Tag: Mining

  • BlockDAG Outshines Shiba Inu, Ethereum Classic, and Pi Network with 374,000 Holders as Top Trending Crypto in August 2026

    BlockDAG Outshines Shiba Inu, Ethereum Classic, and Pi Network with 374,000 Holders as Top Trending Crypto in August 2026

    Focus moves quickly in crypto, and the coins pulling eyes in August 2026 earned that pull in very different ways. The wider market held a careful, sideways mood. But community-led tokens, network upgrades, and real-world tie-ins kept certain names in the news no matter what price did.

    For readers scanning the top trending crypto, the smart question is what really sits behind the buzz: a true product and crowd, or short-lived hype. The strongest stories mix an active user base with something real on-chain or out in the world.

    Four names show that blend this month, starting with one whose surge rests on how much a holder can really do inside its world.

    1. BlockDAG (BDAG): Real Ways To Use It Right Now

    BlockDAG’s fire comes from a simple switch: rather than ask what the token might be worth, ask what it lets you jump into. The answer is wide open for a project at this stage, and the buzz is loud. A holder can mine BDAG through the X1 app or physical miners, stake it for ecosystem perks and VIP levels, trade it on the coming BlockDAG exchange, play with it in the BlockDAG Casino that has already run through $200 million in wagers, swap it into other assets, and soon spend it through the Super App’s payment layer.

    Holding more BDAG stacks up access, not just a number, unlocking fee cuts, higher tiers, and special launches. With 374,400 holders growing by 1,200 a day across 130-plus countries, the buy-in zone is real and getting bigger fast. For the top trending crypto, jumping into a live, growing ecosystem is a way more honest pitch than a price target, and BlockDAG makes that crystal clear.

    BDAG can be grabbed right from the website at an entry rate of $0.000000017 with a $0.025 BuyBack price, and a buyback event is set for October 1. Buyers using Live Swap can also lock in tokens at a 22% discount below the current CoinMarketCap rate.

    2. Shiba Inu (SHIB): Crowd Support Plus Real-World Payments

    Shiba Inu traded near $0.0000050 on August 2, up about 4% on the day with a market cap around $2.9 billion at rank #26, per Crypto.com and CoinMarketCap data. The token hit six years old and kept its crowd active, while its Shibarium layer-2 saw transactions rise 78% in a week.

    Two real-world points came up: Emirates Airlines began taking SHIB for flight bookings, and a delayed Shibarium privacy upgrade built with cryptography firm Zama has a live delivery window in August. A T. Rowe Price ETF filing added a slower thread. SHIB stays a well-known community-led trending token.

    3. Ethereum Classic (ETC): The First Proof-of-Work Chain

    Ethereum Classic traded near $6.55 on August 2 to 3, down about 1% to 3%, with a market cap around $1.07 billion and a price roughly 96% below its all-time high, per CoinMarketCap and CoinGecko data. ETC still carries the first Ethereum chain’s belief in staying unchanged, put simply as code is law, kept safe by Proof-of-Work mining and capped at 210.7 million coins, about ten times Bitcoin’s supply.

    Its EVM support keeps it fit for smart contracts, and a Grayscale trust offers a regulated way in. For traders who value low supply and a long track record, ETC now and then trends as a Proof-of-Work option.

    4. Pi Network (PI): Phone Mining And A Ticking Upgrade Clock

    Pi Network traded near $0.085 on August 2, up about 4% on the week with a market cap around $945 million, per CoinGecko and Bitget data. The token moved on news of Protocol 26, the latest mainnet upgrade, with node operators told to update before an August 11 cut-off ahead of the final Protocol 27.

    Pi’s model is built around phone-first mining through the Stellar Consensus Protocol, letting its large Pioneers crowd earn by checking in daily without special gear. About 11 billion of a 100 billion max supply are in circulation. Its crowd size keeps Pi a name that comes back around.

    Final Take

    For the top trending crypto this month, focus rests on different bases. Shiba Inu blends a six-year crowd with Emirates support near $0.0000050. Ethereum Classic trends as the first Proof-of-Work chain near $6.55. Pi Network rides its phone-mining Pioneers crowd near $0.085 through an upgrade cut-off.

    BlockDAG trends on take-part power itself, a 374,400-holder world where the token can be mined, staked, traded, played, and spent, making it the top trending crypto to keep in view.

    Trending focus fades quick when nothing sits behind it, so the names worth watching are those pairing fire with a real product, and none of them promise a future price.

  • 7 Undervalued Indian Stocks for Long-Term Growth in August 2026

    7 Undervalued Indian Stocks for Long-Term Growth in August 2026

    Undervalued stocks are those trading below their intrinsic value, offering potential for long-term investors who seek strong fundamentals and sustainable growth. As India’s economy is projected to expand by over 6% in FY27, sectors like banking, financial services, infrastructure, and capital markets are well-positioned for wealth creation. Here are seven undervalued stocks to consider for long-term growth this August.

    1. Tamilnad Mercantile Bank Ltd

    Market Cap: Rs. 14,179 crore
    Tamilnad Mercantile Bank (TMB), trading at Rs. 894, has maintained solid asset quality and steady profitability while expanding its retail loan book. With a conservative lending approach and enhanced digital banking capabilities, this regional bank offers attractive long-term prospects. Established in 1921, TMB serves retail customers and MSMEs.

    2. Godawari Power and Ispat Ltd

    Market Cap: Rs. 20,501.30 crore
    Godawari Power and Ispat benefits from India’s infrastructure and manufacturing boom. Its integrated steel business, captive power generation, and strong balance sheet help sustain healthy margins despite commodity price fluctuations.

    3. Can Fin Homes Ltd

    Market Cap: Rs. 10,861 crore
    Trading at Rs. 816, Can Fin Homes is a housing finance company (HFC) registered with the National Housing Bank. Canara Bank holds a 29.99% stake. The company focuses on smaller-ticket housing loans to salaried and self-employed borrowers, with stable asset quality and steady loan growth supporting its long-term outlook.

    4. ICICI Securities Ltd

    Market Cap: Rs. 29,149 crore
    ICICI Securities, trading at Rs. 896, provides institutional and retail broking, financial product distribution, merchant banking, and advisory services. Rising retail investor participation and vibrant equity markets continue to drive its brokerage business.

    5. Motilal Oswal Financial Services Ltd

    Market Cap: Rs. 52,429 crore
    Founded in 1987, Motilal Oswal operates across 550+ cities with 2,500+ business locations and over 1.6 million customers. Trading at Rs. 869, the company generates diverse revenue streams through its diversified financial services model, capitalizing on India’s growing financialization.

    6. Gujarat Mineral Development Corporation Ltd (GMDC)

    Market Cap: Rs. 22,686.10 crore
    GMDC is a key player in Indian mining, with exposure to lignite, bauxite, manganese, and other minerals. Government infrastructure spending and rising industrial demand underpin its strong long-term prospects.

    7. Angel One Ltd

    Market Cap: Rs. 27,785 crore
    Angel One is a diversified financial services company engaged in stock, commodity, and currency broking, institutional broking, margin trading, depository services, mutual fund distribution, NBFC lending, and insurance corporate agency. Its broad service suite positions it well for continued growth.

    Final Thoughts: These stocks appear undervalued under current market conditions, but investors should conduct their own research on valuation, earnings quality, and risks. A diversified, long-term approach is the best way to navigate market volatility.

  • Bitcoin BIP-110 Hits August Deadline with Zero Miner Support – What It Means

    Bitcoin BIP-110 Hits August Deadline with Zero Miner Support – What It Means

    Bitcoin’s BIP-110 proposal is approaching its early August deadline with virtually no support from miners or node operators. The plan, known as the Reduced Data Temporary Soft Fork, aims to restrict non-financial data storage on the Bitcoin blockchain for one year.

    BIP-110 Aims to Curb Blockchain Data Bloat

    The proposal would tighten limits on data stored via OP_RETURN transactions, reject arbitrary data pushes larger than 256 bytes, and restrict script formats primarily used for data storage. Supporters argue it would reduce blockchain bloat and keep block space focused on financial transactions. However, the rule would invalidate some transactions that are currently valid, such as those related to Ordinals and inscriptions.

    BIP-110 uses a user-activated soft fork mechanism, requiring only 55% miner signaling—far below the typical 95% threshold. Despite this lower bar, miner support has never exceeded 1% and currently stands at 0%. No major mining pool has endorsed the plan. Node adoption also remains in the low single digits, mostly limited to users of Bitcoin Knots rather than Bitcoin Core.

    Key Figures Speak Out

    Strategy founder Michael Saylor opposed the proposal, calling it a dangerous precedent that would turn a dispute over data storage into a consensus change. Blockstream co-founder Adam Back also rejected it, stating that the wider Bitcoin network would not join a fork implementing these restrictions. Both warned that weak support could lead to a minority chain split.

    The signaling period covers blocks 957,600 to 959,615, with a voluntary lock-in deadline around block 961,542 (early August). If activated, participating nodes would reject blocks that fail to signal support, potentially creating a separate chain with different transaction rules.

    For now, BIP-110 appears unlikely to affect the main Bitcoin network, but the debate highlights ongoing tensions over blockchain data use and governance.

  • Bitcoin Derivatives Activity Outpaces Spot Demand as Market Risks Persist

    Bitcoin Derivatives Activity Outpaces Spot Demand as Market Risks Persist

    Bitcoin continues to display a widening gap between derivatives activity and spot demand as macro uncertainty shapes investor behavior. Recent geopolitical tension involving the United States and Iran pushed markets into a risk-off phase, while spot Bitcoin exchange-traded funds recorded more than $85 million in net outflows after three consecutive days of inflows.

    At the same time, Bitcoin’s Coinbase Premium Index turned negative, signaling softer U.S. spot demand. Although the Crypto Fear & Greed Index remained above extreme fear levels, historical bear-market data suggest the current cycle may still have room to continue.

    Spot Demand Weakens as Derivatives Drive Market Activity

    Bitcoin’s latest market structure shows derivatives activity recovering faster than demand in the spot market. Data indicate that Bitcoin’s 30-day cumulative demand improved from nearly -500,000 BTC to around -75,000 BTC. Even so, futures markets accounted for nearly the entire recovery. Futures demand climbed from about negative 295,000 BTC to slightly above zero, while spot demand remained near negative 78,000 BTC.

    Meanwhile, Tether minted another $1 billion worth of USDT despite the broader stablecoin market continuing to contract. Instead of flowing directly into Bitcoin purchases, much of that liquidity appears to remain on the sidelines as investors hold capital in reserve. Consequently, the additional liquidity could increase derivatives activity rather than strengthen spot buying. That trend leaves speculative positioning ahead of genuine market demand.

    Macro Conditions Continue to Shape Bitcoin Sentiment

    Market conditions shifted after renewed geopolitical uncertainty affected investor sentiment. As a result, institutions reduced exposure, leading spot Bitcoin ETFs to post net outflows exceeding $85 million. Likewise, Bitcoin’s Coinbase Premium Index moved below zero, indicating weaker buying interest from U.S. investors. The change points to greater caution among institutional participants as broader market risks increased.

    Although the Crypto Fear & Greed Index stayed above extreme fear territory, historical comparisons present a different picture. Bitcoin’s current bear market has lasted 248 days, while the 2022 and 2018 bear markets extended for 381 and 385 days, respectively. Therefore, previous market cycles suggest the current downturn remains shorter than earlier bear markets despite recent improvements in derivatives demand.

    Bitcoin Miners Expand into AI as Costs Increase

    Bitcoin mining companies have also adjusted their strategies following pressure on profitability since the April 2024 halving. Many firms redirected energy infrastructure toward artificial intelligence operations to improve revenue. According to a July 9, 2026, report from Blocksbridge Consulting, executives and board members at several mining companies sold large amounts of company stock during this transition.

    By the end of 2025, the Bitcoin network’s hash rate had reached a record 1,160 EH/s, increasing competition across the industry. CoinShares reported that publicly listed mining companies faced an average production cost of about $80,000 per Bitcoin during the fourth quarter of 2025. As costs increased, between 15% and 20% of older ASIC mining machines reportedly operated at a loss. In response, several companies converted energy resources to power AI-focused supercomputers.

    One major example involved TeraWulf, which signed a 20-year lease agreement with Anthropic valued at nearly $19 billion. Besides expanding into AI, some mining companies also sold Bitcoin holdings to finance new investments. Marathon Digital Holdings sold more than 15,000 BTC from its institutional treasury, with its latest reported Bitcoin sale occurring in April 2026. The reported transactions reflect the capital demands associated with expanding AI infrastructure while mining economics remain under pressure.

    What’s Next?

    Bitcoin’s recovery remains driven mainly by derivatives activity while spot demand stays weak. ETF outflows, a negative Coinbase Premium Index, and ongoing macro uncertainty suggest the broader Bitcoin bear market may still be active. Investors may need to monitor leverage, institutional demand, and miner liquidity closely before expecting a sustained recovery.

  • Bitcoin Network Activity Hits Record Highs Despite Flat Price Action

    Bitcoin Network Activity Hits Record Highs Despite Flat Price Action

    Bitcoin prices have remained stagnant for several months, but on-chain data reveals a sharp surge in network activity. This unusual divergence suggests Bitcoin is evolving beyond speculative trading into a utility-driven digital asset.

    Key Takeaways

    • Bitcoin network activity is near record highs despite stagnant market prices.
    • Lightning Network adoption and small transactions show growing real-world utility.
    • Strong miner investment and institutional demand indicate long-term confidence in Bitcoin.

    Recent blockchain data shows the Bitcoin network handled nearly 678,000 transactions in the last 24 hours—one of the highest daily figures this year. Approximately 104,500 BTC moved across the network daily, representing billions of dollars in value. Yet the price has not experienced major growth, creating a gap that has caught analysts’ attention.

    Small Transactions Drive Higher Activity

    According to CryptoQuant, Bitcoin network activity has approached record levels in 2026. Unlike previous market cycles dominated by speculative traders, today’s activity comes from regular wallet transfers, small payments, and new blockchain experiments. This shift reflects broader adoption and stronger real-world use.

    Lightning Network Expansion Supports Growth

    The Lightning Network now supports over 17,000 public nodes, nearly 40,000 payment channels, and about 4,900 BTC in capacity. This layer-2 solution enables near-instant, low-fee transactions, encouraging businesses to adopt Bitcoin payments. As more companies integrate Bitcoin, overall network usage rises even during calm market periods.

    Miners Continue Heavy Investment

    Bitcoin’s hashrate recently reached nearly 894 exahashes per second (EH/s)—close to a record. This indicates miners are investing heavily in hardware and infrastructure, signaling strong belief in Bitcoin’s future despite short-term price weakness.

    Institutions Help Keep Market Stable

    Large financial institutions are playing a larger role. VanEck’s May 2026 report showed Bitcoin gained nearly 11.8% in one month, but futures market activity remained lower than in previous bull runs. This suggests healthier demand from real buyers rather than leveraged speculators.

    Existing Users Become More Active

    Daily active Bitcoin addresses recently touched approximately 644,600 per day. However, new user growth is slower compared to past bull markets. This indicates that existing holders are using Bitcoin more frequently for regular transactions, reinforcing the network’s utility.

    Mining Industry Builds for the Future

    Several major mining companies are expanding into AI and high-performance computing while continuing Bitcoin mining. Despite reduced profits after the halving, infrastructure spending remains high, keeping network security near historic levels.

    Bigger Economic Factors Affect Price

    Bitcoin prices now depend on ETF demand, interest rate decisions, market liquidity, and institutional investment cycles. Network growth alone no longer guarantees immediate price increases, creating a temporary disconnect between strong fundamentals and market value.

    Strong Foundation Builds for Future Growth

    Rising transaction volume, rapid Lightning Network growth, record mining power, and higher user activity all point toward stronger adoption. History shows that strong growth in Bitcoin fundamentals often precedes major market moves. In 2026, this surge in network usage is one of the clearest signs that Bitcoin adoption continues to expand even when prices remain stagnant.

    FAQs

    1. Why is Bitcoin network activity rising while the market price stays flat? Users are shifting from speculative trading to real-world utility. Routine wallet transfers and small digital payments drive high transaction volumes without causing speculative price spikes.
    2. What role does the Lightning Network play? This layer-2 system enables near-instant, low-fee transactions. Expanding nodes and channels allow global businesses to process daily micro-payments efficiently.
    3. Why are miners expanding infrastructure despite weak price action? Miners prioritize long-term blockchain value. The near-record hashrate confirms heavy capital investment in new hardware, signaling institutional confidence.
    4. Are financial institutions changing how Bitcoin behaves? Yes. Capital is shifting toward direct spot buying rather than high-risk leveraged futures trading, creating a stable price floor during macroeconomic uncertainty.
    5. Does higher blockchain usage guarantee an immediate price surge? No. Bitcoin now responds to macroeconomic pressures like central bank interest rates and institutional ETF inflows, decoupling raw network utility from immediate price action.

    Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always conduct your own research before making any financial decisions.