LAB Token Collapses, Strike Launches New ‘Volatility-Proof’ Product, and More – Weekly Recap

WEEK IN REVIEW

‘I’m a Big Crypto Guy’: Trump Fields Bitcoin Question arsenic $1,000 Trump Accounts Go Live

President Donald Trump declared himself “a large crypto guy” erstwhile asked whether bitcoin could beryllium added to the recently launched Trump Accounts, arsenic helium rang… read more.

Editor’s comment:

Since reporting $1.4 cardinal successful crypto income, it has go precise wide to everyone that the President is so a “big crypto guy.” Whether helium plans connected putting crypto wrong the caller “Trump Accounts” remains to seen, arsenic nary integer plus constituent has been announced for the program.

OCC Clears Sony Bank to Open Connectia Trust for USD Stablecoin Business

Sony Bank has received conditional support from the U.S. Office of the Comptroller of the Currency (OCC) to unfastened a nationalist spot slope built … read more.

Editor’s comment:

Sony’s caller subsidiary is called Connectia Trust, which volition run arsenic a wholly owned portion of Sony Bank nether Sony Financial Group. It’s not precisely wide what Sony intends connected doing with its caller stablecoin. The institution vaguely stated: “The constitution of this spot subsidiary is intended to lend to the improvement of a medium‑ to long‑term concern instauration for the Sony Financial Group’s integer plus businesses.”

Jack Mallers’ Strike Cuts Bitcoin Loan Terms to 6 Months to Kill Price Liquidations

Strike CEO Jack Mallers rolled retired a caller bitcoin-backed indebtedness merchandise connected July 7 that removes price-triggered liquidations from… read more.

Editor’s comment:
The institution says the loans volition beryllium “volatility-proof,” and headdress LTV astatine 45% portion carrying a astir 2.95% complaint premium. The merchandise aims to amended connected its regular indebtedness merchandise that launched successful May 2025. Telling investors not to fearfulness liquidations connected products similar this sounds similar a large ask, but possibly Strike should beryllium fixed a chance.

Michael Saylor Declares Bitcoin Has ‘No Spam Problem’ arsenic BIP-110 Debate Escalates

This week, Strategy laminitis and bitcoin bull Michael Saylor turned to X to reason that Bitcoin has “no spam problem,” pointing to… read more.

Editor’s comment:

Given the tiny interaction connected the web of OP_RETURNs, Alex Thorn, Galaxy’s caput of research, said that “BIP-110 is an highly disruptive & unsafe response.” Currently, they lone marque up astir 0.1% of Bitcoin’s blockspace.

LAB Token Crashes 80% to $1.25 arsenic $5B Market Cap Vanishes successful 48 Hours

LAB Trade’s autochthonal token collapses 90% successful 48 hours, wiping retired billions successful market cap amid insider power and manipulation allegations… read more.

Editor’s comment:

Insiders destroying the terms and walking distant with billions of dollars has sadly go a communicative arsenic aged arsenic clip successful the crypto space. ZachXBT blasted the centralized exchanges for failing to measurement successful earlier things escalated with LAB: “If CEXs cared, profits from the accounts manipulating the terms would beryllium distributed to users astatine a minimum. Unlocks for investors were scheduled to statesman aboriginal this month, however, aggregate precocious vesting changes occurred successful the past.”