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Improving sentiment driven by expectations for crypto-friendly U.S. policies and expanded Treasury liquidity measures lifted the digital asset market, Bloomberg analyzed. Bloomberg said BTC surged nearly 8% in a short squeeze, triggering the biggest short-position liquidation since 2021, with more than $1 billion in short positions liquidated in one hour. BTC also jumped to $69,500, the highest level since early June, and posted its biggest daily gain since March. ETH also rose as much as 12%, while crypto-related stocks including Coinbase (COIN) and Strategy (MSTR) posted sharp gains. Bloomberg said buying across the broader market was supported by U.S. policy moves seen as favorable, including regulatory discussions under President Donald Trump, the U.S. SEC's proposal to exempt crypto issuance startups from securities registration, and the U.S. Treasury's expanded bond buyback scale.

Crypto prime brokerage FalconX deposited 198,750 HYPE worth $14 million to Gate, according to Onchain Lens. Exchange deposits are typically interpreted as a sign of selling intent. Multicoin Capital had previously also deposited HYPE to an exchange. Onchain Lens said several buyers that had accumulated HYPE through over-the-counter trades over the past few months now appear to be selling.

U.S. President Donald Trump announced on Aug. 20 a set of economic sanctions on Iran that he described as the strongest ever imposed. Trump said Iran had been given more chances than anyone to reach a deal but failed to take them, and added that the new measures would amount to an unprecedented economic war and isolation campaign against the country. He also claimed Iran’s navy had disappeared, its air force had been destroyed, its military production facilities had been reduced to ruins, its currency had lost value, and the country as a whole was in a precarious स्थिति. Trump added that any country providing support to Iran in any form through its financial institutions, companies, airports, or government agencies would face a steep economic cost. He also called for the immediate blocking of all circumvention routes, including oil smuggling, currency swaps, cash transfers, exchange houses, ship registrations, and paper companies. Framing the move as an economic version of D-Day, Trump urged all allies to join the U.S. in isolating and repelling the Iranian threat, adding that Iran would never be allowed to possess nuclear weapons.

Coinbase CEO Brian Armstrong said on X, "오는 9월 15일 클래리티법(CLARITY)에 초당적 투표가 나오고, 업토버(10월 상승장)과 다음 상승장이 올 것." Bitcoin rebounded around 7% early on Aug. 19, and the market is pointing to the U.S. SEC’s proposed rules on crypto assets, increased liquidity tied to expanded U.S. Treasury bond purchases, and comments from U.S. President Donald Trump about possibly buying multiple cryptocurrencies as factors behind the move.

Grayscale, a crypto investment firm and issuer of a spot BTC ETF, said the U.S. SEC’s proposed crypto asset rules could support activity on major networks including ETH, SOL, and BNB. In a blog post on Aug. 19, Grayscale said the proposal would allow crypto projects to raise token-based funding in the United States, which in turn could spur activity across major networks. Grayscale added that a similar phase emerged during the earlier ICO and IDO boom. The U.S. SEC formally proposed the crypto asset framework on Aug. 18, exempting crypto investment contracts from securities-law registration requirements.

Bitcoin could become a neutral global reserve asset that helps address concerns over the dollar losing its reserve-currency status and the current system’s reliance on U.S. sovereign debt, Forbes said. Forbes said the dollar benefits from its reserve-currency role by making funding easier, but faces the Triffin Dilemma, making it difficult to meet both U.S. economic conditions and global reserve demand at the same time. It said the system draws global capital into the United States and lets U.S. consumers buy imports more cheaply, while weakening domestic manufacturing competitiveness and deepening trade deficits. Forbes added the current framework has been barely sustained through U.S. Treasuries since the end of the gold standard, but its core contradiction remains unresolved. It also said stablecoins cannot fully solve the reserve-asset issue because they still rely on U.S. government debt. Gold is neutral, Forbes said, but has limits in transport, verification and settlement efficiency. By contrast, BTC has a fixed supply, does not require any state to guarantee its credit, and is easy to verify, settle and transport globally, which could make it a new neutral reserve asset. Forbes added the dollar could continue serving as the reserve currency for transactions and commerce, while BTC gradually takes on more of the reserve-asset role and reduces reliance on any single country’s debt. It said BTC still needs to overcome issues including price volatility and limited institutional adoption.

Japan-based Bitcoin treasury company Remixpoint increased its holdings by 9.96 BTC and now holds a total of 1,501.27 BTC, ranking 38th among corporate Bitcoin holders, according to Bitcoin Treasuries.

A wallet believed to be linked to crypto investment firm Multicoin Capital deposited 62,700 HYPE worth $4.37 million into Coinbase Prime, according to Onchain Lens. Exchange deposits are typically interpreted as intended for sale. The same entity had also deposited 172,710 HYPE into Coinbase yesterday.

Crypto-linked stocks in the U.S. closed higher as Bitcoin and other cryptocurrency prices advanced. Strategy (MSTR) rose 11.95% to close at $103.58, while Coinbase (COIN) gained 9.05% to $159.47. Circle (CRCL) and Bitmine (BMNR) also closed up 9.44% and 9.68% at $78.50 and $20.05, respectively. The rally came after reports of expanded U.S. Treasury bond purchases and remarks by U.S. President Donald Trump about possible cryptocurrency purchases, alongside large-scale forced liquidations of short positions.

Major exchanges have seen $291 million worth of futures liquidated in the past hour. In the past 24 hours, $2,897 million worth of futures have been liquidated.

Nearly $3 billion in futures positions was liquidated over the past 24 hours, with shorts accounting for most of the total. According to CoinGlass data, $2.9 billion in futures positions was liquidated during the period, including about $240 million in longs and $2.66 billion in shorts. Major cryptocurrencies were all trading higher, with BTC up about 7.5%, ETH up about 18.4%, SOL up about 11.8%, and HYPE up about 21%, amid reports that the U.S. Treasury could expand Treasury bond purchases and comments from U.S. President Donald Trump about a possible cryptocurrency purchase.

ETH has fallen by 3.26% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,246.86.

Major exchanges have seen $671 million worth of futures liquidated in the past hour. In the past 24 hours, $2,669 million worth of futures have been liquidated.

SOL has risen by 3.60% in the past five minutes on the COINNESS market. Currently, SOL is trading at $87.1.

ETH has risen by 4.61% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,322.68.

ETH has risen by 2.36% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,265.8.

Whale Alert reported that 200,000,000 USDT has been transferred from an unknown wallet to Binance. The transaction is valued at about $200 million.

Major exchanges have seen $379 million worth of futures liquidated in the past hour. In the past 24 hours, $2,365 million worth of futures have been liquidated.

ETH has risen by 2.47% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,176.7.

According to CoinNess market monitoring, BTC has risen above $69,000. BTC is trading at $69,173.31 on the Binance USDT market.

U.S. Commodity Futures Trading Commission Chairman Mike Selig said the Clarity Act is moving toward the finish line and the CFTC is ready to implement it once the bill is signed, according to Watcher.Guru’s X account.

Blockchain transaction volume could increase by 10 times to 100 times over the next few years, Bitwise CIO Matt Hougan said, according to Crypto Briefing. Hougan attributed the outlook to factors including real-world asset tokenization and the rise of AI agents. Hougan said everything from U.S. Treasuries to stocks is being converted into on-chain products. He added AI agents can now execute trades, manage capital, and make financial decisions, and said those trends together suggest investors are seriously underestimating future activity, market potential, and sustainability for crypto-based platforms. Current crypto valuations, Hougan said, do not properly reflect the coming surge in transaction volume.

U.S. SEC Chairman Paul Atkins attended a White House-hosted technology industry event and said the biggest advances in technological innovation should be realized in the United States, according to Watcher.Guru’s X account.

The three major U.S. stock indices closed higher today. - S&P 500: +0.22% - Nasdaq: +0.16% - Dow Jones: +0.22%

A wallet linked to Hong Kong-based crypto financial services provider Amber Group withdrew 200,000 HYPE from Hyperliquid five minutes ago, worth about $13.83 million, according to Onchain Lens. Earlier, U.S. President Donald Trump said the Commodity Futures Trading Commission was pushing to bring perpetual futures, particularly Hyperliquid, into the U.S. market.