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As Bitcoin (BTC) hovers near its lowest levels since late 2024, a market observer suggests the flagship crypto may not have finished bottoming yet, with more downside potentially ahead. Related Reading BTC’s Historical Data Points To Longer Correction On Wednesday, analyst Rekt Capital compared Bitcoin’s current price action to its performance in previous cycles to determine how close the leading crypto’s market bottom may be. In a video analysis on X, the market watcher explained that BTC’s deviations from previous all-time highs (ATHs) could serve as key reference points for this assessment. Notably, Bitcoin bottomed 22% from the 2017 peak…

BlackRock has reduced the in-kind conversion minimum for its iShares Bitcoin Trust from $25 million to $1 million, potentially making the mechanism available to a wider group of institutional participants. The change was disclosed in an updated IBIT filing and relates to in-kind creation and redemption activity, not retail holders directly swapping ETF shares for Bitcoin. That distinction matters. A lower minimum can improve institutional access, fund mechanics, and operational flexibility, but it does not mean ordinary brokerage users can redeem IBIT shares for BTC in their personal wallets. The process remains limited to authorized participants and qualifying institutional channels.…

An anonymous trader on Polymarket holds a No position on the CLARITY Act worth about $414,895, roughly 2.6 times larger than the $160,200 in liquidity currently available on the market where it sits.CryptoSlate’s live market data puts CLARITY Act odds near 20% Yes, a number now widely read as Washington’s probability estimate for the bill. The real issue is how much of that 20% reflects a broad crowd and how much comes from one position sitting on a thin book.A number that measures the wrong thingPredictbook identified on Aug. 11 that the account was newly created, with no trading history…

Bitcoin fell to its lowest weekly close since the second half of 2024 last week, capping a stretch that has now stripped more than 8% of its value in seven days and pulled the broader crypto market to levels not seen since early in the year. Related Reading A Pattern Worth Watching The weekly relative strength index is holding higher lows even as price prints lower ones — a divergence that last appeared in the lead-up to Bitcoin’s recovery from the 2022 bear market bottom. Whether that parallel plays out the same way remains to be seen, but it is…

Guren “Bobby” Zhou, a UK businessman previously investigated for money laundering, purchased $100 million worth of tokens from the Trump family’s World Liberty Financial crypto project. The New York Times reports on Zhou’s background and the massive transaction through his firm Aqua 1. Two years earlier, Zhou was a failed hardwood flooring retailer in Britain who had come under investigation there for money laundering and presided over the collapse of a small crypto start-up. Then seemingly out of nowhere, he became one of the biggest buyers of tokens from Trump’s company, World Liberty Financial, dropping a total of $100 million…

Bitcoin’s investor sentiment is in ruins, but buried inside the wreckage, a technical signal that has appeared only at the most consequential turning points in Bitcoin’s history has just fired again. This technical argument, which is built around Bitcoin’s Relative Strength Index, is because the indicator has fallen to its lowest daily reading in four years, a level last seen near the 2022 bottom before BTC began its climb from $15,500 to $70,000. Bitcoin’s RSI Is Back In A Rare Bottom Zone The Relative Strength Index is among the most used momentum indicators, measuring the speed and magnitude of price movements…

Riot Platforms has signed a long-term data center lease agreement tied to Anthropic, giving the Bitcoin miner another route into AI and high-performance computing as miners continue looking beyond block rewards. The company’s filing describes a 20-year lease agreement for 191 megawatts of critical IT capacity at its Rockdale campus. The deal carries total revenue potential of up to $16.1 billion if extension options are exercised. That is a huge number, but it needs careful framing. This does not mean Riot is abandoning Bitcoin mining. It means the company is using its power portfolio and data-center footprint to diversify into…

The SEC’s new crypto fundraising proposal intentionally treats tokens as free to commerce as quickly as a purchaser acquires them, except the issuer or one other legislation says in any other case.Insiders usually know greater than the general public whereas a token challenge remains to be being constructed, and their incentives don’t all the time line up with everybody else’s.The Senate’s July 22 CLARITY draft would drive insiders to carry a token for a full yr earlier than its community clears a selected management take a look at, then six extra months as soon as it does. The invoice additionally…

Nethermind has ended its LayerZero verifier role and moved its cross-chain operations to Chainlink after reviewing the two infrastructure providers. Nethermind said Wednesday that it had migrated away from its decentralized verifier network operations and joined Chainlink as a node operator and strategic technology provider. Nethermind has joined the @chainlink Network as a node operator and strategic technology provider, helping secure CCIP and Data Feeds as part of a joint mission to bring institutions onchain securely. https://t.co/SAqDnCGHQP — Nethermind (@Nethermind) August 19, 2026 The company will help operate Chainlink’s network while supplying engineering tools, infrastructure services, and integration support to…

Gnosis Chain is transitioning from a standalone Layer 1 to an Ethereum-settled rollup and retiring its independent validator set, according to an announcement from Gnosis Chain and a proposal published on GnosisDAO’s governance forum. For $GNO stakers, the approved direction would unlock roughly 350,000 $GNO when the validator set is sunset and end the treasury-funded staking subsidy. For users and developers, xDAI would remain the gas token, while addresses, balances and contract state would continue without migration to a new chain. The proposal’s main technical promise is atomic access from Gnosis to Ethereum contracts and liquidity. But that synchronous composability…