Scan to download
BTC $59,304.91 -0.94%
ETH $1,586.95 +0.68%
BNB $550.63 -0.38%
XRP $1.04 -0.13%
SOL $73.87 +1.94%
TRX $0.3187 -1.47%
DOGE $0.0722 -0.41%
ADA $0.1446 +0.29%
BCH $200.63 +2.23%
LINK $7.27 -0.35%
HYPE $65.22 +4.40%
AAVE $89.27 -2.33%
SUI $0.6941 +0.34%
XLM $0.1807 +4.75%
ZEC $399.12 +4.45%
BTC $59,304.91 -0.94%
ETH $1,586.95 +0.68%
BNB $550.63 -0.38%
XRP $1.04 -0.13%
SOL $73.87 +1.94%
TRX $0.3187 -1.47%
DOGE $0.0722 -0.41%
ADA $0.1446 +0.29%
BCH $200.63 +2.23%
LINK $7.27 -0.35%
HYPE $65.22 +4.40%
AAVE $89.27 -2.33%
SUI $0.6941 +0.34%
XLM $0.1807 +4.75%
ZEC $399.12 +4.45%

stock

All
Article
Flash

StableStock launches leveraged spot trading feature, supporting stablecoin trading for over 700 global assets, with a maximum leverage of approximately 10 times

StableStock officially launched its leveraged spot trading feature today. Users can now directly use stablecoins to conduct leveraged spot trading on global market targets, accessing the real stock market through stablecoins.Leveraged spot trading supports zero interest for intraday trading: positions opened and closed before the end of the day's after-hours session do not incur interest, with only the overnight portion subject to interest calculation according to the rules, effectively reducing the holding costs for active traders. This covers major global markets, allowing for leveraged trading on over 700 targets, with a maximum leverage of about 10 times, including SK Hynix, Samsung Electronics, Zhizhu, and many popular US stocks; in addition to individual stocks, several short (inverse) ETFs are also included, providing options on both long and short sides.StableStock CEO Zixi stated: "Leveraged spot trading further connects stablecoin settlement with the real stock market, marking another step for stablecoins from being a settlement tool to becoming an entry point for real asset trading."Users must complete identity verification (KYC) and transfer funds to the leveraged account before use; interest calculation, forced liquidation, and other details are subject to the product page. Leveraged trading will amplify both gains and losses, so please use it cautiously.StableStock is supported by institutions such as YZi Labs, MPCi (Matrix Partners China), and Vertex Ventures, and currently supports trading on approximately 1,400+ global stock targets, with plans to continue expanding into more markets and categories.

Galaxy CEO: Strategy stocks and preferred securities have become key indicators for measuring Bitcoin market risk

According to a report by crypto.news, Galaxy Digital CEO Mike Novogratz stated that the core reason for Bitcoin's recent decline is the "collapse of confidence triggered by Strategy." The issue lies not only in the price of Bitcoin itself but also in the growing concerns in the market regarding Strategy's financing model.As the largest publicly traded holder of Bitcoin globally, Strategy's stock and preferred securities have become key indicators for traders to measure Bitcoin market risk. Previously, the company's Bitcoin flywheel effect had come under pressure, with stock trading prices dipping below the value of its Bitcoin holdings, indicating that its long-reliant "premium stock issuance to repurchase Bitcoin" model is being challenged. Novogratz bluntly stated that STRC trading is weak, which should have been maintained around $100. Currently, Strategy's annual dividend obligation has risen to about $1.2 billion, and a decline in cash reserves has reduced the dividend coverage period to only about 14 months.Bitcoin is also facing pressure on a macro level. Novogratz summarized the current market logic as "a strong dollar means a weak Bitcoin," with hawkish central bank signals and a strengthening dollar suppressing demand for risk assets. From a technical perspective, the $59,000 to $60,000 range for Bitcoin has become a critical defense line, and if it breaks down, the downward space could open up to $45,000.Novogratz also admitted that the current situation is complex, with a 50-50 probability of a rebound or a deep correction. Outflows from ETF funds, weak liquidity, and cautious positioning in the options market further confirm the fragile market sentiment. Now, the health of Strategy's balance sheet, the performance of STRC prices, and cash positions have evolved from being company-level issues to becoming confidence signals for the overall Bitcoin market.

Cryptocurrency stocks have fallen much more than large tech stocks: Coinbase and Circle have dropped 69% and 72% from their highs, respectively, and Bitcoin briefly fell below $60,000, intensifying pessimism

According to Cointelegraph, in the wave of declines in technology stocks, cryptocurrency-related stocks have suffered particularly severe losses, with the divergence from the broader market continuing to widen. Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72% from their respective historical highs, far exceeding the 48% to 57% pullback of mainstream tech stocks like Oracle, Salesforce, Netflix, and Palantir; in contrast, the S&P 500 index has only retreated 3.5% from its recent peak.On the fundamental side, Coinbase's first-quarter performance was significantly below Wall Street expectations, with a 21% quarter-over-quarter decline in revenue and a loss of $1.49 per share, while analysts had previously expected earnings of $0.27 per share. Bitcoin fell below $60,000 this week, down more than 54% from its October peak; Ethereum also dropped to around $1,500, down about 69% from last year's high, with market sentiment continuing to deteriorate.21Shares has lowered its 2026 cryptocurrency market expectations in its mid-year outlook report, believing that the performance of digital asset prices is significantly lagging behind the industry's fundamentals. The institution pointed out that institutional adoption is still deepening, with stablecoins, asset tokenization, and prediction markets maintaining strong development momentum, but the four-year market cycle of Bitcoin remains the dominant force in price trends. The report also acknowledged previous misjudgments—"the cycle of Bitcoin is evolving, but has not yet broken," retracting its earlier assertion that the four-year cycle was outdated.Analysts believe that the deep pullback in cryptocurrency stocks reflects the overall weakness of the digital asset market, the uncertainty of legislative progress in the U.S. cryptocurrency market structure, and the compounded pressure from the potential impact of AI technology on existing business models.

Ripple CEO: Still optimistic about Bitcoin, but the strategy of preferred stock financing has harmed the crypto market

According to CoinDesk, Ripple CEO Brad Garlinghouse stated in an interview with CNBC that he remains optimistic about Bitcoin but believes that Strategy's model of financing Bitcoin purchases through preferred stock has harmed the crypto market.Garlinghouse said, "Financial engineering will not drive long-term value." He believes that the long-term value of any digital asset comes from its utility and stated, "Michael Saylor's team is not focused on the right things, which harms the overall market."The focus of Garlinghouse's criticism is the financing mechanism used by Strategy to accumulate Bitcoin. For about the past year, Strategy has raised funds through the issuance of preferred stock to continue purchasing Bitcoin. Its STRC stock has an annual dividend yield of 11.5%, designed to trade close to $100.Garlinghouse pointed out that STRC is currently about 25% below that level, which is a "harsh denial" of the strategy. STRC hit an all-time low on Thursday, at one point trading about 26% below par value. Meanwhile, Strategy's common stock fell to its lowest level since February 2024, closing around $82 on Friday; Bitcoin dropped below $59,000.This week, Strategy's financing model is facing more pressure. CryptoQuant stated that Strategy should pause Bitcoin purchases and rebuild cash reserves. The coverage period for STRC dividend payments has shrunk from over 7 years to about 14 months. When STRC falls below $100, the mechanism of issuing stock and purchasing Bitcoin will stall, which is also the reason for the company to pause this mechanism.Benchmark-StoneX analyst Mark Palmer believes that Strategy's financing engine has simply become "less efficient," rather than having failed, and opposes comparing STRC to assets that have completely collapsed.
app_icon
ChainCatcher Building the Web3 world with innovations.