Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Bitcoin’s corporate adoption increasingly resembles the “nationalization path” of gold leading up to 1971, according to Willy Woo. Bitcoin maximalist Samson Mow predicts Ether investors will rotate capital back into Bitcoin once ETH goes high enough, leaving a new generation of “bagholders,” and World Mobile launched a drone-based network to provide 5G service.
Corporate crypto treasuries have surged past $100 billion, raising concerns among analysts that the United States may one day nationalize some of these holdings in a move reminiscent of the gold standard era.
Corporate crypto treasuries have surpassed $100 billion of digital asset holdings, with Bitcoin (BTC) treasury firms amassing 791,662 BTC worth roughly $95 billion by the end of July, representing around 3.98% of the circulating supply.
