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Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/04/2026

Aug 4: Trump Media’s $165M Bitcoin Transfer Sparks Collateral, Sale Debate

BlackRock Debuts Tokenized Money Market Funds on Solana and Ethereum · Bitcoin Maintains $63K as Coinbase Premium Logs Record 77-Day Negative · Strategy Sells 1,638 BTC for $104.7M, Holdings Now 842,138 BTC

Aug 4: Trump Media’s $165M Bitcoin Transfer Sparks Collateral, Sale Debate

Market Snapshot

  • Bitcoin (BTC): $63,362 (+0.07% 24h)
  • Ethereum (ETH): $1,851.10 (-1.20% 24h)
  • Solana (SOL): $73.07 (-0.21% 24h)
  • ETF Flows: US spot Bitcoin ETF net inflows turned positive in July at $172.43 million

Top Stories

Key Takeaways

  • US-based spot bitcoin demand remains muted despite positive ETF inflows, as reflected in the record negative Coinbase premium.
  • Major corporate holders like Strategy and Trump Media are reducing or encumbering bitcoin holdings, often realizing substantial losses.
  • Tokenization of traditional financial products is accelerating, with BlackRock deploying multi-chain money market funds targeting stablecoin issuers.
  • Market structure is evolving, with institutional capital flows and on-chain finance increasingly interconnected.

What to Watch

All eyes are on Trump Media’s upcoming 10-Q filing, which will clarify whether recent bitcoin transfers were true sales or custodial moves. Continued tracking of the Coinbase premium and US ETF flows will offer insight into institutional sentiment. The impact of BlackRock’s tokenized fund launches on stablecoin reserve management and broader adoption of on-chain finance warrants close observation.