Cryptocurrency majors traded mostly flat as Bitcoin held at $62.7k amid progress in Iran War. Strategy (formerly MicroStrategy) bought 1,550 Bitcoin for $101 million last week, funded through an at-the-money share sale program that raised $181 million. The purchase marked a return to normal buying after a 32 BTC sale had caused Strategy's worst weekly performance since November 2022. The company used $80 million to rebuild cash reserves to $1 billion, addressing JPMorgan's concerns about dividend coverage. MSTR rebounded 6% and STRC gained 3.69%. Citrini Research named Hyperliquid a compeling investment, citing $1.06 billion in annualized fees and over $2 billion in HYPE buybacks since January. However, Hyperliquid faces regulatory threats as the CFTC approves Kalshi's Bitcoin perps. Sam Bankman-Fried formally applied for a presidential pardon from Trump, causing FTT to surge 50%. Trump has previously rejected pardoning SBF twice due to the $11 billion FTX fraud. Other news: Humanity Protocol's employee laptop compromise led to $36M in H tokens stolen and dumped, dropping H by 76%. Bitcoin ETFs saw $91M outflows while ETH ETFs saw $82M inflows. Bitmine added 126,971 ETH ($214M) last week. The UK FCA added Hyperliquid to its unauthorized firms warning list.

Key facts

• Strategy bought 1,550 BTC for $101M; MSTR up 6%, STRC up 3.69%.
• SBF formally asked Trump for a pardon; FTT surged 50%.
• Humanity Protocol employee laptop compromised; H token dropped 76%.
• Citrini Research named Hyperliquid a buy, citing buybacks and fees.
• Bitcoin ETFs saw $91M outflows; ETH ETFs saw $82M inflows.

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