Saylor aims to make BTC the foundation of a new financial system by building a full market on top of it.
BTC serves as base capital, debt backed by BTC offers yield without BTC volatility, and BTC-based stablecoins generate interest. The key point is that BTC does not need staking or inflation, yield comes from financial instruments layered above the network.
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BTC serves as base capital, debt backed by BTC offers yield without BTC volatility, and BTC-based stablecoins generate interest. The key point is that BTC does not need staking or inflation, yield comes from financial instruments layered above the network.
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The financial instrument STRC linked to Michael Saylor is trading 14% below parity after he issued $7-8 billion in debt from February to May. Buyers of the 11.5% yield knew Saylor had two years of interest payments reserved.
In early May, Saylor repurchased other debt at a 6% discount, nearly wiping out cash reserves. This alarmed STRC investors, who saw him as reckless for spending funds meant to cover two years of interest elsewhere. Trust eroded as the instrument appeared funded for only six months.
Saylor then sold 32 BTC at $77K, triggering a sell-off that pushed Bitcoin below $60K. Even the US-Iran deal failed to revive BTC, which remains hostage to the drama around Saylor and the collapsing STRC bonds.
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Microsoft experts have identified a new malware called CryptoBandits that spreads through USB drives by replacing copied cryptocurrency wallet addresses with those of attackers.
Once infected, the virus can steal seed phrases and private keys, take screenshots, and execute commands from operators on the victim's device. Microsoft advises against using unknown USB drives and stresses verifying wallet addresses before sending funds.
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Jaredfromsubway is a top sandwich bot that front- and back-runs trades across many pools. An attacker exploited it by creating 100+ fake Uniswap V2 pairs with fake wrapped tokens, mimicking real pools but controlled by the attacker.
These fake routes gave Jared small real-token profits after each swap, tricking it into repeatedly back-running the attackerβs fake swaps. Jared had approved real assets like WETH, USDC, and USDT to these fake contracts and never revoked them.
The attacker gained 50 live allowances:16 for WETH, 20 for USDC, and 14 for USDT β then drained 4,759 WETH, 3.58M USDC, and 2.53M USDT, totaling about $14 million.
A clean play against the master sandwich bot.
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AndrΓ© Cronje and key figures are leaving the board of Sonic Labs (S). Cronje said he was always CTO, not a commercial founder, and is stepping back to focus on Flying Tulip.
New CEO Matt Visher and COO Costa Corkamelis promise transparent governance, a risk committee, and treating S token holders as stakeholders.
This reboot follows a -97% drop from Sβs all-time high and lost community trust.
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The US Senate passed a housing bill with an 85-5 vote that includes a four-year ban on the Federal Reserve issuing a digital dollar. The law prohibits the Fed from creating CBDCs or similar digital assets, either directly or through intermediaries, until the end of 2030.
Fed Chair Kevin Warsh called CBDCs a "bad political decision" during his confirmation hearings. Trump signed an executive order banning CBDCs back in January of this year.
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The Wall Street Journal reported that Polymarket paid bloggers to post videos showing supposedly successful bets on its platform. Journalists analyzed over 1,100 videos and claimed most of the displayed bets were fake.
The videos used clone websites mimicking Polymarketβs interface, and some creators showed "wins" using old footage and fake headlines. The campaign amassed over 140 million views on social media.
Polymarket paid bloggers to create fake videos showing winnings, according to WSJ analysis of 1,105 videos from 10 bloggers.
None of the bets were real, creators filmed fake wins on site copies costing $2β3,000 per month. In 118 videos, bloggers "earned" $900,000, while real bets would have lost $166,000.
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