Strategy Shift? MicroStrategy Sells Millions in Shares but Halts Bitcoin Buying

Bitcoin is currently testing its recovery strength after reclaiming the crucial $66,000 level, with the $67,000 resistance zone acting as the primary battlefield for bulls. This pivotal moment in the Bitcoin price prediction cycle will decide if the momentum is sufficient to sustain a long-term uptrend.

Evidence of a Wyckoff re-accumulation phase has emerged, signaling that institutional players may be absorbing supply before a major breakout. Should Bitcoin successfully breach current resistance, technical indicators point toward a massive rally targeting the $85,000 mark.

BitMine is closing in on a historic milestone in the crypto landscape. The company is now just $484 million away from completing its massive target of controlling 5% of the total Ethereum supply, marking a significant shift in institutional accumulation of ETH.

Management has indicated that while the pace of acquisition will slow down to manage market impact, the company's momentum remains strong. Following a recent purchase of over 7,400 tokens, BitMine now holds 5,777,468 ETH, positioning itself as a dominant force within the Ethereum ecosystem.

A major leadership shift is underway at Twenty One Capital as co-founder Jack Mallers officially steps down as CEO. Having steered the firm through its high-profile NYSE debut via a merger with Cantor Equity Partners, Mallers hands the reins to director Raphael Zagury, marking a pivotal moment for the firm's executive structure.

This transition comes as the company manages a massive $2.9 billion Bitcoin treasury, highlighting the growing institutionalization of digital assets. The departure of a key figure like Mallers, who was instrumental in the company's successful IPO, will be closely watched by investors monitoring the intersection of Bitcoin and traditional equity markets.

A major security breach has struck the Ostium protocol, where an exploit targeting oracle keys led to a staggering loss of approximately $18 million. In an immediate response to the crisis, the platform has halted all trading activities to prevent further drainage of liquidity and secure the remaining ecosystem.

This exploit highlights the growing systemic risks associated with oracle vulnerabilities within the decentralized finance (DeFi) sector. As the industry reacts to the $18M loss, the focus shifts to the long-term implications for protocol security standards and the immediate recovery efforts for affected stakeholders.

Russia's parliament has officially passed a new crypto market law, introducing a strict $3,800 annual cap on retail investments. This legislative move marks a significant shift in how the Kremlin intends to manage digital assets within its borders, balancing individual participation with state-level strategic goals.

While Bitcoin remains unavailable for everyday consumer purchases, the law provides a critical loophole for corporations to utilize digital tokens to bypass international sanctions. By integrating blockchain technology into its economic defense, Russia aims to navigate global trade hurdles and maintain financial connectivity despite mounting geopolitical pressures.