According to Odaily, leading Bitcoin mining company Marathon Digital has been fined $138 million for violating confidentiality or non-circumvention agreements. Michael Ho, the former co-founder of US Bitcoin Corp and current Chief Strategy Officer of mining company Hut 8, won a unanimous jury verdict in a breach of contract lawsuit against Marathon Digital Holdings.

In a recent post on X, renowned cryptocurrency analyst Willy Woo shared his insights on five macro signals for Bitcoin, identifying three bullish indicators and two bearish factors. Here’s a closer look at his analysis:Bullish IndicatorsEnd of Miners Capitulation:Woo considers the end of miners' capitulation a reliable bullish indicator. With miners no longer offloading their holdings, this suggests a stabilization and potential upward momentum for Bitcoin.Hash Rate Recovery:The Bitcoin network's hash rate is recovering, coinciding with the deployment of next-generation mining hardware such as the M66s and S21 Pros. Woo notes that the hash rate is set to increase significantly, indicating network strength and miner confidence.Puell Multiple:The Puell Multiple, which measures miners' relative profit to past revenues, has hit a crucial macro bottom. This two-part signal suggests:Macro bottoms occur when mining profitability is at its lowest.A signal bottom happens post-Bitcoin halving, when miner earnings are halved, setting the stage for a bull run.Woo asserts that miners are now poised to earn substantial profits, making it a good time to invest in mining operations.Bearish IndicatorsIncrease in Coins Entering Exchanges:A significant amount of Bitcoin, notably 50,000 BTC from Mt. Gox, is being moved to Kraken. This influx is being front-run by other large transfers, potentially increasing selling pressure.Ethereum Spot ETF Launch:The imminent launch of the Ethereum spot ETF could divert capital from Bitcoin ETFs to Ethereum ETFs. The extent of this shift is uncertain but represents a bearish risk for Bitcoin.Overall OutlookWoo concludes with an optimistic view, believing that the bullish factors outweigh the bearish ones. He notes that breaking the $73,000 level could trigger a short squeeze, propelling Bitcoin to $77,000 and beyond, entering a phase of price discovery.This comprehensive analysis by Woo provides a nuanced view of the current market dynamics, highlighting the interplay between fundamental strength in mining and potential short-term pressures from increased exchange inflows and the new Ethereum ETF.

According to Odaily, Lido has released its protocol-related data for the week of July 15 to July 22. The data reveals a notable increase in several key metrics for the platform. Total Value Locked (TVL) saw a growth of 9.34%, reaching $34.57 billion. Additionally, the platform recorded an increase of 85,792 ETH in new stakes. On Layer 2, the amount of wrapped staked ETH (wstETH) grew by 4.62%, totaling 170,526 tokens. The seven-day trading volume for (w)stETH was reported to be $1.19 billion.

According to Cointelegraph: BlackRock’s iShares Bitcoin Trust ETF (IBIT) has recorded its largest inflow day in over four months, with over $523 million flowing into the fund on Monday. This surge in investment coincides with the approval of multiple spot Ether ETFs for trading in the United States.Key Highlights:Record Inflows: The IBIT scooped up 7,759 Bitcoin, worth just over $523 million, marking the seventh-largest day of inflows in its history.Total Assets: The total assets under management for IBIT now stand at 333,000 BTC, valued at approximately $22 billion.Historical Context: The largest single-day inflow for IBIT was on March 18, with $849 million added, followed by $788 million on March 5.ETHE discount to net asset value has tightened ahead of the launch of the spot ETH ETFs. Source: KaikoMarket Reaction: Bitcoin briefly surged above $68,000 but failed to maintain momentum, trading at $66,440, a 1.8% drop over the past 24 hours.Industry Impact:ETF Competition: On the same day, the remaining 10 U.S.-listed Bitcoin ETFs saw combined net inflows of just $6.9 million, underscoring BlackRock's dominance in attracting investor funds.Investor Sentiment: The significant inflows reflect strong investor interest and confidence in Bitcoin, despite its inability to break through key resistance levels.Estimates for spot ETH ETF inflows compared to BTC ETFs. Source: ASXNMarket Outlook:The anticipation surrounding potential announcements at the Nashville Bitcoin conference, particularly the speculation that Donald Trump might declare Bitcoin a strategic reserve asset, has fueled bullish sentiment. Analysts suggest that such an announcement could trigger a "parabolic" rise in Bitcoin's price.With ongoing market volatility and upcoming political developments, investors and traders are closely monitoring these factors to gauge future movements and opportunities in the cryptocurrency market.