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VANCOUVER, BC, Aug. 14, 2026 /PRNewswire/ - BTQ Technologies Corp. ("BTQ" or the "Company") (Nasdaq: BTQ) (CBOE CA: BTQ), a global technology company building the trust infrastructure for the quantum era, today provided its corporate update for the second quarter of 2026, highlighting progress across its four core business lines: QCIM, QPerfect, Quantum Secure Systems & Networks ("QSSN"), and Bitcoin Quantum.
During the quarter, BTQ continued moving from technology validation toward commercial execution. The Company completed its acquisition of QPerfect, expanded commercial engagements across its quantum software and financial infrastructure businesses, advanced QSSN toward production deployment, and brought key components of the Bitcoin Quantum network to mainnet readiness.
Across the broader platform, BTQ is increasingly focused on translating its technical capabilities into defined products, customer engagements, commercial deployment models, and recurring revenue opportunities.
Where BTQ Fits: Building Trusted Quantum
BTQ is building trusted quantum technologies.
The Company believes the transition toward quantum computing will require more than increases in computational capability. Quantum systems will operate alongside the traditional computing infrastructure that already moves money, identity, communications, and access across the global economy.
For quantum technologies to become broadly useful across financial services, governments, telecommunications, defense, AI, and critical infrastructure, the systems connecting classical and quantum computing will need to remain secure, resilient, interoperable, and trustworthy.
That challenge exists both before and after fault-tolerant quantum computing arrives.
Today's cryptographic infrastructure must migrate toward post-quantum security without disrupting the devices, networks, and financial systems that depend on it. At the same time, emerging quantum infrastructure requires new software, security architecture, validation systems, and control technologies capable of translating quantum capability into practical and trusted applications.
BTQ's strategy is organized across three interconnected network layers:
Silicon Networks
Crypto-agile hardware that anchors trust at the silicon layer and extends it through continuous attestation, AI-assisted patching, and trusted device measurement.
QCIM serves as the foundation of BTQ's Silicon Networks strategy, providing hardware-rooted post-quantum security designed to protect connected devices and critical systems as cryptographic standards and threats evolve.
Blockchain Networks
Trust infrastructure for regulated digital money, institutional settlement, and post-quantum migration across Bitcoin and public blockchain networks.
QSSN and Bitcoin Quantum form BTQ's Blockchain Networks layer.
QSSN is designed to provide post-quantum infrastructure for regulated digital money, stablecoins, tokenized deposits, and institutional settlement, while Bitcoin Quantum provides a live environment for demonstrating and advancing the migration of decentralized blockchain networks toward post-quantum security.
Quantum Accelerated Networks
Security architecture for quantum infrastructure, from emulation and validation to adversarial testing, procurement standards, and verifiable deployment models.
Through MIMIQ™, One-Shot Signatures ("OSS"), and QLU™, BTQ is developing software, validation, and control infrastructure required to build, test, and ultimately deploy trusted quantum systems.
Together, these three network layers define BTQ's Building Trusted Quantum strategy: establishing trust at the silicon layer, extending it across digital and blockchain networks, and carrying that trust forward into quantum-accelerated infrastructure.
BTQ executes this strategy through four principal business lines:
Quantum Secure Systems & Networks (QSSN / Digital Assets): Securing the digitization of the world's fiat money supply through post-quantum infrastructure for the transfer, settlement, validation, and issuer control of stablecoins, tokenized deposits, digital assets, and other forms of regulated digital money.
QCIM Hardware Acceleration and Secure Elements: Delivering crypto-agile post-quantum security at the silicon layer to help governments, enterprises, and device manufacturers remain secure and adaptive as cryptographic standards evolve.
QPerfect / Neutral Atom Platforms: Following completion of BTQ's acquisition of QPerfect, the business adds critical software and technologies for quantum emulation, digital twins, validation, and logical quantum computing, supporting customers seeking to design, test, and ultimately deploy applications across increasingly capable quantum hardware.
Bitcoin Quantum: What the Company believes to be a leading production-grade quantum-safe Bitcoin implementation, designed to demonstrate how Bitcoin and other decentralized blockchain systems can migrate toward post-quantum cryptography while creating infrastructure for a quantum-secure digital asset ecosystem.
The Company's broader platform remains aligned with emerging cryptographic standards and regulatory initiatives globally. QSSN has previously been referenced in the Post-Quantum Financial Infrastructure Framework ("PQFIF") submitted to the SEC, while BTQ continues to participate in standards development and industry initiatives through QuINSA. The framework was developed independently by industry participants and does not represent SEC guidance, approval, or endorsement.
"Q2 represented an important transition for BTQ as we continued moving from technology validation toward commercial execution," said Olivier Roussy Newton, Chief Executive Officer of BTQ Technologies. "We completed the acquisition of QPerfect, expanded customer and institutional engagements across multiple markets, advanced QSSN toward production deployment, and brought Bitcoin Quantum infrastructure to mainnet readiness. Our strategy is increasingly centered on Building Trusted Quantum: establishing trust at the silicon layer, extending it across digital networks, and ultimately carrying that trust into quantum-accelerated infrastructure. We believe this gives BTQ a differentiated position across both the post-quantum transition underway today and the quantum computing markets developing for tomorrow."
State of the Market
Global urgency around post-quantum migration continued through the first half of 2026 as governments, standards bodies, financial institutions, and critical infrastructure operators moved from awareness toward inventory, planning, testing, and early implementation.
Formal migration roadmaps across major jurisdictions continue to establish long-term expectations for organizations to identify cryptographically vulnerable systems, develop transition strategies, and begin migrating critical infrastructure toward post-quantum standards.
Financial services remain a particularly relevant area because banking infrastructure, tokenized money, stablecoins, digital assets, and long-life transaction records depend heavily on cryptographic trust.
BTQ believes this creates a significant opportunity for infrastructure providers capable of helping institutions bridge existing financial and computing systems with next-generation quantum-secure architectures.
At the same time, development across the broader quantum computing ecosystem continues to progress across hardware modalities, quantum simulation, software, fault-tolerant computing, and hybrid quantum-classical workflows.
BTQ believes these trends create two distinct but interconnected requirements: protecting today's digital infrastructure against emerging quantum risks while building the technologies required to make future quantum infrastructure trusted and commercially useful.
The Company's Building Trusted Quantum strategy is designed around that convergence.
QPerfect / Quantum Accelerated Networks
The second quarter marked an important inflection point for QPerfect as BTQ completed its previously announced acquisition and began integrating the business more directly into the Company's commercial strategy.
QPerfect forms a central component of BTQ's Quantum Accelerated Networks layer and is increasingly focused on translating its quantum software, emulation, validation, and fault-tolerant computing capabilities into commercial products and customer deployments.
As of Q2, QPerfect's commercial pipeline included approximately 16 organizations across five countries, reflecting engagement across enterprise customers, quantum computing providers, research institutions, and government-supported programs.
The commercial strategy is organized around three primary product lines: MIMIQ™, Digital Twin, and Quantum Logic Unit ("QLU™").
MIMIQ™: Expanding the Commercial Model
MIMIQ™ is QPerfect's quantum emulation platform and currently represents the most commercially mature component of the QPerfect product stack.
During Q2, QPerfect advanced a multi-channel commercial strategy spanning enterprise software, on-premises deployments, Quantum Computing-as-a-Service ("QCaaS") distribution, international expansion, and strategic partnerships.
A major milestone during the period was the launch of MIMIQ™ On-Premises, extending QPerfect's platform beyond cloud-based workflows and allowing customers to operate the software within local computing environments.
The on-premises offering is designed for enterprises, governments, research institutions, and other organizations whose security, confidentiality, data-sovereignty, or infrastructure requirements may limit the use of public cloud environments.
QPerfect also continued expanding its QCaaS distribution strategy during the quarter.
Its collaboration with SDT Inc. is now in production in South Korea, providing customers access to MIMIQ™-powered quantum emulation through SDT's QUREKA platform.
QPerfect is also expanding platform accessibility through additional ecosystem providers including qBraid and Scaleway, broadening the distribution channels through which developers and institutions can access MIMIQ™.
The Company believes the combination of direct enterprise licensing, on-premises deployments, and third-party cloud distribution provides multiple commercial pathways for MIMIQ™ while addressing different customer requirements.
During Q2, QPerfect also advanced several major commercial proposals in South Korea, building on the presence established through SDT and related ecosystem activities.
International expansion remains another core component of QPerfect's strategy.
Through the France 2030 Export program, QPerfect is pursuing a multi-year strategy designed to expand commercial activity outside France and establish new customer relationships across targeted international markets.
Two country initiatives have now been confirmed:
Saudi Arabia: Market-development activities targeted for summer 2026.
Vietnam: Market-development activities targeted for fall 2026.
These initiatives complement QPerfect's existing activities across France, the broader European market, and South Korea.
From a technical standpoint, the Company continues to advance the underlying capabilities of MIMIQ™, including its tensor-network simulation technologies. QPerfect's near-term strategy, however, is increasingly focused on translating those capabilities into enterprise deployments, commercial partnerships, and recurring software revenue.
Digital Twin: Connecting Simulation to Real Quantum Hardware
QPerfect's Digital Twin platform is designed to create hardware-accurate software representations of quantum computers, allowing users to develop and validate algorithms against the characteristics of specific physical systems before executing workloads directly on quantum hardware.
During Q2, QPerfect continued development work with the University of Strasbourg and CESQ around the aQCess neutral-atom quantum computing initiative.
The project includes development of a hardware-accurate Digital Twin of France's first publicly accessible neutral-atom quantum platform using MIMIQ™.
The initiative represents an important step in QPerfect's strategy to connect software simulation and validation directly with operating quantum hardware.
QPerfect is targeting completion of a full Digital Twin capable of testing against an actual quantum computer by the end of 2026.
The Company believes successful validation against physical hardware could expand the role of Digital Twin technology across quantum computer manufacturers, research institutions, government programs, and developers building applications for neutral-atom systems.
Quantum Logic Unit: Building Toward Fault-Tolerant Quantum Computing
The Quantum Logic Unit remains an earlier-stage component of QPerfect's product roadmap and is focused on the technologies required to manage logical qubits and ultimately enable fault-tolerant quantum computation.
During the quarter, QPerfect continued advancing research around fault-tolerant architectures and logical quantum operations.
The team has filed two patents and continued publishing research supporting its work in fault-tolerant quantum computing.
QPerfect has completed a prototype of the QLU™, which will support the delivery in April 2027 of a design blueprint describing how BTQ's One-Shot Signatures could be executed on future fault-tolerant neutral-atom quantum computers. Development of the QLU™ itself remains on track for a first release by the end of 2027.
BTQ views the QLU™ as an important longer-term component of its Quantum Accelerated Networks strategy, potentially providing part of the software and control infrastructure required to translate increasingly capable quantum hardware into reliable algorithmic execution.
This includes the longer-term objective of enabling algorithms such as BTQ's One-Shot Signatures to operate on quantum hardware.
QPerfect Business Model
QPerfect is developing a commercial model across several complementary channels, including:
Enterprise and institutional software licensingMIMIQ™ On-Premises deploymentsQCaaS distributionStrategic and technical integrationsPartnerships with quantum hardware providersResearch and government-supported development programs
BTQ believes this model gives QPerfect the ability to commercialize software capabilities available today while maintaining exposure to the longer-term development of fault-tolerant quantum computing.
Outlook
For the second half of 2026, QPerfect intends to focus on expanding its active commercial pipeline, growing MIMIQ™ On-Premises adoption, increasing distribution through QCaaS partners, and advancing its international go-to-market strategy.
The Company also expects to continue development of the aQCess Digital Twin, with the objective of testing the platform against real neutral-atom hardware by year-end.
Across the broader organization, QPerfect continues to benefit from a portfolio of grants, research collaborations, intellectual property development, and academic publications that provide third-party validation of its technical capabilities while supporting commercialization.
Quantum Secure Systems & Networks / Blockchain Networks
QSSN continued progressing from proof-of-concept validation toward commercial deployment during Q2 2026.
The platform is designed to provide trust infrastructure for regulated digital money and institutional settlement, including stablecoins, tokenized deposits, and other blockchain-based financial infrastructure.
BTQ's go-to-market strategy is centered on establishing proof-of-concept engagements with financial institutions and blockchain ecosystems, validating QSSN under real-world workloads, and converting successful deployments into recurring production infrastructure.
During Q2, QSSN advanced each stage of that strategy.
South Korea
During the quarter, QSSN was selected as a core post-quantum technology provider for one of South Korea's first bank-led KRW stablecoin proof-of-concept initiatives involving iM Bank and Finger.
The initiative builds on BTQ's Korean ecosystem developed across 2025 and early 2026 and extends QSSN more directly into banking and regulated digital-money infrastructure.
BTQ's broader South Korean ecosystem includes relationships across banking, payments, enterprise infrastructure, and hardware security, including Finger, iM Bank, Danal, Daou Data, and Keypair.
During Q2, QSSN also surpassed 100,000 transactions processed on mainnet, demonstrating sustained operation of the platform across real-world workloads.
BTQ believes this represents an important progression from initial pilot validation toward demonstrating the operational capacity required for broader production deployment.
Expanding Beyond Korea
A key Q1 objective for QSSN was to expand its commercial pipeline beyond South Korea.
During Q2, BTQ established early commercial engagements with U.S.-based customers, representing initial progress toward building an international pipeline for QSSN.
The Company also deepened engagement with major blockchain foundations and entered discussions regarding the potential provision of core post-quantum infrastructure across their respective ecosystems.
BTQ also continues discussions involving the Kaia ecosystem regarding potential progression toward production deployment.
The Company believes blockchain foundations can represent an additional distribution pathway for QSSN because infrastructure-level integration can potentially extend post-quantum security across broader application, developer, wallet, and transaction ecosystems.
QSSN Business Model
BTQ is building QSSN around three primary potential revenue streams:
Advisory and Integration Fees: Revenue associated with designing, implementing, and integrating post-quantum infrastructure within financial institutions, blockchain ecosystems, and digital asset platforms.
Recurring Validator Node Licensing: Recurring software and infrastructure licensing associated with operating QSSN validator infrastructure.
Transaction-Based Validation Fees: Usage-based revenue tied to transactions validated through QSSN infrastructure.
BTQ believes this model creates the potential to combine upfront implementation revenue with recurring infrastructure and transaction-based revenue as deployments scale.
Outlook
For the second half of 2026, BTQ intends to continue advancing the iM Bank initiative toward potential production deployment and expand its proof-of-concept pipeline across Korean banking and fintech institutions.
The Company also intends to progress discussions with Kaia and other blockchain ecosystems toward potential production deployments while continuing to expand the QSSN pipeline outside South Korea.
Standards development remains another component of the QSSN strategy. BTQ expects to continue advancing post-quantum financial infrastructure initiatives through QuINSA and related industry forums.
The Company's broader objective is to establish a repeatable commercial model in Korea and use that framework to support expansion into additional regulated financial and blockchain markets.
Bitcoin Quantum / Blockchain Networks
Bitcoin Quantum continued advancing from testnet development toward commercial launch during Q2 2026.
Following rapid network expansion and protocol development during Q1, BTQ's focus during the second quarter shifted toward security validation, operational readiness, institutional infrastructure, and go-to-market preparation.
Security and Mainnet Readiness
During Q2, BTQ completed a full internal security audit of the Bitcoin Quantum core protocol.
The Company also engaged Boosty Labs to conduct Bitcoin Quantum's first external security audit. Boosty Labs brings experience across proof-of-work infrastructure and Bitcoin Core development.
BTQ intends to publish the external audit results following completion.
During the quarter, the development team shipped four Bitcoin Quantum releases and brought the Company's mining and hosting infrastructure to mainnet readiness.
These milestones build on the technical progress achieved during Q1, when Bitcoin Quantum deployed its post-quantum Bitcoin architecture and scaled its test network to more than 75 miners, more than 300,000 blocks mined, and more than 150 open-source contributors.
BTQ is currently targeting a late 2026 go-to-market launch for Bitcoin Quantum.
The Company intends to position Bitcoin Quantum as quantum-safe digital gold, combining the proof-of-work model and digital scarcity associated with Bitcoin with a network architecture designed around post-quantum cryptography.
BTQ believes growing attention around quantum risk across the Bitcoin ecosystem further underscores the need for credible migration paths that can be tested under real network conditions.
Institutional Infrastructure
During Q2, BTQ also began developing institutional infrastructure around the Bitcoin Quantum ecosystem.
The Company advanced discussions regarding professional market making and institutional custody for a wrapped Bitcoin Quantum asset.
A wrapped asset strategy could enable Bitcoin Quantum exposure to move across additional blockchain environments while creating new potential distribution and liquidity channels.
BTQ expects to advance this strategy with a selected launch venue during the second half of the year.
For broader token price discovery, the Company's planned sequence is to establish a liquid spot market first, followed by perpetual contract availability across decentralized and centralized trading venues.
These initiatives remain subject to completion of applicable technical, commercial, regulatory, and counterparty requirements.
Bitcoin Quantum Business Model
Bitcoin Quantum is being developed around an asset- and protocol-based business model with three principal components:
Treasury: Strategic ownership and management of Bitcoin Quantum-related digital assets.
Company Mining Operations: Participation in network economics through Company-operated mining infrastructure.
Ecosystem Value: Potential revenue associated with infrastructure surrounding the network, including wrapped asset issuance, bridging, and related ecosystem services.
BTQ believes this structure creates multiple ways for the Company to participate economically in both the Bitcoin Quantum network itself and infrastructure developed around the broader ecosystem.
Outlook
For the second half of 2026, BTQ's immediate priority is completion of Bitcoin Quantum's first external security audit and publication of the results once available.
In parallel, the Company intends to advance its wrapped asset strategy, institutional custody and market-making relationships, and launch infrastructure.
BTQ continues to target a late 2026 go-to-market launch, subject to completion of security, infrastructure, regulatory, and market-readiness requirements.
Following launch, the Company intends to pursue broader liquidity and price discovery through spot market infrastructure, followed over time by potential perpetual contract availability across decentralized and centralized markets.
QCIM / Silicon Networks
QCIM forms the foundation of BTQ's Silicon Networks strategy: crypto-agile hardware designed to anchor trust at the silicon layer and remain adaptable as cryptographic standards and threats evolve.
BTQ originally designed QCIM around crypto agility in response to increasingly fragmented post-quantum and cryptographic roadmaps across jurisdictions and industries. That design decision has become more relevant as AI-powered offensive security tools are increasingly used to identify novel attacks against existing cryptographic systems. BTQ believes this environment will require widespread, crypto-agile and side-channel-secure acceleration across connected devices, rather than hardware tied to a single cryptographic standard.
QCIM is designed to address that requirement by supporting multiple classical and post-quantum algorithms within a common hardware architecture. The platform is currently embedded within a secure enclave, supports the CNSA 2.0 cryptographic suite, and has demonstrated the ability to extend side-channel security to new algorithms through software updates. Additional security analysis is underway as part of the upcoming Beta Release.
Productization and Tape-Out
The QCIM architecture is now progressing through tape-out and toward commercial availability across three product formats.
FPGA IP: Following delays related to additional security work, BTQ expects the FPGA IP Beta Release imminently. Updated performance figures are expected alongside or shortly following the Beta Release.
ASIC IP: Targeted for availability in Q1 2027. BTQ has completed its first design-in process and initial tape-out.
Standalone Chips: Initial samples are expected in Q1 2027, followed by a targeted production tape-out in Q2 2027 and validation in Q4 2027.
These formats are intended to provide multiple commercialization pathways, ranging from early FPGA evaluation and licensable ASIC IP to standalone secure silicon.
QCIM Sneak Peek
The QCIM team nears the release of its v0.1.0 Beta. The team is sharing preliminary performance figures for the first time while they continue security and reliability testing for an official release.
The novel compute-in-memory architecture is designed to preserve the main advantages of ASIC crypto accelerators by being more performant and side-channel secure than generic microcontrollers, while also making it possible to upgrade the device with new algorithms that keep the floorplan small with the same security guarantees.
Under BTQ's current internal benchmarking methodology, select preliminary internal performance estimates show improvements over optimized cryptographic algorithms running on Cortex M4 MCU hardware, with a 2-3x cycle/gate improvement on ML-KEM-1024 on encapsulation, decapsulation, and key generation operations, a 3x cycle/gate improvement on AES-256-CTR symmetric encryption, and a 14x cycle/gate improvement on SHA3-256. These estimates have been tested in simulation and on FPGA, and indicate the QCIM architecture is capable of achieving crypto-engine efficiency for multiple algorithms in a single compact design.
In addition, the QCIM architecture with masking settings has successfully demonstrated resistance to 1M trace TVLA tests on AES-128 on FPGA hardware. This is a significant milestone towards achieving generic side-channel security features expected by Common Criteria and FIPS 140-3 compliance. These masking techniques will make it possible to support future algorithms while preserving side-channel protection, a first-of-its-kind technique that will allow full cryptographic algorithm upgrades in software without sacrificing security standards expected from hardware roots-of-trust.
As the team completes development of the core algorithmic suite, the team will begin the process of optimizing and further securing the drivers and kernels, and adding new algorithms that take full advantage of QCIM's crypto agile capabilities.
Platform Security Team
BTQ recognizes the burgeoning threat of AI cyberoffensive tools to cryptography, device security, and a device vendor's ability to be the security authority on their own product line. These challenges affect Root-of-Trust hardware and secure enclaves in every device. The existential threats to trust are expanding, and this will increase the responsibility for QCIM's ability to deliver safe, mass-market, trusted components by the time quantum computers become powerful enough to break classical encryption.
BTQ is happy to announce a new key member to the team, Dr. Michael Grace, to assist the QCIM team in this mission with a new QCIM Platform Security initiative. Dr. Grace brings deep experience as one of the founding members of the Samsung Fort KNOX team, securing billions of the company's mobile devices and services, in addition to past leadership experience on Google's Android team.
QCIM Platform Security will bring necessary software utilities and tools to help device vendors and network administrators utilize QCIM to its fullest in real-world devices. In addition, this new initiative will improve the capabilities of QCIM to bring elite platform security features to mass-market devices as third-party IP.
ICTK and ITRI
BTQ continues to advance the global QCIM chip roadmap alongside ICTK and ITRI.
Subsequent to quarter end, BTQ and ICTK completed the design of a next-generation security chip integrating QCIM with ICTK's VIA PUF™ technology. Within the combined architecture, QCIM provides crypto-agile cryptographic acceleration while VIA PUF provides hardware-derived identity and authentication, together supporting a broader hardware-rooted security platform.
BTQ and ITRI also subsequently completed the first technical milestone in their collaboration, validating the QCIM core within a TSMC 28-nanometre design environment and demonstrating accelerated execution of cryptographic operations associated with FIPS 203, FIPS 204, and FIPS 205 under demanding operating conditions. The program is now advancing into module-level integration, verification, and validation.
Outlook
BTQ's near-term priorities are to release the FPGA IP Beta and performance figures, continue security and side-channel analysis, advance ASIC IP toward Q1 2027 availability, and progress standalone silicon toward first samples in Q1 2027.
Across the broader roadmap, BTQ intends to continue its development programs with ICTK and ITRI while advancing design-in and commercialization discussions across defense, industrial, automotive, IoT, Physical AI, payments, telecommunications, digital assets, and other connected infrastructure.
BTQ's objective is to establish QCIM as a crypto-agile, side-channel-secure hardware platform for the post-quantum and AI era, allowing cryptographic protection to evolve through software rather than requiring hardware replacement as standards and threats change.
Financial Overview and Shelf Registration
The Company ended Q2 2026 with a cash balance of C$9,729,250.
The Company continues to allocate capital across product development, commercialization, strategic partnerships, and market expansion.
A base shelf prospectus registration remains in place to preserve strategic flexibility. Any future use of the shelf would be subject to applicable regulatory requirements and prevailing market conditions at the time of issuance.
Outlook
BTQ enters the second half of 2026 increasingly focused on commercial execution across its Building Trusted Quantum strategy.
Across Quantum Accelerated Networks, the Company intends to expand MIMIQ™ distribution and enterprise adoption, advance international market development, grow its active commercial pipeline, and connect its Digital Twin technology with real neutral-atom quantum hardware.
Across Blockchain Networks, BTQ intends to convert QSSN proof-of-concept engagements into production deployments, broaden its Korean banking and fintech pipeline, expand internationally, and develop recurring validator and transaction-based revenue opportunities.
Bitcoin Quantum is focused on completing external security validation, launching the network, establishing institutional custody and market-making infrastructure, and building liquidity and ecosystem infrastructure around the protocol.
Across Silicon Networks, BTQ continues progressing QCIM toward productization, silicon validation, integration, and future commercial deployment.
More broadly, BTQ believes these initiatives position the Company at the intersection of two major technology transitions: securing existing infrastructure against emerging quantum risks and building the architecture required to make future quantum systems trustworthy.
BTQ calls this strategy Building Trusted Quantum.
By establishing trust at the silicon layer, extending that trust across blockchain and digital financial networks, and carrying it forward into quantum-accelerated infrastructure, BTQ is seeking to build an integrated platform for the quantum era.
BTQ Technologies to Host Live Webinar on Q2 2026 Financial Results and General Corporate Update
The Company is also pleased to announce that it will hold a shareholder call on Friday, August 14, 2026, at 12:00 p.m. EST to discuss its Q2 2026 financial results and provide a general corporate update.
IMPORTANT – To register for the webcast, see below:
When: August 14, 2026
Time: 12:00 PM Eastern Time
Topic: BTQ Technologies Shareholder Call to Discuss Q2 2026 Financial Results and General Corporate Update
Register in advance for this webinar:
https://us05web.zoom.us/webinar/register/WN_AxRgJ9UVR4O5W2jKBvlK4w
After registering, you will receive a confirmation email containing information about joining the webinar.
About BTQ
BTQ Technologies Corp. (Nasdaq: BTQ | Cboe CA: BTQ) is a quantum technology company focused on accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio and deep technical expertise, BTQ is developing a full-stack, neutral-atom quantum computing platform spanning hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense.
Connect with BTQ: Website | LinkedIn | X/Twitter
About QPerfect
QPerfect, a wholly owned subsidiary of BTQ Technologies, is a French quantum computing company based in Strasbourg, led by a team of scientists and engineers recognized for their pioneering work in neutral atom physics, quantum optics, and quantum software engineering, and specializing in quantum computing and quantum design automation. Founded in 2023, the deeptech company has received the i-Lab Grand Prix and provides powerful technology to enable researchers, developers, and manufacturers to realize the full potential of quantum computers.
At the core of QPerfect's innovation is the Quantum Logic Unit (QLU), a multi-layered framework designed to accelerate quantum development. Its flagship product, MIMIQ™, forms the first layer of the QLU™ and offers a cutting-edge platform that executes quantum algorithms with unmatched speed, accuracy, and flexibility -- which the Company believes surpasses existing simulators and current quantum computers. For more information, please visit https://qperfect.io
ON BEHALF OF THE BOARD OF DIRECTORS
Olivier Roussy Newton
CEO, Chairman
Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the development, commercialization, and adoption of the Company's products and technologies and the revenue opportunities thereof; international expansion initiatives; anticipated market opportunities in post-quantum cryptography, digital assets, quantum computing, blockchain infrastructure and quantum security technologies; the business plans of the Company, including with respect to its research partnerships, and the implementation thereof. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information.
The Company has made numerous assumptions including among other things, assumptions about: the development, commercialization and adoption of the Company's technologies; strategic partners; continued demand for quantum-secure products and technologies; the integration of QPerfect; general business and economic conditions; the development of post-quantum algorithms and quantum vulnerabilities; and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks relating to the completion of the proposed acquisition of QPerfect and the integration thereof; risks that QCIM, QSSN, Bitcoin Quantum, or other products may not achieve commercialization on the timelines anticipated or at all; risks that pilot programs and early-stage commercial deployments may not convert to revenue-generating contracts; risks relating to competition in the post-quantum cryptography and quantum computing industries; risks relating to the Company's dependence on key partnerships in South Korea and other jurisdictions; risks relating to changes in regulatory frameworks for digital assets, stablecoins, and post-quantum cryptographic standards; risks that the Bitcoin Quantum mainnet launch may not occur on the anticipated timeline or achieve the expected network adoption; and other risk factors as detailed from time to time in the Company's public disclosure documents filed on SEDAR+ and EDGAR. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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SOURCE BTQ Technologies Corp.

Revenue and Operating Loss: DeFi Technologies reported revenue of $7.8 million and operating loss of $2.3 million for the three months ended June 30, 2026.Strong balance sheet and liquidity: As of June 30, 2026, DeFi Technologies held $70.7 million in combined cash and USDT/USDC, $30 million in digital asset treasury holdings, $19.1 million in STRC/RWUSD, and a venture and private portfolio valued at $15.1 million, for total cash, treasury, and venture portfolio value of approximately $135 million.Continued platform monetization: During the quarter, Valour generated $3.0 million in management fees, staking, and lending income on average quarterly AUM of $471.5 million with $22.8 million in net inflows, and Stillman Digital contributed $2.5 million in trading commissions revenue and continues to pace for a record revenue year.Strategic capital deployment: The Company is actively deploying capital into growth initiatives, strategic infrastructure, and new institutional product structures.
TORONTO, Aug. 13, 2026 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) (B3: DEFT31), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), today announced its financial results for the three months ended June 30, 2026. All dollar amounts in this press release are in U.S. dollars, unless otherwise stated.
Financial Highlights
Revenue
Total revenue for the three months ended June 30, 2026, was $7.8 million, compared to $13.1 million in Q2 2025.Core operating revenue, excluding realized and net change in unrealized gains and losses, was $5.5 million, compared to $6.7 million in Q2 2025.
Operating Income / (Loss)
Operating income / (loss) for the three months ended June 30, 2026, was ($2.3 million), compared to ($0.9 million) for the three months ended June 30, 2025.
Operating Expenses
Total operating expenses for Q2 2026 were $10.1 million, compared to $14 million in Q2 2025.The decrease reflects continued cost discipline across the platform, including lower share-based payments, partially offset by higher operating, general and administrative expenses associated with growth initiatives.
Valour – AUM, Net Inflows, Management Fees, Staking and Lending Income
For the three months ended June 30, 2026, Valour's average AUM was $471.5 million compared to $760.2 million in Q2 2025.For the three months ended June 30, 2026, the company generated $22.8 million in net inflows into its ETPs.For the three months ended June 30, 2026, Valour generated $1.9 million in staking and lending income, compared to $2.4 million in Q2 2025.Management fees were $1.1 million, compared to $2.1 million in Q2 2025.Together, management fees and staking and lending income totaled $3 million in Q2 2026, compared to $4.5 million in Q2 2025.
Stillman Digital
For the three months ended June 30, 2026, Stillman Digital generated $2.5 million in trading commissions revenue, compared to $1.9 million in Q2 2025.Stillman continues to strengthen the institutional trading, execution, and liquidity layer of DeFi Technologies' platform.
Cash, Treasury, Venture, and Working Capital Position
Cash and USDT/USDC balance: As of June 30, 2026, DeFi Technologies held $60,311,712 in cash and $10,352,363 in USDT/USDC, for a combined balance of $70,664,075 STRC/RWUSD balance: As of June 30, 2026, the Company held $19,050,483 in STRC/RWUSD.Digital asset treasury holdings: As of June 30, 2026, the Company's treasury holdings totaled approximately $30,045,074.Venture portfolio: As of June 30, 2026, the Company's venture and private portfolio was valued at $15,147,378.
Together, total cash, USDT/USDC, STRC/RWUSD, treasury, and venture portfolio value stood at approximately $135 million as of June 30, 2026. The Company regularly monitors its cash and digital asset reserves on a consolidated basis and allocates a portion of its digital asset treasury reserve to support ETP market risk hedging and broader strategic capital allocation.
Comment from Johan Wattenström, Chief Executive Officer of DeFi Technologies
"Q2 was another challenging quarter for digital asset markets, and those conditions were reflected in our reported financial results. However, we believe the more important indicators for the long-term health of the business are what is happening underneath the market cycle, and on that basis, we continued to make meaningful progress.
Two metrics stand out in particular. Valour generated more than $22.8 million of net inflows during the quarter despite weaker digital asset prices, demonstrating continued customer demand for our products in a difficult market. At the same time, Stillman Digital continued to onboard larger institutional clients and remains on pace for a record year of revenue. We view both as important indicators of the underlying strength of the platform because they reflect growth that is not simply dependent on rising asset prices.
We also continue to operate from a position of significant financial strength. Our robust balance sheet gives us the ability to invest through the cycle, continue building our core businesses and pursue strategic opportunities at a time when weaker market conditions can create particularly attractive entry points. Historically, crypto winters have created significant opportunities for well-capitalized companies, and we believe the current environment is no different.
We are actively sourcing and evaluating high-value, large-scale acquisition opportunities that could meaningfully expand our capabilities, distribution or earnings potential. We maintain a high threshold for deploying shareholder capital, and the timing of any transaction is inherently difficult to predict, but the quality and quantity of opportunities we are seeing today are unprecedented.
At the same time, we continue to strengthen the organic business. We are advancing our hedge fund strategy, progressing Valour Custody and our UCITS platform, and investing in new products and technologies that can broaden our revenue base over time.
Our objective is to use periods like this to build a larger, more diversified and more scalable platform. Valour's continued inflows expand the asset base from which we can generate management fees, staking income and other forms of monetization, while Stillman's growth expands our institutional revenue base independently of Valour's AUM.
Market cycles will continue to influence our reported results, but we believe the underlying business is becoming stronger through this downturn. With continued organic growth, a scalable operating platform, and substantial balance sheet capacity, we believe DeFi Technologies is positioned to emerge from this market environment with significantly greater earnings power and the ability to capitalize meaningfully when digital asset markets strengthen."
DeFi Technologies Shareholder Call to Discuss Q2 2026 Financial Results
To register for the webcast, see below:
When: Friday, August 14, 2026
Time: 11:00 AM Eastern Time
Topic: DeFi Technologies Q2 2026 Financials
Register in advance for this webinar: https://zoom.us/webinar/register/WN_QLs05yf-QS-HV9Rhd-lX4w
Analyst Coverage of DeFi Technologies
A full list of DeFi Technologies analyst coverage can be found here: https://defi.tech/investor-relations#research.
For inquiries from institutional investors, funds, or family offices, please contact: ir@defi.tech
About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) (Brazil B3: DEFT31) is a financial technology company building for the convergence of traditional capital markets and decentralized finance ("DeFi"). As a publicly listed and vertically integrated digital asset platform, DeFi Technologies provides familiar, simple, secure, and regulated access to the digital asset economy through investment products, trading and liquidity infrastructure, research, and strategic capital deployment. Its business includes Valour, a leading issuer of regulated digital asset ETPs; Stillman Digital, an institutional-grade digital asset trading and liquidity platform; and DeFi Alpha, the Company's internal business line focused on opportunistic trading, arbitrage, and other capital markets strategies. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the gateway between traditional finance and the future of digital assets.
Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/.
DeFi Technologies Subsidiaries
About Valour
Valour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit valour.com.
About Stillman Digital
Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit https://www.stillmandigital.com.
Cautionary note regarding forward-looking information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the financial results of the Company; revenue outlook of the Company and its business segments; growth of AUM; revenue generating opportunities for the Company's digital asset holdings; Stillman Digital and their respective plans and outlooks for 2026; fluctuation in digital asset prices; investment and interest in the digital asset sector; future collaborations and partnerships; development of ETPs; geographic expansion of the Company; future acquisitions by the Company; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; the appointment of directors and officers of the Company; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of DeFi and digital asset sector; rules and regulations with respect to DeFi and digital assets; fluctuation in digital asset price levels; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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SOURCE DeFi Technologies Inc.

Company will relaunch as Zone Frontier Inc. to develop, power, and deliver next-generation AI data center campuses
As previously announced, the Company's definitive agreement with Cerebras Systems, Inc. (NASDAQ: CBRS) for the Minnesota campus represents approximately $800 million of contracted value over the initial 10-year term with the potential to exceed $3 billion if fully extendedApproximately $140 million of project equity capital funded or committed by the Company for the Minnesota data center campus, including net proceeds of the equity raise and proceeds from the completed sales of its Dogecoin holdings The Company does not anticipate raising any additional dilutive financing for the Minnesota data center projectThe completed financing advances ZONE's initial Minnesota campus and accelerates a growing pipeline of AI infrastructure projects
HOUSTON, Aug. 13, 2026 /PRNewswire/ - CleanCore Solutions, Inc. (NYSE American: ZONE) ("CleanCore" or the "Company"), a company building the critical infrastructure that powers the AI economy, yesterday announced the closing of its $100 million public equity raise.
The equity raise is a defining milestone in ZONE's transformation into a pure-play developer of power-first AI infrastructure. With this equity round now complete for its Minnesota data center campus, the Company moves from development into execution.
As previously announced, the Company's definitive agreement with Cerebras Systems, Inc. (NASDAQ: CBRS) for the Minnesota campus represents approximately $800 million of contracted value over the initial 10-year term. If all available renewal terms are exercised, aggregate contract value has the potential to exceed $3 billion.
Following the closing of the equity raise, the Company has approximately $140 million of project equity capital funded or committed for the Minnesota data center campus, including net proceeds of the equity raise and proceeds from the completed sales of its Dogecoin holdings. The Company currently expects the remaining project capitalization to be funded through project-level debt financing, cash flow from operations and other non-dilutive amounts contractually provided for under the project's agreements.
"This closing does exactly what we set out to do," said Tyler Hassen, Chief Executive Officer of ZONE. "With the recently announced equity, ZONE is positioned to accelerate the completion of our Minnesota campus, and it deepens our institutional partnership base. Power is the binding constraint on AI compute today, and ZONE is building the infrastructure needed to help solve that challenge. I am committed to our mission and believe in our ability to execute, which is why I personally invested in this financing."
The company also announced today its brand transition to Zone Frontier Inc., which is aligned with its focus on building the critical infrastructure that powers the AI economy.
"Our rebrand to Zone Frontier reflects our commitment to developing next-generation data center campuses for the world's leading AI and technology companies," continued Hassen. "We are seeing tremendous long-term value creation potential in our growing pipeline and are excited to build a world-class business over time."
The transition is expected to be complete by the end of the month. The Company's new website is www.zonefrontier.com.
About CleanCore Solutions, Inc.
CleanCore Solutions, Inc. (NYSE American: ZONE) is helping to build the critical infrastructure that powers the AI economy. Through a growing pipeline of projects, ZONE aims to help meet the increasing demand for compute capacity, power, and digital infrastructure required by the world's leading AI companies.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding the expected use of the proceeds from the offering, the Company's anticipated capital needs and financing plans for the Minnesota data center project, the potential value of the Company's contracts, the Company's business strategy and pipeline of projects, the Company's expected transition to an AI infrastructure business, and the planned name change. Forward-looking statements are generally identified by words such as "anticipates," "believes," "expects," "intends," "plans," "may," "will," "could," "should," "estimates," "projects," "potential," "focused on," "aims," "expand," "expected," "look forward," and similar expressions. These forward-looking statements are based on management's current expectations and assumptions as of the date of this press release and are subject to significant risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to: the highly speculative and uncertain nature of the Company's AI critical infrastructure business; the Company's continued ability to successfully transition its business model from cleaning services; the Company's lack of operating history in the data center or computing infrastructure industry; the Company's limited experience in the data center and AI infrastructure industries; the Company's ability to obtain project-level debt financing on acceptable terms or at all; the status of the Company's operations, results of operations, growth strategy and liquidity; and, general economic, financial, capital market and industry conditions.
For a more complete discussion of risks and uncertainties, please refer to the Company's filings with the SEC, including the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. All forward-looking statements are qualified in their entirety by this cautionary statement.
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SOURCE CleanCore Solutions (NYSE AMERICAN: ZONE)

PARIS, Aug. 13, 2026 /CNW/ - Thierry EHRMANN, Founder of Artprice and CEO of Artmarket.com, and his family have full confidence in the future of Artmarket.com and in the growth of its activities, driven notably by substantial investments dedicated to the development of Artmarket.com's vertical AI. The expression of support from the Ehrmann family and Groupe Serveur (majority shareholder) for the expansion of Artmarket.com's business will materialize very shortly through an increase in their shareholding in Artmarket.com via the acquisition of additional Artmarket.com shares. Naturally, all required disclosures will be made to the AMF (French Financial Markets Authority) and online within legal deadlines during authorized trading windows.
News and Outlook
From Progressive Transition to the "AI-FIRST" Metamorphosis of the Artprice Meta-Database
Following an in-depth strategic review approved by the Board of Directors, Artprice- the global leader in art market information for nearly three decades- is executing a major doctrinal shift in the integration of its proprietary artificial intelligence architectures, notably "Intuitive Art Market®" and "Blind Spot®".
From Incremental Deployment to the "AI-First" Architectural Shift
The initial strategy called for a slow, educational rollout of our AI building blocks within our historical databases. While cautious, this approach fragmented the market's perception of the ongoing technological revolution. AI is no longer an optional component: it has become the core matrix of the global economy.
Gradually injecting AI modules into an infrastructure proven over 25 to 30 years of use is equivalent to attempting to convert an internal combustion engine vehicle with analog controls into a digital electric vehicle piece by piece while driving. Clients struggle to gauge the quantum leap between the old world and the new, risking operational inconsistencies. Today, we choose clarity and high standards: abandoning piecemeal deployments to deliver a global, seamless, and fully realized mutation.Financial Strength and Adjusted Schedule
This choice of rigor entails a minor adjustment to our public deployment schedule, with no impact on our financial trajectory. In a complex global economic environment marked by heightened geopolitical tensions and sharp volatility in energy costs, Artprice by Artmarket's revenue continues to maintain steady growth. This remarkable economic foundation grants us the independence and composure necessary to prioritize operational perfection over haste- a stark contrast to many listed companies incorporating AI into their business models while constantly seeking equity capital.Act I: The Intra-Community Revolution
The restructuring centers around Artprice's unique asset: nearly 180 interconnected proprietary databases forming an unprecedented global meta-database, alongside its world-renowned collection of Manuscripts and sales catalogs from 1700 to the present day, considered unique worldwide by researchers and experts.
The first phase of this mutation is occurring internally. All Group employees, departments, and production units are being directly equipped with dedicated AI hardware and edge units. Before exposing these tools to our subscribers, we are completing a total overhaul of our internal workflows. Data collection, standardization, and enrichment pipelines are being completely rewritten according to Deep Learning standards and proprietary algorithms.Act II: Delivery of a Natively Transformed Database Platform
Only once the internal value chain is fully calibrated will the platform be released to our subscribers. The database platform will not appear as a stack of incremental modules, but as a complete "AI-First" environment built upon our core pillars: certified massive data (standardized Big Data), deep learning (Data Learning), and algorithmic security.
By choosing this comprehensive and structured metamorphosis, Artprice reaffirms its position as a pioneer: transforming 30 years of global art market information leadership into a sovereign engine of decision intelligence for the entire global art market.
In an era where the open internet is sinking into entropy and dilution caused by the surge of synthetic data (70% uncontrollable synthetic data as of June 30, 2026, according to Gartner Group and the Europol Innovation Lab), companies that own their entire data value chain constitute true citadels of cognitive sovereignty.
Mastering the process from raw capture (standardized big data) to data mining, through to training deep learning models on tens of millions of unique records protected by patented algorithmic architectures, is no longer mere digital asset management: it establishes a monopoly on ground truth in a given market- in this case, the Art Market.
The evolution of Artprice's ultra-proprietary databases into vertical AI versions (Intuitive Art Market® and Blind Spot®) represents not a simple technical update, but an ontological mutation structured around key strategic axes:
Ontological Mutation Defined: According to Thierry Ehrmann, Founder of Artprice and CEO of Artmarket: An ontological mutation designates a radical transformation not of the form, performance, or functions of an entity (what it does), but of its fundamental nature, essence, and mode of existence (what it is). Where a traditional evolution refines an existing system, an ontological mutation changes the category of reality to which that system belongs.
Applied to Artprice and the full mastery of its vertical AI (Intuitive Art Market® and Blind Spot®) and industrial process pipelines, this mutation manifests across three levels:
From Information Container to Cognitive Organism: Artprice no longer defines itself as an expert aggregator or a historical database. By embedding vertical AI at the core of its sovereign infrastructure, the entity evolves from a knowledge base into an autonomous cognitive architecture.The Metamorphosis of Art market data changes its ontological status. From a static, descriptive archival trace, it becomes a dynamic, predictive, and living semantic matrix capable of contextualizing and analyzing the market in real time.Ontological Sovereignty of the Process: Owning the entire industrial chain (from proprietary raw data to the vertical language model, without third-party application dependencies) guarantees systemic self-sufficiency. AI is not a tool grafted onto the model: it becomes the very substance of Artprice's operation.
Five Strategic Axes of the AI Mutation
From Information Container to Deterministic Oracle: Historically, the value of these databases rested on indexing depth and search engine precision. Integrating a proprietary vertical AI transforms passive yet incorruptible data into active decision intelligence. While generic large language models (LLMs) suffer from hallucinations due to the porosity of their training corpora, vertical AI backed by a sovereign data pipeline operates in an ultra-secure closed loop. The system does not generate plausibility; it produces explainable certainty backed by pinpoint traceability.The Emergence of High-Value Sovereign Agency: User interaction evolves from the traditional query-response model to complex agentic automation. Artprice subscribers no longer search for a single occurrence or historical statistic; they mandate an autonomous Artprice agent trained exclusively on this data asset to perform arbitrage, simulate forward-looking scenarios, or model risks with extreme precision. Vertical AI becomes an augmented collaborator that unlocks the underlying value of millions of data pairs accumulated over decades by Artprice by Artmarket.Valuing Scarcity Amid the Synthetic Flood: As the marginal cost of creating generic content plunges toward zero, the relative value of historical, certified, and non-replicable databases grows exponentially (Financial Times). Companies controlling this sealed pipeline hold the only unpolluted "raw oil wells" of the digital world. Their subscription model no longer sells access to information, but the privilege of accessing critical information asymmetry for strategic, financial, or operational decision-making, via an annual subscription at a very reasonable cost of $1,600 to $2,500/year (€1,600–$2,500).Algorithmic Interfacing and Restricted Hybridization: These citadels will not isolate themselves completely, but will evolve their access models. The future lies in deploying predictive APIs and inference sub-systems capable of integrating directly into institutional clients' workflows. Rather than delivering raw data, Artprice will distribute embedded intelligence modules, making its algorithmic ecosystem indispensable and intrinsically linked to its subscribers' vital processes.Continuous Capture and Closed Feedback Loop: Every query and analysis conducted by privileged Artprice users within this vertical AI feeds back into and enriches the underlying data structure (continuous fine-tuning, metadata enrichment). This feedback mechanism creates an unassailable technological flywheel: the more Artprice databases are queried by experts via AI, the more the AI refines its semantic and predictive understanding of the market, indefinitely widening the gap with any emerging competitor.
In short, these ultra-proprietary databases will cease to be viewed as digital libraries and become sovereign inference engines. By controlling both the fuel (tens of millions of certified data points) and the engine (vertical AI and proprietary algorithms), these players do not merely evolve- they redefine the very nature of paid strategic intelligence, elevating data exclusivity into the supreme standard of the algorithmic era.
Strategic Summary: Perfect Encapsulation and Absolute Rigor for the High-End Offer
Armed with a massive head start guaranteed by our two proprietary artificial intelligences, Intuitive Art Market and Blind Spot, we took the necessary step back to make a minor adjustment to our launch calendar. This strategic timing reflects a fundamental requirement: finalizing a high-end subscription where technological power is entirely seamless behind absolute ease of use.
The top priority lies in complete encapsulation of algorithmic complexity between our data production pipelines and the client operational stage. Subscribers should no longer have to manipulate complex filters or settings; interaction must occur naturally and fluidly between our members and our sovereign AIs.
In the specialized ecosystem of the Art Market, this fluidity demands extreme rigor: the AI must master domain terminology and operate in over forty languages while strictly respecting the golden rule of art history, which formally prohibits any translation of artwork titles. Preserving original nomenclature and adhering to our historical protocols remain non-negotiable.
To perfect the user experience, the interface incorporates high-precision predictive guidance: from the very first natural language prompt, the system spontaneously suggests the most relevant follow-up questions to guide collectors, institutions, and professionals. However, unlike generic search engines that tolerate approximation, there is zero margin for error for a proprietary AI powered by our fully standardized and certified databases.
Currently undergoing rigorous and demanding beta testing to push their limits, our AIs are being calibrated to deliver flawless ergonomics. This stress-testing phase ensures intuitive and rewarding adoption across all user generations, proving that absolute mastery of internal corpora is the prerequisite for exceptional artificial intelligence.
From Valuation Algorithm to Systemic Paradigm: The "BLIND SPOT©" Dynamics
Initially conceived as a microeconomic modeling tool within Artprice, the Blind Spot© system was designed to solve the price discontinuity equation between two public auction sales. By relying on an artist's global index history and formal traceability of auction sales--such as a Jackson Pollock masterpiece auctioned for $4 million in 1998 reaching $58 million in 2026- Blind Spot calculated with surgical accuracy the reconstruction of value during intervals of market opacity.
However, the rise of vertical AI architectures and the formalization of our theoretical corpus revealed a deeper truth: the blind spot is not merely a statistical gap; it is the underlying structure of data and the fundamental lever to access market truth.
Re-conceptualized by its creator Thierry Ehrmann, Blind Spot has become a 360-degree investigation engine capable of detecting and illuminating what escapes traditional modeling across key dimensions:
Biographical & Corpus Consistency: Applied to artistic career trajectories, Blind Spot analyzes abnormal proliferation of works that do not align with an artist's documented biography. An artist's biography is not just a historical narrative; it sets the physical boundaries of production, identifies creative shifts, and isolates peak periods- the key phases sought after by collectors. By cross-referencing market volume indices with real biographical pacing, the AI immediately detects flow anomalies and authenticates scarcity.Macroeconomic & Geopolitical: On a global market scale, Blind Spot isolates exogenous factors explaining sudden drops in market activity for a financial center or country. Where traditional analyses suffer variations without grasping causes, the system cross-checks weak signals (regulatory, tax, sociopolitical) to explain trend disruptions and anticipate geographical shifts in capital.Aesthetic & Cross-Recommendation: At the behavioral level, collectors often remain confined within rigid classifications of official artistic movements. Blind Spot breaks these conceptual silos by identifying formal, material, or conceptual correspondences between artists from seemingly disparate movements. By revealing these elective affinities invisible to the human eye, the system recommends works outside collectors' usual scope that resonate perfectly with the deep sensibility of their collections.Operational & Calendar Alignment: In processing massive global data flows, certain delays or acquisition pauses previously remained unexplained. By integrating all cultural, civil, national, and religious calendars into the heart of the model, the AI illuminated the temporal gaps responsible for these lulls. This granular understanding of societal cycles allows pre- and post-capture adjustments, permanently closing algorithmic gaps.Cross-Functional Innovation Among Our Teams: Extended to internal organization, the Blind Spot concept transformed human capital management. In complex organizations, groundbreaking ideas rarely prevail when proposed by employees outside the relevant department. By identifying these organizational blind spots, the company unlocks cross-functional capabilities, encouraging employees to voice vision beyond their scope, enriching collective intelligence and driving unprecedented qualitative leaps.
Today, Blind Spot no longer merely bridges gaps between two market valuations of the same work: it has become the guiding principle of a global vision, converting every shadow zone of the market, data, and organization into a high-value strategic asset.
Deployment of Deterministic and Probabilistic AI Agents for Global and US Market Conquest
The Group's technological infrastructure achieves a decisive milestone in its strategy to acquire and maximize high-value information by deploying two complementary agentic architectures: deterministic AI for structured data collection and probabilistic AI for strategic commercial expansion.
Deterministic Agentic Agents: Sovereign Collection & Data Exclusivity
Evolving from our initial web scraping and crawler systems, we have already deployed a generation of deterministic agentic agents. Engineered to operate without drift or interpretation, these agents interact exclusively under contractual agreements and formal partnerships with our global network of 7,200 auction house partners. Their mission is to extract, index, and structure an unprecedentedly rich data corpus, incorporating significant confidential information completely absent from the open Web. By deliberately excluding any probabilistic approach at this capture stage, we guarantee our databases scientific rigor and absolute certainty.Probabilistic Agentic Agents: High-Precision Targeting in the US Market
To drive our expansion ambitions in the US market--the world's primary art market offering immense revenue potential--we are concurrently deploying a fleet of probabilistic agentic agents with high success probability algorithms. Tailored to adapt to local, linguistic, and cultural specificities across US states, these agents model behavior to pinpoint major collectors, professionals, and institutions operating outside traditional sales channels with surgical precision.Media Synergy: The Impact of Artprice News
This acquisition framework is amplified through synergy with Artprice News, our global art market news agency. Publishing real-time dispatches nearly every hour with a strong emphasis on the North American ecosystem, the agency and its editorial team continuously engage decision-makers. The combination of our data's deterministic depth and our agents' probabilistic market penetration establishes an unparalleled customer acquisition engine.
Copyright 1987-2026 thierry Ehrmann www.artprice.com - www.artmarket.com
For information purposes, Thierry Ehrmann has finalized the writing of an 1,800-page philosophical and scientific essay dedicated to Artificial Intelligence from 1987 to the present day. The central chapters of this work trace Artprice's little-known human epic, leading to the global construction of a universal memory of the art market, shaped through landmark encounters with pioneers in art market sociology and historical market figures. This multilingual work will be released globally in digital and print formats, with the English version benefiting from a preliminary release prior to the launch of the French edition.
Artprice's econometrics department can answer all your questions relating to personalized statistics and analyses: econometrics@artprice.com
Find out more about our services with the artist in a free demonstration: https://artprice.com/demo
Our services: https://artprice.com/subscription
About Artmarket.com:
Artmarket.com is listed on Eurolist by Euronext Paris. The latest TPI analysis includes more than 18,000 individual shareholders excluding foreign shareholders, companies, banks, FCPs, UCITS: Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.
Watch a video about Artmarket.com and its Artprice department: https://artprice.com/video
Artmarket and its Artprice department were founded in 1997 by thierry Ehrmann, the company's CEO. They are controlled by Groupe Serveur (created in 1987). cf. the certified biography from Who's Who In France©:
https://imgpublic.artprice.com/img/wp/sites/11/2025/11/2026_Biographie_de_Thierry_Ehrmann_WhosWhoInFrance.pdf
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years) in databanks containing over 30 million indices and auction results, covering more than 915,300 artists.
Artprice Images® allows unlimited access to the largest art market image bank in the world with no less than 181 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket, with its Artprice department, constantly enriches its databases from 7,200 auction houses and continuously publishes art market trends for the main agencies and press titles in the world in 121 countries and 11 languages.
https://www.prnewswire.com/news-releases/artmarketcom-artprice-and-cision-extend-their-alliance-to-119-countries-to-become-the-worlds-leading-press-agency-dedicated-to-the-art-market-nfts-and-the-metaverse-301431845.html
Artmarket.com makes available to its 9.3 million members (members log in) the advertisements posted by its Members, who now constitute the first global Standardized Marketplace® for buying and selling artworks at fixed prices.
There is now a future for the Art Market with Artprice's Intuitive Artmarket® AI.
Artmarket, with its Artprice department, has twice been awarded the State label "Innovative Company" by the French Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
Artprice by Artmarket publishes its 2025 Global Art Market Annual Report, published in March 2026:
https://www.artprice.com/artprice-reports/the-art-market-in-2025
Artprice by Artmarket publishes its 2025 Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2025
Summary of Artmarket press releases with its Artprice department: https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real-time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (more than 6.4 million subscribers)
x.com/artmarketdotcom
x.com/artpricedotcom
Discover the alchemy and the universe of Artmarket and its Artprice department: https://www.artprice.com/video
whose head office is the famous Museum of Contemporary Art Abode of Chaos dixit The New York Times / La Demeure of Chaos:
https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
Madame Rachida Dati, French Minister of Culture, has granted official recognition to thierry Ehrmann's Abode of Chaos as a 'total work of art', the global headquarters of Artprice by Artmarket.
https://www.prnewswire.com/news-releases/madame-rachida-dati-french-minister-of-culture-has-granted-official-recognition-to-thierry-ehrmanns-abode-of-chaos-as-a-total-work-of-art-the-global-headquarters-of-artprice-by-artmarket-302409684.html
La Demeure du Chaos/Abode of Chaos – Total Work of Art and Singular Architecture.
Confidential bilingual work, now made public: https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
L'Obs - The Museum of the Future: https://youtu.be/29LXBPJrs-ohttps://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (more than 4.1 million subscribers)https://vimeo.com/124643720
Contact : Artmarket.com and its Artprice department - Contact: ir@artmarket.com
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SOURCE Artmarket.com

BitcoinWorldCrypto Funding Concentrates in Licensed Firms as Compliance Becomes Core Asset
Crypto startups raised $11.2 billion in the first half of this year, with all of that funding directed to licensed, regulation-eligible companies, according to an analysis by Dubai-based law firm NeosLegal, as reported by CoinDesk. The shift marks a notable departure from earlier market cycles, where unregulated projects often attracted significant venture capital.
Compliance as a Competitive Advantage
NeosLegal founder Irina Heaver said the key competitive edge is no longer being unlicensed but securing licenses in the right jurisdictions. She noted that compliance status itself has become a core asset traded by the market, signaling a maturation of investor priorities.
This trend reflects broader regulatory developments across major markets, including the EU’s Markets in Crypto-Assets (MiCA) framework and the UAE’s Virtual Asset Regulatory Authority (VARA) licensing regime. Investors are increasingly viewing regulatory approval as a de-risking mechanism, particularly after several high-profile collapses of unregulated entities in previous years.
Barriers to Entry as Investment Value
Sigma Capital partner Vineet Budki highlighted that while code can be copied over a weekend, obtaining a VARA license or MiCA passport requires 18 to 24 months and millions of dollars in compliance costs. He explained that investors are effectively paying for barriers to entry in time and asymmetry, rather than for the product itself.
This perspective underscores a fundamental shift in how crypto startups are evaluated. Instead of solely focusing on technology or tokenomics, due diligence now heavily weighs regulatory standing, legal structure, and the ability to operate within established frameworks.
Why This Matters for the Market
For entrepreneurs, the findings suggest that early regulatory engagement is no longer optional but a prerequisite for attracting institutional capital. For investors, the concentration of funding in licensed firms indicates a flight to quality and a reduced appetite for regulatory risk.
The trend also aligns with broader institutional adoption, as traditional financial players increasingly seek compliant digital asset exposure. However, the high cost and lengthy timelines for licenses may create a two-tier market, potentially stifling innovation from smaller startups that cannot afford compliance burdens.
Conclusion
The first half of this year’s funding data confirms that regulatory compliance has become a central pillar of crypto investment strategy. As the market continues to mature, the ability to navigate licensing frameworks will likely remain a key differentiator for startups seeking capital. The long-term implications include a more stable, but potentially less diverse, crypto ecosystem.
FAQs
Q1: Why are investors favoring licensed crypto firms? Licensed firms offer reduced regulatory risk and a clearer legal framework, which is particularly attractive to institutional investors who face their own compliance requirements.
Q2: What is a VARA license or MiCA passport? VARA (Virtual Asset Regulatory Authority) is Dubai’s crypto regulator, while MiCA (Markets in Crypto-Assets) is the EU’s comprehensive regulatory framework. Both provide legal authorization to operate in their respective jurisdictions.
Q3: Does this mean unlicensed crypto projects will struggle to raise funds? Based on current trends, unlicensed projects may face significantly more difficulty attracting venture capital, as investors appear to prioritize regulatory standing as a key risk metric.
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BitcoinWorldBitmine Schedules 17 Weekly Dividend Payments on Preferred Stock Through Year-End
Bitmine, an Ethereum accumulation company, has announced plans to distribute 17 cash dividend payments on its 9.50% Series A perpetual preferred stock. According to a press release issued via PR Newswire, the dividends are scheduled to be paid weekly from late August through late December.
Dividend Schedule and Structure
The payment schedule reflects a consistent weekly cadence, with distributions occurring every week until the end of the year. The 9.50% Series A perpetual preferred stock carries a fixed dividend rate, and the company has committed to a series of payments rather than a single lump-sum distribution.
This approach provides preferred shareholders with a predictable income stream over the coming months. The exact payment dates were not detailed in the initial announcement, but the company indicated that the first payment would occur in late August, with subsequent payments following on a weekly basis.
Context: Bitmine’s Ethereum Accumulation Strategy
Bitmine positions itself as an Ethereum-focused investment vehicle, accumulating the cryptocurrency as part of its core business model. The company’s decision to issue regular dividends on its preferred stock may be aimed at attracting income-focused investors while maintaining its cryptocurrency holdings.
The move comes amid ongoing interest in digital asset companies offering shareholder returns. By structuring the dividends as weekly payments, Bitmine is differentiating itself from traditional quarterly or annual dividend schedules, which could appeal to investors seeking more frequent income.
Implications for Preferred Shareholders
For holders of the 9.50% Series A perpetual preferred stock, the weekly payment plan offers clarity and regularity. Perpetual preferred stock typically has no maturity date, so the company’s commitment to a defined payment schedule through year-end provides a degree of certainty in an otherwise open-ended instrument.
Investors should note that dividend payments are subject to board approval and available cash flow, as with any preferred stock. The announcement does not guarantee future distributions beyond the stated period.
Conclusion
Bitmine’s plan to issue 17 weekly dividend payments on its 9.50% Series A perpetual preferred stock through late December reflects a deliberate effort to deliver consistent returns to shareholders. The schedule, while specific to this period, underscores the company’s ongoing focus on its Ethereum accumulation strategy and its commitment to rewarding preferred investors.
FAQs
Q1: What is Bitmine’s 9.50% Series A perpetual preferred stock? It is a preferred stock issue that pays a fixed dividend rate of 9.50% annually. Perpetual means there is no maturity date, so the stock can remain outstanding indefinitely unless redeemed by the company.
Q2: When will the weekly dividend payments start and end? According to the announcement, the first payment is scheduled for late August, and the 17 payments will continue weekly through late December.
Q3: Are these dividend payments guaranteed? Dividend payments on preferred stock are typically subject to declaration by the company’s board of directors and depend on available cash flow. The announcement outlines the company’s plan, but future payments are not guaranteed.
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BitcoinWorldBank Leumi Partners with Galaxy Digital to Bring Crypto Trading to Israel
Israel’s oldest commercial bank, Bank Leumi, is renewing its push into the cryptocurrency sector by partnering with Galaxy Digital, a prominent digital asset financial services firm. The collaboration aims to offer trading and custody services for major virtual assets, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), directly through Bank Leumi’s mobile investment app. This move comes after a previous attempt in 2022, which was halted due to lack of approval from the Bank of Israel.
Background and Previous Attempt
Bank Leumi’s initial foray into crypto trading was in 2022, when it partnered with Paxos, a blockchain infrastructure platform. That effort was scrapped after failing to secure the necessary regulatory approval from the Bank of Israel, which has historically been cautious about digital assets. The new partnership with Galaxy Digital represents a strategic pivot, leveraging Galaxy’s expertise in digital asset custody and trading to navigate the regulatory landscape more effectively.
What This Means for the Israeli Crypto Market
If approved, this would mark the first time a commercial bank in Israel offers direct crypto trading services to its customers. This development could significantly increase mainstream adoption of cryptocurrencies in the country, providing a regulated and trusted avenue for investors. The Bank of Israel has been gradually exploring the digital asset space, including the potential issuance of a central bank digital currency (CBDC), but has maintained a cautious stance on private cryptocurrencies.
Why This Matters to Investors
For Israeli investors, the potential service would offer a convenient and secure way to buy, sell, and hold cryptocurrencies without needing to use separate exchanges or wallets. This integration into a traditional banking app could lower the barrier to entry for less tech-savvy individuals, potentially expanding the crypto investor base. However, the outcome depends on the Bank of Israel’s final decision, which is not guaranteed.
Conclusion
Bank Leumi’s renewed effort with Galaxy Digital signals a potential shift in Israel’s banking sector toward embracing digital assets. While the approval process remains a hurdle, the partnership could pave the way for other banks to follow suit, potentially transforming how Israelis interact with cryptocurrencies. The decision from the central bank will be a key indicator of the country’s regulatory direction in the coming months.
FAQs
Q1: When will Bank Leumi’s crypto trading service be available? The service is still pending final approval from the Bank of Israel. No official launch date has been announced, and it may take several months before a decision is made.
Q2: Which cryptocurrencies will be supported? According to the partnership, the service will initially support Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), with the possibility of expanding to other assets later.
Q3: Will this be the first time an Israeli bank offers crypto trading? Yes, if approved, Bank Leumi would be the first commercial bank in Israel to offer crypto trading services directly to its customers, marking a significant milestone for the country’s financial sector.
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BitcoinWorldTether CEO Paolo Ardoino Denies Reports of Company Building Its Own Blockchain
Tether CEO Paolo Ardoino has publicly denied recent reports suggesting that the company behind the world’s largest stablecoin, USDT, is developing its own blockchain. The denial comes in response to a market analysis report that claimed Tether was working on a so-called ‘stablechain.’
Background: The ‘Stablechain’ Speculation
The speculation began when a market analysis report, cited by BeInCrypto, suggested that Tether was exploring the creation of its own blockchain network. Such a move would have been significant, as Tether currently operates primarily on multiple existing blockchains, including Ethereum, Tron, and Solana, among others. A proprietary blockchain could potentially reduce transaction costs and increase control over the stablecoin’s infrastructure.
However, Ardoino took to social media to set the record straight, stating unequivocally that Tether is not building any blockchain and has no plans to do so. His statement aims to quell rumors that have circulated within the crypto community, which had been speculating about the strategic implications of such a move.
Why This Matters for the Crypto Market
USDT is the most widely used stablecoin, with a market capitalization exceeding $100 billion. Any major strategic shift by Tether could have ripple effects across the entire cryptocurrency ecosystem. The denial is crucial for market stability, as unfounded rumors can lead to unnecessary volatility and uncertainty among traders and investors.
Ardoino’s clarification reinforces Tether’s current approach, which focuses on maintaining the stability and liquidity of USDT across multiple networks. By not building its own chain, Tether continues to rely on established blockchain infrastructure, which has proven to be resilient and widely adopted.
Industry Reaction and Analysis
The crypto community has responded with a mix of relief and curiosity. Some analysts view the denial as a positive signal, indicating that Tether is not looking to disrupt its existing partnerships with other blockchain networks. Others speculate that the rumor may have originated from a misunderstanding of Tether’s ongoing research and development efforts.
It’s worth noting that Tether has been actively involved in various initiatives, such as investing in Bitcoin mining and supporting decentralized finance (DeFi) projects. However, these activities do not necessarily point to a blockchain development project. Ardoino’s statement provides much-needed clarity, allowing the market to focus on more substantive developments.
Conclusion
In summary, Tether CEO Paolo Ardoino has firmly denied reports that the company is building its own blockchain. The clarification is important for maintaining trust and transparency in the crypto market, especially given USDT’s central role. While rumors may persist, the official stance from Tether’s leadership is clear: no blockchain is in the works, and the company remains committed to its current multi-chain strategy.
FAQs
Q1: Did Tether officially deny building a blockchain? Yes, Tether CEO Paolo Ardoino publicly denied the reports, stating that the company is not building a blockchain and has no plans to do so.
Q2: Why did the rumor about Tether’s blockchain start? The rumor originated from a market analysis report that suggested Tether was developing its own blockchain, but this has been firmly denied by the company’s CEO.
Q3: How would a Tether blockchain have affected the crypto market? A Tether blockchain could have reduced transaction costs and increased control over USDT’s infrastructure, but it could also have disrupted existing partnerships. The denial removes that uncertainty, helping to maintain market stability.
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BitcoinWorldMonetalis-Linked Wallets Move $13M UNI to Cumberland, Acquire $9.56M HYPE
Wallets associated with investment advisory firm Monetalis have executed a significant portfolio rebalancing, selling 3.72 million UNI tokens—worth approximately $13 million—to Cumberland, a major institutional trading desk. In a parallel transaction, the same wallets acquired 171,543 HYPE tokens valued at roughly $9.56 million. The activity was flagged by on-chain analytics platform The Data Nerd, which tracks large whale movements and institutional flows.
On-Chain Data Reveals Strategic Shift
The transactions, recorded on-chain, highlight a clear rotation out of Uniswap’s governance token (UNI) and into HYPE, the native token of the Hyperliquid ecosystem. Cumberland, known for facilitating large OTC trades and providing liquidity to institutional clients, served as the counterparty for the UNI sale. This move suggests that Monetalis, which advises on digital asset investments, is adjusting its exposure based on current market dynamics.
While the exact rationale behind the trade has not been disclosed, such rebalancing often reflects a shift in conviction or a response to changing market fundamentals. UNI has faced selling pressure in recent months, while HYPE has gained traction due to its growing derivatives platform and increasing user activity.
Implications for Market Watchers
Large wallet movements are closely monitored by traders and analysts as potential signals of institutional sentiment. The sale of UNI to Cumberland—a common intermediary for block trades—indicates that the tokens were likely distributed to other buyers rather than sold on open exchanges, minimizing market impact. Meanwhile, the purchase of HYPE adds to a trend of institutional interest in emerging DeFi protocols.
What This Means for Investors
For retail investors, tracking such flows can provide insight into how sophisticated players are positioning themselves. However, it’s important to note that a single transaction does not dictate market direction. The move could be part of a broader tax-loss harvesting strategy, a rebalancing of a diversified portfolio, or a tactical bet on HYPE’s near-term performance.
Conclusion
The Monetalis-linked wallets’ swap of UNI for HYPE represents a notable reallocation of capital within the crypto space. As on-chain analytics become more accessible, similar moves by institutional players will continue to offer transparency into market trends. Investors should weigh these signals alongside other fundamental and technical indicators.
FAQs
Q1: Who is Monetalis? Monetalis is an investment advisory firm that provides digital asset management and financial advisory services, likely catering to high-net-worth individuals and institutions.
Q2: What is Cumberland? Cumberland is a prominent institutional trading desk and liquidity provider, often facilitating large over-the-counter (OTC) crypto trades for institutional clients.
Q3: Why are large wallet movements important? Large wallet movements can indicate shifts in institutional sentiment and may precede market movements, making them valuable signals for traders and analysts.
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BitcoinWorldJump Crypto Moves Another $18M in Bitcoin to Binance, Total Weekly Deposits Near $100M
Jump Crypto, a prominent market-making and trading firm, has deposited an additional 286.83 Bitcoin, valued at approximately $18.01 million, to the Binance exchange. This latest transfer was flagged by on-chain analytics platform The Data Nerd, which has been tracking the firm’s wallet activity.
Weekly Deposits Total Nearly $100 Million
According to The Data Nerd, Jump Crypto’s cumulative Bitcoin deposits to Binance over the past week have now reached 1,560 BTC, worth roughly $99.20 million. Following the latest transfer, the firm’s remaining on-chain Bitcoin holdings stand at approximately 1,410 BTC, valued at around $88.58 million.
These transfers have drawn attention because large exchange deposits often precede sell-offs. However, The Data Nerd notes that Jump Crypto operates as a market maker, and such deposits may not represent a pure sell signal. Instead, they could reflect the firm’s need to replenish liquidity inventory on the exchange to facilitate two-way quotes for its trading operations.
Understanding Market Maker Behavior
Market makers play a critical role in providing liquidity by continuously quoting both buy and sell prices. To maintain these quotes, they must hold sufficient inventory of the asset on the exchange where they operate. Depositing Bitcoin to Binance could simply be a routine rebalancing of inventory, especially given the volatility in crypto markets.
This context is important for traders and observers who often interpret on-chain movements as direct buy or sell signals. While large deposits can sometimes precede sales, the specific role of the entity making the transfer is a crucial factor in assessing intent.
Why This Matters to Crypto Investors
For market participants, understanding the difference between a genuine sell-off and routine operational activity can help avoid misreading market signals. Jump Crypto’s actions, while significant in size, are part of its normal market-making functions. The distinction matters because misinterpreting such moves could lead to unnecessary panic or unwarranted optimism.
Conclusion
Jump Crypto’s latest Bitcoin deposit to Binance, part of a larger weekly pattern, is best understood through the lens of market-making operations rather than as a straightforward bearish indicator. As with all on-chain data, context is key, and the role of the transacting entity should always be considered.
FAQs
Q1: Is Jump Crypto selling its Bitcoin? Not necessarily. While large deposits to exchanges can precede sales, Jump Crypto is a market maker and may be moving funds to ensure it has enough inventory on Binance to support its trading activities.
Q2: How much Bitcoin has Jump Crypto deposited to Binance this week? According to The Data Nerd, Jump Crypto has deposited a total of 1,560 BTC, worth about $99.20 million, to Binance over the past week, including the latest 286.83 BTC transfer.
Q3: What is Jump Crypto’s current Bitcoin holding? After the latest deposit, Jump Crypto’s remaining on-chain Bitcoin holdings are approximately 1,410 BTC, valued at around $88.58 million.
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BitcoinWorldIran and Oman Agree on Strait of Hormuz Passage Plan, Says Foreign Ministry
Iran’s Foreign Ministry spokesperson, Esmail Baghaei, announced on August 15 that Tehran and Muscat have reached an agreement on a maritime passage plan through the Strait of Hormuz. The deal, which aims to regulate and secure the transit of vessels in one of the world’s most critical oil chokepoints, comes amid ongoing diplomatic talks between the two nations, which continue despite reported U.S. interference.
Strategic Importance of the Strait of Hormuz
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. Roughly one-fifth of global oil consumption passes through this narrow waterway, making it a vital artery for international energy supplies. The strait is also a key route for liquefied natural gas (LNG) exports from Qatar, the world’s largest LNG producer.
Any disruption to shipping in the strait could have immediate and severe consequences for global oil prices and energy security. The agreement between Iran and Oman, therefore, holds significant implications not only for regional stability but also for the broader international economy.
Diplomatic Context and U.S. Interference
Baghaei emphasized that the talks between Tehran and Muscat are progressing, despite what he described as “U.S. interference.” The United States has long maintained a military presence in the region and has repeatedly warned against any Iranian actions that could threaten freedom of navigation. In recent years, there have been several incidents involving tankers and naval vessels in the strait, heightening tensions between Iran and Western powers.
Oman has historically played a mediating role in regional conflicts, maintaining diplomatic ties with both Iran and Western nations. This new agreement could be seen as part of Oman’s broader efforts to foster dialogue and reduce tensions in the Persian Gulf.
Implications for Shipping and Energy Markets
The details of the passage plan have not been fully disclosed, but it is expected to establish clear protocols for vessel transit, potentially reducing the risk of accidental confrontations or misunderstandings. For shipping companies and insurers, such a formal agreement could bring a measure of predictability to an otherwise volatile region.
Energy markets will be watching closely. Any sign of instability in the Strait of Hormuz tends to trigger speculative trading and price volatility. A stable passage agreement, if implemented effectively, could help reassure markets and support the steady flow of oil and gas.
Conclusion
The Iran-Oman agreement on maritime passage through the Strait of Hormuz represents a diplomatic step forward in a strategically vital region. While the full scope of the plan remains unclear, its successful implementation could enhance maritime security and contribute to regional stability. The continued talks between Tehran and Muscat, despite external pressures, signal a commitment to bilateral cooperation on shared interests.
FAQs
Q1: What is the Strait of Hormuz and why is it important? The Strait of Hormuz is a narrow waterway between Iran and Oman that connects the Persian Gulf to the open ocean. It is the world’s most important oil transit chokepoint, with about 20% of global oil consumption passing through it daily.
Q2: What does the Iran-Oman passage deal involve? The deal establishes a plan for maritime passage through the Strait of Hormuz, likely setting protocols for vessel transit to improve safety and coordination. Specific operational details have not been publicly disclosed.
Q3: How might this agreement affect oil prices? If the agreement leads to greater stability and fewer incidents in the strait, it could reduce risk premiums in oil markets, potentially moderating price volatility. However, the impact will depend on implementation and broader regional security dynamics.
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BitcoinWorldBitcoin at $1M by 2030? 10x Research Founder Says It’s ‘Mathematically Impossible’
Markus Thielen, founder of 10x Research, has cast doubt on the widely circulated prediction that Bitcoin could reach $1 million by 2030. Speaking on the Trade Secrets podcast, Thielen stated that such a price target is ‘mathematically impossible’ given current market dynamics and adoption rates.
Why Thielen Calls the $1M Target Unrealistic
Thielen’s argument centers on the market capitalization required for Bitcoin to hit $1 million per coin. At that price, Bitcoin’s market cap would exceed $20 trillion, surpassing the combined value of all global gold reserves and dwarfing the market caps of the world’s largest corporations. He pointed out that achieving this would require an unprecedented influx of capital, far beyond the current levels of institutional investment and retail participation.
He also highlighted the diminishing returns of Bitcoin’s growth. As the asset matures, the percentage gains needed to reach such a target become exponentially larger. Thielen noted that while Bitcoin has seen remarkable growth historically, the ‘low-hanging fruit’ of early adoption is gone, and future growth will likely be more measured.
Context: The $1M Bitcoin Narrative
The $1 million Bitcoin prediction has been popularized by various prominent figures, including MicroStrategy’s Michael Saylor and ARK Invest’s Cathie Wood. These predictions often rely on assumptions of hyper-adoption, Bitcoin becoming a global reserve asset, or severe fiat currency devaluation. However, Thielen’s critique adds a data-driven counterpoint, emphasizing the mathematical constraints of market size and capital flows.
What This Means for Investors
For investors, Thielen’s comments serve as a reminder to approach extreme price predictions with caution. While Bitcoin remains a volatile and potentially lucrative asset, expectations should be grounded in realistic market analysis. The debate also underscores the importance of diversification and risk management in cryptocurrency portfolios.
Conclusion
Thielen’s assertion challenges the optimistic narrative that Bitcoin will reach $1 million by 2030. While the future is inherently uncertain, his mathematical approach provides a sober counterpoint to the hype. Investors would do well to consider both the potential and the limitations of Bitcoin’s growth trajectory.
FAQs
Q1: Why does Markus Thielen believe Bitcoin can’t reach $1 million by 2030? He argues that the required market cap of over $20 trillion is unrealistic given current capital flows and adoption rates.
Q2: What market cap would Bitcoin need to hit $1 million? With approximately 19.7 million coins in circulation, Bitcoin’s market cap would need to exceed $19.7 trillion, surpassing global gold reserves.
Q3: Are there other analysts who disagree with Thielen? Yes, some prominent figures like Michael Saylor and Cathie Wood have made bullish cases for Bitcoin reaching $1 million, but their models rely on different assumptions about adoption and macroeconomic conditions.
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BitcoinWorldEtherealize CEO: Private Consortium Chains Risk Self-Defeating Competition
The CEO of Etherealize, a firm focused on bridging traditional finance and blockchain infrastructure, has cautioned that private consortium chains may be undermining their own long-term viability by fostering fragmentation rather than interoperability. Speaking at a recent industry event, the executive argued that siloed networks, often built by groups of institutions for internal efficiency, risk losing out to public blockchain ecosystems that offer broader network effects and shared security.
The Fragmentation Problem in Institutional Blockchain
Private consortium chains — permissioned networks where a select group of organizations controls validation and access — have been a popular entry point for banks, insurers, and supply chain firms exploring distributed ledger technology. They offer privacy, regulatory clarity, and controlled governance, which appeal to institutions wary of open networks. However, Etherealize’s CEO contends that this approach can become self-defeating when multiplied across industries.
Each consortium typically builds its own infrastructure, standards, and token standards, leading to a patchwork of incompatible systems. Instead of creating a seamless digital economy, these chains often replicate the same inefficiencies they were designed to solve — only within a closed loop. The CEO emphasized that without interoperability, consortium members may find themselves locked into a network with limited liquidity, higher operational costs, and reduced innovation compared to public blockchains like Ethereum, which benefit from a global developer community and composable applications.
The Case for Public Blockchain Interoperability
Etherealize, which positions itself as a bridge between institutional finance and the Ethereum ecosystem, argues that the future lies in hybrid models — where private or permissioned components can interact with public networks. This approach allows institutions to retain control over sensitive data while tapping into the security, decentralization, and network effects of a public chain. The CEO pointed to recent developments in layer-2 scaling and zero-knowledge proofs as enablers that make such hybrid architectures practical.
Industry observers note that the warning comes at a time when many consortium projects have struggled to move beyond pilot phases. The Hyperledger Fabric and R3 Corda platforms, while technically robust, have seen limited production adoption beyond niche use cases. Meanwhile, public blockchains have continued to mature, with institutional-grade custody, compliance tools, and stablecoins facilitating real-world settlement. The shift toward tokenized real-world assets, such as bonds and funds, has further highlighted the advantages of open networks where assets can move freely across applications and borders.
Why This Matters for the Broader Market
For enterprises evaluating blockchain strategies, the message is clear: prioritizing short-term control over long-term interoperability may lead to stranded investments. As the industry moves toward a multi-chain future, the ability to connect with public ecosystems could become a competitive differentiator. The CEO’s remarks also reflect a broader debate about whether permissioned networks can achieve the same level of innovation and network effects as their permissionless counterparts.
Regulators and standard-setting bodies are also paying attention. The European Union’s Markets in Crypto-Assets (MiCA) regulation and similar frameworks are increasingly designed with public networks in mind, potentially creating compliance advantages for institutions that operate on transparent ledgers. Moreover, the growing demand for digital asset liquidity — particularly in areas like cross-border payments and collateral management — favors networks that can aggregate global participation.
Conclusion
Etherealize’s warning highlights a pivotal moment for institutional blockchain adoption. While private consortium chains have served as valuable experimentation grounds, their long-term success may hinge on embracing interoperability with public networks. As the industry matures, the winners are likely to be those that balance control with connectivity, ensuring their infrastructure remains relevant in an increasingly interconnected digital economy.
FAQs
Q1: What is a private consortium chain? A private consortium chain is a permissioned blockchain network where a group of organizations jointly governs and validates transactions. Access is restricted to approved participants, offering privacy and regulatory compliance but often limiting openness and network effects.
Q2: Why does Etherealize’s CEO believe consortium chains are self-defeating? The CEO argues that each consortium builds isolated infrastructure, leading to fragmentation, higher costs, and reduced innovation. Without interoperability with public blockchains, these networks may struggle to achieve liquidity and broad adoption, undermining their long-term viability.
Q3: What is the alternative approach for institutions? Etherealize advocates for hybrid models that combine private or permissioned elements with public blockchain networks. This allows institutions to maintain control over sensitive operations while leveraging the security, liquidity, and developer ecosystem of public chains like Ethereum.
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BitcoinWorldBitcoin Apparent Demand Improves, But Analysts Advise Caution
Bitcoin’s apparent demand has shown a notable improvement, yet it remains in negative territory at -32,000 BTC, according to a recent analysis by CryptoQuant contributor Darkfost. The metric, which measures the gap between newly issued Bitcoin and supply that has remained dormant for over a year, is a key indicator of structural accumulation strength.
Understanding the Shift in Demand
Darkfost highlighted that Bitcoin entered its current consolidation phase in early June, when apparent demand was estimated at a significantly lower -272,000 BTC. The recent improvement, while positive, is not yet sufficient to signal a strong bullish reversal. Similar patterns were observed in February and May, where demand improved only to weaken again, underscoring the fragility of the current trend.
The analyst also noted a potential link between the improved demand reading and reduced average issuance, attributed to a drop in Bitcoin’s hash rate. Lower production levels could temporarily skew the apparent demand metric, making it less reliable as a standalone bullish indicator.
Market Implications and Context
Apparent demand is a crucial metric for gauging whether long-term holders are accumulating enough to absorb new supply. A negative reading suggests that more Bitcoin is being sold or moved than is being held, which can exert downward pressure on prices. The improvement from -272,000 BTC to -32,000 BTC indicates a shift in market dynamics, but Darkfost cautions against interpreting it as a definitive bullish signal.
This development comes amid a broader market environment characterized by uncertainty, with Bitcoin trading in a range-bound pattern. Institutional interest and macroeconomic factors continue to influence sentiment, and on-chain metrics like apparent demand provide valuable insights into underlying trends.
Why This Matters to Investors
For investors, understanding apparent demand helps in assessing the health of Bitcoin’s market structure. A sustained improvement could pave the way for a more robust price recovery, while a relapse could signal further downside. Monitoring this metric alongside other indicators, such as exchange flows and miner activity, can offer a more comprehensive view of market conditions.
Conclusion
Bitcoin’s apparent demand has improved significantly from its June low, but the metric remains negative, and analysts urge caution. The trend warrants close monitoring, especially given the potential influence of reduced issuance. While the improvement is a positive development, it is not yet a strong bullish signal. Investors should remain vigilant and consider multiple data points before making decisions.
FAQs
Q1: What is Bitcoin apparent demand? Apparent demand is the difference between newly issued Bitcoin and supply that has not moved for over a year. It helps gauge whether accumulation is strong enough to absorb new supply.
Q2: Why is apparent demand still negative? Despite improvement, the metric is at -32,000 BTC, meaning more supply is being sold or moved than held, which can exert downward pressure on prices.
Q3: How should investors interpret this data? While the improvement is positive, it is not a definitive bullish signal. Investors should monitor the trend alongside other on-chain and market indicators for a fuller picture.
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BitcoinWorldXRP Whale Deposits to Binance Slide to Lowest Level Since 2021, Reducing Sell Pressure
XRP whale inflows to Binance have dropped to their lowest level in over three years, a sign that large holders are moving fewer tokens to the exchange, according to data shared by CryptoQuant contributor Darkfost. The three-month average of whale deposits now stands at roughly $61 million, down sharply from $456 million in January 2024 and $355 million in October 2024.
What the Data Shows
Whale deposits refer to transfers of XRP from large holders to exchange wallets, often interpreted as a precursor to selling. The recent decline suggests that major investors are not rushing to offload their holdings, which could reduce immediate downward pressure on the token’s price.
Darkfost noted that the current deposit levels are six to eight times lower than the peaks seen earlier last year. However, net inflows remain positive at $18.8 million, indicating that some XRP is still moving into Binance, but at a much slower pace.
Why It Matters for XRP’s Market Outlook
Reduced whale deposits are generally viewed as a bullish signal because they imply less selling pressure from large holders. Yet Darkfost cautioned that it is too early to call a trend reversal. The absence of clear new demand means the market could still be in a consolidation phase.
For traders and investors, the data offers a nuanced picture: while the supply side is improving, demand-side indicators have not yet confirmed a sustained uptrend. This aligns with broader market conditions, where XRP has traded sideways despite occasional spikes in volatility.
Context and Broader Market Implications
Binance remains one of the largest exchanges for XRP trading, making its inflow data a key metric for gauging market sentiment. The drop in whale deposits could also reflect a shift in strategy among large holders, who may be moving funds to cold storage or decentralized platforms instead of centralized exchanges.
It is worth noting that on-chain metrics are just one piece of the puzzle. Factors such as regulatory developments, macroeconomic trends, and overall crypto market sentiment also play significant roles in determining XRP’s price trajectory.
Conclusion
The decline in XRP whale deposits to Binance is a notable development that suggests reduced selling pressure from large holders. However, with net inflows still positive and no clear signs of new demand, the market has not yet confirmed a bullish reversal. Investors should monitor both supply and demand signals before making any conclusions about XRP’s next move.
FAQs
Q1: What are whale deposits in cryptocurrency? Whale deposits refer to transfers of a cryptocurrency from large holders (whales) to exchange wallets. This is often seen as a precursor to selling, as tokens are moved to exchanges for liquidity.
Q2: Why is a drop in whale deposits considered positive for XRP? A drop in whale deposits suggests that large holders are not preparing to sell, which reduces potential sell pressure on the token’s price. This can be a bullish signal if accompanied by other positive indicators.
Q3: Does the data guarantee a price increase for XRP? No. While reduced whale deposits ease sell pressure, they do not guarantee a price increase. Other factors like demand, market sentiment, and broader economic conditions also influence the price.
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BitcoinWorldHong Kong SFC Flags 65 Fake Websites Impersonating Crypto Exchange HashKey
Hong Kong’s Securities and Futures Commission (SFC) has identified 65 fraudulent websites impersonating the licensed cryptocurrency exchange HashKey, urging investors to remain vigilant against potential scams. The regulator’s alert underscores the growing threat of phishing and impersonation in the digital asset sector, where bad actors exploit the credibility of regulated platforms.
Regulatory Warning and Investor Protection
The SFC’s warning, reported by Cointelegraph, emphasizes that these fake websites have no connection to HashKey, which holds a license to operate in Hong Kong. The regulator cautions that these fraudulent sites could mislead users into believing they are accessing HashKey’s official platform, potentially leading to financial losses or data theft.
This is not the first time the SFC has taken action against impersonation scams. In recent years, the regulator has consistently issued alerts about unlicensed platforms and phishing attempts, reflecting a broader effort to safeguard investors in a rapidly evolving market. The SFC’s swift identification of these websites is part of its ongoing surveillance and enforcement strategy.
Implications for Crypto Investors in Hong Kong
For investors, this warning serves as a critical reminder to verify the authenticity of any platform before engaging in transactions. The SFC maintains a list of licensed entities and warns that any website not on this list should be treated with suspicion. Investors are advised to double-check URLs, look for official communication channels, and avoid clicking on unsolicited links.
HashKey, one of the few licensed exchanges in Hong Kong, has likely taken steps to address these impersonation attempts, but the onus remains on users to exercise caution. The incident also highlights the broader challenge of cybersecurity in the crypto industry, where fake websites and phishing scams are becoming increasingly sophisticated.
Why This Matters
The rise of fake websites impersonating legitimate exchanges is a growing concern for regulators worldwide. As digital asset adoption increases, so does the risk of fraud. The SFC’s proactive approach in identifying and publicizing these fraudulent sites is a positive step, but it also signals the need for enhanced investor education and robust verification practices.
Conclusion
The SFC’s alert about 65 fake websites impersonating HashKey is a stark reminder of the persistent threats in the crypto space. Investors must remain vigilant, verify platform authenticity, and rely on official regulatory sources for guidance. As the regulatory landscape evolves, such warnings are likely to become more frequent, underscoring the importance of due diligence in digital asset transactions.
FAQs
Q1: How can I verify if a crypto exchange is licensed in Hong Kong? You can check the SFC’s official website for a list of licensed entities and their authorized platforms. Always cross-reference the URL and contact details with the official registry.
Q2: What should I do if I suspect I’ve interacted with a fake website? Immediately stop any transactions, change your passwords, and report the incident to the SFC and local authorities. Monitor your accounts for unauthorized activity.
Q3: Are there other common scams in the crypto space? Yes, common scams include phishing emails, fake investment schemes, and impersonation of customer support. Always use official channels and be wary of unsolicited communications.
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BitcoinWorldCZ: Over 20.07 Million Bitcoin Mined, Actual Circulating Supply Likely Lower
Binance founder Changpeng Zhao (CZ) said on X that Bitcoin’s cumulative mined supply has surpassed 20.07 million as of August 2026, reaching 95.6% of its maximum supply of 21 million. Zhao noted that only 4.4% of the total supply remains to be mined, and he estimated that 10% to 20% of existing BTC has been lost or is inaccessible, leaving those tokens permanently unrecoverable. He described Bitcoin as a deflationary asset.
Context and Implications for Bitcoin’s Supply
Bitcoin’s supply schedule is encoded in its protocol, with block rewards halving approximately every four years. The last bitcoin is expected to be mined around the year 2140. As of now, over 95% of all bitcoin that will ever exist has been mined, underscoring the scarcity that underpins its value proposition. CZ’s estimate of lost coins aligns with previous analyses by firms like Chainalysis, which have suggested that a significant portion of mined bitcoin is irretrievably lost due to forgotten private keys, hardware failures, or other mishaps.
If 10-20% of the existing supply is indeed lost, the effective circulating supply would be between 16.06 million and 18.06 million BTC. This would make Bitcoin even scarcer than its nominal supply suggests, potentially influencing long-term price dynamics and investor perception. The concept of a deflationary asset is central to Bitcoin’s design, as its fixed supply contrasts with fiat currencies that can be inflated by central banks.
Market and Industry Reactions
CZ’s comments have sparked discussions among crypto analysts and enthusiasts about the true availability of Bitcoin. Some argue that lost coins reduce the effective supply, increasing scarcity and potentially supporting higher valuations over time. Others caution that lost coins may also represent a drag on liquidity and market depth. The exact number of lost bitcoins is impossible to verify, but estimates have ranged from 2.5 million to 4 million BTC, based on on-chain analysis of dormant wallets.
Why This Matters to Bitcoin Investors
Understanding the true circulating supply is crucial for investors modeling Bitcoin’s future price. If a substantial portion of mined bitcoin is permanently lost, the effective supply is smaller than the headline number, which could make Bitcoin more scarce and potentially more valuable as demand grows. However, the impact is gradual, as lost coins are not actively traded and thus do not directly affect market liquidity.
Conclusion
Changpeng Zhao’s observation that over 20.07 million Bitcoin has been mined, combined with his estimate of lost coins, highlights the finite nature of Bitcoin and its deflationary characteristics. While the exact number of inaccessible coins remains uncertain, the consensus is that a meaningful percentage of the supply is unrecoverable, reinforcing Bitcoin’s narrative as a scarce digital asset. As the remaining supply is mined over the next century, the dynamics of supply and demand will continue to evolve.
FAQs
Q1: How much Bitcoin is left to be mined? Only 4.4% of the total Bitcoin supply remains to be mined, which amounts to about 930,000 BTC. The last bitcoin is expected to be mined around 2140.
Q2: What does ‘lost Bitcoin’ mean? Lost Bitcoin refers to coins that are permanently inaccessible due to forgotten private keys, misplaced wallets, or hardware failures. These coins are effectively removed from the circulating supply.
Q3: Is Bitcoin truly deflationary? Yes, Bitcoin’s protocol caps the total supply at 21 million coins. As coins are lost, the effective supply decreases, making Bitcoin deflationary in nature, unlike fiat currencies that can be printed in unlimited quantities.
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BitcoinWorldEdelman Financial Engines Discloses ~$34M in Spot Bitcoin ETFs; Tudor Investment Boosts IBIT Holdings
Edelman Financial Engines, a major U.S. investment advisory firm, holds approximately $34 million worth of spot Bitcoin exchange-traded funds (ETFs), according to a report from Bitcoin Magazine. The firm’s positions include shares of BlackRock’s iShares Bitcoin Trust (IBIT) and products offered by Grayscale, reflecting continued institutional adoption of digital asset vehicles.
Institutional Holdings Reveal Growing Crypto Exposure
The disclosure, based on recent regulatory filings, places Edelman among a growing list of traditional financial firms that have embraced spot Bitcoin ETFs since their U.S. debut in January 2024. While $34 million represents a modest fraction of Edelman’s total assets under management—which exceed $260 billion—the move signals a cautious but tangible shift toward digital assets within mainstream advisory practices.
Separately, Tudor Investment Corporation, the hedge fund founded by macro investor Paul Tudor Jones, increased its stake in BlackRock’s IBIT. As of the end of June, Tudor held 688,529 shares, valued at approximately $22.9 million, up about 19% from 579,083 shares in the prior quarter. Jones, a long-time Bitcoin advocate, has previously described the cryptocurrency as a hedge against inflation.
Why These Filings Matter
These disclosures arrive via quarterly 13F filings, which detail the U.S.-listed equity holdings of institutional investment managers with over $100 million in assets. While 13F filings are often delayed and may not reflect current positions, they offer a valuable snapshot of how sophisticated investors are navigating the digital asset space.
The data also underscores the growing acceptance of spot Bitcoin ETFs as a regulated, accessible vehicle for gaining exposure to Bitcoin. Since their launch, these products have attracted billions in net inflows, with BlackRock’s IBIT emerging as the largest and most liquid among them.
Implications for the Broader Market
For individual investors, the involvement of firms like Edelman and Tudor adds a layer of credibility to Bitcoin as an institutional-grade asset class. It also suggests that advisors are beginning to allocate client capital to digital assets, albeit in measured increments. However, analysts caution that such positions remain small relative to overall portfolios, and volatility in the crypto market continues to pose risks.
Conclusion
The disclosures from Edelman Financial Engines and Tudor Investment highlight a gradual but steady integration of spot Bitcoin ETFs into traditional investment portfolios. While the dollar amounts are not transformative for the firms involved, they reflect a broader trend of institutional acceptance that could shape the future of digital asset investing.
FAQs
Q1: What are spot Bitcoin ETFs? Spot Bitcoin ETFs are exchange-traded funds that directly hold Bitcoin, allowing investors to gain exposure to the cryptocurrency without owning it directly. They trade on traditional stock exchanges and are regulated by the SEC.
Q2: Why are 13F filings important for tracking institutional crypto investment? 13F filings are quarterly reports that institutional investment managers must submit to the SEC, detailing their U.S.-listed equity holdings. They provide public visibility into how large investors are allocating capital, including positions in Bitcoin ETFs.
Q3: Does the Edelman disclosure mean all clients have crypto exposure? No. The $34 million position is likely part of a broader investment strategy and may not represent a significant allocation for most clients. Edelman Financial Engines offers personalized advice, and not all clients may have direct exposure to these ETFs.
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BitcoinWorldGalaxy Research: CLARITY Act Passage Less Likely This Year, SEC and CFTC Fill the Gap
Galaxy Research, the research arm of Galaxy Digital, has indicated that the likelihood of the U.S. CLARITY Act becoming law this year is diminishing. The assessment comes amid growing legislative uncertainty, prompting the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to accelerate their own regulatory initiatives for digital assets.
Regulatory Shift: Rulemaking Over Legislation
The CLARITY Act, which aims to provide a comprehensive regulatory framework for digital assets, has faced an uphill battle in Congress. Galaxy Research notes that with the bill’s prospects fading, the SEC and CFTC are increasingly relying on existing authorities to craft standards for crypto issuance, trading, and market oversight. This includes formal rulemaking, interpretive guidance, and targeted exemptions.
These administrative steps are seen as a pragmatic response to the immediate regulatory void. However, Galaxy Research cautions that such measures are inherently fragile. A future administration could reverse or alter these rules, leaving the industry without the long-term stability that only congressional action can provide.
Implications for the Crypto Industry
For market participants, the shift toward agency-driven regulation introduces both opportunities and risks. On one hand, clearer rules—even if temporary—can help businesses navigate compliance and reduce legal uncertainty. On the other, the lack of a durable statutory framework may deter institutional investment and hinder innovation, as firms remain wary of sudden policy shifts.
Why This Matters
The outcome of this regulatory tug-of-war will directly impact how digital assets are issued, traded, and overseen in the United States. For investors and companies, understanding the current trajectory is essential for strategic planning. The absence of a congressional mandate means that the crypto market remains vulnerable to political and administrative changes, underscoring the need for proactive risk management.
Conclusion
While the CLARITY Act’s passage appears less likely this year, the SEC and CFTC are moving to fill the regulatory gap through administrative action. Yet, as Galaxy Research emphasizes, these measures are not a substitute for comprehensive legislation. The industry should prepare for continued uncertainty, while monitoring both regulatory developments and legislative progress in the coming months.
FAQs
Q1: What is the CLARITY Act? The CLARITY Act is a proposed U.S. law aimed at establishing a clear regulatory framework for digital assets, defining which tokens are securities or commodities, and assigning oversight responsibilities to the SEC and CFTC.
Q2: Why is its passage uncertain? Legislative timing, competing priorities in Congress, and disagreements over key provisions have slowed progress. Galaxy Research now sees lower odds of passage this year.
Q3: How are the SEC and CFTC responding? Both agencies are accelerating their own rulemaking, interpretive guidance, and exemption processes to address the regulatory gap, though these measures can be reversed by future administrations.
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BitcoinWorldSPYKER C8 PRELIATOR XXV COUPÉ 146 YEARS IN THE MAKING. A NEW ERA BEGINS.
SPYKER UNVEILS THE C8 PRELIATOR XXV COUPÉ, MARKING A NEW ERA FOR THE 146-YEAR-OLD DUTCH MARQUE
AMSTERDAM and CARMEL, Calif., Aug. 14, 2026 /PRNewswire/ – Spyker today unveils the Spyker C8 Preliator XXV Coupé, marking the beginning of a new era for the storied marque. The hand-built flagship hypercar, chassis number 270, pairs an 800-horsepower twin-turbo engine with a true manual gearbox and a handmade aluminum body, continuing Spyker’s coachbuilding tradition as it returns to The Quail during Monterey Car Week.
Far more than the evolution of an existing model, the Spyker C8 Preliator XXV Coupé is an entirely new automobile. Conceived from a clean sheet of paper, it combines uncompromising craftsmanship, aviation-inspired engineering and modern performance while remaining faithful to the design philosophy that has defined Spyker since the beginning: creating automotive art in motion, its designs akin to an aircraft for the road.
That idea is more than a metaphor. Aviation has been part of Spyker’s DNA since the company merged with the Dutch Aircraft Factory in 1914, influencing generations of its design and engineering. That lineage crystallized in 1919 with the Spyker C1 Aerocoque, the car that gave rise to an idea that still defines the company.
Spyker’s story began in the Netherlands in 1880, when brothers Hendrik Jan and Jacobus Spijker founded the company as coachbuilders manufacturing their very first car in 1898. In 1903, the brothers built the world’s first six-cylinder, four-wheel-drive car and showed it in London and Paris. In 1907, a Spyker raced from Peking to Paris, sponsored by Louis Vuitton, and finished second over roughly 15,000 kilometers of unchartered terrain.
These roots have taken a different shape in each generation of Spyker’s modern era, which began with the company’s revival in 2000. The first cars of that era, the Spyker C8 Spyder, C8 Laviolette and C8 Double12, carried aviation-style air intakes, propeller-inspired wheel rims, and an aviation dashboard. The Spyker C8 Aileron, introduced in 2009, moved the design language closer to a fighter jet, with turbine air intakes and turbine wheels. The Spyker C8 Preliator XXV Coupé has NACA ducts as air intakes, pushing the aviation concept further still and carries that evolution to its third generation: where a fin tail has so far been a subtle nod, first appearing on the 2006 Spyker D12 Peking-to-Paris, the Spyker C8 Preliator XXV Coupé brings it back in a bold way, echoing the prominent fin tail of the original 1919 Spyker C1 Aerocoque. The Spyker C8 Preliator XXV Coupé headlights carry the model’s own name: XXV, and its rear lights are shaped like fighter jet afterburners.
An aerospace idea runs through the smaller details as well: an isogrid lattice of interlocking triangles, developed to make rocket structures lighter whilst making them even stronger, appears in the car’s grilles, vents, pedals, exhaust mesh, and seat upholstery, engineering and design speaking the same language throughout. And then there is Spyker’s unmistakable exposed gear linkage, a signature Spyker design element from day one.
The body is hand-built in aluminum, on a spaceframe engineered entirely in-house and completely redesigned for this car, continuing Spyker’s long partnership with the craftsmen of Coventry Prototype Panels in England, where every exterior panel was newly shaped for the Spyker C8 Preliator XXV Coupé.
A Spyker takes roughly 2100 hours to build this way. The steering wheel is stitched with two needles at once, by one craftsman, over four hours. The dashboard in turned aluminum is a nod to the pre-1925 Spykers, milled by a workshop that has finished automotive parts since the same decade Spyker was founded in 1880. Even the screw heads inside the cabin are aligned by hand to face the same direction, a detail no owner will likely ever notice, which is precisely the point. Each chassis number is stamped by hand into the aluminum space frame, so that no two impressions are quite alike. The car on display at The Quail is chassis number 270, the last of 255 Spykers built since 2000. The car is finished in a vivid metallic Quail Green with subtle rose gold flakes, its brightwork finished in rose gold throughout, and its interior trimmed in a rich orange-brown leather the company calls Tuscan Saddle.
In an industry where carbon fiber has become the default, Spyker deliberately continues to work in aluminum. Not as a compromise, but because aluminum can be shaped, worked and polished by hand. It carries the touch of the craftsman and gives every car an individuality that cannot be replicated by an automated production process.
Said Spyker Founder and CEO Victor Muller, “While carbon fiber is rightfully celebrated for its technical virtues, we have always preferred aluminum, a living metal that can be shaped by the hand of an experienced craftsman, polished to perfection, its beauty only deepening with age, like a fine Cabernet. For Spyker, this is what modern ultra-luxury should feel like: rare, personal, and made by human hands.”
At the heart of the C8 Preliator XXV Coupé is a 4.0-liter twin-turbo V8 producing 800 horsepower and 1,000 Nm of torque, with a top speed exceeding 217 mph. But the C8 Preliator XXV Coupé was never conceived around numbers alone. Unlike virtually every contemporary hypercar, it is equipped with a true manual gearbox. There are no shift paddles or automated substitutes. Every gear change remains a direct, mechanical interaction between driver and car. The same philosophy carries through to the cockpit. Digital interfaces are kept to a minimum, with a head-up display as the only screen. Everything else remains deliberately analogue, tactile and designed to be operated rather than watched.
Added Muller, “We deliberately chose a real manual transmission, not an automated imitation. You decide when to shift. You feel every gear change in your hand. And if you make a mistake, well, you bear the consequences. That is what driving a sports car should be, at least according to Spyker.”
Underneath, the fuel tank has been moved from the sills to a trapezoidal space behind the seats and ahead of the engine, a placement long used on Spyker’s Le Mans race cars and now brought to the road. The rear boot has been moved entirely to the front. In its place, the so-called butterfly mode, the entire car opens at the push of a button, as the earliest Spykers did, which means the engine bay itself had to be designed to the same standard as the rest of the car, a detail the company has compared to the movement of a fine Swiss Watch.
That craftsmanship draws on a hundred and forty-six years of company history. The car’s name, in Latin, means “warrior.” The label suits a marque that has lived by the same motto since 1914: Nulla Tenaci Invia Est Via, for the tenacious, no road is impassable.
Production of the C8 Preliator XXV Coupé will be limited to just 25 hand-built hypercars. Each will be individually commissioned, making every C8 Preliator XXV Coupé not simply a collector’s car, but a personal expression of its owner and a piece of Spyker history.
Looking Towards the Future
But the C8 Preliator XXV Coupé is not simply a celebration of Spyker’s past. It is the starting point for what comes next. Its debut marks the beginning of a new era for Spyker following Volodymyr Nosov’s investment and his becoming co-owner of the marque, and a strategic partnership with W Group, a major European fintech group specializing in blockchain technology and digital infrastructure.
The partnership brings together two worlds: 146 years of automotive heritage, craftsmanship and engineering with technological expertise, digital capabilities, and a forward-looking approach to building global businesses.
The ambition is not simply to bring a legendary automotive marque back. It is to build the next era of Spyker. That does not mean changing what makes a Spyker a Spyker. Spyker is not becoming a digital device on wheels. The hypercars will remain analogue.
Instead, technology will strengthen the world around the car. W Group’s technological capabilities and digital infrastructure will support the development of new client experiences, a broader digital ecosystem and new ways for Spyker to engage with owners and collectors around the world.
The principle is simple: preserve what makes Spyker timeless and use technology to build what comes next. The C8 Preliator XXV Coupé is the first expression of that vision. Spyker’s next chapter is expected to include the development of the Spyker D8 Peking-to-Paris SSUV, new digital and client experiences, and ambitions to return to endurance GT3 racing.
“The launch of this new hypercar marks a new era for Spyker. The partnership with Volodymyr Nosov underlines the long-term ambitions of the brand and its shareholders. We are building on everything that has made Spyker distinctive for 146 years while creating the foundation for what comes next. Spyker’s future has never looked brighter, and I am immensely proud of the employees, partners and suppliers who put their faith in us,” said Muller.
Volodymyr Nosov, Co-owner of Spyker and Founder and President of W Group, said, “We are bringing together more than a century of Spyker’s automotive heritage with W Group’s technological expertise, ambition and forward-looking mindset. Our goal was never simply to bring a legendary name back. We want to build the next era of Spyker, preserving everything that makes the marque iconic while opening it to new technologies, new experiences and a new generation of clients. The C8 Preliator XXV Coupé is the first statement of that ambition. And this is only the beginning.”
Following its world debut at The Quail, the C8 Preliator XXV Coupé will appear on the Concept Car Lawn at the Pebble Beach Concours d’Elegance on August 16.
About SpykerFounded in 1880 in the Netherlands, Spyker is one of the world’s oldest ultra-luxury automotive brands, hand-building exclusive hypercars to individual commission. The brand’s rich heritage includes creating the world’s first four-wheel-drive car in 1903, building planes from 1914 to 1918, and participating in Formula One and the 24 Hours of Le Mans. Today, the company produces vehicles exclusively in extremely limited numbers featuring aviation-inspired design elements.
About W Group W Group is a major European fintech group specializing in blockchain technology and digital infrastructure. Its ecosystem is built to make blockchain and digital assets secure, accessible and easy to use, serving more than 40 million users across 150 countries worldwide. At the heart of W Group is WhiteBIT, the largest European cryptocurrency exchange by traffic.
Contact:Suzanne Wellington Shamin Abas Associatessuzanne@shaminabas.com +1 (404) 543-3623. For a high-resolution image, click here.
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SOURCE Spyker
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