BTC $62,948.86 -0.82%
ETH $1,880.58 -0.35%
BNB $607.35 -0.47%
XRP $0.9997 -1.14%
SOL $75.29 -0.91%
TRX $0.3320 -0.60%
DOGE $0.0700 -0.20%
ADA $0.1797 -1.80%
BCH $205.39 -0.43%
LINK $9.08 +2.42%
HYPE $56.30 -2.18%
AAVE $86.38 -2.23%
SUI $0.6826 -0.84%
XLM $0.1578 -1.10%
ZEC $491.75 +0.06%
BTC $62,948.86 -0.82%
ETH $1,880.58 -0.35%
BNB $607.35 -0.47%
XRP $0.9997 -1.14%
SOL $75.29 -0.91%
TRX $0.3320 -0.60%
DOGE $0.0700 -0.20%
ADA $0.1797 -1.80%
BCH $205.39 -0.43%
LINK $9.08 +2.42%
HYPE $56.30 -2.18%
AAVE $86.38 -2.23%
SUI $0.6826 -0.84%
XLM $0.1578 -1.10%
ZEC $491.75 +0.06%

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Data: In August, Bitcoin may maintain a range of $58,000 to $67,000, with a breakthrough still requiring macroeconomic and capital catalysts

CryptoQuant analyst Axel Adler Jr. released the August Bitcoin market outlook, stating that BTC is currently down about 50% from the cycle high of $126,200 set in October 2025, with prices approaching the on-chain average holding cost. It is expected that August will likely maintain a volatile trend. The report suggests that the most probable scenario for August (with a probability of about 55%) is that BTC will trade in the range of $57,700 to $67,000, potentially closing at $60,000 to $64,000 by the end of the month.The bearish scenario (30% probability) involves a drop below $57,700, further testing the on-chain realized price of about $52,800; the bullish scenario (15% probability) requires a stable position above $67,000, along with continuous inflows of ETF funds, a decline in U.S. Treasury yields, and a weakening dollar, targeting $71,000 to $74,000. The current valuation is close to the on-chain cost area, and the spot Bitcoin ETF continues to see net inflows, providing support for the market; however, the high interest rate environment, sustained high U.S. Treasury yields, and a relatively strong dollar still limit the upside potential for risk assets. The report also reminds to pay attention to the impact of macro events such as U.S. non-farm employment, CPI, and the Jackson Hole central bank annual meeting on market liquidity.

Nigeria issues guidelines for virtual asset taxation, requiring the declaration of income from mining, staking, and airdrops

According to The Nation Online, the Nigerian Tax Authority has released the "Virtual Asset Taxation Guidelines," officially incorporating cryptocurrencies, stablecoins, NFTs, and other blockchain digital assets into the country's tax system. The guidelines were published on July 31 and provide the first detailed framework for taxing the income from assets such as cryptocurrencies, stablecoins, governance tokens, and NFTs.The guidelines stipulate that income generated from the disposal, exchange, or transfer of virtual assets must be taxed according to Nigerian tax law, and income from blockchain activities such as mining, staking, validating, airdrops, and token rewards is also subject to taxation. Virtual assets must be valued at the market price of exchange platforms recognized by the tax authority. Individuals and businesses must maintain complete transaction records, and virtual asset service providers must register for taxation and report large or suspicious transactions. The SEC continues to regulate securities-type virtual assets, while the tax authority is responsible for tax management. The guidelines do not set a separate tax rate for cryptocurrencies but apply existing tax law provisions. The guidelines follow President Bola Tinubu's executive order on establishing a coordinated regulatory framework for virtual assets.

first_img Large American companies are resuming hiring, and the expectation that AI will replace jobs is reversing

According to the Wall Street Journal, after nearly a year of freezing hiring, several large companies in the United States have begun to rehire, with railway giant CSX and Google's parent company Alphabet recently indicating plans to recruit to support growth targets or seize emerging technology opportunities. Over the past year and a half, large employers have generally reduced white-collar positions, partly due to economic uncertainty and partly based on the judgment that reducing staff can lead to faster growth and that AI can take on more work. However, some executives now state that the costs and limitations of AI actually require an increase in personnel.The report states that Booz Allen's Chief Operating Officer Kristine Martin Anderson indicated that the company needs to accelerate hiring, as it cut thousands of positions last year amid a contraction in federal contracts, with a total headcount of about 30,900 as of June 30, a year-on-year decrease of 7.5%. Sarah Franklin, CEO of the HR platform Lattice, stated that many companies had paused hiring for junior positions due to expectations that AI would take over jobs, but now realize that even with programming agents, they still need to hire engineers and are currently re-hiring a large number of junior positions. At the same time, layoffs in the U.S. have slowed, with initial jobless claims recently dropping to the lowest level since 1969.
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