Poonam

Bitcoin joined US stocks in modest gains after July PPI inflation data continued a cooling trend seen over the past month.

The wallet provider warned that thousands of users could potentially be at risk of phishing attempts, while advising that all devices, private keys and backups were safe.

The crypto exchange operator’s shares gained around 10% as adjusted EBITDA more than tripled and subscription and services revenue hit a record high.

AI and HPC are reshaping mining economics as operators repurpose power and data centers, while a smaller group of miners continues to expand Bitcoin capacity.

Metaplanet CEO Simon Gerovich said no Bitcoin was sold after the company moved 5,014 BTC between custodial addresses for about $8 in fees.

Bitwise’s Matt Hougan said he expects revenue-capture mechanisms to spread across DeFi applications and layer-1 networks over the next 12 to 24 months.

Copper Markets US will offer qualified custody, staking, financing and OTC services after securing its regulated US presence.

An $18.8 million unrealized digital asset loss and weaker trading margins pushed BitGo into the red in the second quarter.

Securitize shares fell 16% from Wednesday’s close after the tokenization platform’s $14.4 million second-quarter revenue missed Wall Street estimates.

Bitcoin’s weakness near range highs stems from short-term holders trying to break even on underwater BTC investments, Glassnode says.