Strategy shares fall below $100 to lowest level since March 2024
Strategy hits its lowest level since March 2024 as Bitcoin nears $60K while Japan launches JPYSC and Ink moves infrastructure to Optimism.
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Crypto is under pressure, yet institutions keep building deeper into it.
Bitcoin is flirting with $60K, dragging the entire market down with it.
But here's the thing: institutional money isn't running away from crypto. It's running deeper into it.
Japan just got its first trust bank-backed stablecoin. A major exchange's Layer-2 is outsourcing its entire infrastructure.
The old financial system is not being replaced. It is being rebuilt onchain.
Strategy's stock has now lost 74% over the past 12 months.
Shares fell another 5% Wednesday morning as Bitcoin's slide deepened the pain for the company's all-in BTC treasury bet.
When your entire balance sheet is a leveraged crypto trade, corrections hit different.
Markets
Tech rout spills into crypto as Bitcoin nears the $60K danger zone
A two-day Nasdaq selloff erased roughly 4% as AI valuation fears rattled investors.
US equities bounced slightly Wednesday, but crypto didn't get the memo.
The broader digital asset market followed Bitcoin lower across the board.
BTC slipped near $60K, ETH traded below $1,620, SOL fell near $67, and XRP hovered around $1.06.
Aave now commands 47% of crypto lending as Standard Chartered starts coverage
Standard Chartered is analyzing Aave with the same DCF models it uses for banks.
The protocol generated $333M in revenue through mid-June 2026 alone.
When Wall Street treats your DeFi protocol like JPMorgan, the industry has crossed a threshold.
SBI Holdings launches Japan's first trust bank-backed yen stablecoin
SBI Shinsei Trust Bank will issue JPYSC, a yen-denominated stablecoin with full regulatory backing.
Japan's FSA approved the framework, making this the country's first institutional-grade stablecoin.
If the world's fourth-largest economy goes on-chain with its currency, others will follow.
Kraken's Layer-2 hands its entire infrastructure to Optimism
Ink, Kraken's Ethereum Layer-2, signed a multi-year deal for Optimism to run its production systems.
The network processed over 1 million transactions in its first 24 hours after launching in late 2024.
Apps on Ink are now generating close to $40M in annual revenue, so the plumbing needs to scale.
On Our Radar
Precious metals for crypto people: Here's how to buy actual silver bars.*
Stablecoin bet: Crypto veterans are backing a new player called Daya.
Betting on the next big thing: Kraken's parent company backs a sports prediction app.
*sponsored
ICYMI
Meme of the Day
Until next time.
Estéfano
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