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Ethereum developer warns CLARITY Act uncertainty may trigger 15% selloff
Edgen Crypto·Jul 24 2026, 22:10Share to
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[1] Ethereum Builder Says CLARITY ACT Rumors May Be Potential Catalyst For Next Crypto Market Dump (https://zycrypto.com/ethereum-builder-says-cl ...)[2] Crypto Winter or the Big Crash? Where the Bitcoin Price Goes Now | Morningstar... (https://global.morningstar.com/en-eu/markets/ ...)[3] XRP Price to $15? CLARITY Act ‘Close’ to Passing With 21 Days to Avoid 2027 Dela... (https://finance.yahoo.com/markets/crypto/arti ...)[4] ...COIN) Is Up 8.9% After Leadership Shift And Tokenization Push Amid CLARITY Op... (https://finance.yahoo.com/markets/crypto/arti ...)[5] Will US Get CLARITY This Week? Bitcoin’s New $80K Target: Hodler’s Digest (https://cointelegraph.com/magazine/will-the-u ...)
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Jul 24 2026, 22:39
XRP tests $1.10 as Ripple MiCA license and ETF inflows shape outlook
XRP traded at $1.0887 on Thursday, testing the $1.10 level as Ripple's MiCA license approval coincided with a 3.46% decline over 24 hours. "A single authorization now passports across all 30 EEA countries, which means licensed firms get a genuinely borderless European market," Chagri Poyraz, chief strategy officer at OSL Group, said in an interview with BeInCrypto. Ripple Payments Europe received full authorization from Luxembourg's CSSF, joining 14 firms added to the European MiCA register and lifting the total of authorized crypto providers across the bloc to 294, according to ESMA data. The license unlocks passporting rights across 30 European Economic Area countries and pairs with Ripple's existing electronic money institution license in Luxembourg, allowing European banks, fintechs and corporates to collect, exchange and pay out through a single integration. XRP's market capitalization stood above $67 billion as of 16:41 UTC, with the token trading about 70% below its record high of $3.65. The MiCA license strengthens Ripple's regulated foothold in Europe, though the broader licensing momentum has cooled — ESMA added 37 providers on July 3, right after the transitional period closed, compared with just 14 in the latest update. Ripple holds more than 75 regulatory licenses worldwide, including approval from the UK Financial Conduct Authority secured in January. The company's European expansion comes as the MiCA framework reshapes which providers can serve the region — crypto-asset service providers operating under earlier national regimes had until July 1 to obtain authorization or begin winding down EU activities. The MiCA register already includes heavyweight traditional finance institutions such as BBVA, CaixaBank, Commerzbank and Standard Chartered Luxembourg, showing that established banks are building regulated crypto capacity across Europe. Portugal's Bison Bank, Croatia's state-owned Hrvatska poštanska banka and two German cooperative banks also appeared in the latest update. The regulatory progress has not translated into price momentum for XRP. The token remains about 70% below its all-time high, and markets stayed largely unmoved by the MiCA register update. ETF inflows into crypto products have provided some support, though the broader altcoin market faces headwinds from reduced stablecoin availability in Europe after Tether's USDT was dropped by EU exchanges rather than comply with MiCA's stablecoin rules. This article is for informational purposes only and does not constitute investment advice.
Jul 24 2026, 21:29
Strive's SATA rebounds to $97 as Samson Mow says Bitcoin bottom is in
**Strive's SATA preferred shares have recovered most of their June decline, trading within 3% of par as confidence returns to Bitcoin treasury financing models.** Strive's SATA preferred shares rose 16% to about $97 from a June low of $83.30, moving within 3% of their $100 par value, Yahoo Finance data shows. "I think every action that Strategy has undertaken to strengthen their balance sheet and encourage STRC to go back to par is also working," Jan3 founder and CEO Samson Mow told Cointelegraph. "But everything sort of works in tandem. I think as SATA returns to par, you're going to see STRC return to par too." Strategy's STRC, a similar variable-rate perpetual preferred stock launched in 2025, also fell sharply during the late-June selloff before recovering to about $87, though it remains below par. Strive holds 19,921 Bitcoin, making it the seventh-largest public corporate holder, while Strategy leads with 843,775 BTC, according to BitcoinTreasuries.NET. The improving performance of preferred-share products is part of a broader shift in the Bitcoin treasury sector, Mow said, pointing to Lyn Alden's Orange Juice treasury company — which launched July 15 with plans to operate a Bitcoin treasury — as evidence of firms entering the market with different approaches and a lower Bitcoin cost basis. ## Preferred-Share Model Faces Market Test SATA, introduced by Strive in November 2025, is a variable-rate perpetual preferred stock designed to trade near its $100 par value by adjusting its dividend rate. The structure allows Strive to raise capital for its Bitcoin treasury without issuing additional common shares. Strategy describes similar products as "digital credit." Mow said the recovery of SATA and STRC demonstrates that the preferred-share model remains viable. "Everyone is capitalized for three or more years of dividend payments... there was no reason to panic all along," he said. The rebound comes as Strategy raised $263.5 million through MSTR sales, further strengthening its balance sheet. Mow said these actions are beginning to restore confidence in preferred-share products, supporting his view that Bitcoin has already found its bottom. This article is for informational purposes only and does not constitute investment advice.
Jul 24 2026, 21:14
Strategy publishes -11.34% BTC floor rate as restructuring threshold
Strategy (MSTR) published a new metric showing Bitcoin could decline at a constant annual rate of 11.34% across the weighted duration of its credit structure before its modeled coverage ratio falls below 1.0x, potentially forcing a restructuring. The BTC Floor ARR, introduced as part of a broader metrics overhaul on July 23, represents the minimum sustained Bitcoin growth rate over the credit structure's duration before restructuring becomes a consideration, according to the company's investor relations head Chaitanya Jain. The figure stood at minus 11.34% as of 15:35 UTC on July 24. The metric sits within a suite of new "net" measures that strip out debt and preferred stock claims to show how much of Strategy's Bitcoin reserve belongs to common shareholders. The company's net reserve stands at $36.6 billion, calculated by taking its $55.6 billion Bitcoin reserve (843,775 BTC) and $3.2 billion in dollar reserves, then subtracting $6.8 billion in out-of-the-money convertible debt and $15.5 billion in notional preferred stock obligations — $22.3 billion in senior claims that rank ahead of common equity in a liquidation scenario. Strategy also introduced a Bitcoin Breakeven ARR of 3.22%, the rate at which Bitcoin gains would cover all interest and preferred dividend obligations indefinitely. The company's "flow rate" of approximately minus 11% estimates how far Bitcoin could fall before reserves stopped covering debt and dividends — closely aligned with the new Floor ARR threshold. Under the revised framework, the mNAV accretion threshold is permanently fixed at 1.0 times, with MSTR trading at roughly 1.02 times as of July 24. The metric overhaul arrives as Strategy navigates a prolonged downturn. Bitcoin traded near $65,000 on July 24, roughly 50% below its all-time high, while MSTR sat 84% below its November 2024 peak. The company's flagship preferred stock, STRC, has traded below its $100 par value since mid-May, recently changing hands near $85. Strategy has completed four consecutive weeks without a Bitcoin purchase as of July 19, instead raising $263.5 million through common share issuance to build a $3.225 billion cash reserve governed by its Digital Credit Capital Framework, which requires at least 12 months of expected preferred dividends and interest obligations to be covered. The explicit publication of a restructuring threshold introduces a transparent risk benchmark for the largest corporate Bitcoin holder. If Bitcoin experiences a sustained annual decline exceeding 11.34%, Strategy's modeled coverage would fall below 1.0 times, potentially forcing the company to restructure its credit obligations — a scenario that could pressure Bitcoin markets given the size of Strategy's 843,775 BTC position. *This article is for informational purposes only and does not constitute investment advice.*