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Bitcoin Developer Coalition Floats BIP-361 to Freeze Quantum-Vulnerable Wallets. Bitcoin’s current quantum defense plan seeks to solve a future threat at the detriment of its most sacred rule. - 💸
Tether Leads $150M Drift Post-Hack Recovery Effort. The recovery plan includes the issuance of another Drift token and will see the Solana-based perpetuals exchange adopt USDT. - 🇺🇸 CFTC's Selig Credits AI Efficiency Amid Staffing Crunch. Proper enforcement in markets remains a "top priority" for the federal derivatives regulator.
| Prices as of 6pm ET | 24hr | 7d |
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Crypto $2.53T | ↗ 0.7% | ↗ 4.0% |
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BTC $75,097 | ↗ 0.2% | ↗ 3.7% |
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ETH $2,349 | ↘ 0.9% | ↗ 6.1% |
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Depending on who you ask, STRC is either "the greatest ponzi known to man" or "mathematically the best risk-return credit instrument in the entire $200T+ credit market."
This so-called “perpetual preferred stock” currently pays its shareholders 11.5% annual dividends, accruing monthly, and is backed by the full faith and credit of BTC treasury behemoth Strategy.
While STRC experienced another ex-dividend drop on Wednesday, effectively shutting off Strategy’s access to this lucrative funding spigot, the DATCo already secured an estimated $1.2 billion via STRC earlier this week, enough capital to fund the purchase of ~17.2k bitcoins.
Understanding STRC
STRC (pronounced “Stretch”) is a publicly traded security on Nasdaq Exchange.
A modern marvel of financial engineering, STRC touts extraordinary yield for income-focused investors – conveniently packaged as a relatively stable instrument that helps Strategy raise capital to buy more bitcoin without...
Emerging markets provide some of the best yield on Earth. Opportunities shouldn't be constrained by geography or capital. Brix provides access to real yield, not made-up onchain mechanisms. Let the Yield Flow.
