Cointime

「麻吉」80分钟回撤200万美元，持有888.88枚BTC多单及1.91万枚ETH多单
8 月 22 日，据 TradingBeats（原 Hyperinsight）监测，「麻吉大哥」黄立成地址近期交易表现大幅反转。此前经历近 500 次爆仓后，其账户在短短 3 天内将 15.2 万美元资金增长至超 1000 万美元。然而在过去 2 小时内出现的加密短线跳水行情中，其账户内资产 80 分钟内余额从 1280 万美元回撤至 1080 万美元，波动性显著。目前其仍然持有 888.88 枚 BTC 多单及 1.91 万枚 ETH 多单，其中比特币多单浮亏 47 万美元，以太坊多单浮盈 217 万美元。

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.

MSX to open the third round of MSX Pre-IPO subscriptions on August 31; exclusive listing of Neuralink and Anduril. To participate, users must hold the MSX platform token.

On August 21, RWA trading platform MSX Maitong announced that the platform will open subscriptions for the MSX Pre-IPO third-round projects at 18:00 (UTC+8) on August 31, 2026. This round will exclusively list two globally high-attention AI unicorns—Neuralink, the leading brain–computer interface company under Elon Musk, and Anduril Industries, one of the top AI defense technology unicorns in the United States. Previously, MSX Maitong’s Pre-IPO second-round project, Polymarket, had opened redemption, with a subscription yield of 33.3%. With the third round introducing Neuralink and Anduril, the platform further expands the scope of cutting-edge technology assets available through its Pre-IPO projects. For this round of subscriptions, users must hold MSX. The subscription allocation will be determined according to each user’s effective token holdings; the specific allocation tiers and participation rules will be based on information published by the official MSX platform.

US stock crypto concept stocks rose in premarket trading, Strategy up more than 6%
On August 21, US stock crypto concept stocks rose in premarket trading; Strategy was up more than 6%, while Coinbase and Circle were up more than 4%.

Yesterday, Bitcoin ETF net inflows were $606.3 million, and Ethereum ETF net inflows were $219.5 million
On August 21, according to monitoring by Farside Investors, yesterday’s Bitcoin ETF net inflows were $606.3 million, while Ethereum ETF net inflows were $219.5 million.

WLFI Co-Founder: Sun Yuzhen Fictitiously Claims a “Major Court Victory,” There Was No Ruling in the Court
On August 21, WLFI co-founder Zach Witkoff said in a post that Sun Yuzhen’s claims about the latest hearing include multiple false statements. Sun Yuzhen previously claimed the court supported his position and described the outcome as a “major victory,” but in fact, the court issued no ruling. Zach said Sun Yuzhen packaged his “personal request kept in the court for now” as a victory, but WLFI never asked that his personal requests be submitted to arbitration. WLFI’s motions to dismiss those personal requests are still pending the court’s decision. In other words, Sun Yuzhen’s claimed “court support” and “major victory” do not exist.