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According to Fortune, Bitcoin surged significantly this week, breaking through the previous range of $62,000 to $67,000 that lasted for several weeks, and rising above $77,000 on Friday. The important turning point in the market occurred after the U.S. Treasury announced an expansion of its long-term Treasury bond repurchase program, leading to a decline in long-term U.S. Treasury yields and the dollar, while alternative assets like Bitcoin and gold strengthened simultaneously.The U.S. Treasury stated that it would at least double the scale of long-term Treasury bond repurchases to alleviate the ongoing selling pressure in the bond market. Meanwhile, the total amount of U.S. Treasury debt surpassed $40 trillion, combined with inflation and energy price pressures, raising concerns in the market about the purchasing power of the dollar and long-term fiscal conditions. Funds began to flow into the so-called "debasement trade," with Bitcoin accumulating a rise of over 20% this week.Previously, many traders bet that BTC would continue to be constrained around $67,000, but after the Treasury's actions pushed yields and the dollar down, Bitcoin broke through that price level, forcing short sellers to cover. Since covering positions requires buying BTC, this further drove up the price and triggered more liquidations. According to CoinGlass data, over $4 billion in cryptocurrency short positions have been liquidated during this rally as of Friday.Additionally, Trump urged Congress to advance the CLARITY Act at a cryptocurrency conference held at the White House this week. CFTC Chairman Mike Selig subsequently stated that he would use existing authority to promote the government's cryptocurrency policy agenda, which also provided a policy-level catalyst for this market rally.

According to Forbes, thanks to early investments in tech companies like OpenAI and SpaceX, potential buyer of the NBA's Los Angeles Lakers, Josh Kushner, has seen his wealth grow nearly threefold this year, and the assets of his firm Thrive Capital have also nearly doubled due to bets on the artificial intelligence wave. As the founder of Thrive Capital, Josh Kushner previously earned substantial returns by investing in companies such as Instagram, Spotify, and OpenAI, and has become one of Silicon Valley's most successful venture capitalists in recent years.In recent months, Josh Kushner has frequently appeared at core events in the tech and capital circles. As the investment frenzy in artificial intelligence continues, venture capital firms that own core AI assets like OpenAI and SpaceX are becoming one of the biggest beneficiaries.It is reported that Josh Kushner is currently preparing to acquire the Los Angeles Lakers with former Disney CEO Bob Iger, with the deal valued at $1.25 billion. If completed, it will become one of the most notable capital operations in the history of professional sports in North America.

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.

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.

Neko Health is collaborating with the brain-machine interface company Neuralink, and Neko will assist in screening candidates for Neuralink's next round of trials.

According to Bitcoin Magazine, the real estate investment company Cardone Capital purchased 350 bitcoins, worth $26.9 million.

Laser Digital Japan, a digital asset company under Nomura Holdings, announced this week that it has completed the registration as a cryptocurrency asset trading service provider under Japan's Payment Services Act, with registration number 00032. It has also joined the Japan Virtual and Crypto Assets Exchange Association, ending nearly four years without new industry participants in Japan.The license covers six types of cryptocurrency assets: Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, and Shiba Inu, all of which are included in the industry's "green list." Initially, Laser Digital Japan will provide liquidity for licensed cryptocurrency companies in Japan, while the launch date for trading services aimed at professional investors has not yet been announced. Japanese regulations require the separation of customer assets from company assets, with at least 95% of customer cryptocurrency assets stored in offline cold wallets, and related measures verified through annual audits. This license does not cover cryptocurrency derivatives, nor does it allow Laser Digital Japan to initiate exchange-traded funds; major adjustments to Japan's cryptocurrency regulatory framework are expected to be implemented in the fiscal year 2027.

Factblock CEO and Korea Blockchain Week organizer Andrew Park stated that the South Korean crypto market is shifting from retail-driven trading to institutional digital finance. The focus of global financial institutions and enterprises has shifted from tokens, exchanges, and prices to custody, tokenization, stablecoins, payment settlement infrastructure, and regulatory compliance.The South Korean Financial Services Commission has proposed a framework to open corporate virtual asset accounts to approximately 3,500 listed companies and registered professional investors. The South Korean National Assembly has officially passed amendments to the Electronic Securities Act and the Capital Markets Act, incorporating tokenized real-world assets and security tokens into a unified legal framework.The Bank of Korea has completed the preliminary trial of the Project Hangang real-world deposit token project and plans to conduct the second phase of institutional testing by the end of 2026. Related technical experiments have utilized wholesale deposit tokens to allow AI agents to execute automated conditional trading.

Pantera Capital stated that Bitcoin has been in a narrow range for the past six months, and after a consolidation ends, the market often experiences significant and large fluctuations. Current market positions are reversing, with investors shifting from a wait-and-see or even net short stance to an increasingly strong willingness to go long. Bitcoin has broken through the 200-day moving average at $69,000, attracting momentum and trend-following funds to enter the market.From a long-term perspective, digital asset prices are still discounted by about 50% compared to previous highs, but the fundamentals continue to strengthen, including stablecoin adoption, prediction markets, perpetual contracts, and agency-based commerce. When the fundamentals improve while prices remain discounted, the logic of maintaining a constructive position becomes clearer.

On-chain data analyst Murphy stated that this round of BTC price increase is "a bit different": the scale of futures liquidations has reached a record, but the open interest (OI) has simultaneously decreased. The price increase is mainly driven by short liquidations or buy-ins to cover positions, which belongs to the clearing of existing positions rather than new leveraged net exposure. If driven solely by liquidations, prices often show a spike followed by a drop; this time, after the surge, the price has stabilized, indicating that there are other spot funds taking over.Murphy pointed out that if the contracts are dominated by long positions, OI usually rises and rates increase, but this round saw OI decrease almost throughout, with no large-scale new leverage entering the market. The exchange's spot relative trading volume (SRV) reached 2.94 from August 19 to 20, about three times the average of the past 30 days. Similar volume increases in the past two years have mostly occurred during panic sell-offs or bull market phases, which is different from the scenarios in January when it rebounded to about $96,000 and in May when it rebounded to about $82,000, where leverage was dominant.He emphasized that the demand for spot is only a potential sign that has appeared for the first time since entering a bear market, combined with the price challenging the short-term holder cost line (STH-RP) and the seller exhaustion index entering extreme zones, it is still insufficient to conclude a trend reversal.

According to CryptoBriefing, Texas-based Bitcoin mining infrastructure company Bitari Inc. submitted an S-1 registration statement to the U.S. SEC on August 21, seeking to raise $30 million through an initial public offering (IPO) on the Nasdaq Global Market, with the stock ticker BIAI.This offering will issue 4,285,715 shares of common stock, priced at $7 per share, with expected total proceeds of approximately $30 million, and net proceeds of about $27 million after underwriting and related expenses. Bitari is responsible for building and operating the physical infrastructure required for Bitcoin mining. Its current core facility is a 20-megawatt operational mine located in Wheeler, Texas. A second 20-megawatt mine is under construction in Dumas, Texas, and the company also has a contracted 20-megawatt mine in Marion, Indiana.

SpaceXAI announced the expansion of the availability of the Grok robot, adding support for SuperGrok Plus, Cursor Pro+, and Cursor Teams packages.

As the cryptocurrency market continues to rebound, Bitcoin mining companies and digital asset treasury company stocks rose over the weekend. The market believes that the U.S. Treasury's announcement to expand the long-term Treasury bond repurchase program has improved liquidity expectations, boosting risk asset sentiment and further enhancing the performance of crypto-related stocks.Bitcoin mining company Canaan's stock price rose over 25%; MARA Holdings continued to rise after gaining nearly 16% on Thursday. Digital asset treasury company Strive, which holds over 20,000 Bitcoins, rose more than 16% on Friday. Additionally, Trump stated that the U.S. government may purchase Bitcoin in a "large-scale" manner in the future.The market's rise is also driven by improved expectations for U.S. regulation. U.S. President Trump again called on Congress on Thursday to advance the CLARITY Act, which aims to further clarify the regulatory framework for digital assets in the U.S., delineating the regulatory responsibilities of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the cryptocurrency market.

According to the Wall Street Journal, Solana Company (HSDT) announced its voting positions on the first three Solana governance proposals: supporting SGP-0001 "Solana Constitution," opposing SGP-0002 to accelerate inflation reduction, and SGP-0003 to change transaction fees from fixed to floating.The company stated that supporting the new governance system is due to its allowance for stakers to participate directly in voting and retain the right to overturn votes from delegated operators, which is beneficial for institutional participation in network governance. Regarding inflation and fee adjustments, the company expressed that it is not opposed to the direction but believes that the current entry of institutions is still at a critical stage, and changes in core economic parameters may affect the stability and predictability of the rules.

According to Gate market data, Tesla (TSLA.O) intraday gains expanded to 5%.

According to businesswire, Bitcoin treasury company BSTR Holdings announced that it has reached an agreement with Cantor Equity Partners to terminate the business combination agreement signed by both parties on July 16, 2025.The reason for termination is that under the current market environment, the valuation of Bitcoin and publicly listed Bitcoin treasury companies continues to be under pressure, leading to a mismatch in the capital market, which restricts the amplifying effect of financing tools such as convertible bonds and perpetual preferred stocks in Bitcoin treasury strategies.BSTR stated that it will continue to promote institutional-level Bitcoin asset management business once the market environment stabilizes.

SK Hynix (SKHY.O) stated in a document that it has not yet decided whether to build semiconductor manufacturing facilities in Japan. The company responded to media reports regarding its potential factory construction in Japan.SK Hynix stated: "To enhance the competitiveness of the memory chip business, the company is evaluating various options, including the establishment of additional production bases, but no decisions have been made as of now." The company said it would further disclose relevant information when specific details are confirmed, or within one month after the release of this report.

Japan's financial regulatory agency has approved Laser Digital Japan to register as a cryptocurrency asset trading service provider, becoming the first new entrant to obtain this license in Japan in nearly four years, marking the acceleration of institutional-level digital asset services entering the Japanese market. Laser Digital stated that initially, it will provide liquidity services for local virtual asset service providers in Japan, with plans to further launch digital asset trading services aimed at institutional investors in the future, although the specific launch time and scope of services have not yet been announced.Laser Digital is supported by one of Japan's largest investment banks, Nomura Holdings. Co-founder and CEO Jez Mohideen stated that the Japanese digital asset market is entering a new stage of development, and as institutional investor interest increases, the market needs more reliable trading counterparts and infrastructure. Previously, a survey of institutional investors conducted by Nomura and Laser Digital showed that 79% of respondents plan to invest in cryptocurrency assets within the next three years. This regulatory approval comes at a time when Japan is advancing cryptocurrency asset regulatory reforms. Japan has previously reclassified cryptocurrencies as financial assets, establishing a legal basis for the future launch of cryptocurrency asset ETFs and the implementation of an independent tax system, with related new regulations expected to take effect in 2027. Laser Digital's Executive Chairman Steve Ashley stated that global institutional investors are increasingly focusing on the digital asset market and seeking professional infrastructure that meets institutional needs.

On August 21, the Japanese government will allocate an additional 150 billion yen (approximately 944 million USD) to support the chip startup Rapidus, increasing spending in hopes of competing with companies like TSMC. According to a knowledgeable source, the Ministry of Economy, Trade and Industry of Japan will seek more funding for this domestic contract chip manufacturer in the fiscal year 2027 budget.This government-supported joint venture was established in 2022, aiming to manufacture cutting-edge 2-nanometer chips by 2027 and help Japan reduce its dependence on TSMC. Policymakers view the success of Rapidus and technological independence in AI, robotics, and quantum computing as crucial to national security.

Gate announces the official launch of its Japanese stock trading service, initially covering about 300 stocks listed on the Tokyo Stock Exchange (TSE), including popular targets such as Toyota Motor, Sony Group, SoftBank Group, Mitsubishi UFJ Financial Group, Nintendo, and Tokyo Electron. Users do not need to open a separate traditional Japanese brokerage account or exchange for yen; they can directly participate in Japanese stock trading on the Gate platform using USDT. Currently, Japanese stock trading has been launched on the Gate Web platform, with the App version set to go live soon.In terms of trading functionality, Japanese stocks share the same stock account and related trading capabilities with Gate's US, Hong Kong, and South Korean stocks, supporting features such as market viewing, buying, selling, position management, and transaction record inquiries. Japanese stocks support trading during Japanese time from 09:00 to 11:30 and 12:30 to 15:25, corresponding to UTC+8 time from 08:00 to 10:30 and 11:30 to 14:25.The launch of Japanese stocks further enriches Gate's global multi-asset trading scenario. Currently, the platform supports over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 South Korean stocks, and about 300 Japanese stocks, providing a total of over 12,800 stock and ETF trading options. In the future, Gate will continue to expand into global core markets and quality assets, promoting the integration of traditional finance and digital assets, and providing users with a more diverse one-stop asset allocation choice.