Bitcoin (BTC) is experiencing its longest period of capitulation since the bear market at the end of 2022. On-chain analytics platform Glassnode reports that its Bitcoin price cycle tool is in its coldest phase since the FTX crash.
45 Price Metrics in the Capitulation Zone Glassnode’s Bitcoin Cycle Position Heatmap has signaled capitulation throughout 2026. Developed by platform co-founder Rafael Schultze-Kraft, this tool combines 45 different indicators to provide an overall picture of market health. In the heatmap, blue represents a period of “capitulation” within the cycle, while red represents the exuberance of momentum towards the peak.
Following a period of euphoria in November 2021, the heatmap turned blue for much of 2022. That November, the cryptocurrency exchange FTX crashed, an event that marked Bitcoin’s final bear market bottom at $15,600. Schultze-Kraft commented, “Today is its coldest period since FTX: it’s nearing the end of the bear market, but hasn’t yet reached the deep blue that previously marked a bottom.”
On-chain Activity and Investor Behavior According to Glassnode’s latest Market Pulse report, market participants’ resilience was praised. The report stated, “On-chain activity strengthened significantly. Daily active addresses and asset-adjusted transfer volumes surpassed their upper statistical bands, indicating a marked increase in network participation and economic flow.”
Despite the sudden reaction from some investors following the exploit of a low-entropy vulnerability in Coldcard hardware wallets, the stability of capital outflows was maintained. The analytics platform CryptoQuant compared the increase in on-chain transactions of 1 BTC or less to what happened after the FTX crash. On July 31st, the daily transaction count reached 39,600 BTC, compared to 39,900 BTC on November 16, 2022.
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Whale 0x2684 Pushes Total Deployment Past $230MA cryptocurrency whale tracked under the address 0x2684 has purchased an additional 3,960 $ETH for approximately $7.4M, its latest move in a sustained accumulation campaign that began on June 30. The transaction pushes the entity's total capital deployment to roughly $230.21M across Ethereum and Wrapped Bitcoin.
On-chain data shows the wallet now holds 79,216 $ETH acquired at an average price of $1,777, alongside 1,400 $WBTC at an average cost of $63,887. The combined position spans both of the two largest cryptocurrency networks through a single Ethereum address, with the $WBTC holdings representing Bitcoin exposure via its ERC-20 equivalent.
A Pattern of Consistent BuyingThe scale and consistency of the purchases have drawn significant attention from on-chain analysts. The wallet, identified at address 0x2684, drew attention from on-chain tracking accounts after building positions across both Wrapped Bitcoin and Ether in a short timeframe, with no prior transaction history before this accumulation period, suggesting it was created specifically for this capital deployment.
Large withdrawals from centralized exchanges are widely interpreted by analysts as a signal of long-term holding intent. When assets are moved to self-custodial wallets, they are less likely to be sold in the short term, reducing available exchange supply.
The positions were earlier reported to be showing an estimated $10 million in unrealized profit, according to on-chain data. As buying has continued since that report, the total position size and any associated gains have grown further.
Movements of this size from individual wallets are routinely tracked by on-chain monitoring services because they can reflect institutional-scale positioning or large individual holders adjusting exposure. The identity behind the address remains unknown, and the wallet could belong to an institutional investor, a high-net-worth individual, or a fund rebalancing its portfolio.
Sources:
The Crypto Basic: Crypto Whale Accumulates $184M in WBTC and Ether
Coincu: New Address Builds $41.5M in WBTC and ETH Positions
Ainvest: 0x2684 Withdraws $100M in ETH and WBTC From Binance
Economist Peter Schiff observed on Tuesday that hopes for an Iran peace deal significantly boosted risk assets and stocks, yet Bitcoin (CRYPTO: BTC) showed minimal gains.
‘The Bitcoin Party Is Over’Schiff said on X that the ongoing “peace-inspired mega-rally” barely moved Bitcoin, while the stock market surged.
He interpreted the relative stagnation as a warning sign, saying, “That doesn’t bode well for Bitcoin’s prospects during the next risk-asset selloff. The Bitcoin party is over.”
The Bull and the Bear CaseThat said, all the stagnation could disappear sooner than expected.
Ali Martinez, popular cryptocurrency chartist and trader, identified $64,300 as a critical level for BTC’s bullish confirmation, a break above which could open the door to $66,500.
The downside scenario is that the CLARITY Act is delayed and fails to pass this week in the Senate. The long-awaited cryptocurrency legislation aims to establish clear rules for the industry, and a delay could potentially cap Bitcoin’s upside.
Price Action: At the time of writing, BTC was exchanging hands at $64,134.55, up 0.28% over the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
In This Article Bitcoin News Today: Why Hayes Calls AI a Credit Story, Not an Earnings StoryThe Scale of Leverage Behind the AI BubbleBitcoin's Near-Term Range and the $1M Macro Bitcoin ScenarioWhat Has to Go Wrong Before Bitcoin Wins In Bitcoin news today, BitMEX co-founder and Maelstrom Chief Investment Officer Arthur Hayes has made his most direct Bitcoin price prediction yet: $1M per coin, driven not by a crypto-native catalyst but by the collapse of what he calls the largest credit bubble in modern history. The mechanism he describes is the AI infrastructure buildout, and the trail of debt financing it leaves behind.
Hayes argues that Bitcoin’s path to $1M runs through a financial crisis, not around one, and that crisis hasn’t happened yet. In a podcast appearance and subsequent letter to his readers, the BitMEX co-founder believes that a 2008-style crash could benefit Bitcoin in a big way.
This bombshell dropped as Bitcoin currently trades for $64,100, up just under +1% over the past 24 hours but still down -0.5% over the past week. Daily trading volume for BTC sits at $22.7Bn.
Arthur Hayes: AI Bubble May Resemble 2008 Credit Crisis, Bitcoin Could Benefit From Monetary Easing
BitMEX co-founder Arthur Hayes published a new essay, Situationship, arguing that the AI investment boom resembles a real estate buildout rather than a traditional technology… pic.twitter.com/0nmw1cnwk2
— Wu Blockchain (@WuBlockchain) August 5, 2026
Bitcoin News Today: Why Hayes Calls AI a Credit Story, Not an Earnings Story In the podcast and his letter, Hayes likened the AI boom to a “credit story like 2008” rather than an “earnings story like 2000.” He argues that, unlike the dot-com bubble with inflated revenue, AI infrastructure resembles leveraged real estate, relying on demand and credit availability.
During an appearance on the Thinking Crypto podcast, Hayes highlighted a structural flaw: GPU loans for AI hardware are amortized over five to six years, while GPUs become obsolete in about two years.
If cheaper Chinese AI models commoditize inference, the financial assumptions supporting those GPU loans could collapse entirely, which would be disastrous for the market.
“As a credit event, this will be bigger than subprime,” Hayes said on the Thinking Crypto podcast. “If it’s all about if we go to the China price, then all these assumptions in terms of the cash flows that these GPUs are based on become kind of spurious, and it becomes a credit event.”
The Scale of Leverage Behind the AI Bubble Hayes raises concerns about the significant data-center lease commitments made by major tech companies, totaling around $1.09 trillion, which is nearly four times their existing lease liabilities of $285Bn.
These leases, while not directly equivalent to debt, present off-balance-sheet risks that Hayes deems dangerous. S&P Global analyst Andrew Chang points out a maturity mismatch for Oracle, with lease durations of 15 to 19 years versus customer contracts lasting only five, heightening credit risk if contract renewals fail.
Furthermore, Hayes highlighted that about $1.5 trillion in AI-related debt was issued between 2022 and mid-2026, predominantly in 2025, suggesting that this influx of capital into AI has dampened Bitcoin’s market rally despite ongoing money creation.
“I think that essentially AI sucked all the capital out of the room,” Hayes said on the Thinking Crypto podcast. “It continues to suck all of the capital.”
Bitcoin’s Near-Term Range and the $1M Macro Bitcoin Scenario Everything is going exactly as I told you.$BTC has bottomed.
The bear market is over.
We’re entering the most parabolic phase of the bull cycle.
This is the phase where you wake up $50K+ richer every day, for weeks.
For the record, I was the only one publicly calling the… pic.twitter.com/QgMDrrieCo
— Crypto Fergani (@cryptofergani) August 4, 2026
Hayes is cautious about the near-term Bitcoin outlook, projecting BTC could range between $60,000 and $70,000, with a potential dip to $50,000 before a credit-cycle recovery. He believes Bitcoin hasn’t reached its cycle bottom yet, anticipating it won’t until the AI bubble unwinds.
In a Thinking Crypto interview, he expressed uncertainty about timing, suggesting the unwind could happen “this fall” or take “years.” His $1 million Bitcoin prediction depends on a series of events, including an AI overbuild leading to a credit crisis that shifts liquidity into non-bank assets like Bitcoin.
Hayes also predicts Ethereum could peak between $100,000 and $200,000. His firm, Maelstrom, plans to build a significant ETH position while selling out-of-the-money put options to cushion downside risk. He underscores that institutional demand is crucial to achieving these extreme price targets, as corporate Bitcoin adoption strengthens the bullish case.
What Has to Go Wrong Before Bitcoin Wins In other Bitcoin news today, the Hayes thesis suggests that before any BTC rebound, there will be a broad, correlated selloff of risk assets, including Bitcoin. An unwind in AI stocks could harm bank lending and speculative capital, causing Bitcoin to fall with other assets until a liquidity injection from policymakers prompts a recovery.
Hayes anticipates that this response will be larger than both the 2008 financial crisis and the COVID-19 stimulus. He argues that once the credit event occurs, investors may shift their capital from AI to Bitcoin and gold instead.
Regarding the CLARITY Act, Hayes believes it holds “no significance” for Bitcoin’s price, as its value is tied to operating outside the regulated financial system.
He points to historical patterns showing asset price surges following monetary interventions, with Bitcoin’s trajectory compared to gold’s ETF development over the years.
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Someone just made a very large, very confident bet that Bitcoin is going down. A new wallet deposited 2.44 million USDC onto Hyperliquid and opened a short position on 1,600 BTC at 40x leverage, according to data from hypurrscan.io.
To put the size in perspective: at 40x leverage, a roughly 2.5% move against this trader’s position would wipe out the entire margin. Depositing $2.44M at 40x means the trader is controlling a position sized at roughly $97.6M in notional Bitcoin exposure.
What 40x leverage actually means Hyperliquid supports 40x leverage on Bitcoin perpetual futures, and the platform is built on its own Layer-1 blockchain. That architecture is what allows it to run a fully onchain order book while keeping gas fees near zero.
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The wallet in question appears to have been newly funded specifically for this trade, consistent with how many large Hyperliquid positions are structured. No identity, entry price, or liquidation threshold has been disclosed beyond the raw transaction data.
Hyperliquid’s growing reputation for whale-sized bets Since 2025, Hyperliquid has developed a reputation as the venue of choice for traders who want to make large, leveraged directional bets entirely onchain. High-leverage Bitcoin shorts and longs, frequently at the 40x ceiling, have become a regular feature of the platform’s activity feed.
The platform launched its HYPE governance and staking token via airdrop in 2024, which drew significant attention to its ecosystem.
Liquidation hunting is a real phenomenon in leveraged crypto markets. Large known positions attract attention because their liquidation prices create predictable price targets. If the market knows a massive short gets liquidated at a specific Bitcoin price above entry, some participants will push toward that level.
What this trade signals for the broader market If Bitcoin rallies and multiple large shorts get liquidated in sequence, the resulting buy pressure from forced covering can accelerate the upside move significantly. The same dynamic works in reverse for large longs.
Not long ago, a trade of this size and complexity would have required a centralized exchange with a compliance department and a KYC form. Now it happens in a single wallet transaction, visible to anyone with a block explorer.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
FEDERAL REGISTER: Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Cboe Bitcoin U.S. ETF Index Options ("CBTX") and Cboe Mini Bitcoin U.S. ETF Index Options ("MBTX") Standard Transaction Fees
Reality and The Network Firm have upgraded their partnership, with plans to deliver daily audit reports on U.S. stock tokens.
According to official announcements, Reality, Bitget’s licensed real-world asset (RWA) issuance platform, has announced a deepened partnership with U.S. audit firm The Network Firm. Under the upgraded collaboration, The Network Firm will deliver daily Proof of Reserves (PoR) audit reports for U.S. stock rTokens issued by Reality, adhering to attestation standards set by the American Institute of Certified Public Accountants (AICPA). The audits are designed to confirm that every issued rToken matches the corresponding stock or ETF asset held in the custody account. The underlying stocks and ETFs remain custodied by Alpaca Securities LLC, a U.S. broker-dealer registered with FINRA and protected by SIPC, establishing a transparent, tripartite independent framework for issuance, verification, and custody. Reality’s U.S. stock rTokens now support 634 tokenized stocks and ETFs, and are deeply integrated into the Bitget ecosystem, usable in core scenarios including unified account margin, staking, and lending. Prior data indicates that the assets under management (AUM) of Bitget’s stock rTokens surpassed $100 million within one month of launch.
7 minutes ago
Iran: No agreement on the Strait of Hormuz can be reached if the US continues its interference.
According to announcements from Iranian authorities and the Islamic Revolutionary Guard Corps (IRGC) on August 5, a source revealed that the primary reason Iran and Oman have failed to reach an agreement on the Strait of Hormuz is US intervention and threats from US President Donald Trump. It is understood that as long as the US continues to interfere and issue military threats against Iran, the relevant agreement will not be reached.
7 minutes ago
Predict.fun has launched a prediction market for the Shanghai Composite Index’s ups and downs, with the probability of a closing gain currently standing at 50%.
Data from prediction market platform Predict.fun shows that Predict has launched a prediction market for the question: "Will the SSE Composite Index rise or fall on August 6, 2026?" As of press time, the market assigns a 50% probability to the SSE Composite Index closing higher. Notably, expectations between bullish and bearish participants are nearly balanced, indicating that there remains substantial market divergence.
7 minutes ago
Analysis: Over 60% of the top 100 tokens by market cap have become "dead" within five years, and the mortality rate is projected to reach 84.7% in 10 years.
CryptoRank released a report analyzing 1,539 tokens that once ranked in the top 100 of the cryptocurrency market by capitalization, finding that 71.9% of them have been classified as "operationally dead". The study defines a "dead" token as one that has been delisted from major trading platforms and recorded daily trading volumes below $10,000 for over 90 consecutive days. Data indicates that roughly 62% of top 100 tokens become inactive within five years, with their mortality rate projected to hit 84.7% after a decade, while the median lifespan of such tokens is just 2 years and 4 months.
7 minutes ago
Analysis: USDT's market cap decline has reached an historically extreme level, and BTC's rebound is facing liquidity contraction pressure.
CryptoQuant analyst Moreno noted in a post that USDT liquidity is experiencing one of the most severe contraction phases in its history. The 60-day change in USDT’s market capitalization has fallen by approximately $40 billion, approaching its most negative level on record. Meanwhile, the liquidity contraction is accelerating: USDT supply has shrunk by around $870 million over the past 11 days, signaling this is not merely a lagged effect from prior redemptions. Stablecoins serve as the crypto market’s most direct source of available liquidity. Sustained USDT expansion typically coincides with stronger Bitcoin (BTC) price performance, while prolonged contraction phases often align with weak demand, market pullbacks, and declining risk appetite. That said, the correlation between USDT flows and BTC prices does not confirm a direct causal relationship—both may be jointly driven by risk aversion, with redemption pressure and spot sell-offs occurring simultaneously. The current BTC decline is not an isolated event; it is unfolding against the backdrop of shrinking liquidity from one of the crypto market’s primary sources, which also explains why recent market rebounds have failed to sustain. To improve the market environment, we need to see USDT’s 60-day market cap change stabilize, a slowdown in daily supply contraction, and a return to an expansion phase.
BitMEX co-founder Arthur Hayes said the debt-fueled artificial intelligence infrastructure boom could end in a 2008-style credit crisis and predicted the resulting government liquidity response could drive Bitcoin (BTC) to $1 million or higher.
In a Tuesday blog post, Hayes said investors have mistakenly treated spending on data centers and power infrastructure as high-growth technology investment rather than leveraged real estate. He said he expects lenders to finance excessive construction before a slowdown in AI capital expenditure exposes weaker borrowers.
The thesis connects the trillion-dollar expansion of AI infrastructure to a potential new source of crypto-market liquidity. However, Hayes’ predicted crisis, government bailout and subsequent BTC rally remain speculative.
Hayes described the AI boom as a “credit story like 2008 and not an earnings story like 2000.” He said BTC could remain between $60,000 and $70,000, with possible downside to $50,000, before the credit cycle and resulting liquidity response drive a recovery. Hayes also forecast that Ether (ETH) would reach $5,000 by year-end and said Maelstrom intends to build a significant position while selling out-of-the-money ETH put options.
Hayes’ latest outlook builds on his earlier views on AI’s competing effects on crypto liquidity. On May 13, he said US-China competition in AI would encourage bank lending and fiat creation, benefiting Bitcoin. On June 4, Hayes sold HYPE and NEAR after warning that major AI listings could divert capital from crypto.
Big Tech locks in $1 trillion of future leasesThe scale of commitments underpinning the AI boom is already visible. On Tuesday, Reuters reported that Microsoft, Meta, Oracle, Amazon and Alphabet have committed about $1.09 trillion to leases that have not yet commenced, primarily for data centers.
The commitments are nearly four times the roughly $285 billion in lease liabilities already recognized by the companies. However, Reuters noted that the $1.09 trillion cannot simply be treated as debt because it represents undiscounted payments spread across several years.
Still, the financial strain is uneven. Oracle’s debt was about 4.3 times its earnings before interest, taxes, depreciation and amortization, while Alphabet, Amazon, Microsoft and Meta had ratios below one, according to a separate Reuters analysis.
S&P Global analyst Andrew Chang said Oracle’s data-center leases, which run for 15 to 19 years, pose a key risk because its customer contracts last no more than five years.
Magazine: Why Meta is choosing partners over power in its 2026 stablecoin push
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.
Federal prosecutors have charged three Missouri men in connection with an alleged attempt to forcibly rob a Connecticut family in a plot involving stolen Bitcoin valued at hundreds of millions of dollars.
Details of the failed plotAuthorities named Sedric Louis, John Davis, and Martel Williams as the alleged perpetrators who, between August 21 and August 24, 2024, traveled from Missouri to Connecticut. According to investigators, the trio rented vehicles and acquired air rifles and walkie-talkies before conducting surveillance on their intended target and his parents over a two-day period.
Prosecutors stated the men planned to invade the family’s residence and threaten the son, aiming to force the transfer of stolen cryptocurrency into wallets under their control. The operation reportedly faltered after the group became aware of security cameras on the property. Additionally, communication difficulties with other suspected conspirators contributed to their decision to abandon the scheme.
A second group, allegedly from Florida, reached the location shortly thereafter. On August 25, six suspects reportedly rammed the family’s Lamborghini Urus, forcibly removed the couple from the vehicle, and took them away in a van. The victims suffered physical assault and were restrained until witnesses notified local police.
Kidnapping and broader cryptocurrency investigationThe police pursuit that followed led to the couple’s rescue and arrests among the Florida-based suspects. Prosecutors claim that the primary target was the couple’s son, accused of involvement in the theft of hundreds of millions of dollars in Bitcoin.
The investigation has been linked to the theft of approximately 4,100 BTC from a resident in Washington, D.C., an amount worth an estimated $245 million at the time. Prosecutors believe the heist was orchestrated through social engineering, where attackers impersonated support staff for technology and cryptocurrency platforms to gain access to digital assets.
Some of the stolen cryptocurrency was allegedly used to purchase luxury vehicles, high-end jewelry, rental properties, and to finance lavish nightclub events, according to court filings.
Several individuals involved in the wider conspiracy to steal and launder the cryptocurrency have already entered guilty pleas. The charges and connected cases have highlighted ongoing security risks faced by digital asset holders and the sophisticated methods increasingly seen in high-value cryptocurrency crimes.
Charges and legal proceedingsA federal grand jury issued a second superseding indictment against Louis, Davis, and Williams on May 22, 2026. All three have pleaded not guilty to one count of conspiracy to interfere with commerce by robbery, also known as Hobbs Act robbery. Louis and Davis remain in federal custody, while Williams has been released on bond.
A conviction for Hobbs Act robbery may result in a maximum sentence of 20 years in federal prison, highlighting the serious legal consequences for participants in cryptocurrency-related crimes.
As the investigation underscores the importance of secure asset storage and vigilance against social-engineering attacks, some crypto platforms are introducing innovative solutions to bridge the gap between traditional finance and digital assets. For example, 1stepSwap enables the transfer of real-world assets directly onto the blockchain, granting users access to leading U.S. company shares and commodities like gold and silver through their own wallets, and ensuring trades occur at optimal market prices while allowing for efficient portfolio diversification.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin traded near $64,270 on Aug. 5, gaining less than 1% as record equity markets and falling oil prices failed to produce a broad crypto rally.
Summary
Bitcoin price held above $64,000 while record global equities and cheaper oil failed to spark momentum. Brent fell near $78.50 as traders awaited a possible U.S., Iran, and Oman shipping agreement. Bitcoin must close above $64,300 on four hour charts to confirm analyst Ali Martinez’s breakout. Bollinger Bands place immediate resistance near $66,285 and range support around $62,524 for Bitcoin traders. U.S. spot Bitcoin ETFs drew $19.6 million Tuesday, but recent outflows still weighed on demand. The largest cryptocurrency remained roughly flat over seven days and about 49% below its October 2025 record above $126,000.
Ether and XRP weakened, while BNB and Hyperliquid’s HYPE outperformed among major tokens. The restrained response contrasted with global stocks, where the S&P 500 and Dow closed at records and Asian technology shares rose sharply on strong AI related earnings.
Bitcoin price sits out the latest risk rally Reuters reported that Japan’s Nikkei gained 3.5%, South Korea’s benchmark rose 4.3%, and an MSCI Asia Pacific gauge excluding Japan advanced 2.3%. Brent crude fell toward $78.85, while the U.S. 10 year Treasury yield eased to about 4.603% as traders reduced expectations for another near term Federal Reserve rate increase.
Those conditions would normally offer support to BTC. Cheaper oil can reduce inflation pressure, while lower bond yields can make non interest bearing assets more attractive. Yet BTC has shown only a limited response across several sessions, suggesting crypto specific demand remains too weak to confirm a wider risk rally.
U.S. spot Bitcoin exchange traded funds recorded $19.6 million of net inflows on Aug. 4, according to Farside Investors. The positive session offered some support, but it followed a period of heavier withdrawals, including about $265 million reported on Aug. 1.
Corporate supply has also returned to the market. Strategy’s official Bitcoin ledger shows the company sold 1,638 BTC for about $105 million, leaving it with 842,138 BTC. The sale was small relative to its holdings, but it removed a source of price insensitive accumulation that had supported earlier rallies.
A Hormuz agreement remains possible, not confirmed Axios reported that the U.S., Iran, and Oman were approaching a temporary arrangement to reopen the Strait of Hormuz, with an announcement targeted for Wednesday. The proposal would create a 60 day shipping arrangement that could be extended. President Donald Trump later said a deal could arrive Wednesday or Thursday.
No signed agreement had been announced at the time of reporting. Trump described the discussions as “very good,” while Iran and the U.S. still differed on key details. The market therefore remains exposed to another breakdown after an earlier arrangement collapsed and attacks on shipping resumed.
Oil has already priced in part of the expected easing in tensions. The largest crypto has recovered by more than $2,000 from its recent low near $62,200, but the move remains modest compared with the response in equities and crude. A confirmed agreement may reduce a major inflation and geopolitical risk, although it would not guarantee fresh crypto demand.
The crypto rose toward $66,800 after an earlier Hormuz reopening announcement in June.Renewed conflict could expose support below $64,000. The contrast makes the next confirmed diplomatic update a useful test of whether Bitcoin still reacts strongly to the oil and rates channel.
Bitcoin needs $64,300 to confirm a breakout The supplied four hour setup places $64,300 at the upper boundary of a descending channel. Analyst Ali Martinez said a close above that level “could confirm the breakout” and open a possible move toward $65,500 or $66,500. Those levels are conditional targets, not confirmed outcomes.
If you're bullish on Bitcoin, watch this.$BTC is testing the upper boundary of a descending channel, making $64,300 the key level to watch.
A 4-hour close above $64,300 could confirm the breakout and open the door to a rally toward $65,500 or even $66,500. pic.twitter.com/MMTLHc4AQm
— Ali Charts (@alicharts) August 4, 2026 The daily chart gives a more cautious reading. The crypto trades near the Bollinger Bands middle line around $64,404. The upper band sits near $66,285, while the lower band is around $62,524. This structure shows consolidation rather than a completed directional move.
The Aroon Oscillator stands at negative 71.43, showing recent lows remain more dominant than recent highs. Holding $62,500 to $63,000 would preserve the range, while a daily move above $66,000 to $66,300 would provide stronger evidence that buyers have regained control.
Bitcoin (BTC) price chart, source: crypto.news Meanwhile, the next market test is whether a confirmed Hormuz agreement can push the crypto above $64,300 and then through the upper Bollinger Band. Failure to rally after a verified deal would strengthen the view that capital is favoring AI shares, bonds, and gold rather than crypto.
Traders will also watch ETF flows, the $62,500 lower range, and whether Strategy reports further sales. Until volume expands and BTC closes above resistance, the rebound from $62,200 remains a recovery inside a broader downtrend rather than a confirmed trend reversal.
FAQs Why is Bitcoin lagging behind global stocks? Bitcoin lacks strong crypto-specific demand despite favorable macro conditions. Record stock prices, falling oil and lower bond yields have not produced enough buying pressure to confirm a breakout. Recent ETF inflows have also remained modest compared with earlier withdrawals.
What is the key Bitcoin price level to watch? The immediate level is $64,300, which marks the upper boundary of the descending channel on the four-hour chart. A confirmed close above it could support a move toward $65,500 and $66,500, although those targets remain conditional.
Could a Strait of Hormuz agreement lift Bitcoin? A confirmed agreement could reduce geopolitical and inflation risks by improving shipping conditions and lowering oil prices. However, it would not guarantee a Bitcoin rally. A weak response could indicate that investors currently prefer equities and other assets.
What are Bitcoin’s main support and resistance levels? Immediate support sits between $62,500 and $63,000. A break below that range could expose the recent $62,200 low. Resistance appears at $64,300, followed by the upper Bollinger Band near $66,285.
What would confirm a stronger Bitcoin recovery? Bitcoin would need stronger trading volume, sustained ETF inflows and closes above $64,300 and $66,300. Until then, the move from $62,200 remains a rebound within a broader downtrend rather than a confirmed reversal.
PANews August 5 news, CryptoQuant analyst Axel Adler Jr. released a Bitcoin August outlook report, noting that Bitcoin’s early-August price was around $64,040, down about 50% from the October 2025 cycle high. Historical data shows that August is one of Bitcoin’s weakest months — it has closed lower in 9 of the past 13 years, with a median return of around -7.49%. Currently, key Bitcoin support levels include $62,000–$62,200, $59,500–$60,000, and $57,730; resistance levels are $64,000–$64,700, $66,500–$67,000, and $71,000–$74,000. The macro environment remains tight, with the 10-year Treasury yield around 4.70% and the Fed interest rate range at 3.50%–3.75%.
For the August trend, the analyst outlines three scenarios: in the base case, Bitcoin has about a 55% probability of oscillating within the $58,000 to $67,000 range, closing the month at $60,000 to $64,000; in the bearish case, there is about a 30% probability of breaking below $57,730 and then possibly touching the $52,750 realized price; in the bullish case, there is about a 15% probability of breaking above $67,000 and then likely testing the $71,000 to $74,000 area.
BitMEX co-founder Arthur Hayes has warned that the current boom in artificial intelligence infrastructure, heavily funded by debt, could trigger a credit crisis similar to 2008. Hayes argued that such an event would likely provoke large-scale government intervention, potentially pushing Bitcoin (BTC) to $1 million or beyond.
AI expansion and credit market risksIn a blog post published Tuesday, Hayes stated that many investors have mischaracterized spending on data centers and energy infrastructure as high-growth technology investment, when in fact these investments resemble leveraged real estate. He suggested that lenders may continue to provide easy financing for ongoing construction until a slowdown in AI capital expenditure exposes weaker borrowers and market vulnerabilities.
Hayes maintains that the current AI-driven infrastructure surge presents a “credit story like 2008 and not an earnings story like 2000.” He foresees a period during which BTC could trade between $60,000 and $70,000, with potential downside risk to $50,000 before a future crisis and policy response provide the catalyst for a major rally in the crypto market.
Hayes emphasized that this scenario hinges on future government actions, stating BTC could reach $1 million or higher if a credit crisis forces authorities to inject fresh liquidity into financial markets.
He also projected that Ether (ETH) may hit $5,000 by the end of the year, revealing that his fund, Maelstrom, seeks to build a significant ETH position while simultaneously selling out-of-the-money Ethereum put options.
Impact of AI investment on crypto liquidityHayes has repeatedly connected the global expansion of AI infrastructure—especially in the United States and China—to potential liquidity for crypto markets. In May, he said rising AI competition would likely prompt increased bank lending and fiat issuance, which could benefit cryptocurrencies such as Bitcoin.
However, he recently sold positions in HYPE and NEAR, warning that major AI-related public listings might draw capital away from the crypto sector.
Corporate commitments and debt exposureTech giants including Microsoft, Meta, Oracle, Amazon, and Alphabet have collectively made lease commitments valued at approximately $1.09 trillion, mostly for future data center capacity, according to figures reported by Reuters on Tuesday.
These off-balance-sheet commitments are nearly four times greater than the $285 billion in lease liabilities already recognized by these companies. Reuters clarified that the $1.09 trillion figure covers undiscounted payments and is not directly equivalent to existing debt, as the leases are spread out over several years.
Mini dictionary: Lease liabilities, in a corporate finance context, refer to contractual commitments for future payments, such as property or equipment leases, that may not immediately appear on a company’s balance sheet but can represent significant financial obligations.
CompanyFuture Lease CommitmentsRecognized Lease LiabilitiesDebt to EBITDA RatioMicrosoft, Meta, Amazon, Alphabet$1.09 trillion (combined, mostly future obligations)$285 billion (combined)Below 1OracleIncluded in $1.09 trillionIncluded in $285 billion4.3Financial strain, however, varies widely among these firms. According to S&P Global analyst Andrew Chang, Oracle faces significant risks because its data center leases extend up to 19 years, but typical customer contracts run no longer than five years. In contrast, Microsoft, Meta, Amazon, and Alphabet report much lower debt compared to earnings.
With lease durations outlasting customer agreements, some analysts have identified certain firms as more exposed to future downturns in AI spending than others.
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.
Reality and The Network Firm have upgraded their partnership, with plans to deliver daily audit reports on U.S. stock tokens.
According to official announcements, Reality, Bitget’s licensed real-world asset (RWA) issuance platform, has announced a deepened partnership with U.S. audit firm The Network Firm. Under the upgraded collaboration, The Network Firm will deliver daily Proof of Reserves (PoR) audit reports for U.S. stock rTokens issued by Reality, adhering to attestation standards set by the American Institute of Certified Public Accountants (AICPA). The audits are designed to confirm that every issued rToken matches the corresponding stock or ETF asset held in the custody account. The underlying stocks and ETFs remain custodied by Alpaca Securities LLC, a U.S. broker-dealer registered with FINRA and protected by SIPC, establishing a transparent, tripartite independent framework for issuance, verification, and custody. Reality’s U.S. stock rTokens now support 634 tokenized stocks and ETFs, and are deeply integrated into the Bitget ecosystem, usable in core scenarios including unified account margin, staking, and lending. Prior data indicates that the assets under management (AUM) of Bitget’s stock rTokens surpassed $100 million within one month of launch.
7 minutes ago
Iran: No agreement on the Strait of Hormuz can be reached if the US continues its interference.
According to announcements from Iranian authorities and the Islamic Revolutionary Guard Corps (IRGC) on August 5, a source revealed that the primary reason Iran and Oman have failed to reach an agreement on the Strait of Hormuz is US intervention and threats from US President Donald Trump. It is understood that as long as the US continues to interfere and issue military threats against Iran, the relevant agreement will not be reached.
7 minutes ago
Predict.fun has launched a prediction market for the Shanghai Composite Index’s ups and downs, with the probability of a closing gain currently standing at 50%.
Data from prediction market platform Predict.fun shows that Predict has launched a prediction market for the question: "Will the SSE Composite Index rise or fall on August 6, 2026?" As of press time, the market assigns a 50% probability to the SSE Composite Index closing higher. Notably, expectations between bullish and bearish participants are nearly balanced, indicating that there remains substantial market divergence.
7 minutes ago
Analysis: Over 60% of the top 100 tokens by market cap have become "dead" within five years, and the mortality rate is projected to reach 84.7% in 10 years.
CryptoRank released a report analyzing 1,539 tokens that once ranked in the top 100 of the cryptocurrency market by capitalization, finding that 71.9% of them have been classified as "operationally dead". The study defines a "dead" token as one that has been delisted from major trading platforms and recorded daily trading volumes below $10,000 for over 90 consecutive days. Data indicates that roughly 62% of top 100 tokens become inactive within five years, with their mortality rate projected to hit 84.7% after a decade, while the median lifespan of such tokens is just 2 years and 4 months.
7 minutes ago
Analysis: USDT's market cap decline has reached an historically extreme level, and BTC's rebound is facing liquidity contraction pressure.
CryptoQuant analyst Moreno noted in a post that USDT liquidity is experiencing one of the most severe contraction phases in its history. The 60-day change in USDT’s market capitalization has fallen by approximately $40 billion, approaching its most negative level on record. Meanwhile, the liquidity contraction is accelerating: USDT supply has shrunk by around $870 million over the past 11 days, signaling this is not merely a lagged effect from prior redemptions. Stablecoins serve as the crypto market’s most direct source of available liquidity. Sustained USDT expansion typically coincides with stronger Bitcoin (BTC) price performance, while prolonged contraction phases often align with weak demand, market pullbacks, and declining risk appetite. That said, the correlation between USDT flows and BTC prices does not confirm a direct causal relationship—both may be jointly driven by risk aversion, with redemption pressure and spot sell-offs occurring simultaneously. The current BTC decline is not an isolated event; it is unfolding against the backdrop of shrinking liquidity from one of the crypto market’s primary sources, which also explains why recent market rebounds have failed to sustain. To improve the market environment, we need to see USDT’s 60-day market cap change stabilize, a slowdown in daily supply contraction, and a return to an expansion phase.
On August 3rd, a wallet that had been completely inactive for seven months transferred 16,400 bitcoins, nearly 1.04 billion dollars, reigniting speculation about the intentions of its holder. Indeed, this movement occurs while bitcoin is trading around 62,800 dollars, far from its all-time high of 126,198 dollars reached in October 2025. In a market where large fortunes quickly influence liquidity and investor sentiment, such an operation never goes unnoticed.
In Brief A crypto whale inactive for 7 months moved all of its 16,400 BTC, amounting to a total of 1.04 billion dollars. This movement occurs while Bitcoin oscillates around $62,800, down nearly 50% from its all-time high in October 2025. The operation represents about 0.0781% of the total Bitcoin supply and equals nearly 7% of the daily volume traded on the spot market. The funds were transferred to a brand new private wallet and not to a centralized exchange platform, dismissing the hypothesis of a direct sale deposit. A 1.04 billion dollar transfer in bitcoin While bitcoin could plunge to $40,000 according to Michael Terpin, the sending wallet is listed under the address “bc1qptc9cz269u2mc5yguun5a5d6yd5c7f7ne4qj26”. According to the data reported by the blockchain tracking platform Lookonchain, the entire accumulated reserve was moved in a single transaction to a new destination wallet. This massive transfer happens in a particularly gloomy market context, marked by limited spot trading volumes on major international exchange platforms.
To properly gauge the scale and statistical accuracy of this extraordinary operation, analysts extracted fundamental metrics characterizing this major movement. These data allow for a direct evaluation of the potential impact on the money supply in circulation as well as on overall market liquidity :
Total amount transferred : 16,400 BTC (the entire balance of the sending address) ; Estimated value at execution : approximately 1.04 billion dollars ; The bitcoin price at the time of transfer : $62,808 according to CryptoQuant (down 1.1 % over 24 hours and 3.8 % over 7 days) ; Proportion of total supply : 0.0781 % of the maximum total of 21 million BTC ; Proportion of daily spot volume: 6% to 7 % of the 15.7 billion dollars traded over 24 hours. According to the analysis firm Cypher Citadel, the operation spectacularly ranks “in the top 0.01 % of the largest crypto transactions over the past three months”.
Although the proportion relative to theoretical supply seems modest, it is considerably more colossal when compared to actual active liquidity, a major share of bitcoins being locked long-term.
The destination of the transaction The key element to retain does not solely lie in the volume moved but primarily in the nature of the final address that received the funds. The blockchain actually reveals that the 16,400 BTC were sent to a brand-new wallet created specifically for the occasion, not to an address belonging to a centralized exchange.
Thus, Cypher Citadel specialists confirm the transaction is classified as a transfer “from unknown address to unknown address”, a type generally associated with an internal custodian reshuffle or an over-the-counter (OTC) trade rather than a deposit prior to a sale on the spot market.
The analysis company underlines that “the 4 to 48-hour window ahead is a key observation period to detect potential secondary transfers to centralized exchange platforms”, where real selling pressure is expected to be exerted. This distinction is fundamental for market structure. A direct sale would have a devastating impact, while a simple migration to a new secure environment retains immediate neutrality on the price.
A historic precedent and perspectives for investors This dynamic fits into a historic pattern already observed several times by industry experts. Last July, a wallet inactive for over eight years moved 5,907.56 BTC, equivalent to 384 million dollars, to a new intermediate address without ever funding trading platforms.
As explained by the firm Glassnode, wallet-to-wallet movements frequently reflect “custody provider changes, transitions to cold storage solutions, or internal treasury management”, while only direct deposits to platforms translate the owners’ manifest intention to liquidate their positions. This phenomenon was even more marked earlier in the year, when an 80,000 BTC reserve inactive since Satoshi Nakamoto’s era and estimated at 8 billion dollars moved without any flow immediately impacting order books.
Ultimately, unless secondary movements contradict this data in the next hours, the hypothesis of a massive sale leading to a pending crash seems to be ruled out in favor of a technical migration of assets. Investors must nevertheless maintain nuanced vigilance. While the initial transfer remains neutral for the price situated around $62,800, the potential fragmentation of this sum towards OTC brokers or secondary platforms could subtly influence liquidity in a fragile spot market. Risk management therefore requires close monitoring of the evolution of this new wallet to anticipate any future repercussions on the ecosystem.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Jim Cramer, host of CNBC’s Mad Money, announced that he is preparing to sell his Bitcoin holdings following an in-depth discussion with IBM CEO Arvind Krishna regarding quantum computing technology. The conversation took place during an interview on the Mad Money program, where the two explored the advancing potential of quantum computing and its implications for digital asset security.
Quantum computing sparks crypto security concernsDuring the interview, Arvind Krishna, who leads IBM, emphasized the significant risks quantum computing could present to current encryption methods, including those employed by Bitcoin. Krishna highlighted that the maturity of quantum technology could eventually outpace existing cryptographic protections, stating that investors should be “paranoid” about the long-term risks associated with these developments.
This warning led Cramer, a prominent figure in US finance television, to reconsider his cryptocurrency holdings. He stated that the conversation had convinced him that Bitcoin’s future could be in jeopardy if quantum computers become capable of breaking present-day encryption standards.
Krishna is exceptionally knowledgeable about the intersection of quantum computing and Bitcoin, and I have decided to sell my holdings.
Cramer did not disclose the amount of Bitcoin he currently owns nor did he specify a timeline for the planned sale. He previously reported selling part of his Bitcoin in 2021 to pay off his mortgage, and shared that he later re-entered the market during a price dip.
Industry outlook on quantum computing timelinesExperts suggest that quantum computing is still more than a decade from posing a significant threat to bitcoin’s encryption. Estimates within the technology sector place major advances in quantum capabilities about 15 years away. Despite this, there is widespread agreement that crypto networks could require significant upgrades to safeguard against future quantum attacks.
Current consensus indicates that, while the technology cannot destroy Bitcoin outright, it may challenge the system’s cryptographic security and necessitate a shift to new mathematical algorithms. These network upgrades would likely occur before quantum computing matures to a level that poses real-world risks.
Mini dictionary: Quantum computing, a cutting-edge technology, uses the principles of quantum mechanics to process information far more quickly than traditional computers. Its potential ability to break widely used encryption standards is a growing concern for digital security, including blockchain networks like Bitcoin.
Quantum computing poses a long-term challenge to Bitcoin, but experts believe the industry has over a decade to develop and implement necessary security upgrades.
The remarks by Cramer and Krishna have reignited debates within the digital asset industry regarding how soon crypto networks must address the threats posed by rapid advancements in quantum technology. Community discussions now focus on preparing robust upgrades to Bitcoin’s cryptographic systems well before these risks become imminent.
No official statements have been made by Bitcoin core developers on immediate network changes related to quantum security. However, security experts continue to monitor quantum computing progress closely, advocating for research and contingency planning within crypto communities.
As for Cramer, his renewed skepticism of the cryptocurrency market aligns with a long history of wavering viewpoints on digital assets. After initially expressing distrust toward Bitcoin, he later embraced it as a significant financial innovation, only to now reconsider his stance under the pressure of potential quantum breakthroughs.
It remains unclear whether Cramer has already acted on his plan to sell Bitcoin or whether further market events will influence his decision.
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.
BitMEX founder Arthur Hayes argued that Bitcoin could experience a historic surge if the financial bubble he suggests is forming in the AI sector bursts. According to Hayes, a potential AI bubble collapse around 2028 could trigger economic conditions that push the Bitcoin price above $1 million.
Hayes stated in his assessment that the real risk in the artificial intelligence sector is not the technology companies themselves, but rather the bubbles forming in the real estate and credit markets. According to him, the AI data centers being rapidly constructed today largely constitute a form of real estate development and financing activity.
Hayes stated that if large-scale loans for data centers and their required energy infrastructure cannot be repaid in the coming years, it could put serious pressure on the financial system, suggesting that this process could turn into a credit crunch similar to the 2008 global financial crisis.
Hayes stated that in this scenario, which he expects to occur between 2026 and 2028, banks and financial institutions could face credit risks associated with AI investments. He argued that in such an environment, governments might once again resort to large-scale monetary expansion policies to support the economy.
Hayes stated that one of the reasons Bitcoin has been under pressure recently is the shift of investor capital towards the artificial intelligence sector, but added that BTC is nevertheless beginning to establish a strong base between $60,000 and $70,000. The renowned investor predicted that even in the worst-case scenario, Bitcoin could fall to around $50,000 before entering an upward trend again.
According to Hayes, during a potential AI crisis, the US government could implement money printing programs on a scale even larger than that of the 2008 financial crisis to bail out banks and AI companies. Arguing that this would weaken the purchasing power of the dollar and drive investors towards alternative assets, Hayes stated that Bitcoin would serve as an indicator, pricing in the devaluation of currencies and the disruption in capital allocation during this process.
*This is not investment advice.
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Canaan is reshaping its capital strategy by converting part of its Bitcoin [BTC] treasury into shareholder returns.
Rather than selling assets to strengthen liquidity, the mining hardware maker will fund a $30 million share buyback because its market value trails the combined worth of its crypto holdings and cash.
That discount suggests management believes the stock remains materially undervalued, especially with roughly $130 million in digital assets on its balance sheet. Investors welcomed the decision, sending the stock nearly 9% higher after the announcement.
Source: Prnewswire More importantly, ongoing Bitcoin production provides a flexible funding source instead of leaving the treasury idle. This approach reflects disciplined capital allocation while preserving long-term Bitcoin exposure.
If the valuation gap persists, additional treasury sales could support further repurchases without weakening strategic Bitcoin reserves. That balance could improve shareholder returns while maintaining operational flexibility through future production.
Bitcoin becomes a strategic asset While Canaan uses its Bitcoin treasury to reward shareholders, MARA adopted a different treasury strategy. The company transferred 6,000 BTC, worth about $384.6 million, to TwoPrime over five hours.
The transactions consisted of multiple 500 BTC transfers. However, these movements do not necessarily indicate selling because TwoPrime also handles institutional asset management. Instead, they point to more active treasury management.
Source: Arkham That distinction matters because the coins remained outside exchange wallets.
Together, these developments suggest miners are no longer accumulating Bitcoin passively. Instead, they are managing reserves more strategically and preserving long exposure while improving financial flexibility.
Mining assets become strategic Beyond treasury optimization, miners are increasingly repurposing existing infrastructure towards AI computing.
Bitdeer has signed a lease worth $4.7 billion for 16 years for its 121 MW campus in Norway, transforming it from a mining-focused site into a long-term AI and HPC facility backed by $1.3 billion in credit support.
Source: Bitdeer.com This campus that was focused on mining is now a long-term facility for AI and high-performance computing backed by $1.3 billion in credit support. This shift reflects growing demand for ready power as workloads for AI expand.
Bernstein’s warning that tighter approvals for the grid in Texas could limit new capacity reinforces this strategy. Fewer energized sites entering the market means that facilities that have already been secured for deployment of AI become more valuable.
Long-term contracts and scarce access to power could strengthen the valuation of infrastructure and reduce the reliance of miners on revenue cycles related to mining Bitcoin.
Final Summary Bitcoin miners are turning treasury assets and infrastructure into strategic growth tools. Bitcoin is evolving beyond a reserve asset into a driver of long-term capital strategy.
Three Missouri men were charged over an alleged August 2024 plot to kidnap a Bitcoin holder and steal his holdings.
Sedric Louis, John Davis and Martel Williams were allegedly hired to kidnap and force a Bitcoin holder to transfer cryptocurrency to accounts controlled by organizers, according to a Tuesday press release by the US Attorney’s Office. They traveled from St. Louis to Connecticut, where they rented vehicles and obtained air rifles to stake out the victim.
After staking out the intended target for two days, they abandoned the plan for fear of being caught on home security cameras. Shortly afterward, another crew from Florida arrived to carry out the plan.
The three were charged with conspiracy to interfere with commerce by robbery under the Hobbs Act, which carries a maximum sentence of 20 years. Louis and Davis have been detained since their arrest on June 25, 2026. Williams was released on bond. All three pleaded not guilty.
Home invasions were the most common type of physical attack targeting cryptocurrency investors in the first half of 2026, according to blockchain security company CertiK. Crypto home invasions rose to 20 reported incidents in H1, up from a single case a year earlier.
Magazine: Inside the ‘fake police raid’ that forced a $1M Bitcoin transfer
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 Missouri men were charged over an alleged August 2024 plot to kidnap a Bitcoin holder and steal his holdings.
Sedric Louis, John Davis and Martel Williams were allegedly hired to kidnap and force a Bitcoin holder to transfer cryptocurrency to accounts controlled by organizers, according to a Tuesday press release by the US Attorney’s Office. They traveled from St. Louis to Connecticut, where they rented vehicles and obtained air rifles to stake out the victim.
After staking out the intended target for two days, they abandoned the plan for fear of being caught on home security cameras. Shortly afterward, another crew from Florida arrived to carry out the plan.
The three were charged with conspiracy to interfere with commerce by robbery under the Hobbs Act, which carries a maximum sentence of 20 years. Louis and Davis have been detained since their arrest on June 25, 2026. Williams was released on bond. All three pleaded not guilty.
Home invasions were the most common type of physical attack targeting cryptocurrency investors in the first half of 2026, according to blockchain security company CertiK. Crypto home invasions rose to 20 reported incidents in H1, up from a single case a year earlier.
Magazine: Inside the ‘fake police raid’ that forced a $1M Bitcoin transfer
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.
Reality and The Network Firm have upgraded their partnership, with plans to deliver daily audit reports on U.S. stock tokens.
According to official announcements, Reality, Bitget’s licensed real-world asset (RWA) issuance platform, has announced a deepened partnership with U.S. audit firm The Network Firm. Under the upgraded collaboration, The Network Firm will deliver daily Proof of Reserves (PoR) audit reports for U.S. stock rTokens issued by Reality, adhering to attestation standards set by the American Institute of Certified Public Accountants (AICPA). The audits are designed to confirm that every issued rToken matches the corresponding stock or ETF asset held in the custody account. The underlying stocks and ETFs remain custodied by Alpaca Securities LLC, a U.S. broker-dealer registered with FINRA and protected by SIPC, establishing a transparent, tripartite independent framework for issuance, verification, and custody. Reality’s U.S. stock rTokens now support 634 tokenized stocks and ETFs, and are deeply integrated into the Bitget ecosystem, usable in core scenarios including unified account margin, staking, and lending. Prior data indicates that the assets under management (AUM) of Bitget’s stock rTokens surpassed $100 million within one month of launch.
7 minutes ago
Iran: No agreement on the Strait of Hormuz can be reached if the US continues its interference.
According to announcements from Iranian authorities and the Islamic Revolutionary Guard Corps (IRGC) on August 5, a source revealed that the primary reason Iran and Oman have failed to reach an agreement on the Strait of Hormuz is US intervention and threats from US President Donald Trump. It is understood that as long as the US continues to interfere and issue military threats against Iran, the relevant agreement will not be reached.
7 minutes ago
Predict.fun has launched a prediction market for the Shanghai Composite Index’s ups and downs, with the probability of a closing gain currently standing at 50%.
Data from prediction market platform Predict.fun shows that Predict has launched a prediction market for the question: "Will the SSE Composite Index rise or fall on August 6, 2026?" As of press time, the market assigns a 50% probability to the SSE Composite Index closing higher. Notably, expectations between bullish and bearish participants are nearly balanced, indicating that there remains substantial market divergence.
7 minutes ago
Analysis: Over 60% of the top 100 tokens by market cap have become "dead" within five years, and the mortality rate is projected to reach 84.7% in 10 years.
CryptoRank released a report analyzing 1,539 tokens that once ranked in the top 100 of the cryptocurrency market by capitalization, finding that 71.9% of them have been classified as "operationally dead". The study defines a "dead" token as one that has been delisted from major trading platforms and recorded daily trading volumes below $10,000 for over 90 consecutive days. Data indicates that roughly 62% of top 100 tokens become inactive within five years, with their mortality rate projected to hit 84.7% after a decade, while the median lifespan of such tokens is just 2 years and 4 months.
7 minutes ago
SK Hynix subsidiary Solidigm is preparing for an initial public offering, targeting a valuation of 50 trillion South Korean won.
According to South Korean media reports, Solidigm, a subsidiary of SK Hynix, is preparing for a pre-IPO funding round ahead of a potential Nasdaq listing. The company targets a valuation of 50 trillion won in this round. Headquartered in the U.S., Solidigm was established in 2021 to house Intel’s NAND flash and SSD business, which SK Hynix agreed to acquire for approximately 10 trillion won in 2020.
Bitcoin addresses and whale transactions hit multi-month highs as Coldcard fallout triggers widespread fund movement.
Bitcoin activity has surged sharply over the past week, with 712,000 addresses active in the past seven days, according to Santiment’s findings. That marks a three-month high.
Whale activity also hit a five-month high. 61,800 transactions worth more than $100,000 were recorded during the period.
Coldcard Fallout Drives Network Activity Santiment flagged the recent security incident involving Coldcard hardware wallet as the obvious catalyst behind the rise in activity. Reports linked the late-July attacks to weak keys generated by affected devices. Santiment estimates losses at above 2,055 BTC, or about $130 million. It said affected users rushed to move funds, consolidate wallets and reduce their exposure.
Meanwhile, Galaxy Research identified that the tokens were stolen from 7,300 addresses across three confirmed waves of attacks. It also found 14 smaller security incidents. The firm also said the exploits linked to an issue affecting seeds generated on Coinkite’s Coldcard Mk3, Mk4, Mk5 and Coldcard Q firmware versions.
Coinkite later released emergency firmware updates for all affected models and confirmed destroying the remaining vulnerable inventory. The issue became public on July 30. The incidents appeared to involve automated, programmatic sweeps, with possible assistance from large language models.
Galaxy Research said it suspects the losses could be higher if a potential fourth wave of attacks is confirmed. The firm, however, did not receive specific confirmation from victims.
Santiment also warned that Bitcoin volatility could remain elevated over the next few weeks. Fear could push retail investors to sell. At the same time, continued whale accumulation and “security-driven” movement of coins could reduce liquid supply over the coming months if stronger holders continue absorbing the panic.
You may also like: BTC Reclaims $64K Ahead of Expected Iran-US-Oman Hormuz Deal Today: Report Bitcoin Hits $64K, Yet One Indicator Says It’s Still Very Undervalued Bitcoin Holds Key Support as On-Chain Data Shows Fresh Accumulation Cash-Out Hurdles The stolen Bitcoin may not be easy to turn into cash, Trace Finance co-founder and CTO Leone Parise told CryptoPotato. On the monetization prospects of the stolen funds, Parise said,
“Not at anything close to face value. These are the most heavily surveilled UTXOs in BTC’s history: dormant for years, then moved in a burst, which is exactly the kind of signature that makes clustering trivial. Bitcoin can’t be frozen, but every regulated on-ramp can refuse these coins.
That leaves mixers, cross-chain bridges, OTC desks in weak jurisdictions, and peer-to-peer channels, all of which cost real money and introduce counterparty risk. They’ll extract a fraction, over years, with heavy leakage. $100M on-chain is not $100M in the bank.”
SpaceX Hit by Crypto Bear MarketSpaceX reported digital assets worth $1.1 billion as of June 30, down 31% from $1.6 billion in the previous quarter. This leaves the space exploration company with nearly $540 million in paper losses.
SpaceX didn’t publish a detailed breakdown of its cryptocurrency holdings, much like Elon Musk’s other major company, Tesla Inc. (NASDAQ:TSLA).
SpaceX disclosed in its IPO filing that it held 18,712 BTC on its balance sheet. At BTC’s closing price of $58,558 on June 30, the total value was in line with SpaceX’s reported digital asset holdings.
Moreover, on-chain analytics firm Arkham Intelligence also reported 18,712 BTC on SpaceX’s balance sheet.
Musk’s Companies Are BTC HODLersTesla also owns a large Bitcoin position—11,509 BTC, worth over $740 million currently, according to on-chain data.
Both companies now rank among the biggest corporate BTC holders, with SpaceX in 8th place and Tesla in 12th, according to BitcoinTreasuries.net.
SpaceX reported second-quarter revenue of $7.81 billion, beating a Street consensus estimate of $6.93 billion. The company also revealed a lower-than-expected loss of nine cents per share.
Price Action: At the time of writing, BTC was exchanging hands at $64,111.48, up 0.65% over the last 24 hours, according to data from Benzinga Pro.
SpaceX shares plunged 7.46% in after-hours trading after closing 9.43% higher at $125.33 during Tuesday’s regular trading session.
According to Benzinga’s Edge Stock Rankings, the SPCX stock has shown a weaker price trend across short-, medium-, and long-term horizons
Photo courtesy: IAB Studio on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) move toward the key technical levels on Wednesday, which could determine the next directional bias. BTC is near the 50-day Exponential Moving Average (EMA), ETH trades sideways while XRP is showing signs of stabilization.
Bitcoin could extend gains if it closes above the 50-day EMABitcoin price trades at $64,419 on Wednesday, approaching the key resistance level at the 50-day Exponential Moving Average (EMA) at $64,654, where a close above this level suggests further gains. However, BTC configuration suggests the broader trend remains under pressure as it holds below the 100-day and 200-day EMAs, at $67,080 and $72,650, respectively.
The Relative Strength Index (RSI) around 52 hints at only modest directional conviction, and the negative Moving Average Convergence Divergence (MACD) reading reinforces a still-fragile bullish case.
On the topside, immediate resistance is located at the 50-day EMA near $64,654, followed by the 100-day EMA at $67,080 and then the 200-day EMA around $72,650, with a more distant barrier emerging at the prior horizontal resistance level of $84,410.
On the downside, initial support is seen at the horizontal line around $64,004, and a clear break beneath this floor would likely open the door to a deeper corrective phase as moving-average sellers retain control while BTC trades below all key EMAs.
Ethereum trades sideways between the 50-day and 100-day EMAsEthereum price trades at $1,875 on Wednesday, holding a neutral to mildly constructive stance as it trades above the 50-day EMA at $1,852, but it remains capped by the 100-day EMA at $1,925 and the higher 200-day EMA at $2,134.
The RSI around 52 suggests balanced momentum after recent consolidation, while the MACD remains in negative territory, hinting that upside attempts could still face supply near overhead averages.
On the topside, initial resistance is located at the 100-day EMA at $1,925, followed by the psychological and chart hurdle at $2,000, with the 200-day EMA at $2,134 reinforcing a broader cap if buyers extend the advance.
On the downside, immediate support is provided by the 50-day EMA at $1,852; a daily close below this level would expose the more distant horizontal support zone near $1,385.
XRP’s momentum indicators show fading bearish strengthXRP trades at $1.075 on Wednesday, maintaining a bearish near-term bias as price holds below the 50-day, 100-day, and 200-day EMAs at $1.117, $1.198, and $1.388, respectively, keeping the broader trend capped despite the recent stabilization above the $1.070 handle.
The RSI at 45 sits just below the neutral 50 line, hinting at subdued buying interest, while the MACD remains marginally negative, suggesting that downside pressure is not yet fully exhausted.
On the topside, initial resistance is at the 50-day EMA at $1.117, with further hurdles at the 100-day EMA near $1.198 and the horizontal barrier at $1.300; beyond that, the 200-day EMA at $1.388 and the more distant $1.900 level define a broader supply zone.
On the downside, the first notable support emerges at the horizontal level around $1.000, where buyers would be expected to defend the psychological parity area to prevent a deeper retracement.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.
Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.
Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.
Reality and The Network Firm have upgraded their partnership, with plans to deliver daily audit reports on U.S. stock tokens.
According to official announcements, Reality, Bitget’s licensed real-world asset (RWA) issuance platform, has announced a deepened partnership with U.S. audit firm The Network Firm. Under the upgraded collaboration, The Network Firm will deliver daily Proof of Reserves (PoR) audit reports for U.S. stock rTokens issued by Reality, adhering to attestation standards set by the American Institute of Certified Public Accountants (AICPA). The audits are designed to confirm that every issued rToken matches the corresponding stock or ETF asset held in the custody account. The underlying stocks and ETFs remain custodied by Alpaca Securities LLC, a U.S. broker-dealer registered with FINRA and protected by SIPC, establishing a transparent, tripartite independent framework for issuance, verification, and custody. Reality’s U.S. stock rTokens now support 634 tokenized stocks and ETFs, and are deeply integrated into the Bitget ecosystem, usable in core scenarios including unified account margin, staking, and lending. Prior data indicates that the assets under management (AUM) of Bitget’s stock rTokens surpassed $100 million within one month of launch.
2 minutes ago
Iran: No agreement on the Strait of Hormuz can be reached if the US continues its interference.
According to announcements from Iranian authorities and the Islamic Revolutionary Guard Corps (IRGC) on August 5, a source revealed that the primary reason Iran and Oman have failed to reach an agreement on the Strait of Hormuz is US intervention and threats from US President Donald Trump. It is understood that as long as the US continues to interfere and issue military threats against Iran, the relevant agreement will not be reached.
2 minutes ago
Predict.fun has launched a prediction market for the Shanghai Composite Index’s ups and downs, with the probability of a closing gain currently standing at 50%.
Data from prediction market platform Predict.fun shows that Predict has launched a prediction market for the question: "Will the SSE Composite Index rise or fall on August 6, 2026?" As of press time, the market assigns a 50% probability to the SSE Composite Index closing higher. Notably, expectations between bullish and bearish participants are nearly balanced, indicating that there remains substantial market divergence.
2 minutes ago
Analysis: Over 60% of the top 100 tokens by market cap have become "dead" within five years, and the mortality rate is projected to reach 84.7% in 10 years.
CryptoRank released a report analyzing 1,539 tokens that once ranked in the top 100 of the cryptocurrency market by capitalization, finding that 71.9% of them have been classified as "operationally dead". The study defines a "dead" token as one that has been delisted from major trading platforms and recorded daily trading volumes below $10,000 for over 90 consecutive days. Data indicates that roughly 62% of top 100 tokens become inactive within five years, with their mortality rate projected to hit 84.7% after a decade, while the median lifespan of such tokens is just 2 years and 4 months.
2 minutes ago
Analysis: USDT's market cap decline has reached an historically extreme level, and BTC's rebound is facing liquidity contraction pressure.
CryptoQuant analyst Moreno noted in a post that USDT liquidity is experiencing one of the most severe contraction phases in its history. The 60-day change in USDT’s market capitalization has fallen by approximately $40 billion, approaching its most negative level on record. Meanwhile, the liquidity contraction is accelerating: USDT supply has shrunk by around $870 million over the past 11 days, signaling this is not merely a lagged effect from prior redemptions. Stablecoins serve as the crypto market’s most direct source of available liquidity. Sustained USDT expansion typically coincides with stronger Bitcoin (BTC) price performance, while prolonged contraction phases often align with weak demand, market pullbacks, and declining risk appetite. That said, the correlation between USDT flows and BTC prices does not confirm a direct causal relationship—both may be jointly driven by risk aversion, with redemption pressure and spot sell-offs occurring simultaneously. The current BTC decline is not an isolated event; it is unfolding against the backdrop of shrinking liquidity from one of the crypto market’s primary sources, which also explains why recent market rebounds have failed to sustain. To improve the market environment, we need to see USDT’s 60-day market cap change stabilize, a slowdown in daily supply contraction, and a return to an expansion phase.
Reality and The Network Firm have upgraded their partnership, with plans to deliver daily audit reports on U.S. stock tokens.
According to official announcements, Reality, Bitget’s licensed real-world asset (RWA) issuance platform, has announced a deepened partnership with U.S. audit firm The Network Firm. Under the upgraded collaboration, The Network Firm will deliver daily Proof of Reserves (PoR) audit reports for U.S. stock rTokens issued by Reality, adhering to attestation standards set by the American Institute of Certified Public Accountants (AICPA). The audits are designed to confirm that every issued rToken matches the corresponding stock or ETF asset held in the custody account. The underlying stocks and ETFs remain custodied by Alpaca Securities LLC, a U.S. broker-dealer registered with FINRA and protected by SIPC, establishing a transparent, tripartite independent framework for issuance, verification, and custody. Reality’s U.S. stock rTokens now support 634 tokenized stocks and ETFs, and are deeply integrated into the Bitget ecosystem, usable in core scenarios including unified account margin, staking, and lending. Prior data indicates that the assets under management (AUM) of Bitget’s stock rTokens surpassed $100 million within one month of launch.
2 minutes ago
Iran: No agreement on the Strait of Hormuz can be reached if the US continues its interference.
According to announcements from Iranian authorities and the Islamic Revolutionary Guard Corps (IRGC) on August 5, a source revealed that the primary reason Iran and Oman have failed to reach an agreement on the Strait of Hormuz is US intervention and threats from US President Donald Trump. It is understood that as long as the US continues to interfere and issue military threats against Iran, the relevant agreement will not be reached.
2 minutes ago
Predict.fun has launched a prediction market for the Shanghai Composite Index’s ups and downs, with the probability of a closing gain currently standing at 50%.
Data from prediction market platform Predict.fun shows that Predict has launched a prediction market for the question: "Will the SSE Composite Index rise or fall on August 6, 2026?" As of press time, the market assigns a 50% probability to the SSE Composite Index closing higher. Notably, expectations between bullish and bearish participants are nearly balanced, indicating that there remains substantial market divergence.
2 minutes ago
Analysis: Over 60% of the top 100 tokens by market cap have become "dead" within five years, and the mortality rate is projected to reach 84.7% in 10 years.
CryptoRank released a report analyzing 1,539 tokens that once ranked in the top 100 of the cryptocurrency market by capitalization, finding that 71.9% of them have been classified as "operationally dead". The study defines a "dead" token as one that has been delisted from major trading platforms and recorded daily trading volumes below $10,000 for over 90 consecutive days. Data indicates that roughly 62% of top 100 tokens become inactive within five years, with their mortality rate projected to hit 84.7% after a decade, while the median lifespan of such tokens is just 2 years and 4 months.
2 minutes ago
Analysis: USDT's market cap decline has reached an historically extreme level, and BTC's rebound is facing liquidity contraction pressure.
CryptoQuant analyst Moreno noted in a post that USDT liquidity is experiencing one of the most severe contraction phases in its history. The 60-day change in USDT’s market capitalization has fallen by approximately $40 billion, approaching its most negative level on record. Meanwhile, the liquidity contraction is accelerating: USDT supply has shrunk by around $870 million over the past 11 days, signaling this is not merely a lagged effect from prior redemptions. Stablecoins serve as the crypto market’s most direct source of available liquidity. Sustained USDT expansion typically coincides with stronger Bitcoin (BTC) price performance, while prolonged contraction phases often align with weak demand, market pullbacks, and declining risk appetite. That said, the correlation between USDT flows and BTC prices does not confirm a direct causal relationship—both may be jointly driven by risk aversion, with redemption pressure and spot sell-offs occurring simultaneously. The current BTC decline is not an isolated event; it is unfolding against the backdrop of shrinking liquidity from one of the crypto market’s primary sources, which also explains why recent market rebounds have failed to sustain. To improve the market environment, we need to see USDT’s 60-day market cap change stabilize, a slowdown in daily supply contraction, and a return to an expansion phase.
A potential U.S.-Iran Hormuz agreement is back in focus after reports suggested Washington, Tehran, and Oman are close to a temporary deal to restore shipping through the Strait of Hormuz. The development pushed global stocks to new highs and lowered oil prices, but the crypto market has responded more slowly, with traders waiting to see whether the deal can turn into a stronger rally.
Bitcoin traded above $64,000, up less than 1% over the past 24 hours, while Ethereum posted modest gains. XRP, Dogecoin, and Chainlink remained slightly lower, whereas BNB and Hyperliquid (HYPE) outperformed, showing that money is starting to move into selected cryptocurrencies even though the broader market has not yet broken out.
BREAKING: The US and Iran are closing in on an interim agreement brokered by Oman to reopen the Strait of Hormuz, with the US aiming for an announcement on Wednesday, per Axios.
— The Kobeissi Letter (@KobeissiLetter) August 5, 2026 Why the Deal MattersUnder the reported proposal, ships entering the Gulf would travel through Iranian waters, while outbound vessels would use Omani waters. No transit fees would be charged during the 60-day period, and both countries would begin clearing naval mines before discussing a permanent arrangement.
The agreement could reduce tensions and stabilize oil markets. However, a similar proposal reportedly failed only weeks ago after attacks on commercial ships resumed.
What Happened Last Time?Crypto has reacted positively to similar developments this year.
After a temporary U.S.-Iran ceasefire in April 2026, Bitcoin climbed about 4%, Ethereum gained around 6.5%, and several altcoins also moved higher as oil prices eased and traders shifted back into risk assets.
A similar reaction followed in May, when reports of a peace framework briefly pushed Bitcoin above $82,000 on hopes that shipping through Hormuz would normalize.
Current SentimentOn-chain analyst Ali Charts says Bitcoin’s network activity is improving, with weekly active addresses rising 20% to more than 720,000.
According to the analyst, $64,300 is the key level. A four-hour close above $64,300 could open the door for a move toward $65,500 and even $66,500.
Institutional demand also remains steady. Spot Bitcoin ETFs attracted $170.09 million in net inflows at the start of the week, with seven funds recording gains and none reporting outflows. Ethereum ETFs, however, saw $11.42 million in net outflows.
Will Crypto Rally Again?If the Hormuz agreement is officially announced and implemented, lower oil prices, steady ETF inflows, and improving network activity could support another short-term move higher for Bitcoin and altcoins.
At the same time, the arrangement is temporary. Any setback in negotiations or renewed tensions in the region could quickly change market sentiment, just as earlier headlines did this year.
Story Ends Here
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With few indications that a significant reversal is taking place, Dogecoin is still struggling within a well-established downtrend. Following months of price declines, DOGE is currently trading close to $0.070, staying below all of the daily chart's major moving averages. Although the asset has stabilized since its June sell-off, this has not resulted in a resurgence of bullish momentum on its own.
Multiple resistance layersThe technical framework is still inadequate. There are several layers of resistance between $0.075 and $0.085 as the 50-day and 100-day EMAs continue to slope downward, while the 26-day EMA is slightly above the current price.
DOGE/USDT Chart by TradingviewThe distance DOGE would need to recover before the long-term trend could be deemed neutral once more is highlighted by the 200-day EMA, which is still much higher at $0.10.
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Momentum indicators present a similarly cautious picture. The RSI, which is currently hovering around 44, has somewhat recovered from oversold territory, indicating that selling pressure has lessened but buyers have not yet gained control. Additionally, volume has been declining during the recent consolidation, suggesting that neither side is very convinced.
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It's important to keep an eye on the $0.07 support zone. While regaining the 50-day EMA would be the first technical indication that bullish momentum is returning, a break below it might expose DOGE to another leg lower. Until then, Dogecoin is still stuck in a general bearish trend with low volatility.
XRP remains trapped As buyers and sellers continue to compete around the $1.08 region, XRP is still trapped in consolidation. Although the asset has managed to avoid another breakdown below the psychologically significant $1 mark, each attempt at recovery has stalled below declining moving averages.
According to the chart, XRP is currently trading slightly below the 26-day and 50-day EMAs, with the 100-day EMA at $1.20 remaining the next significant barrier. The overall market structure has not yet changed in favor of bulls, as evidenced by the long-term 200-day EMA around $1.39, which is still trending lower. In contrast to earlier weeks, volatility has significantly decreased.
XRP/USDT Chart by TradingViewThe fact that XRP is shifting within a progressively smaller range indicates that a more significant directional move might be imminent. The RSI is near 46, indicating balanced momentum where neither buyers nor sellers have a distinct advantage. The $1.00 psychological level continues to be the most crucial support.
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Since June, bulls have defended that zone multiple times, but over time, repeated tests tend to erode support. The likelihood of a move toward the 100-day EMA would significantly rise if XRP were to recover the 50-day EMA and establish closes above $1.10.
On the other hand, losing $1 would probably increase selling pressure and render the current consolidation phase invalid. The market is currently waiting for a catalyst to identify XRP's next significant trend, so it is still range-bound.
Hyperliquid's stabilization is questionedAfter one of its biggest corrections of the year, Hyperliquid is trying to stabilize. Before finding support around the 200-day exponential moving average near $50, the asset lost almost 30% in a few weeks after a rally that propelled HYPE above $75.
The significance of that long-term trend indicator has once again been demonstrated, leading to a recovery that has driven HYPE back toward $56. Although encouraging, the recovery process is still ongoing. HYPE is currently challenging the 50-day EMA at $58 after regaining the 26-day EMA.
HYPE/USDT Chart by TradingViewThis moving average is the first significant obstacle for bulls because it aligns with a prior support area that became resistance following the July breakdown. Momentum remains mixed.
Although the Relative Strength Index has moved back from oversold territory, it is still below 50, suggesting that the bearish momentum has subsided without completely giving way to a bullish trend. During the recent rebound, trading volume also significantly decreased, indicating that buyers are returning cautiously rather than aggressively.
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Whether HYPE can retake the $58-$60 range will determine the technical outlook. In the event of a successful breakout above the 50-day EMA, sellers are likely to resume their activity at the 100-day EMA, which is close to $63.
However, the likelihood of another retest of the 200-day EMA around $50 would rise if current levels were to fail. HYPE is still in a corrective phase until it starts generating higher highs above its medium-term moving averages, despite the recent rebound.
Bitcoin stuck in the key rangeBitcoin has recovered from its June decline and is still trading in a narrow consolidation range. The asset's price action is compressed between the 26-day and 50-day exponential moving averages, and it is currently trading at approximately $63,800. This indicates that the market has reached equilibrium but has not yet decided on its next course.
Every attempt at a recovery is still capped by the 50-day EMA at $67,000, while the 100-day and 200-day EMAs are still much higher, supporting the overall bearish trend. Bitcoin hasn't broken below $60,000 yet, but it hasn't gained enough momentum to overcome stronger resistance levels either.
BTC/USDT Chart by TradingViewThe lack of directional momentum is confirmed by the RSI, which is nearly exactly at 50. Trading volume has continued to decline during the recent sideways movement, and neither buyers nor sellers currently have a clear advantage.
When volatility returns, such conditions frequently precede a larger breakout. The 50-day EMA is the first significant barrier, while immediate support remains close to $60,000.
The technical outlook for Bitcoin would be enhanced by a clear move above that level, which might draw attention to the 100-day EMA around $72,000. Until then, the market is waiting for a catalyst that can end the current period of uncertainty, and Bitcoin is still range-bound.
Dogecoin, XRP, Hyperliquid, and Bitcoin are each grappling with subdued market activity, as technical indicators reveal cautious sentiment and persistent consolidation phases. With buying and selling pressure evenly matched, price action in all four assets suggests that traders remain indecisive about the market’s next direction.
Dogecoin holds key support but struggles with resistanceDogecoin continues to move within a pronounced downtrend after several months of price declines, hovering near $0.070 and staying below all of its major daily moving averages. The asset’s price action has stabilized since a steep sell-off in June, but there are still no signs of a decisive reversal toward bullish momentum.
Multiple resistance zones lie ahead, with the 50-day and 100-day exponential moving averages (EMAs) trending downward. The 26-day EMA sits just above the current price, limiting any near-term upside. Notably, the 200-day EMA, a significant long-term trend indicator, remains far above at $0.10, underscoring the gap Dogecoin must close to reestablish a neutral outlook.
Momentum indicators like the relative strength index (RSI) have slightly improved from oversold levels, currently around 44, which suggests selling has eased. However, buyers have not yet regained control, and diminishing trading volume during the recent consolidation points to low conviction on both sides of the market.
Dogecoin’s ongoing battle near the $0.07 support zone highlights how critical it is for bulls to reclaim the 50-day EMA, as a sustained move above this measure would be needed for any real shift in sentiment.
Until then, analysts caution that a break below $0.07 could trigger further declines, confirming Dogecoin’s ongoing bearish trend and continued low volatility.
XRP’s tight consolidation persistsXRP remains trapped in a tight trading range near $1.08, with each recovery attempt stalling below descending moving averages. The asset has repeatedly held above the psychological $1.00 level, but upside progress has been limited by the 26-day and 50-day EMAs, while the 100-day EMA at $1.20 stands as a next significant hurdle. The 200-day EMA at $1.39 continues to trend lower, indicating that long-term momentum remains negative.
Market volatility has subsided, and XRP has shifted into an increasingly narrow range, hinting that a larger move may be on the horizon. The RSI is near 46, showing neither buyers nor sellers have a clear advantage at the moment. Defending the $1.00 level has been a recurring theme since June, though repeated tests can gradually weaken support over time.
XRP’s overall market structure continues to favor consolidation, as the asset’s performance hinges on whether it can break above $1.10 and reclaim the 50-day EMA, or risk further downside if $1.00 fails.
Traders are waiting for a catalyst that could spark a significant trend, either upward or downward, with the current range-bound pattern persisting for now.
Hyperliquid’s correction and recovery attemptsHyperliquid recently endured one of its largest corrections of the year, losing almost 30% in value over several weeks following a rally that pushed HYPE above $75. The asset eventually found support at the 200-day EMA near $50, a technical level that again proved to be significant. After rebounding to $56 and regaining the 26-day EMA, HYPE is now contending with the 50-day EMA at $58, which marks a former support zone turned resistance after the July decline.
Momentum indicators reflect mixed sentiment. The RSI has moved out of oversold conditions yet remains below 50, signaling the absence of both strong buying and selling pressure. Trading volume declined significantly during the latest recovery, suggesting that any return of buyers has yet to materialize into conviction-led demand.
A successful move above the $58-$60 range would be a key test for HYPE, with the 100-day EMA at $63 representing the next resistance. If the price falls from current levels, a renewed retest of the 200-day EMA around $50 becomes more probable. As long as HYPE remains below its medium-term moving averages, the asset is considered to be in a corrective phase.
Bitcoin’s range-bound market and evolving solutionsBitcoin has made up ground since June’s sharp pullback but remains locked in a narrow range, currently trading around $63,800 between the 26-day and 50-day EMAs. The 50-day EMA at $67,000 caps recovery attempts, while the 100-day and 200-day EMAs at higher levels reinforce the prevailing bearish trend. Despite holding above the $60,000 support, Bitcoin has struggled to gain enough strength to retest major resistance zones.
The RSI hovers near 50, confirming the current equilibrium, and trading volumes have contracted during the sideways movement. Neither bulls nor bears have managed to tip the balance decisively; as a result, market participants are on alert for a potential breakout once volatility returns.
Monitoring such consolidating markets is crucial, especially for investors seeking diversified portfolios with exposure beyond traditional cryptocurrencies. In this context, platforms like 1stepSwap provide added flexibility by bridging the gap between traditional finance and the digital asset ecosystem. Through direct integration of real-world assets onto the blockchain, users can access leading U.S. stocks and commodities like gold and silver from their wallets, without intermediaries. 1stepSwap’s algorithm searches for optimal market prices in real time, enabling swift transactions at competitive rates and allowing users to diversify holdings efficiently.
A clear move above the 50-day EMA could open the path toward the 100-day EMA near $72,000 for Bitcoin. Until then, the most likely scenario is continued sideways trading as the market waits for new developments.
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.
Leading cryptocurrencies edged higher on Tuesday as investors weighed the prospects of a U.S.-Iran peace agreement after weeks of fighting.
From ‘Extreme Fear’ to ‘Fear’Bitcoin moved back and forth between the early $63,000s and mid-$64,000s, with trading volume easing significantly.
Ethereum bulls struggled to push the cryptocurrency above $1,800, while XRP and Dogecoin traded in the red.
Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish shorts making up $137 million, according to Coinglass data
Bitcoin’s open interest fell 0.25% over the last 24 hours. A drop in open interest alongside an increase in spot price typically indicates that short sellers are buying back their positions.
The market sentiment improved from "Extreme Fear" to “Fear,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.19 trillion, following an increase of 0.71% over the last 24 hours.
Stocks on a TearThe stock market extended its winning streak on Tuesday. The Dow Jones Industrial Average surged 907.47 points, or 1.71%, to end at 54,085.88. The S&P 500 rallied 1.79% to close at 7,736.52, while the tech-focused Nasdaq Composite jumped 2.59% to settle at 26,584.99. The S&P 500 and the Dow closed at all-time highs.
The rally coincided with Treasury Secretary Scott Bessent signalling the U.S. and Iran could reach an agreement as early as Wednesday to reopen the Strait of Hormuz, restoring free passage for commercial shipping.
Analyst Predicts Big BTC Rally Before Limited CorrectionsAli Martinez, popular cryptocurrency chartist and trader, identified $64,300 as the “key level to watch” for bullish confirmation.
“A 4-hour close above $64,300 could confirm the breakout and open the door to a rally toward $65,500 or even $66,500,” the analyst projected.
Michaël van de Poppe, another popular cryptocurrency commentator, forecast Bitcoin’s next upward leg to $85,000, where the 50-week moving average sits as key resistance on the weekly chart.
“I don’t think we’ll dive deeper as much for #Bitcoin as of yet, as most of the pain [90-95%] of the bear market is already in,” Van De Poppe added.
Photo Courtesy: Marc Bruxelle on Shutterstock.com
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Analysis: Over 60% of the top 100 tokens by market cap have become "dead" within five years, and the mortality rate is projected to reach 84.7% in 10 years.
CryptoRank released a report analyzing 1,539 tokens that once ranked in the top 100 of the cryptocurrency market by capitalization, finding that 71.9% of them have been classified as "operationally dead". The study defines a "dead" token as one that has been delisted from major trading platforms and recorded daily trading volumes below $10,000 for over 90 consecutive days. Data indicates that roughly 62% of top 100 tokens become inactive within five years, with their mortality rate projected to hit 84.7% after a decade, while the median lifespan of such tokens is just 2 years and 4 months.
3 minutes ago
Analysis: USDT's market cap decline has reached an historically extreme level, and BTC's rebound is facing liquidity contraction pressure.
CryptoQuant analyst Moreno noted in a post that USDT liquidity is experiencing one of the most severe contraction phases in its history. The 60-day change in USDT’s market capitalization has fallen by approximately $40 billion, approaching its most negative level on record. Meanwhile, the liquidity contraction is accelerating: USDT supply has shrunk by around $870 million over the past 11 days, signaling this is not merely a lagged effect from prior redemptions. Stablecoins serve as the crypto market’s most direct source of available liquidity. Sustained USDT expansion typically coincides with stronger Bitcoin (BTC) price performance, while prolonged contraction phases often align with weak demand, market pullbacks, and declining risk appetite. That said, the correlation between USDT flows and BTC prices does not confirm a direct causal relationship—both may be jointly driven by risk aversion, with redemption pressure and spot sell-offs occurring simultaneously. The current BTC decline is not an isolated event; it is unfolding against the backdrop of shrinking liquidity from one of the crypto market’s primary sources, which also explains why recent market rebounds have failed to sustain. To improve the market environment, we need to see USDT’s 60-day market cap change stabilize, a slowdown in daily supply contraction, and a return to an expansion phase.
3 minutes ago
SK Hynix subsidiary Solidigm is preparing for an initial public offering, targeting a valuation of 50 trillion South Korean won.
According to South Korean media reports, Solidigm, a subsidiary of SK Hynix, is preparing for a pre-IPO funding round ahead of a potential Nasdaq listing. The company targets a valuation of 50 trillion won in this round. Headquartered in the U.S., Solidigm was established in 2021 to house Intel’s NAND flash and SSD business, which SK Hynix agreed to acquire for approximately 10 trillion won in 2020.
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Bernstein raises AMD's target price from $600 to $650
Bernstein raises AMD (AMD.O) price target from $600 to $650. (Jinshi)
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Western Union launches Stablecard, its stablecoin credit card.
Western Union has announced a partnership with Rain to launch Stablecard, a product integrating a digital wallet and a Visa-backed credit card, enabling users to hold, transfer, and spend the USDPT stablecoin. USDPT is issued on the Solana network by Anchorage Digital Bank, pegged 1:1 to the U.S. dollar and fully backed by reserve assets. Stablecard’s initial rollout covers 37 markets, where users can directly receive Western Union transfers to their USDPT wallets, make purchases at Visa-accepting merchants and ATMs, and add the card to Apple Pay and Google Pay. Western Union plans to expand the service to over 60 markets by the end of this year.
3 minutes ago
Polymarket traders bet on SanDisk’s earnings exceeding expectations, and simultaneously opened 10x leveraged long positions in SNDK.
According to monitoring by TradingBeats (formerly Hyperinsight), Polymarket trader "TruongMyLan" invested $53.35 at midday today, buying the "Yes" outcome for "Will SNDK’s current quarter earnings beat expectations?" at an average price of 94 cents. At the time, the market had nearly reached a consensus on this: the "Yes" odds had held at around 95% for the hour before the trade, and did not change significantly after the transaction. On-chain control relationships show that "TruongMyLan" maps to a Hyperliquid address starting with 0x1c4. Approximately 4 hours and 11 minutes ahead of the forecasted bet, the trader executed 18 consecutive buy orders, building a long SNDK position of 122.5 contracts at an average price of $1,428.7, with a total transaction volume of around $175,100. As of press time, this address holds a 10x fully leveraged long SNDK position worth approximately $177,600, with margin used of around $17,800—accounting for 46.5% of the account’s equity. The position has an unrealized profit of roughly $2,560, a return of ~14.6%, and a liquidation price of $1,079.6. After opening the position, the trader immediately set a full-position stop-loss at $1,286.4. In the afternoon, they placed 100 sell orders in the $1,559–$1,653 range, planning to sell 121.4 contracts—almost the entire position—with no additional buy orders placed below this range. Over the past 30 days, this trader has completed 4 SNDK trades, notching 3 wins and 1 loss, for a cumulative profit of approximately $26,600. Polymarket has a total of 61 earnings-related predictions in its history. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain information.
Analysis: Over 60% of the top 100 tokens by market cap have become "dead" within five years, and the mortality rate is projected to reach 84.7% in 10 years.
CryptoRank released a report analyzing 1,539 tokens that once ranked in the top 100 of the cryptocurrency market by capitalization, finding that 71.9% of them have been classified as "operationally dead". The study defines a "dead" token as one that has been delisted from major trading platforms and recorded daily trading volumes below $10,000 for over 90 consecutive days. Data indicates that roughly 62% of top 100 tokens become inactive within five years, with their mortality rate projected to hit 84.7% after a decade, while the median lifespan of such tokens is just 2 years and 4 months.
3 minutes ago
Analysis: USDT's market cap decline has reached an historically extreme level, and BTC's rebound is facing liquidity contraction pressure.
CryptoQuant analyst Moreno noted in a post that USDT liquidity is experiencing one of the most severe contraction phases in its history. The 60-day change in USDT’s market capitalization has fallen by approximately $40 billion, approaching its most negative level on record. Meanwhile, the liquidity contraction is accelerating: USDT supply has shrunk by around $870 million over the past 11 days, signaling this is not merely a lagged effect from prior redemptions. Stablecoins serve as the crypto market’s most direct source of available liquidity. Sustained USDT expansion typically coincides with stronger Bitcoin (BTC) price performance, while prolonged contraction phases often align with weak demand, market pullbacks, and declining risk appetite. That said, the correlation between USDT flows and BTC prices does not confirm a direct causal relationship—both may be jointly driven by risk aversion, with redemption pressure and spot sell-offs occurring simultaneously. The current BTC decline is not an isolated event; it is unfolding against the backdrop of shrinking liquidity from one of the crypto market’s primary sources, which also explains why recent market rebounds have failed to sustain. To improve the market environment, we need to see USDT’s 60-day market cap change stabilize, a slowdown in daily supply contraction, and a return to an expansion phase.
3 minutes ago
SK Hynix subsidiary Solidigm is preparing for an initial public offering, targeting a valuation of 50 trillion South Korean won.
According to South Korean media reports, Solidigm, a subsidiary of SK Hynix, is preparing for a pre-IPO funding round ahead of a potential Nasdaq listing. The company targets a valuation of 50 trillion won in this round. Headquartered in the U.S., Solidigm was established in 2021 to house Intel’s NAND flash and SSD business, which SK Hynix agreed to acquire for approximately 10 trillion won in 2020.
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Bernstein raises AMD's target price from $600 to $650
Bernstein raises AMD (AMD.O) price target from $600 to $650. (Jinshi)
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Western Union launches Stablecard, its stablecoin credit card.
Western Union has announced a partnership with Rain to launch Stablecard, a product integrating a digital wallet and a Visa-backed credit card, enabling users to hold, transfer, and spend the USDPT stablecoin. USDPT is issued on the Solana network by Anchorage Digital Bank, pegged 1:1 to the U.S. dollar and fully backed by reserve assets. Stablecard’s initial rollout covers 37 markets, where users can directly receive Western Union transfers to their USDPT wallets, make purchases at Visa-accepting merchants and ATMs, and add the card to Apple Pay and Google Pay. Western Union plans to expand the service to over 60 markets by the end of this year.
3 minutes ago
Polymarket traders bet on SanDisk’s earnings exceeding expectations, and simultaneously opened 10x leveraged long positions in SNDK.
According to monitoring by TradingBeats (formerly Hyperinsight), Polymarket trader "TruongMyLan" invested $53.35 at midday today, buying the "Yes" outcome for "Will SNDK’s current quarter earnings beat expectations?" at an average price of 94 cents. At the time, the market had nearly reached a consensus on this: the "Yes" odds had held at around 95% for the hour before the trade, and did not change significantly after the transaction. On-chain control relationships show that "TruongMyLan" maps to a Hyperliquid address starting with 0x1c4. Approximately 4 hours and 11 minutes ahead of the forecasted bet, the trader executed 18 consecutive buy orders, building a long SNDK position of 122.5 contracts at an average price of $1,428.7, with a total transaction volume of around $175,100. As of press time, this address holds a 10x fully leveraged long SNDK position worth approximately $177,600, with margin used of around $17,800—accounting for 46.5% of the account’s equity. The position has an unrealized profit of roughly $2,560, a return of ~14.6%, and a liquidation price of $1,079.6. After opening the position, the trader immediately set a full-position stop-loss at $1,286.4. In the afternoon, they placed 100 sell orders in the $1,559–$1,653 range, planning to sell 121.4 contracts—almost the entire position—with no additional buy orders placed below this range. Over the past 30 days, this trader has completed 4 SNDK trades, notching 3 wins and 1 loss, for a cumulative profit of approximately $26,600. Polymarket has a total of 61 earnings-related predictions in its history. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain information.
Bitcoin (BTC) price edges above $64,000 at press time on Wednesday, heading toward its 50-day Exponential Moving Average (EMA) at $64,652. Meanwhile, Pump.fun (PUMP) and Zcash (ZEC) sustain gains after a rebound on Tuesday, with bulls eyeing further upside.
Technical outlook: Will Bitcoin reclaim $65,000?Bitcoin retains a broader bearish bias, trading below the 50-day EMA at $64,652 and well under the 200-day EMA at $73,069. The King Crypto must reclaim the 50-day EMA at $64,652 to challenge the $67,516 resistance level marked by the June 3 high. A sustained close above this level could confirm the bullish reversal in Bitcoin.
Momentum is mixed on the daily chart, with the Relative Strength Index (RSI) at 51 broadly neutral, while the Moving Average Convergence Divergence (MACD) and signal line prepare for a bullish crossover as the negative histogram contracts, hinting at still-soft underlying demand.
BTC/USDT daily price chart.Looking down, the key support for BTC lies near the $60,000 psychological level, followed by the June 25 swing low of $58,115.
Technical outlook: Could PUMP and ZEC extend gains?PUMP holds steady on Wednesday, following a 13% jump the previous day. The launchpad token trades above the 200-day EMA at $0.002153, while the 50- and 100-day EMAs signal a bullish crossover, indicating a bullish bias in the near term.
The RSI hovers in overbought territory near 71, hinting that upside momentum is strong but also vulnerable to a pause or minor shakeout if buyers hesitate at this trend barrier.
The first obstacle for PUMP aligns with the December 3 high at $0.003399, indicating a roughly 40% upside potential.
PUMP/USDT daily price chart.On the downside, initial protection is provided by the 200-day EMA at $0.002153, followed by the 50-day EMA at $0.001817.
Zcash trades above $500 on Wednesday, sustaining the 5% rebound gains from the previous day. The privacy coin maintains a constructive bullish bias, with price remaining above both the 50-day EMA at $486 and the 200-day EMA at $409.
From a technical perspective, the recent rebound from the rising support trendline, with a 6% jump on Sunday, reinforces an upward cycle toward the overhead trendline near $550. A decisive close above this trendline could renew the rally in Zcash, potentially targeting the May 20 record high of $690.
Momentum metrics support the upside tone, with the RSI rising to 55 and the MACD on the verge of crossing above its signal line, hinting at fading bearish pressure.
ZEC/USDT daily price chart.On the downside, initial support is seen at the $500 psychological mark, followed by the 50-day EMA at $486 and then the rising trendline support around $474.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Spot ETFs for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experienced notable net inflows on August 4, according to Cointelegraph. Bitcoin spot ETFs reported inflows of $211.49 million, while Ethereum and Solana saw inflows of $53.75 million and $1 million respectively. This development comes at a time when the Bitcoin market is closely watched, with market participants observing these inflows as indicative of increased investor interest. Other reports indicate that spot Bitcoin ETFs had previously seen $170.1 million in inflows on the prior day, highlighting variability in data across sources.
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Key Takeaways Market activity appears to suggest increased investor interest in Bitcoin, Ethereum, and Solana spot ETFs, with significant net inflows reported. The inflows are consistent with scenarios that could lead to a moderate upward movement in Bitcoin price expectations. Market pricing implies robust confidence that Bitcoin’s price will remain above key thresholds, with a current 99.9% YES pricing for Bitcoin to be above $56,000 on August 5. What to Watch Observers should monitor any continued trend in net inflows into these spot ETFs, as sustained interest could further influence market expectations. Attention will also be on any regulatory developments or macroeconomic indicators that could impact crypto markets, such as statements from the Federal Reserve or significant corporate actions. As such, these factors may provide further insights into whether investor sentiment continues to align with a YES outcome for Bitcoin’s price above current thresholds.
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Term Structure
Contract Odds Δ since publish Volume 24h August 5 2026 99.9% — — View market → August 5 2026 99.9% — — View market → August 5 2026 99.8% — — View market → August 5 2026 1.8% — — View market → August 5 2026 99% — — View market → August 5 2026 0.1% — — View market → August 5 2026 0.1% — — View market → August 5 2026 67.5% — — View market → August 5 2026 0.1% — — View market → August 5 2026 99.9% — — View market →
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Yesterday, on August 3rd, CNBC host Jim Cramer declared he would sell all his Bitcoin (BTC) holdings due to fears about Quantum computing.
On July 31st, Cramer interviewed Arvind Krishna, CEO of IBM, who stated that Quantum computing would eventually be able to break into the cryptographic algorithms that run the crypto ecosystem, including the top crypto, Bitcoin. Based on these comments, Cramer said he hit the sell button on his holdings.
What is interesting about this is that some investors took to social media lauding Cramer’s decision as a bullish indicator due to the theory of Inverse Cramer – buy what he sells and sell what he buys. Cramer admits that he does not always get things right, but he has made huge mistakes in advising viewers in the past. Cramer was infamously pumping Bear Stearns just days before the investment bank collapsed. On the March 11, 2008 episode of Cramer’s Mad Money show, Cramer told a caller that Bear was fine and not to sell. He told the investor that selling was silly. Several days later, Bear was sold to JP Morgan for a fraction of its price on March 11th.
The entire crypto community right now https://t.co/K8UYjio2Yd pic.twitter.com/RM5WUlOnNZ
— Geiger Capital (@Geiger_Capital) August 3, 2026
In 2012, Cramer advised his watchers to sell Netflix. The shares in the company surged by around 174% in the following months.
There have been other big misses.
While diminishing the credibility of the Mad Money show, the Inverse Cramer trade has become a meme, and at one point, Tuttle Capit
al Management launched an Inverse Cramer Tracker ETF. The fund was liquidated in 2024 due to limited interest.
One investor published a research paper on Cramer recommendations from 2018 to 2024, which showed a mixed bag of results.
In the end, do your own due diligence and don’t make investments based on finfluencers or so-called “experts,” including those on CNBC.
THANK YOU JIM CRAMER 🙏 https://t.co/jD0xpetfdE pic.twitter.com/wjECoqoYNb
CNBC host Jim Cramer is among the most-followed investors by retail traders. Sometimes Cramer is followed so investors can do the opposite of what he says, which may explain why the cryptocurrency community is rejoicing in a recent quote from Cramer.
Some cryptocurrency accounts on social media platform X have been celebrating the fact that Cramer announced plans to sell his Bitcoin.
"I’m going to sell my Bitcoin," Cramer said on CNBC this week.
During that episode, Cramer expressed worry about his cryptocurrency due to quantum computing. Kirshna worried about trouble ahead for cryptocurrency in three to four years.
Cramer said people should take that serious and that’s why he’s selling now, instead of waiting three years.
It is unknown how much Bitcoin Cramer owns or if he actually sold his holdings this week.
Among those celebrating was digital artist Beeple, who posted the photo below of Cramer, with quotes like "The bottom is in" and "Thou shall pump." Others pointed out that Bitcoin’s price had already started moving higher after Cramer’s Friday interview.
The Inverse CramerKnown as "The Inverse Cramer," the concept of doing the opposite of what the TV personality does has become a well-known investing thesis.
There was once an Inverse Cramer ETF and there is an Inverse Cramer investing account on Autopilot where investors can take advantage of the method.
Some within the cryptocurrency community were quick to point out the last time Cramer was this bearish on Bitcoin.
On Dec. 23, 2022, CNBC host Cramer once again criticized the cryptocurrency market and gave a warning to anyone who was investing in the sector. The comments came as it was announced that FTX co-founder Sam Bankman-Fried had been released from jail on $250 million bail.
Cramer said the SEC should be more involved in the cryptocurrency market, noting that when investors look at a filing of a stock, they know who owns it, whereas with cryptocurrency, investors don’t know who owns them.
The CNBC host previously owned cryptocurrency before selling all of it, a decision he said he announced on television and doesn’t regret.
"I would not touch crypto in a million years," Cramer said during the Dec. 23, 2022, broadcast.
Cramer went on to say that cryptocurrencies are the "creation of money by cretins."
"These are worse than even the worst Nasdaq stocks."
The price of Bitcoin on Dec. 23, 2022 when Cramer made the comments was $16,905.22. While Bitcoin is down year-to-date, the cryptocurrency is up 280% from the last time Cramer was this bearish.
Photo courtesy: katz / Shutterstock.com
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BIP-110 is approaching its first consequential activation boundary. The proposal enters mandatory signaling at block 961,632, currently projected around August 9, 2026. It locks in no later than block 963,648, roughly in late August, and activates its new transaction rules at block 965,664, currently projected for early September. BIP-110 uses a 55% signaling threshold and would enforce its restrictions for 52,416 blocks, approximately one year.
Bitcoin resolves consensus changes through coordination among miners, users, and nodes (note that anyone can be any combination of these three things). Miners choose which valid chain to extend. Users decide which chain’s coins, deposits, and payments they recognize. Nodes independently choose which rules they enforce. Durable consensus emerges whenever these groups converge on the same chain.
BIP-110 restricts large data pushes, oversized output scripts, undefined witness versions, Taproot annexes, deep Taproot control blocks, OP_SUCCESS opcodes, and certain Tapscript conditionals. It grandfathers UTXOs created before activation, while standard monetary uses remain compatible with its rules.
Most corporations don’t have to do anything For most corporations, BIP-110 requires no action. Today, the typical corporate Bitcoin utility is as a store of value, as a long-duration treasury reserve asset. This use case is basically unaffected by the transaction features targeted by BIP-110.
Corporations using Bitcoin for payments also face limited direct impact. Standard on-chain payments remain compatible (see below for specifics), while ordinary Lightning payments occur off-chain. A chain split can still affect Lightning channel monitoring, force-close behavior, and the chain source that a Lightning node treats as authoritative. However, even corporations using Bitcoin for payments normally use a third party provider like Square, so all of this abstracted away to be a non-issue.
A corporation that runs its own full node has a direct choice. Every user retains the right to run the Bitcoin implementation that matches its needs. A corporation that supports BIP-110 should therefore switch over to running BIP-110. All other node-running corporations can simply do nothing.
A BIP-110 node enforces tighter rules. During mandatory signaling, it rejects blocks that fail to signal bit 4. After activation, it also rejects blocks containing transactions that violate BIP-110. A non-BIP-110 node accepts BIP-110-compliant blocks as well as blocks that remain valid under the existing rules. Among all chains valid under its own rules, a node follows the branch with the greatest accumulated proof of work.
So the key factor to be aware of is a chain split. When miners build a chain that is not compliant to the BIP, BIP-110 nodes can separate from the broader network. Non-BIP-110 nodes may continue following the higher-work branch, while BIP-110 nodes could remain on a compliant branch with less accumulated work.
Corporations dealing with chain splits Mining companies face the highest immediate economic exposure. Electricity and machine time are sunk costs. A miner should select the branch it expects other miners, nodes, and users to recognize and mine on it. A miner may also stop mining and wait for the chain split to resolve. If BIP-110 and non-BIP-110 chains develop independently, miners must track chainwork, signaling, validity under both rule sets, and their own mining pool’s stance, and the market value assigned to each branch.
Corporations operating exchanges and institutional custody should prepare for settlement uncertainty. During an extended split, the ordinary six-confirmation standard loses much of its value because each branch can show six confirmations independently. Operators should monitor both branches, raise confirmation requirements, pause large deposits or withdrawals when risk rises, and delay final settlement until one branch has decisively accumulated more work or the transaction has sufficient depth on all viable branches. Different validation rules can produce chain splits, false confirmations, and double-spend risk.
Let’s consider a chain split occurring at block height S.
Chain splits and determining overall global finality Suppose a deposit appears on Chain A at S+4 and on Chain B at S+6. Once both chains reach S+12, the deposit has substantial depth on each branch (assuming we are still using six-confirmations). Now, this number of six confirmations should change depending on the work on each branch. And it might be the case that the number of confirmations one would like to see would be different for each branch. The main point is that the operator must wait until both branches reach the requisite confirmations. The operator can at that point be confident that the transaction remains, not matter which branch becomes canonical.
If the transaction appears on only one branch, the operator should wait for that branch to win or apply chain-specific accounting. That would be the only way to ensure no double spending happens. In practice, monetary transactions should always eventually appear on both branches, since the BIP-110 chain does not prohibit monetary transactions.
Conclusion The main thing to be aware of is a chain split. If there is no split, then there is nothing that needs to be done differently. Even with a chain split, BIP-110 will not create insurmountable disruptions.
For corporations that may be impacted by a chain split, the main action to take is to lengthen confirmation times and monitor both branches. For node-running corporations that support the BIP, the main action is to start running it on their nodes, if they haven’t already.
Miners, as usual, should direct their hashrate based on their view of which branch will end up with the most accumulated proof of work. Exchanges and custodians should lengthen settlement procedures and maintain visibility into both chains, should a chain split occur. For the daily operations of most corporate Bitcoin users, BIP-110 changes very little, if it changes anything at all.
Disclaimer: This content was prepared on behalf of Bitcoin For Corporations for informational purposes only. It reflects the author’s own analysis and opinion and should not be relied upon as investment advice. Nothing in this article constitutes an offer, invitation, or solicitation to purchase, sell, or subscribe for any security or financial product.
Allard Peng
Research and Insights Analyst at Bitcoin for Corporations
In brief Jim Cramer says he is selling his Bitcoin after IBM CEO Arvind Krishna told him to get "paranoid" about crypto's cryptography within three or four years. The warning follows a July 30 IBM and University of Chicago demonstration of verified quantum advantage. Traders invoked the "Inverse Cramer" trade, a pattern so established that a fund once existed purely to bet against his picks. CNBC host and long-time crypto critic Jim Cramer is out on Bitcoin—again. This time it's over fears of the coming quantum computing threat, and it sounds like he might be out for good. Which is music to the ears of Bitcoin investors everywhere who prefer to be on the opposite side of the "Cramer trade."
"Should I be more careful?" Cramer asked late last week while interviewing IBM CEO Arvind Krishna, worried about whether quantum computers would be able to steal 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 did not wait three or four years. "I realize I'm waiting. Ethereum, really, maybe even worse. So I think that people have to take this man seriously because they're doing commercial quantum," he said while commenting on his interview. "Arvind Krishna knows quantum incredibly. He knows Bitcoin and quantum. And I'm going to sell mine."
"He's the man," Cramer continued. "Three, four years. David, you know when three, four years is going to happen? Like tomorrow."
The clip went around fast, pulling 89,000 views on X, and over 9,000 views on YouTube.
"Thank you Jim!" read one of the top replies. "Letssss goooooooooooo," went another. One user simply asked: "I thought he already did."
crypto twitter knows exactly where this is going
— DΔVO | SOLST/CE (@defidavo) August 4, 2026
Every time Cramer says sell, I add to my position. Been doing it since 2018. The inverse Cramer index remains undefeated.
— Bitcoin & Barbells (@Btcbarbells) August 4, 2026
The inverse Cramer tradeThat gratitude isn't sarcasm so much as strategy. Traders have spent years tracking the "inverse Cramer" pattern—the running joke that the reliable move is whatever he didn't say.
Somebody built a fund on it. Tuttle Capital launched the Inverse Cramer Tracker ETF in 2023, betting against his picks, alongside a Long Cramer fund betting with them. Both closed. The long version died first, the short version followed in February 2024 with $2 million in assets.
"We started it in order to point out the danger of following TV stockpickers, Jim Cramer specifically, and the total lack of accountability," portfolio manager Matthew Tuttle said. "We feel like we have accomplished that mission."
The Bitcoin record is why the meme stuck. Cramer said he'd sold everything and wouldn't touch crypto "in a million years" in December 2022, with Bitcoin at $16,796. It gained more than 400% over the next three years.
He reversed course in January 2024, calling Bitcoin a "technological marvel" that's "here to stay." He has also dared people to bet against him and pushed back on claims he called the top. Last Christmas, tracker Unbias logged his calls as fully bearish while Bitcoin sat near $87,500.
Bitcoin rose about 1.6% on the day he announced the sale.
It's worth noting, though, that no one we're aware of has confirmed the size of his position, or that it even exists. Cramer hasn't publicly shared any Bitcoin wallet addresses, so there's no way to check.
The part that isn't a jokeThe underlying research behind quantum is real, even if the timeline is arguable.
On July 30, IBM and University of Chicago researchers demonstrated quantum advantage with something previous milestones lacked—verification. Using 70 logical qubits and a new error-correction method, they ran a computation in about 15 minutes that classical methods can't feasibly reproduce, and proved the answer was right. That's the "Chicago study" Cramer kept referencing, and Decrypt covered what it means for Bitcoin.
Sampling circuits is not breaking elliptic curve cryptography. Those are different problems, and the second one needs machines far beyond anything demonstrated.
But the exposure is genuine. Coinbase's quantum advisory council estimates roughly 7 million Bitcoin could eventually be vulnerable through exposed public keys and address reuse. Ark Invest and Unchained call the threat real but not imminent. Post-quantum standards exist, and Bitcoin developers have been arguing about how to adopt them for years.
So Cramer picked a legitimate risk and doubled down on a timeline that remains debatable.
The market's response was to buy his exit. We'll see who's right.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Jim Cramer says he is selling his Bitcoin after IBM CEO Arvind Krishna told him to get "paranoid" about crypto's cryptography within three or four years. The warning follows a July 30 IBM and University of Chicago demonstration of verified quantum advantage. Traders invoked the "Inverse Cramer" trade, a pattern so established that a fund once existed purely to bet against his picks. CNBC host and long-time crypto critic Jim Cramer is out on Bitcoin—again. This time it's over fears of the coming quantum computing threat, and it sounds like he might be out for good. Which is music to the ears of Bitcoin investors everywhere who prefer to be on the opposite side of the "Cramer trade."
"Should I be more careful?" Cramer asked late last week while interviewing IBM CEO Arvind Krishna, worried about whether quantum computers would be able to steal 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 did not wait three or four years. "I realize I'm waiting. Ethereum, really, maybe even worse. So I think that people have to take this man seriously because they're doing commercial quantum," he said while commenting on his interview. "Arvind Krishna knows quantum incredibly. He knows Bitcoin and quantum. And I'm going to sell mine."
"He's the man," Cramer continued. "Three, four years. David, you know when three, four years is going to happen? Like tomorrow."
The clip went around fast, pulling 89,000 views on X, and over 9,000 views on YouTube.
"Thank you Jim!" read one of the top replies. "Letssss goooooooooooo," went another. One user simply asked: "I thought he already did."
crypto twitter knows exactly where this is going
— DΔVO | SOLST/CE (@defidavo) August 4, 2026
Every time Cramer says sell, I add to my position. Been doing it since 2018. The inverse Cramer index remains undefeated.
— Bitcoin & Barbells (@Btcbarbells) August 4, 2026
The inverse Cramer tradeThat gratitude isn't sarcasm so much as strategy. Traders have spent years tracking the "inverse Cramer" pattern—the running joke that the reliable move is whatever he didn't say.
Somebody built a fund on it. Tuttle Capital launched the Inverse Cramer Tracker ETF in 2023, betting against his picks, alongside a Long Cramer fund betting with them. Both closed. The long version died first, the short version followed in February 2024 with $2 million in assets.
"We started it in order to point out the danger of following TV stockpickers, Jim Cramer specifically, and the total lack of accountability," portfolio manager Matthew Tuttle said. "We feel like we have accomplished that mission."
The Bitcoin record is why the meme stuck. Cramer said he'd sold everything and wouldn't touch crypto "in a million years" in December 2022, with Bitcoin at $16,796. It gained more than 400% over the next three years.
He reversed course in January 2024, calling Bitcoin a "technological marvel" that's "here to stay." He has also dared people to bet against him and pushed back on claims he called the top. Last Christmas, tracker Unbias logged his calls as fully bearish while Bitcoin sat near $87,500.
Bitcoin rose about 1.6% on the day he announced the sale.
It's worth noting, though, that no one we're aware of has confirmed the size of his position, or that it even exists. Cramer hasn't publicly shared any Bitcoin wallet addresses, so there's no way to check.
The part that isn't a jokeThe underlying research behind quantum is real, even if the timeline is arguable.
On July 30, IBM and University of Chicago researchers demonstrated quantum advantage with something previous milestones lacked—verification. Using 70 logical qubits and a new error-correction method, they ran a computation in about 15 minutes that classical methods can't feasibly reproduce, and proved the answer was right. That's the "Chicago study" Cramer kept referencing, and Decrypt covered what it means for Bitcoin.
Sampling circuits is not breaking elliptic curve cryptography. Those are different problems, and the second one needs machines far beyond anything demonstrated.
But the exposure is genuine. Coinbase's quantum advisory council estimates roughly 7 million Bitcoin could eventually be vulnerable through exposed public keys and address reuse. Ark Invest and Unchained call the threat real but not imminent. Post-quantum standards exist, and Bitcoin developers have been arguing about how to adopt them for years.
So Cramer picked a legitimate risk and doubled down on a timeline that remains debatable.
The market's response was to buy his exit. We'll see who's right.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
