Strategy shares rise ahead of Q2 earnings test
CME Group's CEO warns that perpetual futures approved by the CFTC could still land US traders in IRS crosshairs.
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Markets served up a mixed bag today, from crypto treasuries to cooling inflation.
A major Bitcoin holder rallied into earnings even as its stock remains deeply discounted, and inflation surprised to the downside, though traders shrugged it off.
Elsewhere, a tax classification fight and a DeFi protocol cleanup remind us that structure matters as much as price.
Here is today’s market roundup.
Strategy stock climbs 4% ahead of Q2 earnings as investors eye its Bitcoin strategy
Strategy shares rose 4% Thursday as traders awaited its second-quarter report card.
The stock closely tracks Bitcoin's price, making earnings less about software and more about crypto conviction.
How the company frames its capital strategy tonight could set the tone for every corporate Bitcoin treasury play.
Markets
Inflation cools but markets shrug, waiting for what comes next
The Fed's preferred inflation gauge fell monthly for the first time in six years.
Core PCE rose just 0.1% in June, below the expected 0.2% gain.
GDP growth also missed forecasts at 1.5% annualized, but markets barely reacted to June-vintage data.
BTC held steady near $65K, ETH traded below $2K, and SOL hovered around $75.
CME Group CEO warns perpetual futures could trigger IRS tax disputes
The CFTC approved perpetual futures, but the IRS may not agree on how to tax them.
CME's Terry Duffy says courts could reclassify the products as swaps, catching US traders off guard.
Until the tax question is settled, big institutions have one more reason to stay on the sidelines.
Aave to shut down six blockchain deployments, pulling back from $98M in supplied assets
Aave is winding down deployments on Sonic, Scroll, Aptos, and three other chains.
The move covers 50 low-activity reserves carrying $16M in outstanding debt.
DeFi's largest lending protocol is betting that fewer chains and tighter focus beat sprawl.
On Our Radar
AI's newsroom moment: Crypto outlets are letting algorithms decide what you read.*
Senate's crypto moment: A market structure bill edges closer to a floor vote.
Bitcoin gets real: Hyperscale Data cashes in BTC to fund Michigan AI expansion.
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