News linked to both this project and an event.
Odaily News, Coinbase CEO Brian Armstrong said in an interview with CNBC that the crypto market may be on the verge of the next bull run. Armstrong stated: "I think we're probably on the cusp of the next bull market." He noted that the market will soon focus on the progress of the US CLARITY Act vote on September 15, as well as the seasonal effects brought by the Bitcoin halving cycle.He said that, based on historical patterns, in the cycles following Bitcoin halving events, October, November, and December are typically the months when Bitcoin performs best, and the market may usher in a new upward phase.Armstrong has repeatedly emphasized that improved regulatory conditions, institutional capital inflows, and the maturation of crypto infrastructure will be key factors driving the industry's long-term development. His recent remarks also reflect Coinbase's optimistic outlook on the shift in the coming market cycle. (BitcoinMagazine)
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
Odaily News - Digital asset tokenization platform Securitize, in partnership with asset management firm Neuberger, has launched the Neuberger Securitize High Income Tokenized Fund (HINC). The fund primarily invests in high-yield bonds and may also allocate to collateralized loan obligations (CLOs) and leveraged loans.HINC will be issued on four public chains—Avalanche, Ethereum, Solana, and Sui—and is available exclusively to eligible qualified investors and qualified purchasers. Investors must undergo customer identification and anti-money laundering screening, and comply with jurisdictional restrictions and securities rules.Neuberger will handle portfolio management and research, Securitize Capital will serve as investment advisor, Securitize Markets will provide fund shares, and other affiliates will manage tokenization, administration, and operational services. Neuberger's fixed income platform manages over $230 billion in assets.Securitize disclosed that its tokenized asset management scale has reached $3.4 billion, with first-quarter revenue of $19.5 million, up nearly 40% year-over-year. The company began trading on July 2, becoming the first firm to list shares on both the New York Stock Exchange and on-chain simultaneously. (Bitcoin.com News)
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
According to CoinDesk, Bitcoin climbed to around $72,300 during the early Thursday European session, driven by U.S. President Trump's renewed call for Congress to pass the "Clarity Act," a crypto market structure bill, amid growing institutional interest. Erald Ghoos, CEO of OKX Europe, stated that regulatory clarity in the United States could boost confidence in the crypto market within the world's largest economy and channel capital back from the AI and semiconductor sectors into digital assets.
Odaily News: At the SALT conference held in Jackson Hole, Wyoming, USA, Binance founder CZ stated that Bitcoin's "supercycle" has yet to materialize. The market continues to follow a relatively strict four-year cycle pattern and is currently in a bear market phase. As total market capitalization expands, price volatility is expected to narrow. However, CZ noted that the current industry environment is the most favorable in his 12 years of experience, with the U.S. regulatory framework serving as a model globally. Securities laws and exchange regulatory structures in many countries are referencing the U.S. approach. Hong Kong is also accelerating its legislative efforts to align with U.S. regulatory thinking.Regarding the allocation of investment firm YZi Labs, CZ disclosed that approximately 70% of funds are directed toward core tracks in crypto and blockchain, about 20% toward AI, and the remainder toward biotech and other sectors. The firm uses its own capital and is not constrained by external LP return cycles, placing greater emphasis on the positive impact of projects and the execution capabilities of founding teams rather than purely financial returns.
US President Trump stated that this May, CFTC Chairman Selig approved the launch of the first ever true Bitcoin perpetual futures contract on CFTC-registered exchanges, and revealed that relevant personnel are working to bring the decentralized derivatives trading platform Hyperliquid into the US market in a fully compliant and legal manner. Trump also criticized the Biden administration for suppressing cryptocurrency and the spirit of emerging financial technology innovation during their tenure, emphasizing that the current situation has completely changed.
According to Cointelegraph, Standard Chartered Bank analyst Geoff Kendrick pointed out in the latest client report that the U.S. Treasury announced the scale of 10- to 30-year Treasury bond buybacks will be at least doubled from $2 billion per operation to $4 billion, with an execution period from September 9 to November 4. This policy drove long-term U.S. Treasury yields down significantly, effectively alleviating selling pressure in the bond market. Kendrick stated that such government liquidity interventions have historically been bullish for Bitcoin, and coupled with its fixed supply attribute, BTC is expected to hit $100,000 before the end of the year. Technically, he views $65,500 as a key support level; once effectively broken above, it can confirm that the bottom of this cycle has appeared.
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Odaily News Cryptocurrency asset management firm VanEck's latest report shows that Bitcoin is currently emitting "capitulation signals" similar to those seen in late-stage historical bear markets, but the data suggests the market bottom has not yet been fully confirmed.VanEck stated that of the 12 Bitcoin market capitulation indicators currently tracked, 8 have entered extreme territory, and all 12 indicators have reached trigger levels at some point over the past three months. These indicators primarily measure market stress factors such as Bitcoin price drawdowns, miner profitability, and the proportion of holders in loss.However, historical performance does not indicate that these signals mean a short-term bottom has already formed. VanEck data shows that when 8 to 12 indicators have historically triggered simultaneously, Bitcoin's average return over the next 90 days is approximately 12.8%, and the average return over 180 days is approximately 32% — both below Bitcoin's long-term averages (15.2% over 90 days and 36.3% over 180 days). These signals only show a relative advantage over a one-year cycle.Bitcoin is currently down approximately 49% from its all-time high in October 2025, with prices recently consolidating in the $62,300 to $66,500 range. The 30-day realized volatility has dropped to 27.2%, well below the long-term average of approximately 80%. Miner stress remains a significant risk factor for the current market, with Bitcoin's daily network revenue down approximately 46% year-over-year and mining difficulty down 18.3% from its November 2025 peak — one of the largest declines since China's mining ban in 2021, with some inefficient mining rigs having exited the market.VanEck believes that current capitulation indicators are better suited as a tool for assessing market cycle positioning rather than as short-term bottom-fishing signals. Investors positioning based on these indicators should focus on cycles longer than one year, rather than expecting a strong rebound to materialize within the next few months. (CoinDesk)
According to Odaily, renowned crypto KOL Ansem stated that institutional funds are turning bullish on the market. For example, billionaire Stanley Druckenmiller has bought HYPE, Robinhood has launched its own L2, and hedge fund giant Paul Tudor Jones has increased his Bitcoin holdings. Meanwhile, the crypto regulatory environment has improved significantly, but crypto-native investors remain broadly extremely pessimistic. Ansem believes that the coexistence of institutional bullishness, regulatory improvement, and extreme pessimism within the market constitutes the typical conditions for a market bottom formation.
Odaily News: Blockchain data analytics platform Nansen released its "Starknet H1 2026 Report," stating that in the first half of 2026, Starknet completed its strategic transformation from a high-performance Layer 2 network to a "privacy-preserving execution layer." The launch of the STRK20 privacy framework and the Bitcoin asset strkBTC became the ecosystem's most significant upgrades.The report notes that as an Ethereum-based ZK-Rollup network, Starknet generates STARK proofs off-chain and verifies them on-chain, achieving high throughput and low transaction costs. Its smart contracts use the Cairo language, specifically designed for verifiable computation, and support native account abstraction functionality.In the first half of this year, Starknet launched the v0.14.2 upgrade, introducing the SNIP-36 protocol to lay the technical foundation for private transactions. This upgrade allows the network to directly verify off-chain execution proofs, enabling confidential state transitions without exposing account balances or counterparty information. Additionally, SNIP-37 adjusted the network's economic model, increasing storage costs while lowering base gas fees to optimize incentives for long-term state growth.In terms of privacy applications, Starknet launched the STRK20 privacy framework, which allows users to convert any ERC-20 asset into encrypted balances and conduct private transfers, trades, and DeFi interactions. The system is built on zero-knowledge proof technology and implements compliant auditing through an encrypted viewing key mechanism, protecting user privacy while supporting targeted information disclosure in regulatory scenarios.On-chain data shows that in Q2 2026, Starknet recorded an average daily transaction volume of approximately 239,000 and an average of about 50,000 daily active addresses. During the period, a total of 22.5 million transactions were completed, involving approximately 71,000 users. Among these, DEX aggregator AVNU contributed roughly 14 million transactions, accounting for 62.2% of total volume; gaming infrastructure Cartridge contributed 6.57 million transactions, with the two combined accounting for approximately 91% of transaction activity.
Odaily News: Cryptocurrency platform Bitcoin.com has announced the integration of USDU into its self-custody Bitcoin.com Wallet, serving millions of wallet users. USDU, issued by Universal Digital Intl Limited (Universal), is the first USD stablecoin registered as a foreign payment token by the Central Bank of the UAE (CBUAE). USDU is an Ethereum ERC-20 token, with each token backed 1:1 by liquid USD reserves held by regulated banks in the UAE. The reserves are independently attested monthly by a third-party accounting firm, with reports published on Universal's official website. Bitcoin.com Wallet's web and mobile versions will support self-custody holding, sending, and receiving of USDU. Bitcoin.com will accept USDU as payment for designated services and plans to enable its use for payments between users and merchants within its products. The wallet will also offer stablecoin education and Learn-to-Earn content. Exchange and buy/sell functionalities will be launched after support from third-party service providers, with availability varying by jurisdiction. (Bitcoin.com News)
Odaily News: U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins introduced the "Regulation Crypto Assets" proposal on August 18, covering issuance pathways, disclosure obligations, and safe harbor conditions. Atkins stated that tailored exemptions could attract crypto issuers and investment back to the United States while preserving core investor protections, and expressed support for Congress's push for the CLARITY Act. SEC Commissioner Hester Peirce noted that the proposal was developed through public comment and staff engagement, with feedback from both industry supporters and critics shaping the framework's design. SEC Commissioner Mark Uyeda pointed out that fixed thresholds and disclosure obligations could enhance issuers' compliance expectations; the proposal has not yet taken effect. (Bitcoin.com News)
Odaily News: Since the launch of Sui's Hashi Bitcoin lending protocol testnet on July 22, it has processed over 1.1 million Bitcoin deposits and 165,000 withdrawals within three weeks. As of last week, more than 25 institutions had participated in the system's stress testing. Participating institutions include digital asset custodian BitGo, trading firm Cumberland, as well as Swissborg, Fluid, and Ledger, covering areas such as trading, custody infrastructure, and wealth management platforms. Hashi allows users to deposit native Bitcoin, which is confirmed by Sui validators before minting hBTC for on-chain lending and stablecoin borrowing. Deposits utilize a 2-of-2 multi-signature mechanism with MPC validator signatures, while withdrawals require review by the Guardian Layer; the project team will proceed with the 2026 mainnet launch only after this security layer completes its security audit. (Bitcoin.com News)
According to Bitcoin.com, the EU adopted the 21st package of sanctions against Russia on July 23, further tightening controls in the cryptocurrency sector. The new regulations impose trading bans on 14 crypto service platforms in Georgia, Panama, the UAE, Belarus, and other locations, and starting from August 25, prohibit Russian and Belarusian citizens from holding any position or ownership in crypto service providers under the EU's MiCA framework. Additionally, new provisions authorize the EU to impose comprehensive trading bans on third countries that "systemically and persistently fail to prevent" sanctioned crypto activities, granting extraterritorial effect to the relevant regulations.
Odaily News: The Russian Central Bank has released a draft regulation stipulating that professional market participants, including brokers, trust management firms, forex dealers, and cryptocurrency exchanges, must include crypto assets in their equity calculations. Crypto assets approved for trading on exchanges may account for no more than 25% of total equity value. The draft requires that relevant crypto assets be registered with a crypto-asset custodian so that regulators can verify their existence. The Russian Central Bank stated that this ratio will be used to assess credit risk and market risk, ensuring that intermediaries have the capacity to cover potential losses. The Russian State Duma has approved a cryptocurrency regulatory framework that allows both qualified and unqualified investors to trade cryptocurrencies, though the latter are subject to an annual purchase limit of 300,000 rubles (approximately $3,800). Cryptocurrencies still cannot be used as a domestic payment instrument, but import and export enterprises are permitted to use them for cross-border settlements without restrictions. (Bitcoin.com News)
Glassnode pointed out in its latest market report that although Bitcoin has rebounded slightly after retreating from the $65,000 zone last week, it remains clearly range-bound overall. Spot trading volume and on-chain transaction throughput continue to shrink, with market liquidity and participation willingness at low levels. The derivatives market also shows caution, with leverage expanding moderately, but aggressive taker activity in perpetual contracts continues to lean toward the sell side, reflecting more aggressive distribution behavior. Funding rates remain positive, indicating lingering long-side inclination, while the options market continues to price downside protection at a premium above actual volatility levels.Institutional demand has simultaneously weakened, with declining spot ETF volumes compounded by net outflows. Institutional positions are near their cost basis, limiting unrealized profit potential for regulated investors and causing a temporary pause in accumulation momentum. On-chain profitability is under pressure, with a large portion of supply in loss and realized losses consistently exceeding profit-taking.The report also noted that the broader pace of capital outflows has begun to slow, which could be an early signal that selling pressure is stabilizing. The overall market remains caught between short-term selling pressure and relatively resilient long-term holdings. Weak spot liquidity, deteriorating institutional flows, and elevated loss realization collectively point to a continuation of the consolidation pattern, while the slowing outflow pace suggests the market may be approaching a more balanced state before its next directional move.
Odaily News Bitfinex's latest report indicates that Bitcoin (BTC) has been fluctuating within a narrow range recently, with volatility, trading activity, and market liquidity all compressed to levels similar to those seen at the end of a bear market.Currently, Bitcoin's price remains above the "Median Realised Price" of around $63,200, while the key level for short-term holders (STH) to achieve overall profitability stands at $67,176. Meanwhile, market demand is weakening: U.S. spot Bitcoin ETFs recorded net outflows of approximately $385 million last week, corporate Bitcoin reserve-related activity has turned negative, spot trading volume has fallen to multi-year lows, and Bitcoin transfer speed has dropped to its lowest level in seven years.Bitfinex stated that in the current extremely thin liquidity environment, even slight changes in capital flows could trigger significant Bitcoin price fluctuations. At the same time, weak retail activity, declining real income, and deteriorating consumer confidence indicate that U.S. household demand is under pressure. Bitfinex noted that the current market shows a clear divergence: accommodative financial conditions are driving traditional risk assets higher, but the crypto market has not yet received corresponding capital inflows.Bitfinex believes that the core market question has shifted from "whether monetary policy will improve" to "whether improved liquidity can translate into capital inflows for crypto assets." If Bitcoin spot ETFs resume sustained net inflows in the future, coupled with stablecoin supply expansion, this would signal a restart of the crypto market's liquidity transmission mechanism and could become a key catalyst for BTC breaking out of its prolonged low-volatility state.Before capital returns, although the macro environment is gradually improving, the crypto market's upside still lacks capital support. However, given that market participation has dropped to extremely low levels and BTC continues to hold key realized price support levels, once liquidity re-enters the market, it could trigger violent fluctuations. The current structure leans toward an upward breakout once demand recovers.
According to QCP, the preliminary U.S. University of Michigan Consumer Sentiment Index for August dropped to 51.0, July retail sales fell 0.6% month-on-month, and combined with previously weak employment data, market expectations for the Fed's short-term policy tightening have declined, with federal funds futures showing a probability of about 30% for a 25 basis point rate hike in September.