Technique sells 3,588 Bitcoin for $216M to fund dividends
Michael Saylor’s Technique offered 3,588 Bitcoin (BTC) to fund most well-liked inventory dividend funds and replenish its money reserves.
Technique offered the Bitcoin for $216 million, lowering its whole holdings to 843,775 Bitcoin, in accordance with a Monday 8-Ok submitting with the US Securities and Trade Fee.
This included 1,363 Bitcoin offered at a mean worth of $59,256 between final Monday and Tuesday, and a couple of,225 Bitcoin offered at a mean worth of $60,773 between Wednesday and Sunday.
Technique disclosed the sale of 32 Bitcoin in early June, as its first reported Bitcoin sale for the reason that 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 web purchaser of Bitcoin and served as a powerful “balancing drive” in a market the place main US Bitcoin miners are web sellers on account of their pivot to AI.
Donald Trump says ‘nothing flawed’ with $1.4B crypto windfall whereas in workplace
US President Donald Trump has responded to criticism of his 2025 monetary disclosures, displaying that he earned $1.4 billion in revenue 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 flawed” with taking advantage of his crypto investments as president. He claimed that different individuals had been liable 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, displaying 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 Girl 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 belongings.” 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 vp 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 shopper protections, crack down on illicit finance, and broaden financial alternative for the hundreds of thousands of Individuals our monetary system has left behind.”
Vitalik Buterin shares high priorities for brand new ‘Lean Ethereum’ strawmap
Ethereum co-founder Vitalik Buterin has named quantum resistance, scalability and privateness as three of Ethereum’s high priorities below a brand new “Lean Ethereum” strawmap, which lays out the community’s technical route for the rest of the last decade.
In a put up to X on Saturday, Buterin mentioned the gathering of upgrades will roll out over the subsequent 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 answer for blobs has “change into pressing.” Enhancing privateness is one other precedence, Buterin mentioned, stating that it has change into a “top quality objective.”
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 yr timeline is just too gradual, stating that AI may assist builders ship the upgrades inside a yr.
Monetary firms be a part of forces for US greenback stablecoin, protecting reserve earnings
Greater than 140 firms have reportedly signed onto a US dollar-pegged stablecoin challenge that enables them to “obtain all the 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 preserve 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 probability 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 number 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 overall market cap is at $2.12 trillion, in accordance with CoinMarketCap.
Among the many greatest 100 cryptocurrencies, the highest three altcoin winners of the week are MemeCore (M) at 105%, Lighter (LIT) at 39%, and ether.fi (ETHFI) at 29%.
The highest three altcoin losers of the week are Venice Token (VVV) at -13%, Secure (STABLE) at -10% and Audiera (BEAT) at -5%.
High Prediction of the Week
Bollinger Bands creator eyes Bitcoin bear-market finish, ‘W’-shaped reversal
John Bollinger, creator of the Bollinger Bands volatility indicator, believes he has spied a “W”-shaped double backside on BTC/USD on the charts.
“$BTC has seen a collection of bullish patterns damaged, proof of the facility of the downtrend,” he commented in X posts on Friday.
“Will this ‘W’ be the one which breaks the pattern?”
“W”-shaped reversals contain two swing lows with a rejected rebound in between, with worth finally breaking by means of that rejection degree to kind a brand new uptrend.
Bollinger has been bullish on BTC for a while. In early Could, he revealed a brand new lengthy place by way of his Bitcoin funding automobile.
As Cointelegraph reported, an rising variety of worth indicators are flashing alerts not seen for the reason that final bear market in 2022. Regardless of this, market contributors broadly consider that the subsequent macro backside remains to be to return and is due in Q3 or later.
High FUD of the week
Tim Draper says Arkham bought Bitcoin pockets attribution ‘flawed’
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 flawed,” Draper advised Cointelegraph, including that he nonetheless expects Bitcoin to succeed in $250,000 inside one yr.
The assertion got here after blockchain analytics platform Lookonchain reported Friday {that a} pockets “presumably linked” to Draper had transferred 1,000 Bitcoin value about $62 million to Coinbase Prime, citing knowledge from Arkham.
Draper is greatest identified within the crypto neighborhood as certainly one of Bitcoin’s earliest high-profile traders, 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 are actually value $1.9 billion, which means Draper promoting may 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 proportion 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 worth rallies adopted.
The information may raise market sentiment, which has repeatedly fallen to near-record lows throughout the course of Bitcoin’s newest 50% drawdown from $126,080, set in October. Market sentiment has risen cautiously during the last 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 alternate Upbit mentioned it isn’t taking part 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 contemplate collaborating sooner or later enlargement of the OpenStandard ecosystem,” an Upbit spokesperson advised 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 think about the initiative.
Cointelegraph reached out to Open Customary for feedback however didn’t obtain a response earlier than publication.
High Cointelegraph Options of the Week
The most important blockchain upgrades nonetheless to return in 2026
From Ethereum’s Glamsterdam and Solana’s Alpenglow, to proposed put up quantum safety adjustments for Bitcoin, 2026’s key crypto upgrades are a number of the most vital in years.
Has Technique’s capital overhaul put an finish to ‘loss of life spiral’ fears?
Has Technique’s new capital overhaul defused the fears swirling round STRC, or has it merely purchased extra time earlier than the subsequent bout of stress?
From Bitcoin critics to blockchain believers: The 5 greatest crypto backflips
From crypto hater Nouriel Roubini launching the Technodollar to Bitcoin critic Peter Schiff placing out tokenized gold, meet the skeptics who are actually cashing in on crypto.