News

BlockBeats news, on June 18, according to Bitget market data, the "Stretch" variable-rate perpetual preferred share STRC issued by Strategy (MicroStrategy) has severely depegged, setting a new recent low, with a closing price of $88.9. Reportedly, STRC is a preferred share used by Strategy to raise funds in the market to buy Bitcoin. Its nominal value is roughly pegged at $100, and it pays a relatively high dividend. The dividend rate is adjusted according to price movements, with the goal of keeping trading as close to nominal value as possible. The sharp depeg of STRC indicates the market is demanding a higher yield and also shows declining investor confidence in its credit/dividend stability. Strategy has previously relied heavily on issuing STRC to raise funds for buying Bitcoin; if the STRC price falls below nominal value, issuing new STRC becomes uneconomical for the company, equivalent to borrowing at a higher cost. Therefore, its "ability to continue buying coins" will be weakened. In response, Strategy posted data on social media, claiming: "The company's Bitcoin reserves are sufficient to cover 32 years of dividends" in an attempt to stabilize the market.

BlockBeats News, June 18th, according to data from the Solana ecosystem platform Syndica, the number of active developers on Solana has dropped by about 29% from the peak in May 2025, and is currently around 1,220 people. Despite the slight decline in the number of active developers, on-chain development activity remains high. The data shows that there were about 28,400 developer events in May, which is roughly 70% higher than the peak in August 2022. Development activities including code commits, Pull Requests, and code reviews are still significantly higher than the previous peak.

The New York Times published an analysis on the 16th stating that the Iran conflict has triggered “irreversible” changes and is accelerating the reshaping of the global energy order. According to the article, during the Iran conflict, oil and gas transportation in the Middle East was severely obstructed and international market prices soared. From the Gulf region to the Americas, energy-producing countries are racing to consolidate or strengthen their dominant positions, while energy-importing countries are striving to reduce dependence and increase supply. The article also notes that in regions such as Asia and Europe, countries dependent on energy imports have been heavily impacted and are urgently seeking alternative energy sources. For example, in South Korea and Japan, the consumption of non-clean fuels such as coal has increased in recent times. However, in the long run, the energy shock caused by the Iran conflict may accelerate the world’s transition to renewable energy such as solar, wind, and nuclear power. Compared to the last round of energy shock caused by the escalation of the Ukraine crisis in 2022, advances in battery technology and energy efficiency have improved the feasibility of the energy transition.