Cryptocurrency
Strategy's STRC hits record low on Bitcoin weakness
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Strategy's preferred stock STRC fell to a new low as Bitcoin traded below $60,000. The shares traded around $73, down 3 percent in pre-market trading on Friday.
Major cryptocurrencies fell this week amid a rotation toward stocks tied to the artificial intelligence boom. Bitcoin proved steadier than most peers while Dogecoin and other tokens posted steeper losses.
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SecondFi says forensic investigations into a $2.4 million Cardano wallet exploit are complete. Users could begin receiving recovered assets in about two weeks.
The Ethereum Foundation has eliminated 54 positions, representing about 20 percent of its staff, as part of a restructuring announced Tuesday.
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The Bank of England has replaced proposed limits on individual and corporate stablecoin holdings with a temporary £40 billion issuance guardrail per coin. The move also allows issuers to hold more reserves in government debt while preparing for a 2027 launch of regulated stablecoins.
Strong U.S. employment figures this week weighed on Bitcoin, pushing the cryptocurrency below $64,000. The move followed fresh labor market data and a hawkish signal from the Federal Reserve.
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Isolated gains in select altcoins over the past month have not led to a wider rally across the market. Data shows persistent selling pressure and shifting dominance metrics.
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