BeInCrypto Global

The US Senate is preparing for a possible September vote on the CLARITY Act, even as lawmakers remain short of the support needed to move the crypto market structure bill forward.
Senate Majority Leader John Thune still intends to file cloture on the motion to proceed before lawmakers leave for the August recess, according to journalist Eleanor Terrett, citing multiple sources.
The move would put the CLARITY Act in position for a procedural vote when the Senate returns in September. It would also signal that Republican leadership plans to prioritize the bill despite unresolved disagreements.
However, the votes are not there yet.
60 Votes are Still Not There for CLARITY
The Senate would likely need 60 votes to move the legislation forward. Republicans do not have enough support on their own, while several GOP senators have also raised concerns about parts of the bill.
One of the biggest disputes is over stablecoin rewards.
Banks have stepped up lobbying against rules that would allow crypto companies to offer rewards linked to stablecoin use. They argue these products could draw deposits away from traditional banks.
Crypto companies, including Coinbase, have pushed back against tighter restrictions.
The issue has become increasingly important in recent days. It could make it harder for Republican leaders to keep their own members together while also attracting enough Democratic votes.
Another major obstacle is ethics.
JUST IN: Thune’s office is telling crypto leaders that it is still filing cloture on the CLARITY Act before the August recess, according to @EleanorTerrett.That sets up a September vote.But the bigger question is whether negotiators can secure the necessary votes and resolve… https://t.co/xmAJD7mwO5 pic.twitter.com/u2xJzJI9Ry
— BeInCrypto (@beincrypto) August 7, 2026
Ethics Remain the Chokepoint
Democrats have demanded stronger rules around elected officials benefiting financially from crypto businesses. The issue has become particularly sensitive because of President Donald Trump’s extensive crypto interests.
In a recent podcast with BeInCrypto, Satoshi Action Fund co-founder Dennis Porter said these disagreements have left the bill facing an increasingly difficult path through the Senate.
Porter also pointed to uncertainty among Republican senators, saying lawmakers including Rand Paul, Thom Tillis, Josh Hawley, James Lankford and Bill Cassidy were not guaranteed votes for the bill. That could force Republicans to find considerably more Democratic support.
Crypto Markets Expect CLARITY Act to Fail
On prediction market Polymarket, the odds of the CLARITY Act becoming law in 2026 have dropped to around 16%.
CLARITY Act Passage Odds on Polymarket
That pessimism could also change how crypto markets react if the bill fails.
“I think failure is priced in right now,” Porter told BeInCrypto. He argued that a failed vote may therefore have less impact on crypto prices than many investors expect.
However, passage could produce a different reaction.
Porter said clear rules written into law could give larger investors more confidence to make long-term crypto investments. He cautioned that any effect would likely develop over time rather than trigger an immediate Bitcoin rally.
For now, September is shaping up as the next major test. Senate leaders appear willing to force a vote, but negotiators have several weeks to find support that currently does not exist.

Canada added 75,000 jobs in July, about five times forecasts, while the US economy shed 23,000. The split hands the Canada crypto industry a stronger home market than American firms have seen all summer.
Statistics Canada put unemployment at 6.4% on Friday, a two-year low. US payrolls, meanwhile, missed forecasts by more than 100,000 positions after steep revisions.
A Five Times Beat Meets a US Contraction
Economists expected Canada to add about 15,000 jobs. It added 75,000. The gains split almost evenly between full-time and part-time work, according to the labour force survey.
Chart comparing Canada and US July employment change, Source: BeInCrypto
Ontario did the heavy lifting with 52,000 new positions. Finance, insurance, and real estate added 18,000 jobs. Professional, scientific, and technical services added 17,000 more. Those two sectors matter here. They are where digital asset firms hire.
Canada has now added 181,000 jobs since April. That makes three straight months of gains.
“Three straight months moving in the right direction is exactly how turning points begin. And if the breadth we saw in July holds into the fall, stabilization could quietly become the momentum Canada has been waiting for,” Laura Ulrich, director of economic research at recruitment firm Indeed, said in a statement.
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The American report read like a different economy. The Bureau of Labor Statistics reported a 23,000 payroll decline. Economists had expected gains of 80,000 to 90,000. Worse, revisions erased another 103,000 jobs from May and June. US hiring has averaged just 34,000 a month over the past year.
BREAKING: Canada's job market just beat expectations by 5x.Canada added 75,100 jobs in July against expectations of 16,500.Unemployment fell to 6.4%, its lowest in two years and the third straight month of improvement.The US lost 23,000 jobs in the same month, against… pic.twitter.com/bK3BIPvg7Q
— Bull Theory (@BullTheoryio) August 7, 2026
One caveat keeps the contrast honest. America’s 4.1% unemployment rate still sits well below Canada’s 6.4%. However, the US rate held flat while jobs vanished. Canada’s fell while hiring boomed. Direction, not level, is the story.
Central Bank Paths Split as Bitcoin Holds $65,000
The divergence pulls the two central banks apart. Royce Mendes, managing director at Desjardins, said a Bank of Canada rate hike remains unlikely before 2027. BMO chief economist Douglas Porter flagged the reason. Wage growth cooled to 2.8%, the slowest in four years.
Strong hiring without wage pressure gives the Bank of Canada room to wait. The Federal Reserve has the opposite problem. A shrinking payroll makes further tightening hard to defend.
Within hours, the miss sent Fed expectations spinning as traders repriced US rates. Crypto markets, which rallied after June’s report, once again read weak US data as a liquidity signal.
Bitcoin (BTC) traded near $65,000 on Friday, up 0.8% over 24 hours, according to BeInCrypto Markets data. Its market capitalization stood at roughly $1.31 trillion.
Bitcoin Price Performance. Source: BeInCrypto Can the Canada Crypto Industry Capitalize?
Canada has moved first before. The Toronto Stock Exchange listed the world’s first spot Bitcoin exchange-traded fund (ETF) in February 2021. That fund, the Purpose Bitcoin ETF, today holds about 18,500 BTC worth $1.7 billion CAD. US regulators needed almost three more years to approve rival spot products.
The rulebook is growing too. The Stablecoin Act, passed through Budget 2025’s Bill C-15, puts fiat-backed stablecoin issuers under Bank of Canada oversight. Issuers must hold one-to-one reserves and redeem at par. The rules should take force in 2027.
Major players are already positioning for that date. Coinbase Canada CEO Eric Richmond said in July the firm wants to build an “everything exchange” for Canadians. The plan spans crypto, stocks, and prediction markets. He tied the full rollout to those same stablecoin rules.
BREAKING:Coinbase just told Canada what it actually wants to build.Not a crypto exchange. An "Everything Exchange."Derivatives. Tokenized stocks. DeFi. Stablecoins. All in one app."We want to have all your financial services in one place. 24/7, seamless, frictionless."… pic.twitter.com/lcQIZcRaMK
— Crypto Tice (@CryptoTice_) July 30, 2026
Nevertheless, the headwinds are real. British Columbia permanently banned new grid connections for crypto mining in October 2025. The province is steering its clean power toward AI and industry instead.
US venues still command far deeper liquidity. And CIBC senior economist Andrew Grantham noted Canadian unemployment sits about half a point above full employment.
The next tests come fast. Draft stablecoin rules are due in the Canada Gazette. August payrolls land on both sides of the border within a month. Together, they will show whether July’s divergence was a trend or a blip.

Trump Media and Technology Group has reportedly terminated its planned Cronos (CRO) treasury venture with Crypto.com and Yorkville Acquisition Corp. The companies also abandoned a related services agreement and a set of digital asset products.
Interim CEO Kevin McGurn told Axios on Friday that the crypto deals ended because the treasury sector became saturated. Trump Media will instead concentrate on Truth Social, data licensing, and its pending merger with fusion energy company TAE.
Why the Trump Media Crypto Deals Collapsed
The venture, announced last year, would have licensed the Trump Media brand. The resulting company was built around Crypto.com’s Cronos blockchain and its CRO token. At launch, the partners billed it as the first and largest publicly traded CRO treasury firm.
Yorkville Acquisition Corp, a blank-check vehicle created to take the venture public, agreed to the termination as well. However, Yorkville America’s America First ETFs, branded as Truth Social Funds, will keep operating.
The retreat also follows a bruising start to the year, when crypto markdowns drove a $406 million quarterly loss. McGurn said saturation among treasury companies, rather than regulatory pressure, drove the decision.
“We wanted to get focused,” Axios reported, citing McGurn.
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He added that staking CRO has become less central for Crypto.com, making a split logical for both sides. Meanwhile, CRO traded near $0.0513 on Friday, down 0.4% over 24 hours, according to BeInCrypto Markets data.
Cronos (CRO) Price Performance. Source: BeInCrypto
The token holds a market capitalization of roughly $2.4 billion, ranking 38th overall.
Prediction Markets Give Way to Data Licensing
Separately, the companies scaled back plans to embed betting features inside Truth Social. Trump Media had unveiled Truth Predict prediction markets, powered by Crypto.com Derivatives North America, last October.
The partners will now pursue a marketing arrangement that promotes Crypto.com’s prediction products to Truth Social users. McGurn argued that established operators already crowd that space, so running back-end infrastructure offered little return. He sees Trump Media as a distribution and data partner instead of a market operator.
That data push is already visible. The company’s Truth Social API business, an application programming interface (API) that sells platform data, now serves about 10 customers, up from roughly five. Most are high-frequency trading firms that feed the data into algorithmic strategies. McGurn said the firm is also courting large language model developers and prediction market platforms.
McGurn expects the TAE merger to close before year-end. Whether a slimmer Trump Media can turn Truth Social’s audience and data into durable revenue may become clearer once that deal lands.

Senate Majority Leader John Thune reportedly still plans to file Clarity Act cloture before lawmakers leave for the August recess, Eleanor Terrett reports. The move would lock in a September vote on the crypto bill.
The Clarity Act, formally the Digital Asset Market Clarity Act, would set clear rules for how the US regulates digital assets. It needs 60 Senate votes, and those votes are not there yet.
Why the Clarity Act Cloture Filing Matters
Cloture is a procedural step that starts the countdown to a floor vote. Filing it now would queue the bill for action soon after the Senate returns on September 11.
Thune’s office delivered the message to crypto industry leaders on Friday, according to Eleanor Terrett, host of Crypto America podcast. Industry figures read it as a sign the bill sits at the top of the September agenda.
🚨NEW: Leader Thune’s office is telling crypto industry leaders today that the majority leader still intends to file cloture on the motion to proceed to the Clarity Act before lawmakers leave for August recess, per multiple sources.The move would tee up a vote on the Clarity…
— Eleanor Terrett (@EleanorTerrett) August 7, 2026
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The timing is tight. The Senate’s recess begins on August 10, leaving only days to file. A vote before the break is already off the table after Senate Democrats refused to fast-track the bill.
“The Dems insisted on no Clarity vote. We’re getting that queued up first thing [when] we come back in September,” Politico reported, citing Thune.
Big hurdles remain. Republicans need roughly seven Democratic votes, and fights over stablecoin yield and ethics rules are unresolved. Banks’ lobbying against stablecoin yield has won over several Republicans. Polymarket puts the odds of passage this year near 15%.
Why Bitcoin Could Move Fast This Weekend
Bitcoin (BTC) traded near $65,000 on Friday, up 0.3% over the past day.
Bitcoin Price Performance. Source: BeInCrypto
The filing window is short. It runs from Friday night through Monday morning, when the Senate’s recess formally begins. A quiet weekend of private talks remains the most likely outcome.
Still, crypto markets never close. A surprise filing, a late deal on yield or ethics, or a White House comment could move Bitcoin fast. Weekend trading is often thinner, so prices can swing harder.
The next test comes in September, when Thune must turn a procedural promise into 60 actual votes.

Your next phone costs more, a hospital scanner is competing for the same parts, and an AI server is outbidding both. All three run on the same memory chips, and one company sells to each of them.
That company is Micron Technology (MU), and the reason the three now fight over one chip is an AI memory shortage that has quietly rewired the market.
Why One Wafer Now Has Three Buyers
Start with the AI server. A single one uses 10 to 20 times as much memory as an ordinary computer. As data centers scale, they now absorb most memory made in the world, about 70% of output.
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Here is the part that ties the three devices together. The high-bandwidth memory AI needs come off the same production lines as the ordinary DRAM inside a phone or a scanner. Chipmakers cannot run both at full speed at once.
The Memory Price Shock: BeInCrypto
Worse, one high-bandwidth wafer uses up the capacity of two or more standard ones. So every AI server that gets built removes memory that would otherwise reach other devices.
Data centers are set to consume ~70% of all memory chips produced in 2026, mostly driven by AI demand for high-bandwidth memory (HBM) and server DRAM.This leaves far less supply for PCs, laptops, phones, and other consumer devices.The current DRAM shortage is expected to… pic.twitter.com/mkQSbqPfLk
— Pirat_Nation 🔴 (@Pirat_Nation) January 19, 2026
That is why supply for everyone else keeps shrinking while prices keep climbing. The same shortage that feeds a data center raises your phone’s price and pushes a hospital’s scanner into a queue.
Your Phone Is Paying for the AI Boom
Phones use the same memory families as data centers, so they felt it first. The average smartphone price is heading to a record smartphone price of about $523 in 2026, up 14%, according to IDC.
Makers are protecting margins by cutting corners you can see. Some are trimming camera modules and displays, and a few base models have reverted to 4GB of memory, a level not normal since 2020.
Smartphone price hike roundup: list of phones that cost more now, revised prices, and whySmartphone prices are rising across brands due to a critical memory shortage, as manufacturers prioritize AI data centers.Key Insights:• Memory costs surged 90-120% since late 2025, now…
— 91mobiles (@91mobiles) April 27, 2026
In other words, your phone is getting more expensive and a little worse, and an AI data center is the reason.
The Hospital Scanner Cannot Just Wait
Medical imaging, robotics, and monitoring machines draw on the same DRAM and NAND, and Micron supplies memory into medical imaging systems through its embedded business.
This is the cruelest leg. A phone buyer can delay an upgrade, but a hospital replacing a scanner cannot swap the memory inside it, because medical parts carry multi-year qualification cycles.
An acute global shortage of memory chips is forcing AI and consumer-electronics companies to fight for dwindling supplies, as prices soar for the vital components that allow devices to store data https://t.co/dinHAWqxFv
— Reuters (@Reuters) December 3, 2025
So these buyers bid against hyperscalers with almost no leverage. Their volumes are tiny compared to a cloud order, which means they either pay a higher price or wait.
The AI Server Outbids Everyone
At the top of the queue sits the AI server, because high-bandwidth memory is the most profitable use of every wafer. Micron is one of only three suppliers worldwide and holds about 25% of the DRAM market, according to Counterpoint Research.
Its sold-out HBM supply shows how binding the constraint is, and the company has signed an Anthropic AI deal to tune memory for its models.
Memory shortages to persist through 2026 as AI server demand surgesGlobal memory markets are expected to remain tight through 2026 as aggressive spending by cloud service providers (CSPs) on AI infrastructure continues to outstrip supply growth for both DRAM and NAND flash,… pic.twitter.com/aQ4tbr7pOc
— Jukan (@jukan05) January 2, 2026
Three buyers, one shrinking pool of wafers. The supplier that sells into all three collects the pricing power, no matter who outbids whom.
The Stock That Collects
That is the case for Micron stock. It carries a Strong Buy consensus, with 28 of the 29 analysts covering it rating it Buy. The consensus target of about $1,569 sits roughly 75% above the current price of $893.
Micron Stock Analyst Figures: TipRanks
Wall Street’s repricing has been violent. Targets ran from $190 last September to a high of $2,200 by June, and recent calls from TD Cowen and KeyBanc still point toward $1,600.
Wall Street’s Micron Stock Repricing: BeInCrypto
The valuation is the part that stands out. Even after a 718% year, Micron trades at about five times forward earnings, because profits have grown faster than the share price.
How Far Micron Has Run: BeInCrypto
Smart money leans the same way. In Nansen’s tracking of Hyperliquid perpetual traders, Micron holds the largest net-long position among chip names, with a position near $7.7 million spread across 39 wallets.
Smart-Money Perps Positioning: Charlie Quant Lab
TSMC shows a higher long-to-short ratio, yet its net-long dollars are a tiny fraction of Micron’s.
Why the Micron Stock Pullback Is Not the Story
Micron did slip about 5% before Thursday’s open after peer SanDisk gave soft guidance. Additionally, the entire memory group sold out of sympathy. Yet the flow read on the drop is “rally distribution,” which is profit-taking after a huge run rather than a top forming.
Micron Price Action: Yahoo Finance
The context matters here. The stock is still up 213% this year. It sits only about 26% below its June high, so this looks like a breather, not a break.
Micron Stock Chip-Flow Read: BeInCrypto
The real risk is that the market decides memory is priced at its peak, a worry behind the latest fears of a memory glut. Multiple analysts trimmed peer targets within hours of SanDisk’s report.
Analysts turned more cautious on SanDisk $SNDK after its June-quarter report, with most firms cutting price targets despite generally positive views on long-term demand.The main concern was the September-quarter outlook. Analysts highlighted moderating NAND pricing, weaker… pic.twitter.com/YcZDrNXsBC
— TipRanks (@TipRanks) August 6, 2026
Still, a chip fabrication plant, or fab, takes years to build. SK Hynix has warned the shortage could last beyond 2030.
As long as it lasts, the phone, the scanner, and the AI server keep fighting over the same chips, and Micron keeps selling to all three. That is why one weak forecast from a rival does not change the bullish MU story. The real test is Micron’s own report on September 29.

Firmus, an Nvidia-backed artificial intelligence (AI) infrastructure firm, raised $2 billion in a fully subscribed equity round, lifting its valuation above $10.5 billion. The round closed as NVIDIA (NVDA) shares traded within about $13 of their all-time high.
The raise is the latest in a string of multibillion-dollar commitments tied to Nvidia’s ecosystem. For NVDA bulls, it signals that heavy AI spending remains intact ahead of the August 26 earnings report.
Nvidia (NVDA) Stock Performance. Source: TradingView Nvidia Doubles Down on Firmus’ AI Infrastructure Buildout
Nvidia and Coatue Management returned as follow-on investors in the round. Blackstone-managed funds and trading firm Jane Street joined for the first time, Firmus said in a statement.
Former Bitcoin Miner Firmus Raises $2 Billion as Nvidia Backs Its AI Infrastructure PivotReuters reported that Firmus, an AI infrastructure company that previously operated as a Bitcoin miner, has raised $2 billion in equity funding at a post-money valuation of more than $10.5… pic.twitter.com/qMB7hK0zaD
— Wu Blockchain (@WuBlockchain) August 7, 2026
The deal follows the SpaceX satellite computing deal announced earlier this week and a June agreement for Firmus to buy Nvidia infrastructure and resell Nvidia-powered cloud services. Each new commitment feeds the same demand story that supports the stock.
The Australian company will use the proceeds to accelerate Project Southgate, its rollout of AI training and inference factories across Australia. The capital also funds expansion into Asia-Pacific markets, including a recently announced development in Indonesia.
Firmus began as a supplier of cooling technology for Bitcoin mining before pivoting to data centers built on Nvidia’s DSX reference architecture. The firm has raised over $3 billion in equity in the past year, nearly doubling its $5.5 billion April valuation.
Emanuel Ajay Datt, managing director of investment manager Datt Group, told Reuters the raise reflects how scarce such opportunities have become.
“The pace at which Firmus has re-rated demonstrates how private capital views AI infrastructure as one of the few capital-scarce opportunities in global markets right now.”
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NVDA Stock Nears Record High as Wall Street Stays Bullish
NVDA changed hands at $223.67 in midday trading on Friday, up 2.14% from the prior close of $218.99, per Yahoo Finance data. The stock sits about $13 below its record $236.54, set on May 14.
NVDA Stock Performance. Source: Yahoo Finance
Wall Street remains firmly behind the trade. Among the 37 analysts covering NVIDIA, 36 rate the stock a Buy, with one Hold and no Sells.
Their average 12-month target of $308.69 implies roughly 38.77% upside from current levels. Forecasts range from $250 to $500, while Bernstein and Wells Fargo each hold $315 targets.
NVDA analyst price targets and Strong Buy consensus. Alt: NVIDIA analyst forecasts point to AI infrastructure upside. Source: TipRanks
However, skeptics still question the demand behind the spending wave. Michael Burry has warned of a 1987-style crash and argues Nvidia helps finance the customers buying its chips.
One financing round will not settle that argument, which feeds a wider AI bubble debate. It does show multibillion-dollar checks for Nvidia-aligned projects keep arriving, three weeks before earnings test the demand behind them.

SpaceX stock traded near $128 on Friday, up more than 11%. The rally came one day after the first insider lockup expiration made 911.5 million shares eligible for sale.
The wave of insider selling many investors feared has not appeared so far. An analyst upgrade and aggressive call buying now have traders asking how far the rebound can run.
SpaceX Stock (SPCX) Stock Performance. Source: Yahoo Finance Why SpaceX Stock Rallied Through the Lockup Expiry
Lockup agreements bar insiders and early investors from selling their shares for a set period after a listing. Rather than one 180-day cliff, SpaceX staggered its restrictions across nine tranches, the first tied to its debut earnings report.
Thursday’s expiration was the first and largest of those windows. It lifted SpaceX’s tradable float from 4.9% to 11.8% of shares outstanding, freeing stock worth roughly $100 billion.
HUGE: @SpaceX's first lockup expires today, freeing up to 911.5 million shares held by employees and early investors.That’s over three times today’s public float and comes two days after an earnings report that pushed the stock lower.More tranches follow through December. pic.twitter.com/iv48c5uSjJ
— Tokens on Solana (@tokens) August 6, 2026
Sellers had plenty of warning. SPCX had slid from its June record of $225.61 to lows near $105 this week. Its debut earnings and the approaching unlock drove the decline. Elon Musk even called the dip an opportunity before the $104 billion share unlock arrived.
That drawdown may have done the selling in advance. Morningstar analyst Nicolas Owens told Yahoo Finance that discounting was already visible in the price.
“A good deal of the recent slump…is precisely in anticipation of the dilution.”
Shares recovered 4% Thursday as the unlock took effect, then accelerated on Friday. Argus analyst Steven Silver upgraded SPCX from Hold to Buy with a $160 target. He cited early payback on the company’s heavy AI infrastructure spending.
The upgrade landed days after SpaceX’s first earnings beat, which showed revenue of $7.8 billion, up 92% year-over-year.
Wall Street remains split on what comes next. Morgan Stanley’s Adam Jonas framed the expiration as a buying opportunity, describing SpaceX as a potential generational compounder. In contrast, Bank of America’s Ron Epstein warned the added supply would likely weigh on shares near term.
How High Could SpaceX Stock Go in August?
Friday’s tape showed the reversal in full. SPCX dipped to $114.56 in early trading before buyers stepped in, pushing volume beyond 107 million shares by the afternoon.
Options positioning into the day’s expiration leans firmly bullish. OptionCharts.io data shows 1,031,939 open call contracts against 454,896 puts, a put-call ratio of 0.44.
One position stands out. Traders hold 563,419 call contracts at the $330 strike, more than half of all call open interest for this expiry. The block traces back to a $20 million options trade that pays only if SPCX nearly triples. Those contracts will likely expire worthless at the close.
The bullish tilt extends well beyond today. Across the August 14, 21, and 28 expiries, call open interest stacks up between $130 and $160, with the heaviest blocks near $150 and $160. Speculative calls reach as far as $200, $250, and even $450, while put interest thins out above $130.
SPCX open interest by strike across the August 14, 21, and 28 expiries, showing calls clustered between $130 and $160, Source: OptionCharts.io
Short sellers add another layer of fuel. Roughly 219.3 million SPCX shares were sold short as of July 29, worth $24.6 billion. That equals about 34% of the float, so a sustained move higher could force shorts to cover.
The chart below offers cleaner targets. SPCX has broken above the descending channel that defined its slide since mid-June, with the next resistance at $137.69. Beyond that sits the 61.8% Fibonacci retracement near $151, roughly where the stock began trading at its debut.
Clearing $165.23, the halfway mark of the entire decline, would put the $225.61 record back in view. Still, the relative strength index (RSI) reads 68.37, just below overbought territory, suggesting the bounce could pause before extending.
SPCX 1-hour chart with Fibonacci retracement levels at $137.69, $150.98, $165.23, and the $225.61 all-time high. Source: TradingView
However, a daily candlestick close below the immediate support at $126.88 could delay the upside, at least for the short term, with the stock risking a retest of the $108.09 low printed before the unlock.
Supply risk has not disappeared. Up to 40% of the company could become tradable by December 8, Musk’s own stake stays restricted until mid-2027. Whether new demand keeps absorbing those shares will decide if $160, or anything beyond it, stays within reach.

A Trezor phishing scam promoted through a Google-sponsored ad has reportedly drained one user’s life savings, the victim says. Elsewhere, BTCPay Server shipped an emergency patch for a critical flaw already under active exploitation.
The two incidents landed within roughly 24 hours of each other. Neither touched the Bitcoin (BTC) protocol itself, yet both put user funds at direct risk.
Google Ad Funnels Victims to Trezor Phishing Site
The victim, posting on X (Twitter) under the name David, blamed a sponsored search ad on Thursday. Based on the report, the ad placed a counterfeit Trezor page, hosted on Google Sites, above the wallet maker’s real website.
Anyone who typed a recovery seed into the page handed attackers full control of their wallet.
Hey @Trezor, just lost my life savings. Top sponsored Google result for 'Trezor wallet' is a phishing site!The scam page (https://t.co/z5s9HaJIu2) is vacuuming up millions. Harvesting address is currently sitting at:bc1qrz33mr7tx8wrpcs2pxrvv83hqwpm907s9shkz4 @zachxbt @CertiK
— David (@ReallyBadDay99) August 6, 2026
On-chain data shows the wallet flagged in the report received 24.04 BTC across 80 transactions. That haul equals roughly $1.6 million at Bitcoin’s current price near $65,172. However, nearly all of it has moved on, leaving about 0.04 BTC behind.
Trezor said it escalated the case internally and reported the page for takedown.
“For everyone reading: always verify that you’re using the official Trezor website and never enter your wallet backup into a website or form,” the team urged.
The hardware itself was never breached. The attack worked because the seed left the device. The playbook echoes a fake Uniswap phishing site that drained $400,000 from wallets in May.
BTCPay Server Rushes Out Patch for Exploited Flaw
Meanwhile, BTCPay Server, open-source software that lets merchants accept bitcoin payments directly, issued its own warning on Friday.
There is a critical vulnerability being actively exploited on BTCPay Server, which can result in the loss of funds.Please update your BTCPayServer to 2.4.2 by going to Admin Dashboard -> Server -> Maintenance -> Update & verify the 2.4.2 version string in the footer.If you…
— BTCPay Server (@BtcpayServer) August 7, 2026
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The team told operators to update to version 2.4.2 immediately or power servers down until they can.
“This release contains fix of a critical vulnerability that is being actively exploited. You need to update as fast as you can,” the project’s release notes state.
The Bitcoin Red Team, a volunteer security research group, reported the flaw to developers.
However, patching alone does not end the cleanup. Operators must also refresh macaroons, the access credentials Lightning nodes rely on, plus auth strings for other backends.
Anyone who generated a hot wallet inside BTCPay should move those funds and recreate it. Integrators should also update NBXplorer, a companion indexing tool, to version 2.6.10.
Why Both Incidents Matter for Bitcoin Self-Custody
One attack exploited trust in search ads. In contrast, the other exploited code running on merchant servers. Both sidestepped Bitcoin’s security model and hit the software and habits around it instead.
Phishing remains the costliest threat in crypto. January’s crypto theft losses reached about $400.3 million, and one phishing attack drove over 70% of that figure.
Google has yet to explain how the fraudulent ad cleared review. How fast the page comes down, and how many BTCPay operators patch in time, will shape the damage.

Despite all its progress, crypto still has a big learning curve. And trading complexities and fear are often the first reasons why many still don’t want to commit to this space. ChangeNOW is one of the many exchanges trying to solve this through simplicity.
A crypto swap on ChangeNOW starts with a familiar promise: choose what you are sending, paste a wallet address, and wait for another asset to arrive. There is no order book to learn and, for many crypto-to-crypto swaps, no account to open.
That stripped-down flow is the product’s strongest argument. It makes moving between blockchains feel closer to a transfer than a trade.
However, simplicity has limits. ChangeNOW folds its fee into the quote, relies on outside companies for fiat payments, and can request identity checks after a user has sent funds.
ChangeNOW works best when convenience and pair coverage matter more than seeing every component of the price. Large, fee-sensitive swaps and users who want predictable verification rules deserve a closer look at the terms before sending anything.
The Short Verdict
Best forDirect wallet-to-wallet swaps and less common cross-chain routesMain strengthsSimple flow, broad asset coverage, fixed or floating quotes, permanent exchange addressesMain drawbacksEmbedded rather than itemised pricing, regional limits, recovery feesAccountUsually unnecessary for standard swaps in permitted regions; required for Pro and some usersOperatorCHN Group LLC, registered in Saint Vincent and the GrenadinesBottom lineA convenient swap router whose least visible details matter most when a transaction stalls
Key Takeaways
ChangeNOW advertises access to more than 1,500 assets across 110+ blockchains, although availability changes by pair, network and region.
Its price is easy to see as a final receiving amount, while the service does not break out a standalone swap fee. Comparing live quotes is essential.
Standard swaps usually require no account, but compliance checks can still pause a transaction, making regional eligibility and refund terms worth reviewing before sending funds.
The Swap Screen Gets to the Point
ChangeNOW’s crypto super app has operated since 2017. The company says it has served eight million clients and now connects more than 1,500 crypto assets across over 110 blockchains. That reach is the practical reason to use it: a route that would otherwise require a bridge, a centralised exchange, or several wallet steps may appear in one interface.
The standard flow is straightforward. A user selects the two assets, enters a receiving wallet address, and sends funds to the deposit address generated for the transaction. ChangeNOW then sources the conversion and pays the new asset to the destination wallet.
The service describes this as non-custodial because users do not leave an ongoing account balance on the platform. That distinction matters, though it should not be stretched too far. ChangeNOW still handles the deposited funds while the swap is being executed, and its terms allow it to hold them during a compliance review.
Self-custody also leaves less room for error. The asset, network, destination address, and any required memo must match.
Reminder: Always check the link, it's https://t.co/Dqh15G5R2q, everything else is a fake! Keep yourself safe and bookmark the services you use https://t.co/Ksfo8qFq1k
— ChangeNOW (@ChangeNOW_io) July 29, 2026
Pricing is Simple to Read and Hard to Audit
ChangeNOW offers floating and fixed rates. A floating quote follows the market while the swap is processed, so the final payout can move. A fixed quote reserves enough room to protect the displayed receiving amount, although that certainty can produce a less favourable rate.
The service includes its remuneration and the relevant routing costs inside the quoted rate. That keeps the confirmation screen clean, but it prevents users from separating the platform’s margin from liquidity-provider charges and network fees.
For a user, the useful number is the amount expected in the destination wallet. Compare that figure across providers at the same moment, using the same amount and network. A percentage advertised elsewhere may look cheaper while producing a worse final payout.
ChangeNOW says its average exchange takes about one to two minutes and that 98% of swaps beat the estimate or finish within a 0.5% deviation. Those are company figures rather than independently audited performance data.
Its own FAQ gives a wider normal range of five to 30 minutes, and blockchain congestion can push a transaction beyond it.
The Accountless Promise Has a Catch
Many users can start a crypto swap without the lengthy onboarding, where every transaction still passes through automated risk screening. ChangeNOW can request an identity document and proof of funds when a transfer is flagged, when local rules require it, or when a fiat partner asks for it.
Under the current terms, if a transfer gets flagged, it stays paused until identity checks are complete. If a user chooses not to verify, a 3-day refund window is opened. However, suspicious activity may cause payout delays.
Geography changes the experience as well. The terms prohibit standard access for UK users. US users can use the service only after creating an account under separate terms. Availability may differ elsewhere, so the eligibility check belongs before the deposit, not after it.
ChangeNOW is operated by CHN Group LLC, which is registered in Saint Vincent and the Grenadines. The company’s own AML document says the country’s Financial Intelligence Unit does not supervise companies that provide cryptocurrency services. Users seeking the protections of a locally licensed exchange should treat that as a material distinction.
Fiat Access Adds Convenience
ChangeNOW connects card and bank payments through providers such as Transak, Simplex, Banxa, and Guardarian. Its wider platform advertises support for more than 70 fiat currencies, with methods that can include Visa, Mastercard, Apple Pay, Google Pay, SEPA, Pix, ACH, and Revolut.
The list looks broad, but the actual offer depends on the country, currency, payment method, and asset. The third-party provider sets its own KYC checks, limits, fees, and processing rules.
This setup gives newcomers a familiar way to buy crypto. It also divides responsibility across more than one service when a payment is delayed or rejected.
Permanent Addresses Solve a Real Repeat-Use Problem
The permanent exchange address is one of ChangeNOW’s more practical features. A user chooses a pair and destination once, then reuses the same deposit address for future conversions. That can simplify mining payouts, recurring transfers, or regular treasury movements.
Feature Updates in 2026
ChangeNOW expanded its product range during 2026 with several additions covering market research, tokenized assets, private transfers and more advanced trading. These features extend the platform beyond instant crypto swaps while remaining accessible from the same interface.
Price Predictions
ChangeNow has recently integrated prediction markets, which means users can directly access major platforms like Polymarket through the exchange. This adds an extra layer of convenience as users can access different trading functions directly from their ChangeNOW wallets.
Real-World Assets
The Real-World Assets section focuses on tokenized versions of traditional financial assets, including gold, government bonds, real estate and other asset classes. Users can explore this category in one place and exchange supported RWA tokens alongside more established cryptocurrencies.
Private Transfers
Private Transfers route transactions through ChangeNOW before funds reach the destination wallet. This reduces the visible connection between the sender and recipient on public blockchains and gives users additional transaction privacy. The company describes the feature as a privacy tool rather than a guarantee of anonymity.
Crypto Trading
The Crypto Trading section expands the platform beyond instant swaps with additional trading tools. Users can access features such as limit orders, transaction history, portfolio tracking and cashback through ChangeNOW Pro, giving active traders access to more functionality within the same ecosystem.
ChangeNOW Pro Changes the Risk Model
A free Pro account adds transaction history, cashback, staking access, one monthly AML address check, and crypto loans. Paid plans lift some limits and add more screening tools.
PlanMonthly priceCashbackAML address checksVIP$00.1%1Emerald$150.1%40 per monthBrilliant$1000.2%Unlimited
The paid subscriptions are charged in NOW tokens at the current dollar-equivalent price and renew monthly. Cashback also arrives in NOW. That token exposure is small for some users and relevant for others, especially when calculating whether a plan pays for itself. The full plan details sit on the ChangeNOW Pro page.
Pro’s reduced-cost off-chain conversions require users to fund an account balance. That is a different arrangement from the standard no-balance swap flow. The convenience improves, while the user accepts custody and account risk that the basic product was designed to avoid.
NOWLoans currently advertises a fixed 50% loan-to-value ratio and 10% annual interest, paid when the loan closes. The open-ended term may look flexible, but the user still gives up control of collateral and takes liquidation and counterparty risk. The feature deserves the same scrutiny as any other crypto-backed loan.
Support Scores Well, but Edge Cases Define the Experience
ChangeNOW offers round-the-clock support. As of July 24, 2026, its Trustpilot page showed a 4.6 rating from 13,555 reviews. Eighty-seven percent were five-star reviews and 6% were one-star reviews. Trustpilot also said the company replied to all negative reviews and typically responded within 24 hours.
ChangeNOW Review on Trustpilot
The review feed contains many reports of fast, simple swaps. Recent criticism also mentions slower execution, weaker rates, and the $50 recovery fee for deposit mistakes. User reviews are useful signals rather than controlled tests, and the strongest rating cannot remove the need to read the terms.
Who Should Use ChangeNOW?
ChangeNOW makes the most sense for users who:
already understand wallet addresses, memos, and network selection;
need a direct cross-chain route or an asset that is awkward to find elsewhere;
value a simple receiving quote more than an itemised fee schedule.
A centralised exchange, regulated broker, or on-chain aggregator may fit better when a user needs:
transparent trading fees and an order book;
advanced orders, portfolio tools, or deep liquidity for a large trade; or
consumer protection under a specific local licence.
Final Verdict
ChangeNOW succeeds at the part users see first. The exchange flow is clean, the asset range is broad, and fixed or floating quotes make the immediate choice easy to understand. Permanent addresses and transaction records give the service more value for repeat users.
The important weaknesses sit behind that interface. Pricing is embedded rather than itemised. Compliance checks can interrupt the accountless experience. Fiat payments depend on third parties, and recovery from a deposit mistake can be costly.
For a straightforward, modest swap, those trade-offs may be acceptable.
For a large transfer, the sensible approach is slower: confirm regional eligibility, compare final receiving amounts, read the onboarding requirements, and test the route with an amount the user can afford to have delayed.
Review basis: Public product pages, legal terms, pricing pages, and recent user-review data checked on July 24, 2026. BeInCrypto did not independently execute a live swap for this assessment.

The July jobs report shows up to 23,000 lost jobs instead of gaining the 80,000 forecast, and revisions erased another 103,000. Federal Reserve rate bets flipped within minutes of Friday’s release.
Bitcoin (BTC) climbed on the news. The unemployment rate fell to 4.1%, but for an uncomfortable reason. People stopped looking for work.
July Jobs Report Revisions Deepen the Shock
The headline number was bad. The fine print was worse. The Bureau of Labor Statistics report cut May’s gain to 63,000 and June’s to just 20,000. That quiet markdown wiped out 103,000 jobs.
🇺🇸JOBS SHOCK SHIFTS FED BETSThe US unexpectedly lost 23,000 jobs in July, while unemployment fell to 4.1%.The weak report adds uncertainty ahead of the Fed’s September decision.Kalshi traders now price a 62% chance of no change, versus 34% for a 25bp hike.The Fed now… pic.twitter.com/Y2vaQgcdZ2
— *Walter Bloomberg (@DeItaone) August 7, 2026
Hiring was already thin before July. Payrolls averaged gains of just 34,000 a month over the past year. July snapped even that weak streak.
Moreover, the losses were not spread evenly. Local government education shed 50,000 jobs. Retail and finance also cut staff. Health care added 22,000 positions, and little else grew.
The falling jobless rate hides the real story. Fewer Americans are working or even looking. Participation has dropped 0.7 percentage point since January, reaching 61.4%.
Paychecks tell a similar tale. Wages grew 3.2% over the past year, while June’s inflation ran at 3.5%. In real terms, the average worker is falling behind
“The U.S. economy “unexpectedly” lost 23K jobs in July, while June’s gain was revised down to a mere 20K. The unemployment rate slipped a bit because more people left the labor force, as the participation rate fell to 61.4%, the lowest in 50 years excluding COVID. Stagflation!” Economist Peter Schiff argued the mix points to something worse than a slowdown.
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Fed Bets Flip, and Crypto Smells Opportunity
Rate markets moved fast. CME Group’s FedWatch tool now gives a September hold 55.9% odds, against 44.1% for a hike. One week ago, the hold camp sat at just 33%.
Interest Rate Probabilities for September. Source: CME FedWatch Tool
The swing matters because the Fed is split. It held rates at 3.50% to 3.75% in late July, yet three Fed officials dissented and pushed for a hike.
Unemployment hit a two-year low only because fewer people searched for work.
The unemployment rate dropped to 4.09% in July as the number of people looking for work and the number of people counted as unemployed both fell. This lowered the unemployment rate to its lowest level in two years. It was at 4.44% in February and 4.54% in November.
— Nick Timiraos (@NickTimiraos) August 7, 2026
Against this backdrop, the general perception is that this was a messy read for policymakers.
“Take our government workers, world cup, jobs rose 100,000,” Kevin Hassett said in an interview.
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NEC Director Kevin Hassett on the jobs report: "If you [take] out the World Cup and the government workers, we actually had a number that was about +100,000… there's so many other factors like manufacturing booming, capital spending booming, real wages growing for the typical… pic.twitter.com/8a6XcGbfMM
— Rapid Response 47 (@RapidResponse47) August 7, 2026
For crypto, the math is simple. Fewer hikes mean less pressure on risk assets. Bitcoin, trading near $65,172, rose 0.7% in 24 hours, per BeInCrypto Markets data.
Bitcoin has also run this play before. A weak print sparked June’s jobs report rally, which faded once hawkish Fed talk returned. The token likewise lagged a metals rally that gave gold its best week of 2026, leaving room to catch up if yields keep sliding.
Everything now rides on one date. The July Consumer Price Index (CPI) lands on Wednesday, August 12. A cool number locks in the dovish shift. A hot one revives hike bets before the Fed’s September 15 to 16 meeting, where fresh economic projections are also due.

Gold and silver just posted their strongest week of 2026. Bitcoin (BTC) sat it out.
Gold climbed roughly 7% on the week. Silver did about twice as well. Bitcoin managed 0.7% in a day.
The Gold and Silver Rally Left Bitcoin Behind
Gold headed for its best week since January, Reuters reported. Spot gold was up about 6% on the week by Friday afternoon in London, then pushed higher into the New York session.
By late Friday, gold traded near $4,323 an ounce and silver near $64. Both marked multi-week highs.
Gold (XAU) and Silver (XAG) Price Performances. Source: TradingView
Bitcoin was the laggard. It gained 0.7% over 24 hours, leaving Bitcoin near $65,000 with a market value around $1.31 trillion.
Research account Bull Theory put the combined gain for the two metals at roughly $2.7 trillion. That estimate values all the gold and silver ever mined. Treat it as rough scale, not a hard number.
$2.7 TRILLION has been added to gold and silver this week.Gold is up +7.3%, adding $2.22 TRILLION.Silver is up +14%, adding $504 BILLION.Gold made a new 7 week high and Silver made a 6 week high. pic.twitter.com/qlWapO5Yjq
— Bull Theory (@BullTheoryio) August 7, 2026
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The check is straightforward. The World Gold Council counts 219,891 tonnes of gold above ground at the end of 2025. At $4,323 an ounce, that is worth about $30 trillion. A 7% week therefore adds close to $2 trillion in gold alone.
Japan’s Yen Buying Squeezed the Carry Trade
Japan and the United States bought yen together on July 31. It was their first joint purchase of the currency since 1998.
The scale has changed beyond recognition. New York Fed records show Washington spent $833 million on June 17, 1998, split evenly between the Federal Reserve and the Treasury. Market estimates put this week’s two-day operation as high as $85 billion.
Bank of Japan flow data pointed to roughly $59 billion on the first session alone. Japan’s Ministry of Finance confirms the official total on Aug. 31.
Washington also sold euros instead of dollars to fund its share. The European Central Bank found out afterwards.
It worked, at least briefly. The yen had touched 163.99 per dollar, its weakest since 1986. It then firmed to 155.23, a gain of more than 5%.
“We will not hesitate to participate in further joint intervention,” Treasury Secretary Scott Bessent signalled there may be more.
Why a Stronger Yen Usually Hurts Crypto
The link runs through borrowing. For years, traders borrowed yen cheaply because Japanese rates sat near zero. They then bought higher-returning assets elsewhere, including Bitcoin. That trade is called the carry trade.
A stronger yen makes those loans more expensive to repay. Traders sell assets to cover them. That is the theory, and it has form.
August 2024 is the case study. The BIS found that a Bank of Japan hike and weak US jobs data triggered a violent unwind. On Aug. 5 that year, Japan’s TOPIX fell 12% in a single day. The S&P 500 dropped 3%. Wall Street’s fear gauge spiked above 60.
The BIS also sized the trade. Bank loans outside Japan reached ¥40 trillion, near $250 billion, by March 2024. Broader cross-border claims topped $500 billion.
So the yen just strengthened more than 5% in two sessions, and Bitcoin barely flinched. That is the puzzle. BeInCrypto has previously tracked how Bitcoin fell after Japan’s past rate hikes, which makes the calm response more striking.
One explanation comes from Apollo Global Management. It says the yen carry trade rule that tied the currency to interest rate gaps has broken down. If that link is weaker, the squeeze bites less.
Cheaper Oil and a Fed Hold Favored Metals
The simpler answer may be that metals had their own catalysts.
Brent crude fell more than 10% on the week after the United States and Iran agreed a two-week ceasefire. Cheaper energy cooled inflation worries.
Traders responded by cutting the odds of a September US rate increase to 55%, down from 63% a week earlier, according to Reuters. The Fed had already held rates at 3.50% to 3.75% on July 29. That Fed rate hold split the committee 9 to 3.
Lower rate expectations tend to help gold, which pays no interest. Metals captured that shift. Crypto did not.
Two dates now matter. US jobs data lands first. The Bank of Japan then meets in September. It held at 1% in July, and Governor Kazuo Ueda warned that inflation risks point upward.

Private equity firms have become the latest target of ransom-seeking hackers who use voice phishing to trick company employees, according to a new Google report.
The report withheld the names of the firms targeted. Reuters worked them out by feeding the 72 web addresses Google published into tools like DomainTools and urlscan, which surfaced subdomains matched to each company.
Inside the Vishing Campaign
In its latest report, Google Threat Intelligence Group (GTIG) said it continues to track a group known as UNC6671. The actors rely on voice phishing (vishing), posing as IT helpdesk staff pushing urgent security updates.
They often reach employees on personal mobile devices. The calls direct victims to spoofed login portals.
There, adversary-in-the-middle (AiTM) systems intercept credentials and multi-factor authentication (MFA) tokens. Once inside, the hackers run automated scripts to pull data from cloud services like Microsoft 365 and Okta.
“These operations uniformly leverage tailored IT helpdesk voice phishing (vishing), AiTM credential harvesting panels, and data theft from SaaS applications,” the report read.
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A Shift Toward High-Value Targets
The choice of victims shifted over the summer. Through June, the group leaned toward technology, transport, and hospitality names, chasing trade secrets, code, and client data.
The following month, it turned to money and law. Google saw the group’s infrastructure pointed at private equity firms, law firms, and financial rating agencies.
According to Reuters, hackers created fake sites to lift passwords from staff at several firms. The outlet listed Blackstone, Bridgewater Associates, Apollo Global Management, Bain Capital, KKR, TPG, CME Group, Clearlake Capital, and Moody’s, among others.
Google said some firms paid up, without naming them. Reuters also could not pin down which targets were actually breached.
The campaign highlights how old-school techniques still beat modern defenses. Firms spend heavily on security software, yet a single phone call can walk past all of it.
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China’s exports rose 23.9% in July from a year earlier, beating analyst forecasts. A worldwide buildout of artificial intelligence (AI) infrastructure lifted demand for the country’s chips and high-tech goods.
The gains kept the world’s second-largest economy on track through a year of trade shocks. Yet, they also highlight the split between booming factory exports and weak domestic spending.
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AI Chip Boom Powers China’s Export Surge
China’s exports rose 23.9% year over year in dollar terms in July, slightly ahead of economists’ expectations. Reuters-polled analysts had forecast a 22.2% increase, while a separate Bloomberg survey projected a median gain of 23%.
Although exports beat estimates, growth eased from June’s 27% jump, which marked the strongest expansion since October 2021.
Imports increased 27.5% during the month. Meanwhile, China’s trade surplus totaled $112.5 billion, above market expectations of roughly $107 billion but lower than June’s $125.6 billion.
Semiconductors drove much of the strength. China’s integrated circuit exports, measured by value, nearly doubled over the first seven months of the year. In July alone, chip shipments climbed 117% from a year earlier.
Mechanical and electrical products made up more than 60% of shipments over the first seven months. Electric vehicles, lithium batteries, and wind power equipment drove the demand. Industrial robots and 3D printers also grew quickly.
Price Gains Mask Softer Volumes and Weak Domestic Demand
Not all of the export strength reflects higher shipment volumes. Rising prices also flattered the figures.
A shortage of chips and electronics has pushed some prices up as much as 700% over the past year. Higher oil costs and surging metal prices lifted the value of trade beyond the actual volume shipped.
Moreover, the export strength has masked weakness at home. China’s economy grew 4.3% in the second quarter, its slowest pace since late 2022. Retail sales edged up just 1% in June, a sign of soft consumer demand.
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A tokenized version of Grand Theft Auto VI (GTA 6) publisher Take-Two Interactive Software’s (TTWO) stock has launched on Solana through Backpack Securities. Holders can now trade the company’s equity straight from a compatible crypto wallet.
The listing arrives as Netflix readies an exclusive extended look at GTA 6. The special airs August 27. It lands ahead of the game’s November 19 launch on PlayStation 5 and Xbox Series X|S.
How the TTWO Tokenized Stock Trades on Solana
Backpack Securities is the tokenization arm of the Solana-based exchange Backpack. It minted the wrapped TTWO shares and listed them across several venues.
Backpack frames the tokens as direct equity claims rather than synthetic price trackers. Each one represents a 1:1 redeemable stake in TTWO shares held through a dedicated custody vehicle, not a derivative contract that only mirrors the stock’s price.
“Unlike synthetic alternatives, Backpack investors hold full ownership of the traded U.S. equities, backed by the depth of traditional exchange liquidity,” Backpack CEO Armani Ferrante, via GlobeNewswire
The tokens still settle instantly and trade outside Nasdaq’s normal hours, unlike the underlying stock itself.
The wrapped stock last changed hands at $233.79, according to live BeInCrypto data. That price held flat over the past 24 hours. Market capitalization stands near $288,438, and the token touched an all-time high of $238.10 on August 6.
This listing follows a broader push to move equities onchain. Backpack tokenized SpaceX shares in June. Robinhood Chain, meanwhile, leads rival platforms in tokenized stock holders, even though meme coins still dominate its trading volume.
TTWO Price Performance. Source: BeInCrypto Markets GTA 6 Hype Builds Around the Netflix Reveal
Netflix confirmed the GTA 6 special through its Tudum editorial hub. The premiere runs on Netflix first, at 3 p.m. ET on August 27, before Rockstar Games posts it to YouTube and the official GTA VI site six hours later.
Rockstar has not detailed the extended look’s exact contents, though it has billed the special as more than a standard trailer. The story itself follows two protagonists, Jason and Lucia, across the fictional state of Leonida after a heist collapses.
👀 https://t.co/a66ctX049x
— PlayStation (@PlayStation) August 6, 2026
Anticipation for the game has been building for months. Take-Two’s July filing confirmed the release date and projected over a billion dollars in fiscal 2027 cash flow. Rising chip costs have also pushed console prices higher across the industry, adding pressure just as GTA 6 nears launch.
Wall Street analysts remain bullish on the underlying stock regardless. Twenty-nine analysts tracked by S&P Global hold a Strong Buy rating on TTWO. Their consensus price target sits at $284.14, according to stockanalysis.com, with individual targets ranging from $170 to $368.
Investors can track the current TTWO price on BeInCrypto’s Markets page as the Netflix premiere nears. The coming weeks will show whether the tokenized shares can keep pace with Wall Street’s optimism heading into the GTA 6 launch.

XRP ETF inflows fell roughly 93% last week, sliding to $1.01 million from $14.86 million, even as Bitcoin (BTC) and Ethereum (ETH) funds drew heavy institutional money.
The drop made XRP the clear laggard among major digital-asset ETFs. Yet on-chain data flips that picture, showing the biggest XRP holders buying hard while institutions backed away.
Institutions Walked Away From XRP, Not From Its Rivals
The week split the majors into winners and one loser. Bitcoin ETFs swung from a $61.53 million outflow to a $754.69 million inflow. That single-week turnaround topped $816 million.
Bitcoin Spot ETF Net Inflows: SoSoValue
Ethereum funds pulled in $195.34 million, close to seven times the prior week’s $27.42 million. The recovery followed a stretch of softer Ethereum ETF inflows earlier in the summer.
Ethereum Weekly Spot ETF Net Inflows: SoSoValue
XRP moved the other way. Its net assets slipped to $964.21 million from $988.78 million, extending a run of weaker XRP ETF demand. And its weekly inflows fell about 93% to $1.01 million from $14.86 million.
XRP Weekly Spot ETF Net Inflows: SoSoValue
If institutions were fleeing, the obvious next question was whether smart money left with them.
The Whales Answered by Doing the Exact Opposite
They did not leave. They bought the dip as XRP eased about 5% over the week.
Santiment data shows the largest XRP wallets, holding 100 million to 1 billion tokens, raised their supply share to about 11.99% early in the week. That was up from a low near 10.66%.
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Smaller whales, holding 10 million to 100 million tokens, sold through early August. That cohort started buying again on August 6, the very day the weak ETF figure printed.
XRP Supply Held by 10M-100M and 100M-1B Wallet Cohorts: Santiment
So two whale tiers leaned bullish into the price weakness while institutions retreated. It is a split seen before in XRP on-chain demand, and the timing left one more thread to pull.
The Weak Week Hid a Turn on August 6
The weekly figure buries what happened inside it. On a daily view, the damage was front-loaded. XRP ETFs took a $3.58 million outflow on August 5 and posted zero net flow on August 4.
By August 6, the institutional side had already flipped. That day drew a $3.45 million inflow, the strongest of the run. The weekly total read soft only because the late bounce could not erase the midweek bleed.
XRP Daily Spot ETF Net Inflows: SoSoValue
The same date turns up in the on-chain data. Glassnode shows XRP flowing onto exchanges for most of the week, a common sign of selling, which also aligns with the institutional bias. More than 2 million tokens then left those venues on August 6, a shift that usually points to accumulation.
XRP Exchange Net Position Change Across All Exchanges: Glassnode
That is three separate reads landing on one day. The ETF flow turned positive (day-on-day), the smaller whales resumed buying, and coins started leaving exchanges, all on August 6. The pattern rhymes with earlier XRP ETF inflow divergence.
The weekly split told one story, but August 6 hints at another. By that day, institutional flows had begun lining up with what the whales were already doing. Whether that fragile agreement holds, or fades like a false lead, is what the coming week has to settle.

BIP-110’s author has told Bitcoin users to stop running Bitcoin Core, warning it becomes insecure once mandatory signaling begins. Michael Saylor says the opposite, urging the proposal’s backers to stand down.
Both men are describing the same event at block 961,632. They disagree entirely on which side of it Bitcoin ends up.
Why BIP-110 Wants Users Off Bitcoin Core
BIP-110 is a temporary rule change, or soft fork, that caps how much data a Bitcoin transaction can carry. It ships in Bitcoin Knots, a smaller rival to Bitcoin Core.
Dathon Ohm, the pseudonymous developer who wrote the proposal, said mandatory signaling would start in 290 blocks. After that, miners must set versionbit 4, a flag in the block header.
Blocks without it become invalid to BIP-110 nodes.
He told miners and users to install Knots, then went further.
“It is not recommended to run Bitcoin Core, as it will become insecure when mandatory signaling begins, and miners getting their templates from Core may produce invalid blocks on an incoherent chain that keeps being wiped out, along with any earnings,” Ohm wrote.
Nothing on the project’s own website calls Core insecure. Ohm also described BIP-110 as a fix for critical vulnerabilities, a claim absent from bip110.org.
The site presents it as a curb on arbitrary data, the argument behind the Bitcoin blockspace spam debate.
ATTENTION. THIS IS NOT A DRILL.Mandatory signaling for BIP-110, which fixes critical vulnerabilities, begins in 290 blocks (~48 hours from now).All miners must begin signaling readiness for BIP-110 (versionbit 4) by that time, or their blocks will be discarded as invalid.
— Dathon Ohm / BIP-110 (@dathon_ohm) August 6, 2026
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The Numbers Still Fall Far Short
Ohm thanked the many miners he said are now signaling readiness. The monitor his project cites shows a modest uptick, not a breakthrough.
At block 961,022 on August 4, Saylor counted 38 signaling blocks, a rate of 2.70%. By block 961,421 the monitor logged 47 of 1,806 blocks, or 2.60%.
Bitcoin Signaling Monitor. Source: BIP-110 Monitor
That is eight new signals in 392 blocks. The period rate has slipped rather than climbed.
Early lock-in needs 1,109 signaling blocks. With 217 left in the period, the highest reachable total is 263. No completed two-week stretch since December has finished above 1.29%.
Both Camps Describe the Same Split
Luke Dashjr, who maintains Bitcoin Knots, told BeInCrypto the outcome is already settled. Any miner who refuses to signal loses their block rewards entirely, he said, and the invalid blocks they produce serve only to mislead nodes that have not yet updated.
Dashjr added that shipping a Knots release without BIP-110 would not change the schedule, and said there is no material opposition to the change.
Saylor reads the same mechanism and reaches the opposite conclusion.
…At 961,632, BIP-110 nodes reject non-signaling blocks. Unless major miners reverse, Bitcoin continues normally while BIP-110 stalls or forks into irrelevance. Its backers should stand down,: the MicroStrategy executive said in a post.
He has warned about Bitcoin neutrality for weeks. Blockstream chief executive Adam Back has flagged chain split risk over the low threshold.
the reason it doesn't have consensus is it's stupid idea, doesn't work, and completely fails at technical consensus. polar opposite to segwit which did have technical AND ecosystem consensus (modulo a later stage attempt to abuse the activation process to veto what was agreed)
— Adam Back (@adam3us) June 8, 2026
BeInCrypto reported this week that voluntary activation was already impossible. With about a day and a half left, the question is whether miners capitulate or BIP-110 nodes end up mining alone.

Michael Saylor says he used ChatGPT to help design a Bitcoin (BTC)-backed preferred stock. It raised over $15 billion for Strategy, a financial instrument nobody in history had built before.
Speaking with Steven Bartlett on The Diary of a CEO, Saylor also defended a recent Bitcoin sale. He then doubled down on a bold Bitcoin price prediction stretching two decades.
ChatGPT used as a historic $15 Billion funding tool
By early 2025, Strategy already held about $30 billion in Bitcoin. It had also become the largest issuer of convertible bonds in the world, maxing out that market. Saylor needed a new instrument, so he turned to OpenAI’s chatbot.
“We go to the AI. We said, well, can we do it? They’re like, of course you can do it. Just do this, this, and this, and this, and that,” Michael Saylor, Executive Chairman, Strategy, said on YouTube
The result was STRK, a convertible preferred stock, followed by a version with a variable monthly dividend rate.
“In the history of the world, no one ever created a variable dividend rate preferred stock,” Saylor said.
That structure helped raise $10.5 billion from one instrument, plus roughly $4 billion more, totaling the $15 billion Saylor credits to AI.
Why Saylor Sold BTC
Short sellers argued that Strategy owned too much Bitcoin, near 4% of the supply, to ever sell without crashing the asset or its own stock. That belief threatened the dividends behind Strategy’s credit instruments.
“If you want people to believe that you can do a thing, you have to do the thing.”
Saylor said.
Saylor sold Bitcoin near $59,000 in response, and the price rose afterward. Strategy later confirmed a sale of more than 1,600 Bitcoin in one week, even as Saylor insisted he has personally never sold a token. The move also eased concern about Strategy’s growing preferred stock load, which analysts said was straining the firm’s Bitcoin flywheel.
“It turns out that the break even point for us is about 3.2%,” Saylor noted.
Bitcoin Price Performance. Source: BeInCrypto Markets Saylor’s Bitcoin Price Prediction Could Reach $12 Million
Bitcoin trades near $64,500 today. Saylor still expects it to climb 30% annually for two decades, then slow to roughly 20% a year.
“I think it appreciates about 30% a year for the next 20 years… And then it’ll slow down to being appreciative about 20% a year.”
Saylor´s Bitcoin Price Prediction. Source: BeInCrypto
Compounding at that rate for 20 years would push BTC from today’s price toward roughly $12 million by 2046, based on Saylor’s own math.
However, that timeline has skeptics. Strategy’s own stock has repeatedly failed to crack $150 this year. Macro trader Arthur Hayes ties any run toward seven figures to an AI credit bust, not corporate buying.
Still, Saylor’s core message stayed consistent throughout the interview. Entrepreneurs should stop competing with tasks AI already handles, he said, and instead ask it questions nobody has asked before.

South Korea’s leading crypto exchange, Upbit, announced the delisting of the Bonk (BONK) meme coin today.
The news pulled the Solana (SOL)-based token to its lowest price since November 2023. BONK slipped to an intraday low of $0.00000255. It traded at $0.00000264 at press time, down nearly 7%.
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Bonk (BONK) Price Performance. Source: TradingView Why Upbit Is Removing BONK
Upbit said it will end support for the BONK/KRW and BONK/USDT pairs at 15:00 KST on September 7. All open orders on both pairs will be canceled when trading stops.
The exchange noted that its review identified multiple unresolved concerns. This led it to conclude that BONK no longer meets its listing standards.
Upbit pointed to a security incident affecting the token, the cause of which remains unidentified or unremedied. It also cited the operators’ failure to disclose material information in a timely manner.
The decision follows a month-long review. Upbit designated BONK as a cautionary trading asset on July 7, after BONK DAO confirmed a $20 million governance attack on its treasury.
“Following further close review of the virtual asset, Upbit determined that the grounds for the cautionary designation had not been resolved, and decided to terminate trading support in accordance with its Cautionary Asset Designation and Trading Support Termination Policy,” the notice read (translated from Korean).
The security fallout has weighed heavily on BONK’s performance. The token missed the broader rally that lifted major assets in July, sliding 30.5% over the past month.
BONK is also lagging its own sector. Sector leaders Dogecoin (DOGE) and Shiba Inu (SHIB) posted single-digit monthly declines over the same period. BONK’s slide makes it one of the worst-performing large-cap meme coins.
The delisting also removes BONK from South Korea’s deepest retail liquidity pool. Traders will now watch whether other Korean exchanges follow Upbit’s lead in the coming weeks.
What Happens to BONK Holders Now
The exchange explained that holders can still withdraw BONK for 30 days after trading ends, until October 7. Upbit warned that deposits made after the delisting will not be credited to accounts.
The exchange added that mistaken transfers after the withdrawal window may take a long time to recover. It also said it will not support airdrops, wallet upgrades, or hard forks for the token going forward.
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Elon Musk announced Terafab, a Texas chip factory that Tesla and SpaceX will build together. The plant will manufacture semiconductors for artificial intelligence and robotics.
Musk said Terafab Texas would become the most valuable building on Earth by far.
Tesla and SpaceX plan to invest $16.8 billion to start construction. Total spending could reach $119 billion across multiple phases, according to regulatory filings reported this week.
Terafab Texas Aims to Be Earth’s Most Valuable Building
Musk made the claim in a post on X, where he also praised the factory’s planned design.
Terafab Texas will be the largest and most valuable building on Earth by far.And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Analyst estimates suggest the facility could generate more than one trillion watts of AI computing capacity each year. It will rely on two-nanometer chip technology, among the most advanced processes available today.
Social media users quickly compared Terafab’s footprint to some of the largest structures on the planet. Side-by-side graphics placed the factory next to Tesla’s own Austin gigafactory, government buildings, corporate campuses, and shopping centers built for millions of annual visitors. One such comparison gathered millions of views within a day.
Terafab will be 50 times the size of the Pentagon when complete https://t.co/Yb7Dqbay5s
— Elon Musk (@elonmusk) August 7, 2026
The Terafab chip factory will span more than 9 million square meters. Musk separately said the site would be roughly 50 times larger than the Pentagon, the headquarters of the U.S. Department of Defense, once finished.
The comparisons landed as Tesla-SpaceX merger speculation intensifies. The two companies increasingly share infrastructure, executives, and capital. Meanwhile, Gigafactory Shanghai sale rumors, which Musk denied last week, show how closely investors track his industrial empire.
AI Chip chart SpaceX. Source: SpaceX Updates Betting on Chips for Robots, Rockets, and AI
Terafab will build chips for Tesla’s Optimus humanoid robots and Full Self-Driving software. It will also produce space-hardened chips for SpaceX satellites and orbital data centers tied to xAI, Musk’s artificial intelligence venture. The project promises at least 3,000 local jobs.
Musk has said existing global chip fabrication covers only about 2% of the compute Tesla and SpaceX expect to need in the coming years. A chart shared alongside the announcement showed expected demand from the two companies far outpacing all currently available new compute capacity.
The strategy reflects a push to cut reliance on outside chipmakers such as Taiwan Semiconductor Manufacturing Company (TSMC). Analysts say established foundries cannot expand output fast enough to meet surging AI demand.
Funding will likely draw on momentum from SpaceX’s record stock debut earlier this year. Tesla’s second-quarter earnings showed AI spending climbing sharply even as profits narrowed. SpaceX’s latest earnings call, held this week, offered early signals on how executives plan to finance projects like Terafab.
Investors will watch whether Tesla and SpaceX can fund Terafab without diverting cash from other priorities. Wall Street analysts, including those at Morgan Stanley, do not expect the first chips to ship before 2028. The factory’s true scale will therefore remain unproven for years. However, even minor delays could ripple across Tesla and SpaceX’s broader roadmap for robotics and space computing.

The United States joined Japan in a rare currency intervention to defend the yen on August 1, its first joint yen-buying action since 2011. Yet Tokyo is demanding it stop using Mario, Pokémon, and Naruto in government memes.
At the same time the United States has taken significant steps to support Japan’s currency, Japan’s government continues to raise concerns about copyright infringement, pressing Washington over its unauthorized use of it’s beloved intellectual property in official social media posts.
Washington Steps in for the Yen
The yen had slumped to roughly 163.7 per dollar, its weakest level in about four decades, before the joint action pushed it back toward 155. President Donald Trump framed the coordinated currency intervention as a gesture of goodwill rather than a policy shift.
“They have a weakening yen, and they wanted a little bit of help. And we’re always there for Japan.”
Trump, Al Jazeera
Treasury Secretary Scott Bessent confirmed the US bought yen alongside Japan’s Ministry of Finance, adding that Washington backs Tokyo’s push to correct what officials call an undervalued currency. The last time the US intervened on the yen’s behalf was 1998.
Tokyo’s Other Complaint
While that cooperation played out smoothly, Japan’s Ministry of Foreign Affairs has kept pressing a separate grievance. Officials say the US government has repeatedly used Nintendo, Pokémon, and Naruto characters in social media memes and videos without permission, including clips mixing game footage with military content.
MAGA 🇺🇸⚡️ pic.twitter.com/8QRVP23zGu
— The White House (@WhiteHouse) March 5, 2026
Japan’s Foreign Ministry has said doing so is inappropriate even for public institutions, arguing rights holders’ consent matters regardless of who is posting. The complaints have run through diplomatic channels since March, with officials citing a March clip that placed Nintendo Wii imagery alongside images of strikes in Iran, on the official White House account on X.
UNDEFEATED. pic.twitter.com/Jt69bcag5y
— The White House (@WhiteHouse) March 12, 2026
The Pokémon Company has previously denied granting permission for its characters to appear in government content, and the issue has drawn attention from Japanese lawmakers and a fan-led petition that gathered international coverage.
Whether the yen cooperation extends any goodwill to the intellectual-property dispute remains unclear. The two governments have shown they can coordinate quickly on currency markets. So far, that coordination hasn’t carried over to Mario.