In partnership with

Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Strategy Multi-Billion Dollar Loss: Strategy faces an unrealized loss of over $11 billion on its hoard of 840,000 BTC.

2. Arthur Hayes Exits HYPE and NEAR: BitMEX co-founder Arthur Hayes has completely liquidated his Hyperliquid (HYPE) and Near Protocol (NEAR) positions to lock in profits.

3. Coinbase’s SpaceX Perpetual Futures: Coinbase has launched USDC-settled perpetual futures contracts tied to the private market valuation of Elon Musk's SpaceX.

4. 💡Feature of the Day - Mastercard Expands Stablecoins Settlement: Mastercard has integrated regulated stablecoins like USDC and PYUSD into its global settlement infrastructure.

   
   All this and more in today’s headlines!

Trade What BTC Does Next — Not Just Whether You Own It

Crypto never sleeps, and neither does Kalshi. Trade whether BTC ends the day above $100K, whether ETH pumps in the next hour, or whether the market closes green this week. No wallets, no gas fees, no exchange risk — just your read on the market. Institutional volume is up 800% in six months. There's a reason the smart money is here.

Trade $10, get $10 free to start.

Start Trading Crypto Markets

_{Trade responsibly.}

📰 News Highlights:

Strategy Multi-Billion Dollar Unrealized Loss [Source][Source][Source]

The absolute fragility of using a volatile digital asset as a corporate treasury anchor has been laid bare as Strategy faces a staggering unrealized loss of over $11 billion. With a massive hoard of over 840,000 BTC, the firm's reserve dashboard has plunged into a deep paper deficit after Bitcoin prices dipped below their average acquisition cost.

True to form, Michael Saylor is completely dismissing the downturn, stubbornly maintaining that this brutal paper loss is merely a temporary capital rotation into AI infrastructure rather than a flaw in his treasury model. Market analysts are aggressively split on the fallout, though some notes indicate that wild fluctuations in the company’s preferred stock (STRC) are simply par for the course for such an experimental instrument.

Despite the current bloodbath, financial researchers at Standard Chartered suggest that this treasury volatility might actually signal an impending market bottom. Historical accumulation cycles show that Strategy has a habit of executing massive buy orders shortly after periods of asset reallocation.

If the organization follows its established playbook and steps in to neutralize the current weekend selling pressure, its re-entry could establish a firm price floor. Until those buy orders actually hit the ledger, however, the company remains heavily exposed to a punishing paper deficit that serves as a warning label for corporate crypto adoption.

Arthur Hayes Exits HYPE and NEAR Positions [Source][Source][Source][Source][Source]

In a swift and unceremonious about-face, BitMEX co-founder Arthur Hayes has completely liquidated his holdings in Hyperliquid (HYPE) and Near Protocol (NEAR). This aggressive capital flight represents a total destruction of his previously bullish, sky-high price targets for both prominent altcoins.

On-chain data has officially confirmed the sales, marking a stark shift in tone from an investor who was recently wagering that these specific assets would heavily outperform the broader market leaders. Hayes explicitly stated that he is moving to lock in profits now, firmly anticipating a macro market peak well before the autumn months roll in.

This sudden defensive pivot is heavily driven by real-world macro anxieties, specifically rising energy costs tied directly to intensifying Middle East geopolitical tensions. Furthermore, Hayes is sounding the alarm on a massive liquidity drain as a wave of high-profile artificial intelligence initial public offerings prepares to hit traditional equity markets.

Digital asset traders are closely watching prediction markets to gauge the exact timing of listings from tech titans like OpenAI and SpaceX.

There is a palpable fear throughout the second half of 2026 that these monster AI IPOs will act as a liquidity black hole, completely sucking vital capital right out of the cryptocurrency ecosystem.

Coinbase’s SpaceX Perpetual Futures [Source][Source][Source][Source]

Coinbase is aggressively rewriting the rules of pre-IPO speculation by launching an innovative line of trading products linked directly to private market valuations. The inaugural offering features a perpetual futures contract tied directly to the estimated valuation of Elon Musk's SpaceX, a dominant titan in satellite and transport technology.

Settled entirely in USDC and operating on a 24/7 basis, this synthetic tool allows eligible non-US users to gain direct price exposure to the space firm's performance. It is a brilliant distribution play that unlocks high-value private equity valuations that have historically been trapped behind the walled gardens of venture capital and elite institutional circles.

This launch signals a fierce, accelerating trend among top-tier digital asset platforms to aggressively capture market share through real-world asset tokenization. Coinbase is diving headfirst into an intense competitive landscape where rival crypto exchanges are scrambling to roll out fractional, tokenized access to pre-listing businesses.

While this synthetic market segment is still finding its footing and maturing, the massive global demand for pre-IPO exposure is undeniable. By transforming traditionally illiquid private equity into an everyday trading commodity, Coinbase is successfully differentiating its global service offerings in a crowded market.

💡 Feature of the Day: 

Mastercard Expands Mainstream Stablecoins Settlement [Source][Source][Source][Source]

Mastercard is executing a massive operational upgrade by embedding regulated stablecoins directly into the plumbing of its global settlement infrastructure. This systemic shift allows card issuers and financial institutions to use tokenized dollars like USDC and PYUSD to clear card transactions seamlessly.

By enabling on-chain settlement alongside traditional fiat rails, the payment giant is giving its global partners unprecedented liquidity flexibility to manage funds over weekends, holidays, and regular business days. Backed by newly acquired digital asset business licenses in key financial markets, Mastercard is building a highly secure, legally compliant foundation for mainstream on-chain settlement.

The architecture is explicitly built to be blockchain-agnostic, supporting a wide range of assets across diverse networks including Ethereum and Solana. This evolution in payment processing mirrors an industry-wide scramble where major legacy competitors are forcing stablecoins into their networks to achieve near-instant speeds and eradicate operational overhead.

As these digital-dollar solutions become deeply institutionalized, the traditional remittance and cross-border payment sectors are bound to see radical efficiency gains. Mastercard’s multi-network rollout is a definitive acknowledgment that the historic delays hindering global value transfer are officially a thing of the past.

😂 Crypto Meme of the Day: 

Meme of the day provided by @Financial_Hyena

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com