Strategy, Inc. (formerly MicroStrategy) sold 2,732,318 shares of MSTR common stock via its at-the-market program between July 13 and July 19, raising $263.5 million and adding $225 million to its USD Reserve. The company said the proceeds were allocated to the dollar reserve used to prioritize preferred-share dividends and debt obligations, bringing the USD Reserve to $3.225 billion as of July 19. Strategy also confirmed it did not use its Bitcoin holdings and still holds 843,775 BTC.

Beijing-based AI lab Z.ai released its GLM-5.2 model on June 16, saying it delivers performance close to Claude Opus 4.8 across several open benchmarks while being trained entirely on Huawei Ascend chips, with no Nvidia hardware. The company has leaned harder into domestic computing after being added to the U.S. Entity List in January 2025. Its shares rose 90% over the past week to a record high.

美联储维持利率不变但上调年底联邦基金利率中值至3.8%，明确强调‘将实现价格稳定’，释放鹰派信号。会议提及中东冲突带来的能源供应冲击，但未提供政策宽松路径。市场对7月加息概率升至18%。文中明确提及Oil与Coinbase，前者受高利率压制需求预期及美元计价压力，后者作为加密生态核心上市平台，对利率高度敏感。

Illinois is poised to begin taxing Bitcoin and other crypto transactions through both income and sales taxes, positioning itself as the first U.S. state to broadly tax on-chain and off-chain crypto activity, according to Decrypt. The policy requires taxpayers to self-report gains from crypto purchases and sales. It also treats crypto payments as taxable sales transactions. Critics have labeled it the country’s “most punitive” crypto tax, while the state has yet to publish an exact effective date or detailed implementation rules.

Coinbase said at a Tuesday event that it will roll out stock and crypto options trading, 1:1-backed tokenized U.S. equities, and tools to move existing stock portfolios onto its platform as it pursues an “everything exchange.” The company also outlined additions including borrowing against staked Solana and other consumer and derivatives features. BenchmarkStoneX reiterated a $270 price target for COIN on Wednesday, about 60% above Tuesday’s close above $169, according to Managing Director and Senior Research Analyst Mark Palmer.