Saylor Says The Advice Was For Individuals, Not Companies

Saylor confronted the contradiction directly from the Prague stage.

He acknowledged telling individual investors never to sell their Bitcoin but said that advice was never directed at Strategy as a corporation.

“I said to you, never sell your Bitcoin. I never said that the company wouldn’t sell its Bitcoin,” Saylor said in a video shared on X. 

“Anybody that’s been listening to our earnings calls or reading our disclosures or has half a brain knows for the last five years, we’ve been very clear that of course we sell the Bitcoin if we have to,” he added.

The sale itself barely registers against the size of the position….

Read more on Benzinga

Digital Credit As A New Bitcoin Bid

Speaking on the Bitcoin Magazine Podcast on June 10, Cole described the latest Bitcoin selloff as a “classic” but relatively mild bear market.

“The fundamentals around Bitcoin have never been stronger,” Cole said, pointing to growing institutional adoption, ETF distribution through retirement accounts, improving regulation and the rise of digital credit products.

Cole expects Bitcoin could move back above $80,000 and potentially return to six figures later this year.

BTC-backed digital credit products represent a new source of capital entering the ecosystem as the demand for these instruments is not primarily coming from investors selling Bitcoin,…

Read more on Benzinga

Dogecoin’s (CRYPTO: DOGE) official X account marked the start of the FIFA World Cup on Thursday by posting images of Shiba Inu dogs in national team jerseys.

DOGE Goes Woof-A!

The image featured three adorable canines on a soccer field, sporting U.S., Japan, and England jerseys.

“Drop ur flag so we know which country got the most shibes,” the X handle urged as it attempted to map Dogecoin supporters worldwide.

Replies showed diverse flags from countries, including Brazil, Mexico and Canada, suggesting DOGE’s broad worldwide fanbase.

In fact, one user, MrGoldRobe.eth, declared support for Mexico by sharing an AI image of two Shiba Inu dogs wearing Mexico and South African jerseys,…

Read more on Benzinga

Solana Set To Welcome SpaceX

During an interview with CNBC, Liu said that the shares will be “globally” accessible via tokenization platforms, including Ondo Finance (CRYPTO: ONDO), xStocks and Sunrise.

Note that the platform is not currently available in the U.S.

xStocks also announced that the cryptocurrency derivative of SpaceX will be available for trading on the Solana-based decentralized exchange, Trojan Trading.

xStocks are tokenized equities providing price exposure, but not direct ownership. Like Ondo Finance, they are not available in the U.S.

Similarly, Backpack Securities teased the launch of SPCX, a tokenized version of SpaceX equity, on the Solana-based decentralized…

Read more on Benzinga

Japan’s lower house passed a bill on Thursday that puts cryptocurrency in the same legal category as stocks and other financial instruments.

Big Catalyst For Crypto In Japan

The bill advanced after receiving approval from the House of Representatives’ Finance and Financial Affairs Committee, according to Parliament records. If the upper house, i.e., the House of Councillors, approves it, the legislation is expected to take effect next year.

Under the new proposal, cryptocurrency assets would be defined as financial instruments and fall under a regulatory regime akin to that for stocks.

“It is necessary to regulate cryptocurrency trading as a financial instrument transaction rather than…

Read more on Benzinga

Leading cryptocurrencies climbed alongside stocks on Thursday after President Donald Trump called off “scheduled” strikes on Iran amid hopes for a peace deal.

Crypto Market Pops

Bitcoin jumped to an intraday high of $63,850 as buying pressure surged. Ethereum nearly broke through $1,700, while XRP and Dogecoin recorded sharp upticks.

Over $260 million was liquidated from the market in the last 24 hours, predominantly in short positions, according to Coinglass data.

Bitcoin’s open interest rose 1.23% in the last 24 hours. Retail and whale derivatives traders with open BTC positions remained “bullish” on the apex cryptocurrency.

Despite the swift gains, “Extreme Fear” sentiment persisted in…

Read more on Benzinga

Bitcoin Is Telling The Truth That Equity Markets Cannot

He argued central intervention has broken equity as a reliable signal, leaving Bitcoin as the only unmanipulated read on actual financial conditions.

“Bitcoin is the closest thing we have to the monetary reflection of truth,” Mallers said. “Active 24/7 traded indicator of how the world is doing.”

His explanation for the selling is straightforward. Nations are funding wars, AI buildouts, and deficit spending at the same time individuals are falling behind on credit card bills and rent. Everyone is raising cash. “You sell what you can, not what you want,” Mallers said.

Mallers Questions Whether Strategy’s Capital Stack Can… Read more on Benzinga