Strategy reports $13B loss, Bitmine $10B loss amid market decline

The US House Ways and Means Committee has released a set of seven crypto tax discussion drafts aimed at giving more structure to how digital-asset investors are taxed in the country.  The effort is intended to clarify rules around timing and treatment, an area where crypto-related tax questions have often left investors and tax professionals […]

Grayscale's warning highlights potential market volatility and investor caution as Strategy's leveraged Bitcoin model faces financial strain. The post Strategy faces stress test as Grayscale warns leveraged Bitcoin model may force further sales appeared first on Crypto Briefing.

The XRP monthly relative strength index has fallen to 41.64, the lowest reading the indicator has ever recorded for the token — lower even than the 43.75 it hit in March 2020, when XRP bottomed out at $0.11 during one of crypto’s worst bear markets. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy A Signal With A Caveat The current reading edges out that 2020 low, but it is not yet final. June is still open, and data shows that if XRP recovers to above $1.30 before the month ends, the RSI could close well above its current level, which would undercut the significance of the signal entirely. XRP market commentator Austin, who goes by that name in the XRP community, was the first to flag the RSI drop publicly. His initial chart showed the reading had fallen to 42.64 — itself a new all-time low at the time — as XRP slid to $1.18. Prices dropped further since then, pulling the RSI down to 41.62 at last check. The token is currently trading around $1.1

Greece has prepared plans for a 15% cryptocurrency capital gains tax as officials move to bring digital assets into the country’s tax system. According to a report, Greece’s Finance Ministry is drafting legislation that would impose a 15% tax on…

US government backing of Bitcoin could accelerate institutional adoption, but Strategy's evolving approach highlights potential financial risks. The post Strategy CEO Phong Le highlights US government support for Bitcoin appeared first on Crypto Briefing.

Japan's yen weakness could destabilize global markets, impacting digital assets and forcing policy shifts amid economic and political pressures. The post Japan’s yen weakness raises concerns for policymakers despite record intervention spending appeared first on Crypto Briefing.

Strategys STRC hit a record low as Bitcoin fell below $60K, pressuring MSTR shares and its preferred stock structure. The post Strategy’s STRC sinks to record low as Bitcoin selloff drags crypto market lower appeared first on Crypto Briefing.

Crypto markets endured further pressure this week as the sell-off spread to some of the industry’s largest digital asset treasuries (DATs). As of Friday, Bitcoin (BTC) had slipped back below $60,000 for the first time since 2024, Ethereum (ETH) was trading around $1,550, and Hyperliquid (HYPE) was near $57.  While the declines weighed on the broader market, the impact has been most visible in the large treasury companies associated with BTC and ETH—specifically Strategy (MSTR) and Bitmine (BMNR).  Hyperliquid Strategies (PURR), however, has continued to post gains on an unrealized basis, highlighting how its performance still outpaces the market’s major benchmarks. Hyperliquid Strategies Avoids The Worst With $1.2B Gains According to Artemis data, Strategy and Bitmine are carrying significant unrealized losses of about $12.8 billion and $10.3 billion, respectively. In contrast, Hyperliquid Strategies is positioned differently.  Artemis data further indicates that Hyperliquid Strategies