Strive Says Leverage to Blame for Price Plunges for SATA, Bitcoin Giant Strategy's STRC

Strategy has maintained an 11.5% dividend rate for May on its perpetual preferred stock, Stretch (STRC), for the third consecutive month, with a VWAP close to its $100 par value. STRC, marketed as a high-yield savings alternative, aims to reduce volatility and stay near its par value.

Strategy CEO Phong Le suggests using mortgages to invest in Stretch (STRC) for its 11.5% annual dividends, comparing it to a paycheck. However, STRC has no principal repayment guarantees, and dividends can be suspended at any time.

According to a report by TRM Labs, North Korean hackers have stolen over $6 billion from crypto projects since 2017, with two heists in April accounting for 76% of all crypto hack losses. The attackers used sophisticated tactics, including exploiting a Solana feature and launching denial-of-service attacks.

Data from X reveals that crypto is the most muted topic on the platform's "For You" feed, surpassing politics and global conflict. The snooze feature allows users to hide unwanted topics for 24 hours, with mixed responses from users and creators.

Polymarket has partnered with Chainalysis to implement blockchain-based surveillance tools to detect insider trading and ensure compliance. The collaboration includes investigative tools, on-chain threat prevention, and a detection model identifying patterns of insider knowledge.

Kalshi rose to the fourth-largest US sportsbook in March based on adjusted handle per-adult, surpassing well-known operators like BetMGM and Bet365. Despite claiming not to be a sports betting company, Kalshi's growth in the prediction market sector is undeniable.

MegaETH, a layer-2 scaling network for consumer-facing projects, launched its token with a market capitalization of $176 million. The project's unique token rollout strategy ties token release to network performance metrics like total value locked and speed of transactions.

Elizabeth Warren criticized World Liberty Financial for its ties to a crypto project linked to individuals sanctioned by the US. The Trump family-affiliated crypto company denied any wrongdoing, as Democrats use crypto to target Republicans.

Tether Investments proposed a triple merger involving Twenty-One Capital, Strike, and Elektron Energy to create a leading Bitcoin company. The merger would combine significant Bitcoin holdings, financial services, and mining infrastructure under one public entity.

Gemini has obtained a Derivatives Clearing Organization license from the CFTC, enabling the exchange to internally settle prediction market wagers and derivatives trades. This license allows Gemini to expand its product offerings, potentially including more complex products like perpetual futures.