strike

The founder of the Bitcoin payment application Strike, Jack Mallers, posted on the X platform to respond to the adjustment of the margin call policy. He stated that the Strike loan mechanism will not fully liquidate Bitcoin collateral. When the loan falls below the maintenance margin level, the platform will only conduct partial liquidations to restore the loan to approximately 65% of a healthy loan-to-value (LTV) ratio.Jack Mallers added that this mechanism is designed to protect users' Bitcoin assets as much as possible while maintaining loan health and to give customers and Bitcoin prices more time to recover. Based on this mechanism, the liquidation ratio of Strike's overall loan book remains in the low single-digit range of the total outstanding loans, approximately 1%--3%.

Strike founder Jack Mallers posted, "Bitcoin is not a software company. The reason it trades like a software stock is that many holders do not truly understand it. This pullback is indeed painful, but it may be clearing out the 'software capital' that is leveraged, allowing Bitcoin to be priced and traded according to its 'hard currency' attributes. Hold on. Buy the dip (BTFD). No one knows where the price will go, but based on historical data, if you believe Bitcoin won't drop to zero, then now is a good time to start dollar-cost averaging."

According to official news, Strike reported experiencing an unusually high volume of traffic, causing the Bitcoin payment network to temporarily collapse. The service has now fully resumed.

According to Lookonchain monitoring, 4 newly created wallets on Polymarket predicted "the U.S. will strike Iran before January 31, 2026," and have not made any other predictions.

According to Lookonchain monitoring, the "66k ETH lending whale" that previously spent 1.5 billion dollars to purchase 489,696 ETH has increased its position again during the market correction.In the past 8 hours, it borrowed 85,000,000 USDT from Aave, transferred it to Binance, and withdrew 38,576 ETH, valued at approximately 119.3 million dollars at the time.

According to Theblock, Strike's CEO Jack Mallers stated that JPMorgan closed his account without warning, citing concerning activity in his account. Reports indicate that Mallers' experience has raised questions in the market about whether the so-called "Biden-era crackdown 2" is still in effect. This once again highlights the issue of de-banking faced by the cryptocurrency industry, as traditional financial institutions may still be continuing their restrictive measures against cryptocurrency-related businesses.

The founder of the Bitcoin payment app Strike, Jack Mallers, posted on the X platform in response to the recent decline in the Bitcoin market. He stated that investors need to understand that what is truly collapsing is not the assets but the currency. Bitcoin is the only market that honestly reflects this. The record-high gold prices indicate that the fiat currency system has collapsed. Bitcoin acts like a liquidity alarm; buy the dip because the problem lies with the currency.

According to Jinshi reports, the U.S. Department of Justice has announced the establishment of a new "Fraud Center Strike Force" aimed at combating the surge of cryptocurrency investment fraud initiated by transnational criminal organizations operating in Southeast Asia. The department stated that this interagency task force will investigate, disrupt, and prosecute the most egregious fraud schemes, which are estimated to defraud Americans of nearly $10 billion each year. Criminal networks operate these schemes from camps in Cambodia, Laos, and Myanmar, with fraud revenues potentially accounting for nearly half of the local GDP in certain areas.

ChainCatcher news, Jack Mallers, the founder of the Bitcoin Lightning Network payment company Strike, posted on the X platform stating that Bitcoin is the most sensitive to liquidity and will lead the market rebound. Traditional financial markets will face issues such as widening interest rate spreads and pressure on banks, while Bitcoin is playing a role.Bitcoin is not meant to hedge against the financial system, but to replace it; this is not a "trade," but a transition. Bitcoin has no ceiling because fiat currency has no floor, so the simplest way is to buy Bitcoin.It is reported that Jack Mallers has joined the Bitcoin company Twenty One, supported by Tether, as its CEO. The company has received backing from stablecoin issuer Tether, SoftBank Group, and Wall Street investment bank Cantor Fitzgerald. The company's charter explicitly states that it will focus on accumulating Bitcoin assets, and its current holdings have exceeded 40,000 BTC.

ChainCatcher news, according to the official announcement, Binance Alpha is the first platform to launch StrikeBit AI (STRIKE), with Alpha trading starting on October 1, 2025, at 08:00 (UTC).After trading begins, users with at least 180 Binance Alpha points can claim an airdrop of 1,000 STRIKE tokens, on a first-come, first-served basis. If the reward pool is not fully distributed, the points threshold will automatically decrease by 15 points every hour.Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm the claim on the Alpha activity page within 24 hours, or it will be considered forfeited.

ChainCatcher message, according to the official announcement, Binance Alpha will launch StrikeBit AI (STRIKE) on October 1. Eligible users can go to the Alpha event page to claim the airdrop using Binance Alpha points after the Alpha trading opens. Further details will be announced separately.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform that GSR submitted new applications for the DAT ETF and Crypto Strikemax ETF, with consulting provided by Tuttle.

ChainCatcher news, Bitcoin ecosystem payment company Strike founder Jack Mallers responded on the X platform to Ethereum co-founder Joseph Lubin's earlier view that Ethereum would disrupt Bitcoin's monetary foundation. He stated that Ethereum cannot surpass Bitcoin because Bitcoin is money, representing a $5 trillion opportunity, while Ethereum is a technology, at best a budding tech company, and the two cannot be compared.Jack Mallers specifically pointed out that it is important to note that Joseph Lubin and his team once had 100% of the ETH supply, which stands in stark contrast to Bitcoin, as even Satoshi Nakamoto could not pre-mine; every Bitcoin is earned through proof of work, linked to real-world value and income.

ChainCatcher message, according to Deribit data, the strike price with the highest concentration for Ethereum call options expiring on December 26 is $6000. Additionally, the Ethereum options market also reflects an optimistic sentiment, with an overall put-to-call ratio of 0.39.Sean McNulty, Head of Derivatives Trading for the Asia-Pacific region at FalconX Ltd's digital asset prime brokerage, stated that the inflow of funds into Ethereum shows a strong shift in positive sentiment compared to Bitcoin. This shift is attributed to the massive influx of capital into spot exchange-traded funds, the increasing adoption of corporate digital asset treasury management, and the broader support from the stablecoin market.

ChainCatcher news, according to the official announcement, South Korean cryptocurrency exchanges Upbit and Bithumb will delist STRIKE on August 21 at 15:00 local time.

ChainCatcher news, Bithumb announced that, according to the decision of the Digital Asset Exchange Association (DAXA), STRIKE has been designated as a trading warning project.Due to deficiencies in the disclosure of important matters and flaws in investor protection measures and response processes, it has been listed as a trading warning project. Starting from July 4, 2025, 16:00 (Korean Standard Time), the recharge service for STRIKE will be suspended.