Blockonomi

Key Takeaways
Bitget will enforce compliance measures against 16 crypto platforms including HTX and EXMO in three phases: August 7, 13, and 23.
The restrictions align with Binance’s actions and respond to US OFAC sanctions plus the EU’s 21st Russia sanctions framework.
HTX disputes the limitations, with Justin Sun claiming they impact only UK and EU users, as settlement negotiations proceed.
Bitget’s Stock Dual Investment offering has grown from 6 to over 20 U.S. stock and ETF-linked tokens.
Available assets include tokens tracking Nvidia, Tesla, Apple, Coinbase, Meta, and leveraged semiconductor ETFs.
This week, Bitget executed two significant strategic initiatives: implementing stricter compliance measures against sanctioned cryptocurrency platforms while simultaneously broadening its stock-linked investment offerings for non-US users.
Bitget Implements Restrictions Following Binance’s Lead
The cryptocurrency exchange announced it will implement enhanced compliance protocols targeting 16 designated platforms across three distinct phases.
Phase one, launched August 7, affects Aban Tether Exchange and Shelbit. Both platforms face US OFAC sanctions for allegedly facilitating cryptocurrency transactions related to Iran sanctions circumvention, including transfers associated with the Islamic Revolutionary Guard Corps.
Phase two, scheduled for August 13, encompasses A7 Africa, A7 Nigeria, and PilotFinance Ltd.
Phase three, the most extensive rollout on August 23, includes HTX, EXMO, ABCeX, Aifory Pro, BitPapa, Exnode, Monease, NoOnecrypto, Rapira, Tradex, and WhiteBird. These entities are covered under the EU’s 21st Russia sanctions framework, which was implemented in July 2026.
HTX is aware of the recent developments regarding the UK sanctions designations. The HTX exchange is committed to full compliance with all applicable laws and to cooperation with law-enforcement agencies worldwide.
The UK’s designation arrived today without prior notice or any…
— HTX (@HTX_Global) May 26, 2026
Just one day prior, Binance disclosed nearly identical measures, targeting the same entities with matching implementation dates. This synchronized approach indicates both platforms are responding to shared regulatory mandates.
According to Bitget’s announcement, transactions involving any listed entity may result in rejection, account investigation, or closure.
HTX has challenged these measures. On X, Justin Sun stated the restrictions affect only UK and EU users, regions where HTX claims it doesn’t operate.
UK authorities countered this position. The Office of Financial Sanctions Implementation determined the designation applies to HTX’s platform due to its ownership by Huobi Global SA. HTX confirmed ongoing settlement discussions with both UK and EU regulatory bodies.
Stock Dual Investment Portfolio Grows to Over 21 Tokens
In parallel developments, Bitget announced on August 14 an expansion of its Stock Dual Investment portfolio, increasing from 6 offerings to more than 21 products in less than a month since its July 25 debut.
The expanded lineup features tokens tied to Nvidia, Tesla, Apple, Meta, Advanced Micro Devices, Intel, Taiwan Semiconductor, Coinbase, Circle, and Strategy. Additionally, users can access two leveraged semiconductor ETF tokens: rSOXL and rSOXS.
The Buy Low mechanism allows participants to subscribe using USDT, select a target price, and acquire the token if that price is reached at settlement. Otherwise, they receive their USDT plus accrued interest. The Sell High mechanism operates inversely, with participants staking tokens and receiving USDT upon reaching the price target.
Settlement timing has been adjusted to 11:30 p.m. UTC+8, positioning it 90 minutes following the 9:30 a.m. ET opening of the Nasdaq and NYSE.
The platform categorizes Dual Investment as a non-principal-guaranteed instrument. Capital remains locked until expiration, and participants may receive different assets than initially subscribed depending on market movements.
In July, Bitget CEO Gracy Chen revealed tokenized traditional assets represented 20 to 30 percent of spot trading volume during the previous quarter, with stock-linked products surpassing $100 million in aggregate volume.
US residents currently cannot access the Stock Dual Investment product. Chen indicated the company intends to secure US money-transmitter, derivatives, and broker-dealer licenses before offering services to American clients, though no timeline has been announced.
The post Bitget Enforces Sanctions on 16 Crypto Platforms While Adding 20+ US Stock Tokens appeared first on Blockonomi.

Key Takeaways
Former Binance CEO CZ highlights that wealthy individuals may be priced out of owning a complete Bitcoin
Mining has already released over 20.07 million coins from Bitcoin’s 21 million maximum supply
Between 10-20% of all mined Bitcoin could be permanently lost, according to CZ’s estimates
America’s 23.6 million millionaires outnumber the entire Bitcoin supply available
Binance announces transaction restrictions affecting 16 cryptocurrency exchanges due to sanctions
With Bitcoin hovering around the $63,000 mark, fresh commentary from a prominent industry figure is reigniting discussions about the cryptocurrency’s increasing scarcity.
Bitcoin surpassed 20.07 million coins mined as of August 2026, leaving only 4.4% more supply.
I'd estimate 10-20% of existing bitcoins are lost/stuck/unrecoverable. It's a deflationary asset.
— CZ BNB (@cz_binance) August 15, 2026
Changpeng Zhao, commonly referred to as CZ, sparked widespread conversation this week through a post on X suggesting that wealthy individuals may soon find themselves unable to purchase one complete Bitcoin. His remarks came as a response to cryptocurrency researcher Quinten Francois, who highlighted that the United States is home to approximately 23.6 million millionaires—a figure that surpasses Bitcoin’s absolute ceiling of 21 million tokens.
The former Binance chief’s message was straightforward: the mathematics simply don’t support enough complete coins for America’s millionaire population alone.
Current data from August 2026 indicates approximately 20.071 million Bitcoin have entered circulation through mining operations. This leaves a mere 929,000 coins remaining before the network reaches its programmed maximum. With such constrained availability, demand for whole Bitcoin units is positioned to intensify dramatically.
Permanently Inaccessible Coins Compound the Shortage
CZ introduced an additional dimension to the scarcity discussion by estimating that 10% to 20% of all existing Bitcoin may be irretrievable—locked in wallets where private keys have been lost or otherwise made permanently inaccessible. Should these estimates prove accurate, the real available supply for potential buyers could be substantially smaller than circulation statistics indicate.
This topic surfaced earlier when CZ engaged with Bitcoin researcher Willy Woo in early August. Woo presented research indicating 1.57 million Bitcoin had been lost through individual custody methods, versus 1.51 million lost via exchange platforms. CZ responded by suggesting that exchange storage demonstrated statistically better safety than self-custody approaches, while conceding both storage methods involve inherent risks.
Bitcoin’s price fluctuated between $62,525 and $63,171 during the preceding 24-hour period as of August 15. The cryptocurrency has experienced approximately a 3.1% decline across the previous week. It currently sits roughly 50% beneath its record peak of $126,080, established in October 2025.
CZ’s scarcity observations have also revived interest in his extended price projections. During July, he presented a theoretical pathway for Bitcoin reaching $1 million during the 2033 market cycle. He characterized this as a plausible outcome dependent on sustained mainstream adoption rather than a definitive forecast. Ark Invest’s Cathie Wood and Mexican entrepreneur Ricardo Salinas Pliego have voiced comparable price expectations.
Binance Implements Restrictions on 16 Exchange Platforms
In developments unrelated to supply concerns, Binance revealed this week its decision to terminate transaction processing with 16 cryptocurrency exchanges. This action relates to the European Union’s 21st sanctions package targeting Russia and two organizations identified by the U.S. Treasury Department on August 7.
Impacted exchanges include HTX and EXMO among others. The enforcement timeline features phased implementation, with the final batch of 11 platforms subject to restrictions beginning August 23. These measures apply universally across Binance’s global user base.
The convergence of diminishing Bitcoin availability and Binance’s regulatory compliance actions encapsulates the cryptocurrency sector’s present reality: contracting asset accessibility alongside escalating regulatory oversight.
The post Bitcoin (BTC) Scarcity Crisis: CZ Warns Millionaires May Be Priced Out of Whole Coins appeared first on Blockonomi.

Key Highlights
Tudor Investment boosted IBIT holdings by 18.9%, reaching 688,529 shares valued at $22.9 million by June 30, 2026
The firm’s previous position stood at 579,083 shares at the conclusion of Q1 2026
Call options linked to IBIT were reduced dramatically by 85.2%, with put positions declining modestly
Jones consistently advocates for bitcoin as an optimal inflation protection tool, emphasizing its capped supply
This disclosure emerged during the same week Edelman Financial revealed a $34 million investment in Bitcoin ETF products
The investment firm led by renowned trader Paul Tudor Jones has discreetly expanded its exposure to BlackRock’s Bitcoin ETF, despite the overall holding remaining significantly below its 2024 high-water mark.
JUST IN: Billionaire Paul Tudor Jones' hedge fund raises its BlackRock Bitcoin ETF stake by 18.9% after a full YEAR of selling.
Tudor grew its IBIT stake to 688,529 shares per its new filing, after selling all through 2025 at Bitcoin's $124,000 peak. pic.twitter.com/eOP9rwMHJt
— Coin Bureau (@coinbureau) August 15, 2026
According to regulatory filings, Tudor Investment Corp owned 688,529 shares of BlackRock’s iShares Bitcoin Trust on June 30, 2026. This represents an 18.9% increase compared to the 579,083 shares disclosed at the close of the first quarter.
At the time of the regulatory submission, this position carried a valuation of $22.9 million and currently stands at approximately $24.5 million. With Tudor overseeing about $106 billion in total assets under management, this bitcoin ETF holding constitutes a relatively modest allocation.
The investment firm submitted its quarterly 13F report to the Securities and Exchange Commission last Friday. Such disclosures are mandated on a quarterly basis and reveal institutional equity positions as of the final business day of each quarter.
Significant Reduction in Call Options
Alongside the expansion of direct share ownership, Tudor revealed a substantial decrease in call options associated with the ETF. Call option positions plummeted 85.2% to represent 148,000 underlying shares, a sharp decline from the 998,000 reported in March.
Put option positions experienced a minor decrease, moving from 725,000 to 715,000 underlying shares. Since the filing lacks details on strike prices or expiration timelines, these derivatives likely serve hedging purposes rather than speculative directional positions.
Jones initially revealed ownership of 869,565 iShares Bitcoin Trust shares in mid-2024. That position subsequently expanded to 8.05 million shares valued at $427 million by the end of that year, before being trimmed throughout each quarter of 2025. Today’s holdings remain 91.4% beneath that late-2024 zenith.
Long-Standing Advocacy for Bitcoin as Inflation Shield
For several years, Jones has maintained his position as one of the financial industry’s most outspoken bitcoin advocates. His initial disclosure of cryptocurrency exposure came in a May 2020 research note titled “The Great Monetary Inflation,” where he characterized bitcoin as the “fastest horse” in a competitive field against inflation driven by excessive central bank monetary expansion.
During a 2024 appearance on CNBC, he revealed positions in both gold and bitcoin while maintaining zero exposure to fixed income securities. By April 2026, he designated bitcoin as the “best inflation hedge” available, highlighting its predetermined supply cap as a critical competitive edge over gold.
BlackRock’s iShares Bitcoin Trust continues to maintain market leadership among US spot bitcoin ETFs, controlling approximately 49% of aggregate spot bitcoin ETF assets. Combined assets across all US-listed spot bitcoin ETFs approached $105 billion at the conclusion of Q2 2026.
This regulatory filing arrived during the same week that Edelman Financial unveiled a $34 million bitcoin ETF allocation, signaling expanding adoption of regulated bitcoin investment vehicles among conventional wealth management firms.
Tudor’s subsequent 13F disclosure, documenting third-quarter holdings, is scheduled for release in mid-November 2026.
The post Tudor Investment Boosts Bitcoin (BTC) ETF Holdings to $22.9M Amid Inflation Concerns appeared first on Blockonomi.

Key Highlights
Harvard’s endowment maintained its BlackRock IBIT bitcoin ETF holding at 3,044,612 shares valued at $101.4 million during Q2 2026, halting a two-quarter selloff trend
Two Abu Dhabi sovereign funds, Mubadala and ADIC, maintained a combined $764 million IBIT exposure with zero portfolio adjustments
JPMorgan expanded its IBIT holdings to 10.4 million shares while Morgan Stanley reduced its position by 4.5%
Paul Tudor Jones’ Tudor Investment Corporation increased its IBIT stake, now managing 688,529 shares valued at $22.9 million
The university’s gold exposure ($171.2 million) now exceeds its bitcoin fund allocation, with SpaceX representing its dominant holding at $2.2 billion
Harvard University’s endowment maintained a steady position in BlackRock’s iShares Bitcoin Trust throughout the second quarter of 2026. The prestigious institution reported holding 3,044,612 shares valued at $101.4 million on June 30, matching the previous quarter’s share count exactly.
JUST IN: Harvard PAUSED its Bitcoin ETF selling in Q2, holding 3.04 million BlackRock $IBIT shares worth $101.4 million after cutting the position for two straight quarters.
Its disclosed gold holdings totaled $171.2 million, while it maintained no Ethereum ETF exposure. $SPCX… pic.twitter.com/fwpweZdBqs
— Coin Bureau (@coinbureau) August 16, 2026
The stabilization marks a notable shift after consecutive quarters of reduction. The endowment had decreased its holdings by 21% during Q4 2025, followed by an additional 43% reduction in Q1 2026. The quarter-over-quarter decline in dollar value stemmed from bitcoin’s price depreciation rather than portfolio rebalancing.
The university has shown no interest in rebuilding an Ethereum allocation. After completely divesting from BlackRock’s spot Ethereum ETF earlier in 2026, Harvard has maintained zero exposure to that digital asset class.
Bitcoin currently trades near $63,000, representing a nearly 30% decline year-to-date. The cryptocurrency is trading at approximately 50% of its October 2025 all-time high above $126,000.
Gold Exposure Exceeds Bitcoin Allocation at Harvard
The endowment’s gold-related investments now total $171.2 million, surpassing its $101.4 million bitcoin fund allocation. The gold exposure consists of $149.5 million in the iShares Gold Trust and an additional $21.7 million in the SPDR Gold Trust.
Within Harvard’s disclosed portfolio, IBIT represents the 11th largest position, accounting for 2.4% of the $4.26 billion in publicly reported assets. The institution’s complete endowment totals approximately $57 billion, though the majority resides in private investments exempt from 13F disclosure requirements.
The endowment’s dominant public holding is SpaceX, valued at $2.21 billion and representing 52% of all disclosed investments. The aerospace company completed its public offering in June at $135 per share, achieving a market capitalization near $1.8 trillion. Harvard’s pre-IPO stake automatically converted into publicly traded equity following the listing.
Dartmouth College similarly maintained unchanged crypto ETF allocations during the quarter. The institution’s combined holdings in IBIT, a Grayscale Ethereum staking vehicle, and a Bitwise Solana fund decreased from $14.6 million to $12.4 million solely due to market valuation changes.
Major Financial Institutions Adjust Bitcoin ETF Exposure
Mubadala, Abu Dhabi’s sovereign wealth fund, maintained 14.7 million IBIT shares worth $490.1 million, while the Abu Dhabi Investment Council preserved its 8.2 million share position valued at $273.6 million. Both entities reported zero changes to their allocations.
JPMorgan expanded its IBIT allocation from 8.3 million to 10.4 million shares and simultaneously increased its BlackRock ether ETF position more than fourfold. Conversely, Morgan Stanley decreased its IBIT exposure by 4.5% to approximately 16.5 million shares. The financial giant also reported holding 2.57 million shares in its proprietary Morgan Stanley Bitcoin Trust.
Tudor Investment Corporation acquired an additional 109,446 shares throughout the quarter, elevating its total position to 688,529 IBIT shares worth $22.9 million. The investment firm simultaneously maintained IBIT put options representing $23.8 million in underlying exposure.
As of August 13, BlackRock’s IBIT managed approximately $47.35 billion in total net assets. According to 13F filing records, the ETF now counts 1,500 institutional investors among its shareholder base.
The post Harvard Maintains Bitcoin ETF Holdings at $101M While Expanding $2.2B SpaceX Position appeared first on Blockonomi.

Key Takeaways
Bitcoin has plummeted approximately 50% from its October 2026 peak of ~$126,080, currently trading in the low-$60,000 range
VanEck’s proprietary GEO analytical framework indicates potential bottom formation signals
On-chain analytics from CryptoQuant reveal long-term holders experiencing unrealized losses deeper than average investors — a historical marker of cycle bottoms
Technical analyst Katie Stockton from Fairlead identifies significant oversold conditions and emerging momentum shifts in Bitcoin
Galaxy Research’s bearish scenario projects a possible bottom around $28,000 during Q4 2026
The leading cryptocurrency has experienced a dramatic collapse from its October 2026 all-time high near $126,080, shedding almost half its value as prices settle in the low-$60,000 territory. This significant drawdown has shaken investor confidence and sparked intense speculation about when this market cycle will reach its conclusion.
Bitcoin (BTC) Price
Analysis from investment manager VanEck indicates the ongoing correction aligns remarkably well with Bitcoin’s established four-year halving cycle pattern. Following each halving event, the rate of fresh BTC entering circulation is reduced by 50%, and substantial price corrections have historically followed preceding bull runs.
VanEck employs its proprietary GEO analytical model to evaluate Bitcoin performance, assessing three critical components: Global Liquidity conditions, Ecosystem Leverage levels, and On-Chain Activity metrics. Currently, two indicators register neutral readings, while ecosystem leverage demonstrates constructive positioning.
$BTC has a decent long-side liquidity sitting around $62,000.
After that, most of the liquidity is to the upside.
IMO, a dip below $62,000 followed by a pump above $65,000 could happen for Bitcoin. pic.twitter.com/uyEUzseFZS
— Ted (@TedPillows) August 15, 2026
According to VanEck’s assessment, these metric configurations indicate preliminary signals of bottom formation, prompting the firm to recommend gradual position accumulation rather than attempting to time a precise market entry point.
On-chain data provider CryptoQuant offers complementary insights through its analysis. Researcher MorenoDV investigated adjusted Net Unrealized Profit/Loss (NUPL) metrics, discovering that Bitcoin’s long-term holder cohort currently bears more substantial unrealized losses compared to the overall market participant base. This specific configuration has historically emerged near significant Bitcoin cycle troughs.
Nevertheless, CryptoQuant maintains caution against declaring an absolute bottom. During previous major cycle lows, the long-term holder NUPL metric declined substantially beyond present readings, suggesting potential for additional downside before a definitive price floor materializes.
Technical Indicators Showing Bullish Divergences
Katie Stockton, who founded Fairlead Strategies and manages the Amplify Fairlead Tactical Bitcoin ETF, shared with Coinage that her preferred technical indicators are displaying long-term oversold readings. She observed that long-term momentum measurements have started reversing upward following a period of accelerating downward pressure.
“We’re already observing indicators of long-term downside exhaustion,” Stockton explained. The simultaneous occurrence of oversold conditions alongside improving momentum was “exceptionally compelling,” she noted.
Stockton further highlighted that implied Bitcoin volatility metrics recently dropped to their lowest annual levels, while CryptoQuant’s founder Ki Young Ju documented that hedge fund positioning has transitioned to net long exposure in BTC futures contracts.
Price Target Predictions From Leading Analysts
Geoffrey Kendrick from Standard Chartered made a bold bottom call for Bitcoin’s cycle low at $59,000 this past June, declaring the “winter is over.” Interestingly, Bitcoin concluded June 30 at $58,566, marking its lowest monthly close in nearly 24 months.
Galaxy Research maintains a more conservative outlook, projecting a potential bottom formation between $40,000 and $46,000 during Q4 2026, while acknowledging a worst-case capitulation scenario could drive prices toward $28,000.
On-chain intelligence platform Glassnode reports that 45 distinct Bitcoin metrics currently reflect capitulation conditions — representing the longest sustained period of such readings since the November 2022 FTX exchange collapse. Market strategists from Cowen, CryptoQuant, and veteran trader Peter Brandt are converging on September through October timeframes for a probable market bottom.
At present, Bitcoin trades around the $63,000 level, representing approximately 49% decline from its historical peak, as market participants monitor whether accumulated holdings by long-term investors and institutional buying interest can counterbalance persistent selling pressure.
The post Bitcoin (BTC) Price Analysis: Has the Crypto Winter Bottom Arrived or Will Prices Fall Further? appeared first on Blockonomi.

TLDR:
Gen Z ETF inflows rose to 21.9% of July net equity flows as single-stock exposure slipped to 74.2% overall.
ETF trading reached 25% of Gen Z equity volume in early August, compared with only 9.5% for Millennials.
Gen Z equity deployment fell 17.4% in July, but unleveraged ETF inflows declined just 2% during the month.
Gen Z ETF holders increased 2.9%, while Millennial and Gen X holders fell 4.5% and 5.9%, respectively.
Gen Z investors are directing more equity activity toward exchange-traded funds, while their share of single-stock exposure is declining. Binance Research shows unleveraged ETFs captured 21.9% of Gen Z net equity inflows in July, up from 18.5% in June.
Gen Z is rotating into ETFs.
Unleveraged ETFs rose to 21.9% of Gen Z equity net flow (June→July), and ETF trading share climbed to 25% in early August (vs 9.5% for Millennials).
More baskets, fewer single names—diversification over speculation.
Read more … pic.twitter.com/jlim9amBHO
— Binance (@binance) August 15, 2026
Single stocks, meanwhile, fell from 77% to 74.2% of net inflows during the same period. The change was clearer in trading volume, where ETF activity climbed sharply through June, July, and early August.
Gen Z ETF Share Rises as Single-Stock Exposure Falls
ETFs represented 14.6% of Gen Z equity turnover in June before rising to 21.4% in July. During the opening days of August, that share reached 25%, according to Binance. Millennials, however, followed a different pattern during the same period.
Only 9.5% of their early-August equity trading volume moved through ETFs. The gap widened as overall equity deployment weakened in July. Gen Z net equity deployment fell 17.4%, yet unleveraged ETF inflows declined only 2%.
Single-stock inflows dropped 20.4%, while leveraged-product flows fell 28.5%. As a result, diversified funds captured a larger share of a smaller pool of new capital. The number of Gen Z ETF holders increased 2.9% in July.
By comparison, ETF holders among Millennials declined 4.5%, while Gen X holders fell 5.9%. Younger users therefore expanded participation while both older groups recorded declines.
Binance also found that trading frequency did not support a uniformly high-turnover profile for younger investors. Gen Z averaged three monthly bStocks trades and eight direct-equity trades.
Leveraged fund activity was also limited across most younger accounts. About 88.2% of Gen Z TradFi-Perps accounts recorded no leveraged or inverse ETF activity. The comparable figure for Millennials was 84.5%.
ETF Demand Holds Up as Gen Z Equity Deployment Slows
The same dataset showed most younger accounts were net buyers rather than net sellers. In bStocks, 76% of Gen Z accounts were net accumulators. That compared with 67% of Millennials. In direct equities, 77% of Gen Z accounts accumulated more than they sold.
The findings add context to earlier research on how younger investors enter markets. FINRA has highlighted cryptocurrency, social media, and fear of missing out as influences. A joint FINRA Foundation and CFA Institute study found 37% of surveyed U.S. Gen Z investors cited social-media influencers as an important investing reason.
However, Binance data focuses on how these users allocated capital after entering markets. In July, diversified products held up better as stock and leveraged inflows weakened. The shift also came during rapid expansion across the broader U.S. ETF market. Industry assets reached $15.70 trillion in June 2026.
That was 36.6% above the $11.49 trillion recorded one year earlier. Net ETF issuance reached about $991.6 billion during the first half of 2026. The comparable total for the first half of 2025 was $542.7 billion. Binance noted that its direct-equity product only reached meaningful scale in June.
The dataset therefore covers roughly two months and reflects Binance TradFi users rather than investors globally. Within that sample, single-stock exposure fell as diversified fund participation increased.
The post Gen Z Rotates Into ETFs as Binance Data Shows Single-Stock Exposure Falling appeared first on Blockonomi.

TLDR:
Monero reached a record $797.73 on Jan. 14, 2026, despite major XMR delistings across Binance and OKX.
Binance ended XMR spot trading in February 2024, while Kraken halted EEA trading later that October.
EU rules taking effect July 10, 2027 target anonymity-enhancing coins but do not ban private ownership.
Patel’s chart marks $400 as an initial strength level, with $180-$120 identified as long-term support.
Monero has emerged as a test of whether repeated centralized-exchange delistings can permanently weaken a cryptocurrency’s long-term market structure. An Aug. 15 chart from analyst Crypto Patel tracks XMR from about $0.22 in January 2015 to nearly $799 in January 2026.
CoinGecko separately records Monero’s all-time low at $0.2162 and its record high at $797.73 on Jan. 14, 2026. That eleven-year move came despite shrinking access on several major exchanges, creating an unusual divide between regulatory pressure and price performance.
Monero Defies Delistings as $799 Record Stays in Focus
The delisting cycle intensified during 2024 as large centralized platforms reduced support for the privacy-focused asset. OKX removed several XMR spot pairs in January, followed by Binance ending all spot trading on Feb. 20, 2024.
Binance said new regulatory requirements were among the factors considered when reviewing listed assets. Kraken later stopped XMR trading and deposits for European Economic Area customers on Oct. 31, 2024, citing regulatory changes.
MONERO (XMR): THE MOST DELISTED COIN IN CRYPTO IS BACK ABOVE $800$XMR is going up while most altcoins sit near their all-time lows.
THE DELISTING WAVE
Binance: Removed #XMR in Feb 2024 (price dropped 30% in one day)
Kraken: removed for Ireland and Belgium, balances… pic.twitter.com/mYAY06629t
— Crypto Patel (@CryptoPatel) August 15, 2026
Kraken subsequently converted remaining customer balances to Bitcoin after its withdrawal deadline expired. Together, those decisions reduced convenient access, although they did not remove the network or eliminate secondary trading channels.
The regulatory friction comes directly from Monero’s privacy architecture. Stealth addresses, ring signatures and Ring Confidential Transactions hide recipients, senders and transaction amounts by default.
Those protections conflict with compliance systems that increasingly demand identifiable transaction information. The Financial Action Task Force’s Travel Rule requires greater transparency around virtual-asset transfers.
Europe is also tightening restrictions. Regulation (EU) 2024/1624 prohibits crypto-asset service providers from maintaining accounts supporting anonymisation or increased transaction obfuscation, including anonymity-enhancing coins.
The regulation applies from July 10, 2027. However, it does not impose a blanket prohibition on private ownership or self-hosted wallets beyond provider control.
That distinction leaves alternative trading routes open. Bitcoin-Monero atomic swaps and Tor-based peer-to-peer exchange Haveno allow users to transact without relying on traditional centralized order books.
XMR Bull Flag Keeps January Record in View
Patel’s monthly chart places the post-record decline inside a large bull-flag structure rather than treating it as a completed long-term breakdown. The chart identifies roughly $400 as an initial strength level and marks $180-$120 as broader long-term support.
It also displays a $2,000-$3,000 breakout objective, although those figures are chart-based technical projections rather than established market outcomes. The more immediate reference remains the $797.73 January record.
Source: X
The market structure now depends on a clear trade-off. Centralized venues provide deeper liquidity, simpler fiat access and more efficient price discovery, while delistings can widen spreads.
Even so, CoinGecko data shows Monero still trades across venues including KuCoin, Kraken and MEXC. That continuing activity explains why regulatory exclusion has not translated into market disappearance.
The January peak therefore remains important because it followed, rather than preceded, the major 2024 delisting wave. For traders, the chart measures whether reduced exchange access has changed demand enough to break Monero’s broader structure.
The post Monero Defies Delisting Wave as XMR Bull Flag Puts $799 Peak in Focus appeared first on Blockonomi.

TLDR:
Chainlink price rose 8.2% to $9.47 as daily spot volume increased 114.89%, lifting LINK’s weekly advance to 13.48% over seven days.
LINK futures open interest climbed 15% to $685.97 million, while derivatives turnover increased 140% to $973.04 million in one day.
Chainlink holders reached a record 3.96 million, active addresses doubled to 4,800, and large transactions increased across the network.
Michaël van de Poppe favors entries below $9.20 or $8.60 rather than chasing LINK, with $10.87 and $11 marking resistance.
Chainlink price jumped 8.2% to $9.47 on August 15, outperforming large-cap cryptocurrencies during market volatility. LINK also gained 13.48% across seven days as spot volume and derivatives activity expanded sharply. Daily trading volume rose 114.89% to $515.84 million, while market capitalization reached $7.09 billion.
Futures open interest climbed 15% to $685.97 million, showing stronger participation in active contracts. Michaël van de Poppe described LINK’s setup as “phenomenal,” yet advised traders against chasing the rally. He instead identified pullbacks below $9.20 or $8.60 as potential entries, depending on Bitcoin’s next move toward support. Both cover upcoming market sessions.
Chainlink Price Gains Support From Trading and ETF Flows
The Chainlink price first approached $9 near $8.85, when turnover stood at $241.3 million. LINK is trading at $9.47 and recording a daily volume above $515 million. The change showed how quickly participation increased as traders responded to the breakout attempt.
Derivatives activity strengthened alongside spot demand. CoinGlass figures placed futures volume at $973.04 million after a 140% increase. Open interest reached $685.97 million, adding leverage and liquidity around the move. Rising open interest can support momentum, though it also raises liquidation risk during sudden reversals.
The number of Chainlink holders reached a record 3.96 million, analyst Ali Martinez reported. Active addresses also doubled from about 2,450 to 4,800. Those figures indicate broader participation, but they do not reveal if large wallets bought or sold tokens.
Chainlink is down 83.4% from its May 2021 all-time high of $53.
Yet, the network just reached a record 3.96 million $LINK holders worldwide.
And now, the price is starting to flash bullish signals. Time to pay attention! https://t.co/VL5QEcQPCu pic.twitter.com/XQ5KiIdPaz
— Ali Charts (@alicharts) August 14, 2026
Transactions exceeding $1 million increased during recent sessions. This whale activity drew attention as LINK challenged nearby resistance. Yet transaction size alone cannot distinguish accumulation from distribution without supporting flow data.
Traditional investment products also registered demand. Bitwise Chief Executive Hunter Horsley reported roughly $1.5 million in weekly inflows for the company’s Chainlink ETF. The inflows arrived during broader crypto market weakness, offering another source of interest in LINK exposure.
Chainlink connects smart contracts with external prices, records, and other real-world data. That role supports its use across decentralized finance and tokenized assets. The renewed market activity now places the Chainlink price near a zone that previously limited advances. That test could determine the direction of its next move.
LINK Traders Watch Pullback Entries and the $11 Target
Van de Poppe expects two possible trading setups rather than an immediate market entry. His first scenario depends on Bitcoin making a shallow sweep of recent lows. If Bitcoin avoids a deeper slide toward $61,000, LINK could move below $9.20. He views that area as a possible entry for a move toward $11.
$LINK looks phenomenal.
However, I wouldn't be chasing a trade here.
Personally, I'd be looking at two scenarios.
1 – If the markets are going to stay like they are and #Bitcoin does a slight sweep of the lows, and not a cascade to $61,000, we're likely going to see <$9.20 and… pic.twitter.com/eRCLWjkx04
— Michaël van de Poppe (@CryptoMichNL) August 15, 2026
His second scenario assumes wider crypto weakness. Under that setup, the analyst would consider long positions below $8.60 and hold toward the same $11 target.
The Chainlink price now faces structural resistance near $10.87, close to the analyst’s objective. A breakout above that ceiling would clear the recent range high.
The Relative Strength Index reached 71.89, placing LINK inside commonly watched overbought territory. An elevated RSI reflects strong momentum, but it can also precede cooling or sideways trade. LINK has formed three sizable bullish daily candles.
Another indicator supports the Chainlink price. LINK’s market-value-to-realized-value ratio crossed above its 200-day moving average for the first time in over a year. Similar MVRV golden crosses preceded a 155% rally in November 2024 and an 85% rise in July 2025.
Those historical outcomes provide context, not a forecast. Market structure, Bitcoin direction, and leverage differ across cycles. The Chainlink price also sits 82% below its May 2021 record near $53, despite recent gains.
A rejection around $9.90 or $10.87 could return attention to Van de Poppe’s entry zones. Conversely, firm daily closes above resistance would shift focus toward $11. Futures positioning may amplify either outcome, particularly if Bitcoin breaks its current range during volatile sessions.
The post Chainlink Price Rallies as Volume and Futures Activity Surge appeared first on Blockonomi.

TLDR:
Tokenized Anthropic futures traded between $1,600 and $1,842, implying a $1.6 trillion to $1.842 trillion valuation for the AI company.
Binance’s ANTHROPICUSDT product is a USDT-settled derivative that gives traders price exposure without equity or voting rights.
Compared with Anthropic’s $965 billion May financing, the futures range represents an implied premium of roughly 66% to 91%.
Anthropic has filed a confidential draft S-1, but it has not set an IPO price, share count, offering size, or final timetable.
Tokenized Anthropic futures climbed as high as $1,842 on Binance, implying a $1.84 trillion valuation using the contract’s benchmark share count. The ANTHROPICUSDT pre-IPO perpetual also traded near $1,600, creating a wide valuation range for the private artificial intelligence company.
That range sits 66% to 91% above Anthropic’s $965 billion post-money valuation from May. The move reflects speculative price discovery before a possible IPO, rather than a new official Anthropic valuation. Binance classifies the instrument as a derivative, not company stock. Traders receive no equity, voting rights, or claim on Anthropic’s assets through the contract and can face leveraged losses.
Tokenized Anthropic Futures Trade at a Large Premium
Binance launched ANTHROPICUSDT on June 2 as a USDT-margined pre-IPO perpetual contract. Such contracts let traders take long or short positions around a listing price. They have no expiry date, while funding payments help align market prices with the reference mechanism.
Tokenized Anthropic Rises to $1,800 Range, Implying $1.6T–$1.84T Valuation
Anthropic tokenized asset (ANTHROPICUSDT) listed on Binance Pre-IPO Perpetual Futures has seen active trading, with prices fluctuating between $1,600 and $1,842; based on the contract's estimated… pic.twitter.com/JCoaaIrQHP
— Wu Blockchain (@WuBlockchain) August 15, 2026
The Tokenized Anthropic contract provides synthetic exposure to a private company’s expected public valuation. Therefore, the contract price should not be treated like an executed Anthropic share sale. Anthropic does not sponsor or endorse the product, and Binance does not deliver shares to holders.
According to reports, a trading range is between $1,600 and $1,842. Applying Binance’s estimated benchmark of one billion shares produces an implied Anthropic valuation between $1.6 trillion and $1.842 trillion. This calculation depends on that assumed share count. Anthropic has not disclosed a final IPO share count, offer size, or price.
The comparison with May’s financing illustrates the premium. Anthropic raised $65 billion in a Series H round at a $965 billion post-money valuation. Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital led the financing.
A $1.6 trillion figure exceeds that benchmark by roughly 66%. The $1.842 trillion upper bound represents a premium near 91%. Those percentages measure the derivative’s implied value, not appreciation in transferable Anthropic shares.
Tokenized Anthropic pricing also moves quickly when liquidity changes. Leverage, funding costs, and uneven order books can magnify swings in pre-IPO futures. A small derivatives market cannot establish the same valuation certainty as a priced equity round. It does, however, reveal the levels where participating traders collectively accept risk.
Why Anthropic Pre-IPO Futures Valuation Needs Caution
Anthropic submitted a Form S-1 to the SEC on June 1. The filing gives the company an option to pursue an IPO. Anthropic has not set the offer price or number of shares.
That uncertainty limits comparisons between tokenized Anthropic pricing and a public listing. A final share count could alter the implied market capitalization. The IPO could be delayed, repriced, or canceled, forcing rapid adjustments in the futures contract.
Even so, the range overlaps with expectations on Wall Street. Investors are examining valuations reaching $2 trillion. Bankers are assessing Anthropic against projected revenue and high-growth public companies.
Anthropic reported a $47 billion revenue run rate during its May financing. The company projects $190 billion to $200 billion in 2028 revenue. Using estimates two years away introduces material forecasting risk.
The growth profile helps explain interest in tokenized Anthropic exposure. Claude serves enterprise customers, while Anthropic expands computing capacity across cloud providers. Still, spending on chips, model training, inference, and hiring complicates profit-based valuation methods.
The pre-IPO futures price captures expectations alongside risks. Traders must consider leverage, funding charges, liquidity, and divergence from any IPO price. Binance warns that contracts can move sharply around final offering details.
Tokenized Anthropic cannot confirm what institutions would pay in a completed capital raise. It offers a continuous crypto-market signal built from public information and trader positioning. Anthropic’s $965 billion Series H is its most recent official valuation. Any public offering still depends on market conditions and SEC review.
The post Tokenized Anthropic Futures Imply a $1.84 Trillion Valuation appeared first on Blockonomi.

TLDR:
Ethereum price prediction hinges on a daily close above $1,918 to $1,920, which could unlock $1,960 and the $2,000 level.
Spot Ethereum ETFs recorded a $2.26 million weekly outflow after five inflow weeks had drawn a combined $566.12 million in total.
ETH exchange netflow reached negative $3.48 million, while lower open interest suggests traders are reducing directional exposure.
BitMine holds 5.81 million ETH, or 4.8% of supply, as Tom Lee maintains a $22,000 forecast despite current macroeconomic pressure.
Ethereum price prediction discussions are intensifying as ETH trades near $1,878.72 after its narrowest weekly range of 2026. Buyers repeatedly defended $1,855, while rallies above $1,930 faded. That compression has pushed a symmetrical triangle toward its apex. Meanwhile, spot funds ended a five-week inflow streak with a $2.26 million weekly outflow.
Exchange withdrawals and weak sell pressure offer support, but resistance stays close. The ETH price now needs a decisive close above $1,920 to strengthen the bullish case. Otherwise, a loss of support could shift the Ethereum price prediction toward $1,800 during next week’s trading.
Ethereum Price Prediction Nears Its Decisive Breakout Zone
ETH sits close to its 20-day exponential moving average at $1,882.14. This line tracks short-term momentum. A close above it would improve the setup, although stronger barriers sit around $1,918 and $1,920. The 100-day average and Parabolic SAR converge within that zone.
Ethereum (ETH) Price
The Ethereum price prediction turns more constructive after a confirmed close above this resistance cluster. Such a move could open the triangle’s upper boundary near $1,960. Clearing that level would place the $2,000 psychological mark in focus. The 200-day average near $2,129 offers a target if momentum expands.
ETH price support starts at the 50-day average around $1,864. ETH has Fibonacci support at $1,837, then the triangle floor around $1,800. A break under $1,864 would weaken the structure. Falling through $1,837 could then expose the lower boundary.
The week produced repeated rejections on both sides. Sellers controlled moves toward $1,930, while buyers absorbed declines near $1,855. Confirmation matters more than intraday movement. The Ethereum price prediction needs a closing breakout before either target carries greater weight.
Glassnode data shows Ethereum sell pressure has reached its lowest recorded level. The reading sits below the 2022 bear-market bottom, although final capitulation remains possible. That signal suggests exhaustion, not a guaranteed floor.
Ethereum sell pressure. Source: Glassnode
ETF Outflows Meet BitMine Accumulation and Macro Pressure
Ethereum ETF flows turned negative for the week ending August 14. Spot funds registered a $2.26 million net outflow after five positive weeks. The prior five weeks attracted $566.12 million, led by $244.94 million through August 7. Every product recorded zero daily flow on August 14.
Cumulative ETF inflows stand near $11.45 billion, while net assets equal $10.52 billion. The reversal looks small beside the prior inflows. Nevertheless, another negative week could reduce institutional support around the triangle breakout. The Ethereum price prediction would then rely more heavily on spot demand.
Spot exchange netflow reached negative $3.48 million on August 15. More ETH moved away from exchanges than arrived, creating a constructive supply signal. Meanwhile, derivatives volume rose 12.04% to $26.12 billion. Open interest fell 1.37% to $25.44 billion as traders reduced exposure.
Liquidations totaled $10.60 million over 24 hours. Long positions accounted for $7.39 million, compared with $3.20 million for shorts. That imbalance shows buyers absorbed more forced closures while the ETH price stayed compressed.
Source: Coinglass
Interest-rate concerns and wider macro risks still compress crypto valuations. Macroeconomic conditions also shape the Ethereum price prediction. Easing financial conditions could improve demand, while further tightening may pressure speculative assets.
BitMine offers an institutional demand signal. The company reported 5.81 million ETH, representing 4.8% of Ethereum’s 120.7 million supply. It aims to raise that holding to 5%. BitMine has also staked about 5.07 million ETH through its network. Combined holdings reach a reported $11.6 billion.
Chairman Tom Lee forecasts ETH at $22,000 within several years. His longer-term forecast spans $62,000 to $250,000. Neither projection represents the current technical base case. Lee links that view to stablecoin growth, tokenized assets, decentralized applications, and rising institutional use.
The post Ethereum Price Prediction Tests $2,000 After ETF Streak Ends appeared first on Blockonomi.

TLDR:
Cosmostation Wallet will discontinue most features starting September 1, 2026, across all platforms.
Only recovery phrase and private key export functions will remain available after the cutoff date.
As a non-custodial wallet, user assets stay on-chain and are unaffected by the shutdown.
Cosmostation has operated since 2018, ranking second in the Cosmos ecosystem by market share.

Cosmostation Wallet, the second-largest wallet by market share in the Cosmos ecosystem, will discontinue its services beginning September 1, 2026.
The team behind Cosmostation confirmed that only seed phrase and private key export functions will remain active going forward.
Every other feature across iOS, Android, and Chrome extension versions will be phased out gradually, ending an application that has served the interchain community since 2018.
Cosmostation Wallet Shutdown Timeline
Cosmostation confirmed the discontinuation through an official notice shared on its X account. The wallet provider stated that the decision came after careful internal consideration and did not come easily for the team.
Cosmostation thanked its user base for years of trust and support that allowed the platform to grow across multiple blockchain networks.
Cosmostation Wallet Service Discontinuation Notice
After careful consideration, we have decided to discontinue Cosmostation Wallet.
We sincerely thank everyone who has used the Cosmostation Wallet over the years. Your trust and support have enabled Cosmostation Wallet to grow…
— Cosmostation Wallet (@IBCwallet) August 14, 2026
Starting September 1, 2026, Cosmostation Wallet will support only two core functions. Users will still be able to export their recovery phrases and export their private keys.
All remaining wallet features, including staking, governance participation, and asset management tools, will be removed in stages during this period.
The company noted that it continues to hold long-term confidence in blockchain technology and the wider interchain ecosystem.
Cosmostation added that it hopes to keep contributing to the space through other initiatives going forward. No successor product or replacement wallet was named in the announcement.
Cosmostation ranks as the second-largest wallet in the Cosmos network by market share, trailing only the leading provider. Its closure removes one of the more established tools available to Cosmos-based users since the wallet launched in 2018.
User Backup Requirements for Non-Custodial Assets
Cosmostation operates as a non-custodial wallet, meaning user assets remain on their native blockchains rather than being held by Cosmostation itself.
This structure means funds are not directly affected by the shutdown, provided users retain access to their credentials.
The Cosmostation team urged all current users to securely back up their recovery phrase or private key before the September 1 deadline. Anyone holding assets through the wallet must complete this step to avoid losing access later.
Once a user has saved their recovery phrase or private key, funds can be imported into another compatible wallet supporting Cosmos-based assets.
This process allows continued access to existing holdings even after Cosmostation’s application is fully retired.
Cosmostation confirmed that once the wallet is completely discontinued, access to its applications will no longer be available at all.
The company reiterated that early backup remains the only way to guarantee uninterrupted access to funds stored through the platform.
The post Cosmostation Wallet Set to Shut Down Operations Starting September 1 appeared first on Blockonomi.

TLDR:
Galaxy Research lowers CLARITY Act 2026 passage odds to just 10% amid Senate gridlock.
Unresolved ethics rules and bank lobbying stalled bipartisan momentum from May’s committee markup.
SEC advances Reg Crypto and the Innovation Exemption as legislative prospects continue to fade.
CFTC moves to assert jurisdiction over prediction markets amid overlapping state and federal lawsuits.

Galaxy Research now places the odds of CLARITY Act passage in 2026 at just 10 percent. The firm points to stalled Senate negotiations and unresolved ethics disputes as key drivers.
Regulators at the SEC and CFTC are moving to fill the resulting gaps through administrative action instead.
Senate Gridlock Stalls CLARITY Act Momentum
Galaxy Research notes that the CLARITY Act cleared the Senate Banking Committee in May with bipartisan backing.
That markup fueled expectations of a floor vote before the August recess began on August 7. Those expectations have since collapsed under mounting political pressure.
The firm identifies unresolved ethics controls as a central obstacle to progress. Lawmakers could not agree on rules governing officials’ crypto involvement despite sustained bipartisan effort. Community bank lobbying also weakened Republican support as the summer wore on.
Galaxy Research points to a separate fight over developer protections as another complicating factor. Illicit finance hawks pushed to narrow protections under the Blockchain Regulatory Certainty Act. Some law enforcement groups later softened that stance, easing fears the issue would sink the bill entirely.
Galaxy Research: Odds of CLARITY Act Passage This Year Decline
Galaxy Research stated that the likelihood of the U.S. crypto market structure bill, the CLARITY Act, passing in 2026 is declining. Uncertainty surrounding the legislation has prompted the SEC and CFTC to accelerate… pic.twitter.com/J7psdruD6l
— Wu Blockchain (@WuBlockchain) August 15, 2026
Alex Thorn, Head of Firmwide Research at Galaxy, wrote that “CLARITY is now much more about politics than policy.” Senate Majority Leader John Thune declined to call a vote before recess began. He has since noticed an initial vote for when the Senate reconvenes on September 14.
SEC Exemptions Advance as Legislative Odds Fade
Galaxy Research links the SEC’s renewed activity directly to the CLARITY Act’s declining prospects. The agency has moved toward releasing Reg Crypto, covering primary issuance of cryptoassets to the public. It has also advanced the Innovation Exemption, covering secondary trading of tokenized securities in DeFi.
The firm notes that reports of an imminent release have surfaced and stalled repeatedly since May. Pushback from the traditional securities industry contributed to earlier delays at the Commission. A Thursday notice about the SEC’s Friday open meeting suggested Reg Crypto was again nearing release.
Galaxy Research argues the SEC previously slowed these exemptions to avoid disrupting Senate talks on the CLARITY Act.
With the bill’s momentum diminished, the agency now appears freer to act on its own timeline. Commissioner Hester Peirce’s planned November exit may also be adding urgency internally.
The firm expects the Innovation Exemption to operate as a time-limited sandbox for onchain securities trading. Thorn described CLARITY Act passage this year as requiring nothing short of “magic.” Galaxy Research anticipates the sandbox process will draw substantial litigation from traditional finance stakeholders.
CFTC Jurisdiction Fight Adds to Regulatory Patchwork
Galaxy Research frames the CFTC’s prediction market push as part of the same regulatory scramble. The agency argues these contracts qualify as swaps under the Commodities and Exchange Act. That stance has put it in direct conflict with state-level regulators.
This week, the CFTC issued an emergency order countering New York Attorney General Letitia James. James had sought a nationwide restraining order blocking Kalshi from offering certain event contracts. Her request extended beyond sports betting to elections and broader cultural events.
Galaxy Research situates the order within months of overlapping litigation involving states, platforms, and the agency.
Some disputes concern event contracts broadly, while others target sports-specific offerings. All of them turn on the question of state versus federal regulatory authority.
Thorn added that the industry remains “poised for exciting times and a positive regulatory environment ahead even without CLARITY.” Galaxy Research still expects both agencies to keep outpacing Congress through the rest of 2026.
The post Galaxy Research Cuts CLARITY Act 2026 Odds to 10% as SEC, CFTC Step In appeared first on Blockonomi.

TLDR:
Bitcoin supply now exceeds 20.07 million BTC, placing about 95.57% of the protocol maximum into theoretical circulation today.
Bitcoin apparent demand improved by about 240,000 BTC since early June, but its negative reading still signals incomplete absorption.
BTC trades near $63,000 inside a projected $58,000 to $67,000 range, with $65,000 and $67,000 acting as upside tests for buyers.
U.S. spot Bitcoin ETFs posted $57.63 million in net outflows on August 14, extending withdrawals to a third consecutive session.
Bitcoin supply has crossed 20.07 million coins, leaving fewer than 930,000 BTC before the network reaches its programmed limit. Bitcoin recently traded close to $62,925, gaining about 0.2% during the session. Its intraday range stretched from $62,538 to $63,165, reflecting restrained momentum around the $63,000 level.
The milestone arrives while Bitcoin apparent demand shows a substantial improvement from early June. Still, the indicator remains below zero, meaning structural accumulation has not fully absorbed available issuance. Binance founder Changpeng Zhao highlighted the milestone. Meanwhile, market watchers focused on lost coins, ETF withdrawals, and nearby price boundaries for the remainder of August.
Bitcoin BTC Price
Bitcoin Supply Nears Its Programmed 21 Million Ceiling
Newhedge network data places circulating supply at 20,070,465.625 BTC. That equals about 95.57% of the fixed 21 million maximum. Around 929,534 BTC therefore remains for future block rewards.
Blockchain.com explains that the theoretical reward schedule calculates circulating Bitcoin. It also notes that some coins are permanently lost or unspendable through forgotten keys, invalid addresses, or script errors. Consequently, mined supply does not equal liquid or accessible supply.
Zhao estimated that 10% to 20% of existing coins may be lost or stuck. That estimate would reduce effective availability by roughly 2.01 million to 4.01 million BTC. The exact amount cannot be verified on-chain since dormant coins can move after long intervals.
Bitcoin surpassed 20.07 million coins mined as of August 2026, leaving only 4.4% more supply.
I'd estimate 10-20% of existing bitcoins are lost/stuck/unrecoverable. It's a deflationary asset.
— CZ BNB (@cz_binance) August 15, 2026
Bitcoin supply grows by 3.125 BTC for each valid block. With blocks averaging roughly ten minutes, issuance runs near 450 BTC daily. The protocol halves that subsidy every 210,000 blocks, or approximately every four years.
The 2024 halving lowered rewards from 6.25 BTC, strengthening the asset’s disinflationary issuance path. The final fractions are expected around 2140, although most Bitcoin supply will enter circulation much earlier. This pattern makes the 20.07 million threshold symbolic, not a sudden supply shock.
The Bitcoin supply milestone also differs from a shortage. Available BTC changes with holder behavior, exchange balances, miner sales, and institutional flows.
Apparent Demand Improves While BTC Holds Its Range
CryptoQuant analyst Darkfost noted apparent demand improved to negative 32,000 BTC from negative 272,000 BTC in early June. The 240,000 BTC shift marks progress, but demand still trails the amount entering active supply.
Source: CryptoQuant
The metric compares newly mined coins with changes in supply inactive for more than one year. A negative reading indicates structural holding is insufficient to absorb fresh or reactivated coins. Darkfost saw comparable improvements in February and May before demand weakened again.
He also linked part of the improvement to reduced average mining production amid a hash-rate pullback. Lower issuance can improve the measure without a matching expansion in spot buying. Sustained readings above zero would provide clearer confirmation of accumulation.
Meanwhile, U.S. spot Bitcoin ETFs recorded $57.63 million in net outflows on August 14. BlackRock’s IBIT accounted for $55.51 million, while Fidelity’s FBTC shed $6.84 million. Bitwise’s BITB drew $6.14 million, partly offsetting those withdrawals.
The withdrawals marked a third straight session of net ETF outflows. They contrast with Bitcoin’s apparent demand’s improvement, showing that one on-chain measure does not capture every source of buying. ETF flows can change daily and need broader trend confirmation.
Trader Tanaka assigns a 50% probability to continued trading between $58,000 and $67,000 during August. The analyst expects most activity between $60,000 and $65,000. This base case matches the recent consolidation around $63,000.
How I’m looking at $BTC rn: 3 possible scenarios $BTC is currently trading around $63K, and I’m looking at 3 main scenarios for the rest of Aug.
[1] Sideways: 50%
This is still my base case. I expect BTC to keep ranging between $58K–$67K, with most of the action around… pic.twitter.com/Z7jiAIP724
— Tanaka (@Tanaka_L2) August 15, 2026

A clean break below $58,000 to $60,000 would shift focus toward $52,000 to $55,000 in Tanaka’s bearish scenario. Conversely, Bitcoin must reclaim $65,000 and clear $67,000 to $68,000 with stronger volume. The BTC price currently remains inside that wider range. Negative demand now narrows as Bitcoin supply rises at its programmed pace.
The post Bitcoin Supply Crosses 20.07 Million as Demand Deficit Narrows appeared first on Blockonomi.

TLDR:
The France tax data leak affected 678,000 individual and professional accounts, exposing tax and cadastral information in France.
Stolen records include reference income, tax rates, company identifiers, property addresses, and property surface-area records.
Officials say taxpayer portals, usernames, and passwords stayed secure, while investigators continue measuring the stolen data.
Bitcoin holders face possible phishing and impersonation risks, although officials have found no exposed wallet keys or balances.
The France tax data leak exposes personal and financial records tied to 678,000 individuals and professional accounts. The French Finance Ministry confirms attackers accessed tax systems during separate intrusions in June and July 2026. Stolen fields include reference taxable income, family quotient figures, withholding rates, company names, and SIREN identifiers. Attackers also viewed cadastral records covering property addresses and surface areas.
The breach creates risks for Bitcoin holders, including convincing phishing attempts and physical targeting. Yet officials have not confirmed that the stolen files identify cryptocurrency owners or reveal wallet credentials. That distinction matters as investigators measure the exposed data.
How the France Tax Data Leak Exposed 678,000 Records
A person using the alias ZeroBytes advertised the stolen records on a cybercrime forum on August 12. The seller offered the database without publishing a price, raising concern that fraud groups could buy detailed profiles. The France tax data leak first emerged after the actor publicized the intrusion, not when officials cut access.
The Finance Ministry says identity theft enabled unauthorized access through a DGFiP employee and an approved third party. Officials ended access for every linked account after detecting the incidents. Their access checks missed the extraction, which the ministry attributes to the attack’s sophistication.
This taxpayer data breach covers individuals and businesses. Files may include reference income, household tax status, withholding rates, company names, and registration numbers. The intruders consulted cadastral information covering property addresses and sizes during the breach.
Le Monde reviewed a sample containing home addresses, phone numbers, tax details, dependents, and administrative contacts. Criminals can tailor messages using genuine income or property facts rather than relying on generic phishing scripts.
The ministry says taxpayer and business portals stayed secure. The attackers did not compromise taxpayers’ usernames or passwords. This limits direct account takeover, although the stolen identity data can still support impersonation elsewhere.
France has notified the CNIL and involved ANSSI in the investigation. Officials also introduced extra restrictions and preventive access cuts for sensitive systems. DGFiP plans to contact affected people and businesses directly by email or post next week.
The France tax data leak remains under investigation, with authorities still assessing the exact records removed. DGFiP plans a criminal complaint and further disclosures.
Why Bitcoin Holders Face More Targeted Security Risks
The France tax data leak does not expose private keys under the ministry’s findings. Still, identity, income, and address records can sharpen social engineering against Bitcoin holders. A caller could cite real tax details while impersonating DGFiP, a bank, or crypto platform.
Cybermalveillance has documented calls from fake crypto employees and bank fraud teams. Those callers seek seed phrases, passwords, card details, identity documents, or approval for fraudulent transfers. Some impersonate police, customs officers, gendarmes, or magistrates to create urgency and authority.
That pattern makes the taxpayer data breach a broader Bitcoin security issue. Detailed profiles may help criminals rank targets by income, property, and likely assets. Still, no public evidence currently shows the France tax data leak contains Bitcoin balances or wallet addresses.
French guidance urges distrust of unsolicited messages concerning compromised accounts. People should independently contact the named organization through its official website or verified account portal. Authorities never request seed phrases, remote device control, or crypto transfers to “secure” funds.
Bitcoin security risks can extend beyond online theft. Cybermalveillance says criminals have threatened or assaulted crypto owners and relatives during cases. French forces also received reports of kidnappings and confinement incidents in January 2026.
The post France Tax Data Leak Exposes 678,000 Accounts to New Fraud Risk appeared first on Blockonomi.

TLDR:
XRP whale inflows to Binance fell to $61M, the lowest since 2021 and nearly 87% below January 2025 levels.
Bank of America held 13,260 XRPI shares in Q2, up 260 shares, or roughly 2%, from the first quarter.
Binance XRP netflows stayed positive at $18.8M, showing inflows still exceeded outflows despite the slowdown.
XRP Ledger active addresses rose 84% to 43,543 by August 11, while XRP traded near the key $1.06 level.
XRP is showing two contrasting signals as exchange-bound whale activity falls sharply while Bank of America slightly increases exposure through a regulated futures product. The combination highlights weaker large-holder deposits on Binance alongside a measured increase in institutional securities exposure tied to the token.
CryptoQuant contributor Darkfost said Binance’s 90-day average whale inflows fell to about $61 million, the lowest level since 2021. Meanwhile, an August 14 filing showed Bank of America held 13,260 shares of the Volatility Shares XRP ETF at June 30.
Whale Deposits Fall Sharply While XRP Holds Near $1
The current $61 million average marks a steep decline from roughly $456 million in January 2025 and $355 million in October. That places recent inflows about six to seven-and-a-half times below those earlier levels.
The decline also extended a trend visible in July, when the 90-day average stood near $69 million. Moving from $69 million to $61 million represents an additional decrease of roughly 12%.
Earlier data also showed large daily deposits collapsing from 583 million XRP to 25.3 million XRP. Separately, the 30-day sum of whale inflows fell 34.4%, from 1.445 billion tokens to 947.4 million.
$XRP whale inflows on Binance drop to their lowest since 2021
There's an interesting development currently taking place regarding Binance's whales on XRP.
Their inflows, averaged here over 3 months to get a clean read on the trend, just hit their lowest level since 2021.… pic.twitter.com/kY2FRFtHVM
— Darkfost (@Darkfost_Coc) August 15, 2026
Exchange inflows are often monitored because large deposits can increase potential sell-side supply. However, deposits do not confirm completed sales, so lower inflows do not establish whale accumulation.
That distinction remains important as Binance netflows were still positive at about $18.8 million, according to Darkfost. Therefore, whale-related deposits continued exceeding withdrawals despite the broader decline in inflow activity.
At the same time, network usage increased. Active XRP Ledger addresses rose from 23,642 on August 1 to 43,543 by August 11, an increase exceeding 84%.
Even so, higher address activity did not provide direct evidence of fresh capital entering the market. At press time, XRP traded near $1.06, keeping the $1 level central to current price structure.
Bank of America Raises XRPI Position by 2% in Q2
Against that market backdrop, Bank of America reported a modest increase in its XRP-linked ETF holding for the second quarter. The filing showed 13,260 shares, compared with 13,000 shares reported during the first quarter.
BANK OF AMERICA just showed up on the XRP ETF cap table
Fresh 13F-HR filed today discloses a 13,260 share position in a Volatility Shares XRP ETF.
Wall Street's biggest names are quietly stacking $XRP https://t.co/iBP9RmFljJ pic.twitter.com/gSQlFhHN69
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) August 15, 2026
That increase equals 260 shares, or about 2%. The disclosure therefore reflects an expanded existing position rather than a new entry into the product.
The fund, ticker XRPI, is the Volatility Shares XRP ETF and began trading on Nasdaq in May 2025. It seeks returns generally corresponding to the token’s performance.
However, XRPI is futures-based and does not hold the cryptocurrency directly. Bank of America’s position therefore represents indirect exposure through a regulated security.
Together, the two developments present a factual contrast. Whale inflows to Binance are at their weakest level since 2021, while Bank of America modestly increased its ETF position.
Neither signal establishes a broader trend by itself. However, the data shows exchange-side selling pressure easing while regulated institutional exposure increased slightly during the second quarter.
The post XRP Whale Inflows Hit 2021 Low as Bank of America Adds ETF Stake appeared first on Blockonomi.

Key Highlights
Micron shares finished Friday’s session at $970.20, gaining 2.3% in the fourth consecutive day of positive momentum
Industry analysts at KeyBanc project DRAM pricing gains of 15%-20% and NAND flash increases of 30%-40% for Q3
The company delivered Q3 earnings per share of $25.11, surpassing analyst expectations of $21.39, alongside 346% revenue growth year-over-year
UBS analysts established a $1,625 price objective; the Street’s average target stands near $1,260 with predominantly bullish ratings
New Street Research elevated its rating to “Buy,” forecasting Micron could achieve a $2-$3 trillion market capitalization before 2030
Shares of Micron Technology (MU) concluded Friday’s trading session at $970.20, representing a 2.3% daily advance and extending the stock’s winning streak to four consecutive sessions. The memory chip manufacturer has accumulated a 12% gain throughout the past month, despite trading well below the late June high that exceeded $1,200 per share.
Trading commenced Friday at $971.66. The stock’s 52-week trading range spans from $113.46 on the lower end to $1,255.00 at the peak, while the company commands a market capitalization of approximately $1.10 trillion.
Market enthusiasm for memory semiconductor stocks has intensified following optimistic long-range projections from Sandisk earlier this week. SK Hynix American Depositary Receipts similarly posted a modest 0.4% increase, reaching $166.33 during the same trading period.
Memory chip pricing dynamics are fueling the optimistic outlook. KeyBanc analysts anticipate DRAM prices will climb between 15% and 20% during the third quarter compared to Q2 levels, with an additional 15% appreciation projected for the fourth quarter. NAND flash memory is expected to experience even steeper gains, with Q3 prices forecast to surge 30% to 40%, followed by another 15% quarterly increase.
Quarterly Performance Exceeds Expectations
Micron’s latest earnings release on June 24 revealed earnings per share of $25.11, substantially exceeding the consensus forecast of $21.39 by $3.72. The company generated $41.46 billion in revenue, crushing analyst estimates of $35.91 billion and marking a remarkable 346% year-over-year surge.
The company achieved a return on equity of 71.13% with a net profit margin of 55.91%. Management provided fourth-quarter 2026 guidance calling for earnings per share between $30 and $32.
Wall Street Raises Price Objectives
Financial analysts have progressively increased their price targets for the semiconductor stock. UBS analyst Timothy Arcuri established a $1,625 objective, applying an 11x forward multiple to his 2029 earnings projection. Arcuri emphasized this valuation reflects the company’s sustainable earnings capacity supported by long-term customer contracts.
Wells Fargo elevated its price target from $1,220 to $1,525 while maintaining an “overweight” recommendation. Raymond James upgraded its objective from $1,100 to $1,500 alongside an “outperform” rating. Cantor Fitzgerald maintained its “overweight” stance with a $1,500 target price.
New Street Research upgraded Micron from “Neutral” to “Buy” with a $1,250 price target, contending that artificial intelligence applications are fundamentally reducing the cyclical nature of memory demand. The research firm projects the company could command a market capitalization between $2 trillion and $3 trillion by decade’s end.
Among 38 Wall Street analysts covering the stock, the consensus recommendation stands at “Buy” with an average price target of $1,259.97. The breakdown includes four “Strong Buy” ratings, 32 “Buy” ratings, and two “Hold” ratings.
Micron announced the creation of a $250 million Micron Ventures Paradigm Fund this week, dedicated to investments spanning the artificial intelligence technology ecosystem, including model development, computing infrastructure, and enterprise software applications.
Among institutional investors, Accurate Wealth Management substantially expanded its Micron holdings during the second quarter, increasing its position by 98% to 7,452 shares valued at approximately $8.6 million. Institutional ownership collectively represents 80.84% of outstanding shares.
Several headwinds persist. China’s YMTC has surpassed Micron in NAND flash shipment volumes, while the company’s new $9.3 billion fabrication facility won’t commence chip production until 2028. Notable investor Michael Burry has expanded bearish trading positions related to Micron.
Chief Executive Officer Sanjay Mehrotra divested 31,285 shares on July 24 at an average execution price of $926.83, decreasing his ownership position by 9.08%. Company insiders have collectively sold 162,179 shares valued at roughly $167.8 million during the trailing 90-day period.
From a technical analysis perspective, market watchers identify approximately $1,012 as a significant near-term resistance threshold worth monitoring.
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Key Takeaways
Shares of MRVL settled at $222.02, posting a remarkable 161% gain year-to-date on surging AI semiconductor and networking equipment sales
A 14% volatility expectation surrounds the upcoming Q2 fiscal 2027 earnings release scheduled for August 27
Analyst consensus calls for quarterly earnings of $0.93 per share (39% annual increase) alongside $2.71 billion in sales (35% growth)
Goldman Sachs elevated its target to $195 while maintaining a Hold stance, pointing to the stock’s premium 54.85x forward earnings multiple
The Street maintains a Strong Buy rating overall, with average targets at $271.33 suggesting 22% potential appreciation
As Marvell Technology (MRVL) prepares to unveil its second-quarter fiscal results on August 27, options activity reveals significant uncertainty. Market participants are bracing for approximately a 14% price movement in either direction—translating to roughly $30 per share—once numbers hit the tape.
The semiconductor manufacturer wrapped Friday’s session at $222.02. Shares have skyrocketed over 161% since January, propelled by robust appetite for its specialized artificial intelligence processors and optical networking solutions.
This 14% implied volatility exceeds Marvell’s typical post-announcement movement of approximately 12% over the previous four quarters. Historical reactions have varied considerably, spanning from modest 3% shifts to dramatic swings approaching 19%.
Street Forecasts Point to Accelerating Growth
The analyst community anticipates second-quarter fiscal 2027 profits of $0.93 per share, marking a substantial 39% increase versus the year-ago period. Revenues are projected to reach $2.71 billion, representing approximately 35% annual expansion.
Expectations are elevated. Marvell’s most recent quarterly performance featured $2.42 billion in sales, climbing 27.6% year-over-year, accompanied by adjusted earnings of $0.80 that matched Street estimates precisely.
Goldman Sachs equity researcher James Schneider boosted his valuation target on MRVL to $195 from $180 in advance of the report while maintaining his Hold recommendation. He suggests market participants will scrutinize Marvell’s data center business trajectory, cloud provider infrastructure investments, and optical networking product traction.
Schneider also highlighted investor interest in potential announcements regarding an additional custom AI chip partnership and whether management elevates its sales outlook for calendar 2026 and 2027.
MRVL currently commands a forward price-to-earnings ratio of 54.85x, substantially exceeding the sector median of 24.37x and its own five-year historical average of 37.48x. This valuation premium provides minimal cushion for disappointment or conservative forward guidance.
Big Money Continues Accumulating Shares
Multiple institutional portfolios expanded their MRVL allocations during the second quarter. Zevenbergen Capital Investments initiated a fresh position valued at approximately $26.7 million. Decker Retirement Planning acquired 23,459 shares worth around $6.99 million. Aaron Wealth Advisors boosted its holdings by nearly 45%.
Institutional ownership now represents 83.51% of Marvell’s total shares outstanding.
Conversely, company executives divested 34,481 units totaling approximately $7.98 million during the recent quarter. Chief Financial Officer Daniel Durn offloaded 2,250 shares in June at an average price of $281.01. These transactions occurred through predetermined 10b5-1 trading arrangements, predominantly to satisfy tax liabilities associated with equity compensation vesting.
Nvidia’s $2 billion capital commitment to Marvell continues attracting attention as a strong endorsement of its AI semiconductor development pipeline.
The broader analyst landscape maintains an optimistic outlook. Wall Street consensus stands at Strong Buy with 24 Buy recommendations and five Hold ratings. Average price objectives rest at $271.33, implying approximately 22% upside from present trading levels. Select bullish targets extend as high as $365.
Company management established its own Q2 guidance band at $0.88 to $0.98 in earnings per share entering this announcement.
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Key Highlights
USA Rare Earth finalized its acquisition of Texas Mineral Resources on Thursday, closing a transaction initially announced March 4, 2026
Shares of USAR rose 7.5% to $20.00, bringing year-to-date gains to 56% with a total market capitalization of $4.55 billion
Former Texas Mineral Resources investors received 0.043279843 USAR shares for every share owned
Wall Street analysts maintain strong support with nine Buy ratings and an average price target of $35.83; Northland Securities projects $45
Second quarter 2026 revenue totaled $5.82 million, falling short of the $8 million analyst forecast; EPS loss of $0.15 exceeded the anticipated $0.07 loss
Shares of USA Rare Earth (USAR) advanced 7.5% to $20.00 during Friday’s trading session, reaching an intraday peak of $20.50. The rally followed the company’s announcement that it successfully closed its acquisition of Texas Mineral Resources Corp.
The transaction, first unveiled on March 4, 2026, unfolded through a dual-step merger process. Initially, a fully controlled subsidiary of USA Rare Earth combined with Texas Mineral Resources. Subsequently, another subsidiary merged with the resulting company.
Shareholders of Texas Mineral Resources obtained 0.043279843 shares of USAR for every share in their possession. The conversion ratio was calculated using 88,339,693 fully diluted Texas Mineral Resources shares outstanding at closing. Any fractional shares were settled in cash.
The distribution of USAR shares to previous Texas Mineral Resources stakeholders received registration approval under the Securities Act of 1933. The company’s Form S-4 registration statement gained effectiveness on June 29, 2026.
Friday’s upward momentum extended beyond the merger announcement. The broader rare earth sector experienced positive movement, with MP Materials advancing 8% and NioCorp posting approximately 3% gains. Growing investor focus on domestic critical mineral infrastructure fueled the sector-wide rally.
Wall Street Outlook
USAR continues to receive favorable coverage from Wall Street analysts. Nine of the ten analysts tracking the company maintain Buy recommendations. The average price target stands at $35.83, representing significant upside from the current $20.00 level.
Northland Securities maintained its Outperform designation alongside a $45 price objective. The firm projects USAR achieving approximately neutral earnings by fiscal year 2028. Benchmark Co. sustained its Buy recommendation. Cantor Fitzgerald confirmed its Overweight stance with a $40 target price.
Some analysts have expressed caution. Roth Capital reduced its price objective from $40 to $30, while maintaining a Buy rating. Weiss Ratings issued a downgrade to “sell (d-).” Canaccord Genuity increased its target from $29 to $32.
Second Quarter Results Fall Short
USAR disclosed its Q2 2026 financial results on August 10. Revenue totaled $5.82 million, significantly trailing the $8 million Wall Street projection.
The company posted an EPS loss of $0.15, missing the $0.07 consensus estimate. Wall Street anticipates a full-year EPS loss of $0.47. The company continues to operate at a loss.
Regarding insider transactions, Director Carolyn Trabuco divested 13,000 shares on June 8 at $22.77 per share, decreasing her holdings by 40.9%.
Multiple institutional investors have been building positions. Weiss Asset Management established a fresh stake valued at approximately $17.1 million during Q1. Encompass Capital Advisors initiated a position worth roughly $7 million. Swiss National Bank increased its holdings by 67.6% in the same quarter.
USAR has gained 56% since the beginning of the year. The stock’s 50-day moving average registers at $18.91, while the 200-day moving average sits at $20.45. The company maintains a beta of 2.55.
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Key Points
Stripe, partnering with Advent International, has renewed discussions to purchase PayPal
PayPal declined an opening proposal of $60.50 per share submitted in July, deeming it insufficient
Negotiations are ongoing for an improved valuation, with a potential agreement anticipated within weeks
Shares of PYPL increased approximately 2% Friday after The Wall Street Journal disclosed the development
The company’s current valuation stands near $53 billion, a dramatic decline from its 2021 zenith exceeding $280 billion
Preliminary acquisition discussions involving PayPal have surfaced, with fintech powerhouse Stripe and private-equity player Advent International emerging as prospective buyers, The Wall Street Journal reports.
The consortium initially approached PayPal in July with a bid of $60.50 for each share. Company leadership rejected the proposal, characterizing the valuation as inadequate. Since then, both parties have engaged in negotiations aimed at reaching a more favorable price point.
While a transaction could materialize within the next several weeks, sources caution that no definitive agreement has been reached.
Following news of the renewed talks, PYPL shares advanced 1.8% during Friday’s trading session, bringing the company’s market capitalization to approximately $53 billion. Notably, the July proposal at $60.50 per share would have valued PayPal at roughly the same figure.
Prior to July’s buyout approach, PayPal’s shares were languishing near multi-year lows, with its market capitalization hovering around $40 billion. This represents a dramatic reversal from the company’s 2021 pinnacle, when shares exceeded $300 and the firm commanded a market value surpassing $280 billion.
William Blair analysts characterized the $60.50 proposal as a “lowball offer” and expressed skepticism regarding the strategic rationale behind such a combination.
Company Transformation Initiatives
PayPal has faced mounting challenges as its flagship branded payment solution lost market share to competitors including Apple Pay, Google Pay, Shopify, and installment payment providers such as Affirm.
Share prices have plummeted approximately 80% from pandemic-era peaks. The downturn was fueled by consecutive earnings guidance reductions, disappointing financial results, and contracting profit margins.
Enrique Lores assumed the chief executive position in March 2026, succeeding Alex Chriss following a profit warning that triggered board concerns about the sluggish recovery trajectory.
Lores, who previously led HP, reorganized PayPal’s operations into three distinct business segments and announced an accelerated commitment to integrating artificial intelligence capabilities.
During the company’s latest quarterly disclosure, PayPal highlighted encouraging performance in Venmo, Braintree, its debit card offering, and installment payment solutions as indicators of future potential.
Lores indicated at the time that while PayPal remains committed to its transformation strategy, management would “evaluate all opportunities to maximize shareholder value.”
Background on the Prospective Acquirers
Stripe operates as a privately-held payment processing platform established by siblings Patrick and John Collison. The company achieved a $159 billion valuation earlier this year, with prominent backing from Sequoia Capital and other investors.
Advent International, headquartered in Boston, oversees assets exceeding $90 billion and concentrates its investment activities across financial services, technology, healthcare, and consumer industries.
PayPal has drawn acquisition interest from several prominent technology companies and private-equity firms throughout the past year, attracted by its extensive customer network and valuable transaction intelligence. However, none of those earlier explorations culminated in a formal transaction.
Current Wall Street consensus places PYPL at a Hold rating, derived from four Buy recommendations, 21 Hold ratings, and two Sell opinions issued during the most recent three-month period. The consensus price target of $58.36 suggests potential downside of approximately 5% from present trading levels.
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Key Takeaways
BYND shares climbed more than 10% following the execution of a 1-for-30 reverse stock split on Friday.
The consolidation was necessary to comply with Nasdaq’s minimum $1.00 bid price threshold ahead of the August 31 compliance deadline.
The split consolidated 30 pre-existing shares into a single share, while authorized shares dropped from 3 billion to 100 million.
TD Cowen’s Robert Moskow adjusted his price target upward to $15, maintaining the same 2x EV/sales valuation methodology.
The stock hovers close to its 52-week low of $12.00, with TipRanks technical indicators showing a Sell rating on a one-day basis.
Shares of Beyond Meat (BYND) surged more than 10% on Friday after the plant-based protein company finalized its 1-for-30 reverse stock split. The stock climbed 12.69% to reach $13.76 during trading, hovering near its 52-week low point of $12.00.
The consolidation took effect during after-hours trading on Thursday evening, with split-adjusted shares beginning to trade at Friday’s opening bell under the unchanged BYND ticker symbol.
According to the split terms, each group of 30 pre-existing common shares was automatically combined into a single share. Any fractional shares resulting from the consolidation were rounded upward to the next whole share.
The company simultaneously reduced its authorized common stock from 3 billion shares to 100 million. All exercise prices and conversion mechanisms for existing warrants and convertible debt instruments were proportionally modified to reflect the new structure.
The primary driver behind this corporate action was regulatory compliance. Nasdaq’s listing requirements mandate that stocks sustain a minimum closing bid price of $1.00 per share for at least 10 consecutive trading days. Beyond Meat faced an August 31 compliance deadline to satisfy this requirement.
Company leadership characterized the reverse split as an essential measure to maintain its position on the Nasdaq Global Select Market and ensure continued accessibility for institutional and retail investors.
Extended Period of Revenue Contraction
This reverse split follows an extended period of operational challenges for the plant-based meat producer. Consumer appetite for alternative protein products has diminished considerably, resulting in revenue declines across both retail grocery and foodservice segments.
The organization found itself managing surplus inventory, elevated operational expenses, and compressed profit margins following aggressive promotional campaigns. Multiple new product introductions struggled to resonate with target consumers.
Beyond Meat has revised its financial projections downward on numerous occasions throughout the past 24 months. Its third-quarter 2026 revenue forecast of $60 million to $65 million came in below analyst consensus estimates.
The firm maintains approximately $323.8 million in aggregate debt obligations against roughly $186 million in available cash reserves. This leverage creates additional challenges as management works to restore operational stability.
Ongoing legal conflicts with contract manufacturers and questions surrounding inventory accounting procedures have further eroded shareholder sentiment.
Wall Street Perspective
Following the split execution, TD Cowen analyst Robert Moskow increased his price objective to $15. This revision accounts for the elevated post-consolidation share price rather than representing a fundamental shift in his investment thesis.
Moskow’s target derives from applying a 2x enterprise-value-to-sales multiple to his 2027 revenue projection of $235 million, utilizing the identical valuation framework employed previously.
Reverse stock splits typically function as defensive maneuvers rather than indicators of corporate strength. They reduce outstanding share counts and elevate per-share prices mathematically, without altering underlying business performance metrics.
Even accounting for the split-adjusted appreciation, BYND shares continue trading substantially below their pandemic-era peaks.
TipRanks’ technical analysis framework currently assigns BYND a Sell rating on a one-day time horizon, supported by 15 bearish indicators, six bullish signals, and one neutral factor.
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