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Crypto

Bitcoin slips below $64,000 as dollar, ETF outflows raise focus on $62,000 support

Bitcoin fell below $64,000 and slid to around $62,000 intraday after the U.S. Federal Reserve signalled a more hawkish policy path. Risk assets weakened while the dollar index rose to its highest in more than a year, adding pressure on bitcoin. Options positioning ahead of June 26 expiry also weighed. Investors are watching whether $62,000 holds, while U.S.-listed spot bitcoin ETFs have recently posted net outflows.

Mobility

Bosch unveils hub motor for urban e-bikes, boosting connectivity and anti-theft features

Bosch has unveiled its first rear hub motor aimed at the urban electric bicycle market, expanding beyond its mid-drive focus for premium e-bikes. The new Hub Line drivetrain delivers up to 45 Nm of torque and weighs 2.3 kg, and is designed to adjust output based on riding style. It integrates with electronic shifting, automatic gearboxes and Bosch’s slim PowerTube 360 battery. Bosch also introduced an updated ConnectModule combining GPS, cellular and motion detection.

Crypto

Strategy\'s STRC preferred touted as bitcoin-backed asset, but critics liken it to unsecured junk credit product

Strategy’s income-producing preferred stock STRC is being sold as a bitcoin-based safe asset, but critics say it more closely resembles unsecured, subordinated securities with high credit risk. Bitcoin-linked preferred products including STRC and SATA have attracted about $15 billion, with STRC outstanding at about $10.7 billion. Critics cite no direct collateral claim on bitcoin holdings, discretionary dividends and questions over sustainability, alongside simulations showing elevated default and dividend deferral probabilities.