Tag: CRYPTOS FoxBusiness

  • Bitcoin, Ether ETFs Add $220 Million as Blackrock Leads Again

    Bitcoin, Ether ETFs Add $220 Million as Blackrock Leads Again

    Bitcoin Streak Hits 4 Days With $128.69M Inflow

    Capital continued to flow into the largest crypto ETFs as the week progressed. Bitcoin funds added another nine-figure haul, ether demand strengthened sharply, and several altcoin products found fresh buyers.

    The broad tone remained constructive across the market, although solana ETFs slipped into a modest outflow.

    Blackrock Leads Another Strong Bitcoin Session

    Bitcoin ETFs recorded $128.69 million in net inflows across six funds. Blackrock’s IBIT once again carried most of the load, attracting $128.33 million. Morgan Stanley’s MSBT added $14.94 million, while Fidelity’s FBTC brought in $11.20 million.

    Grayscale’s GBTC and Bitcoin Mini Trust contributed $7.48 million and $6.83 million, respectively. Bitwise’s BITB added another $1.75 million. Withdrawals from two funds partially reduced those gains. Vaneck’s HODL lost $32.77 million, while Valkyrie’s BRRR recorded a $9.07 million outflow.

    Four days of inflows for bitcoin ETFs worth $755 million. Source: Sosovalue.

    Total bitcoin ETF trading value reached $1.36 billion. Combined net assets closed at $78.77 billion. The latest inflow extended Bitcoin’s streak to four sessions.

    Austrian economist and investment manager Lawrence Lepard highlighted the durability of ETF ownership during the broader market decline. He noted that while bitcoin ETF values have fallen sharply from their peak, total shares outstanding have declined by far less, suggesting limited net selling among holders.

    Ether Builds Momentum as $HYPE Recovery Continues

    Ether ETFs produced one of the day’s strongest results, drawing $92.15 million across five funds.

    Blackrock’s ETHA dominated with an $81.14 million inflow. Grayscale’s Ether Mini Trust and ETHE added $4.55 million and $3.07 million, respectively. Blackrock’s ETHB received $1.96 million, while Fidelity’s FETH added $1.42 million. No Ether ETF posted an outflow.

    Total ether ETF trading value reached $435.46 million, with net assets closing at $10.64 billion.

    $XRP ETFs also returned to positive territory with $3.45 million in inflows. Bitwise’s $XRP fund attracted $2.89 million, while Franklin Templeton’s XRPZ added about $562,000. Net assets ended at $964.21 million.

    $HYPE ETFs extended their recovery with a $2.84 million inflow into Bitwise’s BHYP. Trading value reached $5.10 million, while net assets closed at $265.04 million.

    Solana ETFs moved the other way. Fidelity’s FSOL recorded an $859,450 outflow, leaving combined net assets at $857.24 million.

    Thursday’s flows reinforced the week’s strongest theme: institutional demand remains concentrated in bitcoin and ether, with Blackrock continuing to capture the largest share of new capital.

  • Bitcoin Faces a Major Holder Shift as Small Wallets Sell and Large Players Accumulate

    Bitcoin Faces a Major Holder Shift as Small Wallets Sell and Large Players Accumulate

    • Addresses with balances between 10 and 10,000 $BTC added over 20,000 Bitcoin units while the price fluctuated between $63,000 and $65,000.
    • Micro-holder wallets recorded the fastest liquidation rate registered since December 2024.
    • Network activity reached a three-month peak with 712,000 active addresses in seven days and 61,800 transactions over $100,000.

    During the first week of August, large Bitcoin holders steadily increased their positions, absorbing available supply while the price hovered between $63,000 and $65,000. At the same time, retail investors reduced their holdings at the fastest pace observed in over a year. According to the report by Santiment, this divergence coincides with the uncertainty triggered by a security flaw in Coldcard hardware wallets.

    🔗 Live Chart: https://t.co/Otqzjq6H6S

    🐳 Updating our previous report, Bitcoin whales & sharks are adding more and more to their wallets at this $63K – $65K level.

    🦐 Meanwhile, micro holders are showing their sharpest plummet in holdings since December, 2024.

    🕵️ This is… https://t.co/kAS8pneuBI pic.twitter.com/6bpE0cv8xM

    — Santiment Intelligence (@SantimentData) August 6, 2026

    The digital asset market is undergoing a reconfiguration in coin distribution. Smaller participants are choosing to offload their funds in a rushed manner.

    According to analysts at Santiment, the flaw in the random number generator of the Coldcard firmware sparked concern among network users. This situation prompted thousands of addresses to move their assets or reorganize their wallets as a precautionary measure.

    Data presented by CoinMetrics indicates that centralized exchanges logged a temporary increase in stored Bitcoin balances. Data from Santiment suggests that massive transfers to reorganize funds drove on-chain activity metrics to peak levels not seen in several months.

    Wallet Restructuring and Regulatory Impact

    During the last seven days evaluated by Santiment, weekly active addresses on the network rose to 712,000 units. Over that same timeframe, transactions exceeding $100,000 reached 61,800 operations.

    According to the Santiment report, the high volume of large transactions reflects both the preventive redistribution of funds and direct buying by institutional entities. The firm notes that investors holding between 10 and 10,000 $BTC took advantage of the retail pullbacks to accumulate value.

    The regulatory environment has also influenced the behavior of smaller-scale wallets. Uncertainty surrounding the passage of the CLARITY Act in the U.S. Senate has prompted caution across the sector.

    As Santiment researchers explained, the lack of resolution regarding applicable legislation for digital assets slowed enthusiasm among small traders. Prolonged lateral price consolidation ultimately discouraged retail participants, intensifying sell pressure from small addresses.

    Despite the selling pressure from the retail segment, on-chain data suggests a shift in trend probability. Sustained accumulation by large wallets at support zones typically strengthens the overall market structure.

    Projections by Santiment suggest that the likelihood of Bitcoins price breaking above the $70,000 mark presents a more viable scenario compared to a drop below the $60,000 support level. Analytics firms expect supply absorption by well-capitalized players to limit the impact of short-term retail selling.

    The next milestone to watch in network dynamics will be the start of the U.S. Senate recess, the deadline when progress on the CLARITY regulatory bill and its implications for cryptocurrency markets will be assessed.

  • BNB Chain Hits New All-Time High as RWA Adoption Surpasses 300,000 Holders

    BNB Chain Hits New All-Time High as RWA Adoption Surpasses 300,000 Holders

    • The $BNB Chain network surpassed 300,000 unique addresses holding real-world assets (RWA) in its ecosystem.
    • DeFiLlama ranks $BNB Chain’s total value locked (TVL) in RWA at $5.64 billion.
    • The price of the $BNB token holds above key support at $584, trading near $591.67.

    Through a post on X, it was reported this Friday that the number of addresses with real-world asset tokens on $BNB Chain has surpassed 300,000 holders, a new all-time high for the Binance-driven blockchain network. With this milestone, it cements its status as a leading protocol in tokenized asset adoption within the DeFi ecosystem.

    RWA holders on $BNB Chain surpassed 300K!

    A new ATH for holders!https://t.co/JVN5TsniSc pic.twitter.com/rCzvkZnMab

    $BNB Chain (@BNBCHAIN) August 6, 2026

    Mass Adoption and Position in the DeFi Market

    The continuous growth in the number of wallets interacting with RWA tokens on $BNB Chain reflects increased operational activity on the network. The Ethereum Virtual Machine (EVM)-compatible infrastructure has allowed users to process transactions at low cost and high speed.

    According to DeFiLlama metrics, $BNB Chain ranks second in total value locked in the RWA category, registering $5.64 billion. The global ranking places Ethereum in first position with $16.52 billion in RWA TVL, while Stellar, Solana, and Avalanche hold third, fourth, and fifth places, accumulating $2.50 billion, $2.21 billion, and $1.33 billion, respectively.

    The influx of institutional capital and the expansion of tokenized funds have shifted part of the market share toward $BNB Chain. This movement suggests a diversification of capital into networks that combine scalability for Web3 applications with competitive transaction fees.

    $BNB Technical Price Action and Catalysts

    In the spot market, the asset trades around $591.67, representing a 1.2% gain over the past week and 2.1% on the monthly timeframe. Despite widespread crypto market volatility, buying pressure has managed to hold the price above the key support zone set at $584.

    According to the report’s analysis, consolidation above current support levels could pave the way for a technical breakout attempt in the short term. The report’s projections indicate that volume accumulation around this technical zone sets a recovery target toward the $615 to $620 range.

    The growth in network fundamentals, driven by tokenized funds from institutional clients, stands out as one of the main factors supporting the asset’s price structure.

    Protocol monitoring will focus on upcoming weekly closes and the network’s ability to maintain capitalization volume across its core DeFi protocols.

  • Is Justin Sun mixing HTX’s reserves with Poloniex?

    Is Justin Sun mixing HTX’s reserves with Poloniex?

    $HTX has been hit with sanctions from the European Union and the United Kingdom’s Foreign Commonwealth & Development Office.

    In the wake of these measures, TRM Labs highlighted that $HTX had started rapidly rotating through addresses on-chain, making it harder to identify its holdings.

    This problem was compounded by $HTX choosing to change its proof-of-reserves, obscuring the location of its reserves in a new “ThirdParty” category that’s supposed to describe funds held at third-party custodians.

    $HTX claims that users can still verify the funds by reaching out to the custodians in question, but $HTX has failed to respond to our requests for the identity of that custodian.

    TRM claims $HTX is rotating wallets to ‘stay ahead of screening’

    Before these transitions, $HTX published a proof-of-reserves that contained a variety of addresses.

    Protos has attempted to track the stETH in one of those addresses to its final destination and believes that this path may revealing something about how $HTX has been functioning.

    Let’s start with the May 1 proof of reserves, which noted there were 71,853.22 stETH, at today’s price worth about $135 million, in the address 0x18709e89bd403f470088abdacebe86cc60dda12e.

    On May 30, shortly before $HTX was due to generate its June proof-of-reserves where funds were moved to “ThirdParty,” these funds were moved to 0x7C103bbAE0DA51AE929dE97A98633668ddE80d04.

    Moments later, they were transferred to 0x8fCA4adE3a517133fF23ca55CdAea29C78C990b8, an address labeled on Etherscan as Poloniex 7.

    Shortly after, they were transferred again to 0x29065a4C1f2F20d1E263930088890d6F49Fe715a, an address that Etherscan labels as Poloniex 10.

    Finally, moments later, they were transferred to 0x176F3DAb24a159341c0509bB36B833E7fdd0a132, an address labeled on Etherscan as Poloniex 9.

    This address, 0x176F3DAb24a159341c0509bB36B833E7fdd0a132, used to be labeled as “Justin Sun 4” on Etherscan before being listed as a Poloniex address.

    This pattern of transactions shows a large quantity of funds moving from $HTX to a Poloniex address where they have been commingled with the Poloniex reserves.

    The convoluted journey taken by $HTX’s stETH.

    The wrapped $BTC wrinkle

    This isn’t the first time that $HTX has relied heavily on Poloniex to hold certain assets.

    Often, more than half the $BTC held at $HTX has been in a tokenized form, specifically a tokenized form that seemed to be held by Poloniex.

    This often represented hundreds of millions of dollars worth of value.

    Poloniex was unwilling to disclose the addresses where it presumably (hopefully) holds that $BTC to Protos.

  • Solana Perp DEX Flash Trade to Wind Down Unless It Finds a Buyer

    Solana Perp DEX Flash Trade to Wind Down Unless It Finds a Buyer

    Flash Trade said on Friday it will wind down operations unless it finds a party to acquire the Solana perpetuals exchange, and that the decision was not driven by money.

    “This decision is not calculated based on monetary reasons,” the team wrote on X, citing “direction, shrinking market participants, and our own honest read on the crypto market as a whole and where it is heading.”

    The exchange said it is now pursuing a sale of its tech stack, brand and intellectual property, and that whatever the sale brings will be distributed to FAF token holders pro rata. The team “will not take a percentage,” and team tokens will not participate in the distribution, according to the post.

    Flash Trade has not set dates. “We haven’t fixed the exact timeline yet, and we’d rather say that than publish dates we might have to move,” the team wrote, committing only that withdrawals stay open and that it will give “clear notice well ahead of any change to them.”

    The operational specifics — when new positions are disabled, how open positions get settled, what liquidity providers need to do, and the dates for each — will be worked through on a call with token holders on Monday, with a write-up published immediately afterwards, the exchange said. The founders will hold an AMA on X on Monday, Aug. 10, at 16:00 UTC, or noon ET.

    Explored Freezing AMM

    Before settling on a sale, the team said it explored freezing its automated market maker with MetaDAO so that funds sitting in the AMM could be returned to holders pro rata. “That turned out not to be possible,” according to the post.

    Flash Trade also removed the three-month delay on token staking, so holders who want to unstake can do so immediately.

    Alongside its read on the market, the team described a conflict over what its users wanted. “Ethically we are misaligned with the current direction of the crypto ecosystem,” it wrote, adding that its own order flow showed “traders want to push further out on the risk curve” and that “we never found a way to serve that demand while sitting comfortably.”

    The exchange said it never raised outside capital, funding itself from the start, and has paid out roughly $520,000 in USDC of revenue share to FAF holders to date.

    Perpetuals venues have been closing even as the sector’s largest platforms grow. Dango said in July that it would wind down and halt trading on July 29.

  • Boomer gold outperformed digital rival BTC by 70% over the past year

    Boomer gold outperformed digital rival BTC by 70% over the past year

    Gold has rallied 28% over the past year from $3,400 to $4,330, outperforming digital rival $BTC by over 70 percentage points.

    Over the same time period, $BTC has suffered an embarrassing 44% decline from $117,000 to $65,000.

    In fact, across the past three years, owning so-called “digital gold” instead of the real thing would have returned a couple fewer percentage points despite 36 months of patience.

    Gold (orange) versus $BTC (green), trailing 12 months. Source: TradingView

    $BTC has crashed off a financial peak, not just a psychological one. It hit an all-time high near $126,200 on October 6, 2025 but has since declined 48%.

    Gold achieved its own record shortly after. Spot prices surged to $5,589 per ounce on January 28, 2026, a nominal high that also sat well above the metal’s inflation-adjusted 1980 peak.

    The precious metal has since pulled back from that spike, but it never came close to giving up its year-over-year gain. $BTC, in stark contrast, halved.

    Boomer gold beats $BTC

    Evangelists have spent a decade comparing $BTC to a global store of value. Its performance over the past few years has certainly stalled that pitch.

    The comparison is nowhere close to a financial reality over the past year. Indeed, a dollar saved in gold a year ago is worth about $1.28 today. A dollar saved in $BTC is worth about $0.55.

    The metal $BTC was supposed to dethrone maintained its strength.

    Bitcoin dropped to $0.019 on Revolut today

    Michael Burry wrote in February, “$BTC has been exposed as a purely speculative asset, and is not near the debasement trade hedge that gold and other precious metals are.”

    $BTC traded near $77,000 that day, already down sharply from its October peak, and it’s fallen another 16% since.

    Central banks didn’t sit the trade out. They added 863 tonnes of gold to sovereign reserves in 2025, a historically elevated total albeit a slower pace than the prior year.

    None of those purchases flowed into $BTC, whose loudest institutional champions had long argued central banks would eventually buy it in the same way.

    Gold ETF investors reversed course too. Holdings swung from a small net outflow in 2024 to inflows of more than 800 tonnes in 2025, per the World Gold Council.

    Crypto investors used to celebrate that type of demand shift when capital rotated into $BTC ETFs, not gold ETFs.

    While gold sat in vaults and preserved its value, the $BTC community fractured. Michael Saylor’s Strategy sold $BTC for the first time since 2022 while critics of Bitcoin Core v30 proposed a hard fork of the blockchain and a proof-of-work change.

    Coldcard, the most popular $BTC-only hardware wallet, experienced a catastrophic bug.

    Coldcard co-founder is deleting X posts as losses top $130M

    As usual, there are two sides to every story. $BTC has had shorter stretches and prior time periods when it outpaced its rival. Certainly since its formative years in the 2010s, $BTC has far outperformed gold.

    Nevertheless, over the past 12 and 36 months that matter most to anyone who bought either asset recently, gold hasn’t just beaten $BTC but trounced it by 70 percentage points.

    “Digital gold” now describes what $BTC was supposed to be, not what it actually accomplished.

  • OKX schedules delisting of GODS, PRCL and DUCK spot trading pairs

    OKX schedules delisting of GODS, PRCL and DUCK spot trading pairs

    OKX has scheduled the removal of six GODS, PRCL and DUCK spot trading pairs while suspending deposits for the affected tokens from Aug. 7 and setting Nov. 7 as the withdrawal deadline.

    According to an OKX announcement, the exchange will remove three margin-settled spot pairs GODS/USD, PRCL/USD, and DUCK/USD, between 16:00 and 18:00 UTC on Aug. 14. Three additional spot pairs quoted in $USDT and EUR will follow three days later, with GODS/$USDT, PRCL/$USDT and DUCK/$USDT scheduled for delisting during the same two-hour window on Aug. 17.

    The exchange has also introduced a phased timeline for the affected assets. Deposits for GODS, PRCL and DUCK stopped at 16:00 UTC on Aug. 7, while withdrawals for the three tokens will remain available until 16:00 UTC on Nov. 7.

    OKX has split the trading pair removals across two dates

    Rather than removing all markets at once, the exchange has divided the delisting into two stages.

    On Aug. 14, users will lose access to GODS/USD, PRCL/USD and DUCK/USD trading pairs. Three days later, OKX will remove GODS/$USDT, PRCL/$USDT and PRCL/EUR alongside DUCK/$USDT, completing the process for all six spot markets listed in the notice.

    At the same time, the exchange has already halted deposits for the related assets, preventing users from transferring additional GODS, PRCL or DUCK tokens onto the platform. Withdrawals remain available for another three months before closing in November, giving holders additional time to move their assets elsewhere.

    The announcement did not state the reason for removing the trading pairs.

    Deposit suspension starts before withdrawal deadline

    The published timetable separates trading, deposits and withdrawals into different stages.

    Deposit services for the affected cryptocurrencies ended first on Aug. 7. Trading activity will continue until the scheduled delisting windows in mid-August, after which the listed spot pairs will no longer be available.

    Withdrawal support, however, will continue until Nov. 7, providing a longer period for customers who still hold the affected tokens after trading ends.

    Crypto exchanges commonly separate delisting from withdrawal deadlines, allowing users to transfer assets after markets have been removed. In this case, OKX has provided nearly three months between the end of deposits and the final withdrawal cutoff.

    OKX continues operational changes across multiple markets

    The latest asset removals come during a period of operational updates across several regions.

    Earlier in July, Digital Asset reported that the OKX Android application had returned to South Korea’s Google Play Store after a four-day suspension, making it the first recently restricted overseas crypto exchange to regain access on the platform. The restoration followed Google’s temporary removal of the app, while exchanges such as Bybit remained unavailable in the Korean Play Store.

    Digital Asset had previously found that dozens of overseas exchange applications became inaccessible on Google Play as South Korea tightened oversight of overseas virtual asset service providers operating without local registration.

    Although some exchanges had been identified by the country’s Financial Intelligence Unit as unreported VASPs, the publication reported that Google’s restrictions also affected several platforms that were not included on the FIU’s published enforcement list.

    Outside South Korea, OKX has continued expanding regulated services in Europe. In July, the exchange launched a one-way $USDT-to-$USDC conversion service for eligible customers across 30 European Union and European Economic Area countries operating under its Markets in Crypto-Assets license.

    The service allows users to deposit $USDT and voluntarily convert their holdings into MiCA-compliant $USDC as European exchanges reduce support for Tether’s stablecoin following the regulation’s implementation.

    OKX has also expanded its institutional strategy

    Operational changes have coincided with new corporate developments at the exchange.

    Last month, OKX appointed former New York Governor Andrew Cuomo to its board of directors after he had advised the company on U.S. regulatory and institutional strategy since 2023. According to the company, the appointment formalized an existing relationship as OKX continued expanding its U.S. operations following the relaunch of its U.S. exchange and self-custody wallet in 2025.

    The company has also continued working with Intercontinental Exchange through a planned joint venture focused on blockchain-based financial products. According to OKX, Cuomo will remain co-chair of the initiative, which is intended to combine ICE’s market infrastructure with the exchange’s blockchain technology, subject to regulatory approvals.

  • Interesting Decisions from Cryptocurrency Exchanges Regarding Popular Memecoin! Upbit Delisted It, Bithumb Removed It from its Watchlist!

    Interesting Decisions from Cryptocurrency Exchanges Regarding Popular Memecoin! Upbit Delisted It, Bithumb Removed It from its Watchlist!

    Upbit and Bithumb, two leading cryptocurrency exchanges in South Korea, have announced differing decisions regarding the popular meme coin Bonk ($BONK). Upbit announced it will end support for $BONK trading on its platform, while Bithumb announced it has removed the token from its delist watchlist.

    According to an announcement by Upbit, $BONK will be delisted from the exchange on September 7th at 09:00. Following this decision, users will need to follow the processes related to $BONK transactions and asset transfers. Delisting means that the trading pairs for the cryptocurrency are removed from the platform, and users will no longer be able to trade with that asset.

    Cryptocurrency exchanges in South Korea regularly evaluate the digital assets they list based on specific criteria. Factors such as trading volume, liquidity, project activity, investor protection, technical developments, and market conditions can influence listing and delisting decisions.

    On the other hand, Bithumb took a more positive step regarding $BONK, unlike Upbit. The exchange announced that it had removed $BONK from its delisted watchlist. This marks a step towards ending the trading warning previously applied to $BONK on Bithumb.

    The fact that two major South Korean exchanges made different decisions about the same asset reveals that cryptocurrency projects are evaluated individually by exchanges. A delisting decision by one exchange does not automatically mean that the token will be removed from other platforms.

    $BONK, as one of the leading meme coins in the Solana ecosystem, particularly attracts the attention of individual investors. Since meme coins generally exhibit high volatility in price movements, listing or delisting decisions on major exchanges can have significant effects on token price and trading volume.

    As Upbit’s delisting decision on September 7th approaches, market participants are expected to closely monitor $BONK’s trading status on other South Korean exchanges and any potential new announcements. Bithumb’s decision to remove it from its watchlist indicates that the token’s current trading support on that platform continues.

    *This is not investment advice.

  • Crypto Council for Innovation CEO: Clarity Act Delay Won’t Stop Push for Regulatory Certainty

    Crypto Council for Innovation CEO: Clarity Act Delay Won’t Stop Push for Regulatory Certainty

    The U.S. Senate’s decision to postpone a vote on the Clarity Act until September has drawn a measured response from the Crypto Council for Innovation (CCI), with CEO Ji Kim emphasizing that the setback will not derail the industry’s push for clearer regulations. The delay, first reported by The Block, marks a procedural hurdle but not a change in the broader legislative trajectory, according to Kim.

    Context: What the Clarity Act Aims to Address

    The Clarity Act, formally known as the Clarity for Digital Assets Act, seeks to define which federal agency—the SEC or the CFTC—has jurisdiction over digital assets, a long-standing ambiguity that has created compliance headaches for crypto firms. The bill’s proponents argue that clear rules would foster innovation while protecting consumers, and its progress is closely watched by industry stakeholders. The Senate’s decision to push the vote to September reflects the crowded legislative calendar, but Kim stressed that the CCI’s advocacy efforts remain active.

    Industry Response and Strategic Implications

    Kim’s statement, “our efforts will not stop here,” underscores the crypto industry’s resilience in the face of legislative delays. The CCI, which represents major players like Coinbase and Circle, has been a vocal advocate for tailored regulation. While the delay is disappointing, it does not signal a loss of momentum; rather, it provides additional time for lawmakers to refine the bill and for industry stakeholders to engage in further dialogue. The postponement also comes amid broader global discussions on crypto regulation, with the European Union’s MiCA framework serving as a comparative model.

    Why This Matters for Crypto Adoption

    Regulatory clarity is critical for institutional adoption and mainstream confidence. The ongoing uncertainty has led some firms to relocate or pause operations, and each delay extends that period of ambiguity. However, the fact that the bill is still on the legislative agenda indicates bipartisan interest in addressing the issue. For everyday users and investors, the outcome of the Clarity Act could influence everything from trading platforms to tax reporting requirements.

    Conclusion

    The Clarity Act’s postponement to September is a tactical delay, not a strategic defeat. Ji Kim’s reaffirmation of the Crypto Council for Innovation’s commitment signals that industry efforts will persist, with the goal of achieving a regulatory framework that supports innovation while ensuring consumer protection. As the legislative process moves forward, stakeholders will be watching closely for any amendments or new developments that could shape the final outcome.

    FAQs

    Q1: What is the Clarity Act?
    The Clarity Act is a proposed U.S. law designed to clarify whether the SEC or the CFTC has regulatory authority over digital assets, aiming to reduce uncertainty for crypto businesses and investors.

    Q2: Why was the vote delayed?
    The Senate postponed the vote to September, likely due to a crowded legislative calendar and the need for further deliberation, though the exact reasons were not specified in the initial reports.

    Q3: How does the delay affect the crypto industry?
    The delay extends the period of regulatory uncertainty, but industry leaders like the CCI remain committed to pushing for clear rules, and the postponement provides more time for advocacy and refinement of the bill.

    Related Reading

    • Senate Delays CLARITY Act Vote to September, Pushing Crypto Clarity Further Out
    • CLARITY Bill at Critical Juncture as Senate Recess Looms
    • Coinbase CEO Calls on U.S. Senate to Advance CLARITY Act Vote
    • Crypto Super PAC Spends $1.5M on Ads in Three U.S. State Races
    • CLARITY Act Ethics Provision Could Let Trump Defer Millions in Taxes, Bloomberg Reports
  • SKYAI explodes 30% as longs pile on – Bulls set $0.15 as the new target

    SKYAI explodes 30% as longs pile on – Bulls set $0.15 as the new target

    $SKYAI is showing little sign of slowing down. The token has recorded another 30% surge in price over the past 24 hours. This builds on yesterday’s breakout and extends one of the strongest short-term advances in the market.

    Notably, the latest move has pushed $SKYAI out of its pennant consolidation pattern that has held since the 3rd of May, confirming a bullish continuation after weeks of compressed price action.

    The breakout is also being backed by improving sentiment beyond the chart.

    Source: TradingView

    Social activity and derivatives are moving together

    Investor attention around $SKYAI has also accelerated sharply this month.

    The token’s social dominance has climbed steadily since the beginning of August, reflecting a growing share of discussions across crypto communities.

    Source: Santiment

    Moreover, $SKYAI’s rising social activity accompanies a strong trend. This alignment usually comes before an explosive price move.

    The derivatives market metrics speak the same language. $SKYAI’s OI-Weighted Funding Rate has doubled to 0.0219%, indicating traders are increasingly willing to pay a premium to maintain long positions.

    The Funding Rate surge comes alongside expanding Open Interest. In turn, this suggests fresh capital continues entering the market instead of existing traders simply rotating positions.

    When combined, the two metrics point to strengthening the altcoin bullish conviction.

    Source: Coinglass

    Can buyers keep control?

    The technical structure remains firmly in favor of the bulls.

    After breaking above its 20-day exponential moving average (EMA), $SKYAI has now completed a bullish pennant breakout. This has turned a former consolidation into a launchpad for higher prices.

    The unfilled market gap between $0.150 and $0.245 stands out as the main target. The next challenge is whether buyers can sustain the pace of the advance without triggering widespread profit-taking.

    All in all, a confirmed breakout, rising social engagement, and strengthening derivatives positioning all support the bullish bias.

    If fresh demand continues flowing into both the Spot and Futures markets, $SKYAI could extend its recovery. It could also continue working toward the $0.15 imbalance zone, the next major area where sellers are likely to emerge.


    Final Summary

    • $SKYAI breaks from pennant as social dominance and bullish momentum strengthen across markets.
    • Funding Rate doubles, keeping the $0.15 imbalance zone firmly within bulls’ sights.