This week’s crypto conversation touched treasury strategy, regulation, market psychology, product innovation, and security. Michael Saylor said Strategy may sell bitcoin when needed, Mike Selig vowed to end regulation by enforcement, and XRP sentiment sank to an eight-month low. Blackrock edged closer to a bitcoin income ETF, while Tim Draper argued that quantum risk may hit banks before bitcoin, not the other way around.
Michael Saylor's Pivot, Blackrock's New ETP, and More – Week In Review
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Key Takeaways
- Michael Saylor said Strategy can sell BTC; 32 coins helped push bitcoin near $60,000.
- CFTC’s Mike Selig pledged clearer crypto rules after years of enforcement-led regulation.
- BlackRock’s 0.65% BITA filing points to bitcoin income ETFs as XRP sentiment hits 8-month lows.
WEEK IN REVIEW
‘I Never Said the Company Could Not Sell Bitcoin’: Saylor Walks Back ‘Never Sell’ at BTC Prague
Strategy founder Michael Saylor told the BTC Prague conference he “never said the company could not sell bitcoin,” clarifying the firm may sell … read more
Editor’s comment:
This is clearly a pivotal moment in the Strategy story and maybe even in the Bitcoin story. Many have pointed out that Saylor did, in fact, imply the company wouldn’t sell its bitcoin. The 32 coins may have been minuscule, but were symbolically big enough to change sentiment and likely contribute to BTC’s revisiting of the $60,000 level.
CFTC’s Mike Selig Vows to End Regulation by Enforcement as He Steers US Crypto Solo
Commodity Futures Trading Commission (CFTC) Chair Mike Selig said crypto markets have “for too long” operated under uncertainty, vowing clear… read more
Editor’s comment:
As part of his Project Crypto agenda, Selig argued that the old “decelerationist” approach treated innovation as a threat, and “resulted in regulation by enforcement and forced American innovators to flee the U.S. and build beyond our borders.”
XRP Sentiment Sinks to Lowest Since October 2025 as Santiment Flags Trader Fatigue
XRP’s weighted sentiment has fallen to its lowest level since October 2025, crypto analytics firm Santiment said, as the token’s slide toward $1.10 drained … read more
Editor’s comment:
It seems like only yesterday that XRP was surging to $3.55 and the coin was one of the best-performing altcoins on the entire market. How fast things change in digital assets. In fairness to XRP, it has major staying power and one of the biggest communities. It’s also much much above its bear market consolidation range from 2024.
Blackrock Targets Bitcoin Yield With 0.65% Fee Covered-Call ETF
Blackrock has filed another amendment for its Ishares Bitcoin Premium Income ETF, revealing a 0.65% sponsor fee.… read more
Editor’s comment:
The “tradification” of Bitcoin continues. According to earlier filings, the ETF is expected to trade on Nasdaq under the ticker BITA and will essentially be generating income via covered calls, or selling out-of-the-money call options on BTC. Gains on covered call strategies are great during bear markets and consolidation phases, but are limited or negative during sharp rallies.
Tim Draper Says Quantum Will Crack Banks Before Bitcoin
Tim Draper argued bitcoin faces less quantum risk than banks, comparing its security to Fort Knox.… read more
Editor’s comment:
This is a somewhat controversial claim, given that TradFi can update its systems very quickly at someone’s direction, rather than Bitcoin’s situation, which requires the coordination of many different developers and holders with increasingly conflicting views. And in the event of an attack, TradFi banks often have the ability to simply freeze or reverse illicit transactions.
