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The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $130.72 million liquidated (71.77% shorts) - ETH: $127.17 million liquidated (61.68% shorts) - SOL: $37.85 million liquidated (79.98% shorts)

The U.S. SEC’s recent proposal to create a securities registration exemption for crypto offerings could significantly improve fundraising conditions in the market, but Bloomberg said the move may amount to a belated fix. Bloomberg said the SEC is trying to revive the once-booming initial coin offering market, but added it may be looking for buyers for a product investors abandoned long ago. Under the proposal, crypto startups could raise as much as $5 million without SEC registration and up to $75 million annually depending on size, according to the report. Bloomberg added the more urgent priority is passage of the CLARITY Act, with fundraising issues coming afterward. Carlos Guzman, a research analyst at crypto trading and investment firm GSR, said ICO activity has continued to decline after peaking in 2018. Guzman added ICOs in 2026 are different from those in 2018, and the era of raising money with only a white paper and ambition is over.

Ethena’s proposal to introduce a revenue-based buyback mechanism has so far received 100% support after the project unveiled four major ecosystem overhaul measures, including buying locked tokens held by early investors, unifying its token and equity structure, and canceling monthly VC unlocks. Voting ends on Sept. 2. If approved, 95% of net revenue from each Ethena business unit will be used to buy ENA tokens once the first target is met, with USDe supply rising from the current $4.06 billion to $7.5 billion.

An address believed to be tied to a16z bought 441,000 HYPE worth $36 million over the past two days and staked the tokens, according to EmberCN. The average purchase price for the latest buys was $81.6. EmberCN added the address was still buying more and had just purchased $12 million worth of HYPE. The address is now staking a total of 4.826 million HYPE, with an average purchase price of $66.1 and unrealized profit of $84.9 million.

According to CoinNess market monitoring, BTC has fallen below $80,000. BTC is trading at $79,973.92 on the Binance USDT market.

Ethereum is moving ahead with account abstraction as a core feature of the Hegotá upgrade, with core developer nixo.eth saying account abstraction proposal EIP-8141 has been moved from the review stage to the planned stage, although the specific implementation method has not yet been finalized. Nixo.eth added EIP-8130, another account abstraction proposal, is scheduled to be applied to Base in September, and discussions are continuing over the need to avoid splitting account abstraction standards between layer 1 and layer 2. According to nixo.eth, the authors of the two proposals and core developers are working on a unified solution without delaying the upgrade. Account abstraction, or AA, is a technology that makes complex blockchain account structures operate more flexibly, similar to smart contracts.

Crypto investors are losing interest in venture capital-backed projects, according to Delphi Digital head of research Ceteris Paribus. In a post on X, Ceteris Paribus said most of the necessary infrastructure and blockchains have already been built, and capital is now concentrating on applications that can grow with relatively modest funding. As a result, the need for large crypto VCs is also declining, Ceteris Paribus said. Tokens promoted with high fully diluted valuations, or FDVs, are being shunned by the market, while investor skepticism is growing toward protocols that fail to generate profits. By contrast, protocols that consistently produce revenue are beginning to draw attention.

South Korean exchange Bithumb announced the addition of EURC and FOLD.

Stablecoin holdings on exchanges fell to $64 billion from about $80 billion at the end of 2025, indicating a 20% drop in liquidity that could flow into the market, AMBCrypto reported. That suggests there is less capital waiting on the sidelines to buy. At the same time, Binance’s share of total exchange stablecoin balances rose to 68.5% from about 60%. The analysis said overall liquidity has declined, but a larger share has become concentrated on Binance, making Binance stablecoin inflows and outflows a key indicator for tracking when exchange buying power may enter the market.

Evernorth Holdings, an XRP treasury firm, has seen its S-4 registration statement filed with the U.S. SEC for a merger with special purpose acquisition company Armada Acquisition Corp. II become effective, The Block reported. The development clears the way for the next stage of the merger process and Evernorth’s Nasdaq listing. Once the merger is completed, Evernorth is expected to trade on Nasdaq under the ticker XRPN.

Upbit announced the addition of EURC to KRW, BTC and USDT trading pairs at 5:00 a.m. UTC today.

Garrett Jin, founder of the fraudulent crypto exchange BitForex, said BTC is likely to remain rangebound for now as it works through selling pressure in the $80,000-$82,500 zone. In a blog post, Jin said BTC moving within a $72,500-$84,000 range for several weeks while leverage and volatility ease would be a healthy pattern. A stable daily close above $82,500 would signal that the overhead supply has been absorbed, Jin said. Jin added that U.S. spot BTC ETFs saw about $2.8 billion in net inflows over eight straight trading days through Aug. 26, bringing total August inflows to about $3.3 billion, the largest monthly total this year. Although sell orders remain near the top of the range, spot buying is absorbing them, according to Jin. Jin said caution would be warranted if BTC posts a daily close below $76,600, near the average cost basis of short-term holders, and at least two of the following also deteriorate: ETF flows, the Coinbase premium, and seven-day average net realized profit and loss.

A CoinNess analysis found a pattern associated with the end of a Bitcoin down cycle in an indicator that tracks the share of BTC in profit and at a loss based on on-chain acquisition prices. Crypto analyst Crypto Dan said the later stage of a down cycle tends to show the shares of profit-taking and loss-making holdings crossing over as the gap between the two narrows. When the market then shifts into an up cycle, the share of profitable holdings rises while the share of loss-making holdings falls, causing the two indicators to diverge again on the chart, Crypto Dan said. According to the analyst, that pattern is now appearing, and if the trend continues and confirms a shift into an up cycle, it would mark a repeat of the four-year cycle. Crypto Dan added, "the signal flare for a crypto bull market has been fired."

Traditional finance figures have repeatedly declared crypto dead whenever the market fell over the past year, but the industry still exists, continues to thrive and shows no sign of disappearing, Novadius Wealth Management CEO Nate Geraci said on X. Geraci added that few asset classes have been written off as many times as crypto, yet it has continued to recover, development has continued regardless of price moves, and crypto skeptics should take that as an important lesson. Geraci said many of those skeptics, in his view, have made no effort at all to understand the sector.

According to CoinNess market monitoring, BTC has risen above $81,000. BTC is trading at $81,035.97 on the Binance USDT market.

U.S. banking regulators are moving to curb a practice that had restricted banking access for lawful businesses, including crypto companies, based solely on vague reputational risk as bank supervisory standards tightened. Eleanor Terrett, host of Crypto In America, said the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are advancing procedures to finalize rules defining the term "unsafe or unsound practices" in bank supervision. The term had operated for years without a clear definition and had served as a provision used to pressure crypto firms. Under the new rules, supervisory and enforcement actions would be limited to cases involving actual legal violations or material financial harm to a bank's capital, liquidity, asset quality, or similar conditions. That would make it harder to pressure banks into cutting off lawful clients, including crypto companies, without clear evidence of financial risk and based only on ambiguous reputational concerns. The move is being viewed as another major step toward reversing what has been called Operation Choke Point 2.0, a campaign to pressure the crypto industry by limiting access to banking services.

Japan’s financial group SBI Holdings will invest $270 million to acquire a 20% stake in Indonesian online securities and crypto platform Ajaib, Crypto Briefing reported. The deal values Ajaib at about $1.35 billion. Ajaib supports trading in stocks, funds, bonds and cryptocurrencies, and has more than 3 million users.

An anonymous new wallet beginning with 0x72e0 withdrew 440,000 HYPE worth $37.25 million from FalconX 30 minutes ago, according to Lookonchain. Exchange outflows are typically interpreted as moves into holding wallets.

An anonymous newly created address starting with 0xb1b01 bought 10,170 ETH worth $25.48 million from Fidelity, according to Lookonchain.

CoinMarketCap’s Altcoin Season Index came in at 35, down five points from yesterday. The index compares the price performance of Bitcoin with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A reading is considered altcoin season when 75% of those top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered Bitcoin season. The closer the index is to 100, the stronger the altcoin season signal.

About $100 million flowed into Bitwise’s U.S. ETP lineup on Aug. 27, with investors increasing crypto exposure, Bitwise CEO Hunter Horsley said. By asset, SOL led with about $40 million in inflows, followed by BTC at about $22 million, HYPE at about $20 million, XRP at about $12 million and ETH at about $1.4 million. Bitwise President Teddy Fusaro added that trading volume in the firm’s Solana staking ETF, BSOL, topped $126 million the same day, surpassing the record set on Aug. 25 and marking the highest single-day trading volume among Solana ETFs.

Ansem, a trader known for meme coins and the inspiration behind the Solana-based meme coin ANSEM, said on X that many 2017 altcoins were effectively meme coins with white papers, with founders constantly lying. Ansem added that being bullish on 2017 altcoins while turning bearish on meme coins in 2026 is contradictory, arguing they are essentially the same assets. Ansem said meme coins at least openly admit they aim to attract attention and push prices higher rather than pretend otherwise, and added that Ansem is personally more bullish on them than ever.

Bitcoin posted its biggest weekly gain ever in U.S. dollar terms last week, rising $14,775, or 23.5%, from $62,818 to $77,593 between Aug. 17 and 23, according to Galaxy Research. By percentage gain, the move ranked 41st. Galaxy Research cited the U.S. Treasury's expanded buybacks of long-term bonds and President Donald Trump's support for the CLARITY Act as factors behind the rally.

BitMEX co-founder Arthur Hayes said Strategy’s business model may no longer work as effectively as it once did as Bitcoin’s rally slows, according to Wu Blockchain. Hayes said Michael Saylor faces difficult choices including issuing additional shares, selling BTC, or halting dividend payments. He argued MSTR has lost influence and no longer has a basis to trade at a premium. For investors seeking Bitcoin exposure through the stock market, Hayes said directly buying an ETF such as IBIT is a more rational choice than investing in MSTR, which he said depends heavily on one individual’s absolute control. Hayes added that once the premium disappears, Strategy’s existing strategy will no longer work.

ETH has outpaced BTC in U.S. spot ETF inflows relative to market capitalization, according to Real Vision crypto market analyst Jamie Coutts. In a post on X, Coutts said a comparison based only on dollar-denominated net ETF inflows can make BTC appear stronger because of its larger market cap. Measured instead by dividing daily net ETF inflows by each day’s market capitalization, ETH’s inflow intensity over the past month was 0.55%, about 2.4 times BTC’s 0.23%, Coutts said. Over the past three months, ETH stood at 0.41% while BTC was -0.12%, and over six months the figures were 0.38% and -0.015%, respectively. Coutts argued institutions and investment advisers are increasing ETH allocations not merely on expectations of price gains, but on the tokenization theme.