Bitcoin and Ethereum Transactions from a Hong Kong Brokerage Firm
Futu Securities International, Hong Kong’s largest online brokerage, has launched cryptocurrency trading for its 22 million customers. Futu Securities announced that it has launched Bitcoin and Ethereum trading for Hong Kong-based users of its platform. This makes Futu Securities the first online brokerage firm to offer cryptocurrency directly to Hong Kong-based retail investors, according to a report by the South China Morning Post.
MicroStrategy Increases Bitcoin Assets to 226,500
MicroStrategy has purchased 12,222 Bitcoins for $805.2 million since the second quarter of 2024, bringing its total Bitcoin holdings to 226,500 BTC at a cost of $8.3 billion. The company introduced a new KPI for its Bitcoin strategy, BTC yield. This indicator measures the percentage change in the ratio of Bitcoin holdings to diluted shares. CEO Phong Le stated that they are optimistic about Bitcoin adoption and are seeing strong growth in cloud-based BI and AI software. However, MicroStrategy missed analyst expectations, reporting a loss of $5.74 per share and sales of $111.40 million, and a significant increase in operating expenses. The company also announced plans for a 1-for-10 stock split and a new $2 billion stock offering program that will go into effect Aug. 7.
Coinbase Earned $1.45 Billion in Revenue in the 2nd Quarter
Coinbase reported revenue of $1.45 billion in the second quarter, down 11% from the previous quarter, even though it more than doubled its revenue compared to the same period last year. This decrease was due to a 29% decrease in consumer transaction revenues, which fell to $665 million. However, stablecoin revenue increased to $240.4 million from $197.3 million in the previous quarter.
Marathon Digital Announces a Loss of $200 Million in the Second Quarter
Marathon Digital Holdings reported a net loss of $199 million for the second quarter due to the Bitcoin halving event that took place in April. The company’s losses were compounded by a $148 million drop in the market value of digital assets, missing analysts’ expectations for earnings per share by $0.53. The revenue, which increased by 78% to 145 million dollars with the increase in the price of Bitcoin and the revenues from new hosting services, could not compensate for the low production and large asset value losses. CEO Fred Thiel cited equipment failures and increased competition as additional challenges, but the company achieved a record installed hashrate of 31.5 exahashes per second.
Galaxy Digital Announces Net Loss of 177 Million Dollars
Galaxy Digital posted a net loss of $177 million in the second quarter, compared to a net profit of $1.6 million in the same period last year. Additionally, the company’s net income in the second quarter decreased to $53.7 million, from $108.7 million in the same quarter last year. Despite the overall net loss, Galaxy managed to generate revenue across several business segments, including Global Markets, Asset Management and Digital Infrastructure Solutions. The company continues to focus on strategic initiatives to ensure future growth and stabilize its financial performance amid market volatility.
Digital Chamber Supports Senator Lumnis’ Bitcoin Law
Digital Chamber, a leading digital asset advocate in the United States, is urging US lawmakers to vote in favor of the Bitcoin reserve bill introduced by Wyoming Senator Cynthia Lummis. In an article published on August 1 on He said he would deliver it.
Phantom Rebrands as Sonic Labs
Sonic Labs has officially replaced Fantom, marking a major shift for the decentralized application protocol. The rebranding was announced on the newly named X page as Sonic Labs, transitioning from the previous name Fantom. Fantom has established Sonic Labs and the Sonic Foundation to support future growth. Sonic Labs will be responsible for the creation and growth of the DApps, while the Sonic Foundation will oversee the management of the project’s governance and funds.
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BITCOIN (BTC)
BTC is priced at $64,406 with a 1.45% loss of value as of the morning hours. After a rise to $70,000, the first rejection was encountered. There was a retreat to $62,500 and an upward reaction was received. If there is an upward reaction from this region, there may be a rise up to $69,000. For prices below $63,000, a withdrawal may occur up to $58,000.
ETHEREUM (ETH)
ETH is priced at $3162.3 with a 1.27% loss in value as of the morning hours. We see a horizontal movement between the $2860 and $4030 levels. These two levels can be followed as main support and resistance zones. The intermediate resistance zone is the $3400 level. If the resistance zones are crossed in upward movements, the $ 4000 level can be followed. $3100 serves as an important support. Below $3100, the $2860 level may be retested. If $3400 breaks upwards, a move towards $4000 is likely to start.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5788, with a 2.97% loss in value. The 0.60 region was broken downwards. As initial support, the 0.56 and 0.55 areas remain strong. Movements above $0.60 may be seen again in pricing above this region. If this zone breaks downwards, a retreat may occur up to $0.52.
AVALANCHE (AVAX)
AVAX is priced at $25.24 with a 1.87% loss of value as of the morning hours. When we examine the four-hour chart, the middle region of the horizontal band has broken down. As long as this price structure is maintained, pricing below 27 dollars may be seen. If there is a break of $ 30, $ 34 appears as the first resistance. In case of pullbacks, $25 appears as a strong support zone. In case of a loss of $25, the $21 zone is among the places where the price can hold.
SOLANA (SOL)
SOL is priced at $163.78 with a 2.15% depreciation as of the morning hours. When we examine the four-hour chart, we see that the support zone that was broken downwards yesterday was retested and it could not be maintained permanently. This movement can be considered as confirmation of the downward movement. If the downward movement continues, the levels of $ 160 and then $ 155 can be followed first.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $12.68, with a 1.48% loss in value. When we examine the hourly chart, we see that the downward movement continues. If the downward movement progresses, the $12.20 region appears as support and the double bottom formation can be followed from this region. In upward movements, the $13 level can be followed as resistance.
APT
APT is priced at $6.27 with a 2.18% depreciation as of the morning hours. When we examine the four-hour chart, we see that the downward movement is progressing. With this move, the $6.10 region can be followed as support. In upward movements, if the resistance zone of $ 6.40 is passed, the $ 6.80 zone can be tested.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2460 dollars with a 0.60% gain in value. The rise continues after receiving a reaction from $2353. The $2485 area is a critical area. In case of an upward break, increases up to 2500 dollars may be seen. The $2400 region is a region that is likely to act as support in retreats.
OUNCE OF SILVER
Silver is priced at $28.80 with a 0.97% gain in value as of the morning hours. When we examined the four-hour chart, we saw that after the $29 resistance zone was tested yesterday, the $28.40 level was tested with a slight pullback, but received an upward reaction. If this movement continues, the $29 region appears as an important resistance zone.
