Bitcoin Hits $64K, Yet One Indicator Says It's Still Very Undervalued

Groundbreaking joint research from ChangeNOW and CoinRabbit exposes critical vulnerabilities in current digital asset financial privacy systems, revealing how user data is at risk and proposing innovative solutions to protect cryptocurrency transactions from surveillance. Published on August 4, 2026 in Kingstown, Saint Vincent and the Grenadines, the comprehensive study analyzes how cryptocurrency exchanges and platforms can implement enhanced privacy measures while maintaining regulatory compliance. The research highlights the increasing demand for solutions that balance privacy with transparency in the rapidly evolving crypto ecosystem.

Deribit has solidified its position as the dominant force in the cryptocurrency options market, according to recent data from CoinGlass. As of August 4, 2026, the platform has outperformed five major crypto trading platforms, recording impressive trading volumes ahead of the highly anticipated Coinbase migration. This dominance signals strong market confidence in Deribit's infrastructure and trading options.

The Coinbase migration, expected to significantly impact the crypto derivatives landscape, appears to be driving traders toward established platforms like Deribit. Market analysts suggest this trend reflects a broader shift in the crypto derivatives ecosystem, with traders prioritizing liquidity and security during periods of transition. As the migration approaches, Deribit's market leadership could potentially reshape the competitive dynamics among crypto options exchanges, potentially influencing trading strategies and market liquidity across the entire cryptocurrency derivatives market.

Binance, the world's largest cryptocurrency exchange, has announced a strategic partnership with the Instituto Ayrton Senna to support McDia Feliz, Brazil's largest social campaign. The crypto giant reinforces its commitment to education and social transformation by distributing 10,000 vouchers during the campaign. This initiative marks a milestone in the integration between the cryptocurrency universe and social causes in Brazil, demonstrating how blockchain can be a tool for social good. The partnership between Binance and Instituto Ayrton Senna opens new possibilities for future collaborations that combine financial innovation with positive social impact in the country.

The United States has joined Japan's massive yen rescue operation involving nearly $96 billion over just two days, sending shockwaves through Bitcoin trading circles. This unprecedented coordination between world economic powers has triggered alerts across crypto markets, as traders brace for potential unwinding of positions financed through cheap Japanese capital. While the intervention aims to shield over $1 trillion in US Treasuries, its implications for Bitcoin are far-reaching. With the Japanese carry trade now under threat, investors may flock to digital assets like Bitcoin as safe havens, or face forced liquidations that could spark volatility in cryptocurrency markets. This geopolitical financial maneuver marks a potential inflection point for Bitcoin's future as a refuge asset.

BNY, the world's largest custody bank, is making a strategic move into the crypto staking market through an innovative partnership with Galaxy Digital. This initiative marks a significant turning point in institutional adoption of digital assets, allowing institutional clients to participate in the crypto ecosystem securely and in a regulated manner.

The collaboration, announced on August 4, 2026, represents another firm step by Wall Street into the digital realm, where staking emerges as a growing source of passive income for investors. With BNY bringing its robust custody infrastructure and Galaxy Digital its staking operations expertise, the market is witnessing an acceleration in integration between traditional finance and the crypto world, potentially bringing additional liquidity and credibility to the sector.