Bitcoin could confirm an August bear-market bottom, though rising Treasury yields could force the Fed to raise rates in September, according to 10x Research. Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, according to 10x Research. Markus Thielen, founder of 10x Research, said in a Monday report shared with Cointelegraph that Bitcoin closed July below the threshold needed to confirm a technical bottom. A monthly close near $63,000 would turn several of 10x Research’s cycle indicators bullish. Bitcoin was trading at $63,140 when the analysis was prepared, meaning a relatively small gain from July’s closing level could trigger the reversal signal. The company said it continued to favor long positions but would shift to a neutral stance if Bitcoin broke key support levels and moving averages. Read more
HashKey Exchange said it received approval to open client money accounts with JPMorgan, weeks after it launched customer fund accounts with DBS Bank. Hong Kong-licensed cryptocurrency exchange HashKey Exchange received approval from JPMorgan Chase to open a client money account, its parent company said Monday. The account will support client fund segregation and settlement through JPMorgan’s banking infrastructure, HashKey Holdings said in a press release. A week earlier, HashKey Holdings combined the previously separate HashKey Exchange and HashKey Global applications into a single portal. Read more
The crypto exchange stopped accepting new registrations from Japan residents and will begin progressively restricting existing accounts on Nov. 1. Crypto exchange Bitget said it will stop providing services to residents of Japan and phase in account restrictions. The exchange announced Monday that it had stopped accepting new registrations from residents of Japan, while account restrictions will begin Nov. 1. Any positions still open on Dec. 31 will be forcibly closed. Bitget said users who believe they have been incorrectly classified as residents of Japan must complete “Level 2” identification, which includes address verification, by Nov. 1. Failure to do so will result in their accounts being classified as belonging to residents of Japan. Read more
The Nasdaq-listed company relies largely on staking rewards to fund operations, while its 0G holdings were valued 91% below their recorded costs. Nasdaq-listed crypto treasury company ZeroStack warned that substantial doubt exists about its ability to continue operating over the next year, reversing its assessment from three months earlier. In a Form 10-Q filed with the US Securities and Exchange Commission (SEC) on Friday, ZeroStack reported $2.6 million in cash, negative working capital of $600,000 and an accumulated deficit of $339.1 million as of June 30. The company also posted an $82.5 million fair value loss on digital assets and a net loss of $61.3 million for the first half of 2026. ZeroStack said its 75.1 million Zero Gravity (0G) tokens had an aggregate cost of $163.3 million and a fair value of $15.2 million as of June 30, leaving the holdings valued about 91% below their recorded costs. Read more
The persistent discount suggests US spot buyers have remained less aggressive than overseas traders even as US Bitcoin ETF inflows turned positive in July. Bitcoin fell under $63,000 on Monday as the Coinbase Premium Index, a proxy for US institutional demand for Bitcoin, reached its 77th day in the red. Bitcoin has traded at a persistent discount on Coinbase relative to international exchanges since May 19, with the latest premium rate at -0.1369%, according to Coinglass. As of Monday, the premium has continued its longest negative streak in history. 10x Research head Markus Thielen said the negative premium indicates that US institutional investors are still liquidating Bitcoin. Read more