BeInCrypto Global

Bitcoin (BTC) daily active addresses jumped from 645,000 on July 30 to nearly 1 million on July 31. The reading was the highest since December 10, 2024, and the Coldcard panic, not new demand, drove it.
BTC traded at $60,347 at press time, up 1.24% in 24 hours, BeInCrypto data shows. Three on-chain charts reveal what holders actually did during a weekend of severe stress for self-custody.
Nearly 1 Million Addresses Moved, the Most Since December 2024
Glassnode data shows about 980,000 active addresses on July 31, up more than 50% in a single day. The jump came days after attackers began draining Coldcard hardware wallets through a flawed random number generator.
Three confirmed attack waves have been linked to 1,367 BTC, worth $88.6 million, stolen from 4,585 addresses. A suspected fourth wave has since swept over 380 BTC more.
The last time this many addresses moved, on December 10, 2024, bitcoin traded near $100,000 during a euphoric rally. This time, the same activity arrived with BTC around $60,000. Same metric, opposite emotion.
Bitcoin Number of Active Addresses / Source: Glassnode
CryptoQuant Head of Research Julio Moreno noted on X that sending addresses drove nearly all of the growth. Receiving addresses barely moved in proportion, which suggests consolidation. Thousands of wallets emptied toward a much smaller set of destinations.
Historically, active addresses had churned between 550,000 and 750,000 for most of 2026. Therefore, the spike reads as a one-off event rather than a new trend.
Small Holders Moved the Most BTC Since the FTX Collapse
CryptoQuant’s Spent Output Value Bands point to who panicked. Transfers below 1 BTC totaled 39,600 BTC on July 31. The only comparable daily reading came on November 16, 2022, at 39,900 BTC, days after FTX failed.
These bands capture retail-sized wallets, exactly the profile of Coldcard’s user base. One holder lost 18.25 BTC, worth $1.6 million, in under seven minutes. Stories like his pushed thousands of users to act.
Moreno framed the migration as a healthy reflex rather than capitulation.
“The Bitcoin plebs had not move[d] this amount of BTC in a day since the FTX collapse… I like to see that people seem to be taking action.”
He shared the observation on X on August 1.
Bitcoin Spent Output Value Bands / Source: X
However, the direction of travel has reversed since 2022. Back then, users pulled coins off exchanges and into cold storage. This time, a cold storage failure sent coins the other way. The reversal feeds the self-custody debate that Binance founder Changpeng Zhao reignited this week.
Many Wallets, Few Transactions. The Anatomy of the Coldcard Panic
The third chart completes the picture. Glassnode counted 761,796 transfers on July 31, a local spike but far from a record. Prior peaks on December 13, 2024, April 19, 2025, and May 9, 2026, all cleared 1 million transfers.
The divergence matters. Active addresses hit a 20-month high while transfer counts stayed inside their ordinary range. In other words, an enormous number of wallets moved, but each made only one or a few transactions.
Bitcoin Number of Transfers / Source: Glassnode
That is the anatomy of a mass emergency sweep, not an activity boom. In contrast, earlier transfer records came from concentrated, high-frequency churn by far fewer entities.
Galaxy Research head Alex Thorn observed sweep transactions running at 13.8 per block, roughly 45 times the pre-incident baseline. The shock even reached protocol politics, as developers postponed the BIP-110 soft fork activation, citing the incident.
The Chain Recorded Fear, Not a Trend
Raw on-chain metrics will look distorted for days. Analysts may prefer entity-adjusted data until sweep activity fades, and active addresses could normalize just as sharply as they spiked.
Notably, the price barely reacted. Bitcoin held near $60,000 through its most active day in 20 months. That calm suggests the moved coins fled risk rather than sought exits.
The next signal to watch sits on the exchange books. If migrated coins stay put, the episode remains a security story. If they start selling, the Coldcard panic could yet become a market story.

The Bank of Korea will buy physical gold again after 13 years. Central banks bought 289 tonnes in the second quarter, their strongest second quarter on record.
Gold traded near $4,086 an ounce on Tuesday, up 0.8%. It sits 27% below its January record. It is still up about 20% on the year.
Gold (XAU) Price Performance. Source: TradingView Korea Gold Purchases Resume After 13 Years
Seoul stopped buying gold in 2013. It was mocked for the timing. The bank bought 90 tonnes between 2011 and 2013, at an average $1,629 an ounce. That came to about $4.7 billion, figures from Korea Economic Daily show.
Then gold fell apart. The price had peaked at $1,920.30 in September 2011. By June 2013 it hit $1,180.71, a drop of 38.5%. That year was gold’s worst since 1981.
South Korea's central bank plans gold purchases – first addition since 2013.2011-2013: Bought near peak, faced criticism when prices fell 2024-2025: Sat out entire rally to record highs2025 now: Re-entering after "correction". Director noting they're "monitoring markets for…
— BullionStar (@BullionStar) October 28, 2025
At that low, Korea’s gold was worth 27.5% less than it paid. Lawmakers dragged in then-governor Kim Choong-soo. By 2015 the paper loss reached about 1.8 trillion won. Buying stopped.
Here is the twist. Those same 90 tonnes are now worth roughly $11.8 billion. That is $7 billion more than Korea paid.
So the bank is careful about how it explains itself. Jung Hee-sub, who runs its Reserve Management Group, denies any link to the recent price drop.
“We did not decide the timing of purchases by looking at a specific price… we decide whether to proceed at that time based on domestic and international gold prices and market conditions,” local media reported.
Follow us on X to get the latest news as it happens
The plan itself is tiny. Korea digs up 40 to 45 tonnes a year, mostly as a leftover from smelting copper and zinc. Only 4 to 5 tonnes get sold abroad. The bank will bid for that slice alone.
So its reserves stay near 104.4 tonnes, ranking Korea 39th. It also bought its first gold exchange-traded funds (ETFs) last quarter, as South Korea’s equity turmoil grips policymakers.
Central Bank Gold Buying Hit a Record 289 Tonnes
Korea is late to a crowded party. Central banks bought 288.9 tonnes in the second quarter, World Gold Council data show. That is 62% more than a year earlier.
Poland bought the most, at 51 tonnes. Its stockpile hit a record 632 tonnes. It wants 700.
Governor Adam Glapiński is blunt about how he does it.
“We’ve been consistently buying gold, taking advantage of the recent price drops.”
China added 33 tonnes, keeping up a long buying streak. Russia sold 22.
The rebound hides a slow start, though. Just 56.5 tonnes came in the first quarter. At 345 tonnes, the first half was the weakest since 2022.
They are not losing interest. A record 45% plan to buy more within a year, and demand held firm through the price slump.
Gold Is Quieter Than at Any Time Since August 2025
Bollinger Bands track how widely a price swings around its average. When they squeeze together, the market has gone quiet. Quiet markets rarely stay quiet.
Barchart figures show the tightest squeeze on the biggest gold ETF since August 2025. That date matters. Gold closed August 2025 near $3,443, then ran 62% to its January peak.
Gold is coiling and getting ready for a big move 🚨 🚨 Bollinger Bands are now the tightest since August 2025, right before Gold soared 60% over the next 5 months 🚀 🥳 pic.twitter.com/ChRZ04t8U9
— Barchart (@Barchart) August 4, 2026
One example is not a pattern, however. A squeeze tells you a move is coming. It does not tell you which way.
So Will Gold Break Out?
The evidence leans up, but not back to January’s record. Deutsche Bank analysts Michael Hsueh and Bryant Xu say gold is worth about $4,700 by year end. JPMorgan’s lowered target still puts the fourth quarter at $4,500.
The World Gold Council will not pick a number. Its mid-year outlook sees gold within 5% of $4,100 for the rest of 2026, if nothing much changes.
Here is the catch. Central banks are better at putting a floor under gold than pushing it up. Record buying did not stop a 29% fall from January to June. They buy to a plan, and they buy dips, as Glapiński said.
A real rally needs ordinary investors and funds to come back.
Gold (XAU) Price Outlook. Source: TradingView
So watch $3,959, the June low. Gold sits less than 3% above it. Break that, and the idea that central banks hold up the price falls apart.

SpaceX reports its first quarterly results as a public company after Tuesday’s close, with a webcast following around 4:30 p.m. ET.
The debut print will test whether Starlink profits can fund the company’s aggressive AI and Starship ambitions.
SpaceX (SPCX) Price Performance. Source: TradingView What Wall Street Expects From the Report
The broader consensus centers on $6.8 to $6.9 billion in revenue, a sharp jump from $4.69 billion in the first quarter. Wall Street also models a non-GAAP loss of near $0.23 to $0.26 per share.
Segment expectations vary considerably. Starlink remains the cash engine, projected at around $3.8 billion with operating margins near 36%.
The AI unit should show the fastest growth. Analysts forecast $2 to $2.3 billion from xAI, Grok, and data-center capacity combined. Space keeps consuming capital instead. Falcon, Dragon, and Starship continue to attract heavy investment without delivering near-term returns.
Timing adds pressure to the report. A major lockup tranche opens August 6, potentially releasing hundreds of millions of shares.
Shares closed Monday at $114.53, up 5.68%, after trading in the mid-100s amid post-IPO volatility, according to TradingView data. The company completed history’s largest public offering in June at roughly $1.5 trillion.
Follow us on X to get the latest news as it happens.
$SPCX is down ~50% from its all-time high and today could decide what comes next.SpaceX is set to release its first-ever earnings report today, with Wall Street expecting around $6.9 billion in revenue.If the company misses expectations, the selling pressure could get even… pic.twitter.com/YcKXuTAW8m
— Niels (@Web3Niels) August 4, 2026
Traders on X are focused on the wide estimate range and the lockup overhang, with options pricing implying significant movement.
Top 3 Scenarios on the Table
Investors have narrowed Tuesday’s possibilities into three broad outcomes. Each depends less on headline revenue than on what management reveals about spending discipline, segment quality, and the path toward self-funding.
Scenario 1: A Clean Beat With Strong Disclosure
Revenue and EBITDA clear consensus while Starlink subscribers and margins hold or improve. AI revenue tracks contracted ramps without slippage.
Management adds concrete detail on capital expenditure phasing, remaining liquidity, and Starship commercialization. Any path toward self-funding would strengthen the case.
$SPCX NOW TRADES AT 10X 2028 SALESWhether that looks attractive depends on the investor but my long-term thesis is that SpaceX could combine low-cost access to orbit with abundant solar energy and space-based computing to eventually build orbital data centers capable of… https://t.co/mLFGicAuTa pic.twitter.com/9J1GL8nGRU
— Shay Boloor (@StockSavvyShay) July 27, 2026
That combination could trigger short-covering and a strong rally. It would validate the elevated valuation multiple and offset near-term lockup pressure.
Scenario 2: In-Line Results With Vague Guidance
Numbers land near consensus, with solid sequential growth led by AI and steady Starlink profitability. Details stay high-level instead.
Average Revenue Per User (ARPU) trends, exact AI margins, and peak spending timelines remain unclear, with emphasis shifting toward long-term Mars and orbital-compute vision.
$SPCX – SPACEX EARNINGS: ANALYSTS FOCUSED ON AI, NOT THE QUARTERSpaceX reports earnings today, but Bernstein says "the quarterly results should not matter."Instead, analysts are focused on management's confidence in its AI and orbital data center strategy.Bernstein says…
— *Walter Bloomberg (@DeItaone) August 4, 2026
Many analysts consider this the most probable outcome for a first-time public reporter. Markets would likely trade mixed to soft as uncertainty persists.
Scenario 3: Soft Print or Capex Concerns
Total revenue meets or modestly misses, while AI revenue falls short of the expected ramp. Starlink shows ARPU pressure or weaker quality growth.
Space losses widen further from Starship development, while elevated Capex commentary raises fresh funding worries without offsetting positives.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights.
🚨 Everyone is shorting SpaceX ahead of the first unlock. But what if it's already priced in?SPCX just hit a new low at $113. That's 50% below its peak and far under its $135 IPO price.The first big unlock, around 20% of the float, hits near earnings on August 4.The obvious… pic.twitter.com/NrM0aAp5cZ
— CryptoGoos (@cryptogoos) July 25, 2026
That outcome would intensify scrutiny of Starlink subsidizing other segments. Sharper selling could follow, especially with increased float arriving days later.
What Really Matters Beyond the Numbers
The earnings call will set the tone for how public investors assess a company blending profitable satellite broadband, leadership in reusable launch, and ambitious AI infrastructure bets. Few listed firms carry that combination, and none at this valuation.
Beyond the headline figures, segment details and management tone will matter most. Signals on cash discipline could prove decisive as the company navigates its early public-market chapter.
The lockup expiration two days later adds another layer entirely. Even a strong report may struggle against fresh supply, leaving Tuesday’s reaction an incomplete verdict on where SpaceX stock heads next.

The US Dollar Index (DXY) trades near 100.02 on Tuesday after last week’s sharp rejection from 101.50. The greenback is battling to reclaim the psychological 100 mark, according to Trading Economics data.
Markets price roughly 55% odds of a September Federal Reserve rate hike. At the same time, coordinated currency intervention and falling oil prices pull the index in the opposite direction.
Fed Hike Bets Collide With Yen Intervention
Fundamentals have turned dollar-friendly on the monetary policy side. July’s ISM Manufacturing Purchasing Managers Index (PMI) jumped to 55.6, its strongest reading since May 2022.
Three Federal Open Market Committee (FOMC) members also dissented in favor of a hike in July, when rates held at 3.50% to 3.75%. Prediction market Kalshi prices a 25-basis-point September hike at 53%, with CME FedWatch showing similar odds.
FED rate hike decision probabilities / Source: Kalshi
However, official pressure works against the dollar. The US and Japan confirmed coordinated yen intervention after USD/JPY weakened to 40-year lows near 164.
Falling energy prices add to the bearish side. Oil dropped around 5% on Monday after Washington and Tehran agreed to restart talks, easing inflation pressure.
Dollar direction also matters beyond forex. A firmer greenback has repeatedly pressured gold and Bitcoin (BTC) in 2026.
US Dollar Index Weekly Chart Shows the Rally Stalling Below 102
The weekly chart frames the move within a wide macro range. DXY topped at 110.176 in January 2025 and bottomed at 95.551 on January 27, 2026.
The recovery from that low stalled in July near 101.50. That area holds the 0.382 Fibonacci retracement at 101.14, just below the May 2025 swing high at 101.977.
DXY weekly chart / Source: Tradingview
Last week, sellers pushed the index back below the 100.30 to 100.60 resistance zone. The drop ended at an ascending trendline that connects to the January low.
Meanwhile, the weekly Relative Strength Index (RSI) sits near 50. The reading offers neither bulls nor bears a clear momentum edge.
LevelSignificance101.98May 2025 swing high, main upside target101.140.382 Fibonacci retracement100.30 to 100.60Resistance zone that needs to flip into support99.49Trendline and June swing low confluence99.000.236 Fibonacci retracement
DXY Price Prediction Rests on the 99.49 Support Confluence
The daily chart strengthens the bullish structure argument. An ascending trendline from the February low has now held twice, on May 6 and again on August 3.
The latest bounce also coincided with the June 17 swing low at 99.491. That confluence makes 99.49 the most important support on the chart.
Momentum tells a different story. Daily RSI reads 38, below the neutral zone but not yet oversold. The reading suggests sellers still control short-term momentum despite the intact trend.
DXY daily chart / Source: Tradingview
A daily close above 100.60 could open the path to 101.14 and then 101.977, roughly 2% above the current price. In contrast, losing 99.49 would expose the 0.236 Fibonacci level at 99.008, about 1% lower.
The calendar could decide the fight. ISM Services PMI lands on Wednesday, and the July jobs report follows on Friday, August 7. The Fed’s data-dependent stance adds weight to each release after last week’s GDP and PCE inflation data.
Until either side wins the battle for 100, DXY remains trapped between hawkish Fed pricing and official selling pressure.

A photographer at Camp David caught Treasury Secretary Scott Bessent’s notepad. It read “Buy Japanese Yen (JPY) $5-10 bil.”
On Tuesday he explained the plan. Bessent told CNBC the US bought yen because the currency had fallen too far. The market is already pushing back.
Why the US Bought Yen for the First Time Since 1998
The yen had sunk to its weakest level since 1986. So Japan and the US stepped in and bought it, which pushes the price up.
Japan’s Finance Ministry confirmed the move on Monday. Minister Satsuki Katayama said Tokyo bought yen “in coordination with the U.S. Department of the Treasury” on Friday. She added that Japan “will not hesitate to conduct further joint intervention.”
BREAKING: 🇯🇵 Japan’s Finance Minister Satsuki Katayama said: “We will not hesitate to conduct further coordinated intervention.”Yen surged more than +1% to ¥155.20 per dollar after the announcement, its strongest level since early May.
— Bull Theory (@BullTheoryio) August 3, 2026
The plan was not new. Both governments signed a statement last September agreeing to act together if the yen moved in a disorderly way. The notepad leaked the timing, not the policy.
What is new is the size. The last time Washington bought yen was June 17, 1998. Back then it spent just $833 million, according to the New York Fed. Bessent’s note points to six to 12 times more.
Nobody knows yet what Japan spent. Estimates near $59 billion are guesses based on central bank cash flows. Tokyo publishes the real number on August 31.
Bessent was relaxed about the leak itself.
“I just wanted to make sure that all the reporters looking over my shoulder also knew the symbol. JP for the Japanese yen,” he said in the interview.
Follow us on X to get the latest news as it happens
He was firmer on the reason. This was not a one-day rescue, he said, but part of a longer plan with Tokyo.
“This is more than just a market intervention… through our conversations with them, we believe that they are going to continue to put the right policies in place that will lead the yen to get back to more of a normal equilibrium price,” Bessent told CNBC.
Bessent also has a history lesson. He blames part of the 1997 Asian Financial Crisis on a yen that fell too far.
Back then, weakness in Japan dragged neighboring currencies down. South Korea’s won, he said, is already jumpy today.
“…part of it was triggered by an overly weak yen. So I think a stable yen is not only important for the U.S. but it’s very important for the entire region, because if the yen were to weaken substantially, then the other currencies would follow it.”
Bessent Says Policy Matters More Than the Yen Intervention
Here is his key point. Buying a currency sends a message. Fixing a currency takes interest rates and budgets.
“I think here we can give market signals. But at the end of the day, it’s going to be policy and fundamentals. And the US decided to join because we are very optimistic on their policy path.”
The 1998 record backs him up, and then goes further. That day the dollar dropped from 142.21 yen to 136.51. Two weeks later it was back at 138.88. Roughly 40% of the gain was gone.
The yen finally turned four months later. No government bought a single yen. The dollar fell from 133.90 to 120.55 on October 7, 1998, then to 111.58 the next morning. Hedge funds were dumping dollars to cut their losses.
The dollar lost 17.4% against the yen that quarter. The New York Fed confirmed nobody intervened at all.
So the fix Bessent wants depends on Japan raising rates. The Bank of Japan (BOJ) held at 1% on July 31. One of nine members voted for a hike.
The US is moving the other way. The Federal Reserve held rates at 3.50% to 3.75% on July 29, and three officials wanted them higher. That leaves a gap of about 2.6 points.
That gap is the whole problem. Traders borrow cheap yen and park the cash in dollars that pay more. While the gap stays wide, betting against the yen still pays.
Why Bitcoin Cares About the Yen
The market has already started answering the question. The dollar fell to just under 155.5 yen during the operation. By Tuesday afternoon in Asia it was back at 157.54.
USD/JPY Performance. Source: TradingView
That is more than two yen recovered in two sessions. It is close to a quarter of everything the intervention won.
Look at the chart and one level jumps out. Japan defended the yen in late April and stalled just under 155.5. It happened again on Friday. Bank of America now calls 155 the line where traders expect Tokyo to fight.
TD Securities is blunter. It sees a possible dip to 153, but still expects 159 by year end. A lasting move needs the BOJ to hike and the US Treasury to stay committed.
Katayama hinted at deeper plumbing. Japan plans to use a Fed facility that lets it borrow dollars against the US government bonds it already owns. That way it can raise cash without selling those bonds.
Now the crypto link. Bitcoin (BTC) trades near $63,808, up about 2% on the day. Its total value sits close to $1.28 trillion.
Bitcoin Price Performance. Source: BeInCrypto
Cheap yen has funded bets on risky assets for years, crypto included. A stronger yen makes those bets expensive to hold. Analysts are split on whether this yen carry trade pattern drags Bitcoin toward $50,000.
That is the awkward part of Bessent’s history lesson. In 1998 the intervention faded in two weeks. The yen only really turned when traders were forced to unwind those cheap yen bets. For crypto, that second outcome is the scary one.

Intesa Sanpaolo, Italy’s largest banking group, slashed its Bitcoin ETF holding, BlackRock’s iShares Bitcoin Trust (IBIT), by 93.7% last quarter. The bank also tripled its stake in the iShares Staked Ethereum Trust ETF, its new Form 13F shows.
The quarterly disclosure adds to evidence that some institutions now favor yield-bearing Ethereum funds over Bitcoin products.
Inside Intesa Sanpaolo’s Bitcoin ETF Retreat
The bank reported 40,723 IBIT shares worth $1.36 million as of June 30, down from 646,809 three months earlier. Its reported call position shrank 99.3%, from an underlying 2.5 million shares to just 18,000.
A new put position covering 500,000 IBIT shares also appeared in the filing. Puts typically gain value when the underlying asset falls, which suggests a defensive stance on Bitcoin (BTC).
Intesa Sanpaolo ETF Filing. Image Source: Wu Blockchain/SEC
Meanwhile, the bank’s iShares Staked Ethereum Trust holding jumped from 116,200 shares to 349,600, worth $7.1 million. Its Bitwise Solana Staking ETF position collapsed from 2,817 shares to just seven.
Still, the Italian lender has not abandoned Bitcoin. It kept 3.47 million shares of the ARK 21Shares Bitcoin ETF (ARKB), worth $67.6 million. That remains its largest crypto ETF position, a comparison with its first-quarter report shows.
The bank also left its $14.4 million Grayscale XRP Trust position untouched. In addition, it opened a small $293,190 stake in the Morgan Stanley Bitcoin Trust.
Form 13F filings only capture long positions in US-listed securities. They omit short exposure and full options structures, so the bank’s net positioning stays unclear.
Is Wall Street Rotating Toward Ethereum?
Intesa Sanpaolo is not alone. Trading giant Jane Street cut its IBIT common stock position by 71% in the first quarter, its own disclosure shows.
Over the same period, the firm nearly doubled its iShares Ethereum Trust (ETHA) stake to 11.1 million shares. It also lifted its Fidelity Ethereum Fund position from $3.1 million to $43.6 million. As a market maker, however, Jane Street partly holds inventory for clients rather than directional bets.
Ethereum (ETH) staking yield appears central to the shift. BlackRock’s staked Ethereum product is designed to earn network rewards on its holdings, something Bitcoin funds cannot offer.
Flow data from the same quarter matches the selling side of the trade. SoSoValue figures show US Bitcoin spot ETFs posted heavy net outflows for most of the second quarter.
Q2 Spot Bitcoin ETF Inflows. Image Source: SoSoValue
A record $4.5 billion left in June alone, the worst month on record for the products.
Meanwhile, it is worth keeping an eye out for more Q2 disclosures. Most Q2 disclosures will only arrive before the August 14 deadline. They should show whether the Intesa Sanpaolo pivot marks an early trend, and which other firms sold Bitcoin ETFs last quarter.

Unibase (UB), Cardano (ADA), and Algorand (ALGO) posted the best seven-day results among top altcoins in early August 2026. UB gained 61%, while ADA and ALGO added 24% and 13%.
Daily charts suggest each rally now faces a decisive resistance test in the first week of August. The table below summarizes the most important chart data for each coin.
Altcoin 7-day gain Price RSI Volume trend Unibase (UB) +61% $0.1943 ~70, rising Declining Cardano (ADA) +24% $0.1945 ~70, higher high Rising Algorand (ALGO) +13% $0.0904 62, rising Declining
Unibase Leads the Top Altcoins After a 61% Weekly Rally
Unibase, a decentralized memory layer for artificial intelligence (AI) agents, gained 61% over the past seven days. UB trades at $0.1943, up 11% in 24 hours, with a market cap of $486 million.
The daily chart turned bullish on July 17 (blue circle), when the price broke above a long-term descending resistance line. Since then, UB has gained roughly 140%, printing a clean sequence of higher highs and higher lows.
UB daily chart / Source: Tradingview
The rally has now reached the 0.236 Fibonacci retracement (Fib) level at $0.1928. If buyers flip this area into support, the April peak at $0.2466 becomes the next target. In case of a correction, the 0.382 Fib at $0.1595 provides the first support. A stronger zone waits near the 0.618 Fib at $0.1056.
However, declining volume does not confirm the strength of the uptrend. Moreover, the Relative Strength Index (RSI) sits near 70 and approaches overbought territory. The indicator shows no bearish divergence yet.
Cardano Tests the $0.20 Confluence After a 24% Weekly Gain
Cardano gained 24% over the past week and trades at $0.1945. The recovery follows a sharp breakdown from a descending parallel channel at the beginning of June.
That breakdown quickly reached its target near $0.15. Since then, the area has acted as support and was confirmed four times. The latest bounce on July 28 started the current uptrend.
ADA daily chart / Source: Tradingview
ADA now faces its most important test. Resistance at $0.20 coincides with the 0.382 Fib at $0.2052 and the lower band of the broken channel. Therefore, acceptance back inside the channel remains the key bullish trigger. Such a move would open the breakdown area near $0.23, aligned with the 0.5 Fib at $0.2258.
RSI trades near 70 and prints a higher high compared with early July. Momentum leads price, and rising volume gives ADA the healthiest confirmation among the three. Meanwhile, Cardano’s recent upgrade and the rally tied to the upcoming Dijkstra era add a fundamental tailwind.
Algorand Bounces 13% but the Downtrend Still Rules
Algorand added 13% over the past seven days and trades at $0.0904. The bounce started at the $0.08 support zone, which aligns with the 1.0 Fib at $0.0794.
The price quickly returned to the 0.786 Fib resistance at $0.0923. This zone rejected ALGO repeatedly in June, so bulls have not cleared it yet. Above it, the next resistance sits at the 0.618 Fib near $0.1024.
ALGO daily chart / Source: Tradingview
In contrast to Cardano, declining volume suggests limited strength behind the move. RSI stands at 62, above the neutral 50 line, and leaves room before overbought conditions appear. Furthermore, Algorand’s quantum security roadmap recently gained attention after France announced new certification rules.
Consequently, this week’s move offers some hope, but the broader ALGO structure remains a downtrend. Until the price reclaims the 0.618 Fib at $0.1024 as support, the rally counts as a bounce. Only such a reclaim would signal the start of a medium to long-term bullish reversal.

ヤマハ発動機の株価は、火曜日に13.40%上昇して1,511円で取引を終えた（約9.62ドル）。通期ガイダンスの引き上げを迫る過去最高の上半期決算が追い風となった。
先週の協調的な通貨介入で動揺が続く日本市場のなかで、今回の集会は際立った存在感を示した。
営業利益は利息や税金を差し引く前の、コア事業の収益を測る指標であり、純利益だけを見るよりも企業の営業状態をより明確に示す。
ヤマハの売上高は1月から6月までの期間に1兆4,980億円（約95.4億ドル）に達し、前年同期比で17.2%増となった。営業利益は1,585億円（約10.1億ドル）まで伸び、増加率は88.6%だった。親会社株主に帰属する当期純利益はさらに好調だった。金額は1,139億円（約7.25億ドル）で、成長率は114.7%に達した。

Heading into its August 26 earnings, the Nvidia stock looks strong. Nearly every analyst covering the stock rates it a buy. The shares have been higher over the past week, month, and year, and the company is expected to almost double its profit.
Nothing on the surface says caution. Yet the real risk is not on the price chart at all. It sits inside the demand everyone is celebrating, and Michael Burry, the investor who called the 2008 housing crash, has put a number on it.
The Nvidia Setup Looks Bulletproof
The tape gives the bulls everything they want. Nvidia (NVDA) has gained nearly 11% this year, bouncing from a spring low around $164 to roughly $208, even if it sits below the $236 record it set in May. The direction matters most.
The stock is now climbing into the report (starting July 29) rather than sliding into it, which usually signals the market expects good news.
NVIDIA Year-to-Date Price Performance: Yahoo Finance
The analysts are just as committed. Of the 37 firms covering Nvidia, 36 rate it a buy, one sits at hold, and not one says sell, which lands the stock at a rare Strong Buy consensus.
Nvidia 12-Month Rating Breakdown: TipRanks
Their price targets point the same way. The average sits near $309, roughly 49% above where the stock trades now. The forecasts run from a low of $250 to a high of $500. Two heavyweight firms went further, as Bernstein and Wells Fargo both reiterated $315 targets days before the report.
Nvidia Analyst Price Targets: TipRanks
Wall Street also expects the company to nearly double its earnings from a year ago. Moreover, the options are pricing an expected move of nearly 6% around the print.
NVDA Expected Move: Barchart
Our look at Nvidia stock in July found the same optimism. With almost everyone already positioned for good news, even a solid quarter can fall flat. All of it rests on one assumption, that the demand is real. That is the assumption Burry attacks.
The Risk Is Inside the Results
Burry looked at where Nvidia’s demand actually comes from. The company has reportedly moved to backstop around $250 billion of debt tied to OpenAI’s data centers, helping fund the very customers who buy its chips. Put simply, it is like a shop lending you the money to buy its own goods, so the sale still counts as revenue even though the cash came from the seller.
Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.
Burry warned that this is circular spending reaching biblical proportions, a loop in which Nvidia’s sales and its own guarantees quietly feed each other.
🚨 The man who predicted the 2008 crash is now betting everything against the AI bubble.Michael Burry warns the AI and semiconductor rally has further to fall, disclosing a fresh round of short positions on his latest Substack.Burry believes much of the current and future AI… pic.twitter.com/vyeYRHAJVf
— Bull Theory (@BullTheoryio) July 25, 2026
The uncomfortable part is who agrees.
Bernstein’s Stacy Rasgon, whose firm still rates the stock a buy at $315, has flagged the same circular-financing concern.
When the loudest bull and the loudest bear describe the same machine, the revenue line on August 26 gets harder to take at face value. The strain echoes OpenAI’s chip financing troubles from earlier this year.
Two smaller cracks sit underneath. China still holds up to $5 billion in sales that one policy shift could erase, and insiders sold roughly $410 million in stock over the past three months while the price ran high. Financing is only half the worry. The other half is whether Nvidia’s technology lead is as safe as it looks.
The Threat to Nvidia’s Lead?
DeepSeek founder Liang Wenfeng argued in remarks that spread online that new tools could lower the barriers to CUDA, the software ecosystem that keeps developers locked to Nvidia hardware. He pointed to Huawei’s Atlas 950 system as a way to take over some Nvidia workloads, though even that case admits Huawei trails by roughly two years.
DeepSeek’s Liang Wenfeng laid out a strong Nvidia bear case in a leaked investor call.DeepSeek is partnering closely with Huawei. It aims to secure around 16,000 Huawei AI chips and is using its own compiler plus TileLang to reduce reliance on Nvidia’s CUDA ecosystem.Even… https://t.co/FHnCyFP1Wa
— Semiconductor Insider (@SemiconductorsX) July 23, 2026
Add the custom chips Google, Amazon and Meta are building in-house, and Nvidia’s dominance faces a slow squeeze rather than a sudden break.
It is the same doubt that recently weighed on beaten-down semiconductor stocks. And yet the money has not run, which turns this into a standoff rather than a verdict.
What the Big Money Is Still Doing with Nvidia Stock
Even as the warnings pile up, the flow data tells a calmer story. The Chaikin Money Flow reading, a gauge of whether institutional cash is moving into or out of a stock, shows Nvidia in accumulation rather than retreat.
This means buyers are still stepping in. Also, at press time, it is one of the two chip stocks getting institutional money.
Nvidia Chaikin Money Flow: Charlie Quant Lab
The stock is also trading on its own terms. It has been lagging the broader SOXX semiconductor index on relative strength. In plain terms, big investors keep buying Nvidia on its own merits even as skeptics question the chips. And that split is the whole story heading into the print.
Nvidia Versus SOXX Strength: Charlie Quant Lab
Nvidia has beaten estimates for years and its demand is still enormous. Yet, the stock trades above 30 times earnings with no room for error, and it is climbing into the report rather than hiding from it.
That is exactly when a small crack does the most damage. On August 26, the real question is not whether Nvidia beats. It is whether the demand behind that beat is as solid as 36 buy ratings make it look.

バイナンスの創業者チャンポン・ジャオ（CZ）氏は、アナリストのウィリー・ウー氏が示した新しいビットコイン（BTC）の損失データを根拠に、取引所は統計的に自己管理より安全だと述べた。
ウー氏は、月曜日に発表されたリバー社の2025年業界レポートの数値を共有し、自己管理によって失われたBTCが157万BTCであるのに対し、取引所で失われたBTCは151万BTCだと示した。その差は6万BTC未満にとどまっている。
なぜCZは、取引所のハッキングは実際より悪く見えると言うのか
趙氏は、この比較が双方が損失をどのように報告しているかを見落としていると主張した。取引所のハッキングは大きな見出しになりやすい。したがって記者や研究者はそれを綿密に追跡する。一方で自己管理（セルフカストディ）における損失は、同じくらいの注目を集めることは稀だ。

Microsoft raised Xbox Series X prices by $150 to $749 this week, blaming soaring memory chip costs. The hike follows Sony’s earlier PlayStation 5 price increase and lands months before Grand Theft Auto VI’s November 19 launch.
Xbox’s Series S rose 25% to $499, a steeper increase than Sony’s $100 PlayStation 5 hike in March. Analysts say demand for artificial intelligence (AI) memory chips is squeezing console margins industrywide.
Rising Memory Costs Squeeze Hardware Margins
Microsoft’s increase pushes the premium Xbox Series X to $749, up from $599. The base Series S now costs $499, up from $399.
Sony raised PlayStation 5 prices by $100 in March, citing global economic pressures. The console now retails at $649.99 in the US.
Piers Harding-Rolls of Ampere Analysis linked that increase to surging demand for random-access memory (RAM). Both consoles rely on RAM for short-term memory.
“With no sign of prices easing largely due to demand for AI infrastructure, Sony will have made the move to protect its slim hardware margins.”
Binance Research labels this the chipflation inflation trend. DRAM prices have nearly sextupled in a year as AI data centers soak up chip supply meant for consumer devices. Apple felt the same squeeze, raising Mac and iPad prices over memory costs earlier this year.
GTA VI Looms Over Console Pricing
Rockstar’s Grand Theft Auto VI (GTA VI) launches November 19, exclusively on PlayStation 5 and Xbox Series X/S, per its confirmed release date. Standard editions cost $79.99, and an Ultimate edition costs $99.99.
The Grand Theft Auto VI: Ultimate Edition amplifies the deepest and most immersive GTA experience yet with an exclusive collection of premium vehicles, weapons, apparel, and action threaded across all aspects of Jason and Lucia’s story.Pre-order now: https://t.co/7gUj6s6uhi pic.twitter.com/JIPzW31FDr
— Rockstar Games (@RockstarGames) June 25, 2026
Windows Central editor Jez Corden warned the increases may not be final.
“This ain’t even the ceiling.”
Take-Two stock already dropped once on pre-order pricing details, showing investors are watching closely. Meanwhile, AI memory stocks like Micron have surged as chipmakers profit from the same shortage squeezing console makers.
Microsoft’s increase outpaces Sony’s by a wide margin heading into the holiday season. Sony may still follow with another PlayStation 5 hike before GTA VI arrives. That leaves buyers weighing which console costs less before launch day.

A supervisory FBI special agent turned himself in this week. Prosecutors accuse him of stealing nearly $1 million in cryptocurrency from foreign nationals under federal investigation.
Court documents filed in the Eastern District of Virginia name him as Patrick Steven Yaroch. He served as a veteran counterintelligence officer with top-secret clearance.
How the FBI Agent Crypto Theft Unfolded
Prosecutors allege Yaroch used his clearance to access classified case files. He then located passphrases tied to crypto wallets belonging to nationals of a country the FBI treats as an adversary. He allegedly moved the funds into a wallet under his own control.
Investigators say the crypto transfers happened across 10 to 12 transactions beginning in late 2024. The scheme quietly drained accounts linked to people the bureau was already investigating. In fact, agents recovered $925,426.07 of the stolen crypto during his arrest, according to the affidavit.
Yaroch is not the first insider accused of exploiting government access for personal gain. Similarly, a government contractor’s son faced comparable charges in March after allegedly stealing $46 million from the US Marshals Service. A former CIA officer drew related scrutiny in June over a hidden $40 million gold scheme.
Quarterly Crypto Hack Losses and Incident Count, 2022- H1 2026. Source: TRM ChatGPT Searches Point to a Planned Escape
Digital crypto forensics investigators recovered chatbot logs showing Yaroch researched relocation strategies before his arrest. He reportedly asked an AI chatbot how he would invest a hypothetical windfall. He later asked about European residency requirements.
Meanwhile, records show Yaroch booked a trip to Portugal. He also secured power of attorney paperwork from a Portuguese law firm. Investigators did not detect the scheme through blockchain analytics. Yaroch confided in a Justice Department colleague over Signal on July 28, which led directly to his arrest one week later.
During an FBI interview, he then confessed to what he had done.
“eating him up inside,” Patrick Yaroch, cited in an affidavit
The bureau fired Yaroch immediately once the affidavit became public. Consequently, he now sits in federal custody awaiting trial. Prosecutors charged him with interstate transportation of stolen property and receipt of stolen goods. As a result, the charges carry decades of potential prison time.
His arrest adds to a busy year for crypto-related prosecutions. In April, the Justice Department recovered a $700 million seizure from Southeast Asian scam networks. A separate indictment in July tied a crypto laundering operation to fentanyl sales. In addition, FBI Director Kash Patel filed a delayed financial disclosure earlier this year. He now oversees the fallout from one of his own agents’ alleged theft.
The timing stands out. Crypto thefts have already cost the industry $972 million across 207 incidents in the first half of 2026, according to TRM Labs. Insiders with legitimate access add a threat that external hacking tallies alone do not capture.
Whether Yaroch’s case prompts the FBI to tighten oversight of agents with crypto wallet-level access remains unclear. However, the bureau has not addressed the question publicly. That $972 million tally does not yet count cases like his, where the threat came from inside the bureau itself.

トム・リー率いるBitMine Immersion Technologiesは、さらに150,120イーサ（ETH）トークンをステークした。これは約2億7,800万ドル相当。今回の動きは、イーサリアムのプルーフ・オブ・ステーク（PoS）ネットワークに対する最大級の企業ベットの一つを深めるものだ。
ブロックチェーン分析企業のLookonchainは、8月4日に行われた取引の数時間後にこれを報告した。これによりBitMineの総ステークETHは5,067,309トークンに引き上がり、約93.8億ドル相当となる。この数値は、同社の保有するイーサ全体の87.4%に相当する。
この規模でステークする理由は信念の表れ
ステークは、トークンをウォレットに放置したままにせず、イーサリアムのバリデータ・ネットワークにロックすることを意味する。バリデータは、チェーンのセキュリティ強化に貢献することで報酬を得る。その代わり、トークンがロックされている限り、出金キュー（引き出し待ち行列）と、価格変動リスクを全面的に引き受けることになる。

Japan’s Nikkei 225 barely budged Tuesday despite a historic joint US-Japan intervention to prop up the yen. But Kioxia Holdings’ earnings miss suggests the real pain has not landed yet.
Tokyo and Washington intervened to halt months of yen weakness, and Kioxia posted disappointing guidance days later. Markets have absorbed both events calmly so far, but the underlying risks, a possible BOJ rate hike and a currency still primed to strengthen, remain unresolved.
A Muted Reaction So Far
The Nikkei 225 slipped slightly, 0.6% to around 63,300 on Tuesday. That extended Monday’s 1.4% drop.
Both moves look mild next to the selloff traders feared. Tokyo and Washington had just confirmed their first coordinated yen-buying operation in decades.
The response from the Nikkei has been muted. Image Source: Trading View
Kioxia Holdings actually rose slightly on Tuesday. But others in Japan, like SoftBank Group and Advantest, declined as chip stocks led the pullback.
The move follows Kioxia’s 65% plunge from June highs. That slide had already fueled speculation over shareholder payouts before Friday’s earnings.
The yen has settled near 155 to 157 per dollar. It gained as much as 3.8% over two sessions last week, when Finance Minister Satsuki Katayama and Treasury Secretary Scott Bessent confirmed the joint action.
Why Kioxia Still Faces Pressure
Kioxia’s fiscal first-half operating income guidance missed analyst estimates on July 31. The company announced a three-for-one stock split and a share buyback the same day, but neither measure addressed the earnings shortfall itself.
A stronger yen deepens that problem. Kioxia is an export-heavy memory chipmaker, so it loses value on overseas sales whenever the currency strengthens. That adds currency drag to an outlook it already cut.
Kioxia has had a boom-to-bust run in the past six months. Image Source: Trading View
The timing makes things worse. Global memory chip prices are still swinging, and the wider AI chip trade has wobbled all through July. Korean rivals SK Hynix and Samsung Electronics posted their own sharp moves during that stretch.
The bigger risk sits with the Bank of Japan. The central bank held rates at 1% last week but left the door open to a hike. Bessent has repeatedly pushed Governor Kazuo Ueda toward tightening further.
The BOJ’s next policy meeting in September is the trigger point traders are watching. A hike would widen room for further yen strength. Officials have also signaled they will intervene again if the currency slides back toward its recent lows.
That combination puts Kioxia in a tough spot. It already missed its own guidance, and the currency it depends on looks primed to keep rising.
Whether Kioxia’s slide deepens may depend less on its own numbers. It may hinge more on what the BOJ decides in six weeks.

64歳のマーモット研究に紐づいたソラナのミームコインが、わずか数日で自身のOnlyFansキャンペーンを上回る資金を集めた。
研究者たちは、主要な助成金の更新がうまくいかなかったことを受け、今春OnlyFansページを立ち上げた。その後すぐにPump.funのトークンも登場し、現在ではプロジェクトのためにより多くの資金をもたらしている。
お金の問題が始まった場所
コロラド州クレステッドビュート近郊で黄腹のマーモットを追跡する「マーモット適応ダイナミクス（M.A.D.）ラボ」は、ロッキー山脈生物学研究所（RMBL）にある。1962年から継続しており、世界でも最長級の野生動物調査の1つだ。

バリュエーションのウォール街“学長”として知られるアスワス・ダモダランは、次のAIの淘汰局面では中小企業が最も打撃を受けると述べている。彼は、マグニフィセント・セブンには、キャッシュフローとバランスシートの強さがあり、その局面を乗り切れると語った。
新しいインタビューで、ダモダランは、Meta、Alphabet、Microsoftにおける投下AI資本の収益率の低下を指摘した。企業規模を考えると、その下落は注目に値すると彼は語った。
小さなAIの名前ほど、より大きなリスクを伴う
マグニフィセント・セブンのNvidia、Microsoft、Alphabet、Amazon、Meta、Apple、Teslaは、AIインフラに数十億ドルを投じてきた。ダモダランは、彼らのキャッシュフローと借入余力が、彼らを窮地から遠ざけていると言う。

Hugging FaceのCEOクレメント・デルアンジュは月曜、CNBCに対し、中国が人工知能（AI）レースで勝っていると語りました。彼は、中国がオープンウェイト型モデルで優位に立っていることを挙げました。オープンウェイト型モデルとは、基盤となるコードを誰でも利用できる形で公開するシステムのことです。
これらの発言は、OpenAIの“ならず者”エージェントがHugging Faceをハッキングしてから数週間後のことです。この事件により、自律型AIシステムのリスクをめぐる議論は一段と鋭くなりました。
OpenAIのハッキングがHugging Faceに与えたもの
先月、OpenAIのモデルがサンドボックス化されたテスト環境から脱出しました。内部のサイバーセキュリティ評価を不正に突破しようとしていたのです。

パランティア・テクノロジーズ（PLTR）は第2四半期において主要なすべての指標でウォール街の予想を上回り、通年見通しも引き上げた。月曜日の時間外取引では、株価が7%超上昇した。
データ分析企業は、売上高19.4億ドルを計上したと発表し、前年から93%増となった。調整後利益は1株当たり41セントに達し、アナリストが見込んでいた約35セントを上回った。
売上高は、1.81億ドルのコンセンサスおよび同社のガイダンスである約1.80億ドルを大幅に上回った。成長率も、第1四半期に設定された85%のペースから加速した。

ベンジャミン・カウエンによると、暗号資産は2010年以来、長期のトレンドに対してこれほどまでに安くなったことはない。それでも「Into The Cryptoverse」の創設者は、底はまだ入っていないと警告している。
BeInCryptoのマーケッツ・インテリジェンス・カウンシルのメンバーであるカウエンは、第3四半期にもう1段下落があると予想している。彼は、期中（ミッドターム）年の季節性と、上昇する国債利回りが起点になる可能性が高いと指摘する。
暗号資産は公正価値に対して62％も下回っており、2010年以来の最安値だ
2本の新しい動画で、カウエンは暗号資産の総時価総額を、自身の対数回帰トレンドラインと比較して測定した。そのギャップは、この資産クラスの取引可能な歴史において、これまでで最も広がったことがない。

ウォール街で最も声高な2人の発言者が、月曜日に同じことを口にした。「強気でいよう」。トム・リーは、2027年が株式にとっての“追い風の年（バナー・イヤー）”になると見込んでいる。ジム・クレイマーは、どんな下げでも人々がアマゾンを買うべきだと言っている。
7月は株にとって見苦しい月だった。しかしリーは、売りが弱い企業業績によるものではなく、1つの“爆破された（失敗に終わった）ファンド”から出てきたのだと言う。この差（ギャップ）が、彼の見通しを後押ししている。
トム・リーは、2027年までに株は“巻き戻されたばね（コイルド・スプリング）”のようだと言う
リーはウォール街のファンドストラットでリサーチを率いる。彼は8月が回復局面になると予想している。S&P500は7,800に到達すると見ている。月曜日には7,605近辺にあった。