Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bitcoin (BTC) tested the $65,000 level despite political overhang from the US Senate’s delay on the CLARITY Act vote and renewed uncertainty after the US-Iran deal failed to materialize. Price action recap: after a rejection at $65,000 resistance, BTC slid to about $62,400, then to a monthly low near $62,200. A policy-driven relief move followed when Trump canceled planned strikes against Iran, lifting hopes of a permanent US-Iran deal (which Iran denied). BTC rebounded toward $63,800, dipped back near $62,200, and then climbed quickly to ~$64,000. The week’s push continued and BTC ultimately tapped ~$65,000 again. Event driver: the CLARITY Act setback came after the Senate delayed voting ahead of the August recess. Following that news, BTC dipped toward ~$64,000, but buyers returned, and BTC was last reported just below $65,000 (market cap about $1.3T; ~57% BTC dominance). Altcoin read-through: several majors outperformed over the week—ADA (+19%), ZEC (+11.5%), and XMR (+6.5%)—while XRP (notably) fell on the CLARITY delay, sliding to just above $1.0. Other notable crypto signals mentioned: LINK saw its biggest exchange outflow since June (over 1.25M LINK withdrawn in 24 hours). An analyst highlighted a potential bullish divergence in BTC, while others cautioned that leverage remains elevated. Ethereum was discussed with a possible path toward $3,000 after an on-chain breakout.

Carbon (on-chain prime broker) has opened public trading for its TradFi-native on-chain derivatives venue, consolidating 950+ instruments into a single account. The launch expands beyond its 530+ crypto perpetuals by adding 250+ Carbon TradFi markets across equities, indices, FX, and commodities, plus 150 always-on RWA markets. The core setup targets liquidity and rollout risk: Carbon says each TradFi position is hedged 1:1 at regulated off-chain venues via its “solver architecture,” while traders keep self-custody. Pricing and depth are sourced from the underlying TradFi/RWA markets (not a cold-start on-chain order book). Carbon claims this delivers full institutional depth on day one and aligns market opening hours/carry prices with the tracked assets. Initial coverage includes 200 stocks (US/EU/Asia), 62 FX pairs, 12 indices, and 8 commodities, with 150 more listings planned. Carbon also launched its Carbon Liquidity Provider (CLP) vault, a delta-neutral yield product funding the hedges behind trader flow, with modeled APY examples of 20.3% at launch utilization to 57.1% at maturity. Carbon runs on Arbitrum and reports $20B+ cumulative volume across 36K+ unique traders since going live in 2023. For crypto traders, this broadens TradFi-native on-chain derivatives execution while aiming to import deeper TradFi liquidity and reduce early liquidity frictions.

XRP price analysis shows XRP remains under sustained sell pressure versus both USDT and BTC, and the higher-timeframe structure stays bearish. On the XRP/USDT chart, XRP trades inside a descending channel and is below the 100-day and 200-day moving averages. The 100-day MA acts as dynamic resistance. The key focus is the $1.00–$1.05 support zone; buyers defended it recently, but a breakdown would signal weakening demand. If XRP loses this area, the next key downside target is around $0.90. Initial upside resistance sits near $1.25, with a broader cap closer to $1.50. Momentum also remains soft. RSI has slipped toward the lower end of its range, and there is no convincing bullish divergence, suggesting downside pressure may persist even as XRP approaches oversold. In the XRP/BTC pair, the latest XRP price analysis adds a fresh warning: XRP broke below the ~1,700 sats horizontal support after weeks of consolidation. That level has flipped to resistance. Next support is near 1,500 sats at the lower channel boundary. Bulls need to reclaim ~1,700 sats to stabilize, then target ~1,850 sats and a broader recovery above descending channel resistance and key moving averages. Traders should treat current levels as a make-or-break test for short-term relief rallies versus renewed XRP trend continuation lower.

Federal Reserve Governor Tom Barkin said the US job market is in a “weak balance,” describing conditions as “low hire, low fire.” He noted that recent hiring is cautious while layoffs remain subdued. Unemployment is cited around 4.3%–4.6%, pointing to a softening labor market without broad job cuts. For monetary policy, Barkin’s comments suggest less urgency for immediate tightening, as the US job market shows limited momentum for a strong employment surge. The Fed, led by Chair Jerome Powell, is closely monitoring labor and inflation signals when deciding whether to adjust interest rates. Market impact: prediction-market pricing has shifted. Traders appear to see the weak US job market as reducing pressure for a near-term rate hike, with odds for a hike before the Fed’s September 2026 meeting priced at 36% YES. What to watch next: FOMC statements and labor market data (plus inflation releases). A deterioration in employment trends could push expectations back toward tighter policy; an improvement could do the opposite.

CoinShares and Token Terminal report that tokenized real-world assets (RWAs) deposits into DeFi lending and trading venues more than tripled to $7.4B over the year through Q2 2025–Q2 2026. At the same time, broader DeFi contracted: total DeFi deposits fell about 15%, and spot volumes on decentralized exchanges dropped roughly 70%. In contrast, tokenized real-world assets spot trading volumes rose about 220%—a key sign of rotation within DeFi rather than a collapse of on-chain RWA activity. Derivatives show similar divergence. On-chain perpetual futures saw RWA trading volume and open interest keep climbing despite a slowdown that began in October 2025. RWA positions now account for more than a quarter of on-chain perpetuals open interest. Collateral is concentrated. Nearly 70% of tokenized RWA collateral sits on Ethereum lending venues. Plasma is the second-largest, supported by Aave’s expansion beyond Ethereum, while Solana’s growth has been largely driven by native RWA lending platform Kamino. Reported RWA deposits are concentrated around Aave, Morpho, and Kamino. Monetization remains early. Lending and trading application revenues fell across the year, except Hyperliquid, which generated substantially more application revenue and overtook Ethereum and Solana as the top revenue chain. Broader context: BlackRock launched tokenized money market fund vehicles on Solana and Ethereum (BRSRV alongside tokenized share classes related to BSTBL), reinforcing that “cash-like” traditional assets continue to be deployed on-chain.

Cardano (ADA) price has rallied more than 25% this week, trading around $0.201 after briefly pushing above $0.21. Traders are now watching whether ADA can hold the $0.20 zone, with the 4-hour chart pointing to near-term support at $0.195 and then $0.184. Technical signals are broadly constructive. ADA has moved back above Supertrend resistance near $0.171, which has flipped to support, and Aroon Up (92.86%) is far above Aroon Down (28.57%), suggesting recent highs are leading. On momentum, the 4-hour RSI is 60.19 (not overbought), while the upper Bollinger Band is around $0.207. Derivatives data adds nuance. A 3-day liquidation heatmap shows dense leveraged positions around $0.196–$0.198, which can amplify volatility. While some positioning still looks cautious—reports cite slightly negative funding and falling open interest—weekly futures volume reportedly rose from about $150M to nearly $650M, aligning with ADA spot accumulation. On-chain and ecosystem catalysts are cited for the rebound: a reported whale accumulation of ~240M ADA and Cardano development momentum, including the post–Van Rossem “Dijkstra development era” and expectations around Ouroboros Leios. However, DeFi fundamentals remain weaker, with TVL around $68M. Key levels for trading: a close above $0.207–$0.210 could extend the move toward $0.22, while losing $0.195 increases the risk of a drop toward $0.184. For U.S. traders, expectations of potential Fed rate cuts and an Oct. 23 spot ADA ETF deadline remain broader market catalysts.

Bitcoin yield products are gaining momentum as ETF holders, corporate treasurers and income-focused institutions look for ways to earn returns without selling spot Bitcoin (BTC). The article argues that Bitcoin itself has no staking rewards or protocol income, so past “Bitcoin yield” attempts typically imported return from other sources—along with hidden counterparty risk. It highlights a new approach: disclosed, protocol-underwritten yield. On Stacks, miners use Proof-of-Transfer to commit BTC into the Stacks network, distributing rewards in BTC. With sBTC, holders can lock BTC on Bitcoin L1 to receive an sBTC token pegged 1:1 to BTC, and then collect Stacks network rewards. The article cites a current rate around 0.5% APY (with potentially higher yield if STX is also locked). Trade-offs: floating rates and reliance on network “plumbing,” not borrower promises. Other sections cover margin and market-making. On exchanges and in DeFi, liquidity provision can cause underperformance via “impermanent loss.” Vault strategies and hedges aim to reduce this, while some users prefer lending Wrapped Bitcoin (WBTC) on money markets like Aave for more predictable returns. YieldBasis is described as using Bitcoin derivatives (WBTC and cbBTC) with 2× compounding leverage on a Curve LP position, targeting fee income while tracking BTC more closely; it reports over $4m in distributed fees and 4–5% current returns. Finally, the article notes “capital structure” yield: Strategy issues perpetual preferred stock (8–10% coupons) and a variable-rate instrument (STRC, cited around 12%), with payouts supported by an overcollateralised BTC balance sheet. Mainstreaming is illustrated by BlackRock’s BITA ETF, which holds spot BTC plus call selling (about 25–33% of holdings) to pay premiums monthly, potentially lowering implied volatility. Overall, the spectrum of Bitcoin yield is shifting: less base-layer issuance, more engineered risk premia across code, credit, and option markets.

German Bitcoin developer René Pickhardt said his self-custody fears reduced his Bitcoin accumulation, even though he expects upside. He said, “Security & key management always freaked me out,” framing the decision as risk management rather than criticism of Bitcoin. His comments followed renewed scrutiny after a Coldcard hardware-wallet incident linked to weaker randomness during seed phrase (private-key) generation. Security researchers connected certain Coldcard firmware configurations to more predictable seed phrases, potentially enabling remote key recovery without physical access to the device. Block’s researchers said the Bitcoin protocol itself was not broken; the issue concerned the randomness used to generate wallet seeds. Estimates cited by Galaxy Research suggest around 1,755 BTC was stolen across multiple attack waves from roughly 5,000 wallets. The figure is still under investigation, and Coinkite says patched firmware cannot “repair” seeds already created under vulnerable conditions. Users with affected seeds are expected to generate new ones securely and move funds on-chain. Pickhardt and Adam Back both highlighted the core trade-off of self-custody: removing exchange counterparty risk, but increasing user responsibility for key generation, backup, and recovery. For traders, the key takeaway is that custody risk is operational—hardware wallet security depends on firmware, entropy quality, and correct seed handling—so incidents can quickly change sentiment around on-chain ownership.

The U.S. Labor Department (BLS) reported that July nonfarm payrolls unexpectedly fell by 23,000, missing expectations for growth. The unemployment rate stayed at 4.1%, while wage momentum cooled: average hourly earnings for private nonfarm workers rose only 2 cents month-over-month, with a 3.2% year-over-year gain. BLS also revised prior months lower, reducing May by 66,000 and June by 37,000 versus earlier estimates, signaling broader labor market weakness. By sector, job cuts were concentrated in local government education (down 50,000), retail and trade (down 19,000), and financial activities (down 14,000). Healthcare added 22,000 jobs, but at a slower pace than the 12-month average. Traders should note that this nonfarm jobs miss is likely to raise recession concerns, while simultaneously strengthening expectations for Fed rate cuts. For crypto markets, weaker U.S. employment data often boosts “liquidity/ rate-cut” narratives in the short term, but if investors interpret it as a growth scare, risk assets can react negatively. The net effect depends on whether markets price a soft-landing cut cycle or a deeper slowdown.

Crypto Price Analysis reviews ETH, XRP, ADA, BNB and HYPE with traders focused on major support/resistance tests. ETH: Trading stays range-bound below $2,000. Sellers defend the $1,800 zone. If bulls fail to flip $1,800 to support, ETH may retrace toward $1,500. Traders also watch $2,000 for support confirmation, with $2,400 as the next upside target. XRP: XRP is pressing the ~$1 support area after a breakdown from recent pattern structure. Repeated tests suggest weakness. A clean loss of $1 risks a move toward $0.85. The “breakdown + retest” behavior around $1 is the key volatility trigger. ADA: ADA is the standout move, up roughly ~18% toward $0.20, but $0.23 caps upside. Support sits near $0.15. Bulls likely need to flip $0.23 into support to sustain any trend change away from the longer-term downtrend. BNB: BNB is mostly sideways, holding above the $580 decision zone, but broader downtrend pressure remains. If $580 fails to deliver upside follow-through, attention shifts to deeper support nearer $500. HYPE: HYPE faces overhead resistance around $64 (with earlier resistance seen near the low-$70s). After testing ~$52, it rebounded slightly, but sellers could regain control if $64 cannot be reclaimed. A loss of $52 weakens the near-term structure. Overall, this Crypto Price Analysis highlights defense zones (ETH $1,800 / XRP $1 / HYPE $52) and breakout conditions (ETH $2,000 / ADA $0.23 / BNB $580) that may drive short-term volatility.

Coldcard has temporarily halted its automatic customer data deletion due to legal obligations tied to a July 30 security incident. Under its normal policy, Coldcard “blanked” customer records after 120 days, keeping only email and country. After the July exploit, the company said it must preserve potentially relevant records for investigations and possible litigation. Coldcard says customers can still opt out of this legal retention by contacting support to apply the original retention schedule instead. The company also stressed that retained data will be restricted to authorized personnel and used only for compliance. The policy change follows a major hardware-wallet vulnerability linked by Galaxy Research to theft of 1,596 BTC from about 7,300 wallet addresses across three confirmed attack waves. Galaxy also flagged a potential fourth, unconfirmed wave that could raise total losses toward ~2,055 BTC. Earlier technical disclosures attribute the flaw to reduced seed randomness in affected firmware: instead of using the hardware-backed RNG, vulnerable devices relied on MicroPython’s deterministic PRNG during wallet seed generation. This allowed attackers to reproduce candidate wallet seeds offline, derive addresses, and compare against public blockchain data. Coinkite reports patched firmware for affected models and says updates only protect wallets created after the fix; users with vulnerable-generated seeds are urged to create new seeds and verify with test transactions.

Ethereum (ETH) is extending its recovery, reclaiming $1,900 and moving above the 20-day, 50-day, and 100-day moving averages after a rebound from the ~$1,850 area. The bigger downtrend is not fully healed yet because ETH still sits below the 200-day average near ~$2,062. The latest upside driver is US spot Ethereum ETF demand. Net inflows were about $92.15M on Aug. 6 (≈48,327 ETH at the reported price), after ~$60.86M on Aug. 5. BlackRock’s ETHA contributed about $50.34M on Aug. 6, and cumulative net inflows are now above ~$11.4B. Softer US jobs data (ADP ~44,000 vs. ~70,000 forecast) supported risk assets, though any renewed rate-hike expectations could cap gains. Traders are watching short-term levels. ETH is holding an intraday support band around $1,907–$1,850 (4-hour Supertrend near ~$1,850.62). Momentum remains constructive but not overheated, with 4-hour RSI around 61.7 (below 70). Liquidity/clearing zones sit above price near ~$1,925 and a wider band around ~$1,945–$1,955, which could act as upside magnets. A break above ~$1,925 may accelerate toward ~$1,950 and the psychological $2,000 level. If $1,900 fails, downside liquidity is noted near ~$1,890, ~$1,870, then ~$1,850–$1,860. Bottom line for ETH: the setup is bullish for a near-term push toward $2,000, but a daily close above resistance near $1,925 and a stronger move through the 200-day average (~$2,062) are key to confirming the trend improvement.

Bitcoin price is stalling just under $65K, trading around $64K and failing to reclaim the $66,000 resistance zone. Over the past 24 hours Bitcoin price slipped about 0.5% and over seven days is down roughly 0.6%. At the same time, U.S. spot Bitcoin ETF inflows remain supportive: ETFs pulled in $137.6M on Thursday, lifting four-day net inflows to about $763.6M. BlackRock’s IBIT led with $128.3M; Fidelity’s FBTC added $11.2M, while VanEck’s HODL saw outflows. A key macro and policy factor is timing. Senate leaders delayed the CLARITY Act vote until September, removing an expected August regulatory catalyst. Traders also face an immediate data window: July employment data (Aug. 7) followed by CPI (Aug. 12). Strong jobs or sticky inflation would likely reinforce tighter Fed expectations, which could pressure risk assets. On positioning, derivatives leverage is rebuilding but is still below prior peaks. CryptoQuant reported rising BTC open interest across Binance, Bybit and Gate.io, with total combined open interest around $8.86B—about 54% below the October 2025 high. Technical commentary suggests a clearer bullish shift may require a sustained break above $67K, targeting the $69K–$72K resistance band. For traders, the mix remains constructive for demand via Bitcoin ETF inflows, but the lack of a breakout keeps Bitcoin price action range-bound until the next data-driven catalyst.

XRP USD is trading near $1.03 and faces technical risk of losing the $1 psychological support level after the U.S. Senate delayed the CLARITY Act vote until September. The delay removes an immediate regulatory tailwind for Ripple, contributing to a near -2% 24-hour move, with intraday trading between $1.0153 and $1.039. Technically, XRP is at a two-year low and is approaching a support zone at the bottom of a weekly falling-wedge pattern. Monthly RSI is described as more oversold than ever. Traders are watching key levels: a bullish recovery would require a break above $1.10–$1.15, while a breakdown below $1.00 could open downside toward $0.92. Spot volume is also highlighted—buyers may need expansion above about $1.44B to sustain upside. On the policy front, Senate Majority Leader John Thune said consideration of the CLARITY Act would resume after the August legislative recess. Meanwhile, market participants weigh this against Ripple’s reported full compliance in Europe under MiCA and CASP in Luxembourg. Counterbalancing the headline risk, ETF flows remain supportive: spot XRP ETFs saw over $3M in inflows on the day, taking total inflows to about $1.43B since they launched in November 2025 (per CoinGlass data). Separately, the article mentions LiquidChain’s LIQUID presale and its cross-chain liquidity infrastructure, but this is presented more as sector capital rotation than as a direct XRP catalyst.

LBank has launched a 500,000 USDT reward campaign with Pudgy Penguins, aiming to drive new users and trading activity across spot, futures, and $PUDGY/PENGU earn features. The campaign runs from Aug. 7 and offers five reward categories tied to user engagement and risk-taking on LBank. Key incentives in the 500,000 USDT reward campaign include: (1) a registration bonus—new users who net-deposit at least 100 USDT to their futures account can receive a 10 USDT futures bonus (first 12,000 users); (2) a first-trade reward—an additional 5 USDT futures bonus after completing an eligible first spot or futures trade; (3) lucky draw entries—one entry per every 20,000 USDT cumulative futures volume, up to seven entries per user, with prizes including 1 BTC and merchandise; (4) weekly futures leaderboard—users with at least 10,000 USDT futures volume can place in top-50 rankings, with the largest weekly reward reaching 500 USDT futures bonus; and (5) $PENGU Locked Earn—users subscribing with at least 100 USDT-equivalent can get up to a 100% interest boost and 10% fixed yield during the earning period. For crypto traders, this 500,000 USDT reward campaign is mainly a liquidity and engagement catalyst on LBank’s futures books rather than a new token launch. Traders may see short-term incentive-driven volume spikes around leaderboard periods and eligibility cutoffs, but broader market impact is likely limited unless BTC or $PUDGY-related interest spills over to wider exchanges. Eric He (LBank) framed the effort as a culture-and-identity-driven onboarding push via a recognizable IP partner, positioning it as a “more welcoming” Web3 participation model.

CleanSpark reported a $239M net loss in its fiscal Q3, reversing year-ago profit as revenue dropped 30.5% to $138M and results missed estimates. The stock fell about 5.5% on Thursday before partially rebounding in pre-market, highlighting continued fiscal impact from Bitcoin mining weakness and BTC mark-to-market effects. The quarterly loss was $239M (about $0.89 per basic share). CleanSpark cited a fair value loss on Bitcoin of $224.1M, which made up nearly 60% of the total net loss—showing how sensitive Bitcoin mining equity earnings are to weaker BTC prices. At the same time, BTC holdings rose to $925.2M and cash was $260.3M, indicating ongoing balance-sheet buildup. New offsetting development: on July 14, CleanSpark signed a 20-year, 175MW AI data center lease at its Sandersville, Georgia campus, targeting about $6.6B in contracted revenue over the initial term. Management said it will commercialize assets for AI and high-performance computing (HPC) while continuing Bitcoin mining operations—potentially reducing earnings volatility over the longer term. For crypto traders: the near-term market signal is bearish for miners’ equity momentum due to Bitcoin mining revenue pressure plus BTC valuation losses, while the AI/HPC lease is a medium-term stabilizer rather than an immediate earnings reversal.

Gate has launched Gate DexBuilder’s first “Event Contracts Builder” and announced a $3 million grant program to accelerate the event contract market ecosystem. The initiative targets project teams, developers, communities, and web3 applications worldwide, offering one-stop event contract market building capabilities. The Event Contracts Builder is positioned to lower the barrier to creating market products. Using modular infrastructure services, it includes market creation, trading, liquidity support, settlement, and operational management—so teams do not need to build trading systems, liquidity infrastructure, or settlement architecture from scratch. The service supports API/SDK integration and includes market data, order and position management, market settlement, risk controls, an operations dashboard, and multi-terminal integration. Gate says partners can either integrate event contract functionality into existing products or launch an independently operated, branded event contract market on Gate DexBuilder. Supported scenarios include crypto assets, sports and esports, macroeconomics, AI, and industry events. Applications are open for projects at the ideation, MVP, testing, or live stages. For funding, Gate will provide selected “Builders” with up to $3 million plus ecosystem support across product development, technical integration, liquidity building, market launch, and user growth. Selected projects may also receive technical support, showcases, community exposure, joint AMAs, media promotion, and ecosystem partnerships. This is relevant for traders as Gate attempts to expand event-contract liquidity and activity via infrastructure and incentives—though the announcement is more ecosystem-focused than directly tied to major spot or derivatives tokens.

XRP price is hovering near $1.03 as exchanges rebalance leverage. CryptoQuant data show a venue shift in stablecoin-margined XRP open interest (OI): on July 31, Binance fell to about $186M (lowest since April 2025) while Bybit rose to roughly $229M, leaving a ~$43M gap. This is an XRP leverage reset that makes risk less uniform across venues. The market has a large derivatives vs spot imbalance: total XRP derivatives OI is near $2.36B, far above 24h spot volume of about $379M (CoinGlass). If Bybit’s larger book becomes the liquidation trigger, forced closes can transmit through arbitrage and market makers even for traders not directly using Bybit. Funding rates were near flat across venues (Bybit +0.001%, Binance +0.003%), so the key signal is OI concentration rather than obvious one-sided funding. Stress sizing in the article uses the OI base: assuming 45% directional exposure on Bybit, the vulnerable notional is roughly $52M in a bearish break scenario; a more extreme cascade assumption pushes that toward ~$112M. Price levels: $1.05-$1.10 is cited as a key support zone; losing $1.04 then $1 increases odds of a move toward $0.95-$0.97, with tail risk lower if broader crypto sells off. Polymarket odds (71.5% for XRP touching $1 in August) are treated as sentiment toward a binary $1 threshold, not a full forecast. Traders should watch whether the XRP leverage reset continues—i.e., Bybit OI declines and funding stays flat—or whether Bybit’s book holds while price slips.

American Bitcoin reported holding 8,002 BTC as of June 30, but 3,090 BTC (38.6%) remains restricted under Bitmain miner-purchase agreements. The company said it mined about 932 BTC in Q2, lifting holdings faster than share count growth, with per-share implied satoshis rising 10.52%. On cash flows, the American Bitcoin reserve strategy was not fully self-funding. In the first half, operations and digital-asset purchases used $129.1 million in disclosed cash, while ATM (at-the-market) share sales raised $144.1 million. The filings do not specify earmarking of ATM proceeds. Earnings details show about $67.0 million revenue in Q2. The article also highlights a unit-economics issue: reported cost per mined BTC excludes depreciation and amortization, so the metric may understate total costs. GAAP results included a $57.151 million net loss driven by noncash fair-value moves. For traders, the key takeaway is that American Bitcoin’s balance-sheet BTC is partially encumbered. That can reduce near-term flexibility to sell or monetize coins, but the firm still relies on equity issuance (ATM) to fund operations and purchases.

MyTrade founder Liu Zhou was fined $10,000 (no prison) after pleading guilty to conspiracy to commit market manipulation and wire fraud tied to wash trading bots. The U.S. DOJ said his service used a client dashboard (“Volume Support”) to let customers order daily fake volume that bots generated by repeatedly buying and selling the same assets across roughly 60 cryptocurrencies. Zhou told prospective customers the goal was to make other buyers lose money so the firm could profit, and the system could also be used for pump-and-dump style activity. The FBI used a sting with a fictitious firm, NexFundAI, including an Ethereum-based token that traded on Uniswap, to identify and document offered market-making “services.” The operation led to charges against 18 individuals/entities, including market makers Gotbit, ZM Quant and CLS Global. As part of the plea agreement, MyTrade MM had to stop selling Volume Support and permanently deactivate the bots, and post a notice that volume support is a form of wash trading and illegal under U.S. law. The case underscores regulators’ focus on wash trading and bot-driven volume inflation as enforcement pressure grows.

Deribit says it is reworking margin calculations for standard margin accounts as INTX consolidation brings many new perpetual instruments. From August 2026, the exchange will replace the old initial margin (IM) and maintenance margin (MM) formulas for futures and perpetuals (options margin is unchanged). The new SM margin model ties available IM leverage to coin and position size using a leverage curve with instrument-tier parameters (C1, C2, C3, C4) and a hard maximum position size limit (NMAX). Deribit calculates available leverage as L(N), where N is the position size in underlying units. Example: For a BTC perpetual (tier 1), Deribit cites C1=50, C2=4, C3=5%, C4=0.4, and NMAX=2,000. With a 150 BTC position (N=150), the maximum available IM leverage is about 27.73x. Deribit’s stated goal is tighter risk control over leverage across all position sizes and better handling of the expanding perpetual lineup. Traders should expect leverage caps to vary more dynamically with trade size, potentially affecting position sizing and liquidation risk around the August 2026 rollout.

Stripe-owned Bridge has been added to the EU MiCA register as an authorized Electronic Money Token (EMT) issuer, becoming the 42nd approved stablecoin-related entity. The move was granted by Luxembourg’s CSSF, enabling Bridge to offer regulated euro-backed stablecoin and euro payment services across all 27 EU member states under a single framework. ESMA also updated its MiCA register by adding three new German crypto-asset service providers (CASPs)—Volksbank Die Gestalterbank, VBU Volksbank im Unterland, and VR-Bank Erding—raising the total authorized CASPs to 324. No new asset-referenced token (ART) approvals were added in this update. Bridge previously secured both a MiCA CASP authorization and an EMI license in Luxembourg (announced July 2). With these approvals, businesses using Bridge’s infrastructure can issue customizable euro stablecoins, create named virtual IBANs, and provide euro accounts and cross-border euro account connectivity. Market context: after MiCA’s full implementation on July 1, several exchanges adjusted stablecoin support—for example, Coinbase/Kraken/Crypto.com removed USDT for EU users following Tether’s decision not to seek MiCA authorization, while Binance changed affected services. Stripe’s continued build-out of regulated stablecoin payments infrastructure adds another signal that compliant euro stablecoin rails are becoming more available.

The article argues the “pure-play” Bitcoin treasury model is changing. Many companies that previously focused on Bitcoin accumulation are exiting, and Strategy’s pivot from that approach into a credit-based model is now under strain. Citing VanEck’s Matthew Sigel, the piece notes a concrete example: Satsuma Technology (SATS LN) voted in July 2026 to liquidate 668 BTC (about $43.5M), return capital, and delist. Against this backdrop, a cash-flow-oriented successor model is emerging. Two competing directions are highlighted. Unchained quotes Onramp Institutional’s Glenn Cameron: (1) Strategy-like credit structures versus (2) a “permanent capital company” approach backed by a Bitcoin treasury. The article points to Orange Juice (proposed permanent capital company) with founders including Lyn Alden and Jeff Booth, and says that about a week later, Tether-backed Twenty One Capital disclosed an executive shake-up and a reworked strategy resembling the permanent capital concept. For traders, the key takeaway is that the Bitcoin treasury model debate is moving from “accumulate and hold” to “generate cash flow,” which could change how capital is deployed, how leveraged/credit risk is priced, and how equity-linked Bitcoin vehicles like MSTR may trade. The article frames the open question as whether cash-flow structures can replace the former flywheel that pure-play treasury strategies relied on—especially as macro conditions pressure funding and credit dynamics.

OKX delisting GODS, PRCL and DUCK spot trading pairs. The exchange scheduled the removal of six markets and issued a phased de-risking timeline for traders. Key dates: deposits for GODS, PRCL and DUCK stopped at 16:00 UTC on Aug. 7. Trading then remains available only during the delisting windows in mid-August. Withdrawals stay open until 16:00 UTC on Nov. 7. Delisting schedule: - Aug. 14 (16:00–18:00 UTC): GODS/USD, PRCL/USD, DUCK/USD - Aug. 17 (16:00–18:00 UTC): GODS/USDT, PRCL/USDT, DUCK/USDT OKX also indicated that additional quoted pairs in EUR and other combinations are removed as part of the same staged process across Aug. 14 and Aug. 17, completing all six affected spot markets listed in the notice. OKX delisting guidance: the company did not disclose a specific reason for the spot market removals. The separation of trading, deposit suspension, and the longer withdrawal deadline (~three months) is typical of exchange delistings, aiming to let users exit positions and move tokens off-platform. Broader context: the article links this move to OKX’s ongoing operational and regulatory adjustments across multiple jurisdictions, including app availability changes in South Korea and expanded regulated stablecoin conversion services in Europe.

XRP has secured full MiCA approval, improving its regulatory clarity and long-term outlook for EU market participants. The article says the news strengthens trader confidence, but warns that XRP still needs confirmation from technical chart signals before a sustained rally can be priced in. Alongside the MiCA update, EiCrypto promotes an AI-powered cloud hashing model that lets users use mainstream crypto (including XRP) to seek passive income rather than relying only on price appreciation. The pitch highlights automatic earnings settlement within 24 hours after contract activation and different contract tiers based on budget and timeframe. Key takeaway for traders: XRP’s MiCA milestone may boost sentiment, but market timing will likely hinge on follow-through demand and technical breakout behavior. Watch for whether volume and order-book strength expand after the regulatory catalyst, or whether the market treats it as “good news, no immediate move.”

South Korea’s National Police Agency has awarded an open tender for a one-year crypto custody contract to Dunamu (operator of Upbit). The custody and management of seized digital assets will be handled via Upbit Custody, using 100% offline cold wallets, 24/7/365 monitoring, and layered security with MPC, DKG and multi-signature controls. Wallets are also separated by asset type. The deal was awarded through the Public Procurement Service, with Dunamu receiving the highest technical evaluation score (94.14) and a contract value of 267 million won (about $195,000) for one year. The appointment follows prior concerns over police-held crypto, including a February incident in which 22 BTC went missing from custody. For traders, this is mainly a crypto custody contract and security-governance update rather than a direct market catalyst. Still, stronger institutional custody practices can shift sentiment around exchange and state-controlled holdings and their perceived operational risk.

Wyoming disclosed an indirect position tied to Hyperliquid’s HYPE token in its second-quarter Form 13F filing. The state did not report buying HYPE directly. Instead, it reported holding shares in Hyperliquid Strategies ($PURR), a publicly traded investment vehicle that provides exposure to HYPE. Crypto.news analyst Shaunda Devens highlighted the filing on social media, noting it adds a new digital-asset-linked holding within Wyoming’s broader crypto policy efforts. The article did not specify the position size or the exact timing of when the stake was established during the quarter. The disclosure arrives as Wyoming continues expanding its blockchain initiatives. Earlier in the year, Wyoming launched the Frontier Stable Token (FRNT), a government-managed dollar-backed stablecoin initially issued on Solana and later bridged across multiple networks. FRNT reserves are described as managed by Franklin Templeton and held in a Wyoming-chartered trust, with proceeds directed to public schools. Wyoming is also preparing to host the Wyoming Blockchain Symposium (Aug. 17–20), with senior policymakers and crypto executives expected to attend. For traders, the key point is that this is not a direct HYPE purchase by a state authority—HYPE exposure is indirect through a listed securities wrapper. Overall, the potential impact on HYPE price is likely limited, but the filing reinforces institutional “access via public equities” as a recurring route to crypto beta.

A new long-horizon study on the crypto market challenges the “altcoin bull market” narrative. Using data from 2020–2026 across 1,972 tokens that at some point exceeded $50M market cap, only 4.1% outperformed Bitcoin (BTC). The median token performance ends with a 97% loss. The paper also finds the key momentum trade has flipped. After 2022, the “altcoin momentum” setup turns negative: instead of gaining when prices rise, tokens lose about 3.8 percentage points per month on average versus BTC. In the strongest earlier cycle (2020–2021), upside capture was higher, but post-2023 conditions deteriorated. More alarming risk metrics follow the token “batch” lifecycle. For 2024-origin listings, 86% suffered a -90% drawdown within 24 months; overall, 73% of tokens eventually triggered a -90% move, and the median time from drawdown threshold to -90% was just 13 months. Even during “altcoin bull market” periods, results were concentrated: a small group of winners existed (e.g., the study notes OKB as a rare sustained outperformer), while most other former winners retraced 90%+. The article attributes the deterioration to token supply industrialization (VC-backed launches and permissionless issuers like pumpfun) outpacing liquidity and fundamentals, alongside increasing market concentration back toward BTC and the top 10 coins.

Bitcoin (BTC) is forming a potential bullish inverse head-and-shoulders pattern on the daily chart. The setup has three troughs: a left shoulder near $60,000 (early June), a head around $57,700 (late June/early July), and a right shoulder from roughly $62,500. Technicians define a neckline near $66,800. A decisive break and hold above this level would confirm the pattern and imply a rally target near $76,000, calculated by adding the pattern’s depth to the breakout point. However, the pattern is not confirmed yet, and technical analysis can be subjective. The article highlights a key downside check: the 50-day simple moving average near $63,321. A clear breakdown below the 50-day average would suggest the bullish structure is weakening rather than progressing toward a breakout. On the macro/regulatory side, uncertainty around the timing and odds of the proposed “Clarity Act” passing this year is flagged as a fading catalyst. That reduces confidence in near-term regulatory tailwinds, increasing traders’ need to watch for renewed weakness even as the chart signals a possible upside setup. Key levels for BTC traders: resistance/trigger at ~$66,800 and risk management around ~$63,321 (50-day SMA).