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Share link:In this post: Institutional investors jumped on the BTC dip this week, buying big as prices dropped. Spot Bitcoin and Ethereum ETFs saw major cash inflows, especially midweek, as the market began to recover. Morgan Stanley started promoting Bitcoin ETFs to wealthy clients, pushing other big players to consider doing the same.
Share link:In this post: Bitcoin, Ethereum, and Solana took a beating this week, with their biggest drops since 2022. The market was on a high in July, but momentum traders started pulling back, signaling potential trouble. After a wild sell-off, traders quickly jumped back in to buy the dip as liquidations slowed down.
The spot Bitcoin ETFs were in the red in four of the past six days.
- 18:36Russia's Bitcoin Mining Industry Growth Rate Ranks First Globally, Mining Volume Ranks Second WorldwideAccording to Bitcoin News, Russia's Bitcoin mining industry currently ranks first globally in growth rate and second in mining volume. Russia's largest Bitcoin mining companies, BitRiver and Intelion, control over 50% of the market share in the country, generating a combined revenue of $200 million in the 2024 fiscal year.
- 18:35In 2025, corporate Bitcoin purchases reach 205,507, exceeding new supply by three timesAccording to statistics from asset management company Bitwise, by 2025, the amount of Bitcoin purchased by enterprises has exceeded the new supply of Bitcoin by more than three times. Enterprises have increased their holdings by 205,507 Bitcoins within the year, while the new supply of Bitcoin is 64,556. This only includes purchases disclosed by public companies and does not include private companies.
- 18:35Celestia Announces Integration with Hyperlane for Its Native Interoperability SolutionModular blockchain Celestia announced the integration of Hyperlane as its native interoperability solution. Native TIA will expand to platforms such as Ethereum, Solana, Base, Arbitrum One, Eclipse, and Abstract, supported by Hyperlane.