OVERVIEW

Crypto Is Up But Not Emotionally Available 🛋️

Here’s What’s Happening 👇️

Today’s top trending tickers: $SOL ( ▲ 6.58% ) , $WLFI ( ▲ 2.0% ) , $RAVE ( ▲ 37.67% ) , $RE ( ▲ 23.3% ) , and $CRO ( ▲ 0.57% )

STOCKTWITS
24 Hour Tug Of War - Stocktwits Data In Action 🥊

Our data is insanely powerful because it’s unique. It’s unique because it’s proprietary to our platform and filled with over a decade and a half of users like you posting about what you love investing in.

And trolling. Lot’s and lot’s of trolling.

Our data has power because it can’t be copied.

It was built here, inside Stocktwits, over more than 15 years of real investors saying what they believe, what they’re watching, what they’re buying, what they’re avoiding, and what they care.

And trolling. Lot’s and lot’s of trolling.

It’s proprietary. It’s behavioral. It’s alive.

And eventually, with the Stocktwits MCP, that data becomes even more useful. You’ll be able to build with it, query it, chart it, and visualize it in real time.

• Who’s bullish.

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The future of market data will be about what traders said and believed before it traded.

And that means you’ll eventually be able to create and visualize things like who is bullish and who is bearish throughout the day:

NEWS
Strategy Will Now Sell Bitcoin To Pay Its Bitcoin Bills 🤦

$MSTR ( ▲ 12.6% ) dropped another major presser - a five-part "Digital Credit Capital Framework," which is a lot of branding for a pretty simple confession. The company that made never selling Bitcoin (well, not to sell your BTC…) its entire personality just built itself a button to sell Bitcoin.

Let’s look back for a minute.

To buy all the $BTC ( ▲ 1.61% ) they have, Strategy issued a tower of preferred stock - $STRF ( ▲ 9.02% ) , $STRC ( ▲ 12.2% ) , $STRK ( ▲ 10.6% ) , $STRD ( ▲ 5.18% ) - at coupons running 8 to 10 percent and up. Add the interest on the debt and the company now owes about $1.76 billion a year in payments. Bitcoin, of course, pays you nothing to sit there.

So the cash to service the Bitcoin-buying paper has to come from somewhere, and somewhere is now a Board-blessed program to sell the Bitcoin. A $2.55 billion cash reserve walled off for dividends and interest - about 17 months of coverage, call it 26 if you count the BTC they're cleared to dump.

And because it makes sense to do something nutty when your worth less than the asset you hold, they also jacked the STRC dividend to a 12 percent.

Strategy says "Bitcoin is capital." Sure it is. Capital you sell to pay the people you borrowed from to buy the capital.

RWA
Finally, An RWA You Can Put In A Warehouse 🏪

Most of the RWA stuff getting tokenized lately is financial paper. Treasuries, money funds, private credit - the safe, liquid stuff, where there's nothing physical to verify. Now there’s a physical agricultural trade.

Physical commodities are fragmented, the paperwork's a nightmare, and "verified inventory" usually means somebody swears the grain's in the warehouse. Maalexi's fix is IoT (Internet of Things) monitoring on the goods, counterparty scoring, AI trade intelligence, settlement enforced on-chain.

They've been running it live for three years across the UAE, Saudi, India and the US. 4,000-plus smart contracts on $AVAX ( ▲ 4.83% ) , 70% repeat customers, a stack of USPTO patents. Real cargo.

This week they raised $2.8 million, led by Tawuniya - Saudi Arabia's biggest insurer - with Global Ventures back again and a Series A being teed up.

The verification layer is live, but the exchange itself, MAATEX, is still getting built. And $2.8 million isn't moving mountains. But of everything you could wrap in a token, a verified container of real commodities beats another tokenized T-bill.

NEWS
USDC Gets The Oldest Bank In America 🤯

$BNY ( ▲ 0.17% ) oversees $59.4 trillion in assets. It's basically the custody layer for the whole financial system, the place where 90 percent of the Fortune 100 and nearly every major bank parks what it owns.

As of this week, it'll also mint and burn $USDC ( ▼ 0.01% ) .

It is the first stablecoin on BNY's digital asset custody platform. Clients can hold USDC in the same custody wallet they already use, and tell Circle - through BNY - to turn dollars into USDC or USDC back into dollars.

Store it, move it, mint it, redeem it, all in one place.

In a lot of ways, this isn’t overly surprising because BNY was already the primary custodian for $CRCL ( ▲ 3.25% ) ’s reserves, the dollars sitting behind USDC. Now it holds the USDC too, and works the conversion switch both ways.

Most of the stablecoin news this year has been crypto-native firms bolting access onto the edges. This goes the other way. The oldest bank in the country just decided USDC is one more thing it holds for clients, filed next to the treasuries and the equities. 

I definitely wouldn’t have thought this would be a thing back in 2018. But here we are.

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

🪙 Circle Adds Native Dollars To One More Chain

Native USDC, EURC, and $CRCL ( ▲ 3.25% ) CCTP transfer protocol went live on $CRO ( ▲ 0.57% ) , Crypto.com's L1, with native USDC set to become the settlement layer for an upcoming mobile trading app. Circle.

🔐 Security Researcher Gently Explains That Your Coding Agent Will Do Things You Told It Not To

Solid writeup on why running autonomous coding agents invites key theft: prompt injection through a poisoned AGENTS.md, hallucinated rm -rf, even purpose-built sleeper models. Ya, I have no idea what that all means, but the point Stark is making is that running autonomous coding agents directly on your machine is risky because they can hallucinate and delete files, be manipulated through prompt injection to steal API keys and crypto private keys, or be secretly malicious due to compromised training by state actors. Starknet.

🔓 Privacy Coin Admits Exchanges Couldn't Integrate It, Then Ships The Fix

$ZANO ( ▼ 0.94% ) ’s Hard Fork 6 adds Gateway Addresses - an account-style address giving exchanges and bridges a single tracked balance and instant sync, removing the wall that kept Zano off integration lists. Everyday user privacy is untouched, and native ZANO gets trustless, non-custodial bridging to Ethereum, TON, and Solana, replacing the old centralized wrapped bridge. Zano.

NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙

📋 1inch Writes The RWA Due-Diligence Checklist Everyone Buying Tokenized Treasuries Skipped

Worth a read if you touch tokenized RWAs: a clear walkthrough of what you own behind the ticker - the issuer, the thing your claim runs against, whether transfers can be frozen, whether you can redeem directly. The point lands - a token marked "freely transferable" can sit on a security with restricted-investor rules underneath, and on-chain data won't show you the legal envelope. 1inch.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending News 🏦

🤝 IO Hands Off A Cardano Protocol

Mithril - the certificate-based protocol that lets new $ADA ( ▲ 2.43% ) nodes and wallets sync in minutes instead of days - moves from IO to Teragone, a team that's worked on it since the early releases. The handoff fits IO's pattern of pushing workstreams to specialist partners through Intersect. Cardano.

🔚 Chainlink Optimizes Resources

Chainlink is winding down the Build program's token rewards and switching to commercial deals paid in $LINK ( ▲ 3.35% ) , with proceeds programmatically bought into LINK for the Chainlink Reserve. Strip the "higher-priority economic initiatives" wording and the read is plain: staker payouts in project tokens end July 7, and a buy-LINK-for-the-Reserve takes their place. Chainlink.

NEWS IN THREE SENTENCES
Protocol News 🏦

⛏️ Zcash Miner Plots Nasdaq Debut In A Network Where Three Pools Already Run 80% Of Blocks

This week's $ZEC ( ▲ 6.51% ) digest runs long on community links, but there were some things of note: Fortitude Mining is going public through a HeartSciences merger, and on-chain options and perps for ZEC went live on both Derive and Kalshi. Zcash.

OLD NEWS
Other Stuff That Happened Today, But A Long Ass Time Ago ⌛️

June 29

• 1520 - Aztec emperor Moctezuma II died in Tenochtitlan

• 1613 - Shakespeare’s Globe Theatre burned down

• 1644 - The Battle of Cropredy Bridge hit the English Civil War

• 1888 - The earliest known musical recording was made

• 1956 - Eisenhower signed the Federal-Aid Highway Act

• 1972 - Furman v. Georgia effectively voided U.S. death penalty laws

• 1974 - Isabel Perón was sworn in as Argentina’s leader, becoming the Western Hemisphere’s first female head of government

• 2007 - Apple released the first iPhone

• 2009 - Bernie Madoff was sentenced to 150 years

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Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLD, NEAR, INJ, LTC, LINK, ZEC, XLM, and FET. 📋