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Crypto

Ramaswamy dials back crypto talk in Ohio governor race after \'bitcoin\' push in presidential run

Vivek Ramaswamy has not put cryptocurrency at the centre of his Ohio governor campaign, unlike during the 2024 Republican presidential primary when he backed bitcoin and mining and opposed a central bank digital currency. He still has financial and political ties to the sector, including donations and holdings linked to asset manager Strive. Polling and local concerns such as data centres and utility costs appear to be more prominent election issues in Ohio.

Crypto

Strive buys bitcoin for 9 straight trading days, funding structure put to test

Asset manager Strive has bought bitcoin for nine straight trading days using funds raised by issuing SATA preferred shares. It most recently bought 104 BTC on Sept. 1, Cryptopolitan reported. The buying comes as corporate bitcoin purchases have generally slowed. Strive said SATA pays dividends every business day with an annual dividend rate of 13.00 percent. Analysts warned the cycle depends on market confidence, while the company reported a second-quarter GAAP net loss of $257.6 million.

Crypto

Bitcoin\'s $80,000 rebound backed by $2.23 billion inflows, not short squeeze

Bitcoin’s rebound was supported by cash inflows of more than $2 billion rather than speculative leverage, according to the article. U.S.-listed spot bitcoin ETFs absorbed $2.23 billion during the recent surge without a single day of net outflows. Despite a spike in short liquidations, futures open interest fell and funding rates stayed near neutral. Analysts highlighted liquidity channels and rising stablecoin supply, while identifying $81,000 to $86,000 as the next key range.