Crypto World
Bitcoin price prediction July 2026: Fed decides
Bitcoin closed the worst half-year in its recent history near $60,000, down from $93,000 in January and fresh off a 21-month low, and almost none of the damage came from crypto itself. The Federal Reserve and record ETF outflows did it, and the same two forces meet again at the July 28-29 policy meeting that will likely decide whether the bottom is in or another leg waits below. These are the levels, the scenarios, and the honest case on both sides.
Summary
- Bitcoin enters July near $60,000, with the July 28–29 Fed meeting expected to determine whether the recent sell-off extends or a recovery begins.
- The main risks remain hawkish Fed policy and continued spot Bitcoin ETF outflows, while whale accumulation and an oversold market provide the strongest bullish arguments.
- Key levels to watch are $58,000 support and $63,800 resistance; a sustained return of ETF inflows could signal that a broader recovery is underway.
Bitcoin enters July 2026 trading near $60,000, and the number understates how strange the year has been. The largest cryptocurrency began January above $93,000, peaked at $126,000 back in October 2025, and spent the first half of 2026 grinding down to a fresh 21-month low near $58,000 in late June, a decline of more than half from the top.
What makes it unusual is the absence of a villain: Bitcoin’s historic crashes came with something breaking, the Terra collapse in 2022, the FTX failure months later, and this time nothing inside crypto broke.
No major exchange failed, no large stablecoin lost its peg, and the US Strategic Bitcoin Reserve stayed in place. The damage came almost entirely from two external forces: the Federal Reserve and the money leaving Bitcoin exchange-traded funds, and those same two forces are set to decide what happens next.
The pivotal event sits at the end of the month. The Federal Reserve meets on July 28-29, and prediction markets put roughly a 70% probability on the Fed holding rates steady, with the small remaining chance pointing toward a hike, not a cut, meaning a monetary rescue for risk assets this month looks unlikely.
Around that decision sits a market that is deeply oversold, largely deleveraged, and quietly being accumulated by long-term buyers even as ETF holders sell, a genuinely mixed setup that supports the range this piece will map rather than a confident call in either direction.
This prediction breaks down the month the way a trader would: the price levels that matter in both directions, the bearish case built on the Fed and the ETF exodus, the bullish case built on oversold conditions and whale accumulation, three concrete scenarios with the triggers that would produce each, the analyst and prediction-market targets worth knowing, and the honest bottom line on a month whose direction one meeting will largely set. None of it is investment advice, and Bitcoin’s volatility means every level here can be overrun by a single headline.
The levels that matter
Start with the map, because in a month likely to be decided by one event, the levels around that event are the whole game. Bitcoin near $60,000 sits below its 50-month exponential moving average around $65,600, a marker that has flipped from support to resistance and now caps rallies, while remaining well above its 100-month average near $40,000, which keeps the multi-year structure intact even in the current weakness.
On the downside, the first and most important floor is the late-June low near $58,115, the level that defined the month’s bottom and whose defense or failure is the single most-watched line on the chart. Below it, the $56,200 area marks a Fibonacci support that traders widely flag, and beneath that the picture opens toward the $50,000 to $53,000 zone, which aligns with the most bearish institutional forecasts and would represent the month’s worst-case territory. That lower band also sits near the long-term trendline Bitcoin has only breached during the deepest stretches of past bear markets, which is why a move into it would carry outsized psychological weight.
On the upside, reclaiming the $62,000 to $65,600 zone is the bulls’ first task, because turning that band from resistance back into support would neutralize the downtrend, and a decisive break above roughly $63,800 is the level several analysts cite as the signal that the immediate downtrend has ended. Above that, the 50-month average near $65,600 and then the $70,000 round number are the next hurdles, though reaching them in July would likely require the outside help the bull case depends on.
Held together, the structure is a market pinned below falling resistance and resting on a well-defined floor, waiting for a catalyst to resolve the tension, and the calendar says the catalyst arrives at month-end.
The bearish case: the Fed and the ETF exodus
The case for another leg down rests on the two forces that drove the first-half decline, and neither has clearly reversed. The Federal Reserve is the larger one. The new chair held rates steady at his first meeting in June and took this year’s expected rate cut off the table, and the resulting repricing of risk assets is much of what pulled Bitcoin down.
With markets assigning roughly a 70% odds to another hold on July 29 and the tail risk pointing toward a hike rather than a cut, the monetary backdrop offers Bitcoin no relief this month and possibly a fresh headwind, and a hold delivered with hawkish language, or any hint of a hike, is exactly the trigger that could push price back below the $58,115 floor.
The second force is the ETF exodus, and its scale is historic. Bitcoin ETFs posted their worst month on record in June with roughly $4.5 billion pulled, and one major bank cut its 12-month inflow forecast to zero, a stark reversal for the products that drove the prior bull run. Because ETF flows translate directly into real spot buying and selling through the creation-and-redemption machinery, sustained outflows are not sentiment noise; they are actual coins hitting the market, and until that flow turns, one of the largest sources of structural demand is instead a source of supply.
The bearish scenario also carries a wildcard: a treasury company forced into selling. Several corporate holders carry Bitcoin against financing, and a forced sale into a thin, falling market could accelerate a move toward the $50,000 to $53,000 zone, the kind of reflexive downside the first-half drawdown across the broader market already previewed.
The bullish case: oversold, deleveraged, and quietly accumulated
The case for a bottom does not rely on optimism; it rests on market structure. Bitcoin is deeply oversold on multiple timeframes, and the leverage that drove the crash has largely been flushed; the forced-selling cascade that liquidations mechanically produce is now spent, with open interest down to roughly $46.5 billion.
That matters because a deleveraged market has less fuel for cascading liquidations, which means another sharp drop would likely require a fresh fundamental trigger instead of more mechanical selling, a meaningfully different setup from the cascade that produced the June low.
Underneath the price, the on-chain picture diverges sharply from the ETF flows, and the divergence is the bull case’s strongest single point. Coins keep leaving exchanges, and whales accumulated more than 270,000 BTC over roughly two weeks around the lows, worth well over $16 billion, most of it moved through the private desks where size trades without moving the price, precisely the pattern of long-term buyers stepping in that has historically marked accumulation bottoms. That split, whales buying the low while ETFs sold, is the defining tension of the current market, and it means the selling has been concentrated in one holder class while another quietly absorbs supply.
For the bullish scenario to play out on price, Bitcoin needs a little outside help: a cooler mid-July inflation report, a return of ETF inflows for a week or more, or softer language from the Fed chair, any of which could let Bitcoin reclaim $60,000 as support and turn the oversold structure into a recovery. The bottoming signal to watch, on this side, is simple and specific: money flowing back into the ETFs for a sustained stretch, which is what a genuine turn in demand would look like first.
The macro backdrop: why a rate decision moves Bitcoin
For readers who find it strange that a central bank meeting dominates a Bitcoin forecast, the mechanism is worth making explicit, because it is the through-line of the entire year. Bitcoin trades, in the current era, as a high-beta risk asset: when the Federal Reserve tightens or signals higher-for-longer rates, the return available on safe assets like Treasuries rises, the cost of holding non-yielding assets climbs, and capital rotates out of the riskiest holdings first, with Bitcoin near the front of that queue. The first half of 2026 was a textbook demonstration, and the sequence matters.
The Fed’s new chair took office and, at his first meeting in June, held rates steady while removing the rate cut markets had priced for the year, and the repricing rippled straight through risk assets into Bitcoin, which fell from the low $70,000s toward $60,000 in the weeks that followed.
This is why the July 28-29 meeting carries such weight, and why its likely outcome is not comforting. A hold is the base expectation, but a hold is not neutral when the market had hoped for cuts; it confirms the higher-for-longer backdrop that pressured Bitcoin all year. The dangerous tail is a hawkish surprise: any hint of a hike, or a hold delivered with language pointing to more tightening ahead, would remove the last hope of monetary relief and likely send capital further out of risk.
The benign path runs the other way, through the data that precedes the meeting: a cooler mid-July inflation report would revive the case for eventual cuts, soften the dollar, ease Treasury yields, and give risk assets including Bitcoin room to breathe.
In other words, the inflation print in the middle of the month may matter nearly as much as the decision at the end of it, because it shapes what the Fed can credibly say. Bitcoin’s July is, to an uncomfortable degree, a bet on macro data it has no influence over.
The cycle debate underneath the month
Beyond July’s tactical picture sits a larger argument that colors every forecast, and it is worth understanding because it explains the extraordinary spread in analyst targets. Bitcoin has historically moved in roughly 4-year cycles tied to its halving events, with long bull markets giving way to deep bear markets in a rhythm traders have relied on for over a decade. The current drawdown, more than half off the October 2025 peak, would in the classic framework signal a bear market already well underway, pointing toward more downside and a longer winter before the next cycle.
The competing thesis, advanced by some of the most bullish institutional voices, is that this cycle is different because the buyer base has changed. On this view, the entry of ETFs, corporations, and other institutions is stretching Bitcoin’s traditional boom-and-bust rhythm into a longer, shallower, more gradual cycle, one where deep drawdowns like the current one are corrections within an extended bull market instead of the start of a multi-year winter.
The record ETF outflows of the first half complicate that story, since they show institutional money can leave as fast as it arrived, but the simultaneous whale accumulation supports it, suggesting conviction buyers view these levels as an opportunity.
The debate will not resolve in July, but it frames the month’s stakes: if the classic cycle holds, the $50,000s and lower are a waypoint on a longer decline, and if the institutional thesis holds, the current oversold, accumulated setup near multi-year support is closer to a bottom than a beginning.
July’s data will not settle the argument, but it will nudge the evidence one way or the other, which is part of why the month is being watched so closely.
Three scenarios for July
Pulling the forces together produces three coherent paths for the month.
The base case is a slow grind with a downward tilt. If nothing decisive changes before the Fed meets, Bitcoin likely chops between roughly $56,000 and $62,000, getting rejected on each push into the low $60,000s and treading water while the market waits for the July 29 outcome. This is the highest-probability path into the meeting, and it resolves only when the Fed does.
The bearish scenario opens below $58,115. A hot inflation report, a hawkish hold or hike signal from the Fed, or a forced corporate sale could break the June floor, exposing the $56,200 Fibonacci support and, if that fails, the $50,000 to $53,000 zone that aligns with the most bearish bank forecast. This is not the base expectation for July, but it is the clearly defined downside if sellers regain control.
The bullish scenario needs the outside help named above. A cooler inflation print, renewed ETF inflows, or a softer Fed tone could let Bitcoin hold above $60,000, reclaim the $62,000 to $65,600 band, and turn a break above roughly $63,800 into the signal that the downtrend has ended, opening a path toward the 50-month average and $70,000. It is the least likely path given the monetary backdrop, but the oversold, deleveraged, accumulated structure means the fuel for a sharp recovery is present if the catalyst appears.
Reading the flows in real time
Because this piece keeps returning to ETF flows as the signal that matters most, it is worth being concrete about how to read them during the month, since the daily numbers reward interpretation. The flow data publishes each trading day and measures coins genuinely created and redeemed, but single days are noise, dominated by one fund’s rebalancing or one authorized participant’s book, while multi-week trends are the real regime information.
A single green day after the June exodus means little; a sustained stretch of inflows, a week or more of consistent net creation across multiple issuers, is the pattern that would signal the demand which drove the bull market coming back, and it is the specific evidence a bottom-caller should demand before trusting a turn.
Two caveats keep the reading honest. First, a meaningful share of ETF positions belongs to basis traders holding shares against short futures to harvest a spread, and when that spread moves they redeem mechanically with no directional view, which means some of June’s alarming outflows were plumbing, not conviction selling, and some of any recovery’s inflows will be the same in reverse.
Second, flows lag price around the clock, since the ETFs trade only during US market hours while Bitcoin trades continuously, so a weekend move shows up in Monday’s flow number, not in real time. The practical habit is to watch the flow trend across a full week, weigh it against price action, and treat a durable turn in the trend, not any single print, as the tell.
Alongside the flows, the on-chain accumulation data, exchange balances and large-wallet holdings, provides the counterweight that has diverged from ETF selling all through the drawdown, and the month in which those two series finally point the same direction is likely the month the trend actually changes.
The targets on the table
The professional forecasts span an unusually wide range, which is itself information about how uncertain this moment is. On the short-term and bearish side, one major bank’s $53,000 forecast anchors the downside case, and prediction-market data leans bearish, with traders assigning roughly a 68% chance of Bitcoin reaching $65,000 by late July and a 64% chance of $60,000 holding as support, alongside only modest odds, under 20%, of Bitcoin reaching $90,000 by year-end.
On the bullish side, one major bank maintains a $100,000 year-end target and frames the sell-off as a buying opportunity rather than a cycle top, and one research firm holds a $150,000 year-end call built on the thesis that institutional ownership is stretching Bitcoin’s traditional 4-year cycle into a longer, more gradual one. Longer-dated model-based forecasts cluster in the high 5 figures to low 6 figures for late 2026 before rising in subsequent years.
The spread between a $53,000 near-term floor and a $150,000 year-end target is the honest picture: the analysts agree on almost nothing except that the second half depends on the Fed and the ETFs, the same two variables this piece has centered throughout.
For July specifically, the base-case targets cluster around $65,600 on the upside if support holds and the low-to-mid $50,000s on the downside if it does not, a range whose resolution the month-end meeting will largely dictate.
What could break the range
Because the base case is a range defined by one meeting, it is worth naming the events that could override it before or after July 29, since a month pinned on a calendar is also a month exposed to surprises. On the downside, beyond a hawkish Fed, the specific risks are a hot inflation print that removes the cooling narrative, a forced sale from a leveraged corporate treasury holder into thin liquidity, and any renewed acceleration in ETF redemptions that turns the June exodus into a quarter-long trend.
Each of these is capable of breaking the $58,115 floor independent of the Fed, and the treasury-sale risk in particular is the kind of reflexive, mechanical event that has produced Bitcoin’s sharpest single-day moves, because a holder selling from necessity, not choice, sells regardless of price.
On the upside, the overrides are mirror images: a cooler inflation report that revives cut expectations, a decisive multi-week return of ETF inflows, or a broad risk-on turn in traditional markets that lifts Bitcoin alongside equities. A geopolitical de-escalation or a softening dollar could each do it, since Bitcoin has tracked global risk appetite closely through the year.
The point of naming both sets is not to predict which fires but to frame the month correctly: the range between roughly $56,000 and $63,800 is the default, the Fed is the scheduled resolver, and the list above is the set of unscheduled events that could resolve it earlier or push it further in either direction. A disciplined reader watches the floor, the reclaim zone, the mid-month inflation data, and the ETF flow trend, and lets those four signals, not any forecast including this one, dictate the reading as the month unfolds.
The honest bottom line
July 2026 is a waiting month with a hard deadline. Bitcoin enters it oversold, deleveraged, and quietly accumulated, which limits the fuel for another forced-selling cascade, and simultaneously pinned beneath falling resistance by a Federal Reserve that has taken rate cuts off the table and an ETF complex still bleeding, which limits the fuel for a recovery. The result is a market coiled between a well-defined floor near $58,000 and a reclaim zone near $63,800, most likely grinding sideways with a downward tilt until the July 28-29 meeting forces the resolution, at which point the reaction to the Fed, and the behavior of ETF flows in the days around it, will set the tone for the rest of the summer.
The single most useful thing to watch is not the price but the flows: a sustained return of ETF inflows would be the first real evidence that the demand which drove the bull market is coming back, and its continued absence is the clearest reason to expect the grind to continue. Bitcoin has survived a half-year that erased more than half its value without a single structural break, which is either the setup for a base or the pause before another leg, and honestly, the month itself, through one meeting and a handful of data prints, will do more to answer that than any forecast can.
One final piece of perspective for anyone reading this mid-month: the hardest thing about a waiting market is that patience feels like inaction while the range holds, and then resolves faster than anyone can react once it breaks. The levels in this piece exist precisely so that the resolution, whenever it comes, is legible in advance instead of chased after the fact. The floor is near $58,000, the line that ends the downtrend is near $63,800, the scheduled catalyst is July 28-29, and the flow trend is the tell underneath all of it.
A reader who knows those four numbers going into the meeting is positioned to interpret whatever the Fed and the data deliver, which is the most any honest forecast can offer for a month this contingent: not a forecast to trust blindly, but a map to read the month against as it happens.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are highly volatile, and you can lose your entire investment. Price levels, forecasts, and the July 28-29 Federal Reserve meeting date reflect information current as of July 9, 2026, and are subject to change; verify current conditions before making any decision. Always do your own research.
Hashdex said it will liquidate its eponymous spot-price Bitcoin exchange-traded fund this month, distributing the cash to all remaining shareholders and selling the fund’s roughly 225 BTC holdings.
In a filing on Monday, the fund issuer said the decision was made after evaluating factors including trading liquidity, operating costs and investor interest. The 200,000 shares, which have traded on NYSE ARCA under the DEFI ticker since March 2024, have net assets of $14.25 million, according to the fund’s website.
Late to the game, which saw the first of 10 other competing BTC ETFs debut months ahead of it, analysts saw opportunity at a time when BTC was trading for the then-all-time high of more than $73,000.
“The getting is so good right now I could see this one getting some bites (if the fee is competitive) despite being so late,” said Bloomberg Senior ETF analyst Eric Balchunas in a March 27, 2024 post.
Originally launched in 2022 as a Bitcoin futures ETF, Hashdex Bitcoin Futures ETF, its highest asset level was $17.54 million, reached on May 9, 2025, according to data tracker SoSoValue. The next largest ETF among the US-traded BTC issues is WisdomTree Bitcoin Trust (BTCW), with $140.37 million in net assets as of Friday’s market close.
Related: Bitcoin may find bear market bottom in August: 10x Research
When asked why the United States intervened to support the Japanese currency, U.S. President Donald Trump told reporters aboard Air Force One over the weekend that the U.S. is “always there” for Japan.
“They have a weakening yen, and they wanted a little bit of help,” he said. When questioned over what the U.S. is “getting out of that arrangement,” Trump replied “financial benefit,” but emphasized it’s also “good for the world economy.”
What is behind the fall in the yen?
Japan had already expressed “serious concern” over the yen’s rapid depreciation in March and conducted unilateral intervention between April 28 and May 27.
Despite those efforts, the currency continued to weaken, with the yen sliding to 163.73 per dollar on Thursday before rebounding to 157.57 on Friday.
One reason a stronger yen matters is Japan’s dependence on imported energy. According to the International Energy Agency, Japan remains heavily reliant on imported oil and gas, particularly from the Middle East.
Strategy, the publicly traded Bitcoin holding company formerly known as MicroStrategy and led by chairman Michael Saylor, disclosed another sizable Bitcoin sale in an SEC filing. In the period from July 27 through Sunday, the company sold 1,638 BTC and used the proceeds to support capital-market obligations tied to its preferred stock financing structure.
According to the company’s Monday 8-K filing, the sale totaled $104.7 million at an average price of $63,957. Of that amount, $52.4 million was allocated to dividend payments on its STRC preferred stock, while $52.3 million funded STRC share repurchases.
Key takeaways
- Strategy sold 1,638 Bitcoin from July 27 through Sunday, generating $104.7 million, per an SEC 8-K.
- Dividend funding and STRC buybacks accounted for nearly all sale proceeds, underscoring how Bitcoin liquidity is being used to manage preferred-stock obligations.
- The company says it now holds 842,138 BTC, bought at an aggregate cost of $63.5 billion.
- Strategy also raised $290.6 million through MSTR share sales during the same period, increasing its US dollar reserve to $4 billion as of Sunday.
- STRC trades below its $100 target value—something investors may watch because it can affect the attractiveness and efficiency of future STRC fundraising.
Bitcoin sales feed dividends and STRC repurchases
In the latest disclosure, Strategy characterized the July 27-to-Sunday transaction as one of its larger BTC sales for the year. The company’s filing indicates this was its second-largest Bitcoin sale of 2024.
Crucially, the proceeds were not used for general corporate purposes. Instead, they were split between two items linked to STRC: dividend payments on the preferred stock and STRC repurchases. Together, those allocations amounted to just over $104.7 million, leaving little room for other uses from this tranche.
Strategy’s total Bitcoin balance after the sale stands at 842,138 BTC, with the company reporting an aggregate acquisition cost of $63.5 billion.
How this compares with earlier reported BTC sales
The latest sale follows other previously disclosed events that frame Strategy’s approach to managing its capital structure.
Earlier coverage noted that Strategy sold 3,588 BTC for about $216 million on July 6. The company also disclosed that it sold 32 Bitcoin in early June—its first reported BTC sale since a 2022 tax-loss transaction.
While each sale reduces the company’s Bitcoin exposure, the repeated pattern of tying sale proceeds to STRC-related obligations suggests Strategy is treating Bitcoin liquidity as part of a broader financing and cash-management playbook rather than treating every sale as an isolated departure from its prior accumulation stance.
Cash buffer grows as USD reserve rises to $4 billion
Alongside the BTC sale disclosure, Strategy reported raising additional funds through MSTR share sales during the same period. According to the 8-K, it raised $290.6 million, with multiple allocations.
The filing states that $250 million of the MSTR proceeds was used to increase Strategy’s US dollar reserve, which stood at $4 billion as of Sunday. It also reports that $28.9 million funded STRC repurchases and $11.7 million was added to the company’s cash balance.
In a post on X on Monday, Michael Saylor said Strategy repurchased $81.2 million worth of STRC stock and extended its US dollar “runway” by 57 days to 2.3 years.
STRC trading below target and what that may imply
Strategy’s financing mechanism includes its perpetual preferred stock, STRC. Market data cited in the report suggests STRC was trading at $89.40 during Monday’s pre-market session, or about 10.6% below its $100 target value, according to Yahoo Finance data.
In the same period, the company’s common stock—MSTR—was indicated to have declined roughly 0.9% in pre-market trading, based on Yahoo Finance data referenced in the article.
Trading below STRC’s intended par has potential consequences for Strategy’s capital strategy. If STRC remains below target value, investors may view future fundraising through STRC sales as less efficient for Strategy—because selling preferred stock at a discount typically brings in fewer dollars per unit sold relative to the target. That, in turn, can increase the importance of the company’s dividend policy to attract buyers and provide support to STRC pricing.
Earlier comments from CryptoQuant CEO Ki Young Ju had urged Strategy to pause Bitcoin purchases and replenish cash reserves after dividend coverage deteriorated. In a June 24 X post, Ju said the company should “pause Bitcoin purchases, rebuild cash reserves, and adopt a systematic framework for purchase timing.” Earlier reporting in the same context noted that dividend coverage had fallen to 14 months from seven years.
Strategy has previously responded to these concerns by laying out a framework for capital allocation. A June 29 8-K filing described a capital framework allowing Bitcoin sales to fund dividends, raised the annual dividend rate on STRC preferred stock to 12%, and disclosed that the US dollar reserve had grown to $2.55 billion.
What investors should watch next is whether the new $4 billion USD reserve and the disclosed approach—using Bitcoin sales to service STRC dividends and repurchases—continues alongside STRC trading conditions, particularly how far STRC remains below target and whether Strategy’s dividend and preferred-stock buyback activity accelerates or slows in subsequent filings.
Hashdex will close and liquidate its US-listed Bitcoin ETF, DEFI, after the fund struggled to attract enough assets and trading activity to remain viable.
Summary
- DEFI held approximately $14.7 million in assets as of July 30.
- The fund’s final trading day is Aug. 17, followed by its NYSE Arca delisting.
- Remaining shareholders should receive a cash liquidation payment around Aug. 28.
- Hashdex’s separate $206.8 million NCIQ crypto index ETF remains active.
DEFI will stop trading on Aug. 17
According to a WSJ report, asset management company Hashdex said the Hashdex Bitcoin ETF, which trades on NYSE Arca under the DEFI ticker, will stop trading after the market closes on Aug. 17. The company will then begin liquidating the fund’s assets and delist its shares.
The fund will also stop accepting creation orders from authorized participants after that date. Investors can continue buying and selling shares through their brokers until the final trading session, although market prices may differ from the fund’s net asset value as the closure approaches.
Hashdex attributed the decision to several factors, including the fund’s asset base, trading liquidity, operating expenses and investor demand. DEFI managed about $14.7 million as of July 30, placing it among the smaller US spot Bitcoin products.
The fund’s website listed a net asset value of $71.32 per share and a closing price of $71.15 as of July 31. DEFI normally invests at least 95% of its assets in spot Bitcoin, with the remainder available for cash, cash equivalents, and CME-listed Bitcoin futures.
Shareholders will receive cash after liquidation
Investors who continue holding DEFI shares after the final trading day will not receive Bitcoin. Instead, the fund will sell its holdings and distribute the remaining proceeds in cash after deducting its liabilities and liquidation costs.
Hashdex expects to make the distribution around Aug. 28. The amount shareholders receive will depend partly on Bitcoin’s price while the portfolio is being liquidated, meaning the final payment may differ from DEFI’s net asset value before trading ends.
The liquidation could also create tax consequences for US investors. A cash distribution may be treated as a taxable disposal, depending on the shareholder’s cost basis, account type and individual circumstances.
Investors who sell their shares before Aug. 17 will receive the prevailing market price rather than the final liquidation value. Trading volume and the spread between bid and ask prices could become more important as the fund approaches delisting.
Hashdex faced heavy competition from larger Bitcoin ETFs
DEFI entered the US spot Bitcoin ETF market through a conversion of an existing futures-based product. The fund began holding spot Bitcoin in March 2024, more than two months after the SEC approved the first wave of spot Bitcoin ETFs in January.
That timing placed DEFI behind larger competitors that had already accumulated substantial assets and trading volume. Its relatively small asset base made it harder to compete on liquidity, despite charging a 0.25% expense ratio.
The closure does not signal Hashdex’s exit from the US crypto ETF market. Its separate Hashdex Nasdaq CME Crypto Index ETF, trading under NCIQ, held about $206.82 million in net assets as of July 31.
NCIQ currently provides market-cap-weighted exposure to Bitcoin, Ethereum, XRP, Solana, Cardano, Chainlink, Stellar and Bitcoin Cash. Bitcoin represented 78% of its portfolio as of July 27, while Ethereum accounted for 12.2%.
Hashdex also reduced NCIQ’s annual management fee from 0.50% to 0.25% in March. The fund was renamed from the Hashdex Nasdaq Crypto Index US ETF in January but retained its existing ticker.
DEFI investors face three remaining dates
DEFI shareholders now face a short liquidation timeline. Aug. 17 will be the final day to sell shares on NYSE Arca and the cutoff for new creation orders. Hashdex will then unwind the portfolio before making the expected cash payment around Aug. 28.
Bitcoin price changes during that period will affect the fund’s remaining assets and, in turn, its final distribution. Investors who retain their shares through liquidation should also expect the position to disappear from their brokerage accounts once the cash payment is processed.
The closure applies only to DEFI and does not affect NCIQ or Hashdex’s other crypto investment products.
South Korean cryptocurrency exchange Bithumb said Monday it plans to apply for a preliminary listing review in 2027 and complete an initial public offering in 2028.
Bithumb said it has reorganized its business structure, including spinning off Bithumb Asset, to clarify responsibilities across its business units and reduce potential conflicts of interest ahead of the listing review.
The exchange said its preparations will include upgrading internal controls and shifting from domestic accounting standards to K-IFRS, the international accounting framework used by listed companies in South Korea.
Bithumb said the timetable could change depending on market conditions and the review schedules of relevant authorities.
The exchange is one of five South Korean platforms that support fiat currency trading through real-name bank accounts, offered through its partnership with KB Kookmin Bank.
Bithumb’s listing push comes as rival South Korean exchanges deepen their ties with traditional finance and technology groups. Mirae Asset Consulting took control of rival exchange Korbit on July 23, while Upbit operator Dunamu is pursuing a share-swap deal that would make it a wholly owned subsidiary of Naver Financial, subject to regulatory and shareholder approval.
Related: Kiwoom eyes Bithumb stake as Korean brokerages push into crypto: Report
Bithumb’s 620,000 BTC crediting error
In a February promotional error, Bithumb mistakenly credited customer accounts with balances totaling 620,000 Bitcoin instead of distributing 620,000 Korean won in cash rewards. Bithumb recovered 99.7% of the erroneous credits, though customers sold about 1,788 BTC before accounts were frozen.
At a Feb. 11 National Assembly parliamentary hearing, Bithumb CEO Lee Jae-won said the exchange’s process for checking the planned distribution against its actual holdings had failed and that the promotional amount had not been earmarked in a separate account.
Its IPO preparations also come as two Bithumb-linked listed companies face continuing audit and listing problems. Vidente, a major Bithumb shareholder, and Bucket Studio, which indirectly controls Vidente, have had trading in their shares suspended since March 2023 over audit and other listing issues.
According to Yonhap news agency, Bucket Studio appointed a former police official as its standing auditor in June, while Vidente plans to appoint a former National Tax Service official to the same role. South Korea’s Government Public Service Ethics Committee cleared both hires after finding no close relationship between the officials’ previous duties and their new roles.
Magazine: The 100x obsession: Fundamentals grow in importance as crypto matures
Bitmine Immersion Technologies added 10,399 ETH to its treasury and repurchased another 4.5 million shares, but BMNR stock fell toward $17 as investors weighed its mounting unrealized losses.
Summary
- Bitmine acquired 10,399 ETH, lifting its holdings to 5,797,813 ETH.
- The company now controls about 4.8% of Ethereum’s total supply.
- Bitmine repurchased 4.5 million BMNR shares during its third consecutive week of buybacks.
- BMNR traded near $17.06, with technical indicators showing weak trend strength.
Bitmine’s Ethereum holdings approach 5.8 million ETH
Bitmine said it acquired another 10,399 ETH over the past week, continuing the accumulation strategy it adopted last year. The purchase increased its total holdings to 5,797,813 ETH, equivalent to approximately 4.8% of Ethereum’s circulating supply.
The latest purchase followed Bitmine’s acquisition of 9,946 ETH during the previous week. Together, the transactions added more than 20,000 ETH to the company’s treasury within two weeks.
Chairman Tom Lee linked the continued accumulation to Ethereum’s recent performance against US technology stocks. He said ETH outperformed the Nasdaq 100 by 25% during July, its widest margin since July 2025.
“This is the largest outperformance since July 2025, and we believe it is reflective of the strengthening fundamentals of crypto.”
Lee noted that ETH climbed from $2,375 in July 2025 to $4,057 by the end of the following month. However, past performance does not guarantee that Ethereum or BMNR will repeat that move.
Bitmine has maintained its accumulation strategy despite the broader crypto downturn and the paper losses attached to its holdings. DropsTab estimates that the company has an unrealized loss of approximately $8.8 billion on its Ethereum position.
Staked ETH could generate $247 million annually
Bitmine has also placed most of its Ethereum treasury into staking. The company reported 4,917,189 ETH staked, representing nearly 85% of its total holdings.
At the stated valuation, the staked position is worth about $9.2 billion. Bitmine projects that it could generate approximately $247 million in annualized staking revenue.
Staking provides the company with ETH-denominated income while it holds the asset on its balance sheet. However, that revenue may fluctuate with Ethereum’s staking yield, validator performance and the market value of ETH.
The strategy also means BMNR investors are exposed to several overlapping risks. These include Ethereum price volatility, the company’s cost basis, dilution from capital raises and operational risks associated with staking such a large position.
For US investors, BMNR offers equity-market exposure to Ethereum without requiring direct token custody. Unlike a spot Ethereum exchange-traded fund, however, the stock also carries corporate management, financing and capital-allocation risks.
BMNR buyback enters its third consecutive week
Bitmine repurchased 4.5 million common shares during the past week, marking the third straight week of purchases under its buyback program.
The company has now bought back more than 16 million shares. Management said it considers BMNR attractively valued relative to its assets and long-term Ethereum strategy.
Share repurchases reduce the number of outstanding shares when they are retired, potentially increasing each remaining shareholder’s proportional claim on the company. Their impact depends on the price paid, the source of the funds, and whether new stock issuance offsets the reduction.
Lee argued that periods of strong monthly ETH performance against the Invesco QQQ Trust have historically been followed by BMNR outperforming Ethereum during the next month. That relationship remains a company observation rather than a guarantee of future returns.
The buyback may provide some support for BMNR, but investors have yet to respond positively to the latest Ethereum purchase and repurchase announcement.
BMNR stock struggles with resistance near $17.15
BMNR traded near $17.06 on Aug. 3, falling about 1.3% on the daily chart. The stock recorded an intraday high of $17.23 and a low of $16.63.
BMNR price is testing the 61.8% Fibonacci retracement at $17.15, which is acting as the immediate resistance level. A daily close above that mark could allow BMNR to challenge $18.49, corresponding to the 50% retracement level.
The next resistance sits at $19.82. A stronger recovery beyond that level could bring $21.48 into focus, although the stock would need greater momentum and trading volume to sustain such a move.
BMNR remains above an ascending trendline drawn from its June low near $12.81. That structure suggests the short-term recovery has not failed, but the stock has struggled to build momentum above $17.
Aroon readings of 64.29% and 21.43% favor the recent recovery attempt. However, the average directional index stands at 18.04, below the commonly watched 20 threshold, indicating that the prevailing trend remains weak.
A rejection at $17.15 could send BMNR back toward the rising trendline around $16. Stronger support sits at the 78.6% Fibonacci level of $15.24. A decisive break below that area would weaken the recovery structure and increase the risk of another test of $12.81.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Bitcoin begins the first full week of August trading around the $63,000 area as traders look past a difficult macro calendar and focus on a fresh, ongoing catalyst from within the crypto ecosystem. Sentiment is being tested by the fallout from a Coldcard wallet hack, while broader markets await key US data and geopolitical signals that can swing risk assets.
At the same time, investors are weighing whether August will follow the bearish script that has marked prior cycles. Even with July ending higher, analysts point to technical resistance and liquidation zones that could amplify downside if momentum fades.
Key takeaways
- Bitcoin is hovering near $63,000 as traders digest the continuing Coldcard hardware wallet incident and its effects on flows.
- Crypto market participants say US nonfarm payrolls—due Thursday—may drive volatility depending on how labor strength and unemployment evolve.
- Oil prices slid after President Donald Trump signaled potential movement on an Iran-related deal, adding to macro uncertainty for risk assets.
- Long-term holder behavior appears consistent with accumulation, even as near-term traders warn that resistance could keep August pressured.
- CoinGlass and other technical observers highlight the 50-month EMA around $65,827 as a key barrier, while derivatives positioning points to liquidation risk near $64,200.
Why Treasury and FX policy still matters to crypto
The week’s macro backdrop is shaped not only by upcoming US economic releases, but also by renewed attention to how dollar liquidity and Treasury market stress can spill into global financial conditions. According to QCP Capital, the US and Japan executed a rare coordinated foreign-exchange intervention last week, designed to support the yen after it neared levels around 164 per USD, based on TradingView data.
QCP Capital emphasized that the operation’s mechanics matter: the New York Fed acted as a fiscal agent using the Federal Reserve’s Foreign and International Monetary Authorities (FIMA) repo facility, rather than reflecting a Federal Reserve monetary-policy decision. In QCP’s view, that distinction highlights how institutions outside the FOMC can still move liquidity and influence broader conditions.
Further, industry commentary cited a desire to reduce the risk of Japan selling large quantities of US Treasuries, which could otherwise disrupt the dollar environment. Louise Loo of Oxford Economics told CNBC that volatile conditions tied to potentially fiscally aggressive policies in Japan could extend into US Treasury markets, destabilizing the dollar.
In a post on X, Treasury Secretary Scott Bessent also argued the FIMA facility could be used again, describing it as an “important backstop” and encouraging that it be “upsized” in coming months. For crypto traders, the practical takeaway is that interventions affecting FX and Treasury-market liquidity can quickly shift risk appetite—often before any direct crypto-specific news lands.
US payrolls, oil, and the Iran signal: the risk-asset checklist
For digital-asset markets, the next major swing factor is Thursday’s nonfarm payrolls release. Earlier in this cycle, weaker-than-expected labor numbers put pressure on expectations for how aggressively the Federal Reserve might move on rates, a dynamic that coincided with a reaction in Bitcoin when June payroll data came in well below forecasts, as Cointelegraph previously reported.
Market positioning for Thursday remains mixed. Continuum Economics, for example, expects July nonfarm payrolls to rise by 120k overall (and 110k in the private sector), while also projecting unemployment will edge up to 4.3% from 4.2%. The firm’s forecast also notes average hourly earnings rising by 0.3% in line with its trend, according to its published preview.
Beyond labor data, traders are monitoring signals related to US-Iran de-escalation. On Sunday, President Donald Trump posted on Truth Social that he had agreed to cancel further strikes on Iranian territory “subject to being able to rapidly make a DEAL,” adding language about potential opening of the Strait of Hormuz and an end to Iran’s nuclear threat. Oil responded quickly, with both WTI and Brent down by more than 8% on Monday.
For crypto markets, the relevance of oil is straightforward: sustained moves in energy prices often feed into inflation expectations and, by extension, interest-rate expectations. When the path of rates is uncertain, risk assets—including Bitcoin—tend to trade with sharper sensitivity to macro surprises.
Coldcard hack: exchange inflows rise, but not in an outsized way
On the crypto side, one of the most immediate concerns remains the Coldcard wallet hack. Earlier coverage cited a “low-entropy bug” in Coldcard hardware wallets, with theft activity continuing for multiple days. Galaxy Research’s Alex Thorn advised Coldcard users to move funds “ASAP” and suggested using higher transaction fees to reduce the time spent interacting with the wallets.
Yet exchange flow data suggests the reaction is not turning into a broad, panic-driven transfer into trading venues. According to CryptoQuant, net exchange inflows were 34,932 BTC on Friday and 8,768 BTC on Sunday. CryptoQuant’s data framing indicates the inflow volume, while meaningful on certain days, aligns with typical levels seen during the month rather than representing a one-off liquidation wave.
What did change more noticeably was the number of inbound transactions. CryptoQuant data shows exchanges received 31,217 inbound BTC transactions on Friday, dropping to 19,537 on Sunday. CryptoQuant head of research Julio Moreno attributed the influx mainly to transactions between 1 and 10 BTC, which he said had their highest daily total since early February.
Separately, CryptoQuant reported that on a rolling 30-day basis Bitcoin long-term holders remain in a broad accumulation phase. In its analysis, the BTC LTH Accumulation & Distribution indicator showed LTH supply inflow around 220.4K BTC, implying ongoing inflow into long-term holdings outweighs distribution back to the market.
That combination—exchange activity rising in transaction count, but long-term holders still accumulating—suggests the market is processing the incident through behavior that is more nuanced than a simple rush to sell.
August caution: resistance levels and leverage-built downside
Even as Bitcoin finished July about 7.4% higher, traders are preparing for a difficult August. CoinGlass data shows monthly performance for BTC/USD came in slightly below its 2025 result, but the broader narrative remains that downside pressure can return during August, consistent with patterns some analysts associate with prior midterm-era behavior.
Rekt Capital pointed to the 50-month exponential moving average as an ongoing ceiling, stating on X that the 50-month EMA continues to act as resistance. That level is near $65,827, and the expectation is that repeated rejections could set up further downside continuation.
Derivatives positioning adds another layer of near-term risk. CoinGlass data tracking clusters of high-leverage BTC bets highlighted $64,200 as a potential area where forced liquidations could occur if price moves higher against leveraged positions.
On the other end of the spectrum, quant analyst David Eng described Bitcoin as “sitting on its long-term statistical floor” around $63,000, referencing a power law framework that expects price to grow as a power of time. While such models do not guarantee short-term price direction, they help explain why some participants remain willing to accumulate near specific long-horizon reference points.
With long-term holders accumulating quietly while near-term technicals and leverage maps warn of friction, the next macro prints and any follow-through from the Coldcard incident will likely determine whether August breaks from prior weakness—or extends it.
Traders should watch Thursday’s nonfarm payrolls for cues on rates and risk appetite, while also tracking whether Coldcard-related wallet activity continues to translate into exchange selling or stays contained to transaction-level spikes; the answer could shape how quickly Bitcoin sheds or absorbs this month’s technical pressure.
Bitcoin (BTC) starts the first full week of August circling $63,000 as traders weigh the impact of the ongoing Coldcard wallet hack.
Key points:
- US Treasury Secretary Scott Bessent leverages a Federal Reserve repo facility for a joint intervention as the Japanese briefly recovers from forty-year lows against the dollar
- Oil prices fall sharply as president Donald Trump gives hope of a deal with Iran.
- Bitcoin rounds out July 7.4% higher, but warnings of a red August stay in place.
Bessent eyes further yen interventions
Concerns over US Treasury markets were behind the US decision to intervene in the Japanese yen last week. Washington engaged in a rare operation to support the yen after USD/ JPY had reached almost 164 last week, per data from TradingView.
USD/JPY one-day chart. Source: Cointelegraph/TradingView
“It was the first coordinated US–Japan foreign-exchange intervention since 2011 and the first joint operation specifically supporting the yen since 1998,” crypto trading company QCP Capital noted in analysis released on Monday.
“The distinction matters. The New York Fed acted as the Treasury’s fiscal agent rather than as an independent monetary-policy decision by the Federal Reserve. The operation therefore highlights how institutions outside the FOMC can also influence currencies, liquidity and broader financial conditions.”
Speaking to mainstream media, industry insiders placed emphasis on the desire to avoid Japan selling large amounts of US Treasuries. The use of the Fed’s Foreign and International Monetary Authorities (FIMA) repo facility, which allows a handful of foreign central banks to access dollar liquidity without selling Treasuries, supports the theory.
“There is a self-preservation element here. Volatile markets driven by potentially fiscally-aggressive policies from Japan could extend to the U.S. Treasury markets, destabilizing the dollar,” Louise Loo, head of Asia economics at Oxford Economics, told CNBC.
In a post on X, Treasury Secretary Scott Bessent argued that FIMA could make further appearances going forward.
“Friday’s coordinated foreign exchange actions countered disorderly yen movements. Treasury remains attentive and in close communication with our counterparts at MOF and BOJ. We will not hesitate to participate in further joint intervention. The FIMA Repo Facility is an important backstop. We would encourage it to be upsized in the coming months,” he wrote.
Oil dives as Trump teases hope of Iran deal
US nonfarm payrolls data is the main point of interest for crypto and risk asset traders this week. Due on Thursday, the numbers will shed light on the strength of the labor market as recent US inflation prints have delivered mixed signals.
Last month, nonfarm payrolls came in far lower than expected. Only 57,000 jobs were added in June, short of the 114,000 anticipated, while the previous two months’ numbers were revised down by a combined 74,000 jobs. Bitcoin jumped on the news, because weaker labor-market conditions put pressure on the Federal Reserve to soften its stance on rate hikes.
Some market participants expect a rebound in July’s payrolls data. However, macro research firm Continuum Economics simultaneously projects an uptick in unemployment.
“We expect July’s non-farm payroll to rise by 120k overall and by 110k in the private sector, a significant improvement from June’s respective gains of 57k and 49k but largely explained by a recovery in leisure and hospitality. We expect unemployment to rise to 4.3% from 4.2%, reversing a June decline, and an in line with trend 0.3% rise in average hourly earnings,” it forecast last week.
US civilian unemployment rate. Source: Bureau of Labor Statistics
Macroeconomic data prints form just one locus of potential risk-asset volatility as markets look for cues for a lasting ceasefire between the US and Iran.
In a post on Truth Social on Sunday, US president Donald Trump revealed a delay to further strikes on Iranian territory, with a potential deal on the table.
“This would include the Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s nuclear threat. Based on this request, I have agreed, for the future benefit of the WORLD and, likewise, the survival of a successful and prosperous Iran, to cancel the attack, subject to being able to rapidly make a DEAL,” he wrote.
Oil prices fell immediately as the week began, with WTI and Brent crude both down more than 8% on Monday.
Stocks face tough seasonality into US Midterms
US stocks face seasonal friction between now and October, in the run-up to the US Midterm elections, analysis from trading resource Mosaic Asset Company warns.
The S&P 500 finished July down 0.8%, while the tech-heavy Nasdaq Composite Index saw its worst July losses since 2006 at -3.2%.
In the latest edition of its regular newsletter, The Market Mosaic, flagged seasonal changes as a major hurdle for equities beginning this month.
“Based on multiple lookback periods, seasonality becomes a much stronger headwind over the next couple months,” it wrote, with data indicating that it could take until the start of Q4 for the situation to improve.
S&P 500 average monthly returns. Source: Mosaic Asset Company
US equities failed to mount a meaningful comeback into the monthly close, even as Asia markets rebounded from a major sell-off centered around semiconductor stocks. Missed earnings and concerns over debt obligations fueled a $620 billion wipeout over just two days. This comes as combined 2026 capex guidance from Alphabet, Microsoft, Amazon, and Meta is now tracking toward $730 billion.
For Bitcoin itself, the picture has a familiar precedent, analyst Benjamin Cowen, founder and CEO of quantitative analysis platform Into the Cryptoverse argued.
“Bitcoin is still generally tracking the average of prior midterm years (only slightly elevated off of that average),” he reported on X while tracking year-to-date return on investment.
Bitcoin RoI comparison. Source: Benjamin Cowen on X.com
Exchange flows cool after Coldcard shock
Bitcoin investors continue to react to the low-entropy bug in Coldcard hardware wallets as funds are being stolen for a fourth consecutive day. The hack, which appeared to be centered on a security vulnerability originating in 2021, had drained BTC worth nearly $90 million as of Sunday.
Alex Thorn, head of firmwide research at crypto and blockchain research platform Galaxy Research, told Coldcard users to move funds “ASAP” and employ high transaction fees to reduce the remaining time spent interacting with Coldcard wallets to a minimum.
Exchange transaction data, however, does not show a mass influx of BTC from users seeking a temporary alternative to hardware wallet storage or converting their funds to ETFs. Data from CryptoQuant shows net inflows of 34,932 BTC on Friday and 8,768 BTC on Sunday. While this constitutes a significant inflow day, it is not out of the ordinary and matches the levels seen throughout the month.
Bitcoin exchange inflows. Source: CryptoQuant
The number of depositing transactions saw a more pronounced reaction, spiking to match some of its highest daily totals since March before dropping significantly over the weekend. Exchanges recorded 31,217 inbound BTC transactions on Friday, while on Sunday, the number fell to 19,537.
Bitcoin exchange deposit transactions. Source: CryptoQuant
Responding, CryptoQuant head of research, Julio Moreno, revealed that the influx was driven by transactions of between 1 and 10 BTC. At around 7,300, these saw their highest daily total since early February.
Bitcoin exchange inflows by transaction size. Source: Julio Moreno on X.com
In some of its latest analysis released on Monday, CryptoQuant observed that on a rolling 30-day basis, Bitcoin’s long-term holders (LTHs) remained in a broad accumulation phase.
“Data shows that the BTC LTH Accumulation & Distribution (30D) indicator is currently recording LTH Supply Inflow of around 220.4K BTC. This suggests that the amount of Bitcoin flowing into the Long-Term Holder cohort continues to outweigh the amount being distributed back to the market,” it wrote.
Bitcoin 30-day LTH accumulation and distribution (screenshot). Source: CryptoQuant
Trader consensus sees a “red” August for Bitcoin
Bitcoin continues to see key trend lines act as resistance into August as market participants warn over bear-market history repeating. BTC/USD finished July up 7.4%, slightly below its 2025 performance, per data from CoinGlass.
BTC/USD monthly returns (screenshot). Source: CoinGlass
Despite this, expectations remain for downside BTC price pressure to return this month, keeping the 2026 bear market in line with historical patterns. The 50-month exponential moving average (EMA) at $65,827 is an important psychological level for traders.
“It has been confirmed. The 50-Month EMA continues to act as resistance,” trader and analyst Rekt Capital wrote in an X post on Sunday.
“Continued rejection from the 50 EMA would set price up for downside continuation over time.”
BTC/USD one-day chart with 50-month EMA. Source: Cointelegraph/TradingView
On shorter time frames, CoinGlass data that tracks clusters of high-leverage BTC bets in the derivatives market showed $64,200 as a potential area of forced liquidations should price reverse higher.
BTC liquidation heatmap. Source: CoinGlass
Quant analyst David Eng described the price as “sitting on its long-term statistical floor” near $63,000. Eng uploaded data from the power law model, which sees price growing as a power of time.
Bitcoin Power Law data. Source: David Eng on X.com
Bitcoin heads into August with long-term holders quietly accumulating even as short-term charts flash caution. Whether the month breaks its historical pattern of weakness will likely come down to how the next few macro data points land.
PIVX (PIVX), Vulcan Forged PYR (PYR), and four other lesser-known digital assets have posted substantial losses today (August 3), and the main culprit behind the decline appears to be Binance.
Over the past several weeks, the world’s largest crypto exchange announced several other platform amendments that have affected multiple altcoin traders and investors.
Goodbye to These Tokens
Binance carried out another review to ensure that all cryptocurrencies listed on its platform meet the necessary standards and industry requirements. As a result, it revealed that it will terminate all services with Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC).
The delisting is scheduled for August 17, but the news has already impacted the prices of the aforementioned tokens. PIVX and PYR are the biggest losers from the pack, both nosediving by 20%, while the rest have recorded more modest decreases.
Withdrawing support from Binance inevitably leads to reduced availability, thinner liquidity, and reputational damage, so the price reaction isn’t exactly surprising. Something quite similar was observed towards the end of June when the company said goodbye to Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND).
NFP absorbed the heaviest hit, with its valuation plunging by a sharp 21% in a single day, while the rest also entered red territory – though their declines were not that substantial.
Some of the Previous Updates
Binance has been wrestling with regulatory pressure in Europe lately, but that hasn’t stopped it from pushing forward with its global expansion. A month ago, it solidified its presence in the Philippines: a major crypto market with millions of users.
Later on, the exchange briefly paused deposits and withdrawals on the TRX and ZEC networks to support wallet maintenance and a hard fork, respectively. All operations were restored quickly, and there were no reports of any lingering issues.
The post Binance Triggers Major Collapse for These Altcoins: Details Inside appeared first on CryptoPotato.
Bitmine Immersion (BMNR), the largest Ethereum treasury company, bought 10,399 ether (ETH) during last week as Chairman Tom Lee pointed to ether’s strongest monthly performance against the Nasdaq in a year as evidence that crypto is recovering.
The purchase, worth roughly $19.1 million at ETH’s current price of $1,840, lifted Bitmine’s holdings to almost 5.8 million ETH, or about 4.8% of Ethereum’s circulating supply, according to the company’s Monday update.
The latest acquisition was broadly in line with the previous week’s 9,946 ETH purchase, extending Bitmine’s streak of weekly ether buys since adopting its Ethereum treasury strategy in June 2025.
The company also bought back 4.5 million shares of its common stock, bringing total recent repurchases to 16 million shares.
The update comes as Strategy (MSTR), the largest corporate bitcoin holder, disclosed another sale of bitcoin. The company trimmed its treasury by 1,638 BTC, worth about $105 million, while repurchasing $81.2 million of its STRC preferred stock. Strategy also raised $290 million through sales of common shares.
Lee tied the company’s outlook to ether’s relative strength against technology stocks.
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