Bitcoin treasury Strive risks cash reserve to fund $500M buyback and trim dividends

Bitcoin treasury company Strive disclosed an optional program to repurchase up to $500 million of its variable-rate perpetual preferred stock, traded as SATA, on Oct. 5.  Related Asset Bitcoin #1 BTC · $85,591.45 24-hour change: down 1.05% Loading price history… 24H Down 1.05% 7D Up 3.21% 30D Up 7.09%  The program exceeds its reported $284.7 million cash balance and lets management weigh further Bitcoin purchases against retiring dividend-paying preferred shares.  The SEC filing gives management discretion to repurchase shares from time to time. The ceiling is $215.3 million above reported Oct. 2 cash, so immediate full use would require resources beyond that dated balance.  The optional cap creates no obligation to spend the maximum and does not establish a liquidity shortfall. The filing discloses no completed SATA repurchases, dedicated funding source, or timetable for using the full capacity.  Strives $500 million SATA buyback ceiling exceeds reported cash by $213.3 million but remains optional.  Strive reported 29,462 BTC as of Oct. 2 after buying 2,000 Bitcoin between Sept. 28 and Oct. 2 at an average price of approximately $84,422, including fees and expenses. Those holdings are separate from its preliminary, unaudited Sept. 30 figures, which showed 28,000 BTC and remained subject to change.  Buying Bitcoin or reducing dividends  Strives

2 دن پہلےانڈسٹری

Chinese crime network laundered over $1B for Lazarus: ZachXBT

A Chinese organized crime syndicate laundered more than $1 billion stolen in multiple crypto exploits for North Koreas Lazarus Group, according to blockchain investigator ZachXBT.  In an Oct. 5 thread on X, pseudonymous blockchain investigator ZachXBT said he posed as a paying client to infiltrate the money laundering network in February 2025, just days after the Bybit hack. He put up $349,700 in stablecoins and took a 5% loss on each order to build trust with one of the networks operators, known as “Jimmy Green.”  ZachXBT said the operations spanned Hong Kong and mainland China, and information supplied by the launderer helped him identify a cluster of more than $12 million in Bybit-linked funds, with Tether later freezing $442,000 in associated USDt (USDT).  The investigation offers rare insight into the alleged intermediaries handling North Koreas stolen crypto. Hackers linked to the country have stolen at least $6.75 billion in digital assets through 2025, according to Chainalysis.  How North Korea moves stolen crypto  North Korean hackers are known to use a multi-stage laundering process. One method involves chain-hopping and token swapping through decentralized exchanges, bridges and other services to obscure the flow of funds.  Related: SlowMist traces Bitget hack activity to Aug. 31 zero-day exploit  Chinese intermediaries have

2 دن پہلےانڈسٹری

Solana Debuts Institutional Settlement Standard With J.P. Morgan Input

In briefThe Solana Foundation launched Solana DvP, an open-source escrow program giving financial institutions a standardized API for delivery-versus-payment settlement, released under the MIT license with input from J.P. Morgan.The tool compresses the multi-day clearinghouse-and-custodian process into a single atomic transaction where both the asset and payment settle together or neither does.It builds on Solanas growing institutional pull in tokenized assets.  The Solana Foundation is making a direct play for institutional finance, launching an open-source program designed to let banks settle trades on the network with the certainty they expect from traditional markets.  Announced Monday, the tool, called Solana DvP, is an open-source escrow program that gives financial institutions a standardized API for delivery-versus-payment settlement, the bedrock mechanism that ensures an asset and its payment change hands simultaneously.  Myriad: Where does Solana go next? Click to make your prediction.  Released under the permissive MIT license, it aims to bring that settlement guarantee to public blockchain infrastructure as a reusable standard rather than the bespoke smart contracts institutional trades have typically relied on.  The foundation said J.P. Morgan provided input on institutional settlement practices that shaped the design.  “Atomic settlement removes counterparty risk that is inherent in traditional finance,” said Catherine Gu, the foundations head of product

2 دن پہلےانڈسٹری

Peter Brandt Hints at Bullish XRP Pattern With a Coffee Cup Chart

XRP‘s recent price recovery may be forming a bullish chart pattern, judging from a coffee cup image Peter Brandt placed beneath the cryptocurrency’s trading history. His latest post hints at a possible setup awaiting a breakout.  Key TakeawaysBrandts daily XRP chart marks a horizontal level at $1.6572.Reaching the marked level from $1.5230 would require an 8.8% rise.His earlier $5.40 projection came from a separate monthly chart.  A Coffee Cup Puts XRPs Gain in Focus  XRP investors have a possible bullish formation to assess after veteran trader Peter Brandt shared a daily price chart on X on Oct. 5. The founder of Factor Trading, a proprietary trading and market research firm, placed a coffee cup beneath the tokens recent trading history, suggesting a potential cup-and-handle interpretation of its recovery and subsequent pullback.  The image shows a sharp August advance, a retreat through mid-September, and a recovery toward a horizontal line labeled $1.6572. Recent bars cluster below that line, with the displayed price at $1.5230. Moving from that reading to the marked level would require an increase of approximately 8.8%, placing the potential resistance test above the latest consolidation.  Brandts visual shorthand fits his long-standing use of classical chart patterns to evaluate price movements across financial markets.

2 دن پہلےانڈسٹری

Kraken parent joins Singapore Gulf Bank, opening 24/7 institutional dollar rails

Krakens parent company, Payward, has connected to Singapore Gulf Banks SGB Net clearing network, opening round-the-clock US-dollar funding for selected institutional clients in Asia and the Gulf.  Related Company Kraken San Francisco based digital asset exchange  The companies say participating clients in eligible jurisdictions can deposit cash with Payward and use it immediately.  In their release dated Oct. 5, the companies describe an initial dollar settlement offering. SGB also plans to use Payward markets to price digital asset trades for its own customers over the coming months, giving the partnership a live funding service and a separate planned trading component.  Through SGB Net, participating SGB clients can fund Payward accounts at any hour, the companies say. The dollar connection is available 24 hours a day, seven days a week. Its immediate practical benefit is greater flexibility over when those institutions move cash for digital-asset activity.  The releases do not name participating clients or list eligible countries, so they do not provide an institution outside that group with a country-by-country guide to availability. The reference to Asia and the Gulf describes the regional focus, while the jurisdiction restrictions limit where the service can be used.  The companies intend to add more clients and currencies over time, but

2 دن پہلےانڈسٹری

CFTC makes its biggest move yet to bring offshore crypto trading back to the US

The Commodity Futures Trading Commission (CFTC) is offering US crypto exchanges a federal route to retail leverage as Congress remains stalled on market-structure legislation.  On Oct. 5, the financial regulatory agency opened rulemaking for Regulation Crypto Asset Transactions (CTX) and Regulation Crypto Asset Markets (CAM), which would create a national framework for platforms offering retail customers margined, leveraged, or financed crypto trading.  Participation would remain optional for ordinary spot exchanges because the agency acknowledges it cannot compel the broader crypto market onto CFTC-regulated venues without congressional action. The incentive is access to leveraged products that state money-transmitter licensing alone does not provide.  The initiative gives the CFTC a way to use authority it says already exists under the Commodity Exchange Act while Congress has yet to enact comprehensive legislation governing crypto spot markets.  CFTC turns leverage into its regulatory carrot  The framework would effectively create three regulatory paths depending on what an exchange wants to offer US customers.  Ordinary spot exchanges could remain primarily under state licensing regimes, supplemented by the CFTCs existing anti-fraud and anti-manipulation authority.  Platforms offering leveraged or financed retail crypto transactions could seek federal registration under the new framework, while venues offering futures, perpetuals and other derivatives would remain under the agencys existing

2 دن پہلےانڈسٹری

BTC price fights to reclaim 2026 open: Three things to know in Bitcoin this week

Bitcoin (BTC) is eyeing a key level as BTC/USD is on the cusp of turning the 2026 yearly candle green.  Key points:Bitcoin bulls have briefly revisited $87,000 on some exchanges, but the 2026 yearly open at $87,570 will provide ongoing resistance.Traders are turning their attention to the bond market ahead of Wednesdays 10-year note auction and Fed meeting minutes.BTC/USD brushes off a traditionally weak start to the month. October upside has historically averaged 18.7% since 2013.  2026 yearly open becomes Bitcoins next resistance hurdle  Bitcoin continues to battle range highs after sealing its highest weekly close since late January at $86,532 on Bitstamp. Data from TradingView shows brief wicks to $87,000 after the weekly close, as part of Bitcoins fourth attempt to break higher since Sept. 21. Bulls have so far failed to reclaim the yearly open at $87,570.BTC/USD one-hour chart. Source: Cointelegraph/TradingView  On lower time frames, liquidity hunts continue to dictate price action. Similar to last week, BTC/USD saw liquidations of nearby short positions around $85,500, while walls of bids and asks thickened around spot price, keeping volatility constricted. Data from CoinGlass shows concentrations at $83,700 in addition to the yearly open.BTC three-day liquidation heatmap. Source: CoinGlass  “Bitcoin continues to be sandwiched between the

2 دن پہلےانڈسٹری

CFTC joins SEC in proposing crypto framework after failed CLARITY vote

US Commodity Futures Trading Commission (CFTC) Chair Michael Selig said that the agency will move forward on crypto regulation at the direction of President Donald Trump “with or without legislation” from Congress.  Speaking at the Fordham Law Blockchain Regulatory Symposium on Monday, Selig announced proposals giving crypto companies the option to operate under the CFTCs umbrella rather than dealing with the patchwork of regulations offered by individual US states.  According to written remarks from the event, the CFTC chair said that it had issued an advanced notice of proposed rulemarking for companies “offering retail customers the ability to trade crypto assets on a margined, leveraged, or financed basis,” calling the regulation ‘CTX.’  Selig said that the agency planned to establish a new category of designated contract market (DCM) called a “crypto asset market,” or CAM, giving certain exchanges the option to register as either.  “These rules would codify a pathway for crypto asset exchanges to operate under uniform national oversight by the CFTC pursuant to the same statutory authorities that the prior administration instead utilized to regulate by enforcement,” said Selig.CFTC Chair Michael Selig on Monday.  Source: Fordham Law Blockchain Regulatory Symposium  The proposed rules would not extend to what the chair called “ordinary spot crypto

2 دن پہلےانڈسٹری

Crypto PAC announces support for 32 House candidates in US midterms

Fairshake, the political action committee (PAC) backed by contributions from Coinbase, Ripple Labs and Andreessen Horowitz, announced that it would initially spend a combined $6 million on six House of Representatives candidates out of 32 people the group planned to back ahead of the 2026 US midterm elections.  On Monday, Fairshake said that it would support 19 Republican and 13 Democratic incumbents in US House races for 2026. The PAC is expected to spend more than $100 million on ads supporting House and Senate candidates in 2026, including at least $30 million in Ohios Senate race to back Republican Jon Husted over Democrat Sherrod Brown.  “Fairshake has always been and always will be an issue-focused organization,” said Fairshake spokesperson Geoff Vetter. “We back pro-crypto candidates who support American innovation in both parties.”  According to the crypto-backed PAC, three Republican and three Democratic candidates will each receive $1 million in spending ahead of the 2026 midterms. These politicians included Oregon Representative Janelle Bynum, California Representative Derek Tran and Nevada Representative Steven Horsford on the Democratic side and Arkansas Representative French Hill, Michigan Representative Bill Huizenga and Wisconsin Representative Bryan Steil as Republicans.  All 32 candidates Fairshake said would receive its support voted to advance the

2 دن پہلےانڈسٹری

Fairshake plans $6m push for six US House candidates

Fairshake has announced an initial $6 million spending plan for six US House candidates as part of its support for 32 incumbents ahead of the 2026 midterm elections.  Fairshake said on Oct. 5 that its first disclosed allocations would support three Democrats and three Republicans, with each receiving $1 million in election spending rather than a direct campaign contribution.  Backed by Coinbase, Ripple Labs and venture capital firm Andreessen Horowitz, the political action committee named Democratic Representatives Janelle Bynum of Oregon, Derek Tran of California and Steven Horsford of Nevada for the initial spending round.  On the Republican side, the PAC selected Arkansas Representative French Hill, Michigan Representative Bill Huizenga and Wisconsin Representative Bryan Steil for the same amount of support, according to its announcement.  Fairshake directs its first $6 million toward six incumbents  In explaining the selection, Fairshake spokesperson Geoff Vetter said the organization bases its election work on candidates positions on cryptocurrency policy, with support extending across party lines.  “Fairshake has always been and always will be an issue-focused organization,” he said.  “We back pro-crypto candidates who support American innovation in both parties.”  The three Republicans hold senior positions on the House Financial Services Committee, according to Roll Call, which reported that Hill chairs the full

2 دن پہلےانڈسٹری
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