Strategy sells 3,588 BTC for $216M to fund dividends
Saylor's first-ever on-chain sale of $216M did almost nothing to a market busy digesting Trump's open pivot back to the industry ahead of midterms and a record $1.79T stablecoin month.
Market-moving crypto headlines from the last 24 hours.
Saylor's first-ever on-chain sale of $216M did almost nothing to a market busy digesting Trump's open pivot back to the industry ahead of midterms and a record $1.79T stablecoin month.
The profit margin is what stings: roughly $4.4M of spot buying on Bybit and Binance bought just enough quorum to pass a self-serving proposal and walk away with 4.426T $BONK.
A $4M vote-buy blitz executed through a proposal sat dormant for six days, then drained roughly $20M in BONK from the DAO treasury, exposing how thin voting power in a memecoin governance can be.
The plan to vault US Bitcoin at the Treasury is on hold while the Justice Department's Office of Legal Counsel decides who actually has the statutory right to hold and manage sovereign BTC.
The language matters: "structure" signals the executive branch is now framing the reserve as operational policy rather than a one-off legislative proposal, putting a Treasury-built crypto stockpile…
Bloomberg reports legal and jurisdictional questions over whether the Treasury can lawfully manage a federally-held bitcoin reserve, even as the plan was always framed around seized coins, not new…
The exploit rode a passed proposal through BonkDAO's own voting mechanism, a structural hit that turns governance itself into the attack surface.
The revived fraud claim targets Silbert personally and DCG as a defendant; consumer protection claims in four states were dropped, three others paused, narrowing the case to a sharper fight.
The August recess deadline turns a still-pending market-structure bill into a calendar problem: every week of inaction now means weeks more of the SEC-CFTC turf war the bill was written to end.
The CME FedWatch shift flips the post-cut consensus: markets now price in no 2026 easing, with the first cut pushed into 2027 as inflation and a tight labour market keep Powell anchored.
At the heart of the shift is a framing swap: from treating the assets as the threat to letting American investors pick the winners under US law.
The two flows run in opposite directions at the same moment: Saylor funds an S&P 500 chase by trimming the BTC treasury, while Tom Lee's Bitmine quietly crosses 5.7M ETH on its balance sheet.
A 32-day window is the runway for the first comprehensive US crypto market-structure bill: agencies, exchanges, and DeFi builders all want clarity on who regulates what, and the calendar is now the…
Ki Young Ju's data shows each bull cycle now absorbs more capital for less upside, with ETFs bleeding $10B since May and BTC down 50% from its October peak near $126K.
Trump family-backed American Bitcoin crosses 8,000 BTC as it leans into a Hut 8 partnership, even as its stock has shed more than 60% year to date.
The roadmap targets millions of validators and a roughly 6-byte state footprint, but the four-year horizon puts the payoff beyond the current cycle and any near-term ETH price catalyst.
The president framed the industry as strategic on the world stage, the strongest pro-crypto signal from the White House yet and a marker of how far the policy stance has shifted in 12 months.
Visa's onchain dashboard puts USDC near triple USDT's share and total adjusted volume past $8.8T in H1 2026, with Standard Chartered and BNY now building around Circle's rails.
Public endorsement frames crypto as a US-vs-China race while sidestepping the WLFI and mining ventures that have drawn bipartisan Hill scrutiny.
The headline is the $8.32B Q2 loss, but the more consequential read is that Strategy appears willing to sell into a weak tape to defend STRC's 12% dividend, removing the largest corporate bid from a…