This week's financial and cryptocurrency news spanned market movements, exchange expansions, and regulatory scrutiny, highlighted by developments involving Strategy (MSTR), Ethereum, and major platform updates.
Markets and Trading Insights
Trump-linked investment accounts drew attention after buying shares of Strategy (Nasdaq: MSTR)—the world's largest publicly traded corporate holder of bitcoin—near its early summer lows. Strategy shares subsequently rose significantly, posting an increase of about 100% from their June lows.
In technical analysis, veteran trader Peter Brandt shared a long-term chart suggesting that Ethereum (ETH) could potentially reach $8,600 if it manages to clear the $5,000 threshold. Meanwhile, Bitquery estimated that Bitcoin creator Satoshi Nakamoto holds a stash of 1.17 million BTC, following recent blockchain activity that included the movement of 12 distinct block rewards from 2010.
Exchange Expansion and Regulatory Scrutiny
Coinbase expanded its platform features by opening IPO allocations to eligible U.S. retail investors through its app, beginning with Oura's offering.
At the same time, prediction market Polymarket faced scrutiny following reports of a $10 million fraud attack involving stolen debit cards. According to reports, bad actors targeted Polymarket's U.S. platform, prompting payment processor Checkout.com to reject over 80% of deposits as fraudulent, a development that may lead to tighter oversight.
