In the first week of August 2026, the cryptocurrency market surged with total capitalization rising from under $2.2 trillion to $2.9 trillion. Bitcoin led the rally, climbing over 3% to surpass $65,300 despite regulatory setbacks from the U.S. Senate's failure to pass the CLARITY Act. Cardano (ADA) stood out with double-digit gains for the second week, boosted by a strategic partnership with Injective protocol, while privacy coins like ZEC and XMR also saw notable increases. However, XRP and some other major altcoins declined. The delay in the CLARITY Act vote means short-term crypto price movements will depend more on sector-specific developments until the bill returns to the Senate floor in mid-September.
An Ethereum whale who bought ETH between 2022 and 2023 at an average price of $2,723 sold 7,323 ETH on August 8, realizing losses over $19 million after staking for years. This sale near $1,906 per ETH marks a capitulation after holding through two b...
SharpLink CEO Joseph Chalom opposes Ethereum's EIP-8363 proposal, which would burn validator rewards as staking increases, potentially reducing staking yields to zero at a 50% staking ratio. He argues this could weaken decentralized finance by raisin...
XRP reversed its decline against Bitcoin after five days, bouncing back from oversold conditions indicated by the RSI dropping to 25 before recovering to 35. This rebound suggests XRP might be regaining strength relative to Bitcoin, though the RSI re...
Hyperliquid (HYPE) spot ETFs reversed a three-week outflow trend by gaining $2.84 million in fresh inflows for the week ending August 7, after losing over $30 million between mid-July and early August. This turnaround comes amid cautious market condi...
Bitcoin is approaching a key resistance level at $66,000, with net inflows to Bitcoin ETFs surging to $850 million in the first week of August, five times July's total. This increased demand could help Bitcoin break past this ceiling, potentially tri...
