on-chain
Arkham data shows ~3,800 BTC and 30,007 ETH — from the Ryan Farace, BTC-e and Brian Krewson cases — reached Coinbase Prime on July 13, testing the Strategic Bitcoin Reserve no-sell posture.
protocol
Strategy's June 29 8-K introduces a Digital Credit Capital Framework with $2B in buybacks, a $2.55B USD reserve floor, a 12% STRC dividend, and up to $1.25B in bitcoin sales.
regulation
On June 11, Japan's House of Representatives passed the FIEA amendment reclassifying crypto as financial instruments. Flat 20% tax (vs 55%), insider-trading ban, spot ETF path. Upper House next.