Yield Guild Games to Sunset Web3 Publishing Arm YGG Play, Pivot to AI Data Economy
Yield Guild Games (YGG) announced that it will sunset its web3 game publishing business unit, YGG Play, by August 1, 2026, following a prolonged crypto market downturn. The organization will redirect its resources toward the artificial intelligence (AI) data economy…
France Télévisions to Air Esports World Cup Live From Paris Starting July 7
Key Takeaways France Télévisions starts daily Esports World Cup coverage on France 2 and france.tv on July 7. The 2026 tournament in Paris carries a $75 million prize pool across 25 tournaments and 24 games. Team Falcons won the 2025…
Peter Schiff Warns Strategy’s 840K Bitcoin Holdings Could Bring ‘Much Greater’ Losses
Key Takeaways Peter Schiff said the bitcoin sale marks a risky shift in Strategy’s model that could increase realized losses if more BTC is sold. Strategy sold 3,588 bitcoin for about $216 million, raising concerns about further selling pressure. Analysts…
LANDBANK Waives InstaPay, PESONet Transfer Fees Starting July 7
State-run Land Bank of the Philippines (LANDBANK) has eliminated transaction fees for retail online fund transfers via InstaPay and PESONet effective July 7. The state-owned lender announced that the zero-fee policy applies to transactions executed through its online retail channels,…
Bitcoin Miner Stress Hits ‘Historically Rare’ Level as 20% of Miners Operate at a Loss
Key Takeaways Similar miner-stress declines appeared near bitcoin bottoms in 2015, 2018 and 2020. JPMorgan estimates bitcoin has traded below its $78,000 production cost for five straight months. Vaneck found past hashrate contractions preceded median 90-day returns in the high-40%…
UnionBank Waives InstaPay Person-to-Person Transfer Fees Starting July 7
Union Bank of the Philippines (UnionBank) will eliminate transaction fees for real-time person-to-person fund transfers through the InstaPay network starting July 7. The Aboitiz family-led lender announced the policy update through an official advisory, joining other commercial banks that have…
Blackrock’s IBIT Sees $773 Million Weekly Exit as Bitcoin ETFs Lose $527 Million
Key Takeaways Bitcoin exchange-traded funds (ETFs) lost $527M, with Blackrock’s IBIT driving an 8th straight weekly outflow. XRP, Solana and HYPE ETFs gained, showing selective demand beyond bitcoin. Blackrock’s ETHA helped ether recover, but ETFs still ended the week with…
Prediction Markets Surge Over Folarin Balogun’s Suspended FIFA Red Card
Key Takeaways FIFA suspended Folarin Balogun’s red card, fueling a prediction market with $300K in trading volume. Trump admitted calling FIFA’s president to review the ban, sparking controversy over political interference. Belgium officially contested Balogun’s eligibility, threatening further actions for…
Bitcoin Rebounds Above $63,500 After Strategy’s $216M Sale Triggers $214M in Short Liquidations – Bitcoin News
Key Takeaways Strategy sold 3,588 bitcoins for $216 million between June 29 and July 5 to fund preferred stock dividends. The sale sparked a brief Monday dip to $61,246, liquidating $214 million in short bets across the crypto economy. Bulls…
42,197 ETH Acquired as Bitmine Builds $11.1B Crypto Treasury While Strategy Sells
Key Takeaways Strategy sold 3,588 BTC on Jul. 5 to fund preferred stock dividends. Bitmine added 42,197 ETH, bringing holdings to 5.74 million ether. Tom Lee targets 5% of ethereum supply as institutional treasury models evolve. Strategy Breaks With Its…
