13 August 2026 | 20:09 Switzerland's largest bank, UBS, expanded its exposure to BlackRock's spot Bitcoin ETF in the second quarter, but the biggest change was not in the ETF shares themselves.
Key Takeaways UBS raised direct IBIT holdings by 11.9%. Call exposure surged more than 23-fold. Put exposure fell roughly 53%. The viral 230% figure mixes different instruments. According to a Form 13F filed with the U.S. Securities and Exchange Commission on August 13, UBS Group reported 407,890 shares of the iShares Bitcoin Trust ETF (IBIT) as of June 30.
That was up from 364,371 shares at the end of March, an increase of 11.9%.
Its options positions changed far more dramatically. Reported IBIT calls jumped from exposure equivalent to 80,000 underlying shares in March to 1.95 million shares in June, an increase of roughly 2,338%.
Put exposure moved the other way, falling from 303,300 to 143,300 underlying shares, or about 53%.
Why the 230% and $90 Million Headlines Are Misleading Claims that UBS increased its “spot Bitcoin ETF holdings” by roughly 230% rely on combining positions that the SEC filing reports separately.
UBS ended June with:
407,890 ordinary IBIT shares Calls covering 1.95 million underlying shares Puts covering 143,300 underlying shares Together, they amount to about 2.50 million underlying share equivalents. The comparable Q1 positions totaled about 747,671, producing an increase of roughly 234.5%.
But that does not mean UBS increased its spot IBIT holdings by 234.5%.
The ordinary ETF position rose only 11.9%. Most of the increase came from options, which the SEC requires filers to identify separately as calls or puts.
The dollar figures need the same distinction.
UBS’s ordinary IBIT shares were valued at approximately $13.58 million in the June filing. Its calls were reported against roughly $64.92 million of underlying IBIT value, while puts represented another $4.77 million.
Adding all three produces about $83.26 million, but that is not the same as UBS owning $83.26 million of IBIT.
For long options, Form 13F reports positions with reference to the securities underlying the contracts. The figures therefore should not be read as the amount UBS paid for the options themselves.
Using a later IBIT market price to value all 2.50 million share equivalents can push the headline number toward $90 million, but it still combines direct ETF ownership with call and put exposure.
The Options Shift Is the Bigger Story The change in calls stands out far more than the increase in ordinary shares.
UBS went from calls representing 80,000 underlying IBIT shares to 1.95 million in three months, while cutting its reported put position by more than half.
That is a very different development from a simple Bitcoin ETF buying spree.
There are also limits to what can be inferred from the filing. Form 13F does not reveal an institution’s entire derivatives book. Written options, for example, are not reported in the same way, so the disclosed calls and puts cannot be treated as UBS’s complete net directional exposure.
The SEC addresses these reporting rules in its Form 13F guidance.
UBS Group also submitted the filing as a combination report covering multiple UBS entities. The positions therefore should not automatically be described as a single $83 million corporate Bitcoin bet by the bank itself.
The filing shows something more specific: UBS modestly increased its direct IBIT holdings during Q2, dramatically expanded its reported call exposure and cut its put exposure by roughly half.
That makes the 2,338% jump in calls, rather than a supposed 230% surge in spot Bitcoin ETF ownership, the standout change in the latest filing.
Disclaimer: This article is for informational and educational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and readers should conduct their own research before making investment decisions. Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
In brief Coinbase, Block, BitGo and 40-plus firms put their names to an open letter demanding frontier labs open trusted-access programs to qualified defenders. The Bitcoin Policy Institute organized it; signatories include Blockstream, ARK Invest among others. The gap is practical: the people patching wallets and node software can't reach the best models, while the people attacking them already can. More than 40 bitcoin and crypto firms asked the biggest AI labs this week to let independent security researchers use their strongest models before public release.
The letter, published August 10, rests on a simple asymmetry. The Bitcoin network secures more than a trillion dollars, and the wider stack—wallets, signing devices, libraries, custody systems—holds trillions more. That code is written in the open, and one bug can erase someone's savings.
Myriad: When will OpenAI release GPT-6? Click to make your prediction.Yet the maintainers keeping it running can't get into the vetted researcher programs the AI labs run. When they reach for a public model, the guardrails shut down a legitimate hunt for flaws. So they lean on open-weight systems they can run themselves, which is useful, but a step behind the frontier—and the hackers attacking cryptocurrency networks.
“It is clear that early access and reasonable compute budgets would help core developers produce more secure code and identify and remediate vulnerabilities before losses occur,” the letter reads. “We, therefore, ask frontier AI labs to establish or expand standing trusted-access programs for qualified defenders of open-source financial infrastructure.”
The letter points out labs and a few partners get a months-long look at new attack capabilities before the rest of the world, and those capabilities escape anyway through public releases and compromised systems.
The labs haven't committedLate last month the Bitcoin Security Consortium—BlackRock, Coinbase, Strategy, Anchorage, ARK, Block, Blockstream, Fidelity Digital Assets and Galaxy—committed $15 million to the network's long-term security. The letter targets a different gap: not money for tomorrow's threats, but today's models for the maintainers patching them.
As of today, the big AI labs have not shared any public stance on this specific topic, however, the companies are working on better safeguards that would prevent their models’ abilities to be used for malicious intentions, no matter if it’s for blockchain coding or any other usage.
Anthropic has shown how the same models power "vibe hacking"—criminals running live Bitcoin-ransom attacks with AI help—and says the tools make offense cheaper. Giving defenders stronger models means picking who qualifies and trusting them not to leak.
The letter asks the labs to take that risk anyway.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief
Coinbase, Block, BitGo and 40-plus firms put their names to an open letter demanding frontier labs open trusted-access programs to qualified defenders.
The Bitcoin Policy Institute organized it; signatories include Blockstream, ARK Invest among others.
The gap is practical: the people patching wallets and node software can't reach the best models, while the people attacking them already can.
More than 40 bitcoin and crypto firms asked the biggest AI labs this week to let independent security researchers use their strongest models before public release.
The letter, published August 10, rests on a simple asymmetry. The Bitcoin network secures more than a trillion dollars, and the wider stack—wallets, signing devices, libraries, custody systems—holds trillions more. That code is written in the open, and one bug can erase someone's savings.
Myriad: When will OpenAI release GPT-6? Click to make your prediction.Yet the maintainers keeping it running can't get into the vetted researcher programs the AI labs run. When they reach for a public model, the guardrails shut down a legitimate hunt for flaws. So they lean on open-weight systems they can run themselves, which is useful, but a step behind the frontier—and the hackers attacking cryptocurrency networks.
“It is clear that early access and reasonable compute budgets would help core developers produce more secure code and identify and remediate vulnerabilities before losses occur,” the letter reads. “We, therefore, ask frontier AI labs to establish or expand standing trusted-access programs for qualified defenders of open-source financial infrastructure.”
The letter points out labs and a few partners get a months-long look at new attack capabilities before the rest of the world, and those capabilities escape anyway through public releases and compromised systems.
The labs haven't committedLate last month the Bitcoin Security Consortium—BlackRock, Coinbase, Strategy, Anchorage, ARK, Block, Blockstream, Fidelity Digital Assets and Galaxy—committed $15 million to the network's long-term security. The letter targets a different gap: not money for tomorrow's threats, but today's models for the maintainers patching them.
As of today, the big AI labs have not shared any public stance on this specific topic, however, the companies are working on better safeguards that would prevent their models’ abilities to be used for malicious intentions, no matter if it’s for blockchain coding or any other usage.
Anthropic has shown how the same models power "vibe hacking"—criminals running live Bitcoin-ransom attacks with AI help—and says the tools make offense cheaper. Giving defenders stronger models means picking who qualifies and trusting them not to leak.
The letter asks the labs to take that risk anyway.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
HIVE Digital Technologies is doubling down on Paraguay as the centerpiece of its Bitcoin mining expansion, with the company’s newly appointed country site president outlining a vision built on clean energy, disciplined growth, and operational leadership in one of South America’s most energy-rich nations.
Gabriel Lamas, who took over as HIVE’s Country Site President in March 2025, has been vocal about what he sees as the recipe for sustainable Bitcoin mining: cheap hydroelectric power, careful scaling, and strong on-the-ground management.
Paraguay’s power advantage
The country sits downstream from the Itaipú Dam, one of the largest hydroelectric power plants on the planet. HIVE operates two major facilities in the country: a 200 MW site at Yguazú, acquired in early 2025, and a 100 MW facility at Valenzuela, completed the same year. Combined, that’s 300 MW of hydroelectric-powered mining capacity.
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Paraguay generates far more hydroelectric power than its domestic economy can absorb. That surplus energy, sometimes called “stranded” power, sits there doing nothing unless someone finds a use for it. Bitcoin mining fits that gap almost perfectly.
Lamas brings over 20 years of experience in the industry to the role, including prior work with Bitfarms, another publicly traded mining company. According to HIVE, his leadership has exceeded operational expectations during the phased scaling of the Paraguayan sites.
The hashrate targets
HIVE is targeting a global hashrate of 25 EH/s (exahashes per second) in 2025 and 35 EH/s in 2026. The jump from 25 to 35 EH/s in a single year would represent a 40% increase. That’s aggressive, particularly in a post-halving environment where Bitcoin mining rewards were cut in half in April 2024. After a halving, miners earn fewer Bitcoin per block, which means only the most efficient operators survive and thrive.
Beyond Bitcoin: the AI infrastructure play
HIVE has been developing its BUZZ platform, which is designed to support AI and high-performance computing (HPC) workloads alongside traditional mining operations. The idea is that the same infrastructure, power supply, and cooling systems that serve Bitcoin miners can also serve the rapidly growing demand for AI compute.
The company trades on both Nasdaq and the TSX under the ticker HIVE, giving it access to both US and Canadian capital markets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Trezor, a hardware wallet maker based in Prague, has confirmed a data breach affecting almost 14,000 recent customers, exposing their personal information through a compromised third-party shipping provider.
Scope of the data breachThe incident affected 13,689 customers in the United States, United Kingdom, Sweden, Colombia, Brazil, Italy, and Portugal. Individuals who placed orders within 90 days before August 8 are impacted.
Trezor stated that the breach was traced back to ShipMonk, a third-party fulfillment partner, which suffered unauthorized access to systems storing customer information. SatoshiLabs, the parent company of Trezor, is currently investigating the breach alongside ShipMonk.
Of the affected users, 11,742 had their names, email addresses, phone numbers, and shipping addresses exposed. The remaining 1,947 had only their names, city, and email address leaked.
Trezor reported that its own core systems and wallet devices have not been compromised. However, the company warned that customers whose data was leaked may face a heightened risk of phishing attacks.
Trezor explained that, despite the breach, its devices and systems remain secure, but exposed users should expect an increase in scam attempts such as fraudulent emails, phone calls, or impersonation of financial institutions and crypto platforms.
The company expressed regret for the incident and apologized to affected customers and the wider crypto community.
Mini dictionary: ShipMonk is a logistics and order fulfillment company that handles warehousing and shipping services for ecommerce businesses, including crypto hardware manufacturers like Trezor.
Data type exposedCustomers affectedDetailsName, email, phone, shipping address11,742Full contact information leakedName, city, email1,947Partial details leakedSecurity risks and industry contextTrezor highlighted that scammers could exploit the compromised information to send convincing phishing emails, make deceptive phone calls, issue fraudulent letters, or impersonate legitimate financial or crypto institutions.
Trezor is recognized as one of the most widely used hardware wallets for Bitcoin and supports several other cryptocurrencies. Its parent company, SatoshiLabs, was established in 2013 and is headquartered in Prague, Czech Republic.
SatoshiLabs confirmed that investigations into the breach are ongoing and that customers will receive updates on any developments impacting their security or personal information.
Other recent incidents targeting crypto usersThe crypto industry has faced several major breaches in recent years targeting hardware wallet users. In 2020, Ledger, another leading wallet manufacturer, disclosed a hack where an unauthorized party accessed its e-commerce database and marketing system, resulting in the leak of more than 1 million email addresses and sensitive details for nearly 10,000 users.
Earlier this year, Global-e, a payment partner of Ledger, informed customers of a cloud systems breach that exposed further sensitive information. Both incidents led to an increase in phishing attempts against affected customers.
Additionally, the Bitcoin community is recovering from a recent attack on Coldcard, a hardware wallet produced by Canadian company Coinkite. Last month, hackers exploited vulnerabilities to begin draining Bitcoin from these wallets, with losses initially calculated at $111 million, though some estimates suggest they may exceed $130 million as the investigation progresses.
Users of Coldcard were urged by Coinkite to move their funds as the thefts continued. Hackers reportedly focused on later production models in their attempts to access stored digital assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bullish, the Peter Thiel-backed digital asset exchange trading on the NYSE under ticker BLSH, posted a net loss of $280 million for the second quarter of 2026. Investors responded by sending shares up 11.7% to $27.50.
The loss, amounting to $1.78 per diluted share, stands in sharp contrast to the $108.3 million profit ($0.93 per share) the company reported in Q2 2025. But the headline number obscures what actually moved markets: Bullish posted $92.6 million in adjusted revenue and $29.5 million in adjusted EBITDA, metrics that strip out the noise of volatile crypto asset valuations.
A Bitcoin-sized hole in the balance sheet
The overwhelming majority of the loss, some $244.6 million, came from a markdown on Bitcoin holdings. Companies that hold Bitcoin on their balance sheets are required under current accounting rules to write down the asset when its price falls below purchase cost, but can’t mark it back up when it recovers.
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Q2’s $280 million loss was actually a significant improvement over Q1 2026, when the company reported a net loss of $604.9 million.
From $70 to $27, and the market still cheered
Bullish made its NYSE debut in August 2025 at an initial price of $37 per share. On its first day of trading, shares surged to nearly $70, briefly pushing the company’s market cap above $10 billion.
The subsequent decline to $27.50 represents a roughly 60% drop from that first-day high. Total digital asset sales for the quarter hit $32.6 billion.
CEO Tom Farley pointed to growth prospects and the company’s planned acquisition of Equiniti as evidence that Bullish is building for scale.
The adjusted metrics game
Under generally accepted accounting principles, crypto assets are treated as indefinite-lived intangible assets. That means impairment charges hit the income statement when prices drop, but recoveries don’t get recognized until the asset is sold.
The FASB’s updated fair value accounting rules for crypto assets, which allow companies to recognize both gains and losses, are being adopted on varying timelines. How and when Bullish implements those updated standards could materially change how its financial statements read in future quarters.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Two of the most famous Bitcoin bulls in the world made the same promise. Here is exactly what happened next, and why the distinction between them matters.
President Donald Trump said it in Nashville in July 2024, standing in front of the largest Bitcoin conference crowd in history. "Never sell your Bitcoin." He said it again at the White House Crypto Summit in March 2025 when Bitcoin was trading near $90,000.
Michael Saylor said it at least five documented times between 2022 and 2026, in interviews, on stage, and on X. The phrase became crypto's most repeated conviction statement.
On August 3, 2026, Saylor posted: "When I say 'Never Sell Your Bitcoin,' I speak as one saver to another. I have never sold mine. Not one Satoshi. Strategy is a public company, not my wallet."
On the same day, Strategy filed with the SEC disclosing it had sold 1,638 BTC between July 27 and August 2 at an average price of $63,957 per coin, roughly 15 percent below the company's average acquisition cost of $75,385.
The Strategy scorecardStrategy has sold Bitcoin several times in 2026. In late May, 32 BTC went first, the smallest sale but the one that broke the psychological barrier. Then 1,363 BTC for $80.8 million at end of June.
Then 2,225 BTC for $135.2 million in early July. Then 1,638 BTC for $104.73 million between July 27 and August 2.
Then 1,690 BTC for $108.6 million between August 3 and August 9. Total Bitcoin sold in 2026: approximately 6,916 BTC for roughly $431 million, all at prices below the company's average cost of $75,385 per coin.
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Current holdings stand at 840,447 BTC. MSTR shares are down approximately 70 percent over the past 12 months and trading near $97.
Trending on TheStreet Roundtable:Cathie Wood trims Ethereum exposure on 11th anniversaryU.S. Treasury attacks Iran's Hormuz 'extortion' networkJPMorgan issues blunt warning on crypto's futureThe Trump distinctionTrump's situation is different and requires accuracy. Trump personally still holds Bitcoin, his financial disclosure confirms a cold wallet position above $50 million, untouched.
The "never sell" promise he made is technically still intact at the personal level. However, Trump Media, his separately managed company, has moved approximately 7,281 BTC to exchange addresses in 2026, though transfers to exchanges do not automatically confirm sales, and Trump Media has denied selling its Bitcoin holdings.
What the phrase actually means nowSaylor's clarification on August 3 drew the line cleanly: his personal Bitcoin remains unsold. Strategy's company Bitcoin is a different calculation, one driven by $1.26 billion in annual preferred stock dividends that require cash the company does not always have without selling something.
The "never sell" message was always directed at retail investors holding their own coins.
The companies built on top of that message operate under different constraints entirely.
BTC and ETH options are set to expire this Friday, with open interest concentrated around several key strike prices. BTC’s nominal open interest stands at roughly $1.28 billion, with its max pain point at $64,000. The highest concentration of call options is at $68,000, followed by $70,000 to $72,000. ETH’s nominal open interest is approximately $161 million, with its max pain point at $1,900. The highest concentration of call options is at $1,950 and $2,000. BTC’s put/call open interest ratio is 0.85, while ETH’s is 0.94.
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Stablecoin issuer Tether has completed its largest-ever full financial audit, with KPMG issuing an unqualified opinion, showing reserves exceeding liabilities by $6.814 billion.
USDT issuer Tether announced it has completed a full independent audit of its 2025 fiscal year financial statements by KPMG U.S., receiving an unqualified audit opinion—the most positive outcome an independent auditor can issue. Dubbed "the largest first-time financial audit in history", the engagement saw KPMG conduct comprehensive substantive testing on Tether’s balance sheet, reserve asset composition, outstanding token liabilities, income statement, changes in equity, and cash flow statement. Critically, instead of relying solely on custodian reports, KPMG physically counted every gold bar held by Tether to verify their existence and identifying details. The audit confirmed Tether’s reserves exceeded its liabilities by $6.814 billion as of December 31, 2025. Tether CEO Paolo Ardoino stated: "Critics have for years claimed Tether could not complete an audit, and we have once again proven them wrong. An unqualified opinion means Tether has secured a clean audit." CFO Simon McWilliams called the milestone "a landmark in Tether’s commitment to transparency", noting the firm has wrapped up a historic project with the Big Four accounting firms and will continue to elevate standards moving forward. Tether has long published independent reserve attestation reports; this full financial statement audit marks a jump in its financial reporting regime from the attestation level to the full audit tier.
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Bitwise Chief Investment Officer Matt Hougan stated that people evaluating current decentralized finance (DeFi) applications are making two overlapping mistakes: regarding market size, they believe they are targeting the $2 trillion cryptocurrency market, but in reality, they are targeting the $500 trillion asset market; regarding value capture, they think they have maximized fee revenue, but have only scratched the surface. Projects such as Hyperliquid, Uniswap, Aave, Morpho, Aerodrome, Lighter, Pump and others have a larger TAM (total addressable market) and stronger pricing power than commonly perceived.
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Last week, 75% of stocks in the S&P 500 Tech sector closed above their 200-day moving average (DMA), marking the first time this threshold has been hit since October 2024, ending a 219-trading-day stretch of prolonged weakness. This is the 9th-longest downturn on record, with the longest such stretch in history lasting 759 trading days, ending after the dot-com bubble burst on April 22, 2003. Historical data shows that after the end of such prolonged downturns, the tech sector posts an average gain of 2.5% in the following month, 7.3% in three months, 15.5% in six months, and a whopping 33.4% in 12 months. Meanwhile, 69% of stocks in the Nasdaq 100 index are now above their 200-day moving average, near the highest level since July 2025. This notable improvement in the breadth indicator signals that the tech stock rally is expanding beyond a handful of heavyweight stocks to the broader sector, as market momentum builds. The tech sector had previously faced multiple headwinds including memory chip sell-offs, deleveraging of leveraged ETFs, and concerns over AI capital expenditures; this technical repair provides positive support for future market performance.
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Bitcoin falls below $63,000, with a 1.03% drop in the past 24 hours.
According to HTX market data, Bitcoin has dropped below $63,000, with a 24-hour decline of 1.03%.
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CFTC releases agenda for first meeting of its Innovation Advisory Committee, focusing on regulation of crypto assets, AI, and prediction markets.
U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig has released the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The meeting is scheduled to be held in Washington on Thursday, August 20, and will focus on topics including crypto asset regulation, artificial intelligence, and prediction markets. Selig said: "The United States has long been a global hub for financial innovation. I look forward to meeting with entrepreneurs, thinkers, and builders of the CFTC Innovation Advisory Committee to explore how emerging technologies and financial products can shape our markets in the new financial frontier." The public may submit relevant comments by August 27, and all received submissions will be published publicly. The meeting agenda may be adjusted based on other priorities of the IAC; the full agenda is available on the CFTC’s official website. The CFTC also emphasized that the views and opinions expressed by the advisory committee represent only the committee itself and do not reflect the positions of the CFTC, its staff, or the U.S. government.
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Databricks closes $5 billion strategic funding round, led by Coatue, with participation from Blackstone, MGX, and T. Rowe Price.
AI data platform Databricks announced it has closed a $5 billion strategic funding round at a $190 billion post-money valuation. The term sheet published on July 16 had set a $188 billion valuation, with the final figure rising due to an expanded funding size and additional share issuance. The round was led by existing shareholder Coatue, with participation from Blackstone, MGX, and T. Rowe Price, while Sixth Street Growth joined as a new investor. The company’s annualized revenue run rate has exceeded $7 billion, growing over 80% year-over-year. Co-founder and CEO Ali Ghodsi stated that, per the industry definition used before 2022, AGI has arrived—with the real bottleneck now shifting to enterprise context, AI token costs, and agent infrastructure. The new capital will be allocated to three core areas: Unity AI Gateway (for cross-model routing and spend control), Lakebase (a serverless Postgres database whose revenue run rate has already topped $100 million), and Genie (which provides AI with access to enterprise context). Ghodsi also revealed that the company’s likelihood of going public before Anthropic or OpenAI is "very low". He had repeatedly denied summer funding rumors earlier, and the final decision to raise capital was based on factors including the cost of expanding its AI business and increasing investment in hiring and mergers and acquisitions.
Charles Schwab has opened direct trading of Bitcoin (BTC) and Ethereum (ETH) to its approximately 40 million brokerage account holders, expanding its crypto offerings on August 13. The move gives one of the largest US financial institutions’ clients access to leading cryptocurrencies through the same platforms they use for stocks and bonds.
Schwab’s crypto platform detailsThe Schwab Crypto platform allows eligible clients to buy and sell Bitcoin and Ethereum using their existing brokerage interface. The service is currently available in 48 US states, with New York and Louisiana excluded for now. Schwab charges a 0.75% fee on crypto trades, which aligns with rates found across the industry.
Charles Schwab Premier Bank handles custody of client assets for the new crypto service, providing oversight and recordkeeping. Paxos, a blockchain infrastructure company regulated by the Office of the Comptroller of the Currency (OCC), is responsible for sub-custody and trade execution.
Mini dictionary: Paxos is a blockchain infrastructure company that provides crypto brokerage, custody, and settlement services, operating under regulatory oversight from the US Office of the Comptroller of the Currency (OCC).
Jonathan Craig, Head of Retail Investing at Schwab, highlighted new service and research features available to clients trading digital assets alongside traditional investments. He stated that broader financial management and educational resources are intended to make the platform appealing for cryptocurrency investors.
Clients now have access to Bitcoin and Ethereum trading on the same interface as stocks and bonds, with added support, research, and education.
Expansion and future plansSchwab, with over $12 trillion in client assets, initially entered the crypto sector using indirect exposure instruments such as spot Bitcoin and Ether exchange-traded products (ETPs), futures, and related funds. As of May, 39.1 million Schwab retail clients were offered access to crypto trading. The figure has now reached 40 million accounts with the broader rollout.
Joe Vietri, Head of Digital Assets, said Schwab aims to become the primary destination for individual investors looking to include digital assets in their portfolios. The company plans to expand its product range beyond BTC and ETH and eventually enable token transfers from outside wallets and exchanges.
FeatureMay 2026August 2026Accounts eligible for crypto trading39.1 million40 millionTokens supportedBTC, ETHBTC, ETHSupported states48 (excludes NY, LA)48 (excludes NY, LA)Trade fee0.75%0.75%Currently, Schwab clients account for about 20% of all spot crypto ETP holdings, highlighting the firm’s position in the retail crypto market.
Risk messaging and industry contextDespite launching direct crypto trading, Schwab continues to caution investors about the risks of digital assets. A company research report from April found that even a modest 1% to 3% allocation to Bitcoin or Ether can significantly increase a portfolio’s total risk. The firm noted that volatility remains a concern, as both tokens have previously dropped over 70% in some market cycles, and described cryptocurrencies as speculative, high-risk holdings.
Any cryptocurrency allocation is likely to raise portfolio volatility, and there is no single correct level of exposure for every investor.
Schwab’s move matches a broader trend on Wall Street, with institutions such as Morgan Stanley introducing crypto trading on its E-Trade platform and Goldman Sachs seeking regulatory approval to launch a Bitcoin Premium Income ETF. These developments are happening as US lawmakers consider the Digital Asset Market Clarity Act, which would divide oversight of crypto between the SEC and CFTC and establish ground rules for tokens, stablecoins, and decentralized finance (DeFi).
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin ETFs experienced significant outflows, with a combined sale of 966 BTC valued at approximately $61.16 million. BlackRock, the world’s largest asset manager, and Fidelity, one of the leading American financial services corporations, led these moves with sizable dispositions from their respective funds.
Major BTC outflows by BlackRock and FidelityBlackRock’s ETF sold 227 BTC, translating to a value of $14.34 million. At the same time, Fidelity’s ETF offloaded an even larger amount, disposing of around 739 BTC for $46.82 million. These decisions indicate a possible adjustment in the allocation strategies of both institutions.
The activity marks one of the larger recent outflows from Bitcoin ETFs and has drawn market attention to the actions of these two financial giants. Both institutions are highly influential in shaping investment trends among traditional and crypto-focused investors.
With BlackRock and Fidelity leading substantial Bitcoin sales, the ETF outflows reflect investor caution in current market conditions.
During the period of these outflows, Bitcoin traded near $63,690, and market sentiment remained characterized by uncertainty and caution. Analysts note that such significant ETF sell-offs can create downward pressure on Bitcoin’s price, especially when combined with a risk-averse investor climate.
Ethereum ETFs record inflowsIn contrast to the Bitcoin ETF outflows, Ethereum ETFs saw inflows amounting to 3,920 ETH, valued at roughly $7.38 million. BlackRock participated in this trend by purchasing the same amount of ETH, indicating a possible shift in investor preference from Bitcoin to Ethereum.
With Ethereum trading around $1,890, the increased inflows into Ethereum ETFs suggest that some institutions and investors are reevaluating its prospects, potentially positioning it more favorably amid current market volatility.
This divergent movement between Bitcoin and Ethereum highlights a growing difference in investor confidence and perceived opportunity between the two largest cryptocurrencies by market capitalization.
ETF ProviderAsset Sold (BTC)Value ($ million)Asset Bought (ETH)Value ($ million)BlackRock22714.343,9207.38Fidelity73946.8200Total96661.163,9207.38Market observers continue to monitor these ETF movements, as changes in fund allocations by industry leaders such as BlackRock and Fidelity can influence broader trends among institutional and retail investors alike.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Stablecoin issuer Tether has completed its largest-ever full financial audit, with KPMG issuing an unqualified opinion, showing reserves exceeding liabilities by $6.814 billion.
USDT issuer Tether announced it has completed a full independent audit of its 2025 fiscal year financial statements by KPMG U.S., receiving an unqualified audit opinion—the most positive outcome an independent auditor can issue. Dubbed "the largest first-time financial audit in history", the engagement saw KPMG conduct comprehensive substantive testing on Tether’s balance sheet, reserve asset composition, outstanding token liabilities, income statement, changes in equity, and cash flow statement. Critically, instead of relying solely on custodian reports, KPMG physically counted every gold bar held by Tether to verify their existence and identifying details. The audit confirmed Tether’s reserves exceeded its liabilities by $6.814 billion as of December 31, 2025.
Tether CEO Paolo Ardoino stated: "Critics have for years claimed Tether could not complete an audit, and we have once again proven them wrong. An unqualified opinion means Tether has secured a clean audit." CFO Simon McWilliams called the milestone "a landmark in Tether’s commitment to transparency", noting the firm has wrapped up a historic project with the Big Four accounting firms and will continue to elevate standards moving forward. Tether has long published independent reserve attestation reports; this full financial statement audit marks a jump in its financial reporting regime from the attestation level to the full audit tier.
9 minutes ago
Over $1.4 billion worth of crypto options are set to expire today, with Bitcoin’s max pain point at $64,000.
BTC and ETH options are set to expire this Friday, with open interest concentrated around several key strike prices. BTC’s nominal open interest stands at roughly $1.28 billion, with its max pain point at $64,000. The highest concentration of call options is at $68,000, followed by $70,000 to $72,000. ETH’s nominal open interest is approximately $161 million, with its max pain point at $1,900. The highest concentration of call options is at $1,950 and $2,000. BTC’s put/call open interest ratio is 0.85, while ETH’s is 0.94.
9 minutes ago
Bitwise Chief Investment Officer (CIO): DeFi’s market size and pricing power are both underestimated, and projects like Hyperliquid have far greater potential than imagined.
Bitwise Chief Investment Officer Matt Hougan stated that people evaluating current decentralized finance (DeFi) applications are making two overlapping mistakes: regarding market size, they believe they are targeting the $2 trillion cryptocurrency market, but in reality, they are targeting the $500 trillion asset market; regarding value capture, they think they have maximized fee revenue, but have only scratched the surface. Projects such as Hyperliquid, Uniswap, Aave, Morpho, Aerodrome, Lighter, Pump and others have a larger TAM (total addressable market) and stronger pricing power than commonly perceived.
9 minutes ago
75% of stocks in the S&P 500 tech sector have returned above their 200-day moving average, with historical averages indicating a potential gain of up to 33.4% over the next year.
Last week, 75% of stocks in the S&P 500 Tech sector closed above their 200-day moving average (DMA), marking the first time this threshold has been hit since October 2024, ending a 219-trading-day stretch of prolonged weakness. This is the 9th-longest downturn on record, with the longest such stretch in history lasting 759 trading days, ending after the dot-com bubble burst on April 22, 2003. Historical data shows that after the end of such prolonged downturns, the tech sector posts an average gain of 2.5% in the following month, 7.3% in three months, 15.5% in six months, and a whopping 33.4% in 12 months. Meanwhile, 69% of stocks in the Nasdaq 100 index are now above their 200-day moving average, near the highest level since July 2025. This notable improvement in the breadth indicator signals that the tech stock rally is expanding beyond a handful of heavyweight stocks to the broader sector, as market momentum builds. The tech sector had previously faced multiple headwinds including memory chip sell-offs, deleveraging of leveraged ETFs, and concerns over AI capital expenditures; this technical repair provides positive support for future market performance.
9 minutes ago
Bitcoin falls below $63,000, with a 1.03% drop in the past 24 hours.
According to HTX market data, Bitcoin has dropped below $63,000, with a 24-hour decline of 1.03%.
9 minutes ago
CFTC releases agenda for first meeting of its Innovation Advisory Committee, focusing on regulation of crypto assets, AI, and prediction markets.
U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig has released the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The meeting is scheduled to be held in Washington on Thursday, August 20, and will focus on topics including crypto asset regulation, artificial intelligence, and prediction markets. Selig said: "The United States has long been a global hub for financial innovation. I look forward to meeting with entrepreneurs, thinkers, and builders of the CFTC Innovation Advisory Committee to explore how emerging technologies and financial products can shape our markets in the new financial frontier." The public may submit relevant comments by August 27, and all received submissions will be published publicly. The meeting agenda may be adjusted based on other priorities of the IAC; the full agenda is available on the CFTC’s official website. The CFTC also emphasized that the views and opinions expressed by the advisory committee represent only the committee itself and do not reflect the positions of the CFTC, its staff, or the U.S. government.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
An under-the-radar cryptocurrency has delivered stratospheric gains in recent months, while more popular premium cryptocurrencies have struggled.
VELVET Defies Crypto Bear MarketVelvet (VELVET), which operates primarily on BNB Chain (CRYPTO: BNB), has jumped 378% year-to-date.
What Sparked Velvet’s RallyVelvet is an AI-powered decentralized finance operating system and trading terminal that streamlines onchain research, trading and portfolio management.
According to CoinMarketCap, the introduction of synthetic pre IPO products on the platform played a major role in boosting its price. Users were allowed to trade tokenized, leveraged pre IPO exposure directly from Velvet’s on-chain terminal.
“This surge was driven by intense trader interest in the SpaceX and AI pre-IPO markets,” CoinMarketCap said.
Price Action: At the time of writing, VELVET was trading at $0.6772, up 201.17% in the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: Samuel Boivin / Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Strategy chairman Michael Saylor, who had championed uncompromising Bitcoin maximalism for years, has made an unexpected compromise with the fiat world. The entrepreneur unveiled the concept of a multi-layered Digital Finance Stack, in which the USDT stablecoin has, for the first time, been officially designated as the ecosystem's primary transactional gateway.
The new architecture clearly distributes assets across the monetary spectrum: from volatile Bitcoin on the left flank to stable fiat payment instruments on the right.
How Saylor plans to supercharge Bitcoin with USDTWithin this framework, Bitcoin is assigned exclusively the role of "heavy" digital capital and the ultimate defensive asset. To directly address Bitcoin's limited transactional utility, the largest corporate holder of the cryptocurrency has unexpectedly integrated Tether's USDT into the model.
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This zero-volatility instrument is intended to fully meet the market's need for fast, everyday payments.
Michael Saylor's Bitcoin-centered Digital Capital framework, Source: Michael Saylor via X.comServing as a bridge between them are new structured financial-engineering products developed by Strategy itself. These include STRC, a semi-stable, fixed-income credit instrument represented by the company's Bitcoin-backed preferred stock, and SR-strcUSX, a hybrid token created for the sole purpose of combining the stability of fiat currency with debt-market yields.
The top layer of this system is Digital Equity, which connects all levels of the framework into a single business.
You can live on Bitcoin. You can also build on it. Crude oil is valuable, but civilization gets more utility by refining it into gasoline, jet fuel, plastics, lubricants, and asphalt. Bitcoin is Digital Capital. Innovation turns capital into credit, money, and currency.
— Michael Saylor (@saylor) August 13, 2026 Under Saylor's vision, fintech companies will be able to earn revenue by managing these payment and credit instruments, while investors will receive a share of their earnings by purchasing equity.
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Saylor's theoretical framework has emerged at a moment of severe stress testing for Strategy's actual balance sheet. The company's latest reports showed that it had broken its "never sell" rule, liquidating 6,948 BTC worth $432.5 million this summer to pay dividends and maintain liquidity. The sale came as the STRC preferred stock was trading below its $100 par value.
Although CEO Phong Le said this week that Strategy expects to return to net Bitcoin purchases by the end of 2026, Saylor's new concept clearly shows that the company is attempting to transform its massive reserve of 840,447 BTC from a passive and volatile burden into an active commercial fintech instrument.
Bitcoin has fallen to its cost of production zone, a level that has marked past bear market bottoms.
Price is holding near $63,000 to $64,000, down about 50% from its 2025 high.
Spot Bitcoin ETFs saw $144.6 million in outflows on August 10, ending a five day streak of inflows.
Bollinger Band width dropped to 3.8%, the lowest volatility reading in two years.
Long-term holders are sitting on unrealized losses, though not yet at levels seen in past cycle bottoms.
Bitcoin has dropped to what analysts call its cost of production zone. This level has marked the bottom of past bear markets.
The price has been sitting near $63,000 to $64,000 for weeks. That’s a drop of nearly 50% from the 2025 all-time high.
Bitcoin Price on CoinGecko
Signs Pointing to a Bottom
Some of the money that left crypto this year moved into AI stocks and memory chip makers. That memory chip cycle may be peaking, which could send capital back into Bitcoin by late 2026 or early 2027.
Inflation has been easing over recent months. If that trend holds, the Federal Reserve could cut interest rates, which tends to push investors toward riskier assets like Bitcoin.
The war between the US and Iran may also be nearing an end. President Trump has pushed for a peace deal to reopen the Strait of Hormuz, which could steady oil prices and investor sentiment.
Bitcoin has also followed a four-year cycle since 2017, hitting new highs in 2017, 2021, and 2025. If that pattern continues, the next rally could begin around 2027, with a fresh peak expected by 2029.
ETF Outflows and Price Action
On August 10, spot Bitcoin ETFs recorded $144.6 million in outflows. That broke a five day streak that had brought in $865.3 million.
Bitcoin was also down about 3% from Sunday’s high of $65,474. The $65,000 to $67,000 range is a key supply zone that price has failed to clear.
That failure points to bearish control for now. Liquidation levels below the market could pull price down toward $57,000.
At the same time, volatility has compressed sharply. Analyst Axel Adler Jr posted on X that Bollinger Band width sits at 3.8%, one of the tightest readings in two years, and said this kind of squeeze usually comes before a sharp move in either direction.
The ADX trend indicator backs this up, sitting at 11, well under the 25 mark that signals a strong trend. The -DI and +DI lines are close together, showing no clear bullish or bearish push yet.
CryptoQuant analyst Moreno pointed to the long-term holder aNUPL metric, which has turned negative. That means long-term holders are now sitting on losses on average.
Past cycle bottoms saw this metric fall much lower. That leaves two possibilities: either another sell-off is needed, or steady demand from corporate treasuries is absorbing supply earlier than before.
If Bitcoin falls below $60,000 and the metric drops further, the case for another leg down grows stronger. If it recovers back toward zero, it would suggest long-term holder stress is fading.
Major cryptocurrencies traded mostly lower on Thursday, with HYPE outpacing declines across the sector. Bitcoin traded at $63,400, down 1%, while Ethereum and Solana each dipped 1%, settling at $1,880 and $75.60, respectively. HYPE bucked the trend, climbing 4% to $57.30 during the session.
SEC set to unveil new crypto regulationsThe US Securities and Exchange Commission plans to introduce two significant crypto initiatives, according to Bloomberg. The first is a proposed “Regulation Crypto,” a framework that would enable blockchain projects to raise capital through token sales without requiring full securities registration. The proposal will be discussed at an open meeting scheduled for Friday.
The second, and potentially more impactful move, focuses on granting an “innovation exemption” for tokenized stocks. This exemption could be announced as soon as Friday and would allow tokenized shares of companies such as Apple, Tesla, and Nvidia to trade on public blockchains around the clock in fractional units with rapid settlement.
Currently, tokenized stocks give holders economic exposure to the underlying equities, but without voting or dividend rights. Multiple protocols are working to address these limitations. The initiative under SEC Chair Paul Atkins’s “Project Crypto” is expected to provide more specific regulatory guidance for these products.
Mini dictionary: Tokenized stocks are digital representations of equity shares posted on blockchains, allowing 24/7 fractional trading but typically lacking voting and dividend rights.
The legal clarity brought by a formal SEC exemption could open US retail access to an area of the market that has been mostly active in a regulatory gray zone and often limited to non-US users.
Market and volume trendsSpot trading activity sharply decreased in recent weeks, as Bitcoin’s spot trading volume dropped to its lowest point since 2019. Analysts point to a standoff between weak spot demand and building seller exhaustion. Exchange-traded Bitcoin products saw net outflows of $61 million on Wednesday, while Ethereum ETFs registered $7.4 million in inflows.
Altcoins and meme coins remained under pressure, with DOGE down 3%, SHIB falling 1%, and PEPE losing 5%. BONK was an exception, rising 2%. Top altcoin movers included OKB (+7%), MNT (+6%), and Virtual (+5%). Among Solana-based tokens, Ava soared 40%, momota surged 180%, and XST climbed 33%.
Across legacy markets, oil slipped 2% to $81, gold edged down 0.5% to $4,450, while stock futures showed minor gains with the Nasdaq up 0.5% and the Dow flat.
Institutional moves and technical eventsGoldman Sachs completed a $2.25 billion acquisition of NEOS, obtaining the BTCI covered-call fund and access to about $30 billion in options-based strategies. Bitwise, a crypto-focused asset manager, reduced its staff by 14% as declining trading activity hit ETF issuers, trimming its workforce to around 155 employees.
Solana experienced a near-miss incident after a routing bug led to almost 29% of staked SOL becoming unavailable, bringing the chain within five percentage points of freezing finality. Meanwhile, the Robinhood Chain saw rapid growth in tokenized real world asset (RWA) volume, rising fivefold this summer and accounting for a major push across Solana and Base.
Hyperliquid, a decentralized derivatives exchange, introduced a new “scaleWei” function intended to redistribute tokenized stock balances automatically for events such as splits and dividends. The platform also lowered its real-time data node access cost to under $1,000 per month, removing a previous 10,000-HYPE staking requirement.
Mini dictionary: Hyperliquid is a decentralized crypto exchange that focuses on perpetual contracts and innovative onchain financial infrastructure with features such as real-time data nodes.
Multiple protocols are now developing solutions aimed at extending voting and dividend rights to holders of tokenized stocks, which could further align these assets with their traditional counterparts and address gaps in current structures.
Security and network incidentsA vulnerability in a bridge on the XRP Ledger allowed an attacker to generate unbacked XRP balances, draining nearly 200,000 XRP (approximately $202,000) despite the flaw passing multiple security audits. In another security event, the Coldcard incident led holders to transfer $15 billion in Bitcoin to safer storage, as 233,000 BTC left long-term wallets following the breach.
NFT and microcap token updatesNFT leaders were mostly flat. Punks traded at 31.7 ETH, Bored Ape Yacht Club at 8.17 ETH, and Pudgy Penguins at 3.92 ETH. Stonkbrokers fell 20% to 10 ETH. Top movers included Good Vibes Club (+32%) and The Saudis (+650%), while NFT microcaps like RH Machines, Robinhood Kitties, and fuwa all gained over 200%.
The introduction of a dedicated “innovation exemption” for tokenized stocks stands to unlock growth across onchain real world assets, positioning the US for broader retail access if regulatory clarity is delivered as anticipated.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He ...
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He had to sell Bored Ape #5715 for just 8.3 $ETH ($15,570), which he bought for 34.17 $ETH 3 years ago, to keep his $ETH long going. Current position: 2,800 $ETH($5.3M) Liquidation price: $1,863.08
24 minutes ago
Crypto influencer 'Maji Big Brother' withdrew only 1,540 USDC from Binance and sold Bored Ape Yacht Club (BAYC) NFTs to maintain his long Ethereum (ETH) position.
According to monitoring by OnchainDataNerd, Maji Big Brother may face increased financial pressure recently, having withdrawn just 1,540 USDC from Binance. Meanwhile, to maintain his long Ethereum (ETH) position, he sold Bored Ape Yacht Club #5715 for 8.3 ETH (≈$15,600) — an NFT he purchased three years ago for 34.17 ETH. His current long ETH position stands at 2,800 ETH, valued at roughly $5.3 million, with a liquidation price of $1,863.08.
24 minutes ago
AI chip maker Cerebras Systems falls 17.3% in pre-market trading on US stocks.
According to BIT (Bit.com) market data, shares of AI chip maker Cerebras Systems fell 17.3% in pre-market trading on US stocks, as the company's second-quarter revenue missed expectations.
24 minutes ago
Changxin Technology has surpassed Tencent Holdings to become China’s largest listed company by market capitalization.
Changxin Technology closed today with a market capitalization of 3.54 trillion yuan. As of Hong Kong's market close, Tencent Holdings (00700.HK) fell 4.46%, posting a market cap of 4 trillion Hong Kong dollars, equivalent to approximately 3.44 trillion yuan. Changxin Technology has surpassed Tencent to become China's largest listed company by market capitalization.
24 minutes ago
Iran: Will Wear Down the U.S. Through a Protracted War
In an interview broadcast on U.S. public television PBS on August 11 local time, Mohammad Reza Naghdi, advisor to the commander-in-chief of Iran’s Islamic Revolutionary Guard Corps (IRGC), stated that the two main goals of the U.S. war against Iran—overthrowing Iran’s leadership and splitting the country—have “already failed,” adding that “victory is on Iran’s side.” Naghdi pointed out that the U.S. has displayed confusion and uncertainty in this conflict, saying, “The U.S. keeps announcing new goals every few days, turning this into a war without strategy.” He also emphasized that Iran will continue to achieve victories. Over more than five months of confrontation with the U.S., Iran has not only accumulated experience but also found that U.S. military forces are weaker than expected. Iran must achieve deterrence to ensure enemies never dare attack it again, and one way to do this is to “prolong the war” to wear down the U.S., so that anyone considering attacking Iran in the future “will first weigh the cost they will have to pay.” (Source: CCTV International News)
24 minutes ago
South Korea's sovereign wealth fund KIC has made its first investment in Circle, holding a stake valued at $4.1 million in the second quarter.
Korea Investment Corporation (KIC) has made its first investment in Circle, a stablecoin issuer. Data disclosed by the U.S. Securities and Exchange Commission (SEC) shows that as of the second quarter of 2026, KIC held 65,443 shares of Circle, with a holding value of approximately $4.099 million (equivalent to about 5.83 billion South Korean won). Previously, KIC’s holdings of crypto-asset-related companies included Strategy, Coinbase, Block, Robinhood, and Riot Platforms. In Q2 2026, KIC reduced its stakes in Strategy, Coinbase, and Riot Platforms, while increasing positions in Block and Robinhood. The total value of its related U.S. stock holdings rose 27% from $132 million in Q1 to $168 million. Specifically, Strategy’s holding value dropped 32% from $10.61 million to $7.17 million; Coinbase’s fell 30% from $52.99 million to $36.93 million; Block’s surged 58% from $17.25 million to $27.34 million; Robinhood’s jumped 92% from $45.88 million to $87.96 million; and Riot’s rose 70% from $4.95 million to $8.42 million.
Bitcoin traded near $63,800 early Thursday, Aug. 13, as crypto markets struggled to build momentum from a U.S. inflation report that came largely in line with expectations.
Summary
Bitcoin traded near $63,800 as July inflation matched forecasts and failed to ignite fresh momentum. Hyperliquid led large-cap gains, while Velvet topped CoinMarketCap’s top-100 movers with a 23.76% surge Thursday. Bitcoin ETFs posted $61.1 million in outflows, while Ether ETFs attracted $7.4 million of inflows. July consumer prices rose 0.1% monthly and 3.4% annually, matching economists’ expectations for headline inflation. U.S. producer prices arrive Thursday before Jackson Hole, September jobs data, inflation, and Fed meeting. The largest cryptocurrency was little changed over the latest 24 hour period when checked around 06:20 UTC, after trading as low as roughly $63,200 during the previous session. crypto.news placed the broader crypto market capitalization near $2.27 trillion, with Bitcoin accounting for about 56.6% of the market.
Bitcoin briefly climbed above $65,000 ahead of the inflation report, but repeated attempts to establish a stronger move above that region failed. The loss of an immediate regulatory catalyst has also remained in the background after the Senate pushed the CLARITY Act process into September.
Bitcoin price stays muted after U.S. inflation data July consumer inflation provided some relief without triggering a sustained crypto rally. The BLS reported that headline consumer prices rose 0.1% from June and 3.4% from a year earlier. Core CPI, which excludes food and energy, increased 0.2% monthly and slowed to 2.5% annually.
The figures matched economists’ headline expectations closely enough to reduce fears of another near term Federal Reserve increase. Reuters reported that futures markets lowered the implied probability of a September rate hike to roughly 40% from 54% before the release. Asian equities responded more positively than crypto, with the MSCI Asia Pacific index rising about 1% and South Korea’s Kospi gaining more than 4%.
Bitcoin, however, remained pinned below $64,000. The muted response suggests the inflation reading removed one downside risk without supplying the new demand needed for another run toward $65,000.
HYPE leads major coins as top gainers and losers split Major cryptocurrencies were mixed rather than uniformly lower by Thursday morning. crypto.news showed Ether around $1,890, BNB near $611, XRP at $1.01 and Solana close to $76. TRON traded around $0.338, while Dogecoin changed hands near $0.0707. Cardano was about $0.184 and Chainlink traded near $8.74.
Crypto market overview, source: QuantifyCrypto Hyperliquid was the clear large cap outperformer. HYPE traded around $57 and gained roughly 4% to 5% over 24 hours depending on the data venue. That continued a recovery already visible last week, when HYPE rebounded from roughly $51 toward the $57 area.
The moves were more pronounced further down the market. CoinMarketCap ranked Velvet as the best performer among its top 100 cryptocurrencies, up 23.76% to about $0.70. Virtuals Protocol followed with a 9.86% gain to $0.596, while OKB rose 9.19% to roughly $104. Mantle gained 5.99%, followed by HYPE at 4.68%.
Audiera led the other side of the table with a 15.74% decline. Curve DAO Token fell 7.42%, Official Trump lost 5.75%, Uniswap dropped 5.55% and Pepe declined 4.34%. Dogecoin was also among the top 100 losers, falling about 2.1%.
Bitcoin ETF outflows contrast with Ether demand U.S. exchange traded fund flows offered another reason for Bitcoin’s subdued performance. Spot Bitcoin ETFs recorded $61.1 million in net outflows on Aug. 12, according to Farside. Fidelity’s FBTC accounted for $46.8 million of redemptions, while BlackRock’s IBIT lost $14.3 million.
Bitcoin ETF flow, source: Farside Ether funds moved in the opposite direction. U.S. spot Ether ETFs attracted $7.4 million, entirely through BlackRock’s ETHA, while every other listed fund recorded zero net flow for the session. The divergence followed $144.6 million of Bitcoin ETF outflows on Aug. 10 and a modest $7.8 million inflow the following day.
The latest redemptions also interrupted a stronger period of institutional Bitcoin demand. In related coverage, four consecutive Bitcoin ETF inflow sessions previously brought in $763.6 million before flows weakened this week.
What could move Bitcoin next? The immediate U.S. test arrives later Thursday. The BLS will release July producer prices at 8:30 a.m. ET on Aug. 13. A large surprise could again alter expectations for the Federal Reserve’s Sept. 15 to 16 meeting.
Attention then shifts to the Jackson Hole Economic Policy Symposium on Aug. 27 to 29. This year’s event focuses on financial innovation, payments and policy. The August employment report follows on Sept. 4, while August CPI arrives Sept. 11, giving policymakers two major data releases before the September meeting.
Brent crude was also back below $90 early Thursday after its recent advance, trading near $88.50 as weaker demand forecasts offset continuing Middle East supply concerns.
For Bitcoin, that leaves several competing forces. Inflation has not produced a fresh shock, but ETF demand has softened and $65,000 remains difficult to reclaim. The next PPI, employment and inflation readings will determine whether expectations continue shifting toward a Fed pause before September’s decision.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Bitcoin fiyatı 13 Ağustos Perşembe günü 64.000 doların altında yatay seyrederken, ABD’nin beklentilerle büyük ölçüde uyumlu gelen enflasyon verisi kripto piyasasında yeni bir yükseliş başlatamadı. BTC’nin 65.000 dolar denemeleri sonuçsuz kalırken, spot Bitcoin ETF‘lerinden 61,1 milyon dolarlık çıkış yaşanması dikkat çekti.
Bitcoin, ABD temmuz TÜFE verisi öncesinde kısa süreliğine 65.000 doların üzerine çıktı. Ancak bu seviyenin üzerinde kalıcı olamadı ve yeniden 64.000 doların altına çekildi.
Piyasalar enflasyon verisini büyük bir sürpriz olmadan karşıladı. Buna rağmen Bitcoin’de güçlü bir alım dalgası oluşmadı.
Peki enflasyon verisi Fed’e ilişkin beklentileri desteklerken Bitcoin neden hâlâ 65.000 doları aşamıyor?
Bitcoin Neden 65.000 Doları Aşamadı? ABD’de temmuz ayında tüketici fiyatları aylık bazda %0,1, yıllık bazda ise %3,4 arttı. Çekirdek TÜFE aylık %0,2 yükselirken yıllık artış %2,5’e geriledi.
Veriler piyasa beklentileriyle büyük ölçüde uyumlu geldi. Bu nedenle enflasyon tarafında yeni bir şok oluşmadı.
Verinin ardından vadeli piyasalarda Fed’in eylül ayında faiz artırma ihtimali yaklaşık %40’a geriledi. Veri öncesinde bu oran yaklaşık %54 seviyesindeydi.
Normal şartlarda daha düşük faiz artışı beklentisi, Bitcoin gibi riskli varlıklar için destekleyici olabilir.
Ancak BTC’nin tepkisi sınırlı kaldı.
Bu durum, piyasada Fed beklentilerinin tek başına yeni bir yükseliş için yeterli olmadığını gösteriyor.
HYPE Yükseldi, Altcoinlerde Hareketlilik Arttı Bitcoin’in yatay seyrine rağmen altcoin piyasasında bazı tokenlar pozitif ayrıştı.
Hyperliquid (HYPE), büyük piyasa değerine sahip kripto paralar arasında en güçlü performanslardan birini göstererek yaklaşık %4,7 yükseldi.
Daha alt sıralarda ise hareket daha sert oldu. CoinMarketCap verilerine göre Velvet (VELVET) yüzde 23,76 yükselişle ilk 100 kripto para arasında günün en güçlü performansını gösterdi. Virtuals Protocol %9,86, OKB ise %9,19 yükseldi.
Ancak birkaç altcoinin yükselmesi, piyasanın genelinde yeni bir altcoin rotasyonu başladığı anlamına gelmiyor.
Şimdilik hareket seçici görünüyor.
Bitcoin ETF’lerinden 61,1 Milyon Dolarlık Çıkış Bitcoin’in 65.000 dolar üzerinde tutunamamasında kurumsal talep tarafındaki son gelişmeler de dikkat çekiyor.
Farside verilerine göre ABD’deki spot Bitcoin ETF’leri 12 Ağustos’ta toplam 61,1 milyon dolarlık net çıkış kaydetti. Fidelity’nin FBTC fonundan 46,8 milyon dolar, BlackRock’ın IBIT fonundan ise 14,3 milyon dolar çıkış gerçekleşti.
Buna karşılık spot Ether ETF’lerinde 7,4 milyon dolarlık net giriş görüldü. Bu girişin tamamı BlackRock’ın ETHA fonundan geldi.
Dolayısıyla kripto piyasasında kurumsal para akışı tamamen durmuş değil. Ancak son seansta Bitcoin ve Ether ETF’leri arasında belirgin bir ayrışma oluştu.
Bu ayrışmanın kalıcı olup olmayacağı, Bitcoin’in önümüzdeki günlerdeki performansı açısından önemli olacak.
Bitcoin İçin Sırada Hangi Veriler Var? Bitcoin açısından yeni hareketin oluşması için yatırımcıların gözü şimdi ABD’nin diğer ekonomik verilerine çevrildi.
Bugün açıklanacak Üretici Fiyat Endeksi (ÜFE), enflasyonun üretici tarafındaki seyrine ilişkin yeni bir ipucu verecek. Beklentilerdeki değişim, Fed’in eylül toplantısına yönelik fiyatlamayı da etkileyebilir.
Ardından piyasaların odağında Jackson Hole Ekonomi Politikası Sempozyumu, eylül ayı istihdam verisi ve ağustos TÜFE’si olacak.
Bitcoin için kritik nokta ise 65.000 dolar seviyesinin yeniden kazanılması.
TÜFE verisi piyasalardaki faiz artışı korkusunu azalttı ancak Bitcoin’i yeni bir yükseliş dalgasına taşıyamadı. ETF çıkışlarının devam etmesi halinde 65.000 dolar direncinin aşılması daha da zorlaşabilir. Buna karşılık kurumsal girişlerin yeniden güçlenmesi ve Fed beklentilerinin destekleyici kalması, Bitcoin’in bu seviyeyi yeniden test etmesini sağlayabilir.
Şimdilik piyasanın önündeki soru yalnızca “Bitcoin yükselecek mi?” değil:
65.000 dolar aşıldığında bu kez Bitcoin orada kalabilecek mi?
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Market expectations and market rallies often move hand in hand.
Keeping this in mind, the latest U.S. CPI data should have ideally triggered a stronger rally, especially with crypto consolidating in a tight range for over 6-7 weeks now.
Yet, the reaction was pretty muted, with Bitcoin [BTC] up just 0.5% and still capped below the $65k resistance. This came after U.S. CPI printed a 3.4% for July, exactly in line with expectations.
Further adding to the dovish expectations, market odds of a September rate hike fell to 34% after the U.S. CPI data was released.
This is the lowest probability of a September rate hike since the 17th of July, with odds now half of what they were on the 27th. In essence, rate hike expectations have cooled significantly.
Maksym Sakharov, co-founder and CEO of the debanking infrastructure provider WeFi, told AMBCrypto,
The softer print is welcome since the Fed will have more breathing room for deciding on a rate hike, but one release will not settle the argument over the inflation path due to pre-built volatility.
Source: Polymarket However, these macro tailwinds might just be the tip of the iceberg.
Across social media, the narrative around a “Bitcoin bottom” and a potential “short squeeze” is heating up. From BTC’s technical setup, these narratives aren’t completely far-fetched either.
Echoing a similar narrative, Matt Mena, Senior Crypto Research Strategist at 21Shares, told AMBCrypto,
Bitcoin is testing support above $64k, retesting the level in the last few minutes after CPI came in line with expectations. With the odds of a September hike now down 25% MoM, this could be the relief Bitcoin needed to break $64k and push toward $66k.
Bitcoin continues to trade in a choppy range, with short liquidity building up and over $2.5 billion more shorts than longs. At the same time, on-chain signals are starting to point toward a stronger bottom setup.
So, for the market to rally, analysts expect Bitcoin may first need to flush short liquidity before gaining enough momentum for a breakout. Notably, this is where the lack of momentum after the U.S. CPI release begins to add weight.
The data came in line with expectations, but it still wasn’t enough to trigger the momentum needed for a breakout.
Naturally, this raises the question: Are the “bottom” and “short squeeze” narratives being overhyped, with the actual bottom still further away?
Bitcoin fails to rally on soft U.S. CPI as capitulation risk builds The entire Bitcoin bottom thesis isn’t coming out of nowhere.
From an on-chain perspective, BTC has dropped into its “cost of production” zone, showing that BTC is trading closer to the level where miner profitability starts getting squeezed.
Historically, this zone has acted as a key trade of support and often signals that BTC is getting closer to a potential bottom. However, Kalshi traders are forecasting that BTC could close the month below $60k.
With ETF flows dominated by outflows, this further highlights the lack of buying momentum in the market despite the U.S. CPI release.
Notably, the stakes are getting higher as long-term holders’ unrealized losses continue to pile up. As the chart below highlights, BTC LTHs are now carrying deeper unrealized losses than the broader market. However, capitulation still hasn’t arrived.
Source: CryptoQuant According to AMBCrypto, this puts the entire BTC bottom narrative under scrutiny.
With accumulation signals still lacking, ETF outflows picking up, and BTC failing to rally after the U.S. CPI release, the market is starting to question the entire Bitcoin bottom thesis.
This is putting even more pressure on BTC’s LTH cohort. As their patience wears thin, capitulation could kick in sooner than expected.
This, in turn, supports Kalshi’s bearish outlook, with traders expecting BTC to close the month below $60k.
Long-Term Holder Losses Trigger Bottoming SignalA key Bitcoin on-chain indicator is flashing a familiar warning, one that has appeared around every major cycle bottom in the asset's history. According to CryptoQuant analyst MorenoDV, Bitcoin's adjusted Net Unrealized Profit/Loss (aNUPL) metric for long-term holders (LTH) has moved below zero and dropped beneath the broader market average, a shift that historically marks the late stages of a bear market.
FXStreet reported MorenoDV writing that "the market is no longer experiencing an ordinary correction; long-term capital is now being tested." Historically, major Bitcoin cycle bottoms have occurred when long-term holders were carrying deeper unrealized losses than the broader market, and the current structure therefore resembles conditions seen during previous macro bottoms.
The aNUPL metric is a refined version of the standard NUPL gauge. CryptoQuant's adjusted NUPL analysis, attributed to MorenoDV, suggests long-term holders are experiencing meaningful unrealized losses as $BTC trades well below its cycle peak. Adjusted NUPL measures unrealized profit and loss while reducing distortions from inactive supply.
Conditions Match History, but Confirmation Is Not Yet InWhile the setup is familiar, analysts caution that the current level of stress remains well short of true capitulation. In past cycle extremes, the relative unrealized loss figure has risen to more than 50 cents per dollar of Bitcoin value held. Glassnode wrote that while stress exists in the current market, the long-term holder base remains well removed from the pain levels that have historically marked cycle bottoms.
Fidelity Digital Assets data adds further context: as of early July 2026, long-term holder supply had reached a new all-time high, with nearly 15 million $BTC having remained unmoved for at least 155 days. While a portion of shorter-term holders may be capitulating due to leverage or broader market weakness, long-term holders have largely remained steadfast, even with nearly 40% of long-term holder supply held at an unrealized loss.
MorenoDV stopped short of calling a definitive bottom, noting that another leg lower could still be needed before the cycle truly turns. CryptoQuant's models point to September through November as the most probable window for a confirmed low. That view aligns with a broader analyst consensus. Glassnode shows 45 Bitcoin metrics in capitulation, marking the longest such stretch since the FTX collapse, with analysts Cowen, CryptoQuant, and Brandt targeting a September to October bottom.
For now, the on-chain picture suggests $BTC is in a transition zone: past the peak of easy profits, but not yet through the deep pain that typically precedes a durable recovery.
Sources:
FXStreet: Bitcoin Shows Early Signs of Bottom Despite Lingering Market Stress
Fidelity Digital Assets: Analyzing BTC's Long-Term Holder Supply
247 Wall St: Where Do Analysts Say Bitcoin Bottoms?
Key Highlights Bitcoin retreated to approximately $63,500 following in-line July CPI figures September Federal Reserve rate hike probability decreased from 46% to 38% post-data Cryptocurrency markets broadly declined, with Dogecoin losing close to 3% South Korea’s KOSPI confirmed bull market status with 20%+ climb from July bottom AI stocks Super Micro Computer and CoreWeave posted identical 19% gains on robust quarterly results The July inflation reading arrived precisely in line with analyst predictions, offering markets modest reassurance while failing to ignite significant upward momentum. Bitcoin experienced a marginal decline, equity indices remained largely unchanged, and market participants shifted their attention toward upcoming economic indicators.
Cryptocurrency Markets Respond to Inflation Print Bitcoin retreated toward $63,500 during Thursday trading, declining approximately 0.5% for the session and approaching 2% losses for the week. July’s Consumer Price Index registered a monthly increase of 0.1% with annual inflation reaching 3.4%. The core measure, excluding volatile food and energy components, advanced 0.2% monthly while moderating to 2.5% annually.
[[IMG_0]]Bitcoin (BTC) Price The figures aligned nearly perfectly with consensus estimates. While sufficient to alleviate immediate rate hike concerns, the data failed to spark meaningful buying across digital asset markets.
Derivatives markets adjusted September Federal Reserve rate hike probability downward to roughly 38% from the pre-release level of 46%. Gold appreciated 1.3% immediately following the announcement. Bitcoin temporarily posted modest gains around 0.5% before reversing course.
CF Benchmarks’ Gabe Selby observed that Bitcoin experiences significant volatility when inflation reports materially alter monetary policy expectations. He indicated that data matching forecasts eliminates downside risk without providing positive momentum.
Broader cryptocurrency weakness prevailed across major tokens. Dogecoin declined approximately 3% to 7 cents. XRP surrendered more than 1% to reach $1, extending weekly losses near 5%. Solana edged lower by under 1% to $76, while Ether dropped fractionally to $1,880.
Hyperliquid’s HYPE bucked the trend, advancing over 3% to $56. Tron registered modest appreciation to slightly below 34 cents.
Equity Markets Demonstrate Resilience U.S. equity index futures posted modest gains during Thursday’s premarket session, with S&P 500 futures climbing 0.1%, Nasdaq 100 futures advancing 0.16%, and Dow Jones futures trading approximately unchanged.
[[IMG_1]]E-Mini S&P 500 Sep 26 (ES=F) Wednesday’s regular session concluded with the S&P 500 gaining 0.26%. The Nasdaq Composite advanced 0.5%. The Dow Jones Industrial Average finished essentially flat.
Super Micro Computer and CoreWeave both surged 19% following impressive June quarter financial performance. The companies’ deep integration with artificial intelligence infrastructure bolstered investor confidence in technology sector valuations.
South Korean equity markets delivered exceptional performance. The KOSPI index rallied more than 20% above late-July troughs, meeting the technical definition of a bull market. Major contributors included Samsung Electronics and SK Hynix.
Earnings disappointments also emerged. Cisco retreated over 4% in extended trading after reporting lackluster results. Cerebras Systems plummeted 17% on weakening hardware revenue.
Market attention now turns toward the Jackson Hole central banking symposium scheduled for later this month, the September 4 employment report, and the September 11 inflation update as critical upcoming events.
July’s producer price index release was scheduled for Thursday and anticipated to provide additional insight into the Federal Reserve’s interest rate trajectory.
TLDR CEO Simon Gerovich clarified that Metaplanet transferred 5,014 BTC (valued at $322M) between company-controlled custody addresses rather than selling Company Bitcoin reserves stay unchanged at 43,000 BTC after the internal transfers The $322 million transfer incurred approximately $8 in blockchain transaction fees Japanese firm ranks as the world’s third-largest corporate Bitcoin holder, trailing Strategy and Twenty One Capital Acquisition roadmap aims for 100,000 BTC by late 2026 and 210,000 BTC by late 2027 On August 13, Metaplanet CEO Simon Gerovich publicly addressed market speculation surrounding significant Bitcoin movements from the Tokyo-based treasury company’s wallets.
“This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC,” Gerovich stated.
His clarification followed observations by blockchain analysts who detected substantial wallet activity associated with Metaplanet during a 24-hour window. Analytics platform Lookonchain identified 3,881 BTC departing from wallets connected to the firm, representing approximately $247 million in value.
We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours. This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC.
All of our addresses are published, which is why the transfers were observable in real time.…
— Simon Gerovich (@gerovich) August 12, 2026
The CEO subsequently revealed that the actual amount transferred totaled 5,014 BTC, approximately $322 million at current valuations. He emphasized that all Bitcoin remained within Metaplanet’s controlled custodial infrastructure.
Notably, transferring $322 million worth of Bitcoin across the network required only about $8 in mining fees.
What Triggered the Market Speculation Substantial Bitcoin movements from publicly identified corporate wallets typically generate immediate market scrutiny. Since Metaplanet discloses its wallet addresses, the transfers were immediately observable to blockchain monitoring services.
However, wallet transfers don’t necessarily indicate asset liquidation. Companies routinely move Bitcoin among cold storage solutions, custodial partners, or internal wallets while retaining complete ownership. Wednesday’s onchain activity revealed destination addresses but provided no evidence of conversion to fiat currency.
Similar incidents have occurred previously with Metaplanet. During March, the company relocated approximately 4,986 BTC valued near $368 million following an extended period of wallet dormancy. That movement also proved to be an internal transfer rather than a divestment.
Corporate disclosure records showed no Bitcoin sale announcements from Metaplanet as of August 13. The company’s most recent regulatory filing, dated August 10, pertained to an extraordinary shareholder assembly. Their last documented Bitcoin acquisition filing was submitted July 2.
Metaplanet’s Current Position in Bitcoin Treasury Rankings With 43,000 BTC under management, Metaplanet occupies the third position among publicly traded corporations worldwide in terms of Bitcoin reserves. Strategy dominates the rankings with 840,447 BTC, while Twenty One Capital holds second place with 43,514 BTC. Metaplanet trails Twenty One Capital by merely 514 BTC.
Bitcoin traded around $63,616 on August 13, significantly below Metaplanet’s disclosed average purchase price of approximately $96,191 per coin. Lookonchain calculated the company was holding roughly $1.4 billion in paper losses at current market levels. These represent unrealized losses on the balance sheet, distinct from actual realized losses since no assets were liquidated.
Metaplanet equity traded near 223 yen at 1:14 p.m. JST, showing a modest 0.9% gain for the session. The stock experienced no significant downward pressure after the CEO’s public statement.
Metaplanet Inc., 3350.T
While the company’s primary listing operates on the Tokyo Stock Exchange, American investors can access shares through OTCQX markets under ticker symbol MTPLF.
To reach its stated objective of 100,000 BTC by the conclusion of 2026, Metaplanet must acquire an additional 57,000 Bitcoin. The firm’s most recent confirmed acquisition occurred in July, when it elevated total holdings to 43,000 BTC through a 2,823 BTC purchase during the second quarter.
Beyond treasury accumulation strategy, Metaplanet introduced a 4 billion yen Bitcoin venture program in March focused on financial infrastructure development within Japan. As of August 13, the sole official statement regarding the recent transfers remains Gerovich’s confirmation: a standard custody operation with zero impact on treasury holdings.
Key Highlights Bitcoin retreated to approximately $63,500 following July’s inflation report matching expectations September Federal Reserve rate hike probability decreased from 46% to 38% post-data Cryptocurrency markets showed broad weakness, with Dogecoin declining nearly 3% South Korean KOSPI confirmed bull market status, climbing more than 20% from July bottom AI powerhouses Super Micro Computer and CoreWeave rallied 19% on robust quarterly results Thursday’s inflation release confirmed economist predictions, offering markets modest reassurance while failing to ignite significant upward momentum. Bitcoin experienced minor weakness, equity indices remained largely unchanged, and investors turned their attention to upcoming economic indicators.
Cryptocurrency Markets Respond to Inflation Numbers Bitcoin traded around $63,500 Thursday, declining roughly 0.5% intraday and approaching a 2% weekly loss. July’s Consumer Price Index revealed headline inflation advancing 0.1% monthly and 3.4% annually. The core measure, excluding volatile food and energy components, increased 0.2% while moderating to 2.5%.
Bitcoin (BTC) Price The figures aligned nearly perfectly with analyst projections. While sufficient to ease immediate tightening concerns, the data lacked the punch needed to spark widespread digital asset strength.
Derivatives markets reduced September Federal Reserve rate increase probability to approximately 38% from 46% prior to publication. Gold climbed 1.3% immediately following the announcement. Bitcoin posted temporary gains near 0.5% before reversing course.
CF Benchmarks’ Gabe Selby observed that Bitcoin demonstrates strongest reactions when inflation readings compel meaningful monetary policy reassessments. According to Selby, consensus-matching reports eliminate downside risks without generating standalone momentum.
Broader cryptocurrency weakness prevailed across alternative tokens. Dogecoin tumbled nearly 3% to 7 cents. XRP decreased over 1% to $1, extending weekly losses approaching 5%. Solana edged lower by under 1% to $76, while Ether slipped marginally to $1,880.
Hyperliquid’s HYPE token bucked the trend, advancing over 3% to $56. Tron registered modest gains, reaching just below 34 cents.
Equity Indices Display Resilience American equity index futures registered modest advances during Thursday’s premarket session, with S&P 500 futures climbing 0.1%, Nasdaq 100 futures gaining 0.16%, while Dow Jones futures held relatively unchanged.
E-Mini S&P 500 Sep 26 (ES=F) Wednesday’s regular session saw the S&P 500 advance 0.26%. The Nasdaq Composite posted 0.5% gains. The Dow Jones Industrial Average finished unchanged.
Super Micro Computer and CoreWeave each surged 19% following impressive June quarter financial performance. Both organizations maintain deep artificial intelligence sector exposure, with their results reinforcing technology sector valuation support.
South Korean equities emerged as notable outperformers. The KOSPI benchmark climbed over 20% from late-July troughs, officially entering bull territory. Samsung Electronics and SK Hynix led the advance among major contributors.
Earnings disappointments emerged elsewhere. Cisco declined over 4% in extended trading after publishing lackluster results. Cerebras Systems plunged 17% on weakening hardware revenue.
Market participants are now focused on late-August’s Jackson Hole central banking symposium, September 4’s employment report, and September 11’s CPI release as potential market-moving events.
Thursday’s scheduled producer price index data for July was anticipated to provide additional interest rate trajectory insights.
Bitcoin (BTC) has fallen into its cost of production zone, a level that has historically marked the bottom during previous bear markets. The largest cryptocurrency is currently trading between $63,000 and $64,000, a range it has maintained for several days.
Market performance and investor sentimentBTC has now declined almost 50% from its 2025 all-time high, raising concerns among some investors regarding its near-term trajectory. As the price approaches breakeven levels for many miners, market participants are watching for signs that a new bottom may have formed.
Bitcoin has dropped down to its cost of production zone, a level historically associated with bear-market bottoms.
Bitcoin’s cost of production refers to the estimated minimum price required for miners to remain profitable, factoring in electricity and equipment expenses. This zone often acts as a psychological and technical floor during extended price corrections.
Mini dictionary: Cost of production zone, the approximate price level at which Bitcoin mining becomes unprofitable for most miners, often referenced as a potential support level during bear markets.
Factors influencing Bitcoin’s potential recoverySeveral factors could shape BTC’s price movement in the coming months. Industry analysts point first to a liquidity drain in the cryptocurrency market earlier this year, which coincided with increased capital flows into the stock market, particularly shares of artificial intelligence (AI) companies. AI-related memory chips saw strong growth, but experts indicate this cycle may have reached its peak, which could trigger a reversal and renewed interest in digital assets.
In addition, easing inflation rates over the past months have raised the possibility that the US Federal Reserve could lower interest rates. Rate cuts typically encourage risk-taking among investors, potentially boosting demand for volatile assets like BTC.
Geopolitical dynamics may also impact sentiment. The ongoing conflict between the United States and Iran is reportedly approaching resolution, as President Trump has stated an intention to finalize a peace agreement that would reopen the Strait of Hormuz. Stabilized oil prices and improved geopolitical stability could bolster investor confidence in global markets, including cryptocurrencies.
Bitcoin’s historical performance and cyclical trendsBTC historically displays a four-year cycle, according to multiple analysts. The coin reached successive all-time highs in 2017, 2021, and most recently in 2025. Many anticipate this rhythm could continue, projecting a potential new peak in 2029. However, several experts caution that any sustained rally may not begin until closer to 2027, depending on a range of macroeconomic and geopolitical developments.
Market observers remain divided on the immediate outlook, but several are closely monitoring signs that could indicate a turnaround, such as renewed inflows, improved risk appetite, and resolution of major international tensions.
YearAll-Time HighApproximate Decline After Peak2017$19,700~84%2021$69,000~75%2025$127,000*~50%*2025 ATH is an illustrative placeholder; actual peak data may vary by source.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He ...
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He had to sell Bored Ape #5715 for just 8.3 $ETH ($15,570), which he bought for 34.17 $ETH 3 years ago, to keep his $ETH long going. Current position: 2,800 $ETH($5.3M) Liquidation price: $1,863.08
14 minutes ago
Crypto influencer 'Maji Big Brother' withdrew only 1,540 USDC from Binance and sold Bored Ape Yacht Club (BAYC) NFTs to maintain his long Ethereum (ETH) position.
According to monitoring by OnchainDataNerd, Maji Big Brother may face increased financial pressure recently, having withdrawn just 1,540 USDC from Binance. Meanwhile, to maintain his long Ethereum (ETH) position, he sold Bored Ape Yacht Club #5715 for 8.3 ETH (≈$15,600) — an NFT he purchased three years ago for 34.17 ETH. His current long ETH position stands at 2,800 ETH, valued at roughly $5.3 million, with a liquidation price of $1,863.08.
14 minutes ago
AI chip maker Cerebras Systems falls 17.3% in pre-market trading on US stocks.
According to BIT (Bit.com) market data, shares of AI chip maker Cerebras Systems fell 17.3% in pre-market trading on US stocks, as the company's second-quarter revenue missed expectations.
14 minutes ago
Changxin Technology has surpassed Tencent Holdings to become China’s largest listed company by market capitalization.
Changxin Technology closed today with a market capitalization of 3.54 trillion yuan. As of Hong Kong's market close, Tencent Holdings (00700.HK) fell 4.46%, posting a market cap of 4 trillion Hong Kong dollars, equivalent to approximately 3.44 trillion yuan. Changxin Technology has surpassed Tencent to become China's largest listed company by market capitalization.
14 minutes ago
Iran: Will Wear Down the U.S. Through a Protracted War
In an interview broadcast on U.S. public television PBS on August 11 local time, Mohammad Reza Naghdi, advisor to the commander-in-chief of Iran’s Islamic Revolutionary Guard Corps (IRGC), stated that the two main goals of the U.S. war against Iran—overthrowing Iran’s leadership and splitting the country—have “already failed,” adding that “victory is on Iran’s side.” Naghdi pointed out that the U.S. has displayed confusion and uncertainty in this conflict, saying, “The U.S. keeps announcing new goals every few days, turning this into a war without strategy.” He also emphasized that Iran will continue to achieve victories. Over more than five months of confrontation with the U.S., Iran has not only accumulated experience but also found that U.S. military forces are weaker than expected. Iran must achieve deterrence to ensure enemies never dare attack it again, and one way to do this is to “prolong the war” to wear down the U.S., so that anyone considering attacking Iran in the future “will first weigh the cost they will have to pay.” (Source: CCTV International News)
14 minutes ago
South Korea's sovereign wealth fund KIC has made its first investment in Circle, holding a stake valued at $4.1 million in the second quarter.
Korea Investment Corporation (KIC) has made its first investment in Circle, a stablecoin issuer. Data disclosed by the U.S. Securities and Exchange Commission (SEC) shows that as of the second quarter of 2026, KIC held 65,443 shares of Circle, with a holding value of approximately $4.099 million (equivalent to about 5.83 billion South Korean won). Previously, KIC’s holdings of crypto-asset-related companies included Strategy, Coinbase, Block, Robinhood, and Riot Platforms. In Q2 2026, KIC reduced its stakes in Strategy, Coinbase, and Riot Platforms, while increasing positions in Block and Robinhood. The total value of its related U.S. stock holdings rose 27% from $132 million in Q1 to $168 million. Specifically, Strategy’s holding value dropped 32% from $10.61 million to $7.17 million; Coinbase’s fell 30% from $52.99 million to $36.93 million; Block’s surged 58% from $17.25 million to $27.34 million; Robinhood’s jumped 92% from $45.88 million to $87.96 million; and Riot’s rose 70% from $4.95 million to $8.42 million.
The release of US inflation data on August 12 did not provide markets with the much-expected positive signal. Indeed, there is a slowdown in price increases, not forgetting the Fed’s reservations on the economic trajectory. Bitcoin investors hesitate to adopt an aggressive accumulation policy. The crypto market thus remains dependent on upcoming economic data and, above all, on how the Federal Reserve chooses to interpret them.
In brief American inflation slows to 3.4% year-on-year, driven by Core CPI at 2.5% and a temporary drop in energy prices (-1.5%). Housing costs (+0.1%) alone generate nearly two-thirds of the monthly increase in the overall index. Despite the monthly respite, gasoline remains up 24.6% year-on-year, keeping Brent crude around $91. Without a clear catalyst, BTC stagnates within the narrow range of $63,800 to $64,300, ignoring the rise in stock markets. American inflation slows Thanks to official information published on August 12 by the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose by 0.1% in July based on a seasonally adjusted basis. This progression strictly conforms to forecasts by US stock market analysts. The pace of annual inflation is thus brought down to 3.4% from 3.5% in June and a peak in May of 4.2%. It is appropriate to exclude volatile categories such as food and energy from the calculations of the core indicator. The latter records a monthly increase of 0.2% and 2.5% on the year.
Thus, this annual change of the underlying inflation component fits into the moderate measures observed since January 2021. Indeed, the housing component is the driving catalyst of the price rebound within this general dynamic. Two-thirds of the monthly increase in the overall index have been generated by housing-related costs. This increase is therefore driven by a 0.3% rise in rents and equivalent owner rents. There is also a slight 0.1% increase in food prices due to a 0.3% rise in dining out, while basic supermarket food products saw a 0.1% decrease.
The temporary relief offered by the energy sector in July explains this statistical respite. According to official data, the overall energy index fell by 1.5% month-over-month. This decrease is driven by a 2.9% drop in gasoline pump prices after seasonal adjustments. However, various expenditure items related to essential services have sustainably pushed the core indicator upward.
The combination of these incompatible factors automatically triggered a buying reaction on futures contracts related to US stock indices before market opening. Such a combination illustrates investors’ relief.
The correct breakdown of main variations observed by economic component allows measuring the exact structure of the July inflation report :
Overall CPI : +0.1% month-on-month (+3.4% year-on-year, down from 3.5% in June) ; Core CPI excluding food and energy : +0.2% month-on-month (+2.5% year-on-year) ; Housing sector : +0.1% month-on-month, generating nearly two-thirds of the overall monthly increase ; Energy sector : -1.5% month-on-month, driven by a 2.9% drop in gasoline prices ; Services and transportation : +2.2% for airfare, +0.4% for medical care, and +0.4% for used vehicles. Energy Risk and the Federal Reserve An obvious threat continually hangs over the long-term economic trajectory, given the energy crisis earlier this year, despite the indisputable relief brought to monetary authorities by the monthly figures. The energy sector remains significantly up 14.7% over the rolling twelve-month period, although gasoline prices show a spectacular annual increase of 24.6%. These statistics bear the scars of the oil shock linked to geopolitical tensions observed in the Middle East as well as logistical disruptions seen in the first half of the year.
While Brent crude stabilizes around $91 and West Texas Intermediate trades near $83, the Fed finds itself in an uncomfortable position. Following the maintenance of its key rate in the 3.50% to 3.75% range in July, many internal divisions are evident at the US central bank. Such situations are confirmed by the dissenting vote of three governors. Indeed, these members advocate for monetary tightening. Officials have stressed that a succession of several consecutive months of decline would be necessary before asserting a durable decrease of inflation to 2%.
Prospects of short-term rate declines are immediately restrained by an uncertain macroeconomic environment. Thus, investors must take into account the Federal Reserve’s decisions forced to maintain a restrictive stance as long as energy and services threaten to bring back inflationary pressures. Also, the slight decrease in real hourly wages, given the rising cost of living at certain indicators, contributes to the deterioration of households’ real purchasing power. In such a context where capital costs remain high and overall demand shows signs of fatigue, global liquidity struggles to flow towards more speculative markets.
Bitcoin stagnation around $64,000 The crypto market shows remarkable resilience to these macroeconomic difficulties. This apathy sharply contrasts with the significant volatility observed after previous economic data releases. Upon announcement of the report figures, bitcoin remained stable. It gave up 0.4% before stabilizing in a range between $63,800 and $64,300, after briefly touching the lower $63,000 range. Thus, there is a phase of accumulation in the $60,000 zone for the main cryptocurrency.
In this perspective, investors avoid committing heavily without obtaining clear and solid guarantees on the evolution of monetary policy. Moreover, the absence of a clear catalyst in the market reveals a waning of flows, while the bitcoin market wavers under the repercussions of liquidity conditions. In the absence of a monetary easing signal from the Federal Reserve or a drop in energy prices, the crypto market in general, and bitcoin in particular, could continue evolving in an uncertain dynamic.
The coming days will be more than decisive. They will allow us to know whether the current stagnation of the bitcoin price signals a correction or a new accumulation phase before a probable rebound. The true test is now set for September 11, 2026, when the US government will release inflation figures for the month of August.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He ...
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He had to sell Bored Ape #5715 for just 8.3 $ETH ($15,570), which he bought for 34.17 $ETH 3 years ago, to keep his $ETH long going. Current position: 2,800 $ETH($5.3M) Liquidation price: $1,863.08
14 minutes ago
Crypto influencer 'Maji Big Brother' withdrew only 1,540 USDC from Binance and sold Bored Ape Yacht Club (BAYC) NFTs to maintain his long Ethereum (ETH) position.
According to monitoring by OnchainDataNerd, Maji Big Brother may face increased financial pressure recently, having withdrawn just 1,540 USDC from Binance. Meanwhile, to maintain his long Ethereum (ETH) position, he sold Bored Ape Yacht Club #5715 for 8.3 ETH (≈$15,600) — an NFT he purchased three years ago for 34.17 ETH. His current long ETH position stands at 2,800 ETH, valued at roughly $5.3 million, with a liquidation price of $1,863.08.
14 minutes ago
AI chip maker Cerebras Systems falls 17.3% in pre-market trading on US stocks.
According to BIT (Bit.com) market data, shares of AI chip maker Cerebras Systems fell 17.3% in pre-market trading on US stocks, as the company's second-quarter revenue missed expectations.
14 minutes ago
Changxin Technology has surpassed Tencent Holdings to become China’s largest listed company by market capitalization.
Changxin Technology closed today with a market capitalization of 3.54 trillion yuan. As of Hong Kong's market close, Tencent Holdings (00700.HK) fell 4.46%, posting a market cap of 4 trillion Hong Kong dollars, equivalent to approximately 3.44 trillion yuan. Changxin Technology has surpassed Tencent to become China's largest listed company by market capitalization.
14 minutes ago
Iran: Will Wear Down the U.S. Through a Protracted War
In an interview broadcast on U.S. public television PBS on August 11 local time, Mohammad Reza Naghdi, advisor to the commander-in-chief of Iran’s Islamic Revolutionary Guard Corps (IRGC), stated that the two main goals of the U.S. war against Iran—overthrowing Iran’s leadership and splitting the country—have “already failed,” adding that “victory is on Iran’s side.” Naghdi pointed out that the U.S. has displayed confusion and uncertainty in this conflict, saying, “The U.S. keeps announcing new goals every few days, turning this into a war without strategy.” He also emphasized that Iran will continue to achieve victories. Over more than five months of confrontation with the U.S., Iran has not only accumulated experience but also found that U.S. military forces are weaker than expected. Iran must achieve deterrence to ensure enemies never dare attack it again, and one way to do this is to “prolong the war” to wear down the U.S., so that anyone considering attacking Iran in the future “will first weigh the cost they will have to pay.” (Source: CCTV International News)
14 minutes ago
South Korea's sovereign wealth fund KIC has made its first investment in Circle, holding a stake valued at $4.1 million in the second quarter.
Korea Investment Corporation (KIC) has made its first investment in Circle, a stablecoin issuer. Data disclosed by the U.S. Securities and Exchange Commission (SEC) shows that as of the second quarter of 2026, KIC held 65,443 shares of Circle, with a holding value of approximately $4.099 million (equivalent to about 5.83 billion South Korean won). Previously, KIC’s holdings of crypto-asset-related companies included Strategy, Coinbase, Block, Robinhood, and Riot Platforms. In Q2 2026, KIC reduced its stakes in Strategy, Coinbase, and Riot Platforms, while increasing positions in Block and Robinhood. The total value of its related U.S. stock holdings rose 27% from $132 million in Q1 to $168 million. Specifically, Strategy’s holding value dropped 32% from $10.61 million to $7.17 million; Coinbase’s fell 30% from $52.99 million to $36.93 million; Block’s surged 58% from $17.25 million to $27.34 million; Robinhood’s jumped 92% from $45.88 million to $87.96 million; and Riot’s rose 70% from $4.95 million to $8.42 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
In the cryptocurrency market, Bitcoin’s price movements have begun to resemble behavior seen in the final stages of past bear markets. According to crypto analyst Murphy, Bitcoin has struggled to sustainably break above $67,900, a significant technical resistance level, for the past two months.
Murphy noted that this level is particularly critical for short-term investors. According to the analyst, the $67,900 level represents the average cost for investors who have held Bitcoin for less than three months. Therefore, the inability of the price to break above this region indicates that short-term investor behavior is still exerting pressure on the market.
The analyst stated that in the later stages of bear markets, short-term investor activity typically decreases, leading to a flattening of the average cost curve. According to Murphy, a similar pattern is emerging in the current cycle. As Bitcoin remains stuck within a specific price range, changes in investor costs are also quite limited.
Murphy also drew attention to the final phases of the 2018 and 2022 bear markets. He noted that in both cycles, similar price behavior persisted for approximately three months, after which major market events triggered sharp price movements. In 2018, the hash power dispute on the Bitcoin Cash network, and in 2022, the FTX exchange crash, created high volatility in the market.
Murphy argued that the current outlook points to a similar phase, stating that uncertainty could persist as long as Bitcoin fails to break through its critical resistance level. According to the analyst, the market is currently in a sensitive period where volatility could rapidly increase in either direction should a significant external development occur. Therefore, investors should closely monitor both macroeconomic developments and intra-sector risks.
*This is not investment advice.
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It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He ...
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He had to sell Bored Ape #5715 for just 8.3 $ETH ($15,570), which he bought for 34.17 $ETH 3 years ago, to keep his $ETH long going. Current position: 2,800 $ETH($5.3M) Liquidation price: $1,863.08
14 minutes ago
Crypto influencer 'Maji Big Brother' withdrew only 1,540 USDC from Binance and sold Bored Ape Yacht Club (BAYC) NFTs to maintain his long Ethereum (ETH) position.
According to monitoring by OnchainDataNerd, Maji Big Brother may face increased financial pressure recently, having withdrawn just 1,540 USDC from Binance. Meanwhile, to maintain his long Ethereum (ETH) position, he sold Bored Ape Yacht Club #5715 for 8.3 ETH (≈$15,600) — an NFT he purchased three years ago for 34.17 ETH. His current long ETH position stands at 2,800 ETH, valued at roughly $5.3 million, with a liquidation price of $1,863.08.
14 minutes ago
AI chip maker Cerebras Systems falls 17.3% in pre-market trading on US stocks.
According to BIT (Bit.com) market data, shares of AI chip maker Cerebras Systems fell 17.3% in pre-market trading on US stocks, as the company's second-quarter revenue missed expectations.
14 minutes ago
Changxin Technology has surpassed Tencent Holdings to become China’s largest listed company by market capitalization.
Changxin Technology closed today with a market capitalization of 3.54 trillion yuan. As of Hong Kong's market close, Tencent Holdings (00700.HK) fell 4.46%, posting a market cap of 4 trillion Hong Kong dollars, equivalent to approximately 3.44 trillion yuan. Changxin Technology has surpassed Tencent to become China's largest listed company by market capitalization.
14 minutes ago
Iran: Will Wear Down the U.S. Through a Protracted War
In an interview broadcast on U.S. public television PBS on August 11 local time, Mohammad Reza Naghdi, advisor to the commander-in-chief of Iran’s Islamic Revolutionary Guard Corps (IRGC), stated that the two main goals of the U.S. war against Iran—overthrowing Iran’s leadership and splitting the country—have “already failed,” adding that “victory is on Iran’s side.” Naghdi pointed out that the U.S. has displayed confusion and uncertainty in this conflict, saying, “The U.S. keeps announcing new goals every few days, turning this into a war without strategy.” He also emphasized that Iran will continue to achieve victories. Over more than five months of confrontation with the U.S., Iran has not only accumulated experience but also found that U.S. military forces are weaker than expected. Iran must achieve deterrence to ensure enemies never dare attack it again, and one way to do this is to “prolong the war” to wear down the U.S., so that anyone considering attacking Iran in the future “will first weigh the cost they will have to pay.” (Source: CCTV International News)
14 minutes ago
South Korea's sovereign wealth fund KIC has made its first investment in Circle, holding a stake valued at $4.1 million in the second quarter.
Korea Investment Corporation (KIC) has made its first investment in Circle, a stablecoin issuer. Data disclosed by the U.S. Securities and Exchange Commission (SEC) shows that as of the second quarter of 2026, KIC held 65,443 shares of Circle, with a holding value of approximately $4.099 million (equivalent to about 5.83 billion South Korean won). Previously, KIC’s holdings of crypto-asset-related companies included Strategy, Coinbase, Block, Robinhood, and Riot Platforms. In Q2 2026, KIC reduced its stakes in Strategy, Coinbase, and Riot Platforms, while increasing positions in Block and Robinhood. The total value of its related U.S. stock holdings rose 27% from $132 million in Q1 to $168 million. Specifically, Strategy’s holding value dropped 32% from $10.61 million to $7.17 million; Coinbase’s fell 30% from $52.99 million to $36.93 million; Block’s surged 58% from $17.25 million to $27.34 million; Robinhood’s jumped 92% from $45.88 million to $87.96 million; and Riot’s rose 70% from $4.95 million to $8.42 million.
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He ...
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He had to sell Bored Ape #5715 for just 8.3 $ETH ($15,570), which he bought for 34.17 $ETH 3 years ago, to keep his $ETH long going. Current position: 2,800 $ETH($5.3M) Liquidation price: $1,863.08
14 minutes ago
Crypto influencer 'Maji Big Brother' withdrew only 1,540 USDC from Binance and sold Bored Ape Yacht Club (BAYC) NFTs to maintain his long Ethereum (ETH) position.
According to monitoring by OnchainDataNerd, Maji Big Brother may face increased financial pressure recently, having withdrawn just 1,540 USDC from Binance. Meanwhile, to maintain his long Ethereum (ETH) position, he sold Bored Ape Yacht Club #5715 for 8.3 ETH (≈$15,600) — an NFT he purchased three years ago for 34.17 ETH. His current long ETH position stands at 2,800 ETH, valued at roughly $5.3 million, with a liquidation price of $1,863.08.
14 minutes ago
AI chip maker Cerebras Systems falls 17.3% in pre-market trading on US stocks.
According to BIT (Bit.com) market data, shares of AI chip maker Cerebras Systems fell 17.3% in pre-market trading on US stocks, as the company's second-quarter revenue missed expectations.
14 minutes ago
Changxin Technology has surpassed Tencent Holdings to become China’s largest listed company by market capitalization.
Changxin Technology closed today with a market capitalization of 3.54 trillion yuan. As of Hong Kong's market close, Tencent Holdings (00700.HK) fell 4.46%, posting a market cap of 4 trillion Hong Kong dollars, equivalent to approximately 3.44 trillion yuan. Changxin Technology has surpassed Tencent to become China's largest listed company by market capitalization.
14 minutes ago
Iran: Will Wear Down the U.S. Through a Protracted War
In an interview broadcast on U.S. public television PBS on August 11 local time, Mohammad Reza Naghdi, advisor to the commander-in-chief of Iran’s Islamic Revolutionary Guard Corps (IRGC), stated that the two main goals of the U.S. war against Iran—overthrowing Iran’s leadership and splitting the country—have “already failed,” adding that “victory is on Iran’s side.” Naghdi pointed out that the U.S. has displayed confusion and uncertainty in this conflict, saying, “The U.S. keeps announcing new goals every few days, turning this into a war without strategy.” He also emphasized that Iran will continue to achieve victories. Over more than five months of confrontation with the U.S., Iran has not only accumulated experience but also found that U.S. military forces are weaker than expected. Iran must achieve deterrence to ensure enemies never dare attack it again, and one way to do this is to “prolong the war” to wear down the U.S., so that anyone considering attacking Iran in the future “will first weigh the cost they will have to pay.” (Source: CCTV International News)
14 minutes ago
South Korea's sovereign wealth fund KIC has made its first investment in Circle, holding a stake valued at $4.1 million in the second quarter.
Korea Investment Corporation (KIC) has made its first investment in Circle, a stablecoin issuer. Data disclosed by the U.S. Securities and Exchange Commission (SEC) shows that as of the second quarter of 2026, KIC held 65,443 shares of Circle, with a holding value of approximately $4.099 million (equivalent to about 5.83 billion South Korean won). Previously, KIC’s holdings of crypto-asset-related companies included Strategy, Coinbase, Block, Robinhood, and Riot Platforms. In Q2 2026, KIC reduced its stakes in Strategy, Coinbase, and Riot Platforms, while increasing positions in Block and Robinhood. The total value of its related U.S. stock holdings rose 27% from $132 million in Q1 to $168 million. Specifically, Strategy’s holding value dropped 32% from $10.61 million to $7.17 million; Coinbase’s fell 30% from $52.99 million to $36.93 million; Block’s surged 58% from $17.25 million to $27.34 million; Robinhood’s jumped 92% from $45.88 million to $87.96 million; and Riot’s rose 70% from $4.95 million to $8.42 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Suddenly, 262.2 BTC, or roughly $16.6 million at current prices, was transferred from a Bitcoin address identified as belonging to the North Korea-affiliated Lazarus Group. Although the structure of the transaction does not yet appear to be a simple liquidation of the group's Bitcoin holdings, it still merits attention.
Restructuring their holdingsThe transaction shows 262.20040151 BTC leaving bc1q62cl...ddkteq and being divided between two new addresses. Approximately 182.2 BTC went to bc1qwnah...ld5g2xy5, while exactly 80 BTC was transferred to bc1qxdkk...0874k9zs.
BTC/USDT Chart by TradingViewSince the provided transaction data does not show an exchange destination, the transfer itself cannot be interpreted as proof that Lazarus is selling $16.6 million worth of Bitcoin. Rather, the movement is similar to the first phases of fund redistribution: transferring holdings between new addresses before further transactions decide where they will ultimately end up.
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This behavior is in line with the more general issue that investigators encounter when tracking cryptocurrencies connected to Lazarus. According to court documents, Lazarus/APT38 and other North Korean hacking groups run networks of wallets that are used to transfer money obtained from cyberattacks.
Could it be a simple washing?According to research, Lazarus-linked Bitcoin addresses are not just wallets that instantly send money to exchanges, but rather parts of larger money laundering networks. However, there is little immediate significance for the price of Bitcoin. The current price of Bitcoin is around $63,800, so a movement of 262 BTC is equivalent to about $16.7 million.
In comparison to the typical market liquidity of Bitcoin, even if the whole amount were eventually sold, that would still be quite little. There is also no clear response to the transfer on the price chart. With a short-term average of about $64,000 and a 50-day moving average of about $63,400, Bitcoin is still concentrated between $63,000 and $65,000.
About $66,600 and $71,900 are still the higher resistance levels. As a result, this transaction is much less important than the ones that follow. The movement would appear more and more like a liquidation or money laundering sequence if the two receiving wallets started splitting the Bitcoin further, interacting with more intermediary addresses, or eventually depositing funds into exchanges.
Although the blockchain evidence does not yet indicate that Lazarus is selling its Bitcoin, it currently appears to be moving its Bitcoin.
Bitcoin, son günlerde düşük volatiliteyle sıkışık bir görünüm sergilerken piyasa yeni ve sert bir fiyat hareketine hazırlanıyor olabilir. 10 Ağustos Pazartesi günü ABD spot Bitcoin ETF’lerinde 144,6 milyon dolarlık net çıkış gerçekleşti. Böylece beş işlem günü boyunca devam eden ve toplam 865,3 milyon dolarlık giriş sağlayan pozitif seri sona erdi.
Aynı dönemde BTC, pazar günü gördüğü 65.474 dolarlık yerel zirveden yüzde 3’ün biraz üzerinde geriledi. 65.000-67.000 dolar bölgesi önemli bir arz alanı olarak öne çıkarken, Bitcoin’in bu seviyeyi aşamaması satıcıların piyasadaki etkisini koruduğuna işaret etti.
Bitcoin Neden Büyük Bir Fiyat Hareketine Hazırlanıyor? Bitcoin grafiğindeki uzun vadeli aşağı yönlü görünüm henüz tamamen ortadan kalkmış değil. Özellikle aşağıdaki likidasyon seviyeleri fiyatı 57.000 dolar bölgesine çekebilecek potansiyel bir mıknatıs görevi görebilir.
Spot ETF akışlarının yeniden negatife dönmesi de bu riskleri artırıyor. Bununla birlikte piyasanın asıl dikkat çeken özelliği fiyatın yönünden çok volatilitenin olağanüstü şekilde sıkışmış olması.
Bollinger Bantları, piyasadaki fiyat oynaklığını ölçmek için kullanılan önemli göstergelerden biri. Bantların daralması volatilitenin azaldığını gösterirken, mevcut bant genişliği yalnızca yüzde 3,8 seviyesinde bulunuyor.
Kripto analisti Axel Adler Jr.’ın değerlendirmesine göre bu oran yaklaşık iki yılın en düşük seviyeleri arasında yer alıyor. Tarihsel olarak bu ölçekteki volatilite sıkışmaları, sonrasında güçlü bir volatilite genişlemesinin ortaya çıkabileceğine işaret ediyor.
Teknik Göstergeler Yön Konusunda Ne Söylüyor? Piyasa gücünü ölçmek için kullanılan ADX göstergesi de Bitcoin’de belirgin bir trend olmadığını ortaya koyuyor. Gösterge 11 seviyesinde bulunurken, güçlü bir trendin başladığını gösteren kritik eşik 25 olarak kabul ediliyor.
Ayrıca +DI ve -DI çizgileri birbirine oldukça yakın hareket ediyor. Bu tablo, boğaların veya ayıların henüz belirgin bir üstünlük kuramadığını gösteriyor.
Dolayısıyla mevcut kripto para piyasası koşullarında temel soru, Bitcoin’in hareket edip etmeyeceğinden ziyade hareketin hangi yönde gerçekleşeceği. Volatilitenin bu kadar sıkışması, önümüzdeki haftalarda sert bir kırılma ihtimalini artırıyor.
Bitcoin İçin 60 Bin Dolar Neden Kritik? Piyasanın aşağı yönlü senaryosunu değerlendiren analist Moreno, uzun vadeli yatırımcıların gerçekleşmemiş kâr ve zarar durumunu inceleyen düzeltilmiş Net Gerçekleşmemiş Kâr/Zarar (aNUPL) verisine dikkat çekiyor.
Uzun vadeli yatırımcıları temsil eden aLTH NUPL göstergesi piyasa ortalamasının altında bulunuyor ve negatif bölgeye geçmiş durumda. Bu durum, uzun vadeli yatırımcıların ellerindeki Bitcoin üzerinde gerçekleşmemiş zarar taşıdığını gösteriyor.
Önceki piyasa döngülerindeki diplerde bu gösterge çok daha düşük seviyelere gerilemişti. Bu nedenle mevcut tablo iki farklı şekilde yorumlanabilir: Piyasanın gerçek bir dip oluşturması için yeni ve sert bir satış dalgası gerekebilir ya da kurumsal yatırımcılar ve şirket hazinelerindeki Bitcoin talebi mevcut arzı daha erken absorbe etmiş olabilir.
Bitcoin’in 60.000 doların altına gerilemesi ve aLTH NUPL göstergesinin daha da düşmesi ilk senaryoyu güçlendirecek. Buna karşılık göstergenin yeniden sıfıra yaklaşması, uzun vadeli yatırımcılar üzerindeki baskının azaldığını gösterebilir.
Bitcoin İçin Sıradaki Seviyeler Hangileri? Mevcut görünümde 65.000-67.000 dolar bölgesi yukarı yönde aşılması gereken önemli direnç alanı olarak öne çıkıyor. Aşağıda ise 60.000 dolar seviyesi kritik bir eşik oluştururken, daha derin bir satış senaryosunda 57.000 dolar civarındaki likidasyon seviyeleri önem kazanıyor.
ETF akışları, aLTH NUPL ve volatilite göstergeleri birlikte değerlendirildiğinde Bitcoin piyasasında belirgin bir yön eksikliği görülüyor. Ancak düşük volatilite, uzun süre aynı şekilde devam etmek zorunda değil.
Önümüzdeki güçlü volatilite genişlemesi, piyasanın mevcut döngüsünde dip oluşup oluşmadığına ilişkin tartışmayı da netleştirebilir.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
13 August 2026 | 11:20 Bitcoin enters Thursday's US producer inflation report at an awkward point on the daily chart, sitting just above its strongest nearby support while a heavy resistance cluster waits roughly $3,500 higher.
Key Takeaways Bitcoin is holding key daily support. $67,200 remains the main resistance zone. PPI might decide which level breaks first. The macro backdrop shifted yesterday after US CPI eased to 3.4% in July from 3.5% in June. Core inflation slipped to 2.5%, while monthly headline and core prices rose 0.1% and 0.2%, respectively.
Attention now turns to producer prices, where the inflation picture looks less settled.
PPI Is the Next Test After Softer CPI The Bureau of Labor Statistics will release July PPI at 8:30 a.m. ET. Consensus points to a 0.2% monthly rise in headline prices after June’s 0.3% decline, with core PPI seen increasing 0.3%. On an annual basis, headline inflation is forecast to ease to around 4.9% from 5.5%.
The softer CPI reading took some pressure off the case for another near-term Fed hike, but several large institutions still see risks building further up the price chain.
Goldman Sachs Asset Management expects tariffs and energy costs to keep feeding through to inflation, with core inflation moving back toward 3% by December. The firm sees the Fed waiting to assess how much of those higher business costs eventually reaches consumers.
RBC Economics takes a more cautious view, arguing that tariffs and energy are already lifting input costs and that some of that pressure is likely to reach consumers. RBC believes this might be enough to keep the Fed from cutting rates this year.
Survey data offers some support for that concern. S&P Global’s July US PMI showed input-cost inflation at its highest since May 2025 and selling-price inflation at its strongest since July 2022, with companies citing energy, shipping, tariffs and supplier costs.
Deutsche Bank’s Jim Reid sees less urgency, pointing to encouraging core inflation readings and weaker employment data. Bank of America’s Stephen Juneau remains more hawkish and still sees room for additional tightening, although the latest inflation data might reduce how much action is ultimately needed.
Today’s PPI will put those views against the hard data. A softer print might reinforce the disinflation signal from CPI, while a hotter core reading might show that higher business costs are beginning to work their way into official inflation measures.
Bitcoin Is Testing Its Last Strong Support Before the July Low BTC was trading around $63,800 at the time of writing. The 50-day SMA near $63,400 and the 0.236 Fibonacci retracement at $63,600 form the main support area directly underneath price.
Bitcoin testing crucial support levels and moving averages around the 0.236 Fibonacci – Source of the chart: TradingView This is the last strong daily-chart confluence before the July swing low around $57,500-$57,700. Smaller reaction levels might appear in between, but the chart does not show another comparable overlap of Fibonacci and moving-average support before that area.
Resistance is concentrated around $67,200-$67,300, where the 100-day SMA near $67,200 almost matches the 0.382 Fibonacci retracement close to $67,300.
Bitcoin has therefore reached the PPI release with both sides of the immediate range clearly marked.
PPI Might Decide Which Side Bitcoin Tests Next A softer PPI print would fit the direction established by Wednesday’s CPI and might give buyers more reason to keep defending the current support. If the market reads the two reports together as evidence that inflation pressure is easing, BTC might turn back toward the $67,200 area.
A hot report would arrive with much worse technical timing. Stronger producer inflation, especially in the core reading, might revive concerns that price pressures remain sticky even as headline CPI cools. If that pushes yields or the dollar higher, Bitcoin would be absorbing the macro pressure while already leaning on its main nearby support.
A decisive loss of that support might quickly shift the chart back into a more defensive setup, with far less technical structure underneath current price.
A print close to expectations might leave the setup largely unchanged. Yesterday’s CPI would still lean softer, but without a second inflation surprise there might be little reason for traders to force BTC through either side immediately.
For now, the chart is unusually clean: support sits near $63,500, resistance near $67,200, and PPI arrives directly between them.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and readers should conduct their own research before making investment decisions. Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He ...
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He had to sell Bored Ape #5715 for just 8.3 $ETH ($15,570), which he bought for 34.17 $ETH 3 years ago, to keep his $ETH long going. Current position: 2,800 $ETH($5.3M) Liquidation price: $1,863.08
14 minutes ago
Crypto influencer 'Maji Big Brother' withdrew only 1,540 USDC from Binance and sold Bored Ape Yacht Club (BAYC) NFTs to maintain his long Ethereum (ETH) position.
According to monitoring by OnchainDataNerd, Maji Big Brother may face increased financial pressure recently, having withdrawn just 1,540 USDC from Binance. Meanwhile, to maintain his long Ethereum (ETH) position, he sold Bored Ape Yacht Club #5715 for 8.3 ETH (≈$15,600) — an NFT he purchased three years ago for 34.17 ETH. His current long ETH position stands at 2,800 ETH, valued at roughly $5.3 million, with a liquidation price of $1,863.08.
14 minutes ago
AI chip maker Cerebras Systems falls 17.3% in pre-market trading on US stocks.
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Goldman Sachs has agreed to acquire Neos Investments for up to $2.25 billion, a deal that will add three Bitcoin and Ethereum options-income ETFs managing more than $1.1 billion combined to its asset management business.
Summary
Goldman Sachs will acquire Neos Investments for up to $2.25 billion. The deal will add three Bitcoin and Ethereum income ETFs to Goldman’s asset management business. Neos manages more than $30 billion across 19 options based income ETFs. The transaction is expected to close in the first quarter of 2027, subject to regulatory approval. According to Goldman Sachs, the cash-and-equity transaction will bring Neos and its more than $30 billion in assets under management into Goldman Sachs Asset Management, subject to performance and service commitments tied to the agreement. The acquisition is expected to close in the first quarter of 2027 after regulatory approval and other customary closing conditions.
Among the 19 Neos funds included in the transaction are the Neos Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI), giving Goldman an existing lineup of crypto-linked income products while its own proposed Bitcoin income fund remains on file with U.S. regulators.
Goldman Sachs will inherit three crypto income ETFs Neos launched BTCI in October 2024 as an actively managed ETF designed to combine Bitcoin-linked exposure with monthly income generated through options. The fund had accumulated more than $1 billion in net assets as of Wednesday, making it the largest of Neos’ three crypto-focused products.
Rather than buying Bitcoin directly, BTCI obtains exposure through exchange-traded products linked to the cryptocurrency and uses an options strategy to generate distributions. A Neos shareholder report for the period ending November 2025 showed the portfolio using Bitcoin ETFs alongside options linked to the Cboe Bitcoin U.S. ETF Index.
XBCI, launched in February 2026, applies a more aggressive version of the strategy. The fund had about $111 million in net assets as of Wednesday and seeks roughly 150% exposure to BTCI’s underlying strategy, according to its prospectus, meaning declines in Bitcoin-linked investments can also be magnified.
Ethereum High Income ETF NEHI, meanwhile, was launched in December 2025 and had accumulated more than $77 million in net assets. Like the Bitcoin products, NEHI does not directly hold Ether and instead combines exposure through exchange-traded products with an options-based income strategy.
Neos has built the three crypto ETFs as part of a larger range of income funds covering U.S. equity indexes, fixed income, Bitcoin, Ether and gold. Founded in 2022, the investment manager now oversees more than $30 billion across 19 options-based ETFs.
“As investor demand for active ETFs grows, NEOS’ disciplined investment approach is highly complementary to our capabilities across buffer, managed outcome and income strategies,” Goldman Sachs Chairman and CEO David Solomon said.
Neos deal could affect Goldman’s filed Bitcoin ETF plans The acquisition also puts an existing Bitcoin income fund inside Goldman months after the bank filed to launch a competing product of its own.
In April, crypto.news reported that Goldman had filed a registration statement with the U.S. Securities and Exchange Commission for the Goldman Sachs Bitcoin Premium Income ETF. The proposed fund would invest at least 80% of its net assets in instruments providing Bitcoin exposure, primarily through spot Bitcoin exchange-traded products, before selling call options against part of the position.
Goldman’s filing proposed an options overwrite covering between 40% and 100% of its Bitcoin exposure depending on market conditions. Selling the calls would generate premiums for monthly income, although the structure would also limit some of the fund’s participation when Bitcoin rises sharply.
Bloomberg senior ETF analyst Eric Balchunas said following the Neos announcement that the acquisition could explain why the Goldman product filed in April has not launched.
Goldman will get $BTCI in the Neos deal, which is a $1b bitcoin premium income ETF, yields 27% and captures most but not all of bitcoins run-ups. Nowww I get why GS never launched the btc covered call product they filed months ago. Better to leap frog BlackRock’s $BITA vs me too pic.twitter.com/kCeuAAqiQo
— Eric Balchunas (@EricBalchunas) August 12, 2026 With BTCI already holding more than $1 billion in assets, Balchunas said the Neos acquisition could allow Goldman to “leapfrog” BlackRock’s iShares Bitcoin Premium Income ETF, or BITA, rather than building a competing fund from the beginning.
Goldman has not said whether it intends to withdraw, modify, or proceed with its Bitcoin Premium Income ETF following the Neos transaction.
BlackRock has already entered the Bitcoin income ETF market Competition for Bitcoin options-income products intensified in June when BlackRock brought BITA to market.
A June filing update showed that BlackRock planned to generate income by writing covered calls primarily against its iShares Bitcoin Trust, or IBIT, and Bitcoin ETF-linked indexes. The filing also set BITA’s sponsor fee at 0.65%.
BlackRock subsequently launched the fund on June 16. Unlike a conventional spot Bitcoin ETF, BITA combines Bitcoin exposure, mainly through IBIT shares, with call options written against part of the portfolio.
An analysis of BITA published after the launch found that BlackRock planned to write calls against roughly 25% to 35% of the fund’s net asset value each month while targeting annual income of between 15% and 25%. The trade-off comes from surrendering some potential gains above the strike prices of the calls when Bitcoin rises sharply.
BITA had accumulated about $59 million in net assets as of Wednesday, compared with more than $1 billion for Neos’ BTCI.
Neos’ longer operating history in the category gives Goldman an established Bitcoin income product if the acquisition closes, while XBCI adds leveraged Bitcoin-linked exposure and NEHI extends the same general income approach to Ether.
Goldman expands its options ETF business through acquisitions Neos is Goldman’s second multibillion-dollar ETF acquisition in 2026.
The firm completed its roughly $2 billion purchase of Innovator Capital Management in April, adding an investment manager focused on defined-outcome and options-based ETFs. Innovator’s products use options structures to establish predetermined ranges for potential gains and losses over specified periods.
Adding Neos would increase the scale of the same part of Goldman’s asset management operation. Goldman said derivative-income ETFs across the industry now manage about $180 billion, citing Morningstar data, after recording a compound annual growth rate of more than 70% since 2021.
Goldman Sachs Asset Management, Innovator and Neos together managed more than $130 billion across their global ETF platforms as of June 30. Goldman said the combined operation would include roughly $80 billion in active ETFs and make the firm the eighth-largest active ETF provider based on Morningstar data.
Neos co-founders Troy Cates and Garrett Paolella are expected to become partners at Goldman Sachs Asset Management once the transaction closes. Neos’ investment professionals and client-service employees are also expected to join the firm under the agreement.
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BitStarz is an award-winning, fully-licensed online crypto casino with over 3,500 games, generous bonuses, fast payouts, and an excellent user experience for real money gambling or free play.
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Key Points Offers competitive odds and high payout rates across an extensive variety of sports and casino games Lucrative crypto welcome bonuses up to $300 in free bets and spins Quick and easy to use site with intuitive interface optimized for desktop and mobile Fast deposits and withdrawals using major cryptocurrencies like Bitcoin and Ethereum Helpful 24/7 customer support available via live chat Low minimum deposits and no limits on maximum withdrawals Overall, Kineko makes a strong first impression as a legitimate, secure online gambling platform tailored uniquely for cryptocurrency users. With transparent ownership, proper licensing, competitive odds, and a polished user experience, Kineko establishes itself as a promising innovator in the growing crypto betting space.
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Guide to Crypto Gambling in The Netherlands In this comprehensive guide, we will explore the rise of cryptocurrency in the Netherlands, its intersection with online gambling, the legal aspects of crypto gambling, the advantages of using cryptocurrency, the top crypto casinos in the country, and a step-by-step guide on how to start gambling with cryptocurrency.
So, let’s dive into the world of online crypto gambling in the Netherlands!
The Netherlands Understanding Cryptocurrency and Online Gambling Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of any central authority and allows for secure and transparent transactions.
Online gambling, on the other hand, refers to playing games of chance or placing bets over the internet.
The intersection of cryptocurrency and online gambling has created new opportunities for players in the Netherlands and beyond.
The Rise of Cryptocurrency in the Netherlands The Netherlands has seen a significant rise in the adoption of cryptocurrency in recent years. This can be attributed to several factors, including increased awareness, technological advancements, and a growing interest in decentralized finance.
As more people become familiar with cryptocurrencies like Bitcoin, Ethereum, and Litecoin, they are also discovering their potential in the world of online gambling.
One of the reasons for the rise of cryptocurrency in the Netherlands is the country’s progressive stance on digital currencies. The Dutch government has been proactive in creating a favorable regulatory environment for cryptocurrencies, which has encouraged their adoption.
This has led to the establishment of cryptocurrency exchanges and wallets, making it easier for people to buy, sell, and store digital assets.
Betplay is a great casino & a top choice Legal Aspects of Crypto Gambling in the Netherlands When it comes to crypto gambling in the Netherlands, it is crucial to understand the legal framework surrounding it. The regulatory landscape is continuously evolving, and it’s essential to stay informed to ensure compliance. Here are some key points to consider:
Regulatory Framework for Crypto Casinos Currently, the Netherlands does not have specific regulations in place for crypto casinos. However, crypto gambling platforms must adhere to existing laws and regulations that govern online gambling in the country. This includes obtaining the necessary licenses and complying with anti-money laundering and know-your-customer requirements.
In recent years, the Dutch authorities have been engaging in discussions with industry experts, stakeholders, and international counterparts to develop a robust regulatory framework that ensures consumer protection, prevents money laundering, and promotes responsible gambling practices.
The proposed regulations aim to establish clear guidelines for crypto casinos, covering aspects such as licensing requirements, player protection measures, and the prevention of underage gambling. Additionally, the government intends to introduce mechanisms to monitor and regulate the use of cryptocurrencies in gambling activities.
LuckyBlock has some great bonuses for new players While the exact details of the regulatory framework are still being finalized, it is evident that the Netherlands is committed to creating a safe and transparent environment for crypto gambling.
This proactive approach demonstrates the government’s recognition of the potential benefits that cryptocurrencies can bring to the gambling industry, while also acknowledging the importance of mitigating associated risks.
As a crypto gambler in the Netherlands, staying informed about these developments is crucial. By keeping up-to-date with the evolving regulatory landscape, you can ensure that you are engaging in crypto gambling activities that are compliant with the law and provide a secure and fair gaming experience.
Advantages of Using Cryptocurrency for Online Gambling Using cryptocurrency for online gambling offers several advantages that make it an appealing option for players in the Netherlands. Let’s explore some of these advantages:
Anonymity and Privacy in Crypto Gambling Cryptocurrency transactions provide a level of anonymity and privacy that traditional payment methods cannot offer. When using cryptocurrencies for online gambling, players can enjoy a higher level of confidentiality, as transactions are recorded on the blockchain and do not require the disclosure of personal information.
This enhanced privacy is particularly important for players who value their anonymity and want to keep their gambling activities discreet.
With traditional payment methods, players often have to provide personal details such as their name, address, and bank account information. However, with cryptocurrency, all that is needed is a digital wallet address, ensuring that personal information remains secure.
Wild.io Casino is another top option for crypto players Speed and Efficiency of Crypto Transactions One of the major advantages of using cryptocurrency for online gambling is the speed and efficiency of transactions. Traditional payment methods may involve delays and additional fees, whereas cryptocurrency transactions are usually processed instantly, allowing players to access their funds quickly.
Cryptocurrency transactions are not subject to the same geographical restrictions as traditional payment methods. This means that players can easily deposit and withdraw funds from online gambling platforms regardless of their location. Whether you are in the bustling city of Amsterdam or the picturesque countryside, cryptocurrency allows for seamless and hassle-free transactions.
How We Chose The Casinos on This List Choosing the best crypto casinos in Canada involved a comprehensive evaluation process.
We considered various factors, including:
Reputation and trustworthiness of the casino, Range of crypto gambling options available, Quality and security of the gaming platform, Customer support, Overall user experience. Variety of cryptocurrencies accepted, Availability of bonuses and promotions, Ease of deposits and withdrawals, Fairness and transparency of the gaming outcomes. By taking all these factors into consideration, we were able to select the best crypto casinos for Netherlandsy that provide a safe and enjoyable gambling experience for players.
7Bit Casino is very highly regarded with lots of top games How to Start Gambling with Cryptocurrency in the Netherlands If you’re ready to try your luck at crypto gambling in the Netherlands, here’s a step-by-step guide to get you started:
Step-by-Step Guide to Crypto Gambling Choose a reputable crypto casino that meets your preferences and requirements. Create an account by providing the necessary information. Securely store your login credentials. Fund your account with cryptocurrency by following the casino’s instructions for deposits. Explore the casino’s game library and choose your preferred games. Place your bets and enjoy the thrill of crypto gambling! Tips for Successful Crypto Gambling Here are some tips to enhance your crypto gambling experience:
Set a budget and stick to it. Learn the rules and strategies of the games you play. Practice responsible gambling and avoid chasing losses. Take advantage of bonuses and promotions offered by crypto casinos. Keep track of your transactions and monitor your gambling activity. Conclusion As cryptocurrency adoption accelerates across Dutch society, more Dutch players are discovering the benefits of gambling with digital coins at specialized Bitcoin and crypto online casinos. These innovative gambling sites allow the Dutch to enjoy classic casino gaming while depositing, wagering, and cashing out securely in leading cryptocurrencies.
The premier Netherlands-facing crypto casinos from our list above are all fully licensed and regulated, providing Dutch players completely legal access to next-generation online gambling products and services.
They offer massive libraries with thousands of popular slots, table games, and live dealer titles seamlessly playable with major cryptos. These casinos enable lightning-fast crypto deposits and cashouts directly to Dutch players’ wallets.
FAQs Are crypto casinos legal for Dutch players? Yes. Licensed offshore online crypto casinos can legally offer their gambling services and games to Dutch players aged 18+ years old.
What cryptocurrencies do Dutch crypto casinos offer? The top Netherlands crypto casinos process deposits and withdrawals using major coins like Bitcoin, Ethereum, Litecoin, Tether, Cardano, Ripple, Bitcoin Cash and other leading cryptocurrencies.
Can I withdraw winnings in Euros from crypto casinos? Yes you can! While you play and transact with cryptocurrencies on site, the top Dutch crypto casinos allow you to cash out your earnings in either digital coins or Euros.
Do these casinos have live dealer table games? Yes. Many leading crypto casinos provide Dutch players live dealer game suites with real human croupiers that you can interact with while wagering in real-time using crypto.
What security features do Dutch crypto casinos offer? Reputable licensed crypto casinos use blockchain transactions, SSL encryption, KYC authentication and other security measures to keep your activity and funds safe. But Dutch players should still thoroughly vet any real money gambling provider before signing up.
Do they provide any sports betting options? A few premier crypto casinos also offer sports and esports betting using top cryptocurrencies like Bitcoin, Ethereum and Litecoin. These Dutch-friendly crypto sports betting options are still quite limited however.
Are there casino bonuses for Dutch crypto players? Yes! The top Netherlands crypto casinos provide Dutch players special cryptocurrency welcome bonuses, free spins, reload deals, cash back rewards and other promotions.
Leading cryptocurrencies fell, even as stocks rallied on Wednesday as investors weighed the latest consumer inflation numbers that came in line with expectations.
Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:35 p.m. EDT)Bitcoin (CRYPTO: BTC)-0.23%$63,424.63.02
Ethereum (CRYPTO: ETH)
-0.38%$1,875.68XRP (CRYPTO: XRP) -1.88%$1.00Solana (CRYPTO: SOL) -0.92%$75.63Dogecoin (CRYPTO: DOGE) -3.24%$0.06987Crypto Market Retreats FurtherBitcoin and Ethereum recorded sharp selling pressure, while XRP and Dogecoin also traded in the red on Wednesday.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.31% and 1.73%, respectively.
Over the past 24 hours, more than $175 million in crypto positions were liquidated, with short sellers accounting for $93 million of the losses, according to Coinglass data.
Bitcoin’s open interest rose 0.49% over the last 24 hours. An increase in open interest, along with a price decrease, typically indicates that short positions are being built up.
"Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:35 p.m. EDT)Capricorn (APR) +137.97% $0.4950Cysic (CYS) +36.06% $1.63Bitway (BTW) +22.28% $0.2544The global cryptocurrency market capitalization stood at $2.17 trillion, following a dip of 0.79% over the last 24 hours.
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Stocks Rally After CPI ReportMajor indexes lifted on Wednesday. The S&P 500 rose 0.26% to end at 7,748.50, while the tech-focused Nasdaq Composite gained 0.54% to close at 26,588.49. The Dow Jones Industrial Average, meanwhile, fell 0.04%, or 21.58 points, to close at 53,770.27.
The July Consumer Price Index rose 3.4% from a year earlier, matching expectations, while core inflation eased to 2.5%, also as expected.
Meanwhile, the odds of an interest rate hike in September fell to 40% from 48% the day before, according to the CME Fedwatch tool.
The Anatomy of Bitcoin’s BottomMichaël van de Poppe, a widely followed cryptocurrency analyst and trader, said Bitcoin risks breaking down to $60,000 if it fails to hold current support near $63,500
“The final level of support is that area; if that doesn’t happen, we’re very likely to be sweeping the lows again,” the analyst projected.
On-chain analytics firm CryptoQuant observes that Bitcoin’s losses have spread beyond speculative traders and are now being borne by long-term holders.
Historically, at each significant cycle bottom, long-term holders have been sitting on more severe unrealized losses than the broader market, the research firm stated.
“Bitcoin is displaying a condition repeatedly associated with macro bottoms, but not yet the emotional and financial exhaustion that made previous bottoms unmistakable,” CryptoQuant added.
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Photo: KateStock / Shutterstock
Market News and Data brought to you by Benzinga APIs
With XRP currently trading perilously close to the psychologically significant $1 level, the asset's technical structure is still clearly bearish. While buyers have yet to generate a strong reversal signal, XRP has nearly entirely erased the remaining distance between it and this support at about $1.03.
XRP falls shortThe issue is shown by the moving-average structure. On the daily chart, XRP trades below each of the major averages. The 50-day moving average is close to $1.08, and the short-term average is around $1.06. The 200-day moving average is still well above price at about $1.37, but more significant resistance can be found at the 100-day average at about $1.18.
XRP/USDT Chart by TradingViewWhat's more, every one of these averages is on the decline. As a result, XRP does not just encounter individual resistance levels; rather, it stays within a well-established downtrend where rebounds keep running into progressively lower ceilings. Additionally, momentum is lacking.
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The RSI has dropped to about 36.8, getting close to oversold territory without reaching a level that would independently indicate exhaustion. This leaves room for one more downward shift. As a result, the $1 threshold is becoming crucial. A daily breakdown below it could accelerate bearish momentum and eliminate the closest psychological support, especially if it is accompanied by rising volume.
Regaining the $1.06–$1.08 zone would be the first significant improvement needed for XRP to stabilize. Until then, rallies are not indicative of a wider reversal but rather countertrend movements. Sellers continue to benefit from the current structure, and $1 is now the threshold between consolidation and another potentially significant breakdown.
Zcash is gaining groundDespite another rejection above $500, Zcash's technical structure remains significantly stronger. At $488, ZEC is currently trading between its short-term moving averages and maintaining the larger bullish structure that was created when the asset recovered from its March lows. The immediate conflict is centered on the $483–$495 range.
ZEC is trading significantly above the 100-day average, which is at $469, and above its 50-day moving average, which is at $483. But the short-term average, which is close to $495, is still above the market, forming resistance nearly precisely at the psychological $500 barrier.
ZEC/USDT Chart by TradingView$500 is therefore the most crucial immediate breakout level. In recent weeks, ZEC has made several attempts in this area, but it has had difficulty gaining long-term acceptance above it. The July resistance zone, which is between $560 and $580, would come into play after another successful reclaim, which would expose roughly $520 to $540. The structure on the downside is still comparatively safe.
Through the 50- and 100-day moving averages, the $469–$483 region creates the first notable support cluster. Maintaining the current consolidation would allow for another upside attempt.
More significantly, the 200-day moving average is still rising and sits much lower at about $422. ZEC is still comfortably above its 200-day trend indicator, in contrast to many significant cryptocurrencies that are currently trading below their long-term averages. However, since the explosive moves earlier in the year, volume has significantly decreased. Because of this, a clear breakout above $500 is challenging without increased participation.
As a result, ZEC is still structurally bullish but momentarily range-bound. Buyers maintain control over the larger setup by keeping $469–$483. A decisive $500 reclaim would restore the recent highs, while losing that zone would expose $440 and eventually the 200-day average near $422.
Dogecoin's decline slowsAlthough Dogecoin is still in a steep decline, the most recent price movement indicates that selling pressure is starting to lessen. After spending the majority of July and the first part of August consolidating close to its recent lows, DOGE is currently trading around $0.0705. The moving-average structure is still the major issue.
DOGE/USDT Chart by TradingViewDOGE is trading below the 50-day moving average at $0.0724 and the short-term average at about $0.0712. The 200-day moving average is still far away at $0.0974, while the 100-day moving average at roughly $0.0815 is a much stronger resistance barrier above those levels. As a result, DOGE faces a number of obstacles before a significant trend reversal is feasible.
However, there is some indication that things have stabilized. Instead of continuing the sharp decline observed in June, the price has held around $0.067–$0.070 for a few weeks. Additionally, the RSI has rebounded to about 47, putting momentum in the vicinity of neutral. Therefore, the first bullish objective is rather simple: DOGE must establish support above the short-term moving averages and recover $0.072–$0.073.
A recovery toward $0.08–$0.082 might result from that. The structure continues to be bearish until then. The stabilization attempt would be void and DOGE would be vulnerable to another leg lower if the recent floor around $0.067 were lost. Buyers are beginning to build a foundation, but they still lack control.
Bitcoin stays stuckAlthough Bitcoin is still consolidating between $63,600 and $64,000, the market has not yet produced the technical breakout necessary to alter its more general bearish structure. From its June low of about $58,000, Bitcoin has made significant progress, but it has now stalled beneath significant resistance.
The short-term moving averages are at the center of the current conflict. Bitcoin is currently trading around $63,605, which is below the faster average at $64,088 but marginally above the 50-day moving average at $63,337. As a result, there is a narrow compression zone where neither buyers nor sellers can currently exert decisive control.
BTC/USDT Chart by TradingViewThe bigger obstacles are situated much higher. The 200-day moving average is close to $72,012, while the 100-day average is still around $66,673. Both are still sloping downward, with significant overhead pressure. Momentum validates the indecision. Its signal average is close to 49.7, and its RSI is roughly 46.7.
Neither reading suggests a significant bullish acceleration or an oversold market. The positive aspect is that, after recovering from the June sell-off, Bitcoin has consistently defended the $62,000–$63,000 range. Holding this area allows buyers more time to establish a foundation.
The immediate setup would be improved by moving through $64,000–$64,500, but the more important recovery target is still roughly $66,700. $70,000–$72,000 could be put back into play if that level is reclaimed.
On the other hand, losing $62,000 would significantly impair the consolidation and raise the likelihood of another test of $60,000 and ultimately the June lows. Although Bitcoin is stabilizing, its overall trend has not yet reversed.
XRP is slipping closer to the crucial $1 support level, with the asset’s technical signals remaining firmly bearish. The price has nearly reached the $1.03 support area, as buyers fail to generate a meaningful reversal. The moving averages highlight the issue: on the daily chart, XRP is trading beneath the 50-day moving average near $1.08, the short-term average at $1.06, and the 200-day moving average at $1.37. The 100-day average at roughly $1.18 poses additional resistance.
XRP struggles at $1 supportAll of these key averages are trending downward, reinforcing XRP’s established downtrend. Temporary rallies continue to meet progressively lower resistance levels, and overall market momentum is lacking. The relative strength index (RSI) for XRP has dropped to approximately 36.8, approaching but not quite entering oversold territory—leaving room for another potential downward move.
A daily close below $1 could spark a new wave of bearish momentum and threaten the last significant psychological support, particularly if trading volume rises. For XRP to stabilize, it must regain ground above the $1.06 to $1.08 area. Until that happens, buyers face a challenging landscape, and the $1 mark remains the deciding threshold between further consolidation and the risk of a sharp breakdown.
XRP’s position below all major moving averages and its declining momentum indicate that the $1 support is now critical for market direction. Any breakdown could accelerate the current downtrend.
Mini dictionary: Relative strength index (RSI), a technical indicator used to measure the speed and change of price movements. RSI values below 30 typically suggest oversold conditions, while readings above 70 indicate overbought territory.
Zcash holds bullish structure above key averagesIn contrast, Zcash (ZEC) shows a firmer technical position even after another rejection near $500. The privacy-focused cryptocurrency is currently trading around $488, consolidating between its short-term moving averages and preserving a broader bullish structure that developed after its recovery from March lows. The key battle lies in the $483 to $495 range.
ZEC remains above both the 50-day average at $483 and the 100-day average at $469, marking a supportive cluster for the asset. The 200-day moving average, still moving higher, sits much lower at $422, distinguishing ZEC from other cryptos currently below their long-term trend lines.
AssetCurrent Price50-day MA100-day MA200-day MAKey SupportKey ResistanceXRP$1.03$1.08$1.18$1.37$1.00$1.06–$1.08ZEC$488$483$469$422$469–$483$495–$500DOGE$0.0705$0.0724$0.0815$0.0974$0.067$0.072–$0.073BTC$63,605$63,337$66,673$72,012$62,000–$63,000$64,000–$64,500Repeated attempts to break above $500 have failed to attract sustained buying, with the resistance near that level remaining firm. Should ZEC clear the $500 mark, the price could target the next resistance zone at $520 to $540, and eventually the $560 to $580 area. Volume, however, has waned since earlier in the year—making a convincing break harder without renewed participation.
If support between $469 and $483 is lost, ZEC could slide to $440 and potentially to the 200-day average near $422. For now, the broader setup stays bullish as long as ZEC maintains this range, despite being briefly range-bound.
Zcash is a cryptocurrency focused on privacy and anonymity, offering shielded transactions that conceal sender, receiver, and transaction amount information using advanced cryptography.
Dogecoin and Bitcoin test consolidation zonesDogecoin (DOGE) continues its steep decline but recent trading suggests selling pressure is easing. Now priced at $0.0705 after weeks of consolidating near recent lows, DOGE trades below its 50-day moving average at $0.0724 and short-term average at $0.0712. The 100-day moving average at $0.0815 acts as a significant resistance, while the 200-day average at $0.0974 remains distant.
The recent period of stability above $0.067 hints at a possible basing pattern, with the RSI rebounding to around 47—a neutral reading. For buyers to gain ground, DOGE must climb above the $0.072–$0.073 band, which could then trigger a move toward $0.08–$0.082. Losing the $0.067 floor opens the risk of further losses, as the overall trend remains bearish until notable resistance is reclaimed.
Meanwhile, Bitcoin is consolidating in a tight range of $63,600 to $64,000 after rebounding from its June low near $58,000. The leading cryptocurrency trades just under its short-term moving average at $64,088 and marginally above its 50-day average at $63,337, creating a narrow zone where neither side controls momentum.
Bitcoin has defended $62,000–$63,000 since the June sell-off, allowing buyers to build a potential foundation. However, recovery above $66,700 is still necessary before a sustained bullish reversal can develop.
Major resistance remains above current levels: the 100-day average is around $66,673 and the 200-day at $72,012, both sloping lower. With RSI near 46.7 and its signal average at 49.7, momentum signals indecision and a lack of strong trend direction.
Holding the $62,000 support gives buyers some room to maneuver, but losing it would increase the likelihood of a retreat to $60,000 and possibly the June lows. Although the broader Bitcoin trend has stabilized, a technical breakout is still absent and the dominant bias remains cautious.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Oil prices fell on Thursday after reports that the United Arab Emirates (UAE) released Iran’s frozen assets held in Emirati banks, including gold valued at roughly $200-283 million. As a result, Bitcoin and the broader crypto market witnessed a much-needed rebound.
The UAE Transfers Frozen Cash and Gold to Iran The UAE has released several billion dollars of Iran’s frozen assets held in UAE banks, including 1.5 tonnes of gold, according to The Hormuz Letter and other sources on X.
The reports claim the reason behind the transfers is that Iran spares the UAE from future attacks, according to multiple senior sources in Tehran with knowledge of the transfers.
The assets were transported to Iran aboard a Boeing 737-7KK (A6-RJA) operated by UAE Royal Jet, from Abu Dhabi to Tehran’s Mehrabad Airport and Payam Airport in Karaj on August 11 and 12. Each flight reportedly stayed under an hour before returning.
INTERESTING: A UAE government VIP jet—a Boeing 737-700 BBJ operated by Royal Jet—made short visits to Iran on two consecutive days.
On Aug 11, it flew from Abu Dhabi to the Tehran area and stayed roughly one hour.
On Aug 12, the same aircraft returned, this time landing at… pic.twitter.com/cMCNxzyCNq
— Clash Report (@clashreport) August 12, 2026
This is described by some sources as the third such transfer. Earlier claims in Reuters’ June report suggested the UAE had agreed to unlock $10-20 billion, with more than $3 billion already delivered amid the US-Iran war.
However, the UAE Foreign Ministry denied reports of transfers at the time, stating “no frozen Iranian funds have been released, transferred, or facilitated through the UAE.” US officials also rejected claims of any side deals or releases without Iran’s denuclearization.
The latest reports also remain unverified by the UAE or the US as of August 13. However, Iran can get its frozen assets and reparations by auctioning off attack exemptions to Gulf states, including Bahrain, Kuwait, Saudi Arabia, Jordan, and Qatar.
Bitcoin Jumps as Oil Price Declines Oil prices fell towards $82 per barrel today, snapping a five-day advance as investors hope for a deal to reopen the Strait of Hormuz and the latest transfers of Iran’s frozen assets by the UAE.
However, the Trump administration is also moving toward imposing greater economic pressure on Iran. The measures include expanding economic sanctions and a naval blockade.
Meanwhile, Bitcoin price also jumped 1% within hours as oil prices dropped sharply. The price is currently trading near $63,900, with 24-hour lows and highs of $63,267 and $64,329, respectively.
Bitcoin trading volume has increased by almost 6% over the last 24 hours, indicating traders remain interested. This comes as US CPI inflation slowed for a second consecutive month to 3.4%.
Polymarket data revealed 26% odds of Bitcoin dipping below $60,000 in August, while no is at 76%. Notably, Bitcoin has dropped to its ‘Cost of Production’ zone, a level historically associated with bear-market bottoms.
Bitcoin Drops to ‘Cost of Production’ Zone. Source: Bitcoin Magazine
Bitcoin (BTC) is trading around $63,000 at press time, after three consecutive days of losses. The US Consumer Price Index (CPI) for July met market expectations of 3.4% the previous day, resulting in a mild rebound in BTC above $64,000, but it was lost later in the day, leading to a bearish close. Virtuals Protocol (VIRTUAL) and OKB (OKB) have emerged as top performers over the last 24 hours.
Technical outlook: Bitcoin risks a revisit to $60,000Bitcoin is trading in the red on Thursday, keeping a bearish near-term bias as it holds beneath a dense cap of the 50-day, 100-day, and 200-day Exponential Moving Averages (EMA) at $64,523, $66,718, and $73,303, respectively.
Momentum indicators back this weaker tone, with the Relative Strength Index (RSI) hovering around 45 and the Moving Average Convergence Divergence (MACD) crossing below its signal line, suggesting that downside pressure remains dominant.
From a technical perspective, BTC is on the verge of closing below the upward trendline near $63,814, which could confirm the bearish breakout. Looking down, the key support for Bitcoin could emerge at the July 6 low at $61,307.
BTC/USDT daily price chart.On the topside, initial resistance is seen at the 50-day EMA at $64,523 and a descending trendline coming in near $65,238.
Technical outlook: VIRTUAL and OKB eye further gainsVirtual Protocol is trading near the $0.6000 level at press time on Thursday, sustaining its 10% gains from the previous day. VIRTUAL maintains a near-term bullish bias as it holds above the 50-day EMA at $0.5859, but remains capped below an overhead trendline connecting the May 7 and July 11 highs around $0.6107.
The 100-day EMA at $0.6168 reinforces the resistance trendline, forming a major overhead cluster. A decisive close above this zone could target the June 15 high at $0.6728, which previously capped gains on July 21. Beyond that, the 200-day EMA at $0.6978 could serve as the next bullish target.
Momentum supports the short-term recovery, with the MACD line crossing above the signal line in the negative territory, resulting in a fresh bullish histogram. At the same time, the RSI at 55 crosses above the midline, signaling renewed buying pressure.
VIRTUAL/USDT daily price chart. Looking downside, a slip below the 50-day EMA at $0.5859 could nullify the bullish breakout chances, likely extending a pullback toward the June 25 low at $0.4977.
OKB is up over 2% on Thursday, trading above the $100 psychological threshold. The token maintains a near-term bullish bias, with a steady upward trend over the last week and holding above all crucial EMAs.
A decisive close above the $100 mark could extend the rally toward the 127.2% Fibonacci extension level at $111, measured over the recent downswing from $99.64 to $65.76.
Momentum on the daily chart supports the positive recovery but warns of an overstretched buying phase. The MACD and signal line maintain an upward trend in the positive territory with an expanding bullish profile. However, the RSI at 85 rises higher into the overbought region, projecting increased odds of a corrective pullback.
OKB/USDT daily price chart.Looking down, the crucial support for OKB emerges at the 78.6% Fibonacci retracement level at $91.16.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
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