12 Aug 2025, 10:20

David Bailey Plans $762 Million Bitcoin Purchase Using VWAP Strategy

David Bailey , head of Bitcoin-focused firm Nakamoto Inc. and co-founder of BTC Inc., is preparing for a major Bitcoin purchase .

12 Aug 2025, 10:16

Bitcoin Hyper Blows Through $8.5M in Crazy-Fast Presale

Bitcoin is riding a wave of strength. Following a brief stretch well above $121K yesterday, the world’s largest token has come back down to Earth, currently trading around $118K. Overall, momentum for Bitcoin (and the broader crypto market, nearing a $4T total market cap ) remains bullish. But what if there’s something even bigger than Bitcoin on the horizon? That’s the setting for the unveiling of Bitcoin Hyper ($HYPER) , a Layer‑2 solution aiming to propel Bitcoin well beyond its current limitations. This project’s success would reinforce Bitcoin’s dominance in the crypto ecosystem, while setting up $HYPER for unprecedented success. The Problem: Scalability, Speed, and Functional Limitations Holding Bitcoin Back No one doubts Bitcoin’s resilience and function as a store of value. That said, there are a few things holding Bitcoin back. Because it was the first blockchain and the OG crypto, some of the innovations that power later chains like Ethereum and Solana simply weren’t present when Bitcoin launched. Low Throughput : Bitcoin processes around seven transactions per second (TPS), which pales in comparison to networks like Solana, capable of executing thousands of TPS in real time. High Costs & Delays : During periods of heavy network congestion, fees can surge dramatically and confirmation times may stretch to 30 minutes or more. That makes micro‑transactions or retail payments cost prohibitive. Limited Programmability : Bitcoin lacks native smart contract and DeFi support, closing off innovations such as decentralized finance, token minting, and automated applications. Without these capabilities, Bitcoin remains less competitive for everyday transactions or cutting-edge blockchain applications, even as rival platforms build vibrant ecosystems. These structural problems remain for Bitcoin no matter how big its market cap gets. Fundamentally, Bitcoin could become the biggest, best asset in the entire world – and it would still be difficult to build good dApps on it. Structurally, there are at least two reasons for Bitcoin’s limits– The first one is its limited smart-contract functionality. dApps require complex smart contracts to execute, but Bitcoin’s Layer-1 supports only simple smart contracts. Secondly, the network has limited programmability. Why only simple smart contracts? Because of the limited programmability of Bitcoin’s scripting language. That weakness does reduce programming errors and reduce the risk of denial of service attacks , but it hinders development. So how do you keep everything that makes Bitcoin great, but also push the ecosystem to the next level? By building something beyond the original Bitcoin layer. The Solution: Bitcoin Hyper’s Layer-2 Reinvention Bitcoin Hyper ($HYPER) introduces an innovative Layer‑2 protocol. The goal is to transform Bitcoin into a fast and scalable platform, where transactions are cheap and resolve quickly. How to pull that off? Bitcoin Hyper leverages the high-performance Solana Virtual Machine . This SVM integration enables rapid transaction processing, low costs, and near-instant finality – all while anchoring security to Bitcoin’s mainnet. Key features include: A Canonical Bridge Mechanism : Users deposit $BTC into a trustless Canonical Bridge, which locks $BTC on the Layer‑1 chain and mints equivalent wrapped $BTC on the Layer‑2. The Solana Virtual Machine (SVM) : Think of the SVM as a smart contract execution hub, based on the Solana blockchain. Smart contracts deployed here benefit from Solana’s higher transaction speeds and smart contracts. Bitcoin Hyper: Hybrid Modular Architecture Bitcoin Hyper tackles the scalability issue by separating the two key aspects of the blockchain’s function – smart contracts and final settlement. Smart contracts execute through the SVM. That allows transactions to benefit from the Solana-like speed and scalability. It also enables complex smart contracts, which in turn power DeFi, token issuance, micro-payments, and more – all with ultra-low gas fees and fast confirmation. Final settlement and security rely on Bitcoin’s Layer-1, taking advantage of the reliability and stability of the Bitcoin network. By separating the actions of the two layers into a modular architecture, the Bitcoin Hyper project takes the best aspects of both worlds. $HYPER: Native Token + Wrapped Bitcoin on the Bitcoin Hyper Layer-2 What about the tokens? When Bitcoin is deposited into the canonical bridge, it emerges on the other end as a wrapped Bitcoin on the Hyper Layer-2. There, powered by the SVM, it becomes eligible for native on-chain staking, DeFi deployment, and all the other tools of the growing crypto economy. Want to move your $BTC back to the Layer-1? Simply reverse the process. But that’s not the only token on the Bitcoin Hyper Layer-2. There’s also the project’s native $HYPER, currently available as an ERC-20 token in the ongoing presale . What is $HYPER? It’s the Bitcoin Hyper utility token, and holding $HYPER unlocks its own benefits: Transaction Payments : Pay gas fees with $HYPER for transfers, smart contract execution, and dApp interactions. Staking Access : During the presale, stake $HYPER to earn rewards (currently 126% APY). Ecosystem Access : Use $HYPER for early access to potential dApps, DeFi protocols, or premium services. Developer Grants : Bitcoin Hyper builders can receive discounts by holding and using $HYPER in smart contracts. The Bitcoin Hyper presale rocketed off to a strong start, raising millions in mere weeks. To date, $8.6M+ has been raised, and our $HYPER price prediction shows the token price could reach $0.32 by 2025 EOY (from its current price of $0.01265). Visit the Bitcoin Hyper ($HYPER) presale to learn more. The Use Cases: Real-World Examples Imagine purchasing a coffee with wrapped $BTC or $HYPER for minimal fees, or developers launching DeFi protocols and meme coins directly on a Bitcoin-centric network. Entire applications – from yield farming to NFT marketplaces – are now feasible within Bitcoin’s ecosystem. The potential implications for Bitcoin and Bitcoin Hyper are staggering. For the first time, Bitcoin could become a programmable network. By unlocking complex smart contracts and DeFi on the top blockchain asset, Bitcoin Hyper could attract developers and capital to the Bitcoin ecosystem. It could even change the narrative of $BTC as “digital gold.” And for Bitcoin Hyper, there’s a key first-mover advantage. As the fastest Bitcoin L2 and the first to deploy its unique modular architecture, Bitcoin Hyper may seize developer initiative and integration. There’s no doubt that a successful Layer-2 would reinforce Bitcoin’s dominance. With enhanced utility, Bitcoin’s role could extend beyond a passive store-of-value to a dynamic foundation for innovation – accelerating further adoption, adding new utility for growing Bitcoin strategy reserves, and potentially challenging leaders like Ethereum in the DeFi space. Bitcoin Hyper has the power to not only scale Bitcoin, but also redefine what Bitcoin is capable of becoming. And you can still join the Bitcoin Hyper presale to support the project. Bitcoin + Layer-2: Whales Alerted to $HYPER’s Potential Bitcoin’s price uptick this week – around 4% – provides an energizing backdrop for the Bitcoin Hyper presale. It could explain why whale interest is growing, with a $12,079 $HYPER purchase recently rolling in. By addressing Bitcoin’s long-standing pain points with a scalable, smart contract-capable Layer-2, Bitcoin Hyper ($HYPER) is poised to amplify Bitcoin’s utility and reignite ecosystem growth. As always, though, be sure to do your own research before making any investment. This isn’t financial advice.

12 Aug 2025, 10:15

Tech companies race to scale quantum computing this decade

Tech companies in the United States are racing to scale quantum computer systems from lab prototypes to industrial machines, according to details shared by IBM, Google, Amazon, Microsoft, and others. Breakthroughs in chip design and error correction have narrowed technical gaps, putting a decade-long target within reach for some, while others warn the road will be far longer. IBM’s announcement in June laid out a full-scale design that fills missing engineering details from earlier plans. Jay Gambetta, who leads the company’s quantum program, said they now have a “clear path” to a machine that can outperform classical computers in tasks like materials simulation and AI modeling before 2030. Google’s quantum research team, led by Julian Kelly, removed one of its biggest technical barriers last year and says it will also deliver before the decade ends, with Kelly calling all remaining problems “surmountable.” Companies push to solve scaling challenges Amazon’s quantum hardware chief Oskar Painter warned that even with major physics milestones behind them, the industrial phase could take 15–30 years. The leap from fewer than 200 qubits — the basic quantum units — to more than one million is needed for meaningful performance. Scaling is hampered by qubit instability, which limits their useful state to fractions of a second. IBM’s Condor chip, at 433 qubits, showed interference between components, an issue Rigetti Computing CEO Subodh Kulkarni described as “a nasty physics problem.” IBM says it expected the issue and is now using a different coupler to reduce interference. Early systems relied on individually tuned qubits to improve performance, but that’s unworkable at large scale. Companies are now developing more reliable components and cheaper manufacturing methods. Google has a cost-reduction goal of cutting parts prices tenfold to build a full-scale system for $1 billion. Error correction, duplicating data across qubits so the loss of one doesn’t corrupt results, is seen as a requirement for scaling. Google is the only one to show a chip where error correction improves as systems grow. Kelly said skipping this step would lead to “a very expensive machine that outputs noise.” Competing designs and government backing IBM is betting on a different error correction method called low-density parity-check code, which it claims needs 90% fewer qubits than Google’s surface code approach. Surface code connects each qubit in a grid to its neighbors but requires more than one million qubits for useful work. IBM’s method requires long-distance connections between qubits, which are difficult to engineer. IBM says it has now achieved this, but analysts like Mark Horvath at Gartner say the design still only exists in theory and must be proven in manufacturing. Other technical hurdles remain: simplifying wiring, connecting multiple chips into modules, and building larger cryogenic fridges to keep systems near absolute zero. Superconducting qubits, used by IBM and Google, show strong progress but are difficult to control. Alternatives like trapped ions, neutral atoms, and photons are more stable but slower and harder to connect into large systems. Sebastian Weidt, CEO of UK-based Universal Quantum, says government funding decisions will likely narrow the field to a few contenders. Darpa, the Pentagon’s research agency, has launched a review to identify the fastest path to a practical system. Amazon and Microsoft are experimenting with new qubit designs, including exotic states of matter, while established players keep refining older technologies. “Just because it’s hard, doesn’t mean it can’t be done,” Horvath said , summing up the industry’s determination to reach the million-qubit mark. The smartest crypto minds already read our newsletter. Want in? Join them .

12 Aug 2025, 10:15

Stablecoin Valuation Hits $281 Billion: Here are the Biggest Beneficiaries

The total capitalization of stablecoins hits a new all-time high of $281 billion. The recent passage of the GENIUS Act in the US is a major catalyst for the growth. Ethereum and Tron are the primary beneficiaries, seeing their on-chain stablecoin supplies soar. The total market cap of stablecoins, the core source of liquidity for the crypto market, has surged to a new record high of $281 billion as of August 12. At the same time, the daily average trading volume has also climbed 12% to around $187 billion. This market continues to be dominated by two giants, Tether’s USDT and Circle’s USDC, which together command about 66% of the total market share. To put that in perspective, according to market aggregate data from Binance-backed CoinMarketCap , USDT had a circulating supply of $164.6 billion and an average trading volume of about $135 billion on Tuesday. The undisputed king. Tether isn’t just the biggest; it is a massive on-chain. Here’s CoinEdition’s report into USDT’s on-chain footprint . And while the U.S. dollar-backed coins still dominate, this massive growth is why other jurisdictions like China and Europe have also been exploring the market. … The post Stablecoin Valuation Hits $281 Billion: Here are the Biggest Beneficiaries appeared first on Coin Edition .

12 Aug 2025, 10:10

Texas Utility Regulator Sues Attorney General to Keep Crypto Mining Data Secret Over Terrorism Fears

The Public Utility Commission (PUC) of Texas has taken the unusual step of suing state Attorney General Ken Paxton in an effort to block the release of cryptocurrency mining data, arguing that public disclosure could endanger the state’s energy grid. Key Takeaways: Texas’s utility regulator is suing the state attorney general to block the release of detailed crypto mining data. ERCOT estimates crypto mining already uses as much power as Austin, with far more capacity planned. Lawmakers mandated large mines to register, but the public still lacks access to the filings. The lawsuit, filed in June, challenges a ruling from Paxton’s office that would have required the PUC to release information to reporters from Straight Arrow News and The Texas Tribune . The journalists had requested details from registration filings under Senate Bill 1929, including facility names, locations, ownership, and power usage. Texas Crypto Mining Boom Grows, but True Scale Remains Opaque Texas has emerged as one of the largest cryptocurrency mining hubs in the United States, but the full scale of its operations remains opaque. In 2024, the Electric Reliability Council of Texas (ERCOT) estimated that crypto mining could already account for around 2,600 megawatts of power demand, roughly equal to the city of Austin’s electricity use on a hot summer day. Additional projects are on the way: utility giant AEP recently disclosed that cryptocurrency mines with a combined load of 5,000 megawatts are planned in its Texas service area alone. The state’s electricity demand is projected to nearly double by 2030, with Bitcoin mining a major driver. While lawmakers passed SB 1929 in 2023 to require large-scale crypto mines, those consuming more than 75 megawatts, to register with the PUC by February 2025, the public has yet to see the detailed information those registrations contain. After the PUC denied the media requests earlier this year, the journalists appealed to Paxton’s office, which in May largely sided with them. Amusing to watch people explaining why Texas power prices have stayed low, by drawing charts and inferences that don't mention Texas has 3.5 GW of Bitcoin mining which Brad Jones (Texas Grid's former CEO) said back in 2022 is what "keeps electricity prices low for all Texans" pic.twitter.com/ra586mBtGO — Daniel Batten (@DSBatten) June 25, 2025 However, the commission, whose members are appointed by Gov. Greg Abbott, is now seeking a court order to keep the information sealed. “In the wrong hands, this information could be used by terrorists to plan attacks on Texas’s energy grid and critical infrastructure,” PUC lawyers wrote in a June 27 filing. Chinese Roots Still Dominate Global Bitcoin Mining As reported, over half of the world’s Bitcoin mining operations still trace their origins to China , with 55% to 65% of mining linked to Chinese capital, hardware, or expertise, according to Uminers CEO Batyr Hydyrov. Despite China’s 2021 mining ban, key Chinese players have maintained influence by relocating operations overseas. Major Chinese manufacturers Bitmain, Canaan, and MicroBT, responsible for 99% of Bitcoin mining hardware, have shifted production to the U.S. to avoid tariffs, helping boost America’s share of Bitcoin’s total hashrate from 4% in 2019 to 38% today. Hydyrov added that former Chinese miners have often increased capacity after moving abroad, with some expanding by up to 150%, and noted that limited mining still persists within China’s remote regions where enforcement is lax. Meanwhile, in Iran, officials have raised concerns over the rising strain crypto mining is placing on the nation’s electricity grid, claiming that the activity now contributes to as much as 20% of the country’s energy imbalance. The post Texas Utility Regulator Sues Attorney General to Keep Crypto Mining Data Secret Over Terrorism Fears appeared first on Cryptonews .

12 Aug 2025, 10:09

Ether Traders Lock in Profits as Price Tests $4,300, What’s Ahead?

Ether holders are beginning to cash in gains as the cryptocurrency hovers around the $4,300 mark, with data suggesting that short-term traders are leading the wave of profit-taking. On-chain analytics firm Glassnode reported that short-term holders — those who have owned Ether for less than 155 days — have been realizing gains at a faster pace than long-term investors, hinting at concerns over a potential pullback. “Short-term investors are realizing far more gains, driving the current wave,” Glassnode said in an X post on Monday. Data shows that Ether profit realization, measured by the seven-day simple moving average, is currently around $553 million per day, with most of this activity coming from short-term traders. Long-term holders, in contrast, are taking profits at levels similar to those seen in December 2024. Short-Term Gains Outpace Long-Term Moves Despite the recent selling pressure, overall profit-taking remains about 39% lower than the peak levels recorded last month, when ETH traded near $3,500. Over the past 30 days, ETH price has climbed 43%, reaching $4,283 as of Monday, according to data from Nansen. Ether still sits roughly 12.7% below its all-time high of $4,828 set in November 2021. However, data from CoinGlass shows that approximately $2.23 billion in leveraged positions could be liquidated if ETH approaches $4,700 — a level that may act as a psychological and technical barrier. Market sentiment remains cautious, influenced in part by Ether’s earlier struggles this year. In March, the cryptocurrency dipped below $2,000, and several attempted rallies failed before the recent breakout. Notably, BitMEX co-founder Arthur Hayes revealed that he repurchased ETH just a week after selling $10.5 million worth at $3,507, signaling renewed confidence despite the mixed signals in the market . $4,300 Emerges as a Key Ether Price Threshold Since Sunday, ETH has briefly traded above $4,300 on multiple occasions but has struggled to hold the level. Analysts say institutional demand is rising, but opinions remain divided on whether prices will continue to push upward in the short term. Santiment analyst Brian Quinlivan warned over the weekend that public announcements of major institutional purchases can sometimes trigger fear of missing out (FOMO) among retail traders — which paradoxically may stall or reverse upward momentum. Meanwhile, data shows that companies holding Ether in their corporate treasuries now collectively own 3.04 million ETH, valued at about $13 billion. This growing institutional presence could provide a long-term bullish underpinning, even as short-term traders lock in profits. The post Ether Traders Lock in Profits as Price Tests $4,300, What’s Ahead? appeared first on TheCoinrise.com .