SEC Delays Decision on Truth Social #Bitcoin ETF Listing, Se | The Crypto Basic on Binance Square

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SEC Delays Decision on Truth Social #Bitcoin ETF Listing, Sets New Deadline for Sept 18, 2025.#Crypto 

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#Cardano Community Approves $70M+ in Treasury Funding for Core Development. The Cardano community recently made history by directly approving the funding of core development through its on-chain treasury. In a remarkable development, the community voted overwhelmingly in support of Input | Output Engineering’s (IOE) core development proposal, which revolves around enhancing interoperability, scalability, and developer experience. In particular, the proposal passed with 74.01% of the total 200 votes. While seven DReps were against the proposal, another seven chose to abstain from the exercise. Following the passage of the proposal, 96.81 million ADA coins will be withdrawn from Cardano’s treasury and allocated to the IOE for core protocol development in stages. The dollar value of these Cardano tokens is equivalent to $70.9 million as ADA trades at $0.7324. Tim Harrison, the EVP of Ecosystem and Community at Input | Output, emphasized that the approval marks the first time the community is directly funding core protocol development. “This vote of confidence empowers us to move forward with shared responsibility, full transparency, and a renewed commitment to building an open, resilient ecosystem,” he said. Notably, the scope of the IOE’s development plan cuts across three specific areas: interoperability, developer experience, and scalability. The team will undertake key initiatives across major Cardano ecosystem projects. It intends to roll out a performance upgrade to Ouroboros Leios to unlock higher throughput, while also enhancing Mithril to lower bootstrap times and drive adoption. Other key projects that will see enhancements include Hydra and Project Acropolis. In addition, the IOE will optimize overall network performance, boost sync time, mitigate RAM usage, and reduce operational costs for stake pool operators (SPOs). #Crypto

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Saylor Calls #Bitcoin “Digital Capital,” Says MicroStrategy Isn’t Trying to Own Entire BTC Supply. Strategy executive chairman Michael Saylor sees Bitcoin as a digital capital, which it leverages to build its business model. The Bitcoin maximalist was featured on CNBC’s Squawk Box today, where he provided insights into how the company has built a corporate finance framework around the premier asset. According to him, Strategy’s business model revolves around issuing digital credits like preferred stocks, while using the proceeds to accumulate Bitcoin, which he referred to as “digital capital.” True to this vision, the company has been using proceeds from its fundraisers to finance its Bitcoin purchases. Saylor disclosed the firm has completed four funding rounds this year alone, raising $500 million twice and a separate $1 billion. During the fourth preferred stock offering, MicroStrategy raised $2.5 billion. The offering, tagged as the largest U.S. IPO of 2025 by gross proceeds, saw MicroStrategy sell 28 million shares of Series A Perpetual Preferred Stock (STRC) at $90 apiece. Shortly after the offering, Strategy announced the purchase of 21,021 BTC for $2.46 billion on July 29. Following the purchase, the company’s Bitcoin stash grew to 628,791 BTC, currently valued at $71.91 billion. For context, Strategy’s 628,791 BTC stash is equivalent to roughly 3% of the entire 21 million Bitcoin supply. Given the remarkable gains Strategy has recorded from its Bitcoin holdings, Saylor emphasized that BTC is a 50-year duration asset. In his view, Bitcoin investors are positioned for decades of potential upside that could linger over a 50-year duration. When asked whether there will ever be enough Bitcoin for MicroStrategy, Saylor said he does not believe owning up to 7% of the Bitcoin supply is outrageous. He pointed out that BlackRock currently owns more BTC via its iShares Bitcoin Trust (IBIT) ETF, holding 740,896 BTC. He stressed that MicroStrategy does not intend to own all the Bitcoin in the market but wants other entities to have a piece of BTC pie

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"SHIB’s Next Big Move: Recent Dip Forms Bullish Setup as Analyst Points to Hidden Cup and Handle"

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#Cardano founder says the next phase of crypto growth depends on Washington’s regulatory clarity and the entry of tech giants into the industry. In a recent interview, Charles Hoskinson said the CLARITY Act could open the door to a massive market expansion, led by stablecoins, real-world assets, and major tech firms. Regulatory Clarity Could Drive Market Expansion Hoskinson pointed to the Digital Asset Market Clarity Act of 2025, commonly known as the CLARITY Act, as a potential turning point for the industry. The bill, which passed in the House of Representatives on July 17, aims to establish a clear regulatory structure for digital assets, including classification, trading, and oversight responsibilities. The proposed law would define which agency, either the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), regulates different types of assets. It would also introduce compliance standards for trading platforms and offer legal certainty for developers and investors. Hoskinson Expects Entry of Big Tech and RWAs Hoskinson said the passing of the bill could prompt entry from the so-called MAG7 companies, which include Microsoft, Apple, Google’s parent Alphabet, Amazon, Meta, Nvidia, and Tesla. These firms, he believes, may begin exploring or investing in blockchain and crypto assets once legal boundaries are clearly defined. He also emphasized the growing role of real-world assets (RWAs), which are blockchain representations of tangible or financial assets like real estate or bonds. Predicting the growth in the industry, Hoskinson noted that when the CLARITY Act passes, the stablecoin market will surge above $1–2 trillion. Hoskinson is also very bullish on the global crypto market cap, expecting an uptick above $10 trillion. For context, the global crypto market cap stands at $3.803 trillion, after a massive 8.1% decline in the past day. Bitcoin dominance stands at 61.2% with a market cap of $2.80 trillion. A surge of the global crypto market cap to $10 trillion will push Bitcoin’s market cap to $6.12 trillion

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