Crypto World
BitMart Reverses Shutdown Decision, What Changed?
BitMart says it may reopen parts of its exchange, weeks after telling users it was closing for good.
The reversal landed on Friday. That is five days before the August 26 deadline that was set to stop all trading on the platform.
A Shutdown That Was Meant to Be Permanent
BitMart published its exit plan on July 26. New sign-ups, deposits, and new orders stopped the same morning. The schedule was firm. All trading was due to end on August 26. The platform itself would go dark on January 31, 2027.
The exchange blamed no crisis. Its notice pointed to operating conditions, the market, and future strategy. There was no mention of missing money.
Traders did not read it that way. BitMart Token (BMX) crashed 46% overnight to about $0.11. The token now trades near $0.0626, up 6% on the day following a surprising announcement.
One Word in the New Notice Changes the Story
Friday’s update reads like good news at first glance. BitMart says it is building a restructuring plan instead of a full wind-down.
Then comes the detail. Any phased restart would run “alongside distributions to creditors.”
That word matters. Creditors are people owed money. Exchanges that simply pause for market reasons do not pay out creditors.
BitMart has also hired White & Case as restructuring counsel. The firm is one of the largest insolvency practices in the world. Companies bring in that kind of help when a balance sheet needs fixing, not when a market recovers.
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Analysts Had Called the Closures a Healthy Reset
The July shutdowns drew a strangely upbeat response. Several analysts read them as the market clearing out weak venues.
Moonrock Capital founder Simon Dedic argued the model behind many exchanges had run out of road.
Crypto Banter chief executive Ran Neuner added that bottoms form when the fittest survive. Both readings assumed the exits were final.
That is the assumption Friday broke. One of the exchanges analysts called a bottom on is now working out how to trade again.
BitMEX Is Still Walking Away
BitMEX has not blinked. The derivatives venue still plans to close on September 23 after a strategic review, ending an 11-year run.
It has already returned staked BMEX balances. Verified accounts that leave funds sitting there now pay a monthly charge, which pushes users out rather than back in.
Both exchanges announced their exits three days apart. Both used near identical language about strategy. Only one is looking for a way back.
Why Users Are Not Celebrating
The July notice promised that withdrawal service would stay open. Many users say it did not.
Ethereum withdrawals spiked to a 2026 high as people rushed for the door. By mid-August, traders were reporting blocked withdrawals and former staff said wages went unpaid.
Founder Sheldon Xia denied the withdrawal claims as fabricated and threatened a police report. He gave no reserve figures and no repayment date. Investigator ZachXBT told him to return the money instead of posting statements.
There is history here. Hackers drained roughly $196 million from two BitMart hot wallets in December 2021. Security firm Peckshield first flagged the breach.
BitMart pledged to repay the victims. Weeks later, users said the money had not arrived.
The CEO Was Already Gone
One more fact complicates the comeback. Nenter Chow was named BitMart’s global chief executive in April 2025, when Xia stepped back to group president.
Chow says he was fired on July 24, two days before the shutdown notice went out.
“Since 24 July I have had no role in the management or decision-making of the company and have not been consulted on any operational matters,” he explained.
So the decision to close was taken without the sitting CEO. The decision to possibly reopen came from the same group, four weeks later.
Nothing is settled. BitMart calls the plan potential and has promised a roadmap by September 9.
The test is simple. If that roadmap carries wallet addresses, reserve totals, and a payment date, the restart is real. If it carries another paragraph of intentions, users still have until August 26 to get out.
The post BitMart Reverses Shutdown Decision, What Changed? appeared first on BeInCrypto.
Digital Asset, the creator of the Canton Network, and former US House Speaker Paul Ryan’s American Idea Foundation plan to pilot a blockchain-based system for distributing state-administered benefits across three US states using the Canton Network.
The RISE program is expected to launch in the first quarter of 2027 and would combine multiple benefits into monthly or twice-monthly payments, with spending rules applied to categories including food, child care and cash.
According to Friday’s announcement, the system would automatically adjust benefit levels as household income changes and allow participating agencies to track payments, balances, spending and compliance data through Canton. Digital Asset said Canton would coordinate the rules, permissions and transactions used to distribute benefits while limiting access to sensitive information.
Ryan said the pilot is intended to reduce penalties that can occur as benefit recipients’ incomes rise:
By combining fragmented benefits, reducing penalties as families earn more, and rigorously measuring results, these pilots can help show what a modern safety net should look like.
The companies did not name the participating states or specify which benefit programs would be included, and said the pilots remain subject to federal approval.
Related: FalconX, Interstice Connect Canton to Ethereum, Solana and Robinhood Chain
Canton expands government-linked use cases
The RISE program could add a public-benefits use case to Canton, whose recent growth has largely centered on institutional finance, including projects involving government securities.
In April, Japan Securities Clearing Corporation, Mizuho, Nomura and Digital Asset launched a proof of concept using Canton to test Japanese government bonds as digital collateral, including for real-time, cross-border transactions. The project was selected for support under Japan’s Financial Services Agency Payment Innovation Project.
Canton was also used in July to settle a tokenized US Treasury trade between Franklin Templeton and Virtu Financial, with Tradeweb handling execution and price discovery. The Treasury changed hands against USDCx in real time, which Tradeweb described as an industry first.
Canton’s native Canton Coin (CC), which is used to pay fees for transactions through the network’s Global Synchronizer, has a market capitalization of about $4.1 billion and ranks 23rd among cryptocurrencies, according to CoinGecko data. CC is up around 10% over the past week.
Source: CoinGecko
Magazine: MiCA cracks down on USDT in Europe… but no one else cares
PI is up 5% this week and is looking to find more buyers. Will they come?
PI Network (PI) Price Predictions: Analysis
Key support levels: $0.070
Key resistance levels: $0.10, $0.13, $0.16
PI Aims for $0.10
After confirming 7 cents as a key support, PI has been consolidating in a range. The current resistance and major psychological target is found at 10 cents. Considering the bullish market context, a test of this resistance is likely.
However, even if PI is making higher lows and appears bullish, volume has been in a steady decline for months. This shows a lack of conviction and also explains the lower gains from PI compared to other altcoins like XRP or ETH.
Momentum Shifts Bullish
Even if volume remains low, the price has been on a steady uptrend since early August. The momentum indicators such as the MACD or RSI are also bullish, and higher highs appear likely in the future.
The biggest challenge for PI is the resistance at 10 cents, which will likely bring back sellers. If it manages to turn that level into a key support, then this cryptocurrency has a real chance at a major reversal and sustained gains in the future.
Volume Continues to Decline
Until the volume profile makes a higher high, the outlook remains somewhat bearish and allows sellers to regain control at their discretion. The recent gains are positive, but they need to be consolidated with a clean break above $0.10.
Any failure at the key resistance will likely see bears return. To avoid that, buyers will have to spike the volume and improve the ongoing momentum, which favors them, at least at the time of this post.
The post Pi Network Price Predictions for This Week (August 21) appeared first on CryptoPotato.
Trump’s second term so far
Since Trump returned to the White House for a second term in January last year, the debt has gone up by about $3.8 trillion. That means that the national debt has climbed by a total of $11.6 trillion across the two Trump Administrations—so far—a figure that comprises more than a quarter of the total amount.
Why has the debt soared?
Experts credit a significant portion of the growth in the national debt to the federal government’s response to the COVID-19 pandemic. According to Reuters, about one-third of the growth seen since 2017 took place during two years or so of the pandemic, when the first Trump Administration and then the Biden Administration intensified borrowing to fund the country’s pandemic response and recovery.
Both Trump’s and Biden’s fiscal policies have also contributed to—and exacerbated—the longer-standing issue of government spending exceeding tax and other revenues, which has led to the ballooning national debt.
“We forgave,” Cohen wrote. “Forgiveness doesn’t require amnesia. It requires the courage to stop allowing yesterday to dictate tomorrow.”
Cohen’s remarks ring in stark contrast to previous words he has offered about the President.
In 2019, after pleading guilty, Cohen was called by the House Oversight and Reform Committee to further detail his role as Trump’s attorney and said Trump “is a racist. He is a conman. He is a cheat.” When asked how many times Trump had asked him to threaten an individual or entity on his behalf, Cohen responded that Trump had done so on over 500 occasions throughout their professional relationship.
The following year, Cohen published Disloyal: A Memoir: The True Story of the Former Personal Attorney to President Donald J. Trump, a 432-page tell-all about the years he spent as Trump’s lawyer and fixer.
“I knew Trump better than anyone else did,” Cohen wrote at one point in the book. “I knew him better than even his family did, because I bore witness to the real man, in strip clubs, shady business meetings, and in the unguarded moments when he revealed who he really was: A cheat, a liar, a fraud, a bully, a racist, a predator, a con man.”
The logo of Samsung is seen at the Samsung Electronics Seocho building in Seoul on July 30, 2026. South Korean technology giant Samsung Electronics posted on July 30, a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips. (Photo by Jung Yeon-je / AFP via Getty Images)
Jung Yeon-je | Afp | Getty Images
Samsung Electronics has announced a shareholder return package, marking a blockbuster week for shareholder returns among South Korea’s chip giants following SK Hynix’s share buyback.
The company announced Friday that it expects shareholder returns to total between 90 trillion won and 110 trillion won ($65.1 billion to $79.52 billion) in 2026.
Samsung said it was “the largest ever by a Korean company.”
The company has been seeking to catch up with its domestic rival SK Hynix in high-bandwidth memory chips used in AI systems. The stock is up around 135% year-to-date.
The company also announced it would pay around 30 trillion won in cash dividends in the third quarter, including its regular quarterly dividend.
Details of the payout will be finalized at a board meeting in late October, the company said.
Samsung’s announcement comes just days after SK Hynix announced a 40 trillion won share buyback.
Samsung said it will decide the size and details of the remaining shareholder returns at a board meeting in late January 2027, considering a combination of cash dividends and share buybacks and cancellations.
Friday’s announcement follows Samsung’s 2024-2026 shareholder return program, under which the company pledged to return 50% of free cash flow generated between 2024 and 2026 while maintaining annual regular dividends of 9.8 trillion won.
In a corporate value enhancement plan released in March, Samsung said it paid 20.9 trillion won in cash dividends in 2024 and 2025 and spent 8.4 trillion won on share repurchases for cancellation.
ENA is rallying on a $1 billion FalconX deal, while HYPE tests its record, though flat dominance shows this is no broad alt season.
Strangers on the internet minted a token about fat mountain rodents. It has since raised more than $120,000 and rescued a 64-year science project that federal grants abandoned.
The token is OnlyMarms (ONLYMARMS). It trades on Solana, and its fees flow to a field lab in Colorado. The scientists did not create it. They just claimed the money.
Why a 64-Year Study Ran Out of Money
Kenneth Armitage started counting yellow-bellied marmots in 1962 and ran the project until 2001. UCLA has kept it alive since.
The lab needs $75,000 to $100,000 a year. That pays graduate students and a five-month field season near Crested Butte. Almost none of it is skimmed, because UCLA takes only 6% overhead on gifts.
The National Science Foundation (NSF) funded decades of that work. Then the renewals stopped coming.
The squeeze is national, not personal. NSF had issued 5,684 new grants by Aug. 19, Nature reported this week. That is 46% below its 2021 to 2024 average, and the lowest count in over 40 years.
Under the Trump administration, roughly $1 billion of the NSF’s $8.8 billion budget sits unspent in a holding account.
So UCLA professor Daniel Blumstein put the marmots on OnlyFans in June. The account cleared roughly $6,000. Nowhere near enough.
How OnlyMarms Memecoin Fees Pay for Marmot Science
Fans then minted a token with the same name. On-chain records show the first pool opened on July 25.
Supporters told the scientists to register as the creator. That registration is the whole trick. Pump.fun pays trading fees straight to whoever holds it.
Under its Pump.fun creator fee model, small tokens earn up to 0.95% of every trade. The rate slides toward 0.05% as a coin nears a $20 million valuation.
So every buy and every panic sell paid the lab. Fees hit $88,000 in two weeks, then passed $120,000. The coin was already outraising the OnlyFans account by early August.
Julien Martin, a University of Ottawa professor who co-leads the study, assumed the token was a scam at first.
“I’m completely amazed that this internet culture that I barely know of has raised so much money,” Julien Martin, University of Ottawa, via the Guardian.
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The Hard Part Is Making It Last
The hype has already cooled. ONLYMARMS peaked at $0.0036 on August 4. It is now trading near $0.0014, down about 61%, at a $1.24 million valuation.
Volume is the paycheck here, so volume is the number to watch. The token turned over $503,623 in 24 hours. At the rates above, that is a few hundred to a few thousand dollars a day. Sellers also outnumbered buyers in the main pool.
History is unkind too. Moo Deng, the pygmy hippo coin of 2024, now trades 93% below its peak. Moo Deng’s 2024 crash shows how quickly animal tokens lose their crowd.
Galaxy Research analyst Will Owens put the median Solana meme coin hold time at 100 seconds. A year earlier it was 300. His work on who profits from meme coins argues launchpads and bots take the real cut.
That is the awkward math. A charity funded by churn needs the churn to keep going.
Martin wants a broader token that funds science beyond marmots. He also knows the trick may not work twice.
“It worked for us because we were the first. But it has been nice to see crypto be used for good,” Julien Martin, University of Ottawa, via the Guardian.
A doctoral student costs about $300,000 over four years. The marmots are $180,000 short. Whether strangers keep trading long enough to close that gap is the next test.
The post Crypto Just Saved a 60-Year Science Project Trump Cuts Nearly Killed appeared first on BeInCrypto.
In this video, Gary Thomson explores the key September central bank meetings and whether policy divergence could impact major FX pairs.
👉 Key topics covered:
✔️ ECB Decision — 10 September — Markets are pricing a high probability of a 25-basis-point hike. Will the ECB signal that further tightening is still possible?
✔️ Fed Decision — 16 September — Although markets lean towards a hold, renewed inflation pressure could bring a hike back into focus.
✔️ BoE Decision — 17 September — UK inflation remains elevated, but slowing wage growth and a softer labour market could keep the Bank Rate unchanged.
✔️ BoJ Decision — 18 September — Markets are increasingly considering a 25-basis-point hike. Could tighter Japanese policy provide lasting support for the yen?
✔️ FX Divergence in Focus — EUR/USD, GBP/USD, EUR/GBP, USD/JPY, EUR/JPY could all react as markets reassess the expected paths of interest rates.
With four major central bank decisions in just eight days, it may be the changes in expectations — not only the decisions themselves — that drive the FX moves.
💬 Don’t forget to like, comment, and subscribe for more market insights every week.
Watch it now and stay updated with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Bitcoin (BTC) climbed above $75,000 on Friday, continuing its strongest rally in months. The flagship cryptocurrency is on track to record its best week in over two years as improving regulatory sentiment, lower bond yields, and a $3 billion short squeeze push prices higher.
The flagship cryptocurrency surged over 7% on Wednesday and another 5.36% on Thursday, decisively crossing $70,000 and closing at $73,011. The price is up 3.42% during the ongoing (Friday) session at $75,411.
Short Squeeze and Macroeconomic Headwinds Power Bitcoin Rally
The flagship cryptocurrency is up almost 8% over the past 24 hours and nearly 20% over the week, and remains on course for its highest weekly gain in over two years. The broader cryptocurrency market has also pushed higher, with Ethereum (ETH) up nearly 5%, Ripple (XRP) up 17%, and Solana (SOL) up over 5%. 24-hour trading volume has risen to $137.28 billion, while the overall cryptocurrency market cap rose 6.79% to $2.53 trillion. The most telling sign of shifting market sentiment is the Fear and Greed Index, which jumped to 69, firmly in “greed” territory.
The rally began on Wednesday (August 19), when the US Treasury announced it would double the buyback operations for the 10- to 20-year and 20- to 30-year nominal coupon operations from $2 billion to $4 billion per operation. The announcement came after 30-year bond yields hit 5.337%, the highest since 2007. Yield dropped to 5.192% following the announcement. The effect of these buybacks on the markets is almost immediate, improving liquidity conditions across the market. Rachel Lucas, an analyst at BTC Markets, stated,
“The real driver was the US Treasury doubling long-dated bond buybacks, which pulled long yields lower and lifted risk appetite broadly. Nothing has rewritten Bitcoin’s long-term case, but nothing’s rewritten its volatility either.”
President Trump’s renewed calls to Congress to advance the CLARITY Act, following a meeting with top crypto industry executives, also buoyed market expectations of a favorable regulatory environment in the US.
Spot Bitcoin ETFs Could Dictate Momentum
Meanwhile, some analysts believe ETF and spot demand will play a major role in dictating whether the breakout holds. Nicolai Søndergaard, senior research analyst at Nansen, stated that while forced short covering fueled Bitcoin’s rally, rising institutional demand and better liquidity conditions had already put the market on an upward trajectory. Søndergaard highlighted stable open interest to show that the rally was being driven by more than just traders adding fresh leverage.
“Bitcoin’s move above $70,000 reflects a combination of forced short covering, renewed institutional demand and a more supportive liquidity backdrop.”
Meanwhile, spot Bitcoin ETFs added over $600 million on Thursday, the highest since May, and marking their fourth consecutive day of inflows. Bitcoin ETFs have registered $1.61 billion in inflows so far this week, with the figure expected to climb higher on Friday as institutional investors buy strongly. Søndergaard believes spot trading and ETF inflows will determine whether BTC can build support above $70,000 and push higher once forced buying reduces. BTC’s price action has pushed it above the 20-week and 200-day moving averages and the estimated short-term holder cost basis, putting buyers in profit.
Nick Ruck, LVRG Research Director, believes the US Treasury’s announcement to double bond buybacks has improved institutional investor sentiment, helping to reverse months of substantial outflows.
However, he cautioned that only progress on the CLARITY Act, a clear course of action on interest rates, and broader access to crypto through retirement accounts could help establish a positive institutional trend.
“Sustained inflows are unlikely without additional confirmation. Until those catalysts develop, inflows will likely remain temporary rather than structural.”
Bitcoin Momentum Stretched
However, momentum is stretched, with the one-hour RSI around 78 and the four-hour RSI above 85. Positive funding rates also indicate that leveraged long positions were picking up. If BTC holds above $70,000, it could extend its rally higher, while a drop to around $69,000 could indicate a retest rather than a reversal.
White House Pushes for Crypto Legislation
President Trump met with top crypto executives from Coinbase, Ripple, Gemini, Chainlink Labs, Kraken, among others. Following the meeting, Trump urged Congress to approve the CLARITY Act, establish clear market rules, and divide market oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Bitget Wallet Research Analyst Lacie Zhang believes the Trump administration must show lower borrowing costs, progress in high-growth industries, and a robust financial market before the November midterms.
The SEC’s Regulation Crypto Assets also provided a policy catalyst, offering crypto companies and startups exemptions under specific circumstances. However, Zhang warned that failure to advance the CLARITY Act, conflict of interest controversies, and waning regulatory momentum could sour investor sentiment.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Standard Chartered’s Geoff Kendrick said Bitcoin could move toward its $126,000 all-time high after Oct. 6 as spot Bitcoin ETF inflows recover.
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