Smart-contract and DeFi coins lead losses as bitcoin wilts for 4th straight day

Concerns about STRC, the dividend-paying preferred stock from Strategy continue to dominate market sentiment.

Melinda 1 hour ago 2 minutes read

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Smart-contract and DeFi coins lead losses as bitcoin wilts for 4th straight day

Concerns about STRC, the dividend-paying preferred stock from Strategy continue to dominate market sentiment.

By Omkar Godbole|Edited by Sheldon Reback

Jun 19, 2026, 10:47 a.m.

3 min read

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Summary

Major cryptocurrencies, including bitcoin and ether, extended declines for a fourth day, with broad CoinDesk indexes falling amid mounting selling pressure.
Market sentiment has soured on Strategy (MSTR) and its STRC preferred stock, as investors worry the company and stressed bitcoin miners may be forced sellers after months of sub-cost BTC prices.
Derivatives data show heavy long liquidations, elevated open interest, bearish funding rates and rising demand for protective bitcoin puts.

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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High

CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

By CoinDesk Research

Jun 15, 2026

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

Why it matters:

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

View Full Report