236 source-dated archive files currently reconstruct the cryptocurrency record for 2026. Each article displays its historical event date and separate actual publication time.
Japan’s financial authorities reportedly planned to study near-real-time securities settlement using blockchain, extending experiments involving central-bank money and Japanese government bonds. The initiative remained preliminary, with no approved system or implementation timetable.
Grayscale converted its nine-year-old Zcash trust into ZCSH, giving brokerage accounts access to spot ZEC exposure while retaining important distinctions from a 1940 Act-registered ETF.
A determination effective August 24, 2026 applied Executive Order 13902 to Iran’s digital-asset sector, widening the grounds on which the United States could sanction foreign operators and service providers.
Two on-chain proposal executions removed 2,841.7435 WETH and 1,679,639.29 USDC, an estimated $8.46 million at the contemporaneous ETH price used in the reconstruction.
Laser Digital Japan became the country’s first newly registered crypto-asset exchange provider in about four years, creating a regulated route toward domestic liquidity and institutional trading services.
Michael Selig directed staff to explore a federal registration framework for crypto exchanges and compliant paths for onchain protocols, while emphasizing that legislation remained the preferred outcome.
The regulator sought no additional monetary relief from the cooperating executives, while court orders preserved trading restrictions and continuing cooperation duties.
The proposal defined issuance, U.S. market access and due-diligence expectations for domestic platforms and foreign payment-stablecoin issuers, but remained subject to public comment.
Bitcoin remained confined to a roughly 1% UTC-day range as subdued weekend trading preserved the preceding week’s decline and an SEC policy meeting remained cancelled.
A single BNB Chain transaction used flash liquidity and Fox Market’s LP-bond accounting to extract at least 112,976 USDT, according to a later reproducible trace.
The commission did not hold its scheduled meeting on a tailored crypto-asset offering regime, leaving the proposed rulemaking unopened and its substance undisclosed on August 14.
The network said its patch had blocked further unauthorized ONE creation, but the disputed supply, exchange freezes and potential rewriting of chain history remained unresolved.
A conditional no-action position opened a path for Franklin Templeton funds to hold shares of an affiliated onchain government money-market fund while replacing physical-custody procedures with recordkeeping, reconciliation and oversight controls.
The regulators filed separate civil complaints against Goliath Ventures and Christopher Delgado, alleging that hundreds of millions of dollars raised for crypto liquidity pools were never invested as represented.
The 191-megawatt Rockdale agreement gave Riot a contracted use for mining-era power infrastructure, but its revenue and profit estimates remained long-range forecasts.
The proposed restrictions on arbitrary transaction data produced a minority branch that had advanced only two blocks by August 9, exposing the gap between node enforcement and network-wide consensus.
Majority Leader John Thune filed cloture on the motion to proceed to H.R. 3633, preserving a path for the digital-asset market-structure bill while leaving its substantive disputes and 60-vote hurdle unresolved.
The parties abandoned a proposed public company designed to accumulate CRO, ending its prospective token contributions, financing facilities and validator strategy before closing.
First Data was assigned the issuer and primary-market roles, while BKN301 would connect Tether’s tokenization platform to banking, payments and compliance infrastructure. No asset, issuance value, blockchain, regulator or launch date was disclosed.
BlackRock, DTCC, Mastercard, Visa and other financial institutions joined Arc’s founding validator cohort as Circle targeted September 16 for public launch.
Coinkite said the threat remained active and urged affected users to migrate from seeds created by flawed firmware. Galaxy Research’s event-day accounting identified 1,596 BTC across about 7,300 addresses, while a possible fourth wave remained unconfirmed.
The payment network brought BVNK’s fiat and on-chain payment infrastructure in-house after agreeing to pay $1.5 billion plus as much as $300 million in contingent consideration.
Two transactions moved bitcoin valued at about $165 million from publicly attributed wallets, but the blockchain record did not establish a sale or reveal the company’s complete holdings.
The July 31 publication of an SEC approval order expanded the circumstances in which qualifying commodity-based trust shares could begin trading without a separate product-by-product rule filing.
The exchange operator reported a $359.5 million loss while presenting stablecoins, subscriptions and newer markets as counterweights to weaker crypto trading.
Bitcoin and ether briefly weakened after the Federal Reserve’s 9–3 vote exposed pressure for higher rates, but neither asset broke decisively from its pre-announcement range.
Executed leases covered approximately 529 megawatts, while an AMD reservation right supported the companies’ headline potential of up to 2.5 gigawatts.
Federal prosecutors asked to dismiss the indictment against Matthew Goettsche with prejudice, leaving a major cryptocurrency-mining fraud case awaiting the court’s decision.
The exchange stopped accepting new deposits and orders, established an August trading cutoff and warned that withdrawal reviews could take longer during the closure process.
A July 25 data check found growing use of Robinhood’s new layer-two network for stock-linked tokens, although memecoins and stablecoins still accounted for most trading.
The scheduled step-down reduced daily unlocks from about 5.1 million WLD to 2.9 million without changing the token’s maximum supply or creating a one-time cliff.
The Nasdaq-listed crypto index fund authorized staking of eligible assets, with common shareholders receiving 60% of net income above a sponsor allocation threshold.
The program paired developer grants with research and expert review, turning a long-horizon cryptographic risk into a funded Bitcoin engineering effort. It did not change Bitcoin’s protocol or establish that a quantum attack was imminent.
NYSE Arca raised the same-side position and exercise limits for iShares Bitcoin Trust ETF options from 250,000 to 1 million contracts, aligning the venue with three other options exchanges.
The one-year implementation deadline expired with major stablecoin rules still at the proposal stage, leaving issuers without a completed federal supervisory framework.
A New York field hearing put unresolved questions about SEC-CFTC jurisdiction, crypto intermediaries and software developers back before Congress without producing a vote or changing the law.
Eligible E*TRADE clients gained access to Bitcoin, Ethereum and Solana, although trading and custody occurred through separate Zero Hash accounts without FDIC or SIPC protection.
More than 30 financial and digital-asset firms participated as tokenized DTC-held securities moved through collateral, repo, equity and margin workflows.
The largest corporate bitcoin holder sold 4.8 million MSTR shares and lifted its designated dollar reserve to $3 billion, directing new capital toward financial obligations instead of another bitcoin acquisition.
The automatic adjustment lowered the proof-of-work threshold to 127.17 trillion, demonstrating how Bitcoin responds when blocks arrive more slowly than targeted.
A July 10, 2026 filing urged the SEC to evaluate custody, interfaces and discretionary conduct separately instead of treating an automated market maker as a conventional intermediary.
On July 9, 2026, Swift said its shared ledger was ready for initial use, bringing 17 banks into a controlled test of round-the-clock cross-border payments.
National regulators were assigned to examine a risk-based sample of authorized providers, testing custody controls across key management, transactions, incidents, smart contracts and third parties.
The commission’s updated agenda mapped prospective rules for crypto offerings, custody, broker-dealers and trading venues, but it did not create binding requirements.
Venue-specific records show bitcoin approaching $64,000 on July 5, extending a rebound from below $60,000 while conventional U.S. trading remained constrained by the holiday weekend.
The project opened a 1:1 bridge for GLMR holders and prepared to wind down its Polkadot parachain while recasting Moonbeam as an AI-agent coordination protocol.
The tokenization company began public trading after a SPAC merger and said eligible U.S. investors could access issuer-sponsored shares on Avalanche and Solana.
The European Union’s last grandfathering window expired on July 1, 2026, leaving firms without MiCA authorization unable to continue business as usual for EU clients.
The board allowed defined sales from the company’s 847,363-BTC reserve, including up to $1.25 billion of proceeds for its dollar reserve, while stressing that no sale was required.
CoinMarketCap recorded bitcoin at $59,532.34, while another aggregator returned $59,759.12—agreement on direction, but a reminder that crypto has no universal closing price.
The proposed combination would place the Japanese crypto exchange under SBI’s sole control, subject to antitrust clearance and several transaction steps.
The federal regulator asked a court to block Kentucky from applying state gambling, consumer-protection and tax laws to federally registered event-contract exchanges.
Rogue prover instances enabled unauthorized withdrawals later valued at approximately $1.75 million, exposing a failure in the rollup’s hardware-attestation safeguards.
The exchange announced a broad cross-asset strategy, but important products remained limited by geography, eligibility and forward-looking rollout schedules.
Bitcoin reached its highest level in nearly two weeks after Pakistan announced a U.S.-Iran peace agreement. The market move was observable, but attributing it entirely to the announcement would overstate the evidence.
The automatic adjustment lowered the mining threshold to 124.93 trillion after effective hashpower failed to maintain Bitcoin’s targeted block cadence.
The agency outlined how it would evaluate event contracts involving gaming, war, terrorism, assassination or unlawful conduct without imposing a categorical ban.
Attackers used compromised credentials to alter bridge infrastructure and sell H across Ethereum and BNB Smart Chain, exposing how operational security could override audited contract logic.
The proposals targeted crypto’s unresolved treatment under rules for mining, staking, network fees, stablecoins, wash sales, lending and tax reporting.
A validation failure disrupted the bridge between Syscoin’s UTXO and EVM-compatible environments, forcing an emergency pause and a containment effort around newly created supply.
ZEC lost roughly half its value on June 5, 2026, after a patched zero-knowledge-circuit vulnerability left conflicting claims about what the network could prove concerning past counterfeiting.
Bitcoin touched its lowest level since February as roughly $3 billion of reported liquidations over two days amplified persistent selling and heavy withdrawals from U.S. spot ETFs.
The card network outlined intraday, weekend and holiday settlement options spanning regulated stablecoins and multiple blockchains, while leaving rollout timing and availability subject to regulation.
The remittance company introduced a dollar stablecoin with Bridge as issuer, M0 handling token infrastructure and Fireblocks supporting wallets, while the initial record left consumer rollout and reserve reporting details unresolved.
CoinShares recorded a third consecutive week of withdrawals from tracked digital-asset investment products, with bitcoin vehicles accounting for $1.438 billion of the latest outflow.
The financially settled contract gave regulated derivatives traders direct exposure to a 30-day measure derived from CME bitcoin-options markets, without requiring a directional bitcoin position.
Validator participation recovered after upgrade-related failures repeatedly interrupted settlement, exposing weaknesses in gas processing and epoch-change recovery.
A rapid risk-off move pushed bitcoin to a six-week low and liquidated almost $1 billion of leveraged crypto positions while U.S. spot funds recorded another large redemption session.
Federal authorities accused Michele Spagnuolo of using confidential Google search data to earn approximately $1.2 million through cryptocurrency-settled event contracts.
Britain imposed an asset freeze, payment restrictions and internet-service measures on Huobi Global S.A. while alleging financial support for Russia-linked A7 and Garantex.
The proposed GEL₮ token would represent Georgia’s national currency on digital-asset rails, but its structure, authorization and rollout remained unresolved.
Unauthorized minting disrupted two regulated European stablecoins, exposing how administrative-key controls can undermine backing even when legitimate reserves remain segregated.
Bitcoin fell as low as $74,255 on May 23, 2026 before recovering, extending a market stress episode preceded by roughly $1.55 billion of U.S. spot-Bitcoin ETF outflows.
Nasdaq PHLX won accelerated approval for cash-settled QBTC options tied to a Bitcoin price benchmark, although CFTC relief and an updated options disclosure document remained prerequisites to trading.
The bipartisan ARMA proposal sought statutory custody, audit and disclosure rules for federal bitcoin—but authorized a study, not an immediate government buying program.
The May 20 expansion brought 37 financial institutions from 15 European countries into a bank-owned project seeking authorization to issue a MiCA-compliant euro token.
Executive Order 14405 directed six financial regulators to examine barriers facing fintech firms and asked the Federal Reserve to evaluate payment-account access for nonbanks, including digital-asset companies.
The protocol returned wrapped Ether collateral ratios to their pre-incident settings as the rsETH recovery continued, reopening borrowing capacity on Ethereum and four layer-2 networks.
The major client release moved Solana’s validator stack to QUIC-only transaction ingestion, removed legacy interfaces and prepared operators for a staged mainnet rollout.
Unauthorized transactions forced the cross-chain liquidity protocol to stop trading and signing as investigators focused on its GG20 threshold-signature implementation.
The bipartisan committee vote moved a comprehensive U.S. crypto-market-structure proposal toward the Senate floor without changing the law or resolving disputes over illicit finance, ethics and stablecoin rewards.
The registered money market fund linked public-blockchain transaction rails with Treasury-backed liquidity and the reserve needs of regulated stablecoin issuers.
A May 8 federal order reported on May 9 allowed an onchain custody transfer while preserving legal restraints and leaving ownership of the disputed ether unresolved.
The exchange’s total revenue fell 31% from a year earlier, while lower consumer activity and losses on its crypto holdings outweighed growth in institutional and newer products.
The May 6 roadmap placed an issuance-limit hard fork and faster payment handling beside longer-term work on multi-asset fees, post-quantum security and bridge design.
The proposed acquisition would put a global transfer agent alongside Bullish’s digital-asset exchange and tokenization infrastructure, subject to regulatory approvals and closing conditions.
The early-Asia rally carried bitcoin to a three-month high as improving risk sentiment and spot-ETF demand supported the market, although different price feeds recorded different peaks.
A restraining notice complicated Arbitrum’s plan to release 30,765.67 ETH into a DeFi recovery effort, placing an onchain governance decision inside a federal judgment-enforcement dispute.
Core contributors demonstrated an external-builder pipeline and outlined a path toward higher capacity, but two contested ePBS questions remained unresolved.
BDO’s point-in-time assurance report showed $191.77 billion in assets against $183.54 billion in liabilities, while its limited scope stopped short of a full financial-statement audit.
The proposal sought to combine a public Bitcoin treasury, financial services and mining, but no binding agreement, transaction structure or board approval existed.
The payments network added Arc, Base, Canton, Polygon and Tempo while reporting a $7 billion annualized settlement run rate, although Visa did not publish the underlying transaction dataset or calculation methodology.
Arkham identified wstETH entering Lido’s withdrawal queue, but the April 26 record did not establish that the foundation had sold or transferred the resulting ETH to an exchange.
An attempt to exploit Litecoin’s privacy extension divided upgraded and unupgraded miners, forcing a coordinated chain recovery and an emergency Core release.
The bloc’s 20th Russia sanctions package extended transaction prohibitions beyond named exchanges, while giving affected operators until May 24 before its central crypto-platform restriction applied.
Bitcoin reached an 11-week high while U.S. spot bitcoin products recorded $335.8 million of net inflows, connecting the price breakout to renewed institutional demand.
The emergency intervention moved ether from an exploiter-linked address into an intermediary wallet, demonstrating both the recovery power and governance tradeoffs embedded in Arbitrum One.
The acquisition lifted the company’s reported treasury above 800,000 BTC and tied its bitcoin accumulation to common and perpetual-preferred share issuance.
The April 17, 2026 complaint alleged that Donald G. Basile and two affiliated companies falsely marketed LTNM as insured and asset-backed while diverting investor money.
The U.S. accounting standard setter moved toward guidance on when digital assets may qualify as cash equivalents and how certain wrapped tokens should be measured and disclosed.
CoW DAO warned users away from its trading interface and paused backend access after attackers redirected its domain, exposing a critical weakness between decentralized protocols and conventional web infrastructure.
The continuously traded asset retreated toward $70,500 as failed U.S.-Iran negotiations and a threatened blockade renewed geopolitical and energy-market risk.
Bitcoin retained most of its weekly advance even after headline inflation reached 3.3%, while the underlying data showed a sharp divide between energy prices and core inflation.
The Ethereum treasury company began trading on the New York Stock Exchange on April 9, 2026, pairing the move with a substantially expanded share-repurchase program.
The preliminary figures illustrated why bitcoin purchase volume can dominate reported revenue while contributing much less to gross profit—and why treasury holdings can make GAAP earnings volatile.
The unanimous proposal addressed reserves, redemption, capital, custody and deposit insurance while preserving a legal distinction between payment stablecoins and tokenized bank deposits.
The rules made crypto ETNs qualifying investments for Innovative Finance ISAs while ending new acquisitions through stocks and shares ISAs and Junior ISAs. Existing positions were grandfathered.
Bitcoin advanced 2.51% to $68,981.90 as large-cap cryptoassets broadly recovered during a Sunday session when U.S. cash equity and ETF markets were closed.
The preliminary charter decision opened a path for Coinbase to move its institutional digital-asset custody business under federal bank supervision, subject to capital, liquidity and preopening requirements.
Early on-chain estimates ranged from at least $200 million to roughly $270 million, but the attack’s mechanism, final loss and attribution remained unresolved on April 1.
The bankruptcy recovery trust commenced cash payments across customer, unsecured-creditor and convenience classes, subject to claim and compliance requirements.
Bitcoin briefly fell below $65,000 during March 29 weekend trading, extending a volatile week in which geopolitical headlines repeatedly moved the continuously traded crypto market.
The second-largest cryptocurrency stabilized after the preceding session’s selloff, but its seven-day loss exceeded bitcoin’s as geopolitical and derivatives pressures weighed on digital assets.
The approved framework allowed Nasdaq ISE to list options on qualifying trusts holding multiple crypto assets without seeking separate SEC approval for every eligible product.
The miner converted approximately $1.1 billion of bitcoin into balance-sheet capacity, marking a significant use of its reserve beyond long-term accumulation.
Lawmakers examined two discussion drafts while market-infrastructure executives argued that tokenization should preserve existing ownership rights and investor protections.
The company spent $76.6 million during March 16–22, lifting its reported treasury to 762,099 BTC while demonstrating the link between equity issuance and bitcoin accumulation.
Bitcoin’s continuously traded market registered a defensive weekend signal as threats against power and energy infrastructure intensified around the Strait of Hormuz.
Coinbase’s BTC-USD market fell 2.25% during the UTC session and closed 9.35% below its March 17 intraday high as geopolitical and interest-rate uncertainty weighed on risk markets.
The Federal Reserve maintained its 3.5%–3.75% target range and raised its 2026 inflation projection while bitcoin and other major crypto assets retreated.
The committee recommended passage of legislation that would bring qualifying crypto exchanges and tokenised custody platforms into Australia’s established financial-services regime.
Coinbase’s BTC-USD market gained 2.24% during the UTC session and 10.40% over seven daily closes, while ether and solana also advanced amid renewed ETF demand.
The BTC-USD market closed its UTC session 0.41% above the open as traders weighed an escalating conflict and its implications for energy and interest rates.
Coinbase BTC-USD finished the UTC session above its open but 4.09% below its high, capturing a sharp shift from oil-driven relief to renewed Middle East risk.
The banking group’s digital-asset subsidiary extended its MiCA-aligned euro stablecoin to a fourth public blockchain, turning a previously announced integration into a live deployment.
The proposed infrastructure would connect issuer-sponsored stock tokens with regulated markets and eligible blockchain networks, while preserving shareholder rights and issuer control.
The weekend retreat showed how quickly macro pressure could overwhelm an attempted cryptocurrency recovery, although venue and measurement windows produced different percentage declines.
Bitcoin surrendered a rebound that had briefly carried it near $74,000, reinforcing its sensitivity to weakening growth signals, rising energy costs and broad risk reduction.
The minority investment paired a major regulated-market operator with a crypto exchange, but the planned futures, tokenized equities and joint infrastructure remained subject to development and regulatory approval.
The conditional approval connected a crypto-focused Wyoming bank to Federal Reserve infrastructure while leaving its services and risk controls partly confidential.
The expansion connected stablecoin-funded wallets to Visa’s merchant network while a separate pilot tested blockchain settlement between financial institutions.
Bitcoin’s March 2 recovery from the U.S.-Iran shock coincided with an estimated $458.2 million entering U.S. spot-bitcoin funds, although leverage complicated the rally.
The platform argued that conflict markets supplied valuable forecasts while fresh accounts, $529 million in cumulative volume and unresolved information risks intensified oversight questions.
A 4.31% slide from Coinbase’s UTC open reversed before the daily close, showing how nonstop crypto trading absorbed a weekend geopolitical shock while traditional markets were shut.
The stablecoin issuer reported $133 million in fourth-quarter net income, while lower reserve yields exposed the interest-rate sensitivity beneath USDC’s growth.
A roughly 4% evening decline showed how thin liquidity, leveraged positioning and shifting macroeconomic expectations were shaping the cryptocurrency market.
The Bitcoin miner acquired 64% of the French secure-cloud and high-performance-computing company, extending its energy-and-compute strategy beyond mining.
The agency asked the Ninth Circuit to reverse a Nevada ruling, arguing that event contracts on federally regulated exchanges fall under its exclusive jurisdiction.
The lender relaunched yield, exchange and credit products through a partner-based structure three years after agreeing to end its earlier U.S. interest product.
BTC reached $70,939.29 during the February 15 UTC session before closing at $68,788.19, illustrating the fragility of its rebound from an early-February selloff.
Bitcoin gained 1.32% during the UTC day after a stronger February 13 advance, while several large alternative assets outperformed. The move followed a lower U.S. inflation reading but did not prove a durable market reversal.
The internal succession ended Stańczak’s shorter-than-planned tenure while preserving Hsiao-Wei Wang’s role and the foundation’s dual-executive structure.
The appointment moved Britain’s sovereign-debt tokenization plan toward implementation, although no digital gilt had been issued and no launch date was announced.
Financial Secretary Paul Chan said the first batch would be deliberately small, turning Hong Kong’s new issuer regime toward its first licensing decisions.
A federal judge found that two asserted cryptocurrency-exchange patents covered abstract economic ideas implemented with existing blockchain technology, while leaving the plaintiffs 21 days to amend.
Financial authorities ordered an industry-wide review of crypto-exchange controls after erroneous account credits exposed weaknesses in ledger reconciliation and human-error safeguards.
The Financial Services Commission ordered broader internal-control reviews as Bithumb reported restoring customer-asset matching after mistakenly crediting 620,000 BTC on its internal ledger.
Slower block production triggered a major proof-of-work retarget, easing mining competition after active computing power fell during a period of weak economics and winter curtailments.
Bitcoin lost successive price levels during the February 5 U.S. trading day, exposing the interaction between leveraged crypto markets, ETF outflows and corporate bitcoin balance sheets.
The Digital Commodity Intermediaries Act reached the Senate calendar with a proposed federal regime for spot digital-commodity exchanges, brokers and dealers, but remained far from enactment.
The decline exposed the risks of continuous trading, thin weekend liquidity and leverage even as regulated cryptocurrency derivatives infrastructure continued to develop.
A 6.50% decline in Coinbase’s UTC session pushed bitcoin to its lowest level since April 2025, exposing the market’s sensitivity to liquidity expectations and continuous weekend trading.
The exchange said it would replace SAFU’s stablecoin reserves with bitcoin within 30 days, accepting price volatility while promising to replenish the fund if its value fell below $800 million.
A venue-specific BTC-USD candle captured a thin-trading selloff that also pulled ether and other major crypto assets lower, while its cause remained uncertain.
Finalized data available on January 24 showed five consecutive U.S. trading sessions of net redemptions, while bitcoin’s Coinbase market declined 0.44% during the UTC day but remained above $89,000.
The dismissal with prejudice closed a prominent crypto-lending enforcement action without producing a final judicial ruling on whether the Earn agreements were securities.
The filing moved options on 12 bitcoin and ether funds toward Nasdaq ISE’s generally applicable position-limit, exercise-limit and FLEX rules, although the changes were not yet operative on January 21.
The proposed market would combine NYSE matching technology with blockchain-based settlement, stablecoin funding and conventional shareholder rights, subject to regulatory approval.
A four-hour BTC-USD repricing across January 18–19 UTC showed how continuously traded crypto absorbed geopolitical risk while U.S. cash markets were closed.
The cross-border central-bank digital currency platform had moved far beyond its 2022 pilot, although yuan concentration and limited transaction-level disclosure narrowed what the milestone proved.
Decree No. 19 defined a hybrid institution combining token activity with financial operations, but no crypto bank was licensed or operating on January 16.
The derivatives exchange proposed standard and micro contracts for three additional crypto assets, subject to regulatory review before their planned February 9 debut.
The Banking Committee canceled its planned January 15 consideration of sweeping digital-asset legislation without setting a replacement date, leaving disputes over stablecoin rewards, DeFi and tokenization unresolved.
The blockchain-analytics firm projected that its provisional total could exceed $17 billion as more illicit addresses were identified, with impersonation and AI-linked operations driving the increase.
Stablecoin rewards, protections for decentralized-finance developers and public-official ethics remained unsettled before a scheduled January 15 committee markup.
The FCA approvals opened a regulated route for Ripple’s institutional payment services, but did not amount to a banking licence or blanket approval of its tokens and products.
The company financed its opening 2026 Bitcoin purchase with common-stock sales while disclosing a large unaudited fourth-quarter digital-asset loss and a larger dollar liquidity buffer.
BTC-USD records placed the session high near $91,700, extending Bitcoin’s recovery from its January 1 opening level while exposing the limits of any single crypto closing price.