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.

The executive is leaving the Eric Trump-backed miner to join an AI power infrastructure firm, highlighting the shift toward energy and data center buildout.

Trump-linked American Bitcoin president Matt Prusak departs for Giga Energy

The company had held off buying Bitcoin before the sale, instead focusing on strengthening its cash balance.

Strategy Sells Bitcoin After Five Weeks Without Buying

Amid the Coldcard chaos that has rattled bitcoin holders for days, a wallet dating back to Dec. 2013 suddenly shifted 500 BTC at block height 960867. The eye-catching transfer lands as a growing string of long-dormant wallets has sprung back to life, adding fresh intrigue since the Coldcard breach first surfaced on July 30.

2013 Bitcoin Whale Wakes, Moving 500 BTC as Coldcard Fear Deepens

Coordinated action sent the yen sharply higher, but bitcoin's recent correlation suggests U.S. dollar strength, rather than the carry trade, may be the bigger risk.

U.S.-Japan intervention revives yen carry trade fears for bitcoin

Bitcoin wallets continue to be drained in the ongoing hack.

Coldcard Bitcoin Theft Continues, Now Estimated Over $114 Million In Total Stolen

Strategy Inc. (NASDAQ:MSTR) sold 1,638 Bitcoin (CRYPTO: BTC) for $104.7 million last week, reducing total holdings to 842,138 BTC as MSTR trades down 41% year-to-date. What Did Strategy Actually Do Last Week?

Strategy Sold 1,638 BTC for $105 Million: Will MSTR Now Plunge Below $90?

Self-custody is under attack, and it's becoming increasingly clear that AI is one of crypto's leading threats.

Morning Minute: The Coldcard Bitcoin Hack Nears $114 Million in Potential Losses

American Bitcoin expanded its reserve to 8,002 BTC after a record 932 BTC mined in Q2, with revenue rising 8% to $67 million.

Eric Trump's American Bitcoin treasury tops 8,000 BTC as Q2 mining production hits record

Half the proceeds funded preferred dividends and half went into an $81 million STRC buyback, its second in as many weeks.

Strategy Sells $105M in Bitcoin as Dollar Reserve Hits $4B

The company trimmed bitcoin holdings by 1,638 coins, while raising $290.6 million with sales of common stock.

Strategy sold another $105 million of bitcoin last week, repurchased $81.2 million of STRC

Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $53 billion.

Michael Saylor's Strategy sells another 1,638 BTC for $105 million, reducing total holdings to 842,138 BTC

Strategy has completed its third bitcoin sale of 2026, raising its U.S. dollar reserve to $4 billion while maintaining one of the largest bitcoin treasuries in the world with 842,138 BTC.

Strategy Completes Third Bitcoin Sale of 2026, Keeps 842,138 BTC

As the global digital asset market navigates a critical phase of structural consolidation early in August 2026, price action is heavily dictated by macroeconomic realities and on-chain liquidity flows, powered by the latest market intelligence from Coinidol.com.

Crypto Market Trends August 2026: Macro Factors & Bitcoin Price Analysis

According to mempool data, an independent miner successfully packaged block 960,804 early Monday. The block reward of 3.157 BTC is valued at approximately $199,300.

Solo Bitcoin miner nets $200,000 as Coldcard hardware wallet drains rocks sentiment

Ethereum

Nevertheless, the drop in crypto prices seems restrained given the magnitude of losses in the wallet hack and the erosion of confidence in cold storage.

Bitcoin, ether decline as Coldcard exploit enters a fifth day

Bitcoin (CRYPTO: BTC) has spent a prolonged stretch around $60,000, which prominent market commentator Scott Melker says may be part of a bottoming process. Technical, Market Structure Signals In a podcast on July 31,Melker argued that several technical and market-structure signals resemble conditions seen near previous Bitcoin cycle lows.

Was $60,000 the Bitcoin Bottom? There's a Good Argument for This, Says Scott Melker

Michael Saylor says Strategy is now tracking bitcoin's 200-week moving average and its premium to that level, noting the price sits almost exactly on the line after trading above it 92% of the time historically.

Saylor: Strategy Now Tracking Bitcoin's 200-Week Average

ARP Digital's Yusuf Fakhro said bitcoin's weakness reflects stalled participation more than forced selling, with ETF flows turning negative, CME open interest back at 2023 levels and Strategy idle for a fifth straight week.

Live updates: Traders say bitcoin sell-off from $65,000 points to thin volume, not panic selling

Transfers of less than 1 BTC hit levels last seen days after the FTX collapse, while Galaxy Research flagged a likely fourth wave of thefts.

Coldcard Losses Near $114M as Small Bitcoin Transfers Spike

Bitcoin futures' once-rich carry has evaporated, with quarterly basis yields trailing two‑year U.S. Treasuries since February, a sign of shrinking arbitrage and a maturing market.

The bitcoin futures yield collapse: Once over 20%, now less than Treasury notes

American Bitcoin Corp. (NASDAQ:ABTC) is set to report its second-quarter earnings before the opening bell on Monday. Here's what's happening with the company and its stock.

American Bitcoin Q2 Earnings Loom—Eric Trump's Bitcoin Accumulation Play Faces Investor Scrutiny

Your look at what's coming in the week starting Aug. 3

U.S. Jobs, Circle, Galaxy, American Bitcoin earnings: Crypto Week Ahead

A wallet potentially linked to Strategy moved 299.84 BTC, worth about $18.91 million, a transfer flagged by onchain tracker Lookonchain, reviving questions about whether Michael Saylor's firm is preparing to sell bitcoin again. A Familiar Pattern Repeats Lookonchain reported that a wallet linked to Strategy moved 299.

Is Saylor's Strategy Selling Again? Lookonchain Claims Company Moved 299.84 BTC

Cardano

Dogecoin

Cardano (CRYPTO: ADA) emerged as the best-performing large-cap cryptocurrency last week, defying losses among the market's heavyweights. Cardano Races to a 1-Month High ADA nearly rallied 11% in the last seven days, the highest among coins with at least $1 billion in market capitalization.

Cardano Tops Weekly Crypto Gainer Charts as ADA Soars 11% Over 7 Days — Bitcoin, Dogecoin Left in the Dust

A 2021 firmware flaw in Coldcard devices enabled predictable seed generation, allowing attackers to drain over 1,367 BTC from thousands of wallets in automated sweeps. The post Bitcoin Holders Lose $88,600,000 in Coldcard Crypto Wallet Exploit: Galaxy Researchers appeared first on The Daily Hodl.

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