The identity behind a long-unknown, massive cryptocurrency whale has been revealed. Blockchain analysis platform Arkham announced that the address in question belongs to Bitmine Immersion Technologies. The company is chaired by renowned Wall Street strategist Tom Lee. According to Arkham data, Bitmine holds a total of $5.14 billion in assets with 1.17 million Ethereum (ETH), making it the company with the largest Ethereum treasury in the world. Bitmine purchased an additional 28,650 ETH (approximately $129.89 million) in just the last hour. This aggressive buying strategy appears set to continue in the coming days. Tom Lee highlighted the supply shortage in Ethereum, claiming that institutional investors haven't yet fully grasped this opportunity. Related News: BREAKING: Fed Announces Bullish News for Cryptocurrencies Bitmine stands out as a company that was previously known for its Bitcoin mining operations but has recently shifted its focus to accumulating Ethereum. Under Lee's leadership, the company aims to increase its ETH reserves by raising an additional $20 billion. Corporate crypto treasury strategies first came to the fore in 2020 with Michael Saylor's Bitcoin purchases with MicroStrategy. Recently, companies have begun adding alternative crypto assets to their balance sheets, moving down the risk curve. *This is not investment advice. Continue Reading: Identity of the Long-Time Anonymous Cryptocurrency Whale Has Finally Been Revealed
Markets are still recovering from Thursday’s bombshell commercial inflation data, but institutional interest in bitcoin is still alive and well. BTC Flat, Yet Institutional Investors Remain Bullish Bitcoin dipped below $117K on Friday, as markets floundered in the wake of Thursday’s higher-than-expected wholesale inflation data from the U.S. Bureau of Labor Statistics (BLS). But the
Bitcoin and Ether’s pullback suggests selling on rallies, but buyers are likely to step in at key support levels.
Bitcoin’s record-breaking rally hit a pause this week as shifting U.S. policy signals triggered a sharp pullback. After surging to an all-time high of $124,457 on August 13, BTC plunged as low as $117,477 on Friday morning before stabilizing around $119,000. Related Reading: Bitcoin Act Is Still America’s Playbook, Clarifies Senator Lummis The 5% drop followed U.S. Treasury Secretary Scott Bessent’s comments ruling out additional government Bitcoin purchases for strategic reserves, sparking $1 billion in leveraged liquidations. Despite the correction, on-chain data suggests the market may be setting up for another leg higher. Exchange netflows have dipped to levels historically seen before major bull runs in 2017 and 2021, signaling reduced selling pressure from long-term holders. Short-Term Bitcoin (BTC) Holders Show Strength Amid Volatility One of the most striking trends has been the resilience of short-term holders (STHs), defined as addresses holding Bitcoin (BTC) for 155 days or less. Instead of selling into the rally, STHs have shifted toward accumulation, as reflected in the rebound of the STH Spent Output Profit Ratio (SOPR) above the neutral line. This indicates that coins moved by STHs are being sold at a profit, yet without triggering large-scale profit-taking. Market analysts view this conviction as a stabilizing force that could help absorb selling pressure and support higher prices in the coming weeks. BTC's price breaks below $120,000 on the daily chart. Source: BTCUSD on Tradingview Derivatives Market Points to Aggressive Buying The derivatives market has also flashed bullish signals. Over the past 24 hours, BTC recorded $24.28 million in short liquidations versus $17.16 million in long liquidations, alongside a 65% surge in trading volume to $149.47 billion. Options volume soared 128% to $9.43 billion, while the taker buy/sell ratio hit a monthly high of 1.16, a sign that buyers are aggressively absorbing supply. Positive funding rates further indicate traders’ willingness to pay premiums to hold long positions, suggesting confidence without excessive leverage risk. The NVT Golden Cross, a valuation-to-transaction metric, has dropped sharply, a pattern that has historically preceded strong rallies. Related Reading: Bitcoin Pulls Back Below $120K After New ATH as Whale Ratio Hits Risk Levels With resistance at $122,190 and support near $115,892, market watchers say a breakout above the former could trigger a retest of $124,457. Cover image from ChatGPT, BTCUSD chart from
Ethereum ETFs topped Bitcoin inflows for a fifth day as corporate treasuries continue to accumulate ETH and exchange supply falls.
A clean neckline break has flipped the script on $WIF. On August 15, the memecoin completed a textbook head-and-shoulders pattern, breaking below $0.94 and setting sights on $0.65, a bearish shift that threatens to erase weeks of bullish momentum. While whale inflows and new validator developments fueled earlier momentum, the asset’s price movement now reflects growing selling pressure and fading bullish strength. Without a strong recovery above resistance, $WIF may remain under pressure as sentiment shifts defensively across the meme token landscape. Source: CoinGecko Beyond the Beanie: Why WIF’s Whale Accumulation and New Utility Could Indicate a Bullish Rebound The original pink knitted hat worn by Achi, the Shiba Inu mascot of $WIF, sold for 6.8 BTC (approximately $800,000) on the Bitcoin Ordinals marketplace, Ord City. Bags founder Finn placed the winning bid, pledging to “return it to the community.” aaaannnd SOOOLLLLD to @finnbags #Finnwifhat pic.twitter.com/d7i8MYP7S2 — ordcity (@ordcity) August 7, 2025 While $WIF cooled off, Solana’s memecoin spotlight shifted to rivals like $BONK and newcomers such as Pepeto. The shift in attention shows how rapidly narratives evolve in the meme sector, making sustained relevance a constant challenge. Despite the recent price drop, on-chain data presents a compelling narrative of growing fundamental support for $WIF. In July, whales actively accumulated the token, adding a substantial $39 million worth of $WIF to their holdings. This accumulation is particularly noteworthy given that the top 100 addresses control over 771 million tokens. $WIF now leads in whale inflows . Woww, a $39,613,272 total whale inflow came through in the past month Forming that beautiful bottoming price action too, $WIF is seriously in for a blockbuster run soon enough As for the trend line on $WIF , check the GPT quote and you’ll see the 3rd touch usually breaks… pic.twitter.com/Ja3dM0WbJ9 — sk (@skmakeit) August 9, 2025 A 2% decrease in exchange balances over the past 30 days further reinforces the idea that large holders are moving tokens off exchanges for long-term storage, a traditionally bullish sign that reduces immediate selling pressure. Source: SOLSCAN This whale behavior, combined with the fact that $WIF’s holder count has now surpassed 250,000, highlights growing community adoption. While $WIF’s value is deeply rooted in its meme status, the project is taking steps to add a layer of utility. In a major move, DeFi Development Corp announced the launch of the Official DogWifValidator—DFDV Powered validator, allowing holders to earn a share of validator-generated revenue (after operational costs). This marks a shift toward utility for the meme coin, leveraging Solana’s proof-of-stake mechanics. Wen validator? Now validator. The "Official DogWifValidator – DFDV Powered" validator is now LIVE. Stake with @dogwifcoin & @defidevcorp 50/50 rewards with the $WIF community speed, security, memes Institutions run infra. Degens run vibes. We run both. pic.twitter.com/DiSX8V3bvG — DeFi Dev Corp. (DFDV) (@defidevcorp) August 13, 2025 Through all the price swings, $WIF has maintained strong visibility and trading support. The token enjoys listings on major centralized exchanges like Bybit, OKX, and HTX. This multi-platform presence not only supports healthy trading volume but also helps stabilize market behavior during volatility. Analysts suggest a consolidation for a bullish breakout to $2. Dogwifhat $WIF consolidating in a triangle. Bullish breakout to $2 in play! pic.twitter.com/ZVb8kk3ZM3 — Ali (@ali_charts) August 15, 2025 $WIF Faces Breakdown Risk After Topping Formation and Sustained Selling Pressure $WIF’s recent trend has shifted from bullish to potentially bearish, with a textbook head-and-shoulders pattern forming on the 4-hour chart. This pattern has a peak (formed in the shape of a “head”) joined by two lower peaks, otherwise known as the “shoulders.” A neckline connects the troughs between the peaks. A break below this neckline confirms the reversal. $WIF/USDT price chart, August 15 (Source: TradingView) As observed in the chart, $WIF’s trend reversal is further validated by a clean neckline break around $0.94, setting the stage for a projected move toward the $0.65–$0.66 area. Price has now retested the underside of that neckline but has failed to reclaim it convincingly. The volume chart also displays aggressive sell deltas, especially during the breakdown and the subsequent attempt to bounce. Cumulative delta remains negative, with multiple 4-hour candles printing high sell imbalances, particularly at market lows, a sign that bears remain active and are absorbing bullish attempts. $WIF/USDT volume footprint, August 15 (Source: TradingView) In addition, the RSI hovers just above 40, avoiding oversold extremes but suggesting waning bullish momentum. The MACD histogram continues to decline below the baseline with a flattening signal line crossover, further reflecting a loss of upward momentum. With the 20-period SMA now trending below the 100-period SMA, the short-term bias has turned bearish. Price also remains trapped below both moving averages, adding weight to the downside case. For bulls to invalidate this breakdown, WIF would need to reclaim the $0.94–$0.96 range with strong volume and positive delta shifts. Until then, downside continuation remains the likely path. If the projected target of the head and shoulders formation plays out, the next key levels of interest lie around $0.80 for interim support, and eventually $0.65 as the measured move completes. Traders should monitor volume reactions at each support test to gauge potential absorption or capitulation. The tone of trade has turned defensive, and unless bulls step in with conviction, WIF may continue retracing deeper. The post Dogwifhat ($WIF) Faces 3.6% Dip but Whale Inflows, and Validator Launch Hint at $2 Breakout appeared first on Cryptonews .
Bitcoin's price hits new lows, worrying investors. The cryptocurrency market remains volatile amid economic uncertainties. Continue Reading: Bitcoin Faces Uncertainty As Cryptocurrency Markets Brace for Trump’s Statements The post Bitcoin Faces Uncertainty As Cryptocurrency Markets Brace for Trump’s Statements appeared first on COINTURK NEWS .
This week, Bitcoin (BTC) and other cryptocurrencies were closely monitoring critical economic data from the US. The US Consumer Price Index (CPI) data was released first, followed by the Producer Price Index (PPI). Higher-than-expected US PPI figures shook global markets, including cryptocurrencies, overnight. PPI data show that tariff-related cost pressures are being passed on to consumers faster than expected, increasing the risk of inflation. While the data negatively impacted crypto markets, Singapore-based analytics platform QCP Capital said that the US PPI figures caused a brief pullback in cryptocurrencies, but Bitcoin's uptrend remained intact. QCP analysts said the better-than-expected PPI data shook the crypto market, strengthened the US dollar, and pushed up Treasury yields. US stocks held firm. Analysts also noted that the CPI data released earlier this week supported expectations of a larger Fed rate cut in September, but the higher PPI data largely eliminated the possibility of a 50 basis point cut, lowering the probability of a 25 basis point cut to 90%. The probability of leaving interest rates unchanged has begun to be priced in at 9.4%. Analysts recently said that the PPI data, which came in above expectations, strengthened the dollar and yields, leading to a brief pullback in cryptocurrencies, but the upward trend in Bitcoin and cryptocurrencies that began in April continues robustly, supported by increasing institutional adoption. *This is not investment advice. Continue Reading: Is Bitcoin (BTC) and Altcoins Bullish After the PPI-Driven Drop? QCP Capital Explains!
Summary TeraWulf's pivot to HPC hosting is proving successful, securing a $3.7B contract with Fluidstack, backed by Google, and building a strong backlog. TeraWulf's asset-light strategy focuses on infrastructure rather than GPU ownership, minimizing depreciation risk and ensuring predictable, high-margin revenue streams. Signed contracts, clear unit economics, and secured power capacity provide strong visibility into future cash flows and support a Buy rating upgrade. Despite recent price surges, I see a 2.5x upside potential for WULF as HPC revenue ramps, with manageable execution risks and a positive risk-reward profile. TeraWulf Overview TeraWulf Inc. (NASDAQ: WULF ) might well be considered a late mover among the Bitcoin ( BTC-USD ) miners in high performance computing [HPC]. They only began any serious HPC pivot last year when they announced (in their September 2024 monthly production update ) the successful completion of their 2MW proof of concept project called “Wolf Den” to showcase their HPC hosting capabilities. Despite the late pivot, TeraWulf is now targeting the right opportunities and building a strong HPC backlog. The latest $3.7 billion contract with Google ( GOOG )-backed Fluidstack is a prime example of well-timed execution resulting in successful contracts. There are several things TearWulf has done right to get here. One of them being that their HPC pivot strategy has been less exposed to GPU hardware lifecycles and depreciation because CaPex allocated to HPC has been focused more on power and infrastructure, which retain value longer than GPUs. TeraWulf does not maintain a large, depreciating fleet of GPUs for revenue generation. Spendings on GPU for the company’s Compute business line recorded so far was when the proof-of-concept Wolf Den was being built, which involved operating a compact Nvidia A100 GPU system at the Lake Mariner Facility. And this strategic execution was the highlight for me when I last covered WULF in May . Looking back, I think the more cautious Hold rating was overly conservative, and a Buy would have been a better call. I believe TeraWulf is now at the "right place at the right time" in HPC hosting. Among the miners, TeraWulf can be considered a late bird in HPC hosting. I believe this has allowed TeraWulf to craft a better strategy for the WULF Compute business line. Sometimes it’s the ones who come late to the party that leave with the best gains, after watching the early guests spill their drinks. In its HPC approach, TeraWulf is avoiding the operational complexity that purchasing and maintaining GPUs for HPC hosting presents, and will be focusing on providing infrastructure to HPC clients – power, cooling, rack, and space – as the management has iterated. TeraWulf’s HPC hosting is basically: bring your GPUs and we’ll host them. - Excerpt from my WULF coverage in May. Bitcoin miners who pivoted to HPC earlier took the GPU risk and will likely incur the depreciation. I think it is risky enough for a Bitcoin miner to be exposed to crypto price cycles, then to compound that with further exposure to hardware cycles doubles the risk. Seeking Alpha WULF is up 180% since visiting it on the release of the Q1 earnings in May, and is up ~59% since the Fluidstack-Google announcement yesterday. For investors who may have been on the sidelines, I believe the main question now is whether conditions support for more upside (from a fundamentals perspective), or if entry at this stage would be a case of an overhang of missed buying opportunity that presents the risk of catching the top, since WULF is already up a lot. WULF Still Presents a Compelling Buy Despite Its Price Surge Without beating around the bush, I strongly believe that the outlook for TeraWulf has changed greatly for the better, and I am upgrading my stance to Buy at this point. The pivot to HPC hosting has moved from talk to signed contracts, and revenue recognition from HPC is already underway, beginning Q3 2025, according to management’s guidance in the Q2 earnings call. The outlook for strong HPC revenue is now highly visible. The Fluidstack agreements anchor about $3.7 billion of contracted revenue over ten year period, with two five-year options that lift the total to about $8.7 billion, under a modified gross lease (meaning TeraWulf is paid a fixed fee for infrastructure services while most variable costs are passed through to the client, keeping revenue predictable and limiting operational risk). Google will backstop $1.8 billion of those obligations and receive warrants equal to roughly 8 percent pro forma WULF ownership. The deployment will start with about 40 MW online in the first half of 2026 (just months away) and the full 200+ MW by year end 2026. Unit economics also look attractive and visible per management’s guidance. Management disclosed an expected site net operating income [NOI] margin of 85% on the Fluidstack deployment, which implies about $315 million of annual site NOI at full run rate ($3.7B contract / 10 years = $370M/yr in revenue; $370M x 0.85 NOI margin = ~$315M annual NOI). The revenue from the Fluidstack contract is highly predictable and grows over time due to built-in price escalations (starting around $370 million per year and rising over the 10-year contract). Under the modified gross lease, TeraWulf collects a fixed fee for providing power, cooling, and rack space, while most variable costs are passed through to Fluidstack, keeping revenue predictable and margins protected - an example of TeraWulf’s asset-light HPC hosting approach, which caught my attention in May. The earlier Core42 lease also validates the above approach. Terms of the Core42 deal call for 60 MW of critical IT load at $125 per kilowatt per month, equal to $1.5 million per MW per year, with a 3% annual escalator and a twelve-month prepayment. Management framed EBITDA margin at ~70% and an unlevered return of 17 to 18% on a $6 million per MW build, which is compelling in today’s data center market. Scale optionality remains, with an expansion option up to 108 MW of additional critical load. On the infrastructure side, TeraWulf’s power and sites provide strong capacity optionality for lessees. Lake Mariner has interconnection approval for 500 MW with applications pending to reach up to 750 MW, and the Cayuga site adds an 80-year ground lease with rights to develop up to 400 MW, with 138 MW expected ready online in 2026. These are zero-carbon, low-cost power markets with existing transmission and water, which shortens timelines. This infrastructure and power base is TeraWulf’s potential moat in AI infrastructure. I believe TeraWulf’s financial base is on the verge of improving, while HPC ramps. Q2 2025 revenue was $47.6 million, up 34% YoY. Bitcoin mining capacity reached 12.8 EH/s also up around 45% YoY. Though net loss widened, TeraWulf returned to positive adjusted EBITDA of $14.5 million in Q2 - a notable improvement over Q1's negative adjusted EBITDA of -$4.7 million. Management guided to recognizing HPC hosting revenue beginning in Q3 2025, which marks an inflection point for TeraWulf's financial profile. And at $3.88 billion EV and TTM revenue of $144.1 million, WULF currently trades around 27x EV/Sales. Now, with the $3.7 billion Fluidstack contract potentially adding roughly $370 million a year in revenue at full deployment, sales could potentially rise to over $500 million annually (if TeraWulf maintains around the current annual run rate from its current revenue streams). If the market continues to value WULF at the same EV/Sales multiple of 27x, the enterprise value could increase proportionally to about $13.83 billion (or more conservatively above $10 billion). Assuming net debt remains stable (which is also plausible given early cash inflows from Fluidstack, projected high NOI margins, and phased capital spending as the rollout of HPC infrastructure will be in phases), this would imply a share price around 2.5x above current price (if we stick to our more conservative ~$10 billion EV). A ~2.5x or ~250% upside from the current $8.85 share price would make WULF trade around $22. Any expansion of the multiple due to factors like higher margins, as execution of the Fluidstack and Core42 contracts scale, would potentially push the upside further. Risks and Takeaway Execution risk remains real in the HPC hosting business, so I model in some cushion (a conservative 10–15% adjustment to projected revenue and phased deployment assumptions). The critical variables here are managing the construction schedule and coordinating with clients on the on-time arrival of their hardware. The Google backstop reduces counterparty risk on the Fluidstack deal. The prepayment and escalators on Core42 improve returns while the team funds and builds. I believe WULF's risk-reward skews positive at this point of the build phase. TeraWulf's entry into HPC is based on an approach that minimizes capital and market risks. This approach makes WULF a Bitcoin miner worth being on the watch list. In a sector where timing and strategy are everything, TeraWulf may have just found its sweet spot in HPC. - Except for my WULF coverage in May. In May, I initiated coverage with a takeaway that WULF was watchlist-worthy because of its HPC business approach. My current takeaway is simple: TeraWulf now has contracts, credible partners, clear unit economics, and secured power (Lake Mariner and Haynesville sites, totaling ~40 MW to start with full 200+ MW capacity by end of 2026). If you were sidelined earlier, I believe the setup has improved. I see enough line of sight to future cash flows to upgrade to Buy .
WiseLink, a publicly traded technology firm, has led a $10 million funding round for Top Win International to buy Bitcoin (BTC). The Hong Kong-based luxury watch seller is now turning its focus to the digital asset market. Industry watchers say this is the first time a Taiwan-listed company has supported a business built around holding Bitcoin in its corporate reserves. Top Win now joins the growing list of companies that are adding crypto assets to their balance sheet. WiseLink Moves into Crypto Amid Global Uncertainty WiseLink’s chief executive, Tsai Kun Huang, sees the present moment as an ideal time to act. He pointed to global monetary easing and rising geopolitical uncertainty as reasons for the move. Both, he says, are pushing investors toward assets that are decentralized, limited in supply, and resistant to inflation. For WiseLink, the flagship crypto fits that profile better than any other digital asset. The company’s $2 million purchase of three-year convertible notes formed the cornerstone of the round. This structure allows WiseLink to convert the debt into shares later. In the meantime, it still keeps the protection of a fixed income. Top Win Rebrands and Integrates Bitcoin into Strategy Top Win International, already listed on Nasdaq, has been known for trading and retailing high-end watches. However, under the guidance of Jason Fang, the founder of Asia-focused crypto investment firm Sora Ventures, the company is rebranding to AsiaStrategy and embedding Bitcoin into its financial strategy. Fang says Top Win is unique as the only U.S.-listed public company with a Bitcoin treasury plan centered in Asia. With its new funding, Top Win aims to purchase Bitcoin directly and may also invest in other listed companies pursuing similar treasury strategies. A company spokesperson stressed that Top Win will not become an investment firm or focus on securities trading as its main business. Huang explained that WiseLink’s goal is not simply to stockpile Bitcoin. The firm intends to weave Bitcoin reserves into its cross-border business operations. This move aims to keep the company’s assets safe in uncertain times while also encouraging new ideas in its financial plans. WiseLink Enters Bitcoin Partnership from Strong Financial Position Unlike some businesses that turn to Bitcoin as a last chance to survive, WiseLink is starting from a strong position. Records show it ended 2023 with a profit and has made $46 million in revenue so far in 2024, and $53 million over the past 12 months. Top Win’s finances are modest, with $3.8 million in working capital and $3.0 million in cash. However, the company has admitted to weaknesses in its financial reporting, which could let serious mistakes go unnoticed. The partnership between WiseLink and Top Win reflects a growing corporate interest in Bitcoin in Asia. It echoes strategies first made famous by U.S. firms such as Strategy . The post WiseLink to Lead Bitcoin Treasury Push for Top Win International appeared first on TheCoinrise.com .