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Project Overview
StarkNet is a permissionless, decentralized Validity-Rollup (also known as a "ZK-Rollup"). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scalability for its computations without compromising Ethereum's composability and security. This is possible due to StarkNet's reliance on the safest and most scalable cryptographic proof system: STARK.
Michael Saylor: Digital Credit Could Be the Next Billion-Dollar Financial Opportunity
Odaily News: Michael Saylor, Executive Chairman of digital asset financial firm Strategy, stated that if you're looking for the next billion-dollar financial business, you should explore digital credit. He noted that digital credit can transform Bitcoin-centered capital strategies into yield-generating products. Within Strategy's digital credit product line, the Stride Preferred Stock (STRD), Stretch Preferred Stock (STRC), Strike Preferred Stock (STRK), and Strife Preferred Stock (STRF) offer effective yields of 15.29%, 12.63%, 12.08%, and 10.38%, respectively. These preferred securities provide the company with an additional financing avenue beyond common stock and debt.
Strategy Plans to Change STRC Preferred Stock Dividends to Semi-Monthly
Odaily News: Strategy has proposed adjusting the dividend mechanism for its STRC preferred stock, planning to change the current monthly dividend distribution to twice a month (semi-monthly), subject to shareholder approval.STRC is a perpetual preferred stock, targeting trading near a par value of $100, with its price regulated through a floating dividend mechanism. The current annualized dividend yield is approximately 11.5%. The company stated that increasing the dividend frequency helps reduce reinvestment lag, enhance market liquidity, and improve price stability.STRC is one of a series of preferred stock financing instruments within Strategy, forming part of its capital structure alongside products like STRF, STRE, STRK, and STRD. These instruments have already helped the company raise significant funds for its ongoing accumulation of Bitcoin.
STRC Perpetual Preferred Shares Record $1.1 Billion in Daily Trading Volume, Continuously Fueling the Engine for BTC Accumulation
Odaily News Bitcoin treasury company Strategy's perpetual preferred shares, STRC, recorded approximately $1.1 billion in trading volume on April 13, representing a nearly 47% increase from the previous record. This has become a core financing tool for the company to accelerate its Bitcoin accumulation. Strategy raises capital by selling preferred shares like STRC and uses the funds for high-frequency Bitcoin purchases.Data shows that Strategy recently purchased 13,927 BTC for approximately $1 billion, bringing its total holdings to 780,897 BTC. The related funds primarily came from the issuance of over 10 million STRC shares. Within the overall capital plan, STRC, along with STRK, STRF, STRD, and common stock financing, constitutes its "42/42" financing framework. The goal is to raise $84 billion by 2027 for continuous Bitcoin purchases. Current market views suggest that STRC is gradually becoming the dominant instrument within this financing system. (The Block)
Dividends to Be Accrued Daily as Strategy Proposes Adjusting Payment Mechanisms for STRF and Three Other Products
Michael Saylor posted on X that the proposal covers STRF, STRC, STRK, and STRD. Dividends will accrue on each calendar day, including weekends and holidays, and will be paid on the next business day; the relevant economic terms remain unchanged. The proposal aims to support price stability, liquidity, and demand.
Strategy upgrades STRC and other preferred share control panels, adding risk assessment metrics such as Sharpe Ratio.
According to a post by MicroStrategy founder Michael Saylor, MicroStrategy has upgraded the dashboard for four preferred stock products: STRC, STRD, STRK, and STRF, adding metrics such as Bitcoin rating, after-tax effective yield, and one-year Sharpe ratio. These new tools can be used to evaluate the yield levels, credit quality, downside protection, and risk-adjusted returns of the relevant products.
Saylor sells 3,500 Bitcoin; DylanLeclair says the market didn't notice until Strategy disclosed it.
Odaily News: BitcoinTreasuries.NET posted on X platform that Metaplanet's DylanLeclair stated the market did not notice Saylor selling 3,500 Bitcoin until Strategy MSTR released its disclosure document. He also noted that looking back in the future, this will be one of the reasons for STRK’s strong trading performance. Strategy did not issue new shares, and dividends are still being paid.
Strategy Plans to Support $1 Billion Preferred Stock Buyback Through $1.25 Billion Bitcoin Monetization Program
on June 29, Strategy raised the annualized dividend of STRC to 12% and authorized a $1 billion buyback plan covering four preferred securities: STRC, STRF, STRD, and STRK, with STRC as the initial priority repurchase target. Strategy disclosed that the buyback funds will not come from its approximately $2.55 billion cash reserve, but may instead come from the concurrently approved $1.25 billion Bitcoin monetization program. STRC traded in the mid-to-high $80 range this week, dipping below $85 on some trading days, falling short of Strategy's long-term trading target of $99 to $100. Peter Schiff stated that prices below $87 for STRC indicate Wall Street's skepticism regarding the pace of Bitcoin growth. (Bitcoin.com News).
Starknet v0.14.3 will launch on Mainnet this month, supporting features such as dynamic L2 gas adjustment.
The new version will support dynamic L2 gas base fee adjustments based on STRK, improve block generation speed, reduce the target L2 gas consumption per block while keeping the maximum block size unchanged, and deprecate RPC 0.8.
Related news
STRK briefly breaks above $0.056, a crypto KOL positioned early with a purchase of 17.45 million tokens and is now sitting on an unrealized profit of $170,000
Odaily reports, according to OKX market data, STRK briefly broke above $0.056 and is now trading at $0.05338, with a 24-hour gain of 23.93%.According to Arkham monitoring data, an address suspected to belong to crypto KOL Qwerty (@Quanterty) positioned early 13 hours ago, spending $767,000 to buy approximately 17.454 million STRK at an average price of $0.0439, and currently has an unrealized profit of $170,000.
Strategy will hold a special shareholders' meeting on October 28 to vote on changing preferred stock interest payments to a daily schedule.
Strategy plans to convene a special shareholders' meeting on October 28 to vote on amendments to the terms of four U.S.-listed preferred stock series: STRF, STRC, STRK, and STRD, with the core amendment allowing these preferred shares to transition to daily dividend payments.
Dividends to Be Accrued Daily as Strategy Proposes Adjusting Payment Mechanisms for STRF and Three Other Products
Michael Saylor posted on X that the proposal covers STRF, STRC, STRK, and STRD. Dividends will accrue on each calendar day, including weekends and holidays, and will be paid on the next business day; the relevant economic terms remain unchanged. The proposal aims to support price stability, liquidity, and demand.
Nostra Halts Money Market Over Manipulated NSTR Oracle Prices, Involving Approximately $3.5 Million
According to official reports, the NSTR oracle price was manipulated yesterday, causing a single account to use NSTR as collateral to borrow approximately $3.5 million in ETH, STRK, USDC, USDT, WBTC, and DAI v1 from the Nostra money market on Starknet. The market has currently suspended deposits, borrows, withdrawals, and liquidations. Nostra is currently assessing the impact on each asset and tracking the funds, with final losses and recoverable amounts yet to be determined.
Loss of approximately $3.5 million, Nostra hit by oracle attack
Odaily News: Nostra suffered an oracle attack. The manipulated NSTR oracle price allowed a single account to borrow approximately $3.5 million worth of ETH, STRK, USDC, USDT, WBTC, and DAI on Nostra's Starknet money market using NSTR as collateral. The attacker subsequently bridged approximately $1.92 million of the stolen funds—234.57 ETH and 1.3 million DAI—to Ethereum.
Strategy: Bitcoin Needs to Fall 83% to Hit 1x BTC Rating on STRC
Strategy stated that, according to its internal model, Bitcoin's price would need to drop 83% from current levels to $13,136 for STRC to reach a 1x BTC Rating. This metric indicates that the value of the Bitcoin reserve equals the nominal debt and preferred stock claims counted against the security, and is not an external credit rating.The model shows that the Bitcoin price thresholds for STRF, STRC, STRE, STRK, and STRD are $1,519, $13,136, $14,198, $15,857, and $17,517, respectively, while the threshold for debt under this model is zero. The BTC Rating does not imply that STRC will default, suspend dividends, or trade at a specific price.As of August 30, Strategy held 845,050 Bitcoin and $6.71 billion in cash assets. On August 31, the company disclosed a repurchase of $152 million in STRC and allocated $30 million to its dollar cash position, bringing that balance to $1.61 billion. Its latest Bitcoin transaction added 4,603 coins for approximately $369.7 million, at an average price of $80,318. (Bitcoin.com News)