Bonk Guy calls to buy USELESS again: SOL surges sharply, potentially driving USELESS higher.

Backpack announced in a post that it has now launched cash dividend functionality for stocks and ETFs, with eligible dividends directly credited to user accounts.

U.S. stock index futures rose as oil prices and U.S. Treasury yields pulled back from their recent sharp gains, with markets awaiting key data on inflation expectations. Subadra Rajappa, head of U.S. research at Societe Generale, said: "Stocks remain relatively resilient, and we’re not really seeing any meaningful tightening in financial conditions right now." Two major factors weighing on stocks this week eased early Friday. The yield on the 10-year U.S. Treasury note edged lower after surging on Wednesday and Thursday. Meanwhile, oil prices fell overnight as the U.S. and Iran negotiate a phased deal that could lead to the reopening of the Strait of Hormuz and the lifting of Washington’s sanctions on Iranian ports. Tom Essaye, founder of The Sevens Report, wrote in a client note that Friday’s oil price drop and Treasury yield pullback "provided relief for investors."

SomaXBT, a contributor to crypto non-profit Security Alliance, stated in a post that Circle has frozen 100,000 USDC from an address linked to stolen Bitget funds, which also holds around 218,000 USDT. The community has since called on Tether to follow up on the freeze procedures. Per prior disclosures, this address is a "three-hop" linked address to Bitget’s initial stolen funds address, and remained untouched for over 2.5 hours after being detected. Crypto KOL tanuki42 launched a "Circle vs Tether" tracking initiative at the time, asking which of the two firms would freeze the relevant assets first. So far, Circle has taken the lead in freezing the USDC in the address, while it remains to be seen whether Tether will freeze the remaining ~218,000 USDT.

Strategy founder Michael Saylor stated in a post that the firm plans to adjust the dividend mechanisms for STRF, STRC, STRK, and STRD, proposing to accrue dividends daily—including weekends and holidays—and pay them on the next business day. Saylor added that the proposed change will not alter the economic terms of the relevant securities, with the main objective being to enhance price stability, liquidity, and market demand.

As Bitcoin (BTC) recently rebounded to around $85,000, holders have started taking profits, but the volume of realized profits is significantly lower than during previous market peaks. Data shows BTC holders have accumulated roughly $2.4 billion in realized profits recently, while daily realized profits typically hit $7 billion to $10 billion during past market peaks. BTC has risen approximately 44% so far this quarter, hitting a peak near $85,000, marking its best quarterly performance since Q4 2024, after three consecutive quarters of declines. Meanwhile, U.S. spot Bitcoin ETFs have seen a combined net inflow of around $2.84 billion over the past six trading days, exceeding BTC holders' realized profits in the same period; year-to-date, the ETFs' cumulative net inflow has also turned positive at roughly $800 million. Ethereum (ETH) has also shown signs of capital outflow from exchanges: around 410,000 ETH has been moved out of trading platforms over the past month, while U.S. spot Ethereum ETFs have attracted a combined $680 million in net inflows over the past four trading days. Following the $452 million Bitget hack, BTC, ETH and other major crypto assets have not shown significant signs of weakening so far. Meanwhile, U.S. Treasury yields and the U.S. Dollar Index have temporarily slowed their rally, but crude oil markets remain highly volatile due to news related to U.S.-Iran tensions.

Barclays has warned that rising bond yields are eroding stocks' relative attractiveness, with the extra yield stocks offer over bonds now near multi-decade lows, putting the U.S. stock market close to a "tipping point". The bank noted that while corporate earnings remain resilient and AI-driven growth continues to provide support, oil prices breaking the $100 per barrel mark and major global central banks re-tightening monetary policy are elevating market risks. Barclays still maintains an "overweight" rating on stocks, but expects market volatility to persist ahead of the third-quarter earnings season, as investors will focus on assessing how high bond yields the stock market can withstand.