Strategy said it held 840,447 $BTC as of Aug. 9 and has begun treating its Bitcoin reserve as a source of balance-sheet flexibility. Michael Saylor said Strategy sold $108 million in Bitcoin and $653 million in MSTR shares to increase its dollar reserve by $650 million, and repurchased $109 million of STRC, its variable-rate preferred
SkyBridge Capital founder Anthony Scaramucci agreed with Peter Schiff’s concerns on Tuesday about soaring U.S. debt and inflation, but favored Bitcoin over gold as the solution. Scaramucci Concerned Over US Financing Needs Scaramucci took to X to break down Schiff’s blog post on America’s fiscal outlook, highlighting elevated deficits and interest burdens. Scaramucci said Schiff’s
Ethena’s $USDe has quickly become a major source of dollar liquidity on Robinhood Chain, growing from about $17 million a month ago to roughly $253 million, or close to 43% of the chain’s stablecoin supply, according to The Block. The jump is notable because $USDe is more than a digital dollar. It is a synthetic
Crypto markets are facing slower activity as capital moves toward artificial intelligence, while tighter liquidity weighs on trading volumes. GSR Head of Markets Spencer Hallarn says cooling AI investment and Federal Reserve rate cuts could bring fresh liquidity back into crypto markets. Hallarn described the current environment as “a slow market,” noting that crypto activity
The Office of the Comptroller of the Currency (OCC) said on Aug. 11 that digital asset companies conducting legally permissible activities should have a route into the U.S. national banking system, as Comptroller Jonathan V. Gould renewed the agency’s push to revive new bank formation. Gould said in the OCC release that the regulator received
Public token sales have pulled in $1.42 billion so far this year, but the capital is not spreading widely across the landscape. Data from CryptoRank, cited in the original report, shows that five blockchain ecosystems account for roughly $1.34 billion, or about 94% of the total. The fundraising window may be wide open, but project
Following a 1.13% decline over the previous day, Bitcoin [$BTC] was changing hands at $64,215.20 at press time. Nevertheless, the annual decline of the top cryptocurrency is shocking, as it has decreased by 46.98% over the last 12 months. On the other hand, Spot Bitcoin ETFs have seen $52.098 billion in inflows since their launch