Block, Inc. (NYSE: XYZ) has unveiled Proto Rig, a first-of-its-kind modular bitcoin mining system, and Proto Fleet, a free and open-source fleet management software platform, marking a bold step toward decentralizing mining hardware, increasing operational efficiency, and boosting Bitcoin network resiliency.

The announcement took place at Core Scientific’s facility in Dalton, GA, where Proto Rigs are already deployed as part of its mining fleet. This launch represents the first two end-to-end releases from Proto, Block’s suite of bitcoin mining products and services, following its initial chip sale to Core Scientific.

Currently, bitcoin mining hardware faces significant…

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Sequans Communications S.A. (NYSE: SQNS), a leader in cellular IoT semiconductor solutions, has announced a groundbreaking plan to acquire 100,000 Bitcoin by 2030, making it one of the most ambitious corporate treasury strategies in the crypto space. The company first launched its Bitcoin strategy on July 8, 2025, with a $384 million private placement, and as of August 8, already holds 3,171 BTC. This places Sequans among the top 25 publicly traded corporate Bitcoin holders worldwide.

CEO Dr. Georges Karam confirmed that the company has completed its first phase successfully, accumulating more than 3,000 BTC in just one month. He emphasized Sequans’ commitment to “maximize Bitcoin per share and deliver long-term shareholder value” through disciplined and responsible accumulation. The next phase will see Sequans expand its strategy with equity issuance, Bitcoin-backed credit instruments, and potential monetization of intellectual property.

By 2030, Sequans aims to fully optimize its treasury structure with Bitcoin-backed financial products, setting a new benchmark for responsible crypto adoption and institutional credibility.

Source

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the filing for the Invesco Galaxy Spot Solana ETF, a move seen as a major step forward in the push for crypto-based exchange-traded funds. The proposed ETF is designed to track the real-time price of Solana (SOL) and includes a staking feature, with plans for listing on the Cboe BZX Exchange if approved.

This acknowledgment signals the start of a public comment period and marks a key procedural milestone, though it is still far from full approval. Invesco Galaxy’s submission joins a growing list of Solana ETF applications from major asset managers such as VanEck, Bitwise, Grayscale, Canary Capital, CoinShares, Franklin Templeton, and Fidelity. Each has filed updated S-1 registration statements reflecting ongoing coordination with regulators.

Market watchers view these filings and revisions as positive indicators, with some analysts predicting that SEC decisions on Solana ETFs could arrive as early as late August or September, fueling optimism for broader institutional adoption of crypto.

Filing

SpaceX’s bitcoin stash has once again crossed the $1 billion threshold as the cryptocurrency hit a fresh all-time high on Wednesday. Data from Arkham Intelligence shows Elon Musk’s space company holds 8,285 BTC, now worth about $1.02 billion, as bitcoin surged past $124,000. This marks a return to billion-dollar levels after the company previously reduced its exposure in 2022 following market turbulence.

Back in April 2021, SpaceX held nearly 28,000 BTC valued at $1.8 billion before trimming its position during the Terra-Luna crash and FTX collapse. Tesla also downsized its bitcoin holdings around the same time but still holds 11,509 BTC, valued at $1.42 billion. Neither company has added new bitcoin since those reductions, according to Arkham’s data.

Bitcoin’s latest rally has propelled it to become the world’s fifth largest asset by market capitalization, overtaking Google. Analysts credit the surge to optimism around a possible U.S. interest rate cut in September, following cooler inflation data. With growing institutional interest, crypto markets appear more bullish than ever.

Data

Bitcoin’s price climbed above $123,000 today, according to data from Bitcoin Magazine Pro, putting it just shy of breaking its current all-time high of $123,180 set on July 14, 2025. The move comes amid surging institutional interest, record corporate holdings, and growing national-level profits from BTC adoption.

Coinciding with Bitcoin’s rise in price, today marked a major milestone for Michael Saylor’s Bitcoin-heavy firm, Strategy, whose BTC holdings closed at an all-time high valuation of $77.2 billion. Saylor announced on X that this represents a jump of $35.4 billion from the firm’s previous peak of $41.8 billion in 2024. Strategy’s aggressive accumulation strategy has…

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Major developments in both the Tornado Cash and Samourai Wallet trials that took place earlier this month may set dangerous precedents for the Bitcoin and crypto industry as a whole. The two defendants who developed Samourai Wallet, a popular Bitcoin privacy app, made a plea deal accepting the charges of being an unlicensed money services business, while Roman Storm, developer of Tornado Cash, an Ethereum smart contract that also unlocked financial privacy for its users, was found guilty on one of three charges — that of being an unlicensed money services business.

The irony? Both of these companies were started after FINCEN, the U.S. institution that regulates money transmitters,…

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Bitcoin surged above $122,000 today, leaving it only about 1% away from setting a new all-time high, according to data from Bitcoin Magazine Pro. The current record of $123,180, set on July 14, 2025, could be broken at any moment given Bitcoin’s trademark volatility. With institutional adoption continuing to rise and demand for BTC accelerating, a new record may arrive sooner rather than later.

Adding to this momentum, whale accumulation has hit unprecedented levels. As of yesterday, the number of addresses holding over 100 BTC reached a new all-time high of 18,996, surpassing the previous peak of 18,544 from February 26, 2017. Bitcoin Magazine Pro’s chart shows a steady…

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What is the Lightning Network? It is generally spoken about in analogies, metaphors or direct explanations of purpose. 

“It’s the checking account, versus on-chain as the savings account.”

“It’s a series of tubes like the internet, with bitcoin flowing through them.”

“It’s a quick, instant-settlement layer of bitcoin.”

What it really is is a network of payment channels, where people lock bitcoin into a multisignature address, and update the state of balance distributions off-chain. It’s how we are going to scale Bitcoin — or at least part of how we are going to scale Bitcoin. 

In the short “Explainer” series in this magazine, I explain…

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