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TAC has remained frozen for more than 10 days after an exploit led to a 1.26 billion-token bailout. A transaction emptied 28.6% of the bonded pool, while 1.66 billion attacker-held TAC remains unresolved.
Strategy’s STRC preferred security remains near $97 despite $635.2 million in buybacks. Michael Saylor has roughly one week before his informal Sept. 8 target to restore the security to its $100 par value.
Twenty-one major financial institutions, including Bank of America and Citi, are positioning themselves around stablecoins as Standard Chartered estimates the tokens could remove about $500 billion from US bank deposits by 2028.
Hut 8’s Texas campus is tied to two long-term leases worth $19.6 billion, more than 260 times its latest quarterly revenue, amid Anthropic’s $35 billion AI deal and an industry race for power and data-center capacity.
CryptoSlate examined Michael Saylor’s $2 billion capital loop, saying it preserves Bitcoin self-custody while supporting layered claims that finance Strategy’s balance sheet and reshape views of BTC ownership.
Bitmine now controls 4.9% of Ethereum’s supply after adding 53,500 ETH, Cointelegraph reported. The purchase marks 65 consecutive weeks of accumulation despite a prolonged crypto downturn and $5.1 billion in paper losses.
Russia’s regulated cryptocurrency exchanges could process more than $46 billion in trading volume during their first year after legalization, based on an estimate from the country’s largest bank, Cointelegraph reported.
Bitcoin’s rally to around $79,000 lifted Strategy’s 840,447 BTC holdings roughly $2.8 billion above cost. Michael Saylor’s “We’re Back” post prompted speculation that the company could resume buying, though no purchase was confirmed.
The US Treasury plans to borrow $739 billion from July through September while buying back some older bonds. CryptoSlate says the new debt issuance could absorb liquidity before the impact of buybacks reaches Bitcoin and other risk assets.
Bitcoin ETF inflows posted a $201.9 million reversal after a roughly $3 billion streak, but the week remained positive. Ethereum, XRP and Solana continued to see buying, according to CryptoSlate.
US spot Ethereum ETFs appeared to launch with $10.36 billion in assets, but CryptoSlate’s review of filing data found that most came from ETH already held by Grayscale’s older trusts rather than new institutional buying.
