Meta's smart glasses success highlights the tension between innovation and privacy, prompting industry-wide scrutiny and competitive responses.

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The PENGU token's surge highlights the potential for increased brand legitimacy and investor interest, but also poses risks of capital competition.

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Bitcoin's EMA reclaim signals potential trend reversal, impacting market sentiment and institutional flows amid evolving financial policies.

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Bournemouth's loan of Di Gregorio enhances squad depth and competition, while Juventus strategically manages financial recovery and player assets.

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Ciss's debut highlights the potential for youth talent to reshape Milan's strategy, emphasizing cost-effective squad development over big spending.

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Bitcoin Magazine

Smart Money Helping Support Bitcoin Rebound, Says Pantera Capital

American investment firm Pantera Capital’s portfolio manager has said “smart money” is helping push bitcoin’s price higher. 

Cosmo Jiang, portfolio manager at the firm, said in a Friday CNBC interview that the next resistance for the coin’s price could be around $80,000 and that while small pullback was possible, “smart money” was now flooding into the space. 

Bitcoin surged this week on positive regulatory news coming out of the U.S. and news that the Treasury Department would at least double the size of its long-dated bond buybacks.

“From everything we see, positioning is starting to reverse,” Jiang said. 

“People are going from very much on the sidelines and even net short positioning to now realizing they want to be long, for what could be a very big technology.”

Bitcoin was recently priced at $77,412 after surging more than 23% over the past week. The biggest cryptocurrency touched as high as $79,319 earlier on Friday. 

While spending most of June and July below $65,000, bitcoin has benefited from news that came out of the White House this week.

President Donald Trump held a meeting with crypto executives earlier in the week, and urged lawmakers to get the long-awaited Clarity Act over the line. 

The crypto legislation, which aims to make it clear which digital assets the SEC and CFTC will watchdog, has been called for by industry bigwigs for years. A vote will now go ahead on the proposed law in September. 

Bitcoin surged on Trump’s comments. On the same day, U.S. Treasury Secretary Scott Bessent said the department would at least double the size of its long-dated bond buybacks. 

Non-yielding assets including bitcoin and gold jumped on the news. 

Jiang added that a slew of positive fundamentals in the crypto space — including stablecoin adoption, prediction markets, perpetual futures, and “the crossover of AI” — would help push bitcoin’s price higher. 

“It’s really hard not to be bullish,” he said.

This post Smart Money Helping Support Bitcoin Rebound, Says Pantera Capital first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis

Top investor Ray Dalio has again sung Bitcoin’s praises. But only a little bit. 

The billionaire hedge fund boss said in his latest essay that he expected  “non-government-produced monies like gold and bitcoin to do relatively well” as government debt grows. 

Dalio, who founded one of the world’s largest hedge funds, Bridgewater Associates, has long warned investors about the size of America’s debt. U.S. national debt passed the $40 trillion mark this week. 

“As general advice, I suggest diversifying well in asset classes and countries that have strong income statements and balance sheets and are not having great internal political and external geopolitical conflicts, underweighting debt assets like bonds, and overweighting gold and a bit of Bitcoin,” Dalio wrote. 

He added that major economies like the U.K., U.S., Europe, and Japan all have similar debt and deficit problems and therefore assets like bitcoin — which are not issued by governments — could end up benefiting. 

Dalio has gone from saying he wouldn’t invest in Bitcoin over the years to finally admitting it was in his portfolio. 

Last year, Dalio said that bitcoin only made up 1% of his investments. He reiterated that point this year, and warned that although no one can print more bitcoin, it can be hurt by quantum computing advances. 

Back in 2020, the billionaire investor said that the cryptocurrency was too volatile to use as money but that it was worth holding a little bit. Gold, on the other hand, should be held by all investors, he added. 

Dalio’s latest essay explains that when governments over-borrow and central banks respond by printing money to cover the gap between debt supply and demand, the value of the currency gets debased.

Bitcoiners have long argued that the oldest cryptocurrency can work as a hedge against government printing, just like gold. 

And Bitcoin has in the past benefited from governments expanding their money supplies. 

This post Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Has Its Best Week Since 2023 as Shortsellers Continue To Get Wiped Out

Bitcoin continued its rise on Friday, having its best week since 2023 as over $1 billion in shortsellers’ positions got ruined and exchange-traded funds received billions in new cash. 

The leading cryptocurrency on Friday was recently trading 23% higher over a seven-day period after flying past $77,542. It earlier in the day reached as high as $79,319. 

Bitcoin’s rise comes after the American investors fast piled into exchange-traded funds, with the vehicles so far this week taking in over $1.6 billion, according to Farside Investors data. 

CNBC analysts said that the coin’s rise is its best performance since 2023 and was triggered by the Treasury Department’s Wednesday announcement to at least double the size of its long-dated bond buybacks.

The announcement has helped send yields down lower, while assets like bitcoin and gold have shot up. The dollar is trading at a three-month low and on track for its worst week of August.

Why? Because lower long-term yields reduces the opportunity cost of holding non-yielding assets, and generally supports risk-on sentiment. 

Those betting on the price of the cryptocurrency to fall also got hit hard: Data from Coinglass shows that over $1 billion in shorts positions were closed. 

In a note Friday, Standard Chartered’s Global Head of Digital Assets Research, Geoffrey Kendrick, said that Thursday was the largest liquidation of Bitcoin shorts ever when $1.1 billion in bets were closed. 

Bitcoin’s volatility had dropped significantly over June and July and had mostly been trading below $65,000. 

Investors have this week frantically bought shares of Bitcoin ETFs, with the funds on Thursday receiving $606.3 million — one of their biggest trading days this year. 

Positive regulatory news coming out of the White House is also helping: President Donald Trump held a meeting with crypto executives earlier in the week, and urged lawmakers to get the Clarity Act over the line. 

A vote will go ahead on the long-awaited crypto legislation, which the digital asset industry has long called for, in September. 

This post Bitcoin Has Its Best Week Since 2023 as Shortsellers Continue To Get Wiped Out first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Pakistan’s Crypto Pitch: “Come Build Here” as Virtual Assets Act Moves Forward

Pakistan has announced a new regulatory framework for crypto after banning the asset class for close to a decade, 

Announcing the news in an X post Friday, Bilal Bin Saqib, the special assistant to the prime minister on blockchain and cryptocurrency, invited foreign businesses to come to the country and set up shop.  

Pakistan’s Virtual Assets Act introduces the country’s first comprehensive legal framework for overseeing virtual assets and the businesses that operate in this space. 

“For approximately a decade, Pakistan’s answer to virtual assets was complete permission and complete ban — but history tells us that technology never waits for permission,” Bin Saqib said. 

He added: “To the companies watching Pakistan from outside, the front door is open for you. Come, get licensed. Come, get banked. Come, build here under rules that are clear, public and enforceable.” 

In a separate post, Bin Saqib said that the country now has “the rules, the regulator and the licensing framework to bring virtual assets into the formal economy, protect consumers and build the foundation for the next generation of financial infrastructure.”

Pakistan’s virtual Assets Act was approved by the senate earlier this year and then signed into law by President Asif Ali Zardari. Friday’s announcement indicates that licensing regulations are now in place. 

Pakistan has made a crypto-friendly pivot in recent years. In 2025, plans to launch a national strategic Bitcoin reserve were announced at the Bitcoin 2025.

Before that, the country announced that it was allocating 2,000 MW of surplus electricity to Bitcoin mining and AI data centers in an initiative aimed at generating revenue, creating jobs, and attracting foreign investment, according to the Pakistani government.

The country has played an important part as a mediator between the U.S. and Iran. A relationship started forming between the two after it became an affiliate of Trump-backed crypto project, World Liberty Financial. 

Weeks after President Donald Trump’s return to power last year, WLF leaders went to Islamabad to meet with Pakistan’s prime minister. 

This post Pakistan’s Crypto Pitch: “Come Build Here” as Virtual Assets Act Moves Forward first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge

Bitcoin roared past $79,000 Friday, sustaining the biggest run in years following positive regulatory news and an announcement from the U.S. Treasury. 

The leading cryptocurrency hit as high as $79,319 before dipping slightly. It was recently priced at $77,584, a more than 7% rise over the past day. Over a seven-day period, the coin has shot up by close to 23%. 

Bitcoin had spent most of July and June trading below $65,000. Some analysts had said that the bottom was likely in. 

And it may just be in: Writing in a note Friday, Standard Chartered’s Global Head of Digital Assets Research, Geoffrey Kendrick, said that a $100,000 price forecast by year-end was too low. 

“Once investors remember how quickly prices can accelerate to the topside, and we get past the 6 October date (12 months after the all-time high) an overshoot towards the all-time high (USD126k) before year-end may be possible,” he said. 

He added that bitcoin’s bear market so far has been the shallowest on record. Analysts have pointed out that the coin’s volatility has been dampened this year. 

Bitcoin notched a record last year of $126,080 but plunged soon after following the biggest liquidation event in the history of crypto. Over $19 billion in leveraged bets were closed, sending shockwaves through the market. 

Since then, a number of factors have hurt bitcoin’s price, including the Federal Reserve being reluctant to lower interest rates and geopolitical headwinds such as war in the Middle East. 

But recent positive regulatory news has helped the coin. While a vote on the long-awaited crypto Clarity Act has been delayed until September, President Donald Trump on Wednesday said that the bill was a “very, very powerful” piece of legislation, and urged lawmakers to get it over the line. 

The proposed law will establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins — legislation that the crypto industry has long called for. 

And earlier this week, U.S. Treasury Secretary Scott Bessent announced the department would at least double the size of its long-dated bond buybacks. The news sent yields down lower; lower long-term yields reduces the opportunity cost of holding non-yielding assets like bitcoin and gold, and generally supports risk-on sentiment. 

This post Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Nasdaq-listed Digital Currency X Technology Inc. is asking shareholders to approve a 160-for-1 reverse stock split, also known as a share consolidation, on September 3. It would be the company’s second consolidation of 2026 after a 12-for-1 action took effect on January 22.

Digital Currency X recently shifted from electric-vehicle manufacturing into the digital asset sector. In its latest annual report, the company said its treasury held 157.45 million EDGEAI tokens. It valued them at about $402 million as of December 31, 2025. It later locked all of those tokens in a 12-month staking agreement. The agreement carried a floating annualized yield of 3.5% to 8%.

For a holder whose balance is divisible by 160, every 160 Class A or Class B shares would become one share. A holder of 16,000 shares, for example, would receive 100. The filing says the company would round fractional results up to the nearest whole share, so smaller or nondivisible positions would not follow that arithmetic exactly. The consolidation would cover both issued and unissued shares. It would take effect on a date confirmed by Nasdaq or one on which the exchange raises no objection.

A reverse stock split, then an authorization reset

The first resolution would reduce authorized shares from 3 billion, each with a par value of $0.0001, to 18.75 million, each with a $0.016 par value. A second resolution would immediately increase the authorization back to 3 billion shares at the higher par value. A third would reorganize the authorized share capital back to $0.0001 per share. Shareholders had approved the 3 billion-share authorization on May 13, according to a May filing.

Authorized shares are capacity, rather than stock already issued. The resolutions would not themselves issue shares or prove immediate dilution, but they would leave the company able to issue far more shares after the consolidation than the 18.75 million-share ceiling created by the first step alone.

Share base and voting timeline

The disclosed issued-share figures come from two earlier dates and establish only a floor. Digital Currency X’s annual report listed 19,823,627 Class A shares and 1,334 Class B shares outstanding as of April 20. A July 7 filing then said the company issued 331,753,557 units, each including one Class A share and warrants, at a July 3 private-placement closing. Together, those disclosures establish at least 351,577,184 Class A shares plus 1,334 Class B shares before any later warrant exercise or other issuance.

Class A shares carry one vote each on general-meeting matters, while Class B shares carry 20. On the April counts, the Class B class represented 26,680 votes against more than 19.8 million Class A votes. The July issuance added Class A shares, but the materials do not establish current holder-by-holder control for the September vote.

The company said it intended January’s consolidation to help regain Nasdaq minimum bid-price compliance. By contrast, the August meeting notice does not identify a compliance, financing, or offering rationale for the proposed 160-for-1 reverse stock split and capital reorganization. Intervening issuance also changed the share base, so the two ratios do not describe one continuous holder-level reduction.

The Zoom-only meeting is scheduled for 10:00 a.m. Hong Kong time on September 3. Internet and phone voting closes at 11:59 p.m. Eastern time on September 2, while proxy forms have a separate deadline no later than 48 hours before the meeting.

The post $400M AI crypto treasury firm seeks second reverse split while restoring capacity for 3 billion shares appeared first on CryptoSlate.

CleanCore’s $100 million stock offering increased its common shares outstanding from 226,260,684 to 502,090,260, with proceeds tied to its shift from cleaning products and Dogecoin treasury assets into Minnesota AI infrastructure.

An Aug. 20 SEC filing states that CleanCore reached the new total after issuing 275,829,576 offering shares. The final prospectus supplies the pre-offering base, putting the increase at 121.9%.

The issued shares represent dilution already delivered. Another 524.2 million offering shares remain possible.

Warrants leave another 524 million shares in play

CleanCore also issued pre-funded warrants covering 124,170,424 shares and investor warrants covering up to 400 million shares. At their stated terms, exercise of every offering warrant after the Aug. 20 count would take the offering-only total to 1,026,260,684 shares.

The pre-funded warrants cost $0.0001 per share to exercise and do not expire. The investor warrants cost $0.25 per share, expire after five years and could bring CleanCore about $100 million of additional gross proceeds if all are exercised for cash.

The scenario remains conditional and is not a company-wide fully diluted count. Exercises face ownership limits and adjustments, while the prospectus separately lists options, restricted stock units, pre-existing warrants, settlement shares, plan reserves and project-covenant shares.

CleanCore stock offering leaves funding gaps unresolved

CleanCore said the offering closed Aug. 12 with approximately $100 million gross. The prospectus lists an $8 million placement and advisory fee and separately estimates net proceeds at about $92 million, but the closing disclosure does not state the exact cash received.

The estimated $92 million of offering net proceeds sits against up to $500 million of CleanCore commitments for the Minnesota joint venture and its $479 million initial budget. Offering proceeds can also fund working capital, capital spending, general corporate uses and possible costs tied to disposing of the cleaning business, so they are not reserved exclusively for Minnesota.

The joint-venture filing scheduled an initial $40 million as $25 million at the venture’s closing and up to another $15 million within four business days, depending on budget needs. It did not document either payment.

CleanCore later said it had about $140 million of project equity “funded or committed,” including offering proceeds and completed Dogecoin sales. The disclosures do not reconcile that figure, separate cash funded from commitments or show that the venture’s contribution schedule has been satisfied.

DOGE supplied another part of the project-financing story. The prospectus says CleanCore sold substantially all 463 million DOGE on July 20 for about $33.4 million and used the proceeds for its AI infrastructure segment. It does not quantify any remaining DOGE or say the tokens were pledged.

The company’s March 31 balance sheet showed $4.1 million of cash and cash equivalents and $13 million of restricted cash. No cited disclosure provides a current cash balance after the DOGE sale and offering.

The offering turns CleanCore’s previously unresolved funding risk into a 121.9% increase in outstanding shares, while both the Minnesota funding schedule and conditional warrant dilution remain in play.

The post Cleaning firm dumps Dogecoin to fund $100M AI pivot amid stock dilution warning appeared first on CryptoSlate.

TAC, an EVM network connected to TON, halted validator block production after the project said an exploited vulnerability affected the Cosmos-based EVM side of its network and, according to TAC, only the TAC token supply.

In an Aug. 22 notice, the team said it was working with validators on a temporary halt that would take effect within minutes. TAC's official Telegram announcement channel subsequently described the halt as implemented and promised further findings and steps toward resuming the chain.

A check of the TAC explorer API at about 1:03 p.m. UTC on Aug. 23 returned block 24,671,475, timestamped 11:58:11 p.m. UTC on Aug. 22, as the latest block. A fresh check of the TAC explorer at about 7:58 a.m. UTC on Aug. 24 still showed block 24,671,475.

TAC's notices did not identify an unauthorized TAC amount, a dollar loss, the exploit transaction or block height, the vulnerable component, affected wallets, user losses or a restart timetable. The team also did not explain why the problem could not be isolated below the full-chain level.

The halt raises a state-reconciliation question that TAC has not yet answered. The project has not said whether native, wrapped, bridged, staked, exchange-held or protocol-controlled TAC balances must be checked before validators agree on a canonical state, and the available evidence does not establish that every one of those categories was affected.

The scope differs from TAC's separate May 11 bridge breach. In its May 20 post-mortem, TAC said its sequencer software failed to verify both the code hash of a TON jetton, or token, wallet and the expected minter behind it. Counterfeit deposit messages were accepted, unbacked equivalents were issued on TAC, and genuine assets locked on TON were released through the normal return path.

TAC put the May incident's total protocol loss at approximately $2,854,486.22 as of May 12 at 10 p.m. UTC. During that response, it halted the sequencer set connecting TAC to TON while saying the TAC EVM layer remained fully operational.

The latest validator-coordinated chain halt is therefore a broader operational response, but it does not establish a new loss figure or show that the two incidents share a root cause. Until TAC publishes technical details of the Aug. 22 supply incident and a reconciled supply figure, the defensible conclusion is limited: block production was stopped, TAC says the issue concerns only its token supply, and the conditions for resuming remain undisclosed.

The post EVM network halts block production after supply exploit as TON connection remains dark appeared first on CryptoSlate.

Bitcoin’s rally squeezed short sellers last the week. By Sunday, the reversal was hitting leveraged longs.

At about 07:00 UTC on Aug. 23, CoinGlass showed $101.39 million of crypto long positions liquidated over four hours, almost 86% of the window’s $118.13 million total. The 24-hour view put long liquidations at $250.57 million out of $339.73 million.

Bitcoin liquidations hit leveraged longs

Bitcoin contributed $38.66 million of the four-hour long liquidations and $55.82 million over 24 hours. At the time, BTC traded near $76,088, down about 1.8% over the preceding day after approaching $80,000 during the earlier rally. Since then, Bitcoin has recovered slightly to near $77,300.

The liquidation mix confirms a sharp change in who was being forced out. The positioning data, however, showed leverage shrinking during the pullback.

Open interest falls during the pullback

CoinGlass placed aggregate Bitcoin futures open interest near $54.54 billion, down 2.65% over 24 hours. Major perpetual funding rates were generally near the 0.01% baseline, while the aggregate account long-short ratio stood at 0.9238. A market already reloading with crowded longs would typically show expanding open interest and richer funding; this capture showed restrained positioning on both measures.

The washout was also broader than Bitcoin. Binance accounted for $65.02 million of all crypto liquidations over four hours, including $58.64 million in longs. The largest single order shown over 24 hours was an $11.72 million ETHUSDT liquidation on Binance.

The earlier short squeeze carries several totals tied to different windows. CoinGlass said on Aug. 20 that $3.07 billion in crypto shorts had been liquidated “today,” without defining exact start and end times. Its live historical table separately listed a $2.99 billion event dated Aug. 19, while CryptoSlate’s prior coverage and the Associated Press used broader figures above $4 billion. Direct comparison would turn different scopes into one misleading record total.

Spot ETF demand provides a counterweight to a derivatives-only explanation.

ETF inflows offer a spot-market counterweight

Farside Investors recorded five consecutive sessions of US spot Bitcoin ETF inflows through Friday, including $307.5 million on Aug. 21, before the creation channel closed for the weekend. The timing leaves long liquidations and thinner weekend spot support entangled.

The Aug. 23 snapshot therefore captures a long flush already reducing open interest. Evidence of the next crowded long trade would have to emerge in a later expansion of leverage, funding or both. Until then, the live data describes a cleanup of existing risk, with Monday’s reopened ETF channel providing the next spot-demand test.

The post Bitcoin weekend blip wiped out $250M in over leveraged long traders while open interest weakens appeared first on CryptoSlate.

An eCash fork, which would create a separate ECX asset for Bitcoin holders, produced Alpha-chain blocks from height 963,648 on Aug. 23. The permanent fork did not happen: the project's current roadmap now places the 1:1 allocation of permanent ECX at a Mainnet launch around Bitcoin block 973,728 on Oct. 31.

For holders, miners and exchanges, Aug. 23 became a rehearsal rather than the permanent allocation event. Bitcoin ownership did not change, practice pECX is not permanent ECX, and public exchange notices did not show a universal freeze of Bitcoin services.

What the Alpha chain proved

The eCash Alpha explorer showed a block at height 963,648 and the chain advancing through at least 963,650. It also flagged a stale competing block at the opening height, evidence of a young rehearsal network rather than a settled production chain.

Bitcoin's own record was separate. Mempool.space resolved Bitcoin block 963,648 to hash 00000000000000000001769d9a327f5b455aa8a2dd407b1b63040d2a9f832d32 and displayed a timestamp of 2026-08-23 01:48:47. Together, the two records show an Alpha chain running alongside Bitcoin, not a permanent replacement for it.

What remains before the eCash fork

The revised schedule has three stages: Alpha at roughly 963,648 on Aug. 23, Beta near 967,680 on Sept. 20 and permanent Mainnet near 973,728 on Oct. 31. Alpha and Beta produce practice pECX rather than the permanent 1:1 balance copied from Bitcoin.

The project says practice units can be burned for real ECX at Mainnet. Founder Paul Sztorc said 1,000 pECX could be redeemed for 10 ECX. The supplied evidence does not establish that Alpha transaction history or balances automatically carry into Beta or Mainnet, so pECX is not an early permanent allocation.

The production handoff is also unfinished. The project's integration guide, last updated Aug. 11 and marked pre-launch, still treats 963,648 as the production fork point and labels key values as drynet4 parameters. It says the final fork hash, software branch or tag and replay scheme will be published later.

Current coin-splitting guidance uses an opt-in nLockTime of 499999999 for ECX transactions, but tells integrators to verify the final scheme before launch.

Pre-Alpha notices generally kept Bitcoin services available while reserving later risk-based changes. GMO Coin said covered Bitcoin services would continue. Coincheck, SBI VC Trade and Zaif published similar continuity plans.

Their treatment of the new asset was different. GMO said it would not handle pECX or ECX during Alpha and Beta, while Coincheck, SBI and Zaif left later ECX crediting, listing or handling undecided.

The eCash fork’s Aug. 23 Alpha stage was therefore low-impact for BTC ownership but still operationally useful as a test window. For miners, wallets and exchanges, the next production target is Oct. 31, and final software and replay details remain the key checkpoint.

The post Bitcoin holders face unresolved fork risks as new eCash test chain launches ahead of October deadline appeared first on CryptoSlate.

Ethereum trades at $2,472 as of 24 August 2026, up 0.38% on the day and roughly 28% over the past seven sessions. That is the strongest weekly performance ETH has printed all year, and it came out of nowhere for anyone who was not watching the macro tape.

Three catalysts stacked on top of each other in the space of 48 hours. The US Treasury announced it would at least double its buybacks of longer-dated government debt, lifting the operation size from around $2 billion to $4 billion. That pushed long-end yields lower and reopened the risk appetite window that crypto had been locked out of since spring. Almost simultaneously, the SEC published a proposed framework letting crypto projects raise capital under defined exemptions and exit securities classification once core managerial commitments are met, and President Trump publicly pressured the Senate to move on the Clarity Act, which is now scheduled for a procedural vote in September.

The market was positioned exactly wrong for all of it. More than $3 billion in leveraged crypto positions were wiped out in 24 hours, with short positions accounting for roughly 92% of the damage, around $2.77 billion. That is the fuel behind the vertical candle you see on the chart. $ETH went from below $1,950 to an intraday peak near $2,546 on 22 August, and it has held most of that ground since.

Institutional flow is confirming rather than fading the move. Spot Ether ETFs pulled in $71.47 million on 18 August with BlackRock's ETHA taking $64.68 million of it, and 30-day inflows reached $524.3 million. On the protocol side, the Ethereum Foundation activated the Platåberget public testnet on 17 August as the staging ground for Glamsterdam, targeted for Q4 2026.

So the fundamental backdrop is genuinely better than it was three weeks ago. The question is whether the chart can absorb a 29% move without giving it all back.

What does the Ethereum chart say right now?

ETH has flipped from a downtrend to a confirmed bullish structure for the first time since February, but it is doing so in deeply overbought territory.

The 200 EMA sits at $2,139.36 and had acted as a ceiling for the entire summer, sloping down and capping every rally attempt from May through mid-August. Price spent June crashing to roughly $1,512, then July and early August grinding sideways in a $1,850 to $1,980 box.

The breakout candle did not just clear the 200 EMA. It cleared $2,200 and $2,430 in a single session, which is three separate structural levels in one move. Price is now trading 15.6% above the 200 EMA, and the moving average itself has started to curl upward for the first time in months.

That is the bullish read. Here is the caveat: RSI (14) prints 79.30 against its own signal line at 65.00. Anything above 70 is overbought, and 79 on the daily is the kind of reading that usually resolves through either a sharp pullback or an extended sideways cooling period. It rarely resolves by simply continuing straight up.

There is also the shape of the move to consider. The candle from $1,950 to $2,300 is close to vertical, which means there is almost no traded volume in that band. Thin ranges like that tend to get revisited eventually, because there are no resting bids inside them to slow a decline.

What are the upside targets for ETH?

$3,000 is the objective this structure points to, but it is a Q4 target reached in three steps, not a two-week move.

Start with why $3,000 is the number worth watching rather than an arbitrary round figure.

Measure the entire bear leg from the August 2025 all-time high near $4,950 down to the June 2026 low around $1,512. That is a range of roughly $3,438. The 0.382 retracement of that decline sits near $2,825 and the 0.50 retracement sits near $3,231. In other words, $3,000 falls almost exactly in the middle of the standard recovery band for a move of this size. It is also the round number that carries the heaviest resting order flow, and it sits inside the zone where ETH spent significant time trading in early 2026 before the breakdown, meaning there is real historical volume anchoring it rather than empty air.

From the current $2,472, that is a 21% move. For context, Ethereum just delivered 29% in a single week, so the magnitude itself is not the obstacle. The sequencing is.

Here is the path in order.

• Step one, $2,546. The swing high from 22 August. ETH tagged it, rejected, and has been building a tight range between roughly $2,424 and $2,483 since. Nothing happens on the upside until this clears on a daily close.
• Step two, $2,750. Above the swing high the chart is clean all the way to this level, marked as the upper yellow band. It was the last meaningful supply zone before the spring breakdown. This is the genuine test, because it is the first place where trapped sellers from the earlier decline get their chance to exit at breakeven. Expect the move to stall here at least once.
• Step three, $3,000. Only reachable if $2,750 breaks on expanding volume rather than a low-volume wick. On the chart above, this level sits off the top of the visible range, which is worth stating plainly: it is an extension target, not a level currently being tested.

The honest framing on that upper target is that it requires the macro tailwind to persist. Specifically, it needs the Clarity Act procedural vote in September to go the market's way, and it needs ETF inflows to keep running above $70 million a day rather than flattening out the way they did in mid-August. If either of those breaks down, $2,750 caps the move and $3,000 stays theoretical.

Where is support if Ethereum pulls back?

$2,430 is the first line, $2,200 is the real test, and $2,139 at the 200 EMA is where the bull case actually lives or dies.

Work down the chart in order.

• $2,430 is the immediate flip level. It was resistance on the way up and price is currently using it as a floor. Losing it on a daily close signals the breakout is being sold rather than absorbed.
• $2,200 is the next horizontal. This is a level ETH respected repeatedly in May before the breakdown, and it sits right at the midpoint of the August spike. A retest here would be normal and healthy, and it would work off the RSI overbought condition without breaking anything structurally.
• $2,139.36 is the 200 EMA and the single most important number on the chart. Ethereum spent four months below it. Falling back under it would reclassify the entire August move as a liquidation-driven spike rather than a trend reversal, and it would put $2,000 back in play immediately.

Below that, the air gets thin fast. The $1,900 area was the July and August base, and $1,800 is the horizontal that held through the whole summer recovery. A move to $1,800 would mean the macro trade unwound entirely, and realistically that requires the Treasury liquidity story to reverse or the Clarity Act to die in the Senate.

Is the ETH breakout sustainable or is this a squeeze?

It is both, and that is exactly why the next two weeks matter more than the last two.

Short squeezes are real price discovery, but they are not organic demand. The $2.77 billion in liquidated shorts created forced buying that has now largely exhausted itself. What replaces it determines the next leg.

The bullish evidence for sustainability: ETF inflows continued through and after the squeeze rather than reversing, corporate treasury accumulation is ongoing with BitMine holding roughly 5.82 million ETH or about 4.8% of supply, and the regulatory catalysts are forward-looking rather than already priced.

The bearish evidence: derivatives leverage has already reset once, with mid-August deleveraging cutting around $3 billion in open interest, and analysts have flagged concentrated leveraged positions on Aave as a hidden liquidation risk if price moves sharply in either direction. $Ethereum also remains roughly 50% below its August 2025 all-time high near $4,950, so there is a great deal of trapped supply overhead as price climbs.

The clean tell is the monthly close. August closes on Sunday. A monthly candle that closes above $2,400 means the market absorbed the breakout. A close back below $2,200 means it was sold into.

Ethereum price prediction summary

• Base case: ETH consolidates between $2,400 and $2,550 into early September, works the RSI back toward 60, then attempts $2,750 once the September Clarity Act vote clears. This is the most likely path, and it puts $3,000 in reach late in Q4 rather than this month.
• Bull case: a daily close above $2,546 on strong volume takes ETH to $2,750 within two weeks. Clearing $2,750 opens $3,000, which lines up with the 0.382 to 0.50 retracement band of the entire bear leg and would coincide with Glamsterdam anticipation building into Q4.
• Bear case: failure to hold $2,430 triggers a retrace into the thin $2,200 zone. Losing the 200 EMA at $2,139 invalidates the reversal, reopens $1,900, and takes $3,000 off the table entirely.

The level that decides everything is $2,139. Everything above it is a bullish structure with a pullback risk. Everything below it is a failed breakout.

The short answer first: you can buy more bitcoin at a price of around $77,000, but not every method is the right one at this level. If you are already invested, a bitcoin savings plan is the calmer route, because it smooths out the weekly and daily swings. If you have been standing on the sidelines for months and want to invest a fixed amount, a lump sum purchase is statistically no worse, and more often than not it is better. The useful question is therefore not which method wins in general, but which one suits your starting position and the amount you have in mind. That is what this text is about.

It is Sunday, August 24, 2026. Bitcoin gained 22.78 percent in the week from August 16 to 23 and, according to a CoinMarketCap reading taken on August 23 at 11:28 UTC, stands at $77,256.75. Trading volume over the past 24 hours came to $27.80 billion. It is the strongest bitcoin week since March 2024 and the first price level above $77,000 since the spring.

How to Buy More Bitcoin Cleanly at $77,000

The easiest way to get your head around the topic is to look at a concrete amount. Take 6,000 euros that you will not need in the next three to five years. That gives you three basic options. First: you invest everything today. Second: you spread the 6,000 euros over twelve months at 500 euros each and let a savings plan run. Third: you combine the two, buying part of it today in one go and the rest gradually. All three routes are legitimate, all three carry different risks. There is no single correct answer, but there is one that fits the reality of your life.

The underlying assumption matters: you buy bitcoin only with money you can absorb losing. Bitcoin regularly moves 20 to 30 percent up or down within a month. Anyone who cannot stomach that should halve the amount rather than switch strategy.

What Pushed the Bitcoin Price Up 22 Percent This Week

Last week's rise hangs on several events whose timing added up. On August 19, US President Donald Trump received the leadership of the crypto industry and its regulators at the White House and there publicly called for the Clarity Act to be passed. The bill is meant to end the turf war between the SEC and the CFTC and to classify crypto assets as either a security or a commodity depending on how they are built. It already passed the House of Representatives in 2025 and has been stuck in the US Senate for months.

On the same day, US spot bitcoin ETFs recorded net inflows of $517 million, the strongest day in three and a half months. Of that, $284.7 million went to the iShares Bitcoin Trust. Inflows into Ethereum came to $189 million. On top of that came the announcement by US Treasury Secretary Scott Bessent that buyback limits for long-dated bonds would be doubled. That pushes long-term rates down and shifts capital into real assets, a category many investors count bitcoin among.

The point for your decision: the lift comes from a regulatory promise and from macro-driven reallocation, not from any new application. Whether the Clarity Act clears the Senate in 2026 is open. Prediction markets currently give it around a 16 percent chance, and the cloture vote in the Senate is scheduled after the return from recess on September 15. Anyone buying today is buying ahead of a regulatory promise that has yet to be delivered.

Lump Sum or Savings Plan: Which Strategy Suits Which Investor

A lump sum purchase means you swap your amount into bitcoin on a single day. The advantage: you are invested immediately, you pay the order fee only once, and you lock in the starting point of the next price move. The drawback: if the price falls ten percent the day after your purchase, you carry a visible paper loss, and that hits most investors emotionally harder than a quiet run of losses spread over weeks.

A bitcoin savings plan breaks the amount into equally sized portions and buys them at fixed intervals. The advantage: you smooth the swings, you never hit the single worst entry day, and you relieve yourself of the psychological question of whether today is the moment. The drawback: in rising markets a savings plan systematically lags the lump sum purchase, because later purchases are made at higher prices.

Academic work from Vanguard's research arm in the US shows that over long periods a lump sum purchase beats the savings plan in two out of three cases on average, because markets rise more often than they fall. For bitcoin the rule does not hold quite as neatly: price moves are more violent and recovery phases longer. That is why the bitcoin savings plan is usually the calmer choice for beginners, though it is not automatically the higher-returning one.

How a Bitcoin Savings Plan Works Technically and What It Costs

A crypto savings plan is a recurring chain of purchase orders at a provider of your choice. You set which day of the month a given sum is debited from your reference account and swapped into bitcoin at the market price. For this the provider charges you either a fixed order fee, a percentage markup on the market price, or it earns through the spread between the buying and selling price.

The cost range in Germany runs from roughly 0.5 percent per execution at the cheapest broker savings plans to more than 1.5 percent at convenient app solutions. Anyone saving 500 euros a month pays 60 euros a year at a fee of one percent. Over five years that is 300 euros flowing into the provider's margin instead of into bitcoin. If you are torn between two providers, the fee is the first criterion you may stop worrying about once it sits below one percent. Our comparison of regulated crypto exchanges provides an overview.

Which intervals work in practice

Monthly is the most common choice and works for most savers, because salary and outgoings are on a monthly rhythm. Weekly smooths the price swings more strongly, but triples the number of executions and with it the total fee, provided the provider bills per execution. Daily makes little sense at most German providers, because minimum amounts and per-execution fees bite. A two-week rhythm is a solid compromise where your broker allows it.

Why You Should Not Rule Out a Lump Sum Purchase at This Price

A widespread reflex says: after a rally you do not go in with a lump sum. That sounds sensible but is empirically questionable. If you examine bitcoin weeks with a gain of more than 20 percent since 2018, the price four weeks later was higher in the majority of cases, not lower. The reason lies in the structure of the bitcoin market: in many cycles rallies mark the transition into a momentum phase rather than the end of one.

What the Cost Average Effect and Volatility Really Mean for Your Calculation

The cost average effect is the mathematical consequence of the savings plan. If you invest the same euro amount every month, you buy less bitcoin at high prices and more at low ones. Your average entry price ends up below the arithmetic mean of all monthly prices. This is no magic effect but a consequence of the harmonic mean, which mathematically is always smaller than or equal to the arithmetic one.

Volatility, meaning the typical price movement over time, currently sits at around 60 percent a year for bitcoin. Equity indices such as the DAX move at around 20 percent. In everyday terms bitcoin therefore swings three to four times as much as a broad equity market. For the savings plan that is an advantage, because large swings amplify the cost average effect. For the lump sum purchase it is a risk, because the chance of a false start of 15 to 30 percent within a month is real.

How Large the Amount Should Be and When You Are Better Off Doing Nothing

A workable rule of thumb for the size of your bitcoin share of total assets sits between two and ten percent. Below two percent, bitcoin will not move your portfolio noticeably whatever happens. Above ten percent, a single asset class carries your financial wellbeing, and with an asset running 60 percent annual volatility that is careless. Anyone putting all their savings into bitcoin is speculating, however the order is structured.

There are moments when you are better off buying nothing. If you have no liquid emergency cushion of three to six months of net salary, your next euro belongs in an instant access savings account rather than in bitcoin. If you are servicing a loan at more than four percent interest, paying it down is the better return. And if you first heard of bitcoin within the past seven days, give yourself a week to think before you trigger an order.

Which German Providers Come Into Question for Savings Plans and Lump Sum Purchases

German investors have several routes. Regulated crypto exchanges based or licensed in the EU offer both lump sum purchases and savings plans, often with BaFin-registered custody solutions. Neobrokers from the traditional securities world offer crypto savings plans as ETP-like constructs, where you hold bitcoin economically without holding the coins yourself. Pure crypto apps offer the lowest entry amounts, often from one euro, but the highest percentage fees.

Which route suits you depends less on the provider's name than on two questions: do you want to transfer the coins to your own wallet later, or is custody at the provider enough for you? And do you trust yourself with a seed phrase and a private key, or should a third party handle custody? Anyone wanting to hold the coins themselves picks an exchange that allows withdrawals to a hardware wallet. Anyone taking the convenient route picks a neobroker with a crypto savings plan.

What the Clarity Act and the ETF Tailwind Mean for Your Timing

Regulatory impulses have repeatedly triggered short-term price jumps in recent years, but they have rarely determined the long-term direction on their own. Should it become law, the Clarity Act would give US trading venues more legal certainty in handling crypto assets. Institutional inflows through ETFs could accelerate. Should the bill fail in September or October, a price setback is likely, because part of the rally rests on that expectation.

For your savings plan both outcomes are irrelevant, because by construction it absorbs either case. For a lump sum purchase the following applies: anyone timing their purchase date around a political vote accepts the corresponding headline risk. Anyone setting that date independently is buying a position in the running cycle, with no special expectation attached.

How to Factor Tax and the Holding Period In at the Point of Purchase

In Germany, bitcoin counts as a private economic asset under Section 23 of the Income Tax Act. Price gains from a sale are tax-free after a holding period of twelve months, provided you hold them as private assets. If you buy on August 24, 2026, a sale from August 25, 2027 onwards will be tax-free, assuming the current legal position holds. Within the holding period the gain is charged at your personal income tax rate plus the solidarity surcharge and, where applicable, church tax, once annual gains exceed 1,000 euros. Losses within the year can be offset against other private disposals.

With a savings plan, every monthly tranche has its own holding period. The tranche from August 2026 becomes tax-free in August 2027, the tranche from September 2026 in September 2027. Your broker should manage these tranches automatically using the first-in-first-out method. For the tax report, using a crypto tax tool from the outset pays off, so that a later partial sale does not force you to sort order CSVs retrospectively.

Buying More Bitcoin: What to Take Away

Three numbered steps with which you can make the decision today.

1. Set your budget before choosing a provider. Define the bitcoin share of your total assets at between two and ten percent and work out what that means in euros. Halve the figure if a loss of 30 percent would cost you sleep. Only then do you compare the exchanges that fit.
2. Choose the method that suits your starting position. If you are already invested and want to top up, a bitcoin savings plan is the calmer route. If you have been waiting for months and the move is getting on your nerves anyway, buy three quarters of your target position today in one go and put the rest into a savings plan. You will find the providers for that in the savings plan comparison.
3. Think about custody and tax from the start. Small amounts may sit at the exchange, larger holdings belong in your own wallet. Anyone planning to hold for the long run picks capable hardware. The overview is in the hardware wallet comparison.

For context on this week and the triggers of the price jump, see our article Bitcoin Price Above $75,000: 3 Reasons for the Rally. If you want to go deeper into the macro-financial framework, the connection between the dollar, gold and bitcoin is in our analysis Dollar at a Two and a Half Month Low, Gold Above $4,400, Bitcoin Up 8 Percent.

Two market reports serve as primary sources for this text: the overview by CNBC on the White House meeting and the inflow data on spot bitcoin ETFs at The Block.

(As of August 24, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

Bitcoin Savings Plan in Austria: How the Moving Average Price Is Calculated for Tax

Bitcoin savings plans spread the purchase across many individual transactions. Anyone investing 200 euros a month, for instance, inevitably buys their bitcoin at different prices. For the later tax calculation the question therefore arises: which purchase price applies when only part of the coins is sold?

Austria uses the moving average price for this as a matter of principle. Where units of the same cryptocurrency are acquired one after another and held at the same crypto address, their acquisition costs are merged into a single average price. With a wallet, the wallet as a whole can serve as the relevant reference unit instead.

How the Calculation Works

An investor buys through a savings plan:

• 0.01 BTC for 300 euros
• 0.01 BTC for 400 euros
• 0.01 BTC for 500 euros

In total they then hold 0.03 BTC with acquisition costs of 1,200 euros.

The moving average price therefore comes to:

1,200 euros ÷ 0.03 BTC = 40,000 euros per BTC

If the investor subsequently sells 0.01 BTC, acquisition costs of 400 euros are as a rule attributed to that portion.

What is not decisive, then, is whether the bitcoin sold are the ones bought first, last or at a particular price.

Every New Savings Plan Purchase Shifts the Average

The average price is not fixed for good. Every further purchase of the same cryptocurrency at the same relevant address or wallet changes it.

Anyone buying a further 0.01 BTC for 600 euros, for example, then holds:

• 0.04 BTC
• total acquisition costs: 1,800 euros
• new average price: 45,000 euros per BTC

At the next taxable sale this updated average price is used as a matter of principle. The Austrian crypto asset regulation prescribes this method both for the capital gains tax deduction and for the income tax assessment.

Several Wallets Can Carry Different Average Prices

Anyone spreading their savings plan holdings across several wallets should note that not all of a person's bitcoin are automatically merged into a single average price. The Austrian rules attach in principle to the respective crypto address or wallet. As a result, two wallets holding bitcoin belonging to the same person can carry different acquisition costs for tax purposes.

With an Austrian provider obliged to withhold capital gains tax, that provider may determine whether the individual address or the wallet as a whole is used as the reference unit. Once used, this reference unit is then also decisive for the assessment.

Legacy Bitcoin Holdings Are Treated Separately

One important exception concerns bitcoin acquired up to and including February 28, 2021. Such legacy assets are not included in the moving average price of the newer holdings. Bitcoin for which flat-rate acquisition costs were applied because tax data was missing likewise do not feed into the normal average price. Despite regular savings plan purchases, investors may therefore face a tax separation between older and newer holdings.

When Does Tax Actually Arise?

The savings plan purchase itself does not as a rule trigger income tax on price gains. The holding becomes relevant for tax purposes above all on a later realisation, for instance on a sale for euros. For bitcoin acquired after February 28, 2021, realised gains are as a rule subject to the special tax rate of 27.5 percent. The holding period plays no role in principle.

Example:

• average acquisition costs: 40,000 euros per BTC
• sale of 0.1 BTC at a price of 70,000 euros
• sale proceeds: 7,000 euros
• acquisition costs: 4,000 euros
• taxable gain: 3,000 euros

At 27.5 percent this produces a tax of 825 euros as a matter of principle.

Conclusion

With a bitcoin savings plan, Austria does not work out the acquisition price for tax separately for each unit sold. For bitcoin of the same kind acquired one after another at the same relevant address or wallet, the moving average price applies in principle. Every new savings plan purchase shifts that average. Legacy holdings from before March 2021 and certain flat-rate valued holdings, by contrast, are treated separately. With long-running savings plans in particular, investors should therefore document purchase history, wallet transfers and the tax cost basis used in each case on a lasting basis.

(As of August 24, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

Anyone forced to close an account at a crypto exchange should download the full transaction history before the cut-off date. The reason is crypto tax: it is up to you to prove to the tax office when you bought and what you paid. Once the account is closed, the trading record is as a rule no longer retrievable, and the burden of proof still sits with you.

This is not a theoretical question at the moment. Over the coming weeks, several trading venues reach deadlines after which accounts are closed, balances are sold off by force, or individual tokens are pulled from trading. It also catches investors who did nothing wrong and simply happened to be at the wrong exchange.

Crypto Tax and the Duty of Proof: Why the Exchange Does Not Keep Your Records for You

A crypto exchange is not a German credit institution. It issues no annual tax certificate, it withholds no capital gains tax, and once the business relationship ends it owes you nothing beyond the statutory minimum. What is left of your trading year is whatever you secured yourself.

With a securities account in Germany, the bank does this work. It knows your acquisition costs, offsets losses and reports the result. In crypto, that automatic process does not exist. For private investors, gains from selling Bitcoin or other crypto assets fall under other income and are declared on the Anlage SO form, using figures that you supply.

That shifts the risk. If you sit down to your tax return next April and discover the exchange has been offline for seven months, you do not have an evidence problem with the exchange. You have one with the tax office.

What the Tax Authorities Want to See on Private Disposals

A private disposal means a sale within the statutory period whose gain is taxable. For crypto assets, Section 23 (1) sentence 1 no. 2 of the German Income Tax Act applies, the rule for other economic assets. It turns on whether no more than one year lies between acquisition and disposal.

The entire data requirement follows from that one sentence. To show that a sale took place after the one-year period expired, you need the acquisition date. To calculate a gain, you need the acquisition cost in euros. And to prove that you stayed below the exemption threshold, you need every transaction of the calendar year, not only the large ones. Under the wording of the law, the total gain from private disposals stays tax-free only if it came to less than 1,000 euros in the calendar year.

An exemption threshold is a different thing from an allowance: once it is exceeded, the entire gain becomes taxable and not merely the part above it. Someone who ends the year at 1,050 euros pays tax on 1,050 euros. That is exactly why completeness matters and an approximate overview does not.

Five Deadlines Before the End of September: Which Accounts Are Closing Now

What prompted this article are deadlines already running, not a forecast. According to the notices of the respective providers and consistent reports in the trade press, five dates fall before the end of September that concern German investors directly:

• BitMart ends trading on August 26, 2026 at 01:00 UTC; by its own account, the exchange accepts withdrawal requests only until 05:00 UTC the same day.
• Kraken has set a withdrawal deadline of August 27, 2026 at 14:00 UTC for a series of delisted tokens; remaining balances are liquidated by the exchange itself thereafter.
• Bitfinex permits withdrawals for 13 affected tokens until August 31, 2026 at 10:00 UTC.
• Luno closes its EU accounts on September 1, 2026; selling and euro withdrawals are possible only until August 31.
• BitMEX, following its own delisting notice in August, has announced the closure of the entire exchange for September 23, 2026.

A detailed list of these dates with the respective times can be found in our overview of crypto exchange deadlines. For the tax question, one point is decisive that rarely appears in the announcements: all of these notices govern how long you can withdraw your money. None of them says how long you will still reach your data afterwards.

Transaction History, Tax Report and Account Statement: What Separates the Terms

These three things get mixed up in everyday use, even though they are worth very different amounts.

Transaction history

The transaction history is the raw file of every movement on your account, usually a CSV with timestamp, trading pair, quantity, price and fee. It is awkward to read and at the same time the most valuable thing you can take with you, because everything else can be reconstructed from it.

Tax report

A tax report is an already processed summary that calculates gains and losses by a particular method. It is convenient, but only as good as the assumptions behind it, and it is hard to verify without the underlying raw data.

Account statement

The account statement shows deposits and withdrawals in euros. It proves that money moved, but says nothing about which coins were bought when and at what price. As the sole basis for crypto tax it will not do.

If you have to choose between the three formats, take the raw data. A finished report can be produced from it at any time, for instance with one of the programs in our comparison of crypto tax tools and portfolio trackers. The other way round does not work.

Section 90 of the Fiscal Code: Why “the Exchange No Longer Exists” Is Not an Excuse

There is a provision that fits precisely this case, and in the debate about crypto tax it usually falls by the wayside. Section 90 of the German Fiscal Code obliges the parties involved to cooperate in establishing the facts. For matters abroad, subsection 2 requires them to exhaust every legal and factual possibility to clarify the facts and obtain evidence.

The uncomfortable part for you sits at the end of that subsection: nobody can invoke a lack of means to clarify matters if they could have secured those means through the way they arranged their own affairs. Someone who knew their account would close at the end of the month and still did not pull the export is therefore in a worse position than someone whose exchange collapsed without warning.

In practice this leads to estimation. If the tax office cannot determine the tax base, it may estimate it under Section 162 of the Fiscal Code, and an estimate rarely turns out in your favor. In the worst case an acquisition price of zero is assumed, so that the entire disposal proceeds count as gain.

FIFO and the Holding Period: Which Data Decide Tax Exemption

FIFO stands for “first in, first out” and means that where several holdings of the same kind exist, the ones acquired first count as sold first. The law prescribes this order expressly for equivalent foreign currency amounts, and the tax authorities apply the same thinking to crypto holdings held per wallet or per exchange.

The tax exemption of a sale therefore hangs on one very specific piece of information: the date of the oldest acquisition in each case. Anyone who has been buying regularly for years has dozens of such dates. They sit in the transaction history and nowhere else.

An example makes the difference tangible. Suppose you bought Bitcoin in small amounts over three years and sell part of it in the fall. If the matched purchase lies more than a year back, the gain stays tax-free under current law. If you cannot document the date, the exemption counts as unproven, because the burden of establishing circumstances that reduce tax sits with you. The same applies to holdings in Ethereum or any other coin.

Forced Liquidation and Delisting: Why an Enforced Sale Is Still Taxable

Many of the current cases do not end with someone selling voluntarily. In a delisting followed by liquidation, the exchange sells the remaining holdings itself and credits the customer with the proceeds. For tax purposes that is a disposal like any other. The fact that you did not trigger it changes nothing about that.

An awkward combination follows from this. The taxable event and the loss of access to the data fall on the same date. The disposal you have to declare in the following year therefore takes place at exactly the moment when the records for it disappear. How such a forced sale plays out in detail is something we set out in our piece on the forced sale at a crypto exchange.

On top of that come costs that eat into the proceeds. Several venues winding down charge fees on balances left behind after the cut-off date; what that adds up to we have collected in our text on residual balances after an exchange closes.

DAC8 and the Crypto Asset Tax Transparency Act: What the Tax Office Will Soon See Anyway

Alongside these wind-downs, the information available to the tax offices is changing. Under the EU directive DAC8, implemented in Germany through the Crypto Asset Tax Transparency Act, providers of crypto asset services become subject to reporting duties. The competent authority is the Federal Central Tax Office, which receives the data and passes it on according to taxing rights. The stated aim is to uncover cross-border arrangements.

For you this has one immediate consequence. Part of your trading data will in future reach the tax office without any action on your part, and it will do so from the exchange's point of view. If your own record then diverges from the reported one, you have to be able to explain the divergence. That works with complete raw data and fails with an estimate from memory.

The scope matters here: the providers carry the reporting duty, you do not. The report does not replace your tax return and does not necessarily contain the acquisition data that matters for the holding period. Above all it raises the likelihood that a gap is noticed.

Which Exchange Delivers What: Why You Should Check This Beforehand

How much a trading venue hands over varies widely, and it can hardly be compared reliably from the outside: the help centers of the large providers are largely blocked against automated retrieval, and what is written there often applies only to certain countries. A dependable list of who issues a finished German tax report and who supplies only a CSV file is therefore something we cannot present at this point.

What can be said: a full raw data export is common at most established venues, whereas a finished report under German tax law is the exception. Check this inside your account while you still have one. When choosing a new venue, this point is worth as close a look as the fees; our overview of regulated crypto exchanges classifies the providers licensed in the EU.

What Exactly to Export Before Access Ends

The following order is sorted by importance. If time is short, work through it from top to bottom.

The complete trading record

All trades since the account was opened, not only the current year. Make sure the export period really reaches back to the first purchase; many interfaces propose only the last twelve months by default. If an annual limit applies, pull the file several times, year by year.

Deposits and withdrawals in euros as well as all crypto transfers

These movements connect your bank account with the exchange account and your exchange account with your wallet. Without them there is no way to show later where a holding came from. Transfers between your own addresses are not a disposal, but you must be able to prove that the addresses were your own.

Staking, interest and bonus payments

These inflows are treated differently for tax purposes than a sale and frequently appear in a separate list that the standard export leaves out. Check whether your venue reports them separately, and download that file as well.

Fee statements and the final balance

Trading and withdrawal fees reduce the gain and should therefore be documented. A screenshot of the balance on the last day costs you fifteen seconds and is a serviceable anchor later, should a figure become disputed.

Save everything twice, in two different places, and do not change the file names. An unaltered original file with the name the exchange gave it looks more credible in a query than a table you named yourself.

If Access Is Already Gone: Which Routes Remain

If you are reading this text too late, not everything is lost. Contacting support is worth it even after the closure, because many providers have to retain data for a while for regulatory reasons, even when the interface has been switched off. A request for access under Article 15 of the General Data Protection Regulation is a legitimate way to obtain the data held about you.

Beyond that, your own traces help: bank statements show deposits and withdrawals with date and amount, old confirmation emails often contain individual trades, and transfers to your own wallet can be traced on the blockchain. Whatever you rebuild from this you should label as a reconstruction and document the method. How to proceed in such a case is described in our piece on crypto taxes without a complete history.

For larger amounts, or if you are unsure whether a gap might be judged reckless, going to a tax adviser with crypto experience is the more sober choice than trying to patch the matter up yourself.

Retention: How Long You Really Need the Data

A statutory retention period of the kind that applies to merchants does not apply to you as a private investor. What is relevant in practice are the periods within which a tax assessment can still be amended. The regular assessment period for income tax is four years and only begins at the end of the year in which the return was filed. In cases of tax evasion it extends to ten years.

There is a second reason, though, that reaches further than any deadline: the holding period itself. As long as you hold a position, you need its acquisition date, even if the purchase was ten years ago. Someone who bought in 2017 and never sold needs the records from 2017 in the year they decide to sell. The rule of thumb is therefore simply this: keep the acquisition data for as long as you hold the coins, and the sale data for at least five years afterwards.

If you are moving your holdings to a new venue anyway, that is a good moment to set up your filing cleanly once and for all. Which providers come into question is shown by our comparison of crypto exchanges.

Securing Crypto Tax Records: What to Take Away

1. Pull the complete export before the deadline of your trading venue expires. Trading record since the account was opened, deposits and withdrawals, transfers, staking inflows and fees, as the original file and backed up twice. Whether your provider is affected at all is answered by a look at the list of regulated crypto exchanges.
2. Bring the raw data into a form you will still understand in the spring. A CSV file on its own helps you little if you open it again only in April. A program from the comparison of crypto tax tools and portfolio trackers works out the holding periods and the gain on each sale from it.
3. When you next open an account, check what the provider will hand over to you later. Export function, period and format belong among the selection criteria, not the fee alone. The crypto exchange comparison is the starting point for that.

(As of August 24, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

The information in this article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies carries a high level of risk.

Some trading days see three markets tell the same story. August 19, 2026 was one of them. The dollar index (DXY) fell about 0.9 percent to around 98.8, its lowest reading since May 29. Gold climbed a little more than 2 percent to about $4,480 an ounce, its highest since early June. And bitcoin briefly jumped 8 percent to $69,749, closing the European evening at $68,361 (CoinMarketCap, 9:45 p.m. CEST; dollar and gold data from Barchart and FXStreet, August 19, 2026).

A soft dollar, strong gold and a leaping bitcoin on the same day are not a coincidence. They are three reactions to one decision: the U.S. Treasury is doubling its buybacks of long-dated government bonds.

The Decision That Set It Off

On August 18 the U.S. Treasury announced that its liquidity buybacks at the long end will double from $2 billion to at least $4 billion per operation, effective from September 9 to November 4, 2026. The 30-year U.S. yield, which had touched 5.337 percent the previous day — the highest reading since 2007 — fell back to 5.189 percent on the news.

The chain behind it fits in one sentence: when Washington actively pushes down long-end yields, the dollar loses its rate advantage, and everything that is not the dollar becomes relatively more attractive. That is why three asset classes that rarely march in step moved together on August 19.

Three Markets, One Cause

The gold-and-bitcoin pair is worth a second look. The two are usually cast as rivals, digital versus physical store of value. On days like this they behave as siblings. Both are anti-dollar trades, and both benefit when the world's biggest economy signals that it would rather inflate its debt burden away than tighten its way out.

What This Means for the Coming Weeks

Three checkpoints will decide whether the day becomes a trend:

The Fed minutes and the data. The buyback announcement hit a market that was already watching the central bank. If yields stay down, the tailwind for gold and bitcoin holds; if they push back above the recent highs, August 19 will read as a flash in the pan.

The dollar index around 98. A sustained break of the DXY below the May low would confirm the new regime. A quick rebound would suggest the market is treating the buybacks as a technical measure, not a change of direction.

Whether Washington doubles down. The buybacks run through November 4 for now. If Treasury extends or enlarges them, liquidity maintenance turns into a program. That is precisely the scenario the loudest price calls are betting on, from Standard Chartered's $100,000 year-end target to Arthur Hayes' shouts for $110,000 to $200,000 per bitcoin. Both are wagers on the liquidity thesis, not certainties.

The full story of how the rally played out — including the SEC proposal, the White House summit and the short squeeze — is in our market recap for August 19. The mirror-image day has happened too: earlier this spring gold added $1.3 trillion in market value in a single day while bitcoin stalled, so the roles are interchangeable.

Gold or Bitcoin? A Sharper Answer to the Wrong Question

Anyone reaching for a choice between gold and bitcoin after a day like this is usually asking the wrong question. The two differ less in direction than in character. Gold moves in percent, bitcoin in multiples of that, in both directions. On August 19, gold rose 2 percent and bitcoin 8; in a drawdown the ratio flips the same way.

In practice, that means position size belongs to volatility, not to conviction. And playing both sides of the anti-dollar trade does not require two brokers. At the regulated broker XTB, stocks and ETFs plus CFDs on gold, indices and crypto trade from one account, long or short; new customers currently receive a free Nike share. Those who prefer to buy bitcoin directly rather than through derivatives will find the MiCA-licensed venues, with fees, in our exchange comparison.

Disclosure: The XTB link is a partner link. If you open an account through it, CryptoTicker receives a commission. Your price does not change. CFDs are complex instruments and carry a high risk of loss.

Frequently Asked Questions

Why is the dollar falling right now? The U.S. Treasury is doubling its long-end buybacks from September 9. That pushed long-term yields down, and with the rate advantage the dollar's bid faded: the DXY hit its lowest level since late May on August 19.

Why are gold and bitcoin rising at the same time? Both are yield-free anti-dollar assets. When the dollar and real yields fall together, the opportunity cost of holding either drops, and both become cheaper for buyers outside the dollar zone.

Is this already a dollar crisis? No. A decline to a two-and-a-half-month low is a sizable move, but not a crisis. The buybacks run to November 4 for now; whether they harden into a regime change will be settled by an extension and by yields.

What does it mean for my portfolio? That the "gold or bitcoin" question matters less than position size. Bitcoin moves several times as far as gold, in both directions. Holding both means holding two versions of the same bet against the dollar, not two independent assets.

Sources

• U.S. Department of the Treasury: Treasury Announces Increased Sizes of Nominal Long-End Liquidity Support Buybacks Beginning September 9 (Aug. 18, 2026)
• Barchart: Dollar Slumps and Gold Rallies as US Treasury Ramps Up Buybacks (Aug. 19, 2026)
• FXStreet: Gold climbs over 2% as US Treasury buyback plan pressures long-term yields (Aug. 19, 2026)
• FXStreet: Forex Today: US Dollar sinks on Treasury buyback ahead of data-heavy Thursday (Aug. 19, 2026)
• CoinMarketCap: Bitcoin price data (Aug. 19, 2026, 9:45 p.m. CEST)

(As of August 19, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

Kevin Warsh gives his first Jackson Hole keynote as Fed chair on Friday, with futures now pricing a September rate hike at 36%.

Witchcraft books had the highest rate of likely AI-generated content at 78%, according to an Originality.ai analysis of more than 2,000 titles.

The breakthrough could come from AI models that help robots understand and interact with the physical world, though widespread adoption may still be years away.

The Entra ID flaw earned the highest possible severity score, but Microsoft says it patched the bug before publishing the CVE and found no evidence it was ever exploited.

A group of 20-odd developers is scanning the Bitcoin ecosystem for AI-discoverable flaws, warning that cheap, powerful models have handed attackers unprecedented reach.

Shiba Inu reconstruction rumors gain attention but SHIB community calls it fake and a scam.

Michael Saylor advises that buying Bitcoin is a way to think like a billionaire, noting that the leading cryptocurrency passes the Bernard Arnault test.

An important vote is open for ZEC holders. Here's what it brings to the table.

Fundstrat’s Tom Lee believes the long-awaited rotation into Ethereum has already begun.

Bitcoin prints its biggest 3-year jump with a 23% short-burning explosion past $77,500, driven by $1.9 billion ETF inflows as it targets the $80,000 wall.

TLDR

• XRP is trading around $1.49, up 2.15% over the past 24 hours.
• Spot XRP ETFs saw $13.24 million in net inflows on August 21, the third straight day of gains.
• Total XRP ETF holdings are close to $1.2 billion.
• Analysts say XRP remains in a consolidation range and needs a clear break above resistance to move higher.
• Some traders point to the $6 to $7 zone as a longer term target based on past cycles.

XRP is trading at $1.49 as of August 23, 2026. The price is up 2.15% over the last 24 hours.

Trading volume sits at $6.7 million. Market capitalization is $93.71 billion, according to CoinMarketCap.

The coin has been moving sideways for weeks. Traders are watching for a move above resistance before calling a new trend.

Analyst EGRAG CRYPTO says XRP is still stuck in a wider consolidation range. A close above the upper resistance zone would need to hold before a new expansion phase could begin.

Until that happens, the current trading range stays the main story for XRP. Sentiment alone has not been enough to push price out of it.

Some traders look back at past cycles for context. XRP has seen long stretches of consolidation after sharp drops, followed by extended rallies.

That pattern does not guarantee a repeat. But it is part of why some investors continue to hold rather than sell.

One reference point some traders use is the $6 to $7 range. XRP’s historical low was $0.98, so that zone would mark a large move from the bottom.

ETF Inflows Keep Climbing

Spot XRP ETFs added $13.24 million in net inflows on August 21. That marked the third straight day of positive flows, according to data shared by BankXRP.

Total holdings across these ETFs are now close to $1.2 billion. The steady inflows point to continued demand through regulated fund products rather than direct token purchases.

Consistent flows do not guarantee a price rally on their own. But they show that investors are choosing to hold positions instead of pulling money out during the current price range.

What Traders Are Watching

XRP’s move has come alongside a broader uptick in the crypto market. Bitcoin has also been climbing in recent sessions.

Traders say a break above resistance combined with continued ETF demand would matter most for XRP’s next move. Without that combination, XRP is likely to stay inside its current trading channel.

If ETF demand slows or resistance holds firm, the price is expected to remain range bound for now. Traders are watching daily ETF flow data alongside price action at resistance for the next signal.

The post XRP (XRP) Price: Holds Near $1.49 as Traders Await Resistance Break appeared first on Blockonomi.

Key Highlights

• SDOT shares climbed 56.16% Friday, ending at $13.18 after reaching an intraday peak of $19.90
• The company eliminated all February debentures, settling $1.08 million in obligations through equity exchanges priced at $8 per share
• TradeOS, Sadot’s AI-powered trading platform, executed its initial commercial deals in July, producing approximately $1 million in preliminary gross revenue
• Following a 1-for-20 reverse split in May, the reduced float has amplified volatility and price movement sensitivity
• The company achieved conditional Nasdaq compliance, temporarily avoiding delisting risk

Shares of Sadot Group finished Friday’s session at $13.18, marking a 56.16% increase on exceptionally heavy volume of 18.89 million shares. The stock reached an intraday peak of $19.90 during the session before retreating to surrender approximately one-third of the day’s gains. The rally added roughly $6.3 million to the company’s market capitalization.

Sadot Group Inc., SDOT

Following market close, the company disclosed plans to eliminate $543,478 in outstanding debt through the issuance of 67,936 shares priced at $8 each. This conversion price represents a 39% discount to Friday’s closing level, presenting a potential headwind for the stock’s momentum.

Throughout August, Sadot completed three separate equity swap agreements, issuing a combined 134,813 shares—approximately 10.2% of its most recently reported total of 1.32 million shares—to fully retire February debenture obligations. The aggregate principal eliminated through these transactions totaled $1.08 million.

The post-market disclosure isn’t the sole obligation linked to the $8 reference level. An additional $4 million senior secured convertible note saw its conversion price adjusted to $8 per share during previous restructuring efforts. The company also maintains access to an equity purchase agreement enabling share sales up to $100 million.

Financial statements for the quarter ending June 30 revealed cash holdings of merely $124,000, representing a decline from $653,000 at year-end. Current liabilities totaled $13.8 million against current assets of $194,000, creating a negative working capital position of $13.6 million. The company reported zero revenue for Q2. The $35.2 million profit recorded during the period stemmed from a deconsolidation accounting gain rather than operational performance. Adjusted EBITDA reflected a $3.3 million loss.

TradeOS Platform Launches

Sadot’s strategic shift toward AI-powered commodity trading advanced in July as its TradeOS platform executed initial commercial transactions. Preliminary gross revenue from these early trades totaled approximately $1 million, though management indicated this amount will not materially impact anticipated Q3 financial results.

TradeOS functions as an integrated commodity trading and risk management solution. The company also completed acquisition of TradeIQ intellectual property to incorporate AI-driven analytical models into its trading framework. CEO Haggai Ravid acknowledged that “significant work ahead” remains regarding balance sheet improvement and maintaining Nasdaq listing standards.

Share Structure and Listing Status

Implementation of a 1-for-20 reverse stock split in late May substantially reduced the tradable float, which accounts for the stock’s susceptibility to dramatic price swings on relatively modest trading activity.

The company recently achieved conditional compliance with Nasdaq’s minimum stockholders’ equity standard, temporarily resolving the immediate delisting concern. Sustained compliance hinges on the next quarterly report.

Settlement share sales are limited to 15% of daily average trading volume. Beneficial ownership is capped at 4.99%, or alternatively 9.99% with advance notification. A Nasdaq exchange cap of 19.99% also applies.

Analyst coverage remains sparse. According to MarketBeat, only one analyst maintains a rating on the stock—a Sell recommendation—with no established consensus price target.

During the upcoming week, investors will monitor whether Friday’s elevated trading activity persists as the 67,936 newly issued settlement shares begin trading.

The post Sadot Group (SDOT) Stock Jumps 56% Following Debt Clearance and AI Platform Launch appeared first on Blockonomi.

TLDR

• US crypto ETFs outside Bitcoin and Ethereum pulled in nearly $90 million last week.
• XRP funds led the group with $39.78 million in new inflows, their best week since May.
• Solana funds added $28.34 million, marking an eighth straight week of gains.
• Hyperliquid ETFs grew after a White House meeting raised hopes for US market access.
• Bitcoin and Ethereum funds still dominated, pulling in a combined $2.61 billion for the week.

US listed crypto funds outside Bitcoin and Ethereum took in almost $90 million last week. The money flowed into XRP, Solana, Chainlink and Hyperliquid products as prices for these tokens climbed.

The gains came as a broader crypto rally pushed investors to look past the two largest digital assets. Newer funds tied to smaller tokens kept extending their streaks of positive weekly inflows.

XRP funds brought in $39.78 million, the strongest weekly total since mid May. That was the sixth straight week of gains for these funds, adding up to about $72 million over that stretch.

Solana funds followed with $28.34 million. This marked an eighth consecutive positive week for Solana products.

XRP and Solana Extend Winning Streaks

Cumulative inflows into XRP funds since launch have now reached roughly $1.55 billion. Weekly trading volume also hit a record $271.74 million.

The price of XRP jumped about 50% during the week, reaching as high as $1.60. It later slipped back to around $1.49.

Solana funds have pulled in about $56.3 million over their eight week run. Total inflows since launch stand near $1.19 billion.

Solana’s price rose close to 24% and briefly traded above $100 for the first time since February. It later dropped back to about $93.

Hyperliquid and Chainlink Gain Ground

Hyperliquid funds added $3.89 million, a third straight week of gains. Over that three week span, inflows reached nearly $10 million.

Total inflows into Hyperliquid products now stand near $287 million, with assets held in the funds topping $350 million. The token’s price hit a record near $82 before falling back to $79.

President Donald Trump met with crypto executives at the White House on August 19. During that meeting, he discussed a path for Hyperliquid to operate legally in the US and asked Congress to move forward on crypto market rules.

Chainlink funds saw their strongest week since launch, taking in $13.35 million. That brought cumulative inflows to about $142 million.

Chainlink’s price rose 22% during the week and touched $12 for the first time since January. It later eased to $11.40.

Smaller funds also saw activity. Avalanche products took in $1.3 million, Hedera funds added $848,000, and Dogecoin funds brought in $654,416.

Bitcoin and Ethereum funds still made up most of the week’s activity. Bitcoin funds pulled in $1.92 billion, while Ethereum funds added $697 million.

Combined, Bitcoin and Ethereum funds took in $2.61 billion, their strongest week since October 2025. That total dwarfed the nearly $90 million that flowed into the smaller altcoin funds.

Even so, the streaks of inflows into XRP, Solana, Chainlink and Hyperliquid funds continued for another week. Prices for all four tokens moved higher during the same stretch.

The post Crypto Funds Beyond Bitcoin and Ethereum See Inflow Streaks Extend appeared first on Blockonomi.

Key Highlights

• On August 24, Shein initiated its Hong Kong public offering, pricing shares between HK$47.60 and HK$49.50 with a potential raise of $1.77 billion
• The company’s IPO valuation sits at approximately $27 billion—a dramatic 70% decline from the $98.2 billion peak achieved in 2022
• First-quarter 2026 revenue expanded by a mere 1.1%, while the company recorded a $99 million net deficit
• Major investors including General Atlantic, Tiger Global, and Tencent pledged $383 million as cornerstone backers
• Shares will commence trading on September 1, marking Hong Kong’s biggest IPO this year

On Monday, August 24, Shein kicked off its highly anticipated Hong Kong initial public offering, putting approximately 280 million Class B shares on the market with a price range of HK$47.60 to HK$49.50 per share. The company aims to secure up to HK$13.86 billion, equivalent to approximately $1.77 billion.

This listing pegs the online fashion giant at around $27 billion—a remarkable decline from the towering $98.2 billion valuation the company commanded during a private financing round back in 2022.

The final share price will be determined on August 31, with official trading on the Hong Kong Stock Exchange commencing September 1.

Years of Roadblocks Before Going Public

This offering represents the culmination of multiple unsuccessful listing attempts over recent years. Shein initially pursued a U.S. public debut but encountered intense examination regarding its Chinese manufacturing network and workforce conditions. The company subsequently explored a London listing, where both regulatory hurdles and political opposition derailed its plans.

In July 2025, Shein submitted a confidential application for a Hong Kong listing, ultimately securing clearance from Chinese securities authorities in July 2026.

Established in China in 2012, the retailer relocated its official headquarters to Singapore in 2021. Despite this move, its production infrastructure continues to rely predominantly on Chinese facilities, creating vulnerability to shifting trade regulations and international tensions.

Decelerating Expansion and Mounting Expenses

The company’s revenue trajectory shows a concerning deceleration pattern. Growth registered 41.1% in 2023, decreased to 20.7% in 2024, and slipped further to 8% in 2025. The opening quarter of 2026 saw growth collapse to a mere 1.1%.

Total 2025 revenue hit approximately $41.85 billion, yet net profit declined 38.7% to $2.06 billion. The first quarter of 2026 delivered a $99 million loss—a stark reversal from the $395 million profit generated in the corresponding period of 2025.

The elimination of America’s de minimis exemption, previously permitting duty-free entry for shipments valued under $800, severely impacted operations. U.S. revenue contracted 14.3% in Q1. Additional European import levies compound these challenges.

Company filings note “significantly higher level of duties and taxes” across American markets, with Chinese-manufactured goods now facing tariff rates spanning 10% to 87.5%.

Approximately $80 million has been earmarked for pending legal matters and regulatory compliance. Active investigations include an FTC inquiry, an EU Digital Services Act examination, and data protection proceedings in both France and Ireland.

Strategic Backers and Capital Deployment

Cornerstone investors have collectively pledged roughly $383 million to the offering. This group features Boyu Capital, General Atlantic, Tiger Global, Tencent, Greenwoods, UBS Asset Management, and Taikang Life.

Management intends to allocate approximately 80% of raised capital toward technological advancement, encompassing artificial intelligence capabilities, data analytics infrastructure, inventory management systems, and supply chain modernization.

This represents Hong Kong’s largest new equity offering in 2026, eclipsing the $751 million Momenta Global listing from July. Year-to-date, Hong Kong markets have generated roughly $41 billion through listings—a record-breaking performance exceeding double the equivalent 2025 period.

Shein maintains operations across approximately 160 nations worldwide. The September 1 market debut will serve as a critical benchmark for the company’s ability to navigate evolving trade frameworks and regulatory environments.

The post Shein’s Hong Kong IPO Prices at $27B Valuation—A 70% Plunge from 2022 Heights appeared first on Blockonomi.

Quick Summary

• AAOI shares plummeted more than 10% in after-hours trading following the unveiling of a $600 million at-the-market share program
• Raymond James and Needham will manage the sale, with funds allocated toward paying down debt, operational capital, and infrastructure investments
• Investor sentiment turned negative in the wake of the disclosure
• Industry peers Coherent and Lumentum delivered robust fourth-quarter earnings and optimistic forward guidance recently
• Deutsche Bank and multiple institutional players established fresh stakes in AAOI throughout the second quarter

Applied Optoelectronics (AAOI) experienced a sharp decline exceeding 10% during overnight trading sessions late Sunday following the company’s disclosure of a $600 million at-the-market equity program, triggering apprehension about potential shareholder dilution.

Applied Optoelectronics, Inc., AAOI

Shares commenced Monday’s session at $124.82, representing a significant retreat from prior trading levels. The company maintains a market capitalization of $10.56 billion, with shares trading in a 52-week band between $18.50 and $233.67, alongside a volatility beta of 3.76.

Regulatory filings detailing the share program were submitted following Friday’s market closure. The sale will be executed through Raymond James and Needham, with capital designated for general corporate applications, encompassing debt reduction, operational funding, and capital investments.

Market sentiment among retail participants shifted decidedly negative in the immediate aftermath of the disclosure. Trading communities remain divided on whether this fundraising initiative signals underlying weakness or represents a strategic maneuver to capitalize on the optical networking industry’s current expansion phase.

Solid Financial Performance Overshadowed

AAOI unveiled its quarterly results on August 6, delivering earnings per share of $0.06, surpassing analyst projections of $0.02 by $0.04. Total revenue reached $191.92 million, marginally exceeding the $190.48 million forecast, representing an 86.3% surge compared to the prior year.

Management provided third-quarter 2026 EPS guidance spanning $0.11 to $0.26. Wall Street analysts collectively anticipate full-year earnings of $0.55 per share.

Although the quarterly performance was respectable, the equity program announcement unnerved shareholders already concerned about recent insider transactions. CEO Thompson Lin divested 59,000 shares on June 12 at $166.53 per share, representing a 4.33% decrease in his holdings. Executive David Kuo simultaneously sold 29,227 shares at an identical price point. Collectively, company insiders have offloaded 329,204 shares valued at more than $56 million across the past three months.

Institutional Buyers Continue Accumulating

However, not all investors are retreating. Deutsche Bank initiated a fresh position in AAOI throughout the second quarter, acquiring 50,726 shares valued at roughly $7.52 million. Rice Hall James and Associates established a stake worth $8.26 million, while Greenwoods Asset Management secured holdings totaling $7.93 million.

Institutional ownership currently comprises 61.70% of outstanding shares.

Wall Street analyst perspectives remain divided. Rosenblatt maintains a Buy recommendation with a $220 price objective. Needham reduced its target from $220 to $190 while preserving its Buy stance. Raymond James reaffirmed an Outperform rating with a $178 target. B. Riley holds a Neutral position, and Weiss Ratings downgraded the equity to Sell.

The aggregate analyst rating stands at Hold, with a mean price target of $139.40.

Industry competitors Coherent and Lumentum each published better-than-anticipated fourth-quarter results accompanied by constructive forward outlooks during the previous week, providing additional perspective on broader sector dynamics even as AAOI’s offering generated market unease.

Technical indicators show AAOI’s 50-day moving average at $127.73, with the 200-day average positioned at $125.42. The company operates with a debt-to-equity ratio of 0.12 and maintains a current ratio of 2.78.

The post Applied Optoelectronics (AAOI) Stock Tumbles 10% Following $600M Share Sale Announcement appeared first on Blockonomi.

The past several days have been quite beneficial for the cryptocurrency market, with Ripple’s XRP being among the top performers.

It has rocketed by almost 50% on a weekly scale, and some analysts believe this is only the beginning of a major bull run. Others think the asset stands at a critical turning point where a double-digit correction is also plausible.

Up or Down?

XRP has followed the green wave in the crypto sector and now trades at roughly $1.50 (per CoinGecko), boasting a market capitalization of over $93 billion. At one point, it flipped BNB to become the fourth-biggest digital asset, but shortly after, it returned to number five.

Traditionally, Ripple’s cross-border token is among the most discussed cryptocurrencies and is often the subject of optimistic price predictions (even when there’s little to no volatility or significant developments). Somewhat expected, the latest revival has made analysts even more bullish.

X user CW claimed that XRP has returned inside an ascending channel, adding that a golden cross has occurred between the EMA lines of the RSI indicator. That said, they believe “a bullish rally has begun.”

The rising institutional interest supports the upward scenario. Spot XRP ETFs have accumulated a serious amount of capital lately, with the last red day being August 5. In fact, last week was the best on that front since May.

Despite the overall bullish outlook, X user Diana made a rather cautious forecast. The analyst noted that XRP’s RSI has dropped from extreme overbought territory, which is good news, indicating “momentum is cooling without the entire move being erased – potentially giving the market room to reset before its next major attempt.” She believes that holding the $1.42-$1.30 range could lead to a further surge to $1.70, but losing $1.42 might trigger a pullback below $1.30.

“A confirmed break above it could restart the expansion higher, while losing $1.30 would be the first major warning that the breakout structure is weakening,” the analyst added.

X user ChartNerd also assumed that a correction is plausible, yet opined that such a downfall “will give you one final opportunity.”

Explosion on the Way?

X users Celal Kucuker and Cup have touched on XRP multiple times in the past and did not miss the chance to give their two cents amid the latest rally.

The former predicted that a rise to $6 is “coming soon,” while the latter argued that XRP repeats the same macro structure that sent the asset vertical in 2017. In their view, this could lead to a massive ascent to a new all-time high of $15.

The post Ripple’s (XRP) at a Crossroads: 15% Upside or a 10% Pullback Coming Next? appeared first on CryptoPotato.

Bitcoin’s price dip to $75,500 was short-lived, at least for now, and the asset has recovered two grand since then, trading at around $77,500 now.

There are several major gainers from the mid-cap alts, while the larger caps have produced more modest increases, such as ETH’s 2% jump.

BTC Above $77K

The primary cryptocurrency stood still for weeks and weeks before it finally exploded above the upper boundary at $65,000 last Wednesday. It flew to $70,000 within hours, faced a quick rejection, before it skyrocketed to $72,000 by Thursday morning.

The bulls kept the pressure on and initiated another leg up that culminated on Friday when bitcoin jumped to almost $80,000 for the first time in over three months. After gaining $15,000, the asset was primed for a correction, which took place during the weekend. As reported, it dipped to $75,500 as Wintermute built up a major short position.

However, the trend appears to have changed, and BTC started recovering some ground on Wednesday and Monday. Earlier today, it tapped $78,000 once again before it was stopped. Nevertheless, it still trades above $77,500 as of press time, up by over 21% since this time last Monday.

Its market cap has climbed to $1.555 trillion on CG, while its dominance over the alts has taken a minor hit and is just below 58%.

ZEC Neared $900

Ethereum has risen past $2,450 after a 2% increase in the past 24 hours. XRP is close to $1.50 once again, while BNB has tapped $700 and has climbed one position higher in terms of market cap. ZEC neared $900 yesterday for the first time in nearly a decade, and sits above $830 now.

Even more impressive gains are evident from mid-cap alts like CC, TAO, SKY, CRO, and others. Moreover, AAVE, MNT, and MORPHO have skyrocketed by double digits. PENGU has returned to the top 100 alts by market cap after a 20% daily surge.

In contrast, ENA, PUMP, and XMR have dropped the most since yesterday, with ENA slumping by more than 8%.

The total crypto market cap has added around $30 billion since yesterday and is up to $2.680 trillion on CG.

The post Zcash (ZEC) Explodes Past $800, Bitcoin (BTC) Reclaims $77K: Market Watch appeared first on CryptoPotato.

Bitcoin had a huge week, finally. The crypto asset jumped by 25% and neared $80,000 as the rally gathered serious momentum.

One analyst now believes that the bear market has ended and BTC has entered a “Soft Bull Market,” following its recent breakout above several important resistance levels.

Bears Get Squeezed

Doctor Profit identified $71,000 as extremely strong support and $78,500 as the next major resistance, while explaining that everything between those levels is “noise.” While the analyst is not ruling out a retest of the $71,000 region, he does not expect it to be necessary. According to his analysis, it is the lowest meaningful region Bitcoin could revisit before moving higher.

Meanwhile, a break above $78,500 could help the asset make a run toward approximately $82,000. He expects the “Soft Bull Market” to turn into a full bull market escalation once Bitcoin breaks $82,000 with strength. Doctor Profit also points to BTC’s reaction around $60,000 as evidence that significant capital is ready to enter when fear returns.

“Bulls showed that they are ready to deploy size when fear appears, while everyone waiting for $50K, $40K or some magical four-year-cycle bottom was left watching the market move without them. And personally, I doubt the market will now be generous enough to give the majority another clean opportunity below $71K.”

Addressing concerns about Bitcoin being in an overbought zone, Doctor Profit said the weekly and monthly RSI remain in neutral regions. While the analyst considers the daily RSI important for short-term movements, he does not see it as a major risk at the current price area. Much of the recent move came from shorts being forced to close rather than an overload of new leveraged longs or massive spot purchases, which means that “bears became buyers against their will.”

A similar pattern played out in 2023, when BTC climbed from around $16,000 to $25,000, gaining approximately 56%, before correcting roughly 22% toward $19,000. Fear and Greed then reached extreme fear levels, and many holders who had survived the bear market panic sold as they feared another major collapse.

Instead, Bitcoin quickly reversed and surged from approximately $19,000 to $30,000, a move of almost 60%. The comparison is less about repeating the exact price pattern and more about recurring psychology: fear, disbelief, short squeezes, corrections, panic, capitulation, and eventual expansion, Doctor Profit explained.

Powerful Weekly Reversal

For Ali Martinez, Bitcoin’s latest weekly surge could be an early sign of a new bull market. Back in 2019, the crypto gained almost 32% in one week, while in January 2023, BTC jumped 25% after the FTX collapse, despite deeply bearish sentiment.

Martinez is now seeing a similar setup. The move also came as many traders were expecting a market bottom in October based on the four-year-cycle theory.

The post Bitcoin’s Bear Market May Be Over After a 20% Rally: But What Comes Next? (Analyst) appeared first on CryptoPotato.

Bitcoin experienced its most impressive weekly rally in three years last week when it surged from under $65,000 to almost $80,000 in the span of less than 48 hours.

Such explosive moves are typically followed by a sharp retracement as investors tend to secure profits, especially following weeks and months of sideways activity without any major gains.

BTC has indeed corrected slightly since that three-month high, but remains rather stable at around $77,000. However, one bear continues to believe that a more profound decline is right around the corner.

Lookonchain shared one major bear’s activity, in which the anonymous trader opened yet another big short (no pun intended). On-chain data showed that the latest position is a 40x short on 300 BTC, currently worth over $23 million.

What’s particularly interesting is their persistence. Ever since bitcoin started to rally, and all alts followed suit, the trader has shorted BTC and ETH 14 times, but to no avail.

The analysts at Lookonchain noted that the bear’s losses so far exceed $4.50 million after losing all 14 shorts in just five days.

This bear is back for his 15th short!

Over the past 5 days, he has shorted $BTC and $ETH 14 times, losing every single time for a total loss of $4.56M.

Now he’s opened a 40x short on 300 $BTC ($23.13M).

Can he finally win one?

Wallet:… pic.twitter.com/0joLI7Sebw

— Lookonchain (@lookonchain) August 24, 2026

The post Bitcoin Bear Gets Burned 14 Times in 5 Days – Then Opens Another Major Short appeared first on CryptoPotato.

After one bitcoin’s most volatile and impressive weeks, the cryptocurrency market has turned its attention to important US macro news to be announced in the next five days.

The analysts at the Kobeissi Letter highlighted several such events scheduled next, but three stand out for the crypto industry: the July PCE inflation report, revised second-quarter GDP data, and the Federal Reserve Chair Kevin Warsh’s highly anticipated appearance at Jackson Hole for the first time.

All Eyes on Wednesday

Monday is expected to be a quiet day, with nothing major scheduled. The data coming on Tuesday will probably not impact crypto, as it’s the August CB consumer confidence data and the July new home sales data. However, it all changes on Wednesday, which will be the busiest day of the week.

The Bureau of Economic Analysis will release July’s Personal Consumption Expenditures (PCE) Price Index and core PCE at 8:30 ET, which remains particularly important as it continues to be the Fed’s preferred measure for assessing underlying inflationary pressures.

Economists cited by Kiplinger expect core PCE to rise slightly month over month and 3.2% annually. Such a reading would leave underlying inflation higher than the Fed’s 2% objective, despite relatively encouraging CPI and PPI figures from earlier this month.

As usual, hotter-than-expected readings could strengthen expectations that US interest rates will remain elevated or even rise again, potentially pushing Treasury yields and the dollar higher. In contrast, softer reading would likely have the opposite effect by reducing pressure on the Fed to tighten monetary policy further.

The other big event on Wednesday will be the release of the second estimate of US GDP for Q2. The advance reading showed annualized growth of just 1.5%, down significantly from 2.1% during Q1.

Key Events This Week:

1. August CB Consumer Confidence data – Tuesday

2. July New Home Sales data – Tuesday

3. July PCE Inflation data – Wednesday

4. US Q2 2026 GDP data – Wednesday

5. Nvidia, $NVDA, Reports Earnings – Wednesday

6. August MI Consumer Sentiment data – Friday…

— The Kobeissi Letter (@KobeissiLetter) August 23, 2026

Warsh Goes to Jackson Hole

The other major development will take place on Friday when Fed Chair Kevin Warsh delivers his first keynote address after his appointment at the annual Jackson Hole Economic Policy Symposium. This speech will come at a particularly sensitive moment since the central bank left its benchmark rate unchanged at 3.50%-3.75% during its July meeting, but three policymakers voted for a hike.

Longer-term treasury yields have surged, with the 10-year recently around 4.73% and the 30-year above 5.2%. Investors will continue to look for clues about how Warsh and the Fed view persistent inflation and whether another rate hike remains on the table.

His stance, especially if it’s clear, will likely impact BTC, which rose from $64,000 to almost $80,000 at the end of last week, but it has stalled at around $77,000 since then.

The post Bitcoin’s Rally Faces a Crucial Week: These 3 Macro Events Could Decide the Next Move appeared first on CryptoPotato.