Bitcoin

Bitcoin is a new electronic payment system that removes the need for third party financial institutions. It speeds up transactions while reducing costs and minimizing the potential for fraud. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.

Bitcoin’s concept was first introduced in 2008 when a person going by the pseudonym Satoshi Nakamoto shared a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” In January 2009, the Bitcoin blockchain was launched. 

A new electronic payment system called Bitcoin removes the need for third-party financial institutions. It speeds up transactions while reducing costs and fraud-risk. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.   

Bitcoin has a finite supply of 21 million, which is expected to be reached by the year 2140. Currently, 18.8 million are circulating in the market. Note that Bitcoin represents the concept of the network, while bitcoin (lower-case ‘b’) represents the currency.

Bitcoin is one of the most well-known cryptos as it was the first decentralized currency. 

Currently, BTC’s dominance is above 40%. Bitcoin Dominance is a measure of how much of the total market cap of crypto is made up of Bitcoin. Bitcoin’s influence in the crypto ecosystem could be vulnerable to competition as alternative coins grow in popularity and utility.

Ledger CTO Charles Guillemet says the Coldcard exploit underscores why certified hardware randomness matters—and why AI is reshaping wallet security.

Ledger Says Coldcard Exploit Shows Bitcoin Wallet Security Must Adapt to AI

Canadian digital asset manager 3iQ Corp. will work to manage some of the Bitcoin reserves of Bhutan's Gelephu Mindfulness City project.

Asset Manager 3iQ to Manage Bhutan's Bitcoin Reserves

The CNBC host announced the decision on air after interviewing IBM CEO Arvind Krishna, asking him whether quantum computers could eventually crack the cryptography protecting his coins.

Jim Cramer Is Selling His Bitcoin Over Quantum Threat—Crypto Twitter Is Thrilled

Elon Musk's space company posted its first earnings as a public company ahead of a major insider share unlock.

SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings

Bitcoin posted a 0.8% gain, trading between $63,300 and a session high of $64,360, while holding support above $63,500 and keeping market cap at $1.29 trillion. A sudden rally triggered a heavy short squeeze, wiping out $35 million in short positions.

BTC Hits $64,360, but Bitfinex Warns of Downside Risks

A flaw in Coldcard wallets cost Bitcoin holders more than $100 million—and reopened an old fight about whether you can trust dice.

Coldcard Bitcoin Exploit Explained: Entropy, How Keys Are Generated, and Why Bits Matter

Dogecoin

Ethereum

Bitcoin traded around the $64,000 level on Tuesday, continuing its low-volatility sideways movement. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $64,248 Ethereum (CRYPTO: ETH) $1,874 Solana (CRYPTO: SOL) $73.88 XRP (CRYPTO: XRP) $1.07 Dogecoin (CRYPTO: DOGE) $0.07026 Shiba Inu (CRYPTO: SHIB) $0.054998 Notable Statistics: Coinglass data shows 61,746 traders were liquidated in the past 24 hours for $164.57 million.

Bitcoin at $64,000, Ethereum, XRP, Dogecoin Continue to Trade in One-Percent Range

Bitcoin ETFs attracted $170.09 million at the start of the week, with seven funds recording gains and none reporting an outflow. Ether products lost $11.42 million, while XRP edged higher and HYPE resumed its decline. Blackrock Drives Nearly Two-Thirds of $170M Bitcoin Inflow Fresh August allocations arrived quickly.

Bitcoin ETFs Add $170M as Blackrock Leads Gains for 7 Funds

The Brazil-based crypto asset manager will liquidate its U.S. spot Bitcoin ETF later this month, ending a fund that entered the market in 2024.

Hashdex to Shut Down Bitcoin ETF After Struggling to Gain Assets

Chainlink

LayerZero 

The move pushes the total value migrating from LayerZero to Chainlink near $15 billion, with WBTC representing the largest shift yet.

BitGo moves $7.4 billion Wrapped Bitcoins to Chainlink CCIP in latest LayerZero exodus

Bitcoin worth close to $32 million moved for the first time in 12 years yesterday.

Nearly $32 Million in ‘Dormant' Bitcoin Moves After Coldcard Hack Reaches Estimated $130M

Retail investors and large whales are buying as bitcoin trades near its 200-week moving average.

Bitcoin's $63,000 zone emerges as key battleground for buyers: Glassnode

Strategy Inc. (NASDAQ:MSTR) CEO Phong Le says the company expects to outperform Bitcoin (CRYPTO: BTC) during the next bull market, even as it is selling some holdings to manage its balance sheet. "We Sell Bitcoin When We Need To" Speaking to CNBC on Aug 4, Le described the current crypto downturn as a bear market driven by macroeconomic uncertainty, including elevated interest rates, geopolitical tensions, AI-related capital flows and regulatory uncertainty.

Strategy CEO Phong Le: 'We're the JPMorgan of Crypto,' Expects to Outperform Bitcoin

Boltz, a company that lets people move bitcoin between the main blockchain, the Lightning Network, and the Liquid sidechain, shut down all of its swap services on Aug. 3 after months of automated attacks it said were increasingly powered by artificial intelligence (AI).

AI Attack Freezes Boltz, Rattles Lightning Network Users

Hypserscale offloaded more Bitcoin than it bought last week in a bid to generate cash flow.

Hyperscale Trims Bitcoin Holdings, Still Sits on $61M Stack

Bitcoin (CRYPTO: BTC) still trades around $63,000, despite a $100 million hack, Michael Saylor selling, and over 20,000 BTC hitting exchanges. Analyst SalsaTekila says this is a sign Bitcoin has hit the depression phase of the cycle.

Bitcoin in the 'Depression Phase': $63,000 Holds Despite Saylor Selling, $100M Hack News

Bitcoin (CRYPTO: BTC) has spent eight weeks grinding inside the $58,000 to $67,000 range with no breakout and no breakdown. Yet, a decision will be forced before the end of the year, according to prominent analyst Benjamin Cowen.

Bitcoin Coils Between $58,000 And $67,000 for 8 Weeks: Which Way Does It Break?

Strategy sold $104M in Bitcoin last week to help prop up STRC, a financial product they created to

Morning Minute: Saylor Sells Bitcoin Again

Bitcoin is facing a fresh threat from quantum computers

Bitcoin's Worst Nightmare Has Suddenly Come True

The maker confirmed the flaw behind roughly $114 million in losses remains live, with specific models and firmware still exposed.

Coldcard urges users to move bitcoin as active wallet exploit continues

The multimillion-dollar Coldcard hack, anemic institutional demand, and uncertainty in the regulatory and macroeconomic environment are some of the pain points for the crypto market right now.

The bitcoin market has plenty of reasons to freak out, yet calm pervades

Cardano

Bitcoin advanced as the market settled down following the weekend's hack of Coldcard wallets and sales by Strategy even as sentiment remained in “extreme fear.”

Bitcoin rises toward $64,000 as Coldcard exploit, Strategy sales recede. ADA advances

Hashdex's DEFI, the smallest of the funds, held $14.7 million under management, compared with $47.08 billion for BlackRock's IBIT.

First U.S. spot bitcoin ETF to close as inflows dwindle, investors chase AI returns

Binance has launched Lite Loan, a bitcoin-backed borrowing product that lets eligible users borrow up to $1,000 in USDT.

Binance launches bitcoin-backed ‘Lite Loan' with $1,000 borrowing limit

Bernstein said a state-ordered audit of Texas data centers will heighten power scarcity across the regional grid.

News for Bitcoin Crypto (BTC)