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Block Inc, Jack Dorsey's payment powerhouse, is on a roll. Its Bitcoin revenue hit $2.61 billion in Q2 2024. That's a 9% jump year-on-year, a pretty nice result for one of the most prominent Bitcoin maximalist. Yes, that's who Jack Dorsey, ex-chief of Twitter, really is nowadays. Total net revenue? A cool $6.16 billion. Up 11% from 2023. Block's bread and butter isn't just Bitcoin. Strip that out, and revenue still climbed 13% to $3.54 billion. Cash App, Block's mobile payment service, is killing it. It raked in $4.13 billion. Bitcoin transactions alone netted $67 million in gross profit. That's up 52% from last year. Why the surge? Bitcoin's price, mostly. The crypto's been on a tear, up over 45% in 2024. It's trading at $64,777 as we speak. Block's not just facilitating trades. They're hodling too. They've got 8,211 BTC on their books. That's worth $515 million. But it's not all sunshine and rainbows. Block took a $70 million hit on their Bitcoin holdings. Still, things are looking up. Total gross profit jumped 20% to $2.23 billion. Net income? $195 million. That's nearly double last year's $102 million. Block's got big plans. In May, they announced a $2 billion debt offering. They're sitting on a $10.3 billion war chest. What's the endgame? Debt repayment, acquisitions, strategic moves. Block's not messing around. The crypto rollercoaster's been good to Block. But can they keep the momentum going? Only time will tell.

Solana might be on the cusp of a major rally against Bitcoin. That's the view of Jamie Coutts, chief crypto analyst at Real Vision. Coutts points to a bullish pattern in the Solana-Bitcoin pair. He bases this on a simple moving average crossover on the daily chart. "Solana's relative strength is quite something," Coutts tweeted. "After consolidating against king Bitcoin, it looks like a breakout is on the horizon." The analyst shared a chart to back up his claim. It suggests the SOL/BTC pair is entering an uptrend. This comes after a shorter-term SMA crossed a longer-term one. Such crossovers have signaled rallies in the past. At the time of writing, SOL/BTC trades at 0.002663 BTC ($172). It's down 1.7% in the last 24 hours. Coutts isn't just bullish on Solana. He reckons Bitcoin is gearing up for a move higher too. He cites rising open interest as one key metric. Open interest refers to the total number of outstanding derivatives contracts for an asset. "Open interest at new all-time highs, but funding is positive/neutral," Coutts noted. "Bitcoin is attempting to break out, and this time aggregate positioning is more balanced." The analyst also highlighted Bitcoin's hash rate as a bullish signal. The 30-day SMA has crossed the 90-day SMA. "Bitcoin hash rate recovery is one of the best signals for network health," Coutts explained. He added that a simple moving average cross strategy has a 67% win record. Coutts admits that holding Bitcoin outperforms this strategy. But he reckons it can be a useful risk management tool for cautious investors. "When you regress hash rate and price, it's clear they are very interdependent," he said. "A growing hash rate says BTC is going higher." It's worth noting that while Coutts' analysis is intriguing, crypto markets are notoriously unpredictable. Investors should always do their own research and consider their risk tolerance before making any moves.

Bitcoin whales accumulated $5.4bn worth of BTC in July. This marks the fastest buying spree in a decade. Large holders scooped up over 84,000 BTC last month. That's according to data from IntoTheBlock and Trading View. The move represents the highest accumulation since October 2014. Back then, Bitcoin hit 11-month lows. Last month's buying was driven by bargain-hunting. Whales pounced when prices dipped below $55,000 in early July. They also bought during brief pauses as prices recovered to $69,000. This strategic accumulation shows confidence. Big players seem to think the $50,000-$70,000 range won't last forever. So, why are these whales so bullish? It's all about the Fed. Traders reckon there's an 86.5% chance of a rate cut in September. That's based on CME's FedWatch tool. The current rate is 5.25%-5.50%. Fed Chair Jerome Powell hinted at a potential cut on Wednesday. But he stressed that economic data needs to back it up. The Fed kept rates steady this time around. No surprises there. Powell made it clear: a September cut isn't a sure thing. "It's just a question of seeing more good data," he said. They're looking for signs of cooling inflation and a softer labor market. There's more fueling the bullish sentiment. Stablecoin market cap jumped 2.11% to $164bn in July. That's the highest since April 2022. It suggests new money is flowing into crypto markets. Recent price swings were partly due to Mt. Gox Bitcoin transfers. The defunct exchange moved $2.5bn worth of BTC on Wednesday. But Bitcoin's price held steady. Traders seem less worried about potential sell-offs now. Arkham Intelligence reported 33,105 BTC were moved, likely for creditor distribution. Some selling pressure is expected. But most creditors are thought to be long-term holders. Glassdoor, a blockchain analytics firm, noted: "The profile of the creditors appears to represent one of a HODLer or long-term investor... dampening the magnitude of sell-side pressure across the coming weeks." Bitcoin's stability amid these big moves is telling. It points to a strong market and enduring confidence. The next few months could be interesting for crypto investors. Keep your eyes peeled.

Michael Saylor, the founder and executive chairman of MicroStrategy, has dropped a bombshell. He reckons Bitcoin will soar over 19,000% in about two decades. Saylor spilled the beans at the Bitcoin2024 conference in Nashville. He laid out his long-term predictions for BTC, stretching all the way to 2045. In his base-case scenario, Saylor sees Bitcoin hitting a whopping $13 million. That's with a market cap of $280 trillion. "Here's my macro Bitcoin forecast: it's 21 years. It goes out to the year 2045," Saylor said. He thinks Bitcoin's annual rate of return (ARR) will gradually slow down. It'll start at 55% and eventually settle around 20%. "It will gradually decelerate till it's growing about twice as fast as the S&P index," he explained. Saylor's not messing around. His company, MicroStrategy, is the world's largest corporate Bitcoin holder. They're sitting on 226,331 BTC, worth a cool $15.318 billion. But here's the kicker: if Bitcoin does hit $13 million per coin in 2045, Saylor could become the richest person on Earth. Crypto trader Luke Martin crunched the numbers. "His BTC position would = $573 billion, making him the richest person on earth if his prediction plays out," he tweeted. Martin added, "Really puts the Bitcoin nation-state game theory into perspective. One guy was able to accumulate a BTC position that could rival the largest central bank gold reserve in a decade or two."

The world's biggest Bitcoin shindig is hitting the Strip. Bitcoin 2025 will land in Las Vegas after successful runs in Nashville, Miami, and San Francisco. BTC Inc., the top dog in Bitcoin news and events, is pumped. This year's Bitcoin 2024 in Nashville pulled in over 22,000 attendees. Now they're upping the ante. The event will run from May 27-29, 2025. It's a big win for Vegas. The city's been gunning to be a tech and finance hotspot. Nevada's Governor Joe Lombardo is stoked. "We're excited to welcome The Bitcoin Conference to Nevada in 2025," he said. "It shows we're a major player in finance and tech." The conference isn't just talk. Attendees can network and build community. They'll see cutting-edge tech demos. Big names from policy, business, and celeb circles will share insights. David Bailey, CEO of BTC Inc., sang Vegas's praises. "Las Vegas has transformed into a hub for entrepreneurship and innovation," he said. "Mayor Goodman and Governor Lombardo have embraced Bitcoin. It's a natural fit." Tickets are up for grabs on the official website. Organizers say demand will be off the charts. They're urging folks to buy early. The conference has sponsorship opportunities. Media can reach out for more info. Details are on their website. Bitcoin Conference started in 2019. It's now a global phenomenon. Crypto enthusiasts, pros, and thought leaders flock to it from all over. The move to Vegas is a gamble. But with Bitcoin's growing clout, it might just hit the jackpot.