Track market-moving stories before they get noisy

Shopify Stock Soars 17% as Jim Cramer Slams AI Fears

DeepSeek, Tencent and others receive strategic placement from Unitree Robotics.

Unitree Technology has disclosed its strategic placement list. Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. (DeepSeek) and Shanghai Qishan Investment Co., Ltd., a Tencent subsidiary, were selected as "large enterprises or their affiliates that have strategic cooperation relationships or long-term cooperation prospects with the issuer's business". The batch of strategic placement investors also includes China National Petroleum Corporation Kunlun Capital Co., Ltd., China Southern Power Grid Industrial and Financial Holding Group Co., Ltd., and other companies.

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More than 4 billion shares of SpaceX may enter circulation within the year, posing potential selling pressure on its stock price in the short term.

SpaceX faces lock-up expirations for up to 911.5 million shares today, equivalent to over 140% of its current public float, which could heighten short-term stock price volatility. Following the company’s prior earnings release, its stock dropped 12% despite revenue exceeding forecasts and its AI business unexpectedly posting a profit. Additional share unlocks are scheduled for August 12 and 20 days later. By the end of this year, more than 4 billion shares are projected to become tradable, potentially exerting sustained selling pressure on the stock, though market focus remains on the company’s long-term fundamentals.

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Serenity: Unitree Robotics' IPO May Boost Robotics Sector Valuation, Supply Chain Firms Like Leader Harmonic Drive to Benefit

Serenity noted in a report that Unitree Robotics’ implied market cap in the derivatives market stands at roughly $29.3 billion. Citing the performance of pre-IPO perpetual contracts for Cerebras and SpaceX, Serenity added that their related prices were relatively close to the respective listing opening prices. Based on Unitree’s projected IPO target valuation of $5.7 billion to $6.2 billion this month, the current derivatives implied valuation is about 370% to 414% higher, equivalent to 4.7 to 5.1 times the target. If Unitree can maintain this valuation post-listing, it could drive growth in the robotics sector. It cited robotics supply chain firms including Leaderdrive (Green Harmonic), Harmonic Drive, and Ouster, noting that industry leaders typically boost valuations of other peers in the same sector after listing, while stressing this does not constitute investment advice. Unitree is expected to proceed with its listing later this month, with the subscription period likely on August 10, and final issuance results to be announced on August 14. Agility Robotics may advance its related plans in the fourth quarter.

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Walsh adheres to prudent market guidance, and will consider a September interest rate hike if inflation remains strong.

According to a report by the Financial Times, even after his decision to withhold too many details about interest rate strategy triggered a sharp sell-off in U.S. Treasuries, Federal Reserve Chair Walsh has stuck to his usual concise communication style. People close to Walsh say he has acknowledged making some mistakes in his first 10 weeks leading the world’s most important central bank, including failing to reinforce his core message on price stability and sowing confusion over whether his long-term plans to overhaul the Fed would impact near-term policy decisions. However, they insist these mistakes are not enough to derail Walsh’s reform agenda for the Federal Reserve. Insiders also revealed that if inflation data released in the coming weeks comes in strong and market expectations for higher borrowing costs rise accordingly, Walsh is prepared to raise interest rates at the September policy meeting. Insiders added that while the Fed chair has raised the possibility of shrinking the central bank’s $6.7 trillion balance sheet to tighten monetary policy, interest rates remain the primary tool for now, and will be used at upcoming meetings if needed.

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Trader gains $956K on $CASHCAT after $791K investment, another spent $519 ETH for 9.96M $CASHCAT

The trader who previously spent $791K to buy 13.14M $CASHCAT($1.75M now) is now up $956K. Another trader also spent $519 $ETH($985K) to buy 9.96M $CASHCAT 12 hours ago.

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Pre-market US stocks in the storage, optical communications, and semiconductor sectors are all down, with Western Digital falling over 16% and SanDisk dropping more than 11%.

According to market data from BIT (bit.com), U.S. stocks were in pre-market trading on Thursday, with storage stocks, optical communications, and semiconductor stocks all declining. The storage sector led losses: Western Digital (WDC) fell 16.06%, SanDisk (SNDK) dropped 11.09%, SK Hynix (SKHY) decreased 7.01%, Micron Technology fell 5.79%, and Seagate Technology (STX) declined 5.57%. Most semiconductor stocks trended lower: Marvell Technology (MRVL) fell 2.14%, Intel (INTC) dropped 1.89%, and Arm (ARM) decreased 1.85%. All optical communication concept stocks saw declines: Applied Optoelectronics (AAOI) fell 1.66%, Credo (CRDO) dropped 1.45%, and Astera Labs (ALAB) decreased 1.37%.

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TLDR Strategy-linked wallets moved 1,030 BTC worth $66.14 million between wallets A new wallet opened a $102.6 million leveraged short position on Bitcoin using Hyperliquid The Binance Whale Inflow Ratio climbed to 0.52, its highest level in four months Bitcoin is trading near $64,137 while defending support at $62,162 Traders are watching liquidation zones near $65,000 and $63,800 for the next price move Bitcoin traders are watching two events closely this week. Strategy moved more Bitcoin between wallets, and a new wallet opened a large short position on the price.

Both moves came as the wider market stayed uncertain about where Bitcoin heads next.

Strategy-linked wallets sent 1,030 Bitcoin worth about $66.14 million to another wallet. The company has made similar transfers before without selling any coins.

Still, the timing raised questions. Some traders wondered if large holders were becoming more cautious.

Around the same time, a new wallet deposited 2.44 million USDC into Hyperliquid, a crypto trading platform. That wallet then opened a 40x leveraged short on Bitcoin worth roughly $102.6 million.

The short position carries a liquidation price of $64,888.97. That level sits close to where Bitcoin is trading now, so small price swings could trigger a big change for that trade.

A mysterious trader is making a massive 40x short on $BTC!

A newly created wallet, 0xff84, deposited 2.44M $USDC into Hyperliquid and opened a 40x short on 1,600 $BTC($102.6M).

Liquidation price: $64,888.97.

Does he know something, or is this just a huge bet?… pic.twitter.com/78aY96F6xE

— Lookonchain (@lookonchain) August 5, 2026

Whale Activity Rises on Binance Large Bitcoin holders, often called whales, have increased their activity on Binance. The Binance Whale Inflow Ratio climbed to 0.52, the highest reading in four months.

This means whales made up a bigger share of coins flowing into the exchange compared with smaller traders. In the past, similar spikes have shown up both near market tops and during sharp price drops.

Because of this, the signal alone does not point to a clear direction. It depends on how price behaves in the days ahead.

Despite the rise in whale activity, overall exchange flows stayed fairly steady. The daily Spot Netflow was positive at $21.10 million, showing more Bitcoin moving onto exchanges than leaving them.

Bitcoin Price Holds Key Support Bitcoin has traded near $64,137 this week. The coin continues to hold support at $62,162, which has kept the price from falling further.

Instead of a strong rebound, Bitcoin has moved sideways in a narrow range. The price has stayed below resistance at $66,835.

The Relative Strength Index, a tool traders use to gauge buying and selling pressure, rose back to 50.98. That level sits close to neutral, showing balanced momentum rather than a clear trend.

For buyers to gain more confidence, Bitcoin would likely need to close above $66,835. Without that, the price may keep bouncing between support and resistance.

Data from CoinGlass shows two zones where leveraged trades could be forced to close. One cluster sits near $65,000, and another is near $63,800.

If Bitcoin rises above $65,000, short sellers could be forced to buy back coins to close their positions. That kind of move can push the price higher fast.

If Bitcoin falls instead, it could reach the lower cluster near $63,800 and pressure traders who bet on higher prices. Both outcomes remain possible.

As of the latest data, Bitcoin remains stuck between these two pressure points. Traders are watching closely to see which side gives way first.

Strategy’s Ultimate GoalStrategy’s official X handle posted a video of Michael Saylor from last week’s second-quarter earnings call, where he presented their flywheel capital strategy to become the world’s biggest company by market capitalization.

Saylor said the first step in this goal is to own the “most capital” in the form of Bitcoin, then aim for a 30% annual return on reserves in BTC.

And by issuing the “strongest credit,” Saylor said, the company could create the “best equity,” i.e, its common stock, MSTR.

Upside NeededAs of this writing, Strategy has a market capitalization of roughly $36 billion.

To dethrone Nvidia, Strategy would need an upside of roughly $5.26 trillion, or on the order of 140x-145x from today’s level, but this is based on NVDA’s current valuation, which would likely be much higher by the time MSTR reaches this level.

These numbers are purely mathematical. Actual outcomes will depend heavily on Bitcoin’s performance, the successful execution of the company’s credit-issuance strategy and market perception of MSTR.

Strategy Changes ApproachNotably, Saylor said during the call that the company believes its next trillion-dollar opportunity isn’t owning more Bitcoin—it’s building a business on top of it.

This signals a shift in Strategy’s long-term approach. Instead of solely accumulating Bitcoin, Saylor highlighted how the company’s Bitcoin holdings can underpin a new credit business.

Strategy reported quarterly revenue of $122.39 million last week, which just missed the consensus estimate of $122.91 million.

The firm holds over 842,138 Bitcoin, worth $58.51 billion, making it the largest institutional holder in the world.

Price Action: At the time of writing, BTC was exchanging hands at $64,815.20, up 1.12% over the last 24 hours, according to data from Benzinga Pro.

Strategy shares were up 0.03% in pre-market trading after closing 0.74% higher at $98.37 during Wednesday’s regular trading session.

Benzinga’s Edge Stock Rankings indicate that MSTR has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.

Photo courtesy: Shutterstock

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Strategy’s version, according to Michael Saylor, is not that story.

The executive chairman of Strategy, formerly known as MicroStrategy, has publicly stated that even a collapse in Bitcoin’s price to $5,000 would leave the company’s collateralization position intact. The reason, he argues, is straightforward: most of that capital was never borrowed in the first place.

Why overcollateralization matters here Strategy has issued Bitcoin-backed preferred securities with reported overcollateralization rates as high as 6x. In plain terms, for every dollar of obligation attached to those instruments, there are roughly six dollars of Bitcoin sitting behind it.

At a $5,000 price level, which would represent a drawdown of more than 90% from recent highs, most leveraged Bitcoin players would have been wiped out long before reaching that floor.

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Strategy has structured its exposure primarily through equity and preferred stock raises, not through debt that carries margin-call mechanics.

The numbers behind the conviction Strategy currently holds approximately 842,138 BTC, making it the largest corporate holder of Bitcoin on the planet. The average cost basis sits near $75,000 per BTC, which means the total outlay exceeds $64 billion.

Early 2026 was not kind to that position. Bitcoin price declines generated paper losses estimated between $8 billion and $12 billion during the first quarter.

Paper losses on an equity-funded position are uncomfortable, but they’re not the same thing as a margin call. No one is forcing an asset sale because the price moved against you.

The firm updated its capital framework in mid-2026, introducing a provision that allows limited Bitcoin sales to cover dividends and liquidity needs. The framing from Strategy was careful: the company still describes itself as a net buyer over time.

That rebranding, from MicroStrategy to Strategy, accompanied these updates. The company is, in its own telling, a Bitcoin treasury company with a capital strategy built specifically around long-term accumulation and yield generation from Bitcoin-backed securities.

What this means for investors watching Strategy Paper losses in the $8 billion to $12 billion range are real costs to shareholders, even if they don’t trigger forced selling. The average cost basis of roughly $75,000 per BTC means the position was underwater at various points in early 2026.

The preferred securities Strategy has issued carry yield obligations. The 6x overcollateralization ratio provides a deep buffer, but the company still needs to generate enough capital to service those instruments over time. That’s where the new permission to sell limited Bitcoin holdings comes in.

The $5,000 floor claim is worth taking seriously as a stress test reference rather than a price prediction. If Strategy’s collateral remains solid at that level, it removes a major tail risk that has historically hung over the stock: the fear that a severe Bitcoin drawdown could force distressed asset sales. Saylor is essentially arguing that Strategy has been deliberately de-risked against that scenario through its capital structure, and the overcollateralization numbers, at least as reported, support that reading.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Aug 6, 2026, 10:43 a.m.

5 min read

(CoinDesk Data)Summary

Bitcoin is outperforming the broader crypto market as traders rotate toward large-cap tokens like bitcoin and ether while altcoins see falling open interest and weak momentum.Derivatives data show a cautiously bullish tilt for bitcoin, with rising futures open interest, steady implied volatility and growing upside options bets, while XRP and SOL face leverage-driven pressure.NEAR’s new stake-to-compute model ties its token to AI computing power, but analysts say its success hinges on sustained real demand and usage once early incentives and subsidies fade.Bitcoin BTC$64,577.89 has added around 0.9% in the past 24 hours to $64,700, while the broader CoinDesk 20 (CD20) is up just 0.16%. Strength in equity markets, which have climbed to record highs, appears to leave the crypto sector unperturbed.

Crypto appears to be moving to the perceived safety of the biggest tokens, with bitcoin and ether ETH$1,906.44 the only CD20 members in positive territory. Zaheer Ebtikar, the chief strategy officer at crypto neobank Plasma, told CoinDesk altcoins are struggling “without aggressive support from bitcoin momentum.”

Altcoin open interest has fallen about 15% over the past month while bitcoin has gained roughly 8%, Ebtikar said. CoinMarketCap’s Altcoin Season index fell one point from Wednesday to 42/100.

“Because Bitcoin has moved into capital markets plumbing with ETFs, basis trading, institutional hedging, and collateral, that flow doesn't need a rally to justify itself. However, most of the altcoin market hasn't made that transition yet,” Ebtikar said.

The divergence, according to Ebtikar, results from projects failing to clearly define how value accrues, making them unable to justify investors’ exposure to their tokens during market declines.

Adding to that, tech stocks are seeing weakness. Nasdaq 100 index fell while the S&P 500 and Dow Jones Industrial Average rose. That’s after Elon Musk’s SpaceX (SPCX) reported its first results since going public in June.

The IPO unveiled a massive surge in AI-linked capital spending that investors punished, bringing shares down 13% before the closing bell. The AI trade has been widely blamed for capital rotating out of the crypto sector. Its reversal could help renew enthusiasm.

Derivatives PositioningStarting with the good news: The long-short taker volume ratio for the crypto futures market flipped bullish for the first time in at least a week, with longs accounting for nearly 52%. Takers are traders who suck liquidity out of the order book by transacting at available prices.BTC open interest ticks up, but sustainability remains the question: BTC's futures open interest (OI) increased to 770K BTC. We've been here before several times since early June, but each time the spike was brief, with OI falling back to 740K BTC or lower the following day. What's needed is a sustained rise to show that confidence is being restored and investors are once again willing to on leverage. Other key metrics, such as annualized perp funding rates and 24-hour OI-adjusted cumulative volume delta (CVD), are positive for BTC, supporting a bullish outlook.XRP's rising OI alongside falling price: XRP's OI has increased by 5% over the past 24 hours to 2.23 billion tokens while the token's price has dropped to $1.04, the lowest since early July. The combination of a falling price and rising OI is said to confirm, or validate, market weakness. This logic seems reasonable given that XRP's perp funding rates are negative, and its OI-adjusted CVD is among the most negative of the majors, second only to XLM. Some traders, it seems, are preparing for a deeper spot price slide.ETH stays lackluster, SOL leverage unwinds: Ether's OI tally remains lackluster, staying below the 14 million ETH mark and showing neither improvement nor position downsizing. That’s in contrast to SOL futures, where OI fell for another day to 60.81 million tokens, having peaked above 76.5 million tokens on June 24.Stock-tied perps rank among the most traded contracts: Some of the most traded perpetual futures contracts of the past 24 hours are those tied to stocks, such as SNK, SPCX and SKYHYNIX. These rank up there with crypto market leaders BTC and ETH, indicating persistent demand for trading legacy assets with a crypto flavor.Majors show mixed sentiment on 24-hour CVD: Major cryptocurrencies are displaying mixed sentiment, with BTC and ETH leading the pack on positive 24-hour CVD, while SUI, XLM, DOGE, AVAX and XRP sit on the other side. Positive CVD indicates that bulls are being more aggressive, trading at market orders rather than passive limit orders; negative CVD suggests the opposite.Implied volatility holds steady for BTC and ETH: Bitcoin implied volatility is unchanged from Wednesday, with the BVIV index continuing to hover near 36%, a level from which it has historically risen toward its mean. The same holds true for the ether index, EVIV.Options flow shows growing activity in upside bets: In Deribit options, bitcoin’s 24-hour volume ranking shows increased interest in calls, or bullish bets, at strikes well above the current spot price, such as the $96,000 and $80,000 calls. For ether, the $2,000 call is the most traded of the past 24 hours.Token TalkNEAR traded at $1.68 on Thursday, down 1.8% over 24 hours after slipping from an intraday high of $1.73. The token carries a $2.19 billion market cap, and its price hasn't tracked the ecosystem's AI-compute push higher.NEAR's move into AI-compute staking has a demand question looming. The network recently started a staking product that lets holders lock up NEAR to provision the computing power AI applications run on, tying the token's use to compute power rather than governance or speculation. The model only works if the demand behind it is real, said Leo Fan, CEO of Cysic.Credits aren't the same as usage. Stake-to-compute setups can give a token a clearer economic purpose, Fan said, but early activity is often driven by incentives, with developers showing up for rewards rather than because they need the compute. The test is whether that usage survives once the incentives normalize.Watch three things, Fan said. Utilization, meaning how much of the staked compute is actually being used, workload volume and whether developers keep paying after the subsidies taper. Sustained demand from AI builders will prove the model out. A drop-off when rewards fade would mark it as temporary.The read applies beyond NEAR. Tying a token to compute is one of the cleaner attempts to move crypto past governance-and-speculation utility, but it lives or dies on whether the compute gets used. NEAR is the test case others in the AI-crypto space will be watching.Related Assets

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The Evolution of the Crypto CEX Landscape: A Case Study on Binance

The Evolution of the Crypto CEX Landscape: A Case Study on Binance

Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.

Jun 29, 2026

Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.

Why it matters:

Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.

PowerCompute has refinanced and consolidated $18 million of existing debt into a Bitcoin-backed credit facility using 307 BTC as collateral, lowering its borrowing cost while keeping its Bitcoin treasury intact.

Summary

PowerCompute has refinanced $18 million of debt through a Bitcoin backed credit facility using 307 BTC as collateral. The new loan replaces three existing facilities and lowers the initial interest rate to about 2% APR. The company said the refinancing lets it reduce borrowing costs without selling its Bitcoin holdings. The facility renews every 30 days with pricing reset according to market conditions. The refinancing comes as more companies use Bitcoin backed lending to unlock capital while retaining treasury exposure. According to a press release issued by PowerCompute on Wednesday, the Nasdaq-listed Bitcoin treasury and mining company completed the refinancing through a new facility from Arch Lending after first signing an agreement on July 27 and using a short-term bridge loan to combine its three outstanding loans before moving into the final structure on Aug. 3.

The transaction replaces an $11 million loan from Galaxy Digital, a $5 million loan from SE and AJ Liebel that financed the purchase of the company’s 15-megawatt Oklahoma mining site, and another $2 million loan from SE and AJ Liebel used to acquire its 11-megawatt Mississippi facility.

PowerCompute pledged 307 BTC from its treasury as collateral for the new loan. Rather than selling those holdings to reduce debt, the company is using them to secure financing while remaining exposed to any future appreciation in Bitcoin’s price.

PowerCompute has reduced borrowing costs with Bitcoin-backed refinancing After first entering a bridge loan that temporarily consolidated its three debt facilities over a three-day period, PowerCompute said it signed a Bitcoin industry non-recourse collateral loan facility with Arch Lending on Aug. 3.

The revolving facility renews every 30 days unless either party provides notice that it will not continue. At each renewal, the interest rate, floor price and ceiling price are reset according to prevailing market conditions.

PowerCompute said the facility initially carries an interest rate of about 2% APR. The company compared that with the 12% interest charged on its previous Liebel loans, saying the refinancing substantially lowers its financing costs and strengthens its capital structure.

Bruce M. Rodgers, the company’s chairman, chief executive officer and president, said the refinancing reduces interest expenses while allowing PowerCompute to keep strategic exposure to its Bitcoin treasury as it continues expanding into high-performance computing and artificial intelligence infrastructure.

Arch Lending has structured the facility around Bitcoin collateral Arch Lending described the agreement as a Bitcoin-backed credit facility that incorporates a proprietary hedging structure intended to reduce liquidation risk while delivering lower financing costs.

Himanshu Sahay, co-founder and chief technology officer at Arch Lending, said the financing was designed around PowerCompute’s immediate funding needs while supporting its long-term Bitcoin treasury strategy. Instead of requiring the company to sell Bitcoin to repay debt, the structure allows it to refinance existing obligations while continuing to hold the asset.

PowerCompute nevertheless disclosed that the facility carries risks tied to Bitcoin’s market price. If the value of the collateral declines, the company may be required to post additional Bitcoin under the loan terms.

The company also noted in its forward-looking statements that the facility remains subject to ongoing compliance with its conditions alongside risks associated with cryptocurrency mining, expansion into HPC and AI infrastructure, equipment availability, financing conditions and changing regulations.

Bitcoin-backed corporate lending continues to gain traction PowerCompute’s refinancing adds to a growing number of companies using Bitcoin as collateral instead of selling treasury holdings to raise capital.

Earlier this year, Benchmark analyst Mark Palmer said Metaplanet’s acquisition of Japanese brokerage Siiibo Securities could eventually support Bitcoin-backed corporate bonds through its newly formed Metaplanet Securities business. The proposal remains under development, but the company has outlined plans to create Bitcoin-linked debt products that could later settle onchain while using its regulated securities platform in Japan.

Institutional lending activity has also accelerated over the past two years. In October 2025, Two Prime Lending said it issued $827 million in Bitcoin-backed loans during the third quarter, lifting its cumulative lending volume above $2.55 billion since launching in March 2024. At the time, the lender said corporate treasuries, Bitcoin miners and trading firms were increasingly borrowing against Bitcoin instead of liquidating their holdings.

Coinbase also disclosed last year that its Bitcoin-backed lending service, built on the Morpho protocol through Base, had surpassed $1 billion in originations within roughly ten months of launch, illustrating continued institutional demand for crypto-collateralized financing.

Unlike conventional bank lending, Bitcoin-backed loans rely on digital assets rather than credit history as collateral. Such facilities are commonly over-collateralized to account for Bitcoin’s price volatility while allowing borrowers to access liquidity without immediately disposing of their holdings.

PowerCompute continues expanding beyond Bitcoin mining Founded in 2008 and headquartered in Tampa, Florida, PowerCompute describes itself as a Bitcoin treasury, mining and specialty finance company that is expanding into HPC and AI infrastructure.

The company currently operates 26 megawatts of wholly owned power infrastructure across its Oklahoma and Mississippi facilities. Alongside its mining operations, it also runs a technology-enabled specialty finance business that provides funding to nonprofit community associations in Florida.

The refinancing follows a period during which PowerCompute has been repositioning its balance sheet while developing computing infrastructure beyond cryptocurrency mining. By replacing higher-cost debt with a Bitcoin-backed facility, the company said it expects to reduce financing expenses while continuing to hold Bitcoin on its balance sheet under the new lending arrangement.

Aug 6, 2026, 11:14 a.m.

2 min read

Sandisk (TradingView)Summary

Sandisk and Western Digital fell roughly 10% in pre-market trading as their forward outlooks failed to match elevated expectations.Sandisk and Western Digital have gained more than 3,000% and 550%, respectively, over the past 12 months, propelled by the AI boom and leaving assets such as crypto and precious metals in the rearview mirror.Now with AI momentum cooling, gold surging and bitcoin holding above $64,000, crypto may be preparing for a resurgence.Sandisk (SNDK) and Western Digital (WDC), two of the biggest beneficiaries of the AI storage boom, were both 10% lower in pre-market trading Thursday, despite reporting strong quarterly results.

Sandisk posted record fourth-quarter revenue of $8.97 billion and non-GAAP EPS of $39.25, comfortably beating expectations. Western Digital also delivered a double beat, reporting revenue of $3.75 billion, up 44% year over year, while its gross margin surged to 54.4%. Despite those results, both stocks are now trading roughly 50% below their all-time highs.

The problem was guidance. Sandisk’s first-quarter outlook came in below expectations, with projected revenue of $10.7 billion versus the $11.2 billion analysts had estimated. Its EPS guidance also fell short. Western Digital’s first-quarter outlook was solid, but after a 500% run, investors were looking for another blowout beat.

Sandisk and Western Digital have gained more than 3,000% and 550%, respectively, over the past 12 months, propelled by the AI boom and leaving assets such as crypto and precious metals in the rearview mirror.

In addition, Sandisk’s board of directors has also approved an additional $14 billion share buyback program, bringing the total authorization to $15.5 billion.

But with the AI trade beginning to stall, a rotation may be taking shape. Gold has risen more than 7% over the past few days, while bitcoin is holding above $64,000 and shrugging off the Coldcard exploit with little reaction.

Crypto traders may view these indicators as a signal of a change in momentum, given the prevalent narrative that investors have been rotating capital into AI with bitcoin one of the major casualties.

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The Evolution of the Crypto CEX Landscape: A Case Study on Binance

The Evolution of the Crypto CEX Landscape: A Case Study on Binance

Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.

Jun 29, 2026

Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.

Why it matters:

Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Bitcoin price approached $65,000 on Aug. 6 as easing concerns over the Strait of Hormuz and improving technical momentum supported its recovery from the low-$62,000 region.

Summary

Bitcoin price rallied nearly 4% from its Aug. 3 low before meeting resistance around $65,000. The 4-hour chart places the upper Bollinger Band at $65,221, reinforcing near-term resistance. Liquidation clusters sit near $65,000–$65,500, with downside liquidity concentrated around $63,000. A confirmed breakout could expose $67,365 and $68,000, while losing $63,700 would weaken the setup. Bitcoin price action today According to data from crypto.news, Bitcoin (BTC) traded around $64,615 at the time of writing after reaching an intraday high of $64,999. The move extended its recovery from approximately $62,300 on Aug. 3 to almost 4%.

The rebound followed reports of progress between Iran and Oman over a shipping route through the Strait of Hormuz. Iran’s Foreign Ministry said the two countries had reached an understanding on the route’s coordinates, although several details were still under discussion. The development has not guaranteed a permanent reopening of the waterway.

Brent crude remained below $80 as traders assessed whether the negotiations could reduce risks to global energy supplies. Lower oil prices can support crypto and other risk assets by easing inflation pressure, but any breakdown in talks could reverse that effect.

Bitcoin has still lagged the recent U.S. equity rally. The S&P 500 gained more than 3% during the opening days of August, while Bitcoin added about 2% over the same period. Bitcoin-specific concerns, including the COLDCARD wallet exploit and questions surrounding corporate treasury sales, have limited the recovery.

Bitcoin technical indicators favor further recovery The 4-hour chart shows Bitcoin trading above the Bollinger Band basis at $64,020. The upper band stands at $65,221, making the $65,000–$65,220 area the first major obstacle for buyers.

Bitcoin price 4-hour chart — Aug. 6 | Source: crypto.news The Awesome Oscillator has climbed to 1,071 and is printing expanding green bars. This suggests that bullish momentum is strengthening despite Bitcoin’s small rejection from the intraday high.

A 4-hour close above $65,220 could confirm a Bollinger Band breakout. Bitcoin would then face previous swing resistance around $66,000 before challenging the $67,000–$68,000 region.

However, a rejection could pull the price back toward the middle band at $64,020. The lower band near $62,819 represents a wider invalidation area for the short-term recovery.

The daily chart presents a more cautious picture. Bitcoin has reclaimed the 23.6% Fibonacci retracement at $63,715, calculated from the February low of $57,815 to the May high of $82,816.

Bitcoin price daily chart — Aug. 6 | Source: crypto.news Daily RSI has risen to 52.96 and remains above its signal average of 49.46. The reading supports mild bullish momentum without placing Bitcoin in overbought territory.

MACD remains less convincing. The MACD line sits at 25.31, below the 29.83 signal line, while the histogram is slightly negative at minus 4.51. The narrow gap suggests bearish momentum is fading, but a confirmed bullish crossover has not occurred.

Liquidation heatmap puts $65,500 in focus CoinGlass’ 3-day liquidation heatmap shows a dense concentration of leveraged positions immediately above Bitcoin’s current price. Liquidity is clustered between approximately $65,000 and $65,500, with additional pockets extending toward $66,000.

Bitcoin liquidation heatmap | Source: CoinGlass A move through this area could liquidate short positions and accelerate the breakout. This potential short squeeze may explain why traders are watching for a sweep above $65,000 before deciding whether the recovery can continue.

The heatmap also shows major downside liquidity around $63,700–$63,900 and $63,000–$63,200. These zones could attract price if buyers fail to hold $64,000.

The $63,715 Fibonacci level aligns closely with the first downside liquidation cluster. Its loss would expose $63,000, followed by the 4-hour lower Bollinger Band around $62,819.

Below that point, attention would return to the Aug. 3 recovery zone and the daily range floor near $60,000. A break beneath $60,000 would invalidate the current sequence of higher short-term lows.

Analysts identify $68,000 as the breakout target Analyst Ted Pillows identified $65,000 as Bitcoin’s immediate resistance and said reclaiming it could open the next leg higher.

“BTC is right at its $65,000 resistance zone. Reclaim this, and Bitcoin could rally towards $68,000 next.”

His chart places further resistance around $67,400 and $69,700, broadly aligning with the daily Fibonacci resistance at $67,365.

Trader Lennaert Snyder also pointed to $65,000 as the key test after a 4-hour close above $64,000 triggered the latest advance. However, he warned that price is high within its recent range and could first sweep liquidity above $65,000 or the prior weekly high near $65,400.

$BTC is testing the 65K high.

As mentioned earlier this week, we see how important the 64K level is.

One 4H close above that momentum line triggered a move to the upside.

My long entry at 63K was too defensive and Bitcoin pumped without me, part of the game.

As of now, the… pic.twitter.com/opL9I3ocol

— Lennaert Snyder (@LennaertSnyder) August 6, 2026 The combined charts leave Bitcoin at a decision point. Holding above $63,715 keeps the recovery intact, while a close above $65,220 would strengthen the case for $67,365 and $68,000. Failure to clear resistance would return focus to the liquidity pools near $63,700 and $63,000.

US market context remains a key catalyst For U.S. investors, Bitcoin’s next move may depend partly on Wall Street risk appetite and incoming Federal Reserve signals. U.S. equity futures were mixed on Aug. 6, with semiconductor weakness offsetting gains among several large technology companies.

Progress on the Hormuz negotiations could lower energy-related inflation risks and help risk assets. Renewed geopolitical tension, higher oil prices or hawkish Fed expectations would instead increase the probability of another Bitcoin rejection near $65,000.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

On-chain data analysis platform CryptoQuant has reported that investors known as “whales,” who hold large amounts of assets in Bitcoin (BTC), Ethereum (ETH), and XRP, have recently increased their holdings. According to the company, this trend indicates that the cryptocurrency market may be approaching the final stage of its long-running bear cycle.

According to an analysis shared by CryptoQuant, it has been noted that historically, a significant indicator is when large investors buy rather than sell during periods of continued price decline. Similar movements have been observed in past market cycles when long-term investors believed prices had reached attractive levels.

However, the analytics firm emphasized that the current data alone is not sufficient to confirm the market bottom. According to CryptoQuant, while whales buying is considered a positive signal, Bitcoin, Ethereum, and XRP prices may fall further before a bottom formation is finalized. Therefore, investors should be cautious about short-term fluctuations.

Experts note that the accumulation process of whales is often part of a long-term investment strategy. Large investors prefer to buy at low prices during periods when fear dominates the markets, while individual investors often act more cautiously due to uncertainty. This is a common characteristic observed many times in the final stages of market cycles in the past.

CryptoQuant noted that while there are signs that the bear market may be approaching its final phase, macroeconomic developments and global liquidity conditions will continue to be decisive factors in price movements. In particular, central bank monetary policies, regulatory developments, and the attitude of institutional investors towards the market are among the main factors influencing the direction of crypto assets.

*This is not investment advice.

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TLDR Bitcoin ETFs added $244.4 million on Wednesday, marking a third straight day of inflows The three day streak brought in $626 million total BlackRock’s Bitcoin ETF led the pack with $479 million over the three sessions Bitcoin briefly rose above $64,920 before settling near $64,744 Ether ETFs gained $60.9 million while XRP ETFs saw $3.58 million in outflows US listed spot Bitcoin exchange traded funds pulled in $244.4 million in net inflows on Wednesday. This marked the third straight day of gains for these funds.

The three day run added up to $626 million in total inflows. The figures come from data tracked by SoSoValue.

Spot Bitcoin ETFs have started August on a strong note. Investors have been steadily adding money back into these funds this week.

BlackRock Leads the Pack BlackRock’s iShares Bitcoin Trust brought in the most money during this stretch. The fund attracted $479 million over the three trading sessions.

That pushed the fund’s total net inflows to nearly $61 billion. This data comes from Farside Investors.

The fund has stayed at the top of the list among Bitcoin ETFs during this recent streak. No other fund came close to matching its inflow total.

Bitcoin Price and Market Mood Bitcoin briefly climbed above $64,920 on Wednesday. This happened as the inflows kept coming in.

The price later settled at $64,744.53. That was up 0.7% over the previous 24 hours, according to CoinGecko.

Despite the price gain, investor sentiment stayed cautious. The Crypto Fear and Greed Index remained in “Extreme Fear” territory.

The index scored 25 on Wednesday. That was down slightly from 27 the day before.

This index measures overall sentiment toward Bitcoin and other large cryptocurrencies. A lower score points to more fear in the market.

Ether ETFs also saw money coming in during this stretch. These funds added $60.9 million on Wednesday.

That marked the second straight day of inflows for Ether ETFs. Their two day total reached $114.6 million.

XRP ETFs told a different story this week. These funds recorded $3.58 million in net outflows on Wednesday.

That outflow reduced XRP ETF total net assets to $993.4 million. Cumulative net inflows for these funds still stood at $1.51 billion.

The mixed results show that not every crypto ETF moved in the same direction this week. Bitcoin and Ether funds gained ground while XRP funds lost some.

9h20 ▪ 5 min read ▪ by Luc Jose A.

Summarize this article with:

While volatility continues to dominate the crypto market, the largest investors follow a contrary path. According to the latest “Smart Money” report from CryptoQuant, the most influential wallets are massively accumulating bitcoin, Ethereum, and XRP, despite a climate marked by uncertainty. This buying strategy comes at a time when several valuation indicators return to levels historically associated with the ends of bear markets. Behind these movements lies a deep trend: an increasing concentration of assets in the hands of institutional investors.

In Brief Whales have accumulated nearly 190,000 additional BTC since December 2025, bringing their reserves to 3.06 million Bitcoin. Giant wallets (10,000 to 100,000 ETH) reach an all-time high of 19.6 million Ether. Big players accumulate the token without rushing the prices, maintaining dominant spot activity. According to CryptoQuant, this liquidity absorption during a downturn is the classic marker of savvy investors. The explosion of whale reserves on bitcoin and Ethereum While a whale just moved 1 billion in bitcoins, the analysis report reveals a massive transfer of liquidity towards very large-cap wallets. CryptoQuant data confirms that large holders systematically take advantage of prolonged downturn phases to increase their exposure, to the detriment of the market’s most vulnerable investors.

This discreet buying phenomenon has accelerated dramatically over recent months on the two main protocols of the ecosystem. The concentration of tokens in the hands of high-capital entities now reaches record levels, as evidenced by precise on-chain metrics :

Bitcoin (BTC) : whale reserves rose from 2.87 million BTC in December 2025 to about 3.06 million BTC, with a marked acceleration after falling below 60,000 dollars in June ; Ethereum (ETH) mid-tier : wallets holding between 10,000 and 100,000 ETH reached an all-time combined high of 19.6 million ETH ; Ethereum (ETH) giant wallets : addresses holding over 100,000 ETH absorbed nearly 1.8 million additional ETH since mid-2025. This frenzy of accumulation observed on the sector’s two giants profoundly changes the ownership structure of circulating tokens. By removing a considerable amount of assets from the liquid market during price downturns, major players mechanically reduce the immediately available supply. CryptoQuant sums up this strategy with an unequivocal theoretical conclusion: “increase in whale balances during price weakness is the clearest indicator of savvy investors”. Thus, this absorption capacity during price contraction episodes demonstrates experienced investors’ willingness to build major positions in anticipation of the next cycle.

The gap in realized prices and passive absorption on the XRP crypto Beyond the increase in wallet balances, the analysis of the realized price, the estimation of the average on-chain break-even price for all coins, provides essential insight into the fundamental value of assets. Current data show divergent configurations: bitcoin trades at 63,935 dollars against an estimated realized price of 52,900 dollars, while Ether trades in an undervaluation zone at 1,858 dollars compared to a realized price of about 2,450 dollars. XRP stands at around 1.10 dollars, trading within a range between 1 and 1.20 dollars, for an estimated realized price of about 0.75 dollars.

On the Ripple crypto market, the average size of spot orders remains firmly in the category of large whales defined by CryptoQuant. However, the metric of the cumulative taker volume delta over 90 days remains neutral. This fundamental technical detail reflects a dynamic of passive absorption of sell orders by big players, rather than aggressive impulse buys at market price. Such behavior confirms that savvy investors methodically accumulate liquidity sold by the impatient without prematurely pushing prices up.

Market floor and seller capitulation signals This accumulation phase aligns with other research works identifying end-of-bear-cycle indicators. The company 10x Research notes in this regard that bitcoin could validate confirmation of a bear market bottom by managing to close monthly above the key level of 63,000 dollars.

For its part, firm K33 indicated in a report published on July 7 that the main crypto historically reaches the lowest point of its cycle in the weeks following the moment when more than half of its circulating supply is held at a loss.

Nevertheless, a rigorous analysis requires tempering these promising prospects. Although this pattern of accumulation by whales has historically preceded market bottoms, CryptoQuant explicitly reminds that the market remains exposed to further downside risks in the short term. Final confirmation of a bottom will depend on the market’s ability to transform this passive absorption into a sustainable buying impulse.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

The cryptocurrency market is somewhat lethargic on Thursday, with Bitcoin (BTC) approaching $65,000, Ethereum (ETH) holding above $1,900 while Ripple (XRP) trades under pressure around $1.05. This mixed outlook comes ahead of a potential deal between Iran and Oman on the management of shipping through the Strait of Hormuz. Still, Iran has denied negotiations with the United States (US).

Iran and Oman eye Strait of Hormuz dealIran and Oman are reportedly nearing the finalization of a strategic framework for commercial shipping through the Strait of Hormuz. Despite progress, Iranian Deputy Foreign Minister Kazem Gharibabadi emphasized to Islamic Republic News Agency (IRNA) that any agreement would not necessarily guarantee the immediate reopening of the waterway.

A senior Gulf official assesses the probability of a deal being reached by Friday at 50%.

US Vice President JD Vance stated in a Fox News interview that negotiations with Iran are likely to be “messy”, citing significant challenges posed by Iran’s fractured political system and negotiating stance.

Moreover, Iran has continued to deny negotiations with the US despite President Donald Trump's optimism on Tuesday that a deal could be announced this week.

Despite Bitcoin and Ethereum sustaining a slightly short-term bullish outlook, crypto market sentiment is back in Extreme Fear territory at 25 on Thursday, down from 27 the day before. This broadly means that appetite for risk assets remains on the back foot as investors assess the direction the US and Iran are likely to take if negotiations fail.

Crypto Fear & Greed Index | Source: Alternative"Investors remain focused on several key variables, including the Federal Reserve's monetary policy outlook, global liquidity conditions, the performance of the US Dollar (USD), and developments in the international geopolitical landscape,” Simon-Peter Massabni, Business Development head at XS.com, said in a comment.

Bitcoin builds on reclaimed supportBitcoin holds a modest bullish bias as it trades above the short-term 50-day Exponential Moving Average (EMA) at $64,673 and above the reclaimed downtrend resistance trendline around $63,514, while still capped by the Parabolic SAR at $65,404.

Momentum is constructive, with the Relative Strength Index (RSI) hovering near 54 and the Moving Average Convergence Divergence (MACD) line turning slightly positive, which together hint that buyers are gradually regaining control even though the broader trend remains constrained by the 100-day and 200-day EMAs at $67,043 and $72,505, respectively.

BTC/USDT daily chartOn the downside, initial support emerges at the 50-day EMA near $64,673, followed by the former descending trendline barrier turned support around $63,514. On the topside, immediate resistance is defined by the Parabolic SAR at $65,404, with further hurdles at the 100-day EMA around $67,043.20 and then the 200-day EMA near $72,505, levels that would need to be decisively cleared to strengthen the bullish continuation narrative.

“Bitcoin continues to trade roughly 50% below its all-time high reached in October, highlighting that the market still requires new catalysts to establish a stronger bullish trend,” Massabni added.

Altcoins technical outlook: Ethereum rebounds as XRP weakensEthereum trades at $1,913, holding above the 50-day EMA at $1,856 and the broken rising trendline support near $1,859, which together underpin a mildly constructive near-term tone. Still, the pair remains capped beneath the 100-day EMA at $1,925 and the 200-day EMA at $2,134, keeping the broader recovery in check until these levels are reclaimed.

The RSI around 56 suggests moderate bullish momentum, while the MACD still prints a negative histogram, hinting that upside pressure is improving but not yet dominant.

ETH/USDT daily chartImmediate support lies at the $1,913 area as a short-term pivot, followed by the former trendline break level at $1,859 and then the 50-day EMA at $1,856, where buyers are likely to defend the broader uptrend structure. On the topside, initial resistance emerges at the 100-day EMA at $1,925. A sustained move above this barrier would open the way toward the more significant 200-day EMA at $2,134, beyond which the medium-term bullish case would be reinforced.

XRP, on the other hand, maintains a bearish near-term bias as the spot price holds beneath the 50-day EMA at about $1.11, the 100-day EMA near $1.20, and the 200-day EMA around $1.39, keeping the broader recovery capped. Bollinger Bands show price trading below the midline at roughly $1.09, while the RSI near 40 and a negative MACD reading hint at subdued momentum consistent with continued downside pressure.

XRP/USDT daily chartOn the topside, initial resistance emerges at the Bollinger Band midline around $1.09, with the 50-day EMA at $1.11 reinforcing a nearby supply zone before stronger caps align at the 100-day EMA near $1.20 and the 200-day EMA around $1.39. On the downside, the lower Bollinger Band at approximately $1.04 acts as immediate support. A clear break under this level would open the door to further weakness as sellers retain control below the stacked daily EMAs.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

DeepSeek, Tencent and others receive strategic placement from Unitree Robotics.

Unitree Technology has disclosed its strategic placement list. Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. (DeepSeek) and Shanghai Qishan Investment Co., Ltd., a Tencent subsidiary, were selected as "large enterprises or their affiliates that have strategic cooperation relationships or long-term cooperation prospects with the issuer's business". The batch of strategic placement investors also includes China National Petroleum Corporation Kunlun Capital Co., Ltd., China Southern Power Grid Industrial and Financial Holding Group Co., Ltd., and other companies.

1 seconds ago

More than 4 billion shares of SpaceX may enter circulation within the year, posing potential selling pressure on its stock price in the short term.

SpaceX faces lock-up expirations for up to 911.5 million shares today, equivalent to over 140% of its current public float, which could heighten short-term stock price volatility. Following the company’s prior earnings release, its stock dropped 12% despite revenue exceeding forecasts and its AI business unexpectedly posting a profit. Additional share unlocks are scheduled for August 12 and 20 days later. By the end of this year, more than 4 billion shares are projected to become tradable, potentially exerting sustained selling pressure on the stock, though market focus remains on the company’s long-term fundamentals.

1 seconds ago

Serenity: Unitree Robotics' IPO May Boost Robotics Sector Valuation, Supply Chain Firms Like Leader Harmonic Drive to Benefit

Serenity noted in a report that Unitree Robotics’ implied market cap in the derivatives market stands at roughly $29.3 billion. Citing the performance of pre-IPO perpetual contracts for Cerebras and SpaceX, Serenity added that their related prices were relatively close to the respective listing opening prices. Based on Unitree’s projected IPO target valuation of $5.7 billion to $6.2 billion this month, the current derivatives implied valuation is about 370% to 414% higher, equivalent to 4.7 to 5.1 times the target. If Unitree can maintain this valuation post-listing, it could drive growth in the robotics sector. It cited robotics supply chain firms including Leaderdrive (Green Harmonic), Harmonic Drive, and Ouster, noting that industry leaders typically boost valuations of other peers in the same sector after listing, while stressing this does not constitute investment advice. Unitree is expected to proceed with its listing later this month, with the subscription period likely on August 10, and final issuance results to be announced on August 14. Agility Robotics may advance its related plans in the fourth quarter.

1 seconds ago

Walsh adheres to prudent market guidance, and will consider a September interest rate hike if inflation remains strong.

According to a report by the Financial Times, even after his decision to withhold too many details about interest rate strategy triggered a sharp sell-off in U.S. Treasuries, Federal Reserve Chair Walsh has stuck to his usual concise communication style. People close to Walsh say he has acknowledged making some mistakes in his first 10 weeks leading the world’s most important central bank, including failing to reinforce his core message on price stability and sowing confusion over whether his long-term plans to overhaul the Fed would impact near-term policy decisions. However, they insist these mistakes are not enough to derail Walsh’s reform agenda for the Federal Reserve. Insiders also revealed that if inflation data released in the coming weeks comes in strong and market expectations for higher borrowing costs rise accordingly, Walsh is prepared to raise interest rates at the September policy meeting. Insiders added that while the Fed chair has raised the possibility of shrinking the central bank’s $6.7 trillion balance sheet to tighten monetary policy, interest rates remain the primary tool for now, and will be used at upcoming meetings if needed.

1 seconds ago

Trader gains $956K on $CASHCAT after $791K investment, another spent $519 ETH for 9.96M $CASHCAT

The trader who previously spent $791K to buy 13.14M $CASHCAT($1.75M now) is now up $956K. Another trader also spent $519 $ETH($985K) to buy 9.96M $CASHCAT 12 hours ago.

1 seconds ago

Pre-market US stocks in the storage, optical communications, and semiconductor sectors are all down, with Western Digital falling over 16% and SanDisk dropping more than 11%.

According to market data from BIT (bit.com), U.S. stocks were in pre-market trading on Thursday, with storage stocks, optical communications, and semiconductor stocks all declining. The storage sector led losses: Western Digital (WDC) fell 16.06%, SanDisk (SNDK) dropped 11.09%, SK Hynix (SKHY) decreased 7.01%, Micron Technology fell 5.79%, and Seagate Technology (STX) declined 5.57%. Most semiconductor stocks trended lower: Marvell Technology (MRVL) fell 2.14%, Intel (INTC) dropped 1.89%, and Arm (ARM) decreased 1.85%. All optical communication concept stocks saw declines: Applied Optoelectronics (AAOI) fell 1.66%, Credo (CRDO) dropped 1.45%, and Astera Labs (ALAB) decreased 1.37%.

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Bitcoin (BTC) trades above $64,000 at press time on Thursday, testing the bullish breakout of its 50-day Exponential Moving Average (EMA) near $64,660. Mild recovery in BTC lifts altcoins, with Pi Network (PI) and Uniswap (UNI) emerging as top performers over the last 24 hours. The technical outlook for the altcoins is bullish, with PI testing the bullish breakout of the falling channel pattern, while UNI extends gains above its 200-day EMA at $3.8969.

Technical outlook: Will BTC price rise above $65,000?Bitcoin maintains a mildly bullish near-term bias as it tests the 50-day EMA at $64,660 and is well under the 200-day EMA at $73,399. Although BTC remains capped below the short-term EMA, a potential breakout could extend the rally toward the immediate resistance at the June 3 high of $67,516.

The Relative Strength Index (RSI) near 53 rises above the midline with a near-term recovery, while the Moving Average Convergence Divergence (MACD) is on the verge of crossing above its signal line, which together hint at fading downside momentum.

BTC/USDT daily price chart.Looking down, the key support for BTC aligns with the $60,000 psychological threshold, reinforced by the swing low near $58,115.

Technical outlook: Could PI and UNI extend gains?Pi Network shows a mild near-term bullish bias as it tests the bullish breakout of the overhead descending trendline near $0.0900. At the time of writing, PI trades above $0.0900 on Thursday, sustaining the 10% rebound gains from the previous day.

The RSI has recovered toward 55, indicating reduced downside pressure, while the MACD rises with its signal line, hinting that recent buying pressure is attempting to challenge the prevailing downtrend.

Looking up, the initial resistance is seen at the 127.2% Fibonacci extension level of the downswing from the $0.1998 high to the $0.1183 low, at $0.0961, followed by the Fibonacci anchor at $0.1183.

PI/USD daily price chart.On the downside, a sustained close below $0.0900 would nullify the breakout odds, potentially leading to a decline toward the $0.0700 support level.

Uniswap trades above $4.00 at press time on Thursday, holding a constructive bullish bias as price sits above both the 50-day EMA at $3.6067 and the 200-day EMA at $3.8969. This positioning suggests the broader uptrend remains intact, with bulls eyeing February 11 high at $4.5880, which capped Friday's gains. A decisive close above this level could extend the rally toward the December 21 high near $6.5000.

The MACD crosses below its signal line while RSI holds at 57, hinting at a neutral-to-positive tone rather than signaling overbought conditions.

UNI/USDT daily price chart.On the downside, initial support is seen at the 200-day EMA near $3.8969, with stronger downside protection emerging at the 50-day EMA around $3.6067.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

TLDR: GSR raised Bitcoin allocation while lowering Ether exposure as crypto trading activity continued slowing this week. Bitcoin, Ether, and Solana have dropped 24.82%, 35.49%, and 40.21% respectively during 2026. GSR’s Core3 model portfolio fell 57.78% over one year, trailing the equal-weight basket’s performance. Bitcoin faces key resistance near $67,000 while $60,000 remains the major higher timeframe support level. Bitcoin, Ether, and Solana have posted sharp declines in 2026 as digital asset markets continue to struggle with weaker trading activity. GSR has adjusted its Core3 model portfolio by increasing Bitcoin exposure while reducing its Ether allocation.

The move comes after another quiet week marked by lower volatility across major cryptocurrencies. Portfolio changes also arrived as Bitcoin approached a technical level that traders continue to monitor closely.

GSR Shifts Bitcoin Allocation as Crypto Market Activity Slows GSR’s latest weekly market commentary showed notable allocation changes within its Core3 model portfolio. The portfolio tracks Bitcoin, Ether, and Solana using the firm’s quantitative investment signals.

As of August 5, Bitcoin represented 19.3% of the allocation. Ether held the largest share at 44.1%, while Solana accounted for 36.5%.

Year-to-date performance remained negative across all three assets. Bitcoin had fallen 24.82%, Ether declined 35.49%, and Solana dropped 40.21%.

GSR: Bitcoin, Ether and Solana Tumble in 2026, With SOL Down Over 40%

GSR’s Core3 model portfolio allocated 44.1% to ETH, 36.5% to SOL and 19.3% to BTC as of August 5. Bitcoin, Ether and Solana were down 24.82%, 35.49% and 40.21% year to date, respectively. The model portfolio… pic.twitter.com/uzZIUAMEnB

— Wu Blockchain (@WuBlockchain) August 6, 2026

According to GSR, the model portfolio lost 57.78% over the past year. That result underperformed an equal-weight basket, which declined 49.84% during the same period.

The firm said market conditions remained subdued throughout the previous week. Price movements stayed limited as trading activity eased and volatility continued to decline.

GSR responded by increasing its Bitcoin allocation while trimming exposure to Ether. The company said its proprietary alpha signals supported the adjustment despite limited short-term price differences.

The report also noted that Ether still led 30-day performance. However, the updated allocation reflected stronger forward-looking signals for other assets within the model.

Meanwhile, Solana retained a meaningful portfolio weighting. GSR linked that position to relatively stable price action and a sharp drop in the token’s volatility.

Bitcoin Price Faces Key Resistance as Bulls Target Market Structure Shift Bitcoin also remained in focus after traders highlighted an important technical level. Market participants continue watching whether the asset can recover recent highs.

Crypto trader Daan Crypto Trades pointed to the $67,000 region as a major resistance level. He noted that both June and July peaked around that price.

According to the trader, a move above $67,000 would establish a higher daily high. That would also shift Bitcoin into a more bullish daily market structure.

He added that the $60,000 level remains the major support on the higher timeframe. Traders continue monitoring that area if Bitcoin fails to reclaim higher prices.

$BTC $67K was the June & July high. Breaking that and you put in a higher high and flip this into a bullish market structure on the daily timeframe.

That is the goal for the bulls. Below, obviously the high timeframe range low at $60K is the big support to watch. pic.twitter.com/tM4d5JE5Cs

— Daan Crypto Trades (@DaanCrypto) August 5, 2026

The technical outlook arrived alongside GSR’s portfolio update as digital asset markets traded in a quieter environment. Lower volatility and softer trading volumes have remained consistent themes across recent sessions.

Bitcoin’s increased allocation within GSR’s model portfolio reflects those changing conditions. At the same time, the firm’s latest data showed that all three Core3 assets continue trading well below their levels at the start of 2026.

Is Lee Sounding an Alarm for Bitcoin?During an interview with CNBC, Lee acknowledged the looming threat, popularly known as “Q-Day”, when quantum computers become powerful enough to break standard internet encryption.

Lee noted that networks such as Ethereum and Solana are developing quantum resistance, so it’s “probably not gonna be a problem” for them.

“But for bitcoin they haven’t come to a consensus on how to prevent Q-Day,” the Fundstrat co-founder said.

Potential Threat to BitcoinFor Bitcoin, quantum computing poses a theoretical risk: private keys could be derived from exposed public keys in 9 minutes, opening a pathway for unauthorized access to funds.

Jameson Lopp, co-founder and chief security officer at self-custody platform firm Casa, has estimated a “greater than 50% chance” that it will take at least another decade before a quantum computer emerges that could pose a threat to Bitcoin.

Not an Existential Risk, Say Crypto FiguresCoinbase, in fact, announced the formation of an advisory board earlier this year to assess the implications of quantum computing and prepare for “threats.”

A suggested that a protocol update to protect Bitcoin from quantum computing threats could require nearly 305 days of downtime if only 25% of the bandwidth is allowed for the process.

That said, not everybody is sweating over the so-called Q-day. International Business Machines Corp (NYSE:IBM) CEO Arvind Krishna said quantum computing could start having a “measurable impact” on the company’s revenue and profit by 2028 or 2029.

Price Action: At the time of writing, BTC was exchanging hands at $64,588.02, up 0.61% in the last 24 hours, according to data from Benzinga Pro.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: Quality Stock Arts on Shutterstock.com

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Grayscale has completed CoinDesk Crypto 5 ETF’s (GDLC) quarterly rebalancing, increasing XRP, Solana (SOL), and Bitcoin (BTC) allocations. The crypto asset manager also announced weightings of Ethereum (ETH) and BNB in the large-cap digital assets fund.

XRP, Solana & Bitcoin Holdings to Rise in Grayscale’s GDLC ETF Grayscale Investments Sponsors finished its quarterly portfolio review and rebalanced the GDLC ETF in line with the CoinDesk 5 Index Methodology. The index provider determined that Bitcoin, Ethereum (Ether), XRP, Solana (SOL), and BNB continued to meet the inclusion criteria.

As a result, Grayscale has adjusted the fund’s portfolio by purchasing and selling some existing fund components in line with their weightings. Thus, no new tokens were added to or removed from the GLDC ETF during rebalancing.

The crypto components’ weighting in the fund is adjusted to 75.54% Bitcoin, 13.30% Ethereum, 4.64% BNB, 3.98% XRP, and 2.54% SOL. Each share represented almost 0.0003 Bitcoin, 0.0021 Ether, 0.0023 BNB, 1.0633 XRP, and 0.0099 SOL.

Notably, the earlier allocations were 75.53% BTC, 13.43% ETH, 4.64% BNB, 3.88% XRP, and 2.52% SOL. The latest update shows a slight increase in XRP, Solana, and Bitcoin weightings, whereas a small cut in Ethereum. Meanwhile, BNB’s allocation remains stable at 4.64% in the Grayscale GDLC ETF.

Meanwhile, Grayscale XRP ETF (GXRP) sold over $180 million worth of Ripple’s XRP. It also reported massive depreciation in net asset value due to XRP price downturn.

Price Action Mixed amid Rising Uncertainty Bitcoin price holds advance towards $65K amid pause in US-Iran war for diplomatic deal between the US, Iran and Oman. BTC currently trades at $64,722, up almost 1 % over the past 24 hours, but trading volume remains low due to broader crypto market uncertainty.

Meanwhile, XRP price dropped more than 2% in the past 24 hours as Senate Majority Leader John Thune didn’t file cloture on the Clarity Act. XRP is currently trading at $1.05, with a 24-hour low and high of $1.04 and $1.07, respectively.

However, trading volume has increased by 33% over the last 24 hours as traders await Clarity Act’s progress in the Senate. Analyst Ali Martinez predicted a fall to $0.80 if XRP price fails to hold above $1.

Check out the best crypto copy trading platforms to closely track the moves of experienced traders amid crypto market uncertainty.

Leading cryptocurrencies inched higher on Wednesday amid a renewed Senate push to pass the CLARITY Act before the recess.

‘Extreme Fear’ ReturnsBitcoin staged a late-afternoon rally but fell short of the $65,000 mark as trading activity stayed subdued. Ethereum posted a stronger advance, climbing to an intraday high of $1,922, while XRP and Dogecoin traded lower.

Drama over the CLARITY Act persists, with Senate Majority Leader John Thune (R-S.D.) floating a last-minute vote to pass the cryptocurrency legislation in the Senate.

Over $250 million was liquidated from the cryptocurrency market in the last 24 hours, with $169 million in bearish short positions erased, according to Coinglass data.

Bitcoin’s open interest rose 1.17% over the last 24 hours. Smart money sentiment, which refers to the collective outlook  and capital allocation of institutional investors, turned "extremely bearish." Binance top traders, i.e., top 20% users with the highest margin balance, remained net long on Bitcoin, but the long exposure has fallen significantly this week.

"Extreme Fear" sentiment returned to the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization stood at $2.2 trillion, following a dip of 0.79% over the last 24 hours.

Dow Extends Winning RallyThe Dow Jones Industrial Average soared 263.24 points, or 0.49%, to hit a record close of 54,349.12. The S&P 500 retreated 0.17% to close at 7,723.55, while the tech-heavy Nasdaq Composite pulled back 0.83% to end at 26,363.44.

Historical Bottom Signal EmergesAli Martinez, a widely followed cryptocurrency analyst and trader, identified a bullish divergence between Bitcoin’s price and net capital flows.

“The last bullish divergence between the BTC price and Net Capital Flows marked the cycle bottom,” Martinez stated. “The same signal is back.”

The analyst noted that the last such signal preceded the rally from $15,000 to $126,000, representing a 740% upside.

Michaël van de Poppe, another popular cryptocurrency commentator on X, said that if the CLARITY Act passes this week, it would end the market’s wait-and-see stance and trigger a bull rally for Bitcoin and altcoins.

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Most of the Bitcoin stolen through the COLDCARD wallet flaw remains unmoved, but on-chain investigators have detected a separate attacker beginning to route smaller amounts through a mixer.

Summary

The largest known COLDCARD attacker controls 1,159 BTC across seven addresses. None of the 1,159 BTC has entered mixers or been transferred to an identifiable cash-out service. A separate attacker sent 64 BTC toward a mixer, initially mixing about 10 BTC. Investigators have distributed roughly 600 flagged addresses to law enforcement, exchanges, and analytics firms. COLDCARD attacker leaves 1,159 BTC untouched Galaxy Research said the largest known theft connected to the COLDCARD vulnerability involved 1,159 BTC. The funds remain spread across seven addresses associated with the attacker and have not moved since the initial sweep.

https://twitter.com/OnchainLens/status/2083670452967452912

The Bitcoin was stolen within 41 minutes, according to the latest on-chain monitoring cited by Bitcoin News. Investigators have not detected transfers from the seven addresses to exchanges, mixers or other services commonly used to obscure stolen funds.

The assets are therefore better described as unmoved rather than technically frozen. Bitcoin transactions cannot be stopped at the protocol level merely because an address has been flagged.

However, the attacker could face difficulties converting the funds into fiat or other assets. Law enforcement agencies, cryptocurrency exchanges and blockchain analytics companies have reportedly flagged about 600 addresses connected with the wider theft.

Any transfer to a compliant exchange could trigger transaction monitoring controls and requests for information about the account receiving the Bitcoin.

Smaller attacker begins mixing stolen Bitcoin Separate on-chain activity suggests another attacker has started attempting to obscure part of the stolen funds.

Analysts tracked 64 BTC entering a transaction flow linked to a mixer. Approximately 10 BTC was initially mixed, while about 54 BTC returned as change. The remaining funds were subsequently divided into outputs of roughly 7 BTC each for further mixing.

UPDATE COLDCARD:
THE THIEF IS NOW MIXING HIS 64 BTC

1. The funds were sent to that address:
bc1pynd6vswmxkghw6k5463xwcj7el7u4tpl2t2pnh0s8llmc2wgzfqsdu7h92

2. It was mixed in that strange transaction:
– 64 BTC input
– and a 54 BTC output… https://t.co/717BUz0gxm pic.twitter.com/GMzSkE3xrA

— Marius Off🔗Chain (@mariusoffchain) August 5, 2026 Mixers combine or restructure transactions to make it harder to connect the original source of cryptocurrency with its eventual destination. However, they do not guarantee that funds will become untraceable.

Analysts said the relatively large and consistently sized outputs make this laundering attempt easier to follow. Investigators can continue monitoring the transactions as the Bitcoin passes through additional addresses.

The activity also appears separate from the seven-address cluster holding 1,159 BTC. Previous reporting found that multiple attackers may have exploited the same wallet weakness, meaning movements from one cluster should not automatically be attributed to every COLDCARD theft.

Galaxy previously tracked 1,596 stolen BTC As previously reported by crypto.news, Galaxy Research confirmed that attackers stole 1,596 BTC from approximately 7,300 addresses across three attack waves. It also identified 14 smaller incidents connected to the same seed-generation flaw.

A suspected fourth wave could raise the total to approximately 2,055 BTC, although Galaxy had not confirmed those additional losses through sufficient victim reports.

The vulnerability resulted from a firmware error that weakened the randomness used to generate wallet seed phrases. Attackers could reproduce possible seeds offline, derive their Bitcoin addresses, and compare them with addresses visible on the blockchain.

They did not need physical access to the devices, their PINs, or the Bitcoin network itself. The underlying Bitcoin protocol was not compromised.

Coinkite has released corrected firmware, but an update cannot secure a seed phrase generated using a vulnerable version. Affected users must create an entirely new seed and transfer their Bitcoin to addresses derived from it.

The Coldcard hack is especially damaging to Canadian bitcoiners. Our analysis of attackers and victims finds that BTC holders in Canada are bearing 25% of attributable losses.

With estimates ranging as high as $110M, according to Galaxy Research’s dataset, we analyzed the… pic.twitter.com/AyxfHCcOrY

— Chainalysis (@chainalysis) August 4, 2026 US investigators monitor flagged addresses Galaxy previously said it shared confirmed attacker and victim addresses with US law enforcement agencies, exchanges and cyber-investigation groups. The expanding address list could help authorities identify stolen funds when attackers attempt to use regulated services.

Still, recovering the Bitcoin remains uncertain. An attacker may move funds through several addresses, mixers, decentralized platforms or services outside US jurisdiction before attempting to convert them.

The latest mixer activity gives investigators a new transaction trail to follow, while the 1,159 BTC held by the largest known attacker remains exposed to continuous public monitoring.

Wall Street investment bank Maxim Group has cut its price target on Strategy (NASDAQ: MSTR) while keeping its Buy rating. The update is in response to the Bitcoin treasury company’s recent Bitcoin sales, which have been the subject of a wave of scrutiny.

Wall Street Analysts Cut MSTR Stock Price Targets Maxim lowered its goal to $215 from $250. Despite the cut, the new target still implies a potential upside of around 120% from the current price of Strategy stock. Recently, MSTR stock ended Wednesday at $98.37, up $0.72, or 0.74%.

The latest reduction has joined a string of cuts by Wall Street firms. As Bitcoin price expectations have turned gloomy and Strategy has shifted from its “never sell’ stance, analysts have become more cautious.

Moreover, Cantor Fitzgerald cut its price on MSTR to $186. The firm has now lowered its forecast for Bitcoin to hit $111,000 by August 2027. Rather, it is now predicting the BTC price to hit $98,000.

JUST IN: $10 billion investment bank Maxim Group has lowered its price target on #Bitcoin treasury company Strategy $MSTR from $250 to $215 and maintains a buy rating.

That's still a 120% upside. 👀🔥 pic.twitter.com/2C72w5efPx

— BitcoinTreasuries.NET (@BTCtreasuries) August 5, 2026

Further, B. Riley also cut its MSTR stock target from $215 to $155. The brokerage scaled down its Bitcoin forecast from $81,500 to $65,000. Additionally, it noted Strategy had decided to halt further purchases of Bitcoin as one reason for the lower valuation.

The BTC Sale Saga Rattles The Market The MSTR stock downgrades come amid scrutiny about massive Bitcoin transfer associated with Strategy. According to blockchain analytics platform Lookonchain, the wallet related to Strategy transferred over 1,030 BTC, which is valued at over $66 million.

According to the data from Arkham Intelligence, there were five transfers totaling approximately $6 million to $21 million. The trades were part of a larger shift of 300 BTC earlier this week.

The new transfers followed Strategy’s latest sale of 1,638 BTC valued at approximately $105 million, leaving it with 842,138 BTC remaining. The company hasn’t clarified if the recent transfers are connected to another sale or if they represent internal custody/transfers of wallets. Investors remain very interested in the activity for the market.

Bitcoin (BTC) remained subdued while stocks edged higher and gold lower, suggesting the market is trapped between weakening institutional demand and growing signs of seller exhaustion, according to a Glassnode report on Wednesday.

The firm stated that Bitcoin's lack of movement stood in sharp contrast to broad gains across global markets, as major equity indexes reached new highs and gold extended its rally.

"Everything has moved except the asset this report is about," Glassnode wrote.

Stocks Climbed And Oil Slid While Bitcoin Did Nothing At All. Source: GlassnodeBitcoin faced little pressure following Coldcard wallet theftThe report examined the market's response to the compromise and theft of funds from several self-custodied Coldcard hardware wallets. While the theft triggered notable on-chain activity, it produced almost no impact on BTC's price.

Following the incident, the movement of BTC that had remained dormant for at least a year rose to 119,000 BTC over three days, around 200 times the amount stolen, as wallet holders moved funds to new addresses out of precaution.

However, only about one-tenth of those BTC reached exchanges, while new wallet creation returned to normal within days. At the same time, the supply held in wallets younger than one month continued rising, indicating users were simply migrating assets into fresh cold storage rather than selling.

"The largest forced movement of old coins this cycle produced no measurable sell pressure and no discernible price response," Glassnode stated.

Bitcoin lacks strong demand push amid sign of market bottomThe report noted that Bitcoin is beginning to display characteristics associated with market bottoms, although unlike previous cycles. These signals are forming through prolonged inactivity instead of panic selling.

Historically, major bottoms have been marked by sharp price declines and volatility spikes. This time, profitability has compressed gradually during months of sideways trading while volatility has remained unusually low.

Glassnode stated that its Seller Exhaustion Constant has fallen to the lowest level of the current cycle and entered the range where previous market bottoms formed. However, the indicator still remains about one-third above the levels reached during earlier bear market lows.

Seller Exhaustion Constant. Source: GlassnodeInstitutional demand remains a missing catalystGlassnode also highlighted continued weakness in institutional demand. The report stated that US spot Bitcoin exchange-traded funds (ETFs), along with corporate treasury buyers, have collectively failed to provide meaningful support in recent months. June alone recorded roughly 65,800 BTC in net ETF outflows, the largest monthly withdrawal on record, while corporate treasury purchases were insufficient to offset those redemptions.

"Whatever forms the bottom will have to form without the structural bid that defined the last two years, until that bid turns," Glassnode added.

Despite the subdued outlook, the firm noted that options markets remain unusually calm. Upside implied volatility has fallen to its lowest level on record, while downside volatility remains relatively ordinary, indicating traders are paying for neither bullish nor bearish scenarios.

Bitcoin Implied Volatility. Source: GlassnodeWhile deeply compressed markets have historically broken higher, Glassnode stated that Bitcoin's current setup lacks the level of demand that fueled previous recoveries.

Bitcoin is trading at $64,900, up 1% in the past 24 hours at the time of writing.

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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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