Happy Thursday!

Bitcoin has been a good performer for almost all holders — 97% of wallets are in profit. But what does that mean for your portfolio?

Ethereum is still the biggest ‘FOMO’ trade for ETFs and treasury companies. They have already bought over $32 billion worth — is there any stopping this train?

Plus, the biggest earnings moves often happen in seconds. With Benzinga Edge, you’ll be ready — ranked stock lists, trade-ready setups and breaking news that actually matters. Timing is everything.

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TOP STORY

97% Of Bitcoin Wallets Are Now In Profit — What Does It Mean For Your Portfolio?

Bitcoin has demonstrated exceptional resilience in the face of a massive sell-off, with over $1.4 trillion in unrealized gains still held by market participants.

According to Glassnode’s weekly report, an overwhelming 97% of Bitcoin’s circulating supply remains in profit, demonstrating the market's maturity and liquidity depth.

Last weekend, a legacy Bitcoin holder distributed approximately 80,000 BTC, valued at $9.6 billion, via Galaxy Digital’s OTC desk.

Despite this significant sell-side volume, the market absorbed the pressure without collapsing, briefly dipping to $115,000 before rebounding to $119,000.

Where is Bitcoin headed next?

Read the full scoop here. 

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The biggest earnings moves often happen in seconds. With Benzinga Edge, you’ll be ready — ranked stock lists, trade-ready setups and breaking news that actually matters. Timing is everything.

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QUICK N DIRTY

Bitcoin, Ethereum, XRP, Dogecoin have stabilized after a short-lived post-FOMC dip and are consolidating again: what is driving markets today?

Ethereum is celebrating its 10th birthday and has just completed its strongest July ever — what’s in store for it in August?

XRP has surged over 40% in July and looks poised for more gains. Can the rally continue next month?

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FINTECH FOCUS

Ethereum ETFs, Treasury Companies Now Hold Over $32B In ETH: Here's What's Driving The Frenzy

Corporate treasuries and spot ETFs are rapidly consolidating their hold on Ethereum, with combined on-chain and off-chain holdings now surpassing $32 billion.

Data compiled by SER shows that 64 entities, spanning publicly listed firms, exchanges, DeFi protocols, nonprofits and governments, collectively hold 2.73 million ETH in their treasuries, valued at over $10.5 billion.

This marks a notable shift in asset allocation strategies, particularly as companies like Bitmine Immersion Tech, SharpLink Gaming and Ether Machine now individually surpass the Ethereum Foundation in ETH holdings.

What does that mean for the future and price of ETH?

Read the full scoop here. 

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