The Bitcoin treasury firm Strategy (MSTR) is buying BTC again.

Strategy accumulated 4,603 Bitcoin at an average purchase price of $80,318 per BTC, spending a total of $370 million.

It’s the firm’s first BTC purchase since June 22nd, following two weeks where the firm didn’t add or sell any Bitcoin.

Strategy has also hawked a total of $432 million worth of Bitcoin across five separate sales stretching back to May. The sales materialized under the firm’s newly introduced BTC monetization program, designed to bolster Strategy’s cash reserve and support dividend payments.

Strategy chairman Michael Saylor noted Monday that the firm increased its US dollar reserve by $29 million in the past week. It also repurchased $152 million worth of STRC, the firm’s perpetual preferred stock that pays 12.00% annual dividends. STRC is designed to have a par value of around $100 but is currently trading at $96.66.

Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.

The recent sales have marked a dramatic shift in tone for the firm after Saylor spent years encouraging investors to “never sell” their BTC.

Now, however, Saylor maintains that vocal never-sell approach was just in reference to his personal wallet.

“When I say ‘Never Sell Your Bitcoin,’ I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet. Since 2020, it has disclosed it may buy or sell $BTC to manage capital. Our shared conviction in Bitcoin remains unchanged.”

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US Treasury Secretary Scott Bessent announced a new “financial offensive” against Iran on Monday, specifically targeting the Middle Eastern country’s use of crypto assets.

“Operation Economic Outcast” aims to kneecap the Iranian government’s financial capabilities as the Trump Administration’s controversial war nears the end of its sixth month.

Bessent says the sanctions aim to “sever every economic lifeline” to Tehran.

“Any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system. The clock just started ticking.

The new sectoral sanctions determinations issued today target five of Iran’s most vital lifelines that it exploits in other countries: digital assets, technology, gold, aviation, and shipping.

These measures broaden secondary sanctions risk for anyone foolish enough to continue conducting business with this regime and will accelerate the speed with with [which] we pursue them.

As I speak, Treasury’s Office of Foreign Assets Control is also sanctioning over 60 entities, individuals, and vessels around the world that enable the Iranian regime to procure illicit nuclear and missile technology, conduct cyber operations, and generate oil revenue.”

In June, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Nobitex, Iran’s largest crypto exchange, and three other Iranian trading platforms.

The Treasury Department said Nobitex processed more than 50% of all Iranian digital asset inflows in 2025 and facilitated payments linked to the country’s terrorist activities and sanctions evasion efforts, as well as transactions associated with the Islamic Revolutionary Guard Corps (IRGC).

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The U.S. Department of the Treasury is asking for public comment on the upcoming implementation of new stablecoin rules.

The GENIUS Act, signed by US President Donald Trump last year, establishes a regulatory framework for stablecoins, crypto assets pegged to the US dollar. The legislation requires each token to be fully backed by liquid assets such as cash or short-term US Treasuries.

The Treasury Department is specifically requesting public opinion on section 3 of the Act, which delineates who can issue and sell stablecoins in the United States.

The GENIUS Act is expected to go into effect on January 18th, prohibiting people from issuing stablecoins in the US unless they’re licensed.

Additional restrictions materialize later: On July 18th, 2028, the legislation is set to restrict digital asset service providers from offering or selling any payment stablecoins to people in the US unless the assets are issued by a licensed issuer.

Treasury Secretary Scott Bessent says the department welcomes opinions from stablecoin stakeholders.

“President Trump and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework. Treasury welcomes input from stakeholders as we work to provide the regulatory certainty businesses need to innovate and grow in America, cement the role of the U.S. dollar as the world’s reserve currency, and keep America the crypto capital of the world.”

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The US Senate won’t make any further progress on crypto market-structure legislation until it returns from its recess in mid-September.

On Friday, Senate Majority Leader John Thune (R-South Dakota) filed for cloture on the Clarity Act, a procedural step that paves the way for potential progress on the bill next month. The Senate broke for the August recess the following day.

The landmark crypto bill would largely place the digital assets under the regulatory purview of the Commodity Futures Trading Commission (CFTC), an agency industry stakeholders believe is friendlier to the sector than the Securities and Exchange Commission (SEC).

The potential legislation has faced opposition from traditional financial giants and banking associations, who have argued the bill could put financial stability at risk and cause bank deposits to lose ground to stablecoins.

Coinbase chief executive Brian Armstrong says the lack of progress on Clarity this month was “disappointing.”

“Congress still has an important job to do. A clear federal market structure law will unlock more investment, more innovation, and more jobs in the United States while giving consumers the protections they deserve. Voters are watching closely to see who helps finish this, and who is a blocker. We’re closer than we’ve ever been. Let’s finish the job in September.”

As the banking sector’s opposition to the bill solidified, Polymarket bettors’ confidence in the Clarity Act’s chances of passing this year dwindled, with its odds falling from a high of 82% in February to 25% at time of writing.

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The Bitcoin treasury firm Strategy (MSTR) sold 1,690 BTC worth $109 million in the past week, its second consecutive week of sales.

Strategy sold 1,638 BTC worth $105 million the week before, and that sale was preceded by a three-week stretch when the firm didn’t buy or sell any Bitcoin.

The recent sales materialized under the Strategy’s newly introduced BTC monetization program, designed to bolster the firm’s cash reserve and support dividend payments.

Strategy chairman Michael Saylor noted Monday that the firm increased its US dollar reserve by $650 million in the past week. It also repurchased $109 million worth of STRC, the firm’s perpetual preferred stock that pays 12.00% annual dividends. STRC is designed to have a par value of around $100 but is currently trading at $94.48.

Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.

The recent sales have marked a dramatic shift in tone for the firm after Saylor spent years encouraging investors to “never sell” their BTC.

Now, however, Saylor maintains that vocal never-sell approach was just in reference to his personal wallet.

“When I say ‘Never Sell Your Bitcoin,’ I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet. Since 2020, it has disclosed it may buy or sell $BTC to manage capital. Our shared conviction in Bitcoin remains unchanged.”

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An FBI counterintelligence agent was arrested on Friday after allegedly looting “adversarial cryptocurrency accounts” and accumulating around $1 million worth of digital assets.

An affidavit filed by a different FBI agent on Saturday alleges that Patrick Yaroch, a supervisory special agent who works at the Bureau’s headquarters in Washington DC, self-reported last week in a fit of shame, saying what he did was “eating him up inside” and that he wanted to “get it off his chest.”

Yaroch worked at the FBI Boston Division from 2017-2025 on a national security investigative squad focused on an unnamed adversarial nation-state. Starting in February 2025, he worked in the Counterintelligence and Espionage Division in DC, and as “a detailee within the US intelligence community,” per the affidavit.

While in Boston, Yaroch allegedly investigated an individual associated with the adversarial nation state.

Amid his self-reporting session last week, Yaroch allegedly said he became frustrated when he could not do more to disrupt this individual’s use of crypto, so he went into FBI systems and found the passkeys needed to transfer money from multiple adversarial wallets to himself.

He said he created a personal crypto wallet with Kraken and conducted 10-12 transfers, amassing a value of approximately $1 million, though he claims the stolen assets were intermingled with his personal funds, so the affidavit doesn’t clarify how much specifically was taken from the adversarial wallets.

Yaroch then allegedly transferred approximately $1.02 million from Kraken to Slush, a cross-platform wallet app for Sui (SUI). He then used Slush to place the crypto on a decentralized finance (DeFi) platform called Suilend, stating that “he chose this service simply because he liked that the logo was a water droplet.”

The affidavit indicates FBI agents transferred funds from the Kraken and Slush accounts, now worth a total of $925,426.07, to US government-controlled wallets. Approximately $165,582.49 remained in Yaroch’s Kraken account that couldn’t be transferred to a government-controlled wallet because it was in USD.

The agents also seized property from Yaroch’s home, including his phone, which allegedly revealed multiple ChatGPT searches related to moving to Europe and operating a vineyard.

Per the affidavit,

“At 8:35 AM on June 4, 2026, Yaroch asked ChatGPT, ‘If you had a bucket of money (around $1 million) and you wanted to leave the USA and become a resident or citizen of an EU country, what would you do?’ ChatGPT responded, ‘Given everything you’ve told me – [name of Yaroch’s child], your wife, the desire for a 2-5 hectare estate, interest in age-worthy red wine, and the goal of actually living there rather than just owning a property- I would not start by chasing citizenship…What I would do with $1 million Option 1: Portugal (my top choice for your specific situation).”

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The Bitcoin treasury firm Strategy (MSTR) sold 1,638 BTC worth $105 million in the past week, continuing a trend started earlier this summer.

The sale was preceded by a three-week period during which the firm didn’t buy or sell any Bitcoin, and a two-week period before that when it sold a total of 3,588 BTC for $216 million.

The sales materialized under the Strategy’s newly introduced BTC monetization program, designed to bolster the firm’s cash reserve and support dividend payments.

Strategy chairman Michael Saylor notes the firm did increase its US dollar reserve by $250 million. It also repurchased $81 million worth of STRC, the firm’s perpetual preferred stock that pays 12.00% annual dividends. STRC is designed to have a par value of around $100 but is currently trading at $92.32.

Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.

The recent sales have marked a dramatic shift in tone for the firm after Saylor spent years encouraging investors to “never sell” their BTC.

Now, however, Saylor maintains that vocal never-sell approach was just in reference to his personal wallet.

“When I say ‘Never Sell Your Bitcoin,’ I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet. Since 2020, it has disclosed it may buy or sell $BTC to manage capital. Our shared conviction in Bitcoin remains unchanged.”

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Violent kidnappings are emerging as a structural threat to participants in the crypto sector, with more than 50 wrench attacks materializing in the first half of 2026.

Named after a popular xkcd webcomic, wrench attacks involve a criminal using violence, intimidation or confinement to compel a crypto holder to reveal their private keys or passwords.

The blockchain security firm CertiK notes the 52 recorded attacks in the first six months of the year represent a 33.3% increase compared to the first half of 2025.

Financial exposure associated with those attacks skyrocketed from around $10.5 million in 2025 H1 to $124.18 million this year. Those numbers reflect ransom demands, funds transferred by victims and assets frozen by authorities, according to CertiK.

France remains the hotbed for wrench attacks, clocking 33 of the 52 incidents so far this year. CertiK attributes the spate of attacks in the European country to a variety of factors.

“France hosts a large and visible cryptocurrency ecosystem, including exchanges, founders, investors, service providers and frequent industry events. At the same time, the country has experienced a series of major data exposure incidents affecting both private and publicsector organizations. Recent examples include the compromise of France Travail and the security incident disclosed by the Agence Nationale des Titres Sécurisés (ANTS). Such incidents increase the availability of personal information that may be combined with open-source intelligence and publicly available blockchain data to identify potential targets.”

The kidnappings are often put together by organizers abroad, who coordinate with recruiters in France, according to a February report from the Organized Crime Information, Intelligence and Strategic Analysis Service of the Judicial Police (SIRASCO)

The recruiters link the organizers with young people with criminal records, who carry out online intimidation and physical attacks.

The victims of these kidnappings are usually men between the ages of 20 and 35 who are involved with digital assets as investors, entrepreneurs or influencers.

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The Bitcoin treasury firm Strategy (MSTR) has extended its pause on BTC purchases to five weeks.

The company announced on Monday that it had increased its US dollar reserves by $525 million over the past week, though it refrained from buying any new Bitcoin.

It’s Strategy’s third consecutive week without buying or selling any BTC. Those three weeks were preceded by a two-week period where the firm sold a total of 3,588 BTC for $216 million.

The sales, which sparked headlines across the crypto sector, materialized under the Strategy’s newly introduced BTC monetization program, designed to bolster the firm’s cash reserve and support dividend payments.

The company still holds 843,775 Bitcoin worth $54.75 billion at time of writing, as well as $3.75 billion in cash reserves.

Strategy chairman Michael Saylor noted they also repurchased 288,930 shares of STRC for $25 million at an average price of $86.52 per share. STRC, the firm’s perpetual preferred stock that pays 12.00% annual dividends, is designed to have a par value of around $100.

STRC is trading at $88.32 at time of writing and is up 1.65% on Monday.

Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.

The firm’s Class A common stock, MSTR, is down more than 35% year-to-date but up more than 7.6% on Monday.

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A hacker manipulated the swap mechanics of a liquidity pool on the cross-chain stablecoin bridge Allbridge Core, looting $1.66 million worth of digital assets over the weekend.

In a post-mortem of the incident, Allbridge notes the hacker used a flash loan and exploited the swap logic of its Solana (SOL) liquidity pools.

The attacker borrowed approximately $1.12 million worth of the dollar-pegged stablecoin USDC from a lending protocol, then swapped that USDC into rival stablecoin USDT.

The hacker then conducted a series of five “same-asset swaps,” exchanging 100,000 USDT for progressively less of the same stablecoin.

Allbridge notes the swap path treated an input and output of the same token like any other pair.

“Because both sides of a same-asset swap reference the same pool, the accounting of the two halves diverged, and each iteration pushed the pool’s internal pricing further out of line with reality.”

After heavily skewing the price of Tether’s stablecoin in the liquidity pool, the hacker managed to swap only 4,000 USDT for 2.24 million USDC. The attacker then repaid the flash loan and kept the surplus 1,118,239 USDC and 538,692 USDT, totalling roughly $1.66 million worth of stolen crypto.

Allbridge notes the liquidity pool’s imbalance safeguard was “configured permissively,” enabling mispricing to balloon to profitable levels before it triggered.

The stablecoin bridge has since resumed routes that do not rely on liquidity pools but announced it plans to stop conducting pool-based swaps. The project also says it has traced $1.63 million of the stolen funds, which were bridged from Solana to a single Ethereum (ETH) consolidation address and then moved in several different directions.

Allbridge also notes that no user wallets, private keys or non-pool bridge routes were impacted by the exploit.

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The Bitcoin treasury firm Strategy (MSTR) has now gone four consecutive weeks without buying any BTC.

The company announced on Monday that it had increased its US dollar reserves by $225 million over the past week, though it refrained from buying any new Bitcoin.

It’s Strategy’s second consecutive week without buying or selling any BTC after last week’s announcement that it had added $450 million to its cash reserves.

Those announcements followed a two-week period where the firm sold a total of 3,588 BTC for $216 million. The sales, which sparked headlines across the crypto sector, materialized under the Strategy’s newly introduced BTC monetization program, designed to bolster the firm’s cash reserve and support dividend payments.

The company still holds 843,775 Bitcoin worth $54.9 billion at time of writing, as well as $3.2 billion in cash reserves.

Chaitanya Jain, Strategy’s head of Bitcoin product and investor strategy, says the firm’s dividend coverage now stands at 1.8 years through their USD Reserve and 31 years through their BTC Reserve.

Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.

The firm’s stock, MSTR, is down nearly 38% year-to-date but up more than 3% in the past five days.

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US President Donald Trump wants lawmakers to pass crypto market structure legislation in honor of the late Senator Lindsey Graham, who died unexpectedly on Saturday.

Trump took to Truth Social on Monday morning to whip votes for the Clarity Act.

“In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act. China, and many other countries, would like to take complete and total control of this major financial ‘happening,’ as well as A.I., where we are now leading, but where they are fighting hard. Don’t let China win on either subject!!!”

The landmark crypto bill would largely place the digital assets under the regulatory purview of the Commodity Futures Trading Commission (CFTC), an agency industry stakeholders believe is friendlier to the sector than the Securities and Exchange Commission (SEC).

The potential legislation has faced opposition from traditional financial giants and banking associations, who have argued the bill could put financial stability at risk and cause bank deposits to lose ground to stablecoins.

In June, JPMorgan Chase chief executive Jamie Dimon said the potential legislation lacked adequate guardrails to protect investors and failed to address the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) law that aims to combat illicit financial transactions.

“It allows them to effectively pay interest on deposits—stablecoins or something like that—without the protection that they should have and it doesn’t do anything for AML/BSA. It has almost no legal protection.”

As the banking sector’s opposition to the bill solidified, Polymarket bettors’ confidence in the Clarity Act’s chances of passing this year dwindled, with its odds falling from a high of 82% in February to 40% at time of writing.

Some regulators have voiced the opposite opinion, with CFTC Chairman Michael Selig recently calling on senators to pass the legislation, emphasizing the need for a federal framework and statutory guardrails for crypto assets.

“It’s absolutely critical that we have federal standards for crypto assets. And right now we’ve dealt with a patchwork of state laws and regulations, and it’s really been bad for business here in the United States. We want to get this done so that we have certainty and clarity, and consumer protection should be a bipartisan issue. We’ve got to get it across the line.” 

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The Bitcoin treasury firm Strategy (MSTR) has now gone three consecutive weeks without buying any BTC.

On Monday, Strategy Chairman Michael Saylor announced the company increased its US dollar reserve by $450 million over the past week but opted not to buy any new Bitcoin.

Over the two weeks prior, the firm sold a total of 3,588 BTC for $216 million. The sales, which sparked headlines across the crypto sector, materialized under the Strategy’s newly introduced BTC monetization program, designed to bolster the firm’s cash reserve and support dividend payments.

The firm still holds 843,775 Bitcoin worth $52.47 billion at time of writing, as well as $3 billion in cash reserves.

In May, Strategy sold 32 BTC worth $2.47 million, the company’s first Bitcoin sale since 2022, when the firm’s subsidiary, MacroStrategy, hawked 704 BTC for approximately $11.8 million.

The May sale marked a dramatic shift in tone for Strategy after Saylor spent years encouraging investors to “never sell” their BTC.

He did tip that a sale could happen, however, suggesting in a first-quarter earnings call that the firm would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”

Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.

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The nature of this year’s stock gains suggests they will continue, according to a J.P. Morgan Private Bank executive.

In a new interview on CNBC, Stephen Parker, the bank’s co-head of global investment strategy, says his base case for the S&P 500’s end-of-year target is 7,800, but his bull case is 8,900.

“The rally that we’ve seen this year has been entirely earnings-driven. Even the most bullish expectations have been consistently exceeded, and we think that earnings momentum is going to continue until the end of the year. So if you look at our base case target, that’s actually implying lower multiples from here. If you even get multiples that stick where they are with that earnings growth, that 8,900 number is achievable.” 

The S&P 500 is trading at 7,472.12 at time of writing.

Parker says there are expectations that 8 of the 11 sectors in the S&P 500 will deliver double-digit earnings growth.

The bank executive notes that any sign of a fundamental slowdown in 2026’s capital expenditure story would undermine confidence in their expectations.

“But we don’t see that happening. The bigger risk would be if all of a sudden it wasn’t the fundamentals but rather optimism, exuberance, animal spirits creeping in. That would make us nervous. If multiples became a bigger part of the growth story than earnings, then we would probably get a little bit more concerned.”

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The Texas Parks and Wildlife Department (TPWD) suffered a massive data breach after a hacker cracked the vendor system that sells hunting and fishing licenses.

In a new notification, TPWD acknowledges the hacker “may have” obtained driver’s license information, passport numbers, email addresses, phone numbers and residential addresses from more than 3 million customers.

The department did note, however, that Social Security numbers, birth dates and financial information remained secure.

TPWD says it is working closely with the license system vendor to add new security features and enhanced monitoring services following the breach.

“We recognize the seriousness of this issue and have identified and implemented additional security options to better protect customer information. Many of our staff are hunters and anglers and were affected by this incident. We are committed to continuing to work with the license system vendor to implement increased safeguards to prevent future incidents.”

The department also says there is no evidence any information from minors was accessed in the breach or that any specific group was targeted by the hacker.

TPWD notes that impacted customers can receive one year of free credit monitoring through the risk advisory firm Kroll. The deadline to enroll with Kroll is September 14.

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The peer-to-peer payments firm MoneyGram is joining the Solana (SOL) Network as an active validator.

MoneyGram will also join the Solana Developer Platform (SDP), following in the footsteps of Mastercard, Worldpay and Western Union, per a Solana Foundation announcement.

MoneyGram has invested in blockchain technology and partnered with crypto firms for years, collaborating with the digital asset exchange Kraken as recently as last month.

MoneyGram chief executive Anthony Soohoo says the Solana partnership represents the latest step in integrating blockchain into the firm’s payment infrastructure.

“We believe the future of global money movement will be built on open, interoperable stablecoin rails that anyone, anywhere can access. Building that future requires compliance, regulatory clarity and operational scale. MoneyGram brings all three. We’re helping make blockchain infrastructure a core part of global money movement.”

Catherine Gu, the Solana Foundation’s head of product (digital assets), says MoneyGram brings one of the most expansive global payment networks to the SDP.

“Built over 85 years, MoneyGram serves more than 60 million active customers through nearly half a million retail locations and billions of digital endpoints. Through SDP, they can further extend that network on-chain–making money movement seamless for their customers wherever they are and in whatever form of money they need.” 

Solana’s native asset, SOL, is trading at $72.66 at time of writing. The 7th-ranked crypto asset by market cap is down more than 2% in the past 24 hours and nearly 3.5% in the past week.

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J.P. Morgan Private Bank is bullish on four US stock sectors amid the ongoing capital expenditure trend.

Abigail Yoder, an equity strategist at the financial giant, says in a new analysis that the bank is positive on financials, industrials, information technology, and utilities and energy infrastructure.

Yoder notes financials are in a good place to absorb market volatility.

“Large, high-quality banks remain well positioned in the current rate environment, which we describe as ‘higher-for-longer but stable.’ Net interest margins continue to benefit from elevated rates and a steepening yield curve. Resilient credit fundamentals and strong capital positions support earnings durability and downside resilience.”

In terms of industrials, Yoder says defense spending, infrastructure buildout, AI-related capex and reshoring initiatives are all driving structural demand.

“Money is moving into a range of capital-intensive industries, from power equipment and construction to various types of advanced manufacturing. Together, they illustrate the breadth and depth of the industrial cycle.”

The strategist notes that information technology has been the core driver of S&P 500 earnings.

“Recent valuation compression reflects macro volatility and not a deterioration in fundamentals. As we’ve discussed, we see a bright outlook for tech earnings, underscoring the sector’s role as a central pillar of growth and innovation in the U.S. economy.”

Finally, Yoder says utilities and energy infrastructure are increasingly exposed to structural demand.

“Electrification, AI-driven power consumption and grid modernization are shining a spotlight on the economy’s need for long-term energy investment and the sector’s strong earnings prospects.

Forecasters project that electricity demand will exceed current generation capacity over the coming years… A sustained supply-demand imbalance will support companies’ pricing power. We think it will also underpin a multi-year investment cycle across electricity generation, transmission and grid infrastructure.”

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Michael Saylor’s Strategy just dropped another $100 million into Bitcoin (BTC).

It’s the firm’s second large buy in a row after a $101 million purchase last week.

The two sizeable acquisitions materialized on the heels of Strategy’s first BTC sale since 2022. The firm sold 32 BTC worth $2.47 million earlier this month, marking a dramatic shift in tone for the company after Saylor spent years encouraging investors to “never sell” their BTC.

He did tip that a sale could happen, however, suggesting in a recent earnings call that the firm would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”

After this week’s purchase, Strategy now owns 846,842 Bitcoin worth $56.9 billion at time of writing. Saylor noted that Strategy also increased its US dollar reserve by $100 million to $1.1 billion.

The firm’s stock is up more than 8% on Monday and nearly 9% in the past week, though it remains down by more than 24% in the past month.

Bitcoin itself is up nearly 5% on Monday and nearly 6% in the past seven days.

Strategy is the largest corporate holder of Bitcoin in the world and was the first public company to adopt BTC as its sole treasury reserve asset.

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The social media giant Meta has disclosed a data breach to government regulators, noting that bad actors gained access to up to 20,225 accounts.

Meta notes the exploit happened in April and involved “High Touch Support,” Instagram’s AI-assisted account recovery system, per a letter to the Office of the Maine Attorney General.

Amber Hannah, Meta’s associate general counsel, says unauthorized third parties hijacked the tool to gain access to people’s accounts.

“The tool itself worked properly and functioned as intended; however, due to a bug in a separate code path, the system did not properly verify that the email address provided by the individual requesting a password reset matched the email address associated with that user’s Instagram account.

As a result, when an individual provided an email address not previously associated with the account, the system incorrectly sent a password reset link to that unassociated email rather than rejecting the request. This allowed unauthorized third parties to receive a password reset link for accounts they did not own.”

Meta discovered the breach at the end of May. Hannah says the company still isn’t certain what personal data was accessed in the exploit, but notes that contact info, birth dates, messages, posts, account activity, profile info and connected accounts could all be at risk.

Meta disabled High Touch Support and invalidated all existing password reset links that had been generated through the vulnerable code path.

However, the social media giant is not offering identity protection services to people whose accounts were impacted in the breach. Multiple law firms announced class-action investigations against the company.

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Investors should consider “HALO” stocks for longer-term investments, according to a Goldman Sachs equity strategist.

HALO stands for “Heavy Assets, Low Obsolescence” and is a strategy that involves investing in stocks associated with sectors considered resilient to disruptions from artificial intelligence.

Sharon Bell, a senior European equity strategist at Goldman, says in a new interview that HALO stocks are primed to emerge as “structural winners.”

“And by that, I mean things like utilities, telecoms, industrials, even energy companies that are investing and have good assets and can make return on those assets. And I think Europe has a lot of those. I also like our renewables companies, defense companies, aerospace companies. I think the tech sector in Europe trades at a discount to similar companies elsewhere in the world.”

Bell also says banking stocks could witness gains.

“We think interest rates will be higher for longer and that will help the bank sector.”

The strategist says investors can get positive returns out of European stocks, but she still believes US and Asian equities will outperform.

“So we would have the US outperforming because it’s got big hyperscalers where we’re expecting pretty good returns. And we’re looking for an economy which actually is growing quite nicely in the next couple of years in the US. So we do think the US market continues to outperform Asia as well. We see [it] driven by earnings, driven by the semi stocks and driven by the tech sector.”

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Michael Saylor’s Strategy seems to have regained its Bitcoin (BTC) appetite.

The firm announced today that it has purchased 1,550 BTC for $101 million, increasing its total holdings to 845,256 Bitcoin.

Strategy’s buy materializes a week after it announced its first BTC sale since 2022, hawking 32 BTC worth $2.47 million.

The sale marked a dramatic shift in tone for Strategy after Saylor spent years encouraging investors to “never sell” their BTC.

He did tip that a sale could happen, however, suggesting in a recent earnings call that the firm would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”

Saylor, a vocal Bitcoin evangelist, was notably quiet about the sale on social media. He usually announces the firm’s weekly BTC purchases on X.

In this week’s announcement, Saylor noted that Strategy also increased its US dollar reserve by $100 million to $1.0 billion.

The firm’s stock is up more than 6% on Monday, but remains more than 10% down in the past five days and nearly 32% down in the past month.

Bitcoin’s price also suffered last week, dropping more than 10% in the past seven days. The top-ranked crypto asset by market cap is up more than 2.5% in the past 24 hours, however.

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A Goldman Sachs tech specialist thinks one sector of the market looks particularly exciting amid historic stock gains.

Peter Callahan, a telecom sector specialist, says in a new interview that US internet stocks have lagged software this year and haven’t received enough attention.

“There are ongoing debates about sources of funds, about ongoing investment cycles, about the health of the consumer, and of course, where AI in the consumer world goes over the next couple of years. But as of late, you’re starting to see a little bit more innovation from the product side on US internet companies tied to AI.

The temperature on the consumer seems to be coming down as oil prices have reset off the highs. And so given that backdrop and cleaner positioning, I’ll be watching the US internet sector from here.”

Callahan also outlines what investors should track when looking at semiconductor stocks, which are having their best year in decades.

“I think for semiconductors, listen, it’s been a great start to the year. I think any time a group’s up 80% like it is in five months, there’s of course– you have sort of these momentum dynamics. You have too far, too fast.

You have all that type of stuff that kind of matters over the short term. But I think over the medium term, what really matters is earnings revisions, right? And as long as you are getting earnings revisions for this group, which helps keep multiples in track, I think investors will be comfortable adding to this group on pullbacks or momentum unwinds or different pockets of positioning pressures that can show up, of course, when you have moves like this.

So I think at the end of the day, just keep tracking the earnings growth and I’ll do my best to keep this group informed.”

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Michael Saylor’s Strategy is making waves in the crypto sector after announcing its first Bitcoin (BTC) sale since 2022.

The world’s largest corporate holder of Bitcoin sold 32 BTC worth $2.47 million.

The sale marks a dramatic shift in tone for Strategy after Saylor spent years encouraging investors to “never sell” their BTC.

He did tip that a sale could happen, however, suggesting in a recent earnings call that the firm would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”

It’s Strategy’s first sale since December 2022, when the firm’s subsidiary, MacroStrategy, sold 704 BTC for approximately $11.8 million.

Saylor, a vocal Bitcoin evangelist, was notably quiet about the sale on social media. He usually announces the firm’s weekly BTC purchases on X.

Strategy, the first public company to adopt Bitcoin as its sole treasury reserve asset, still owns 843,706 BTC acquired for $63.87 billion. The firm’s BTC holdings are currently worth around $60.3 billion.

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Fundstrat’s Tom Lee, known for his consistently bullish equity predictions, thinks certain categories of stocks could face a bear market later this year.

Lee says in a new CNBC interview that parts of the stock market look vulnerable due to “midterm seasonality,” petroleum shortages and a wave of upcoming initial public offerings (IPOs) that he says could cause a supply overhang.

But the Wall Street veteran does think the upcoming bear market will spare certain prominent sectors.

“I think there’s going to be a bear market in other stocks later this year, yes, but I think it’s going to spare the Mag-7 and software.

So it’s going to be names that either got lofty or are going to be affected by the fact that there is a lot of supply of new stock later this year, or the companies that are going to get hit by the shortage of petroleum products. So I think there are reasons that we could have headwinds later this year.”

Lee adds that semiconductor stocks “could become a bubble.”

“To me, they don’t seem like a bubble yet. When Nvidia’s trading at 19 times earnings, I think it’s still a good risk/reward, but I think that there are parts of that ecosystem that have become quite expensive.”

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The Bhutanese government is shifting a portion of its Bitcoin (BTC) holdings to a different wallet.

The crypto de-anonymizing platform Arkham notes that Bhutan’s government recently moved $7 million worth of BTC to a Segregated Witness (SegWit) address.

Arkham says the move could indicate a potential transfer or sale.

“Bhutan will periodically move small amounts of BTC to Segwit addresses, which appear to be separate to its P2SH holdings cluster. They are down 10,000 BTC from their peak of ~13,390 BTC in October 2024.”

The crypto intelligence platform notes the Bhutanese government has moved $237.39 million worth of BTC from their wallets to Segwit addresses since the start of 2026.

SegWit addresses are designed to offer lower transaction fees and better scalability than Bitcoin’s Legacy addresses.

Bhutan’s government currently owns $234.33 million worth of BTC and about $68,000 worth of Ethereum (ETH), per data from Arkham.

The Bhutanese government has long expressed an interest in digital assets: Back in 2021, the nation’s Royal Monastery Authority (RMA) collaborated with Ripple on a central bank digital currency (CBDC) pilot project, exploring the potential for CBDCs to enhance cross-border payments.

Bitcoin is trading at $77,571 at time of writing. The top-ranked crypto asset by market cap is up more than 1.1% in the past 24 hours.

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Bad actors compromised the network of a Virginia-based radiology firm, placing the data of 266,183 people at risk.

Radiology Associates of Richmond (RAR) disclosed the breach to a slew of government regulators last week.

The firm discovered the incident in April, but the actual hack occurred back in July 2025.

RAR wasn’t entirely clear on what data was compromised, though a listing with the Texas Attorney General’s office indicates impacted information includes government-issued ID numbers; financial info (including account numbers and credit/debit card numbers); medical info; and health insurance info.

Unlike numerous other firms that have suffered massive data breaches recently, Radiology Associates of Richmond opted not to offer identity theft protection services to individuals impacted by their cybersecurity issues.

In a letter to impacted individuals, the firm claims it is “unaware of any evidence of fraud or identity theft directly resulting from this incident.” The letter does encourage impacted individuals to place fraud alerts and/or security freezes on their credit files.

It’s not RAR’s first high-profile security lapse: In 2024, a hacker gained unauthorized access to the firm’s network, compromising data that impacted approximately 1.42 million individuals. That data breach spurred a $5 million class-action lawsuit.

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Bad actors have breached the fintech brokerage firm US Tiger Securities, placing the personal and financial info of 26,985 people at risk.

US Tiger Securities, which is affiliated with the brokerage firm TradeUP Securities, disclosed the breach in a government filing last week.

The firm says some of its files were copied by an unauthorized third party last July.

“On July 10, 2025, we discovered that we were the target of a cybersecurity incident and that files were encrypted in our virtual back-office environment that supports the shared back-office functions of both US Tiger and TradeUP.

As soon as we became aware of this incident, we promptly engaged legal counsel to provide legal advice for an investigation into the incident, who in turn engaged a cybersecurity firm to conduct a forensic investigation.”

US Tiger has not publicly disclosed the types of personal information that was stolen. The law firm Migliaccio & Rathod LLP, says it’s investigating the breach and impacted data could include names, addresses, Social Security numbers, driver’s license numbers, government-issued ID numbers (including Passport or State ID Numbers), medical information and health insurance info.

US Tiger says it is implementing additional safeguards and technical security measures to prevent future data breaches. The firm is also offering impacted clients two years’ worth of credit monitoring and identity theft protection services from Experian IdentityWorks.

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A Goldman Sachs executive is warning that high levels of leverage in the market could spark volatility in the artificial intelligence and semiconductor sectors.

Shawn Tuteja, a managing director who oversees ETF and custom baskets volatility trading, says in a new interview that the market is underappreciating the potential for two-way volatility.

“What worries me a bit more about the market right now, especially the semiconductors and AI story, is how much leverage there is in the system. There are a lot of levered ETF products that have launched that get you 2x exposure to semiconductors or 3x exposure to semiconductors. And those products inherently are what we call short gamma products. Meaning, to keep their constant leverage on days when the underlier is up, they need to buy a bunch on the rebalance. And on days when it goes down, they need to sell a lot.

And so, the reason that worries me is as leverage increases and as positioning and exposure increases, you could have a moment where something fundamental comes out that’s negative and a stock should be down 3%. But because of all these deleveraging forces that exist in the market, 3% can turn into 10% very quickly on the downside. Just like we’ve seen it turn into that on the upside.”

Tuteja notes that while he expects volatility, he doesn’t believe the market is in a bubble.

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Michael Saylor’s firm Strategy just completed of its largest Bitcoin buys ever, acquiring 24,869 BTC for approximately $2.01 billion.

The company now owns 843,738 BTC acquired for $63.87 billion at a price of $75,700 per Bitcoin.

The recent acquisition, priced at an average of $80,985 per Bitcoin, was Strategy’s sixth-largest on a BTC basis and 8th-largest on a dollar basis.

Saylor says Strategy has achieved a BTC Yield of 12.6% year-to-date. The firm, which trades on the Nasdaq under the ticker MSTR, is the world’s largest corporate holder of Bitcoin and was the first public company to adopt BTC as its sole treasury reserve asset.

Bitcoin is trading at $76,374 at time of writing. The top-ranked crypto asset by market cap is down more than 2% in the past 24 hours and nearly 7% in the past seven days.

In a tweet in April, Saylor predicted that Bitcoin would not have to endure future boom-and-bust cycles.

“Bitcoin has won. Global consensus is that BTC is digital capital. The four-year cycle is dead. Price is now driven by capital flows. Bank and digital credit will determine Bitcoin’s growth trajectory. The biggest risk is bad ideas driving iatrogenic protocol changes.”

Saylor has encouraged investors to “never sell” BTC. However, he made headlines in a recent earnings call when he suggested the firm would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”

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In a new CNBC interview, Ed Yardeni notes their projection increased from 7,700 to 8,250 by year-end.

“I’ve been bullish but not bullish enough. As it turns out, the earnings estimates of analysts have been phenomenal. I’ve never seen anything like it. The first quarter earnings season that we’re finishing up now has turned out to be gangbusters. Not only that, but the analysts are actually raising their estimates for the second, third and fourth quarters. And the year as a whole, they’re talking about something like 23%, which is an extraordinary increase in an economy that’s been growing all along.”

Yardeni encourages investors not to underestimate the resilience of the economy despite the ongoing geopolitical turmoil related to the Iran War.

The veteran Wall Street investor also argues that analysts sometimes “pay too much attention to Washington [DC].”

We’ve done remarkably well despite Washington. And I think the same thing can be said globally.” 

The S&P 500 is priced at 7,416.18 at time of writing and is up more than 2.5% in the past five days. A jump to 8,250 would represent an increase of more than 11%.

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In the current market environment, investors should prepare their portfolios for possible inflation and volatility, according to a J.P. Morgan Private Bank executive.

Grace Peters, the bank’s co-head of global investment strategy, says in a new interview with Bloomberg Television that recent equity all-time highs make sense due to the overall surge in capital expenditure (capex).

“And obviously that’s not just associated with the AI buildout. If you look at governments directing capital, companies also following suit. The most recent earnings that we saw the past earnings season saw a 12% increase in capital expenditure beyond AI capex, and I do think that economic value is going to flow to owners of risk.”

Peters notes J.P. Morgan Private Bank remains bullish on equities but believes portfolios should be better prepared “for the full range of outcomes.”

“And so we want income with inflation protection. So, infrastructure, which still feels underowned by the market. We think there’s going to be volatility, so hedge funds, we think, are a really great asset to add. Gold as well. 

And yet, when we look at our own client portfolios, around 20% are still in cash or in short-dated securities maturing in less than 12 months. And that’s why we think actually that we want to be in there for the equity bull market that we still see ahead. But we do think that there’s still portfolio resilience that needs to be added to capitalize on some of these trends.”   

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The American Bankers Association (ABA) is pressing for big changes to the Clarity Act, claiming the crypto market structure bill could put bank deposits at risk of losing ground to stablecoins.

Last week, the Senate Banking Committee announced it had scheduled a new markup session to consider the potential legislation.

Over the weekend, ABA President Rob Nichols fired off an email to all of his member bank chief executives, urging them to contact their respective senators to request that they eliminate provisions in the bill that allow crypto firms to offer stablecoin rewards.

“To be clear, we want Congress to put in place digital asset rules and establish responsible guardrails for the crypto industry. The current version of the legislation, although improved from an earlier version, still does not adequately prevent crypto companies from offering interest-like rewards on payment stablecoins. Without additional changes, we believe the current proposal would unnecessarily incentivize the flight of bank deposits into payment stablecoins, putting both economic growth and financial stability at risk.”

On Monday, Ohio Senator Bernie Moreno blasted Nichols’ letter, claiming “the banking cartel is in full panic mode.”

“For decades, these banks have treated your deposits like their personal piggy bank, paying you next to nothing while lending YOUR money out for massive profits and executive bonuses.”

The Clarity Act’s new markup session is scheduled for Thursday, May 14th.

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A Goldman Sachs executive says the financial giant’s Fixed Income, Currency and Commodities (FICC) team is a “seven on ten” on the domestic equity market.

Anshul Sehgal, global co-head of Goldman’s FICC team, says in a new interview that they were a “seven on ten” on equities back in January, with the plan to ratchet that number up if valuations got more attractive.

“They did. We took it up to a nine. We never got to ten. We were waiting for more of a pullback. And now, with this rebound, we’re back to a seven. We do want to ride the wave. We think it is a big question mark in terms of how far the domestic equity market goes. Remember, like these seven companies, or US tech companies more broadly, do have a monopoly in the free world on these technologies. And these will be deployed very broadly, not just in the United States but the entire world. And they do have the potential to really change how life works. So, we want to be invested. But we’re back to a seven on ten waiting for better entry points to take it up again. And we plan on trading this theme in that manner.”

Sehgal says they aren’t interested in bonds because of their lack of growth trajectory.

“Energy security is a big thing. So, we like energy. So, that’s where we’ve rotated some of our excess that we had deployed in tech. We think energy security, both because of AI, and geopolitics, is going to be a dominant theme. Defense, similarly. None of this is going to change very much. None of these are as exciting an opportunity as AI is. AI is a generational thing. These are trades. So, we’ve rotated some of our allocations in that manner. And we don’t really have much else. So, we’re like seven on ten on tech. Three on ten on energy. Two on ten on defense. And no fixed income.”

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The 175-year-old money-transfer giant Western Union has officially launched a new stablecoin on the Solana (SOL) blockchain.

Western Union’s new USDPT coin is fully backed by US dollars and issued by Anchorage Digital.

Devin McGranahan, Western Union’s president and CEO, says the stablecoin will integrate into the financial giant’s existing payment systems.

“USDPT reinforces Western Union’s role as a global payments platform. By integrating a regulated digital dollar directly into our network, we’re creating a more efficient settlement layer that supports partners, agents and future consumer use cases — all while preserving the trust and scale that define our brand.”

Western notes it also plans to develop a digital asset network to connect crypto exchanges and custodians to its global payout and liquidity infrastructure.

The firm currently powers cross-border transfers in more than 200 countries, with payment services utilizing over 130 currencies.

Western Union’s new stablecoin, first announced last October, materializes as the company reckons with declining revenues and a stock price that has tumbled by more than 63% in the past five years.

Despite the revenue decline, Western Union has remained profitable, with some market analysts suggesting the money transfer giant’s share price could rebound.

WU shares are trading at $9.16 at time of writing and are down 2.55% in the past five days.

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French authorities have indicted 88 people following a spate of violent crypto-related kidnappings known as “wrench attacks.”

Named after a popular xkcd webcomic, wrench attacks involve a criminal using violence, intimidation or confinement to compel a crypto holder to reveal their private keys or passwords.

France has been a hotbed for these types of robberies, with the country’s National Anti-Organized Crime Prosecutor’s Office (PNACO) noting there have been more than 135 incidents since 2023.

The kidnappings are often put together by organizers abroad, who coordinate with recruiters in France, according to a February report from the Organized Crime Information, Intelligence and Strategic Analysis Service of the Judicial Police (SIRASCO)

The recruiters link the organizers with young people with criminal records, who carry out online intimidation and physical attacks.

The victims of these kidnappings are usually men between the ages of 20 and 35 who are involved with digital assets as investors, entrepreneurs or influencers.

Physical attacks against crypto holders are now a “structural threat’ to digital asset ownership, according to the blockchain security firm CertiK.

The firm noted in a report earlier this year that the frequency of wrench attacks skyrocketed by 75% in 2025.

CertiK documented 71 incidents in 2025 that resulted in more than $40.9 million in losses, a 44% year-on-year increase.

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Bad actors have compromised a public medical school in Texas, leading to a massive data breach that’s placing the personal info of 813,892 people at risk.

The Texas Tech University Health Sciences Center disclosed the breach to multiple state governments last week, noting that potentially impacted information includes names, birth dates, addresses, Social Security numbers, driver’s license numbers, government ID numbers, financial account information, health insurance information and medical records – including diagnosis and treatment info.

The school says it conducted a detailed review of its systems and claims that it is “not aware” of any identity theft or fraud associated with the breach, which occurred back in September 2024.

Texas Tech University Health Sciences Center says it just recently concluded its investigation.

The school also says it is offering impacted victims 1-2 years of credit monitoring and identity restoration services through the cybersecurity firm IDX.

“We are reviewing existing security policies and procedures as part of the investigation and are implementing additional safeguards to enhance system protection and monitoring.”

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Goldman Sachs Managing Director Greg Tuorto thinks market conditions look healthy for small-cap stocks.

In a new interview, Tuorto notes that small caps have had a rough 3-4 years since the US Federal Reserve started raising rates, and they haven’t yet witnessed the expected tailwind since the Fed started to cut.

“We’re starting to see a nice earnings cycle in small caps. We think it’ll be a lot more powerful than the large-cap earnings cycle. We also think they’re a lot cheaper. About 25 – 30 percent cheaper than large-caps. Plus, you have the optionality in the IPO market, which should help. And M&A is starting to pick up, which is also a really nice, you know, tailwind for the small-cap market.”

In terms of the small-cap space, Tuorto argues that the “picks and shovels” side of AI is a smart way to secure gains on a longer timeline.

“I think that you look at semiconductors. Semiconductor cap equipment, which was nowhere two years ago and now is a leading sector in the market. And some of this optical connectivity that needs to connect these data centers together. You know, there are a lot of opportunities here. A lot of ways to play it. A lot of different flavors of things to invest in. So, I do think that this can be good, even if software doesn’t join the party as it hasn’t for the past, say, three, six months.”

The Goldman Sachs executive also says investors should look at the biotech and defense sectors.

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BlackRock’s Rick Rieder says equities are surfing off “amazing” technicals amid recent all-time highs.

In a new interview with Bloomberg Television, Rieder, the financial giant’s chief investment officer (CIO) of global fixed income, outlines what he thinks is driving the recent market rally.

“The technicals in the equity market are extraordinary, and the earnings numbers that are coming through are pretty powerful, and so you look at the US economy… the primary drivers are doing quite well. You look at tech… and you look at this earnings growth. I was looking at some of the semis, you’re talking about 97% earnings growth year-on-year. I mean unbelievably powerful numbers.

And then you look at the high-end consumer, that consumption. Retail sales, when you break it down, are pretty darn good.” 

Rieder notes the positive earnings materialized during a period of time “when nobody wanted to buy stocks.”

“We’re going to buy back $1 trillion of stock this year. So actually there’s not enough stock to buy.” 

The S&P 500 is priced at 7,099.35 at time of writing after hitting a new all-time intraday record high of 7,147.52 on Friday. The leading equity index is down 0.37% on Monday but up 2.74% in the past five days and 9.11% in the past month.

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Michael Saylor’s firm Strategy just completed its third-largest Bitcoin acquisition ever, buying up 34,164 BTC for approximately $2.54 billion.

The company now owns 815,061 BTC acquired for $61.56 billion, at an average price of $75,527 per Bitcoin.

The recent acquisition, priced at an average of $74,395 per Bitcoin, was Strategy’s largest since a 55,000 BTC buy reported on November 25, 2024, the firm’s biggest crypto purchase ever. The company’s second-largest acquisition was a 51,780 BTC buy also reported in November 2024.

About 86% of the proceeds came from proceeds of STRC sales, with the remainder from MSTR common stock sales resulting in common stock dilution. STRC is Strategy’s Variable Rate Series A Perpetual Preferred Stock, which currently pays a variable monthly dividend of 11.5%.

Saylor says Strategy has achieved a BTC Yield of 9.5% year-to-date. The firm, which trades on the Nasdaq under the ticker MSTR, is the world’s largest corporate holder of Bitcoin and was the first public company to adopt BTC as its sole treasury reserve asset.

Bitcoin is trading at $75,655 at time of writing. The top-ranked crypto asset by market cap is up 0.54% in the past 24 hours and nearly 5% in the past seven days.

In a tweet earlier this month, Saylor predicted that Bitcoin would not have to endure future boom-and-bust cycles.

“Bitcoin has won. Global consensus is that BTC is digital capital. The four-year cycle is dead. Price is now driven by capital flows. Bank and digital credit will determine Bitcoin’s growth trajectory. The biggest risk is bad ideas driving iatrogenic protocol changes.”

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The stock market hit new all-time highs last week, but one Goldman Sachs executive warns that the new momentum could witness some bumps in the road.

In a new interview, Goldman partner Bobby Molavi analyzes whether traders should fade or chase the rally that materialized last week.

“I think it’s still hard to imagine or believe that the market has been so resilient, given the various things we could worry about. You know? Oil’s back in 1992 dollars. But it’s not back to where we were pre-crisis. Obviously, rates now have kind of normalized a little bit. But the hiking versus cutting dynamic still is probably going to result in cuts coming through slower or later than people hoped for.

So, I think it’s delicately poised. I think the market still is pinning itself to the kind of AI capex story. Some of those tailwinds I mentioned, particularly fiscal, when it comes to Europe. Some of those kinds of second-order themes, for example, AI capex and AI disruption. And some of the value propositions in efficiency and productivity from that. But I think we’ve moved a long way. We are basically pricing in 5 the conflict being resolved. I think there are still some marginal risks of a blip along the way. So, fade the rally, if I had to choose.”

Molavi also notes that he’s focused on the “Heavy Assets, Low Obsolescence” (HALO) theme, which involves investing in assets that are considered resilient to disruptions from artificial intelligence.

“I think that in areas where it’s impossible to kind of decide or accurately product terminal value, it’s going to be really hard to kind of know where certain stocks should trade in terms of multiple or trajectory. But I think scarcity is being redefined. And we’re realizing there are a bunch of things the world needs. Oil being just one example. Hard materials, heavy goods being another, that have been undervalued over the last few years. And the kind of value of those goods in terms of supply chains and companies for key component parts for things like chip manufacturing, is being proven out in recent times. And I think that theme has further to run.”

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Goldman Sachs managing director Lee Coppersmith says the Magnificent Seven stocks could be primed for a rebound.

In his latest outlook, Coppersmith compares the current market environment to the March 2020 COVID-related drawdown.

“During that span, just like today, what it kind of really revealed was that the market had lost its confidence in those Mag 7 stocks as being the leaders. And so, I would tell you that I think if you were to, you know, see what happened back then, obviously, post-COVID, obviously, the reemergence of those companies took place. And it was a really great opportunity to be putting on those upside expressions, particularly in those companies. Whether you did them outright. Or if you did them versus the rest of the market, right?

And so, what we would say today to clients is that if you wanted to basically look at ways to raise your exposure to the broader market as a whole after a month of basically derisking, this presents another really attractive opportunity for clients to use those expressions as a way to get longer on the market as a whole.”

Coppersmith says investors haven’t lost confidence in the artificial intelligence theme and are approaching AI with a barbell strategy.

“They want to own both the inputs into AI through the infrastructure plays. But they also want to own the outputs in the AI, which means the transport companies, the infrastructure that actually then leads to obviously productivity booms.”

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Michael Saylor’s firm Strategy unveiled one of its largest Bitcoin (BTC) purchases of the year on Monday.

Saylor says the company bought 13,927 BTC for approximately $1 billion, at a price of $71,902 per Bitcoin.

The purchase came entirely from proceeds of STRC sales with no common stock dilution. STRC is Strategy’s Variable Rate Series A Perpetual Preferred Stock, which currently pays a variable monthly dividend of 11.5%.

Strategy now holds 780,897 BTC acquired for $59.02 billion. The firm, which trades on the Nasdaq under the ticker MSTR, is the world’s largest corporate holder of Bitcoin and was the first public company to adopt BTC as its sole treasury reserve asset.

Bitcoin is trading at $71,461 at time of writing. The top-ranked crypto asset by market cap is up 0.75% in the past 24 hours and more than 2.5% in the past seven days.

In a Bloomberg interview earlier this year, Saylor predicted that Bitcoin would not have to endure future boom-and-bust cycles.

“Winter’s not coming back. We’re past that phase. Bitcoin’s not going to zero, it’s going to $1 million.”

The Strategy founder said his bullishness was due to the Trump Administration’s embrace of crypto and the doors it opened for future institutional adoption.

“The banks are going to custody Bitcoin. Bitcoin has gotten through its riskiest period, the accounting has been corrected.

There’s now only 450 Bitcoin a day available for sale by natural sellers, that’s the miners. At this level, that works out to about $50 million of Bitcoin available for sale every day. If that $50 million is bought, then the price has got to move up to find any seller that’s price sensitive.”

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JPMorgan Chase chief executive Jamie Dimon warns that the war in Iran could lead to sticker inflation and higher interest rates.

In a new letter to shareholders, Dimon says the war could reshape global supply chains, with disruptions in energy, commodity products, shipbuilding and farming already materializing due to the conflicts in Iran and Ukraine.

Dimon notes that recessions are caused by a “bad confluence of events” that spur credit losses, volatile markets, lower asset prices and higher unemployment.

The CEO argues that the variable factor is inflation.

“There are some scenarios that would result in a recession, which generally reduces inflation, and other scenarios that would lead to a recession with inflation (stagflation — where inflationary forces overcome deflationary ones). The skunk at the party — and it could happen in 2026 — would be inflation slowly going up, as opposed to slowly going down. This alone could cause interest rates to rise and asset prices to drop. Interest rates are like gravity to almost all asset prices. And falling asset prices at one point can change sentiment rapidly and cause a flight to cash.”

Dimon also warns about “significantly elevated” global sovereign deficits and debt, noting that the current forecast from the Congressional Budget Office has the US’s debt-to-GDP ratio surging from 100% today to 120% in 2036.

“High and increasing government debt will eventually have to be dealt with — the right way would be to deal with it now before it becomes a problem; the wrong way would be to let it become a crisis, which, in my opinion, is probably the likely outcome. Importantly, almost 60% of government spending is for entitlements and is not discretionary. This makes the job that much harder. A crucial note on the importance of growth: If interest rates went down 100 basis points and GDP grew at 3%, the debt-to-GDP ratio could actually start to go down instead of going up.”

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The recent $285 million hack on the Solana-based DeFi platform Drift Protocol wasn’t any run-of-the-mill exploit.

Drift Protocol says in a new incident update that the April 1st attack was the result of six months of careful manipulation from North Korean-backed impostors.

“In or about Fall 2025, Drift contributors were approached by a group of individuals at a major crypto conference who presented as a quantitative trading firm looking to integrate on the protocol. It is now understood that this appears to be a targeted approach, where individuals from this group continued to deliberately seek out and engage specific Drift contributors, in person, at multiple major industry conferences in multiple countries over the following six months.

They were technically fluent, had verifiable professional backgrounds, and were familiar with how Drift operated. A Telegram group was established upon the first meeting, and what followed were months of substantive conversations around trading strategies and potential vault integrations. These interactions are typical of how trading firms interact and onboard with Drift.”

The impostors onboarded an Ecosystem Vault on Drift in December and January, engaging with multiple contributors in a number of different working sessions and depositing more than $1 milllion worth of their own capital.

“Integration conversations continued through February and March 2026. Various Drift contributors met individuals from this group again, face-to-face, at multiple major industry conferences. By this point, the relationship was nearly half a year old. These were not strangers; they were people Drift contributors had worked with and met in person.

Throughout all of this, links were shared for projects, tools, and apps they claimed to be building, which was standard practice for trading firms.”

Drift Protocol says investigations have concluded with “medium-high confidence” that the attack was orchestrated by the same North Korean-linked criminal group that hacked the DeFi platform Radiant Capital in 2024.

The project notes, however, that none of the individuals they met with in person in the lead-up to the attack were North Korean nationals.

“DPRK threat actors operating at this level are known to deploy third-party intermediaries to conduct face-to-face relationship-building…

The investigation has shown so far that the profiles used in this third party targeted operation had fully constructed identities including employment histories, public-facing credentials and professional networks. The people Drift contributors met in person appeared to have spent months building profiles, both personal and professional, that could withstand scrutiny during a business or counterparty relationship.”

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A US state tax agency has placed taxpayers’ personal info at risk by missing an extended data breach that lasted 18 months.

The Oklahoma Tax Commission (OTC) says the breach happened between July 2024 and December 2025, per a new filing with the Office of the Maine Attorney General.

The agency failed to notice the suspicious activity until December, noting there was unauthorized access to certain W-2 and 1099 files in their online taxpayer portal.

The filing indicates names and social security numbers were stolen in the breach, though the OTC didn’t disclose the total number of impacted individuals.

The agency says it has an “ongoing commitment to the privacy of information in its care” and will review its existing security standards.

“Information privacy and security are among the OTC’s highest priorities. The OTC’s response included completing an investigation, cooperating with the Internal Revenue Service (“IRS”) to further its investigation so it can monitor fraudulent tax filing activity, and undertaking a comprehensive review of the accessed files to determine the individuals involved in the incident.”

The OTC also says it will provide access to credit monitoring and identity theft protection services for one year through Cyberscout, a TransUnion company.

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BlackRock Investment Institute shifted from overweight to neutral on US equities amid heightened market volatility.

BlackRock analysts note in a new market commentary that the shift is rooted in anticipated macroeconomic policy.

“Higher interest rate expectations could weigh on the market – and small caps in particular. We keep our overweight to companies that benefit from the AI mega force.”

The financial giant also shifted from overweight to neutral on Japanese equities.

“Japan’s exposure to imported energy may erode strong equity gains powered by healthy corporate balance sheets and governance reforms.” 

Over a 6-12 month timeline, the BlackRock analysts note they favor investing in AI infrastructure and equipment providers, arguing they will “stand to benefit no matter the winners or losers.”

“We particularly favor what we call ‘electro tech’ – batteries, power electronics and electric motors at the core of AI, energy, infrastructure and defense. AI is not just powering demand; it is tightening links across energy, technology, utilities and infrastructure, pushing up electricity use and the need for power capacity. This is colliding with limited supply of key materials such as copper – especially in fast-growing battery storage. Countries are diversifying supply and expanding grids – supporting utilities, though with returns capped by regulation. They are also reducing reliance on a narrow set of LNG suppliers, keeping prices elevated for now as buyers pay for supply security.”

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Crypto prices are volatile to start the week after US President Donald Trump once again claimed progress in peace talks with Iran.

Trump’s message, posted on his platform Truth Social, was also packaged with a threat.

“The United States of America is in serious discussions with A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran.

Great progress has been made but, if for any reason a deal is not shortly reached, which it probably will be, and if the Hormuz Strait is not immediately ‘Open for Business,’ we will conclude our lovely ‘stay’ in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet ‘touched.'”

Bitcoin (BTC) was initially up 0.8%, while Ethereum (ETH) gained 2.5%. Both turned down later in the day, with BTC at $67,749 and ETH at $2,073 at time of publishing.

Trump is also teasing potential progress in peace talks, but some Iranian officials pushed back against his claims.

On Sunday, Mohammad Bagher Ghalibaf, the speaker of the Iranian Parliament, warned about market manipulation relating to the war.

“Heads-up: Pre-market so-called “news” or “Truth” is often just a setup for profit-taking. Basically, it’s a reverse indicator. Do the opposite: If they pump it, short it. If they dump it, go long. See something tomorrow? You know the drill.”  

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South Korean financial regulators reportedly slapped the crypto exchange Bithumb with a 37 billion won ($24.8 million) fine over alleged customer verification lapses.

South Korea’s Financial Intelligence Unit (FIU) accused the exchange of failing to verify the identity of its customers in 6.59 million different instances, as well as facilitating around 45,000 transactions with 18 unregistered exchanges overseas, the Seoul-based news agency Yonhap reports.

The FIU will also impose a six-month partial business suspension in addition to the fine, and Lee Jae-won, Bithumb’s CEO, will reportedly receive an “official reprimand.” The regulator, however, will provide Bithumb with 10 days to respond to the fine before it is officially finalized.

The FIU’s crackdown on Bithumb materializes as crypto ownership booms across South Korea. Last year, Yonhap, citing data released by the South Korean government, reported that 16.29 million people had opened accounts on Upbit, Bithumb, Coinone, Korbit and Gopax, the country’s top five domestic crypto exchanges, with industry officials predicting that South Korea would soon be home to 20 million crypto investors.

South Koreans with accounts at multiple exchanges were reportedly only counted once to keep the data accurate. The country currently has an overall population of nearly 52 million.

There were reportedly 14 million crypto investors in South Korea in March 2024, and more than 500,000 new investors in the country purchased crypto in November 2024, the same month that Donald Trump won the US presidential election. Trump pivoted to crypto-supportive stances during his presidential campaign.

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Hedge fund traders are on edge amid the roiling geopolitical conflict, but they’re still trying to hold onto their marquee stocks by adding hedges, according to a Goldman Sachs equities expert.

John Flood, head of Americas Equities Execution Services at Goldman Sachs Global Banking & Markets, says in a new interview that macro factors have entered a period of “extreme uncertainty.”

“Let’s start with hedge funds, who are our most active traders from the institutional community. They have held onto their single stock longs because there’s still high conviction in your core ideas. But due to the macro uncertainty, we’re seeing an extreme of amount of hedging. And what that means is we’re seeing a lot of shorting of macro products: futures, ETFs, custom baskets. So, there’s a thought that, okay, we’re bracing for more of this headline risk. I don’t want to give up on the names that I’ve held for a long time that I think are alpha generating. But I need to make sure I’m fully hedged up.”

Flood notes that one of the most prominent current themes in the market is exposure to Asia, particularly South Korea and Taiwan.

“Korea and Taiwan have been excellent trades. And the hedge fund community and institutional investors are long these regions right now. During this unrest, we’ve seen a pull back. So, you’ve had a drawdown in the momentum factor. Korea. Taiwan. Viewed as high momentum. High momentum areas of the market. The momentum factor is pulled back. What is this trade easiest expressed? It’s long semis versus short software. That’s the AI trade. So, it’s Korea, it’s Taiwan, it’s momentum.”

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