Daily Crypto News

Craig says Bitcoin is still grinding lower, but not with enough momentum to create consistently strong trading conditions. The market remains trapped between roughly $59,000 and $65,000, with most major cryptocurrencies either drifting sideways or producing only weak trends. Cardano is one of the clearer long setups after gaining more than 14% last week, while Hyperliquid continues to stand out on the short side with a cleaner daily downtrend. 

Craig remains mostly in cash and would welcome a more decisive move lower because it would create better trading opportunities and more attractive long-term buying levels. For now, he is watching for confirmation rather than forcing positions. Start your free 7-day trial of Market Intern at https://marketintern.com and subscribe to Craig’s free Tuesday newsletter at https://www.thegrowmeco.com. 

Happy Hodling, Everyone.

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Strategy sold another 1,638 Bitcoin for roughly $105 million, while also raising about $290 million through common stock sales and maintaining billions in cash to cover preferred dividends. Matt questions whether the company’s Bitcoin treasury model can remain sustainable when its holdings do not generate operating cash flow and the business must keep raising money or selling Bitcoin to meet its obligations. 

The episode also covers BitGo’s new institutional account-management platform, Ripple’s investment in tokenized finance infrastructure, Robinhood receiving UK crypto registration, Bitget exiting Japan, and South Korea recording its 18th straight month of net stablecoin outflows. Prediction markets also reached $50.6 billion in July trading volume, while Bithumb continues preparing for a possible 2028 IPO. 

Happy Hodling, Everyone.

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Bitcoin remains stuck near $64,000, but Matt focuses on the harder question: what happens when the next crash comes with a believable reason that Bitcoin is actually broken? He considers a future quantum-computing or security scare that could drive Bitcoin into four-digit territory and argues that the best historical buying opportunities have usually appeared when fear felt existential. The challenge is whether investors would still buy while headlines declare the experiment over and prices continue falling. 

The episode also covers Strategy’s $8.2 billion quarterly loss tied to its Bitcoin holdings, Coinbase missing revenue expectations, the BIS-led Project Agorá successfully testing tokenized cross-border payments, and JPMorgan warning that delays to the CLARITY Act could push blockchain infrastructure into the hands of incumbent banks instead of public crypto networks. Matt argues that traditional financial institutions have strong incentives to delay or reshape crypto legislation in ways that protect banks and limit retail access to yield. 

Happy Hodling, Everyone.

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Robinhood generated more second-quarter revenue from prediction-market contracts than from either crypto or equities trading, showing how quickly event contracts are becoming a major business line. Binance.US now plans to seek a CFTC license to compete with Kalshi, Polymarket, and Robinhood, while Core Scientific continues being revalued as an AI and data-center infrastructure company through its large AMD partnership. 

The episode also covers U.S. sanctions against Iran-linked firms accused of using Bitcoin, South Korea’s proposed consolidated crypto law, Hungary reversing a restrictive conversion rule, Ostium’s $23.75 million exploit, and Aave’s plan to wind down underused markets. Matt also discusses ARK Invest selling several crypto-related stocks while adding SpaceX exposure, as Bitcoin remains near $64,755 and the Fear & Greed Index sits at 38. 

Happy Hodling, Everyone.

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Core Scientific is rapidly shifting from Bitcoin mining toward AI data-center infrastructure after reporting $164.2 million in second-quarter revenue and announcing a major AMD partnership. Matt argues that this transition is likely temporary. AI customers want computing costs to fall, while Bitcoin mining continues rewarding additional hash power, so miners may eventually move back toward Bitcoin when the next bull market improves mining economics. The episode also covers the rapid growth of tokenized traditional assets, Emirates adding Crypto.com Pay for eligible UAE customers, and Binance losing Google Play access in parts of Europe after MiCA-related changes. 

Matt also discusses trade.xyz reimbursing customers after an oracle-related price anomaly, a lawsuit against Apple involving $1.8 million lost through a fake Sparrow Wallet app, and Tether’s tokenization agreement with the Nairobi Securities Exchange. Bitcoin remains near $64,500, but Matt argues perspective matters: while recent buyers may be frustrated, long-term holders are still sitting on substantial gains, and a $64,000 Bitcoin remains historically significant. 

Happy Hodling, Everyone.

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Crypto markets remain sluggish, with Bitcoin drifting around $63,000 as trading activity continues to weaken. Matt argues that the recent wave of exchange closures and layoffs—including BitMEX, BitMart, Momentum Labs, Storage Labs, and workforce reductions at Uphold—reflects a maturing industry rather than a crisis. As retail speculation fades and trading volumes decline, he believes only exchanges offering meaningful services such as institutional custody, compliance, and infrastructure will survive. 

The episode also covers BitMine's continued accumulation of Ethereum, New York Attorney General Letitia James' criticism of the CLARITY Act, and allegations from Thailand's SEC that Bitkub concealed a 2021 cyberattack that resulted in roughly $50 million in stolen digital assets. Matt closes by noting that inflation continues to squeeze consumers, reducing speculative investing, while the crypto market becomes increasingly crowded with millions of tokens competing for attention. 

Happy Hodling, Everyone.

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Craig sees a mixed and largely directionless crypto market, with Bitcoin repeatedly struggling to move decisively above $65,000. After roughly three weeks of minimal progress, the weekly chart raises the possibility that Bitcoin is forming a lower high before another move down. Craig is staying cautious and would rather wait for a confirmed breakout or a clean rollover than force trades in a market with weak momentum and declining volume. 

He also points to exchange shutdowns as further evidence that trading activity has dried up and says a fast drop toward $50,000 could create a healthier reset and better buying opportunities. For now, he is completely flat, with NEAR presenting the clearest potential short setup. Start your free 7-day trial of Market Intern at https://marketintern.com and subscribe to Craig’s free Tuesday newsletter at https://www.thegrowmeco.com. 

Happy Hodling, Everyone.

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Bitcoin remains stuck near $64,000 as the broader crypto market struggles to find momentum. Matt covers Poolin’s Chapter 11 bankruptcy, Bitcoin treasury companies selling holdings to repay debt and fund operations, and another likely delay for the CLARITY Act as traditional banks push back against yield-bearing stablecoin products that could threaten their business models. 

The episode also examines India’s effort to restrict Jack Dorsey’s privacy-focused BitChat app, a proposed $40.7 million lawsuit against BitMEX, the hacking of Robinhood CEO Vlad Tenev’s X account to promote a fake meme coin, Ripple’s expansion of RLUSD, Coinbase’s new AI-powered payment and trading tools, and the SEC’s $150,000 settlement in a Coinbase records lawsuit. 

Happy Hodling, Everyone.

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Bitcoin remains caught between strong ETF demand and an increasingly difficult macroeconomic environment. Matt explains how rising Treasury yields, the possibility of additional Federal Reserve rate hikes, expensive equity valuations, and a weakening housing market are all competing for investor capital. Despite those headwinds, spot Bitcoin ETFs have attracted more than $1 billion over the past week, helping stabilize prices while traditional finance continues moving deeper into blockchain through tokenized Treasury settlement and ongoing debate over the CLARITY Act. 

The episode also covers BitMEX's planned shutdown after 11 years, a series of cross-chain exploits that drained more than $35 million, the formation of a Bitcoin Security Consortium to prepare for future quantum computing risks, and Alphabet's decision to significantly increase AI infrastructure spending. Matt closes by arguing that while ETF inflows are providing support, Bitcoin still faces stiff competition from safer, yield-producing assets until the broader macroeconomic picture improves. 

Happy Hodling, Everyone.

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Bitcoin moved back above $66,000 as U.S. spot Bitcoin ETFs recorded a fifth straight day of inflows, bringing roughly $727 million into the market over that stretch. The episode also covers renewed momentum around the CLARITY Act, rapid growth in tokenized assets on Solana, a UK inquiry into crypto banking restrictions, Washington state's legal fight with Kalshi, and Base's planned launch of tokenized equities. 

Matt also discusses an SEC case involving an alleged $22 million mining scheme, the latest Celsius settlement, Exodus cutting 25% of its workforce, and Bitcoin miners shifting computing power toward AI infrastructure. He explains why miners reallocating compute is a normal part of the crypto cycle, then closes with his skepticism about Litecoin's long-term upside despite its recent breakout. 

Happy Hodling, Everyone.

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