This groundbreaking Bitcoin-only M&A deal highlights a shift towards cryptocurrency in corporate finance, potentially influencing future transactions.

The post H100 Group completes world’s first Bitcoin-for-Bitcoin M&A deal appeared first on Crypto Briefing.

Open-sourcing Solana's tokens directory fosters transparency, community collaboration, and could set standards for real-world asset tokenization.

The post Solana Foundation open-sources tokens directory and API for verified assets appeared first on Crypto Briefing.

Robinhood's UK crypto integration via Bitstamp positions it as a comprehensive financial platform, aligning with evolving regulatory landscapes.

The post Robinhood integrates crypto trading into UK app via Bitstamp appeared first on Crypto Briefing.

Unitree's IPO could accelerate China's robotics sector growth, setting a valuation benchmark and intensifying global competition in AI robotics.

The post Unitree Robotics prepares to list on Shanghai Stock Exchange with $9B valuation appeared first on Crypto Briefing.

Pumpfun's rise signals a shift towards dynamic protocols, challenging Hyperliquid's market position and impacting its future revenue prospects.

The post Pumpfun surpasses Hyperliquid in 30-day revenue, now 3rd in crypto earnings appeared first on Crypto Briefing.

Bitcoin Magazine

Trump Media Pulls Back From Crypto Deals: Report

The President Donald Trump-backed media company, Trump Media and Technology Group, is pulling back from two of its crypto deals, according to a report by Axios. 

The publication reported Friday that the two deals with Crypto.com — a prediction market and treasury — would not go ahead. 

Citing comments from fusion energy company TAE’s interim CEO, Kevin McGurn, the publication said that Trump Media had pulled the deals as the market for digital asset treasury companies had become saturated over the past year.

Trump Media last year said it was working with crypto exchange Crypto.com to build a Cronos treasury with $6.4 billion in backing. Cronos is the native coin of Crypto.com’s platform. 

It later in 2025 said it was working with Crypto.com on Truth Predict, a betting platform to allow users to put money on sports games, elections and other events.

Digital asset treasuries exploded in popularity last year, with companies following in the footsteps of Nasdaq-listed software company Strategy to build balance sheets with Bitcoin and other cryptocurrencies. 

But a slump in prices since October has hurt the stock of a number of companies who adopted the business idea. 

McGurn was quoted saying that the decision to scale back was driven more by “competitive dynamics” rather than regulatory concerns surrounding a crypto company backed by the president.

President Trump campaigned on a ticket to help the crypto space and received backing from major players in the space. 

The president since taking office has launched a meme coin and he and his family backed a crypto project, World Liberty Financial. 

Axios added that the exchange-traded funds debuted last year by Trump Media, special purpose acquisition company Yorkville Acquisition Corp., and Crypto.com would continue. 

This post Trump Media Pulls Back From Crypto Deals: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Senators Cynthia Lummis and Angela Alsobrooks Say Bipartisan Work on Clarity Act Continues Despite Delays

The Clarity Act may be delayed — for now — but pro-crypto senators remain committed to the fight. 

And not just Republicans: Democratic Senator Angela Alsobrooks accompanied conservative “Bitcoin Senator” Cynthia Lummis in assuring voters that work was being done on the bill. 

Lawmakers were hoping a crucial vote on the long-awaited crypto market structure bill was to go ahead before a five-week recess but news dropped Friday that it was too little, too late. Now, the Senate will vote on the bill in September. 

“We’ve worked for over a year on a bipartisan basis to protect consumers, limit deposit flight, fight illicit finance, and include a fair deal on ethics,” Alsobrooks said in a statement. 

Lummis, who had previously blasted Democrats for holding back the bill, added: “There will be a time where I can say more, but for now, let me say this, we’ve come too far to quit. I will continue working with my colleagues to get this done — this fight is far from over.”

Passed last year in the House of Representatives, the Clarity Act started small but its text has grown over the months. 

This is partly because of banking lobby chiefs locking horns with crypto exchanges over concerns they pay customers too much yield with their stablecoin products. But Democrats also have wanted more work on the ethics side of the bill. 

A bill banning government officials from promoting and making money was circulating among lawmakers in July though some lawmakers said it still fell short. 

Lummis last week said she was genuinely “struggling to understand” what else Democrats wanted for the bill. Some suggested they may have been playing politics ahead of the midterms. 

A number of Democrats have criticized the way the Trump family has profited from digital asset ventures, such as the President’s memecoin, $TRUMP, and World Liberty Financial project. 

Trump and the White House have always denied any conflicts of interest, and the President has also highlighted that Democrats have cashed in trading stocks. 

This post Senators Cynthia Lummis and Angela Alsobrooks Say Bipartisan Work on Clarity Act Continues Despite Delays first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Coldcard Bitcoin Hack: Victims Report Median Loss of 1 BTC as Theft Tops $111 Million

New analysis of Bitcoin theft reports reveals that stolen funds overwhelmingly came from long-dormant wallets, with victims reporting a median loss of over one coin.

Data posted on X from Galaxy Research’s Alex Thorn looked at 250 victim reports and found the typical stolen coin had sat untouched for 3.5 years, and a striking 88% of pilfered funds were at least a year old. 

By address, losses ranged from a median of 0.014 Bitcoin to a mean of 0.212 Bitcoin, while individual victims reported a median loss of 1.022 Bitcoin and an average of 4.04 Bitcoin — with one unlucky holder losing as much as 58.97 coins. 

Hackers started by taking over $35 million in Bitcoin from wallets last week Thursday. Coinkite, which makes Coldcard, said that a firmware bug in Coldcard Mk3 devices — starting with version 4.0.1 in March 2021 — caused seed generation to fall back to a weak software Pseudorandom Number Generator instead of the hardware true random number generator, allowing hackers to essentially guess investor seedphrases. 

The theft continued throughout the weekend while Coinkite and other Bitcoiners urged Coldcard users to immediately move their funds.

Galaxy Research said Friday that a total of $111 million has been confirmed stolen but the number could be much higher as it continues its research. 

“We have many more coins we are vetting for confirmation — we think total losses likely exceed $130 million,” the firm wrote on X. 

Since the attack, cautious investors have been moving their coins to other storage solutions — including exchanges.

Coinkite said in a statement this week that the bug in its software “silently went unnoticed” and “its potential impact grew with every release” of its products. 

Days after the first hack, the company urged investors to update their software or move their funds off the popular hardware wallet. 

This post Coldcard Bitcoin Hack: Victims Report Median Loss of 1 BTC as Theft Tops $111 Million first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Shrugs off Coldcard Hack and Clarity Act Delays, Price Chops Higher as Investors Buy ETFs

Bitcoin was trading higher on Friday — despite negative news circulating regarding the Clarity Act delay and a massive exploit of the popular Coldcard wallets. 

The biggest cryptocurrency was trading above $65,170 today, up nearly 4% over the past week, despite significant headwinds against the asset. 

Little over a week ago, hackers started stealing millions in Bitcoin from Coldcard wallets after discovering a vulnerability in the product’s software. Some estimates put the amount of Bitcoin lost now at over $130 million. 

The incident has rattled the BTC community that typically praises cold storage solutions. 

And news dropped late Thursday night that the crypto market structure bill would be delayed until September as lawmakers break for recess. The bill, if approved, would set in stone digital asset regulation in the U.S. and would be bullish for the biggest cryptocurrency. 

Still, Bitcoin made gains as investors carried on buying shares of the exchange-traded funds: BlackRock’s iShares Bitcoin Trust, and Morgan Stanley’s fund have both seen significant inflows this week, according to data from Farside Investors. 

Bitcoin’s price has typically done well when investors have thrown cash at the products, managed by Fidelity, Grayscale, and other top asset managers. 

Since the beginning of this week, $763.6 million in fresh cash has hit the funds. 

Bloomberg Intelligence’s senior ETF analyst, Eric Balchunas, said the flows might not be related to the Coldcard hack, but it would make sense for investors to rotate into the highly successful products. 

A firmware flaw in the popular Coldcard hardware wallets, built by Canadian company Coinkite, has allowed an attacker to guess weak private keys.

Millions of dollars in Bitcoin has been drained on a daily basis since the attack, and cautious investors have been moving their coins to other storage solutions — including exchanges. 

This post Bitcoin Shrugs off Coldcard Hack and Clarity Act Delays, Price Chops Higher as Investors Buy ETFs first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin ETFs Add Nearly $800 Million in the Wake of Coldcard Exploit

One of the biggest Bitcoin security stories of the year unfolded last week as a firmware exploit affecting certain Coldcard hardware wallets renewed industry debate around self-custody and operational security.

At the same time, another story was developing in the background.

Over the same seven trading days, U.S. spot Bitcoin ETFs attracted $790.6 million in net inflows, according to the Bitcoin For Corporations ETF Dashboard. More than $1.0 billion entered the funds while $212.7 million exited, resulting in one of the strongest weekly periods in recent months.

The two developments are not necessarily related. ETF flow data cannot tell us why investors bought Bitcoin. What it does tell us is what they actually did. And during a week dominated by security headlines, institutional capital continued flowing into regulated Bitcoin investment products.

One Red Day Didn’t Change the Trend

The seven-day flow chart tells a simple story. There was one notable setback.

On July 31, U.S. spot Bitcoin ETFs recorded $212.7 million in net outflows, the only negative session during the period.

After that, buyers returned almost immediately.

The next four trading sessions posted consecutive gains:

• Aug. 3: +$170.1M
• Aug. 4: +$207.8M
• Aug. 5: +$241.6M
• Aug. 6: +$99.4M

By the end of the week, the positive days had more than offset the lone selloff.

Instead of focusing on individual trading sessions, the seven-day view shows where capital ultimately moved—and during this period, it moved into Bitcoin.

BlackRock Continued to Lead the Way

As has been the case for much of the ETF era, BlackRock’s IBIT accounted for the majority of inflows.

Over the seven-day period:

• IBIT attracted $757.5 million in rolling net inflows.
• It extended its streak to four consecutive inflow days.
• On the latest trading day alone, it added $128.3 million.

Other issuers also participated.

Fidelity’s FBTC added $11.2 million on the latest session, while Bitwise’s BITB added $1.7 million. A handful of funds experienced modest outflows, but none came close to offsetting IBIT’s continued strength.

The result was a week where inflows remained broad enough to keep total ETF demand firmly positive.

What ETF Flows Can and Can’t Tell Us

ETF flows are one of the clearest windows into institutional participation in Bitcoin. They show where money moved. They do not explain investor motivation.

It’s impossible to conclude from one week’s data whether buyers viewed the Coldcard exploit as insignificant, saw it as an opportunity to buy, or simply continued executing long-term allocation strategies that were already in motion.

What can be observed is that institutional demand remained resilient during a week when Bitcoin security dominated industry headlines.

A security incident involving one custody solution is different from the broader investment case for Bitcoin, and ETF investors appeared comfortable continuing to allocate capital through regulated products.

Why This Matters

Bitcoin is no longer accessed through a single path. Some investors choose self-custody. Others hold Bitcoin through public companies. Many institutions access Bitcoin through regulated ETFs. Each approach comes with its own tradeoffs, operational considerations, and risk profile.

Events like the Coldcard exploit naturally increase attention on custody practices. At the same time, ETF flow data provides a useful lens into whether institutional demand is changing beneath the headlines.

This week, the numbers suggest demand remained intact.

Follow Institutional Bitcoin Demand in Real Time

Daily ETF flows have become one of the most important indicators of institutional participation in Bitcoin.

The spot Bitcoin ETF Dashboard tracks:

• Daily net inflows and outflows
• Rolling 7-day momentum
• Issuer-by-issuer rankings
• Estimated Bitcoin held by U.S. spot ETFs
• Market share and concentration trends
• Historical flow data across every issuer

Whether you’re monitoring institutional adoption, evaluating market structure, or simply trying to separate headlines from capital flows, the dashboard provides a real-time view of where money is moving.

Explore the live Bitcoin ETF Dashboard: https://bitcoinforcorporations.com/bitcoin-etf-dashboard/

As new flow data is published each trading day, the dashboard updates to help investors and corporate decision-makers track one of the market’s clearest signals of institutional Bitcoin demand.

Disclaimer: This content was prepared on behalf of Bitcoin For Corporations for informational purposes only. It reflects the author’s own analysis and opinion and should not be relied upon as investment advice. Nothing in this article constitutes an offer, invitation, or solicitation to purchase, sell, or subscribe for any security or financial product.

This post Bitcoin ETFs Add Nearly $800 Million in the Wake of Coldcard Exploit first appeared on Bitcoin Magazine and is written by Nick Ward.

AI Financial Corp. has swapped ALT5 Sigma Canada for a secured note and restricted shares. As a result, only $1 million of note principal is due in the near term, while a separate, conditional WLFI transferability window approaches.

On Aug. 3, the company sold its indirect, wholly owned subsidiary to Prime Delta. Under the terms disclosed Aug. 7, AI Financial received a $12 million secured promissory note and 11,551,750 restricted Prime Delta shares. Prime Delta must pay the first $1 million of note principal on Aug. 11.

Prime Delta must pay the remaining $11 million from 20% of its post-closing equity financings. If those payments do not retire the balance, four annual installments of $2.75 million will begin Aug. 3, 2027. In addition, the note carries 4% annual interest. All of Prime Delta's assets secure it, and three third parties guarantee it.

Overall, the deal exchanges an operating subsidiary for mostly deferred consideration rather than cash at closing. ALT5 Sigma Canada generated $23.5 million of revenue and a $3.3 million net loss in 2025, after recording $15.5 million of revenue and a $600,000 profit in 2024.

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Meanwhile, in its May 18 report for the quarter ended March 28, AI Financial disclosed $10.5 million of cash and $12.3 million of operating cash use for the period. Moreover, the company also reported a $271.3 million loss from continuing operations, a working-capital deficit and substantial doubt about its ability to continue as a going concern. Against that baseline, the sale creates a near-term claim on $1 million but leaves most of the note dependent on future financing proceeds or later installments.

The WLFI date remains conditional

On June 10, management said its financial position had improved, pointing to its World Liberty Financial token holdings. In that update, AI Financial expected 3,583,585,650 WLFI to become transferable Aug. 12, subject to the effectiveness of a resale registration statement covering shares issued to World Liberty Financial and shares underlying the warrants granted to it.

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However, AI Financial also said token availability should not be read as an intention to sell. Transferability would create an option, not cash by itself.

The company's May 18 quarterly report said it had not yet filed the required resale registration statement. At the same time, the SEC submissions available through Aug. 8 contained no public filing showing that the condition had become effective.

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Finally, the transaction does not remove AI Financial's near-term liquidity pressure. The first test is whether Prime Delta makes the $1 million payment due Aug. 11; meanwhile, the next day's larger WLFI liquidity window remains conditional.

The post Swapping a $23M business for $1M cash while banking on locked WLFI tokens shows how dire crypto balance sheets have become appeared first on CryptoSlate.

The Treasury auctions will total $125 billion from Aug. 11 through Aug. 13, while two inflation reports land hours before the corresponding 10-year and 30-year sales. The sequence will show whether softer bond demand and any resulting rise in yields coincide with pressure on Bitcoin.

The Treasury refunding plan starts with $58 billion of 3-year notes at 1 p.m. EDT on Aug. 11. It continues with $42 billion of 10-year notes at the same time on Aug. 12 and $25 billion of 30-year bonds on Aug. 13. All three settle Aug. 17.

The gross total is not a $125 billion liquidity drain. About $96.3 billion will refinance privately held debt maturing Aug. 15, leaving approximately $28.7 billion of new cash to raise from investors.

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The Bureau of Labor Statistics calendar places July CPI at 8:30 a.m. EDT on Aug. 12, four and a half hours before the 10-year auction. July PPI arrives at 8:30 a.m. the following day, the same interval before the 30-year sale. Together, the releases and Treasury auctions create a tightly timed test of bond demand and Bitcoin’s response.

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At the latest official business-day cutoff on Aug. 7, the Treasury's par-yield curve showed 3-year, 10-year and 30-year yields at 4.25%, 4.65% and 5.19%, respectively. A CryptoSlate snapshot retrieved Aug. 9 at 11:25:23 UTC showed Bitcoin at $64,928.71; the live price is timestamp-sensitive.

The Sunday Bitcoin quote and Friday Treasury fixing do not provide simultaneous market evidence. Any link between yields and Bitcoin must be judged around the same inflation releases and auction results.

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The July results set a baseline for the August Treasury auctions.

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FinancialJuice reported that the July 3-year and 10-year sales stopped through their when-issued yields by 0.6 basis point each, while the 30-year sale stopped through by 0.3 basis point. Treasury does not publish when-issued levels, so the tail comparison is a secondary benchmark rather than an official statistic.

A comparatively weak August result would combine a positive tail with a lower bid-to-cover ratio and lower indirect-bidder share than the matching July sale. One reading alone is not decisive, and auction size plus the July reopening status of the longer securities affect the comparison.

The sharper Bitcoin risk case is conditional: inflation pushes yields higher, several auction metrics point to softer demand, yields remain elevated, and Bitcoin falls in the same event window. Firm auctions or a stable Bitcoin price would weaken that case. New York Fed research found Bitcoin broadly disconnected from monetary and macro news in its historical sample, underscoring why the Treasury auctions should be read as a test of conditions, not an automatic sell signal for Bitcoin.

The post Yields are spiking toward 5.2%, but history shows Bitcoin might completely ignore Wall Street’s $125 billion stress test appeared first on CryptoSlate.

Canary Capital’s Canary XRP ETF (XRPC) ended the first half of 2026 with $81.6 million less in net assets even after capital-share transactions added a net $82.4 million, showing how falling asset values can overwhelm growth in an exchange-traded fund.

The fund’s unaudited Form 10-Q, filed Aug. 7, showed net assets declining from $322.8 million at Dec. 31, 2025, to $241.2 million at June 30, 2026.

The accounting bridge is direct: capital-share transactions increased net assets by $82.36 million, but the accounting decrease from operations, primarily unrealized XRP depreciation, reduced them by $164.00 million. The difference was the $81.65 million decline in net assets over the six-month period.

XRPC attributed $88.26 million to shares sold and $5.90 million to shares redeemed. Because authorized participants place XRPC’s creation and redemption orders and can settle them in cash or in kind, the $82.36 million is not equivalent to cash inflow and does not directly measure retail-investor buying. The filing does not disclose the period’s cash-versus-in-kind split.

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Unrealized depreciation overwhelmed net share activity

Unrealized depreciation accounted for $159.70 million of the $164.00 million decrease from operations. The balance comprised $3.59 million of realized losses and a $716,898 net investment loss. All are unaudited figures for the full six months, not the second quarter alone.

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The fund’s redemptions therefore did not exceed its new share activity. Net capital-share activity remained positive, but the accounting decrease from operations was nearly twice as large as the value added through capital transactions. Unrealized XRP depreciation, rather than fees or realized losses, dominated that decrease.

The contrast is clearest in XRPC’s holdings. The trust held 231.3 million XRP at June 30, up 55.7 million XRP, or 31.7%, from 175.6 million at the end of 2025. The quantity of XRP rose while unrealized depreciation reduced the dollar value recognized in the portfolio.

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The fund also sold 3.93 million XRP to fund share redemptions during the first half, recording a $3.26 million realized loss on those sales. That was a loss recognized by the fund, not a measure of losses realized by individual XRPC shareholders.

XRPC’s filing captures two simultaneous movements: net capital-share activity and XRP units both increased, while depreciation cut the value of the larger token pool. The result was a fund with more XRP but $81.6 million less in net assets at midyear.

The post Investors poured $82 million into Canary’s XRP ETF, but falling prices erased double what they put in appeared first on CryptoSlate.

Three Grayscale ETF registrations for planned altcoin products were withdrawn in filings accepted just 190 seconds apart on Aug. 7.

The sequence began with the Grayscale Cardano Trust ETF at 4:33:37 p.m. ET, followed by the Grayscale Hedera Trust ETF at 4:34:55 p.m. and the Grayscale Polkadot Trust ETF at 4:36:47 p.m., according to EDGAR filing records.

The Cardano, Hedera and Polkadot Form RWs give the same operative explanation: Grayscale does not intend to proceed with the proposed distribution of shares. The requests also state that the registration statements had not been declared effective, that no securities had been or would be issued or sold under them, and that no preliminary prospectus had been distributed.

The documents are requests to withdraw the three S-1 registration statements under Rule 477, not SEC orders rejecting the proposed ETFs. They provide no separate commercial or regulatory reason for ending the registrations.

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The related product-specific exchange rule proposals were already inactive. SEC records show NYSE Arca withdrew the Cardano proposal on Sept. 29, 2025, while Nasdaq's records list the Polkadot and Hedera proposals as withdrawn on Nov. 3, 2025.

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Those proposals covered whether an exchange could list and trade the products, while the three Grayscale ETF registrations covered the proposed public offering of their shares. The Aug. 7 withdrawals were therefore a separate step that removes the current registration statements.

The SEC had approved generic exchange listing standards for qualifying commodity-based trust shares in September 2025. Eligible spot digital-asset products can use those standards without a product-specific Section 19(b) proposal, but the change did not make a registration statement effective or eliminate Securities Act requirements.

Other Grayscale ETF registrations remain preliminary

Other proposed Grayscale altcoin registrations remain at an earlier stage.

As of an Aug. 8 review of EDGAR records, registration statements for proposed Bittensor, Aave and BNB exchange-traded products remained preliminary and had not become effective.

Cited registration statements for proposed NEAR and Zcash products also remained preliminary. That status does not establish exchange approval or launch readiness.

Two Grayscale altcoin staking products had reached a later registration milestone. The SEC declared the registration statements for the Grayscale Avalanche Staking ETF and Grayscale Hyperliquid Staking ETF effective on March 11 and June 2, respectively. The effectiveness notices alone do not establish when either product began trading.

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The withdrawals reduce the number of Grayscale ETF registrations while leaving other filings at different stages. Because the requests state no motive beyond the decision not to proceed, they do not show whether demand, regulation or another consideration drove the withdrawals.

The post In just 190 seconds, Grayscale quietly pulled the plug on three major altcoin ETFs appeared first on CryptoSlate.

AIxCrypto Holdings, a pre-revenue company building a robot-rental marketplace while holding digital assets, entered the third quarter with $577,328 in cash after its balance fell 97% in six months. Its nearest stated route to operating revenue, RoboShare, was still preparing a Los Angeles pilot as of Aug. 7.

Cash and cash equivalents fell from $19.33 million at Dec. 31 to $577,328 at June 30. AIxCrypto reported a $10.27 million first-half net loss and used $7.94 million of cash in operations. That operating use was only part of the decline: the cash-flow statement separately recorded a $12 million financing outflow for Faraday Future securities and $2.11 million of proceeds from digital-asset sales.

The Faraday investment was made through an entrusted arrangement with Gold King Arthur Holding Limited and comprised $500,000 of Class A common stock and $11.5 million of Series C preferred stock. AIxCrypto identifies Faraday Future as its controlling majority stockholder, making the investment an allocation involving the company that controls it rather than an unrelated portfolio holding.

AIxCrypto's digital assets fell in fair value to $5.21 million from $10.25 million at year-end, while it recorded a $2.93 million net loss on the assets during the half. Sales, purchases, digital-asset-settled activity and fair-value changes all affected the balance. Its Bitcoin holdings accounted for $2.70 million, or about 52%, of the June 30 portfolio, leaving the remaining holdings exposed to crypto-market volatility.

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The company reported no outstanding debt for borrowed money, but its current liabilities stood at $1.72 million at June 30, almost three times its cash balance. An announced common-stock purchase agreement could provide up to $50 million, but that figure was a maximum commitment rather than cash on hand. The preliminary registration statement said draws could not begin before effectiveness and remained subject to notices, market conditions and other requirements.

The facility set purchases at 93% of a three-day low volume-weighted average price and charged a separate 3% draw fee. The agreement capped issuance at 4,044,975 shares until shareholder approval took effect, meaning realized funding could fall well short of $50 million and come with substantial dilution.

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AIxCrypto introduced RoboShare and its website in June. Its latest results release targeted initial marketplace activity in August and revenue in the third quarter, subject to operational readiness, execution, and applicable revenue-recognition requirements. The company has not yet shown that the marketplace can generate recognized revenue fast enough to reduce the potential need for crypto sales or discounted equity.

The next evidence will be completed rentals, repeat marketplace use and revenue appearing in AIxCrypto's financial statements, not another product-launch announcement.

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Institutional demand for Bitcoin and Ethereum appears to be returning—but anyone looking only at crypto prices might not notice.

U.S. spot Bitcoin and Ethereum ETFs attracted approximately $1.1 billion in combined net inflows during the first full trading week of August. Despite this apparent wave of institutional demand, Bitcoin remains below $65,000 while Ethereum is struggling to move decisively beyond $1,900.

The disconnect raises an important question: If institutions are buying again, why are crypto prices barely moving?

Bitcoin and Ethereum ETFs Record a Strong Week

According to updated data from Farside Investors, U.S. spot Bitcoin ETFs recorded approximately $865 million in net inflows between August 3 and August 7.

Some earlier estimates placed the weekly figure closer to $853.5 million because of differences in reporting times and later data revisions. Either figure represents a significant reversal from the previous week’s outflows.

The most notable part was the consistency. Bitcoin ETFs recorded positive net flows during all five trading sessions:

August 3: $170.1 million

August 4: $211.5 million

August 5: $244.4 million

August 6: $137.6 million

August 7: $101.7 million

BlackRock’s IBIT accounted for approximately $693.5 million of the weekly total, representing around 80% of all Bitcoin ETF inflows.

Ethereum ETFs also had one of their strongest weeks in months. Farside’s Ethereum ETF data shows approximately $244 million in net inflows, despite beginning the week with a small outflow.

Together, Bitcoin and Ethereum ETFs attracted more than $1.1 billion.

Why Did Bitcoin and Ethereum Barely React?

The first explanation is scale.

Bitcoin currently has a market capitalization of approximately $1.3 trillion. While $865 million is a substantial amount of institutional capital, it remains relatively small compared with Bitcoin’s total valuation and daily global trading volume.

ETF demand also represents only one part of the market. Selling on centralized exchanges, over-the-counter desks and derivatives platforms can absorb the buying pressure created by ETF inflows.

In other words, ETFs may be buying, but other investors are still selling.

This could explain why Bitcoin has remained trapped around $64,000 to $65,000 instead of immediately breaking higher. The inflows may be supporting the price and preventing a deeper correction without being large enough to overcome the supply waiting near resistance.

Ethereum has reacted slightly better. ETH climbed from approximately $1,845 at the beginning of the week to around $1,914. However, it has yet to break decisively above the $1,920 resistance area or challenge the psychological $2,000 level.

ETF Inflows Do Not Always Mean Immediate Price Growth

Another factor is how institutional investors use ETFs.

Not every ETF purchase represents a simple bullish bet on rising crypto prices. Some professional investors use ETF shares as part of hedged positions, arbitrage strategies or longer-term portfolio allocations.

This means ETF inflows can increase without generating the same immediate price pressure associated with direct spot purchases from investors who withdraw their coins from exchanges.

Institutional accumulation also tends to be less emotional than retail activity. Large investors can gradually build positions over several weeks instead of chasing a sudden breakout.

The recent inflows may therefore be an early signal rather than an immediate price catalyst.

Is This Silent Accumulation or a Warning?

The optimistic interpretation is that institutions are quietly accumulating Bitcoin and Ethereum while prices remain relatively low.

Five consecutive days of Bitcoin ETF inflows suggest that demand is not based on a single large transaction. The concentration of capital in Bitcoin and Ethereum also shows that institutional investors continue to favor the two largest cryptocurrencies over more speculative altcoins.

If these flows continue, available selling pressure could eventually weaken and allow prices to move higher.

However, there is also a more cautious interpretation. If more than $1.1 billion in ETF inflows cannot push Bitcoin beyond $65,000 or Ethereum toward $2,000, the market may be facing stronger overhead supply than the headline numbers suggest.

In that scenario, ETF demand is being absorbed by sellers rather than creating a genuine breakout.

What Happens Next?

For Bitcoin, the $65,000 to $66,000 area remains the immediate test. A sustained break above this zone, supported by another week of positive ETF flows, would suggest that institutional demand is finally beginning to influence the broader market.

Failure to break higher could keep Bitcoin trapped inside its current range. Losing the $64,000 area would weaken the argument that ETF demand is providing reliable support.

Ethereum must first establish itself above approximately $1,920. A successful breakout could open the path toward $2,000, while rejection would leave ETH vulnerable to another test of the $1,880 to $1,860 area.

The $1.1 billion ETF week is undoubtedly positive, but it has not yet produced a confirmed market breakout. For now, institutional demand appears to be supporting crypto prices—not driving them.

Bitcoin is trading around $64,925 on the daily chart, barely moved on the session at +0.05%. That flat close hides how tight the setup has become. Price is pressed up against the upper half of a two month range, and the levels above and below are close enough that the next daily candle could set the direction for weeks.

The chart has been range bound since the June breakdown. Bitcoin lost the low $70,000s in early June, dropped hard toward the high $50,000s in July, and has been grinding back up ever since. Now it is back at the top of that range with the same question in front of it: does resistance break, or does the range hold again?

Why Is $67,000 The Level Bitcoin Has To Break?

The $67,073 area is the single most important line on the daily chart right now.

• It capped the bounce in mid June after the crash.
• It capped the rally again in early August, where Bitcoin pushed toward it and got rejected.
• It sits directly above the current price, which means every bid from here is buying into known supply.

Two rejections from the same zone turn it into a reference point that both sides of the market are watching. $BTC coin is targeting it, and a daily close above it changes the structure of this chart.

Until that happens, the move off the July low is a range recovery, not a trend reversal.

What Happens If Bitcoin Breaks Above The Resistance?

A clean break and hold above $67,073 opens the door to $74,000.

That is not an arbitrary number. The $74,000 area is where the June sell off began, the origin of the large breakdown candle that took Bitcoin out of the low $70,000s. There is very little structure between $67,000 and $74,000 because the drop through that zone was fast and vertical. Price tends to move quickly back through areas it fell through quickly.

So the bull path is simple:

• Daily close above $67,073 confirms the breakout.
• $74,000 becomes the next meaningful target and the next major resistance.
• A retest of the broken $67,000 zone as support would strengthen the case.

One caveat worth keeping in mind: the 200 EMA sits at $72,339 and is still sloping down. Bitcoin would run into it on the way to $74,000. That makes the $72,000 to $74,000 band the real test of whether this is a genuine trend change or another lower high.

Where Does Bitcoin Go If $64,000 Fails To Hold?

The downside map is more detailed, and that is exactly why the $64,000 area matters.

If $Bitcoin cannot stay above $64,000, the sequence of supports below is:

• $61,858 first, the range floor that has been defended repeatedly since June.
• $60,000 next, the round number where the July basing action took place.
• $57,884 last, the July low and the deepest level on this leg.

Losing $61,858 would be the more serious signal. That line has held every meaningful test for two months. A daily close below it would turn the entire July recovery into a failed bounce and put the July low back in play.

What Do The Indicators Say About Bitcoin Right Now?

The momentum picture is neutral, and that is worth saying plainly instead of forcing a bias.

• RSI is at 49.98, sitting right on the midline. There is no overbought stretch to unwind and no oversold spring to load.
• RSI is below its own moving average at 54.72. Momentum has cooled since the early August push, even though price has held up.
• The 200 EMA at $72,339 is above price and declining. On a higher timeframe, Bitcoin is still in a downtrend.

That combination describes a market that has stopped falling but has not started trending. It is the classic profile of a range that resolves with a breakout, not a slow drift.

What Is Driving Bitcoin Right Now?

The macro backdrop is doing the heavy lifting this week. The July US jobs report came in far weaker than expected, with the economy shedding jobs against forecasts for solid growth and the unemployment rate ticking higher. Weak labour data pushes rate cut expectations forward, and futures markets moved to price in a meaningful chance that the Fed pauses at its September meeting.

Lower rates are generally supportive for risk assets, and Bitcoin caught a bid on the news. That is what carried price back toward the top of the range. Whether it is enough to break $67,073 is the open question, because the last time Bitcoin reached this zone it was rejected.

What Should Traders Watch Next?

The setup reduces to two lines and a bit of patience.

• Above $67,073 on a daily close: structure flips, $74,000 becomes the target, with the 200 EMA around $72,339 as the checkpoint on the way.
• Below $64,000: momentum shifts down, with $61,858, $60,000 and $57,884 as the levels in order.
• Between the two: the range is still the range. Chasing moves inside it has been punished repeatedly since June.

Volume on the breakout attempt matters more than the first candle that pokes through. A high volume daily close above resistance is a signal. A thin wick above it that closes back inside is the same rejection Bitcoin has already produced twice.

Bitcoin is trading around $65,167 on Coinbase, up roughly $900 on the day for a gain of about 1.4%. That comes less than 24 hours after the US Senate confirmed it would not vote on the CLARITY Act before the August recess.

Bad news for regulation. Green candles anyway. Here is what the chart actually says.

What Is Bitcoin Price Doing On The Chart Right Now?

The daily chart shows a market that has stopped falling, not a market that has broken out.

• $Bitcoin sits at roughly $65,167, having opened at $64,267 and printed a daily high near $65,231.
• Price is trading inside a well-defined range with resistance at $67,074 and support at $61,858.
• Below that sits a deeper floor at $57,885, which marked the summer low.
• From here, resistance is only about 2.9% away. Support is roughly 5.1% below. The risk-reward from the middle of a range is rarely attractive.
• The 200 EMA sits at $72,417 and is still sloping downward. Bitcoin is trading roughly 10% beneath it.

That last point is the one that matters most. As long as price is below a falling 200 EMA, the higher timeframe trend is still down. What we are watching is a recovery inside that downtrend, not a reversal of it.

Momentum supports the short-term bounce without confirming anything bigger. The RSI reads about 55.8 against its own moving average near 49.8. Momentum has crossed higher, which is constructive, but 55.8 is a mid-range figure. There is no exhaustion here, and no conviction either.

Why Did The Market Ignore The CLARITY Act Delay?

Three reasons, and none of them are especially bullish on their own.

• The delay was already priced in. Traders had been discounting the odds of a pre-recess vote for over a week. Prediction market odds on the bill passing this year had already fallen from around 30% to roughly 15% before the confirmation landed. By the time Thune spoke, the disappointment was old news.
• Bitcoin is trading on macro, not on Washington. June CPI came in at 3.5% year over year with core inflation easing, and the market is positioning around the latest US jobs data and what it implies for Fed policy. Rate expectations are moving this tape far more than committee negotiations are.
• The delay is not a rejection. The bill cleared Senate Banking in May and merged text landed in July. Nothing was voted down. The calendar moved, not the substance.

There is a fourth reason worth naming: the CLARITY Act was never a near-term price catalyst for Bitcoin specifically. It matters far more for altcoin classification, exchange listings and US custody rules than it does for the asset with the clearest regulatory status in the market.

Is The Whole Market Actually Bullish Here?

This is where the popular framing gets ahead of the data.

• $BTC is still well below its May peak near $82,000.
• It is trading about 10% under a declining 200 EMA.
• It has not reclaimed range resistance at $67,074, a level it has been rejected from repeatedly since June.
• Broader risk assets are outperforming it. Equities have pushed to fresh record highs this month while Bitcoin has added only a couple of percent, which is relative weakness, not leadership.

A better description of the current tape is resilient. Bitcoin absorbed a genuine regulatory disappointment without breaking down, and it did so while sitting above its June and July lows. That is meaningful. It is not the same thing as a bull market.

Bitcoin Price Prediction: What Levels Matter Next For Bitcoin Price?

Keep it simple and watch three prices.

• $67,074. Range resistance. A daily close above it turns the structure constructive and opens the path toward the 200 EMA.
• $72,417. The 200 EMA. Reclaiming this on a closing basis is what would actually flip the higher timeframe trend. Until then, rallies are counter-trend.
• $61,858. Range support. Losing it puts the summer low at $57,885 back in play quickly.

The realistic base case is continued chop between $61,858 and $67,074 into September, when the Senate returns and the CLARITY Act gets its next window. If the bill clears then, the assets most likely to react are not Bitcoin but the altcoins whose legal status the bill would finally define.

Transparency note: This article was produced with the assistance of artificial intelligence and reviewed by our editorial team before publication. All figures and claims were checked against the primary sources linked in the text.

The most important piece of crypto legislation in the United States was supposed to move this week. It did not. Senate Majority Leader John Thune confirmed late Thursday that the CLARITY Act will not get a floor vote before lawmakers leave for the August recess, pushing the whole thing into September.

For an industry that has spent more than a year lobbying for exactly this vote, the timing stings.

What Exactly Happened With The CLARITY Act?

The short version is that the window closed without a deal.

• Thune confirmed the Senate is delaying a vote until lawmakers return from the August recess.
• He said the bill would be queued up first thing when the chamber reconvenes in September.
• Procedural steps such as filing cloture could still happen, but the actual floor vote is off the table until next month.
• The delay reverses expectations set by Senate Banking Committee Chair Tim Scott, who had pushed for a vote before recess.

The bill itself is not dead. It cleared Senate Banking 15 to 9 back in May, and negotiators released merged text in July. What it lacks is 60 votes.

Why Did The Senate Push The Vote To September?

Ethics. Specifically, whose crypto holdings get scrutinised.

• Democrats declined to agree to a time agreement that would have cleared a path to the floor before recess.
• The sticking point is a proposed divestment rule from Senators Thom Tillis and Ruben Gallego, which would force the president and senior federal officials to sell stakes in digital asset companies above a certain size threshold.
• Democrats are also pushing for changes to enforcement provisions and to the commodities section of the bill.
• Illicit finance concerns remain unresolved, with some lawmakers arguing the bill leaves law enforcement without adequate tools. The industry disputes that reading.
• Banks and crypto firms are still fighting separately over rules on rewards paid on stablecoin balances.

Republican support has also wavered, which means this is not a simple one-party holdout.

What Does The Delay Mean For Crypto Markets?

Mostly it means the uncertainty premium stays on the table for another month.

• Prediction market odds on the bill being signed into law this year dropped sharply, falling to roughly 15% from around 30% a week earlier.
• The regulatory question of who supervises what, the SEC or the CFTC, stays open. That keeps listing decisions, custody arrangements and token classifications in limbo for US firms.
• September puts the bill uncomfortably close to the November midterms, when floor time gets scarce and every vote becomes a campaign issue.

Industry reaction was disappointed but not defeated. The Digital Chamber and the Crypto Council for Innovation both framed the delay as a setback in timing rather than direction.

What Happens Next For The CLARITY Act?

Three plausible paths from here:

1. Talks continue through August. The White House and congressional leaders hammer out ethics language during recess, and the Senate votes early in September.
2. Revised text lands first. Senators return with new language on ethics, stablecoin yields and enforcement, then schedule a fresh procedural vote.
3. It slips again. A crowded autumn calendar and campaign season squeeze the bill out, and the whole thing rolls into 2027.

Even if the Senate passes it, the bill goes back to the House before it reaches the president's desk. That is another step, and another calendar.

Transparency note: This article was produced with the assistance of artificial intelligence and reviewed by our editorial team before publication. All figures and claims were checked against the primary sources linked in the text.

Nikita Bier announced on Wednesday that he is stepping down as X's head of product. After a little more than a year, in his own words: "time to pass the torch and demote myself to my natural state: a poster." He stays on as an adviser.

Crypto circles have been treating his exit as a turning point since yesterday. That overstates it — Bier was not the crypto lead at X. The timing is interesting all the same, for one concrete reason: he leaves a few weeks after X launched its payments product, and the question of whether cryptocurrencies will ever arrive there remains unanswered.

What Bier actually built at X

Bier took over product in July 2025. Across roughly 400 days, around 30 new products shipped under his responsibility, and practically every major part of the platform was reworked: the timeline feed, the Android app, new-user onboarding, the notification system, chat and direct messages. TechCrunch has the detail.

His responsibilities are being split rather than refilled: design, core product engineering and mobile engineering go to three different leads. For a company standing up a financial service, that is a notable choice — payment products tend to depend on one hand holding the whole thing together.

The crypto connection: two points, both documented

The first is Smart Cashtags, announced in January 2026. Cashtags have been X's shorthand for tickers for years — a dollar sign in front of a symbol. The smart version was meant to turn that into a financial toolkit. That feature is still described in reporting as the most likely entry point through which cryptocurrencies could reach the platform.

The second point is less flattering. Also in January, X changed its algorithm, and the consequences hit the platform's crypto corners harder than most: shifted reach, a noticeable rise in automated accounts, and a discussion culture that got worse for many users. Anyone following on-chain debate in real time follows it mostly on X — so the complaints were loud.

X Money is running — without crypto

At the end of July, X rolled out its payments product in the US, initially by invitation for Premium and Premium+ subscribers. Two years of groundwork sit behind it, including money transmitter licences across most US jurisdictions. What it does:

The figures and terms are documented at crypto.news. Six percent on balances is an aggressive offer, and it shows what this is about first: gathering deposits, not selling bitcoin.

That is the real finding of the week. Elon Musk has talked about crypto for years and says he holds bitcoin, ether and dogecoin — and the payments product of his own platform launches with Visa and interest. Not with a wallet.

Why that makes sense

A payments product needs licences, and licences come more easily without crypto. In the US, X acquired money transmitter licences state by state. Any crypto capability would have extended that process and brought additional supervisors into it. Launching without them is not a rejection; it is the order every payment provider chooses.

The US Senate wrote to Musk in April about the planned launch and asked questions about oversight — a preview of how closely this will be watched once digital assets are added.

For European users it is further away still

X Money exists only in the US so far. An EU launch would require an e-money licence and, once cryptocurrencies were involved, a MiCA authorisation as a crypto-asset service provider on top. Neither is known to have been applied for.

For a sense of how long that takes: Coinbase received its MiCA licence via Luxembourg in June 2026, after a process that ran for months. The last MiCA transition period expired on 1 July 2026 — since then that authorisation decides who may offer crypto services in Europe at all. Binance withdrew its application in June and is winding down its EU business accordingly.

So anyone waiting to buy bitcoin through X in Europe is waiting on two approvals, neither of which is in progress. Realistically, that is not a 2026 story.

What to take away

A product chief leaving is not, by itself, news that moves a portfolio. What it makes visible is:

• The platform where the crypto debate happens is building a bank — without crypto. That is a more realistic signal about the coming months than any announcement.
• Smart Cashtags remain the thing to watch. If cryptocurrencies come to X, they will likely come there, and likely no earlier than late 2026.
• A feed is not a broker. Buying crypto requires an authorised platform — and those exist today, with names and supervisors.

The concrete step, if you were considering it anyway: check whether your exchange is still permitted to operate under regulation in Europe after 1 July. Since this summer that is no longer a formality but the dividing line between providers who stay and providers who leave. The overview is in our comparison of regulated crypto exchanges. If you buy regularly rather than speculate, the terms are in our guide to buying bitcoin.

And the lesson that outlasts this personnel change: reach does not replace a licence. X built the two separately — first the users, then, slowly and laboriously, the permission. That the crypto capability sits at the end of that sequence rather than the start says more about the maturity of this industry than any announcement on the platform itself.

(As of 6 August 2026. This article is not investment advice. Details of X Money products and terms refer to the US market at the time of publication.)

Transparency note: This article was produced with the assistance of artificial intelligence and reviewed by our editorial team before publication. All figures and claims were checked against the primary sources linked in the text. The feature image was generated with AI.

The breakaway chain drew just 2.53% of mining support, leaving its blocks hours apart and roughly 350 days from a difficulty adjustment while the main network powered ahead.

A volunteer security effort says it has scanned 150 Bitcoin repositories, disclosed more than a dozen vulnerabilities, and is building an open-source AI platform to automate software security reviews.

Senate Majority Leader John Thune filed the motion to proceed early Saturday, setting up a mid-September showdown.

“We want to show customers that we care about what they care about," Robinhood head of crypto Johann Kerbrat told Decrypt.

Truth Social's parent company is unwinding two major Crypto.com deals as new leadership shifts its focus to media, data licensing, and a planned merger with fusion energy company TAE.

Veteran trader Peter Brandt is leaning bearish on Bitcoin’s next move, pointing to a head-and-shoulders pattern.

The market is certainly far from being ready for a proper retrace, even though some assets show a bullish dynamic.

Robin Brooks has renewed his criticism of Bitcoin’s safe-haven credentials, arguing that its underperformance against precious metals during the so-called “debasement trade” shows it has failed to establish itself as a digital equivalent of gold.

Bitcoin pseudonymous creator Satoshi Nakamoto's BTC Stash takes a hit as Bitcoin records a 48% drop from its peak.

The new XRP Ledger expansion amendment could destroy decentralization by forcing nodes to store heavy media files forever, warns Matt Hamilton.

Key Highlights

• SOL climbed approximately 1.90% to reach $76.29, exiting a falling wedge formation
• Critical resistance zone identified between $77–$79, with psychological barrier at $80
• Technical analysts project potential targets of $82, $98, $114, and $130
• Solana ETFs in the US showed no new capital inflows on August 7, maintaining $869.97 million in total holdings
• The token has established a series of rising highs and lows following June’s local bottom

Solana has successfully escaped from a falling wedge consolidation pattern that had constrained price action since the beginning of July. Currently, SOL is hovering around $76.29, reflecting a 1.90% gain in the last 24-hour period.

The pattern breach occurred as SOL climbed above the downward-sloping resistance trendline in the $74–$75 area. The price has subsequently advanced to $76, representing the most decisive exit from the pattern in multiple weeks.

Market analyst CryptoJack drew attention to the technical development on social platforms, emphasizing how price action decisively broke through the resistance boundary. However, continued momentum is necessary to validate the breakout.

The immediate resistance region lies between $77–$79. A decisive break above this range would place the early-July peaks of $82–$84 firmly in the spotlight.

Technical analyst Daan Crypto Trades observed that SOL has constructed a pattern of ascending highs and lows since establishing a local floor in June. He indicated that SOL requires only modest additional upside to initiate the next rally phase, though he emphasized that broader market stability is essential.

Solana ETF Activity Stagnant

Spot Solana exchange-traded funds in the United States registered no new capital inflows on August 7, based on data from SoSoValue. Aggregate assets under management stood at $869.97 million, accounting for 2.02% of Solana’s total market capitalization.

Bitwise’s BSOL dominated the sector with $594.45 million in holdings. Fidelity’s FSOL managed $125.41 million while Grayscale’s GSOL controlled $96.81 million. Despite zero daily inflows across all products, most funds experienced market price appreciation exceeding 1.6%.

Technical Price Projections

Analyst TraderDaink identified multiple upside objectives should the current foundation evolve into a sustained rally. The initial major target stands at $82.25, with subsequent levels at $98.40, $114.55, and $130.70.

Market commentator Gareth Soloway characterized the price movement as a textbook wedge breakout with trajectory potential extending to $100. He emphasized that the breakout gains credibility if SOL maintains support above the $74–$75 range.

Achieving the $100 milestone would necessitate first breaking through the $82–$84 zone and subsequently the $97–$98 resistance area.

Critical Price Zones

The Relative Strength Index currently reads 71.14, positioning SOL slightly within overbought territory. The MACD indicator maintains position above its signal line, indicating bullish momentum.

Solana must defend the $76 level to preserve its near-term bullish structure. A decline beneath $75 would bring the $74 level into play, with more substantial support positioned around $72.

The emerging breakout formation remains valid provided SOL sustains price action above the lower-$70s region.

The post Solana (SOL) Eyes $100 Milestone After Breaking Key Technical Pattern appeared first on Blockonomi.

Key Takeaways

• Mark Esper, former Pentagon chief, characterized the CLARITY Act as essential national security legislation rather than merely financial regulation
• Esper highlighted China’s development of alternative payment infrastructure designed to undermine dollar supremacy
• Senate proceedings will pause before the August break without a vote
• Majority Leader John Thune scheduled cloture filing for a September 15 floor vote
• Trump’s cryptocurrency investments and outstanding ethics questions present the primary hurdles to passage

Mark Esper, who previously served as America’s Defense Secretary, voiced strong support for the CLARITY Act this past Saturday, urging swift Senate approval. In a Financial Times opinion piece, Esper characterized America’s current digital asset regulatory framework as inadequate, essentially providing strategic advantages to adversarial nations.

According to Esper, China has actively developed government-controlled financial infrastructure specifically engineered to circumvent United States oversight mechanisms and diminish the dollar’s worldwide influence. He emphasized the immediate and escalating nature of this challenge.

“I have long argued that China is the greatest strategic threat of our lifetime,” Esper stated. He currently serves on the Coinbase Global Advisory Council.

Esper identified North Korea’s Lazarus Group as another concrete danger. He contended the CLARITY Act would equip the Treasury Department with enhanced capabilities to close cryptocurrency vulnerabilities exploited by North Korean operatives seeking to evade American financial sanctions.

The proposed legislation would expand Treasury’s special-measures capabilities under the USA Patriot Act’s Section 311, which Esper characterized as “one of our sharpest weapons against rogue actors.”

September Timeline Confirmed for Senate Action

Notwithstanding Esper’s advocacy, Senate proceedings on the CLARITY Act won’t occur prior to the August congressional break. Majority Leader John Thune initiated cloture procedures Saturday, establishing September 15 as the prospective voting date.

The postponement followed growing recognition throughout the week that a procedural motion would probably not succeed. Congressional staff members and industry observers indicated the volume of outstanding disputes rendered even preliminary voting impractical.

The principal obstacle involves ethical considerations. Trump’s cryptocurrency business interests have troubled Democrats for more than twelve months. His approximately $1.4 billion in reported cryptocurrency earnings was characterized by one insider as the decisive factor undermining negotiations.

Additional unresolved matters persist. Law enforcement components, agricultural considerations, and mounting questions regarding stablecoin interest payments and incentive structures all require further discussion.

Looking Ahead

Senators Angela Alsobrook and Cynthia Lummis both reaffirmed their dedication to advancing the legislation. Lummis pledged continued efforts, while Alsobrook emphasized achieving bipartisan consensus remains the objective.

Industry observers express mixed assessments. One individual tracking the legislation suggested securing sufficient Democratic support proves challenging, influenced both by ethical controversies and approaching November electoral considerations.

A Senate aide informed CoinDesk that obtaining Democratic backing requires a “legitimate” compromise agreement.

Senator Thom Tillis informed Politico that “the odds drop precipitously” given the proximity of elections and the extended recess period.

Two sources informed CoinDesk the bill maintains realistic passage prospects, emphasizing that August timing represented industry aspirations rather than congressional commitments. The coming five weeks of deliberations will prove critical.

The post Ex-Pentagon Leader Frames CLARITY Act as Defense Priority Amid China Crypto Threats appeared first on Blockonomi.

Key Takeaways

• XRP declined approximately 5% over the past week, settling around $1.03, while BTC, ETH, and SOL posted gains ranging from 1% to 4%
• Overall cryptocurrency market capitalization increased 1.4%, reaching $2.19 trillion
• Weekly XRP ETF inflows plummeted roughly 93% compared to the previous week, totaling just $1 million
• The Senate has postponed voting on the CLARITY Act until at least mid-September
• Technical indicators show XRP trading beneath its 50-day, 100-day, and 200-day EMAs, with RSI hovering around 39

XRP experienced a decline of approximately 5% during the previous week, settling near $1.03, while major cryptocurrencies registered positive momentum. Bitcoin, ethereum, and solana each posted gains ranging between 1% and 4% during the identical timeframe.

The overall cryptocurrency market expanded by 1.4%, elevating the aggregate market capitalization to $2.19 trillion. XRP bucked this trend, hovering around $1.03 as of Monday’s trading session.

What’s particularly notable about this decline is that XRP exchange-traded funds maintained positive net inflows for a consecutive fourth week. Nevertheless, these inflows experienced a dramatic collapse of approximately 93% on a week-over-week basis, dropping to roughly $1 million, based on SoSoValue analytics.

In stark contrast, bitcoin and ethereum ETFs attracted several hundred million dollars in capital during the corresponding period.

Legislative Uncertainty Pressures XRP

Market participants and industry experts identify regulatory ambiguity as a primary factor behind XRP’s underperformance. Senate leadership has postponed its scheduled vote on the CLARITY Act, legislation widely viewed as essential for establishing clear legal guidance regarding XRP’s classification.

The vote has been rescheduled to no earlier than mid-September. Market observers widely believe this legislation represents a prerequisite for substantial institutional capital allocation to XRP.

Iliya Kalchev, an analyst at Nexo, characterized the present market condition as methodical accumulation. “XRP’s positioning looks patient in its own right, with order flow staying large even as volume metrics turn neutral — quiet absorption rather than capitulation or a confirmed breakout,” Kalchev said.

Jake Claver, chairman of Digital Ascension Group and a qualified family office professional, presented a more extended investment thesis. He indicated XRP is “looking more and more like it will claim its spot as a global bridge asset and possibly be recognized by the BIS as tier-one asset in the future.”

Cryptocurrency analyst Amonyx shared a technical chart of XRP on X, indicating the price movement was consolidating before a significant directional shift. The analysis highlighted what they characterized as an approaching breakout, although specific price objectives were not provided.

Technical Analysis Overview

From a chart perspective, XRP is positioned beneath its 50-day EMA at $1.10, its 100-day EMA at $1.18, and its 200-day EMA at $1.37. The RSI indicator registers near 39 while the MACD shows a negative reading, both signaling sustained bearish momentum.

Critical support is located around the $1.00 threshold, where demand may emerge. Resistance barriers are concentrated at $1.10, $1.18, $1.30, $1.37, and a more distant level at $1.90.

XRP is currently changing hands at $1.03 on Monday, representing a modest recovery following last week’s selloff.

The post XRP Price Slides 5% While Bitcoin and Ethereum Surge — What’s the Problem? appeared first on Blockonomi.

Key Points

• Chinese entrepreneur Guren “Bobby” Zhou orchestrated Aqua 1’s $100 million acquisition of World Liberty Financial tokens while facing UK money laundering allegations
• British authorities arrested Zhou in 2021; their probe remained ongoing through late July 2026 without formal charges filed
• Trump family-controlled companies received as much as $75 million from the transaction
• Zhou’s business history includes multiple failed enterprises, including a cryptocurrency initiative whose token value collapsed to zero
• World Liberty Financial maintained it adhered to legal requirements but refused to verify knowledge of Zhou’s funding sources

World Liberty Financial’s largest governance token transaction—valued at $100 million—has been connected to a Chinese national currently being investigated by United Kingdom authorities on money laundering allegations.

The acquisition was executed through Aqua 1, an investment fund operating from the United Arab Emirates. Its principal, Guren “Bobby” Zhou, was taken into custody by British law enforcement in March 2021 under suspicion of money laundering activities. UK officials verified the investigation remained open as recently as late July 2026.

Despite the ongoing probe, Zhou has not faced formal criminal charges. Court documents filed in Britain last November allege his participation in a money laundering scheme involving five additional individuals, with activities traced back to 2019. Two individuals employed by Zhou received charges last September, with one entering a guilty plea. Court proceedings are scheduled for 2028.

Reuters originally exposed Zhou’s connection to Aqua 1. The New York Times subsequently validated these findings using court filings, private documentation, and testimony from Zhou’s former business partners.

Distribution of Proceeds

Through World Liberty Financial’s profit-sharing structure, approximately $75 million from the token purchase was transferred to an entity under the control of Donald Trump and his sons. The transaction also provided financial benefits to relatives of co-founder Zach Witkoff, whose father Steve Witkoff currently holds a position as special envoy in the Trump administration.

Trump’s most recent financial disclosure documents revealed over $65.6 million from WLF Holdco equity transactions and $236.25 million in distributed proceeds from token sales.

Eric Trump conducted a meeting with Zhou in Dubai to negotiate the investment terms. Zhou subsequently characterized the arrangement as participation in “Trump’s family’s crypto venture.”

Zhou’s Commercial Record

Zhou’s professional background has prompted concerns regarding the origin of his investment capital. His earlier ventures included managing a British flooring distribution company that underwent financial restructuring while leaving approximately $5 million in debts to his father’s corporation unpaid.

Subsequently, Zhou established Caduceus, a cryptocurrency initiative that consumed roughly $7.6 million in capital before its token lost virtually all market value by 2024.

Caduceus publicly claimed endorsements from China Merchants Securities UK and the Bin Zayed Group. Both institutions informed the Times that assertions regarding their participation were “unauthorized and materially false.”

Following his relocation to the UAE in 2024, Zhou assumed leadership of Web3Port, a cryptocurrency investment fund that publicized a $10 million World Liberty investment following Trump’s inauguration in January 2025.

Regulatory Compliance Concerns

Blockchain analysis company Arkham Intelligence monitored the token acquisitions. Records show one digital wallet associated with Web3Port purchased $20 million worth of tokens in January 2025. A separate wallet believed to be connected with Aqua 1 acquired an additional $80 million in June.

Representatives for Aqua 1 had previously rejected any affiliation with Web3Port.

David Wachsman, speaking for World Liberty Financial, stated the organization complied with all relevant regulations and operates a compliance framework that “meets or exceeds industry standards.” However, he refused to confirm whether World Liberty Financial had verified the origin of Zhou’s investment capital.

The Times reported being unable to trace the $100 million’s ultimate source. White House representative Anna Kelly asserted Trump faces no conflicts of interest. Zhou did not provide responses to media inquiries.

The post World Liberty Financial’s $100M Deal Tied to UK Money Laundering Investigation appeared first on Blockonomi.

Key Highlights

• Ethereum is currently priced at $1,920.43 with a total market capitalization of $231.76 billion
• Monthly charts show two TD Sequential Buy signals (Black 9 and S13) have triggered
• The critical support zone between $1,800 and $1,850 has successfully defended against recent pullbacks
• Major resistance levels are positioned between $1,980 and $2,000, followed by a secondary target at $2,100
• Weekly net inflows into spot Ethereum ETFs reached $244.94 million, marking the strongest performance in four months

Ethereum is currently hovering near $1,920.43, maintaining its position above a crucial support area while monthly technical indicators suggest a potential shift in trend direction.

Daily trading activity has reached $6.78 billion over the past 24 hours. With a market capitalization hovering around $231.76 billion, Ethereum represents roughly 10.49% of the entire cryptocurrency market valuation.

ETH’s monthly chart has generated two significant TD Sequential Buy indicators: specifically, a Black 9 and an S13 signal. Historically, these technical formations have coincided with major price inflection points for Ethereum.

Market analyst Ali Charts highlighted previous occurrences of these signals. In September 2022, a Black 9 buy signal preceded a substantial 236% upward movement. Similarly, an A13 buy signal recorded in April 2025 resulted in a 258% price surge. While historical patterns don’t ensure future outcomes, market participants are monitoring these developments with interest.

Market observer Ted (@TedPillows) emphasized that ETH continues to maintain support above the $1,900 threshold. According to his assessment, sustained defense of this price level should enable Ethereum to break through the $2,000 mark.

Ethereum has consistently protected the $1,800–$1,850 support range, with buying activity emerging whenever prices test this zone. This region continues to serve as the critical downside reference point.

$2,000 Barrier Represents Critical Breakout Zone

The price corridor between $1,980 and $2,000 has functioned as a significant obstacle throughout the current recovery phase. A decisive move above the $2,000 level would provide the strongest confirmation that upward momentum is accelerating.

Should Ethereum successfully breach this resistance, attention would shift to $2,100 as the subsequent objective. This target aligns closely with the 200-day exponential moving average, currently positioned around $2,124.

From a technical analysis perspective, ETH is trading above its 50-day EMA located at $1,864, though it remains constrained by the 100-day EMA positioned near $1,924. The Relative Strength Index currently reads approximately 56, indicating consistent momentum without entering overbought territory.

The MACD indicator continues to show a marginally negative reading, though gradual improvement suggests diminishing downside pressure.

Spot Ethereum ETF Demand Reaches Peak Levels

From an institutional investment perspective, spot Ethereum exchange-traded funds accumulated $244.94 million in net inflows during the previous week. This represents the strongest weekly performance observed in approximately four months.

Additionally, two cryptocurrency wallets purchased a combined 80,000 ETH, representing approximately $152 million in value during the past several days.

Should Ethereum fail to hold the $1,800 support area, the constructive technical setup would be compromised. The subsequent major support level beneath that zone is located at $1,385.

Ethereum is presently trading marginally below the 100-day EMA at $1,924, representing the immediate resistance level requiring attention in the near term.

The post Ethereum (ETH) Price Eyes $2,000 Breakthrough as Bullish Indicators Mount appeared first on Blockonomi.

In times when most major cryptocurrencies remain flatlined, every big move, even from smaller-cap alts, becomes news. Today’s example comes from Cysic’s CYS.

The token skyrocketed by over 60% from its low yesterday at $0.8 to a new all-time high of $1.30 before it was rejected and driven sharply south to $0.92 as of press time. The most evident catalyst for this was a big listing on South Korea’s major exchange, Upbit.

The controversial part stems from the timing of the rally. The chart above demonstrates that the most substantial wick in the past 12 hours took place at 23:00 UTC on August 9 when the asset tapped $1.30.

However, the actual Upbit announcement on X went live hours later – after 03:00 UTC on August 10. Trading against BTC and USDT began at 14:00 KST (or 05:00 UTC), which raised some eyebrows on Crypto X about potential insider trading.

Nevertheless, the pump-and-dump move is a reality, and the token behind the decentralized infrastructure project building ‘ComputeFi’ is among the most volatile assets today in a rather calm market.

Upbit listings have a long history of impacting the underlying token with immediate gains and subsequent retracements. We reported one such example in early May when the exchange listed B3 – the native token of a layer-3 blockchain network built on Base, and its price skyrocketed by triple digits to $0.0021 at the time.

A quick look at CoinGecko shows that it is trading roughly 80% below that local peak, currently struggling below $0.00045.

The post Cysic (CYS) Skyrockets to New All-Time High on Upbit Listing: Details appeared first on CryptoPotato.

The previous business week ended with a bit of a surprise as the jobs report showed that the US economy had lost 23,000 jobs in July, compared to expectations for roughly 80,000 new positions.

Previous months were revised sharply lower as well, solidifying the argument that the labor market is finally weakening. Although this was initially interpreted as good news for risk assets since a softer economy gives the Fed less reason to tighten monetary policy further, one big obstacle remains, and more light will be shed on it this week.

Inflation Week

The analysts at The Kobeissi Letter described the coming five days as another ‘big week’ for economic data, with July’s CPI and PPI reports getting the most attention. They will be announced on Wednesday and Thursday, respectively, followed by retail sales and consumer sentiment on Friday.

Wednesday’s Consumer Price Index (CPI) report is undoubtedly the main event, especially since last month’s showed a substantial decline. However, it was probably misleading since it was based on lowered energy costs due to the de-escalation of the Middle East war, which has since deteriorated.

Although Friday’s employment report tilted the monetary policy equation toward a no-hike event, another hot inflation reading could quickly reverse the narrative. As usual, a cooler July CPI report could lead to a BTC and altcoin rally due to reduced expectations for a rate hike, and vice versa.

The PPI reading on Thursday will provide another look at inflation, but from a producer’s side. It’s typically less influential than CPI, but a significant upside surprise could reinforce concerns that price pressures remain high.

Friday’s July retail sales could be the dark horse, as stronger consumer spending would demonstrate that the US economy remains resilient despite the weak employment figures. On the surface, this sounds positive, but it could give the Fed another reason to maintain restrictive monetary policy given the current environment.

In contrast, a weak retail sales reading would strengthen the narrative that the economy is slowing, potentially reducing the requirement for additional rate hikes.

Key Events This Week:

1. July Existing Home Sales data – Tuesday

2. OPEC Monthly Report – Wednesday

3. July CPI Inflation data – Wednesday

4. July PPI Inflation data – Thursday

5. July Retail Sales data – Friday

6. August MI Consumer Sentiment data – Friday

It’s a big week…

— The Kobeissi Letter (@KobeissiLetter) August 9, 2026

War Moves

The previous week was also quite eventful, leading to substantial volatility for BTC, which dropped to a monthly low of $62,200 before jumping by over $3,000 at the end of the week. One factor that wasn’t mentioned in the report above is the war against Iran.

Any significant moves in that direction tend to severely impact the crypto market (as well as other financial markets). The promise of a deal from last week brought some hope, but the failure erased it. The latest reports claim that Trump has undertaken a new strategy by “low-keying it with Iran.” According to Axios, he is preparing to allow economic pressure to mount as opposed to ordering a new military offensive.

For now, bitcoin remains sideways at around $65,000 after little to no fluctuations over the past 48 hours.

The post Another Big Macro Week Is Here: 3 Events That Could Move Bitcoin appeared first on CryptoPotato.

Large Bitcoin, Ether, and XRP holders continued accumulating during recent market weakness, analytics firm CryptoQuant said.

The firm’s weekly report, Buying the Bear: A Signal of the Bear Market’s Final Stage, examined the recent accumulation by the largest wallets. It said the steady buying reflects behavior often seen during the closing phase of a bear market.

Whales Accumulate Bitcoin, Ethereum, and XRP

For Bitcoin, wallets linked to major holders, excluding exchanges and miners, expanded their combined balance to about 3.06 million BTC this year. Buying accelerated after Bitcoin fell below $60,000 in June, though holdings remain below the 2025 cycle peak.

Ethereum showed an even stronger accumulation trend among its largest holders. Wallets holding between 10,000 and 100,000 ETH reached a record of 19.6 million ETH. Addresses with more than 100,000 ETH have added about 1.8 million ETH since mid-2025, lifting their holdings by roughly 70%.

The accumulation trend contrasted with activity among smaller Ethereum holders. CryptoQuant noted that wallets outside the largest groups reduced their combined balance by about 2.7 million ETH since January, showing a growing divide between large and smaller holders.

A similar shift was also visible in XRP, where large holders continued increasing their positions despite fears and liquidations.

Realized Prices Point to Late Bear Market Conditions

The recent accumulation comes as all three assets trade near key realized price levels. Realized price is widely used to assess market cycles because it estimates the average acquisition cost of holders.

Bitcoin was trading around $65,000 compared with a realized price of roughly $52,900, while Ether changed hands near $1,920 against a realized price of about $2,450. XRP traded near $1.04 with a realized price of approximately $0.75, levels the firm described as consistent with late-stage bear market conditions.

According to CryptoQuant, the combination of whale accumulation and prices trading near realized values is consistent with the closing phase of a bear market. The firm added that further downside remains possible before a market bottom is confirmed.

The post BTC, ETH, XRP Whales Step Up Accumulation as CryptoQuant Sees the Bear Market Nearing Its End appeared first on CryptoPotato.

This week, Wintermute said institutional investors made up 72% of its spot OTC crypto flow in the first half of 2026, versus 59% a year ago.

Professional investors are changing crypto markets by concentrating on fewer assets, utilizing derivatives, and muting the extreme price swings once associated with retail trading, the firm says.

Institutions Are Reshaping Crypto Trading Patterns

Wintermute’s 1H26 OTC report found that institutional counterparties, including hedge funds, digital asset treasuries, asset managers, and family offices, accounted for 72% of spot flow on its desk between January and June, with the figure rising from 61% in the second half of 2025 and 59% in the first half of 2025.

The company pointed out that institutional activity had become large enough to influence market direction and token performance. It wrote that “institutions are now the clear drivers of Wintermute’s OTC flow,” adding that their trading habits are changing how liquidity is distributed across crypto.

One major shift is that institutions are staying focused on a smaller group of tokens. Between the first half of 2024 and the first half of 2026, the number of unique tokens traded by institutional counterparties increased by just 24%, while among retail traders, the number expanded 76% during the same period.

Wintermute said the increase has created a market where liquidity is increasingly concentrated in fewer assets. Institutional investors have also moved more exposure into derivatives. Altcoin options notional volume on Wintermute’s desk grew 3.4 times between the second half of 2025 and the first half of 2026, as investors used options strategies to generate yield.

The report also linked institutional participation to lower volatility, with Bitcoin’s realized volatility dropping from near 70% in 2025 to about 45% now.

Wintermute CEO Evgeny Gaevoy told Bloomberg Crypto that institutions are changing the way crypto behaves as they become a larger part of trading activity. The firm wrote, “As the patient cohort grows, it is draining crypto of the volatility that once made the asset class so compelling to retail.”

BTC’s Bear Market Looks Different

While the prolonged BTC downturn has seen it drop roughly 49% from its October peak above $126,000 last year, unlike previous crypto winters, the decline has been relatively steady, with fewer sudden and extreme price plunges. The OG cryptocurrency was trading near $65,000 at the time of writing, with data from CoinGecko showing it had barely moved in 24 hours and was up just 1% across seven days.

The report’s findings track with a broader pattern of banks building out crypto infrastructure this year, including Morgan Stanley, which earlier this year announced it would be introducing crypto trading on its E*Trade Platform. The asset management firm also recently launched America’s cheapest ETH and SOL ETFs.

The post Wall Street Tightens Grip on Crypto as Institutions Now Drive 72% of Spot Flow: Report appeared first on CryptoPotato.

Ethereum continues to hold a commanding position in the tokenized real-world asset (RWA) market, while Solana is emerging as the only other ecosystem to build significant spot trading activity, according to a new joint report by CoinShares and Token Terminal.

Other major networks, including Arbitrum, BNB Chain, and Base, have yet to develop meaningful RWA spot trading despite being operational for years.

Established Chains Lead

The report attributed the gap to the concentration of liquidity and trading infrastructure on established networks, where asset issuers and market makers already benefit from active markets. As a result, newer blockchains are also competing to attract established DeFi applications.

There has been a sharp divergence between crypto-native trading activity and tokenized real-world assets over the past year. Between the second quarter of 2025 and the second quarter of 2026, aggregate spot DEX volumes fell by about 70%, while RWA spot trading volumes rose roughly 220% year over year from a much smaller base. The report said the trend suggests tokenized asset adoption is continuing independently of broader crypto market conditions, despite slower growth in recent quarters.

RWA Lending Builds Steam

There is also a widening gap between overall DeFi activity and tokenized real-world assets. Between the second quarter of 2025 and the second quarter of 2026, total DeFi deposits declined by around 15% amid investor withdrawals and lower crypto asset prices.

RWA deposits, on the other hand, across lending platforms and decentralized exchanges, more than tripled. The figures rose from $2.3 billion to $7.4 billion. This trend points to growing demand driven by the financial utility of tokenized assets rather than crypto market conditions alone.

Ethereum remained the leading blockchain for RWA-backed lending as well, with nearly 70% of all real-world asset deposits allocated to lending platforms built on the network. This makes it the primary ecosystem for on-chain collateral.

Meanwhile, Plasma ranked second, supported by Aave’s expansion beyond Ethereum, while Solana’s growth was largely driven by Kamino, a native lending platform focused on productive uses for RWA collateral.

The post Ethereum Stays on Top of RWA Market as Solana Strengthens Its Position appeared first on CryptoPotato.