Shares of Coinbase, Riot Platforms and CleanSpark plunged amid a broader market sell-off driven by weak jobs data, inflation concerns and renewed tariff threats. Shares of US crypto companies fell sharply on Friday amid a broader sell-off in risk assets, driven by disappointing economic data and renewed tariff threats.Shares of Coinbase (COIN), Riot Platforms (RIOT) and CleanSpark (CLSK) dropped between 7% and 16% in Friday trading. The declines mirrored broader market weakness, with the Dow Jones Industrial Average losing over 600 points, the S&P 500 falling 1.6% and the Nasdaq Composite down more than 2% in early trading.Coinbase’s losses extended a sell-off that began after hours on Thursday, following the company’s disappointing quarterly results. The crypto exchange reported $1.5 billion in revenue for the second quarter, but transaction volumes fell, weighing on results. Read more Source: cointelegraph.com (Read Full Article)

The company continues to accumulate BTC through corporate equity and debt offerings, but class action lawsuits against Strategy are mounting. Bitcoin (BTC) treasury company Strategy has expanded the scope its STRC offering twice since issuing the corporate security on July 22. The company announced an at-the-market offering of up to $4.2 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), a hybrid corporate security, to purchase more BTC on Thursday.STRC is a dividend-paying security with variable yields that has no set maturity date and can be called or redeemed by the company under specific conditions, making the terms of repayment flexible, according to Thursday’s announcement. Read more Source: cointelegraph.com (Read Full Article)

While continuing to voice economic warnings, Bridgewater founder Ray Dalio recently increased his recommended allocation to Bitcoin and gold to 15%. Billionaire investor Ray Dalio has said his goodbye to Bridgewater Associates, a hedge fund giant he founded 50 years ago.Dalio sold his last remaining stake in Bridgewater and stepped off its board, The Wall Street Journal reported on Thursday.After buying Dalio’s shares, Bridgewater reportedly issued new shares to the sovereign wealth fund of Brunei in a multibillion-dollar deal that brought it an almost 20% stake in the company.Read more Source: cointelegraph.com (Read Full Article)