The easing inflation trend may lead to stable or reduced interest rates, influencing economic growth and investment strategies.

The post US inflation eases in July, Fed rate hike unlikely in September appeared first on Crypto Briefing.

Nvidia's strategic memory upgrade enhances AI model training efficiency, positioning it competitively amid potential supply constraints.

The post Nvidia’s Rubin Ultra targets 768GB of HBM4E as Kyber platform stays on schedule appeared first on Crypto Briefing.

nal's return to Getafe could boost their attacking options while offering Bournemouth future financial benefits through performance bonuses and a sell-on clause.

The post Getafe signs Enes Ünal from Bournemouth on permanent transfer appeared first on Crypto Briefing.

Anthropic's ambitious IPO valuation could reshape AI market dynamics, influencing investor sentiment and competitive positioning in the sector.

The post Anthropic investors target $2T valuation for potential IPO: FT appeared first on Crypto Briefing.

The spill's impact on the Strait of Hormuz could disrupt global oil trade, heightening environmental and economic risks in the region.

The post Oil spill from tanker reaches Oman’s coast, threatens Strait of Hormuz traffic appeared first on Crypto Briefing.

Bitcoin Magazine

Chinese AI Beats Restricted OpenAI and Anthropic Cybersecurity Models, Bitcoin Industry Warns

Bitcoin company leaders and open-source developers are publicly stating that Chinese AI models are currently outperforming restricted American frontier systems in defensive cybersecurity work, forcing researchers to rely on them to secure critical Bitcoin infrastructure.

Rob Hamilton, CEO of AnchorWatch, a Bitcoin self-custody insurance company, reported cripling American AI restrictions. After integrating OpenAI’s trusted cyber program (having already completed KYC months earlier), he was blocked from further analysis on a codebase he had already responsibly disclosed. “It absolutely guts me as a patriotic American to have to do this, but I will be going back to using Chinese open source models to conduct my research to protect Bitcoin infrastructure,” Hamilton wrote. “Black hats will not hit these issues. The white hats will.” Days later, he gained access to OpenAI’s “Daybreak Blue” cyber model and was blocked again within 19 minutes while red-teaming Bitcoin infrastructure.

Francis Pouliot, founder of Bull Bitcoin, a Bitcoin-only exchange focused on self-custody infrastructure, described the situation bluntly. “I have never seen OpenAI this cucked. It’s cucked beyond belief now. Not even for security, for anything related to Bitcoin,” he posted. “USA AI industry is completely cooked if they don’t change this path,” he concluded, adding “Open-source Chinese LLMs. [orange heart emoji],” meaning that open Chinese models like Kimi K3 are actually helpful to Bitcoin. In a follow-up, Pouliot detailed how a Chinese open-source model identified a money-stealing exploit in a project he was auditing, demonstrated it on regtest, and helped patch it. When he asked the American models he pays for to review the same patch, they refused.

PortlandHODL, a Bitcoin Core contributor who builds for AnchorWatch, publicly highlighted the performance gap. “US-based Frontier AI Model – ‘You’re absolutely right!’ Chinese Open Model – ‘78 critical vulnerabilities found.’ The implications of this are unfathomable,” he posted. In a follow-up, he added that he felt he was “basically asking Xi to not get my software hacked at this point,” calling for OpenAI and Anthropic to create proper access programs for U.S. citizens doing defensive security work.

Alex Thorn, Head of Firmwide Research at Galaxy, signed a recent Bitcoin Policy Institute open letter demanding trusted access to frontier models for open-source defenders. “Americans should not have to rely on Chinese AI to defend themselves, their projects, companies, or clients from cyber-attacks,” he wrote. “RED TEAM NEEDS THE MODELS.”

On August 10, the Bitcoin Policy Institute — a Bitcoin and, of late, AI-focused policy think tank — published an open letter signed by more than 70 organizations across the digital-asset ecosystem, including major custodians, exchanges, mining firms, and open-source development groups. The letter calls on frontier AI labs to establish clear trusted-access programs for qualified open-source and digital-asset defenders. It argues that current restrictions and safety guardrails leave legitimate security researchers without access to the strongest models, forcing them to rely on less capable open-weight alternatives while sophisticated attackers face no such limits. The signatories request early access to cyber-capable models, sufficient compute, secure environments for reviewing code, and direct channels with lab security teams, stating that frontier AI could become one of the most powerful defensive technologies available if defenders are given fair access.

These statements reflect a broad pattern among Bitcoin security researchers: American models from OpenAI and Anthropic frequently refuse or restrict legitimate defensive work, even to users who are supposed to have been granted explicit access, while Chinese models such as Kimi K3 operate without the same guardrails and are delivering confirmed results. Concerns about hosting infrastructure of Chinese models being an attack vector can also be mitigated, since they are open source and can be run on American-hosted data centers, a trend that is likely to threaten the U.S. AI market if it continues.

Coldcard Exploit Triggers Ecosystem-Wide Response

The cybersecurity pressure became acute in the Bitcoin industry after a firmware flaw in Coldcard hardware wallets was exploited beginning July 30, resulting in the theft of well over $100 million in bitcoin from seeds generated with insufficient entropy. Bitcoin Magazine published an urgent advisory urging affected users to migrate funds: COLDCARD SECURITY RISK: IMMEDIATE ACTION REQUIRED.

In response, a volunteer effort known as the Bitcoin Red Team formed, led by open-source developer Calle (creator of Cashu and the Android version of Bitchat) and Rob Hamilton. The group has conducted large-scale AI-assisted audits of Bitcoin open-source repositories, using models including Kimi K3 as the primary workhorse alongside limited access to Western systems. Early results, covered by Bitcoin Magazine, showed thousands of findings across hundreds of projects, including dozens of critical issues, with spending covered largely by OpenSats.

By August 8, after more than 100 hours of work involving dozens of contributors, the team reported scanning 501 projects and producing 7,958 findings, of which 1,280 were rated high or critical severity. The majority of compute spend continued to go to Chinese open-weight models.

Lessons from the Red Team Campaign

Most recently, Calle shared lessons from the intensive red-team period. The effort has essentially completed a basic scan of virtually the entire Bitcoin open-source landscape; low-hanging fruit is largely exhausted, the developer wrote on this X account. Maintainers across projects have validated many of the critical and high-severity reports, while response times from projects vary widely and serve as a signal of overall health.

Key takeaways include the need for every project to maintain its own permanent AI audit pipeline going forward. Projects that began such reviews months earlier are in a markedly stronger position. Unmaintained repositories should be treated as likely broken and unreliable. 

Calle also warned that the human-only era of open-source security review is over; verification is now effectively free, and information overload must be handled with AI rather than complaints about PR slop. Multiple concurrent and diverse human approaches remain the strongest method for finding vulnerabilities, and external red-teaming will likely be required indefinitely. 

Calle also repeatedly emphasized that developers should stop writing security-critical code in C. In a follow-up post he explained: “we’re finding memory-safety vulnerabilities in c projects that are prevented by default in many other languages. In the past, finding a simple buffer overflow wasn’t enough. You’d need a highly skilled hacker to turn the vulnerability into a working end-to-end exploit. Today, that’s a single prompt.”

Bitcoin was the first major open-source ecosystem to confront this collision between accumulated human code and frontier AI capability. The rest of the software world is expected to follow.

This post Chinese AI Beats Restricted OpenAI and Anthropic Cybersecurity Models, Bitcoin Industry Warns first appeared on Bitcoin Magazine and is written by Juan Galt.

Bitcoin Magazine

Nakamoto Posts First Positive Adjusted Operating Income, Despite $133M GAAP Net Loss

Bitcoin operating company Nakamoto Inc. dropped its first quarterly results on Thursday, marked by a wide GAAP net loss in what the company is calling a turning point in its underlying operations.

The Nashville-based company posted total operating revenue of $35.9 million for the quarter ended June 30, 2026, split between $25.6 million from its media and asset management units and $10.4 million from its Bitcoin treasury and derivatives strategy, according to a Thursday statement. 

Nakamoto shares (NASDAQ: NAKA) rose more than 2% Thursday morning in New York. 

On a GAAP basis, Nakamoto reported an operating loss of $149.1 million and a net loss of $133.0 million, or $6.65 per diluted share — driven largely by a $105.2 million non-cash goodwill impairment and $48.7 million in mark-to-market losses on its Bitcoin holdings.

Stripping out those non-cash items, the picture looks different: adjusted operating income came in at $7.3 million, which the company says is its first positive adjusted operating income since it became a Bitcoin operating company.

“This quarter we delivered the first positive adjusted operating income since Nakamoto became a Bitcoin operating company,” David Bailey, the company’s Chairman and CEO, said, pointing also to a roughly $45 million reduction in outstanding debt and the extension of about $105 million in loan principal to June 2027.

The quarter also brought a major structural shift: Nakamoto completed the closure of its legacy healthcare clinics on June 19, 2026, finishing its transition into a pure-play Bitcoin operating company. The board authorized a $25 million share buyback and added Chief Investment Officer Tyler Evans as a director.

Nakamoto’s asset management arm, UTXO Management, launched a new structured credit fund and said it guided a client vehicle, the 210k Capital Fund, through what it described as the first cleared Bitcoin Depositary Receipt trade settled via traditional prime brokerage and DTCC infrastructure — a milestone the firm frames as a step toward integrating Bitcoin products into mainstream financial markets. Separately, the 210k Capital fund itself fell 5% for the quarter, outperforming a 14% decline in Bitcoin over the same period.

The company’s media unit, BTC Inc., generated $22.6 million from its flagship Bitcoin 2026 conference and announced a new daily video network, BM TV, along with new institutional-focused events aimed at connecting corporate executives and capital allocators with the Bitcoin industry.

Nakamoto ended the quarter holding 4,467 Bitcoin, valued at approximately $261.5 million.

Bitcoin Magazine is published by BTC Inc, a subsidiary of Nakamoto Inc. (NASDAQ: NAKA)

This post Nakamoto Posts First Positive Adjusted Operating Income, Despite $133M GAAP Net Loss first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Price May Be Battered, but Structural Adoption Story Still Intact: Grayscale

Bitcoin’s price has shown signs of stabilizing after a rough stretch, but even setting aside where prices go in the near term, asset manager Grayscale says adoption of the cryptocurrency over the medium and long run remains largely unchanged.

The reason: continued, unsustainable growth in government debt as a factor that keeps inflation and currency-debasement risk elevated. 

That backdrop, Grayscale argues, could push a widening range of investors toward scarce assets and alternative stores of value — a category where Bitcoin, with its fixed supply, is increasingly well positioned as a candidate.

It added that the adoption of stablecoins and tokenization are set to make blockchain infrastructure commonplace across financial services. Top banks and asset managers have piled into the tokenization space the past year and are fast adopting crypto technology. 

Grayscale argues that as that spreads, more banks, brokerages, and other intermediaries will have both the technical rails and regulatory clarity needed to hold and transact in Bitcoin — eroding the wall that has historically kept it structurally separate from mainstream finance.

“As the spread of the technology continues, many more intermediaries will have the necessary infrastructure (and regulatory clarity) to transact and store balances in Bitcoin — it will no longer be structurally apart from the rest of the financial system,” the note by the firm’s head of research, Zach Pandl, reads.

The firm added that younger investors show a markedly higher appetite for digital assets, and alternative investments have become a standard portfolio component rather than a fringe allocation. 

The analysis expects institutions, wealth platforms, and individual investors alike to keep folding Bitcoin into diversified portfolios — largely through exchange-traded products, a shift it describes as already well underway.

Taken together, the report says that a cyclical downturn in price doesn’t undercut the longer-term adoption thesis. 

The Bitcoin price was recently $63,549, down close to 50% from its October record of $126,080. 

This post Bitcoin Price May Be Battered, but Structural Adoption Story Still Intact: Grayscale first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Goldman Sachs to Acquire NEOS Investments in $2.25B Deal, Adding Bitcoin Income ETFs to Lineup

Goldman Sachs has agreed to acquire NEOS Investments in a deal worth up to $2.25 billion that will give the Wall Street giant another Bitcoin-related product for its portfolio, the banking giant announced Wednesday. 

The deal will be in cash and equity, contingent on performance and service milestones, and will bring the Neos Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI) under Goldman Sachs Asset Management. 

CEO David Solomon called NEOS’s approach “highly complementary” to Goldman’s existing buffer, managed-outcome and income capabilities. 

NEOS co-founders Garrett Paolella and Troy Cates, who will join Goldman Sachs Asset Management as partners, framed the deal as pairing NEOS’s “entrepreneurial spirit” with Goldman’s scale.

NEOS manages roughly $30 billion across 19 ETFs that use options strategies to generate monthly income. 

Combined with Goldman Sachs Asset Management’s existing $40 billion in income-oriented, options-based ETFs, the deal will push Goldman’s active ETF business to about $80 billion — making it the eighth-largest active ETF manager, according to Morningstar — inside a broader $130 billion ETF platform.

The move follows Goldman’s earlier acquisition of Innovator Capital Management, rounding out a three-way combination focused on derivative-income and buffer/outcome strategies.

The Bitcoin ETFs in question don’t hold the cryptocurrency directly, rather they use derivatives to generate income from crypto-linked exposure rather than owning the underlying coins, per NEOS’s disclosures. 

Therefore, the high headline yields come largely from selling options premium, not necessarily reflecting the price performance of Bitcoin itself. 

The acquisition effectively hands Goldman Sachs a ready-made foothold in crypto-income ETFs — a corner of the market it hadn’t built organically — right as institutional appetite for digital-asset-adjacent, income-generating products continues to grow alongside the broader derivative-income boom.

The transaction is expected to close in the first quarter of 2027, pending regulatory approval.

This post Goldman Sachs to Acquire NEOS Investments in $2.25B Deal, Adding Bitcoin Income ETFs to Lineup first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Flashes Bottom Signals as “Digital Gold” Narrative Returns

Bitcoin is sending two notable signals to the market this week: on-chain data suggests the cryptocurrency may be forming a macro bottom, while its price behavior is increasingly echoing gold’s role as a safe-haven asset.

That’s according to two reports from blockchain data firm CryptoQuant, whose analysts pointed to the early stages of a bottoming process for the biggest and oldest cryptocurrency. 

The price of the largest cryptocurrency recently stood at $63,362, mostly unmoved over a 24-hour period. Over the past week, Bitcoin is down nearly 2%. Since it notched a record of $126,080 in October, it has shed nearly 50% of its value. 

“At each major cycle bottom, long-term holders were sitting on deeper unrealized losses than the broader market,meaning the cohort normally associated with the strongest conviction and lowest sensitivity to volatility is carrying greater unrealized stress than the market as a whole,” wrote analyst MorenoDV.

“The current structure fits that pattern,” he added. 

The signal comes from adjusted Net Unrealized Profit/Loss (NUPL) data for long-term holders (LTH) — investors typically seen as the most resilient cohort in the market. 

Currently, LTH aNUPL has crossed into negative territory and sits below the broader market average, meaning even long-term holders are now sitting on losses greater than the market as a whole. Historically, this exact pattern — long-term holders hurting more than average — has shown up at every major cycle bottom.

The setup lines up with Bitcoin trading roughly 50% below its cycle high, reinforcing the view that this is more than an ordinary correction.

But analysts caution against calling a bottom just yet. In previous cycles, LTH aNUPL fell into much deeper, more prolonged negative readings before a true low was in — a level of losses some describe as “depression territory.” Today’s numbers haven’t reached that extreme.

The report added that Bitcoin could still need one more capitulation leg to push long-term holder losses to historical extremes. Alternatively, stronger institutional demand and a more structurally resilient holder base could allow the market to bottom with comparatively less damage than in past cycles.

Bitcoin’s 90-day correlation with gold has swung from nearly -0.9 in early 2026 to around +0.7, according to data highlighted by CryptoQuant CEO Ki Young Ju, who described the move as a return to “digital-gold-era levels.”

The shift suggests investors are once again pricing Bitcoin as a scarce, non-sovereign asset — one that can act as a hedge against currency debasement, fiscal stress, and geopolitical uncertainty, much like gold. 

Investors have long-touted Bitcoin as “digital gold” — a long-term store of value like the precious metal. And sometimes, they have been correlated. 

But Bitcoin’s behavior remains split. A month-to-date comparison shows it sometimes trading in step with the Nasdaq, behaving like a liquidity-sensitive risk asset, while at other times tracking gold’s moves as a scarcity play. 

Its volatility, though, continues to run far higher than gold’s.

Analysts also urge caution in reading too much into the correlation shift. A positive correlation isn’t inherently bullish — the two assets can just as easily fall together as rise together. 

This post Bitcoin Flashes Bottom Signals as “Digital Gold” Narrative Returns first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

FG Nexus has abandoned its Ethereum treasury strategy less than a year after launch, redirecting its focus toward real estate development.

In an Aug. 12 SEC filing, the Nasdaq-listed merchant bank disclosed that it sold all of its digital assets before June 30 and held no cryptocurrency at quarter-end.

FG Nexus, previously known as Fundamental Global, announced its Ethereum treasury strategy in July 2025 and launched the digital-asset operation the following month. At its peak, the firm held more than 50,000 ETH.

However, the firm began divesting the holdings this year amid a broader market contraction that significantly impacted digital asset treasury companies.

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Ethereum staking returns fail to offset losses

The exit exposed how little staking income offset the losses generated by the company's Ethereum-focused strategy.

FG Nexus recorded just $144,000 of staking revenue during the first half, equivalent to roughly 0.3% of the $45.207 million loss from its discontinued digital-asset operations.

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That loss included a $41.167 million loss on ETH digital assets, $2.793 million of impairment on digital intangibles, and $1.789 million of general and administrative expenses, partly offset by a $398,000 gain on digital intangibles and the staking revenue.

The $45.207 million therefore represents the overall loss from the discontinued operation rather than a realized loss from selling Ethereum alone. Notably, this contributed to FG Nexus’s wider deterioration during the period as it reported a consolidated net loss of about $56.9 million for the first half of the year.

Meanwhile, the ETH liquidation returned substantial cash to the company's balance sheet.

FG Nexus reported $60.956 million in cash proceeds from ETH sales during the first half and another $14.983 million receivable from digital-asset sales as of June 30, which it collected in July.

Those figures represent gross sale proceeds rather than profits generated from ETH sales.

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FG Nexus pivots toward housing

With its ETH holdings divested, the company board is shifting focus toward real estate.

The company said in July that it planned to establish an operating subsidiary focused primarily on land-lease manufactured-housing properties. It is also evaluating a potential combination with FG Communities as a route into income-producing affordable housing.

Kyle Cerminara, Chairman & CEO of FG Nexus, said:

“We believe manufactured housing represents one of the most compelling combinations of durable cash flow, intrinsic asset value, and long-term demand tailwinds in the United States. We have identified a solid pipeline of target properties to begin acquiring while we also continue to advance the previously announced potential acquisition of FG Communities. Our intent is to reallocate all of our capital from digital assets to cash flow producing real estate over the near term.”

That transaction remains preliminary. A special committee is still reviewing the proposal, and no definitive agreement has been reached.

The post FG Nexus dumped all its Ethereum at a $45 million loss to buy mobile home parks—after earning just $144,000 in staking rewards appeared first on CryptoSlate.

Metaplanet moved over 5,000 Bitcoin (worth about $322 million) this week, triggering market speculation that the firm might be liquidating a portion of its corporate reserves.

On Aug. 12, CEO Simon Gerovich shut down the rumor and explained that the transfer was a routine custody operation, with no Bitcoin sold and total holdings unchanged at 43,000 BTC. Network fees for moving the hundreds of millions of dollars in value totaled about $8.

While the physical reserves remain untouched, the company's newly released financial disclosures reveal a sweeping structural pivot beneath the surface.

During the first half of the year, the company recorded a ¥182.77 billion net loss, driven almost entirely by a steep ¥184.30 billion valuation loss reflecting the declining yen-denominated value of its treasury.

Despite generating ¥3.33 billion in operating profit and ¥4.94 billion in revenue over the six months ending June 30, the severe non-cash charge highlights the volatility embedded in the Bitcoin-heavy corporate balance sheet.

The filings show that sustaining the company's purchasing momentum now requires a complex mix of collateralized borrowing, zero-interest bonds and other financing as its equity funding route narrowed.

A stalled equity mechanism forces a capital pivot

The financial engine that powered the company's expansion earlier this year ground to a halt during the second quarter as Bitcoin volatility hit its books and Metaplanet's market valuation weakened relative to the value of its holdings.

Metaplanet's mNAV, which measures enterprise value divided by the market value of its Bitcoin holdings, hovered around 1.0 and remained below that threshold for most of the six months through June.

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Under its stated capital allocation policy, management generally avoids issuing common stock when mNAV drops below 1.0. Operating below that threshold means new share issuance could reduce the amount of Bitcoin attributable to existing shareholders.

Metaplanet raised ¥53.04 billion through third-party common-share allotments on Feb. 13 and March 31 and used the proceeds to acquire Bitcoin.

However, that avenue abruptly closed as the valuation multiple weakened, with the company making no common-share issuances through third-party allotments during the entire second quarter.

Still, the company continued buying Bitcoin anyway. Metaplanet combined an ¥8 billion zero-interest ordinary bond, borrowing under a credit facility, proceeds from previously issued stock acquisition rights and revenue from its options-income business to add 2,823 BTC between April and June.

Across the first half of the year, the company spent ¥99.78 billion acquiring 7,898 BTC, lifting its total holdings to 43,000 BTC without selling a single unit. Bitcoin holdings per 1,000 fully diluted shares increased 9.6% during the period.

With the traditional equity route suspended, Metaplanet has also drawn heavily against its existing holdings to keep its purchasing streak alive. The growing reliance on credit leaves the firm's financing capacity explicitly tied to the value of an asset that just produced a massive accounting loss.

Total liabilities expanded to ¥77.29 billion at the end of June, up from ¥46.69 billion at the close of 2025. The increase was driven primarily by higher short-term borrowing and ¥8 billion in bonds coming due within one year, while cash and cash equivalents declined to ¥1.09 billion.

The company's primary credit facility requires Bitcoin to be pledged as collateral, granting the lender priority rights over the assets committed under the arrangement. By June 30, Metaplanet had drawn $414 million, representing nearly 83% of the available $500 million facility.

Management did not disclose the exact portion of the 43,000 BTC treasury pledged under the arrangement. The company also recorded ¥1.81 billion in interest expense during the six-month period, reflecting the cost of its expanded financing.

BitBonds create a continuous debt funding channel

With common-share issuance constrained and most of its Bitcoin-backed credit facility already drawn, Metaplanet is now testing the appetite of the corporate credit market for another repeatable source of capital.

On Aug. 13, the company announced the completion of the issuance of its 21st through 24th unsecured ordinary bonds, raising roughly ¥200 million.

Branded as “BitBonds,” the instruments carry maturities of about three years and offer annual coupons ranging from 4.0% to 4.3%.

While the total capital raised represents just over $1.3 million, equivalent to a fraction of the company's daily trading volume, the issuance serves as a structural test.

These bonds are unsecured, unguaranteed, and unrated senior obligations. Holders possess a claim on the company's overall balance sheet, while the debt carries no direct security interest in its Bitcoin reserves. The terms stipulate that investors receive fixed interest and principal repayment without exposure to movements in the price of Bitcoin.

That distinguishes BitBonds from the $500 million facility already being used to fund the company's strategy.

The credit line gives its lender priority rights over pledged Bitcoin, while BitBond investors are lending against Metaplanet's overall creditworthiness and a balance sheet whose principal asset is its Bitcoin treasury.

The framework establishes a continuous issuance program intended to become a core foundation of the company's medium-to-long-term capital structure. Rather than relying solely on previous institutional placements, Metaplanet says the program is designed to broaden its investor base and strengthen its funding capacity.

Metaplanet is using its licensed subsidiary, Metaplanet Securities, to manage applications, allocations and post-issuance administration. This vertical integration allows the company to solicit investors on a series-by-series basis as funding needs arise.

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The initial ¥200 million issuance is deliberately small. Metaplanet said it is establishing the issuance, distribution and administration framework needed for future offerings and intends to substantially expand the scale of the program over time.

That expansion could eventually include the appointment of a bond manager and public offerings made under a securities registration statement, moving BitBonds beyond the small-number private placements used for the inaugural issuance.

The bonds also carry liquidity constraints. They do not trade on a public market, meaning investors seeking an early exit would need to negotiate a transaction through the Metaplanet Securities platform. The subsidiary has no obligation to repurchase the securities and may decline to do so.

Metaplanet also retains the ability to redeem outstanding bonds early under predetermined terms, ending future interest payments to holders.

Capitalizing on a shifting macroeconomic environment

The pivot toward fixed-income products arrives as broader macroeconomic shifts in Japan create an opening for corporate debt.

Japan is transitioning to a sustained positive-rate environment while policymakers encourage households to move savings into investment.

Historically, Japanese consumers held cash to protect purchasing power during deflationary periods. With inflation returning, cash no longer provides the same protection it once did.

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Metaplanet argues that the domestic market also has limited supply between investment-grade bonds and privately placed debt from smaller companies, creating room for new fixed-income products from listed issuers.

The company intends to position BitBonds within that market by leveraging its status as a Tokyo Stock Exchange-listed company and a balance sheet dominated by Bitcoin, an asset that trades continuously in highly liquid global markets.

For investors, the structure offers fixed-rate payments without direct exposure to Bitcoin price movements.

For Metaplanet, it adds another source of capital as the company works toward its target of holding 100,000 BTC by the end of 2026 while common-share issuance remains constrained at a sub-1.0 mNAV.

The post Metaplanet burned through 83% of a $500 million credit line to build 43,000 BTC, and now it wants investors to fund the next leg appeared first on CryptoSlate.

Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion, adding a $30 billion options-income ETF platform that includes one of the largest Bitcoin income funds.

The cash-and-equity deal announced Aug. 12 covers NEOS’ 19 options-based income ETFs and is expected to close in the first quarter of 2027, subject to regulatory approval and other customary conditions. Part of the consideration depends on performance and service commitments.

The acquisition would expand Goldman Sachs Asset Management’s existing $40 billion income and outcome-oriented options ETF business and help lift the firm’s broader global ETF platform to about $130 billion when combined with NEOS and Innovator Capital Management.

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Goldman said the combination would make it the eighth-largest active ETF provider based on assets as of June 30.

Goldman CEO David Solomon said NEOS complements the firm’s existing buffer, managed-outcome and income strategies as investor demand for active ETFs grows.

The wider derivative-income ETF market has expanded to about $180 billion, with assets growing at an annualized rate of more than 70% since 2021, Goldman said, citing Morningstar.

Goldman Sachs gets a head start on BlackRock with BTCI

Among the funds changing hands is the NEOS Bitcoin High Income ETF, or BTCI, which had $1.10 billion in net assets as of Aug. 11.

Per the fund's prospectus, BTCI gives investors Bitcoin-linked exposure without directly owning the cryptocurrency.

The fund invests through Bitcoin exchange-traded products and uses an options strategy that seeks to generate monthly income by writing calls. This allows investors to participate in Bitcoin price movements while giving up some potential upside in exchange for option premiums.

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BTCI reported a 26.73% distribution rate and a 1.62% 30-day SEC yield as of July 31, while its NAV was down 25.54% for the year and 41.66% over one year. Its $0.6458 July payout was preliminarily estimated to consist of 92% return of capital.

BTCI is particularly notable because Goldman had already been preparing to enter the same corner of the ETF market itself.

In April, the bank filed an amended prospectus with the Securities and Exchange Commission (SEC) for the Goldman Sachs Bitcoin Premium Income ETF, which would seek income and Bitcoin-linked capital appreciation by selling call options tied to Bitcoin ETPs. The proposed fund had not begun investment operations when the filing was made.

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Bloomberg senior ETF analyst Eric Balchunas pointed out that BTCI would allow Goldman to leapfrog BlackRock’s recently launched iShares Bitcoin Premium Income ETF (BITA), which manages roughly $60 million in assets.

This means BTCI would give Goldman exposure to an existing Bitcoin income fund nearly 19 times larger than the asset manager's if the acquisition closes.

The post Goldman Sachs drops $2.25 billion to hijack the Bitcoin yield market and leapfrog BlackRock by 19x appeared first on CryptoSlate.

A future Bitcoin buyer may encounter the asset through a portfolio they already own. An adviser can add a small allocation, a brokerage account can hold a spot ETF, and future retirement products could place Bitcoin inside another familiar investment wrapper.

Grayscale expects Bitcoin ownership to keep broadening as government deficits persist, blockchain finance reaches more institutions, and younger investors gain a larger share of financial assets.

Those forces now operate through a distribution system that gives people more ways to own Bitcoin through conventional finance.

Bitcoin trades near $63,527, yet price alone is only one measure of adoption. Adviser access, institutional portfolio frameworks and retirement rules are widening the pool of investors who can encounter Bitcoin during ordinary asset-allocation decisions.

Advisers are turning Bitcoin into a portfolio decision

The 2026 Bitwise and VettaFi adviser survey found that 42% of advisers could purchase crypto in client accounts, up from 35% in 2024 and 19% in 2023.

In 2025, 32% of advisers invested clients' money in crypto, up from 22% a year earlier. Among advisers already using crypto, 64% reported client allocations above 2%, compared with 51% in the previous survey.

A client can receive exposure through an adviser who already manages stocks, bonds, funds and retirement assets. Product selection, custody and execution can happen through the same portfolio infrastructure.

Spot Bitcoin exchange-traded products accelerated that process when the SEC approved their listing and trading in January 2024. The products gave advisers a securities wrapper that fits brokerage accounts and portfolio-management systems already used across traditional asset classes.

Fidelity's 2026 “Getting Off Zero” research says money managers should have a well-informed rationale for maintaining a zero Bitcoin allocation. The report also says zero can suit investors whose mandates, volatility limits, or other requirements make Bitcoin inappropriate.

That framing places Bitcoin inside the investment committee process before any allocation occurs. A portfolio manager can still decide that zero represents the correct weight, but the asset increasingly enters the research process alongside other portfolio candidates.

A future holder needs far less crypto-specific infrastructure than buyers did in earlier cycles. The adviser can recommend a 1% position in an ETF within an existing account, leaving the client to evaluate the allocation using familiar measures such as risk, diversification, and expected return.

Blockchain finance is becoming familiar

Grayscale also ties its adoption thesis to broader use of blockchain technology. Stablecoins and tokenized securities provide two areas where conventional financial firms now interact more directly with crypto networks.

Federal Reserve researchers said the stablecoin market capitalization expanded by about 50% in 2025 and reached $317 billion by April 6. Their research described deeper links between stablecoins, transaction activity, brokerage firms, and traditional payment infrastructure.

The SEC defined a tokenized security as a financial instrument that meets the definition of a security and is represented by a crypto asset, with ownership recorded on or through crypto networks. The definition can cover instruments such as stocks, bonds, notes, options, and security-based swaps.

Stablecoin adoption and tokenization create an indirect route toward broader familiarity with Bitcoin. Banks, brokers, asset managers, and payment companies that work with blockchain-based products gain operational experience in custody, settlement, and crypto networks.

Bitcoin then enters an institutional environment where digital-asset infrastructure already has established use cases.

The retirement market could extend that distribution much further.

The Department of Labor proposed a rule on March 30 covering how 401(k) fiduciaries evaluate alternative assets. The proposal establishes process-based safe harbors for plan managers and could affect retirement options for more than 90 million Americans.

Plan fiduciaries would still decide which alternative assets to include in their menus. The proposal provides managers with a clearer process for evaluating those assets within one of the largest pools of household capital in the US.

ICI reported $13.8 trillion in employer-based defined-contribution plans at the end of the first quarter of 2026, with $9.9 trillion in 401(k) plans.

A 0.25% allocation across 401(k) assets would equal roughly $24.8 billion. A 1% allocation would reach about $99 billion. Applying 1% across all employer-based defined-contribution plans would produce about $138 billion.

Fiduciaries would determine exposure based on product availability, fees, volatility, investment mandates, and participant needs.

The bull case depends on access turning into allocation

CBO projects a $1.9 trillion federal deficit in fiscal 2026, with debt held by the public rising from 101% of GDP in 2026 to 120% by 2036.

Asset managers use that backdrop when presenting Bitcoin as an alternative monetary asset for long-term portfolios. The argument can survive periods of weak Bitcoin price performance because it rests on debt trajectories measured across years.

The bull case takes shape if financial distribution continues to convert access into positions. Adviser availability moves above the current 42%, model portfolios add small Bitcoin sleeves, and brokerage platforms make those allocations available to more clients.

Fidelity's zero-allocation framework could also spread across investment committees. Bitcoin would then compete for portfolio weight through ordinary risk-budget discussions, allowing new holders to enter through adviser reviews and model-portfolio rebalancing.

Retirement accounts offer a much larger pool if fiduciaries eventually approve Bitcoin-related products as part of their alternative-asset processes. Allocations measured in 1% increments would still represent tens of billions of dollars across the current defined-contribution market.

The bear case develops if access continues to widen, but allocations stall. Advisers may keep Bitcoin weights small because of volatility, client preferences, or portfolio mandates. Retirement fiduciaries may allocate their alternatives budgets to other assets.

Bitcoin could then become widely available across conventional finance while capturing only a small share of the capital those channels control. Distribution would solve the access problem, leaving portfolio demand as the limiting factor.

Grayscale's deficit, blockchain, and generational thesis point toward a form of Bitcoin adoption that looks increasingly familiar to investors. A future holder may see Bitcoin as a small position inside a diversified account managed through the same institution that handles the rest of their wealth.

For that investor, owning Bitcoin may begin as a portfolio decision long before it becomes a crypto identity.

The post Why millions of everyday savers will soon own Bitcoin without ever downloading a crypto app appeared first on CryptoSlate.

A study presented at USENIX Security '26 identified 65,340 risky crypto addresses involved in misuse across Ethereum and BNB Smart Chain, with 126,982.94 ETH and 17,726.7 BNB in associated native-token losses.

The researchers valued losses associated with those risky crypto addresses at more than $574.8 million. But the two newly described active attack vectors directly account for about $15.7 million, or 2.7%, of that figure. The full paper also used May 2025 reference prices of $4,408 per ETH and $847 per BNB, rather than each token's dollar value when the losses occurred.

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How risky crypto addresses become traps

The study separates the problem into contract-account misuse and externally owned account misuse.

Contract-account misuse occurs when someone sends a function call, sometimes with ETH or BNB attached, to an address that has no contract code on the selected network. The transaction can still succeed as a simple transfer without executing the intended function. Funds then sit at that address unless later-deployed code can move them.

That enables the first active vector. An attacker can deploy a contract at a testnet address, wait for users to mistakenly send funds to the corresponding no-code address on mainnet, then exploit deterministic contract addressing to deploy malicious withdrawal code at the same location. The paper identified 469 malicious contracts tied to 3,446.37 ETH and 431.79 BNB in losses.

Externally owned account misuse starts with a public or otherwise exposed private key. Anyone who has the key can control the account, and automated sweepers can race to remove incoming funds.

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The second vector uses EIP-7702 to make that drain more direct. An attacker can use the exposed key to delegate the account to malicious code that forwards a deposit to the attacker in the same transaction. The detailed analysis identified more than 17,200 delegated addresses and losses of 25.86 ETH plus 33.45 BNB.

Together, the two active vectors account for 3,472.23 ETH and 465.24 BNB. The rest of the paper's aggregate covers the broader set of detected contract-account and exposed-key misuse rather than those two attacks alone.

To build the dataset, the team mined 63,004 GitHub repositories created from January 2015 through May 2025 and used an April 2025 Stack Exchange archive. It extracted more than 16.3 million deduplicated private keys from GitHub, derived their addresses and combined direct key matches with transaction-pattern rules and lightweight symbolic execution on Ethereum and BNB Smart Chain.

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The authors reported 99.11% precision for their overall address-misuse detection results. They randomly sampled the inferred contract-account and pattern-based EOA cases, had two researchers independently judge whether each detection matched the study's definitions, and separately treated addresses derived from public private keys as confirmed. The precision figure measures detection accuracy, not whether the full dollar estimate was directly caused by the two active vectors.

The researchers said they began disclosing the findings to wallet developers and exchanges and tried to contact affected projects. However, the paper does not provide a complete remediation rate or a current funded-address count for all 65,340 instances.

Users can reduce the immediate risk by checking both the address and chain against official sources. Developers should keep test accounts and hardcoded keys out of production, while wallet providers can warn before transactions reach no-code or exposed-key destinations.

The post Study finds 65,340 risky crypto addresses tied to $574 million in losses appeared first on CryptoSlate.

Trezor confirmed on August 13, 2026 that one of its shipping providers suffered a data breach that exposed the personal order details of thousands of hardware wallet buyers. No private keys were touched and no device was compromised, but the leaked data set is arguably the most dangerous kind in crypto: a verified list of people who own a hardware wallet, complete with the address where it was delivered.

Trezor Hack: What exactly happened in the Trezor ShipMonk data breach?

On Monday, August 10, 2026, logistics partner ShipMonk told Trezor that an unauthorized actor had accessed systems containing customer order data. Trezor disclosed the incident publicly three days later, on August 13.

ShipMonk is the fulfilment partner that stores Trezor products and ships parcels to customers in the US, UK and several other markets. To deliver a package, it holds the recipient name, shipping address, phone number, email address and order number. That is exactly the data set that was exposed.

The numbers Trezor published break down as follows:

• 11,742 customers with full exposure: name, email, phone number and shipping address
• 1,947 customers with partial exposure: name, city and email
• 13,689 customers affected in total

The investigation is still ongoing. Trezor says ShipMonk has secured the affected systems and hardened its security since the incident.

Who is affected by the Trezor customer data leak?

The breach is limited to new customers who received an order between May 10 and August 8, 2026 in seven countries: the United States, United Kingdom, Sweden, Colombia, Brazil, Italy and Portugal.

Anything older was already gone. Trezor enforces a 90-day data retention policy and contractually requires fulfilment partners to delete or anonymize order data 90 days after delivery. That single policy is the reason the exposure stopped at roughly 13,700 people instead of every buyer in the company's history.

There is one clean test for whether you are affected. Trezor emailed every exposed customer directly from help@trezor.io. If that email is not in your inbox, you are not on the list. Worth noting given what comes next: scammers will absolutely impersonate that notification email in the coming days.

Was Trezor itself hacked and are the devices still safe?

No, and yes. This is a supply chain and vendor breach, not a wallet breach.

Trezor's own systems were not compromised. No private keys, wallet backups, seed phrases or firmware were involved, and no funds are at risk from the incident itself. The hardware did its job. The weak point was the commercial layer around the product, not the product.

That distinction matters technically, but it offers limited comfort in practice. Attackers now hold infrastructure-grade targeting data: a fresh list of confirmed crypto holders matched to real home addresses and phone numbers. An email leak is a nuisance. A name plus a home address plus a phone number identifies a specific person at a specific door as someone who very likely holds cryptocurrency.

Trezor also confirmed this is the first breach since the company was founded in 2013 to expose customer phone numbers and shipping addresses. A separate January 2024 incident at a third-party support portal exposed contact details of nearly 66,000 users, but not physical addresses.

Why is this data leak more dangerous than a typical password breach?

Because the crypto industry already has a playbook for what happens next, and it has been running since 2020.

When roughly 272,000 Ledger customer records including names, addresses and phone numbers were published following that company's 2020 e-commerce breach, the fallout never really ended. Victims reported waves of phishing emails and SMS, counterfeit hardware wallets mailed to their homes in 2021, physical letters with malicious QR codes, and phone calls from people who spoke as though they knew them personally. Some received ransom demands with threats of violence.

The physical risk is no longer theoretical. CertiK verified 52 physical attacks on crypto holders worldwide in the first half of 2026, up from 39 a year earlier, with home invasions overtaking kidnapping as the most common method. Chainalysis put the amount stolen through violent attacks at more than $30 million over the same period, on pace to pass 2025's full-year total of roughly $58 million.

Vendors keep proving to be the weakest link in this chain. Ledger's payment processor Global-e leaked customer order data in January 2026, and within days attackers were sending phishing emails announcing a fake Ledger and Trezor merger, personalized with the leaked order details. One uncomfortable detail on ShipMonk: the provider holds SOC 2 Type II certification, an audited security standard, and was breached regardless.

What should Trezor customers do right now?

Trezor's guidance is short, and the industry track record says it works:

• Never enter your wallet backup or seed phrase on any website, ever. No legitimate company will ask for it, including Trezor.
• Treat urgency as a red flag. Any message demanding immediate action or asking for personal information should be assumed hostile until proven otherwise.
• Cross-reference everything against official Trezor channels, the official blog and verified social accounts. Type URLs manually rather than clicking links.
• Expect contact across every channel, not just email. Fake phone calls, SMS, physical letters and impersonation of banks, exchanges or Trezor itself are all on the table.
• Consider your physical security posture if your full address was exposed. Discussing holdings publicly, especially alongside a real identity, becomes materially riskier.

Anyone who wants to check status or raise a concern can contact Trezor support directly through the official site.

What is Trezor's Anonymous Delivery option?

Trezor says it is accelerating an Anonymous Delivery option designed to break the link between a hardware wallet purchase and a real world identity. Under the planned system, orders would use:

• A dedicated checkout process
• A nickname or label ID instead of a real name
• Automated parcel locker pickup
• Unbranded packaging with a generic sender label, with the carrier receiving only an email or SMS pickup PIN
• Automatic deletion of shipping identifiers after delivery

Trezor is targeting availability in the EU by September 2026 and in the US by the end of 2026, and describes the project as a top priority.

In the meantime, the company suggests ordering with an email address not linked to your real identity, paying with crypto or a disposable virtual card rather than a credit card, and using a P.O. Box where practical.

SpaceX stock has staged one of the most violent reversals of the year. SPCX closed Wednesday at $146.15, up 9.65% on the day, and is now roughly 40% above the $104.83 low printed in the first days of August. On a float basis that swing is worth around $530 billion in added market value, taking the publicly traded market capitalisation back toward $1.9 trillion. Calculated across all share classes, the number sits above $2.2 trillion.

Five sessions ago the stock was an all-time-low story. It is now trading above its IPO price again, with short sellers in retreat and Wall Street reopening the bull case. Below is what actually caused the move, what the 4-hour chart is signalling, and where the risk sits.

Why is SpaceX stock up 40% in five days?

Four separate catalysts stacked on top of each other in the space of one week.

The lockup did not break the stock. On 6 August, more than 911 million insider shares became eligible for sale, more than doubling the tradable float. The market had spent the previous session pricing in a flood of selling, sending SPCX to an all-time low near $105. The flood did not arrive. Shares rose on the unlock day itself and have not looked back since. That single fact removed the largest overhang on the name.

• Short sellers capitulated. Short interest collapsed from around 34% to roughly 11% as the expanded float gave bears an exit and the lockup thesis failed. A move of that size in a stock with a still-tight float mechanically amplifies every buy order.
• Musk reset the story. An all-hands video released on 11 August moved the narrative from rockets to artificial intelligence, and the market repriced accordingly.
• Wall Street piled in. Morgan Stanley's Adam Jonas reiterated an Overweight rating with a $300 base target and laid out a $600 bull case, a scenario that implies an $8 trillion valuation. Arete lifted its target to $450 from $401. Goldman Sachs then published The Second Space Age on 12 August, projecting a $1.8 trillion global space economy by 2035 and flagging launch infrastructure as the sector chokepoint where value accrues disproportionately.

What did Elon Musk say about SpaceX AI revenue?

The all-hands was the pivot point. In a roughly 30-minute video posted to X, Musk told employees that AI revenue would "exceed all other SpaceX revenue probably in September" and would "significantly exceed" the rest of the business in the fourth quarter. He went further, arguing AI would account for 99% of the company's value within five years.

The supporting targets are aggressive:

• 10 gigawatts of AI compute capacity by the end of 2027, which Musk values at $30 to $50 per watt, implying $300 billion to $500 billion in annual AI revenue by 2028
• Grok 4.6 shipping within about a week, 4.7 three to four weeks later, and Grok 5 before year-end
• Grok trained on SpaceX's full internal corpus, spanning 25 years of engineering and operations data
• An exclusive hardware commitment to Nvidia's Vera Rubin architecture
• Starlink now serving 167 countries with 22 million mobile users and 13 million high-bandwidth subscribers

The starting point is real but the gap is wide. In Q2, AI contributed $2.56 billion of $7.81 billion in total revenue, behind the $4.29 billion from the Starlink-led connectivity segment. Group revenue rose 92% year over year, Starlink grew 67%, and launches were up 29%, but the company still reported operating losses on $18.4 billion of capital expenditure, $15.8 billion of it AI-related. Management is guiding to a roughly $100 billion annualised revenue run rate by December, more than triple the pace implied by Q2.

Layered on top is the pending $60 billion all-stock acquisition of Cursor, the AI coding platform built by Anysphere, expected to close in Q3. Morgan Stanley models Cursor at $2.5 billion of revenue this year and $13 billion in 2027, with annual recurring revenue reaching $8 billion by year-end and around $33 billion by 2030.

What does the SPCX chart say about the next move?

The 4-hour chart shows a textbook V-recovery off a well-defined base.

• Structure. After the post-IPO blow-off top at $225.64, SPCX spent seven weeks grinding lower in a clean descending channel into the $106 zone, marked on the chart as horizontal support at $106.33. That level held on three separate tests through late July and early August, forming the base. Since 6 August the stock has printed an unbroken series of higher lows and higher highs, with five consecutive large-bodied green candles taking price from the low $110s to the mid $140s.
• Immediate resistance is $150.31. That is the upper horizontal marked on the chart and it lines up with the June breakdown shelf. Price tagged $149.60 in the overnight session and was rejected, closing back at $146.24. A clean 4-hour close above $150.31 opens the door to the $160 to $161 zone, which is where SPCX closed on its first day of trading. Above that, the next meaningful level is the debut-day high at $176.52.
• Support levels to watch. The first is the $135 IPO price, which flipped from resistance to support on 10 August. Below that sits the $128 to $130 congestion zone from the 6 to 7 August reversal. A loss of $128 would put the $106.33 base back in play and invalidate the recovery structure entirely.
• RSI is the warning sign. The 14-period RSI sits at 66.62 against a signal line at 55.29. That is not yet overbought, but it is the highest reading since the June peak and it has gone near-vertical alongside price. Momentum this steep off a base typically produces a consolidation or a sharp mean-reversion candle before continuation. The gap between RSI and its moving average is the widest of the entire recovery, which historically resolves through either a sideways pause or a fast retrace to the 20-period average.

Net read: the trend is up and the base is credible, but the risk-reward for chasing at $146 into $150 resistance with RSI at 67 is poor. The cleaner setups are a confirmed breakout and retest of $150.31, or a pullback into the $135 to $138 pocket.

How does SPCX compare to its $135 IPO price?

SpaceX went public on 12 June in the largest IPO in history, raising $75 billion at an indicative $135 per share and a $1.75 trillion valuation. The stock opened at $150, ran to $176.52 intraday, and closed at $160.95, a 19.2% first-day gain. It then spent nearly two months underwater.

Here is where things stand against every relevant reference point:

So despite a 40% five-day rally and a $530 billion swing in market value, anyone who bought the first-day close is still down. Only IPO allocation holders and buyers below $135 are in profit. That matters, because it means overhead supply from disappointed June buyers sits directly in the $150 to $176 band the stock is now approaching.

What are the risks behind the SpaceX stock rally?

Three concrete ones.

A second lockup tranche lands on 20 August. Roughly 319 million additional shares become eligible. The first unlock was absorbed, but it came at an all-time low with sentiment already washed out. This one arrives after a 40% run, which is a very different setup for anyone sitting on paper gains.

Valuation is stretched on any conventional measure. Morningstar holds a $62 fair value estimate on SPCX with a one-star rating, implying roughly 58% downside, and Chief US Market Strategist Dave Sekera has explicitly urged investors to separate the stock's trading action from its underlying fundamentals. His argument is that the recent move reflects supply and demand mechanics around float and short covering rather than a change in intrinsic value.

The AI timeline is checkable and tight. Musk's September claim is not a vague vision statement. Within roughly six weeks the company either reports AI revenue above the roughly $5.25 billion that the rest of the business generates, or it does not. Goldman Sachs modelled about $15.6 billion in total AI revenue for all of 2026, which sits well below the run rate Musk is implying. Grok also currently trails leading models on several major benchmarks, which complicates a valuation that now leans heavily on AI monetisation.

Why does SPCX matter for crypto traders?

More than most equities. SpaceX carries 18,712 Bitcoin on its balance sheet according to its S-1, making it one of the larger corporate BTC holders. A tokenised version of SPCX trades on Solana via Backpack, redeemable for the underlying share, and SPCX-USDC perpetual futures trade on Hyperliquid. During the IPO window those perps traded around $176 while the offer price sat at $135, effectively front-running the listing.

That makes SPCX one of the first genuinely cross-market assets: a Nasdaq mega-cap with a Bitcoin treasury, an onchain tokenised twin, and a crypto-native perpetual market that often moves first.

SpaceX stock vs Bitcoin: which has actually performed better since the IPO?

This is the comparison that matters for anyone who had capital to deploy on 12 June 2026, the day SPCX listed. Using the same-day snapshot for crypto and the IPO price for the stock, here is how $10,000 would have fared through Wednesday's close.

Three conclusions fall out of that table.

1. Ethereum beat everything. $ETH is the only asset in the comparison that produced a double-digit return over the two months, outperforming even the best-case SPCX entry at the IPO allocation price. It also beat the equal-weight crypto basket by a wide margin, because $XRP dragged the basket down with an 11% loss.
2. Bitcoin did almost nothing, and that was arguably the point. $BTC is essentially flat over the period, up 0.07%. In a stretch where SpaceX shares fell 53.5% from $225.64 to $104.83 and then rallied 39% in five sessions, Bitcoin moved in a band of a few thousand dollars. The asset class usually described as the volatile one was the stable holding in this comparison. That is the single most surprising line in the table.
3. Diversification mattered less than selection. An equal-weight three-coin basket returned 0.60%, barely distinguishable from holding Bitcoin alone, because ETH's gain and XRP's loss largely cancelled. Concentrating in the right asset beat spreading across the sector.

The honest caveat: almost nobody bought SPCX at $135. That price was reserved for institutions and a limited slice of retail participants in the bookbuild. Anyone buying on the open market at the day-one close of $160.95 is down 9.2%, which puts real-world SpaceX buyers behind Bitcoin, behind Ethereum, and behind the basket. The stock only looks like the winner if you had allocation.

It is also worth remembering that these are two very different two-month stories. Bitcoin is roughly 50% below its October 2025 all-time high of $126,198 and has spent 2026 in a drawdown driven by record ETF outflows and a cautious Fed, briefly touching a 21-month low near $58,000 in late June. SPCX, by contrast, completed an entire boom, bust, and recovery cycle inside eight weeks. Similar destination, wildly different journey.

What could SPCX and Bitcoin do by the end of 2026?

Nobody knows, and anyone claiming otherwise is selling something. What can be done is to lay out what published forecasts actually say, and be clear that these are scenarios rather than predictions.

• The SPCX range is extraordinarily wide. Morgan Stanley's framework runs from a $75 bear case to a $300 base target and a $600 bull case, the last of which implies an $8 trillion valuation. Arete sits at $450. Morningstar, at the opposite end, holds a $62 fair value estimate with a one-star rating. From $146.15, that spread runs from roughly 58% downside to more than 300% upside. A dispersion that wide is itself information: it tells you the analyst community has no consensus on what this company is worth, because the valuation now hinges almost entirely on an AI business that is two quarters old.
• The Bitcoin range is nearly as wide, for different reasons. Year-end 2026 forecasts currently span roughly $38,000 to $250,000. NYDIG's scenario analysis flags a potential bottom near $38,000 to $39,000 by October if the historical cycle repeats. Standard Chartered's Geoff Kendrick and Bernstein have both cut their targets while still pointing to a recovery toward $100,000 to $150,000. Arthur Hayes expects $125,000 by December on improving liquidity. Tom Lee remains the outlier at $200,000 to $250,000. Algorithmic models are far more conservative, clustering around $64,000 to $67,000 for December.

How the two compare on a scenario basis:

The shapes are strikingly similar. Both assets carry roughly 40% to 55% downside in a bear case and roughly 3x upside in a bull case. The difference is what drives them. SPCX resolves on a company-specific, checkable event: whether AI revenue actually overtakes the rest of the business in September and whether the $100 billion annualised run rate lands by December. Bitcoin resolves on macro liquidity, Fed policy, ETF flows, and whether the four-year cycle framework still holds.

That distinction is the practical takeaway. SPCX gives you concentrated, binary, single-company risk with a defined catalyst calendar. Bitcoin gives you diffuse, macro-driven risk with no earnings date. Holding both is not diversification in the conventional sense, since both are high-beta risk assets that sold off together in the first half of 2026, but they do respond to genuinely different catalysts on different timelines.

One final wrinkle worth flagging: SpaceX holds 18,712 BTC. If you buy SPCX, you own a slice of a Bitcoin position whether you wanted one or not.

Where can you trade SpaceX stock?

XTB offers direct access to SPCX shares on Nasdaq alongside thousands of other global stocks and ETFs, with 0% commission on monthly turnover up to 100,000 EUR. Above that threshold a 0.2% commission applies, minimum 10 EUR, and a 0.5% currency conversion cost may apply. The platform also gives you the charting tools to actually work the levels discussed above rather than market-buying into resistance.

👉 Open an XTB account and trade SpaceX stock

Solana launchpad Pump.fun took in more than $10 million in protocol fees in the week of 3–9 August, its first week ever above that mark. Three days later, 6.875 billion new tokens hit the market. The price barely moved. Taken together, the two facts say more about the state of meme trading on Solana than any price chart.

The record week in numbers

According to crypto.news, the platform earned $10.03 million in the week of 3–9 August, roughly twelve percent more than the week before.

Since the spring, the platform has directed half of its net revenue to buybacks and burns and the other half to operations. That it out-earned Hyperliquid over a 30-day window is notable — Hyperliquid is regarded as one of the highest-revenue protocols in the market.

The unlock that wasn't

On 12 August, according to Crypto Briefing, 6.875 billion PUMP were released: roughly 4.17 billion to the team and 2.71 billion to early investors. That is 0.69 percent of the fixed one-trillion supply, worth a low double-digit million sum.

Very little happened. PUMP trades at around $0.00278 on 13 August per CoinGecko, essentially flat on the day and about 18 percent above where it stood a week earlier. Market capitalisation sits near $1.09 billion across roughly 392.7 billion circulating tokens.

The comparison explains why: July saw 82.5 billion tokens released at once, more than ten times as many. After a twelve-month cliff, distribution to team and investors now continues monthly. The August date was not an event but an instalment — and the next one follows.

Why this case is atypical for the meme segment

For most meme tokens, supply and demand can only be guessed at. Here both sides can be quantified: buybacks funded by actual fee revenue on the demand side, a published vesting schedule on the supply side. Whether the arithmetic works out is an open question. That the arithmetic can be attempted at all is the exception in this segment.

One distinction matters and is routinely blurred: PUMP is not the meme token, it is the house where meme tokens are traded. The platform earns on turnover regardless of whether any individual token launched on it survives. For investors those are two entirely different risks. We described the same conflation of infrastructure and speculative object in more detail in our Robinhood Chain guide.

Where Solana's meme ecosystem stands

Meme tokens now account for roughly 42 percent of daily volume on Solana's decentralised exchanges, with Pump.fun contributing about $492 million of the roughly $1.18 billion traded daily. That is well below the peaks of more than $2 billion a day seen at the start of the year — but a clear recovery from the spring.

How thin the base under individual tokens remains is illustrated by JIMOTHY, launched on Pump.fun in July around a viral raccoon from Seattle. After Elon Musk posted a raccoon video on X, the price rose around 331 percent — to a valuation of roughly $16 million. A token with no product whose price hangs on somebody else's social media post is not an asset class. It is a derivative on attention.

What investors should take from this

• Fee revenue is a fundamental, not a price target. It shows that trading is happening on the platform. It says nothing about what the token should be worth.
• Supply keeps growing on schedule. Monthly distribution to team and investors runs for years yet. One well-absorbed date is no evidence that the next ones will go the same way.
• The platform and the tokens on it are two separate risks. Anyone wanting exposure to Solana meme activity should decide which one — and size either position as a possible total loss.

If you want to follow individual Solana meme tokens further, our running assessments are in the dogwifhat price prediction and the Bonk price prediction. Both state plainly that these tokens have no business model — something a record week for the platform they trade on does not change.

(As of 13 August 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

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.

Revolut is removing USDT from its trading list for customers in the European Economic Area and Switzerland. Purchases have been unavailable since July 6, 2026, and deposits have been blocked since July 30, 2026. The deadline expires for good on August 31, 2026: anyone who has not sold or transferred by then will have their remaining USDT balance converted automatically into their account currency at the prevailing market rate.

This goes beyond the question of where you keep your stablecoins. Under German tax law the forced conversion is itself a disposal, one the platform triggers without any action on your part. Letting the deadline pass costs you a trading option and also produces a taxable event at a time and a price you did not choose.

Revolut delists USDT: purchase stop, deposit block and the hard deadline of August 31

The shutdown comes in three stages. Since July 6, 2026, USDT can no longer be bought through Revolut. Since July 30, 2026, the app has also stopped accepting deposits; USDT sent to Revolut from an external wallet has been rejected ever since. The third and final stage follows on August 31, 2026, when USDT can no longer be held in the account at all. Several trade publications report this consistently, citing Revolut's own notice, among them The Paypers.

The same geographic scope applies to all three dates: customers in the European Economic Area and in Switzerland are affected. Outside that region, Revolut continues to offer USDT unchanged, according to the reports.

Until August 31 you have two active options: sell your USDT, or move it to a wallet or an exchange that still lists the stablecoin. If you do nothing, a third option applies automatically, and it is barely an option at all, because you control neither the timing nor the price. Counting from today, a good three weeks remain, which is enough for a sale or a transfer but no longer enough for lengthy hesitation.

Why Revolut is dropping USDT: Tether's missing MiCA licence

The trigger is the EU's Markets in Crypto-Assets regulation, MiCA for short, whose transition period for stablecoin issuers ended on July 1, 2026. Since then, MiCA-regulated platforms may only offer stablecoins whose issuer is authorised as an e-money institution and holds minimum reserves with banks in the EU. Tether has so far not applied for that authorisation for USDT.

Tether chief executive Paolo Ardoino has publicly criticised the reserve requirements and, according to reports, argued that the rule does more to raise liquidity risk than to reduce it. The criticism does not change the legal position: without authorisation, USDT remains a delisting candidate for MiCA-compliant platforms in the EU, whatever the company thinks of the regulation.

What happens to your USDT balance if you do nothing before August 31

If USDT is still sitting in your Revolut account after August 31, 2026, the app converts the balance automatically into your account currency, at the market rate applicable at that moment. At that point you make no decision at all, neither about the timing nor about the rate nor about whether the conversion works out well or badly for you in tax terms.

That sets the case apart from an ordinary reallocation. Normally you decide yourself when to close a position, and you can align the timing with your personal holding period or your tax situation. A forced conversion removes that room for manoeuvre. If you know your balance and act in time, you at least keep control over when the transaction happens.

USDT tax: the forced conversion counts as a disposal under section 23 EStG

According to our coverage of stablecoins and taxes from July 3, 2026, the German Federal Ministry of Finance makes the position clear: exchanging crypto assets for government-issued currencies, goods, services or other crypto assets can constitute a disposal. That classification applies whether you trigger the transaction yourself or a platform carries it out automatically on your behalf.

The decisive provision is section 23 (1) sentence 1 number 2 of the German Income Tax Act. It covers disposals of other assets, a category that includes crypto assets in the view of the tax authorities, where no more than one year lies between acquisition and disposal. The statute also expressly addresses the case of several similar foreign-currency amounts: where there have been several purchases, the amounts acquired first are deemed to be disposed of first.

The transaction also falls into a new reporting environment. The EU's DAC8 directive has applied since January 1, 2026, requiring MiCA-regulated crypto platforms such as Revolut to report their customers' transaction data automatically to the tax authorities. The first reporting period covers 2026 and is expected to reach tax offices from 2027. The forced conversion therefore does not vanish quietly inside an app; sooner or later it reaches the tax office as well.

Crypto tax: the one-year holding period starts afresh with your USDT

For calculating the period, the relevant date is the moment you acquired your USDT, and the date of your first investment in crypto assets makes no difference. If you swapped Bitcoin tax-free into USDT after two years, for example, a new one-year period begins for that USDT. If the forced conversion falls within that period, any resulting gain is generally subject to income tax.

One relief remains in place: gains from private disposal transactions stay tax-free if the total gain from all such transactions in the calendar year comes to less than €1,000. This exemption threshold applies to all of the year's private disposals taken together, and the Revolut conversion is simply one of them. If you have already realised other crypto gains this year, count the forced conversion towards them, because even a small additional gain can push you past the threshold.

Three ways to act on your USDT before August 31

Doing nothing is the one option you do not have to choose actively, and it still has consequences. Three alternatives are open to you, with different practical and tax implications.

1. Sell your USDT and move into euros or another currency. That way you determine the timing and the price yourself. In tax terms the event stays the same: a disposal whose outcome depends on your holding period and your acquisition price.
2. Transfer your USDT to an external wallet or to an exchange outside Revolut. A pure transfer to an address of your own is not in itself a taxable event. Which trading venues still list USDT now that the MiCA transition period has ended is shown in our comparison of regulated crypto exchanges.
3. Switch into a stablecoin listed on Revolut, such as USDC. This route avoids the forced conversion on August 31, yet it is itself a swap and falls under the same disposal rules as a sale into euros.

Kraken, Coinbase and the rest: Revolut is the laggard in the USDT exit

Revolut is not the first platform to drop USDT for its EU customers. Coinbase delisted the stablecoin back in December 2024 and Kraken followed in March 2025; Crypto.com and OKX also restricted their USDT offering for EU users before Revolut did. According to market data cited by the trade publication cryptopolitan.com in its reporting, the global market capitalisation of USDT recently stood at around $184 billion and that of USDC at around $73 billion. Globally USDT therefore remains the considerably larger stablecoin, while in the EU the delistings by the major platforms are shifting the picture in favour of USDC, whose issuer Circle has obtained MiCA authorisation.

A similar pattern of withdrawal and transition period appeared recently at the trading platform Luno, which is winding down its business for customers in the EU; our coverage of the account closure deadline at Luno describes how differently providers handle such deadlines. The difference at Revolut: only a single product disappears, while the account itself remains in place and usable.

The MiCA test: what to check on your next crypto exchange

Before you transfer USDT to a new platform, its MiCA status is worth a look. The European Securities and Markets Authority, ESMA, has maintained a central register of all authorised crypto-asset service providers since the end of 2024. It is updated regularly and rests on notifications from the national supervisory authorities; in Germany that is BaFin.

Check whether the provider appears there with a current MiCA authorisation, bearing in mind that national transitional registrations expired on July 1, 2026. Check as well whether the specific stablecoin you want to hold is listed on the new platform as an authorised e-money token, and not merely tolerated for as long as nobody looks too closely. And check whether the provider supplies a comprehensible annual summary of your transactions, the one you will need for your tax return.

What to take away from this

1. Check your Revolut balance now. Until August 31, 2026 you still decide what happens to your USDT; after that the app decides. Which exchanges continue to list the stablecoin is shown in our comparison of regulated crypto exchanges.
2. Document the price and timing of your transaction. Whether you sell, transfer or wait for the forced conversion, record the conversion rate you will need for your tax return. Software from our comparison of crypto tax tools and portfolio trackers can automate that.
3. Secure your Revolut transaction history. Download an annual summary while you still have access to your USDT trading record. Which platforms deliver a complete, exportable overview is shown in our comparison of the best crypto exchanges.

(As of August 10, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

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.

If you buy a tokenized Tesla or Apple share through a crypto app, you probably start from a rule you know from Bitcoin: hold for a year and the gain is tax-free. Carrying that rule across is the most expensive mistake in this product segment. Whether the one-year holding period applies is decided by the category of income a gain has to be assigned to. For tokenized stocks that assignment regularly comes out differently than it does for a cryptocurrency.

This article sorts the two regimes that come into consideration using the wording of the law. It does not replace tax advice in an individual case, because the classification hangs on how the particular token is structured contractually.

Tokenized stocks: what sits behind the token, and why the legal wrapper decides the tax treatment

The term “tokenized stock” does not describe a uniform product. What is meant is a token recorded on a blockchain whose value tracks the price of a real, existing share. How that link is established differs from provider to provider.

In practice you will mainly meet two designs. In the first, a custodian holds the underlying shares and issues a token that securitises a claim against the issuer. In the second, the token merely replicates the price movement. In both cases you are, as a rule, not a shareholder in company law terms: voting rights are not part of the package, and the claim runs against the issuer of the token, not against the company whose name is on the product.

That contractual construction is precisely where tax law takes hold. The Income Tax Act knows no category called “token”. It asks whether the gain stems from the disposal of an asset or from a capital claim that promises you repayment. Which description fits follows from the issuer documents and not from the label the app files the instrument under.

Which trading venues offer such products in Europe at all is set out in our overview of exchanges for real world assets and tokenized stocks. Which provider suits the way you invest is covered in the comparison of the best crypto brokers.

The one-year holding period under Section 23 EStG covers “other assets” only

The rule Bitcoin investors have in mind sits in Section 23(1) sentence 1 no. 2 of the German Income Tax Act (EStG). What it captures there are “disposal transactions in other assets where the period between acquisition and disposal is no more than one year”. Hold for longer and you no longer meet the elements of the provision at all, so the gain stays out of the calculation.

Two details of this norm are regularly overlooked. First, under sentence 4 of the same provision a period of ten years applies instead of one if the asset generates “income in at least one calendar year”. Second, under Section 23(3) sentence 5 the gain is only tax-free if the total gain from all private disposal transactions in the calendar year came to less than 1,000 euros. That is an exemption limit and not an allowance: at a total gain of 1,000 euros the full amount is taxable, not just the excess. You can read Section 23 EStG in the original wording directly at the Federal Ministry of Justice.

The decisive point for tokenized stocks lies in the opening feature. Section 23 presupposes an “other asset”, meaning an item that is precisely not already captured by a category of income that takes precedence. As soon as a product has to be classified as a capital claim, it leaves that scope, and the holding period loses its significance entirely.

A repayment claim against the issuer: the feature that brings tokenized stocks under Section 20 EStG

Section 20(1) no. 7 EStG captures “income from other capital claims of any kind where repayment of the capital or a consideration for letting the capital be used has been promised or granted”. The disposal of such claims is captured through Section 20(2) sentence 1 no. 7. Alongside it, no. 3 covers the gain from forward transactions “through which the taxpayer obtains a cash settlement or an amount of money or advantage determined by the value of a variable reference figure”. The full text of Section 20 EStG shows how far that catalogue reaches.

The element that in practice almost always decides the matter for tokenized stocks is the promised repayment. If the issuer undertakes contractually to redeem the token against the deposited share or against its cash equivalent, much speaks for a capital claim. If instead the token only maps a price movement and the claim is for a cash settlement, classification as a forward transaction moves to the fore. Both routes lead out of Section 23.

An editorial assessment: because the structure differs from product to product, the classification cannot be settled in blanket form for the whole product group. What is solid is the reverse statement, and for your planning it usually suffices. The assumption that after twelve months the gain is automatically tax-free does not hold for these products.

Flat tax of 25 percent under Section 32d EStG: what falls due on investment income from tokenized stocks

If the gain falls under Section 20 EStG, the separate tax rate applies. Section 32d(1) sentence 1 EStG provides: “The income tax on income from capital assets that does not fall under Section 20(8) is 25 percent.” On top of that come the solidarity surcharge and, if you are liable to church tax, the church tax; for the latter, sentence 3 of the provision provides for a reduction.

The practical difference from the crypto world reaches further than the bare percentage suggests. With an asset under Section 23 EStG the holding period decides whether any tax arises at all; where it does fall due, it is measured by your personal income tax rate. With investment income the tax arises regardless of the holding period, but at a fixed rate.

Exemption limit and saver’s allowance: two amounts of 1,000 euros each that have nothing to do with one another

This is where confusion arises particularly often in practice, because the figure 1,000 turns up in both systems. The amounts are constructed differently, though, and cannot be set off against one another.

• Exemption limit under Section 23(3) sentence 5 EStG: gains from private disposal transactions stay tax-free if the total gain in the calendar year came to less than 1,000 euros. Once the threshold is reached, the entire gain is taxable.
• Saver’s allowance under Section 20(9) EStG: for income from capital assets an amount of 1,000 euros is deducted as income-related expenses; spouses assessed jointly are entitled to a combined allowance of 2,000 euros. It works as a genuine deduction rather than as an all-or-nothing threshold.

If you disposed of both Bitcoin and tokenized stocks in the same year, you have to keep the two calculations apart. An unused saver’s allowance does nothing for the gain from the crypto sale, and a gain below the exemption limit of Section 23 does not reduce the tax on investment income. A look at the comparison of crypto tax tools and portfolio trackers is worth it above all when your transactions are spread across several platforms.

Loss offsetting: why losses on tokenized stocks do not run against Bitcoin gains

The separation of the two systems shows most clearly when something goes wrong. For private disposal transactions, Section 23(3) sentence 7 EStG provides that losses “may be offset only up to the amount of the gain the taxpayer realised from private disposal transactions in the same calendar year”. A loss from a crypto sale within the one-year period therefore stays in its own bucket.

The same applies in reverse: a loss from a product governed by the investment income rules cannot be set against a gain from a private disposal transaction. If you want to tidy up your portfolio at year-end, you should therefore know beforehand which bucket each position sits in. Which events trigger tax on other crypto products is broken down in our article on stablecoins and taxes.

Annex KAP or Annex SO: which part of the tax return the gain on tokenized stocks belongs in

The assignment to a category of income follows through directly to where the transaction lands in the tax return. Income from capital assets under Section 20 EStG is entered in Annex KAP. Private disposal transactions under Section 23 EStG count as other income and therefore belong in Annex SO.

You do not set this switch as you see fit; it follows the classification of the product. Entering the same transaction in both places to be on the safe side creates a double entry that prompts queries. Which records you should gather for both annexes is set out in our overview of the documents for the crypto tax return.

The review path: how the issuer documents tell you which regime governs your tokenized stocks

The classification cannot be derived from the product name, nor from the category an app files the instrument under. What counts are the documents the issuer provides. Work through them in this order.

1. Identify the issuer. Establish who your claim runs against. The name on the product is that of the company whose price is being tracked; the contractual counterparty is someone else.
2. Look for repayment or redemption. Check whether you are promised a return against the deposited share or against its cash equivalent. This feature is the point of attachment for Section 20(1) no. 7 EStG.
3. Read the key information document. Where a key information document is provided for the product, you will find the product type described there in standardised form.
4. Check voting rights and dividends. Establish whether distributions are passed through. For tax purposes these are separate events that do not form part of the disposal gain.
5. Document the result. Record what you base your classification on and file the documents with the purchase receipt. If a query comes, the burden of explanation is yours.
6. Ask when it stays unclear. If the structure is still open after you have read the documents, that is a case for tax advice and not for an estimate.

How to recognise a reliable answer

A sound classification names the contractual clause it follows from. Information pages that speak in general terms about “crypto taxes” and treat the one-year period as settled miss the question.

Foreign issuer and no tax withheld: why the filing duty for tokenized stocks stays with you

Many tokenized stocks are traded through platforms that are not a domestic paying agent. No withholding tax is then deducted, and the transaction appears in no annual tax certificate.

Section 32d(3) sentence 1 EStG is unambiguous at this point: “Taxable investment income that has not been subject to withholding tax must be declared by the taxpayer in their income tax return.” Under sentence 3, an assessment is to be carried out in that case. A missing deduction at source is therefore the trigger for a duty of your own and not a sign that there is nothing to declare.

If you trade across several platforms, you should therefore check whether the provider supplies a usable annual statement. Which trading venues deliver documented exports is listed in the comparison of the best crypto exchanges.

What to take away on tokenized stocks

1. Check first whether repayment is promised to you. This one feature decides whether the one-year period comes into consideration at all. Which providers keep their product documents accessible is shown in the comparison of the best crypto brokers.
2. Keep two separate schedules. Private disposal transactions and investment income are calculated separately, offset separately and declared in different annexes. Software that keeps the two areas cleanly apart is covered in the comparison of crypto tax tools and portfolio trackers.
3. Secure the documents at the time of purchase. Download the product description and the annual statement while your access to the platform still exists. Which trading venues deliver reliable exports is shown in the comparison of the best crypto exchanges.

(As of August 9, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

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 company's CEO said a 5,014 BTC transfer was a custody move, not a sale, as the Tokyo-listed Bitcoin treasury company rolls out a fixed-rate debt program.

Lawmakers targeted the deposits that scammers rely on, with the machines still able to sell crypto for dollars or swap one coin for another.

An FCA employee bought crypto from a UK IP address using a driving license as ID, according to the regulator's claim.

The Ethereum staking platform is adding asset trading, fiat accounts, and borrowing through Aave as it pushes into crypto banking.

The hardware wallet manufacturer says its devices and backups are untouched, but the leak hands attackers valuable customer data.

As Bitcoin mining margins hit historic lows, giant Riot Platforms liquidates 4,300 BTC to build more data centers amid massive shift into AI infrastructure.

Billionaire Mike Novogratz says the U.S. government's fiscal problems are keeping him bullish on Bitcoin.

Michael Saylor stuns the market by integrating Tether’s USDT into Strategy’s new Bitcoin framework to solve the crypto's transactional speed limits.

Evernorth alters its listing formula as XRP hits $1, cutting the Nasdaq share supply to protect investor NAV with backing from Ripple, SBI Group, and Pantera Capital.

Hardware wallet maker Trezor has disclosed a data breach at one of its shipping providers that exposed sensitive personal information belonging to nearly 14,000 customers across seven countries.

Key Highlights

• Bill Ackman’s Pershing Square Capital Management revealed a 3.15 million-share position in Netflix, accounting for 4.9% of the fund’s holdings.
• Shares climbed as much as 4.7% on Thursday, maintaining gains of approximately 3.5% through mid-morning trading.
• The hedge fund described Netflix as having “effectively won the streaming wars” with expectations for double-digit revenue growth.
• The streaming giant’s advertising-supported subscription tier is projected to deliver around $3 billion in 2026 revenue, with U.S. Upfront commitments nearly doubling annually.
• Shares have declined approximately 42% from last year’s peak and currently trade at 24 times earnings, significantly below the three-year average of 43.

Shares of Netflix (NFLX) surged as much as 4.7% during Thursday’s early trading session following the announcement that Bill Ackman’s Pershing Square Capital Management acquired a 3.15 million-share stake in the streaming platform. The stock maintained approximately 3.5% gains by mid-morning, hovering around $76.91.

Netflix, Inc., NFLX

The investment was revealed in Pershing Square’s semiannual shareholder report published Wednesday night. This holding constitutes 4.9% of the hedge fund’s total portfolio allocation.

Pershing Square maintains its reputation for concentrated investing strategies, typically holding positions in fewer than twelve companies simultaneously. An investment of this magnitude signals strong conviction in the company’s prospects.

The shareholder communication articulated the investment thesis directly. “Netflix has since effectively won the streaming wars,” Pershing stated, projecting the company will “compound revenue at a double-digit growth rate, with content costs growing more slowly than revenue, driving continued margin expansion.”

Additionally, the fund characterized Netflix’s present valuation as representing a “substantial discount,” describing it as “highly attractive in terms of business quality and prospective earnings growth.”

This investment holds particular significance considering Pershing Square’s previous involvement with the company. The fund purchased more than $1 billion worth of Netflix shares in early 2022, subsequently exiting the position months later with losses surpassing $400 million. Returning to the stock demonstrates renewed confidence.

Netflix shares have declined between 42% and 50% from their June 2025 peak levels, pressured by an unsuccessful Warner Bros. Discovery acquisition attempt, rumors of additional failed negotiations, and worries surrounding viewer engagement metrics.

Advertising Revenue Gaining Traction

Despite recent share price weakness, Netflix has been implementing strategic initiatives to strengthen its business fundamentals. The company’s advertising-supported subscription option is experiencing rapid adoption, with 2026 U.S. Upfront advertising commitments approaching double the previous year’s levels.

Management projects approximately $3 billion in advertising revenue for 2026. This subscription tier is evolving into a substantial secondary revenue stream.

The company’s push into live sports programming is also attracting demographics that Netflix traditionally struggled to capture. This strategy expands the subscriber base without proportionate increases in content expenditures.

Valuation Forms Central Thesis

Trading at 24 times forward earnings, Netflix is valued substantially below its three-year average earnings multiple of 43. For a business demonstrating consistent double-digit revenue expansion and improving profit margins, this valuation discount appears noteworthy.

Ackman’s shareholder letter emphasized this dynamic. The combination of compressed valuation, accelerating ad revenue, and disciplined content spending represents the foundation of Pershing’s investment rationale.

Broader equity markets provided a supportive environment Thursday, with the S&P 500 advancing 0.2%, the Dow Jones Industrial Average climbing 0.2%, and the Nasdaq Composite rising 0.1%. Netflix’s performance significantly exceeded these benchmark indices, driven exclusively by the stake disclosure.

One potential headwind: both Netflix’s CEO and CFO executed stock sales in early August, while analysts noted moderately slower revenue growth in Q3 guidance following second-quarter earnings results.

The company’s ad-supported subscription tier continues tracking toward exceeding $3 billion in revenue for the current year, supported by Upfront commitments that have nearly doubled on an annual basis.

The post Netflix (NFLX) Surges as Ackman’s Pershing Square Reveals Nearly 5% Portfolio Position appeared first on Blockonomi.

Quick Summary

• Cisco shares declined 6-7% following quarterly results showing $17.3 billion in record sales but shrinking profit margins
• Cerebras Systems stock plunged 15-17% post-earnings despite achieving 70% revenue growth compared to last year
• The S&P 500 achieved a new intraday peak following inflation data that came in lighter than forecasts
• Crude oil prices slid more than 2% following an unprecedented U.S. inventory increase of 17.4 million barrels
• Billionaire Bill Ackman’s Pershing Square re-established a position in Netflix during a comprehensive portfolio restructuring

Cisco Shares Decline Following Quarterly Results Despite Sales Milestone

[[LINK_START_0]]Cisco[[LINK_END_0]] delivered quarterly sales of $17.3 billion, marking an 18% increase from the previous year and establishing a company record. The networking giant benefited from robust demand for infrastructure equipment powering artificial intelligence data centers.

Management also provided fiscal 2027 revenue projections ranging from $72.2 billion to $73.4 billion, surpassing analyst consensus estimates.

However, shares tumbled approximately 6-7% in response. The company’s gross margin contracted to 66.3% from 68.4% in the year-ago period, and the margin guidance disappointed Wall Street.

The networking equipment maker’s increasing focus on AI hardware components is boosting top-line growth while simultaneously compressing profitability metrics.

Cerebras Stock Plummets Despite Strong Revenue Performance

[[LINK_START_1]]Cerebras Systems[[LINK_END_1]] announced second-quarter GAAP revenue of $180.1 million, representing approximately 70% year-over-year expansion. Core revenue totaled $209.9 million, prompting the company to elevate its full-year core revenue outlook to a range of $880 million to $890 million.

Despite these results, shares plummeted 15-17% following the announcement. Core gross margin registered at 41%, while the company’s approximately $25 billion order backlog remained unchanged throughout the quarter.

The market response to both Cisco and Cerebras earnings delivers a clear message. Investors in artificial intelligence stocks are no longer satisfied with revenue expansion alone. Profit margins and bottom-line performance have emerged as critical evaluation criteria.

S&P 500 Reaches New Peak Following Softer Inflation Data

Equity markets advanced Thursday. The [[LINK_START_2]]S&P 500[[LINK_END_2]] established a fresh intraday high following July’s Producer Price Index release, which undershot analyst projections.

Producer prices remained unchanged month-over-month, contrasting with the anticipated 0.2% increase. Year-over-year PPI inflation decelerated to 4.7% from the prior month’s 5.5% reading.

The figures alleviated market anxiety regarding potential additional Federal Reserve interest rate hikes. Major technology names including Nvidia, Microsoft, and Apple posted gains following the release.

Crude Prices Slide Over 2% Following Inventory Report

[[LINK_START_3]]Oil prices[[LINK_END_3]] experienced significant declines Thursday. Brent crude retreated approximately 2.2% to roughly $87 per barrel, while West Texas Intermediate declined to around $81.

An unexpected accumulation of 17.4 million barrels in U.S. crude stockpiles triggered the selloff. The figure represented the most substantial weekly expansion since January 2023.

OPEC simultaneously reduced its projections for worldwide oil demand growth in 2026. Sustained crude price weakness could contribute to moderating broader inflationary pressures throughout the economy.

Bill Ackman Re-Enters Netflix Position Four Years Following Major Loss

Hedge fund manager Bill Ackman has executed a significant Pershing Square portfolio transformation and re-entered [[LINK_START_4]]Netflix[[LINK_END_4]]. Regulatory filings revealed six fresh positions encompassing Netflix, Visa, Mastercard, Alcon, Intercontinental Exchange, and S&P Global.

Ackman initially established his Netflix stake in early 2022 before liquidating the position mere months afterward at a loss exceeding $400 million, following disappointing subscriber growth data that hammered the stock.

His renewed investment suggests confidence in the streaming platform’s transformation. Netflix has subsequently launched an advertising-supported tier and expanded into live sports programming, fundamentally altering its revenue model.

The restructuring represents one of Pershing Square’s most comprehensive portfolio adjustments in recent years.

The post Market Recap: Cisco (CSCO) and Cerebras Slide on Margin Worries While S&P 500 Reaches New Peak appeared first on Blockonomi.

Zoomex has expanded its Stock Perpetuals lineup with twelve new USDT-margined contracts, giving traders 24/7 exposure to some of the most closely watched names in U.S. equities. UnitedHealth Group (UNH), General Electric (GE), JPMorgan Chase (JPM), Gilead Sciences (GILD), Regeneron Pharmaceuticals (REGN), Amgen (AMGN), Walmart (WMT), Coca-Cola (KO), PepsiCo (PEP), Mastercard (MA), PayPal Holdings (PYPL), and Berkshire Hathaway Class B (BRK.B) are now live for long and short positions, with no traditional market hours required.

The listing lands at a pivotal moment for the category. Tokenized stock perpetuals have gone from a niche product to one of the fastest-growing corners of crypto derivatives in 2026, as traders look for leveraged, 24/7 access to equities that traditional brokerages close off for two-thirds of every week. Zoomex’s latest batch follows that momentum with a Fair Access & Rule-Based Execution approach, with every contract publishing its leverage cap, tick size, and funding rate ceiling upfront.

How the New Contracts Work

All twelve new pairs run on the same infrastructure as Zoomex’s existing USDT Perpetuals, Focused on Derivatives, with no separate account or interface to learn.

• Leverage: up to 25x on most pairs (20x on REGN and PYPL)
• Margin: Cross and Isolated modes, trader’s choice
• Settlement: USDT, with funding every 8 hours
• Funding rate cap: 2.00% (2.50% on REGN)
• Availability: 24/7, Long or Short

Traders simply search the ticker under the Stock category in Perpetual trading, consistent with the Easy to Use principle that runs across the platform.

Why This Matters for Investors

Tokenized equity perpetuals still make up a small fraction of traditional stock market volume, but that gap is closing fast, and the platforms building this out early are shaping how the category eventually matures. For traders, the practical upside is straightforward: positions that would otherwise wait for Monday’s opening bell can now be opened, adjusted, or closed the moment news breaks, including biotech readouts, bank earnings, or inflation data that lands outside regular trading hours.

Zoomex’s approach keeps that opportunity Transparent by Design, with published parameters for every contract, the same rulebook across all Stock Perpetuals, and a Refined Brand & Trading Experience that lets traders move between crypto and equity exposure without switching platforms or relearning margin mechanics.

Getting Started

All twelve new Stock Perpetual contracts are live now. Traders can head to the Derivatives/Futures page and search the ticker directly, or browse the Stock category under Perpetual trading to see the full lineup alongside existing contracts on Apple, Tesla, and Nvidia.

As with all Zoomex derivatives products, parameters including leverage, tick size, and funding rate caps are subject to change based on market conditions. Traders should check the latest contract specifications before opening a position.

About Zoomex

Founded in 2021, Zoomex is a global cryptocurrency trading platform focused on derivatives trading. The platform serves over 3 million users across 35+ countries and regions, offering access to 700+ trading pairs. Built around easy-to-use, transparency, fairness, and speed, Zoomex provides a clear and efficient trading experience for users worldwide.

Through its high-performance matching engine, clear asset and order displays, and transparent fee and rule mechanisms, Zoomex helps users better understand their account status, order execution, trading costs, and results. Zoomex maintains registrations, licenses, and regulatory statuses across multiple jurisdictions, including the U.S. MSB, Canada MSB, U.S. NFA, and Australia AUSTRAC, and has completed security audits conducted by blockchain security firm Hacken. The platform also continues to strengthen its trust framework through Proof of Reserves, Security & Transparency, Compliance Information, and Fees / Rules Transparency initiatives.

Beyond trading, Zoomex builds a refined brand experience through elite sports partnerships, including the TGR Haas F1 Team, World Cup-winning goalkeeper Emiliano Martínez, and world-class tennis events such as Wimbledon. The values of speed, precision, discipline, fair play, and rule-based execution are closely aligned with Zoomex’s approach to derivatives trading.

At Zoomex: Easy to Use. Transparent balance. Fair access to your earnings.

Frequently Asked Questions

What is Zoomex? Zoomex is a global crypto derivatives platform founded in 2021, serving over 3 million users across more than 35 countries and regions with 700+ trading pairs.

How does Zoomex work? Zoomex operates through a high-performance matching engine with transparent asset and order displays, allowing users to execute trades and track outcomes with full visibility into their balances and results.

What can you trade on Zoomex? Zoomex offers 700+ trading pairs spanning cryptocurrencies such as BTC, ETH, and SOL, as well as stock-linked contracts like NVDA and AAPL and gold exposure through XAUT.

Where is Zoomex headquartered? Zoomex operates as a global cryptocurrency exchange with regulatory registrations including Canada MSB, U.S. MSB, U.S. NFA, and Australia AUSTRAC, reflecting its multi-jurisdictional compliance approach.

Is Zoomex available in my country? Zoomex serves users across more than 35 countries and regions. Availability can vary by local regulation, so traders should check the official Zoomex website for country-specific access and requirements.

Media Contact

Contact: Catherine

Company: Zoomex

Address: 306 Victoria House, Victoria, Mahé, Seychelles

Website: www.zoomex.com

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Key Highlights

• Databricks finalized a $5 billion capital raise Thursday, achieving a $190 billion company valuation
• The new valuation represents a 42% surge from the $134 billion figure recorded half a year earlier
• Annual revenue run rate has surpassed $7 billion, with Q2 year-over-year growth exceeding 80%
• Investment leaders included Coatue, Blackstone, MGX, T. Rowe Price, and Sixth Street Growth
• The company continues postponing its public market debut while private funding flows freely

The San Francisco-headquartered data platform completed a massive $5 billion financing round Thursday, reaching a $190 billion company valuation—a substantial 42% climb from its $134 billion assessment recorded just six months prior.

The artificial intelligence-focused data company had previously indicated in recent weeks it was pursuing capital at approximately $188 billion, with Coatue Management spearheading the effort. The completed transaction exceeded initial projections.

Chief Executive Ali Ghodsi characterized the current market environment as “crazy,” attributing the surge to widespread enterprise adoption of AI agents. “Everybody’s using these agents, AI agents, and the whole world is laser focused on agents,” Ghodsi explained during a Thursday interview with CNBC.

The platform has now surpassed $7 billion in annualized revenue run rate, posting impressive year-over-year expansion of over 80% during its most recent quarter.

This marks Databricks’ second massive $5 billion fundraising event in 2026. Earlier in February, the company secured an identical amount alongside an additional $2 billion in debt financing capacity.

Leading the current investment round were Coatue, Blackstone, MGX, T. Rowe Price, and Sixth Street Growth.

According to company statements, the fresh capital injection will fuel expansion of enterprise AI capabilities, particularly its Unity AI Gateway governance platform and the Genie agentic solution.

New Product Lines Achieve Major Revenue Benchmarks

Databricks’ recently introduced Lakebase database offering has rapidly achieved a $100 million annual revenue run rate milestone. The launch positions the company as a direct challenger to established players like Oracle and SAP.

Meanwhile, its more established Lakehouse data warehousing solution has crossed the $1.5 billion run rate threshold.

During quarterly discussions, Ghodsi emphasized that Lakebase, the Genie coworker agent platform, and the AI Gateway governance tool represented standout performance areas.

In a March expansion move, Databricks entered the cybersecurity sector through the introduction of its Lakewatch software offering, broadening its portfolio considerably.

Recognition came when the company secured the No. 3 position on CNBC’s 2026 Disruptor 50 ranking, and its private market valuation has now eclipsed publicly traded competitor Snowflake’s total market capitalization.

Public Listing Remains Delayed

Despite persistent speculation about an initial public offering, Databricks continues operating as a private entity. The decision reflects a broader trend among mature startups opting to delay public markets while abundant private capital remains accessible.

Leading AI enterprises Anthropic and OpenAI have both submitted confidential IPO filings, with potential market debuts anticipated potentially within the current year.

Databricks has made no formal IPO announcements. With its $190 billion valuation and $7 billion revenue trajectory, the company already exceeds numerous publicly listed technology corporations in overall worth.

Company representatives officially verified the $190 billion valuation figure in Thursday’s announcement.

The post Databricks Soars to $190B Valuation Amid Explosive AI Agent Demand appeared first on Blockonomi.

Key Highlights

• Advanced Micro Devices is pursuing a bond offering targeting $4 billion to $5 billion in capital.
• The offering features four separate tranches with maturity dates spanning 3, 5, 7, and 10 years.
• Funds raised will support general corporate operations and potentially refinance existing obligations.
• The company faces $875 million in maturing bonds scheduled for next month.
• This financing effort comes after recent partnership announcements with Anthropic and Microsoft in the AI sector.

On Thursday, Advanced Micro Devices initiated what could become its largest investment-grade debt issuance, targeting up to $5 billion in capital through the bond markets.

Advanced Micro Devices, Inc., AMD

The semiconductor manufacturer submitted documentation to the U.S. Securities and Exchange Commission Thursday morning regarding the transaction, although precise terms were not disclosed in the initial filing.

The company is offering senior unsecured notes divided across four separate tranches, maturing in 2029, 2031, 2033, and 2036. Preliminary pricing guidance indicated spreads of approximately 70 basis points above comparable U.S. Treasury securities for the 3-year notes, 90 basis points for the 5-year tranche, 100 basis points for the 7-year offering, and 115 basis points for the 10-year securities.

AMD stock traded approximately 1.8% higher during Thursday’s session.

The ultimate offering size remains subject to change based on market reception and investor appetite.

Settlement for the bonds is anticipated on August 17.

Strategic AI Partnerships Fuel Capital Requirements

This capital raise arrives as AMD increases its investment in infrastructure to accommodate surging demand for artificial intelligence computing capabilities. The semiconductor firm has recently finalized agreements with Anthropic and Microsoft aimed at broadening its presence in the AI processor market.

Under the terms of the Anthropic partnership, AMD has pledged to invest up to $5 billion in the developer of the Claude AI assistant.

According to company statements, proceeds from the bond sale will be allocated toward general corporate needs, potentially including the retirement of current debt obligations. The chipmaker has $875 million in bonds reaching maturity in the coming month.

Financial Institutions Managing the Transaction

Bank of America, JPMorgan, Barclays, and Wells Fargo are serving as lead underwriters for the offering, based on information from the term sheet.

Additional managers for the transaction include Barclays, Citigroup, Morgan Stanley, and several other institutions, according to people familiar with the matter.

Representatives from JPMorgan and Citi declined to provide commentary. AMD and the other financial institutions did not immediately return requests seeking comment.

This debt issuance positions AMD among an expanding group of technology firms accessing capital markets to finance artificial intelligence-focused investments.

The multi-tranche approach provides flexibility for investors seeking exposure across different segments of the yield curve, ranging from shorter-duration notes to decade-long securities.

The 10-year notes, representing the longest maturity in this offering, carry preliminary pricing at a premium of 115 basis points above comparable Treasury yields.

Final pricing details had not been established as of Thursday’s market close.

The post Advanced Micro Devices (AMD) Stock Climbs as Company Launches $5B Debt Offering appeared first on Blockonomi.

The breach hit 11,742 customers whose names, email addresses, phone numbers, and shipping addresses were all exposed, plus 1,947 whose names, cities, and email addresses were taken.

Order numbers were included. Trezor said the records came from orders received between May 10 and August 8, 2026, and named the United States, United Kingdom, Sweden, Colombia, Brazil, Italy, and Portugal as the affected markets.

“Our systems were not compromised, and your Trezor device is secure,” the company stated, adding that hardware wallets, private keys, and wallet backups were not affected.

A 90-day data storage policy, which Trezor said it negotiated into its fulfillment partners’ terms as well, kept older orders out of the exposed set, but every affected customer was contacted individually by email.

Phishing Warning Follows Address Leak

Trezor told customers to treat any communication that demands immediate action or requests personal information as “suspicious,” to check claims against official channels, and to never enter a wallet backup on a website or share it with anyone.

Its disclosure said affected customers “could experience an increase in phishing attempts.” But it seems users found that statement cynical. “Phishing?? They have physical addresses, you imbeciles,” wrote an X user posting as Chikun, in a reply that collected about 159 likes within the hour. Another reply called the exposure “irl phishing.”

We have some difficult news to share. Unfortunately, one of our shipping providers has experienced a data breach that exposed sensitive order data. This affects new customers in the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal who received an order within the 90 days…

— Trezor (@Trezor) August 13, 2026

The phishing risk still tracks what followed a comparable incident at a rival. CryptoPotato reported that scammers used order data leaked from Ledger’s e-commerce partner Global-e to send phishing emails claiming Ledger and Trezor had merged, pushing recipients to enter 24-word recovery phrases on a fake site.

Yet Another Trezor Incident

Trezor said it is investigating and will publish updates on its blog. The company also mentioned building an Anonymous Delivery option, with neutral packaging, generic sender details, and automatic deletion of shipping identifiers.

Not an easy time for being a Trezor customer, as they have been reached through vendors twice before. Attackers sent phishing emails through a Trezor mailing list compromised at MailChimp in 2022, pointing users to lookalike download domains built to steal seed phrases.

Two years later, a breach of a third-party support ticketing portal exposed names and email addresses for roughly 66,000 users who had contacted Trezor Support since December 2021. Both of those exposed contact details, but this one exposed home addresses across multiple countries.

The post Trezor Provider ShipMonk Breach Exposed Order Data for 13,689 Hardware Wallet Customers appeared first on CryptoPotato.

It is quite challenging to spot a cryptocurrency whose price has jumped by double digits over the past seven days, with Monero (XMR) among the few exceptions.

Following the green wave, many market observers have become optimistic, expecting additional gains.

Just the Beginning?

XMR has crossed $400, currently trading at around $404 (according to CoinGecko), representing a 13% weekly increase. Its market capitalization has exceeded $7.5 billion, making it the 16th-largest cryptocurrency after overtaking Cardano’s ADA.

The exact catalyst for the resurgence remains rather unclear, yet certain analysts spotted the formation of bullish patterns that could support a more sustainable uptrend. Several days ago, X user The Moon Show claimed that XMR might be carving out a massive cup-and-handle structure.

“I’m watching for a clean handle followed by a breakout above $430. If that happens, things could move very fast,” they said.

For their part, Lucky (an X user with almost two million followers) described the move north as a “special breakout from a special privacy gem.” The analyst argued that it has entered the bullish trend, projecting a pump to almost $600.

Crypto With Gopal appears to be the biggest optimist. He opined that XMR has formed a massive triangle pattern, with the price consolidating near $400 after a strong recovery, as rising support and descending resistance squeeze momentum.

“Bulls are holding the range as a major breakout setup develops. A clean breakout above the upper trendline could trigger a major expansion move toward the $1,000 target,” he forecasted.

The Bearish Signals

It is worth mentioning that, based on two important factors, XMR’s rally could be abruptly replaced by a short-term pullback. The first is the asset’s Relative Strength Index (RSI), which measures the speed and magnitude of recent price changes to give traders an idea about possible trend reversals.

It ranges from 0 to 100, where anything above 70 means that the coin has entered overbought territory and could be due for a correction. In contrast, ratios below 30 are typically interpreted as buying opportunities. As of now, the RSI stands at around 77.

The second element is XMR’s exchange netflow. In the past few months, inflows have dominated outflows, signaling that investors have abandoned self-custody and flocked to centralized platforms. This, in turn, increases immediate selling pressure.

The post Monero (XMR) Rises 13% Weekly as Analysts Expect Further Upside appeared first on CryptoPotato.

XRP remains firmly in a corrective structure, with the token trading near $1.00 after months of lower highs and lower lows. While the current support zone could trigger a relief move, the broader trend remains bearish until the asset can reclaim several key resistance levels.

Ripple Price Analysis: The USDT Pair

On the XRP/USDT daily chart, the price continues to trade inside a descending channel and below the 100-day and 200-day moving averages shown on the chart. This keeps the broader market structure tilted to the downside.

XRP is currently testing the $1.00 support zone, which has acted as a local floor during the recent consolidation. Holding this area could give buyers an opportunity to build a base and initiate a recovery toward the first major resistance at $1.25-$1.30. This zone is particularly important as it aligns with the critical 200-day moving average, which is currently declining around the same area.

A breakout above the descending channel and the $1.30 supply zone would improve the technical picture and could open the door toward the $1.50-$1.60 resistance area. However, as long as XRP remains below the $1.25-$1.30 area, the prevailing downtrend remains intact.

If the $1.00 support fails, the next major downside area appears around $0.90. A sustained move below that zone would signal another significant structural breakdown that could push the price even deeper and toward the lower boundary of the large channel.

The BTC Pair

The XRP/BTC pair paints a similarly weak picture. The pair has broken below the 1,700 sats support level and continues to trade within a broader descending structure.

XRP/BTC is now approaching the 1,500 sats support zone. Holding this area could allow for a recovery back toward 1,700 sats, which has now become the first key resistance. Until that level is reclaimed, XRP appears likely to remain relatively weak against Bitcoin.

Overall, XRP is in a critical technical area on both charts. The 1,500 sat demand zone is the crucial level for buyers to defend on the BTC pair. A sustained defense of this area could also fuel a rebound against USDT, but the broader bearish structure remains in place unless XRP begins reclaiming the overhead resistance levels.

The post Ripple Price Analysis: XRP Structure Remains Weak as $1 Support Comes Under Pressure Again appeared first on CryptoPotato.

Ethereum continues to lack decisive momentum, with the price remaining trapped in consolidation despite its recovery from the June lows. The market is now hovering around the 100-day moving average, while the lower timeframes show ETH compressed between clearly defined support and resistance zones.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, ETH is trading around $1.9K, with the latest candles showing little directional conviction. The most notable development is the horizontal consolidation that has formed around the 100-day moving average, which is currently passing through approximately the same region.

The market has repeatedly fluctuated around this moving average without establishing a sustained move on either side. This lack of momentum suggests neither buyers nor sellers have gained decisive control, leaving ETH in a neutral consolidation phase in the short term.

Nevertheless, the broader structure remains vulnerable. On the upside, the $2.06K-$2.15K zone is the first major resistance area, with the longer-term moving average also converging toward this region. A decisive breakout above it would provide considerably stronger evidence of a bullish structural shift.

Meanwhile, the nearest support sits around $1.81K-$1.84K. Losing this area would weaken the recent recovery and could eventually expose the much more significant $1.53K-$1.57K demand zone. Until either side of the current consolidation is broken with momentum, however, range-bound price action remains the more likely scenario.

ETH/USDT 4-Hour Chart

The 4-hour timeframe provides a clearer view of the current range. ETH is oscillating between the $1.80K-$1.84K demand zone and the $1.95K-$1.98K resistance area, with price currently near the middle of this structure at roughly $1.89K.

Importantly, the ascending trendline underneath the recent price action remains intact and is currently acting as dynamic support. The latest selloff briefly tested the trendline around the $1.86K-$1.87K region before buyers stepped in, preserving the sequence of higher lows that has developed since late June.

However, buyers have repeatedly struggled to generate enough momentum to break through the upper boundary. The $1.95K-$1.98K resistance zone has already rejected the market, making it the key obstacle to another bullish leg. A successful breakout could allow ETH to extend toward the upper boundary of the broader ascending channel around $2K and above.

Conversely, a breakdown below the ascending trendline would place renewed pressure on the $1.80K-$1.84K support zone. Losing both would represent a meaningful deterioration in the short-term structure and could open the door to a deeper correction toward the lower support areas.

Sentiment Analysis

The two-week liquidation heatmap captures the liquidity structure that has developed during ETH’s recent consolidation phase. With spot price moving sideways, leveraged positions have accumulated on both sides of the range, creating potential targets for short-term liquidity sweeps.

The most prominent nearby concentration appears above the market around $1.94K-$1.95K, almost directly overlapping with the technical resistance identified on the 4-hour chart. This makes the region particularly important, as a push through the recent highs could trigger short liquidations and potentially accelerate an upside move.

At the same time, slight liquidation liquidity is visible below the market, particularly through roughly the $1.80K-$1.85K region. This aligns closely with the 4-hour demand zone and means a downside sweep cannot be ruled out if the ascending trendline fails.

Overall, the heatmap reinforces the technical picture of a market trapped inside a range with liquidity accumulating at both extremes. Until ETH establishes a decisive breakout, sharp moves toward either side may primarily serve to clear leveraged positions before the market selects a more sustainable direction.

The post Ethereum Price Prediction: What Are ETH’s Chances of Breaking Above $2K Soon? appeared first on CryptoPotato.

The past week or so has been rather untypically calm for the largest cryptocurrency, with only minor volatility.

However, an important indicator suggests that major turbulence could be approaching, though the eventual direction remains uncertain.

“Explosive Move” on the Way?

The X account Barchart, which focuses on traditional finance, stocks, charts, cryptocurrencies, and everything in between, revealed that Bitcoin’s Bollinger Bands have squeezed to their narrowest point since October 2023. The entity highlighted that the previous occurrence of this setup preceded a 330% rally over the following two years, culminating in the asset’s all-time high above $126,000.

Repeating the scenario, though, shouldn’t be taken as guaranteed. The technical indicator, developed by John Bollinger in the 1980s, consists of a moving average flanked by two channels (upper and lower) that widen in volatile markets and narrow when things calm down.

Squeezing the bands typically foreshadows a big move, yet it provides no clarity on whether a rally or a pullback is ahead. In March this year, the Bollinger Bands (on a monthly basis) tightened to a level never seen before, and days later BTC tumbled from around $75K to approximately $65K.

In May 2025, the crypto community witnessed the opposite reaction. The Bollinger Bands squeezed at a time when the asset was trading at under $95,000, while weeks later it soared beyond $110,000.

Additional Forecasts

Yesterday (August 12), the US Bureau of Labor Statistics released the Consumer Price Index data, and numerous analysts claimed the economic event could be followed by major volatility for BTC. X user Gerla noted that each CPI report from August last year until now has been a precursor to severe turbulence and was sometimes followed by a double-digit price crash for BTC.

It is important to note that the most recent inflation results matched the previous expectations, which should be taken as a positive sign. X user Wealthmanager reminded that the last three times this happened, BTC climbed by 7%, 10%, and 10%, respectively.

Crypto X has recently been flooded with analysts presenting strong arguments that the primary cryptocurrency may have already reached its bottom, potentially preparing for the next leg up. Nonetheless, the risks of a renewed correction remain, as previous estimations suggest the cycle’s floor might be reached sometime in October. Moreover, one should keep in mind that crypto tends to behave unusually and frequently moves against overall expectations.

The post Bitcoin (BTC) Is Coiling for an Explosive Move: Bullish Breakout or Sharp Drop? appeared first on CryptoPotato.