Circle slides after Morgan Stanley downgrade, cut in price target
The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer's earnings. Source：CoinDesk
Bernstein sees another leg lower for crypto markets if Clarity Act stalls
The broker said failure to pass the Clarity Act this year would likely send crypto lower, but expects U.S. regulators to accelerate rulemaking. Source：CoinDesk
Strategy sold another $105 million of bitcoin last week, repurchased $81.2 million of STRC
The company trimmed bitcoin holdings by 1,638 coins, while raising $290.6 million with sales of common stock. Source：CoinDesk
Ripple invests in Zilo and Licuido to assist tokenized capital markets push
Ripple made a strategic investment in Zilo and Licuido as it looks to enable the use of tokenized funds as collateral from the point of issuance.…
Bitcoin may find bear market bottom in August: 10x Research
Bitcoin could confirm an August bearmarket bottom, though rising Treasury yields could force the Fed to raise rates in September, according to 10x Research.…
The bitcoin futures yield collapse: Once over 20%, now less than Treasury notes
Bitcoin futures’ oncerich carry has evaporated, with quarterly basis yields trailing two‑year U.S. Treasuries since February, a sign of shrinking arbitrage and…
U.S. Jobs, Circle, Galaxy, American Bitcoin earnings: Crypto Week Ahead
Your look at what's coming in the week starting Aug. 3 Source：CoinDesk
Bitcoin hits $62K while Coinbase premium hits 77-day negative streak
The persistent discount suggests US spot buyers have remained less aggressive than overseas traders even as US Bitcoin ETF inflows turned positive in July.…
Michael Saylor’s Strategy is now tracking bitcoin’s 200-week moving average
Michael Saylor’s company, Strategy, is now closely monitoring bitcoin’s 200week moving average, a key longterm support level that the cryptocurrency has…
Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges
The Coldcard vulnerability has smaller bitcoin holders moving funds onto exchanges for safety, according to blockchain analytics firms. This is opposite of the…
Strategy holds STRC dividend at 12%
Customarily, Michael Saylor and team have lifted the STRC dividend when it trades sizably below par, but not this month. Source：CoinDesk
Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
Without that QQQ token, QQQB, July volume for tokenized equities would be roughly $2.03 billion, about 30% below June’s total. Source：CoinDesk