Bitcoin held around $84,000 after reports that Iran submitted terms via Qatari mediators for reopening the Strait of Hormuz, sending oil prices lower and pausing a broader bond-market selloff that had been weighing on risk assets.
why it mattersA reminder that Bitcoin's short-term price action is currently tracking macro and geopolitical headlines more than crypto-native news.
CoinDesk
Michael Saylor's Strategy is asking shareholders to approve daily dividend record dates for its STRC, STRD, STRF and STRK preferred shares, starting with STRC in November, in a bid to restore STRC's price toward $100 without changing total payout obligations.
why it mattersStrategy's preferred stocks are a widely watched proxy for confidence in its bitcoin-backed balance sheet.
CoinDesk
The SEC's Division of Corporation Finance updated its crypto FAQ to say that token buybacks and routine network upgrades don't by themselves turn a crypto asset into a security, while the CFTC separately updated its own guidance on blockchain-based recordkeeping.
why it mattersClearer securities-law guidance reduces legal risk for protocol treasuries and issuers running buyback programs, a persistent source of uncertainty in the industry.
The Block