BNY Adds Circle’s USDC to Digital Asset Custody Platform
BNY has added Circle’s USDC to its Digital Asset Custody platform, giving institutional clients a single setup to hold, transfer, mint and redeem the stablecoin.
The move expands BNY’s role beyond safeguarding USDC reserves and brings stablecoin activity closer to traditional banking infrastructure.
For Circle, the partnership strengthens USDC’s position in institutional finance at a time when banks and asset managers are increasingly treating stablecoins as payment and settlement rails, rather than standalone crypto assets.
SpaceX to Join Nasdaq 100 Index on July 7
SpaceX is set to join the Nasdaq 100 index on July 7, adding another major stock-market catalyst to the broader risk-asset calendar.
The inclusion could trigger fresh demand from index-tracking funds and ETFs that follow the Nasdaq 100. The move also comes shortly after SpaceX’s public market debut, making it one of the fastest major IPOs to enter the index.
For crypto traders, the update matters because SpaceX has become a key high-growth market signal. Any strong move in the stock could influence sentiment across risk assets, including crypto-linked equities and Bitcoin-adjacent market trades.
Strategy May Sell Bitcoin to Fund Dividends and Buybacks
Michael Saylor’s Strategy has unveiled a new capital framework that allows it to sell part of its Bitcoin holdings to fund dividends, debt costs, cash reserves and stock buybacks.
In a Monday SEC filing, Strategy said it may monetize up to $1.25 billion in Bitcoin while raising the STRC preferred stock dividend rate to 12% from 11.5%.
The company said its cash reserve now stands at $2.55 billion, enough to cover about 17 months of preferred dividends and interest payments. Saylor said the reserve, combined with the Bitcoin monetization capacity, gives Strategy up to $3.8 billion in coverage.
Strategy did not buy any Bitcoin last week. Its holdings remain unchanged at 847,363 BTC, purchased for $64.1 billion at an average price of $75,651 per Bitcoin.
Bitcoin Slips Below $60K as Trading Volume Jumps 72%
Bitcoin slipped below the $60,000 level after repeated attempts to reclaim the mark, keeping traders focused on whether the latest move is a brief pullback or another failed breakout.
According to CoinMarketcap BTC traded at $59,444.15, down 0.92% over the past 24 hours. Its market capitalization stood near $1.19 trillion, while 24-hour trading volume jumped 72.1% to $25.57 billion.
The rise in volume shows that activity picked up as Bitcoin moved back under the psychological $60K level. That makes the next few hours important for market direction, especially with major altcoins still taking cues from BTC’s momentum.
For now, $60,000 has turned into the immediate resistance zone. A clean move back above it could support a broader market rebound, while continued weakness may keep Ethereum, XRP, BNB and Solana under pressure.
