Bitcoin Remains Stuck as AI Compute Deals Pile Up: Live Market Updates

The Strait of Hormuz is seeing almost no shipping activity as the 60-day U.S.-Iran ceasefire expires without a new agreement, reviving concerns about an oil-price shock that could weigh on crypto. Meanwhile, Bitcoin ETF flows are beginning to improve.

NVIDIA CEO Jensen Huang said the chipmaker will begin securing land, electricity and infrastructure for AI factories, starting with a facility in Portsmouth, Ohio, where OpenAI will operate as the tenant.
NVIDIA will contribute to certain lease and power costs and provide a residual-value commitment, while OpenAI will cover the lease and deploy NVIDIA’s computing systems.
NVIDIA estimates the Ohio site could produce $150 billion-$200 billion in revenue for the company during each hardware upgrade cycle over its 20-year lifespan. Across OpenAI’s wider planned deployments, the total computing opportunity could reach roughly $600 billion by 2030.
Huang rejected concerns over circular financing, saying OpenAI will pay the lease directly.

Strive Asset Management added 79 BTC for roughly $5 million, paying an average of $63,231 per Bitcoin.
The purchase takes the company’s total Bitcoin holdings to 20,246 BTC, worth approximately $1.27 billion.
Strive shares were up around 0.5% in premarket trading.

Bitmine Immersion said its ETH holdings have reached 5.815 million tokens, equal to approximately 4.8% of Ethereum’s total supply.
The company also repurchased 1.7 million shares last week, bringing its total buybacks since early July to 20.8 million shares.
BMNR stock was little changed before the opening bell.

Anthropic’s second-quarter revenue reportedly climbed above $11.5 billion, representing more than a 14-fold increase from a year earlier, Bloomberg reported.
The AI company also generated positive operating income, strengthening expectations for a possible IPO later this year.
Nasdaq 100 futures gained around 0.5% following the report, suggesting a modest improvement in technology-sector sentiment.

Strategy raised $333.7 million last week by selling common shares, according to a Monday filing.
The company used $132.2 million to repurchase STRC preferred stock, while the remaining proceeds went toward dividends and increasing its cash reserves.
Strategy’s cash balance has risen to roughly $4.8 billion, while its Bitcoin holdings remain unchanged at 840,447 BTC.
MSTR gained about 1.3% in premarket trading, while STRC was flat.

Bitcoin, gold and silver all moved higher Monday as broader risk assets gained ground.
Bitcoin climbed roughly 1% over 24 hours to above $63,500. Gold moved toward $4,400 an ounce, while silver remained below $66.
Memory stocks also rallied before the opening bell. The Roundhill Memory ETF jumped more than 4.5%, extending its recovery from July lows to roughly 35%, while Sandisk gained over 4%.
Micron rose around 3%, and the Invesco QQQ advanced more than 0.5%.

The U.S.-Iran ceasefire was due to expire Monday with negotiations stalled, while shipping through the Strait of Hormuz remained severely disrupted.
Kpler data showed just five cargo vessels crossing Saturday and none on Sunday, compared with 31 the previous weekend.
Traffic is now about 90% below prewar levels along a waterway responsible for roughly one-fifth of global oil shipments.
Iran reportedly told Oman it would reopen the strait if the U.S. removes its naval blockade, according to CNBC.
Prolonged disruption could send crude prices higher, increasing inflationary pressure and potentially keeping the Federal Reserve cautious about easing monetary policy.
A stronger oil market could also lift the dollar and Treasury yields, creating a headwind for Bitcoin even as ETF demand starts to recover.
Bitcoin was trading around $63,300 Monday and remained below $64,000.

HIVE jumped about 9% in premarket trading after announcing a five-year GPU cloud contract worth $350 million.
The agreement raises contracted annual recurring revenue to approximately $180 million, with HIVE aiming for $200 million by Q4 2026.
HIVE’s fiscal Q1 2027 revenue rose 73.5% year over year to $79.1 million, while high-performance computing revenue increased 52% to $7.1 million.

The Dollar Index fell to 99.29 early Monday, its weakest level since June 5, according to TradingView.
The decline pushed the index below the upward trendline that had supported its recovery from the January low of 95.55.
Continued dollar weakness could benefit Bitcoin and other risk-sensitive assets.

Bitcoin remains stuck near $63,500, but ETF flows have shifted in a more positive direction, according to ARP Digital partner Yusuf Fakhro.
U.S. spot Bitcoin ETFs absorbed more than 14,000 BTC in the five sessions through Aug. 7, marking their strongest inflow period since May.
Q3 has recorded roughly 11,000 BTC of net inflows, reversing some of the approximately 110,000 BTC in outflows recorded during the second half of Q2.
The shift indicates that institutional investors may be returning to accumulation after a period of heavy selling.
Yet overall market activity remains weak, with spot volume at around two-and-a-half-year lows and perpetual futures volume at three-year lows. Volatility is also hovering near multi-year lows.
Fakhro said fresh demand entering a market with unusually thin liquidity could be an early sign of a durable bottom. He views Bitcoin’s prolonged $60,000-$80,000 range as investor apathy rather than the start of another deep bear market.
Leverage remains a key risk. Bitcoin is still confined between roughly $62,000 and $64,000, meaning a decisive break could produce an outsized move.
Perpetual futures open interest has remained above 300,000 BTC even as volumes have fallen sharply, leaving traders exposed to a potentially large liquidation event if Bitcoin breaks out of its current range.

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