Tag: cryptocurrency

BlackRock’s ETHA Reverse Split: How It Makes Ethereum Trading 70x Cheaper

BlackRock is set to execute a rare reverse split on its iShares Ethereum Trust ETF (ETHA) on October 6, a move designed to improve trading efficiency and significantly reduce costs for investors seeking Ethereum exposure through traditional brokerage accounts.

What Is the ETHA Reverse Split?

The one-for-three reverse split will consolidate every three ETHA shares into a single share. According to the filing with the U.S. Securities and Exchange Commission (SEC), this adjustment raises the ETF’s share price without altering the total value of investors’ holdings or the fund’s underlying assets. Unlike reverse splits often associated with struggling companies, BlackRock’s action is aimed at optimizing the fund’s trading characteristics when the market price moves outside a preferred range.

Impact on Share Price and Trading Costs

ETHA currently trades around $14.15 per share, reflecting Ethereum’s 37% decline this year from over $3,200 to roughly $1,870. Despite the price drop, the ETF manages about $5.4 billion in assets and has attracted over $11 billion in cumulative net inflows. After the reverse split, the share price will rise to an estimated $42.45, and the number of outstanding shares will drop from 384 million to 128 million. Investor holdings will remain unchanged in total value.

Bloomberg Intelligence ETF analyst Eric Balchunas predicts that the higher share price will narrow ETHA’s bid-ask spread significantly. “This will lower cost to trade from 7bps to 2bps-ish,” Balchunas said, highlighting how ETF issuers work to reduce even small trading costs.

How ETHA Compares to Retail Crypto Platforms

The projected reduction makes ETHA substantially cheaper to trade than many retail cryptocurrency platforms. Balchunas noted that some crypto purchase services, such as those available through Ledger, quoted spreads around 150 basis points, while Coinbase’s simplified buying service charged approximately 140 basis points. Based on these figures, ETHA’s estimated 2-basis-point spread after the reverse split would make trading the ETF roughly 70 times cheaper than certain retail crypto purchases in terms of execution costs alone.

However, the two investment methods serve different purposes. An ETF provides Ethereum price exposure through a traditional brokerage account and charges an annual management fee. Direct cryptocurrency purchases allow investors to transfer assets into self-custody, interact with decentralized applications, and participate in on-chain activities. For those focused primarily on market exposure rather than blockchain utility, BlackRock’s reverse split could further strengthen ETHA’s position as one of the most cost-efficient regulated vehicles for gaining Ethereum exposure.

Frequently Asked Questions

1. What is BlackRock’s ETHA reverse split?

BlackRock will consolidate every three ETHA shares into one on October 6. This raises the ETF’s share price without changing the total value of investors’ holdings or the fund’s assets.

2. Why is BlackRock conducting a reverse split?

According to market analysts, the higher share price could reduce bid-ask spreads, making the ETF cheaper and more efficient to trade while improving overall market liquidity.

3. Will the reverse split affect my investment value?

No. Although you’ll own fewer shares after the split, each share will represent a proportionally larger value, leaving your total investment unchanged, assuming Ethereum’s price remains the same.

4. Why is ETHA considered cheaper than buying Ethereum on Coinbase?

According to Bloomberg ETF analyst Eric Balchunas, ETHA’s trading spread could fall to around 2 basis points, while some retail crypto purchase services charge around 140–150 basis points in execution costs.

5. Should investors choose ETHA instead of buying Ethereum directly?

It depends on the investment goal. ETHA offers regulated Ethereum price exposure through a brokerage account, while direct ETH ownership allows self-custody, staking opportunities (where supported), and participation in blockchain applications.

September 10, 2026
Bitcoin Long-Term Holders Begin Profit-Taking as On-Chain Metrics Hint at Market Bottom

Bitcoin’s long-term holders (LTHs) have started to sell after months of continued accumulation, signaling a potential new phase in the market. Despite profit-taking by seasoned investors—which is likely to create short-term selling pressure—several on-chain metrics suggest Bitcoin could be entering conditions more commonly seen near market bottoms.

On-chain data reveals that LTH supply recently began declining after climbing close to 16 million BTC, while the supply of LTHs in short-term holding periods remains comparatively low. Historically, after extended price rallies, long-term investors have sold part of their holdings, allowing new investors to enter the market.

On-Chain Indicators Suggest Accumulation

The LTH/STH Spent Output Profit Ratio (SOPR) has moved closer to 1, indicating that the profits of long-term and short-term holders are converging. Historically, this pattern occurred in 2015, 2019, and 2022, with selling pressure easing slowly over time and accumulation resuming. While the ratio has not yet entered its traditional accumulation zone, current readings suggest the market is heading further toward that zone.

This cycle also differs from previous ones. Bitcoin’s first major price increase in the current cycle took approximately 31 months to achieve—much longer than the 8 to 17 months seen in past cycles. This extended timeline suggests that investor behavior has evolved alongside the rising institutionalization of the market.

Also Read: Bitcoin Security Faces New Questions After the Coldcard Wallet Hack

Fear Persists Despite Improving Fundamentals

LTH supply recently started declining after climbing close to 16 million BTC. Currently, the Crypto Fear & Greed Index stands at 40, indicating neutral market sentiment. Bitcoin’s Market Value to Realized Value (MVRV) ratio has been squeezed to the 1.21–1.22 zone. Historically, when sentiment turned negative while on-chain fundamentals improved, new accumulation phases have begun. Meanwhile, long-term investor supply remains near record levels, suggesting that established investors are holding onto most of their Bitcoin after recent distributions.

Although no single indicator can accurately identify a market bottom, the combination of record long-term holder conviction, compressed valuations, subdued speculative activity, and cautious investor sentiment increasingly resembles conditions seen before previous Bitcoin recoveries.

In the short term, Bitcoin appears to be transitioning from a distribution phase to what could become an accumulation phase. Whether this marks the cycle bottom will depend on overall macroeconomic conditions, investor demand, and the market’s ability to absorb continued selling pressure from long-term investors.

September 10, 2026
Bitcoin Faces Potential Pullback: 3 Warning Signs Investors Should Watch
Bitcoin is trading around $64,000, up 0.56% in the last 24 hours, despite Strategy’s third Bitcoin sale this year. However, several on-chain and market signals suggest the top cryptocurrency may face additional selling pressure in the near term.

Exchange Inflows and Miner Selling Raise Caution

Crypto analyst Ali Martinez reports that over the past week, more than 20,000 BTC — worth over $1.2 billion — have moved toward cryptocurrency exchanges. CryptoQuant data shows exchange reserves are now roughly at 2.72 million BTC, the highest since early July.

“When coins move onto trading platforms, it often signals rising sell-side pressure. Keep an eye on this trend,” Martinez noted.

While higher exchange balances are often interpreted as a precursor to selling, recent security concerns surrounding the ColdCard wallet incident may also be encouraging some investors to temporarily move assets from self-custody into centralized exchanges without intending to sell.

Another bearish signal comes from Bitcoin miners. According to Martinez, miners have sold approximately 1,774 BTC, valued at roughly $112 million, during the past week. Miner selling is often viewed as profit-taking and can increase short-term supply entering the market.

Seasonal Trends Keep Traders on Alert

Bitcoin’s historical performance also adds uncertainty. Market data shows the cryptocurrency has finished August in negative territory nine out of the past thirteen years, making it one of Bitcoin’s weaker seasonal months.

Market opinions remain divided. Some analysts expect additional downside before a sustained recovery. Rekt Fencer suggested a potential bull trap could drive Bitcoin toward $30,000 later this month.

According to Ali Martinez, a decline toward $60,000 could actually strengthen Bitcoin’s technical outlook by confirming an inverse head-and-shoulders pattern, potentially setting the stage for a rally toward $74,000. Crypto analyst MikybullCrypto also believes the bullish setup has already formed, stating, “Breakout is next. $80K is the magnet target.”

Technical Structure

Bitcoin price is currently hovering around $64,038 on Wednesday with a slight downward trend, trapped between a dense range of Exponential Moving Averages (EMAs). BTC is struggling to move above the 50-day EMA near $64,650.

The Relative Strength Index (RSI) is sitting around 50.50 on the daily time frame, indicating no real conviction for an upside move today. The Moving Average Convergence Divergence (MACD) remains under the zero line, with a mild downward bias; it suggests price is still in a downtrend.

For the upside, immediate resistance is near $64,650 at the 50-day EMA. A break above $64,650 would lift the downside pressure for a leg toward the 100-day EMA at $67,079, followed by the 200-day EMA at $72,649. On the downside, support is seen at $64,004; a break below this support could drag the asset into a deeper corrective trend.

FAQs
1. Why are rising Bitcoin exchange inflows considered bearish? When large amounts of Bitcoin move onto exchanges, it often signals that investors may be preparing to sell. Higher exchange balances can increase available supply, creating short-term selling pressure if demand does not keep pace.
2. Why does miner selling affect Bitcoin’s price? Bitcoin miners periodically sell a portion of their holdings to cover operational costs or lock in profits. Increased miner selling adds fresh supply to the market, which can weigh on prices during periods of weak buying demand.
3. What does Bitcoin’s RSI currently indicate? The Relative Strength Index (RSI) is hovering around 50.50, suggesting neutral momentum. It indicates that neither buyers nor sellers currently have strong control, leaving Bitcoin vulnerable to movement in either direction.
4. Which technical levels should Bitcoin traders watch? Immediate resistance is near the 50-day EMA at $64,650. If Bitcoin breaks above this level, the next upside targets are the 100-day EMA near $67,079 and the 200-day EMA around $72,649. On the downside, key support lies near $64,004.
5. Does a short-term pullback mean Bitcoin’s long-term trend has turned bearish? Not necessarily. Short-term corrections are common in crypto markets. Some analysts believe a pullback toward $60,000 could strengthen Bitcoin’s longer-term bullish structure by confirming a potential inverse head-and-shoulders pattern before another upward move.
September 9, 2026
Bitcoin Tops $64K Amid Qatar-Iran Talks as Three Missouri Men Face Federal Robbery Charges

Federal prosecutors have charged three Missouri men in connection with an alleged home-invasion plot targeting a Connecticut family over stolen Bitcoin. The case unfolds as Bitcoin rebounds above $64,000, buoyed by news that Qatar is mediating renewed negotiations between the United States and Iran.

Missouri Trio Accused in Bitcoin Extortion Plot

According to prosecutors, Sedric Louis, John Davis, and Martel Williams traveled from Missouri to Connecticut between August 21 and August 24, 2024. The group is alleged to have rented vehicles, obtained air rifles and walkie-talkies, and surveilled the intended victim and his parents over two days.

Authorities say the men planned to enter the family home, threaten the target, and force him to transfer stolen cryptocurrency into wallets controlled by coordinators. The plot was abandoned when the group feared that home-security cameras had captured them. Prosecutors also cited poor communication with alleged co-conspirators.

A Second Group Kidnapped the Parents

Shortly after the Missouri men backed off, a separate group from Florida allegedly carried out a kidnapping. On August 25, six men rammed a Lamborghini Urus driven by the parents and pulled them into a van. The attackers beat and restrained the couple until witnesses alerted police. Officers rescued the victims after a pursuit and arrested the suspects.

Prosecutors say the couple’s son had participated in the theft of hundreds of millions of dollars in Bitcoin. The broader case involves approximately 4,100 BTC, valued at roughly $245 million at the time. The attackers allegedly used social engineering tactics, posing as tech and cryptocurrency support staff.

Proceeds from the stolen Bitcoin were reportedly spent on luxury cars, jewelry, high-end rentals, and nightclub parties. Several defendants in the larger case have pleaded guilty. A federal grand jury returned a second superseding indictment against Louis, Davis, and Williams on May 22, 2026. All three have pleaded not guilty.

Louis and Davis remain in custody, while a judge released Williams on bond. The Hobbs Act robbery conspiracy charge carries a maximum 20-year federal prison sentence.

Bitcoin Rises as Qatar Pursues Iran Talks

Bitcoin climbed above $64,000 after Qatar confirmed that regional mediators are working to restart negotiations between the United States and Iran. Qatari Foreign Ministry spokesperson Majed Al-Ansari stated that Doha wants normal conditions restored in the Strait of Hormuz. Qatar, Pakistan, and Oman continue exchanging proposals, though no timetable exists for an agreement.

Iran has denied direct talks with Washington, describing its discussions as negotiations with Oman. Shipping through the strait remains restricted despite reported diplomatic progress. The route is a critical passage for global oil supplies.

For U.S. investors, the outcome of these talks could influence oil prices, inflation expectations, and overall market sentiment. A ceasefire and restored shipping could support risk assets like cryptocurrencies and equities. Alternatively, a breakdown could drive demand for cash and defensive assets. Technical charts suggest Bitcoin may be poised for a breakout from a descending channel.

A Brief Roundup

Federal prosecutors allege that three Missouri men joined a failed Bitcoin extortion plot before another group kidnapped the target’s parents. Meanwhile, Bitcoin traded above $64,000 as Qatar pursues renewed US-Iran negotiations. Court proceedings and diplomatic developments remain the key events shaping both parts of the story.

September 9, 2026
Remittix Markets Live: Perpetual Futures Launch Adds a New Trading Layer to RTX Ecosystem

Remittix Markets Goes Live

Remittix Markets has officially launched, bringing perpetual futures trading to the RTX ecosystem. The new platform expands Remittix beyond its original crypto-to-fiat payments focus and gives active traders another way to engage with the project ahead of the official RTX token launch.

Remittix now operates with two distinct product pillars: PayFi for crypto-to-bank payments and Markets for perpetual futures trading.

A New Trading Layer for RTX

Remittix Markets is the dedicated perps trading platform inside the wider RTX ecosystem. Perpetual futures allow users to take long or short positions on crypto assets without contracts expiring on a predetermined date. Traders can use them to respond to rising or falling markets, hedge existing exposure, and stay active during changing conditions.

Leverage can increase the size of potential gains, but it also increases losses and liquidation risk. Risk management is therefore an important part of any perps trading strategy.

Markets Could Create More Regular Ecosystem Activity

Payments and trading generate different types of user engagement. A PayFi customer may use the platform when sending crypto to a recipient or transferring value into the banking system. A trader may return to Remittix Markets regularly to monitor prices, manage positions, and react to volatility.

This gives Remittix another route for building platform activity. Markets can attract active traders, while PayFi continues serving users who want a simpler connection between digital assets and traditional finance. The launch does not guarantee demand for RTX, but it gives users another entry point into the ecosystem and strengthens the project’s wider product narrative.

Remittix Moves Beyond a Single-Product Model

Remittix was initially built around solving the friction involved in moving value from crypto into fiat bank accounts. With the arrival of Remittix Markets, the project is no longer dependent on one product category or one type of user.

Payments and perpetual futures now sit within the same ecosystem, giving Remittix a broader commercial direction. Markets targets crypto traders seeking ongoing exposure to digital asset price movements, while PayFi targets individuals and businesses that want to move money between crypto and conventional banking more efficiently.

PayFi Keeps Real-World Utility at the Center

The Remittix PayFi platform is designed to let users send crypto while recipients receive fiat directly into their bank accounts. This removes several steps that often make crypto-to-bank transfers difficult, including sending assets to an exchange, manually converting them, and initiating a separate withdrawal.

The platform has been fully developed and tested by members of the Remittix community. That gives the ecosystem an existing product foundation while Markets introduces a separate trading layer.

RTX Approaches Its Next Major Milestone

The Remittix presale has passed $31 million and is approaching the $32 million milestone, when the team is expected to reveal the official RTX launch date. With Remittix Markets now live and the PayFi platform already developed and tested, Remittix is entering its next phase as a multi-product ecosystem rather than a single-use crypto project.

Learn more about Remittix here: Remittix Presale | Remittix Markets.

Frequently Asked Questions

What is Remittix Markets?

Remittix Markets is the live perpetual futures trading platform within the RTX ecosystem.

What can users do with perpetual futures?

Users can take long or short positions through contracts that do not have fixed expiry dates.

How does Remittix Markets fit alongside PayFi?

Markets focuses on active crypto trading, while PayFi is designed to support crypto-to-fiat transfers into bank accounts.

Is perpetual futures trading risky?

Yes. Leverage can amplify both gains and losses, and positions can be liquidated if the market moves against the trader.

Editorial Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments are risky and may result in the loss of capital. Always conduct your own research before investing.

September 9, 2026
Bitcoin ETF Inflows Surge as Ether Funds Experience Outflows

US spot crypto exchange-traded funds posted mixed flows on August 3, as Bitcoin products gained $170.09 million while Ether funds recorded $11.42 million in withdrawals. XRP funds also attracted modest demand, while HYPE products posted losses.

Bitcoin Funds Reverse the Previous Session

SoSoValue recorded 2,657 Bitcoin entering listed US funds during the session. The holdings carried an estimated value of $170.09 million. The inflow reversed Bitcoin funds’ July 31 performance. Those products lost 4,217 Bitcoin, worth about $265.37 million, during that earlier session.

Still, two daily readings do not establish a lasting trend. Crypto ETF flows can shift quickly as institutions adjust positions, manage liquidity, or complete fund creations and redemptions.

Ether Outflows Break from Bitcoin Demand

Ether products moved in the opposite direction on August 3. SoSoValue recorded 5,805 Ether leaving US funds, with an estimated value of $11.42 million. The result reversed the July 31 reading, when Ethereum funds gained 4,834 Ether worth about $9.03 million. Therefore, Bitcoin demand recovered as Ether demand weakened.

Could this split show that investors now assess each crypto asset separately instead of treating the market as one trade? The August 3 data showed clear asset-level differences. XRP products gained 1.06 million tokens worth nearly $1.15 million. Meanwhile, HYPE funds lost 17,770 tokens, valued at about $964,320.

Funds linked to Solana, Chainlink, BNB, Avalanche, Polkadot, Dogecoin, and Litecoin also reported positive daily flows. However, the available data did not include complete dollar totals.

ETF Mechanics Shape Daily Flow Figures

BlackRock describes its iShares Bitcoin Trust ETF as a vehicle offering Bitcoin exposure through exchange-traded shares. Investors can gain access without managing wallets or direct custody. The SEC approved spot Bitcoin exchange-traded products in January 2024. Former Chair Gary Gensler said the decision covered listed products and did not represent approval of Bitcoin itself.

In July 2025, the SEC allowed in-kind creations and redemptions through authorized participants. Commissioner Mark Uyeda said cash-only processing could create transaction costs and price slippage. In-kind processing allows qualifying institutions to exchange underlying assets directly for fund shares. As a result, daily flows can reflect institutional arbitrage, portfolio adjustments, and redemption activity.

The SEC’s Division of Corporation Finance requires issuers to explain custody, valuation, creation, redemption, and material risks. These disclosures help investors compare products beyond one session’s totals.

BlackRock also operates separate Ether products, including a staked Ether fund. Fees, liquidity, staking exposure, and portfolio rules can affect demand across similar Ethereum investment products. CoinShares recorded similar asset-level divergence earlier in 2026. Its May 5 report showed Bitcoin inflows alongside Ethereum withdrawals during uneven market conditions.

Bitcoin funds led US crypto ETF activity on August 3 with $170.09 million in inflows, while Ether products lost $11.42 million. XRP funds posted smaller gains, and HYPE funds recorded withdrawals. The split followed opposite July 31 readings and reflected separate demand across listed crypto assets.

September 8, 2026
New Report by ChangeNOW and CoinRabbit Explores Crypto Privacy, Illicit Use, and Regulatory Path Forward
ChangeNOW, a cryptocurrency super app, and CoinRabbit, a crypto asset management platform, have jointly released a research report titled “Financial Privacy in the Digital Age.” The report examines the dual-use nature of privacy-preserving technology in cryptocurrencies, weighing legitimate needs for discretion against the risks of illicit exploitation. Drawing on data from TRM Labs, Chainalysis, the RAND Corporation, the United Nations Office on Drugs and Crime (UNODC), Statista, and U.S. Treasury Department disclosures, the study argues that current regulatory efforts are misdirected and should focus on fiat off-ramps rather than transactional privacy infrastructure.

Balancing Privacy and Security

The report finds that on-chain privacy has evolved from a niche preference to an essential safety measure. It protects individuals from physical extortion and kidnapping, prevents corporate espionage on treasury movements, and enables humanitarian efforts in conflict zones. The key conclusion is that privacy and compliance are not a zero-sum trade-off—the most significant enforcement vulnerability lies at the point where crypto converts to fiat currency, not in the privacy tools themselves.

Key Findings and Threat Assessment
- Pig-butchering fraud generated an estimated USD 75 billion in cumulative losses between 2020 and 2024.
- Physical “wrench attacks” targeting cryptocurrency holders surged: $124.1 million in crypto was targeted in 52 verified incidents in H1 2026 alone, a 33% increase in incidents and nearly elevenfold rise in financial exposure compared to H1 2025.
- Crypto payments linked to human trafficking networks in Southeast Asia grew 85% in 2025.
- Corporate data exposure remains a major threat, with 36% of board members citing internal financial data becoming publicly accessible as a top governance concern, and the average data breach costing USD 4.44 million.
Industry Solutions for Compliant Privacy

“Financial privacy isn’t a feature request, it’s a baseline that every other financial system already provides,” said Pauline Shangett, Chief Strategy Officer at ChangeNOW. “The question the industry needs to answer isn’t whether privacy should exist on-chain. It’s whether we build it responsibly or let bad actors define what it looks like by default.” The report profiles two working examples: ChangeNOW’s Private Crypto Transfers, which break the deterministic link between sender and receiver without pooling user funds, and CoinRabbit’s custodial model, which uses dynamic per-user deposit addresses to prevent end-to-end reconstruction of a client’s holdings from public blockchain data.

Recommendations for Policymakers

The report closes with five recommendations centered on shifting enforcement resources toward fiat off-ramps and cross-jurisdictional intelligence sharing, rather than restricting transactional privacy for general users. The full report is available online.
September 8, 2026
Bitcoin Holds Above $64,200 as ETF Inflows Counter Coldcard Fears and Legislative Stalemate
Bitcoin traded near $64,236.97 on Tuesday, up 0.48% over the past 24 hours, as fresh institutional inflows offset ongoing security concerns and political uncertainty. The leading cryptocurrency steadied above $64,200 after a choppy start to August, supported by $170.1 million in net inflows into US spot Bitcoin ETFs on Monday.

Bitcoin Price Today

Bitcoin trades at $64,236.97, with a market cap of approximately $1.28 trillion and 24-hour trading volume of $23.11 billion. Key support lies near $62,800, while resistance is seen between $64,500 and $65,600, according to analysts.

Analyst Perspectives

Mudrex: $65,000 Key for Sentiment Shift

Akshat Siddhant, Lead Quant Analyst at Mudrex, noted that Bitcoin trades above $64,000 as easing geopolitical tensions lift risk assets. He highlighted that Bitcoin futures open interest slipped to 740,000 BTC from a July peak of 776,000 BTC, a pattern that preceded April’s large short-side liquidation wave. “For now, $65,000 remains major resistance while support holds near $62,800,” he said.

CoinSwitch: Equities Rally Supports BTC

CoinSwitch Markets Desk observed that BTC held near $64,000 even as risk assets rallied on US-Iran de-escalation hopes. “Holding above $64,000 keeps the short-term structure positive for a push toward $64,400. A slip below $64,000 opens the next support zone near $63,600,” the desk stated.

Delta Exchange: Break Above $64,500 Needed

Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin reclaimed $64,000 after defending $62,200-$62,400 demand. “Bitcoin needs a sustained break above $64,500 to target $65,000-$65,600. Ethereum must reclaim $1,880 to confirm a broader breakout structure,” she added.

Giottus: Weak Spot Demand Caps Recovery

Vikram Subburaj, CEO of Giottus, placed Bitcoin near $64,260, up about 0.7% on the day. He advised investors to favor staggered buying ahead of Friday’s jobs report, noting that Bitcoin holds support near $63,000-$63,400, with resistance between $64,500 and $66,000.

WazirX: Institutional Absorption Continues

Nischal Shetty, founder of WazirX, said Bitcoin trades near $64,176 as easing tensions lift appetite. On-chain data shows 155,000 BTC accumulated between $62,000 and $65,000. Wintermute’s H1 2026 report shows institutions now drive 72% of spot volume. “A move above $64,800-$65,000 could trigger fresh long positions. Losing $63,900-$64,000 may raise the odds of a pullback toward $63,200,” he noted.

Top 10 Coins at a Glance
- Biggest Gainers: Hyperliquid (HYPE) led with a gain past 3%, followed by BNB (+1.27%) and XRP (+1%).
- Biggest Losers: Stablecoins (USDT, USDC) and Solana (SOL) remained flat with minimal movement.
Key Headlines Impacting Prices

Bitcoin ETFs Return to Inflows With $170.1 Million

US spot Bitcoin ETFs recorded $170.1 million in net inflows on Monday, ending a brief redemption streak. BlackRock’s IBIT led with $111.4 million, followed by Fidelity’s FBTC at $33.4 million. Ether ETFs slipped into modest net outflows of $11.9 million.

Coldcard Firmware Flaw Fallout Continues

A firmware bug in Coldcard hardware wallets has been linked to over $100 million in stolen Bitcoin this month. Emergency fixes have been rolled out, but security researchers warn that updating firmware alone is insufficient. Affected holders must generate fresh recovery phrases and migrate balances immediately.

CLARITY Act Stuck Without Senate Floor Vote

The Digital Asset Market Clarity Act remains absent from the Senate’s floor schedule. Senate Majority Leader John Thune indicated a vote could occur before recess, but Republicans need roughly seven Democratic votes to clear the 60-vote threshold. An unresolved ethics dispute over presidential crypto holdings remains a sticking point.

Cardano Rallies on Heavy Whale Accumulation

Cardano’s ADA token surged more than 26% this week as whale wallets added over 240 million tokens. Combined whale holdings have climbed to roughly 14.5 billion ADA, according to Santiment. Analysts say holding above $0.17 support keeps the bullish structure intact, with next resistance near $0.20 and then $0.24-$0.25.

Ether ETFs Slip Into Mild Outflows

US spot Ether ETFs recorded an $11.9 million net outflow on Monday, ending a two-day inflow streak. BlackRock’s ETHA and Grayscale’s ETHE led the modest redemptions. Analysts view the pullback as routine rotation rather than a shift in institutional demand.

ISM Manufacturing Data Signals Resilient Economy

The US ISM Manufacturing PMI climbed in July, pointing to resilient economic activity. Stronger readings reduce near-term expectations of Fed rate cuts. Traders now await Wednesday’s ADP payrolls and services PMI data, with Friday’s jobs report as the week’s most closely watched macro catalyst.

Investor and Market Outlook

Bitcoin holds above $64,200 as fresh ETF inflows offset lingering custody worries and legislative delays. A close above $64,500 could open a path toward resistance near $65,600. A slip below $63,900 risks exposing deeper support closer to $62,800. Cardano and Hyperliquid remain the most sensitive names to shifts in institutional risk appetite. Key catalysts this week include ETF flow trends, Fed rate signals, Friday’s jobs report, and the CLARITY Act’s Senate outcome.
August 9, 2026
AI Tech Roundup: AMD’s Disappointing Forecast, NVIDIA’s India Bet, Apple Intelligence, and Crypto Insights

Welcome to today’s tech roundup, where AI continues to dominate the headlines. From chipmaker earnings and startup funding to smartphone AI features and career trends, here are the top stories shaping the technology world.

AMD’s AI Forecast Disappoints Despite Strong Quarterly Growth

AMD posted another strong quarter, driven by surging demand for its AI chips, and expects revenue to reach about $13 billion this quarter. However, the forecast fell short of Wall Street’s lofty expectations, leaving investors underwhelmed and pushing the stock lower after earnings.

NVIDIA Makes Its First Investment in Indian AI Startup Sarvam AI

NVIDIA has placed its first bet on an Indian AI startup by investing in Sarvam AI, signaling growing confidence in the country’s AI ecosystem. In another boost for startups, SIDBI has relaxed venture capital funding rules, making it easier for VC firms to raise and deploy capital.

Fidelity’s 2026 Crypto Outlook: Regulation, Institutional Money, and Stablecoins

Fidelity says the crypto market is entering a new phase where regulation, institutional investment, and stablecoins could play a bigger role than hype. Its 2026 outlook highlights the key trends and questions investors should watch as digital assets continue to evolve.

Degrees With the Strongest Job Prospects After Graduation

Choosing the right degree can make a big difference in the job market. According to Investopedia, business administration, nursing, computer science, and accounting are among the bachelor’s programs expected to deliver the strongest employment opportunities and long-term career growth over the coming years.

A Beginner’s Guide to Apple’s Built-in AI Tools

Apple Intelligence brings AI directly into the iPhone experience, helping users write, edit photos, create images, and interact with a smarter Siri. The system combines on-device processing with cloud computing to deliver AI features while placing a strong emphasis on protecting user privacy.

That wraps up today’s tech news. From AI chips and startup funding to crypto trends and career choices, artificial intelligence is quietly reshaping how we work, invest, and use our devices every day.

August 9, 2026
Bitcoin Slides to $62,567 as Sellers Tighten Grip on Market
Bitcoin continued its slide on August 3, 2026, trading near $62,567 after failing to hold onto recent gains. The world’s largest cryptocurrency faced renewed selling pressure, pushing it below key support levels and reinforcing bearish sentiment across the crypto market.

Key Takeaways
- Bitcoin remains under pressure after losing support near $63,000.
- RSI signals oversold conditions, but no confirmed reversal has emerged.
- Support near $62,500 remains critical for the next price move.
Market Overview

Earlier in the session, Bitcoin reached an intraday high close to $63,725 before sellers stepped in and erased those gains. The price later slipped below several nearby support levels and closed near the day’s low, reflecting steady bearish control. The wider crypto market also showed signs of weakness, with fresh caution across global financial markets and uncertainty around future interest rate decisions keeping traders defensive. Recent outflows from spot Bitcoin exchange-traded funds reduced buying support, while large liquidations added pressure across digital assets. Market experts also noted that August often delivers weaker performance for Bitcoin, adding another layer of caution.

Technical Analysis: Clear Downtrend

The latest five-minute chart presented a well-defined bearish trend. Bitcoin failed to hold its rally after touching $63,725, then formed a series of lower highs at $63,527, $63,201, and $62,913. This sequence reflected fading buying strength after every recovery attempt. Lower lows also appeared throughout the session, with every fresh decline pushing the price beneath previous support areas, confirming strong selling momentum.

RSI Signals Oversold Conditions

The Relative Strength Index (RSI) dropped to 27.5, while its moving average stood near 35.7. An RSI value below 30 often signals oversold conditions, meaning the recent decline was rapid. However, strong downtrends can keep the RSI below 30 for an extended period. Traders typically look for stronger confirmation before expecting a sustained recovery, and the latest chart did not show clear evidence that buyers had regained control.

Volume Supports Bearish Trend

Trading volume also supported the current trend. Several large red candles appeared alongside higher-than-average trading activity, suggesting active selling rather than a simple lack of buying interest. Heavy volume during a price decline often reflects strong conviction among sellers. Until buying volume returns with similar strength, the market may continue to struggle near current levels.

Key Support and Resistance Levels

Bitcoin’s current trading range places it close to an important support level between $62,550 and $62,600. A break below this support could trigger a move toward the next support zone at $62,400, followed by $62,250 and the ultimate psychological level at $62,000. On the upside, immediate resistance lies around $62,700, with the next significant levels at $62,900, $63,200, and the major resistance zone between $63,500 and $63,700.

Bullish Recovery Needs Strong Confirmation

A bullish recovery remains possible, but buyers need several positive signals. First, stable price action above $62,500 must hold. Then, a higher low would suggest selling pressure is weakening. Finally, Bitcoin needs a move above $62,900 and a successful break above $63,200 with healthy trading volume. Those developments would improve confidence and shift the short-term outlook toward a more balanced market.

Bears Continue to Hold the Advantage

Bearish pressure remains solid. If Bitcoin falls below $62,500, another wave of selling may emerge, with the nearest downside target near $62,250 and possibly $62,000. The overall market structure favors sellers: lower highs, lower lows, heavy selling volume, and unsatisfactory recovery attempts suggest the current trend is likely to continue. Traders are watching global economic events, Bitcoin ETF flows, and investor sentiment. As long as Bitcoin remains below the crucial resistance of $64,000, significant short-term price moves are unlikely.

FAQs

What is the current Bitcoin price?

Bitcoin traded around $62,567 during the latest session.

Why did Bitcoin decline?

Risk-off market sentiment, ETF outflows, liquidations, and interest rate uncertainty weighed on prices.

What is the key support level for Bitcoin?

The immediate support zone lies between $62,550 and $62,600, followed by $62,400 and $62,000.

What does the RSI indicate?

The RSI stands near 27.5, signaling oversold conditions but not confirming a price reversal.

What resistance must Bitcoin overcome?

Bitcoin needs to reclaim $62,900, $63,200, and eventually the $63,500–$63,700 zone to improve short-term sentiment.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry risk. Always conduct your own research before making any investment decisions.
August 8, 2026