Crypto News

Big banks are making it harder and more expensive for consumers to use fintech and crypto apps, which amounts to what could be seen as "Operation Chokepoint 3.0."That’s according to Alex Rampell, General Partner at venture capital firm Andreessen Horowitz (a16z). In its latest fintech newsletter, Rampell pointed to traditional financial institutions charging high fees to access account data or move money, particularly to services like Coinbase or Robinhood, as a move to strangle the competition."Under the Biden administration, Operation Chokepoint 2.0 tried to debank and deplatform crypto," Rampell said. "That era has ended, but now the banks are aiming to implement their own Chokepoint 3.0 — charging insanely high fees to access data or move money to crypto and...

The cryptocurrency market experienced a significant downturn after starting the week positively, with many top digital assets declining by double digits. TRX was the only top 20 digital asset to gain, rising by 2.7%, while toncoin increased by 8.9%. Tariffs and Jobs Data Spark Market Rout After starting the week brightly, the cryptocurrency market closedSource link

Strategy (MSTR), the bitcoin-focused corporate entity formerly known as MicroStrategy, launched its Perpetual Stretch Preferred Stock (STRC) late last month — an offering Executive Chairman Michael Saylor has described as the company’s “iPhone moment.” The STRC preferred stock has already raised $2.5 billion, and a newly opened $4.2 billion at-the-market (ATM) program could extend its scale even further — offering high-yield dividends backed by bitcoin and designed to appeal to yield-seeking investors.What is STRC, and how does it work?STRC (marketed as “Stretch”) is a variable-rate, perpetual preferred stock designed to deliver stable pricing, strong yield, and easy access for income-focused investors seeking indirect bitcoin exposure. The shares pay a monthly dividend—initially set at 9% annualized—based on a $100 par value....

The latest figures reveal that the stablecoin economy expanded by 5.33% in July, with a $13.537 billion boost added over the course of the month. USDe, USDf Steal the Spotlight With 62.55% and 103% Jumps in One Month The stablecoin market keeps expanding, and if another $2.589 billion flows in next week, it’ll cross theSource link

Bitcoin miners had a profitable month in July, JP Morgan analysts noted in a report, as the price of the digital coin broke a new record.Source link