Crypto markets are broadly up recently. The White House crypto meeting is the focus today. Trump urged progress on the “CLARITY Act.” Tim Scott, chairman of the Senate Banking Committee, said September 15 will feature a procedural vote. The OCC pledged to publish the final rule for the stablecoin GENIUS Act by November. Trump said the CFTC is working to bring Hyperliquid into the U.S. under a compliance framework, and he also mentioned the U.S. potentially accumulating a large-scale Bitcoin reserve.
On the macro front, U.S. federal debt surpassed $4 trillion. The Federal Reserve’s July minutes show that most supported maintaining interest rates, with some leaning toward rate hikes. The Treasury announced that the scale of Treasury buybacks will be at least doubled, supporting a rebound in risk assets.
In market action, BTC briefly broke above $70,000, rising more than 7% over 24 hours. ETH is up about 17%. Total liquidations across the market in the past 24 hours were $2.98 billion, the eighth-highest on record. The “pension-usdt.eth” whale had about 50,000 ETH short positions liquidated, resulting in an unrealized loss of $266.6 million. Another whale opened a 4x long position for 20,000 ETH, with an unrealized gain of $6.66 million. “Huang Licheng”’s ETH long positions rebounded by $3.34 million, but are still down $31.5 million in total.
On the project side, Hyperliquid generated $4.4 million in revenue over 24 hours and burned $4.24 million worth of HYPE, with the token up 11% intraday. However, Multicoin transferred about $9.65 million worth of HYPE to Coinbase Prime, and an Amber Group-related wallet withdrew about 200,000 HYPE—sell-pressure risks should be kept in mind. The Maya protocol paused the network after losing about $1.4 million worth of BTC due to six vulnerabilities. Coinbase listed Aligned, and Base launched a $1 million AI accelerator. FalconX partnered with Ethena to roll out $1 billion in institutional credit facilities. StanChart and HSBC completed the first live transaction on the Swift blockchain.
Strategically, after BTC broke above the daily head-and-shoulders bottom neckline at $66,600, the theoretical target is $76,000. Sentiment is biased bullish, driven by policy and liquidity tailwinds, but rising debt and a still-hawkish Fed remain headwinds. The HYPE narrative is strong, but its valuation is deviating from fundamentals—avoid chasing. ETH still has room for a catch-up rally. The stablecoin and RWA themes are mainly driven by the GENIUS Act and the broader push for traditional banks to move on-chain.
Market moves are driven by three factors: policy expectations, looser liquidity, and short-squeeze liquidations. The key turning points are the September bill vote and the Fed’s rate decision meeting. Position sizing should not be overly aggressive.
The above content is generated by AI based on publicly available market data and does not constitute any investment advice.
On the macro front, U.S. federal debt surpassed $4 trillion. The Federal Reserve’s July minutes show that most supported maintaining interest rates, with some leaning toward rate hikes. The Treasury announced that the scale of Treasury buybacks will be at least doubled, supporting a rebound in risk assets.
In market action, BTC briefly broke above $70,000, rising more than 7% over 24 hours. ETH is up about 17%. Total liquidations across the market in the past 24 hours were $2.98 billion, the eighth-highest on record. The “pension-usdt.eth” whale had about 50,000 ETH short positions liquidated, resulting in an unrealized loss of $266.6 million. Another whale opened a 4x long position for 20,000 ETH, with an unrealized gain of $6.66 million. “Huang Licheng”’s ETH long positions rebounded by $3.34 million, but are still down $31.5 million in total.
On the project side, Hyperliquid generated $4.4 million in revenue over 24 hours and burned $4.24 million worth of HYPE, with the token up 11% intraday. However, Multicoin transferred about $9.65 million worth of HYPE to Coinbase Prime, and an Amber Group-related wallet withdrew about 200,000 HYPE—sell-pressure risks should be kept in mind. The Maya protocol paused the network after losing about $1.4 million worth of BTC due to six vulnerabilities. Coinbase listed Aligned, and Base launched a $1 million AI accelerator. FalconX partnered with Ethena to roll out $1 billion in institutional credit facilities. StanChart and HSBC completed the first live transaction on the Swift blockchain.
Strategically, after BTC broke above the daily head-and-shoulders bottom neckline at $66,600, the theoretical target is $76,000. Sentiment is biased bullish, driven by policy and liquidity tailwinds, but rising debt and a still-hawkish Fed remain headwinds. The HYPE narrative is strong, but its valuation is deviating from fundamentals—avoid chasing. ETH still has room for a catch-up rally. The stablecoin and RWA themes are mainly driven by the GENIUS Act and the broader push for traditional banks to move on-chain.
Market moves are driven by three factors: policy expectations, looser liquidity, and short-squeeze liquidations. The key turning points are the September bill vote and the Fed’s rate decision meeting. Position sizing should not be overly aggressive.
The above content is generated by AI based on publicly available market data and does not constitute any investment advice.