Russia's coercive recruitment tactics highlight military strain, potentially undermining confidence in its strategic capabilities and market perceptions.

The post Russian army uses coercive tactics amid Ukraine manpower strain: FT appeared first on Crypto Briefing.

Grayscale's ETF withdrawal highlights a strategic focus shift, potentially impacting investor confidence in altcoin market diversification.

The post Grayscale withdraws ETF registration applications for ADA, HBAR, and DOT appeared first on Crypto Briefing.

China's ban on yuan stablecoins reinforces state control over digital currency, limiting private sector innovation and centralizing financial power.

The post Beijing rules out launch of yuan stablecoin, doubles down on state-controlled digital currency appeared first on Crypto Briefing.

South Korea's semiconductor boom boosts economic growth, but risks like inflation and geopolitical tensions could temper long-term stability.

The post South Korea’s chip industry powers economic recovery as semiconductor equipment investment surges 75.9% appeared first on Crypto Briefing.

The shift in open interest signals a growing integration of traditional finance into crypto markets, potentially reshaping investment strategies.

The post US stocks’ open interest hits $2B on crypto exchanges, surpassing precious metals for the first time appeared first on Crypto Briefing.

Bitcoin Magazine

Trump Media Pulls Back From Crypto Deals: Report

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin Magazine

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin Magazine

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin Magazine

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin Magazine

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

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

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

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

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

One Red Day Didn’t Change the Trend

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

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

After that, buyers returned almost immediately.

The next four trading sessions posted consecutive gains:

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

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

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

BlackRock Continued to Lead the Way

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

Over the seven-day period:

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

Other issuers also participated.

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

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

What ETF Flows Can and Can’t Tell Us

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

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

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

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

Why This Matters

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

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

This week, the numbers suggest demand remained intact.

Follow Institutional Bitcoin Demand in Real Time

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

The spot Bitcoin ETF Dashboard tracks:

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

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

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

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

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

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

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

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

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

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

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Unrealized depreciation overwhelmed net share activity

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

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Jun 12, 2026 · Gino Matos

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

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

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Jul 12, 2026 · Oluwapelumi Adejumo

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

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

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

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

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

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

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

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

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

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

Other Grayscale ETF registrations remain preliminary

Other proposed Grayscale altcoin registrations remain at an earlier stage.

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

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

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

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Oct 6, 2025 · Oluwapelumi Adejumo

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

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

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

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

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

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

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

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

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

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

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The post A pre-revenue AI crypto startup funneled $12 million into EV as bad crypto trades erased 97% of cash in six months appeared first on CryptoSlate.

MGT issued about 1.65 billion shares by Aug. 6 as the inactive Bitcoin miner with no operating business reported no revenue for the first half of 2026 and held just $232,000 in cash while warning it needs more capital to restart operations.

The company’s quarterly filing, submitted Aug. 7, shows that its outstanding common shares climbed to 6.29 billion by Aug. 6 from 4.64 billion at the end of 2025. That is an increase of about 1.65 billion shares, or 35.6%, while MGT remained without an active source of revenue.

MGT’s primary hosting contract expired in March 2025, when it also stopped self-mining. It sold its LaFayette, Georgia mining site on May 13, 2025. The company still had 35 Antminer S19 Pro machines in storage, but it generated no mining or hosting revenue during the latest six-month period.

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MGT issued shares, but most did not raise cash

The share increase was split among transactions with different purposes. Through Aug. 6, MGT sold 800 million common shares for $700,000 in cash. It issued another 100 million shares to settle $262,000 of payables.

The largest block was not a cash raise. On June 30, MGT issued 750.1 million common shares and 3.25 million Series E convertible preferred shares in an exchange that retired a $1.22 million secured convertible note. The 6.29 billion count covers outstanding common stock and does not include those preferred shares.

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The accounting for that exchange produced a $2.81 million non-cash loss on debt extinguishment, accounting for most of MGT’s $2.96 million first-half net loss. MGT used $531,000 of cash in operating activities during the period.

Its $232,000 of total assets stood against $693,000 of current liabilities, leaving a $461,000 working-capital deficit. The filing reported a separate stockholders’ deficit of the same amount.

MGT issued shares through equity offerings spanning December 2025 and the first half of 2026, raising $975,000, according to the company. Its current $500,000 private placement had raised another $25,000 after the quarter, leaving $225,000 of capacity for near-term working capital.

That capacity is not cash already on the balance sheet, and MGT said it cannot assure investors that additional capital will be available when needed or on acceptable terms. Those conditions raised substantial doubt about its ability to sustain operations for at least one year from issuance of the financial statements.

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In a July 20 update, MGT said it was evaluating growth opportunities and finalizing engagements with outside advisers, but it did not identify a signed acquisition, a reopened operation or another revenue-producing business. Until it secures one, further financing may keep the company functioning, but raising capital alone does not restore revenue.

The post With $0 in revenue and 35 idle machines in storage, an inactive Bitcoin miner printed 1.65 billion shares to stay alive appeared first on CryptoSlate.

Kraken clients holding any of 21 delisted tokens face a 14:00 UTC deadline on Aug. 27, when the exchange's general withdrawal window closes; remaining balances will then move toward automatic liquidation.

The exchange plans to liquidate remaining balances between Sept. 1 and Sept. 5 based on prevailing market conditions, according to its delisting notice. For balances left on the exchange, that removes holders' control over when the assets are sold. The liquidation could also leave some with little or nothing because Kraken warned that several affected tokens have limited or inactive markets.

What holders of delisted tokens need to know

The 21 assets are AURA, BIT, BOND, BSX, FARM, GARI, K, KET, KINTO, LOBO, MOON, MV, NYM, RAIIN, RHEA, SAROS, SDN, SPC, SPICE, TEA and TEER.

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Kraken's timetable separates three stages of the delisting:

• May 29 at 14:00 UTC: Kraken scheduled trading and deposits to stop. Some assets were already unavailable for trading, but Kraken said the other delisting dates still applied.
• Aug. 27 at 14:00 UTC: The general withdrawal window closes. After that cutoff, Kraken will disable withdrawals.
• Sept. 1 through Sept. 5: Kraken plans to automatically liquidate balances that remain, based on market conditions during the execution window.

The current deadline therefore concerns withdrawals, not a new trading suspension. For assets other than TEER, it marks the final point at which holders can use the remaining window to move balances off the exchange before Kraken takes over the exit process.

TEER holders face an additional constraint. Kraken said the project has ceased operations and on-chain transactions will not go through. The exchange has paused trading and funding for the token and will keep them paused.

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What liquidation may return

The exchange has not promised a specific execution time or price during the five-day liquidation window. Kraken said several, not all, of the delisted tokens have limited or inactive markets. It warned that liquidation prices may be significantly below recent reference prices and that, in some cases, insufficient liquidity at the time of execution could produce minimal or no proceeds.

That warning describes a risk, not a forecast for every account. The outcome will depend on the market available when Kraken executes each liquidation.

The notice addresses clients holding any of the named assets and does not assign the schedule to a particular jurisdiction. Separate general disclosures on the page state that geographic restrictions may apply.

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For holders able to withdraw, Aug. 27 is the last chance to control the timing of their exit. After the cutoff, Kraken determines when balances from those delisted tokens are liquidated within the Sept. 1-5 window, while available liquidity determines what those sales return.

The post Crypto holders face an Aug 27 deadline to save 21 tokens before Kraken liquidates them into thin order books appeared first on CryptoSlate.

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

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

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

Bitcoin and Ethereum ETFs Record a Strong Week

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

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

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

August 3: $170.1 million

August 4: $211.5 million

August 5: $244.4 million

August 6: $137.6 million

August 7: $101.7 million

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

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

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

Why Did Bitcoin and Ethereum Barely React?

The first explanation is scale.

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

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

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

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

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

ETF Inflows Do Not Always Mean Immediate Price Growth

Another factor is how institutional investors use ETFs.

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

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

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

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

Is This Silent Accumulation or a Warning?

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

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

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

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

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

What Happens Next?

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

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

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

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

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

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

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

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

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

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

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

What Happens If Bitcoin Breaks Above The Resistance?

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

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

So the bull path is simple:

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

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

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

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

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

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

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

What Do The Indicators Say About Bitcoin Right Now?

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

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

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

What Is Driving Bitcoin Right Now?

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

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

What Should Traders Watch Next?

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

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

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

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

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

What Is Bitcoin Price Doing On The Chart Right Now?

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

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

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

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

Why Did The Market Ignore The CLARITY Act Delay?

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

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

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

Is The Whole Market Actually Bullish Here?

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

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

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

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

Keep it simple and watch three prices.

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

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

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

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

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

What Exactly Happened With The CLARITY Act?

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

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

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

Why Did The Senate Push The Vote To September?

Ethics. Specifically, whose crypto holdings get scrutinised.

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

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

What Does The Delay Mean For Crypto Markets?

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

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

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

What Happens Next For The CLARITY Act?

Three plausible paths from here:

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

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

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

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

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

What Bier actually built at X

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

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

The crypto connection: two points, both documented

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

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

X Money is running — without crypto

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

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

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

Why that makes sense

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

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

For European users it is further away still

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

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

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

What to take away

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

RippleX software engineer explains logic behind retiring XRP Ledger amendments.

TLDR

• Michael Saylor says Strategy sold Bitcoin to prove its treasury can be monetized without triggering a broader BTC market crash.
• Strategy sold 32 BTC for $2.5M near $59K-$60K, while Bitcoin later climbed toward the $65K resistance zone.
• Saylor says Strategy needs roughly 3.2% Bitcoin appreciation to sell BTC for dividends without relying on additional stock issuance.
• BTC remains cautiously bullish above $65K, but resistance at $65.2K-$65.3K could determine the next major move.

Michael Saylor has revealed why Strategy sold Bitcoin despite his long-standing “never sell” mantra. He revealed that the move was designed to challenge fears that Strategy could not liquidate BTC without crashing the market.

Saylor says Strategy’s treasury remains flexible enough to support dividends without constant equity issuance. This is even after selling 32 BTC near $59,000-$60,000. 

Saylor Says Bitcoin Sale Was Designed to Break the “Doom Loop”

Strategy founder Michael Saylor says the company’s decision to sell Bitcoin was less about reducing its exposure and more about proving a point to the market.

In an August 6 interview with The Diary Of A CEO, Saylor explained that investors had developed a perception that Strategy could not sell Bitcoin without triggering a sharp decline in BTC’s price.

That belief created what Saylor described as a potential “doom loop.”

Under that scenario, Strategy would be forced to continually issue equity to fund dividend obligations because selling Bitcoin could supposedly pressure the asset’s price, weaken the company’s stock, and create further financing challenges.

Strategy challenged that assumption by selling Bitcoin when BTC traded around $59,000 to $60,000.

The company sold 32 BTC for approximately $2.5 million, representing only a small portion of its massive Bitcoin treasury. Rather than triggering a market collapse, Bitcoin subsequently moved higher.

https://x.com/WuBlockchain/status/2086392043480420467?s=20

For Saylor, the transaction demonstrated that Strategy can treat Bitcoin as a liquid treasury asset without automatically destabilizing the broader cryptocurrency market.

He also pushed back against criticism surrounding his famous “never sell your Bitcoin” philosophy. According to Saylor, that message was primarily directed toward individual Bitcoin holders, while Strategy operates as a corporate entity with different capital-management requirements.

The sale also served as a response to skeptics and short sellers who argued that Strategy had effectively locked itself into a position where monetizing its Bitcoin could become financially damaging.

Saylor said the company wanted to “inoculate” the market against that assumption by demonstrating that relatively small Bitcoin sales can occur without causing a cascading sell-off.

Bitcoin Holds Above $65K as Strategy Tests Treasury Flexibility

Bitcoin is currently trading around $65,106, up approximately 0.1% over 24 hours, after moving between a daily low near $64,695 and a high around $65,234.

BTC initially declined from above $65,000 toward the $64,700 area, where buyers appeared to establish support. The cryptocurrency subsequently recovered through $64,900 before accelerating higher toward $65,200.

Source: CoinGecko

However, repeated attempts to sustain gains above $65,200 were rejected. A late-session pullback was followed by a rebound toward $65,100, indicating that buyers continue to defend the psychological $65,000 level.

The immediate resistance sits around $65,200-$65,300. A decisive breakout above this zone could strengthen the bullish setup and open the door to additional gains.

Conversely, a sustained move below $65,000 could expose Bitcoin to another test of $64,800, while a deeper decline toward the session low near $64,700 would weaken the current structure.

Saylor said Strategy’s estimated breakeven point is around 3.2%. In practical terms, if Bitcoin appreciates by roughly that amount, the company could sell a portion of its holdings to meet dividend obligations without continuously issuing additional stock.

That provides Strategy with another potential source of liquidity while allowing it to retain the majority of its Bitcoin exposure.

The market reaction to the sale is therefore important beyond the relatively small transaction itself. If corporate Bitcoin holders can periodically monetize their reserves without causing severe price dislocations, it could challenge the assumption that large institutional BTC treasuries are effectively trapped.

The post Michael Saylor Explains How Strategy’s Bitcoin Sale Was a Market Test appeared first on Blockonomi.

TLDR

• MARA pledged BTC worth about $1.2 billion to secure fresh financing.
• Coinbase and Two Prime provided $300 million each in new funding to support MARA’s expansion strategy.
• MARA faces roughly $56.7 million in annual interest costs if the full $750 million remains outstanding.
• A sharp decline in Bitcoin could trigger margin calls and expose MARA’s pledged BTC to liquidation by lenders.

MARA Holdings has pledged BTC to secure $600 million in fresh financing from Coinbase Credit and Two Prime Lending.

The Bitcoin miner plans to deploy the capital toward energy acquisitions, Bitcoin mining, AI, and high-performance computing infrastructure.

MARA Taps Bitcoin Treasury for Fresh Capital

MARA Holdings has secured $600 million in new financing after pledging 18,750 BTC as collateral. The company completed two loans with Coinbase Credit and Two Prime Lending on August 4.

The pledged Bitcoin was valued at roughly $1.2 billion when MARA closed the transactions. The amount represents nearly 53% of the 35,577 BTC the company held at the end of June.

The two facilities carry $750 million in combined principal. However, MARA will receive only $600 million in new funding because the $450 million Coinbase facility includes a $150 million refinancing of an existing credit line.

Coinbase supplied $300 million in additional capital, while Two Prime provided another $300 million. Both facilities are fully drawn.

The Coinbase loan currently carries an interest rate of about 7.5%. Two Prime charges a fixed 7.65% rate. If MARA keeps the entire $750 million outstanding, the loans would generate approximately $56.7 million in annual interest costs.

Energy and AI Expansion Raises BTC Risk

MARA plans to use the proceeds for general corporate purposes, including energy acquisitions, Bitcoin mining, artificial intelligence, and high-performance computing infrastructure.

The company also plans to use part of the funds for its acquisition of Long Ridge Energy & Power in Ohio. The deal carries an enterprise value of about $1.5 billion, including assumed debt.

Long Ridge operates a gas-fired power plant with an expected capacity of 505 megawatts and owns more than 1,600 acres of industrial land. MARA plans to develop the site for power generation, Bitcoin mining, and a potential AI and high-performance computing campus.

However, the Bitcoin-backed financing creates additional downside risk. MARA must maintain required collateral levels, and lenders can demand more Bitcoin if its value falls.

If MARA fails to meet a margin call, lenders could liquidate the pledged BTC. The company has not disclosed the specific Bitcoin price levels that would trigger those calls.

MARA had already sold 23,093 BTC for about $1.6 billion during the first half of 2026. The latest financing therefore gives the miner additional liquidity without requiring another immediate Bitcoin sale, but it also increases its exposure to BTC price volatility.

The financing structure, collateral figures, expansion plans, and liquidation risks above come directly from the supplied source.

The post MARA Pledges 18,750 BTC for $600M Loan to Fund Energy and AI Expansion appeared first on Blockonomi.

TLDR

• Brian Armstrong says crypto deserves greater recognition for expanding financial access beyond traditional banking systems.
• Stablecoins give users access to digital dollars and enable fast, low-cost transactions around the clock.
• Armstrong highlights DeFi, Bitcoin, and tokenization as technologies expanding access to credit and global assets.
• Crypto still faces challenges, but its financial infrastructure has already advanced significantly across global markets.

Coinbase CEO Brian Armstrong believes crypto is not getting enough credit for the financial access it has already unlocked worldwide. In a recent statement,

Armstrong highlighted stablecoins, DeFi, tokenized stocks and Bitcoin as technologies changing how people access money, credit and investments.

Brian Armstrong Points to Stablecoins as a Major Financial Breakthrough

Brian Armstrong argues that crypto’s contribution to financial access extends far beyond Bitcoin’s price.

The Coinbase CEO pointed to stablecoins as one of the clearest examples of crypto’s real-world utility. Dollar-backed tokens have effectively brought digital versions of the US dollar onto blockchain networks, allowing users to hold and transfer dollar-denominated value without relying exclusively on traditional banking infrastructure.

For users in economies facing currency depreciation, stablecoins can provide an alternative way to hold dollar exposure. They can also facilitate international payments at any time, including weekends and holidays.

Armstrong’s argument is particularly relevant to people who remain underserved by conventional financial institutions.

A smartphone and internet connection can provide access to a crypto wallet, allowing users to interact with blockchain-based financial infrastructure without necessarily maintaining a traditional bank account.

The technology also enables global transfers that can settle significantly faster than conventional cross-border payment systems, depending on the blockchain and application used.

DeFi, Bitcoin and Tokenization Expand the Financial Access Argument

Armstrong also highlighted DeFi, which has created open financial markets operating through smart contracts.

Traditional lending generally depends on banks, credit histories, geographic availability and institutional approval. DeFi changes that structure by allowing users to interact directly with lending and borrowing protocols.

However, most established DeFi lending remains collateralized. Therefore, its significance is less about eliminating credit requirements and more about creating programmable, transparent and globally accessible financial infrastructure. Bitcoin represents another part of Armstrong’s argument.

With a predetermined supply, Bitcoin offers an asset with monetary characteristics fundamentally different from inflationary fiat currencies. For some users, that makes it an alternative store of wealth outside traditional financial systems.

Armstrong also pointed to tokenized stocks, highlighting the potential for blockchain technology to expand access to global capital markets.

Tokenization can represent traditional assets onchain and potentially enable fractional ownership, subject to applicable regulations and market infrastructure.

Together, these developments form a broader argument about crypto’s impact. However, Crypto still faces substantial challenges, including regulation, custody risks, smart-contract vulnerabilities, liquidity constraints, and consumer protection.

The post Brian Armstrong Says Crypto Deserves More Credit for Its Role in Global Finance Transformation appeared first on Blockonomi.

TLDR

• Bitcoin remains above $64K, but bulls need a decisive 4H close above $65,200 to target the $66,800-$67K resistance.
• New whale cost bases near $67K create significant overhead supply, making this zone critical for Bitcoin’s next major move.
• MACD momentum is weakening as the 184.57 line falls below 223.06, with a -38.48 histogram signaling short-term caution.
• A break below $64K could expose $63K-$63.3K, while deeper support sits near miner cost bases around $51K.

Bitcoin price is approaching a decisive technical and on-chain crossroads as the latest recovery loses momentum near $65,000.

BTC’s resistance at $65,200 and $67,000 will determine whether bulls extend the rally or trigger another pullback. Cost-basis data also points to deeper support around $51,000 if selling pressure accelerates across the market.

Bitcoin Price Faces a Crucial $67K Cost-Basis Barrier

Bitcoin’s latest recovery has brought the market back into a critical supply zone. After falling toward $62,500-$63,000 in late July, BTC has gradually recovered. The 4-hour chart shows a sequence of higher lows, suggesting that buyers remain active.

However, the recovery has stalled around $65,000-$65,200. Several candles have rejected this area, indicating that sellers are defending the level. The broader trading range remains concentrated between approximately $63,000 and $67,000.

A decisive 4-hour close above $65,200 could strengthen the bullish setup. Such a move would put $66,000 in focus before Bitcoin tests the major swing high around $66,800-$67,000.

The $67,000 region carries additional significance because it aligns with the cost basis of newer whales. This makes it more than a conventional technical resistance level.

New whale holdings around this price represent a potentially significant source of overhead supply. If holders who accumulated near $67,000 use the recovery to exit at breakeven, Bitcoin could face renewed selling pressure.

That creates the possibility of a bull trap if BTC briefly breaks above the resistance before falling back below it. Meanwhile, the Binance user deposit cost basis near $61,500 has emerged as an important near-term support zone. Previous dips below this level have attracted buyers and produced relief rebounds.

Yet the latest buying activity appears less convincing. Subdued volume during the recovery suggests that buyers have not demonstrated enough conviction to support a sustained breakout.

MACD Warning Keeps Bitcoin Bulls on Alert

Technical momentum is providing another reason for caution. The MACD remains above the zero line, which indicates that the broader momentum structure has not completely turned bearish. However, the MACD line at 184.57 has fallen below the signal line at 223.06.

The histogram has also slipped slightly negative to -38.48. Together, these signals suggest that bullish momentum is fading. Bitcoin could therefore enter a period of consolidation or experience a short-term retracement before attempting another breakout.

Source: CryptoRank

The immediate technical level to watch is $64,000. As long as BTC maintains this area, the higher-low structure remains intact. A successful defense could allow bulls to challenge $65,200 again and eventually target $66,000-$67,000.

However, a sustained move below $64,000 would weaken the short-term structure. That could expose $63,000-$63,300, which currently represents the key technical support zone.

Beyond that, the on-chain cost-basis picture becomes increasingly important. Miner cost bases are clustered around $51,000, while long-term holders provide another major layer of support.

The gap between the LTH cost-basis supply and the current Bitcoin price is approximately $17,700, implying potential downside of around 26% from the current level if the market enters a much deeper correction.

The miner region around $51,000 could consequently become a formidable defensive line in a final-bottom scenario. For now, Bitcoin remains cautiously bullish-to-neutral.

The post Bitcoin’s Weak MACD Momentum Warns of a Possible Pullback Below $67K Resistance Zone appeared first on Blockonomi.

TLDR:

• RAVE fell from $28.30 to $0.4522 in 24 hours, then bounced nearly 480% before sliding to about $0.2045 again, deepening losses now.
• The token surged 124X from $0.2279 to $28.30 in 16 days, turning a parabolic rally into a cautionary collapse for active traders.
• Reported exchange transfers, concentrated supply, and liquidation pressure intensified fears that the rally was unsustainable and fragile.
• A $1,000 purchase at the $28.30 ATH would be worth roughly $7 at $0.2045, highlighting the danger of chasing vertical pumps.

RAVE has added another dramatic chapter to its volatile trading history, plunging to about $0.2045 after a spectacular rebound from $0.4522 to $2.6813.

The token previously surged 124X from $0.2279 to $28.30 in just 16 days, before crashing 98.40% in 24 hours and leaving traders questioning the sustainability of its explosive price action and the risks of chasing parabolic moves.

RAVE’s 124X Rally Turns Into a Brutal Collapse

RAVE’s latest price action reads more like a speculative roller coaster than a conventional crypto market cycle. The token traded around $0.2279 on April 2 before embarking on an extraordinary rally. Within just 16 days, RAVE/USDT climbed to $28.30, representing roughly a 124X increase.

That translated into gains of more than 12,300% in an exceptionally short period. The move, however, was followed by an equally violent reversal. On April 18, RAVE plunged from $28.30 to approximately $0.4522 within 24 hours. The collapse erased about 98.40% of the token’s value in a single day.

Then RAVE rebounded from $0.4522 to $2.6813, delivering an extraordinary recovery of roughly 480% within 24 hours.

But the bounce failed to establish a sustainable floor. RAVE has since fallen toward approximately $0.2045, representing an additional decline of about 88% from the recovery high.

From the original $28.30 peak, the token is now down roughly 99.28%. For perspective, a trader who invested $1,000 at the reported ATH would now have approximately $7, based on the $0.2045 price.

The numbers underline the extreme risk surrounding vertical crypto rallies, particularly when liquidity is limited, and price discovery becomes heavily speculative.

What Triggered the RAVE Collapse?

The speed and scale of RAVE’s moves have raised questions about what happened behind the scenes. One explanation centers on the token’s relatively low float and concentrated supply.

When a limited amount of available supply meets aggressive buying, prices can move dramatically with comparatively little capital.

That dynamic can create a feedback loop. As RAVE accelerated higher, momentum traders and FOMO buyers may have entered the market, further amplifying the rally. Short squeezes can add another layer of forced buying when traders betting against the token are liquidated.

But the same mechanism works in reverse. Once buying momentum disappears, thin liquidity can make the downside considerably sharper. Selling pressure can trigger liquidations, which create additional selling and potentially accelerate a downward cascade.

Reported large token transfers to exchanges before the major price moves have also attracted attention. Such transfers can become a source of concern because exchange deposits may increase the potential supply available for selling.

Importantly, these movements alone do not prove manipulation or establish that a pump-and-dump occurred.

However, the combination of concentrated supply, extreme price appreciation, reported exchange transfers, and subsequent liquidity destruction has intensified speculation surrounding the token.

The central question now is whether RAVE can build a credible recovery structure after losing virtually all of its peak valuation.

The post RAVE Price Plunges From 124X Rally to a 99.28% Collapse in 24 Hours appeared first on Blockonomi.

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

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

Whales Accumulate Bitcoin, Ethereum, and XRP

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

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

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

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

Realized Prices Point to Late Bear Market Conditions

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

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

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

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

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

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

Institutions Are Reshaping Crypto Trading Patterns

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

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

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

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

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

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

BTC’s Bear Market Looks Different

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

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

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

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

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

Established Chains Lead

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

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

RWA Lending Builds Steam

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

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

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

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

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

Bitcoin remains trapped in a broader consolidation structure, with the latest recovery failing to generate convincing bullish momentum. The price is again approaching overhead supply, but buyers have yet to produce the type of breakout needed to signal a meaningful structural shift.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, BTC is trading around $65K after recovering from the late-June lows. However, the rebound continues to lack strong bullish momentum, with recent candles becoming relatively compressed as the price approaches the $65.8K-$66.8K resistance zone.

This area has already capped previous recovery attempts and is now reinforced by the descending white trendline approaching from above. More importantly, Bitcoin remains well below the declining moving averages, leaving the broader market structure tilted to the bearish side despite the recent stabilization.

Therefore, the current advance still appears more like consolidation beneath resistance than the beginning of a confirmed bullish reversal. A decisive daily breakout above the $65.8K-$66.8K zone and the descending trendline would improve the outlook, while another rejection could shift attention back toward the major $57.8K-$60K demand region.

The hesitant price action also appears consistent with a market awaiting greater macro and geopolitical clarity. Developments surrounding US-Iran tensions and the Strait of Hormuz, along with upcoming US inflation data this month, could provide catalysts for volatility. Until a decisive move occurs, Bitcoin may remain vulnerable to sharp liquidity-driven fluctuations within its broader range.

BTC/USDT 4-Hour Chart

The 4-hour chart makes the immediate challenge for buyers even clearer. BTC has recovered significantly from the $61.8K-$62.3K support zone, but the rally has repeatedly struggled to reclaim the orange resistance box around $64.8K-$65.4K.

Recent candles are consolidating around the lower boundary of this supply zone rather than breaking decisively through it. This inability to reclaim resistance despite the recovery from $62K suggests that bullish momentum is fading near a critical threshold.

As long as BTC remains below the $64.8K-$65.4K region, another rejection remains a significant possibility. Such a move could initially unwind the latest recovery and eventually expose the $61.8K-$62.3K support box once again.

Conversely, a clean breakout and sustained acceptance above $65.4K would weaken this bearish scenario and could allow buyers to challenge the larger $65.8K-$66.8K resistance area.

Onchain Analysis

The Realized Price UTXO Age Bands provide additional context for Bitcoin’s current market structure. The chart shows the realized prices of the 1-3 month and 3-6 month holder cohorts, which currently sit above spot price at approximately $67K and $72K, respectively.

With BTC trading near $65K, both groups are therefore holding coins at an aggregate unrealized loss. This creates an important overhead cost-basis structure. In particular, the 1-3 month cohort’s realized price around $67K is relatively close to the market and could act as resistance if BTC continues recovering, as recently underwater holders may use a return toward their cost basis to reduce exposure.

The 3-6 month cohort’s realized price around $72K represents another higher threshold. Reclaiming these realized-price bands would indicate that the market is absorbing potential supply from recent buyers and would strengthen the recovery narrative. Until then, their position above spot price complements the technical picture, where Bitcoin continues to face substantial resistance overhead.

The post Bitcoin Price Analysis: Here’s What the Charts Suggest for BTC Next Week appeared first on CryptoPotato.

Ethereum is attempting to stabilize around $1.9K after its recent recovery, but the broader technical picture remains constrained by major overhead resistance. While short-term structure has improved, ETH still needs a decisive breakout to confirm that buyers are regaining control.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, ETH is trading around $1.92K and has recently pushed above the descending white trendline. This is a constructive development compared with the previous structure, as the trendline had acted as dynamic resistance throughout the broader decline.

However, the breakout has yet to translate into strong upside momentum. The asset is now confronting the declining 100-day moving average around $1.94K, while the larger $2.05K-$2.15K resistance zone sits directly above it. The 200-day moving average is also descending toward this region, creating a significant concentration of overhead resistance.

Therefore, the trendline breakout is an encouraging first step, but it does not yet confirm a broader bullish reversal. A sustained move above the $1.94K moving average would strengthen the case for an advance toward the $2.05K-$2.15K zone. Until that happens, rejection from current levels could send ETH back toward the $1.81K-$1.85K support region.

If that support fails, the larger $1.56K-$1.62K demand zone would become the next major downside target.

ETH/USDT 4-Hour Chart

The 4-hour timeframe presents a somewhat stronger short-term picture. ETH has rebounded from the $1.80K-$1.84K support zone and is now consolidating near $1.92K after establishing a sequence of higher lows from the early-August bottom.

Nevertheless, buyers are approaching a crucial test. The $1.95K-$1.98K resistance box marks the immediate supply zone and previously triggered a sharp rejection in late July. Price is currently consolidating just beneath this area, suggesting that the market is preparing for another attempt.

A breakout above the $1.95K-$1.98K region would likely open the door toward $2K and the upper boundary of the broader ascending structure. Conversely, another rejection would leave ETH vulnerable to a retracement toward the $1.80K-$1.84K support box.

The short-term bias has consequently improved, but confirmation still depends on buyers successfully clearing the resistance immediately overhead.

Sentiment Analysis

Ethereum’s funding-rate chart provides an interesting backdrop to the latest recovery. Funding rates measure the periodic payments between long and short perpetual-futures traders, with positive readings generally indicating that leveraged positioning is tilted toward longs.

The 14-period funding-rate EMA remains positive at roughly 0.006, but it has fallen substantially from its June peak near 0.01. At the same time, ETH has begun recovering toward $1.9K from its recent lows.

This divergence suggests that price is recovering without a comparable increase in leveraged-long enthusiasm. That can be constructive because the advance appears less dependent on increasingly crowded bullish positioning, reducing the immediate risk associated with excessive positive funding.

Still, funding remains above zero, meaning longs continue to pay shorts, and bullish positioning has not disappeared. If ETH breaks the $1.95K-$1.98K resistance zone while funding remains relatively contained, the move could have a healthier derivatives backdrop. A renewed surge in funding without a corresponding price breakout, however, would signal increasing leverage and raise the risk of another long-side flush.

The post Ethereum Price Analysis: Is ETH Primed for a Move to $2K Next Week? appeared first on CryptoPotato.