Bitcoin | Crypto

Bitcoin may face a short-term dip as a bearish divergence, CME gap, and a high IBCI reading point to downside below $115,000. Key takeaways: A hidden bearish divergence on the RSI hints at weakening bullish momentum for Bitcoin. A CME gap between $114,000–$115,000 could act as a magnet.  Read more

Ethereum is gaining momentum against Bitcoin, with the ETH/BTC ratio jumping over 40% in the past month, from roughly 0.022 on June 23 to about 0.031, according to data from CryptoRank. This growth is due to increased institutional activity and robust inflows into Ethereum-focused exchange-traded funds (ETFs). Notably, Ethereum ETFs have attracted $4.4 billion in […] The post ETH/BTC ratio jumps 70% from April low as Ethereum overtakes Bitcoin in weekly spot volume appeared first on CryptoSlate.

A new More Perfect Union video sheds light on what life is like for Granbury, Texas, residents living with the near-constant noise of a Bitcoin mining operation. Many residents of a Texas town southwest of Dallas, facing health problems allegedly associated with constant noise, don’t seem to have anything good to say about a crypto mining facility run by MARA Holdings. In a video released Thursday by the nonprofit advocacy organization More Perfect Union, reporter Dan Lieberman spoke to residents of Granbury, Texas, some of whom lived less than a mile from MARA’s 300-megawatt Bitcoin (BTC) mining facility. Many long-term residents and retirees described life as “hell” under the near-constant noise of the mining operation, which lies in an unincorporated area of Hood County.  “It never goes away, headaches never go away,” said one elderly resident on camera, with the sound of the facility easily heard in the background. Read more

Strategy intends to expand its new preferred equity offering to $2 billion from $500 million, Bloomberg News reported on July 24. The upsized deal comes as the Michael Saylor-led firm leans further into purchasing additional Bitcoin (BTC) amid a powerful, ETF-driven market rally to new all-time highs. The company has created multiple share classes to […] The post Strategy lifts latest preferred stock sale to $2B for more Bitcoin buys appeared first on CryptoSlate.

Ether versus Bitcoin in the US spot ETF world becomes a major talking point, with Swissblock research seeing ETH coming out winning in the long term. Key points: US spot ETF flows show Ether coming out on top against Bitcoin this week. Institutional capital is “rotating” into ETH, Swissblock says — a move that has implications beyond the short term. Read more

Bitcoin’s narrowing trading range could result in a springboard move to $135,000. Key point: BTC faces selling at $120,000, but the bulls have not ceded much ground, hinting at a breakout to new highs. Bitcoin (BTC) turned down from the $120,000 resistance on Wednesday, indicating that the bears are fiercely defending the level. The failure to break above the overhead resistance has resulted in net outflows of $285.2 million in the past three days in the US-based spot exchange-traded funds (ETFs), per Farside Investors data. That suggests the investors have turned cautious in the near term. However, a positive sign is that the bulls have not allowed the price to dip below $115,000.  Read more

Bitzero is among several Bitcoin mining companies that have embraced the HPC and data center business. Bitzero has secured $25 million in funding to expand its business operations, as the Bitcoin miner and data center operator continues its strategic shift toward high-margin, high-performance computing (HPC) while emphasizing environmental sustainability.  The funds will be used to acquire 2,900 Bitmain S21 Pro miners, with deployment scheduled over the next four to six months. This expansion is projected to generate an additional $10 million in revenue. Based in Vancouver, Canada, Bitzero operates data centers across North America and Europe. The company counts investor and Shark Tank personality Kevin O’Leary among its backers. Read more

Institutional adoption of Bitcoin has reached a new peak, with over 10% of the total BTC supply now held by public companies or in exchange-traded funds. Charles Edwards, CEO of Capriole Investments, shared the update in a July 24 thread on X, noting a significant surge in institutional accumulation. Edwards pointed out that the share […] The post Institutions now hold over 10% of Bitcoin supply as demand outpaces BTC mining by 10x appeared first on CryptoSlate.

Japanese AI company Quantum Solutions launched a Bitcoin treasury via its Hong Kong subsidiary GPT Pals Studio, targeting a 3,000 BTC reserve within 12 months. Japanese publicly listed artificial intelligence company Quantum Solutions said it plans to create a Bitcoin treasury of 3,000 BTC within the next year, an investment of more than $350 million at current prices. According to a Thursday announcement, Quantum Solutions’ Bitcoin (BTC) treasury will be managed by wholly owned Hong Kong subsidiary GPT Pals Studio Limited. The subsidiary will commence operations with an initial investment of $10 million provided by the international investment firm Integrated Asset Management. Per the announcement, “the company views Bitcoin as a long-term, strategic reserve instrument.” Quantum Solutions plans to pursue its 3,000 BTC reserve target in stages, depending on market conditions, capital availability and the regulatory environment. Read more

Build on Bitcoin upgrades to ZK fraud proofs, aiming to climb L2Beat’s decentralization rankings and unlock Ethereum-level DeFi on Bitcoin. Layer-2 blockchain network Build on Bitcoin (BOB) has rolled out a major technical upgrade that brings it closer to getting a fully decentralized mark on L2Beat, a platform that ranks the maturity and decentralization of layer-2 networks.  BOB, which aims to bring Ethereum-style decentralized finance (DeFi) capabilities to Bitcoin, has implemented zero-knowledge (ZK) fraud proofs within an optimistic rollup framework.  This means that BOB is using an optimistic rollup structure but replaces the traditional and slow fraud-checking process with faster ZK fraud proofs,  a shift that allows transaction disputes to be resolved in minutes using cryptographic proofs. Read more

Satsuma Technology raised $135 million to fund one of the UK's biggest single Bitcoin treasury acquisitions, positioning itself as a top regional BTC holder. London-based artificial intelligence firm Satsuma Technology raised 100 million British pounds ($135 million) for its new Bitcoin treasury, setting a national record for BTC treasury raises. According to a Thursday announcement, Satsuma Technology said it “has successfully closed the book on the raise materially in excess” of the $135 million target. The company expects all committed funds to arrive within the next two weeks. If the full amount is converted into Bitcoin, the purchase would make Satsuma the second-largest corporate Bitcoin (BTC) holder in the UK, behind The Smarter Web Company, which holds 1,600 BTC worth about $190 million, according to BitcoinTreasuries.NET data. Currently, Phoenix Digital Assets holds second place with 247 BTC valued at $29 million. Read more

Block joined the S&P 500 on July 23, replacing Hess after the oil producer’s $54 billion acquisition by Chevron, a reshuffle that sent Block’s stock up 10.7% from the July 18 open of $72.01 to $79.69 by press time.  The company announced the addition on July 18, prompting investors to position ahead of index-tracking funds […] The post Block joins S&P 500, becomes third Bitcoin holding firm in the index appeared first on CryptoSlate.

Block’s inclusion in the S&P 500 could indirectly increase equity investors' exposure to Bitcoin and the asset’s mainstream acceptance. Jack Dorsey's technology company Block joined the Standard & Poor’s 500 (S&P 500) index on Wednesday, marking the third public company with Bitcoin holdings to join the global benchmark. Block holds 8,584 Bitcoin (BTC) worth approximately $1 billion, according to BitcoinTreasuries.NET. That stash makes Block the 13th-largest corporate holder of BTC. The company's shares on the NYSE exchange have jumped nearly 14% over the past five days since the company announced it would join the S&P 500. Read more

Altcoins have gained momentum amid a potential rotation from Bitcoin into Ethereum and other assets. CryptoQuant has reported ETH’s 72% outperformance since April, lower exchange inflows, weekly spot volume surpassing BTC, and ETF holdings that have doubled, reflecting stronger institutional demand. The post Investors Rotate from Bitcoin to Ethereum and Altcoins: CryptoQuant Report appeared first on Cryptonews.

A guide to passing on your Bitcoin and crypto after you die — and how your loved ones can track it down if you forgot to make plans. So, you died. People are sad, your body is dealt with, and the world keeps spinning. But what happens to your crypto? Digital assets become part of your estate and the gears of the legal system creak into motion to handle this digital body, now legally distinct from the one headed six feet under. The problem? Crypto inheritances are often less like accessing gold bullion in a safe, and more like inheriting a buried treasure it can be entirely on the inheritor to actually find it! Read more

Bitcoin price action targets waiting $117,500 liquidity in a volatile Wall Street open, while record open interest sparks warnings of crypto market "froth." Key points: Bitcoin dives more than 2% from its $120,000 daily high to swipe bid liquidity in an anticipated move. Market projections nonetheless see a deeper retracement coming. Read more

Mara Holdings announced plans to offer up to $1 billion in zero-interest convertible notes, with proceeds earmarked for repurchasing debt, buying Bitcoin and corporate expenses. Mara Holdings, one of the largest publicly traded crypto mining firms, said it intends to offer up to $1 billion worth of convertible senior notes, with a portion of the funds intended for Bitcoin purchases. According to a Wednesday announcement, $850 million of notes will be offered to qualified institutional buyers due in 2032. The company will also grant buyers an option to purchase an additional $150 million in principal, bringing the potential total to $1 billion. Up to $50 million of the proceeds is expected to be spent on repurchasing a portion of its existing 1.00% convertible senior notes due 2026. The remainder will be used to cover the costs of the capped call transactions, acquire additional Bitcoin (BTC) and fund general corporate purposes. Read more

Several Bitcoin onchain metrics are suggesting that BTC’s market structure remains strong and the bull cycle has more room to run. Key takeaways: Bitcoin’s price structure and fundamentals remain solid as new buyers step in. BTC short-term holder metric shows no overheating with $138K in play. Read more

Bitcoin profit-taking may be inadvertently revealing the next "local bottom" for BTC price, new analysis suggests. Key points: Bitcoin short-term holders are showing classic profit-taking behavior, sending BTC to exchanges. Their presence among exchange inflows has reached a level associated with “local bottoms” on BTC/USD. Read more

Bitcoin holds firm above $115,000 as resilient buyers absorb sell pressure, setting the stage for a potential breakout to new highs. Key takeaways: Bitcoin’s sideways trading results from Binance taker volume turning negative, and the US and Korean BTC premium index showing weak spot demand. BTC holding above $115,000 and strong buyer absorption near this level shows bulls are committed to pushing Bitcoin price to new highs. Read more