Jinse Finance reports that Nasdaq-listed Bitcoin mining company Hut 8 has released its financial performance report for the second quarter, disclosing that the company's revenue reached $41.3 million, net income was $137.5 million, and strategic Bitcoin reserves expanded to 10,667 coins, with a holdings market capitalization of $1.1 billion as of June 30, 2025. In the second quarter, Bitcoin mining, GPU as a service, and data center cloud operations generated $34.3 million in revenue, and in collaboration with American Bitcoin, they began offering ASIC hosting services with a capacity exceeding 130 MW.

Golden Finance reports that the Bank of England: 5 voted in favor of a 25 basis point rate cut, while 4 voted to keep the interest rate unchanged.

Odaily News LD Capital founder Yi Lihua stated: "Trump is more eager than us to cut interest rates and hopes for encryption to rise (the Trump family's largest assets are in encryption). Under the obvious bull run and bullish line, the best strategy is to hold and wait for a pullback to increase the position. Just a few months ago, when we called for ETH to reach 10,000 and 14,000, we faced countless doubts and ridicule. Now it seems to have become a consensus that ETH has reached 10,000. This is the speed of encryption and how the bullish line changes beliefs."

Golden Finance reported that according to Blockworks, the total revenue of Launchpad on Solana in the past 30 days was $67.38 million.

MGBX will launch spot trading for IN, SAHARA, NEWT, NXPC, and SOPH on August 7, 2025, at 19:30 (SGT). Deposits will open on the same day at 19:00, and withdrawals will be available from 19:00 on August 10.

Odaily News According to on-chain analyst Ai Yi's monitoring, PLAY surged 300% in 1 hour, with a peak funding rate of 0.2917%, indicating that bullish traders' aggressive buying prompted arbitrage funds to buy Spot. This was driven by contract buy orders without intense Bull vs Bear Battle; bullish traders could not force bearish traders to capitulate and pay profits through high funding rates. Ultimately, PLAY's returns will turn into a "Long Kills Long" model for those who run early. Moreover, PLAY fundamentally differs from $MEMEFI, as MEMEFI may hold on until the 11th for automatic Delivery, while PLAY lacks such an opportunity, and instead, bullish traders may struggle to support under high funding rates. The success of MYX's pump marketing has attracted a large number of retail investors chasing the price on the gainers list, while most Tokens do not actually have such "long-term control over funding rates."

Odaily News SUN.io officially announced that the 45th phase of the SUN Token buyback and burn has been successfully completed. From July 10, 2025, to August 7, 2025 (Singapore time), a total of 3,843,344.5487 SUN Tokens were burned, all of which have been transferred to the Burn Address for permanent destruction, further reducing the Circulating Supply of SUN. Since December 15, 2021 (Singapore time), a total of 639,608,504.68 SUN Tokens have been repurchased and burned. This buyback and burn plan effectively drops the total market circulation of SUN Tokens, which not only enhances the market's perception of the scarcity of SUN Tokens but also builds a sustainable development foundation for its value rise.

According to Jincai Finance, on-chain analyst @alicharts monitored that long-term Bitcoin holders made a profit of approximately 44.5 million USD in the past 48 hours.

Odaily News According to official news, Gate will collaborate with WLFI (World Liberty Financial) to launch a USD 1 points program, becoming the current exclusive platform for USD 1 user incentives in encryption trading. At that time, users can accumulate points through trading, holding USD 1, and participating in financial management, Launchpad, and other methods, with exclusive rewards for new users waiting to be unlocked. With multiple benefits and upgraded gameplay, stay tuned for more details on the launch.

The stablecoin payment infrastructure Blindpay has completed a $3.3 million seed round financing, with investors including Y Combinator and others. The company provides enterprise cross-border transfer and virtual account tools through API and has processed over $125 million in transfers in 2025.

The price of Bitcoin has continued to pull back since reaching an all-time high in mid-July, currently falling below $116,000, with a low of $112,000. The profit rate for short-term holders has dropped to 70%, and weak demand may exacerbate dumping pressure. Although the price has rebounded to $114,000, it needs time to accumulate support. If it struggles to break through the resistance at $116,900, it may further dip to $110,000.

PANews August 7 news, according to Sentora (formerly IntoTheBlock) on-chain data analysis, Bitcoin's recent volatility has remained around 20%, showing a long-term downward trend, with no signs of compression in the short term, and the market is generally in a range-bound state.
At the same time, the correlation between Bitcoin and traditional financial markets is gradually increasing, especially the correlation with the S&P 500, which indicates that Bitcoin's sensitivity to macroeconomic conditions may be rising.
In terms of on-chain cost, currently about 95% of Bitcoin addresses are in profit, but this has decreased compared to the historical high of $121,000 reached in July. Data shows that many holders bought Bitcoin in the range of $116,000 to $119,000 and are in a loss position, which may become a significant resistance for future upward movements.

According to official news, MGBX has officially launched a new intelligent copy trading system, supporting trader applications, profit sharing settlement, chart analysis, and other core function optimizations.
Trader application threshold: Account ≥ 500 USDT, profit in the last 30 days ≥ 10%, trading cost ≥ 500 USDT, real-name authenticated and not following others.
Profit Distribution Mechanism: Settlement at 08:00 (SGT) daily, net profit distributed proportionally, and the loss portion returned to the copy trading members.
Feature Highlights: New yield curve chart, five-dimensional analysis chart, holding time chart, etc., support nickname/UID search, intelligent sorting and filtering.

Golden Finance reports that Cryptoquant analyst Axel Adler Jr has released a market analysis indicating that in the past 40 days, the Bitcoin supply held by short-term holders has increased by 178,000 coins, approximately equivalent to 20 billion dollars.

Odaily News SoftBank Group's net profit for the first quarter was 421.82 billion yen, with market expectations of 158.23 billion yen. (Jin10)

Odaily News According to monitoring by NLNico, Union Jack Oil and Reabold Resources announced plans to mine Bitcoin using idle natural gas from West Newton through 360 Energy. Union Jack Oil sees this as part of its future Bitcoin reserve strategy. Reabold Resources aims to achieve a higher Return on Investment by mining Bitcoin compared to direct purchases.

Odaily News According to monitoring by NLNico, the gold mining company ECR Minerals announced the adoption of a Bitcoin reserve strategy, planning to allocate up to 50% of its surplus cash and free cash flow generated from gold production long-term into Bitcoin.

Odaily News Matrixport announced the official launch of the XAUm fixed income product, supporting a wide range of investment periods from 7 to 365 days. Currently, the APY of the XAUm 7-day fixed income product reaches up to 3%, far exceeding the investment returns of traditional institutional gold. Matrixport's fixed income products now cover 15 mainstream assets including BTC, ETH, SOL, BNB, and USDT. Matrixport continues to enrich the application scenarios of XAUm, and currently XAUm holders can easily perform XAUm Mint, Swap, and XAUm collateral lending within the Matrixport APP. With the launch of the XAUm fixed income product, Matrixport has expanded the financial use cases of the gold token XAUm in centralized institutions, simplifying X