Strive will expand the issuance of SATS perpetual preferred shares to 7 million shares at a price of $90 per share, with an expected total proceeds of approximately $630 million. The preferred stock has an annual dividend yield of 15% and is expected to be delivered around October 20th. Strive originally planned to issue 5 million shares and raise approximately $500 million. The proceeds from the issuance will be used to purchase Bitcoin, and if all of them are used to purchase Bitcoin, Strike may become the world's second-largest publicly traded Bitcoin reserve company after Strategy.

Asset management company Vaneck has applied to the US Securities and Exchange Commission (SEC) to withdraw the registration documents for the Lido Pledged Ethereum ETF. The registration statement is not effective and the fund has not sold any shares. The product was originally planned to hold the liquidity token stETH issued by the Lido protocol. The total lock up value of Lido is currently about $23.6 billion, lower than $33.3 billion a year ago. BlackRock launched an ETHB that directly pledges Ethereum through validators in March 2026, with a net asset of $409.8 million as of March 31. (Source: Bitcoin.com News)

CryptoQuant founder Ki Young Ju stated that MSCI related risks have been digested by the market, and Wall Street is bullish on Strategy. Citigroup, Barclays, and B. Riley have set target prices for Strategy at $240, $175, and $195, respectively, with the target prices showing an upward trend. At present, the ratio of Strategy's market value to Bitcoin's net asset value is about 1 times, Strategy's price remains near face value, and the company holds $3.75 billion in reserve funds to cover dividend payments.

The US market is about to launch binary options trading, where traders can bet on whether the stock prices of Coinbase, Robinhood, and Marathon can reach preset targets, with corresponding stock codes COIN, HOOD, and MARA. (Source: CoinDesk)

The CryptoOnchain report points out that Ethereum's market structure has improved after Binance's leverage cleaning, but lacks a bullish catalyst. ETH is currently at $2439, down 6.5% on the 7th and 5.2% on the 30th. Binance's open contracts decreased to $6.1 billion, long liquidation increased by 47%, ETH reserves decreased by 2.4%, and the staking rate reached 36.1%. Binance USDT reserves decreased by 2.3%, stablecoin net outflow was $175 million, Coinbase premium was -0.11, transaction volume decreased by 4%, and destruction fees decreased by 58%.