STRC Falls to $82.53; Uniswap Rallies, Illinois Approves Tax

STRC, a variable-rate preferred stock issued by Strategy Inc. and linked to Michael Saylor’s bitcoin credit structure, dropped to an intraday low of $82.53 on Thursday. The security was designed to trade near $100, and the decline drew attention to the funding and collateral mechanics that support the broader credit arrangement. Analysts warned that additional price weakness could increase credit pressure on instruments tied to the preferred stock.

Uniswap’s native token UNI rose more than 23% in 24 hours to trade above $3.60, lifting seven-day gains toward 50% and pushing its market capitalization to about $2.2 billion. Traders attributed the move to renewed institutional interest in decentralized finance after a forecast projecting a large increase in assets moved to DeFi platforms. Market participants said that outlook helped boost demand for tokens linked to decentralized exchanges.

Illinois Governor J.B. Pritzker signed legislation enacting a 0.2% tax on every transfer of digital assets, to take effect Jan. 1, 2027. The tax applies whether a transaction results in a profit or a loss. Industry groups warned the levy could influence where startups locate and increase compliance burdens for exchanges and wallet providers. One industry representative described the tax as “burdensome for exchanges and wallet providers.”

A report found that 71% of financial institutions in Latin America are using stablecoins for cross-border payments. The report said incoming rules that integrate crypto tools with traditional finance are expected to accelerate stablecoin use among banks and payment firms in the region.

Analysts noted ether’s inflation-adjusted price is roughly 14% below its 2017 high and near its nine-year median. Commentators contrasted adoption of the Ethereum protocol with the performance of ETH as a tradable asset, and debate continues over how network activity affects token prices.

The week’s market moves included stress in token-linked financing, a strong DeFi token rally, rising stablecoin use for cross-border payments in Latin America, and a state-level tax change that will affect digital-asset transfers in Illinois beginning in 2027.