Michael Saylor’s Strategy announced a $356.9 million Bitcoin purchase last week, bringing total BTC buys in August to just 3,666 BTC. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added more BTC to its balance as the price tumbled to $112,000 last week. Strategy acquired 3,081 Bitcoin (BTC) for $356.9 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday. Saylor’s business intelligence software company purchased its latest Bitcoin batch at an average price of $115,829 per coin, as BTC started the week at around $116,700 and slipped to $112,000 on Thursday, according to CoinGecko. Read more
Bitcoin leveraged positions grew over the past 24 hours, and many of these late longs have been wiped out as the BTC price dropped below $112,000. Key takeaways: Bitcoin price is down 11% from its all-time high, dropping to $111,000 on Monday. $108,000 is a short-term target for the bears, with some BTC analysts predicting a drop to $95,000. Read more
The whale locked in $33 million worth of profit from Ether long opened last week, after selling $2.6 billion worth of Bitcoin held for over seven years. A multi-billionaire Bitcoin whale is closing his recently opened Ether long positions and buying hundreds of millions worth of spot Ether, signaling that big investors are expecting more upside from the world’s second-largest cryptocurrency. Last week, a Bitcoin whale worth over $11 billion sold 22,769 Bitcoin (BTC) worth $2.59 billion, rotating the funds into 472,920 spot Ether (ETH) or $2.2 billion and a $577 million Ether perpetual long position on the decentralized exchange Hyperliquid, Cointelegraph reported. On Monday, the whale closed $450 million worth of his perpetual long position at an average Ether price of $4,735, to lock in $33 million worth of profit, before acquiring another $108 million worth of spot Ether, according to blockchain intelligence platform Lookonchain. Read more
Bitcoin dives to multi-week lows, and as talk of all-time highs vanishes, BTC price targets include a retest of $100,000 and under. Bitcoin (BTC) starts the last week of August far from all-time highs as traders become increasingly nervous. A huge long liquidation event brought $110,000 back into play as a new CME gap becomes a hope for bulls. Bitcoin whales are under scrutiny after a giant rotation from BTC into ETH. Read more
US investors can now include Bitcoin in their 401(k) plans, but some observers are concerned about the risks they pose to their retirement. US President Donald Trump signed an executive order on Aug. 7, allowing crypto in 401(k) retirement plans. The crypto industry has called the move a win for adoption, but investment professionals warn it comes with significant risk. The order “Democratizing Access to Alternative Assets for 401(k) Investors” directed US financial regulators to expand access to crypto and private companies in 401(k) plans. The 401(k) employee-sponsored investment scheme is one of the most popular retirement plans in the US. As of 2024, 401(k) plans held $8.9 trillion in assets. As such, it would represent a huge source of demand for cryptocurrencies and could send prices skyrocketing. Read more
The inclusion of Metaplanet in these stock indices will funnel passive capital flows into the Bitcoin market, supporting BTC floor prices. Metaplanet, a Bitcoin (BTC) treasury company, has been upgraded from a small-cap to a mid-cap stock in index provider FTSE Russell’s September 2025 Semi-Annual Review, bumping it up for inclusion in the flagship FTSE Japan Index. The index provider updates and rebalances the indices quarterly, and following Metaplanet’s strong Q2 performance, added it to the FTSE Japan Index, a stock market index of mid-cap and large-cap companies listed on Japanese exchanges. Metaplanet’s inclusion in the FTSE Japan Index means it is automatically added to the FTSE All-World Index of the largest publicly-listed companies by market capitalization in each geographic region. Read more
Bitcoin whales are adding Ether exposure as attention flips from BTC to ETH on the back of new all-time highs for the largest altcoin. Key points: Bitcoin approaches the weekly close with $114,000 in focus as late-week gains fizzle. Ether remains the center of attention after its latest all-time highs, with whales swapping BTC for ETH. Read more
Bitcoin chased its range highs after the Federal Reserve hinted at a policy pivot during the closing speech of the Jackson Hole Symposium. Key takeaways: Bitcoin surged 5% to $117,300 after Federal Reserve Chair Jerome Powell hinted at an upcoming interest rate cut, liquidating $379.88 million in shorts. Analysts say the BTC “uptrend is back,” with the potential to hit $200,000 before the end of the year. Read more
Tariffs slam US Bitcoin miners with nine-figure bills, Polkadot courts Wall Street, SharpLink loads up on ETH and Beijing hints at a yuan-backed stablecoin pivot. The Bitcoin mining industry is squarely in the crosshairs of the US-led trade war, with publicly traded miners receiving hefty invoices from US Customs and Border Protection (CBP). Yet, in a twist, a mining venture backed by US President Donald Trump’s family secured more than 16,000 rigs from China’s Bitmain without incurring additional duties. Beyond mining headwinds, the broader blockchain sector is intensifying efforts to court Wall Street as institutional adoption accelerates across exchange-traded funds, corporate treasuries and tokenized real-world assets. Ether (ETH) treasury firms are also ramping up accumulation, while reports suggest China may be preparing to greenlight yuan-backed stablecoins. This week’s Crypto Biz newsletter explores these developments, highlighting The Miner Mag’s latest findings, Polkadot’s new capital markets divisi...
Crypto inclusion in 401(k) plans may be more significant for Bitcoin than the 2024 launch of US spot Bitcoin ETFs, according to Bitwise’s European head of research. Despite this week’s market downturn, some analysts predict that the inclusion of digital assets in US 401(k) retirement plans may unlock billions of dollars in new inflows by the fall, potentially driving Bitcoin to record highs. This “bullish” development may push Bitcoin (BTC) above $200,000 before the end of the year, signaling another $122 billion worth of new capital while assuming a modest 1% portfolio allocation, André Dragosch, head of European research at crypto asset manager Bitwise, told Cointelegraph. Corporate Bitcoin treasury acquisitions continue to attract new entrants, such as the Nasdaq-listed healthcare service provider and Bitcoin treasury firm KindlyMD, which made its first Bitcoin investment of $679 million on Tuesday. Read more
Bitcoin recovers from a trip to six-week lows as Fed Chair Jerome Powell gives strong "dovish" clues over where interest rates will head in September. Key points: Bitcoin returns to $116,000 after gaining over 2% in minutes thanks to “dovish” comments from Fed Chair Jerome Powell. Powell’s Jackson Hole speech cemented the odds of an interest-rate cut next month. Read more