Crypto Industry News & Market Trends

Strategy's Phong Le Explains Why They Sold Bitcoin at $60K, Bought at $80K

Key TakeawaysStrategy sold about 7,000 BTC near $60,000 in 2026, then paid $369.7 million for 4,603 BTC at $80,318.Phong Le says net debt fell from about $7 billion to zero, leaving $7 billion in cash and no forced selling.With bitcoin‘s price near $79,700, Strategy’s 845,050 BTC sit about $3.6 billion above cost basis.　　Sell Low, Buy High？ Le Says That Is the Wrong Question　　This summer, Strategy sold about 7,000 BTC in the $60,000 to $65,000 range but then, between Aug. 24 and Aug. 30, paid $369.7 million for 4,603 bitcoin at an average of $80,318. On paper, it seemed like the absolute worst trade, but Phong Le does not see it that way.　　Speaking on Bloomberg Crypto this week, Strategy‘s chief executive called the sale “the right trade at the time to sell bitcoin to fund some of our Stretch dividends,” referring to STRC, the company’s variable-rate preferred stock. He further noted:　　“It‘s the right trade at this point in time to sell MSTR at a premium to buy bitcoin. We don’t really make decisions specifically on bitcoins price.”　　The companys rule seems to be about cost of capital, i.e. sell equity when the stock trades at a premium to its coins, and touch

09-06Industry

Bitcoin Holders Just Cashed Out 110,000 BTC in Profits: Is a Bigger Price Drop Coming？

BTC‘s major rally allowed many investors to dispose of their assets. What’s next for its price？　　CryptoQuant data shows that bitcoin investors started realizing major profits after the explosive August rally, disposing of roughly 110,000 BTC in just a few weeks.　　Such highly concentrated profit-taking developments have historically been followed by substantial price correction for the underlying asset, the analysts warned. Moreover, several demand indicators have weakened, which could add to the selling pressure.　　110K BTC Profit Taken　　The major run that began on August 19 at prices of under $65,000 drove the leading cryptocurrency to almost $80,000 in just two days. According to CQs latest weekly report, holders realized net profits of 23,000 BTC on that day alone (August 21), which became the largest single-day profit realization this year.　　The asset indeed dipped in the following days as it felt almost inevitable after such a gigantic jump, but went on the offensive once again in the following week or so. It rocketed past $82,000 on Friday before it was rejected following the US jobs report, and now sits below $80,000.　　The report described the major profit-taking as a classic characteristic of a bullish cooldown, but warned that if they continue at such a rapid pace,

09-06Industry

Bitcoin Was $8 in 2011 After a 75% Crash — Today It Trades Near $80K

Fifteen years ago today, Bitcoin closed at $7.97.　　At roughly $79,500 now, that means BTC has increased almost 10,000-fold, representing a gain of roughly 998,000% and an annualized return near 85% over 15 years. Historical pricing data show Bitcoin opened Sept. 5, 2011 at $8.36, briefly touched $9.96 and closed at $7.97.　　But the more interesting part of the anniversary is where Bitcoin stood at the time.　　Buying BTC at $8 in September 2011 did not feel like buying an obviously successful asset. Bitcoin had already experienced its first spectacular boom and collapse.　　$8 Bitcoin Was Already Down About 75%　　Bitcoin had surged to roughly $31.91 in June 2011, giving the network a market capitalization of about $206 million at its peak. Within days, the market suffered one of its earliest major crashes.　　Mt. Gox was also compromised that summer, with an attacker accessing an administrator account and briefly forcing trades down to one cent on the exchange.　　Discover more　　FINANCE　　Stocks　　NEWS　　By Sept. 5, Bitcoin at $7.97 was therefore roughly 75% below its June peak.　　That gives the WatcherGuru anniversary a different meaning. The person buying Bitcoin for $8 was not buying an untouched technology at the beginning of an obvious uptrend. They were buying an asset that had already

09-06Industry

CASHCAT drops 16% – But THIS metric flashes hope for bulls

Cash Cat [CASHCAT] fell 16% in one day, marking one of the memecoins steepest declines.　　However, trading Cash Cat could remain risky, especially for traders expecting further downside.　　AMBCrypto examined why bearish pressure remained dominant and which signals could still support a rebound.　　Why are CASHCAT longs suffering？　　Pressure intensified on long traders as the CASHCAT perpetual market recorded a sharp Liquidation imbalance.　　Liquidation data measures positions forcibly closed when traders lack sufficient margin to keep them open. Over 24 hours, long traders lost 14.8 times more than short traders. Long Liquidations reached $566,300, while Short Liquidations totaled only $38,210.　　Source: CoinGlass　　The imbalance showed that CASHCATs decline caught leveraged bulls on the wrong side. A similar pattern emerged on the 4th of September.　　Long Liquidations reached approximately $480,000, compared with $28,000 in Short Liquidations. Repeated forced selling could deepen downside pressure, particularly if leveraged traders continue chasing a reversal.　　Spot holders are fueling the decline　　The spot traders have also contributed to the decline witnessed over the past day, as Spot Market Netflow remained positive.　　Spot Market Netflow is the difference between inflows and outflows on exchanges. When inflows are higher than outflows, resulting in a positive reading, it means more of the asset is being moved onto exchanges, which

09-06Industry

Ancient Bitcoin Wallet That Turned $120 Into $3 Million Wakes Up

In briefFour more long-dormant Bitcoin wallets awakened between Aug. 29 and Sept. 4, moving a combined 202.84 BTC (~$15.73 million), per Galaxy Research—led by a 146.06 BTC stash ($11.31M) untouched since 2013.The 2011-era coins carried astronomical gains, including a 40 BTC wallet up over 2.5 million percent; one 6.78 BTC transfer was tagged with a Coinbase recipient attribution, typically signaling intent to sell.The moves extend a summer-long trend, following an earlier wave that shifted roughly $40 million in 10 days, with several wallets carrying “Noah Doe” lawsuit tags.　　The parade of long-dormant Bitcoin wallets springing back to life is showing no signs of slowing, with at least four more ancient stashes stirring in recent days, one of them apparently headed for a sale.　　According to Galaxy Researchs blockchain monitoring, the awakened wallets moved a combined 202.84 BTC, worth roughly $15.73 million, between Aug. 29 and Sept. 4.　　Myriad: Bitcoins next price move？ Click to make your prediction.　　The largest, holding 146.06 BTC, or about $11.31 million, had sat untouched since November 2013, nearly 12.8 years, and delivered a gain of about 12,902% on a cost basis near $595. A 40 BTC wallet dormant since November 2011 followed, worth around $3.09 million and up a

09-06Industry

DAOs are forcing crypto protocols to choose between code and emergency brakes

Compound is a crypto lending protocol governed by holders who delegate their COMP tokens, a setup known as a decentralized autonomous organization, or DAO. It works like an online republic, with token holders debating proposals, voting, and letting software carry out the result.　　Related Asset Compound #132 COMP · $20.03 24-hour change: up 1.73% Price history is not available. 24H Up 1.73% 7D Up 9.04% 30D Up 22.39%　　In July 2024, that republic nearly sent a fortune to a small group of voters. Proposal 289 asked Compound to transfer 499,000 COMP, then worth about $24 million, into a yield-bearing vehicle they controlled. Two earlier versions had failed, and the third seemed headed the same way.　　Then, during the final 34 minutes, supporting addresses cast 563,591 votes, equal to 82% of all support for the proposal. The last big block landed eight minutes before the deadline, and the measure passed by 682,191 votes to 633,636.　　While this was extremely controversial and remains highly contested, there was no issue with the code, as it worked exactly as intended.　　But that was the problem: the wallets had gathered enough COMP and delegated their voting power before the period closed, but Compound lacked an emergency authority that could pause

09-06Industry

Bitcoin Price Prediction: Can BTC Push to $84,000 Before the Fed Meets Again？

Bitcoin price prediction stays bullish above $77,500, with $80,182 the level that flips short-term momentum.BTC crashed $1,600 in three minutes Friday after stronger-than-expected jobs data lifted rate-hike odds.Long liquidations hit $91.78 million over 24 hours, seven times the $13.21 million shorts lost.　　Bitcoin price prediction for September 6 stays bullish above $77,500, the level that‘s held since last week’s breakout. BTC trades near $79,697, up 2.62% this week, after Fridays sharp jobs-data selloff and a reclaim of the descending trendline that had capped every rally since late 2025.　　Bitcoin Price Analysis: Has BTC Confirmed Its Trendline Breakout？　　BTCs weekly chart shows price breaking above a descending trendline connecting the roughly $127,000 high from late 2025 down through a year of lower highs, a line that had rejected every prior rally attempt. Price closed the week at $79,697.24, up 2.62%, now sitting above the 20-week EMA at $70,989.44, the 50-week at $77,361.83, and the 100-week at $78,465.52, with the weekly Bull Market Support Band at $70,136.53 to $71,155.91 well below as the macro floor.　　Bitcoin Price Action (Source: TradingView)　　That weekly breakout is being tested in real time on the shorter timeframe. BTC ran from around $63,000 on August 18 to a high of $82,283 in

09-06Industry

Payment stablecoins in M1 or M2: Fed staff flag overlap

A Federal Reserve staff note published Sept. 4 sketches a route for regulated payment stablecoins to enter M1 or the broader M2 money supply. Its accounting framework requires adjustments before gross circulation could enter either measure.　　Payment stablecoins are excluded from the US monetary aggregates today. The new note makes future treatment depend on economic use, alongside adjustments for reserve assets already counted elsewhere and the separation of US circulation from global activity. Otherwise, a larger money-supply figure could partly reflect a new wrapper around dollars the system already measured.　　The distinction matters for anyone using M1 or M2 to judge dollar liquidity. A statistical increase driven by reclassification says little about newly created purchasing power.　　The note is independent staff research, reflects only its authors views, and is not part of a Federal Reserve policy deliberation. Existing definitions remain unchanged, and the analysis presents conditional possibilities.　　Related Reading　　Stablecoins are quickly becoming the Kevin Warsh‘s Fed’s next policy problem　　How stablecoins could fit, and what could be counted twice　　M1 is the narrowest official US money measure. It contains currency and highly liquid balances that households and businesses can use for transactions. M2 includes M1 plus less liquid savings-type assets, including small-denomination time deposits and retail

09-06Industry

Fed stablecoin research exposes how the same dollar could count twice in M1 or M2

A Federal Reserve staff note published Sept. 4 sketches a route for regulated payment stablecoins to enter M1 or the broader M2 money supply. Its accounting framework requires adjustments before gross circulation could enter either measure.　　Payment stablecoins are excluded from the US monetary aggregates today. The new note makes future treatment depend on economic use, alongside adjustments for reserve assets already counted elsewhere and the separation of US circulation from global activity. Otherwise, a larger money-supply figure could partly reflect a new wrapper around dollars the system already measured.　　The distinction matters for anyone using M1 or M2 to judge dollar liquidity. A statistical increase driven by reclassification says little about newly created purchasing power.　　The note is independent staff research, reflects only its authors views, and is not part of a Federal Reserve policy deliberation. Existing definitions remain unchanged, and the analysis presents conditional possibilities.　　How stablecoins could fit, and what could be counted twice　　M1 is the narrowest official US money measure. It contains currency and highly liquid balances that households and businesses can use for transactions. M2 includes M1 plus less liquid savings-type assets, including small-denomination time deposits and retail money market funds.　　The Fed authors apply that functional split to payment

09-06Industry

Poland Crypto Bill Stalls Again After MPs Fail to Override Veto

Polands crypto bill remains blocked after MPs fell 25 votes short of an override.The veto leaves Poland without a fully functioning domestic MiCA licensing system.About 2,000 Polish crypto firms may need to seek MiCA authorization elsewhere.　　Poland‘s crypto regulatory deadlock continued Friday after lawmakers failed to overturn President Karol Nawrocki’s veto of legislation designed to regulate the cryptocurrency market and establish a domestic licensing system under the European Unions Markets in Crypto-Assets Regulation, or MiCA.　　The defeat leaves Poland without a fully functioning framework for crypto firms seeking authorization at home, while companies face decisions over whether to seek licenses elsewhere in Europe.　　The Sejm voted 241-198 in favor of overriding the veto, while three lawmakers abstained. However, supporters needed 266 votes, leaving the government 25 votes short of the required three-fifths majority. Nawrocki has now vetoed the proposed legislation three times.　　Poland Crypto Bill Divides Government and President　　The Polish crypto bill would designate the Polish Financial Supervision Authority (KNF) as the regulator overseeing the country‘s crypto market. Nawrocki has argued that the legislation goes beyond what is necessary and could push Polish crypto businesses to relocate. He has also criticized provisions that allow authorities to block websites and restrict companies’ activities.　　Discover more　　Digital Currencies　　Distributed

09-06Industry

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