區塊客

Author: Jae, PANews
In the heatwave at the Rockdale campus in Texas, the factory buildings that once roared with tens of thousands of Bitcoin mining machines are undergoing a far-reaching reshaping of assets.
According to a Bloomberg report, AI company Anthropic and Bitcoin miner Riot Platforms have signed a 20-year supercomputing hosting agreement worth as much as $9.1 billion. Spurred by this news, Riot’s after-hours share price surged by more than 25%.
The AI giants’ arms race for computing power has also pulled today’s crypto miners onto the stage.
The computing power race has entered deep waters: Anthropic locks in electricity demand for the long term, backed by a power supply insurance plan.

By: Nancy, PANews
Since hitting an all-time high of around $126,000 in October of last year, Bitcoin has continued to fall into a correction and has yet to regain an upward trend. Recently, traditional assets such as US stocks and gold have led the way in recovery, and market risk appetite has gradually improved. However, Bitcoin remains range-bound and has not yet kicked off a rebound in sync with other assets.
At this point, ETF inflows have started to return, and some long-term indicators are also beginning to touch historical lows. Why hasn’t Bitcoin started a recovery rally yet? Is the current correction already nearing the bottom of the cycle?
US stocks and gold rise together—why is Bitcoin lagging behind?

Author: Kurumi, Crypto City
Bitcoin price under pressure, but Grayscale still optimistic about long-term institutional demand
Bitcoin’s recent price has continued to face pressure, and market risk appetite has cooled in tandem. However, Grayscale believes that short-term price corrections have not changed Bitcoin’s long-term adoption trend. Grayscale’s research team points out that three key forces will continue to drive growth in Bitcoin demand: government budget deficits, increased participation by financial institutions, and a gradually clearer regulatory environment.
Grayscale believes the crypto market is gradually moving toward institutionalization. Regulated investment vehicles such as spot Bitcoin ETFs lower the threshold for traditional financial institutions to participate in digital assets. Asset managers, pension funds, and other large capital allocators can also gain Bitcoin exposure through existing financial infrastructure.

Crypto-holding companies Strategy and Metaplanet narrowly avoided delisting several months ago, but now they are again being targeted by index compiler MSCI (Morgan Stanley Capital International), facing the risk of being kicked out of global major stock indexes once more.
MSCI has launched a new round of market consultations this month, proposing to remove “non-operating companies” from its “Global Investable Market Index (GIMI).” To avoid repeating past mistakes, MSCI this time will not use “crypto holdings” as the cutoff criterion. Instead, it will adopt five major financial indicators to screen companies.
According to MSCI’s calculations, if this new standard is applied to the “MSCI Global Investable Market Composite Index (MSCI ACWI IMI Index)” and the benchmark is based on asset holdings as of May 2026, then three companies would be removed: Strategy and Metaplanet, which hold large amounts of Bitcoin, and Yellow Cake, a listed company that accumulates physical uranium mines.

Mitsubishi UFJ Financial Group (MUFG) announced that it will use blockchain technology to improve the settlement speed of Japanese government bond trades. In the past, the conventional settlement process often took 1 to 3 days; in the future, it may be able to achieve "24/7, year-round" real-time settlement through blockchain.
In traditional financial systems, the settlement of government bond transactions typically requires 1 to 3 business days. To break through this efficiency bottleneck, MUFG is working on a proof of concept and plans to conduct on-chain tests via Canton, an enterprise blockchain network, to speed up settlement.

For years, the stablecoin dominant player Tether has been shrouded in the shadow of “opaque reserves,” and has now announced that it has, for the first time, completed a comprehensive independent financial audit. KPMG U.S. (KPMG U.S.), one of the “Big Four” accounting firms, issued the highest rating in the accounting industry—an “unqualified opinion”—for Tether International’s 2025 annual financial statements, indicating that the financial report truly reflects the company’s financial condition.
Tether said this is the company’s first time completing a full independent audit of its financial statements. In response to outside curiosity about whether this audit actually covers the parent company’s core business, Tether CEO Paolo Ardoino replied: “Tether International is indeed the actual issuer of the stablecoin USDT.”

Cybersecurity in the crypto space flashes red again! On Thursday, well-known cold wallet manufacturer Trezor confirmed that due to a hacker intrusion into the systems of its partner logistics provider, ShipMonk, confidential personal data of nearly 14,000 customers was leaked.
According to Trezor, a total of 11,742 customers’ names, email addresses, phone numbers, and delivery addresses have all been leaked; in addition, another 1,947 customers’ names, residential cities, and email addresses were also exposed. The total number of affected victims is nearly 14,000, spanning multiple countries including the United States, the United Kingdom, Sweden, Colombia, Brazil, Italy, and Portugal.

According to a report by the overseas media outlet (The Information), citing people familiar with the matter, prediction market leader Kalshi is in talks with top venture capital firm Sequoia Capital and Wellington Management for a new round of fundraising. It plans to raise at least $750 million at a valuation of $40 billion.
An insider said Sequoia Capital and Wellington are considering leading investment in Kalshi’s current funding round, with the amount potentially exceeding $750 million. Sequoia Capital is an investment firm headquartered in Silicon Valley, with assets under management (AUM) of about $56 billion, and it already has senior executives serving as directors of Kalshi.

By Fenrir, Crypto City
Second-quarter net loss of $238 million as crypto assets drag down the financials
The U.S. president Trump’s Trump Media & Technology Group (TMTG) released its 2026 Q2 financial report. Net loss for the quarter was $238.1 million, a significant increase compared with about $20 million in the same period last year. The decline in the price of the company’s held crypto assets became an important factor affecting the company’s financial performance this quarter.
In the first half of this year, Trump Media’s digital assets produced a total of about $360.6 million in unrealized losses, with most of the price-decline impact recognized in the second quarter. The related losses mainly stem from book adjustments resulting from revaluing the asset values based on market prices. The company has not yet realized this loss by selling all the related assets, but fluctuations in cryptocurrency prices have been directly reflected in the financial statements.

Author: HIBIKI, Crypto City
V God updates the Ethereum roadmap
Recently, Ethereum co-founder Vitalik Buterin posted on the social platform X that he compared the Ethereum roadmap he proposed in 2023 with the latest version of the Ethereum Foundation’s Strawmap.
Vitalik stated that while the two roadmaps overlap significantly overall, the order of some items has been adjusted—for example, the priority level for anti-quantum security has been increased; some items have been lowered in priority, including verifiable delay functions and several EVM-related improvements.
Some other items have also been replaced by better technical solutions—for example, the Merkle tree (Verkle Tree) first transitions into a unified binary tree and then evolves into a sharded binary tree, while the state expiry mechanism has been replaced by a new type of state.

Tokyo-listed company Metaplanet transferred 5,014 bitcoins worth about $320 million on Wednesday, sparking widespread uproar in the market and speculation about whether Metaplanet is preparing to “sell the coins and cash out.” In response, Metaplanet CEO Simon Gerovich came forward to refute the selling rumor and emphasized that this was only a “routine custody transfer,” with the company’s bitcoin holdings not reduced.
In a post on a social media platform, Simon Gerovich wrote: “Within the past 24 hours, we transferred 5,014 bitcoins between Metaplanet custody addresses. This is routine custody work. We have not sold any bitcoins, and our current bitcoin holdings remain 43,000.”

Securitize (SECZ), known for issuing and managing tokenized funds, released its first quarterly report after going public on Wednesday. In the second quarter, revenue not only fell short of market expectations, but the losses were also far worse than analysts had estimated, dragging the stock price down by as much as 20% in after-hours trading at one point.
The role that Securitize (NASDAQ ticker: SECZ) is best known for in the market is helping global asset manager BlackRock issue and manage its tokenized money market fund, BUIDL. However, such a dazzling spotlight has not translated into the company’s financial performance.
According to the latest financial report, Securitize’s second-quarter revenue was $14.4 million, down 5% year over year, and much lower than analysts’ original expectations of $20.6 million. Loss per share (EPS) came in at $2.37, far worse than the market-expected loss of $0.15. Net loss for the quarter widened to $21.7 million. Meanwhile, adjusted EBITDA (profit before interest, taxes, depreciation, and amortization) swung from a profit of $1.8 million in the prior-year period to a loss of $5.5 million.

As Dogecoin’s (DOGE) price continues to stay weak, traders nevertheless aren’t afraid of the winter cold and are aggressively increasing leverage positions, causing market risk to heat up rapidly. If the coin’s price continues to break down further, it could trigger a chain reaction of forced liquidations and sell pressure.
According to CoinGlass statistics, Dogecoin’s "open interest" (the total value of outstanding futures contracts that have not yet been settled) has surged from $930 million at the end of June to $1.21 billion. However, what stands in sharp contrast is that Dogecoin has fallen nearly 3% in the past 24 hours. If the timeframe is extended to the past year, the decline is even closer to 70%.

Wall Street investment bank Goldman Sachs announced on Wednesday that it plans to spend USD 2.25 billion to acquire ETF issuer Neos Investments, bringing three bitcoin and ether options yield ETFs into its asset management portfolio in one move, and putting the Wall Street giant directly in competition with BlackRock in the crypto ETF arena.
Under the terms of the agreement, Goldman will acquire Neos for a maximum of USD 2.25 billion in cash and equity; the exact amount will depend on subsequent operating performance and service commitments. The deal is still subject to regulatory approvals and compliance with other transaction conditions, with settlement expected to be completed in the first quarter of 2027.

Anchorpoint Finance (“Anchorpoint”), jointly established by Standard Chartered, Animoca Brands Group, and Hong Kong Telecommunications, announced the official launch of the Hong Kong dollar stablecoin “HKDAP”. The company has opened it first to institutional distributors and professional investors to help drive the gradual adoption of the HKD stablecoin in real-world applications.
Anchorpoint Finance said it has been steadily advancing the development of HKDAP since receiving a stablecoin issuance license from the Hong Kong Monetary Authority in April this year. Over the past few months, the company has also worked closely with regulators and industry partners, and successfully completed HKDAP issuance and transfer testing.

U.S. July consumer price index (CPI) data has been released. The overall figures match market expectations. Although easing inflation has allowed the Federal Reserve (Fed) to breathe a sigh of relief, it has failed to provide a strong boost to the cryptocurrency market. Not only has Bitcoin failed to break out of its consolidation range over the past few weeks, it has also weakened and slipped below the $64,000 mark. With bulls and bears currently battling for control, retail traders are reluctantly cutting losses and exiting, while “big whales” quietly set a new high for this year’s coin accumulation. So how should we look at the next market move?
The latest report by the U.S. Bureau of Labor Statistics shows that in July, the consumer price index (CPI) indicates that the nominal inflation rate year over year fell from 3.5% in June to 3.4%, and core inflation also declined from 2.6% to 2.5%, both in line with analysts’ expectations. However, for Bitcoin—which has been consolidating for a long time—this data has become a catalyst that’s “flavorless, not satisfying.”

Author: Fenrir, Crypto City
London accounts for 70% of global gold trading; the FCA has started researching tokenization rules
According to a report by the Financial Times, the UK Financial Conduct Authority (FCA) is working on proposed regulatory rules for tokenized gold. It aims to drive digitalization of the gold market through blockchain technology while maintaining London’s leading position in the global gold trading market. The FCA has begun engaging with financial institutions to discuss how tokenized gold should be regulated, as well as how related products may be used in wholesale financial markets in the future.
London has long been one of the world’s most important gold trading hubs, and its over-the-counter (OTC) market currently accounts for about 70% of global gold notional trading volume. As markets such as China continue to expand their gold trading and infrastructure buildout, the UK is also starting to consider how to use financial technology to improve market efficiency and competitiveness.

Author: HIBIKI, Crypto City
Bitcoin reserve companies and corporate holders continue to offload holdings
Crypto reserve firms and corporate holders have recently repeatedly shown clear signs of cashing out positions!
The world’s largest publicly listed bitcoin holder, MicroStrategy (Strategy, MSTR), has been liquidating bitcoins for two consecutive weeks, selling 1,690 bitcoins to repurchase preferred shares; Trump’s media group (TMTG) also “cut losses” on 65 bitcoins during this year’s second quarter and shifted to providing financial data API licensing.
Another bitcoin reserves firm, Empery Digital, sold 1,635 bitcoins in a concentrated burst within a month, raising funds to repay its debts, and meeting real-estate investment needs for its transition to AI data centers.

Bitcoin’s decline this year is probably not only due to outflows of ETF funds or selloffs by bitcoin-holding companies. On-chain data shows that listed mining companies have sold roughly 28,000 bitcoins since the start of this year, worth about $1.78 billion, creating a selling pressure that is easy to overlook but persistent in the market.
Since the beginning of 2026, Bitcoin has fallen by about 27%, and it is currently hovering around $64,000, with its performance even lagging behind major assets such as the S&P 500.
The market generally attributes this downturn to a wave of withdrawal from U.S. spot crypto ETFs. According to SoSoValue data, these ETFs have accumulated net outflows of more than $4.4 billion, forcing funds to dump large amounts of Bitcoin. In addition, dormant whale wallets and companies that hold bitcoin have continued to show sell orders, with the most representative example being Strategy’s recent dumping activity.

Seeing investor demand for stable returns, U.S. asset management giant Fidelity is preparing to introduce a “staking” mechanism for its nearly $900 million Ether spot ETF, and also to increase the offering with quarterly cash distributions—sure to spark a fierce competition to win investors.
According to the latest filed registration statement amendment, the Fidelity Ether Fund (ticker: FETH), with net asset value of $898 million, can, under normal market conditions, stake up to 100% of its Ether holdings in the future.
However, Fidelity has not set a minimum staking ratio. To accommodate investor redemptions, cover fund expenditures, and maintain necessary liquidity, Fidelity will still keep a certain proportion of unstaked Ether on hand.