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Key Takeaways SUI faces critical resistance at the $0.85 level, with potential rallies to $1.07 and $1.34 on a confirmed breakout Traders need to see a definitive daily candle close above $0.85 before

SUI Token Eyes Critical $0.85 Breakout After 12 Consecutive Weeks of ETF Accumulation

HTX 13th-Anniversary CarnivalHTX Creation Challenge — Post and Win 1,500U Trending Token Price Prediction Challenge MSTR holders just funded a $1.59 billion cash pile that may never become Bitcoin Str

HTX Creation Challenge — Post and Win 1,500U

 Trending Token Price Prediction Challenge

MSTR holders just funded a $1.59 billion cash pile that may never become Bitcoin
Strategy, the Bitcoin treasury company formerly known as MicroStrategy, raised $2.0065 billion by selling common shares from Aug. 17 through Aug. 23 and bought no Bitcoin. The transaction left its $1.59 billion USD Cash balance at the center of a wider capital-allocation contest.
The company sold 18,261,118 shares of MSTR, its common stock, then used $136.4 million to repurchase 1,431,212 shares of STRC, a variable-rate preferred stock. It transferred another $300 million to its separately designated USD Reserve. The remainder, $1.5701 billion, went into USD Cash, according to Strategy's Aug. 24 filing.
Strategy reported ending balances of $5.10 billion in the reserve and $1.59 billion in USD Cash. Those balances included expected proceeds from ATM shares that had not yet settled. The company held 840,447 BTC after making no Bitcoin purchase or sale during the week, with an aggregate cost of $63.36 billion and an average cost of $75,385 per coin.
The two dollar accounts serve different purposes. The USD Reserve remains designated for preferred dividends and interest on outstanding debt. USD Cash is flexible: Strategy may use it to acquire Bitcoin, cover those obligations, repurchase MSTR or preferred stock, repay, repurchase or redeem convertible notes, increase the reserve, or pursue similar Bitcoin Treasury Company purposes.
Because those are permitted uses rather than commitments, Bitcoin is one potential destination for the pool, not a promised one.
The flexibility came with a measurable common-share cost. Strategy's share dashboard reported 415.929 million basic shares outstanding on Aug. 23. Subtracting the 18.261 million shares issued during the week produces an implied pre-week basic count of 397.668 million, 


MSTR holders just funded a $1.59 billion cash

HTX 13th-Anniversary Carnival

On August 27, Apple announced that it will hold its largest product launch event of the year on September 9, officially marking the tenure of new CEO John Ternus. The event's slogan is "Surprise and s

Apple to Hold Foldable iPhone Launch Event on September 9, Marking the Era of John Ternus

BREAKING 🚨 Core PCE inflation spikes, creating a hawkish front end amid loose conditions 🚀. The surge pushes short‑term rate expectations higher, prompting markets to anticipate tighter policy. Meanwh

🧠 Don't Confuse a Bounce With Strength $SUSHI Decentralized exchange infrastructure remains tied to on-chain trading volume and DeFi liquidity. 💰 The chart needs to establish a higher low before resis

On August 27, Apple (AAPL.O) announced that it will hold its largest product launch event of the year at its Cupertino headquarters on September 9 at 10 AM Pacific Time (1 AM Beijing Time the next day

Apple to Launch First Foldable iPhone on September 10

HTX Creation Challenge — Post and Win 1,500UHTX 13th-Anniversary Carnival South Korea’s Financial Services Commission (FSC) is set to submit a government proposal for the Basic Digital Asset Act in ea

South Korea’s Financial Services Commission (FSC) is set to submit a government proposal for the Basic Digital Asset Act in early September, according to a report from The Herald Business. The legislation, sponsored by Rep. Yoo Dong-soo of the ruling Democratic Party, who chairs the National Assembly’s Political Affairs Committee, aims to introduce a uniform ownership cap for major shareholders of virtual asset exchanges.

Key Provisions of the Proposed Act

The proposal is reportedly centered on applying the same major shareholder ownership cap to all virtual asset exchange operators, regardless of exchange size or market share. A 20% ceiling is being discussed as the base proposal for this cap, which has emerged as the biggest sticking point in the legislative discussions.

The FSC’s move is part of a broader effort to bring traditional financial companies, such as banks, into exchange governance. By imposing a 20% ownership limit, the regulator aims to prevent any single entity from dominating an exchange’s management, thereby enhancing transparency and accountability in the digital asset market.

Context and Implications

This legislative push comes amid South Korea’s ongoing efforts to establish a comprehensive legal framework for digital assets. The country has been a global leader in cryptocurrency adoption, and its regulatory actions are closely watched by market participants worldwide.

The proposed cap is expected to impact not only domestic exchanges but also foreign entities seeking to operate in South Korea. Traditional financial institutions, which have been cautious about entering the crypto space, may see this as an opportunity to participate in exchange governance without taking on excessive risk.

Why This Matters

For investors and industry stakeholders, the Basic Digital Asset Act represents a significant step toward regulatory clarity. 

South Korea’s FSC to Introduce Digital Asset Bill

Trending Token Price Prediction ChallengeHTX 13th-Anniversary CarnivalHTX Creation Challenge — Post and Win 1,500UIBIT Opens In-Kind Bitcoin Process to More InstitutionsBlackRock Bitcoin news, the Wor

IBIT Opens In-Kind Bitcoin Process to More InstitutionsBlackRock Bitcoin news, the World’s largest asset manager has reduced the reported minimum for in-kind creations and redemptions involving its iShares Bitcoin Trust (IBIT) from $25M to $1M, reports suggest that the change was reflected in an updated SEC filing.

This news comes as BTC USD is trading at $78,800, down -1.4% overnight but still up +22% over the past week following a huge rally that saw it climb from $64,400 to nearly $80,000, single-handedly reinvigorating the crypto market.According to FinanceFeeds, in-kind creation and redemption allow authorized participants to exchange Bitcoin and IBIT shares rather than settle those transactions in cash.

The report said the lower minimum expands access to the process for mid-sized institutional participants, including registered investment advisers, family offices, and smaller trading firms operating through authorized participants.

FinanceFeeds also reported that retail investors cannot redeem IBIT shares directly for Bitcoin and that the change concerns the fund’s creation and redemption process rather than open-market purchases of IBIT shares.

IBIT Opens In-Kind Bitcoin Process to More Institu

On August 27, Iranian Foreign Minister Amir-Abdollahian sent a letter to the UN Secretary-General, the Security Council, and UN member states, stating that the 'economic isolation actions' announced b

Iran's Foreign Minister Requests UN Condemnation of US 'Economic Terrorism'

Chinese AI startup reportedly seeks a 30% revenue cut from U.S. cloud providers hosting its Kimi K3 model. Moonshot AI, a Chinese artificial intelligence developer, is reportedly in talks with three o

Moonshot AI in Talks With Microsoft, Amazon, Google to Host Kimi K3

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