The sharpest signals for crypto — what moved, and why it matters.
Wed, Jul 1
The TRUMP meme coin made Trump $635 million in licensing royalties. It now trades at $1.66, down roughly 98% from its peak. Someone got very rich; it wasn't the people who bought it.
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The specific mechanism here is the revenue-sharing model. Open USD promises to pass the earnings from its reserves back to every business that participates — Visa, Stripe, Mastercard, Coinbase, 140 companies in total. That's the knife.
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STRC's dividend has been hiked eight times, most recently to 12%, and it's still trading below its $100 face value — sitting at $83 last week after hitting a record low of $71. That's not a healthy preferred stock. That's a creditor that…
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