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According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,063.99 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $78,000. BTC is trading at $77,986 on the Binance USDT market.

Gracy Chen, CEO of crypto exchange Bitget, said in an interview with Cointelegraph that Bitcoin’s recent gains are not sustainable and that Chen plans to buy more if BTC falls to around $50,000 in the second half of this year or early next year. Chen added that BTC’s recovery of the $79,000 level does not necessarily mean the bear market is over. Chen also said, "I am just a CEO of an exchange," and "not particularly good at price analysis." Chen said most of the personal portfolio is allocated to Bitcoin and the S&P 500, while altcoins such as Ethereum (ETH) and Solana (SOL) account for under 1%. Chen added a favorable view on Hyperliquid (HYPE), while stressing a dislike of memecoins and arguing that too many investors have lost money and that a memecoin frenzy like the previous one will not return.

The three major U.S. stock indices opened mixed today. - S&P 500: -0.23% - Nasdaq: -0.48% - Dow Jones: +0.13%

South Korea’s Financial Intelligence Unit under the Financial Services Commission has announced revised supervisory rules that limit cryptocurrency transfers to self-hosted wallets registered under a customer’s own name and impose a three-tier risk-based framework for transactions with offshore exchanges, Digital Asset reported. Under the revision, domestic virtual asset service providers must restrict transactions with high risks of money laundering or terrorist financing and, in principle, allow transfers only to customers’ personally owned wallets. The move brings a previously voluntary practice into the regulatory fold. Exceptions are allowed for transfers required by law or carried out under the lawful authority of state agencies. Offshore exchanges will be subject to a three-tier regime based on risk, with transactions involving high-risk exchanges fully restricted. The rule took effect on Aug. 20, while the self-hosted wallet and offshore exchange measures are expected to be fully implemented around February next year.

Ethereum rose 30% last week, and larger gains could follow in the coming weeks, according to Tom Lee, chairman of ETH accumulation company Bitmine (Nasdaq: BMNR). Bitmine said the 30% gain last week was Ethereum’s biggest weekly advance since May last year, with the prior comparable case occurring in July 2021. In both earlier examples, weekly gains of more than 30% signaled a setup for a larger rally, Bitmine said. After rising 30% in July 2021, ETH went on to climb 167%, and in 2025 it rose another 170%, according to the company. Bitmine added it expects easier financial conditions to provide a tailwind for cryptocurrencies.

According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,035.37 on the Binance USDT market.

U.S. President Donald Trump said Iran is in full collapse.

Bitmine (BMNR) announced it bought an additional 32,447 ETH worth $80.89 million last week, bringing its total holdings to 5,847,611 ETH, or 4.8% of total ETH supply. Of that amount, 5,067,309 ETH, or 87%, is staked. Bitmine has been buying ETH since June last year. The company currently holds $14.9 billion in cash-equivalent assets, including 210 BTC and more than $300 million in cash and securities.

Strategy, the largest corporate holder of Bitcoin, disclosed in an 8-K filing with the U.S. SEC on Aug. 24 a new $1.59 billion account that can be used for Bitcoin purchases. The company said the newly deposited "USD Cash" is part of a new component within its digital credit capital framework. According to the filing, the funds may be used for Bitcoin purchases, preferred stock dividends and bond interest payments, buybacks of MSTR common stock or preferred shares, repayments or repurchases of convertible notes, an increase in U.S. dollar reserves, and maintaining its status as a Bitcoin treasury company. Strategy described the funds as "a U.S. dollar liquidity pool the company may hold for general bitcoin treasury company purposes." Combined with its existing dollar reserves, the company has secured about $6.69 billion in liquidity, according to the report.

An anonymous whale address starting with 0xA314 deposited 8 million USDC into Hyperliquid (HYPE) 30 minutes ago and opened $71.8 million worth of long positions in BTC and ETH, EmberCN reported. Both positions use 20x cross leverage. The BTC position is worth $46.94 million with an average entry price of $78,032, while the ETH position is worth $24.89 million with an average entry price of $2,479.

Bitcoin treasury company Strive (ASST) announced it bought an additional 1,110 BTC last week, bringing its total holdings to 21,356 BTC. Strive also holds 505,000 shares of Strategy (MSTR) preferred stock STRC, valued at $48.57 million, along with $171.9 million in cash.

Strategy did not buy Bitcoin last week. Instead, it increased its cash holdings by $1.9 billion, bringing total cash reserves to $6.68 billion. The company also repurchased $136 million of its preferred stock, STRC, during the week. Strategy currently holds 840,447 BTC, with an average purchase price of $75,385.

U.S. Treasury Secretary Scott Bessent said the Treasury could use about $1 trillion from the Treasury General Account, or TGA, to finance bond purchases, CNBC reported, citing sources. The TGA is the Treasury’s cash account at the Federal Reserve, and if the Treasury reduces the balance to buy government bonds, the funds would be paid to institutions such as banks and funds, increasing cash liquidity across markets. For cryptocurrencies, which are considered liquidity-sensitive risk assets, a decline in the TGA balance could be seen as a favorable backdrop. Separately, the U.S. Treasury recently announced it would at least double its bond-buying pace to as much as $4 billion starting in September, after which BTC has shown a sharp upward trend.

Nasdaq-listed Digital Currency X Technology (DCX) plans to seek shareholder approval for a 160-for-one reverse stock split at a shareholders’ meeting on Sept. 3, CryptoSlate reported. The company, which shifted its business from electric vehicles to cryptocurrency, plans to reduce its authorized share count to 18.75 million and then raise it back to three billion shares. A reverse stock split was also carried out in January, when the company cited efforts to avoid a Nasdaq delisting. No reason was specified for the latest proposed reverse stock split. The stock closed at $1.03 yesterday. Digital Currency X holds 157.45 million EDGEAI, valued at $402 million.

$215 billion flowed into the altcoin market from Aug. 19 to 22, pushing total altcoin market capitalization above $1 trillion, according to on-chain analyst Darkfost. Darkfost said 56% of altcoins listed on Binance, the world’s largest cryptocurrency exchange, are trading above their 200-day moving averages, which signals the market may be entering a new phase. The reversal came after a series of comments by U.S. President Donald Trump on Aug. 19, when Trump said the United States is considering large-scale BTC purchases at the national level and urged Congress to pass the CLARITY crypto regulatory bill. Darkfost added that the market has entered overbought territory, so a short-term pullback remains possible, but said there is no need to rush and more investment opportunities could emerge if the current momentum stays strong.

The European Securities and Markets Authority updated its European Union Markets in Crypto-Assets registry after nine days, bringing the total number of licensed crypto-asset service providers to 331, Cointelegraph reported. Germany added six cooperative banks, lifting its total to 79 MiCA-licensed firms, the highest in the EU. France ranked next with 35, followed by the Netherlands with 29.

Three crypto market-making firms including Abraxas Capital, Pasaana Capital and Wintermute have built $603 million in Bitcoin and ETH short positions on Hyperliquid and are sitting on about $75 million in unrealized losses, according to Crypto Briefing. Despite a sharp rise in BTC and ETH and a wave of forced liquidations in short positions, the firms increased the size of those positions, the outlet reported. Crypto Briefing said the trades appear to be aimed at hedging spot holdings or reflect a view that the current rally has become excessive amid macro liquidity conditions. As the positions use leverage, the actual capital committed may be smaller than the total exposure. The outlet added that because the positions are visible on-chain, they could become targets for buying pressure aimed at triggering liquidations.

India is preparing to issue its first tokenized corporate bonds next month as part of a test of blockchain-based bond trading, Reuters reported, citing three sources familiar with the matter. The sources said the first bonds are expected to be issued by REC, a state-owned power financing company, and India’s central bank digital currency is likely to be used as the settlement instrument. During the pilot phase, the product will be offered only to a limited group of investors, while details on the issuing entity, schedule and framework have not been disclosed.

More than $40 million worth of cryptocurrency was stolen in three security breaches last week, on-chain analyst Specter said on X. Specter said substantial capital flowed into the market over the period, while hackers also stole large sums, mainly through social engineering and phishing links. Specter added that crypto is not an industry where investors can buy assets and go to sleep, stressing that security is part of investing and users need to stay familiar with the latest hacking techniques, vulnerabilities and phishing methods. Major drain incidents last week included the theft of $25.6 million from a whale address on OpenSea beginning with 0x8fEB0, known as TLBL.

The Cardano community has begun detailed discussions on adopting quantum-resistant wallets, CoinGape reported. Cardano ecosystem contributor Robert Phair recently shared a snapshot from a community governance proposal, or CIP, showing the issue under discussion. Two proposals now appear to be under review, both including wallet upgrade measures aimed at countering quantum computing attacks. According to CoinMarketCap, ADA was trading at $0.2192, down 1.28%, at the time of writing.

Strategy founder Michael Saylor said thinking like a billionaire makes it clear Bitcoin is the right answer as an investment. In a post uploaded to X, Saylor said Bitcoin has passed the "Bernard Arnault test," which he described as first asking, when deciding what to invest in, whether someone wealthier and more cultured would still want to buy that asset from him 10 years later. By that measure, Saylor said, Bitcoin is an asset the wealthy will still want to buy a decade from now.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,009.99 on the Binance USDT market.

Investor sentiment in the altcoin market has turned optimistic, according to Glassnode. Around 85% of all altcoin futures pairs are posting funding rates above their baseline levels, which Glassnode said marks the highest reading since Bitcoin traded at an all-time high. If the market has entered an altseason, the trend could persist for several weeks, although excessively high funding rates could also increase the risk of a correction by signaling crowded long positioning.

Bitcoin rose more than 20% last week for its biggest weekly gain since March 2024, as changing liquidity conditions in the U.S. Treasury market prompted a market reassessment, according to crypto trading firm QCP Capital. QCP Capital said large-scale short covering drove the market early in the rally, while buying later spread through spot demand. U.S. spot Bitcoin ETFs saw about $2.6 billion in net inflows, which QCP Capital described as the biggest weekly inflow since October last year. The firm added that the U.S. Treasury's announcement doubling the size of its long-term Treasury buybacks was effective, after which long-term Treasury yields fell and the dollar weakened while BTC and gold rose. QCP Capital said the buybacks were a debt-management measure rather than quantitative easing, or QE, and added that macroeconomic uncertainty remains in place.