For-Exx Kripto

🔐 **END-OF-DAY MARKET REPORT — AUGUST 25, 2026**
🌐 **TOP NEWS OF THE DAY**
Grayscale launched the first U.S. privacy-focused cryptocurrency ETF, Zcash, on NYSE Arca under the ticker ZCSH; the product was created through the conversion of the Grayscale Zcash Trust, which had existed as a private investment vehicle since 2017, and carries a 2.5% annual management fee — roughly 10 times that of the iShares Bitcoin Trust
Following the ZEC ETF announcement, ZEC surged 45–73% on a weekly basis, reaching $880 on August 23, its strongest level since 2018, before retreating to around $814; ZEC futures open interest nearly doubled to $1.8 billion
The ETF launch came after a critical vulnerability discovered by security researcher Taylor Hornby in Zcash's Orchard shielded pool in May 2026 was patched in June, after the token had fallen from $602 to $299, followed by the July Ironwood upgrade — it was confirmed that circulating supply had not exceeded the fixed 21 million cap
The U.S. Treasury's decision to increase its bond buyback program to $4 billion per operation, along with CLARITY Act optimism generated by last week's White House meetings with Coinbase and Robinhood, continues to fuel the liquidity wave in crypto markets
The U.S. weekly ADP employment report will be released today; Fed Chair Warsh's comments ahead of this week's Jackson Hole Symposium (August 27–29) will be closely watched
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₿ **BITCOIN**
BTC opened this morning in the $78,950–79,100 range, up 1.6% from yesterday's open — its highest opening level in more than three months. During the day, it briefly broke above the $80,000 threshold, climbing to $81,023–81,240 before retreating to the $78,000–79,000 area. BTC has gained approximately 28% overall in August, completely erasing last week's losses in a single week. Market commentators say profit-taking pressure has increased above $80,000, while large on-chain transfers and exchange inflows are signaling potential short-term selling pressure; if volume fails to expand, the price could become range-bound again around $76,000–77,000. BTC remains significantly below its October 2025 peak of approximately $126,000–128,000.
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🔷 **ETHEREUM & ALTCOINS**
ETH opened this morning in the $2,475–2,482 range, up 0.8% from yesterday but experiencing a slight intraday pullback. Zcash has become the most discussed cryptocurrency of the week — the ETF catalyst combined with the privacy narrative and quantum-resistant wallet roadmap has increased institutional interest, including from Arthur Hayes and Multicoin Capital. Meanwhile, Monero continues to be systematically delisted from centralized exchanges amid regulatory pressure — market observers highlight this divergence between the two privacy coins.
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📋 **KEY CRYPTO NEWS**
Grayscale Index Head Steve Vanourny linked privacy technology to the rise of artificial intelligence, stating that the company will evaluate Zcash based on adoption, usage, and network security rather than price
Bloomberg Intelligence analyst James Seyffart said the trust-to-ETF conversion process, clarified through five amendments, has reached its final stage; DCG International's non-binding plan to contribute 200,000 ZEC could give an affiliate a stake of up to 34%
The EU's Anti-Money Laundering Regulation (2024/1624) requires crypto-asset service providers operating in the EU to cease services involving anonymity-enhancing tokens by July 2027 — ZCSH is a U.S.-listed product and therefore not directly affected, but it creates regulatory risk for EU institutional investors
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🔓 **TOKEN UNLOCKS**
**Humanity Protocol (H)**
August 25, 2026 (today)
Amount: ~$21.3 million (2.66% of circulating supply) — 266.47 million tokens
Selling pressure: 🟡
**Huma Finance (HUMA)**
August 26, 2026
Amount: ~$9.3 million (4.59% of circulating supply)
Selling pressure: 🟡
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🔭 **OUTLOOK & UPCOMING EVENTS**
Whether BTC can hold above $80,000 on a sustained basis will be the most critical technical test in the coming days; with increasing profit-taking signals and weak volume, the risk of a pullback toward the $76,000–77,000 range remains on the table. The Jackson Hole Symposium on August 27–29 remains the week's key macro event, with its direct focus on digital assets making it particularly important for crypto markets. The trading volume and price reaction of the Zcash ETF could set a precedent for the integration of privacy-focused crypto assets into regulated products — whether similar filings emerge will be closely watched. The August 26 HUMA unlock is a relatively small release and is expected to have a limited impact in an environment of strong risk appetite.

🔐 END-OF-DAY MARKET REPORT — August 24, 2026
🌐 TOP NEWS OF THE DAY
Bitcoin and Ethereum posted their strongest performance in recent weeks over the weekend; BTC reached its highest level since May, while ETH reached its highest level since late January/early February
CoinShares Head of Research James Butterfill described the rally as “a macro story, not a crypto story,” noting that easing inflation and weak employment data have weakened the case for further tightening
The Fed’s annual Jackson Hole Symposium will take place this week (August 27–29); the 2026 theme is “Financial Innovation and Payments and Their Implications for Policy” — its focus on digital assets makes it particularly relevant for crypto investors
The comment period on two joint SEC-CFTC requests covering crypto derivatives definitions and alternative compliance/swap data reporting closes today
BNB Smart Chain will activate the Pasteur hard fork this evening (22:30 TRT)
The U.S. weekly ADP employment report will be released on August 25; Fed Chair Warsh’s comments at Jackson Hole will be critical for market direction throughout the week
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₿ BITCOIN
BTC opened this morning in the $77,700–79,100 range, up 0.8% from yesterday’s open; after gaining approximately 22–24% over the past seven days, it is trading near the local high of $78,048 reached on August 22. Since the $64,928 level on July 24, the monthly gain has reached roughly $12,788. Analysts say the move has largely been driven by renewed demand for U.S. spot Bitcoin ETFs, short covering in derivatives markets, and a broad recovery in risk appetite; approximately $1.92 billion flowed into ETFs over the past seven days. Analysts warn that the market is now increasingly vulnerable to profit-taking, with $80,000 emerging as the next psychological test level.
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🔷 ETHEREUM & ALTCOINS
ETH opened this morning in the $2,463–2,507 range, up 1.6% from yesterday and approximately 26% on the week, outperforming BTC. The rally remains broad-based; XRP gained 14.6% last week, while Solana rose around 6–7%. The broader market reflects improving risk appetite supported by two separate regulatory developments in Washington: the SEC proposal offering a pathway for crypto projects to exit securities classification and continued pressure surrounding the CLARITY Act.
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📋 KEY CRYPTO NEWS
Atlantic Council senior fellow Hung Tran emphasized that the future direction of the Fed — increasingly populated by members who will take office under a new chair in May 2026 and increasingly share the White House’s economic agenda — will be more important for markets than Powell’s “farewell speech”
CoinDesk reported that the week will be shaped by “Jackson Hole colliding with geopolitical risk” — tensions between Iran and the U.S. and the risk of escalation in the Russia-Ukraine war remain sources of uncertainty in the background
Analysts assess that the SEC’s proposal offering crypto projects a pathway out of securities classification does not directly create new demand, but is significant from a reputational standpoint by strengthening the perception that the U.S. regulatory environment is becoming more accommodating
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🔓 TOKEN UNLOCKS
Humanity Protocol (H) August 25, 2026 Amount: ~$21.3 million (2.66% of circulating supply) — 266.47 million tokens Recipient profile: Three equal allocations Selling pressure: 🟡
Plasma (XPL) August 25, 2026 Amount: ~$8.91 million (3.31% of circulating supply) — 88.89 million tokens Recipient profile: Allocated to the ecosystem and growth fund Selling pressure: 🟡
According to Tokenomist, August 25 will see approximately $30.4 million in total unlocks; on August 26, HUMA is also expected to unlock 4.59% of its supply ($9.3 million).
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🔭 OUTLOOK & UPCOMING EVENTS
The Jackson Hole Symposium on August 27–29 is the week’s most important event — the direct focus on digital assets means Fed officials’ comments are likely to carry more weight for crypto markets than usual. A dovish tone on interest rates or a further decline in yields could support the continuation of the rally, while a hawkish surprise could trigger profit-taking. A sustained breakout above $80,000 for BTC stands out as the week’s most critical technical threshold. The H, XPL and HUMA unlocks on August 25–26 appear relatively absorbable in an environment of strong risk appetite.

🔐 END-OF-DAY MARKET REPORT — August 21, 2026
🌐 TODAY’S TOP HEADLINES
Bitcoin added $280 billion to the crypto market capitalization in 24 hours through a short squeeze on August 19-20, during which $3.5 billion in leveraged positions were liquidated — the largest recorded short liquidation wave since 2021 and the seventh-largest liquidation event of all time.
According to Kobeissi Letter data, more than $3 billion of the $3.5 billion in total liquidations came from short positions; BTC liquidations totaled approximately $1.67-$1.76 billion, while ETH liquidations reached around $1.13-$1.16 billion — more than $1 billion in BTC shorts were closed within a single hour.
U.S. spot Bitcoin ETFs recorded $606 million in net inflows on August 20 — the largest single-day inflow since May 1; Ethereum ETFs received $221 million the same day, with combined daily inflows exceeding $800 million.
The rally also spread to crypto-related stocks: Strategy rose 12%, while Coinbase, Circle and BitMine gained approximately 10%.
BTC futures funding rates (BTC 0.0101%, ETH 0.0103%) remain moderate — indicating that the new leverage buildup typically seen after a squeeze of this scale has not yet emerged; spot buying leading futures is viewed as a healthier signal.
The September 15 procedural Senate vote on the CLARITY Act remains the market’s most important medium-term event.
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₿ BITCOIN
BTC is trading in the $76,700-$77,200 range this morning, approximately 7.5% above yesterday’s open; it continued its rally with an additional gain of more than 4% during the Asian session, trading between $73,025-$79,306 over the past 24 hours. Reaching its highest level since early June, BTC broke out of its six-week sideways range and posted its strongest daily performance since March. The long-short ratio had fallen from ~1.05 on Tuesday to 0.835 before the squeeze, showing that the market had shifted toward short positioning ahead of the breakout and that the technical move turned into a massive liquidation event. Open interest increased 9.11% to $131.25 billion. BTC remains significantly below its October 2025 peak of ~$126,000.
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🔷 ETHEREUM & ALTCOINS
ETH is trading in the $2,320-$2,330 range, up 3.3% over the past 24 hours; after yesterday’s 19-20% surge, it is holding above $2,300. XRP gained 14.6% to reclaim the $1.26 level, while BNB rose 4.3% to $654. LIT gained 26.5% and PUMP rose 9.4% over the past 24 hours — the rally is expanding with broad altcoin participation beyond BTC and ETH. Total crypto market capitalization rose 4.54% to $2.47 trillion.
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📋 TOP CRYPTO NEWS
Analysts emphasize that the squeeze is also being supported by genuine demand — the $517.2 million ETF inflow on August 19 was the strongest daily flow in more than three months; the move is therefore not viewed as purely technical, with institutional demand also contributing.
Unlike the two major liquidation waves in June ($1.8 billion and $1.76 billion), pressure this time was concentrated primarily on short positions — a significant reversal in the market’s positioning structure.
CoinDesk reported that signals of regulators working toward a compliant path for Hyperliquid are helping fuel the second leg of the rally.
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🔓 TOKEN UNLOCKS
MultiBank Group (MBG)
August 22, 2026
Amount: ~$2.85 million (6.16% of circulating supply) — 27.15 million tokens
Selling pressure: 🔴
Note: High relative to the circulating float; carries a dilutive impact for a small-cap token.
Meteora (MET)
August 23, 2026
Amount: ~$1.16 million (1.31% of market capitalization)
Selling pressure: 🟡
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🔭 OUTLOOK & UPCOMING EVENTS
Funding rates remaining at moderate levels indicate that a new wave of excessive leverage has not yet accumulated following the squeeze — this could suggest the rally is developing on a healthier foundation, although whether spot buying continues should be closely monitored. The September 15 CLARITY Act vote remains the most important medium-term catalyst; a failure could lead to part of the rally being retraced. The MBG and MET unlocks on August 22-23 are relatively small releases expected to have limited impact in the strong risk-appetite environment. The market will continue testing whether BTC’s daily high above $79,000 can become a sustainable level.

Bitcoin’s Sharp Rally: Is a $2 Billion Treasury Buyback Enough to Explain This Move?
Bitcoin has closed higher in each of the last five trading days, with its gain over the past three days reaching approximately 24%. BTC moved above $77,000 today, posting one of its strongest performances in recent weeks. The move was not limited to Bitcoin; Ethereum, XRP, Solana and other large-cap crypto assets also posted sharp gains, following Bitcoin higher.
As a result, the total crypto market capitalization rose to approximately $2.6 trillion. Bitcoin dominance stands at around 60%. This indicates that the rally is not merely a speculative move concentrated in a few altcoins, but reflects strong risk appetite spreading across a broad section of the market.
What Triggered Bitcoin?
The most discussed catalyst behind the latest move was the U.S. Treasury’s decision to increase its long-term Treasury buybacks. The Treasury announced that it would raise the maximum size of long-term debt buybacks per operation from $2 billion to at least $4 billion. The decision created expectations that liquidity conditions in the Treasury market would improve and pressure on long-term yields could ease.
However, an important distinction needs to be made here.
Markets appear to be pricing this development almost like a liquidity injection or a new monetary easing program. Yet this is not a conventional QE program. Moreover, the scale of the operations remains relatively limited compared with the overall size of the U.S. Treasury market.
Therefore, in my view, explaining Bitcoin’s roughly 24% move over the past three days solely through a few billion dollars of Treasury buybacks is not sufficient.
The real story may be that this news became a powerful catalyst in an already heavily positioned market.
Short Squeeze Amplified the Rally
Billions of dollars in short positions were liquidated during Bitcoin’s rise. Total short liquidations over the past two days reached approximately $3.8 billion, and these forced purchases further strengthened the upward momentum.
The mechanism is quite simple:
Price rises → short positions lose money → positions are liquidated → BTC is purchased from the market to cover the liquidations → price rises further → new short positions come under pressure.
Therefore, alongside natural spot demand, it is important not to overlook the role of leverage-driven forced buying in a significant portion of the latest move.
Moreover, Bitcoin’s break above technically important levels caused investors who had previously been expecting selling to reassess their positions. This could allow the move to transition from simple short covering into a second phase where FOMO comes into play.
What Is Happening With Ethereum, XRP and Other Majors?
Bitcoin’s move quickly spread across the altcoin market.
Ethereum has shown a strong recovery in recent days, while XRP moved even more aggressively than Bitcoin. XRP gained approximately 20% over the past 24 hours, while Solana also posted strong gains. On a weekly basis, Ethereum, Solana and XRP have outperformed Bitcoin.
This is important.
There is a difference between the market rising because capital is flowing only into Bitcoin and capital beginning to rotate into higher-beta altcoins after Bitcoin.
We are currently seeing signs of the second scenario.
Bitcoin rises, followed by acceleration in large assets such as Ethereum and XRP, and then Solana and other high-beta coins follow the move. This structure resembles a classic risk-appetite and momentum cycle.
But this is exactly where caution is needed.
This Is Where My Main Doubt Begins
It is impossible to deny that the market has risen. The technical picture has improved significantly, liquidations have cleared sellers, ETF demand has recovered, and optimism surrounding crypto regulation in the U.S. has supported risk appetite.
However, I think it is still too early to put all of this under a single heading and say, “A new bull market has begun.”
The roughly 24% Bitcoin rise over the past three days has been extremely rapid.
In my view, treating the $2 billion Treasury buyback decision as the sole fundamental reason for this move is an overly simplistic interpretation.
The signal coming through the Treasury market, falling yields, pressure on the dollar, ETF flows, technical breakouts, the short squeeze, positioning and FOMO have all overlapped at the same time.
Therefore, the magnitude of the price move may be explained more by the market’s reaction to the news than by the news itself.
Beware of FOMO
The biggest risk is precisely here.
When Bitcoin rises approximately 24% within a few days, it becomes extremely easy for new investors to fall into a “fear of missing out” mindset.
However, positions opened through FOMO have a major problem:
Investors often buy simply because the price is rising, without researching why it is rising.
As long as these types of moves continue higher, everything appears to be working. But when momentum stops, those same positions can quickly turn into selling pressure.
Especially in a rally where billions of dollars in short positions have been liquidated, it is important to remember that part of the move may have been driven by forced position closures. Once the short squeeze ends, how far the market can rise on organic spot demand becomes much more important.
The Possibility of a Sharp Reversal Has Not Disappeared
From my perspective, the most important test of this rally begins now.
Can Bitcoin maintain its gains?
Will ETF inflows continue?
Can capital continue rotating into altcoins?
Will developments in the Treasury market translate into a genuine and lasting improvement in liquidity?
And most importantly, will real spot buyers remain in the market after the short squeeze ends?
The answers to these questions are not yet clear.
Therefore, neither dismissing the current move nor unquestioningly accepting it as the beginning of a new bull market would be correct.
Bitcoin’s rapid rise toward the $77,000-$79,000 region has significantly increased optimism across the market. However, it would not be surprising if volatility also rises substantially following such a sharp move in such a short period.
My approach is therefore clear:
The rally is real. Momentum is strong. But there is not yet enough justification for FOMO.
The market may be pricing the Treasury buyback news, the short squeeze, ETF flows and regulatory optimism all at the same time.
However, a rising price and a sustainable uptrend are not the same thing.
Over the coming days, the key question will not be how much higher Bitcoin can go, but what type of capital is carrying this rally.
Because if the move is being driven largely by leverage, short liquidations and FOMO, the reversal could be just as sharp as the rise.

🔐 END-OF-DAY MARKET REPORT — August 20, 2026
🌐 TODAY’S TOP HEADLINES
Trump met with Coinbase CEO Brian Armstrong, the Winklevoss twins from Gemini, Arjun Sethi of Payward, which operates Kraken, and Robinhood’s Vlad Tenev at a crypto summit held at the White House last night; he called on Congress to pass a “fair version” of the CLARITY Act.
The U.S. Treasury’s decision to double buyback operations for 20-30 year Treasuries pushed yields lower and, together with Trump’s summit, provided a second separate catalyst supporting risk assets.
The CLARITY Act is awaiting a critical procedural Senate vote on September 15; disagreements between Democrats and Republicans over government ethics provisions and stablecoin rewards continue, leaving the 60-vote threshold uncertain.
The CFTC’s Global Markets Advisory Committee will meet for the first time today to discuss crypto assets, artificial intelligence and prediction markets.
Crypto miner manufacturer Canaan rose 20%, stablecoin issuer Circle gained 8%, and Robinhood rose 5% — showing the rally is spreading beyond BTC; despite this, BTC remains approximately 18% below its year-to-date level.
Chainlink Labs CEO Sergey Nazarov said Trump sought feedback from executives in the Oval Office following the summit and that passing the CLARITY Act appears “very possible.”
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₿ BITCOIN
BTC opened this morning in the $68,150-$69,300 range, 7.1% above yesterday’s open — its strongest daily performance since February 2026. The price briefly climbed to $71,980-$71,986, breaking above $70,000 for the first time since early June, before retreating to the $68,000-$69,000 range. $1.4 billion in short positions were liquidated during the rally — forced buying by short sellers further fueled the move. Liquidation maps show heavy liquidity accumulation above $71,000-$72,000; breaking and sustaining above this zone is critical for the rally to continue. BTC is still approximately 40% below its October 2025 peak of ~$126,000.
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🔷 ETHEREUM & ALTCOINS
ETH outperformed BTC, rising 17.5% to the $2,250-$2,290 range — up more than 18.3% from Tuesday. XRP gained 15.6%, Solana 12.4%, and BNB 6.7%; the rally is progressing with broad-based participation. Crypto-linked stocks also benefited from the same wave, with Coinbase and Robinhood among the companies standing out in the rally.
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📋 TOP CRYPTO NEWS
Analysts emphasize that the rally is driven not by a single trigger but by two separate catalysts — the Treasury’s bond buybacks and Trump’s push for the CLARITY Act. The Treasury announcement had already begun lifting BTC alongside stocks, bonds and gold before the summit.
The CLARITY Act passed the Senate Banking Committee in May and the House in July 2025; if the Senate vote on September 15 fails, the bill could effectively be considered dead for this year — the limited window before the midterm elections adds further pressure.
SEC Chair Atkins said this week’s “Regulation Crypto Assets” proposal is connected to the need for the legal permanence that the CLARITY Act would provide, but emphasized that Congress cannot be replaced as the final solution.
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🔓 TOKEN UNLOCKS
Avalanche (AVAX)
August 21, 2026
Amount: ~$23 million (~0.7% of market cap) — ~3.58 million tokens (0.5% of total supply)
Recipient profile: Foundation
Selling pressure: 🟢
Note: Routine monthly Foundation unlock; strong overall risk appetite could facilitate absorption.
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🔭 OUTLOOK & UPCOMING EVENTS
Whether the heavy liquidity zone above $71,000-$72,000 is broken will determine whether the rally develops into a lasting trend reversal or a short-term squeeze. The September 15 procedural CLARITY Act vote is now the market’s most important medium-term event; failure remains possible and could lead to part of the rally being retraced. The CFTC’s first Global Markets Advisory Committee meeting today will be monitored for regulatory direction. The August 21 AVAX unlock is a routine release expected to have limited impact in the strong risk-appetite environment.

🔐 END-OF-DAY MARKET REPORT — August 19, 2026
🌐 TODAY’S TOP HEADLINES
The U.S. Treasury, led by Secretary Scott Bessent, announced it would at least double the size of its long-term Treasury buyback operations — the per-operation limit was raised from $2 billion to $4 billion; major operations will begin on September 9 and cover 10- to 30-year maturities.
Hours after the 30-year Treasury yield reached 5.34% on Tuesday, its highest level since 2007, the announcement triggered a sharp pullback in yields; the dollar weakened, and markets interpreted the move as liquidity support.
The SEC announced a new rule proposal called “Regulation Crypto Assets” on August 18 — it includes a “startup exemption” allowing crypto entrepreneurs to raise up to $5 million over four years without registering securities; a 60-day public comment period has begun.
Metaplanet plans to establish a U.S. treasury platform called “Superplanet” through a 2,100 BTC ($132 million) contribution to Nasdaq-listed Super League; the company held 43,000 BTC as of August 18.
South Korea’s Media and Communications Standards Commission classified Polymarket as an illegal gambling platform and decided to block domestic access; the Kospi index plunged 5.8% the same day.
The FOMC minutes from the July meeting will be released today; the White House will also hold a high-level meeting with crypto industry executives today.
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₿ BITCOIN
BTC surged 5-6% over the past 24 hours to the $68,000-$68,500 range following the Treasury’s buyback announcement, briefly touching a two-month high of $69,700 during the day. The price was rejected around the 200-day moving average at approximately $68,989-$69,031, a level tested for the first time since October 2025, before pulling back. $1.4 billion in short positions were liquidated during the move. Standard Chartered’s Geoff Kendrick said holding above $65,500 is the critical threshold for further upside, adding that investors should position toward a $100,000 year-end target. BTC had previously remained range-bound between $60,000-$67,000 for weeks, while implied volatility was at multi-year lows. U.S. spot Bitcoin ETFs recorded total net inflows of $297.5 million on August 17, led by BlackRock IBIT with $160.2 million.
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🔷 ETHEREUM & ALTCOINS
ETH outperformed BTC, rising 8.4% to $2,084; open interest briefly surged to $13 billion. Solana gained 7%. Gold also benefited from the same liquidity wave, rising 3.5% to $4 ,489, while silver reached $65.60. Crypto-linked stocks also joined the rally: Bullish rose 13% and Coinbase gained 11%, ahead of Trump’s meeting today with crypto and financial executives.
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📋 TOP CRYPTO NEWS
Analysts described the Treasury move as “quietly doing the Fed’s job,” interpreting it as an attempt to provide liquidity support amid rising public debt and interest payments — comments that “all roads eventually lead to Bitcoin” gained attention.
The SEC’s new proposal could open a path for mature networks such as Bitcoin and Ethereum to move beyond securities classification by meeting decentralization criteria; while the CLARITY Act remains stalled in the Senate, the SEC has moved forward with its own regulation based on existing law.
A Forbes analysis published the previous day had highlighted the risk that rising Treasury yields could trigger a 30% decline in BTC — the Treasury’s move appears to have reversed that risk for now.
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🔓 TOKEN UNLOCKS
LayerZero (ZRO)
August 20, 2026
Amount: ~$20.5 million (4.40% of circulating supply)
Recipient profile: Private Investors + Founders/Team + Community
Selling pressure: 🔴
Note: LayerZero’s ongoing ZRO buyback program, funded by Stargate revenue, partially offsets unlock pressure; the broader increase in risk appetite could also facilitate absorption.
Sui (SUI)
September 1, 2026
Amount: Community Reserve allocation; 40.75% of circulating supply has been unlocked so far
Selling pressure: 🟡
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🔭 OUTLOOK & UPCOMING EVENTS
Today’s FOMC minutes will be critical for how markets interpret the Fed’s rate path following the Treasury’s liquidity move — if the minutes are hawkish, part of the decline in yields could reverse. The White House’s meeting with the crypto sector today, together with the SEC’s new regulatory proposal, makes this an important day for the industry’s position in Washington. Whether BTC can sustainably reclaim the 200-day moving average (~$69,000) is the most critical technical threshold in the coming days; failure could bring a pullback toward $65,500. The August 20 ZRO unlock appears relatively absorbable in an environment of increasing risk appetite.

🔐 END-OF-DAY MARKET REPORT — August 18, 2026
🌐 TODAY’S TOP HEADLINES
U.S.-Iran negotiations remain deadlocked; restricted shipments through the Strait of Hormuz have revived concerns over energy supply, pushing Brent crude to around $91 per barrel.
The U.S. 10-year Treasury yield rose to 4.73%, while the 30-year yield reached 5.31%, its highest level in more than two years; elevated yields and oil prices are weighing on risk appetite.
All three major U.S. stock indexes declined; energy stocks were strong, while technology stocks were mixed.
The U.S. Treasury Department opened public comment on stablecoin implementation rules under the GENIUS Act.
Japan’s 5-year government bond yield rose 2 basis points to a record 2.18%.
A macOS screen-sharing vulnerability was exploited by attackers to gain root access and distribute Monero mining malware.
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₿ BITCOIN
BTC recovered to the $64,000-$64,500 range today after falling below $63,000 at the start of the week; the $65,000-$65,600 range remains a strong supply zone that has not been broken on any attempt this month. Despite more than $385 million in net outflows from spot Bitcoin ETFs last week, net inflows resumed on Monday following a three-day outflow streak.
$63,245 is being watched as short-term support, with a close below it potentially bringing the $62,665 area into focus; a break above $64,470 would signal strengthening buying confidence. The Fear & Greed Index stands at 40, around the fear-neutral boundary, while the Altcoin Season Index recovered to 46 — cautious, but no panic. $BTC
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🔷 ETHEREUM & ALTCOINS
ETH is trading weakly in the $1,895-$1,910 range in line with BTC; the continued deadlock in the Middle East is generally weighing on risk appetite. Total crypto market capitalization rose 2.6% daily to $2.28 trillion; BTC dominance stands at 56.5%, while ETH dominance is 10.1%. The Polkadot and XRP Ledger ecosystems were among the day’s top gainers. On the losing side, a sharp correction occurred: Velvet fell 44.5%, Cysic 36.4%, and SAFEbit 30.5%.
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📋 TOP CRYPTO NEWS
Jane Street’s Q2 13F filing showed that it increased its Bitcoin ETF position by $630 million, bringing its total to approximately $1.06 billion; in the previous quarter, it had reduced its overall BTC ETF position by 71%.
Bitmine increased its total Ethereum holdings to 5.82 million ETH with a new purchase of $19 million and 9,926 ETH — equivalent to 4.8% of circulating supply, approaching its 5% accumulation target.
Total stablecoin market capitalization fell to approximately $308.3 billion in July — the third consecutive month of net outflows.
Pump.fun launched a zero-commission trading model with cross-chain fees fixed at 0.1%.
The Ethereum Foundation released Platåberget, the early testnet for the Glamsterdam upgrade; the upgrade aims to increase L1 transaction capacity and block production efficiency in the second half of 2026.
Hyperliquid supported the SEC’s proposal to remove the order-protection rule, calling for best-execution guidance specifically tailored to on-chain markets.
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🔓 TOKEN UNLOCKS
Avalanche (AVAX)
August 20, 2026
Amount: approximately $268 million (2.4% of circulating supply) — 9.4-9.5 million AVAX
Recipient profile: Part of the routine monthly vesting program (team/investor and foundation allocations)
Selling pressure: 🔴
Note: One of the largest dollar-denominated unlocks of the month; its size creates short-term downside pressure risk for AVAX.
No new confirmed unlock above the threshold was identified for August 19.
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🔭 OUTLOOK & UPCOMING EVENTS
The U.S. August PMI data and Japan’s CPI, both due on August 21, will coincide with AKE’s unlock representing 9.35% of circulating supply, potentially increasing volatility toward the weekend. The August 20 AVAX unlock will be closely watched as one of the largest individual supply events remaining this month. Restricted tanker traffic through the Strait of Hormuz and rising oil prices are likely to continue pressuring risk assets, including crypto, through the geopolitical risk premium.

🔐 END-OF-DAY MARKET REPORT — August 15, 2026
🌐 TODAY’S TOP HEADLINES
OCC granted preliminary conditional approval to World Liberty Trust Company on August 14 to organize as a national trust bank; this allows World Liberty Financial to manage the reserves, issuance and redemption of its $4 billion USD1 stablecoin internally.
The CFTC used its emergency authority under Section 8a(9) to protect institutional prediction markets, including Kalshi, from state-level lawsuits.
The EU mandated implementation of its 20th sanctions package — crypto services to Russia will be banned through May 2026; exchanges including Binance have begun blocking transactions involving HTX and ten other non-compliant platforms.
Cboe BZX Exchange filed to list 3x leveraged Bitcoin and Ether ETFs — this is not an approval, only a regulatory filing.
Unverified claims of a Coldcard hardware wallet exploit are circulating in the market — 1,778 BTC (~$112 million) is allegedly being withdrawn from wallets using older firmware, but there is no official confirmation from Coldcard or an independent source yet.
CME open interest fell to ~123,000 BTC, its lowest level since February 2024; Binance surpassed CME in futures open interest for the first time since 2023 — institutional liquidity is shifting overseas.
━━━
₿ BITCOIN
BTC is trading in a narrow $63,000-$63,200 range, showing an almost flat move of just 0.05% since Friday. Spot ETFs recorded $56.2 million in net outflows on Friday — BlackRock IBIT led the outflows with $55.5 million, followed by Fidelity FBTC with $6.8 million, while Bitwise BITB was the only exception with $6.1 million in inflows. The Crypto Fear & Greed Index rose to 35 (30-day average: 28), indicating a partial recovery from deep fear but still below neutral. Long liquidations reached approximately 4.9 times short liquidations — crowded long positioning remains under pressure.
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🔷 ETHEREUM & ALTCOINS
Solana ETFs recorded $10.26 million in weekly inflows, the highest weekly inflow among all crypto ETFs. Chainlink stood out among large-cap coins, rising 7.53% to $9.41, with daily volume reaching $630 million. OKB rose 5.07% to $106.97, while Avalanche gained 4.0% to $6.66; ACE surged 102.8% following a confirmed Bitget PoolX promotion.
━━━
📋 TOP CRYPTO NEWS
The SEC postponed its proposed tokenization “innovation exemption” and canceled its August 14 meeting — regulatory uncertainty is being pushed into September.
The Wyoming Blockchain Symposium and the academic Crypto 2026 (IACR) conference in Santa Barbara will take place on August 19-20; on August 19, the Fed will release the minutes of its July FOMC meeting, while the White House will hold a high-level meeting with crypto, finance and prediction-market executives.
The crypto sector continues to increase user participation through Bitget PoolX and similar lock-up promotions; ACE’s lock-up period ends at 12:00 UTC on August 17.
━━━
🔓 TOKEN UNLOCKS
YZY
August 16, 2026
Amount: ~$35.22 million (22.83% of circulating supply) — 120.83 million tokens
Recipient profile: Yeezy Investments LLC (Vesting 3: 100M, Vesting 1: 12.5M) + other allocations
Selling pressure: 🔴
Note: The largest single cliff unlock of the month by dollar value; the highly concentrated recipient profile increases selling risk.
━━━
🔭 OUTLOOK & UPCOMING EVENTS
BTC’s tight range and CME open interest falling to multi-year lows indicate that institutional liquidity is shifting toward overseas exchanges, particularly Binance — this structural change could affect where price discovery takes place over the medium term. If the unverified Coldcard exploit claims are confirmed, self-custody security could return to the forefront. The August 16 YZY unlock carries daily volatility risk due to its highly concentrated recipient profile. The FOMC minutes on August 19 and the White House meeting with the crypto sector stand out as the most critical events of the coming week.

August 17–21, 2026 | Weekly Risk Calendar
🎯 Main Theme of the Week
July CPI softened to 3.4%, while core CPI fell to a five-month low of 2.5% — both came exactly in line with expectations. PPI remained unchanged, with the expected 0.2% increase failing to materialize. This combination of softer data, together with July’s -23K NFP shock, pushed expectations for a September hold to 64%. However, while the data has calmed, the calendar has not: this week brings both the July FOMC minutes and a global central-bank PMI package — the market will get its first look at what was actually discussed at the meeting that passed with three dissenting votes under Warsh. August NFP and CPI have not yet been released; this week is an interim breather on the road to the September FOMC, but the minutes could contain surprises.
📅 Economic Calendar
Tuesday – August 18
🇺🇸 15:30 TRT — Housing Starts & Building Permits, July 2026
🇺🇸 16:15 TRT — Industrial Production & Capacity Utilization, July 2026
The July picture for the interest-rate-sensitive housing sector and manufacturing side. Following the weak employment picture, these two indicators will test the breadth of growth — is only the labor market weakening, or is the broader economy slowing as well?
🇬🇧 09:00 TRT — UK CPI, July 2026
The trajectory of UK inflation; a parallel data point showing whether a global disinflationary picture is emerging alongside the Fed’s easing signals.
Wednesday – August 19
🇺🇸 21:00 TRT — FOMC Minutes (July 28–29 Meeting)
The centerpiece of the week. At that meeting, three members (Hammack, Kashkari, Logan) dissented in favor of a 25-basis-point hike, while Warsh defended the framework that “we are looking at the direction of the data, not a single data point.” The minutes will show the depth of this internal debate: How strongly were the dissenting members’ arguments presented? Since the members were discussing this at the meeting before the July NFP came in at -23K, the minutes reflect an internal Fed debate that was unaware of the weak employment picture we have today — this lag factor will shape how the market interprets the minutes.
Friday – August 21
🌍 Afternoon — Global S&P Flash PMI Package (Germany, Eurozone, UK, U.S.)
🇺🇸 16:45 TRT — U.S. S&P Global Flash PMI (Manufacturing + Services), August
The first real-time activity data for August. Following July’s -23K NFP shock, this will provide the first fresh signal on businesses’ hiring and growth plans. The prices sub-indices will show whether the zero growth in PPI is continuing.
⚡ Crypto & Market Risks
FOMC Minutes (Wednesday 21:00):
Strong representation of the dissenting members’ arguments in the minutes → the market remembers that a September hike remains on the table, and the dollar could recover. If the minutes show Warsh’s “we are waiting for the data” framework as dominant → the current 64% hold pricing is reinforced, maintaining a neutral-to-positive backdrop for risk assets. The critical point: The minutes are a backward-looking snapshot — they do not include the July NFP shock, meaning the market may view them as “old news” and largely look past them.
Flash PMI (Friday 16:45):
A signal that hiring intentions are weakening → strengthens the interpretation that the NFP shock was not a one-month anomaly but part of a genuine slowdown; September hold expectations become even more entrenched, supportive for crypto. A strong PMI, however, would support the thesis that -23K was statistical noise and could make the market cautious again.
Calm but fragile week:
August NFP and CPI have not yet been released — this week is an interim window. Combined with low summer liquidity, an unexpected sentence in the FOMC minutes or Flash PMIs could trigger a disproportionately large market reaction. Jackson Hole (August 27–29) is the next major event; this is a positioning week.
$BTC $XRP

Fed’s Search for a New Path: Rate Hike Risk Remains on the Table After Inflation Data
The Federal Reserve’s decision to keep the policy rate unchanged at 3.50%-3.75% at its July 28-29 FOMC meeting has brought a persistent question back to the forefront of markets: Will the Fed’s next move be a cut or a hike? The inflation data released on August 12 and a series of hawkish central bank messages suggest that the answer may be shifting in a different direction from what markets previously expected.
July Decision: Divergence Beneath the Surface
The Fed’s decision to hold rates steady at its July meeting was not unanimous, passing by a 9-3 vote. The fact that three committee members voted for a 25-basis-point hike showed that differences of opinion over inflation risks had surfaced within the committee. The meeting minutes, due to be released on August 19, will reveal the reasoning behind this divergence and will be closely watched as a critical data point ahead of September.
CPI Softer Than Expected, But Did Not Change the Picture
The July inflation data released on August 12 presented a mixed picture. Annual CPI edged down to 3.4% from the previous month, while the monthly increase was 0.1%. Core CPI came in at 0.2% month-over-month and 2.5% year-over-year. Ahead of the data, weak employment figures — including a 23,000 decline in July nonfarm payrolls and ADP private-sector employment coming in below expectations — had strengthened expectations that inflation could slow; while the CPI’s moderate reading did not completely remove the hike scenario, according to CME FedWatch, the probability of a September hike fell to 50% from around 60% before the employment data.
Hawkish Camp: Kashkari, Cook and Warsh on the Same Line
Despite inflation losing momentum, the hawkish tone within the Fed has not faded. Minneapolis Fed President Neel Kashkari, one of the three members who voted for a hike at the July meeting, argued that rates should begin to rise gradually now to contain inflation. Fed Governor Lisa Cook delivered a similar message, saying they are prepared to hike if inflation does not slow and emphasizing that policymakers may not have the luxury of waiting for a return to the 2% target.
Fed Chair Kevin Warsh also closed the door on any flexibility around the inflation target; he said there would be no “soft inflation target” or “implicit loose target” approach, with 2% remaining the only reference point. According to the Financial Times, Warsh also signaled that he would be prepared to raise rates at the September meeting if inflation data came in high.
Change in Leadership: From Powell to Warsh
Kevin Warsh became the Fed’s 17th Chair on May 22, 2026, replacing Jerome Powell. His Senate confirmation passed by a narrow 54-45 margin, making the appointment one of the most contentious chair confirmations of the modern era. Warsh was known for his strong criticism of the Fed becoming overly involved in markets and arguing that forward guidance could lead to policy mistakes; sources close to the matter have also confirmed that he has raised the possibility of reducing the frequency of FOMC meetings since taking office.
Trump, meanwhile, said the rate-decision process depends partly, though not entirely, on Warsh, emphasizing that the decision does not belong to him alone.
Jackson Hole in Focus
Investors are now turning their attention to Warsh’s first major speech at the Jackson Hole Economic Policy Symposium. Market participants expect broader and more directional signals from the speech; given Warsh’s distance from forward guidance, he is likely to avoid firm commitments and emphasize data dependence.
Next Stop: September 16
There is no scheduled FOMC meeting in August; the next rate decision will be announced at 21:00 TRT on Wednesday, September 16, following the September 15-16 meeting. This meeting is particularly important because it is one of the four meetings that will include updated economic projections (SEP) and the dot plot.
In summary, the picture is as follows: The moderate CPI reading reduced rate-hike expectations somewhat, but a series of hawkish messages from Kashkari, Cook and Warsh shows that the debate over “rate-hike risk” continues to replace the “rate-cut cycle” scenario that markets had priced in for a long time. The August 19 meeting minutes and Warsh’s Jackson Hole speech will be key in determining the direction before September.
$BTC

🔐 END-OF-DAY MARKET REPORT — August 14, 2026
🌐 TODAY’S TOP HEADLINES
July PPI came in at 4.7% year-over-year, below expectations of 4.9%; however, the crypto market failed to recover despite the moderate reading, with spot Bitcoin ETFs recording net outflows for a second consecutive day.
The SEC canceled its “Regulation Crypto” meeting, its first major regulatory initiative for crypto assets, citing scheduling issues and without providing a new date.
Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion — the deal brings approximately $30 billion in options-based revenue ETFs, including Bitcoin- and Ethereum-linked funds, under Goldman’s asset management umbrella.
Sharplink is expanding its yield strategy by directing $200 million of ETH from its Ethereum treasury into liquid staking through Lido; the assets will be held in custody by Anchorage Digital.
Bitcoin’s 30-day implied volatility index (BVIV) fell to ~36%, its lowest level of 2026 — the VIX index is also at its lowest level since January, indicating a low-volatility regime across markets.
Ongoing Iran-U.S. tensions and rising sovereign debt/bond yields remain background risk factors.
━━━
₿ BITCOIN
BTC fell to the $62,700-$63,000 range this morning, opening unchanged from yesterday but declining more than 1% intraday to its lowest level since August 3; the entire rally from last week has been erased. Trading below all major moving averages, BTC’s Fear & Greed Index fell to 29, while the daily RSI14 stands at 42, weak but not yet in oversold territory. The support zone around $62,532 overlaps with the lower Bollinger Band; reclaiming the EMA20 above $63,961 could signal that the downtrend is weakening. Nevertheless, Bitcoin ETFs still recorded $850 million in net inflows — institutional demand has not completely disappeared despite spot weakness.
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🔷 ETHEREUM & ALTCOINS
ETH is trading in the $1,870-$1,885 range, showing relative resilience compared with BTC despite the broader low-volume market sell-off. XRP continues to consolidate near the $1 level. NEAR, Morpho, TAO and Jupiter have fallen approximately 2% since midnight; cautious positioning remains the dominant theme across altcoins.
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📋 TOP CRYPTO NEWS
Spot Bitcoin ETFs recorded total outflows of $192 million for a second consecutive day — the first back-to-back outflow streak since late July.
RedotPay has suspended plans for a $1 billion U.S. IPO, according to Bloomberg.
Market pricing for the CLARITY Act remains uncertain; analysts believe the bill’s eventual passage would be a long-term catalyst, but is unlikely to be a decisive factor in the near term.
━━━
🔓 TOKEN UNLOCKS
Connex (CONX)
August 15, 2026
Amount: ~$11.55 million (1.43% of circulating supply) — 1.32 million tokens
Selling pressure: 🟡
Arbitrum (ARB)
August 16, 2026
Amount: ~$7.19 million (1.61% of circulating supply) — 92.65 million tokens
Selling pressure: 🟡
━━━
🔭 OUTLOOK & UPCOMING EVENTS
Despite PPI coming in below expectations, BTC’s failure to recover and the second consecutive day of ETF outflows indicate that the market is experiencing weakness driven more by liquidity and positioning than by macro factors. The SEC’s postponement of the Regulation Crypto meeting extends short-term regulatory uncertainty. Goldman’s acquisition of NEOS shows that institutional consolidation in crypto-linked income products is continuing. The CONX, ARB and YZY unlocks on August 15-16 could provide an additional source of volatility across altcoins in the coming days; whether the low implied-volatility regime continues should become clearer toward the end of the weekend.

🔐 END-OF-DAY MARKET REPORT — August 13, 2026
🌐 TODAY’S TOP HEADLINES
Metaplanet CEO Simon Gerovich said the transfer of 5,014 BTC ($322 million) was a routine treasury operation, with no sale taking place and the company’s 43,000 BTC holdings remaining unchanged; the transfer cost only ~$8 in network fees.
Fidelity filed with the SEC to add staking to its spot Ethereum ETF.
In Hong Kong, HashKey began offering its regulated HKDAP stablecoin to eligible investors.
Bitwise CIO Matt Hougan said valuations of crypto assets outside Bitcoin could at least double if protocols direct their revenues toward token buybacks and burns.
In South Korea, the head of CeFi lender Delio was sentenced to 15 years in prison for embezzling $50 million from more than 1,100 customers.
U.S. July PPI data and jobless claims for the week of August 8 will be released today; Cisco and Coherent will report quarterly results, while Google will announce a new product launch.
━━━
₿ BITCOIN
BTC opened this morning in the $63,400-$63,600 range, slightly negative from yesterday; every daily opening this week has been lower than the previous day, and daily/weekly/monthly/yearly trends have turned negative. After briefly recovering to $64,400-$64,500 following yesterday’s CPI, the price failed to hold its gains and pulled back to the $63,200-$63,300 range. The $62,000-$66,000 range remains the main trading range since CPI; as long as the Strait of Hormuz remains closed and no lasting solution is reached with Iran, it is becoming harder for BTC to hold above $65,000.
━━━
🔷 ETHEREUM & ALTCOINS
ETH opened in the $1,870-$1,880 range and is slightly negative from yesterday. Monero and Hyperliquid started the day outperforming to the upside in a broader market moving within a narrow, low-volatility range. Fidelity’s application to add staking to its ETH ETF is notable for the expansion of institutional Ethereum products.
━━━
📋 TOP CRYPTO NEWS
KuCoin Research reported that the moderate CPI reading eased rate-hike pressure, but geopolitical tensions in the Middle East are limiting the upside potential in risk appetite.
Bullish reported a $280 million loss in the second quarter due to a $244.6 million decline in the value of its Bitcoin holdings; subscription revenue partially offset the slowdown in digital assets.
Figure’s tokenization-focused blockchain lending marketplace volume surged to $4.3 billion, while quarterly revenue reached $226 million.
━━━
🔓 TOKEN UNLOCKS
UP
August 13, 2026
Amount: ~$3.06 million (7.44% of circulating supply)
Selling pressure: 🔴
Note: One of the highest-ratio unlocks of August; high relative to the circulating float.
SEI
August 15, 2026
Amount: ~$3.7 million (1.42% of circulating supply)
Selling pressure: 🟡
STRK
August 15, 2026
Amount: ~$3.2 million (3.61% of circulating supply)
Selling pressure: 🟡
━━━
🔭 OUTLOOK & UPCOMING EVENTS
Today’s PPI data and jobless claims will be watched to see whether they confirm the moderate inflation picture created by yesterday’s CPI. BTC’s declining opening trend every day this week and its inability to hold above $65,000 show that the unresolved situation in the Strait of Hormuz continues to limit risk appetite. UP’s high-ratio unlock today, followed by SEI and STRK unlocks on August 15, could create volatility among mid-cap altcoins. Progress in the SEC process for Fidelity’s ETH staking ETF application will continue to be monitored as a potential medium-term catalyst for institutional Ethereum demand.