Bitcoin (CRYPTO: $BTC) is up 1% on July 10 and headed for a winning week as cryptocurrencies shake-off renewed tensions in the Middle East.
BTC is trading at $63,900 U.S. late on Friday after experiencing volatility in recent days as the U.S. and Iran renewed attacks on each other, leading to a spike in oil prices and rattling financial markets around the world. However, Bitcoin has shaken off the volatility and risen near its highest level in the past month.
Other cryptocurrencies are also ending the week on a high note, with Ethereum (CRYPTO: $ETH) up 2% and trading near $1,800 U.S., its highest level since the start of June. Investors were focused on the July 10 U.S. initial public offering (IPO) of South Korean chipmaker SK Hynix, whose shares began trading on the Nasdaq (NASDAQ: $NDAQ) exchange under the ticker symbol “SKHY.”
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Markets also appear upbeat as second-quarter earnings season gets underway. The big U.S. banks such as JPMorgan Chase (NYSE: $JPM) and Goldman Sachs (NYSE: $GS) report their Q2 financial results next week. Bitcoin has now risen 5% in the past month, although its price remains rangebound between $60,000 U.S. and $65,000 U.S.
Here’s what else happened in the crypto sector over the past week…
Strategy Sells $216 Million Worth Of Bitcoin: Strategy (NASDAQ: $MSTR) increased its Bitcoin sales, offloading $216 million U.S. worth of the largest cryptocurrency. Strategy, led by Chairman Michael Saylor, sold 3,588 Bitcoin for net proceeds of $216 million U.S., reducing its holdings to 843,775 BTC, according to a U.S. regulatory filing. The company said proceeds from the Bitcoin sales will be used to fund dividend payments on its preferred stock (NASDAQ: $STRC). Strategy now owns 843,775 BTC acquired for $63.69 billion U.S.
Losses From Crypto Hacks Fall Below $1 Billion: A new report says that financial losses stemming from cryptocurrency hacks were below $1 billion U.S. in this year’s first half. The report from Immunefi says that cryptocurrency projects lost $972 million U.S. from 207 hacks in the first half of 2026. The total losses were less than half of what the industry lost in the first six months of 2025, says the report. While attacks on crypto companies, exchanges, and wallets are becoming more frequent, the hacks are becoming less costly per event.
Anthropic Leases TeraWulf Data Centre: Artificial intelligence (A.I.) startup company Anthropic has signed a 20-year lease to use a TeraWulf (NASDAQ: $WULF) data centre located in Kentucky. The data center will have capacity for 400 megawatts of power when it comes online in 2027. The lease is expected to generate around $19 billion U.S. of revenue for TeraWulf, a cryptocurrency mining company that has pivoted to A.I. data centres.
Ethereum Network Prepares For Rebuild: Ethereum co-founder Vitalik Buterin has announced a new multi-year plan to rebuild nearly every major part of the cryptocurrency’s network. Buterin is calling the rebuild “Lean Ethereum” and says it will be the biggest update and change to the ETH network since the 2022 “Merge.” The ambitious new plan is a technical framework for the network’s next decade, built around superior cryptography and security. Enhancing the privacy of blockchain networks is a “first-class goal,” said Buterin.
Binance Offers Yield To Bitcoin Owners: Crypto exchange Binance has introduced a new product that offers yield to owners of Bitcoin. Holders of BTC looking to earn yield on their investment without selling any of it can maximize their returns through Binance’s new “BTC Yield” product. Users deposit their Bitcoin into BTC Yield and receive an internal position called “BTCY.” Binance holds the deposited Bitcoin as collateral while systematically selling BTC call options. Basically, Binance is running a “covered-call strategy” on users’ Bitcoin holdings.
Gemini Offers Zero-Commission Stock Trading: Crypto exchange Gemini (NASDAQ: $GEMI) is offering zero-commission stock trading in the U.S. Gemini, run by twin brothers Cameron and Tyler Winklevoss, is offering 0% commission on stock trading in most U.S. states. The move comes as crypto exchanges such as Gemini look to expand their offerings beyond Bitcoin to stocks, bonds, and commodities trading. Gemini said that it is looking to become an “all-in-one financial super app.”
Polymarket Launches U.S. Campaign: Leading prediction market Polymarket is launching a marketing campaign in the U.S. as it re-enters America after a four-year ban. The company has started a campaign to persuade policymakers, regulators, and users that it is a trustworthy organization. According to media reports, Polymarket is working with social media influencers to produce viral marketing on TikTok and other platforms.
Kraken Relaunches Mobile App With Agentic Trading: Crypto exchange Kraken is relaunching its mobile app with new agentic trading features. In a blog post, Kraken said, “Unlike other trading platforms, this won’t be an AI assistant or a copilot bolted onto the old version of the app.” Kraken is not the only crypto exchange looking to A.I. to revitalize its app and trading experience. Gemini was the first major U.S. firm to open its platform and app to agentic A.I. earlier this year.
New Hampshire Cancels Bitcoin Bond Sale: New Hampshire has canceled its plans to undertake a $100 million U.S. Bitcoin bond sale. The cancellation comes after Moody’s (NYSE: $MCO) had rated the Bitcoin bond, giving it a Ba2 rating. New Hampshire had been looking to back a private-sector bond of up to $100 million U.S. tied to Bitcoin mining company CleanSpark (NASDAQ: $CLSK).
Cardano Founder Criticizes Ethereum: Charles Hoskinson, the founder of digital asset Cardano (CRYPTO: $ADA), has criticized the Ethereum Foundation’s innovation strategy. Hoskinson has accused the Ethereum Foundation of copying Cardano’s biggest innovation, its Extended Unspent Transaction Output (EUTXO) model. Hoskinson said that Ethereum’s upgrade strategy is illegal as it borrows too liberally from Cardano’s playbook. The fight erupted after Ethereum co-founder Vitalik Buterin earlier this week promoted his “Lean Ethereum” roadmap.
