News
5 Aug 2025, 18:22
RATE CUT ODDS SOAR, PROJECT CRYPTO, TRUMP TARIFFS
Crypto rises as Fed pivot bets build, SOL leads. ETH sees ATH ETF outflow. BMNR bought 200k ETH in past week. Vitalik proposes multidimensional ETH fees. US set to fine banks for crypto discrimination. SEC issues guidance on stablecoin accounting. Chainlink launches US equity data streams. Anti-Crypto Warren is a LOSER: Trump. CFTC opens door to crypto futures exchanges. Coinbase, Paypal to offer stablecoin yield. Thiel backed Bullish files for IPO. Arkham uncovers $3.5bn crypto heist
5 Aug 2025, 18:05
BlackRock Deposits $372,000,000 Worth of Ethereum and $292,000,000 in Bitcoin to Coinbase Prime: On-Chain Data
The world’s largest asset manager has deposited hundreds of millions of dollars worth of Ethereum ( ETH ) and Bitcoin ( BTC ) into Coinbase Prime, on-chain data shows. According to the blockchain tracking platform Lookonchain, BlackRock recently moved massive amounts of ETH and BTC worth a combined $664 million to the top US crypto platform as Trump’s latest tariff policies and new US jobs data have sparked market volatility. “BlackRock (ETHA) deposited 101,975 ETH ($372 million) and 2,544 BTC ($292 million) into Coinbase Prime [Tuesday].” The on-chain data indicate that the assets are from BlackRock’s Ethereum exchange-traded fund (ETF), the iShares Ethereum Trust (ETHA), and its Bitcoin ETF, the iShares Bitcoin Trust (IBIT). It’s unclear the reason for the transfers, but it may indicate an intention to sell on behalf of clients. BlackRock uses Coinbase Prime for custody, sales and other services. The asset manager moved the Bitcoin in batches of 300 BTC and it moved Ethereum in multiple 10,000 ETH transactions. Meanwhile, Lookonchain reports institutional accumulation sprees of Ethereum have been surging. “Whales/institutions keep buying ETH! Another three fresh wallets bought 63,837 ETH ($236 million) via FalconX and Galaxy Digital OTC (over the counter) [Monday]. Since July 9th, a total of 14 fresh wallets have accumulated 856,554 ETH ($3.16 billion).” Lookonchain also notices ETH Treasury firm SharpLink added more Ethereum to its books this week. “SharpLink bought another 18,680 ETH ($66.63 million) [Monday]. SharpLink currently holds 498,711 ETH ($1.81 billion).” Bitcoin is trading for $113,012 at time of writing, down 1.8% in the last 24 hours. Meanwhile, ETH is trading for $3,578 at time of writing, down 2.2% on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE-2 The post BlackRock Deposits $372,000,000 Worth of Ethereum and $292,000,000 in Bitcoin to Coinbase Prime: On-Chain Data appeared first on The Daily Hodl .
5 Aug 2025, 18:02
Robin Energy Invests $3 Million in Bitcoin Through Anchorage Digital Bank, Signaling Potential Shift in Corporate Treasury Strategies
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5 Aug 2025, 17:52
Bitcoin Drops Below $113K After Trump Announces New Tariffs
U.S. President Donald Trump announced new tariffs on pharmaceuticals and semiconductor chips on Tuesday morning during a CNBC interview. Trump Tariff Threat Shakes Crypto: Bitcoin Drops Below $113K Crypto and stock markets edged lower on Tuesday morning, with bitcoin ( BTC) dropping below $113K after U.S. President Donald Trump told CNBC that his administration will
5 Aug 2025, 17:50
Indonesia’s Sovereign Fund could start accumulating Bitcoin
Indonesia has joined the list of countries exploring Bitcoin as a national reserve. The effort is being pushed by the Vice President’s office, and the idea is being considered because of its potential to diversify national reserves, serve as a hedge against inflation, and reduce reliance on traditional fiat currencies like the U.S. dollar, especially in the face of global economic volatility. According to a post on X from Bitcoin Indonesia, the largest BTC community in the country, the Vice President’s office has expressed interest in Bitcoin and wants to know how it can support the country. BIG NEWS: 🇮🇩 Indonesia is exploring Bitcoin as a national reserve. We were invited to the Vice President’s office to present how Bitcoin could benefit the country. What we discussed could shape the future of Indonesia’s economic strategy. 🧵👇 pic.twitter.com/QGKgGRRgEU — Bitcoin Indonesia (@bitcoinindo21) August 5, 2025 Indonesia may consider Bitcoin mining as a national reserve strategy Members of the community were invited to the Vice President’s office to make a presentation on how Bitcoin could benefit the country, and they reportedly discussed topics that could alter the future of Indonesia’s economic strategy. While there, they announced readiness to lead Bitcoin education at the national level and proposed what they called a “bold” idea: using Bitcoin mining as a national reserve strategy with the ultimate goal of using Bitcoin to fuel long-term economic strength. “We presented @saylor’s 2045 price prediction, which happens to align with 100 years of Indonesian independence,” a tweet from the post read. “They were bullish. So were we.” Indonesia’s Sovereign Fund (Danantara) could start accumulating Bitcoin Various parties in the country of Indonesia, including the office of the VP, believe it is time for BTC to be added to the country’s national reserve. Gabriel Rey, CEO of licensed crypto exchange Triv, and Anthony Leong, Deputy Secretary General of the Indonesian Young Entrepreneurs Association (HIPMI), both argue that it is time for Indonesia to explore the possibility, and proposed that Bitcoin be included as one of BPI Danantara’s investment options. Leong says if BPI Danantara allocated IDR 300 trillion (about $18.3 billion) to Bitcoin, it could lock up up to 200,000 BTC. The profits generated could help reduce some of the national debt if the digital asset’s price increases significantly. The Daya Anagata Nusantara Investment Management Agency (BPI Danantara) was officially launched by the President of the Republic of Indonesia, Prabowo Subianto, on February 24, 2025, and is tasked with managing state assets independently to accelerate long-term development. The purpose of the Bitcoin reserve would be to diversify state assets, protect national wealth from inflation, and keep up with the trend of developed countries that are starting to include crypto assets in their portfolios. The proposal triggered support and opposition across various circles, and among those that spoke up was Indonesia’s financial regulator, Financial Services Authority (OJK). OJK was cautious in its response, expressing a willingness to entertain the discourse further, while emphasizing the need for strong regulations and governance if it were to happen. If the discourse becomes a reality, it could make Indonesia one of the first countries in Southeast Asia to adopt Bitcoin as part of its sovereign wealth fund. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
5 Aug 2025, 17:47
Pay Attention to This Date in Bitcoin: Critical Country to Discuss Adding BTC to Its Treasury
Brazil's Federal Chamber of Deputies will hold a public hearing on August 20 to consider the possibility of diversifying part of the country's national reserves into Bitcoin. The plan envisions Brazil's Central Bank purchasing Bitcoin over time, increasing its share of the cryptocurrency to 5% of the country's foreign exchange reserves. The bill cites examples of steps taken by countries like the United States and El Salvador to integrate cryptocurrencies into their national financial management strategies. Related News: BREAKING: Coinbase Announces It Will List Its Third Altcoin in a Row The proposed law requires that purchased Bitcoin be stored in cold storage and that all transactions be publicly reported. However, the bill does not specify a timeline for when or under what circumstances Bitcoin holdings could be sold. The US recently took a similar step, but stated that BTC could only be purchased without creating an additional burden on taxpayers. This generally means a reserve will be established from confiscated Bitcoin. The US reserve, on the other hand, also pledges not to sell BTC. *This is not investment advice. Continue Reading: Pay Attention to This Date in Bitcoin: Critical Country to Discuss Adding BTC to Its Treasury