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Cathie Wood’s Ark Invest has increased its exposure to Block Inc., purchasing $19.2 million worth of shares across three of its exchange-traded funds as the fintech firm expands its Bitcoin holdings.

According to Ark’s latest trading disclosure, the ARK Innovation ETF (ARKK) acquired 152,980 shares, the ARK Next Generation Internet ETF (ARKW) bought 69,526 shares, and the ARK Fintech Innovation ETF (ARKF) purchased 39,957 shares on Monday. In total, Ark added 262,463 Block shares.

Block’s stock closed down 0.49% at $73.03 on Monday, marking its lowest finish since July 18. The share price has fallen 4% over the past week but remains up 12% over the past month.

Bitcoin Strategy Gains Momentum

The investment from Ark comes as Jack Dorsey’s Block advances its corporate Bitcoin strategy, a move increasingly mirrored by other major companies in what industry observers call the “Saylorization” trend. SEC filings show that Block purchased an additional 108 BTC in the second quarter, valued at approximately $12.58 million at current prices.

Following the acquisition, Block now holds 8,692 BTC — worth over $1 billion — making it the 13th largest public company by Bitcoin holdings, according to Bitcoin Treasuries data. The company retains Bitcoin both as a long-term investment and to facilitate customer transactions through its Cash App platform.

Bitcoin advocate Max Keiser recently told BeInCrypto that corporations must follow MicroStrategy’s lead in accumulating BTC.

“For corporations to survive, they must mimic the Strategy’s process, they must ‘Saylorize’ or die,” Keiser said, adding that widespread adoption could push Bitcoin to $2.2 million per coin.

Block’s Bitcoin integration spans multiple subsidiaries. Cash App recorded $10 billion in Bitcoin revenue in 2024 and incorporates Lightning Network payments, while Square enables U.S. merchants to accept BTC. Bitkey, another Block unit, offers self-custody hardware wallets aimed at everyday users.

Strong Earnings, Higher Forecast

Ark’s latest purchase coincides with strong second-quarter results from Block. The company reported $6.05 billion in total revenue for the quarter, with gross profit rising 14% year-on-year to $2.54 billion. Bitcoin-related activity through Cash App contributed significantly to these gains.

Net income attributable to common stockholders jumped to $538.46 million, up from $195.27 million in the same quarter last year. The results exceeded Wall Street expectations, prompting Block to raise its full-year gross profit forecast to $10.17 billion from its earlier $9.96 billion guidance.

Bloomberg reported that steady payment processing volumes through Square’s merchant network and growth in Cash App’s lending products were key drivers behind the earnings beat. The combination of expanding fintech services and an aggressive Bitcoin accumulation strategy has reinforced investor confidence.

However, the company recorded a $212.17 million revaluation loss on its Bitcoin holdings due to a decline in the cryptocurrency’s fair market value. Analysts say this reflects the accounting impact of Bitcoin’s volatility, not necessarily a change in Block’s long-term strategy.

On Tuesday, Block’s shares traded mostly in the $73~$75 range, like it did on Friday and Monday, closing at $74.39, 1.86% up from the previous day. Ark Invest’s latest move signals its conviction in both Block’s fintech ecosystem and Bitcoin’s long-term value proposition. Wood has been a consistent advocate for disruptive innovation plays, and Block’s combined growth in digital payments and crypto adoption fits squarely into that strategy.

The post Ark Invest Boosts Block Inc. Stake Amid Bitcoin Accumulation appeared first on BeInCrypto.

Bitcoin Cash has defied the broader crypto market downturn of the past 24 hours to record a modest 3% gain. 

The move marks a continuation of BCH’s recent rally, which began on August 3. Trading at $590.30 at press time, the altcoin’s price has since soared 14% and is poised to keep increasing. 

BCH Defies Bears; Key Liquidity Zone Could Unlock Fresh Upside

An assessment of BCH’s liquidation heatmap has revealed a concentration of liquidity at the $603 price zone.

A liquidation heatmap tracks clusters of leveraged positions in the market and highlights where large amounts of open interest could be triggered into buying or selling if the price reaches those levels. These areas of high liquidity are often color-coded to show intensity, with brighter zones representing larger liquidation potential.

When liquidity is concentrated above an asset’s current price, it indicates a potential “magnet” effect, where traders push the price upward to trigger liquidations and unlock that liquidity. 

For BCH, the $603 zone could act as such a target, fueling further upside if bullish momentum persists.

Further, BCH’s climbing Relative Strength Index (RSI), which stands at 59.54 at press time, confirms this bullish outlook. 

The RSI measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and could be due for a price correction, while values under 30 indicate that the asset is oversold and may be primed for a rebound.

At 59.54 and rising, BCH’s RSI reflects strengthening bullish momentum. If it remains below the overbought threshold of 70, a sustained RSI uptrend with improving market sentiment would allow BCH’s price to see further upside.

Bitcoin Cash Poised for Breakout 

Sustained buy-side pressure could push BCH’s price above the psychological $600 mark. If the altcoin establishes strong support near this price level, it could extend its rally toward $602.20.

However, if profit-taking resumes, BCH eyes a decline to $556.40.

The post BCH Price Holds Steady During Market Slide — What Next for Bitcoin Cash? appeared first on BeInCrypto.

Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space.

Kazakhstan debuts Central Asia’s first Bitcoin ETF while Vietnam partners with Korea’s Upbit for crypto exchange development. Meanwhile, Japan’s Quantum Solutions expands Bitcoin treasury holdings, signaling growing institutional adoption across the region.

Kazakhstan Debuts Central Asia’s First Bitcoin ETF

Fonte Capital launched BETF, Central Asia’s inaugural spot Bitcoin exchange-traded fund, on Astana International Exchange. The physically-backed ETF provides regulated cryptocurrency exposure through BitGo custody services with $250 million insurance coverage.

Kazakhstan capitalizes on its position as a major Bitcoin mining hub following China’s 2021 ban. The dollar-priced fund offers institutional and retail investors direct Bitcoin access without managing private keys. BETF represents Kazakhstan’s strategy to diversify its financial sector and attract foreign capital through progressive digital asset regulations.

Upbit Partners with Vietnam’s Military Bank for Crypto Platform

Dunamu, operator of Korea’s top cryptocurrency exchange Upbit, signed an MOU with Vietnam’s Military Bank to establish a Vietnamese crypto trading platform. High-level Vietnamese officials, including Defense Minister Phan Van Giang and Finance Minister Nguyen Van Thang, visited Upbit’s Seoul headquarters to inspect trading systems and security infrastructure.

Military Bank, Vietnam’s fourth-largest bank with 30 million customers, will leverage Upbit’s technology and regulatory expertise. The partnership addresses Vietnam’s growing crypto market of 20 million holders generating $800 billion annual trading volume, supporting the nation’s digital financial transformation initiatives.

Japanese Tech Firm Quantum Solutions Expands Bitcoin Holdings Strategy

Quantum Solutions (TSE: 2338), a Tokyo-listed technology company, announced its Hong Kong subsidiary completed additional Bitcoin acquisitions totaling 8.96 BTC worth $1.034 million. The firm specializes in AI technology, next-generation data center infrastructure, and Web3 applications development.

Led by CEO Francis Bing Rong Zhou, Quantum Solutions operates as an innovative holdings platform bridging capital and technology across Asia. The company implements daily Bitcoin acquisition reviews as part of its comprehensive digital asset reserve strategy, positioning itself as a pioneer in cryptocurrency financial services while maintaining strict compliance standards.

Asia Pacific Morning Digest

Ethereum Exchange Reserves Sink—Is All-Time High Imminent? One of the most important indicators to watch during a strong uptrend is exchange reserves, the total amount of ETH held on centralized exchanges. When reserves are high, there’s more potential selling pressure. When they’re low, supply is tight, and any surge in demand can push prices up quickly.

Near Protocol Flips Solana: Why NEAR Token May Be Undervalued: Near Protocol (NEAR) has surged past Solana in daily active users, with the milestone putting the Layer-1 (L1) blockchain in the spotlight.

Ethereum Whales and Public Companies Are Buying Big: Data shows that many public companies and crypto whales are ramping up their ETH holdings, while on-chain activity is heating up. These factors provide a solid foundation for ETH’s bullish momentum, with analysts setting short-term price targets as high as $7,000.

Do Kwon Might Receive a 12 Year Prison Sentence After Guilty Plea: The presiding Judge, Paul Engelmayer, emphasized that Kwon must pay $19 million in penalties and accept culpability for Terraform’s criminal activities.

Bitcoin Helps a Fast Food Chain Overthrow McDonald’s and Domino’s: Steak ‘n Shake had a large increase in sales last quarter, and the company credits Bitcoin for its success. The firm began accepting BTC payments in stores across several countries, and it’s interested in more upgrades.

The post Kazakhstan Launches Bitcoin ETF, Vietnam Leaders Visit Upbit, and More appeared first on BeInCrypto.

Pantera Capital disclosed for the first time that it has so far invested $300 million in digital asset treasury companies (DATs), according to its Blockchain Letter published August 12.

Pantera: DATs Deliver Higher Yields Than Spot Holdings

Pantera’s DAT portfolio includes investments in BitMine Immersion, Twenty One Capital, DeFi Development Corp, SharpLink Gaming, Satsuma Technology, Verb Technology Company, CEA Industries, and Mill City Ventures III.

The companies hold major cryptocurrencies including Bitcoin, Ethereum, Solana, BNB, TON, Hyperliquid, Sui, and Ethena, with operations spanning the U.S., U.K., and Israel.

Pantera argues that DAT investments deliver superior risk-adjusted returns compared to holding cryptocurrencies directly.

“DATs can generate yield that compounds net asset value per share, leading to accretive token exposure over time versus simply holding spot,” Pantera stated.

BitMine Immersion, Pantera’s first DAT investment and flagship example, is chaired by Fundstrat’s Tom Lee. The company targets controlling 5% of Ethereum’s total supply.

Since adopting its treasury strategy, BitMine has become the largest ETH treasury holder and third-largest DAT globally, holding 1.15 million ETH valued at $4.9 billion as of August 10. BitMine ranks as the 25th most liquid U.S. stock, averaging $2.2 billion in daily trading volume.

Pantera compares DAT valuations to traditional banks, arguing that premium valuations are justified when investors trust a company’s ability to grow net asset value sustainably.

“The highest quality banks trade at a premium to NAV (or book value), such as JPM at >2x,” Pantera explained. “Similarly, investors may choose to value a DAT at a premium to NAV if they believe it can sustainably grow NAV per share.”

The post Pantera Invests $300 Million in Crypto Treasury Firms appeared first on BeInCrypto.

Taking place at a pivotal time for the American crypto industry, the 8th annual conference is set to make a huge impact this November 5 – 6, 2025.

Blockchain Futurist Conference returns for its eighth edition on November 5-6, 2025, bringing its signature Web3 experience to
Greater Miami, Florida. The event will take place at the iconic Hard Rock Guitar Hotel and DAER, offering a unique mix of quality programming and immersive networking.

For more than seven years, Futurist Conference has redefined what a Web3 event can be, earning a reputation for sparking high-value conversations in immersive, unconventional settings.

Now, with momentum accelerating across the industry and regulatory clarity beginning to take shape in the United States, the timing for its U.S. expansion could not be better. The Miami edition continues that legacy in a city rapidly establishing itself as a global hub for Web3 innovation.

The first wave of speakers for Futurist Miami has officially been announced, representing some of the most influential names across crypto, blockchain, AI, and emerging tech:

• Mike Belshe, Co-Founder and CEO, BitGo
• Shaw Walters, Founder, Eliza Labs
• Luca Netz, CEO, Pudgy Penguins
• Lisa Loud, Executive Director, Secret Network
• Evan Kuhn, President, DeLorean Labs
• Justin Sun, Founder, TRON
• Janet Adams, COO, SingularityNET
• Dean Skurka, President and CEO, WonderFi
• Clara Tsao, Founding Officer, Filecoin Foundation
• Todd Shapiro, Co-Founder and CEO, Red Light Holland
• Trevor Koverko, Co-Founder, Sapien
• Toufi Saliba, CEO, HyperCycle.ai

This lineup showcases the caliber of content attendees can expect, with over 300 speakers set to take the spotlight across four epic stages.

Current top sponsors include Tangem Wallet, ZKDL, DeLorean Labs, Sullivan Hart, and Nexa, with additional announcements to come. Media partners such as Paul Barron Network, The Defiant, Genzio, Blockchain North, Market Across, and Melrose PR will be in participating. Conference goers can expect tons of on-site interviews and coverage throughout the two days.

Futurist Conference Miami will also feature thousands of attendees, on-site side events, multi-level expo floors, and VIP private outdoor cabanas. The experience will include a curated NFT gallery by BitBasel, showcasing both digital and physical art.

In keeping with Futurist’s Web3-native approach, attendees can purchase tickets using major cryptocurrencies like Bitcoin, Ethereum, and Solana, thanks to their payment partner EukaPay. This on-chain integration reinforces the event’s commitment to the ecosystem it serves.

Less than three months remain until industry leaders, innovators, and changemakers gather in Miami. Be part of the movement, apply to speak, sponsor, or secure your tickets now.

For sponsorship: https://www.futuristconference.com/sponsorship-form
For speaking: https://www.futuristconference.com/speaker-form
For tickets: https://www.futuristconference.com/florida/ticket

The post First Speakers Announced for Blockchain Futurist Conference Miami, the Next Major Web3 Event in the U.S. appeared first on BeInCrypto.