'Always Room for More Orange': Saylor Teases Next Bitcoin Buy at $70 Billion Milestone

Michael Saylor is back in action ahead of the new trading week in financial markets. On October 11, 2026, the head of Strategy Inc. posted a fresh treasury chart featuring 117 purchase dots and his favorite phrase: “Theres always room for more orange.”  The company officially controls 848,000 BTC worth a staggering $70.48 billion, accounting for 4.04% of all Bitcoin in existence. But the most interesting part remained behind the scenes: the post appeared just as the treasury was restructuring its financing strategy ahead of another purchase.  The reason is that during the week of October 5–9, Saylors main fundraising instrument, STRC preferred shares, fell below their $100 par value and remained stuck in the $99.43–$99.66 range.  Theres always room for more orange. https://t.co/hndZf0Acp7  — Michael Saylor (@saylor) October 11, 2026  At that point, the companys strict internal algorithm kicked in. When the security trades below par, the system automatically activates the “Buyback Zone.”  Issuing new shares to purchase cryptocurrency is prohibited. Instead, the company must spend money buying back its own discounted securities to support their price. The result for the week through this channel was exactly 0.00 BTC.  Where Saylor gets the money to buy Bitcoin  Saylor does not say there is always room for more

Yesterday 00:07Industry

Bitcoin, Ethereum and Solana ETFs All in the Red for October

In briefU.S. spot Bitcoin ETFs are down a net $386.3 million for October after Wednesdays $484.9 million exit, their worst day since June, despite a $21.1 million inflow on Friday.Ethereum ETFs extended their outflow streak to nine days, losing $635 million in October and nearly $700 million over the full streak.Solana ETFs are also negative for the month, at a loss of $24.8 million after five straight days of outflows  “Uptober” isnt living up to its name for crypto ETFs.  U.S. spot Bitcoin ETFs took in $21.1 million on Friday, according to Decrypt‘s ETF tracker. That’s a modest bounce after back-to-back outflows of $484.9 million on Wednesday and $244.1 million on Thursday. Even so, the funds are down a net $386.3 million through the first seven trading days of October.  Myriad: How low will Bitcoin go? Click to make your prediction.  Bitcoin and other crypto asset ETFs allow investors to gain exposure to digital currencies without using crypto exchanges or wallets. These funds track the price of the asset and trade like stocks on a brokerage app. Theyve been very successful since their launch, and flows in and out of the funds have become a reliable measure of current market sentiment.  The month started strong,

Yesterday 00:01Industry

Bitcoin hedge funds face a liquidation trap when their collateral is split across markets

Heres a hypothetical situation: a hedge fund is making money, but one of its exchanges is about to liquidate its position anyway. Bitcoin has fallen, its short position on CME is profitable, and the matching long on Hyperliquid is bleeding cash. The two trades were designed to offset each other, but Hyperliquid cant use profits sitting at CME to cover the losses on its own books. The fund has to find more collateral before the exchange closes the position for it.  Related Asset Bitcoin #1 BTC · $83,668.63 24-hour change: up 0.91% Loading price history… 24H Up 0.91% 7D Down 1.92% 30D Up 7.69%  Moving money between exchanges takes time, and during a downturn, withdrawals can slow down or stop altogether. The fund could have enough money to cover every position and still lose half its hedge because the profits are sitting in different accounts.  Once that happens, a strategy designed to avoid betting on Bitcoins direction can suddenly become a very large bet on where the price goes next.  In the high-stakes world of institutional Bitcoin trading, a fund can be profitable across its entire portfolio and still face forced liquidation because the exchange holding its losing position doesnt know or care about

Yesterday 00:00Industry

Ledger confirms hidden chip in crypto wallet amid $92M...

Ledger has confirmed finding an unauthorized hardware implant inside one customers cryptocurrency wallet during its October 10 investigation into reported thefts involving Southeast Asian reseller CryptoBilis, as blockchain researchers estimate suspected losses exceeding $86 million.  SummaryLedger confirmed an unauthorized hardware implant inside one affected customers device during its CryptoBilis investigation.CryptoBilis suspended sales of all hardware wallets while Ledger investigates reported losses involving Asian customers.Ledger advised customers with CryptoBilis devices against setup and recommended fresh recovery phrases for others.Researcher Mark Karpelès reported finding suspicious electronics behind a Ledger Nano X screen in Malaysia.Bitquery estimated $92.9 million in cryptocurrency losses across 311 wallets, figures unconfirmed independently by Ledger.  Ledger Support confirmed the discovery in an official statement, saying the modified device belonged to a user affected by the ongoing investigation. The company said CryptoBilis had stopped selling all hardware wallets as a precaution and that Ledger was contacting affected customers while working with authorities. It has not established whether the implant caused the reported cryptocurrency losses.  Situation Update: Ledger can confirm that one of the impacted users devices contained an unauthorized hardware implant. Ledger is reaching out to impacted users as part of the ongoing investigation. If you have information regarding the investigation, please reach

2 days agoIndustry

Ledger confirms unauthorized hardware implant, says losses may exceed $86M

Hardware wallet maker Ledger, which has been investigating reports of crypto losses involving its devices purchased from a Southeast Asian reseller, confirmed that one of the affected users devices contained an unauthorized hardware implant.  Ledger said in a Saturday post on X that it was contacting users as part of its ongoing investigation into the losses, which investigator Specter estimated may exceed $86 million across Bitcoin, Ethereum and Tron.  Ledger asked that individuals who have information regarding the investigation to contact its bounty program at bounty@ledger.fr.  As a measure of precaution, reseller CryptoBilis confirmed in the post that it had ceased sales of all hardware wallet inventory until the investigation is concluded. Ledger said it is in active communication with CryptoBilis on next steps.  Related: Ledger investigates fund losses linked to Southeast Asian reseller, warns users  Ledger recommends users who purchased one of their devices from this reseller to not initiate set-up if they have not yet done so. If they have set up their Ledger device, they should consider moving assets to a new Ledger signer, including using a new seed.  Cointelegraph reported on Friday that CryptoBilis was listed as an authorized Ledger reseller in Indonesia, Malaysia and the Philippines.  Ledger has not confirmed how many

2 days agoIndustry

Tokenized stocks can carry the same rights without the same trading protections

Tokenized stocks eligible for the SECs September exemption must carry equivalent shareholder rights, yet their trading venues can operate outside key Regulation NMS protections. Investors therefore need to examine both what the share represents and how their order is priced and handled.  Market-data provider Douro Labs asked SEC staff in an October 9 submission for provider-neutral principles to assess external price feeds and use them for dollar reporting. Douro contributes to Pyth Network and develops and operates Pyth Pro, giving it a commercial interest in the standards under discussion.  The order requires venue disclosures and safeguards. FINRA-member brokers retain applicable best-execution duties when they handle covered customer transactions.  The September 17 order grants temporary, conditional relief from the definition of an exchange to venues offering permissioned automated market maker pools for eligible tokenized National Market System (NMS) stock. These pools use software to let approved participants trade against committed assets. The order also provides separate dealer-definition relief for certain liquidity providers using their own capital.  Its scope is narrower than the tokenized-stock label. Third-party securities providing synthetic exposure, including tokenized linked securities and security-based swaps, are excluded, as are rights and warrants. Eligibility depends on the defined security and the venues compliance with the

2 days agoIndustry

Meta Stock Warning? Zuckerberg Sells $21 Million as Insiders Exit

Meta stock has fallen nearly 8% since Mark Zuckerberg sold $21.4 million worth of shares in September. Yet Wells Fargo sees the stock reaching $1,000, raising questions about what investors should make of the companys insider selling.  Over the past six months, Meta executives and directors recorded 172 stock transactions, with no insider purchases.  Sponsored  Sponsored  At first glance, that looks concerning. However, SEC filings suggest the selling may reveal little about where Meta stock is heading.  Look at this.  Meta, $META, insiders have made 172 trades in their own stock over the past six months.  Purchases: zero.  CFO Susan Li: ~$95 million sold  COO Javier Olivan: ~$24 million sold, often every week  Product chief Chris Cox: $13 million sold on Sept. 9  Are Meta Insiders Losing Confidence?  Zuckerberg sold shares on September 24, when Meta traded near $778. The stock closed Friday around $719.  Other senior executives, including CFO Susan Li and COO Javier Olivan, have also been selling.  Unusual Whales reported that Olivan sold roughly $24 million in shares through repeated transactions.  However, these executives arranged their sales months earlier under Rule 10b5-1 trading plans.  Some transactions were also related to taxes rather than actual selling. One SEC filing explicitly states that the transaction “does not represent a sale.”  Sponsored  Sponsored  Zuckerberg also retains a substantial controlling

2 days agoIndustry

France Wants to Tax Crypto Holders Before They Sell

French lawmakers are proposing a bill where crypto holders need to pay tax on their unrealized profit if they leave the country, even if they havent yet sold the assets. The exit tax would apply to portfolios worth more than €800,000, or nearly $900,000.   France already charges this tax on shares when wealthy residents leave. Crypto has been exempt, and the plan could still fail in a debate that starts Tuesday.  How Frances Crypto Exit Tax Would Work  The measure is an amendment to Frances 2027 budget bill. Left-wing deputy Nicolas Sansu filed it with 16 co-signers, and the National Assemblys finance committee adopted it on October 8, according to a Paris law firm.  Sponsored  Sponsored  The tax targets gains that exist only on paper. Someone who paid €200,000 for coins now worth €1 million holds an €800,000 paper gain, taxable on moving even without a sale.  It would apply to anyone who lived in France for six of the past 10 years. Coins on trading platforms count, and so do coins in personal wallets, including abroad.  Leavers would also have to list every crypto holding on their tax return. The authors argue that a person leaving with millions in crypto currently avoids a tax that a

2 days agoIndustry

Global Bank Stocks Sink as Bond Losses Top $326 Billion: Is Another SVB Coming?

Bank stocks fell across the US, Europe, and Singapore this week after the 10-year US Treasury yield topped 5.35%, its highest since 2002. Higher yields cut the value of bonds banks already own.  That same squeeze helped bring down Silicon Valley Bank (SVB) in 2023. US lenders still carried $326.7 billion in paper losses on bonds at the end of June, before yields jumped again.  Sponsored  Sponsored  Why Rising Yields Push Bank Stocks Lower  Banks park large sums in government bonds. When new bonds pay more interest, older, lower-paying bonds lose resale value.  The Federal Deposit Insurance Corporation (FDIC), which insures US bank deposits, put those unrealized losses at $326.7 billion for the second quarter, per its report.  Yields have climbed since then. The 10-year yield hit its 24-year high on October 7.  Meanwhile, the Invesco KBW Bank ETF, a fund of large US lenders, is down about 13% from its August high, TradingView data shows.  Bank stocks daily charts of the Invesco KBW Bank ETF, the EURO STOXX 50, and Singapores Straits Times Index. Source: TradingView  Sponsored  Sponsored  How Far the Bank Stocks Selloff Has Spread  On October 7, Europes main bank index fell 3.5%. Société Générale, Deutsche Bank, UniCredit, and Intesa Sanpaolo each lost more than 4%, Reuters reported.  European lenders face

2 days agoIndustry

Mystery Bets on Trumps New Press Secretary Could Turn $173 Into $9,600

Three small bets that Katie Zacharia would become Trumps press secretary went in before the news broke. Kalshi is now investigating the trades, which risked under $175 and could pay more than $9,500.  Zacharia was not seen as a front-runner. In the days before President Donald Trump named her on Friday, bettors on Kalshi gave her about a 1% chance.  Sponsored  Sponsored  Bets on Who will be Trumps next Press Secretary. Source: KalshiHow Did Bets on a 1% Trump Press Secretary Pick Land Early?  Kalshi is a prediction market regulated by the Commodity Futures Trading Commission (CFTC). Users buy contracts on real-world events. Each contract pays $1 if the event happens, so a 1% chance costs about 1 cent.  The first bet, for $19, went in around 10:43 p.m. ET on Thursday. Thats according to a Journal review of public Kalshi data. It is set to pay $1,896.  Two more bets, of about $74 and $80, followed at around 1:41 p.m. on Friday. They are set to pay $3,689 and $4,023.  About 20 minutes later, The New York Times and other outlets began reporting the pick. Trump then confirmed it on Truth Social.  It is my Great Honor to have just appointed, as Press Secretary, Katie Zacharia… I am

2 days agoIndustry
1
...
1113
...
1000