CEO Phong Le potvrdil, že Strategy zůstává odhodlaná dál nakupovat Bitcoin i přes dluh. Rizika by začala řešit až při ceně Bitcoinu 8 000 až 10 000 USD.
In a recent statement, Strategy Inc. CEO Phong Le reaffirmed the company’s dedication to remaining a major Bitcoin purchaser despite existing debt concerns. Le highlighted that the company would only start evaluating risks associated with its debt if Bitcoin’s value fell to a range of $8,000 to $10,000. This statement underscores Strategy’s confidence in its financial stability and its commitment to its Bitcoin strategy. As the world’s largest corporate Bitcoin holder, Strategy Inc. currently holds 843,738 Bitcoin, valued at approximately $69,000 per coin. The company’s robust balance sheet appears to reassure market participants, even as the firm navigates significant debt obligations.
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Key Takeaways Strategy’s CEO Phong Le’s statement appears to reinforce the company’s ongoing commitment to Bitcoin purchases, with a focus on financial resilience. The company’s current financial position suggests it could cover its $6 billion debt even if Bitcoin prices dropped significantly. Market pricing implies a stable outlook for Strategy’s Bitcoin strategy, with no immediate debt-related concerns unless Bitcoin drops sharply. What to Watch Market participants will be closely observing any fluctuations in Bitcoin prices, specifically any movement toward the $8,000 to $10,000 range, as this could impact Strategy’s financial strategy. Additionally, any announcements from Strategy regarding further Bitcoin acquisitions or changes in financial strategy could influence market sentiment. The company’s financial health and Bitcoin strategy remain pivotal indicators for the future trajectory of its stock price, particularly as the December 31 deadline for STRC hitting $100 approaches.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 46% — — View market → September 30 24.5% — — View market →
Galaxy Digital Head of Research Alex Thorn stated that between 2024 and 2025, a significant volume of long-dormant Bitcoin (BTC) was reactivated and transferred on-chain, with the activity’s scale second only to 2017. He noted that the "Great Distribution" phase driven by this wave of old BTC reactivation has now largely concluded, and it is projected that the number of BTC reactivated in 2026 will be less than half of the 2025 figure.
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Japonsko schválilo reformu, která zakazuje insider trading s kryptoměnami a navrhuje jednotnou daň 20 % pro individuální investory. Nový rámec se má vztahovat na zhruba 105 digitálních aktiv a má také usnadnit schvalování Bitcoin a krypto ETF.
Japan has given its approval to a new reform of its digital currency laws as lawmakers enacted digital assets into the country’s financial markets regulatory system. The reform will implement stricter requirements for the industry such as a prohibition on insider trading and a tax cut for crypto. Moreover, it increases the possibility for Bitcoin, crypto ETFs to be launched in the future.
Japan Advances Major Crypto Bill Reform The law classifies cryptocurrencies more as an investment product than a payment product and places them under the Financial Instruments and Exchange Act (FIEA). The Japanese crypto bill was passed by the lower house in mid-June following approval of the proposal by the Cabinet on April 10, 2026. It will go through the upper house and be expected to complete the remaining legislative process in 2027.
The new framework will apply securities-like regulations to about 105 digital assets. Periodic disclosures will have to be made by the token issuers and there will be increased compliance requirements throughout the market. Authorities have also tightened up on explicit bans on insider trading in crypto assets.
Penalties for dealing unlawfully with the market have been raised to higher levels. Violations will be punished by an increase in max prison time from three years to 10 years. Fines will also be raised, up to 10 million yen from 3 million yen.
The reforms also include changes to crypto taxation. At this moment, digital asset trading profits are considered miscellaneous income and tax rates can reach as high as 55%. The government has proposed to replace the current tax system with a new flat tax at rate of 20% for individual investors. If approved by law, the tax changes will go into effect in 2028.
Bitcoin ETF Approval Soon? Previously, Finance Minister Satsuki Katayama has stated that the reforms will enhance investor protection and facilitate capital formation, while keeping financial markets fair.
According to the new classification, the regulation of Bitcoin and crypto ETFs in Japan should become easier as well. The revised framework may facilitate the approval of products like Yen denominated Bitcoins ETF in the future. There are already over 12 million verified crypto users in Japan with approximately $34 billion in crypto assets held under domestic custody.
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XRP během sledované seance vzrostl o 3,45 % na 1,10 USD. Zároveň senátorka Cynthia Lummis uvedla, že upravený návrh CLARITY Act může být předložen během několika dnů.
XRP price rose 3.45% to $1.10 during the reported session, following renewed strength across the cryptocurrency market.
The XRP token surged past $1.10 as buyers responded to the increasing stablecoin operations on the XRP Ledger. The supply of RLUSD has gradually migrated to XRPL, which has contributed to higher network usage and transaction demand expectations.
Meanwhile, legislators in the United States are working on another significant effort to promote digital asset market structure law. Senator Cynthia Lummis said revised CLARITY Act text could be introduced within days after nearly ten months of negotiations.
CLARITY Act Faces Crucial Senate Test Lummis said lawmakers are ready to move the proposal forward during four consecutive Senate working weeks. She would like the bill enacted prior to the start of the August 7 recess of the chamber.
Nevertheless, the ultimate floor schedule is determined by Senate Majority Leader John Thune. It is reported that the lawmakers might start discussing the bill next week, July 20.
Lummis says CLARITY text lands in days
Senator Lummis (@SenLummis) says the Senate will introduce CLARITY Act text within days and wants it passed before the August 7 recess. “It’s time to land this plane,” she said on Fox Business, capping nearly 10 months of work. Floor action… pic.twitter.com/57k9UxU1Jc
— BSCN (@BSCNews) July 14, 2026
The measure faces growing resistance from Democratic Senators Chris Murphy, Jeff Merkley, and Chris Van Hollen. According to them, the current proposal is deficient in the form of powerful rules of ethics to deal with the senior government officials and cryptocurrency interests.
Their protests are partly related to the reported crypto income and business ties of President Donald Trump. The senators warned that they might be able to vote against the bill unless significant conflict protections are included.
Democratic support is critical to the eventual passage of the bill as it may require 60 votes in the Senate. Additional contention may paralyze the floor procedure or force additional deliberations prior to a vote of decisiveness.
XRP Price Prediction: Will Bulls Extend To $1.20 Soon? The MACD line has crossed its signal line, and the green histogram bars are still growing. The Chaikin Money Flow is 0.14, which validates positive capital inflows.
A confirmed four-hour close above $1.12 could push the XRP price outlook toward the $1.15 resistance level.
Tradingview A Breaking $1.15 can allow a greater climb into the larger target of $1.20. Nevertheless, the next rejection at around $1.12 might postpone the bullish continuation and prolong the consolidation.
The $1.07 level remains the main support during any pullback. The loss of this area might reveal $1.05 and weaken the existing recovery structure.
XRP ETF Market Stalls Daily While Total Inflows Hit $1.48B According to SoSoValue data, XRP ETF products showed no net inflows in terms of daily net inflows on July 14. But cumulative net inflows were still high at 1.48 billion in the listed funds. The total trading value was the amount of 13.47 million, and combined net assets were 1.01 billion.
Bitwise led cumulative inflows with $493.86 million, followed by Canary Capital at $466.97 million. Franklin Templeton was the second with $413.23 million and Grayscale had 131.46 million.
According to SoSoValue data, spot Bitcoin ETFs recorded $181 million in net inflows yesterday (July 14, ET). Spot Ethereum ETFs saw $58.3385 million in net inflows, with none of the 10 ETFs recording net outflows. pic.twitter.com/AUMWhkHPD6
— Wu Blockchain (@WuBlockchain) July 15, 2026
Meanwhile, 21Shares showed cumulative net outflows of $20.06 million. The same session saw higher demands of crypto ETFs. Spot Bitcoin ETFs received inflows of $181 million and Ethereum funds received inflows of $58.34 million. None of the ten Ethereum ETFs reported daily net outflows.
Sněmovna poradců japonského parlamentu schválila změnu zákona, která řadí Bitcoin, Ethereum, XRP a další kryptoměny mezi finanční produkty místo platebních nástrojů. Otevírá tím cestu pro spotové krypto ETF a nižší zdanění zisků.
Japan’s House of Councillors passed an amendment to the Financial Instruments and Exchange Act, which officially recognizes cryptocurrencies as financial products rather than payment tools.
With this, the country is now planning to cut crypto taxes from 55% to 20% and open the door to Bitcoin ETFs.
Japan Moves Crypto Under Financial Product RulesJapan’s parliament has officially passed a landmark law amendment reclassifying cryptocurrencies as “financial assets.” Until now, cryptocurrencies have been mainly regulated under the Payment Services Act as a payment method.
Under the new law, Bitcoin, Ethereum, XRP, and other cryptocurrencies will be classified as financial products under the Financial Instruments and Exchange Act (FIEA), bringing them closer to stocks and other investment assets.
The new law also clears the way for spot crypto ETFs in Japan.
Regulators are aiming to launch them on the Tokyo Stock Exchange by 2027 or 2028, while major firms like Nomura Holdings and SBI Holdings are already preparing crypto ETF products.
List of Changes Under the New LawThe new framework introduces several rules that already apply to traditional financial markets. These include,
Insider trading ban: Trading using non-public information will be strictly prohibited.Annual disclosures: Token issuers must publish annual operational and financial disclosures.Strict penalties: Violators face up to 10 years in prison or 10 million Japanese yen fines.Retail investment cap: High-risk tokens will have a 2 million Japanese yen retail investment limitBigger Fines and Lower Crypto TaxesThe new law also brings stricter rules for the crypto industry. However, the maximum jail term for running an illegal crypto business will increase from three years to 10 years.
And the maximum fine will also increase from 3 million yen to 10 million yen, approximately $18,500 to $61,600. The government says these changes will help make the crypto market safer and protect investors.
Along with the bill, lawmakers are planning to cut the tax on crypto profits from the current maximum of 55% to a flat 20%, the same tax rate used for stock investments.
Another planned change is a three-year loss carryforward. This means investors will be able to use their past trading losses to reduce taxes on future crypto profits. If approved, these tax changes are expected to start in 2028.
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Canaan Inc., the company that builds the machines other people use to mine Bitcoin, has been quietly stacking its own pile. The NASDAQ-listed mining hardware manufacturer disclosed its June 2026 unaudited mining performance on July 14, revealing a net addition of 49 BTC to its corporate treasury.
That brings the company’s total Bitcoin stash to 1,915 BTC, valued at approximately $123.5 million. Alongside the 1,915 BTC, Canaan also holds 3,952 ETH.
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The numbers behind Canaan’s June mining haul Canaan’s self-mining operations produced 64 BTC during June 2026. The net addition of 49 BTC reflects the difference between gross mining output and what ends up staying on the balance sheet. Some of those Bitcoin came from customer payments for hardware sales, meaning the company is accepting BTC as payment and holding it rather than converting to fiat.
According to Bitcoin treasury trackers, Canaan now ranks approximately 33rd among public companies globally in terms of Bitcoin holdings.
A strategy that started paying off a year ago The company formally adopted its digital asset holding policy in July 2025, making an explicit corporate commitment to building long-term BTC reserves. At that point, the firm held roughly 1,484 BTC.
By the end of May 2026, the company held 1,867 BTC, meaning the June addition of 49 BTC net represents a steady monthly cadence of accumulation. From July 2025 to July 2026, the treasury has grown from 1,484 BTC to 1,915 BTC — an increase of about 431 BTC, or roughly 29%, in a single year.
As an ASIC chip designer and manufacturer, Canaan sits at the intersection of hardware production, self-mining operations, and treasury management. Unlike companies that issue debt or equity to fund BTC purchases, Canaan generates Bitcoin through its mining operations and receives it as payment from customers.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Maelstrom udělil šestý grant z programu Bitcoin Grant Program Tadge Dryjovi, spolutvůrci Lightning Network. Prostředky mají podpořit výzkum obrany Bitcoinu proti hrozbě kvantových počítačů.
Maelstrom, the family office run by BitMEX co-founder Arthur Hayes, just handed its sixth Bitcoin Grant Program award to one of the network’s most quietly important builders. Tadge Dryja, best known as a co-creator of the Lightning Network, will use the funding to research how to harden Bitcoin against the looming threat of quantum computers.
What Dryja is actually working on The grant supports Dryja’s research into post-quantum cryptographic defenses for Bitcoin. Bitcoin’s current security relies on elliptic-curve cryptography, which works brilliantly against today’s computers. The concern, shared by a growing number of researchers, is that sufficiently powerful quantum machines could eventually break those protections.
Dryja has already been working on solutions. He’s developed a commit/reveal scheme he calls “Lifeboat,” designed to protect transactions from quantum attacks. He’s also proposed a mechanism called OP_CIV for post-quantum signature aggregation, which would let Bitcoin verify quantum-resistant signatures more efficiently.
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Dryja’s broader body of work includes Utreexo, a data structure that could dramatically reduce the storage requirements for running a Bitcoin full node.
Inside the Maelstrom Bitcoin Grant Program Maelstrom launched its Bitcoin Grant Program on July 17, 2024. The program offers grants between $50,000 and $150,000 for a 12-month period, paid out monthly in BTC, USDC, or USDT. The focus areas are resilience, scalability, censorship resistance, and privacy.
Dryja is the sixth recipient. A June 2026 annual report detailed the accomplishments of four prior grantees, whose work has spanned privacy-enhancing tools like Payjoin and Silent Payments, along with scalability improvements to Bitcoin Core.
Payjoin is a transaction method that makes blockchain analysis significantly harder by blending sender and receiver inputs. Silent Payments let users receive Bitcoin without reusing addresses, which is a privacy upgrade that sounds boring until you realize address reuse is one of the easiest ways to deanonymize someone on-chain.
The specific dollar amount of Dryja’s grant hasn’t been disclosed. But given the program’s stated range, we’re looking at something in the $50,000 to $150,000 neighborhood.
The quantum clock is ticking, kind of No quantum computer today can break Bitcoin’s cryptography. Current machines don’t have nearly enough stable qubits to run Shor’s algorithm against the elliptic curves Bitcoin uses. The National Institute of Standards and Technology has already standardized several post-quantum cryptographic algorithms for broader use, which creates a foundation that Bitcoin researchers can build on.
Dryja’s Lifeboat proposal doesn’t require Bitcoin to adopt entirely new signature schemes overnight. Instead, it creates an emergency mechanism that users could activate to protect their funds if quantum capabilities suddenly leapt forward.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Iran’s parliament has passed a bill claiming sovereign control over the Strait of Hormuz, the narrow waterway that handles roughly 20% of global oil trade. The legislation bans “hostile ships” from passage and codifies a toll system that accepts payment in yuan, Bitcoin, and stablecoins.
The crisis timeline The roots of this legislation trace back to late February 2026, when Iran imposed a blockade on the strait. That move kicked off what’s now being called the 2026 Strait of Hormuz crisis. A ceasefire in June offered a brief reprieve. By early July, Iran’s Revolutionary Guard Corps resumed aggressive operations in the waterway, targeting commercial vessels on what Tehran deemed “unapproved” routes.
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On July 13, Iranian forces attacked commercial tankers, including UAE-owned vessels, killing at least one crew member.
During ceasefire periods reported in April 2026, Iran had already been extracting transit tolls of approximately $1 per barrel from passing vessels, accepted in yuan, Bitcoin, or stablecoins.
Why crypto is the real story here Iran’s adoption of Bitcoin and stablecoins for sovereign transactions is unprecedented. Traditional banking channels are walled off by sanctions. By accepting digital currencies for maritime tolls, Tehran has built a sanctions-evasion mechanism into its sovereignty claims. Tether has historically frozen wallets associated with sanctioned entities, but the scale and state-backed nature of this use case is entirely different from previous incidents.
Competing tolls, competing claims Former President Trump has proposed his own 20% toll on vessels transiting the strait, coinciding with re-imposed blockades as of July 2026. The competing toll proposals from Washington and Tehran over the same body of water underscore how contested this waterway has become.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Bitcoin treasury firm Strategy (MSTR) has now gone three consecutive weeks without buying any BTC.
On Monday, Strategy Chairman Michael Saylor announced the company increased its US dollar reserve by $450 million over the past week but opted not to buy any new Bitcoin.
Over the two weeks prior, the firm sold a total of 3,588 BTC for $216 million. The sales, which sparked headlines across the crypto sector, materialized under the Strategy’s newly introduced BTC monetization program, designed to bolster the firm’s cash reserve and support dividend payments.
The firm still holds 843,775 Bitcoin worth $52.47 billion at time of writing, as well as $3 billion in cash reserves.
In May, Strategy sold 32 BTC worth $2.47 million, the company’s first Bitcoin sale since 2022, when the firm’s subsidiary, MacroStrategy, hawked 704 BTC for approximately $11.8 million.
The May sale marked a dramatic shift in tone for Strategy after Saylor spent years encouraging investors to “never sell” their BTC.
He did tip that a sale could happen, however, suggesting in a first-quarter earnings call that the firm would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”
Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.
Guvernérka New Hampshire podepsala HB 639, který zavádí ochranu pro blockchainové inovace a uživatele kryptoměn a umožňuje i zvláštní soudní řízení pro spory.
In brief New Hampshire's governor signed the Blockchain Basics Law, introducing new protections for blockchain innovation and crypto users in the state. Last year, the state became the first in the nation to introduce a strategic Bitcoin reserve, allowing for up to 5% of public funds to be invested in the leading crypto asset. However, its executive council recently rejected the allowance of the first Bitcoin-backed municipal bond. New Hampshire Governor Kelly Ayotte helped make the state into one of the crypto-friendliest in the nation when she signed HB 639 into law last week.
Known as the The Blockchain Basic Laws act, the bill provides protections for cryptocurrency innovation and use in the state while also allowing for the creation of a special blockchain dispute docket in the superior court.
"With Governor Ayotte's signature on HB 639, New Hampshire has once again demonstrated that it intends to lead the nation in blockchain innovation," said New Hampshire Representative Keith Ammon, the bill’s primary sponsor, in a statement.
“The Blockchain Basic Laws protect one of the most fundamental rights in the digital economy—the right of individuals to control their own digital assets through self-custody,” he added. “They also provide clear legal protections for blockchain developers, miners, validators, entrepreneurs, and businesses building the next generation of financial technology.”
The state’s latest blockchain legislation follows its passing of a strategic Bitcoin reserve last year. The bill, signed by Ayotte in May 2025, allows the state’s treasurer to invest up to 5% of its public funds in the leading crypto asset, alongside precious metals like gold and silver.
Ammon, who played a key role in that bill’s passage, told Decrypt at the time it was “one little way our state could hedge against inflation in the future."
“Today, with the signing of HB 639, we have taken another major step by enacting one of the most comprehensive blockchain rights laws in the country,” he said in a statement. “Entrepreneurs, investors, developers, and innovators across America should know that New Hampshire is open for blockchain business."
Despite its advances, the state’s executive council last week blocked a proposal that would have allowed the New Hampshire Business Finance Authority to facilitate a Bitcoin-backed municipal bond.
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Americká vláda převedla 2 874,9 BTC v hodnotě 183,28 milionu USD na Coinbase Prime. Celkem tam dnes poslala téměř 4 000 BTC, což vyvolalo spekulace o prodeji.
The U.S. government has transferred 2,874.9 Bitcoin, estimated to be worth $183.28 million, to Coinbase Prime. According to blockchain data analyzed by Galaxy Research, the transfer took place across Bitcoin blocks 957,893 and 957,894, originating from an address under government control.
Large-scale transfers trigger market attentionWith this recent move, the total amount of Bitcoin sent by U.S. authorities to Coinbase Prime today has reached nearly 4,000 BTC. These transactions have drawn the attention of market participants, with some observers speculating on possible intentions behind the transfer.
The coins transferred reportedly stem from a range of unrelated enforcement cases, including the BTC-e case and other seizures. It is considered highly unusual for government agencies to move assets from separate seizures in a single operation.
Mini dictionary: Coinbase Prime, an institutional platform operated by leading U.S. cryptocurrency exchange Coinbase, provides custody, trading, and other services for large or regulated clients. It is often used for managing significant digital asset transfers on behalf of institutions and governments.
Purpose of transfers remains unclearRecent speculation has centered on whether authorities are preparing these Bitcoin holdings for liquidation or if the transfers are connected to internal custody operations. The government has previously used Coinbase Prime for both asset management and for selling confiscated crypto holdings through auctions or direct transactions.
Many investors are watching to see if these movements point to the U.S. government planning to sell a portion of its Bitcoin holdings, especially given the timing and size of the transactions.
Uncertainty remains regarding the government’s intent, as no official statement has explained the reason for these significant transfers. Typically, such large-scale on-chain movements by government entities have preceded either asset sales or adjustments to custodial arrangements.
Strategic Bitcoin Reserve and policy contextIn March 2025, an executive order was signed establishing the Strategic Bitcoin Reserve, with oversight assigned to the Treasury Department. Treasury Secretary Scott Bessent stated that the government would not directly purchase Bitcoin for the reserve but would hold onto confiscated coins rather than sell them for fiat currency.
This position marked a policy change from previous practice, which usually saw the liquidation of seized cryptocurrency at auction.
Given this shift, today’s transfer to Coinbase Prime stands out, fueling debate about whether the government’s approach to seized digital assets is evolving. Since the assets trace back to various unrelated criminal cases, the consolidation and movement of these funds appear significant against the backdrop of the Strategic Bitcoin Reserve initiative.
DetailsAmountValue (approx.)DestinationLatest transfer2,874.9 BTC$183.28 millionCoinbase PrimeTotal transferred today~4,000 BTC~$255 millionCoinbase PrimeDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The US government just moved $288 million worth of Bitcoin and Ether to Coinbase Prime, the exchange’s institutional custody and trading arm. The deposits include crypto confiscated from three separate criminal cases: assets tied to Brian Krewson, the defunct BTC-e exchange, and Ryan Farace.
Where the crypto came from BTC-e was a cryptocurrency exchange seized by US authorities back in 2017 on money laundering charges. The platform was one of the earliest major exchanges to face a full government takedown, and forfeited assets from that case have been trickling through the legal system ever since.
Ryan Farace, along with his brother Joseph Farace, was involved in a drug trafficking operation that led to the forfeiture of over 4,000 BTC between 2018 and 2021. Ryan and Joseph were sentenced for their roles in 2023 and 2024, respectively.
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The government also made a smaller, related transfer of 2.44 BTC to Coinbase Prime addresses, suggesting this isn’t a one-off dump but part of a broader, methodical approach to managing its growing crypto inventory.
Why Coinbase Prime matters here Coinbase Prime is an institutional-grade platform built for large clients, including government agencies, that need custody services, over-the-counter trading, and structured liquidation capabilities.
The Department of Justice and the US Marshals Service have increasingly relied on regulated platforms like Coinbase to handle forfeited digital assets. The process typically works like this: assets are held in custody until all legal formalities surrounding forfeiture are completed, at which point they can be liquidated for the government’s benefit.
The use of Coinbase Prime specifically signals something worth noting. The government is choosing regulated, compliance-heavy infrastructure over ad hoc methods for managing these assets. That’s a far cry from the early days of federal crypto seizures, when the US Marshals Service literally auctioned off Silk Road Bitcoin in bulk lots to the highest bidder. Tim Draper famously bought nearly 30,000 BTC that way in 2014.
Market implications for Bitcoin and Ether holders Coinbase Prime facilitates OTC sales, which are specifically designed to minimize market impact. Large blocks of Bitcoin or Ether can be matched with institutional buyers directly, bypassing the public order book.
On-chain analytics firms can now track these government wallets in near real-time. Transparency means traders get advance warning of potential sales, but it also means every wallet movement gets amplified by social media and crypto news cycles.
Investors would be wise to monitor Coinbase Prime wallet activity and any subsequent announcements from the DOJ or US Marshals Service regarding auction schedules or liquidation timelines.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoinová peněženka neaktivní sedm let přesunula 2 931 BTC v hodnotě asi 188 milionů USD. Šlo o první onchain pohyb od doby, kdy se Bitcoin obchodoval kolem 6 500 USD.
A Bitcoin wallet dormant since the cryptocurrency traded near $6,500 has transferred 2,931 BTC worth about $188 million, reviving onchain activity after seven years.
Summary
A Bitcoin wallet inactive for seven years has moved 2,931 BTC worth about $188 million. Onchain data showed the wallet last became active when Bitcoin traded near $6,500, leaving the holder with an estimated tenfold gain. Whale sized transfers continue to dominate Bitcoin exchange inflows, a trend that analysts have historically linked to selling pressure. Blockchain intelligence platform Arkham reported that the long-inactive holder moved the Bitcoin from wallet “356my” to a new address, “bc1qn”, on Sunday. The transfer is the wallet’s first recorded onchain movement since it last became active when Bitcoin was priced at roughly $6,500.
With Bitcoin now changing hands at around $64,000, blockchain analytics platform Onchain Lens estimated the holder is sitting on nearly a tenfold gain from the original position.
A Bitcoin whale just woke up after 7 years.
2,931 $BTC (~$188M) was moved after sitting untouched since BTC traded at ~$6.5K.
Today, with BTC above ~$64K, the same stack is worth nearly 10x more.
Data credit: @arkham pic.twitter.com/y0JXIM91yK
— Onchain Lens (@OnchainLens) July 12, 2026 Whale transfers continue to dominate exchange flows The latest movement comes as large Bitcoin holders continue to account for most transfers into cryptocurrency exchanges, a trend that onchain data has linked to rising selling pressure.
CryptoQuant’s exchange whale ratio chart showed that about 99% of Bitcoin deposited to exchanges currently comes from the 10 largest individual transfers. The metric stood at 0.99 at the time of publication, indicating that whale-sized transactions continue to dominate exchange inflows.
According to CryptoQuant, elevated whale exchange ratios have historically been associated with bearish market conditions because large deposits are more likely to precede sizeable sell orders than routine transfers from retail investors.
Separately, data from Coinglass classifies transfers worth at least $10 million as whale transactions. Such movements have accounted for most Bitcoin flowing to exchanges in recent months, increasing trader focus on whether large holders are preparing to sell.
Selling pressure has also persisted from another direction. Data from Farside Investors showed that U.S. spot Bitcoin exchange-traded funds recorded $197 million in net inflows during the week leading up to Friday, although the products posted $4.51 billion in net outflows throughout June, their weakest monthly performance on record.
Dormant wallets remain under close watch Older Bitcoin wallets have continued attracting market attention because many are associated with early miners, long-term holders, or defunct trading platforms.
Earlier this year, crypto.news reported that a dormant whale destroyed 107 BTC worth about $8.3 million by sending the coins to an unrecoverable burn address after nearly 11 years of inactivity. Blockchain security firm AMLBot said the transactions may have been linked to the collapsed Mt. Gox exchange, although no entity behind the transfers was identified.
In a separate case reported by crypto.news, another Satoshi-era holder transferred 2,650 BTC worth more than $200 million to trading firms FalconX and Cumberland while retaining nearly 6,000 BTC.
Although those transfers did not confirm an immediate sale, market participants closely tracked the movement because large transactions from early Bitcoin holders can introduce additional supply if the coins eventually reach exchanges.
MicroStrategy zvýšila rezervy v dolarech na 3 miliardy USD po prodeji akcií za 466,7 milionu USD a bitcoinové zásoby nechala beze změny na 843 775 BTC. MSTR v předobchodní fázi klesly o 3 %.
MicroStrategy, a leading enterprise analytics and software firm, announced an increase to its US dollar cash reserves, adding $466.7 million last week through sales of common stock. The move raised the company’s USD reserve to $3 billion, according to a recent regulatory filing published on Monday.
MicroStrategy’s capital raise and reservesThe proceeds were secured via an at-the-market equity program, which allows the company to sell shares to raise capital as market conditions allow. MicroStrategy reported that it holds this substantial cash reserve to support dividends on its preferred shares and interest payments on its outstanding debt obligations.
Despite recent market volatility, MicroStrategy made no changes to its bitcoin position last week. The firm’s bitcoin holdings remain at 843,775 BTC, a figure that has made it one of the largest corporate holders of the cryptocurrency internationally.
MicroStrategy now holds its US dollar reserve at $3 billion, while its bitcoin position remains unchanged at 843,775 coins acquired for a total of approximately $63.69 billion at an average purchase price of $75,476 per bitcoin.
According to the company, the aggregate purchase price for these bitcoin holdings, including fees and expenses, totals about $63.69 billion. The average purchase price per coin stands at $75,476.
MSTR shares were down 3% in pre-market trading as bitcoin traded at $62,800 following a weekend decline for the largest cryptocurrency by market capitalization.
MetricValueUSD Reserve$3 billionBitcoin Holdings843,775 BTCTotal Bitcoin Purchase Price$63.69 billionAverage Price per Bitcoin$75,476Current Bitcoin Price$62,800MSTR Pre-market Change-3%Founded in 1989 and headquartered in Tysons Corner, Virginia, MicroStrategy is known for its business intelligence and cloud-based analytics platforms. In recent years, the company has become widely recognized for its aggressive bitcoin accumulation strategy, spearheaded by Executive Chairman Michael Saylor.
Crypto market dynamicsBitcoin experienced downward pressure over the weekend, falling through several support levels to its current price of $62,800. The decline in the cryptocurrency’s price corresponded with the drop in MSTR’s stock seen before markets opened.
Other factors, including renewed tensions in the Middle East and ongoing profit-taking across major crypto assets, have added volatility after a bullish streak in the previous week.
Crypto market analysts are closely watching developments in inflation data and earnings reports this quarter, anticipating their effect on both traditional equities and digital assets.
While broader market sentiment has been mixed, MicroStrategy’s steady bitcoin position signals continued confidence in the long-term prospects of the cryptocurrency.
Recent fluctuations have not prompted additional purchases or sales by the company, as its reserves are currently allocated for corporate financial obligations.
MicroStrategy’s dual strategy of maintaining a large bitcoin treasury while securing traditional dollar reserves continues to set it apart from other public companies operating in the digital asset sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Americké spotové Bitcoin ETF zaznamenaly za týden čistý příliv 197,4 mil. USD a ukončily osm týdnů trvající sérii odlivů. Nejvíc přidal BlackRock iShares Bitcoin Trust ETF s přílivem 291,9 mil. USD.
US-listed spot Bitcoin exchange-traded funds recorded a net inflow of $197.4 million in the week ended Friday, snapping an eight-week streak of weekly outflows dating back to May.
Data from Farside Investors shows that most of the week’s gains came from the BlackRock iShares Bitcoin Trust ETF, which recorded $291.9 million in inflows. This was offset by outflows from the Grayscale Bitcoin Trust ETF, the Fidelity Wise Origin Bitcoin Fund and the ARK 21 Shares Bitcoin ETF.
The end of the outflow streak could suggest institutional demand for Bitcoin is recovering after two months of sustained selling pressure. However, analysts say it’s too early to tell.
“While one week of inflows doesn’t define a trend, it comes at a time when institutional confidence is growing around the potential passage of the CLARITY Act in the US in August next month,” Monochrome Asset Management founder and CEO Jeff Yew told Cointelegraph.
“This could be an early indication that institutions are beginning to position ahead of greater regulatory certainty, which is often what long-term capital allocators look for.”Meanwhile, 10x Research founder and CEO Markus Thielen said ETF and stablecoin outflows and seasonality in August and September remain headwinds.
“There's also been a pattern over the past few months where Bitcoin performs better in the first half of the month, then consolidates in the latter half. Without flows still pronounced and ETF flows yet to meaningfully pick up, even after Bitcoin's 9%+ jump, the headwinds remain in our view.”
The $197.4 million weekly inflow was modest compared with the $8.26 billion investors withdrew since May 11.
Total spot Bitcoin ETF net inflow. Source: SoSoValue
Last week, Real Vision chief crypto analyst Jamie Coutts told Cointelegraph that Bitcoin could be entering the latter stages of the bear market, based on early technical signs suggesting that selling pressure is easing.
“I think we're getting through most of the bear market action. It's still not over, clearly. But you know, I think we're approaching at least the second half,” Coutts said.
Other analysts say there could be further downsides ahead.
Russell Thompson, chief investment officer at asset manager Hilbert Capital told Cointelegraph last week that he believes Bitcoin remains in a downcycle and could hit a low around October this year.
Ether ETFs also break outflow streakMeanwhile, US-listed spot Ether ETFs also broke their eight-week losing streak, with $84.42 million in net inflows for the week ended Friday, led by BlackRock and Fidelity’s Ether funds.
The inflows paled in comparison with the $1.2 billion in net outflows since May 11.
Magazine: Has Bitcoin bottomed for this cycle? Analysts say 'not yet'
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Stacks navrhuje PoX-5, který by držitelům bitcoinu umožnil výnos bez přesunu BTC z hlavní sítě. 15 % přebytečných příjmů má jít do rezervního fondu protokolu.
Stacks, the Bitcoin Layer 2 network, is proposing a significant upgrade to its consensus mechanism that would let Bitcoin holders earn yield on their BTC without ever moving it off the main chain. The kicker: 15% of all excess revenue gets funneled into a reserve fund designed to keep the whole system solvent even during lean times.
The upgrade, dubbed PoX-5 (Proof-of-Transfer version 5), introduces a waterfall distribution model. Protocol bond holders sit at the top of the payment queue, with an initial target yield of roughly 3% APY. These bonds require a six-month lockup period. Only after those obligations are met does the remaining revenue flow downhill.
Whatever is left after paying bond holders, the excess miner revenue, gets split two ways. STX-only stakers receive 85% of the surplus. The protocol reserve fund absorbs the remaining 15%.
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To participate, Bitcoin holders lock their BTC on the Bitcoin Layer 1 network using a timelock mechanism and pair it with STX, the native token of the Stacks network. No bridging required. No custodial transfers.
Building a 1.2-year safety buffer The 15% reserve allocation isn’t arbitrary. Simulations run across 210 two-week cycles, roughly eight years of modeled data, project that the reserve fund would accumulate enough to cover 1.2 years of yield commitments.
The system also includes capacity constraints and real-time coverage ratio monitoring. There’s no slashing mechanism for participants, meaning stakers don’t risk losing their principal if something goes sideways with the network.
The whitepaper laying all of this out was published on May 13, 2026. Since then, the Stacks community has been reviewing the associated SIP (Stacks Improvement Proposal) documents related to the bootstrap phase. No formal votes or launches have been finalized yet.
Stacks’ track record with Proof-of-Transfer The original PoX mechanism has been operational since January 2021, and over that period, the protocol has distributed more than 4,200 BTC to participants under prior consensus versions. PoX-5 is an evolution of that infrastructure, adding structured yield products and reserve mechanics on top of existing plumbing.
The upgrade also serves a dual purpose beyond yield generation. By requiring participants to pair BTC with STX, it creates organic demand for the Stacks native token. More staking activity means more STX gets locked up, which theoretically supports the token’s value while simultaneously enhancing network security through increased participation.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
StanChart varuje, že nejasná komunikace společnosti Strategy ohledně využití BTC na podporu STRC může Bitcoin krátkodobě tlumit. Firma už prodala BTC za 216 milionů USD a drží 843 775 BTC.
Strategy founder and chairman Michael Saylor again took to social media on Sunday to offer his latest signal to investors as one analyst sees Saylor’s messaging as needing more clarity to help Bitcoin regain its momentum.
“Orange dots tell only part of the story,” was Saylor’s message on Sunday in a post that accompanied a chart from Saylortracker.com, similar to previous social media messages that have preceded news of Strategy's Bitcoin (BTC) purchases, typically announced the day after his posts.
In recent weeks, the largest digital asset treasury company and a major BTC holder, has moved away from its long-time “never sell Bitcoin” approach to a willingness to sell the biggest crypto as needed to fund dividends for holders of its STRC preferred stock and to replenish its cash reserves. Earlier this month, Strategy sold $216 million worth of Bitcoin, reducing its total holdings to 843,775 tokens, according to a July 6 filing with the US Securities and Exchange Commission.
“Orange dots tell only part of the story.” Source: Michael Saylor
Days earlier, Strategy unveiled a capital framework allowing Bitcoin sales to fund dividends, increased the annual dividend rate on its STRC preferred stock to 12%, and disclosed that its US dollar reserve had grown to $2.55 billion.
Standard Charter’s global head of digital assets research, Geoff Kendrick, believes recent Strategy’s actions — and Saylor's manner of communicating them — “are muddying the waters for BTC near-term.”
“We think effective communication of MSTR’s new strategy (using BTC to back STRC) is key to reassuring markets that wholesale selling is unlikely; this should in turn support BTC prices,” Kendrick wrote in a note to clients on Friday. “Indeed, if this signalling proves effective, it should remove the need for MSTR to actually sell any BTC by supporting STRC’s price,” he said.
StanChart sees inconsistencies in “never sell” approachKendrick said that Strategy’s long-held “never sell” approach limited what the company could with its industry-biggest digital asset treasury.
“The problem with the ‘never sell’ approach is that it limits what MSTR’s BTC holdings can do — or, perhaps more importantly, what they are perceived to be doing,” the StanChart analyst said. “MSTR has started to shift its communication strategy on this in recent months. It has sold BTC twice and recently announced a BTC monetization program.”
Source: Standard Chartered Bank
Still, he sees Strategy’s “market signaling” will improve soon. He expects that to bring clarity to the outlook for Bitcoin, on which StanChart maintains its $100,000 year-end forecast.
Shares struggle from year low ahead of earnings reportInvestors who bought into the Strategy narrative have not had an easy time in the past 12 months. The STRC preferred shares were formulated to hold a price of $100 apiece. Shareholders saw that par value fall to the wayside last month, to the lowest value since the preferred stock was introduced a year ago.
The common shares, trading under the MSTR ticker, have lost more than 70% of their value since July 2025, closing at $94.64 per share on Friday, down from a 52-week high of $457.22.
The company is slated to report second-quarter earnings on July 30, with analysts consensus of $4.28 per share, according to Yahoo Finance data. Earnings have fallen short of analyst forecasts in six of the last eight quarters, according to Fintel.io data, including a 33.76% negative surprise in the first quarter of 2026.
Magazine: Will the crypto lobby's $189M campaign get CLARITY over the line?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Kontroverzní návrh BIP-110 na omezení nefinančních dat pro Bitcoin má v srpnu termín, ale podpora těžařů je stále pod 1 %. Aktivace by podle článku mohla vytvořit jen menšinový chain.
A controversial proposal known as BIP-110, which would temporarily restrict non-financial data on the Bitcoin blockchain, faces an early August deadline with miner support still below 1%.The measure would tighten limits on OP_RETURN and other data-carrying methods for one year, a move backers say would refocus Bitcoin on payments but critics argue improperly censors valid, fee-paying transactions.With major figures like Michael Saylor and Adam Back opposing the plan and both miner and node adoption stuck in the low single digits, BIP-110 appears likely to create only a small minority chain rather than a network-wide change.An infamous proposal to purge non-financial data from the Bitcoin blockchain is heading toward a hard deadline in early August, and the initial support it has gathered from miners is less than 1% so far - a signal of outsized opposition despite the immense social chatter around the topic.
BIP-110, formally titled the Reduced Data Temporary Soft Fork, is basically a fight over what Bitcoin block space is for.
Bitcoin transactions can carry money and extra data. An OP_RETURN section is the obvious “note field” for small bits of data within transactions, and data pushes are another route - where users can place larger chunks of raw data inside Bitcoin script or witness data. Ordinals, inscriptions and some token schemes use those paths to put images, text or token metadata onchain.
BIP-110 would temporarily tighten those paths for one year. It would cap OP_RETURN at the old small size, block most arbitrary data chunks above 256 bytes, and restrict some script formats used mainly for data storage.
Supporters say this keeps Bitcoin focused on payments and lowers node burden, but critics think it turns a policy fight into a consensus rule and tells users which transactions are “acceptable.”
Two of Bitcoin's most influential figures came out against it on Saturday. Strategy founder Michael Saylor posted that "there are 110 things more dangerous to Bitcoin than spam," arguing the proposal "turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions." The precedent, he wrote, is the real danger.
There are 110 things more dangerous to Bitcoin than spam.
BIP 110 turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions.
That precedent is the danger. We should save our energy for threats that really matter. $BTC https://t.co/LoSkl9XSo1
— Michael Saylor (@saylor) July 11, 2026 Adam Back, the Blockstream co-founder whose hashcash design is cited in the bitcoin white paper, made a similar case at greater length, addressed to the newcomers backing the proposal.
"Bitcoin respectfully says no to what you want," he said, adding that their real recourse, if unconvinced, is to group together and fork away, but that "bitcoin won't be joining it."
The support data shows what the broader market really thinks. BIP 110 does not rely on the usual path of overwhelming miner approval, but uses a user-activated soft fork, a mechanism in which nodes enforce a rule whether or not miners agree, set to a 55% miner-signaling threshold rather than the traditional 95%.
Backing is absent even at that significantly lower bar.
Miner signaling has never risen above about 1% in any period and stands at zero in the current one, with no major mining pool behind it, according to the BIP 110 signaling monitor.
Among the nodes that store and relay the chain, adoption sits in the low single digits, carried almost entirely by Bitcoin Knots, an alternative to the dominant Bitcoin Core software.
The deadline arrives regardless. The current signaling period runs from block 957,600 to 959,615, and a voluntary lock-in deadline falls at block 961,542 in the following period, expected in early August.
Nodes running BIP 110 software would then begin rejecting any block that does not signal support, with activation projected near September. In practice, a rule enforced by a few percent of nodes and almost no miners does not change Bitcoin for everyone but would split off a minority chain.
As such, Bitcoin's resistance to change is not written down anywhere, but is the product of thousands of independent operators who each have to opt in as a means of consensus.
The underlying spam concern is real. Blocks have carried more non-financial data since the October change, and reasonable people see that as a drift from Bitcoin as money toward Bitcoin as a database. But Bitcoin changes only when the network agrees to run the change, and on the evidence so far, it will not run this one.
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Digital Assets: Quarterly Review and Outlook Q2
Digital Assets: Quarterly Review and Outlook Q2
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Jul 10, 2026
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Pětiminutové bitcoinové kontrakty na Polymarket vyvolávají obavy z manipulace, protože obchodníci mohou v posledních sekundách hýbat spotovou cenou a ovlivnit vypořádání. Od spuštění nasbíraly kumulativní objem obchodů 4 miliardy USD.
Polymarket’s 5-minute Bitcoin prediction markets have become the crypto world’s fastest casino, and the house advantage belongs to whoever has the fastest bot. The platform’s binary contracts, which let traders bet on whether Bitcoin will be up or down at the end of each 5-minute window, have racked up $4 billion in cumulative trading volume since launching on February 12, 2026.
Traders are synchronizing Polymarket positions with spot Bitcoin trades in the final seconds of each 5-minute interval, effectively nudging the price just enough to tip the contract outcome in their favor. In English: they’re buying the prediction market equivalent of “Bitcoin goes up,” then actually pushing Bitcoin’s price up with a well-timed spot trade right before the clock runs out.
The speed gap is the whole game High-frequency trading firms, AI-powered bots, and algorithmic agents have flooded into Polymarket’s shortest-duration product. The first week alone generated roughly $200 million in volume, a pace that made clear this wasn’t a niche curiosity.
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Retail traders trying to compete face a brutal math problem. Market spreads on these contracts range from 2 to 5 cents, which might sound trivial until you consider the contracts are priced around $0.50. The standard fee runs approximately 1.56% at the $0.50 pricing level. Reported average win rates for live trading bots tell the story with uncomfortable clarity: 25% to 27% below breakeven.
How the manipulation works A trader takes a position on Polymarket predicting Bitcoin will finish the 5-minute window above its starting price. With seconds remaining, that same trader places a spot Bitcoin buy order large enough to push the price in the desired direction. The Chainlink oracle that Polymarket uses for price resolution and settlement captures that final-second price, the contract resolves in the manipulator’s favor, and the payout arrives.
For the prediction market industry, the manipulation concerns raise questions about settlement mechanism design. Using a single price snapshot from a Chainlink oracle at the exact end of a 5-minute window creates a precise target for manipulation. Alternative approaches, like using a time-weighted average price over the final 30 seconds, could raise the cost and complexity of gaming the settlement.
The bigger picture for prediction markets The 5-minute Bitcoin contracts have cannibalized longer-duration contracts on the platform, pulling volume and attention toward the shortest possible timeframes.
What this means for investors For retail traders tempted by the apparent simplicity of a binary up-or-down bet, the combination of spreads, fees, and speed disadvantages creates a structural edge for automated participants that individual traders cannot realistically overcome. The $4 billion in cumulative volume proves demand exists. The question is whether that demand can be served in a way that doesn’t systematically disadvantage the majority of participants.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin Policy Institute se připojil k obraně v žalobě o údajně „opuštěné“ bitcoiny spojené se Satoshi Nakamotem a chce, aby soud celý spor zamítl. Případ může vytvořit precedent ohrožující dlouhodobou self-custody.
PANews July 11 news, Galaxy research head Alex Thorn stated that the “abandoned Bitcoin” case surrounding “Noah Doe’s” attempt to obtain ownership of Satoshi Nakamoto’s Bitcoin through legal proceedings has seen a major development. The Bitcoin Policy Institute (BPI) has formally applied to intervene as a defendant in the case and seeks to have the court dismiss the entire lawsuit. It is learned that a defendant under the pseudonym “John Doe 33” had previously appeared in court as an individual, denying the plaintiff’s attempt to link him to an address holding 5,000 BTC. Additionally, The Digital Chamber has also submitted an amicus brief opposing the legal theories advanced by the plaintiff.
Alex Thorn said that BPI, represented by the law firm White & Case, has not only applied to intervene in the case but has also submitted a proposed answer, 15 affirmative defenses, and plans to file a motion to dismiss.
BPI argues that it has standing to intervene because the organization self-custodies a portion of its Bitcoin reserves intended to be held indefinitely, and the plaintiff’s theory that “long-term inactivity constitutes abandonment” could precisely sweep similar assets into future litigation. It contends that merely discovering a public address is like obtaining someone’s bank account number and does not confer ownership of the assets therein; the wallet itself does not exist on-chain; and holding coins for more than five years should not be deemed “abandonment,” but rather the “HODL” strategy long practiced by the Bitcoin community.
Alex Thorn stated that if the legal logic of the “Noah Doe” case is ultimately upheld by the court, it could become a precedent to deprive long-term self-custody users of asset ownership in the future. Therefore, this litigation concerns not only assets related to Satoshi Nakamoto, but also the legal foundation of the entire Bitcoin self-custody ecosystem.
Previous news, a plaintiff under the pseudonym “Noah Doe” filed a lawsuit in a New York court, seeking ownership of 39,069 dormant Bitcoin wallets, including addresses attributed to Satoshi Nakamoto. These wallets are estimated to hold approximately 3.7 million BTC, worth around $290 billion. The plaintiff, through two Wyoming shell companies ABC Company and XYZ Company, submitted a 901-page complaint on May 1, claiming these Bitcoins qualify as “abandoned property” under New York’s lost property law.
Morgan Stanley za poslední dva týdny přidal téměř 1 000 BTC a jeho sledovaná držba vzrostla na 5 761 BTC. Podle Arkham má nyní bitcoin v hodnotě zhruba 369,9 milionu USD.
Morgan Stanley has increased its Bitcoin holdings by nearly 1,000 BTC over the past two weeks, lifting its tracked balance above 5,700 BTC, according to on-chain data.
Summary
Morgan Stanley added nearly 1,000 BTC over the past two weeks, pushing its tracked holdings to 5,761 BTC. Arkham data shows the accumulation came through multiple large transfers from Coinbase Prime rather than a single purchase. The latest buying follows Morgan Stanley’s June crypto expansion with Galaxy Digital, allowing eligible clients to convert crypto into spot investment products. According to blockchain intelligence platform Arkham, the investment bank continued adding Bitcoin through its spot Bitcoin investment product during the recent market pullback. Arkham’s latest portfolio data shows Morgan Stanley now holds 5,761 BTC worth roughly $369.9 million, making it one of the larger institutional Bitcoin holders tracked on the platform.
Source: Arkham The latest increase follows a series of transfers recorded over the past two weeks instead of a single purchase. Arkham’s transaction history shows several large inflows from Coinbase Prime wallets, including transfers of 495.8 BTC, 171.9 BTC, 166.2 BTC, 154.8 BTC, 143.3 BTC, 126.1 BTC, 120.4 BTC, and another 34.4 BTC within the last 14 hours. The activity also includes minor operational transfers and a 1 BTC movement back to Coinbase Prime, leaving the firm’s net increase at roughly 1,000 BTC.
Source: Arkham Latest purchases have come through multiple large transfers Recent Arkham data indicates Morgan Stanley accumulated Bitcoin in stages rather than executing a single large transaction. Most of the recorded inflows originated from Coinbase Prime custody and deposit addresses, suggesting institutional settlement activity linked to its Bitcoin investment product.
At current market prices shown on Arkham, the firm’s Bitcoin holdings are valued at nearly $370 million. Arkham also classifies the entity as a fund, an exchange-traded product, and a Bitcoin whale, while linking the portfolio to 11 tracked wallet addresses.
The latest buying extends a pattern of adding exposure during price weakness. Although Arkham describes the activity as another instance of Morgan Stanley “buying the dip,” the platform does not disclose whether the transactions represent direct purchases, client subscriptions, or other operational inflows into the investment vehicle.
Crypto investment services have expanded for wealthy clients The recent accumulation follows Morgan Stanley Wealth Management’s June announcement that it had expanded its digital asset offering through a referral arrangement with Galaxy Digital.
Under the program, eligible high-net-worth clients can lend cryptocurrencies including Bitcoin, Ether, and Solana to Galaxy Digital and receive shares in spot crypto investment products, including the Morgan Stanley Bitcoin Trust. According to the companies, the structure allows investors to move crypto exposure into regulated investment vehicles without first selling their digital assets.
Morgan Stanley and Galaxy Digital also said the arrangement can reduce in-kind crypto-to-exchange-traded product onboarding times by as much as 75%, making transfers into regulated investment products faster than conventional processes.
The expanded client offering and the latest on-chain accumulation come as institutional participation in spot Bitcoin investment products continues to grow. While Arkham’s wallet data tracks assets associated with Morgan Stanley’s Bitcoin product, the platform does not identify the underlying investors or distinguish between firm-owned holdings and assets managed on behalf of clients.
Tether podle EmberCN poslal z rezervní adresy na Binance testovací transakci 4 BTC za zhruba 250 000 USD. Zároveň se po konci Q2 zatím neobjevily nové on-chain vklady BTC.
According to monitoring by EmberCN, Tether allocates 15% of its quarterly profits to its Bitcoin reserve address. Approximately 5 hours ago, this address made a test transfer of 4 BTC to Binance, valued at roughly $250,000. EmberCN stated that this same address previously transferred 204.3 BTC to Bitfinex a month ago, worth approximately $14.36 million at the time, when Bitcoin’s price stood at around $70,000. It remains unclear whether these assets have been sold. Additionally, Tether appears to have not yet completed the on-chain withdrawal of new Bitcoin for Q2 2026. Per its usual practice, Tether typically transfers BTC purchased in the quarter to its reserve address on the last day of each quarter. However, more than 10 days have elapsed since the end of Q2, and no new Bitcoin deposits to this reserve address have been observed on-chain, sparking market concerns over whether it has adjusted its Bitcoin accumulation pace.
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Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.
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Spotové Bitcoin ETF v USA zaznamenaly 12. června příliv zhruba 86 milionů USD po více než 1,67 miliardy USD čistých odlivů. BlackRockův IBIT přilákal asi 57,7 milionu USD.
After weeks of watching money walk out the door, US spot Bitcoin ETFs finally caught a break. On June 12, roughly $86 million flowed back into the funds, with BlackRock’s iShares Bitcoin Trust (IBIT) doing most of the heavy lifting.
IBIT alone pulled in approximately $57.7 million of that total, accounting for nearly two-thirds of the day’s inflows. In Bitcoin terms, the collective haul translated to about 1,350 BTC purchased across all spot ETFs, with IBIT responsible for roughly 907 of those coins.
The $86 million came after a stretch of more than $1.67 billion in net outflows from Bitcoin ETFs.
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BlackRock’s growing Bitcoin empire IBIT isn’t just the biggest Bitcoin ETF. The fund now holds over $46 billion in assets under management.
BlackRock recently launched BITA, a Bitcoin Income ETF designed to generate yield from Bitcoin exposure.
What this means for investors The single-day inflow reversal carries a few implications worth unpacking for anyone with skin in the Bitcoin game.
First, institutional demand hasn’t evaporated. BlackRock’s $57.7 million purchase on a single day suggests otherwise.
Third, BlackRock’s expansion into yield-generating Bitcoin products like BITA signals that the firm is building infrastructure for long-term holders, not just speculators chasing momentum.
One green day doesn’t constitute a trend reversal. A single $86 million inflow following $1.67 billion in outflows is encouraging but mathematically modest. That’s about 5% of the outflow recouped in a day.
IBIT’s dominance in capturing nearly two-thirds of the day’s inflows suggests that capital is consolidating around the BlackRock brand.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Americké spotové Bitcoin ETF 10. července přilákaly čistý příliv 90,4 milionu USD a Ethereum ETF přidaly 18,4 milionu USD. Po červnovém odlivu se tak kapitál vrací do regulovaných krypto produktů.
US spot Bitcoin ETFs pulled in $90.4 million in net inflows on July 10, while their Ethereum counterparts added $18.4 million. That translates to roughly 1,791 BTC and 10,550 ETH worth of fresh capital flowing into regulated crypto investment products in a single day.
The recovery after a record-breaking exodus June 2026 set an unwelcome record: approximately $4 billion in net outflows from US spot Bitcoin ETFs. That’s the largest monthly withdrawal since these products launched in January 2024.
A 10-day consecutive outflow streak from Bitcoin ETFs finally snapped on July 2, after hemorrhaging a cumulative $2.73 billion during that stretch alone.
Earlier in the month, Bitcoin ETFs recorded a single-day inflow of $265.7 million, driven primarily by BlackRock’s IBIT. The $90.4 million on July 10 is more subdued, but it reinforces the narrative that capital is rotating back in rather than continuing to flee.
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Who’s winning the ETF fee war BlackRock’s IBIT and Fidelity’s FBTC continue to dominate inflows on the Bitcoin side. On the Ethereum front, BlackRock’s ETHA and Fidelity’s FETH have carved out similar positions.
Grayscale’s higher-fee products have faced persistent outflows as investors migrate to cheaper alternatives. Grayscale’s Bitcoin Trust, which converted from a closed-end fund, carried significantly higher fees than competitors who entered the market with aggressive pricing, resulting in a steady asset transfer from Grayscale to BlackRock and Fidelity.
Since spot Bitcoin ETFs launched in January 2024, total net inflows have surpassed $50 billion, reaching approximately $51.3 billion by July 2026.
Macro backdrop and what’s driving sentiment Bitcoin prices have been hovering between $56,000 and $64,000 in early July. Easing inflation expectations have provided some tailwinds for risk assets broadly, and crypto ETFs appear to be catching that breeze.
The $18.4 million flowing into Ethereum ETFs is notable because Ethereum ETFs have historically struggled to match Bitcoin’s momentum in attracting capital. The fact that both products are seeing positive flows simultaneously suggests the recovery isn’t limited to Bitcoin; it’s a broader re-engagement with crypto as an asset class.
What this means for investors For investors watching the competitive landscape, the continued dominance of BlackRock and Fidelity products is worth tracking. The earlier $265.7 million inflow day in July shows the capacity for larger moves when conditions align.
A $4 billion monthly outflow in June demonstrates how quickly sentiment can reverse. With Bitcoin trading between $56,000 and $64,000, investors should watch whether the July inflow trend accelerates or fizzles. If daily inflows consistently stay positive and gradually increase, it would mark a meaningful shift in the institutional positioning that drove the June selloff.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Empery Digital prodala od 7. května 1 400 BTC za zhruba 87,1 milionu USD a snížila držbu na 1 514 BTC. Výnosy používá na splátku dluhu, financování dříve oznámené akvizice nemovitosti, úhradu právních výdajů spojených s probíhajícím sporem akcionářů a provoz.
The Nasdaq listed company said it sold 1,400 BTC since May 7 at an average price of $62,200 per Bitcoin, generating about $87.1 million in gross proceeds. The sale left Empery with 1,514 BTC and about $73.9 million in cash as of July 10.
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The proceeds are being used to repay debt, fund a previously announced property acquisition, cover legal expenses tied to ongoing stockholder litigation and support operations. Empery said it repaid $10 million of outstanding debt on July 7 and still has $45 million outstanding on its debt facility.
The move marks a sharp reversal for a company that adopted a Bitcoin treasury strategy last year. Empery, formerly Volcon, said in August 2025 that it held more than 4,018 BTC and described its strategy as becoming a low cost, capital efficient aggregator of Bitcoin.
The company had already disclosed that Bitcoin sales could be part of its capital strategy. In its annual report, Empery said it had sold 722 BTC for $50 million from January 1 through March 25, 2026, and warned that future Bitcoin sales could affect its results and financial condition.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
CEO Strive Matt Cole uvedl, že firma může Bitcoin prodat, pokud to bude ve prospěch akcionářů. Zároveň chce být dlouhodobě čistým nakupujícím a překonat samotný Bitcoin.
Strive CEO Matt Cole just said something you almost never hear from a corporate Bitcoin maximalist: he’s willing to sell.
Cole confirmed that Strive is open to offloading Bitcoin if doing so benefits shareholders, even as the firm commits to being a net buyer of the asset over time. The goal, Cole says, is to outperform Bitcoin itself, not just hold it and hope.
Nearly 20,000 BTC and counting Strive, which trades on Nasdaq under the ticker ASST, held 19,882 BTC as of early July 2026. That puts it among the top 10 public corporate holders of Bitcoin globally.
The accumulation has been swift. The company’s stash grew from roughly 5,000 BTC in fall 2025 to nearly four times that amount through a combination of equity raises and structured financial instruments. In early June 2026 alone, Strive scooped up 2,500 BTC for $185 million.
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Strive carries zero debt. No encumbered holdings. Cole has emphasized that Strive’s balance sheet could theoretically survive Bitcoin dropping to $0.01.
The firm also holds enough reserves to cover 18 months of dividend obligations.
The preferred stock play One of the more interesting tools in Strive’s toolkit is its Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA. The instrument currently yields a 13% dividend rate.
Rather than selling Bitcoin to fund operations or pay dividends, Strive uses structured products like SATA to generate capital. That capital then gets deployed to buy more Bitcoin, amplifying the amount of BTC attributable to each common share.
Cole has also set a base case Bitcoin price target of $120,000 by year-end 2026. The firm wants to generate alpha over a simple buy-and-hold Bitcoin strategy. Cole’s background managing large fixed-income portfolios is clearly influencing how he thinks about Bitcoin treasury management, treating Bitcoin as the benchmark against which all capital allocation decisions are measured.
Acquiring the competition Strive made waves earlier by acquiring Semler Scientific, becoming the first public Bitcoin treasury company to buy another listed Bitcoin treasury business.
By absorbing Semler Scientific’s Bitcoin holdings and operations, Strive increased its total BTC position without relying solely on open-market purchases or additional equity raises.
What this means for investors The debt-free approach stands out in a market where several Bitcoin treasury companies have taken on significant leverage. If Bitcoin were to experience a sharp correction, the leveraged players would face margin calls and forced liquidations. Strive’s structure is designed to avoid that entirely.
The 13% yield on SATA preferred stock deserves scrutiny as well. A double-digit yield from a company whose primary asset is a volatile cryptocurrency should raise questions about sustainability, even with the current buffer of 18 months of dividend coverage. Investors should watch whether Strive can maintain that payout without eventually being forced to sell Bitcoin at inopportune times, which would undermine the entire “net buyer” thesis that Cole is pitching.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Japonsko podle ministryně financí Satsuki Katayamy postupuje podle plánu k legalizaci ETF na kryptoaktiva. Nové pravidlo má otevřít cestu k obchodování už příští rok.
Japan’s Finance Minister Satsuki Katayama announced at the Open QUICK 2026 seminar, organized by leading financial information provider QUICK on July 10, that the government is progressing as scheduled in the process to legalize crypto asset exchange-traded funds (ETFs) in the country. This development follows growing international interest in similar financial products abroad.
Regulatory shift for crypto assetsRecently, Japan’s House of Representatives approved a regulatory change transferring the oversight of spot crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act. This move paves the way for crypto assets to be classified as fully regulated financial products, aligning their legal framework more closely with that of equities and bonds.
Finance Minister Satsuki Katayama confirmed that the government is proceeding with the legalization of crypto asset ETFs as originally intended.
The new regulation strengthens the legal basis for crypto asset ETFs to be listed and traded on Japanese exchanges. Under the current timetable, these products may begin trading on Japan’s markets as early as next year.
SBI develops two innovative fund offeringsIn May, SBI Holdings announced the launch of a new crypto asset ETF. The company’s plans include a dual-asset ETF structure that will provide investors with regulated access to both Bitcoin and XRP. As one of Japan’s largest financial groups, SBI operates across banking, brokerage, and asset management services.
In addition, SBI proposed a hybrid investment fund bringing together gold-based ETFs and crypto asset ETFs. In this structure, 51% of the portfolio would be allocated to gold ETFs, while the remaining 49% would be dedicated to crypto assets such as Bitcoin ETFs. This approach targets more cautious institutional and retail investors seeking diversified exposure.
ProductContentTarget audienceDual-asset ETFBitcoin and XRPInvestors seeking regulated crypto accessHybrid fund51% gold-based ETF, 49% crypto asset ETFMore cautious institutional and retail investorsAmbitious asset growth and competitionSBI aims to reach approximately 5 trillion yen, equivalent to $32 billion in assets under management, within three years of launching these products. This target represents a bold step for crypto-themed investment products within Japan’s financial sector and signals significant anticipated demand.
The company also hopes to secure an early market advantage by moving ahead of major Japanese financial groups such as Nomura and Rakuten Securities. With expanding regulatory clarity, competition in the crypto ETF space in Japan is expected to intensify in the coming period.
Ripple partnership comes to the foreSBI’s inclusion of XRP in its ETF plan aligns with its longstanding corporate partnership with Ripple. Known for its XRP-focused payment solutions, Ripple has established close business relationships in the Japanese market, and this collaboration continues to play a significant strategic role for SBI.
SBI is developing a structure uniting Bitcoin and XRP within the same fund, while also introducing a separate model that combines gold and crypto asset ETFs in a single portfolio.
Through these initiatives, SBI seeks to attract both aggressive crypto investors and more risk-averse clients, offering diverse routes to engage with digital assets under a regulated framework.
Market analysts expect SBI’s pioneering approach and regulatory developments to spur wider adoption of crypto ETFs in Japan, potentially altering the landscape for both institutional and retail participation in the coming years.
As Japan prepares to launch crypto asset ETFs, the convergence of traditional finance and blockchain technology is poised to reshape investment options in the country, with major players vying for leadership in a rapidly evolving sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Těžaři Bitcoinu masivně přecházejí k AI infrastruktuře, aby kompenzovali tlak na ziskovost po halvingu. Zároveň rostou otázky kolem správy a řízení společnosti kvůli insider prodejům akcií.
Facing profitability under pressure since the last halving in April 2024, bitcoin mining companies have made a strategic pivot towards AI. Enough to excite Wall Street. However, a report from Blocksbridge Consulting published on July 9, 2026, paints an alarming reality. It highlights massive stock sales by executives and board members of some companies. More details in the following paragraphs!
In Brief Bitcoin miners accelerate their diversification towards AI infrastructures to offset the drop in mining profitability after the halving. Several mining company executives sold shares after the rise in BTC prices. The current situation fuels questions about corporate governance and investor confidence. An industrial pivot forced by the realities of the Bitcoin network At the end of 2025, the global Bitcoin network hashrate had reached a historic peak of 1,160 EH/s. This intensified competition. According to sector reports from CoinShares, the weighted average cost to validate a single BTC was about $80,000 in Q4 2025 for publicly listed entities. Result: 15 to 20% of the global fleet of obsolete ASIC machines were forced to operate at a loss.
To improve their cash flows, major players in bitcoin mining chose to convert their energy capacities to power supercomputers. A striking example: the signing of a 20-year lease contract between TeraWulf and Anthropic. The deal is valued at nearly $19 billion.
For many, this diversification attests to the transformation of the BTC mining industry’s business model. Some analysts nonetheless raise a fundamental point: this requires significant capital. This explains why many firms have had to liquidate their own bitcoin reserves. This is notably the case for Marathon Digital Holdings (MARA), which sold more than 15,000 BTC from its institutional treasury. The latest bitcoin sale dates back to April 2026.
Bitcoin and insider sales: the TeraWulf case closely scrutinized by crypto investors On June 29, Beowulf E&D Holdings, an entity managed by CEO Paul Prager, declared the sale of 275,000 TeraWulf shares. The weighted average price stands at $26.596. This represents about $7.3 million in gross proceeds. This operation attracts particular attention as it occurs one week before the announcement of a 20-year lease with Anthropic for AI infrastructure.
According to data, Prager and his entity have sold a total of about 1.59 million bitcoin-linked shares since the end of March. This equals approximately $32.7 million, with an average price of about $20.55.
On July 6, TeraWulf confirms its lease with Anthropic. According to the official press release, it is expected to generate nearly $19 billion in contractual revenue on 401 megawatts of critical load. At the same time, the company sold its 50.1% stake in the Abernathy joint venture for about $450 million.
The TeraWulf case is not isolated in the bitcoin miners universe engaged in AI CEO of Cipher Digital, Tyler Page, filed a transfer request for 112,500 shares worth $2.38 million on July 8. This action is part of a Rule 10b5-1 plan adopted in December 2025.
At Riot Platforms, CEO Jason Les sold:
175,000 shares for $4.2 million in May; an additional 250,000 shares for $7.03 million on June 22. As for Core Scientific, its legal officer sold 140,000 shares for $3 million on July 6. This brings his total sales to about 260,000 shares and $5.9 million.
That’s not all! At Hut 8, a director also sold 20,000 shares on May 21 for about $2 million. Admittedly, these transactions were executed under pre-established plans, but they still fuel doubt about the alignment between bitcoin mining executives and public shareholders.
The bitcoin mining sector faces another major challenge An analysis by VanEck published on June 16 estimates the short-term funding deficit at about $50 billion. However, this figure could rise to $221 billion to cover all future AI infrastructure needs.
Source: VanEck Research To bridge this gap, bitcoin miners have three options:
dilute shareholders through new share issuances; incur debt in a still high interest rate environment; sell part of their bitcoin reserves. Some have already started liquidating positions. If projections hold, AI could represent up to 70% of some bitcoin miners’ revenues by the end of 2026. Raising questions about the future role of BTC mining in their business model.
Bitcoin and governance: the IREN case and the question of stock tokens On June 30, the board of the former bitcoin miner turned AI cloud actor IREN approved the grant of over 18 million free shares in total to its two co-CEOs, William and Daniel Roberts, over a combined lock-up period of six years. The company assures that no other grants will be made before 2031.
The decision is not unanimous within the crypto community. Many point to the extent of dilution for bitcoin mining shareholders. Yet, IREN’s AI strategy has not yet proven sustainable profitability. Result: the stock price has fallen considerably.
What consequences for investors? For holders of shares linked to bitcoin mining, three points deserve particular attention:
the recurrence of insider sales during uptrends, an indicator of confidence; the method chosen to bridge the funding gap identified by VanEck; the real economics of signed contracts, beyond announcement figures. Dilution, debt or bitcoin sale? Each option will have a different impact on shareholder value.
Tether, for example, reduced its exposure to Bitdeer after increasing it during a market dip. This illustrates growing caution among strategic investors regarding AI-version bitcoin. If miners continue selling their reserves to finance AI infrastructure, this would indeed remove a historical buying pressure source from the bitcoin market.
Anyway, the technological transformation of bitcoin mining companies towards artificial intelligence is redefining industry standards. The current debate on governance and gain allocation could extend throughout the AI-backed crypto ecosystem.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
New Hampshire zamítl návrh na bitcoinem krytý komunální dluhopis ve výši 100 milionů dolarů, který měl být prvním svého druhu schváleným státem. Hlasování skončilo 3:2.
New Hampshire’s Executive Council voted 3-2 to reject a proposed $100 million Bitcoin-backed municipal bond, preventing what would have been the first state-authorized issuance of its kind.
The decision comes despite the bond receiving a provisional Ba2 credit rating from Moody’s earlier this year.
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The decision came months after the state’s Business Finance Authority (BFA) approved the groundbreaking bond structure, which aimed to bring Bitcoin-backed financing to the municipal bond market.
The proposed financing, developed by Wave Digital Assets in partnership with Rosemawr Management and the BFA, would have seen the BFA issue taxable municipal bonds backed by $175 million in Bitcoin collateral provided by CleanSpark, with BitGo Trust acting as custodian.
If Bitcoin’s value dropped below $140 million, the collateral would have been liquidated to ensure bondholders were repaid in full, without exposing taxpayers to losses.
Council members said the proposal failed to demonstrate meaningful benefits for New Hampshire and raised concerns about lending state legitimacy to a transaction tied to a highly volatile asset class.
Meanwhile, backers argued that the decision was a missed opportunity and urged officials to revisit the proposal.
“It was an extremely short-sighted decision,” New Hampshire House Majority Floor Leader Keith Ammon, who has long championed crypto initiatives in the state, said in a post on X. “They should gather all relevant facts and information and reconsider their vote at a future meeting.”
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Metaplanet zahájila společný průzkum Bitcoinem zajištěných digitálních úvěrových produktů s JPYC, Progmatem a svou japonskou divizí pro cenné papíry. Zatím však nebylo rozhodnuto o vydání žádného produktu.
Metaplanet has started a joint study into Bitcoin-backed digital credit products with stablecoin issuer JPYC, tokenization company Progmat and its securities arm in Japan.
Summary
Metaplanet will study Bitcoin-backed credit using JPYC settlement and Progmat’s security token infrastructure in Japan. No product has launched, while issuance timing, yields, terms, and distribution methods remain undecided. Project Nova seeks to turn Metaplanet’s Bitcoin treasury into collateral for regulated digital credit products. The study will assess whether Bitcoin can support digital corporate bonds and other credit products as collateral or a credit-enhancement asset. However, the companies said they have not decided to issue any product.
Metaplanet studies Bitcoin-backed digital credit According to Metaplanet’s July 10 announcement, the four companies will study product design, regulation, investor protection, settlement and technical requirements. Their work will cover digital corporate bonds and other blockchain-based credit instruments.
Metaplanet and Metaplanet Securities will lead product design and distribution. JPYC will examine stablecoin issuance, redemption and payment functions. Meanwhile, Progmat will provide infrastructure for security token issuance, ownership records and transfer controls.
The proposed structure would use security tokens to record investor rights. JPYC or similar yen-based instruments could handle interest payments, distributions and redemptions. The participants will also assess round-the-clock trading and daily interest calculations.
However, Metaplanet warned that “nothing has been determined” regarding issuance timing, yields, terms or distribution. Any future product would require internal approvals, technical checks and talks with relevant authorities.
Project Nova expands Bitcoin’s balance-sheet role The study forms part of Project Nova, Metaplanet’s plan to build a Bitcoin-focused financial services business in Japan. The company said the project treats Bitcoin as “productive collateral on the balance sheet” rather than only a reserve asset.
Under the plan, Bitcoin could back credit instruments while stablecoins and security tokens connect traditional securities infrastructure with blockchain settlement. Metaplanet said it wants to offer yield products and wider capital-market access to retail and institutional investors.
As previously reported by crypto.news, Metaplanet agreed in June to acquire Siiibo Securities for JPY 2.1 billion. The licensed brokerage is scheduled to become Metaplanet Securities on July 13.
The acquisition gives Metaplanet access to an established corporate bond platform and a Type I Financial Instruments Business Operator. The company previously said it could use the platform to distribute Bitcoin-linked bonds and other income products in Japan.
Bitcoin treasury reaches 43,000 BTC Metaplanet’s credit study follows another expansion of its corporate Bitcoin holdings. The company bought 2,823 BTC during the second quarter, raising its holdings to 43,000 BTC.
The company acquired the latest batch at an average price of about JPY 12.7 million per Bitcoin. Its total average purchase price stood near JPY 15.3 million per coin after the transaction.
At the same time, revenue from Metaplanet’s Bitcoin income business fell about 41% from the previous quarter to JPY 1.747 billion. The company has continued adding Bitcoin while developing products that could generate income from its treasury.
Metaplanet has also set a long-term goal of holding 210,000 BTC by the end of 2027. However, the new study does not confirm that the company will pledge its existing holdings to any specific credit product.
Tokenized credit market continues expanding The proposed study comes as demand for blockchain-based financial assets continues to grow. RWA.xyz tracks tokenized government debt, private credit, corporate credit, commodities and other real-world assets across public and private networks.
Metaplanet said credit is suited to digitization because interest, repayment and collateral terms are fixed when an instrument is issued. Blockchain systems can then manage ownership records, payments and redemptions.
Strategy mezi 1. a 5. červencem prodala 3 588 BTC za zhruba 216 milionů USD, což je největší jednorázová likvidace v historii firmy. Po prodeji drží 843 775 BTC.
Strategy, the company formerly known as MicroStrategy, sold 3,588 BTC for approximately $216 million between July 1 and July 5. That’s the largest single Bitcoin liquidation in the company’s history, and it came from the man who once made “never sell” sound like a blood oath.
Michael Saylor’s firm still holds 843,775 BTC after the sale.
From diamond hands to dynamic allocation Strategy didn’t sell Bitcoin because Saylor suddenly lost faith in his thesis. The company sold to replenish USD reserves earmarked for preferred-stock dividends on its Digital Credit securities.
The board authorized potential sales of up to $1.25 billion in Bitcoin on June 29, giving management room to sell significantly more if cash needs escalate. The goal, according to the company’s filings, is to avoid issuing additional equity, which would dilute existing shareholders.
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Strategy had already broken the seal in late May 2026, selling 32 BTC for $2.5 million. Selling 3,588 coins at roughly $60,000 each is not a rounding error.
The average sale price of approximately $60,000 per Bitcoin is worth noting because Strategy’s overall cost basis sits above that level — they sold at a loss relative to what they paid for much of their stack. The company reported an $8.32 billion loss in Q2 2026 related to digital assets.
Strategy is now framing this shift as “dynamic capital allocation” designed to improve Bitcoin-per-share metrics.
Why the market cares more than the math suggests 3,588 BTC represents roughly 0.4% of Strategy’s total holdings.
MSTR shares declined several percent intraday on July 6, though they stabilized afterward. Bitcoin itself saw modest selling pressure.
The board authorized up to $1.25 billion in potential Bitcoin sales. That’s roughly 20,800 BTC at current prices, or about 2.5% of the company’s total stack.
The institutional contagion risk The $8.32 billion quarterly loss on digital assets underscores how painful this Bitcoin winter has been for corporate holders who bought aggressively during the bull market. Strategy accumulated the vast majority of its 843,775 BTC at prices that now look elevated compared to current trading levels.
The Bitcoin-per-share metric that Strategy is now optimizing for could actually benefit remaining shareholders if executed well, since selling Bitcoin to avoid equity dilution preserves each share’s claim on the remaining stack.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Japonský věřitel CRYL spustil úvěry zajištěné bitcoiny až do výše 1 miliardy jenů (6,2 milionu USD), které umožňují získat fiat bez prodeje BTC. Úroky činí 3,5 % až 7 % ročně.
Japanese lender CRYL has launched Bitcoin-backed loans of up to 1 billion yen ($6.2 million), allowing individuals and businesses to raise fiat currency without selling their BTC.
On Thursday, the company announced that borrowers can access between 1 million yen ($6,200) and 1 billion yen ($6.2 million) at annual rates of 3.5% to 7%. The loans carry collateral ratios of 40% to 60%. They run for one year and can be used for expenses, including taxes, business funding and property purchases.
The launch expands Japan’s small market for regulated crypto-backed financing. In 2020, Fintertech, a Daiwa Securities Group and Credit Saison joint venture, launched a similar service and currently lends up to $3 million against Bitcoin or Ether. However, CRYL's service advertises a higher ceiling and a lower minimum, while limiting collateral to BTC.
CRYL framed the service as adding a third option beyond holding or selling their crypto. However, applicants must undergo screening, and most loans use a lump-sum repayment structure, with principal and interest due after one year.
Bitcoin-backed finance takes shape in JapanFintertech’s product shows that Bitcoin-backed lending has been available in Japan for several years. The company’s website currently lists loans for individuals and businesses with annual rates of 4% to 8%, a 50% collateral ratio and a minimum borrowing amount of 5 million yen ($31,000).
The service also gained a wider distribution channel in October 2025, when Daiwa Securities began introducing customers at its branches across Japan to Fintertech’s digital asset-backed loans. Fintertech is owned 80% by Daiwa Securities Group and 20% by Credit Saison.
Other Japanese companies are exploring how Bitcoin could support more complex credit products. On Friday, Metaplanet Securities, yen stablecoin issuer JPYC and tokenization infrastructure provider Progmat announced a study into using BTC as collateral or credit enhancement for digital corporate bonds and other blockchain-based credit instruments.
Unlike the loan products offered by CRYL and Fintertech, the Metaplanet initiative remains at the research phase, and the companies said no issuance has been decided.
Magazine: Bitcoin’s quantum dilemma: Bigger blocks or STARK proofs?
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Bitdeer otevře v Nevadě továrnu za 36 milionů USD na výrobu strojů SEALMINER pro těžbu bitcoinu, komerční produkce má začít do konce roku 2026. Akcie po oznámení vzrostly o 14,1 %.
Bitdeer Technologies has unveiled a $36 million manufacturing facility in Nevada, bringing production of its SEALMINER Bitcoin mining machines to the United States.
Summary
Bitdeer will invest $36 million in a Nevada factory to produce SEALMINER Bitcoin mining machines. The new Sparks facility is expected to begin commercial production by the end of 2026. Bitdeer shares jumped 14.1% as the company reported stronger U.S. manufacturing and 921 BTC mined in May. According to Bitdeer, the new plant in Sparks, Nevada, will manufacture key components for the company’s SEALMINER mining rigs, with commercial production scheduled to begin before the end of 2026. The company said the facility will strengthen its manufacturing capacity inside the United States while reducing its dependence on outside suppliers for critical mining equipment.
Shares of Bitdeer responded positively to the announcement, climbing 14.1% on Thursday to $14.33. Even after the rally, the stock remains about 27% below its June peak, although it has gained roughly 26% since the beginning of the year.
Nevada incentives support local manufacturing expansion Details released by Bitdeer show the Singapore-based company worked with Nevada Governor Joe Lombardo’s administration and local officials before selecting Sparks for the project. According to comments made by Bitdeer CEO Catherine Guo to local media, the state approved tax incentives, including reduced qualifying sales taxes, as part of the investment package supporting the facility.
Commercial production is expected to begin by year-end, allowing Bitdeer to manufacture more of its mining hardware domestically instead of relying as heavily on third-party suppliers. The company said the plant will focus specifically on Bitcoin mining equipment rather than artificial intelligence hardware.
Although the new factory centers on mining machines, Bitdeer has also expanded into AI cloud computing and high-performance computing services in recent years. According to the company, those businesses will continue separately from the Nevada manufacturing operation.
Bitcoin miners continue adding AI businesses Across the industry, publicly traded Bitcoin miners are investing beyond cryptocurrency mining as they seek additional revenue from power-intensive computing businesses.
MARA Holdings announced on Thursday that it plans to acquire a Texas site capable of supporting up to 2 gigawatts of capacity for AI and digital infrastructure projects. The company said the expansion will increase its ability to serve artificial intelligence workloads alongside its existing mining operations.
Earlier in the week, TeraWulf announced a 20-year data center lease agreement with AI startup Anthropic. According to TeraWulf, the contract could generate about $19 billion in revenue over its lifetime, highlighting the growing interest among mining companies in long-term AI infrastructure deals.
While several competitors are directing more resources toward AI data centers, Bitdeer continues expanding both its mining operations and supporting infrastructure. The Nevada facility adds manufacturing to that strategy by giving the company greater control over the production of its own mining hardware.
Separately, Bitdeer’s latest production update showed the company mined 921 Bitcoin during May. According to Bitdeer, the figure represents a 370% increase compared with the same month a year earlier, underscoring the rapid growth of its mining business as it adds new infrastructure and equipment.
The combination of higher Bitcoin production and domestic manufacturing comes as mining companies continue adjusting their business models after the latest Bitcoin halving. While many firms are pursuing AI-related contracts to diversify earnings, Bitdeer’s latest investment keeps its manufacturing expansion closely tied to its core Bitcoin mining business while increasing its presence in the United States.
BitGo spustilo sadu nástrojů pro řízení kvantových rizik pro institucionální bitcoinové peněženky. Nové funkce mají snížit expozici veřejných klíčů a zlepšit správu adres.
BitGo has introduced a suite of quantum risk management tools for institutional Bitcoin wallets, aiming to help clients identify, assess and reduce potential exposure to future quantum computing threats before they become a practical concern.
The tools expand BitGo's multi-signature custody platform with operational controls designed to improve wallet security, strengthen address management and reduce public key exposure across UTXO-based Bitcoin wallets, according to a statement on Thursday.
Quantum-risk tools target future computing threatsThe launch comes as concerns grow over the long-term implications of quantum computing on cryptocurrency protocols. While quantum computers capable of breaking Bitcoin's cryptography do not yet exist, security experts have increasingly urged institutions to prepare well in advance for the possibility.
"BitGo is investing in the foundation required for a post-quantum future for our clients," said BitGo CEO and co-founder Mike Belshe.
The firm noted that its multi-signature wallet architecture already minimizes unnecessary key exposure by using strict address hygiene and generating new addresses for Bitcoin transactions. The latest release adds new tools that provide institutions with greater visibility into wallet exposure and workflows for reducing potential risks at scale.
BitGo expands wallet risk management capabilitiesAmong the new features is a Quantum Risk Score that measures potential quantum-related exposure across supported Bitcoin wallets. The platform also introduces a smart UTXO selection method that groups and prioritizes unspent transaction outputs by address, helping reduce exposure that can arise from partial Bitcoin spends.
"We believe the safest key is one whose public key has never been revealed onchain. These capabilities give institutions a practical way to understand and reduce quantum exposure while continuing to rely on the proven security of multi-signature,” Belshe added.
BitGo has also added a guided "Fix Exposed Addresses" workflow, allowing institutions to move funds from addresses with elevated exposure into newly generated addresses with improved key hygiene.
In addition, updated default address-type controls are designed to reduce reliance on Bitcoin address formats and transaction patterns that may introduce additional quantum-related considerations.
The company noted that the tools are intended to complement, rather than replace, future protocol-level upgrades that could introduce post-quantum cryptographic protections to the Bitcoin network.
"Nobody has a quantum computer that can touch Bitcoin today, but that's exactly why the work should start now, while it's calm and optional rather than urgent and forced," Blockstream co-founder Adam Back stated.
BitGo noted that the new capabilities apply to supported UTXO-based assets and multi-signature wallet configurations, enabling institutions to proactively manage address-level risks using currently available technologies.
Ve 2. čtvrtletí 2026 veřejně obchodované firmy nakoupily 110 000 BTC, téměř dvojnásobek proti předchozím dvěma čtvrtletím dohromady. Jejich držby už přesahují 1,26 milionu BTC, tedy více než 6 % nabídky Bitcoinu.
Public companies went on a Bitcoin shopping spree in Q2 2026 that makes their prior accumulation look like a warm-up lap. Over the quarter, publicly traded firms collectively scooped up 110,000 BTC, a figure that’s 1.8 times the total they acquired across the previous two quarters combined.
Total corporate Bitcoin holdings now exceed 1.26 million BTC, valued at roughly $79 billion. That’s more than 6% of Bitcoin’s hard-capped 21 million supply locked up in public company balance sheets.
Corporations are outpacing the miners Year-to-date through early July 2026, public companies have added a net 166,984 BTC to their reserves. During that same stretch, Bitcoin miners produced approximately 81,153 BTC.
In English: corporations are buying more than twice the amount of new Bitcoin entering existence. When a growing number of buyers compete for a shrinking pool of available coins, the float gets squeezed.
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Who’s doing the buying No surprise at the top of the leaderboard. Strategy, the firm formerly known as MicroStrategy, remains the undisputed heavyweight champion of corporate Bitcoin accumulation. The company holds approximately 843,775 to 847,000 BTC.
Interestingly, even Strategy isn’t purely in accumulation mode anymore. The company sold 3,588 BTC in late June and early July, a tiny fraction of its total stack but notable because it represents one of the few times the firm has moved coins out the door rather than in.
Behind Strategy, two names have emerged as serious contenders. Twenty One Capital holds around 43,500 BTC, while Metaplanet has built a position of roughly 43,000 BTC.
The concentration is worth noting. Strategy alone accounts for roughly two-thirds of all publicly held corporate Bitcoin. The remaining third is spread across a growing but still relatively small cohort of companies.
What this means for investors The supply-demand imbalance is the headline risk and opportunity. With corporate buyers absorbing more than double the new supply being mined, Bitcoin’s available float is shrinking in real time.
There’s a reflexivity problem worth watching. Many of these companies fund their Bitcoin purchases by issuing equity or convertible notes. That works beautifully when Bitcoin’s price is rising and investor appetite for these instruments is strong. It works considerably less well during drawdowns, when the same companies face margin pressure and potentially need to sell into weakness. Strategy’s small sale in late June could be a one-off, or it could be a preview of what happens when even the most committed holders need liquidity.
The 6% supply concentration in public company hands also introduces a new category of systemic risk. If a major holder ever faced a forced liquidation, whether from regulatory action, a corporate restructuring, or a leveraged position gone wrong, the market impact could be severe. Bitcoin has never had this much supply held by entities subject to quarterly earnings calls and SEC filings.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Brazilská B3 začala 6. července obchodovat opce na bitcoinových futures, etherových futures a solanových futures. Nové kontrakty dávají investorům regulovaný způsob, jak hedgeovat expozici bez držby tokenů.
Por Que a B3 Está Ampliando os Derivativos de Cripto? A bolsa brasileira B3 expandiu sua oferta regulada de derivativos de criptoativos com opções sobre futuros de bitcoin, ether e solana, oferecendo a traders locais e gestores de ativos mais um ambiente para gerenciar exposição a ativos digitais sem precisar migrar para mercados de cripto no exterior.
Os novos contratos passaram a ser negociados em 6 de julho, de acordo com um comunicado da B3. O lançamento inclui opções de compra e venda sobre futuros de bitcoin denominados em reais, enquanto os futuros de ether e solana são denominados em dólares americanos.
O lançamento adiciona mais uma camada à crescente estrutura do mercado regulado de cripto no Brasil. Em vez de oferecer custódia de cripto à vista ou liquidação direta de tokens, a B3 está construindo derivativos listados vinculados a benchmarks de cripto. Essa abordagem permite que participantes institucionais negociem exposição a preços, volatilidade e estratégias de hedge por meio de instrumentos negociados em bolsa, permanecendo dentro de um ambiente de mercado regulado.
O momento também é relevante. O Brasil já é um dos mercados de cripto mais ativos da América Latina, com forte demanda por stablecoins, produtos de investimento em cripto e acesso regulado à negociação. Ao expandir as opções vinculadas a futuros, a B3 está se posicionando como um provedor de infraestrutura local para gestão de risco em cripto, em vez de deixar as atividades de negociação mais avançadas para plataformas no exterior.
Como Funcionam os Novos Contratos? As opções são liquidadas nos contratos futuros subjacentes, não em bitcoin, ether ou solana propriamente ditos. A B3 informou que os produtos não envolvem custódia, transferência ou administração de criptoativos à vista.
Essa distinção é central para o desenho do produto. A liquidação em futuros permite que a bolsa ofereça exposição vinculada a cripto evitando os problemas operacionais associados à posse direta de tokens. Isso também dá a corretoras, gestores de ativos e traders profissionais um framework mais claro para margem, compensação e gestão de risco.
Os contratos são negociados de forma independente das 9h às 18h30, horário local, de acordo com o cronograma de negociação de derivativos da B3. O exercício é automático no vencimento quando a opção está dentro do dinheiro (in the money), a menos que o titular bloqueie o exercício.
Os 3 produtos referenciam índices de cripto da Nasdaq, segundo o anúncio. O contrato futuro de bitcoin da B3 é denominado em reais, enquanto seus futuros de ether e solana são denominados em dólares americanos. Essa divisão dá à exposição em bitcoin uma estrutura em moeda local, enquanto ether e solana permanecem vinculados à precificação em dólares.
Resumo para Investidores As novas opções de cripto da B3 dão aos investidores brasileiros uma forma regulada de negociar volatilidade e proteger exposição sem precisar tomar custódia dos tokens. A estrutura mantém os produtos mais próximos dos mercados de derivativos tradicionais do que da negociação de cripto à vista no exterior.
O Que Isso Significa Para Traders e Gestores de Ativos? Para os traders, a principal mudança é o acesso a opções listadas localmente vinculadas aos principais futuros de cripto. Isso facilita a construção de posições direcionais, o hedge de exposição em futuros, a negociação de volatilidade implícita e a estruturação de estratégias mais complexas envolvendo bitcoin, ether e solana.
Para gestores de ativos, os produtos podem ajudar a gerenciar o risco de portfólio sem depender de plataformas de opções de cripto no exterior. Um mercado listado local também pode reduzir o atrito operacional para empresas que enfrentam restrições internas sobre custódia, risco de contraparte ou negociação fora de bolsas reguladas.
O recurso de exercício automático também aproxima os produtos das práticas padrão do mercado de derivativos. Quando uma opção vence dentro do dinheiro, ela é exercida no contrato futuro subjacente, a menos que o titular bloqueie o exercício. Isso pode simplificar a execução para usuários profissionais, embora também exija gestão ativa de margem e posição próximo ao vencimento.
O desenho do produto pode atrair principalmente participantes que já compreendem a exposição a cripto baseada em futuros. Como as opções são liquidadas em futuros, e não em tokens, os usuários precisam gerenciar os riscos dos contratos futuros subjacentes, incluindo alavancagem, chamadas de margem, base e denominação em moeda.
Por Que Isso Importa Para o Mercado de Cripto do Brasil? O lançamento amplia a aposta da B3 em produtos regulados de cripto, após movimentos anteriores de listar opções de bitcoin, futuros de ether e solana, e preparar contratos de evento vinculados ao bitcoin. A bolsa está construindo um conjunto de ferramentas mais amplo em torno de ativos digitais, mantendo os produtos dentro da estrutura de derivativos listados.
Essa estratégia reflete uma tendência mais ampla na adoção institucional de cripto. Plataformas reguladas não estão apenas oferecendo exposição direta aos preços de cripto. Elas também estão construindo os instrumentos necessários para hedge, negociação de volatilidade e alocação estruturada. As opções são uma parte importante desse mercado porque permitem que os investidores gerenciem o risco de queda, expressem visões sobre volatilidade e criem posições de risco definido.
O mercado brasileiro é especialmente relevante porque a demanda local por exposição a cripto tem crescido junto com os esforços regulatórios para trazer a atividade de ativos digitais para canais financeiros formais. A expansão da B3 dá aos participantes domésticos mais ferramentas, mas também aumenta a importância da liquidez, da precificação transparente e dos controles de risco.
As novas opções não eliminam a volatilidade subjacente das criptomoedas nem a incerteza regulatória. Elas, no entanto, oferecem aos investidores profissionais uma forma mais familiar de gerenciar essa volatilidade dentro da infraestrutura de bolsa do Brasil. Para a B3, o lançamento fortalece seu papel como o principal portal regulado do país para derivativos vinculados a cripto.
Strategy spustila interaktivní kreditní model, který ukazuje, že i při stagnaci bitcoinu by její krypto rezervy ve výši 52,87 miliardy USD a hotovost 2,55 miliardy USD pokryly dividendy na 30 let.
Michael Saylor’s company Strategy has launched an interactive credit model, enabling investors to assess the company’s debt resilience in real time. The announcement landed just two days after Strategy confirmed it had sold 3,588 BTC for $216 million to bolster dollar liquidity and cover preferred share payments. Formerly known as MicroStrategy, the company is widely recognized for holding significant amounts of Bitcoin on its balance sheet as part of its enterprise software and treasury operations.
Credit model introduced after Wall Street scrutinyThe new simulator comes as a direct response to renewed risk debates on Wall Street about Strategy’s business model. It is designed to provide analysts with tangible data on how long the company can sustain its debt obligations even if there’s no significant uptrend in Bitcoin’s value.
Strategy emphasizes that converting reserves to cash is not a desperate move but rather part of a broader capital structure it describes as the digital credit capital framework.
The model released by Strategy allows investors to see exactly under what circumstances the company can meet its dividend and coupon commitments, even if Bitcoin growth comes to a standstill.
Cash buffer for 30 years takes the spotlightThe underlying data in the simulator reveals the limits of Strategy’s current capital structure. Even in a scenario where Bitcoin’s value stagnates for decades, the company’s $52.87 billion in crypto reserves and $2.55 billion in USD reserves would allow all dividend payments to be honored for a full 30 years without interruption.
One particularly notable metric is the annual breakeven return. According to the BTC Breakeven ARR, Bitcoin does not have to stage a dramatic rally for Strategy to meet all its coupon and dividend payments without tapping new capital—an average annual increase of just 3.33% would keep the commitments solvent.
IndicatorDataBTC sold3,588 BTCSales proceeds$216 millionCrypto reserves$52.87 billionUSD reserves$2.55 billionPayment buffer30 yearsAnnual breakeven growth3.33%Debt commitments and new financial toolsStrategy is currently managing $6.714 billion in convertible bond debt and an additional $15.464 billion tied to preferred shares. These obligations bring its total debt load to $22.178 billion, while the company’s BTC Rating—a measure of assets to liabilities—stands at 2.7 times.
Michael Saylor’s long-standing approach centered on relentless Bitcoin accumulation. However, the arrival of the STRC debt instrument has altered this dynamic. As of July, the volume-weighted average market price of STRC shares fell below their par value of $100, prompting the company to increase the dividend rate to 12.00% in order to defend market prices.
The company acknowledged that higher dividend rates require consistent fiat cash inflow, so it has utilized up to $1.25 billion worth of BTC-to-cash conversion, as approved by its board of directors.
This shift signals a move away from passive holding towards a more flexible asset management strategy. Strategy’s new interactive model aims to limit the influence of traditional credit agencies and provide investors with a transparent, data-driven view of debt sustainability—even in a non-rallying crypto market environment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
B3 spustila opce na futures na Bitcoin, Ether a Solanu, čímž uzavřela svou nabídku krypto derivátů. Nové kontrakty pod tickery BIT, ETR a SOL jsou pod dohledem CVM.
Latin America’s biggest stock exchange just made its boldest crypto move yet. B3, the São Paulo-based exchange that dominates trading across the region, launched options on Bitcoin, Ether, and Solana futures on July 6, completing a derivatives trifecta that took roughly two years to build.
The new contracts trade under the tickers BIT, ETR, and SOL. At expiration, they automatically exercise into the underlying futures positions, meaning traders never have to fumble with spot token custody. Settlement happens either in cash or through the futures contract itself.
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What B3 actually built The options trade independently from 9:00 a.m. to 6:30 p.m. São Paulo time. B3 has enlisted designated market makers to keep bid-ask spreads tight and ensure adequate liquidity.
This launch didn’t happen overnight. B3 introduced Bitcoin futures back in April 2024 with a contract size of 0.1 BTC. Ether and Solana futures followed on June 16, 2025. The options layer is the natural next step, giving traders the ability to construct limited-risk strategies around positions they already understand.
Rafael Tsopanoglou Teodoro, B3’s Product Manager for Currencies, framed the expansion as a way to connect Brazilian investors with global market trends while maintaining robust risk management. The entire operation runs under the oversight of Brazil’s securities regulator, CVM.
What this means for investors For retail traders in Brazil, the immediate impact is access. Options allow for strategies like protective puts and covered calls that were previously only available through unregulated venues. The automatic exercise into futures removes a layer of complexity that often trips up less experienced traders.
For institutional investors, B3’s regulated framework is the main draw. Asset managers, hedge funds, and family offices that are mandated to trade on regulated venues now have a compliant way to gain crypto options exposure across three major assets. The CVM oversight means these products come with standardized clearing, counterparty risk mitigation, and the kind of audit trail that compliance departments demand.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Wells Fargo v SEC přiznala masivní expozici vůči Bitcoinu, ETH a Solaně prostřednictvím ETF i akcií. Nejvíce zvýšila podíl ve společnosti Strategy (MSTR) o 125 % na téměř 726 000 akcií.
Wall Street giant Wells Fargo revealed massive crypto holdings via exchange-traded funds (ETFs) and stocks. The banks revealed exposure to Bitcoin, Ethereum (ETH), Solana, Strategy (MSTR), Bitmine (BMNR) and other crypto stocks.
Wells Fargo Reveals Bitcoin, ETH, Solana ETFs Exposure In its latest SEC filing, $2.5 trillion AUM Wells Fargo disclosed 6.5 million shares in BlackRock Bitcoin ETF (IBIT). It also revealed a new call position and an increase in put position in IBIT amid growing uncertainty during the US-Iran war.
IBIT holdings dropped by 75,102 shares compared to the Q4 quarter. Moreover, the Wall Street giant cut its exposure to the Invesco Galaxy Bitcoin ETF (BTCO), Ark 21Shares Bitcoin ETF, and the Fidelity Bitcoin ETF (FBTC).
While Wells Fargo decreased holdings in IBIT, Bitcoin exposure increased in Grayscale Bitcoin Mini ETF, Bitwise’s BITB, and GBTC. Notably, BITB holdings climbed 24% quarter-on-quarter.
Meanwhile, Wells Fargo boosts Ethereum ETF holdings with a 65% rise in BlackRock Ethereum ETF (ETHA) shares. The bank now holds more than 1.10 million ETHA shares worth $17.56 million.
In addition, the banking firm holds 257,157 Bitwise Ethereum ETF, 4,637 Grayscale Ethereum Staking ETF, and 623 VanEck’s ETHV shares.
Also, Wells Fargo disclosed new exposure to Solana ETFs. It scooped 13,280 in Grayscale’s GSOL and 1,638 in Fidelity Solana Fund (FSOL).
Holding in Strategy’s MSTR, Bitmine, and other Crypto Stocks On the crypto stocks side, Wells Fargo significantly ramped up its position in Michael Saylor’s Strategy (MSTR). The bank boosted its MSTR shares by 125% to almost 726,000 shares, adding an estimated $41.5 million in exposure. Notably, Strategy plans sell Bitcoin, but Grayscale claims Strategy’s Bitcoin sales are good for markets.
It also revealed new holdings in the Trump family’s American Bitcoin Corp (ABTC) and Strive (ASST). This move highlights a preference for established Bitcoin treasury companies over direct mining or trading firms.
The bank significantly increased its holdings in Bitmine Immersion’s BMNR from 2,323 to 21,547 stocks. This makes an 828% rise in Ethereum treasury exposure to $426K.
Robinhood (HOOD) shareholdings jumped from 65% to 2.56 million shares. Wells Fargo also opened put option positions for almost $116K. As CoinGape reported earlier, Robinhood CEO Vlad Tenev sold HOOD shares earlier this week.
In contrast, the bank sharply reduced its stake in Galaxy Digital by about 97% and 25% in Coinbase (COIN). This signals a strategic shift away from certain crypto stocks.
Also Read: 11 Best Crypto Copy Trading Platforms in July 2026
Bitcoin Core 31.1 opravuje kritickou chybu, která mohla při použití -privatebroadcast odhalovat IP adresu uzlů. Aktualizace zároveň řeší problémy s databází a diskovou zátěží.
Bitcoin developers have rolled out Bitcoin Core version 31.1, a maintenance release that contains bug fixes and performance enhancements.
The new software notably addresses a significant privacy vulnerability that risked exposing node operators' network data.
Plugging the privacy leakA security vulnerability within the platform's privacy configurations is the most notable patch that has been delivered with the new release. Specifically, the update delivers a fix for an IP address leakage issue.
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The software "fixes an IP address leak when using the -privatebroadcast feature."
The privacy mechanism was failing to route data securely under certain conditions.
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However, the update now ensures that node operators can remain anonymous without inadvertently revealing their clearnet IP addresses.
Fixing disk overload and wallet tweaksOn top of the security patch, Bitcoin Core v31.1 also resolves a flaw within its database engine that was causing hardware strain. The release contains fixes for the "-privatebroadcast IP address leak as well as leveldb causing excessive disk operations."
This version specifically "fixes an issue where the chainstate database would repeatedly rewrite large portions of itself, causing excessive disk reads and writes during normal operation."
The wallet infrastructure also received important maintenance. Under the designated wallet changes, the development team integrated pull request o "check the final BDB page LSN during migration" alongside a fix to "use outpoint when estimating input size."
Node operators have to promptly update their systems to benefit from the security and database improvements. Users have to shut down their active node entirely before installing the new binaries.
Bitcoin ETF po osmi týdnech odlivů zaznamenaly čisté přílivy ve výši 510 milionů USD za tři dny. Institucionální prodejní tlak slábne, ale trh dál brzdí Fed a geopolitické napětí.
After weeks of massive outflows, institutional investors seem to be changing course. Crypto investment products listed on Wall Street (Bitcoin ETFs) are recording a significant slowdown in selling pressure, a signal the market was waiting for to hope to stop its correction. This reversal, still fragile, offers a glimpse into the mindset of major investors facing economic uncertainties and could mark the start of a new sequence for cryptos.
In brief Bitcoin ETFs end eight weeks of capital outflows, with $510 million in inflows rekindling hope of a market turnaround. Institutional investors remain under pressure, as the average acquisition cost of ETFs remains well above Bitcoin’s current price. Whale sales are slowing, but Fed monetary policy and geopolitical tensions continue to weigh on market outlooks. The return of capital marks an encouraging signal, though several obstacles could still hinder a lasting Bitcoin recovery. The return of capital to Wall Street after a historic disengagement Bitcoin-backed ETFs have just interrupted an unprecedented downward spiral thanks to a marked reversal in investor activity. The latest market reports reveal particularly precise numerical indicators for the recent period :
Capital injections : investment products attracted about $510 million in net inflows over three consecutive days ; The end of withdrawals : this movement ends a continuous sequence of eight weeks of outflows during which ETFs lost a total of $8 billion ; The interim annual balance : following this prolonged purge, the net outflow balance since the beginning of the year now stands at $2.8 billion. Asked about this change in trajectory, James Butterfill, research director at asset manager CoinShares, confided: “it seems that sentiment is turning”. The researcher also provided a major quantitative detail on the end of this bearish cycle by stating: “these are the largest inflows we’ve seen since the start of outflows at the beginning of May, suggesting we may have passed the worst”.
Regarding the structure of this disengagement, the analysis shows that the capital retraction proportionally represented 8% of the total assets under management of Bitcoin ETFs. This behavior faithfully mirrors capital capitulations observed at cycle lows in 2018. Although spectacular in duration, this unwinding of positions remains technically comparable to the episode in February last year, during which institutional investors withdrew a total of $5.2 billion from these same financial vehicles.
Institutional unrealized losses and the technical review of the purge Beyond recent cash flows, the financial reality of current ETF allocators reveals a critical situation. According to Glassnode calculations based on the average acquisition cost of these financial instruments, the average buyer of these products is currently in an unrealized loss position.
On-chain data indicate that investors mostly gained exposure when Bitcoin was trading around $83,800. This setup explains the current market’s great caution, while the asset is currently trading around $62,000, showing a 4% increase over a week but still affected by its correction to $58,000 at the beginning of the month and its continuous decline from the $126,000 peak set last October.
However, the intensity of this institutional capitulation deserves to be tempered compared to major crises experienced by the ecosystem in the past. Despite the severity and duration of the recent price drop, the peak net daily outflows for these funds stabilized at $733 million. This important psychological threshold did not exceed the absolute disengagement records recorded multiple times throughout last year.
This shows that while outflows set a duration record, daily panic remained relatively contained. Institutional investors thus managed their positions in a more algorithmic and orderly way than in previous cycles.
Whale movements and macroeconomic drags from the Fed The hopes for a structural recovery face underlying market forces and a particularly tight global monetary environment. Alongside ETFs, selling pressure has intensified from whales holding at least 1,000 Bitcoins. These large wallets have liquidated over $40 billion in assets since last year’s price peak.
James Butterfill notes that this major source of devaluation and specific selling pressure has just eased, offering technical relief to the market. However, the U.S. Federal Reserve continues its restrictive policy to fight inflation, while geopolitical tensions in the Middle East keep weighing on risky assets.
James Butterfill highlights the limits of short-term excessive optimism: “we are not in a situation where we can say the Fed is about to cut rates, and that would be very favorable for bitcoin”. The expert reminds the crypto’s intrinsic dependence on central bankers’ decisions concluding : “bitcoin remains very, very sensitive to inflation outlooks, and by extension, the war in Iran and Fed prospects”.
The cross-analysis of this data demands a nuanced reading of market prospects. On one side, the return of inflows at $510 million, despite eight weeks of capital outflows, shows that institutional investors perceive the current zone as a relevant entry point. On the other, the fact that the average cost base is at $83,800 creates psychological resistance, with many players simply waiting to break even in an uncertain macroeconomic context.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
On July 8, spot Bitcoin ETF flows in the United States returned to negative territory, with ETFs seeing net outflows of 84.86 million dollars for the day. Despite some modest signs of recovery earlier in the week, the numbers revealed that institutional investors remain cautious when it comes to Bitcoin.
Divergence between Bitcoin and Ethereum funds widensOn the same day, spot Ethereum ETFs attracted 70.48 million dollars in net inflows, extending their positive streak to five consecutive trading days. Recent data indicates that, at least in the short term, institutional capital is showing greater interest in Ethereum than in Bitcoin.
Data for July 8 shows net outflows of 84.86 million dollars from spot Bitcoin ETFs, contrasted by inflows of 70.48 million dollars into spot Ethereum ETFs. Notably, Ethereum has now logged five straight days of positive inflows.
An ETF, or exchange-traded fund, allows investors to gain exposure to an asset’s price movements without holding the asset directly. Spot ETFs, as distinct from futures-based products, track the real-time market price of the underlying asset rather than derivatives contracts.
Bitcoin fund weakness persists following last week’s routThe recent trend in Bitcoin investment products has already been under considerable strain. Cumulative net outflows from spot Bitcoin ETFs exceeded 526 million dollars last week. Though there were several days of inflows that briefly slowed the exodus after a historically weak period, the renewed pullback on July 8 suggests that many investors are reluctant to re-enter the market with confidence.
Volatility in Bitcoin has been fueled by ongoing macroeconomic uncertainty. Shifting interest rate expectations, global geopolitical tensions, and changing risk appetites are among the key drivers of ETF flows in recent weeks.
Institutional interest in Ethereum gathers momentumEthereum has shown stronger momentum with institutional inflows over the last week. The latest 70.48 million dollar addition builds on a series of consecutive positive days, indicating that, despite market volatility, some investors are carving out larger positions in ETH.
Market participants cite Ethereum’s expanding role in tokenization, decentralized finance (DeFi), and institutional blockchain infrastructure as key factors fueling demand. The growing interest from asset managers in Ethereum-based products is helping to sustain inflows even as Bitcoin funds experience turbulence.
Spot ETF movements continue to be one of the most closely watched indicators for measuring institutional sentiment toward digital assets.
ETF flows offer insight into market directionSpot ETF figures have become a crucial barometer for reading how professional investors view digital assets. Robust inflows are often interpreted as a sign of growing confidence, while sustained outflows point to a defensively oriented market stance.
Though Bitcoin ETFs posted another day of net outflows, the retreat was less dramatic than in previous weeks, suggesting that selling pressure may be stabilizing rather than intensifying. In contrast, Ethereum’s five-day inflow streak reveals that capital is being selectively deployed into areas perceived to offer more compelling short-term opportunities.
With Bitcoin trading around 62,000 dollars, ETF flows are expected to remain a leading indicator of institutional participation in the ever-sensitive and rapidly shifting crypto market in the weeks ahead.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ruská Státní duma schválila návrh, který ruší povinnost hlásit adresy peněženek, omezuje retailové investice do krypta na 300 000 rublů ročně a zavádí 48hodinové zpoždění u velkých zahraničních převodů.
Russia’s State Duma has approved a revised cryptocurrency oversight bill that eliminates the requirement for users to disclose wallet addresses to authorities, setting a cap on retail investment at 300,000 rubles annually, and introducing a 48-hour delay on large foreign transfers. This legislative move marks a significant shift from previous drafts by reducing regulatory burdens on crypto usage. The Central Bank of Russia is designated as the regulatory body, with the law expected to take effect on September 1, 2026. Analysts suggest that these changes could foster a more favorable environment for cryptocurrency markets within Russia, potentially influencing global crypto sentiment.
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Key Takeaways Russia’s revised bill appears to reduce regulatory burdens by removing the requirement to disclose wallet addresses. The legislation suggests a more controlled approach with a cap on retail crypto investments and a delay on large transfers. Market pricing suggests that these developments could influence optimism about Bitcoin’s future price trajectory. What to Watch Observers will closely monitor the implementation of this legislation to assess its impact on the Russian crypto market and global sentiment. The Central Bank of Russia’s role as the regulatory body will be crucial in determining how these changes affect market dynamics. Developments in U.S. crypto legislation and Federal Reserve rate decisions could further impact market perceptions and Bitcoin’s price outlook.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 1.6% — — View market → December 31 1.9% — — View market → December 31 2.4% — — View market → December 31 3.4% — — View market → December 31 5.5% — — View market → January 1 2027 10% — — View market → January 1 2027 36.5% — — View market → January 1 2027 5.5% — — View market → January 1 2027 1.8% — — View market → January 1 2027 1.9% — — View market → January 1 2027 3.2% — — View market → January 1 2027 3.4% — — View market → January 1 2027 6.5% — — View market → January 1 2027 71.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 1.4% — — View market → January 1 2027 4% — — View market → January 1 2027 48.5% — — View market → January 1 2027 24% — — View market → January 1 2027 9.5% — — View market → January 1 2027 3.6% — — View market → January 1 2027 3.9% — — View market → January 1 2027 2.8% — — View market → January 1 2027 1.2% — — View market → January 1 2027 0.9% — — View market → January 1 2027 12.5% — — View market → January 1 2027 22.5% — — View market → January 1 2027 32.5% — — View market → January 1 2027 47.5% — — View market → January 1 2027 66.5% — — View market →
Stacking DAO oznámila stBTC, likvidní stakovanou verzi Bitcoinu pro nadcházející Bitcoin Staking na Stacks. Token má přinést očekávaný výnos kolem 3 % a zároveň zachovat likviditu BTC.
New York, NY, United States, July 8th, 2026, Chainwire
Stacking DAO today announced stBTC, a liquid staked version of Bitcoin built for Stacks’ upcoming Bitcoin Staking release. stBTC will let Bitcoin holders earn yield through staking while keeping their capital liquid and ready to move across the rest of the Stacks ecosystem.
Bitcoin is the largest pool of capital in the digital economy, and most of it sits idle. Only a small fraction of Bitcoin’s supply is deployed in on-chain finance today, while the rest stays parked in custody, exchange-traded funds, and treasuries. Stacking DAO built stBTC to close that gap and give Bitcoin holders a native path to put their capital to work.
stBTC is the missing bridge between earning Bitcoin yield and putting Bitcoin capital to work. A holder will be able to stake Bitcoin and participate in Bitcoin-native finance at the same time, rather than choosing between the two.
“Bitcoin has never had a true staking economy of its own, and stBTC for Bitcoin staking on Stacks is our answer to that gap,” said Tycho Onnasch, Core Contributor, Stacking DAO. “Holders can earn Bitcoin yield while keeping their capital liquid, and they get an asset they can keep using across Stacks for additional returns.”
stBTC represents BTC bonded to Stacks’ Bitcoin Staking system, where it earns a base yield expected to launch around 3% under the protocol’s initial parameters. The underlying Bitcoin remains locked in the bond, secured entirely by Bitcoin, while stBTC itself stays liquid and transferable.
That liquidity is the point. A holder can stake and stop there, earning the base yield on Bitcoin they still hold. From that floor, stBTC can flow into the financial applications already live on Stacks, including lending platforms like Zest Protocol and trading pools like BitFlow, with the base yield continuing to accrue underneath. Capital already actively deployed across Stacks protocols sits at $121 million, led by Zest Protocol, Granite, and Stacking DAO, according to DeFiLlama. stBTC gives that stack a new entry point for fresh Bitcoin capital.
stBTC is also Bitcoin-native by design. The Stacks network settles activity on Bitcoin through Proof of Transfer, backed by 100% of Bitcoin’s hashpower, and reads Bitcoin’s state directly with no oracle or trusted relay. This stands apart from past attempts to bring Bitcoin into DeFi by wrapping it onto other chains and routing it through centralized custodians. stBTC keeps the decentralization, settlement, and the security of Bitcoin itself.
The yield model is designed to outlast its own bootstrap phase. Economic activity across Stacks, powered by STX, generates fees that fund miner rewards. Miners spend Bitcoin to win those fees and secure the network, and that Bitcoin flows back into the staker pool, where the base yield originates. As more capital moves through the ecosystem, the yield shifts from relying on emissions to running on real economic activity.
Stacking DAO is well positioned to bring stBTC to market. The team has run STX Stacking infrastructure for over 2 years, managing over $150m of peak staked capital for 40,000+ stakers without a security incident. That track record is what makes Stacking DAO the team building the liquid staking layer for Bitcoin on Stacks now.
stBTC is expected to launch just before Stacks’ Bitcoin Staking release. Bitcoin holders will be able to stake BTC, receive stBTC, and begin earning yield directly through Stacking DAO at stackingdao.com.
About Stacking DAO
Stacking DAO is the STX Stacking infrastructure powerhouse for the most prominent Bitcoin L2. Users can learn more at stackingdao.com
About Stacks
Stacks is the leading Bitcoin layer by BTC deployed, providing infrastructure for a growing range of Bitcoin-native applications. The network enables Bitcoin-native financial applications, from lending and borrowing to autonomous AI agents, all settled with Bitcoin finality. Users can learn more at stacks.co
SpaceX poprvé za šest měsíců přesunula BTC on-chain a poslala mezi dvěma svými peněženkami testovací transakci za 88 dolarů. Zatím nic nenasvědčuje prodeji, drží 18 712 BTC.
SpaceX moved Bitcoin (BTC) on-chain for the first time in six months on Tuesday. The company sent an $88 test transaction between two of its tagged wallets, blockchain tracker Arkham Intelligence reported.
The tiny transfer instantly revived a familiar question. SpaceX holds 18,712 BTC, and Elon Musk’s companies rarely touch their coins without drawing market attention.
Is SpaceX Moving Its Bitcoin?Arkham flagged the transaction on Wednesday. The funds traveled from a legacy “15atF” address to a newer “bc1q9” address.
SpaceX Bitcoin test transaction between tagged wallets. Source: Arkham “A tagged SpaceX address just moved Bitcoin for the first time in 6 months. SpaceX (15atF) made a test transaction of $88 of BTC to SpaceX (bc1q9). Is SpaceX about to move more BTC?” Arkham posed.
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The question posed by Arkham itself fuels speculation. Tiny test sends are a standard custody step that verifies a new address before larger sums follow.
SpaceX has followed this playbook before. In October 2025, Arkham research recorded 2,495 BTC, worth $257 million, landing in two fresh wallets after months of quiet. That followed a $300 million shift to Coinbase Prime custody in July 2025.
SPACEX MOVING $250 MILLION BTC
SpaceX has just moved a total of $268.5 Million BTC. This involves them moving 90 and 10 BTC to separate wallets, with the other $257.7M remaining in SpaceX wallets.
What is SpaceX doing with 100 BTC? pic.twitter.com/Hb4rPBx7Ma
— Arkham (@arkham) October 21, 2025 Traders also remember that SpaceX has sold before. Arkham’s records show it offloaded two large chunks of its stack during the 2022 crypto winter. Tesla, by contrast, has left its 11,509 BTC untouched since 2024.
No Evidence of a Sale as Holdings Stay at 18,712 BTCStill, nothing currently points to selling. BitcoinTreasuries shows 18,712 BTC, unchanged since the May 21 S-1 filing that preceded SpaceX’s June 12 IPO.
SpaceX BTC Holdings. Source: Bitcoin TreasuriesThat filing also reframed what wallet watchers can see. On-chain trackers had estimated roughly 8,285 BTC, so the disclosure revealed 10,427 BTC they had never traced. In other words, Arkham’s tagged addresses cover less than half the treasury.
Ownership concentrates the decision further. Musk was expected to keep a controlling stake above 85%, leaving any accumulation or disposal at his discretion.
The timing adds intrigue. SpaceX stock joined the Nasdaq-100 this week, while BTC trades near $62,060, roughly half its October peak of $126,080. Consequently, the stash is worth about $1.2 billion, down from $1.45 billion at the time of disclosure.
Wallet data can move sentiment fast. Reports of MicroStrategy’s larger-than-reported sales showed as much just last week. Similarly, activity from long-dormant Bitcoin wallets tends to signal consolidation rather than selling.
If precedent holds, the $88 send points to custody housekeeping rather than an exit. However, follow-up transfers from the new address in the coming days would reveal whether a larger reshuffle is underway.
Americké spotové Bitcoin ETF zaznamenaly třetí den čistých přílivů v řadě, tentokrát ve výši 31,64 milionu USD. Od lednového spuštění už přilákaly celkem 12,42 miliardy USD.
US spot Bitcoin ETFs just strung together three straight days of net inflows, a modest but meaningful reversal after weeks of investors heading for the exits. The total haul on April 23 came in at $31.64 million. Not exactly a tidal wave, but after five consecutive days of outflows, even a trickle feels like rain in the desert.
Who’s buying, who’s selling The breakdown across individual ETFs tells a familiar story. BlackRock’s IBIT fund led the pack with $37.92 million in inflows on April 23, extending what had been a remarkable 70-day consecutive inflow streak.
ARK Invest’s ARKB followed with $33.28 million, and Bitwise’s BITB pulled in $23.23 million. These three funds have consistently been the magnets for new capital since spot Bitcoin ETFs launched in January 2024.
Then there’s the other side of the ledger. Grayscale’s Bitcoin Trust, GBTC, continued its role as the group’s chronic bleeder, shedding $66.88 million on the same day. The pattern has been relentless since GBTC converted from a closed-end fund structure: investors rotate out of the higher-fee legacy product and into newer, cheaper alternatives.
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Here’s the thing. The net inflow number, $31.64 million, only looks small because GBTC’s outflows are dragging down the total. Strip out Grayscale, and the rest of the field had a genuinely strong day.
The bigger picture since January Zoom out and the cumulative numbers tell a more compelling story. Since their January 2024 debut, US spot Bitcoin ETFs have attracted $12.42 billion in total net inflows. Assets under management across the group stood at $55.82 billion as of April 23.
BlackRock’s IBIT alone accounts for $15.48 billion in cumulative inflows. Bitcoin was trading around $66,675 during the reporting period.
Why the halving changes the calculus Bitcoin’s fourth halving event, which cuts the block reward miners receive in half, is the elephant in the room. Every previous halving has preceded a significant bull run, though the timing and magnitude have varied. The supply reduction is straightforward economics: fewer new coins entering circulation while demand stays constant or grows.
What’s different this cycle is the existence of spot ETFs as a demand channel. In previous halvings, institutional investors had limited options for gaining Bitcoin exposure. Now they can buy shares of a regulated fund through their existing brokerage accounts.
What this means for investors The competitive landscape among Bitcoin ETF issuers is starting to crystallize. BlackRock, ARK Invest, and Bitwise are emerging as the clear winners in the fee war and distribution battle. GBTC continues to hemorrhage assets, and the gap between the leaders and the rest of the pack is widening with each passing week.
GBTC’s persistent outflows remain a structural headwind that won’t disappear overnight. With nearly $56 billion in assets under management, these products have already cemented themselves as permanent fixtures of the institutional investment landscape.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin ve středu klesl o více než 3 % na zhruba 61 691 USD poté, co Trumpova slova o Íránu znovu vyvolala obavy z války na Blízkém východě. Později část ztrát smazal a obchodoval se kolem 62 100 USD.
[NEW YORK] Bitcoin tumbled as renewed geopolitical tensions rattled digital asset markets, eclipsing what had been a muted reaction to Strategy Inc’s latest sale of the token earlier in the week.
The largest cryptocurrency fell more than 3 per cent to around US$61,691 on Wednesday (Jul 8) as tensions flared up once more between the US and Iran. The selloff picked up steam after US President Donald Trump said the tentative ceasefire with Iran was over, raising the prospect of renewed military conflict between the two countries. Other cryptocurrencies, including Ether and Solana, also fell.
Bitcoin later pared some of its losses and was trading at around US$62,100 in early morning New York.
“Bitcoin took a quick dive after Trump’s comments, as the market frets about further fuel-linked inflation and potential rate hikes to counter it,” said Caroline Mauron, co-founder of Orbit Markets. “We expect some support around US$61,500, but the market is likely to remain volatile as the geopolitical and macro situations develop.”
Brent crude advanced nearly 6 per cent to US$78.55 a barrel. Stocks extended declines, with the MSCI Asia Pacific Index dropping as much as 1 per cent and India’s Nifty 50 Index sliding 1.5 per cent. S&P 500 futures slid 1 per cent.
Trump’s comments came after the US carried out strikes on Iran, which followed attacks on commercial ships transiting the Strait of Hormuz. Both sides accused the other of violating the ceasefire.
Bitcoin had been looking stronger in July after a 20 per cent drop in June, its worst month in four years. The token is up about 5.5 per cent so far this month.
The cryptocurrency had been relatively resilient after Strategy – the Michael Saylor-founded company that has become the token’s largest corporate buyer – disclosed a US$216 million Bitcoin sale on Monday. Markets barely reacted to the news, a far cry from last month, when Strategy’s disclosure of its first Bitcoin sale since 2022 precipitated a selloff.
“A forced seller of that size not denting the market is a real signal worth noting,” said Sean Rose, an account executive at market intelligence firm Glassnode.
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Some long-term Bitcoin holders had also resumed buying before the latest Middle East flare-up, adding as many as 31,800 tokens per day to their holdings from June 20 to July 6, according to Glassnode.
US-listed spot Bitcoin exchange-traded funds, meanwhile, have added more than US$500 million in three consecutive days of inflows. Investors had pulled more than US$4.5 billion from the funds in June, their worst month since launching in early 2024.
Still, Bitcoin remains down more than 50 per cent since reaching a high above US$126,000 last October. The upside, however, may be lower risk. Glassnode’s Bitcoin Risk Index fell to 0.56 on July 6 from its maximum reading of 1 at the start of the month, which Rose said is “a real de-risking signal.”
Another sign is emerging. Bitcoin has been shaken in recent months by long-term holders taking profit when the token starts to recover, but there are signs that opportunities to do so may be drying up. Net unrealised profit/loss now sits at 0.17, according to a report from Bitrue Research Institute, suggesting most Bitcoin holders have little profit left to take.
As for Strategy, traders may no longer be viewing its decisions with the same apprehension, after having withstood two recent sales. The company has also announced structural changes, which give it broader authority to preserve liquidity and sell Bitcoin when issuing new stock becomes less attractive. It also greenlit the repurchase of US$1 billion of its preferred securities and an additional US$1 billion of common stock.
By reorganising its balance sheet, Strategy “may have finally gotten out of its own way,” Jeff Dorman, chief investment officer at Arca, wrote in a report published on Monday.
The question remains whether Bitcoin’s brittle recovery this month can hold, particularly as geopolitical tensions continue to unsettle global markets. Financial institutions that have been drawn to digital assets are now increasingly looking at stablecoins and other uses of blockchain as ways of growing their presence in the sector instead.
“Institutions are not necessarily looking to take more directional exposure to tokens right now, but they are increasingly interested in using blockchain rails to make financial markets more efficient, programmable, and globally accessible,” said Boris Alergant, an executive at Babylon Labs. BLOOMBERG
Michael Saylor uvedl, že Strategy potřebuje, aby Bitcoin dlouhodobě rostl jen o 3,3 % ročně, aby z kapitálových zisků financoval preferované dividendy. Firma drží 843 775 BTC.
Michael Saylor spotlighted Strategy’s BTC Breakeven ARR on Tuesday, July 7. He argued Bitcoin (BTC) only needs 3.3% yearly growth to fund the firm’s preferred dividends from capital gains indefinitely.
The metric divides annual preferred dividend obligations, now roughly $1.76 billion by company figures, by the value of the corporate Bitcoin reserve. Saylor called it one of the most misunderstood numbers attached to Strategy (formerly MicroStrategy).
What BTC Breakeven ARR Means for MicroStrategyStrategy reports holding 843,775 BTC, worth roughly $53.8 billion with Bitcoin trading near $63,603, and the stack keeps growing. The company disclosed 818,334 BTC in its May earnings release, meaning it added over 25,000 coins through a drawdown.
Saylor, the company’s founder and executive chairman, made the case in a Tuesday post on X (Twitter).
“One of the most misunderstood $MSTR metrics is BTC Breakeven ARR. If BTC appreciates faster than 3.3% over time, BTC capital gains can fund $STRC dividends indefinitely.”
A companion chart from Strategy illustrates the trade-off. At zero Bitcoin growth, the reserve plus a $2.55 billion cash buffer covers about 31 years of payments, per the company’s dashboard. The buffer alone funds roughly 17 months.
BTC capital gains fund STRC credit dividends. Source: MicroStrategyThe pitch leans on a real track record. MicroStrategy has paid 23 consecutive preferred distributions totaling over $693 million since early 2025, per its Q1 release.
Critics Question the Bitcoin Dividend MathThe model assumes obligations stop compounding, and so far, they have not. Preferred dividends hit $229.5 million in the first quarter of 2026, up from $10.6 million a year earlier. Preferred equity outstanding has swelled past $13.5 billion.
Skeptics also doubt the funding side. JPMorgan recently warned that Strategy’s Bitcoin sales policy could add up to $1.25 billion in sell pressure. On-chain data already pointed to a new Bitcoin sale of 491 BTC on July 1, which was later confirmed to be 7x bigger.
Meanwhile, STRC paid an 11.5% annualized rate in May yet trades below its $100 par target. Preferred holders still price in risk despite the low breakeven hurdle.
STRC Price. Source: StrategyWhether 3.3% proves a low bar depends on Bitcoin reclaiming its long-term trend, with the price down nearly 49% from its October peak.
However, coming payments may reveal how much of the burden falls on BTC sales rather than capital gains.
Strike spustil „volatility-proof“ Bitcoin úvěr bez margin callů a nucených likvidací, ale s úrokem mezi 10,7 % a 14,2 % ročně a splatností šest měsíců. Při zmeškání splátky může po 10 dnech začít likvidovat Bitcoin.
Bitcoin financial services platform Strike has launched a “volatility-proof” Bitcoin-backed loan that eliminates margin calls and forced liquidations amid the depths of a bear market, but only for those who can pay on time and handle a 14% interest rate.
In an announcement on Tuesday, Strike CEO Jack Mallers said the offering came in response to broad customer feedback on Strike’s first Bitcoin loan product, which launched in May 2025 and triggered many liquidations during a timeframe in which Bitcoin (BTC) dropped 54% from peak to trough.
“No margin calls. No price liquidations. No matter how far bitcoin falls, your bitcoin doesn't move,” Strike CEO Jack Mallers said of the new Bitcoin loan product. The trade-off is an expensive interest rate, a shorter six-month loan term, and an obligation to pay on time to avoid liquidation, Mallers said.
Strike’s Jack Mallers is presenting the new Bitcoin-backed loan product. Source: Jack Mallers
The Bitcoin industry has spent the better part of a decade racing to build financial products that expand Bitcoin's use case beyond a savings technology. A report in June from crypto lending platform Ledn, however, found that while 88% of surveyed crypto investors said they would consider a crypto-backed loan, only 14% use them.
Ledn said confidence in crypto-lending products and market volatility are among the main reasons for this 6-to-1 “crypto collateral gap” that has slowed adoption.
Volatility has been one of the biggest obstacles behind that push, with Bitcoin dropping 30% or more in 10 of the past 12 years, while also experiencing a 50% or more drawdown four times since 2014, Mallers noted.
Other crypto market participants offering Bitcoin-backed loans are Binance, Coinbase, Nexo and Xapo Bank.
Strike charges double-digit interestThe maximum initial loan-to-value ratio for the volatility-proof loans is 45%, meaning that a customer who puts up $100,000 in Bitcoin as collateral can borrow up to $45,000, while the annual percentage rate (APR) is also 2.95 percentage points higher than Strike’s standard loan product.
“The secret sauce is that we’re taking the extra charge that we’re giving you guys and we’re putting it on extra hedges in the market to protect all of us.”Strike’s standard Bitcoin loans charge an annual percentage rate between 7.75% and 11.25%, meaning the volatility-proof products could carry interest between 10.7% and 14.2%.
"If you're OK with a slightly shorter term and a little bit higher of a fee, there is no price move that can liquidate you," Mallers said.
Over the past year, Bitcoin has fallen 54% from its all-time high of $126,080 in October to $58,190 on June 25.
Bitcoin investor Fred Krueger said the loan product "could eliminate one of Bitcoin's biggest structural problems: forced selling during market crashes."
“Instead of volatility causing automatic liquidations, defaults would be driven by borrowers' inability to service debt rather than by temporary price swings," he said.
“Great product for those who need near-term liquidity and don’t want to risk liquidation,” added Vibes Capital Management executive chairman Rob Topping, though he also acknowledged the 14% APR was expensive.
Customers must pay up or face consequencesIf a client misses a payment, they have 10 days to make the payment or contact Strike to explain their financial situation, Mallers said.
Failing to pay after that 10-day period may mean Strike starts liquidating their Bitcoin to cover the overdue amount, Mallers warned.
“If we don’t hear from you for a few weeks, then I may have no choice but to sell off some of the Bitcoin because it seems like you’re doing a hit-and-run.”“That’s why we call it ‘volatility-proof,’ not ‘liquidation-proof,’” Mallers added.
The Bitcoin loans are offered in most US states and can be taken out in both personal and business names. They can be used for new loans, refinancing or consolidating.
While the minimum loan amount varies from state to state, the minimum loan offered through personal loans is $10,000, while businesses in certain states can access loans as low as $5,000.
Features: Bitcoin miners are pivoting to AI, so why is the hashrate near ATHs?
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Polymarket spustil okamžité, self-custodial vklady přes Bitcoin Lightning Network díky Spark Protocol. Nově se vypořádání blíží okamžiku a snižuje poplatky i bariéry pro vklady.
Prediction market platform Polymarket has announced support for instant, self-custodial deposits via the Bitcoin Lightning Network, with the new feature backed by the Spark Protocol. Compared to prior on-chain deposit methods that required waiting for 3 to 6 block confirmations and took 10 to 60 minutes, the new solution delivers near-instant settlement while lowering deposit barriers and transaction costs. According to details, Spark can conduct checks for double-spend risks, transaction fees, and Replace-by-Fee (RBF) at the time of transaction broadcast, enabling "zero-confirmation" posting. It also supports on-chain, Lightning Network, and stablecoin payment rails, removing the need for the platform to operate its own Lightning Network nodes. Polymarket noted that this step will further boost Bitcoin users' capital efficiency and strengthen its competitiveness against rival Kalshi.
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Billionaire Grantham is bearish on SpaceX: 90% probability of eventual collapse, casts doubt on the AI and Mars narratives.
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