WikiBit Crypto Weekly Market Frontline: The Calm Before the Storm? Whales Are “Fighting Each Other”

This week, Bitcoin (BTC) has been hovering around $63,000, looking almost frozen in place. Spot trading volume has dropped to the lowest level since 2019! The market has entered “garbage time” — nobody is trading. Its more hypnotic than watching a group of elderly people practicing Tai Chi.  So, what are whales doing?  On the surface, everything looks calm. But beneath the water, the whales are fighting!  Some major players are quietly accumulating, scooping up 46,000 BTC in the past 60 days. Meanwhile, another whale opened a massive leveraged long position around $63,700, pushing the position size to nearly $110 million.  At the same time, another group of large holders has been aggressively selling and dumping.  The market is showing extreme disagreement between bulls and bears:  One side is shouting “buy,” while the other side is selling hard.  Basically, they are all calling each other idiots.  Where is institutional money going?  The ETF data looks impressive — 8 consecutive days of net inflows sounds bullish.  But when you look closer, the entire trend is being driven almost entirely by BlackRock.  Other institutions are either seeing zero inflows or experiencing outflows.  If BlackRocks buying momentum slows down, this market could flip very quickly.  Macro environment:  The situation is getting complicated.Tanker tensions around Iran are raising

14 گھنٹے پہلےگہرا غوطہ

SEC delays Regulation Crypto meeting with no new date

The U.S. Securities and Exchange Commission cancelled its Aug. 14 open meeting on Regulation Crypto late Thursday, delaying a vote on whether to publish proposed rules for certain crypto asset offerings.  The meeting had been scheduled for 10:00 a.m. ET and contained one agenda item: a tailored offering regime for certain investment contracts involving crypto assets. The SECs official notice confirms the meeting was cancelled.  The cancellation should not be read as the SEC withdrawing Regulation Crypto. The formal notice gave no reason or replacement date. An agency spokesperson separately told Reuters that the meeting would be moved “due to an unforeseen scheduling issue.” No new meeting date has been announced.  SEC Regulation Crypto remains in the rulemaking pipeline  The strongest evidence that the proposal remains active comes from the federal regulatory review system. Reginfo.gov currently lists the SECs “Crypto Assets” proposal, RIN 3235-AN38, as pending review. The proposed rule was received on Aug. 12, two days before the planned Commission meeting, and has no legal deadline.  The SECs Aug. 10 agenda described the planned action more narrowly than some reports. Commissioners were to decide whether to issue a proposal creating a tailored offering regime for certain crypto investment contracts. As crypto.news reported when the

15 گھنٹے پہلےانڈسٹری

Leon Li Returns with UMX: Crypto and Stocks “Tie the Knot” — The TradFi Moment Has Arrived, and the

Recently, UMX Exchange, incubated by Leon Li s (Li Lin) Avenir Group, officially launched its invitation-only public beta.  Because of Leon Li ‘sidentity as the former founder of Huobi and UMX’s “Unified Market” vision, the platform attracted strong industry attention immediately after launch.  Thirteen years ago, Leon Li founded Huobi at Garage Coffee. That was the era of crypto “land grabbing,” when the industrys mission was simple: make Bitcoin accessible to more people. It was straightforward and aggressive.  Thirteen years later, the rules of the game have changed.  Cryptos self-contained “small world” is coming to an end. It now wants a seat at the same table as U.S. stocks, ETFs, and other forms of “old money.”  The reason is simple: the crypto island is gradually connecting with the traditional financial mainland.  Bitcoin spot ETFs have been approved in the United States. Stablecoins have gained legislative recognition from major economies. Real-world assets (RWA) are bringing government bonds and stocks into the crypto ecosystem. The era when crypto-operates independently is fading, and a new continent is emerging at the intersection of digital assets and traditional finance.  2026 can be described as the “TradFi moment” for crypto exchanges.  Crypto exchanges are collectively “transforming” or “expanding”: Binance, OKX, Gate, Coinbase, Kraken, and

16 گھنٹے پہلےگہرا غوطہ

Strategy, Metaplanet face MSCI index removal proposal

MSCI is considering a new methodology that could remove Strategy and Metaplanet from its Global Investable Market Indexes as early as the November 2026 Index Review.  SummaryMSCIs May simulation would delete Strategy, Metaplanet and Yellow Cake under proposed non-operating company screens.SharpLink would enter a watchlist because current constituents need two consecutive annual failures before removal.Companies failing the core screen become ineligible after triggering four of five financial ratio tests.Consultation closes September 30, with results due October 16 and possible November implementation by MSCI.MSCI abandoned its earlier crypto-only exclusion proposal in January and promised this broader company review.  A simulation using May data identified the two Bitcoin treasury companies and U.K. uranium investor Yellow Cake as the three existing constituents that would be deleted under the proposed rules.  The proposal remains a consultation, not a final index decision. MSCIs announcement says feedback remains open through Sept. 30, with results expected by Oct. 16. Any methodology change would then be targeted for the November review. MSCI explicitly warns that the consultation “may or may not” result in the proposed changes.  You might also like:  Metaplanet launches BitBonds with ¥200M private sale  MSCI proposal replaces the earlier crypto specific test  The current review is broader than MSCIs earlier attempt to

17 گھنٹے پہلےانڈسٹری

Ethereum study flags 65,340 risky addresses tied to $574.8M

A USENIX Security 26 study has identified 65,340 high-risk address instances across Ethereum and BNB Smart Chain, linking them to 126,982.94 ETH and 17,726.7 BNB in native-token losses.  The paper, presented at the 35th USENIX Security Symposium in Baltimore, estimates their dollar value at more than $574.8 million.  The dollar figure needs context. The researchers say they valued the token losses using reference prices of $4,408 per ETH and $847 per BNB rather than prices at the time of every transaction. They describe their findings as a “conservative lower bound” because the analysis covers only native ETH and BNB on the two networks and may miss less obvious cases.  USENIX Security 26 Study Identifies 65,000+ High-Risk Crypto Addresses Linked to $574.8M in Losses  A study presented at USENIX Security 26 identified 65,340 high-risk cryptocurrency addresses involved in abuse across Ethereum and BNB Chain, with estimated losses exceeding…  Ethereum address misuse spans contract and private-key risks  The researchers divide “Address Misuse” into two categories. Contract Account misuse happens when users treat an address without deployed contract code as a contract address, often because the same address is used in another network context. The study identified 49,344 such instances, associated with losses of 22,738.41 ETH and 8,681.41 BNB.  Externally

17 گھنٹے پہلےانڈسٹری

JPMorgan shuttered its banking relationship with predictions platform Polymarket: FT

SummaryJPMorgan stopped providing banking services to the decentralized prediction market Polymarket in late 2025 amid regulatory concerns, according to the Financial Times.Polymarket, which was barred from serving U.S. users in 2022 after a $1.4 million CFTC settlement, reentered the U.S. market in late 2025 following a loosening of federal rules under the Trump administration.  JPMorgan Chase stopped providing its banking services to the decentralized prediction market platform Polymarket late last year, according to the Financial Times.  In October 2025 the bank told Polymarket it would have to secure a different banking partner amid regulatory worries. Polymarket has already moved to another lender, though that firms name remains undisclosed, the FT report said.  Polymarket was barred from serving U.S. users in 2022 after the CFTC hit the platform with a $1.4 million settlement for running an unregistered derivatives trading venue. The company nonetheless returned to the U.S. market in late 2025 once the Trump administration loosened federal rules.  Even after cutting the formal banking link, JPMorgan has reportedly kept some connection. For instance, it invited Polymarket CEO Shayne Coplan to address a private client conference in February 2026 and is still angling for a role underwriting any future IPO.  CoinDesk reached out to Polymarket for a

17 گھنٹے پہلےانڈسٹری

Gemini Shares Drop 7% Even as Net Loss Narrows to $107 Million

Gemini Space Station (GEMI) stock slid 7% to $4.00 in after-hours trading Thursday after the crypto exchange reported a second-quarter net loss of $107.7 million.  The loss came in 19% smaller than a year earlier, and revenue climbed 37% to $45.5 million. Even so, a fraud charge and thinner trading volumes overshadowed the companys progress.  Sponsored  Sponsored  Services Revenue Doubles as Crypto Trading Dries Up  The stock closed the regular session 3.12% higher at $4.30 before the company released earnings after the bell, which reversed the gains.  Follow us on Xto get the latest news as it happens  Gemini Space Station (GEMI) Stock Performance. Source: Google Finance  According to the press release, net loss per share came in at $0.89, against $27.08 a year earlier. Services revenue and interest income climbed 117% to $26.0 million. Credit card revenue supplied most of that gain, rising 231% to $16.2 million, while staking added $4 million.  OTC revenue jumped to $4.7 million from $0.6 million on heavier institutional trading. In addition, prediction markets added $0.5 million.  Exchange revenue moved the other way. It fell 38% to $12.5 million as crypto trading volume shrank to $3.8 billion from $11.3 billion a year earlier.  Sponsored  Sponsored  “While we still have work to do as a company, this quarters

18 گھنٹے پہلےانڈسٹری

SharpLink plans $200M ETH stake through Lido

Nasdaq-listed SharpLink plans to stake $200 million of Ether through Lido and hold the resulting wrapped staked ETH with Anchorage Digital, expanding its strategy for generating returns from its corporate Ethereum treasury.  SummarySharpLink plans to stake $200 million of ETH through Lido and receive wstETH in return.Anchorage Digital will custody wstETH, adding Lido to SharpLinks existing institutional staking and restaking strategy.SharpLink held 888,938 ETH equivalents on August 3, according to its latest quarterly results filing.Lido reports roughly $16.5 billion of ETH staked and wstETH integrations across over 100 protocols.SharpLink shares rose 2.3% Thursday to $6.32, while ETH traded near $1,625 after-hours that day.  The company announced the allocation on Aug. 13 but did not disclose a transaction hash or timetable showing that the full deployment had already been completed.  The allocation comes days after SharpLink reported holding 888,938 ETH and ETH equivalents as of Aug. 3. Its latest quarterly filing shows staking has already become its main revenue source, producing $11.2 million of its $11.5 million in second-quarter revenue.  You might also like:  SharpLink posts $394M Q2 loss on ETH write-downs  SharpLink adds Lido without buying another $200M of ETH  The transaction is a deployment of SharpLinks existing Ethereum treasury, not an announcement that it will purchase

18 گھنٹے پہلےانڈسٹری

Bitwise mulls tokenizing its Solana staking ETF via Superstate partnership

Quick TakeBitwise announced that it has partnered with Superstate to explore the tokenization of its funds.The crypto asset manager said it expects the Bitwise Solana Staking ETF to be the first fund tokenized under the potential initiative.  Bitwise Asset Management announced on Thursday a partnership with fintech firm Superstate to develop the capability to tokenize shares of certain Bitwise funds.  The firm stated Thursday that it expects the Bitwise Solana Staking ETF (BSOL) to be its first tokenized fund, though there is “no assurance” that it will launch.  Bitwise said that under the framework currently in development, tokenization would change only how share ownership is recorded, while investors would retain the same rights and purchasing channels.  “Shareholders could then elect to hold those shares either in traditional book-entry form through The Depository Trust Company or in tokenized form recorded on a blockchain and maintained through Superstates transfer agency infrastructure,” Bitwise explained.  Shares held in tokenized form would carry the same rights as those in book-entry form, though they would not be freely transferable outside the blockchain-based system.  Bitwise holds more than $9 billion in client assets and more than 70 investment products. Superstate partners with issuers and asset managers to bring securities onchain through platforms supporting

18 گھنٹے پہلےانڈسٹری

BitGo posts $19M Q2 loss despite 80% revenue surge to $4.3B

BitGo, a publicly listed digital asset infrastructure company, posted a $19 million net loss in the second quarter of 2026 despite revenue surging nearly 80% year-on-year to $4.3 billion.  BitGo (BTGO) on Wednesday reported that its net loss narrowed from $60.7 million in Q1, while revenue rose 14.7% quarter over quarter. The year-on-year swing to a loss largely reflected an $18.8 million unrealized loss on digital assets, compared with a $55.8 million unrealized gain a year earlier.  BitGo CEO Mike Belshe said during the earnings call that Q2 financial performance fell short of expectations.  “While we delivered revenue growth, profitability was impacted by lower margins and an unfavorable revenue mix,” Belshe said. He attributed the weaker margins to “lower spreads on certain spot transactions” and a smaller contribution from derivatives.  The company also authorized a share repurchase program of up to $50 million and expects its cost-cutting measures to generate about $15 million in annualized cash savings. BitGo expects expenses to decline in Q3 after cutting its workforce by about 15% in June.  BitGo shares fell 1.8% in overnight trading to $4.90 after closing Wednesday up 0.6% at $4.99, according to Yahoo Finance.  Related: Bitwise cuts 14% of staff while still expecting growth

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