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Cardano (ADA) price is up by 1.25% today, August 6, to trade at $0.194 at the time of writing. The gain comes despite a 33% decline in ADA futures trading volumes and a fall in Cardano's DeFi Total Value Locked (TVL) to its lowest point since 2023.

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Strategy Inc.'s (NASDAQ:MSTR) transactions are part of disciplined capital management rather than a change in its long-term Bitcoin (CRYPTO: BTC) strategy, according to CEO Phong Le. Why Strategy Started Selling BTC In its Q2 earnings call, Le said Strategy intends to monetize portions of its Bitcoin holdings for three primary reasons: To build its U.S. dollar reserve to as much as $5 billion.

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XRP is under downside pressure again as of August 6, as institutional demand weakens and uncertainty surrounding U.S. crypto regulation continues to weigh on investor confidence.

 

Stellar (XLM) and XRP is often compared as potential beneficiaries of institutional tokenization and settlement.