American Bitcoin (ABTC) originally purchased the mining rigs in March, weeks after reporting a $59 million loss for Q4 2025.
A solo Bitcoin miner, operating through CKPool, solved block 960,804 at 02:11 UTC on Monday, receiving a reward of 3.16 BTC (approximately $200,000) from the block subsidy and transaction fees. This marks the 317th solo block found via CKPool.
Fake World Assets (FWAs), a new onchain gacha phenomenon, briefly became Ethereum's largest gas consumer, generating over $1.5M in daily fees. While its creators tout it as the "next big thing," skeptics question its longevity beyond token incentives, comparing it to a gamified lottery.
Solana increased its maximum computation per block by 66.7% to 100 million compute units on July 29. This allows more room for unrelated transactions but keeps the 12 million CU cap for single "hot accounts," and doesn't guarantee higher throughput or lower priority fees for congested markets.
10x Research suggests Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, contingent on Federal Reserve policy and other market risks like miner selling and geopolitical events. Other analyses from Grayscale and K33 also point to an approaching bottom.
Small Bitcoin holders moved 39,600 BTC ($2.5 billion) on July 31, a rate not seen since the FTX collapse, following news that Coldcard hardware wallets generated guessable keys for five years. This prompted users to shift holdings, likely for safety, though Bitcoin's price remained stable.
Bitcoin dropped below $63,000 as the Coinbase Premium Index recorded its longest negative streak in history at 77 days, indicating persistent selling pressure from US institutional investors despite recent Bitcoin ETF inflows.
