STRC Plunges to $82.53 as UNI Surges on DeFi Forecast

STRATEGY INC.'s (STRC) variable-rate preferred stock dropped to $82.53, testing Michael Saylor's bitcoin credit machine as analysts warn of deeper stress.

The Uniswap utility token (UNI) rose 23% in 24 hours to pass $3.60, pushing its seven-day gains to nearly 50% and its market cap to $2.2 billion after Standard Chartered forecasted a 37x increase in DeFi assets, which would theoretically pump UNI by a similar amount.

Latin America extended its lead in stablecoin use for cross-border payments, with 71% of institutions now using stablecoins for this purpose, according to The Digital Chamber.

Ethereum (ETH) trades flat over nine years and 14% below its 2017 high once inflation is counted, with pseudonymous trader Pentoshi branding it a 'cursed asset stuck in a lost decade.'