A recent surge in the prices of HyperliquidX and Ethereum has captured attention in the cryptocurrency markets. HyperliquidX has seen an impressive 27% increase, while Ethereum has risen by 19%. This performance stands out against Bitcoin’s relatively stable price position, suggesting a shift of capital towards higher-risk crypto assets. The rise in these assets’ prices may indicate a broader market interest in diversifying beyond Bitcoin, as participants seek opportunities in other major cryptocurrencies.
Markets are reflecting this momentum, particularly in the Hyperliquid price prediction market. The probability of Hyperliquid reaching $100 by the end of 2026 has seen a substantial increase, now priced at YES, up from 16% just 24 hours ago. This suggests that market participants are increasingly optimistic about Hyperliquid’s potential to reach significant milestones within the year. This optimism appears to be driven by Hyperliquid’s recent performance and broader market trends favoring alternative cryptocurrencies.
The notable price movements in Hyperliquid and Ethereum indicate that participants are responding to the current positive sentiment surrounding these assets. The shift in capital could be indicative of a growing confidence in the potential for higher returns in these markets compared to more established assets like Bitcoin.
Key Takeaways HyperliquidX’s 27% price increase suggests strong market interest and a shift towards higher-risk assets. Ethereum’s 19% rise supports the view of increasing participant interest in alternative cryptocurrencies. Market pricing indicates a significant rise in confidence, with Hyperliquid’s $100 target by year-end now reflecting 42.5% YES. What to Watch Monitor developments related to HyperliquidX, as any major news or partnerships could further influence its price trajectory. Additionally, watch for potential regulatory developments or institutional endorsements, which could impact confidence levels and market dynamics. Changes in sentiment or unexpected market events could alter the current optimistic outlook for Hyperliquid reaching its $100 target by December 31, 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 42.5% — — View market → January 1 2027 3.7% — — View market → January 1 2027 3% — — View market → January 1 2027 73.5% — — View market → January 1 2027 5.5% — — View market → January 1 2027 3.1% — — View market →
Crypto is surging while stocks fall. Bitcoin jumped 10.3% to $72,090, Ethereum soared 17.8% to $2,291, and XRP climbed 20.4% to $1.25. Total crypto market cap rose 13%, adding $291 billion, even as the S&P 500 dropped 1.83%, erasing $1.4 trillion. This unusual split comes after the Treasury announced it would double long-term bond buybacks, briefly crashing yields before they partly rebounded. Falling yields make riskier assets like crypto more attractive, fueling the rally even as traditional markets struggled with the same news.
Story Ends Here
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The crypto market is now on an explosive price run, with Bitcoin, Ethereum, and XRP hitting multi-week highs after several months of disappointing performance.
Notably, the trigger happened yesterday, August 19, as trading activity surged across top exchanges like Binance. In particular, combined spot and perpetual trading volume of BTC, ETH, and XRP reached $46.6 billion, according to CryptoQuant data.
The latest spike marked the highest combined trading volume since June 5, when activity reached roughly $59.4 billion. Yet, the August 19 total remained about 21.5% below that peak as Bitcoin broke higher and regained momentum.
Perpetual Markets Drive Trading Surge Perpetual contracts accounted for most of the activity, generating about $42.7 billion, or 91.7% of the combined volume.
Bitcoin perpetual volume led the market at approximately $22 billion, followed by Ethereum at $20 billion. XRP perpetual volume reached roughly $718 million.
Spot markets added another $3.85 billion. This included about $1.96 billion in BTC volume, $1.69 billion in ETH volume, and $198 million in XRP volume.
Essentially, perpetual trading activity was roughly 11 times larger than spot volume, highlighting the dominant role of derivatives in the latest market move.
Chart for Bitcoin, XRP, Ethereum Spot and Perpetual Volume | CryptoQuant Bitcoin Breaks Above $71,500; XRP and Ethereum Follow The surge in trading activity coincided with a sharp Bitcoin rally. BTC broke above $70,000 today for the first time since June. Notably, just yesterday, it traded at $64,400 but has soared by more than 12% to $72,307 at press time.
The increase in volume suggests the breakout was due to stronger market participation, particularly in leveraged perpetual markets.
Meanwhile, the momentum spilled into the altcoin market almost immediately, with many coins posting more impressive gains than BTC.
For instance, Ethereum has surged by 19.25% over the past day, reaching $2,285 and nearly erasing all the losses recorded over the last 90 days.
XRP has also surged by 16%, reaching $1.15 after touching $0.9800 last week. However, its 90-day performance still remains deeply negative, at a 15.35% decline.
Key Factors Helping Crypto Surge Notably, the acceleration in crypto trading activity follows changes in the broader macroeconomic backdrop.
Yesterday, U.S. President Donald Trump welcomed top crypto and financial leaders for a meeting on the future of digital assets. These included executives from Ripple, Coinbase, Chainlink, Kraken, Robinhood, and Nasdaq, making the gathering a “who’s who” of finance, crypto, and technology.
Trump said his administration had “ended the war on crypto” and outlined its digital-asset agenda, including the Strategic Bitcoin Reserve, Digital Asset Stockpile, stablecoin legislation, and efforts to modernize financial rules for blockchain-based markets.
Meanwhile, the U.S. Treasury announced plans to at least double liquidity-support buybacks for longer-dated Treasury securities, increasing the previous maximum of $2 billion per operation to at least $4 billion, beginning September 9.
Longer-term Treasury yields subsequently declined, while the U.S. dollar weakened. U.S.-Canada trade tensions also showed signs of easing after Washington delayed planned 50% tariffs on Canadian imports for three days as negotiations continued.
With Bitcoin now trading above $72,200, stronger trading activity, a major BTC breakout, and shifting macroeconomic conditions could keep volatility high across the BTC, ETH, and XRP markets.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Ethereum surged 18% intraday as spot trading volume jumped sharply across major global exchanges, putting ETH back at the center of the market’s risk-on move.
Market data showed ETH trading near the $2,500 level during the rally, with spot volume reportedly rising about 400% compared with the prior 24-hour average.
That is a major move, but it needs a careful read.
A sudden volume spike can reflect strong demand, but it can also include forced positioning, short covering, momentum chasing, exchange rebalancing, and fast-moving liquidity. The next question is whether ETH can hold the move once the first wave of volume cools.
TL;DR Ethereum rose 18% intraday. Spot trading volume reportedly jumped around 400%. The move should not be treated as a guaranteed trend shift until follow-through appears. Why Volume Matters Price can move on thin liquidity.
Volume tells us whether more market participants were involved.
An 18% move with weak volume might look fragile. An 18% move with a sharp volume spike suggests broader participation. That does not guarantee the rally continues, but it makes the move harder to dismiss as a random wick.
For Ethereum, the volume surge is particularly important because ETH had been competing for attention with Bitcoin’s push toward $70,000 and renewed ETF inflows.
A strong ETH session reminds the market that Ethereum can still lead risk appetite when conditions line up.
Spot Demand Is The Key Question The most important part is whether the move was spot-led.
Spot volume suggests actual buying and selling of ETH rather than only derivatives positioning. If spot buyers are driving the rally, that can be more durable than a move based purely on leveraged shorts getting liquidated.
But the distinction is not always clean.
Spot volume can rise because arbitrage desks, market makers, and derivatives hedgers are responding to futures activity. Crypto markets are deeply connected, and price action often moves across spot and derivatives at once.
That is why follow-through matters.
Ethereum Has Multiple Catalysts In The Background Ethereum’s rally did not happen in isolation.
The market is also watching ETF inflows, corporate ETH treasury activity, staking economics, tokenized asset growth, and broader risk appetite. ETH can benefit when traders rotate beyond Bitcoin into assets with higher beta and stronger ecosystem narratives.
Ethereum also has a different institutional story from BTC.
Bitcoin is the scarcity and macro asset. Ethereum is the smart contract, stablecoin, DeFi, tokenization, and staking infrastructure asset. When investors become more comfortable taking crypto risk, ETH can move quickly.
Do Not Turn A Volume Spike Into A Forecast A 400% volume jump is meaningful, but it is not a prediction.
Markets can surge on heavy volume and still retrace. Traders may take profits. Leverage may rebuild too quickly. Macro conditions may shift. Bitcoin may fail at resistance and drag the market lower.
The responsible read is that ETH had a powerful intraday session backed by unusually heavy spot activity.
That is bullish in the moment. It is not proof of a permanent breakout.
What To Watch Next The next signals are simple: does volume stay elevated, and does price hold higher levels?
If ETH consolidates near the rally zone with continued spot interest, the move may develop into a stronger trend. If volume fades and price slips back quickly, the surge may look more like a fast squeeze and momentum event.
ETF flows will also matter.
If Ethereum ETFs keep seeing inflows alongside spot buying, the institutional story becomes stronger. If ETF demand stays small, the rally may remain mostly crypto-native.
For now, Ethereum has delivered the kind of move that makes traders pay attention again.
The next test is whether buyers stay after the spike.
This article is based on public Ethereum market data for August 20, 2026.
This article was written by the News Desk and edited by Samuel Rae.
Kripto para piyasasında yükseliş yaşanırken Zcash (ZEC) için de dikkat çeken bir gelişme gündeme geldi. Grayscale Investments, Zcash Trust için ABD Menkul Kıymetler ve Borsa Komisyonu’na (SEC) dördüncü kez güncellenmiş S-3/A kayıt beyanını sundu. Şirket, ürünün gerekli onayların alınmasının ardından NYSE Arca’da ZCSH koduyla işlem görmesini hedefliyor. Bu gelişme, ZEC’e yönelik kurumsal yatırımcı erişiminin genişlemesi açısından önemli bir adım olarak değerlendiriliyor.
Grayscale Zcash Trust İçin Yeni Adım Grayscale’in başvurusu, yatırımcıların ZEC fiyat hareketlerine borsa üzerinden erişebilmesini amaçlıyor. Trust’ın temel varlığı doğrudan Zcash ağının yerel tokenı ZEC olacak. Böylece yatırımcıların ZEC’i doğrudan satın alıp saklamasına gerek kalmadan kripto varlığın fiyat performansına maruz kalması hedefleniyor. Başvurunun yürürlüğe girmesi ve gerekli listeleme sürecinin tamamlanması halinde Trust’ın NYSE Arca’da ZCSH sembolüyle işlem görmesi planlanıyor.
İlginizi Çekebilir: Ethereum 2.000 Doların Üzerine Çıktı! Yükseliş Devam Edecek mi?
Grayscale’in sunduğu belgelerde ürünün operasyonel yapısına ilişkin ayrıntılar da yer aldı. Coinbase, Trust için prime broker olarak görev yaparken Coinbase Custody Trust Company ZEC varlıklarının saklama hizmetini üstlenecek. Bank of New York Mellon ise transfer acentesi ve yönetici olarak süreçte yer alacak. Bu yapı, Grayscale’in Zcash odaklı yatırım ürününü kurumsal yatırımcılara daha erişilebilir hale getirme hedefini ortaya koyuyor.
DCG İştirakinden 200 Bin ZEC Hamlesi Başvurudaki en dikkat çekici detaylardan biri ise Digital Currency Group ile bağlantılı bir iştirakle ilgili oldu. Söz konusu iştirak, Trust aracılığıyla yaklaşık 200 bin ZEC satın alınmasına yönelik görüşmeler yürütüyor. Ancak belgelerde bu düzenlemenin henüz bağlayıcı olmadığı özellikle belirtiliyor. Bu nedenle potansiyel yatırımın gerçekleşip gerçekleşmeyeceği ve piyasaya nasıl yansıyacağı yakından takip edilecek.
Grayscale’in Zcash yatırım ürününü NYSE Arca’da listeleme planı, ZEC açısından kurumsal erişimin genişlemesi anlamına gelebilir. Ürünün onaylanması ve işlem görmeye başlaması halinde yatırımcıların ZEC’e geleneksel borsa kanalı üzerinden erişmesi kolaylaşabilir. Bu gelişme, özellikle kurumsal yatırımcı talebinin artması halinde ZEC fiyatı açısından yeni bir katalizör oluşturabilir. Ancak SEC sürecinin tamamlanması ve ürünün gerçekten listelemeye başlaması kritik önem taşıyor.
Değerlendirme Grayscale’in Zcash Trust için S-3/A başvurusunu güncellemesi, ZEC açısından dikkat çekici bir gelişme olarak öne çıkıyor. ZCSH koduyla NYSE Arca’da listelenmesi planlanan ürün, Zcash’e yönelik kurumsal erişimi artırma potansiyeline sahip. Bunun yanında yaklaşık 200 bin ZEC’lik potansiyel yatırım görüşmesi de dikkat çekiyor. Ancak sürecin henüz tamamlanmadığı ve yatırım anlaşmasının bağlayıcı olmadığı unutulmamalı.
Son dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
ABD Menkul Kıymetler ve Borsa Komisyonu’nun (SEC) yeni token düzenlemesi, ABD’de kripto projelerinin yeniden token satışıyla sermaye toplamasının önünü açabilir. Grayscale Research, böyle bir ortamda Ethereum, Solana ve BNB Chain‘in öne çıkabileceğini düşünüyor.
SEC, 18 Ağustos’ta Regulation Crypto Assets (Reg Crypto) adı verilen yeni kurallar için teklif sundu. Düzenleme, belirli şartları karşılayan girişimlerin ABD’li yatırımcılara yeni tokenlar satarak sermaye toplamasına izin verebilir.
Buradaki konu hisse senetlerini blockchain’e taşımak değil. Söz konusu teklif, yeni çıkarılan tokenların sermaye toplama aracı olarak kullanılmasını hedefliyor. Grayscale’e göre böyle bir pazar yeniden açılırsa, token satışlarının gerçekleştiği blockchain ağları da bundan pay alabilir.
Grayscale Neden Ethereum, Solana ve BNB Chain’i Öne Çıkarıyor? Grayscale Research, SEC’nin teklifinin ardından yayımladığı değerlendirmede Ethereum (ETH), Solana (SOL) ve BNB Chain’i olası kazananlar arasında gösterdi.
Mantık oldukça basit. ABD’deki projeler yeniden token satarak yatırım toplamaya başlarsa, girişimciler ve yatırımcılar daha fazla zincir üstü faaliyet gerçekleştirecek. Tokenların çıkarıldığı ve işlem gördüğü ağlar da bu hareketlilikten faydalanabilir.
Bunun geçmişte örneği var. National Bureau of Economic Research (NBER) araştırmasına göre 2017-2018 dönemindeki ICO dalgasında 1.500’den fazla proje toplam 12,9 milyar dolar topladı.
Sonraki yıllarda ABD’deki düzenleyici belirsizlik nedeniyle token satışlarının önemli bir bölümü ülke dışına taşındı. IEO ve IDO gibi yeni modeller ortaya çıksa da ABD’li yatırımcılar bu satışların çoğuna doğrudan erişemedi.
Grayscale’in beklentisi tam olarak burada devreye giriyor: Token yoluyla sermaye toplamak yeniden ABD’ye dönerse, bu işlemlerin üzerinde gerçekleştiği ağlara da yeni bir kullanım alanı doğabilir.
Reg Crypto Kripto Projeleri İçin Ne Değiştirecek? SEC’nin önerisi, token satışı için iki ayrı yol öngörüyor. İlk seçenekte girişimler dört yıllık dönem içinde toplam 5 milyon dolara kadar sermaye toplayabilecek. İkinci yol ise yılda 75 milyon dolara kadar fon toplamaya izin verecek ancak bunun karşılığında finansal tablolar ve düzenli raporlama gibi ek yükümlülükler getirecek.
Teklifte tokenların menkul kıymet statüsü de ele alınıyor. SEC’ye göre bir tokenın arkasındaki şirket veya ekip, projeyle ilgili temel yönetsel görevlerini tamamladığında token artık yatırım sözleşmesi olarak değerlendirilmeyebilir. SEC bu yaklaşımı “Investment Contract Safe Harbor” olarak adlandırıyor.
Bu konu, SEC’nin Ripple ile yıllardır devam eden XRP davasında da önemli tartışmalardan biriydi. Yeni teklif, en azından düzenleyicinin bu ayrımı nasıl ele alabileceğine dair daha net bir çerçeve ortaya koyuyor.
Ethereum, Solana ve BNB İçin Neden Önemli? Yeni token satışlarının artması halinde ilk etki, bu ağlardaki işlem ve kullanıcı faaliyetinde görülebilir. Yeni projeler tokenlarını piyasaya çıkarırken akıllı sözleşme altyapısına ihtiyaç duyacak. Yatırımcılar da bu tokenlarla işlem yapmak için ilgili ağları kullanacak.
Ethereum bu alanda zaten en büyük geliştirici ve uygulama ekosistemlerinden birine sahip. Solana yüksek işlem kapasitesiyle token lansmanlarında kullanılan başlıca ağlardan biri. BNB Chain ise Binance ekosistemiyle birlikte geniş bir kullanıcı ve uygulama tabanına sahip.
Grayscale’in değerlendirmesi de bu kullanım alanına dayanıyor. Daha fazla token ihracı, yalnızca yeni varlıkların ortaya çıkması anlamına gelmeyebilir; bu varlıkların çalıştığı blockchain ağlarına da yeni ekonomik faaliyet taşıyabilir.
Grayscale’in kendi yatırımları da BNB tarafındaki ilgiyi gösteriyor. Şirket bu ay Smart Contract Fund’ın ağırlıklarını değiştirerek BNB’yi %30,6’lık payla fonun en büyük varlığı haline getirdi.
SEC’nin Yeni Kuralları Ne Zaman Yürürlüğe Girecek? Reg Crypto henüz yürürlüğe girmiş değil. SEC’nin teklifinin Federal Register’da, yani ABD’nin resmi düzenleme bülteninde yayımlanmasının ardından 60 günlük kamuoyu görüşü süreci başlayacak.
SEC ayrıca bu yıl içinde kripto varlıkların alım satımı ve piyasa yapısına yönelik kurallarda yenilikçi projelere yönelik özel bir muafiyet getirmeyi planlıyor.
Teklifin amaçlarından biri de kripto şirketlerinin sermaye toplamak için ABD dışındaki piyasalara yönelmesini azaltmak. SEC Komiseri Mark Uyeda, daha net kuralların şirketleri ülke dışında faaliyet göstermeye iten baskıyı azaltabileceğini söyledi.
Düzenleme, Senato’da ilerlemesi zorlaşan CLARITY Act’in bazı bölümlerinin yerine de geçebilir. Bu yasa, ABD’de kripto varlıkların hangi kurallara tabi olacağını daha net hale getirmeyi amaçlıyor.
Token Satışları Yeniden ABD’ye Dönerse Ne Olur? Grayscale’in tezi henüz gerçekleşmiş bir piyasa hareketine değil, düzenlemenin yaratabileceği yeni kullanım alanına dayanıyor. SEC’nin teklifinin yasalaşması veya kapsamının değişmesi de henüz kesin değil.
Ancak ABD’de token yoluyla sermaye toplamak için net bir yol oluşması, kripto sektörünün önemli kullanım alanlarından birini yeniden canlandırabilir. 2017-2018 dönemindeki ICO dalgası bunun ne kadar büyük bir pazar yaratabileceğini zaten göstermişti.
Bu senaryoda Ethereum, Solana ve BNB Chain, yeni tokenların çıkarılması ve işlem görmesi için kullanılan başlıca ağlar arasında yer alabilir. Dolayısıyla Grayscale’in üç altcoini öne çıkarmasının temelinde fiyat tahmininden çok, düzenleyici değişimin blockchain kullanımını artırabileceği beklentisi var.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Following the significant surge in the cryptocurrency market that began last night, bullish expectations are strengthening, and popular crypto analyst Ansem has made a new prediction that has caught the attention of investors.
Ansem, in a post from his X account, suggested that an equally weighted portfolio consisting of Bitcoin, Ethereum, Solana, Hyperliquid (HYPE), and PUMP tokens could yield a 3 to 5x return within the next two years.
A Special Review of Hype and Pump! One of the most striking points in the analyst’s assessment was the emphasis on HYPE and PUMP.
The analyst argued that HYPE and PUMP offered the most attractive potential in terms of risk-return ratio among the five assets he mentioned and could outperform the others.
According to the analyst, these two tokens have the potential to outperform larger cryptocurrencies like BTC, ETH, and SOL in the coming period.
Holding equal weights across the five assets can amplify the impact of higher-volatility hype and pumps on portfolio performance. While this could increase potential returns, it can also increase the overall risk and volatility of the portfolio.
However, this strategy also carries a significant risk. If assets with higher volatility, such as those fueled by hype and pump, experience sharp declines in value, the overall performance of the portfolio could be negatively impacted.
Finally, it should be noted that the analyst’s assessment reflects personal market expectations and is not a definitive price prediction. The direction the crypto market will take in the coming years depends on many factors, including global liquidity conditions, interest rate policies, regulatory developments, institutional investor interest, and Bitcoin’s overall market trend.
*This is not investment advice.
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GnosisDAO has approved a proposal for Gnosis Chain to transition from a standalone layer-1 blockchain to a zero-knowledge (ZK) proven Ethereum Economic Zone (EEZ) rollup. This move will integrate Gnosis Chain more closely with the Ethereum ecosystem and marks a major change in the project’s infrastructure roadmap.
Details of the governance voteThe community governance proposal, titled GIP-153, attracted high participation. It received 123,158 GNO tokens in support, 115 against, and 151 abstentions, with a total turnout of 123,425 GNO across 54 voters. This surpassed the established quorum of 75,000 GNO, confirming broad backing among stakeholders.
With approval secured, Gnosis Chain will retire its existing validator set, shifting its transaction settlement to Ethereum. This will effectively make Gnosis Chain a layer-2 (L2) solution, leveraging Ethereum’s validators for security and settlement instead of its own.
An initial launch is set for late 2026 or early 2027, provided that essential EEZ technology components are ready for deployment by then.
Technical advantages and integration with EthereumAccording to the proposal, smart contracts native to Gnosis Chain will be able to directly interact with Ethereum and access mainnet assets and liquidity within a single transaction. This functionality is positioned as a significant upgrade, aiming to offer features not currently present in other L2 networks.
The EEZ framework was co-developed by Gnosis and ZisK, with additional funding from the Ethereum Foundation. It is designed to support Ethereum-aligned rollups and minimize fragmentation in the existing layer-2 landscape.
This initiative targets existing challenges in Ethereum scaling, such as throughput optimization and fragmented liquidity, by enabling synchronous execution of smart contracts across multiple rollups without reliance on bridging.
Gnosis Chain will serve as the first live instance of the EEZ, while maintaining its current set of applications, user balances, and use of the xDAI gas token.
Mini dictionary: ZK-proven Ethereum Economic Zone (EEZ) is a new rollup framework that employs zero-knowledge proofs to validate transactions and aims to enable secure, synchronous execution of smart contracts across aligned networks without the need for decentralized bridges.
Ethereum co-founder Vitalik Buterin has previously warned about the risks tied to centralization in sequencers and the bridging mechanisms used by some L2 solutions. In a Feb. 3 X post, Buterin argued for alternative approaches, suggesting the “original vision of L2s and their role in Ethereum no longer makes sense.”
L2 TypeSettlement NetworkBridging RequiredValidator SetCurrent Gnosis Chain (L1)Gnosis ChainYesOwnEEZ Rollup (future)EthereumNo (synchronous calls)Ethereum ValidatorsData from L2Beat indicates that 22 Ethereum rollups now secure $27.82 billion, while the platform tracks $34.88 billion total value secured across rollups, validiums, optimiums and related scaling networks.
Industry response and impactGeoffrey Kendrick, global head of digital assets research at Standard Chartered, stated that EEZ’s design could reduce the reliance on blockchain bridges, which have historically presented security vulnerabilities, and increase the usability of assets on EVM-compatible chains.
The EEZ is positioned to reduce the need for bridges, which are frequent attack points, and enhance the utility of assets across EVM networks, according to Kendrick’s research note.
Kendrick further noted that the platform can potentially foster greater composability, allowing smart contracts on different networks within the EEZ to interact directly in a single transaction.
Gnosis Chain is a smart contract platform focused on governance and community ownership. It was developed by the GnosisDAO, an organization dedicated to building decentralized infrastructure for the Ethereum ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
GnosisDAO has approved GIP-153, giving Gnosis Chain a governance mandate to move toward becoming a ZK-proven Ethereum rollup rather than continuing only as an independent Layer 1 network.
The proposal passed with 123,158 GNO voting in favor, according to the Snapshot vote. The plan would transition Gnosis Chain into what the proposal describes as part of an Ethereum Economic Zone, with the chain settling on Ethereum and inheriting Ethereum’s security. Gas would remain paid in xDAI, and the target genesis window is late 2026 or early 2027.
That is a meaningful direction change.
Gnosis Chain has long occupied an unusual position in the Ethereum ecosystem. It is closely aligned with Ethereum values and tooling, but it has operated as its own chain. Moving toward a ZK-proven L2 model would bring it more directly into Ethereum’s rollup roadmap.
Still, this is a governance mandate, not immediate technical deployment.
TL;DR GnosisDAO approved GIP-153 to transition Gnosis Chain toward a ZK-proven Ethereum rollup. The proposal passed with 123,158 GNO voting in favor. Gas would remain paid in xDAI, with a target genesis in late 2026 or early 2027. A Directional Vote, Not A Finished Migration The most important detail is timing.
GIP-153 gives the project a clear direction, but it does not mean the technical migration has already happened. Rollup transitions require engineering, testing, sequencer and prover design, bridge considerations, user migration planning, security review, and ecosystem coordination.
That takes time.
The proposal’s late 2026 or early 2027 genesis target gives the market a broad window, not an overnight switch. Users should not assume that Gnosis Chain has already become an Ethereum rollup simply because the vote passed.
Governance has approved the direction. Implementation comes next.
Why Ethereum Settlement Matters The appeal of settling on Ethereum is straightforward.
Ethereum remains the dominant security and settlement layer for rollups. Chains that settle to Ethereum can lean on its validator set, liquidity base, developer ecosystem, and institutional credibility. That is why many projects have chosen to become L2s rather than compete as standalone chains.
For Gnosis Chain, the move could strengthen its Ethereum alignment while preserving some of its existing user experience.
Keeping gas paid in xDAI is particularly important because it protects one of the chain’s most familiar features. Users would not suddenly need to rethink every basic transaction around ETH gas.
That balance — Ethereum security with Gnosis-specific UX — is likely the point.
Unlocking Staked GNO Adds Another Layer The proposal also unlocks approximately 350,000 staked GNO.
That matters because governance changes can have token-economic effects as well as technical ones. Unlocking staked assets may improve flexibility, change incentives, or affect how participants think about GNO’s role in the future network structure.
The market will want to understand whether the transition makes GNO more governance-centered, more economically useful, or simply part of a broader ecosystem alignment.
That question will take time to answer.
For now, the vote shows that GnosisDAO wants the chain’s next phase to sit closer to Ethereum’s rollup economy.
Rollup Consolidation Keeps Moving The broader story is that Ethereum’s scaling map continues to absorb more activity.
The L2 model has become the dominant way for Ethereum-aligned ecosystems to grow without forcing every transaction onto Ethereum mainnet. If Gnosis Chain follows through, it would add another established ecosystem to the rollup side of the market.
That could make sense strategically.
Instead of competing with Ethereum, Gnosis Chain can position itself as a specialized extension of Ethereum’s settlement layer. That may be more attractive to developers, users, and institutional partners who already trust Ethereum’s security model.
But it also means Gnosis will need to execute carefully. Rollup infrastructure is competitive, and users will judge the transition by reliability, fees, liquidity, tooling, and bridge safety.
What Comes Next The next phase is execution.
GnosisDAO has approved the direction. Now the project needs technical design, implementation milestones, test environments, ecosystem communication, and final launch planning.
The vote is important because it clarifies intent. It does not settle every detail.
For Ethereum, the approval is another sign that its rollup-centered roadmap continues to pull in aligned ecosystems. For Gnosis Chain, it marks the beginning of a new chapter: one where the chain’s future is tied more tightly to Ethereum settlement.
That could be powerful, but the hard part starts after the vote.
This article is based on GnosisDAO’s GIP-153 Snapshot vote and related governance materials.
This article was written by the News Desk and edited by Samuel Rae.
An Ethereum user reportedly lost 1,010 ETH after following an old Tornado Cash bookmark that allegedly redirected to a malicious frontend controlled by phishing attackers.
Summary
An Ethereum address received 810 ETH through nine transfers on August 18, onchain records confirm. Community reports claimed 1,010 ETH was stolen after a user visited a suspected phishing frontend. The cited wallet retained approximately 810 ETH, worth about $1.86 million when records were checked. Claims that attackers stole nearly 4,000 ETH over twelve months remain independently unverified by researchers. Tornado Cash’s website was accessible when checked, leaving the alleged domain takeover without official confirmation. Community accounts said the incident unfolded over approximately 12 hours. They alleged that attackers obtained the victim’s Tornado Cash deposit credentials and withdrew the funds before transferring them to several addresses.
Onchain records provide partial confirmation. The cited wallet received 810 ETH through nine transactions on Aug. 18. Eight transfers carried 100 ETH each, while the final transfer carried 10 ETH.
The transactions occurred between 5:56 a.m. and 6:05 a.m. UTC. The address retained approximately 810 ETH, valued by Etherscan at about $1.86 million when checked on Aug. 20.
Ethereum records confirm 810 ETH, not the full claim The verified transactions leave a 200 ETH gap between the 1,010 ETH loss reported by community users and the 810 ETH held by the cited wallet. The remaining amount may have reached another address, but no additional destination was included in the supplied evidence.
User Loses Over 1,000 ETH in Phishing Attack After Using Tornado Cash’s Expired Official Domain
According to community users, a user clicked an old link left in a related bookmark and was redirected to a phishing site through the expired official domain tornado. cash, which had… pic.twitter.com/8j7eQl3qX2
— Wu Blockchain (@WuBlockchain) August 20, 2026 No public statement from Tornado Cash, an established blockchain security firm or the reported victim had independently confirmed the full amount when this article was prepared.
Community accounts claimed the victim tracked a total loss of 1,010 Ethereum, but the provided address independently confirms only 810 Ethereum.
The cited wallet had recorded nine transactions and no outgoing transfer at the time of review. Its balance therefore supports the claim that most of the reported funds remained under the suspected attacker’s control.
At Ether’s price of approximately $2,295, the confirmed 810 Ethereum was worth about $1.86 million. The reported 1,010 Ethereum loss would be worth roughly $2.32 million at the same price.
Tornado Cash domain takeover remains unconfirmed Reports blamed the theft on the tornado.cash domain, claiming it expired after the project’s team failed to renew it during the disruption caused by U.S. sanctions. According to the accounts, an attacker subsequently registered the address and installed a fake user interface.
That account could not be fully verified. The domain was accessible and displayed a Tornado Cash interface when checked. No authoritative domain record, official Tornado Cash warning or named security researcher was found confirming that the address had expired and changed ownership.
Claims that the official domain was captured by an attacker therefore remain unconfirmed and should not be presented as an established cause.
A website loading correctly at the time of checking does not prove it was safe at an earlier time. Attackers can remove malicious code, redirect only selected visitors or restore a legitimate interface after collecting credentials.
Tornado Cash has faced previous frontend security problems. In 2024, researcher Gas404 found that malicious JavaScript had been inserted into an open source interface and could expose private deposit notes. Checkmarx later documented the supply chain compromise, although no evidence currently connects that episode with the latest transactions.
Deposit notes can give attackers control of funds Tornado Cash uses private deposit notes to let users withdraw assets from its pools. Anyone who obtains a valid note can generally initiate the corresponding withdrawal, making the note comparable to a private credential.
A fake frontend can capture this information when a user attempts to make a deposit or withdrawal. The attacker can then use the stolen note before the legitimate owner does.
The attack differs from approval phishing, where a victim signs a malicious transaction that authorizes a drainer contract. In related coverage, crypto.news explained how wallet drainers exploit deceptive signatures to gain access to tokens and nonfungible assets.
Old bookmarks present another risk because users often assume previously trusted links remain safe. Expired or transferred domains preserve their familiar names, search rankings and backlinks, making malicious replacements harder to identify.
As crypto.news recently reported, fake websites continue draining Ethereum wallets after users approve transactions or enter sensitive information. The safest approach is to verify domains through several current project channels before connecting a wallet.
Nearly 4,000 ETH claim needs more evidence Community reports also alleged that the same attackers stole almost 4,000 ETH through similar methods over the previous 12 months. No list of related addresses or attribution analysis accompanied that figure.
Without linked wallets, transaction hashes or a report from a security firm, the 4,000 ETH estimate cannot be independently verified. Blockchain transfers show where funds moved, but they do not automatically establish who controlled each address or which phishing campaign generated them.
The immediate priority is monitoring the confirmed 810 ETH. Transfers to exchanges could create an opportunity for platforms to identify or freeze assets, subject to their procedures and applicable law.
The victim should preserve browser history, bookmarked URLs, wallet logs and transaction records before reporting the incident to wallet providers, exchanges and law enforcement. Users who interacted with the same frontend should stop using it, move unaffected assets and revoke suspicious token approvals.
The available evidence supports a large Ethereum transfer into a newly active wallet. It does not yet prove the full 1,010 ETH loss, the alleged takeover of the official domain or the claimed 4,000 ETH campaign.
Last night, the crypto market saw a long-awaited rally, with crypto-related stocks also experiencing unusual movement. According to market data from BIT (bit.com), BitMine— the company with the largest Ethereum treasury holdings—closed up 10%. Notably, unusual activity was also observed in BitMine’s call options overnight. Data shows investors bought 181,684 call options on Wednesday, roughly 25% higher than the stock’s average daily call option volume of around 145,316 contracts. Multiple data platforms flagged several trades in the stock’s options that day as "unusual options activity". Additionally, the implied volatility of the stock’s options rose. Recently, institutional investors have repeatedly announced increased positions in BitMine: Marex Group boosted its holdings by 560.1% in Q4 last year, now holding approximately 10.02 million shares; Weiss Asset Management increased its stake by 363.6% in Q1 this year, holding around 4.32 million shares; Morgan Stanley raised its position by 25.8% in Q4 last year, currently holding about 12.19 million shares.
Relevant content
Whale "First Set 10 Big Goals" has liquidated $222 million worth of Bitcoin (BTC) and Ethereum (ETH) short positions, incurring a loss of $6.283 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), the trading account "10 Big Goals First" has fully closed all its short positions in BTC and ETH worth $222 million via stop-loss orders, taking a loss of $6.283 million. The account made $13.04 million from long positions yesterday, but today's short trades erased $6.28 million of those gains, resulting in a net profit of $6.76 million for this round of long-short trading.
5 minutes ago
Yilihua: Bitcoin’s strong rebound breaking through $68,000 may signal the end of the crypto bear market cycle.
Liquid Capital (formerly LD Capital) founder Yili Hua wrote in an article that he had repeatedly emphasized earlier that July to August could be the final bottom-hunting window. Based on Bitcoin’s historical decline patterns, after the end of the previous rally and the third stage of decline, BTC has rebounded strongly to break through the $68,000 mark, which may signal the end of the crypto market’s bear cycle. Investors should not attempt to catch the exact bottom at a specific price point, nor should they try to short in the bottom range. He noted that the two most noteworthy things moving forward are: how to operate in the new bull cycle to maximize returns, and seizing development opportunities in the AI sector at other times.
5 minutes ago
The whale codenamed "Set 10 Big Goals First" has liquidated BTC and ETH short positions worth $222 million, incurring a loss of $6.283 million.
According to on-chain analyst Ai Yi (handle @ai_9684xtpa), the trading account "First Set 10 Big Goals" has fully closed all its BTC and ETH short positions worth $222 million via stop-loss, incurring a loss of $6.283 million. Long positions opened yesterday generated a profit of $13.04 million, while today’s short positions gave back $6.28 million in profits, resulting in a net profit of $6.76 million for this round of long-short trades.
5 minutes ago
Bitcoin surges past $72,000, notching an 11.8% 24-hour gain.
According to HTX market data, Bitcoin has broken through the $72,000 mark, with a 11.8% increase in the past 24 hours.
5 minutes ago
In just the past 30 minutes, two wallets were liquidated for a total of $45.77M. 0x50b3 had 281 $BTC ($20.12M) liquid...
In just the past 30 minutes, two wallets were liquidated for a total of $45.77M. 0x50b3 had 281 $BTC ($20.12M) liquidated. 0x66f8 had 240 $BTC ($17.15M) and 3,738 $ETH ($8.5M) liquidated.
5 minutes ago
US media: The US side believes Iran-UAE talks broke down weeks ago.
According to U.S. financial media outlet Semafor, U.S. President Donald Trump’s latest move to avoid escalating military actions against Iran comes as Washington views talks between Iran and Oman—previously seen as a rare, productive negotiation channel—as deadlocked. A U.S. official and a White House official stated that the U.S. government believes the Iran-Oman talks collapsed several weeks ago. The talks had raised the possibility of a toll agreement for the Strait of Hormuz, a development that frustrated Trump. The Omani Embassy did not respond to the U.S.’s assessment of its negotiations. However, Trump still describes the situation with Iran as “very good” and remains optimistic that economic pressure can force Tehran to return to the negotiating table, even though he has halted future talks for the foreseeable future. Last night, Trump posted on social media threatening to launch an “economic war” against Iran, saying the U.S. will impose sanctions on any country that does business with Tehran. (Jin10)
Key Highlights Ethereum surged past $2,200 on August 19, marking its first breach of this level since June 2, 2026 The digital asset posted an impressive 8% climb within a 24-hour period, touching an intraday peak around $2,103 Bitcoin’s push toward the $70,000 threshold sparked more than $1.23 billion in forced short position closures Spot Ethereum exchange-traded funds attracted $71.47 million in net capital inflows The Relative Strength Index for ETH surged to 87.41, indicating extreme overbought conditions Ethereum vaulted beyond the $2,200 threshold on Wednesday, achieving this price level for the first time since early June 2026. This upward movement coincided with a comprehensive cryptocurrency market surge that propelled Bitcoin toward $70,000 and initiated widespread forced liquidations of bearish positions.
Ethereum (ETH) Price The second-largest cryptocurrency began trading around $1,905 before experiencing a powerful upward thrust that carried it to an intraday peak approaching $2,103. By session end, ETH had stabilized near $2,080, marking an approximately 8% appreciation over the preceding day.
The price acceleration received partial support from the US Treasury’s announcement regarding expanded long-term bond repurchase operations. Market participants interpreted this policy shift as an injection of liquidity into financial markets, providing tailwinds for Bitcoin and other risk-sensitive assets.
BREAKING: The US Treasury announces it will double the size long-term US government debt buybacks following the rapid surge in US Treasury yields.
Repurchases of $2 billion will now be increased to "at least" $4 billion, the US Treasury said.
The move is intended to provide…
— The Kobeissi Letter (@KobeissiLetter) August 19, 2026
Bitcoin rocketed above the $68,000 mark and approached $69,700, establishing its strongest position in over two months. The leading cryptocurrency accumulated roughly $4,400 in value across just 50 minutes as market participants scrambled to exit bearish positions.
Data from CoinGlass reveals that approximately $1.55 billion worth of short positions were forcibly closed during a single 60-minute window. Across the full 24-hour period, aggregate liquidations throughout the cryptocurrency ecosystem approached $2.99 billion, ensnaring approximately 114,038 individual traders.
Source: Coinglass The most substantial individual liquidation involved a $32.18 million ETHUSDT perpetual futures contract on the Bitget exchange. Alternative cryptocurrencies including Solana, BNB, Dogecoin, and Cardano all posted gains as market sentiment turned decidedly bullish.
Institutional Capital Flows Through ETF Channels Spot Ethereum exchange-traded funds registered $71.47 million in net positive flows during the trading session. Cumulative ETF holdings climbed to $10.83 billion, signaling expanding institutional appetite for ETH exposure.
The persistent ETF demand provides a more sustainable foundation for the price advance compared to rallies fueled exclusively by speculative derivatives trading.
Open interest in Ethereum derivatives contracts also expanded by nearly 10% within a single day. This metric demonstrates that leveraged market participants were establishing new positions as prices penetrated key resistance zones.
Market analyst Daan Crypto Trades observed on X that the substantial daily price bar that concluded the consolidation phase reminded him of “the same vibes as last year.” He referenced a previous occurrence when a comparable candle formation preceded an additional 20% price appreciation over the subsequent 48 hours, while emphasizing this was an observation rather than a forecast.
$ETH This massive daily candle to end the consolidation at this exact same price region is giving me the same vibes as last year.
Obviously it is just a comparison and unlikely for the price action to be the same afterwards but it was still worth pointing out for the sake of it… pic.twitter.com/mkBGR4aY80
— Daan Crypto Trades (@DaanCrypto) August 19, 2026
Critical Resistance and Support Zones ETH powered through the $1,960, $2,000, and $2,050 price levels within a single candlestick formation before encountering selling pressure around $2,100.
The Relative Strength Index registered 87.41, positioning ETH well into overbought territory. The Chaikin Money Flow indicator reached 0.62, demonstrating substantial capital accumulation supporting the upward move.
A confirmed four-hour candle close above $2,100 would potentially unlock movement toward $2,120, followed by $2,160. Breaching $2,160 with accompanying volume could bring the $2,200 psychological level into immediate focus.
Ethereum has accumulated a 31.1% gain during Q3 2026, effectively reversing its 25.3% drawdown from Q2. This performance trajectory positions ETH for its first quarterly gain of the calendar year.
Total assets under management in spot ETF products reached $10.83 billion at the conclusion of the trading session.
BTC Digital Ltd. (NASDAQ:BTCT) and BitMine Immersion Technologies Inc. (NYSE:BMNR) shares are trending on Thursday.
BTCT gained 111.55% to $1.77 after the bell on Wednesday. This was after the stock climbed 79.97% to $0.84 in the regular session, according to Benzinga Pro data.
BMNR surged 6.47% to $21.55 extended trading session. The jump in the late trading session followed an intraday gain of 10.72%, where the stock closed at $20.24.
Trading Volume Surges Both cryptocurrency infrastructure companies saw elevated trading activity on Wednesday.
BTC Digital’s volume spiked to 147.56 million shares versus an average daily volume of 230,900 shares, representing approximately 639 times the stock’s average trading volume.
Bitmine’s volume hit 75.67 million shares versus an average daily volume of 31.59 million shares, representing approximately 2.4 times the stock’s average trading volume.
Sector-Wide Rally Sets The StageOn Wednesday, Bitcoin (CRYPTO: BTC) traded at $69,334.78, up 7.84%, with a market cap of $1.4 trillion and 24-hour volume of $51.7 billion. Ethereum (CRYPTO: ETH) traded at $2,255.12, up 18.11%, with a market cap of $272.1 billion and 24-hour volume of $33.3 billion.
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The stock move comes as optimism over a potential September passage of the CLARITY Act and a record single-day short liquidation of $2.74 billion fueled gains across crypto-linked equities.
World’s largest corporate Bitcoin treasury holder Strategy Inc. (NASDAQ:MSTR) was also up 12.68% on Wednesday. In the after-hours session, it soared 3.73%.
The stock move also comes as President Donald Trump urged Congress to pass the CLARITY Act at a White House crypto summit Wednesday, while Senate Banking Chairman Tim Scott said the bill has a “really good shot” of advancing.
Earlier this week, BitMine disclosed that its crypto, cash and moonshot holdings totaled $11.4 billion, including 5,815,164 ETH.
Trading MetricsMetricBitMineBTCTMarket Cap$12.21Billion$13.24 Million52-Week Range$12.80–$65.60$0.43–$3.12YTD Performance-35.11%-48.67%Benzinga’s Edge Stock Rankings indicate that BTCT stock has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Bitcoin, Ethereum, and XRP rallied after Trump's crypto meeting, but the CLARITY Act still faces political disagreements in the Senate.
President Donald Trump met with executives from Coinbase, Ripple, Gemini, and other major crypto companies at the White House on Wednesday as the administration sought to take a stronger position in the digital asset industry.
The discussion focused heavily on the Digital Asset Market Clarity Act, Bitcoin, and the push to bring more crypto activity into the US.
CLARITY, Bitcoin and Hyperliquid Trump called on Congress to pass “a fair version” of CLARITY and said the legislation would help keep the US “ahead of China.” The bill passed the House of Representatives in July 2025 but has remained stalled in the Senate over issues including tokenized equities, stablecoin rewards, and concerns about potential conflicts involving the Trump family and the crypto industry.
Coinbase CEO Brian Armstrong said the legislation would make the country’s crypto policy “durable into the future, so it could survive for decades and decades to come.” The exec expects the bill to get “more than 60 votes” when the Senate takes up a cloture motion on September 15. Trump backed Armstrong’s assessment of the bill’s support and said,
“It’s very bipartisan, I would say. Lot of Democrats support.”
During the meeting, Trump also said the US has discussed plans to buy “sizable” amounts of Bitcoin and other cryptocurrencies. He later said,
“We’re going to ensure America remains the undisputed leader, not only in Bitcoin and crypto, but also in technologies like prediction markets and artificial intelligence.”
Hyperliquid was another topic raised during the meeting. Trump said Commodity Futures Trading Commission Chair Michael Selig is working to bring the perpetuals-focused trading platform into the US in a “fully compliant and legal fashion.” HYPE jumped more than 20% following the remarks and climbed to $71.
Markets Cheer, But Hurdles Remain Crypto markets reacted strongly after the White House meeting and the latest signals on regulation. Bitcoin gained 7% and tapped $70,000, while Ethereum posted a bigger jump of nearly 18% and reached $2,327. XRP also moved higher as it climbed to $1.14.
You may also like: This Bitcoin Cycle Pattern Could Set Up a 1,000% Rally: Analyst HYPE Skyrockets Past $70 as Trump Reveals CFTC Push for Hyperliquid’s US Entry Over $1B in Liquidations as Bitcoin Surges to 2-Month High Above $69K But the bigger question for the industry is still in Washington. Trump can urge lawmakers to move ahead, but the CLARITY Act must still clear political hurdles in the Senate. Democratic Senator Ruben Gallego, for instance, warned lawmakers to slow down rather than rush toward a Senate vote. Speaking at the SALT Wyoming Blockchain Symposium on Wednesday, Gallego said Democrats and Republicans still need to work through disagreements over ethics and stablecoin yield.
“Don’t go for a fast vote. A fast vote gets you a fast result, but I’m not sure it’s the result you want.”
It is important to note that Senate Democrats have pushed for language that would prevent public officials, including the president, from selling digital currencies. But Gallego said that repeated efforts to reach the White House on the ethics language have made little progress.
A trader opened a high-risk long bet on Ethereum (CRYPTO: ETH) just before the cryptocurrency’s dramatic Wednesday surge, locking in paper gains of over $6 million.
Perfectly-Timed ETH Trade Raises EyebrowsThe whale initiated a 4x leveraged long position in ETH on the decentralized perpetual trading platform Hyperliquid at an entry price of $1,936, according to Lookonchain.
Shortly after they opened the position, ETH started rallying sharply. Since then, the coin has surged nearly 16%, netting the whale an unrealized profit of $6.192 million.
“What a coincidence,” Lookonchain said, expressing skepticism over the timing of the trade.
Benzinga Note: Leverage trading allows cryptocurrency traders to open larger positions using borrowed capital. While it can potentially amplify profits, it also significantly increases the risk of substantial losses due to the volatile nature of cryptocurrencies.
Other ETH trades also drew scrutiny.
In the days leading up to Wednesday, a whale acquired 10,657 ETH valued at approximately $20 million, with half of the total purchased on Tuesday. The investor went on to stake the ETH.
Transaction data from Arkham Intelligence showed sequential large inflows from Kraken hot wallet, followed by deposits to the Ethereum Beacon Chain contract
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Market Takes Note of Trump’s Crypto-Supportive StanceEthereum soared to levels not seen since May 12, with 24-hour trading volume exploding by 408%. The asset recorded roughly $1.13 billion in liquidations over the last 24 hours, with short liquidations amounting to $1.02 billion, according to Coinglass.
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Growing optimism over the passage of the CLARITY Act energized the market, while President Donald Trump’s commitment to preserving U.S. leadership in Bitcoin (CRYPTO: BTC) and other cryptocurrencies added to the momentum.
He added that the U.S. is currently the "hottest country" in the world and urged Congress to take the next step by passing the CLARITY Act.
Price Action: At the time of writing, ETH was exchanging hands at $2,244.57, up 17.50% in the last 24 hours, according to data from Benzinga Pro.
Ethereum has surged by 18% in the past 24 hours as of writing, pushing ETH out of its five-week consolidation and extending its weekly gain to 19.65%.
In support of the rally, the altcoin’s trading volume jumped 402% as the price cleared the $2,003 resistance and reached $2,252.80. Meanwhile, the RSI rose to 92.14, indicating that the momentum had been stretched significantly after the extremely fast increase in price.
Additionally, MACD increased sharply, further supporting acceleration as ETH was moving into a wider trading area than it ever previously had.
Source: ETH/USD on TradingView However, $2,426.30 now becomes important because sellers previously defended that April supply level. Holding $2,003 would preserve the new structure and keep buyers in control.
Conversely, losing that level would return ETH inside its former range, weakening the breakout despite the surge in volume.
Can Ethereum’s rally extend toward $2,636? That breakout now brings Ethereum into the important zone of the rally, where fresh demand must absorb overhead supply.
At press time, ETH was approaching the $2,431–$2,500 range. This price level is important here since this has been a previous high-price area with significant trading volume. As such, it is also an important swing high.
This zone matters because sellers who previously traded there can re-enter as price returns. Therefore, sustained volume becomes crucial for keeping the advance intact rather than simply extending momentum.
Still, a gradual reset of the RSI toward 60-70 would also be of importance. Especially if Ethereum is continuing to form higher lows while consolidating. This would provide enough cooling-off time for momentum without undoing the broader rally.
If buying interest absorbs selling pressure above $2500, then the focus shifts toward the $2636 zone. This is because this is where another prior support to resistance transition exists.
However, if Ethereum [ETH] repeatedly fails to get past the $2431-$2500 area, it would show that Ethereum’s rapid advance has reached meaningful resistance.
Can ETH buyers squeeze $98M shorts?
The resistance test also revealed a contest between aggressive buyers and traders positioned against Ethereum’s advance.
On the 19th of August, Ethereum’s hourly Taker Buy Volume reached $2.55 billion. It was the third-highest hourly reading since the 7th of February.
Source: CryptoQuant Such orders consume available sell liquidity. Simply, this shows that as the rally continued, buyers have been accepting higher prices to fill their orders.
However, that pressure is meeting sizeable leveraged opposition. According to Lookonchain data, two Hyperliquid whales hold combined shorts of 50,838 ETH, worth roughly $98 million.
Their positions therefore turn continued buying into a potential pressure point rather than simply another demand signal. One liquidation level sits near $2,273, placing it directly around ETH’s advance.
If buying persists, forced short closures could reinforce demand. Otherwise, sellers absorbing these orders would weaken the rally’s underlying momentum.
Final Summary Ethereum [ETH] surged 18% as strong volume confirmed its breakout, bringing the $2,431–$2,500 resistance zone into focus. ETH faces $98M in whale shorts as aggressive buying determines whether momentum can extend toward $2,636.
According to monitoring by Farside Investors, Bitcoin ETFs recorded a net inflow of $454.8 million yesterday, while Ethereum ETFs saw a net inflow of $186.8 million.
Relevant content
Whale "First Set 10 Big Goals" has liquidated $222 million worth of Bitcoin (BTC) and Ethereum (ETH) short positions, incurring a loss of $6.283 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), the trading account "10 Big Goals First" has fully closed all its short positions in BTC and ETH worth $222 million via stop-loss orders, taking a loss of $6.283 million. The account made $13.04 million from long positions yesterday, but today's short trades erased $6.28 million of those gains, resulting in a net profit of $6.76 million for this round of long-short trading.
5 minutes ago
Yilihua: Bitcoin’s strong rebound breaking through $68,000 may signal the end of the crypto bear market cycle.
Liquid Capital (formerly LD Capital) founder Yili Hua wrote in an article that he had repeatedly emphasized earlier that July to August could be the final bottom-hunting window. Based on Bitcoin’s historical decline patterns, after the end of the previous rally and the third stage of decline, BTC has rebounded strongly to break through the $68,000 mark, which may signal the end of the crypto market’s bear cycle. Investors should not attempt to catch the exact bottom at a specific price point, nor should they try to short in the bottom range. He noted that the two most noteworthy things moving forward are: how to operate in the new bull cycle to maximize returns, and seizing development opportunities in the AI sector at other times.
5 minutes ago
The whale codenamed "Set 10 Big Goals First" has liquidated BTC and ETH short positions worth $222 million, incurring a loss of $6.283 million.
According to on-chain analyst Ai Yi (handle @ai_9684xtpa), the trading account "First Set 10 Big Goals" has fully closed all its BTC and ETH short positions worth $222 million via stop-loss, incurring a loss of $6.283 million. Long positions opened yesterday generated a profit of $13.04 million, while today’s short positions gave back $6.28 million in profits, resulting in a net profit of $6.76 million for this round of long-short trades.
5 minutes ago
Bitcoin surges past $72,000, notching an 11.8% 24-hour gain.
According to HTX market data, Bitcoin has broken through the $72,000 mark, with a 11.8% increase in the past 24 hours.
5 minutes ago
In just the past 30 minutes, two wallets were liquidated for a total of $45.77M. 0x50b3 had 281 $BTC ($20.12M) liquid...
In just the past 30 minutes, two wallets were liquidated for a total of $45.77M. 0x50b3 had 281 $BTC ($20.12M) liquidated. 0x66f8 had 240 $BTC ($17.15M) and 3,738 $ETH ($8.5M) liquidated.
5 minutes ago
US media: The US side believes Iran-UAE talks broke down weeks ago.
According to U.S. financial media outlet Semafor, U.S. President Donald Trump’s latest move to avoid escalating military actions against Iran comes as Washington views talks between Iran and Oman—previously seen as a rare, productive negotiation channel—as deadlocked. A U.S. official and a White House official stated that the U.S. government believes the Iran-Oman talks collapsed several weeks ago. The talks had raised the possibility of a toll agreement for the Strait of Hormuz, a development that frustrated Trump. The Omani Embassy did not respond to the U.S.’s assessment of its negotiations. However, Trump still describes the situation with Iran as “very good” and remains optimistic that economic pressure can force Tehran to return to the negotiating table, even though he has halted future talks for the foreseeable future. Last night, Trump posted on social media threatening to launch an “economic war” against Iran, saying the U.S. will impose sanctions on any country that does business with Tehran. (Jin10)
Ethereum climbed back above $2,200, advancing 18% in the past 24 hours amid a broad-based crypto resurgence. According to CoinGecko data, ETH also gained 19.7% over the past week and rose 17.4% within the last month, marking one of its most significant rallies in 2026.
Market momentum behind Ethereum’s rallyThe latest price surge followed a noteworthy event at the White House, where US President Donald Trump hosted a group of CEOs from leading cryptocurrency firms, including Ripple and Coinbase. During this meeting, Trump shared that the United States is evaluating the possibility of acquiring substantial amounts of Bitcoin and other digital assets. His remarks appeared to boost investor morale across the sector.
Bitcoin also surged toward the $70,000 mark, lifting sentiment throughout the cryptocurrency market. As Bitcoin’s price momentum accelerated, Ethereum rode this positive wave, achieving its own substantial gains.
While cryptocurrencies rallied, technology stocks experienced a decline. Market participants speculated that funds may be shifting from equities into digital assets, supporting the ongoing upswing in crypto valuations.
US President Donald Trump indicated interest in significant government Bitcoin purchases during a White House event with industry leaders, reportedly energizing crypto investor sentiment.
In such a market environment, where a single Federal Reserve announcement or an unexpected altcoin listing can trigger dramatic moves in seconds, efficiency in monitoring assets becomes crucial. Many investors now turn to privacy-focused solutions like CryptoAppsy, which provide integrated real-time charts, price alerts, coin-specific news, and essential macroeconomic indicators—without requiring registration or multiple applications—consolidating vital tools on a single platform.
Prospects for a continued bull runSince late 2025, cryptocurrency prices have remained highly volatile. Both Bitcoin and Ethereum reached record highs in 2025 but underwent notable corrections during 2026. These fluctuations have aligned with overall market cycles.
Historically, Bitcoin has established new peaks every four years, notably in 2017, 2021, and 2025. Market analysts anticipate another all-time high in 2029. The upward trajectory leading to this next milestone may commence in late 2026 or 2027, following established patterns of recovery and expansion. Ethereum’s recent rally appears to mirror this historical narrative.
The cryptocurrency market remains in line with established four-year cycles, with expectations for a new Bitcoin peak in 2029 after past highs in 2017, 2021, and 2025. The current uptrend could mark the beginning of this next phase.
Despite the current rally, analysts caution about a range of macroeconomic risks. Ongoing geopolitical tensions, particularly the US-Iran conflict, may contribute to increasing oil prices and heightened inflation. Should these factors prompt the Federal Reserve to increase interest rates, both Ethereum and the broader cryptocurrency market could encounter renewed selling pressure and a potential correction.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
As Bitcoin surges past $71,000, the $220 million worth of BTC and ETH held by the entity "Set 10 Big Goals First" has posted an unrealized loss of over $4.2 million. Specifically for Bitcoin: the entity holds 4x leveraged short positions totaling 2,236.384 BTC, with an entry price of $69,826.87, translating to an unrealized loss of roughly $3.52 million. For Ethereum (ETH): it holds 6x leveraged short positions totaling 29,316.677 ETH, with an entry price of $2,254.74, resulting in an unrealized loss of approximately $750,000.
Relevant content
Whale "First Set 10 Big Goals" has liquidated $222 million worth of Bitcoin (BTC) and Ethereum (ETH) short positions, incurring a loss of $6.283 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), the trading account "10 Big Goals First" has fully closed all its short positions in BTC and ETH worth $222 million via stop-loss orders, taking a loss of $6.283 million. The account made $13.04 million from long positions yesterday, but today's short trades erased $6.28 million of those gains, resulting in a net profit of $6.76 million for this round of long-short trading.
5 minutes ago
Yilihua: Bitcoin’s strong rebound breaking through $68,000 may signal the end of the crypto bear market cycle.
Liquid Capital (formerly LD Capital) founder Yili Hua wrote in an article that he had repeatedly emphasized earlier that July to August could be the final bottom-hunting window. Based on Bitcoin’s historical decline patterns, after the end of the previous rally and the third stage of decline, BTC has rebounded strongly to break through the $68,000 mark, which may signal the end of the crypto market’s bear cycle. Investors should not attempt to catch the exact bottom at a specific price point, nor should they try to short in the bottom range. He noted that the two most noteworthy things moving forward are: how to operate in the new bull cycle to maximize returns, and seizing development opportunities in the AI sector at other times.
5 minutes ago
The whale codenamed "Set 10 Big Goals First" has liquidated BTC and ETH short positions worth $222 million, incurring a loss of $6.283 million.
According to on-chain analyst Ai Yi (handle @ai_9684xtpa), the trading account "First Set 10 Big Goals" has fully closed all its BTC and ETH short positions worth $222 million via stop-loss, incurring a loss of $6.283 million. Long positions opened yesterday generated a profit of $13.04 million, while today’s short positions gave back $6.28 million in profits, resulting in a net profit of $6.76 million for this round of long-short trades.
5 minutes ago
Bitcoin surges past $72,000, notching an 11.8% 24-hour gain.
According to HTX market data, Bitcoin has broken through the $72,000 mark, with a 11.8% increase in the past 24 hours.
5 minutes ago
In just the past 30 minutes, two wallets were liquidated for a total of $45.77M. 0x50b3 had 281 $BTC ($20.12M) liquid...
In just the past 30 minutes, two wallets were liquidated for a total of $45.77M. 0x50b3 had 281 $BTC ($20.12M) liquidated. 0x66f8 had 240 $BTC ($17.15M) and 3,738 $ETH ($8.5M) liquidated.
5 minutes ago
US media: The US side believes Iran-UAE talks broke down weeks ago.
According to U.S. financial media outlet Semafor, U.S. President Donald Trump’s latest move to avoid escalating military actions against Iran comes as Washington views talks between Iran and Oman—previously seen as a rare, productive negotiation channel—as deadlocked. A U.S. official and a White House official stated that the U.S. government believes the Iran-Oman talks collapsed several weeks ago. The talks had raised the possibility of a toll agreement for the Strait of Hormuz, a development that frustrated Trump. The Omani Embassy did not respond to the U.S.’s assessment of its negotiations. However, Trump still describes the situation with Iran as “very good” and remains optimistic that economic pressure can force Tehran to return to the negotiating table, even though he has halted future talks for the foreseeable future. Last night, Trump posted on social media threatening to launch an “economic war” against Iran, saying the U.S. will impose sanctions on any country that does business with Tehran. (Jin10)
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Due to ETH's abrupt breakout, which resulted in nearly $3 billion in cryptocurrency liquidations and heavily penalized short positions, one of Ethereum's most prosperous high-leverage traders experienced a severe reversal.
History doesn't guarantee the futureDuring the trade, the trader known as pension-usdt.eth reportedly lost about $49 million, ending an incredible 23-trade winning streak. The account's reputation was largely established through its successful shorting of Ethereum, so the most recent loss was especially noteworthy: when ETH suddenly moved against it, the same strategy that had produced frequent wins became very costly.
ETH/USDT Chart by TradingViewOver 172,000 traders were impacted by the $2.99 billion in leveraged positions that were liquidated throughout the cryptocurrency market in a single day. In contrast to the $256.5 million in long liquidations, shorts accounted for approximately $2.74 billion.
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This indicates that traders who were positioned for lower prices accounted for more than 91% of the liquidated capital. Second only to Bitcoin at $1.42 billion, Ethereum alone accounted for about $1.13 billion in liquidations. The scale can be explained by the violent price action of ETH.
Solid reversalEthereum formed a massive daily candle and a remarkable volume spike when it surged from the region below $2,000 and momentarily broke above $2,300. Additionally, the move sent the daily RSI above 80, putting ETH firmly in overbought territory, indicating incredibly strong short-term momentum.
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More significantly, ETH overcame a number of technical obstacles nearly simultaneously. The asset broke above the major long-term moving average around $2,125 after reclaiming the moving averages around $1,875 and $1,935.
As leveraged shorts hit their liquidation thresholds, this likely accelerated forced buying. The pension-usdt.eth loss illustrates the risk of extending even a remarkable trading record indefinitely. While a 23-win run can yield significant profits, leveraged short positions carry asymmetric risk during sudden upside repricing.
Ethereum is currently trading at about $2,250 following the surge. Maintaining the technical significance of the breakout would require holding above roughly $2,125. Even though the market's structure has significantly improved, short-term volatility and a possible cooldown remain significant risks, with the RSI above 80 after such an aggressive liquidation-driven move.
US-based spot Ethereum ETFs experienced strong investor demand on August 19th. According to the latest data, a total net capital inflow of approximately $517.2 million was recorded in spot Ethereum ETFs. This marks the highest single-day net inflow into Ethereum ETFs in the last nine months.
BlackRock’s Ethereum ETF, ETHA, stood out in terms of capital inflow. The fund recorded a net inflow of approximately $122.12 million. Fidelity’s FETH product came in second with an inflow of $36.54 million.
BlackRock’s staking-enabled ETHB fund received $9.71 million in capital injections, while Morgan Stanley’s MSSE product received $2.25 million. Franklin Templeton’s EZET fund recorded inflows of approximately $790,000, and Grayscale’s ETHE fund received $1.69 million in investment.
Grayscale’s Mini ETH ETF also contributed to the total daily inflows. The product saw a net capital inflow of approximately $16.04 million.
The strong capital inflow seen in Ethereum ETFs indicates a renewed institutional interest in the second-largest crypto asset. The recording of the highest daily net inflow in nine months, in particular, shows that spot ETF products have become a significant capital channel in the Ethereum market.
Demand for ETFs is closely monitored in terms of its impact on the direction of the Ethereum price. Institutional capital flowing in through spot ETFs can directly or indirectly support demand in the Ethereum market, while high inflows are seen as an indicator of increased investor confidence.
Market attention is now focused on whether ETF inflows will be sustainable in the coming days. Experts say that the continuity of total net inflows will be critical to assessing whether the strong inflows of the past few days are forming a lasting trend.
*This is not investment advice.
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GnosisDAO approved Gnosis Chain’s transition from a standalone layer-1 network to a ZK-proven Ethereum Economic Zone (EEZ) rollup.
GIP-153 received 123,158 GNO in support, 115 against and 151 abstaining across 54 voters, Gnosis Chain said in an X post. Turnout reached 123,425 GNO, exceeding the 75,000 quorum.
Under the proposal, Gnosis Chain’s validator set would be retired and the network would settle transactions on Ethereum, making Gnosis Chain a layer-2 (L2) that relies on Ethereum’s validators for settlement.
An initial launch is targeted for late 2026 or early 2027, subject to the required EEZ technology being ready.
The update would enable Gnosis Chain-native smart contracts to call Ethereum and use the result in the same transaction, giving it access to Ethereum mainnet assets and liquidity in an environment “optimized” for consumers, a capability the proposal says is not currently available on existing L2s.
Gnosis Chain to become first production EEZ instanceThe EEZ is a framework for building Ethereum-aligned rollups, developed by Gnosis and ZisK, with funding from the Ethereum Foundation.
The initiative aims to unify Ethereum’s fragmented L2 ecosystem by enabling smart contracts across different rollups to execute synchronously without relying on bridges. It targets one of Ethereum’s main scaling trade-offs: improved throughput from dozens of L2 networks, which separate liquidity, infrastructure, and user activity across separate blockchains.
Gnosis Chain would become its first deployed instance while retaining its existing applications, balances and xDAI gas token.
Ethereum co-founder Vitalik Buterin previously raised concerns about the centralized sequencers and trusted bridging mechanisms as potential weak points in the design of some L2 networks. “The original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path,” Buterin wrote in a Feb. 3 X post.
According to data from L2Beat, 22 Ethereum rollups currently secure $27.82 billion. Including validiums, optimiums and other scaling networks, the platform tracks $34.88 billion in total value secured.
EEZ could reduce reliance on vulnerable infrastructure: Standard CharteredEEZ could reduce reliance on blockchain bridges and increase activity within the Ethereum ecosystem, according to Geoffrey Kendrick, global head of digital assets research at Standard Chartered.
“The EEZ will have the benefit of reducing the need for bridges (where hacks tend to occur) and increasing the usability of assets in EVM chains,” he wrote in a May 28 report shared with Cointelegraph.
“Both of these are likely to lead to greater activity in the Ethereum ecosystem.” Kendrick said the EEZ could create greater composability between assets, allowing smart contracts on different participating networks to interact within the same transaction.
Magazine: Ethereum’s EEZ could pull other blockchains into its orbit
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
GnosisDAO approved Gnosis Chain’s transition from a standalone layer-1 network to a ZK-proven Ethereum Economic Zone (EEZ) rollup.
GIP-153 received 123,158 GNO in support, 115 against and 151 abstaining across 54 voters, Gnosis Chain said in an X post. Turnout reached 123,425 GNO, exceeding the 75,000 quorum.
Under the proposal, Gnosis Chain’s validator set would be retired and the network would settle transactions on Ethereum, making Gnosis Chain a layer-2 (L2) that relies on Ethereum’s validators for settlement.
An initial launch is targeted for late 2026 or early 2027, subject to the required EEZ technology being ready.
The update would enable Gnosis Chain-native smart contracts to call Ethereum and use the result in the same transaction, giving it access to Ethereum mainnet assets and liquidity in an environment “optimized” for consumers, a capability the proposal says is not currently available on existing L2s.
Gnosis Chain to become first production EEZ instanceThe EEZ is a framework for building Ethereum-aligned rollups, developed by Gnosis and ZisK, with funding from the Ethereum Foundation.
The initiative aims to unify Ethereum’s fragmented L2 ecosystem by enabling smart contracts across different rollups to execute synchronously without relying on bridges. It targets one of Ethereum’s main scaling trade-offs: improved throughput from dozens of L2 networks, which separate liquidity, infrastructure, and user activity across separate blockchains.
Gnosis Chain would become its first deployed instance while retaining its existing applications, balances and xDAI gas token.
Ethereum co-founder Vitalik Buterin previously raised concerns about the centralized sequencers and trusted bridging mechanisms as potential weak points in the design of some L2 networks. “The original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path,” Buterin wrote in a Feb. 3 X post.
According to data from L2Beat, 22 Ethereum rollups currently secure $27.82 billion. Including validiums, optimiums and other scaling networks, the platform tracks $34.88 billion in total value secured.
EEZ could reduce reliance on vulnerable infrastructure: Standard CharteredEEZ could reduce reliance on blockchain bridges and increase activity within the Ethereum ecosystem, according to Geoffrey Kendrick, global head of digital assets research at Standard Chartered.
“The EEZ will have the benefit of reducing the need for bridges (where hacks tend to occur) and increasing the usability of assets in EVM chains,” he wrote in a May 28 report shared with Cointelegraph.
“Both of these are likely to lead to greater activity in the Ethereum ecosystem.” Kendrick said the EEZ could create greater composability between assets, allowing smart contracts on different participating networks to interact within the same transaction.
Magazine: Ethereum’s EEZ could pull other blockchains into its orbit
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The crypto market has just received a powerful boost. On August 19, 2026, the U.S. Treasury announced the doubling of its bond buybacks, triggering an immediate reaction in cryptos. Ethereum has crossed key technical thresholds, while altcoins followed in a significant movement fueled by the liquidation of short positions. After several months of sluggishness, this liquidity injection changes market dynamics. The question remains whether this awakening marks the start of a new bullish phase or merely a temporary surge driven by macroeconomics.
In Brief The US Treasury doubles its bond buybacks to $4 billion and injects a wave of liquidity into the markets. The market’s second-largest crypto jumps nearly 10% to reach a high of $2,112, ending two months of lethargy. The rise pushes the altcoins’ market cap above $1 trillion and triggers $1.3 billion in short position liquidations on Bitcoin. ZEC soars 9% to reach $557, followed by strong gains on Solana, XRP, and Stellar. Ethereum’s surge and the U.S. macroeconomic catalyst Summer lethargy shattered under the pressure of a major policy decision made in Washington. The U.S. Department of the Treasury took the market by surprise by announcing the doubling of its bond buyback program, raising the total amount to $4 billion. Thus, Ethereum (ETH), the second-largest crypto by market value, went back above the psychological $2,000 mark for the first time in over two months.
The token surged nearly 10%, reaching an intraday high of $2,112 before entering a consolidation phase just below $2,090. This sudden impulse, created by the announcement, sharply contrasts with the stagnation observed since August 8, during which the price remained stuck below $1,900, except for rare and brief bullish attempts.
This price jump mechanically reshuffled global valuations, demonstrating a massive resurgence of risk-taking by investors. Within a few hours, Ethereum’s market capitalization rose from less than $230 billion to over $251 billion.
Meanwhile, Bitcoin’s price flirted with the symbolic $70,000 mark, stopping at $69,749, driven by a wave of forced short position liquidations amounting to $1.3 billion. This combined rise of the two sector pillars also allowed the total altcoin market capitalization to surpass the $1 trillion level again for the first time in nearly a month, confirming a massive influx of fresh capital.
Several major financial metrics illustrate the magnitude of this market movement :
$2,112 : the intraday high reached by Ethereum after nearly a 10% increase ; $251 billion : the new market cap of ETH, up from its initial $230 billion ; $1.3 billion : total forced liquidations of short positions on Bitcoin during its rise to $69,749 ; $1 trillion : the key threshold surpassed again by the global market capitalization of altcoins. Capital rotation and the awakening of alternative tokens Beyond the surge of the two sector leaders, this liquidity shock triggered an immediate rotation towards higher beta assets, with Zcash (ZEC) emerging as the day’s big winner. The privacy-focused token jumped from just over $503 to a high of $557, marking a 9% gain almost entirely within an hour.
This movement brought its market cap to $9.3 billion, allowing it to widen the gap over its direct competitor Monero (XMR), which fell by 0.9%. The green wave also swept other major projects such as Solana (SOL), XRP, and HYPE, all posting gains above 6%, while Stellar (XLM) advanced 7.5%.
Only a few rare cryptos remained on the sidelines of this widespread movement, such as LEO, down 2%, or TRON (TRX), retreating moderately by 0.7%. This heterogeneous behavior shows that investors are not blindly seeking risk but are conducting rigorous selection by reallocating liquidity primarily to tokens that suffered prolonged undervaluation.
Technical analysis and scenarios for the next phase of the cycle Examining this renewed market structure, Michaël van de Poppe, CIO and founder of MN Fund, described Ethereum’s recent trajectory as a “phenomenal breakout”. The analyst believes the movement should not fade in the short term, while favoring a transitional accumulation phase: “I don’t think the movement is going to lose steam, not at all, but after such a surge, I would much prefer to see it consolidate a bit”.
He specifies being on the lookout for buying opportunities on pullbacks and sets precise targets if the key support holds: “As long as the price stays above $2,000, the market should expect a continuation towards $2,250, then a high of $2,465, with the $2,900 zone as a potential target”.
Observing the crossing of these critical price levels, it is important to emphasize that the sustainability of this movement will rely on buyers’ ability to maintain the structure above the $2,000 support. While the reaction to U.S. monetary policy announcements provided the initial catalyst, confirming a genuine cycle change will depend on consolidating volumes in altcoins in the coming sessions. As Michaël van de Poppe summarizes to seal the technical analysis of this close: “If we record a higher high, the bear market is indeed over”.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Whale codenamed "First Set 10 Big Goals" has once again cut losses by significantly reducing its short positions in Bitcoin (BTC) and Ethereum (ETH). The cumulative reduction amounts to 1,169.625 BTC and 24,684.515 ETH. The whale currently holds 1,066.759 BTC and 4,632.162 ETH, with the remaining positions still carrying unrealized losses exceeding $1.9 million.
Relevant content
Whale "First Set 10 Big Goals" has liquidated $222 million worth of Bitcoin (BTC) and Ethereum (ETH) short positions, incurring a loss of $6.283 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), the trading account "10 Big Goals First" has fully closed all its short positions in BTC and ETH worth $222 million via stop-loss orders, taking a loss of $6.283 million. The account made $13.04 million from long positions yesterday, but today's short trades erased $6.28 million of those gains, resulting in a net profit of $6.76 million for this round of long-short trading.
5 minutes ago
Yilihua: Bitcoin’s strong rebound breaking through $68,000 may signal the end of the crypto bear market cycle.
Liquid Capital (formerly LD Capital) founder Yili Hua wrote in an article that he had repeatedly emphasized earlier that July to August could be the final bottom-hunting window. Based on Bitcoin’s historical decline patterns, after the end of the previous rally and the third stage of decline, BTC has rebounded strongly to break through the $68,000 mark, which may signal the end of the crypto market’s bear cycle. Investors should not attempt to catch the exact bottom at a specific price point, nor should they try to short in the bottom range. He noted that the two most noteworthy things moving forward are: how to operate in the new bull cycle to maximize returns, and seizing development opportunities in the AI sector at other times.
5 minutes ago
The whale codenamed "Set 10 Big Goals First" has liquidated BTC and ETH short positions worth $222 million, incurring a loss of $6.283 million.
According to on-chain analyst Ai Yi (handle @ai_9684xtpa), the trading account "First Set 10 Big Goals" has fully closed all its BTC and ETH short positions worth $222 million via stop-loss, incurring a loss of $6.283 million. Long positions opened yesterday generated a profit of $13.04 million, while today’s short positions gave back $6.28 million in profits, resulting in a net profit of $6.76 million for this round of long-short trades.
5 minutes ago
Bitcoin surges past $72,000, notching an 11.8% 24-hour gain.
According to HTX market data, Bitcoin has broken through the $72,000 mark, with a 11.8% increase in the past 24 hours.
5 minutes ago
In just the past 30 minutes, two wallets were liquidated for a total of $45.77M. 0x50b3 had 281 $BTC ($20.12M) liquid...
In just the past 30 minutes, two wallets were liquidated for a total of $45.77M. 0x50b3 had 281 $BTC ($20.12M) liquidated. 0x66f8 had 240 $BTC ($17.15M) and 3,738 $ETH ($8.5M) liquidated.
5 minutes ago
US media: The US side believes Iran-UAE talks broke down weeks ago.
According to U.S. financial media outlet Semafor, U.S. President Donald Trump’s latest move to avoid escalating military actions against Iran comes as Washington views talks between Iran and Oman—previously seen as a rare, productive negotiation channel—as deadlocked. A U.S. official and a White House official stated that the U.S. government believes the Iran-Oman talks collapsed several weeks ago. The talks had raised the possibility of a toll agreement for the Strait of Hormuz, a development that frustrated Trump. The Omani Embassy did not respond to the U.S.’s assessment of its negotiations. However, Trump still describes the situation with Iran as “very good” and remains optimistic that economic pressure can force Tehran to return to the negotiating table, even though he has halted future talks for the foreseeable future. Last night, Trump posted on social media threatening to launch an “economic war” against Iran, saying the U.S. will impose sanctions on any country that does business with Tehran. (Jin10)
TLDR ETH surged 18% in 24 hours, pushing its weekly gain to 19.65% Trading volume jumped 402% as price broke above $2,003 resistance RSI spiked to 92.14, signaling overbought conditions after the fast move Key resistance sits between $2,431 and $2,500, with $2,636 as the next target Two Hyperliquid whales hold $98 million in ETH shorts, with a liquidation level near $2,273 Ethereum jumped 18% in the past 24 hours. The move pushed ETH out of a five-week consolidation range.
Weekly gains for ETH now sit near 19.65%. The price cleared $2,003 resistance and reached a high of $2,252.80.
Trading volume jumped 402% during the move. Higher volume often confirms buyer interest during a breakout.
The RSI climbed to 92.14. That reading points to overbought conditions after the fast price increase.
The MACD indicator also rose sharply. It supported the move into a wider trading range for ETH.
Traders are watching $2,003 as a support level. Holding above this price would keep the new structure intact.
A drop back below $2,003 would put ETH back inside its old range. That would weaken the case for a lasting breakout.
Ethereum Price on CoinGecko Next Resistance Sits Near $2,500 ETH is now testing the $2,431 to $2,500 zone. This area held as a high-volume swing high earlier this year.
Sellers who traded in this zone before could return as price nears it again. Sustained volume will be needed to push through.
A gradual pullback in RSI toward 60-70 would ease overbought conditions. This could happen while ETH still forms higher lows.
If buyers clear the $2,500 zone, the next target becomes $2,636. That level marks a prior support-to-resistance shift.
Repeated failure to clear $2,431-$2,500 would show that the rally has met real resistance.
Whales Hold $98 Million in Short Positions Ethereum’s hourly taker buy volume hit $2.55 billion on August 19. That was the third-highest hourly reading since February 7.
Large buy orders like these use up available sell liquidity. It shows buyers accepted higher prices to get filled.
On-chain analyst Lookonchain reported that two Hyperliquid whales hold combined ETH shorts of 50,838 ETH. That position is worth close to $98 million at current prices, based on data the analyst shared on X.
One of the liquidation levels for these shorts sits near $2,273. That price sits directly inside ETH’s current advance.
If ETH keeps climbing, forced closures of these short positions could add to buying pressure. If sellers absorb the buying instead, the rally could lose steam.
Crypto is moving higher today as Bitcoin reclaimed $71,589, helped by improving liquidity expectations, ETF demand, Treasury buyback activity and heavy short liquidations. The move is creating a stronger risk-on backdrop for altcoins, with traders rotating toward projects that already have strong narratives or have lagged the market.
The following list focuses on coins with strong fundamentals, sector leadership, recovery potential, and catalysts that could extend the current move.
1. Hyperliquid (HYPE) HYPE stands out because Hyperliquid is a leading decentralized perpetuals exchange with strong trading activity and revenue. Continued growth in trading could support demand for the token. HYPE jumped 20% after Trump said plans are underway to bring Hyperliquid to the U.S. legally and compliantly, pushing the token from around $62 to as high as $72.
2. Ethereum (ETH)The second largest crypto ETH remains the biggest altcoin and usually sets the tone for the wider market. ETH has jumped around 18% in 24 hours, outperforming Bitcoin during this broader crypto rally. A stronger ETH rally could give other altcoins more room to rise.
3. Arbitrum (ARB)Arbitrum is one of Ethereum’s biggest Layer-2 networks. If ETH continues to rise, Arbitrum could benefit from increased activity and liquidity. ARB is still down about 96% from its $2.39 all-time high, while its network has $1.48B in perpetual volume and 100+ Orbit chains, giving the token potential for a recovery.
4. Worldcoin (WLD)WLD is gaining attention again in 2026, helped by renewed interest in AI, digital identity and its broader Web2 connections.
5. Mantle (MNT)Mantle has a large treasury and is expanding into real-world assets (RWA), giving MNT exposure to one of crypto’s growing institutional themes.
6. Lighter (LIT)Lighter is gaining traction in decentralized perpetual trading. Continued growth in the perp-DEX sector could support LIT.
7. Injective (INJ)INJ remains well below its previous high and focuses heavily on financial applications. A broader altcoin recovery could give it significant upside.
8. Stellar (XLM)Stellar focuses on payments and stablecoins, giving XLM a strong real-world use case if blockchain-based payments continue to grow.
9. NEAR Protocol (NEAR)NEAR has a strong position in the AI and blockchain space. Growing interest in AI agents and cross-chain applications could benefit the network.
10. RE Protocol (RE)RE is a newer RWA-focused project that has not yet seen a major altcoin rally. If RWA becomes a leading narrative, smaller projects could attract more attention.
11. Zebec Network (ZBCN)Zebec has maintained interest despite weak market conditions and focuses on payments and financial infrastructure, giving it room to benefit if liquidity returns.
12. Pendle (PENDLE) Pendle is a major DeFi yield platform. Its exposure to yield trading, stablecoins, RWA and on-chain finance gives it several potential growth narratives.
13. Telcoin (TEL)TEL has a relatively small market cap and focuses on payments and remittances. A return of liquidity to smaller-cap tokens could create larger price moves.
14. Zama (ZAMA)Zama is a newer privacy-focused project. Its focus on confidential blockchain applications gives it exposure to the growing demand for on-chain privacy.
15. CashCatCashCat is the high-risk memecoin play. Its potential upside mainly depends on strong community interest, hype and continued meme-coin momentum.
16. BIO Protocol (BIO)BIO focuses on DeSci, connecting blockchain with scientific research and funding. After a major decline from its launch, a return of interest in DeSci could create a strong recovery opportunity.
Story Ends Here
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Leading cryptocurrencies jumped to their multi-month highs on Wednesday as investors parsed CLARITY Act optimism and other macro developments.
Crypto Market ExplodesBitcoin surged nearly 8% to touch $70,000, reaching its highest level since early June. Trading volume erupted 161% over the last 24 hours, indicating high buying pressure.
Ethereum soared to levels not seen since May 12, while trading volume exploded by 346%. XRP and Dogecoin also recorded sharp spikes.
Cryptocurrency-related stocks also soared, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 12.68% and 10.72%, respectively.
Growing optimism around a September passage of the CLARITY Act lifted the market and cryptocurrency-adjacent equities
Nearly $3 billion was liquidated from the cryptocurrency market in the last 24 hours, with $2.74 billion in bearish short positions alone wiped out, according to Coinglass data. It was the largest single-day short liquidation event in Bitcoin’s history.
Bitcoin’s open interest jumped 5.41% over the last 24 hours. That said, sentiment among BTC’s retail and whale derivatives traders flipped from “Bullish” to “Neutral.”
"Greed" sentiment took over the market, according to the Crypto Fear & Greed Index.
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The global cryptocurrency market capitalization surged 7.54% over the last 24 hours to $2.37 trillion.
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Stocks Snap Losing RunStocks rebounded sharply on Wednesday. The Dow Jones Industrial Average rallied 119.65 points, or 0.22%, to close at 53,463.05. The S&P 500 climbed 0.21% to end at 7,707.98, while the tech-focused Nasdaq Composite lifted 0.16% to settle at 26,331.09.
The Treasury said it will increase liquidity support buyback operations for longer-dated bonds from a maximum of $2 billion per operation to at least $4 billion per operation.
‘It’s Just a First Start’Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, said that the cryptocurrency market is waking up massively, with Bitcoin leading gains, Ethereum showing strength and Solana following closely.
“More Altcoins will start to follow through as confidence comes in and liquidity rotates from Bitcoin towards assets that deserve attention,” Van De Poppe projected.
On-chain analytics firm CryptoQuant noted that Bitcoin’s spot and futures demand have both returned to positive territory for the first time in months
CryptoQuant said that through April and May, only futures demand rose while spot demand “stayed underwater.”
“This time spot is participating. That is the difference,” the firm added. “Leverage can move price. It cannot hold it.”
PANews reported on August 20, according to CryptoSlate, Nasdaq-listed AIxCrypto Holdings plans to exit its crypto asset holdings in an orderly manner and shift to a robot rental business. As of June 30, the company held 46 Bitcoin, 616 Ethereum, 6,659 Solana, 1,308 BNB, and small amounts of ADA, LINK, TRX, USDT and XRP, with a total cost basis of $10.43 million and a fair value of $5.21 million.
In the first half of the year, the company's operating cash burn was $7.94 million, cumulative losses reached $150.3 million, quarter-end cash was only $577,000, and it made no crypto purchases or sales in the second quarter. The company warned that volatility, market depth, and custody restrictions could cause the actual liquidation value to be significantly lower than book value. Its robot rental business RoboShare has completed one paid order, but did not disclose specific financial details.
The crypto market is rising today with Bitcoin moving sharply higher and Ethereum gaining around 20% in a day. Solana is also performing well. However, many other altcoins have gained only around 5%-7% and some remain near their lows.
U.S. spot Bitcoin ETFs have recorded buying for three straight day. More than 8,000 BTC were reportedly purchased through the ETFs in the latest session, with BlackRock alone buying more than 4,000 BTC. This buying helped push Bitcoin from around $64,000 toward $70,000.
The rally was initially driven by a sharp wave of short liquidations, while new U.S. Treasury measures and fresh political support for the crypto industry added to bullish sentiment.
Top Reasons Why Crypto Market is Surging TodayBitcoin Rally Triggers $1.2 Billion in Short LiquidationsBitcoin rose more than 8% after about $1.2 billion worth of short positions were liquidated within an hour. Short sellers betting on lower prices were forced to close their positions as Bitcoin moved higher, adding further buying pressure. The move helped push Bitcoin to its highest level since June 2 and eventually above $70,000.
The market is now watching trading volume closely. Higher volume has accompanied the rally, although selling pressure remains visible around current levels.
U.S. Treasury Boosts Bond BuybacksAnother major factor behind the move is the U.S. Treasury’s decision to increase its planned purchases of long-term government debt.
The Treasury plans to raise monthly buybacks from $2 billion to at least $4 billion. The purchases are designed to improve liquidity in U.S. government bonds with maturities of 10 to 30 years, as total U.S. debt approaches $40 trillion.
The program begins September 9 and runs through November 4. While it is not the same as the Federal Reserve launching a large-scale money-printing program, the move is expected to provide support to the bond market and ease pressure on long-term yields.
That matters for crypto because easier financial conditions can encourage investors to move into riskier assets such as Bitcoin and other cryptocurrencies.
Trump Signals Continued Support for CryptoThe rally also comes as President Donald Trump met with major crypto executives at a White House summit.
Trump was asked whether his administration plans to build sizable Bitcoin or other crypto holdings. He said the idea has been discussed and that he would consider recommendations from his advisers.
However, the comments do not represent a confirmed plan for the U.S. government to buy large amounts of Bitcoin.
Trump and Coinbase CEO Brian Armstrong also called for Congress to pass the Clarity Act. Armstrong said a key vote is expected on September 15 and argued that the legislation would make recent crypto policy changes more permanent.
Hyperliquid and Injective Add to Altcoin StrengthSeveral altcoins are also gaining on their own developments.
Hyperliquid’s HYPE token jumped about 11% after Trump said the administration is working to bring Hyperliquid into the U.S. in a legal and compliant way.
Injective also received SEC registration for its transfer-agent services through an affiliated entity. The registration allows the entity to maintain securities ownership records and supports Injective’s wider push into tokenized assets.
Tokenization was another major theme at the summit. Chainlink co-founder Sergey Nazarov said stablecoin use and the tokenization of U.S. assets are expanding, while Robinhood CEO Vlad Tenev said tokenized stocks could become a major part of the future financial system.
Robinhood’s blockchain already offers tokenized exposure to U.S. stocks, with the number of available stock tokens increasing from 90 to 190. These assets can trade around the clock and are available to users in more than 120 countries.
What Comes Next for Crypto Prices?Bitcoin’s move above $70,000 is a positive development, but it does not guarantee that the market has entered a sustained bull run. The key levels are now $73,000-$75,000, followed by $80,000-$82,000. Ethereum needs to clear $2,400-$2,500 to strengthen its recovery.
Traders will also watch Bitcoin ETF flows, spot-market volume, miner selling, inflation data and the Federal Reserve’s September decision.
After a sharp move, a 2%-5% correction would not be unusual, while larger gains in Bitcoin and Ethereum could also attract profit-taking.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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Bitcoin (CRYPTO: BTC) jumped 6% after the US Treasury announced it would double its long-term bond buyback operations, sending gold surging and crypto sharply higher across the board.
What the Treasury Actually AnnouncedAccording to a Treasury press release, the department will increase liquidity support buyback operations for longer-dated nominal coupon securities from a maximum of $2 billion per operation to at least $4 billion per operation.
The change takes effect September 9 and runs through November 4, 2026.
The announcement sent markets sharply higher within hours. Bitcoin (CRYPTO: BTC) jumped 6%, Ethereum (CRYPTO: ETH) surged 8%, Solana (CRYPTO: SOL) spiked 7%, and XRP (CRYPTO: XRP) gained 4% on the session.
Why Schiff Says This Sends Inflation HigherPeter Schiff posted on X that the Treasury is stepping in to buy long-term bonds that private investors no longer want, with the money to fund those purchases ultimately created by the Fed.
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“That’s why gold is already up $125 on the news,” Schiff wrote.
In a follow-up post, Schiff added that funding the buybacks through short-term debt issuance makes it harder for the Fed to raise rates, since it drives up federal interest expense and widens the deficit.
The result, he argued, is growing pressure for rate cuts and quantitative easing even as inflation rises.
Why Is Crypto Rallying on the News?According to Reuters, the Treasury announcement knocked 30-year yields sharply lower from near 19-year highs while the dollar index fell 0.8%.
Gold surged 3.5% to $4,487 per ounce, its highest level since June 4, as markets immediately priced in the liquidity signal.
Falling yields and a weaker dollar have historically pushed capital into hard assets and risk assets like crypto.
Traders are reading the buyback program as QE Lite, a sign that the Fed’s ability to keep tightening is now constrained, the same backdrop that fueled Bitcoin’s biggest prior rallies.
TD Securities wrote in a note cited by Reuters that Treasury liquidity support, a Fed willing to look through an energy shock, and a growing stagflation narrative should all push real rates lower, a setup that favors gold and crypto alike.
Where Bitcoin Stands TechnicallyBTC blasts to $68,500 Wednesday, clearing the descending trendline, and the three-month range ceiling in a single session.
The 20-day and 50-day EMAs now sit firmly below as rising support. The next meaningful ceiling is the 200-day EMA at $71,468.
Key levels for BTC: $65,800 — prior resistance, must hold as new support $71,468 — 200-day EMA, next upside target Photo via Shutterstock
Crypto prices are jumping across the board today, with Bitcoin, Ethereum, and XRP all posting solid gains. Here’s what’s actually driving the move.
Bitcoin Just Had a Wild Hour
Bitcoin briefly hit $69,700 today, its highest price in over two months overall, currently trading near $68,600, up 2.5% over the past 24 hours. The move happened fast. Bitcoin jumped more than $4,400 in just 50 minutes, and that speed wasn’t an accident.
Over $1 billion worth of short positions were liquidated in just 60 minutes now. In simple terms, a lot of traders had bet that Bitcoin’s price would fall. When it shot up instead, those bets were automatically closed out, forcing those traders to buy back Bitcoin at a loss, which pushed the price even higher in the process.
Ethereum and XRP Are Riding the Same Wave
Ethereum is up nearly 4% today, trading around $2,085, while XRP has climbed 3.5% to $1.07. Solana is up even more, gaining 6% and trading near $82.
None of these moves are happening in isolation. When Bitcoin makes a fast, sharp move like today’s, most other major cryptocurrencies tend to follow along, since a lot of trading activity across the market is connected.
Money Is Flowing Back Into Crypto ETFs
Investor demand through regulated funds also picked back up. Together, Bitcoin and Ethereum ETFs pulled in $261.8 million in inflows Monday, marking a second straight day of inflows that have now more than made up for money that left the market on August 13 and 14.
BlackRock’s Bitcoin fund, IBIT, led the way with $143.6 million in new money, while its Ethereum fund, ETHA, brought in an additional $64.7 million. When big funds like these see steady buying, it’s often read as a sign that larger, more cautious investors are feeling more comfortable stepping back in.
A Bigger Story in Bonds Might Be Helping Too
Something happening far outside crypto may also be playing a role. The US Treasury will double its bond buybacks starting September 9, per reports, moving from $2 billion to $4 billion per operation. That announcement alone caused long-term bond yields to drop sharply, with the 30-year yield falling from 5.337% to 5.187% and the 10-year dropping from 4.748% to 4.637%.
Lower bond yields often make riskier assets like crypto and stocks look more attractive by comparison, since safer investments like bonds are now paying out less. Gold has reacted to the same news too, jumping to an 11-week high near $4,500.
Put together, a mix of forced short-covering, renewed ETF demand, and a bond market shift all landing at once appears to be behind today’s broad crypto rally.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Crypto Prices surged Wednesday as improving liquidity conditions triggered broad gains across digital assets. Bitcoin crossed $68,000, while Ethereum reclaimed the $2,000 level during United States trading.
Meanwhile, the Treasury bond buybacks were a boost to risk appetite, following a recent spike in the long bond’s interest rate to multiyear highs. The move was fueled by hefty short liquidation. There was also regulatory optimism and the inflow of cryptocurrency ETFs that offered much-needed support in the recovering crypto market.
Crypto Prices Surge as Treasury Buybacks Boost Risk Appetite Treasury Secretary Scott Bessent doubled planned bond buybacks, easing concerns surrounding liquidity within the enormous United States government debt market.
Investors saw the move as a potential financial insurance policy and it boosted fresh interest in cryptocurrencies and other risk assets. The 30-year Treasury yield then eased back from a 19-year high to 5.187%, buoying confidence throughout speculative markets.
The precious metals also surged higher in the liquidity-driven move, as well. Gold rose by 3.08% and $934 billion, and silver rose by 3.86% and $136 billion.
$1.2 trillion has been added to precious metals and crypto in the last 3 hours.
Gold up +3.08%, adding $934 billion.
Silver up +3.86%, adding $136 billion.
Bitcoin up +8.14%, adding $103 billion.
Ethereum up +9.66%, adding $22 billion.
This comes as the Treasury announced it… pic.twitter.com/3P02115yc6
— Bull Theory (@BullTheoryio) August 19, 2026
Bitcoin Price Breaks $68,000 as Short Liquidations Accelerate Bitcoin price surged to $68,418, which was a 8% rise from the previous day as bearish leveraged positions were swiftly unwound. Ethereum rose to $2,081, up 8.4%, and Solana, XRP, BNB, Hyperliquid and Dogecoin all saw gains, too. TRON was an exception, having declined 0.19% to $0.3334 despite the broader market recovery.
Coin360 data Crypto-related stocks also took part in the rally, with Coinbase rising 11% on sentiment gains. The recovery wasn’t limited to tokens: gains were seen across mining and trading firms.
According to CoinGlass, roughly $1.23 billion worth of short positions were liquidated, with a total of $1.31 billion across all liquidations done in the span of one hour.
Bitcoin Rises Above $68,000 as Crypto Liquidations Reach $1.31 Billion in One Hour
Binance market data shows that BTC rose above $68,000 to $68,418, up 5.47% over the past 24 hours. ETH rose above $2,000 to $2,081, up 8.4%.
CoinGlass data shows that approximately $1.31 billion… pic.twitter.com/izlFXwcuYr
— Wu Blockchain (@WuBlockchain) August 19, 2026
Around $1.57 billion of liquidations were settled every day, of which $1.41 billion were shorts. Around 114,038 traders were liquidated, while Bitget recorded the largest order at $32.18 million on its ETHUSDT perpetual contract.
Ethereum open interest rose from $11.7 billion to $13 billion, only to settle down toward $12.5 billion. That move indicated traders were ramping up leveraged exposure ahead of the short covering, which added fuel to the rally.
White House Meeting Lifts Clarity Act and Tokenization Hopes Political developments were also a catalyst following a private meeting at the White House between President Donald Trump and regulators and cryptocurrency executives. The parties discussed developments in the Clarity Act and tokenization, and look forward to the United States getting some more clarity on the rules.
The industry representatives were joined by SEC Chairman Paul Atkins, CFTC Chairman Mike Selig and other key financial infrastructure industry leaders.
The involvement of Nasdaq, NYSE, CME Group and DTCC was an indicator of the increasing institutional interest in blockchain-based markets and settlement systems.
Bitcoin and Ethereum ETF Inflows Support the Market Rally Spot Bitcoin ETFs attracted $189 million in net inflows on August 18, according to SoSoValue data. Spot Ethereum ETFs received $71.468 million, with BlackRock’s ETHA contributing $64.6814 million.
According to SoSoValue, spot Bitcoin ETFs recorded $189 million in net inflows on August 18 (ET). Hashdex’s DEFI spot Bitcoin ETF has begun liquidation due to factors including assets under management, trading liquidity, and operating costs. It ceased trading on NYSE Arca on… pic.twitter.com/y8Ub9uNgGb
— Wu Blockchain (@WuBlockchain) August 19, 2026
Those inflows suggested that institutional appetite was still high prior to Wednesday’s sudden rally.
Fundstrat’s Tom Lee says tokenization could provide a major tailwind for crypto as Ethereum (CRYPTO: ETH) surged 8% to $2,080 on Wednesday.
Tom Lee Backs Tokenization ThesisLee called out a potential cloud breakout for the altcoin, saying it would be its first bullish trend signal since October 2025.
Lee also backed Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vlad Tenev‘s tokenization thesis, calling it a structural trend poised to benefit crypto.
Tokenization is “freight train that cannot be stopped” and one that could eventually “eat the entire financial system,” Lee wrote.
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“This is a structural theme and one set to benefit crypto,” the BitMine Immersion Technologies Inc (NASDAQ:BMNR) Executive Chairman added, stating that agentic AI could provide another major catalyst. BMNR is up 11% on the day.
This convergence could become increasingly important as financial assets move onto programmable, always-on blockchain infrastructure. Autonomous AI agents could emerge as potential users of those markets.
Crypto’s role beyond speculative digital assets could expand, positioning blockchain networks as infrastructure for trading, settlement and potentially a much broader universe of financial assets.
Are We Entering ‘Tokenization Supercycle?’Speaking on CNBC ahead of meetings at the White House and CFTC, Tenev said tokenization could ultimately transform the infrastructure underlying traditional finance.
“We’re at the beginning of a super cycle and it’s going to take over the entire financial system,” Tenev said.
Tenev pointed to Robinhood’s blockchain efforts outside the U.S., where the company initially launched 90 stock tokens before expanding the offering to roughly 190.
Tenev noted that much of the value creation from companies in areas such as AI, as well as businesses like SpaceX, has historically occurred before ordinary retail investors could participate.
Tokenization could eventually bring private assets onto blockchain infrastructure with deeper global liquidity and more efficient market rails.
However, Tenev stressed that broader access must be balanced with investor protections.
Image: Shutterstock
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Ethereum price climbed above $2,000 on Wednesday, reaching that level for the first time since June 2.
The breakout strengthened a wider cryptocurrency rally led by Bitcoin, which briefly approached $70,000 during heavy trading.
Sentiment was also underpinned by the plan of the United States Treasury to increase long-term debt buybacks. The proposal was seen by investors as a liquidity shot to Bitcoin and other risk assets.
The enhancement of liquidity expectations and large-scale short liquidations contributed to an increase in gains in significant digital assets.
Ethereum Price Reclaims $2,000 After Two Months ETH price has been up by 8% in 24 hours and it is trading at an approximate of $2,080 passing the barrier. The token hit an intra-day peak of $2,089 after dipping to $1,905 earlier in the session.
The migration expanded on the recovery of Ethereum in August after two hard quarters. ETH has advanced 31.1% during the third quarter, surpassing its 25.3% decline during the second quarter.
📈 Ethereum Breaks $2,000 for the First Time This Summer@Ethereum has broken above the $2,000 mark for the first time since June 2, extending its recovery after a difficult first half of the year. So far, $ETH is up 31.1% in Q3, already exceeding the −25.3% decline recorded in… pic.twitter.com/1iPLEx7fe7
— CryptoRank.io (@CryptoRank_io) August 19, 2026
That performance sets Ethereum on its first positive quarter of 2026. Nonetheless, maintaining the price above $2,000 is significant to maintain the momentum and aid in another step forward.
Bitcoin Price Surge and Short Liquidations Drive Market Rally Bitcoin price surged past $68,000 and then peaked at $69,700, its first peak in over two months. The cryptocurrency gained $4,400 within 50 minutes as traders rushed to cover bearish positions.
According to CoinGlass data, about 1.31 billion cryptocurrency positions were sold in just an hour. Short positions were a reflection of $1.23 billion of that, which underscores the squeezy nature of the rally.
Source: Coinglass The liquidations amounted to approximately 1.57 billion, comprising 1.41 short positions, over a 24-hour period. Approximately 114,038 traders were liquidated in the move.
The largest single liquidation involved a $32.18 million ETHUSDT perpetual position on Bitget. Solana, BNB, Dogecoin, and Cardano gained ground as the cryptocurrency market optimism increased.
Ethereum Open Interest Jumps as Traders Eye Further Gains The open interest in Ethereum derivatives surged by almost 10% in less than 24 hours, marking positioning by leveraged traders. Increasing open interest may enhance the carrying power in cases where demand is sustained, but also increase liquidation risks in cases of reversals.
Ethereum must establish support above $2,000 to keep the recovery intact. Further ETF flows and the expansion of strength in the market may stimulate efforts to reach higher resistance areas.
Spot Ethereum exchange-traded funds have also registered inflows of $71.47 million daily. Their total assets hit 10.83 billion, with institutional demand supporting the price break.
Will Rally Continue? The rally has propelled ETH to surpass resistance of $1,960, $2,000, and $2,050 in one candle.
The price, however, met with immediate opposition just above $2,100, after briefly touching an intraday high of 2,103.
The Relative Strength Index increased to 87.41, and Ethereum was well within overbought territory.
Source: TradingView The Chaikin Money Flow was 0.62, which means high levels of capital inflows and resilient demand behind the breakout.
A four-hour close above $2,100 could open the path toward $2,120 and $2,160. Continued momentum beyond $2,160 may allow full ETH forecast report to challenge the psychologically important $2,200 level.
Notably, however, a rejection below $ 2,100 may push Ethereum to first support at $2,050. Further pullback can challenge the $2,000 mark before the previous resistance at $1,960 level.
Ethereum and Bitcoin are moving in opposite directions on centralized exchanges, and the divergence tells a story about how crypto holders are rethinking where they keep their assets.
ETH balances on exchanges have fallen to roughly 15.12 million tokens, down from about 16.86 million earlier this year. That’s a net loss of approximately 1.74 million ETH year-to-date, a decline of around 10%. Meanwhile, Bitcoin saw a rebound of roughly 28,000 BTC flowing back onto tracked exchanges over a three-week stretch, bucking its own longer-term trend of declining reserves.
The great ETH exodus The steady drain of ETH from centralized platforms has been building throughout 2026, and the current reserves represent levels not seen since 2015.
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A big chunk is heading to staking contracts. Over 34% of ETH’s total supply is now locked up in staking, which means more than a third of all Ethereum in existence is committed to securing the network rather than sitting on an exchange ready to be sold. The rest appears to be moving into self-custody wallets.
Bitcoin’s counterintuitive restocking Bitcoin’s exchange dynamics are telling a different, slightly more complicated story. The long-term trajectory mirrors Ethereum’s: BTC exchange reserves hit a historic low of 6.6% of total circulating supply in July 2026, according to Santiment data.
But within that downward trend, Bitcoin just experienced a notable counter-move. Approximately 28,000 BTC flowed back onto tracked exchanges in under three weeks, with Binance alone seeing its users’ holdings increase by 16,349 BTC according to the exchange’s latest Proof of Reserves update.
What tighter supply actually means Analysts tracking these flows caution that reduced exchange balances don’t automatically translate into price increases, particularly in a market where exchange-traded fund flows, macroeconomic shifts, and regulatory developments all exert their own gravitational pull on prices.
Spot Bitcoin and Ethereum ETFs have created entirely new demand and supply channels that didn’t exist a few years ago. Large-scale institutional buying through ETFs can absorb supply without it ever touching a traditional exchange balance sheet. Similarly, ETF redemptions can create selling pressure that shows up in price but not necessarily in on-chain exchange metrics.
Both BTC and ETH supply metrics have hit lows not recorded since 2017 and 2015 respectively. For Ethereum, the combination of staking yields and self-custody momentum appears to be creating a more durable one-way flow off exchanges.
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Japanese and South Korean stock indexes opened higher, with South Korea’s KOSPI index rising 3.2% at the open.
According to Bitget market data, the Nikkei 225 index opened 461.11 points higher on Thursday, August 20, with a 0.71% gain to 65,787.53 points. South Korea’s KOSPI index opened 3.2% higher, with SK Hynix surging over 7% and Samsung Electronics climbing more than 3%.
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New public blockchain Linera, founded by former Libra employees, announced today that it aims to become the "next Hyperliquid" and teased an upcoming LNRA token sale. Linera said it is following Hyperliquid’s playbook: building its own dedicated chain, focusing on consumer products, operating with a small team, generating real revenue first, and prioritizing user rewards. Its core product is a real-time prediction market at app.linera.xyz, which can launch, operate, and settle within one minute. The project uses a parallel microchains architecture, supporting thousands of small markets to run simultaneously, with final confirmation times typically under one second—solving congestion and high fees that plague general-purpose blockchains in real-time use cases. All markets operate on a pure player-versus-player (PvP) model, with no house and no external market makers required. The core team numbers just five members. Users who earn badges by engaging with the product will get priority access to an exclusive subscription pool for the LNRA sale. Detailed sale information will be announced at a later date.
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U.S. stocks: The three major indexes closed higher this morning, Moderna surged 177%, and crypto-related stocks rallied sharply.
According to market data from BIT (Bit.com), U.S. stocks closed on Wednesday: the Dow Jones Industrial Average initially rose 0.22%, the S&P 500 gained 0.21%, and the Nasdaq advanced 0.16%. Moderna (MRNA.O) surged 176.9%, while Merck (MRK.N) climbed 12.6%. Moderna and Merck announced that their jointly developed personalized mRNA cancer vaccine intismeran autogene (formerly mRNA-4157/V940), in combination with Merck’s immunotherapy drug Keytruda (pembrolizumab), met both the primary endpoint and key secondary endpoints in the Phase III clinical trial (INTerpath-001) for patients with high-risk melanoma (skin cancer). Marvell Technology (MRVL.O) rose over 9.8%, SK Hynix (SKHY.O) gained 0.35%, SanDisk (SNDK.O) fell 3.5%, and Micron Technology (MU.O) dropped 0.39%. In terms of crypto-related stocks: Strategy’s share price rose 11.95% to $103.58, having surged more than 13% intraday; Coinbase climbed 9.05% to $159.47; stablecoin issuer Circle increased 9.44% to $78.50; and Ethereum reserve firm BitMine gained 9.68% to $20.05.
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Cryptocurrency markets saw their biggest short position liquidation day in history on Wednesday, with over $1 billion in shorts liquidated over the space of a few hours.
Notable Statistics:
Coinglass data shows 126,017 traders were liquidated in the past 24 hours for $1.92 billion. SoSoValue data shows net inflows of $189.3 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $71.5 million. In the past 24 hours, top gainers include Bitway, Pump.fun and MemeCore. Notable Developments:
Bitcoin, Ethereum, XRP Explode Over 6% Higher: Treasury’s Move Will Send ‘Inflation Soaring,’ Peter Schiff WarnsBTC Cracks $68,000 and You May Want to Look at Kalshi to Predict Bitcoin’s Next Move Before Binance DoesStrategy, Bitmine, Coinbase Surge Over 12% as CLARITY Act Optimism BuildsCameron Winklevoss Calls Bitcoin at $65,000 an ‘Unprecedented’ Buy: Does the Data Agree?XRP Open Interest Hits 2-Month High: Is That Bullish?Bitcoin Volatility Craters to 27% as VanEck Flags 8 Of 12 Capitulation Signals FiringCLARITY Act Has a ‘Really Good Shot’ to Pass in September, Tim Scott SaysBitcoin ETFs See $486M Inflows in 2 Days: Could This Be the Best Week Since January?Trader Notes:
Trader Michael van de Poppe said Bitcoin’s surge to $69,000 wiped out shorts and cleared liquidity above $68,200.
He expects a pullback rather than an immediate continuation, viewing $66,500–$67,000 as a buying zone before a potential move toward $72,000–$73,500.
Trader KillaXBT compared Bitcoin’s current 2026 structure with its 2022 bottom, suggesting a pullback from $68,000–$70,000 could still hold above previous lows.
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However, the pattern would require BTC to re-enter the range and show clear 4-hour/daily exhaustion; failure to do so would invalidate the fractal.
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