Technique sells 3,588 Bitcoin for $216M to fund dividends
Michael Saylor’s Technique offered 3,588 Bitcoin (BTC) to fund most popular inventory dividend funds and replenish its money reserves.
Technique offered the Bitcoin for $216 million, decreasing its whole holdings to 843,775 Bitcoin, in keeping with a Monday 8-Okay submitting with the US Securities and Trade Fee.
This included 1,363 Bitcoin offered at a mean value of $59,256 between final Monday and Tuesday, and a pair of,225 Bitcoin offered at a mean value of $60,773 between Wednesday and Sunday.
Technique disclosed the sale of 32 Bitcoin in early June, as its first reported Bitcoin sale because the 2022 tax-loss transaction.
Earlier than Technique disclosed its newest Bitcoin sale, Bernstein mentioned the corporate was unlikely to be compelled to promote its holdings, citing its liquidity place and money reserve protection.
Bernstein’s report mentioned Technique had 17 months of money to cowl dividend obligations and curiosity funds. It added that the corporate remained a internet purchaser of Bitcoin and served as a robust “balancing pressure” in a market the place main US Bitcoin miners are internet sellers as a result of their pivot to AI.
Donald Trump says ‘nothing fallacious’ with $1.4B crypto windfall whereas in workplace
US President Donald Trump has responded to criticism of his 2025 monetary disclosures, exhibiting that he earned $1.4 billion in earnings from crypto-related ventures whereas in workplace.
In a Thursday interview with CNBC’s Joe Kernen, Trump mentioned that there was “nothing unlawful” and “nothing fallacious” with making the most of his crypto investments as president. He claimed that different individuals have been chargeable for his investments and he didn’t “even know who they’re,” indirectly answering questions on perceived conflicts of curiosity as president.
Trump’s feedback adopted the discharge of his 2025 monetary disclosure report by the US Workplace of Authorities Ethics, exhibiting that he took in additional than $2 billion from his companies and investments, about $1.4 billion of which was linked to crypto tasks like his memecoin and household’s platform World Liberty Monetary. Many advocacy organizations have characterised the investments as a “grift” permitting the president to affect associated laws just like the Digital Asset Market Readability (CLARITY) Act.
Trump disclosed that his memecoin generated about $636 million, World Liberty gross sales about $588 million and $197 million from fairness in a stablecoin enterprise.
US senator requires ban on elected officers issuing memecoins
Senator Kirsten Gillibrand, one of many US lawmakers behind negotiations for a digital asset market construction invoice in Congress, has proposed barring elected officers and the president from issuing or sponsoring their very own tokens, citing President Donald Trump’s and First Woman Melania Trump’s memecoins.
In a Friday discover, Gillibrand mentioned that Congress ought to help measures barring elected officers and their spouses from “issuing or sponsoring their very own digital property.” The New York lawmaker mentioned that the proposed restriction would come with any US president and their partner, however didn’t particularly point out extending the availability to the workplace of the vice chairman or different members of their households.
“It is a commonsense requirement that ought to get broad bipartisan help – public officers and their spouses shouldn’t be issuing memecoins,” mentioned Gillibrand. “We can’t let self-dealing destroy a possibility to strengthen client protections, crack down on illicit finance, and develop financial alternative for the tens of millions of Individuals our monetary system has left behind.”
Vitalik Buterin shares prime priorities for brand spanking new ‘Lean Ethereum’ strawmap
Ethereum co-founder Vitalik Buterin has named quantum resistance, scalability and privateness as three of Ethereum’s prime priorities beneath a brand new “Lean Ethereum” strawmap, which lays out the community’s technical course for the rest of the last decade.
In a submit to X on Saturday, Buterin mentioned the gathering of upgrades will roll out over the following three to 4 years, touching almost each layer of Ethereum in a change he in contrast in scale to the September 2022 Merge, which shifted the community away from energy-intensive mining.
“Quantum security has shifted up a LOT in precedence,” he mentioned, including that finalizing a quantum-safe resolution for blobs has “turn into pressing.” Enhancing privateness is one other precedence, Buterin mentioned, stating that it has turn into a “firstclass purpose.”
Dankrad Feist, a former Ethereum Basis researcher behind the payments-focused layer-1 Tempo blockchain, praised the brand new plan however argued the 3-4 12 months timeline is simply too sluggish, stating that AI might assist builders ship the upgrades inside a 12 months.
Monetary firms be a part of forces for US greenback stablecoin, holding reserve earnings
Greater than 140 firms have reportedly signed onto a US dollar-pegged stablecoin challenge that enables them to “obtain the entire earnings” from its reserves.
In a Tuesday discover, Open Customary mentioned it was launching the Open USD (OUSD) stablecoin, a US dollar-pegged coin supported by monetary firms together with Visa and Mastercard, in addition to crypto firms Coinbase, Ripple, OKX and Bybit. The challenge will permit companies to mint OUSD “without charge and with no synthetic limits on quantity,” and maintain earnings from the coin’s reserves.
“When Visa, Stripe, Mastercard, Coinbase and Google coordinate on a brand new stablecoin, the sign is unmistakable,” mentioned Rhino.fi co-founder and CEO Will Harborne. “Open USD is the primary launch with an actual likelihood to win share from USDT and USDC, as a result of reserve income flows again to everybody who holds it. However that very same incentive is what drives fragmentation at scale.”
Because the week continued, a few of the signatories denied making any agency commitments to the consortium.
Winners and losers
On the finish of the week, Bitcoin (BTC) is at $64,039, Ether (ETH) at $1798, and XRP (XRP) is at $1.14. The entire market cap is at $2.12 trillion, in keeping with CoinMarketCap.
Among the many largest 100 cryptocurrencies, the highest three altcoin winners of the week are MemeCore (M) at 105%, Lighter (LIT) at 39%, and ether.fi (ETHFI) at 29%.
The highest three altcoin losers of the week are Venice Token (VVV) at -13%, Steady (STABLE) at -10% and Audiera (BEAT) at -5%.
Prime Prediction of the Week
Bollinger Bands creator eyes Bitcoin bear-market finish, ‘W’-shaped reversal
John Bollinger, creator of the Bollinger Bands volatility indicator, believes he has spied a “W”-shaped double backside on BTC/USD on the charts.
“$BTC has seen a sequence of bullish patterns damaged, proof of the ability of the downtrend,” he commented in X posts on Friday.
“Will this ‘W’ be the one which breaks the development?”
“W”-shaped reversals contain two swing lows with a rejected rebound in between, with value finally breaking by that rejection degree to type a brand new uptrend.
Bollinger has been bullish on BTC for a while. In early Might, he revealed a brand new lengthy place through his Bitcoin funding automobile.
As Cointelegraph reported, an growing variety of value indicators are flashing alerts not seen because the final bear market in 2022. Regardless of this, market members broadly imagine that the following macro backside remains to be to come back and is due in Q3 or later.
Prime FUD of the week
Tim Draper says Arkham received Bitcoin pockets attribution ‘fallacious’
Billionaire investor and longtime Bitcoin bull Tim Draper mentioned blockchain analytics firm Arkham incorrectly linked him to a pockets concerned in a big Bitcoin switch to Coinbase Prime.
“It simply wasn’t me. I haven’t touched it. Arkham has it fallacious,” Draper informed Cointelegraph, including that he nonetheless expects Bitcoin to achieve $250,000 inside one 12 months.
The assertion got here after blockchain analytics platform Lookonchain reported Friday {that a} pockets “presumably linked” to Draper had transferred 1,000 Bitcoin price about $62 million to Coinbase Prime, citing information from Arkham.
Draper is finest recognized within the crypto group as one in all Bitcoin’s earliest high-profile buyers, having received a US Marshals Service public sale for almost 30,000 Bitcoin seized by US authorities from Silk Street-related holdings in 2014. The holdings at the moment are price $1.9 billion, that means Draper promoting might have a big effect on Bitcoin’s.
Bitcoin revenue and loss ratio falls to 43-month low
Bitcoin’s realized revenue and loss ratio has fallen to a 43-month low of -0.35, a determine that alerts excessive market-wide loss circumstances however has traditionally coincided with market bottoms, blockchain analytics platform CryptoQuant mentioned.
The Bitcoin realized P&L ratio — which measures the online share of Bitcoin (BTC) in revenue or loss relative to whole provide — hasn’t fallen this low since December 2022, shortly after FTX shockingly collapsed and despatched Bitcoin beneath $16,000.
“Traditionally the indicator has marked BTC bottoms with excessive precision,” CryptoQuant mentioned on Thursday. In 2015 and 2019, the Bitcoin realized P&L ratio additionally fell beneath -0.35 earlier than value rallies adopted.
The info might carry market sentiment, which has repeatedly fallen to near-record lows through the course of Bitcoin’s newest 50% drawdown from $126,080, set in October. Market sentiment has risen cautiously over the past 10 days, with Bitcoin up greater than 7% since tanking to a close to two-year low of $58,190 on June 25.
Upbit says it solely expressed curiosity in future OUSD participation
South Korean crypto change Upbit mentioned it’s not collaborating within the issuance of Open USD, after its operator Dunamu was named amongst greater than 140 companies concerned within the new stablecoin initiative.
“Upbit has solely indicated our potential willingness to think about collaborating sooner or later enlargement of the OpenStandard ecosystem,” an Upbit spokesperson informed Cointelegraph.
The clarification follows comparable pushback from Samsung Electronics and different South Korean firms listed by Open Customary.
In accordance to a Friday report by ChosunBiz, Samsung mentioned it had not held formal discussions with the challenge and didn’t know what function it was anticipated to carry out. In the meantime, Shinhan Monetary Group and KBank reportedly mentioned they’d solely indicated that they’d contemplate the initiative.
Cointelegraph reached out to Open Customary for feedback however didn’t obtain a response earlier than publication.
Prime Cointelegraph Options of the Week
The most important blockchain upgrades nonetheless to come back in 2026
From Ethereum’s Glamsterdam and Solana’s Alpenglow, to proposed submit quantum safety modifications for Bitcoin, 2026’s key crypto upgrades are a few of the most important in years.
Has Technique’s capital overhaul put an finish to ‘dying spiral’ fears?
Has Technique’s new capital overhaul defused the fears swirling round STRC, or has it merely purchased extra time earlier than the following bout of stress?
From Bitcoin critics to blockchain believers: The 5 largest crypto backflips
From crypto hater Nouriel Roubini launching the Technodollar to Bitcoin critic Peter Schiff placing out tokenized gold, meet the skeptics who at the moment are cashing in on crypto.