Odaily News: According to Gate data, WTI crude oil fell 2% in the day, now at $82.86 per barrel. Brent crude is currently down 1.65%, trading at $88.88 per barrel.

Odaily News According to monitoring by Ai Yi, 11 addresses associated with Bit have successively closed out long positions in BTC and ETH worth approximately $419 million, realizing a cumulative profit of about $55.095 million. Currently, only address 0xf78 still holds a long position of 1,602.11 ETH, with a position value of approximately $3.97 million and an unrealized profit of about $707,000.

Odaily News: CryptoQuant analyst Axel Adler Jr. stated that BTC has reclaimed the short-term holder cost basis of $68,200 during this rebound, while also breaking above the SMA111 at approximately $67,500 and the SMA200 at $69,000 on rising volume, bringing recent BTC buyers back into profit.

However, he noted that the overall moving average structure remains bearish, with both SMA111 and SMA200 sitting below the SMA365 (around $83,200), meaning a larger-scale trend reversal has yet to be confirmed. Going forward, the key support zone to watch is the $68,000 to $69,000 area, while the $83,200 level serves as resistance above; only if BTC can break through and hold above the SMA365 could it serve as a significant confirmation signal of a trend shift.

Odaily News: Standard Chartered has become the first authorized bank to support the circulation of HKDAP. HKDAP is Hong Kong's first regulated, HKD-backed stablecoin. (Cointelegraph)

Odaily News: According to MSX.COM data, U.S. pre-market crypto-related stocks are slightly higher, with Strategy up 2.08%, Circle up 1.46%, Coinbase up 2.45%, Robinhood up 2.38%, and BMNR up 2.69%.

Odaily News, CryptoQuant analyst Darkfost stated on the X platform that total BTC demand has continued to increase over the past 30 days, currently standing at approximately 170,000 BTC. He noted that although signs of short-term overextension in BTC are becoming increasingly apparent, the market appears to have entered an impulsive upward phase driven by demand, with new demand absorbing sell-side pressure from profit-taking.

Historical data shows that synchronized growth in spot and futures demand is typically accompanied by strong upward trends. As long as current demand remains sustainable and absorbs short-term profit-taking orders, upward momentum may persist even as the market enters overbought territory.

Odaily News, according to PeckShield monitoring, address 0x854e...690d purchased YT-reUSD on the market, briefly pushing its implied yield to 20%, then quickly sold off the related positions, triggering a large-scale liquidation of PT-reUSD leverage loop positions on Morpho, with a liquidation amount of approximately $36.39 million.

Odaily News: According to EmberCN monitoring, Hyperliquid's largest long address took profit and closed 800 BTC positions 4 hours ago, worth approximately $64.4 million. Its original long position of approximately $537 million has now been reduced to only about $80 million, while another address still holds 1,000 BTC in long positions that have not yet been closed.

Over the past three days, this whale has taken profits and closed approximately 120,000 ETH and 2,000 BTC positions, realizing profits of approximately $61.72 million.

Odaily News, according to the official announcement, Gate will list Cash Cat (CASHCAT) for spot trading at 16:00 (UTC+8) on August 25, and will launch Cash Cat (CASHCAT) perpetual contract live trading (USDT-settled) at 16:10 (UTC+8), supporting 1-20x leverage. In addition, Gate will list Cash Cat (CASHCAT) on its flash swap platform at 17:00 (UTC+8).

Odaily News: Stanley Druckenmiller and Cathie Wood both increased their holdings in Amazon and Alphabet during the second quarter of 2026. Druckenmiller's Duquesne Family Office increased its Amazon position by a substantial 1,083%, to 541,600 shares, valued at approximately $129 million; meanwhile, it established a new Alphabet position of 336,300 shares, valued at approximately $120 million.

Cathie Wood's ARK increased its Amazon holdings by 18% over the same period, to approximately 1.59 million shares, valued at around $379 million; Alphabet holdings rose by 45%, to approximately 1.04 million shares, valued at around $369 million.

The above data comes from Q2-end 13F filings and does not reflect the two firms' current positions. (TheStreet)

Odaily News: As AI trading sentiment cools and South Korean regulators take measures to curb related investment demand, leveraged ETFs tied to the country's chipmakers have seen nearly $1 billion in outflows this month.

So far, Samsung Electronics-linked leveraged products have seen approximately $381 million in outflows in August, while SK Hynix-linked products have seen about $601 million. If this trend continues, it would mark the first monthly net outflow since these products were launched at the end of May. (Bloomberg)

Odaily News CryptoQuant analyst Moreno stated in a report that whales that recently accumulated positions have taken large-scale profit-taking during BTC's latest rebound, realizing over $1.2 billion in profits within three days — marking the largest profit-taking event on record for this group.

Additionally, he noted that if BTC can hold above the whale cost basis of approximately $70,000, while the realized profits of whales gradually return to normal levels, it would suggest that new market demand is effectively absorbing their profit-taking sell orders.

Odaily News, Strive CEO Matt Cole stated on the X platform that February 19 marked the bottom of the current bear market for ASST. Despite the extremely pessimistic market sentiment toward the company at the time, his belief in Bitcoin and the company's long-term strategy remained unchanged. During that period, company executives and directors also purchased ASST shares with their own funds, and some directors resigned from the board to join the company full-time.

Strive stated that while ASST's stock price has surged significantly and market sentiment has clearly warmed, the company's focus remains unchanged. It believes the Bitcoin bull market is just beginning and has built a capital structure around Bitcoin that can amplify its performance, adding that it remains "All-In."

Odaily News - Asset manager Franklin Templeton plans to incorporate its tokenized money market fund, the Franklin Onchain U.S. Government Money Fund (BENJI), as holdings or collateral within exchange-traded funds (ETFs) and mutual funds, involving approximately $2.6 billion in assets. The initiative could launch as early as the fourth quarter.

The U.S. Securities and Exchange Commission (SEC) has granted no-action relief for this structure, allowing Franklin Templeton's funds to use BENJI for cash management and collateral purposes, though it still requires approval from each fund's board of directors. The company currently manages over 130 ETFs and approximately $82 billion in ETF assets, alongside roughly $790 billion in mutual fund assets.

Franklin Templeton has already distributed the tokenized fund through digital wallets and plans to launch additional tokenized products for cash or collateral management across its broader fund lineup. The tokenized asset market currently exceeds $38 billion in size. (Bitcoin.com News)