Bollinger Bands creator John Bollinger says Bitcoin’s charts look like they’re ready to take off. That’s not the only big news from the past week in crypto.
Michael Saylor’s Strategy sold 3,588 BTC for $216 million to fund preferred stock dividend payments and refill its cash reserves. That brings their total holdings down to 843,775 Bitcoin — still a massive stack. The sale happened in two batches: 1,363 BTC at $59,256 early last week, then another 2,225 at $60,773 later on. This follows a small 32 BTC sale in early June, their first reported sell since 2022.
Bernstein had just published a report saying Strategy wasn’t likely to be forced into selling, citing 17 months of cash runway for dividends and interest. They called the company a net buyer that acts as a balancing force against miners who are selling to pivot into AI.
Over in politics, President Trump brushed off criticism over his $1.4 billion crypto-related income while in office. In a CNBC interview, he said there’s “nothing illegal” and “nothing wrong” with it, claiming other people handle his investments. Financial disclosures showed his memecoin pulled in about $636 million, World Liberty Financial generated $588 million, and a stablecoin venture added $197 million. Senator Kirsten Gillibrand responded by proposing a ban on elected officials — including the president — from issuing their own tokens.
Vitalik Buterin dropped a new “Lean Ethereum” strawmap naming quantum resistance, scalability, and privacy as top priorities over the next 3-4 years. He said quantum safety has “shifted up a LOT in priority” and called finalizing a quantum-safe solution for blobs “urgent.” Privacy is now a “first class goal” too.
More than 140 companies — including Visa, Mastercard, Coinbase, and Ripple — signed onto Open USD (OUSD), a new dollar-pegged stablecoin that lets businesses keep all the earnings from its reserves. Some signatories later backed away from firm commitments, but the signal’s still loud.
