Binance ‘red teams’ its own staff every month to keep hackers out

Cryptocurrency exchange Binance has been running simulated phishing attacks against its own employees for the past four years and can fire staff who repeatedly fail the tests, according to Binance chief security officer Jimmy Su.

The fake attacks are conducted by Binance’s red team, an internal ethical hacking unit whose job is to break into systems to identify vulnerabilities.

“We do phishing attacks on our own employees on a monthly basis just so we understand if our security hygiene is improving,” Su told Cointelegraph. “The ones that have failed it, we will do remediation training.” 

In February, AMLBot estimated that 65% of crypto security incidents in 2025 were driven by social engineering.

India’s BitChat GitHub takedown order ‘unconstitutional’

India’s Internet Freedom Foundation (IFF) has condemned a government order directing GitHub to remove repositories for Jack Dorsey’s decentralized messaging app BitChat, calling the move unconstitutional and warning it threatens free speech and open-source software.

The statement came a day after India’s cybercrime agency ordered GitHub to disable access to three BitChat repositories within three hours, saying the decentralized messaging app could be used to bypass internet shutdowns, evade lawful surveillance and facilitate unlawful activities.

BitChat is a decentralized messaging app that routes encrypted messages between nearby devices over Bluetooth without relying on internet connectivity or centralized servers.

Since its release in July 2025, the app has gained traction during periods of unrest and internet outages in countries including Madagascar, Nepal, Uganda, Jamaica and Iran.

More crypto news from India:

— India’s Central Board of Direct Taxes (CBDT) has issued guidance directing crypto exchanges to report all transactions on their platforms to the Income Tax department.

Balaji’s Network School turns to Kazakhstan amid Malaysian setback

Balaji Srinivasan’s utopian Network School looks set to move to Kazakhstan after Malaysian authorities revoked its business license over alleged premises-use violations. 

A memorandum of understanding was signed between Kazakhstan’s Minister of Digital Development and Srinivasan to establish a campus in the country which has been positioning itself as an emerging technology hub, and has plans for Central Asia’s first “crypto city” in Alatau.

The Network School had been at the centre of a scandal involving hosting Israeli citizens given the Muslim majority country has no diplomatic relations with Israel. The US State Department called in the Malaysian envoy to ask for an explanation about the country’s apparent policy of deporting dual citizens with Israeli passports.

Source: The Times of Israel/Reuters

South Korea crypto volumes shrink as retail investors shift to stocks

South Korea’s five major crypto exchanges have seen their combined trading activity fall by 89% year over year, even as the country’s stock market surged.

The Korea Composite Stock Price Index (KOSPI) benchmark more than doubled over the period, while volumes across the country’s largest won-based crypto platforms fell off a cliff.

Cointelegraph reviewed CoinGecko’s historical 24-hour volume readings for Upbit, Bithumb, Coinone, Korbit and Gopax, comparing seven-day periods in July 2025 and July 2026.

On a combined basis, average daily volume fell about 89%, to $305 million from $2.82 billion in the comparable July 2025 period. 

More crypto news from Korea:

— South Korean crypto exchange Korbit will reportedly rebrand as Digital X after becoming part of Mirae Asset Group. 

— South Korea’s KB Kookmin Bank will launch a blockchain-based cross-border payment service for import and export businesses in August using JPMorgan’s Kinexys network.

— South Korean regulators have removed 29 unlicensed crypto exchange apps from the Google Play store. Affected apps include those from OKX, Bybit, MEXC, Kucoin, Gemini, Backpack, and BitMEX.

— North Korean authorities have reportedly arrested a group of former state cyber operators and IT specialists accused of hacking two state banks and laundering stolen funds through cryptocurrency.

Thailand SEC files complaint against Bitkub over alleged false disclosures

Thailand’s SEC filed a criminal complaint against Bitkub and two former directors over alleged false disclosures linked to a 2021 cyberattack involving $50 million in assets.

The complaint names former Bitkub directors Sakolkorn Sakavee and Thaweesap Rawan, who the SEC said were responsible for submitting company reports during the period under investigation.

The case comes as Bitkub’s parent company considers a potential public listing, putting renewed attention on transparency and governance at one of Thailand’s most prominent crypto businesses.

More crypto news from Thailand:

— Thailand’s Kbank has signed a memorandum of understanding with BPMG and HashKey Group to develop stablecoin-based cross-border remittance services.

— Thailand authorities have raided seven illegal Bitcoin mining operations after uncovering large scale electricity theft. More than 1900 crypto mining machines were seized.

One of two Bitcoin mining warehouses in Samut Sakhon alleged to be stealing power. Source: DSI Facebook page.

Philippine bank BPI plans stablecoin payments pilot

The Bank of the Philippine Islands (BPI) is planning to pilot a stablecoin-based settlement rail for cross-border payments to freelancers, virtual assistants and other workers receiving overseas income.

Developed with global digital clearinghouse Meridian, the system is intended to reduce the cost and processing time of inbound payments while retaining safeguards used in traditional banking transactions, according to ABS-CBN and the Philippine Daily Inquirer.

Stablecoins would be used as a settlement instrument before the funds are converted to Philippine pesos and credited to recipients’ BPI accounts. 

Coinbase to expand Singapore office headcount by 25%: Report

Cryptocurrency exchange Coinbase plans to expand its presence in Singapore and grow its headcount from 150 to about 200 staff members by the end of 2026. 

The cryptocurrency exchange is mainly looking to hire more engineers, customer service, relationship management staff and institutional sales representatives for its Singapore office, which opened at One Raffles Quay on Wednesday.

Hassan Ahmed, Coinbase’s country director for Singapore, told the Business Times the exchange plans to expand its operations in Singapore because the city state is increasingly becoming a strategic hub for cryptocurrency innovation.

More Singapore crypto news:

— The Singapore Police Force and the U.S. FBI signed a memorandum of understanding to strengthen joint operations on online scams including crypto related scams, cyber fraud, and money laundering cases.

— Singapore based payments firm Triple-A reportedly lost $11.8 million after its hot wallet was drained. The firm said it was investigating but no customer funds were affected.

— The Monetary Authority of Singapore has tightened monetary policy, which will lead to the Singapore dollar appreciating by about 1% per year.

Hong Kong crypto giant HashKey merges regional exchange into one

Hong Kong digital asset services business HashKey Holdings has merged its HashKey Exchange and HashKey Global exchanges into a single platform and application.

Core jurisdictional hubs including Hong Kong, Singapore, the Middle East (Dubai) and Bermuda have been merged under a single platform.

The idea is that all users download the same application wherever they are, while the platform manages compliance on the back end with local regulatory frameworks.

News in brief from China

— A Hunan man was penalized under the Anti-Telecom and Online Fraud Law for reselling virtual currency for profit and for lending out his relative’s payment accounts to others so they could receive and transfer funds.

—Authorities in Shenzen have closed down numerous social media accounts for hyping up cryptocurrencies.

Tether holds 97,141 bitcoin, enough to rank second among corporate holders if it were listed anywhere. It is not. There is no share, so there is no multiple, no premium, no discount, and no market referee on the largest private Bitcoin position in existence, funded by a business that earns more per employee than any company on earth.

Every large corporate Bitcoin position in the world has a price attached to it, and not the price of the coins. Strategy has an mNAV. So does every listed treasury company, tracked in real time across a hundred names by analytics platforms that publish thirty metrics apiece: enterprise value over Bitcoin net asset value, premium or discount, diluted variants, debt-adjusted variants, the entire apparatus a market builds when it needs to decide what a pile of Bitcoin inside a corporate wrapper is worth. That apparatus has one conspicuous blind spot, and it happens to contain the second-largest corporate stack on earth. Tether holds 97,141 BTC, roughly $6 billion at current prices, accumulated quarter after quarter since 2023 under a policy of committing up to 15% of realized operating profits to the asset. Ranking services note that if Tether were a public company it would sit second behind Strategy, and then they file it on a separate page for private companies, holdings listed, valuation column blank, because there is no share, no float, no enterprise value, and therefore no multiple to compute. The most-watched metric in corporate Bitcoin cannot be applied to one of corporate Bitcoin’s largest holders. This piece is about that gap: what Tether actually holds, how the accumulation is funded, why the absence of a market price is more consequential than it sounds, and what a rating agency sees when it looks at the same balance sheet.

Ethereum price rallied 5% to $1,966 on July 27 as surging spot demand, short liquidations, and tighter available supply pushed ETH toward the key $2,000 barrier.

Ethereum price rally targets $2,000

According to data from crypto.news, Ethereum (ETH) price climbed to around $1,966 after trading near $1,870 during the previous session, extending a recovery that began from its June low near $1,512. The latest move brought ETH within 2% of the psychological $2,000 level.

Spot trading volume increased 118.53% over 24 hours to $9.21 billion, according to the supplied market data. Rising volume alongside price suggests buyers supported the advance rather than the move occurring during thin trading conditions.

The daily chart shows ETH reaching an intraday high of $1,981.24 before easing toward $1,964. That high closely matches the 100% Fibonacci retracement level at $1,981.50, making the $1,981–$2,000 area the first major test for the recovery.

Ethereum has already reclaimed the 78.6% Fibonacci level at $1,880.97. Below that price, the next retracement levels sit at $1,802.05, $1,746.62, and $1,691.19.

The daily Supertrend has also switched to bullish support at approximately $1,772.31. ETH would need to fall below that level before the broader recovery structure faces a more serious invalidation risk.

Spot demand and supply pressure support ETH

Ethereum’s rally coincided with a sharp increase in market activity and a reported rise in its staking rate to a record 34%. Staked tokens cannot immediately enter the spot market, reducing the liquid supply available to buyers during periods of stronger demand.

Higher Layer 2 throughput and decentralized finance activity have also increased smart contract execution. Under Ethereum Improvement Proposal 1559, part of each transaction’s base fee is burned, removing ETH from circulation when network usage rises.

These supply conditions do not guarantee further gains, but they can magnify price movements when demand accelerates. A smaller pool of liquid ETH means buyers may need to bid at progressively higher prices to complete large spot purchases.

US spot Ethereum exchange-traded funds provide another source of demand. The supplied market context indicates that the products recovered from volatile outflows earlier in July and began recording more consistent net inflows.

For US investors, sustained ETF inflows would offer evidence that regulated demand is strengthening alongside activity in native crypto markets. However, the upcoming Federal Reserve interest-rate decision remains a key risk because a hawkish policy signal could reduce demand for high-beta assets such as ETH.

Technical indicators warn of short-term overheating

Ethereum’s 4-hour chart shows the price moving inside an ascending parallel channel that has guided the recovery since early July. ETH recently rebounded from the channel’s lower boundary near $1,850 and returned to the $1,965 region.

The Aroon Up indicator stands at 92.86%, compared with Aroon Down at 14.29%. That wide gap indicates that recent highs are arriving more frequently than recent lows, supporting the bullish short-term structure.

Momentum is becoming stretched, however. 4-hour relative strength index reached 73.36, above the conventional overbought threshold of 70 and well above its moving average at 55.41. This reading does not require an immediate reversal, but it raises the chance of consolidation or profit-taking near $2,000.

The daily moving average convergence divergence indicator remains constructive. Its MACD line sits at 46.51, above the 40.75 signal line, while the positive histogram reads 5.76. Those values show that upward momentum remains active despite ETH approaching resistance.

A daily close above $1,981.50 would clear the full Fibonacci recovery level shown on the chart. Bulls would then need to reclaim $2,000 as support before targeting the upper portion of the 4-hour channel near $2,050–$2,100.

Ethereum liquidations could accelerate the breakout

CoinGlass’s three-day liquidation heatmap shows concentrated leverage immediately above the current price. The strongest nearby clusters appear around $1,980–$2,000, with additional liquidity extending toward $2,040.

A move into those levels could force leveraged short positions to close through market purchases. That process may create another short squeeze and help ETH move through resistance, particularly if spot volume remains elevated.

The heatmap also maps downside liquidity around $1,945–$1,930, followed by larger concentrations near $1,900–$1,880. A rejection from $2,000 could attract price toward those areas as leveraged long positions unwind.

The largest lower cluster appears around $1,835–$1,850. That zone aligns with the 4-hour channel floor and gives bulls a major defensive area if ETH loses $1,880. A break below it would expose $1,802, followed by the daily Supertrend near $1,772.

Analysts map $2,350 to $2,500 ETH targets

According to market commentator Michaël van de Poppe, Ethereum may consolidate before beginning another upward leg.

“Matter of time until it runs towards $2,500 (which is the other side of the range).”

Analyst Ted Pillows also pointed to rising spot demand but placed the immediate condition at $2,000.

“If Ethereum manages to break and reclaim $2,000 here, it could rally to May highs.”

Pillows’ chart places intermediate resistance near $2,191 and a larger supply zone around $2,350–$2,400. These targets remain conditional on ETH closing above $2,000 and holding that level during a retest.

Failure to reclaim $2,000 would favor short-term consolidation toward $1,930 or $1,881. The bullish structure remains intact above the ascending channel floor, while a decisive loss of $1,850 would weaken the current recovery thesis.

As economic pressures rise, XRPPower is drawing attention with AI-powered digital asset services and questions about its platform model.

The ever-changing global situation and economic and financial market uncertainties are impacting the lives of more and more ordinary people. Rising prices, increased living costs, and financial market volatility have made “how to protect one’s income and savings” a pressing issue for many families.

For salaried workers, monthly salaries may increasingly struggle to cover rising living expenses; for ordinary businesses, operating costs and market changes bring new pressures; and for retirees, how to better utilize their accumulated savings to cope with future living expenses is also a real problem.

When existing income cannot meet expenses, some people choose credit cards, loans, or other borrowing methods to alleviate short-term financial pressure. However, borrowed money must eventually be repaid, and interest and debt may further increase long-term burdens. Therefore, finding additional sources of income besides wages is becoming a growing concern.

Entering 2026, with the rapid development of artificial intelligence and fintech, various automated digital asset services are also gaining attention. Against this backdrop, XRPPower has come into the public eye, proposing to provide 365-day-a-year digital asset services through an intelligent system.

However, for those hearing the name for the first time, the most important question might not be the number of features it advertises, but rather: What kind of platform is XRPPower? Does it actually exist? And can its described services and revenue model withstand scrutiny?

Yes, XRPPower is a genuine platform that offers long-term returns

According to publicly available information from XRPPower, it has been operating since 2023 and will continue to grow until 2026, entering its third year of operation. For a digital asset platform, long-term stable operation is sufficient proof of its reliability.

Meanwhile, XRPPower-related content has also been disseminated through multiple international internet and financial information channels, including GlobeNewswire, Yahoo, and The Globe and Mail. Users can search for the XRPPower name to find past press releases, company updates, and related information, gaining a deeper understanding of the platform’s true development trajectory from publicly available records at different times.

How to Get Started with XRPPower

1. Free Account Registration

Register for an XRPPower account using an email address to learn more about the platform and its product mechanisms. New users can also receive a $21 bonus for eligible contracts, depending on platform promotions.

2. Choose a suitable contract

The platform offers contract options ranging from $100 to $100,000, allowing users to choose flexibly according to their needs. Before purchasing, they can view the corresponding period, yield rules, and related terms.

3. Deposits and withdrawals

XRPPower supports deposits and withdrawals in major cryptocurrencies such as BTC, XRP, and USDC. Users can choose based on the supported currencies.

4. Daily contract earnings check

During contract execution, earnings generated according to the corresponding product rules will be automatically credited to an account balance, which can then be withdrawn.

5. Earn rewards by inviting friends

Users can share their invitation codes or links. After friends register and meet the corresponding conditions, you can receive referral rewards; according to the platform’s published plan, some referral rewards can reach up to 5%. Transparency, Intelligence, and Security: How Does XRPPower Lower the Barrier to Entry for Users?

Why are more and more people choosing XRPPower?

According to publicly available information, XRPPower is headquartered in London, UK, and prioritizes compliance with relevant laws, regulations, and requirements during its operations. Regarding contract issues, which are of great concern to users, the platform emphasizes transparency: the period, amount, profit rules, and related conditions of different yield contracts are displayed before purchase, allowing users to understand the rules before deciding whether to participate.

In terms of user experience, XRPPower applies an intelligent AI system to the platform. Whether a new user or an existing user, there is no need for frequent operations or long-term monitoring. After a user selects and purchases a contract, the system automatically runs according to the corresponding rules, making digital asset management simpler.

Regarding security and risk management, XRPPower states that it implements the auditing, risk management, and internal control concepts adopted by international professional institutions such as PwC, and enhances the platform’s protection capabilities through multi-layered account and fund security mechanisms.

Summary: Opportunities come from understanding and choice

Since 2023, XRPPower has reported over 3 million registered users. After three years of development, the platform has continuously improved its intelligent system, contract mechanisms, and digital asset services, providing global users with a simpler and more transparent way to participate.

For those seeking additional income opportunities, the first step is not blind investment, but understanding. Register NOW for XRPPower for free to view the platform’s contract rules, profit mechanisms, deposit and withdrawal processes, and related risks, and then decide whether to participate based on personal circumstances.

In today’s world of rising living costs and a constantly changing financial environment, more choices mean more possibilities.

Choice is sometimes more important than effort, and opportunities often favor those who are willing to learn in advance and prepare.

For more information, visit the official website.

Bitmine Immersion Technologies reported that it added nearly 10,000 Ether (ETH) over the past week, lifting its total ETH holdings to 5.79 million. The company disclosed the purchases in an update released Monday, with Ether now forming a substantial part of its overall treasury.

According to Bitmine, it holds 5.79 million ETH, representing about 4.8% of Ether’s total supply. Roughly 4.9 million ETH—about 85% of its position—is staked via the company’s validator operations, and Bitmine projected annualized staking rewards of around $299 million once all of its Ether is deployed across its staking infrastructure and partner validators. The company also said its total crypto assets, cash, and marketable securities total $11.8 billion as of July 26.

Key takeaways

• Bitmine Immersion Technologies increased its Ether holdings by nearly 10,000 ETH to 5.79 million.
• About 85% of Bitmine’s Ether position is staked through its validator operations.
• Bitmine projects annualized staking rewards of approximately $299 million once its full stake is deployed.
• The buys follow a week in which Ether outperformed Bitcoin, supporting a stronger ETH/BTC ratio.
• Bitmine’s accumulation approach appears to be diverging from Strategy, which has paused Bitcoin purchases in recent weeks.

Bitmine’s Ether treasury grows, with most coins staked

Bitmine’s latest disclosure centers on the continued expansion of its corporate Ether treasury. The company said it now holds 5.79 million ETH after purchasing nearly 10,000 ETH during the previous week.

Staking is a central part of that story. Bitmine stated that about 4.9 million ETH—around 85% of its holdings—are staked through its validator operations. In addition to describing its current staking footprint, the company gave an outlook for when its entire Ether balance will be placed across its staking infrastructure and partner validators. Bitmine projected annualized staking rewards of roughly $299 million once that process is complete.

From an investor perspective, the staking-heavy structure matters because it changes how treasury value may be expressed over time. Instead of relying solely on spot appreciation, Bitmine is explicitly tying a large portion of its ETH exposure to ongoing network rewards.

Why the timing looks strategic as ETH leads BTC

Bitmine’s purchases arrive during a period when Ether has been comparatively stronger against Bitcoin. According to CoinGecko data, ETH gained about 2.4% over the past seven days, while Bitcoin fell roughly 0.7% in the same timeframe.

In Monday’s announcement, Bitmine Chairman Tom Lee pointed to the rising ETH/BTC ratio as a signal. He characterized the ratio as being at a three-month high and said it indicated strengthening momentum for Ether.

Even if the immediate magnitude of daily price moves remains difficult to forecast, corporate buying decisions often reflect a broader view of relative positioning—particularly for firms seeking to build a dominant share of a given asset exposure. In this case, Bitmine’s continued accumulation coincides with a week where Ether has outpaced Bitcoin, reinforcing the narrative that its ETH thesis may be gaining traction across the market.

Bitmine vs. Strategy: accumulation strategies diverge

Bitmine has positioned itself as one of the most active corporate ETH treasuries. The company said it has built the world’s largest corporate Ether treasury and noted that it trails only Strategy among public companies by the value of its digital asset holdings.

However, the update also highlights a divergence from Strategy’s more recent approach. Bitmine’s accumulation strategy has recently differed from Strategy’s, which has paused Bitcoin purchases in recent weeks.

Earlier this month, Strategy announced it had raised $544.5 million through stock sales, repurchased $25 million of its STRC preferred shares, and increased its US dollar reserve to $3.75 billion, while maintaining holdings of 843,775 BTC.

That contrast matters because it underscores that “treasury strategy” is not uniform across the sector. While Bitmine appears to be leaning further into ETH accumulation and staking deployment, Strategy’s recent communications suggest a shift toward capital and reserve management around its BTC exposure. For observers, the key question is whether Strategy’s pause reflects timing, liquidity needs, or a longer-term recalibration of how it wants to allocate capital.

Total treasury size and staking deployment remain what to watch

Beyond the ETH purchase itself, Bitmine provided a snapshot of its broader balance sheet. The company said its crypto holdings, cash, and marketable securities total $11.8 billion as of July 26. This figure may help explain how firms sustain large, ongoing purchases without disrupting other liquidity priorities.

Looking ahead, two items are likely to draw attention. First, Bitmine’s projection of annualized staking rewards depends on full deployment of its Ether across its staking infrastructure and partner validators. Second, market participants will watch whether Bitmine continues adding ETH after this week’s purchases—especially given the near-term strength in ETH relative to Bitcoin and Bitmine’s interpretation of that movement via the ETH/BTC ratio.

For now, Bitmine’s disclosures reinforce that corporate Ether treasuries are increasingly paired with staking operations, turning holdings into a long-running revenue mechanism rather than a purely directional bet. The next signals to monitor are the pace of further ETH acquisitions and the timing of complete staking deployment relative to the company’s stated plan.

Strategy, the business intelligence firm best known for holding one of the largest corporate Bitcoin treasuries, continued reshaping its capital structure last week by combining common stock sales with buybacks of its preferred shares.

According to company disclosures, Strategy sold 5,429,160 shares of its Class A common stock through its at-the-market (ATM) program between July 20 and July 26, bringing in $544.5 million in net proceeds. In parallel, it repurchased 288,930 shares of its STRC preferred stock for $25 million, as detailed in a Form 8-K filed with the U.S. Securities and Exchange Commission on Monday.

Key takeaways

• Strategy raised $544.5 million in net proceeds via its July 20–26 ATM common stock sales.
• In the same period, the company repurchased $25 million worth of its STRC preferred stock through buybacks.
• Despite the capital activity, Strategy reported no Bitcoin buys or sales for July 20–26, keeping holdings steady at 843,775 BTC.
• Strategy’s U.S. dollar reserve increased to $3.75 billion as of July 26, up from $3.225 billion the previous week.
• Recent remarks by Michael Saylor on X fueled speculation about Strategy’s preferred-stock strategy, though the filings show only what the company actually executed.

ATM stock sales and preferred buybacks

Strategy’s latest capital moves were carried out through both of the mechanisms it has relied on to fund its broader financial strategy. First, the company used its at-the-market offering program to sell additional shares. The reported sale volume—5,429,160 shares of Class A common stock—translated into $544.5 million in net proceeds over the July 20–July 26 window.

Separately, Strategy used preferred share repurchases to alter its balance-sheet composition. The company repurchased 288,930 shares of STRC preferred stock for $25 million, according to the Form 8-K filed Monday.

Market reaction followed the news as traders digested the mix of issuance and repurchases. Yahoo Finance data referenced by the original reporting indicated STRC preferred shares were up about 2.3% to $88.90 ahead of the Nasdaq open, while Strategy’s common shares were also higher in Monday’s premarket activity.

Why the cash reserve matters for Strategy’s structure

Following additional fundraising through its ATM program, Strategy increased its U.S. dollar reserve to $3.75 billion as of July 26. The company’s prior reserve level was $3.225 billion the week before, meaning the latest funding cycle added roughly half a billion dollars to the cash buffer over a short period.

Just as important for investors is that Strategy reported no Bitcoin purchases or sales during July 20–26. Its Bitcoin holdings remained unchanged at 843,775 BTC, acquired at an average purchase price of $75,476 per bitcoin, for $63.69 billion in aggregate. In other words, the week’s financing activity appears to have been directed toward liquidity and capital structure rather than changing the size of the treasury.

Strategy’s growing cash reserve reflects an operational need that goes beyond flexibility in market conditions. The reserve is intended to support dividend payments on its preferred stock and interest payments on its outstanding debt—requirements that make near-term liquidity particularly relevant for a company balancing treasury strategy with obligations across its capital stack.

Saylor’s posts reignite debate on Bitcoin and banks

These financial filings arrived in the wake of renewed debate sparked by Strategy executive chairman Michael Saylor on X. Earlier in the week, Saylor’s comments pushed the same discussion back to the forefront: whether Bitcoin’s long-term growth depends on integration with traditional financial institutions.

On Sunday, Saylor wrote that rejecting Bitcoin’s links to financial infrastructure would deny access to most potential users. The argument drew criticism from some Bitcoin supporters, who argue that greater reliance on banks runs counter to Bitcoin’s original goal as a peer-to-peer electronic cash system designed to minimize the need for financial intermediaries.

Supporters and critics both claim alignment with Bitcoin’s fundamentals, but they emphasize different layers of adoption. For those skeptical of bank involvement, the concern is that mainstream routing through established institutions could undermine the network’s decentralized promise. For those taking Saylor’s position, the focus is on distribution—how institutions can act as conduits for broader user access.

The renewed discussion also followed an earlier Saylor post in which he wrote, “We’re gonna need another color,” prompting speculation among market observers about possible adjustments to Strategy’s preferred stock approach. While the speculation highlighted investor attention to Strategy’s preferred instrument strategy, the week’s documented actions remain tied to the specific transactions reported in regulatory filings.

What to watch next

With Strategy maintaining a steady Bitcoin position during the July 20–26 window while simultaneously building cash reserves and adjusting preferred shares, the next signals to monitor are whether future filings show additional preferred share changes, further increases in the dollar reserve, or a shift back toward Bitcoin purchases. The balance between financing activity and treasury execution is likely to remain the key question for investors tracking how Strategy translates capital markets access into long-term Bitcoin exposure.

Crypto token discovery is becoming more fragmented as projects adopt multi-platform visibility strategies across DEX screeners, wallets, explorers, and trading terminals.

Crypto token discovery no longer happens on a single chart. As traders move between DEX screeners, wallets, explorers and execution terminals, token teams need a coordinated visibility strategy built around real market activity and platform-specific requirements.

A token launch can be technically successful and still remain almost invisible. Creating a pool and enabling trading puts an asset on-chain, but it does not guarantee that traders will encounter it while browsing the tools they already use.

That discovery layer is becoming increasingly fragmented. A trader might notice a pair on DEX Screener, research it through DEXTools or GeckoTerminal, encounter it in Phantom, verify activity on an explorer, and then execute through a terminal such as Axiom, Padre or GMGN. For token teams, visibility is therefore no longer a single-platform task.

Discovery now happens at several layers

DEX screeners remain an important entry point because they organize large numbers of live pairs around activity, liquidity and attention. Yet screeners are only one part of the journey. Wallets have added token discovery surfaces, explorers highlight assets and activity, and trading terminals increasingly shape what active market participants see during fast-moving sessions.

The platforms do not all rank assets in the same way. DEX Screener’s official Trending documentation, for example, groups its signals into market activity, community engagement, and trust and credibility. It identifies factors such as volume, liquidity, transactions, unique makers, holders, page visitors, reactions and verified token information. The exact formula and thresholds are not public, and rankings remain competitive as market conditions change.

Phantom also gives users a dedicated way to explore trending tokens, while GeckoTerminal helps users identify pools gaining attention through on-chain activity and visits. These interfaces serve different moments in the research process, which means a campaign designed for one surface cannot simply be assumed to work on another.

Visibility signals are platform-specific

The common mistake is to treat trending as a switch. In reality, discovery systems observe a mix of conditions, and a token that is not ready can lose visibility as quickly as it gains it.

Before starting a campaign, teams should confirm the correct contract, chain, exchange and liquidity pool. Token information should be complete, and the selected pair should have enough liquidity and genuine market activity to remain usable. Community announcements should point traders to the same intended pair rather than dividing attention among several pools.

Timing also matters. A visibility push is easier to understand when it is connected to a real event such as a launch, product update, exchange expansion or active community campaign. Random activity without a clear reason for traders to investigate the token may produce impressions but little meaningful follow-through.

This distinction is important: visibility describes exposure on a discovery surface. It does not guarantee buyers, price appreciation or investment returns.

PandaBoost brings campaign workflows together

PandaBoost is a crypto visibility platform for token launchers, marketing teams and agencies. It provides platform-specific campaigns across DEX screeners, wallets, explorers and trading terminals rather than treating token discovery as a single generic placement.

Its current service lineup includes DEX Screener Trending, DEXTools Trending, GeckoTerminal Trending, Phantom Trending and Phantom Chat Trending, Solscan Trending, RugCheck Most Viewed, InsightX Trending, and Terminal Trending for Axiom, Padre and GMGN.

The value of this model is coordination. A team can choose the discovery surfaces that match its audience while keeping the campaign tied to one verified token and pair. That is more practical than assuming every trader begins research on the same website.

For teams focused specifically on DEX Screener, PandaBoost also publishes a detailed guide to DEX Screener Trending campaigns, including the platform’s disclosed ranking signals, campaign preparation, and live-position limitations.

New users can test one part of the workflow before placing a paid order: PandaBoost currently provides 20 free DEX Screener reactions for the correct token pair, with no card or wallet connection required. The test is designed to demonstrate reaction delivery; it is not a promise that a token will reach a particular trending position.

Try it first: Claim 20 free DEX Screener reactions for a token pair.

Visibility is not a substitute for market quality

No visibility service can repair a token that is not ready for public attention. Traders can still inspect liquidity, trading history, holder distribution, token information and security context. Sending more people to an incomplete profile or unstable market may expose weaknesses rather than build confidence.

A practical campaign therefore begins before the order itself. The team should verify the pool, update public information, check whether current metrics satisfy the selected platform’s requirements and choose a time when the community can support the announcement. During delivery, the same metrics need to be monitored because third-party rankings remain live.

Token teams should also separate campaign reporting from market performance. Useful visibility measurements can include placement range, duration, profile visits and engagement with the intended pair. Price action, trading decisions and conversion outcomes should be evaluated separately and without assuming causation.

A practical sequence for token teams

A coordinated visibility plan can follow five steps:

1. Verify the contract, chain, DEX and exact pool to be promoted.

2. Complete the token profile and review liquidity, volume and other eligibility conditions.

3. Identify where the target audience discovers and trades tokens.

4. Connect the campaign to a real launch event, update or community push.

5. Monitor visibility and market conditions separately throughout the campaign.

The broader shift is clear: token discovery has become multi-platform. DEX screeners still matter, but wallets, explorers and trading terminals now influence how traders move from first exposure to deeper research. Teams that plan around this fragmented journey can build more coherent campaigns while keeping expectations grounded in what visibility can — and cannot — deliver.

Strategy increased its U.S. dollar reserve by $525 million to $3.75 billion while keeping its Bitcoin holdings unchanged at 843,775 BTC. 

The company said the cash balance now provides 2.1 years of coverage for preferred stock dividends. The calculation reflects Strategy’s own reserve policy and does not guarantee payments under all market conditions.

The July 27 disclosure also showed that Strategy made no Bitcoin purchases between July 20 and July 26. Its Bitcoin reserve carries a purchase cost of $63.69 billion, including fees and expenses, at an average price of $75,476 per coin.

Common stock sales fund the larger cash reserve

Strategy sold 5,429,160 shares of MSTR common stock through its at-the-market programme during the week. Those sales produced $544.5 million in net proceeds. The company sold no STRF, STRC, STRK or STRD preferred shares during the reporting period.

The Form 8-K said the $3.75 billion reserve includes expected proceeds from shares that had not settled by July 26. Strategy created the reserve to support preferred dividends and interest on outstanding debt. The company’s headline description of “2.1 years of dividend coverage” therefore represents a management calculation based on current obligations and the stated cash balance.

Strategy still had about $22.98 billion available under its MSTR stock offering programmes after the latest sales. That capacity gives the company another route to raise cash, although future issuance depends on market conditions and would increase the number of common shares outstanding.

Strategy buys back STRC but purchases no Bitcoin

Alongside the stock sales, Strategy repurchased 288,930 STRC preferred shares for $25 million. It retained $975 million of authority under its preferred-stock repurchase programme and another $1 billion under its MSTR common-stock repurchase programme.

The company did not buy back MSTR shares during the week. It also made no repurchases of STRF, STRK or STRD. The STRC transaction shows Strategy using part of its capital plan to support its preferred securities while it builds the dollar reserve used for distributions.

The unchanged Bitcoin balance extends the company’s pause in accumulation. As crypto.news reported on July 13, Strategy raised $466.7 million through MSTR sales during an earlier week while holding the same 843,775 BTC. Its reserve stood at $3 billion at that time. A later update placed the cash balance at $3.225 billion before the latest increase.

Bitcoin holdings remain below their June peak

Strategy’s current Bitcoin total remains 3,588 BTC below the 847,363 coins it held in late June. The company sold those coins for about $216 million between June 29 and July 5 after adopting a framework that allowed selected Bitcoin sales to fund dividends, interest and reserve needs.

As previously reported, the sales marked a change from Strategy’s long-running accumulation model. The company then stopped buying Bitcoin and directed fresh common-stock proceeds toward cash. The latest filing shows no new Bitcoin sale, leaving the reserve unchanged at 843,775 BTC through July 26.

The company still holds the largest disclosed corporate Bitcoin reserve. However, the July update centres on liquidity rather than further accumulation. Strategy’s latest action increased direct cash coverage while reducing the immediate need to sell Bitcoin or raise new funds solely to meet scheduled distributions.

Dividend coverage remains a company estimate

Strategy describes its reserve as money intended to support dividends on preferred stock and interest on debt. At $3.75 billion, the balance equals about 25 months under the company’s current coverage measure. The filing does not lock the cash into a separate legal account or remove the board’s role in approving dividends.

Recent related coverage also examined Strategy’s internal BTC Rating. The company said Bitcoin could fall 11.4% annually for 5.8 years while its model maintained 1.0x coverage of net debt and preferred stock. Strategy created the metric itself and that no independent credit agency assigns it.

JPMorgan previously said building two to three years of cash coverage could ease concerns that Strategy might need to sell Bitcoin to fund preferred dividends. The new 2.1-year figure enters that range, although refinancing costs, dividend-rate changes, share prices and Bitcoin market conditions can alter the calculation.

Strategy has not announced when it will resume Bitcoin purchases. Its July 27 filing instead records a larger cash reserve, a $25 million STRC repurchase and another week without buying or selling BTC. Future weekly disclosures will show whether the company keeps directing stock-sale proceeds toward liquidity or returns to Bitcoin accumulation.