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Michael Saylor rejects Ethereum-style Bitcoin yield in new BTC framework

Strategy executive chairman Michael Saylor said Bitcoin does not need staking, inflation, or protocol-based yield to create returns for investors.  Summary Saylor says Bitcoin does not need staking, inflation, or Ethereum-style yield to reward investors directly. His Digital Asset Stack places Bitcoin below credit, money, yield, and equity products for investors. Strategy’s latest Bitcoin buy…

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Circle mints 1B USDC on Solana as weekly issuance hits 3.5B

Circle reportedly minted another 1 billion USDC on Solana on June 16, according to on-chain tracker Lookonchain.  Summary Circle reportedly minted 1 billion USDC on Solana, bringing weekly issuance to 3.5 billion tokens. Large USDC mints can signal higher demand for Solana liquidity, payments, and trading settlement activity. Circle’s Movement post links USDC-backed settlement to…

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IMF warns Nigeria stablecoin boom is testing monetary rules

The International Monetary Fund (IMF) said Nigeria’s rising stablecoin use has become a major cross-border payment channel for households and small businesses.  Summary Nigeria accounts for about 60% of sub-Saharan Africa’s stablecoin inflows since 2019, the IMF says. Dollar stablecoins help users move money faster, but may weaken demand for the naira locally. Regulators face…

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Ethereum price tests multi-year support trendline, can it reclaim $2,000?

Ethereum price has rebounded toward $1,800 after buyers stepped in near a multi-year support trendline while easing geopolitical tensions triggered a sharp recovery across risk assets. Summary Ethereum price surged more than 10% after the reported U.S.-Iran peace deal eased inflation concerns and pushed oil prices lower. ETH has rebounded from a key multi-year support…

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