Here's a quick recap of the crypto landscape for Monday (June 29) as of 11:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Bitcoin price update
Bitcoin (BTC) was priced at US$60,001.17, down by 1.4 percent over the past 24 hours.
Chart via Investing News Network
Bitcoin price performance, June 29, 2026.
Ether (ETH) was priced at US$1,576.68, trading 1 percent lower over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.05, trading 0.3 percent lower in 24 hours.
- Solana (SOL) was trading at US$73.14, 1.9 percent higher over the past 24 hours.
Today's crypto news to know
Strategy announces capital framework, US$2 billion buyback program
Strategy (NASDAQ:MSTR) has authorized a new US$2 billion stock buyback program alongside a fresh "Digital Credit Capital Framework" to attract investors and reinforce its under-pressure preferred stock.
The company's board approved up to US$1 billion in repurchases of its Digital Credit Securities and another YS$1 billion for its Class A common stock under an open-ended program with no expiration date. Further, the newly unveiled framework includes a "Bitcoin Monetization Program" that allows management to sell up to US$1.25 billion of its Bitcoin holdings when deemed advantageous.
Proceeds from these digital asset sales will be utilized to build or replenish the company's cash reserves, fund preferred stock dividends, cover interest payments, and finance the stock buybacks.
Executive Chairman Michael Saylor clarified that while the firm remains fully committed to Bitcoin as its primary treasury reserve, its digital credit products require active capital management, discipline, and liquidity.
If the company executes the maximum US$1.25 billion Bitcoin sale, its cash runway would expand to cover approximately 26 months of dividend costs.
Tether, Ledn Partner to introduce gold-backed crypto loans
Tether has finalized a strategic partnership with cryptocurrency lending platform Ledn to roll out yield-free loans backed entirely by Tether Gold (XAUT).
The initiative allows XAUT holders to use their tokenized gold assets as productive collateral to borrow funds rather than being forced to liquidate their holdings in the open market.
Under the agreement, users can deposit their XAUT tokens to secure loans, while Ledn manages risk by continuously evaluating loan-to-value (LTV) ratios and using the exact same strict custody framework applied to its Bitcoin-backed loans.
Alongside the credit launch, Ledn has expanded its platform capabilities to let users seamlessly hold, trade, swap, receive, and repay loans utilizing Bitcoin, Tether Gold, USDT, and USA₮ directly on its platform.
XAUT is structurally backed 1:1 by one troy ounce of physical London Good Delivery gold safely stored inside Swiss vaults.
According to recent figures, Tether has issued over 8 million XAUT tokens and controls nearly 140 metric tons of physical gold worth roughly US$23 billion, making it one of the largest non-sovereign gold holders globally.
Ukraine transfers US$8.3 Million in seized crypto to state management
Ukraine has officially taken seized cryptocurrency into direct state custody for the first time, moving over $8.3 million in the stablecoin USDT into a digital wallet controlled by its asset-recovery agency, ARMA.
The Prosecutor General's Office confirmed the historic transfer via Telegram, marking the first time digital assets have been shifted to state management following a 2025 transparency overhaul of the agency.
The recovered USDT was tracked to wallets belonging to an international hacking ring accused of launching major cyberattacks across Europe and the US to steal confidential data and demand steep ransoms.
Criminal entities then allegedly laundered the illicit cyber proceeds within Ukraine by purchasing luxury assets, including real estate, high-value cars, and other premium property.
While the total estimated damages from the hacking group's operations exceed US$100 million, Ukrainian authorities have successfully detained four individuals, including the organizer, and seized over US$11.1 million in combined assets.
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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
