8-11
Strive keeps SATA preferred dividend at 13%, raising risk it may sell Bitcoin to fund cash payouts
Strive has maintained the variable dividend rate on its SATA perpetual preferred shares at 13%, implying about $101.8 million in annualized dividends based on the June 30 share count. The company reported $154.9 million of cash and cash equivalents as of Aug. 7, leaving limited cash-only coverage at that dividend run rate. If cash needs persist, Strive could be pressured to sell Bitcoin to close a funding gap. Any dividend-rate change or Bitcoin sale remains conditional and has not been finalized.
BTC
BTC+0.95%
8-11
8-11
Bitcoin, Ether ETFs draw $1.08B in a week, best since April, while BTC rises 0.26% and ETH gains 0.35%
During Aug 3-7, BTC ETFs posted $847.0M of net inflows and ETH ETFs took in $229.7M, lifting combined inflows to $1.08B, the strongest weekly showing since April. Price reaction was limited, with BTC up 0.26% and ETH up 0.35%. After five consecutive inflow sessions, BTC saw a $91.0M outflow on Monday, while ETH remained positive with an additional $5.3M inflow. On-chain data show BTC spot CVD at $142.8M and futures CVD at $1.61B, alongside long-term holders distributing 14,526 BTC (about $929M), while ETH spot CVD was -$63.1M and futures CVD was +$717.1M.
BTC
BTC+0.95%
8-11
8-11
ZEC/BTC Breaks a Nine-Year Downtrend, Consolidates at 0.007904 BTC
The total crypto market cap edged up 0.31% to $2.21 trillion this week, while Bitcoin traded in a tight $64,730–$65,193 range. The ZEC/BTC pair broke a nine-year downtrend and is consolidating at 0.007904 BTC, well above its 200-period simple moving average of 0.002567 BTC. Digital Currency Group founder Barry Silbert said sustained inflows could lift Zcash’s market cap toward 10% of Bitcoin’s, or roughly $130 billion. Bitcoin failed twice to clear $65,400, with support near $62,300.
BTC
BTC+0.95%
8-11
8-11
U.S. spot Bitcoin ETFs draw $853.5 million in weekly inflows through Aug. 7, led by BlackRock’s $693 million
U.S. spot Bitcoin ETFs took in about $853.5 million in net inflows in the week through Aug. 7, the largest weekly intake since mid-April. BlackRock’s IBIT contributed $693 million and Fidelity’s FBTC added about $116 million. Ethereum ETFs attracted nearly $245 million over the same period, lifting combined inflows for the two categories to roughly $1.1 billion. After months of net selling, Bitcoin ETFs were about $4.5 billion net outflow year-to-date and saw more than $8 billion of heavy outflows over eight weeks earlier in the summer, before the recent run of daily net inflows reversed the slide.
BTC
BTC+0.95%
8-11
8-10
BNB Chain memecoin TUT sees over $42 million liquidations after 1,100% two-day surge
Memecoin TUT posted more than $42 million in liquidations over the past 24 hours, surpassing Bitcoin and Ethereum to rank as the most liquidated crypto asset. The token had jumped more than 1,100% in two days, hitting an all-time high of $0.2903 on August 9 before reversing sharply. It is now trading about 42% below that peak and saw unusually heavy derivatives activity, with 24-hour futures volume reaching $3.34 billion.
TUT
TUT+31.23%
8-10
8-9
Solana futures open interest nears $1.8 billion as funding hits an 11-month high with SOL around $78
Solana futures open interest is close to $1.8 billion, representing about 23.1 million SOL in notional exposure. Funding rates on major exchanges’ perpetual contracts have risen to around 0.01% every eight hours, the highest in nearly 11 months, indicating traders are paying up to keep leveraged long positions. The last time funding was at similar levels, SOL traded above $200, while it is now above $70 and roughly 2.6% away from the $80 resistance level. Traders are watching whether SOL can break through $80.
SOL
SOL+0.86%
8-9