Strategy Inc.'s STRC preferred stock hit an intraday low of $82.53 Thursday, while Uniswap's UNI token surged 23% in 24 hours following a Standard Chartered forecast predicting 37x growth in decentralized finance assets. The moves came as The Digital Chamber reported 71% of Latin American institutions now use stablecoins for cross-border payments and Illinois enacted a 0.2% tax on all crypto transfers starting Jan. 1, 2027. Standard Chartered's institutional DeFi outlook triggered renewed interest in governance tokens, while the Illinois tax raised concerns about regulatory competitiveness. The developments highlight diverging regional approaches to crypto integration as traditional financial institutions increase their DeFi exposure.
STRC Drops to $82.53 Intraday Low
STRC, Strategy Inc.'s variable-rate preferred stock designed to hover near $100, printed a fresh intraday low of $82.53 Thursday. The drop tests the credit structure built by Michael Saylor, with analysts warning of deeper stress ahead.
UNI Surges 23% Following Standard Chartered DeFi Forecast
The Uniswap utility token (UNI) jumped over 23% in 24 hours to pass $3.60, pushing its seven-day gains to nearly 50% and its market cap to $2.2 billion. The rally followed a Standard Chartered forecast projecting 37x growth in DeFi assets, which the bank expects will drive proportional increases in governance token valuations.
Latin American Institutions Adopt Stablecoins for Cross-Border Payments
According to The Digital Chamber, 71% of Latin American institutions now use stablecoins for cross-border payments. The report states this adoption level will be further driven by incoming regulations that integrate crypto into traditional financial solutions.
Ethereum Trades 14% Below 2017 High Adjusted for Inflation
Pseudonymous trader Pentoshi stated that ether sits near the same level it traded nine years ago. When adjusted for inflation, Ethereum currently trades 14% below its 2017 high.
Illinois Enacts 0.2% Crypto Transfer Tax Starting 2027
Illinois enacted a 0.2% tax on digital asset transfers that will apply whether a trade ends in profit or loss, beginning Jan. 1, 2027. Governor JB Pritzker signed the measure into law.
FAQ
What did STRC trade at on Thursday?
STRC hit an intraday low of $82.53 Thursday. The variable-rate preferred stock was designed to hover near $100.
How much did UNI increase in 24 hours?
UNI jumped over 23% in 24 hours to pass $3.60, pushing its market cap to $2.2 billion. The token's seven-day gains reached nearly 50% following Standard Chartered's forecast of 37x growth in DeFi assets.
When does the Illinois crypto transfer tax take effect?
The 0.2% tax on digital asset transfers in Illinois begins Jan. 1, 2027. The tax applies to all transfers regardless of profit or loss.
