News linked to both this project and an event.
: Michael Saylor, founder and executive chairman of bitcoin treasury company Strategy, has once again released information related to the Bitcoin Tracker, captioning it “Orange dots tell only part of the story.”According to previous patterns, Strategy typically discloses its increased Bitcoin holdings the day after such messages are released.
the Bitcoin BIP-110 proposal is approaching its early August deadline, with miner support currently below 1%. In the current cycle, support stands at 0%, and no major mining pools have signaled in favor. BIP-110, officially titled "Reduced Data Temporary Soft Fork," aims to restrict OP_RETURN data capacity within one year, prohibit most arbitrary data writes exceeding 256 bytes, and limit certain script formats primarily used for data storage. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110. Data shows that BIP-110 adopts a user-activated soft fork mechanism, setting a 55% miner signal threshold. The proportion of nodes running BIP-110 software remains in the single digits, primarily from Bitcoin Knots users. The current signaling cycle for this proposal is expected to end near block height 959,615, entering a voluntary lock-in period around early August, with activation planned for approximately September. If broad support remains absent by then, it could lead to a small number of nodes forming a split chain.
Odaily Odaily Planet Daily reported that Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, stated that the market has misinterpreted Michael Saylor's adjustments to Strategy Inc.'s bitcoin strategy, and the recent selling pressure stems from confusion over this strategy rather than a change in bitcoin's long-term outlook. Strategy Inc. is shifting bitcoin from being a reserve accumulation asset to serving as collateral to support its STRC preferred stock. Kendrick maintains the bitcoin price forecast of $100,000 by the end of 2026. As of press time, BTC was trading at $64,322.89, and Strategy's stock MSTR closed at $94.64 on Friday. The outstanding notional value of STRC is approximately $10 billion, which Kendrick believes makes the preferred stock heavily overcollateralized due to its bitcoin backing. (Bitcoin.com News).
Standard Chartered stated that it maintains its Bitcoin price prediction of reaching $100,000 by the end of 2026, believing that the recent market decline triggered by Strategy's (formerly MicroStrategy) related activities is not due to a deterioration in the company's balance sheet, but rather a strategic adjustment that the market has not fully understood.Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, noted in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the company's narrative of "never selling Bitcoin," but now Strategy appears to be shifting towards a more complex capital operation model. How clearly the company can communicate this change will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, representing approximately over 4% of the total 21 million Bitcoin supply. From 2020 to mid-2025, Strategy's mNAV (Market Value of Enterprise / Bitcoin Asset Value) was consistently above 1, allowing the company to raise funds through stock issuances to purchase Bitcoin and achieve shareholder value growth. The commitment to "never selling Bitcoin" was central to this model gaining market acceptance. However, with the current mNAV approaching 1, the leverage effect of this financing model is weakening.Kendrick believes Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool." This involves using its Bitcoin holdings as the credit basis for its perpetual preferred stock, STRC. Currently sized at approximately $10 billion, STRC is the largest financial instrument launched by Strategy, offering an annualized dividend rate of 12%, paid semi-monthly in cash, and is designed to maintain a price near its $100 par value through interest rate adjustment mechanisms.Standard Chartered indicated that STRC is currently trading around $90, while Strategy's dollar reserve for paying dividends stands at approximately $2.55 billion, covering an estimated 17.4 months of dividend expenses.Kendrick stated that Strategy's policy adjustment allowing for Bitcoin sales does not necessarily mean the company will continuously sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He compared this mechanism to a central bank's commitment to "do whatever it takes": mere restoration of market confidence may mean actual intervention never occurs. (The Block)
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).
BitcoinTreasuries.NET posted on X platform, stating that Strive's CRO PunterJeff Jeff Walton (@PunterJeff) explained that Strategy's recent sale of 3,500 Bitcoin is actually bullish and helps it buy more BTC. He stated that this will provide more support for STRC and its future growth ability, thereby allowing it to purchase more BTC, and MSTR shareholders should view this positively.
Odaily, July 7 – Binance announced the launch of its new advanced financial product, BTC Yield. BTC Yield is a BTC-denominated, open-ended yield strategy product designed for long-term holders looking to explore potential returns on Bitcoin without the need for frequent trading.BTC Yield is currently one of the industry's first Bitcoin covered call option yield products offered by a major cryptocurrency exchange to both retail and institutional users, further reflecting Binance's continuous expansion from a trading platform into a broader financial super app.Shunyet Jan, Head of Binance Exchange and Trading Business, stated: "BTC Yield further enriches the product options available to our users, allowing them to leverage their digital assets in more ways. The covered call option strategy is well-established in traditional financial markets, but direct participation for ordinary investors often comes with high barriers. BTC Yield simplifies this strategy, making it more accessible for Bitcoin holders who wish to seek potential returns without needing to trade the market frequently."To celebrate the launch of BTC Yield, Binance Earn is introducing a limited-time event. Eligible users who subscribe to BTC Yield will have the chance to share a 100,000 USDC prize pool.
Decentralized stablecoin USDD officially released its June transparency report. Data shows that as of the end of June, USDD's total collateralized assets reached $2.03 billion, the peak circulation volume for the month reached $1.42 billion, and the over-collateralization ratio at the end of the month was 149.35%, fully demonstrating strong stability and risk buffer capabilities. Additionally, Smart Allocator generated $2.16 million in new revenue this month, with cumulative revenue reaching $21.29 million. In terms of ecosystem progress, Morpho successfully launched the PT-sUSDD market and has integrated with Singularry AI; sUSDD TVL on the Pendle market exceeded $30 million.
Grayscale Research stated that Strategy sold a portion of Bitcoin last week, which may help reduce financing risk and support Bitcoin price stability. This sale of approximately $216 million increased its USD reserves, expected to cover dividend payment needs for approximately 17 months. Meanwhile, the STRC price rebounded, indicating investors reacted relatively positively to this decision.
Strategy 创始人 Michael Saylor 再次发布比特币 Tracker 相关信息。 根据此前规律，Strategy 总是在相关消息发布之后的第二天披露增持比特币信息。
Kraken has begun allowing eligible users to use select tokenized stocks and ETFs as collateral for futures and margin trading, enabling them to open leveraged positions without selling their existing holdings.The initial offering includes 10 tokenized stocks and ETFs, featuring Apple, Nvidia, Tesla, Strategy, SPDR S&P 500 ETF, and Invesco QQQ Trust. This feature is currently only available to eligible users outside the United States.Kraken has also set collateral limits for different assets, with a maximum collateral value of $1 million for large-cap ETFs, $250,000 for most individual stocks, and $100,000 for tokenized gold and Circle stock. The platform stated that collateral limits and haircut rates will be reviewed periodically and may be adjusted based on market conditions. (Cointelegraph)
Coinbase released a monthly review on July 1, stating that in the first half of the year, it advanced its product layout around the strategy of "every asset, every market, one platform," covering tokenized stocks, pre-IPO perpetual contracts, stock options, crypto options, stock index perpetual futures, AI tools, payments, stablecoins, and on-chain infrastructure. Coinbase stated that the tokenized stocks are 1:1 backed shares of US companies, expected to include dividends, on-chain trading, holding, and redemption functions, and are not available to US persons. Coinbase also noted that its pre-IPO perpetual contracts will start with SpaceX and then expand to OpenAI and Anthropic, and will offer crypto options through integration with Deribit. Coinbase CEO Brian Armstrong said on July 3 that Coinbase is one of the companies with the highest level of AI application globally. Coinbase also stated that it has launched a direct INR on-ramp in India, become the official deployer of the USDC treasury wallet for Hyperliquid, partnered with Ethena across over $50 billion in assets, and mentioned transferring approximately $4.4 billion USDC to the Hyperliquid deployer. (Bitcoin.com News).
Chaitanya Jain, Bitcoin Strategy Manager at Strategy, stated on X that STRC has begun to recover after a brief price dislocation. The company's goal is to drive its long-term gradual return and stabilization in the $99–100 range.He noted that Strategy will achieve this goal through multiple tools, including: a floating dividend rate mechanism, a continuously growing USD reserve, the gradual unwinding of convertible bond structures, share buybacks, and ongoing product feature enhancements.
according to an official announcement, Binance CrossMargin, PortfolioMargin, and PortfolioMargin Pro have added 15 new bStocks tokens as qualified collateral assets, including Circle (CRCLB), Micron (MUB), NVIDIA (NVDAB), Sandisk (SNDKB), Tesla (TSLAB), SpaceX (SPCXB), Advanced Micro Devices (AMDB), iShares MSCI South Korea ETF (EWYB), Intel (INTCB), Strategy (MSTRB), Lumentum (LITEB), Meta (METAB), Microsoft (MSFTB), Palantir (PLTRB), and Invesco QQQ Trust (QQQB). The corresponding trading pairs are now available for margin trading. This feature is only available to VIP3 and above users in eligible regions, and loans are not currently supported.
According to Bloomberg, JPMorgan released a research report stating that the financing model reform of Michael Saylor's Strategy Inc. has changed Bitcoin market dynamics—the company selectively sells Bitcoin to pay preferred stock dividends and manage its balance sheet, transforming it from one of the largest buyers in the Bitcoin market to a potential seller, introducing "avoidable" two-way flow risk to the market. JPMorgan believes that Strategy needs to hold liquidity reserves sufficient to cover dividend payments for the next two to three years to eliminate market concerns about the forced liquidation of its Bitcoin holdings.
The Ethereum Foundation's Global Policy Strategy (GPS) team has released the guide "Ethereum Basics for Governments and Institutions," aiming to help policymakers and institutional decision-makers understand Ethereum's operating mechanisms, governance models, and differences from other blockchain solutions. The guide emphasizes that relying on centralized systems brings systemic risks, while decentralized blockchains have the potential to mitigate such risks. Not all blockchains possess the attribute of "credible neutrality," and differences in technical architecture and governance models among blockchains will directly affect whether they can serve as public infrastructure in the long term. Ethereum holds advantages in areas such as resilience, economic security, client diversity, and ecosystem. It has operated continuously without interruption since launching in 2015, with economic security provided by approximately $76 billion in staked ETH, whereas most other Layer 1 networks rely on a single client, presenting higher systemic risks. The Ethereum Foundation stated that building applications on Ethereum does not introduce new centralized counterparty risks, as no single institution can modify rules, restrict access, or halt network operations. In comparison, control over some other Layer 1 networks is concentrated in foundations or corporate entities, which may bring governance and dependency risks.
according to official sources, ASTER has listed STRC (Strategy Variable Rate Perpetual Stretch Prf Shs Series A), supporting up to 3x leverage. Traders can enjoy 1.2x points until July 7, 23:59 UTC.
BitcoinTreasuries.NET posted on X platform, stating that Strategy's Stretch STRC has seen an 11.5-fold increase in average daily trading volume since its launch last year. CEO Phong Le stated that as STRC approaches its one-year anniversary since listing, its market continues to deepen and mature.
According to The Block, Trump's annual financial disclosure report (totaling 927 pages) released by the U.S. Office of Government Ethics shows that Trump received significant crypto-related income through his family crypto company World Liberty Financial (WLF), including over $65.6 million from the sale of WLF Holdco equity and approximately $236.25 million from WLF token sale allocations. Additionally, the report disclosed his cold wallets holding various crypto assets such as Bitcoin, Ethereum, USDC, LINK, AAVE, ENA, MOVE, and ONDO, and that he received approximately $1.8 million in Ethereum staking rewards. Trump also holds up to $100,000 in Coinbase stock and multiple investments in Strategy (formerly MicroStrategy). In contrast, Vice President JD Vance's annual financial report is only 17 pages, disclosing that he holds Bitcoin valued at up to $500,000.
According to the weekly market report released by BIT Official, heavy selling in semiconductor and AI stocks on June 23-24 triggered defensive adjustments by institutional capital. BTC fell below $60K on June 24, hitting a low of ~$59,000 (intraday decline of approximately 5%). Approximately $994 million in liquidations occurred during the same period (of which approximately $780 million were long positions). Approximately $1.2 billion in nominal Put positions at the $60K level forced market makers to short, exacerbating the downward trend. As of the weekend, BTC was quoted at ~$59,992, down 6.9% for the week; ETH was quoted at ~$1,578, down 9.3% for the week. In terms of volatility, DVOL only rose slightly (BTC 44.1→45.7, ETH 57.3→59.5), front-end skew tended to stabilize, and convexity returned to normal. The institutional defensive hedging ratio decreased from 29.6% to 19.7%, shifting towards two-way balance, overall showing characteristics of an "orderly decline" rather than panic selling. In terms of ETFs, for the week ending June 26, US spot BTC ETFs saw net outflows of approximately $1.79 billion, marking the second-highest weekly outflow record in history, and have seen net outflows for 7 consecutive weeks; IBIT net assets decreased to approximately $44.4 billion, with average holders having an unrealized loss of approximately 40%. Strategy purchased only 520 BTC this week (approximately $34.9 million), significantly slowing down compared to the previous two weeks. MSTR stock price has fallen below its BTC book value, and the flywheel effect has been affected