Czech police have reportedly arrested darknet founder Tomas Jirikovsky in a $45 million Bitcoin bribery case tied to former Justice Minister Pavel Blazek’s resignation.
Bitcoin miners face rising competition from AI data centers for cheap energy, potentially driving a new wave of institutional investment, according to GoMining exec Jeremy Dreier.
Capriole founder Charles Edwards argues that Bitcoin’s famous four-year boom-and-bust pattern has effectively ended—not because markets have matured into a placid equilibrium, but because the engine that once forced 80–90% drawdowns has been dismantled by Bitcoin’s own monetary design. The 4-Year Bitcoin Cycle Is Dead In his Update #66 newsletter published on August 15, 2025, Edwards writes that since the April 2024 halving, Bitcoin’s annual supply growth has fallen to roughly 0.8%, “less than half of Gold’s 1.5–3%,” adding that this shift “made Bitcoin the hardest asset known to man, with look-ahead certainty.” With miners’ new-issuance supply now a rounding error compared with aggregate demand, the dramatic, miner-driven busts of prior cycles look increasingly like artifacts of an earlier era. “In short – the primary driving force behind Bitcoin cycle 80-90% drawdowns historically is dead.” Edwards does not deny that cycles exist. He reframes their causes. Reflexive investor behavior, macro liquidity, on-chain valuation extremes, and derivatives-market “euphoria” can still combine to produce sizable drawdowns. But if the halving calendar no longer dictates those inflection points, investors must recalibrate the signals they monitor and the timelines on which they expect risk to crystalize. Related Reading: Q4 Will Decide If The 4-Year Bitcoin Cycle Is Dead: Analyst On reflexivity, he cautions that belief in the four-year script can itself become a price driver. If “enough Bitcoiners believe in the 4 year cycle… they will structure their investing activities around it,” he notes, invoking George Soros’s notion that market narratives feed back into fundamentals. That self-fulfilling element can still trigger “sizeable drawdowns,” even if miners are no longer the marginal price-setters. Macro liquidity, in Edwards’s framework, remains decisive. He tracks a “Net Liquidity” gauge—the year-over-year growth in global broad money minus the cost of debt (proxied by US 10-year Treasury yields)—to distinguish genuinely expansive regimes from nominal money growth that is offset by higher rates. Historically, “All of Bitcoin’s historic bear markets have occurred while this metric was declining… with the depths… while this metric was less than zero,” he writes, whereas “All of Bitcoin’s major bull runs have occurred in positive Net Liquidity environments.” As of mid-August, he characterizes conditions as constructive: “We are currently in a positive liquidity environment and the Fed is now forecast to cut rates 3 times in the remainder of 2025.” On-Chain Data Is Still Supportive If liquidity sets the tide, euphoria marks the froth. Edwards points to established on-chain gauges—MVRV, NVT, Energy Value—that have historically flashed red at cycle peaks. Those indicators, he says, are not yet there: “In 2025 we still see no signs of onchain Euphoria. Bitcoin today is appreciating in a steady, relatively sustainable way versus historic cycles.” A chart of MVRV Z-Score “shows we are nowhere near the price euphoria of historic Bitcoin tops.” By contrast, his derivatives composite—the “Heater,” which aggregates positioning and leverage across perps, futures, and options—has been hot enough to warrant short-term caution. “The heat is on… Of all the metrics we will look at here, this one is telling us that the market locally has overheated near all time highs this week.” In his telling, elevated Heater readings can cap near-term upside unless they persist for months alongside rising open interest—conditions more consistent with a major top. One metric, however, eclipses the rest in 2025–26: institutional absorption of new supply. “Today, 150+ public companies and ETFs are buying over 500% of Bitcoin’s daily supply creation from mining,” Edwards writes. “When demand outruns supply like this, Bitcoin has historically surged over the coming months. Every time this has happened in Bitcoin’s history (5 occurrences), price has shot up by 135% on average.” He emphasizes that the current, extended period of high multiples on this measure is “good news for Bitcoin,” while conceding the obvious caveat: no one can know how long such conditions will last. Related Reading: Bitcoin Realized Price Flips 200-WMA: What Happens Next? Because institutional demand can flip to supply, Edwards details a “treasury company early warning system.” He highlights four watch-items that his team tracks “24/7 for cycle risk management and positioning purposes”: a Treasury Buy-Sell Ratio that, if falling, “suggests growing selling by the 150+ companies”; a Treasury CVD whose flattening or lurch into a “red zone” is “risk off”; the percentage of Coinbase volume that is net buying; and a Treasury Company Seller Count that, on spikes, has historically preceded pressure. Layered on top is balance-sheet fragility. The more treasuries lever up to accumulate Bitcoin, the more a drawdown can cascade through forced deleveraging. “Total Debt relative to Enterprise value are key to track,” he says, adding that Capriole will publish a fresh tranche of treasury-risk metrics “next week.” Quantum Computers Vs. Bitcoin Edwards then makes an argument many Bitcoin investors will find uncomfortable: quantum computing is both an attractive return opportunity and Bitcoin’s most concrete long-term tail risk. Capriole, he says, expects “the asset class will outperform Bitcoin by circa 50% p.a. over the next 5–10 years,” citing today’s small market capitalizations against a “$2T+” addressable market. At the same time, “in the long-term (without change) QC is existential to Bitcoin,” with a worst-case window of “3–6 years” to break the cryptography that secures wallets and transactions. He notes that China “is spending 5X more on QC than the US” and recently “presented a QC machine a million times more powerful than Google’s,” arguing that the pace of breakthroughs, “with… innovations occurring every quarter,” suggests “this technology will mature sooner than many think. Just like ChatGPT.” The operational challenge, even if the risk is not imminent, is the migration path. Edwards sketches back-of-the-envelope constraints: roughly 25 million Bitcoin addresses hold more than $100; on “a good day,” the network handles about 10 transactions per second. If everyone tried to rotate to quantum-resistant keys at once—and many would prudently send test transactions—it would take “3–6 months” just to push the transactions through, before even counting the time to achieve consensus on, and deploy, a preferred upgrade. “Optimistically we are looking at a 12 month lead time to move the Bitcoin network to a Quantum proof system,” he writes. He flags work by Jameson Lopp as a starting point and urges the community to “encourage action on the QC Bitcoin Improvement Proposals (BIPS).” Capriole itself holds quantum-computing exposure both for return potential and as “a portfolio hedge should a worst case scenario eventuate.” His conclusion is clear without being complacent. “The Bitcoin miner driven cycle is largely dead.” If institutional demand holds, “there is a strong chance of a right translated cycle,” with “a significant period of price expansion still ahead of us.” But vigilance is essential. The two variables to prioritize this halving epoch, in his view, are “Net Liquidity and Institutional Buying,” while the “biggest risk to this cycle” is paradoxically the cohort that has powered it: the Bitcoin treasury companies whose balance-sheet choices can compound both upside and downside. Quantum computing, he stresses, “isn’t a risk to Bitcoin this Halving cycle,” but absent action “it certainly will be in the next one.” The prescription is not to fear cycles, but to retire the outdated ones and prepare—technically and operationally—for the cycles that remain. At press time, BTC traded at $119,121. Featured image created with DALL.E, chart from TradingView.com
Pi Network has been unable to hold above the key $0.40 mark, slipping 3.2% over yesterday to trade near $0.384. Despite a 5.87% gain over the week, market sentiment remains cautious, with the token facing growing sell pressure from upcoming unlock events and thin liquidity. PI’s market cap is now at $3.01 billion, down 3.04%. …
Your day-ahead look for Aug. 15, 2025
Lawmakers in New York are considering a bill that would impose a tax on digital asset transactions. The proposal, introduced in the state’s Assembly on Aug. 13, seeks to apply a 0.2% excise tax on the sale or transfer of digital assets like Bitcoin and Ethereum starting in September. According to the bill, revenue from […]
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Hong Kong has introduced strict crypto custody rules, banning smart contracts for cold wallets and tightening security standards for custodians.
Ethereum rallied on Monday and pushed toward highs it hasn’t seen since late 2021, reaching $4,780 during the session. Related Reading: Dogecoin Draws New Attention As Open Interest Tops $3 Billion Traders and funds appear to be reallocating capital into ETH, and several on-chain and market indicators are lining up in its favor. According to CryptoQuant, the ETH/BTC price ratio has crossed above its 365-day moving average, a technical move that has often marked the start of stronger runs for Ethereum versus Bitcoin. ETF Demand Pours In According to fund flow reports, US spot Ethereum ETFs pulled about $1 billion in a single trading day, with BlackRock’s ETHA taking in $640 million and Fidelity’s FETH adding $277 million. ETH is breaking out vs BTC. The ETH/BTC price ratio just crossed above its 365-day moving average. A level that’s historically marked the start of bullish ETH cycles. pic.twitter.com/qyLDDK9Xhc — CryptoQuant.com (@cryptoquant_com) August 14, 2025 ETF holdings now total roughly $26 billion, and cumulative inflows this cycle are close to $11 billion. That kind of money is meaningful because it reflects tracked institutional and retail demand entering ETFs rather than the untracked corners of crypto markets. Spot And Futures Show The Same Bias Market data also points to growing interest in ETH in both spot and derivatives markets. Reports show open interest in Ethereum derivatives rising faster than Bitcoin’s, and perpetual futures positioning has picked up. On the spot side, CryptoQuant’s volume ratio put ETH’s trading activity at 1.66 relative to BTC last week — the highest level since June 2017 — and over the last four weeks ETH spot volume ran about $24 billion versus Bitcoin’s $14 billion. Some on-chain indicators are flashing caution. Daily ETH inflows into exchanges have climbed and now top those of Bitcoin, suggesting that holders may be moving coins back to exchanges to sell into higher prices. Historically, rising exchange inflows near key technical resistance can precede short-term pullbacks, and analysts are watching those flows closely as a potential sign of profit-taking. Related Reading: Chainlink Breaks 3-Month High Amid Record 2025 Enthusiasm Why The Ratio Matters The ETH/BTC ratio is getting extra attention because it measures relative strength between the two largest crypto assets. Crossing above long-run moving averages like the 365-day line can attract momentum traders and funds that follow technical signals. Still, past breakouts have sometimes reversed quickly, so traders are balancing bullish bets with protective measures like trimming positions or using stop orders. Flow data will be decisive in the coming days. If $1 billion ETF inflow days repeat and open interest keeps rising, momentum could continue. If exchange inflows accelerate and ETF demand cools, price action could stall. Featured image from Meta, chart from TradingView
Spot Ether ETFs are set to record their strongest weekly performance ever, with inflows already surpassing $2.9 billion.
On India’s 79th Independence Day, while the nation celebrated its political freedom, a big move in the world of cryptocurrency, one that focuses on financial freedom. The Bitcoin Policy Institute of India (BPI India) officially launched at midnight on August 15, 2025, with a mission to make Bitcoin a key part of India’s economic future. …
BTC and MSTR post Sharpe ratios above 2.0, far outpacing tech peers around 1.0, while implied volatility drops to new lows.
The US Securities and Exchange Commission (SEC) has delayed its decision on multiple spot Solana exchange-traded fund (ETF) proposals from Bitwise, 21Shares, and Canary Capital. The regulator announced on Aug. 14 that it requires more time to evaluate the proposed rule changes, extending the review period by the maximum allowable 60 days. In the filings, […]
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A morning soundbite from Treasury Secretary Scott Bessent briefly rattled Bitcoin and crypto markets on Thursday before a late-day clarification restored the policy baseline: the United States won’t be sellers, and “budget-neutral” options to grow the country’s bitcoin stockpile remain on the table. Senator Cynthia Lummis swiftly framed the endpoint. “America needs the BITCOIN Act,” she wrote, calling the legislation the operative blueprint for expanding a Strategic Bitcoin Reserve without tapping taxpayers. In a Fox Business hit that ricocheted across X, Bessent said the government is “not going to be buying” additional bitcoin and added, “We’re going to stop selling that,” referencing a reserve he valued between $15 billion and $20 billion. Markets faded into the statement; by mid-day, bitcoin was off roughly 3.7%. The point that stuck—“we’re not going to be buying”—was clipped and shared widely, but it was only half the story. Related Reading: Q4 Will Decide If The 4-Year Bitcoin Cycle Is Dead: Analyst Hours later, Bessent posted a clarifying note. “Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order,” he wrote. “In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world.’” The course correction aligned his comments with the administration’s March directive and the policy discussion that has matured since. Bitcoin Act Is Still The Way Forward Lummis, chair of the Senate Banking Subcommittee on Digital Assets, seized the moment to underline the fiscal constraint. “Secretary Scott Bessent is right: a budget-neutral path to building SBR is the way. We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR. America needs the BITCOIN Act.” In a separate reply to Bessent, she added: “I have a ₿ill for that.” Her posts also flagged ongoing work “with Scott Bessent & Howard Lutnick to identify budget-neutral ways to continue growing our bitcoin reserve & outpacing adversaries in the race.” The legal and administrative scaffolding for a Strategic Bitcoin Reserve was set five months ago. On March 6, President Trump signed an executive order creating the SBR and a separate US Digital Asset Stockpile, directing agencies to capitalize the reserve with Bitcoin “finally forfeited” to the government and to develop budget-neutral strategies for further acquisition. Related Reading: Binance Bitcoin Reserves Surge To 579,000 BTC – Signal Of Profit-Taking Or Bullish Liquidity? Lummis’s “BITCOIN Act” would take that framework from executive policy to statute and goes considerably further. The latest text lays out a five-year purchase program authorizing up to 200,000 BTC per year—1,000,000 BTC in total—paired with a 20-year minimum holding period and a quarterly, public cryptographic proof-of-reserves regime. Where Bessent’s remarks intersect—and diverge—with that legislative ambition is gold. In March, he downplayed a formal revaluation of US gold as a credible budget lever, even as the broader policy conversation around the asset side of the federal balance sheet intensified. On Thursday, Bessent told Fox Business that a gold revaluation is “unlikely.” Lummis, by contrast, is explicitly proposing to mark gold to market in order to seed the SBR without new borrowing—an idea that has migrated from think-piece fodder to bill text but still faces macro, legal, and central-bank-independence scrutiny. The bottom line is that Thursday did not mark a policy reversal so much as a restatement of sequencing. The executive branch will build the Strategic Bitcoin Reserve first with finally forfeited coins and, per Bessent’s clarification, is actively evaluating budget-neutral ways to expand it. At press time, BTC traded at $118,751. Featured image created with DALL.E, chart from TradingView.com
Illicit crypto mining outfits stealing electricity are becoming a growing problem for countries in Central Asia.
The price is more than quadruple the June IPO price of $31 when the company debuted on the New York Stock Exchange.
The crypto market could be entering one of its most exciting moments yet, a true altcoin season. After moving sideways for months, altcoins have jumped over 50% in value since early July. According to Coinbase analysis says big investors are buying Ethereum (ETH), which is helping altcoins rise. This trend could see massive boost in …
A cybersecurity expert warns that quantum computing could silently break Bitcoin, stockpiling encrypted data today to crack it in the future.
Dogecoin price has taken a sharp hit over the past 24 hours, sliding 5.82% to $0.2307. The memecoin now carries a $34.73 billion market cap, with trading activity surging 10.72% to $4.86 billion. DOGE price fluctuated between $0.2181 and $0.2451 in the last day, reflecting heightened volatility as market sentiment weakened. This decline comes amid …
The Ethereum price has struggled to keep up with the rapid acceleration of Bitcoin over the years, failing to put in a new all-time high despite Bitcoin crossing $120,000. However, with a turn toward altcoins, Ethereum has quickly become the center of attention, especially after ETH crossed the $4,000 level. Now, as interest balloons, expectations for how high the Ethereum price could go have expanded, with many expecting 5-figures soon. Why Ethereum Price Is Headed For $15,00 In an X (formerly Twitter) post, popular crypto analyst Rekt Fencer predicted that the Ethereum price was “programmed” to reach the $15,000 mark. As for why he believes that the altcoin would climb this high, he highlights five major developments that will be the defining trigger for the Ethereum price to reach $15,000. Related Reading: Ethereum CME Gap Threatens Recovery, Why A Crash To $4,080 Is Possible The first thing on the list is the fact that ETH buying has been ramping up among institutions lately. For example, Ethereum treasury companies have sprung up in the last year, with the likes of Bitmine and SharpLink leading the charge. With ETH quickly becoming the cryptocurrency of choice for these large investors, over $10 billion worth of ETH has been bought by these companies in less than three years. Next on the list is the fact that US President Donald Trump is a major Ethereum holder. The president, who is hailed as the first pro-crypto president of the United States, currently holds over $500 million worth of ETH. This means that the majority of the president’s crypto wealth is actually in Ethereum. Another major factor driving up the value of the Ethereum price is the heightened interest in Spot Ethereum ETFs. As buying of Spot Ethereum ETFs has ramped up, so have their total holdings. According to data from the CoinMarketCap website, Spot ETH ETF issuers now control a whopping $19 billion in AUM, which translates to 3.76% of the total Ethereum market cap. Related Reading: Brace For Impact: Bitcoin Price Could Crash To $110,000 Amid Signs Of Exhaustion Fourth on the list is the proliferation of pro-crypto laws such as the GENIUS Act that was passed this month. This has made it easier for institutional investors to move into Ethereum and driven up buying during this time. Then the fifth point is the fact that staking for Spot Ethereum ETFs is coming. While this is yet to be approved, there have been multiple filings by Spot Ethereum ETFs to allow ETH staking for the funds. This means that if this is approved, then these funds would end up locking a large number of their ETH holdings in order to enjoy yield from staking. Featured image from Dall.E, chart from TradingView.com
US spot Ethereum exchange-traded funds (ETFs) extended their winning streak on Aug. 14, recording $639.6 million in net inflows. Data from SoSo Value shows that BlackRock’s ETHA led the surge with $519.7 million in inflows. It was followed by Grayscale Ethereum Mini Trust, which saw $60.7 million in inflows, Fidelity’s FETH attracted $56.9 million, and […]
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Sequans Communications has accelerated the build-out of its newly launched Bitcoin treasury, acquiring more than 3,000 BTC in less than a month as part of a plan to hold 100,000 BTC by 2030. The Paris-based, government-backed Internet of Things semiconductor company began executing the strategy in July, following a $384 million capital raise announced in […]
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A regulatory review earlier this year found weaknesses in some exchanges’ cyber defenses, prompting the SFC to set new custody standards for licensed platforms.
After hitting a new multi-month high, Cardano (ADA) has retraced alongside the rest of the market. Some analysts suggest that the cryptocurrency is ready to reclaim crucial resistance levels and hit new highs in the coming months. Related Reading: Ethereum Eyes ‘Final Boss’ Level, But Analyst Says Weekly Close Is Key For Price Discovery Run Cardano Holds Crucial Support Despite Pullback On Thursday, Cardano experienced an 11% drop after surpassing the $1.00 barrier for the first time since March. ADA’s retracement was fueled by the crypto market’s pullback, which saw massive liquidations throughout the day. According to CoinGlass data, the crypto market saw over $1.05 billion in liquidations over the last 24 hours, driven by higher-than-expected macroeconomic signals. Notably, the PPI number revealed an annual headline inflation of 3.3%, way higher than the 2.5% forecast. Additionally, the US Treasury Secretary Scott Bessent revealed that the US government will not be purchasing additional Bitcoin for its Strategic Bitcoin Reserve (SBR), established by President Trump in March 2025. Instead, the US will stop selling its BTC holdings and continue to build up the reserve’s stash through confiscated assets. As a result, Bitcoin, which hit a new all-time high (ATH) of $124,128 on Wednesday night, retraced to the $117,000-$118,000 support zone, while the rest of the market turned red. Nonetheless, Cardano has gone against the current, becoming the only cryptocurrency in the top 50 list to remain in green despite the broader market pullback, with a 3.5% increase in the daily timeframe. In the last 24 hours, ADA has broken out of its local range, hitting a five-month high of $1.02 on Thursday morning. Amid the market drop, ADA held above its breakout level, hovering between the $0.89-$0.91 range over the past few hours, and it’s attempting to break out of its current levels. ADA To Repeat Last Cycle’s Playbook? Analyst Ali Martinez noted that ADA has been trading within a descending channel since the Q4 2024 rally, which saw the cryptocurrency hit its multi-year high of $1.32 in December. During this period, Cardano has attempted to break out of the descending resistance twice, finally passing this barrier after surging above the $0.84 mark. To the analyst, a confirmed breakout from this level targets a 70% run to $1.50. Previously, Martinez suggested that ADA is showing the same price structure as the last cycle, but it’s more gradual. Other analysts have also noted that the altcoin appears to be repeating its 2020-2021 playbook. Crypto Yhodda highlighted that after hitting its 2018 high, Cardano saw an ABC corrective wave before consolidating within an ascending broadening wedge formation for two years. The cryptocurrency consolidated near the range-high after rejection from the pattern’s resistance in 2020, and before breaking out to its 2021 ATH of $3.09. This cycle, the altcoin has repeated the same movements, accumulating within the same pattern since 2022. Since being rejected from the ascending resistance in late 2024, ADA has been trading between the mid and high zones of this pattern. Related Reading: SUI Set Up For Another Leg? Analyst Forecasts $10 Target For Potential Breakout To the analyst, Cardano is ready to climb again to the formation’s resistance, around the $1.80 area, and break out to new highs. As of this writing, ADA is trading at $0.90, a 20% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
New York may soon make history again in the crypto world, but this time, it’s not about regulation, it’s about taxes. A new bill from State Assemblymember Phil Steck proposes a 0.2% tax on all cryptocurrency transactions, including Bitcoin, Ethereum, and NFTs. While it sounds tiny, the move could have a big impact on both …
The crypto market today has faced the brunt of macroeconomic conditions. This has led to major assets dropping on their charts. The largest altcoin, Ethereum, is at $4,632.79, down 2.23% in 24 hours but still up 18.65% over the past week. This pullback follows ETH’s sharp weekly rally, making it vulnerable to profit-taking. Successively, derivatives …
Wells Fargo's increased investment in Bitcoin ETFs signals growing institutional confidence in cryptocurrency as a mainstream asset class.
The post Wells Fargo boosts BlackRock Bitcoin ETF stake from $26 million to $160 million in Q2 appeared first on Crypto Briefing.
The regulator is setting minimum custody standards for licensed virtual asset trading platforms, citing rising overseas security incidents.
New York Assemblymember Phil Steck introduced a bill that would see the state tax the sale and transfer of crypto assets.
The US government redesignated Garantex on Thursday to its list of sanctioned entities, along with its successor, Grinex, but TRM Labs suggests it may be ineffective.
While some Ether holders expect new all-time highs within the next few days, a Nansen analyst believes it may still be weeks to months away.