7*24

Hot topic

Market

Activities

ATWO: Fans Vote to Change Live OutcomesZEST: Bitcoin Lending ProtocolBILL: Human-AI Collaboration NetworkStrategy's STRC slump prompts Terra comparisons that don't hold up, says analyst Strategy's STR

Strategy's STRC slump prompts Terra comparisons that don't hold up, says analyst
Strategy's STRC slump prompts Terra comparisons that don't hold up, says analyst
source-logo  coindesk.com
8 m
image
Strategy's preferred stock STRC slid to record lows over the past week, and the fall has revived a comparison to Terra's UST, the stablecoin whose collapse erased about $40 billion in 2022.

While the parallel is spreading on social media, it also misreads what STRC actually is, per Benchmark Research.

Two features invite the comparison. STRC is designed to trade around $100, and it fell to an intraday low near $82.53 last week before closing around $88.65 on Monday, roughly 11% below that level.

Critics have called that a "depeg," borrowing the term used when a stablecoin loses its $1 value. STRC also pays an 11.5% annual dividend, a yield that echoes the 20% return Terra's Anchor protocol advertised before it imploded. A high yield and a price drifting below its target are enough to trigger the memory.

The mechanics are not the same, according to Benchmark-StoneX analyst Mark Palmer. "STRC is not a stablecoin," he wrote in a Monday note.

A stablecoin promises to hold a fixed $1 value, but STRC never made that promise. It is a preferred stock, a class of equity that pays a set dividend, engineered to trade near $100 but with no peg to defend, so it cannot "depeg" the way UST did.

“Strategy’s objective has been to support STRC’s trading at a level near $100, not to guarantee it,” Palmer said. “In our view, what has happened with STRC is best described not as a depeg — something that was never pegged cannot be depegged — but as a market-driven reset of required yield.”

UST was algorithmic, holding its dollar value through a mint-and-burn loop with a sister token, LUNA, and no hard reserves 

Strategy's STRC slump prompts Terra comparisons th

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX ChallengeCardano Founder Reveals SpaceX Discussion Details, Shares Bullish 

World Cup Predictions: 100,000 USDT Daily

HTX Invites You to Share 600K USDT in Gift Packs

BTC Prophet: 20-Day 380 Million HTX Challenge

Cardano Founder Reveals SpaceX Discussion Details, Shares Bullish Crypto PredictionWhile short-term market weakness continues to worry investors, Cardano founder Charles Hoskinson said that many traders are missing the bigger catch. Speaking in a recent podcast, Hoskinson urged the crypto community to stop focusing on daily price swings and instead pay attention to the massive long-term growth happening across the industry. Cardano, he noted, often benefits from a long-term focus over reacting to short-term market moves.

“The Long-Term We Win”
At the same time, he also shared new details about his conversations with SpaceX, revealing that discussions touched on Starlink and future communication technologies. Notably, Cardano’s community has also speculated on these advancements and their potential impacts.

Hoskinson made it clear that short-term price drops do not change his overall outlook on crypto, especially regarding Cardano development and adoption.

“Crypto is the opt out. Crypto is the exit. Crypto is the solution,” Hoskinson said.

According to him, market ups and downs are normal, but the broader trend remains firmly upward. He pointed out that the crypto industry already has around 550 million users worldwide and expects that number to grow to one billion by 2030. As a result, Cardano could see even greater adoption in the coming years.

Hoskinson also predicted that a good portion of global financial assets could eventually move on-chain, with Cardano potentially playing a significant role.

“There’s 550 million people in the cryptocurrency ecosystem, and there’s going to be a billion by 2030,” he said.

He further argued that stocks, bonds, and other traditional assets will increasingly migrate to blockchain networks over the next few years, making today’s market volatility look insignificant in hindsight. Major b

Cardano Founder Reveals SpaceX Discussion Details,

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX Challenge The weeks are growing short for the Digital Asset Market Clarity 

The weeks are growing short for the Digital Asset Market Clarity Act to thread the needle of the U.S. Senate, but talks continue in several distinct negotiations as lawmakers seek to patch the remaining rifts in the crypto industry's most important policy effort.

The toughest of the negotiations involves the Clarity Act provision to limit senior government officials from maintaining business ties with the industry, as is most prominently illustrated by President Donald Trump's own interests.



The weeks are growing short for the Digital Asset

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX ChallengeA bill stuck on the Senate calendar in Washington would set rules 

A bill stuck on the Senate calendar in Washington would set rules far past the United States border. The reason is the same one that made European privacy law a global standard, and the dollar makes the reach wider still.






Summary






The CLARITY Act is a U.S. bill, but its effects would travel globally.



Market access could make American crypto definitions a default operating standard.



Dollar stablecoins give Washington’s crypto rules an even wider reach.



The biggest global split is likely to be between the U.S. framework and Europe’s MiCA regime.








The CLARITY Act is a United States market-structure bill, and most coverage treats it as a domestic fight over which agency regulates which token. That framing misses the larger consequence.



If the bill clears the Senate floor and reaches President Trump’s desk, its effects will not stop at the American coastline. A company in Singapore, an exchange in the Cayman Islands, and a token team in Lisbon will all change how they operate because of a law passed in Washington.




JUST IN: Senator Lummis warns America cannot lead international digital asset standards talks without passing the Clarity Act. Other nations will fill the vacuum and write rules that may not align with U.S. values https://t.co/NFsjGXWGUB pic.twitter.com/DxvzbG5Gvk— crypto.news (@cryptodotnews) June 1, 2026




This is how financial rules from a large market travel. They do not require treaties or foreign adoption.



They spread because the market is too big to ignore and the currency at the center is too important to route around. The CLARITY Act, paired with the stablecoin law that already passed, would push American definitions of what a crypto asset is and how it must be handled into jurisdictions that had no vote on either one.












You might also like:





Ripple settled a tok

A bill stuck on the Senate calendar in Washington

ACH chatter is mixed/neutral, with low engagement and some skepticism about “organic” buying. In verified updates: on May 27 Alchemy Pay integrated USDT0 on Conflux; on Jun 9 it secured a Maine MTL; o

JUST IN: Kalshi adds India to its restricted jurisdictions list. If this tightens access, regional regulatory pressure could impact trading availability for crypto-related event bets. $CAKE? (Note: Ka

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX Challenge The European Central Bank (ECB) scored a major victory after the 

The European Central Bank (ECB) scored a major victory after the European Parliament’s influential Economic and Monetary Affairs (ECON) committee voted to approve the legal framework for a digital euro on Tuesday.

The committee also directly mandated the immediate start of final "trilogue" negotiations between European Union (EU) member states and the Parliament to hammer out the final law.

The European Central Bank (ECB) scored a major vic

BNT chatter is bearish and concerned, with low engagement as traders note falling volume. On May 28, Bancor DAO posted a Vortex parameter proposal for TAC/IOTA EVM. On Jun 1, a stable-to-stable taker 

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX ChallengeBitcoin price has limited downside, likely near bottom, contrarian

Bitcoin price has limited downside, likely near bottom, contrarian indicator suggestsIf you’re wondering just how much lower bitcoin BTC$62,272.98 is likely to drop, the answer, at least according to one historically accurate contrarian indicator, is not much.

That's the conclusion from an indicator that might seem to signal a bearish shift in sentiment but has tended to presage a more bullish outlook.

The indicator is based on two moving averages: Bitcoin’s 50-week simple moving average (SMA) and the 100-week average. The 50-week average, representing roughly one year, is very close to dropping below the 100-week line. A shorter-term measure is often seen as a more accurate reflection of recent attitudes, so the cross would trigger what analysts call a "bear cross." At current trajectories, it could happen as soon as next week.

While that might sound scary to bulls, it is potentially positive news.

There have been three such bear crosses in bitcoin's history, and each marked a market bottom, signaling the end of a decline and the beginning of a three-year rally. The impending cross, therefore, suggests the bear market has nearly run its course and the bottom is near.

Critics would argue that three past instances aren't enough to draw a definite conclusion. While that is true, the contrarian record of the bear cross is consistent with the reputation of ultra-long-duration moving averages as "lagging" indicators.

Bitcoin price has limited downside, likely near bo

$APT {spot}(APTUSDT) Latest Analysis Outlook: Bullish with strong Layer-1 growth potential. Aptos continues to be one of the leading next-generation Layer-1 blockchains, benefiting from fast transacti

HTXCommunity4thAnniversary

On June 23, BIT (formerly Matrixport) announced the official launch of its US stock margin trading feature, with public testing set to begin on June 26. BIT is the first platform in the cryptocurrency industry to offer margin trading capabilities. Users can now submit margin loan applications through the official website or app, and BIT will review these applications based on account status and risk management requirements, gradually increasing the margin limits. Additionally, features such as securities lending are in preparation and will be rolled out in accordance with regulatory requirements and product development. During the public testing phase, BIT will also launch promotional activities including 'First Margin Loan · Limited Time Interest-Free' and 'Interest Cashback Gift': Users who utilize margin trading for the first time during the promotional period will enjoy 30 days of 0% interest on their first loan, allowing them to experience the efficiency of leveraged funds without interest. Elio Cui, head of brokerage services, stated: 'BIT is the first to offer margin trading, enhancing the entire process for clients from account opening and trading to fund leverage. This allows BIT clients to improve investment efficiency without relying on bank cards and while remaining within the digital asset ecosystem, enabling them to strategically position themselves in the world's most wealth-generating assets.' BIT also reminds users that while margin trading enhances capital efficiency, it also carries associated risks. Users should fully understand the margin rules and risk control mechanisms and participate cautiously based on their own risk tolerance.

<p>On June 23, BIT (formerly Matrixport) announced the official launch of its US stock margin trading feature, with public testing set to begin on June 26. BIT is the first platform in the cryptocurrency industry to offer margin trading capabilities. Users can now submit margin loan applications through the official website or app, and BIT will review these applications based on account status and risk management requirements, gradually increasing the margin limits. Additionally, features such as securities lending are in preparation and will be rolled out in accordance with regulatory requirements and product development. During the public testing phase, BIT will also launch promotional activities including 'First Margin Loan · Limited Time Interest-Free' and 'Interest Cashback Gift': Users who utilize margin trading for the first time during the promotional period will enjoy 30 days of 0% interest on their first loan, allowing them to experience the efficiency of leveraged funds without interest. Elio Cui, head of brokerage services, stated: 'BIT is the first to offer margin trading, enhancing the entire process for clients from account opening and trading to fund leverage. This allows BIT clients to improve investment efficiency without relying on bank cards and while remaining within the digital asset ecosystem, enabling them to strategically position themselves in the world's most wealth-generating assets.' BIT also reminds users that while margin trading enhances capital efficiency, it also carries associated risks. Users should fully understand the margin rules and risk control mechanisms and participate cautiously based on their own risk tolerance.</p>

BIT to Launch Public Testing of US Stock Margin Trading

SpaceX IPO Unlock Timeline

A Panoramic View of the Solana Privacy Ecosystem: The Complete Privacy Stack from Computation to AI

The 'Chip' Challenge and Breakthroughs in China's Optical Industry Chain

Ethereum Advances Glamsterdam Upgrade Ahead of Planned 2026 Launch

Cursor's New 1.5T Model Abandons Kimi Foundation, $60 Billion Stock Swap for Cursor, Musk's First Move Targets Microsoft's GitHub

3B Small Model's Programming Scores Rival Opus 4.5, Mysterious Model Sparks Heated Discussion, Turns Out to be Domestic

Breaking: Google Gemini Co-Head Poached by OpenAI

Intel CEO Liwu Chen's First Podcast Interview: Our Goal is '10x in 5-10 Years', Betting on Advanced Packaging, Glass Substrate, and Synthetic Diamond

Optical Chips: Collective Capacity Expansion

Google's AI Talent Loss: A Stress Test or a Prelude to an 'Obituary'?

Article

BIT to Launch Public Testing of US Stock Margin Trading

Tüm Yorumlar0En yeniPopüler

Trend Konular