CryptoSlate

Strategy raised $602.8M from MSTR sales, but Bitcoin received $369.7M.
The rest went to STRC buybacks, dividends and cash—evidence that new common-share capital is now funding both BTC accumulation and Strategy’s broader capital stack.

🔐 SECURITY: Ontology stopped mainnet block production after flagging a potential security issue, with its public node showing no new block for more than five hours.
No exploit or asset loss has been confirmed. Transactions remain frozen while validators review the issue.

Phemex flagged 82 USDT markets, including ETC, XTZ, SNX, YFI and NEXO, for enhanced review. Trading now requires a risk test.
No tokens have been delisted, and Phemex has not disclosed which liquidity or project issue applies to each market.

An Nvidia B200 dropped to 25% of normal power in half a second without losing work in progress.
That’s the Bitcoin-miner trick AI data centers want to copy: curtail when the grid is tight. But this was one GPU, and it processed fewer requests while throttled.

Corporate Bitcoin holdings aren’t always as liquid—or as permanent—as the headline number suggests.
CleanSpark, PowerCompute and USBC show how options, collars and secured loans can put future claims on treasury BTC without creating immediate sell pressure.

🗞 Top #CryptoGainers & Losers: Mon, Aug 31 (24H)
📈 Biggest Gainers
Seeker SKR +71.81%
Pons PONS +37.46%
Useless Coin USELESS +35.12%
📉 Biggest Losers

Helium HNT -29.87%
Prom PROM -18.13%
The Black Bull ANSEM -16.57%

🗞 Top #CryptoNews: Mon, Aug 31 (24H)
1️⃣ Bitcoin on course for best August since 2017 despite renewed US-Iran hostilities
2️⃣ US treasury relies on stablecoins to fund short-term debt, but they can’t fix its $28B long-bond problem

📊 DATA: CME leveraged funds were net short 41,252 BTC-equivalent. Coinbase’s comparable net long was just 151 BTC.
The 272x gap shows where the exposure sits—not whether CME shorts are directional bets or hedges against spot and ETF holdings.

Bitcoin is up more than 24% in August, its best August since 2017, despite a hawkish Fed and renewed US-Iran hostilities.
The catch: spot volume at three major exchanges is still 70% below October 2025. A break above $82,000 needs broader participation.

🏛️ POLICY: The SEC’s $75M proposal and the Senate’s “$50M or 10%” framework are not competing versions of one exemption.
They cover different assets, transactions and rights. Neither is live: SEC comments close Oct. 20; the bill remains unfinished.

🔐 SECURITY: Tectonic and Moonwell were exposed to over $84M after attackers inflated thin-token collateral to borrow liquid assets.
US regulators targeted this playbook after Mango Markets. Deep pools still rely on prices shallow markets can move.

USBC opened a resale path for 92.7% of its outstanding shares—and would receive none of the proceeds.
Meanwhile, 478 BTC backs an $18M loan and 34.1% of its treasury supports options. The filing does not say whether those collateral pools overlap.

Strategy’s $13,400 “Bitcoin floor” is a coverage calculation—not a solvency line.
STRC can face pressure well before then: Strategy just raised $2.0065B by issuing MSTR shares, while creditors and STRF would still rank ahead of STRC in a restructuring.

🛡️ In a modeled attack, removing 12% of XRPL nodes was enough to break quorum connectivity.
Adding two random peer links per participating node raised that threshold to 33%.
But the model used a 2022 network snapshot. Whether today’s mainnet is more resilient remains untested.

CME XRP open interest rose nearly 40% in a week.
Leveraged funds more than doubled their net short to 115.7 million XRP, while dealers and asset managers added longs.
If XRP keeps climbing, those shorts could be forced to unwind.

📊 Circle’s cirBTC is 106.2% backed. The problem is adoption.
Eleven weeks after launch, just 40 BTC are outstanding. WBTC and cbBTC each have roughly 100,000 BTC in circulation.
Strong reserves matter, but cirBTC still needs users and market depth.

📊 Stablecoin issuers are becoming significant buyers of short-term US debt, but the GENIUS Act limits direct Treasury holdings to maturities of 93 days or less.
That does little for the long end. Treasury has at least $28 billion of expanded buyback capacity, while stablecoin reserves cannot directly fund 10- to 30-year debt.

⚡ NYDIG is selling its institutional trading business to BitGo for roughly $42.5 million upfront as it focuses on more than 3 GW of power, mining and HPC infrastructure.
The strategies now diverge: BitGo is betting on financial services, while NYDIG is betting on scarce power. Which model produces stronger margins remains unproven.

⚠️ PowerCompute’s early reset of a 307 BTC collar added $3.765 million to its debt and raised the interest rate from 2% to 6.5%.
The next deadline is Sept. 24. If Bitcoin is at or above $93,500, the company could face another settlement of roughly $5.68 million.

⛏️ Luke Dashjr has left OCEAN following a full equity buyout, ending his roles as chairman, CTO and director.
The question now is whether miners follow. OCEAN controls roughly 2.5%–3% of Bitcoin’s hashrate, while Dashjr’s new CONVOY pool has yet to reveal an operating endpoint, miners or infrastructure.