Strategy, the publicly traded Bitcoin treasury company led by Michael Saylor, resumed its Bitcoin purchases after a two-week pause, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on Monday. The company acquired 950 BTC for $75.7 million during the week from Monday through Sunday, at an average price of $79,670 per coin. The new buy lifts Strategy’s total Bitcoin holdings to 846,000 BTC, accumulated for roughly $63.8 billion at an average cost of $75,416 per Bitcoin (including fees and expenses). At the time of publication, Bitcoin was trading at $84,925, implying an unrealized gain of about $8.05 billion on the treasury’s position, based on figures referenced in the filing. The update also arrives as Strategy continues to balance Bitcoin accumulation with ongoing preferred stock management and a large cash position. Key takeaways Strategy bought 950 BTC for $75.7 million at an average price of $79,670 per coin after a two-week buying pause. Total hol...

For two years, writing "AI" in your whitepaper was enough to raise money. That era just ended. And most crypto projects have no idea what comes next. The Line That Changes Everything Alice Liu, Head of Research at CoinMarketCap, said it this week: "More capital, fewer names. The AI tag is free; the market is finally charging for it." Eight words that describe the end of an era. For the past two years, "AI" was the most valuable word in crypto. Stick it in your whitepaper, your pitch deck, your Twitter bio, your token name. Capital would follow. Questions wouldn't. That's over. Capital is now flowing into a handful of AI crypto projects with real traction while hundreds of AI-labeled tokens bleed out quietly. The market stopped being naive. And most projects built on a narrative instead of a product are about to find out what that means. How The AI Tag Became A Free Pass Cast your mind back to 2024. The AI hype cycle was at its peak. ChatGPT had jus...

Multicoin Capital co-founder Kyle Samani believes the next phase of crypto company building could tilt further toward Solana as developers look for networks that are simpler to operate while still offering robust functionality. In a discussion with Cointelegraph, Samani argued that Solana is likely to become the “default” smart contract platform for more firms during the current market cycle, potentially eroding Ethereum’s long-held dominance in that role. Samani’s stance is notably consistent with his track record: Multicoin accumulated an early position in Solana, and he has been one of its most persistent public advocates. His comments also come as Solana’s token has outperformed Ethereum in the recent upswing, while showing a deeper drawdown during the prior bear market—two dynamics that investors may want to reconcile when assessing the sustainability of the current momentum. Key takeaways Kyle Samani predicts more crypto companies will default to building on Solana instead of E...

Michael Saylor’s Strategy has resumed Bitcoin accumulation after a brief two-week pause, buying 950 BTC for $75.7 million at an average price of $79,670 per coin, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on Monday. The latest purchase lifted Strategy’s Bitcoin holdings to 846,000 BTC, acquired for roughly $63.8 billion at an average cost of $75,416 per Bitcoin (including fees and expenses). With Bitcoin quoted around $84,925 at the time of publication, the company reported an unrealized gain of about $8.05 billion on its treasury position, based on the figures included in its filing and CoinGecko’s price reference. Key takeaways Strategy bought 950 BTC for $75.7 million (avg. $79,670) after pausing for about two weeks, per an SEC Form 8-K. Strategy’s Bitcoin treasury now totals 846,000 BTC, with the company citing an unrealized gain of roughly $8.05 billion versus a referenced BTC price of $84,925. Alongside Bitcoin buys, Strategy continued r...

Bitcoin began the week near its strongest levels in almost eight months, pushing to $85,248 on Monday—its highest point since Jan. 29 . The move follows a weekly advance after BTC ended Sunday’s session at $81,120 , its best weekly close since the week of May 4 , according to TradingView data cited in the report. Beyond the headline price action, traders are watching two closely related dynamics: whether Bitcoin can hold above a previously marked local high around $82,950 , and how quickly market participants take profit as spot Bitcoin ETF-related investors near their estimated breakeven area near $86,000 . Key takeaways BTC reached $85,248 on Monday, extending gains to levels not seen since Jan. 29 , after a strong weekly close on Sunday. Crypto liquidations jumped , with CoinGlass reporting cross-crypto liquidations above $600 million over 24 hours. ETF cost-basis pressure is rising : Glassnode estimates a spot ETF breakeven cost basis at $85,638 . Macro attention is shif...

Near Protocol’s native token has jumped sharply this week as the network expands privacy-focused trading and related infrastructure. Over the past seven days, Near’s token traded around $4.29—up about 78.2%—according to CoinGecko, with CoinGecko also showing total cryptocurrency market capitalization up roughly 6% over the same period. The rally appears tied to new privacy features launched for perpetual futures trading on near.com, alongside a growing ecosystem around Near Intents, a platform that coordinates cross-chain swaps by matching users with market makers. Key takeaways CoinGecko data shows Near (NEAR) gained about 78% in seven days, outpacing a broader market that rose around 6%. Near says deposits and withdrawals for perpetual futures trading on near.com are now confidential by default, obscuring the connection between funding wallets and Hyperliquid trading accounts. Near.com’s confidential TVL surpassed $70 million, triggering the first snapshot under the NEAR@3.33 i...

Elon Musk’s X has launched legal action in England and Wales against alleged operators of a network of Bitcoin-themed accounts, accusing them of manipulating engagement to collect payouts from the platform’s former creator revenue-sharing program. The lawsuit seeks to recover at least £207,384 (about $278,000) in creator earnings that X says were fraudulently obtained. In a filing submitted to the High Court of England and Wales on Thursday, X named Vivek Kumar Sen, Zamyang Sherpa, and unidentified account operators as defendants. The complaint is posted on X’s Transparency Center here . Key takeaways X claims the defendants coordinated multiple Bitcoin-focused accounts to artificially inflate engagement for creator payouts. The lawsuit targets at least six X profiles enrolled in the former creator revenue-sharing program and links them to two named individuals. X alleges the accounts used reposting, liking, and near-identical posts to create a “false appearance of genuine” inter...