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SEC to address crypto regulations in absence of CLARITY passageThe US Securities and Exchange Commission (SEC) has announced a meeting to consider “new rules to create a tailored offering regime for certain investment contracts involving crypto assets.”
According to the SEC’s agenda, the commission will hold an open meeting on Friday that has the potential to address policies and regulations affecting the crypto industry in the absence of action from US Congress. Last week, lawmakers in the Senate failed to pass the Digital Asset Market Clarity Act, also known as CLARITY, which was expected to provide a comprehensive framework for financial regulators on the oversight of cryptocurrencies.
SEC Chair Paul Atkins said before the recess that the agency was “ready, willing, and able to come out with rules“ on digital assets if the Senate failed to pass the CLARITY bill, but it’s unclear how much authority the commission has without congressional action. Cointelegraph reached out to the SEC for comment but did not receive an immediate response.
The bill still has the potential to be signed into law despite the setback last week. Senate Majority Leader John Thune filed a motion for cloture for the CLARITY Act when lawmakers return from recess on Sept. 14, but the legislation would likely face significant hurdles to pass on the Senate floor, return to the House of Representatives and make it to US President Donald Trump’s desk. The president faces scrutiny and criticism from many lawmakers over his family’s crypto ventures, which many have called to be addressed under ethics provisions in the market structure bill.
SEC to address crypto regulations in absence of CLARITY passage
The US Securities and Exchange Commission (SEC) has announced a meeting to consider “new rules to create a tailored offering regime for certain investment contracts involving crypto assets.”
According to the SEC’s agenda, the commission will hold an open meeting on Friday that has the potential to address policies and regulations affecting the crypto industry in the absence of action from US Congress. Last week, lawmakers in the Senate failed to pass the Digital Asset Market Clarity Act, also known as CLARITY, which was expected to provide a comprehensive framework for financial regulators on the oversight of cryptocurrencies.
SEC Chair Paul Atkins said before the recess that the agency was “ready, willing, and able to come out with rules“ on digital assets if the Senate failed to pass the CLARITY bill, but it’s unclear how much authority the commission has without congressional action. Cointelegraph reached out to the SEC for comment but did not receive an immediate response.
The bill still has the potential to be signed into law despite the setback last week. Senate Majority Leader John Thune filed a motion for cloture for the CLARITY Act when lawmakers return from recess on Sept. 14, but the legislation would likely face significant hurdles to pass on the Senate floor, return to the House of Representatives and make it to US President Donald Trump’s desk. The president faces scrutiny and criticism from many lawmakers over his family’s crypto ventures, which many have called to be addressed under ethics provisions in the market structure bill.
According to the SEC’s agenda, the commission will hold an open meeting on Friday that has the potential to address policies and regulations affecting the crypto industry in the absence of action from US Congress. Last week, lawmakers in the Senate failed to pass the Digital Asset Market Clarity Act, also known as CLARITY, which was expected to provide a comprehensive framework for financial regulators on the oversight of cryptocurrencies.
SEC Chair Paul Atkins said before the recess that the agency was “ready, willing, and able to come out with rules“ on digital assets if the Senate failed to pass the CLARITY bill, but it’s unclear how much authority the commission has without congressional action. Cointelegraph reached out to the SEC for comment but did not receive an immediate response.
The bill still has the potential to be signed into law despite the setback last week. Senate Majority Leader John Thune filed a motion for cloture for the CLARITY Act when lawmakers return from recess on Sept. 14, but the legislation would likely face significant hurdles to pass on the Senate floor, return to the House of Representatives and make it to US President Donald Trump’s desk. The president faces scrutiny and criticism from many lawmakers over his family’s crypto ventures, which many have called to be addressed under ethics provisions in the market structure bill.
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Itaú joins Brazil tokenization pilot with OpenAssetsItaú, Latin America’s largest private sector bank, has partnered with digital asset infrastructure provider OpenAssets to participate in an industry-led pilot testing the tokenization of fixed-income securities and investment funds in Brazil.
The initiative is led by the Brazilian Financial and Capital Markets Association (ANBIMA), which is testing the issuance, trading and settlement of capital markets instruments using distributed ledger technology (DLT).
According to Tuesday’s announcement, the companies will develop technical proofs of concept and assess the operational, compliance and technology requirements for tokenized assets, with debentures and investment funds among the use cases being explored.
OpenAssets will provide its tokenization infrastructure, while Itaú will contribute capital markets expertise as the companies test how tokenized assets could operate within institutional frameworks.
In April, ANBIMA selected 20 use cases for the pilot from 39 proposals submitted by more than 50 banks, asset managers and technology companies. The tests are being conducted on a private, permissioned DLT network in a simulated environment without real financial transactions.
The value of tokenized real-world assets distributed on public blockchains has more than doubled over the past year, rising from around $18.9 billion in August 2025 to $38.3 billion today, according to RWA.xyz data. US Treasury debt is the largest category, accounting for more than $16 billion.
Tokenized real-world assets. Source: RWA.xyz
Magazine: BIP-110 ends with a whimper, CLARITY vote punted: Hodler’s Digest, Aug. 9
Itaú joins Brazil tokenization pilot with OpenAssets
Itaú, Latin America’s largest private sector bank, has partnered with digital asset infrastructure provider OpenAssets to participate in an industry-led pilot testing the tokenization of fixed-income securities and investment funds in Brazil.
The initiative is led by the Brazilian Financial and Capital Markets Association (ANBIMA), which is testing the issuance, trading and settlement of capital markets instruments using distributed ledger technology (DLT).
According to Tuesday’s announcement, the companies will develop technical proofs of concept and assess the operational, compliance and technology requirements for tokenized assets, with debentures and investment funds among the use cases being explored.
OpenAssets will provide its tokenization infrastructure, while Itaú will contribute capital markets expertise as the companies test how tokenized assets could operate within institutional frameworks.
In April, ANBIMA selected 20 use cases for the pilot from 39 proposals submitted by more than 50 banks, asset managers and technology companies. The tests are being conducted on a private, permissioned DLT network in a simulated environment without real financial transactions.
The value of tokenized real-world assets distributed on public blockchains has more than doubled over the past year, rising from around $18.9 billion in August 2025 to $38.3 billion today, according to RWA.xyz data. US Treasury debt is the largest category, accounting for more than $16 billion.
Tokenized real-world assets. Source: RWA.xyz
Magazine: BIP-110 ends with a whimper, CLARITY vote punted: Hodler’s Digest, Aug. 9
The initiative is led by the Brazilian Financial and Capital Markets Association (ANBIMA), which is testing the issuance, trading and settlement of capital markets instruments using distributed ledger technology (DLT).
According to Tuesday’s announcement, the companies will develop technical proofs of concept and assess the operational, compliance and technology requirements for tokenized assets, with debentures and investment funds among the use cases being explored.
OpenAssets will provide its tokenization infrastructure, while Itaú will contribute capital markets expertise as the companies test how tokenized assets could operate within institutional frameworks.
In April, ANBIMA selected 20 use cases for the pilot from 39 proposals submitted by more than 50 banks, asset managers and technology companies. The tests are being conducted on a private, permissioned DLT network in a simulated environment without real financial transactions.
The value of tokenized real-world assets distributed on public blockchains has more than doubled over the past year, rising from around $18.9 billion in August 2025 to $38.3 billion today, according to RWA.xyz data. US Treasury debt is the largest category, accounting for more than $16 billion.
Tokenized real-world assets. Source: RWA.xyz
Magazine: BIP-110 ends with a whimper, CLARITY vote punted: Hodler’s Digest, Aug. 9
17
ບົດຄວາມ
MoneyGram expands crypto cash ramps to SolanaGlobal remittance company MoneyGram has expanded its Ramps service to Solana, allowing wallets, exchanges and developers on the network to offer cash-to-crypto and crypto-to-cash conversions through its payments network.
Ramps previously operated on Stellar, making Solana its second supported blockchain. Rift is the first Solana (SOL) wallet to integrate the service, allowing users to move between crypto and local currencies through MoneyGram.
In an X post announcing the launch, Solana said MoneyGram serves more than 60 million customers through nearly 500,000 retail locations across more than 170 countries, with the network now accessible to Solana developers through a single API.
Source: Solana
Ramps supports cash deposits in more than 25 countries and withdrawals in more than 170 countries and territories, according to MoneyGram. The service, also integrated into the Solana Developer Platform’s payments module, lets developers add MoneyGram’s fiat on- and off-ramp infrastructure without building their own banking integrations.
The company said the Solana launch is part of a broader effort to make Ramps available across multiple blockchain ecosystems. In June, MoneyGram became a Solana validator, staking SOL and processing transactions on the network. It also joined the Solana Developer Platform as part of that expansion.
Magazine: Bitcoin will never fall below $60K again: Nansen founder
MoneyGram expands crypto cash ramps to Solana
Global remittance company MoneyGram has expanded its Ramps service to Solana, allowing wallets, exchanges and developers on the network to offer cash-to-crypto and crypto-to-cash conversions through its payments network.
Ramps previously operated on Stellar, making Solana its second supported blockchain. Rift is the first Solana (SOL) wallet to integrate the service, allowing users to move between crypto and local currencies through MoneyGram.
In an X post announcing the launch, Solana said MoneyGram serves more than 60 million customers through nearly 500,000 retail locations across more than 170 countries, with the network now accessible to Solana developers through a single API.
Source: Solana
Ramps supports cash deposits in more than 25 countries and withdrawals in more than 170 countries and territories, according to MoneyGram. The service, also integrated into the Solana Developer Platform’s payments module, lets developers add MoneyGram’s fiat on- and off-ramp infrastructure without building their own banking integrations.
The company said the Solana launch is part of a broader effort to make Ramps available across multiple blockchain ecosystems. In June, MoneyGram became a Solana validator, staking SOL and processing transactions on the network. It also joined the Solana Developer Platform as part of that expansion.
Magazine: Bitcoin will never fall below $60K again: Nansen founder
Ramps previously operated on Stellar, making Solana its second supported blockchain. Rift is the first Solana (SOL) wallet to integrate the service, allowing users to move between crypto and local currencies through MoneyGram.
In an X post announcing the launch, Solana said MoneyGram serves more than 60 million customers through nearly 500,000 retail locations across more than 170 countries, with the network now accessible to Solana developers through a single API.
Source: Solana
Ramps supports cash deposits in more than 25 countries and withdrawals in more than 170 countries and territories, according to MoneyGram. The service, also integrated into the Solana Developer Platform’s payments module, lets developers add MoneyGram’s fiat on- and off-ramp infrastructure without building their own banking integrations.
The company said the Solana launch is part of a broader effort to make Ramps available across multiple blockchain ecosystems. In June, MoneyGram became a Solana validator, staking SOL and processing transactions on the network. It also joined the Solana Developer Platform as part of that expansion.
Magazine: Bitcoin will never fall below $60K again: Nansen founder
53
Following Senate delay, crypto bill has a narrow window to become lawThe Digital Asset Market Clarity (CLARITY) Act is expected to be held for a cloture vote in September upon the US Senate’s return, but it still faces significant hurdles on the path to becoming law.
Just before the Senate broke for a month-long recess last week, Majority Leader John Thune filed cloture for the crypto market structure bill to go to the floor for consideration. Lawmakers will return from recess on Sept. 14, but only have 14 days scheduled to be in session before breaking for a recess before the November election and another 22 days before the end of the year.
This 36-day window for the CLARITY Act still has many crypto industry advocates publicly expressing their optimism for the bill’s chances in Congress, but lawmakers had not announced any deal on many of the provisions still at issue. These included ethics language affecting US President Donald Trump’s ties to digital assets and additional restrictions for crypto companies offering stablecoin rewards.
The Senate had 13 months to consider the CLARITY Act after it was passed by the House of Representatives last year. In that time, the chamber faced more than one government shutdown, pushback from industry leaders and opposition from many Democrats saying that the then-version of the bill would enable what they called Trump’s “crypto corruption.”
Should the Senate hold a cloture vote in September, lawmakers would still have only a matter of days to address issues in the bill before a potential floor vote and breaking for the pre-election recess. After November, when 33 Senate seats and all 435 House seats would be up for grabs, the midterm election results could complicate discussions on the legislation, with many members of Congress potentially leaving in 2027.
US regulators to step up amid uncertain legislation?
With the market structure bill once again in limbo for at least a month, many experts are looking to financial agencies like the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) for regulatory clarity. The legislation is expected to give the CFTC more authority to oversee and enforce regulations affecting digital assets, but with the law still under consideration, agencies have signaled they will act if Congress won’t.
In a July interview, SEC Chair Paul Atkins said that the agency was “ready, willing, and able to come out with rules“ to address crypto if Congress failed to pass CLARITY. Similarly, CFTC Chair Michael Selig said in April that the commission was “ready to take responsibility” to oversee crypto markets, but in reference to lawmakers passing the market structure bill. Both agencies have taken steps to coordinate oversight of financial markets.
Magazine: BIP-110 ends with a whimper, CLARITY vote punted: Hodler’s Digest, Aug. 9
Following Senate delay, crypto bill has a narrow window to become law
The Digital Asset Market Clarity (CLARITY) Act is expected to be held for a cloture vote in September upon the US Senate’s return, but it still faces significant hurdles on the path to becoming law.
Just before the Senate broke for a month-long recess last week, Majority Leader John Thune filed cloture for the crypto market structure bill to go to the floor for consideration. Lawmakers will return from recess on Sept. 14, but only have 14 days scheduled to be in session before breaking for a recess before the November election and another 22 days before the end of the year.
This 36-day window for the CLARITY Act still has many crypto industry advocates publicly expressing their optimism for the bill’s chances in Congress, but lawmakers had not announced any deal on many of the provisions still at issue. These included ethics language affecting US President Donald Trump’s ties to digital assets and additional restrictions for crypto companies offering stablecoin rewards.
The Senate had 13 months to consider the CLARITY Act after it was passed by the House of Representatives last year. In that time, the chamber faced more than one government shutdown, pushback from industry leaders and opposition from many Democrats saying that the then-version of the bill would enable what they called Trump’s “crypto corruption.”
Should the Senate hold a cloture vote in September, lawmakers would still have only a matter of days to address issues in the bill before a potential floor vote and breaking for the pre-election recess. After November, when 33 Senate seats and all 435 House seats would be up for grabs, the midterm election results could complicate discussions on the legislation, with many members of Congress potentially leaving in 2027.
US regulators to step up amid uncertain legislation?
With the market structure bill once again in limbo for at least a month, many experts are looking to financial agencies like the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) for regulatory clarity. The legislation is expected to give the CFTC more authority to oversee and enforce regulations affecting digital assets, but with the law still under consideration, agencies have signaled they will act if Congress won’t.
In a July interview, SEC Chair Paul Atkins said that the agency was “ready, willing, and able to come out with rules“ to address crypto if Congress failed to pass CLARITY. Similarly, CFTC Chair Michael Selig said in April that the commission was “ready to take responsibility” to oversee crypto markets, but in reference to lawmakers passing the market structure bill. Both agencies have taken steps to coordinate oversight of financial markets.
Magazine: BIP-110 ends with a whimper, CLARITY vote punted: Hodler’s Digest, Aug. 9
Just before the Senate broke for a month-long recess last week, Majority Leader John Thune filed cloture for the crypto market structure bill to go to the floor for consideration. Lawmakers will return from recess on Sept. 14, but only have 14 days scheduled to be in session before breaking for a recess before the November election and another 22 days before the end of the year.
This 36-day window for the CLARITY Act still has many crypto industry advocates publicly expressing their optimism for the bill’s chances in Congress, but lawmakers had not announced any deal on many of the provisions still at issue. These included ethics language affecting US President Donald Trump’s ties to digital assets and additional restrictions for crypto companies offering stablecoin rewards.
The Senate had 13 months to consider the CLARITY Act after it was passed by the House of Representatives last year. In that time, the chamber faced more than one government shutdown, pushback from industry leaders and opposition from many Democrats saying that the then-version of the bill would enable what they called Trump’s “crypto corruption.”
Should the Senate hold a cloture vote in September, lawmakers would still have only a matter of days to address issues in the bill before a potential floor vote and breaking for the pre-election recess. After November, when 33 Senate seats and all 435 House seats would be up for grabs, the midterm election results could complicate discussions on the legislation, with many members of Congress potentially leaving in 2027.
US regulators to step up amid uncertain legislation?
With the market structure bill once again in limbo for at least a month, many experts are looking to financial agencies like the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) for regulatory clarity. The legislation is expected to give the CFTC more authority to oversee and enforce regulations affecting digital assets, but with the law still under consideration, agencies have signaled they will act if Congress won’t.
In a July interview, SEC Chair Paul Atkins said that the agency was “ready, willing, and able to come out with rules“ to address crypto if Congress failed to pass CLARITY. Similarly, CFTC Chair Michael Selig said in April that the commission was “ready to take responsibility” to oversee crypto markets, but in reference to lawmakers passing the market structure bill. Both agencies have taken steps to coordinate oversight of financial markets.
Magazine: BIP-110 ends with a whimper, CLARITY vote punted: Hodler’s Digest, Aug. 9
53
ບົດຄວາມ
Strategy CEO says company will resume Bitcoin accumulation this yearStrategy CEO Phong Le said the company plans to resume accumulating Bitcoin later this year, even after shifting business priorities prompted it to sell portions of its holdings in moves that drew scrutiny from the market.
In a Monday interview with FOX Business, Le said Strategy had purchased around 175,000 Bitcoin since the beginning of the year while selling roughly 7,000 BTC, making the company a significant net buyer.
That’s “about 25 times more” buying than selling, Le said. He added that Strategy has gone from the world’s second-largest institutional Bitcoin holder to the largest.
“We’ll get back to buying more Bitcoin throughout the course of the year,” Le said.
Strategy CEO Phong Le appears on FOX Business. Source: FOX
While Strategy has accumulated more than 840,000 BTC, it has sold Bitcoin on four occasions since May, with the most recent sale totaling 1,690 BTC. The company has used proceeds from its recent sales to support preferred stock dividends, share repurchases and its US dollar reserve.
Despite the relatively small size of the sales compared with its overall holdings, Strategy has faced scrutiny for departing from its long-standing “never sell” approach to Bitcoin. The shift highlights the competing demands facing Strategy as a public company, including obligations to common and preferred shareholders alongside its Bitcoin accumulation strategy.
BTC treasury model faces pressure amid bear market
The corporate Bitcoin treasury model has come under pressure as weaker market conditions challenge the economics that helped fuel its rapid expansion. Public companies hold more than 1.26 million BTC, trailing exchange-traded funds and other funds, which hold more than 1.6 million BTC, according to BitcoinTreasuries.NET.
The model has historically benefited from a financing cycle in which Bitcoin treasury companies traded at premiums to the value of their BTC holdings, allowing them to raise capital through equity or debt and use the proceeds to buy more Bitcoin, according to Novaque Research.
However, that cycle becomes more difficult to sustain when companies trade below the net asset value of their Bitcoin holdings because raising new capital becomes increasingly dilutive to shareholders.
Magazine: Sorry everyone, Bitcoin is headed down to $43,500: Michael Terpin
Strategy CEO says company will resume Bitcoin accumulation this year
Strategy CEO Phong Le said the company plans to resume accumulating Bitcoin later this year, even after shifting business priorities prompted it to sell portions of its holdings in moves that drew scrutiny from the market.
In a Monday interview with FOX Business, Le said Strategy had purchased around 175,000 Bitcoin since the beginning of the year while selling roughly 7,000 BTC, making the company a significant net buyer.
That’s “about 25 times more” buying than selling, Le said. He added that Strategy has gone from the world’s second-largest institutional Bitcoin holder to the largest.
“We’ll get back to buying more Bitcoin throughout the course of the year,” Le said.
Strategy CEO Phong Le appears on FOX Business. Source: FOX
While Strategy has accumulated more than 840,000 BTC, it has sold Bitcoin on four occasions since May, with the most recent sale totaling 1,690 BTC. The company has used proceeds from its recent sales to support preferred stock dividends, share repurchases and its US dollar reserve.
Despite the relatively small size of the sales compared with its overall holdings, Strategy has faced scrutiny for departing from its long-standing “never sell” approach to Bitcoin. The shift highlights the competing demands facing Strategy as a public company, including obligations to common and preferred shareholders alongside its Bitcoin accumulation strategy.
BTC treasury model faces pressure amid bear market
The corporate Bitcoin treasury model has come under pressure as weaker market conditions challenge the economics that helped fuel its rapid expansion. Public companies hold more than 1.26 million BTC, trailing exchange-traded funds and other funds, which hold more than 1.6 million BTC, according to BitcoinTreasuries.NET.
The model has historically benefited from a financing cycle in which Bitcoin treasury companies traded at premiums to the value of their BTC holdings, allowing them to raise capital through equity or debt and use the proceeds to buy more Bitcoin, according to Novaque Research.
However, that cycle becomes more difficult to sustain when companies trade below the net asset value of their Bitcoin holdings because raising new capital becomes increasingly dilutive to shareholders.
Magazine: Sorry everyone, Bitcoin is headed down to $43,500: Michael Terpin
In a Monday interview with FOX Business, Le said Strategy had purchased around 175,000 Bitcoin since the beginning of the year while selling roughly 7,000 BTC, making the company a significant net buyer.
That’s “about 25 times more” buying than selling, Le said. He added that Strategy has gone from the world’s second-largest institutional Bitcoin holder to the largest.
“We’ll get back to buying more Bitcoin throughout the course of the year,” Le said.
Strategy CEO Phong Le appears on FOX Business. Source: FOX
While Strategy has accumulated more than 840,000 BTC, it has sold Bitcoin on four occasions since May, with the most recent sale totaling 1,690 BTC. The company has used proceeds from its recent sales to support preferred stock dividends, share repurchases and its US dollar reserve.
Despite the relatively small size of the sales compared with its overall holdings, Strategy has faced scrutiny for departing from its long-standing “never sell” approach to Bitcoin. The shift highlights the competing demands facing Strategy as a public company, including obligations to common and preferred shareholders alongside its Bitcoin accumulation strategy.
BTC treasury model faces pressure amid bear market
The corporate Bitcoin treasury model has come under pressure as weaker market conditions challenge the economics that helped fuel its rapid expansion. Public companies hold more than 1.26 million BTC, trailing exchange-traded funds and other funds, which hold more than 1.6 million BTC, according to BitcoinTreasuries.NET.
The model has historically benefited from a financing cycle in which Bitcoin treasury companies traded at premiums to the value of their BTC holdings, allowing them to raise capital through equity or debt and use the proceeds to buy more Bitcoin, according to Novaque Research.
However, that cycle becomes more difficult to sustain when companies trade below the net asset value of their Bitcoin holdings because raising new capital becomes increasingly dilutive to shareholders.
Magazine: Sorry everyone, Bitcoin is headed down to $43,500: Michael Terpin
133
ARP Digital secures Dubai VARA broker-dealer licenseARP Digital, an institutional digital asset infrastructure provider, has secured a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority, allowing the Bahrain-based firm to offer regulated conversions between digital assets and the UAE dirham.
According to ARP Digital, the license covers United Arab Emirates-based corporates, capital markets participants and qualified investors, including conversions between stablecoins and dirhams. The company said it will also provide institutions with a regulated route to convert digital asset capital for deployment into local UAE assets.
The approval marks ARP Digital’s second regulated Gulf market. The firm is licensed by the Central Bank of Bahrain, where it says it has processed more than $3.5 billion in volume for over 450 institutional and corporate counterparties, with fourfold year-over-year growth in 2025.
ARP Digital offers institutional services including over-the-counter liquidity, cross-border settlement, fiat on- and off-ramps and wealth management.
The approval comes as Dubai continues to expand its regulated digital asset sector. In July, VARA issued its 50th virtual asset service provider license. The regulator, established in 2022, oversees the provision, use and exchange of virtual assets in and from Dubai.
Flowdesk, a crypto market maker backed by Coinbase Ventures and BlackRock, also received a full VARA broker-dealer license on Tuesday, allowing it to serve qualified and institutional investors in and from the emirate.
Magazine: Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI: Asia Express
ARP Digital secures Dubai VARA broker-dealer license
ARP Digital, an institutional digital asset infrastructure provider, has secured a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority, allowing the Bahrain-based firm to offer regulated conversions between digital assets and the UAE dirham.
According to ARP Digital, the license covers United Arab Emirates-based corporates, capital markets participants and qualified investors, including conversions between stablecoins and dirhams. The company said it will also provide institutions with a regulated route to convert digital asset capital for deployment into local UAE assets.
The approval marks ARP Digital’s second regulated Gulf market. The firm is licensed by the Central Bank of Bahrain, where it says it has processed more than $3.5 billion in volume for over 450 institutional and corporate counterparties, with fourfold year-over-year growth in 2025.
ARP Digital offers institutional services including over-the-counter liquidity, cross-border settlement, fiat on- and off-ramps and wealth management.
The approval comes as Dubai continues to expand its regulated digital asset sector. In July, VARA issued its 50th virtual asset service provider license. The regulator, established in 2022, oversees the provision, use and exchange of virtual assets in and from Dubai.
Flowdesk, a crypto market maker backed by Coinbase Ventures and BlackRock, also received a full VARA broker-dealer license on Tuesday, allowing it to serve qualified and institutional investors in and from the emirate.
Magazine: Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI: Asia Express
According to ARP Digital, the license covers United Arab Emirates-based corporates, capital markets participants and qualified investors, including conversions between stablecoins and dirhams. The company said it will also provide institutions with a regulated route to convert digital asset capital for deployment into local UAE assets.
The approval marks ARP Digital’s second regulated Gulf market. The firm is licensed by the Central Bank of Bahrain, where it says it has processed more than $3.5 billion in volume for over 450 institutional and corporate counterparties, with fourfold year-over-year growth in 2025.
ARP Digital offers institutional services including over-the-counter liquidity, cross-border settlement, fiat on- and off-ramps and wealth management.
The approval comes as Dubai continues to expand its regulated digital asset sector. In July, VARA issued its 50th virtual asset service provider license. The regulator, established in 2022, oversees the provision, use and exchange of virtual assets in and from Dubai.
Flowdesk, a crypto market maker backed by Coinbase Ventures and BlackRock, also received a full VARA broker-dealer license on Tuesday, allowing it to serve qualified and institutional investors in and from the emirate.
Magazine: Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI: Asia Express
66
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FlightAware sues Kalshi over flight cancellation dataFlightAware, a company that offers real-time status and information about flights globally, filed a lawsuit against Kalshi in a New York federal court over the prediction markets platform using its “data and name to run gambling markets on flight cancellations.”
In a Monday filing in the US District Court for the Southern District of New York, the company said that despite repeated demands for Kalshi to stop using its registered trademark and offering bets “verified by FlightAware’s data,” the prediction market has continued to list event contracts based on flight cancellations.
The lawsuit cited authorities’ claims that event contracts on prediction market platforms like Kalshi were “wagers” in violation of state laws, adding that the company’s expansion to trading on commercial flights starting in July was associating FlightAware with activities potentially harming its reputation. FlightAware sought to “stop Kalshi’s illicit behavior before there is any harm to public safety.”
“[T]here was widespread outrage and concern that the markets would incentivize unsafe tactics to impact cancellations, threatening public safety and creating the potential for massive disruption of air travel. Airlines condemned the markets,” said the lawsuit. “And due to Kalshi’s unauthorized use of FlightAware’s data and mark, customers immediately assumed that FlightAware was involved in the scheme.”
Example of flight cancellation event contract citing FlightAware data. Source: Kalshi
The FlightAware lawsuit, while based on trademark infringement, breach of contract, injury to its reputation and unfair competition, is just the latest legal entanglement prediction markets like Kalshi and Polymarket face. Many gaming authorities have petitioned courts to block the companies’ event contracts for residents in what is expected to become a showdown between federal regulators and state officials over alleged illegal gambling practices, usually focused on sports betting.
Cointelegraph reached out to Kalshi for comment on the lawsuit but did not receive an immediate response.
Lawsuit highlights ’incentives for manipulation’ on prediction markets
The FlightAware lawsuit included language pointing out the potential for manipulation among prediction market contracts in which participants have knowledge about events before they become public. Some examples in the news include US President Donald Trump’s teleprompter operator reportedly making $100,000 in Kalshi bets tied to words in his speeches and a US soldier allegedly betting on the removal of Venezuelan President Nicolás Maduro in January, having been given nonpublic information about the military operation ousting him.
FlightAware said that by Kalshi allowing event contracts on flight cancellations, there was not only the potential for manipulation, but also threats to passenger safety.
“A market that allows the public to wager on whether flights will be delayed or cancelled creates an incentive for participants to interfere with air travel—including by causing or contributing to flight cancellations—to profit from their wagers,“ said the lawsuit. “Worse, wagers on flights being timely may incentivize airline, airport, or other aviation workers to cut corners to keep a flight on time.“
Newsletter Predicted’s “State of Prediction Markets - Q2 2026” report said Kalshi and Polymarket collectively controlled more than 90% of all prediction market volume, with the two companies having more than $90 billion in second-quarter notional volume.
Magazine: 10 weirdest things ever tokenized... including farts
FlightAware sues Kalshi over flight cancellation data
FlightAware, a company that offers real-time status and information about flights globally, filed a lawsuit against Kalshi in a New York federal court over the prediction markets platform using its “data and name to run gambling markets on flight cancellations.”
In a Monday filing in the US District Court for the Southern District of New York, the company said that despite repeated demands for Kalshi to stop using its registered trademark and offering bets “verified by FlightAware’s data,” the prediction market has continued to list event contracts based on flight cancellations.
The lawsuit cited authorities’ claims that event contracts on prediction market platforms like Kalshi were “wagers” in violation of state laws, adding that the company’s expansion to trading on commercial flights starting in July was associating FlightAware with activities potentially harming its reputation. FlightAware sought to “stop Kalshi’s illicit behavior before there is any harm to public safety.”
“[T]here was widespread outrage and concern that the markets would incentivize unsafe tactics to impact cancellations, threatening public safety and creating the potential for massive disruption of air travel. Airlines condemned the markets,” said the lawsuit. “And due to Kalshi’s unauthorized use of FlightAware’s data and mark, customers immediately assumed that FlightAware was involved in the scheme.”
Example of flight cancellation event contract citing FlightAware data. Source: Kalshi
The FlightAware lawsuit, while based on trademark infringement, breach of contract, injury to its reputation and unfair competition, is just the latest legal entanglement prediction markets like Kalshi and Polymarket face. Many gaming authorities have petitioned courts to block the companies’ event contracts for residents in what is expected to become a showdown between federal regulators and state officials over alleged illegal gambling practices, usually focused on sports betting.
Cointelegraph reached out to Kalshi for comment on the lawsuit but did not receive an immediate response.
Lawsuit highlights ’incentives for manipulation’ on prediction markets
The FlightAware lawsuit included language pointing out the potential for manipulation among prediction market contracts in which participants have knowledge about events before they become public. Some examples in the news include US President Donald Trump’s teleprompter operator reportedly making $100,000 in Kalshi bets tied to words in his speeches and a US soldier allegedly betting on the removal of Venezuelan President Nicolás Maduro in January, having been given nonpublic information about the military operation ousting him.
FlightAware said that by Kalshi allowing event contracts on flight cancellations, there was not only the potential for manipulation, but also threats to passenger safety.
“A market that allows the public to wager on whether flights will be delayed or cancelled creates an incentive for participants to interfere with air travel—including by causing or contributing to flight cancellations—to profit from their wagers,“ said the lawsuit. “Worse, wagers on flights being timely may incentivize airline, airport, or other aviation workers to cut corners to keep a flight on time.“
Newsletter Predicted’s “State of Prediction Markets - Q2 2026” report said Kalshi and Polymarket collectively controlled more than 90% of all prediction market volume, with the two companies having more than $90 billion in second-quarter notional volume.
Magazine: 10 weirdest things ever tokenized... including farts
In a Monday filing in the US District Court for the Southern District of New York, the company said that despite repeated demands for Kalshi to stop using its registered trademark and offering bets “verified by FlightAware’s data,” the prediction market has continued to list event contracts based on flight cancellations.
The lawsuit cited authorities’ claims that event contracts on prediction market platforms like Kalshi were “wagers” in violation of state laws, adding that the company’s expansion to trading on commercial flights starting in July was associating FlightAware with activities potentially harming its reputation. FlightAware sought to “stop Kalshi’s illicit behavior before there is any harm to public safety.”
“[T]here was widespread outrage and concern that the markets would incentivize unsafe tactics to impact cancellations, threatening public safety and creating the potential for massive disruption of air travel. Airlines condemned the markets,” said the lawsuit. “And due to Kalshi’s unauthorized use of FlightAware’s data and mark, customers immediately assumed that FlightAware was involved in the scheme.”
Example of flight cancellation event contract citing FlightAware data. Source: Kalshi
The FlightAware lawsuit, while based on trademark infringement, breach of contract, injury to its reputation and unfair competition, is just the latest legal entanglement prediction markets like Kalshi and Polymarket face. Many gaming authorities have petitioned courts to block the companies’ event contracts for residents in what is expected to become a showdown between federal regulators and state officials over alleged illegal gambling practices, usually focused on sports betting.
Cointelegraph reached out to Kalshi for comment on the lawsuit but did not receive an immediate response.
Lawsuit highlights ’incentives for manipulation’ on prediction markets
The FlightAware lawsuit included language pointing out the potential for manipulation among prediction market contracts in which participants have knowledge about events before they become public. Some examples in the news include US President Donald Trump’s teleprompter operator reportedly making $100,000 in Kalshi bets tied to words in his speeches and a US soldier allegedly betting on the removal of Venezuelan President Nicolás Maduro in January, having been given nonpublic information about the military operation ousting him.
FlightAware said that by Kalshi allowing event contracts on flight cancellations, there was not only the potential for manipulation, but also threats to passenger safety.
“A market that allows the public to wager on whether flights will be delayed or cancelled creates an incentive for participants to interfere with air travel—including by causing or contributing to flight cancellations—to profit from their wagers,“ said the lawsuit. “Worse, wagers on flights being timely may incentivize airline, airport, or other aviation workers to cut corners to keep a flight on time.“
Newsletter Predicted’s “State of Prediction Markets - Q2 2026” report said Kalshi and Polymarket collectively controlled more than 90% of all prediction market volume, with the two companies having more than $90 billion in second-quarter notional volume.
Magazine: 10 weirdest things ever tokenized... including farts
89
Coinbase-backed Flowdesk secures full broker-dealer license in DubaiFlowdesk, an institutional crypto market maker backed by Coinbase Ventures and BlackRock, has received a full broker-dealer license in Dubai, expanding its ability to serve institutional investors in the emirate.
On Tuesday, Flowdesk said Dubai’s Virtual Assets Regulatory Authority granted the license to its local entity, Flowdesk Omega FZE, allowing it to provide regulated broker-dealer services to qualified and institutional investors in and from Dubai.
The approval follows Flowdesk’s broader regulatory expansion, with the company receiving authorization in France as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets framework.
Broker-dealers are playing an increasingly important role in the cryptocurrency market, bridging traditional finance and digital assets while providing liquidity, custody services and regulatory compliance. Earlier this month, crypto market maker Wintermute launched a US broker-dealer, allowing it to trade stocks and options.
Digital asset infrastructure provider BitGo and securities marketplace operator OTC Markets announced in July that they plan to provide digital asset trading and custody infrastructure for more than 150 broker-dealers using OTS Link ATS, an alternative trading system.
Coinbase-backed Flowdesk secures full broker-dealer license in Dubai
Flowdesk, an institutional crypto market maker backed by Coinbase Ventures and BlackRock, has received a full broker-dealer license in Dubai, expanding its ability to serve institutional investors in the emirate.
On Tuesday, Flowdesk said Dubai’s Virtual Assets Regulatory Authority granted the license to its local entity, Flowdesk Omega FZE, allowing it to provide regulated broker-dealer services to qualified and institutional investors in and from Dubai.
The approval follows Flowdesk’s broader regulatory expansion, with the company receiving authorization in France as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets framework.
Broker-dealers are playing an increasingly important role in the cryptocurrency market, bridging traditional finance and digital assets while providing liquidity, custody services and regulatory compliance. Earlier this month, crypto market maker Wintermute launched a US broker-dealer, allowing it to trade stocks and options.
Digital asset infrastructure provider BitGo and securities marketplace operator OTC Markets announced in July that they plan to provide digital asset trading and custody infrastructure for more than 150 broker-dealers using OTS Link ATS, an alternative trading system.
On Tuesday, Flowdesk said Dubai’s Virtual Assets Regulatory Authority granted the license to its local entity, Flowdesk Omega FZE, allowing it to provide regulated broker-dealer services to qualified and institutional investors in and from Dubai.
The approval follows Flowdesk’s broader regulatory expansion, with the company receiving authorization in France as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets framework.
Broker-dealers are playing an increasingly important role in the cryptocurrency market, bridging traditional finance and digital assets while providing liquidity, custody services and regulatory compliance. Earlier this month, crypto market maker Wintermute launched a US broker-dealer, allowing it to trade stocks and options.
Digital asset infrastructure provider BitGo and securities marketplace operator OTC Markets announced in July that they plan to provide digital asset trading and custody infrastructure for more than 150 broker-dealers using OTS Link ATS, an alternative trading system.
54
ບົດຄວາມ
Nasdaq to acquire LeveL Markets in push toward ‘always-on’ marketsNasdaq has agreed to acquire LeveL Markets, the third-largest alternative trading system in the US by trading volume, as part of its push into tokenized and always-on markets.
According to Nasdaq, LeveL Markets processes hundreds of millions of shares daily and serves more than 2,500 buy- and sell-side clients. The venue will operate within Nasdaq’s new Digital Liquidity Networks unit, led by Roland Chai, who has overseen the company’s digital assets strategy since earlier this year.
Nasdaq first invested in LeveL Markets in 2021. The platform has since grown to execute trades across more than 7,000 symbols daily and serves more than 300 institutional buy-side firms, with average daily trading volume increasing 56% in 2025.
Tuesday’s announcement said LeveL Markets will remain a FINRA-regulated ATS with its own management team following the acquisition. Financial terms were not disclosed, and the deal remains subject to regulatory approval.
Nasdaq said the acquisition will add LeveL’s institutional execution network to its broader push toward programmable, “always-on” markets. The Digital Liquidity Networks unit combines liquidity platforms, tokenization capabilities and digital asset technology.
Nasdaq expands push into tokenized, always-on markets
Nasdaq first proposed allowing tokenized securities to trade on its exchange in September 2025. A January 2026 SEC filing updating the proposal said eligible stocks and exchange-traded products could trade in tokenized form alongside traditional shares, with Depository Trust Company handling tokenization and blockchain-based settlement through a three-year pilot program.
In March, Nasdaq expanded its efforts with a partnership with Kraken and tokenization firm Backed to develop infrastructure linking traditional equities with blockchain networks.
Other exchange operators are also moving toward longer trading hours. Cboe and the London Stock Exchange are pursuing similar plans, while the New York Stock Exchange is developing a separate platform for 24/7 trading and onchain settlement of tokenized securities.
In July, the SEC announced a Sept. 17 roundtable on the shift toward 24-hour US equity trading, with US Securities and Exchange Commission hair Paul Atkins saying, “We are moving towards a new day – and night – in the US equity markets.”
Over the past year, the tokenized equities market has grown more than sixfold, with distributed value rising to nearly $2.5 billion today from around $381 million in August 2025, according to RWA.xyz data.
Tokenized equities. Souce: RWA.xyz
Magazine: Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI: Asia Express
Nasdaq to acquire LeveL Markets in push toward ‘always-on’ markets
Nasdaq has agreed to acquire LeveL Markets, the third-largest alternative trading system in the US by trading volume, as part of its push into tokenized and always-on markets.
According to Nasdaq, LeveL Markets processes hundreds of millions of shares daily and serves more than 2,500 buy- and sell-side clients. The venue will operate within Nasdaq’s new Digital Liquidity Networks unit, led by Roland Chai, who has overseen the company’s digital assets strategy since earlier this year.
Nasdaq first invested in LeveL Markets in 2021. The platform has since grown to execute trades across more than 7,000 symbols daily and serves more than 300 institutional buy-side firms, with average daily trading volume increasing 56% in 2025.
Tuesday’s announcement said LeveL Markets will remain a FINRA-regulated ATS with its own management team following the acquisition. Financial terms were not disclosed, and the deal remains subject to regulatory approval.
Nasdaq said the acquisition will add LeveL’s institutional execution network to its broader push toward programmable, “always-on” markets. The Digital Liquidity Networks unit combines liquidity platforms, tokenization capabilities and digital asset technology.
Nasdaq expands push into tokenized, always-on markets
Nasdaq first proposed allowing tokenized securities to trade on its exchange in September 2025. A January 2026 SEC filing updating the proposal said eligible stocks and exchange-traded products could trade in tokenized form alongside traditional shares, with Depository Trust Company handling tokenization and blockchain-based settlement through a three-year pilot program.
In March, Nasdaq expanded its efforts with a partnership with Kraken and tokenization firm Backed to develop infrastructure linking traditional equities with blockchain networks.
Other exchange operators are also moving toward longer trading hours. Cboe and the London Stock Exchange are pursuing similar plans, while the New York Stock Exchange is developing a separate platform for 24/7 trading and onchain settlement of tokenized securities.
In July, the SEC announced a Sept. 17 roundtable on the shift toward 24-hour US equity trading, with US Securities and Exchange Commission hair Paul Atkins saying, “We are moving towards a new day – and night – in the US equity markets.”
Over the past year, the tokenized equities market has grown more than sixfold, with distributed value rising to nearly $2.5 billion today from around $381 million in August 2025, according to RWA.xyz data.
Tokenized equities. Souce: RWA.xyz
Magazine: Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI: Asia Express
According to Nasdaq, LeveL Markets processes hundreds of millions of shares daily and serves more than 2,500 buy- and sell-side clients. The venue will operate within Nasdaq’s new Digital Liquidity Networks unit, led by Roland Chai, who has overseen the company’s digital assets strategy since earlier this year.
Nasdaq first invested in LeveL Markets in 2021. The platform has since grown to execute trades across more than 7,000 symbols daily and serves more than 300 institutional buy-side firms, with average daily trading volume increasing 56% in 2025.
Tuesday’s announcement said LeveL Markets will remain a FINRA-regulated ATS with its own management team following the acquisition. Financial terms were not disclosed, and the deal remains subject to regulatory approval.
Nasdaq said the acquisition will add LeveL’s institutional execution network to its broader push toward programmable, “always-on” markets. The Digital Liquidity Networks unit combines liquidity platforms, tokenization capabilities and digital asset technology.
Nasdaq expands push into tokenized, always-on markets
Nasdaq first proposed allowing tokenized securities to trade on its exchange in September 2025. A January 2026 SEC filing updating the proposal said eligible stocks and exchange-traded products could trade in tokenized form alongside traditional shares, with Depository Trust Company handling tokenization and blockchain-based settlement through a three-year pilot program.
In March, Nasdaq expanded its efforts with a partnership with Kraken and tokenization firm Backed to develop infrastructure linking traditional equities with blockchain networks.
Other exchange operators are also moving toward longer trading hours. Cboe and the London Stock Exchange are pursuing similar plans, while the New York Stock Exchange is developing a separate platform for 24/7 trading and onchain settlement of tokenized securities.
In July, the SEC announced a Sept. 17 roundtable on the shift toward 24-hour US equity trading, with US Securities and Exchange Commission hair Paul Atkins saying, “We are moving towards a new day – and night – in the US equity markets.”
Over the past year, the tokenized equities market has grown more than sixfold, with distributed value rising to nearly $2.5 billion today from around $381 million in August 2025, according to RWA.xyz data.
Tokenized equities. Souce: RWA.xyz
Magazine: Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI: Asia Express
69
ບົດຄວາມ
Bitcoin drops to one-week low as retail buys gold at highest prices since JuneBitcoin (BTC) headed lower around Tuesday’s Wall Street open as investors’ appetite for gold sent the precious metal to nine-week highs.
Key points:
Bitcoin takes a backseat as gold steals the limelight climbing to $4,435 per ounce.
Analysis eyes the Bitcoin-gold positive correlation still in place.
Key resistance near $66,000 keeps BTC price action in check ahead of the US CPI inflation print.
Retail investors pile into gold ETFs
Data from TradingView showed BTC/USD abandoning a low-timeframe rebound to drop back below $64,000.
BTC/USD four-hour chart. Source: Cointelegraph/TradingView
The pair finished down 1.5% on Monday thanks to concerns over the US-Iran war and the latest impasse over the reopening of the Strait of Hormuz oil route. US stocks tracked sideways amid a fresh 5% surge in oil prices.
As uncertainty grew, new data showed increasing demand for safe haven gold, which hit $4,435 per ounce on Tuesday, its highest level since June 5. Chinese appetites for the precious metal were already on the radar in August.
XAU/USD one-day chart. Source: Cointelegraph/TradingView
Trading resource The Kobeissi Letter highlighted particular interest from the retail sector — currently a key missing component in crypto markets. NYSE ARCA-traded SPDR Gold Shares (GLD) exchange-traded fund attracted daily retail inflows of $50 million on Aug. 5 — the highest single-day tally since mid-March for the largest US physical gold-backed ETF product. The day’s total inflow was $637 million, while the US spot Bitcoin ETFs saw a combined inflow of $244.4 million.
“So far in August, investors have added +$1.4 billion to $GLD , putting the ETF on track for its first monthly inflow since February. Investor appetite for gold is back,” Kobeissi Letter said in a post on X.
GLD retail-investor netflows data. Source: The Kobeissi Letter on X.com
Despite lackluster August BTC price performance, the biggest crypto retained its positive correlation to gold on a 90-day rolling basis, data from onchain analytics platform CryptoQuant showed. “Bitcoin–gold correlation is back to digital-gold-era levels,” CEO Ki Young Ju wrote as an annotation to his data infographics on X.
Bitcoin-gold 90-day correlation data. Source: Ki Young Ju on X.com
Familiar BTC price resistance in place as CPI nears
Within low time frames, BTC/USD continued to be contained by a long-term trend line, the 50-month exponential moving average (EMA) at $65,827.
As Cointelegraph reported, this coincided with an area of potential short liquidations. Since the start of June, the pair has managed just three daily closes above the 50-month EMA.
BTC/USD one-day chart with 50-month EMA. Source: Cointelegraph/TradingView
That’s leading market participants to maintain their monitoring of the zone below $66,000 as rangebound behavior continued.
“It’s still stuck in this range, meaning that this recent correction was most likely just a liquidity grab from leveraged longs being positioned in the markets. Consolidation here, and preferably a slight bounce upwards to $64,500 would trigger that we’re not continuing the cascade,” trader and analyst Michaël van de Poppe told X followers on Tuesday.
“If there’s a breakout above $65,800, the likelihood of running to $73,000 is there.”
BTC/USDT one-day chart. Source: Michaël van de Poppe on X.com
Wednesday sees the first of this week’s key risk-asset volatility catalysts in the form of the US Consumer Price Index (CPI) print for July. Crypto markets have historically weakened into major US inflation data releases, while July’s soft print sparked daily gains of over 4%.
Bitcoin drops to one-week low as retail buys gold at highest prices since June
Bitcoin (BTC) headed lower around Tuesday’s Wall Street open as investors’ appetite for gold sent the precious metal to nine-week highs.
Key points:
Bitcoin takes a backseat as gold steals the limelight climbing to $4,435 per ounce.
Analysis eyes the Bitcoin-gold positive correlation still in place.
Key resistance near $66,000 keeps BTC price action in check ahead of the US CPI inflation print.
Retail investors pile into gold ETFs
Data from TradingView showed BTC/USD abandoning a low-timeframe rebound to drop back below $64,000.
BTC/USD four-hour chart. Source: Cointelegraph/TradingView
The pair finished down 1.5% on Monday thanks to concerns over the US-Iran war and the latest impasse over the reopening of the Strait of Hormuz oil route. US stocks tracked sideways amid a fresh 5% surge in oil prices.
As uncertainty grew, new data showed increasing demand for safe haven gold, which hit $4,435 per ounce on Tuesday, its highest level since June 5. Chinese appetites for the precious metal were already on the radar in August.
XAU/USD one-day chart. Source: Cointelegraph/TradingView
Trading resource The Kobeissi Letter highlighted particular interest from the retail sector — currently a key missing component in crypto markets. NYSE ARCA-traded SPDR Gold Shares (GLD) exchange-traded fund attracted daily retail inflows of $50 million on Aug. 5 — the highest single-day tally since mid-March for the largest US physical gold-backed ETF product. The day’s total inflow was $637 million, while the US spot Bitcoin ETFs saw a combined inflow of $244.4 million.
“So far in August, investors have added +$1.4 billion to $GLD , putting the ETF on track for its first monthly inflow since February. Investor appetite for gold is back,” Kobeissi Letter said in a post on X.
GLD retail-investor netflows data. Source: The Kobeissi Letter on X.com
Despite lackluster August BTC price performance, the biggest crypto retained its positive correlation to gold on a 90-day rolling basis, data from onchain analytics platform CryptoQuant showed. “Bitcoin–gold correlation is back to digital-gold-era levels,” CEO Ki Young Ju wrote as an annotation to his data infographics on X.
Bitcoin-gold 90-day correlation data. Source: Ki Young Ju on X.com
Familiar BTC price resistance in place as CPI nears
Within low time frames, BTC/USD continued to be contained by a long-term trend line, the 50-month exponential moving average (EMA) at $65,827.
As Cointelegraph reported, this coincided with an area of potential short liquidations. Since the start of June, the pair has managed just three daily closes above the 50-month EMA.
BTC/USD one-day chart with 50-month EMA. Source: Cointelegraph/TradingView
That’s leading market participants to maintain their monitoring of the zone below $66,000 as rangebound behavior continued.
“It’s still stuck in this range, meaning that this recent correction was most likely just a liquidity grab from leveraged longs being positioned in the markets. Consolidation here, and preferably a slight bounce upwards to $64,500 would trigger that we’re not continuing the cascade,” trader and analyst Michaël van de Poppe told X followers on Tuesday.
“If there’s a breakout above $65,800, the likelihood of running to $73,000 is there.”
BTC/USDT one-day chart. Source: Michaël van de Poppe on X.com
Wednesday sees the first of this week’s key risk-asset volatility catalysts in the form of the US Consumer Price Index (CPI) print for July. Crypto markets have historically weakened into major US inflation data releases, while July’s soft print sparked daily gains of over 4%.
Key points:
Bitcoin takes a backseat as gold steals the limelight climbing to $4,435 per ounce.
Analysis eyes the Bitcoin-gold positive correlation still in place.
Key resistance near $66,000 keeps BTC price action in check ahead of the US CPI inflation print.
Retail investors pile into gold ETFs
Data from TradingView showed BTC/USD abandoning a low-timeframe rebound to drop back below $64,000.
BTC/USD four-hour chart. Source: Cointelegraph/TradingView
The pair finished down 1.5% on Monday thanks to concerns over the US-Iran war and the latest impasse over the reopening of the Strait of Hormuz oil route. US stocks tracked sideways amid a fresh 5% surge in oil prices.
As uncertainty grew, new data showed increasing demand for safe haven gold, which hit $4,435 per ounce on Tuesday, its highest level since June 5. Chinese appetites for the precious metal were already on the radar in August.
XAU/USD one-day chart. Source: Cointelegraph/TradingView
Trading resource The Kobeissi Letter highlighted particular interest from the retail sector — currently a key missing component in crypto markets. NYSE ARCA-traded SPDR Gold Shares (GLD) exchange-traded fund attracted daily retail inflows of $50 million on Aug. 5 — the highest single-day tally since mid-March for the largest US physical gold-backed ETF product. The day’s total inflow was $637 million, while the US spot Bitcoin ETFs saw a combined inflow of $244.4 million.
“So far in August, investors have added +$1.4 billion to $GLD , putting the ETF on track for its first monthly inflow since February. Investor appetite for gold is back,” Kobeissi Letter said in a post on X.
GLD retail-investor netflows data. Source: The Kobeissi Letter on X.com
Despite lackluster August BTC price performance, the biggest crypto retained its positive correlation to gold on a 90-day rolling basis, data from onchain analytics platform CryptoQuant showed. “Bitcoin–gold correlation is back to digital-gold-era levels,” CEO Ki Young Ju wrote as an annotation to his data infographics on X.
Bitcoin-gold 90-day correlation data. Source: Ki Young Ju on X.com
Familiar BTC price resistance in place as CPI nears
Within low time frames, BTC/USD continued to be contained by a long-term trend line, the 50-month exponential moving average (EMA) at $65,827.
As Cointelegraph reported, this coincided with an area of potential short liquidations. Since the start of June, the pair has managed just three daily closes above the 50-month EMA.
BTC/USD one-day chart with 50-month EMA. Source: Cointelegraph/TradingView
That’s leading market participants to maintain their monitoring of the zone below $66,000 as rangebound behavior continued.
“It’s still stuck in this range, meaning that this recent correction was most likely just a liquidity grab from leveraged longs being positioned in the markets. Consolidation here, and preferably a slight bounce upwards to $64,500 would trigger that we’re not continuing the cascade,” trader and analyst Michaël van de Poppe told X followers on Tuesday.
“If there’s a breakout above $65,800, the likelihood of running to $73,000 is there.”
BTC/USDT one-day chart. Source: Michaël van de Poppe on X.com
Wednesday sees the first of this week’s key risk-asset volatility catalysts in the form of the US Consumer Price Index (CPI) print for July. Crypto markets have historically weakened into major US inflation data releases, while July’s soft print sparked daily gains of over 4%.
191
ADI Chain, Shipfinex partner to tokenize $500M vessel pipelineDubai-based maritime asset tokenization platform Shipfinex partnered with ADI Chain to tokenize a pipeline of around 35 vessels worth $500 million, as it looks to open new financing channels for shipowners.
According to the company, the vessels will be placed in separate special-purpose vehicles, with the resulting tokens potentially representing vessel-backed credit, charter-linked income or other economic interests in individual ships.
ADI Chain, an Abu Dhabi-based blockchain focused on stablecoins and real-world assets, will provide the distribution and settlement infrastructure. Primary allocations and distributions are expected to use UAE dirham-, US dollar- and other currency-denominated stablecoins.
The planned tokenization represents a small share of the broader shipping market. The world fleet and orderbook were valued at about $2.1 trillion at the start of 2026, according to Clarksons Research data.
The partnership is still in the pilot and operational-readiness stage, with no Maritime Asset Tokens publicly issued and the regulated issuance route still being finalized.
The deal comes as the market for tokenized real-world assets (RWAs) continues to grow. Assets tracked by RWA.xyz totaled about $38.1 billion as of Aug. 9, led by $16.2 billion in US Treasury debt and $4.9 billion in commodities.
In a report released Monday, Standard Chartered forecast that tokenized RWAs could reach $4 trillion by the end of 2028, according to Geoff Kendrick, the bank’s global head of digital asset research.
Magazine: 10 weirdest things ever tokenized... including farts
ADI Chain, Shipfinex partner to tokenize $500M vessel pipeline
Dubai-based maritime asset tokenization platform Shipfinex partnered with ADI Chain to tokenize a pipeline of around 35 vessels worth $500 million, as it looks to open new financing channels for shipowners.
According to the company, the vessels will be placed in separate special-purpose vehicles, with the resulting tokens potentially representing vessel-backed credit, charter-linked income or other economic interests in individual ships.
ADI Chain, an Abu Dhabi-based blockchain focused on stablecoins and real-world assets, will provide the distribution and settlement infrastructure. Primary allocations and distributions are expected to use UAE dirham-, US dollar- and other currency-denominated stablecoins.
The planned tokenization represents a small share of the broader shipping market. The world fleet and orderbook were valued at about $2.1 trillion at the start of 2026, according to Clarksons Research data.
The partnership is still in the pilot and operational-readiness stage, with no Maritime Asset Tokens publicly issued and the regulated issuance route still being finalized.
The deal comes as the market for tokenized real-world assets (RWAs) continues to grow. Assets tracked by RWA.xyz totaled about $38.1 billion as of Aug. 9, led by $16.2 billion in US Treasury debt and $4.9 billion in commodities.
In a report released Monday, Standard Chartered forecast that tokenized RWAs could reach $4 trillion by the end of 2028, according to Geoff Kendrick, the bank’s global head of digital asset research.
Magazine: 10 weirdest things ever tokenized... including farts
According to the company, the vessels will be placed in separate special-purpose vehicles, with the resulting tokens potentially representing vessel-backed credit, charter-linked income or other economic interests in individual ships.
ADI Chain, an Abu Dhabi-based blockchain focused on stablecoins and real-world assets, will provide the distribution and settlement infrastructure. Primary allocations and distributions are expected to use UAE dirham-, US dollar- and other currency-denominated stablecoins.
The planned tokenization represents a small share of the broader shipping market. The world fleet and orderbook were valued at about $2.1 trillion at the start of 2026, according to Clarksons Research data.
The partnership is still in the pilot and operational-readiness stage, with no Maritime Asset Tokens publicly issued and the regulated issuance route still being finalized.
The deal comes as the market for tokenized real-world assets (RWAs) continues to grow. Assets tracked by RWA.xyz totaled about $38.1 billion as of Aug. 9, led by $16.2 billion in US Treasury debt and $4.9 billion in commodities.
In a report released Monday, Standard Chartered forecast that tokenized RWAs could reach $4 trillion by the end of 2028, according to Geoff Kendrick, the bank’s global head of digital asset research.
Magazine: 10 weirdest things ever tokenized... including farts
111
Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%Keel Infrastructure said it has decommissioned all US Bitcoin mining operations in preparation for high-performance computing (HPC) site construction, according to its second-quarter report published on Monday.
The digital infrastructure company reported $30 million in revenue, down 50% year-on-year. The decrease was largely attributed to a decline in the average Bitcoin (BTC) price and the shutdown of its Moses Lake crypto mining operations in April 2026.
The company also reported a $141 million operating loss, compared with operating income of $11 million in the same period last year. The loss included $84 million in non-cash depreciation.
Multiple Bitcoin miners have expanded into AI infrastructure, but Keel is among the few to fully exit US Bitcoin mining as it shifts toward HPC. Other companies that halted mining operations to pivot to AI include Bit Digital and Crusoe.
Keel held 1,861 BTC as of Friday after selling 1,085 BTC for $75 million since April 1 as part of its ongoing wind-down of its Bitcoin holdings. The company also reported about $819 million in liquidity, including $698 million in unrestricted cash.
Keel’s stock price fell 12% on Monday, according to Yahoo Finance.
Magazine: How Bitcoin mining heat is being tested to warm Canadian greenhouses
Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%
Keel Infrastructure said it has decommissioned all US Bitcoin mining operations in preparation for high-performance computing (HPC) site construction, according to its second-quarter report published on Monday.
The digital infrastructure company reported $30 million in revenue, down 50% year-on-year. The decrease was largely attributed to a decline in the average Bitcoin (BTC) price and the shutdown of its Moses Lake crypto mining operations in April 2026.
The company also reported a $141 million operating loss, compared with operating income of $11 million in the same period last year. The loss included $84 million in non-cash depreciation.
Multiple Bitcoin miners have expanded into AI infrastructure, but Keel is among the few to fully exit US Bitcoin mining as it shifts toward HPC. Other companies that halted mining operations to pivot to AI include Bit Digital and Crusoe.
Keel held 1,861 BTC as of Friday after selling 1,085 BTC for $75 million since April 1 as part of its ongoing wind-down of its Bitcoin holdings. The company also reported about $819 million in liquidity, including $698 million in unrestricted cash.
Keel’s stock price fell 12% on Monday, according to Yahoo Finance.
Magazine: How Bitcoin mining heat is being tested to warm Canadian greenhouses
The digital infrastructure company reported $30 million in revenue, down 50% year-on-year. The decrease was largely attributed to a decline in the average Bitcoin (BTC) price and the shutdown of its Moses Lake crypto mining operations in April 2026.
The company also reported a $141 million operating loss, compared with operating income of $11 million in the same period last year. The loss included $84 million in non-cash depreciation.
Multiple Bitcoin miners have expanded into AI infrastructure, but Keel is among the few to fully exit US Bitcoin mining as it shifts toward HPC. Other companies that halted mining operations to pivot to AI include Bit Digital and Crusoe.
Keel held 1,861 BTC as of Friday after selling 1,085 BTC for $75 million since April 1 as part of its ongoing wind-down of its Bitcoin holdings. The company also reported about $819 million in liquidity, including $698 million in unrestricted cash.
Keel’s stock price fell 12% on Monday, according to Yahoo Finance.
Magazine: How Bitcoin mining heat is being tested to warm Canadian greenhouses
76
SharpLink reports $394M in Q2 net loss fueled by ETH declineSharpLink, the second-largest Ether treasury company, reported a net loss of $394 million for the second quarter of 2026, compared to a $103 million net loss during the same period last year.
The loss included $321 million in unrealized crypto losses and $76 million in impairments on staked Ether (ETH) tokens, according to a Monday announcement.
The Miami, Florida-based Ether treasury company said it generated $11.5 million in revenue, including $11.1 million from ETH staking. Cash and cash equivalents totaled $56 million, up from $28 million in December 2025.
SharpLink holds 632,784 Ether, worth $1.2 billion, and 181,321 ETH, or $343 million, through various liquid staked Ether tokens, which exposes the company to the second-biggest crypto’s price movement. Ether fell around 23% during the second quarter of 2026, according to CoinMarketCap.
SharpLink resumed its Ether purchases with a $7.8 million buy in late June, after pausing buying for eight months. It bought another 10,000 Ether for about $16 million days later.
SharpLink’s stock price fell 3.9% on Monday, extending its 30% year-to-date decline, according to Yahoo Finance data.
The company ranks as the second-largest Ether treasury company, with its current 863,000 ETH holdings worth $1.46 billion. Bitmine is the largest corporate Ether holder, with 5.54 million ETH, worth $9.4 billion, according to StrategicEthReserve data.
Magazine: Ethereum’s EEZ could pull other blockchains into its orbit
SharpLink reports $394M in Q2 net loss fueled by ETH decline
SharpLink, the second-largest Ether treasury company, reported a net loss of $394 million for the second quarter of 2026, compared to a $103 million net loss during the same period last year.
The loss included $321 million in unrealized crypto losses and $76 million in impairments on staked Ether (ETH) tokens, according to a Monday announcement.
The Miami, Florida-based Ether treasury company said it generated $11.5 million in revenue, including $11.1 million from ETH staking. Cash and cash equivalents totaled $56 million, up from $28 million in December 2025.
SharpLink holds 632,784 Ether, worth $1.2 billion, and 181,321 ETH, or $343 million, through various liquid staked Ether tokens, which exposes the company to the second-biggest crypto’s price movement. Ether fell around 23% during the second quarter of 2026, according to CoinMarketCap.
SharpLink resumed its Ether purchases with a $7.8 million buy in late June, after pausing buying for eight months. It bought another 10,000 Ether for about $16 million days later.
SharpLink’s stock price fell 3.9% on Monday, extending its 30% year-to-date decline, according to Yahoo Finance data.
The company ranks as the second-largest Ether treasury company, with its current 863,000 ETH holdings worth $1.46 billion. Bitmine is the largest corporate Ether holder, with 5.54 million ETH, worth $9.4 billion, according to StrategicEthReserve data.
Magazine: Ethereum’s EEZ could pull other blockchains into its orbit
The loss included $321 million in unrealized crypto losses and $76 million in impairments on staked Ether (ETH) tokens, according to a Monday announcement.
The Miami, Florida-based Ether treasury company said it generated $11.5 million in revenue, including $11.1 million from ETH staking. Cash and cash equivalents totaled $56 million, up from $28 million in December 2025.
SharpLink holds 632,784 Ether, worth $1.2 billion, and 181,321 ETH, or $343 million, through various liquid staked Ether tokens, which exposes the company to the second-biggest crypto’s price movement. Ether fell around 23% during the second quarter of 2026, according to CoinMarketCap.
SharpLink resumed its Ether purchases with a $7.8 million buy in late June, after pausing buying for eight months. It bought another 10,000 Ether for about $16 million days later.
SharpLink’s stock price fell 3.9% on Monday, extending its 30% year-to-date decline, according to Yahoo Finance data.
The company ranks as the second-largest Ether treasury company, with its current 863,000 ETH holdings worth $1.46 billion. Bitmine is the largest corporate Ether holder, with 5.54 million ETH, worth $9.4 billion, according to StrategicEthReserve data.
Magazine: Ethereum’s EEZ could pull other blockchains into its orbit
77
EToro to buy TradeZero as Q2 crypto revenue falls 30%Trading platform eToro plans to acquire US online brokerage TradeZero as part of its US expansion plans, the company announced Tuesday.
In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million.
Equities and commodities-related trading generated $141 million in net income for the platform.
The company has been expanding into digital assets as part of its plans to become a multi-asset platform. In April, it announced plans to acquire self-custodial wallet provider Zengo.
“More than 60% of users who traded commodities during Q4 2025 to Q1 2026 subsequently traded equities in Q2 2026, and nearly nine in ten of those users have also traded crypto on eToro,” said Meron Shani, the chief financial officer at eToro.
Total cryptocurrency trades on the platform fell to 1.4 million in July, marking a 73% decline year-on-year. The invested amount was down 50%.
TradeZero generated about $80 million of revenue with 81% gross margins in the last 12 months ended June 30, 2026. EToro expects the deal to be accretive to adjusted earnings per share in the first year after closing, which is expected in the first half of 2026.
The Nasdaq-traded ETOR shares were down more than 5% in pre-market activity on Tuesday, poised to extend Monday’s decline, according to Yahoo Finance data.
Magazine: Why Peter Thiel’s Founders Fund walked away from an Ether treasury bet
EToro to buy TradeZero as Q2 crypto revenue falls 30%
Trading platform eToro plans to acquire US online brokerage TradeZero as part of its US expansion plans, the company announced Tuesday.
In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million.
Equities and commodities-related trading generated $141 million in net income for the platform.
The company has been expanding into digital assets as part of its plans to become a multi-asset platform. In April, it announced plans to acquire self-custodial wallet provider Zengo.
“More than 60% of users who traded commodities during Q4 2025 to Q1 2026 subsequently traded equities in Q2 2026, and nearly nine in ten of those users have also traded crypto on eToro,” said Meron Shani, the chief financial officer at eToro.
Total cryptocurrency trades on the platform fell to 1.4 million in July, marking a 73% decline year-on-year. The invested amount was down 50%.
TradeZero generated about $80 million of revenue with 81% gross margins in the last 12 months ended June 30, 2026. EToro expects the deal to be accretive to adjusted earnings per share in the first year after closing, which is expected in the first half of 2026.
The Nasdaq-traded ETOR shares were down more than 5% in pre-market activity on Tuesday, poised to extend Monday’s decline, according to Yahoo Finance data.
Magazine: Why Peter Thiel’s Founders Fund walked away from an Ether treasury bet
In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million.
Equities and commodities-related trading generated $141 million in net income for the platform.
The company has been expanding into digital assets as part of its plans to become a multi-asset platform. In April, it announced plans to acquire self-custodial wallet provider Zengo.
“More than 60% of users who traded commodities during Q4 2025 to Q1 2026 subsequently traded equities in Q2 2026, and nearly nine in ten of those users have also traded crypto on eToro,” said Meron Shani, the chief financial officer at eToro.
Total cryptocurrency trades on the platform fell to 1.4 million in July, marking a 73% decline year-on-year. The invested amount was down 50%.
TradeZero generated about $80 million of revenue with 81% gross margins in the last 12 months ended June 30, 2026. EToro expects the deal to be accretive to adjusted earnings per share in the first year after closing, which is expected in the first half of 2026.
The Nasdaq-traded ETOR shares were down more than 5% in pre-market activity on Tuesday, poised to extend Monday’s decline, according to Yahoo Finance data.
Magazine: Why Peter Thiel’s Founders Fund walked away from an Ether treasury bet
72
SharpLink reports $394M in Q2 net loss fueled by ETH declineSharpLink, the second-largest Ether treasury company, reported a net loss of $394 million for the second quarter of 2026, compared to a $103 million net loss during the same period last year.
The loss included $321 million in unrealized crypto losses and $76 million in impairments on staked Ether (ETH) tokens, according to a Monday announcement.
The Miami, Florida-based Ether treasury company said it generated $11.5 million in revenue, including $11.1 million from ETH staking. Cash and cash equivalents totaled $56 million, up from $28 million in December 2025.
SharpLink holds 632,784 Ether, worth $1.2 billion, and 181,321 ETH, or $343 million, through various liquid staked Ether tokens, which exposes the company to the second-biggest crypto’s price movement. Ether fell around 23% during the second quarter of 2026, according to CoinMarketCap.
SharpLink resumed its Ether purchases with a $7.8 million buy in late June, after pausing buying for eight months. It bought another 10,000 Ether for about $16 million days later.
SharpLink’s stock price fell 3.9% on Monday, extending its 30% year-to-date decline, according to Yahoo Finance data.
The company ranks as the second-largest Ether treasury company, with its current 863,000 ETH holdings worth $1.46 billion. Bitmine is the largest corporate Ether holder, with 5.54 million ETH, worth $9.4 billion, according to StrategicEthReserve data.
Magazine: Ethereum’s EEZ could pull other blockchains into its orbit
SharpLink reports $394M in Q2 net loss fueled by ETH decline
SharpLink, the second-largest Ether treasury company, reported a net loss of $394 million for the second quarter of 2026, compared to a $103 million net loss during the same period last year.
The loss included $321 million in unrealized crypto losses and $76 million in impairments on staked Ether (ETH) tokens, according to a Monday announcement.
The Miami, Florida-based Ether treasury company said it generated $11.5 million in revenue, including $11.1 million from ETH staking. Cash and cash equivalents totaled $56 million, up from $28 million in December 2025.
SharpLink holds 632,784 Ether, worth $1.2 billion, and 181,321 ETH, or $343 million, through various liquid staked Ether tokens, which exposes the company to the second-biggest crypto’s price movement. Ether fell around 23% during the second quarter of 2026, according to CoinMarketCap.
SharpLink resumed its Ether purchases with a $7.8 million buy in late June, after pausing buying for eight months. It bought another 10,000 Ether for about $16 million days later.
SharpLink’s stock price fell 3.9% on Monday, extending its 30% year-to-date decline, according to Yahoo Finance data.
The company ranks as the second-largest Ether treasury company, with its current 863,000 ETH holdings worth $1.46 billion. Bitmine is the largest corporate Ether holder, with 5.54 million ETH, worth $9.4 billion, according to StrategicEthReserve data.
Magazine: Ethereum’s EEZ could pull other blockchains into its orbit
The loss included $321 million in unrealized crypto losses and $76 million in impairments on staked Ether (ETH) tokens, according to a Monday announcement.
The Miami, Florida-based Ether treasury company said it generated $11.5 million in revenue, including $11.1 million from ETH staking. Cash and cash equivalents totaled $56 million, up from $28 million in December 2025.
SharpLink holds 632,784 Ether, worth $1.2 billion, and 181,321 ETH, or $343 million, through various liquid staked Ether tokens, which exposes the company to the second-biggest crypto’s price movement. Ether fell around 23% during the second quarter of 2026, according to CoinMarketCap.
SharpLink resumed its Ether purchases with a $7.8 million buy in late June, after pausing buying for eight months. It bought another 10,000 Ether for about $16 million days later.
SharpLink’s stock price fell 3.9% on Monday, extending its 30% year-to-date decline, according to Yahoo Finance data.
The company ranks as the second-largest Ether treasury company, with its current 863,000 ETH holdings worth $1.46 billion. Bitmine is the largest corporate Ether holder, with 5.54 million ETH, worth $9.4 billion, according to StrategicEthReserve data.
Magazine: Ethereum’s EEZ could pull other blockchains into its orbit
113
EToro to buy TradeZero as Q2 crypto revenue falls 30%Trading platform eToro plans to acquire US online brokerage TradeZero as part of its US expansion plans, the company announced Tuesday.
In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million.
Equities and commodities-related trading generated $141 million in net income for the platform.
The company has been expanding into digital assets as part of its plans to become a multi-asset platform. In April, it announced plans to acquire self-custodial wallet provider Zengo.
“More than 60% of users who traded commodities during Q4 2025 to Q1 2026 subsequently traded equities in Q2 2026, and nearly nine in ten of those users have also traded crypto on eToro,” said Meron Shani, the chief financial officer at eToro.
Total cryptocurrency trades on the platform fell to 1.4 million in July, marking a 73% decline year-over-year. Invested amount was also down 50%.
TradeZero generated about $80 million of revenue with 81% gross margins in the last 12 months ended June 30, 2026. EToro expects the deal to be accretive to adjusted earnings per share in the first year after closing, which is expected in the first half of 2026.
The Nasdaq-traded ETOR shares were down more than 5% in pre-market activity on Tuesday, poised to extend Monday’s decline, according to Yahoo Finance data.
Magazine: Why Peter Thiel’s Founders Fund walked away from an Ether treasury bet
EToro to buy TradeZero as Q2 crypto revenue falls 30%
Trading platform eToro plans to acquire US online brokerage TradeZero as part of its US expansion plans, the company announced Tuesday.
In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million.
Equities and commodities-related trading generated $141 million in net income for the platform.
The company has been expanding into digital assets as part of its plans to become a multi-asset platform. In April, it announced plans to acquire self-custodial wallet provider Zengo.
“More than 60% of users who traded commodities during Q4 2025 to Q1 2026 subsequently traded equities in Q2 2026, and nearly nine in ten of those users have also traded crypto on eToro,” said Meron Shani, the chief financial officer at eToro.
Total cryptocurrency trades on the platform fell to 1.4 million in July, marking a 73% decline year-over-year. Invested amount was also down 50%.
TradeZero generated about $80 million of revenue with 81% gross margins in the last 12 months ended June 30, 2026. EToro expects the deal to be accretive to adjusted earnings per share in the first year after closing, which is expected in the first half of 2026.
The Nasdaq-traded ETOR shares were down more than 5% in pre-market activity on Tuesday, poised to extend Monday’s decline, according to Yahoo Finance data.
Magazine: Why Peter Thiel’s Founders Fund walked away from an Ether treasury bet
In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million.
Equities and commodities-related trading generated $141 million in net income for the platform.
The company has been expanding into digital assets as part of its plans to become a multi-asset platform. In April, it announced plans to acquire self-custodial wallet provider Zengo.
“More than 60% of users who traded commodities during Q4 2025 to Q1 2026 subsequently traded equities in Q2 2026, and nearly nine in ten of those users have also traded crypto on eToro,” said Meron Shani, the chief financial officer at eToro.
Total cryptocurrency trades on the platform fell to 1.4 million in July, marking a 73% decline year-over-year. Invested amount was also down 50%.
TradeZero generated about $80 million of revenue with 81% gross margins in the last 12 months ended June 30, 2026. EToro expects the deal to be accretive to adjusted earnings per share in the first year after closing, which is expected in the first half of 2026.
The Nasdaq-traded ETOR shares were down more than 5% in pre-market activity on Tuesday, poised to extend Monday’s decline, according to Yahoo Finance data.
Magazine: Why Peter Thiel’s Founders Fund walked away from an Ether treasury bet
57
Russia proposes exchange trading of Bitcoin, Ether and Tether’s USDTRussia’s central bank has compiled a proposed list of crypto assets that could be admitted to public trading on exchanges under new rules approved last week.
The list includes Bitcoin, Ether and Tether’s stablecoin USDT, the Bank of Russia said Tuesday, adding that the assets meet criteria including market capitalization, average daily trading volume and at least five years of price history on overseas markets.
The proposal follows a new law, signed by President Vladimir Putin on Aug. 4, that gives the Bank of Russia authority to determine which digital currencies can be admitted to organized trading and set related rules.
Under the rules, non-qualified investors could buy up to 300,000 Russian rubles ($3,650) worth of cryptocurrency per year through each intermediary, including a broker, crypto exchange service or asset manager. Qualified investors would face no purchase limits for crypto assets traded on exchanges or over-the-counter markets.
“Before making transactions, all investors, regardless of their status, will have to pass a test and familiarize themselves with the risks of investing in crypto assets,” the Bank of Russia said.
The central bank said the restrictions are designed to protect non-qualified investors from sharp and unpredictable fluctuations in crypto prices. The regulator is accepting comments on the proposal until Aug. 24.
Russia proposes exchange trading of Bitcoin, Ether and Tether’s USDT
Russia’s central bank has compiled a proposed list of crypto assets that could be admitted to public trading on exchanges under new rules approved last week.
The list includes Bitcoin, Ether and Tether’s stablecoin USDT, the Bank of Russia said Tuesday, adding that the assets meet criteria including market capitalization, average daily trading volume and at least five years of price history on overseas markets.
The proposal follows a new law, signed by President Vladimir Putin on Aug. 4, that gives the Bank of Russia authority to determine which digital currencies can be admitted to organized trading and set related rules.
Under the rules, non-qualified investors could buy up to 300,000 Russian rubles ($3,650) worth of cryptocurrency per year through each intermediary, including a broker, crypto exchange service or asset manager. Qualified investors would face no purchase limits for crypto assets traded on exchanges or over-the-counter markets.
“Before making transactions, all investors, regardless of their status, will have to pass a test and familiarize themselves with the risks of investing in crypto assets,” the Bank of Russia said.
The central bank said the restrictions are designed to protect non-qualified investors from sharp and unpredictable fluctuations in crypto prices. The regulator is accepting comments on the proposal until Aug. 24.
The list includes Bitcoin, Ether and Tether’s stablecoin USDT, the Bank of Russia said Tuesday, adding that the assets meet criteria including market capitalization, average daily trading volume and at least five years of price history on overseas markets.
The proposal follows a new law, signed by President Vladimir Putin on Aug. 4, that gives the Bank of Russia authority to determine which digital currencies can be admitted to organized trading and set related rules.
Under the rules, non-qualified investors could buy up to 300,000 Russian rubles ($3,650) worth of cryptocurrency per year through each intermediary, including a broker, crypto exchange service or asset manager. Qualified investors would face no purchase limits for crypto assets traded on exchanges or over-the-counter markets.
“Before making transactions, all investors, regardless of their status, will have to pass a test and familiarize themselves with the risks of investing in crypto assets,” the Bank of Russia said.
The central bank said the restrictions are designed to protect non-qualified investors from sharp and unpredictable fluctuations in crypto prices. The regulator is accepting comments on the proposal until Aug. 24.
119
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Bitcoin sell pressure ‘closer to exhaustion’ after $4B USDT market-cap drop: CryptoQuantBiggest stablecoin Tether (USDT) has shed $4 billion in market cap in just two months, but history suggests that the downturn is nearly over.
Key points:
Tether’s 60-day rolling market-cap contraction stays near $4 billion in one of its heaviest drawdowns.
Analysis suggests that the worst of bear-market selling pressure could be over as a result.
Comparison to 2022 bear-market highlights an ongoing RSI divergence.
USDT drawdown puts “acceleration” of Bitcoin selling in doubt
Onchain analytics platform CryptoQuant in a blog post last week flagged market cap “undergoing one of its sharpest contractions on record.”
“The deterioration has also accelerated at the margin: nearly $870 million of USDT supply disappeared over the latest 11-day period, showing that the contraction is not merely a legacy effect from earlier redemptions,” analysts wrote.
CryptoQuant data puts the 30-day simple moving average (SMA) of 60-day USDT market-cap change at minus $4.88 billion as of Aug. 10.
USDT 60-day market-cap change vs. BTC/USD. Source: CryptoQuant
The extent of the drawdown echoes crypto bear markets and rivals the largest ever seen. Its severity has implications for Bitcoin and the broader market recovery. Stablecoins provide a key source of liquidity, and when this evaporates, less capital or “dry powder” is available for deployment, showing a lack of interest among investors in stepping in at a given price.
“The caution is that correlation between USDT flows and BTC price doesn’t settle causality. Both likely respond to the same risk-off conditions, with redemptions accelerating alongside spot selling rather than strictly ahead of it,” CryptoQuant analysts said. They added:
“Periods of sustained USDT expansion have generally coincided with stronger Bitcoin price regimes, while prolonged contractions have accompanied weaker demand, deeper corrections, and deteriorating market conditions.”
Expanded USDT 60-day market-cap change vs. BTC/USD. Source: CryptoQuant
The steepest 60-day contraction period for USDT market cap completed on July 13, when it reached minus $5.72 billion.
Zooming out, CryptoQuant notes that the most pronounced contraction phases have historically occurred in the final phases of macro market downturns.
“Historically, the market’s deepest USDT contraction phases have also marked points where selling pressure was closer to exhaustion than to further acceleration,” it added.
Weekly RSI divergence echoes 2022 reversal
The findings add to the mounting body of evidence that suggests the current bear market is in its final stages.
As Cointelegraph continues to report, consensus among market participants increasingly favors a new Bitcoin macro bottom forming before the end of 2026. Both comparisons to previous bear markets and onchain indicators, however, see the downturn continuing in the short term.
Independent analyst William Clemente’s Aug. 8 BTC outlook echoed the prognosis while describing the Bitcoin network as “fundamentally healthy.”
“I think Bitcoin is ‘cheap’ although we could have a leg lower at some point throughout the year,” he summarized.
His subsequent X post highlighted an unfolding bullish divergence between BTC/USD and the relative strength index (RSI) on weekly time frames — a classic leading indicator for a market reversal which accompanied the end of the 2022 bear market.
BTC/USD one-week chart with RSI divergences marked. Source: William Clemente on X.com
Bitcoin sell pressure ‘closer to exhaustion’ after $4B USDT market-cap drop: CryptoQuant
Biggest stablecoin Tether (USDT) has shed $4 billion in market cap in just two months, but history suggests that the downturn is nearly over.
Key points:
Tether’s 60-day rolling market-cap contraction stays near $4 billion in one of its heaviest drawdowns.
Analysis suggests that the worst of bear-market selling pressure could be over as a result.
Comparison to 2022 bear-market highlights an ongoing RSI divergence.
USDT drawdown puts “acceleration” of Bitcoin selling in doubt
Onchain analytics platform CryptoQuant in a blog post last week flagged market cap “undergoing one of its sharpest contractions on record.”
“The deterioration has also accelerated at the margin: nearly $870 million of USDT supply disappeared over the latest 11-day period, showing that the contraction is not merely a legacy effect from earlier redemptions,” analysts wrote.
CryptoQuant data puts the 30-day simple moving average (SMA) of 60-day USDT market-cap change at minus $4.88 billion as of Aug. 10.
USDT 60-day market-cap change vs. BTC/USD. Source: CryptoQuant
The extent of the drawdown echoes crypto bear markets and rivals the largest ever seen. Its severity has implications for Bitcoin and the broader market recovery. Stablecoins provide a key source of liquidity, and when this evaporates, less capital or “dry powder” is available for deployment, showing a lack of interest among investors in stepping in at a given price.
“The caution is that correlation between USDT flows and BTC price doesn’t settle causality. Both likely respond to the same risk-off conditions, with redemptions accelerating alongside spot selling rather than strictly ahead of it,” CryptoQuant analysts said. They added:
“Periods of sustained USDT expansion have generally coincided with stronger Bitcoin price regimes, while prolonged contractions have accompanied weaker demand, deeper corrections, and deteriorating market conditions.”
Expanded USDT 60-day market-cap change vs. BTC/USD. Source: CryptoQuant
The steepest 60-day contraction period for USDT market cap completed on July 13, when it reached minus $5.72 billion.
Zooming out, CryptoQuant notes that the most pronounced contraction phases have historically occurred in the final phases of macro market downturns.
“Historically, the market’s deepest USDT contraction phases have also marked points where selling pressure was closer to exhaustion than to further acceleration,” it added.
Weekly RSI divergence echoes 2022 reversal
The findings add to the mounting body of evidence that suggests the current bear market is in its final stages.
As Cointelegraph continues to report, consensus among market participants increasingly favors a new Bitcoin macro bottom forming before the end of 2026. Both comparisons to previous bear markets and onchain indicators, however, see the downturn continuing in the short term.
Independent analyst William Clemente’s Aug. 8 BTC outlook echoed the prognosis while describing the Bitcoin network as “fundamentally healthy.”
“I think Bitcoin is ‘cheap’ although we could have a leg lower at some point throughout the year,” he summarized.
His subsequent X post highlighted an unfolding bullish divergence between BTC/USD and the relative strength index (RSI) on weekly time frames — a classic leading indicator for a market reversal which accompanied the end of the 2022 bear market.
BTC/USD one-week chart with RSI divergences marked. Source: William Clemente on X.com
Key points:
Tether’s 60-day rolling market-cap contraction stays near $4 billion in one of its heaviest drawdowns.
Analysis suggests that the worst of bear-market selling pressure could be over as a result.
Comparison to 2022 bear-market highlights an ongoing RSI divergence.
USDT drawdown puts “acceleration” of Bitcoin selling in doubt
Onchain analytics platform CryptoQuant in a blog post last week flagged market cap “undergoing one of its sharpest contractions on record.”
“The deterioration has also accelerated at the margin: nearly $870 million of USDT supply disappeared over the latest 11-day period, showing that the contraction is not merely a legacy effect from earlier redemptions,” analysts wrote.
CryptoQuant data puts the 30-day simple moving average (SMA) of 60-day USDT market-cap change at minus $4.88 billion as of Aug. 10.
USDT 60-day market-cap change vs. BTC/USD. Source: CryptoQuant
The extent of the drawdown echoes crypto bear markets and rivals the largest ever seen. Its severity has implications for Bitcoin and the broader market recovery. Stablecoins provide a key source of liquidity, and when this evaporates, less capital or “dry powder” is available for deployment, showing a lack of interest among investors in stepping in at a given price.
“The caution is that correlation between USDT flows and BTC price doesn’t settle causality. Both likely respond to the same risk-off conditions, with redemptions accelerating alongside spot selling rather than strictly ahead of it,” CryptoQuant analysts said. They added:
“Periods of sustained USDT expansion have generally coincided with stronger Bitcoin price regimes, while prolonged contractions have accompanied weaker demand, deeper corrections, and deteriorating market conditions.”
Expanded USDT 60-day market-cap change vs. BTC/USD. Source: CryptoQuant
The steepest 60-day contraction period for USDT market cap completed on July 13, when it reached minus $5.72 billion.
Zooming out, CryptoQuant notes that the most pronounced contraction phases have historically occurred in the final phases of macro market downturns.
“Historically, the market’s deepest USDT contraction phases have also marked points where selling pressure was closer to exhaustion than to further acceleration,” it added.
Weekly RSI divergence echoes 2022 reversal
The findings add to the mounting body of evidence that suggests the current bear market is in its final stages.
As Cointelegraph continues to report, consensus among market participants increasingly favors a new Bitcoin macro bottom forming before the end of 2026. Both comparisons to previous bear markets and onchain indicators, however, see the downturn continuing in the short term.
Independent analyst William Clemente’s Aug. 8 BTC outlook echoed the prognosis while describing the Bitcoin network as “fundamentally healthy.”
“I think Bitcoin is ‘cheap’ although we could have a leg lower at some point throughout the year,” he summarized.
His subsequent X post highlighted an unfolding bullish divergence between BTC/USD and the relative strength index (RSI) on weekly time frames — a classic leading indicator for a market reversal which accompanied the end of the 2022 bear market.
BTC/USD one-week chart with RSI divergences marked. Source: William Clemente on X.com
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ບົດຄວາມ
Coldcard hack losses: How investigators trace stolen BitcoinThe Coldcard hack is testing crypto investigators’ ability to measure losses from self-custody wallets, where victim reports are critical to establishing the scale of the theft.
Blockchain analytics platform CryptoQuant currently puts confirmed losses at 1,432 Bitcoin, while other analysts have traced substantially more funds to the attack.
Galaxy Research and blockchain intelligence company TRM Labs both say their analysis points to a higher toll, while distinguishing between losses directly confirmed by victims and funds attributed to the attack through on-chain patterns.
That makes self-custody attacks difficult to quantify: Unlike an exchange hack, there is no complete list of affected accounts, leaving investigators to build estimates rather than pin down a definitive toll.
Galaxy traces losses beyond victim reports
Galaxy’s Alex Thorn told Cointelegraph the platform’s earlier estimate of as much as 1,816 BTC was a potential figure rather than a confirmed loss total.
As of Tuesday, Galaxy put its high-confidence minimum at 1,730 Bitcoin, with Thorn saying the figure could still increase as more victim reports corroborate attack patterns.
Source: Galaxy Research
“We have directly confirmed 450+ BTC directly from victim reports, but their reports have helped identify other, as-yet-unknown victims in more than 730 total BTC,” Thorn said. Galaxy uses those reports to corroborate broader attack patterns, while withholding funds it suspects but cannot yet sufficiently verify. “We are still withholding many more BTC we suspect but for which we lack sufficient corroboration,” Thorn said.
TRM Labs said its independent tracing lands in the same range as Galaxy, while its recent analysis estimated that attackers drained about 1,816 BTC from more than 5,200 addresses across four waves. “Investigators should expect the estimate to keep moving upward before it stabilizes,” TRM’s global head of policy Ari Redbord told Cointelegraph.
CryptoQuant takes a stricter approach
CryptoQuant’s head of research, Julio Moreno, told Cointelegraph that the company starts with public reports from victims, including wallet addresses or transaction IDs, and then checks those reports against known on-chain patterns from the attack.
That approach puts CryptoQuant’s confirmed tally at 1,432 BTC, which Moreno described as a floor that could rise if more victims publicly disclose their hacked addresses.
Source: CryptoQuant
Moreno said CryptoQuant is cautious about identifying victims solely from on-chain patterns because doing so could produce false positives and inflate the estimate.
“Because the stolen Bitcoin belonged to individuals and not to a centralized entity, like an exchange, we can only confirm what each victim publicly discloses,” he said.
Hard number to pin down
Moreno emphasized the total will remain an estimate because investigators can only confirm what victims disclose. He said:
“Knowing the total BTC stolen is difficult, and it will always be an estimation.”
Chainalysis told Cointelegraph it has not conducted an independent tally of the losses, while blockchain investigator ZachXBT publicly said he has no plans to monitor or trace the incident.
Magazine: Do the Coldcard attacks mean all hardware wallets are now insecure?
Coldcard hack losses: How investigators trace stolen Bitcoin
The Coldcard hack is testing crypto investigators’ ability to measure losses from self-custody wallets, where victim reports are critical to establishing the scale of the theft.
Blockchain analytics platform CryptoQuant currently puts confirmed losses at 1,432 Bitcoin, while other analysts have traced substantially more funds to the attack.
Galaxy Research and blockchain intelligence company TRM Labs both say their analysis points to a higher toll, while distinguishing between losses directly confirmed by victims and funds attributed to the attack through on-chain patterns.
That makes self-custody attacks difficult to quantify: Unlike an exchange hack, there is no complete list of affected accounts, leaving investigators to build estimates rather than pin down a definitive toll.
Galaxy traces losses beyond victim reports
Galaxy’s Alex Thorn told Cointelegraph the platform’s earlier estimate of as much as 1,816 BTC was a potential figure rather than a confirmed loss total.
As of Tuesday, Galaxy put its high-confidence minimum at 1,730 Bitcoin, with Thorn saying the figure could still increase as more victim reports corroborate attack patterns.
Source: Galaxy Research
“We have directly confirmed 450+ BTC directly from victim reports, but their reports have helped identify other, as-yet-unknown victims in more than 730 total BTC,” Thorn said. Galaxy uses those reports to corroborate broader attack patterns, while withholding funds it suspects but cannot yet sufficiently verify. “We are still withholding many more BTC we suspect but for which we lack sufficient corroboration,” Thorn said.
TRM Labs said its independent tracing lands in the same range as Galaxy, while its recent analysis estimated that attackers drained about 1,816 BTC from more than 5,200 addresses across four waves. “Investigators should expect the estimate to keep moving upward before it stabilizes,” TRM’s global head of policy Ari Redbord told Cointelegraph.
CryptoQuant takes a stricter approach
CryptoQuant’s head of research, Julio Moreno, told Cointelegraph that the company starts with public reports from victims, including wallet addresses or transaction IDs, and then checks those reports against known on-chain patterns from the attack.
That approach puts CryptoQuant’s confirmed tally at 1,432 BTC, which Moreno described as a floor that could rise if more victims publicly disclose their hacked addresses.
Source: CryptoQuant
Moreno said CryptoQuant is cautious about identifying victims solely from on-chain patterns because doing so could produce false positives and inflate the estimate.
“Because the stolen Bitcoin belonged to individuals and not to a centralized entity, like an exchange, we can only confirm what each victim publicly discloses,” he said.
Hard number to pin down
Moreno emphasized the total will remain an estimate because investigators can only confirm what victims disclose. He said:
“Knowing the total BTC stolen is difficult, and it will always be an estimation.”
Chainalysis told Cointelegraph it has not conducted an independent tally of the losses, while blockchain investigator ZachXBT publicly said he has no plans to monitor or trace the incident.
Magazine: Do the Coldcard attacks mean all hardware wallets are now insecure?
Blockchain analytics platform CryptoQuant currently puts confirmed losses at 1,432 Bitcoin, while other analysts have traced substantially more funds to the attack.
Galaxy Research and blockchain intelligence company TRM Labs both say their analysis points to a higher toll, while distinguishing between losses directly confirmed by victims and funds attributed to the attack through on-chain patterns.
That makes self-custody attacks difficult to quantify: Unlike an exchange hack, there is no complete list of affected accounts, leaving investigators to build estimates rather than pin down a definitive toll.
Galaxy traces losses beyond victim reports
Galaxy’s Alex Thorn told Cointelegraph the platform’s earlier estimate of as much as 1,816 BTC was a potential figure rather than a confirmed loss total.
As of Tuesday, Galaxy put its high-confidence minimum at 1,730 Bitcoin, with Thorn saying the figure could still increase as more victim reports corroborate attack patterns.
Source: Galaxy Research
“We have directly confirmed 450+ BTC directly from victim reports, but their reports have helped identify other, as-yet-unknown victims in more than 730 total BTC,” Thorn said. Galaxy uses those reports to corroborate broader attack patterns, while withholding funds it suspects but cannot yet sufficiently verify. “We are still withholding many more BTC we suspect but for which we lack sufficient corroboration,” Thorn said.
TRM Labs said its independent tracing lands in the same range as Galaxy, while its recent analysis estimated that attackers drained about 1,816 BTC from more than 5,200 addresses across four waves. “Investigators should expect the estimate to keep moving upward before it stabilizes,” TRM’s global head of policy Ari Redbord told Cointelegraph.
CryptoQuant takes a stricter approach
CryptoQuant’s head of research, Julio Moreno, told Cointelegraph that the company starts with public reports from victims, including wallet addresses or transaction IDs, and then checks those reports against known on-chain patterns from the attack.
That approach puts CryptoQuant’s confirmed tally at 1,432 BTC, which Moreno described as a floor that could rise if more victims publicly disclose their hacked addresses.
Source: CryptoQuant
Moreno said CryptoQuant is cautious about identifying victims solely from on-chain patterns because doing so could produce false positives and inflate the estimate.
“Because the stolen Bitcoin belonged to individuals and not to a centralized entity, like an exchange, we can only confirm what each victim publicly discloses,” he said.
Hard number to pin down
Moreno emphasized the total will remain an estimate because investigators can only confirm what victims disclose. He said:
“Knowing the total BTC stolen is difficult, and it will always be an estimation.”
Chainalysis told Cointelegraph it has not conducted an independent tally of the losses, while blockchain investigator ZachXBT publicly said he has no plans to monitor or trace the incident.
Magazine: Do the Coldcard attacks mean all hardware wallets are now insecure?
129
Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%Keel Infrastructure said it has decommissioned all US Bitcoin mining operations in preparation for high-performance computing (HPC) site construction, according to its second-quarter report published on Monday.
The digital infrastructure company reported $30 million in revenue, down 50% year-over-year. The decrease was largely attributed to a decline in the average Bitcoin (BTC) price and the shutdown of its Moses Lake crypto mining operations in April 2026.
The company also reported a $141 million operating loss, compared with operating income of $11 million in the same period last year. The loss included $84 million in non-cash depreciation.
Multiple Bitcoin miners have expanded into AI infrastructure, but Keel is among the few to fully exit US Bitcoin mining as it shifts toward HPC. Other companies that halted mining operations to pivot to AI include Bit Digital and Crusoe.
Keel held 1,861 BTC as of Friday after selling 1,085 BTC for $75 million since April 1 as part of its ongoing wind-down of its Bitcoin holdings. The company also reported about $819 million in liquidity, including $698 million in unrestricted cash.
Keel’s stock price fell 12% on Monday, according to Yahoo Finance.
Magazine: How Bitcoin mining heat is being tested to warm Canadian greenhouses
Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%
Keel Infrastructure said it has decommissioned all US Bitcoin mining operations in preparation for high-performance computing (HPC) site construction, according to its second-quarter report published on Monday.
The digital infrastructure company reported $30 million in revenue, down 50% year-over-year. The decrease was largely attributed to a decline in the average Bitcoin (BTC) price and the shutdown of its Moses Lake crypto mining operations in April 2026.
The company also reported a $141 million operating loss, compared with operating income of $11 million in the same period last year. The loss included $84 million in non-cash depreciation.
Multiple Bitcoin miners have expanded into AI infrastructure, but Keel is among the few to fully exit US Bitcoin mining as it shifts toward HPC. Other companies that halted mining operations to pivot to AI include Bit Digital and Crusoe.
Keel held 1,861 BTC as of Friday after selling 1,085 BTC for $75 million since April 1 as part of its ongoing wind-down of its Bitcoin holdings. The company also reported about $819 million in liquidity, including $698 million in unrestricted cash.
Keel’s stock price fell 12% on Monday, according to Yahoo Finance.
Magazine: How Bitcoin mining heat is being tested to warm Canadian greenhouses
The digital infrastructure company reported $30 million in revenue, down 50% year-over-year. The decrease was largely attributed to a decline in the average Bitcoin (BTC) price and the shutdown of its Moses Lake crypto mining operations in April 2026.
The company also reported a $141 million operating loss, compared with operating income of $11 million in the same period last year. The loss included $84 million in non-cash depreciation.
Multiple Bitcoin miners have expanded into AI infrastructure, but Keel is among the few to fully exit US Bitcoin mining as it shifts toward HPC. Other companies that halted mining operations to pivot to AI include Bit Digital and Crusoe.
Keel held 1,861 BTC as of Friday after selling 1,085 BTC for $75 million since April 1 as part of its ongoing wind-down of its Bitcoin holdings. The company also reported about $819 million in liquidity, including $698 million in unrestricted cash.
Keel’s stock price fell 12% on Monday, according to Yahoo Finance.
Magazine: How Bitcoin mining heat is being tested to warm Canadian greenhouses
83
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SenateDelaysCLARITYActVoteToSeptember
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🚨🗓️ SEPTEMBER COULD BE HUGE FOR CRYPTO
The CLARITY Act is heading into September after the Senate failed to advance it before the August recess.
The legislation is designed to create a clearer regulatory framework for digital assets, but political disagreements have made the path forward difficult.
For crypto investors, the key takeaway is simple: the regulatory question is still open.
Now the market waits.
$BTC $ETH $BNB 📈
#senatedelaysclarityactvotetoseptember
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