Blockchain is becoming the financial layer for capital-intensive industries rather than just crypto-native speculation, Michael Anderson, the crypto venture firm's cofounder, said.
The token is down nearly 7% on the week with the altcoins falling harder. Bitcoin and ether are both ending the second quarter in the red, a back-to-back losing first half that runs against the usual pattern.
Bitcoin has long been lumped in with precious metals as a hedge against a weakening dollar. That trade is unwinding on a hawkish Fed, and bitcoin is falling alongside the metals it was supposed to rival.
Despite the trading platform’s restructuring and the wave of crypto companies making cuts, signaling a late bear market, Altcoin Pro’s Horst, Anderson and Zhuleku explain there’s no reason to panic.
The stablecoin issuer is extending its tokenized gold strategy by allowing holders of XAUT to borrow against their bullion, mirroring bitcoin-backed lending without selling the underlying asset.
For years, investors had valued the firm well above its bitcoin holdings, giving Strategy massive flexibility to raise capital as needed — a situation Michael Saylor and team took full advantage of.
Ripple's Brad Garlinghouse called Strategy's preferred-stock funding model "financial engineering" that distracted the market, pointing to STRC's slide to a record low as the evidence. He runs the company behind XRP, a bitcoin rival.
A rotation out of chipmakers lifted much of the stock market, with the equal-weight S&P 500 at a record. Crypto was not part of it. Ether fell 8% on the week and the memecoins dropped harder.
Maxine Waters, the ranking Democrat on House Financial Services, asked the chief of the Department of Labor to withdraw its proposal on alternative assets.
U.S. IPO issuance has rebounded sharply in 2026, but the bank said the current surge lacks the deal volume and speculative excess that defined the dot-com era.