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Strategy's flagship preferred stock tumbled again when U.S. markets opened, setting another record low as Bitcoin lingered below $60,000.

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Crypto ETF flows deteriorated sharply on Thursday, June 25, as bitcoin ETFs posted a sixth straight day of outflows, with redemptions reaching $696 million. Ether funds also saw heavy exits, while HYPE and solana ETFs joined the selloff.

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Sharplink acquired 5,000 ETH for approximately $7.85 million, its first Ethereum purchase in eight months. The firm holds an unrealized loss of around $1.79 billion, given that the average purchase price is $3,609 per coin. Sharplink shares fell 3.5% on Thursday and are down 50% over the past six months.

 

Elon Musk has unveiled a promo video for the new financial service X Money, which turns the social network into a full-fledged bank alternative and challenges traditional fintech giants such as Venmo and Cash App. The platform offers savings accounts, instant payments, passwordless access via passkeys, and Visa debit cards with no foreign transaction fees.