Live Feed

Veteran trader Peter Brandt said on X there is no technical evidence suggesting Bitcoin is ready to enter its next bull market. As a traditional chart analyst, Brandt said he sees no sign that a new bull market is imminent and added the market has not yet bottomed, with a sustained low before October this year unlikely.

Crypto analyst Benjamin Cowen said cryptocurrency prices have never been this cheap since 2010, but the market has not yet bottomed, according to BeInCrypto. Cowen said crypto was trading 62% below fair value and expected one more downturn in the third quarter amid seasonal factors and rising bond yields. Cowen added the next bear market would emerge within two to three weeks, and a cycle bottom would likely form around November before a new bull market begins.

The three major U.S. stock indices closed higher today. - S&P 500: +1.29% - Nasdaq: +1.99% - Dow Jones: +0.92%

Crypto prime brokerage firm FalconX has laid off about 10% of its global workforce, Bloomberg reported. Before the cuts were announced, the company was said to employ about 350 people across the U.S., the UK, Singapore and Hong Kong.

Italy’s largest banking group, Intesa Sanpaolo, cut the underlying size of its call options position tied to BlackRock’s Bitcoin ETF IBIT by 99% while more than tripling its holdings of BlackRock’s Ethereum staking ETF, CryptoSlate reported. Intesa Sanpaolo’s holdings of IBIT common shares fell 93.7% to 40,723 shares from 646,809 shares, according to the report. At the same time, a new 500,000-share IBIT put options position was disclosed. Holdings of BlackRock’s Ethereum staking ETF rose to 349,600 shares from 116,200 shares, while holdings of Bitwise’s Solana staking ETF fell to seven shares from 2,817 shares. The 13F filing was submitted on July 31, local time, and reflects holdings as of June 30, compared with a filing submitted on May 15 that reflected positions as of March 31. The filing shows holdings at quarter-end and does not indicate when the actual trades were made, according to the report.

Tyler Williams, a policy adviser on digital assets and blockchain technology at the U.S. Treasury Department, has resigned, Punchbowl reported. Punchbowl said Williams left the Treasury Department to return to the private sector, while the official reason for the resignation was not disclosed.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,008.81 on the Binance USDT market.

Kalshi CEO Tarek Mansour argued New York state’s lawsuit against the prediction market platform is unjustified and targets the broader event-contract industry rather than sports betting, CNBC reported. In an interview with CNBC, Mansour said, "the lawsuit is not about sports. It is targeting all prediction markets and their business model." He added that the complaint could be copied and filed against Nasdaq as well, arguing Kalshi operates in a similar way to the exchange. Mansour also likened Kalshi’s regulatory and legal challenges to past conflicts involving Uber and Airbnb, noting the platform is formally registered with the Commodity Futures Trading Commission as a designated contract market, or DCM, but is still facing regulation from multiple state governments. He said the key issue is the prediction market industry itself, describing it as an innovative sector that disrupts the existing order, is growing rapidly, and is seeing strong consumer adoption. Mansour added that established industries have repeatedly responded in the same way, citing the taxi industry’s clash with Uber and the hotel industry’s clash with Airbnb. He said the strategy is simple: file lawsuits first, then try to change the law, and only compete and innovate after realizing consumer demand does not disappear.

Franklin Templeton has joined the Canton Network, a privacy-focused layer-1 blockchain, as a super validator, The Block reported. The global asset manager expanded its Benji Technology Platform to the Canton Network in November last year as part of its tokenization strategy.

Morgan Stanley downgraded Circle stock to underweight and cut its price target to $38 from $106, citing slower USDC growth and competition from tokenized money market funds, Yahoo Finance reported. Circle shares fell about 6% after the announcement and were recently trading at $60.88, down 2.76%.

POAP, the proof-of-attendance protocol, will shut down its service, The Block reported. The project said in March it had halted new services and would maintain only its existing system.

An FBI agent was arrested on July 31 on charges of stealing about $1 million worth of cryptocurrency, The Block reported, citing court documents. Patrick Yaroch, an FBI agent, told a Justice Department employee he had made "a very bad decision regarding a cryptocurrency wallet," according to the report.

CNBC Mad Money host Jim Cramer said during a live broadcast that he plans to sell all of his Bitcoin holdings, Crypto Briefing reported. He emphasized, "양자 컴퓨팅이 3년 안에 비트코인 시장을 잠식할 것으로 예상한다. 모두가 이에 대해 경각심을 가져야 한다." However, the size of Cramer’s Bitcoin holdings, whether he currently holds any BTC, and any wallet addresses have not been disclosed.

Michael Saylor, founder of Strategy, said he has never sold any of his personally held Bitcoin. He said Strategy is a public company, not his personal wallet, and has disclosed since 2020 that it may buy or sell BTC as part of its capital management. Saylor added that the company’s firm conviction in Bitcoin remains unchanged. Strategy said yesterday that it sold 1,637 BTC.

Coinbase has unveiled a new ad campaign urging U.S. lawmakers to pass the CLARITY Act, Cointelegraph reported. The bill was not included in the U.S. Senate’s voting schedule released on Aug. 3, according to the report, and Senate leadership is now seen as less likely to bring the measure to the floor ahead of a recess set to begin on Aug. 10.

Matt Prusak, president of Nasdaq-listed Bitcoin miner American Bitcoin (ABTC), is moving to AI infrastructure company Giga Energy, CoinDesk reported. American Bitcoin was co-founded with the participation of Eric Trump, the eldest son of President Donald Trump, and is backed by mining company Hut 8.

Solana has raised its maximum compute capacity per block by 66.7% to boost parallel processing, but bottlenecks tied to hot accounts remain unresolved, underscoring an ongoing structural limitation, CryptoSlate reported. Solana activated SIMD-0286 on July 29, increasing the per-block cap for Compute Units, or CU, to 100 million from 60 million. While overall block capacity has expanded, criticism remains that the change does not address congestion involving hot accounts, where write operations target the same state, such as in popular memecoin trading or large-scale DEX swaps. The report also noted a potential design tradeoff, with larger block capacity possibly slowing validators' block propagation and replay speeds.

BeInCrypto reported that warnings of a further Bitcoin decline are growing after an analysis found that the cryptocurrency’s major sell-off waves in 2026 have coincided exactly with points when Japanese authorities moved to defend the yen. Analysts remain divided between a bearish view that stronger yen moves and the unwinding of yen carry trades could push Bitcoin down to the $50,000 level and a counterargument that a weaker dollar could support liquidity flowing into risk assets. The U.S. and Japan have both officially acknowledged intervening in markets to stem yen weakness and said they would carry out additional joint intervention if needed.

Sentora has added FXRP as eligible collateral for loans from its RLUSD vault on the Morpho protocol on the Ethereum mainnet, CryptoPotato reported. FXRP is wrapped XRP on the Flare Network, allowing XRP holders to access institutional-grade lending in the Ethereum DeFi ecosystem without selling their assets. Flare said it plans to continue developing Smart Accounts, which would let users carry out DeFi lending directly from XRP Ledger wallets, as well as infrastructure for direct FXRP transfers from XRPL to the Ethereum mainnet.

Wallets holding between 10 BTC and 10,000 BTC have accumulated 19,610 BTC since July 29, while holdings among wallets with less than 0.01 BTC fell 0.55%, according to Santiment. Amid market turbulence linked to the Coldcard incident, smaller retail holders have been selling on anxiety while whales have been absorbing supply, Santiment said.

Fortune raised concerns that Circle’s acquisition of more than 1,000 blockchain-related patents from IBM could harm the broader digital-asset ecosystem. The report questioned the practical value of the IBM patents and noted that IBM’s earlier push into enterprise blockchain effectively ended in failure. Fortune also warned that Circle could use the intellectual property it acquired to file patent-infringement lawsuits against rivals or early-stage startups, or pressure them to pay licensing fees.

Cantor Fitzgerald lowered its price target on Strategy to $186 from $212 while maintaining an Overweight rating, according to Walter Bloomberg. The Wall Street investment bank adopted more conservative assumptions, including a cut to its Bitcoin price forecast to $98,000 from $111,000, but still assessed Strategy’s long-term outlook positively. Cantor expects STRC’s par value to recover and said Strategy is likely to keep expanding its Bitcoin holdings through the issuance of credit bonds.

A CryptoQuant contributor said Bitcoin is in an accumulation zone, although a market bottom has not yet been confirmed. AxelAdlerJr said the Adaptive Sell-side Risk Ratio had fallen to 0.031, placing it in the bottom 3% of the current halving cycle. That means the reading is lower than 97% of days since April 2024, according to the analyst. AxelAdlerJr said this suggests the market is under significant stress, with the balance between coins held at a profit and at a loss deteriorating sharply while market participants’ confidence remains low. Historically, such conditions have tended to appear in the later stages of a bear market, AxelAdlerJr said, although that does not mean Bitcoin has already hit a bottom.

Crypto asset manager Hashdex will shut down management of its Bitcoin ETF, which has about $14.26 million in assets, Cointelegraph reported. Trading in the ETF will end on Aug. 17, with cash distributions tied to the closure expected around Aug. 24.

Onchain Foundation, formerly the Lisk Foundation, said it will carry out a $1 million LSK buyback over 45 days starting Aug. 3. The foundation described the current weakness in the altcoin market as a strategic opportunity to increase its LSK holdings and said the move is part of its treasury strategy to reaffirm its long-term commitment to the Lisk ecosystem.