News & Research

U.S. President Donald Trump commented that Elon Musk is frustrated about the loss of the electric vehicle mandate and suggested that additional consequences could follow, according to Odaily and JinSe Finance.

Nasdaq-listed NIP Group (NIPG) has announced its entry into the Bitcoin (BTC) mining industry by acquiring mining equipment from Fortune Peak and Apex Cyber Capital, according to Globe Newswire press release. The acquisition, expected to produce approximately 60 BTC per month, expands NIPG’s business into digital infrastructure, with the company planning to manage the operations through its new Digital Computing Division.

Bitcoin’s average monthly hashrate fell by about 3% in June, mainly due to weather-related curtailments in the U.S., according to JPMorgan, cited by CoinDesk. Despite the drop, mining profitability improved, with daily block rewards reaching $55,300 per EH/s—a 13% monthly increase. The market cap of 13 U.S.-listed miners tracked by the bank rose 23% to $5.3 billion. Firms with HPC exposure outperformed, with IREN gaining 67% and Bitfarms declining 19%.

Prometheum Capital, a subsidiary of Prometheum and a registered broker-dealer, has been authorized to provide correspondent clearing services for third-party broker-dealers, according to Business Wire press release. This allows firms to access custody, execution and recordkeeping for on-chain securities, supporting broader adoption of blockchain-based assets in U.S. capital markets.

American investment bank TD Cowen has maintained its buy rating and $590 price target for Strategy (Nasdaq: MSTR), noting the stock’s 63% premium to net asset value (NAV), CoinDesk reported. The firm added 69,140 Bitcoin (BTC) in Q2, surpassing expectations and pushing its holdings to 597,325 BTC. TD Cowen raised its 2027 forecast, projecting Strategy will control 850,000 BTC, or 4.1% of total supply, while also increasing its 2025 BTC yield prediction.

The Blockchain Group, a French blockchain company, secured €11 million ($13 million) in funding to further its Bitcoin (BTC) treasury strategy, according to CoinDesk. This includes a €1 million capital increase and €10 million in convertible bonds, with key investors asset manager TOBAM and Bitcoin pioneer Adam Back subscribing at a 30% premium. The company now holds 1,794 BTC.

Michael Saylor, founder of Strategy (Nasdaq: MSTR), stated on X that the company achieved a 7.8% Bitcoin yield in the second quarter, resulting in a gain of 41,407 BTC valued at approximately $4.4 billion. Strategy continues to hold the largest Bitcoin reserve among publicly traded companies.

Cryptocurrency analyst Ali Martinez noted on X that Bitcoin’s (BTC) apparent demand has fallen to -37,000 BTC, indicating a sharp decline in buying interest. This analysis compares new supply (mining) with BTC held for over a year, showing a decrease in market demand.

Deutsche Bank plans to roll out its digital asset custody service in 2026, working with Bitpanda Technology Solutions and continuing its partnership with Swiss firm Taurus SA, according to Bloomberg. The move follows growing institutional interest in crypto amid regulatory support in Europe and the U.S. The bank is also exploring stablecoins and tokenized deposits, including the potential launch of its own token.

A wallet associated with the Maverick Protocol team transferred 81 million MAV tokens, valued at $5.99 million, to Binance, according to data from Nansen shared by Onchain Lens on X. The token has surged 84% over the past 24 hours, according to the post.