Marathon Digital posted impressive Q2 results with $238 million in revenue—up 64%—and a staggering $808 million in net income. A key driver? Its 50,000 BTC stash, now worth over $5.8 billion, continues to anchor investor confidence.
Despite those numbers, not everyone’s convinced. Compass Point analysts kept a “neutral” rating, raising concerns about Marathon’s AI pivot. The firm’s partnerships with TAE Power Solutions and LG-backed PADO AI may expand its tech footprint.
Still, critics argue they bring rising costs without immediate upside, especially when rivals are profiting from high-performance computing (HPC).
Marathon’s global ambitions, including sovereign joint ventures to tap stranded energy and boost non-U.S. revenue to 50%, show a long-term vision. Yet for now, the stock sits just below its $18 target, up 3% to $17.11 on earnings optimism but weighed by investor skepticism around its AI strategy.
Q2 Revenue: $238M (↑64%)
Net Income: $808M
Bitcoin Holdings: 50,000 BTC
Share Price: $17.11 (↑3%)
Indonesia Hits Miners, Spares Buyers
Starting August 1, Indonesia’s crypto tax shake-up takes effect, delivering a mixed bag for the market. The new rules:
Triple VAT on crypto mining to 2.2%
Boost tax on domestic exchange trades to 1%
Raise tax on offshore trades to 0.21%
Eliminate the 0.1% special mining tax in 2026
In a surprise move, crypto buyers, particularly those acquiring assets classified as securities, will be exempt from VAT altogether. The aim, according to Finance Minister Sri Mulyani, is to align with global tax norms while providing clarity for local participants.
The result? Short-term pressure on miners and sellers, but potentially increased demand from retail buyers, which could keep Bitcoin’s floor stable around $116K.
U.S. Crypto Policy Report Looms Large
The White House is set to reveal its first formal crypto policy report following a 180-day review of Executive Order 14178. Led by Bo Hines, Trump’s crypto chief, the document will cover:
Stablecoin regulations
Digital asset jurisdiction
National security safeguards
Access to banking for crypto firms
What’s grabbing headlines is the forecasted disclosure of U.S. government-held Bitcoin, 198,012 BTC valued at over $23.2 billion. Seized by the FBI and DOJ, this massive trove underscores the government’s deepening crypto exposure.
The timing is pivotal. Alongside new legislation like the Anti-CBDC Act and GENIUS Act, the report may spark a fresh wave of institutional confidence. Analysts liken this to crypto’s “ChatGPT moment”—a surge in regulatory legitimacy that could anchor long-term bullish sentiment.
Bitcoin (BTC/USD) Teeters Near Triangle Apex
On the 4-hour chart, Bitcoin is forming a textbook symmetrical triangle, pressing between falling highs from $125K and rising lows from early July. This consolidation pattern typically precedes a breakout, but momentum is fading.
Bitcoin Price Chart – Source: Tradingview
Key Resistance: $118,280 and $120,300
Support Zone: $116,500 and $114,530
BTC is trading under the 50-period SMA ($118,145), which has flipped into resistance. RSI is weakening, currently at 39.20 with no bullish divergence in sight.
Notably, a three black crows pattern has emerged, and repeated upper wick rejections near $118K suggest sellers are in control.
If the price closes below $116,500 with volume, expect a drop toward $114,532 or even $111,799. Conversely, a confirmed breakout above $120,283 could trigger a run to $122,845.
Bitcoin Hyper Presale Over $5.9M as Price Rise Nears
Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has raised over $5.9 million in its public presale, with $5,961,430 out of a $7,004,929 target. The token is priced at $0.012475, with the next price tier expected to be announced soon.
Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.
The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction.
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