The warehouse facility gives Ethena another source of returns for the assets backing USDe while channeling onchain capital into overcollateralized institutional loans.

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The American Bankers Association seeks to strengthen the Clarity Act, not kill it, argues Rob Nichols, president and CEO of the ABA.

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A new batch of GTA VI leaks are being used by an X user to pump their crypto as part of a “secret project.”

The user, who goes by the name “CyberLeek,” shared GTA VI gameplay footage alongside the ticker for a crypto called $CYBERLEEK yesterday.  

It included details about GTA VI’s map and footage of free-roam gameplay that, at the time of writing, are no longer viewable on X following a copyright strike from the game’s creator, Rockstar Games.

CyberLeek is raising funds for ‘secret project’

CyberLeek created their token to raise funds for a “secret project” that they claim cannot be revealed, as “showing the cards to the big corporations would only give them time to build their defenses.”

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Read more: Bitcoin spikes after GTA VI trailer leak says ‘Buy $BTC’

They said, “Let it be absolutely clear: this is not a cash grab. Funding is directed toward the infrastructure needed to strike, as well as the security and protection required to withstand the inevitable corporate counterattacks.”

Their posts pushed the token’s market cap up almost 5,800% within an hour to $3.46 million. Its market cap is $1.5 million at the time of writing. 

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What are CyberLeek’s motives? 

According to CyberLeek’s website, the leaks stem from their grievances with anti-consumer practices within the video game industry. 

CyberLeek claims they will target any gaming company that sells digital pre-orders, locks single-player content behind a paywall, and doesn’t strive to preserve long-term offline access to single-player content. 

For instance, they claim pre-orders “were created because physical discs had manufacturing limits. In digital distribution, there is no inventory. There is no stock shortage. A digital copy cannot sell out. Yet publishers kept the preorder system and stripped away its only consumer benefit.”

CyberLeek has threatened to leak more footage unless Rockstar Games meets their demands.

GTA VI’s no-disc descision has rocked the boat

GTA VI will be the first major game to release without a disc. Its digital pre-orders will be, like CyberLeek noted, in infinite supply while Rockstar’s “physical” release will take the form of a redeemable code packaged in a game box. 

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The announcement of GTA VI’s release plan, alongside Sony’s decision to no longer produce game discs, has led to lawsuits and uproar from gamers who advocate for physical media and game preservation. 

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.

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Bitcoin posted a modest recovery on Wednesday, which helped it climb above $64,000. The cryptocurrency is still almost 50% down from its all-time high, but VanEck’s latest analysis revealed that 8 of 12 tracked signals in its “Bitcoin Capitulation Check” are now firing.

This suggests that the market may be nearing the end of its correction phase.

Shallower Trough

VanEck said that all 12 signals entered their capitulation zones at some point over the past three months, while BTC itself has spent the past month stabilizing after recovering from its June summer low and may have bottomed near $58,500 on June 30.

Meanwhile, US spot Bitcoin ETFs have recorded more than $950 million in net inflows so far in August, which points to some renewed institutional demand even as the crypto asset remains below its record high.

VanEck expects a shallower trough this cycle compared with previous Bitcoin downturns. Earlier bottoms saw drawdowns of 94%, 85%, 84%, and 78%. Those periods also came before the current spot ETF market and when institutional ownership was much smaller. More importantly, each of those cycles saw major failures across the market. This time, there has been no Celsius, Three Arrows Capital, or FTX collapse.

According to its findings, Bitcoin appears to have gone through price capitulation, and the market is nearing or currently in an accumulation phase.

That accumulation phase could gain further momentum if more capital begins moving back into crypto, which Bitfinex identifies as the major missing piece for Bitcoin’s next rally. In its latest Alpha report, the exchange said two of the three conditions for a BTC rally are already in place: lower expected rates and already-loose financial conditions.

The third – capital flowing from equities, technology, and AI markets into crypto – has yet to materialize. For instance, corporate Bitcoin treasury activity has turned negative, and stablecoin supply remains below its May record. Bitfinex warned that in such a thin market, even relatively small changes in flows could produce an outsized move.

Bigger Move Ahead

Some investors are, however, already looking much further ahead.

SkyBridge Capital founder Anthony Scaramucci recently told CNBC that he expects Bitcoin to climb back above $100,000, a level the cryptocurrency has not closed above since November 2025. He believes the six-digit price territory will come around the halving, scheduled to take place in less than two years.

The post Bitcoin Just Hit 8 of 12 Capitulation Signals; VanEck Thinks the Pain May Be Nearing Its End appeared first on CryptoPotato.

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Silver has had one of its strongest months in years, but this week’s price action shows just how fragile precious metals rallies can be when bond markets get nervous. The metal surged nearly 10% last week after July’s Non-Farm Payrolls badly missed expectations, printing a loss of 23,000 jobs, prompting markets to price out any chance of a September Fed hike and reviving safe-haven demand.

That momentum reversed on Tuesday, however, with silver dropping toward $64 as global bond yields spiked to multi-year highs on mounting concerns over government spending and persistent inflationary pressures. Rising oil prices added to the unease, keeping inflation risks firmly in focus even as rate-hike expectations continue to fade.

Beneath the volatility, the structural picture remains supportive: silver continues to draw solid demand from the green energy transition, solar panels, electric vehicles, and AI data centre infrastructure, all keeping a floor under prices. All eyes now turn to the Fed’s July meeting minutes and Chair Kevin Warsh’s remarks at Jackson Hole, both expected to offer fresh clues on the path ahead for rates.

Technical Analysis of XAG/USD

As XAG/USD chart shows, silver broke above its descending trendline from June’s highs in early August, a genuine shift after weeks of decline, and has since been holding above the 0.382 Fibonacci retracement near 62.88, right where the 200-period EMA also sits nearby at 62.27. The broader recovery has been building on an ascending trendline off the mid-July lows.

Bullish Scenario

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Should buyers defend this 0.382-EMA confluence and push higher, the path would open toward a retest of the 66.73 highs, the 0 Fibonacci level marking the origin of the entire decline. A confirmed break above that zone would signal the correction is fully over.

Bearish Scenario

Conversely, a break below the 0.382 retracement and the ascending trendline would expose the 0.5 level near 61.69, with a deeper slide risking a retest of the 0.618 retracement around 60.49, or even the triangle apex near 56.64 if selling pressure accelerates.

With price sitting right at the intersection of a reclaimed trendline, the 200-period EMA, and a key Fibonacci level, silver looks poised for a decisive move, will this recovery extend toward fresh monthly highs, or does the recent bond market turmoil drag the metal back into its prior range?

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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.

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On the last Friday of July, an Ethereum wallet linked by on-chain analysts to Arthur Hayes suddenly started selling.

Within minutes, 2,364 ETH was sent to Cumberland and Galaxy Digital, two major crypto trading firms. The wallet sold at around $1,821 per ETH, crystallizing a loss of roughly $241,000 on coins it had bought only weeks earlier. 

Then came the strange part.

Two days later, the same wallet started buying Ethereum again at roughly $1,869. By Monday evening, on August 3, 2026, it had accumulated around 2,676 ETH — leaving it with more ETH than it held before the sell-off.

Whatever prompted the wallet to exit on Friday appeared to have changed over the weekend.

Why would an experienced crypto investor like Arthur Hayes sell at a loss, only to buy back even more days later?

Lookonchain caught the transactions within hours and posted the line that has followed the BitMEX co-founder for years:

“Arthur Hayes bought high and sold low again!”

That word, “again,” carries a serious accusation. It implies a pattern. It implies that crypto’s most quoted macro commentator, a man whose essays can move markets, is also its most reliable inverse indicator. 

The Jim Cramer of crypto, as the meme goes.

But jokes are cheap. Receipts are not. So BeInCrypto pulled every transaction from the three wallets attributed to Hayes for the past two years and eight months, priced every trade, matched every sell against the buys that came before it, and added it all up.

The answer: the meme is half true. The half that is true cost him about $2.47 million. And the most interesting finding is not where he loses. It is the one place he wins.

The Scoreboard: One Winner, Six Losers

The wallets lost roughly $2.47 million overall. ENA — where Hayes is an adviser and token holder — was the only profitable token, offsetting about $5.5 million in losses elsewhere.

Meanwhile, if you consider just the closed reconstructed trades, the result is a loss of $2.24 million. 

Include the open positions our model tracks, roughly 8,165 ETH purchased inside the window at an average of $1,884 and 25.3 million ENA at an average of $0.091, both currently underwater, and the total reaches minus $2.47 million on roughly $92 million put to work. 

Note that the wallets hold more than the model tracks, about 10,800 ETH and 28.45 million ENA per Arkham. The gaps are pre-window coins, and 3.1 million ENA received from an Ethena multisig on August 10, none of which has a purchase price in our window, so none enters the profit math.

The trade record: 15 wins, 25 losses.

Token by token, the picture is stark. 

• ETH lost a reconstructed $2.04 million. 
• SYN lost $1.41 million. 
• LDO lost $1.26 million.
• ETHFI lost $474,000. 
• PEPE lost $152,000. 
• PENDLE lost $124,000.

One token made money: ENA, up $3.23 million.

ENA is the governance token of Ethena. It is a project Hayes formally advises, holds vested tokens in, and promotes relentlessly. 

On the six tokens where he is just another trader with a strong opinion, the wallets lost about $5.5 million. On the one token where he has an insider’s seat, he made $3 million.

The ETH Pattern: Sell Low, Rebuy High

Ethereum is where the meme earns its keep because of the repeated pattern of buying high and selling low. Our findings show that Hayes-linked wallets sold into short-term fear, then bought back after prices recovered, sometimes at a steep premium.

The wallets traded ETH 34 times in our window, and the choreography repeats: sell into fear, watch the market steady, buy back at a worse price.

The clearest example ran through August 2025. 

On August 1, with Hayes publicly cautious on the macro picture, the wallet deposited 2,373 ETH to two trading desks, a sale Lookonchain tracked at about $3,507 per coin. Ethereum ignored the fear and ran almost straight up. 

On August 10, the same wallet bought 1,500 ETH back at around $4,252. Same asset, roughly $745 per coin more expensive. On the rebought coins alone, the exit and re-entry cost roughly $1.1 million.

The July 2026 episode that opened this article follows the identical script, compressed into a weekend. Sell 2,364 ETH at a $241,000 realized loss on Friday. 

Rebuy more than that by Monday. The loss purchased nothing: no protection, no dry powder, no changed thesis. Both transactions sit on the chain for anyone to verify, including the 1,167 ETH transfer to Cumberland.

Each individual sale had a reason. A scary macro print, a tariff headline, a liquidity worry, all articulated in Hayes’s essays. The problem is not any single decision. 

It is that his fear operates on a weekend timescale while Ethereum’s moves operate on a monthly one. The wallets kept selling dips and rebuying recoveries, and the running total of ETH trading only found new lows.

The Counterexample: He Traded ENA Brilliantly, Once

Fairness demands the ENA chapter, because it was a clear exception.

Hayes-linked wallets timed the token far better than other trades, generating millions in profit — though the latest ENA position is already underwater.

In late November 2024, the wallets spent about $11.2 million, accumulating 16.79 million ENA at around $0.67 through Binance, Wintermute, and Flowdesk. 

Then, unusually, Hayes waited. Three weeks later, on December 21, two hours after tweeting praise of Ethena, the wallet moved $8.4 million of ENA to Binance and sold near $1.19, roughly 78% above his $0.67 entry a month earlier. Our reconstruction credits about $3.7 million of realized profit on that day’s sale.

The criticism that followed concerned ethics: promoting a token publicly and selling into the pump within two hours. Nobody called the trade dumb. 

Across our full window, his ENA buys were followed by an average 30% outperformance within a month, and his ENA sells preceded 22% underperformance. Both sides of the trade, timed well, repeatedly.

Why is Arthur Hayes Good With ENA Trades?

Two structural reasons. First, proximity. Maelstrom advises Ethena. Second, patience, but only here.

He held the November position for weeks, while his ETH conviction has a shelf life of days.

The 2026 sequel is going worse. Lookonchain data shows he bought 15.8 million ENA at $0.23 in February and sold 3.6 million at $0.14. 

And in the few days before publication, the wallets went back in hard. They made a run of market purchases between August 1 and August 6 through Binance, Wintermute, Flowdesk, and Galaxy Digital, totaling roughly 25 million ENA at $0.08 to $0.09, timed directly into Ethena’s August 5 unlock of 172 million new tokens.

A further 3.1 million ENA arrived on August 10 from an Ethena multisig, consistent with a vesting distribution, which we exclude from his buys. ENA trades at $0.082 as we publish, 94% below its 2024 peak, and the purchased tranche is already underwater.

The Tuition Bills

The smaller trades show the same problem: Hayes-linked wallets repeatedly bought narratives too late or exited too early, turning strong convictions into heavy losses.

The worst single entry in the file is SYN. The wallets put $2 million into Synapse, watched it lose more than half its value against the market within a month, and finally flushed the position on August 1, 2026, selling 6.16 million SYN for $658,000. 33 cents back on every dollar in.

The most Cramer-shaped moment belongs to PENDLE. On September 12, 2024, Hayes tweeted that he was betting PENDLE would reach $10. 

Nine days later, the wallets sold 1.2 million PENDLE, about 61% of the position, at around $3.52, including one tranche dumped at a 36% loss. After the sale, PENDLE rallied 24% almost immediately.

The Verdict: Not Cramer, Something More Specific

Here is a twist. Hayes appears to have a real edge when entering trades; his buys outperform over the next month, but poor exits and weak long-term holds repeatedly erase that advantage.

For every purchase in the dataset, we asked one question. What did that token do over the next 30 days, compared with what it usually does? 

The comparison matters. Every token has a typical 30-day move across our period, its drift.

Against that bar, Hayes, the buyer, is genuinely good. The tokens he bought went on to beat their own drift by about 10% over the following month, weighted by how much money he put in. 

His nose for what is about to run is real. It is also why blindly doing the opposite of Hayes, the strategy Crypto Twitter jokes about, would have worked worse than the joke assumes.

The catch is that the 10% is what his entries were worth if held for a month. He almost never held for a month. The Friday-night sale, the PENDLE dump nine days after his own price target, and the ETH buyback at $4,252. Each of those exits cashed in the edge early or converted it into a realized loss.

And when he did hold on, the market eventually came for him anyway. Stretch the same measurement to 90 days, and it inverts. His buys trailed their drift by 20.5% within a quarter. The strength he buys is real but old. It pays for about a month after he arrives, then dies.

Put those numbers side by side, and you have the whole trader. His instincts run on a 30-day clock. But his nerves run on a 3-day clock. His losses live in the gap between the two.

That gap is the scoreboard. The one-month edge makes every individual entry defensible, which is why no single Hayes trade ever looks stupid in isolation. The three-day nerves mean he keeps interrupting his own best ideas. 

Is Arthur Hayes Crypto’s Jim Cramer?

So is he a profitable trader? On the evidence of the visible wallets, no.

Is he crypto’s Jim Cramer? Also, no, and the difference matters.

Cramer’s joke is that he is simply wrong. Hayes is not wrong. He is early on a one-month clock and gone either too soon or too late.

One final point of fairness. Whatever his trading record says, Hayes remains structurally long Ethereum.

Beyond the ETH the wallets hold outright, Arkham shows roughly 3,176 eETH and 1,167 weETH in staked positions, taking his total exposure to about 15,200 ETH equivalent, worth around $28.5 million. 

He trades around the position badly, but he has never abandoned it. And a $2.47 million trading loss is a rounding error against a net worth Arkham estimates at $200 million to $350 million, most of it built at BitMEX, the exchange he co-founded, which announced on July 23 that it will shut down permanently on September 23 after 11 years. 

The wallets we examined hold $33 million as of writing. Hayes never bets enough to get hurt, and nothing here speaks to how Maelstrom’s fund, which we cannot see, performs.

His trades are not uniquely bad. They are ordinarily bad, narrated in extraordinary essays, and permanently on display.

How we Read Arthur Hayes On-Chain Trades

Everything on a blockchain is public and permanent. We analyzed three Ethereum wallets tagged to Arthur Hayes by Arkham Intelligence, and trackers such as Lookonchain have reported on them as his for over two years:

1. 1. 0x534a0076fb7c2b1f83fa21497429ad7ad3bd7587
2. 2. 0xa86e3d1c80a750a310b484fb9bdc470753a7506f
3. 3. 0x6cd66DbdFe289ab83d7311B668ADA83A12447e21

Hayes has replied to posts about these wallets. He has never said they are not his. He has also never formally confirmed ownership, which is why the article describes the “wallets attributed to Hayes” rather than asserting ownership.

We downloaded the complete history of all three wallets, roughly 17,000 transfers, and then cleaned it. Out went thousands of scam deposits from address-poisoning attackers, including 624 fake versions of “USDC” built with lookalike characters. 

Out went staking transactions, which move tokens without selling them. Also, out went roughly $35 million of tokens that arrived from vesting contracts, because Hayes advises projects including Ethena and Ether.fi through his fund Maelstrom, and receiving a token salary is not the same as buying with conviction.

What survived were 124 real trades between December 2023 and August 14, 2026. 82 buys worth $92 million. 42 sells worth $73 million, and seven tokens: ETH, ENA, PENDLE, ETHFI, SYN, LDO, and PEPE.

For every sell, we matched the coins against the earliest unsold purchases before it, the standard first-in-first-out method, and asked a simple question. Did this trade make money?

One honest note. We price trades at daily closing prices, and actual fills differ slightly. 

Every figure here is a careful reconstruction, not an audit. The direction of the numbers is robust.

BeInCrypto has contacted Hayes and the Maelstrom fund for comment and will update this article with any response.

Disclaimer: This article is based on public blockchain data and third-party attribution. It is provided for informational purposes and is not investment advice.

The post Is Arthur Hayes Crypto’s Jim Cramer? 124 Trades Show a Clear Pattern appeared first on BeInCrypto.

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Ripple said the $275 million raised will support its expansion into traditional financial services such as prime brokerage and multi-asset clearing, citing strong demand from institutions.

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