Track market-moving stories before they get noisy

https://www.cnn.com/2023/06/24/world/gallery/vladimir-putin/index.html

Russian President Vladimir Putin has signed a landmark law that establishes a regulatory framework for crypto exchanges, digital depositories, and market participants, as reported by TASS. While the law introduces regulation for these entities, it maintains a ban on using cryptocurrency for domestic payments within Russia. The Bank of Russia is set to be the main regulator for this framework, with a transition period extending through July 2027. The regulation aims to create a legalized infrastructure for buying, selling, and storing digital currencies through licensed intermediaries.

Crypto markets appear to have interpreted the development as a mixed indicator for Bitcoin’s future price, especially in speculative markets. The introduction of regulatory clarity is seen as potentially positive for institutional engagement. However, the continued ban on using cryptocurrencies as a means of payment could dampen broader retail enthusiasm, which may be impacting market sentiment regarding Bitcoin’s ability to reach high price targets.

Advertisement

Current market odds for Bitcoin reaching $200,000 by December 31, 2026, remain low, with pricing reflecting a 2% probability. The regulatory framework seems to have led to a moderate decrease in optimism for such high price levels, as suggested by the slight downtrend in odds for Bitcoin achieving significant price hikes.

Key Takeaways The new Russian law appears to provide regulatory clarity for crypto exchanges and digital depositories. Market pricing suggests that while regulatory clarity could encourage institutional participation, the ban on crypto payments may limit retail enthusiasm. Current odds for Bitcoin reaching $200,000 by the end of 2026 are at 2%, reflecting limited market confidence in achieving this price level. What to Watch Observers should monitor how the Bank of Russia implements the new regulatory framework and its impact on institutional engagement within the crypto market. Developments in international crypto regulations, particularly regarding the use of cryptocurrencies in cross-border trade, could influence market sentiment. Watching for any further legislative changes in Russia that might affect the use of cryptocurrencies as a payment method will also be pivotal in assessing future market movements.

Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Term Structure

Contract Odds Δ since publish Volume 24h December 31 2.1% — — View market → December 31 2.1% — — View market → December 31 2.4% — — View market → December 31 3.5% — — View market → December 31 4.5% — — View market → January 1 2027 8.5% — — View market → January 1 2027 24% — — View market → January 1 2027 4.2% — — View market → January 1 2027 2.2% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 3.7% — — View market → January 1 2027 5.5% — — View market → January 1 2027 56.5% — — View market → January 1 2027 10.5% — — View market → January 1 2027 1.7% — — View market → January 1 2027 3.2% — — View market → January 1 2027 35% — — View market → January 1 2027 15.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 4% — — View market → January 1 2027 2.5% — — View market → January 1 2027 1.8% — — View market → January 1 2027 1.3% — — View market → January 1 2027 0.9% — — View market → January 1 2027 10.5% — — View market → January 1 2027 22.5% — — View market → January 1 2027 33.5% — — View market → January 1 2027 50.5% — — View market → January 1 2027 71.5% — — View market →

A Bitcoin security group made up of just 16 volunteers said they have found nearly 5,000 potential issues during a rapid AI-assisted review of projects in the Bitcoin ecosystem. 

Bitcoin Red Team is a volunteer security effort that includes Rob Hamilton, CEO of AnchorWatch and Bitcoin developer Calle, among others, which has been using AI tools and human review to scan open-source Bitcoin-related repositories for vulnerabilities. 

“We’re averaging on the order of 1 critical exploit per hour per person,” said Calle in a post to X on Wednesday. 

Source: Calle

The launch of the Bitcoin security review campaign comes just days after the Coldcard hardware wallet hack, which has seen over $100 million in Bitcoin stolen. 

According to Calle, in the first 29.8 hours of its operation, its team has found 4,962 potential issues across 390 projects. As many as 720 of them are considered high- or critical-level issues. So far, 21.4% of findings have been able to be reproduced. 

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Three men from St. Louis, Missouri, are facing federal charges in connection with an alleged scheme to seize Bitcoin through a planned residential break-in in Connecticut nearly two years earlier. US Attorney David X. Sullivan for the District of Connecticut announced that Sedric Louis, 32, John Davis, 34, and Martel Williams, 27, have been indicted on one count of conspiracy to interfere with commerce by robbery, commonly known as Hobbs Act robbery.

The charge carries a potential maximum prison term of 20 years.

According to court filings and statements presented in proceedings, the case stems from events in August 2024.

On August 25 of that year, officers in Danbury, Connecticut, took six men from Florida into custody after a violent carjacking that also involved the assault and abduction of two people inside the vehicle.

Investigators later determined that the abducted individuals were the parents of a person who had previously taken part in the theft of Bitcoin valued in the hundreds of millions of dollars.

Authorities allege that those organizing the effort to recover some of that cryptocurrency first enlisted the three Missouri residents to execute the operation.

Between roughly August 21 and August 24, 2024, Louis, Davis, Williams and additional participants traveled to Connecticut.

There they secured rental cars and gathered equipment that included air rifles and two-way radios.

Over the following two days the group conducted surveillance on the primary target and his parents, seeking a chance to enter the residence by force, intimidate the target, and compel him to move the stolen digital assets into wallets controlled by the organizers.

The Missouri men ultimately abandoned the effort.

Court documents indicate they grew concerned that residential security cameras had recorded their presence and became dissatisfied with both the plan itself and limited contact with their co-conspirators.

Shortly after their departure, a separate team from Florida arrived and proceeded with the operation that led to the carjacking and kidnappings.

A federal grand jury sitting in New Haven returned a second superseding indictment against Louis, Davis and Williams on May 22, 2026.

Louis and Davis have remained in custody since their arrests on June 25, 2026; both entered not-guilty pleas during appearances in Bridgeport federal court on July 30.

Williams appeared on July 17, also pleaded not guilty, and was released on bond.

Prosecutors emphasize that an indictment constitutes only an accusation.

Each defendant is presumed innocent unless and until the government proves guilt beyond a reasonable doubt at trial.

The investigation has involved the FBI New Haven Violent Crimes Task Force, FBI field offices in Los Angeles and St.

Louis, and the Danbury Police Department. Additional support has come from other federal and state prosecutors’ offices.

Assistant U.S. Attorneys Karen L. Peck and Daniel George are handling the prosecution.

The case highlights the intersection of traditional violent crime and the high-value, borderless nature of cryptocurrency holdings.

As digital assets continue to attract both legitimate investors and criminal attention, law-enforcement agencies are increasingly confronting plots that blend physical intimidation with demands for online transfers. The outcome of the charges against the three Missouri men will be determined in the months ahead as the federal case proceeds through the District of Connecticut.

According to Yuqing Monitoring, a whale that opened a short position of 1,600 BTC (valued at roughly $102 million) yesterday triggered $13 million in position liquidation due to Bitcoin’s rebound in the early hours of today. The liquidation price was $64,889, and the whale set stop-loss orders in the $64,885–$68,254 range, each for 50 BTC. Four of these stop-loss orders have been activated, cutting the short position by 200 BTC and resulting in a $146,000 loss. The whale still holds a short position of 1,400 BTC (valued at approximately $90.54 million), with the latest liquidation price standing at $64,998.

Relevant content

Foreign media: Iran seeks to charge 5% to 7% of the value of goods for ships transiting the strait.

According to Reuters, citing a senior Iranian source and two regional officials, a proposed Iran-Oman deal would grant Iran control over vessels entering the Gulf via the Strait of Hormuz, one of the most significant concessions Iran has secured to date. Iran later stated that all vessels entering and exiting the Gulf would pass through Iranian waters. Regional sources noted that details remain to be finalized regarding how "control" would be defined. Iranian sources said the draft deal currently on the table envisions Iran controlling vessels transiting the strait into the Gulf, with one key point of contention being what role Iran would play for vessels heading in the opposite direction. Iran's deputy foreign minister later said: "The route is designed such that commercial vessels' inbound and outbound paths will pass through Iranian territorial waters." Senior Iranian officials revealed that Iran is seeking to charge vessels using the strait a fee equivalent to 5% to 7% of the cargo value, while Oman is discussing a lower rate of around 3%, and Washington wants no fees at all. Making the fee nominally voluntary could be a way to break the impasse, but shipping companies may have to pay to transit amid the threat of potential Iranian attacks.

1 minutes ago

Whales accumulate 1,540 $BTC ($99.4M) from Galaxy Digital and BitGo in 3 hours

Whales are accumulating $BTC! Four newly created wallets have received 1,540 $BTC($99.4M) from #GalaxyDigital and #BitGo in the past 3 hours.

1 minutes ago

The "Big Short" Michael Burry's latest portfolio adjustment: increases holdings in Flutter, while selling DraftKings

Michael Burry, the real-life inspiration for "The Big Short", disclosed his latest portfolio adjustments via his Substack account today: he has sold his long position in DraftKings (DKNG) and increased his long position in Flutter (FLUT).

1 minutes ago

Some Hong Kong-listed AI stocks advanced, with MINIMAX-W surging over 15%.

According to Bitget market data, some Hong Kong-listed artificial intelligence stocks are advancing, with MINIMAX-W surging over 15%, Zhipu rising more than 9%, Shenghong Technology gaining over 7%, and Cambridge Technology up more than 3%. Earlier reports stated that the Shanghai Stock Exchange and Shenzhen Stock Exchange have added MINIMAX-W to their Hong Kong Stock Connect eligible securities, effective August 6.

1 minutes ago

JPMorgan Chase: Retail investor influence in tech stock trading may increase after a brutal sell-off.

According to JPMorgan's preliminary assessment of data on equity long-short hedge funds in the technology, media, and telecom (TMT) sector, tech stock trading, after the brutal July selloff, may be becoming more reliant on retail investors, with volatility set to intensify. JPMorgan strategists including Nikolaos Panigirtzoglou and others noted that data from Pivotal Path shows these hedge funds lost over 10% in July. This drawdown does not yet include the Situational Awareness fund, which was forced to sell most of its public equity portfolio last week following the sharp selloff in semiconductor and tech stocks. Panigirtzoglou believes this indicates that other equity long-short hedge funds focused on tech stocks may also have faced forced liquidations in semiconductor and memory chip stocks.

1 minutes ago

A crypto whale transferred 20,100 SPCXB tokens to Binance, incurring an unrealized loss of $720,000.

According to YuEmber monitoring, a crypto whale withdrew 20,100 SPCXB (SPCX stock token) from Binance in early July, and transferred all of the tokens, valued at approximately $2.3 million, back to the exchange early this morning, posting an unrealized loss of $720,000.

1 minutes ago

According to Lookonchain's monitoring, four newly created wallets received a total of 1,540 Bitcoin (worth approximately $99.4 million) from Galaxy Digital and BitGo platforms over the past three hours.

Relevant content

Foreign media: Iran seeks to charge 5% to 7% of the value of goods for ships transiting the strait.

According to Reuters, citing a senior Iranian source and two regional officials, a proposed Iran-Oman deal would grant Iran control over vessels entering the Gulf via the Strait of Hormuz, one of the most significant concessions Iran has secured to date. Iran later stated that all vessels entering and exiting the Gulf would pass through Iranian waters. Regional sources noted that details remain to be finalized regarding how "control" would be defined. Iranian sources said the draft deal currently on the table envisions Iran controlling vessels transiting the strait into the Gulf, with one key point of contention being what role Iran would play for vessels heading in the opposite direction. Iran's deputy foreign minister later said: "The route is designed such that commercial vessels' inbound and outbound paths will pass through Iranian territorial waters." Senior Iranian officials revealed that Iran is seeking to charge vessels using the strait a fee equivalent to 5% to 7% of the cargo value, while Oman is discussing a lower rate of around 3%, and Washington wants no fees at all. Making the fee nominally voluntary could be a way to break the impasse, but shipping companies may have to pay to transit amid the threat of potential Iranian attacks.

1 minutes ago

Whales accumulate 1,540 $BTC ($99.4M) from Galaxy Digital and BitGo in 3 hours

Whales are accumulating $BTC! Four newly created wallets have received 1,540 $BTC($99.4M) from #GalaxyDigital and #BitGo in the past 3 hours.

1 minutes ago

The "Big Short" Michael Burry's latest portfolio adjustment: increases holdings in Flutter, while selling DraftKings

Michael Burry, the real-life inspiration for "The Big Short", disclosed his latest portfolio adjustments via his Substack account today: he has sold his long position in DraftKings (DKNG) and increased his long position in Flutter (FLUT).

1 minutes ago

Some Hong Kong-listed AI stocks advanced, with MINIMAX-W surging over 15%.

According to Bitget market data, some Hong Kong-listed artificial intelligence stocks are advancing, with MINIMAX-W surging over 15%, Zhipu rising more than 9%, Shenghong Technology gaining over 7%, and Cambridge Technology up more than 3%. Earlier reports stated that the Shanghai Stock Exchange and Shenzhen Stock Exchange have added MINIMAX-W to their Hong Kong Stock Connect eligible securities, effective August 6.

1 minutes ago

JPMorgan Chase: Retail investor influence in tech stock trading may increase after a brutal sell-off.

According to JPMorgan's preliminary assessment of data on equity long-short hedge funds in the technology, media, and telecom (TMT) sector, tech stock trading, after the brutal July selloff, may be becoming more reliant on retail investors, with volatility set to intensify. JPMorgan strategists including Nikolaos Panigirtzoglou and others noted that data from Pivotal Path shows these hedge funds lost over 10% in July. This drawdown does not yet include the Situational Awareness fund, which was forced to sell most of its public equity portfolio last week following the sharp selloff in semiconductor and tech stocks. Panigirtzoglou believes this indicates that other equity long-short hedge funds focused on tech stocks may also have faced forced liquidations in semiconductor and memory chip stocks.

1 minutes ago

A crypto whale transferred 20,100 SPCXB tokens to Binance, incurring an unrealized loss of $720,000.

According to YuEmber monitoring, a crypto whale withdrew 20,100 SPCXB (SPCX stock token) from Binance in early July, and transferred all of the tokens, valued at approximately $2.3 million, back to the exchange early this morning, posting an unrealized loss of $720,000.

1 minutes ago

Maelstrom founder Arthur Hayes says the AI boom is a credit bubble.

Once it unwinds, governments will print enough money to send Bitcoin (CRYPTO: BTC) to $1 million.

Why Hayes Says AI Is A Credit Bubble, Not A Tech BubbleHayes argued in a Substack essay on Wednesday that the dot-com crash was an earnings story because companies had no revenue. 

The 2008 crisis was a credit story because lenders poured money into property that stopped appreciating. AI, he argued, is the 2008 version.

Hyperscalers are building data centers, which are fundamentally real estate projects, not technology ventures. 

Lenders are treating that debt as if they are funding Apple (NASDAQ:AAPL) rather than Lehman Brothers. 

When AI capital expenditure growth decelerates in 2027 and contracts in 2028, the weakest credits fail and the government steps in with a bailout larger than anything seen after 2008.

Where Bitcoin Fits Into The Timeline?Hayes said Bitcoin has already bottomed or is very close, with the asset likely sideways between $60,000 and $70,000 near term and potential downside to $50,000. 

The AI credit expansion is already misallocating capital on a scale comparable to the US railroad boom as a percentage of GDP, meaning the eventual bailout will dwarf the trillions printed after the financial crisis.

Bitcoin was created as a direct response to that 2008 bailout. This time it already exists and is positioned to absorb the liquidity wave directly.

Why Hayes Is Buying Ethereum Over Bitcoin Right Now?Hayes said Maelstrom is heavily long Bitcoin but sees Ethereum (CRYPTO: ETH) as the next trade, targeting $5,000 by year-end, roughly 2.6 times current levels. 

His thesis is that corporate chains like Robinhood Markets (NASDAQ:HOOD) are building on Arbitrum, an Ethereum Layer 2, making Ethereum the security settlement layer for tokenized real-world assets. 

He cited Bitmine Immersion Technologies Inc (NASDAQ:BMNR) Chairman Tom Lee’s institutional backing as providing cover for portfolio managers to build ETH positions around the tokenization theme.

Why The Fed Is The Wildcard?Hayes pointed to the Fed’s decision to hold rates last week as evidence the government is already engineering a steeper yield curve to make bank lending more profitable. 

He said banks are directing capital toward AI lending, and when those loans sour, governments will step in with a bailout that arrives quickly and at a scale the market is not prepared for.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

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

To add Benzinga News as your preferred source on Google, click here.

Large Bitcoin holders continued increasing their balances during the market decline. Retail and short-term investors supplied much of the selling pressure. Bitcoin faces a decisive test near $65,000 after rebounding from $62,500. Ethereum broke above $1,900, but still needs to clear resistance near $1,925. Bitcoin and Ethereum ownership is becoming increasingly concentrated among large holders as retail investors sell into the downturn, according to CryptoQuant data and the latest market charts.

BTC whales continued adding below $60,000 and maintained positive 30-day balance growth as prices recovered toward $65,000, while large Ethereum holders approached historically elevated accumulation levels.

The divergence suggests that the decline is redistributing supply toward better-capitalized investors, although it does not yet confirm that either market has established a durable bottom.

Whale balances rise while Bitcoin remains under pressure Bitcoin whale holdings increased steadily during the first seven months of 2026 even as the asset fell from above $100,000 toward the low-$60,000 range.

CryptoQuant’s entity-adjusted chart, which excludes known exchange and mining pool wallets, shows total whale balances rising from around 2.9 million BTC at the start of the year to approximately 3.08 million BTC by late July.

CryptoQuant chart showing Bitcoin whale balances rising while prices fall and retail investors sell. The 30-day percentage change moved back into positive territory during May and remained above zero through much of June and July. That suggests large holders were adding Bitcoin on a net basis while the broader market remained weak.

The timing matters. Whale accumulation accelerated as BTC traded below $60,000, indicating that larger entities viewed the decline as an opportunity to increase exposure rather than a reason to exit.

Retail and short-term holders behaved differently. Their selling added liquid supply to the market precisely when prices were already under pressure, allowing larger buyers to accumulate without producing an immediate recovery.

Investor group Observed behavior Immediate market effect Interpretation risk Bitcoin whales Aggregate balances continued rising Absorbs part of the supply sold during weakness Holdings may be hedged through derivatives Retail and short-term holders Reduced exposure during the decline Adds immediately available market supply Wallet size does not reveal every investor motive Ethereum large holders Accumulation approached elevated levels May reduce liquid ETH available for trading Large wallets can include custodians or pooled assets The pattern is constructive for long-term supply conditions because coins transferred into stronger hands may be less likely to return to exchanges during short-term volatility.

It remains insufficient evidence of a market reversal.

Why whale buying can coexist with falling prices Onchain accumulation and weak price action measure different parts of the market.

Wallet balances track where assets are moving over time. Price, by contrast, reflects the balance between buyers and sellers at the margin. A whale can buy steadily while the market continues falling if the total volume of available supply remains larger than its demand.

Several forces can produce that outcome.

Large buyers divide orders across time: Executing a full position immediately can push prices higher and increase the average acquisition cost. Retail selling is more price-sensitive: Smaller investors often use market orders, stop-loss instructions or leverage, which can accelerate selling during sharp declines. Forced liquidations create additional supply: Leveraged positions may close automatically as collateral values fall, regardless of the investor’s long-term view. Spot ownership may be hedged: A fund can accumulate BTC or ETH while using futures or options to reduce directional exposure. The final point limits how confidently whale balances can be interpreted. A large spot position does not necessarily represent an unhedged bet on higher prices.

Custody creates another complication. One blockchain address may represent a single investor, a fund, an exchange-related service or assets belonging to multiple clients. CryptoQuant adjusts its data to remove known exchange and mining pool addresses, but onchain classification remains an analytical estimate rather than an audited ownership record.

Accumulation reflects a transfer of supply, not a confirmed bottom The strongest conclusion supported by the data is that ownership is shifting.

Short-term and retail investors appear to be selling assets that larger holders are willing to absorb. This reduces some of the supply available at depressed prices, but it does not establish how much additional selling remains.

A more convincing bottoming signal would combine several developments:

Whale balances continue rising. Exchange deposits decline. Short-term holders realize fewer losses. Spot trading demand strengthens without relying on leverage. Bitcoin and Ethereum reclaim previous resistance as support. Without that combination, the market is showing redistribution rather than a completed reversal.

The distinction matters because whales often accumulate before the final low. Their larger capital base allows them to tolerate drawdowns that would force smaller investors to exit.

Bitcoin recovery stalls near the $65,000 threshold Bitcoin rebounded from approximately $62,500 on August 3 to $64,757 by late August 5, according to the four-hour Coinbase chart.

TradingView four-hour Bitcoin chart showing BTC recovering toward $65,000 with positive momentum. The move produced a sequence of higher short-term lows and carried BTC back toward the $64,750 to $65,000 resistance zone. Sellers had previously appeared around this area, making it the first meaningful test of whether the latest advance represents more than a temporary relief move.

Momentum strengthened during the rebound. The faster indicator line moved above its signal line, while the histogram remained positive and expanded alongside the price advance.

That configuration favors buyers in the immediate term, but momentum alone does not confirm a breakout. Bitcoin must close convincingly above $65,000 and hold the level during a retest to improve the short-term structure.

Bitcoin level Technical role What the market would signal $65,000 Immediate resistance A confirmed close above would strengthen the recovery $64,000 First nearby support Holding the level would preserve the higher-low sequence $63,500 Secondary support A return here would weaken short-term momentum $62,500 Recent swing low A break below would invalidate the current rebound structure A break above $65,000 would shift attention toward the previous reaction area between roughly $65,300 and $65,600. Failure at resistance would leave $64,000 as the first support to monitor, followed by $63,500.

The move remains a short-term recovery within a broader decline. It should not be described as a full trend reversal unless Bitcoin begins reclaiming higher resistance zones and sustaining stronger spot demand.

Ethereum breaks above $1,900 as momentum accelerates Ethereum produced the stronger immediate move of the two assets.

ETH rose from approximately $1,870 to above $1,910 during the final full four-hour candle on August 5, briefly reaching around $1,924 before settling near $1,913.

TradingView four-hour Ethereum chart showing ETH breaking above $1,900 and testing resistance near $1,925. The advance carried Ethereum above the consolidation range that had contained price between approximately $1,840 and $1,880. That breakout improved the short-term structure and placed ETH directly below a more important resistance area.

The next barrier sits between $1,920 and $1,925. Price encountered selling in that region several times during late July, making it a more significant test than the recently cleared $1,880 level.

Momentum expanded with the move. The faster indicator line accelerated above the slower line, while the positive histogram widened sharply. That confirms that the breakout was accompanied by stronger buying pressure rather than a gradual drift through resistance.

Confirmation still matters. Ethereum needs to hold above $1,880 during any pullback for the breakout structure to remain intact.

Asset Chart price Immediate resistance Nearest support Bitcoin $64,757 $65,000 $64,000 Ethereum $1,913 $1,920 to $1,925 $1,880 A close above $1,925 would expose the late-July trading area between approximately $1,940 and $1,960. A move back below $1,880 would place Ethereum inside its previous range and weaken the breakout signal.

Ethereum accumulation may tighten liquid supply Large-holder accumulation has additional implications for Ethereum because ETH can be moved into staking rather than remaining available on exchanges.

Coins deposited into validators or long-term custody do not disappear from circulation, but they become less immediately available for trading. If large entities continue accumulating while staking participation rises, the liquid portion of ETH supply may contract.

That can increase sensitivity to changes in demand. When fewer coins are available near current prices, even a moderate increase in buying can produce a larger market reaction.

The reverse also applies. Concentration among large holders can amplify selling pressure if those entities begin moving assets back to exchanges.

Large Ethereum addresses also require careful interpretation. They may belong to institutions, staking providers, custodians, liquid staking protocols or other pooled structures rather than individual investors.

Retail capitulation can strengthen whales without lifting prices Retail selling has a disproportionate short-term impact because it often occurs through liquid markets and at moments of poor liquidity.

Smaller investors may sell to protect remaining capital, meet margin requirements or exit positions purchased at higher prices. Many use exchanges where their orders immediately affect the available order book.

Whales operate differently. They can divide purchases across multiple venues, use over-the-counter desks and wait for forced sellers to provide liquidity.

That creates an uneven transfer. Retail investors sell because price has already weakened, while whales buy because lower prices improve their expected long-term return.

The transfer can continue for weeks without generating a durable rally.

What would confirm the whale accumulation thesis The next phase of the market will depend on whether onchain accumulation begins producing visible changes in liquidity and price structure.

For Bitcoin, the strongest confirmation would be continued whale balance growth combined with lower exchange inflows and a sustained break above $65,000. That would indicate that larger holders are not simply accumulating coins before redistributing them into strength.

Ethereum needs to maintain the breakout above $1,880 and clear the $1,925 resistance zone. Continued large-holder buying alongside reduced exchange balances would strengthen the case that liquid supply is tightening.

Investors should watch three signals over the coming sessions:

Whale transfers to exchanges Short-term holder realized losses Spot trading volume during resistance tests A rise in whale exchange deposits while prices approach resistance would weaken the accumulation thesis because it would suggest that some of the recently acquired supply is becoming available for sale.

Major cryptocurrencies rallied over 1% on Wednesday, buoyed by continuing strength in the equity market.

Notable Statistics:

Coinglass data shows 69,958 traders were liquidated in the past 24 hours for $216.18 million.        SoSoValue data shows net inflows of $211.5 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $53.8 million. In the past 24 hours, top gainers include Pump.fun, Uniswap and Zcash. Notable Developments:

Trader Notes:

Crypto chart analyst Ali Martinez noted Bitcoin has flashed a bullish SuperTrend buy signal, a technical indicator that previously preceded a 16% rally from $57,700 to $68,900 after its last trigger on July 3.

Trader Crypto Bitlord believes Bitcoin is on the verge of a sharp upside breakout, pointing to an early move above key 4-hour resistance. He argues that the market is overdue for a large bullish “god candle” after an extended period without a strong vertical rally.

Swing and chart trader Jesse Olson maintains that Bitcoin remains in a bear market but believes the cycle is approaching a turning point.

Based on the model, October could mark the bottom, followed by a 45-month bull run that ultimately drives Bitcoin above $180,000.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

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

To add Benzinga News as your preferred source on Google, click here.

In brief Bitcoin remains range-bound, trapped in a death cross, with all the signs of a bear trap in the making. Zcash, meanwhile, is painting the opposite picture, with indicators lending credence to a recovery underway. But neither shows a confirmed trend with conviction yet. Here's why. It was a quiet crypto trading session in a quiet summer, but the charts are painting different pictures for Bitcoin, the market leader, and Zcash, one of the hottest altcoins of the last year.

Bitcoin spent the week dealing with fears of quantum and AI threats: CNBC's Jim Cramer said he's dumping his BTC over quantum-computing fears, and a separate $130 million Coldcard wallet exploit, disclosed late last week, added a custody scare on top.

On the macro side, the Federal Reserve, holding rates at 3.5%–3.75%, left risk assets in a wait-and-see limbo.

Zcash, the privacy coin co-created by NSA whistleblower Edward Snowden, had a firmer reason to move. Its Ironwood upgrade, network upgrade NU6.3, activated on mainnet July 28 at block 3,428,143, reworking the network's privacy backbone. It was no small thing, given the update put to rest fears created when, again, AI discovered a vulnerability in Zcash's code that's now been patched.

Zcash, which trades as ZEC, dipped on the activation of the upgrade, a classic sell-the-news scenario, before buyers came back. Tuesday's 2.95% gain for ZEC keeps that recovery narrative alive.

Bitcoin price: What the charts sayBitcoin printed a $63,820–$64,706 price range and is currently priced at $64,656, up 0.94%. The move looks like a recovery attempt, not a trend reversal.

The bigger picture sets the trap. Bitcoin peaked near $80,000 in May, crashed through June to a low near $56,000, and has since stabilized in a $60,000–$67,000 range through July and early August. That is a base, not a breakout.

Bitcoin price data. Image: TradingviewThe price of Bitcoin is now pressing toward the 200-day exponential moving average, or EMA, around $66,500, the ceiling that has capped every bounce since a pattern traders refer to as a death cross formed months ago. The structure still reads like a relief rally inside a downtrend: higher from the June low, but not yet able to reclaim the long-term average.

The 50-day EMA (the average price of the last 50 days) sits near $64,200, below the 200-day EMA near $66,500, in a death cross formation. A death cross occurs when the shorter average sits below the longer one, so the medium-term trajectory is still pointed downward. Current BTC price is above the 50-day but below the 200-day, a short-term recovery pressing into long-term resistance.

The Relative Strength Index, or RSI, a momentum gauge on a 0–100 scale where above 70 is overbought and below 30 is oversold, reads 53.5, just above the neutral 50 line. Neutral to slightly bullish, but not convincing.

The Squeeze Momentum indicator is on, showing that something is loading. Squeezes tend to resolve in the direction of the prior trend far more often than they reverse, so the coil is leaning against the rally. The Average Directional Index, or ADX, reads 14.2, weak, with negative directional pressure. Sub-24 readings mean no confirmed trend is in place, and false breakouts are common.

Resistance is the 200 EMA near $66,500, then the leg high at $66,921. Bulls need a daily close back above that area to confirm the squeeze can fire upward. On the downside, losing $64,057, the golden-zone low, opens $63,778 and then the round $56,000 shelf that marks the June bottom. A run at $66,500 that fails would be a textbook bull trap.

Zcash price: What the charts sayZcash today told the more constructive story. It currently trades at $520.33 and a roughly $8.7 billion market cap, up 2.95%, after tagging a $525.00 high and a $502.98 low. The price of ZEC has spiked more than 5% in the last 24 hours.

The trajectory backs it up. Zcash went parabolic from roughly $300 to a peak near $680 between April and early June, then crashed violently to around $480 in mid-June.

Zcash price data. Image: TradingviewSince then, it has recovered to $560 before pulling back to the current $520. That is a recovery that has not rolled back over: price holds above both moving averages, and the April–June damage has been digested rather than repeated. The recent dip from $560 to $520 looks like a pullback inside the recovery, not a fresh downtrend.

The 50-day EMA sits at $504.15, above the 200-day EMA at $488.40, a golden cross, the bullish inverse of Bitcoin's death cross. Zcash's current price is above both, so the medium-term trajectory points up. RSI reads 56.8, in bullish territory but not stretched. The Squeeze is off, so there is no coil building, just a steady grind. ADX is 13.4, weak, which means the recovery lacks conviction and can still chop. Price is pressing into the $525 leg high, the ceiling of the current move.

Resistance is set around $560 and $600, with the April peak near $680 beyond. A clean break of $525 confirms the recovery leg; failure there likely fades back to the $504.15 50 EMA. Below that, the $488.40 200 EMA and the $479.76–$488.40 golden zone are the floor, with $478.26 and $416.39 beneath.

The bull case for Zcash is real but not yet confirmed: a close above $525 extends the recovery toward $560, and Bitcoin reclaiming $66,500 would drag the whole complex higher. Both need conviction the technical indicators aren't giving.

Right now, Bitcoin is testing a ceiling it has failed to hold for months, and Zcash is holding its stack but running into its own.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Bitcoin and Zcash moved in opposite directions during a muted summer trading session, with technical analysts observing distinct signals for the leading cryptocurrency and one of last year’s standout altcoins.

Bitcoin: Facing Resistance After Volatile DeclineBitcoin continued to trade within a defined range, persistently capped by resistance at the 200-day exponential moving average (EMA) near $66,500. For the week, Bitcoin recorded a trading band between $63,820 and $64,706, closing at $64,656—a modest 0.94% gain. Despite the rise, analysts noted this move resembled a recovery attempt rather than a reversal of the prevailing downtrend.

After peaking close to $80,000 in May, Bitcoin’s price fell sharply to a low near $56,000 in June. Since then, it has traded between $60,000 and $67,000, mostly stabilizing but not showing a decisive breakout.

Challenges included heightened concerns over quantum computing risks raised by media personality Jim Cramer and the disclosure of a $130 million Coldcard wallet exploit, adding to investor anxiety about digital asset security. Additionally, the Federal Reserve held US interest rates steady at 3.5% to 3.75%, contributing to uncertainty across risk assets and leaving traders cautious.

Bitcoin is currently positioned above the 50-day EMA at $64,200 but remains below the 200-day EMA at $66,500, keeping the so-called death cross pattern in place. With the shorter-term average below the longer-term average, this formation reflects ongoing downside pressure. The Relative Strength Index (RSI) registered 53.5, which analysts interpret as neutral to mildly bullish, though not enough to suggest a convincing upward trend.

The Squeeze Momentum indicator suggests a buildup of market pressure, while the Average Directional Index (ADX) at 14.2 indicates a weak, indecisive trend. Analysts explain that readings below 24 are typical for environments where false breakouts are frequent. Resistance levels appear at $66,500 and $66,921. A daily close above these points would be required to confirm upward momentum. Alternatively, losing support at $64,057 could bring the price down to $63,778 or even the June bottom near $56,000.

Mini dictionary: Exponential Moving Average (EMA) — a technical indicator that calculates the average price of an asset over a set period, giving more weight to recent prices. Traders use different EMA periods, such as the 50-day and 200-day, to identify short and long-term trends.

MetricValueLevel/TypeCurrent price$64,656Above 50-day EMA, below 200-day EMA50-day EMA$64,200Support200-day EMA$66,500ResistanceRSI53.5Neutral-slightly bullishADX14.2Weak trendKey resistance$66,500 / $66,921Breakout neededKey support$64,057 / $63,778 / $56,000Potential downside targetsZcash: Signs of Recovery, Golden Cross FormationIn contrast, Zcash (ZEC), a privacy-focused cryptocurrency, demonstrated technical signs of resilience. After dipping on its recent software upgrade—a typical sell-the-news reaction—buyers returned, pushing the price higher. ZEC reported a 2.95% daily gain, trading at $520.33 with a market capitalization of around $8.7 billion.

Zcash climbed rapidly from about $300 in April to a peak of almost $680 in June before retreating to roughly $480. Following this correction, ZEC bounced to $560 and held above its 50-day and 200-day EMAs, which now support a recovery narrative rather than a renewed decline. The recent move from $560 to $520 appears to be a pullback within the recovery trend.

Zcash currently trades well above its 50-day EMA at $504.15 and its 200-day EMA at $488.40, forming a golden cross—where the shorter-term average is above the longer one, considered bullish by technical traders. Technical indicators like an RSI of 56.8 and a turned-off Squeeze suggest steady upward movement, but an ADX of 13.4 signals that the trend lacks strong conviction.

Resistance is seen at $525, with further hurdles at $560 and $600, and the major April peak near $680. A confirmed break above $525 would reinforce the recovery case; otherwise, failure could send the price back toward the 50-day EMA or the $488.40 support zone.

Mini dictionary: Golden Cross — a bullish technical signal that occurs when a shorter-term moving average (often the 50-day) crosses above a longer-term moving average (such as the 200-day), suggesting upward momentum may continue.

MetricValueLevel/TypeCurrent price$520.33Above key averagesMarket cap$8.7 billion–24h gain2.95%Recovery attempt50-day EMA$504.15Support200-day EMA$488.40SupportRSI56.8Bullish (not overbought)ADX13.4Weak trendKey resistance$525 / $560 / $600Breakout levelsKey support$504.15 / $488.40 / $478.26Potential retest areasOutlook: Conviction Still Lacking for Both AssetsMarket observers suggest that both Bitcoin and Zcash have yet to establish confirmed trends. While Zcash appears to be in a more constructive technical position, caution remains warranted until critical resistance levels are convincingly surpassed. A strong move from either could influence broader sentiment in the cryptocurrency sector.

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.

Fed, Bond Yields Could Trigger CorrectionIn a podcast on Aug. 5, Cowen noted that the S&P 500’s advance to roughly 7,750 remains consistent with previous U.S. midterm election years, when equities continued setting records through August or September before entering a meaningful correction.

Cowen believes the stock market could remain bullish for several more weeks, but expects the risk of a correction to increase from mid-August through September.

He highlighted the Federal Reserve’s Sept. 16 meeting as a possible catalyst.

A hike could pressure risk assets by signaling that the previous easing cycle has ended.

However, keeping rates unchanged could also create volatility if inflation remains elevated and long-term Treasury yields continue climbing.

Continued strength in the U.S. dollar could create an additional headwind for stocks and cryptocurrencies later in the year.

Why It Matters For BitcoinCowen is primarily watching the S&P 500 to estimate when Bitcoin could establish its market-cycle bottom.

Bitcoin historically reached its final bear-market low during the second major equity correction of previous midterm years, he said.

In 2018, Bitcoin held support near $6,000 for most of the year. It only broke down after the stock market entered its second correction, eventually falling roughly 48% even though the S&P 500 traded only moderately below its earlier yearly low.

Cowen believes a similar, though potentially less volatile, structure could be developing in 2026.

A deeper S&P 500 decline could force Bitcoin to lose its support around $60,000 and establish a final cycle low later this year.

Next Bull Market Not Yet ConfirmedIn a separate podcast, analyst Trader Mayne similarly argued that crypto’s next bull market has not yet been confirmed, despite improving risk sentiment and record equity prices.

Bitcoin has remained inside an approximately $10,000 range for nearly two months and continues to test a descending trendline.

A decisive breakout could send BTC toward $67,000 to $70,000. However, Mayne wants to see a sustained high-timeframe close above those levels before treating the move as a genuine trend reversal.

Failure to break the downtrend could return Bitcoin to the range lows.

Even a 20% to 30% rally would not necessarily confirm that the bottom is in, Mayne said, because the move could still establish another lower high before a final decline.

He expects investors may receive additional opportunities to accumulate BTC during September and October, consistent with his interpretation of the four-year cycle.

Ethereum (CRYPTO: ETH) has swept recent lows and is displaying somewhat better relative strength than Bitcoin. Meanwhile, Solana (CRYPTO: SOL) remains near prices last seen in February and is sitting close to weekly demand.

The lack of sustained progress among major cryptocurrencies contrasts sharply with U.S. equities reaching record highs.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

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

To add Benzinga News as your preferred source on Google, click here.

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.

GM!

Today’s top news:

Crypto majors slightly green while stocks hit new ATHs; BTC +0.5% at $64.1k BTC ETF inflows reach $380M in first 2 sessions this week Justin Drake and others propose EIP-8361 to curb ETH inflation Cloudflare launched Cloudflare Wallets geared towards AI agent payments CASHCAT soars 40% to $96M leading broad Robinhood Chain rebound 🔮 Jim Cramer Is Selling His Bitcoin Over the Quantum Threat

CNBC host Jim Cramer said he’s selling his Bitcoin, this time over fears of quantum computing.

The decision came on air, after Cramer interviewed IBM CEO Arvind Krishna and asked whether quantum computers could eventually crack the cryptography protecting his coins. “I think that you should give yourself three or four years,” Krishna replied, “and at that point, I would get rather paranoid about it.” Cramer didn’t wait. “Arvind Krishna knows quantum incredibly. He knows Bitcoin and quantum. And I’m going to sell mine,” he said, adding that Ethereum might be “even worse.” Bitcoin rose about 1.6% the day he announced it.

Crypto traders greeted the news with open glee, invoking the “inverse Cramer” trade, the running joke that the reliable move is the opposite of whatever he recommends. “Thank you Jim!” read one top reply. Of course, Cramer has a history of selling the bottom. Cramer said he’d dumped all his crypto and wouldn’t touch it “in a million years” in December 2022 with Bitcoin near $16,800, and it gained more than 400% over the next three years.

But Cramer’s poor track record aside, the quantum threat is a very real one for crypto. AI was credited with the recent Coldcard exploit, which has passed $100M in losses. And it came after a string of DeFi hacks and exploits totalling well over $300M. The hard part to fathom—this is the worst these models are ever going to be.

With that said, the silver lining is a major security incident like the Coldcard one may be exactly what crypto teams needed to take the quantum threat seriously and begin taking action. Protocols like ZEC went on the offensive and used frontier AI to find exploit vectors in their own cryptography (and they found them, and patched them). ZEC sold off of course, but has since rebounded swiftly. Other protocols should follow their lead, and ASAP.

So Jim Cramer is right to be concerned. Will he end up selling the bottom for the 2nd cycle in a row? We will find out soon enough…

🌎 Macro Crypto and Markets Crypto majors are slightly green while stocks hit new ATHs; BTC +0.5% at $64.1k; ETH even at $1,868; SOL even at $73.70; HYPE +3% at $57 Top alt movers include PUMP (+13%), ZEC (+6%) and LIT (+3%) Oil -5% at $76.20; Gold +1.9% at $4,230 Stock futures are green again after making new ATHs on Tuesday; DOW +0.4%, Nasdaq +0.2% SpaceX topped Wall Street revenue forecasts but booked a $540M Bitcoin markdown, with its 18,712 BTC falling in value to $1.10B from $1.64B Justin Drake and five other researchers proposed EIP-8361 to curb Ethereum inflation, a "Tapered Issuance Burn" that would destroy a rising share of validator rewards as staking grows, cutting yield to about 1% at today's ~33% staked and to 0% once half of all ETH is staked Cloudflare launched Cloudflare Wallets, letting AI agents autonomously pay for APIs and content via x402 stablecoin micropayments within human-set spending guardrails Circle posted $701 million in Q2 revenue as USDC circulation grew 19% to $73.3 billion and adjusted EBITDA rose 8% to $143 million, with its Arc mainnet slated for September 16 (CRCL +5%) Ledger weighed in on the Coldcard exploit as AI reshapes wallet security, arguing the attack marks a turning point where AI-driven vulnerability hunting forces hardware makers to rethink how they audit and defend their firmware Wells Fargo will offer tokenized deposits for 24/7 corporate payments, joining JPMorgan and Citi in the race to move Wall Street’s settlement rails onchain Samsung is poised to become a dominant stablecoin distributor, according to analysts, with its wallet’s reach across hundreds of millions of devices positioning it as a major on-ramp for stablecoin payments BitGo’s WBTC moved to Chainlink, pushing the LayerZero-to-Chainlink tally near $15 billion Corporate Treasuries & ETFs

The Bitcoin ETFs saw $211M in net inflows on Tuesday; the ETH ETFs saw $53M in inflows Meme Coin Tracker

Meme leaders were mostly red; DOGE -1%, SHIB -3%, PEPE -2%, PENGU -1%, TRUMP -1%, BONK even Robinhood chain was very green led by Cashcat (+40% to $96M), Tendies (+38%) and Frong (+78%); PONS steady at $20M after releasing V2 Solana leaders included Cupsey (+58%), Stonk (+165%) and Kimchi (+90%); CATE fell another 40% to $18M, ANSEM -7% to $170M 💰 Token, Airdrop & Protocol Tracker Uniswap teased its new product "pools dot trade" launching today New Solana launchpad StonkFun caught momentum on Tuesday, as it pairs pre-IPO stocks with memecoins Proof of Play is winding down after failing to find a sustainable model, open-sourcing its code and freeing its Pirate Nation IP under CC0, while the PIRATE token lives on independently (PIRATE at $1M after reaching $100M+) The Eliza project founded by Shaw Walters is officially shutting down and winding down it foundation, turning the token and remaining treasury over to a group of holders 🚚 What is happening in NFTs? NFT leaders were slightly red; Punks -1% at 31.7 ETH, BAYC -1% at 8.33 ETH, Pudgy even at 3.87 ETH; Stonkbrokers -8% to 5.9 ETH Merry Men (+550%), pyo (+50%) and Zaibatsu (+15%) led top movers TokenWorks announced 30% buybacks for FWA using historical platform fees alongside the 80% go-forward buybacks, as the token went live for trading at 3 pm ET yesterday (FWA -20% to $7M) Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

SpaceX shares fell more than 8% in Wednesday morning trading after the company reported stronger than expected second quarter results, as concerns over its rapidly expanding artificial intelligence spending overshadowed growth across Starlink and its cloud computing business.

The stock traded near $114.60 late Wednesday morning, down approximately 8.6% for the session after falling as low as $109.41. The decline pushed SpaceX further below the $135 price set during its June initial public offering.

SpaceX reported $7.81 billion in second quarter revenue, an increase of 92% from the same period last year and above analyst estimates of roughly $6.8 billion. The company posted a net loss of $541 million, considerably narrower than the approximately $1.9 billion loss expected by analysts.

The stronger results marked SpaceX’s first quarterly report since becoming a publicly traded company. Shares initially fell about 7.5% in extended trading Tuesday before the selloff continued after markets opened Wednesday.

Advertisement

Investor attention centered on SpaceX’s capital expenditures, which reached $18.4 billion during the quarter. Of that amount, approximately $15.8 billion was directed toward artificial intelligence infrastructure, including data centers and Nvidia computing chips.

Quarterly capital spending increased from $10.1 billion in the first quarter and came in well above analyst expectations of approximately $13 billion. SpaceX executives also said spending would likely remain near second quarter levels during the next two quarters as the company expands AI computing capacity, Starship production and its next generation Starlink network.

The company remained deeply negative on free cash flow during the quarter as infrastructure spending outpaced cash generated by its operating businesses. SpaceX raised approximately $85.7 billion through its June public offering, with second quarter capital expenditures representing more than one fifth of those proceeds.

SpaceX said its AI business generated approximately $2.6 billion in quarterly revenue, more than triple the amount reported a year earlier, although the segment remained unprofitable on an operating basis.

Chief Financial Officer Bret Johnsen said new computing investments were producing payback periods of less than one year. SpaceX also signed another $6.7 billion in cloud computing agreements following the end of the quarter and expects its computing capacity to exceed two gigawatts by the end of 2026.

The company is seeking to position its AI infrastructure business as a new source of growth alongside Starlink, rather than relying entirely on satellite connectivity revenue to finance continued expansion.

However, investors remain concerned about whether revenue from the developing AI business will increase quickly enough to support the company’s spending plans. SpaceX said capital expenditures will remain elevated as it continues building terrestrial data centers while developing longer term plans for computing infrastructure in orbit.

The earnings report comes less than two months after SpaceX completed its public listing. The stock has already fallen below its initial offering price, with investors also preparing for the expiration of restrictions that currently prevent some early shareholders and insiders from selling their positions.

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

Bitcoin shook off a shaky start to the week, bouncing from sub-$62K levels on Monday to reclaim $64,300 by Wednesday morning. The catalyst, or at least the backdrop, was hard to miss: the S&P 500 punched above 7,050 to notch yet another all-time high.

The correlation between risk assets and crypto isn’t always reliable, but this week it showed up right on cue. When equities are printing fresh records, traders tend to rediscover their appetite for digital assets. When they’re not, well, we get Mondays like the one Bitcoin just had.

What the numbers look like Bitcoin was trading near $64,300 at the time of writing, up roughly 0.4% over the past 24 hours and the same over seven days. Not exactly fireworks, but context matters. Dropping below $62K early in the week had the usual suspects calling for deeper pullbacks.

Ethereum hovered just below $1,900, essentially flat on the day. Solana sat near $74 with a modest 0.2% gain. XRP slipped to $1.06, continuing its quiet slide away from headlines.

The real action came from lower-cap tokens riding the sentiment shift. Uniswap’s UNI token jumped 10% on Tuesday, while Zcash posted a 7% gain over the same stretch. DeFi as a category was the top-performing sector on a seven-day basis, though the actual weekly change was essentially flat, suggesting Tuesday’s pop was more of a recovery from earlier losses than a breakout.

Advertisement

The Fear and Greed Index, which tracks crypto market sentiment, read 27 at the time of writing. That’s firmly in “Fear” territory, barely budging from last week’s reading of 29. In English: prices went up a bit, but the broader market still feels like it’s checking under the bed for monsters.

The Burry factor Perhaps the most entertaining subplot this week involved Michael Burry, the investor made famous by “The Big Short” for betting against the 2008 housing market. Burry reportedly closed his latest bearish wager against the current equity rally at a 40% loss.

Look, there’s a reason “don’t fight the tape” is a cliche. It’s because it keeps being true. Burry’s track record on macro calls is genuinely impressive, but timing remains the hardest part of any trade. You can be right about the direction and still get carried out on a stretcher because you were early.

His loss is worth noting here because it underscores the broader market dynamic Bitcoin is navigating. The S&P 500 isn’t just going up. It’s going up in a way that’s punishing anyone positioned for a reversal. That kind of momentum has a gravitational pull on risk assets across the board, crypto included.

Bitcoin’s Monday dip below $62K and subsequent recovery looks a lot less random when you consider that equities were doing the same thing in reverse: briefly pausing, then resuming their climb higher. Crypto tends to follow stocks in these environments, with a slight delay and a lot more drama.

What this means for investors The disconnect between price action and sentiment is the most interesting thing on the board right now. Bitcoin is sitting above $64K, the S&P 500 is at record highs, and the Fear and Greed Index is still printing 27. That’s a number you’d normally associate with corrections, not rallies.

There are a few ways to read this. The optimistic take is that fearful sentiment amid rising prices is textbook “wall of worry” behavior, the kind of setup that historically precedes further upside. When everyone is scared but prices keep climbing, it often means there’s sidelined capital waiting to deploy.

The cautious take is that the fear is justified. Bitcoin’s 7-day performance is essentially flat despite the bounce. Ethereum can’t hold $1,900. XRP is drifting. The bounce in UNI and ZEC on Tuesday was notable, but single-day moves in lower-cap tokens don’t constitute a trend.

Here’s the thing. Bitcoin’s correlation with traditional equities has been inconsistent over the past year, but it tends to tighten during moments of extreme sentiment in either direction. With the S&P 500 at all-time highs and the VIX presumably subdued, the question is whether crypto can sustain this bounce without its own fundamental catalyst, or whether it’s just borrowing conviction from stocks.

Traders should watch the $62K level as near-term support. Monday’s dip tested it and held. A second test with less buying interest would look considerably worse. On the upside, $65K has acted as a resistance zone in recent sessions, and a clean break above it on volume would shift the short-term picture meaningfully.

The DeFi sector’s flat weekly performance despite Tuesday’s spike suggests rotational interest rather than broad-based conviction. If that changes, and tokens like UNI can hold their gains for more than a day, it could signal the kind of risk-on shift that tends to precede bigger moves in the majors. For now, the market is bouncing, sentiment is scared, and Michael Burry is down 40%. Make of that what you will.

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

Unitree Robotics' online IPO new share subscription has an allotment rate of only 0.03%; holding over 16 million yuan in relevant positions is roughly required to secure one lot.

Estimated in line with Shanghai Stock Exchange (SSE) STAR Market conventions, the online subscription winning rate for Unitree Technology’s August 10 initial public offering (IPO) is likely around 0.03%, roughly one-tenth of the rate for previously hot stock Changxin Technology, which had a 0.47% winning rate. Of the approximately 40.4464 million shares planned for public offering, only about 6.47 million will be allocated to the initial online subscription tranche. Per the rule that one subscription lot is assigned for every RMB 5,000 in SSE market value, investors holding over RMB 16 million in SSE positions would roughly need that amount to secure one winning lot. Unitree founder Wang Xingxing holds a 31.29% stake. External shareholders include Meituan-affiliated entities (9.65%), Sequoia China (7.11%), Matrix Partners China (5.45%), Xiaomi-backed Shunwei Capital (4.425%), CITIC Securities (4.49%), Alibaba, Tencent, and ByteDance, which hold stakes of 0.673%, 0.596%, and 0.596% respectively. Beijing Robot Industry Development Investment Fund holds 3.83%, Shenzhen Venture Capital-related entities hold around 2.55%, and China Internet Investment Fund holds 2.11%. Unitree posted 1.699 billion yuan in revenue and 591 million yuan in non-recurring net profit for 2025.

9 minutes ago

Unitree Robotics' estimated profit per successful IPO subscription is nearly 200,000 yuan, with IPO subscription opening on August 10.

On Trade.xyz, Unitree’s pre-IPO perpetual contract is quoted at $68.2, equivalent to approximately 460 yuan. This translates to a post-listing market cap of around $27.9 billion, or roughly 190.6 billion yuan. Based on the IPO prospectus, the target offering valuation is about 42 billion yuan, which is expected to deliver a 4.5x return for new investors after the stock opens for trading. Unitree plans to issue approximately 40.45 million shares for its Shanghai Stock Exchange STAR Market IPO, accounting for 10% of the total share capital post-issuance. The IPO prospectus sets a target offering valuation of 42 billion yuan; the 40.45 million shares correspond to an offering market cap of 4.2 billion yuan, with an estimated share price of around 104 yuan (the final price will be determined via bookbuilding and may be adjusted). Each lot consists of 500 shares, with an estimated subscription payment of about 52,000 yuan per successful lot. Calculated based on Trade.xyz’s pricing, the opening would yield a 4.5x return, meaning each 500-share lot is worth 234,000 yuan, translating to a profit of approximately 182,000 yuan after deducting subscription payments.

9 minutes ago

MicroStrategy officially announced its ambition: aiming to become the world's most valuable company, with Michael Saylor urging "Think ₿igger"

Strategy has released a video titled "Strategy's Ambition is to be the World's Largest Company In terms of market cap", stating its goal to become the world's largest company by market cap by holding the most capital (BTC), issuing the strongest credit (STRC), and creating the best equity (MSTR). Founder Michael Saylor remarked, "Think ?igger." Strategy plans to issue STRC to support its digital credit business, which will help generate higher-quality MSTR equity. This equity, in turn, will enhance the company’s ability to accumulate more BTC, forming a triple flywheel that continuously increases the number of BTC per share. Its core targets include achieving a 30% BTC annualized rate of return (ARR), selling digital credit equivalent to 10-20% of its BTC reserves annually, and doubling its Bitcoin Per Share (BPS) metric within 7 years through its digital credit operations.

9 minutes ago

Strategy has expressed its ambition to become the world's largest company by market capitalization.

Strategy has released a video titled "Strategy's Ambition is to be the World's Largest Company In Terms of Market Cap", outlining its goal to become the world’s largest firm by market capitalization through three core pillars: holding the most capital (Bitcoin, BTC), issuing the strongest credit instrument (STRC), and creating the best equity (MSTR). Founder Michael Saylor emphasized: "Think ?igger." The company plans to issue STRC to back its digital credit business, which will help generate stronger MSTR equity—enhancing Strategy’s ability to accumulate more BTC and ultimately drive a continuous increase in the number of bitcoins per share.

9 minutes ago

Coinbase Releases Q2 Solana Validator Performance Report: Its APY outperformed the overall network by 14 basis points, and its block skip rate was only one-quarter of the network average.

Coinbase released its Q2 2026 Solana Validator Performance Report, disclosing key metrics for its Solana staking operations. As of the end of Q2, Coinbase staked a total of 41.63 million SOL across 23 validators in 7 countries, accounting for 9.72% of the network’s total staked SOL. In terms of yield performance, Coinbase’s validators posted an annualized yield of 6.52%, outperforming the network average of 6.38% by roughly 14 basis points. Its reliability metrics were even more impressive: the block skip rate stood at just 0.035%, approximately a quarter of the network average of 0.136%, meaning it missed around 75% fewer blocks than the average validator. Coinbase attributed this strong performance to its use of only Solana Foundation-audited client software and its avoidance of aggressive MEV timing strategies that harm end users. On the infrastructure and security front, Coinbase disclosed several technical details: its client strategy covers four options—Harmonic, Jito, JitoBAM, and Firedancer—all 100% audited by the Solana Foundation; for security, it has deployed a dual-signature protection mechanism and near-zero downtime deployment protocols. Looking ahead, the entire validator cluster has been integrated into the DoubleZero network, with a session uptime of approximately 99.9%, and is prepared for the Alpenglow mainnet upgrade in the second half of the year.

9 minutes ago

Coinbase will suspend trading of six trading pairs, including LSETH-ETH and MINA-EUR.

Coinbase has announced it will suspend trading for six non-U.S. dollar trading pairs on August 6. The affected pairs are LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. The platform stated that the suspension only impacts these non-USD denominated trading pairs, adding that eligible Coinbase Advanced Trade users in supported regions can still trade these assets via USD order books.

9 minutes ago

Fundstrat cofounder Tom Lee has warned that quantum computers might compromise the security of Bitcoin as soon as 2028 or 2029. Lee cited recent research from Google, claiming advancements in quantum technology could soon render Bitcoin’s existing protections obsolete, and cautioned that the crypto sector currently does not have a unified mitigation strategy.

Ethereum and Solana seen as less vulnerableLee also suggested that networks such as Ethereum and Solana may face lower risks from emerging quantum threats. He stated that their protocols offer stronger protection compared to Bitcoin’s, although he did not elaborate on specific security features in his brief remarks. Ethereum and Solana are both popular blockchain platforms supporting smart contracts and decentralized applications.

However, his statements drew immediate attention from Adam Back, the creator of Hashcash and a prominent figure in Bitcoin’s early development. Back challenged Lee’s assessment, emphasizing that Bitcoin does not use traditional encryption for transaction processing.

Adam Back pointed out that Bitcoin protects coin ownership with ECDSA-based digital signatures, and seed phrases are secured by an exceptionally high level of entropy, making them effectively immune to brute-force attacks even by quantum computers.

These digital signatures are cryptographic methods used to authenticate and secure transactions, rather than encrypt data. The security of Bitcoin wallets relies on the computational difficulty of deriving a private key from its corresponding public key.

Mini dictionary: ECDSA (Elliptic Curve Digital Signature Algorithm) is a cryptographic technique widely used in blockchain networks to ensure transaction authenticity without revealing private keys. Its security is based on the difficulty of solving certain mathematical problems efficiently, which quantum computers may potentially address with future advancements.

Focus on legacy addresses and public key exposureThe genuine quantum threat to Bitcoin centers on a subset of coins held in older wallet addresses, where public keys have already been exposed on the blockchain. Analysts believe around 7 million BTC, or approximately 30%–35% of the total supply, reside in such addresses that have either been reused or have remained dormant for years.

If a sufficiently powerful quantum computer using Shor’s algorithm were built, attackers could theoretically derive the private keys associated with these exposed public keys and seize control of the funds. Shor’s algorithm is anticipated to solve certain cryptographic problems exponentially faster than classical computers.

However, there are currently no quantum computers capable of mounting this kind of attack. The threat remains theoretical, and Bitcoin developers have been researching post-quantum cryptographic solutions for several years with the goal of upgrading the protocol well before practical quantum threats emerge.

Potential network responses and the BIP-361 debateIn the event quantum threats become imminent, Bitcoin could implement a hard fork to integrate quantum-resistant signature schemes. Moving coins from exposed addresses to safer ones would be possible for active holders. However, assets in lost wallets or long-inactive addresses—including the approximately one million BTC attributed to Satoshi Nakamoto—are unlikely to be secured by their original owners.

The network faces a difficult choice: freeze nearly a third of all Bitcoin through the contested BIP-361 proposal, or risk leaving these dormant coins vulnerable to potential quantum attacks.

BIP-361 is a controversial proposal that would allow the network to freeze coins at risk of quantum theft. If enacted, it would mark an unprecedented intervention, pitting the preservation of network integrity against long-standing principles of immutability and decentralization.

MeasureQuantum ThreatNetwork ResponseLegacy addresses (public key exposed)High risk (approx. 7 million BTC vulnerable)BIP-361 freeze or move to new addressesModern addresses (public key not disclosed)Low risk (quantum attack theoretical)Monitor and implement post-quantum upgradesDisclaimer: 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.

Galaxy Research has revealed that at least 15 different attackers are actively exploiting a critical vulnerability in certain Coldcard hardware wallets, leading to losses exceeding $130 million in Bitcoin. The attack has compromised over 7,300 wallets, and security experts warn that ongoing risks remain as the vulnerability continues to be exploited.

Scope and method of the attackColdcard, a hardware wallet designed by Coinkite for securely storing Bitcoin, faced a firmware flaw that weakened the generation of wallet private keys. According to researchers, the vulnerability allowed attackers to identify and target exposed wallet addresses, identifiable on Bitcoin’s public blockchain. Hackers then used brute-force methods to reconstruct private keys and access funds.

The primary cause was identified as a software bug in certain Coldcard firmware versions. Instead of generating wallet seeds using a true random number generator, the affected firmware relied on MicroPython’s software fallback, significantly reducing the entropy of the created seed phrases.

Because the vulnerability became well-known, any attacker with sufficient technical skill could exploit the issue, further widening the threat. Victims span both recent and long-term Bitcoin holders, with some users potentially unaware their wallets remain compromised.

Mini dictionary: Entropy, in cryptography, refers to the randomness and unpredictability necessary for secure cryptographic processes. Higher entropy means stronger, more secure keys, while reduced entropy makes keys easier for attackers to guess or brute-force.

Coldcard device models and impactCoinkite estimated that Coldcard Mk2 and Mk3 devices delivered only 40 bits of entropy for seed generation, far below the 128-bit industry target. The newer Coldcard Mk4 model reportedly improved this to 72 bits, yet this also remains under the company’s expected security threshold.

Coldcard ModelReported EntropyCompany Security TargetMk2 / Mk340 bits128 bitsMk472 bits128 bitsDue to these vulnerabilities, attackers were able to target thousands of wallets and drain substantial amounts of Bitcoin. Galaxy Research has received reports from dozens of victims, but the actual number of affected wallets may be considerably higher.

Coinkite’s response and ongoing threatCoinkite’s co-founder Rodolfo Novak publicly apologized for the firmware bug, acknowledging the company’s responsibility and informing users about hotfixes that have been released for every affected wallet model and firmware version. On July 31, Novak addressed Coldcard users directly, reaffirming their commitment to resolving the issue.

Rodolfo Novak stated that Coinkite takes full accountability for the firmware bug and has issued urgent updates, but he warned that “the threat is still active” for users who have not yet migrated their Bitcoin to new, unaffected wallets.

Users who generated seeds on exposed firmware versions are urged to move their funds immediately, as vulnerable wallets remain visible and accessible to potential attackers on the blockchain. The identity of the attacker or attackers remains unknown as of now.

Future precautions for usersExperts stress the importance of generating wallet seeds only on secure and updated hardware to minimize risk. Galaxy Research and Coinkite both recommend that any Bitcoin held in affected wallets should be promptly transferred to new, secure wallets generated by devices with the latest firmware updates.

Coldcard users face continued risk until funds are transferred to wallets with seeds generated by secure, patched firmware.

As the issue remains active and technically accessible, users who delay action may continue to be exposed to theft attempts. Coinkite and wallet security researchers encourage vigilance and swift action to mitigate ongoing exposure.

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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Unitree Robotics' online IPO new share subscription has an allotment rate of only 0.03%; holding over 16 million yuan in relevant positions is roughly required to secure one lot.

Estimated in line with Shanghai Stock Exchange (SSE) STAR Market conventions, the online subscription winning rate for Unitree Technology’s August 10 initial public offering (IPO) is likely around 0.03%, roughly one-tenth of the rate for previously hot stock Changxin Technology, which had a 0.47% winning rate. Of the approximately 40.4464 million shares planned for public offering, only about 6.47 million will be allocated to the initial online subscription tranche. Per the rule that one subscription lot is assigned for every RMB 5,000 in SSE market value, investors holding over RMB 16 million in SSE positions would roughly need that amount to secure one winning lot. Unitree founder Wang Xingxing holds a 31.29% stake. External shareholders include Meituan-affiliated entities (9.65%), Sequoia China (7.11%), Matrix Partners China (5.45%), Xiaomi-backed Shunwei Capital (4.425%), CITIC Securities (4.49%), Alibaba, Tencent, and ByteDance, which hold stakes of 0.673%, 0.596%, and 0.596% respectively. Beijing Robot Industry Development Investment Fund holds 3.83%, Shenzhen Venture Capital-related entities hold around 2.55%, and China Internet Investment Fund holds 2.11%. Unitree posted 1.699 billion yuan in revenue and 591 million yuan in non-recurring net profit for 2025.

9 minutes ago

Unitree Robotics' estimated profit per successful IPO subscription is nearly 200,000 yuan, with IPO subscription opening on August 10.

On Trade.xyz, Unitree’s pre-IPO perpetual contract is quoted at $68.2, equivalent to approximately 460 yuan. This translates to a post-listing market cap of around $27.9 billion, or roughly 190.6 billion yuan. Based on the IPO prospectus, the target offering valuation is about 42 billion yuan, which is expected to deliver a 4.5x return for new investors after the stock opens for trading. Unitree plans to issue approximately 40.45 million shares for its Shanghai Stock Exchange STAR Market IPO, accounting for 10% of the total share capital post-issuance. The IPO prospectus sets a target offering valuation of 42 billion yuan; the 40.45 million shares correspond to an offering market cap of 4.2 billion yuan, with an estimated share price of around 104 yuan (the final price will be determined via bookbuilding and may be adjusted). Each lot consists of 500 shares, with an estimated subscription payment of about 52,000 yuan per successful lot. Calculated based on Trade.xyz’s pricing, the opening would yield a 4.5x return, meaning each 500-share lot is worth 234,000 yuan, translating to a profit of approximately 182,000 yuan after deducting subscription payments.

9 minutes ago

MicroStrategy officially announced its ambition: aiming to become the world's most valuable company, with Michael Saylor urging "Think ₿igger"

Strategy has released a video titled "Strategy's Ambition is to be the World's Largest Company In terms of market cap", stating its goal to become the world's largest company by market cap by holding the most capital (BTC), issuing the strongest credit (STRC), and creating the best equity (MSTR). Founder Michael Saylor remarked, "Think ?igger." Strategy plans to issue STRC to support its digital credit business, which will help generate higher-quality MSTR equity. This equity, in turn, will enhance the company’s ability to accumulate more BTC, forming a triple flywheel that continuously increases the number of BTC per share. Its core targets include achieving a 30% BTC annualized rate of return (ARR), selling digital credit equivalent to 10-20% of its BTC reserves annually, and doubling its Bitcoin Per Share (BPS) metric within 7 years through its digital credit operations.

9 minutes ago

Coinbase Releases Q2 Solana Validator Performance Report: Its APY outperformed the overall network by 14 basis points, and its block skip rate was only one-quarter of the network average.

Coinbase released its Q2 2026 Solana Validator Performance Report, disclosing key metrics for its Solana staking operations. As of the end of Q2, Coinbase staked a total of 41.63 million SOL across 23 validators in 7 countries, accounting for 9.72% of the network’s total staked SOL. In terms of yield performance, Coinbase’s validators posted an annualized yield of 6.52%, outperforming the network average of 6.38% by roughly 14 basis points. Its reliability metrics were even more impressive: the block skip rate stood at just 0.035%, approximately a quarter of the network average of 0.136%, meaning it missed around 75% fewer blocks than the average validator. Coinbase attributed this strong performance to its use of only Solana Foundation-audited client software and its avoidance of aggressive MEV timing strategies that harm end users. On the infrastructure and security front, Coinbase disclosed several technical details: its client strategy covers four options—Harmonic, Jito, JitoBAM, and Firedancer—all 100% audited by the Solana Foundation; for security, it has deployed a dual-signature protection mechanism and near-zero downtime deployment protocols. Looking ahead, the entire validator cluster has been integrated into the DoubleZero network, with a session uptime of approximately 99.9%, and is prepared for the Alpenglow mainnet upgrade in the second half of the year.

9 minutes ago

Coinbase will suspend trading of six trading pairs, including LSETH-ETH and MINA-EUR.

Coinbase has announced it will suspend trading for six non-U.S. dollar trading pairs on August 6. The affected pairs are LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. The platform stated that the suspension only impacts these non-USD denominated trading pairs, adding that eligible Coinbase Advanced Trade users in supported regions can still trade these assets via USD order books.

9 minutes ago

Google AI core figure Jeff Dean announces his departure, with Google shares plunging 3% in short-term trading.

Jeff Dean, one of Google’s earliest employees and a core figure who has overseen the company’s AI strategy design for the past 15 years, is leaving to launch an AI startup focused on scientific discovery. Dean joined Google in 1999 as its 30th employee. He will serve as CEO of the new non-profit entity Discovery Loop, which aims to accelerate technological progress by automating complex, multi-step scientific and engineering tasks. Joining Dean in the venture are fellow senior Google staff members Oriol Vinyals, Quoc Le, and Sanjay Ghemawat. The four have together driven major advances in mathematics and protein structure research, and rank among the most highly cited researchers globally. The departure of these talents, including Dean, further fuels Google’s recent trend of AI talent exodus. According to market data from BIT (bit.com), Google’s stock plunged 3% in the short term.

9 minutes ago

Unitree Robotics' online IPO new share subscription has an allotment rate of only 0.03%; holding over 16 million yuan in relevant positions is roughly required to secure one lot.

Estimated in line with Shanghai Stock Exchange (SSE) STAR Market conventions, the online subscription winning rate for Unitree Technology’s August 10 initial public offering (IPO) is likely around 0.03%, roughly one-tenth of the rate for previously hot stock Changxin Technology, which had a 0.47% winning rate. Of the approximately 40.4464 million shares planned for public offering, only about 6.47 million will be allocated to the initial online subscription tranche. Per the rule that one subscription lot is assigned for every RMB 5,000 in SSE market value, investors holding over RMB 16 million in SSE positions would roughly need that amount to secure one winning lot. Unitree founder Wang Xingxing holds a 31.29% stake. External shareholders include Meituan-affiliated entities (9.65%), Sequoia China (7.11%), Matrix Partners China (5.45%), Xiaomi-backed Shunwei Capital (4.425%), CITIC Securities (4.49%), Alibaba, Tencent, and ByteDance, which hold stakes of 0.673%, 0.596%, and 0.596% respectively. Beijing Robot Industry Development Investment Fund holds 3.83%, Shenzhen Venture Capital-related entities hold around 2.55%, and China Internet Investment Fund holds 2.11%. Unitree posted 1.699 billion yuan in revenue and 591 million yuan in non-recurring net profit for 2025.

9 minutes ago

Unitree Robotics' estimated profit per successful IPO subscription is nearly 200,000 yuan, with IPO subscription opening on August 10.

On Trade.xyz, Unitree’s pre-IPO perpetual contract is quoted at $68.2, equivalent to approximately 460 yuan. This translates to a post-listing market cap of around $27.9 billion, or roughly 190.6 billion yuan. Based on the IPO prospectus, the target offering valuation is about 42 billion yuan, which is expected to deliver a 4.5x return for new investors after the stock opens for trading. Unitree plans to issue approximately 40.45 million shares for its Shanghai Stock Exchange STAR Market IPO, accounting for 10% of the total share capital post-issuance. The IPO prospectus sets a target offering valuation of 42 billion yuan; the 40.45 million shares correspond to an offering market cap of 4.2 billion yuan, with an estimated share price of around 104 yuan (the final price will be determined via bookbuilding and may be adjusted). Each lot consists of 500 shares, with an estimated subscription payment of about 52,000 yuan per successful lot. Calculated based on Trade.xyz’s pricing, the opening would yield a 4.5x return, meaning each 500-share lot is worth 234,000 yuan, translating to a profit of approximately 182,000 yuan after deducting subscription payments.

9 minutes ago

Strategy has expressed its ambition to become the world's largest company by market capitalization.

Strategy has released a video titled "Strategy's Ambition is to be the World's Largest Company In Terms of Market Cap", outlining its goal to become the world’s largest firm by market capitalization through three core pillars: holding the most capital (Bitcoin, BTC), issuing the strongest credit instrument (STRC), and creating the best equity (MSTR). Founder Michael Saylor emphasized: "Think ?igger." The company plans to issue STRC to back its digital credit business, which will help generate stronger MSTR equity—enhancing Strategy’s ability to accumulate more BTC and ultimately drive a continuous increase in the number of bitcoins per share.

9 minutes ago

Coinbase Releases Q2 Solana Validator Performance Report: Its APY outperformed the overall network by 14 basis points, and its block skip rate was only one-quarter of the network average.

Coinbase released its Q2 2026 Solana Validator Performance Report, disclosing key metrics for its Solana staking operations. As of the end of Q2, Coinbase staked a total of 41.63 million SOL across 23 validators in 7 countries, accounting for 9.72% of the network’s total staked SOL. In terms of yield performance, Coinbase’s validators posted an annualized yield of 6.52%, outperforming the network average of 6.38% by roughly 14 basis points. Its reliability metrics were even more impressive: the block skip rate stood at just 0.035%, approximately a quarter of the network average of 0.136%, meaning it missed around 75% fewer blocks than the average validator. Coinbase attributed this strong performance to its use of only Solana Foundation-audited client software and its avoidance of aggressive MEV timing strategies that harm end users. On the infrastructure and security front, Coinbase disclosed several technical details: its client strategy covers four options—Harmonic, Jito, JitoBAM, and Firedancer—all 100% audited by the Solana Foundation; for security, it has deployed a dual-signature protection mechanism and near-zero downtime deployment protocols. Looking ahead, the entire validator cluster has been integrated into the DoubleZero network, with a session uptime of approximately 99.9%, and is prepared for the Alpenglow mainnet upgrade in the second half of the year.

9 minutes ago

Coinbase will suspend trading of six trading pairs, including LSETH-ETH and MINA-EUR.

Coinbase has announced it will suspend trading for six non-U.S. dollar trading pairs on August 6. The affected pairs are LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. The platform stated that the suspension only impacts these non-USD denominated trading pairs, adding that eligible Coinbase Advanced Trade users in supported regions can still trade these assets via USD order books.

9 minutes ago

Google AI core figure Jeff Dean announces his departure, with Google shares plunging 3% in short-term trading.

Jeff Dean, one of Google’s earliest employees and a core figure who has overseen the company’s AI strategy design for the past 15 years, is leaving to launch an AI startup focused on scientific discovery. Dean joined Google in 1999 as its 30th employee. He will serve as CEO of the new non-profit entity Discovery Loop, which aims to accelerate technological progress by automating complex, multi-step scientific and engineering tasks. Joining Dean in the venture are fellow senior Google staff members Oriol Vinyals, Quoc Le, and Sanjay Ghemawat. The four have together driven major advances in mathematics and protein structure research, and rank among the most highly cited researchers globally. The departure of these talents, including Dean, further fuels Google’s recent trend of AI talent exodus. According to market data from BIT (bit.com), Google’s stock plunged 3% in the short term.

9 minutes ago

Bitcoin stayed wedged at $64,000 on Wednesday’s Wall Street open as gold hit six-week highs.

Key points:

Gold analysis eyes Chinese demand as the precious metal hits its highest levels in six weeks.Bitcoin (BTC) sees a second day of lackluster performance against US stocks as the S&P 500 index builds on all-time highs.China in spotlight as gold rebounds past $4,200Data from TradingView showed continued BTC price inertia contrasting with upside for both precious metals and US equities.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Gold gained 2.8% on the day to hit $4,213 per ounce, its highest levels since June 22. Chinese appetite spurred the upside, with Bloomberg reporting 14 consecutive days of inflows for domestic gold-backed exchange-traded funds (ETFs).

China gold ETF inflows data. Source: Bloomberg

These products saw their worst month of outflows on record in June per data from the World Gold Council. The year-to-date inflows to Chinese ETFs fell to 40 billion yuan ($5.6 billion). However, this is still the second-best H1 performance on record.

“Demand for gold ETFs stayed robust amid growing geopolitical and economic uncertainties, while the PBoC’s non-stop gold purchases continued to provide a supportive backdrop for sentiment. Institutional investor participation in Chinese gold ETFs has also risen, supporting demand for these products,” it commented, referencing China’s central bank gold purchases of 82 tonnes over the 20 months through June.

Elsewhere, US stocks were toggling between red and green while the S&P 500 index (SPX) touched a record high above 7,793 before pulling back at last look in early afternoon trading.

S&P 500 one-day chart. Source: Cointelegraph/TradingView

Bloomberg ETF analyst Eric Balchunas noted that 66% of S&P 500 stocks were now above their 50-day moving average, with 57% beating the index’s standard benchmark tracker.

Bitcoin lacks impetus for recovery, analysis showsAs on the previous day, Bitcoin failed to keep up with the broader risk-asset optimism seen in equities. 

$64,000 remains a focus on low time frames, and market participants retained prior assumptions about the future of the current bear market.

“As long as the orange support here produces weaker rallies, price will keep forming Lower Highs to produce an eventual breakdown deeper into the $58000-$66000 Range (blue-blue),” trader and analyst Rekt Capital told X followers in comments on the weekly BTC/USD chart.

In research published on Tuesday, onchain analytics platform CryptoQuant highlighted three prerequisites for a durable BTC price rebound to emerge. In addition to sustained inflows to the US spot Bitcoin ETFs, the market needed US bond yields to cool, along with the absence of expected interest-rate hikes by the Federal Reserve.

The Coinbase Premium — the difference in price between Coinbase’s and Binance’s BTC/USDT pairs — also needed to return to positive territory, CryptoQuant wrote, reiterating analysis from June. As Cointelegraph reported recently, the metric has been negative for nearly 80 days.

This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Table of contents

BlackRock’s spot Bitcoin ETF vacuumed up $170 million of the $211 million in net inflows that U.S. spot Bitcoin funds recorded on August 4, leaving competitors to split the rest. Data from SoSoValue, tracked by the original report, shows IBIT dominated once again. On the same day, spot Ethereum ETFs pulled in $53.7 million, with BlackRock’s ETHA collecting $42.5 million of that total. The concentration underscores how the world’s largest asset manager has become the gravitational center of crypto ETF flows.

The numbers arrived during a stretch of uneven price action, yet the direction of capital suggests institutional allocators are not backing away. Whether these inflows represent dip-buying or a steady drip of long-term positioning, the pattern of BlackRock pulling in the vast majority of new money has held for months. It reflects both the firm’s distribution machinery and the comfort that registered investment advisors and family offices find in the BlackRock wrapper.

BlackRock’s ETF Grip Tightens IBIT’s $170 million haul on August 4 was roughly 80% of all net inflows across spot Bitcoin ETFs. The remaining $41 million scattered across competing products signals that while demand exists, it is not evenly distributed. This level of concentration carries implications for market structure. In a fragmented issuer landscape, BlackRock effectively sets the price discovery tempo for a significant chunk of institutional flows. That gives the firm outsize influence over how new Bitcoin exposure enters the regulated market.

For traders watching flow data for directional signals, BlackRock’s dominance means IBIT activity alone can often tell the story of net institutional conviction on any given day. A $170 million single-day inflow is not a record, but it fits a pattern where flows cluster around moments of perceived relative value, even when headlines are noisy.

Ethereum ETFs Gain Traction Spot Ethereum ETFs haven’t yet matched the scale of their Bitcoin counterparts, but the $53.7 million inflow on August 4 was a respectable showing. BlackRock again led with ETHA, suggesting the same institutional preference extends across asset classes. While Ethereum products have seen more muted launches, the network’s underlying fundamentals remain strong. Developer activity on Ethereum consistently ranks near the top of weekly tallies, alongside Solana and BNB Chain, as shown in Top 10 Blockchains by Developer Activity This Week.

The Ethereum flow data also arrives as tokenized real-world assets cross $20 billion on-chain and major firms make billion-dollar infrastructure bets, a trend examined in Weekly Tokenization Roundup: Bullish Buys Equiniti for $4.2B, Ondo Settles With JPMorgan, RWA Crosses $20B. The concurrent demand for both Bitcoin and Ethereum ETFs fits a broader picture where regulated wrappers are absorbing capital that once might have flowed directly into spot markets or private funds.

Market Structure and Regulatory Overhang ETF flows have become a real-time sentiment gauge, but they also introduce new structural dependencies. Heavy concentration in a single issuer creates a potential choke point if operational or regulatory issues arise. BlackRock’s track record mitigates that concern, but the market is still young enough that risk managers are paying attention.

Regulation remains the wildcard. The crypto industry is watching Washington closely, where a landmark crypto bill is facing last-minute pushback from the banking sector days before a Senate vote. The outcome of that legislative fight, covered in Banks Are Trying to Kill the Biggest Crypto Bill in US History Four Days Before the Senate Vote, could reshape the framework under which spot ETFs operate. Clarity or conflict will feed directly into flow patterns.

What remains uncertain is whether these inflow days signal a durable shift or episodic positioning. The macro backdrop—particularly interest rate expectations and equity market direction—will determine if the August 4 numbers become a trend or just a data point. For now, BlackRock is capturing the bulk of the institutional crypto allocation, and no competitor appears close to changing that.

AUTHOR

Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.

Unitree Robotics' online IPO new share subscription has an allotment rate of only 0.03%; holding over 16 million yuan in relevant positions is roughly required to secure one lot.

Estimated in line with Shanghai Stock Exchange (SSE) STAR Market conventions, the online subscription winning rate for Unitree Technology’s August 10 initial public offering (IPO) is likely around 0.03%, roughly one-tenth of the rate for previously hot stock Changxin Technology, which had a 0.47% winning rate. Of the approximately 40.4464 million shares planned for public offering, only about 6.47 million will be allocated to the initial online subscription tranche. Per the rule that one subscription lot is assigned for every RMB 5,000 in SSE market value, investors holding over RMB 16 million in SSE positions would roughly need that amount to secure one winning lot. Unitree founder Wang Xingxing holds a 31.29% stake. External shareholders include Meituan-affiliated entities (9.65%), Sequoia China (7.11%), Matrix Partners China (5.45%), Xiaomi-backed Shunwei Capital (4.425%), CITIC Securities (4.49%), Alibaba, Tencent, and ByteDance, which hold stakes of 0.673%, 0.596%, and 0.596% respectively. Beijing Robot Industry Development Investment Fund holds 3.83%, Shenzhen Venture Capital-related entities hold around 2.55%, and China Internet Investment Fund holds 2.11%. Unitree posted 1.699 billion yuan in revenue and 591 million yuan in non-recurring net profit for 2025.

8 minutes ago

Unitree Robotics' estimated profit per successful IPO subscription is nearly 200,000 yuan, with IPO subscription opening on August 10.

On Trade.xyz, Unitree’s pre-IPO perpetual contract is quoted at $68.2, equivalent to approximately 460 yuan. This translates to a post-listing market cap of around $27.9 billion, or roughly 190.6 billion yuan. Based on the IPO prospectus, the target offering valuation is about 42 billion yuan, which is expected to deliver a 4.5x return for new investors after the stock opens for trading. Unitree plans to issue approximately 40.45 million shares for its Shanghai Stock Exchange STAR Market IPO, accounting for 10% of the total share capital post-issuance. The IPO prospectus sets a target offering valuation of 42 billion yuan; the 40.45 million shares correspond to an offering market cap of 4.2 billion yuan, with an estimated share price of around 104 yuan (the final price will be determined via bookbuilding and may be adjusted). Each lot consists of 500 shares, with an estimated subscription payment of about 52,000 yuan per successful lot. Calculated based on Trade.xyz’s pricing, the opening would yield a 4.5x return, meaning each 500-share lot is worth 234,000 yuan, translating to a profit of approximately 182,000 yuan after deducting subscription payments.

8 minutes ago

MicroStrategy officially announced its ambition: aiming to become the world's most valuable company, with Michael Saylor urging "Think ₿igger"

Strategy has released a video titled "Strategy's Ambition is to be the World's Largest Company In terms of market cap", stating its goal to become the world's largest company by market cap by holding the most capital (BTC), issuing the strongest credit (STRC), and creating the best equity (MSTR). Founder Michael Saylor remarked, "Think ?igger." Strategy plans to issue STRC to support its digital credit business, which will help generate higher-quality MSTR equity. This equity, in turn, will enhance the company’s ability to accumulate more BTC, forming a triple flywheel that continuously increases the number of BTC per share. Its core targets include achieving a 30% BTC annualized rate of return (ARR), selling digital credit equivalent to 10-20% of its BTC reserves annually, and doubling its Bitcoin Per Share (BPS) metric within 7 years through its digital credit operations.

8 minutes ago

Strategy has expressed its ambition to become the world's largest company by market capitalization.

Strategy has released a video titled "Strategy's Ambition is to be the World's Largest Company In Terms of Market Cap", outlining its goal to become the world’s largest firm by market capitalization through three core pillars: holding the most capital (Bitcoin, BTC), issuing the strongest credit instrument (STRC), and creating the best equity (MSTR). Founder Michael Saylor emphasized: "Think ?igger." The company plans to issue STRC to back its digital credit business, which will help generate stronger MSTR equity—enhancing Strategy’s ability to accumulate more BTC and ultimately drive a continuous increase in the number of bitcoins per share.

8 minutes ago

Coinbase Releases Q2 Solana Validator Performance Report: Its APY outperformed the overall network by 14 basis points, and its block skip rate was only one-quarter of the network average.

Coinbase released its Q2 2026 Solana Validator Performance Report, disclosing key metrics for its Solana staking operations. As of the end of Q2, Coinbase staked a total of 41.63 million SOL across 23 validators in 7 countries, accounting for 9.72% of the network’s total staked SOL. In terms of yield performance, Coinbase’s validators posted an annualized yield of 6.52%, outperforming the network average of 6.38% by roughly 14 basis points. Its reliability metrics were even more impressive: the block skip rate stood at just 0.035%, approximately a quarter of the network average of 0.136%, meaning it missed around 75% fewer blocks than the average validator. Coinbase attributed this strong performance to its use of only Solana Foundation-audited client software and its avoidance of aggressive MEV timing strategies that harm end users. On the infrastructure and security front, Coinbase disclosed several technical details: its client strategy covers four options—Harmonic, Jito, JitoBAM, and Firedancer—all 100% audited by the Solana Foundation; for security, it has deployed a dual-signature protection mechanism and near-zero downtime deployment protocols. Looking ahead, the entire validator cluster has been integrated into the DoubleZero network, with a session uptime of approximately 99.9%, and is prepared for the Alpenglow mainnet upgrade in the second half of the year.

8 minutes ago

Coinbase will suspend trading of six trading pairs, including LSETH-ETH and MINA-EUR.

Coinbase has announced it will suspend trading for six non-U.S. dollar trading pairs on August 6. The affected pairs are LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. The platform stated that the suspension only impacts these non-USD denominated trading pairs, adding that eligible Coinbase Advanced Trade users in supported regions can still trade these assets via USD order books.

8 minutes ago

According to monitoring by OnchainDataNerd, a new crypto wallet has deposited 2.44 million USDC and opened a 1,600 BTC short position with 40x leverage. The position is valued at approximately $102.6 million, with an entry price of around $64,202 and a liquidation price of roughly $64,889. At just about $687 away from its liquidation level, the position has extremely minimal room for error.

Relevant content

MicroStrategy officially announced its ambition: aiming to become the world's most valuable company, with Michael Saylor urging "Think ₿igger"

Strategy has released a video titled "Strategy's Ambition is to be the World's Largest Company In terms of market cap", stating its goal to become the world's largest company by market cap by holding the most capital (BTC), issuing the strongest credit (STRC), and creating the best equity (MSTR). Founder Michael Saylor remarked, "Think ?igger." Strategy plans to issue STRC to support its digital credit business, which will help generate higher-quality MSTR equity. This equity, in turn, will enhance the company’s ability to accumulate more BTC, forming a triple flywheel that continuously increases the number of BTC per share. Its core targets include achieving a 30% BTC annualized rate of return (ARR), selling digital credit equivalent to 10-20% of its BTC reserves annually, and doubling its Bitcoin Per Share (BPS) metric within 7 years through its digital credit operations.

19 minutes ago

Strategy has expressed its ambition to become the world's largest company by market capitalization.

Strategy has released a video titled "Strategy's Ambition is to be the World's Largest Company In Terms of Market Cap", outlining its goal to become the world’s largest firm by market capitalization through three core pillars: holding the most capital (Bitcoin, BTC), issuing the strongest credit instrument (STRC), and creating the best equity (MSTR). Founder Michael Saylor emphasized: "Think ?igger." The company plans to issue STRC to back its digital credit business, which will help generate stronger MSTR equity—enhancing Strategy’s ability to accumulate more BTC and ultimately drive a continuous increase in the number of bitcoins per share.

19 minutes ago

Coinbase Releases Q2 Solana Validator Performance Report: Its APY outperformed the overall network by 14 basis points, and its block skip rate was only one-quarter of the network average.

Coinbase released its Q2 2026 Solana Validator Performance Report, disclosing key metrics for its Solana staking operations. As of the end of Q2, Coinbase staked a total of 41.63 million SOL across 23 validators in 7 countries, accounting for 9.72% of the network’s total staked SOL. In terms of yield performance, Coinbase’s validators posted an annualized yield of 6.52%, outperforming the network average of 6.38% by roughly 14 basis points. Its reliability metrics were even more impressive: the block skip rate stood at just 0.035%, approximately a quarter of the network average of 0.136%, meaning it missed around 75% fewer blocks than the average validator. Coinbase attributed this strong performance to its use of only Solana Foundation-audited client software and its avoidance of aggressive MEV timing strategies that harm end users. On the infrastructure and security front, Coinbase disclosed several technical details: its client strategy covers four options—Harmonic, Jito, JitoBAM, and Firedancer—all 100% audited by the Solana Foundation; for security, it has deployed a dual-signature protection mechanism and near-zero downtime deployment protocols. Looking ahead, the entire validator cluster has been integrated into the DoubleZero network, with a session uptime of approximately 99.9%, and is prepared for the Alpenglow mainnet upgrade in the second half of the year.

19 minutes ago

Coinbase will suspend trading of six trading pairs, including LSETH-ETH and MINA-EUR.

Coinbase has announced it will suspend trading for six non-U.S. dollar trading pairs on August 6. The affected pairs are LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. The platform stated that the suspension only impacts these non-USD denominated trading pairs, adding that eligible Coinbase Advanced Trade users in supported regions can still trade these assets via USD order books.

19 minutes ago

Google AI core figure Jeff Dean announces his departure, with Google shares plunging 3% in short-term trading.

Jeff Dean, one of Google’s earliest employees and a core figure who has overseen the company’s AI strategy design for the past 15 years, is leaving to launch an AI startup focused on scientific discovery. Dean joined Google in 1999 as its 30th employee. He will serve as CEO of the new non-profit entity Discovery Loop, which aims to accelerate technological progress by automating complex, multi-step scientific and engineering tasks. Joining Dean in the venture are fellow senior Google staff members Oriol Vinyals, Quoc Le, and Sanjay Ghemawat. The four have together driven major advances in mathematics and protein structure research, and rank among the most highly cited researchers globally. The departure of these talents, including Dean, further fuels Google’s recent trend of AI talent exodus. According to market data from BIT (bit.com), Google’s stock plunged 3% in the short term.

19 minutes ago

Is Strategy Expected to Resume BTC Accumulation? STRC Surpasses $94, Surging Approximately 30% From June Lows

According to BIT (bit.com) market data, Strategy’s perpetual preferred stock STRC surged past $94 during U.S. trading hours, jumping roughly 30% from its June low. The recent rally is driven by multiple factors: Strategy’s sale of Bitcoin to pay dividends, its repurchase of $106 million in preferred shares, and its increase in U.S. dollar reserves to $4 billion. Additionally, Strategy has not added to its Bitcoin holdings for six consecutive weeks. Strategy founder Michael Saylor emphasized last week that the company will not issue new STRC shares when the stock trades below $100. To date, the firm has repurchased 288,930 STRC preferred shares for a total of roughly $25 million, at an average price of $86.52 per share. Strategy plans to remain a "regular and disciplined buyer," continuing repurchases when STRC trades below $100. It will increase its buying activity when the stock is far from $100, and reduce repurchase volumes as it approaches that level. Currently, Strategy has approximately $975 million available for preferred share repurchases. Funds for STRC repurchases will not come from its U.S. dollar reserves; instead, they will be raised via sales of MSTR stock and Bitcoin, depending on market conditions, with the goal of stabilizing STRC’s price around $100.

19 minutes ago

COINTELEGRAPH: Bitcoin price-metric basket sees longest capitulation since FTX blow-up: Glassnode