Cointime

CryptoQuant：比特币 ETF 创 2025 年 10 月以来第二大单周流入
8月22日，CryptoQuant分析师Darkfost表示，本周比特币ETF净流入14,700枚BTC，创2025年10月以来第二大单周流入。8月至今累计净流入约21,958枚BTC，推动需求回升的迹象正开始显现。

The Sandbox：SAND 跨链桥出现漏洞，已关闭 Base、BSC 跨链功能
8月22日，The Sandbox 官方确认 SAND 跨链桥出现漏洞，事件波及 Base、BNB SmartChain 网络，受影响代币不足 SAND 总供应量 0.01%。以太坊、Polygon 链上 SAND 不受影响，用户钱包未被入侵。攻击者利用漏洞铸造无抵押 SAND，项目方已关闭两条链的跨链功能，隔离相关 SAND 资产，提醒用户不要交易该部分代币。团队完成事件快照，正在为流动性池用户制定补偿方案，后续将发布完整事件复盘报告。

伊媒：伊朗决定允许伊拉克部分油轮通过霍尔木兹海峡
8月22日，据伊通社（IRNA）报道，在伊朗议会议长卡利巴夫访问伊拉克期间，伊拉克向德黑兰提出的最重要诉求之一，就是为属于伊拉克的油轮通过霍尔木兹海峡颁发特别许可。这一请求此前已通过多个渠道多次提交给伊朗。尽管伊朗正遭受最严厉的军事行动，且由于美国的敌对行动，霍尔木兹海峡安全局势严重恶化，但伊朗最终还是决定向部分伊拉克油轮发放通过霍尔木兹海峡的许可。

Tesla Unmanned Driving Electric Vehicle Cybercab Launch Event Scheduled
On August 22, Tesla announced on a social media platform that it will hold the Cybercab launch event on September 3, 2026 in Austin, Texas, USA. According to reports, in April this year, Tesla’s AI-driven autonomous electric vehicle Cybercab began official production in North America. The company said the car is driven by AI and does not require a steering wheel, pedals, or side mirrors.

“Majibe” saw a 2.0 million USD pullback in 80 minutes, holding 888.88 BTC long positions and 19,100 ETH long positions
On August 22, according to TradingBeats (formerly Hyperinsight) monitoring, the trading performance of the “Big Brother Majibe” Huang Licheng address has recently reversed dramatically. After previously experiencing nearly 500 liquidations, his account’s funds grew from $152,000 to over $10 million in just three days. However, in the crypto intraday selloff that occurred within the past two hours, the balance of assets in his account fell from $12.8 million to $10.8 million within 80 minutes, with volatility significantly elevated. He still holds 888.88 BTC long positions and 19,100 ETH long positions. Among them, his BTC long positions are currently floating at a loss of $4.7 million, while his ETH long positions are floating at a gain of $2.17 million.

In the past hour, Ethereum liquidations totaled $108 million, Bitcoin liquidations totaled $50.94 million, and XRP liquidations totaled $48 million
On August 22, according to Coinglass data, in the past hour Ethereum liquidations were $108 million, Bitcoin liquidations were $50.94 million, and XRP liquidations were $48 million, while SOL liquidations were $47.5 million. In the past hour, total liquidations across the entire market amounted to $529 million, with long liquidations totaling $478 million and short liquidations totaling $50.21 million.

Encrypted short-term “flash crash”: in the past 1 hour, the entire network liquidated positions totaling $523 million; the main liquidations were long positions
On August 22, according to Coinglass data, the crypto market saw a short-term flash crash: in the past 1 hour, the entire network liquidated positions totaling $523 million, with $448 million liquidated in long positions and $74.7592 million liquidated in short positions. In the last 24 hours, a total of 286,130 people worldwide were liquidated, with a total liquidation amount of $1.801 billion. The largest single liquidation occurred on Hyperliquid - BTC-USD, with a value of $24.96 million.

FT: Economic pressure mounts in the Trump era—oil prices and mortgage rates rise in tandem, and U.S. debt surpasses $4 trillion
On August 22, the Financial Times reported that the Trump administration’s economic policies are facing multiple pressures: U.S. federal debt has exceeded $4 trillion, long-term Treasury yields have climbed to their highest level in 19 years, a war with Iran has pushed up energy prices, and mortgage rates have continued to rise. This week, the U.S. long-term government bond market saw sharp volatility. Investors, worried that the government’s borrowing scale will expand and that war-driven inflation risks will materialize, pushed long-term Treasury yields higher. U.S. Treasury Secretary Bessent then announced an expansion of the long-term Treasury repurchase program and plans to roll out measures to reduce the fiscal deficit, but the market reaction was limited and the dollar instead weakened.

Data show that the size of U.S. government debt surpassed $4 trillion for the first time this week, while the growth rate of federal spending hit the fastest level since the pandemic. In fiscal year 2025, the U.S. fiscal deficit as a share of GDP only edged down to 5.8%, while Trump’s tax-cut policies are expected to further increase fiscal pressure in the future.

On energy, the conflict between the U.S. and Iran has driven up U.S. fuel prices. Gasoline prices are up by about 40% compared with before the outbreak of the war, reaching $4.11 per gallon; diesel prices have risen to $5.58 per gallon. Rising energy costs have weakened the policy goal of lowering living costs and energy prices that Trump had previously pursued.

The housing market is also under pressure: the 30-year mortgage rate in the U.S. has risen to 6.65%, higher than 5.98% before the outbreak of the war. Meanwhile, U.S. consumer inflation in May briefly rose to a three-year high of 4.2%, before easing to 3.4% in July; however, Federal Reserve officials remain concerned that inflation pressure will persist.

Although the U.S. economy continues to be supported by consumer spending and large tech companies’ AI infrastructure investment, its growth rate remains below the government’s earlier targets. The annualized U.S. GDP growth rate in the second quarter of 2026 is about 1.5%, lower than the previously proposed forecast of above 3%.

Market participants believe that high debt, high financing costs, and rising energy prices are undermining consumer confidence and could become a significant political pressure point for the Trump administration. Bessent, however, said the U.S. still has the prospect of improving its fiscal situation through economic growth.

In the past hour, the entire network liquidated positions worth $514 million, with the main liquidation from long orders
August 20: Data shows that in the past hour, the entire network liquidated positions totaling $514 million; long positions were liquidated for $441 million, while short positions were liquidated for $72.823 million.

MUBARAK surges over 43%, “Binance Life” rises 21%, old-school BSC Meme continues upward
On August 22, according to GMGN market data, BNB made up for its missed gains today. Among major coins, the uptrend is particularly striking. Meanwhile, BSC ecosystem Meme coins continued the strong rally from yesterday: MUBARAK’s 24-hour gain reached 43.95%, with its market cap rising to $30 million; “Binance Life” saw a 24-hour gain of 21.85%, with its market cap reaching $579 million; “I’m f***ing here” rose 7.31% over 24 hours, with its market cap up to $10.5 million; BROCCOLI714’s 24-hour gain was 12.88%, with its market cap rising to $6.83 million; BROCCOLIF3B’s 24-hour gain was 12.14%, with its market cap reaching $19.6 million. Remind users that Meme coins have little to no practical utility and prices can fluctuate sharply—invest with caution.

AAVE falls below $120
Market data shows that AAVE has broken below $120. It is currently trading at $119.75, with a 24-hour gain of 18.33%. The market is volatile—please manage risk accordingly.

SOL surges above $102, with the 24-hour gain expanding to 14.54%
On August 22, according to HTX market data, SOL surged above $102; the 24-hour gain expanded to 14.54%, and its market cap rose to $56.766 billion.

BNB breaks through $720, and the 24-hour gain expands to 8.79%
On August 22, according to HTX market data, BNB broke through $720, with the 24-hour gain widening to 8.79%, and its market cap rising to $9.575 billion.

Viewpoint: Amending key provisions of the “Clarity Act” will cause the legislation to fail; it should be passed as soon as possible
On August 22, Summer Mersinger, CEO of the Blockchain Association in the United States, posted that there is less than four weeks left before the U.S. Senate’s September 15 vote to advance debate on the “Clarity Act.” Reopening provisions that have already been negotiated for months will not improve the bill—instead, it will restart a negotiation process that cannot be completed, ultimately risking legislative failure. Mersinger said that the two proposed amendments from the American Bankers Association (ABA)—replacing the existing standard with “substantively similar interest,” and deleting the word “solely”—are not simple textual tweaks, but major policy changes. She noted that “substantively similar interest” is a more flexible legal standard that could allow regulators to broaden their interpretation; meanwhile, deleting “solely” would change the scope of how the “GENIUS Act” limits stablecoin yield, affecting the policy boundaries Congress previously set. Mersinger said the ABA’s concern that stablecoins may lead to outflows of bank deposits lacks a real basis. Data show that after the passage of the “GENIUS Act,” U.S. bank deposits have grown for three straight quarters, increasing by more than $800 billion in total. She emphasized that what truly needs to be protected is consumers through the establishment of a regulatory framework for digital assets. The “Clarity Act” would clearly define the regulatory boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), require platforms that serve U.S. users to register, and implement rules for segregating customer assets, information disclosure, and managing conflicts of interest. Mersinger concluded by urging the U.S. Senate not to reopen negotiations: “The bill is already done, and the work has already been completed. On September 15, the Senate has an opportunity to move it forward—just pass it.”

Grayscale Submits Fifth Amendment to ZEC Spot ETF to SEC
On August 22, Grayscale filed the fifth amendment to its ZEC ETF with the U.S. Securities and Exchange Commission. The trust’s name has been formally changed from Grayscale Zcash Trust (ZEC) to The Zcash ETF, with the stock ticker set to ZCSH, and it is set to be listed on NYSE Arca. This version of the filing confirms the Sponsor’s Fee at an annualized 2.5%, and states that the sponsor will use all Sponsor’s Fee to support marketing activities for the trust and the Zcash network during the first 12 months after the filing becomes effective.

Trump Denies Instructing Bessent to Intervene in the Bond Market, Saying the Way to Solve the $40 Trillion U.S. Debt Problem Is Growth
On August 22, U.S. President Donald Trump responded to the issue of the U.S. national debt surpassing $40 trillion, saying this problem has existed for “35 years.” He said the way to address the debt is “through growth,” adding that the United States is currently achieving “very strong growth,” and that it will be “very easy to solve” the issue. When asked whether he had ever told U.S. Treasury Secretary Bessent to intervene in the bond market, Trump denied it, saying, “Absolutely not.” Trump said Bessent is a “very capable person,” that Bessent himself wants to take relevant actions, and that he has “a very good instinct for bonds and interest rates.” When asked whether, after U.S. Treasury yields rebounded, he discussed further intervention measures with Bessent, Trump replied: “The ultimate intervention tool is our military—when we need to act, we act.”

Anthropic hires Google chip executive to speed up in-house chip development
On August 22, Anthropic hired Amir Salek, one of the founders of Alphabet (GOOG.O)’s custom chip project for Google, as the AI lab lays the groundwork to enter the field of in-house semiconductors. Salek’s arrival is part of the company’s hardware strategy. On Friday, Anthropic said Salek will join the company’s computing team. Salek previously oversaw Google’s Tensor Processing Unit (TPU) business until he left in 2022, and he led the delivery of the first seven generations of TPU chips. Anthropic currently buys chips from multiple suppliers, including NVIDIA (NVDA.O), Google, and Amazon (AMZN.O). However, the company has recently signaled that it wants to build its own internal chip business. Headquartered in San Francisco, Anthropic has already begun recruiting for this project and has posted related positions.

Tom Lee: Expects the S&P 500 to Revisit New Highs of 7,900–8,000 Points by Late August
Fundstrat Global Advisors founder Tom Lee expects the S&P 500 to return to the 7,900–8,000 range and set a new record by the end of August. In a report released on Friday, Lee outlined several reasons driving the market’s rapid rebound. He noted that there is no Federal Reserve meeting this month, and that the July nonfarm payrolls report was weaker than expected while inflation has cooled—factors that may change market expectations for near-term interest-rate hikes, serving as a catalyst for the index’s rise. In addition, Lee believes the strong Q2 earnings season, continually improving 2027 earnings outlook, and his assessment that the ongoing deleveraging process tied to artificial intelligence (AI) is nearing an end will also provide further support for the S&P 500 index.

Giant whale: “First set 10 targets”: Bitcoin won’t go up in a straight line; in the medium term, look for $100,000 by March next year
On August 21, the giant whale “First set 10 targets” posted on the X platform, saying it had opened a short position again at $76,000. The logic is relatively simple: “When I set up long positions around 63,000, the stage target was originally 74,000. I think the bull market has returned, and that judgment hasn’t changed so far. However, I’ve always believed this round should be a choppy upward move. At least for now, from a macro perspective and market structure, I haven’t seen signals strong enough to support this kind of trend.”

The whale has already reduced most of its short positions. “It’s not because I’ve changed my judgment, but because I’m controlling risk. If price continues to surge in an extreme way, 82,000 and 84,000 are possible, so there’s no need to bet my entire position that my judgment is definitely correct. If the daily chart closes effectively above 80,500, then I’ll admit I’m wrong on this trade, close everything out, and take a break for a while. If it ultimately can’t hold here—if it weakens again—I will consider adding back the short positions that I reduced.”

The giant whale “First set 10 targets” reiterated its medium-term outlook as follows: “For the long run, I’m still bullish on BTC. But being bullish in the medium to long term and shorting locally are not in conflict. The short I placed is betting on a pullback during the upward process, not on a return to a bearish market from here. If I’m wrong, I’ll admit it above 80,500. I still believe that by March next year, we’ll see BTC at $100,000.”

glassnode: Bitcoin wipes out its underperformance versus S&P 500 over 3 months in just 3 days
On August 21, according to glassnode data, Bitcoin managed to erase its three-month underperformance relative to the S&P 500 in only three days. The data shows that BTC performed worse than the S&P 500 for most of the time; however, during periods when BTC outperformed the S&P 500, the excess returns were often significant.