Bitcoin just crossed a milestone that puts its scarcity model into sharp relief. More than 20 million BTC have now been mined, representing over 95% of all Bitcoin that will ever exist. The remaining supply, fewer than 1 million coins, will trickle out over the next century-plus thanks to the protocol’s built-in halving mechanism.
The 20 millionth coin was minted on approximately March 9, near block height 940,000, by the Foundry USA mining pool. It arrived roughly 17 years and 6,267 days after Satoshi Nakamoto produced the genesis block in January 2009.
The math of engineered scarcity Bitcoin’s supply schedule is one of the few things in crypto that has worked exactly as advertised since day one. The protocol caps total issuance at 21 million coins, with mining rewards cut in half roughly every four years. Following the April 2024 halving, the current issuance rate sits at approximately 450 BTC per day.
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To put the remaining timeline in perspective: it took less than two decades to produce 95% of all Bitcoin. The final 5% will take until approximately 2140 to fully mine.
What this means for miners Bitcoin miners currently earn revenue from two sources: block rewards (newly minted BTC) and transaction fees paid by users. Today, block rewards still dominate that equation. But with each successive halving, the balance shifts.
The implication is straightforward. Miners will increasingly depend on transaction fees to justify the energy and hardware costs of securing the network. If fees don’t scale up proportionally as rewards decline, some miners could find operations unprofitable. That could lead to a reduction in hashrate, which in turn raises questions about network security.
The next halving isn’t expected until 2028, and block rewards will remain meaningful for several more cycles. Foundry USA, the pool that mined the milestone block, is itself a reflection of the trend toward institutional-scale mining operations.
Supply scarcity meets growing demand The supply side of Bitcoin’s equation is now firmly established. Over 95% of all coins are in circulation, and new issuance is slowing to a crawl. Bitcoin’s fixed supply has long been its core value proposition for investors who view it as a digital alternative to gold. With fewer new coins entering the market each day, any sustained increase in demand hits a shrinking pool of available supply.
Gold miners can open new mines when prices rise. Oil producers can drill more wells. Bitcoin miners can throw all the hardware they want at the network and it won’t produce a single extra coin beyond the protocol’s schedule. The difficulty adjustment makes sure of that.
There’s also the question of effective supply. Of the 20 million coins now mined, a significant portion is estimated to be permanently lost, sitting in wallets whose keys have been forgotten, destroyed, or buried on hard drives in landfills. The actual circulating supply available for trading is meaningfully lower than the headline number suggests.
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The Bitcoin network is bracing for a potential minority chain fork this weekend, and the immediate risk isn’t just about price volatility—it’s about users accidentally draining their own wallets. A developer warning circulating ahead of the expected BIP-110 split makes clear that selling forked coins could inadvertently authorize transactions on the original Bitcoin chain, resulting in permanent loss of real BTC. The safest course, as outlined in the original report, is to do nothing until the chains are properly separated.
Unlike previous high-profile forks such as Bitcoin Cash, which shipped with strong replay protection, this minority chain apparently inherits Bitcoin’s transaction format without any mechanism to distinguish new chain operations from legacy ones. That means any signed transaction broadcast on the fork network to sell or move new coins can be captured and replayed on Bitcoin itself. The result: a user thinking they are only disposing of forked tokens could be emptying their BTC balance into an attacker’s address.
Why Replay Attacks Still Threaten Bitcoin Forks Replay attacks are not a new concept. They plagued the 2017 Bitcoin Cash split until wallets and exchanges implemented opt-in replay protection. The core problem is that if two chains share an identical transaction history, a valid signature on one chain remains valid on the other unless the transaction data is modified to include a chain-specific identifier. BIP-110 seems not to have addressed this, leaving the door open for a wave of opportunistic exploits as soon as trading begins on the new chain.
Exchanges that plan to list the forked asset face a delicate operational challenge. They must decide whether to credit customers with the new tokens and enable trading, knowing that any sell order from a user could trigger a cross-chain broadcast. Historically, platforms like Coinbase and Binance have taken a cautious stance with unprotected forks, often delaying support until replay safeguards are in place. The absence of such protections now shifts the burden entirely onto individual holders.
What You Should Do, and What Remains Unclear For the average Bitcoin holder, the instruction is simple: don’t move coins. Don’t attempt to claim, sell, or transfer the forked tokens from any wallet that also holds real BTC. Even advanced users who understand transaction structure could fall victim if the wallet software does not enforce replay prevention at the protocol level. The safest play is to wait for clear separation signals, such as the introduction of a unique chain ID or a software update from major wallet providers.
What remains uncertain is whether the minority chain will attract enough liquidity or exchange support to matter. Forked coins without replay protection often fade quickly because the risk of loss discourages legitimate trading. If the chain fails to gain traction, the replay risk might never be fully tested. However, if a single exchange lists the new asset and users start trading, the vulnerability becomes instantly exploitable. That timing uncertainty is what makes the coming days critical.
Broader market participants are watching for any sign of disruption to Bitcoin’s settlement layer. While Bitcoin itself is unlikely to face fundamental security threats, a high-profile replay incident could shake confidence among institutional custodians and delay integration plans for new protocols. The episode also reinforces the need for standardized replay protection in any future upgrade proposal that might create a parallel chain, intentional or not.
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Bitcoin [BTC] trended higher after rebounding from $62,000 a few days ago. It remained inside a broader descending channel, although upside pressure strengthened.
At press time, Bitcoin traded near $64,903, up 1.6% daily and 3% over the past week.
Are Bitcoin whales buying BTC? Bitcoin hovered near $64,000 as it searched for a breakout. Whales appeared to offer support.
CryptoQuant’s Spot Average Order Size showed large whale orders between $63,000 and $64,000. That made these prices key whale zones.
Source: CryptoQuant Lookonchain reported that a newly created wallet received 1,346 BTC, worth $87.28 million. Of those holdings, 614.95 BTC came from Galaxy Digital.
That activity emerged as Bitcoin’s upside momentum strengthened, pointing to growing recovery conviction among large holders. On top of that, the Exchange Whale Ratio declined from 0.4 to 0.36.
Source: CryptoQuant The decline suggested that whales accounted for a smaller share of exchange inflows. Meanwhile, Bitcoin’s Whale Buying Activity indicator recorded net buying for five consecutive days.
On 8th August, Buy Volume rose to 831 BTC. Average Buy Volume reached 3,308 BTC.
Can Bitcoin’s recovery hold? Despite whale activity, Bitcoin struggled to sustain its upward momentum. Small-scale Spot trades appeared to weigh on the market. Exchange Netflow remained positive for two consecutive days. At press time, it stood at 498 BTC.
Source: CryptoQuant Positive Exchange Netflow showed that more BTC entered exchanges than left them. That raised potential selling pressure.
However, whales appeared to retain the upper hand and could still influence Bitcoin’s direction. The ADX with the SMA indicator showed a bullish +DI crossover, with the positive index rising to 19.
The negative index stood just below it at 18. This showed that bulls had only a slight edge.
Source: TradingView The next move may depend on which side takes control. Continued whale buying could push Bitcoin toward $66,000. However, continued retail profit-taking could keep BTC trading sideways.
Final Summary Bitcoin whale activity increased near $63,000 to $64,000, with a new wallet receiving 1,346 BTC worth $87.28 million. Bitcoin’s Exchange Whale Ratio fell to 0.36, while Whale Buying Activity showed net buying for five straight days.
Pi Network price has strengthened as Bitcoin trades above $65,000 and broader crypto sentiment improves. PI coin price gained 2.80% to $0.0910 during the past day, outperforming Bitcoin’s modest advance. The action follows Protocol 26 and new utility developments as well as potential future listings on the major cryptocurrency exchanges.
Bitcoin Strength Supports Pi Network Price Recovery Bitcoin price briefly climbed toward $65,400 before consolidating near the important $65,000 level during Saturday trading. The progress came after the weaker United States employment data, which assisted in boosting risk-asset appetite.
Bitcoin price was only up by 0.21% as compared to the broader cryptocurrency market capitalization, which rose by approximately 0.46%. PI thus gave a better performance per day than the two measures.
However, Pi Network’s trading volume fell 17.59% to about $9.42 million. Reduced volume implies that the recovery will require more vigorous involvement to be extended.
Supporting market sentiment, United States spot Bitcoin ETFs recorded $98.85 million in net inflows on August 7. That marked their fifth consecutive trading day of positive flows.
Source: Sosovalue data Protocol 26 Upgrade Adds Fresh Momentum for PI Another significant target of the Pi Network community is protocol 26. Mainnet validators have a deadline of August 11 related to network transition preparations.
Pi Network claims that the upgrade enhances contract safety, state management, interoperability, and cryptography. The purpose of these changes is to enhance the infrastructure that underlies future applications throughout the ecosystem.
The anticipations of the upgrade have served to maintain focus on PI in its recent revival. Nevertheless, technical advancements do not necessarily ensure the steadiness in price increments.
PI should have recent support and demand stronger before confronting higher resistance levels. Another thing that traders will observe is whether Protocol 26 is making any tangible progress in network activity.
The effective launch would reinforce the belief of the utility narrative of Pi Network in the long term.
RoboPay Utility and Exchange Hopes Lift Sentiment Pi Network has achieved a new utility focus through RoboPay. The price move was associated with plans of PI payments of robotic services in reports.
There is, however, little official information regarding the said partnership. That ambiguity makes traders wait to see whether or not the companies are going to confirm.
Pi Network @PiCoreTeam joins RoboPay as a payment partner. Pi will be used to pay for robot services across the Fabric network.
RoboPay was built to enable AI agents to discover, hire, coordinate, and pay robots autonomously onchain, transforming robots from connected machines… pic.twitter.com/1qxLC0CMKc
— Fabric Foundation (@FabricFND) August 4, 2026
The advancement provides the market with an additional rationale to talk about viable applications of PI. The speculation in the exchange listing continues in the Pi Network community.
PI is listed on websites such as OKX, Kraken, Gate and MEXC. The token is yet to be listed on Binance or Coinbase even though it is still of interest to the community.
In February 2025, a Binance community vote indicated 86.8% in favor of PI addition. The vote was followed by no Binance listing.
Pi Network Price Targets $0.10 as Momentum Strengthens Above Support The Pi coin price surged to $0.0914 after recovering from a pullback near the $0.090 support area. The Relative Strength Index (RSI) is at 60.80, remaining in the neutral 50 zone.
The MACD is still indicating a moderate bullish pattern on the 4-hour chart. MACD, on the other hand, is still pointing at a slight bullish trend formation on the 4-hour chart. The MACD line is currently trading at 0.00130, while the signal line is at 0.00122.
The next upward trend will form if the full Pi coin forecast report keeps trading above $0.090. If the price continues to move higher from the recent consolidation, it may extend toward the $0.095 resistance zone. Passing this would bring the $0.10 barrier back into range.
Source: TradingView A $0.10 level breakout would help reinforce the momentum and unlock the next area of interest at $0.110. Continued buying pressure could eventually bring full Pi coin forecast report the higher $0.120 resistance level into focus.
However, another rejection may push PI back to the $0.090 support area. The loss of this level would result in a loss of support around the $0.085 price point, which would hurt the ongoing recovery.
XRP is defending the $1 level after dipping to $1.01, recovering toward $1.04 as the CLARITY Act sinks deeper into legislative uncertainty ahead of a September vote.
The psychological floor held, though the token remains the weakest performer among major cryptocurrencies this week.
XRP Price Performance. Source: BeInCryptoWhy the CLARITY Act Keeps Weighing on XRPCloture is the Senate procedure that ends debate on a bill, typically requiring 60 votes to advance legislation toward a final decision.
Majority Leader John Thune still intends to file cloture on the motion to proceed before lawmakers leave for the August recess. That move carries real significance. Filing would position the CLARITY Act for a procedural vote when the Senate returns, signaling Republican leadership still prioritizes the bill.
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🚨NEW: Leader Thune’s office is telling crypto industry leaders today that the majority leader still intends to file cloture on the motion to proceed to the Clarity Act before lawmakers leave for August recess, per multiple sources.
The move would tee up a vote on the Clarity…
— Eleanor Terrett (@EleanorTerrett) August 7, 2026 The votes are not there yet, however. Republicans lack sufficient support on their own, while several GOP senators have raised concerns about specific provisions.
Two disputes dominate negotiations. Stablecoin rewards have prompted heavy lobbying by banks, while Democrats demand stronger ethics rules on officials profiting from crypto ventures.
Contentious thesis.
The Clarity Act is dead. It’s not coming back, ever!!!
What was sold as progress has collapsed into yet another Washington rug pull, September 15 now joins the long list of empty deadlines, might as well mark it for 2031.
Let’s be honest: this wasn’t… https://t.co/mPowKR1LuO
— James E. Thorne (@DrJStrategy) August 7, 2026 The Levels That Decide What Happens NextLeveraged traders paid the price. Roughly $9.6 million in liquidations hit the market yesterday, with longs absorbing most of the damage.
The recovery arrived overnight. XRP trades near $1.03, according to BeInCrypto data, with volume modestly supporting the bounce. Activity reached $1.37 billion, a 3.3% increase, suggesting renewed participation at these levels.
Weekly performance still disappoints. The token has fallen 2.3% over seven days and 5.6% across the past month, underperforming a broader market that gained ground.
Resistance sits close overhead. Sellers have repeatedly defended the $1.06 to $1.08 zone, blocking recovery attempts throughout the week. Clearing that band changes the setup. Analysts see a push toward $1.12, then $1.18, if buyers reclaim the level with sustained volume.
Downside targets are equally defined. Losing $1 would expose Fibonacci support near $0.97, with the $0.65-$0.85 zone serving as the next meaningful floor.
$XRP: The Analysis Everyone Laughed At… Until It Dumped 72%
In July 2025, when most of the market was calling for higher prices, I published a bearish #XRP analysis and clearly stated that the rally was losing structure. I advised taking profits above $3 and warned that a… https://t.co/AGHdYcGUHg pic.twitter.com/aUkxE6fZSQ
— Crypto Patel (@CryptoPatel) August 8, 2026 Meanwhile, prediction markets lean cautiously. Polymarket assigns a 68% probability that XRP hits $1 or below during August, with around 13% pointing toward $1.20 or higher.
For now, nothing is settled. XRP has defended $1 twice this week, though each bounce came on thinner conviction than the last. Whether the level survives until September depends on variables beyond anyone’s control: Bitcoin’s direction, macro data, and a Senate negotiation that could collapse or advance without warning. Only time will tell.
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XRP has recently broken below key levels against Bitcoin, attracting attention from traders and analysts. Despite the setback, some voices within the XRP community remain optimistic about the possibility of a future rebound. Jake Claver characterized the latest move as a potential final bottom before a significant reversal takes place.
The falling wedge breakdownChartNerd, a well-known crypto analyst recognized for his technical charting, has been monitoring XRP’s decline against Bitcoin since early June. He first confirmed the breakdown that month, noting that after an initial drop to the lower $1.20 range, a rebound into previous support was possible. This assessment followed a sharp decline at the start of June, during which ChartNerd issued a warning that XRP could continue to weaken sharply as capital shifted to safer assets.
ChartNerd commented that, “You can’t save a sinking ship when the hole was only recently just blown in,” and projected that XRP is likely to underperform Bitcoin over the remainder of the year.
The price is now situated around 0.00001765 BTC, having lost support at a historically significant level near the wedge apex. The chart reveals a falling wedge pattern: resistance slopes downward from 2025 highs, while horizontal support was recently breached. ChartNerd marked this loss as “Lost Support.”
Despite the confirmed breakdown, ChartNerd maintains that a reversal could follow, although he has not specified an upside target. He predicts an eventual outperformance of Bitcoin by XRP in 2026.
Mini dictionary: Falling wedge, a technical analysis chart pattern where the price consolidates between two downward sloping lines, often interpreted as a potential reversal signal when the pattern concludes and price breaks upward.
Key demand zone and historical supportA second, broader chart shared by ChartNerd traces XRP/BTC back to 2014. This macro view shows a long series of lower highs stretching over more than a decade. At the bottom lies a substantial horizontal demand zone near 0.00000700 BTC, represented prominently in green.
Support/Resistance LevelXRP/BTC PriceLost Support0.00001765 BTCMacro Demand Zone0.00000700 BTCAccording to ChartNerd, this key demand zone has previously triggered all major XRP/BTC outperformance periods and upward movements in XRP/USD. Each time the pair approached this level, substantial recoveries followed. Several other analysts are also forecasting a positive run for XRP against Bitcoin based on similar technical observations.
The historical demand zone at 0.00000700 BTC has ignited strong rallies in every past cycle, supporting hopes for another significant XRP move if this level is reached.
Long-term perspective and outlookChartNerd’s ongoing analysis ties the current short-term breakdown to this larger, multi-year technical structure. He contends that the price is now approaching levels where previous bullish reversals have started, reinforcing the significance of the macro demand zone.
The convergence of the wedge apex and the long-term demand zone is being closely observed by ChartNerd. He suggests that whether XRP hits the key support in the coming weeks or months is yet to be seen, but the setup for a larger breakout remains in place.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin price held above $64,900 as the crypto market gained 0.81% to $2.21 trillion over 24 hours. XRP price was trading at around $1.03 as the market rallied, while Ethereum was trading at near $1,915. Kalshi markets indicated Bitcoin could climb toward $68,000 during August.
In Washington, the Senate delayed the Digital Asset Market CLARITY Act vote until September 14. Majority Leader John Thune offered cloture on the motion to proceed. The process of filing starts the process of Senate consideration and brings the bill to a potential vote.
BREAKING: Senate Majority Leader Thune has officially filed cloture on the motion to proceed to the CLARITY Act.
The Senate is officially starting the process to advance the CLARITY Act toward a vote.
This is HUGE 🚀
— Crypto Rover (@cryptorover) August 8, 2026
Kalshi Traders Forecast $68K Bitcoin as August Market Optimism Strengthens According to the latest forecast by Kalshi traders, the Bitcoin price may reach $68,000 in August. The prediction indicates that Bitcoin could continue to rally from recent declines this month and hit higher levels. This recent trading activity has resulted in the $68,000 forecast taking about $1,110 on the market at Kalshi.
Kalshi data The contract has already produced over $1.05 million in volume, indicating high interest in the August outlook of the Bitcoin price. Traders are showing cautious optimism, but market conditions are subject to change and the forecast might change rapidly. The $68,000 goal could depend on Bitcoin’s volatility, institutional inflows, and the general sentiment in the cryptocurrency market.
Bitcoin Price Prediction: Will BTC Break $65K This Weekend? The BTC price jumped to $64,977, continuing its recovery trend with strong momentum on the four-hour chart. The BTC price is currently testing the $65,000 resistance zone, which has consistently held back recent rallies. A break above this would initiate a rally towards the higher $66,000 level.
Momentum indicators are still on the bull side, with RSI at 61.55, indicating mild recovery.
The MACD line is at 292.66, above the signal line at 275.15, and the histogram is above zero. That indicates potential additional upside should the price stay above the nearby $64,000 support.
Source: BTC/USDT 4-hour chart: TradingView The next upside target is about $65,500, then the significant $66,000 level as per the future Bitcoin outlook. If the $66,000 level is broken above, then the recent swing high around $66,500 will be exposed.
However, a rejection near $65,000 may drive the price of Bitcoin back to the next major short-term support at $64,000. If this test is followed by a more significant pullback, then $63,000 and $62,500 would be the next targets for the broader recovery structure to weaken.
Bitcoin ETFs Record $98.85 Million Inflows as Winning Streak Hits Five Days Bitcoin ETFs recorded their second-best weekly inflow this year, adding 11,792 BTC worth about $754 million after weeks of outflows.
U.S. spot Bitcoin ETFs recorded $98.85 million in net inflows on August 7, extending their positive streak to five sessions. The total net asset value of all spot Bitcoin ETFs in the U.S. was estimated at $79.50 billion, per SoSoValue data.
Source: Cryptoquant data U.S. spot Ethereum ETFs also attracted $49.60 million in net inflows on August 7. This was the fourth straight trading session with inflows into Ethereum ETFs, as institutional interest in crypto funds persists.
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Meanwhile, the spot Ethereum ETFs extended their consecutive weekly streak to five in a row.
After a shaky July in terms of ETF performance, the Bitcoin funds started August with a bang, attracting more than $800 million in the first full week of the month.
This coincided with the underlying asset’s price revival, as BTC jumped from a monthly low at $62,200 on Monday to over $65,000 on Friday.
Best Week Since Mid-April July began with big hopes as investors pulled out more than $2.4 billion out of the spot Bitcoin ETFs in May and another $4.5 billion in June. Although there were many good days throughout the seventh month of the year, it ultimately ended with a more modest net inflow of $172.43 million. Thus, it lost the July inflow war to Ethereum.
The funds attracted nearly that amount on August 3 alone, pulling in $170 million. Another $211.49 million followed on Tuesday, $244.42 million on Wednesday, $128.69 million on Thursday, and $98.85 million on Friday. Thus, the perfect all-green week was complete, and the end number stands at $853.54 million, which is actually more than all four previous weeks combined.
Moreover, it’s the best single-week performance since mid-April, when the funds were on a roll, gaining nearly $1 billion at one point. It’s also the third-best of the year, as the record still belongs to the week that ended on January 16, when the ETFs attracted $1.42 billion.
Bitcoin ETF Flows. Source: SoSoValue The past week has been quite positive for BTC’s price performance as well. Perhaps fueled by the ETF inflows, the asset rose from $62,200 on Monday to $65,400 on Friday after the weaker-than-expected US jobs data.
ETH ETFs Extend Streak Unlike the spot Bitcoin ETFs, the Ethereum counterparts didn’t have a full red week in July, ending the month with $365 million in net inflows. Their first in August has been quite impressive as well, attracting almost $245 million.
You may also like: Italy’s Biggest Bank Cuts IBIT Exposure by 94% While Buying More Staked Ethereum BTC vs ETH vs XRP: Which ETFs Attracted the Most Money on Monday? Crypto ETF Recap: Ethereum Still Outpaces Bitcoin, but Cracks Are Emerging The start of the week wasn’t as promising as investors pulled out $11.42 million. However, they changed their tune during the other four trading days, inserting $53.75 million on Tuesday, $60.86 million on Wednesday, $92.15 million on Thursday, and $49.60 million on Friday. Thus, the cumulative net inflows have increased from $11.21 billion last week to $11.46 billion.
Spot Ethereum ETF Flows. Source: SoSoValue ETH’s price has also climbed by around 3% weekly, currently trading well above $1,920 after it dipped toward $1,800 on Monday.
TLDR: Bitcoin ETF inflows reached about $853.5 million across five positive sessions. That marked the strongest weekly total for the products since mid-April. BlackRock’s IBIT drew $693.7 million, representing more than 80% of Bitcoin fund inflows. Fidelity’s FBTC attracted another $116.4 million. Ether ETF inflows totaled roughly $244.9 million and extended their winning streak to five weeks. The Coldcard exploit only affected Bitcoin wallets. Bitcoin ETF volume fell 9% to about $8.19 billion. Meanwhile, Bitcoin tested $65,000 with resistance near the $67,523 short-term holder cost basis. U.S. crypto funds posted their strongest combined weekly intake since April, with Bitcoin ETF inflows leading a $1.1 billion surge. Spot Bitcoin products attracted about $853.5 million across five straight positive sessions. Ether funds added roughly $244.9 million during the same week.
BlackRock’s IBIT captured most Bitcoin demand, while Fidelity’s FBTC ranked second. The inflows arrived even as weekly trading activity stayed near multi-year lows. Bitcoin traded near $65,000 after recovering from early-August weakness. However, resistance still remains clustered between $65,250 and $67,523. Technical levels and short-term holder costs could limit further gains during the latest week.
Bitcoin ETF Inflows Accelerate as IBIT Dominates Weekly Buying Bitcoin ETF inflows reached about $853.5 million last week, marking their best result since mid-April. The funds recorded net additions during five trading sessions. Wednesday led with $244.4 million, followed by Tuesday at $211.5 million. Thursday added $128.7 million, while Friday contributed another $98.9 million.
Source: SosoValue BlackRock’s IBIT absorbed $693.7 million, representing more than 80% of weekly Bitcoin ETF inflows. Fidelity’s FBTC added $116.4 million, equal to roughly 13% of total inflows. Together, the two largest funds captured most of the fresh capital driving Bitcoin ETF inflows.
Bloomberg analyst Eric Balchunas linked part of the buying to the Coldcard wallet exploit. Several major funds recorded inflows every day after the vulnerability surfaced. The exploit affected certain Bitcoin cold-storage wallets, with reported thefts exceeding $111 million.
However, the timing does not fully explain broader crypto fund demand. Ether ETF inflows also posted their best week since April. Ether holders had no exposure to the Bitcoin-only hardware wallet issue. This weakens a direct link between the exploit and institutional inflows.
Bitcoin rose about 3% during the week and moved above $65,300 on Friday. U.S. payrolls fell by 23,000 in July, missing forecasts for an 80,000 increase. Traders reduced expectations for a September Federal Reserve rate hike after the report.
Most Bitcoin ETF inflows arrived before Friday’s labor data. Thursday and Friday recorded the weakest inflow totals of the five-session streak. That pattern shows institutional buying was already active before the macroeconomic surprise.
Ether ETF Inflows Extend Run as Trading Volumes Stay Low Ether ETF inflows reached about $244.9 million for the week, extending their positive run to five weeks. That marks their longest 2026 weekly winning streak. Thursday produced the strongest daily intake at $92.2 million.
The funds held $10.74 billion in net assets by Friday. Their cumulative net inflows stood near $11.46 billion. The difference leaves the products roughly $711 million below aggregate contributed capital on a mark-to-market basis.
Large Ether holders have also increased their balances. Wallets holding between 10,000 and 100,000 ETH control about 19.6 million ETH. That figure has climbed from roughly 14 million ETH in mid-2025.
Trading volume stayed subdued despite the stronger fund flows. Bitcoin ETF volume totaled about $8.19 billion, down 9% from the prior week. That was the second-lowest full trading week since October 2024. Ether ETF turnover fell about 21% to roughly $2.38 billion.
Bitcoin traded near $65,015 while repeatedly testing the $65,000 area. The daily price remained above its 20-day and 50-day simple moving averages. Those averages sit near $64,461 and $63,363, creating an immediate support zone.
Resistance remains visible above current levels. Bitcoin trades below its 100-day average near $68,052 and 200-day average near $70,295. Short-term holder realized price stands near $67,523, leaving many recent buyers close to breakeven.
A four-hour close above $65,257 could expose $65,600 and then $66,000. Liquidation data also shows concentrated short positions near $65,500 to $65,700. Meanwhile, downside liquidity sits near $63,700 and $63,000 if Bitcoin loses $64,000 support.
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.
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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.
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A whale shorting $102 million worth of Bitcoin was partially liquidated, with the liquidation price for its remaining positions standing at around $65,300.
According to monitoring by TheDataNerd, a large whale that shorted $102 million worth of Bitcoin using 40x leverage recently faced partial liquidations, suffering a $1.46 million loss over the past week. The whale has since added margin, cutting its short position to roughly $60 million. The position’s entry price is $64,212.5, and its liquidation price is $65,310.2.
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."
3 hours ago
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
2 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.
2 hours ago
A whale shorting $102 million worth of Bitcoin was partially liquidated, with the liquidation price for its remaining positions standing at around $65,300.
According to monitoring by TheDataNerd, a large whale that shorted $102 million worth of Bitcoin using 40x leverage recently faced partial liquidations, suffering a $1.46 million loss over the past week. The whale has since added margin, cutting its short position to roughly $60 million. The position’s entry price is $64,212.5, and its liquidation price is $65,310.2.
2 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.
2 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."
2 hours ago
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.
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.
Bitcoin is undergoing a major transformation. On Binance, futures contracts crush the spot market with a record ratio of 8:1. This trend reveals rampant speculation and a worrying imbalance between short-term trading and real investment.
In brief On Binance, Bitcoin futures exceed spot 8 times, with $57.82 billion traded versus $6.08 billion. Bitcoin traders on Binance favor leverage and short-term strategies, to the detriment of the declining spot market. Bitcoin, designed as a store of value, is it becoming a purely speculative asset? Bitcoin: Futures Contracts Weigh Eight Times More on Binance On Binance, the volume of Bitcoin futures reached a historic high, eight times higher than that of the spot market. With $57.82 billion traded in futures versus only $6.08 billion in spot, this divergence highlights a growing preference for leverage and speculation. Traders favor futures contracts to amplify their gains (or losses) via leverage, while the spot market, traditionally a driver of long-term adoption, is faltering.
This imbalance raises questions. Is Bitcoin becoming a purely speculative asset? CryptoQuant data confirm this trend, with spot demand steadily declining since June 2026. Meanwhile, futures, more liquid and flexible, attract investors seeking volatility and short-term strategies. A sign that the market is maturing… or drifting away from its original purpose: becoming a decentralized store of value.
BTC: Hostage of Gamblers or Refuge for Investors? Is Bitcoin still a safe-haven asset or just a playground for traders? As futures dominate Binance, the question becomes pressing. Institutional investors via ETFs reduce their positions, while retail traders rush to futures, attracted by leverage and the possibility to bet on the downside. Yet, this speculative frenzy hides a troubling reality. The spot market, the historical heart of BTC, is losing ground.
Volumes concentrate within a narrow range ($60,000 – $65,000), and takers (those who execute orders) do not seem ready to break this deadlock. Analysts even anticipate a bearish resolution in September, after months of sideways movement. A paradox. While Bitcoin was designed as an alternative to traditional financial systems, its market is now dominated by speculative mechanisms worthy of Wall Street.
Bitcoin is at a crossroads: unrestrained speculation or return to basics? With futures eight times heavier than spot, Binance reflects a worrying trend. What if the real challenge for BTC was to stay true to its DNA?
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
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.
Morgan Stanley’s spot Bitcoin ETF added approximately 232.5 BTC worth $15.05 million as Bitcoin traded below $65,000, lifting the fund’s holdings above 6,500 BTC for the first time.
Summary
MSBT added 232.5 BTC, valued at approximately $15.05 million, according to Arkham. The fund’s holdings increased to 6,563 BTC worth more than $426 million. BlackRock, Fidelity and Franklin Templeton also accumulated Bitcoin during the recent market weakness. MSBT launched in April with a 0.14% annual management fee. Morgan Stanley’s Bitcoin ETF adds 232 BTC Blockchain intelligence platform Arkham reported that the Morgan Stanley Bitcoin Trust increased its holdings by approximately 232.548 BTC as Bitcoin remained under pressure near $65,000.
MORGAN STANLEY: 3 DAY BTC BUY STREAK
Morgan Stanley’s MSBT BTC ETF clients have bought BTC for 3 days in a row, with the bank now holding $400M in #BTC
Read that again – the BANKS are buying Bitcoin. pic.twitter.com/FPY1I1v6aB
— Arkham (@arkham) August 7, 2026 The purchase was valued at $15.05 million, implying an average price of around $64,718 per Bitcoin. It raised the fund’s total holdings to 6,563 BTC, worth more than $426 million at current market prices.
The transaction marked the first time MSBT’s Bitcoin balance exceeded 6,500 BTC. It also expanded the fund’s holdings during a period when Bitcoin traded below the average purchase price of many recent buyers.
CryptoQuant analyst Axel Adler Jr. said Bitcoin was trading below the realized price of short-term holders, referring to coins held for less than 155 days. Bitcoin traded around $64,952 on Aug. 8, while the short-term holder realized price stood at $67,523.
This left the spot price approximately 3.8% below the cost basis, creating potential selling pressure from recent holders seeking to exit around break-even.
Other Bitcoin ETFs also bought during the dip Morgan Stanley was not the only major financial institution whose Bitcoin ETF added assets during the latest decline.
Arkham reported on Aug. 4 that BlackRock’s spot Bitcoin ETF bought approximately $111 million worth of BTC during the previous trading session. Fidelity added about $33 million, while Franklin Templeton purchased approximately $9 million.
The three funds accumulated around $153 million in Bitcoin combined. Arkham said none of the tracked ETFs sold Bitcoin that day and that the funds had recorded no Bitcoin sales during the opening sessions of August.
These figures refer to Bitcoin entering wallets associated with the ETFs. Such additions generally reflect investor inflows and the creation of new fund shares rather than purchases made for the asset managers’ corporate balance sheets.
The renewed accumulation followed a difficult period for U.S. spot Bitcoin ETFs. Crypto.news previously reported that the products recorded $265 million in net outflows as Bitcoin tested $63,000 on Aug. 1.
MSBT assets rise from July level Morgan Stanley launched MSBT on April 8, becoming the first major U.S. commercial bank to issue a spot Bitcoin ETF under its own name.
Crypto.news previously reported that the fund launched with a 0.14% annual management fee. That undercut the 0.25% fees charged by BlackRock’s IBIT and Fidelity’s FBTC, while coming in one basis point below the Grayscale Bitcoin Mini Trust.
MSBT attracted $103 million in cumulative net inflows within eight days of its launch, overtaking WisdomTree’s Bitcoin Fund at the time. The rapid increase pointed to early demand from investors seeking Bitcoin exposure through Morgan Stanley’s investment platform.
The fund held approximately $392 million in net assets as of July 24, according to another crypto.news report citing Morgan Stanley’s product page. Arkham’s latest estimate of more than $426 million suggests its holdings have since expanded by approximately $34 million, though part of that difference may reflect changes in Bitcoin’s market price.
Bitcoin remains below a key holder cost level Bitcoin’s inability to reclaim the short-term holder realized price leaves $67,523 as an important near-term level. A recovery above that area could reduce pressure on recent buyers currently holding unrealized losses.
Continued ETF purchases may help absorb Bitcoin entering the market, but the latest additions do not confirm that the broader outflow trend has reversed. Daily net-flow data will determine whether Morgan Stanley’s purchase forms part of a sustained return in institutional demand.
Failure to hold the $64,000 area could expose Bitcoin to another test of its recent lows. A move above $67,500, however, would return the asset above the average cost basis of short-term holders and improve its near-term structure.
A tier-1 whale has reportedly increased their Bitcoin long exposure on the Hyperliquid exchange, according to social media reports. This move coincides with HyperLabs’ recent activity of transferring significant amounts of its HYPE token to centralized exchanges. The whale’s actions are part of a broader trend of increased long exposure on Hyperliquid, with overall whale positions reaching approximately $3.5 billion. These developments occur amid fluctuating market odds for Bitcoin reaching higher price targets in early August.
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Key Takeaways Whale activity on Hyperliquid suggests increased confidence in Bitcoin’s potential price rise, with long positions currently surpassing shorts. HyperLabs has been strategically releasing HYPE tokens to exchanges, indicating a potential shift in market liquidity dynamics. Market pricing implies a moderate increase in the likelihood of Bitcoin reaching higher price levels, though the current probability remains low. What to Watch Watch for further whale activity on decentralized exchanges like Hyperliquid, as it could indicate future price movements. Additionally, how the market absorbs the HYPE tokens being moved to exchanges by HyperLabs may influence liquidity and volatility. The actions of influential bodies, such as the Federal Reserve and major ETF issuers, could also impact Bitcoin’s price trajectory in the coming days.
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Term Structure
Contract Odds Δ since publish Volume 24h August 3-9 0.1% — — View market → August 3-9 0.1% — — View market → August 3-9 0.4% — — View market → August 3-9 0.8% — — View market → August 3-9 1.8% — — View market → August 10 2026 19.5% — — View market → August 10 2026 0.7% — — View market → August 10 2026 0.4% — — View market → August 10 2026 0.1% — — View market →
Firmus has secured full commitments for a $2 billion strategic equity raise, bringing fresh capital to the Australian AI infrastructure company as it accelerates Project Southgate and prepares for growth across Asia-Pacific markets. This investment also underscores Firmus’ evolution from its roots in Bitcoin mining infrastructure to its current focus on large-scale AI computing facilities.
$2 billion investment fuels regional AI expansionThe funding round features continued participation from NVIDIA and Coatue, along with new investments from Blackstone Tactical Opportunities, other Blackstone-managed funds, and Jane Street. Firmus will channel the proceeds into accelerating its rollout of Australian AI Factory sites and advancing its expansion strategy in Asia-Pacific markets.
The company is building out its infrastructure using NVIDIA’s AI Factory reference architecture combined with its own HyperCube platform. This proprietary system is designed to optimize the efficiency of AI workloads by integrating computing, advanced cooling technology, power management, and grid-aware software, enabling higher tokens-per-watt performance.
The company reported that the new investment brings its total equity raised within the past year above $3 billion, while its post-money valuation now eclipses $10.5 billion. This positions Firmus among a select group of AI infrastructure providers attracting major institutional capital for computing capacity.
Firmus said its infrastructure is designed to bring AI capacity online more efficiently, as demand for high-density computing escalates across the sector.
Project Southgate and Australian manufacturing strategyFirmus’ immediate efforts are centered on Project Southgate, a multi-site AI Factory program spanning Australia. The company recently secured a multi-year agreement with a global tech firm for around 18,400 NVIDIA GB300 GPUs at its Melbourne site, pointing to contracted demand for its facilities.
Rather than relying solely on imports, Firmus has developed a domestic manufacturing base to support production of cooling systems, power components, and integrated modules. Its infrastructure plan emphasizes both energy efficiency and active participation in Australia’s power grid.
Oliver Curtis, Co-Chief Executive Officer at Firmus, emphasized that the new investment positions the firm to rapidly expand in Australia and to “fast-track our capacity to expand into the wider Asia-Pacific region.” He also identified Indonesia as a potential early market for regional growth.
LocationFocusStatusMelbourne, AustraliaAI Factory with 18,400 NVIDIA GPUsMulti-year contract signedOther Australia sitesExpansion, additional factoriesIn developmentIndonesiaPotential first Asia-Pacific expansionIdentified as opportunityFirmus moves from Bitcoin mining to AI computingFirmus initially specialized in cooling technologies for Bitcoin mining infrastructure before shifting to focus on AI data center solutions. This transition mirrors an increasing trend among mining companies, which are adapting existing facilities—originally built for Bitcoin mining—to accommodate high-performance AI workloads as global demand rises.
The move leverages the power, cooling, and large-scale infrastructure developed for mining, though AI computing requires specialized hardware and network design.
Mini dictionary: Project Southgate refers to Firmus’ program of creating multiple AI-focused data centers across Australia, intended to meet regional demand for advanced computing infrastructure.
Energy and water demands spark policy concernsFirmus’ rapid growth also raises community and policy concerns, particularly in Tasmania, where proposed AI facilities could require more than 400 megawatts of electricity. Local media have reported growing interest in how the company will manage its electricity and water usage at scale.
Australia’s evolving energy regulations may affect Firmus’ operations. New policy stipulates that data centers must be majority powered by renewable energy, placing additional requirements on energy sourcing and grid stability as new AI infrastructure comes online.
Firmus stated that its facilities are designed to use renewable energy and participate actively in the power grid. The company’s long-term valuation will depend on its ability to curb energy and water consumption while meeting the needs of institutional customers.
Executing on renewable energy commitments and energy efficiency will be crucial for Firmus as AI adoption accelerates and regulatory scrutiny grows.
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.
NFT project StonkBrokers' floor price rises to 9.225 ETH, surging over 20% in 24 hours.
According to OpenSea market data, the floor price of NFT project StonkBrokers has climbed to 9.225 ETH, surging more than 20% in 24 hours, with cumulative trading volume totaling 1,734 ETH. The project has a fixed supply of 4,444 pixel-style "stockbroker" PFP NFTs (ERC-721 standard). Each NFT is linked to an ERC-6551 Token-Bound Account (TBA). At minting, tokenized stocks (including TSLA, AMZN, NVDA, AAPL, etc.) are pre-deposited, and the account can continue to receive rewards. Via the Anvil NFT AMM, users can swap a random StonkBroker NFT from the protocol vault for a fixed 666,666 units of meme coin STONKBROKER plus a small ETH gas fee; they can also sell an NFT back to the vault for an equivalent amount of tokens. Holders must spend STONKBROKER to "activate" their NFTs. The higher the activation level, the larger the weight of stock token rewards they earn. Part of the activation fee is burned, while the rest goes to the protocol. Fee flywheel mechanism: Around 70% of Anvil AMM transaction fees are converted into real stock tokens and airdropped to activated NFT-bound wallets. BlockBeats reminds users that relevant projects involve high uncertainty and price volatility, so users should exercise caution when investing.
51 minutes ago
Jiang Zhuo'er: No signs of a bull market kickoff in funding conditions; a rebound to $68,000–$70,000 may see a final decline.
Jiang Zhuoer, founder of BTC.TOP (formerly LTC Mining Pool), noted in a post that stablecoins in the crypto market are continuing to flow out. Over the past month, USDT’s market capitalization has slipped from $184.2 billion to $183.1 billion, while USDC’s fell from $73.28 billion to $72.15 billion, a total decline of $22.3 billion. The current liquidity situation shows no signs of an imminent bull market. Bitcoin could rebound to the $68,000–$70,000 range at most, before a final drop following the liquidation of short positions.
51 minutes ago
To avoid a government shutdown, the U.S. Senate passed a temporary funding bill.
The U.S. Senate passed a temporary measure on Saturday to fund federal agencies through December 11, an effort to avert a catastrophic federal government shutdown weeks ahead of the November midterm elections. According to Fox News, the vote was 90 in favor, 6 opposed, with Senator Lindsey Graham (R-South Carolina) abstaining. The measure does not guarantee a full shutdown is avoided, but it helps prevent a shutdown from occurring on October 1, the start of the government’s new fiscal year. The House of Representatives will still need to reconcile the bill after returning from recess.
51 minutes ago
Attacker of Aztec’s private Rollup bridge transfers another 300 ETH to Tornado Cash, bringing total mixed ETH to 500.
According to PeckShield monitoring, the wallet address identified as the attacker of Aztec Network’s Private Rollup Bridge has once again deposited 300 ETH into Tornado Cash, valued at approximately $572,000. To date, the attacker has transferred a total of 500 ETH to Tornado Cash. Earlier, Aztec Network suffered a security breach in June 2026, resulting in losses of around $2.165 million in crypto assets. This fund transfer may further complicate the tracing of stolen assets.
51 minutes ago
TUT surges over 55% in 24 hours, with its market capitalization climbing to $40 million.
According to HTX market data, TUT has rallied more than 55% in the past 24 hours, currently trading at $0.04838, with its market capitalization rising to $40 million.
51 minutes ago
IMF: Domestic stablecoins may boost demand for U.S. dollar stablecoins
International Monetary Fund (IMF) First Deputy Managing Director Dan Katz said local stablecoins designed to reduce reliance on USD stablecoins may actually accelerate users’ shift toward USD stablecoins. Katz noted that when local stablecoins and USD stablecoins operate on the same blockchain infrastructure, users can swap between them via decentralized exchanges, liquidity pools, or peer-to-peer transactions, which could lower capital conversion costs and shift foreign exchange activities from traditional banks and currency dealers to on-chain platforms. “Local stablecoins could even accelerate the adoption of foreign exchange stablecoins (USD stablecoins),” he said. Citing South Africa as an example, Katz pointed out that while USD stablecoins already have some local adoption there, demand for local stablecoins pegged to the rand is lower. While no definitive conclusions can be drawn yet, users may prefer USD stablecoins due to their higher liquidity, stronger network effects, and broader acceptance across platforms and borders. Katz argued that the impact of stablecoins varies by country context: in highly dollarized economies, stablecoins may primarily replace existing USD-denominated assets; in countries with limited access to USD and weaker economic fundamentals, stablecoins could further increase demand for foreign currency. He called on global regulators to include stablecoin on-ramps, off-ramps, and on-chain trading platforms in their regulatory frameworks to mitigate potential risks.
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.
Santiment, a cryptocurrency market analysis platform, has provided a detailed look at the current state of Bitcoin (BTC) and altcoins in its latest weekly report.
Analysts assessing the current direction of the market have drawn attention to the capitulation process experienced by individual investors, as well as the accumulation strategies of large-scale wallets.
According to Santiment data, recent uncertainties and sideways/downward price movements have created a significant sense of panic and despair among individual investors. This situation, described as small investor capitulation, shows a noticeable increase in the number of small investors selling at a loss or withdrawing from the market.
However, analysts argue that historical data shows that periods when small investors completely lose hope in the market and increase selling pressure generally mark the bottoms. The general atmosphere of fear and resignation in the market is often considered the necessary foundation for the start of uptrends.
While individual investors are becoming pessimistic and emptying their wallets, on-chain metrics show that smart money and whales are following the opposite strategy. A clear accumulation trend is emerging in addresses holding large amounts of BTC and strategic altcoins.
According to Santiment’s analysis, these aggressive whale purchases at the lows indicate that the medium- to long-term bullish outlook remains strong. Large players continue to grow their positions by collecting the liquidity injected into the market by small investors.
Bitcoin is at the heart of whale accumulation. The number of active addresses on the network and the amount of BTC withdrawn from exchanges indicate that the supply constraint is gradually increasing. According to the analyst firm, opportunities are beginning to emerge in altcoins, the area where individual investor interest has decreased the most. While some altcoin projects are showing oversold signals, these periods of low sentiment are considered noteworthy in terms of risk/reward ratio.
Santiment analysts point out that this market cycle follows a logical rule: periods when individual investors throw in the towel, media attention wanes, and negative narratives dominate the market are usually precursors to the strongest bull runs. The steady buying by whale accounts and the support provided by on-chain data signal that a new wave of activity may be on the horizon.
*This is not investment advice.
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Three well-known crypto analysts believe BTC has completed its last correction this cycle and is preparing for a new leg up. But is it?
Ever since bitcoin started plunging real hard at the start of the new year and dumped to and eventually below $60,000, analysts have been focused on trying to determine where the bottom is. As usual, they are split into two camps: two who believe another crash is coming, and the optimists indicating that the worst is behind us.
Crypto X, though, was a little surprised on Friday when three analysts showed an interesting and unexpected convergence, with Ali Martinez, Michaël van de Poppe, and Merlijn The Trader posting opinions that essentially determined BTC is about to break out.
Analysts Turn Bullish Martinez emerged as arguably the most bullish, highlighting several factors that have aligned for his major breakout call. He noted that improving on-chain data and technical indicators suggest that BTC has likely established a local bottom. He added that selling pressure has faded, while long-term accumulation continues. The combination creates favorable conditions that have historically preceded meaningful upside moves.
The analyst explained that the TD Sequential flashed a major buy signal on BTC’s monthly chart in July, which is a rare signal that successfully identified the last market bottom in 2022.
Van de Poppe echoed the statement, reaching a similar conclusion from a macro perspective. He argued that BTC’s decline toward $60,000 resembles previous bull-market corrections, which often shook out leveraged traders before the broader uptrend resumed.
In his view, similar moves were a healthy reset rather than the deepening of a bear market, with liquidity returning and buyers gradually stepping back in. Merlijn The Trader, on the other hand, commented that the cryptocurrency has completed a classic breakdown-and-reclaim pattern that frequently marks the end of corrections.
THE BITCOIN BOTTOM IS IN. Q3 KEEPS TELLING THE SAME STORY.
2023: price chopped above one horizontal level all summer, tested it three times, and never lost it.
Q4 went vertical.
2024: same structure, same three tests, same result.
2026 is running it again. Three touches… pic.twitter.com/gcEJqwqahv
— Merlijn The Trader (@MerlijnTrader) August 7, 2026
You may also like: Bitcoin Barely Budges as Weak US Jobs Data Cuts Fed Hike Odds to 44% Micro Bitcoin (BTC) Holders Are Vanishing at the Fastest Pace Since December 2024 Bitcoin Miner MARA Posts $611M Loss as Revenue Falls 27% Too Good to Be True? The scenario above sounds appealing, right? But there’s also the other side of the coin, and BTC’s history suggests investors should remain cautious whenever the market speaks with such firm conviction. One of the asset’s defining characteristics over the past decade has been its tendency to inflict maximum pain on the majority. It has moved time and time again precisely in the opposite direction of prevailing expectations.
Some of the most significant rallies came after market shocks: the run after the COVID-19 crash, the aftermath of the FTX collapse in late 2022, and so on. In contrast, it has slumped once the market has become too greedy and optimistic: recall the October 2025 crash and subsequent 55% correction.
Of course, this doesn’t necessarily mean that the aforementioned analyses are wrong. Many of the factors they named are objectively constructive and promising. However, markets rarely reward the obvious trade.
Don’t get us wrong – we remain BTC bulls. But we would also like to caution everyone who might go all in just because the sentiment among some top analysts has flipped.
Another bitcoin infrastructure exploit hits, this time draining merchant Lightning nodes. (Max Bender/Unsplash)Summary
Attackers exploited a critical vulnerability in BTCPay Server to steal funds from Lightning nodes running LND, prompting urgent calls to update to version 2.4.2 or take servers offline.The flaw allowed unauthenticated access to LND “.macaroon” credential files, enabling attackers to seize control of affected Lightning nodes and drain their channels, though BTCPay’s standard on-chain wallets were not impacted.Victims including hardware-wallet maker Foundation and bitcoin publication Citadel21 reported their Lightning nodes were swept, as BTCPay and the Bitcoin Red Team investigate and prepare a full postmortem on the incident.A rough week for bitcoin's software is getting worse, this time hitting merchants who accept bitcoin BTC$64,987.55 payments through Lightning, a separate network built on top of bitcoin for instant, low-cost transfers.
Attackers drained Lightning nodes running behind BTCPay Server late on Friday after exploiting a critical vulnerability that exposed the credentials protecting them, the team said in an X post.
BTCPay confirmed funds were stolen and told anyone running LND, the most widely used software for operating a Lightning node, to update immediately to version 2.4.2 or take the server offline.
The project has not disclosed how many users were hit or how much bitcoin was taken.
The flaw allowed an unauthenticated remote attacker to obtain “.macaroon” files, or credentials that give software permission to interact with an LND Lightning node. BTCPay said the attacks it reviewed targeted those files, which could then be used to take control of the node and move funds.
Hardware-wallet maker Foundation was among the victims. Chief Executive Zach Herbert said attackers drained the company's BTCPay Lightning node overnight, closing its channels and sweeping the funds. Its BTCPay on-chain hot wallet was untouched.
Citadel21, the bitcoin publication run by pseudonymous commentator hodlonaut, also reported that its Lightning node had been swept, though it said little money was held there.
The vulnerability had already been reported to BTCPay by members of the Bitcoin Red Team — a group of developers that began pointing AI models at bitcoin codebases this week and has filed thousands of findings across hundreds of projects since.
Read More: Bitcoin developers flag 85 critical bugs in an "extremely bad" situation.
BTCPay credited Red Team members Craig Raw, Rob Hamilton, Calle and Evan Kaloudis with responsibly disclosing the issue and helping analyze it.
The group's stated reason for publishing findings quickly was that people outside it would arrive at the same bugs, and by the time BTCPay's public warning went out, attackers were already exploiting this one against live servers.
Meanwhile, BTCPay narrowed the scope after its initial alert, saying its standard on-chain wallets, including hot wallets generated inside BTCPay, are not affected by the credential flaw.
The exposure applies specifically to deployments using LND, and funds held inside LND's own on-chain wallet can still be at risk because they sit under the compromised Lightning node.
BTCPay has not yet published technical details of the vulnerability, saying operators need time to patch. A full postmortem is due in the coming days.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
BTCPay Server, the open-source payment processor used by thousands of Bitcoin merchants worldwide, issued an urgent security alert on August 7 after attackers exploited a critical vulnerability to drain funds from connected Lightning nodes. The flaw gave unauthorized access to Lightning node credentials, and at least two prominent Bitcoin community members confirmed their nodes were emptied overnight.
Foundation, the company behind a popular line of hardware wallets, and hodlonaut, who runs the Bitcoin publication Citadel21, both reported that their Lightning channels were force-closed and funds swept clean. Their associated hot wallets were not affected, which narrows the attack vector to something specific about how BTCPay Server handled Lightning node authentication.
What went wrong The vulnerability centered on Lightning node credentials known as macaroons, which function like API keys that grant permission to perform actions on a Lightning node. The problem was that these credentials persisted even after users applied previous software updates. Operators who had dutifully updated their BTCPay Server installations were still exposed because the old macaroons remained valid and required a manual credential refresh.
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BTCPay Server released version 2.4.2 on the same day as the alert, along with guidance to upgrade its NBXplorer backend to version 2.6.10. The project told all operators to either update immediately or shut down their servers entirely to prevent further losses.
Notably, this vulnerability was separate from a prior authentication bug that BTCPay Server had already patched just days earlier.
The self-hosting paradox Foundation builds hardware wallets, devices explicitly designed to give users maximum control over their own Bitcoin. That even they were caught off guard by a BTCPay Server exploit illustrates how demanding it is to maintain airtight security across every layer of a self-hosted stack.
The attack also arrives during a period of heightened scrutiny for Bitcoin infrastructure more broadly. A recent Coldcard firmware flaw put hardware wallet security under the microscope, and the Bitcoin Red Team has been conducting AI-assisted audits of critical Bitcoin tools. The fact that this BTCPay vulnerability was actively exploited before it could be caught by those auditing efforts raises questions about how well the current security review process is keeping pace with the attack surface.
Fallout and what to watch Both BTCPay Server and the Bitcoin Red Team have indicated that detailed technical analyses of the exploit will be published in the coming days.
The specific mechanics of this exploit, credentials that survived software updates, point to a category of vulnerability that’s easy to overlook. When the fix requires an additional manual step that isn’t immediately obvious, the gap between “updated” and “secure” becomes a hunting ground for attackers.
Merchants still running older versions of BTCPay Server with Lightning enabled should treat the situation as urgent. The project’s recommendation to shut down servers if an immediate update isn’t possible is unusually blunt for open-source maintainers.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
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
MORE FOR YOU
Bitcoin and crypto traders have been spooked by recent attacks on bitcoin—sparking fears of a bitcoin price crash.
Getty Images
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.”
Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market
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.
Key Takeaways BTC reached $65,340 on August 7, marking the highest price point of the month with a daily increase of 1.3% July nonfarm payrolls declined by 23,000, representing the first job loss on a monthly basis since February Probability of a September Fed rate increase fell from 55% to 42% following the employment report Spot Bitcoin ETFs in the United States saw $98.85M in net positive flows, extending the streak to five days QCP Capital characterized the week’s cryptocurrency market behavior as demonstrating “resilience” Bitcoin surged to its August peak on Friday following disappointing US employment statistics that altered market expectations regarding Federal Reserve monetary policy decisions.
Bitcoin (BTC) Price According to TradingView data, BTC/USD touched $65,340 on the Bitstamp exchange, representing a 1.3% increase during the trading session. Bitcoin was positioned to close the week with gains exceeding 3%.
The rally followed the US Bureau of Labor Statistics’ announcement that nonfarm payrolls decreased by 23,000 during July. This figure significantly underperformed the consensus forecast of an 85,000 job addition. The decline represented the first negative monthly employment change since February.
BREAKING: The US economy unexpectedly loses -23,000 jobs in July, well below expectations of +85,000.
The unemployment rate fell to 4.1%, below expectations of 4.2%.
June's jobs number was also revised down by -37,000 jobs.
This marks the 3rd biggest monthly job loss since the…
— The Kobeissi Letter (@KobeissiLetter) August 7, 2026
The unemployment rate experienced a modest decline to 4.1% compared to June’s 4.2% reading.
Compounding the weaker-than-expected headline figure, employment data for May and June underwent downward revisions totaling 103,000 positions. These adjustments reinforced perceptions that labor market conditions are deteriorating faster than earlier assessments indicated.
Federal Reserve Rate Expectations Adjust Following Employment Data Financial markets responded swiftly to the employment report. Data from the CME FedWatch Tool showed that the probability of a 0.25% rate increase at the Fed’s September policy meeting dropped from 55% on the previous day to approximately 42% after the data release.
As the trading session progressed, market expectations shifted toward the Fed maintaining current interest rates in September.
JPMorgan’s chief US economist Michael Feroli commented that the employment figures should “marginally lower the chances of a hike at the next meeting.” He emphasized that upcoming inflation data over the next two months would carry greater weight in the Fed’s policy determination.
The S&P 500 opened 0.5% higher following the announcement. The Nasdaq registered gains just above 1%.
Market analyst Daan Crypto Trades shared on X that Bitcoin’s Bull Market Support Band and the Weekly 200 EMA have converged around the $69,000 level. He suggested that a weekly close in the 70K range from this position would serve as a powerful market indicator, adding that the ongoing consolidation pattern would ultimately result in a “large break from compression.”
$BTC Now has its Bull Market Support band and Weekly 200EMA line up perfectly at the $69K area.
If price were to test that, it will be a big test and any closes into the 70Ks and the market is so back.
Below, bitcoin has been hanging onto its Weekly 200MA with marginally higher… pic.twitter.com/gQzZJ0XLWU
— Daan Crypto Trades (@DaanCrypto) August 7, 2026
ETF Inflows Maintain Positive Momentum US spot Bitcoin ETFs registered $98.85 million in net positive flows on August 7, based on SoSoValue data referenced by Wu Blockchain on X. This represented the fifth consecutive trading session with net inflows for US spot Bitcoin products. US spot Ether ETFs similarly attracted $49.60 million in fresh capital, marking their fourth straight day of positive flows.
U.S. Spot Bitcoin ETFs Record $98.85M in Net Inflows, Extend Streak to Five Days
According to SoSoValue data, U.S. spot Bitcoin ETFs recorded $98.85 million in net inflows on August 7 (ET), marking a fifth consecutive trading day of net inflows. U.S. spot Ether ETFs also saw… pic.twitter.com/QCYOZWFTdm
— Wu Blockchain (@WuBlockchain) August 8, 2026
QCP Capital, a trading firm, characterized the cryptocurrency market’s performance during the week as demonstrating “resilience rather than clear directional confirmation.” The firm observed that events such as the Coldcard wallet security breach and Bitcoin sales by entities including Strategy generated only limited concern in options markets.
Throughout the week, Bitcoin primarily traded within a $62,000 to $65,000 corridor, with the $65,340 peak marking the upper boundary of this range.
8 August 2026 | 11:41 BTCPay Server has confirmed that attackers exploited a critical vulnerability and stole funds from affected users.
The risk is specific to vulnerable BTCPay installations using LND rather than BTCPay users broadly. Because exposed node credentials can provide significant control, affected operators should treat the incident as an active security issue.
Key Takeaways BTCPay confirmed the flaw was exploited. LND users below version 2.4.2 must update. Other Lightning setups face no specific exposure. Users should inspect nodes after updating. What Actually Happened? The attackers did not need to break Bitcoin’s cryptography or obtain a seed phrase.
BTCPay says the vulnerability could allow an unauthenticated remote attacker to obtain LND .macaroon files. These files carry permissions used to interact with an LND node. If stolen credentials provide enough authority, they can allow someone else to perform actions on that node, including actions involving funds.
The attacks reviewed by BTCPay targeted files with the .macaroon extension. The project has confirmed that users were affected and funds were stolen, but it is withholding full technical details while operators have time to patch their systems.
Who Is Actually Affected? Users running LND on a BTCPay Server version earlier than 2.4.2, including 2.4.2 release candidates, should treat their installation as affected and update immediately.
BTCPay says other Lightning implementations are not exposed to this particular LND credential issue. The same applies to installations that do not use Lightning, although the project still strongly recommends updating older BTCPay Server versions.
BTCPay’s own on-chain wallets, including hot wallets, were not affected by the vulnerability identified in the advisory. LND’s own on-chain wallet is different: those funds form part of the affected LND node and may still be at risk if control of the node was compromised.
So the incident is serious, but its confirmed scope is more specific than a compromise of every wallet running through BTCPay Server.
What Should BTCPay Users Do Now? Affected LND users should update to BTCPay Server 2.4.2, which also upgrades LND to version 0.21.1. Anyone unable to update immediately is advised to take the server offline until they can.
Once patched, users should review what happened on the node before the update.
BTCPay recommends checking for payments they did not make, unexpected channel closures, unfamiliar peers and differences between expected balances and what the node currently shows.
Credentials may need attention as well. The update regenerates LND macaroons, but users who expose the node through infrastructure they manage separately, such as a reverse proxy, forwarded port or Tor service, should review those access routes and rotate credentials where necessary.
The reason is straightforward: installing the patch closes the known vulnerability, but it cannot determine whether credentials were copied while the server was still exposed.
BTCPay has published additional precautions for different configurations following the incident. Users with more complex setups should check the project’s latest instructions rather than treating the software update as the end of the security review.
Bitcoin Custody Debate The disclosure comes during an awkward week for Bitcoin holders already reconsidering how they secure their coins.
A separate Coldcard incident recently revived questions about the responsibilities that come with holding Bitcoin directly. We explored that issue in our analysis of the Coldcard flaw and the renewed Bitcoin wallet-versus-ETF custody debate.
The two incidents involve different security problems. Coldcard concerns a hardware-wallet environment. BTCPay’s vulnerability involved credentials associated with Lightning infrastructure. Neither indicates that Bitcoin itself was compromised.
Their proximity does, however, highlight how many components can matter once users take direct responsibility for their coins.
A seed phrase may be perfectly safe while software or server credentials create another route to funds. For people running their own infrastructure, hardware security is only part of the job; network exposure, access permissions and software maintenance matter as well.
Some holders may respond by moving more of that responsibility to a custodian or gaining Bitcoin exposure through an ETF. That removes many of the technical tasks faced by an individual operator, but leaves the assets dependent on third-party custody and the protections surrounding it.
After two very different security incidents in the same week, the practical question is less about finding a custody method with no risk and more about understanding exactly where control sits.
Which device, credential or service can move the funds? Who controls it? And if something is exposed, how quickly can that access be replaced or revoked?
For affected BTCPay users, the immediate priorities are simpler: update the server, inspect the LND node and deal with any credentials that may have been exposed.
Methodology: This article is based on BTCPay Server’s security advisory and subsequent public guidance regarding the vulnerability, affected LND deployments, version 2.4.2 and recommended mitigation steps. Technical details have been simplified to explain the practical impact for users. Disclaimer: This article is provided for informational and educational purposes only. Users operating BTCPay Server or LND should follow the project’s latest official security instructions for their specific setup. 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.
Key Takeaways A severe security vulnerability in BTCPay Server enabled unauthorized access to Lightning nodes using LND software, resulting in fund theft Hackers gained access to sensitive “.macaroon” authentication files, allowing complete control over Lightning Network wallets BTCPay Server issued an emergency advisory requiring all users to upgrade to version 2.4.2 or temporarily shut down their systems Victims include Foundation, a hardware wallet manufacturer, and Bitcoin media outlet Citadel21, both reporting drained Lightning nodes While the Bitcoin Red Team disclosed the vulnerability responsibly, malicious actors had already begun exploiting it when the public alert was issued A severe security vulnerability in BTCPay Server was actively exploited Friday evening, resulting in the theft of Bitcoin from Lightning Network nodes and prompting emergency warnings for users to either apply critical updates or take their systems offline.
There is a critical vulnerability being actively exploited on BTCPay Server, which can result in the loss of funds.
Please update your BTCPayServer to 2.4.2 by going to Admin Dashboard -> Server -> Maintenance -> Update & verify the 2.4.2 version string in the footer.
If you…
— BTCPay Server (@BtcpayServer) August 7, 2026
BTCPay Server is a popular open-source platform that enables merchants and enterprises to process Bitcoin payments directly, eliminating the need for third-party custodial services.
The Nature of the Security Breach The security flaw enabled remote attackers to access “.macaroon” files without authentication. These files serve as authorization credentials that grant applications the ability to communicate with LND Lightning nodes.
LND represents the most popular implementation for operating Lightning Network nodes. With these stolen credential files in hand, malicious actors gained full administrative access to nodes and initiated unauthorized fund transfers.
BTCPay Server acknowledged the theft and issued an immediate directive for all users to install version 2.4.2. Users unable to perform the upgrade were instructed to power down their servers completely until the security patch could be implemented.
The organization has not revealed the number of compromised users or the total value of stolen Bitcoin.
Foundation, a company specializing in hardware wallets, verified that its BTCPay Lightning node was completely drained during the attack. CEO Zach Herbert explained that the attackers forcibly closed the company’s payment channels and transferred all available funds. The company’s on-chain hot wallet remained secure.
Bitcoin-focused media platform Citadel21, operated by pseudonymous figure hodlonaut, also reported having its Lightning node emptied. The publication noted that minimal funds were stored in the node at the time of the breach.
BTCPay Server emphasized that conventional on-chain wallets within the platform were unaffected by this credential vulnerability. However, any Bitcoin stored in LND’s internal on-chain wallet remains vulnerable due to its connection to the compromised node infrastructure.
Recommended Security Measures Post-Update Following the installation of the security patch, BTCPay Server recommended users regenerate all macaroon credential files and the macaroon database, update authentication tokens connected to Lightning Network backends, and transfer Bitcoin from existing hot wallets within BTCPay before creating fresh wallet instances.
These procedures are designed to invalidate any compromised credentials that attackers may have already obtained.
Discovery and Disclosure Timeline The vulnerability was identified by the Bitcoin Red Team, a collective of developers who recently launched AI-powered security audits of Bitcoin software repositories. The team privately notified BTCPay Server of the issue. Security researchers Craig Raw, Rob Hamilton, Calle, and Evan Kaloudis received recognition for their responsible disclosure practices.
The team explained their decision to publish findings rapidly stemmed from concerns that independent attackers would inevitably uncover identical vulnerabilities. Unfortunately, active exploitation was already in progress by the time BTCPay Server released its public security advisory.
BTCPay Server has not yet published comprehensive technical documentation regarding the vulnerability. A detailed incident analysis is anticipated within the next several days.
Bitcoin climbed to a new peak for August, reaching $65,340 after a weaker-than-expected US employment report shifted market expectations for Federal Reserve policy decisions.
US employment figures fall shortBTC/USD rose 1.3% during Friday’s session on the Bitstamp exchange, putting the largest cryptocurrency on track to close the week with over a 3% gain. The rise followed data from the US Bureau of Labor Statistics, which reported that nonfarm payrolls declined by 23,000 in July. Economists had projected a gain of 85,000 jobs instead, making this the first monthly jobs decline since February.
The unemployment rate edged down to 4.1%, slightly below June’s 4.2%. In addition, the Labor Department revised down previous jobs numbers for May and June by a combined 103,000 positions, intensifying concerns about the pace of labor market deterioration.
The payroll numbers fell well below market forecasts, with significant downward revisions in prior months, leading to a notable shift in how investors view the health of the US labor market.
These developments drew immediate attention on social media and among market analysts. The S&P 500 index opened 0.5% higher after the jobs report, while the Nasdaq recorded gains just above 1% shortly into the session.
Fed rate hike expectations declineMarket participants quickly reassessed the outlook for Federal Reserve monetary policy. According to the CME FedWatch Tool, the likelihood of a 0.25% rate hike at September’s Fed policy meeting dropped from 55% to 42% after the release of the employment data.
JPMorgan chief US economist Michael Feroli stated that the latest jobs numbers should “marginally lower the chances of a hike at the next meeting,” but added that upcoming inflation data over the next two months would likely play a key role in the Fed’s decision-making process.
Analysts noted that the employment report led markets to expect the Fed to hold current policy rates in September, while further economic data continues to guide sentiment.
Market analyst Daan Crypto Trades highlighted that Bitcoin’s Bull Market Support Band and the Weekly 200 EMA are now aligning at the $69,000 level. He suggested that a move to this area, particularly with a weekly close above it, would signal stronger market momentum. The analyst described ongoing price consolidation as setting up for a “large break from compression.”
Mini dictionary: Bull Market Support Band and Weekly 200 EMA — The Bull Market Support Band is a technical analysis indicator used to identify key support and resistance levels based on moving averages. The Weekly 200 EMA (Exponential Moving Average) is another long-term metric that traders watch to gauge trend direction and potential reversal points.
IndicatorCurrent ValueKey LevelBull Market Support Band~$69,000ResistanceWeekly 200 EMA~$69,000ResistanceBTC Week Range$62,000 – $65,340Peak: $65,340ETF inflows remain strongSpot Bitcoin exchange-traded funds (ETFs) in the United States recorded $98.85 million in net positive flows on August 7, according to data from SoSoValue. This marked the fifth consecutive session of net inflows into US spot Bitcoin ETFs. Spot Ether ETFs also gained $49.60 million in fresh capital, extending their streak of positive inflows to four sessions.
QCP Capital, a Singapore-based digital asset trading firm, described the week’s cryptocurrency market behavior as demonstrating “resilience rather than clear directional confirmation.” The firm noted that recent security incidents and institutional Bitcoin sales generated only minimal unease in derivatives markets.
Throughout the week, Bitcoin traded within a range of $62,000 to $65,340, with limited volatility and a consistent buildup of momentum near the upper end of the channel.
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.
Institutional capital continues to flow into cryptos despite volatility that keeps retail investors on the defensive. On Thursday, ETFs backed by bitcoin and Ether recorded more than $220 million in net flows, confirming the intact appetite of traditional finance for these assets. Once again, BlackRock concentrates the bulk of subscriptions and strengthens its role as the main driver of this momentum in the crypto ETF market.
In brief More than $220 million jointly injected into Bitcoin and Ether ETFs during Thursday’s session. A fourth consecutive day of net inflows (+$128.69 million), bringing the four-session total to $755 million. The IBIT fund crushes the competition on Bitcoin with +$128.33 million, while ETHA largely dominates Ether (+$81.14 million). Despite falling prices, the number of shares outstanding remains stable, reflecting a long-term accumulation strategy rather than immediate speculation. Bitcoin ETF : a fourth consecutive day of gains driven by BlackRock The Bitcoin ETFs recorded a net inflow of $128.69 million across six distinct vehicles, extending the current positive streak to four consecutive sessions for a total of $755 million. Once again, the capital allocation among the various funds shows a marked disparity :
BlackRock (IBIT) : a dominating presence with +$128.33 million captured alone ; Morgan Stanley (MSBT) : an additional inflow of +$14.94 million ; Fidelity (FBTC) : a positive flow of +$11.20 million ; Grayscale : an inflow of +$7.48 million on GBTC and +$6.83 million on the Bitcoin Mini Trust ; Bitwise (BITB) : a modest subscription of +$1.75 million ; VanEck (HODL) & Valkyrie (BRRR) : capital outflows of -$32.77 million for VanEck and -$9.07 million for Valkyrie. Despite these conflicting reallocations among managers, overall activity remained particularly strong in the spot derivatives secondary market. The total daily trading volume for all Bitcoin ETFs reached $1.36 billion on Thursday, while the combined net assets under management closed at $78.77 billion.
Thus, the massive concentration of volumes towards IBIT confirms BlackRock’s dominant position as the primary access channel for institutional investors. These figures reflect the persistence of a solid working capital demand among major players, maintaining a regular liquidity floor despite sometimes hesitant short-term price fluctuations.
The Ether surge and selective altcoin momentum On the side of the market’s second-largest asset, the trajectory was even more explicit with a total net subscription of $92.15 million spread across five funds, with no Ether ETF recording any capital outflow during the session. BlackRock’s ETHA product also dominated by collecting $81.14 million. The remaining amounts were subscribed through Grayscale’s Ether Mini Trust fund at $4.55 million, its historic ETHE fund for $3.07 million, BlackRock’s ETHB vehicle for $1.96 million, and Fidelity’s FETH for $1.42 million. With a traded volume of $435.46 million and net assets reaching $10.64 billion for Ether ETFs, this segment confirms a significant resurgence.
By contrast, the landscape was much more mixed regarding other cryptos. XRP-backed ETFs returned to positive territory thanks to an injection of $3.45 million, mostly driven by Bitwise’s fund at $2.89 million and Franklin Templeton’s (XRPZ) at about $562,000, bringing the sector’s net assets to $964.21 million.
The HYPE ETFs continued their recovery trajectory by attracting $2.84 million via Bitwise’s BHYP product, raising the daily volume to $5.10 million and net assets to $265.04 million. Conversely, Solana ETFs took an opposite course, with Fidelity’s FSOL fund registering a net outflow of $859,450, leaving total combined net assets at $857.24 million.
Lawrence Lepard’s insight on holder maturity Beyond daily cash flows, the ownership structure of these vehicles offers a fundamental reading grid on institutional investor attitudes toward price fluctuations. Commenting on the firmness of subscribers amid recent volatility, Austrian economist and investment manager Lawrence Lepard highlighted the remarkable stability of shares held: “although the value of Bitcoin ETFs has dropped significantly from its peak, the total number of shares outstanding has decreased by a much smaller proportion, indicating very limited net sales from holders”.
This observation reveals a marked divergence between spot market volatility and the long-term commitment of ETF holders. As asset management giants centralize most incoming flows, asset data indicate that a significant fraction of institutional investors view these vehicles as strategic allocation instruments rather than mere short-term speculation tools.
While this financial foundation provides valuable structural support to the ecosystem, it also raises questions about capital concentration in the hands of a limited number of financial conglomerates. Upcoming regulatory developments and evolving demand in altcoin-specific derivatives products will determine whether this selective appetite extends to the broader market or continues to primarily benefit the sector leaders.
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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.
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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.
Washington sanctioned Shelbit and Aban Tether on August 7, 2026, accusing the two crypto platforms of supporting financial networks linked to Iran. Behind these little-known names lies a network of companies, online betting, and wallets associated with the Revolutionary Guards.
In brief The OFAC listed Shelbit, Aban Tether, and several related persons and companies on its sanctions lists on August 7, 2026. The U.S. Treasury describes three categories of crypto transfers of more than 1 million, 2 million, and 2 million dollars around Shelbit, the IRGC, and Nobitex. Assets under U.S. jurisdiction are blocked, while actors continuing certain transactions face sanctions. Shelbit and Aban Tether enter OFAC’s crosshairs Shelbit was already under the spotlight before the American decision. Cointribune had recently documented the Shelbit dossier and its transfers to Binance, amid suspicions of money laundering and sanctions evasion. On August 7, Washington took a step further by directly listing the platform and its alleged operator in its sanctions framework.
In its press release published on August 7, 2026, the Office of Foreign Assets Control (OFAC), a branch of the U.S. Treasury responsible for enforcing economic sanctions, targets two platforms: Shelbit and Aban Tether. The agency also targets Siavash Kayvanpour, described as the head of a network of companies established notably in Georgia, the United Arab Emirates, and Poland.
The initial assessment reported by Cointelegraph mentions more than 5 million dollars in transfers detailed by the administration. However, the official statement distinguishes several movements: over 1 million dollars are said to have circulated from wallets controlled by the Islamic Revolutionary Guard Corps (IRGC) to Shelbit, more than 2 million from Shelbit to the IRGC, then over 2 million from addresses linked to Kayvanpour to Nobitex.
This breakdown does not allow to confirm that all these amounts represent entirely distinct funds.
Aban Tether follows a different mechanism. According to OFAC, this Iranian platform processed millions of dollars in transactions with Nobitex, Wallex, Bitpin, and Ramzinex, four Iranian exchanges already designated by Washington. The agency sanctions Aban Tether under its activity in the Iranian financial sector.
A network of companies and betting behind crypto flows The dossier goes beyond the two platforms displayed on the list. The Treasury describes Shelbit as the gateway for a vast network of Persian betting sites, run by two Iranian influencers convicted in 2023 for illegal gambling. Tens of millions of dollars from this group are said to have passed through Shelbit, while these sites retained access to the Iranian payment system.
Washington also links several companies to Kayvanpour: SHPS Shelbit in Georgia, Shelbit General Trading in the United Arab Emirates, Shelbit Technologies in Poland, as well as Crypto Home DMCC and NFT Home DMCC in Dubai. The Emirati regulator VARA had already taken measures against Shelbit General Trading in January 2025 and July 2026. Despite these interventions, the activity continued.
This offensive is part of a larger sequence. In May, Scott Bessent claimed that the United States had recovered one billion dollars of cryptos linked to Iran, without detailing all the operations involved. The new decision is therefore not an isolated strike: it expands American pressure to providers connecting wallets, local platforms, and commercial networks.
We will continue to increase economic pressure. Whether in dollars, rials, or crypto, the Treasury will track and dismantle illicit financial networks keeping the regime afloat.
Scott Bessent, U.S. Treasury Secretary The State Department also offers up to 15 million dollars for any information that can disrupt the IRGC’s and its branches’ financial mechanisms. This amount shows the priority given to monitoring these networks.
What the sanctions change for crypto actors Being listed on OFAC’s lists has immediate effects. Properties and interests held in the United States, or controlled by Americans, must be blocked and reported. The rule extends to entities owned 50% or more, directly or indirectly, by one or more sanctioned persons.
Restrictions do not stop at U.S. borders. Financial institutions and foreign companies can face sanctions if they conduct certain operations with designated persons. OFAC can also impose civil penalties based on strict liability without having to prove intent to circumvent rules.
This is the sensitive point for exchanges. Transfers on a public blockchain leave traces, but identifying real beneficiaries still depends on internal controls, customer data, and cooperation between authorities. A platform that maintains relationships with a sanctioned address or company can therefore see its access to banking partners and the U.S. market severely compromised.
In short, Washington tightens the noose on the infrastructure enabling funds to circulate, not just on their final holders. The designation of Shelbit, targeting of Aban Tether, and threat of secondary sanctions push intermediaries to review their controls. The risk of sanctions for maritime companies had already shown how far this exposure could extend. Now, crypto platforms are warned.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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NFT project StonkBrokers' floor price rises to 9.225 ETH, surging over 20% in 24 hours.
According to OpenSea market data, the floor price of NFT project StonkBrokers has climbed to 9.225 ETH, surging more than 20% in 24 hours, with cumulative trading volume totaling 1,734 ETH. The project has a fixed supply of 4,444 pixel-style "stockbroker" PFP NFTs (ERC-721 standard). Each NFT is linked to an ERC-6551 Token-Bound Account (TBA). At minting, tokenized stocks (including TSLA, AMZN, NVDA, AAPL, etc.) are pre-deposited, and the account can continue to receive rewards. Via the Anvil NFT AMM, users can swap a random StonkBroker NFT from the protocol vault for a fixed 666,666 units of meme coin STONKBROKER plus a small ETH gas fee; they can also sell an NFT back to the vault for an equivalent amount of tokens. Holders must spend STONKBROKER to "activate" their NFTs. The higher the activation level, the larger the weight of stock token rewards they earn. Part of the activation fee is burned, while the rest goes to the protocol. Fee flywheel mechanism: Around 70% of Anvil AMM transaction fees are converted into real stock tokens and airdropped to activated NFT-bound wallets. BlockBeats reminds users that relevant projects involve high uncertainty and price volatility, so users should exercise caution when investing.
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The U.S. Senate passed a temporary measure on Saturday to fund federal agencies through December 11, an effort to avert a catastrophic federal government shutdown weeks ahead of the November midterm elections. According to Fox News, the vote was 90 in favor, 6 opposed, with Senator Lindsey Graham (R-South Carolina) abstaining. The measure does not guarantee a full shutdown is avoided, but it helps prevent a shutdown from occurring on October 1, the start of the government’s new fiscal year. The House of Representatives will still need to reconcile the bill after returning from recess.
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Attacker of Aztec’s private Rollup bridge transfers another 300 ETH to Tornado Cash, bringing total mixed ETH to 500.
According to PeckShield monitoring, the wallet address identified as the attacker of Aztec Network’s Private Rollup Bridge has once again deposited 300 ETH into Tornado Cash, valued at approximately $572,000. To date, the attacker has transferred a total of 500 ETH to Tornado Cash. Earlier, Aztec Network suffered a security breach in June 2026, resulting in losses of around $2.165 million in crypto assets. This fund transfer may further complicate the tracing of stolen assets.
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TUT surges over 55% in 24 hours, with its market capitalization climbing to $40 million.
According to HTX market data, TUT has rallied more than 55% in the past 24 hours, currently trading at $0.04838, with its market capitalization rising to $40 million.
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IMF: Domestic stablecoins may boost demand for U.S. dollar stablecoins
International Monetary Fund (IMF) First Deputy Managing Director Dan Katz said local stablecoins designed to reduce reliance on USD stablecoins may actually accelerate users’ shift toward USD stablecoins. Katz noted that when local stablecoins and USD stablecoins operate on the same blockchain infrastructure, users can swap between them via decentralized exchanges, liquidity pools, or peer-to-peer transactions, which could lower capital conversion costs and shift foreign exchange activities from traditional banks and currency dealers to on-chain platforms. “Local stablecoins could even accelerate the adoption of foreign exchange stablecoins (USD stablecoins),” he said. Citing South Africa as an example, Katz pointed out that while USD stablecoins already have some local adoption there, demand for local stablecoins pegged to the rand is lower. While no definitive conclusions can be drawn yet, users may prefer USD stablecoins due to their higher liquidity, stronger network effects, and broader acceptance across platforms and borders. Katz argued that the impact of stablecoins varies by country context: in highly dollarized economies, stablecoins may primarily replace existing USD-denominated assets; in countries with limited access to USD and weaker economic fundamentals, stablecoins could further increase demand for foreign currency. He called on global regulators to include stablecoin on-ramps, off-ramps, and on-chain trading platforms in their regulatory frameworks to mitigate potential risks.
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Sources: Senior US military officials are seeking ways to disengage from the Iran conflict.
U.S. sources told media on the 7th that U.S. Chairman of the Joint Chiefs of Staff Dan Caine is seeking ways to disengage from the Iran conflict. Three people familiar with the matter disclosed that over recent weeks, Caine has privately made clear to other senior Trump administration advisors that the U.S. needs a path out of the Iran conflict, as military options on the table could backfire, and air power alone is unlikely to fulfill Trump’s goals. Sources added that Caine has discussed military options for escalating the conflict with other government officials—including Vice President Vance, Secretary of State Rubio, and CIA Director Ratcliffe—while also proposing avenues to end the hostilities. Recently, Caine has also held private meetings with several like-minded Trump advisors to ensure they reach a consensus ahead of their meetings with the president. Additionally, during his recent talks with Trump, Caine voiced concern over the U.S.’s dwindling ammunition reserves, and the two sides also discussed potential options to escalate the conflict.
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.
US spot Bitcoin ETFs attracted roughly $102 million in net inflows on August 7, while their Ethereum counterparts pulled in about $50 million on the same day. Solana and XRP ETFs, meanwhile, recorded exactly zero net change.
The Bitcoin figure is notable not just on its own but as part of a broader trend. Weekly inflows into spot Bitcoin ETFs crossed the $750 million mark, suggesting the kind of sustained capital allocation that tends to precede more bullish phases in the market.
Where the money is flowing The inflows are spread across products from the usual heavyweights: BlackRock, Fidelity, ARK 21Shares, and Grayscale. These issuers have established themselves as the primary on-ramps for investors who want Bitcoin and Ethereum exposure without actually holding the assets themselves.
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The fact that Solana and XRP ETFs posted flat flows on August 7 tells its own story. These newer products haven’t yet reached the critical mass of investor interest needed to generate consistent daily movement.
A recovering market finds its footing The $750 million-plus in weekly Bitcoin ETF inflows represents a meaningful recovery from earlier periods in 2026 that saw net outflows, when investors were pulling capital amid broader market uncertainty. Price stability across major cryptocurrencies appears to be a key factor in the reversal.
Daily flow tracking from data providers like SoSoValue and Farside Investors has given the market an unprecedented level of transparency into where capital is moving. Every morning, traders and analysts can see exactly which funds gained or lost assets the previous day.
Spot Bitcoin ETFs launched in early 2024, with spot Ethereum ETFs following in mid-2024. By 2026, additional spot products for assets such as Solana and XRP expanded the available array of crypto-linked ETFs significantly.
What the inflows signal for market dynamics The concentration of flows in Bitcoin and Ethereum, with zero movement in Solana and XRP products, reinforces the two-tier structure that has emerged in crypto ETFs.
Sustained weekly inflows above $750 million indicate that this isn’t just a one-day blip driven by a single large buyer. Multiple days of positive flows suggest broader participation across different investor types, from retail accounts to institutional allocators adjusting their portfolio weightings.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin (CRYPTO: BTC) continues to underperform tech stocks, even as ever more bottoming signs lift market sentiment.
In an X post on Aug. 7, Glassnode data highlighted that global risk assets including U.S. equity indices, European stocks, gold, have moved sharply while Bitcoin has largely stood still.
Bitcoin remained slightly below where it traded a week earlier and lagged the S&P 500 by more than four percentage points.
The divergence stands out because Bitcoin has historically been viewed as a high-beta risk asset. This time, improving sentiment across traditional markets has failed to produce a comparable crypto rally.
Bitcoin’s lack of volatility was particularly notable following a major self-custody security incident.
In roughly 25 minutes during the early hours of July 31, an attacker exploiting a five-year-old key-generation flaw in Coldcard hardware wallets reportedly drained approximately 594 BTC, worth about $38 million, from roughly 500 wallets.
The incident triggered substantial on-chain activity like holders largely migrating assets into fresh storage rather than liquidating their Bitcoin.
More strikingly, spot prices showed little measurable reaction to the forced movement of older supply.
Institutional Bitcoin demand has weakened sharply, with spot ETFs posting record June outflows and corporate buying failing to offset the selling.
Despite supportive macro conditions and resilient prices, the lack of aggressive buyers has kept Bitcoin stagnant, leaving a rebound in institutional flows as a key catalyst for a potential bottom.
Bottom Signals Lack PanicBitcoin’s current market structure is also challenging the traditional template for a cycle bottom.
Historically, major bottoms have been accompanied by capitulation: volatility surges, prices collapse and the percentage of profitable Bitcoin supply falls sharply.
This cycle has reached similar profitability compression without the accompanying volatility explosion.
Instead, the adjustment has occurred through months of sideways and declining prices.
That suggests Bitcoin may be approaching familiar bottom territory through time-based capitulation and investor boredom rather than a dramatic final flush.
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Former U.S. Securities and Exchange Commission (SEC) official John Reed Stark has warned that the cryptocurrency industry faces a "ticking clock" due to rapid advances in quantum computing.
Stark claimed that two recent developments should concern "every financial professional" and particularly long-term Bitcoin holders.
According to the former SEC enforcement attorney, quantum computing progress could create significant future risks due to crypto's integration into traditional finance.
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In his post, Start pointed to two recent events. The first involved IBM CEO Arvind Krishna, who recently told CNBC's Jim Cramer that within "3-4 years, we should all be 'rather paranoid'" about the quantum threat.
The second was the publication of an article by Duke University's Lee Reiners. The publication argued that financial regulators should begin preparing contingency plans for digital assets that are vulnerable to quantum breakthroughs.
Merging with traditional financeAccording to Stark, the timing is particularly concerning because crypto infrastructure is becoming increasingly embedded within mainstream finance.
"The quantum-vulnerable blockchain infrastructure is being integrated deeper into the traditional financial system every month: spot ETFs, bank custody, stablecoin legislation," he wrote.
card
This makes the issue more dire than it would have been several years ago. "The trend line is hard to dismiss," Stark stated.
Not another Y2K scareStark rejected comparisons between today's quantum concerns and the infamous Y2K computer bug. "Make no mistake about it -- this is no Y2K bug-like situation," he wrote.
Stark argued that this outcome resulted from years of aggressive regulatory oversight (not luck).
"All went fine (thankfully) but only because the SEC spent all of 1998 and 1999 fiercely enforcing Y2K Bug disclosure from, and Y2K Bug remediation by, all SEC-registered entities, especially brokerage firms, clearing firms and national exchanges."
Meanwhile, he has taken issue with the SEC's current lack of engagement on quantum computing risks. "Sadly, don't expect the cavalry to ride in from the SEC," he wrote.
The former regulator criticized SEC Chairman Atkins, who "spent years before his appointment on the other side of the table." This is a reference to his work at the Token Alliance and consulting relationships with crypto firms.
"He is no watchdog. He is the industry's own man, installed in the regulator's chair," he said.
Ongoing quantum debate The quantum threat has become one of the main sources of bearishness within the crypto community. Last week, as reported by U.Today, D-Wave CEO Alan Baratz argued that sufficiently advanced quantum computers will eventually outperform hardware used in Bitcoin mining.
That said, the crypto industry is not asleep at the wheel. On July 21, Galaxy Digital launched its Bitcoin Quantum Readiness Initiative. On July 27, Blockstream revealed that quantum security has become the first major research focus of the Bitcoin Research Consortium.
At the same time, JAN3 CEO and longtime Bitcoin advocate Samson Mow recently cautioned developers against rushing into post-quantum signature schemes. Immature cryptographic systems could actually expose Bitcoin to more risks from AI-assisted attacks.
In brief BTCPay Server said attackers are exploiting a critical vulnerability. Users should update immediately or shut down their servers. The project has not said whether AI was involved. BTCPay Server warned users Friday that attackers are exploiting a critical vulnerability that could lead to stolen funds.
In a post on X on Friday, the Bitcoin payment processor urged administrators to install version 2.4.2 and confirm the update in the server footer.
“If you are unable to update right away, turn off your BTCPay Server to prevent unauthorized access until you can update,” the company wrote.
BTCPay Server also told users to replace credentials known as macaroons and recreate the macaroons.db file and refresh authentication strings for other Lightning Network backends.
“If you generated a hot on-chain wallet in BTCPay, you want to move those funds and recreate the wallet,” they added.
The project credited Bitcoin Red Team members with reporting the vulnerability.
BTCPay Server has not disclosed how the flaw works, when the attacks began, how many servers were compromised, or whether any funds were actually stolen.
While BTCPay Server did not disclose whether AI played a part, the news comes as AI is increasingly finding flaws in crypto projects.
In May, security researcher Taylor Hornby used Anthropic’s Claude Opus 4.8 to find a four-year-old Zcash vulnerability that could have allowed attackers to create unlimited counterfeit ZEC.
In August, Coldcard maker Coinkite said it suspected attackers used AI to find a firmware flaw linked to more than $100 million in stolen Bitcoin.
More recently, on Tuesday, Bitcoin swap provider Boltz suspended its service after several exploits, saying AI-assisted attacks were finding vulnerabilities faster than its team could fix them.
BTCPay Server did not immediately respond to a request for comment by Decrypt.
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Bitcoin has broken out of a bullish continuation pattern, signaling renewed buying momentum and a stronger outlook for further gains. As momentum builds, data indicate increased accumulation by large holders, commonly referred to as ‘whales,’ while retail participation tapers off—an emerging trend that many in the industry view as a sign of growing institutional confidence in the cryptocurrency’s long-term prospects.
Bitcoin trades near $65,000 as buying pressure risesAt the time of writing, Bitcoin is trading at $64,967.44 with a 24-hour trading volume of $18.95 billion. The cryptocurrency’s market capitalization has reached $1.3 trillion as buyers regain the momentum that had previously slowed during recent periods of consolidation.
Technical analysis from JAVON MARKS, a crypto analyst known for his coverage of digital asset price trends, points to confirmation of a breakout above a bullish pennant—an indicator that frequently appears during established uptrends before new and rapid moves higher. In Bitcoin’s case, this pattern serves as an indication that the market structure may be preparing for a fresh advance.
JAVON MARKS described the price action as confirmation of renewed strength, following several weeks of sideways movement, with the new upward breakout reinforcing optimism around Bitcoin’s ongoing bullish trend.
Historically, successful breakouts above such chart patterns can lead to tests of higher price levels. Analysts are now watching closely for Bitcoin to hold above its breakout level, which could open a path toward retesting previously set highs and potentially targeting the $125,000 area if the rally persists.
Whale and shark accumulation supports bullish scenarioData from Santiment Intelligence highlights notable accumulation activity by both whales and sharks—wallets holding significant amounts of Bitcoin—in the recent $63,000 to $65,000 range. This pattern of strategic buying comes despite a backdrop of shaken retail sentiment and declining participation among smaller holders.
Analysis revealed that micro holders have experienced their steepest decline in Bitcoin balances since December 2024. Observers have linked this trend partly to persistent security threats involving Coldcard wallets, uncertainty linked to the pending U.S. CLARITY Act, and a lack of dramatic price movement in recent weeks. As a result, large players now account for a greater share of accumulation, increasing the probability that Bitcoin could challenge the $70,000 resistance.
Santiment, a blockchain analytics platform tracking large-scale digital asset flows, suggested that accumulation events like these tend to precede upward moves in the crypto markets. Continued strength in buying pressure, particularly from whales, is being watched as a key factor supporting a bullish scenario for Bitcoin.
Mini dictionary: Santiment Intelligence, a blockchain analytics firm, provides on-chain data and metrics that help investors monitor market activity, track wallet movements, and analyze behavior across major cryptocurrencies.
Maintaining momentum above the breakout zone will be crucial. If Bitcoin manages to remain above this support and accumulation activity continues at similar levels, analysts believe the market could see another push toward the $125,000 technical target.
Technical analysts maintain that holding above the recent breakout level is essential for confirmation of a new bullish cycle and ongoing attempts to clear $70,000.
MetricCurrent ValueResistance/TargetBitcoin price$64,967.44$70,000 / $125,00024-hour volume$18.95 billion–Market capitalization$1.3 trillion–As accumulation by large wallets increases and retail investors remain on the sidelines, market participants are closely monitoring Bitcoin’s next key levels. The coming sessions will determine whether buying pressure can push the price through the $70,000 resistance and potentially set the stage for a larger advance toward $125,000.
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.
Retail investors are exiting Bitcoin at their fastest pace since December as whales keep accumulating near current prices.
Bitcoin whales and sharks are continuing to increase their holdings as the cryptocurrency trades in the $63,000 to $65,000 range, according to the latest data from Santiment.
The accumulation trend has strengthened since its previous report earlier this week, which highlighted a surge in network activity driven by the impact of the Coldcard hardware wallet security incident.
Retail Dumps Holdings At the time, Santiment reported that active Bitcoin addresses had climbed to a three-month high of 712,000 over the previous seven days, while transactions worth more than $100,000 reached a five-month high of 61,800. The firm said affected users rushed to move their funds and reorganize their wallets after the security breach, which ended up triggering a sharp increase in on-chain activity.
In its latest update, Santiment flagged a notable shift. While large holders have continued adding BTC to their wallets, micro holders are reducing their exposure at the fastest pace since December 2024. The Coldcard hack remains a major factor, as both the accumulation by whales and the selling by smaller investors began around the same period.
The uncertainty surrounding the CLARITY Act also contributed to the trend. Bitcoin’s ongoing period of sideways price action has discouraged retail participants, adding to the selling pressure from smaller wallets. It is this divergence between large and small holders that is becoming more pronounced, Santiment explained.
With key stakeholders steadily accumulating while retail investors continue to exit, the analytics platform said the odds of BTC climbing above $70,000 are increasing. This, in turn, makes that outcome more likely than a drop below the $60,000 level.
The Coldcard fallout was also evident in data from CoinMetrics, which recorded a temporary increase in BTC held on exchanges.
You may also like: Bitcoin Barely Budges as Weak US Jobs Data Cuts Fed Hike Odds to 44% Bitcoin Miners Are Selling Again: Here’s How Much BTC Was Reportedly Offloaded Arthur Hayes: AI Bubble Burst Could Trigger Bitcoin Rally ETFs Stay in Positive Territory On the institutional side, US-based spot Bitcoin ETFs have recorded four straight days of inflows. On 6th August, these funds attracted nearly $129 million. BlackRock’s IBIT led the numbers with $123 million in inflows, followed by Fidelity’s ETF with $11.2 million. Outflows came from VanEck’s HODL, which shed $32.7 million, and Valkyrie’s BRRR, which lost $9.07 million on the day. The remaining funds either posted smaller additions or ended the session unchanged.
The latest stretch of gains has pushed the monthly figures to almost $755 million.
Larry Fink, the CEO of a company managing more money than the GDP of every country except the US and China, thinks Bitcoin has a path to $700,000 per coin. It’s the top end of a range he laid out at the World Economic Forum in Davos back in January 2025, and it’s a number that continues to ripple through financial circles well into 2026.
The logic is straightforward, even if the implications are staggering. If institutional investors and sovereign wealth funds were to allocate just 2% to 5% of their portfolios to Bitcoin, the resulting demand would be enough to push prices to between $500,000 and $700,000. For context, Bitcoin was trading above $100K when Fink made the remarks, with an all-time high that had already eclipsed $108,000.
The math behind the moonshot Fink was careful to note he wasn’t recommending these allocations. He was running a thought experiment, but one grounded in the kind of institutional math that matters. Sovereign wealth funds collectively manage trillions of dollars. Even a modest percentage shift toward Bitcoin would represent an enormous wave of capital entering a market with a fixed supply of 21 million coins.
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Fink has consistently framed Bitcoin as a digital analogue to gold. It’s an asset for people who are worried about the purchasing power of their local currency being quietly eroded by inflation and monetary policy. In his telling, Bitcoin isn’t a speculative plaything. It’s an international store of value for an era when faith in fiat is wobbling.
BlackRock is putting its money where Fink’s mouth is BlackRock’s iShares Bitcoin Trust, known by its ticker IBIT, launched in early 2024 as part of the first wave of spot Bitcoin ETFs approved by the SEC. It quickly became the largest Bitcoin ETF by assets under management. By December 31, 2025, IBIT held approximately 771,000 BTC. That’s a position worth well north of $70 billion at prices above $100K, representing a meaningful chunk of Bitcoin’s total circulating supply.
What the $700K scenario actually requires Reaching $700K is not a foregone conclusion. Fink himself presented it as a conditional projection, not a forecast. The condition: that the world’s largest pools of capital, sovereign wealth funds, pension systems, and major institutional allocators, collectively decide that Bitcoin deserves a permanent seat at the portfolio table.
That hasn’t fully happened yet. While IBIT’s growth and a handful of public pension fund allocations suggest the trend is moving in that direction, the vast majority of sovereign wealth funds have not disclosed meaningful Bitcoin exposure. Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund at roughly $1.7 trillion, holds indirect Bitcoin exposure through equity stakes in companies like MicroStrategy but has not made direct allocations.
The barriers are real. Regulatory uncertainty in key jurisdictions, custody concerns, and the lingering volatility of crypto markets all give institutional risk committees pause. Bitcoin’s price swings, while moderating compared to its early years, still dwarf those of traditional safe-haven assets like gold or US Treasuries.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Clarity Act may be delayed — for now — but pro-crypto senators remain committed to the fight.
And not just Republicans: Democratic Senator Angela Alsobrooks accompanied conservative “Bitcoin Senator” Cynthia Lummis in assuring voters that work was being done on the bill.
Lawmakers were hoping a crucial vote on the long-awaited crypto market structure bill was to go ahead before a five-week recess but news dropped Friday that it was too little, too late. Now, the Senate will vote on the bill in September.
JUST IN: 🇺🇸 Senator Lummis releases statement now Clarity Act vote is delayed:
"There will be a time where I can say more, but for now, let me say this, we've come too far to quit"👀
"I will continue working with my colleagues to get this done — this fight is far from over" ✊ pic.twitter.com/ZLzc3pImrw
— Bitcoin Magazine (@BitcoinMagazine) August 7, 2026 “We’ve worked for over a year on a bipartisan basis to protect consumers, limit deposit flight, fight illicit finance, and include a fair deal on ethics,” Alsobrooks said in a statement.
Lummis, who had previously blasted Democrats for holding back the bill, added: “There will be a time where I can say more, but for now, let me say this, we’ve come too far to quit. I will continue working with my colleagues to get this done — this fight is far from over.”
Passed last year in the House of Representatives, the Clarity Act started small but its text has grown over the months.
This is partly because of banking lobby chiefs locking horns with crypto exchanges over concerns they pay customers too much yield with their stablecoin products. But Democrats also have wanted more work on the ethics side of the bill.
A bill banning government officials from promoting and making money was circulating among lawmakers in July though some lawmakers said it still fell short.
JUST IN: 🇺🇸 Senator Angela Alsobrooks on the Clarity Act vote getting delayed:
"We’ve worked for over a year on a bipartisan basis…We will continue our work — getting the Clarity Act right remains our goal." 👏 pic.twitter.com/3Hsn0282FU
— Bitcoin Magazine (@BitcoinMagazine) August 7, 2026 Lummis last week said she was genuinely “struggling to understand” what else Democrats wanted for the bill. Some suggested they may have been playing politics ahead of the midterms.
A number of Democrats have criticized the way the Trump family has profited from digital asset ventures, such as the President’s memecoin, $TRUMP, and World Liberty Financial project.
Trump and the White House have always denied any conflicts of interest, and the President has also highlighted that Democrats have cashed in trading stocks.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
