This week’s crypto storylines mixed balance-sheet stress, regulation, venture hindsight, geopolitics, and macro sentiment. Michael Saylor built a $3 billion cash buffer around Strategy’s bitcoin stack, the CFTC backed Kalshi in its Michigan fight, and Tim Draper reflected on missing Coinbase before later joining the ride. Trump’s Iran remarks rattled oil and bitcoin, while Larry Fink struck a bullish tone on markets and said crypto looks more stable after the leverage washout.
Saylor Hoards $3 Billion in Cash as Strategy’s $55 Billion Bitcoin Bet Sinks $9.9 Billion Underwater
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CFTC Blocks Kalshi From Cancelling Michigan Sports Trades Ordered Voided
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Tim Draper Admits ‘Ouch’ Moment After Passing on Coinbase — His Son Saw a Crypto Fortune in the Making
Editor’s comment:Now that he’s learnt his lesson, there may be some alpha in the next founder that Draper or his son decide to invest in early on. Today, Coinbase is worth over $44 billion, a lovely company to get in at the ground floor on.
Trump Torches Iran Ceasefire as Brent Crude Tops $83 and Bitcoin Sinks Below $62K
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Blackrock CEO Larry Fink ‘Very Bullish’ on Markets as Bitcoin Stabilizes
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