What is the latest news on BTC?
Bitcoin sees bullish corporate accumulation and adoption strides, though altcoin momentum and technical gaps introduce near-term caution.
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- Metaplanet adds 780 BTC ($92.5M) – now 7th largest corporate holder
- Grab enables BTC payments in Philippines via Triple-A partnership
- ETH inflows outpace BTC – $11.2B July institutional shift to alts
1. Business & partnerships
Metaplanet acquired 780 BTC ($92.5M) on July 28 at $118,622/BTC (Metaplanet), continuing its 2025 buying spree targeting 1% of BTC supply by 2027. Grab partnered with Triple-A to allow BTC payments for 33M Filipino users (Grab), mirroring its 2024 Singapore rollout. Sequans bought 755 BTC ($88.5M) on July 28, joining MicroStrategy and Tesla in corporate treasury plays.
2. Market metrics
Bitcoin faces institutional rotation risks as Ethereum products drew $11.2B in July inflows vs BTC’s $175M outflows (CoinShares). ETH/BTC spot volume ratio crossed 1 for first time since June 2024 (CryptoQuant), signaling altcoin momentum. BTC dominance holds at 60.07% despite these pressures.
3. Technical developments
Lombard Finance launched LBTC on Tezos’ Etherlink L2 (Lombard), enabling Bitcoin staking across 5+ chains. The CME gap at $118,622 was filled amid Galaxy Digital’s 30K BTC transfer (TMTG), though analysts debate its predictive power given BTC’s $119K stability.
Conclusion
Corporate HODLing and Asian payment adoption counterbalance altcoin rotation and technical uncertainties. While BTC retains dominance, Ethereum’s record inflows suggest traders are hedging bets.
