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Strategy (MSTR) has launched its third perpetual preferred instrument, the Series A Stride Preferred Stock (STRD), as it continues building out a structured yield curve for its capital stack. With a 10.00% non-cumulative fixed dividend and perpetual duration, STRD aims to provide long-term, high-yield exposure positioned between the firm's senior preferred (STRF) and convertible preferred (STRK) offerings.Unlike STRF, which offers a senior claim and is designed to be overcollateralized with lower volatility—comparable to investment-grade securities STRD is junior in seniority but delivers the highest yield of Strategy’s preferred offerings. STRK, by contrast, sits between the two in both risk and return, offering an 8% fixed dividend and convertibility. At the base of the capital stack lies MSTR, the firm’s common...

The Blockchain Group (ALTBG), listed on Euronext Growth Paris and known as Europe’s first bitcoin BTC treasury company, has bought 624 BTC for approximately 60.2 million euros ($68.8 million). This move follows two major financing operations: a reserved capital increase and a convertible bond issuance.On May 20, 2025, the Group raised 6.8 million euros through a private placement, enabling the acquisition of 80 BTC. Shortly after, on May 26, a convertible bond issuance brought in 55.3 million euros subscribed by Fulgur Ventures used to purchase an additional 544 BTC.As a result, The Blockchain Group and its Luxembourg-based subsidiary now hold a total of 1,471 BTC, valued at roughly 131.9 million euros (averaging 89,687 euros per bitcoin). Since the beginning of...

BCB Markets, the trading arm of crypto payments firm BCB Group, has inked an agreement with Societe Generale–FORGE to distribute EURCoinVertible (EURCV), a euro-linked stablecoin developed by the French banking giant’s digital asset subsidiary, the company said in a press release on Tuesday.The move marks another step toward broader adoption of fiat-linked digital assets, as institutions look for stablecoin alternatives beyond the U.S. dollar.Launched in April 2023, EURCV is among the first stablecoins to comply with the European Union’s Markets in Crypto Assets (MiCA) framework, which came into effect this year, BCB said.Backed by cash reserves and pegged to the euro, EURCV is intended for institutional use and aims to bring stability and regulatory clarity to the stablecoin space in...

XRP’s XRP ballooning open interest reflects a surge in speculative activity and hints at a potential price breakout in the near term, market watchers say, as the token trades around $2.20 as of Tuesday morning.“XRP’s open interest has surged to nearly $5 billion (over the weekend), indicating increasing speculative activity as traders take sizable positions in the derivatives market,” Bitget chief market analyst Ryan Lee said in a message to CoinDesk.“This spike suggests strong potential momentum, with market participants bracing for a decisive move," he added.XRP’s price is currently trading in a tight consolidation range — often a technical precursor to breakouts — while consistent spot buying pressure adds to the bullish sentiment. Historically, similar setups in XRP have resulted...

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.Bitcoin BTC is trading around $106,402.39 as Asia begins its trading day, up roughly 0.9%, recovering slightly from a weekend decline attributed to significant outflows from spot Bitcoin ETFs and increased geopolitical uncertainty. The largest digital asset by market cap had previously dropped 2% from $105,987 to $103,748 amid notable trading volume spikes, influenced by $616 million in ETF outflows, marking the end of BlackRock's iShares Bitcoin Trust's 31-day inflow streak, and heightened tensions from stalled U.S.-China trade...