Weekly digest: Strategy resumes Bitcoin buys, SEC pushes CLARITY Act, Russia crypto law effective, 21 institutions form stablecoin issuer, Binance launches U.S. stock/ETF options, LSE tokenized stocks advance, projects spend $638M on buybacks.
DeFi & Yields ·
Strategy has resumed buying Bitcoin, with the company's chief executive framing the acquisition approach around cost of capital rather than price movements and pointing to a net debt reduction alongside $7 billion in reserves. Meanwhile, regulatory and international developments included SEC Chair Paul Atkins calling on lawmakers to pass the CLARITY Act and Russia implementing its new cryptocurrency legislation.
The week brought several infrastructure and product expansions across the sector. A consortium of 21 financial institutions worldwide initiated steps toward launching a stablecoin issuer, Binance rolled out U.S. stock and exchange-traded fund options targeting users outside the country, and the London Stock Exchange moved forward with initiatives for tokenized equities.
Token buyback activity remained elevated, with crypto projects allocating $638 million to repurchasing native tokens through the year to date. The precise breakdown of which projects executed these purchases and the timing distribution across the year remain unspecified in available reports.