Bitcoin Dominance (BTC.D) stabilizes, signaling an altcoin bull run start. ETHBTC pair showed significant movements pointing to ETH's upward momentum. Continue Reading: Bitcoin Dominance Shift Spurs Altcoin Surge The post Bitcoin Dominance Shift Spurs Altcoin Surge appeared first on COINTURK NEWS .
Capital is flowing fast across the top crypto for 2025, and three names are leading the charge. Solana, Ethereum, and BlockDAG have all triggered market-wide reactions, but only one is redefining what early entry can look like in this cycle. Solana climbed 4.05% to reach $168.48 after Artelo Biosciences allocated $9.475 million of its treasury into SOL. Ethereum followed with a massive July performance, pushing $240 billion in on-chain volume, its highest level since December 2021. Still, it is BlockDAG drawing the sharpest focus. With $365 million raised, a live 10 BTC auction, and a 17x price jump locked for August 11, this presale is becoming the market’s defining moment. Solana Sees Pharma Capital: Solaxy Layer-2 Boosts APY Appeal Solana’s recent 4% rise to $168 is not just a technical rebound. It was backed by a $9.475 million allocation from Artelo Biosciences, marking the first pharmaceutical treasury entry into SOL. This bold move could set a precedent for other biotech firms exploring blockchain exposure through trusted platforms. On the chart, SOL bounced off the lower Bollinger Band at $156.83 and triggered a MACD crossover. Volume confirms strength, and if $180 breaks, the next leg could target $185 or even $190. As Solaxy prepares for mainnet with staking up to 70%, the broader ecosystem is gaining credibility. Yet, BlockDAG remains the stronger value play with a wider infrastructure and more upside. ETH Hits $238B Monthly Volume; Growth May Be Capped Ethereum just recorded its highest transaction volume since 2021, with $238 billion in July and 46.67 million transactions processed. That momentum lifted ETH to $3,700, backed by surging demand and renewed on-chain engagement. However, much of that growth is now priced in. The seven-day average for transactions reached 1.64 million, near peak levels, while 17.55 million active addresses shows strong interest. But with ETH already elevated, many are shifting attention to BlockDAG. Its early-stage growth window and lower cost entry point offer a more compelling path for those chasing the next wave. BlockDAG Targets 17x Gains & 10 BTC Auction as Presale Crosses $365M While Solana and Ethereum continue climbing, BlockDAG is building an entirely different narrative. The presale has already raised more than $365 million, and with August 11 approaching fast, urgency is building. The current $0.0016 GLOBAL LAUNCH release price will be replaced by $0.0276, marking a 17x jump overnight. With the confirmed exchange listing price set at $0.05, early buyers are staring down a potential 3,025% return. What amplifies this momentum is the ongoing 10 BTC Auction. Anyone who joins before the August 11 cutoff is automatically entered. The more a buyer contributes, the greater their odds of taking a slice of the Bitcoin prize pool. It is an incentive that rewards conviction and pushes new capital into BlockDAG with every passing hour. This is not a meme-driven spike. The ecosystem is already live. Dashboard V4 has launched with charting and simulation tools, and the X1 app now supports over 2.5 million mobile miners. Five major exchanges are confirmed for listing, including BitMart, MEXC, CoinStore, XT.com, and LBank, signaling that market access is ready from day one. BlockDAG’s foundation is what makes it different. It merges blockchain and DAG technology to create scalable throughput, EVM support, and a low-code Smart Contract Builder. This makes it more than a token; it is a full-stack ecosystem built for performance and sustained utility. Key Points The crypto market rarely moves in unison, and this week makes that clearer than ever. Solana’s 4% rally reflects growing real-world traction, and Ethereum’s $240 billion in July volume reaffirms its position at the top. Both remain solid contenders heading into 2025 with strong momentum behind them. Still, neither offers the asymmetric upside that BlockDAG brings to the table. With $365 million raised, a live 10 BTC auction, and its $0.0016 price expiring by August 11, BlockDAG is setting the pace. For those targeting the top crypto for 2025, this presale is more than noise; it is the main event. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post BlockDAG’s $365M Presale, 10 BTC Giveaway, & 3,025% Upside Leave SOL’s 4% Rally and ETH’s $240B Volume Behind! appeared first on TheCoinrise.com .
Michael Saylor proposed a strategy at the 2025 White House Summit that could shift over $1 trillion into Bitcoin, potentially reshaping global financial systems. Saylor’s proposal emphasizes Bitcoin as digital
After failing to decisively break above the $120,000 level in mid-July, Bitcoin (BTC) could face further price corrections as whales continue to increase BTC inflows to the Binance crypto exchange. Is Bitcoin Losing Its Bullish Momentum? According to a recent CryptoQuant Quicktake post by contributor Arab Chain, fresh data from the Binance Whale-to-Exchange Flow indicator suggests that BTC may soon experience additional downside pressure. Related Reading: Bitcoin ETF Market Flashes Warning: IBIT Outflows Paired With Drop In Tron USDT Transfers The analyst noted that despite growing retail participation in the BTC market, persistently high whale inflows into Binance – combined with a declining Bitcoin price – signal that the market could be entering a technical correction phase. Arab Chain shared the following chart, where the purple zone shows that whale inflows to Binance remained consistently high throughout July and early August. At the same time, the drop in BTC price reflects a distribution pattern, where whales begin unloading BTC on exchanges following a sharp rally. Although there were no extreme spikes, whale inflows into Binance stayed elevated in the $4 billion to $5 billion range, indicating that these large holders are actively moving BTC onto the exchange – often a precursor to major sell-offs. The fact that these inflows remain high on Binance despite the drop in BTC price suggests that either whales are still selling their holdings on the exchange, or they are waiting for a price rebound to exit the market. Similarly, the light blue area in the chart shows a notable increase in retail inflows to Binance during late July and early August. Historically, such late-stage retail participation often marks the final phase of a bullish cycle, providing exit liquidity for whales. The analyst concluded: Despite the rise in retail participation, the market shows signs of internal weakness, with sustained whale inflows to Binance and loss of upward momentum. If this behavior continues, the market may be entering a medium-term correction phase. Investors Still Optimistic About BTC While signals suggest the current BTC rally may be overextended, some investors remain confident, employing strategies like Smart Dollar-Cost Averaging (DCA) to accumulate BTC in anticipation of further price gains. Related Reading: Bitcoin Holds Steady At $115,000, But Realized Price Data Warns Of Fragility Fellow CryptoQuant analyst Oinonen noted that while the recent pullback in BTC price may have raised concerns about further declines, the asset’s historical Q4 performance could propel it to a new all-time high of $200,000 by the end of 2025. After hitting a recent low around $111,800, BTC has recovered part of its losses and is now trading near $116,500. Still, some analysts caution investors against “excessive optimism.” At press time, BTC was trading at $116,501, up 0.2% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Harvard Management Company, which oversees the university’s $50 billion endowment , disclosed a $116 million position in BlackRock’s iShares Bitcoin Trust (IBIT) in its latest quarterly filing with the U.S. Securities and Exchange Commission (SEC). The stake, reported in a Form 13-F on Friday covering holdings as of June 30, 2025, represents one of the largest known bitcoin allocations by a U.S. university endowment. IBIT, launched in January of last year, is a spot bitcoin exchange-traded fund that allows investors to gain exposure to the cryptocurrency without directly holding it. The position places the university among a growing cohort of institutional investors — from hedge funds to pension systems — adding regulated bitcoin products to their portfolios. The disclosure comes as total assets across U.S. spot bitcoin ETFs have climbed into the tens of billions of dollars, driven by both retail inflows and large-scale institutional allocations. For endowments, the ETF structure offers daily liquidity and SEC oversight, which can help meet governance and compliance requirements for alternative investments. Harvard didn't provide further comment on the filing. Read more: U.S. Endowments Are Leaning Into Crypto: FT
The odds of the SEC approving an XRP ETF have dropped to 66%, but Bloomberg analysts maintain a 95% forecast, viewing the dissent of a single SEC commissioner as insignificant.
Michael Saylor believes that the recent U.S. tariffs on gold bars will accelerate the shift towards Bitcoin, emphasizing its advantages as a digital asset. Bitcoin’s appeal lies in its digital
Harvard University's investment arm has invested $120 million in BlackRock's iShares Bitcoin Trust ETF (IBIT). Harvard owns 1.9 million shares of the fund, according to a 13F filing with the U.S. Securities and Exchange Commission (SEC). Harvard's portfolio also includes shares of tech giants like Microsoft, Amazon, Alphabet, Meta, Nvidia, as well as large companies like SPDR Gold Trust and Broadcom. *This is not investment advice. Continue Reading: BREAKING: With Billions of Dollars in Assets, Harvard Makes an Unexpected Move on Bitcoin
Summary Hut 8 Corp.'s recent outperformance versus Bitcoin is notable, but operational profitability remains heavily dependent on unrealized gains from BTC holdings. The compute segment showed strong revenue and margin growth, but other segments struggled, and overall profitability is masked by accounting for Bitcoin revaluation. Ballooning SG&A and depreciation expenses are concerning, especially if the AI/data center buildout fails to deliver expected growth. Despite some positives, I maintain a Hold rating on HUT stock, preferring direct Bitcoin exposure or purer HPC/AI plays for investors. As we approach five months since my last Seeking Alpha article covering Hut 8 Corp. ( HUT ), we have two additional quarters of company performance to assess in addition to the performance of the stock price. Readers might recall that back in March, I felt investors would do better being long Bitcoin ( BTC-USD ) rather than HUT shares: While I'm encouraged by Hut 8's ability to transform the business over the last year or two, the equity still goes as Bitcoin goes. And if given a choice between the two, investors will likely do much better just buying Bitcoin. As fate would have it, that call has turned out to be wrong: Data by YCharts Since my last HUT piece , the stock—as well as the broader mining sector—outperformed Bitcoin by a rather significant margin. I think it's worth looking at HUT's recent earnings report to estimate whether this outperformance can reasonably continue. Q2-25 Earnings For the quarter ended June 2025, Hut 8 reported $41.3 million in top-line revenue. This was a 17.3% year-over-year increase from June 2024. By segment, the revenue breakout was as follows: Revenue 000s 3mo 6/30/25 3mo 6/30/24 YOY Power $5,492 $10,530 -47.8% Digital Infrastructure $1,512 $5,264 -71.3% Compute $34,295 $15,795 117.1% Other $0 $3,626 -100.0% Total Revenue $41,299 $35,215 17.3% Source: Hut 8. These numbers are a bit all over the place due to Hut 8's reclassification and consolidation of certain revenue segments. Underneath the "Power" umbrella, Hut 8 generates revenue from capacity contracts and energy sales to the Ontario electrical grid. Under this same segment, Hut 8 offers its energy infrastructure expertise to institutional clients. Within Hut 8's "Digital Infrastructure" segment, the company offers co-location services for both Bitcoin mining and CPU-based workloads. "Compute" rolls up three different sub-segments that include Bitcoin mining, which has been spun out to American Bitcoin, data center cloud services, and Highrise AI, the latter of which runs a GPU-as-a-service model. As would likely be expected given the operations of the legacy Hut 8 entity and the biggest contributor to top-line revenue in the table above, Compute was Hut's largest expense with $14.6 million in COGS in the quarter ended June. COGS 000s 3mo 6/30/25 3mo 6/30/24 YOY Power $5,000 $5,449 -8.2% Digital Infrastructure $2,120 $4,331 -51.1% Compute $14,656 $8,670 69.0% Other $0 $2,186 -100.0% Total COGS $21,776 $20,636 5.5% Source: Hut 8. Compute COGS grew year over year by 69%, which was actually quite a bit less than the 117% year-over-year growth in revenue from that category. This led to a monster gain in gross profit for Compute from $7.1 million last year to $19.6 million this year. That said, the year-over-year performance in the other segments looks quite rough: Gross Profit 000s 3mo 6/30/25 3mo 6/30/24 YOY Power $492 $5,081 -90.3% Digital Infrastructure -$608 $933 -165.2% Compute $19,639 $7,125 175.6% Other $0 $1,440 -100.0% Gross Profit $19,523 $14,579 33.9% Source: Hut 8. Again, this is due to segment consolidation and reclassification to some degree. But gross profit in Power fell by 90% year over year, and Digital Infrastructure turned negative. This was largely impacted by the termination of an agreement with Ionic Digital. Compute remains the biggest driver of the top line for Hut 8, and that segment is still highly reliant on Bitcoin mining. As has been a common tale in mining earnings reports for the last few quarters, positive net income is generally only possible with paper gains in Bitcoin holdings. During the quarter, Hut 8 reported a positive net income of $137.5 million. Take away the $217.6 million gain on BTC holdings, and Hut 8's real operations were actually negative to the tune of $80.2 million in the quarter. I recognize that FASB accounting rules allow for this, but I do think it can be misleading to include unrealized gains on dormant assets in a company's operational performance, as it can potentially give investors a false view of the company's true profitability. And if BTC asset revaluation is going to be the key determinant in Hut's corporate performance, then the level of BTC relative to the market valuation of the equity may be important to consider. mNAV, Sats Per Share, and Ownership While HUT is not a 'treasury company' in the same sense that an entity like Strategy ( MSTR ) would be considered one, Hut 8 does command the 12th largest BTC stack held by any public company with 10,667 BTC as of quarter-ended June. Hut 8 mNAV Trend (BitcoinTreasuries) Given the company's current market value, HUT has an mNAV of 1.76. This is close to the mNAV of Strategy and generally in line with other mining stocks like Riot Platforms ( RIOT ) and CleanSpark ( CLSK ). Even as the company has often relied on shareholder dilution to fund growth, the year-over-year change in the "sats per share" figure shown below has grown 2% year over year from 10,017 to 10,217. HUT (Sats per Share) (Author's Chart, Data from Hut 8 and Seeking Alpha) This is well below the YoY sat-backing growth that we've seen from companies like MARA Holdings ( MARA ) or Riot Platforms, but ahead of similarly sized Cipher Mining ( CIFR ). It should also be noted that recent "sats per share" numbers over the last few quarters have been roughly flat and well below the highs from 2022. Something else that I like to look at with the public miners is the degree to which hedge funds are holding the stocks. As of Q1 25, 30% of HUT's outstanding shares are held by the "smart money". Shares in millions (Author's Table, Data from Hedge Follow and Google Finance) This 30% hedge fund ownership generally puts HUT in the middle of the pack relative to the 12 stocks shown above, but much closer to top-owned Core Scientific ( CORZ ) than HIVE Digital Technologies ( HIVE ). My read on this is that even though Hut 8 is seen as one of the stronger bets in the public mining space by fund managers. Risk to Consider We've already seen that Hut is not a profitable company without BTC revaluation. Despite that, Compute has actually seen growth in gross margins year over year. From where I sit, a big factor holding back Hut from positive net income in more real terms is the ballooning expenses in SG&A and Depreciation & Amortization: HUT, SG&A as a % of Revenue (Seeking Alpha) Both categories have seen growth outpace total revenue over the last year. But it's the level to which the spending is occurring relative to top-line revenue that I find more concerning. In Q2 24, SG&A was 44.5% of revenue, which is still quite high. That figure ballooned to 89.7% in Q1-25 and 73% last quarter. While lower on a relative basis, Depreciation and Amortization came in at 68.3% and 47.1% of revenue over the last two quarters. To be clear, Hut is not the worst offender of SG&A as a percentage of revenue, but the trend is worrisome if the HPC/AI data center buildout turns out to be a bust. Closing Takeaways I think the major concern here is fairly straightforward; it takes unrealized gains in Bitcoins that have already been mined to generate positive net income in the reporting quarter. This has the double impact of masking operational losses while also putting the company at significant risk if the value of that Bitcoin were to actually go down substantially, as has been the case numerous times over the coin's nearly 16-year history. There are likely some who view Bitcoin cycle theory as less relevant in a post-ETF world, but Bitcoin, the asset, is currently reliant on capital flows rather than underlying usage of the network itself. As easily as this capital has moved into BTC, it can most assuredly move out as well. That said, Bitcoin's current trajectory still appears to be up. If the company can continue to grow "sats per share" the way it has over the last quarter, then it stands to reason that HUT could theoretically continue to outperform BTC in a bull run. As a raw BTC proxy, I like other opportunities better. And as an HPC/AI investment, there are other companies that are closer to pure play. I'm still going to rate HUT shares a Hold today.
Bitcoin’s market is currently experiencing cooling speculation, indicated by falling funding rates and strong exchange outflows, reflecting investor confidence. Funding rates have dropped below 0.1%, signaling reduced speculative activity. Exchange