News linked to both this project and an event.
Odaily News: Bloomberg ETF analyst Eric Balchunas stated on the X platform that Robbie Mitchnick just mentioned on the show that Bitcoin holders can now redeem BTC for IBIT through in-kind transactions with a minimum amount of $1 million; previously, the minimum was $2.5 million.
Bitcoin price fell below $64,500, erasing weekend gains as it corrected in sync with US stocks; institutional ETFs saw net inflows of $865 million last week, showing capital fundamentals remain strong.
Odaily News: According to Lookonchain monitoring, as of the August 10 data update, Bitcoin ETFs saw a single-day net inflow of 1,731 BTC, valued at $112 million; over the past 7 days, net inflows totaled 12,400 BTC, valued at $799 million. Ethereum ETFs saw a single-day net inflow of 29,900 ETH, valued at $56.78 million; over the past 7 days, net inflows totaled 118,500 ETH, valued at $225 million.
Odaily News: According to on-chain analyst Yu Jin's monitoring, Bitcoin treasury company Strategy sold 1,690 BTC last week at a price $11,123 lower than its cost basis, resulting in an actual loss of $18.8 million. Strategy currently holds 840,447 BTC with a market value of $54.742 billion, an average cost of $75,385 per BTC, and an unrealized loss of $8.615 billion, representing an unrealized loss ratio of -13.6%.Ethereum treasury company Bitmine purchased 7,391 ETH last week at an average price of approximately $1,888, totaling $13.95 million. Bitmine holds a total of 5,805,238 ETH with a market value of $11.152 billion, an average cost of $3,369 per ETH, and a total unrealized loss of $8.406 billion, representing an unrealized loss ratio of -43%.
Odaily News: An anonymous Bitcoin holder has sold 7,513 BTC over the past three weeks, valued at approximately $487 million based on prices at the time. The wallet transferred another 1,019 BTC, worth about $66.4 million, roughly 7 hours before blockchain data analytics firm Lookonchain issued its alert. During the relevant selling period, the price of Bitcoin remained relatively stable overall, trading in a narrow range recently, without triggering the cascading liquidations typically seen in prior cycles from moves of similar size. Strategy, the Bitcoin reserve company led by Michael Saylor and another major Bitcoin holder this month, sold 1,638 BTC between July 27 and August 2, generating approximately $105 million at an average price of $63,957 per BTC. Strategy's Bitcoin monetization plan has been approved for up to $5 billion in sales to fund preferred stock dividends and other obligations. The company's average acquisition cost is $75,419 per BTC, meaning sales below that price would result in book losses. (Bitcoin.com News)
Odaily News: Part of hardware wallet manufacturer Coldcard's firmware had a random number generation vulnerability in 2021, causing some mnemonic phrases generated by the devices to carry predictable risks. The vulnerability was only discovered years later, and by then approximately 5,200 addresses and around 2,000 BTC had been stolen, with losses totaling about $130 million. Following the incident, some investors turned to Wall Street custody products. U.S. spot Bitcoin ETFs saw net inflows of approximately $626 million within days of the event. ETF analyst Eric Balchunas noted that security incidents like this could further drive capital flows into ETFs. The Bitcoin core community continues to uphold the principle of self-custody. Casa co-founder Jameson Lopp said recent events should not weaken user confidence in self-custody, as third-party custody carries risks as well. Early Bitcoin Core developer Peter Todd stated that self-custody has a better long-term security track record than centralized institutions. Michael Tanguma, co-founder of Bitcoin custody platform Onramp, said both approaches have flaws: concentrating large amounts of assets in a single institution creates a "honey pot," while hardware wallets face risks related to supply chains, firmware, and random number generation. Michael Tanguma proposed a "multi-institution custody" approach, in which multiple regulated institutions each hold keys through a multi-signature mechanism, and any transaction requires joint signing by multiple institutions to reduce the risk of single points of failure. Critics argue that while multi-institution custody improves security, it also introduces permissioned management, which conflicts with the decentralized ideals Bitcoin originally pursued. As Bitcoin enters pension funds, trusts, and institutional asset allocation, the industry is seeking custody solutions suitable for long-term wealth management. How to strike a balance among security, decentralization, and usability remains a challenge facing the Bitcoin ecosystem.
According to Onchain Lens monitoring, FalconX transferred 120 Bitcoin to Coinbase approximately 24 minutes ago, valued at approximately $7.82 million at the time.
Odaily News: Crypto analyst Murphy stated that Bitcoin chip concentration has risen to 14.8%, approaching historical high-risk levels. Chip concentration alone cannot determine the future direction of BTC prices, but historical data suggests that when the curve begins to turn, if BTC prices have been rising previously, the probability of continued upward movement is higher; conversely, the probability of continued downward movement is higher.Currently, this indicator is still in an upward phase, so the direction of the next price swing cannot yet be determined. However, market data shows that as chip concentration continues to rise, potential volatility risks are accumulating, and the BTC market may face larger price fluctuations.
According to on-chain analysis platform Lookonchain (@lookonchain), TUT liquidations exceeded $44 million in the past 24 hours, far surpassing BTC and ETH, becoming the asset with the highest liquidation volume during the same period.
According to monitoring by on-chain analyst Ember (@EmberCN), a suspected miner address has cumulatively deposited 6,494 BTC (approximately $421 million) to Binance over the past 20 days, at an average price of approximately $64,798; of this, 2,802 BTC (approximately $182 million) were transferred in just the last two days. Notably, the latest batch of 1,019 BTC (approximately $66.42 million) originated from funds received from institutional trading platform FalconX one year ago, when the average price was approximately $116,110, reflecting a value decrease of approximately 44% after holding for a year before being transferred to the exchange.
Odaily News According to Lookonchain monitoring, a whale sold another 1,019 BTC 7 hours ago, worth $66.4 million; over the past 3 weeks, it has sold a total of 7,513 BTC, worth $486.9 million.
Odaily News, ARK Invest founder Cathie Wood stated that while the recent U.S. employment report appears concerning on the surface, deeper economic trends are shifting. Productivity gains, the expanding application of AI, and potential deflationary pressures could become the main market themes moving forward.Wood noted that the U.S. federal deficit as a percentage of GDP is currently around 5.6%, approaching levels seen during the Reagan era in the 1980s. She believes that if productivity and technology adoption continue to accelerate as ARK anticipates, that ratio could fall to about 5% by year-end, although most economic forecasters view this target as difficult to achieve.On inflation, Wood believes the market is underestimating deflationary risks. She noted that recent inflation data has consistently come in below expectations, with the June CPI falling 0.4% month-over-month, PPI down 0.3% month-over-month, and core PCE rising just 0.1% month-over-month. She argues that companies that fail to adopt AI and productivity tools may face greater pricing pressure and competitive risks in the future.Wood is also bullish on the U.S. dollar. ARK's data model based on Kalshi prediction markets suggests the dollar index could rise to 102.6 this year. She pushed back against the view that "overseas capital is selling off U.S. assets," pointing out that Japan's recent currency market intervention primarily involved selling euros and buying yen, rather than selling dollars.In energy markets, Wood believes a global crude oil supply glut is taking shape. She noted that the UAE's production has risen to historic highs after leaving OPEC, and further downside in oil prices could act as a deflationary driver for the global economy.Regarding the AI investment boom, Wood said concerns about an AI bubble are overblown, and the current growth in capital expenditure likely represents the early stage of a long-term technological revolution rather than a short-term speculative cycle.In the crypto asset space, Wood said Bitcoin's performance relative to gold is stabilizing, and believes that as the "agentic commerce" economy develops, Bitcoin and stablecoins could become the biggest beneficiaries.
Well-known trader Killa stated that Bitcoin remains in a narrow range consolidation phase in the short term, with $65,300 being the current key threshold.
Bitwise Chief Investment Officer Matt Hougan stated that as Bitcoin is increasingly viewed as a mainstream financial asset by financial advisors, family offices, pension funds, insurance institutions, and sovereign wealth funds, it could attract institutional capital inflows worth trillions of dollars over the next decade. He pointed out that global large institutions manage approximately $100 trillion to $200 trillion in assets, and if about 1% of that were allocated to Bitcoin, it would be sufficient to support its long-term price expectations.
硬件钱包厂商 Ledger 就 BIP-110 分叉发布安全提醒称，BIP-110 是一项未内置重放保护（replay protection）的比特币软分叉方案，如果形成独立链，BTC 持有者可能在新链获得相同数量的对应资产，但两条链初期可能接受相同签名交易。 用户若尝试转移或出售 BIP-110 链上的资产，相关交易可能被“重放”至比特币主链，导致对应 BTC 同时被转出。
According to EmberCN monitoring, a suspected miner address deposited 2,802 Bitcoins to Binance in the last two days, worth approximately $182 million. In the past nearly 20 days, the address has cumulatively deposited 6,494 Bitcoins to Binance, with a total value of approximately $421 million, at an average price of approximately $64,798.
Odaily News: According to Onchain Lens monitoring, BitMEX, owned by Arthur Hayes, transferred 367.65 BTC (approximately $23.92 million) from a cold wallet to a hot wallet 4 hours ago. Over the past week, the exchange has continued to make similar transfers, possibly to process retail withdrawals, following BitMEX's announcement of closure last month. The BitMEX cold wallet address is bc1q...srq64.
US spot Bitcoin ETFs recorded approximately $1 billion in net inflows this week, marking the best weekly performance since April; meanwhile, Coldcard hardware wallets were hacked, resulting in $116 million worth of BTC stolen.
Odaily News, ECX developer Paul Sztorc has announced that the ECX hard fork will be rolled out in three phases, rather than the originally planned single release on August 23. ECX is a new blockchain that replicates the complete transaction history of Bitcoin at specified block heights. Nearly all Bitcoin holders, except for those holding a portion of Satoshi Nakamoto's Bitcoins, will receive an equivalent amount of ECX, while the Bitcoin network itself remains unchanged. The first Alpha version will be activated on August 23 at block height 963,648, the Beta version will go live on September 20 at block height 967,680, and the permanent full version is scheduled for release on October 31 at block height 973,728. Tokens collected during the Alpha and Beta phases can be burned and exchanged for official ECX once the permanent chain goes live. ECX's replay protection remains an optional mechanism. The official wallet will enable this protection and remind users before executing transactions. Paul Sztorc stated that if users ignore the reminders, ECX will replay their Bitcoin transactions, causing the associated Bitcoins to be transferred out along with the user's actions and moved to new holders. October 31 also marks the 18th anniversary of Satoshi Nakamoto publishing the Bitcoin whitepaper.
Odaily News: Recently, a whale opened a short position on Bitcoin worth $102 million at 40x leverage, suffered partial liquidation, and incurred losses of approximately $1.46 million over the past week. Currently, the whale has reduced the short position to about $60 million by adding margin, with an entry price of $64,212.5 and a liquidation price of $65,310.2.