DaoScraps

$NEAR is pulling back around $3.53.
I’m watching $3.40–$3.45 as the key support area. Holding there and reclaiming $3.65 could put the recent highs back into focus.
Below $3.40, the setup becomes weaker.
Bullish 🟢
#NEAR #NEARProtocol

$SUI setup card:
Trigger: Reclaim $0.765
Entry zone: $0.765–$0.775
TP1: $0.790
TP2: $0.820
TP3: $0.850
SL: $0.735
Current price is $0.7567, so the trigger hasn’t fired. Waiting is part of the trade.

Strategy sold 1,638 BTC last week.
This is the first time in the past few months that the largest Bitcoin reserve company has dumped BTC on the open market, and there has been a lot of discussion in the market—but the directions of the discussions seem to have gone off track.
What you really should look at isn’t how many coins were sold, but how the story this company has been telling over the past two years is quietly being rewritten.
The past Strategy playbook is well known:
Issue preferred shares like STRC, anchored to a $100 base and paying 12% annualized yield. Once the funds are raised, use them to buy BTC, stacking BTC holdings all the way to 842,138 BTC.
This strategy worked smoothly before 2024, because the preferred shares had buyers, BTC was rising, the company’s market cap exceeded the value of its own BTC holdings, and a positive feedback loop formed.
The turning point in the script came in May 2026.
STRC fell below its $100 face value, and as of August it still hadn’t returned to the official reference price.
This means one thing:
The loop of issuing preferred shares to buy coins was interrupted by the preferred shares’ own price.
So Strategy changed its moves.
This week’s announcement spells it out clearly:
Increase USD reserves by $250 M
Repurchase $STRC for $81 M
Extend USD duration by 57 days to 2.3 years
STRC’s BTC credit spread tightened by 5 bps
As of 8/2, holdings were ₿842,138, and USD reserves $4B
. Reading these numbers, what it shows is that BTC is no longer treated solely as a belief asset.
It’s started to be used as a liquidity tool:
Sell BTC for USD, repurchase STRC, stabilize the share price, and continue distributing dividends.
This is the opposite direction of the “buy, buy, buy” script from two years ago.
For long-term holders, what matters isn’t how many BTC were sold this time, but the next two watch points:
When STRC can get back to a $100 face value, and when BTC holdings will drop below 800k BTC.
Whichever of these two numbers gets broken first, the script will be revised again.
Crypto companies never follow conventional logic—Strategy’s pivot this time is just another confirmation of that.

Wu Shuo learned that, according to Zack Guzmán, founder of Coinage, the crypto media outlet Decrypt recently laid off several reporters. Over the past year, the crypto media industry has faced a wave of severe layoffs: earlier, Blockworks announced it would shut down its news division, and DL News has also stopped operating.

Starknet co-founder Eli Ben-Sasson posted on X, questioning the rationality of Bitcoin's 21 million supply cap. He believes that as time goes on, private keys will be continuously lost, and in the long run, all private keys will eventually be lost. Ben-Sasson explicitly stated his support for a monetary policy with an "absolute cap," but suggested adjusting the strategy—for example, by setting a fixed maximum issuance rate (such as 4% per year) to ensure that circulation matches human growth, thereby guaranteeing sufficient liquidity.