Bitcoin speculators keep BTC price ‘pinned’ below $68.7K: Glassnode

Bitcoin (BTC) recent buyers are the latest hurdle to a breakout from a stubborn trading range in place since June.  Key points:Bitcoin short-term holders are keen to sell into range highs as they seek to break even on their investment.BTC price action remains stuck in its near three-month range as a result, Glassnode suggests.Nearly 9% of the BTC supply has a cost basis between $62,000 and $65,000.  Bitcoin short-term holders seeking breakeven exit  In the latest edition of its weekly newsletter, crypto analytics platform Glassnode highlighted the ongoing significance of Bitcoins speculative investor base.  Short-term holders (STHs) — those holding BTC acquired within the past six months — are currently around 7.2% underwater on their investment in aggregate. The cohorts cost basis, also known as realized price, which Glassnode calculates at $68,700, thus forms a key resistance level to clear.  “The cost-basis ladder frames the stalemate. Spot sits just above the Median Realized Price at $63.0K, the level that splits every coin‘s cost basis down the middle, and below the Short-Term Holder Cost Basis at $68.7K, the average entry of the market’s most recent buyers,” it wrote.  “That cohort is underwater, which historically makes it quick to sell into recoveries, while the median level has absorbed

3 دن پہلےانڈسٹری

‘DeFi doesn’t exist anymore, just onchain finance: Andre Cronje

Most decentralized finance (DeFi) protocols are no longer truly decentralized, according to Andre Cronje, founder of DeFi platform Flying Tulip and creator of Fantom Network.  “I don‘t think DeFi exists anymore outside of those very small niches,” Cronje told Cointelegraph during Thursday’s Chain Reaction X Spaces show.  He argued that “true DeFi” needs to be decentralized, immutable and without an intermediary, adding: “That statement isnt really true for pretty much any other protocols running today.”  Its an idea that Cronje has been raising for months. Earlier this year, he said much of DeFi is “no longer DeFi” in the strict sense, as builders debate whether circuit breakers and other emergency controls are now necessary to protect users from exploits.  Total value locked (TVL) in DeFi more than halved over the past 10 months, to $75 billion at the time of writing from $167 billion in early October 2025, according to DefiLlama.DeFi TVL, all-time chart. Source: DefiLlama  He‘s not alone in this thinking. The European Central Bank has also questioned whether decentralized autonomous organizations (DAOs) are sufficiently decentralized to remain outside regulators’ scope. In a March working paper, the ECB looked at Aave, MakerDAO, Ampleforth and Uniswap and found that the top 100 governance token holders

3 دن پہلےانڈسٹری

XRP Ledger Payments Hit Four-Month High as XRP Sits at $1

Daily successful payments on the XRP Ledger crossed 2.6 million for the first time in roughly four months, according to reporting from The Crypto Basic, aggregated by cryptorank.io on August 10, 2026. XRP is trading at $1.01 as this news dropped, with bullish on-chain metrics unable to provide the much-needed boost to price action.  The increase follows a prolonged period in which XRP traded at lower price levels while activity on the XRP Ledger declined. The latest reading points to a pickup in payments activity after that downtrend.  $XRP is showing a different kind of activity on the ledger today.  In the latest 24-hour window, XRPL processed about 1.45 million transactions. Around 495,000 were payments. More than 835,000 were OfferCreate transactions.  For people who dont watch the ledger closely,…  — MRCΛULIMΛN (@mrcauliman) August 12, 2026  XRP Ledger Payments Reach a Four-Month High  The 2.6 million figure was described as the highest level for daily successful XRP payments in four months. The Crypto Basic report, as aggregated by cryptorank.io, linked the increase to renewed activity on the XRP Ledger despite XRPs extended price decline.  The reading adds to a picture of elevated activity on the network, although the available data covers a single daily count. Earlier XRP Ledger figures

3 دن پہلےانڈسٹری

Binance bStocks tops $610M, overtakes xStocks within two months

Binance bStocks has overtaken xStocks to become the second-largest tokenized stock issuer by value, less than two months after the product entered the market.  SummaryBinance bStocks has become the second largest tokenized stock issuer, reaching $610.6 million in value.BStocks moved ahead of xStocks less than two months after its June launch.Ondo Finance remains the largest issuer, while the tokenized stock market tracked by Token Terminal has grown to about $2.7 billion.Binance co founder Changpeng Zhao attributed bStocks‘ rapid growth to the exchange’s existing user base.  Token Terminal data showed bStocks reached about $624 million in value on Aug. 3, moving ahead of xStocks at roughly $579 million while remaining behind Ondo Finance, which held about $927 million.  As of Tuesday, the gap between the two closest competitors had narrowed. BStocks held $610.6 million, compared with $601.2 million for xStocks, while Ondo remained the largest issuer in the Token Terminal ranking.  Tokenized stocks market cap by issuer. Source: Token Terminal data.  The change has come during a sharp expansion in tokenized equities, with the total value tracked by Token Terminal climbing from roughly $80 million a year ago to about $2.7 billion.  Binance bStocks has climbed to second place within two months  Launched in June, bStocks has gained

3 دن پہلےانڈسٹری

OranjeBTC plans ETF with 95% Strategy STRC allocation

Brazilian Bitcoin treasury company OranjeBTC plans to list a new income focused ETF on B3 in early September, giving local investors exposure to preferred shares issued by U.S. Bitcoin treasury companies Strategy and Strive.  SummaryOranjeBTC plans DIGY11 for B3, initially holding Strategy‘s STRC and Strive’s SATA preferred share securities.The fund targets monthly real-denominated distributions and expects listing in early September, subject to launch.OranjeBTC estimates distributions at CDI plus three to five points annually, but returns remain unguaranteed.Strategy‘s STRC currently pays a 12% annualized dividend rate, while Strive’s SATA pays 13% annually.DIGY11 will hedge dollar exposure, charge 0.90% management fees, and trade with daily liquidity locally.  The Digital Yield ETF, or DIGY11, will make monthly distributions in Brazilian reais and hedge its U.S. dollar exposure, according to the companys release.  The initial portfolio is expected to be heavily concentrated in Strategy‘s STRC preferred stock. Exame reported that STRC will represent 95% of the portfolio, leaving the remaining allocation for Strive’s SATA. OranjeBTCs broader public announcement confirms both securities and says STRC will have the largest weight, although it does not publish the exact 95% figure.  You might also like:  Bhutan taps 3iQ to manage part of Bitcoin treasury  OranjeBTC DIGY11 targets monthly income rather than Bitcoin exposure  DIGY11

3 دن پہلےانڈسٹری

Bitwise ETF Quarterly Filing and Index Methodology

Bitwise 10 Crypto Index ETF filed its quarterly report on Form 10-Q for the period ended June 30, 2026. The fund trades under the ticker BITW on NYSE Arca, according to the filing.  The BITW fund includes BTC, ETH, XRP, SOL, HYPE, ADA, SUI, LTC, LINK, and XLM, which combined account for around $1.6 trillion of the $2.2 trillion total crypto market cap.  The quarterly report from Bitwise comes amid the firm cutting 14% of its workforce as a result of the ongoing crypto slump. This accounts for around 25 jobs being trimmed.  What the Bitwise ETF Filing Confirms  The filing identifies Bitwise Investment Advisers, LLC as the sponsor and lists the fund as a Delaware registrant. It also states that BITW had 14,141,947 shares outstanding as of August 2, 2026.  ???? NEW: Bitwise cuts 14% of its workforce amid the crypto price slump, trimming staff to about 155 from 180. pic.twitter.com/Uwt3lt3oAh  — Cointelegraph (@Cointelegraph) August 12, 2026  The report cautions that crypto assets have experienced extreme volatility and that market prices and conditions may materially affect the value of the trusts shares. It also identifies regulatory developments, liquidity, custody, and the operations of crypto-asset networks among the risks facing the fund.  DISCOVER: Best Meme Coins to Buy

3 دن پہلےانڈسٹری

Fidelity FETH Ethereum ETF Staking Filing Explained

FD Funds Management LLC, sponsor of the Fidelity Crypto Ethereum Fund (FETH), filed a pre-effective amendment to its Form S-3 registration statement with the U.S. SEC on July 24, 2026, adding disclosure that would let the fund stake up to 100% of its ether (ETH) holdings.  The amendment explicitly states that no additional securities are being registered and updates a prior S-1 that the SEC had declared effective on July 31, 2025.  This is not simply a housekeeping update to a shelf registration. It is Fidelitys attempt to attach ETH staking rewards to a spot Ethereum ETF that launched without that feature, and the filing itself frames staking as an activity the sponsor expects to begin once the registration statement becomes effective, not one that is already underway.  DISCOVER: Best Meme Coins to Buy in 2026  Fidelity Crypto FETH News: What the Amendment Actually Changes  The prospectus language describes the Trust staking ether through custodians and node operators under normal circumstances, while reserving a portion for redemptions, expenses, and liquidity management under what the filing calls its Liquidity Program.  BULLISH: $7.8 trillion Fidelity to enable Ethereum staking and quarterly cash payouts for its spot $ETH ETF. pic.twitter.com/TnvCrKfzGD  — Altcoin Daily (@AltcoinDaily) August 12, 2026  The Trust would retain

3 دن پہلےانڈسٹری

Metaplanet launches BitBonds with ¥200M private sale

Metaplanet launched a continuous bond issuance program called BitBonds on Aug. 13 and completed its first four private placements, raising about 200 million yen, or roughly $1.3 million.  SummaryMetaplanet launched BitBonds after completing four private bond sales totaling approximately 200 million yen Thursday.The unsecured senior bonds mature in roughly three years and pay annual interest between 4%–4.3%.Metaplanet Securities distributed the bonds to eligible individuals and companies under Japans private placement regime.Future BitBond issuance will depend on funding needs, market conditions and investor demand, Metaplanet said.Metaplanet still holds 43,000 Bitcoin after CEO Simon Gerovich denied selling assets during custody transfers.  The Tokyo listed Bitcoin treasury company said in its disclosure that its 21st through 24th series unsecured ordinary bonds carry annual interest rates of about 4% to 4.3% and mature in roughly three years.  The bonds were distributed through wholly owned Metaplanet Securities under Japans small number private placement framework. Solicitation began in late July and has now closed. Future series will be priced separately according to funding needs, market conditions and investor demand.  You might also like:  Metaplanet CEO ends sale speculation after 5,014 BTC move  Metaplanet BitBonds add fixed rate debt to funding mix  Metaplanet said BitBonds will sit alongside common shares, equity linked instruments and

3 دن پہلےانڈسٹری

MUFG to test real-time blockchain settlement for Japanese government bond trades

SummaryMUFG plans to use blockchain technology to offer faster settlement of Japanese government bond transactions.The bank is preparing a proof-of-concept for onchain JGB transactions using the Canton network.Blockchain-based intraday U.S. Treasury bonds repo have been in existence for several years through JPMorgans Kinexys network, which went live in 2020.  Mitsubishi UFJ Financial Group (MUFG) plans to use blockchain technology to offer faster settlement of Japanese government bond (JGB) transactions, in a move reminiscent of similar initiatives by banks in other countries.  MUFG is preparing a proof-of-concept for onchain JGB transactions using the Canton network to expedite the settlement, which typically takes 1-3 days by traditional means.  The Tokyo-based bank expects to improve the operational and capital efficiency of repo transactions — the purchase of securities as a form of short-term borrowing and lending — through real-time 24/7 onchain settlement.  MUFG noted that financial institutions in Europe and the U.S. have expanded proof-of-concept projects to achieve this exact goal. Blockchain-based intraday U.S. Treasury-bond repos have existed for several years through JPMorgans Kinexys network, which went live in 2020.  “Given their high credit worthiness and liquidity, JGBs are widely used as collateral for repo transactions by market participants in Japan and overseas, and momentum for bringing them

3 دن پہلےانڈسٹری

South Korea jails Delio CEO for 15 years over $49M crypto fraud

South Korea has sentenced Delio CEO Jeong Sang-ho to 15 years in prison after a Seoul court found him guilty of defrauding customers of about 70 billion won ($49.2 million) in crypto assets.  According to local news outlet Newsis, the Seoul Southern District Court convicted Jeong on most of the charges against him, including fraud, embezzlement, and the use of false documents in Delios registration as a virtual asset service provider.  Judge Jang Chan, who presided over the case, also ordered Jeong to be detained after the ruling. NoCut News reported that the court cited concerns that he could flee.  The 15-year prison term was lower than the 20-year sentence prosecutors had requested during closing arguments earlier this year. As crypto.news previously reported in April, prosecutors had accused Jeong of misappropriating about 250 billion won in crypto assets from roughly 2,800 users between August 2021 and June 2023.  Delio CEO cleared of main 250 billion won fraud charge  While Jeong was convicted on several counts, the court acquitted him of the main indictment involving roughly 250 billion won ($175.6 million) allegedly taken from about 2,800 customers.  Newsis reported that the court excluded evidence collected during a search and seizure involving a server operator after finding that

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