Bitcoin is rebounding today — just weeks after it looked like a nightmare scenario could drag it below the $50,000 mark.
Now, almost every part of the Strategy perpetual Bitcoin machine is flashing green as the market digests the new framework for buys and sells announced by the largest public holder of Bitcoin.
Plus, we chat with one of the leading Ethereum digital asset treasury CEOs to see if people might be sleeping on a similar comeback story brewing for ETH. Read on to see why he thinks the next Ethereum supercycle has already begun.
Strategy Sells $216M Worth of BTC
After selling 32 Bitcoin in May, Strategy triggered a bit of a panic. We quickly interviewed Strategy CEO Phong Le, who reiterated his confidence in how Strategy built its financial flywheel.
Last week, the largest public holder of Bitcoin made material updates to that flywheel — including codifying the levels at which it would look to sell its common stock, and explicitly outlining that it could — and would — sell its Bitcoin if needed to fund paying out the company’s dividend.
This week, it seems as though that update did the trick. Despite announcing it sold $216 million worth of Bitcoin from its stash of $53.8 billion, Bitcoin actually rose on the day.
Not only that, but Strategy’s MSTR shares and STRC (preferred shares) moved higher.
As some critics have pointed out, Strategy technically just sold roughly the same amount of Bitcoin that it spent the last few weeks accumulating. But if things look like they are trending in the right direction, it might be a small price to pay to keep the ship afloat. For now, it looks like Saylor has righted the ship.
An ETH Supercycle?
At the midpoint of the year, Ethereum is losing badly to Bitcoin. But according to the CEO of one of the largest Ethereum digital asset treasuries, price action is not reflecting the ecosystem gains Ethereum has made this year.
As Sharplink CEO Joseph Chalom tells us, stablecoin adoption on Ethereum — along with uptake on the tokenization front — is fueling the early innings of an Ethereum supercycle.
“I'm not in the business of giving short term price predictions,” he said. “But I actually think in the Ethereum space, the risk reward of buying ether today at this price around $1700 may never have been better given the tailwinds that we're seeing in the ecosystem.”
CLARITY Act Odds Narrowing
The window to pass the CLARITY Act is already quite small, but things are not looking better.
After President Trump’s personal financial disclosures revealed he made more than $1 billion on crypto endeavors, some key Democrats have ramped up their push for banning politicians from making money in the industry. Notably, even pro-crypto New York Senator Kirsten Gillibrand took little time to put out a statement flagging that Trump’s “single largest source of income in 2025, $636 million, came from issuing a memecoin.” Sen. Gillibrand pushed to ban politicians from following suit.
“This is a commonsense requirement that should get broad bipartisan support – public officials and their spouses should not be issuing memecoins. We cannot let self-dealing destroy an opportunity to strengthen consumer protections, crack down on illicit finance, and expand economic opportunity for the millions of Americans our financial system has left behind,” she said.
Ethical guardrails — and specifically whether Republicans or Trump might stomach those if they mean reeling in the money he and his family are making on crypto — seem like they could remain an issue. Without this getting resolved, it’s hard to see a path for CLARITY to pass before the Senate hits its August recess.
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