Assessing Digital Credit Market, Cuomo's Next Act: Crypto | Bloomberg Crypto 6/23/2026
Speakers
Matt Cole
— Chairman and CEO, Strive
Maria
— Bloomberg Reporter
Lindsay Lin
— COO, Dragonfly
Ashley Ebersole
— Co-Founder, RWA Marketplace TX; Former SEC Senior Counsel
Summary
Bloomberg Crypto covers the crypto selloff, pressure on digital asset treasury companies, Strive CEO Matt Cole's bullish Bitcoin and digital credit (STRC) thesis, the CME lawsuit against the CFTC over perpetual futures, prediction markets growth and insider trading concerns, Andrew Cuomo's tokenized equity venture with OKX and the NYSE, Meta's plan to build a prediction markets app, softened UK stablecoin rules, and the outlook for the Clarity Act.
- Bitcoin and broader crypto selloff erases post-election gains, sending Bitcoin below $62,000.
- Digital asset treasury companies like Strategy and 21 Capital face heavy drawdowns and scrutiny over their models.
- Strive CEO Matt Cole sees Bitcoin at a historic buying opportunity near its 200-week moving average.
- Cole highlights Strive's aggressive Bitcoin accumulation and the launch of STRC, a daily-dividend digital credit product.
- CME Group sues CFTC over the approval of Kalshi's Bitcoin perpetual futures, alleging regulatory circumvention.
- Prediction markets surge on World Cup betting, raising insider trading and market integrity concerns.
- Meta reportedly building a prediction markets app, adding competition to Polymarket and Kalshi.
- Bank of England softens stablecoin rules with a £40bn issuance cap, replacing individual holding limits.
- Legislation like the Clarity Act faces time pressure before midterms; industry wants broader tokenization framework.
Ideas
Strive amplifies Bitcoin upside.
Strive common equity is designed to amplify Bitcoin exposure. The company has grown its Bitcoin holdings from 5,000 to 20,000 during the bear market, demonstrating a working strategy that should outperform when Bitcoin recovers.
Bitcoin near bear market end.
Bitcoin is trading at its 200-week moving average, which has historically marked the end of bear markets. Underlying fundamentals have never been stronger, and Strive is aggressively accumulating Bitcoin in the current pullback.
STRC digital credit income play.
STRC is the first listed security to pay a daily dividend, reducing volatility. It is backed by an 18-month cash reserve, providing double-digit income based on Bitcoin risk. Even in a 50% Bitcoin drawdown, STRC has held up well, and the digital credit market could reach trillions.
