Crypto World
Congress Pushes Odds of a Government Shutdown to December as Bitcoin Watches
The House passed a stopgap funding bill 220-205 on July 21, moving its proposed government-funding deadline from September 30 to December 4 and placing it after the midterms. This has led to the odds of a Government shutdown happening across all predition markets.
But that is no longer the full picture: on August 8, the Senate passed its own version 90-6, extending funding through December 11 instead. The two versions still need to be reconciled, meaning Congress has moved closer to avoiding an October shutdown without yet completing the process.
For Bitcoin traders, that distinction matters. The immediate September 30 cliff looks less threatening, but the underlying funding fight has largely been pushed deeper into the year rather than eliminated.
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Odds of a Government Shutdown: A Rescheduled Fight, Not a Settled One
The disputes behind the funding deadline were not settled by the July House vote. The House measure simply extended current funding largely at existing levels through December 4, while the Senate’s subsequent version would run through December 11 and contains provisions absent from the House bill.
The Senate bill also restricts the administration’s ability to redirect certain funds and temporarily blocks a White House rule requiring political review of federal grants. Those differences mean the legislation must return to the House before it can reach President Trump’s desk.
Meanwhile, House Republicans have separately advanced a $95 billion budget plan covering Iran-related defense and intelligence spending, farm assistance and parts of President Trump’s election-law agenda. The baseline appropriations fight has therefore been postponed rather than permanently settled.
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What the Prediction Markets Are Saying
Kalshi and Polymarket run event contracts that pay according to whether defined outcomes occur under each market’s resolution rules. The October 1 shutdown market therefore measures whether a shutdown occurs around that specific deadline, not whether another funding confrontation emerges in December.
That distinction has become even more important since the Senate vote. With both chambers now backing temporary funding beyond the midterms, the probability of an October shutdown should not be treated as a proxy for the broader probability of another fiscal confrontation later in 2026.
Prediction markets have also proved highly sensitive to congressional developments during previous funding fights. The Department of Homeland Security shutdown that began February 14, for example, generated large swings in contracts tracking when funding would return as negotiations evolved.
Why Bitcoin Traders Are Watching December Aside from the Odds of a Government Shutdown
Shutdown risk can matter for crypto because fiscal uncertainty, liquidity expectations and broader risk sentiment can all influence Bitcoin. But the relationship is not mechanical, and a shutdown by itself does not guarantee either a Bitcoin rally or decline.
Arthur Hayes has separately argued that potential Federal Reserve intervention to support the Japanese yen could expand dollar liquidity and ultimately benefit Bitcoin. His broader liquidity thesis makes the policy response surrounding fiscal or monetary stress potentially more important for Bitcoin than the political event itself.
A December funding standoff would also arrive after the midterm elections and during year-end market positioning. For traders considering a liquidity-driven framework, the key issue is therefore not only whether a shutdown occurs, but what fiscal and monetary conditions develop around it.
Bitcoin’s Other Near-Term Catalysts
On August 12, Bitcoin remained below $65,000 after briefly reaching about $65,200 earlier in the week. The congressional funding timeline is only one of several macro variables influencing the market.
July CPI is due on August 12, leaving the Federal Reserve’s September decision sensitive to another inflation surprise. Market expectations remain divided over whether policymakers could raise rates again, meaning a hotter-than-expected inflation print could reset the rate outlook independently of developments in Congress.
The Strait of Hormuz relief trade has also unraveled after President Trump demanded decades of compensation from Iran, pushing oil prices higher. Bitcoin has struggled to establish a sustained move above $65,000 amid the renewed geopolitical uncertainty.
That leaves Bitcoin exposed to several simultaneous catalysts: inflation, Federal Reserve expectations, oil prices, Iran-related developments and the evolving U.S. funding negotiations. Any attempt to attribute its next move solely to shutdown odds would therefore oversimplify the macro picture.
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The post Congress Pushes Odds of a Government Shutdown to December as Bitcoin Watches appeared first on Cryptonews.
Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, has named HashKey Exchange as an authorized distributor for its Hong Kong dollar stablecoin, HKDAP. The move is designed to broaden eligible institutionsâ and professional investorsâ access to the fiat-backed token as Hong Kongâs regulated stablecoin framework continues to roll out.
In a Tuesday announcement, the companies said the distribution arrangement is part of a beta phase. HashKey reported that it has already completed its first HKDAP minting and redemption cycle with eligible clients, including both fiat on-ramps and off-ramps. Anchorpoint and HashKey also indicated that they intend to expand distribution over time and assess additional applications for HKDAP, such as cross-border payments, settlement workflows, and tokenized finance.
Key takeaways
- HashKey Exchange has been added as an authorized distributor for Anchorpointâs HKDAP, expanding regulated access to the Hong Kong dollar stablecoin.
- The rollout is in beta, with HashKey already completing an initial HKDAP minting and redemption transaction using eligible clients.
- Anchorpoint plans to widen distribution and explore use cases beyond payments, including settlement and tokenized finance.
- HKDAP is positioned as âHKD At Par,â aiming to act as tokenized money within Hong Kongâs licensed stablecoin market.
Why the HashKey distribution matters for Hong Kongâs regulated stablecoin rollout
Distribution partners are often the practical bridge between an issuerâs compliance setup and the end-user access that determines whether a regulated stablecoin can scale. By authorizing HashKey Exchange to distribute HKDAP during a beta phase, Anchorpoint is effectively widening the number of institutional and professional channels through which the token can be minted, redeemed, and used.
HashKeyâs confirmation that it has already completed an initial minting and redemption transaction is notable because it signals that at least part of the operational rails are liveânot just planned. The inclusion of fiat on- and off-ramping in that first cycle also points to a focus on converting between traditional currency and the tokenized asset in a way that can support real transaction flows.
The companies framed the arrangement as expandable over time. For market participants watching Hong Kongâs stablecoin regime, the next question is how quickly authorized distribution can broaden beyond the initial set of participants, and whether additional ecosystem services will integrate HKDAP for payments and settlement.
What HKDAP is, and Anchorpointâs regulatory positioning
HKDAPâshort for âHKD At Parââis described as a regulated Hong Kong dollar stablecoin intended to function as tokenized money for payments and other financial transactions. Anchorpointâs role as the issuer is anchored in Hong Kongâs licensing process: the company was among the first to receive a stablecoin issuer license from the Hong Kong Monetary Authority.
Anchorpoint is a joint venture involving Standard Chartered Bank (Hong Kong), HKT, and Animoca Brands. According to earlier coverage by Cointelegraph, the venture was established in April 2025. Cointelegraph previously reported on the earlier plans by Standard Chartered and Animoca Brandsâtogether with HKTâto launch a Hong Kong dollar-backed stablecoin.
As these licensing milestones are reached, the industry typically shifts from âpermissioningâ to âdistribution and adoption.â In that sense, the HashKey beta rollout can be read as a step toward converting regulatory approval into day-to-day market usage.
Hong Kong dollar stablecoins could growâif adoption data catches up
Hong Kong dollar-backed stablecoins may have the potential to become a meaningful segment of the broader stablecoin market, particularly given the cityâs push for regulated issuance and supervision. A 2025 Citi report cited by the articleâs underlying coverage estimated that stablecoin circulation in Hong Kong could reach $16 billion after the introduction of the local licensing regime.
Even so, observers face a data challenge. For now, US dollar-pegged tokens remain the clear majority of the global stablecoin market, while synthetic stablecoins are another smaller, emerging category. Reliable, public information on how much HKD-pegged supply exists and how widely it is used remains limited, making it difficult to judge where Hong Kong dollar stablecoins currently stand relative to that growth forecast.
Meanwhile, broader stablecoin activity has continued to intensify. The same underlying reporting points to Bernstein data showing that the combined adjusted transaction volume of USDC and USDt reached roughly $3.8 trillion in the first quarter of the year. While that figure does not measure HKDAP directly, it does underline that stablecoins remain central to large-scale on-chain transaction activityâcreating a potentially supportive backdrop for new fiat-pegged entrants once distribution and liquidity deepen.
Next steps: broader access, more use cases, and what to monitor
Anchorpoint and HashKey said they plan to expand distribution over time and explore additional uses for HKDAP beyond basic minting and redemption. The proposed directionsâcross-border payments, settlement, and tokenized financeâare closely tied to where tokenized currencies can deliver operational benefits, such as faster settlement cycles and programmable settlement for financial transactions.
For investors, traders, and institutional builders, the most actionable signals to watch will likely include how quickly distribution expands to more eligible counterparties, whether HKDAP liquidity improves across participating venues, and what concrete integrations emerge for payments and settlement. Just as important, market participants will want clearer visibility into HKDAP adoption over timeâespecially once Hong Kong dollar stablecoin activity becomes more measurable and comparable across issuers and channels.
As the beta phase progresses, the real test will be whether HKDAP can move from a licensed token concept into a consistently used fiat railâone supported by distribution partners like HashKey and by credible, repeatable minting/redemption demand from regulated participants.
The SEC issued joint guidance with the CFTC last week, classifying digital assets into five categories: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities, signaling that the agency will build its own crypto regulatory framework rather than wait indefinitely for the Senate’s stalled CLARITY Act.
The move gives exchanges, token issuers and traders a working jurisdictional map, but it’s an interpretation, not statute, and that distinction matters for anyone pricing regulatory risk into crypto positions.
This latest CLARITY Act news comes as the crypto market braces for today’s CPI data, which could shake Bitcoin out of its current consolidation around $64,000. The direction, though, is yet to be determined.
CLARITY Act Alternative: A Taxonomy Built for Speed, Not Statute
Under the new SEC-CFTC breakdown, the first four asset categories generally fall outside securities law, leaving digital securities as the only bucket firmly under SEC jurisdiction – though the agency notes it can still assert authority over specific nonsecurity assets in particular cases. That’s the ambiguity market structure legislation was supposed to erase, and it’s why the guidance reads as a stopgap rather than a settlement.
Ian Katz, managing partner at Capital Alpha, framed the calculation regulators are making given how slow formal rulemaking moves. “They’re not completely putting the brakes on, waiting for legislation,” he told The Hill.
SEC Chair Paul Atkins made the same point more bluntly at the DC Blockchain Summit, framing the guidance as overdue rather than optional.
“For over a decade, market participants have operated without clear guidance on the fundamental question – does a crypto asset implicate federal securities laws? So today, I’m pleased to announce that the SEC’s persistent failure to provide clarity on this question is over,” Atkins said.
Atkins also previewed a broader framework built around a startup exemption, a fundraising exemption and a safe harbor for crypto assets that have outgrown securities treatment, pieces that would normally live in statute, not agency interpretation.
BREAKING: — Vivek Sen (@Vivek4real_) August 11, 2026
SEC JUST ANNOUNCED TO HOLD A MAJOR MEETING ON CRYPTO CLARITY ACT IN THE NEXT 4 DAYS
PRESIDENT TRUMP WILL SIGN THE CLARITY ACT SOON
IT'S FINALLY HAPPENING 
pic.twitter.com/9A3aSyVVF4
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The Senate’s Stablecoin Standoff
The House passed the CLARITY Act last July, but the Senate is divided, with the Agriculture committee advancing its section without Democratic votes and the Banking committee facing setbacks, including losing Coinbaseâs support.
A key issue is stablecoin rewards, with banks seeking tighter restrictions, while the crypto industry argues this hinders their competitiveness. President Trump criticized the banks for undermining the GENIUS Act and urged swift action on market structure.
Senators Angela Alsobrooks and Thom Tillis have reportedly reached a bipartisan agreement on rewards, though details are vague. David Carlisle from Elliptic noted that the SEC and CFTC’s joint interpretation provides needed assurance amid the ongoing legislative uncertainty.
What Happens Next
Even if the Senate Banking Committee marks up its bill in April as targeted, lawmakers would still need to merge it with the Agriculture Committee’s version, clear a 60-vote floor threshold, and reconcile the result with the House’s CLARITY Act, all before midterm politics freeze legislative activity.
Sen. Bernie Moreno put a hard number on the risk: “If we don’t get the CLARITY Act passed by May, digital asset legislation will not pass for the foreseeable future.”
For traders, that timeline is the variable worth tracking over policy headlines about the guidance itself. An SEC interpretation can be revised or withdrawn by a future commission without a congressional vote, while a passed statute can’t.
This is a gap that has already shown up in how institutional flows have responded to the delay, and one that will continue to matter for how much durable pricing power crypto regulation actually carries this year.
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The post SEC-CFTC Crypto Map Advances as Clarity Act Stalls appeared first on Cryptonews.
Just a day after real-time flight tracking website FlightAware filed a lawsuit against prediction markets platform Kalshi over use of its name and data, the flight data company gave notice of voluntary dismissal of the case.Â
In a Tuesday filing in the US District Court for the Southern District of New York, attorneys for FlightAware said that they had voluntarily dismissed the case against Kalshi. The flight tracking company had filed the lawsuit a day earlier, claiming that Kalshi had used its âdata and name to run gambling markets on flight cancellations.â
While the immediate turnaround could suggest a closed-door settlement, neither company had publicly commented on the case as of Wednesday. On Tuesday, a judge ordered Kalshi to show cause why the court should not issue a temporary restraining order over FlightAwareâs trademark and data.Â
Notably, at least one event contract showed that Kalshi had changed its language from âFlightAwareâ to âPrimary Source Agencyâ as the entity responsible for verifying data related to the outcome of flight cancellations, including that the trade did not âindicate an endorsement of this product or any affiliationâ between FlightAware and Kalshi. Primary Source Agency linked to FlightAwareâs website. Cointelegraph reached out to the companies for comment but did not receive an immediate response.
Side-by-side comparison of event contract citing FlightAware data before the lawsuit was dropped (left) and after (right). Source: Kalshi
Related: Kalshi launches sports and crypto perps data feed on DoubleZero
FlightAwareâs suit had alleged trademark infringement, breach of contract, injury to its reputation and unfair competition in the latest legal action involving prediction market companies. Kalshi, Polymarket and other prediction market companies face legal action brought by many US state gaming authorities and regulators over alleged illicit sports betting offered to residents.
CFTC still at odds with state authorities over prediction markets
On Tuesday, the US Commodity Futures Trading Commission (CFTC), whose chair Michael Selig has repeatedly claimed the agency has âexclusive jurisdictionâ over prediction markets, said it had invoked âemergency authorityâ to block New York state officialsâ attempts to seek a temporary restraining order prohibiting the company from offering event contracts nationwide. The action followed New York authorities filing a lawsuit against Kalshi in July, alleging that the company was operating an unlicensed gambling platform through its contracts on sports and other events.
The CFTC decision echoed the agencyâs actions in a Michigan case over Kalshi. In June, a Michigan judge ordered the company to stop offering sports betting contracts to residents until the civil case reached a conclusion. However, the CFTC under Selig ordered Kalshi not to comply with the state order â something the companyâs head of enforcement and legal counsel said put it in an âimpossible positionâ between US state and federal orders.
Magazine: El Salvadorâs Bitcoin experiment turns 5: âIt was for us, not themâ
Bitcoin remains trapped in a broad consolidation phase, with the price struggling to break above the descending resistance that has governed the market for several months. At around $63.5K, BTC is showing some short-term recovery, but the broader structure remains cautious until the key resistance zones are decisively broken.
Bitcoin Price Analysis: The Daily Chart
The daily chart shows Bitcoin trading below a descending trendline that connects the major highs since the beginning of the year. The trendline currently sits around the $66K area, making this the first major hurdle for the buyers. A daily breakout above this resistance would represent an important structural improvement and could open the door toward the $74K resistance zone.
The broader trend remains bearish-to-neutral; however, BTC is still trading below the major moving averages displayed on the chart. The longer-term moving averages are sloping downward, reinforcing the significance of the descending trendline.
On the downside, the $60K area represents an important support zone, while the broader $54K region is the next major demand area visible on the chart. Holding above these levels keeps the current consolidation structure intact, whereas a sustained breakdown could signal another leg lower.
BTC/USDT 4-Hour Chart
The 4-hour chart provides a more constructive picture in the short term. Bitcoin has been forming a tightening structure, with an ascending support trendline converging toward a descending resistance trendline. The price is currently around $64K, leaving the market relatively close to the upper boundary.
The key resistance is concentrated around $66K-$67K. A clean breakout above this zone, particularly if accompanied by a sustained move beyond the descending trendline, could trigger a continuation toward the $66K-$67K area and potentially higher.
Conversely, the rising support line and the $62K zone are the most important levels to watch on the downside. A break below this area would weaken the short-term bullish structure and could expose BTC to the $60K support zone again.
The 4-hour RSI has also rebounded from near-oversold conditions and is now recovering toward the middle of its range. This points to improving momentum, although it is not yet strong enough to confirm a sustained upside breakout. For now, the market appears to be waiting for a decisive break from the tightening range.
Sentiment Analysis
The funding-rate chart provides an interesting contrast to Bitcoin’s price action. Funding rates were deeply negative during the sharp sell-off earlier in the year, with several significant spikes below zero as BTC traded around the $70K-$80K region. This indicated that bearish positioning had become particularly aggressive.
Since then, funding has gradually normalized and has turned predominantly positive. The latest reading is around 0.006%, while Bitcoin is trading near $64K. This suggests that leveraged long positioning has returned, but the funding rate is not yet at an extreme level comparable to the highly crowded periods over the past few years.
That is broadly constructive, although it also introduces some short-term downside risk. If BTC fails to break the $65K-$67K resistance area while funding remains positive, long positions could become vulnerable to a liquidation-driven pullback. Conversely, a breakout accompanied by only moderately positive funding would provide a healthier setup, as it would suggest that the move is not being driven by excessive leverage.
The post Bitcoin Price Analysis: What Does BTC’s Bearish Market Structure Signal Next? appeared first on CryptoPotato.
Flash.Trade founder Anas Khader gave three reasons for shutting down his Solana perps exchange on Aug. 7, and the second one named the Solana Foundation. Four days later the Foundation's president was publicly rejecting the word "kingmaking." The underlying discussion is how an organization with a… Read the full story at The Defiant
For the first time, TIME will publish a ranking of America’s Most Innovative Companies, in partnership with Statista, a leading international provider of market and consumer data and rankings. Innovation within a company can take many forms. For this ranking, three dimensions will be considered: product innovation, process innovation, and innovation culture. To identify the most innovative companies in the U.S., comprehensive surveys will be conducted. Employees will evaluate their own employers, providing an internal assessment of innovation; experts will recommend and evaluate companies they are familiar with, contributing an external perspective; and the strength of a companyâs patent portfolio will be evaluated as an objective criterion. The survey results and objective criterion will be combined into a single score.
Norwayâs sovereign wealth fund has earned a record 1.75 trillion kroner, or about $184.3 billion, in the first half of 2026 while disclosing a $1.22 billion investment in SpaceX for the first time.
Summary
- Norwayâs sovereign wealth fund generated a 9.4% return during the first six months of 2026.
- Asian technology stocks helped lift first-half profit to a record 1.75 trillion kroner.
- The fund owned a 0.05% SpaceX stake worth $1.22 billion as of June 30.
- Its 10 largest investments now account for about 20% of the total portfolio.
Asian technology stocks drove the record profit
Norges Bank Investment Management reported on Aug. 12 that the Government Pension Fund Global produced a 9.4% investment return during the first half of 2026, taking its profit to 1.75 trillion Norwegian kroner.
The result surpassed the previous first-half record of 1.5 trillion kroner, set in 2023. Gains across global equity markets supplied much of the return, with Asian technology companies making an especially strong contribution.
âThe result is driven by good returns in the equity market, particularly from Asian technology stocks,â NBIM CEO Nicolai Tangen said.
After losing 2.6% during the first quarter, the fund recovered as technology and semiconductor stocks advanced in the following three months. The Wall Street Journal reported that its investments returned 11.5% in the second quarter, the best quarterly performance in six years, while equities gained 16% over the period.
Currency movements had reduced the fundâs value by 427 billion kroner during the first quarter. Its market value then increased from 19.998 trillion kroner at the end of March to 22.683 trillion kroner, or about $2.3 trillion, as of June 30.
The fund received net inflows of 89 billion kroner during the first half after expenses, according to the Journal. Norway deposits revenue from its oil and gas industry into the portfolio, which invests abroad to spread the countryâs wealth across global markets.
Operating under a mandate set by Norwayâs Ministry of Finance, NBIM manages investments across equities, fixed-income securities, unlisted real estate, and renewable energy infrastructure. The portfolio contains holdings in about 7,100 companies across more than 50 countries and owns an average of nearly 1.5% of all listed shares worldwide.
Norway wealth fund has disclosed its first SpaceX stake
Alongside the half-year results, NBIMâs updated holdings list showed that the fund owned about 7.3 million Class A shares in SpaceX on June 30. The position represented 0.05% of Elon Muskâs aerospace company and carried a value of roughly $1.22 billion.
NBIM had not previously reported an investment in SpaceX. Deputy CEO Trond Grande said in April that the fund was discussing a possible investment with the company before SpaceX completed its U.S. listing in June.
SpaceX sold 555.6 million shares for $135 each on June 12, raising about $75 billion at a valuation near $1.75 trillion. The offering became the largest initial public offering in U.S. history, according to earlier IPO coverage by crypto.news.
Goldman Sachs led the underwriting group alongside Morgan Stanley, Bank of America Securities, Citigroup, and JPMorgan. SpaceX also allocated 30% of its offering to individual investors, compared with the smaller retail portions commonly offered in large U.S. listings.
Shares opened at $150 and climbed sharply during the companyâs first trading sessions before losing part of those gains. NBIMâs investment remains small beside several early SpaceX backers, including Alphabet, whose second-quarter filing revealed a stake valued at $94.1 billion.
Google joined Fidelity in a $1 billion SpaceX funding round in 2015. As reported in July, Alphabetâs resulting position equaled about 6% of the newly listed company, although some of the shares remained subject to sale restrictions.
U.S. investors gained SpaceX exposure through major indexes
SpaceXâs public listing has given U.S. investors several routes to hold the company through shares, funds, and index-linked products. The stock entered the Nasdaq-100 on July 7, creating demand from funds that follow the U.S. technology index.
An estimated $4.3 billion in passive buying was tied to the addition, according to the earlier crypto.news report. Index-tracking funds generally purchase newly included companies to keep their portfolios aligned with the benchmark, exposing their shareholders to SpaceX without requiring a direct stock purchase.
SpaceX also connects the Norwegian fundâs new holding with the digital-asset market. The company disclosed 18,712 Bitcoin on its balance sheet following its IPO, with the position valued at about $1.2 billion around the time of its listing.
Under U.S. accounting rules adopted by the Financial Accounting Standards Board, public companies measure eligible crypto holdings at fair value. Changes in the value of SpaceXâs Bitcoin can therefore affect its reported earnings, although the asset represents only a small part of the companyâs total market capitalization.
A July valuation analysis found that the Bitcoin position represented about 0.076% of SpaceX when the company was valued near $1.56 trillion. The calculation challenged descriptions of SPCX as a major Bitcoin proxy because an ordinary daily move in its stock could change more market value than its entire cryptocurrency holding.
NBIMâs SpaceX stake consequently provides the Norwegian fund with a small amount of indirect Bitcoin exposure. Based on its 0.05% ownership and SpaceXâs disclosed balance, the fundâs share of the companyâs Bitcoin would be economically minor and does not constitute a direct purchase by NBIM.
Large technology holdings now make up more of the portfolio
Technology companies already occupy several of the largest positions in the Norwegian fund. At the end of June, NBIM owned a 1.28% stake in Nvidia valued at about $62 billion, making the chipmaker its biggest disclosed technology investment.
Apple followed with a position worth approximately $52 billion, while Alphabet accounted for about $50 billion. Its Microsoft and Taiwan Semiconductor Manufacturing holdings were valued at around $35 billion and $34 billion, respectively.
The figures place five technology companies among the fundâs most valuable investments. U.S.-listed equities account for about 40% of the total portfolio, giving American companies a large role in its performance even though Asian technology shares led the first-half gains.
During the results presentation, Tangen said the fundâs 10 largest holdings now represent roughly 20% of its total value. He identified the growing concentration of large technology companies as a risk for a portfolio designed to spread investments across thousands of businesses and several asset classes.
Equities make up more than two-thirds of the fund. The remaining assets are mainly fixed-income securities, along with smaller allocations to unlisted real estate and renewable energy infrastructure.
Crypto market maker Wintermute plans to invest about $1 billion in high-frequency trading and artificial intelligence data-center infrastructure over five years as it expands into stocks, commodities and foreign exchange.
The London-based firm wants non-crypto markets to generate more than 50% of revenue by the end of 2027, up from 10% now, according to a Bloomberg report citing founder and CEO Evgeny Gaevoy. Wintermute expects to fund the spending with retained earnings.
The push follows a drop in crypto activity. Wintermuteâs average daily trading volume fell to about $10 billion this year from $15 billion in 2025 as bitcoin declined to roughly half its October peak above $126,000.
Institutions accounted for a record 72% of spot trading volume on its over-the-counter desk in the first half of 2026.
Gaevoy said the privately held company was profitable in 2025 and expects to remain profitable this year, without providing figures. Wintermute recorded $582 million in profit during the 2021 crypto bull market, according to Forbes.
Crypto OG and self-proclaimed âfinancial educatorâ Tone Vays has admitted he was an âidiotâ for giving hackers remote access to his PC during an hour-long Microsoft Teams interview.
According to Vays, the hackers, who claimed to run a legitimate YouTube Channel, downloaded Trojan malware onto his computer using the screen sharing fuction.
When he realised what happened, he disconnected his PC, reinstalled his operating system, and skipped saving any files.Â
âI was an idiot and gave them access control permissions,â he explained.
Read more: Solana DEX Stabble urges liquidity exit after alleged DPRK mole revealed
Vays claims that everything looks âOK,â and said that he doesnât store any Bitcoin credentials or password details on his PC.Â
He compared the incident to what happened to a fellow Bitcoin educator Jimmy Song. In March, Song admitted that his Telegram was likely hacked by North Korea and used to set up fake Zoom calls with Songâs contacts with the intention of uploading malware.Â
Vaysâ recent experience, however, appears to have scared him away from strangers and Microsoft Teams.
Indeed, he claimed he âwill no longer do interviews unless Iâm friends with the person. Will also never use software like Zoom or Teams or any other download, only web interfaces like Google meets.â
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
Bitcoin has already been cut nearly in half from its 2025 peak. ChatGPT AI predicts the punishment may end with an explosive reversal, with its latest Bitcoin price prediction targeting $120,000 by the end of 2026 and a stretch toward $140,000.
The call from Sam Altmanâs OpenAI chatbot asks Bitcoin to nearly double from $63,593. That sounds aggressive until you look at where the money could come from.
US spot Bitcoin ETFs have already absorbed roughly $52.1 billion in cumulative net inflows, including 5 straight positive sessions from August 3-7. The SECâs approval of in-kind creations and redemptions also gives institutional investors a more efficient route into crypto ETFs.
Washington is shifting too. The US Strategic Bitcoin Reserve keeps reserve BTC off the market while directing Treasury and Commerce officials to explore budget-neutral ways of acquiring more Bitcoin.
Then there is the retirement market. Digital assets now have a wider path into 401(k) portfolios, while further progress on the CLARITY Act could strip away another layer of regulatory uncertainty.
Bitcoin only has 21 million coins. Put stronger ETF accumulation, broader retirement access and easier monetary conditions against that fixed ceiling, and the supply-demand equation can change fast.
But the trade can break the other way. High rates, recession pressure or sustained ETF withdrawals could trap Bitcoin below $70,000 and send it back toward $50,000-$55,000.
[crypto-chart coin=”bitcoin”]
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AI Predicts Bitcoin Price: BTC Has to Escape the $60,000s First
The chart makes ChatGPTâs $120,000 target look distant. Bitcoin has fallen from above $120,000 and spent months printing lower highs before finally finding buyers around $60,000.
That selloff has now given way to a tight base around $60,000-$66,000. Holding $60,000 keeps that base alive, while $68,000-$70,000 is the first serious barrier bulls need to reclaim.
Bitcoin closed at $63,593, down 0.50% on the day after trading between $63,174 and $64,447. Above $70,000, the chart opens toward the previous $76,000-$82,000 recovery zone.
RSI reads 46.55 against a 49.82 signal line. That 3.27-point deficit puts sellers slightly ahead, but neither side has enough momentum to control the market decisively.
For now, Bitcoin is compressing rather than collapsing. A clean break from this base would be the first chart signal that ChatGPT AIâs road toward $120,000 has actually begun.
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Bitcoin at $120,000? Kalshi Lets Traders Put a Price on the Outcome
Forecasts are easy to publish. Kalshi turns them into markets where traders can take a position on what actually happens.
That makes a call like ChatGPT AIâs $120,000 Bitcoin target more than something to debate. Traders can use prediction markets to gauge how real money prices future crypto outcomes, alongside elections, economics, technology and other major events.
For readers watching whether Bitcoin can turn this $60,000 base into a six-figure comeback, Kalshi offers another signal worth following: what the market itself is willing to bet on.
â Get up to $25 to trade your first market on Kalshi
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The post ChatGPT AI Predicts Bitcoin Will Test This Level Before The End of 2026 appeared first on Cryptonews.
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