Crypto moves fast, but somehow summer feels even faster.
It is incredibly hot here right now. I’m either melting my skin away or floating around in the pool trying to cool off. Needless to say, there has been plenty of pool time lately.
Like I’ve mentioned before, this is the period where I’m slowly starting my Dollar Cost Averaging (DCA) strategy again. My limit orders are already sitting below the market for Bitcoin and a handful of altcoins. Who knows, maybe Strategy will sell a little more Bitcoin straight into one of my lowball bids.
Crypto never sleeps, and neither do we. Every day we’re keeping an eye on the biggest stories, interesting trades, meme coins, and of course any potential airdrops worth your attention. Whether you’re looking for trading ideas or simply want to stay up to date with what is happening, we’ve got you covered.
Strategy Sells Bitcoin to Support STRC
One of the biggest headlines this week came from Strategy, formerly known as MicroStrategy.
The company sold 1,638 Bitcoin, worth roughly $104.7 million, making it the fourth Bitcoin sale of 2026.
Unlike previous years, the sale wasn’t because the company had turned bearish on Bitcoin.
Instead, Strategy used the proceeds to strengthen its balance sheet.
The money was used to:
- Increase its cash reserves to roughly $4 billion
- Buy back STRC preferred shares
- Prepare for future dividend and debt obligations
Interestingly, investors barely reacted.
Just like the previous $216 million Bitcoin sale, the market quickly absorbed the selling pressure. Bitcoin even traded slightly higher afterwards, while Strategy’s stock (MSTR) finished the day up around 1.7%.
Strategy Still Owns Over 842,000 BTC
Despite the sale, Strategy remains by far the world’s largest corporate Bitcoin holder.
The company still owns:
- 842,138 BTC
- Worth over $57 billion
- More than 4% of Bitcoin’s total supply
So while headlines saying “Strategy sells Bitcoin” sound dramatic, the reality is very different.
Michael Saylor has repeatedly explained that Strategy never promised to hold every single Bitcoin forever. The long-term plan remains unchanged: stay a net buyer over time while occasionally improving the company’s financial flexibility.
One notable statistic, however, is that Strategy has now gone six consecutive weeks without buying additional Bitcoin, its longest buying pause since 2024.
Airdrop Claims & Updates
Don’t forget to check your eligibility. Missing a snapshot or waiting too long to claim can sometimes mean missing free tokens entirely.
Current updates:
- INK Airdrop — Check your Ink Score for both Phase 1 and Phase 2 eligibility.
- AIW3 Airdrop — Eligibility checker is now live for the July 28 snapshot.
- SHIFT — Season 1 officially closed on July 31.
- Dango — The project is shutting down. Remove your funds as soon as possible.
- Miracle — Season 1 ended on July 27.
We also currently have an exclusive Bitunix trading competition. Depending on your trading volume, you can earn up to $1,000 in rewards. The promotion is available for both new users and existing users who previously signed up through our referral link. You can find all the details inside our Bitunix guide.
CASHCAT Suddenly Explodes Back to $70 Million
Robinhood memes continue to prove they are among the wildest sectors in crypto.
This week, a brand-new wallet spent approximately 424 ETH (around $791,000) to purchase 13.14 million CASHCAT.
Almost instantly, the market cap exploded from roughly $48 million to $70 million.
The trader was sitting on an unrealized profit of more than $100,000 within minutes.
That’s the kind of volatility meme coins are known for.
From $220M to $33M… Then Back Again
CASHCAT reached roughly $220 million during the initial Robinhood meme frenzy.
Just last week it bottomed around $33 million, representing an 85% correction despite Robinhood memes only being around for roughly two and a half weeks.
Talk about crazy swings.
I’ll admit it…
I played this one completely wrong.
I actually thought the bottom had formed around the $40 million area. Then Vlad unexpectedly mentioned CASHCAT during an earnings call, causing an instant 100% candle.
Like most explosive moves, it retraced afterwards.
I bought around a $46 million market cap, expecting another test of the wick near $66 million.
Instead, the token slowly bled lower for nearly a week.
Eventually I convinced myself the earnings call pump had simply been a one-off event and closed my position last Sunday for roughly a 20% loss.
Less than two days later this whale stepped in…
The token doubled.
That trade could have easily paid for a nice family holiday.
Looks like we’re staying home this summer.
Sometimes crypto reminds you that patience is just as valuable as conviction.
Trump’s $100,000 Subscription Is Finally Live
One of the stranger stories this week wasn’t about crypto at all.
It was about Donald Trump.
Trump’s media company has officially launched its $100,000 per month subscription, giving institutional subscribers API access to his Truth Social posts before they’re distributed publicly.
Anyone who follows Trump already knows his announcements usually appear on Truth Social first before spreading across X and traditional media.
The new service essentially allows professional trading firms to receive those posts milliseconds before everyone else.
That timing matters.
Humans won’t benefit.
No one can manually read a post, open an exchange, and place a trade within milliseconds.
But algorithmic trading firms absolutely can.
Interestingly, on the very day the subscription launched, Trump posted that negotiations with Iran were close to ending the conflict.
Coincidence?
Maybe.
But the timing certainly raised a few eyebrows.
FWA Token Crashes After Buyback Confusion
Quite a few people I know were farming the Fake World Assets (FWA) NFT gacha.
I even published a guide covering the project.
I also told everyone that I personally decided to skip this farm.
For now…
That decision worked out pretty well.
Investors Expected Buybacks
Many community members assumed protocol fees would eventually fund token buybacks.
Especially the large launch fees collected during the first two weeks.
Instead, the team confirmed that none of the previously collected fees would be used for retroactive buybacks.
The market reacted immediately.
FWA crashed from roughly $21 million to $8.5 million market cap within hours.
TokenWorks Responds
Following the backlash, TokenWorks announced several changes.
Future protocol fees will now partially support buybacks.
Key updates include:
- 50% of future protocol fees will initially go toward buybacks.
- Later, founder Adam confirmed this would increase to 80%.
- Buyback tokens will be distributed to buyers and depositors, while a portion will be permanently burned.
- Purchase fees will be reduced from 5% to 2.5%.
- Depositor rewards will increase from 85% to 90%.
Founder Adam also addressed the criticism directly.
His main argument was simple:
The documentation never promised retroactive buybacks.
Yes, TokenWorks generated revenue.
Yes, the company intends to continue making money while building the protocol.
But according to Adam, using historical fees for one large buyback would likely create only a temporary price spike before early holders immediately sold into it.
Instead, the team prefers investing those funds into long-term protocol development while redirecting future revenue back into the ecosystem.
Whether the community agrees remains to be seen.
Personally, I’m still happy I skipped the farming.
Now that external trading is opening, this could become an interesting token to watch.
Maybe even a trade.
But I’ll let the dust settle first.
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Final Thoughts
It has been another week where headlines looked scary at first glance, but the market barely flinched.
Strategy sold another chunk of Bitcoin, yet BTC held up surprisingly well.
Robinhood memes reminded everyone how violently sentiment can change in just a few minutes.
Meanwhile, projects like FWA once again proved that understanding tokenomics matters just as much as understanding charts.
As always, we’ll continue keeping an eye on the biggest crypto stories, the newest airdrops, and any opportunities worth paying attention to.
See you in the next update.
If you enjoyed this blog, you may want to check our other crypto news updates.
As always, don’t forget to claim your bonus on OKX below. See you next time! minutes.
Crypto class of '13, airdrop farmer since 2016. Avid trader and DeFi veteran. His market commentary has been featured by Bloomberg, The Wall Street Journal, The New York Times, Forbes, and CNN.
