Summarize last week’s major events in the crypto world:
2026.8.17–8.23
1️⃣ Over the five trading days last week, $BTC surged by about 22%. The price jumped from around $63,000 to as high as $79,000, marking the strongest performance since March 2024. The powerful rally triggered extreme short squeezes across the market, with total liquidation of short positions exceeding $4 billion.
2️⃣ The U.S. crypto regulatory landscape saw major progress. Trump continued to push forward the CLARITY Act. The SEC officially released a new regulatory framework for crypto assets, clearly outlining the Token safe-harbor rules.
3️⃣ Tether completed a full independent audit by KPMG and received an unqualified (no-concerns) audit opinion.
4️⃣ First Digital’s CEO responded to comments by Justin Sun regarding FDUSD. He said the relevant statements were seriously misleading and noted that Justin Sun has not provided evidence for the allegations to date. The two sides had previously gone to court in Hong Kong over a defamation dispute, and the case is still under review.
5️⃣ Crypto-related stocks in the U.S. stock market rallied across the board. Bitcoin’s strong rise lifted shares such as $MSTR MSTR and COIN in sync. Strategy (MSTR) gained about 27% over the week. Market focus on the linkage between BTC and U.S.-listed crypto assets increased further.
🎙️ Building the Binance Plaza, DCA BNB|New Monday—BTC is flat at 77,000. How long do you think it needs to build up before it takes off again? Let’s chat~
🌺@听澜321 《Better Than One You》,Hope we《Keep Walking Until the Flowers Bloom》
Not a professional singer Just for live-stream daily entertainment Thanks to everyone who is willing to pause and listen Grateful for our meeting and your understanding~
🙂 not being able to sleep and staying awake watching a chart has already become a routine—oscillations and trends, rises and falls, and that’s how we’re learning 😁 $BTC $SOL #BinanceSquare #volatilidade
🙂 not being able to sleep and staying awake watching a chart has already become a routine—oscillations and trends, rises and falls, and that’s how we’re learning 😁 $BTC $SOL #BinanceSquare #volatilidade
GLOBAL MARKET ON ALERT Bitcoin has regained strength, while Wall Street faces pressure from US interest rates and oil. ₿ BTC: strong recovery 📈 Crypto: sentiment improving 🛢️ Oil: pressure on inflation 🇺🇸 US: rates still on the radar 🇨🇳 China: AI and robotics gain prominence The market is split between liquidity and hope for crypto against inflation, oil, and high interest rates. Now comes the question: Can BTC sustain this recovery? 👀 #Bitcoin #crypto #btc70k #ETH #BinanceSquare
GLOBAL MARKET ON ALERT Bitcoin has regained strength, while Wall Street faces pressure from US interest rates and oil. ₿ BTC: strong recovery 📈 Crypto: sentiment improving 🛢️ Oil: pressure on inflation 🇺🇸 US: rates still on the radar 🇨🇳 China: AI and robotics gain prominence The market is split between liquidity and hope for crypto against inflation, oil, and high interest rates. Now comes the question: Can BTC sustain this recovery? 👀 #Bitcoin #crypto #btc70k #ETH #BinanceSquare
@听澜321 Strong movement indeed! The shorts liquidation accelerated the uptrend, but after volatility like this it’s worth monitoring whether volume holds up and keeping an eye on correction risks.
听澜321
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Last night, the crypto market suddenly surged, and the short sellers were sent packing!🤯🤯
In simple terms: the Americans suddenly loosened the faucet—short sellers were killed off, and $BTC and $ETH aggressively pushed the price up!
So what exactly happened?
The U.S. Treasury made a big move yesterday, saying it would double its buybacks of long-term government bonds. The market immediately interpreted it as a “backdoor easing.” The U.S. dollar weakened, and money rushed into risk assets.
BTC took off directly from around 63,000, surged more than 6%, and briefly touched $70,000—hitting a nearly 3-month high!
ETH was even more aggressive, jumping more than 10% and immediately breaking up to $2,333—also a nearly 3-month high!
But the short sellers? They had a rough time—an outright “massacre of shorts.”
Data shows that within 24 hours, the total liquidation amount reached $1.6 billion, with liquidations on the short side accounting for $1.44 billion alone. The scene was really brutal 😳😳
In this rally, did you get to feast on big gains—or did you get liquidated? Leave a comment in the comment section~