Morning Edition · Sunday, June 21, 2026

Markets
Strategy's Preferred Stock Slips Below Par, Testing the Bitcoin-Treasury Funding Model
The STRC preferred shares that financed Michael Saylor's Bitcoin accumulation fell to about $83, and a small coin sale to fund dividends has reopened a debate about leverage.

Crypto
Ethereum's Most Notorious Trading Bot Is Drained of $7.5 Million by a Reverse Trap
An attacker fed the sandwich bot Jaredfromsubway.eth dozens of fake liquidity pools, then used the bot's own token approvals to take its funds.
Crypto
Privacy Chains Pitch Confidentiality as a Requirement, Not a Feature
Miden and Aztec are shipping designs that let users and institutions keep transaction data private while still proving compliance, reframing privacy as a basic requirement for serious onchain use.

Crypto
Ethereum Researchers Confront the Cost of Improvements No One Wants to Pay For
A new Ethereum Research proposal frames the network's funding of shared upgrades as a coordination failure and offers validators a way to redirect revenue toward fixing it.

Tech
Cheaper AI Tools Are Quietly Raising the Bar for Crypto Security
Researchers say the falling cost of auditing tools that use artificial intelligence (AI) could change what counts as reasonable diligence before code ships, even as attackers gain the same tools.

Crypto
A $24 Million Polymarket Windfall Revives the Oversight Question for Prediction Markets
Onchain analysts say three wallets profited heavily from World Cup bets, raising fresh questions about transparency as event-contract platforms court mainstream finance.

Crypto
Turkish Lira Stablecoins Outrank the Euro, Exposing Where Token Demand Actually Comes From
A Standard Chartered crypto unit processed $3.4 billion in lira-stablecoin transactions in 2025, a sign that demand follows currency stress, not regulatory approval.

Crypto
Morgan Stanley Sets a 0.14% Fee on Proposed Ether and Solana Funds, Inviting a Price War
The bank's amended filings undercut rivals on cost, signaling that the next stage of the crypto exchange-traded fund race will be fought on fees.

Crypto
Hester Peirce to Leave the SEC, Removing the Agency's Most Vocal Crypto Ally
The commissioner known as Crypto Mom will depart in November as the agency's rulemaking for digital assets remains unfinished.

Geopolitics
Bitcoin Holds Near $64,000 as Iran Again Threatens to Close the Strait of Hormuz
A renewed threat to close the Strait of Hormuz complicates US-Iran ceasefire talks in Switzerland and keeps a geopolitical risk premium attached to oil and other risk assets.

Crypto
Bitdeer Mines 921 Bitcoin but Keeps Little, Exposing the Squeeze on Miners
The miner's pivot toward AI computing may ease its selling pressure, but its shrinking coin stash shows how tight production economics have become.

Macro
A Resilient US Jobs Market Keeps Reading as a Negative for Bitcoin
Falling jobless claims reduce the case for interest-rate cuts, and under the new Federal Reserve leadership that translates into pressure on risk assets.