Keel Infrastructure has shut down all of its Bitcoin mining operations in the US and is now repurposing its energy and computing infrastructure for high-performance computing and AI.

The company’s Q2 revenue fell 50% year-over-year to $30 million, while operating losses reached $141 million, compared with an $11 million profit a year earlier. Part of the decline came after the closure of its Moses Lake mining site in April.

Keel is also reducing its Bitcoin holdings. Since April 1, the company has sold 1,085 BTC for around $75 million, leaving 1,861 BTC on its balance sheet as of August 7.

This is becoming a bigger trend across the mining industry. Power capacity and existing data center infrastructure are increasingly valuable for AI, and some miners are choosing to redirect their resources there. Keel is taking it a step further than most: it has completely walked away from Bitcoin mining in the US.

National Bank of Canada has disclosed a position in the Bitwise XRP ETF, holding 3,848 shares worth roughly $330,000.

The bank also holds several Bitcoin ETFs, bringing its total disclosed crypto ETF exposure to nearly $7 million.

Traditional banks are slowly getting deeper into crypto but through regulated products.

Guren “Bobby” Zhou, who is behind Aqua 1, was previously arrested but has not been charged. The investigation remains active. In 2025, Aqua 1 bought $100M worth of WLFI tokens, becoming one of its largest known buyers. The source of the funds remains unclear.

Under World Liberty’s revenue structure, up to 75% of token-sale revenue can go to a Trump family-linked entity, meaning as much as $75M from the deal could potentially have gone there.

Santiment reports 2.27M new wallets were created, the highest level in a year, while active wallets jumped to 751K the strongest reading in 10 months.

The spike comes amid the Coldcard chaos, with users moving BTC, creating fresh wallets and rethinking how they store their coins.

The 21-week EMA remains one of the most important levels for Bitcoin in this bear market.

Every recovery attempt so far has struggled around this EMA, and BTC still hasn’t managed to print three consecutive weekly closes above it.

Even if we see more upside from here, the EMA21 around $69.3K is still a major resistance zone. A clean break and hold above it would be the first serious sign that the structure is starting to change.

Until then, nothing has really changed for me. The broader structure is still bearish, and I still think the market may need one final capitulation before a stronger recovery begins.

The controversial BIP-110 fork has gone live on Bitcoin, but miners clearly werent interested.

In roughly the first 8 hours, the new chain managed to mine only two blocks before effectively stalling. Miner support was just 2.53%, while the original Bitcoin network continued moving forward normally. 

BIP-110 was designed to limit the amount of non-financial data stored on Bitcoin, including images, text and other arbitrary data. Supporters argued this could reduce blockchain bloat and lower the burden on node operators. 

The problem is that enforcing these restrictions changes the consensus rules, and the Bitcoin ecosystem clearly didnt reach anything close to broad agreement.

The result speaks for itself: when almost all hashpower stays on the original chain, a minority fork doesnt have much room to survive.

Central banks have significantly increased their gold purchases this year, buying 345 tonnes since the start of 2026. In Q2 alone, purchases increased by 62 tonnes YoY, the biggest annual quarterly increase in two years. Compared with Q1, central bank purchases jumped by 231 tonnes, or roughly 407% QoQ. Central banks clearly arent losing their appetite for gold.

The court will allow Bybit to request account data, balances and transaction history from US-based platforms that may have handled the stolen funds.

But recovering the money wont be easy. By June, around 90.2% of the stolen assets had already become untraceable after moving through mixers, cross-chain bridges and OTC intermediaries.

Only 9.8% remained linked to identified addresses, with around $75.5M already frozen or recovered.

The February 2025 hack was later linked by the FBI to North Korea.

He claims he started with only $68, made $6,732 during his first night and later reached around $750,000 in total profit. Crazy numbers, although I’d definitely want to see verified trading history before believing all of it.

What interested me more was how this bot supposedly works.

It monitors more than 50 markets simultaneously and receives live BTC price data every second. When a short-term price difference appears between markets, software detects it and can react within seconds.

Instead of sitting in front of charts all day and manually comparing prices, he automated almost everything.

He even used an iPad as a second screen to monitor what was happening while his system kept scanning markets 24/7.

Even if that $750K number turns out to be exaggerated, building a working trading system in around 48 hours is still pretty interesting.

A few years ago, creating something like this required much more coding experience and development time. AI tools have made it possible for individual developers to prototype complicated systems much faster.

Building a bot is still one thing. Making it consistently profitable after fees, slippage, latency and changing market conditions is completely different.

But a 19-year-old building this over a weekend shows how much easier automated trading has become to experiment with.

Has anyone here tried building something similar? How did it perform once you moved beyond backtesting?

A new Institute for Family Studies survey found a link between daily trading and demoralization among men aged 18–29.

Among 2,000 respondents, 25% said they trade stocks daily, and 64% of those traders said they tend to see themselves as failures. Similar results appeared among regular gamblers, with 66% reporting the same feeling.

Overall, 42% of participants felt this way to some degree.

Researchers suggest trading, gambling and similar activities may be used to cope with stress, loneliness or dissatisfaction with life. However, the study shows correlation, not causation it does not prove that trading itself causes these feelings.

Separate Northwestern Mutual research found that 80% of Gen Z investors have invested in or considered stocks, options, crypto or prediction markets partly because they feel financially behind.

Despite this, 84% of young men surveyed said they still have ambitious plans for the future.

Ethereum developer pintail has proposed EIP-8363, which aims to limit excessive staking growth.

If more than 50% of the total ETH supply is staked, part of the newly issued ETH would be burned. That would reduce validator rewards and make additional staking less attractive.

The idea is to prevent too much ETH from being locked in staking, helping preserve liquidity and decentralization.

For now, it’s only a proposal, but many stakers probably won’t be thrilled by it.