On August 11th, Bitdeer announced its Q2 financial report ending on June 30th, 2023. The total revenue for Q2 was $93.8 million, a 5% increase YoY. The net loss for Q2 was $40.4 million, compared to a net loss of $15.6 million in the same period of 2022. The adjusted profit for Q2 was $2.3 million, and the adjusted EBITDA was $18.7 million. As of June 30th, Bitdeer held cash and cash equivalents of $130.2 million. The total hash rate for Q2 2023 was 18.8 EH/s, with 199,000 mining machines. In Q2 2023, Bitdeer's self-mining business produced 758 BTC, a YoY increase of 45.5%.

Matrixport's Bitcoin Greed and Fear Index, known for predicting trend reversals, suggests a bullish revival in Bitcoin. The index measures investor sentiment, with readings above 90% indicating greed and below 10% indicating fear. The latest data shows the index has risen from 30% to 60%, indicating a tactical bullish signal and a potential uptrend in Bitcoin prices.

Bitcoin has surged 79% this year, marking a positive turn for the cryptocurrency industry. Crime rates in the crypto space have also dropped significantly, with a 65% decrease in flows to known illicit entities and a 42% decrease in inflows to risky entities. However, ransomware attacks remain a threat, with losses of at least $449.1 million through June this year.

On August 11th, according to the Hong Kong Economic Times, Hong Kong-listed company Boyaa Interactive announced that its board of directors has approved a budget of $5 million (approximately HKD 39.098 million) to purchase cryptocurrencies, mainly including Bitcoin (BTC) and Ethereum (ETH), on regulated and licensed trading platforms within the next year to promote the company's future business layout in the Web3 field.

According to Santiment, affluent crypto investors have been accumulating Cardano (ADA) in large amounts, with wallets holding between $10,000 to $100,000 worth of ADA accumulating the largest amount in almost a year.

Bitcoin mining company Riot Platforms announced its financial performance for the three months ending June 30, 2023. The total revenue for the second quarter was $76.7 million, and the hash rate capacity reached a new record of 10.7 EH/s. Riot stated that with operating funds of $408.4 million, including $289.2 million in cash and $221.4 million in undeployed bitcoins (unaudited, assuming a market price of approximately $30,477 per bitcoin on June 30, 2023). <br>

American comedy animated series Futurama has incorporated cryptocurrency into its latest plot. The episode aired on Hulu on August 7th. The episode is set in the year 3023, where people are still mining Bitcoin, but its price is still unstable. Therefore, people are trying to find new ways to make money, such as mining thallium and selling it to miners. The show also jokingly addresses concerns about the high energy consumption involved in Bitcoin mining and features a "cryptocurrency nation" called "Doge City" named after the popular Dogecoin (DOGE).

Bitcoin has been holding steady in a narrow range between $29,000 and $30,000 for several weeks, with experts calling for regulatory clarity in the United States to catalyze a move above $30,000. The low volatility is hindering a breakout, but a falling wedge pattern on the daily chart suggests a potential reversal or continuation of the trend.

According to OKX market data, Bitcoin briefly broke through $30,000 in the early morning today, currently priced at $29,802, with a 24-hour increase of 2.04%.

Preston Pysh, an investor and podcaster, believes that Bitcoin will experience annual gains of 100% compared to fiat currencies. He argues that Bitcoin will become a popular store of value and a hedge against the increasing debasement of fiat currencies such as the US dollar. Pysh predicts that as Bitcoin's value relative to fiat currencies doubles annually, it will become more widely adopted as a payment method. He anticipates that businesses will eventually prefer to be paid in Bitcoin due to the strong debasement of fiat currencies.