Bitcoin Industry

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🔔 Bitcoin Price Prediction: BlackRock Just Cut Its Bitcoin ETF Minimum by 96% ➡️ Bitcoin is sitting roughly 30% below where it started the year, a level that would normally trigger a negative price prediction. Instead, BlackRock is doubling down, and the details behind that conviction matter more than the headline drawdown. The asset manager’s latest framing treats Bitcoin’s slide from October’s $126,000 peak as a leverage unwind, not a verdict on the asset itself. 🔖 Roughly 80% of the $90 billion in crypto futures open interest near the top came from unregulated perpetual contracts, and when tariff shocks hit risk assets, that positioning liquidated fast. Meanwhile, spot Bitcoin ETPs just posted their strongest inflow week since mid-April, about $853 million, with BlackRock’s IBIT alone pulling in $693-854 million and adding over 9,000 BTC. 🌐 BTC is consolidating in a tight band, roughly $63,200 to $65,340, with price sitting near the lower-middle of that range. Volume has picked up alongside ETF inflow data, suggesting institutional buyers are stepping in near current levels rather than chasing strength. Sustained ETF inflows, combined with cooling CPI data, push BTC through $65,340 resistance and open a path back toward $70,000 as decoupling from equities strengthens.

🌐 Coinbase, Ripple to join Aug. 19 White House crypto meeting 🔔 Coinbase and Ripple executives have been named among the expected attendees at an Aug. 19 White House meeting involving at least six crypto and prediction market companies. The report did not identify the individual executives who will represent each firm. Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse have both supported the Digital Asset Market Clarity Act, which remains stalled in the Senate after lawmakers left Washington for their August recess. ⚠️ CFTC Chairman Michael Selig and SEC Chairman Paul Atkins are also expected to participate, according to people familiar with the planning. Neither the White House nor the two regulators had published a formal agenda for the meeting at the time of writing. For Coinbase and Ripple, the meeting comes before a scheduled Senate test for legislation that could decide how the two main U.S. market regulators divide responsibility for digital assets. ‼️ The CLARITY Act would place spot markets for qualifying digital commodities under CFTC oversight while keeping crypto assets classified as securities within the SEC’s authority. It would also establish federal requirements for exchanges, brokers, dealers, advisers, and digital asset custodians. American investors could be directly affected by that division because a token’s regulatory status can determine where it may trade, which disclosures apply, and whether a platform must register with the SEC or comply with CFTC market rules.

📌 Galaxy says Ethereum, Solana may rethink token inflation models ⚠️ Galaxy Research Vice President Lucas Tcheyan said on Aug. 7 that Ethereum and Solana are confronting a similar policy question: how much token issuance is needed to pay for network security, and when does that security budget become more costly than useful? The debate is moving through proposal processes on both networks, but neither blockchain has approved an inflation change. 📣 One important update concerns Ethereum’s proposal number. Galaxy initially referred to the Tapered Issuance Burn proposal as EIP-8361. Ethereum’s EIP editors later assigned it EIP-8363 because EIP-8361 had already been allocated elsewhere. The EIP-8363 pull request remained open as of Aug. 9, and an editor requested changes on Aug. 6. ⭐️ EIP-8363 would burn a growing share of consensus layer validator rewards as Ethereum’s staking ratio rises. The burn fraction would reach 100% around a 50% staking ratio, removing new issuance as an incentive for additional staking beyond that level. The authors propose an 18 month transition because applying the full mechanism immediately would sharply reduce validator returns.