Crypto Market Update 🧧 — August 31, 2026
$BTC is trading near $80,000, first time since May, breaking its bearish trend on the back of $1.92B in ETF inflows and a wave of short liquidations. Sentiment just hit "extreme greed" for the first time since late 2024. Counterweight: the Fed just signaled it may raise rates instead of cut them, so momentum and macro are pulling in opposite directions right now.
Strategy resumed Bitcoin purchases after a 10-week pause.
$ETH ETFs pulled in $226M in a single day, nearly matching BTC inflows.
$SOL — a Bitwise Solana ETF became the first SOL fund to cross $1B AUM.
Institutional crossover: DTCC partnered with BitGo on tokenized treasuries and equities. Sberbank, Russia's largest bank, plans to accept BTC as loan collateral, with ETH and USDT to follow. Vietnam is rolling out a regulated crypto market with tokenized assets.
Elsewhere: Polymarket is facing regulatory scrutiny right as it lands major sports league deals. Hong Kong's SFC flagged Star Bridge Capital Group as unlicensed.
Extreme greed + a hawkish Fed signal in the same week — worth watching which one wins out.
Markets are highly volatile so prices may vary by the time you read this. Not financial advice. DYOR 🙏
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