Crypto World
BIP-110 Bitcoin Fork Stalls at Two Blocks as Its Only Miner Quits
The Bitcoin chain enforcing BIP-110 has not produced a block since Saturday night, and the proposal's supporters — including Luke Dashjr, who maintains Bitcoin Knots and is chief technology officer of the mining pool Ocean — are now discussing a change to Bitcoin's proof-of-work algorithm…. Read the full story at The Defiant
BlackRock Canada has launched an exchange-traded fund that combines global equities with a 3% Bitcoin allocation, giving Canadian investors both exposures through one TSX-listed product.
Summary
- IBQT targets 97% equities and 3% Bitcoin through underlying iShares ETFs.
- The fund began trading on the Toronto Stock Exchange with a 0.22% management fee.
- BlackRock also launched XINT, covering more than 5,000 companies outside North America.
- BlackRock’s U.S. Bitcoin ETF attracted about $693 million last week.
IBQT combines global stocks with Bitcoin
The iShares Equity + Bitcoin ETF Portfolio, trading under the ticker IBQT, began trading on the Toronto Stock Exchange on Aug. 10.
IBQT targets a strategic allocation of 97% to equities and 3% to Bitcoin. Its stock exposure covers Canadian, U.S., international and emerging markets, according to BlackRock.
Rather than buying individual shares or holding Bitcoin directly, the portfolio invests mainly in other iShares ETFs. Its Bitcoin exposure comes through BlackRock’s Canadian iShares Bitcoin ETF, also called IBIT, which began trading on Cboe Canada in January 2025.
The structure lets investors obtain diversified stock and Bitcoin exposure through one listed security. BlackRock set IBQT’s annual management fee at 0.22%, including fees charged by its underlying ETFs.
“The launch of these two funds underscores our continued commitment to expanding access to investing for Canadians through low-cost, one-ticker solutions,” Steven Leong, head of Canada product and iShares at BlackRock, said in the announcement.
BlackRock launches international equity fund
BlackRock Canada also introduced the iShares Core MSCI All-International Equity Index ETF under the ticker XINT. The fund carries an annual management fee of 0.23%.
XINT tracks the MSCI ACWI ex North America IMI Index, which includes more than 5,000 large-, mid- and small-cap companies across over 40 developed and emerging markets.
The portfolio excludes Canada and the United States, making it a potential building block for Canadian investors who already hold North American stocks but want broader international exposure.
Both funds are managed by BlackRock Asset Management Canada through the RBC iShares alliance. BlackRock said its iShares business managed about $6.2 trillion across more than 1,700 ETFs as of June 30.
BlackRock expands packaged Bitcoin exposure
IBQT extends BlackRock’s move beyond standalone spot Bitcoin ETFs toward funds that combine crypto exposure with traditional investment strategies.
In June, the asset manager launched its Bitcoin income ETF BITA in the United States. BITA invests mainly in BlackRock’s U.S.-listed iShares Bitcoin Trust and sells covered call options to generate monthly income.
IBQT takes a more conservative approach. Bitcoin represents only 3% of the target portfolio, meaning the fund’s performance will remain primarily tied to global equity markets. However, changes in Bitcoin’s price could still raise or reduce the crypto share between portfolio rebalancing periods.
The fund also exposes investors indirectly to the fees, volatility and market risks attached to the underlying Canadian Bitcoin ETF. BlackRock states that ETF values can change frequently and are not guaranteed.
U.S. IBIT continues to lead ETF demand
BlackRock’s U.S.-listed iShares Bitcoin Trust remains the largest American spot Bitcoin ETF by assets. Its scale provides a comparison for the asset manager’s more limited Canadian allocation strategy.
U.S. spot Bitcoin ETFs attracted about $853.5 million over five consecutive sessions from Aug. 3 through Aug. 7. BlackRock’s IBIT accounted for an estimated $693 million, or roughly 81% of the total.
IBQT is listed in Canada and is therefore separate from BlackRock’s U.S. products. Its launch nevertheless shows how regulated Bitcoin exposure is moving into broader portfolio funds rather than remaining limited to standalone crypto investment vehicles.
The product’s 3% target also limits Bitcoin’s influence compared with a spot ETF, while allowing investors to maintain exposure if the asset rises. Future demand will show whether Canadian investors favor this pre-set allocation over holding equity and Bitcoin funds separately.
BlackRock Canada launched two exchange-traded funds Monday, including a portfolio that combines globally diversified equities with a 3% allocation to Bitcoin.
The two funds, which began trading on the Toronto Stock Exchange, are the iShares Equity + Bitcoin ETF Portfolio (IBQT) and the iShares Core MSCI All-International Equity Index ETF (XINT).
IBQT allocates 97% of its portfolio to Canadian, US, international and emerging-market equities and 3% to Bitcoin (BTC) exposure through BlackRock’s Canadian iShares Bitcoin ETF (IBIT), which trades on Cboe Canada. Rather than investing in individual stocks, IBQT primarily holds other iShares ETFs to provide its equity and Bitcoin exposure.
XINT tracks the MSCI ACWI ex North America IMI Index, providing exposure to more than 5,000 companies across over 40 developed and emerging markets outside Canada and the US.
Both funds are managed by BlackRock Asset Management Canada through the RBC iShares alliance. BlackRock said its iShares business managed approximately $6.2 trillion in assets across more than 1,700 ETFs as of June 30.
The asset management giant’s US-listed iShares Bitcoin Trust (IBIT) is the largest US spot Bitcoin ETF by assets under management, with about $47.9 billion in AUM, according to CoinMarketCap data.
Top five US spot Bitcoin ETFs by AUM. Source: CoinMarketCap
Magazine: BIP-110 ends with a whimper, CLARITY vote punted: Hodler’s Digest, Aug. 9
USD/JPY climbed to 158.93 on Monday, its highest level this month. Just 10 days ago, Japan’s nearly $88 billion yen intervention had dragged the pair down from 164.
The yen is once again August’s weakest major currency. The fight may now be moving to Japan’s bond market, where 10-year yields sit near multi-year highs.
The $88 Billion Yen Intervention Is Already Fading
Japan’s Ministry of Finance bought yen on July 30 and 31, working through the Bank of Japan (BOJ). BOJ account data suggest the first day cost about ¥8.45 trillion, or $53 billion. That ranks among the largest single-day yen purchases ever.
A second round the next day added roughly $34 billion. Together, the two days cost Tokyo close to $88 billion. That came on top of an estimated ¥11.7 trillion spring campaign whose effect faded within weeks.
The United States then joined in, its first coordinated yen purchase since 1998. Washington sold euros for yen through the New York Fed. European officials reportedly learned of it only afterward.
The shock worked at first. USD/JPY tumbled from just under 164 to about 157.3 in early August, TradingView data shows. Monday’s bounce means the pair has already won back about a quarter of that drop.
Each rescue also costs more than the last. The US side reportedly spent $5 billion to $10 billion this time, versus $833 million in 1998. Japan went it alone in 2022 and 2024, and both of those rallies faded within weeks too.
The 1998 episode carries a lesson as well. Back then, the yen only turned decisively months later, when carry trades unwound and Tokyo moved to fix its banks. Buying yen bought time. Policy change did the rest.
Capital Keeps Leaving Japan
Goldman Sachs sees one reason the rescue is not sticking. Japanese investors kept buying foreign bonds at a strong pace in July, per a Goldman view. In short, money keeps leaving Japan faster than officials can pull it back.
The bank argues a BOJ rate hike next month would help the yen more than another rescue. Yet rate traders trimmed the odds of a September move on Monday, strategist Marc Chandler observed. The market, in effect, is daring officials to act.
Monday’s data gave the doubters more ammunition. Japan posted a ¥92.3 billion ($580.7 million) current account deficit in June, its first in 17 months. The current account is the country’s broadest ledger of money moving in and out.
Economists had expected a surplus of roughly ¥1.51 trillion ($9.5 billion). Instead, larger dividend payouts to foreign shareholders slashed Japan’s investment income by 74%. Costlier fuel imports pushed the trade balance into the red as well.
The full picture is less dire. Japan still ran a record ¥17.43 trillion ($109.7 billion) surplus in the first half of 2026, helped by strong chip exports. However, the June miss landed at the worst possible moment for yen sentiment.
Mohamed El-Erian, Allianz chief economic adviser, argues the fix lies in policy, not firepower.
“The yen has been weakening gradually since the large joint Japan–US FX intervention, a sharp reminder that the key to fixing a currency “mispricing” is getting the policy mix right. The longer Japan delays in doing so, the more elusive the goal of this historic intervention becomes,” he wrote.
Japan’s Bond Market Becomes the Real Test
Japan’s 10-year government bond (JGB) yield hit 2.807% on Monday, per TradingView. It has climbed from below 2% in January and now sits near multi-year highs.
That climb matters because Japan’s government debt tops 200% of GDP, the heaviest load among major economies. Every rate hike raises the state’s interest bill.
The BOJ itself is feeding that climb. At least three board members said the bank could raise rates faster than planned, its July meeting summary showed. Governor Kazuo Ueda reportedly signaled a possible September hike, a stance that helped pull Washington into the rescue.
For now, the central bank holds its policy rate at 1%. It has warned that core inflation could run above its 2% target.
Higher yields cut both ways for Tokyo. A faster hiking path would narrow the rate gap with the US and help the yen. It would also deepen the paper losses piling up on Japanese balance sheets.
Japan’s four largest life insurers already sit on roughly $96 billion in unrealized JGB losses. Japan is also the biggest foreign holder of US Treasuries, at about $1.14 trillion. A messy yield spike could force selling on both sides of the Pacific.
That risk explains why the US backed the rescue at all. Officials reportedly feared that runaway yen weakness would fuel Japanese inflation and lift bond yields worldwide. The currency defense, in other words, doubled as a bond market firewall.
Bitcoin Is Caught in the Middle
Crypto has skin in this game. Carry trades borrow cheap yen to fund bets on higher-yielding assets, so sudden yen strength forces messy exits. Bitcoin (BTC) slid to near $63,000 when the joint rescue first hit.
Traders remember how bad that can get. In August 2024, a surprise BOJ hike helped spark a global carry trade unwind. The Nikkei suffered its worst day since 1987, and Bitcoin briefly fell below $50,000.
The setup now cuts both ways for crypto. A September hike could squeeze carry trades again and drain liquidity from risk assets. A failed defense of the yen could instead push global yields higher, another blow to risk appetite.
The caution already shows. Bitcoin barely moved last week even as gold and silver staged a $2.7 trillion metals rally. Investors hunting a hedge went for metals first.
As of this writing, BTC changed hands at $64,038, steadily sliding further below the $65,000 threshold. That calm reads as wait-and-see, not an all-clear.
The near-term calendar offers plenty of triggers. US inflation data lands Wednesday, and a soft print could ease pressure on the pair. A push above 159 would revive talk of a second joint strike near 160.
September now looms as the decisive moment. A confirmed hike could finally narrow the rate gap, though it would push JGB yields, and insurer losses, higher still. Another hold would leave Tokyo defending 160 with reserves alone.
The $88 billion may have bought time rather than a turning point. Whether the yen finds a floor, and whether Bitcoin stays calm, could depend on how much bond market pain Japan is willing to absorb.
The post America Helped Save the Yen, The Market Just Took It Back, and Bitcoin Is Exposed appeared first on BeInCrypto.
Crypto World
Analyst Predicts Big Market Moves Before Q4 as Traders Grow Bored in Quiet Crypto Market
Crypto analyst Sykodelic said Bitcoin is building toward explosive moves well ahead of the Q4 low that many traders expect, as the market sits in an unusually quiet stretch that has left participants bored.
The trader has already entered a short position after a weak weekly close, looking for a quick drop that clears built-up liquidity before a reversal higher.
The Setup That Has Traders Watching Closely
Sykodelic described the current environment as one where “the lack of volatility and compression we are seeing here only ever finishes in one way. MASSIVE moves.” They noted that the quiet has left “everyone bored out of their minds” while they wait for Q4 lows, but added, “We are gonna move way before that. It’s gonna be soon.”
The trigger came when the $65,300 level was taken out, and Bitcoin posted a weak weekly close. “My short is filled,” they wrote. “After waiting weeks for a clear trigger, we now have one.” They expect a drop to $60,500 that would mark the final move lower before a meaningful advance.
Sykodelic has long viewed the February low near $60,000 as the major macro bottom and believes the market is close to moving higher overall. The short, they said, aims for a sharp liquidation that cleans up liquidity accumulated below for weeks.
That would create a bear-trap setup, where late sellers turn bearish and call for new lows, only for a quick reversal to squeeze them and push the price above $67,000 toward the mid-$70,000s.
“Whenever we have been sideways like this for a long time, a massive amount of liquidity builds up either side,” he wrote. “It is always so much better if the liquidity below is swiped before actually moving higher.”
That view lines up, loosely, with a separate read from Crypto Patel, who pointed to the fund market premium index holding around 0.14.
“For now, the signal is quietly bullish,” Patel wrote, adding that institutional selling pressure hasn’t shown up in the data yet, even with the premium sitting on the low side.
A Sideways Market With Mixed Signals
Bitcoin has given traders little to work with lately. It slipped to $62,200 early last week before buyers pushed it back to $65,000, only to get turned away thereafter when the CLARITY Act hit another delay in the Senate.
A weak jobs report on Friday gave it one more push to $65,400 before it settled back down, and it was trading near $65,000 at the time of writing, up about 0.8% on the day but still down close to 45% over the past year.
The quiet has produced some louder optimism elsewhere, including from analysts Ali Martinez, Michaël van de Poppe, and Merlijn The Trader, who all pointed to signs of a completed correction, citing everything from a rare monthly TD Sequential buy signal to what they read as a classic breakdown and reclaim pattern.
The post Analyst Predicts Big Market Moves Before Q4 as Traders Grow Bored in Quiet Crypto Market appeared first on CryptoPotato.
Crypto World
Trump Responds as Iran Says U.S. Must Meet These Six Demands If Strait of Hormuz Is to Reopen
Never threaten Iran with any language or insult the sanctities of this nation.
End the war and aggression against Iran and its allies in Lebanon, Palestine, Yemen, and Iraq forever.
Lift the naval blockade and withdraw its military forces (naval and air) from around Iran.
Pay the damages of the two wars of aggression and imposition on Iran without any reduction or reduction.
Lift the cruel and illegal sanctions against the Iranian nation.
Unconditionally release the frozen and stolen assets of the Iranian people.
If you’ve ever suspected your dog can read your mind—sussing out through some canine intuition when you’re happy, sad, scared, or cross—you’re half right. Many dogs can do exactly that, but it’s not mind-reading that’s involved: it’s face-reading. That’s the word from a new study in the journal iScience, in which researchers not only established dogs’ ability to discern human moods by examining our facial expressions, but also pinpointed the spots in the brain where that processing takes place. They did this by scanning canine brains with functional magnetic resonance imaging (fMRI).
Figuring out how dogs read human emotions
“This ability to perceive emotions in humans is really hard to find in other species,” says Rául Hernández Pérez, professor of psychology at the University of Vienna and first author of the study. “Chimpanzees have a harder time than dogs. Wolves can also do it, but not at the same level as dogs can.”
Getting a dog to tolerate an MRI scanner is no small matter. The same things that so often freak people out about the MRI experience—the confined space and the infernal noise—can have a similar effect on a dog. That was an impediment to the kind of study the researchers planned to conduct. In order for a brain scan of the proper fidelity to be produced, the dogs must spend a minimum of six minutes in the machine, moving less than three millimeters in any direction. “If they move more than three millimeters, we can’t use the data,” says Laura Cuaya, professor of biological psychology at the University of Vienna and a co-author of the study.
Looking for dogs who could perform that feat, she and Hernández Pérez recruited 14 cooperative canines, consisting of 11 border collies—a highly trainable breed—two golden retrievers, and one Labrador, the last three of which were already working as service animals.
The animals then went through a series of at least 20 training sessions—the first involving just introducing them to the researchers and building a sense of trust. Next, the dogs were taught to lie still for just five seconds in the position they would have to maintain in the MRI scanner. “We reward them with treats, though some dogs prefer to play as a reward,” says Cuaya.
Over the course of several days, that brief five seconds was steadily extended to 10 full minutes. The dogs were then introduced to the headphones they would have to wear while in the machine to protect their hearing. “The headphones are not uncomfortable, but they’re weird,” says Cuaya. Finally, the dogs practiced holding their pose in a mock MRI scanner, and only then were they ready for the real, clanking, buzzing, banging machine.
In the study, the dogs were positioned in the machine and shown pictures of a human face wearing either a happy or neutral expression. All the while the fMRI churned on, peering through the dogs’ skulls into the brain below and looking for the areas that lit up as a result of the visual stimuli. When the dogs saw pictures of happy people, their temporal cortex and caudate nucleus became active. In humans, the temporal lobe plays a role in forming memories, mastering language, responding to visual cues such as familiar faces, and processing emotions. The caudate nucleus processes rewards and motivation and manages learning and memory. The neutral face did not elicit the same response in either region.
Next, the dogs were once again shown images of happy and neutral faces, but along with those they were also shown angry, frightened, and sad ones. The researchers were trying to determine whether the dogs processed human faces in a binary way—registering the positive, happy face in one part of the brain and the three negative ones together in one other part, or if each negative emotion had its own discrete brain region.
“This would mean that the dog brain is not only categorizing emotions between positive and negative,” says Cuaya. “We were using this [stage of the experiment] as a demonstration that there is more detailed processing.”
What dogs’ brains reveal about the dog-human bond
That was the result they got. Sadness and fear, for example, lit up the right rostral supra sylvian gyrus—which, in humans, contributes to the processing of visual information. Anger and fear were processed in the right ectosylvian gyrus and the left splenal gyrus—the former integrating visual, auditory, and other sensory information, and the latter managing visual perception, spatial orientation, and episodic memory.
“We found that the dog brain is not only categorizing emotions as positive or negative, but instead can exhibit more detailed processing, responding in different ways to emotions,” says Hernández Pérez.
This isn’t the first study to find that dogs respond in unique ways to human faces. Other research has shown that when a human face is happy, for example, dogs look more at the eyes than the mouth. They examine emotional faces longer than they examine neutral ones. And they have more difficulty reading the faces of people who are of a different gender from their principal caregiver.
There are benefits to the study—beyond the simple matter of adding to the body of knowledge on how dog brains operate. Hernández Pérez and Cuaya believe their work can also help improve the already deep ties dogs and humans share.
“Humans are not so good at perceiving the emotions of our dogs,” says Cuaya. “We are confused by them. Maybe this work can be an invitation to try to be more aware of the emotions of our dogs and how they are expressing [them].”
That understanding can also pay dividends when we are training our dogs. “When you are teaching something to your dog, you can have treats on hand, and you can give the treats when they are appropriate. But you can also show your emotion. You can say to the dog, ‘Very good!’ The dogs in our MRI machine were already reacting to the faces of strangers. Think about how much more activation there is with a familiar face expressing, ‘I love you so much. I am happy with you.’”
The dog-human love story—which has been going on for some 14,000 years now—has been a long and tender one. The more we understand the canine contribution to that bond, the more we can improve our own.
The US Senate is moving the Digital Asset Market Clarity (CLARITY) Act toward a renewed floor push in mid-September after Majority Leader John Thune filed a cloture motion, according to reports from the Senate Daily Press and coverage of the filing by Cointelegraph. The procedural step is designed to bring the bill up for consideration, ending uncertainty that Congress might take additional action well beyond a year after the measure cleared the House.
As the Senate calendar reshuffles for a month-long recess, proponents of CLARITY say the delay is politically costly—coming with roughly 50 days before the 2026 midterm elections, a window that may compress lawmakers’ ability and appetite to finalize the bill.
Key takeaways
- John Thune filed cloture to advance the CLARITY Act to the Senate floor, with a vote now expected when the chamber reconvenes in mid-September.
- Even if the Senate votes, passage would require 60 senators, keeping the outcome highly dependent on broad bipartisan support.
- Industry leaders and advocates publicly criticized the lack of scheduling before the recess, while still framing September as the “finish the job” moment.
- Prediction market traders remain split: wagers on Kalshi imply strong odds of a September vote window, while Polymarket odds for passage within the current year look much lower.
Cloture filed as Senate returns from recess
On Saturday, Senate Daily Press reported that Majority Leader John Thune filed cloture on a motion to move the CLARITY Act to the chamber floor. The move, as described in coverage including this Cointelegraph report, reduces speculation that lawmakers would delay action beyond a year after the House passed the bill.
With the Senate set to reconvene in mid-September, the next procedural hurdle is not simply scheduling—it is the actual vote. Under Senate rules, CLARITY would need support from at least 60 senators to clear the chamber.
For advocates, the timing matters. Multiple industry figures have suggested that the push to September compresses the political runway ahead of the 2026 midterms. That compression could make it harder to assemble the supermajority needed to pass legislation of this scale.
Lawmakers’ delay draws frustration from crypto executives and senators
After the Senate did not set a vote before the recess, Senator Cynthia Lummis expressed frustration publicly. In a post shared Friday on X, cited in the reporting, Lummis said, “You can imagine how frustrated I am,” and added that she will “continue working with my colleagues to get this done,” characterizing the effort as “far from over” (Cynthia Lummis on X).
Crypto industry executives echoed the disappointment but did not pivot away from September. Coinbase CEO Brian Armstrong called the Senate’s action “disappointing,” while also indicating September would be when lawmakers “finish the job.” Coinbase’s chief policy officer Faryar Shirzad similarly pointed to September as the next push (Brian Armstrong on X) (Faryar Shirzad on X).
Not every market participant treated the setback as a meaningful break in momentum. Bitmine chair Tom Lee, in a company weekly report referenced in the coverage, suggested financial markets appeared more preoccupied with softer inflation and jobs data than with the implications of CLARITY stalling (Bitmine/PR Newswire).
Where negotiations may be stuck: ethics, investments, and stablecoin edge cases
Beyond pure scheduling, the broader legislative path has remained complicated. The coverage noted reports of progress in bipartisan discussions around crypto market structure, but also highlighted that Senate leaders did not announce solutions in response to Democratic calls for tighter ethics provisions—especially rules related to how President Donald Trump’s crypto investments are handled.
That ethics pressure sits within a larger political narrative in Congress. Reporting referenced continued scrutiny of Trump’s family’s crypto business, World Liberty Financial, and attention on a memecoin launched days before he took office.
Separately, there has been debate among banking advocates about how CLARITY’s framework could still allow certain activity involving stablecoin holders. A point raised in a Thursday Wall Street Journal editorial—published ahead of Thune’s cloture filing—suggested that, under CLARITY, smaller banks could miss out because they depend on interest payments to attract deposits. The editorial’s criticism centered on the idea that some crypto stakeholders want to operate like quasi-banks without the same regulatory obligations.
“The Clarity Act can serve a useful purpose with some language changes,” said the editorial board. “The crypto industry and its friends in Washington portray themselves as defenders of free markets. What they really want is to be quasi-banks without abiding by the same regulations.“
For readers, the practical implication is that CLARITY’s supporters and critics are not only arguing over whether a bill should pass, but over what regulatory tradeoffs it would institutionalize—particularly around banking-like functions and how stablecoin-related incentives are treated.
Prediction markets: odds diverge on vote timing versus yearly passage
Even after the Senate delay, prediction markets continue to price the likelihood of CLARITY advancing. On Kalshi, one event contract—referenced in the coverage—has reportedly wagered $1.23 million and priced users at an 88% chance that the Senate would vote on CLARITY before Oct. 1 (Kalshi).
On Polymarket, a related contract has offered a materially lower outlook. The coverage states the contract gave users a 26% chance of the bill being signed into law this year, with total wagers topping $5.79 million (Polymarket).
That gap between “vote odds” and “signed into law” odds is important. If the Senate does vote in September as expected, CLARITY would still need to return to the House for another vote if there are changes. Only then could it proceed to the president’s desk. In other words, markets appear to be separating procedural progress from the final end-state.
For participants, the uncertainty is unlikely to disappear quickly. The next decisions—cloture timing, scheduling, the 60-vote threshold, and any House re-approval requirements—could each move the probability landscape.
As the Senate reconvenes in mid-September, investors and builders who have been watching CLARITY for clearer regulatory treatment should focus on one concrete question: will cloture translate into a floor vote with enough support to overcome the 60-senator bar, and if it does, what changes (if any) trigger a second House vote?
Bitcoin’s price has made its first notable move since the end of the previous business week after it was rejected at $65,200 earlier today and has dropped by a grand and a half within minutes.
The full-on crypto critic Peter Schiff used the opportunity to lash out at the asset’s price moves by comparing it with gold and by weighing in on Strategy’s latest moves.
In one post, the economist said the Saylor-led company has apparently given up on the idea of digital credit, as it just announced its fourth BTC sale of the year. He believes Strategy has turned to the ‘good’ old-fashioned fiat money as superior protection since “lenders don’t have confidence in Bitcoin as collateral.” As such, he advised investors to “sell MSTR and sell Bitcoin now!”
Schiff took another stab at the cryptocurrency in a subsequent post, but this time by comparing it with gold. As reported over the weekend, the precious metal rebounded from the $4,000/oz support and gained 8% within a single week as China and other central banks continued to make large accumulations.
In contrast, BTC was stopped at $65,000 and remains deep in the red on a YTD scale. The asset just slipped below $64,000, and Schiff called bitcoin the “anti-gold.”
When gold initially broke out, Bitcoin broke down. When gold corrected, that’s when Bitcoin bounced. Now that the gold correction is over, and gold is back in rally mode, Bitcoin has resumed its decline. Bitcoin is anti-gold. The more gold goes up, the more Bitcoin will go down.
— Peter Schiff (@PeterSchiff) August 10, 2026
The post BTC Price Drops Below $64K as Peter Schiff Urges Investors to Sell Bitcoin appeared first on CryptoPotato.
Strategy sold another 1,690 Bitcoin last week and directed the entire $108.6 million in proceeds toward repurchasing its STRC preferred stock.
Summary
- Strategy sold 1,690 BTC for $108.6 million at an average price of $64,262.
- The company repurchased 1.15 million STRC shares using the sale proceeds.
- Strategy raised another $653.1 million by selling 6.59 million MSTR shares.
- Its dollar reserve increased to $4.65 billion, while Bitcoin holdings fell to 840,447 BTC.
Strategy sells Bitcoin for a second straight week
An Aug. 10 filing with the U.S. Securities and Exchange Commission showed that Strategy sold 1,690 BTC between Aug. 3 and Aug. 9.
The sale generated $108.6 million in net proceeds, reflecting an average price of $64,262 per Bitcoin. Strategy used the entire amount to repurchase 1,152,020 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC.
The transaction lowered Strategy’s Bitcoin reserve to 840,447 BTC. The company acquired those coins for a combined $63.36 billion, including fees and expenses, at an average cost of $75,385 per BTC.
Strategy has now sold Bitcoin for two consecutive weeks. As crypto.news previously reported, the company sold 1,638 BTC for $104.7 million between July 27 and Aug. 2.
The earlier disposal funded $52.4 million in STRC dividends and $52.3 million in preferred-stock repurchases. Strategy’s latest filing shows it has continued prioritizing STRC support over new Bitcoin purchases.
STRC buybacks target the $100 par value
Strategy’s STRC preferred shares fell as low as roughly $72 in late June before recovering toward $95. The stock traded at $94.30 on Aug. 10, down 0.75% during the session but more than 30% above its June low.
The daily chart shows STRC facing immediate resistance near its 50-day moving average at $94.64. The 100-day average at $96.75 forms the next barrier before the security can retest its $100 stated value.
Momentum has improved, with Aroon Up reaching 100% while Aroon Down stood at 14.29%. However, a rejection below $96.75 could leave the stock vulnerable to a pullback toward its 20-day and 200-day averages around $89.33 and $89.62.
crypto.news previously reported that Strategy maintained STRC’s annual dividend rate at 12% for August. Management has said it wants the preferred stock to trade consistently near $100 before considering a lower rate.
Buying STRC below par also lets Strategy retire $100 of stated value for less than $100 while reducing the number of shares entitled to future distributions.
MSTR sales lift dollar reserve to $4.65 billion
Strategy separately sold 6,585,329 MSTR common shares through its at-the-market offering programs. These transactions produced approximately $653.1 million in net proceeds.
The company allocated $650 million to its U.S. dollar reserve and added the remaining $3.1 million to its unrestricted cash balance. Its dollar reserve consequently increased from about $4 billion to $4.65 billion.
Strategy had already built a $3.75 billion cash cushion by late July. The reserve is intended to support preferred-stock dividends and interest payments, although its board retains authority over how the funds are used.
The company also indicated that it could begin selling shares under a new $21 billion MSTR offering after exhausting the remaining capacity under its current program. Continued issuance would provide additional liquidity but increase the number of common shares outstanding.
Bitcoin weakness adds pressure to MSTR
MSTR traded below the psychological $100 level as Bitcoin struggled to establish a sustained breakout above $65,000. Strategy’s average Bitcoin acquisition price of $75,385 leaves its reserve below cost at current market levels.
The company remains the largest publicly disclosed corporate Bitcoin holder despite its recent sales. Future weekly SEC filings will show whether Strategy continues reducing its Bitcoin position to support STRC or shifts back toward accumulation as the preferred stock approaches par.
The latest sales come as Strategy marks six years since beginning its Bitcoin treasury strategy. In a Aug. 10 X post, Bitcoin Treasuries highlighted that Strategy’s holdings have grown nearly twelvefold, from 70,470 BTC in 2020 to 840,447 BTC, despite the recent weekly reductions.
Strive has grown its corporate Bitcoin treasury once again this month. The asset manager purchased 147 BTC and pushed total holdings to 20,167 BTC. The move confirms the company’s steady push to build one of the largest corporate Bitcoin reserves.
Strive Adds 147 Bitcoin to Treasury
Strive bought the 147 BTC between August 3 and August 7, according to a recent filing. The company paid an average price of about $64,812 per Bitcoin for this batch. That brings the total value of its holdings to roughly $1.3 billion.
Chief Executive Officer and Chairman Matt Cole confirmed the update on X. He stated that Strive now holds 20,167 BTC in total. BitcoinTreasuries.NET also ranked the company as the seventh-largest public corporate Bitcoin holder worldwide.
This purchase continues a pattern of steady accumulation throughout 2026. Strive bought 1,109 BTC in May and followed with 2,500 BTC in June. Smaller purchases in July and early August kept the momentum going.
Strive Reports 24% Bitcoin Yield in Q2
Strive posted a Bitcoin yield of 24% for the second quarter of 2026. The figure rose to 38% when measured across the first half of the year. The company uses this yield metric to track Bitcoin growth against diluted shares outstanding.
The asset manager also retired its debt completely during the second quarter. Strive currently holds about $155 million in cash reserves. This combination gives the company flexibility as it continues expanding its Bitcoin position.
Strive also introduced SATA, a preferred stock product that pays daily dividends. The company positions this product as part of a broader financial strategy. Bitcoin holdings, cash reserves, and debt management now work together under one plan.
On August 10, Strive launched a new Bitcoin treasury dashboard and website. The platform gives the public real-time updates on the company’s holdings. This transparency effort supports the company’s ongoing communication around its Bitcoin strategy.
Bitcoin Strategy Expands After Semler Merger
Strive’s Bitcoin treasury grew sharply after its all-stock merger with Semler Scientific. The deal closed in September 2025 and reshaped the company’s balance sheet. Bitcoin holdings jumped from about 5,000 BTC to roughly 10,900 BTC almost overnight.
Additional purchases continued steadily through 2026, including the latest 147 BTC addition. Strive has kept its focus on increasing Bitcoin holdings while running its asset management business. The strategy blends traditional financial services with a long-term Bitcoin accumulation plan.
Some tracking services estimate Strive’s average purchase price across its entire treasury at about $94,700 per BTC. The latest purchase price of roughly $64,812 sits well below that broader average. This gap suggests Strive picked up its newest Bitcoin at a comparatively favorable price.
Strive’s leadership continues to frame Bitcoin as a core treasury asset rather than a side bet. The company pairs its Bitcoin strategy with debt discipline and new financial products like SATA. Together, these moves signal a company building its identity around Bitcoin accumulation and asset management growth.
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