Crypto World
Michael Saylor’s Strategy dramatically ups pace of bitcoin sales, raising $216 million
Strategy (MSTR) sold 3,588 bitcoin for approximately $216 million last week, reducing its total holdings to 843,775 BTC, according to a Monday SEC filing.
The company said proceeds from the bitcoin sales will be used to fund distributions on its preferred stock and replenish the portion of its U.S. dollar reserve used for those payments. As of July 5, the USD reserve totaled $2.55 billion.
The latest sales were executed at an average price of roughly $60,000 per bitcoin and are dramatically higher than the 32 bitcoin sold by the company about one month ago, which sent crypto prices plunging. Strategy currently holds 843,775 BTC acquired for approximately $63.69 billion, or an average purchase price of $75,476 per bitcoin.
Strategy also said it did not sell any shares under its at-the-market equity program during the week ended July, and did not repurchase any shares under its buyback programs. The company added that the full $1.25 billion capacity under its recently announced BTC Monetization Program remains available.
Strategy shares are down 2% in pre-market trading and bitcoin has given up much of its weekend gain, trading down to $61,900 from $62,900 prior to the announcement.
Decentralized finance protocol Summer.fi has paused its Lazy Summer vaults after an exploit that drained about $6 million from the Ethereum-based yield platform, according to the project and several blockchain security firms.
Lazy Summer is an automated yield platform that routes deposits across lending markets such as Aave and Morpho in search of higher returns while handling rebalancing on behalf of users.
The incident was first flagged by blockchain security firm Blockaid, with PeckShield and CertiK also reporting suspicious activity. Summer.fi later confirmed it was investigating the attack and said protocol guardians had paused affected vaults to prevent additional losses.
Early analyses suggest the attacker leveraged a large flash loan attack, reportedly sourced through Morpho, to manipulate the accounting logic of Lazy Summer’s automated USDC vaults.
DeFi security researcher Bhari noted that the exploit took advantage of a flaw in the code to inflate total assets, which they were then allowed to redeem for a net profit. The stolen funds were apparently converted to DAI on Curve before being transferred to the attacker’s wallet.
The protocol had $22 million in total value locked before the exploit, according to DeFiLlama data. The protocol’s SUMR token lost more than 18% of its value after the exploit was uncovered.
Russia’s largest lender, Sberbank, has confirmed plans to launch a cryptocurrency wallet and digital asset depository within months after the country’s proposed digital asset law takes effect on Sept. 1.
Summary
- Sberbank plans to launch a crypto wallet and digital asset depository after Russia’s new digital asset law takes effect on Sept. 1.
- Russia’s largest bank is also considering providing access to foreign crypto exchanges, subject to the final regulatory framework.
- The planned launch comes as Russia prepares to roll out both its digital asset rules and the digital ruble from Sept. 1.
According to local news outlet RBC, Sberbank expects to integrate a crypto wallet into its mobile applications shortly after the legislation comes into force, while its digital asset depository infrastructure is scheduled to be ready by Dec. 1.
First Deputy Chairman Kirill Tsarev said the rollout timeline depends on the publication of the final version of the law and the availability of updated Sberbank mobile apps through online app stores. He added that Android users could receive the updated interface earlier than iPhone users.
Sberbank, which holds about one-third of Russia’s banking assets and is majority-owned by the Russian government, is also considering becoming an intermediary that would allow Russians to trade on foreign cryptocurrency exchanges under a proposed amendment to the legislation. Tsarev said the decision will depend on domestic regulatory requirements and the rules governing foreign exchanges.
Sberbank has steadily expanded its digital asset activities in recent years. In December, Deputy Chairman Anatoly Popov said the bank was exploring crypto-backed lending and was working with regulators on the legal and technical infrastructure needed to support such products.
He also disclosed that Sberbank had completed more than 160 digital asset issuances on its proprietary platform since the beginning of 2025 while continuing to evaluate decentralized finance applications and asset tokenization within Russia’s regulated financial system.
Banking sector prepares for new crypto rules
The planned launch follows comments from First Deputy Chairman of the Central Bank Vladimir Chistyukhin, who has said the new digital asset framework is expected to take effect on Sept. 1. Under the legislation, companies offering cryptocurrency custody, trading services and cross-border settlements would be required to operate under a licensing regime.
Separately, Russia’s second-largest lender, VTB, and T-Bank Group have also announced plans to establish digital asset depositories after the law comes into force, RBC reported. Moscow Exchange has likewise said it intends to begin crypto-related operations before the end of 2026.
The preparations come as Russia also moves ahead with its digital ruble rollout. Earlier this month, Bank of Russia Governor Elvira Nabiullina said the central bank remains on track to launch the central bank digital currency on Sept. 1, with major banks expected to begin offering digital ruble services through their applications from the same date.
The firm is not interested in buying rivals, Domingo said. “They’re not going to bring anything to me that I don’t have in terms of tech.”
Instead, Domingo said Securitize is looking at businesses that complement its institutional tokenization offering, aiming to build a broader “one-stop shop” for customers.
“We’re going to look at what things are adjacent to tokenization that either our existing customers from the tokenization space,” he said.
Tokenization of public markets
The broader tokenization market has grown rapidly as banks, asset managers and exchanges embrace blockchain-based financial infrastructure. Tokenized real-world assets now exceed $32 billion, RWA.xyz data shows. Citi has projected tokenized securities could grow into a $5.5 trillion market by 2030, while Boston Consulting Group and Ripple estimate the sector could reach $18.9 trillion by 2033.
Much of that momentum is now shifting beyond tokenized Treasury funds toward public markets.
Earlier this year, NYSE parent Intercontinental Exchange (ICE) partnered with Securitize to develop infrastructure for tokenized equities. The company also teamed up with transfer agents Computershare and Continental to enable public companies to issue shares directly on blockchain rails.
Elsewhere, Nasdaq has publicly explored tokenization initiatives, while DTCC, the backbone of U.S. securities settlement overseeing more than $114 trillion in assets, recently unveiled plans to introduce a tokenized securities platform targeting an October launch.
Key takeaways
- Bitcoin, Ethereum, and XRP started the week holding onto last week’s strong gains.
- Ethereum is approaching its 50-day EMA near $1,806, a key hurdle for extending its recovery.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) began the week on a constructive note after surging over 6%, 13% and 10% in the previous week.
BTC holds steady below $63,000, ETH approaches a key technical resistance at $1,800, while XRP has broken above the upper boundary of a falling channel, strengthening the bullish outlook.
Ethereum tests key resistance near the 50-Day EMA
Ethereum (ETH) is also extending last week’s recovery after climbing more than 13%, trading near $1,784 on Monday.
The cryptocurrency is approaching a significant technical hurdle at the 50-day EMA around $1,806, which currently serves as the first major resistance level.
Despite the recent rebound, Ethereum remains below the 100-day EMA near $1,972 and the 200-day EMA around $2,241, leaving the broader trend tilted to the downside.
However, technical momentum continues to strengthen. The RSI is hovering near 57, indicating healthy buying momentum, while the MACD remains firmly positive, suggesting bulls continue to regain control after recent weakness.
If ETH successfully breaks above the 50-day EMA, attention would shift toward resistance near $1,972, followed by the psychologically important $2,000 level and the 200-day EMA around $2,242.
On the downside, the strongest support remains near $1,385, where buyers previously stepped in to defend the market.
Bitcoin, Ethereum, and XRP have all entered the new week with improving momentum following strong performances last week.
While each asset faces important technical resistance, bullish indicators continue to strengthen.
A decisive move above $64,000 for Bitcoin, $1,806 for Ethereum, and continued strength above XRP’s channel breakout could reinforce the recovery across the broader cryptocurrency market and set the stage for further gains.
The world’s largest corporate holder of bitcoin made the headlines earlier today by making its second BTC sale in just a few months.
Aside from the immediate effect on the asset’s price, it also coincided with a popular technical tool turning bearish and suggesting another move lower soon.
The Significance of This Sale
It was just over a month ago when Strategy announced its first sale in four years. It was a rather small one of just 32 BTC – nothing compared to its 840,000+ fortune. However, the first week after the news went live painted a very clear picture: the company’s moves, being the largest corporate holder of the biggest cryptocurrency, could have a major impact on the perception and performance of the underlying asset.
BTC nosedived from $74,000 at the time of the sale’s announcement to under $60,000 in less than a week. Yes, there were other factors at the time, but Strategy’s move was widely considered arguably the most significant. And that was a sale of just 32 BTC.
Earlier today, the firm’s co-founder and former CEO, Michael Saylor, highlighted another bitcoin distribution. This time, it was substantially bigger as Strategy disposed of 3,588 BTC worth $216 million. It said the sale was to fund dividends on its Digital Credit securities, which was aligned with the previous week’s announcement about the creation of the Digital Credit Capital Framework.
There was an immediate impact on bitcoin’s price as the asset, which had already retraced from $64,000 to $63,000, dipped below $61,500, where it found some support. However, there could be more pain ahead, at least according to one popular metric.
TD Sequential Says Sell
Ali Martinez was quick to flag that the TD Sequential, a metric used to determine the underlying asset’s market exhaustion in either direction, had flashed a sell signal amid Strategy’s announcement.
He believes the combination of these two factors is not something the “bulls want to see,” as they open the door for a more profound correction. Given the June developments and subsequent crash for BTC after the 32-unit sale, it’s safe to assume there’s merit to his prediction.
Bitcoin just flashed a TD Sequential sell signal as Michael Saylor’s Strategy sold $215 million worth of $BTC.
Not exactly the combination bulls want to see. https://t.co/9h2D9lgvuj pic.twitter.com/UcQoiem7d3
— Ali Charts (@alicharts) July 6, 2026
The post Sell Signal Flashes: What Strategy’s Massive $216M Sale Means for Bitcoin’s Price appeared first on CryptoPotato.
58% of the registered US voters say President Donald Trump’s war in Iran was not worth the cost, according to a new Financial Times poll.
The result lands as the White House seeks Congress’s approval for $67 billion in spending linked to the US war on Iran. According to the White House, most of the funding would go to the US Department of Defense.
Voters Doubt the US-Iran Deal
The poll surveyed 1,795 registered voters between June 26 and 30. It was conducted by Focaldata with a margin of error of plus or minus 2.7 percentage points.
44% said the US now stands weaker against Iran. Only 31% said the conflict left Washington stronger. The doubts extend to younger Americans. An earlier Generation Lab survey of adults aged 18 to 34 found 77% called the strike the wrong decision.
The results also showed skepticism among voters regarding the US-Iran memorandum of understanding. 66% believe the memorandum would make little or no difference “to peace or stability in the Middle East or would increase instability and make conflict more likely.” Just one in five expect the deal to lead to peace.
Follow us on X to get the latest news as it happens
Iran War Weighs on Trump’s Approval
The war pushed petrol and other consumer prices higher this year. That economic strain continues to drag on the president’s standing four months before November’s midterm elections.
Just 36% of voters approved of Trump’s performance, a two-point drop from the previous month. Among independents, approval fell eight points to 21%.
Moreover, the poll pointed to Democratic momentum ahead of November’s midterms. On the question of congressional support, Democrats led 44% to 38%, widening their edge from four points a month earlier to six.
Republicans found some encouragement in turnout intent. Three-quarters of self-identified Republicans rated their likelihood of voting at 8 or higher on a 10-point scale, compared with 69% of Democrats and 56% of independents.
With control of both chambers at stake in November, the poll signals rising political risk for Trump. The coming months may test whether the fragile truce with Iran holds.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
The post 58% of US Voters Say Trump’s Iran War Was Not Worth the Cost, Survey Finds appeared first on BeInCrypto.
MicroStrategy appears to have reduced its Bitcoin holdings by 3,588 BTC over the past week, a figure significantly larger than earlier market speculation centered on a rumored 491 BTC transfer.
The change, reflected on the company’s Bitcoin treasury dashboard, has reignited debate over the firm’s evolving treasury strategy and whether its long-standing buy-and-hold approach is shifting.
Strategy Sold 3,588 Bitcoin—7x More Than Rumors Suggested
Strategy has confirmed it sold 3,588 Bitcoin over the past week. Executive Chairman Michael Saylor said the company raised approximately $216 million to fund dividends on its Digital Credit securities, marking Strategy’s largest Bitcoin sale since its 2022 tax-loss transaction.
Follow us on X to get the latest news as it happens
The disclosure provides long-awaited clarity after speculation intensified when Strategy’s Bitcoin holdings fell on its public treasury dashboard.
“As of July 5, 2026, we hodl ₿843,775 in our BTC Reserves and $2.55 billion in our USD Reserves,” Saylor confirmed.
MicroStrategy’s official treasury data shows two separate reductions during the reporting period:
- June 30: -1,363 BTC
- July 6: -2,225 BTC
Combined, the transactions reduced the company’s Bitcoin holdings by 3,588 BTC, leaving Strategy with 843,775 BTC, still the largest corporate Bitcoin treasury in the world.
Rumors Underestimated the Scale
The confirmation follows widespread speculation after on-chain analysts identified a 491 BTC transfer believed to be linked to Strategy.
At the time, there was no official confirmation, and many viewed the movement as a relatively insignificant transaction. Saylor’s statement now reveals the company ultimately sold more than seven times the amount initially rumored.
The sale also represents a notable shift in Strategy’s treasury management. While the company has built its reputation on aggressively accumulating Bitcoin, it recently introduced a monetization framework allowing selective BTC sales to support corporate financing activities.
Why the Sale Matters
Although 3,588 BTC represents less than 0.5% of Strategy’s total holdings, it is the company’s first major operational Bitcoin sale after disposing of just 32 BTC earlier this year for dividend-related obligations.
The transaction demonstrates that Strategy is willing to monetize a small portion of its Bitcoin reserves without abandoning its long-term accumulation strategy.
Even after the sale, the company retains 843,775 BTC alongside $2.55 billion in U.S. dollar reserves, reflecting the scale of its balance sheet.
The Bitcoin price slipped below $62,000 following the news, and was trading for $61,950 as of this writing.
The post MicroStrategy Sold 7x More Bitcoin Than Reports Suggested appeared first on BeInCrypto.
The Tom Lee-chaired Bitmine Immersion Technologies continues with its Ethereum accumulation strategy, even though it has eased off the gas pedal compared to several weeks ago when it made multiple 100,000 ETH purchases.
In its latest announcement, it said it had added 42,197 ETH over the past week and now controls 4.8% of Ethereum’s circulating supply of 120.7 million tokens.
Closing In on 5%
The latest treasury update published minutes ago indicated that the firm held 5,742,237 ETH as of July 5, valued at over $10 billion at prices of around $1,800. However, the token has slipped to $1,740 as of press time, meaning that the company’s unrealized losses are up to $9-$10 billion again.
In addition to its Ethereum fortune, Bitmine also holds 206 BTC, $527 million in cash and marketable securities, and strategic investments in Beast Industries and Eightco Holdings worth a total of $251 million.
Chairman Tom Lee continues to favor ETH over BTC, especially if the CLARITY Act passes in the United States, which many analysts believe will help the altcoin more. Additionally, he remains a firm believer in the upcoming ‘crypto spring’ as the bear market phase has almost been exhausted.
“Over the past week, we acquired 42,197 ETH, increasing our pace from the prior week. We continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of crypto spring. Bitmine is expected to reach the ‘alchemy of 5%’ sometime in 2026,” stated Lee.
Bitmine remains the second-largest crypto accumulator, trailing only Strategy. However, the gap between the two has been slightly reduced over the past week as the Saylor-led company sold over 3,500 BTC.
Staking Business
The statement further stated that Bitmine continues to allocate a significant portion of its ETH holdings to staking to generate substantial revenue. It has already staked nearly 4.9 million tokens, or about 85% of its total holdings, through its own institutional platform, MAVAN.
Based on a current staking yield of 2.68%, the company projects annualized staking rewards of approximately $235 million. If it deploys all of its ETH fortune, then the numbers could rise to $277 million.
The post Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach appeared first on CryptoPotato.
Crypto World
WhiteBIT Launches Redesigned VIP Program Allowing Qualification via Balance, Trading, or Lending
[PRESS RELEASE – Vilnius, Lithuania, July 6th, 2026]
WhiteBIT, the largest European exchange by traffic, has redesigned its VIP Program to make VIP status easier to reach and easier to keep. Instead of meeting two metrics at once, members now qualify by satisfying any single criterion — average balance, spot volume, futures volume, or crypto lending.
The four qualification paths
The redesign was built around how professional users actually manage their capital — not around a single fixed formula. Meeting any one of the following is enough:
- Average Balance — monthly average of assets held, with no trading required;
- Spot Volume — spot and margin activity, including Convert, sub-accounts, and trading bots;
- Futures Volume — derivatives trading activity;
- Crypto Lending — value held in active Crypto Lending fixed plans of 30 days or more.
How it works
- Automatic. The system assigns the highest level a user qualifies for — no application needed — and applies upgrades within 24 hours.
- Protected. A downgrade happens only when all four metrics fall below their thresholds and the grace periods pass, so a temporary dip in one area won’t cost a member their level.
- Transferable. An existing VIP level on another exchange can be moved over through verification; transfers are assessed on trading volume only.
To see the difference in practice: consider a member whose trading slows down for a quarter, but who holds part of their portfolio in a 60-day Crypto Lending plan. Under the old model, that wouldn’t have been enough on its own — balance and volume had to combine. Under the new one, the lending position alone is enough to hold their level.
Why it matters
The redesign rests on one principle: capital that’s already working for a member should count toward their status. The biggest shift is crypto lending — previously, assets in lending plans were excluded from balance calculations, so funds earning yield didn’t count toward VIP standing. Now lending qualifies on its own, so capital can earn a return and build status at the same time.
The result is a program built to fit how members actually operate — active trading, long-term holding, or lending — rather than asking them to fit a single formula. Resting on four independent routes also makes status more stable: progress in any one area is enough to hold a level, even if another slows down. Support has been strengthened to match: from the first level onward, members get a dedicated personal manager, reachable via Telegram, email, WhatsApp, or a scheduled call.
VIP membership unlocks reduced trading fees, higher operational limits, and priority service — and the redesigned program makes reaching and keeping that status more reflective of how members already use the platform.
About WhiteBIT
WhiteBIT is the largest European cryptocurrency exchange by traffic, offering over 780+ trading pairs, 340+ assets, and supporting 8 fiat currencies. Founded in 2018, the platform is a part of W Group which serves more than 35 million customers globally. WhiteBIT collaborates with Visa, FACEIT, FC Juventus, FC Barcelona and the Ukrainian national football team. The company is dedicated to driving the widespread adoption of blockchain technology worldwide.
The post WhiteBIT Launches Redesigned VIP Program Allowing Qualification via Balance, Trading, or Lending appeared first on CryptoPotato.
Cantor said Strategy’s (MSTR) top priority is restoring its STRC preferred stock to par, arguing that doing so is key to restarting the company’s bitcoin acquisition engine and strengthening its capital structure.
After meeting with Executive Chairman Michael Saylor, the Wall Street investment bank said it came away more confident in management’s plan to stabilize the balance sheet and revive capital raising.
In early Monday trading, STRC changed hands at $87.79, bitcoin was near $61,800, and MSTR was down 3.4% at $97.34. Just minutes ago, Strategy announced the sale of $216 million of bitcoin, with the cash to be used to fund STRC dividends.
Rather than viewing preferred holders, common shareholders and bitcoin investors as competing interests, the bank argued STRC is the foundation of Strategy’s funding model.
“This makes it a good time to either buy STRC—capturing both the spread to par as well as the instrument’s substantial yield—or to buy shares of MSTR common—which should rally as the overall capital structure moves to firmer footing,” analysts led by Ramsey El-Assal said in the Monday note to clients.
Portugal vs Spain: World Cup 2026 prediction, kick-off time, team news, TV, live stream, h2h results, odds today
Analysis: Exposure therapy puts WA on notice
DeFi protocol Summer.fi halts Lazy Summer vaults after $6 million exploit
-
Fashion3 days agoWeekend Open Thread: High Hopes
-
Politics3 days agoThe House | “Reframing the debate from a binary discussion of winners and losers”: Yuan Yang reviews ‘We Are Not Machines’
-
Crypto World7 days agoStrategy authorizes up to $1.25B in Bitcoin sales under new capital plan
-
News Videos6 days agoHow to Build INSANE Live Financial Dashboards With Claude
-
Tech7 days agoAnonymous researcher drops 0-day ‘exploitarium’ repo
-
Business6 days agoAustralia treasurer says alleged access of prime minister’s bank data ’incredibly concerning’
-
NewsBeat1 day agoTaylor Swift and Travis Kelce wedding staffer hilariously struggles to keep her cool while checking in megastars
-
Crypto World5 days agoAirdrop Registration Becomes Key Focus For Remittix As RTX Launch Updates Approach
-
Sports5 days agoBroncos roster: OL Ben Powers (No. 74) entering final year of contract
-
Business7 days agoThe AI boom won’t burst all at once. It will pop in ‘rolling bubbles’: Macquarie
-
Crypto World4 days agoBinance stock trading tops $1B in first month after launch
-
NewsBeat6 days agoPresenter Caroline Flack’s brother Paul Flack dies aged 55
-
Crypto World5 days agoAlibaba-affiliate Ant Group enters the humanoid robot market with 12 deals
-
NewsBeat4 days agoNew exhibition reflects five decades of movement between island of Ireland and GB
-
Crypto World3 days agoStandard Chartered Secures MiCA License as ESMA Adds 37 New Crypto Firms
-
Crypto World1 day agoSouth Africa proposes crypto tax guidance under existing rules
-
Business5 days agoMeta Platforms Stock Jumps 7% Today as Bloomberg Reports Company Plans to Enter the Cloud Business
-
Tech1 day agoLenovo laptops are now shipping with YMTC SSDs, a sign of Chinese NAND entering the mainstream
-
Business3 days agoWhat a 10 Percent Drop Means for Buyers, Sellers and Renters
-
Crypto World4 days agoBinance Re-Enters Philippines As EU MiCA Rules Restrict Access
You must be logged in to post a comment Login