BTC price today sits at $64,400, up 2% in the last 24 hours. That gain comes as a proposed rule change called BIP-110 splits opinion across the blockchain, turning into one of the bigger stories in Bitcoin News Today.
BIP-110, nicknamed the "Reduced Data Temporary Soft Fork," aims to limit non-monetary data storage on $BTC's base layer for one year. The main target: Ordinals inscriptions, BRC-20 tokens, and similar data that critics call spam, according to bip110.org.
Key mechanics:
Most new transaction outputs get capped at 34 bytes, except OP_RETURN outputs, which can reach 83 bytes
Data pushes and witness elements face a 256-byte limit
Certain Taproot annexes, large control blocks, and inscription-related opcodes face temporary restrictions
Funds tied to UTXOs created before activation stay exempt and can move freely
Standard monetary payments keep working exactly as before
The activation method draws most of the debate. BIP-110 uses a modified BIP 9 deployment with a 55% miner signaling threshold, far lower than the usual 95% bar.
If signaling stays low, a mandatory window opens near block 961,632, projected for early August 2026, forcing BIP-110 nodes to reject non-signaling blocks. Miner signaling currently sits near 1%, concentrated among a few pools and Knots nodes
Strategy founder Michael Saylor made his opposition clear this week. He said $BTC's biggest threat comes from inside the network, not from outside attackers.
Saylor compared Bitcoin's consensus rules to a constitution. He named BIP-110 directly, alongside added covenant features and larger block sizes, arguing these changes risk shrinking transaction freedom and weakening blockspace scarcity.
He also raised a fee market warning. As BTC's block subsidy halves every 210,000 blocks, miners depend more on transaction fees for security, and Saylor said loosening that fee market now could hurt long-term protection.
His position on Bitcoin news today stays simple: keep the base layer neutral and rarely touched, and build new ideas at the edges instead.
Support for BIP-110 comes mostly from a smaller, vocal slice of BTC users rather than large institutions. Miner signaling sits under 5%, led mainly by Ocean pool and independent miners, while node-level support through Knots software runs an estimated 14% to 25%.
Luke Dashjr, Bitcoin Core contributor and co-founder of Ocean mining pool, stands as the most visible technical backer. He calls inscriptions a burden that forces permanent node storage costs against a one-time miner fee, framing BIP-110 as restoring earlier limits rather than creating new ones.
Author Dathon Ohm calls the proposal a "temporary, focused intervention" designed to correct what he sees as distorted incentives around data storage. His writing on bip110.org frames the one-year window as a chance to measure results before making anything permanent.
Data storage shifts permanent costs onto nodes for a one-time miner fee
Limited block space should favor monetary transactions
A one-year limit allows testing without permanence
Miners tend to follow economic reality once enforcement starts
Hunter Beast and Pierre Rochard also back the proposal. Opposition remains led by Saylor, Adam Back, and Jameson Lopp. Whether BIP-110 gains traction depends on the August signaling window and any late shift in miner participation.
Outside the fork debate in Bitcoin news today, $BTC ecosystem picked up a clean energy milestone. Researcher Daniel Batten reported that $BTC mining now runs on 59.4% sustainable power, based on preliminary Cambridge Centre for Alternative Finance 2026 data. It is up 7.0 points from the last Cambridge survey 14 months earlier. Hydropower stands as the largest source behind that share.
That figure sits well above the roughly 18% global renewable average across industries. Electricity use tied to mining rose 38% over that stretch, while emissions climbed only 20%, based on the same Cambridge-linked data.
BTC price today, $64,400, reflects a mix of macro forces. Bitcoin's 2% rise slightly outpaced a broader market gain of 1.6%, and price action showed an 85.5% correlation with the S&P 500 ahead of today's Fed meeting, as per CoinMarketCap data.
Source: CoinMarketCap Official
US spot Bitcoin ETFs told a quieter story as of July 28, 2026. Net outflows totaled around $49.75 million, while Cumulative total net inflow at $51.32 billion. IBIT leading the exits while Grayscale's BTC mini trust saw small inflows, per SoSoValue.
Two bigger catalysts sit ahead of the fork debate itself. Bloomberg reported that 10 Democrats now look likely to back the Bitcoin and Crypto Clarity Act, giving the Senate enough votes to pass it and marking a real shift in Bitcoin adoption.
Separately, Michael Saylor outlined plans for Strategy to grow holdings from 673,000 coins in 2025 to 1.06 million $BTC by 2028, aiming to fund all obligations with BTC and reach 1,000,000 BTC within 36 months, per a clip shared by @Vivek4real_.
Strategy currently holds about 843,775 $BTC and recently raised $525 million, lifting USD reserves to $3.75 billion. $BTC now carries three threads at once — an unresolved fork fight, rising Senate momentum, and its largest corporate holder signaling renewed accumulation.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.
