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According to Bitfinex citing Bitwise data, since the launch of the U.S. spot Bitcoin ETP in January 2024, publicly listed companies and U.S. spot ETPs have purchased 1.55 million BTC, while the new Bitcoin supply during the same period was approximately 455,000 coins, making the purchase amount 3.6 times the new supply, and this gap continues to widen.

CoinDesk analyst James Van Straten stated that Bitcoin typically experiences a price increase in the weeks leading up to a "Golden Cross." Currently, both the 50-day moving average (50DMA) and the 200-day moving average (200DMA) for Bitcoin have turned upward, and the market is approaching the Golden Cross formation. In 2022, Bitcoin's price never broke above the 200-day moving average, while the current market is forming a new structure. He stated, "This seems to be a new market phase."The Golden Cross is generally viewed by the market as a technical signal indicating a strengthening of medium to long-term trends, referring to the short-term moving average (50-day moving average) crossing above the long-term moving average (200-day moving average). However, this indicator is a lagging indicator, primarily used to confirm trend changes rather than predict short-term price movements. Glassnode data shows that historically, Bitcoin has often seen price increases before the 50-day moving average crosses above the 200-day moving average. The current BTC price has once again risen to the vicinity of the 200-day moving average, showing a significant difference from the 2022 market cycle.

The founder of the Liebit mining pool, Jiang Zhuoer, stated that last week, Bitcoin and Ethereum spot ETFs recorded inflows of approximately $1.92 billion and $700 million, respectively, with the inflow scale of the Ethereum ETF being about 36.4% of Bitcoin's. Meanwhile, the total market capitalization of ETH is currently about 18.8% of BTC, and its ETF inflow proportion is significantly higher than the market value ratio of the two.Jiang Zhuoer indicated that stronger relative capital inflows may be one of the factors for ETH's recent price increase outpacing BTC, with ETH's maximum increase this round being approximately 35.9%, higher than BTC's 26.6%. Additionally, as the United States promotes legislative structures for the crypto market and asset tokenization, the development of RWA may further enhance market attention on smart contract public chains.

According to on-chain analyst Ai Yi (@ai_9684xtpa), BTC has fallen below $76,000, and the whale "set 10 big targets" for short positions has returned to profitability. Their holdings include:BTC short position: 1,830.724 coins, valued at approximately $139 million, with an opening average price of $76,397.56, currently with an unrealized profit of about $800,000;ETH short position: 12,756.739 coins, valued at approximately $30.25 million, with an opening average price of $2,371.57, currently with an unrealized loss of about $30,000.It is currently unclear whether this address has closed its positions or has reopened short positions after previously reducing its holdings.

The Bank Policy Institute (BPI) is an organization representing large banks such as JPMorgan, Bank of America, Wells Fargo, and Citi. BPI proposed that the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury should expand customer identification program requirements to the secondary market for stablecoins, covering exchanges and other platforms that establish direct account relationships with retail investors.BPI stated that the relevant exchanges and platforms engage in a significant amount of buying and selling activities within the payment stablecoin ecosystem, where most illegal activities related to stablecoins occur. If the proposal is incorporated into the rules, the relevant platforms will be required to collect customer information in accordance with the Bank Secrecy Act, and decentralized exchanges may also fall under regulatory oversight. The proposed rules by FinCEN indicate that transactions in the secondary market for stablecoins on the blockchain typically use anonymous or pseudonymous identities, and there are no centralized nodes for collecting identity information, limiting the ability of issuers to gather customer data from the secondary market. BPI has also opposed the current version of the Digital Asset Market Structure Bill along with other banking organizations.

According to The New York Times, in March 2022, Sylwester Suszek, the founder of the Polish cryptocurrency exchange Zondacrypto (formerly BitBay), went missing and left a desperate voice message for his sister, leading his family to suspect he may have been murdered. Przemyslaw Kral, the lawyer who took over the management of the company, has also been missing for four months.Kral had previously released a video to reassure clients, stating that the company held over $330 million worth of Bitcoin, but the only person who possessed the unlocking keys was the missing Suszek. About two months after the website closed around April (on June 29), the Estonian Financial Intelligence Unit (FIU) revoked the license of its parent company.

According to CoinGlass data, the Coinbase Bitcoin premium index has been in a negative premium range for 97 consecutive days from May 19 to August 23, with the latest report at -0.0266%, setting a new record for the longest continuous negative premium since the index was launched.The previous longest record was 40 consecutive days from January 16 to February 24 this year, which also exceeded the approximately 30 days of continuous negative premium during last year's "1011 crash." The Coinbase Bitcoin premium index is used to measure the price difference of Bitcoin between Coinbase Pro and Binance. A sustained negative index typically indicates that Coinbase's quotes are relatively low, reflecting weak buying in the U.S. market or significant selling pressure, but it should not be solely relied upon to directly conclude that institutional funds are flowing out.

Grayscale's research director Zach Pandl stated that investors are generally advised against trying to time the market, but from the perspectives of structural adoption trends, market cycles, and macro risks, the current Bitcoin price may provide a favorable entry point for long-term investors. Grayscale believes that the continued growth of government debt, the expansion of blockchain technology applications in the financial services sector, and intergenerational changes in portfolio construction indicate that the long-term adoption trend of Bitcoin remains solid.Currently, this round of Bitcoin bear market has lasted about 10 months, while previous bear markets typically lasted 11 to 12 months, suggesting that the market may have entered the later stages of the bear market. The macro environment remains the main source of uncertainty. If the Federal Reserve raises interest rates in the near future, Bitcoin may decline further; if there are no rate hikes, the market may have already reached its bottom. Grayscale stated that structural adoption, cyclical positioning, and the overall macro outlook are currently relatively favorable, but future performance remains uncertain.

The Financial Supervisory Service of Korea submitted data to the National Assembly's Political Affairs Committee today, revealing that as of the end of July, the five major virtual asset exchanges in Korea have registered a total of 6,590 corporate accounts. Bithumb has the highest number of registered corporate accounts, reaching 3,280; the accounts under Upbit operator Dunamu total 2,086. The two major exchanges account for a total of 5,366 corporate accounts, making up 81.4% of the total. In addition, Korbit has 620, Coinone has 539, and Gopax has 65.

According to a report by the Korean News Agency, the Financial Supervisory Service of Korea submitted data to the National Assembly's Political Affairs Committee, revealing that as of the end of July, the five major virtual asset exchanges in Korea (Upbit, Bithumb, Coinone, Digital Asset Exchange, Gopax) have registered a total of 6,590 corporate accounts.In terms of the distribution of exchanges, Bithumb has the highest number of registered corporate accounts, reaching 3,280; the operator of Upbit, Dunamu, has 2,086 accounts. The two major exchanges account for a total of 5,366 corporate accounts, which is 81.4% of the total. Additionally, Korbit has 620, Coinone has 539, and Gopax has 65.In terms of compliance, there are a total of 711 corporate accounts that have completed customer identity verification (KYC), accounting for 10.8% of all corporate accounts. Among them, Upbit has the most with 290; Bithumb has 199, Korbit has 184, and Coinone and Gopax have 33 and 5, respectively. In terms of the scale of virtual asset holdings, Korean corporate accounts hold approximately 43.377 billion Korean won (about 31.2 million USD), with Upbit having the highest share, holding approximately 27.08 billion Korean won, accounting for 62.4% of the total; Bithumb holds about 6.29 billion Korean won, and Coinone holds about 5.15 billion Korean won. The deposit scale of corporate accounts is approximately 9.13 billion Korean won.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $7.024 billion, with long positions of $3.427 billion, accounting for 48.79%, and short positions of $3.597 billion, accounting for 51.21%. The profit and loss for long positions is $437 million, while the profit and loss for short positions is -$442 million.Among them, the whale address 0x082e..88 has a 5x leveraged long position on HYPE at a price of $38.6755, currently with an unrealized profit and loss of $57.0709 million.

Kendrick stated that this round of increase is mainly driven by short covering, while the current open interest remains at a low level. As prices rise, it may leave room for more investors to re-enter the market.

According to on-chain analyst Ai Yi's monitoring, a certain address woke up after 8 months of dormancy and purchased 2447.49 ETH through Tokenlon 40 minutes ago, spending 5.044 million USDT, with a cost of 2447.49 USD per ETH.This address had previously taken profits on ETH at around 3016 USD 9 months ago.

Polygon co-founder Sandeep Nailwal stated that in response to community calls, the team is advancing a proposal for staking and tokenomics reform. He revealed that Polygon's revenue has achieved a tenfold increase this year, delivering 5k TPS and a 25% reduction in block time, and is now moving towards a block time of less than 1 second, making it the right time for stakers to receive their rightful share.Key points of the proposal include: launching native staking similar to L1 on Polygon PoS, which can run in parallel with Ethereum staking; the priority fee for each transaction will flow to POL stakers (PIP-85 has been approved, and native staking will simplify implementation); staking rewards are expected to nearly double, supported by real network fees rather than inflation; staking POL may earn additional incentives such as discounted Gas fees; sPOL will maintain liquidity and can be used in DeFi. Polygon Labs will write the code and submit the proposal for community forum review.

Federal Reserve Chairman Waller will speak at the Jackson Hole Annual Economic Conference on August 27. Investors are eager for him to clarify the Federal Reserve's strategy in response to stubborn inflation, but it remains uncertain whether there will be a clear statement.Waller did not disclose his economic views after the July policy meeting, causing long-term bond yields to rise to a twenty-year high.

According to Coinglass data, in the past 24 hours, the total liquidation across the network reached $1.238 billion, with long positions liquidated at $742 million and short positions liquidated at $496 million. A total of 244,359 people were liquidated globally.The data shows that there has been a significant scale of liquidation in both long and short positions, with the amount of long position liquidations exceeding that of short positions. The relevant liquidation data comes from Coinglass's real-time statistics page, reflecting the clearing situation of leveraged positions under recent market volatility.

According to Catcher Predict monitoring on-chain data, significant capital movements are predicted in the Polymarket market. A large whale sold $101,080.19 on a single bet regarding the "Match Winner" in the event "Counter-Strike: FURIA vs FUT Esports (BO3) - Esports World Cup Playoffs." Based on the current transaction price, the latest corresponding winning probability for this bet is 65%.

Grayscale stated in a post on platform X that the rise of Bitcoin this week may signal a market turning point.It pointed out that historically, Bitcoin prices typically bottom out after a retracement of about 80% from the peak of the cycle; however, in this bear market, BTC has only retraced about 50% from its peak, which is a smaller decline than in previous cycles. The market had previously been discussing whether BTC would further decline in the fourth quarter of 2026, but Grayscale believes that although the downside risks have not been completely eliminated, this week's rebound may indicate that the market has formed a more sustainable bottom.

The Korea Exchange (KRX) plans to launch a new type of securities market on November 16, where assets such as artworks, real estate, and music copyrights can be traded through securities accounts like stocks.It is reported that the Korea Exchange is currently advancing the construction of the relevant trading system and the preparation of market participants, and will conduct a 6-week simulation trading period from October 6 to November 13. The official opening time may be adjusted based on the approval progress of the listed products by financial regulatory agencies.After the market opens, investors can buy and sell through securities company accounts, with trading hours consistent with the stock market. Analysts believe that the securities token offering (STO) industry in the Korean market is at a significant turning point. Although the new type of securities to be listed and traded in November will temporarily adopt traditional electronic securities methods for issuance and registration, tokenized securities based on blockchain distributed ledger issuance and management will gradually be implemented after the relevant laws are officially enacted in February 2027.

ARK Invest founder Cathie Wood stated in an interview, "Bitcoin is preparing for a new round of surge, and I am bullish on Bitcoin eventually reaching $1.5 million."Cathie Wood has consistently maintained her target price of $1.5 million for Bitcoin, even when most people initially thought she had "lost her mind." The core of this ARK Invest founder's bullish logic on Bitcoin is primarily based on three pillars: institutional adoption, fixed supply, and Bitcoin gradually becoming a true digital store of value asset. She has also repeatedly mentioned that a specific catalyst could significantly accelerate the realization of this goal: the U.S. government buying Bitcoin.