News linked to both this project and an event.
Odaily News, ECX developer Paul Sztorc has announced that the ECX hard fork will be rolled out in three phases, rather than the originally planned single release on August 23. ECX is a new blockchain that replicates the complete transaction history of Bitcoin at specified block heights. Nearly all Bitcoin holders, except for those holding a portion of Satoshi Nakamoto's Bitcoins, will receive an equivalent amount of ECX, while the Bitcoin network itself remains unchanged. The first Alpha version will be activated on August 23 at block height 963,648, the Beta version will go live on September 20 at block height 967,680, and the permanent full version is scheduled for release on October 31 at block height 973,728. Tokens collected during the Alpha and Beta phases can be burned and exchanged for official ECX once the permanent chain goes live. ECX's replay protection remains an optional mechanism. The official wallet will enable this protection and remind users before executing transactions. Paul Sztorc stated that if users ignore the reminders, ECX will replay their Bitcoin transactions, causing the associated Bitcoins to be transferred out along with the user's actions and moved to new holders. October 31 also marks the 18th anniversary of Satoshi Nakamoto publishing the Bitcoin whitepaper.
Odaily News: Recently, a whale opened a short position on Bitcoin worth $102 million at 40x leverage, suffered partial liquidation, and incurred losses of approximately $1.46 million over the past week. Currently, the whale has reduced the short position to about $60 million by adding margin, with an entry price of $64,212.5 and a liquidation price of $65,310.2.
A whale who previously shorted approximately $102 million worth of BTC with 40x leverage recently experienced partial liquidation, losing approximately $1.46 million over the past week. Currently, their short position has decreased to approximately $60 million, with a liquidation price of approximately $65,310.
Odaily News: Bitcoin added 2.27 million new wallets this week, with active wallet count reaching 751,000, marking the highest on-chain activity in months. On July 31, active addresses briefly approached 978,000—approximately 1.6 times the July daily average—while the first week of August averaged around 751,000 daily, up from July's average of roughly 610,000. Daily average exchange inflows stood at approximately $1.55 billion, down from July's $1.67 billion, with fund movements not accompanied by significant exchange buying activity. This surge in activity is linked to a firmware vulnerability in Coldcard devices from hardware wallet manufacturer Coinkite. The vulnerability affects certain Mk3, Mk4, Mk5, and Q models, where seed generation utilizes a software random number generator, reducing the actual randomness of some devices to approximately 40 or 72 bits. Since July 30, related bitcoin losses have exceeded $116 million. Holders of affected devices have transferred funds to new addresses and replaced them with unaffected hardware devices. Coinkite has released firmware patches and entropy remediation disclosure documents. This vulnerability stems from a random number generation issue in device firmware, not a flaw in the Bitcoin protocol layer.
Odaily News: Bloomberg ETF analyst Eric Balchunas said on X platform that Bitcoin ETF inflows reached approximately $1 billion this week, marking the best weekly performance since April and the third-best week since the Silent IPO disrupted market performance in October last year.Since the Coldcard hack, IBIT, FBTC and a few other Bitcoin ETFs have seen consecutive daily inflows, and the correlation makes it hard to ignore the causal relationship. He noted that if the seemingly worst-case scenario of a cold storage Bitcoin hack marks the start of the next rally, it would be ironic but also in line with its usual characteristics.
"1011 Insider Whale" representative Garrett Jin released a weekly analysis stating that while he previously suggested gradually positioning in memory chips and buying on dips, the market did not experience the expected pullback. He has sold half of his previous rebound positions during the surge, not because the investment logic has changed, but due to concerns regarding the capital structure driving the rise, stating, "This looks more like a short squeeze than a final confirmation of fundamentals by the market." Rapid capital covering short positions can create short-term gains for memory chip stocks like SK Hynix, but cannot sustain the trend alone. Risks associated with Korean leveraged ETFs have not been fully released, but the decline in asset size is mainly due to NAV shrinkage rather than investor exit. Currently, cumulative net subscriptions for related financial products remain at historic highs and have not turned negative. Garrett Jin emphasized that the decline in Korean leveraged ETF size does not indicate market bearishness on memory demand. SK Hynix's 2026 capacity is already sold out, and Micron's orders are covered until 2028, with demand remaining strong through the second half of 2027. However, the memory industry is essentially still cyclical. Stock prices have already surged by hundreds of percentage points in advance, and cyclical stocks are typically difficult to sustain long-term growth driven solely by valuation expansion. The current market is entering a new phase of the AI capital expenditure cycle, shifting from "rewarding investment" to "evaluating investment returns." Regarding Bitcoin, Garrett Jin stated it continues to meet the bottoming conditions established since the July lows, and he currently maintains the position view established near $60,000.
CryptoQuant analyst Axel Adler Jr. stated on the X platform that Bitcoin is currently trading below the short-term holder (STH) cost basis, which refers to the average purchase price of Bitcoin held for less than 155 days. As of August 8, 2026, Bitcoin is trading at $64,952, while the short-term holder realized price stands at $67,523. The spot price is 3.8% below this level, with a gap of $2,571—the narrowest since July 21. Over the past 284 days, Bitcoin has closed below the STH realized price on 279 days. This time may be no exception, as short-term holders are likely to begin selling into the market to exit at the breakeven point.
On-chain data shows that a whale who previously opened a $102 million BTC short position cut losses on 700 BTC yesterday, incurring a loss of approximately $624,000, then added 30 BTC to the position again. Currently holding 930 BTC, the position remains in a floating loss.
Odaily News, According to on-chain analyst Ai Yi's monitoring, a certain address stopped out 700 BTC at 21:00 last night, incurring a loss of $624,000. At 1:33 AM this morning, it added 30 BTC to its short position. The address currently holds 930 BTC short positions, worth approximately $60.32 million, with an average entry price of $64,213 and a liquidation price of $65,306, still facing an unrealized loss of $605,000.
Odaily News - In its Q2 Form 13F filing, Italy’s largest banking group, Intesa Sanpaolo, disclosed a reduction in its BlackRock iShares Bitcoin Trust (IBIT) holdings from 646,809 shares to 40,723 shares, a cut of approximately 94%. As of June 30, the remaining position was valued at $1.36 million.Intesa Sanpaolo also eliminated 99% of its IBIT call options and established a new put position covering 500,000 shares. The bank continues to hold 3.47 million shares of the ARK 21Shares Bitcoin ETF (ARKB), valued at $67.6 million at quarter-end, and maintains its 712,319-share position in the Grayscale XRP Trust unchanged.The bank increased its holdings in the BlackRock iShares Staked Ethereum Trust ETF from 116,200 shares to 349,600 shares, valued at $7.1 million as of June 30. This staked Ethereum fund holds ETH and passes through approximately 3% to 4% in annual network staking rewards.Intesa Sanpaolo also nearly doubled its position in Bitgo Holdings to 323,000 shares, while trimming Coinbase by 32%, Circle by 10%, and Robinhood by 43%. Additionally, it established a new position in commercial spaceflight company SpaceX with 5.66 million shares, valued at $966 million. (News Bitcoin)
Odaily News, According to Lookonchain monitoring, BlackRock's Bitcoin ETF has recorded net BTC inflows for four consecutive trading days. Over the past four trading days, BlackRock's related products have accumulated approximately 9,269 Bitcoin (worth about $604 million).Market analysts noted that sustained institutional inflows indicate that investor demand for Bitcoin remains strong in the long term. As spot Bitcoin ETFs become a key channel for traditional capital to enter the crypto market, ETF fund flows have emerged as an important gauge of institutional market sentiment.
Odaily News: Whale "Set 10 Big Goals First" shared market views on X platform, writing "the last chance to get on board." Previously, they noted that the current market offers too low a risk-reward ratio for shorting, and that it is already a stage-by-stage bottom. They also sense that Bitcoin is likely about to break out and initiate a new round of upward momentum, fearing they might miss the starting signal.
According to monitoring by on-chain analysis platform Lookonchain (@lookonchain), the trader who previously shorted 1,600 BTC has again closed 500 BTC (approximately $32.58 million) in short positions to avoid liquidation risk. The current remaining position is 900 BTC (approximately $58.6 million), with a new liquidation price of $64,998.73. The accumulated loss has now exceeded $1.5 million.
Odaily News Crypto analyst Ai stated on the X platform that multiple technical indicators on Bitcoin's monthly chart are flashing bullish signals, suggesting that the market may have formed a macro bottom. Data shows that the TD Sequential indicator triggered a buy signal on Bitcoin's monthly chart last month. This indicator previously succeeded in identifying the 2022 bear market bottom, and a similar signal has now emerged again.Additionally, Bitcoin's current price is near the 50-month simple moving average (SMA). Historical data shows that since 2014, this long-term moving average has repeatedly served as a key support zone for Bitcoin and has corresponded with multiple market bottoms. Meanwhile, the Chande Momentum Oscillator (CMO) has fallen back to around -71. The last time this indicator reached a similar level was in June this year, when Bitcoin's price briefly dropped toward $57,000. Historically, extreme CMO lows often coincide with market bottom zones.Analysts believe that Bitcoin may continue to consolidate within the $60,000 to $67,000 range in the short term, but the TD Sequential buy signal, support from the 50-month moving average, and the oversold CMO condition collectively suggest that a long-term cyclical bottom may have already formed. The market will be watching whether the price can break out of the consolidation range to confirm a new round of upward trend.
Sharplink CEO Joseph Chalom (former Head of Digital Assets Strategy at BlackRock) posted that the EIP-8363 "decreasing issuance burn" proposal currently being discussed in the Ethereum community will gradually reduce validator staking yields by about 2.75%, until yields reach zero when staking volume reaches about half of the total supply; validators will then rely solely on transaction tips, accounting for 15% of current yields, to maintain operations. Chalom strongly opposes this, listing four major reasons: 1. Harms DeFi: Staking yields are the benchmark interest rate for on-chain lending; cutting them will raise on-chain capital costs and compress the collateral value of liquid staking tokens (approximately $35 billion TVL); 2. Weakens institutional appeal: ETH's native productivity is a core advantage distinguishing it from BTC; EIP-8363 will erase this difference, affecting institutional capital inflows such as ETPs and DATs; 3. Destroys ecosystem capital circulation: Issuance rewards are not "leakage," but flow to node operators, client development teams, and ecosystem builders; burning them will cut off the return of capital; 4. Extremely poor timing: Top institutions such as Robinhood, BlackRock, and BNY have successively chosen Ethereum; on-chain stablecoin scale reaches $159 billion, RWA exceeds $15 billion; modifying the underlying economic logic at this moment carries extremely high risk. Chalom expressed support for ETH's long-term deflationary goal, but believes the existing base fee burn mechanism (EIP-1
Odaily News - Investment firm Bernstein recently released a report assigning different ratings to two major Bitcoin miners transitioning to AI infrastructure: maintaining an "Outperform" rating on CleanSpark with a price target of $24, and initiating coverage on MARA Holdings with a "Market-Perform" rating and a price target of $17.Bernstein analysts stated that the core reason for the valuation divergence between the two companies lies in their differing progress in executing AI infrastructure transitions. CleanSpark has already signed an anchor tenant agreement for an AI data center and commenced construction, while MARA is still awaiting its first commercial AI contract.Regarding CleanSpark, the company previously announced the signing of a 20-year triple-net lease agreement with a global high-investment-grade technology firm, covering 175MW of IT capacity at its Sandersville, Georgia project. The agreement also includes exclusive cooperation arrangements for CleanSpark's total 885MW asset portfolio in Texas. Bernstein believes that CleanSpark's collaboration with tenant-designated engineering and construction contractors helps mitigate risks associated with its first large-scale AI infrastructure deployment. The first data center hall is expected to become operational in the fourth quarter of 2027.In contrast, Bernstein's assessment of MARA is more cautious. Analysts pointed out that the first commercial AI contract will serve as a key catalyst for a re-rating of MARA's stock, noting that company management previously indicated expectations of signing at least two AI lease agreements by the end of this year. (The Block)
Odaily News: Bitcoin's volatility has recently neared zero, but market risks have not been resolved. Data shows that spot Bitcoin ETFs have not seen any outflows in the first week of August, with cumulative net inflows of approximately $754 million. However, Bitcoin's price remains around $64,700, while the options market is heavily focused on downside protection near $62,000 and $63,000.Market signals are showing divergence: on one hand, demand for spot ETFs has picked up again; on the other hand, derivatives traders are positioning in advance for a potential pullback, especially ahead of the latest U.S. employment data release.However, looking at the overall positioning structure, the market still leans bullish. Bitcoin call options account for approximately 60.7% of total open interest, indicating that investors' long-term expectations remain positive, with recent trading more concentrated on short-term risk hedging. Meanwhile, the cost of volatility protection remains low. Deribit's DVOL index, which reflects Bitcoin's expected volatility over the next 30 days, is currently around 35—a significant drop from the high of 90 earlier this year—suggesting that the market sees limited potential for major swings in the short term.That said, U.S. macroeconomic data could break this balance. The market expects U.S. non-farm payrolls for July to increase by approximately 97,500, up from 57,000 in June, with the unemployment rate expected to hold at 4.2%. If the employment data comes in stronger than expected, it could push U.S. Treasury yields higher and reinforce expectations of Fed rate hikes; if the data is weak, it could push yields down, but also heighten concerns about slowing economic growth.Currently, the Bitcoin market presents a pattern of "ETF inflows underpinning spot prices while the options market hedges against downside." Potential risks remain a concern in a low-volatility environment. With low market participation and insufficient liquidity, even small changes in supply or demand could trigger sharp swings in asset prices. (CoinDesk)
Odaily News: According to on-chain analyst Ai Yi's monitoring, an address associated with the Kingdom of Bhutan has again deposited 434.86 BTC, worth approximately $27.96 million, into Binance over the past 5 hours. This Binance deposit address has been flagged by Arkham as potentially belonging to the Royal Government of Bhutan, and has previously interacted with the Kingdom of Bhutan.
据期权分析师 [email protected]（@BTC__options）发布的 8月 7 日期权交割数据，3.2 万张 BTC 期权到期，Put Call Ratio 仅为 0.26，最大痛点 64,000 美元，名义价值 20.6 亿美元；17.7 万张 ETH 期权到期，Put Call Ratio 为0.77，最大痛点 1,900 美元，名义价值 3.4 亿美元。 比特币自 5 月以来持续在 64K 附近震荡逾两个月，65K 上方为年初上涨成交密集区，当前热点不在加密领域，投机资金难以流入，方向或偏向下行。加密货币市场已历经 9 个月熊市，整体隐含波动率（IV）维持低位已逾一季度，若 Q3 仍无增量资金流入，市场存在潜在较大风险暴露的隐忧。
A Bitcoin wallet dormant since 2011 transferred out approximately 49.97 BTC on August 6, equivalent to about $3.2 million at current prices.