Category: crypto

Strategy sold 1,638 Bitcoin for $104.7 million to fund dividends and share repurchases, increasing its U.S. dollar reserve. Additional funding was raised through MSTR stock sales. The company prioritizes STRC support over new Bitcoin purchases. Strategy’s actions focus on rebuilding liquidity, repurchasing shares, and maintaining dividends. Analysts are monitoring its funding model.

Circle Internet Group was downgraded by Morgan Stanley to Underweight from Equal Weight, with a reduced price target of $38 from $106 due to lower expectations for USDC growth. Despite regulatory progress and an optimistic view from TD Cowen, Morgan Stanley expressed concerns about limited stablecoin payments and competition.

Bitmine Immersion Technologies acquired 10,399 ETH, increasing its total holdings to 5,797,813 ETH. The company also repurchased 4.5 million BMNR shares, but stock fell to $17 as investors considered the mounting unrealized losses. Bitmine projected that staked ETH could generate $247 million annually. The company’s buyback program entered its third consecutive week.

Hashdex will close and liquidate its US-listed Bitcoin ETF, DEFI, due to low assets and trading activity. The fund had $14.7 million in assets as of July 30. Shareholders will receive a cash payment around Aug. 28. Hashdex’s NCIQ crypto index ETF remains active with $206.8 million in assets.

The CLARITY Act faces low odds of passage in the Senate before the summer recess. If the bill fails to advance, analysts predict a negative impact on the crypto market. The bill is absent from the Senate schedule for August 3, leaving little time for action before the break. Bernstein analysts warn of a potential…

Circle has acquired nearly 1,000 blockchain patents from IBM, giving them the largest blockchain patent portfolio in the United States. The acquisition includes patents in blockchain, banking, insurance, cloud security, and enterprise infrastructure. Circle has not disclosed the purchase price or their plans for enforcing the patents against competitors.

BlackRock has launched two tokenized money market products on Ethereum, expanding its blockchain-based cash management strategy. The BSTBL fund offers tokenized shares for institutional investors, while BRSRV targets stablecoin reserve management. Both products aim to preserve principal and liquidity while generating returns from short-duration government debt.

Kenya has digitized over 15 million academic records on Avalanche to replace slow paper-based certificate checks with an electronic verification system. This system covers historical records dating back to 1989 and includes certificates for nearly 1 million 2025 KCSE candidates. The platform aims to reduce certificate fraud and improve efficiency.

BitGo CEO Mike Belshe challenged Anthropic’s Claude models by publishing a Bitcoin address holding 100 BTC and inviting the AI system to move the funds. Despite the challenge, the 100 BTC remained untouched in the address, and the lack of movement does not prove that Claude attempted and failed to access the funds.

448.7 BTC moved from 709 suspected victim addresses during a fourth coordinated Coldcard attack wave. Galaxy Research identified the attacks through blockchain analysis. Fixed firmware has been released to protect newly generated seeds, but existing vulnerable seeds require complete wallet migration. Unconfirmed transactions may offer a narrow escape for users.