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Bitcoin’s $10 billion credit market keeps growing after its first major selloff
Strategy and Strive preferred shares plunged below par in June, but record trading and Metaplanet’s Japan plans show the market is still expanding.
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Good to see you this Saturday.
Crypto’s latest split is becoming harder to ignore: institutional funding paths are opening even as weaker operating models and controls are breaking down. That matters because access, custody, and credit are maturing unevenly, leaving readers to track where resilience is actually improving and where counterparty risk is still very real.
Bitcoin’s $10 billion credit market kept expanding after its first sharp selloff, with record trading and Metaplanet pushing the model into Japan. But AscendEX’s shutdown after missing MiCA, with uncertain withdrawals, shows how quickly trust can evaporate.
The global crypto market cap is $2.21 trillion, with a 24-hour volume of $46.3 billion. The price of Bitcoin is $64,349.82, and BTC market dominance is 58.5%. The price of Ethereum is $1,812.31, and ETH market dominance is 9.9%. The best-performing sector is Virtuals, which gained 15%. The Crypto Fear & Greed Index is currently Extreme Fear (26).
📰 Top News
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Bitcoin’s $10 billion credit market keeps growing after its first major selloff
Strategy and Strive preferred shares plunged below par in June, but record trading and Metaplanet’s Japan plans show the market is still expanding.
AscendEX shuts down after MiCA miss and warns some withdrawals may not be processed
Automated payouts are paused after a failed liquidity deal, leaving customers without assurances on timing or amounts.
Bitcoin’s $64K rebound has 3 days before its next big challenge threatens to derail momentum
July 14 will show whether one day of ETF inflows can outlast firm yields and restrained leverage.
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Buy Borrow Die Guide Series: Capital preservation in practice: how major players use high-LTV crypto-backed loans
A practical guide to using high-LTV crypto-backed loans to unlock liquidity without selling, covering LTV, liquidation thresholds, risk monitoring, loan recovery, and cross-collateralized portfolio management. Brought to you by CoinRabbit.
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