Day: 15 July 2025

Peter Schiff Labels Bitcoin Rally a “Speculative Pyramid Scheme” Amid Surging Corporate Treasury Buys

As Bitcoin surpassed the $122,000 mark in mid-July 2025, prominent economist and gold advocate Peter Schiff intensified his criticism of the flagship cryptocurrency, describing the recent rally as a speculative “pyramid” built on shaky foundations rather than genuine adoption. Schiff pointed to the surge being driven largely by corporate treasury ...

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Vanguard Becomes Largest Shareholder in Strategy Despite Bitcoin Skepticism

Vanguard Group, a financial powerhouse managing over $10 trillion in assets, has unexpectedly become the largest shareholder in Strategy (formerly MicroStrategy), a company famous for its heavy Bitcoin holdings. The investment giant now controls approximately 8% of Strategy’s outstanding shares, around 20 million in total, surpassing Capital Group Cos., according ...

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China Explores Yuan-Pegged Stablecoins in Major Digital Currency Shift

Chinese authorities have directed state-owned digital service providers and financial institutions to explore launching stablecoins backed by the yuan, signalling a potential recalibration of the country’s longstanding hardline approach to cryptocurrencies. According to sources cited by the South China Morning Post, officials are tasking state-owned giants, including Guotai Haitong and ...

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