Sunday, June 21

Business

Is Strategy BTC-Buying Instrument in Trouble?

Bitcoin (BTC) has fallen roughly 50% since Michael Saylor’s Strategy launched Stretch (STRC), its flagship Bitcoin-funding vehicle, in late July 2025.BTC/USD monthly chart. Source: TradingViewKey takeaways:STRC is acting like a classic Ponzi scheme, argue Peter…

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Telecom infrastructure firms upgrade 2,000 base stations

Infrastructure companies supporting Nigeria’s telecommunications sector have upgraded equipment across more than 2,000 base stations as part of ongoing efforts to strengthen network capacity and improve service quality, the country’s telecom regulator said. The development comes as the sector plans…

Used vehicle imports near N250bn amid crackdown

Nigeria’s importation of used vehicles rose by 91.92 per cent to N249.84bn in the first quarter of 2026, amid the Federal Government’s intensified efforts to tighten controls on vehicle imports through a new mandatory certification regime. Data from the National…

Amazon Warning Triggered Anthropic AI Crackdown

The Trump administration’s decision to cut foreign access to Anthropic’s most powerful AI models was reportedly triggered by calls from Amazon CEO Andy Jassy.According to a report from The Wall Street Journal, Jassy contacted senior government officials on Thursday after…

Abia links reform drive to investor confidence

A Special Adviser to the Abia State Governor on Investment Promotion and Public-Private Partnerships, Jerome Green-Amakwe, has said the state’s recent governance and development initiatives are strengthening public confidence and attracting wider attention as Nigeria marked its Democracy Day. In…

Anthropic Mythos Security Audit Found No ‘Serious’ Bugs in Zcash: Wilcox

Zcash founder Zooko Wilcox said a security audit by Anthropic’s Claude Mythos artificial intelligence model found no serious vulnerabilities in the privacy-preserving cryptocurrency’s protocol.Requested by Shielded Labs, a Swiss-based non-profit supporting the development of Zcash, the AI security audit did…

Morpho’s 5M DeFi Round Tests Onchain Credit’s Future

Investors are increasingly backing stablecoin and credit infrastructure rather than decentralized finance (DeFi) lending alone, with Morpho Labs’ latest funding round drawing attention to onchain credit markets, according to Spark CEO Sam MacPherson.Morpho announced Tuesday that it raised $175 million…

Major crypto exchanges cancel SpaceX IPO allocations

Crypto trading platforms Bybit, Binance, Bitget Wallet and MEXC canceled their tokenized SpaceX IPO campaigns as SpaceX went public on the Nasdaq on Friday. SpaceX’s IPO, which was reportedly more than four times oversubscribed, raised $75 billion as it became a…

ETH Futures Bearish, But Staking, Corporate Demand Show Strength

Key takeaways:While bearish ETH futures trends and spot ETF outflows signal weak institutional appetite, staking demand prevents further decline.Falling exchange deposits and accumulation by BitMine indicate holder confidence in ETH’s long-term value.Ether (ETH) price failed to reclaim the $1,700 level…

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