Stretch shares are an on-ramp for people who believe Bitcoin will be around for the long term but can’t handle the near-term volatility, explained Michael Saylor. Retail investors dominate Strategy’s “Stretch” shares, which have been used to acquire over $1 billion worth of Bitcoin this year. Roughly 80% of STRC holders are retail investors, according to CEO Phong Le, who said on Wednesday that these investors “prefer low-volatility, high-yield digital credit.” “Retail investors prefer low-volatility, high-yield digital credit,” he added. Read more
David Sacks will lead a new tech-focused advisory group established by the White House, which will include key leaders like Nvidia’s Jensen Huang and Meta’s Mark Zuckerberg. David Sacks, a venture capitalist who became a special White House official under US President Donald Trump last year, has wrapped up his 130-day tenure as crypto and AI czar but will continue to shape policy in a new role. “We've now used up that time,” Sacks told Bloomberg on Thursday, noting that he will continue making policy recommendations across a broad range of tech industries as co-chair of the President’s Council of Advisors on Science and Technology (PCAST). Sacks has been an influential figure in the White House since Trump tabbed him in December 2024 as his key adviser on technology. Reuters noted that under US rules, such special government employees are limited to 130 days of work in a 12-month period. Read more
Spot ETF outlflows, falling DEX volumes and a declining ETH futures premium may be preventing Ether from rallying, but flipping them could catalyze a rally to $2,400. Key takeaways: Ether struggles to hold $2,400 due to low DEX volumes and declining demand for decentralized applications. Institutional investor-led outflows and weak futures premiums suggest that ETH lacks the bullish demand for a sustainable rally. Read more
The Treasury Department announced plans to add US President Donald Trump’s signature to US currency, reportedly starting with the $100 bill in June. US President Donald Trump is set to become the first sitting president in history to have his signature put on US paper currency. In an announcement on Thursday, the US Department of the Treasury said the move would mark the 250th anniversary of the US. It will put both Trump and Treasury Secretary Scott Bessent’s signatures on future US notes. “There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S. dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial,” Bessent said. Read more