Strategy’s recent bitcoin sales and its formal monetization program have rattled investors, but JPMorgan analysts see a bigger danger to bitcoin: blockchain adoption that routes around public networks and the tokens that ride on them.

In a report led by managing director Nikolaos Panigirtzoglou and reported by The Block, the bank argued that Strategy is not the main structural threat to the asset. 

The company sold 3,588 bitcoin for $216 million in early July to cover preferred dividends, its largest disposal on record, and such sales can add bursts of selling pressure. The deeper concern, the analysts said, is where tokenization, payments and settlement end up.

Should…

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Public companies kept stacking Bitcoin in June, but the month’s real story played out in a corner of the market that did not exist a couple of years ago: the preferred shares that treasury firms now use to fund their coin purchases. 

A new report from BitcoinTreasuries.net calls June the first true stress test for this “digital credit” market, and the results offer a mixed but telling verdict on where corporate Bitcoin adoption goes next.

First, the buying. Public treasuries added close to 9,000 BTC before sales in June, or about 7,300 BTC on a net basis, worth some $427 million at the month-end price of $58,398. That counts as moderate growth, and two names did most of…

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The New Hampshire Executive Council rejected a plan on Wednesday to authorize a $100 million bond backed by Bitcoin, killing a proposal that state officials had cast as a first-in-the-nation bid to draw digital finance to the Granite State.

The New Hampshire councilors voted 3-2 against it, according to reporting from The Boston Globe.

The New Hampshire Business Finance Authority and Governor Kelly Ayotte had promoted the bond as “groundbreaking” and “historic.” The deal would have stood as the world’s first Bitcoin-backed municipal bond. The plan had cleared Moody’s ratings and reached the Executive Council for its final vote before issuance.

The council did not…

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BitGo Holdings, Inc. (NYSE: BTGO) introduced a set of tools to help institutions measure and reduce the quantum-computing risk tied to their Bitcoin holdings. The digital asset infrastructure company said the features apply to UTXO-based wallets and its multi-signature custody service.

The release builds on BitGo’s multi-signature architecture, which the firm pioneered for Bitcoin to reduce single points of failure. The new controls give clients more visibility into wallet-key exposure, better handling of unspent transaction outputs, and workflows for institutional wallet operations.

At the center of the launch is a Quantum Risk Score, an in-platform system that rates…

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Alfa-Bank, Russia’s largest private lender, is preparing to launch its own digital depository and a full slate of crypto services once national regulation takes effect, joining a widening race among Russian banks to capture a market that does not yet legally exist.

Dmitry Vitman, chief operating officer of Alfa-Bank’s corporate and investment business, told RBC Investments that the bank intends to offer “all possible services related to digital currencies” once the relevant legislation comes into force. 

“First and foremost, we plan to create our own digital depository and offer its services to other companies,” he said.

Under the framework expected to govern the…

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Bitcoin traded near $62,000 today, surrendering part of a rebound that had carried it to $64,000 from last week’s bear-market low of $57,700. The pullback holds the price above the $60,000 level that CryptoQuant treats as support, though it trims a recovery of some 11% off the bottom.

The dip came as CryptoQuant’s Weekly Crypto Report, published today and shared with Bitcoin Magazine, argued the backdrop skews toward further gains. Head of Research Julio Moreno framed the bounce as a bear-market recovery rather than a trend reversal, with one central caution: the firm’s Bull Score Index, an aggregate of on-chain, market, and valuation conditions on a 0-to-100 scale, sits at…

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Commodity Futures Trading Commission Chairman Michael Selig said the Clarity Act remains within reach, days after Congress missed its July 4 target to pass the crypto market-structure bill. “We’re so close. We have to get this done,” Selig told Fox Business host Maria Bartiromo. 

Some analysts give the measure even odds of passage before the August 7 recess.

The bill would divide oversight of digital assets between the CFTC and the Securities and Exchange Commission, a split the industry has sought for years. The House passed the legislation last summer. The Senate has yet to hold a floor vote.

Selig, a Trump appointee confirmed in December, backed the Clarity Act…

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Bull Bitcoin exchange, recently licensed under MiCA, is challenging the European directive in French courts that sets up a mass surveillance database, putting millions of crypto users at risk. 

Bull Bitcoin, the world’s oldest Bitcoin-only and non-custodial exchange, recently licensed under MiCA by France’s financial markets regulator AMF, has filed a legal challenge before the Conseil d’État, France’s supreme administrative court. The challenge seeks to annul Decree No. 2025-1276, the main measure transposing the European DAC8 directive into French law, on the grounds that it creates a massive surveillance grid and database that institutions can not secure from leaks and…

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Strategy remains under pressure as Bitcoin hovers near $60,000, but recent capital moves have bought the company time, according to Jim Ferraioli, director of crypto research and strategy at the Schwab Center for Financial Research.

Speaking on Morning Trade Live at the New York Stock Exchange, Ferraioli said the firm led by Michael Saylor faces scrutiny while the price of Bitcoin sits 50% below its peak. Strategy, the largest corporate holder of Bitcoin, has funded much of its buying through preferred equity, including its variable-rate Stretch preferred stock, known as STRC.

That product fell near $70 from its $100 par value before a rebound. To defend the peg, Strategy raised…

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