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Block, the digital payments company founded by Jack Dorsey, continues to expand its Bitcoin investments. According to data from BitcoinTreasuries.net, the company recently purchased an additional 85 BTC, bringing its total Bitcoin reserves to 9,117. This move underscores Block's commitment to its long-term Bitcoin strategy and its focus on digital assets as part of its corporate treasury. Block distinguishes itself among companies that view Bitcoin not only as an investment vehicle but also as a crucial component of future financial infrastructure. Founder Jack Dorsey has long maintained that Bitcoin will play a significant role in the global financial system, potentially becoming the internet's native currency. The increase in Block's reserves is seen as a sign of sustained institutional interest in Bitcoin. In recent years, several public companies have added Bitcoin to their balance sheets for purposes like inflation hedging and portfolio diversification. Experts note that regular institutional purchases can impact market supply and demand dynamics by reducing available liquidity. However, Bitcoin's price remains influenced by various factors, including macroeconomic events, monetary policy, regulations, and investor sentiment.

Bitcoin attempted to surpass the $65,000 mark on August 5th and 6th, reaching highs near $64,950, according to CoinMarketCap. As of the morning of August 6th (Moscow time), BTC was trading around $64,800, up 1.3% in 24 hours and close to its weekly high. Ethereum (ETH) rose more strongly, gaining 2.3% to trade near $1,900. The total cryptocurrency market cap increased by 0.9% to $2.21 trillion. U.S. spot Bitcoin ETFs saw an inflow of $244.4 million on August 5th, marking the third consecutive day of inflows with a weekly total of $626 million. Ethereum ETFs attracted $60.8 million for the day and $103 million for the week. Despite rising prices and ETF inflows, the crypto Fear & Greed Index dropped back into "Extreme Fear" territory with a score of 25/100, indicating investor caution and a potential selling bias. Meanwhile, analysts at K33 noted signs of a potential local price reversal in Bitcoin's blockchain following a hack of popular hardware wallets that resulted in over $100 million in losses.

Blockchain security firm CertiK reports that approximately 64 Bitcoin ($4.17 million) and 200 Ether ($380,000) linked to the Coldcard exploit were sent to cryptocurrency mixers Wasabi Wallet and Tornado Cash, respectively, this week. These protocols obscure the on-chain trail of stolen funds. The Coldcard attack, now 2026's third-largest crypto hack, drained at least $100 million in Bitcoin from 7,300 wallets, with total losses potentially reaching $130 million. Analysis from TRM Labs and Galaxy Digital suggests multiple attackers, including copycats, exploited a 2021 firmware bug that weakened wallet seed randomness. While some stolen assets have been moved to mixers, most victim funds reportedly remain in attacker-controlled addresses.

Chinese cryptocurrency mining pool founder Jiang Zhuoer has shared a new prediction for Bitcoin's potential bottom, based on historical four-year cycle analysis. He argues that the current market correction has not yet matched the duration or depth of previous major bear markets. Jiang notes that the three previous significant bear markets followed very similar patterns in both length and price decline, a trend not yet observed this year. Based on past cycles where maximum drawdowns were 86.9%, 84.1%, and 77.6%, he forecasts a more limited but still sharp decline of approximately 65.1% for the current cycle. Under this scenario, Jiang suggests the price of Bitcoin could potentially fall to around $44,016. He speculates that this potential bottom could be reached by the end of October, assuming historical patterns repeat. This analysis comes as Bitcoin shows a renewed uptrend, currently trading above $65,000. *This is not investment advice.

Zeus Wallet, a self-custodial Bitcoin Lightning wallet, took its infrastructure offline following a cybersecurity attack on Wednesday. The company states that customer funds were not at risk and the incident appears limited to its own infrastructure, not affecting Lightning node software. Founder Evan Kaloudis said the attack was mitigated within hours. Customers who had Lightning Service Provider channels closed will receive replacements upon service restoration. While the nature of the attack and a restoration timeline were not disclosed, Zeus highlighted the incident reinforces its focus on security projects like trusted execution environments and the Validating Lightning Signer. This follows Zeus's recent disabling of swaps due to partner Boltz halting its operations.