Key Points BTCPay Server has disabled external remote access to Lightning Network nodes following exploitation of a severe security vulnerability Hackers acquired “macaroon” authentication files that control LND nodes, enabling unauthorized fund transfers An emergency patch in version 2.4.2 fixes the vulnerability and automatically refreshes credentials for default configurations Foundation’s CEO Zach Herbert verified that his organization’s Lightning node experienced a complete drainage Citadel21, a Bitcoin-focused publication, similarly confirmed its Lightning node was compromised, with both parties withholding specific loss figures In response to a critical security breach that enabled fund theft from multiple operators, BTCPay Server has implemented a temporary suspension of public remote connections to Lightning Network nodes.
⚠️ALERT: An actively exploited BTCPay Server flaw is draining merchant Lightning nodes.
Attackers can remotely grab credential files from BTCPay deployments running LND and empty the node, with hardware wallet maker Foundation among the confirmed victims, per CoinDesk.
BTCPay… pic.twitter.com/558xdhTbjm
— Coin Bureau (@coinbureau) August 8, 2026
The security incident specifically targeted infrastructure running Lightning Network Daemon software. Threat actors leveraged the security weakness to access “macaroon” authentication files—specialized credentials that grant operational control over LND nodes. With these credentials in hand, malicious actors gained unrestricted ability to transfer funds.
This protective measure blocks external wallet applications such as Zeus from establishing connections via BTCPay Server domains or Tor onion addresses on Docker-based deployments. Despite this restriction, BTCPay confirmed that Lightning payment functionality remains operational, with plans to reinstate remote access capabilities once security conditions permit.
Patch Details and Functionality BTCPay deployed version 2.4.2 as an emergency response to the security incident. This release implements LND version 0.21.1 and executes automatic macaroon credential regeneration for standard deployment configurations.
Node operators who have configured LND routing through custom reverse proxies, independent Tor services, or port forwarding arrangements outside BTCPay’s standard setup must manually rotate their authentication credentials. The patch does not automatically secure access pathways that operators have configured independently.
BTCPay has issued guidance for all node operators to conduct thorough security audits, including examination of payment histories for suspicious transactions, verification of channel closure activity, identification of unknown network peers, and reconciliation of balance records across both onchain and Lightning accounts.
Confirmed Attack Victims Zach Herbert, CEO of Foundation, made a public statement confirming that his organization’s Lightning node suffered a complete drainage during overnight hours. He subsequently provided clarification that the company’s hot wallet infrastructure remained secure and unaffected. The attack methodology involved forced channel closures followed by systematic fund extraction.
Bitcoin-focused media outlet Citadel21 likewise confirmed becoming a victim of the attack, reporting that its Lightning node had been completely emptied. Both affected parties have declined to reveal the precise monetary value of their losses.
The complete scope of the breach, including the total count of compromised operators, has not been determined.
This security incident arrives on the heels of a distinct vulnerability discovered in Coldcard hardware wallets that resulted in documented losses exceeding $100 million. Both security breaches targeted Bitcoin ecosystem infrastructure and supporting software rather than compromising Bitcoin’s core protocol or blockchain network.
BTCPay has explicitly stated that these two security incidents bear no connection to one another. Nevertheless, the succession of infrastructure vulnerabilities has heightened security awareness and vigilance throughout the Bitcoin operator community.
BTCPay has committed to reactivating remote access features following comprehensive security verification, though no specific restoration timeline has been announced.
All operators running affected systems are strongly encouraged to deploy the security update without delay and conduct comprehensive reviews of node activity to identify potential indicators of unauthorized access or compromise.
TLDR Block 961,632 triggered BIP-110’s mandatory signaling phase with a mere 2.53% miner backing, dramatically below the required 55% BIP-110-enforcing nodes started blocking non-compliant blocks, spawning a separate minority chain In approximately eight hours, the minority chain managed only two blocks while Bitcoin’s primary chain mined 48 Despite inheriting Bitcoin’s complete mining difficulty, the fork commands minimal hashpower, delaying the next difficulty recalibration by roughly 350 days Prominent figures like Michael Saylor and Adam Back cautioned that BIP-110 could fracture the Bitcoin network The mandatory-signaling phase for Bitcoin Improvement Proposal 110 has commenced, yet the resulting minority blockchain has virtually stalled, managing to mine merely two blocks across approximately eight hours.
Saylor Says BIP-110 Fork Has Just 0.15% of Bitcoin Hashpower
Michael Saylor said about 99.85% of Bitcoin’s hashpower remained on the main chain after the BIP-110 fork, while the minority branch mined only two blocks and fell more than 80 blocks behind. He estimated the BIP-110… pic.twitter.com/a9Bt2GfjwF
— Wu Blockchain (@WuBlockchain) August 9, 2026
This critical juncture arrived at block 961,632 this past Saturday. Systems operating BIP-110 client software began filtering out any block lacking the designated support signal for the upgrade.
The fundamental issue lies in miner participation. Of the preceding 2,016 blocks, only 51 displayed support signals—translating to a meager 2.53% adoption rate. Early activation demands at least 55% consensus.
Understanding BIP-110’s Core Provisions Developed by pseudonymous contributor Dathon Ohm, BIP-110 introduces temporary constraints on Bitcoin’s block space utilization, intended to last approximately twelve months.
The specification would impose a 34-byte ceiling on most fresh output scripts, establish an 83-byte maximum for OP_RETURN outputs, and enforce 256-byte restrictions on particular data pushes and witness components. Additionally, it would temporarily curtail several Taproot capabilities.
Proponents maintain these limitations would diminish inscriptions and non-monetary data embedded within Bitcoin transactions, which they contend elevates operational expenses for node maintainers.
Critics counter that any participant paying transaction fees possesses the legitimate right to utilize block space according to their preferences. Mining operation AntPool generated the initial non-compliant block, which the primary network validated while BIP-110 nodes dismissed.
The Fork’s Fundamental Challenges A mining entity utilizing Ocean created the alternative block that the breakaway chain subsequently followed. This established two rival chains, though the division is starkly asymmetrical.
The minority blockchain assumed Bitcoin’s existing mining difficulty level but controls only a minimal portion of aggregate hashpower. Consequently, blocks on the BIP-110 chain emerge at intervals spanning multiple hours instead of the standard ten-minute cadence.
Bitcoin’s difficulty recalibration occurs every 2,016 blocks. Monitoring systems tracking this development project the BIP-110 chain will achieve that adjustment threshold in 350 days, contrasted with the main chain’s 14-day cycle.
By approximately 6 a.m. UTC Sunday, Bitcoin’s primary chain had progressed to block 961,681, whereas the BIP-110 chain remained at block 961,633.
Another concern involves transaction replay vulnerability. Since both chains still process identical transaction formats, a cryptographically signed transaction on the fork chain can simultaneously be propagated across the main Bitcoin network, establishing a potential exploitation pathway for purchasers.
Notable BIP-110 detractors including Michael Saylor and Blockstream’s CEO Adam Back have expressed concerns that the proposal threatens to fragment Bitcoin. Developer Chris Guida has additionally explored a proof-of-work modification as a contingency plan should miner resistance persist, although no implementation timeline has been established.
The mandatory-signaling period extends through block 963,647.
Bitcoin billionaire Michael Saylor, worth $4 billion according to Forbes calculations, has seen his wealth swing with the price of bitcoin since he pivoted his software company Strategy to a bitcoin accumulation vehicle in 2020.
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Strategy has bought almost 850,000 bitcoin worth just over $50 billion over the last six years, with many of its recent purchases funded by debt and equity sales.
Now, Saylor has credited artificial intelligence chatbots for helping him make $15 billion via the company’s controversial, bitcoin-backed preferred shares.
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ForbesBitcoin’s Worst Nightmare Has Suddenly Come TrueBy Billy Bambrough
Bitcoin billionaire Michael Saylor has claimed ChatGPT helped him create the financial products that made his company $15 billion.
Getty Images
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“I used AI to make $15 billion last year,” Saylor told The Diary Of A CEO podcast.
“You don’t want to learn how to do things the AI can do. What you want to do is learn how to ask the AI to do something that’s never been done before. If you want to create these incredible success things, you want to locate the magic opportunity.”
Strategy has seen its most controversial preferred stock, the 12% dividend-paying STRC, rebound in recent weeks back to near its intended $100 level after dropping to around $75 in late June.
Strategy’s Perpetual Strike Preferred Stock (STRK) and Perpetual Strife Preferred Stock (STRF) are preferred stock offerings launched in early 2025 to raise capital for bitcoin acquisitions. STRK offers an 8% dividend payable in cash or Strategy’s common stock stock and is convertible into common stock, while Strife is non-convertible and prioritizes stability for fixed-income investors.
However, Strategy has seen the value of its common stock plunge along with the bitcoin price over the last year, losing around 80% of its value.
The company has recently sold some bitcoin, which Saylor has said was both to “inoculate” the market to the possibility to Strategy selling bitcoin and to fund its debt and dividend commitments.
Alongside its $55 billion bitcoin stash, Strategy has also built up a $4 billion cash reserve, designed to give it two years of runway before it has to raise further funds.
"Terrifying confession or brilliant use of AI by Saylor," asked technology investor and All In Podcast host Jason Calacanis, a regular Strategy critic, on X.
However, others have praised Saylor and Strategy for capitalizing on what they see as the implosion of the U.S. dollar, seen as buckling under the weight of spiralling U.S. debt.
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Forbes‘Attacks Are Ongoing’—Urgent Warning Issued After Sudden Spread Of Massive Bitcoin AttackBy Billy Bambrough
The bitcoin price has plunged from its peak, though many bitcoin backers remain very wealthy using AI tools like ChatGPT to bolster their fortunes.
Forbes Digital Assets
“History will show this as absolutely brilliant financial engineering in a major late stage U.S. debt cycle,” Bill Barhydt, the chief executive of bitcoin and crypto wealth platform Abra, replied to Calacanis.
“If you can borrow dollars and invest them in something that has a fixed float with fast adoption you should do it. [Saylor] legally can’t invest those dollars in securities since he’s not a '40 Act company. That leaves bitcoin treasuries and gold. He’ll clearly make mistakes along the way but the strategy is brilliant.”
It’s not the first time Saylor has credited AI for helping him develop Strategy's bitcoin-backed preferred securities, saying in May last year at his company's developer conference that he used ChatGPT's deep research mode to design the company's convertible preferred stock products.
A major split has emerged in the Bitcoin blockchain after the BIP-110-enforcing branch stalled at block 961,633, having produced only two blocks, while the non-enforcing chain pushed forward to block 961,721. This divergence resulted in an 88-block gap between the two chains over the weekend, highlighting the challenges faced by supporters of the new proposal.
Two chains, one networkThe issue began when BIP-110 entered its mandatory signaling phase at block 961,632. Under this protocol, only nodes that enforce BIP-110 rules accept blocks signaling through version bit 4, while standard Bitcoin nodes continue to process both signaling and non-signaling blocks. As of the cut-off point, just 51 out of the previous 2,016 blocks—or about 2.53%—had signaled support for the upgrade, according to data from the BIP-110 monitor.
At 10:19 am UTC, the monitor reported that the branch’s last block was mined roughly 12 hours prior. Ocean, a mining organization, indicated that the pseudonymous group Roughnecks mined these two BIP-110 blocks using the Decentralized Alternative Templates for Universal Mining (DATUM) protocol. With so little hashpower supporting the enforcing branch, additional blocks could not be produced rapidly.
BIP-110’s rules stipulate that mandatory signaling will continue until block 963,647, requiring all enforcing miners to finish the current 2,016-block difficulty adjustment period. Unless these miners attract significantly more hashpower, the enforcing branch is likely to make only minimal progress before the difficulty can be reassessed.
Industry leaders voice concernsThe proposal has drawn criticism from several prominent figures in the Bitcoin community. Strategy executive chairman Michael Saylor acknowledged that he supports the general goals of BIP-110 but rejected its method, arguing that it could undermine Bitcoin’s foundational principles of neutrality and consensus.
Strategy chairman Michael Saylor expressed his alignment with the proposal’s aims but voiced concern that its approach risks undermining Bitcoin’s neutral rules and consensus framework.
Blockstream CEO Adam Back also cautioned that such consensus-level changes could erode Bitcoin’s credibility and, in some extreme scenarios, render specific unspent transaction outputs unspendable, undermining user trust in the chain.
Blockstream CEO Adam Back highlighted that making significant changes at the consensus level may seriously impact Bitcoin’s credibility, potentially making some unspent transaction outputs unspendable.
Tools for tracking and portfolio managementAs technical events like the BIP-110 split cause volatility and attract debate among developers and miners, tools that provide real-time insights are increasingly valuable. CryptoAppsy, which requires no account creation hassle, combines crypto investments with real-time prices, detailed charts, and multi-currency portfolio management. With this comprehensive platform, users can set up smart price alerts, filter coin-specific news, discover newly listed altcoins, and keep track of macroeconomic data such as Fed interest rates to stay ahead of the market.
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.
US spot Bitcoin (BTC) exchange-traded funds (ETFs) pulled in roughly $1 billion of net inflows over the most recent week, following the Coldcard hack.
The figure marks the strongest weekly performance since April and the third-best result since October of the prior year, reports Bloomberg ETF analyst Eric Balchunas.
“The Bitcoin ETFs just clocked their best week in flows (about $1b) since April and the 3rd best week since the good ole days were ruined by the Silent IPO last Oct. IBIT, FBTC and few others saw inflows every single day since the Coldcard hack, making it hard not to see causation in the correlation. Would be ironic, but somehow on brand, if the hack of BTC in cold storage (seemingly worst possible situation) marked the beginning of next run.”
Source: Eric Blachunas/X Balchunas also explained that Bitcoin witnessed a silent IPO (initial public offering) phase after BTC ETFs were launched as long-term holders took the opportunity to exit at scale.
“OGs who made it through 5-6 hella drawdowns and are now multi-millionaires in their 30s and 40s and need $ money for stuff. They’re cashing out a little à la VC investors. The ETF was Bitcoin’s IPO.”
Earlier this month, attackers exploited a long-standing firmware flaw in Coldcard hardware wallets made by Coinkite to drain approximately 1,816 Bitcoin worth $116 million from more than 5,200 addresses beginning July 30th. Blockchain analysis from Galaxy Research confirmed the scale of the theft across four waves of activity.
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.
This week, the Zcash vs Bitcoin pair (ZEC/BTC) made a historic technical breakout that officially confirmed the end of the crypto market's old rules, according to Placeholder venture fund co-founder Chris Burniske. After confidently breaking out of a prolonged nine-year downtrend, the asset consolidated at 0.007904 BTC.
This value not only exceeds the 200-period SMA at 0.002567 BTC but also definitively breaks the pattern of continuous Zcash capitulation against Bitcoin that has persisted since 2017.
For Burniske, the current bullish cycle for Zcash is fundamentally different from all previous ones. The strength the coin is demonstrating against BTC indicates that the old market scenarios no longer work.
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Zcash vs Bitcoin price chart by Chris Burniske, Source: X.comUnlike in previous years, when short-term Zcash pumps marked only the final stage of overheating and an imminent collapse of the altcoin market, its current hold above a cascade of key moving averages — the 20-, 50-, 128- and 200-period MAs — is forming a stable macroeconomic foundation. Capital no longer behaves as it did before.
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The main reason the old rules are dead is the evolution of transparency. Modern on-chain analysis tools have effectively stripped Bitcoin of its original status as anonymous money, making a gradual migration of liquidity into the full-privacy sector inevitable.
Zcash eyes 10% of BitcoinIn this context, a long-standing forecast by Barry Silbert, head of Digital Currency Group (DCG), has once again become extremely relevant. Assessing the speed at which funds are flowing under the new market realities, analysts identify two key targets for changing the global balance of power:
Target No. 1: 1% of BTC's market capitalization, a level the token already reached in 2025.Target No. 2: 10% of BTC's market capitalization, currently equivalent to $130 billion. You Might Also Like
Despite the emerging prospects for relative gains at the late stage of the cycle, Chris Burniske continues to urge investors to maintain a cool-headed, pragmatic approach — Bitcoin remains the main engine and market maker of the entire industry.
Its global influence can severely correct any independent altcoin trends. However, Zcash's current structural reversal is attempting to prove that, in 2026, the old rules of capitulation no longer apply.
A picture shows the logo Bitcoin in the first Italian Bitcoin crypto currency shop "Bitcoin Compro Euro" (meaning I Buy Euro), on December 11, 2017 in Rovereto, northern Italy. Bitcoin surged past $18,000 after making its debut on a major global exchange but was trading lower on December 11, 2017, highlighting the volatility of the controversial digital currency that has some investors excited but others nervous. (Photo by PIERRE TEYSSOT / AFP) (Photo by PIERRE TEYSSOT/AFP via Getty Images)
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Jane Street is a trading firm. Blackstone Tactical Opportunities exists to buy complexity other investors avoid. Neither runs a venture portfolio, and both just wrote checks into an Australian company that started out mining Bitcoin. Firmus, which now builds AI data centers, raised $2 billion in equity this week at a valuation above $10.5 billion, roughly double where it stood in April.
The valuation is the headline. The signal is the roster of who is paying and what kind of asset they think they are buying.
The Round And The RosterThe new money came from existing backers Nvidia and Coatue, joined by funds managed by Blackstone and by Jane Street. Counting this round, Firmus has raised more than $3 billion of equity in the past year. The April round valued the company at $5.5 billion, so the price of admission roughly doubled in four months.
A doubling that fast usually reads as froth, and skepticism is the right reflex. What complicates the froth reading is the character of the buyers. Trading firms and private equity credit desks underwrite cash flows, contracts, and collateral rather than stories. Their presence says the AI factory is being evaluated as infrastructure, the way ports, pipelines, and power plants get evaluated, and that evaluation is happening on a continent most American investors never think about.
From Mining To AI FactoriesFirmus began as a Bitcoin mining operation and repurposed itself into an AI infrastructure developer built around Nvidia's DSX reference architecture and its own HyperCube hardware platform. Its flagship program, Project Southgate, started in Tasmania and is expanding into Melbourne, Sydney, Canberra, and Perth, targeting 1.6 gigawatts of AI compute across five sites by 2028 in partnership with CDC Data Centres. The first phase, valued at A$4.5 billion, began with a 150-megawatt Melbourne build carrying 18,500 Nvidia GB300 GPUs. The full program is projected to reach A$73.3 billion of investment through 2028. A company most American investors have never heard of is building compute at a scale that belonged exclusively to the biggest technology companies on earth two years ago.
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Co-chief executive Oliver Curtis described the round's purpose in the announcement:
"This investment allows us to move on multiple fronts at once. We're scaling across Australia while fast-tracking our capacity to expand into the wider Asia-Pacific region."
The expansion target after Australia is Indonesia, then the broader Asia-Pacific. The pitch to those governments is straightforward: sovereign AI compute, built regionally, powered largely by renewables, without waiting in line behind American hyperscaler demand.
The Debt UnderneathEquity is the smaller half of the story. In February, Firmus closed a $10 billion debt facility led by Blackstone Tactical Opportunities and Blackstone Credit & Insurance, with Coatue participating. An AI startup borrowing ten billion dollars from an insurance-backed credit platform is the AI factory becoming a financeable asset class, underwritten the way toll roads and transmission lines are underwritten.
That structure is spreading, and it concentrates risk in a specific place. CoreWeave, the largest of the American GPU cloud operators, ended the first quarter with $25.1 billion of debt and another $10.1 billion in lease obligations. The operator layer of the AI buildout runs on leverage almost everywhere you look. Firmus at least pairs its borrowing with long-dated government-adjacent tenancy through CDC, but the basic shape is the same: borrow now, build for years, and count on tenants filling capacity that does not exist yet.
Where Risk And Reward SplitThe bear case on AI capex has always rested on concentration, the idea that a handful of American hyperscalers carry the entire buildout and will eventually flinch. Every new buyer class that shows up weakens that premise. Sovereign-adjacent platforms in Australia, private credit desks, insurance capital, and trading firms are now funding compute demand that exists whether or not any single hyperscaler trims its budget. The demand base for AI infrastructure is widening geographically and financially at the same time, and that breadth is what makes the buildout durable.
The reward and the risk do not land in the same place, though. Suppliers get paid in cash when the hardware ships: Nvidia collects on 18,500 GB300s regardless of Southgate's eventual occupancy, and the same goes for the networking, power, and cooling vendors behind it. The operators carry a decade of utilization risk and refinancing risk on borrowed money. Companies selling into this buildout are collecting certainty, while companies operating it are absorbing leverage. That distinction, more than any valuation print, is the durable way to read every announcement in this category.
Capital is treating AI factories the way it once treated power plants. The equipment makers get paid on delivery either way, and the operators find out later whether the tenants show up.
Zcash achieved a significant technical milestone this week after the ZEC/BTC pair broke out of a persistent nine-year downtrend. Placeholder co-founder Chris Burniske underscored the importance of this move, viewing it as confirmation that previous patterns governing the crypto market might no longer apply. The breakout led the asset to consolidate at 0.007904 BTC, well above the 200-period simple moving average of 0.002567 BTC.
Strong technical reversalSince 2017, Zcash lagged behind Bitcoin, repeatedly losing value as capital rotated firmly into BTC. The current upward momentum has reversed this trend, with ZEC not only overcoming the 200-period SMA but also staying above a series of vital moving averages, including the 20-, 50-, and 128-period MAs. This trajectory, according to Burniske, signals a fundamental structural change in crypto capital flows.
Zcash is currently defying its historical pattern of short-lived surges ending in sharp declines. Instead, its sustained position above major moving averages is building a stronger macro foundation for the coin’s performance.
Burniske highlighted that the old cycle, where short-term rallies in Zcash foreshadowed imminent downturns across altcoins, no longer applies in the same fashion. The persistence and breadth of the current move suggest a maturing market structure, with capital deployment patterns shifting away from legacy behaviors.
Key market capitalization targetsBarry Silbert, founder of Digital Currency Group, suggested that the pace and scale of capital flows into Zcash may set new industry benchmarks. Analysts watching the upcoming cycle have identified two major capitalization targets for ZEC:
TargetDescriptionStatus1% of BTC market capFirst key thresholdAchieved in 202510% of BTC market capAmbitious structural aimEquivalent to $130 billionReaching these points would represent a substantial shift in the balance between Bitcoin and alternative cryptocurrencies. The 10% target, in particular, remains aspirational and could reshape competitive dynamics if realized.
Mini dictionary: Digital Currency Group, founded by Barry Silbert, is a major crypto venture capital and investment firm that backs blockchain companies and projects worldwide.
Risks and ongoing market dominanceDespite optimism, Burniske urged investors to remain cautious and realistic about potential gains. He emphasized that Bitcoin continues to set the overall direction and liquidity for the digital asset market. While Zcash’s current technical reversal is notable, the broader influence of BTC can still trigger corrections in altcoin rallies, regardless of their individual momentum.
The prospect of Zcash breaking free from its historical patterns has prompted debate over whether 2026 will prove the old rules of capitulation are truly outdated.
As Zcash attempts to establish a new narrative, its ongoing strength against Bitcoin will be closely watched by the industry. Whether it can maintain momentum and reach the ambitious 10% BTC market cap target remains uncertain as the next cycle continues to unfold.
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.
August has started strong for crypto. SoSo Vale data indicates that Spot Bitcoin [BTC] ETFs have seen inflows of $853.54 million, the best weekly performance since April.
Notably, BlackRock’s IBIT led with $693.5 million in inflows, followed by Fidelity’s FBTC with $116.5 million.
Source: Farside Investors This is notable given that the recent Coldcard hack severely damaged Bitcoin, resulting in the loss of 1,719 BTC, or roughly $111 million.
Is there a catch? A recent CryptoQuant analysis suggests that ETF inflows indicate that capital is moving into Bitcoin ETFs. However, they do not always reflect growing optimism about the broader crypto market.
New cash inflows, portfolio rebalancing, investors moving between ETFs, or hedge funds using ETFs and Futures for basis trades are some possible sources of the flows.
This is because the Coinbase Premium remains low, spot demand has not recovered well, and options markets have modest bullish expectations.
Source: CryptoQuant Remarking on the same, XWIN Japan and DeFi Asset Management noted,
This suggests the recent inflows may represent selective institutional or traditional-finance allocation through regulated products rather than widespread speculative buying.
Similar patterns were seen in the Ethereum [ETH] ETF, which saw inflows of $244.94 million, with BlackRock’s ETHA seeing the largest inflows of $212 million.
Source: X What about other altcoin ETFs? XRP ETFs saw $1.01 million in inflows, while Hyperliquid [HYPE] ETFs saw $2.84 million.
At the same time, the Solana [SOL] ETF saw weekly inflows of $144.93K, while the Dogecoin [DOGE] ETF, which had been experiencing zero flows for a while, received inflows of $82.64K.
This is the opposite of what happened in July, when the Spot BTC ETFs did not perform well when compared to other altcoin ETFs that saw more days of inflow streaks.
Final Summary The Spot Bitcoin ETFs saw approximately $1 billion in inflows in the past week. Ethereum ETFs, along with other altcoin ETFs, exhibited a similar pattern as BTC ETFs.
Iran's Foreign Minister Emphasizes That the Strait of Hormuz Has Not Been Reopened
Iranian Foreign Minister Araghchi stated that Iran is in the final stage of consultations with Oman on adjusting shipping lanes in the Strait of Hormuz. He also stressed that even if the two sides reach an agreement on the lane adjustment, this does not mean the Strait of Hormuz is reopened, as a series of conditions still need to be fulfilled for the strait to be reopened. Araghchi added that the two sides are currently discussing replacing the original shipping lanes with new ones, and relevant experts are conducting technical work. (CCTV News)
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Serenity: Still bullish on the storage sector, market focus has shifted back to the photonics space.
Serenity stated in a post that it remains bullish on the storage sector represented by Micron (MU) and Samsung, noting that markets tend to rotate between different supply bottlenecks. This week, photonics sector stocks including AXTI and LITE have once again come into focus. Compared to the period of the July sell-off, the primary change has been in stock prices, followed by scattered narratives and business updates. He pointed out that during the July sell-off, the market was already aware that laser products from COHR and LITE are fully sold out for the next two years, and had learned of demand imbalances from AAOI’s last quarter earnings call. Apart from post-correction stock price movements, the fundamentals of the photonics sector have not deteriorated; bottlenecks in optical transceivers and indium phosphide substrates remain unchanged, and may even intensify further. On the storage front, Serenity noted that retail investors are showing capitulation sentiment, while the same group had been extremely bullish after MU signed 16 SCAs and issued strong forecasts. He believes that the current ratio of operating profit to market capitalization for storage businesses is "extremely unreasonable", and demand imbalances may worsen next year. For the same companies, only valuations and narratives have changed, while the market rotates between different sectors.
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Paragon has acquired CAMBRICON code, and is set to launch CAMBRICON contract trading.
Decentralized exchange Paragon, under HIP-3, has acquired the code of Cambricon (CAMBRICON) for 580.97 HYPE, and may launch Cambricon perpetual swap contracts in the coming days. Cambricon is a Chinese AI chip design company primarily engaged in the R&D, design and sales of core AI chips. Its products cover cloud intelligent chips and accelerators, edge computing chips, IP licensing and basic system software, targeting AI training and inference scenarios, and providing computing power support for servers and industries including internet, finance, transportation, energy and manufacturing.
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Behind TUT's sharp price fluctuations, 20% of its total token supply has flowed from Binance to Bitget.
Today, sharp price swings in the TUT token led to $36 million in liquidations within an hour, sparking widespread market debate. The token has posted $570 million in spot trading volume and $2.5 billion in futures trading volume across the network in the past 24 hours. According to monitoring by Yu Jin, on-chain activity for TUT is mostly limited to transfers between major centralized exchanges (CEXs) by market makers or token controllers. The recent trend has seen TUT flowing from Binance to Bitget: over the past day and a half, 160 million TUT tokens, accounting for 20% of the total supply, have entered Bitget.
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Moore Threads plans to issue H shares and list on the Main Board of the Hong Kong Stock Exchange.
Moore Threads announced that its board of directors has reviewed and approved proposals related to the issuance of H shares and listing on the main board of the Hong Kong Stock Exchange (HKEX). The Chinese domestic semiconductor firm plans to issue overseas listed foreign shares (H shares) and apply for listing on the HKEX main board, and will select an appropriate timing and issuance window to complete the offering and listing within the validity period of the shareholders' meeting resolution or other periods extended with shareholder consent. The offering still requires review by the shareholders' meeting, as well as filing, approval and/or authorization from relevant government and regulatory authorities. Specific details have not been finalized yet, and there is significant uncertainty over whether the offering can be implemented. Moore Threads focuses on the independent R&D and design of full-function GPUs (General-Purpose Graphics Processing Units).
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Binance Alpha will launch a DAppOS (DOS) airdrop on August 10.
Per an official announcement, Binance Alpha will roll out an airdrop for DAppOS (DOS) on August 10. Eligible users can claim the airdrop via the Binance Alpha event page using their Alpha points once trading opens.
Block acquired 234 Bitcoin during the first half of 2026, bringing its corporate Bitcoin holdings to 9,117 BTC by June 30, the company disclosed in a recent filing.
However, a sharp decline in Bitcoin prices pushed the value of the holdings down to approximately $534 million as of June 30, from about $777 million at the end of 2025. The fintech company co-founded by Jack Dorsey recorded over $260 million in losses on its Bitcoin investments during the first half of 2026.
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The Bitcoin holdings were disclosed as part of Block’s second-quarter results, which showed continued momentum in its Cash App and Square businesses, helping offset weaker Bitcoin Ecosystem revenue.
Adjusted EPS rose 64.5% year-over-year to $1.02, beating the 86-cent consensus estimate, while revenue increased 9.3% to $6.6 billion. Total gross profit climbed by 24.8% to approximately $3.2 billion.
Cash App continued to be a key growth driver, with gross profit rising more than 30% year over year as Commerce Enablement and consumer lending activity expanded. Primary Banking Actives also grew strongly, while monthly transacting actives reached nearly 60 million.
Square also posted solid growth, with gross payment volume increasing at a double-digit rate and both US and international activity strengthening. Square gross profit rose at a low double-digit pace, supported by higher payment volumes, greater software adoption and growth in Financial Solutions.
Bitcoin Ecosystem revenue, however, declined by nearly 13% during the quarter.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
08/08 update below. This post was originally published on August 06
Bitcoin and crypto traders are still reeling from a massive $100 million bitcoin attack that sparked fears of a fresh bitcoin price crash.
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The bitcoin price has rebounded since the attack on hardware wallet Coldcard was first reported but remains near its recent lows, leaving traders nervously braced for a dramatic shock.
Now, as Elon Musk issues a game-changing prediction, bitcoin developers have used AI tools to find almost 5,000 security vulnerabilities across almost 400 projects in just 24 hours.
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ForbesBitcoin’s Worst Nightmare Has Suddenly Come TrueBy Billy Bambrough
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Bitcoin and crypto traders have been spooked by recent attacks on bitcoin—sparking fears of a bitcoin price crash.
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A volunteer group of bitcoin developers is carrying out a coordinated security audit that’s already found the situation is "extremely bad," identifying around 5,000 security vulnerabilities across almost 400 projects in 24 hours.
The findings include 85 critical and 635 high-severity bugs, most of which have already been verified by project owners.
08/08 update: Developers of the free, open-source bitcoin payment processor BTCPay have urged users to update their servers as a critical vulnerability is being "actively" exploited.
“We have confirmed that attackers exploited this vulnerability,” BTCPay’s X account posted. “Users were affected and funds were stolen. We are not publishing technical details yet because operators still need time to update.”
X was flooded with reports from users who have had their funds “drained” by attackers, many of whom are technically proficient and had believed their bitcoin was secure.
The attackers are thought to have gained access to BTCPay Server’s Lightning Network Daemon (LND) node, which facilitates faster and cheaper bitcoin transactions, via a security bug in versions before 2.4.2, allowing the hackers to steal the bitcoin in the LND node.
“Not a drill,” Francis Pouliot, the chief executive of Canada-based Bull Bitcoin, posted to X. “Tell everyone you know that is running BTCPay to turn it off right now.”
The team of volunteer bitcoin developers, styling themselves as the Bitcoin Red Team, have been credited with discovering the many of the recent bugs and exploits, spending a reported $40,000 in just the last week on AI tokens to audit around 400 open-source bitcoin projects.
Meanwhile, fears of further attacks on bitcoin projects, companies and infrastructure have spooked the market, weighing on the bitcoin price.
“Coldcard exploit and large exchange inflows drove selling,” analysts with 10X Research, led by Markus Thielen, warned in an emailed note to clients, highlighting the recent attacks as the reason for continued bitcoin price weakness.
The attacks on bitcoin over the last week have been roundly described as some of the worst to his the technology in its the last 15 years.
"Between the BTCPay Server and Coldcard critical exploits, the is the bitcoin puritan maxi 9/11," bitcoin and crypto investor Dan Held posted to X.
"We've grown to 16 globally distributed people working 24/7," Calle, the pseudonymous developer behind the Cashu ecash protocol, posted to X. “We're running a large-scale ecosystem security audit across bitcoin code bases.”
The auditors are using Moonshot’s Kimi K3 model, an open-weight, China-based artificial intelligence tool, with Calle claiming to be spending $10,000 per day on compute, thanking OpenSats for footing the bill.
“We have been working around the clock,” one of the auditors, chief executive of bitcoin insurance company AnchorWatch, Rob Hamilton, posted to X, adding his team has found some “critical issues.”
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Forbes‘This Is Money’—Elon Musk Is Quietly Leading A Financial RevolutionBy Billy Bambrough
The bitcoin price has crashed over the last year, with fears swirling that a further bitcoin price crash could be looming.
Forbes Digital Assets
Last week, the Coldcard bitcoin hardware wallet exploit saw almost 2,000 bitcoin, worth just over $100 million, being drained from more than 5,200 addresses in just a few days, sparking a debate around the safety of using technical, self-custody wallets.
The developers of the Coldcard wallet have urged users to move their funds, asking social media users to “help spread the word.”
"Please treat this as urgent," Coldcard's X account posted. "Migrate your funds. Follow the advisory for your model, upgrade your device, generate a new seed, and carefully move your funds ... The threat is still ongoing."
A wallet that’s been linked to a Coldcard hacker has received several deposits since last week, with some carrying messages attached via bitcoin's OP_RETURN function.
The wallet currently holds $36 million worth of bitcoin, the vast majority of which is believed to have been stolen.
One message, reading: "I clean btc, do kyc and cashout. I take 10%," appears to be a laundering pitch hoping to land the hacker as a client, it was reported by Coindesk.
Most of the other messages are pleas for the stolen bitcoin to be returned.
Bitcoin Improvement Proposal 110 entered its mandatory-signaling phase at block 961,632 on Saturday, with miners signaling support in just 51 of the preceding 2,016 blocks, or 2.53%, well below the 55% threshold required for early activation, according to the BIP-110 monitor.
Starting at block 961,632, nodes enforcing BIP-110 began rejecting blocks that did not set version bit 4, while ordinary Bitcoin nodes continued accepting both signaling and non-signaling blocks. A minority BIP-110 branch subsequently emerged, but quickly fell behind the dominant chain.
The low signaling rate makes a sustained rival chain unlikely without substantially greater miner participation. With relatively little mining support, a BIP-110 branch could advance slowly or stop producing blocks altogether.
The milestone tests whether supporters can advance a contentious consensus change without broad miner backing, potentially separating enforcing nodes from the dominant chain and escalating a dispute over how Bitcoin’s block space should be used.
BIP-110 seeks temporary limits on Bitcoin dataWritten by pseudonymous developer Dathon Ohm, BIP-110 proposes additional consensus restrictions lasting roughly one year.
It would limit most new output scripts to 34 bytes, cap OP_RETURN outputs at 83 bytes, restrict certain data pushes and witness elements to 256 bytes, and temporarily limit several Taproot features. Unspent transaction outputs created before activation would be exempt.
Supporters said the restrictions would discourage inscriptions and other non-monetary data that increase storage and bandwidth costs for node operators.
The proposal’s critics, including Strategy Executive Chairman Michael Saylor and Blockstream CEO Adam Back, have argued that the proposal could divide Bitcoin and cause nodes to reject transactions permitted under the network’s existing rules.
The proposal uses version bit 4 for miner signaling. Its deployment schedule sets blocks 961,632 through 963,647 as a mandatory-signaling window, during which nodes enforcing BIP-110 reject blocks that do not carry the signal.
The specification defines block 963,648 as the beginning of its locked-in state and block 965,664 as the point when its transaction restrictions take effect.
BIP-110 proponents have also discussed a more extensive fallback. On Aug. 1, Bitcoin developer Chris Guida rebased preliminary code for a proof-of-work change originally written by Bitcoin Knots maintainer Luke Dashjr.
Guida described the code at the time as a contingency if miners opposed BIP-110, but said no activation date had been set.
Magazine: 10 weirdest things ever tokenized... including farts
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Bitcoin Improvement Proposal 110 entered its mandatory-signaling phase at block 961,632 on Saturday, with miners signaling support in just 51 of the preceding 2,016 blocks, or 2.53%, well below the 55% threshold required for early activation, according to the BIP-110 monitor.
Starting at block 961,632, nodes enforcing BIP-110 began rejecting blocks that did not set version bit 4, while ordinary Bitcoin nodes continued accepting both signaling and non-signaling blocks. A minority BIP-110 branch subsequently emerged, but quickly fell behind the dominant chain.
The low signaling rate makes a sustained rival chain unlikely without substantially greater miner participation. With relatively little mining support, a BIP-110 branch could advance slowly or stop producing blocks altogether.
The milestone tests whether supporters can advance a contentious consensus change without broad miner backing, potentially separating enforcing nodes from the dominant chain and escalating a dispute over how Bitcoin’s block space should be used.
BIP-110 seeks temporary limits on Bitcoin dataWritten by pseudonymous developer Dathon Ohm, BIP-110 proposes additional consensus restrictions lasting roughly one year.
It would limit most new output scripts to 34 bytes, cap OP_RETURN outputs at 83 bytes, restrict certain data pushes and witness elements to 256 bytes, and temporarily limit several Taproot features. Unspent transaction outputs created before activation would be exempt.
Supporters said the restrictions would discourage inscriptions and other non-monetary data that increase storage and bandwidth costs for node operators.
The proposal’s critics, including Strategy Executive Chairman Michael Saylor and Blockstream CEO Adam Back, have argued that the proposal could divide Bitcoin and cause nodes to reject transactions permitted under the network’s existing rules.
The proposal uses version bit 4 for miner signaling. Its deployment schedule sets blocks 961,632 through 963,647 as a mandatory-signaling window, during which nodes enforcing BIP-110 reject blocks that do not carry the signal.
The specification defines block 963,648 as the beginning of its locked-in state and block 965,664 as the point when its transaction restrictions take effect.
BIP-110 proponents have also discussed a more extensive fallback. On Aug. 1, Bitcoin developer Chris Guida rebased preliminary code for a proof-of-work change originally written by Bitcoin Knots maintainer Luke Dashjr.
Guida described the code at the time as a contingency if miners opposed BIP-110, but said no activation date had been set.
Magazine: 10 weirdest things ever tokenized... including farts
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
A look at Bitcoin’s [BTC] spot flows from exchanges revealed that BTC worth $211.24 million moved into exchanges over the past week. On top of these inflows, analysis of the circulating supply in profit showed the market regime was between bottom discovery and liquidity accumulation.
The market sentiment has been predominantly pessimistic in 2026. The Fear and Greed Index readings have ranged between 28 and 40, while Bitcoin has seen high short-term volatility since March.
The $65K bottleneck has presented a considerable challenge to Bitcoin bulls lately. Additionally, capital inflows and fresh liquidity have been scarce. According to AMBCrypto, here are two reasons why further drawdown may be possible.
Whale activity and elevated CDD sound a warning Source: CryptoQuant The 7-day moving average of the Coin Days Destroyed metric spiked to highs not seen throughout 2026. It appeared to signal panic, like the February sell-off. And yet, it is likely that the Coldcard hack contributed significantly to the CDD.
Moreover, it could also have prompted unaffected long-term holders to move their tokens for safety reasons.
Though notable, the CDD spike must be read within the aforementioned context.
Source: CryptoQuant In the 2022 bear market, the exchange whale ratio (both the 30DMA and 7DMA) had been on a steady decline. This metric tracks the proportion of the top 10 largest inflow transactions relative to total exchange inflows.
An uptick in whale ratio implies whales account for a greater share of inflows. It is a bearish signal as large holder inflows can see sizeable selling pressure.
In the previous bear market of 2022-23, the exchange whale ratio was in decline. Inflow activity was more broadly distributed among smaller Bitcoin holders and whales were relatively inactive.
The exchange whale ratio remains elevated in 2026. A gradual drop-off in whale inflow activity would likely offer more constructive conditions for a market recovery.
Rising Open Interest could give way to another price nuke Source: CryptoQuant As Bitcoin retraced its losses in April and May, heartened speculative traders chose to re-enter the market in hopes of a recovery. Their hopes were wiped out after the June reset.
Fresh capital flows have not been strong enough to sustain a recovery. The pessimistic market sentiment reflected the doubt and fear still prevalent in crypto.
Rising OI without commensurate spot demand could lead to a squeeze scenario for BTC’s price action.
Final Summary Coin Days Destroyed saw a sizeable spike over the last few days, but the Coldcard exploit might explain this. High exchange whale ratios and the slow rise in Open Interest indicated the potential for another sell-off.
Bitcoin [BTC] continued to struggle as restricted capital inflows kept it near half its October 2025 all-time high.
Chart analysis from Alphractal’s Joao Wedson suggested Bitcoin could remain subdued until it cleared a key resistance structure.
Source: TradingView/X Wedson mapped the structure from Bitcoin’s October 2025 peak. The chart tracked a descending path where Bitcoin tested the upper resistance boundary three times across more than ten months.
However, BTC failed to produce a decisive breakout rally.
The formation usually turned bullish after a breakout gained sustained momentum. Bitcoin had yet to deliver such a move. A strong breakout could send Bitcoin back toward the channel’s origin near its October peak.
Bitcoin tested the resistance boundary again, and the odds of clearing it appeared to improve. The Moving Average Convergence Divergence (MACD) formed a bullish crossover. Its blue line moved above the orange signal line.
The crossover formed between Thursday and Friday. Such signals often preceded stronger momentum and a move into positive territory.
Source: TradingView At the same time, the Accumulation/Distribution Line showed buyers dominating the market. Buying Volume recently reached its highest level since 26th May.
These signals pointed to a higher probability of Bitcoin clearing resistance and holding a sustained move higher.
Is Bitcoin’s bottom near? Several on-chain indicators also flagged a higher chance that Bitcoin’s bottom was near.
AMBCrypto’s analysis showed that Bitcoin recently exited the Supply in Profit band’s “bottom discovery” zone.
Bitcoin historically traded in that zone before major rallies. The short-term holder (STH) realized-profit signal added to the case for a potential Bitcoin surge. No outcome was guaranteed. Still, confidence in a market rebound appeared to build.
CoinMarketCap’s 24-hour sentiment reading stood at +2.06. That offered little confirmation as sentiment remained broadly flat.
Final Summary Bitcoin tested a resistance structure that capped BTC rallies for more than ten months. BTC bottom signals strengthened, though flat market sentiment offered limited confirmation of a sustained recovery.
The SUI token has shown renewed signs of accumulation as buyers consistently defend the $0.66 to $0.67 support range, igniting optimism of a short-term recovery. At the same time, Sui is bolstering its blockchain security with advanced quantum-resistant signature technology, allowing users to upgrade their protection without changing their addresses or losing account history.
SUI holds key support, targets $0.72SUI was recently priced at $0.6972, rising 4.12% over the past 24 hours. The token’s 24-hour trading volume stood at $165.33 million, with a market capitalization of $2.84 billion. These figures reflect not only increased investor engagement but also a market structure pointing toward a potential shift in sentiment.
Crypto analyst BitGuru identified the $0.66–$0.67 zone as an active accumulation area, indicating buyers are holding firm at this critical support despite earlier declines. Maintaining this level may provide a crucial base for a possible trend reversal.
A decisive move above the $0.70 resistance zone, if sustained, could pave the way for SUI to test the $0.72 region. However, any break below the current support could undermine recovery prospects in the near term.
Participants are closely monitoring whether buying momentum can persist above $0.70, as a successful retest and consolidation could provide a springboard for further upside. Conversely, a failure to hold the support may prompt renewed selling pressure.
Quantum-resistant upgrade strengthens Sui’s securityAlongside price action, Sui has implemented two NIST-certified, quantum-proof digital signature algorithms designed to secure its blockchain against future quantum computing threats. One signature scheme will cover basic accounts, while the other will offer heightened protection for Move vaults, which hold high-value assets.
Existing Sui users can upgrade to quantum-safe keys derived directly from their recovery phrase. This migration enables users to retain their original address and complete account history, avoiding any disruption of funds or transaction records.
These advanced cryptographic features equip the Sui network for evolving digital threats, while offering seamless migration for existing users seeking enhanced protection.
Sui’s forward-looking upgrade positions its network to withstand potential advances in quantum computing, a technological shift that experts warn could one day compromise many traditional blockchain security protocols.
Market outlook and asset diversificationRecent bullish momentum in SUI aligns with broader upward moves across the cryptocurrency market, as investor confidence improves, following Bitcoin‘s price recovery from prior lows. Analysts emphasize that holding above current support remains pivotal for SUI’s prospects, with a potential breakout eyeing $0.72 as the next target.
Traders focused on technical patterns and resistance levels are also exploring new ways to diversify, as platforms such as 1stepSwap are making asset transition more accessible. By bringing real-world assets onto the blockchain, 1stepSwap enables investors to access shares of leading U.S. companies and commodities like gold and silver directly through their wallets. The platform’s notable feature is its ability to always find the best market price, letting users buy or sell top international stocks instantly and at favorable rates, supporting broader portfolio strategies.
As Sui continues to innovate both technologically and from a security standpoint, its price trajectory will likely depend on the outcome of the ongoing battle at support and resistance levels.
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.
The Bitcoin network has experienced a fork stemming from the BIP-110 proposal. Nodes supporting the proposal rejected blocks lacking a support signal at block height 961,632. As of now, the Bitcoin main chain has advanced to block 961,651, while the BIP-110 fork chain has only reached block 961,633, trailing the main chain by 18 blocks. BIP-110 is a one-year rule adjustment proposal aimed at restricting the writing of non-financial data in Bitcoin transactions, including uses such as Ordinals inscriptions. The proposal requires at least 1,109 blocks (55%) to send support signals within a cycle of 2,016 blocks (roughly two weeks) to activate, but only 51 blocks supported it in the previous cycle, accounting for just 2.53%. Currently, the BIP-110 chain still needs more miner support to continue advancing. Per the rules, the chain must reach block 963,648 to lock in the regulations, and will officially implement the restrictions starting from block 965,664, which will remain in effect for approximately one year. Earlier reports noted that Bitcoin developer Kevin Loaec warned that if the Bitcoin fork tied to the controversial BIP-110 proposal occurs this weekend, holders may face the risk of their actual BTC being transferred when selling fork chain tokens.
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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.
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A volunteer security team recently used cutting-edge AI models to scan roughly 150 codebases related to core Bitcoin projects, discovering over a dozen vulnerabilities spanning wallets, cryptography libraries, and infrastructure projects. According to reports, the team leveraged models including Kimi K3, OpenAI’s GPT Sol, Anthropic’s Claude Fable and Opus, and Z.ai’s GLM 5.2 to identify vulnerabilities and generate supporting documentation. Team members stated each researcher is now finding approximately one critical vulnerability per hour. Over the past 12 hours, the team has submitted security reports to multiple projects, though the specific affected projects have not been disclosed. Recent security incidents involving platforms like Coldcard and Boltz also highlight that AI is being used by both security researchers and malicious actors to discover software vulnerabilities at a faster pace.
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A crypto whale has accumulated LINK worth $3.22 million over the past 30 days.
According to Onchain Lens monitoring, a whale has accumulated 387,830 LINK tokens from Binance over the past 30 days, worth approximately $3.22 million. Thirteen hours ago, the whale transferred his entire LINK holding to his Safe wallet.
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.
TLDR: BIP-110 fork trails Bitcoin by 21 blocks after enforcing nodes rejected block 961,632 early on August 9. Only 51 of 2,016 blocks signaled BIP-110 support in the prior period, equal to just 2.53% miner backing. BIP-110 requires version bit 4 signaling through block 963,647 before forced lock-in begins at 963,648. The minority fork lacks automatic replay protection, creating operational risks for BTC holders moving coins. Bitcoin’s BIP-110 activation attempt has created a live minority fork after enforcing nodes rejected a non-signaling block at height 961,632. According to reports, most miners continued extending the existing network, quickly widening the gap between the two competing branches.
Source: X
By about 01:00 UTC on August 9, BIP110Monitor placed the main chain at block 961,654 and the enforcing branch at 961,633. That left the minority chain 21 blocks behind, while zero of the first 23 blocks in the new difficulty period signaled support.
BIP-110 Fork Falls Behind as Miner Signaling Stays at 2.53% The split began at block 961,632, marking the start of the proposal’s mandatory-signaling window. AntPool mined a non-signaling block, while Roughnecks produced a competing compliant block through OCEAN.
As a result, nodes enforcing BIP-110 rejected AntPool’s block and followed the alternative branch. Meanwhile, the larger non-enforcing network continued extending Bitcoin under the existing consensus rules.
Support for the proposal had already remained limited before the split. During the previous 2,016-block period, only 51 blocks signaled support, representing just 2.53% of the total. Basically, BIP-110 uses a modified BIP9 activation process.
Under its early lock-in rules, 1,109 of 2,016 blocks, or 55%, needed to signal support, but miner participation remained far below that threshold. Because the early threshold was not reached, BIP-110 entered mandatory signaling at block 961,632.
From that point, enforcing nodes began rejecting blocks that failed to set version bit 4. The mandatory-signaling requirement remains in effect through block 963,647. Under the proposal’s rules, the minority branch would then force lock-in at block 963,648. However, the proposal’s transaction restrictions would not activate immediately.
Those rules are scheduled to take effect at block 965,664 and remain active for 52,416 blocks before expiring. Therefore, the current fork centers primarily on signaling requirements and chain selection. It does not yet involve transactions violating BIP-110’s proposed temporary data restrictions.
Replay Risk Grows as Minority Chain Continues Without Protection Despite some social-media descriptions, BIP-110 is not a quantum-computing security upgrade. Instead, its official title is “Reduced Data Temporary Softfork,” reflecting its narrower purpose of temporarily restricting arbitrary data embedded in Bitcoin transactions.
The proposal introduces seven consensus rules covering scriptPubKeys, OP_RETURN data, witness payloads, and several Taproot-related structures. However, its “Complete” status in the BIPs repository does not mean Bitcoin has adopted the proposal.
Rather, the designation only indicates that the specification itself is considered finished. Actual adoption still depends on miners, users, exchanges, custodians, and other economic participants deciding which software and consensus rules they recognize.
Bitcoin Core has not adopted the BIP-110 implementation, while most hash power continues extending the non-enforcing chain. As a result, the main network has moved ahead considerably faster than the minority branch.
Because only limited hash power is supporting the enforcing fork, block production there can take much longer than Bitcoin’s standard target of roughly one block every 10 minutes. For BTC holders, therefore, the most immediate concern is operational rather than a failure of the dominant network.
The minority fork does not provide automatic replay protection before its later activation stage, creating additional risks when coins are moved. Consequently, a transaction made on one branch could potentially affect the same coins on the other branch. Developers have therefore cautioned holders against treating the split as a risk-free airdrop opportunity.
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.
A volunteer security team recently used cutting-edge AI models to scan roughly 150 codebases related to core Bitcoin projects, discovering over a dozen vulnerabilities spanning wallets, cryptography libraries, and infrastructure projects. According to reports, the team leveraged models including Kimi K3, OpenAI’s GPT Sol, Anthropic’s Claude Fable and Opus, and Z.ai’s GLM 5.2 to identify vulnerabilities and generate supporting documentation. Team members stated each researcher is now finding approximately one critical vulnerability per hour. Over the past 12 hours, the team has submitted security reports to multiple projects, though the specific affected projects have not been disclosed. Recent security incidents involving platforms like Coldcard and Boltz also highlight that AI is being used by both security researchers and malicious actors to discover software vulnerabilities at a faster pace.
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A volunteer security team recently used cutting-edge AI models to scan roughly 150 codebases related to core Bitcoin projects, discovering over a dozen vulnerabilities spanning wallets, cryptography libraries, and infrastructure projects. According to reports, the team leveraged models including Kimi K3, OpenAI’s GPT Sol, Anthropic’s Claude Fable and Opus, and Z.ai’s GLM 5.2 to identify vulnerabilities and generate supporting documentation. Team members stated each researcher is now finding approximately one critical vulnerability per hour. Over the past 12 hours, the team has submitted security reports to multiple projects, though the specific affected projects have not been disclosed. Recent security incidents involving platforms like Coldcard and Boltz also highlight that AI is being used by both security researchers and malicious actors to discover software vulnerabilities at a faster pace.
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Institutional capital isn’t waiting for regulatory perfection. For five trading sessions in a row, U.S. spot Bitcoin exchange-traded funds have absorbed fresh inflows, with Thursday’s total reaching $98.85 million, according to data from SoSoValue. The streak, the longest since mid-July, signals that professional allocators are quietly adding BTC exposure even as Washington debates the future of digital asset legislation.
Spot Ether ETFs didn’t miss the move. They pulled in $49.60 million on the same day, extending their own inflow run to four trading days. The parallel buying suggests the momentum is not isolated to Bitcoin but reflects a broader institutional tilt toward regulated crypto products. While the dollar amounts are modest compared to the blockbuster inflows seen earlier this year, the consistency carries weight at a moment when many have been questioning whether ETF demand had stalled.
A Quiet but Steady Institutional Pulse Daily ETF flow data has become a real-time sentiment gauge for institutional crypto positioning. After a choppy July marred by outflows and macroeconomic jitters, the consecutive inflows indicate that some large players are rebuilding positions. Traders often treat persistent ETF buying as a proxy for conviction, especially when it spans both BTC and ETH products in parallel.
The timing is notable. The Ethereum ecosystem, for instance, remains the most active blockchain by developer count, underpinning the narrative that ETH’s utility supports long-term demand. Meanwhile, networks like Sui are seeing their own institutional traction: an 18% price surge this year was driven in part by institutional staking and a major fintech partnership, as covered in a recent price analysis. These signals suggest that crypto’s institutional chapter is not limited to ETF vehicles alone, but flows into the spot funds remain the cleanest daily pulse check.
Regulatory Uncertainty Still Casts a Shadow Yet the inflows are not happening in a vacuum. Four days before a Senate vote, a landmark crypto bill is facing an eleventh-hour challenge from the banking industry, as noted in a detailed report on the legislation’s fate. The outcome could reshape how custodians, exchanges, and ETF issuers operate in the U.S. market. It’s exactly the kind of policy drama that has historically prompted institutional investors to pause. So far, ETF flows haven’t blinked.
That detachment could mean two things. Either institutional buyers are betting the bill will pass largely intact, or they are simply pricing in a regulatory trajectory that won’t derail the ETF wrapper itself. The latter seems more plausible given that spot Bitcoin ETFs already survived a prolonged SEC battle and have since become a fixture in many portfolios. Ether ETF approval, though more recent, cemented the product class.
What the Flows Signal, and What They Don’t The five-day streak is a positive data point, but it doesn’t tell the whole story. Trading volumes in the spot ETFs have been somewhat subdued relative to the first quarter, and the inflows are still far from the billion-dollar days that defined the initial launch frenzy. It’s a steady accumulation phase, not a speculative surge.
The $98.85 million figure, while respectable, is also small enough to be driven by a handful of large allocators rather than broad retail participation. That makes the streak fragile. A single negative macro print or an unexpected regulatory setback could flip flows back to outflows within a day. Still, the pattern of inflows into both Bitcoin and Ether products suggests that institutional conviction is deeper than short-term price action might imply.
As August progresses, market watchers will be looking to see whether the streak can extend through a full week, a threshold that could shift framing from “tactical rebound” to “renewed accumulation.” The macro backdrop—interest rate expectations, dollar strength, and equity market sentiment—remains the wild card. But for now, the inflow data offers a quiet counter-narrative to the regulatory noise: money is still moving in.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
Bitcoin yeni yılın başında başlayan sert düşüşün ardından 60.000 dolar seviyesinin altına kadar geriledi. O tarihten bu yana yatırımcıların en büyük sorusu BTC‘nin dip yapıp yapmadığı oldu. Üç tanınmış analistin aynı dönemde yükseliş beklentisini öne çıkarması dikkat çekse de Bitcoin’in geçmiş performansı, iyimserliğe temkinli yaklaşılması gerektiğini gösteriyor.
Ali Martinez, Michaël van de Poppe ve Merlijn The Trader, son değerlendirmelerinde Bitcoin’in mevcut düzeltmesini tamamlamış olabileceği konusunda benzer görüşler paylaştı. Üç analistin farklı göstergelerden hareket etmesi, kripto para piyasasında yeni bir yükseliş dalgası beklentisini güçlendirdi.
Ali Martinez, Bitcoin için en güçlü yükseliş senaryolarından birini ortaya koydu. Analiste göre zincir üstü veriler ve teknik göstergelerdeki iyileşme, BTC’nin yerel bir dip oluşturmuş olabileceğine işaret ediyor.
Martinez ayrıca satış baskısının azaldığını ve uzun vadeli yatırımcıların birikim yapmaya devam ettiğini belirtti. Bu iki gelişimin aynı anda ortaya çıkması, geçmişte önemli yükseliş hareketlerinin öncesinde görülen koşullara benziyor.
Analistin dikkat çektiği en önemli sinyallerden biri ise aylık grafikte Temmuz ayında ortaya çıkan TD Sequential alım sinyali oldu. Bu gösterge, 2022’deki son piyasa dibinin belirlenmesinde de başarılı olmuştu.
60 Bin Dolarlık Düşüş Neden Olumlu Görülüyor? Michaël van de Poppe, Bitcoin’deki hareketi makroekonomik açıdan değerlendirdi. Analiste göre BTC’nin 60.000 dolar bölgesine kadar gerilemesi, geçmiş boğa piyasalarında görülen düzeltmelere benzerlik taşıyor.
Bu tür düşüşler genellikle kaldıraçlı pozisyonların tasfiye edilmesine ve aşırı iyimserliğin temizlenmesine yol açıyor. Van de Poppe, mevcut hareketin derinleşen bir ayı piyasasından ziyade sağlıklı bir piyasa sıfırlanması olabileceğini düşünüyor.
Likiditenin yeniden piyasaya dönmesi ve alıcıların kademeli şekilde pozisyon almaya başlaması da bu görüşü destekleyen faktörler arasında gösteriliyor. Bu senaryonun gerçekleşmesi halinde Bitcoin’in yeniden yükseliş trendine geçmesi mümkün olabilir.
Bitcoin İçin Düzeltme Gerçekten Tamamlandı Mı? Merlijn The Trader da farklı bir teknik perspektiften benzer sonuca ulaştı. Analist, Bitcoin’in klasik bir kırılma ve yeniden kazanım formasyonu oluşturduğunu ve bu yapının çoğu zaman düzeltmelerin sona erdiği dönemlerde ortaya çıktığını belirtti.
Ancak bu sinyallerin tamamı kripto yatırımı açısından tek başına kesin bir alım göstergesi oluşturmuyor. Teknik göstergeler, zincir üstü veriler ve piyasa yapısı olumlu bir tablo sunsa bile Bitcoin’in yeni bir yükseliş hareketini doğrulaması gerekiyor.
Dolayısıyla mevcut veriler, ayı piyasasının kesin olarak sona erdiğini değil, toparlanma ihtimalinin güçlendiğini gösteriyor.
Bitcoin Geçmişte Piyasayı Nasıl Yanılttı? Bitcoin’in geçmişi yatırımcıların aşırı güven konusunda dikkatli olması gerektiğini gösteriyor. Son on yılda BTC, piyasanın çoğunluğunun beklediği yönün tersine hareket ederek yatırımcıları defalarca şaşırttı.
COVID-19 kaynaklı piyasa çöküşünün ardından gelen güçlü yükseliş ve 2022’nin sonlarında FTX çöküşü sonrasında başlayan toparlanma buna örnek oluşturuyor. Buna karşılık piyasanın aşırı iyimser ve açgözlü hale geldiği dönemlerde sert düşüşler de yaşandı.
Ekim 2025’teki çöküş ve sonrasında gerçekleşen yüzde 55’lik düzeltme, bunun en yakın örneklerinden biri olarak öne çıkıyor. Bu nedenle üç analistin yükseliş beklentisi önemli olsa da piyasanın beklentileri tersine çevirme ihtimali göz ardı edilmemeli.
Yükseliş Beklentisiyle Hareket Etmek Doğru Mu? Analistlerin işaret ettiği göstergelerin önemli bölümü gerçekten olumlu sinyaller veriyor. Ancak Bitcoin fiyatı henüz yeni bir yükseliş trendini kesin olarak doğrulamış değil.
Geçmişte en güçlü hareketlerin önemli bölümünün büyük piyasa şoklarının ardından geldiği düşünüldüğünde, yalnızca piyasa duyarlılığına bakarak agresif pozisyon almak risk taşıyor. Bu nedenle yatırımcıların zincir üstü verileri, teknik göstergeleri ve piyasa likiditesini birlikte değerlendirmesi daha sağlıklı bir yaklaşım olabilir.
Genel görünüm hâlâ Bitcoin lehine olsa da piyasada herkesin aynı yönde beklenti oluşturması tek başına yükseliş garantisi sunmuyor.
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.
Bitcoin son bir haftada 62.000-65.000 dolar aralığında sıkışık bir görünüm sergiledi. Bitcoin için zincir üstü veriler olası bir toparlanma ihtimalinin güçlendiğine işaret ederken, uzun vadeli spot akışları satıcıların piyasadaki etkisini tamamen kaybetmediğini gösteriyor.
Mevcut veriler, son düzeltmenin ardından aşağı yönlü riskin bir miktar azalmış olabileceğini ortaya koyuyor. Ancak henüz piyasanın kesin bir dip oluşturduğunu söylemek için yeterli teyit bulunmuyor.
Bitcoin İçin Dip Sinyalleri Güçleniyor Mu? Bitcoin’in dolaşımdaki arzının ne kadarının kârda olduğunu gösteren Supply in Profit metriği önemli bir sinyal sunuyor. Verilere göre yaklaşık 11,44 milyon BTC kârda bulunuyor.
Bu gösterge, Bottom Discovery ile Liquidity Accumulation arasında yer alan alt piyasa bandında kalmaya devam ediyor. Geçmiş dönemlerde Bitcoin’in bu bölgeye girmesi, çoğu zaman güçlü toparlanmaların öncesinde görüldü.
Bununla birlikte tek başına Supply in Profit verisi, mevcut döngünün dibinin kesin olarak oluştuğunu kanıtlamıyor. Gösterge daha çok son fiyat düzeltmesinin ardından satış riskinin önceki döneme kıyasla hafiflemiş olabileceğine işaret ediyor.
Kısa Vadeli Yatırımcılar Ne Söylüyor? Kısa vadeli yatırımcıların davranışını değerlendirmek için Short-Term Holder Realized Price verisi de öne çıkıyor. Bu gösterge, bir haftadan bir aya kadar Bitcoin tutan yatırımcılarla bir ila üç aylık yatırımcıların gerçekleşen fiyatlarını karşılaştırıyor.
Grafikte 1W-1M grubunu temsil eden turuncu çizgi, 1M-3M grubunun yeşil çizgisinin altında kalıyor. Ancak iki çizgi arasındaki mesafenin giderek azalması dikkat çekiyor.
Turuncu çizginin yeşil çizgiyi yukarı yönlü kesmesi boğa geçişi anlamına gelecek. Böyle bir hareket, daha yeni Bitcoin alıcılarının giderek daha yüksek fiyatlardan piyasaya girdiğini ve talebin güçlendiğini gösterebilir.
Şimdilik bu kesişim gerçekleşmedi. Dolayısıyla Bitcoin fiyatı açısından güçlü bir toparlanma teyidi henüz oluşmuş değil.
Bitcoin İçin Sermaye Akışı Yeterli Mi? Spot akışları farklı zaman dilimlerinde birbirinden ayrışan bir tablo ortaya koyuyor. Son 24 saatlik veride borsalardan 22,36 milyon dolar değerinde Bitcoin çıktı.
Borsalardan gerçekleşen bu çıkış, anlık olarak satışa sunulabilecek BTC miktarını azaltıyor. Ancak daha uzun vadeli veriler satıcı baskısının tamamen ortadan kalkmadığını gösteriyor.
Yedi günlük Spot Netflow verisi, borsalara 211,24 milyon dolarlık Bitcoin girişi olduğunu ortaya koydu. 15 günlük veride ise 163,30 milyon dolarlık Exchange Inflow kaydedildi.
Bu rakamlar, özellikle daha uzun zaman dilimlerinde satış tarafındaki arzın hâlâ piyasada bulunduğunu gösteriyor. Alıcı talebi bu arzı karşılamadığı sürece Bitcoin’in mevcut yatay bant içerisinde hareket etmesi mümkün.
Bitcoin İçin Hangi Sinyal Takip Edilmeli? Mevcut tablo, dip oluşumuna yönelik bazı olumlu işaretler taşısa da henüz kesin bir dönüş sinyali vermiyor. Supply in Profit göstergesinin alt piyasa bandında bulunması ve kısa vadeli yatırımcıların gerçekleşen fiyatlarının birbirine yaklaşması olumlu gelişmeler arasında yer alıyor.
Buna karşılık 7 ve 15 günlük borsa girişleri, satış baskısının tamamen sona ermediğini ortaya koyuyor. Bu nedenle yatırımcıların yalnızca tek bir zincir üstü göstergeye odaklanmak yerine arz kârlılığı, kısa vadeli gerçekleşen fiyat ve spot sermaye akışlarını birlikte değerlendirmesi gerekiyor.
Bitcoin için asıl teyit, kısa vadeli yatırımcı gerçekleşen fiyatlarında boğa kesişiminin oluşması ve uzun vadeli borsa girişlerinin zayıflamasıyla gelebilir.
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.
Jiang Zhuoer, a well-known figure in the cryptocurrency world, argued that despite the rise in Bitcoin, the bull run has not yet begun.
Jiang Zhuoer, founder of the B.TOP mining pool, stated that current capital flows in the cryptocurrency market do not signal the start of a new bull market, and pointed to the possibility of a final decline for Bitcoin after a short-term rise.
According to data shared by Jiang Zhuoer, the outflow trend in stablecoin supply in the cryptocurrency market continues. Over the past month, the total market capitalization of stablecoins has decreased by approximately $2.23 billion.
During this period, Tether’s (USDT) market capitalization decreased from $184.2 billion to $183.1 billion, while USD Coin’s (USDC) market capitalization fell from $73.28 billion to $72.15 billion.
Zhuoer argued that the decline in stablecoin supply indicates that new capital inflows into the market are still weak, and that current funding conditions do not support the start of a bull market.
Zhuoer stated that Bitcoin could rebound in the short term, predicting that the price could reach a maximum of $68,000-$70,000. According to the analyst, Bitcoin might experience “one last drop” after short positions are liquidated during this rise.
*This is not investment advice.
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8 August 2026 | 23:44 Bitcoin may have found its correction floor around $57,800 after June and July produced almost identical lows.
Price has since recovered toward $65,000 and reclaimed several long-term reference levels. The rebound now faces a cost-basis barrier near $67,000, while heavy long positioning keeps the risk of another liquidation-driven selloff alive.
Key Takeaways A monthly close above the 50-month SMA would strengthen the bottom case. The $61.5K cost basis is a market reference, not guaranteed buy-side support. Coldcard-driven wallet activity should not be mistaken for fresh Bitcoin demand. A break below the June-July lows could turn leverage into additional selling pressure. The $57.8K Floor Bitcoin reached roughly $57,900 in June and returned to almost the same level in July, when price fell to about $57,750. The two monthly lows were separated by only around $150.
BTC/USD monthly price chart highlighting long-term market structure and moving averages / Source: Post in X from Filip Vantchev, owner of Coindoo.com. August has so far produced a different structure. The current monthly low sits near $62,200, more than $4,000 above the June-July floor.
The higher low remains provisional until August closes, but so far there has been less downside follow-through than in June and July.
Reclaiming the $61K Zone Bitcoin’s 50-month SMA currently sits near $60,800. Price traded below it during the correction and has since moved back above the average, with the lower boundary of the long-term rising channel running through the same broad region.
A CryptoQuant analysis places the realized price of Binance user deposit addresses around $61,500. Bitcoin also fell below that level before recovering it.
CryptoQuant chart illustrating Bitcoin cost-basis comparisons across different cohort types. The $61,500 figure represents a cost basis rather than visible buy-side liquidity. CryptoQuant notes, however, that recent moves below the area have been followed by relief buying.
With the cost basis and 50-month SMA sitting relatively close together, the $60,800-$61,500 region becomes an important area to watch during any pullback.
A monthly close above the 50-month SMA would strengthen the case that the June-July lows marked the bottom of the correction.
Momentum is still lagging behind price. Monthly RSI remains around 44, below its neutral 50 level.
CryptoQuant’s $67K Cost Basis Is the Next Test The same CryptoQuant analysis places the realized price of newer whales near $67,000.
Unlike the 50-month SMA, the $67,000 level comes from on-chain cost-basis data rather than the monthly price chart. It represents the average acquisition price of CryptoQuant’s newer-whale cohort, which the analysis says could generate selling pressure as those holders approach breakeven.
A sustained move above $67,000 would clear that cost-basis barrier and add weight to the recovery from the June-July lows.
A rejection there would leave the rebound incomplete and put the recently recovered support below current price back into focus.
Santiment’s Wallet Spike Needs Context Santiment reported 2.27 million newly created Bitcoin wallets over the latest week, its highest network-growth reading in a year. Around 751,000 wallets were active, the strongest level in 10 months.
Santiment chart tracking Bitcoin’s largest network growth week of the year. Santiment links much of the increase to the Coldcard security incident, which prompted users to move Bitcoin and create fresh wallets. The episode also reopened the custody questions examined in our analysis of the Coldcard flaw and the Bitcoin wallet-versus-ETF debate.
Moving existing coins into newly generated wallets can increase network growth and activity without introducing new capital.
The spike does not show that investors accumulated around the June-July lows. Activity after the Coldcard-related transfers fade will offer a cleaner indication of whether network usage remained elevated.
Leverage and Liquidation Risk The $57,800 area held in both June and July, but leveraged positioning still leaves a path for another move lower.
Joao Wedson warned that $57,000 and below remains an area of concern, pointing to a current dominance of unliquidated long positions over shorts.
$57,000 and below still concerns me.
Before Bitcoin formed its 2022 bottom, the market went through one final major liquidation event.
Now we are once again seeing a clear dominance of unliquidated longs over shorts.
These levels change constantly, so I strongly recommend… pic.twitter.com/ilUSJa1ZZc
— Joao Wedson (@joao_wedson) August 8, 2026
His concern is that another sharp decline could force leveraged longs out of the market, adding mechanical selling pressure as Bitcoin approaches the same area that stopped the correction in June and July.
Wedson compares the setup with Bitcoin’s 2022 bottom, which was preceded by a major liquidation event. That historical comparison does not mean another final flush is required, but the current leverage still leaves forced selling as a downside risk.
A decisive break below $57,750-$57,900 could therefore combine a technical breakdown with forced selling from leveraged longs.
Below that floor, CryptoQuant places miner-related cost bases near $51,000 and long-term holder whale cost bases in the upper-$40,000 range.
Neither is an immediate target. They become relevant only if Bitcoin first loses the reclaimed $60,800-$61,500 area and then breaks the June-July lows.
Methodology: The analysis combines the BTC/USD monthly chart, 50-month SMA, monthly RSI and long-term trend structure with realized-cost-basis data from CryptoQuant, Bitcoin network-growth and active-address data from Santiment, and liquidation-market observations cited from Joao Wedson. On-chain activity and liquidation positioning are used as supporting context rather than standalone confirmation of price direction. Disclaimer: This article is provided for informational and educational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and technical, on-chain or derivatives signals can fail. 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.
The official of Trump's commemorative coin series announced the launch of the "Unity" commemorative silver bar, paying tribute to Trump's iconic salute gesture.
Official Trump Coins has announced the launch of the "United We Stand" commemorative silver bar. The piece features a bold full-color design, paying homage to an iconic moment from Donald J. Trump’s presidency: his signature salute in front of a waving American flag. Framed by the presidential seal and the phrase "UNITED WE STAND", the silver bar honors the timeless spirit of resilience, leadership, and enduring unity. It is available in 1-ounce and 10-ounce versions. Trump has personally promoted commemorative coins from Official Trump Coins on multiple occasions, describing them as "the only official coins designed by me"—including the first and second editions of silver medallions released earlier. U.S. media points out that Official Trump Coins is actually operated by Trump’s sons Eric Trump and Donald Trump Jr., who are authorized to use Trump’s image.
3 hours ago
US crude oil inventories have posted a historic decline to 712 million barrels, hitting their lowest level since March 1984.
US crude oil inventories are experiencing an unprecedented decline: total inventories have fallen for 17 consecutive weeks, the longest such decline period on record. This streak surpasses the previous record of 16 straight weeks of decline set in 2021. Since early April, total crude inventories have dropped by 166 million barrels to 712 million barrels, hitting their lowest level since March 1984. US Strategic Petroleum Reserve (SPR) inventories alone have decreased by 111 million barrels since March, currently standing at 305 million barrels, the lowest level since February 1983. Meanwhile, US gasoline inventories have declined for 10 consecutive weeks, matching the 2018 record.
3 hours ago
AI stock guru Leopold becomes a 'hero' after his liquidation, sparking a craze among Silicon Valley capital.
After 25-year-old rising Wall Street AI stock prodigy Leopold’s hedge fund Situational Awareness faced a margin liquidation, Silicon Valley capital has instead launched a wave of pursuit for him. Insiders revealed that a large number of Silicon Valley investors have contacted the fund voluntarily within just a few days, expressing their willingness to add investment. Sequoia Capital partner Pat Grady publicly stated he will remain a key figure in Silicon Valley for the long term; veteran venture capitalist Elad Gil even announced his first application to invest in the fund; Redpoint Ventures managing director Logan Bartlett bluntly said, “There’s a hero archetype here—Leopold got punched, but it sparked everyone’s unity.” Despite the heavy blow, the fund has still posted around 80% positive returns this year, with its remaining portfolio valued at roughly $100 billion. However, Situational Awareness has informed investors it is temporarily not accepting new capital. In a letter to investors, Leopold announced he has unwound all leverage, characterizing the crisis as a costly but invaluable lesson, and will at least temporarily stop using bank prime brokerage services to amplify positions. This incident has laid bare the deep divide between Silicon Valley and Wall Street: Wall Street views it as a classic case of excessive leverage, with S3 Partners’ founder pointing out bluntly, “This is a super-concentrated, super-crowded, and super-high-leverage position”; Barclays even previously refused to take the fund on as a client citing excessive industry concentration; while Silicon Valley sees it as a buying opportunity at a low point. A New York University professor explained that Silicon Valley rewards those who make correct judgments on transformative technology directions, while Wall Street rewards those who generate risk-adjusted returns while preserving principal.
3 hours ago
Berkshire Hathaway has shifted from a wait-and-see stance to taking action, bringing an end to its 14-quarter streak of net stock selling, with net purchases of roughly $20 billion in stocks during Q2.
Berkshire Hathaway released its Q2 2026 financial report today, with the market’s most closely watched detail being that its cash reserves dropped to $365.51 billion in the second quarter, down from approximately $397.4 billion in Q1. This marks the end of Berkshire’s 14 consecutive quarters of net selling, its first period of significant net buying since Q4 2022. In Q2, Berkshire’s net stock purchases totaled nearly $20 billion, including a roughly $10 billion private placement in Alphabet, Google’s parent company, to support its AI data center and other investments. It also acquired homebuilder Taylor Morrison for approximately $6.8 billion—a full acquisition, not an open-market stock trade—and repurchased about $4.5 billion of its own shares. After accounting for these major items, there remains roughly $3 billion in "unexplained" net open-market equity purchases, with specific stocks to be disclosed in the 13F filing around August 14. Alphabet has now officially entered Berkshire’s top five holdings, alongside American Express, Apple, Bank of America, and Coca-Cola, with these five core positions making up roughly 66% of its stock portfolio. Buffett previously noted that the prolonged net selling cycle was driven mainly by high market valuations, which made it difficult to find sufficiently attractive opportunities. This shift is viewed as a clear signal of more active capital allocation since Greg Abel took over as CEO, with Berkshire moving from "waiting patiently" to "taking action."
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Vance briefs on Iran 'negotiations': Some progress has been made in the past few days
US Vice President Vance stated that some progress has been made in Iran negotiations over the past few days. Key focuses include maximizing oil and gas production in the Strait of Hormuz, and securing Iran’s commitment to refrain from firing on ships.
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Nansen Founder: Bitcoin Will Never Drop Below $60,000 Again, No Signs Global Monetary Easing Cycle Is Ending
Nansen founder and CEO Alex Svanevik stated that Bitcoin’s current price of roughly $60,000 may have marked the low point of this cycle. “I personally don’t think Bitcoin will drop below $60,000 again— that’s a thing of the past, and I believe it’s forever,” he said. Svanevik’s assessment is rooted in Bitcoin’s role as a hedge against global central bank monetary expansion, with no signs of an imminent end to the global monetary easing cycle. He added that the crypto industry is undergoing a fundamental shift: crypto assets were previously in the “toy world” phase of blockchain, and are now entering the “real world” era. On the public chain ecosystem, Svanevik holds a long-term bullish stance on Solana, dismissing the view that it is merely a “meme coin chain” as completely absurd. He praised Solana for having “possibly the most effective business development (BD) team” and an “incredible team.” However, Svanevik refused to translate this positive outlook into a specific price prediction for SOL: “Intuitively, I would expect it to rise, but I can’t be certain.” Svanevik is also optimistic about Robinhood Chain, which launched just this July. He argues that it is emerging as a strong competitor to Base thanks to its outstanding user distribution capabilities, but judges that Robinhood is unlikely to issue a token. The reasons: first, it has no need to do so; second, as a Nasdaq-listed company, issuing a token would logically conflict with competing against its own stock. “All value should be channeled into HOOD stock,” he noted.
Strategy’s (NASDAQ:MSTR) Michael Saylor asserts Bitcoin can progress independently as the U.S. Senate postpones a vote on the CLARITY Act. Michael Saylor, executive chairman of Strategy Inc., the publicly traded company formerly known as MicroStrategy and the largest corporate holder of Bitcoin, has drawn a clear distinction between the cryptocurrency’s trajectory and pending US legislation.
In a recent statement on the social platform X, Saylor declared that Bitcoin itself does not require the Digital Asset Market Clarity Act, commonly called the CLARITY Act, while emphasizing that the United States does need greater regulatory definition for digital assets.
The comments arrived as Senate Majority Leader John Thune announced that action on the market structure bill would be deferred until September.
Lawmakers had been expected to advance the measure before the August recess, but ongoing negotiations over how oversight responsibilities would be divided among federal agencies, along with other provisions, prompted the delay.
The revised timeline provides additional room for bipartisan discussions on consumer protections, market rules, and the respective roles of regulators.
The CLARITY Act aims to create a more coherent federal framework for digital assets.
It would clarify jurisdictional boundaries, set standards for market participants, enhance safeguards for users, and give companies operating in the United States clearer guidance on compliance.
Proponents view it as a way to reduce uncertainty that has hindered institutional involvement and innovation in the broader cryptocurrency sector.Saylor’s latest remarks build on earlier positions.
Just days before the delay became public, he and Strategy had voiced support for advancing the legislation through cooperative efforts.
He previously noted that establishing durable rules would help protect property rights, foster innovation, and bolster American capital markets.
At the same time, he consistently maintained that Bitcoin’s success does not hinge on any single piece of legislation. The cryptocurrency, in his view, will continue to develop regardless of the outcome in Washington.
This perspective aligns with Saylor’s long-held thesis that Bitcoin operates according to its own decentralized principles and does not depend on any nation’s regulatory regime for its fundamental value or network integrity.
He has repeatedly framed the asset as a form of digital capital whose adoption is driven by global demand from individuals, corporations, and institutions rather than by the pace of US lawmaking.
Clearer American rules, he has suggested, would primarily benefit the country’s competitive position in digital finance and could accelerate participation by traditional financial players.
Bitcoin doesn’t need CLARITY. America needs clarity.
— Michael Saylor (@saylor) August 7, 2026
Strategy has built a significant treasury strategy around Bitcoin, converting substantial corporate resources into the asset over recent years.
Saylor’s public advocacy has helped position the company as a high-profile corporate proponent of the cryptocurrency.
His comments therefore carry weight within industry circles, where many participants watch legislative developments closely for signals about the operating environment in the world’s largest capital market.
The postponement underscores the challenges of crafting comprehensive digital asset legislation amid differing priorities among lawmakers.
Supporters of the bill argue that delayed clarity risks leaving US firms at a disadvantage relative to jurisdictions that have already established more defined regimes.
Critics or those seeking further changes have pressed for additional negotiations on specific details.
Saylor’s response reframes the discussion by separating Bitcoin’s inherent resilience from the policy needs of the United States.
While the leading cryptocurrency can continue its advance on its own terms, he contends, American markets and innovators stand to gain from resolved rules that reduce ambiguity and encourage responsible growth in the digital-asset space.
The next opportunity for Senate consideration is now expected after the summer break, keeping attention on whether lawmakers and regulatory authoris in general can bridge remaining differences in the coming weeks.
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.
The regulatory ambitions of the American crypto industry have just suffered a serious setback. In Congress, political divisions have blocked the review of a bill intended to lay the foundations of the first real federal framework for the crypto market. This setback occurs as banks, asset managers, and companies in the sector demand clear rules to accelerate their investments. Faced with this paralysis, the leading figures of the ecosystem rekindle a fundamental debate: does bitcoin really need a political framework to continue its development, or does its strength lie precisely in its independence?
In Brief The US Senate blocks the crypto bill, sparking a viral reaction from Michael Saylor. The vote on the CLARITY Act is postponed to September 2026 amid political divisions. Clear regulation remains crucial to unlock massive corporate investments. The decentralized network continues its global expansion, unaffected by decisions in Washington. Capitol Blockage : when the Senate postpones the vote on the CLARITY Act The leader of the majority in the US Senate, Republican John Thune, officially postponed to September the review and vote on the CLARITY Act. This bill aims to establish a comprehensive regulatory framework for cryptos in the United States. Faced with this legislative setback in Washington, Michael Saylor, executive chairman of Strategy, publicly intervened on August 7 on the social network X with a sharp phrase: “bitcoin does not need CLARITY. America needs clarity”.
To fully understand the elements related to this postponement, here are the important facts to remember :
The parliamentary postponement : Senator John Thune delayed the vote to September due to prolonged discussions on the distribution of federal oversight ; A political deadlock : according to reports, Democratic senators plan to refuse the closure procedure, thus paralyzing the advancement of the bill ; The objective of the bill : the law aims to define the structure of the crypto market, investor protection, and the prerogatives of regulatory agencies ; Strategy’s leader reminds that crypto operates independently of the decisions of American lawmakers. The postponement decided by Senate leadership provides additional time for lawmakers to try to negotiate provisions related to market structure and to decide on the exact distribution of oversight prerogatives among various federal regulatory agencies. However, for industry observers, this suspension of debates reveals the political tensions slowing the adoption of clear rules for crypto businesses operating on American soil.
By stating that bitcoin can continue its progress regardless of the outcome of the CLARITY Act, Michael Saylor reminds us that the premier crypto operates according to its own protocol rules, while the delay accumulated by the US Congress is likely to penalize local economic actors by leaving them in prolonged legal uncertainty.
A major financial issue While he believes that the Bitcoin network can do without American legislators, Michael Saylor remains a strong supporter of a formalized legal framework for the financial ecosystem. As early as May, the executive chairman of Strategy emphasized that the CLARITY Act had the potential to unlock “the next wave of digital capital, digital credit, and digital equities”, describing the law as an essential structure to promote large-scale institutional adoption.
This position in favor of a political compromise was reiterated on July 31 in an official statement where he said: “I support advancing the CLARITY Act through bipartisan work aimed at establishing clear and lasting rules, protecting property rights, promoting innovation, and strengthening American capital markets. Bitcoin will succeed with or without legislation, but America needs clarity for digital assets”.
For Strategy, which has made bitcoin the central pillar of its corporate treasury policy, regulatory clarity remains an essential vector to encourage companies and traditional financial institutions to integrate cryptos into their balance sheets. In the absence of clearly defined rules by federal authorities, many large companies and investment funds still hesitate to take the step of asset allocation. The establishment of durable texts would secure intellectual and financial property rights while stimulating local capital markets. The postponement of the vote thus limits the massive arrival of these institutional funds on the American market.
The global resilience of bitcoin against political timelines Beyond simple American legal considerations, bitcoin’s global trajectory fits into a much broader dynamic that escapes the exclusive control of Washington’s policymakers. According to Michael Saylor’s analysis, the network’s maturation is shaped by the ongoing interaction of “four rival ideologies” that confront and coexist: institutional adoption, cypherpunk principles, state interventionism, and development guided by market forces. Bitcoin’s long-term evolution thus continues independently and detached from regional parliamentary timelines.
While the US Senate now sets its deadline in September to try to break the deadlock, the evaluation and integration of cryptos by investors, companies, and international financial institutions continue to progress globally. This dynamic demonstrates that capital digitization follows a global economic logic that national legislative delays cannot stop. The protocol maintains its decentralized operation without alteration, proving its ability to progress outside state structures.
In sum, the postponement of the CLARITY Act highlights a fundamental duality within the crypto ecosystem. On one hand, the American financial market urgently needs clear federal directives to provide legal certainty to companies, protect investors, and prevent innovation from fleeing to more welcoming jurisdictions. On the other hand, bitcoin’s decentralized nature allows it to continue its expansion without relying on the approval of any specific government. While the parliamentary meeting in September proves critical to determining the United States’ place in tomorrow’s financial economy, it constitutes only another step in the ongoing global adoption process of crypto.
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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.
Bitcoin currently consolidates near the mid-$60,000s, with traders closely monitoring the major resistance zone between $69,000 and $70,000, and a critical support level near $57,000. Market observers note that price action within this range could determine the next major move for BTC, as the technical structure remains compressed and momentum appears cautious.
Bear-Market Pattern Points to $57,000 as Key Downside AreaCrypto analyst Gum, known as @gumsays on X, identifies a repeating bear-market pattern on Bitcoin’s monthly chart. According to his analysis, BTC has fallen below a major long-term exponential moving average (the 50-month EMA, currently positioned at $65,768) and is now struggling to reclaim that level. At the time of analysis, Bitcoin trades slightly below this EMA benchmark.
Gum highlights parallels with the 2022 bear market, noting that Bitcoin has rejected attempts to climb back above its long-term moving average, similar to rejections observed in previous cycles. These failed recoveries historically led to deeper price declines and the formation of new market lows.
He points to $57,000 as a crucial downside support. If Bitcoin breaks below this threshold, Gum points out that further downside risks could emerge, potentially opening paths toward $53,000, $49,000, and $45,000. These price zones represent additional supports identified in his commentary if broader risk-off sentiment prevails.
Gum sees $57,000 as the decisive level: a loss of this support could trigger a steeper move lower, possibly mirroring the downward sequence that brought Bitcoin to its previous cycle bottom.
Momentum supports a cautious outlook. The monthly relative strength index (RSI) is calculated at 44.34, which sits below the neutral 50 mark but remains above levels typically considered oversold. This signals weakening momentum and a lack of conviction among buyers, though not extreme panic selling. Gum also believes the current trajectory could produce a slow grind higher through August, followed by renewed selling if the bearish pattern repeats.
However, the analyst stresses that these developments remain a scenario—not a confirmed repeat—of previous market cycles. For the bearish thesis to weaken, Bitcoin must reclaim the $65,768 moving average and show a clear monthly recovery.
Support ZoneRole$57,000Primary downside support, potential breakdown level$53,000Secondary downside target$49,000Tertiary downside support$45,000Deeper long-term support in bear caseMini dictionary: 50-month EMA — The 50-month exponential moving average is a technical indicator that smooths out price data over 50 months. It helps traders and analysts identify long-term trend direction and significant inflection points in price behavior.
Compression Builds at Resistance Cluster Near $69,000–$70,000A separate analysis from trader Daan Crypto Trades underlines that Bitcoin is now approaching a critical resistance cluster between $69,000 and $70,000 on the weekly chart. Several major technical indicators, including the bull-market support band and long-term exponential moving averages, currently align in this narrow band, making it a key reclaim zone for the bullish case.
Daan points out that a weekly close above $69,000 would provide the strongest bullish signal and shift market sentiment back in favor of buyers.
The weekly BTC/USDT chart highlights several resistance levels in this area: $69,172, $69,205, and $69,312. These tightly grouped resistance points create a dense zone, and analysts suggest that only a sustained weekly close above $70,000 would meaningfully improve Bitcoin’s market outlook.
Below current levels, Bitcoin trades just above its weekly 200-period moving average, situated near $63,761. Daan observes that BTC has also made a series of slightly higher lows in recent weeks, reflecting ongoing support from buyers even as resistance tightens above.
Despite this, Daan sees the technical setup as binary: reclaiming $69,000–$70,000 may trigger a fresh bullish breakout, while another rejection at resistance could lead to another test of deep support. Fibonacci retracement analysis places the next major downside level at $57,825, posting a clear overlap with the critical $57,000 zone outlined by other analysts.
In summary, Bitcoin remains trapped between significant support near $57,000 and key resistance around $69,000–$70,000. As trading volumes compress and major weekly and monthly technical benchmarks converge, market participants watch for a breakout in either direction.
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.
The crypto market has yet to shake off the turbulence that has rattled it for weeks. The signals also failed to rule out a further decline in the coming weeks.
Capital flow drove much of that weakness, particularly as stablecoin supply kept falling short of demand.
Global M2 supply, another major market lever, climbed steadily without delivering the growth many had priced in.
Can Global M2 supply lift crypto? Alphractal recently reported that Global M2 money supply jumped by roughly $1 trillion in a single week.
China accounted for roughly 80% of that increase, or $800 billion. Other economies accounted for the remainder.
Global M2 supply captures cash and liquid deposits across the world. It acts as a primary liquidity source for risk assets. Expanding M2 can push money into stocks, crypto, and real estate. Contracting M2 typically weighs on those same assets.
Source: Alphractal Setting M2 supply against Bitcoin’s [BTC] performance sharpens the picture.
Historically, declines in Global M2’s year-over-year growth marked Bitcoin price bottoms. Those periods also opened the door for broader rallies. However, YoY M2 growth remained positive, with no clear move into negative territory.
That suggested Bitcoin and altcoins could still slide lower before a reversal emerges.
Can China’s liquidity move Bitcoin? China led the recent Global M2 surge as one of its largest contributors. Yet, it had limited exposure to Bitcoin, crypto’s largest risk asset.
Hong Kong Bitcoin spot exchange-traded funds (ETFs) absorbed just 48.1 BTC since August began. That was worth roughly $3.057 million.
Source: SosoValue Hong Kong capital has historically reached Bitcoin through official channels, including ETF providers, in thin amounts. That pointed to a limited Bitcoin impact from China’s M2-driven liquidity surge.
Mainland China remained hostile to cryptocurrency and largely banned the asset class. This further limited potential flows from the region.
Why do U.S. inflows matter most? U.S. flow remained the key factor to watch for Bitcoin. The country’s money supply kept expanding against M2 readings from other economies. TradingView placed the latest U.S. money-supply figure at $23.16 trillion.
The Global M2 surge may have helped U.S. crypto ETFs record their strongest weekly inflow since 17th April 2026.
Weekly inflows across crypto ETFs reached roughly $1.10 billion.
Source: SosoValue That same surge also supported a calmer market mood. Quieter Middle East war headlines helped ease pressure in recent weeks.
The inflow could filter through Bitcoin and select altcoins in the near term.
Final Summary Global M2 supply jumped roughly $1 trillion in a week. China drove 80% of the rise, though its Bitcoin exposure remained thin. U.S. crypto ETF inflows reached $1.10 billion as the U.S. money supply climbed to $23.16 trillion.
Demand for US spot Bitcoin exchange-traded funds (ETFs) rebounded sharply this week, signaling renewed investor appetite after months of uneven flows, even as uncertainty persists around digital asset regulation and the security of crypto self-custody.
On Saturday, Bloomberg ETF analyst Eric Balchunas said the spot funds attracted roughly $1 billion in net inflows for the week, their strongest showing since April and third-best week since last October — a period he referred to as Bitcoin’s “silent IPO.”
Source: Eric Balchunas
The term was popularized by investor Jordi Visser in November to describe what he viewed as a changing of the guard among Bitcoin holders. Under the theory, early investors were selling into growing demand from ETFs and other institutional buyers, creating enough supply to keep Bitcoin subdued despite substantial new capital entering the market.
That distribution coincided with a deterioration in ETF flows compared with earlier periods of stronger demand, making this week’s rebound particularly notable.
Coldcard hack puts self-custody in focusThe rebound has also followed a major security incident involving Coldcard, a popular Bitcoin hardware wallet developed by Coinkite, that resulted in roughly $116 million worth of Bitcoin being stolen. The exploit was linked to a flaw in how affected devices generated wallet keys, allowing attackers to compromise funds held in wallets created using vulnerable firmware.
On Friday, Balchunas suggested the incident could ultimately strengthen the appeal of spot Bitcoin ETFs among investors who are uncomfortable with the technical and security responsibilities associated with self-custody. He pointed to the surge in ETF inflows following the hack as a potential, though unproven, link.
While acknowledging that correlation does not imply causation, Balchunas said, “long-term I can’t imagine there aren’t some who migrate over,” referring to investors potentially shifting from cold storage to ETFs.
Magazine: Do the Coldcard attacks mean all hardware wallets are now insecure?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Demand for US spot Bitcoin exchange-traded funds (ETFs) rebounded sharply this week, signaling renewed investor appetite after months of uneven flows, even as uncertainty persists around digital asset regulation and the security of crypto self-custody.
On Saturday, Bloomberg ETF analyst Eric Balchunas said the spot funds attracted roughly $1 billion in net inflows for the week, their strongest showing since April and third-best week since last October — a period he referred to as Bitcoin’s “silent IPO.”
Source: Eric Balchunas
The term was popularized by investor Jordi Visser in November to describe what he viewed as a changing of the guard among Bitcoin holders. Under the theory, early investors were selling into growing demand from ETFs and other institutional buyers, creating enough supply to keep Bitcoin subdued despite substantial new capital entering the market.
That distribution coincided with a deterioration in ETF flows compared with earlier periods of stronger demand, making this week’s rebound particularly notable.
Coldcard hack puts self-custody in focusThe rebound has also followed a major security incident involving Coldcard, a popular Bitcoin hardware wallet developed by Coinkite, that resulted in roughly $116 million worth of Bitcoin being stolen. The exploit was linked to a flaw in how affected devices generated wallet keys, allowing attackers to compromise funds held in wallets created using vulnerable firmware.
On Friday, Balchunas suggested the incident could ultimately strengthen the appeal of spot Bitcoin ETFs among investors who are uncomfortable with the technical and security responsibilities associated with self-custody. He pointed to the surge in ETF inflows following the hack as a potential, though unproven, link.
While acknowledging that correlation does not imply causation, Balchunas said, “long-term I can’t imagine there aren’t some who migrate over,” referring to investors potentially shifting from cold storage to ETFs.
Magazine: Do the Coldcard attacks mean all hardware wallets are now insecure?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The Senate’s decision to delay the CLARITY Act vote has raised doubts about 2026 passage, but Grayscale says crypto activity can continue without the legislation.
Grayscale Sees Limited Near-Term Effect Grayscale said the delay would not immediately disrupt major blockchain networks, Bitcoin demand or stablecoin payment growth. His assessment came after the Senate left Washington for its August recess without voting on the digital asset market structure bill.
“The digital asset industry has operated for roughly 17 years without CLARITY, and it will keep doing so,” Grayscale said in a statement. The firm noted that regulatory work by federal agencies has already helped develop parts of the market.
Pandl said an agreement on the CLARITY Act remains possible, but the Senate schedule and the 2026 midterm elections make passage this year less likely. Grayscale said the absence of the bill would not stop activity across major blockchain networks or prevent stablecoin payments from expanding.
Senate Sets September Path for CLARITY Act Senate Majority Leader John Thune has filed a cloture motion on the motion to proceed to the CLARITY Act. The Senate is expected to hold the cloture vote on September 15, one day after lawmakers return from the August recess.
A successful cloture vote would allow the Senate to move forward with consideration of the bill. Republicans hold 53 Senate seats, meaning bipartisan support would be needed to reach the 60-vote threshold required for cloture.
The CLARITY Act seeks to establish federal rules for digital asset markets and clarify responsibilities between the Securities and Exchange Commission and Commodity Futures Trading Commission. The legislation also addresses digital asset exchanges, intermediaries and tokenized assets.
Stablecoins and Regulatory Gaps Remain Key Issues Grayscale said existing regulatory guidance has continued to support digital asset activity through developments involving institutional custody, bank access, staking and crypto exchange-traded products. Federal agencies are expected to continue addressing parts of the market through rulemaking.
However, Pandl said the lack of comprehensive legislation could limit new investment and capital formation in the United States. He also said companies could move operations overseas if other jurisdictions offer clearer rules for digital asset businesses.
The CLARITY Act also faces disputes over stablecoin yield provisions and ethics language. Negotiations between lawmakers and the White House continue as senators prepare to return in September.
For more updates on the U.S. crypto bill, follow our live coverage on CLARITY Act Live Updates
In brief The initiative says it has scanned about 150 Bitcoin repositories and made more than a dozen vulnerability disclosures. The team is developing an open-source AI platform for auditing Bitcoin software. Developers say the effort is uncovering critical vulnerabilities across wallets, cryptographic libraries, and infrastructure. A volunteer security initiative says it used frontier AI models to scan 150 Bitcoin repositories and found more than a dozen vulnerabilities as developers increasingly use artificial intelligence to audit blockchains.
In a post on X earlier this week, AnchorWatch CEO Rob Hamilton said the group has spent about $20,000 on AI services while building a "Bitcoin red team" platform.
“We have been working around the clock, with ~$20,000 of spend up to this point across different services,” he wrote. “Funding is secured, I appreciate all the gestures for donations but it is not necessary. The bill is taken care of.”
A red team refers to cybersecurity professionals who test software from an attacker's perspective, probing for vulnerabilities before they can be exploited.
According to Hamilton, the Bitcoin red team uses Kimi K3 alongside OpenAI’s GPT Sol, Anthropic’s Claude Fable and Opus models, and Z.ai’s GLM 5.2 to identify vulnerabilities and generate supporting documentation.
“We also have been connected with OpenAI for some help so I could manage getting the Cyber Harness running as well,” he wrote. “It's a much more expensive scan, but well worth it for load-bearing portions of the Bitcoin ecosystem and has already yielded good results.”
Pseudonymous Bitcoin developer Calle said the initiative has built multiple AI-powered review systems targeting wallets, cryptographic libraries, infrastructure, and other Bitcoin projects.
"We're averaging on the order of one critical exploit per hour per person,” Calle wrote on X. “We've reported critical vulnerabilities to several projects in the last 12 hours. Thankfully, this is a very expensive exercise. We're burning through $10,000 per day."
The team did not disclose which projects were affected or provide details of the vulnerabilities.
The announcement comes as AI is playing a growing role in finding security flaws across the crypto industry. Earlier this year, researchers using Anthropic's Claude Opus 4.8 uncovered a four-year-old flaw in Zcash that could have allowed attackers to create unlimited counterfeit ZEC. In August, Coinkite said it believes attackers used AI to identify the Coldcard wallet vulnerability, while Bitcoin bridge Boltz suspended its swap service after saying attackers were using AI to identify vulnerabilities faster than its team could patch them.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief The initiative says it has scanned about 150 Bitcoin repositories and made more than a dozen vulnerability disclosures. The team is developing an open-source AI platform for auditing Bitcoin software. Developers say the effort is uncovering critical vulnerabilities across wallets, cryptographic libraries, and infrastructure. A volunteer security initiative says it used frontier AI models to scan 150 Bitcoin repositories and found more than a dozen vulnerabilities as developers increasingly use artificial intelligence to audit blockchains.
In a post on X earlier this week, AnchorWatch CEO Rob Hamilton said the group has spent about $20,000 on AI services while building a "Bitcoin red team" platform.
“We have been working around the clock, with ~$20,000 of spend up to this point across different services,” he wrote. “Funding is secured, I appreciate all the gestures for donations but it is not necessary. The bill is taken care of.”
A red team refers to cybersecurity professionals who test software from an attacker's perspective, probing for vulnerabilities before they can be exploited.
According to Hamilton, the Bitcoin red team uses Kimi K3 alongside OpenAI’s GPT Sol, Anthropic’s Claude Fable and Opus models, and Z.ai’s GLM 5.2 to identify vulnerabilities and generate supporting documentation.
“We also have been connected with OpenAI for some help so I could manage getting the Cyber Harness running as well,” he wrote. “It's a much more expensive scan, but well worth it for load-bearing portions of the Bitcoin ecosystem and has already yielded good results.”
Pseudonymous Bitcoin developer Calle said the initiative has built multiple AI-powered review systems targeting wallets, cryptographic libraries, infrastructure, and other Bitcoin projects.
"We're averaging on the order of one critical exploit per hour per person,” Calle wrote on X. “We've reported critical vulnerabilities to several projects in the last 12 hours. Thankfully, this is a very expensive exercise. We're burning through $10,000 per day."
The team did not disclose which projects were affected or provide details of the vulnerabilities.
The announcement comes as AI is playing a growing role in finding security flaws across the crypto industry. Earlier this year, researchers using Anthropic's Claude Opus 4.8 uncovered a four-year-old flaw in Zcash that could have allowed attackers to create unlimited counterfeit ZEC. In August, Coinkite said it believes attackers used AI to identify the Coldcard wallet vulnerability, while Bitcoin bridge Boltz suspended its swap service after saying attackers were using AI to identify vulnerabilities faster than its team could patch them.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
