Bolivia is turning unused gas power into Bitcoin mining
🛠 The country launched a BTC mining operation powered by an idle 127 MW gas plant. Right now the farm uses around 27 MW and generates roughly 1.23 EH/s.
For Bolivia, this is more than just crypto hype.
The country has been facing a currency crisis, and after lifting restrictions on cryptocurrencies, virtual asset activity reportedly surged.
Now the government is moving on multiple fronts:
▸ monetizing excess energy through Bitcoin mining
▸ preparing a state-backed digital currency called the “virtual boliviano”
▸ increasingly using stablecoins as a substitute for scarce US dollars
The central bank says the digital currency project will officially launch on August 6 during Bolivia’s 200th Independence Day anniversary.
Interesting shift: A few years ago Bolivia restricted crypto purchases through banks.
Now the country is mining Bitcoin, experimenting with digital currency infrastructure, and using stablecoins to survive dollar shortages
🛠 The country launched a BTC mining operation powered by an idle 127 MW gas plant. Right now the farm uses around 27 MW and generates roughly 1.23 EH/s.
For Bolivia, this is more than just crypto hype.
The country has been facing a currency crisis, and after lifting restrictions on cryptocurrencies, virtual asset activity reportedly surged.
Now the government is moving on multiple fronts:
▸ monetizing excess energy through Bitcoin mining
▸ preparing a state-backed digital currency called the “virtual boliviano”
▸ increasingly using stablecoins as a substitute for scarce US dollars
The central bank says the digital currency project will officially launch on August 6 during Bolivia’s 200th Independence Day anniversary.
Interesting shift: A few years ago Bolivia restricted crypto purchases through banks.
Now the country is mining Bitcoin, experimenting with digital currency infrastructure, and using stablecoins to survive dollar shortages
💳 Crypto cards are quietly becoming one of the most successful real-world use cases for crypto
Weekly transaction volumes have now surpassed $200 million and have been growing almost continuously since 2023.
Unlike many hyped narratives that come and go, crypto cards solve a simple problem: they allow users to spend digital assets in everyday life without leaving the crypto ecosystem.
The steady growth in transaction volume suggests that adoption is moving beyond speculation and into actual payments.
While DeFi TVL and NFT activity have cooled significantly, crypto cards continue to gain traction, showing that users still want practical tools that connect crypto with the real economy.
Sometimes the biggest signs of adoption aren't found in meme coins or flashy narratives — they're hidden in people simply paying for coffee, groceries, and subscriptions with crypto.
Weekly transaction volumes have now surpassed $200 million and have been growing almost continuously since 2023.
Unlike many hyped narratives that come and go, crypto cards solve a simple problem: they allow users to spend digital assets in everyday life without leaving the crypto ecosystem.
The steady growth in transaction volume suggests that adoption is moving beyond speculation and into actual payments.
While DeFi TVL and NFT activity have cooled significantly, crypto cards continue to gain traction, showing that users still want practical tools that connect crypto with the real economy.
Sometimes the biggest signs of adoption aren't found in meme coins or flashy narratives — they're hidden in people simply paying for coffee, groceries, and subscriptions with crypto.
Please open Telegram to view this post
VIEW IN TELEGRAM
🐋 Whales Are Rotating From BTC to ETH?
While some long-term Bitcoin holders are taking profits, Ethereum continues to attract aggressive whale accumulation.
Over the past month, anonymous wallet 0x2e80 has purchased 74,033 ETH (≈$142M) from Gemini and staked the entire amount. Another wallet, 0xf23c, added roughly 18,000 ETH (≈$37M) over the last two days.
📈 Meanwhile, Arthur Hayes keeps stacking ETH, buying another 1,332 ETH (≈$2.5M), while Tom Lee's BitMine added 7,430 ETH (≈$14M).
BitMine now holds an astonishing 5,777,468 ETH worth around $10.9B—roughly 4.8% of Ethereum's total supply. 💰
While some long-term Bitcoin holders are taking profits, Ethereum continues to attract aggressive whale accumulation.
Over the past month, anonymous wallet 0x2e80 has purchased 74,033 ETH (≈$142M) from Gemini and staked the entire amount. Another wallet, 0xf23c, added roughly 18,000 ETH (≈$37M) over the last two days.
📈 Meanwhile, Arthur Hayes keeps stacking ETH, buying another 1,332 ETH (≈$2.5M), while Tom Lee's BitMine added 7,430 ETH (≈$14M).
BitMine now holds an astonishing 5,777,468 ETH worth around $10.9B—roughly 4.8% of Ethereum's total supply. 💰
A Hyperliquid trader deposited $15.29M $USDC before opening ~$73.82M in long positions.
Current major positions:
• $SP500: $62.02M long (20x)
• $MU: $6.88M long (10x)
• $SNDK: $4.92M long (10x)
Lifetime PnL: ~$1.6M
Address: 0xaEAAB54bbf65bfD6EfEd7d2Eb68372298E3c2416
Data: Onchain Lens Terminal via Hyperliquid API
Please open Telegram to view this post
VIEW IN TELEGRAM
⛏️ Bitcoin Miners Continue Selling BTC Amid Business Slowdown
Major Bitcoin mining companies are continuing to sell part of their BTC reserves as profitability remains under pressure.
Recent on-chain data shows:
🔹 MARA transferred 200 BTC (around $13M) to an exchange.
🔹 Riot Platforms sold 381 BTC (approximately $25M).
The trend comes as mining revenues decline. In Q2, MARA's revenue fell 27%, while CleanSpark reported a 30.5% drop, reflecting the ongoing challenges facing the mining industry.
As margins tighten, some miners are liquidating Bitcoin holdings to support operations, highlighting the financial pressure across the sector despite long-term optimism for BTC. ⛏️
Major Bitcoin mining companies are continuing to sell part of their BTC reserves as profitability remains under pressure.
Recent on-chain data shows:
🔹 MARA transferred 200 BTC (around $13M) to an exchange.
🔹 Riot Platforms sold 381 BTC (approximately $25M).
The trend comes as mining revenues decline. In Q2, MARA's revenue fell 27%, while CleanSpark reported a 30.5% drop, reflecting the ongoing challenges facing the mining industry.
As margins tighten, some miners are liquidating Bitcoin holdings to support operations, highlighting the financial pressure across the sector despite long-term optimism for BTC. ⛏️
₿ Bitcoin Dips Below $80K on Hot Jobs Data
A stronger-than-expected US payrolls report — 162,000 jobs added — sent yields and the dollar higher, and Bitcoin below $80,000. The logic is straightforward: a resilient labor market keeps Fed rate cuts off the table, and risk assets pay the price. The initial selloff didn't hold uniformly across crypto, but the macro headwind is real. Rate-cut hopes have been the quiet engine behind much of this year's rally — so the question now is how much of that engine just stalled.
A stronger-than-expected US payrolls report — 162,000 jobs added — sent yields and the dollar higher, and Bitcoin below $80,000. The logic is straightforward: a resilient labor market keeps Fed rate cuts off the table, and risk assets pay the price. The initial selloff didn't hold uniformly across crypto, but the macro headwind is real. Rate-cut hopes have been the quiet engine behind much of this year's rally — so the question now is how much of that engine just stalled.
₿ Bitcoin ETFs Pull $999M — Biggest Day in 11 Months
US spot Bitcoin ETFs hauled in $999 million in a single day on Monday — the 9th largest daily inflow on record and the biggest since October 2025. The surge coincided with Bitcoin briefly clearing $87,000, its highest level since January.
Institutional appetite, apparently, didn't hibernate for long.
US spot Bitcoin ETFs hauled in $999 million in a single day on Monday — the 9th largest daily inflow on record and the biggest since October 2025. The surge coincided with Bitcoin briefly clearing $87,000, its highest level since January.
Institutional appetite, apparently, didn't hibernate for long.