A solo Bitcoin miner secured a $200,000 block reward with a budget mining rig, pushing payouts to hobby-level miners to $4.7 million for the past year. A solo Bitcoin miner hit the jackpot and validated a solo block with a single Bitaxe mining rig, marking a rare win that beat massive statistical odds. The retail Bitcoin miner secured a 3.125 Bitcoin (BTC) block reward, currently worth about $200,000, on Friday at block number 957382, according to blockchain data from mempool.space. The miner was using a single Bitaxe mining rig, according to the BTC mining pool Public Pool. The Bitaxe was a budget, lower-power Bitcoin miner that costs less than $200 and has a hashrate of about 1 terahash per second (TH/s), which is a tiny fraction of the global Bitcoin network. Read more
Bitcoin RSI continued to copy previous bear markets as a trader predicted that historical BTC price bottom signals would "happen again" in 2026. Bitcoin (BTC) should repeat history and put in a bear-market bottom when a classic indicator hits zero, a trader says. Key points: In an X post at the weekend, Max Crypto went on record to forecast the end of the 2026 bear market when the stochastic relative strength index (RSI) hits a new swing low. Read more
South Korea will test tokenized government bonds linked to the Bank of Korea’s wholesale CBDC system in 2027 as token securities rules take effect. South Korea plans to conduct a 2027 pilot linking tokenized government bonds to its institutional central bank digital currency (CBDC) infrastructure, moving sovereign debt tokenization from a proposal to an official government timeline. On Tuesday, the government unveiled its 2026 Economic Growth Strategy for the Second Half, which includes the plan. In addition to assigning a date for the pilot, the strategy said authorities would study how to make the Bank of Korea's (BOK) CBDC infrastructure interoperable with other blockchains, enabling a potential connection between external distributed ledgers and the bank’s permissioned system. The project would test whether South Korea’s wholesale CBDC, designed for use by financial institutions, can support capital markets infrastructure, rather than serving only as a digital payment instrument. Read more
US spot Bitcoin ETFs saw their largest single-day outflows in July, with $424.66 million leaving the funds, reversing a brief return to positive weekly flows. US-listed spot Bitcoin exchange-traded funds (ETFs) returned to outflows, reversing the previous week’s short-lived return to positive flows. Spot Bitcoin ETFs recorded $424.66 million in net outflows on Monday, marking their biggest single-day withdrawal in July so far, according to SoSoValue data. The latest outflow reversed last week’s $197.4 million new inflows, which had briefly ended an eight-week run of weekly withdrawals and raised hopes that institutional demand was recovering. Read more
Witt’s departure comes during a critical moment for the CLARITY Act, with deputy director Harry Jung expected to assume his responsibilities. Patrick Witt, the White House’s pointman on the Digital Asset Market Clarity Act, is taking a leave of absence at the end of July for several months of military training, Crypto In America reported. Witt, who has served as the executive director of the President’s Council of Advisors for Digital Assets since August, is expected to wrap up his work on July 24 before reporting for Judge Advocate General (JAG) training with the Georgia Army National Guard. The training will qualify him to serve as a legal officer in the Guard, the report wrote. “Patrick has always been forthcoming and honest with every stakeholder that he was taking military leave later this month,” said Cody Carbone, CEO of Digital Chamber, on Tuesday. Read more