Ready, the self-custodial wallet formerly known as Argent, shut down its card program on Wednesday after its issuer wound down without warning, co-founder Itamar Lesuisse said in a post on X. "We were given no notice, so if you were relying on the card today, you found out at roughly the same time… Read the full story at The Defiant

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Bitcoin has extended its recovery from recent lows and is now testing an important resistance region. While short-term momentum has improved, the asset is approaching an area that could determine whether the current rebound evolves into a larger breakout or another rejection within the broader consolidation.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, Bitcoin continues to trade within its well-defined consolidation range. The recent rebound has carried the price back toward the major resistance zone at $66.2K to $66.8K, while the broader support remains at $57.8K to $60.2K.

Although buyers have regained short-term momentum, BTC is still trading beneath the declining 100-day and 200-day moving averages, which continue to reinforce the broader bearish structure. The descending long-term trendline also remains intact, adding further confluence around the overhead resistance.

For now, the market continues to favor range-bound conditions. A confirmed breakout above the $66.2K to $66.8K resistance would be the first signal that buyers are regaining control and could pave the way toward the next resistance around $72K to $74K. Until then, the current move appears to be another recovery leg inside the broader consolidation.

BTC/USDT 4-Hour Chart

The 4-hour chart shows that buyers have staged a strong recovery from the $61.8K to $62.3K demand zone, pushing Bitcoin back into the immediate resistance area around $64.8K to $65.4K.

This resistance has already rejected the price several times over the past two weeks, making it the key short-term barrier. A successful breakout above the $64.8K to $65.4K region would likely open the door for another rally toward the daily resistance around $66.2K to $66.8K.

However, failure to overcome this supply zone could trigger another rejection back toward the buyers’ defense at $61.8K-$62.3K, keeping BTC trapped within its broader consolidation range.

Sentiment Analysis

The latest two-week liquidation heatmap highlights a significant concentration of short liquidation liquidity above the current price, particularly around the $66K region. As Bitcoin continues pressing higher, this cluster becomes an attractive magnet for price, increasing the probability of an upward liquidity sweep.

If buyers manage to push through the nearby resistance, the liquidation of overleveraged short positions could trigger a short squeeze, accelerating bullish momentum toward higher resistance levels.

While a liquidation cluster also exists below the current market, it primarily reflects aggressive long positioning. For now, the more considerable and more attractive liquidity target remains overhead, favoring an upside sweep if buyers can maintain control.

The post Bitcoin Price Analysis: BTC Battles Key $65K Barrier as Short Liquidation Cluster Builds appeared first on CryptoPotato.

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Uniswap's fee switch reached the protocol's newest pools this week, and the first revenue arrived alongside a public brawl over who is paying for it. The early returns favor UNI holders. Protocol revenue has nearly tripled since the July 27 activation, with about $325,000 flowing toward UNI burns… Read the full story at The Defiant

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A Greek security researcher reportedly spent 22 months inside North Korean hacking servers. He came out with a victim list of 1,640 organizations in 57 countries.

Vangelis Stykas is chief technology officer at security firm Kumio. He presented the findings this week at Black Hat in Las Vegas.

How the Hunters Became the Hunted

Stykas turned the usual order around. He worked his way into the command-and-control servers the crews use to run their malware.

In some cases he landed on their personal computers. The hackers had infected those machines themselves.

Then he simply stayed. For nearly two years he watched them work and logged each new victim as it appeared.

He pulled roughly five terabytes of data. It held developer keys, private source code, and the crews’ own Slack and Discord messages.

That access is why the count is firm. Most threat reports estimate victims from the outside.

This one counted them from the attackers’ own files. Of the 1,640 organizations, Stykas rates 700 to 800 as seriously breached.

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In those cases the crews held root access to servers, Amazon Web Services (AWS) root permissions, or cryptocurrency wallet keys.

A Job Offer Was the Only Exploit They Needed

No software flaw opened these doors. A job offer did.

Developers were approached with senior roles and strong pay. They were then asked to run a take-home coding test. The test installed malware.

Palo Alto Networks researchers named the pattern Contagious Interview back in November 2023. Five security firms have since tracked the same crew under six different labels.

Microsoft published its own breakdown in March 2026. It traced the chain to fake code packages hosted on GitHub, GitLab, and Bitbucket.

Opening one in Visual Studio Code triggers a trust prompt. Approve it, and the editor runs the attackers’ code for them.

“By embedding targeted malware delivery directly into interview tools, coding exercises, and assessment workflows developers inherently trust, threat actors exploit the trust job seekers place in the hiring process,” read an excerpt in a March security blog from Microsoft security blog.

The backdoors then hunt a short shopping list. Microsoft names API tokens, cloud credentials, signing keys, crypto wallets, and password manager files.

Hiring is a repeat weak point. Consensys caught a hidden North Korean developer on its own team, a month into work on MetaMask code.

One Contractor, Thirty Front Doors

The lure is cheap. The reach is not.

Stykas found contractors carrying live credentials for as many as 30 companies. A single infected laptop became thirty ways in.

Boston Children’s Hospital shows the pattern. Stykas traced its exposure to a former contractor’s personal device.

The hospital disputes the framing. It says it cut the credentials within hours and found no sign its own systems were entered.

The crews were also picky. They could reach health records and criminal databases, yet ignored both.

They went for wallets and blockchain access instead. Coinbase and Uniswap Labs sit among the organizations that acted on his warnings.

That discipline shows up in the totals. Crews tied to the Democratic People’s Republic of Korea (DPRK) stole a reported $2.02 billion in digital assets during 2025.

CrowdStrike logged that as a 51% jump in one year. It also flags a crew it calls GOLDEN CHOLLIMA for using recruitment lures to reach fintech cloud environments.

That is the chain Stykas watched from the inside. The human route keeps winning.

TRM Labs traced April’s $285 million Drift Protocol theft to in-person meetings between North Korean proxies and staff.

Two attacks produced 76% of 2026 losses from just 3% of incidents. Pyongyang’s running total now clears $6 billion since 2017.

Stykas says fresh victims are still surfacing in the data. Most organizations he warned never wrote back, which is why groups like Crypto ISAC now pool DPRK threat intelligence instead.

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After a green July, the crypto market entered August against geopolitical and macroeconomic tension. Yet recent on-chain signals show smart money quietly positioning across the majors.

Large holders are adding Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) as prices sit near or below their realized prices, according to CryptoQuant. The firm reads the buying as a sign that the downturn is in its final stage.

Whale Accumulation Continues Across Major Cryptocurrencies

Global markets have pulled ahead while Bitcoin stalled. Equities set fresh records into early August, but Bitcoin held near $64,700, up just 1.5% from a week earlier.

Beneath that flat price, the largest wallets kept buying. Bitcoin whale balances, excluding exchanges and mining pools, climbed to about 3.06 million BTC.

However, it still sits below the 2025 bull-market peak of roughly 3.23 million, leaving room for more accumulation. 

Ethereum tells a sharper version of the same story. Wallets holding more than 100,000 ETH added about 1.8 million ETH since mid-2025, a rise of nearly 70%. Meanwhile, the 1,000-to-10,000 ETH cohort cut its holdings to 12.9 million from 15.6 million in January.

In XRP, order sizes remained in “big whale” territory while the token held its range near $1, suggesting absorption rather than aggressive buying. BeInCrypto also highlighted that XRP inflows to Binance have fallen to a record low.

Taken together, the on-chain data suggests whales are treating the current period as an accumulation opportunity. Beyond large-holder buying, adoption indicators are also improving. 

Holder counts across major cryptocurrencies have climbed, reinforcing the view that network participation is expanding even as market sentiment remains cautious.

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CryptoQuant also noted that valuations are approaching historically undervalued levels. Bitcoin and XRP remain close to their realized prices of $52,900 and roughly $0.75, respectively. 

Ethereum appears even more discounted, trading well below its realized price of about $2,450. According to the firm, such conditions suggest “late-bear-market zones.” Other signals also indicate the bear market may be approaching its final phase.

Why the Crypto Market Bottom Is Not Yet Confirmed

While accumulation lowers downside pressure, it does not confirm a floor. CryptoQuant stressed that prices could still fall further before the market turns.

“Risk-reward has improved markedly, but is not fully de-risked. Downside pressure is lower as large holders accumulate, signaling the last stage of the bear market — yet from a pure valuation standpoint, some further downside remains possible before a confirmed floor,” the report read.

Analysts elsewhere echo the mixed picture. Glassnode has described the bottom conditions as “assembling but incomplete.”

“Bottom signals assembling through boredom, not capitulation; still short of every prior bear’s floor,” the firm wrote.

For now, whales are buying weakness the market has yet to reward.

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Russian President Vladimir Putin has signed a sweeping crypto regulation law, creating a licensed framework for digital asset trading. The law permits bitcoin (BTC) and other digital assets for cross-border trade starting September 1, 2026.

The measure gives Russia its first comprehensive legal structure for digital currencies. Regulators previously left crypto activity in a legal gray area with little oversight.

How the New Russia Crypto Regulation Works

Crypto exchanges, brokers, and custodians operating inside Russia must register with the central bank, known as the Bank of Russia, according to TASS. Registered platforms need at least 15 million rubles in minimum capital. They must also join a self-regulatory organization for the financial market. The Bank of Russia will phase in full registration requirements through July 1, 2027, giving existing platforms time to comply.

The requirement follows the passage of a sweeping crypto bill in July. Russia’s lower house of parliament, the State Duma, cleared the bill’s final readings the same day.

The law also defines what counts as active trading. Regulators set the bar at two or more transactions in a month worth a combined 3.5 million rubles or more. The threshold separates licensed market makers from occasional, one-off sellers.

Only select cryptocurrencies qualify for public trading under the law. Assets need an average market capitalization above 5 trillion rubles. Daily trading volume must also exceed 1 trillion rubles over two years. Bitcoin, Ethereum (ETH), and the stablecoin USDT currently meet that bar.

Anatoly Aksakov, chairman of the Duma’s Financial Markets Committee, defended the licensing rules ahead of the signing.

“Mass use of anonymous wallets and the gray circulation of cryptocurrencies contradict the idea of a legal market,” — Aksakov said.

The law builds on a narrower measure that already let companies settle foreign trade crypto payments starting July 1. The new statute consequently widens that channel into a full licensing regime rather than a temporary workaround.

Retail Limits and the Domestic Payments Ban

Retail access comes with tighter conditions than institutional trading. Non-qualified investors, essentially anyone who has not passed a required knowledge test, face annual purchase limits. The law caps each investor at 300,000 rubles, worth roughly $3,690, per licensed intermediary, every year. Non-qualified investors make up an estimated 98% of Russia’s retail investor base.

Domestic payments for goods and services remain banned. Officials argue the restriction protects the ruble’s stability. Wider domestic crypto use, they say, could weaken demand for the national currency.

The push toward legal crypto exchange also reflects sanctions pressure. European Union sanctions packages have progressively squeezed Russian access to global finance.

Russian experts remain split on how the domestic industry should respond. Meanwhile, new EU sanctions have made crypto services harder for Russian users to access. An earlier package specifically targeted Russia’s crypto sector.

The new law, therefore, positions state-licensed crypto rails as a controlled outlet. It offers a channel for trade that Western sanctions have otherwise restricted.

The comparison with Washington is stark. The Senate Banking Committee advanced the CLARITY Act, a market structure bill for US crypto exchanges, by a 15-9 vote in May. That bill still needs full Senate floor passage, reconciliation with a competing House version, and a presidential signature, and several roadblocks remain before it takes effect. Russia’s crypto regulation, by contrast, is already signed and takes effect on September 1.

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Bitcoin (BTC) stayed motionless at Thursday’s Wall Street open as analysis saw signs of reemergent US “stagflation.”

Key points:

• Bitcoin stays below $65,000 as Iran tempers expectations over the Strait of Hormuz oil route reopening.
• US PMI data analysis sees “stagflation” return as a potential future risk.
• BTC price indecisiveness means that the market still lacks a “genuine breakdown,” says Bitfinex.

Iran cools market hopes of Hormuz deal

Data from TradingView showed BTC/USD hovering above $64,000, down around 0.5% on the day, while US stocks opened flat.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Anticipation of a deal between Iran and Oman to reopen the Strait of Hormuz oil route did little to spark volatility — in the absence of US participation, it remained uncertain whether international shipping would fully resume.

“This understanding does not, in itself, mean that the Strait of Hormuz will reopen,” Iran’s Deputy Foreign Minister Kazem Gharibabadi said in an interview with the state-run Islamic Republic News Agency (IRNA), quoted by CNN.

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US WTI crude oil was little changed on the day at $76 per barrel, having hit three-week lows of $74.30 the day prior.

CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView

As markets awaited further geopolitical cues, trading resource The Kobeissi Letter turned to the latest US Institute for Supply Management (ISM) Services PMI and employment data. Released on Wednesday, this showed a divergence continuing, with PMI rising 0.1 point in July to 54.1, while employment dropped 3.6 points to 47.4, its lowest reading since March.

“At the same time, the prices paid index surged +2.6 points, to 70.3, near the highest since October 2022. Prices paid have now trended higher for over 2 years, rising +16.9 points since March 2024. In other words, the economy is increasingly under pressure from both rising prices and a weakening labor market,” it reported on X.

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Kobeissi added that the odds of stagflation was thus “intensifying” based on the combined PMI readings.

US services PMI data. Source: The Kobeissi Letter on X.com

Analysis debates solution to BTC price paralysis

With Bitcoin failing to break beyond a local range in place since the start of June, onchain analytics platform Glassnode described BTC/USD as showing “boredom rather than capitulation.”

Related: Bitcoin treasury trade ‘breaking’ and fund holdings drop 10%: Analysis

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In its latest analysis on Thursday, Glassnode noted Bitcoin’s lack of reaction as gold hit its highest levels in six weeks and the S&P 500 reached all-time highs. 

“The regime in one line: a compressed, under-owned market that global risk appetite has left behind, with bottom conditions assembling but incomplete,” it summarized.

BTC/USD vs. S&P 500 one-day chart. Source: Cointelegraph/TradingView

Previously, Cointelegraph reported on bear-market comparisons seeing history repeating itself in 2026, with Bitcoin slowly eroding support before dropping to the cycle’s next macro floor.

Echoing Glassnode’s sentiment, Bitfinex Research, the analytics arm of crypto exchange Bitfinex, also saw the need for a more decisive macro bottom trigger than current conditions could produce.

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“While macro developments and bitcoin’s underperformance compared with the Nasdaq and S&P 500 signal underlying stress, a genuine breakdown requires something more forceful, followed by volume-supportive price action,” it wrote in an update on Wednesday.

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Eric Trump defended Elon Musk on Thursday, rejecting a Bloomberg column that cast the SpaceX founder as a serial overpromiser. His comment comes the same day 911 million restricted SpaceX shares become free to trade.

SpaceX (SPCX) stock climbed anyway. Shares changed hands near $112.76 late in Thursday morning in New York, up 4.15%. That bounce means less than it appears.

Eric Trump Answers Bloomberg With SpaceX Launch Numbers

In the report, Bloomberg credited Falcon 9 reliability and Starlink profits, but warns that a full mobile phone network could stretch the company too far.

One line did the damage, indicating that Musk has a long history of overpromising and underdelivering.

Eric Trump quoted that line back and answered it with launch data.

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The flight count holds up. SpaceX flew 165 Falcon 9 missions during 2025. That was roughly 85% of all United States orbital launches and close to double China’s output. One booster flew 32 times.

His mass figure is shakier. Public trackers count launches rather than payload weight, so the 80% to 85% claim is hard to test. Musk reposted the thread and called Bloomberg garbage.

The $18 Billion Number Behind the SpaceX Stock Slide

Neither man named the actual cause of the selloff. SpaceX reported earnings on Tuesday. Revenue hit $7.8 billion, up 92% and ahead of the $6.8 billion analysts expected.

Capital spending broke the story. SpaceX spent $18.4 billion in the quarter, against forecasts near $13 billion. That is more than twice what it earned in revenue.

Shares fell 13.61% on Wednesday to $108.27. Bloomberg had nothing to do with it. Jim Cramer had already flagged the unlock as a reason to wait.

Supply is the second problem. Roughly 911.5 million shares cleared their first lock-up on Thursday. That batch was worth close to $98.7 billion at Wednesday’s close.

The tradable float now roughly doubles. It moves from about 5% of the company to 12%, reviving an older thin float valuation debate.

Short sellers had crowded in first. Exchange data showed 165 million shares sold short at the July 15 settlement date, near 26% of the float. Later filings put the number around 219 million by July 29.

That detail explains Thursday. Heavy short interest hands any rally fuel, since bears must buy stock back to close out.

What Facebook’s 2012 Unlock Says About SpaceX Stock

History offers a clean test. Facebook walked into the same setup in 2012.

Its first lock-up freed 271 million shares on Aug. 16. The stock closed that day at $19.87, down more than 6%, a record low at the time. Volume ran five times normal.

The larger release went the other way. When 773 million shares came free on Nov. 14, Facebook gained 12.6%. Mark Zuckerberg held 504 million of them and said he would not sell.

Valuation professor Aswath Damodaran later studied the pattern across many listings. He found expiries shave 2% to 5% off a stock on average, yet about a third of them end higher. Volume jumps every time.

Thursday therefore looks ordinary rather than bullish. Bulls still see a floor here. Musk has called the slump an obvious entry point. One trader placed a $20 million options bet on a rebound.

Eight more tranches follow through December, and Musk’s own stake stays locked until 2027.

The post SpaceX Stock Price Recovers As Eric Trump Rallies Behind Elon Musk, Will It Hold? appeared first on BeInCrypto.

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The BeInCrypto Stage returned to Píer Mauá for the fourth year in a row at Rio Innovation Week 2026, turning Wednesday morning into a showcase of the agenda now drawing banks, exchanges, and card issuers closer together. 

Executives from companies including Binance, Visa, Nubank, BNY, Crypto.com, Mercado Bitcoin, and Bitso, among others, shared the stage to discuss stablecoins, financial superapps, prediction markets, and the infrastructure underpinning the next phase of digital assets in the country.

BeInCrypto launches “The Exodus Economy” report

BeInCrypto opened its own chapter of the day by unveiling “The Exodus Economy,” the first edition of a research effort by BeInCrypto Intelligence that maps how Latin American money finds a new financial home. The study followed 12 years of dollar flows on-chain, wallet by wallet, and audited 60 billionaire addresses against their Forbes profiles.

The report puts hard numbers behind a phenomenon usually told through headlines about departing millionaires. According to the study, Brazilians hold US$ 654 billion abroad, by their own central bank’s count, and 26.9 million Latin Americans already live outside their home countries. It also shows that roughly US$ 63.2 billion was sent home to Mexico over the last 12 months, with a crypto rail beside it already running at about half that size. One of its more counterintuitive findings is that all 14 Mexican billionaires tracked still live at home, evidence that the exodus is real but far from uniform.

The edition was reviewed alongside a Latin American Finance Council that includes Caio Fasanella, Head of Investments at Nomad, Antônia Souza, Director of Digital Currencies for Latin America and the Caribbean at Visa, Michael Rihani, Director of Crypto at Nubank, and Bruno Grossi, Head of Emerging Technologies at Banco Inter.

Binance unveils its first Brazil-only yield product on stage

The tone was set in the opening keynote. Thiago Sarandy, general manager of Binance in Brazil, took the stage to announce Binance Rende+, the platform’s first yield product built exclusively for the Brazilian market. It is a real-denominated investment yielding 120% of the CDI, backed by Treasury bonds, allowing deposits of up to R$ 100,000 and delivering daily returns that include Saturdays, Sundays, and holidays.

“Binance Rende+ combines features Brazilians already know, such as CDI-linked yield, with the advantages of digital assets, like earning 7 days a week, 24 hours a day, with the ability to redeem at any time. This significantly improves the potential of investors’ portfolios. People’s money can no longer be limited to business hours,” Sarandy said during the keynote “Everything Your Money Wants to Be: The Financial Superapps.”

The executive used the stage to reveal another line of expansion. Still in August, Binance will launch a tool in the Brazilian market that will let users buy stocks listed in the United States directly from the platform’s app, with access to more than 7,000 shares of U.S. companies.

According to Sarandy, the move consolidates Binance’s evolution beyond the crypto market, gathering into a single ecosystem solutions such as Binance Card, Pix integration, the new Binance Rende+ and, soon, investment in foreign equities.

The global figures he presented helped frame the scale behind the strategy. Binance today counts more than 325 million users, moved over US$ 34 trillion in trading volume throughout 2025, holds roughly US$ 160 billion in assets under custody, and can process up to 4.4 million transactions per second.

Sarandy also stressed that the company is currently the crypto platform with the largest number of regulatory licenses across different jurisdictions worldwide. Those interested in Binance Rende+ can already sign up for the pre-launch list on the company’s website.

Stablecoins and the tension between access and protection

If the Binance keynote placed the financial superapp at the center of the conversation, the panel “Money Never Sleeps Again: Stablecoins and the New Global Financial Infrastructure” brought the regulatory temperature into the debate. The table gathered Nelson Leite, from Binance, Eduardo Abreu, vice president of Visa in Brazil, and Sabrina Zaparroli, Public Policy Senior Expert at Nubank, moderated by Luís de Magalhães, BeInCrypto’s Latin America lead.

Sabrina Zaparroli, from Nubank, offered one of the morning’s densest reflections when she addressed the supposed democratization of the dollar through stablecoins. For her, ease of access cannot be confused with the absence of risk.

“I see this democratization as an important reduction of barriers. For many people, especially in lower-value international transactions, the possibility of accessing a virtual asset referenced to a strong currency and moving it at any time can mean more predictability, more speed and less friction. But it is important not to confuse access with the absence of risk,” she said.

Zaparroli argued that democratizing access also means democratizing information and protection. She contended that a stablecoin does not automatically become equivalent to a dollar in a bank account merely because it maintains a value reference, and that users need to understand the issuer’s obligations, how reserves are held, and what protection exists in the event of a failure.

“The simplicity of the interface cannot hide the nature of the product. We need to combine innovation with transparency, controls proportional to risk and communication that allows the client to make an informed decision,” she added.

The executive said she prefers to speak of more efficient access to dollar-denominated services, rather than an automatic replacement of the local currency.

Eduardo Abreu, from Visa, highlighted the collaborative nature of the debate, which brought together companies from different links of the chain.

“It was a great experience to be in a place where you see innovation, content and networking with high-level people. And to be on a panel with companies from different sectors, right? Us as Visa, the bank as issuer, Binance as exchange. It is really cool and it shows how this world has to be collaborative,” said the vice president.

BNY and the infrastructure argument

The institutional view gained reinforcement in the remarks of Carlos Xirau, Head of Latin America at BNY, who tied the debate to the idea that mass adoption depends less on technology and more on solid foundations.

“We are living through the convergence between traditional finance and the digital economy. The mass adoption of digital assets will depend less on technology and more on the ability to create a robust and reliable infrastructure, capable of meeting the demands of investors, companies and financial institutions. That is the path to changing the market’s scalability,” Xirau said.

Prediction markets enter the agenda

Another block that energized the stage was the one dedicated to prediction markets, a theme gaining ground in discussions about new financial primitives. The CEO of Rain Protocol summed up the stance he believes the sector must adopt toward a tool still under construction.

“Prediction markets are a new frontier. We need to understand how they work before jumping in. There are new and exciting possibilities ahead. To block this new tool is not the answer, to understand is,” the executive said.

He described prediction markets as a completely new market primitive, in which probabilities themselves become tradable assets, unlocking entirely new ways to price risk, coordinate information, and build financial products.

For the Rain Protocol CEO, Brazil embraced innovation throughout the event and holds the talent, curiosity, and entrepreneurial spirit to become one of the global leaders in shaping the future of the sector.

“The quality of the discussion reflected the energy and openness of the Brazilian ecosystem,” he noted.

An agenda that cements the convergence

The fourth edition of the BeInCrypto Stage at Rio Innovation Week confirmed the movement running through every panel: the border between traditional finance and digital assets is growing ever thinner. On one side, exchanges such as Binance are advancing into fixed-income products and equities. On the other hand, banks and issuers like Nubank and Visa are folding stablecoins and onchain rails into their operations, while institutions such as BNY defend infrastructure as the precondition for scale.

To read “The Exodus Economy” report, click here.

The message that emerged from Píer Mauá is that the conversation is no longer about whether convergence will happen, but about how to build it with transparency, user protection, and rules proportional to risk.

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