Odaily Planet Daily News: UK investment advisor Farside Investors stated that Strategy's STRC preferred product carries structural risks related to adjustable coupon rates and price stabilization mechanisms. STRC is primarily issued at around $100, with a mechanism designed to increase dividends when the price falls below $100 and decrease dividends when the price rises above $100, in order to guide the market price back to that level. Farside Investors noted that if investor concerns over Strategy's credit risk intensify, the STRC price could decline. Raising dividends to support the price would increase cash pressure and further undermine investor confidence in the security's valuation. STRC recently traded at around $75 before rebounding to $86. Strategy has launched the Digital Credit Capital Framework, which plans to establish a U.S. dollar reserve, raise STRC dividends to 12%, repurchase preferred securities at a discount, and authorize the sale of Bitcoin to help cover dividend payments and reserve funding.

Odaily reported that Musk has denied reports that SpaceX previously showed a prototype of a new AI device to investors.

Odaily reports that a Fox Business crypto reporter stated on the X platform that Wall Street is looking beyond the bear market, enforcement groups continue to hold talks on Clarity, and Trump’s crypto earnings have drawn criticism from Senate Democrats.

Odaily Planet Daily News: Federal Reserve Chairman Walsh is expanding his advisory team, with his latest appointment bringing US Treasury Secretary Bessent's senior aide, Samantha Schwab, into the Fed as an advisor. Samantha Schwab has served as Bessent's Deputy Chief of Staff at the Treasury Department since January 2025, and previously worked in the White House during President Trump's first term. Hailing from a financial family, Samantha Schwab is the granddaughter of Charles Schwab, founder of the Charles Schwab Corporation. The specific start date for this transfer has yet to be determined. The appointment has sparked discussions about a closer relationship between the Federal Reserve and the Treasury Department, especially given the context of Walsh and Bessent holding weekly meetings, with the market closely watching whether the central bank's independence will be affected.

Odaily reports that BitcoinTreasuries.NET posted on X platform, stating that Empery Digital EMPD indicated it may sell part of its 3,000 Bitcoin holdings to finance a $65 million AI data center project. The company currently has no plans to increase its BTC holdings.

Odaily Planet Daily News: Renowned tech analyst Dan Ives is leaving Wedbush Securities to launch a new venture, planning to build a "modern merchant bank" focused on AI opportunities. Ives stated that the new institution will integrate research, investment banking advisory, capital raising, and investment operations, providing integrated financial and research services for companies and investors around the structural transformation brought about by AI.

Odaily Odaily Planet Daily News Bloomberg ETF analyst Eric Balchunas posted on platform X that BFOR, the Barron's 400 ETF, has seen a large capital inflow. The fund, which had been established for 13 years with a scale of only $200 million, suddenly received a capital inflow of $600 million. The fund has outperformed the market so far this year, which may have attracted a certain model, but he is not certain. This shows that ETF scale can expand to four times its original size without affecting the premium rate.

Odaily reported that BitcoinTreasuries.NET posted on the X platform, stating that Adam Back just indicated that Bitcoin Standard Treasury (BSTR) is attempting to generate relatively conservative returns for Bitcoin through capital market strategies. Adam Back noted that, compared to other treasury companies, Bitcoin Standard Treasury (BSTR) will adopt a different approach.

Odaily reported that Bitcoin News posted on X platform, stating that BlackRock IBIT's BTC holdings have decreased by nearly 100,000 in less than two months. On May 6, IBIT's BTC holdings peaked at 822,736 BTC, and currently stand at 734,261 BTC.

Odaily reported that Brian Armstrong posted on X platform, stating that the U.S. Constitution is the most important political innovation in history, but it lacks two crucial elements: a cap on government spending growth and a requirement for a hard asset-backed currency. Without these two elements, every democracy tends toward more debt and eventually loses its reserve currency status, as seen in The Changing World Order. The U.S. national debt stands at $39 trillion and is increasing by approximately $1 trillion every 100 days. Currently, interest payments have exceeded the defense budget, and the existing mechanisms cannot stop this trend. Politicians get elected by promising free benefits funded by other people's money. Some voters benefit in the short term, while the negative impacts of spending are borne by future generations who have no voting rights. The incentive structure is already broken. Solutions include drafting new constitutions in frontier areas such as Mars, special economic zones, and cyberspace; adjusting incentive structures in existing systems through amendments, though this is politically challenging; or outpacing inflation through ultra-high economic growth driven by AI, robotics, and cryptocurrency.

Odaily reports that Robinhood has launched the public mainnet of its Layer 2 blockchain, Robinhood Chain, enabling tokenized stock trading in over 120 countries. It also introduced a decentralized lending product, Robinhood Earn, which offers approximately 7% yield based on USDG. Robinhood is expanding from its brokerage business into cryptocurrency, tokenized assets, and AI-driven trading.

Odaily reports that the Spanish National Securities Market Commission has authorized the cryptocurrency platform Venga to operate under the EU's Markets in Crypto-Assets Regulation, making it one of the few entities in Spain to have obtained MiCA approval. The MiCA transition deadline came into effect on July 1. Digital asset companies previously operating under national rules must now obtain formal approval under the new framework, or cease providing regulated services within the EU. This authorization allows Venga to offer services across the 27-member EU market based on a single regulatory framework. Michael Stroev, co-founder and CEO of Venga, stated that the MiCA review covered ownership structure, corporate governance, management suitability, risk frameworks, and product infrastructure. The EU previously had over 3,000 crypto companies registered as local virtual asset service providers. However, approximately 240 companies have now received full MiCA authorization, with fewer than 15 approved companies in Spain.

Odaily News: Tom Lee posted on X, expressing that he is pleased to see the Ethereum Foundation prudently addressing key issues related to financial infrastructure, economics, and the critical role of neutral blockchains like Ethereum in government and policy markets.

Odaily Odaily Planet Daily News Streamex Corp. announced that its gold-backed, tokenized yield-bearing security, GLDY, is now available for purchase through standard brokerage accounts. The product is distributed by Siebert Financial, a FINRA member broker-dealer, and custodied on the regulated digital securities platform tZERO. Streamex is offering the product to qualified investors. GLDY offers an annualized yield of up to approximately 3.5%, distributed monthly in the form of additional gold. The yield is generated by lending the underlying metal to commercial users such as jewelers, mints, and refiners. Streamex stated that GLDY was launched in February and began 24/7 secondary trading in May on Orca, a decentralized exchange on Solana. GLDY is currently available only to verified qualified investors as a regulated security. Streamex is building a tokenization platform for real-world assets and plans to launch a digital gold product for retail investors, which is expected to be tradable on decentralized exchanges like Jupiter, Meteora, and Orca.

Odaily reported that Bitcoin News posted on X, stating that nearly a decade after becoming an early adopter of the Lightning Network, Bitrefill is once again supporting a new Bitcoin payment network, adding Arkade payments that enable instant payments with zero fees.

Odaily Planet Daily reported that U.S. President Trump posted that Micron Technology has announced a $250 million investment in the Trump account, stating that this investment will help millions of American children and families achieve financial security, and that his policies are working and are a "tremendous success."