24H Trending Coins & Headlines | Fed Minutes Show No Rate Cut Signals; Bitcoin Returns to $69K After Three Months (Aug 20)
- Key Takeaways: Bitcoin returned to $69,000 for the first time in nearly three months, driving a broad market rally across the crypto space. However, the Fed minutes released no signals for rate cuts, and combined with geopolitical risks, the market lacks clear policy direction in the short term.
- Key Elements:
- Bitcoin briefly rose to $69,888, while Ethereum hit a new high since May 27. Over the past hour, total liquidations across the network exceeded $1.3 billion, with BTC liquidations accounting for $774 million.
- Among the Top 10 CEX by trading volume, ETH gained 18.13%, SOL rose 11.16%, and BTC climbed 7.78%. On the gainers' list, RE led with a 33.72% surge and TRUMP followed with a 26.41% increase.
- The Fed meeting minutes revealed that Chair Warsh proposed reducing the number of annual FOMC meetings from 8 to 6, with no mention of rate cuts. The minutes also made clear that meeting frequency will not be adjusted this year.
- Coinbase has integrated perpetual contracts into Base App via Hyperliquid, offering up to 50x leverage across over 290 markets, and is not yet available to jurisdictions including the US, UK, and Canada.
- Trending on-chain Meme tokens include cucumber, Pedoberg, Firkin, FAITH, and BLOSSOM, with trading momentum continuing to heat up.
1. Hot Coins on CEX
Top 10 by Trading Volume on CEX and 24-Hour Price Change:
- BNB +4.36%
- BTC +7.78%
- ETH +18.13%
- SOL +11.16%
- ACE -15.71%
- ALLO -3.74%
- EURI +0.87%
- TUT -19.66%
- DOGE +7.10%
- ALPINE -11.29%
24-Hour Gainers List (Data Source: OKX):
- RE: +33.72%
- TRUMP: +26.41%
- HYPE: +18.78%
- ARB: +18.66%
- xBMNR: +18.20%
- ETH: +17.96%
- BETH: +17.92%
- STETH: +17.62%
- xMSTR: +16.97%
- MET: +15.01%
24-Hour Crypto-Stock Gainers List (Data Source: msx.com):
- BTCT.M: +285.03%
- MRNA.M: +164.15%
- BTCS.M: +37.04%
- MSTX.M: +33.29%
- CONL.M: +27.23%
- TEM.M: +23.58%
- MVLL.M: +23.26%
- CAN.M: +23.17%
- UPXI.M: +21.17%
- STKE.M: +21.15%
2. Top 5 On-Chain Meme Coins (Data Source: GMGN):
- cucumber
- Pedoberg
- Firkin
- FAITH
- BLOSSOM
Top Stories
Fed Minutes Show No Support for Rate Cuts
The Federal Reserve's meeting minutes contained no views supporting interest rate cuts, signaling a marked shift in policy discussions over the past year. With the Trump administration joining Israel's war against Iran, price pressures continue to accumulate, and oil and gas shipping through the Strait of Hormuz remains restricted. Markets expect the Fed to hold rates steady at its September meeting, but Warsh has declined to reveal his monetary policy path, leaving markets without clear guidance. (Jin Shi)
According to OKX market data, Bitcoin briefly rose to $69,888, hitting a new high since June 2; Ethereum briefly rose to $2,119.65, reaching a new high since May 27. According to Coinglass data, total liquidations across the network expanded to $1.309 billion in the past hour, with BTC liquidations at $774 million and ETH liquidations at $433 million.
Unitree's Trading Volume Exceeds 20 Billion Yuan, Gain Retreats to 463.66%
According to Gate data, N Unitree's trading volume surpassed 20 billion yuan, with gains retreating to 463.66% and the stock price currently at 850 yuan.
Industry News
Fed Minutes: Warsh Pushes to Reduce Number of Policy Meetings Per Year
The Fed minutes show Chair Warsh proposed reducing the number of FOMC policy meetings from 8 to 6 per year, arguing this would allow more information to accumulate between meetings and provide more research time for policy formulation. The minutes confirm the meeting schedule will not change this year, but implementation would represent a major shift in how the Fed operates. (Jin Shi)
Strategy Surges Over 14%, Stock Price Breaks $105
According to MSX.COM data, Strategy's stock price surged over 14% to break $105, currently trading at $105.7. On the news front, Bitcoin briefly broke above $69,000.
Circle Rises 11.57%, Stock Price Breaks $80
According to MSX.COM data, Circle's stock price rose 11.57% to break $80, currently trading at $80.03.
SK Hynix Rises Nearly 5%, Marvell Technology Gains Over 10%
According to MSX.COM data, all three major U.S. stock indices opened higher. SK Hynix rose nearly 5% (the company plans to buy back and cancel 40 trillion Korean won in shares), Marvell Technology gained over 10% (has issued up to 58.97 million warrants to Google at an exercise price of $206.58 per share), and NEBIUS fell over 6% (plans to issue $4.5 billion in convertible senior notes).
Project News
Coinbase Integrates Hyperliquid Perpetuals into Base App with Up to 50x Leverage
Coinbase announced it is integrating perpetual contracts via Hyperliquid into the Base App, allowing eligible users to trade with up to 50x leverage. The offering covers over 290 markets, including Bitcoin, Ethereum, tokenized stocks, and commodities. Perpetual contracts account for approximately 75% of current cryptocurrency trading volume. The product is not yet available in jurisdictions that restrict leveraged derivatives, including the United States, the United Kingdom, and Canada. (Decrypt)
Fundraising
Enterprise AI Data Platform Prevalent AI Raises $22 Million in Funding, IGP Participates
Prevalent AI has completed a $22 million funding round with participation from Los Angeles-based investment firm Integrity Growth Partners. Founded in 2017, the company specializes in developing AI-driven data platforms that help enterprises build continuously updated "sovereign knowledge graphs" and support the deployment of AI Agents. (Tech.eu)
AI Data Center Operator DataVita Raises £300 Million in Funding, ING and Others Participate
DataVita has completed a £300 million (approximately $406 million) funding round provided by a syndicate including ING, ABN AMRO, and Banco Santander. The funds will be used to expand the AI data center campus in Lanarkshire, Scotland, adding up to 80MW of capacity. AI cloud computing provider CoreWeave has already pre-leased the full capacity of two data centers for a 15-year term. (Bloomberg)
AI Chip Design Company Velaura AI Raises $110 Million in Series A Funding, Led by Seligman Ventures
Velaura AI has completed a $110 million Series A funding round at a valuation exceeding $1 billion, led by Seligman Ventures with participation from Capricorn Investment Group, Samsung Catalyst Fund, and others. The company develops low-power chips for data centers and physical AI applications and is currently in talks with three of the four major cloud service providers. (Reuters)
Voices
"The White-Haired Stock Guru" Serenity stated in a post that Unitree's significant rally following its IPO has provided the public market with an important valuation benchmark for humanoid robot companies. For reference, Agility Robotics, backed by NVIDIA and Amazon, plans to go public via a SPAC merger with a pre-money valuation of approximately $2.5 billion. Serenity believes Unitree's performance demonstrates that public market demand for "pure-play humanoid robot names" far exceeds prior expectations.
