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Bitcoin killed the BIP-110 fork in two blocks. Now its backers want out entirely. They are targeting September 1 for a proof-of-work change that would abandon Bitcoin’s miners and launch a separate coin.

The pivot turns a failed rule change into something much bigger. A movement that wanted to clean up Bitcoin now wants to leave it.

A Breakaway Coin by September 1?

BIP-110’s supporters spent the weekend watching their chain freeze. By Sunday, the proposal’s pseudonymous author, Dathon Ohm, had recast the defeat as an attack.

“Update: it appears that the large mining pools have colluded to turn Bitcoin from money into a toxic data dumping ground by executing a secret hardfork against the Bitcoin node network. The community is working on proposal for a proof-of-work change to fire the miners,” wrote Ohm.

Luke Dashjr went further. The Bitcoin Knots maintainer and OCEAN pool co-founder sits at the center of the movement. Asked about timing, he suggested September 1, the day BIP-110 would have activated.

A proof-of-work change swaps the puzzle that secures the chain. Every existing Bitcoin mining machine becomes useless on the new coin overnight. That ends any claim to a soft fork. It creates a rival coin living or dying on its own.

History offers a warning here. Bitcoin Cash broke away in 2017 with far more support and kept Bitcoin’s mining algorithm. Today, Bitcoin Cash (BCH) trades near $215, about 0.3% of Bitcoin’s price, per BeInCrypto data.

How Bitcoin Killed the BIP-110 Fork

The escalation follows a failure so fast it stunned even critics. BIP-110 proposed a temporary soft fork capping data sizes in transactions. The goal was to push Ordinals inscriptions and similar non-money content out of blocks.

The bar for activation was already low. Supporters cut the usual 95% miner approval threshold to 55%. Support still peaked at just 2.53%.

Then mandatory signaling began at block 961,632. Nodes enforcing the rules, shipped in Bitcoin Knots rather than Bitcoin Core, started rejecting blocks that did not signal. The network split exactly along the lines BeInCrypto flagged in its pre-fork holder warning.

Roughnecks, a small mining group on OCEAN’s platform, mined the fork’s only two blocks. It gave up on August 9 and told other miners to stop.

Tracking data from BIP110 Monitor shows the chain frozen at block 961,633, with Bitcoin now more than 240 blocks ahead.

Signaling in the current period sits at 0.00%. Worse, the fork kept Bitcoin’s full mining difficulty with almost no hashrate behind it. Each new block could take many hours.

Strategy executive chairman Michael Saylor, one of the proposal’s loudest critics, framed the outcome as proof the system works.

“Bitcoin worked exactly as designed. BIP-110 was free to fork, and the network was free not to follow. The result was decisive: about 99.85% of Bitcoin’s hashpower stayed with Bitcoin. The BIP-110 branch mined only two blocks and is already more than 80 blocks behind,” he wrote.

The gap has tripled since his post. Markets shrugged throughout. Bitcoin (BTC) trades near $64,722, up 0.6% in the past day, per BeInCrypto data.

Fallout Hits Dashjr and OCEAN

The wreckage now centers on one man. Murch, a Bitcoin Core contributor, filed a motion to strip Dashjr of his BIP Editor role. The motion accuses him of using editorial privileges to favor BIP-110 and cites conflict-of-interest concerns.

Dashjr did not immediately respond to BeInCrypto’s request for comment.

However, critics of the move argue it punishes an opinion rather than real process abuse. The fight revives a 12-year-old dispute over Dashjr’s place in the ecosystem.

His pool is in worse shape. OCEAN admitted it routed some customers’ hashrate to the minority chain for about 18 hours without clear consent. Its reported hashrate has since collapsed 96%. Angry miners now demand OCEAN leadership changes over the breach.

The fork question is closed. The harder ones are not. Bitcoin’s spam debate remains unresolved, and September 1 is now a live deadline. Whether a breakaway coin actually appears by then will show how far BIP-110’s backers are willing to go.

The post Bitcoin Killed the BIP-110 Fork: Breakaway Coin by September 1? appeared first on BeInCrypto.

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Optimism will not commit to running its OP buyback beyond the program’s first 12 months, the Foundation told BeInCrypto. Monthly purchases have already fallen 87%.

The buyback is the main source of demand for OP. It bought 6.95 million tokens in March. The following month it bought 926,000.

The Optimism Buyback Is Shrinking Fast

Optimism buys OP each month using up to half of Superchain revenue. Superchain is the group of blockchains running Optimism’s software. The program runs for one year.

Three purchases are on record, published by the Foundation on August 7:

• January revenue bought 1.57 million OP.
• March revenue bought 6.95 million.
• April revenue bought 926,000.

Spending is settled in ether. It fell from 367.9 ETH in March to 50.2 ETH in April. That April purchase was worth about $95,000. The three months together come to 513.9 ETH, or roughly $975,000.

Timing matters. Coinbase’s Base network left the OP Stack in February. Base was the largest chain in the group. OP fell 23% on that news, and Optimism cut more than 20% of its staff weeks later.

Asked what that means for revenue, the Foundation declined to project. It also stopped short of committing to the buyback past its current term.

“We will re-evaluate the buyback at the conclusion of its 12-month program, with feedback from the community. Historically, the Foundation does not discuss Superchain revenue forecasts or projections,” the Foundation said in written responses to BeInCrypto.

216 Million Tokens Are Still Coming

Optimism also updated the supply table in its budget report. It now shows 2.288 billion OP in circulation, up from the 2.161 billion first published.

“Please note that the numbers published in the ‘Finance Overview’ table were slightly out of date. We’ve since updated the data to accurately reflect the numbers,” the team added.

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The Foundation named a separate tracker as the record readers should follow, and explained the timing behind the gap.

“Larger ticket items are added usually on the first week of every month, which explains the gap in numbers.”

It also said the forecast has to be read against its budget calendar, which does not follow the calendar year.

“Note that our Fiscal Year Four started in May 2025 and went through April 2026, and Fiscal Year Five goes from May 2026 to April 2027. This means that we are already in Fiscal Year Five.”

On that basis the Foundation put circulating supply at 2,231.5 million at the close of last year. This year adds 272.9 million, ending at 2,504.4 million. BeInCrypto confirmed those figures.

Counted from the updated August number, about 216 million tokens are still to come. That is worth roughly $19.7 million, or 9% of what the token is worth today.

Buybacks have absorbed 9.45 million OP so far. That covers 4.4% of the supply still ahead.

Retro Funding and Airdrops Stay at Zero

Retro Funding, the grants program paused in January, is set at zero this year. The Foundation said the pause runs on its own 12-month clock.

“Once that 12-month period expires, the Collective will re-evaluate the program and its connection to Optimism’s strategy. Historically, moreover, the Foundation doesn’t provide any guidance on airdrops.”

That review falls inside the current budget year. Two of Optimism’s biggest levers, the buyback and Retro Funding, now sit behind reviews rather than commitments.

OP traded at $0.091 on Monday, up 3.1% on the day and about 12% over 30 days. The token is holding up. The question is whether it still does once the next tranche unlocks.

The post Optimism Won’t Commit to OP Buyback Beyond 12 Months as Purchases Fall 87% appeared first on BeInCrypto.

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Ripple’s XRP remains under sustained selling pressure, with the latest price action pushing the asset back into a critical support area around $1.01-$1.04. Although this zone has attracted buyers before, the broader structure continues to favor sellers, making the current reaction particularly important for the next directional move.

Ripple Price Analysis: The Daily Chart

On the daily timeframe, XRP is trading near $1.03 after gradually declining back into the $1.01-$1.04 support zone. This marks another test of an area that already produced notable reactions in late June, yet the latest approach is occurring with relatively weak bullish momentum.

More importantly, the broader trend remains decisively bearish. The price continues to trade inside the large descending channel and well below all moving averages shown on the chart.

The recent sequence of lower highs also remains intact. The previous rebound was rejected around $1.14-$1.15, well before XRP could challenge the more important $1.24-$1.29 resistance zone. Therefore, buyers are increasingly dependent on the $1.01-$1.04 support area holding.

A convincing breakdown below $1.01 would weaken the structure further and could expose the lower $0.88-$0.93 demand zone, which also sits closer to the descending channel’s lower boundary. Conversely, defending current support could produce another relief rebound, but the asset would still need to reclaim higher resistance levels before the broader bearish outlook materially changes.

XRP/USDT 4-Hour Chart

The 4-hour chart highlights the immediate pressure more clearly. Since the late-July rejection, XRP has continued printing lower highs beneath the descending trendline, while successive rebounds have become increasingly shallow.

Most recently, the price broke into the $1.01-$1.04 support zone and briefly dipped toward roughly $1.02 before attempting to stabilize. However, the response has so far been modest, with XRP consolidating near $1.03 rather than producing an impulsive recovery. This suggests buyers are defending the area, but have not yet demonstrated enough strength to shift short-term momentum.

The first meaningful improvement would require price to reclaim the descending trendline, currently approaching the $1.07 area. Beyond that, the $1.13-$1.15 resistance zone represents the more important hurdle, as the previous rally was rejected at this region.

Until these levels are reclaimed, the possibility of another liquidity sweep below the recent lows remains elevated. A decisive loss of the $1.01-$1.04 support zone would confirm renewed bearish continuation and shift attention toward sub-$1 levels. Alternatively, a strong rejection from the current support followed by a breakout above the descending trendline could initiate a more substantial recovery toward $1.13-$1.15.

The post Ripple Price Analysis: What Are XRP’s Next Targets if $1.00 Support Cracks? appeared first on CryptoPotato.

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Forget the daily noise for a moment and look at the supply side. Gemini AI predicts a compounding shock from the fourth halving carries Bitcoin from $65,100 upward, and the price prediction lands at $150,000 to $180,000 by the close of 2026.

That halving effect sits at the center of the argument. Issuance keeps shrinking while demand channels multiply around it.

Institutional spot ETF inflows are accelerating alongside it. Corporate treasury adoption adds a second buyer category that does not sell easily.

Global monetary easing cycles supply the macro backdrop. Cheaper money historically flows into scarce assets first.

Growing legislative support for strategic sovereign reserves completes the picture. Gemini treats the combination as a structural supply and demand imbalance rather than a trade.

The downside is described as slight. Prolonged high interest rates would delay every part of the easing thesis.

Macro recession risks form the second concern. Unexpected regulatory pushback is the third.

Any of those could pull price back to test strong support near $48,000 to $52,000. Gemini still frames that as temporary and favors high-conviction expansion to new all-time highs.

Bitcoin (BTC)

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Bitcoin Price Prediction: Scarcity Math Versus A Chart That Has Gone Nowhere

The daily view shows a market well past its peak. Bitcoin traded near $126,000 in October before the trend broke. November started the decline toward $88,000. February brought the sharpest leg, cutting price from $92,000 to roughly $59,000.

Spring staged a real recovery to about $84,000 by May. June reversed it completely, returning Bitcoin near $57,000. July and August have been quieter. Price has built a slow grind higher with a steady sequence of higher lows.

The close reads $65,042, up 0.29% and $185 on the day. The session traded between $64,780 and $65,333.

Support sits at $62,000 first, then $57,000 at the June low. Resistance stacks at $68,000, $72,000 and $80,000. RSI reads 55.37 against a signal line at 50.45. That gap of roughly 5 points leans bullish, showing buyers with a modest advantage.

Both lines sit above the midline now. Momentum has improved without becoming stretched.

Gemini is describing a supply squeeze the chart has not priced. A push through $68,000 would be the first sign the market is starting to agree.

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The post Google Gemini AI Predicts a Bitcoin Price Swing Nobody Is Pricing In appeared first on Cryptonews.

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BTC USD is trading at $64,950, up a modest +0.2% on the day, after briefly punching through $65,400 in early August 10 trading. That’s not a breakout yet, as it’s already lost the $65,000 level. The bigger question is whether Wednesday’s inflation print turns this into a real move or sends BTC back toward the low $64,000s. As things stand, Bitcoin is holding steady above $64K and until $64,500 is lost, there is no real reason to panic.

The setup is straightforward on paper, messier underneath. Friday’s payroll data showed the US economy shed 23,000 nonfarm jobs in July, with unemployment holding at 4.1% and a combined 103,000 jobs erased from May and June revisions, according to the Bureau of Labor Statistics.

Weak hiring cooled expectations for further Fed tightening, and BTC gained nearly 2% on the initial reaction. That move has held for three sessions now, but $65,000 hasn’t converted into firm support; it’s still a coin flip level.

Institutional flows are backing the bid. CoinGlass clocked $854M in net spot ETF inflows from Aug. 3–7, with BlackRock’s IBIT pulling in roughly $694M of that. Farside’s daily figures over the same window total closer to $865M, a minor discrepancy but not one that changes the direction of travel. The next macro catalyst lands Wednesday at 8:30 a.m. ET, when the July CPI report either confirms the disinflation narrative or forces traders to reprice rate-cut odds.

Can BTC USD Price Hit $66,300 This Week if $64K Holds?

BTC’s current range sits between support near $64,700–$64,800 and resistance stacked at $65,300–$66,300. Coinlore places the intraday band at $63,790–$66,325, with $65,469 as first resistance, then $67,081, then a stretch target near $78,085 if momentum actually builds.

TradingView notes BTC has been range-bound for roughly two months, with the monthly open sitting near $62,700, a reminder that this “recovery” is still inside a broader sideways channel, not a new trend.

Bull case: A soft CPI print extends the payroll-driven rally, ETF inflows continue, and BTC clears $65,469 to test $67,000.

Base case: CPI comes in mixed, BTC oscillates $64,000–$66,000 into next week.

Bear case: Hot inflation data revives rate-hike chatter; three Fed officials already favored a hike in July, per the Fed’s own statement, and BTC slips back under $64,700. For longer-range targets, see this 2026 Bitcoin forecast breakdown.

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Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels

A $65,000 BTC USD holding steady on ETF demand is bullish confirmation for anyone already positioned. But at a $1.3 trillion-plus market cap, a move to $67,000 is a 3% gain, not the kind of asymmetric return that rebuilds a portfolio.

That math is exactly why traders keep rotating capital into Bitcoin’s own infrastructure layer while the base asset consolidates. Some are also weighing near-term technical setups covered in this breakout-level analysis.

Bitcoin Hyper ($HYPER) is billing itself as the first Bitcoin Layer 2 with native SVM integration, smart contracts running faster than Solana itself, and settlement under Bitcoin-grade security.

The presale has raised $33,018,140.08 at a current token price of $0.0136844, with staking APY on offer (rate undisclosed, but live).

Core features include a Decentralized Canonical Bridge for BTC transfers and low-latency L2 execution designed to fix Bitcoin’s two oldest problems: fees and programmability.

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The post BTC USD Price Prediction: Can Bitcoin Hold $64,000 Before Wednesday’s CPI Data Drop? appeared first on Cryptonews.

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