Galaxy Digital CEO Mike Novogratz’s comments come the same week Bitcoin surged to new all-time highs of $124,128. Galaxy Digital CEO Mike Novogratz says a million-dollar Bitcoin next year wouldn’t be a victory but rather a sign that the US economy is in serious trouble. “People who cheer for the million-dollar Bitcoin price next year, I was like, Guys, it only gets there if we’re in such a shitty place domestically,” Novogratz told Natalie Brunell on the Coin Stories podcast on Wednesday. “I’d rather have a lower Bitcoin price in a more stable United States than the opposite,” Novogratz said, explaining that severe currency devaluations often come at the expense of civil society. Read more
Crypto traders’ “lack of interest” in dip buying Ether compared to Bitcoin could be the catalyst that sees Ether's price go higher, says Santiment. Ether holds a slight edge over Bitcoin in the short-term as social media chatter around the cryptocurrency is less overheated, says sentiment platform Santiment. “The $ETH crowd hasn’t shown nearly as much bullishness despite significantly better performance over the past 3 months,” Santiment said in an X post on Friday amid the ETH/BTC ratio, which measures Ether’s (ETH) relative strength against Bitcoin (BTC) being up 32.90% over the past 30 days, according to TradingView. “The current outlook shows a slightly more bullish path for Ethereum due to the lack of interest in dip buying compared to Bitcoin,” Santiment said. Read more
It was the highest-ever weekly trading volume for Bitcoin and Ether ETFs, largely due to Ether ETFs "stepping up big," says an ETF analyst. US-based spot Bitcoin and Ether exchange-traded funds (ETFs) just logged their strongest week of combined trading volume yet, according to an ETF analyst. “Biggest week ever for them, thanks to Ether ETFs stepping up big,” ETF analyst Eric Balchunas said in an X post on Friday. “Ether ETFs’ weekly volume was about $17b, blowing away record, man did it wake up in July,” Balchunas said. Read more
Bitcoin falls below $117,000 again, raising worries about the upcoming “ghost month.” Are traders bracing for more losses or buying the dips? Key takeaways: Bitcoin marks its steepest pullback in a month, with the ghost month trend hinting at further downside to $105,000. Onchain data shows a rise in US and Korean spot demand, pointing to a short-term recovery. Read more
Hive Digital’s fiscal Q1 2026 revenue jumped 44.9% in its mining segment and nearly 60% in its HPC unit. Hive Digital, a Bitcoin miner turned data center infrastructure provider, reported record revenue and earnings in its fiscal first quarter, driven by strong growth in high-performance computing (HPC) hosting services alongside its core mining business. In its fiscal Q1 2026, Hive generated $45.6 million in total revenue. Digital currency mining contributed $40.8 million, up 44.9% from the previous quarter, as the company mined 406 Bitcoin (BTC) — a 34% increase quarter-over-quarter. Bitcoin’s rising value further supported the company’s performance. Revenue from its HPC division, operating under the Buzz HPC brand, rose 59.8% sequentially to a record $4.8 million. Read more
Top Win International, Taiwan’s first publicly traded corporate Bitcoin treasury, raised $10 million to kick off its BTC purchases. Taiwan’s first publicly traded corporate Bitcoin treasury, Top Win International, raised $10 million to kickstart its BTC accumulation efforts. The luxury watchmaker-turned-Bitcoin treasury announced Friday it raised $10 million from a group of investors led by zipper producer and software company WiseLink. The raise was accompanied by private investments from Chad Koehn, founder and CEO of United Capital Management of Kansas, alongside four other investors. WiseLink purchased three-year convertible notes issued by Top Win. The investment followed a memorandum of understanding between the two companies outlining a yet-to-be-disclosed collaboration. Read more
Buyer exhaustion may set the stage for a correction in August before investor capital surges into altcoins, as in previous market cycles. Investor sentiment toward cryptocurrencies surged this week, with growing retail interest in altcoins suggesting Bitcoin’s recent euphoria phase may be nearing an end, according to analysts. The crypto asset sentiment index rose from 0.23 to 0.91 within a week, according to Max Shannon, senior research associate at crypto index fund manager Bitwise. Google searches for altcoins and Ethereum also rose to a multiyear high, reminiscent of prior bear markets, which may signal a growing investor mindshare for altcoins and Ether (ETH), following Bitcoin’s latest all-time high above $124,000. Read more
Discover how Ukraine peace talks could impact Bitcoin’s price in 2025. Explore three scenarios (ceasefire, shaky deal or escalation) and their effects on BTC. Peace talks can shift Bitcoin’s price through energy costs, inflation and interest rates. In 2022, Bitcoin fell sharply, then rallied 27% above pre-invasion levels within a month. Spot Bitcoin ETFs now act as a direct channel for macro sentiment. Read more
Czech police have reportedly arrested darknet founder Tomas Jirikovsky in a $45 million Bitcoin bribery case tied to former Justice Minister Pavel Blazek’s resignation. Czech police have reportedly arrested darknet marketplace founder Tomas Jirikovsky in connection with a $45 million Bitcoin donation that prompted the resignation of former Justice Minister Pavel Blazek earlier this year. Czech police intervened in the Bitcoin (BTC) donation case that led to Blazek’s resignation on Thursday. According to Chief State Prosecutor Radim Dragoun, authorities were “securing people and things.” He added, “This is a criminal case that was recently separated by the police authority for independent proceedings from joint proceedings.” Although the statement did not mention any arrests, local reports suggested that police detained Tomas Jirikovsky, a convicted criminal who allegedly paid 468 BTC (worth around $45 million at the time) to the minister to avoid a new prison sentence. Read more
Bitcoin miners face rising competition from AI data centers for cheap energy, potentially driving a new wave of institutional investment, according to GoMining exec Jeremy Dreier. Bitcoin mining companies and artificial intelligence data centers are increasingly competing for access to cheap, sustainable energy, which could trigger renewed institutional investment in the mining sector over the next decade. AI data centers with deep capital reserves are beginning to outbid miners for power infrastructure, with more Bitcoin (BTC) miners getting “priced out” or deprioritizing mining activities, according to a July 31 research report from Bitcoin mining infrastructure provider GoMining Institutional. Still, the flexibility of Bitcoin miners allows them to expand into more off-grid locations with a lack of high-speed internet infrastructure, giving them an advantage over AI facilities, according to Jeremy Dreier, managing director and chief business development officer at GoMining Institutional. Read more
US Treasury Secretary Scott Bessent clarified on X that the department is still exploring budget-neutral ways to purchase Bitcoin, contrasting an earlier comment that tanked the crypto markets. US Treasury Secretary Scott Bessent has clarified that his department is still exploring budget-neutral ways to buy Bitcoin for the Strategic Bitcoin Reserve — contrasting with his recent comments suggesting the plan was off the table, which triggered a Bitcoin sell-off. “Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world,’” Bessent clarified in an X on Thursday. He reiterated that the Bitcoin (BTC) forfeited to the federal government would form the reserve’s foundation. There were already concerns that the US’s slow pace of executing its Strategic Bitcoin Reserve could leave it open to being front-run by other nation-states. Some feared that the Treasury may n...
Traders send mixed signals after Bitcoin falls to $117,000 a day after hitting new all-time highs. Key takeaways: BTC futures premium remains neutral, indicating traders were unfazed by the recent $6,630 price drop. The Bitcoin options skew and macroeconomic concerns suggest limited appetite for a breakout above $120,000. Read more
Bitcoin dropped sharply after a higher-than-expected US PPI print shocked traders. Key takeaways: Bitcoin drops below $118,000 after a hot US PPI print fueled inflation concerns. Federal Reserve interest rate cut odds dropped to 90.5% from 99.8%. Read more