BlackRock told financial advisors that allocating roughly 1% to 2% of a portfolio to bitcoin can act as a “complementary diversifier” in long-term strategies. The firm said the digital asset’s role in portfolios is still evolving. It framed the suggested weighting as a limited position that can fit within a broader risk budget.

Strategy should suspend its bitcoin buying and rebuild cash reserves, Cryptoquant said, after the company’s dividend coverage slid from more than seven years to 14 months. The research firm pointed to preferred shares that have continued to trade below face value as a sign of investor caution.

Elon Musk’s SpaceX raised $25 billion in its first corporate bond sale, with investor orders approaching $90 billion. The financing came less than two weeks after the company’s record-setting initial public offering (IPO). SpaceX priced $25 billion of investment-grade notes on June 23 in a heavily oversubscribed deal.

The U.S. House of Representatives has approved the 21st Century ROAD to Housing Act, sending legislation to President Donald Trump that would bar the Federal Reserve from issuing a central bank digital currency (CBDC) through 2030. The measure folds the CBDC restriction into a sweeping housing package. The bill now heads to Trump for his signature.

Elon Musk’s net worth fell by roughly $150 billion in a single session after SpaceX shares slid 16%. The drop was part of a three-day decline that wiped out hundreds of billions in market value following the company’s record IPO. SpaceX closed at $154.60 after the move, the lowest level referenced in the summary.

The U.S. Senate passed the 21st Century ROAD to Housing Act late Monday by an 85-5 vote, adding a four-year prohibition on a Federal Reserve central bank digital currency (CBDC) to the broader housing package. The legislation now heads to the House, where lawmakers could vote within days.

South Korea’s Toss Bank has signed a memorandum of understanding with the Solana Foundation to test blockchain-based remittance and settlement infrastructure. Toss Bank, the country’s third-largest internet-only bank, said the agreement was signed in Seoul on June 19. The partners plan to start with a proof of concept focused on stablecoin-powered overseas transfers before any broader rollout.

U.S. banks reported $325.1 billion in unrealized losses on investment securities at the end of the first quarter of 2026, according to the Federal Deposit Insurance Corporation. The total rose for a second consecutive quarter even as the industry generated $80.5 billion in net income. The FDIC said $214.5 billion of the losses sat in held-to-maturity portfolios and $110.6 billion in available-for-sale securities.

U.S. Senator Cynthia Lummis is urging colleagues to pass the Digital Asset Market Clarity Act, saying it would protect software developers from prosecution for simply publishing code. In a statement shared on June 22, she highlighted the legal exposure faced by developers behind DeFi tools, wallets and other onchain services. Lummis argues that without clearer rules, routine engineering work can be treated as criminal activity after the fact.