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After a company shuts down, how to make money by selling employee data

Original title: (After a company shuts down, how to make money by selling employee data)
Original author: Insight Beating
Emails, chat logs, project documentation, tickets—these were only digital inheritances that the company had shut down and was waiting to clean up. Now, they’re being revalued, packaged, sold, and fed into AI companies’ training pipelines.
An embalmer preserves the deceased’s final dignity. After a company dies, maintaining its dignity means proving that what it left behind still has value.
On August 17, at a bankruptcy-asset auction, Google bid $10 million and bought all of Spirit Airlines’ corporate data. Another bidder, called Mercor, offered $7.5 million—losing by $2.5 million.

GOOGLB+0.50%

BlockBeats message, Aug 20, according to TradingBeats (formerly Hyperinsight) monitoring, BIT (formerly Matrixport) withdrew 894.72 BTC from Binance a few minutes ago, worth about $61.93 million; three hours ago it also withdrew 3.38 BTC, worth about $234,000.

CZ: Bitcoin still follows a four-year cycle, and the industry is entering the most policy-friendly period

BlockBeats news: On August 20, CZ spoke at the SALT conference held in Jackson Hole, Wyoming, U.S., regarding the “super cycle” theory for Bitcoin that he had previously proposed at the Davos Forum. He said that this theory has not yet come to fruition. Judging from the data, the market is still following a relatively strict four-year cycle pattern, and it is currently in the bear market phase within that cycle. However, as total market value continues to expand, the amplitude of price fluctuations is expected to narrow, similar to the price volatility patterns of large companies such as Amazon and Facebook.
When discussing the U.S. regulatory environment, CZ said that the current period is the most industry-friendly since he started his career 12 years ago. He believes that the U.S. regulatory framework has a demonstrative effect for the rest of the world, and that the securities laws and exchange regulatory structures of many countries are modeled after the United States. Meanwhile, Hong Kong is accelerating its efforts to align with the U.S. regulatory approach and advance relevant legislation.

BlockBeats message, on August 20, Circle minted 250 million USDC on Solana in two batches, for a total of 500 million newly minted USDC.

USDC+0.00%

8.19 Epic Squeeze Day Liquidation Rankings: Multiple whale short liquidations reached the hundred-million-yuan level

BlockBeats news: August 20, yesterday’s crypto market saw an epic squeeze liquidation. Across the entire network, over $2.7 billion in short positions were liquidated within 24 hours.
According to TradingBeats (formerly Hyperinsight) monitoring, on-chain there were 8 Bitcoin short-position whale liquidations with a liquidation size of over $10 million, and another 2 Ethereum short-position whale liquidations with a liquidation size of over $10 million. Among them:
Whale 0x8c96e5a2d770f9f2c9d2464ce4e741df0b2bca57 value $96.39 million Bitcoin short positions were liquidated;
Whale 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902 (pension-usdt.eth) value $108 million Ethereum short positions were liquidated;

To save U.S. Treasury bonds in the “Soros style”—can Bessent beat the market?

Original title: (To save U.S. Treasury bonds in the “Soros style”! From exchange rates to interest rates—can Bessent beat the market?)
Original author: Long Yue, Wall Street News
A man who once helped Soros bring down the Bank of England is now looking to use the same playbook to protect the U.S. Treasury market?
Since the beginning of this year, U.S. Treasury Secretary Scott Bessent has made consecutive moves. Through a series of unexpected market maneuvers, he has staked his credibility on suppressing the cost of U.S. borrowing. According to Bloomberg, he has become “the most actively interventionist Treasury Secretary in decades.”

Goldman Sachs: Rate-hike pricing for September is still hawkish; pressure on U.S. stocks comes from repeated swings in interest-rate expectations

BlockBeats news: On August 20, Jan Hatzius, Goldman Sachs’ chief economist, said in a recent viewpoint that market pricing for a September FOMC rate hike is still too hawkish. The bank judges that unless the August data released in early September shows a clear reversal, the likelihood that the Federal Reserve will raise rates at its September 15–16 meeting is already “very low.” Goldman’s reasons include: a clear slowdown in employment growth, cooling consumer momentum, and a trend in inflation that is more likely to continue improving.
From Goldman’s perspective, recent data are weakening the case for a rate hike. The U.S. July potential employment growth is reportedly only about 5,000, below the level needed to maintain a balance in the labor market; weak retail sales suggest that consumer growth in the second half may slow to between 1% and 1.5%; and core PCE inflation is still expected to gradually decline, approaching the 2% target around 2027. Hatzius believes that after two consecutive months of soft employment and inflation data, the threshold for dovish members to shift toward supporting a rate hike will be very high.

BlockBeats message, on August 20, according to TradingBeats (formerly Hyperinsight) monitoring, as BTC rebounded, the giant whale address bc1qsy again sold 2,000 BTC early this morning, worth approximately $136.5 million. Over the past month, the address has cumulatively sold 9,513 BTC, with a total value of approximately $623.4 million.

BlockBeats message, August 20: F2Pool co-founder Wang Chun posted in the early hours today at 2:00 a.m., saying, “The bear market has ended.”

Wang Chun is an important early figure in the cryptocurrency industry and a co-founder of F2Pool. Earlier reports said that Wang Chun gradually bought the dip in June, accumulating about 70,600 ETH (about $117 million) and 966 WBTC (about $60.29 million).

However, during the July market rebound, he reportedly transferred 36,600 ETH and 160 WBTC to Binance in stages, with an estimated profit of $3.4 million.

WBTC+7.79%

BlockBeats message, August 20: CZ forwarded «his own views on Hyperliquid’s introduction to the U.S.» and said that many people overlook the bigger picture. Policies cannot apply only to a single company or project; a favorable policy benefits the entire industry.

Previously, CZ commented on «whether the Trump administration would introduce Hyperliquid to the U.S. in a compliant and lawful manner.» He said this would open more Perp DEXs and decentralized services to U.S. users, which is a major overall positive for the industry.

BlockBeats message. On August 20, according to Yu Jin monitoring, a whale that bought 10,501 ETH for $1,904 a month ago has started reducing its holdings. Fifteen minutes ago, the whale took profit and reduced its position by half: it transferred 5,250 ETH ($11.7 million) to Binance.

The ETH it bought a month ago is up $3.4 million.

Summary of suspected insider addresses behind the 819 surge: new address goes long 20,000 ETH

BlockBeats message: on August 20, amid a surge of 819, multiple suspected insider addresses have come to light. BlockBeats has compiled the following:
A newly created address, 0xedcdcaa1f18350c50c10bef860e64daa9785d05a, last night first went long on HYPE, took profit, and then switched to a 4x long on ETH. Its entry average price was $1,936. As of the time of publication, it holds 20,000 ETH long positions, with an unrealized profit of over $6 million.
An address, 0xde8d9e530b0528ffa7b1190f862536c055dd9524, began building a position in ETH on the 17th. As of the time of publication, it has accumulated 10,657 ETH (total value of $20.7 million), with an average build price of $1,942. It has now directly deposited the funds for staking.

HYPE+20.52%

Glassnode: Bitcoin is still in the "capitulation phase"; the current rebound should be viewed as a local rebound during the bottoming process

According to a BlockBeats news report on August 20, Glassnode released a report at 12:00 a.m. today stating that the Bitcoin on-chain structure is still in the "capitulation phase." The cost basis of short-term holders has fallen to about $68,500, below the real market average of about $75,800. Meanwhile, the maximum relative unrealized losses in this cycle are around 25%, which is significantly lower than the more than 60% level seen in prior cycle capitulation phases. This suggests that market losses in this cycle are relatively shallow but more widely distributed, and it may take longer to complete liquidation.
Glassnode also indicates that the 90-day moving average of the realized profit/loss ratio is currently 0.75, whereas historically, before seller exhaustion, this indicator typically falls below 0.5. Therefore, true seller exhaustion has not yet occurred. Glassnode further points out that until this indicator breaks back above 2, any price rebound should be regarded more as a local rebound rather than a fundamental shift in the market trend.

During the ETH surge, over $1.1 billion in on-chain short liquidations over 24 hours

BlockBeats message: On August 20, according to TradingBeats (formerly Hyperinsight), the crypto market has shown signs of recovery. ETH’s 24-hour increase reached 16.51%, and it is currently trading at $2,229.70. Over the past 24 hours, on-chain ETH liquidations were significant. The largest single liquidation came from one of the main addresses of “pension-usdt.eth,” totaling as much as $108.15 million, which occurred 6 hours ago; its other address also saw $3.18 million worth of short positions liquidated. Other major liquidations include the closing of a $13.82 million position belonging to “picholas,” a $9.98 million liquidation affecting the “0x01...a990 sub-address,” a $5.99 million liquidation for “0x83...f54a,” and more.

BlockBeats messages, on August 20, according to the latest Bitmine holdings data, the fund company holds a total of 5,815,164 ETH (worth $11.06 billion), with an average cost of $3,366. Because Ethereum surged by nearly 20% last night, its unrealized loss decreased overnight to $6.65 billion.

BlockBeats message: On August 20, according to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, five addresses withdrew $51.4 million worth of BTW from Bitget over the past 9 hours. In August, the coin’s price surged by as much as 770%.

It should be noted that the withdrawal time was today from 01:36 to 03:07. During this period, BTW was falling sharply (from 23:40, it rapidly dropped from $0.6727 to $0.3130, a decline of 53.4%). So far, these 150 million tokens have not been transferred or sold.

BTW-24.00%

BlockBeats news, August 20, according to the Ark Invest Tracker, Cathie Wood’s Ark Invest reduced its holdings of 501,466 shares of Roblox stock (about $19.4 million) and 28,549 shares of Brera Holdings stock (about $120,000) yesterday.

BlockBeats messages. On August 20, Fu Peng, chief economist of the New Hope Group, issued an opinion saying that recently, a joint intervention by the US and Japan in exchange rates has preemptively dismantled the risk of Japan potentially making large-scale sell-offs of US Treasuries, aiming to prevent the long end of the US Treasury market from facing pressure. This, in turn, caused the scale of long-end government bond repos to double, delivering a precise blow to summer short-selling forces and forcibly pushing down long-end yields and the term premium.

Fu Peng believes that the US-Japan intervention is intended to prevent a debt-interest spiral from triggering a collateral liquidity crisis. The combined US-Japan intervention, together with the return of hot money, has “nailed down” the short end while artificially suppressing the long end, resulting in a significantly flattened yield curve. Suppressed 10-year/30-year interest rates provide a valuation backstop for large technology and AI companies with strong cash flows. At the same time, it reduces the appeal of overseas carry trades, weakening overseas willingness to allocate to long-end US Treasuries.

Verified

Reviewing the “prophets” behind the August 19 surge: CZ hinted several hours in advance, and Arthur Hayes came out a day early with his project

BlockBeats message: On August 20, a series of remarks and actions by Trump yesterday triggered a sharp surge in the crypto market. These statements have had an extremely profound impact on the crypto market and may even serve as a signal that the bear market is bottoming out. Notably, several well-known figures had hinted beforehand through their words or actions.
At 7:36 last night, CZ posted a message hinting at buying the dip: “If you want your self two years from now to be grateful for what you’re doing today, then… (I’m not predicting any bottom. Nobody can do that. But try taking a one-year time horizon.)”
Arthur Hayes, meanwhile, on the 18th, made a high-profile announcement that he would end his retirement status, “come out of retirement” to lead the crypto AI project Flop Labs, and launch the token FLOP.

Well-known trader: After Bitcoin’s strong breakout, watch for a possible short-term pullback

BlockBeats report: On August 20, the well-known trader Killa compared the Bitcoin bottom pattern from late 2022 with the current pattern, advising investors to pay attention to the possibility of a short-term pullback from high levels: “Bitcoin can still hold the previous lows and won’t actually break them.”
He also said that the only way to verify this pattern is for BTC to pull back into the prior consolidation range and show clear signs of weakness on the 4H/1D charts. If there are no signs of weakness, and BTC does not return to that range, then the pattern will be disproven.
Killa, a quantitative trader focused on BTC, predicted the peak of this bull cycle in May 2025. On the X platform, he has over 200,000 followers. In mid-April, he shorted Bitcoin at $74,688, and during the market-wide drop on June 5, he switched to going long.