liveUpdated 29 minutes ago
Crypto held to its bounce following bitcoin’s brief drop under $80,000, but investors kept pulling money from ether, SOL and ZEC funds.
Share this post
Led by Michael Saylor, the company announced weeks ago its plan to switch to a daily dividend (from monthly) for its high-yielding preferred stock STRC.
The change is subject to a shareholder vote, which is underway, and the results will be known on Oct. 28.
Today’s announcement is thus conditional on the vote being in favor of the move to daily payments.
While strongly rebounding from its panicky lows of early summer, STRC continues to trade just below par value (yesterday’s close was $99.53), leaving Saylor and team unable to raise bitcoin-buying capital by issuing more shares.
Share this post
“I don’t prejudge meetings,” said Fed Chair Kevin Warsh, speaking at a fireside chat overnight at an IMF event. “I don’t believe in saying now what I might do at the meetings we have.”
“It’s a new chapter at the Fed, and we’re not in that business anymore.”
Warsh defended the September rate hike as a necessary move to cool inflation.
He said the AI boom was the most important thing happening to global economies now, and said it was likely creating price pressures. Productivity gains will come, he said, but the road will be bumpy.
Rates are modestly higher from yesterday’s close, the 10-year U.S. yield up 2.9 basis points to 5.12%.
October Fed rate hikes odds have dipped to 15% from nearly 45% in the moments after the CPI report on Wednesday.
Share this post
The latest inflation-driven crypto selloff is a short-term reaction rather than a sign of deeper trouble, according to Catherine Chen, Binance’s head of institutional.
“The CPI-driven selloff is a sentiment shock, not a structural break,” Chen said, referring to the Consumer Price Index, a measure of U.S. inflation.
Chen expects inflation to peak around October, with clearer signs of cooling potentially emerging in March 2027. Lower energy prices and easing inflation could eventually help crypto markets recover, she said.
“A difficult trading day does not determine the outlook for the next several months,” Chen added. “The window for relief may already be approaching.”
Share this post
Bitcoin climbed back above $82,000 on Friday, a day after a brief drop under $80,000, as ZEC led a broad crypto bounce with an 11% jump to about $1,230 — even as investors pulled money from the token’s only U.S. ETF.
SOL and ether each gained more than 3%, to about $106 and $2,450, and DOGE and XRP added between 2% and 3%. BNB, HYPE and TRX rose about 1%, and bitcoin was up nearly 1%, according to CoinDesk data.
The bounce hasn’t reached the ETFs. The U.S. spot ZEC fund lost about $15 million on Thursday, its fifth outflow this month, according to SoSoValue data. Ether funds shed about $60 million, and SOL funds lost nearly $10 million, their ninth straight day of withdrawals. XRP funds saw a small outflow.
Bitcoin ETFs drew a net $5 million, a thin inflow after Wednesday’s $261 million exit.
A second straight day of bitcoin ETF inflows would be the first sign the bounce from $80,000 has buyers behind it.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Sep 24, 2026
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.