Strategy founder Michael Saylor clarified at the BTC Prague conference that he never said the company could not sell bitcoin, following Strategy's sale of 32 BTC that helped push bitcoin near $60,000. CFTC Chair Mike Selig pledged to end years of enforcement-led regulation by providing clearer crypto rules, while BlackRock filed an amendment for its Ishares Bitcoin Premium Income ETF with a 0.65% sponsor fee. XRP weighted sentiment fell to its lowest level since October 2025 as the token approached $1.10, according to crypto analytics firm Santiment, and venture capitalist Tim Draper argued quantum computing threatens banks before Bitcoin. The developments reflect ongoing regulatory shifts and evolving market sentiment across major crypto assets during the recent week.
Michael Saylor Clarifies Strategy Bitcoin Sale Policy at BTC Prague
Michael Saylor told the BTC Prague conference he "never said the company could not sell bitcoin," clarifying that Strategy may sell its holdings. The firm sold 32 BTC, a transaction that contributed to bitcoin's move toward $60,000. Observers noted that while the 32-coin sale was small in absolute terms, it carried symbolic weight and likely influenced market sentiment. The statement marked a shift from previous messaging that many interpreted as a commitment to indefinite holding.
CFTC Chair Mike Selig Pledges Clearer Crypto Rules
Commodity Futures Trading Commission Chair Mike Selig said crypto markets have "for too long" operated under uncertainty and vowed to provide clear rules. Selig argued that the previous "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." The pledge is part of his Project Crypto agenda aimed at replacing enforcement-led oversight with proactive rulemaking.
XRP Sentiment Falls to Lowest Level Since October 2025
XRP's weighted sentiment dropped to its lowest level since October 2025 as the token slid toward $1.10, crypto analytics firm Santiment reported. The decline reflects trader fatigue following XRP's earlier surge to $3.55, when it was among the best-performing altcoins. Despite the sentiment drop, XRP remains significantly above its bear market consolidation range from 2024 and retains a large community base.
BlackRock Files 0.65% Fee Amendment for Bitcoin Premium Income ETF
BlackRock filed an amendment for its Ishares Bitcoin Premium Income ETF, revealing a 0.65% sponsor fee. The ETF is expected to trade on Nasdaq under the ticker BITA and will generate income by selling out-of-the-money call options on BTC through a covered-call strategy. Gains from covered-call strategies perform well during bear markets and consolidation phases but are limited or negative during sharp rallies.
Tim Draper Claims Quantum Computing Threatens Banks Before Bitcoin
Venture capitalist Tim Draper argued that bitcoin faces less quantum computing risk than banks, comparing bitcoin's security to Fort Knox. Draper's claim is contested by some who note that traditional finance can update systems quickly under centralized direction, while Bitcoin requires coordination among many developers and holders with increasingly conflicting views. In the event of an attack, traditional banks can freeze or reverse illicit transactions.
FAQ
What did Michael Saylor say about Strategy selling bitcoin?
Michael Saylor stated at the BTC Prague conference that he never said the company could not sell bitcoin, clarifying that Strategy may sell its holdings. The firm sold 32 BTC, which contributed to bitcoin's move toward $60,000.
What fee did BlackRock reveal for its bitcoin income ETF?
BlackRock filed an amendment for its Ishares Bitcoin Premium Income ETF revealing a 0.65% sponsor fee. The ETF is expected to trade on Nasdaq under the ticker BITA and will use a covered-call strategy to generate income.
