Crypto World
Strategy Uses 1,690 BTC to Fund $108.6M STRC Buyback
Strategy, the publicly traded firm with the largest corporate Bitcoin treasury, has again converted part of its BTC holdings into cash to support buybacks of its STRC preferred stock. In its latest SEC filing, the company reported a second consecutive week of Bitcoin sales used to fund repurchases of STRC shares.
According to a Monday 8-K filing with the US Securities and Exchange Commission (SEC), Strategy sold 1,690 Bitcoin for $108.6 million between Aug. 3 and Aug. 9. The proceeds were used to buy back 1.15 million shares of its STRC preferred stock for the same $108.6 million total.
Key takeaways
- Strategy sold 1,690 BTC for $108.6 million (Aug. 3–Aug. 9) to repurchase STRC preferred shares.
- This was the company’s fourth disclosed Bitcoin sale of 2026, bringing 2026 total BTC sales to 6,948.
- Strategy still holds 840,447 BTC with an aggregate purchase price of $63.36 billion, implying ongoing long-term exposure.
- The filing shows remaining repurchase capacity under both the preferred stock and common-stock buyback programs.
- Alongside STRC buybacks, Strategy continued building a US dollar reserve, reporting $4.65 billion as of Sunday.
Bitcoin sales tied directly to STRC buybacks
Strategy’s latest filing reinforces the company’s funding approach: using periodic Bitcoin liquidations to finance preferred stock repurchases. STRC is a variable-rate preferred stock structured to pay monthly dividends, and Strategy’s buybacks appear designed to manage capital structure while continuing dividend-related obligations.
On this occasion, the company reported an average net sale price of $64,262 per Bitcoin for the 1,690 BTC it sold. For comparison, Strategy’s broader Bitcoin cost basis is higher: the company cited an average purchase price of $75,385 per BTC for total holdings, including fees and expenses.
Strategy also previously disclosed a similar sequence. Earlier coverage noted that Strategy sold 1,638 BTC for $104.73 million between July 27 and Aug. 2, and used those proceeds to fund STRC repurchases as well. The current week’s sale follows that pattern closely—suggesting the company is maintaining an active, repeatable mechanism rather than relying on one-off treasury adjustments.
How much BTC Strategy has sold in 2026
While the latest transaction adds another step to Strategy’s 2026 funding routine, it does not represent a major shift away from holding BTC. The filing states the trade marked the company’s fourth disclosed Bitcoin sale of the year, bringing total 2026 BTC sales to 6,948 BTC.
After the latest sale, Strategy still holds 840,447 Bitcoin purchased for an aggregate $63.36 billion. That large remaining position matters for investors because Strategy’s balance sheet exposure to Bitcoin remains the dominant driver of its treasury value, even as the company periodically monetizes BTC to meet financial objectives.
From a market perspective, these disclosures also keep the question of “how much BTC is converted” in focus. If Strategy’s buyback-linked sales continue on a regular cadence, traders may increasingly weigh whether those conversions pressure sentiment around BTC liquidity at specific intervals—even if the firm’s long-term exposure remains intact.
Repurchase capacity and the dollar reserve build
Beyond the immediate buyback, the 8-K includes additional numbers that help map out how Strategy plans to fund and sustain the preferred stock program. The filing says Strategy has $785.2 million remaining under its digital credit securities repurchase program, which covers the preferred stock. It also reports another $1 billion available under its Class A common-stock repurchase program.
Strategy simultaneously continued building its US dollar reserves. The company reported a $4.65 billion balance as of Sunday, up from roughly $4 billion in the previous weekly update. In the filing, Strategy said $650 million of $653.1 million in net proceeds from recent MSTR stock sales went toward the reserve.
The reported cash number also includes expected proceeds from at-the-market (ATM) sales that had not yet settled at the time of the update. Taken together, the reserve build is relevant because it may reduce the need for frequent immediate BTC liquidations under certain market conditions—while still leaving BTC as the core long-duration holding.
STRC share momentum alongside buybacks
Strategy’s STRC buybacks come at a moment when the preferred stock has shown strength. The article cited that STRC shares rallied during Strategy’s recent repurchases, reclaiming $90 on Aug. 3 after rebounding 24% from their June lows.
In premarket trading Monday, STRC was up 0.46% to $95.45, after closing Friday at $95. According to Yahoo Finance, Strategy’s MSTR shares were also slightly higher, up 0.25% to $100.26 at the time of the report.
While price moves in any single session can’t be attributed solely to buybacks, the sequence is still notable: repurchases funded by BTC sales are arriving while market participants appear willing to bid up STRC from earlier weakness. For investors, the practical takeaway is that Strategy’s corporate actions are being tested in real time by equity market liquidity, particularly around preferred stock where dividends and variable-rate mechanics can influence demand.
Looking ahead, readers should watch two things: whether Strategy continues the pace of BTC-to-STRC conversions disclosed in its SEC filings, and how the firm’s remaining repurchase capacity and US dollar reserve evolve week to week. Any change in the cadence—or in the average net sale price compared with its cost basis—could affect how investors interpret the trade-off between maintaining BTC exposure and supporting the company’s preferred stock funding engine.
Global crypto exchange-traded products drew a net $600 million in July, their first positive month since April, 21Shares said in a monthly flows report published Aug. 10. Ether-native products took $350 million of that, roughly twice the $176 million that went into bitcoin-native products. XRP… Read the full story at The Defiant
Traders delivered a split verdict on Monday’s new Upbit listings. Cysic (CYS) jumped 32% even as Upbit delayed its debut. Anoma (XAN) fell 38%, forcing an emergency cut to its minimum sell price.
South Korea’s largest exchange announced the six additions early Monday, then delayed the launch twice to 8 p.m. Korea time. The uneven reaction points to selective demand for compute and AI tokens rather than a broad listing rally.
A Chaotic Debut With Two Delays and Emergency Rule Changes
Upbit added Cysic, Impossible Cloud Network (ICNT), Anoma, OpenEden (EDEN), AIOZ Network (AIOZ), and Allora (ALLO) in a notice posted Monday morning. All six trade against Bitcoin (BTC) and Tether (USDT).
Trading was set for 2 p.m. Korea time but slipped to 5 p.m., then 8 p.m. Upbit then postponed the CYS launch outright, citing errors on the project’s bridge page and thin liquidity.
Minutes before the rescheduled open, the exchange also cut XAN’s minimum sell price to 0.01275 USDT. Sell orders more than 10% below that reference stay blocked for the first five minutes of trading.
Launch-day guardrails cover all six pairs. Buy orders stay disabled for roughly five minutes, and only limit orders clear during the first two hours.
Upbit decisions routinely move prices in both directions. The Bonk (BONK) meme coin slid to a near three-year low last week after the exchange announced its September delisting. Meanwhile, Morpho (MORPHO) whale activity hit multi-month highs in July after a new won pair opened.
Upbit Listings Split as Traders Back Compute and AI Plays
TradingView data shows CYS led the group with a 32% gain around the announcement. AIOZ and EDEN added 12.6% and 7.3%, ICNT rose under 1%, and ALLO closed flat. XAN sank 38.5%.
The gap maps onto each project’s pitch. Cysic builds a ComputeFi marketplace on Base that turns graphics cards and mining hardware into tradable compute power. The token now trades near $1.25, up 34% in 24 hours, with a market cap above $200 million.
AIOZ Network runs a decentralized physical infrastructure network (DePIN) for storage, streaming, and AI compute. It climbed nearly 20% over the past day.
OpenEden, which brings tokenized US Treasury products on-chain, gained 11% in 24 hours. That extends the run that made real-world assets July’s strongest crypto narrative.
Anoma found no such support. The project markets itself as a decentralized operating system that hides blockchain complexity behind one interface. XAN changed hands near $0.0123, down about 32% in 24 hours.
Impossible Cloud Network, a DePIN cloud project, and Allora, a decentralized machine intelligence network, drew little fresh demand despite the same Seoul exposure.
The next test arrives when CYS finally opens for trading. Whether the token defends its premium without a live Upbit order book should reveal how much of Monday’s move was listing hype.
The post 6 New Upbit Listings Fuel 30% Moves for Select Altcoins appeared first on BeInCrypto.
Bitcoin (BTC) slipped below $64,500 after Monday’s Wall Street open as markets digested more US-Iran uncertainty.
Key points:
- Bitcoin joins US stocks in selling off amid uncertainty over whether the Strait of Hormuz will reopen.
- The Japanese yen commands attention as it slides back toward historic lows against the dollar.
- Bitcoin analysis doubts market strength despite “exceptionally strong” institutional inflows.
Iran warns “no military solution” to Hormuz closure
Data from TradingView showed BTC/USD hitting $64,447 on Bitstamp, its lowest since Friday, before a modest rebound.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
This mirrored US stocks, which initially fell as the odds of the Strait of Hormuz oil route reopening appeared to fade.
Addressing Iran’s Islamic Consultative Assembly, deputy speaker Ali Nikzad said that the “opening of the Strait of Hormuz has no military solution,” as quoted by Al Jazeera and others.
US WTI crude oil was up by almost 5% on the day at $80.90 per barrel at the time of writing, while the S&P 500 index nonetheless reversed to turn green, still below Friday’s all-time highs.
CFDs on US WTI crude oil one-hour chart. Source: Cointelegraph/TradingView
Attention also remained focused on the Japanese yen, which continued to weaken against the US dollar despite an earlier rare joint intervention by Japan and the US. USD/JPY hit 159 on Monday, nearing the psychological boundary of 160 before the end of the week’s first Asia session.
Economist Mohamed El-Erian warned that more decisive government policy action from the Japanese side would be required.
“The yen has been weakening gradually since the large joint Japan-US FX intervention, a sharp reminder that the key to fixing a currency ‘mispricing’ is getting the policy mix right. The longer Japan delays in doing so, the more elusive the goal of this historic intervention becomes,” he wrote in a post on X.
USD/JPY four-hour chart. Source: Cointelegraph/TradingView
Bitcoin comeback “tentative” despite $865 million ETF inflows
Bitcoin analysts warned that the attempted BTC price rebound “remains tentative” despite some promising signals.
Related: Markets flip for Fed rate-hike pause into CPI: Five things to know in Bitcoin this week
Glassnode’s latest Market Pulse update highlighted weak spot-market momentum as one key missing component of a sustainable recovery.
“Momentum has returned toward neutral and spot taker buying has accelerated sharply, but overall centralized exchange turnover remains subdued,” the onchain analytics platform said. It added:
“This divergence points to improving demand within a broader consolidation regime rather than a broad-based expansion in speculative activity.”
Among the positive catalysts were institutional inflows, which Glassnode noted were “exceptionally strong.” Last week, the US spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of $865.3 million, per data from UK-based investment company, Farside Investors.
US spot Bitcoin ETF netflows (screenshot). Source: Farside Investors
Data from onchain analytics platform CryptoQuant, meanwhile, showed that hedge funds had flipped net long CME BTC futures — an event that CEO Ki Young Ju described as “rare.”
“The basis trade keeps them structurally short. That’s why this chart’s been red for years. You can’t carry trade into a net long. The suits are betting on upside,” he told X followers.
CME Bitcoin futures positioning data. Source: Ki Young Ju on X.com
BitMart customers are complaining that withdrawal requests are still pending weeks after the crypto exchange’s self-described “orderly wind-down” on July 26.
BitMart promised, “Withdrawal services will remain available.” Two weeks later, a customer who requested a withdrawal claims it still has his millions.
“WHERE IS OUR MONEY?” asked the customer. The appeal received over 150,000 views on Sunday. “$10.1 million on BitMart. Since July 26, I haven’t been able to withdraw single dollar.”
He also claims that his BitMart VIP manager, “Tony,” deleted his Telegram account on the day withdrawals stalled. He added, “Tens of thousands of people have been waiting for their funds since July 26.”
Smaller account holders have posted similar complaints on social media. Another customer said BitMart released just $5 of his roughly $24,000 withdrawal request on Saturday. He asked, “This is a joke, right?” and called the process “more like a letdown than a wind-down.”
Complaints extend well beyond individuals. Crypto project Gen6 said it filed a complaint with Hungarian police over some $80,000 in withdrawals requests “refused without explanation since Jul 26.”
Paxi Network demanded the exchange release its users’ and market makers’ funds, insisting, “These funds do not belong to BitMart.”
Scandic Coin reported three withdrawal requests submitted on July 26, including one for $21,898 worth of the USDT stablecoin, still allegedly unprocessed nearly eight days later.
Read more: Crypto exchange BitForex shuts down withdrawals and disappears
BitMart denies exit scam, asks for patience
On Saturday, BitMart founder Sheldon Xia broke two weeks of silence to deny that the exchange ran off with customer funds. He posted a four-point statement in Chinese, then posted an English version, “We have not disappeared, nor will we.”
Xia denied misappropriating assets or pulling funds out early.
Xia said the team is still tallying and consolidating what it holds, and floated the possibilty of “involving the courts and independent third-party auditors to provide a transparent report.”
The statement contained no figures, no timeline, and no proof of reserves. Curiously, the denial arrived on the final day BitMart gave US customers to get their crypto off the platform.
BitMart has an unfortunate history of deflecting withdrawal complaints. In May 2026, it blamed circulating claims that “BitMart cannot withdraw” on risk controls that intercepted “a malicious volume-farming group” running 239 linked accounts.
Two days before the wind-down announcement, BitMart fired its executive Nathan Chow, who said, “I was not involved in the decision announced today, not consulted on it, and not informed of it.”
On-chain data does BitMart no favors
Holdings by crypto wallets attributed to BitMart by Arkham Intelligence slid from about $102 million on July 6 to $69 million by July 27, while BMX, the exchange’s own token, crashed 81% in a week.
As of Sunday evening, Arkham’s tracker estimated the exchange held $59.3 million.
Unfortunately, BitMart’s largest tracked holding per Arkham is $22.5 million of a little-known token called Ten Best Coins, followed by $13.6 million of another obscure altcoin, WeFi.
In contrast, its tracked BTC totals a mere $300,000, alongside just $235,000 of ETH and $436,000 of USDC.
DefiLlama, which also monitors holdings of various entities, currently counts about $2.6 million worth of assets on the exchange — far below Arkham’s estimate.
BitMart survived another major crisis in December 2021 when hackers drained up to $196 million from its crypto wallets.
The exchange suspended withdrawals and pledged to compensate users from its own funds.
Nearly five years later, Xia is asking for patience and thanking users for their trust.
BitMart’s exchange token BMX has lost four-fifths of its value over the last month and currently trades more than 90% below its June 2024 all-time high.
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Standard Chartered’s Geoff Kendrick has laid out a bullish long-term case for Chainlink (LINK), tying potential LINK growth to the expanding tokenization of real-world assets (RWAs) and the infrastructure needed to make those assets work reliably on-chain.
In a report shared with Cointelegraph, Kendrick forecast that tokenized RWAs could reach $4 trillion by the end of 2028—creating a larger market for secure, verifiable external data. He argues this could translate into a major increase in Chainlink’s fee generation and ultimately push LINK to as high as $200 by the end of 2030, up from roughly $8 at the time of the report.
Key takeaways
- Standard Chartered expects tokenized RWAs to grow to $4 trillion by the end of 2028, expanding demand for secure on-chain data services.
- Kendrick links that demand to increased fee generation for Chainlink and a potential LINK price target of $200 by 2030.
- The forecast also projects tokenized and crypto-native decentralized finance (DeFi) assets rising to $2.7 trillion by 2030.
- Risks to the forecast include slower-than-expected institutional tokenization, competitive pressure from other oracle providers, and possible technical setbacks.
Why tokenized RWAs could boost oracle demand
Kendrick’s central point is that tokenized assets require more than just on-chain execution—they need trusted external information to be brought securely to blockchains. He said the growth of tokenized RWAs would increase the need for external data delivered “securely onchain,” which could support higher fee generation for Chainlink.
The report frames Chainlink as a key infrastructure layer for that process. By Kendrick’s account, tokenized ecosystems will need dependable data feeds, interoperability across networks, privacy-preserving compliance, and integration with established financial systems—requirements that he argues only Chainlink is currently positioned to provide.
From DeFi growth to a larger “data plumbing” market
The bullish thesis extends beyond RWAs. Standard Chartered also forecast a 37-fold increase in tokenized and crypto-native assets deployed in DeFi, projecting such assets could reach $2.7 trillion by the end of 2030.
That matters because DeFi participation often depends on continuous access to verified information—whether for pricing, settlement conditions, risk parameters, compliance-related checks, or cross-chain interoperability. Kendrick suggested these use cases will require trusted data delivery, privacy-preserving compliance, and system-to-system integration, creating broader demand for oracle services across multiple DeFi and tokenization workflows.
Signals from the market: tokenized RWA volumes are rising
The report arrives as on-chain tokenized-asset activity continues to expand. Cointelegraph noted that tokenized RWA trading on decentralized exchanges reached a new all-time high of $141 billion in July, according to CryptoRank data cited in the article. The same dataset indicated this represented a 19.5% month-over-month increase, with public equities identified as a major driver.
While a single month of DEX trading volume doesn’t automatically translate into future oracle revenue, it does reinforce the direction of travel: more tokenized assets are being traded onchain, and that usually implies a larger ecosystem of issuers, exchanges, custody and compliance providers, and the middleware needed to keep systems synchronized and verifiable.
Chainlink’s position—and the caveats
In the same coverage, Chainlink was described as the leading decentralized oracle provider for cross-chain communication, with $34.4 billion in total value secured, while Chronicle was cited as second with $7.36 billion. Those figures were attributed to DefiLlama’s oracle data.
At the same time, Standard Chartered’s Kendrick stressed that the LINK price path to his $200 target is not guaranteed. In the report, potential risks include slower-than-expected institutional tokenization efforts, competition from specialist oracle providers, and potential technical setbacks that could affect performance or adoption.
For investors and builders, the practical takeaway is that the thesis depends on execution on multiple fronts: tokenization must scale, institutional participants must move beyond pilots, and the required data and compliance tooling must work smoothly at real-world volume. If any of those steps stall, the timeline—and the magnitude—of the projected LINK upside could be pressured.
Readers should watch next how tokenized asset issuance and DEX/DeFi deployment evolve through the remainder of the decade, and whether oracle competitors gain traction. The most important variable will likely be whether tokenization growth keeps translating into sustained, verifiable on-chain data demands—the same mechanism Standard Chartered’s forecast is built on.
Varex Imaging (VREX) soared over 48% after Teledyne Technologies (TDY) announced it will acquire the X-Ray company in a deal valued at about $1.1 billion. Teledyne shares edged higher, rising within a buy zone. Teledyne, part of IBD’s aerospace and defense industry group, agreed to pay $18.90 per share in cash, a premium of 52% from Varex’s closing price on…
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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.
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.
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.
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.
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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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Reading the chart is free. Backing the call costs something, which is exactly why the odds on Kalshi tend to move before the headlines do.
It’s a CFTC-regulated exchange for event contracts: the Fed, inflation, crypto price levels, resolved against a defined source. Being right on a slow timeline still loses if the contract expires first, so mind the dates.
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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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