News linked to both this project and an event.
as the cryptocurrency market continues its rebound, shares of Bitcoin mining firms and digital asset treasury companies rose over the weekend. Market participants believe that the U.S. Treasury's announcement to expand the scale of long-term Treasury buybacks has boosted liquidity expectations, fueling improved sentiment toward risk assets and further lifting crypto-related stocks. Bitcoin mining firm Canaan saw its share price surge over 25%; MARA Holdings continued to climb after rising nearly 16% on Thursday. Strive, a digital asset treasury company holding more than 20,000 BTC, gained over 16% on Friday.Additionally, Trump stated that the U.S. government may purchase Bitcoin on a "large scale" in the future. The market rally was also driven by improved expectations for U.S. regulatory clarity. On Thursday, President Trump again urged Congress to advance the CLARITY Act, a bill aimed at further defining the U.S. digital asset regulatory framework and delineating the respective oversight roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the crypto market. (Cointelegraph)
Odaily News, Strive Vice President Joe Burnett posted on X, stating that Bitcoin is the ultimate AI trade, as mass unemployment and a significant contraction in wealth will lead to massive currency issuance.In the accompanying article, Joe Burnett stated that traditional assets face dilution or competitive mechanisms as long-term stores of value: fiat currency supply expands with credit cycles, fiscal deficits, and central bank policies; stock profits attract competition, regulation, and technological disruption; rising real estate prices drive more construction; and higher gold prices stimulate more mining.He stated that Bitcoin's terminal supply is fixed, cannot be inflated in response to increased demand, belongs to no company, industry, or government, and is not someone else's liability. Human progress brings more output, efficiency, and wealth, and that wealth needs to flow into assets that cannot be diluted by issuance.Joe Burnett said that over the past ~17 years, Bitcoin has evolved from an open-source project into a globally recognized monetary network, outperforming most other asset classes over 4+ year cycles. Its volatility is tied to the growth process, but the supply rules remain unchanged. As the network expands and more capital enters, daily volatility may narrow.
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Strive Vice President Joe Burnett posted on X, saying that recent weeks may be among the worst in Bitcoin's history. Many people purchased approved hardware wallets, generated seed phrases offline, and followed established best practices, yet still lost significant amounts of Bitcoin due to a vulnerability affecting seed phrases generated by COLDCARDwallet since March 2021. The vulnerability went undetected for over five years. Joe Burnett stated this will permanently change people's confidence in self-custody. Self-custody will still exist, but it has been permanently changed. For those who want to directly control large amounts of Bitcoin, the standard should be multi-vendor multisignature, with keys independently generated using different hardware and different software, and stored in different physical locations. If they cannot accept this approach, they should use institutional-grade custodians. Joe Burnett noted that the current wave of Bitcoin adoption is occurring through ETFs, treasury companies, and institutional custodians, primarily driven by people who never intended to become experts in private key generation, hardware security, firmware, backups, inheritance planning, and physical storage. A single key generated by one hardware wallet protecting large amounts of Bitcoin carries excessively high concentration risk. Joe Burnett also said that institutional custody may ultimately lead to too much Bitcoin being concentrated in the hands of large companies, creating risks of censorship, seizure, and confiscation. However, Bitcoin's portability and settlement properties provide a critical counterbalance — users can create a wallet and request the custodian to send Bitcoin, shifting from counterparty risk to direct ownership within minutes. Joe Burnett believes that as long as Bitcoin itself remains secure, the failure of one custody method does not negate the underlying monetary system, but rather forces the market to develop better tools, stronger standards, and more resilient custody architectures. This week may ultimately mark the end of one era of Bitcoin custody and the beginning of the next wave of Bitcoin adoption.
Bitget has listed 7 stock tokens including rSCHD (US Dividend Stock ETF), rYUM (Yum! Brands), rASST (Strive), and rDHI (D.R. Horton), covering popular sectors such as finance and consumer goods.It is reported that rTokens, identified by the prefix "r" + stock ticker symbol (e.g., rNVDA for NVIDIA), are issued by Reality, a licensed RWA protocol under Bitget. By partnering with the compliant broker Alpaca, these tokens are directly connected to global liquidity pools such as Nasdaq and NYSE. Key features include: 1:1 reserve backing of underlying assets held by licensed custodians, stock dividends distributed 1:1 in token form, synchronized mapping of corporate actions (such as stock splits and reverse splits), and the ability to use the holdings as cross-collateral for unified accounts and USDT-margined perpetual contracts, allowing users to hold global stock assets while flexibly managing their funds.