Cardano’s ecosystem recorded several important developments between July 30 and August 5th. These range from a new cross-chain connection to changes in the way governance representation works.

Meanwhile, ADA briefly approached $0.20 after gaining over 20% over the past week. Here are some of the most important Cardano news and an update on ADA’s price action from the past few days.

Cardano Connects With Injective Through IBC

Cardano and Injective established their very first connection through the Inter-Blockchain Communication protocol on the testnet.

In an official announcement, Injective said the integration is designed to eventually allow ADA to enter its ecosystem while INJ itself becomes fully available on Cardano.

The testnet deployment creates a direct cross-chain rail and is intended to represent another step toward improving the compatibility of Cardano with other networks outside its existing ecosystem.

JUST IN : Cardano is now officially connected to Injective, the first blockchain to have a live onchain rail to Cardano via testnet.$ADA is coming to Injective. $INJ is coming to @Cardano. Both will be available across the two ecosystems. pic.twitter.com/ECnexrfx8c

— Injective (@injective) August 3, 2026

Development Shifts Toward the Dijkstra Era

Following the completion of the van Rossem upgrade,  Cardano developers turned their attention to the upcoming Dijkstra development era. According to the latest update, planned work includes Nested Transactions and Linear Leios, with both targeted for mainnet implementation by the end of this year.

Recall that van Rossem previously introduced improvements, including Plutus performance, ledger consistency, and improved node security.

New Governance Tools Move On-Chain

In another important piece of news, Cardanoo has moved the election of its Constitutional Committee onto the blockchain, making the voting process easier to verify and more transparent. The committee is responsible for checking whether major governance decisions follow the Cardano constitution.

Meanwhile, the ecosystem has also opened a new portal where community members can test how future changes to that constitution may be proposed. Additionally, ADA holders, as well as their representatives, can now vote on a separate proposal to adjust some of the network’s technical settings.

Together, these updates give the community a more direct role in the way Cardano is managed and developed.

EMURGO Steps Down from Intersect’s Board

EMURGO announced its immediate resignation from the Intersect board. The organization plans to deregister its delegated representatives.

The decision followed serious community criticism surrounding governance participation and the delegation experience within Yoroi Wallet.

EMURGO acknowledged that both positions carried significant responsibilities and said the changes are intended to address these specific concerns.

The departure has once again renewed discussions about accountability among Cardano’s major ecosystem organizations.

ADA Price Update: One-Month High and Renewed Bullish Expectations

ADA climbed from around $0.15 in late July to a one-month high of approximately $0.195 on August 4th. The move, at the time, represented a weekly gain of roughly 26%, although the cryptocurrency has since pulled back as traders look to book some profits.

The rally started during the weekend, when ADA jumped by 9% and outperformed a lot of the large-cap altcoins.

One possible reason for the move was the increased buying from large investors. Whales accumulated more than 240 million ADA within five days, helping it soar by roughly 22% during that same period.

ADA is now testing a very important resistance area between $0.19 and $0.20. Some analysts believe that a successful break above it could open the way toward $0.28-40.30.

However, it’s also important for the cryptocurrency to remain above $0.17 to protect its improving short-term structure – from a strict technical perspective.

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Arthur Hayes says Bitcoin’s climb to $1 million depends on the AI industry’s credit problems, not its earnings. In a new essay titled “Situationship,” the BitMEX co-founder makes his case.

He argues that AI data center spending resembles 2008-style debt speculation rather than 2000-style dot-com overvaluation. He expects central banks to print enough money to eventually rescue over-leveraged AI lenders. That flood of liquidity, he says, is what carries Bitcoin toward seven figures.

Why Hayes Separates AI From the Dot-Com Bubble

Hayes argues investors mistake data centers for pure technology. In his view, they are really real estate developments packed with fast-depreciating chips.

He made a related case in May. Back then, he called AI spending history’s largest fiat credit bubble and set an initial Bitcoin price target near $126,000.

“AI CAPEX is just another boring real estate play”
— Arthur Hayes,

In his view, hyperscalers increasingly fund data centers with borrowed money, not free cash flow. That shifts default risk onto banks and bondholders.

He compares this to the 2006-2008 mortgage cycle. Lending kept flowing even after home price growth stalled. It only broke once construction spending actually contracted.

The Bailout Mechanism Behind the $1 Million Call

Hayes expects AI capital spending growth to decelerate in 2027. That slowdown, he says, will expose the weakest data center loans. He argues the Fed and Treasury will respond the way they did in 2008 and 2020. That means emergency lending facilities, and possibly direct equity purchases, to prevent a systemic default.

His forecast follows a familiar pattern from the Fed. Chair Kevin Warsh held interest rates steady at his second meeting in late July. Three FOMC members dissented, favoring a hike. Markets now price high odds of a rate hike later this year.

Hayes reads that hold as evidence authorities will keep credit flowing. He sees continued bank lending to AI projects as further confirmation officials won’t let weak borrowers fail.

This isn’t Hayes’s first seven-figure Bitcoin call. He made a similar $1 million prediction last year based on an expected Fed shift toward yield curve control.

This time, he ties the call to AI credit stress instead. He also reiterated a $5,000 Ethereum target for the end of 2026. Hayes points to Ethereum’s emerging role as a settlement layer for tokenized real-world assets.

Bitcoin traded near $64,300 at the time of writing, up roughly 1% over 24 hours, per BeInCrypto data.

Hayes has also called for a Bitcoin bottom near $40,000 before any run toward his higher targets. That framework leaves room for further downside first. Whether the AI credit cycle actually unwinds on his 2027 timeline remains the open question. Investors will likely watch hyperscaler earnings and bank loan books for early signs over the coming quarters.

The post Arthur Hayes Says Bitcoin’s Going to $1 Million After an AI Credit Bust appeared first on BeInCrypto.

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SanDisk stock jumped 10.84% on Tuesday following a new AI memory milestone with SK Hynix. The companies advanced their ongoing collaboration by releasing the first industry specification for High Bandwidth Flash (HBF) technology.

SanDisk also presents a keynote on AI memory today at the Future of Memory and Storage (FMS) Conference, just hours before its earnings call. Google and Tenstorrent joined the HBF consortium during the standardization process, adding credibility to the new standard.

A New Memory Tier for AI Chips

The Open Compute Project (OCP), an industry group that builds open hardware standards, published the HBF specification this week. The standard gives chip designers a shared framework for using HBF in AI accelerators.

It fills a gap left by High Bandwidth Memory (HBM), which is fast but capacity-constrained. In contrast, solid-state drives hold more data at slower speeds.

The specification supports NAND stacking up to 512GB per die stack. It also defines three performance tiers, with read speeds reaching 3.0 terabytes per second.

SanDisk and SK Hynix started the HBF consortium in February. Google and Tenstorrent joined as members during the specification’s development. SanDisk Chief Technology Officer Alper Ilkbahar called the release a major step for the technology.

“an important milestone for the HBF ecosystem”

Alper Ilkbahar, SanDisk’s chief technology officer, said in a statement.

Earnings Loom as Memory Stocks Rebound

SanDisk reports fiscal fourth-quarter results after markets close today. Wall Street expects earnings near $33 per share on revenue around $8.3 billion, up sharply from $0.29 a year earlier. However, SanDisk shares pulled back in premarket trading Wednesday, as some investors turned cautious ahead of tonight’s results.

SanDisk shares fell roughly 47% last month during a broader memory sector selloff. Meanwhile, SK Hynix shares have swung just as sharply since their Nasdaq debut in July.

The rebound reflects a tighter link between Korean and US markets, as AI infrastructure spending increasingly moves both in tandem.

Today’s earnings will show whether the AI memory story behind Tuesday’s rally holds up under closer scrutiny.

The post SanDisk Stock Jumps 10% on New AI Memory Milestone With SK Hynix Ahead of Earnings appeared first on BeInCrypto.

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A wallet identified by onchain analytics platform Lookonchain as being associated with Strategy transferred 1,030 Bitcoin worth about $66.14 million on Aug. 5. 

Summary

• A suspected Strategy wallet moved 1,030 Bitcoin, but no official sale has been confirmed yet.
• Strategy officially sold 1,638 Bitcoin last week, raising $104.73 million for preferred dividends and repurchases.
• Strategy reported 842,138 Bitcoin holdings, acquired for $63.51 billion at an average $75,419 per coin.
• MARA transferred 6,000 Bitcoin to Two Prime, where it already maintains managed institutional investment arrangements.
• MARA previously allocated 2,000 Bitcoin to Two Prime’s institutional yield strategies under a managed account.

The movement came two days after Strategy officially disclosed another Bitcoin sale, increasing scrutiny of the company’s changing treasury policy. Lookonchain’s post described the addresses as wallets linked to Strategy.

However, Strategy has not confirmed that the latest transfer represented a sale. Its most recent Securities and Exchange Commission filing reported holdings of 842,138 BTC as of Aug. 2. No later filing had reduced that figure when this report was prepared.

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Strategy transfer is not yet a confirmed Bitcoin sale

Lookonchain asked, “Is Michael Saylor’s Strategy dumping BTC again?” The wording reflects uncertainty. Wallet attribution can indicate that an address is likely connected to an organization, but an onchain transfer alone does not establish its purpose or legal ownership.

Bitcoin can move between custodians, internal wallets, trading accounts and settlement addresses without being sold. Confirmation would require a company disclosure, an identified exchange deposit followed by trading activity, or other evidence showing that ownership changed.

Strategy’s public Bitcoin ledger still lists 842,138 BTC following the company’s Aug. 3 update. The ledger records transactions reported by Strategy rather than every transfer attributed to the company by external analytics firms.

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The latest movement occurred after the Aug. 2 reporting cutoff in Strategy’s filing. It could therefore appear in a later update if it represents a sale under the company’s Bitcoin monetization program.

Strategy officially sold 1,638 BTC for $104.73 million

Strategy confirmed that it sold 1,638 BTC between July 27 and Aug. 2. The company received $104.73 million after fees, equal to an average sale price of $63,957 per Bitcoin. The official figure is higher than the roughly $102.4 million cited in some early reports.

Strategy used $52.4 million of the proceeds to fund preferred stock dividends. It directed the remaining $52.3 million toward repurchases of its STRC preferred shares. The company separately bought back 912,143 STRC shares for $81.2 million during the period.

Its remaining 842,138 BTC had an aggregate purchase price of $63.51 billion and an average cost of $75,419 per coin. The company also reported a $4 billion U.S. dollar reserve, including unsettled proceeds from common stock sales.

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The transaction was permitted under Strategy’s Bitcoin monetization framework, which its board approved in June. The framework allows Bitcoin sales to support the cash reserve, pay dividends or interest, and finance approved security repurchases. It does not require Strategy to sell any specific amount.

As crypto.news reported, the Aug. 3 disposal followed earlier sales that marked a departure from Strategy’s previous focus on continuous accumulation. Its ledger shows four reported 2026 sales totaling 5,258 BTC.

MARA’s Two Prime transfer may involve asset management

Separately, Lookonchain reported that MARA transferred 6,000 BTC, worth approximately $384.6 million at the time, to addresses identified as belonging to Two Prime. The analytics firm cautioned that the movement “doesn’t necessarily mean a sale” and could relate to asset management.

MARA has an established financial relationship with Two Prime. In July 2025, the miner led a $20 million investment in the firm and expanded its managed Bitcoin allocation from 500 BTC to 2,000 BTC. Two Prime manages institutional trading, lending and Bitcoin yield strategies.

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An SEC filing showed that MARA transferred 2,000 BTC into a separately managed account during 2025. The account held 1,903 BTC by Sept. 30 after recording a net trading loss of roughly 97 BTC.

The new 6,000 BTC transfer could expand the arrangement, move assets between custody accounts or support another financial transaction. Those possibilities remain unconfirmed. MARA’s 2025 annual report says it may buy or sell Bitcoin depending on market conditions and capital allocation priorities.

In related coverage, crypto.news reported that MARA increased its holdings to 36,303 BTC in June after selling 15,133 BTC during March to support a $1 billion convertible debt repurchase.

Official filings will determine whether more Bitcoin was sold

Bitcoin traded near $64,387 at the time of reporting, up about 0.95%. Strategy shares rose approximately 2.9% to $97.65 during the latest U.S. session, while MARA shares were nearly unchanged at $11.75. The market data showed no immediate broad selloff tied to the reported transfers.

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Strategy says it will disclose material Bitcoin monetization through its customary Form 8-K filings and its public dashboard. Its next update should show whether the 1,030 BTC movement changed the company’s reported holdings.

MARA investors will similarly need an SEC filing or company statement to determine whether its 6,000 BTC remains under company ownership. Until those disclosures arrive, both movements should be treated as transfers rather than confirmed sales.

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A wallet reportedly belonging to Strategy (formerly MicroStrategy) transferred another 1,030 Bitcoin (BTC), worth roughly $66.14 million, on Wednesday. On-chain tracker, Lookonchain, flagged the move.

Strategy has not confirmed any sale, and the transfer alone does not prove one. Still, the timing has revived questions about the company’s shrinking Bitcoin reserve.

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MicroStrategy Sale Speculation Builds After Last Week’s Disclosure

The suspicion is not unfounded. Strategy disclosed on Monday that it sold 1,638 BTC last week at an average price of $63,957.

That sale raised roughly $104.7 million and reduced holdings to 842,138 BTC, valued at nearly $54 billion at press time. Lookonchain had reported a similar wallet movement earlier, when 299.84 BTC left a Strategy-linked address.

Executive Chairman Michael Saylor has defended the sales as corporate capital management rather than a change in conviction.

“When I say ‘Never Sell Your Bitcoin,’ I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet…” he said.

The company sold coins at prices below its $75,419 average cost basis to fund preferred dividends and STRC stock repurchases. Those obligations reached $400.7 million in the second quarter alone.

MARA Moves 6,000 Bitcoin to Two Prime

Meanwhile, Bitcoin miner MARA transferred 6,000 BTC, worth around $384.6 million, to Two Prime within five hours. 

“The transfer doesn’t necessarily mean a sale—it could be for asset management,” Lookonchain noted.

That reading has some basis. MARA holds an equity stake in Two Prime and allocates Bitcoin to the firm’s strategies.

However, MARA has also sold before, offloading 15,133 BTC in March to retire $1 billion in convertible debt. The miner still holds 36,303 BTC, worth approximately $2.34 billion.

Strategy’s next weekly disclosure will show whether Wednesday’s transfer became a sale or a custody reshuffle.

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The post Saylor’s MicroStrategy Linked to Fresh $66 Million Bitcoin Transfer appeared first on BeInCrypto.

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A failure to pass the CLARITY Act this week will put the bill in a “walking dead” state, but won’t stop the crypto industry’s march forward, according to Bitwise chief investment officer Matt Hougan. 

In a blog post on Wednesday, Hougan said while many, including himself, have called it the “make or break” week for the CLARITY Act, the reality is that the crypto industry has made too much progress to “go back in the bottle.” 

“The reality is that Washington is always late to major technology shifts, and it has rarely mattered as much as people feared,” said Hougan. 

His comments come as the Senate faces an Aug. 5 deadline to advance the landmark crypto market structure bill before its summer recess, with many concerned that failure to pass this week could see the bill pushed into the next year as lawmakers focus on the midterm elections in November. 

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Prospects for CLARITY this year fade

Market observers are increasingly pessimistic about the CLARITY Act’s passage this year. In July, Galaxy Research lowered its probability of the CLARITY Act passing in 2026 to 30%, while Polymarket currently shows a 23% chance of it being signed into law this year, down from 82% in February. 

On July 24, NYDIG global head of research Greg Cipolaro said the latest draft was more complete but still lacked sufficient bipartisan support.

“The central investor takeaway is that Republicans have produced a substantially more complete bill, but not yet one with a credible path to 60 votes,” Cipolaro said.

According to sources speaking to Punchbowl News, without signs of progress from the White House on a bipartisan ethics deal, and movement on illicit finance and stablecoin yield, Senate Democrats will deny cloture for the crypto bill. 

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Polymarket odds for the CLARITY Act passing in 2026 are at 23%. Source: Polymarket

Hougan said failure to pass the bill will put it in a “walking dead” state, stalled, but not permanently defeated. He said there is some hope that the bill could pass in September, or even in December, when Congress returns for a lame duck session.

“Congress often bundles multiple bills into a year-end “omnibus” package, forcing legislators to vote on a single bill that includes things they like and things they hate. Maybe the Clarity Act can pass that way.”

“Crypto will be fine,” Bitwise’s Hougan says

If the CLARITY Act fails to pass this year, Hougan said that the industry will fall back to the SEC-CFTC’s joint interpretation issued in March, which classifies Bitcoin and other assets as digital commodities and replaces the SEC’s 2019 staff guidance. 

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SEC Chair Paul Atkins reinforced this last week, saying his agency is “ready, willing, and able to come out with rules that address the same issues as CLARITY and other aspects of the crypto market.” 

Related: CLARITY Act failure could send crypto valuations lower: Bernstein

However, the rules issued by the two regulators aren’t as durable as legislation, and could be challenged in court or reversed by a future administration. Atkins even acknowledged this in March when the two agencies released the interpretation. 

Source: Cynthia Lummis

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“Only Congress can ensure that regulation in this area is future-proofed through comprehensive market structure legislation,” Atkins said.

WisdomTree chief legal officer Ryan Louvar has argued that the absence of legislation would continue to impede the market, despite the regulators’ efforts.

“A market cannot function well when its participants cannot tell in advance which agency’s rules apply to them,” Louvar said at a July congressional hearing.

Hougan said “crypto will be fine” despite this, as it would still give the industry two and a half years to accelerate before a new administration could potentially install a new SEC.

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“Washington is dysfunctional. It seems crazy to me that we can’t get our act together to pass legislation that would improve investor protections and spark new innovation,” said Hougan.

“But it’s not a referendum on crypto’s validity as a pillar of the global financial infrastructure. That ship has long since sailed. At this point, crypto has enough momentum that it will reshape finance for decades, regardless of what happens in the next few days.” 

Magazine: CLARITY hopes fade, BitMEX shuts as lawsuit looms: Hodler’s Digest, July 26 

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Validators would still be paid the same way for doing the same work, and they keep all the transaction fees and tips they earn from building blocks. Only the newly created ETH gets burned. The deduction from validator rewards arrives slowly, phasing in over 18 months, with about six months before that while the upgrade ships, so roughly two years to adjust.

Six researchers signed the proposal, including Justin Drake of the Ethereum Foundation. It landed days before the deadline for smaller changes to be considered for Hegotá, Ethereum’s next network upgrade.

The problem, as the authors see it, is that staking never stops paying. Even if every ETH were staked, the yield would still sit near 1.5%, so there is always a reason to add more.

Jérôme de Tychey, one of the proposal’s authors, projects more than 70 million ETH staked by January 2028 if nothing changes. Past a certain level, the proposal states, extra stake makes Ethereum less secure rather than more, because the ETH ends up held by exchanges and staking providers instead of its owners, while small individual stakers get squeezed out.

About 41 million ETH is staked today, or close to 34% of supply. Another 2.5 million sits in the queue waiting to be activated, trackers show, a wait of six weeks or more, and nobody is queuing to leave.

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Ethereum limits how fast validators can join or leave, so both directions form a line. The cap exists so a large bloc can’t enter or exit fast enough to destabilize the network. Entry queue is ETH waiting to start staking, exit queue is ETH waiting to stop. Currently about 57,600 ETH a day can activate.

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Hut 8 stock dropped 9.74% to $101.16 on Tuesday after the company reported second-quarter earnings. Revenue climbed 81% year over year to $74.9 million, while net losses reached $177.1 million.

The Bitcoin (BTC) miner turned AI data center developer recovered 1.29% to $102.47 in after-hours trading. Investors appear focused on the loss rather than the company’s growing lease book.

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Why Hut 8 Stock Fell Despite Revenue Growth

Most of the quarterly loss existed only on paper. The company booked $138.6 million in primarily unrealized losses on digital assets, according to its earnings release.

The comparison with last year sharpened the reaction. Hut 8 posted $137.5 million in net income in Q2 2025, when digital asset gains lifted results.

Core operations moved the other way. Adjusted EBITDA excluding digital assets reached $10.4 million, up from $4.2 million a year earlier.

“Adjusted EBITDA inclusive of digital assets mark-to-market for the three months ended June 30, 2026 was $(94.6) million, compared to $221.2 million in the prior-year period,” the firm revealed.

AI Leases Reach 949 MW and $26.6 Billion

The loss overshadowed a growing commercial pipeline. Contracted IT capacity across Hut 8’s AI campuses reached 949 MW, with a base-term contract value of roughly $26.6 billion.

Those leases are expected to generate more than $1.75 billion in average annual net operating income. A 352 MW Beacon Point Phase 2 deal, signed after quarter-end, lifted that campus alone to roughly $19.6 billion.

The build-out extends the AI data center pivot Hut 8 began in December with AI cloud firm Fluidstack. Financing kept pace, as the company closed $7.5 billion in investment-grade project notes split between its River Bend and Beacon Point campuses, with no recourse to the parent.

CEO Asher Genoot said execution now takes precedence over deal-making.

“Delivery is now our central priority. We continue to apply the full weight of our organization to deliver River Bend and Beacon Point: operating rigor built through years of developing energy-intensive infrastructure at scale and a team we continue to expand ahead of the growth to come,” the exeutive stated.

Delivery timelines now define the story. River Bend targets its first data hall in Q2 2027. Beacon Point Phase 1 expects initial energization in Q1 2027. The coming quarters will show whether the construction pace matches the contracted numbers.

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The post Hut 8 Stock Slides 9.7% Despite 81% Revenue Surge in Q2 appeared first on BeInCrypto.

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The Core Team behind the project rarely stays quiet, trying to improve the broader network with new updates, features, redesigns, and anything in between.

Although these attempts generally fall short when it comes to boosting investor sentiment toward the underlying asset, there has been an evident shift in the past week or so.

Pi Joins RoboPay

The latest announcement coming from the Pi Network team outlined a partnership with RoboPay, making it a payment partner. This would allow “tens of millions of Pi users” to have access to robot services directly through the use of the asset they already hold, meaning they can spend Pi for grocery deliveries, property patrols, industrial inspections, and humanoid assistance.

RoboPay is an on-chain system built by the non-profit Fabric Foundation to let AI agents discover, hire, and pay robots autonomously.

“This partnership marks a fundamental shift in how humans are able to interact with robotics. Instead of purchasing robots themselves, users will be able to simply purchase outcomes. Physical intelligence becomes an on-demand service that is discoverable, programmable, and instantly payable through a shared economic network,” reads the announcement.

Launchpad Model

The Core Team has long claimed that it tends to approach token launches differently than other blockchain projects, which typically keep the raised funds. In contrast, Pi Network sends the committed Pi coins directly into a liquidity pool paired with the newly issued ecosystem asset.

In a recent post, they outlined the details of how this process will enhance user engagement and real application functions. More than 240,000 Pioneers participated in the distribution of the Testnet token called SLICE. According to the team, users have committed roughly 16 million Test-Pi for 10 million SLICE tokens.

The newly issued asset, which remains only in test mode and will never go to mainnet, as the team explained, is linked to the game Slice of Pi. It aims to test engagement-based bonuses and promote product utility over capital raising.

Next Protocol Version

Pi Network confirmed the completion of protocol version 25 at the end of July, and outlined August 11 as the deadline for the deployment of the next one, version 26. The team described it as a major milestone that leads to the final planned upgrade, version 27, after eight successful migrations.

Later on, they published a reminder to node operators that they have to ensure their systems are upgraded by the set deadline, otherwise risk being disconnected from the network.

PI Price Update

It was less than a month ago when the underlying asset plummeted to a new all-time low of just over $0.07. This was the culmination of consecutive breakdowns and the loss of key support levels.

The bulls finally stepped up and helped it surge to $0.10 within days. However, another rejection followed, and PI slipped below $0.09 and $0.08. This time, though, the support at $0.074 managed to contain the losses, and the asset has remained above $0.08 for the past several days.

Moreover, it jumped from under $0.083 to over $0.086 earlier today, where it was stopped and now sits inches below it. Nevertheless, it’s still 22% higher than the ATL marked in mid-July. A large portion of these gains came after the team announced the upcoming version 26.

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