The UAE's stance on Israel's E1 project may strain regional ties, complicating diplomatic normalization and impacting future peace efforts.

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Bitcoin's surge highlights the volatile nature of crypto markets, driven by short squeezes and regulatory optimism, but sustainability remains uncertain.

The post Bitcoin reclaims $79,000 amid renewed market focus appeared first on Crypto Briefing.

NUVA's integration of Chainlink in DeFi could democratize access to real estate-backed financial products, potentially reshaping retail investment.

The post NUVA uses Chainlink for data infrastructure in DeFi appeared first on Crypto Briefing.

Anthropic's enhanced Slack integration could strengthen its enterprise AI foothold, impacting market perception and competitive positioning.

The post Anthropic’s Claude AI update enhances Slack integration for enterprise use appeared first on Crypto Briefing.

The Senate vote's uncertainty may impact crypto market stability and regulatory clarity, influencing future legislative and market dynamics.

The post Senate to vote on Digital Asset Market Clarity Act on September 15 appeared first on Crypto Briefing.

Bitcoin Magazine

Smart Money Helping Support Bitcoin Rebound, Says Pantera Capital

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin Magazine

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin Magazine

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin Magazine

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin Magazine

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

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

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

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

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

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

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

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

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

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

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

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

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

XRP crashed 37% on Saturday, Aug. 22, but only on Bitstamp.

Bitstamp's XRP/USD spot pair reached a one-minute high of $1.69739 at 05:03 UTC, then fell to $1.06689 in the 05:10 candle. That was a 37.15% high-to-low move. The 05:10 candle closed at $1.44837, recovering most of the plunge before the minute ended.

Such a brief, deep move is known as a wick. The cross-venue comparison shows why this one should not be treated as XRP's market-wide return. Kraken's XRP/USD ticker showed a rolling 24-hour high of $1.70 and low of $1.3359, a 21.4% range. OKX's XRP/USDT ticker showed a $1.70 high and $1.3757 low, a 19.1% range.

By roughly 01:50 UTC on Aug. 23, CryptoSlate's XRP market data showed 10 major spot markets clustered near $1.49 to $1.50. While the sample is not exhaustive and does not reconstruct each venue's recovery path, it shows that major spot prices had converged after Bitstamp's anomalous low.

The 37% figure spread across social media, indicating a $0.60 drop and a broader market dip. However, Bitstamp's candle matches the percentage, while other venue ranges show the limit of that headline.

The broad liquidation wave was real

A separate market-wide leverage flush occurred around the same period. A KuCoin relay published at 05:32 UTC cited CoinGlass data showing $523 million in crypto liquidations over one hour, including $448 million of longs and $74.76 million of shorts. That does not support the claim that $500 million of XRP longs disappeared within minutes.

The larger figures were also market-wide rolling totals, not XRP losses. The early relay reported $1.801 billion over 24 hours. BeInCrypto later cited $1.35 billion, while a TechFlow report published at 15:23 UTC cited $1.244 billion and separately put XRP's 24-hour liquidations near $123 million. Their differing publication and capture times changed what each rolling window contained.

Substantial XRP derivatives exposure remained after the drop. CoinGlass showed $3.66 billion in open interest at 01:50 UTC on Aug. 23, with $18.08 billion in 24-hour futures volume against $5.10 billion in spot volume. A funding table updated at 12:00 UTC on Aug. 22 was sharply divided across venues rather than uniformly neutral.

Without matched open-interest and funding readings before, during and after the move, the size of any leverage reset cannot be measured cleanly. Bitstamp carried the documented 37% wick, the wider crypto market suffered a real long-led liquidation wave, and sampled major XRP spot prices later converged while substantial derivatives exposure remained.

The post XRP crashes 37% in one Bitstamp wick while the wider market tells a different story appeared first on CryptoSlate.

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

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

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

A reverse stock split, then an authorization reset

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

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

Share base and voting timeline

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

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

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

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

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

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

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

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

Warrants leave another 524 million shares in play

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

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

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

CleanCore stock offering leaves funding gaps unresolved

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin liquidations hit leveraged longs

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

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

Open interest falls during the pullback

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

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

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

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

ETF inflows offer a spot-market counterweight

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

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

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

Phantom Wallet is removing two networks from its app. Monad disappears on August 26, 2026, Sui on September 24, 2026. Anyone holding a balance there will no longer see it in Phantom afterwards. That does not mean the funds are gone: the coins stay on their blockchain, and you can reach them from another wallet with the same recovery phrase. You still have to act, because the convenient route through the app is only open until each cut-off date.

Both announcements arrived within a few weeks of one another and affect different numbers of investors. The Monad deadline is the tighter one, while the Sui deadline concerns the older network: SUI has been running on mainnet since 2023, whereas Monad only launched its own in November 2025. This article sorts out what happens on which date, which two routes are left to you, and where a simple move accidentally turns into a taxable sale.

Phantom Wallet and Sui: what ends on September 24

Phantom published the decision on August 24, 2026 at 01:01 UTC through the @phantom account on X. The wording there says that Phantom and Sui have agreed to end Sui support in Phantom on September 24 and to leave the door open for future cooperation. It comes with an assurance: "Your funds remain safe and fully under your control." Before September 24, the post continues, you can move your wallet to another app that supports Sui.

One distinction regularly gets lost in reports of this kind. Network support means that the wallet app displays the balances of a particular blockchain, calculates them, and can sign and broadcast transactions on it. When support ends, that is precisely what ends. The blockchain itself carries on unchanged, and your keys remain valid on it.

The integration did not have a long history. Phantom announced the Sui connection in December 2024 and switched it on on January 29, 2025. Roughly twenty months later, it is over. According to consistent reports in the trade press, this was a joint decision by both sides and not a unilateral removal.

Monad in Phantom Wallet: why August 26 is the harder deadline

For Monad there is a more detailed primary source. In its help article on the Monad exit, Phantom names August 26, 2026 as the transition date and writes unambiguously: "Your assets are not lost. They remain on the Monad blockchain and can be accessed using a compatible wallet with the same credentials." Your holdings are not lost, in other words; they stay on the Monad blockchain and can be opened in a compatible wallet with the same credentials.

After the cut-off date, Phantom no longer displays Monad balances and no longer processes Monad transactions in the app. The provider itself offers two routes: swapping the Monad holdings into a network that remains supported before the transition date, or exporting the secret recovery phrase from the settings and importing it into another Monad-capable wallet.

The fee waiver has limits

By its own account, Phantom has waived its in-house fee on cross-chain swaps from native MON to wrapped MON on Solana until the transition date. Network fees and trading venue fees still apply, as the help article states. The route is therefore not free, only cheaper.

A wrapped token is a representation of a coin on a foreign blockchain: the original is locked, and a tradable stand-in is created on the target chain at a ratio of one to one. For the holder that adds a further party carrying risk, namely whoever administers the lock. If you would rather avoid that risk, take the move to another wallet instead of the swap.

Are your coins gone when a wallet drops a network?

No. A self-custody wallet does not hold coins, it manages keys. The balances sit on the blockchain and belong to the address derived from your recovery phrase. If the app falls away, the address remains. What falls away is the convenient interface to it.

This design is the decisive difference from an exchange. When a trading venue delists a token or closes your account, it genuinely holds your coins in custody, and the question becomes one of withdrawal deadlines and, in the worst case, forced liquidation. We have written up the exchange deadlines currently running separately, and they are sharper than what is at stake here. With Phantom the case is milder: access never ends, only the convenience does.

Exporting your secret recovery phrase: the route without a transaction

Moving to another wallet is the route that triggers no transaction, costs no fee and leaves your tax position untouched. You import the same recovery phrase into an app that supports the network, and you see the same balances there. The coins do not move at all; you only change the window through which you look at them.

What you need to watch out for

The recovery phrase is the master key. Whoever holds it holds everything attached to it, including the balances on every other network under the same phrase. That is exactly why the export is the most delicate moment of the entire exercise. It belongs on a computer you trust, not in a cloud note and not in a photo. We have set out at length how to store the phrase safely for the long term in our guide to keeping your seed phrase secure.

If your Phantom wallet manages Solana or Bitcoin holdings alongside Sui or Monad, you have two options. Either you import the phrase into the new app as well and keep using both in parallel, or you set up a fresh wallet with its own phrase for the departing network and transfer the balances there. The second variant is cleaner, but it costs network fees and, for tax purposes, counts as a transfer between your own addresses, so it is not a sale. Which software wallets are candidates for which chains is set out in our software wallet comparison.

Swap instead of move: what the fee-free exchange really costs

The second route is the swap inside Phantom. It is more convenient because you never leave the app, and for Monad holdings it is exempt from Phantom's own fee until the transition date. Three items remain even so: the network fee of the outgoing chain, the fee charged by the executing trading venue, and the price deviation between the quote on screen and the actual fill.

That last item is readily underestimated. On thinly traded tokens, the gap between the expected price and the realised one quickly eats up more than any fee does. If you hold a larger position, check the price a second time before sending and split the swap when in doubt. On very thin pairs, execution through a regulated trading venue can work out cheaper than the swap in the wallet, simply because more counterparty is available there.

Tax on a wallet change: when a move becomes a sale

This is where the two routes part company clearly, and for German investors it is the most important passage in this text.

Moving to another wallet is a non-event for tax. You transfer between your own addresses, or you merely import the key; no disposal takes place, and the holding period runs on unbroken.

The swap is a different matter. An exchange of coin for coin counts, for income tax purposes, as the disposal of the asset given up and the acquisition of the asset received. Under section 23 of the German Income Tax Act, the gain remains tax-free if more than a year lies between acquisition and disposal; within the year, the exemption threshold of 1,000 euros applies to the sum of all private disposal transactions in the calendar year. Once it is exceeded, the entire gain becomes taxable, not merely the part above the threshold.

The contested case: wrapping

Whether wrapping the same coin onto another chain counts as an exchange is disputed among tax advisers. In economic terms you continue to hold the same thing; in legal terms you receive a different token. That is an assessment rather than settled law, and we are not aware of a supreme court decision on the point. The practical consequence for you: if you would rather avoid that uncertainty, take the wallet export and leave the holding alone. If you choose the swap regardless, record the date, price and quantity cleanly. A portfolio and tax tool takes that documentation off your hands, provided you enter the transaction promptly.

Sui wallet alternatives: what Phantom itself names

For Sui holdings, the reports on the announcement point to two applications as the destination for the move: Suiet and the official Sui wallet, which now trades under the name Slush. Both are self-custody wallets and therefore accept the import of an existing recovery phrase.

We are not assessing these applications here and make no recommendation. Before importing, check for yourself whether the app supports the derivation scheme of your phrase. If the new wallet shows a balance of zero after the import, the cause is often a different derivation path rather than the holding itself. In that case it helps to reveal further accounts under the same phrase in the settings of the new app before you panic.

Phishing at the deadline: why unsolicited migration help is almost always a scam

Every publicly announced deadline is a diary entry for fraudsters. The pattern never varies: a message that quotes the genuine occasion correctly, a tight time frame, and a link to a supposed migration tool that asks for the recovery phrase.

Phantom has given this a paragraph of its own in the help article, writing that the company will never contact you first, will never ask for your secret recovery phrase or your private key, and will never offer to move your funds for you. Any unexpected offer of help with the migration should be treated as an attempted fraud.

That rule carries further than the current case. No reputable provider needs your phrase in order to help you, and no genuine migration requires you to type it in anywhere except into the new wallet app itself, locally on your own device. We have broken down the other markers of such messages using the example of fake withdrawal requests from crypto exchanges. The sheer number of active BaFin warnings about crypto platform series shows how large the field has become.

Why wallets drop networks: what the retreat says about the market

Putting this in context means separating the evidence from the interpretation. The evidence is this: Phantom is ending support for two networks within a few weeks, in the Sui case by its own account in agreement with the network team.

The explanation behind it is where interpretation begins. Every additional chain in a wallet costs work permanently: its own node connection, its own signing logic, its own price sources, its own support desk. If usage does not carry that effort, the integration turns into a loss-maker. We are not speculating about orders of magnitude here, because we have no reliable usage figures for individual networks.

For you, one practical consequence follows regardless of which explanation is correct: a wallet's network list is no promise of permanence. It can change, and in the best case you hear about it four weeks in advance.

What the case teaches about self-custody and hardware wallets

The real protection in this episode is the recovery phrase. It is the reason a discontinued network integration turns into an annoyance instead of a loss. Anyone whose coins sit on an exchange has no such safety net.

For larger holdings, a hardware wallet moves the key onto a device with no internet connection. The software interface then stays interchangeable while the key stays where it is. Which devices support which chains and what they cost is set out in our hardware wallet comparison. It is worth checking the supported networks before you buy, because compatibility cannot be taken for granted there either.

Checklist: what to sort out by September 24

Open Phantom first and see whether you are affected at all. Many users never activated either of the two chains and have nothing to do.

If you find a Monad holding, time is short: only a few hours of room to manoeuvre remain in the app before August 26, 2026. For Sui holdings you have until September 24, 2026, though you should not push it into the final week, because network fees and waiting times tend to climb shortly before a deadline expires.

Note down your balance before the move as well. If a different amount appears in the new app after the import, you will want to know whether a price difference or a wrong derivation path is behind it.

Checking your Phantom move: what to take away

1. Establish whether you are affected and choose your route. Check your Phantom wallet for Monad and Sui holdings. If you want to keep them, export the recovery phrase and import it into a suitable app; you will find an overview of the candidates in the software wallet comparison.
2. Settle the tax consequence before you click. Moving between your own wallets is not a sale, whereas the swap is. Record the date, quantity and price of every transaction, most easily with a crypto tax tool that tracks the holding periods for you.
3. Secure the key for the long term. If this case forces you to export your phrase, it is the right moment to reorganise how you store it. For larger holdings the key belongs on a separate device: hardware wallets compared.

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

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

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

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

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

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

What does the Ethereum chart say right now?

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

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

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

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

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

What are the upside targets for ETH?

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

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

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

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

Here is the path in order.

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

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

Where is support if Ethereum pulls back?

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

Work down the chart in order.

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

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

Is the ETH breakout sustainable or is this a squeeze?

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

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

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

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

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

Ethereum price prediction summary

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

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

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

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

How to Buy More Bitcoin Cleanly at $77,000

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

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

What Pushed the Bitcoin Price Up 22 Percent This Week

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

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

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

Lump Sum or Savings Plan: Which Strategy Suits Which Investor

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

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

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

How a Bitcoin Savings Plan Works Technically and What It Costs

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

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

Which intervals work in practice

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Buying More Bitcoin: What to Take Away

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

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

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

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

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

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

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

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

How the Calculation Works

An investor buys through a savings plan:

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

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

The moving average price therefore comes to:

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

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

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

Every New Savings Plan Purchase Shifts the Average

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

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

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

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

Several Wallets Can Carry Different Average Prices

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

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

Legacy Bitcoin Holdings Are Treated Separately

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

When Does Tax Actually Arise?

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

Example:

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

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

Conclusion

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

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

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

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

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

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

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

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

What the Tax Authorities Want to See on Private Disposals

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

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

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

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

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

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

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

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

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

Transaction history

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

Tax report

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

Account statement

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

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

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

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

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

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

FIFO and the Holding Period: Which Data Decide Tax Exemption

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

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

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

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

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

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

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

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

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

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

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

Which Exchange Delivers What: Why You Should Check This Beforehand

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

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

What Exactly to Export Before Access Ends

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

The complete trading record

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

Deposits and withdrawals in euros as well as all crypto transfers

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

Staking, interest and bonus payments

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

Fee statements and the final balance

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

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

If Access Is Already Gone: Which Routes Remain

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

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

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

Retention: How Long You Really Need the Data

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

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

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

Securing Crypto Tax Records: What to Take Away

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

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

Bitcoin just closed its biggest weekly candle of all time in notional value, and 10 alt leaders put up 50%+ gains in massive crypto rebound.

The company has not bought Bitcoin since June, and has now created a liquidity account it said may be spent on more of it.

Anyone serving Pakistani users since March must apply for clearance by September 5, then incorporate locally to keep going.

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

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

XRP Ledger is growing, but some signals show that the increase might be short-lived.

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

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

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

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

Key Takeaways

• The Big Short investor liquidated his complete Alibaba position to establish a substantially larger stake in JD.com
• According to Burry, Alibaba’s price would require a 50% plunge to become attractive again
• The Chinese e-commerce giant is issuing HK$80 billion in new shares for AI investments, creating 3.7% shareholder dilution
• JD.com’s valuation metrics show 8.3x forward P/E with 10.7% FCF yield compared to Alibaba’s -4.2% FCF yield
• Despite the move, Morgan Stanley recently cut JD.com to Underweight with a $28 target

The legendary investor who profited massively from shorting subprime mortgages ahead of the 2008 collapse has completely exited his position in Alibaba, redirecting those funds toward JD.com.

JD.com, Inc., JD

Through a post on X, Burry disclosed that he executed this portfolio shift several months back, converting his Alibaba holdings into an expanded JD.com stake. He stated clearly that returning to Alibaba isn’t in his plans.

The catalyst for his decision centers on a concrete development. Alibaba unveiled plans for an HK$80 billion capital raise, approximately $10.2 billion, designated for artificial intelligence infrastructure buildout. For Burry, this signals a fundamental shift toward equity dilution as standard practice.

“Issuing shares is now its new paradigm,” Burry stated. He further noted that Alibaba’s stock price would need to collapse approximately 50% from present levels to warrant his renewed interest.

How the Metrics Stack Up

The financial comparison reveals stark contrasts. Alibaba currently commands a 25x trailing P/E ratio alongside a -4.2% free cash flow yield. Meanwhile, JD.com sits at 17.9x trailing earnings and just 8.3x forward earnings, generating a robust 10.7% free cash flow yield.

Dividend distributions further highlight the divide: JD.com offers a 3.3% yield versus Alibaba’s meager 0.9%. Wall Street analysts project approximately 49.6% potential upside for JD.com relative to estimated fair value, while Alibaba shows 19.9% upside potential.

The equity offering from Alibaba involves placing 710 million fresh shares priced at HK$112.70 apiece, representing an 8.4% markdown from the previous trading session. This expansion inflates outstanding shares by roughly 3.7%. Market reaction was swift—Alibaba plummeted nearly 10% following the announcement.

Profitability trends present additional concerns. Alibaba’s net earnings contracted from $17.83 billion down to $15.35 billion despite revenue climbing 8%. Return on invested capital has deteriorated sharply to merely 2.6%.

JD.com experienced similar earnings pressure, with net income declining from $5.67 billion to $2.81 billion. However, market observers attribute this decrease to strategic investments in emerging sectors like food delivery services rather than fundamental operational weaknesses.

Counterarguments and Headwinds

Burry’s repositioning hasn’t achieved universal endorsement. Morgan Stanley recently slashed JD.com’s rating to Underweight, establishing a $28 price objective that falls beneath current trading levels.

Barclays research highlights JD.com’s substantial exposure to electronics and household appliances—segments vulnerable to softening as Chinese government stimulus programs for product trade-ins begin phasing out.

Regarding Alibaba, the broader analyst community maintains optimism. Consensus price targets suggest approximately 58.5% upside potential, with certain valuation frameworks positioning fair value around $143.11, representing roughly 20% appreciation from current quotations.

Burry’s transaction embodies textbook value investing principles. He’s rotating out of a capital-intensive company trading at premium multiples into a cash-generative alternative available at discounted valuations.

The post Why Michael Burry Dumped Alibaba (BABA) for JD.com (JD) Stock appeared first on Blockonomi.

Key Highlights

• Cantor Fitzgerald maintains Overweight rating with $425 target on PANW, currently trading at $357.87
• Company debuts Frontier AI Critical Defense Program merging AI-based vulnerability detection with virtual patching technology
• Palo Alto utilized artificial intelligence to uncover more than 14,000 undiscovered open-source security flaws
• Needham increased price target in anticipation of fiscal Q4 results scheduled for September 1
• Several Wall Street firms including Stifel, Citizens, TD Cowen, and UBS have elevated their price targets

Palo Alto Networks (PANW) is capturing heightened Wall Street interest this week as several financial institutions raise price targets mere days ahead of the company’s fiscal fourth-quarter earnings announcement on September 1.

Palo Alto Networks, Inc., PANW

Cantor Fitzgerald maintained its Overweight stance while keeping its $425 price objective on shares currently valued at $357.87. The cybersecurity stock has surged 93% during the past twelve months. According to InvestingPro analysis, the shares appear overvalued compared to Fair Value calculations.

These bullish analyst revisions come on the heels of the cybersecurity leader’s introduction of the Frontier AI Critical Defense Program, an innovative security framework combining artificial intelligence-powered vulnerability identification with network-layer virtual patching capabilities.

This program addresses the widening divide between the rapid pace of vulnerability detection and the traditionally sluggish patch deployment timelines among critical infrastructure organizations.

Palo Alto revealed it leveraged Frontier AI technology to discover over 14,000 previously unidentified open-source security vulnerabilities, demonstrating the accelerating speed at which threat actors can now identify weaknesses.

The new initiative expands upon current collaborations with IBM/Red Hat, Microsoft MAPP, Siemens, and Idaho National Laboratory. Additionally, it introduces fresh partnerships directly with Anthropic and OpenAI.

Cantor Fitzgerald views the program as strengthening its “remediation bottleneck thesis.” With AI speeding up vulnerability identification, market demand pivots toward exposure management platforms and network-based mitigation solutions.

Wall Street Firms Increase Price Objectives

Stifel elevated its price objective to $415 while maintaining its Buy recommendation, following favorable demand intelligence gathered from major cybersecurity ecosystem partners.

Citizens confirmed its Market Outperform designation with a $415 price target, highlighting the broadening scope of the company’s channel partner ecosystem.

TD Cowen increased its target to $400 while preserving a Buy rating, emphasizing robust market conditions within the cybersecurity sector and increasing attention on AI-driven security solutions.

UBS adjusted its target upward to $390 while remaining at Neutral, grounding its assessment on projected future cash flow models.

Needham similarly boosted its price target to $400 from $340 in advance of the Q4 earnings release, reaffirming its Buy recommendation.

Key Metrics Analysts Are Watching

Benchmark analyst Yi Fu Lee observed that cybersecurity sector demand continues showing strength heading into Palo Alto’s fiscal year-end quarter ending in July.

However, Lee emphasized that shareholders now require evidence of AI momentum translating into tangible ARR acceleration, expanded platformization adoption, and robust FY2027 guidance to support the stock’s elevated valuation multiple.

Lee highlighted solid demand trends across multiple product portfolios, encompassing network security solutions, Prisma Cloud, Prisma SASE, Prisma AIRS, and Cortex XSIAM platforms.

He additionally noted cross-selling prospects emerging from Chronosphere’s AI observability platform introduction and strategic integrations with Idira and CyberArk within the identity security domain.

Palo Alto Networks will announce fiscal fourth-quarter financial results on September 1.

The post Palo Alto Networks (PANW) Stock Sees Wave of Analyst Upgrades Before Fiscal Q4 Results appeared first on Blockonomi.

Key Highlights

• IBM revealed a pioneering dual-architecture mainframe chip at Hot Chips on August 24, 2026
• The processor simultaneously executes both IBM Z and Arm operating systems and software
• Features 2nm fabrication process with 11 high-performance cores clocked above 5.7 GHz
• Integrated AI inference capabilities and dedicated on-chip I/O acceleration hardware
• IBM stock showed modest premarket decline; Arm (ARM) shares dropped approximately 3%

At Monday’s Hot Chips conference, IBM unveiled a revolutionary dual-architecture mainframe processor, representing an industry first capable of natively executing both IBM and Arm workloads concurrently.

This innovative processor targets upcoming IBM Z and LinuxONE platforms. The technology enables enterprises to simultaneously operate Arm-native Linux applications alongside traditional z/OS and Linux on IBM Z environments.

Manufactured using advanced 2 nanometer process technology, the processor incorporates 11 high-performance cores. Remarkably, each core possesses the capability to process both Arm and IBM Z instruction sets concurrently.

Operating speeds exceed 5.7 GHz, positioning the processor squarely within the high-performance segment for demanding enterprise computing tasks.

IBM embedded AI inference accelerators directly into the silicon for real-time fraud detection during transactions. Additionally, the design incorporates a specialized on-chip data processing unit optimizing I/O operations, complemented by an expansive cache hierarchy.

The strategic partnership between IBM and Arm originated in April 2026. This processor represents the inaugural tangible hardware deliverable emerging from that alliance.

Enterprise Impact and Capabilities

IBM Z and LinuxONE architectures support scaling to hundreds of processing cores and memory configurations reaching tens of terabytes. This new processor integrates seamlessly into that established scalability framework while simultaneously unlocking access to Arm’s extensive software universe.

The Arm development community encompasses over 22 million developers globally. IBM anticipates that tapping into this vast software and talent reservoir will appeal to enterprises seeking infrastructure modernization paths.

Christian Jacobi, who serves as CTO and IBM Fellow within IBM Systems Development, characterized the processor as unifying one of computing’s most rapidly expanding software ecosystems with the dependability synonymous with IBM platforms.

Mohamed Awad from Arm observed that Arm architecture adoption continues accelerating across the computing landscape as artificial intelligence deployments expand. He emphasized that extending Arm computational capabilities to IBM Z and LinuxONE platforms carries this momentum forward into mission-critical enterprise infrastructure domains.

The chip architecture also incorporates hardware-based fault detection and recovery mechanisms, sophisticated encryption capabilities, secure cryptographic key management systems, and dedicated AI acceleration circuitry.

Stock Performance

IBM shares traded marginally lower during Monday’s premarket session following the processor announcement. Arm stock experienced a roughly 3% decline in early trading activity.

International Business Machines Corporation, IBM

IBM clarified that forward-looking statements regarding product direction represent aspirations and targets only, remaining subject to modification or cancellation.

The company has not yet disclosed a commercial availability timeline for the processor.

The post IBM (IBM) Unveils Groundbreaking Dual-Architecture Mainframe Chip with Arm Integration appeared first on Blockonomi.

Key Highlights

• Shares of BTCT skyrocketed 54% during Monday’s premarket session following news that its Georgia mining site has finished construction.
• The Georgia facility, operating at 10 megawatts, is nearing “deployment readiness” with anticipated launch within the next two months.
• Upon full deployment, the location can accommodate up to 900,000 TH/s of theoretical hashing power.
• The company continues executing its “dual-engine” approach, expanding both cryptocurrency mining operations and artificial intelligence computing infrastructure.
• Bitcoin experienced approximately 1% gains, reaching $78,500 during Monday’s morning session.

Shares of BTC Digital (BTCT) experienced a dramatic 54% surge during Monday’s premarket hours following the company’s announcement that its Georgia-based cryptocurrency mining facility has completed construction.

BTC Digital Ltd., BTCT

The impressive stock movement coincided with Bitcoin (BTC) climbing approximately 1%, with the leading cryptocurrency trading around $78,500 on Monday morning.

According to the company, the Georgia facility is now approaching “deployment readiness.” Management anticipates beginning machine deployment and commencing digital asset mining operations within roughly two months, subject to power interconnection completion timelines.

With a 10-megawatt operational capacity, the site is engineered to accommodate up to 900,000 terahashes per second of theoretical computational power once fully deployed.

This capacity projection is based on BTC Digital’s intended deployment of high-efficiency mining equipment. However, the final number of machines installed and actual computing power achieved will vary depending on multiple variables.

These variables encompass energization timelines, specific mining equipment models selected, energy efficiency metrics, network difficulty adjustments, cryptocurrency valuations, and overall market dynamics.

Rather than deploying all equipment simultaneously, BTC Digital indicated it will roll out machines “progressively based on market conditions.”

Pursuing a Dual-Engine Approach

BTC Digital is advancing what management describes as a “dual-engine” growth strategy. This approach involves simultaneously expanding its cryptocurrency mining business while developing artificial intelligence computing infrastructure services throughout North America.

Company leadership emphasized that both business segments leverage overlapping competencies in power acquisition, data center construction, and equipment deployment.

“We will continue to sustain the development of our cryptocurrency computing business so as to fully leverage the company’s existing advantages in power resources, infrastructure construction, and computing operations,” BTC Digital’s management said.

The completed Georgia installation represents a component of BTC Digital’s broader strategy to strengthen its computing infrastructure presence throughout the United States.

Expanding American Operations Through Georgia Facility

When the facility becomes operational, it will enhance BTC Digital’s portfolio of self-managed infrastructure assets within the United States.

The company’s business activities span cryptocurrency mining operations, mining facility construction, data center management, and associated services.

Beyond traditional mining, BTC Digital is actively building AI computing infrastructure and service offerings across North America, positioning this vertical as a complementary growth channel alongside its established mining operations.

Company leadership characterized the Georgia facility’s completion as a crucial milestone in establishing what they termed a “more diversified and resilient business foundation for long-term growth.”

BTCT stock was trading up 54% premarket on Monday, August 24, 2026.

The post BTC Digital (BTCT) Stock Rockets Over 50% Following Georgia Facility Completion appeared first on Blockonomi.

TLDR:

• Strategy increased its USD Reserve to $5.10 billion and added a new $1.59 billion cash pool.
• The company repurchased $136.4 million of STRC preferred stock during the latest reporting week.
• Strategy sold 18.26 million MSTR shares to fund reserves, cash and the STRC repurchase.
• Its Bitcoin holdings remained at 840,447 BTC, representing nearly 4% of total Bitcoin supply.

Strategy strengthened its balance sheet this week, boosting cash reserves and continuing its bitcoin-focused capital program.

The company disclosed the update in a Form 8-K filed with the SEC on August 24, 2026. Strategy raised its USD Reserve to $5.10 billion and established a new $1.59 billion USD Cash pool.

The firm also repurchased $136 million of its STRC preferred stock. As of August 23, 2026, Strategy holds close to 4% of the total bitcoin supply with near-zero net leverage.

Strategy Adds USD Cash to Its Capital Framework

Strategy introduced USD Cash as a new layer within its Digital Credit Capital Framework. The pool is a separately designated source of U.S. dollar liquidity.

Management may use it for bitcoin purchases, preferred dividend payments, and interest on outstanding debt. The funds can also support stock buybacks or convertible note repayments.

The existing USD Reserve policy stays unchanged under the update. That reserve remains earmarked specifically for preferred stock dividends and debt interest.

USD Cash is designed to work alongside it rather than replace it. Strategy first outlined the broader framework in a filing on June 29, 2026.

The company said the added flexibility should help it react faster to market shifts. This includes potential dislocations in bitcoin prices or in the trading of Strategy’s own securities.

As of August 23, the USD Reserve stood at $5.10 billion. The new USD Cash balance reached $1.59 billion during the same period.

Strategy shared the figures through its official channel on X, formerly Twitter. The company wrote that it had increased its USD Reserve, added USD Cash, and repurchased $136 million of STRC.

The post also noted the firm’s roughly 4% share of total bitcoin supply. Net leverage across the balance sheet remained close to zero.

ATM Sales and Repurchase Activity Continue

Strategy’s at-the-market program saw activity in its Class A common stock during the week. The company sold 18,261,118 MSTR shares under the ATM between August 17 and August 23.

Proceeds from those sales were split across three purposes. Roughly $136.4 million funded the STRC repurchase noted above.

Another $300 million from the common stock sales went toward increasing the USD Reserve. The remaining proceeds were directed into the new USD Cash account.

No shares were sold under the STRF, STRK, or STRD preferred stock programs this period. Availability under those programs ranged from roughly $1.6 billion to $19.7 billion.

On the buyback side, Strategy repurchased 1,431,212 shares of STRC stock for $136.4 million. That leaves $516.6 million available under the Digital Credit Securities Repurchase Program for preferred shares.

No MSTR common stock was repurchased during the week. The company still has $1.0 billion available under its separate MSTR buyback program.

Bitcoin holdings remained unchanged this week, with no purchases or sales recorded. Strategy’s total holdings stand at 840,447 BTC.

The average purchase price across all holdings is $75,385 per coin. The company continues to publish weekly updates through its investor dashboard at strategy.com.

The post Strategy Raises $5.1B Reserve as Bitcoin Holdings Near 4% of Supply appeared first on Blockonomi.

In times when the cryptocurrency market is finally picking up the slack, the Bitcoin treasury company and asset manager Strive has returned with another purchase.

As announced by the firm’s CEO, Matt Cole, Strive has acquired an additional 1,110 BTC for $81.5 million at an average price of $73,409 per unit. These purchases were completed in tranches.

It bought 147 BTC between August 3 and 7 at an average price of just over $64,800. Then bought another 79 BTC a week later at an average price of $63,231. The rest were accumulated in the past few weeks as BTC’s price appreciated to almost $80,000 last Friday.

Strive acquired an additional 1,110 $BTC for $81.5M at an average cost of $73,409 per bitcoin, bringing total holdings to ₿21,356.$ASST $SATA pic.twitter.com/bPcbHzl3dH

— Matt Cole (@ColeMacro) August 24, 2026

This is the firm’s second BTC purchase in the past few months. It held 15,009 BTC on May 12 before it ramped up its efforts and now holds 21,356 units.

Unlike Strive, Strategy, which is the world’s largest corporate holder of the cryptocurrency, has remained on the sidelines for almost two months, making no BTC purchases. Saylor’s company has focused on rebuilding its USD reserve, which is above $6.5 billion after the latest initiatives.

The post Strive Splashes Out $83M on 1,110 BTC as Bitcoin Holdings Top 21,000 appeared first on CryptoPotato.

The world’s largest corporate holder of bitcoin has extended its no-buy pause for yet another week. On the plus side, the company has refrained from selling again.

As announced by co-founder and former CEO Michael Saylor, Strategy has remained on the sidelines for another week in terms of BTC moves, but it continues to grow its USD reserve. This was done in a two-fold manner.

First, the firm increased its regular USD reserve to $5.1 billion, but it also established another – USD Cash – of $1.59 billion. Strategy also repurchased another $136 million worth of STRC, whose price continues to climb closer to the par level of $100.

Strategy increased USD Reserve to $5.10B, established additional USD Cash of $1.59B, and repurchased $136M of $STRC. As of 8/23/26: Strategy holds ~4% of Total BTC Supply and has ~0% Net Leverage. $MSTR https://t.co/WZ9GFtJBXh

— Michael Saylor (@saylor) August 24, 2026

The company announced its last sale on August 10, disposing of another 1,690 BTC. Since then, it has made no bitcoin moves.

Strategy’s latest announcement was the first since last week’s major surge in bitcoin prices, which drove the asset from under $65,000 to just over $78,000 as of press time.

Aside from the actual growth against fiat currencies, this big revival put the company’s massive position in profit for the first time in months. After all, Strategy’s average accumulation price is at around $75,400, and the firm spent approximately $63.3 billion to acquire it.

Given the current market conditions, that substantial fortune is worth over $65.6 billion. Recall that the company’s position had tanked to an unrealized loss of over $10 billion a few months ago.

The post Strategy Adds $1.9B to USD Reserve but Buys No Bitcoin as BTC Position Turns Green appeared first on CryptoPotato.

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

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

Up or Down?

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

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

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

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

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

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

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

Explosion on the Way?

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

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

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

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

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

BTC Above $77K

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

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

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

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

ZEC Neared $900

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

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

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

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

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

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

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

Bears Get Squeezed

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

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

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

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

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

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

Powerful Weekly Reversal

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

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

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