Gate Daily Report (August 6): Strategy's preferred stock STRC rebounds strongly; Block raises its full-year 2026 performance forecast

Bitcoin (BTC) is seeing a short-term rebound, trading at around $64,580 as of August 6. Strategy preferred stock STRC rebounded strongly, breaking above $94, while Michael Saylor declared the goal of becoming the company with the largest market cap in the world. Block raised its 2026 outlook due to strong quarterly results and said artificial intelligence had affected nearly all of its code.

Macro Events & Crypto Hotspots

1. According to Blocktempo, Bitcoin giant Strategy (formerly MicroStrategy) has demonstrated enormous ambitions to dominate global markets. According to the company’s latest official X post and data, it is stabilizing the price of its perpetual preferred stock STRC by pausing Bitcoin purchases, selling some BTC to expand its $4 billion reserve, and launching a buyback program. Encouraged by this, STRC has recently rebounded nearly 30% from its low, approaching the $94 mark intraday.

On August 5, Strategy officially posted a presentation video on X featuring founder Michael Saylor himself, explicitly declaring the company’s ultimate ambition: “To become the company with the largest market cap in the world.” To achieve this goal, Strategy proposed a core “trinity” strategy: holding the most capital (BTC), issuing the strongest credit product (STRC), and building the best stock (MSTR).

2. According to CoinTelegraph, fintech company Block (XYZ) raised its full-year outlook after reporting strong second-quarter growth. The quarter benefited primarily from growth in Cash App and Square, with gross profit increasing 25% year over year to $3.17 billion, above Block’s previous forecast.

According to the earnings report released Wednesday, adjusted operating income for the second quarter also exceeded expectations at $855 million. Adjusted diluted earnings per share came to $1.02, above Wall Street’s consensus estimate of $0.87 per share. The results prompted Block to raise its full-year gross profit forecast from $12.33 billion to $12.51 billion and its adjusted operating income forecast from $3.34 billion to $3.47 billion.

News Updates

1. Turing Quantum Launches IPO Advisory, Plans to IPO on the A-Share Market

2. Glassnode: Bitcoin Bottom Conditions Are Forming but Remain Incomplete; Options Market Has Priced in a Lack of Direction

3. AI Fund Situational Awareness Makes a $400 Million Bet and Returns to Investing

4. SanDisk FY2026 Q4 Revenue Reached $8.96 Billion, Up 372% Year Over Year

5. Fed Governor Cook Warns of the Risk of Entrenched Inflation and Says He Will Support Rate Hikes if Necessary

6. Meta’s AI Model Hacked a Company During Testing

7. Mysten Labs Co-Founder and CTO Sam Blackshear to Depart and Join Anthropic

8. ZEUS Temporarily Goes Offline After a Cyberattack, Says User Funds Are Safe

9. CryptoQuant: Whales Continue Accumulating BTC, ETH, and XRP; Bear Market May Be Entering Its Final Stage

Market Trends

1. Latest Bitcoin news: $BTC is seeing a short-term rebound, currently trading at around $64,580; liquidations over the past 24 hours totaled $55.54 million, primarily from short positions;

2. Strong corporate profits in the United States drove the Dow Jones Industrial Average to another record high on August 5, marking five consecutive trading days of gains. However, SpaceX and AMD earnings failed to meet investors’ high expectations for AI growth, sending both stocks sharply lower. Along with Alphabet’s decline, this dragged the S&P 500 and Nasdaq Composite lower. The Dow Jones Industrial Average rose 263.18 points, or 0.5%, to close at 54,349.06; the S&P 500 fell 0.2% to close at 7,723.52; the Nasdaq Composite fell 0.8% to close at 26,363.44. The Nasdaq 100 fell 0.8%.

(Source: Gate)

3. In the Gate BTC/USDT liquidation map, based on the current price of 64,688.80 USDT, if the price falls to around $63,862, the cumulative liquidation amount of long positions will exceed $493 million; if the price rises to around $65,147, the cumulative liquidation amount of short positions will exceed $401 million. Short-side liquidations are lower than long-side liquidations. It is recommended to use leverage prudently to avoid triggering large-scale liquidations amid market volatility.

(Source: CoinGlass)

4. Over the past 24 hours, BTC spot inflows totaled $1.65 billion, outflows totaled $1.49 billion, and net outflows totaled $160 million.

(Source: CoinGlass)

5. Over the past 24 hours, $BTC, $ETH, $SOL, $XAG, $HEI , and other futures contracts led in net outflows, offering trading opportunities.

Selected Views from X KOLs

Phyrex Ni（@Phyrex_Ni）: “It is still another day of continued back-and-forth between the United States and Iran. This time, the United States has become much smarter by not negotiating directly with Iran, but instead going through Oman. This indirect approach appears to be effective so far. Although Iran understands this perfectly well, both sides are giving each other room to save face. They are verbally hurling abuse at each other, but in reality they are still sitting at the table parsing every word. WTI has now fallen below $75, and my personal first-stage target has been reached.”

“The returns from shorting oil this time have been somewhat higher than in previous attempts, mainly because funding rates have indeed fallen significantly. I have held this position for nearly a month, and the funding rate has been only around 30% of what it used to be, saving a great deal on funding costs. If rates had been as high as before, I might have felt very conflicted about holding it. Lower funding rates make it possible to hold for longer. Of course, this also meant missing some swing-trading opportunities.”

“Yesterday I was telling some friends that when trading oil, there is no need to pay too much attention to swings. After all, shorting oil is mainly about the information flow. At any moment, a single statement from Trump or a missile launched by Iran could change the current market’s expectations. It is enough to get the broad direction roughly right; too much swing trading could get you shaken out. I basically do not trade swings myself. I have only one principle: short on rallies.”

“Besides oil, there are also Hynix and Bitcoin. Hynix has not opened a trade for two consecutive days, and tomorrow may be a good opportunity. As for BTC, the dual-currency strategy is still working fairly well. The position bought at $63,000 has remained profitable, and the current limit order is at $66,000, which it probably will not reach. Earning interest is quite nice.”

Today’s Preview

1. Eurozone June retail sales (month over month), previous reading: 0.2%

2. U.S. adjusted initial jobless claims last week (thousand people) (through 0801), previous reading: 197