Charles Schwab puts SOL, AVAX, and LINK on the trading stage—then an NVIDIA earnings report lifts tech stocks and Bitcoin together into flight. The posture of traditional institutions rushing in is becoming increasingly obvious. But on the very same day, Core Lightning issued an emergency security alert. Since the start of the year, the crypto industry has lost more than $3.6 billion 🤔. In all this excitement, who is propping things up—and who’s swimming naked?
First, look at the fund flows 🔥. Over the past week, BTC and ETH both broke through key technical levels and triggered a short-squeeze rally. Gate’s institutional weekly report shows BTC spot ETF net inflows of about $1.918 billion and ETH ETF net inflows of $693 million. The U.S. spot Bitcoin ETFs have even chained inflows for eight straight days, pulling in a total of $2.8 billion—August may deliver the strongest monthly performance since October 2025. $BTC has been moving sideways in the $79,000–$80,000 range, testing the biggest “supply wall” of this cycle. This area combines the ETFs’ average cost basis and the 50-week moving average. Glassnode notes that liquidity above $83,000 is getting thicker, and breaking upward will require sustained “real money” follow-through. Meanwhile, after a trader precisely went long 2万$ETH and profited over $11 million, they opened a 20x leveraged long on 100,000 SOL—extreme positioning that works beautifully in a short-squeeze market, but is just as dangerous in the other direction of volatility ⚠️.
Next, the institutions’ narrative is rolling out across the board 🌍. Charles Schwab announced it will list three major tokens—SOL, AVAX, and LINK—over the coming months. Ripple’s Prime business officially launched Delta One stock trading, extending crypto into traditional equities. South Korea’s Mirae Asset Group acquired Digital X (formerly Korbit), aiming at a crypto map on the order of $100 billion. The Bank of England has also been given new legal duties: to promote stablecoin innovation while placing financial stability first. Cryptoquant CEO Ki Young Ju also believes the peak of this bull run is likely driven by institutional capital and ETF flows outside the U.S., making global institutionalization the main theme for the next phase.
However, the other side of the excitement is that risk signals are building up 🚨. CoinGecko’s latest report shows that since the start of the year, crypto platforms have lost over $3.63 billion, mainly from supply-chain attacks and contract vulnerabilities. Sixty percent of the affected platforms had already passed audits. At the same time, the effective coverage scope of crypto insurance fell 20% year over year—from $163 million to $130 million. Core Lightning disclosed multiple real vulnerabilities and urgently advised operators to enter offline mode. Moonwell also found abnormal activity in the Base-chain MAMO Core market, forcing it to cut the lending limit down to 1 wei. Even as NVIDIA announced a $12.9 billion acquisition of Hugging Face, the boundary between AI and crypto is getting increasingly blurred—security issues may become the biggest hidden cost in the next stage.
📌 My take:
① $80,000 in BTC is the watershed for bulls and bears. ETF inflows have been continuing for eight days, and NVIDIA’s earnings spillover is biased bullish—but at the same time there is a supply wall and liquidity build-up overhead. Breakouts likely won’t happen in one step; the market will more likely digest it repeatedly. Buying the dip is more稳健 than chasing pumps.
② TradFi’s full entry (Charles Schwab/Ripple/Mirae Asset/Bank of England) is the main medium- to long-term narrative line. It directly benefits the stablecoin and RWA segments, but it has limited lift for short-term prices. Don’t equate “token listing expectations” with “price going up immediately.”
③ Security risks are being masked by market sentiment. With $3.6 billion in losses plus an insurance coverage retreat, the Core Lightning and Moonwell events are both reminders: stay away from unaudited high-leverage small-cap coins, and controlling position sizing matters more than anything.
What do you think about Charles Schwab’s “triple listing” push—an actual incremental signal, or yet another case of late FOMO? Let’s discuss in the comments.
The above content does not constitute investment advice. Digital asset prices are highly volatile—watch out for risk.
First, look at the fund flows 🔥. Over the past week, BTC and ETH both broke through key technical levels and triggered a short-squeeze rally. Gate’s institutional weekly report shows BTC spot ETF net inflows of about $1.918 billion and ETH ETF net inflows of $693 million. The U.S. spot Bitcoin ETFs have even chained inflows for eight straight days, pulling in a total of $2.8 billion—August may deliver the strongest monthly performance since October 2025. $BTC has been moving sideways in the $79,000–$80,000 range, testing the biggest “supply wall” of this cycle. This area combines the ETFs’ average cost basis and the 50-week moving average. Glassnode notes that liquidity above $83,000 is getting thicker, and breaking upward will require sustained “real money” follow-through. Meanwhile, after a trader precisely went long 2万$ETH and profited over $11 million, they opened a 20x leveraged long on 100,000 SOL—extreme positioning that works beautifully in a short-squeeze market, but is just as dangerous in the other direction of volatility ⚠️.
Next, the institutions’ narrative is rolling out across the board 🌍. Charles Schwab announced it will list three major tokens—SOL, AVAX, and LINK—over the coming months. Ripple’s Prime business officially launched Delta One stock trading, extending crypto into traditional equities. South Korea’s Mirae Asset Group acquired Digital X (formerly Korbit), aiming at a crypto map on the order of $100 billion. The Bank of England has also been given new legal duties: to promote stablecoin innovation while placing financial stability first. Cryptoquant CEO Ki Young Ju also believes the peak of this bull run is likely driven by institutional capital and ETF flows outside the U.S., making global institutionalization the main theme for the next phase.
However, the other side of the excitement is that risk signals are building up 🚨. CoinGecko’s latest report shows that since the start of the year, crypto platforms have lost over $3.63 billion, mainly from supply-chain attacks and contract vulnerabilities. Sixty percent of the affected platforms had already passed audits. At the same time, the effective coverage scope of crypto insurance fell 20% year over year—from $163 million to $130 million. Core Lightning disclosed multiple real vulnerabilities and urgently advised operators to enter offline mode. Moonwell also found abnormal activity in the Base-chain MAMO Core market, forcing it to cut the lending limit down to 1 wei. Even as NVIDIA announced a $12.9 billion acquisition of Hugging Face, the boundary between AI and crypto is getting increasingly blurred—security issues may become the biggest hidden cost in the next stage.
📌 My take:
① $80,000 in BTC is the watershed for bulls and bears. ETF inflows have been continuing for eight days, and NVIDIA’s earnings spillover is biased bullish—but at the same time there is a supply wall and liquidity build-up overhead. Breakouts likely won’t happen in one step; the market will more likely digest it repeatedly. Buying the dip is more稳健 than chasing pumps.
② TradFi’s full entry (Charles Schwab/Ripple/Mirae Asset/Bank of England) is the main medium- to long-term narrative line. It directly benefits the stablecoin and RWA segments, but it has limited lift for short-term prices. Don’t equate “token listing expectations” with “price going up immediately.”
③ Security risks are being masked by market sentiment. With $3.6 billion in losses plus an insurance coverage retreat, the Core Lightning and Moonwell events are both reminders: stay away from unaudited high-leverage small-cap coins, and controlling position sizing matters more than anything.
What do you think about Charles Schwab’s “triple listing” push—an actual incremental signal, or yet another case of late FOMO? Let’s discuss in the comments.
The above content does not constitute investment advice. Digital asset prices are highly volatile—watch out for risk.