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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.
Michael Saylor shared a chart on Sunday indicating Strategy holds 847,363 Bitcoin worth about $50.9 billion. The post came as the company's stock continued to decline amid questions over its funding approach.
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Bitcoin advocate Samson Mow stated that the cryptocurrency's price bottom has already occurred. He based his view on an accelerated halving cycle after an all-time high arrived 37 days before the April 2024 halving. Other analysts continue to forecast possible further declines.
Binance has withdrawn its application for a Markets in Crypto-Assets license in Greece. The company will seek authorization in another European Union country instead. The move comes days before a July 1 deadline under MiCA rules.
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Kalshi is seeking to raise new capital at a valuation of about 40 billion dollars, nearly doubling its previous 22 billion dollar valuation, according to people familiar with the matter.
BitGo Europe has announced a partnership with Warsaw-based Bielik.io to deliver regulated crypto services across the European Economic Area. The move comes as the Markets in Crypto-Assets regulation deadline approaches on July 1, 2026. Smaller platforms may use such arrangements to maintain user access while complying with new rules.
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Three cryptocurrency wallets earned a combined $24.25 million from Polymarket prediction markets tied to the World Cup before routing the funds through a shared Binance deposit address. Blockchain analytics firm LookOnChain identified the accounts on June 21 and noted their strong winning records across 13 of 16 settled bets.
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