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Bitcoin miners MARA and CleanSpark post double-digital revenue drops as AI infrastructure pivot continues
Bitcoin miners turned AI infrastructure providers MARA and CleanSpark reported softer quarterly results Thursday. MARA posted Q2 2026 revenue of $174.9 million, down 27% from $238.5 million a year earlier, while CleanSpark reported $138.0 million for the fiscal quarter ended June 30, a 30.5% decline from $198.6 million.
MARA's net loss widened to $611.3 million (or $1.60 per diluted share) versus net income of $808.2 million a year earlier; adjusted EBITDA swung to a $360.9 million loss. MARA mined 2,422 $BTC and sold 2,213 $BTC, saw energized hashrate rise 22% to 70.3 EH/s, and its treasury fell 29% to 35,577 $BTC (about $2.1 billion).
CleanSpark posted a $239.8 million net loss and a $113.0 million adjusted-EBITDA loss, including a $116.3 million fair-value bitcoin loss; it held $202.6 million in cash and $814.9 million in bitcoin as of June 30, with total assets of $2.7 billion and $1.8 billion long-term debt. Both firms said they are expanding AI/high-performance computing capacity and power portfolios — MARA cited the Long Ridge acquisition and a 2 GW Matagorda site, while CleanSpark highlighted a 20-year $6.6 billion lease — and their shares fell (MARA ~$10.67, CleanSpark ~$12.69).
Morgan Stanley “buy the dip” increased holdings by 100 BTC, total holdings exceeded 6,300 BTC for the first time
On August 7, according to Arkham's latest monitoring data, Morgan Stanley once again “bought the dip,” increasing its holdings by $7.21 million to acquire approximately 100.3 $BTC through its spot Bitcoin ETF MSBT. As of now, its total Bitcoin holdings have exceeded 6,300 $BTC for the first time, currently reaching 6,331 $BTC, worth more than $406 million.
Cathie Wood's Affiliated Funds Increased Holdings in Circle
According to newly disclosed transaction data from Ark Invest, Cathie Wood's funds sold a combined total of 109,492 shares of Palantir (PLTR) on August 4 and 5, valued at approximately $17 million based on the latest closing price. Palantir previously reported second-quarter revenue increased by 93% year-over-year to $1.94 billion, and raised its full-year performance guidance, driving the stock to surge nearly 30% in a single day after the earnings release.
Additionally, Cathie Wood recently increased her holdings in Circle (CRCL), SpaceX (SPCX), and NVIDIA (NVDA), while reducing positions in Shopify (SHOP) and Roblox (RBLX). (The Street)
Polymarket upgrades crypto prediction market and launches $1 million liquidity rewards
Polymarket Traders tweeted that its crypto prediction market has been upgraded, now supporting 5-minute, 15-minute, and hourly trades, and using time-weighted average price (TWAP).
In addition, Polymarket will provide a total of $1 million in liquidity rewards for markets related to $BTC, $ETH, $SOL, $XRP, $HYPE, $BNB, and DOGE.
Analyst: Bitcoin accumulation addresses saw inflows exceeding 38,000 BTC in a single day, but this does not necessarily constitute a clear bullish signal
On August 7, CryptoQuant analyst abramchart pointed out that over 38 thousand $BTC have flowed into accumulation addresses in a single day recently, typically associated with long-term holders and off-exchange settlements. On the surface, this inflow appears positive, but it does not necessarily constitute a clear bullish signal.
The average holding cost of these accumulation wallets is currently around $70,000, while the current Bitcoin price is approximately $64,000. The analysis suggests that this capital could either represent large holders positioning ahead of the next upward move, or it could be part of a strategy to gradually lower their average cost through continuous buying, aiming to break even when the price rebounds near $70,000. The $70,000 range will be a critical point to watch—whether these addresses continue accumulating or shift toward distribution—potentially providing a clearer signal for Bitcoin's next phase of trend.
Bitcoin & Ethereum Spot ETF Flow
Bitcoin Spot ETF saw a total net inflow of 128.69M USD yesterday, marking a 4 days of consistent inflow
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 128.69M USD yesterday (Eastern Time, August 6th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 128.33M USD, and the total historical net inflow of IBIT currently stands at 61.09B USD.
The second highest was Morgan Stanley's ETF MSBT, with a daily net inflow of 14.94M USD, and the total historical net inflow of MSBT currently stands at 429.07M USD.
The Bitcoin Spot ETF with the highest net outflow yesterday was VanEck's ETF HODL, with a daily net outflow of 32.77M USD, and the total historical net inflow of HODL currently stands at 1.10B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 78.77B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.09%. The historical cumulative net inflow has reached 52.08B USD.
The total net inflow of Ethereum spot ETF yesterday was $92.1509 million, continuing for 3 days of net inflow
According to SoSoValue data, on yesterday (August 6, Eastern Time), the total net inflow of Ethereum spot ETFs was $92.1509 million.
The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF ETHA, with a single-day net inflow of $81.1376 million; ETHA's cumulative historical net inflow now stands at $11.611 billion. Second was Grayscale's Ethereum Mini Trust ETF $ETH, with a single-day net inflow of $4.5496 million; $ETH's cumulative historical net inflow now stands at $1.804 billion.
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