NEWS DIGEST – 01.08.2025 πŸš€

 

1. πŸ’° MicroStrategy Posts $10B Profit on Bitcoin Holdings

MicroStrategy (Strategy Inc.) turned a net profit of $9.97 billion in Q2 2025β€”its first in six quartersβ€”thanks to unrealized gains of approximately $14 billion on its bitcoin portfolio. Holding now 628,791 BTC (~3% of global supply), the firm raised $2.5 billion via preferred stock to further expand its holdings.

βΈ»

2. βœ… SEC Launches β€œProject Crypto” for Digital Asset Oversight

Chairman Paul Atkins unveiled Project Crypto, a sweeping regulatory initiative aimed at clarifying crypto asset frameworks, streamlining altcoin ETF listings, and integrating DeFi into financial infrastructure. Key reforms include new definitions for securities, support for unified β€œsuper-app” providers, and exemptions for airdrops and treasury issuance.

βΈ»

3. πŸ”„ In-Kind ETF Redemptions Go Live for BTC & ETH

The SEC’s recent ruling now permits authorized institutions to perform in-kind creations/redemptions for Bitcoin and Ethereum spot ETFs, making them cost-efficient, tax-smart, and aligned with how traditional commodity ETFs operate. Bitwise became the first to implement the upgrade.

βΈ»

4. πŸ”½ Bitcoin Momentum Faces Seasonal Headwinds, May Drop Toward $112K

After nearing $120K, analysts at 10x Research warn Bitcoin could fall into its historical seasonal rangeβ€”support levels between $106K–$112Kβ€”due to normal August weakness and a cooling of on-chain capital inflows.