Odaily News: Digital asset treasury company Strategy reported a net loss of $8.2 billion in Q2, mainly driven by an $8.3 billion unrealized loss on digital assets. Its software business generated $122 million in revenue for the quarter. The company's financial report adopts the fair value measurement model.

Between August 3 and 9, Strategy sold 1,690 bitcoins, cashing out approximately $109 million and repurchasing STRC preferred shares. In the following week, the company did not sell any bitcoin but instead raised $334 million through common stock issuance, of which $52 million was used for preferred stock dividends, $132 million for buybacks, and $149 million went into its dollar reserves.

Digital asset treasury company Twenty One Capital disclosed that as of June 30, each Class A share corresponded to 12,547 satoshis, down from 12,557 at the end of 2025. The company holds 43,514 bitcoins, valued at approximately $2.8 billion, with an equity market capitalization of about $1.6 billion, corresponding to roughly 0.57 times its bitcoin holdings valuation.

Of the bitcoins held by Twenty One Capital, 16,116 are staked as collateral for $485 million in convertible bonds, corresponding to approximately $106 million in cash. Strategy's dollar reserves reached $4.8 billion as of August 16, which management says can cover approximately 2.7 years of debt and dividend expenses. (Forbes Digital Assets)

Odaily News, Strive Vice President Joe Burnett posted on X, stating that Bitcoin is the ultimate AI trade, as mass unemployment and a significant contraction in wealth will lead to massive currency issuance.

In the accompanying article, Joe Burnett stated that traditional assets face dilution or competitive mechanisms as long-term stores of value: fiat currency supply expands with credit cycles, fiscal deficits, and central bank policies; stock profits attract competition, regulation, and technological disruption; rising real estate prices drive more construction; and higher gold prices stimulate more mining.

He stated that Bitcoin's terminal supply is fixed, cannot be inflated in response to increased demand, belongs to no company, industry, or government, and is not someone else's liability. Human progress brings more output, efficiency, and wealth, and that wealth needs to flow into assets that cannot be diluted by issuance.

Joe Burnett said that over the past ~17 years, Bitcoin has evolved from an open-source project into a globally recognized monetary network, outperforming most other asset classes over 4+ year cycles. Its volatility is tied to the growth process, but the supply rules remain unchanged. As the network expands and more capital enters, daily volatility may narrow.

Odaily News: Citing sources, Fox News reporter Aishah Hasnie revealed that Trump will begin tapping into approximately $400 million from his personal super political action committee "MAGA Inc" to support Republicans facing competitive races in the November midterm elections this year.

Odaily News: According to the prospectus of YMTC, after turning profitable in 2024, its profitability has improved rapidly, with operating revenue of 47.042 billion RMB and net profit attributable to the parent company of 33.379 billion RMB in January-March 2026. Based on TrendForce data, in January-March 2026, the company ranked third globally and first in China among global NAND Flash manufacturers by both sales value and shipment volume.

Odaily News: The IPO review status for Yangtze Memory Technologies Co., Ltd.'s initial public offering on the Shanghai Stock Exchange's STAR Market has been updated to "Accepted." The proposed fundraising amount is 33 billion yuan. The sponsors are CITIC Securities and China Securities Co., Ltd.

Odaily News: STS Digital CEO Maxime Seiler stated that the current crypto market is experiencing a phase of divergence between price performance and institutional adoption trends. While token prices remain depressed, institutional deployment of blockchain technology continues to accelerate.

Speaking at the 2026 Wyoming Blockchain Symposium, Maxime Seiler remarked, "From a price perspective, we are still in a crypto winter, but from an institutional development standpoint, we have entered an institutional summer." He pointed out that traditional financial institutions are currently more focused on adopting the underlying blockchain technology rather than directly allocating significant capital to crypto assets, which is why the growth in technology adoption has not yet been fully reflected in token prices.

Data shows that Bitcoin is currently hovering above $77,000, still approximately 38% below its historical high of $126,000; Ethereum is trading around $2,400, down about 52% from its all-time high; and Solana is around $90.93, down approximately 69% from its peak.

Maxime Seiler also noted that the convergence of Bitcoin futures basis reflects the maturing of the crypto market. During the 2021 cycle, the annualized futures basis once reached 20%-30%, but it has now gradually approached the risk-free rate level with significantly reduced volatility. He believes this is mainly due to the continuous improvement of channels for dollars to flow in and out of the crypto market, which has reduced market volatility. (The Block)

Odaily News: Bitcoin News stated on the X platform that, according to Reuters, Tether has abandoned two Bitcoin mining sites in Uruguay amid a dispute with the state-owned utility company UTE over the amount of electricity available to the mining sites. A former contractor estimated that Tether invested approximately $60 million in each mining site, totaling around $120 million. In 2023, Tether announced its expansion into Uruguay, calling the country a "perfect platform" thanks to its renewable energy and reliable power grid. The mining sites generated revenue in their early stages of operation, but subsequently struggled to secure sufficient electricity to maintain stable operations. The dispute escalated in 2025, with Tether's local entity ceasing electricity payments. UTE cut off power supply to the mines in July of that year, after which Tether halted operations and laid off most of its staff. The outstanding debts were settled in December. According to reports, Uruguay was originally planned as a test site for Tether's expansion of Bitcoin mining operations in South America. Tether stated that its global investments in energy production and Bitcoin mining have exceeded $2 billion.

Odaily News: The Central Cyberspace Affairs Commission has issued the "Action Plan for Promoting the High-Quality Development of Cyberspace Enterprises (2026-2030)." The plan mentions promoting the green and low-carbon development of enterprises. It calls for guiding and supporting cyberspace enterprises in achieving green and low-carbon development, realizing green design, packaging, delivery, and operation throughout the entire process of office, production, transportation, and services, while regularly disclosing carbon reduction progress. The plan also supports enterprises in improving their level of renewable energy utilization, guiding the coordinated layout of newly built computing infrastructure with renewable energy generation, and continuing the development of national green computing infrastructure.

The plan also emphasizes promptly updating the recommended catalog of energy-saving and carbon-reducing technologies and equipment, promoting advanced applicable technologies such as liquid cooling and waste heat recovery. It encourages ecosystem-leading and industry-pioneering enterprises to assist upstream and downstream enterprises in enhancing their carbon reduction capabilities, accelerating the construction and application of digital energy and carbon management centers, and building green value chains and supply chains. Local governments are encouraged to establish green transformation service platforms to provide enterprises with low-cost, standardized carbon emission accounting tools and energy efficiency diagnostic services, thereby lowering the threshold for enterprises to undergo green transformation.

Odaily News, SK Hynix (SKHY.O) stated in a filing that it has not yet decided whether to build a semiconductor production facility in Japan. The company responded to media reports regarding its potential plans to build a plant in the country. SK Hynix said: "To enhance the competitiveness of its memory chip business, the company is evaluating various options, including adding production bases, but nothing has been confirmed as of yet."

SK Hynix stated that it will disclose further information once specific details are confirmed, or within one month after the release of this report. (Jin10)

Odaily News, TRM Labs' latest report reveals that artificial intelligence applications in crypto-related crime increased by 40% year-over-year over the past year, primarily driven by fraud activities. In the first half of 2026, there were 201 digital asset hacking incidents, setting a new all-time high. Approximately 75% of losses came from just 4% of incidents, while North Korea-related activities caused losses of approximately $600 million, accounting for 61% of losses in the first half of the year. (The Block)

Odaily News: Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that the forecast of Bitcoin reaching $100,000 by the end of the year may be too conservative, and there is a possibility of challenging the previous all-time high of $126,000 before the year ends.

On Friday, Kendrick noted that the recent Bitcoin rally has been primarily driven by short liquidations, while inflows into spot Bitcoin ETFs have also begun to recover. Given the currently low open interest levels in the market, more investors could re-enter as prices rise, providing further momentum for the rally.

"This is the first time this year that I've seen a risk that my year-end target of $100,000 may be too low," Kendrick said.

Kendrick believes that Bitcoin's rebound momentum could accelerate further after October 6. Meanwhile, several market observers also believe the bear market may be nearing its end. Cory Klippsten, CEO of Swan Bitcoin, previously stated that Bitcoin could bottom out in October; Markus Thielen, founder of 10x Research, suggested that if the August monthly close stays above $63,000, it could confirm the formation of a bear market bottom. (Cointelegraph)

Odaily News: According to on-chain analyst Ai Yi's monitoring, "Set 10 Big Goals First" has partially cut losses and incurred a loss of $10.158 million, with the latest stop-loss price set at $80,500.

Odaily Odaily News: Arthur Hayes, in a reposted interview video on the X platform, stated that the Ethena (ENA) ecosystem is currently facing a downturn, but as market conditions improve, its yield mechanism may restart. The ENA price has fallen approximately 99% from its all-time high, with selling pressure from venture capital investors and a sluggish crypto market leading to lower yields, bringing the entire mechanism to a standstill.

Arthur Hayes stated that if Bitcoin rises and triggers a large-scale short squeeze, the market basis could rapidly expand, and a higher basis would drive Ethena's yields up from the current ~4% to 8%-9%. Once yields recover, Ethena's yield-driven mechanism could re-establish a positive flywheel effect, revitalizing the ecosystem.

Odaily News: "First, set 10 big goals" posted on Platform X, stating: "The market moved quickly today, so I didn't have time to open a post. Here's an update on my current short position.

1. After the previous short trade ended, I re-entered a short position around 76,000. The logic is actually quite simple. When I opened a long position around 63,000, my initial target was 74,000. I believed the bull market had returned, and that assessment hasn't changed. However, I've always thought this round would be a volatile uptrend rather than moving straight to 84,000 or even 90,000 without any pullback. At least from a macro and market structure perspective, I haven't seen enough signals to support such a move yet. So I re-opened a short position around 76,000. After entering, the price quickly spiked to a high of 79,500. My planned stop-loss wasn't executed as expected (I set it in advance, but the system didn't fill it).

2. I've already reduced the majority of my short position — not because I've changed my view, but to control risk first. If the price continues to surge from here, 82,000 or 84,000 are both possible, so there's no need to bet my entire position on being right. I'll keep watching with the remaining position. If the daily close holds above 80,500, then I'll admit I was wrong on this trade, close everything out, and take a break. If the price ultimately fails to hold and weakens again, I'll consider adding back the shorts I trimmed. As for chasing longs at this level, I have no interest — the risk-reward ratio has deteriorated.

3. Finally, let me share my broader outlook. Last month when the price was around 63,000, I clearly stated that this was a阶段性底部. That assessment remains unchanged. I'm still bullish on BTC in the medium-to-long term, but being bullish medium-to-long term doesn't conflict with taking short positions locally. This short is betting on a pullback within an uptrend, not calling for a new bear market. If I'm wrong, I'll admit it above 80,500. If I'm right, I'll continue executing as planned. I still believe we'll see BTC at $100,000 by March next year."

According to Odaily, Bitcoin recently broke through a key price level, sparking discussions about whether a new bull market has begun. Some analysts believe that rapid gains, concentrated short covering, and technical breakouts are typical signals of a market bottom reversal, but others warn that the macroeconomic environment and capital inflows remain key factors in determining the sustainability of the trend.

Mati Greenspan, founder of Quantum Economics, stated that Bitcoin's recent rally is very similar to historical bottoming phases, which are typically accompanied by short squeezes, sharp single-day gains, and breakouts above key technical resistance levels, followed by investors who missed the move re-entering the market. He believes that the probability of a significant Bitcoin pullback is currently decreasing, and market FOMO sentiment may further intensify.

However, Jason Fernandes, co-founder of AdLunam, remains cautious. He noted that without sustained spot ETF inflows and clear signals of interest rate cuts, it is still too early to confirm the bear market is over, and Bitcoin may lose upward momentum near resistance levels.

Analysts point out that the current rally is driven by multiple factors, including the U.S. Treasury's expansion of its bond buyback program, declining long-term yields, and improved sentiment toward risk assets. Previously, Bitcoin had been consolidating in the $64,000 to $66,000 range, accumulating significant short positions in the market. The breakout triggered cascading liquidations in the derivatives market, accelerating the price surge.

Tobias Bauer, co-founder of TBV, noted that Bitcoin futures trading volume on Binance reached $1.26 billion within a minute—361 times the normal level—while funding rates rose to exchange limits, indicating crowded leveraged longs in the market and rising costs for chasing the rally. (CoinDesk)

Odaily News UBS has raised its S&P 500 index target, projecting a target of 8,100 points by December 2026 and further increasing to 8,400 points by June 2027, citing strong corporate earnings growth and sustained economic resilience.

UBS expects S&P 500 companies' earnings per share (EPS) to reach $350 in 2026 and $400 in 2027, driven primarily by performance in the technology, semiconductor, and energy sectors.

The bank continues to hold a positive outlook on U.S. economic resilience, the Federal Reserve's patient policy stance, and the accelerating adoption of artificial intelligence, believing there is still room for the current bull market to extend.

However, UBS also flagged potential risks, including rising oil prices, resurgent inflation, and AI investment returns falling short of expectations, which could weigh on market valuations and upward momentum.