Cryptocurrency Digest Aug 2, 2021: News, Analysis & Opinions
💰 Jihan Wu's Matrixport raised $100 million in investment at a valuation of $1 billion.
⛏ Marathon will buy $121 million worth of mining equipment from Bitmain.
📉 Monthly trading volume on popular crypto exchanges fell 32% to $651.2 billion.
✨ MicroStrategy CEO Michael Saylor said that bitcoin will be the basis of technological innovation at Apple, Amazon and Facebook.
💰 Square made a $55 million profit from its Cash App bitcoin service.
💥 Square intends to buy Australian payments company Afterpay for $29 billion.
👍 Bank of America praised El Salvador's adoption of bitcoin.
〽️ Moody's downgraded El Salvador to Caa1, also because of the bitcoin law.
🚀 Stock-to-Flow (S2F) model author PlanB reported that the BTC price has rebounded from the lows and the forecast of $135,000 by year-end is still valid.
💡 Bitcoin miners generated $972 million in revenue in July, up 13.6% from June.
☝️ Ether miners' revenue was down 2.4% to $1.08 billion.