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From liquidations to tariffs, from Algeria to South Korea, we’re tracking today’s most important crypto and AI stories as they unfold. This article will be updated throughout the day.
7:00 am
Strategy Predicts Bitcoin Will Hit $150,000 by Year-End 2025
Strategy (MSTR), the largest corporate holder of Bitcoin, reported Q2 operating earnings of $14 billion and net income of $10 billion, driven by a 30% rise in BTC prices during the quarter.
The company now holds 628,791 BTC and expects Bitcoin to reach $150,000 by the end of 2025. Strategy has raised its full-year BTC yield target to 30% and forecasts $34 billion in operating income and $24 billion in net income.
The firm plans to raise an additional $4.2 billion through a preferred stock offering to buy more Bitcoin under its “42/42” plan. CEO Phong Le said Strategy is among the most misunderstood and undervalued stocks in the S&P 500 despite posting the ninth-highest operating income among its peers. Strategy’s software unit generated $114 million in revenue, while its BTC dollar gain now exceeds $13 billion. MSTR shares closed at $401.86 and dipped 1.4% in after-hours trading.
9:00 am
$630M Liquidated in Past 24 Hours as Bitcoin Dips Below $115K
Crypto liquidations totaled $630.64 million in the past 24 hours as Bitcoin fell below $115,000. Data from CoinGlass showed that 158,291 traders were liquidated.
- Long positions made up $569.11 million of the total, while shorts accounted for $61.53 million.
- The largest single liquidation, valued at $13.79 million, occurred on Binance in the ETHUSD perpetual market.
- Binance recorded $146.17 million in total liquidations, followed by Bybit with $137.11 million and Gate.io with $49.33 million.
- Bitcoin and Ether accounted for the most liquidations, with $68.79 million and $75.53 million, respectively.
The drop followed a stronger-than-expected U.S. inflation report, which lowered the odds of a September Fed rate cut and weighed on risk assets.
10:00 am
Coinbase Reports $1.43B Q2 Profit, Holds $1.26B in Bitcoin
Coinbase (COIN) posted a $1.43 billion net profit in Q2 2025, up from $36 million a year earlier.
- The exchange disclosed holding 11,776 bitcoin worth $1.26 billion, nearly double its BTC investment from year-end 2024.
- Ethereum holdings stood at $340 million.
- Revenue reached $1.5 billion, with $764 million from transaction fees and $656 million from subscriptions and services.
The company also reported a $307 million impact from a security incident in May, which it said was fully absorbed.
Coinbase confirmed it acquired a MiCA license during the quarter and plans to close a $700 million acquisition of Deribit, a crypto derivatives exchange, by year-end.
11:00 am
OKX CEO Star Xu Reflects on Ethereum’s 10-Year Journey, Highlights OKX’s Commitment to ETH Ecosystem
Star Xu, CEO of crypto exchange OKX, published a personal tribute marking Ethereum’s 10th anniversary that reflected on his early encounter with Vitalik Buterin and the network’s evolution into a foundational layer for decentralized finance, NFTs, and onchain identity.
- Xu admitted initial skepticism when Buterin pitched ETH to OKX pre-launch but praised Ethereum’s role in reshaping digital trust and programmable finance over the past decade.
Xu highlighted OKX’s continued alignment with Ethereum’s principles and pointed to its ZK-based Proof of Reserves system and its development of “X Layer,” a Layer 2 chain built using Polygon’s CDK.
- He reaffirmed OKX’s intent to integrate its OKB token as the gas currency for X Layer and cited broader support for Ethereum tools, L2s, and wallet infrastructure.
- Xu said OKX remains committed to Ethereum’s long-term scaling roadmap and pledged ongoing investment in ETH-native technologies, including EIP-7702 and smart contract wallet upgrades.
This article will be updated throughout the day: $630M Liquidated as Bitcoin Dips Below $115K | BitPinas Live Crypto Updates | Aug. 01, 2025
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