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Brad Garlinghouse, CEO of Ripple, called Michael Saylor’s leveraged Bitcoin model a “crushing indictment,” pointing to MicroStrategy’s preferred equity, which trades far below its stated value of $100.
Garlinghouse reiterates his long-term bullish view on Bitcoin (BTC), but drew a clear line between his assessment of the asset and the financing structure Saylor has built around it.
Saylor’s preferred equity under pressure
Strategys STRC perpetual preferred equity was trading around $74 at the time of Garlinghouse’s remarks. That’s roughly 26% below the $100 stated value. The discount has widened through 2026 as the market has assessed Strategys growing financial obligations.

Binance’s competitive advantage is now facing a tough new test. Europe’s extensive new crypto regulatory framework brings back an old question: how much of the dominance is due to scale, and how much is due to regulatory loopholes.
The pressure is immediate. The European Union (EU) forces Binance out of the bloc under the new Markets in Crypto-Assets (MiCA) rules. A few days earlier, OKX CEO Star Xu divided the company’s success into four parts and argued that each one builds on loopholes like these.
Binance has four competitive advantages

Why can American billionaires live tax-free? It is because they have no actual cash. Instead, they own billions of dollars in stocks, and the country does not tax unrealized gains.
But what if that were to change? South Korea plans to introduce this. The Netherlands has also tried to push it through. Some American politicians are discussing their own versions. The goal of these tax proposals is wealth like that of Elon Musk.
He became the first billionaire on June 12, with a fortune that consists almost entirely of unrealized stock values. Move him to Seoul, or change American law, and the bill comes due. But the most important question is how large it would be.

The U.S. government lifted its export restrictions on Anthropic's Claude Mythos 5 on Friday. The decision allows the model to be rolled out to more than 100 U.S. institutions, including major companies and public agencies.
This reverses a two-week stalemate between the Trump administration and Anthropic. It promotes Mythos 5, while Fable 5, the consumer version, remains unavailable.
The Department of Commerce gives the green light for Claude Mythos 5 for trusted partners
Commerce Secretary Howard Lutnick announced the decision in a letter to Anthropics' computing power executive Tom Brown on Friday. A license is no longer required to export Mythos 5 to the entities listed in Appendix A.

Jeremy Grantham, the GMO co-founder known for having warned about earlier market bubbles, warns that an AI bubble has made US stocks more expensive than ever in American history, and that this could lead to a drop of up to 70%.
The experienced strategist spoke on CNBC, and his main advice was clear. He urges investors to step away from US stocks and instead look to other markets.
An AI bubble at record highs
Grantham says the market's price-to-earnings ratio has, on average, been more than 60% higher since 2010 than it was in the previous century. He links this premium to many years of cheap capital. He does not dispute that AI is transformative. Instead, he believes that the near-universal faith in the technology has led to a dangerous overinvestment, reflecting rising AI-bubble fears on Wall Street.

Base’s B20 token standard was meant to be opened to issuers on June 26, but a second chain halt within two days has delayed the rollout of the B20 token.
The network completed its Beryl update on June 25, which includes B20 along with faster withdrawals and lighter node software. Activation of B20 issuance depends on a separate register that Base has not yet confirmed is operational.
Continuous downtime revives concerns about the sequencer
Base block production became unstable on June 26, a few hours before B20 was scheduled to be activated at 18:00 UTC. The team reported a chain halt with symptoms similar to the previous day, and restored the blocks in about 15 minutes.

A small group of altcoins is approaching new All Time Highs (ATH) this weekend, while the rest of the market remains well below previous peaks. Two are in price discovery, while a third stays steady near its peak level.
Technical analysis points to fresh Fibonacci extension targets for the leaders. At the same time, lower volume and overshot momentum on some charts suggest that the path upward could be bumpy.
ADI moves into price discovery above $4.55
ADI is trading around $4.55 after setting a new all-time high on June 26. This has pushed the price into an open area with no resistance above it. Traders can follow the live ADI market for confirmation.

The U.S. president Donald Trump threatened to impose immediate 100% tariffs on all countries that levy taxes on American technology companies—a measure that would override existing trade agreements and rekindle global trade tensions.
Warnings are aimed at Digital Services Taxes, the fees that multiple European governments impose on large American technology companies. By pressuring these governments, the threat could ultimately benefit the very same companies.
A new battle over digital taxes

A senior Federal Reserve official has brought a possible rate hike in 2026 back into focus, adding new pressure on US stocks. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Friday that he now expects one rate increase in 2026 and does not see any cuts in the near term.
Hans statements are important because Kashkari has long been seen as one of the Fed's most dovish decision-makers. His shift suggests that inflation concerns are spreading within the central bank, causing investors to reassess how long borrowing costs can remain high.

OpenAI has officially launched GPT-5.6, the latest frontier AI model family. Most developers and companies, however, will have to wait before they gain access. The company announced that GPT-5.6 will initially only be available to a small group of trusted, government-approved partners, with a wider rollout expected within the next few weeks.
The gradual rollout marks one of the most talked-about AI releases in 2026 and highlights increased U.S. government involvement in the deployment of advanced artificial intelligence systems.

With the crypto winter gauge locked at 32, capital is leaking out of digital assets and looking elsewhere.
BeInCrypto's monitoring shows that funds are landing in commodities and stocks, where the assets that smart money buys point toward early positioning rather than chasing the market.
Over two metals and a hyperscaler, the pattern repeats itself: quiet accumulation during a downturn, not an overcrowded trade.
Gold (XAU)
Gold leads the list of assets that smart money buys in the second half of 2026. Gold peaked early in the year, fell sharply back, and with oil prices low and inflation easing, the price has slowly risen back toward $4000.

Binance will remove four digital assets from its platform on July 10, 2026, and the announcement caused three of the tokens to reach record low levels the same day.
The exchange will delist Alchemix (ALCX), Ardor (ARDR), NFPrompt (NFP) and Marlin (POND) following a periodic review assessing liquidity, compliance, and overall project quality.
The selloff hit the smaller tokens hardest. NFPrompt and Marlin fell by about 20% after the announcement, repeating the newer double-digit losses tied to similar delistings.

The popular fashion giant Zalando fell by around 7% on June 26 after the German financial authority BaFin opened a formal investigation of the company’s 2025 financial accounts.
The investigation is linked to Zalando’s acquisition of ABOUT YOU, the German online fashion retailer that the company bought in 2025 for around €1.2 billion. BaFin states that there are signs that Zalando may have failed to include required information about a transaction with related parties in its financial statements.
A transaction with related parties usually means an agreement with individuals or companies that are connected to the business. Such information is important because it helps investors understand whether a company has been transparent about key financial matters.

Michael Saylor broke his public silence on June 26 with a post on X in which he confirmed Strategy’s commitment to Bitcoin, while the company is being investigated for securities and faces increased pressure across its capital structure.
Rosen Law Firm has launched an investigation and is looking into whether Strategy’s management has made materially misleading statements related to five associated securities. The company has not provided any formal response.
Saylor continues to bet on Bitcoin
On X, Saylor did not directly comment on the investigation. Instead, he described volatility as a structural test. He continued to signal a focus on credit quality and long-term value creation.

SpaceX (SPCX) shares are sliding toward a critical level after a sharp drop of more than 30% from the June peak, as the speculative glow that drove the record listing quickly fades.
Two weeks after the $75 billion IPO, the stock has gone from euphoria to fragility. A new Starlink launch delivered no lift, and fading hype, weak space stocks, and short-heavy positioning now point downward.
The hype has burned out of the SpaceX story
SpaceX’s stock plunge has a clear tell— the hype is gone. A proprietary composite Hype Score, which combines momentum, volume intensity, volatility, and overbought readings into a 0–100 indicator for speculative strength, has fallen to 18 and signals cooling.

Hyperliquid has been added to Singapore’s Investor Alert List (IAL). The list is the public register of warnings maintained by the Monetary Authority of Singapore (MAS).
This places Hyperliquid alongside Binance and Bybit on the list, which is a warning to consumers and not a ban. Prominent investors still strongly argue for the platform’s value.
What the Investor Alert List means
IAL is a consumer warning register maintained by MAS, not a blacklist or a fraud stamp. The regulator provided the same explanation when it added Bybit this month.

Ninety-five percent of all crypto tokens that have ever been launched were not necessary, according to Sergei Novikov, Chief Product Officer at 8Blocks. Most teams launched them out of habit, not because the product needed them.
Novikov shares daily assessments in an interview with BeInCrypto, where he also explained why growing Web3 products often fail to increase the value of their own tokens, and why tokenomics revisions should follow the example set by security reviews of smart contracts.

AI agents are now entering crypto via wallets, exchanges, payment apps, trading systems, and portfolio tools. When an agent is granted signing rights, it can prepare transactions, rebalance assets, pay invoices, use smart contracts, and move between apps on the blockchain with software-level speed.
This creates a new product category around controlled autonomy. The user retains ownership of the funds, while the software handles repetitive tasks according to predefined rules.

An American user sent $ 25 directly to Elon Musk on Thursday to test X Money’s peer-to-peer feature. Musk publicly confirmed the payment on X after the platform officially launched its complete payment service for U.S. Premium subscribers.
X Money’s digital wallet enables real-time transfers between users, deposits to bank accounts, and storing balances in U.S. dollars. Subscribers also get a physical metal Visa debit card for everyday purchases at all Visa-affiliated stores.

Bitcoin’s total supply in loss has risen to a record of 10.7 million coins, even though a sharp drop in oil prices offers hope that lower inflation could make the Fed hold off on rate hikes and let BTC stay at $60,000.
On-chain data shows that more Bitcoin than ever before is being held at a loss. Two previous peaks in this cycle coincided with local price bottoms, so traders are watching to see if the pattern repeats.
Record number of Bitcoins are held at a loss
Glassnode data shows that Total Supply in Loss reached 10,694,567 BTC on June 25, the highest level that has been recorded.