Bitcoin Mining Firm Bitfarms Faces $27 Million Net Loss in Q2 2024. The company disclosed a net loss of $27 million, equating to a 7-cent loss per share, both basic and diluted.

BitGo set to transition Wrapped Bitcoin business to multi-jurisdictional custody. BitGo claims the move of its Wrapped Bitcoin business will make it the world’s first “multi-jurisdictional and multi-institutional custody.”

Bitcoin as a US reserve asset is ‘great for price’ but poses significant risks — Charles Hoskinson. While a strategic Bitcoin reserve may be good for price action, the US Treasury controlling 19% of the BTC supply raises unprecedented centralization concerns.

‘Definitely some movement’ on Bitcoin ETF options as CBOE re-files application. CBOE has filed an updated 44-page rule change proposal “with more meat,” which could be good news for those hoping for options trading on spot Bitcoin ETFs.

Peter Schiff Blasts Donald Trump’s Controversial Bitcoin Debt Repayment Plan: 'A Tactic for Votes'. Financial commentator and economist Peter Schiff has attacked Republican candidate Donald Trump's recent proposal to use Bitcoin as a solution to the United States' mounting national debt. Schiff's critique is the latest in a series of rebukes directed at the cryptocurrency, highlighting his longstanding skepticism towards Bitcoin.

MicroStrategy stock set to gain 30% if BTC hits $150K in 2025 — Analyst. The valuation assumes continued aggressive Bitcoin buying by MicroStrategy. Shares of MicroStrategy are set for 30% gains if Bitcoin BTCtickers down$61,736 climbs to $150,000 by the end of 2025, according to an Aug. 2 analyst report shared with Cointelegraph.

University of Wyoming launches Bitcoin Research Institute. The Bitcoin Research Institute will open in August as part of the University of Wyoming’s College of Arts and Sciences.

Michigan State Pension Fund Adds $6.6M in Bitcoin ETFs. The state of Michigan has added Spot Bitcoin ETFs to its pension fund, while disclosing a $6.6 million purchase in the crypto investment vehicle. A recent filing with the US Securities and Exchange Commission (SEC) has revealed the BTC exposure in what could be a growing trend.

Russian lawmakers pass bill legalizing Bitcoin mining, crypto payments for international trade. The Russian State Duma passed a bill legalizing Bitcoin mining and allowing the use of crypto for international trade.

German government makes u-turn buys back over $111 million bitcoin  The German government has made a sharp U-turn from its previous chain activities where it has been selling large swathes of Bitcoin and adding to the selling pressure in the market.The German government in a surprise move bought back over 1,915 bitcoin worth $111.5 million from various top exchanges.  The transaction was picked up by the industry’s leading On-chain analysis firm Arkham Intelligence who shared the news with their over 460,000 followers on X.  “Update: German Government BTC Movements German Government wallets received 1915 BTC ($111.5M) last night back from addresses linked to Kraken, Bitstamp, and Coinbase.  1047.4 BTC ($57.2M) has been moved out of their wallets this morning: – 547.4 BTC ($30.1M) to Flow Traders  500 BTC ($27.1M) to 139Po (likely deposit for institutional/OTC service)” Arkham tweeted.