
The value of the university endowment’s holdings in the Bitwise Solana staking ETF, Grayscale Ethereum staking ETF and BlackRock’s iShares Bitcoin ETF dropped to about $12 million.

Payward grew revenue despite weaker crypto spot activity, as funded accounts jumped 42% and a growing share of revenue came from outside transaction-based activity.
Arthur Hayes has outlined a new “Yen-quake” macro thesis, arguing that efforts to support the Japanese yen could ultimately inject fresh dollar liquidity into global markets and become bullish for Bitcoin.
In his August 10 essay, Hayes focuses on the Federal Reserve’s FIMA Repo Facility, a mechanism that allows foreign official institutions to access dollars against US Treasury collateral. His argument is that a larger or more active FIMA channel could help Japan manage yen pressure without selling Treasuries outright, while still creating conditions that support risk assets.
It is an interesting theory. It is not confirmed policy.
That is the key distinction.
Hayes is laying out a speculative macro framework, not reporting that the Federal Reserve has already launched a new Bitcoin-friendly liquidity program.
For more details, visit the official Cryptotraderdigest platform.
Crypto traders watch the yen because Japan is deeply tied into global liquidity.
Yen weakness, Japanese government bonds, US Treasury holdings, carry trades, and central-bank coordination can all affect financial conditions. When funding markets shift, risk assets often respond.
Bitcoin has become part of that macro conversation.
Some investors treat BTC as a liquidity-sensitive asset. When global dollar liquidity expands, Bitcoin can benefit. When liquidity tightens, BTC often struggles. That relationship is not perfect, but it is strong enough that traders pay attention.
Hayes’ argument fits that framework.
The FIMA Repo Facility allows foreign central banks and official institutions to temporarily exchange US Treasury securities for dollars through repo transactions.
In theory, that can reduce pressure to sell Treasuries outright during periods of dollar demand. For a country like Japan, which holds a large amount of US Treasuries, the facility can be an important liquidity backstop.
Hayes’ argument is that using or expanding this channel could create more dollar liquidity.
More liquidity, in his view, could support Bitcoin, gold, and other assets that respond to monetary expansion.
That is the thesis.
The market needs to be careful here.
There is a big difference between a macro essay and an official Federal Reserve action. Hayes may be right about the incentives. He may be early. He may be wrong. The facility may or may not be used in the way he describes.
None of that is confirmed just because the theory is compelling.
Crypto markets are often quick to turn liquidity narratives into certainty. That can be dangerous. A trade built around expected policy action can fail if the policy never comes, arrives later than expected, or has a smaller effect than imagined.
Even with that caution, the thesis matters because Bitcoin traders are searching for the next liquidity catalyst.
ETF flows, corporate treasuries, stablecoin supply, rate expectations, fiscal policy, and global reserve management all feed into the same question: is there more money available to buy risk assets?
If the yen issue forces new dollar liquidity into the system, Bitcoin could respond.
If it does not, the thesis may remain just another macro scenario.
The important part is that Bitcoin is now mature enough to be discussed inside global liquidity mechanics. Traders are not only watching exchange flows anymore. They are watching central-bank facilities.
Hayes’ “Yen-quake” essay is best treated as a macro lens, not a forecast that must happen.
It gives crypto traders a framework for thinking about Japan, the Fed, Treasury collateral, dollar liquidity, and Bitcoin. That is useful, especially when markets are searching for a new catalyst.
But it should not be mistaken for confirmed coordination or guaranteed BTC upside.
The yen may become an important part of Bitcoin’s next macro story.
For now, it is still a theory.
This article is based on Arthur Hayes’ August 2026 “Yen-quake” essay.
This article was written by the News Desk and edited by Samuel Rae.
Solana climbed roughly 7% from its August 7 low to an August 10 intraday high, breaking above a descending trendline that had shaped price action since July.
Market data shows SOL moved from about $72.49 to $77.36 during the rebound. That is a meaningful short-term move, especially after several weeks of weaker momentum.
But it should not be treated as a confirmed long-term reversal.
A breakout from a multi-week downtrend can improve sentiment, but Solana still trades inside a broader market driven by Bitcoin, liquidity, ETF flows, risk appetite, and macro data. One rally changes the setup. It does not guarantee the next leg higher.
For more details, visit the official Coingecko platform.
Technical levels matter because traders watch them together.
If enough market participants see a descending channel or trendline, a break above it can change positioning. Shorts may cover. Momentum traders may enter. Spot buyers may regain confidence. Market makers may adjust hedges.
For Solana, the move from $72.49 to $77.36 gives bulls something to point to.
The asset had been under pressure, and a clean break from a downward pattern suggests selling momentum has at least slowed.
That does not mean the bearish case disappears, but it makes the chart less one-sided.
SOL rarely trades in isolation.
When Bitcoin weakens, Solana often feels it. When liquidity improves and traders rotate into higher-beta assets, SOL can outperform. That makes the asset sensitive to both crypto-specific catalysts and broader market mood.
A 7% rally is encouraging, but the next test is whether buyers keep defending higher levels if the wider market turns cautious.
Solana’s ecosystem remains active, but token price is still influenced by macro conditions, leverage, and capital rotation.
This distinction matters.
A price breakout does not automatically prove network adoption improved. It may reflect trading flows, technical positioning, short covering, or broader altcoin momentum.
Solana’s fundamentals should be measured through activity, developers, fees, apps, stablecoins, DeFi usage, NFT activity, payments, and infrastructure growth.
The price move is still worth covering because market structure matters, but it should not be confused with a full fundamental upgrade.
For bulls, the key is follow-through.
Breaking a downtrend is one thing. Holding above it is another. SOL needs sustained buying, higher lows, and enough volume to show the move is not just a brief relief rally.
If price slips back below the broken trendline, traders may treat the breakout as a fakeout.
If SOL consolidates above it, the market may become more confident that the July downtrend has lost control.
The next few sessions matter.
Solana’s 7% rebound is a positive short-term signal.
It shows buyers are still willing to step in around the low-$70s and that the market can respond quickly when technical pressure eases. But the move does not settle the larger question of whether SOL is entering a stronger trend.
For now, it is a breakout attempt with momentum behind it.
That is enough to put Solana back on traders’ screens, but not enough to declare a lasting reversal.
This article is based on public Solana market data for August 7–10, 2026.
This article was written by the News Desk and edited by Samuel Rae.
Coinbase has launched futures, options, and perpetuals for professional clients in the United Kingdom, expanding its derivatives offering through its MiFID authorization.
The rollout is not for UK retail users. Eligibility is limited to users classified as Professional Clients, which means they must meet criteria tied to trading activity, portfolio size, or relevant professional experience.
That is the most important detail.
Crypto derivatives can offer hedging, leverage, and more sophisticated trading strategies, but regulators draw a clear line between professional and retail access. Coinbase’s UK expansion gives qualifying clients more tools, while keeping retail users outside the product set.
For more details, visit the official Coinbase platform.
The UK has a complicated relationship with crypto derivatives.
Retail access has been heavily restricted, but professional and institutional markets continue to develop through regulated structures. Coinbase’s move fits into that gap: more advanced products for clients who meet professional standards.
For qualifying users, derivatives can be useful.
They allow traders to hedge spot exposure, manage risk, express views without holding the underlying asset, or structure more complex strategies around volatility and timing.
For Coinbase, the offering helps deepen its institutional and professional trading business in a major financial market.
The eligibility criteria matter because “professional” is not just marketing language.
Elective professional status typically requires users to meet certain thresholds. These can include trading frequency, portfolio size above €500,000, or relevant professional experience in financial markets.
That means a casual UK crypto user should not expect access.
This distinction protects the accuracy of the story and the regulatory framing. Coinbase is not reopening crypto derivatives to everyone in the UK. It is expanding access within a defined professional-client framework.
That may still be commercially meaningful, but it is not a retail mass-market launch.
Spot trading is only one part of a mature market.
Derivatives are where many professional traders manage exposure. Futures and options can support hedging, basis trades, volatility strategies, and risk transfer. Perpetuals, while crypto-native, are also central to liquidity and price discovery in digital assets.
Offering these products to UK professionals gives Coinbase a more complete trading stack.
It also helps the exchange compete with other venues serving institutional and sophisticated crypto clients.
The more regulated venues offer derivatives, the more professional flow may move away from purely offshore platforms.
The announcement may be especially relevant for larger assets such as Bitcoin and Ethereum, because professional derivatives demand usually starts with the most liquid markets.
Institutions are more likely to trade products where spreads are tight, liquidity is deep, and risk models are mature. That tends to favor BTC and ETH first, before moving further into altcoins.
Over time, derivatives access can help build more efficient markets around major crypto assets.
But efficiency cuts both ways. Leverage can support liquidity, but it can also amplify volatility when positioning gets crowded.
Coinbase’s expansion is another sign that the UK crypto market is becoming more segmented.
Retail users face one set of rules. Professional clients face another. Regulated firms are building inside those boundaries rather than waiting for a single open market.
That may frustrate some users, but it is likely how crypto integrates into traditional finance.
The immediate takeaway is clear: Coinbase is giving UK professional clients access to a broader derivatives suite, but ordinary retail investors are not included.
Crypto derivatives are expanding in the UK, but only through the professional lane.
This article is based on Coinbase’s official UK derivatives announcement.
This article was written by the News Desk and edited by Samuel Rae.
Riot Platforms has signed a long-term data center lease agreement tied to Anthropic, giving the Bitcoin miner another route into AI and high-performance computing as miners continue looking beyond block rewards.
The company’s filing describes a 20-year lease agreement for 191 megawatts of critical IT capacity at its Rockdale campus. The deal carries total revenue potential of up to $16.1 billion if extension options are exercised.
That is a huge number, but it needs careful framing.
This does not mean Riot is abandoning Bitcoin mining. It means the company is using its power portfolio and data-center footprint to diversify into AI compute, a strategy more miners are exploring as energy assets become valuable beyond crypto.
For more details, visit the official Sec platform.
Bitcoin miners are energy infrastructure companies as much as crypto companies.
They own or lease power capacity, operate large facilities, manage cooling, negotiate grid relationships, and build data-center environments. Those skills overlap with AI and high-performance computing, even if the hardware and customer base are different.
AI companies need power. They need data centers. They need long-term capacity.
Miners already have some of the hardest pieces in place.
That is why the sector has spent the last few years exploring whether mining sites can be repurposed or expanded for AI workloads.
Riot’s Rockdale campus has long been one of its key infrastructure assets.
A 191 MW lease tied to critical IT capacity shows how valuable that infrastructure can be when pointed at AI demand. Unlike Bitcoin mining, where revenue depends heavily on BTC price, network difficulty, block rewards, and fees, long-term compute leases can create more predictable contracted revenue.
That predictability is attractive.
Bitcoin mining is cyclical. AI compute demand is currently intense. A miner that can serve both markets may be better positioned than one relying on mining alone.
The risk is execution. AI data-center customers require different standards, capital expenditure, service-level expectations, and operational reliability.
The market should avoid overreacting in either direction.
This is not proof that Bitcoin mining is dead. It is also not a guarantee that every miner can become an AI data-center company. Power access gives miners a head start, but AI infrastructure is not just mining with different machines.
Customers like Anthropic need high reliability, networking, cooling, uptime commitments, and specialized buildouts.
Still, Riot’s agreement shows that the mining industry’s power assets have optionality. In a world where AI companies are desperate for energy and capacity, miners may have more leverage than the market once assumed.
The headline revenue potential of up to $16.1 billion is striking, but investors need to remember the “if.”
That figure depends on extension options and long-term execution. It should not be treated as immediate guaranteed revenue. The base lease, customer demand, buildout milestones, and future options all matter.
Long-term contracted capacity can be valuable, but the value unfolds over time.
For investors, the key questions are capital cost, margin profile, timing, counterparty obligations, and how the AI business sits alongside Riot’s mining operations.
The larger shift is that miners are starting to think less like pure BTC producers and more like power monetization platforms.
Sometimes the best use of power is mining Bitcoin. Sometimes it may be AI compute. Sometimes it may be grid services, hosting, curtailment programs, or hybrid models.
That flexibility could reshape the sector.
Miners with strong power assets may be valued differently from those with only machines and thin margins. Riot’s Anthropic-linked lease points in that direction.
Bitcoin mining remains part of the story. AI compute is becoming another chapter.
This article is based on Riot Platforms’ August 2026 corporate filing and data-center lease disclosure.
This article was written by the News Desk and edited by Samuel Rae.
On August 13, Trezor disclosed that a data breach at its shipping partner, ShipMonk, exposed the personal information of roughly 13,700 recent customers, including names, phone numbers, and home addresses.
Binance founder Changpeng Zhao (CZ) responded by arguing that the incident shows a real advantage of software self-custody wallets, since they don’t require shipping a physical device that ties a buyer’s identity to a home address.
Trezor disclosed the incident after ShipMonk, a logistics provider, notified the company on Monday, August 10, about unauthorized access to systems holding customer order data.
CZ reacted on Thursday, contending that the incident highlights a different risk profile for hardware and software self-custody.
“Hardware wallets are often considered ‘more secure’ than software wallets,” he wrote. “While I still think that is ‘generally true’ in a few specific aspects, this incident reinforces an advantage of software self-custody wallets.”
He pointed to examples such as Binance Web3 Wallet and Trust Wallet, which do not require shipping a physical device that ties a user’s identity and address to crypto ownership.
CZ also stopped short of dismissing hardware wallets. “Not saying hardware wallets are ‘bad,'” he wrote. “Just different profiles.” He added that YZiLabs is an investor in many hardware wallet companies.
Contributing to the debate, NaoX Protocol said the exposed addresses could give attackers a list of verified crypto holders worth targeting in person. Bitcoin security executive Nick Neuman similarly warned that the data could lead to targeted social engineering and potentially wrench attacks, where criminals use physical threats to steal funds.
Trezor said customers could face more sophisticated phishing through email, phone calls or letters. It urged users never to enter their wallet backup online or share it with anyone.
The timing adds to a run of bad headlines for hardware wallet makers. In mid-July, on-chain investigator ZachXBT called the category unfit for serious use, writing on Telegram that “all hardware wallets are complete garbage.”
He argued a spare phone used only for signing transactions could work better, citing dead batteries, forced firmware updates, and interface bugs as recurring problems. The Trezor breach is a different kind of failure, as it involves exposure through a vendor rather than the device, but it fits the same conversation about costs beyond the seed phrase.
Furthermore, last week, Galaxy Research linked more than $100 million in stolen Bitcoin to a separate issue in older Coldcard firmware, which generated wallet seeds with weaker randomness than intended. Coinkite has patched the flaw in newer releases but cannot fix seeds already generated on affected devices and has told holders of its Mk3 through Q models to move funds to unaffected hardware.
This isn’t the first time Trezor has found itself in such a situation, with a separate breach tied to a third-party support vendor exposing contact details for around 66,000 users in January 2024.
The post CZ Says Software Wallets Avoid Risks Seen in Trezor Leak appeared first on CryptoPotato.
The cryptocurrency market is another sea of red today (August 14), with Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and many more posting losses.
However, Cronos (CRO) has defied the ongoing pullback, and some analysts believe its price could pump even higher if it clears key levels.
The last several days have been quite eventful for CRO, which experienced severe volatility. Earlier this month, Trump Media (the entity behind Truth Social) withdrew its intentions to ink an ETF deal with Crypto.com and backed off its plans to accumulate $6.4 billion in CRO.
The token reacted negatively to the news, tumbling to around $0.046, its lowest level in the past three years. It spent the next few days trading below $0.05 before bulls finally reclaimed that mark (albeit briefly) earlier today. As of this writing, CRO trades at around $0.048 (per CoinGecko), representing a 5% daily increase.

The most likely catalyst for the resurgence appears to be Ryan Wyatt’s announcement. The CEO of Cronos App revealed that next month the platform “goes global to everyone” on iOS and Android. He said that users can access sports, stocks, crypto, and perps, and that they are “just getting started.”
“More to share in the future: plans for CRO, sharing future feature rollouts, a desktop version of Cronos, and more,” he added.
Analyst Crypto With Gopal claimed that the price has formed a double bottom after retesting the $0.046 support zone twice, with buyers defending that zone and building a potential reversal base.
“The key confirmation is a breakout above $0.050 resistance. A confirmed breakout could open the way toward the chart’s $0.055 target. Market sentiment: Bullish setup – $0.050 breakout is the trigger,” he concluded.
Wyatt’s disclosure has indeed triggered a clear price increase in CRO, yet it is unlikely to cause a sustainable rally. The excitement may soon fade, and sellers could retake the helm, while the persistent bear market isn’t helping either.
Another negative factor is CRO’s Relative Strength Index (RSI), which has risen to around 74. This suggests the asset has entered overbought territory and could be gearing up for a short-term pullback. The technical analysis tool ranges from 0 to 100 where anything below 30 is usually viewed as a buying opportunity.

The post Cronos (CRO) Rises 5% Daily Following Major Ecosystem News: Details appeared first on CryptoPotato.
In XRP news today, Evernorth is changing the number of shares issuable to investors in connection with its proposed business combination with Armada Acquisition Corp. II.
The amended subscription agreements tie the share count to XRP’s value at closing, measured by its volume-weighted average price, rather than the $2.36 XRP price used when the business combination agreement was signed.
The company said the amendment is intended to align its capitalization with the market value of its underlying XRP holdings at closing.
Evernorth, which is seeking to become a publicly traded digital asset treasury through the transaction, said the revised terms were filed in an amended Form S-4 registration statement with the U.S. Securities and Exchange Commission.
Why is Evernorth reworking its Nasdaq deal before it even lists?
Timing matters here this is happening ahead of the Armada II merger close, not after.
The shift: XRP-per-share now floats with price at closing instead of a fixed $2.36 anchor, meaning share count adjusts to…
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) August 14, 2026
Investors subscribed through a series of private placements at $10.00 per share, with most funding in advance and others on a delayed basis, according to Evernorth. Under the revised structure, the number of shares issuable at closing will be adjusted based on XRP’s value at that time.
Evernorth said the restructuring is expected to reduce the number of shares issued at closing based on XRP’s current trading price. With the company’s net asset value spread across fewer shares, each share would represent a larger portion of Evernorth’s XRP treasury. The company said the adjustment mechanism operates in both directions depending on XRP’s value at closing.
The change is designed to address the difference between XRP’s value at signing and its value at closing, prior to the planned public listing.
Evernorth said this approach is intended to give public investors exposure on terms better aligned with the net asset value of each share, rather than on a valuation based on historical XRP prices.
In other XRP news, investors representing more than 95% of committed capital, including all of Evernorth’s advance funders, have agreed to the revised terms, the company said. The Armada II sponsor has also agreed to adjust its founder shares on the same proportional basis as the advance funding investors.
Evernorth said the sponsor adjustment is intended to share the impact of the restructuring broadly across stakeholders. Management and Evernorth’s founding investors believe the amendment will produce a capitalization structure that more accurately reflects the value of the company’s XRP holdings at closing.
Asheesh Birla, Evernorth’s founder and chief executive, said the revised approach is intended to preserve alignment among investors while supporting the company’s strategy of building institutional access to the XRP ecosystem. He also pointed to the advance funding group’s support for the amended terms.

(SOURCE: TradingView)
Evernorth’s investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken and GSR, among others. The business combination is expected to close in late Q3 or early Q4 2026, subject to SEC review and customary closing conditions.
The registration statement is not yet effective. Evernorth and Armada II said shareholders will receive a definitive proxy statement and other relevant documents when available in connection with a vote on the proposed business combination.
Evernorth said its holdings and strategy remain unchanged. The company plans to focus on growing XRP per share through capital allocation, participation in the XRP ecosystem, and treasury operations as it pursues its planned public-market debut.
The post XRP News: Evernorth Revises Share Terms to Reflect XRP Value at Closing appeared first on 99Bitcoins.
XRP traded at $1.02 today. At that level, the token was approximately -70% below its 2025 peak near $3.50. A return to $3 in 2026 for Ripple would therefore depend on a recovery in price momentum as well as the institutional and regulatory factors that underpin the more bullish forecasts.
Worryingly, the past three sessions have seen no inflows or outflows into Ripple ETFs, potentially signaling a dwindling institutional interest in the asset.
The same snapshot placed XRP’s market capitalization at $64Bn and reported 24-hour trading volume of $1.2Bn. XRP had declined from late-November highs near $2.20 to longstanding support at the $1 level, while a pattern of lower highs describes a bearish short-term structure.
ALTCOIN: $XRP just broke $1. ETF inflows: ZERO. $8.45M longs liquidated. Network activity down 44%.
Whales just bought 380M XRP anyway. CPI on deck — does $1 hold?
pic.twitter.com/2OWPsKMQC5
— CoinMarginalX (@CoinMarginalX) August 11, 2026
XRP exchange-traded products are a major factor in the 2026 debate. The supplied evidence reports more than $1.15Bn in combined inflows since their November 2025 launch and 30 consecutive trading sessions of net inflows. Those figures point to institutional interest even as XRP’s price remained below its 2025 peak.
For a move toward $3 to gain support from this narrative, inflows would need to remain durable. The evidence also describes a longer-term scenario in which ETF inflows scale beyond $4Bn alongside regulatory progress. That outcome is a condition in bullish projections, not a confirmed result.
CoinGlass data shows that total net inflows for XRP ETFs currently sit at $776M since they went live in November 2025. However, inflows have slowed down considerably in recent times, with the past three sessions seeing no money flowing into or out of the funds.

(SOURCE: CoinGlass)
DISCOVER: Best Meme Coin ICOs to Invest in 2026
Standard Chartered projected that XRP could reach $8 by the end of 2026, with sustained ETF inflows and regulatory clarity cited as drivers. The Motley Fool offered $3 as a realistic 2026 target.
Other estimates in the supplied evidence ranged from a CoinCodex projection of $2.75 by end-2026 to a Changelly model forecasting an average price of $5.12 in 2026.
These estimates are forecasts rather than guarantees, and their range reflects uncertainty around market conditions, fund flows, and regulation.
The technical analysis also presented a bearish path toward $0.95 before a potential recovery, underscoring the difference between near-term risk and longer-term bullish cases.


(SOURCE: DefiLlama)
XRP’s cross-border payments use case remains part of its longer-term investment narrative. The evidence, however, notes that many banks use RippleNet’s messaging stack without adopting XRP for liquidity. That distinction leaves real-world settlement use as an important factor to monitor alongside ETFs and regulation.
A path toward $3 in 2026 would be supported by persistent institutional demand, greater regulatory clarity, and improving market conditions.
It would also require XRP to overcome the technical resistance and bearish momentum described in the December snapshot. The available forecasts show that $3 is within the range of published expectations, but they also show that the outcome remains uncertain.
DISCOVER: Next Possible 1000x Crypto in 2026
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The post XRP Price Prediction: Can Ripple Reach $3 in 2026? appeared first on 99Bitcoins.
Romero's move to Atletico Madrid strengthens their defense while offering Spurs financial leverage and a fresh start post-turbulent tenure.
The post Cristian Romero bids farewell to Spurs ahead of Atletico Madrid move appeared first on Crypto Briefing.
Midnight's beta testing could revolutionize blockchain privacy and interoperability, potentially attracting enterprise interest and cross-network collaboration.
The post Cardano founder Charles Hoskinson announces Midnight enters beta testing appeared first on Crypto Briefing.
Tokenization-linked stocks have fallen as much as 11.2% after legal and market concerns reportedly delayed the SEC’s planned innovation exemption for blockchain-based securities. According to fresh reports on Friday, the Securities and Exchange Commission was preparing to delay its innovation…
Israel’s largest bank has partnered with Galaxy to offer Bitcoin, Ether, and Solana trading through its investment app from early 2027. Galaxy announced the partnership with Bank Leumi on Aug. 14, saying the planned service will let customers buy, hold,…
A **crypto debit card** lets you buy stuff with **cryptocurrency**. It works like a regular debit card but connects…
The post What Is a Crypto Debit Card appeared first on Coinlabz.
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ChainCatcher 消息,博通周五盘中一度跌近 7%,市场对其 AI 基础设施扩张背后的融资模式表示关注。美国银行分析师估计,博通为 AI 芯片客户搭建的融资平台到 2029 年年中可能累积高达 3,700 亿美元的优先债务。博通已为部分客户租赁付款提供担保,首笔交易担保规模约 290 亿美元。
TLDR Rocket Lab secures a $397M Space Force contract for Flatellites deployment. RKLB slips 0.49% as defense contract growth strengthens government business. Flatellites support airborne threat tracking through low-latency space systems. Rocket Lab’s 2026 U.S. defense contracts now total...
The post บาคาร่าออนไลน์ เว็บตรง อันดับ 1 เล่นบาคาร่าสด ปลอดภัย จ่ายจริง appeared first on https://dumbbell-exercises.com/.
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Ethereum (ETH) remains one of the most closely watched assets in the cryptocurrency market. After a period of significant volatility, ETH has been attempting to stabilize and rebuild momentum. Recent market data places ETH around the $1,900 area in early August, although intraday prices can move quickly in the crypto market. (Reddit)
The recent price action suggests that Ethereum is trying to establish a base after its earlier decline. ETH has been trading in a relatively tight range around the $1,900–$1,915 region in recent sessions, with trading activity moderating compared with the stronger volumes seen during previous moves. (Reddit)
For bulls, the most important development would be a sustained move above the recent resistance zone. A breakout supported by stronger volume could signal that buyers are gaining control and potentially open the door toward higher resistance levels.
On the other hand, failure to hold the current trading range could bring renewed selling pressure. Traders should therefore focus on confirmation rather than assuming that every short-term bounce represents the beginning of a major rally.
Ethereum has faced several challenges during this market cycle. ETH has underperformed Bitcoin significantly, while the ETH/BTC ratio has remained under pressure. Earlier research highlighted that Ethereum’s drawdown from its 2025 high was considerably larger than Bitcoin’s, showing how much weaker ETH’s relative performance had become. (DHLm Studio)
One important issue is value capture. Ethereum’s Layer-2 ecosystem has expanded rapidly, but greater activity on Layer-2 networks can also reduce the amount of activity and fees directly captured by Ethereum’s mainnet.
At the same time, this scaling strategy has produced major benefits for users. Research published in 2026 found that Ethereum’s upgrades had substantially increased throughput across the mainnet and Layer-2 ecosystem while median transaction fees had fallen sharply. (arXiv)
This creates an interesting long-term trade-off: Ethereum is becoming cheaper and more scalable, but investors are still assessing how that growth translates into value for ETH itself.
Ethereum’s investment case is not based purely on price speculation. The network remains a major infrastructure layer for decentralized finance, stablecoins, tokenized assets and smart contracts.
Network revenue data also shows that stablecoin transfers remain an important source of Ethereum activity. A 2026 market review found that stablecoin transfers represented the largest share of Ethereum Layer-1 revenue among the sectors analyzed. (Kraken)
This matters because sustained real-world usage can provide a stronger foundation for ETH demand than speculative trading alone.
Another factor worth watching is institutional exposure to ETH.
Corporate Ethereum holdings grew substantially during 2025, with companies building ETH treasury strategies and treating the asset as a longer-term balance-sheet holding. (Business Standard)
The thesis is different from simply holding cash. ETH can potentially provide staking rewards while also giving institutions exposure to Ethereum’s broader ecosystem.
However, corporate accumulation should not automatically be interpreted as a guarantee of higher prices. These strategies can change with market conditions, financing costs and investor sentiment.
From a technical perspective, ETH traders should focus on three broad areas:
1. Current support zone
The $1,900 region has recently acted as an important area of price consolidation. Holding this zone would help maintain the short-term recovery structure.
2. Psychological resistance
The $2,000 level is an important psychological barrier. A convincing move above it could improve market sentiment and attract additional momentum traders.
3. Higher resistance
If ETH successfully breaks above $2,000 and establishes support there, the market could begin testing higher resistance zones. The strength of volume will be important because a breakout without meaningful participation can quickly turn into a false move.
Several factors could strengthen the bullish case:
A combination of these factors would provide a much stronger signal than price appreciation alone.
There are also several risks.
Bitcoin continues to influence the direction of the broader crypto market, meaning a major BTC correction could put pressure on ETH regardless of Ethereum’s own fundamentals.
Ethereum also faces intense competition from other blockchain ecosystems. Lower transaction costs and faster networks are positive for users, but Ethereum must continue attracting developers, liquidity and applications to maintain its position.
Finally, macroeconomic conditions remain important. Higher interest rates, tighter liquidity and weaker risk appetite can reduce demand for volatile assets such as cryptocurrencies.
Ethereum’s current setup is best viewed as a recovery attempt rather than a confirmed new bull trend.
The recent stabilization around the $1,900 area is encouraging, but ETH needs to reclaim important psychological and technical resistance with stronger volume before the bullish case becomes more convincing.
The most important question is not simply whether ETH can move higher for a few days. The bigger question is whether Ethereum can convert its growing ecosystem, scaling improvements and institutional interest into sustained demand for ETH.
If buyers successfully reclaim major resistance and the broader crypto market remains supportive, ETH could enter a stronger recovery phase. If resistance continues to hold and volume remains weak, consolidation or another retest of lower support levels remains possible.
Ethereum remains one of the most important assets in the digital-asset ecosystem, but its price recovery faces both opportunities and challenges.
The short-term picture depends heavily on price structure, volume and Bitcoin’s direction. The longer-term picture depends on Ethereum’s ability to maintain its dominance in DeFi, stablecoins, tokenization and smart-contract infrastructure while ensuring that network growth translates into meaningful value for ETH.
For traders, the key is confirmation. For long-term investors, the more important story may be whether Ethereum’s expanding ecosystem can continue generating sustainable demand over time.
As always, cryptocurrency markets are highly volatile, and technical levels can change quickly. This article is for educational purposes and should not be considered financial advice.

Glamsterdam is a planned Ethereum network upgrade (hard fork) that bundles together several Ethereum Improvement Proposals (EIPs). Rather than introducing a single revolutionary feature, it focuses on incremental improvements that optimize network performance, transaction efficiency, and validator operations.
Ethereum’s development philosophy emphasizes continuous improvements instead of one-time overhauls. Glamsterdam follows this approach by refining existing systems while preparing the network for future innovations.
Ethereum processes millions of transactions and supports thousands of decentralized applications (dApps). As adoption grows, the network must continuously improve to address challenges such as:
Each network upgrade builds on previous improvements to keep Ethereum competitive while maintaining decentralization.
One of Glamsterdam’s primary objectives is optimizing how Ethereum processes transactions and executes smart contracts. Even modest efficiency gains can reduce network load and improve user experience during periods of high activity.
Ethereum’s long-term scaling strategy relies heavily on Layer-2 solutions such as Optimism, Arbitrum, Base, and zk-rollups. Glamsterdam is expected to further support this ecosystem by making Layer-2 integrations more efficient and cost-effective.
Protocol optimizations may reduce unnecessary computation and improve resource utilization, helping validators and developers operate more efficiently.
Ethereum developers benefit from protocol improvements that simplify smart contract development, increase reliability, and reduce unexpected execution costs.
For everyday ETH holders, the Glamsterdam upgrade is expected to be seamless.
Users generally will not need to:
Wallet providers, exchanges, and infrastructure services typically handle the technical changes automatically.
Validators help secure Ethereum through Proof of Stake. Glamsterdam may introduce protocol refinements that improve validator performance and optimize how the network processes blocks and transactions.
These improvements strengthen network stability without changing Ethereum’s fundamental consensus mechanism.
Developers building decentralized applications may benefit from:
As Ethereum continues growing, these improvements make it easier to build scalable applications.
Ethereum’s scaling roadmap increasingly depends on Layer-2 networks.
Rather than processing every transaction directly on Ethereum’s main chain, Layer-2 solutions handle most activity off-chain while settling their final state on Ethereum.
Glamsterdam supports this vision by improving the underlying protocol, making Ethereum a stronger settlement layer for the expanding Layer-2 ecosystem.
Network upgrades often generate excitement within the crypto community, but protocol improvements do not automatically translate into immediate price appreciation.
The long-term impact depends on factors such as:
Historically, successful upgrades have strengthened Ethereum’s fundamentals, although short-term market reactions have varied.
Every Ethereum upgrade undergoes extensive testing before deployment. Developers use public testnets, multiple independent client implementations, and security audits to minimize risks before activation on the mainnet.
This cautious development process has become one of Ethereum’s defining strengths.
The Glamsterdam upgrade reflects Ethereum’s philosophy of continuous improvement. Instead of relying on dramatic changes, Ethereum advances through carefully tested upgrades that steadily improve scalability, efficiency, and security.
As decentralized finance, tokenization, gaming, artificial intelligence, and real-world assets continue expanding on Ethereum, upgrades like Glamsterdam help ensure the network can support the next generation of blockchain applications.
The Glamsterdam upgrade is another important milestone in Ethereum’s long-term roadmap. While users may not notice dramatic changes immediately, the upgrade is expected to strengthen the network’s infrastructure, improve efficiency, support Layer-2 growth, and enhance the developer experience.
Ethereum’s evolution is a marathon rather than a sprint. Each upgrade brings the ecosystem closer to its goal of becoming the world’s most secure, decentralized, and scalable smart contract platform, laying the foundation for broader adoption in the years ahead.
The new report maps the illicit and legitimate uses of crypto privacy tools, drawing on data from TRM Labs, Chainalysis, the RAND Corporation, the United Nations Office on Drugs and Crime (UNODC), Statista, and U.S. Treasury Department disclosures. It argues that the current regulatory focus is aimed at the wrong layer of the transaction stack.
In early 2026, Polygon Labs announced $250 million in acquisitions of Coinme and Sequence to expand its stablecoin payments infrastructure. Coinme provides licensed US fiat on- and off-ramps with a nationwide retail footprint, while Sequence adds enterprise wallet infrastructure and one-click cross-chain transaction capabilities. Together, these additions strengthen Polygon’s position in regulated, production-grade stablecoin payments.
Caroline Crenshaw’s departure from the SEC on January 2 marks a turning point for crypto regulation in Washington. The longtime cryptocurrency skeptic’s exit leaves the commission operating under a 3-0 Republican majority—a historic shift that clears the way for Paul Atkins’ pro-innovation agenda to move forward without meaningful internal opposition.
Crenshaw spent over a decade at SEC agency, consistently raising concerns about cryptocurrencies, digital assets and investor protection.
Her exit coincides with the broader regulatory reorganization under the Trump administration, which has explicitly positioned itself to make the U.S. the “crypto capital of the world.”
The commission now operates with fewer members than authorized, as Trump hasn’t yet filled the vacant seats—a strategic pause that effectively gives the Republican-majority commissioners free rein on policy.
The timing couldn’t be sharper. SEC Chair Paul Atkins has already signaled plans to introduce an “innovation exemption” that would let crypto startups test new products under lighter regulatory requirements, provided they meet basic consumer protections. [3][7] That proposal was expected within 30 days of December 2, meaning it could arrive any moment. With Crenshaw gone, there’s no institutional voice pushing back on the exemption’s scope or implementation details.
The broader regulatory picture is also shifting. The Senate is scheduled to hold hearings in January on the CLARITY Act—landmark legislation designed to end years of turf warfare between the SEC and CFTC by clearly dividing jurisdiction over different crypto products. [3][7] White House crypto adviser David Sacks said in December the bill is “closer to passage than at any point in the past.” [3] These aren’t minor procedural tweaks. They represent a fundamental reordering of how Washington approaches digital assets.
The real action starts immediately. Watch for the innovation exemption announcement—it could drop with minimal fanfare. Then track the Senate hearings on CLARITY in January. If that bill moves to a floor vote and passes, the crypto industry will have concrete answers about regulatory jurisdiction for the first time in years. Markets have been pricing in regulatory clarity for months. Crenshaw’s departure removes one of the last obstacles to delivering on it.
The post SEC’s Pro-Crypto Shift Accelerates as Key Skeptic Crenshaw Exits appeared first on The Coins Post.
PEPE just ripped 26% higher on January 2, hitting $0.000005106 as trading volume exploded past $800 million.
That’s no thin pump—retail’s back, Robinhood holders sitting on 8.3% of supply, and a Hyperliquid whale named James Wynn dropped a bombshell prediction: $69 billion market cap by end-2026. If you’re trading memes, this is your wake-up call. Why now? New year FOMO meets bold calls in a market where BTC chills at $88k.

PEPE’s ERC-20 on Ethereum. No fancy DeFi twist here—just pure meme liquidity. Volume spiked 370-400% in 24 hours, open interest jumped 82% to $446.5 million on derivatives. RSI hit 67, screaming bullish momentum after breaking $0.0000042 resistance.
Whales aren’t dumping. That official “We ride at dawn” tweet lit socials on fire—crypto Twitter’s buzzing. Supply’s fixed at 420.69 trillion tokens. If Wynn’s right, that’s $0.000164 per PEPE. Math checks out. But Ethereum gas? Still a killer for small trades.
Total crypto cap up 1.07% to $2.99T. BTC +1.21% at $88,765, dominance slipping to 59.22%—alts eating its lunch. PEPE led top gainers, outpacing Story (+25%) and Mog. Volumes hit $164B market-wide. No massive liqs reported, but meme sector OI surging means leveraged degens are in.
BTC’s post-halving year ended red for first time ever—down 6% in 2025 despite $126k ATH. ETFs pulled $348M, but macro liquidity rules now. PEPE doesn’t care—it’s riding retail hype while big boys consolidate.
James Wynn, that Hyperliquid ser, straight-up said PEPE hits top meme status like SHIB did last cycle—if bull market holds. “We ride at dawn” from @pepe went viral. Community’s pumping: “PEPE to the moon” threads everywhere. No official team—it’s anon dev vibes.
Exchanges? Volumes exploding on Binance, MEXC. No rugs spotted. Traders on X calling for $0.000026 ATH retest. Sarcasm alert: Great timing for memes while BTC whales accumulate quietly. Holders care about flips, not halving myths.
But is this sustainable? Meme pumps fade fast.
Don’t get rekt. PEPE’s been rugged before—no premine, but watch whale wallets. Use hardware for big bags; software wallets fine for sub-$1k. Check Etherscan for suspicious transfers. Avoid leverage over 5x—OI spike means liqs incoming on pullbacks.
Actionable: Set stops below $0.0000042. DCA if you believe Wynn. DYOR on Hyperliquid perps for leverage without CEX KYC. Phishing’s rampant post-pumps—double-check links. If you’re aping memes, keep it under 5% portfolio. Skin in the game matters, but don’t YOLO rent money.
$0.000005 close today flips structure fully bullish. Watch BTC dominance drop—alts feast. Wynn’s $69B? Ballsy. If ETH L2s cut fees, PEPE volumes could 10x. Macro: Fed liquidity print January 2nd might juice risk assets.
Pullback to $0.0000045? Buy dip. Break $0.000006? Targets $0.00001 easy. Meme season back? You tell me. Trade smart—2026’s rewriting rules.
The post PEPE Explodes 26% in 24 Hours—James Wynn Calls $69B Market Cap by Year-End, Meme Degens Pile In appeared first on The Coins Post.
Peter Schiff has warned that Strategy co-founder Michael Saylor may have to sell significantly more Bitcoin and MSTR shares.
Bitcoin pioneer Adam Back co-signs Ethereum’s major cryptographic pivot, as the blockchain dumps custom Poseidon hashes for time-tested security.


Trading platform eToro will acquire TradeZero as part of its US expansion as it reported crypto-related revenue fell by about 30% compared to the second quarter of 2025.
Trading platform eToro plans to acquire US online brokerage TradeZero as part of its US expansion plans, the company announced Tuesday.
In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million.
Equities and commodities-related trading generated $141 million in net income for the platform.
Read more


Russia’s central bank proposed allowing Bitcoin, Ether and USDT to trade on regulated exchanges, following a law signed by President Vladimir Putin last week.
Russia’s central bank has compiled a proposed list of crypto assets that could be admitted to public trading on exchanges under new rules approved last week.
The list includes Bitcoin, Ether and Tether’s stablecoin USDT, the Bank of Russia said Tuesday, adding that the assets meet criteria including market capitalization, average daily trading volume and at least five years of price history on overseas markets.
The proposal follows a new law, signed by President Vladimir Putin on Aug. 4, that gives the Bank of Russia authority to determine which digital currencies can be admitted to organized trading and set related rules.
Read more
An ASX shareholder plans to ask the Federal Court for permission to launch a statutory derivative action against former directors and officers over alleged breaches of duty linked to the exchange’s abandoned blockchain-based CHESS replacement.
Rosherville Pty Ltd has notified ASX that it intends to seek leave under sections 236 and 237 of the Corporations Act to bring proceedings on the exchange’s behalf. A statutory derivative action allows an eligible shareholder or officer to pursue proceedings for a company when the company itself is unlikely to do so, with court approval required before the case can proceed.
ASX said the allegations are directed at former officials rather than the exchange itself, while the identities of those targeted, details of the alleged breaches and proposed remedies have not been disclosed.
Related: Swyftx Secures Financial Services Licence, Paving the Way for Expanded Payments Offering
The proposed case follows the collapse of ASX’s long-running effort to replace its Clearing House Electronic Subregister System with distributed-ledger technology. ASX began examining a CHESS replacement in 2016 and selected technology developed with New York-based Digital Asset, with the project initially expected to make ASX the first securities exchange to use blockchain for core services.
The planned launch was repeatedly delayed before ASX paused the project in November 2022 following an independent Accenture review that identified significant problems with its design and delivery. ASX formally abandoned the blockchain approach in May 2023 and moved towards considering conventional technology for the replacement.
ASIC later sued ASX over statements made about the project’s progress, while ASX admitted misleading conduct in June 2026. On 3 July, the Federal Court ordered ASX to pay a US$14.4 million (AU$20.45 million) penalty and US$2.1 million (AU$2.98 million) towards ASIC’s costs.
Related: Reporter Poses as VC to Expose Suspected North Korean Crypto Operatives
The post ASX Shareholder Seeks Court Approval to Sue Former Directors Over Failed Blockchain Overhaul appeared first on Crypto News Australia.
Crypto assets could at least double in value as more blockchain protocols turn their revenues into token buybacks and burns, according to Bitwise CIO Matt Hougan. He said investors have not yet priced in the growing relationship between protocol revenue and native-token value, leaving some assets undervalued.
According to Hougan, the market is entering a period in which revenue will increasingly shape crypto valuations outside Bitcoin. Protocols that return revenue through token purchases and burns can give investors a clearer connection between economic activity and token value.
Hyperliquid is among the clearest examples, having generated more than US$800 million (AU$1.136 billion) in revenue last year and allocated about 99% of its fee income towards buying and burning HYPE. The exchange has bought and burned US$1.3 billion (AU$1.846 billion) worth of the token since its launch in November 2024.
Related: a16z-Backed Proof of Play Shuts Down, Open-Sources Pirate Nation Assets
Other protocols are following the same model. Uniswap generates around US$100 million (AU$142 million) in annual revenue, while Aave is targeting approximately US$30 million (AU$42.6 million) in yearly token burns. Pump.fun has burned US$370 million (AU$525.4 million) worth of PUMP, while Lighter has repurchased roughly 6% of its circulating LIT supply.
The approach is spreading to layer-1 networks, with Solana considering a proposal that could increase fee burns by up to 14 times and Aptos reporting almost three times the transaction activity after a tenfold gas-fee increase.
Hougan expects DeFi applications and layer-1 networks to expand revenue-capture mechanisms over the next 12 to 24 months. However, he noted that token economics remain subject to community decisions and token holders do not have shareholders’ legal claims to cash flow.
Related: Reporter Poses as VC to Expose Suspected North Korean Crypto Operatives
The post Crypto Tokens Could Double as Revenue-Driven Buybacks Take Hold, Bitwise CIO Says appeared first on Crypto News Australia.
Australia's top financial crimes agency suspends Cryptolink, shutting down 96 crypto ATMs amid rising compliance concerns with AML regulations.
The post Australia orders Cryptolink’s 96 crypto ATMs to shut down appeared first on CoinGeek.
Bullish, Gemini, and BitGo face crypto trading declines in Q2 2026 as tokenization, stablecoins, and institutional services gain focus.
The post BitGo, Bullish, Galaxy, Gemini struggle as crypto winter persists appeared first on CoinGeek.
Are whales and institutions preparing for XRP bull rally?
Cumberland linked wallet offloaded 2.5 million UNI worth $8.73 million.
Sharplink plans to stake roughly 12% of its total Ethereum holdings through Lido, earning yield while staying active in DeFi.
Current and former OpenAI employees reportedly say pressure to release new AI products made it harder to prioritize safety.
KULR Technology Group has exited Bitcoin mining, repaid its Coinbase debt, and begun selling its BTC holdings as the battery technology company shifts capital back toward its core business.
The retreat marks a sharp reversal from the Bitcoin accumulation strategy KULR launched in late 2024, which allowed up to 90% of surplus cash to be deployed into the cryptocurrency.
KULR purchased no Bitcoin during the first half of 2026 after spending $69.9 million to acquire 693.81 BTC during the same period last year. Its board has also made the remaining treasury available to fund operations, effectively turning Bitcoin from an accumulation asset into a potential source of corporate liquidity.
Chief Financial Officer Mike Kimel said the strategy had provided financial flexibility, but Bitcoin's volatility was making KULR's underlying battery business harder for shareholders to assess.
The company recorded a $10.59 million non-cash Bitcoin fair-value loss during the second quarter, contributing to a $21.97 million net loss. Revenue fell 43% to $2.08 million, while the operating loss widened 19% to $11.2 million.
Since quarter-end, Kimel said KULR has been reducing its Bitcoin position in a “deliberate and disciplined manner” to lower balance-sheet volatility and concentrate capital on its energy platform. He also noted that the company issued no shares through its at-the-market program during the first half of the year.
According to its SEC filing, KULR entered the second half of the year with 1,091.69 BTC valued at $63.92 million, down sharply from its $109.8 million cost basis.
Of that position, 565 BTC worth about $33.1 million were pledged against a $20 million Coinbase credit facility. KULR had drawn $5 million from the facility in March and another $15 million in May.
After June 30, the company sold approximately 333 BTC for $21.5 million and used about $20 million of the proceeds to repay the Coinbase principal. The repayment eliminated the debt and released all 565 BTC that had served as collateral, removing the associated liquidation risk.
The sales reduced KULR's disclosed Bitcoin position by roughly 30% from its June 30 balance to approximately 760 BTC.

Simultaneously, KULR dismantled its mining operation by refusing to renew one mining agreement which expired on July 30.
A second contract, originally scheduled to continue through October 2027, was terminated early in July. KULR paid $150,000 to end the agreement, which eliminated approximately $2.1 million in remaining commitments.
The decision followed weaker second-quarter mining activity. KULR earned 8.44 BTC during the quarter, compared with 11.25 BTC a year earlier, while quarterly mining revenue dropped to about $606,000 from $1.12 million.
Over the full first half, however, production actually increased to 17.23 BTC from 14.22 BTC. Mining revenue still slipped to $1.27 million from $1.37 million because the average value of the Bitcoin earned fell to about $73,594 from $96,225.
KULR's reversal is part of a broader reassessment among several companies that adopted Bitcoin treasury strategies during the previous bull cycle but have retreated from the industry due to current market conditions.
Market observers said these firms action show how the treasury trade changes when BTC stops functioning primarily as an appreciating reserve asset and starts competing with debt reduction, operating cash requirements, and investment in core businesses.
For KULR, that shift is now explicit. The company still holds a sizeable Bitcoin position, but it has stopped accumulating, removed its Bitcoin-backed leverage, closed its mining operation and given management authority to sell more BTC when corporate priorities require it.
The post Another public company abandons Bitcoin playbook after treasury volatility drove $22 million loss appeared first on CryptoSlate.
Strategy faces a renewed threat of removal from major MSCI equity indexes under a broader screening proposal that could trigger an estimated $2.8 billion in passive selling.
MSCI opened a consultation this month on rules designed to identify “non-operating companies” through their financial statements.
The firm noted that applying the proposed methodology to the MSCI ACWI IMI using May 2026 data would have resulted in three deletions, including Michael Saylor-led Strategy, Tokyo-listed Bitcoin holder Metaplanet, and London-listed uranium investor Yellow Cake.

Strategy pushed back against the premise of MSCI’s proposal, arguing that index providers should reflect markets rather than influence corporate asset allocation.
It said:
“MSCI’s proposal puts it out of step with regulators, markets, and its own customers. Bitcoin doesn’t need MSCI. Neither does Strategy.”
Strategy's MSTR shares fell about 2% in pre-market trading following the news.
MSCI's latest approach reaches much further than the crypto-only rule it abandoned earlier this year.
The previous consultation focused on companies whose primary business involved Bitcoin or other digital-asset treasury activities and proposed excluding firms when digital assets represented at least 50% of total assets.
MSCI dropped that plan in January, saying digital-asset treasury companies would remain eligible while it studied the wider category of businesses whose activities appeared predominantly investment-oriented.
The August proposal resulted from that broader review.
Under the new methodology, a company first faces a core screen measuring operating assets as a percentage of total assets. A company with operating assets above 50% passes. Those below that level move to a second stage consisting of five financial tests.
Those tests examine operating assets, operating expenses, cash generation, exposure to fair-value movements, and dependence on external capital.
For companies seeking inclusion, MSCI's proposed flags include operating assets below 20% of total assets, operating expenses below 5%, negative operating cash flow and non-operating fair-value changes above 5% of total assets.
The capital-dependence test would flag companies whose financing cash flow exceeds 20% of assets and whose filings show capital raising was used to accumulate assets.
Triggering at least four of the five flags after failing the core screen would make a company ineligible for the index.
Meanwhile, existing index constituents receive more room before deletion. For those companies, operating asset intensity would have to fall below 10% rather than 20%, while capital dependence would have to exceed 30% rather than 20%.

They would also have to fail the test across two consecutive annual reviews before MSCI removed them. Companies that fail only on the latest filing would instead go onto a public watchlist.
That persistence requirement is why the consultation does not translate directly into an immediate Strategy deletion.
Yellow Cake's inclusion also demonstrates how far MSCI has moved beyond its previous approach. The company owns physical uranium, yet its asset-heavy structure brought it into the same screen as Strategy and Metaplanet.
Strategy-focused analyst Adam Livingston said the revised methodology represents a more credible threat than MSCI's earlier crypto-specific effort because it applies a general financial framework rather than singling out Bitcoin treasury companies.
Livingston's own analysis suggests Strategy could be vulnerable on operating asset intensity, expense intensity and fair-value exposure, while positive operating cash flow and financing cash flow of roughly 26% of assets could allow it to avoid two other flags. That would leave it with three failures, one short of MSCI's four-test requirement.
The renewed MSCI threat comes as Strategy's long-running Bitcoin accumulation cycle has already slowed, with the company selling BTC and directing more capital toward cash reserves and obligations tied to its expanding securities structure.
Strategy has sold more than 6,000 BTC in recent weeks and has not disclosed a new Bitcoin purchase for nearly two months. Its holdings have fallen to roughly 840,447 BTC, while its dollar reserve has climbed to about $4.7 billion.
The sales mark a change from the model that drove Strategy's Bitcoin holdings sharply higher over the past several years. The company has historically issued common stock and other securities, then used much of the proceeds to purchase Bitcoin.
However, that approach has changed more recently, and Bitcoin itself has become a source of liquidity under its wider capital-management model. This framework allows Strategy to raise equity and preferred stock, issue debt, use cash, or sell Bitcoin depending on relative market conditions and its financial obligations.
An MSCI removal could make one of those funding channels less effective.
JPMorgan analysts estimated during MSCI's previous consultation that Strategy could face about $2.8 billion of selling if it were removed from MSCI indexes. The estimate rose substantially if other major index providers followed.
Such selling would occur in MSTR shares held by index-tracking investors. It would not directly remove cash from Strategy or automatically require the company to sell any of its Bitcoin.
The secondary effect could be more important for its accumulation strategy.
Strategy has benefited from periods when MSTR traded at a premium to the value of the Bitcoin underlying each share. Selling common stock at elevated valuations allowed the company to raise capital and buy additional Bitcoin while limiting the dilution required for each dollar raised.
Livingston said a large wave of index-related selling could push MSTR lower and compress that premium, weakening the economics of future equity issuance. At a $95 share price, his $2.8 billion scenario would equate to roughly 29.5 million shares changing hands.
That risk is more pronounced as Strategy tries to balance its Bitcoin ownership against preferred dividends, debt, and its growing cash reserve. An index exclusion would add another source of pressure to a capital structure that has recently shifted from uninterrupted Bitcoin accumulation toward more active liquidity management.
Still, even a large MSCI-driven selloff would leave Strategy holding hundreds of thousands of Bitcoin. Livingston argues that the greater threat is to the speed and efficiency of future accumulation.
The uncertainty now moves toward an October deadline, giving Strategy and MSCI less than two months before the proposed framework could move from consultation to index policy.
MSCI will accept feedback through Sept. 30 and expects to announce its decision on or before Oct. 16. Any approved changes are proposed for implementation during the November 2026 Index Review. MSCI also cautioned that the consultation may result in some, all, or none of the proposed changes.
Prediction market traders have become increasingly skeptical that Strategy will survive the year without an MSCI removal.
A Polymarket contract covering whether Strategy will be removed from either the MSCI World or MSCI USA Index by Dec. 31 was pricing the probability at about 73% this week. The signal comes with a significant caveat: only about $5,700 had traded in the year-end contract even though the broader event page showed more than $1.18 million in volume, most of it tied to earlier, already resolved deadlines.
Using the proposed methodology and May filings, Strategy already appeared among the three companies marked for deletion.
The October result will determine whether that simulated outcome remains theoretical or becomes a new constraint on Strategy's capital-markets model.
The post Strategy tells MSCI ‘Bitcoin doesn’t need you’ as $2.8 billion index risk hangs over MSTR appeared first on CryptoSlate.
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Bitcoin Magazine

Bitcoin Treasury Strategy Bites Back After MSCI Announces Possible Index Removal
Bitcoin treasury Strategy has said it “doesn’t need” Morgan Stanley Capital International after the index provider said it could remove the Bitcoin company from its Global Investable Market Indexes.
MSCI said in a consultation that it was consulting on a plan to define “Non-Operating Companies” and make them ineligible for its Global Investable Market Indexes (GIMI).
The removal of such companies would exclude companies like Strategy from indexes visible to a large pool of institutional investors. MSCI said it was weighing up the decision as Strategy is primarily known for holding a large amount of Bitcoin rather than running a traditional operating business.
Writing on X Friday, Strategy wrote: “Digital assets are assets. Index providers should measure markets, not decide which assets companies are allowed to own. MSCI’s proposal puts it out of step with regulators, markets, and its own customers.”
It added: “Bitcoin doesn’t need MSCI. Neither does Strategy.”
The consultation also included Japanese Bitcoin treasury Metaplanet, which trades on the Tokyo Stock Exchange, and uranium investment company Yellow Cake.
Based on financial filings as of May 2026, Strategy and Metaplanet already meet the criteria for removal under MSCI’s proposed rule.
If MSCI adopts the proposal as currently written and their financial profiles remain unchanged, both companies would be deleted from the MSCI ACWI IMI Index as part of the November 2026 Index Review, triggering forced selling by index-tracking funds and loss of future passive inflows.
MSCI is still gathering feedback on the proposal through September 30, and has explicitly said the consultation “may or may not result in changes to MSCI indexes” — meaning the rule could be modified, delayed, or dropped entirely based on responses from affected companies and market participants. Even if adopted, any changes to a company’s underlying financials before the review could also shift the result.
Nasdaq-listed Strategy — formerly MicroStrategy — started buying Bitcoin in August 2020 as a way to generate better returns for its shareholders during the COVID-19 pandemic.
It has since spent around $63.3 billion on Bitcoin and is the largest corporate holder of the asset. Investors can buy its shares to gain exposure to the leading cryptocurrency without having to buy and hold digital coins themselves.
Strategy spawned a long-list of copycat firms which have bought not only Bitcoin, but other cryptocurrencies to boost their stock prices.
Strategy’s stock (MSTR) was trading nearly 3% lower Friday at nearly $95 per share. MSTR year-to-date has dropped by nearly 40%.
This post Bitcoin Treasury Strategy Bites Back After MSCI Announces Possible Index Removal first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine

Israeli Bank Leumi to Debut Bitcoin Trading With Galaxy Digital
Israel’s biggest bank, Bank Leumi, will become the first lender in the country to offer customers Bitcoin trading, according to a Friday announcement.
The lender will work with Galaxy Digital to provide the service, which will become available to customers early next year, the announcement said.
Bank Leumi first announced plans to debut crypto trading in 2022 but shelved the initiative. The latest project will use GalaxyOne Institutional, Galaxy’s institutional platform for banks, asset managers and other institutions for trading and other services, to debut the service.
“We believe that digital assets are gradually becoming an integral part of the global financial system, and it is our role to enable customers to benefit from this development within a reliable, secure, and regulated banking framework,” Bank Leumi’s Head of Strategy, Maya Ravia, said in a statement.
The statement added that customers will also be able to trade other cryptocurrencies on top of Bitcoin. Leumi’s mobile banking app, PEPPER, will also provide the service.
“The future of finance will run on open, programmable rails, and we believe the banks that move first will define the era that follows,” Galaxy Israel CEO Lior Lamesh said.
“We are building one platform for trading and custody, with institutional-grade security at its core, and the onchain rails beneath it, through Galaxy Infrastructure and GalaxyOne Institutional, for banks around the world.”
According to Chainalysis, crypto adoption in Israel has been steadily growing over the years, with geopolitical headwinds including the war in Gaza and Iran, leading Israelis to digital assets as a “safe-haven.”
This post Israeli Bank Leumi to Debut Bitcoin Trading With Galaxy Digital first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
PMGC Holdings (ELAB) rose 2.62% to $0.9202 as the company reported stronger second-quarter revenue and balance sheet growth. Revenue increased 92% sequentially to about $1.31 million during the quarter ended June 30, 2026. Meanwhile, total assets climbed to approximately $36.6 million following acquisitions and expansion across operating subsidiaries.
PMGC Holdings Inc., ELAB
PMGC generated approximately $1.31 million in second-quarter revenue, compared with no reported revenue during the same 2025 period. Sequentially, revenue increased about 92% from approximately $682,000 recorded during the first quarter of 2026. The company benefited from contributions across its manufacturing, aerospace, bioscience, defense, and specialty packaging operations.
Six-month revenue reached approximately $1.99 million through June, showing continued expansion across PMGC’s operating businesses. That figure represented about 3.4 times the company’s entire fiscal 2025 revenue of approximately $590,000. Therefore, recently acquired businesses have started making a larger contribution to consolidated revenue during 2026.
A&B Aerospace contributed revenue for part of the second quarter after PMGC completed the acquisition on May 11. The Southern California company operates precision machining and aerospace manufacturing facilities under an AS9100D certification. Its customers include Boeing, Honeywell, and Moog across major aerospace and industrial supply chains.
PMGC reported approximately $36.6 million in total assets at the end of June. That represented a 40% increase from approximately $26 million recorded at the end of March. Assets also increased 184% from approximately $12.87 million reported at the end of 2025.
Shareholders’ equity reached approximately $17.4 million, rising 38% from about $12.6 million during the previous quarter. Equity also increased 122% from year-end 2025 and approximately 92% compared with the prior-year period. The company’s capital base expanded alongside its acquisition activity and operating growth.
Cash and cash equivalents reached approximately $18.1 million at the end of the second quarter. The figure increased from approximately $14.4 million in March and $5.4 million at the end of 2025. Meanwhile, net working capital improved to approximately $6.2 million from $5.1 million in the previous quarter.
PMGC has built its current structure through acquisitions across several industrial and technology-focused businesses. The company now owns five operating businesses spanning aerospace manufacturing, specialty packaging, biosciences, defense technology, and related industrial markets. This diversified structure gives PMGC revenue exposure across several industries rather than relying on one operating segment.
A&B Aerospace generated approximately $4.5 million in trailing 12-month revenue when PMGC completed the acquisition. The business also operated with positive cash flow at closing, adding an established revenue source to PMGC’s portfolio. Its aerospace capabilities also expand PMGC’s presence within commercial and defense-related manufacturing supply chains.
PMGC plans to continue assessing acquisition opportunities across its existing markets and other industries. Management intends to target businesses that can strengthen operations and contribute long-term value across the holding company’s portfolio. The latest quarterly figures show that acquisition activity has already expanded PMGC’s revenue base and balance sheet during 2026.
The post PMGC Holdings (ELAB) Stock: Q2 Revenue Jumps 92% as Assets Reach $36.6M appeared first on Blockonomi.
Rocket Lab (RKLB) shares slipped 0.49% to $79.71 on Friday after losing momentum above the $80 level. However, the company secured a $397 million U.S. Space Force contract for a new satellite fleet. The award expands Rocket Lab’s role in national security space programs and supports its growing defense business.
Rocket Lab USA, Inc., RKLB
The Space Force selected Rocket Lab to design, build, and launch satellites under its SB-AMTI program. The program aims to improve space-based tracking of airborne threats across contested operating environments. Rocket Lab will provide satellites carrying sensors and communication systems designed for rapid threat detection.
The company calls the new spacecraft Flatellites because their compact design supports stacked launches into orbit. Their flat structure allows launch vehicles to carry more spacecraft within available payload space. Rocket Lab also designed the satellites for larger orbital constellations requiring efficient deployment.
Each satellite will include low-latency communications and high-bandwidth systems for transmitting tracking information. The spacecraft will also carry sensors designed to identify and follow airborne targets. Consequently, the system could strengthen military awareness across regions where traditional surveillance faces operational limits.
The $397 million award represents Rocket Lab’s largest announced national defense contract this year. Rocket Lab has disclosed four major U.S. government defense contracts during 2026. Together, those agreements carry a combined value of about $943 million.
The Defense Department previously awarded Rocket Lab $190 million for 20 HASTE test launches. Separately, the Space Force awarded $90 million for two satellites operating in geostationary orbit. Another $266 million agreement covers up to 18 missile-defense launches from Alaska.
These contracts strengthen Rocket Lab’s position across spacecraft manufacturing, satellite systems, and specialized launch services. They also increase the company’s exposure to U.S. defense spending on missile detection and space infrastructure. Meanwhile, Washington continues expanding space-based defense capabilities under broader missile-defense initiatives.
Rocket Lab plans to launch the Flatellites in stacked configurations aboard its developing Neutron rocket. Neutron will provide greater lift capacity than the company’s existing Electron launch vehicle. The company designed Neutron to compete for larger commercial, government, and national security missions.
Rocket Lab currently expects Neutron to debut near the end of 2026 or during early 2027. The rocket will feature partial reusability while supporting larger payloads and satellite constellation deployments. Therefore, the Flatellites program could become an important early government mission for the vehicle.
Rocket Lab has also introduced GHOST, a portable launch system for Electron and HASTE missions. The system uses deployable infrastructure that can support launches from temporary or mobile locations. Together, Neutron and GHOST broaden Rocket Lab’s ability to serve fixed and responsive national security missions.
The post Rocket Lab (RKLB) Stock: Slightly Drop as Space Force Awards $397M Deal for Flatellites appeared first on Blockonomi.
SpaceX stock falls below its IPO price despite 92% revenue growth as Thursday’s lock-up expiry threatens to add insider supply.
For over 350 years (roughly since 1661 when the first banknotes appeared in Europe), the relationship between gold and paper money has shaped global finance.