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Strive plans to buy 500 Bitcoin this week using preferred stock sales to fund the purchase.

Market News
11 Sep 2026
Crypto Briefing
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Bullish
Strive plans to buy 500 Bitcoin this week using preferred stock sales to fund the purchase.

Strive Inc., led by Vivek Ramaswamy, aims to acquire 500 Bitcoin this week funded by sales of its Variable Rate Series A Perpetual Preferred Stock (SATA). The company has aggressively built a Bitcoin treasury of over 24,000 BTC in about a year, primarily through weekly purchases funded by nearly $1 billion in preferred stock issuance paying a 13% annual dividend. This strategy allows Strive to accumulate Bitcoin without the maturity risks of convertible debt, but it also means the company carries significant dividend obligations even if Bitcoin prices fall. Strive's approach highlights a growing trend of corporate Bitcoin accumulation using innovative financing methods.

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AI-119 Vulcan launches hardware solution to meet California's May 2027 AI safety mandate for frontier AI developers.

AI-119 Vulcan launches hardware solution to meet California's May 2027 AI safety mandate for frontier AI developers.

AI-119 Vulcan Project Research and Engineering Company has introduced a hardware-based security system to comply with California's Executive Order N-9-26, which mandates strict safety controls on frontier AI developers like OpenAI and Google by May 2...

Market News
Neutral
1 hour ago
Avalanche's AVAX fee burns remain below staking issuance, delaying net deflationary effect until at least 2026.

Avalanche's AVAX fee burns remain below staking issuance, delaying net deflationary effect until at least 2026.

Avalanche's AVAX token transaction fee burns totaled 17,330 AVAX projected for March 2026, which is still below the amount issued through staking rewards. The average daily fee burns are about 559 AVAX, indicating that the net deflationary effect—whe...

Protocol Fundamentals
Neutral
4 hours ago
XRP Ledger hit 222.4M transactions in Q2 2026, stablecoin holdings at $1.11B but date unknown for comparison.

XRP Ledger hit 222.4M transactions in Q2 2026, stablecoin holdings at $1.11B but date unknown for comparison.

The XRP Ledger recorded 222.4 million transactions in the second quarter of 2026, indicating high activity on the platform. Meanwhile, stablecoin holdings on the ledger stand at $1.11 billion, but the lack of a specific observation date for this figu...

Protocol Fundamentals
Neutral
4 hours ago
3 million sUSDS moved to new wallet; 1,389.6 ETH sent to Tornado Cash in 36 transactions.

3 million sUSDS moved to new wallet; 1,389.6 ETH sent to Tornado Cash in 36 transactions.

A wallet transferred 3 million sUSDS to a new wallet, followed by 1,389.6 Ether (ETH) being deposited into Tornado Cash through 36 separate transactions. The funds were exchanged before the ETH deposits, but it remains unclear which wallet managed th...

Market News
Neutral
4 hours ago
Critical flaw in Succinct's SP1 Rust verifier patched to prevent invalid proofs on mainnet

Critical flaw in Succinct's SP1 Rust verifier patched to prevent invalid proofs on mainnet

A high-severity bug in Succinct's SP1 zero-knowledge virtual machine affected native Rust verifier versions 6.0.0 to 6.8.0, allowing malicious provers to submit invalid proofs that the network could wrongly accept. The issue was due to a missing chec...

Protocol Fundamentals
Bearish
4 hours ago
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