Economist Peter Schiff questioned on Thursday how Strategy Inc. (NASDAQ:MSTR) can sustain the 11% dividend payout on its Perpetual Stretch Preferred Stock (NASDAQ:STRC), citing the company’s ongoing financial challenges.

Saylor Says SRTC Providing Yield With Less Volatility

It all started when Strategy founder Michael Saylor took to X, highlighting how the Bitcoin-backed preferred stock delivered 11% annual dividend, paid monthly in cash.

Saylor attached a chart showing STRC’s 6% historical volatility, significantly lower than the Strategy’s Class A shares and the iShares Bitcoin Trust ETF (NASDAQ:IBIT), the world’s largest Bitcoin exchange-traded fund.

“STRC delivers the first…

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President Donald Trump, during an appearance at the premiere for the film “Melania,” on Thursday, said that he will name his pick for the Federal Reserve Chair on Friday.

Trump To Announce Fed Chair Pick On Friday

“I’ll be announcing the Fed chair tomorrow morning,” Trump said, according to a report by CNBC. Trump also said that he has a pick in mind.

The shortlist reportedly includes Kevin Warsh, a former Federal Reserve governor, National Economic Council Director Kevin Hassett, BlackRock’s chief investment officer of global fixed income, Rick Rieder and current Fed Governor Christopher Waller.

Kevin Warsh Emerges As Frontrunner

Kevin Warsh has emerged as the frontrunner ahead of the…

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Leading cryptocurrencies plunged alongside stocks on Thursday, as a tech-driven sell-off sent risk-on markets into a tailspin.

Crypto Sees Over $1 Billion In Liquidations

Bitcoin sank below $84,000 to hit levels last seen in April. Trading volume surged 64% over the last 24 hours, signaling high selling pressure. 

Ethereum dived to $2,751, its worst since early July, while XRP and Dogecoin recorded sharp drops.

Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR)  and Bitmine Immersion Technologies Inc. (NYSE:BMNR), closed down 9.63% and 9.89%, respectively

About  $1.74 billion was liquidated from the market in the last 24 hours, according to Coinglass, with…

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The New York Stock Exchange is preparing for a future where stocks and other financial instruments can exist as blockchain based tokens. While tokenization is often framed as a way to speed up settlement and reduce costs, it also introduces a more complex challenge for regulators and market participants: how to protect sensitive trading and identity data while preserving the transparency required for market oversight.

Tokenization would move parts of today’s market infrastructure onto distributed ledgers. That shift forces regulators to rethink long standing assumptions about surveillance, record keeping and data protection. Unlike traditional trading systems, blockchain ledgers can make…

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Bitcoin has plummeted below $84,000 as risk-off sentiment pauses the commodities rally.

Notable Statistics:

Coinglass data shows 226,842 traders were liquidated in the past 24 hours for $948.33 million.      

In the past 24 hours, top losers include Chiliz, Lighter and Optimism.

Notable Developments:

Trader Notes: Altcoin Sherpa noted Bitcoin looks weak on lower timeframes. While a short-term relief bounce is possible, the trader is prioritizing risk management over catching a falling knife.

Trader Koala highlighted the $86,600 weekly close as the line in the sand. A close below this level would align all timeframes bearish, potentially setting up mass liquidations before a real…

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Ripple (CRYPTO: XRP) and Coinbase Global Inc. (NASDAQ:COIN) have poured a combined $75 million into crypto super PAC Fairshake, yet find themselves on opposite sides of the crypto market structure bill.

The Super PAC War Chest

Fairshake announced Wednesday it raised $193 million total for the 2026 midterms, making it one of the best-funded political forces in the country according to Politico.

Ripple put in $25 million, Coinbase added $25 million on top of its earlier $25 million donation since the 2024 election for a total of $50 million, and Andreessen Horowitz contributed $24 million.

The super PAC network includes Fairshake, Protect Progress, and Defend American Jobs.

The 2024 results…

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Bitcoin (CRYPTO: BTC) is down over 5% on Thursday as broader risk-off sentiment sweeps through global markets.

Why Caution Is Warranted

Weakening tech earnings and a hawkish pivot from the Federal Reserve are driving capital out of risk assets.

Crypto trader Jelle highlighted that this is the largest Bitcoin correction since 2021, but it’s still far from the biggest drawdown in BTC’s history.

Bitcoin has repeatedly recovered from much deeper declines and gone on to set new all-time highs.

Given that track record, it wouldn’t be surprising if this correction ends up being another temporary setback before a renewed move higher.

Crypto chart analyst Ali Martinez noted that with the Coinbase…

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Fundstrat’s Tom Lee urged investors not to abandon Ethereum (CRYPTO: ETH) out of FOMO, yet ETH plunged 6% on Thursday as gold and silver’s explosive rally continues.

The Gold Vortex Problem

Lee responded to a post from BitMine (NYSE:BMNR) highlighting that gold and silver surged 18% and 52% year-to-date. 

The company called the moves “astounding and impressive” but warned they’re creating a “vortex” that’s sucking investor attention away from structurally strong themes like AI and crypto.

Lee’s message was direct: “Own what works. But don’t let FOMO make you abandon good ideas.”

The capital rotation issue ties back to Lee’s earlier analysis this week. 

He explained…

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