Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Strategy’s new BTC capital framework drew Wall Street support even as traders question long-term demand risk. Cathie Wood's ARK Invest capitalized on the crypto market downturn, buying shares in Coinbase, Circle and Bullish and BNY expanded its Circle collaboration via the bank's digital asset custody platform.

Michael Saylor’s Strategy won support from some Wall Street analysts after unveiling a new capital framework, but the changes also sparked debate over the company’s long-term Bitcoin strategy and sustainability.

Benchmark Equity Research on Monday reiterated its Buy rating on Strategy’s Class A stock MSTR and maintained a 12-month price target of $570, according to a report reviewed by Cointelegraph.

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