Crypto Breaking

The U.S. Department of the Treasury has launched a formal rulemaking process for the payment-stablecoin framework established by the GENIUS Act, opening the proposal to public comment as regulators move toward a planned start date in January 2027.
In a notice released on Monday, Treasury said it is seeking input from market participants and other stakeholders ahead of the GENIUS Act’s implementation. Under the law’s timeline, stablecoin rules were set to take effect 120 days after agencies finalize the regulations, or 18 months after the bill was signed in July 2025—placing the effective date at Jan. 18, 2027, absent changes to the scheduling.
Key takeaways
Treasury is proposing GENIUS-related rules and will accept public comments for 60 days after the notice appears in the Federal Register.
GENIUS would generally require entities to have a federal or state license before issuing a “payment stablecoin” in the U.S.
The law’s implementation is still expected for Jan. 18, 2027, but multiple agencies have reportedly missed earlier internal timing targets.
Treasury’s proposed process is part of a broader 2026 rulemaking effort involving agencies such as the OCC, the FDIC, and the Federal Reserve.
Treasury opens GENIUS rulemaking to public comment
According to the Treasury Department, the notice of proposed rulemaking is intended to help establish regulatory certainty for businesses that want to build payment stablecoin products in the United States. Treasury Secretary Scott Bessent said the department welcomes feedback from stakeholders as it works to “provide the regulatory certainty businesses need to innovate and grow in America.”
The proposal matters because GENIUS is designed to move stablecoin oversight from a patchwork of approaches toward a clearer legal structure. Once the law takes effect, Treasury said, an entity generally would not be able to “issue a payment stablecoin” in the U.S. without a related federal or state license.
Public input is a key part of the process. Treasury stated that comments will be open for 60 days following publication in the Federal Register, giving industry participants, financial institutions, and other interested parties a defined window to weigh in on how the framework should operate in practice.
Inter-agency rulemaking is underway, but deadlines slipped
Treasury’s proposal follows similar steps by other U.S. agencies. In 2026, multiple regulators—including the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve Board—have reportedly issued their own notices of proposed rules related to implementing GENIUS.
However, the timing has become a focal point for observers. The report accompanying the Treasury notice says agencies missed a 120-day deadline in July to finalize regulations before January, raising the possibility that GENIUS could become effective without fully settled guidance.
This creates a practical problem for businesses trying to plan for compliance and product launches: even if the statute is scheduled to take effect in January 2027, companies may still be operating amid transitional uncertainty about the exact requirements they will need to meet.
For readers looking for additional background on the broader stablecoin rulemaking environment, earlier coverage noted how the OCC has advanced proposals aimed at resolving parts of the long-running debate over stablecoin yield and related practices. That context is reflected in the agency-by-agency approach to GENIUS implementation.
What GENIUS changes for payment stablecoin issuers
At the core of the framework is a licensing requirement that is meant to formalize who can issue payment stablecoins and under what authorization. Treasury’s notice indicates that once GENIUS is active, entities generally need a federal or state license before they can issue a “payment stablecoin” in the United States.
For investors and traders, this type of licensing can influence expectations around which stablecoins are likely to gain institutional support. For builders, it can affect how they structure reserves, partner with regulated institutions, and design compliance operations—especially if the market previously relied on regulatory uncertainty rather than clear authorization pathways.
It also raises an operational question that market participants will be watching: how quickly regulators will translate the proposed framework into final, implementable rules. Treasury’s comment period is designed to narrow that uncertainty, but the overall effectiveness timeline leaves limited margin for delays.
Cross-Atlantic coordination and competitive pressure
The U.S. rulemaking effort also intersects with international developments. In July, the UK-US Financial Regulatory Working Group met in London to discuss cooperation between U.S. and UK financial regulators, including implementation steps for GENIUS.
While the UK has taken steps to address stablecoin regulation, the pending rollout of GENIUS is leading some within the crypto industry to argue that the UK could be at risk of falling behind the U.S. in establishing a comprehensive, operational framework.
That perceived asymmetry matters because it can affect where stablecoin-related partnerships and compliance strategies form first. If the U.S. moves more decisively toward a standardized licensing approach, businesses may prioritize compliance-ready pathways there—at least until the UK’s own framework becomes equally concrete.
As Treasury’s proposed rules move through the comment period and toward finalization, the most important thing to watch will be whether agencies can converge on final requirements in time to reduce transitional risk before Jan. 18, 2027. If the broader suite of GENIUS regulations remains incomplete, market participants will likely press regulators for clarity on licensing timelines, compliance expectations, and how existing operations should adapt.
This article was originally published as US Treasury Advances GENIUS Act Rules After July Deadline on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

The SEC is developing an innovation exemption for platforms seeking to offer tokenized securities. The framework could let firms trade digital versions of U.S. stocks under federal requirements. Meanwhile, SEC Chair Paul Atkins supports efforts to move financial markets onto blockchain networks.
The proposed structure could allow continuous trading and faster blockchain settlement for eligible securities. It could also connect digital share records with established market systems and securities rules. However, the SEC still must address custody, surveillance, clearing, settlement, and investor protection.
The agency recently canceled a meeting that could have covered parts of its crypto regulatory agenda. Officials cited a scheduling issue, and the cancellation did not change requirements. Therefore, platforms seeking tokenized stock markets must continue operating within current regulations.
24/7 Trading Could Reshape Equity Markets
Tokenized stocks could extend trading beyond the fixed hours used by traditional U.S. exchanges. Blockchain networks can process transactions continuously, supporting trading at night, on weekends, and on holidays. Consequently, eligible markets could operate on schedules that differ from conventional venues.
The technology could shorten settlement times by recording ownership changes directly on blockchain networks. Yet tokenization does not remove market duties, because securities still require safeguards and clear ownership rights. Moreover, firms must determine how digital shares connect with brokers, custodians, clearing systems, and infrastructure.
The SEC has supported experiments involving blockchain-based securities infrastructure. Its no-action relief for a DTCC pilot covers selected equities, ETFs, and Treasury securities. Nasdaq has also developed infrastructure for trading and settlement of tokenized securities.
Wall Street Builds Tokenization Infrastructure
Financial firms and crypto companies are building systems that could support blockchain-based securities markets. These efforts focus on trading, custody, settlement, and links between digital networks and financial infrastructure. As a result, tokenization is moving beyond experiments and into market structure discussions.
The SEC is also considering changes that could affect trading models and competition. An August 11 submission from Ondo Finance backed proposed Regulation NMS changes affecting alternative market structures. Those changes could create more room for trading models outside traditional order books.
Tokenized shares would remain securities when blockchain networks record their ownership. SEC materials have distinguished between issuer-backed tokens and third-party models, which can affect shareholder rights. Therefore, the exemption could shape how firms issue, trade, custody, and settle U.S. equities.
This article was originally published as Sec Tokenized Stock Plan Could Bring 24/7 Trading to U.S. Markets on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin rebounded after Monday’s Wall Street open, returning to the $64,000 area as traditional markets rotated away from equities and toward commodities. The move followed a weekly close earlier in the weekend session, with BTC/USD recovering more than 2% on the day according to TradingView.
At the same time, geopolitical noise around the US–Iran standoff spilled toward Oman, raising renewed questions about the Strait of Hormuz shipping route—though oil prices appeared largely unmoved in early trading. Derivatives data also pointed to a crowded long trade, with Bitcoin funding rates reaching levels not seen since late 2024.
Key takeaways
BTC/USD climbed more than 2% on Monday after rebounding from Sunday’s weekly close, with price returning to roughly $64,000.
US–Iran ceasefire concerns and Trump’s comments related to Oman fed risk headlines, but WTI crude stayed near $82.35 per barrel.
CryptoQuant data shows Bitcoin funding rates hitting 20-month highs of 0.022 as long positions build within the current range.
QCP Capital said BTC remains near the lower end of its recent range, warning that sustained moves beyond the range would carry more signal than day-to-day fluctuations.
BTC tracks a shift from equities to commodities
TradingView data showed Bitcoin up over 2% on Monday, rebounding from the prior weekly close. The move coincided with softer US equity sentiment: the S&P 500 was down about 0.5% from its Thursday all-time high around the time of writing, as stocks gave way to gold as investors searched for alternative havens.
Geopolitical headlines added volatility to the broader macro picture. With an agreed 60-day ceasefire between the US and Iran set to expire, Trump told Fox News he would consider military action if Oman “gets in the way” amid a dispute linked to reopening the Strait of Hormuz oil route. Despite the rhetoric, oil markets appeared calm, with WTI crude trading flat around $82.35 per barrel at the time.
Gold showed more movement than oil at the start of the week. Safe-haven demand lifted XAU/USD by just over 1%, reaching a daily high of $4,427 per ounce. Cointelegraph previously reported that a mix of retail participation and government interest helped push gold to multiweek highs.
Data tracked by Bytetree, which monitors the 30-day change in inflows to gold-backed exchange-traded funds (ETFs), placed 30-day inflows at nearly $12 billion through Aug. 13. In an Investing.com piece that quoted a Bank of America strategist, Michael Hartnett argued that “long gold remained the trade,” framing it as a hedge amid concerns around currency debasement, bond stress, and inflationary pressures.
Investors keep BTC near a familiar range—until positioning shifts
In a Monday bulletin, QCP Capital said Bitcoin’s ability to withstand macro pressures without a major breakdown suggested the market is not yet signaling a decisive trend change. The firm emphasized that focusing on single price levels may miss the bigger picture.
Instead, QCP Capital pointed to range behavior: it described BTC as still sitting close to the lower end of its recent trading band and argued that a sustained move outside the range would reveal more meaningful information about market positioning than relatively contained intraday moves.
This framing matters for traders because it implies that catalysts may be more important than incremental price changes. Earlier coverage referenced expectations that a return to the $61,000 area could prompt an unwinding of BTC long positions—an observation tied to how leverage can amplify downside when levels break.
On Monday, liquidation activity appeared contained as BTC moved back toward the $64,000 region. CoinGlass data cited in the report put 24-hour cross-crypto liquidations at approximately $180 million, suggesting that the rebound occurred without a large liquidation-driven panic on the day.
Funding rates surge: long exposure is getting crowded
Beyond spot price, derivatives positioning offered a more pointed signal. CryptoQuant data showed Bitcoin funding rates reaching 20-month highs of 0.022 on Aug. 14. The analytics firm characterized derivatives sentiment within the current BTC price range as positive, adding that most traders were taking long positions.
When funding rates rise while price holds relatively stable, it can indicate that market participants are piling into the same side of the trade. That can be constructive if momentum extends—but it also increases the risk that a reversal could trigger crowded unwinds, depending on how price reacts at the edges of the prevailing range.
The report also cited CryptoQuant’s earlier observation that futures activity on Binance was outweighing spot markets by nearly eight times. While this metric alone doesn’t predict direction, it supports the broader theme: derivatives are playing a large role in how leverage and sentiment develop around Bitcoin’s current trading boundaries.
What to watch next amid macro and leverage signals
For now, Bitcoin is rebounding, but the underlying positioning looks increasingly one-sided as funding rates climb and longs become more crowded. Investors and traders should watch whether BTC can sustain moves beyond its recent range—since QCP Capital suggested that only a sustained breakout would meaningfully clarify market positioning—while keeping an eye on funding rate changes and liquidation levels for signs that leverage is either being rewarded or set up for a sharper unwind.
This article was originally published as Bitcoin Jumps to $64K as Gold Rallies and Oil Rebounds on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

BitMart’s official Chinese-language X account has issued a public ultimatum to the exchange’s founder, Sheldon Xia, demanding an explanation of customer funds and a repayment plan by Wednesday. The post alleges that some users still cannot withdraw funds and that certain employees have not received their final salaries or compensation, while urging Xia to disclose BitMart’s wallets, assets, liabilities, and available reserves.
The exchange, meanwhile, is already in wind-down mode. BitMart announced on July 26 that trading would end Aug. 26 and that operations would cease on Jan. 31, with new deposits and registrations stopped and withdrawals potentially subject to additional compliance and security reviews.
Key takeaways
BitMart’s official “BitMart_zh” X account demanded founder Sheldon Xia publish a verifiable asset disclosure and repayment plan by Wednesday, threatening escalation to regulators and law enforcement.
The post alleges continuing withdrawal failures for some users and unpaid final employee compensation, while calling for full transparency around BitMart’s wallets and reserves.
Xia rejected the claims in a separate post, describing them as “fabricated rumors” and saying evidence has been preserved for a police report and legal action.
On-chain reporting from Arkham attributed to BitMart wallets shows a sharp drop in tracked crypto holdings since late July, though the figures may not capture all assets and do not prove why balances declined.
A public deadline tied to fund transparency
In a Monday post, BitMart’s Chinese-language X account said some users remained unable to withdraw funds. It also stated that certain employees had not received final salary or compensation, and it demanded that Xia provide a repayment plan alongside a disclosure of BitMart’s wallets, holdings, liabilities, and available reserves.
According to a machine translation referenced in the reporting, the account warned that if Xia fails to deliver a verifiable disclosure and repayment plan by the deadline, it would continue submitting supporting evidence to regulators, law enforcement, lawyers, and the media.
It was not immediately clear who authored the post or whether the account still operates under company control. Cointelegraph said it reached out to BitMart for comment but did not receive an immediate response.
Founder’s rebuttal: “fabricated rumors” and legal escalation
Sheldon Xia responded on X on Monday, disputing the claims as “fabricated rumors.” In the response—again described via machine translation—Xia said his team had collected “full evidence” of what was posted on X and that it had been preserved for subsequent legal steps.
Xia said that during U.S. daytime hours he would file a police report and send a lawyer’s letter to X, requesting technical and data forensics. He also argued that employees were not being given priority over customers in how assets are handled, adding that “everyone is a client” and that there are no special privileges.
Earlier, Xia had denied that BitMart misappropriated user assets. In a separate message dated Aug. 8, he asked users not to rely on unverified claims or screenshots allegedly shared by current or former employees.
Wind-down timeline sets the context for withdrawal disputes
BitMart’s demand for transparency arrives amid a broader operational shift. As Cointelegraph previously reported, the exchange announced on July 26 that it would wind down its platform after its BMX token fell sharply and users reported withdrawal delays. BitMart said trading on the exchange would end on Aug. 26 and operations would stop on Jan. 31.
As part of the shutdown, the exchange stopped accepting new deposits and registrations. It also cautioned that some withdrawals could face additional compliance and security checks—an issue that often matters in wind-down scenarios, since custodial controls, account reconciliation, and eligibility review can affect withdrawal timelines.
The current dispute on X centers on whether those delays reflect normal wind-down procedures or an inability to access or account for funds. The account’s Wednesday deadline suggests it believes the missing transparency has become urgent enough to merit escalation.
On-chain snapshots: Arkham tracks a decline in BitMart-attributed wallets
Separate from the public back-and-forth, on-chain analytics provide a partial view of assets attributed to BitMart. According to Arkham’s wallet entity page referenced in the reporting, wallets tagged as BitMart held about $36.5 million in crypto assets as of Monday.
Arkham’s figures also show that this balance fell from roughly $71 million on July 26 and from around $102 million on July 6. While these numbers indicate a significant reduction over time, the tracked wallets may not represent all of BitMart’s controlled assets, and it remains unclear what caused the changes—whether customer withdrawals, internal consolidation, transfers to other wallets, or other movements.
For investors and users, this distinction is critical. In wind-down cases, decreases in tracked balances do not automatically translate to proof of full repayment or misappropriation. Instead, they raise questions about whether assets are moving to accessible withdrawal pipelines, to other custody locations, or into more opaque structures that may complicate verification.
What to watch next
The immediate focus is whether Xia will meet BitMart_zh’s Wednesday deadline with a verifiable asset disclosure and repayment plan—and whether the response can be independently substantiated. Beyond that, users should watch for clearer withdrawal communication tied to the exchange’s wind-down schedule, alongside any regulator or law enforcement activity stemming from the threatened escalation.
This article was originally published as BitMart Founder Asked to Explain Funds; Xia Denies Claims as Fabricated on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

More users than ever. Less capital than ever. That contradiction tells you everything about where crypto actually is and why the entire marketing playbook needs to change.
The Number That Should Be Everywhere
559 million people worldwide now hold or use cryptocurrency.
That’s close to one in ten internet users on the planet.
That’s more than the entire population of the European Union.
That’s more users than Twitter at its peak. More than LinkedIn. More than TikTok had in its first three years.
559 million people. Using crypto. Right now.
And the market is down 48% from its all-time high.
That contradiction should be the most discussed story in crypto. Instead, everyone’s watching the price chart.
What The Numbers Actually Say
Let’s look at both data points together:
559 million users worldwide, the highest adoption number in crypto’s history, driven by regulatory clarity in major markets, spot ETF access in the US, and MiCA implementation across the EU.
$2.19 trillion total market cap, significantly below the October 2025 all-time high of $4.27 trillion.
In any other industry, record users with declining revenue would trigger an immediate strategic pivot. In crypto, everyone just keeps watching Bitcoin’s price.
But the data is telling a clear story if you’re willing to read it:
Crypto stopped being a speculation game. It became infrastructure.
And infrastructure doesn’t pump. Infrastructure just works.
Why More Users With Less Capital Makes Perfect Sense
In crypto’s early years, users and capital moved together. More users meant more buyers. More buyers meant higher prices. Higher prices attracted more users. The cycle was self-reinforcing.
That cycle is breaking, not because crypto is failing, but because it’s maturing.
Here’s what maturity looks like in every industry:
The early internet had millions of users and almost no revenue. Companies were burning cash, valuations were astronomical, and the actual utility was thin.
Then the bubble popped. Valuations collapsed. But users stayed. And the ones who stayed built the infrastructure that made the internet indispensable.
Crypto is at that inflection point.
559 million people using crypto aren’t all speculating. Many of them are using stablecoins for remittances. Using DeFi for savings in countries with broken banking systems. Using NFTs for digital ownership. Using crypto rails for cross-border payments.
They’re not trading. They’re using.
That’s infrastructure adoption. Not speculation adoption. And infrastructure adoption looks completely different on a price chart.
The Marketing Problem Nobody’s Solving
Here’s the strategic crisis that the 559 million number reveals:
Crypto’s entire marketing playbook was built for speculation. It doesn’t work for infrastructure.
Speculation marketing is easy: show price charts going up, promise life-changing returns, create FOMO, drive adoption through greed and fear.
It works. We know it works. It drove crypto from nothing to $4.27 trillion in market cap.
But it attracts the wrong users. Users who leave when the chart goes down. Users who have no loyalty to the technology because their loyalty was to the returns. Users who become critics when the price drops.
Infrastructure marketing is completely different: show reliability, prove utility, build trust slowly, demonstrate real-world use cases that don’t depend on price.
It’s slower. It’s harder. It requires patience that crypto culture was never built for.
But it’s the only marketing that works when your product has 559 million users and a declining price.
The Audience That Exists vs The Audience You’re Marketing To
Right now, most crypto marketing is aimed at a target audience that looks like this:
Retail investor looking for the next 10x
Crypto-native who already understands the technology
Institutional investor looking for portfolio diversification
Trader looking for volatility to profit from
But the 559 million people actually using crypto look like this:
A Filipino worker sending remittances home cheaper than Western Union
A Venezuelan saving in USDC because their local currency lost 80% this year
A Nigerian freelancer getting paid in crypto because their bank won’t process international wires
A small business owner in Southeast Asia using stablecoins to pay suppliers
A European investor holding Bitcoin as a hedge through a Fidelity ETF
These people aren’t reading crypto Twitter. They’re not watching Bitcoin price alerts. They don’t care about the next altcoin cycle.
They care about whether the technology keeps working. Whether the fees stay low. Whether the product is reliable.
That’s a completely different user. And almost nobody is marketing to them.
Why The Price Chart Is The Wrong Metric
Crypto measures success in price. Every project’s homepage has a price chart. Every announcement mentions market cap. Every media outlet covers price movements first.
But with 559 million users, price is increasingly the wrong metric.
Think about how we measure the success of other infrastructure:
We don’t measure the internet’s success by the stock price of backbone providers. We measure it by uptime, speed, users, and transactions.
We don’t measure electricity grids by commodity prices alone. We measure them by reliability, coverage, and consumption.
We don’t measure banking infrastructure by bank stock prices. We measure it by accounts, transactions, and access.
Crypto has 559 million users, trillions in transaction volume, and critical infrastructure for millions of people’s financial lives.
And everyone’s staring at a chart that’s down from its ATH.
The measurement framework is wrong. And until the measurement framework changes, the marketing will keep targeting the wrong people.
The Trust Problem At Scale
Here’s what makes marketing to 559 million users fundamentally different from marketing to speculators:
Speculators need excitement. Infrastructure users need trust.
A speculator buys because they think the price will go up. Trust is almost irrelevant, if the price goes up, the speculator is happy regardless of whether the technology is trustworthy.
An infrastructure user relies on the technology for real financial needs. Trust is everything. A single hack, a single regulatory action, a single project failure can drive them away permanently, not because they lost money speculating, but because they lost something they were actually depending on.
Roughly 559 million people worldwide now hold or use crypto, close to one in ten internet users, largely due to strong regulatory clarity in major markets, spot ETF access in the US, and MiCA implementation across the EU. The audience has grown and moved further into the mainstream, yet trust is harder to earn. They are not looking for the next 100x thread on X. They are researching before they trust, and AI assistants are becoming part of that process.
That last line is critical. The new crypto user isn’t reading a whitepaper or following influencers. They’re asking ChatGPT if the product is safe before they use it.
Marketing that worked in 2021, hype, FOMO, influencer promotion, doesn’t build that kind of trust. It actively destroys it.
What Infrastructure Marketing Actually Looks Like
If you’re building crypto products for the 559 million who are already here and the next 559 million who haven’t arrived yet the marketing has to change completely.
Stop leading with price. Start leading with utility.
“Bitcoin is up 40% this year” speaks to speculators.
“Over 559 million people use crypto for real financial needs, here’s what they’re using it for” speaks to infrastructure users.
Stop creating FOMO. Start building trust.
FOMO drives speculation cycles. Trust drives infrastructure adoption. They require completely different content strategies, completely different channel choices, completely different measurement frameworks.
Stop targeting crypto natives. Start targeting the unmet need.
The Filipino worker sending remittances doesn’t identify as a “crypto user.” They identify as someone trying to send money home cheaply and reliably. Speak to the need. The technology is just how you solve it.
Stop measuring by price. Start measuring by utility.
Transaction volume. Active wallets. Use cases solved. Problems eliminated. These are infrastructure metrics. They don’t spike and crash with market cycles. They grow steadily over years.
The Opportunity In The Contradiction
The gap between 559 million users and a declining market cap isn’t a crisis. It’s an opportunity.
It means there’s an enormous, largely unaddressed audience of people who are already using crypto for real purposes but aren’t being spoken to by crypto marketing.
It means the next wave of adoption won’t come from convincing speculators to buy more. It’ll come from showing infrastructure users that crypto can solve more of their problems.
It means the brands that figure out how to market infrastructure, reliability, trust, utility, accessibility, will build something more durable than any price cycle.
The speculation era made crypto rich. The infrastructure era will make it indispensable.
Those are different goals. They require different strategies. And almost nobody is building the second strategy yet.
The Question Every Crypto Marketer Should Be Asking
Not “how do we make people excited about the price?”
But: “What are 559 million people actually using this for? And how do we make that experience better, more accessible, and more trustworthy for the next 559 million?”
That’s the marketing question crypto needs to be asking in 2026.
The users are already here. The capital will follow, but only if the infrastructure is worth trusting.
What are you actually using crypto for in 2026? Not investing using. Because that answer is more important than any price prediction.
This article was originally published as Crypto Has 559 Million Users Nobody’s Talking About It on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Austria’s financial regulator has issued its first final penalty under the EU’s Markets in Crypto-Assets Regulation (MiCA), fining crypto platform Bitpanda 70,000 euros (about $82,000) for breaching MiCA’s publication and marketing disclosure rules. The Austrian Financial Market Authority (FMA) said the case was handled under an expedited procedure and that the decision is final.
According to the FMA, the issue centered on Bitpanda’s timing and compliance with mandatory pre-publication and disclosure requirements for a crypto-asset white paper.
Key takeaways
The FMA fined Bitpanda 70,000 euros for failing to submit the required crypto-asset white paper at least 20 working days before publication.
Regulators also said Bitpanda issued marketing communications before the white paper was filed.
Another alleged breach involved marketing material that omitted MiCA-mandated disclaimers, including that it had not been reviewed or approved by a competent authority and that Bitpanda is responsible for the content.
The penalty was issued as the first published final enforcement under MiCA, signaling the EU framework is moving from licensing and guidance into outcomes.
Bitpanda stated the problems were limited to formal timing and documentation requirements, and said customer funds and platform security were not affected.
FMA details: white paper submission and marketing timing
In a notice published Friday, the FMA said Bitpanda did not submit a crypto-asset white paper to the regulator at least 20 working days prior to its publication, as MiCA requires. The regulator also reported that Bitpanda distributed a marketing communication before publishing the required white paper.
The regulator’s explanation is significant because MiCA’s approach to investor protection depends heavily on structured disclosures. The white paper is intended to provide standardized information before the public is exposed to an offering or related marketing materials.
Disclosure gaps in marketing materials
The FMA further alleged that another marketing communication failed to include mandatory disclosures. Specifically, the regulator said the content did not state that the material had not been reviewed or approved by a competent authority, and that the crypto-asset provider alone was responsible for the content. The regulator also said the marketing communication lacked required contact details, including a telephone number and email address.
These points matter for compliance teams because they show that regulators are not only checking whether documents exist, but whether the surrounding communications include the specific legal language and contact information required under MiCA.
Expedited proceedings and final decision
The FMA said the case was concluded under an expedited procedure and that the penalty decision is final. While the fine amount is comparatively small relative to some large-scale financial enforcement actions, the regulatory significance is larger: this is presented as the watchdog’s first published final penalty under MiCA.
For market participants, the outcome suggests that formal compliance lapses—such as filing timelines and required statement formatting—are actionable under MiCA, even when the core product or platform functionality is not necessarily implicated.
Bitpanda’s response: timing and formal requirements only
Bitpanda told Cointelegraph that the concerns raised by the FMA related exclusively to the timing and formal requirements surrounding the publication of the white paper and an accompanying information document. The company said customer funds and platform security were not affected and that customers suffered no financial harm.
Bitpanda added that it corrected the issues after receiving notice from the FMA, and it opted for a swift, consensual conclusion of the proceedings.
That framing may influence how investors and users interpret the case. The regulator’s enforcement narrative emphasizes process compliance, while Bitpanda points to the absence of customer impact. Still, the penalty itself indicates that regulators are prepared to treat disclosure mechanics and marketing rules as enforceable obligations under the new regime.
Why this is a broader MiCA signal
MiCA created a harmonized regulatory framework for crypto assets across the European Union, including disclosure standards, marketing requirements, and authorization conditions for crypto companies. The FMA’s action reinforces that MiCA compliance is not limited to licensing status or long-form disclosures alone; marketing materials and document submission timelines are also subject to scrutiny.
Earlier coverage of the implementation of MiCA licensing timelines and transitional measures (including references to the end of certain grace periods) highlighted that firms would eventually face stricter enforcement as operational readiness deadlines were crossed. This penalty fits that pattern: once formal requirements are in effect, regulators can convert guidance into penalties.
For the wider industry, the main uncertainty going forward is how frequently regulators will pursue similar “paperwork” cases and whether enforcement will focus on specific categories of issuers or on any instance of noncompliance with pre-publication timing and mandated marketing language. Market participants should watch for more final decisions across member states as regulators test the boundaries of MiCA’s disclosure and communications requirements.
Readers should pay attention to the next enforcement steps from Austria and other EU jurisdictions—particularly whether additional cases involve similar white-paper submission delays and missing mandatory marketing disclaimers, or whether regulators begin targeting other parts of MiCA compliance such as authorization obligations and ongoing disclosure practices.
This article was originally published as Bitpanda Receives Austria’s First MiCA Penalty in Published Case on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Binance has reportedly shared Russian law enforcement with detailed transaction records and personal identity information tied to a man accused of funding terrorism through cryptocurrency donations linked to Ukrainian fundraising efforts. The disclosure, according to law enforcement documents reviewed by Reuters, became part of the evidence used in Russia’s case against an IT specialist awaiting trial.
Reuters reports that investigators requested the data from Binance and received information connecting the suspect to crypto transfers, along with sensitive personal details such as date of birth, address, phone number, and passport number—along with copies of his documents. Binance, in response to coverage, said it cooperates with lawful information requests subject to applicable legal, privacy, and regulatory requirements, while declining to comment on the specific matter.
Key takeaways
Reuters reviewed documents indicating Russian authorities asked Binance for a customer’s transaction history and received personal identity details.
The Russian Investigative Committee alleges the suspect sent more than $700 in crypto between January 2023 and March 2024 to Ukrainian military-related efforts and a banned group.
Binance’s reported response included links to specific transfers as well as copies of a Russian passport and a Bulgarian residency permit.
Binance says it generally cooperates with lawful information requests, but it declined to comment on the particular case.
What Russian investigators say the data was used for
Russia’s Investigative Committee alleges that IT specialist Yuri Belenkiy made cryptocurrency transfers totaling more than $700 between January 2023 and March 2024. The allegation is that the funds were directed to the Ukrainian military and to an organization identified by Reuters as the group known at different times as the Azov Brigade and the Azov Regiment.
According to Reuters’ review of law enforcement documents, investigators relied on information attributed to Binance in building the case. Belenkiy was detained in September 2025 and is currently awaiting trial in Russia.
Binance reportedly provided transaction trails and identity documents
The evidentiary link described by Reuters centers on a formal request from Russian authorities to Binance for Belenkiy’s transaction history. Reuters says the company’s response connected him to the alleged transfers.
Beyond blockchain-related activity, the response reportedly included personal identifying information commonly required for law enforcement verification: Belenkiy’s date of birth, address, phone number, and passport number. Reuters also reports that the material provided included copies of a Russian passport and a Bulgarian residency permit, suggesting the request extended beyond tracing crypto flows into confirming the suspect’s identity.
For investors and users, the case underlines a recurring reality of crypto compliance: even when transactions are pseudonymous on-chain, centralized exchange records and customer due diligence can materially shape investigations.
Why Binance’s Russia exit does not remove the data link
Binance announced a full exit from Russia in September 2023, selling its local business to CommEX, according to a Cointelegraph report. That corporate shift did not erase the underlying compliance trail described in the Reuters account—namely, that transaction history and customer information tied to a specific user can remain relevant to later investigations.
This distinction matters. “Exiting” a market typically addresses future operations and licensing, but it does not necessarily eliminate retention or earlier records associated with accounts created and used while a platform operated there. The Reuters reporting implies that the relevant data existed in a form Russian authorities could request, even years after the public announcement of Binance’s exit.
Binance’s response and the broader compliance tension
Reuters says a Binance spokesperson declined to comment on specific confidential law enforcement requests or on the details of individual cases. In a broader explanation given to Cointelegraph, Binance stated that it does not make or enforce laws, determine charges, or decide how any government uses information in legal proceedings. The company added that, like other global financial institutions, it cooperates with lawful information requests from law enforcement worldwide, subject to applicable legal, privacy, and regulatory requirements.
That formulation reflects a familiar compliance tension for crypto exchanges operating at the intersection of financial privacy, customer protection, and state requests. While platforms often frame cooperation as bounded by law and privacy rules, public reporting like this highlights how those safeguards function in practice—particularly when requests target individuals connected to politically sensitive conflicts.
It also raises practical questions for customers and the wider ecosystem: what categories of data exchanges retain; how long they retain it; and how cross-border identity and documentation checks can be combined with transaction history in court filings. The Reuters account does not detail those internal policies, but it shows the end result—law enforcement having both a behavioral trail (transfers) and a personal dossier (identity documents).
What to watch next
As Belenkiy’s case moves forward, attention will likely center on what precisely the court accepts as admissible evidence and whether the exchange-supplied materials are used narrowly for transaction tracing or more broadly for identity verification. More broadly, the episode is a reminder that even after major exchange restructuring or market exits, compliance data can still surface years later when investigators pursue crypto-related allegations.
This article was originally published as Report: Binance Shared Russian Client Data in Terror Financing Case on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Mumbai, India, 12 August 2026 — Unchained Summit will make its India debut on 5–6 November 2026 in Mumbai, bringing together global and Indian leaders across financial markets, digital assets, trading, Web3 and emerging technology.
Following editions in Dubai and Vietnam, the third edition of Unchained Summit will bring founders, investors, active traders, wealth and financial-market participants, global blockchain companies, technology leaders, policymakers and builders together in one of the world’s most active digital asset and technology markets.
The confirmed speaker lineup includes S B Seker, Head of APAC at Binance; Ashish Singhal, Co-Founder of CoinSwitch; Praneeth Srikanti, Partner at Ethereal Ventures; Eva Wong, General Counsel at Parity Technologies; Prabal Banerjee, Co-Founder of Avail; Sanat Rao, Chief Investment Officer at Monarq Asset Management; Dilip Chenoy, Chairperson of the Bharat Web3 Association; Saumya Saxena, India Lead at Base; Roshan Prabhakar, Head of Product – India at Coinbase; Vineet Budki, CEO of Sigma Capital; Kunaal Patel, Head of Institutional – Asia and MENA at Ondo Finance; and Jaideep Reddy, Partner at Trilegal, among others.
India continues to see strong participation in crypto markets, ranking first in Chainalysis’ 2025 Global Crypto Adoption Index, while taking a more cautious regulatory approach than several other major jurisdictions. Unchained Summit India will bring international perspectives into this conversation, examining how different markets are approaching regulation, adoption and market development.
At the same time, interest in tokenisation and enterprise blockchain continues to grow. The Reserve Bank of India has explored asset tokenisation through its CBDC sandbox, while the National Blockchain Framework reflects broader government and enterprise interest in blockchain-based infrastructure.
As India’s financial capital, Mumbai provides a natural meeting point for traders, wealth managers, family offices, financial institutions, fintechs and Web3 companies, connecting the country’s active digital asset market with its broader financial and technology ecosystem.
Sharath Kumar, Founder and CEO of Aeternum, the organiser of Unchained Summit, said:
“India has a unique mix of active digital asset participation, growing interest in tokenisation and blockchain, and one of the world’s strongest developer ecosystems. Unchained Summit India brings together the capital, policy and technology sides of that story, with global voices adding perspective to where the market goes next.”
That dual focus will define the two days of Unchained Summit India.
Day One will focus on Markets, Finance & Digital Assets, bringing together traders, investors, wealth managers, family offices, traditional finance participants and digital asset companies for discussions around regulation and policy, trading and markets, tokenisation and real-world assets, stablecoins and payments, wealth and portfolio management, capital markets, custody and liquidity.
For S B Seker, Head of APAC at Binance, India’s importance extends well beyond the size of its market.
“India is a crown jewel for Binance in terms of impact, not just scale. With deep digital penetration and a young, tech-savvy population, it is a market unmatched globally for meaningful blockchain adoption and innovation.”
Alongside the financial-market conversation is another major Indian advantage: its technology talent.
India had 21.9 million developers on GitHub in 2025, making it the platform’s second-largest developer community globally, with more than 5.2 million developers added during the year.
Day Two will focus on Web3, Infrastructure & Emerging Technology, creating a technology-led programme for developers, founders and builders around blockchain infrastructure, AI and Web3, DeFi, scaling, interoperability, security and digital trust, staking, consumer applications and emerging technologies.
Ashish Singhal, Co-Founder of CoinSwitch, said:
“Web3 represents one of the most exciting opportunities to build the next generation of internet infrastructure, and India is one of the world’s largest hubs with talent, entrepreneurial spirit, and technical expertise to play a leading role in shaping the industry’s future.”
The technology itself will be another important part of the discussion.
Uttam Singh from Alchemy said:
“We’re witnessing the financial system become programmable. The next wave of innovation will come from developers building onchain.”
Across two days, wealth managers and traders will interact with digital asset companies. Founders will meet investors. Traditional finance participants will examine tokenisation and new market infrastructure. Enterprises will explore blockchain applications. Developers and builders will engage with global protocols and technology companies, while policy and industry leaders will hear perspectives from jurisdictions taking different approaches to digital assets.
The summit will also bring international speakers, companies and participants into Mumbai, connecting India’s financial and technology ecosystem with global leaders across digital assets and Web3.
For Unchained Summit, the objective is straightforward: create a setting where capital and technology, traditional finance and digital assets, and Indian builders and global markets can meet.
Mumbai will host that conversation on 5–6 November 2026. More information is available on the event’s official website: [unchainedsummit.com/india] (https://unchainedsummit.com/india)
About Aeternum Consulting Ltd
Aeternum organizes business-to-business events in the emerging tech space, provides strategic consulting, and tailored services to a diverse range of clients, from corporations to governments and startups to individuals. Aeternum specializes in crafting impactful B2B platforms that foster meaningful connections, drive business growth, and facilitate knowledge sharing through conferences, exhibitions, and bespoke networking opportunities.
For more information visit: [aeternuminc.com] (https://aeternuminc.com)
For further details about the announcement, please contact:
Maya K V
media@aeternuminc.com | +91 95383 91838
Partnerships Associate, Aeternum
This article was originally published as Unchained Summit India Debuts in Mumbai as Capital, Markets and Web3 Converge on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin is starting the new week around $63,000, but the market’s technical outlook remains weighed down by history: traders are watching for confirmation of a weekly breakdown after last week’s close slipped below Bitcoin’s long-term 200-week moving average (SMA).
At the same time, macro catalysts are building. Federal Reserve minutes from the July meeting are due this week, and Japan’s second-quarter GDP release underscored risks to global liquidity even as U.S. equities hit fresh highs—an unusual backdrop that some on-chain and sentiment analysts say is leaving Bitcoin sidelined.
Key takeaways
Bitcoin traded in a roughly $57,700 to $67,300 range, and last week’s close fell below the 200-week SMA near $64,216.
Options pricing suggests close to a 70% chance the Federal Reserve holds rates at the September meeting, following softer inflation signals earlier.
Japan Q2 GDP came in below expectations, adding to concerns about “global tightening” and potential knock-on effects for risk assets.
Glassnode highlights a sentiment mismatch: consumer confidence is near decade lows while U.S. stocks reach record territory.
CryptoQuant points to growing whale-driven exchange inflows, which are reversing some of the prior trend of BTC moving off exchanges.
Weekly close below the 200-week SMA reignites bear-market parallels
After last Sunday’s weekly close, Bitcoin saw a modest rebound, posting local highs near $63,655 on Bitstamp. However, TradingView data suggests the broader week is beginning with price action still trapped inside a narrow consolidation band, with neither bulls nor bears able to establish a decisive move.
Analyst Benjamin Cowen emphasized that BTC/USD has returned below the 200-week SMA. In earlier reporting from Cointelegraph, the 200-week line was described as a defining feature of the 2022 bear market—acting as resistance after Bitcoin capitulated below it in August before entering a long bottoming phase.
“What is interesting is how in both summer 2022/2026, Bitcoin capitulated below the 200W SMA, then bounced, then gave it up in mid-August,” Cowen wrote on X.
https://x.com/benjamincowen/status/2089204784209269167
Traders are also watching specific levels. Rekt Capital said Bitcoin failed to reach his targeted weekly-close level of $63,220, which he argues keeps the door open for additional downside. In his view, a rejection from that zone would confirm a breakdown and potentially push price lower within the existing approximate $58,000 to $66,000 range.
“A rejection from $63,220 would fully confirm the breakdown and send price lower within the current ~$58,000-$66,000 Range,” Rekt Capital wrote on X.
https://x.com/rektcapital/status/2089272172879507805
Fed minutes and odds of a hold: markets shift from hawkishness to pause
This week’s macro focus centers on the release of preliminary Purchasing Managers’ Index (PMI) readings for manufacturing and services, alongside the July Federal Reserve minutes expected on Wednesday.
Recent inflation data has been influential in shaping expectations. Cointelegraph previously noted that last week’s CPI and PPI releases pointed to a softer-than-expected inflation trajectory, prompting traders to reconsider the likelihood of additional rate hikes.
According to CME Group’s FedWatch Tool, markets are currently pricing in nearly a 70% probability that the Fed will hold rates at the 3.50%–3.75% range for the September meeting. That compares with roughly 42% odds a month earlier.
Analysis from Mosaic Asset Company—citing CPI coming in at 3.4% year-on-year—argues that moderating inflation helps prevent the policy outlook from turning overly hawkish, even though inflation remains far above the Fed’s 2% target. The report also points to how the Fed’s prior meeting ended with policy dissent, and it notes that the split was the largest since 1970.
Separately, Bloomberg quoted Cleveland Fed President Beth Hammack discussing the risk that returning inflation to 2% could take years—raising questions about whether public patience would be sufficient if progress toward the target is slow. The point matters for Bitcoin because extended tight or uncertain policy expectations can quickly change the liquidity backdrop that crypto tends to trade against.
What to watch next: the tone of the July minutes—especially any discussion around dissent—may determine whether near-term rate expectations drift further toward “hold” or reprice back toward “hikes.”
Japan’s GDP miss adds liquidity stress even as U.S. equities rally
Risk-asset traders are also monitoring Japan after Q2 GDP data missed expectations. The release showed quarterly and annual growth of 0.3% and 1.1%, respectively—below forecasts of 0.5% and 2.0%.
The data arrives as markets look for the Bank of Japan to potentially begin raising rates from current levels around 1.0% in September, a shift tied to surging bond yields and a weakening yen. Cointelegraph previously reported that Japan and the U.S. conducted a rare joint intervention in yen markets after JPY/USD hit multi-decade lows.
Beyond growth, the GDP print included a notable weakness: the first decline in private consumption in eight quarters. Oxford Economics’ Japan lead economist Norihiro Yamaguchi told CNBC that the boost to consumption from policy measures is already fading and that inflation pressures could increase in the second half as costs filter through—potentially deteriorating purchasing power.
For Bitcoin, the indirect channel is financial conditions. CryptoQuant contributor Axel Adler Jr. warned that while the situation is not yet a clear “sell risk assets” signal, the market is approaching a critical threshold. In a post on X, he highlighted a combination of conditions that could tighten global financial conditions: Japan’s government bond yields rising further (notably above 3%), additional BOJ rate hikes, a stronger yen, and rising U.S. Treasury yields. He added that if these factors align, normalization of Japan’s rates could end up pressuring both stocks and Bitcoin.
What to watch next: whether Japan’s yield and yen dynamics stay contained or accelerate—because traders often treat FX and sovereign yields as leading indicators of cross-asset liquidity.
Sentiment and ETF flows: Bitcoin risks being left out of the “capital rotation”
While macro uncertainty builds, some analysts argue the bigger issue may be positioning. Glassnode, in its “The Week Onchain” newsletter, described a divergence between Bitcoin and equities: U.S. consumer confidence remains among the weakest readings of the past decade, even as the stock market has reached an all-time high and stays near those levels.
Glassnode said the contradiction looks less puzzling once the driver is identified: households anticipating higher living costs and a softer economy may be reallocating away from cash and into assets, with equities absorbing much of that flow. The firm also pointed out that the S&P 500 reached all-time highs and that the University of Michigan’s consumer sentiment survey is expected to decline further in August.
According to Glassnode, Bitcoin is not participating in that same rotation. A key sign would be whether institutional inflows return to U.S. spot Bitcoin ETFs in a sustained way.
Cointelegraph’s article cites that last week spot Bitcoin ETFs saw net outflows of $267.2 million, based on data from Farside Investors. It also notes that only one out of five trading days ended with net inflows, totaling just $7.8 million.
What to watch next: whether outflows extend or reverse. Sustained inflows would directly challenge the idea that Bitcoin is being ignored by the same sentiment-driven capital that is supporting equities.
Exchange reserve shifts: whale inflows boost liquidity available to trade
On-chain supply dynamics are adding another layer of pressure. CryptoQuant analysis argues that whale activity is increasing exchange inflows and contributing to a reversal in BTC leaving exchanges—an important nuance because exchange balances can affect how much BTC is available for trading or hedging.
The report highlights that Binance’s whale ratio reached 0.71 on Aug. 10, the highest since early March. CryptoQuant also said Binance’s BTC reserves totaled 674,332 BTC on Sunday, up 2.57% month-to-date and at their highest level since November 2025.
“Exchange deposits do not necessarily mean immediate selling, but they increase the amount of BTC available for trading or hedging,” CryptoQuant commented.
The broader context matters: Cointelegraph previously reported that exchange activity had been skewed toward derivatives as Bitcoin has traded in a tight range since early June. In that earlier coverage, Binance futures volume was noted as significantly larger than spot volume in early August, reinforcing the idea that the market’s “tight range” behavior may be fueled as much by leverage and hedging as by spot demand.
For traders and long-term investors, the next signals are likely to come from three directions: the Fed minutes’ implications for policy expectations, whether Japan’s rates and yen continue to tighten financial conditions, and whether ETF flows and exchange-reserve trends move in a way that either reconnects Bitcoin to broader risk appetite—or further isolates it.
This article was originally published as Bitcoin Slips Below 200-Week Trend as 2022 Pattern Returns: Key This Week on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Every crypto app needs data. Very few need the same data.
A portfolio tracker asks what an address holds. A DeFi dashboard asks what a protocol holds. A trading terminal asks what a token trades at right now. Those are three different products.
Picking by brand name is how teams end up paying twice. Picking by question is how they stop.
This guide covers five crypto data APIs. Each one answers a different question well. CoinStats Crypto API leads on wallet, market and DeFi data. DefiLlama covers protocol economics. Codex handles real-time DEX and prediction market data. Glassnode measures the network. Blockscout returns the raw record, decoded.
Our guide to choosing the right crypto API also covers swaps and nodes. This one stays in the data lane.
Not All Crypto Data Is the Same Data
Five kinds of question sit behind the word “data”. Each has its own providers.
Portfolio data answers questions about an address. Balances, positions and value, already priced.
Protocol data answers questions about a protocol. Total value locked, fees, revenue and yields.
Market data answers what something trades at. Prices, candles, liquidity and holder flows.
Network data answers what participants are doing together. Supply distribution, cost basis and exchange flows.
Record data answers what actually happened. Decoded transactions, event logs and verified contract code.
A node gives you none of this. It gives you bytes. This primer on how a blockchain API works explains the gap.
Best Crypto Data Apis In 2026: Top 5 For Developers (File Released)
1. CoinStats API (Best Overall)
One API for Markets, Wallets, DeFi and Portfolio Data
CoinStats Crypto API is a unified data layer for developers. It combines market data, wallet data, DeFi positions and portfolio analytics. Token security screening sits in the same schema. Coverage spans 100,000+ coins, 200+ exchanges and 120+ blockchains.
Wallet endpoints return balances and transactions across Ethereum, Solana, EVM chains and Bitcoin. Bitcoin support includes extended public keys (xpub, ypub, zpub). DeFi positions resolve per wallet across 10,000+ protocols. That covers staking, lending and liquidity tied to one address.
Token risk checks flag honeypots, hidden fees, blacklists and unrenounced ownership. Those checks run on EVM chains.
CoinStats API also ships an MCP Server for AI agents. It exposes wallet, DeFi and portfolio data to LLMs. Agents in Claude, Cursor and VS Code query it directly. That portfolio layer is the real differentiator. This best crypto API guide breaks down the endpoints.
Pros
Market, wallet, DeFi, portfolio and token security in one API
120+ blockchains and 100,000+ coins under one key
Per-wallet DeFi resolution across 10,000+ protocols
Bitcoin xpub, ypub and zpub support
Native MCP Server for AI and LLM workflows
Free tier with credit-based pricing
Cons
Read-only data layer, so no transaction submission
REST-first, with no streaming for live event data
Best Use Cases
Multi-chain portfolio trackers
DeFi dashboards across staking, lending and LP
Crypto tax and accounting tools
AI agents that query data through MCP
Wallet explorers and embedded widgets
Pricing
Pricing is credit-based with a free tier at signup. Paid plans start at $49 per month. Credits scale with endpoint complexity.
Best suited for: most data-driven builds, from portfolio trackers to AI agents.
Limitation: CoinStats API is a data layer, not a node provider. To broadcast transactions, pair it with RPC infrastructure.
2. DefiLlama
Free Protocol Economics Across Thousands of Protocols
DefiLlama tracks the economics of DeFi itself. It publishes total value locked, fees, revenue, yields and stablecoin supply. Coverage runs across hundreds of chains and thousands of protocols. The methodology is open source, so anyone can audit a number.
The open plan is genuinely free and needs no key. It returns TVL, revenue and fee data plus token prices. Most TVL figures quoted elsewhere trace back to it.
A developer API plan runs $300 per month. It allows 1,000 requests per minute and 1 million calls monthly. Extra calls cost $0.60 per thousand after that. A separate $49 Pro plan covers dashboards rather than API access.
DefiLlama also ships an MCP server plus installable agent skills. Each agent query costs one credit from the same API pool.
Best suited for: yield tools, DeFi dashboards and protocol research.
Limitation: DefiLlama works at protocol level, not wallet level. For per-address positions, pair it with CoinStats API.
3. Codex
Real-Time DEX Data and Prediction Markets in One Schema
Codex is an enriched blockchain data API with two pillars. Do not confuse it with the coding tool of the same name. The first pillar is tokens: real-time prices, OHLCV charts, holder analytics and balances. The second is prediction markets across Polymarket and Kalshi, now at record volume.
Odds, volume, trending events and order books share a single schema. Coverage reaches 70M+ tokens, 700M+ wallets and 80+ networks.
Access runs on GraphQL with WebSocket subscriptions and webhooks. Data freshness sits near one second. TradingView, Coinbase, Uniswap and pump.fun all build on it. A TypeScript SDK, an MCP server and agentic payments cover AI workflows.
The free tier allows 10,000 requests per month with full query access. Growth plans start at $350 per month.
Best suited for: trading terminals, token discovery and prediction market apps.
Limitation: Codex reads onchain markets, not exchange balances or DeFi positions. Pair it with a portfolio layer.
4. Glassnode
Network-Level Metrics for Research Teams
Glassnode measures what a whole network is doing. Its catalogue covers supply distribution, cost basis, profitability and exchange flows. Entity-adjusted metrics strip out transfers between wallets with one owner. That single correction changes most raw onchain numbers.
Coverage spans 1,500+ assets and onchain data from 11 blockchains. The Advanced plan costs $49 per month. It includes 300+ metrics at daily resolution plus API Light access. Professional adds longer history, 10-minute resolution and a credit-based API add-on.
Glassnode ships an MCP server, a CLI and an Excel add-in. Agents can also pay per call in USDC on Base. Metric calls cost five cents with no account required.
Point-in-time metrics never get revised, which keeps backtests honest. That pay-per-call route is new, and it suits research agents well.
Best suited for: research desks, market dashboards and macro-style analysis.
Limitation: Glassnode has no free plan and reads networks, not wallets.
5. Blockscout
Open-Source Explorer Data With a Real Free Tier
Blockscout is the open-source block explorer, exposed as an API. It returns decoded transactions, balances, event logs and verified contract ABIs. One key covers 120+ chains on every plan, free included. Endpoints follow the Etherscan V2 shape, so migrating is mostly a URL swap.
The free plan gives 100,000 credits per day at five requests per second. Builder costs $49 per month for 100 million credits. Pro costs $199 per month at 30 requests per second. Most standard calls spend 20 credits each. Keys come from the developer portal with no card required.
An MCP server runs on the same backend, alongside installable agent skills. The explorer stays open source, so any chain can self-host it. Teams debugging contracts get the same data their users see. Response headers return remaining credits on every call.
Best suited for: wallets, debugging tools and contract-level analytics.
Limitation: Blockscout returns chain records, not aggregated market data.
Side-by-Side Comparison
Best Crypto Data Apis In 2026: Top 5 For Developers (File Released)
CoinStats API DefiLlama Codex Glassnode Blockscout Primary layer Market, wallet, DeFi and portfolio Protocol economics Real-time DEX and prediction markets Network metrics Explorer records Core question What does this wallet hold? What is locked in this protocol? What is this token worth now? What is the network doing? What happened in this transaction? Coverage 100,000+ coins, 120+ chains Hundreds of chains 70M+ tokens, 80+ networks 1,500+ assets, 11 chains 120+ chains Wallet data Yes, with DeFi and P&L No Balances only No Balances and history AI / MCP Native MCP Server MCP server and skills MCP and agent payments MCP, CLI and pay-per-call MCP and agent skills Free tier Yes, credit-based Yes, open API Yes, 10,000 calls No Yes, 100,000 credits daily Entry paid plan $49/mo $300/mo $350/mo $49/mo $49/mo Best for Most data-driven builds DeFi research Trading and discovery Market research Contract-level work
What You Can Build
Portfolio trackers and wallet apps. CoinStats API returns holdings, prices and DeFi positions in one call.
Yield and treasury dashboards. DefiLlama supplies pool APYs, protocol fees and stablecoin supply.
Trading terminals and token screeners. Codex streams live pair data across 80+ networks.
Prediction market products. Codex normalises Polymarket and Kalshi into one schema.
Research and market reports. Glassnode supplies cost basis, supply and flow metrics.
Contract debuggers and audit tools. Blockscout decodes transactions and serves verified ABIs.
AI financial assistants. Every provider here now ships an MCP server for agents.
Best Crypto Data Apis In 2026: Top 5 For Developers (File Released)
One Provider or Several?
Most production teams do not run on a single API. They layer by question.
Start with CoinStats API for wallet, market, DeFi and portfolio data. Add DefiLlama when you need protocol economics behind those positions. Add Codex when live DEX pricing or prediction markets matter. Layer in Glassnode when the question turns to whole-network behaviour. Reach for Blockscout when you need the decoded record itself.
Two providers cover most products. Three is common at scale. Developers publish their own comparisons too. This hands-on developer comparison is worth a read.
Wrapping Up
There is no single best crypto data API. There is only the right answer to your question.
CoinStats API is the broadest starting point for application data. It suits most crypto use cases, from trackers to AI agents. DefiLlama owns protocol economics and stays free. Codex owns real-time DEX and prediction market data. Glassnode owns network-level research. Blockscout owns the decoded record.
Four of the five start free. Test the free tiers with real calls before you commit.
This article was originally published as Best Crypto Data APIs in 2026: The Top 5 for Developers on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

SafePal, a Binance-backed non-custodial wallet provider, has disclosed a data breach exposing the personal details of 39,798 users, including names, shipping addresses, phone numbers, and purchase data.
According to the company’s announcement, the breach impacted customers who placed orders with SafePal between March 2, 2025, and April 11, 2026. However, SafePal has assured users that private keys, seed phrases, and crypto assets are not compromised.
Crypto Hit By Safepal Breach
SafePal disclosed the flaw on X, attributing it to a flaw in the order-tracking plug-in that exposed the personal details of a small subset of customers. According to the post, the order information of customers who placed orders between March 2, 2025, and April 11, 2026, including names, shipping addresses, email addresses, phone numbers, and purchase details, was compromised.
“Dear community, while your SafePal wallet, seed phrase, and private keys are secure, we identified a flaw in the order-tracking plug-in that led to unauthorized access to information of a subset of customers.”
The company notified the affected users via email and stated that it had identified and fixed a verification defect in the plug-in that allows customers to track their orders. SafePal has also introduced additional security measures and removed over 30 fake websites and phishing links associated with the breach. However, a report by BleepingComputer states that at least one threat actor is selling stolen data from the breach on a cybercrime forum. Additionally, some users have reported phishing attempts as early as May.
Seed Phrases, Private Keys Secure
SafePal confirmed that seed phrases, private keys, wallet passwords, hardware wallets, and crypto assets were not compromised during the breach thanks to its cold storage architecture. Furthermore, the breach did not involve bank details, payment card numbers, or any government-issued identification number. SafePal has set up a dedicated tool for users to check if their details were compromised during the breach.
Implication For Safepal Users
While the breach did not compromise users’ funds or private keys, it exposed crucial personal details tied to users. This puts users at risk of phishing attacks or elaborate social engineering scams. SafePal has warned users to be wary of attempts to access wallet credentials, crypto assets, and other personal information through fraudulent emails, text messages, phone calls, letters, offers, phishing websites, fake firmware update requests, and customer support communication.
SafePal has also issued an advisory stating it would never ask for their recovery phrase, PIN, or private keys. The advisory added that users must move their funds to a new wallet if they had entered a seed phrase or private key on a suspicious website or in response to a suspicious message following the breach.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
This article was originally published as Safepal Data Breach: Personal Data Of 39,798 Users At Risk on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Blockchain analytics firm Chainalysis Government Solutions has filed a lawsuit against the United States government after Immigration and Customs Enforcement (ICE) awarded a sole-source contract to its competitor, TRM Labs.
In a filing made July 27 and posted publicly via CourtListener’s RECAP archive on Sunday, Chainalysis challenged the ICE procurement decision in the US Court of Federal Claims, arguing that the award process and outcome were not justified under federal contracting rules.
Key takeaways
Chainalysis Government Solutions sued ICE in the US Court of Federal Claims over ICE’s sole-source award to TRM Labs.
The contract is valued at about $94.6 million and covers forensic software and support services for Homeland Security Task Force investigations.
Chainalysis says it responded to ICE’s notice of intent with its own capability statement, but the award still went to TRM.
TRM Labs intervened in the case, with government and TRM responses due Friday and oral argument scheduled for Sept. 2.
The procurement dispute and contract scope
The federal award notice listed on SAM.gov values the contract at approximately $94.6 million. It specifies that the agreement covers forensic software and support services tied to Homeland Security Task Force investigations. The one-year performance period runs from July 1, 2026, through June 30, 2027.
Both Chainalysis and TRM Labs sell blockchain analytics and investigative tools used by government agencies to trace crypto-related activity and support law enforcement cases. That overlap is central to the dispute: Chainalysis argues the government’s decision to move forward through a sole-source pathway was inconsistent with the procurement approach implied by its earlier submissions.
Chainalysis alleges ICE acted “arbitrarily”
In its motion and related court filings, Chainalysis described ICE’s decision as “arbitrary, capricious, and unreasonable.” The company’s position is that it responded to ICE’s notice of intent to acquire forensic software and support services from TRM by submitting a capability statement.
According to the motion, the case complaint is under seal because it includes Chainalysis’s confidential and proprietary information, including trade secrets. The Court of Federal Claims granted Chainalysis permission to keep the complaint sealed on July 31.
While the public documents indicate the complaint itself remains confidential, the filing also frames the legal challenge around the procurement decision process—suggesting the company believes it had a reasonable basis to compete for the work but was sidelined when ICE proceeded with a sole-source award to TRM.
TRM intervenes as the case moves to scheduled arguments
TRM Labs intervened in the lawsuit on July 28, moving from being the recipient of the contract to an active participant in the court proceedings.
Court scheduling shows that responses from the government and from TRM are set for Friday, and oral argument is scheduled for Sept. 2. The government, according to the docket activity, requested a decision by Sept. 10.
The publicly available filings do not, in the excerpts currently accessible, spell out Chainalysis’s exact objections in granular detail or what specific remedy it seeks. As a result, observers cannot yet determine whether the claim focuses purely on legal grounds for sole-source contracting, on evaluation of capabilities, or on the procedural handling of submissions. The under-seal status also limits what can be confirmed from outside the case record.
What this means for crypto analytics procurement
This dispute highlights a recurring tension in government crypto-investigation technology: blockchain analytics vendors compete on technical capability, but procurement pathways—especially sole-source decisions—can compress or eliminate the opportunity for additional vendors to formally vie for awards. When companies believe they were improperly excluded, bid protests and contract challenges become the primary route to scrutiny.
For investors and builders in the crypto analytics sector, the timing also matters. The contract period begins July 1, 2026, meaning the court’s handling of the challenge could influence whether the award proceeds as planned or whether the government is required to revisit aspects of its procurement approach. Even if the case ultimately does not overturn the contract, litigation can still affect expectations around vendor selection and evaluation standards used by federal agencies for forensic crypto tooling.
At the same time, the lack of publicly detailed objections in the accessible record—and the fact that the complaint remains under seal—means market participants should be cautious about assumptions. The outcome will depend on what the court ultimately reviews in the sealed materials and in the arguments that will be presented at the Sept. 2 hearing.
Calls for comment and current status
TRM Labs declined to comment. Chainalysis and ICE did not respond to requests for comment before publication.
With the government and TRM filings due Friday and oral argument set for Sept. 2, the next public updates from the docket may clarify what specific procurement steps Chainalysis claims were unlawful and whether the company is seeking an injunction, a contract revision, or another form of relief.
If the court’s decision provides more detail about the justification for sole-source contracting in this context, it could offer a broader signal to other analytics vendors about how federal agencies evaluate readiness, performance risk, and competing capability statements during similar procurements.
This article was originally published as Chainalysis Files Suit Against US Over $95M ICE Contract With TRM Labs on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Blockchain analytics firm Chainalysis Government Solutions has filed a legal challenge against a U.S. Immigration and Customs Enforcement (ICE) decision to award a sole-source contract to rival TRM Labs. The dispute centers on ICE’s procurement choice for forensic blockchain analysis tools used in Homeland Security Task Force investigations.
According to CourtListener records, Chainalysis Government Solutions brought the case to the U.S. Court of Federal Claims on July 27. The filing—accessible through CourtListener’s RECAP archive as of Sunday—contests the award as unlawful and seeks court review of the procurement outcome.
Key takeaways
Chainalysis Government Solutions sued the U.S. government after ICE awarded a sole-source contract to TRM Labs for forensic blockchain analytics and support services.
The federal award notice values the contract at about $94.6 million for one year of work covering July 1, 2026 to June 30, 2027.
Chainalysis alleges ICE’s decision was “arbitrary, capricious, and unreasonable,” arguing it responded to a notice of intent related to TRM.
The complaint is under seal due to confidential and proprietary information, limiting public visibility into the precise arguments and requested remedies.
TRM intervened in the case; government and TRM responses are due Friday, with oral argument scheduled for Sept. 2.
The contract at the center of the lawsuit
The contract described in the award notice is valued at approximately $94.6 million and is intended to provide forensic software and support services for Homeland Security Task Force investigations. The period of performance spans one year, starting July 1, 2026 and ending June 30, 2027.
Chainalysis and TRM both operate in the same government-adjacent niche: they supply blockchain analytics tools that agencies can use to trace cryptocurrency-related activity and support investigations into alleged criminal behavior. This overlap is part of what makes the procurement decision consequential for vendors competing for public-sector work.
Chainalysis claims ICE ignored fair process
In its motion and complaint filings, Chainalysis Government Solutions characterized ICE’s decision as “arbitrary, capricious, and unreasonable.” The filing states that Chainalysis submitted a capability statement after receiving an ICE notice of intent seeking forensic software and support services from TRM.
While the public docket does not spell out Chainalysis’s specific objections in detail—largely because the court allowed the complaint to remain under seal—the company’s challenge indicates it believes the sole-source award did not follow the proper standards for federal procurement decisions.
The sealed nature of the lawsuit is important for readers to understand what is and isn’t yet visible. CourtListener notes that the complaint remains under seal because it contains Chainalysis’ confidential and proprietary information and trade secrets. The Court of Federal Claims granted Chainalysis permission to keep the complaint under seal on July 31.
TRM intervenes as the case moves toward argument
TRM Labs intervened in the case on July 28, according to CourtListener docket activity. Intervention typically means the awarded vendor is directly involved in defending the procurement decision and responding to allegations raised by the plaintiff.
Procedurally, the court has scheduled responses from both the U.S. government and TRM for Friday. Oral argument is set for Sept. 2. The government has requested a decision by Sept. 10, reflecting an expectation that the court can resolve the dispute on a relatively expedited timeline.
However, the public filings do not include detailed information about what remedy Chainalysis is seeking, nor do they lay out the full factual and legal basis of the company’s challenge in the open record.
Why the fight matters for crypto enforcement and vendors
This case sits at the intersection of crypto enforcement needs and federal procurement rules. Government agencies rely on blockchain analytics platforms to identify transaction flows, associate addresses with entities, and produce investigative leads that can be used in broader cases. When contracts are awarded without competitive bidding—sole-source procurement—vendors often scrutinize whether the process complied with procurement requirements and whether the government had a defensible basis for selecting a single provider.
For Chainalysis and TRM, the lawsuit is also a signal of how competition may play out in a market where government contracts can be large and operationally important. Even when both companies sell overlapping toolsets, the legal standards around how agencies choose among vendors can become decisive.
For other firms watching the space, the dispute underscores that procurement decisions in blockchain analytics—particularly for forensic use—can face formal challenges that may affect contract timelines, oversight, and how agencies structure future solicitations.
TRM Labs declined to comment. Chainalysis and ICE did not respond to requests for comment before publication.
As the sealed arguments begin to take shape through upcoming filings and scheduled court responses, investors, builders, and competing vendors will likely watch whether the court focuses on the procurement process itself (such as the justification for a sole-source award) or on more granular disputes tied to the parties’ capability submissions and the standards applied by ICE.
This article was originally published as Chainalysis Files Suit Against US Over $95M ICE Contract With TRM Labs on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

With the US Congress entering the final stretch of its legislative calendar, the odds of the proposed CLARITY Act have dropped sharply—according to Galaxy Digital’s Alex Thorn, down to just 10% for passage in 2026 from a much higher estimate in May. The change underscores how fragile the bill’s political pathway has become, and what could follow if lawmakers fail to deliver “rules of the road” for crypto markets.
As the clock tightens, attention is shifting toward regulatory contingency plans. If CLARITY does not advance, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are expected to move independently—while crypto firms and major industry stakeholders continue pushing for coordinated outcomes. Separate threads are also unfolding across cyber defense, prediction-market oversight, Ethereum’s post-quantum roadmap, and stablecoin auditing.
Key takeaways
Galaxy Digital cut its CLARITY Act passage estimate for 2026 to 10%, down from 75% in May, citing unresolved political issues and limited Senate time.
The Senate reconvenes on Sept. 14 with only 14 days in session, making the bill’s timeline dependent on near-immediate procedural momentum after return.
If CLARITY fails, the SEC and CFTC are positioned to issue their own crypto-market frameworks, raising the risk of overlapping or inconsistent rules.
Crypto companies have asked frontier AI labs for earlier access to more capable cybersecurity models for Bitcoin developers, amid continuing wallet breach incidents.
Regulation of prediction markets remains fragmented, with the CFTC pushing back against state restraints while courts and local bodies challenge the boundaries of federal versus state authority.
CLARITY timeline tightens as passage chances fall
Galaxy Digital’s research head Alex Thorn said the probability of the CLARITY Act passing in 2026 is now “just 10%.” In May, Thorn’s estimate was far higher at 75%, reflecting how quickly political momentum has eroded as negotiations encountered unresolved issues.
One core constraint is the Senate calendar. According to the reporting cited in the source, the Senate will have only 14 days in session after reconvening on Sept. 14. That leaves little room for delays unless lawmakers move quickly on procedural steps, including an initial motion to proceed immediately upon return. Thorn’s view, as stated, is that the bill would need to effectively take over the working session to pass within the window.
The stakes are not only legislative but regulatory. If CLARITY does not advance, the SEC and CFTC plan to step in with their own rulemaking for crypto markets—an outcome Thorn and others appear to view as less desirable than a single comprehensive framework. The SEC, for its part, had scheduled an open meeting to outline a path toward clearer “rules of the road,” but the meeting was canceled due to an “unforeseen scheduling issue,” according to the source.
There are also indications of political sensitivity around the sequencing of agency action. The White House was reportedly unhappy that the SEC might effectively go “rogue” on crypto rules, potentially complicating delicate negotiations to get CLARITY over the line.
High-level coordination attempts to keep CLARITY alive
Despite the reduced odds, stakeholders appear to be mobilizing around a final push. The source notes that SEC Chair Paul Atkins, President Donald Trump, and representatives from major crypto-adjacent institutions—including Coinbase, a16z, Ripple, Chainlink, NYSE, and Nasdaq—are expected to meet at the White House on Wednesday to discuss crypto regulation and ways to advance the bill.
The following day, the CFTC is scheduled to convene its new Innovation Advisory Committee to discuss regulation of crypto alongside AI and prediction markets. In practice, these parallel calendars reflect a dual-track posture: one aimed at passing CLARITY, and another preparing for continued regulatory work irrespective of whether Congress succeeds.
For investors and market participants, the immediate question is not whether enforcement will continue, but how predictable it will be. A comprehensive statute could reduce uncertainty around classification and jurisdiction. A patchwork approach—created by separate SEC and CFTC rulemaking—could increase compliance complexity, particularly for businesses straddling securities and commodities characterizations.
Cybersecurity push grows as more AI-enabled threats emerge
Beyond Washington, the crypto ecosystem is responding to evolving threat models—especially those shaped by increasingly capable AI systems. Multiple cryptocurrency firms, including Anchorage Digital, BitGo, Bitwise, Blockstream, Ledger, and Trezor, urged frontier AI labs to provide Bitcoin developers with early access to top-tier models.
The push is described in an open letter published by the Bitcoin Policy Institute. The letter argues that public frontier systems may impose guardrails that restrict defenders, forcing developers to rely on less capable open-weight models rather than tools closer to what attackers can use.
“Without dedicated access programs, defenders may lack the tools needed to keep pace with evolving threats to the infrastructure they maintain.”
The source links this urgency to recent incidents, including a reported $116 million theft from Coldcard hardware wallets, followed by a “Bitcoin Red Team” effort that used AI to identify thousands of potential cybersecurity issues using open-source Chinese models. It also points to ongoing data exposure risks affecting wallet users.
According to the source, Trezor reported a data breach involving personal details of roughly 14,000 users through its shipping provider ShipMonk, with customers at higher risk for phishing attacks if they received products in multiple listed regions between May 10 and Aug. 8. Separately, SafePal disclosed a breach affecting nearly 40,000 users’ order information, including names, addresses, and purchasing data, and reported taking down fraudulent websites and phishing links tied to the incident.
What to watch here is whether the request for AI access translates into concrete programs for defenders—because the gap between attacker capability and defensive tooling can directly affect the speed at which vulnerabilities are identified and mitigated.
Prediction markets face continued federal-state friction
Prediction market regulation remains a live battlefield between federal oversight and state restrictions. The CFTC ordered prediction market platform Kalshi to disregard a restraining order in New York and continue operating normally, calling New York’s enforcement action a “market emergency” because it could prevent Kalshi from operating nationally.
The CFTC’s reasoning, as cited in the source, centers on the view that the Commodity Exchange Act requires a uniform national derivatives market. CFTC Chair Michael Selig said Congress did not intend derivatives exchanges to face a “patchwork” of state gaming laws.
However, the regulatory conflict is far from settled. A Washington state judge later ordered Kalshi to stop operating in Washington and rejected Kalshi’s argument that federal commodities law preempts Washington’s gambling law. The source says Kalshi was ordered to implement IP-address and residency-based geofencing by Aug. 19 and a GeoComply multi-source geofencing system by Sept. 2.
Meanwhile, local-level scrutiny is also growing: the New York City Council launched an investigation into prediction market firms to examine whether influencer-driven marketing uses “false and deceptive” tactics targeting young adults, according to the source.
For platforms, compliance strategy may increasingly hinge less on one-time legal outcomes and more on the operational reality of jurisdiction-by-jurisdiction constraints—especially where geofencing becomes a workaround rather than a definitive legal solution.
Ethereum narrows its post-quantum choices and refocuses Hegotá scope
On the network development front, the Ethereum Foundation is adjusting its post-quantum architecture. Researcher Justin Drake said the foundation is moving away from the Poseidon hash function in its plan, instead leaning on established alternatives such as SHA or BLAKE.
The source frames the rationale around recent progress: Poseidon is designed to work well with zero-knowledge proofs and can help compress post-quantum signature sizes, but Drake argued that developments mean SNARKs can be tailored to work better with existing hash functions.
According to the same reporting, Ethereum is targeting a production-ready “leanVM” for 2027, with deployments across Ethereum’s consensus, data, and execution layers in 2028. Separately, developers are reviewing 66 proposals to narrow scope for the next major upgrade after “Glamsterdam,” referred to as Hegotá.
The source notes that the censorship-resistance proposal FOCIL is currently the only Ethereum Improvement Proposal scheduled for inclusion, with several other EIPs focused on privacy. Developers are aiming to ship Hegotá next year, while Glamsterdam is expected in the coming months.
Tether completes first full financial audit with clean KPMG opinion
In stablecoin auditing, Tether announced it has completed the first full independent audit of its annual financial statements. The source says KPMG US issued a clean opinion on Tether’s 2025 accounts, covering the year ended Dec. 31, 2025, including balance sheet items, income statement figures, cash flows, and the assets purportedly backing issued tokens.
Tether also stated that the audited statements showed reserves exceeding liabilities by $6.814 billion. The source emphasizes that this full audit differs from Tether’s quarterly reserve attestations by subjecting broader financial statements and underlying evidence to independent examination.
For market participants, the practical value is not in the audit’s existence alone but in what an audited process adds to transparency: independent verification of the evidence and the full set of financial statements, rather than periodic reserve-focused attestations.
Looking ahead, the biggest variable remains congressional timing: whether CLARITY can gain enough procedural momentum before the Senate’s short September window closes. At the same time, the regulatory direction agencies choose if Congress falls short—and how quickly firms respond with security and compliance tooling—may matter as much to real-world operations as any eventual statute.
This article was originally published as 54,000 Wallet Records Leaked as CLARITY Odds Drop to 10%: Digest on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Coinbase and Ripple executives will join President Donald Trump at the White House next week. The meeting brings together major crypto companies and top financial regulators. It sets the stage for a broader push on digital asset policy.
Brian Armstrong and Brad Garlinghouse Lead the List
Brian Armstrong of Coinbase and Brad Garlinghouse of Ripple top the expected attendee list. Both executives have spent months pushing lawmakers toward clearer crypto rules. Their companies rank among the most vocal supporters of pending legislation.
Semafor first reported the details of the upcoming gathering. The outlet named several firms beyond Coinbase and Ripple as likely participants. Executives from a16z, Chainlink, Paradigm, and Kalshi are expected to attend as well.
The meeting arrives just one day before a separate but related event. Officials will use the gathering as a lead-in to a bigger regulatory session. That timing suggests the administration wants continuity between private talks and public policy work.
Regulators and Prediction Markets Join the Conversation
President Trump plans to attend the meeting alongside two key regulators. CFTC Chair Mike Selig and SEC Chair Paul Atkins are both expected to appear. Their presence signals that regulatory coordination sits high on the agenda.
The gathering also doubles as a kickoff for the CFTC’s Innovation Advisory Committee. That committee holds its first official meeting on August 20. Participants there will cover crypto regulation, artificial intelligence, and prediction markets in one session.
Prediction market platforms have grown increasingly relevant to federal regulators this year. Kalshi’s inclusion in the meeting reflects that shift in focus. Crypto and prediction markets now sit closer together in policy discussions than before.
The full agenda for the White House meeting remains undisclosed. Still, industry context points toward legislative priorities shaping the conversation. Coinbase and Ripple have both pressed the Senate to act quickly.
Clarity Act Odds Continue to Slide
Momentum behind the CLARITY Act has weakened in recent weeks. Polymarket data shows just a 19% chance the bill becomes law this year. That figure marks a renewed drop after previous signs of progress.
Galaxy Research cut its own projection even further, down to 10%. The firm pointed to unresolved legislative issues as a central concern. It also noted the Senate has limited working days before the midterm recess begins.
Armstrong has pushed back against pessimism surrounding the bill’s prospects. He remains confident that lawmakers can still pass the legislation this year. His comments came despite the bill stalling during the Senate’s August break.
Regulatory agencies appear ready to act independently if Congress does not. The SEC and CFTC could offer clarity without new legislation. Both agencies have signalled openness to guidance-based approaches this year.
The SEC recently cancelled a scheduled crypto meeting of its own. It also paused its proposed Innovation Exemption guidance for now. Officials likely want to avoid overlapping with ongoing legislative efforts.
These moves suggest agencies are timing their actions around Congress. Regulators seem to be waiting for legislative clarity before advancing new rules. The coming weeks will show whether that patience produces results.
The White House meeting therefore carries weight beyond a single afternoon. It links private industry input with public regulatory planning. Outcomes from the session could shape crypto policy for months ahead.
This article was originally published as Trump to Host Coinbase, Ripple Chiefs Amid Crypto Rule Push on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Ethereum’s core development team is evaluating a large backlog of proposed changes as it prepares the next major network upgrade, Hegotá. Developers say they are currently reviewing 66 proposals, with several focused on adding new on-chain capabilities for privacy-oriented applications.
Among the items being considered are a set of Ethereum Improvement Proposals (EIPs) that, if adopted, would add “native privacy” primitives—potentially reducing the need for privacy apps to depend on third-party workarounds. Ethereum Foundation contributor Toni Wahrstätter outlined the case in a Sunday post on X, arguing that proposals could help enable privacy functionality directly at the protocol level.
Key takeaways
Ethereum developers are reviewing 66 proposals for Hegotá, with multiple EIPs tied to privacy enhancements.
FOCIL (EIP-Failed by inclusion list concept) is currently the only EIP explicitly scheduled for Hegotá, according to the discussion referenced in the source.
Additional proposals under consideration—Frame Transactions (EIP-8141), Keyed Nonces (EIP-8250), and Recent Roots for Frame Transactions (EIP-8272)—are framed as components for “native privacy.”
Developers aim to roll out Hegotá next year, while the next core developer call is set for Monday at 2:00 pm UTC.
Separately, the roadmap points to Glamsterdam as a major near-term upgrade, with a mainnet launch expected in the second half of 2026.
Hegotá: a long proposal slate and a privacy push
Hegotá is shaping up to be a consolidation moment for Ethereum development priorities. The source states that developers are actively reviewing 66 proposals to decide which changes should be scoped into the upgrade.
In the discussion cited, Wahrstätter argues that more than a single privacy-related mechanism may be needed to achieve the desired outcome: protocol-level privacy that applications can use without having to route around the base layer through intermediaries. This positions privacy not as an optional add-on, but as a likely theme of what gets built into Hegotá.
Why FOCIL and the “frame” privacy primitives matter
At present, the source indicates that FOCIL is the only EIP scheduled for inclusion in Hegotá. FOCIL—standing for Fork-choice enforced inclusion lists—is intended to let a committee of validators force pending transactions into blocks. The stated goal is to strengthen censorship resistance by limiting the ability for blocks to exclude particular transactions.
The privacy-oriented proposals appear to complement that effort by introducing protocol building blocks tailored for privacy applications:
Frame Transactions (EIP-8141)
Keyed Nonces (EIP-8250)
Recent Roots for Frame Transactions (EIP-8272)
According to the X post cited in the source, these EIPs should be considered so that privacy apps can operate using native protocol features instead of relying on intermediaries. The practical implication for builders and users is that privacy might become easier to integrate—potentially reducing complexity, reducing reliance on external systems, and aligning privacy behavior more closely with Ethereum’s core execution and verification model.
Upgrade timing and what happens if proposals miss Hegotá
Ethereum’s core developers are targeting a Hegotá release next year, but the exact scope will be determined through ongoing engineering review. The source also notes that the next Ethereum core developer calls are expected to influence a major portion of the development trajectory for 2027.
Importantly, the source adds that proposals not selected for Hegotá could be reconsidered for later upgrades. That means the current review process is not just about choosing immediate inclusions—it also affects how privacy-related design work and other protocol changes may be phased across multiple release cycles.
The next Ethereum developer call is scheduled for Monday at 2:00 pm UTC, a meeting that will likely clarify which proposals advance and how developers think about scoping.
What else is coming: Glamsterdam’s scalability and usability goals
While attention is on Hegotá, Ethereum developers are also moving toward a major earlier milestone: Glamsterdam. The source characterizes Glamsterdam as one of the “most consequential upgrades” this year, emphasizing three themes: improved scalability, layer-1 hardening, and making the network easier to use.
According to Ethereum’s public roadmap as referenced in the source, a mainnet launch is expected in the second half of 2026. That timeframe matters for market participants and developers because it suggests a near-term sequence: first implement the Glamsterdam improvements on mainnet, then continue scoping Hegotá’s longer-term protocol changes.
The source also references earlier reporting from Cointelegraph on Glamsterdam milestones and newly named protocol leads, reinforcing that this upgrade is already in an advanced planning and execution phase.
Closing perspective
With 66 proposals under review and a core developer call set for Monday at 2:00 pm UTC, the next steps for Hegotá will help determine how quickly Ethereum can move from privacy concepts to usable protocol primitives. Readers should watch which privacy-related EIPs advance beyond review and how developers weigh them against other constraints in the scoping process.
This article was originally published as Ethereum Developers to Trim 66 Hegotá Upgrade Proposals on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Ethereum core developers are narrowing down a broad set of proposals for the next major upgrade, dubbed “Hegotá,” as they work toward shipping a package intended to improve the network’s robustness and expand what privacy-focused applications can do on-chain. The review process covers 66 proposals in total, with several of them centered on adding privacy-related capabilities to Ethereum.
According to a Sunday post on X by Ethereum Foundation contributor Toni Wahrstätter, the only Ethereum Improvement Proposal (EIP) currently scheduled for Hegotá is FOCIL (Fork-choice enforced inclusion lists). Wahrstätter also argued that additional privacy-adjacent EIPs—Frame Transactions (EIP-8141), Keyed Nonces (EIP-8250), and Recent Roots for Frame Transactions (EIP-8272)—should be considered alongside FOCIL to “unlock native privacy,” enabling privacy applications to function without depending on intermediaries.
Key takeaways
Ethereum developers are reviewing 66 proposals to define the scope of the Hegotá upgrade.
FOCIL is the only EIP currently slated for Hegotá, aiming to strengthen censorship resistance via inclusion enforced by a committee of validators.
Additional privacy-oriented EIPs—EIP-8141, EIP-8250, and EIP-8272—have been proposed as candidates to expand “native privacy” primitives.
Core developers are targeting Hegotá for release next year, while proposals not included may be reconsidered later.
Hegotá scope review: from 66 ideas to a deliverable upgrade
The Hegotá upgrade is shaping up as a multi-threaded effort: developers must balance near-term implementation constraints with longer-term architectural goals. The latest round of work involves evaluating 66 proposals to decide which changes should be bundled into the next major upgrade.
As the proposal list is narrowed, attention is increasingly turning to privacy-related building blocks. Wahrstätter’s commentary frames the argument around reducing reliance on outside systems: rather than leaving privacy applications to coordinate with intermediaries, he suggests Hegotá should adopt protocol-level primitives that privacy apps can use directly.
What FOCIL would change for censorship resistance
FOCIL—Fork-choice enforced inclusion lists—is intended to affect how Ethereum handles transactions that are pending when block building occurs. In Wahrstätter’s description, the mechanism would allow a committee of validators to enforce the inclusion of pending transactions into blocks. The goal is to strengthen censorship resistance, making it harder for certain transactions to be consistently excluded under adverse conditions.
While FOCIL is currently the only EIP scheduled for Hegotá, its inclusion signals that the upgrade’s scope is not limited to privacy: developers are also prioritizing changes that can influence transaction inclusion behavior at the protocol level.
Privacy primitives under consideration for native application use
The other proposals discussed in the same context focus on enabling privacy features more directly within the protocol itself. While they are not currently scheduled for Hegotá, they are specifically named as candidates that—if adopted—could help achieve the “native privacy” outcome Wahrstätter is advocating.
In particular, Frame Transactions (EIP-8141) and Recent Roots for Frame Transactions (EIP-8272) are positioned as components that would support how privacy-related transactions can be framed and validated over time, while Keyed Nonces (EIP-8250) is described as part of the supporting machinery needed for privacy-oriented operation.
The practical implication for builders is straightforward: protocol-level privacy primitives can reduce the need for custom workarounds and third-party coordination. Instead of privacy applications relying on intermediaries to bridge gaps in current Ethereum capabilities, these applications could potentially interact with privacy features that are more consistently available at the base layer.
Timing, governance, and what happens to proposals that don’t make Hegotá
Developers are aiming to ship Hegotá next year. The process matters because the decisions being made through Ethereum’s core development channels shape Ethereum’s roadmap well beyond a single upgrade.
In parallel, the upcoming next Ethereum core developer call is scheduled for Monday at 2:00 pm UTC. That call is expected to influence the development trajectory for the year 2027, according to the article’s framing. The practical reason for that timing is that proposals that do not make the cut for Hegotá are not necessarily dead—they could be reconsidered in a later upgrade cycle.
This “triage” dynamic is a familiar pattern in large network upgrades: early inclusion decisions determine which parts of the ecosystem get access to new protocol capabilities sooner, and which builders may have to wait longer. For privacy-focused developers and researchers, the outcome will depend not only on technical merit but also on whether the proposed privacy primitives can fit into Hegotá’s scope constraints.
Glamsterdam first: scalability and usability improvements in 2026
While Hegotá is still in the planning and selection phase, Ethereum developers are also preparing to ship Glamsterdam, described as one of the most consequential upgrades planned for 2026. Glamsterdam is intended to improve scalability, harden the layer-1, and make the network easier to use.
Ethereum’s public roadmap anticipates a mainnet launch sometime in the second half of 2026. For readers tracking Ethereum’s long-term direction, this matters because it outlines the sequencing: improvements aimed at capacity and usability are expected first, while privacy and other larger architectural shifts continue to be evaluated for subsequent upgrades.
Next, developers will use the upcoming core developer call and ongoing proposal review to decide which EIPs enter Hegotá and which are deferred. The key uncertainty for investors and builders is whether the privacy-oriented proposals highlighted by Wahrstätter will move from “should be considered” to actual inclusion—an outcome that could meaningfully change what kinds of privacy applications are practical on Ethereum without relying on external intermediaries.
This article was originally published as Ethereum Developers Propose Cutting 66 Hegotâ Upgrade Items on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Tokenized stock products are gaining traction as interest spreads beyond the first wave of private-market hype. Data from RWA.xyz shows the number of tokenized stock holders has surged to 1.31 million—more than doubling over the past month.
The activity metrics are moving with the same momentum. Monthly transfer volume climbed nearly 180% to $23.13 billion, while monthly active addresses rose 34.62% to roughly 572,000. Across the market, the total distributed value of tokenized stocks increased 5.9% to $2.38 billion, according to RWA.xyz’s tracking.
Key takeaways
Tokenized stock holders hit 1.31 million, up from a month ago, per RWA.xyz.
Monthly transfer volume jumped to $23.13 billion, nearly doubling (+180%).
Total distributed value rose to $2.38 billion, with monthly active addresses approaching 572,000.
Ondo remains the top issuer by distributed value, but Kraken and Binance are close behind.
SpaceX-related tokenized exposure has continued to grow after pre-IPO campaigns were canceled and refunded.
Holder growth accelerates alongside transfer volume
RWA.xyz attributes the rapid expansion to both broader participation and increased on-chain movement. With holders more than doubling to 1.31 million, the market appears to be transitioning from early adoption into a more mainstream user base. This is reflected in transfer volume growth: monthly transfers surged to $23.13 billion, a pace far outstripping the distributed-value increase.
That mismatch—transfer activity rising faster than distributed value—can be consistent with a market that is seeing more frequent rotation among tokenized products, not just long-term accumulation. Meanwhile, monthly active addresses increased to nearly 572,000, indicating that the growth is not limited to a small set of wallets.
For investors and traders, the practical takeaway is that liquidity and participation are likely improving, but it also suggests that demand may be tactical as well as allocative. Watching transfer volume alongside distributed value can help distinguish between “churn” and genuine expansion in underlying demand.
Top issuers hold their positions—Ondo leads
At the time of writing, distributed value is still concentrated among a handful of issuers. RWA.xyz places Ondo at the top with about $872 million in distributed value. Kraken’s xStocks follows with $557.8 million, while Binance’s bStocks sits at $521.8 million.
Binance’s bStocks, launched in June, has been catching up quickly. RWA.xyz reports that bStocks is roughly $36 million behind xStocks in distributed value, despite being a later entrant. The “gap” shrinking is one of the clearest signals in the dataset that competition for tokenized stock mindshare is intensifying.
RWA.xyz also highlights which underlying assets attract the most distribution. The largest individual tokenized holdings by distributed value include Securitize at $145.2 million, Strategy PP Variable xStock at $135.6 million, and Ondo’s tokenized Circle shares at $99.7 million.
Private-market tokenization keeps expanding—despite SpaceX setbacks
The growth in tokenized equities follows a broader push by crypto platforms toward private-market and pre-IPO products earlier this year. Multiple exchanges launched offerings tied to SpaceX ahead of its June 12 public-market debut. Products ranged from tokenized pre-IPO exposure to derivatives-like structures and proxy tokens.
RWA.xyz’s figures suggest the “SpaceX moment” did not fade after the listing. Even though parts of the rollout ran into problems, tokenized SpaceX exposure in distributed value has continued to grow.
Earlier coverage from Cointelegraph noted that Binance, Bybit, and Bitget Wallet canceled their tokenized SpaceX IPO campaigns after xStocks failed to secure enough underlying shares to satisfy demand, resulting in refunds for subscribers. Despite that disruption, RWA.xyz reports that tokenized SpaceX exposure via Binance’s bStocks stands at $67.9 million in distributed value since the company’s June 12 listing—ranking seventh among the tokenized assets tracked.
This sequence matters for market credibility. Cancellations and refunds are usually viewed as setbacks, yet the remaining distributed-value growth implies that users were willing to stay in tokenized products once the underlying asset picture became clearer. It also underscores a key distinction: promotional pre-IPO products may be fragile, while ongoing post-listing or continuously available tokenized exposure can sustain demand.
Real-world asset tokenization remains a growth thesis
Tokenized equities are expanding in the context of a wider real-world asset (RWA) tokenization trend. Standard Chartered has forecast that tokenized RWAs could grow into a $4 trillion market by the end of 2028, a projection referenced in earlier coverage by Cointelegraph.
While forecasts are not outcomes, the RWA.xyz metrics provide a concrete snapshot of current momentum within one segment—tokenized stocks. The combination of rapidly increasing holders, higher transfer volume, and a growing distributed-value base suggests that tokenization products are becoming an established category rather than a purely experimental feature.
Still, the data also highlights what investors should monitor closely: whether distributed value keeps rising at a steady rate, and whether activity growth translates into durable allocation. The market can look “hot” on transfer metrics even when underlying distributed value grows more slowly.
Going forward, readers should watch whether the competitive gap between issuers continues to narrow—especially between Binance’s bStocks and Kraken’s xStocks—and whether post-listing tokenized exposure maintains traction after earlier pre-IPO campaigns were disrupted.
This article was originally published as Tokenized Stock Holders Rise 2× as Monthly Trading Volume Jumps on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Tokenized stocks are seeing a rapid rise in participation and liquidity, according to new on-chain market tracking from RWA.xyz. The number of tokenized stock holders has more than doubled over the past month to 1.31 million.
RWA.xyz also reports that monthly transfer volume climbed nearly 180% to $23.13 billion, while monthly active addresses increased 34.62% to just under 572,000. The total distributed value of tokenized stocks rose 5.9% to $2.38 billion.
Key takeaways
Tokenized stock holders grew to 1.31 million—more than double month-over-month, per RWA.xyz.
Monthly transfer volume surged to $23.13 billion (+~180%), suggesting stronger usage beyond just new wallets.
Total distributed value increased to $2.38 billion (+5.9%), even as the sector remains competitive.
Ondo leads by distributed value at about $872 million, followed by Kraken’s xStocks and Binance’s bStocks.
SpaceX tokenization saw heightened activity around its June 12 public listing, despite earlier campaign issues.
Growth metrics: more holders, higher activity, rising value
The latest RWA.xyz figures point to broad-based momentum rather than a narrow spike in one product. Alongside the sharp jump in holders, the increase in monthly active addresses indicates that more participants are actively transacting during the period, not merely registering.
Liquidity also appears to be strengthening. With monthly transfer volume up by nearly 180% to $23.13 billion, tokenized equities are generating materially more on-chain movement than they did just a month prior. At the same time, total distributed value rose 5.9% to $2.38 billion, reflecting a net expansion in the value of tokenized stock instruments distributed through the ecosystem tracked by RWA.xyz.
In terms of market leadership, Ondo remains the largest issuer by distributed value, sitting at roughly $872 million. Kraken’s xStocks follows with about $557.8 million, and Binance’s bStocks is close behind at $521.8 million.
Who’s leading: Ondo, xStocks, and bStocks close the gap
RWA.xyz’s distribution rankings show a fairly tight race among the largest tokenized stock programs. While Ondo holds a clear lead, Binance’s bStocks has moved into the same competitive tier as Kraken’s xStocks.
bStocks launched in June and is already within approximately $36 million of xStocks in distributed value, according to RWA.xyz. That proximity matters for investors and market participants because it suggests the category’s growth is not confined to one dominant issuer; multiple providers are attracting demand quickly enough to reduce relative gaps.
RWA.xyz also lists several of the largest underlying tokenized assets by distributed value. Among them are Securitize at $145.2 million, Strategy PP Variable xStock at $135.6 million, and Ondo’s tokenized Circle shares at $99.7 million.
Private-market demand and the SpaceX test
The current expansion in tokenized equities aligns with a broader push by crypto platforms into private-market and pre-IPO products earlier this year, with attention particularly focused on SpaceX. In the months leading up to SpaceX’s June 12 public-market debut, multiple platforms—including Binance, Coinbase, Kraken, Bybit, Bitget, and Blockchain.com—rolled out products tied to SpaceX. These ranged from tokenized pre-IPO exposure to perpetual futures and proxy-style tokens.
Some of the activity was clearly driven by substantial investor interest. Earlier coverage from Cointelegraph noted that a Binance campaign drew about $557 million ahead of the listing, highlighting strong demand for exposure to the pre-IPO and transition period.
However, not all parts of these efforts worked smoothly. Cointelegraph previously reported that Binance, Bybit, and Bitget Wallet canceled their tokenized SpaceX IPO campaigns after xStocks failed to secure enough underlying shares to satisfy demand. Refunds were issued to subscribers, underscoring how tokenization outcomes can be constrained by real-world share availability and allocation mechanics—despite high on-chain interest.
Still, even after the campaign cancellations, tokenized SpaceX exposure persisted. RWA.xyz data shows that tokenized SpaceX exposure via Binance’s bStocks has grown to $67.9 million in distributed value since the June 12 listing, placing it seventh among individual tokenized assets tracked by RWA.xyz.
What it may mean for the real-world assets market
The rapid increase in holders, activity, and distributed value suggests tokenized stocks are becoming a more established on-ramp into real-world assets for crypto users—especially when packaged as liquid, transferable tokens.
This momentum also fits into larger industry forecasts. Standard Chartered has projected that tokenization could reach a $4 trillion market by the end of 2028, as highlighted in earlier Cointelegraph reporting. While forecasts don’t guarantee outcomes, the recent performance tracked by RWA.xyz indicates that at least one segment of real-world assets—tokenized equities—is gaining measurable traction.
For market watchers, the key question is whether the growth is durable beyond short-term thematic surges. SpaceX-related campaigns illustrate both the appetite for tokenized exposure and the operational friction that can occur when real-world supply (like underlying shares) doesn’t match token demand. Going forward, investors may want to monitor whether issuers improve allocation reliability and whether new launches can sustain user activity once the initial hype around major corporate events fades.
Next, readers should watch how quickly distributed value and active address growth sustain over subsequent months, and whether new tokenized stock launches narrow the gap between the top issuers—or trigger renewed allocation challenges when demand spikes around real-world listings.
This article was originally published as Tokenized Stock Holders More Than Double as Monthly Volume Rises on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin’s next major move could be shaped by a seasonal pattern, according to Swan Bitcoin CEO Cory Klippsten. Speaking to Cointelegraph, Klippsten suggested that BTC may form a bottom in October before staging a recovery toward roughly $130,000 ahead of the 2028 halving.
Klippsten’s framing also includes a potentially painful downside scenario: in his view, Bitcoin could drop to the $57,000 area—or even as low as $53,000—before any rebound. At the same time, other market analysts are watching for signs of an earlier bear-market bottom, pointing to an August threshold based on monthly closes.
Key takeaways
Klippsten expects Bitcoin could bottom in October after a peak above $126,000 in early October 2025, then recover toward about $130,000 before the 2028 halving.
In his downside scenario, BTC may fall to around $57,000 or even $53,000 before a “quick recovery.”
Klippsten argues long-term holder accumulation could shift timing earlier than past cycles, referencing a record share of supply held by long-term investors.
Markus Thielen of 10x Research says a bear-market bottom could be confirmed in August if Bitcoin posts a monthly close above $63,000.
Klippsten believes altcoins are unlikely to compete with Bitcoin as “money,” while noting that centralized crypto firms may ultimately be pulled under traditional finance regulation.
Why October is on the table for Bitcoin’s “cycle bottom”
Klippsten’s October call is rooted in what he says is a recurring timeline across prior bull-market peaks. He argued that Bitcoin has tended to bottom roughly 12 months after each previous bull-market top. However, he also warned that relying on only a handful of completed cycles is risky—implying investors should treat this as a hypothesis rather than a guaranteed schedule.
The timing he referenced is anchored to BTC’s performance in early October 2025, when Bitcoin reportedly peaked above $126,000. From that peak, Klippsten’s expectation is that the market should bottom in October, followed by recovery into the next phase of the broader cycle.
Importantly, Klippsten’s view is not simply “up from here.” He also pointed to a possible deeper drawdown before a rebound, saying Bitcoin could fall to about $57,000 or potentially $53,000—suggesting that any October bottom would likely arrive after further weakness rather than immediately.
Holder accumulation and the possibility of earlier bottoms
Klippsten’s September-to-October thesis builds on an earlier argument he made in a June conversation with Cointelegraph. In that earlier interview, he suggested BTC might bottom earlier than in past cycles if long-term holders continue accumulating record levels of supply.
Cointelegraph previously reported that Klippsten tied the idea to “record” long-term holder participation, citing 14.7 million BTC as a share held by long-term investors. In the latest discussion, he maintained the idea that accumulation could influence the timing of a bottom—one reason why other analysts may be looking at earlier confirmations than October.
The practical takeaway for market participants is that timing indicators may depend on whether distribution versus accumulation dominates during the downturn. If long-term holders continue to absorb supply, the market could transition faster than a strict historical average would suggest—though Klippsten’s range still includes a potential late-cycle risk floor around the low-$50,000s.
Other analysts target August with a simple monthly signal
While Klippsten focused on October, not every analyst agrees on the month. Markus Thielen, founder of 10x Research, told Cointelegraph that Bitcoin could confirm a bear-market bottom in August if BTC achieves a monthly close above $63,000.
Thielen’s argument is tied to how certain cycle indicators react to key trend confirmations. According to Cointelegraph, a successful August close above $63,000 would turn several of 10x Research’s indicators bullish—essentially framing $63,000 not just as a number to watch, but as a trigger that could change the model’s stance on the market’s trend.
For investors, the difference between “October likely” and “August possible” is more than calendar trivia. It can affect how people manage exposure during drawdowns, how they interpret risk levels, and how quickly they expect liquidity to return. Until BTC clarifies its direction through those month-end thresholds, any month-by-month bottom narrative remains conditional.
Klippsten’s take on altcoins: fewer bets, more regulation
Beyond timing, Klippsten argued that altcoins are losing their credibility as alternatives to Bitcoin as a medium of value. He described them as “basically dead” as competitors to Bitcoin as money and said the “best outcome” for crypto and decentralized finance would be integration into traditional finance—what he referred to as “TradFi.”
Asked about altcoins that may still outperform, he pointed to Hyperliquid as an example of a centralized business that could eventually be treated like part of the traditional financial system. In a quote carried by Cointelegraph, Klippsten said that if a centralized business has a token, regulators and traditional finance may eventually absorb it, viewing it as an exchange and a bank.
That view aligns with how some market observers are interpreting institutional involvement: regulatory pressure and compliance frameworks could determine which crypto products survive and how tokens are structured. Even when an altcoin sees strong traction, the question becomes whether it can evolve into something that fits existing regulatory categories.
Hyperliquid has recently attracted measurable attention on-chain and in DeFi revenue rankings. Cointelegraph cited DefiLlama data showing Hyperliquid generated $5.9 million in revenue during the past week and ranked as the industry’s fifth-largest DeFi protocol by weekly revenue. Cointelegraph also reported that the Hyperliquid HYPE token was up 130% year-to-date, while Bitcoin fell 28% over the same period, according to TradingView.
At the same time, Cointelegraph included a separate perspective from market maker Wintermute. In a July report, Wintermute argued that institutional participation has narrowed altcoin rallies. The firm said liquidity tends to concentrate in assets that institutions favor, while activity across crypto’s “long tail” weakens—suggesting that “altseason” dynamics may be changing from broad-based rotations into more selective bursts.
What to watch next: bottoms versus triggers, not narratives
Whether Bitcoin bottoms in August or October, the most actionable signal may be confirmation through month-end levels and follow-through after sharp selloffs—especially if long-term holder accumulation continues to provide structural support. Separately, Klippsten’s warnings about altcoins “as money” raise a distinct question for traders and builders: will performance continue to be driven by liquidity and token incentives, or will regulation and institutional frameworks progressively reshape what survives in practice?
This article was originally published as Swan CEO: Bitcoin May Bottom in October as Altcoins Languish on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.