Bitcoin treasury company offers 10% income and still can’t sell nearly half its shares

Swedish Bitcoin treasury firm B Treasury Capital AB expects its new BTC PREF preference share to start trading on the Spotlight Stock Market on Monday, July 20. Investors left 47.7% of the rights offer unfilled, so the market will soon reveal what buyers are willing to pay for a new route to funding further Bitcoin purchases.  Investors subscribed for 102,025 of 195,078 shares, or 52% of the offer, according to the issuers July 2 result. The issue produced about SEK 12.2 million ($1.26 million) gross and SEK 11.9 million ($1.23 million) net, compared with a maximum of roughly SEK 23.4 million ($2.42 million) gross.  The 10% issue yield faces a price test  BTC PREF pays SEK 1 per month, totaling SEK 12 per year on the SEK 120 subscription price. If paid as scheduled, the official terms indicate an annual cash yield of 10% at issue.  The same scheduled payment produces a different indicated cash yield at each market price. At SEK 100, SEK 12 represents 12%; at SEK 90, it represents about 13.3%. Dividends may be deferred, however, and unpaid shortfalls accumulate without interest ahead of dividends on Class B common shares. The calculations are therefore neither guaranteed returns nor total returns.  A drop

07-18Industry

The payment war shifts to distribution as stablecoins reach mainstream status

“Both Stripe and PayPal do approximately the same amount of payment volume, but Stripe has about one-fifth the net revenue,” Hadick said. “From a financial perspective, this is obviously accretive, and it helps them connect their merchant processing business, which is at risk of being commoditized, with a broad subset of PayPals more than 400 million accounts.”  Hadick also cautioned that executing a deal of that size would be difficult. “M&A integration in something of this size is incredibly hard,” he said.  Beyond merchant payments  Eric Queathem, CEO of Velocity, said the acquisition would also give Stripe access to one of the worlds largest consumer payments ecosystems, providing a platform to expand beyond merchant payments.  The proposed acquisition would also determine who controls the consumer side of blockchain-based payment infrastructure, complementing Stripes existing merchant network and stablecoin capabilities.  Several executives said the competitive focus has shifted from proving blockchain technology works to controlling distribution.  Pankaj Bengani, founder and CEO of Meld, agreed with Larbi that the race is on.  “The race has shifted from proving the technology works to owning distribution,” said Bengani, adding that “stablecoins have graduated from experiment to core payments infrastructure.”

07-18Industry

Apple overtook Nvidia as largest public company this morning

Apple overtook Nvidia as the world‘s most valuable publicly traded company after it hit an all-time high of $334.95 per share just 10 minutes into Friday’s trading session.  This valuation put the company above $4.92 trillion.  At the same time, Nvidia traded at $199.38, down 4% from Thursdays close. This valued the company at $4.83 trillion — more than $100 billion behind Apple.  Although it was an all-time high for Apple, it wasn‘t its first time atop the world’s leaderboard. It was also the worlds most valuable publicly-traded company in April 2025.  Nvidia has worn the crown for the vast majority of the past year, including 12 months since June 2025.  Discover more  Distributed & Cloud Computing  investment  Stocks & Bonds  The switchover had more to do with Nvidia dropping than Apple rallying. Apples shares barely moved in morning trading, whereas Nvidia dropped more than 3%.  Apple rewarded for conservative AI spending  Wall Street spent July backing away from AI‘s biggest spenders and reallocating to stalwarts. Apple entered Friday up 22% this year, far outperforming Nvidia’s more modest 7% after Nvidias 2025 outperformance.  Investment has slowly rotated out of pure AI names into memory component makers like Micron and Sandisk.  A bit of discretion about spending on AI has benefited Apple.  HSBC upgraded Apple

07-18Industry

Bitcoin Q4 Bottom Seen Near $44,000 in New Cycle Memo

Bitcoin News  Bitcoin (BTC) may not carve out its cycle low until the fourth quarter of 2026, according to a newly circulated cycle memo from analyst Benjamin Cowen that has formally shifted into bottom-watch mode. The analysis places the next major floor near $44,000, inside a $44,000 to $47,000 band flagged one week earlier. The core argument is that the reset now hinges on time rather than a single price level, implying the market could grind sideways-to-lower before a durable low prints. For those tracking Bitcoin and the broader Bitcoin tape, the memo reads current conditions as a floor-building phase, not confirmation that the correction has ended.  Much of the caution centers on the 200-week simple moving average, a roughly four-year average price long used to gauge deep-cycle support. Bitcoin briefly slipped below that line during a summer flush toward $57,000, then rebounded to around $65,300 to reclaim it. The memo warns that this breakdown-then-reclaim sequence also appeared in 2022, yet the final low arrived well after the recovery. In other words, reclaiming a major long-term average is not, by itself, a signal that a bear market phase has concluded. The reclaim buys time and stability, but it does not close the

07-18Industry

CLARITY Act odds stay under 35% as Republicans push for Senate vote

Bettors have given the CLARITY ACT a below-even chance of becoming law this year, despite consistent efforts by Republicans on the Hill for a vote. Democrats continue to stonewall over reservations about the bills ability to restrain President Trump from making crypto profits.  According to Polymarket, the Digital Asset Market Clarity Act (H.R. 3633) has a 34% chance of being signed into law in 2026. Approximately $1.9 million has been traded since January 11, when the markets opened.  Polymarket odds on CLARITY Act passing this year. Source: Polymarket.  Republicans are wildly optimistic about the bills passage. Rep. Bryan Steil and Senator Cynthia Lummis. Have spoken in recent times in support of the CLARITY ACT.  Discover more  Stocks & Bonds  Fintech  Content Management  Rep. Steil was quoted as saying that it is “absolutely essential that the United States sets the gold standard for regulation in the digital asset space.” Sen. Lummis drummed up support for the draft on X, saying, “We wrote the Clarity Act to give law enforcement more tools, not fewer.” She went on to state how the bill makes provision for investigators to freeze illicit funds within hours.  The math problem the bill has to solve  The bill currently does not have enough votes in the Senate for

07-18Industry

Bitcoin liquidity clusters determine BTCs price direction as futures flow fuels price

Increased activity across Bitcoin‘s (BTC) futures markets is playing the dominant role in its short-term price action, which keeps tracing back to where leveraged positions are stacked. Prices tend to gravitate toward where liquidity is most concentrated, and as Bitcoin battles to hold above $64,000, reviewing current liquidation scenarios may provide insight into BTC’s next move.  Liquidation heatmap data shows a cluster of short positions concentrated between $65,500 and $66,000, roughly 3% away from current market pricing. A push through $65,600 may put that shelf in play and could accelerate a larger rally toward $67,000.  Below market pricing, support is layered in the $63,500 to $63,750 range, with the closest cluster 1% away, and larger liquidity pools are found at $63,000-$63,250 (about 1.5% down) and $62,500-$62,750 (about 2.3% down).  Combined, long-side liquidity across the tracked window outweighs short-side liquidity by nearly two to one, potentially signaling that the bulk of a leverage built up over the past month hasnt fully closed out.BTC liquidation heatmap, one-month lookback. Source: Hyblock  In the most bearish scenario, a wide liquidation band near $55,000 (which has built up over the full month lookback) is visible and stands out more than almost anything else on the chart. This magnet could

07-18Industry

SUI Price Prediction: Dead Cat Bounce or Liquidation Cascade — Bears Hold the Edge at $0.73

Felix Pinkston  Jul 17, 2026 08:43  SUI is pinned at its pivot after a 63% collapse from Januarys $2.00 highs, with momentum flatlined and retail crowding the long side dangerously — a tactical bounce toward $0.75–$0.77 is possible,…  The Immediate Setup  SUI opens the July 17 session at $0.73, clinging to its pivot point after a 2% overnight bleed on $18 million in Binance spot volume. That volume figure alone tells you everything: nobody is showing up. For context, back in early January 2026 when SUI ripped 43% to reclaim $2.00, daily volume exploded to $1.8 billion. Today were running at exactly 1% of that. The crowd has gone home.  What you have right now is a coin that has lost 63% of its value from those January highs, is trading 28% below its 200-day SMA at $1.02, and is doing so in near-silence. Momentum has flatlined — the MACD histogram has compressed to zero, with both lines stacked on top of each other in what can only be described as directional paralysis. The RSI sitting at 46 confirms the same: not oversold enough to scream buy, not rolling over hard enough to confirm fresh distribution. The single tactical bright spot is the Stochastic, where

07-18Industry

TRUMP price slides toward $1.50 despite Trump's $1.4B crypto windfall

Official Trump [TRUMP] extended its broader downtrend this week, with the memecoin trading near the key $1.50level as bearish momentum continued to weigh on its price.  The decline stands in stark contrast to the financial performance of U.S. President Donald Trumps broader crypto ventures.  A Reuters analysis of financial disclosures found that Trump received more than $1.4 billionfrom Trump-family crypto ventures in 2025, including income linked to World Liberty Financial and the TRUMP memecoin.  TRUMP struggles to reverse bearish price trend  At press time, TRUMP was trading around $1.53on Binance, placing the memecoin within touching distance of the psychologically important $1.50level.  The 12-hour chartshowed a sustained bearish structure stretching back to May. After trading around $2.50in early May, TRUMP recorded a series of lower highs and lower lows, interrupted by a brief rally towards $2.40in June.  That recovery proved short-lived, however, as sellers regained control and pushed the token steadily lower.  Source: TradingView  TRUMPs Relative Strength Index [RSI] stood at 35.67, indicating that bearish momentum remained dominant. However, the indicator was approaching the oversold threshold of 30, potentially making the $1.50region an important area to watch for buyers.  A decisive breakdown below this level could reinforce the existing bearish structure. Conversely, holding $1.50could provide a base for an attempted

07-18Industry

Trump aide allegedly made $100K betting on 12 speeches before anyone knew

The White House placed longtime teleprompter operator Gabriel Perez on unpaid administrative leave on July 16 after ABC News reported allegations that he used advance access to President Donald Trumps prepared remarks to earn more than $100,000 on Kalshi.  Sources told the network that the alleged trading covered more than a dozen speeches over roughly three months and that Perez is discussing a potential settlement with the Commodity Futures Trading Commission. The CFTC declined to comment.  Kalshi said its surveillance team promptly flagged, investigated, and referred the trades to the CFTC. NPR separately reported, citing unnamed sources, that the exchange froze about $90,000 and banned Perez from the platform.  Related Reading  Kalshi freezes insider accounts as $1.5 billion Super Bowl trading tests market integrity  The CFTC regulated platform is publishing enforcement like CME, signaling that integrity infrastructure is becoming the product.  Feb 26, 2026 · Gino Matos  Detection without a public clock  Kalshis system appears to have caught something unusual, investigated the account, and sent evidence to the federal regulator. The missing piece is when each step happened.  Discover more  Photo & Image Sharing  Stocks & Bonds  Content Management  ABC News, The Associated Press, and NPR do not say when Kalshi first flagged the account, when trading was restricted, or when the referral

07-18Industry

XRP Withdrawals From Binance Hit Highest Level Since 2024

XRP withdrawal transactions on Binance jumped to 54.5% this week, the highest share since 2024, echoing the exact setup seen before last summers 66% rally.  Something shifted quietly on Binance this week. Traders pulling XRP off the exchange now outnumber the ones sending it in by the widest margin since the summer of 2024, and somehow the token barely blinked.  On July 17, Binances share of XRP withdrawal transactions climbed to 54.5%, the highest reading in roughly two years. That edges past the previous high of 53.2% set on June 20, 2025, according to a CryptoQuant quicktake published by contributor Amr Taha.  Deposits Tell the Opposite Story  Binance‘s XRP deposit transactions slid to 45.4%, below the prior low of 46.7% recorded during that same stretch last June. Put the two numbers together and the withdrawal-deposit gap now sits at 9.1 percentage points, versus 6.5 points a year earlier, roughly 40% wider by CryptoQuant’s math.  The pattern isnt confined to one exchange either. All-CEX withdrawal transactions reached 53.01%, nearly matching the 53.09% mark from June 2025, while deposit share across centralized exchanges broadly returned to somewhere near 46.9%.  Binances own withdrawal share now runs about 1.49 percentage points above the all-exchange average. Its 9.1-point gap between withdrawals

07-18Industry
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