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Bitmine Immersion Technologies has expanded its Ethereum holdings once again, purchasing another 10,399 ETH over the past week as it continues to strengthen its position as the world’s largest corporate holder of the cryptocurrency.

Following the latest acquisition, the company’s treasury has grown to 5,797,813 ETH, putting it just below the 5.8 million ETH milestone.

Ethereum Treasury Continues to Grow

According to the company’s latest announcement, Bitmine’s combined cryptocurrency holdings, cash, and other investments are now worth approximately $11.3 billion.

Its Ethereum reserves alone are valued at roughly $10.9 billion, reflecting ETH’s recent pullback from above $1,900 to below $1,850. The company now controls about 4.8% of Ethereum’s circulating supply, further solidifying its lead among corporate ETH holders.

Bitmine has also narrowed the gap with Strategy, the largest corporate cryptocurrency holder overall. While Bitmine continues accumulating Ethereum, Strategy has paused its Bitcoin buying and recently disclosed its third Bitcoin sale of the year.

Chairman Tom Lee said the company has increased its Ethereum holdings every week since adopting its Ethereum treasury strategy on June 30 last year. He added that Ethereum’s recent price performance, which has outpaced Bitcoin and many other major cryptocurrencies, reflects improving fundamentals for both the asset and the broader crypto market.

Lee noted that ETH outperformed the Nasdaq 100 by 25 percentage points during July, marking its strongest relative monthly performance since July 2025.

He said:

“In July, ETH outperformed the Nasdaq 100 by 2,500 basis points, or 25 percentage points. This is the largest outperformance since July 2025, and we believe it reflects the strengthening fundamentals of crypto. Last July, ETH climbed from $2,375 to $4,057 by the end of August.”

Staking Operations Continue to Expand

In addition to building its Ethereum treasury, Bitmine is expanding its staking business through its institutional platform, MAVAN.

The company has already committed approximately 4.92 million ETH to staking, representing about 85% of its total holdings.

Based on current staking yields, Bitmine estimates it could generate approximately $291 million in annual staking rewards, translating into roughly $247 million in annualized staking revenue.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Crypto traders are paying close attention to this week’s Federal Reserve H.4.1 report after investor Arthur Hayes suggested it could reveal whether Japan used its US Treasury holdings as collateral to obtain dollars during its recent efforts to stabilize the yen.

The report could provide fresh insight into global liquidity conditions and central bank actions that may ultimately influence risk assets such as Bitcoin.

Focus Turns to the Fed’s Balance Sheet

The Federal Reserve’s weekly H.4.1 report details changes to its balance sheet, including repurchase agreement activity involving foreign central banks. Hayes believes the report could confirm whether Japan accessed dollar liquidity through the Fed’s Foreign and International Monetary Authorities repo facility instead of selling its US Treasury holdings.

His comments came after coordinated currency intervention last week. US Treasury Secretary Scott Bessent said the measures were intended to address what he described as disorderly movements in the Japanese yen. He added that the US remains in close communication with the Bank of Japan and Japan’s Ministry of Finance and is prepared to participate in additional coordinated intervention if necessary.

Bessent also expressed support for expanding the FIMA repo facility, which allows foreign central banks to borrow US dollars by using Treasury securities as collateral.

Responding to those remarks, Hayes argued that increasing counterparty limits would effectively allow the Federal Reserve to create additional dollar liquidity backed by Japan’s Treasury holdings.

The H.4.1 report joins a busy calendar of market moving events this week, including the ISM Manufacturing Purchasing Managers Index and Friday’s closely watched US Nonfarm Payrolls report.

Yen Carry Trade Remains a Key Risk

Bitcoin advocate Adam Livingston described the recent US and Japanese policy actions as a remarkable example of global macroeconomic coordination. He noted that Japan spent years maintaining ultra low interest rates and expanding its money supply, making the yen a preferred funding currency for global carry trades.

As the yen weakened, however, US officials argued that the currency had become significantly undervalued.

According to Livingston, Japan needs access to US dollars to support its currency. Selling large amounts of US Treasuries could push Treasury yields higher, increase US borrowing costs, and tighten global liquidity. By borrowing dollars through the FIMA repo facility instead, Japan can avoid disrupting bond markets.

The cryptocurrency market has been watching developments closely because Japan’s low interest rate environment has long supported the yen carry trade, where investors borrow inexpensive yen to invest in higher yielding assets such as stocks and cryptocurrencies.

Last week, analyst EGRAG CRYPTO warned that a rapid unwinding of those positions could trigger widespread selling across risk assets, including Bitcoin, if the yen strengthens too quickly.

Crypto Market Awaits Fresh Catalysts

At the time of writing, the total cryptocurrency market capitalization was holding near $2.2 trillion after declining about 0.8% over the previous 24 hours.

Bitcoin was trading just below $63,000, down around 1% on the day and more than 4% over the past week. Ethereum was hovering near $1,800, roughly 6% lower than its level a week earlier.

Market analyst Daan Crypto Trades noted that both Bitcoin and the broader crypto market have lagged behind the recent recovery in technology stocks. He suggested that investors have been rotating liquidity back into equities, while cryptocurrencies may continue to underperform unless the stock market enters a period of consolidation.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Strategy has strengthened its balance sheet by boosting its US dollar reserves and expanding its preferred stock buyback program, even as it sold more than $100 million worth of Bitcoin last week.

The company added $250 million to its cash holdings, bringing its total dollar reserve to approximately $4 billion. It also repurchased about $81 million of its Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC.

These moves are part of Strategy’s recently introduced Digital Credit Capital Framework, which is designed to improve financial flexibility. The company plans to use its cash reserves primarily to cover preferred stock dividend payments and debt interest obligations, reducing the likelihood of having to sell Bitcoin during periods of market volatility.

However, the company’s latest regulatory filing revealed a detail that Executive Chairman Michael Saylor did not highlight publicly. Between July 27 and August 2, Strategy sold approximately 1,638 BTC for about $105 million at an average price of $63,957 per Bitcoin. The disclosure was included in the company’s official filing.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

The cryptocurrency market started the week on a weaker note, with Bitcoin slipping back below $63,000 and most major altcoins extending their losses. Pi Network surrendered its recent gains, while only a handful of tokens, including MemeCore and Algorand, managed to trade in positive territory.

Bitcoin Slides Back Toward $62K

Bitcoin began last week with strong momentum, successfully defending the $64,000 support level and climbing to around $65,600 on two separate occasions. However, both rallies were rejected, with the second decline pushing the cryptocurrency below $62,800 just ahead of the Federal Reserve’s policy meeting.

Price volatility increased around the Fed announcement, which ended with interest rates remaining unchanged despite expectations from some market participants for a rate increase. Bitcoin briefly recovered on Friday, reaching approximately $65,400 before heavy selling pressure triggered another sharp decline.

The leading cryptocurrency then dropped by nearly $3,000 to around $62,400. It recovered to $63,000 on Saturday before falling back to $62,200 later that day.

Optimism returned briefly on Sunday after US President Donald Trump canceled planned military action against Iran and spoke about a possible agreement to reopen the Strait of Hormuz. That news helped lift Bitcoin to about $63,700, but the rally quickly lost momentum.

Selling pressure resumed on Monday, sending Bitcoin back to roughly $62,200. While that level has once again provided support, the asset remains more than 4% lower over the past week. Its market capitalization has fallen to around $1.25 trillion, while its market dominance has slipped below 56.5%.

Altcoins Continue to Struggle

Ethereum failed to break above $1,980 during July’s rally and has now fallen below $1,850 following another daily decline.

XRP is hovering just above the $1.05 support level, an area that analysts continue to view as a critical battleground. Holding that level could keep the door open for a stronger recovery.

Other major cryptocurrencies, including Solana, Dogecoin, Cardano, Chainlink, and Monero, also posted losses. Hyperliquid and BounceBit recorded only modest gains.

Pi Network was among the strongest performers over the weekend, rising about 5% to 6% even as the broader market remained subdued. However, those gains quickly disappeared on Monday, with PI falling more than 5% to trade below $0.084.

MemeCore and Algorand were among the few cryptocurrencies posting daily gains, while BEAT recorded one of the largest losses, plunging 24%. ONDO also came under pressure, dropping around 6%.

The overall cryptocurrency market lost roughly $40 billion in value over the past 24 hours, bringing the total market capitalization down to approximately $2.22 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin, the broader cryptocurrency market, and traditional financial assets are heading into a pivotal week, with several major economic reports, corporate earnings, and geopolitical developments expected to shape investor sentiment.

Although one key event has already unfolded, its impact on crypto markets has been relatively modest so far, leaving traders waiting for stronger catalysts.

Economic Data Takes Center Stage

Markets initially reacted after US President Donald Trump called off planned military strikes against Iran over the weekend. Trump also said progress was being made toward an agreement involving the Strait of Hormuz, though Iranian officials rejected those claims.

The announcement lifted US stock futures while sending oil prices lower. However, cryptocurrencies saw only a brief rally, with Bitcoin climbing to around $63,500 before quickly losing momentum and slipping back below $63,000 by Monday.

Attention is now shifting to a series of important US economic reports that could influence expectations for Federal Reserve policy.

The July ISM Manufacturing Purchasing Managers Index will be released later today, offering one of the earliest readings on the health of the US economy. On Tuesday, investors will receive the June JOLTS Job Openings report, followed by Wednesday’s ADP employment data, both of which provide an early look at labor market conditions ahead of Friday’s closely watched Nonfarm Payrolls report.

The monthly jobs report remains one of the Federal Reserve’s most important economic indicators. Stronger than expected employment data could reduce expectations for interest rate cuts, while weaker figures may strengthen the case for monetary easing.

Earnings Season Adds Another Market Catalyst

This week also marks a busy period for corporate earnings, with nearly one fifth of S&P 500 companies scheduled to report quarterly results.

Among the most closely watched companies are SpaceX and AMD, which report on Tuesday, followed by SanDisk on Wednesday.

While these companies are not directly tied to the cryptocurrency market, apart from SpaceX’s Bitcoin holdings, strong earnings from major technology firms have often encouraged investors to increase exposure to higher risk assets, including digital currencies.

Analysts at The Kobeissi Letter have described this as a significant week for financial markets, as it combines geopolitical developments, key labor market reports, manufacturing data, and corporate earnings shortly after one of the Federal Reserve’s most closely watched policy decisions in recent years.

A slowing US economy alongside easing geopolitical tensions could provide support for Bitcoin and the wider cryptocurrency market. On the other hand, stronger economic data or renewed conflict in the Middle East could increase pressure on risk assets and potentially send Bitcoin back toward the $60,000 level.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Ripple has strengthened its institutional digital asset strategy by investing in two infrastructure companies, Zilo and Licuido. The investments are aimed at accelerating the adoption of regulated tokenized funds, digital settlement, and collateral management on the XRP Ledger. The company did not disclose the financial terms of either deal.

The move builds on Ripple’s existing relationships with both firms as it continues expanding its ecosystem for institutional finance.

Commenting on the announcement, Nigel Khakoo, Ripple’s Senior Vice President of Trading and Markets, said:

“… ZILO and Licuido provide core capabilities that are essential to further scaling this shift: regulated digital transfer agency infrastructure and liquidity for issuance and collateral mobility. This is just the beginning of the journey, and we see a substantial opportunity to bring huge efficiencies to the investment sector over the next decade.”

Building Infrastructure for Institutional Markets

Zilo develops transfer agency and fund administration technology, providing asset managers and custodians with regulated digital record keeping for tokenized fund shares.

Licuido operates a platform regulated by the United Kingdom’s Financial Conduct Authority that enables the issuance, distribution, trading, and use of traditional financial assets as digital collateral.

Ripple plans to integrate the technologies from both companies into the XRP Ledger, allowing institutions to issue tokenized assets, securely hold them in custody, transfer them between investors, and use them as collateral without depending on traditional financial infrastructure.

The company’s RLUSD stablecoin will serve as the regulated cash component for delivery versus payment transactions, allowing both the asset and payment sides of a trade to settle simultaneously on the XRP Ledger.

Expanding Ripple’s Institutional Ecosystem

The latest investments are part of Ripple’s broader strategy to build a comprehensive platform for institutional tokenization, digital payments, stablecoins, and asset trading.

Last month, the company introduced Ripple Mint and invested in compliance technology provider Notabene, further strengthening the infrastructure available to institutions using RLUSD.

Ripple has also collaborated with major financial institutions, including Aviva Investors, Franklin Templeton, and DBS, on tokenized fund and digital collateral initiatives. According to the company, the addition of Zilo and Licuido will help transform those individual projects into scalable infrastructure that can support asset managers across the broader financial industry.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

A suspected fourth wave of attacks targeting vulnerable Coldcard generated Bitcoin wallets is underway, placing nearly 449 BTC at risk. Blockchain researcher Alex Thorn warned on August 3 that attackers had already swept hundreds of wallets in just over two hours, with the operation still ongoing at the time of his analysis.

The latest incident follows three earlier attack waves that researchers believe are linked to the same weak entropy vulnerability affecting certain versions of Coldcard firmware.

Hundreds of Wallets Targeted

According to Thorn, the latest wave involved 218 transactions affecting 462 suspected victim addresses between Bitcoin blocks 960778 and 969792. Around 388.93 BTC, worth approximately $24.4 million at current prices, was transferred to 216 destination addresses, almost all of which were newly created and had no previous transaction history.

Thorn said the transaction patterns closely matched those seen in earlier Coldcard attacks, giving him strong confidence that these wallets were part of the same exploit. However, he noted that he had not yet received direct confirmation from affected users, which is why he described the wallets as likely victims rather than confirmed ones.

After further review, Thorn removed six destination addresses from his original list after discovering they had been active long before the Coldcard attacks began on July 30. Those addresses accounted for just over 5 BTC.

He also excluded 89 multisignature addresses because none had appeared during the first three attack waves. Following those revisions, the total number of affected single signature addresses stood at 709, with approximately 448.73 BTC, valued at about $28.1 million, either already stolen or involved in pending transactions.

Victims May Still Have a Small Window to Act

Thorn urged anyone using affected Coldcard wallets to move their funds immediately and submit transactions with higher network fees.

He also pointed out that some of the attackers’ transactions were broadcast with Replace by Fee enabled. This means victims whose transactions are still waiting in the Bitcoin mempool may have a brief opportunity to increase their transaction fees and potentially have their own transfers confirmed before the attackers’ transactions.

Earlier Stolen Funds Largely Remain Untouched

Galaxy Research estimates that the first three confirmed attack waves drained 1,367 BTC, worth roughly $85.7 million, from 4,585 Bitcoin addresses.

According to the firm, most of the stolen funds remain untouched in wallets controlled by the attackers, suggesting the thefts are part of a coordinated campaign rather than isolated opportunistic attacks.

Not all of the stolen Bitcoin has remained idle, however. One victim who lost nearly 30 BTC reportedly had 17 BTC transferred through ThorChain before ending up at the Duel online casino. The casino allegedly informed the victim that a police report would be required before it could consider freezing the funds.

Vulnerability Traced to Older Firmware

The attacks exploit a vulnerability affecting wallet seeds generated by certain Coldcard firmware versions released after March 2021.

Coinkite, the manufacturer of the Coldcard hardware wallet, confirmed that seeds created on affected Mk3, Mk4, Mk5, and Q devices are vulnerable. Although updated firmware prevents the issue for newly generated seeds, it cannot protect wallets created with the older compromised versions.

The company said it has destroyed all remaining vulnerable inventory, suspended shipments of affected devices, and is working with customers and law enforcement to identify those responsible for the attacks.

Coinkite has also urged users to migrate their funds to a newly generated seed created on an unaffected device. Thorn warned that every single signature Coldcard wallet generated under the vulnerable conditions is ultimately expected to be drained if users fail to move their funds in time.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Ethereum closed July with gains, yet the cryptocurrency remains about 60% below its all time high. At the same time, the blockchain itself is performing better than ever, creating a growing disconnect between the network’s success and the price of its native token.

Recent on chain data shows Ethereum is processing record levels of activity after years of network improvements. However, ETH has struggled to reflect that progress in its market performance, prompting analysts to question why the asset continues to underperform despite the ecosystem’s growth.

Network Performance Reaches New Highs

Since the landmark Merge upgrade, Ethereum developers have introduced several additional upgrades that have significantly improved the network’s scalability. As a result, Ethereum now handles far more activity than it did during its proof of work era.

According to data shared by analyst Tanaka, Ethereum’s layer one network generated more than $88 million in Real Economic Value during the second quarter, representing a 7% increase from the previous quarter. Even so, that figure remains nearly 70% lower than it was a year earlier.

Applications built on Ethereum generated approximately $1.8 billion in fees over the same period, while the base layer captured only about 4.9% of that economic value. This gap highlights how much of the ecosystem’s activity is taking place outside Ethereum’s main network.

Rollups now process around 1,270 user operations per second, compared with roughly 20.4 on Ethereum’s mainnet. Robinhood Chain alone is reportedly handling nearly five times as many operations as Ethereum’s layer one.

While describing Ethereum’s technical progress as impressive, Tanaka questioned how much of that expanding activity ultimately benefits ETH holders.

Current network statistics include:

• Total ETH supply of roughly 121.88 million

• About 41.1 million ETH staked on the Beacon Chain

• Nearly 33.7% of the total supply securing the network

• Staking issuance yield of around 2.6%

• Annualized supply growth of approximately 0.85%

• Seven day blob fee burn totaling only about 0.22 ETH

Ethereum Investment Thesis Is Evolving

Despite ETH’s lackluster price performance, the analyst does not believe Ethereum is fundamentally broken. Instead, they argue that the investment case for ETH is shifting.

Rather than relying on the idea that more users automatically generate more fees and increase ETH burning, Ethereum’s future may increasingly depend on its role as the foundation for tokenized finance.

The value of real world assets on Ethereum has surpassed $17 billion, while the stablecoin market has expanded to nearly $300 billion. According to the analyst, Ethereum’s biggest advantage is no longer low transaction costs but its position as the leading settlement layer for institutional finance.

Looking ahead, several factors could determine whether ETH benefits more directly from ecosystem growth. These include whether layer two activity eventually increases the value of blob space, whether stablecoins and tokenized real world assets generate meaningful on chain economic activity, and whether institutions begin holding ETH as reserve collateral within the Ethereum ecosystem.

Despite the ongoing debate, the analyst remains bullish on Ethereum and plans to continue accumulating ETH, arguing that the network has already solved its long standing scalability challenges and remains well positioned for both the near and long term.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

PayPal is placing greater emphasis on stablecoins after reporting solid second quarter earnings and restructuring its business to give cryptocurrency its own dedicated division.

The payments giant processed a record $486.4 billion in total payment volume during the second quarter, representing a 10% increase from the same period last year. Alongside its earnings report, the company announced the creation of a new Payment Services and Crypto division, highlighting its growing commitment to digital assets.

The new business unit will operate alongside Checkout Solutions and PayPal and Consumer Financial Services and Venmo. PayPal also identified stablecoins as one of its three key innovation priorities, alongside agentic commerce and identity and biometric technologies.

Revenue Climbs Despite Crypto Investment Losses

PayPal generated $8.68 billion in revenue for the quarter, a 5% increase year over year. Adjusted earnings reached $1.38 per share, outperforming analyst expectations of about $1.28 per share.

Transaction margin dollars rose 1% to $3.9 billion, while adjusted free cash flow reached $1.83 billion. Following the strong results, the company increased its full year transaction margin outlook to approximately $15.6 billion and raised the lower end of its adjusted earnings per share forecast to around $5.38.

The company reported $81 million in losses tied to strategic investments and cryptocurrency assets held for investment during the quarter, compared with $74 million in the first quarter. These losses were excluded when calculating adjusted earnings. PayPal noted that the same investment portfolio contributed approximately $0.14 per share to its full year 2025 GAAP earnings.

PayPal’s stablecoin, PYUSD, had a circulating supply of about $2.8 billion by the middle of July, down from more than $4 billion in March. On July 9, the token launched natively on the Polygon network through issuer Paxos. The company says PYUSD is now available across 70 markets.

In December, YouTube began paying eligible creators in the United States using PYUSD. However, research from CoinGecko indicates that PYUSD and Societe Generale’s EURCV still account for only a small share of the stablecoin market, while USDT and USDC continue to dominate with a combined 93.5% of the fiat backed stablecoin supply.

Leadership Focuses on Efficiency and AI

Chief Executive Officer Enrique Lores, who assumed the role on March 1 following Alex Chriss’ departure, has outlined an ambitious cost saving strategy aimed at reducing expenses by at least $1.5 billion over the next two to three years. The company expects to achieve roughly $400 million of those savings by the end of this year.

The efficiency plan extends through 2029 and centers on three priorities: simplifying the company’s organizational structure, improving operations and portfolio management, and accelerating the adoption of artificial intelligence, which PayPal expects will deliver about 40% of the projected savings.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Robinhood posted a record $1.31 billion in net revenue for the second quarter, marking a 32% increase from a year earlier. Strong performance in prediction markets, options, and equities helped offset a significant decline in cryptocurrency revenue.

The company’s transaction based revenue climbed 44% to $776 million during the quarter, with event contracts standing out as one of its fastest growing business segments.

Revenue from event contracts reached $156 million, more than ten times higher than the same period last year. Trading activity also surged, with the number of event contracts rising more than tenfold to a record 13.6 billion.

Prediction Markets Lead Growth

Robinhood Chairman and Chief Executive Officer Vlad Tenev said prediction markets have expanded steadily since March and believes the momentum will continue. In June, the company launched Rothera, a Commodity Futures Trading Commission licensed exchange and clearinghouse, through its joint venture with Susquehanna International Group. Robinhood said more than 3.5 billion event contracts have already been traded on the platform.

Options trading remained another major revenue driver, generating $342 million, up 29% from a year ago. Equities performed even better, with revenue increasing 95% to $129 million. Equity trading volume reached a record $956 billion, representing an 85% increase compared with the same quarter last year.

Despite these gains, cryptocurrency activity weakened. Crypto revenue declined 38% year over year to $100 million. Total crypto trading volume came in at $40 billion, including $18 billion through the Robinhood app and $22 billion from Bitstamp.

Expanding Global Blockchain Strategy

Robinhood continues to expand its presence in blockchain and digital assets worldwide. During the quarter, it launched the public mainnet for Robinhood Chain, an Ethereum Layer 2 network built for financial services and real world assets. The company also introduced stock tokens for eligible users across more than 120 countries.

In May, Robinhood rolled out Agentic Trading, a platform that allows customers to use AI powered agents to trade equities, options, and cryptocurrencies. Nearly 100,000 users have opened Agentic Trading accounts, with more than $100 million in assets under custody.

The company also strengthened its international expansion by completing its acquisition of WonderFi, a Canadian digital asset products and services platform, marking Robinhood’s official entry into the Canadian market.

Highlighting the company’s long term vision, Tenev said:

“Whether it’s the Robinhood Chain, Robinhood Ventures, or Trump Accounts, our product velocity is focused on one goal: making everyone an owner. Broad ownership is essential to a free, stable, and prosperous society.”#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic