Strive’s SATA preferred shares have rebounded from a June low of $83.30 to about $97, recovering most of the selloff and moving back within roughly 3% of their $100 par value, according to Yahoo Finance data.

Strive introduced SATA in November 2025 as part of its strategy to finance the expansion of its Bitcoin treasury through preferred equity. The variable-rate perpetual preferred stock is intended to trade near its $100 par value by adjusting its dividend rate, allowing Strive to raise capital for its Bitcoin (BTC) treasury without issuing additional common shares.

SATA is one of a growing number of preferred-share products tied to Bitcoin treasury strategies, an emerging segment that companies such as Strategy describe as “digital credit.”

Strategy’s STRC, launched in 2025 with a similar objective of maintaining a $100 share price through a variable dividend, also fell sharply during the late-June selloff before recovering, though it continues to trade below par at around $87.

SATA year-to-date price chart. Source: Yahoo Finance

While Strategy remains the world’s largest public corporate Bitcoin holder with 843,775 BTC, Strive has climbed to seventh place with 19,921 BTC, according to BitcoinTreasuries.NET.

Top 10 Bitcoin treasury companies. Source: BitcoinTreasuries.NET

Related: Strategy raises $263.5M through MSTR sales, holds 843,775 Bitcoin

SATA recovery could help lift Strategy’s STRC, says Mow

Jan3 founder and CEO Samson Mow told Cointelegraph that recent adjustments by Bitcoin treasury companies are beginning to restore confidence in preferred-share products, supporting his view that Bitcoin has already found its bottom.

“I think every action that Strategy has undertaken to strengthen their balance sheet and encourage STRC to go back to par is also working,” Mow said, adding:

But everything sort of works in tandem. I think as SATA returns to par, you’re going to see STRC return to par too, because people say, ‘OK, this model’s not broken.’ Everyone is capitalized for three or more years of dividend payments… there was no reason to panic all along.

Mow said the improving performance of preferred-share products is part of a broader shift in the Bitcoin treasury sector, where companies have continued refining their capital-raising strategies. 

He pointed to Lyn Alden’s Orange Juice treasury company, which launched on July 15 with plans to operate a Bitcoin treasury, as another example of firms entering the market with different approaches and a lower Bitcoin cost basis.

Samson Mow interview with Cointelegraph. Source: Cointelegraph

Magazine: A quantum roadmap would push Bitcoin much higher: Charles Edwards

Ripple, a blockchain-focused fintech company, has launched Ripple Mint, a platform that gives institutions new ways to access, mint, redeem and manage its US dollar-pegged stablecoin, Ripple USD (RLUSD).

The company announced Ripple Mint on Thursday, describing it as a unified platform that lets institutions manage RLUSD through a web interface or direct application programming interface (API) integrations.

“Ripple Mint is built to give institutions flexible access to digital dollars through the workflows that fit their needs,” Ripple said, adding that the platform is designed to support both manual operations and automated integrations as institutions adopt stablecoins for payments, trading and treasury activities.

RLUSD launched in December 2024 with a focus on institutional use, although the stablecoin has also gained traction among retail users. The token has grown into one of the larger US dollar-based stablecoins by market capitalization, reaching the top 10 less than one year after launch.

The token reached its all-time high market capitalization on June 1, 2026, when it surpassed $1.8 billion, according to CoinGecko. Around the Ripple Mint launch, RLUSD’s market cap briefly rose from about $1.54 billion to $1.64 billion before settling near $1.59 billion.

At the time of publication, RLUSD ranked as the ninth-largest USD-pegged stablecoin by market capitalization.

Related: Kakao taps Circle to explore won stablecoin payment infrastructure

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

The US House of Representatives has passed the Stop Insider Trading Act, a bill aimed at preventing members of Congress and their immediate families from buying publicly traded stocks. The measure cleared the House on Wednesday by a vote of 232–198 and now heads to the Senate for consideration.

Sponsoring Republican Representative Bryan Steil said the legislation is designed to stop lawmakers from profiting from potential insider information and to set penalties for violations. The bill would next be reviewed by the Senate, where key critics argue it still leaves room for conflicts of interest.

Key takeaways

• The House approved the Stop Insider Trading Act in a 232–198 vote, moving the proposal to the Senate.
• Under the bill, Congress members and their spouses and dependent children would be barred from purchasing publicly traded stocks.
• Penalties described by the bill sponsor include a $2,000 fine or 10% of the transaction, plus disgorgement of profits.
• Democratic lawmakers have criticized the bill for allowing members to keep and sell stocks already owned, arguing it does not fully solve the underlying conflict risk.
• Separate from the insider-trading effort, Steil is also linked to legislation addressing prediction market trading by public officials.

House passage and the bill’s penalty structure

According to the House vote results, the legislation advanced on Wednesday after the chamber approved Steil’s bill HB 7008, according to the official Congress.gov record. Steil, speaking on the House floor, framed the measure as a first for the current House on the specific issue and emphasized enforcement.

In describing how violations would be punished, Steil highlighted a penalty that includes a fine of $2,000 or 10% of the transaction, along with disgorgement of profits. He also stated that violators would forfeit gains if they failed to comply with the legislation’s requirements.

The bill’s practical aim is to reduce the possibility that lawmakers could benefit from non-public information gained through their roles. That intention is central to why supporters see the act as a meaningful guardrail against insider trading.

Criticism over “loopholes” and stock ownership rules

Even as the bill cleared the House, criticism emerged quickly from Democrats who argue it does not go far enough to eliminate conflict-of-interest concerns.

Representative and Senate critic Senator Elizabeth Warren said on Thursday that the legislation contains major loopholes because lawmakers could still own and sell stocks. Warren’s concern is that allowing ongoing ownership and sale—rather than an outright ban—may not sufficiently address the risk that creates incentives around insider information.

Steil responded to part of that critique by describing a compliance mechanism for members who already hold stocks. He said the bill would require a seven days’ notice before selling assets that lawmakers already own, arguing the notice requirement would deter trading driven by private information.

It remains to be seen how the Senate will treat these competing positions. In practice, the question will likely be whether the seven-day notice and penalties are viewed as adequate deterrence or whether senators will push for a stricter model—such as extending the restrictions beyond purchases to broader ownership rules.

What’s next in the Senate

After House passage, the Stop Insider Trading Act was received in the Senate for consideration on Thursday. The outcome in the upper chamber may hinge on whether enough senators support the bill’s narrower scope—aimed at members of Congress rather than other senior federal officials.

As described in the source, Steil’s measure is limited to restricting investments for members of Congress and does not cover the president or vice president and their families. That distinction matters for how this proposal fits into a broader debate about public official ethics and whether restrictions should be uniform across top executive and legislative roles.

In contrast, the source notes that a separate Senate proposal—associated with the Digital Asset Market Clarity Act—has included restrictions reaching public officials more broadly, including language that would bar certain officials from issuing or sponsoring tokens until 2029. While that crypto-market structure bill is distinct from the stock-trading measure, it illustrates how ethics and market-related restrictions are being considered across different legislative packages.

Link to prediction market trading legislation

The House action on insider stock trading arrives after Steil sponsored another related effort focused on prediction markets. The source reports that Steil previously backed the Stop Lawmakers from Predicting Act, introduced in June to prevent certain public officials, their spouses, and children from “wagering on public policy issues and political outcomes.”

That proposal drew attention amid real-world incidents highlighted in earlier coverage. The source points to an alleged episode involving a soldier who reportedly placed more than $400,000 betting on Venezuela President Nicolás Maduro on Polymarket, as well as reports that a teleprompter operator for former President Donald Trump allegedly made more than $100,000 betting on Kalshi event contracts connected to words and phrases in speeches.

While these examples are not about Congress members trading on stocks, they reflect the same underlying theme: lawmakers and political insiders face special scrutiny when bets can appear tied to information advantage or influence. In that context, the prediction markets proposal mirrors the stock bill’s penalty framing, including a $2,000 fee or 10% of the value of prohibited bets on the relevant platforms.

Investors and builders in crypto markets may see this as part of a wider regulatory pattern: legislators are increasingly testing whether restrictions should reach political actors using financial rails that operate outside traditional stock exchanges, even when the mechanism is “betting” rather than buying equities.

As the Stop Insider Trading Act moves through the Senate, the key uncertainty is whether senators will accept the bill’s approach—bans on new purchases with notice requirements for existing holdings—or push for stricter rules that would go further on ownership and trading.

The US House of Representatives has passed a bill that would ostensibly prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.

In a 232-198 vote in the House on Wednesday, lawmakers approved the Stop Insider Trading Act, sending the bill to the Senate for consideration. Representative Bryan Steil, the Wisconsin lawmaker who sponsored the bill, said that the legislation “ensures no lawmaker can profit off of insider information” and “institutes strict penalties for any violation.” 

“We have not had a bill on the House floor on this topic with this opportunity before,” said Steil from the House floor on Wednesday, describing the penalties:

“A fine equal to $2,000 or 10% of the transaction, as well as a disgorgement of profits. Violators would be forfeiting any gain realized if they failed to comply with this legislation.” 

Some Democrats are saying that the bill does not go far enough to address potential conflicts of interest, because it allows lawmakers to keep and sell stocks they already own. According to Steil, the bill would require members of Congress to provide seven days’ notice before selling stocks if they already hold assets, creating a deterrent for insider trading.

Related: Only KYC can stop insider trading on prediction markets, Messari says

“[The] bill has major loopholes,” said Senator Elizabeth Warren on Thursday. “Lawmakers can continue owning and selling stocks — so it won’t solve the problem. Not gonna fly in the Senate. Members of Congress should not own, buy, or sell stocks.”

The Stop Insider Trading Act was received in the US Senate for consideration on Thursday after passage in the House.

Unlike the proposed text for the Digital Asset Market Clarity Act, a cryptocurrency market structure bill under consideration in the Senate, Steil’s bill was limited to restricting investments for members of Congress and not the president or vice president and their families. Under CLARITY’s proposed text, all US public officials could be barred from issuing or sponsoring tokens until 2029.

Prediction markets bill also under consideration

House approval of the Stop Insider Trading Act followed Steil’s sponsorship of a similar bill targeting members of Congress trading on prediction market platforms like Kalshi and Polymarket. The Wisconsin lawmaker introduced the Stop Lawmakers from Predicting Act in June to prevent certain public officials, their spouses and children from “wagering on public policy issues and political outcomes.”

Prediction markets drew attention from the public after an incident involving a soldier who allegedly made more than $400,000 betting on Venezuela President Nicolás Maduro, who was removed by US forces in January. Donald Trump’s teleprompter operator also reportedly made more than $100,000 betting on Kalshi event contracts tied to words and phrases in the president’s speeches.

Like the stock trading bill, the prediction markets legislation proposed that violators pay a $2,000 fee or 10% of the value of the prohibited bets on the platforms.

Magazine: Why Wall Street values some crypto firms for AI power, not just crypto

World Foundation, the nonprofit behind the World protocol, has raised an initial $52.5 million by selling locked WLD tokens to strategic investors, with Pantera Capital leading the round. The fundraising—announced on Friday and shared with Cointelegraph—adds fresh capital to World’s push to scale World ID, its biometric-based system for helping platforms verify whether an online user is a real person.

According to the announcement, the WLD tokens sold in the round are subject to a 12-month lockup. Other participants reportedly include Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto, alongside additional investors.

Key takeaways

• $52.5 million raised through a sale of locked WLD tokens, with Pantera Capital leading.
• The sold tokens come with a 12-month lockup, limiting immediate liquidity from the strategic investors.
• World Foundation says new funding will go toward expanding World ID, its biometric credential system for distinguishing humans from AI agents.
• World ID relies on users completing biometric verification at a World Orb device to generate a digital credential.
• The broader market context reflects intensified investor focus on AI infrastructure and agent-era tooling, including security and verification solutions.

Locked token sale funds World ID expansion

World Foundation’s fundraising centers on WLD, the token ecosystem associated with the World protocol. In its announcement, the organization said the initial $52.5 million proceeds from the locked token sale will be used to expand World ID—a system meant to verify online identities in an era where synthetic content and automated agents are becoming more prevalent.

World describes World ID as a credential that can be issued after users complete biometric verification at a hardware point called a World Orb. Once verified, users receive a digital credential intended to help services determine that the account engaging with them is tied to a real person rather than an automated agent.

The stated motivation is practical: the nonprofit argues that demand for verification infrastructure is rising as AI-generated content and autonomous agents increase. Instead of trying to detect bots purely through behavior, the approach aims to anchor identity claims to a biometric verification step completed through the World Orb workflow.

Why verification matters as AI agents proliferate

World’s fundraising lands amid a broader shift in crypto and adjacent investment toward AI-related infrastructure and agent-first applications. That shift has been visible across multiple recent deals highlighted in Cointelegraph coverage.

For example, brokerage infrastructure provider Alpaca raised $135 million in equity financing earlier this month and reportedly secured access to up to $300 million in debt financing. The company said the funding would support infrastructure for AI-powered financial applications—an indication that agent-driven workflows are moving from experimentation toward more robust system-building.

Similarly, Cointelegraph previously reported that Coinbase introduced tools enabling businesses to accept USDC payments from autonomous AI agents. That update was framed in the context of AI-generated activity growing on its Base developer ecosystem, including a claim that AI-generated traffic exceeded human traffic on its Base developer documentation for the first time last month.

In this environment, identity and trust layers become more than a niche tooling problem. As more commerce, messaging, and platform interactions become automatable, the ability to verify whether an interaction represents a human user becomes increasingly relevant to everything from onboarding to fraud prevention to resource allocation.

Regulatory sensitivity remains part of the World ID story

World’s identity approach is not without controversy. The organization was originally conceived by Sam Altman, Max Novendstern, and Alex Blania, with World protocol efforts later drawing regulatory scrutiny in multiple jurisdictions over its biometric identity verification system.

While the current fundraising announcement focuses on scaling World ID, the mention of regulatory pressure underscores a critical uncertainty investors and builders should consider: biometric verification often intersects with privacy expectations, data protection requirements, and consent frameworks that can vary widely by jurisdiction. That reality can influence rollout speed, compliance costs, and the design of how credentials are issued and used.

For market participants, the token lockup may offer some near-term stability, but it does not resolve the core question of how World ID will navigate legal and regulatory constraints as it expands.

AI investment momentum extends to security and frontier tech

The investment climate around AI is also showing up in broader funding patterns, including cybersecurity. Cointelegraph notes that capital is increasingly flowing into AI-adjacent security efforts, with one example being AegisAI, a cybersecurity startup that raised $36 million in Series A funding to expand AI-powered email security. The company said the financing is intended to improve defenses against more sophisticated AI-generated phishing attacks.

Meanwhile, large crypto investment vehicles have been repositioning toward AI and frontier technologies. According to Cointelegraph reporting, Paradigm raised a $1.2 billion fund in July to invest across crypto, artificial intelligence, robotics, and other frontier technologies. Framework Ventures also reportedly closed a $400 million fund in June with a mandate spanning crypto, AI, robotics, and energy.

Taken together, these moves suggest a sector-wide bet: in an agent-driven future, infrastructure, trust, and security will be treated as interconnected components rather than separate silos. World ID’s biometric verification pitch fits into this larger landscape as one possible “human verification” layer for systems confronting rising automation.

Looking ahead, the key question for readers is how quickly World Foundation can scale World ID beyond its initial verification workflow while maintaining compliance in the jurisdictions that have already scrutinized biometric identity verification. With AI agents becoming more common—and platforms increasingly adapting payment and interaction tools for them—investors and builders should watch for concrete adoption milestones for World ID and any updates on regulatory posture as World expands.

Coinbase Institutional and Glassnode have maintained a neutral Q3 2026 crypto outlook as a 12% quarterly market contraction clashes with early signs of Bitcoin accumulation.

Coinbase Institutional Research and Glassnode based the outlook on more than 25 charts covering onchain activity, institutional flows, macro conditions and cross-asset correlations. Their joint “Charting Crypto Q3 2026” report argues that improving Bitcoin data has not yet overcome pressure from tighter liquidity, geopolitical tensions and weak exchange-traded fund demand.

Released on July 24, the report shows that the total crypto market capitalization, excluding stablecoins, fell about 12% during the second quarter. Stablecoin supply reached record levels during the same period, which Coinbase and Glassnode interpreted as a sign that some sellers moved into dollar-linked tokens instead of withdrawing from the crypto market completely.

Bitcoin’s relationship with traditional assets also changed sharply. According to the report, its 90-day correlation with the S&P 500 dropped to 0.12 from 0.58 in the fourth quarter of 2025, while its correlation with gold climbed to 0.57.

Coinbase Institutional and Glassnode said those readings suggest Bitcoin has traded less like a technology stock and more like a store of value driven by interest rates and available liquidity. The researchers still stopped short of calling a lasting market bottom.

Onchain data points to an early Bitcoin bottoming process

Several Bitcoin indicators suggest that the correction may be entering an accumulation stage, according to Coinbase Institutional and Glassnode. Coins last moved within the previous three months remain close to multi-year lows, while the share of Bitcoin supply held at a profit has fallen beneath its lower statistical band.

The researchers said similar profitability levels have historically appeared during accumulation rather than distribution. However, long-term holders appear to have paused their purchases, leaving the onchain picture divided between low valuations and limited conviction from established investors.

“With valuation compressed, we read this as the early innings of a bottoming process rather than a durable low already in place,” Coinbase quantitative strategist Colin Basco wrote in the report.

Spot ETF activity offers another cautious signal. Coinbase and Glassnode found that U.S. Bitcoin and Ethereum ETF flows remained negative throughout the first half of 2026, although the pace of withdrawals began to slow. The report said the easing outflows could indicate that institutional demand is stabilizing, but it did not treat the change as confirmation of a recovery.

Ethereum entered a weaker onchain position by the end of the quarter. According to the report, ETH returned to full capitulation territory, leaving the average holder underwater as falling prices pushed aggregate unrealized returns into negative territory.

At the same time, leveraged long exposure increased even as spot demand remained thin. Coinbase Institutional warned that this combination could leave derivatives traders exposed to another forced deleveraging event, similar to the liquidations seen around previous cycle lows. The firm said a clear recovery above overhead resistance would offer stronger evidence of a reversal than another test of support.

Fed policy and geopolitical risks keep the Q3 outlook neutral

Macroeconomic conditions remain the main obstacle to a sustained crypto recovery, according to Coinbase Institutional. At its June meeting, the Federal Reserve held interest rates between 3.50% and 3.75% for a fourth consecutive meeting under Chair Kevin Warsh.

Despite leaving rates unchanged, the Fed raised its 2026 inflation forecast to 3.6%, reduced its growth estimate and lifted its median year-end policy-rate projection to 3.8%. Coinbase Institutional described the message as hawkish and mildly stagflationary, adding that higher rates and a firmer dollar could restrict the liquidity available to risk assets.

Geopolitical threats add another source of pressure. The report identified a renewed U.S.-Iran escalation, another rise in oil prices and possible selling by major digital-asset treasury companies as bearish catalysts for the quarter.

Against those risks, Coinbase Institutional recommended patience and controlled exposure rather than buying brief rallies. Its neutral view leaves room for accumulation but requires stronger price confirmation before the researchers can identify a completed market bottom.

The cautious forecast comes as Coinbase extends its services outside the United States. On July 22, the company opened an office at One Raffles Quay in Singapore and announced plans to increase its workforce there from about 150 to around 200 employees over the next 18 months.

In Canada, Coinbase is preparing to bring tokenized stocks, prediction markets and other traditional financial products into its “Everything Exchange” model. The company said its June System Update also introduced an SEC-registered AI investment adviser and trading agents alongside plans for stock options, pre-IPO products and tokenized equities.

Product executive Jordan Fish, known as Cobie, has separately acknowledged that Coinbase became distant from crypto-native users after disputes damaged trust in Base. Fish now oversees the Base App and Coinbase trading products, while Jesse Pollak has returned his attention to the Base blockchain.

Those product and regional plans concern Coinbase’s longer-term development, while its research team’s Q3 position remains tied to current liquidity and market data. For the outlook to improve, Coinbase Institutional and Glassnode are looking for stronger ETF demand, reduced leverage risk, and a decisive Bitcoin move above resistance.