Market narrative
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Chairman Tom Lee said ether's outperformance versus the Nasdaq in July signals strengthening crypto fundamentals.
Crypto
Half the proceeds funded preferred dividends and half went into an $81 million STRC buyback, its second in as many weeks.
MicroStrategy added 37 bitcoin between May 26 and July 26. Last week it sold 1,638 in seven days.
Coldcard's RNG failure shows why an air gap cannot rescue a seed that was predictable at creation.
Michael Saylor's Strategy has again sold Bitcoin, less than a month after its previous BTC sale. The company also bought back STRC shares over the past week under its Repurchase Program and increased its USD reserves by$250 million to $4 billion.
Solana (SOL) is holding in a tight range in the mid-$70s, with price action flashing short-term weakness even as institutional positioning and on-chain activity point to an increasingly resilient ecosystem. The standoff is drawing attention ahead of the network's upcoming ‘Alpenglow' upgrade, which is expected to materially improve transaction ‘finality' and strengthen Solana's competitiveness in trading and real-time applications.
Michael Saylor said August 3 that Strategy is now tracking Bitcoin's 200-week moving average and the asset's premium to that level on Strategy.com. He noted that Bitcoin has traded above the benchmark 92% of the time, making the long-term trend line a central reference point in Strategy's market dashboard.
Strategy sold 1,638 BTC for $104.7 million between July 27 and August 2, at an average price of $63,957 per coin, well below its own $75,419 average purchase price. The sale brought total holdings from 843,776 to 842,138 BTC. Of the proceeds, $52.4 million funded preferred-stock dividends and $52.3 million covered part of this week's $81.2 million STRC share buyback.
Google ranks XRP first for world bridge currency as EGRAG signals a major breakout amid rising ETF inflows, Binance outflows, and adoption.
A profitable quarter still ended with about half the buffer it started with, and the Big Four audit Tether commissioned in March has yet to produce an audited statement.
Solana price slipped below $73 on Aug. 3 as weak spot demand and sustained capital outflows raised the risk of a drop toward $70. Solana price extends its decline below $73 According to data from crypto.
The crypto market trades in the red today, August 3, despite reports that the US and Iran will hold fresh peace talks. Bitcoin (BTC) has slipped below $63,000, while Ethereum (ETH) is defending the support at $1,800.
Friday's employment data could reshape Fed rate expectations and determine whether Bitcoin extends its rally or faces renewed selling pressure.
Strive's aggressive Bitcoin strategy highlights the growing trend of corporate treasury diversification, but it risks high volatility exposure. Strive buys additional 20 Bitcoin, bringing total treasury holdings to 20,020 BTC.
Ripple on Monday announced strategic investments in ZILO and Licuido, deepening its push to bring regulated tokenization infrastructure to the XRP (CRYPTO: XRP) Ledger. What Do ZILO And Licuido Actually Do?
Bitcoin miners' shift to AI could reshape the tech landscape, altering investment strategies and potentially decentralizing mining power globally. Bitcoin miners pivot to AI, signing over $70 billion in contracts as mining margins shrink.
Michael Saylor's Strategy sold 1,638 Bitcoin in its second-largest sale of the year to fund dividend payments and repurchase its preferred STRC stock.
Michael Saylor's Strategy has sold another portion of its massive Bitcoin treasury, offloading 1,637 BTC worth approximately $102.3 million last week.
XRP is showing early signs of stability after a shaky stretch, according to one crypto analyst's Monday morning update, even as fresh news about Ripple's business moves failed to shake the price much either way.
Following a significant security incident involving Coldcard hardware wallets, Binance founder Changpeng Zhao (CZ) has advised crypto holders to consider spreading their assets across multiple wallets.
