DATADATA Network Price

The number of tokenized stock holders has reached a record 766,366, surging 93% in 30 days and 527% year-to-date, according to rwa.xyz. This sharp increase is largely driven by the launch of Robinhood Chain, whose tokens now occupy 15 of the top 25 slots and account for over a third of all holders. Top holdings include NVIDIA, Apple, SpaceX, Alphabet, and Tesla. However, the data reveals significant concentration and duplication. For instance, NVIDIA is held across three different issuers, totaling 112,959 holders (~15% of the total). Similarly, the top five names combined represent 39% of all holders, while broad market index tokens constitute less than 5%. Notably, SpaceX tokens remain popular despite the company's recent public listing. Supporting metrics show a mixed picture: while the distributed value grew 16% to $1.87B, monthly transfer volume fell 31.5% to $6.12B, indicating more wallets but less activity per position.

Hyperscale Data (GPUS), a Las Vegas-based public company, sold 100 Bitcoin for approximately $6.5 million to help fund a $3 billion AI data center project in Dowagiac, Michigan. The sale reduces its Bitcoin holdings from about 1,106 BTC to 1,006 BTC. The company also secured a new credit line, using its remaining Bitcoin as collateral at a variable interest rate of 4.5% to 5.0%, to avoid equity dilution and expensive traditional debt. The funds will support a 10-year, 20-megawatt computing capacity contract with a California-based AI service provider, potentially generating over $1.2 billion in revenue. An option for an additional 32 megawatts could increase the total contract value to over $3 billion. This move is part of a broader trend among Bitcoin miners, like MARA and Bitdeer, to repurpose mining infrastructure—with its existing power, land, and cooling systems—toward more stable AI and high-performance computing hosting. Hyperscale Data maintains its long-term bullish stance on Bitcoin, framing the sale as an asset swap. Future developments hinge on the client exercising its expansion option, the timely deployment of initial capacity, and the company's planned divestment of its private equity divisions by Q2 2027 to focus on data centers and digital assets.

Bitcoin mining company Hyperscale Data has sold approximately 100 Bitcoin and obtained a Bitcoin-backed loan to fund the construction of its new AI data center in Michigan. The proceeds are for infrastructure and equipment, with the credit facility carrying an interest rate of 4.5% to 5%. The project supports a 10-year deal with an unnamed AI provider for 20 megawatts of capacity, potentially generating over $1.2 billion in revenue. Options to expand and extend the contract could increase its total value to more than $3 billion. Hyperscale Data, formerly Ault Alliance, continues its Bitcoin mining operations and remains a significant corporate holder with about 1,006 BTC.

In the US, the closely watched Federal Reserve inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index, fell slightly in June but remained above the Fed's 2% target. However, data showed a strong rebound in consumer spending in Q2, indicating underlying economic resilience despite high interest rates and energy price pressures. The core PCE inflation rate eased from 3.4% to 3.3%. While a positive signal, it remains well above target, creating ongoing monetary policy uncertainty. Fed Chair Kevin Warsh emphasized that policy decisions will rely on a broader set of inflation metrics beyond PCE, and affirmed the US economy's strength. Analysts cite renewed energy price surges as a key inflation risk for H2 2023, which could force further Fed tightening. Consumers are becoming more price-sensitive, though spending remains stable as they seek value. Citigroup economists note that Warsh's focus on wider inflation indicators, including the lower core Consumer Price Index (CPI) at 2.6%, may reduce the near-term likelihood of a rate hike. While markets price a 59% chance of a September increase, Citigroup believes this expectation is overstated and that another hike may not be imminent.

Crypto analyst Benjamin Cowen assessed the latest U.S. inflation data and its potential macroeconomic impact on Bitcoin (BTC). Recent data, including a 0.1% monthly decline in the PCE index and moderate economic growth, was received positively by markets, with Bitcoin maintaining a stable trajectory without a sharp decline. However, Cowen highlighted internal divisions within the Fed regarding interest rates. Despite current rates being held stable, three FOMC members voted for a hike, suggesting monetary tightening may not be over. He pointed to the relationship between 2-year Treasury yields and the Fed's discount rate, indicating that when yields exceed the rate, the restrictive impact of policy weakens. Cowen warned that if the labor market heats up again, inflationary pressure could resume, creating a high probability of a surprise Fed rate hike in the latter half of the year, potentially in September. Such a hike, occurring when cuts are expected, could shock investors and accelerate a flight from risk assets. Regarding Bitcoin's price cycles, Cowen suggested the market bottom may not be in yet, and based on historical data, the most likely scenario is for Bitcoin to find its true low in the fourth quarter (Q4) of the year.