Strategy Plays Defense, Tech Firms Push for CLARITY, And More — Weekly Recap

WEEK IN REVIEW

Michael Saylor Reflects on Strategy’s Bitcoin Crisis After BTC Fell Below $16K

Strategy’s bitcoin position has swelled to 846,842 BTC after surviving a dramatic 2022 crypto market downturn that put its… read more.

Editor’s comment:

Mr. Saylor attempts to put the current market conditions into perspective, and does a decent job of reminding people of how dire things looked in 2022.

1,200 Tech Companies Push Senate to Pass CLARITY Act Quickly as US Crypto Rules Face Global Pressure

The Consumer Technology Association, which represents more than 1,200 technology companies, urged Senate leaders to… read more.

Editor’s comment:

It’s telling that the Consumer Technology Association (CTA) looks to primarily be pushing Democrat policymakers. Telling, but unsurprising.

XRP Withdrawal Activity Reaches Highest Level Since June 2024 on Binance

XRP withdrawal transactions on Binance overtook deposits for several days, while similar shifts were observed across other crypto exchanges… read more.

Editor’s comment:

This is cautiously optimistic data. The withdrawal dominance is directionally constructive for XRP because exchange outflows are often associated with reduced sell pressure or accumulation. Fingers crossed.

Satoshi’s Lost-Coin Quote Hits 16-Year Mark as Millions of BTC Are Deemed Lost

Satoshi’s 2010 lost bitcoin remark turns 16 as data pegs permanently lost bitcoin near 3.1 million BTC. But is that figure… read more.

Editor’s comment:

“Dying Bitcoins”, as they were called, was seen by Satoshi as a feature, not a bug. How many coins are lost looks to be an unsolvable mystery.

Elon Musk’s X Money Rolls Out to Premium+ Users With Up to $10 Million in FDIC Insurance

Elon Musk’s social platform X has begun rolling out its X Money payments service to select Premium+ subscribers, offering up to… read more.

Editor’s comment:

Thus far there doesn’t seem to be any crypto features, but given Mr. Musk’s flirtations with crypto it’s safe to say that many are coming.