Odaily News - Macro strategist Mark Connors stated that the U.S. Treasury's plan to regularly buy back long-term government bonds could become a significant catalyst for Bitcoin's next rally, potentially paving the way for BTC to reach a $180,000 target.

Connors believes that the U.S. Treasury's intervention in the bond market is a key signal, indicating that the government is addressing pressures from rising long-term borrowing costs. He noted that higher Treasury yields tend to attract capital into the bond market, thereby weakening risk assets, including inflows into cryptocurrencies. If buyback operations support bond prices and push yields lower, they could alleviate the macro pressures facing Bitcoin. It is expected that the scale of U.S. Treasury support could expand to $10 billion to $30 billion per month, far exceeding the current $4 billion level.

Connors previously anticipated that Bitcoin might have to wait until around November for its next phase of growth, but he now believes the market pace could accelerate. He suggested that if the U.S. further adjusts the Supplementary Leverage Ratio (SLR) rules to allow banks to hold more U.S. Treasuries, it could become a key factor driving Bitcoin's breakout. "When this change occurs, Bitcoin will begin to target its first price objective of $180,000," Connors said. He projects that Bitcoin's price range in this cycle through 2030 could reach between $180,000 and $360,000.

However, Connors also cautioned that short-term risks still depend on the progress of the U.S. CLARITY Act. If the bill does not advance before September 15, Bitcoin could face pullback pressure. He believes that progress on regulatory legislation will become an important factor influencing near-term market sentiment. (CoinDesk)

Odaily News Bitcoin News posted on the X platform that Citi plans to offer bitcoin custody services to institutional clients through its Custody+ platform later this year. The service will bring bitcoin into the same custody framework as traditional assets such as stocks and bonds, allowing clients to access custody, settlement, foreign exchange, cash, and liquidity services through a single system. Bitcoin will be the first digital asset supported by Citi's new custody service, and Citi has not yet announced a specific launch date or its initial client list.

Custody+ was launched by Citi Investor Services, with Citi's custody business covering over 100 markets and operating its own custody network in 62 markets. Citi stated that its goal is for the bank to self-custody native digital assets, rather than relying solely on external exchanges or other digital asset firms. The project has been in development for approximately two to three years, and Citi first disclosed related plans in 2025.

Citi stated that Custody+ will provide real-time settlement, foreign exchange services, automated hedging, cash management, and liquidity tools. Its Single Event Processing system within the custody platform currently handles more than 80% of event volumes in real time; in the United States, the system reduces processing time for certain voluntary corporate actions by up to 92%, with 96% of related events completed within two hours. Chris Cox, Head of Citi Investor Services, said that Citi invests more than $2 billion annually in its Services platform.

Odaily reported that Coinbase posted on the X platform, saying it seems like a good time to once again ask X to restore the Bitcoin emoji.

Odaily News – Fox Business crypto reporter stated on the X platform that the U.S. Commodity Futures Trading Commission (CFTC) will convene the first meeting of its Innovation Advisory Committee at 1:00 PM ET today, with discussions covering cryptocurrencies, AI, and prediction markets. Multiple executives who attended yesterday's White House event will participate in the meeting, along with other leaders from the crypto industry, traditional finance, academia, and the prediction market sector.

Odaily Planet Daily News: In an interview, Coinbase CEO Brian Armstrong said, "I think in the coming years, for instance by 2030, we will likely see Bitcoin reach $300,000 and $400,000." (Bitcoin Magazine)

Odaily News: U.S. President Trump announced on social media that James Bled, Director of White House Legislative Affairs, will leave in September. According to other reports, Bled is a senior aide responsible for liaising with Congress at the White House. Bled is another White House aide set to depart soon. On the 12th, Trump announced that White House Press Secretary Karoline Leavitt would resign at the end of August to spend more time with her family. (CCTV News)

Odaily News: Privacy blockchain project Beldex has announced the completion of an $8 million funding round, led by Sigma Capital, with participation from NTC, Nxgen, Digital Consensus Fund, EAK Ventures, and other institutions. The new funds will be used for developer tools, privacy applications, protocol security, AI infrastructure development, and ecosystem expansion.

Beldex is exploring the use of its privacy technology to protect the identity, payments, communications, and data processing of AI agents, including privacy-preserving AI identities, encrypted AI communications, confidential payments, secure AI execution, as well as research into technologies such as fully homomorphic encryption (FHE) and secure memory. (Decrypt)

Odaily News: According to MSX.COM data, the Nasdaq Composite Index's decline widened to 1%, reaching 26,070.99 points; the Dow Jones Industrial Average fell 0.79%, and the S&P 500 Index fell 0.43%.

Alphabet (Class A) shares fell 1.67%, Amazon shares fell 1.86%, SpaceX shares fell 6.36%, Tesla shares fell 2.08%, and Walmart shares fell 9.79%.

Odaily News: U.S. Treasury Secretary Scott Bessent stated that, as companies believe they will reap high returns from artificial intelligence investments in the future, the corporate bond issuance he has observed is "nearly insensitive to yields."

Odaily News: Federal Reserve's Musalem stated that he recommended a rate hike in July, hoping to bring inflation down to 2% within 18 months. When supply shocks occur, focus must be on core inflation. Forward guidance implies a commitment, while communicating the policy framework is a different matter. The labor market is not exerting inflationary pressure. (Jin10)

Odaily News: A couple in Landes, France, was taken hostage after multiple criminals broke into their home and demanded a large amount of Bitcoin and other cryptocurrencies. Around 4 a.m. local time, the man was found in the town of Solférino, completely naked and with multiple cuts on his body; the woman was found in another vehicle, in a different department farther away.

After the incident, French gendarmes blocked roads and launched an investigation. Two men have been arrested so far, and the case is being handled by the Bordeaux Interregional Special Court and the National Organized Crime Prosecutor's Office. (actu)

Odaily News: Fed's Musalem stated that raising interest rates now could help avoid more aggressive actions in the future, as high inflation is driven by shock factors and sustained demand. (Jin10)

Odaily News: Federal Reserve's Musalem stated that monetary policy is currently in a neutral or accommodative stance, financial conditions are fairly loose at present, the Fed is focused on keeping monetary policy independent from fiscal policy, and strong growth and investment are impacting the bond market. The Federal Reserve's credibility is not in question. (Jin10)

Odaily reported that Coldcard has released the latest firmware 5.6.1 (Mk4/Mk5) and 1.5.1Q (Q). This update is based on a three-week security review following the emergency fix on July 31, addressing security risks brought by the previous mnemonic generation attack. Each newly generated mnemonic must now include at least one source of user entropy, including at least 65 irregular keystrokes, 50 physical dice throws, or 128 physical coin flips, combined with fresh entropy provided by STM32 TRNG, SE1, and SE2. The new firmware also adds instant staged PSBT verification before signing, strengthens USB connection and firmware update boundaries, improves Delta Mode isolation mechanisms, fixes active wallet backup issues, enhances random number generator initialization and fault checking, adjusts SIGHASH default settings, and includes multiple security and correctness improvements. Coldcard stated that this update aims to further reduce the risk of device attacks. The official reminder notes that updating the firmware cannot fix existing mnemonics generated by previously affected firmware. If users' mnemonics fall within the scope of this security advisory, they should first update the device, then generate and verify a completely new mnemonic, and migrate funds to the new wallet. Coldcard recommends that all Mk4, Mk5, and Q users update their devices promptly and verify the signature of the downloaded firmware.

Odaily News: Bitcoin's recent upward momentum has strengthened, and it is approaching the formation of a "Golden Cross" technical pattern, which the market views as a long-term bullish signal.

Data shows that Bitcoin's current price has broken above $71,000, accumulating gains of over 12% in the past week. BTC's price is currently slightly above its 200-day simple moving average (SMA), with its 50-day moving average at approximately $63,976 and its 200-day moving average at around $69,005. If the 50-day moving average continues to climb and crosses above the 200-day moving average, a golden cross could form.

The 200-day moving average is commonly used to gauge the market's long-term trend. Sustained trading above this indicator is often viewed as a signal of a shift from a bear market to a bull market, while a break below it may suggest a weakening long-term trend.

Previously, Bitcoin had remained below its 200-day moving average since October 2025, when the price was around $110,000, keeping the market's long-term trend under continuous pressure. Historical data shows that BTC formed golden crosses in February 2023, October 2023, October 2024, and April 2025, each followed by further upward movements.

However, market uncertainty persists. Analysts point out that the current rally could also be merely a technical rebound rather than the start of a new long-term uptrend. If Bitcoin falls back below the 200-day moving average, the bullish thesis underpinning the golden cross may face challenges. (CoinDesk)