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Michael Saylor: Strategy and Strive, as Bitcoin treasury companies, are not in zero-sum competition and can jointly expand the digital credit market

Founder of Strategy Michael Saylor posted that he hopes Strive and all well-managed "Bitcoin-driven digital credit" issuers achieve success.Strategy is built on the same foundation as Strive: BTC belongs to digital capital, STRC and SATA belong to digital credit, and MSTR and ASST belong to digital equity. The securities structures and decisions of both parties are independent, although they will compete for individual capital allocations, they can also jointly expand long-term market opportunities.Saylor cited SIFMA data stating that by the end of 2025, the global stock market value will reach $157.8 trillion, and the fixed income debt balance will reach $160.7 trillion, with 0.1% of either market being approximately $160 billion.He proposed a threefold amplification mechanism: corporate financing to purchase supply-constrained Bitcoin can increase demand and improve the asset coverage of related companies; more issuers launching digital credit products can accumulate research, trading, and liquidity foundations, reducing the premium investors demand due to unfamiliarity, and potentially narrowing credit spreads and financing costs; more companies proving that this model can operate in different market environments may enhance market recognition of digital equity.He also emphasized that a single purchase does not guarantee Bitcoin appreciation, Bitcoin itself does not pay interest, and the profit margin between long-term asset returns and financing costs must be obtained through disciplined management; more issuers will not automatically lead to higher valuations.This model depends on a robust capital structure, prudent liquidity, transparent disclosure, and useful products. Weak issuers may undermine confidence in the entire category, while more credible issuers can meet institutional diversification investment needs and attract funds that would not otherwise enter the category.

Institutional capital inflow coexists with market deleveraging, Gate continues to expand multi-asset trading capabilities

According to Gate's latest institutional weekly report, from September 21 to 27, the decline in oil prices and the easing of trade risks provided some support for U.S. stocks and crypto assets. However, the yield on the U.S. 10-year Treasury bond broke above 5%, and the high interest rate environment continues to put pressure on the valuations of risk assets. In terms of capital, the weekly net inflows for BTC and ETH ETFs were approximately $2.386 billion and $690 million, respectively, while the supply of stablecoins increased by about $1.59 billion, indicating a rebound in institutional capital and on-chain liquidity.The market trading structure remains differentiated. The weekly trading volume on Gate TradFi is about $100 billion, maintaining a high level overall; on-chain funds are further concentrated in structural opportunities such as USDC and SOL LST. In the derivatives sector, BTC rose 4.06% weekly, but the open interest across exchanges decreased by 12.81%, with funding rates turning negative temporarily, and options open interest significantly contracting, indicating signs of deleveraging in the market as prices rebound.Against the backdrop of continuous changes in capital flows and market structure, Gate institutions are continuously improving the multi-asset trading system, covering spot, contracts, stocks, ETFs, options, and other TradFi assets. They are also promoting API trading, cross-platform execution, and settlement collaboration based on infrastructures like OES and CrossEx, providing support for institutions to participate in cross-market trading and diversified asset allocation.

first_img Satellite communication company Space Network signs a $50 million pre-purchase in the Philippines

Satellite communication infrastructure company Space Network has signed a binding pre-purchase agreement worth $50 million with Philippine infrastructure company HQ Company International Holdings to provide satellite connectivity to the Philippines through the low Earth orbit satellite network Freeport. The signing ceremony was held at SKY 31 in Seoul, attended by Space Network CEO Tae Lim Oh and HQ Company CEO Yongsoo Samuel Cho.According to the agreement, Space Network will provide access to the Freeport network, technical hardware, software, and ongoing engineering support, while HQ Company will be responsible for local sales, customer acquisition, spectrum authorization, and regional service implementation. Cho is the son-in-law of former Philippine President Fidel V. Ramos and has long been engaged in cross-border investment and infrastructure business in the Philippines. This agreement adds to the $100 million agreement signed by Space Network with Vietnam's DETI Technology in June 2026, bringing the total commercial pre-purchase amount to $150 million.Freeport is built and operated by Space Network, currently featuring 4 low Earth orbit satellites, with plans to expand to approximately 230 satellites by the time commercial services launch in 2029. Operators can purchase regional capacity and build their own services on the open network, with nodes settling through on-chain contracts. The related project Spacecoin combines blockchain protocols with low Earth orbit satellites for service pricing and payments within the network.

first_img Cryptocurrency payment company MoonPay established a subsidiary in South Korea, collaborating with three banks

Cryptocurrency payment company MoonPay announced the establishment of MoonPay Korea and is collaborating with South Korea's digital bank KakaoBank, commercial bank Woori Bank, and KB Financial Group to expand stablecoin payments and digital asset services in South Korea. MoonPay Korea will be responsible for local service development and will serve as the company's base for expansion in Asia. MoonPay's Asia-Pacific head Bugeon Lee stated that the stablecoin backed by the Korean won is expected to expand the coverage of South Korean financial institutions and provide new cross-border transaction methods for businesses, as the company hopes to build relevant infrastructure in South Korea with banking partners.The collaboration with KakaoBank focuses on blockchain-based overseas remittances, cross-border payments, and multi-currency stablecoin services. The two parties plan to initially conduct a proof of concept aimed at international students, testing the complete process of initiating transfers from South Korea, transferring via stablecoin, and converting to US dollars for deposit into a US bank account. The collaboration also covers the issuance and distribution of won-pegged stablecoins, payment settlements, as well as trading, custody, and conversion of stablecoins denominated in won, US dollars, yen, and others, with access to MoonPay's global distribution and payment network supported by assets and regions.MoonPay will collaborate with Woori Bank to provide global distribution for future won-pegged stablecoins and validate the cross-border payment settlement model for local businesses based on stablecoins. The partnership with KB Financial Group will explore card payments, global remittances, wallet custody, and stablecoin usage for individuals, institutions, and foreigners in South Korea. Founded in 2019, MoonPay claims to serve over 30 million customers in approximately 180 countries and supports more than 1,700 business clients.
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