📝 A draft proposal was published for SHRINCS, a post-quantum signature scheme designed for Bitcoin.
⚖️ A Las Vegas jury found Brent Kovar guilty of defrauding more than 400 people. Kovar obtained USD 24 million by promising profitable cryptocurrency mining through a supposed supercomputer.
⚽️ Chelsea and Circle announced a sponsorship deal. USDC will be the club’s main partner. Circle and USDC branding will appear on the chests of the men’s, women’s, and academy team jerseys.
🗣“Bitcoin’s price hit bottom and is heading toward a bright end-of-year finish,” says Metaplanet CEO Simon Gerovich.
A symmetrical triangle has formed, and we are now right at the vertex.
If it breaks the resistance (breaks upward) → target: $960, which represents a 21% increase from here.
If it breaks downward → target: $630, which represents a 20% drop.
Both targets are calculated from the same triangle.
▶️A whale bought $29,580,000 in $SOL today on Binance. It seems the big money is showing more interest in Solana after the double deflation proposal was approved.
▶️LAST MINUTE: BlackRock’s Bitcoin ETF reached the top 8 of the most traded today. Volume of $2.3B in $IBIT so far!
WSJ: Chevron is close to closing deals to invest in Venezuela’s oil fields
The agreement that Chevron is close to finalizing in Venezuela could include two new oil fields in its operations, according to an article by The Wall Street Journal. The US energy company Chevron and other companies in the sector are close to closing deals to invest billions of dollars in oil fields in Venezuela, with the aim of rebuilding them and putting them back into production. As Bloomberg Línea reported, an article published by The Wall Street Journal (WSJ) highlighted that sources related to the matter said that the deal Chevron would be close to finalizing could include two new oil fields in its operations in the Caribbean nation.
💥According to economist Ronald Balza, Venezuela’s inflation problems are not due to the existence of the bolívar, but to the way the Government has used the BCV to finance itself since 2005, both in bolívares and in dollars.
Inflation in Venezuela is not an intrinsic failure of the bolívar as a monetary sign, but the direct consequence of broken fiscal discipline. Starting in 2005, the systematic use of the Central Bank of Venezuela (BCV) as a financing cash box without backing to cover public deficits triggered the uncontrolled expansion of the money supply.
Replacing the national currency with the dollar evades the core of the conflict: without fiscal order, statistical transparency, and accountability, any monetary scheme will collapse in the face of discretionary spending.
The structural remedy requires rebuilding economic institutions, not simply changing the name.
Bimonetary Analysis and Financial Freedom: the Path to Monetary Stabilization in Venezuela
Aristimuño Herrera & Asociados states that full dollarization does not constitute the appropriate or optimal mechanism to achieve solid, lasting, and growth-oriented macroeconomic stabilization in Venezuela.
In the ongoing debate about Venezuela’s economic future, there remains a dilemma that is often framed in absolute terms: whether it is advisable to move toward full official dollarization versus the insistence on schemes of forced de-dollarization.
In this context of differing opinions about the future of the national monetary system, the technical premise we uphold at Aristimuño Herrera & Asociados is clear: full dollarization does not constitute the appropriate or optimal mechanism to achieve solid, lasting, and growth-oriented macroeconomic stabilization.
The parent company behind the South Korean cryptocurrency exchange Upb1t, Dunamu, and Visa signed a collaboration agreement to explore the integration of payments with stablecoins and artificial intelligence in the global payments infrastructure. The main axes of the alliance are agentic commerce, with the development of a system where autonomous AI agents can search for products, compare options, and make purchases or payments on the user’s behalf.
The companies are analyzing various stablecoins, including options in development such as Open USD backed by the Open Standard initiative, to connect traditional banking with the crypto economy. This initiative combines Visa’s global financial network with Dunamu’s operational leadership in digital assets.
Cisneros Organization distances itself from the claim by Oswaldo Cisneros’s successors over reversal
of Petrodelta In an extensive and detailed dossier, the Cisneros Organization, led by Adriana Cisneros, clarifies that the successor corporate branches of Gustavo, Ricardo, and Oswaldo Cisneros are completely independent and that their businesses are not related. The Cisneros Organization clarifies that, under the same surname, three different business groups operate, whose businesses are independent and whose decisions are in no way linked, according to a dossier sent by this entity to different media outlets.
In Guanta Port, they mobilize 7 thousand tons of cargo: receive pieces for the oil sector
The maritime terminal in Anzoátegui received a total of 288 containers with supplies destined for productive sectors.
Through the Port of Guanta, in Anzoátegui, an operation was carried out in which about seven thousand tons of goods were mobilized on ships, destined to supply productive sectors.
The maritime terminal received 288 containers with supplies to boost national economic activity, among which 224 pieces destined for the national oil sector stand out.
According to the state-owned Bolivariana de Puertos S.A. (Bolipuertos), the operation carried out in the eastern state reflects timely attention to the vessels and proper handling of the cargo, VTV reports.
Six Months of War in Iran: From the Surprise Offensive to Entrenchment
As half a year of fighting passes, the war is firmly entrenched: the channels for negotiation remain paralyzed, military activity continues, and the United States has tightened the noose through an intensified economic offensive with new sanctions under the ‘Economic Pariah’ operation. A surprise initial attack that wiped out Iran’s leadership, weeks of bombardment and months of threats have left, six months after the start of the war in Iran, a fragile truce that has been worn down and little sign of a diplomatic solution in the short term.
Follow-up with private banking on the Venezuela Renace Credit Program
Weekly, working sessions will be held to assess progress and speed up the handling of requests. The Deputy Minister of Digital Economy, Banking, Insurance and Securities and Chairman of the Banco del Tesoro, Jimmy Berríos, led a working session attended by Pedro Pacheco, President of the Venezuelan Banking Association (ABV), and representatives of private banking: Banesco, BNC, Provincial and Mercantil. The purpose of this meeting was to align the criteria for the valuation and financial analysis, between public banking and private banking, of the special Social Credit program for Housing Restitution, through Plan Venezuela Renace, an initiative designed to support those who lost their homes after the double earthquake that occurred on June 24.
AI is advancing faster than its containment mechanisms
As Artificial Intelligence gains greater degrees of agency and interacts with open tools and networks, the robustness of containment barriers stops being a mere laboratory protocol and becomes a critical element of global operational stability. The rapid pace of development of the most advanced Artificial Intelligence (AI) models is challenging the industry’s ability to predict and delimit their behavior. During a series of technical resilience assessments aimed at measuring offensive cybersecurity capabilities in supposedly isolated test environments, an infrastructure configuration error inadvertently opened access to the public internet for several of the most powerful systems on the market.
ONGC plans to invest US$200 million to reactivate the Venezuelan oil field San Cristóbal
The investment of US$200 million that ONGC will make in Venezuela is expected to be carried out over the next 12 months. Indian energy company Oil and Natural Gas Corp (ONGC) plans to invest $200 million to restart Venezuelan oil production at the San Cristóbal field. According to Energy World, crude production in that well has fallen by nearly a tenth of its peak over the years due to the sanctions imposed by the United States on the Venezuelan energy sector.
Carlos Mendoza Potellá: Venezuela has 17,000 oil wells "abandoned"
Carlos Mendoza Potellá, economist, said that it is possible to invest in Venezuela, but «we have to repair the entire Venezuelan industry, its entire transportation process, its oil pipelines, and its refineries». The economist and specialist in oil issues, Carlos Mendoza Potellá, said that oil production in order to get its exit started, «has to drill wells again, bring them back into operation» and noted that «we have 17,000 oil wells with production capacity that were abandoned a long time ago because of the dream of the Orinoco Oil Belt».
PDVSA: Venezuela prioritizes attracting investments to increase light oil production
Light oil is essential as a diluent for the production of heavy and extra-heavy crude, but Venezuela only produces between 200,000 and 240,000 barrels per day. Venezuela is known mainly for its vast reserves of heavy and extra-heavy oil, but authorities in the energy sector decided to prioritize the exploration of its light crude and condensate reserves to help drive overall production. «At this moment, we are dedicating more exploration efforts to light and medium crude in order to boost our production,» declared Energy Minister Paula Henao to potential investors in Houston, Texas.
Bimonetary Analysis and Financial Freedom: the Path to Monetary Stabilization in Venezuela
Aristimuño Herrera & Asociados states that full dollarization does not constitute the appropriate or optimal mechanism to achieve solid, lasting, and growth-oriented macroeconomic stabilization in Venezuela. In the ongoing debate about Venezuela’s economic future, there remains a dilemma that is often framed in absolute terms: whether it is advisable to move toward full official dollarization versus the insistence on schemes of forced de-dollarization. In this context of differing opinions about the future of the national monetary system, the technical premise we uphold at Aristimuño Herrera & Asociados is clear: full dollarization does not constitute the appropriate or optimal mechanism to achieve solid, lasting, and growth-oriented macroeconomic stabilization.
Date: In Venezuela there are currently 8,500 mobile payment transactions per minute
For Cavecom-e President Richard Ujueta, mobile payment is a solid indicator of the country’s economic digitalization.
Updated data from the Venezuelan Chamber of E-Commerce (Cavecom-e) show that so far in August in Venezuela there are 8,500 mobile payment transactions per minute.
The head of the business group, Richard Ujueta, noted that mobile payment is a solid indicator of economic digitalization and highlighted the increase in the use of this payment method, which reached 6,000 transactions per minute in 2025, and that by June of this year it exceeded 7,000 operations.
“ We have the highest financial transaction in Latin America and one of the highest in the world. 99% of transactions are carried out digitally and in bolívares,” he said.
Likewise, the business representative pointed out that the industry group he leads has promoted digital transformation through electronic invoicing, stressing that this means the taxpayer receives less inquisitive treatment, as reported by Últimas Noticias.
Asset: SILVER (XAG/USDT) in a Short position at 10X leverage.
Entry Price: 70.24 Average Close Price: 68.96 Realized Profit: +17.93% on margin, equivalent to +368.26 USDT.
The trade involved taking advantage of a strong drop (bearish impulse) from the resistance zone at 70.24 down to the support, or exit level, at 68.96, maximized with 10X leverage.
Technical Analysis of the Charts
Candlestick Chart of #plata (XAG/USD - 15 min): A classic pattern of bullish exhaustion followed by a mean reversion (or a violent breakdown to the downside) can be seen. Price had been consolidating within an uptrend supported by moving averages, but it formed a volume climax with wide-range candles to the upside that met institutional resistance.
Immediately after, a very wide-range bearish candle (“collapse candle”) appeared, breaking the structure and the short-term moving averages, validating the short entry.
Liquidation Map (#BTC /USDT): Although it shows the Bitcoin pair, it perfectly illustrates the behavior of liquidity mechanics via leverage (10X and 25X). The colored bars (liquidation heatmap) reveal massive accumulation of orders and the levels where leveraged traders were overexposed. The clean drop seen on the price chart aggressively sweeps the trapped longs, triggering a chain reaction of liquidations that fuels the bearish move.
Open Position in Gold (#GOLD /$XAG or #XAU /USDT): In the other risk-management screenshot, an active Long position at 10X is shown with an unrealized profit of +191.88 USDT (+8.23%), with an entry price of 4,537.63 and a currently marked price of 4,574.64. This demonstrates simultaneous trading in precious metals by leveraging macroeconomic correlation.
Well, as expected, the price went to look for the GAP zone formed in the CME futures market, and the price is beginning to slow down.
Even though the price didn’t drop all the way to the zone of our last accumulation and we couldn’t buy in that last zone, today is a happy day for everyone.
However, reaching this zone before October makes me think that the price could correct again strongly and form a new low, as long as there is some new trigger/catalyst. (unlikely)
Whatever happens, I’m not going to sell, and if we see further drops, it will be to keep accumulating. At most, we have less than 2 months of a bear market left, and I don’t think this could ever happen because everyone is waiting for October and the 50k.
And you all know what happens when everyone is thinking the same thing.