News linked to both this project and an event.
Odaily News - CryptoQuant analyst Darkfost stated on the X platform that the altcoin market has recently shown clear signs of recovery, with market structure undergoing changes, and "Altseason" may have entered its early stages. Data shows that from August 19 to 22, the total market cap of altcoins increased by approximately $215 billion, surging over 24% in just 3 days, pushing the total altcoin market cap back above $1 trillion.Darkfost pointed out that mid- and small-cap altcoins have performed the strongest in this rally. Due to their lower circulating market caps, these assets are more sensitive to capital inflows, while also carrying higher two-way volatility risks.Data from the Binance platform further reinforces the signals of an altcoin market recovery. Since last November, approximately 80% to 85% of altcoins have remained below the 200-day moving average (200-DMA), but currently 56% of Binance-listed altcoins have climbed back above this key technical indicator, suggesting the market may be entering a new cyclical phase.Darkfost believes this trend reversal is linked to a series of positive cryptocurrency signals recently released by Trump. On August 19, Trump stated that the U.S. would "massively purchase Bitcoin" and urged Congress to push through the CLARITY Act, while claiming his administration had ended previous unfriendly policies toward the crypto industry. These remarks boosted market sentiment, and against a backdrop of low trading volume and reduced selling pressure, substantial capital began flowing into the altcoin market, driving gains across multiple sectors simultaneously.Darkfost noted that from a historical perspective, the current broad-based altcoin rally is typically viewed as an important signal of the early stage of altseason. However, he also cautioned that the market has entered overbought territory in the short term, and investors should be wary of periodic pullbacks. If the overall upward momentum continues, new investment opportunities may still emerge down the road.
Odaily News According to on-chain analyst Ai Yi's monitoring, a whale who has been cyclically leveraging long positions on ETH and BTC has taken profits on another $7.24 million worth of ETH. The whale deposited 3,000 ETH into Binance 4 hours ago, with an average withdrawal price of $1,776.83 and an average deposit price of $2,413.4. If sold, this would yield a profit of $1.91 million. Since August 19, the whale has deposited a total of 13,887.15 ETH into exchanges, with cumulative profits reaching $6.727 million.
Odaily News - The Kobeissi Letter posted on X stating that the Nasdaq 100 ETF (QQQ) has recorded net inflows of $10.9 billion so far in August, more than double the $4.9 billion seen in all of July and surpassing the monthly record of $9.2 billion set in March 2022, potentially marking the highest monthly net inflow in history.Meanwhile, the Semiconductor ETF (SMH) has seen net outflows of $2.8 billion so far in August, potentially on track for the largest monthly outflow on record; the Software ETF (IGV) recorded approximately $610 million in net outflows over the same period, potentially marking a third consecutive month of net outflows. Capital is rotating from the semiconductor and software sectors into broader tech stocks.
Odaily News - Standard Chartered's global head of digital asset research, Geoffrey Kendrick, stated that the bank's year-end Bitcoin price target of $100,000 may be too conservative. Bitcoin rose to $79,500 on August 21, its highest level since May; he predicts the price could climb from this level to $126,000, a gain of 58%.Kendrick noted that during the rally from August 19 to 21, Bitcoin short liquidations totaled nearly $1.44 billion, the largest on record in Coinglass data since June 2021. U.S. spot Bitcoin ETFs saw net inflows of approximately $1.92 billion over five consecutive trading days.The U.S. Treasury announced on August 19 that it would expand its long-term Treasury buyback program, raising the maximum size of a single operation from $2 billion to at least $4 billion. Standard Chartered lowered its Bitcoin year-end target from $150,000 to $100,000 in February this year, while outlining a long-term trajectory of $500,000 for Bitcoin and $40,000 for Ethereum by 2030. (Bitcoin.com News)
Odaily News A anonymous whale sold a total of 7,700 Bitcoin between August 19 and 22, worth approximately $577 million at current prices. Among these, a single transaction earlier today sold 2,700 Bitcoin, worth approximately $212 million.Bitcoin rose to $79,500 this week before pulling back to around $77,000, posting a weekly gain of over 20% and approaching $80,000. This sale comes after large holders accumulated approximately 43,000 Bitcoin over the past 60 days.Another whale sold 7,513 Bitcoin over a three-week period ending August 9, worth approximately $487 million. The U.S. Treasury announced that starting September 9, the scale of its long-term Treasury buyback operations will increase from $2 billion to at least $4 billion per operation. (Bitcoin.com News)
Odaily News According to data from the Korea Securities Depository, Korean retail investors are aggressively purchasing the ADR (American Depositary Receipt) of SK Hynix listed on the US Nasdaq, resulting in a significant premium for the ADR compared to the company's domestic shares.From the listing of the SK Hynix ADR on Nasdaq on July 10 to August 19, Korean investors recorded cumulative net purchases of approximately $835 million (about 1.16 trillion KRW) in SK Hynix ADR, ranking second among US stocks bought by Korean investors during the same period and accounting for 16.4% of the total net purchases of US stocks by Korean investors.This trend has led to a widening price gap between the SK Hynix ADR and its domestic shares. On August 19, SK Hynix's domestic shares closed down 9.75% at 1.5 million KRW, while the US-listed ADR rose 0.35% to close at $156.16. Since one SK Hynix ADR corresponds to 0.1 domestic share, the theoretical value of the domestic share converted from the ADR price should be approximately 10 times the ADR price. However, as of the 19th, the domestic share price was only 6.82 times the converted ADR price, indicating an approximate premium of 46.67% for the ADR over the domestic shares. (NATE)
Odaily News – HYPE reached an intraday high of $82 yesterday, rising 38% over the past week, with 24-hour trading volume exceeding $2 billion and a market cap of approximately $17.17 billion. Hyperliquid's 30-day trading volume surpassed $176 billion, with open interest exceeding $8 billion.On August 19, U.S. President Donald Trump stated that the Commodity Futures Trading Commission (CFTC) is pushing to bring Hyperliquid into the U.S. market in a compliant and lawful manner. On August 20, a wallet associated with venture capital firm Multicoin Capital transferred 308,884 HYPE tokens, valued at approximately $19.8 million, to institutional custody and trading platform Coinbase Prime within seven hours.During the same period, the wallet also transferred 172,710 and 62,700 HYPE tokens, valued at approximately $10.15 million and $4.37 million, respectively. Since February 2026, Multicoin Capital has transferred over $100 million worth of HYPE to Coinbase Prime. Meanwhile, Hyperliquid has been using approximately 99% of its perpetual and spot market fee revenue to continuously buy back HYPE through the Assistance Fund. (Bitcoin.com News)
Odaily News According to data from the Korea Securities Depository, Korean retail investors recorded a net purchase of approximately $85.61 million (about 118.5 billion KRW) in the "Roundhill Memory ETF" between August 14 and 20, making it the second-largest product by net purchase amount among the country's overseas individual stocks and ETFs (trailing only Google's parent company Alphabet). This actively managed ETF primarily invests in major memory chip companies such as Samsung Electronics, SK Hynix, and Micron.Recently, memory chip stocks have shown a clear rebound. From August 10 to 21, SK Hynix and Samsung Electronics saw their stock prices rise by 21.6% and 21.8%, respectively, both outpacing the 10.4% gain of the Korea Composite Stock Price Index (KOSPI) over the same period. On the US market side, Micron rose approximately 11% during the same timeframe, while SanDisk gained around 32%.The domestic Korean ETF market has also seen capital inflows. Data shows that between August 14 and 20, the "TIGER US S&P500 ETF," which tracks the S&P 500 index, attracted net inflows of 170.9 billion KRW, while the "KODEX US Nasdaq 100 ETF," which tracks the Nasdaq 100 index, saw net inflows of 132.3 billion KRW. Market analysts believe that as expectations for a semiconductor cycle recovery grow, investors are increasing their allocations to the AI chip and memory chip supply chain. (Daum)
According to data cited by Cointelegraph, spot Bitcoin ETFs attracted approximately $1.67 billion in net inflows over five consecutive trading days, indicating that institutional demand remains relatively active. Among them, BlackRock's IBIT recorded a single-day net inflow of about $503 million on August 20, ranking among the top products for that day.
Odaily News: Onchain Lens posted on X platform, stating that US spot Bitcoin ETFs have recorded positive net inflows for 5 consecutive trading days, totaling approximately $1.61 billion. On August 20, net inflows reached $606 million, of which BlackRock's IBIT saw net inflows of $503 million. Data for August 21 is not yet complete, with only 1 of the 13 products having published its data so far.
According to Odaily, on-chain analyst Ember Monitoring reports that a whale entered a long position on 20,000 ETH at the start of the recent price surge on August 19 at 21:00. As of now, the position remains open, with unrealized profits of $11.76 million. The whale has captured the full 34% upside of this ETH rebound during the holding period.
According to on-chain analyst Aunt Ai (@ai_9684xtpa), the mysterious entity "7 siblings" has cumulatively sold 26,265.2 ETH worth approximately $62.47 million since August 21. Its most recent position accumulation occurred one week ago (prior to this rally), acquiring 2,179.22 ETH at an average price of $1,852 (approximately $4.03 million), adhering to its consistent strategy of buying on sharp dips and selling into price pumps. As of now, the total value of its on-chain ETH holdings exceeds $768 million.
Odaily News: Solana Company (HSDT) has announced its voting stance on the first three Solana Governance Proposals (SGP): supporting the passage of SGP-0001 "Solana Constitution," opposing SGP-0002, which would double the rate of inflation reduction, and opposing SGP-0003, which would change transaction fees from fixed to floating. On-chain voting is expected to begin on August 22.Solana Company stated that it supports the Solana Constitution because the new governance system allows every staker to vote directly, and token holders can always override the votes of the operators they delegate to, which helps institutions participate in network decision-making. Regarding the other two proposals, the company noted that it opposes their current timing, not the direction of the adjustments. The company stated that at a time when institutions are considering entering Solana, they place greater importance on rule stability and predictability. Adjusting core economic parameters such as inflation rates and fees at this stage could make institutions still on the sidelines more hesitant. The company said it would support revisiting discussions on reducing inflation once SOL sees sustained net capital inflows, and would also be willing to reconsider switching to floating fees once the ecosystem has fully adapted. (WSJ)
Odaily News, Blockworks analyst Shaunda Devens stated on the X platform that Kraken may be testing Hyperliquid's HIP-3 (Builder-Deployed Perpetuals) new compliant deployment feature, potentially becoming one of the first centralized exchanges to explore this mechanism. BlockworksData shows that a deployer named "Kraken HIP-3 test DEX" has enabled permission management functionality (Star gating) on the Hyperliquid testnet and went live for testing on August 19. Currently, this test DEX has completed whitelist settings for 10 wallets, tested 3 of the 5 compliance control features, and registered a "Kraken Exchange Validator."Shaunda Devens noted that Hyperliquid has been continuously adding testnet features to support regulatory-compliant HIP-3 deployments, including whitelist management, canceling user orders, closing positions via reduce-only orders, and moving collateral. These capabilities are similar to the risk control mechanisms required by traditional financial institutions' compliant trading platforms.Although this is still in the testing phase, and any user could deploy a test DEX with a similar name, making it impossible to confirm it definitively belongs to Kraken, combined with Hyperliquid's recent expansion of xStocks functionality and Kraken's parent company Payward's involvement in related business initiatives, analysts believe Kraken may be testing HyperCore's new infrastructure targeting institutional and compliant markets.HIP-3 is a third-party deployed perpetual contract market framework introduced by Hyperliquid, allowing eligible developers to create independent perpetual trading markets on HyperCore's order book infrastructure. It is considered a key upgrade direction for Hyperliquid to expand into traditional assets and institutional trading scenarios. If large compliant exchanges like Kraken enter the HIP-3 ecosystem, it could further drive the integration of on-chain derivatives markets with traditional financial trading systems.
According to Odaily, CryptoQuant analyst Darkfost stated that Bitcoin's recent Realized Profits have reached their highest level since 2026. Data shows that as of August 20, the market had accumulated approximately $1.65 billion in realized profits that day, indicating that a large number of investors are taking profits at current highs.Darkfost noted that as realized profits continue to climb, the market requires sustained new demand to absorb selling pressure. At present, buyer demand remains stable and is able to absorb the supply pressure from investors exiting with profits. If capital inflows and market demand continue to hold up in the coming period, the current increase in profit-taking activity does not yet pose a significant risk; however, if demand weakens, the growing profit-taking sell-off could exert downward pressure on prices.
Odaily News – Hyperliquid's native token HYPE is approaching $73. Crypto trader Pentosh1 noted that its fee burn mechanism will expand after the AQAv2 upgrade, potentially supporting continued outperformance in the next bull cycle.Since November 2024, Hyperliquid has repurchased and burned 462 million HYPE, worth approximately $1.27 billion, with about 99% of protocol fees allocated to buybacks. The platform's annualized protocol revenue currently stands at roughly $600 million to $950 million.AQAv2, or Aligned Quote Asset v2, is scheduled to begin on August 26, channeling approximately 90% of the yield generated from the platform's over $5 billion in USDC reserves into the Assistance Fund, with the first payment expected to arrive on October 3.Market observers estimate that AQAv2 could add an additional $135 million to $160 million in annual buyback volume. Coinbase and Circle—designated as Hyperliquid's official USDC fund deployment partners in May—have both committed to staking a significant amount of HYPE to help launch the mechanism. (Bitcoin.com News)
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)
QCP reported that Bitcoin's rise is linked to declining US long-term Treasury yields and a weakening US dollar, following the US Treasury's announcement to expand the scale of its long-term Treasury liquidity support repurchase agreements starting September 9. Markets will now focus on the US July PCE data on August 26, the Jackson Hole Global Central Bank Symposium from August 27 to 29, and the Federal Reserve's policy meeting on September 15–16. QCP believes that the key factor for the current cryptocurrency market is whether spot demand can sustain itself following initial position adjustments, particularly amid the backdrop of rising leverage.
According to Ai Yi's monitoring, a whale went long 517,000 SOL with 20x leverage. The current position value is approximately $47.09 million, with an average entry price of $79.3222 and an unrealized profit of around $6.3 million. The address established the position on August 10, becoming the largest position by a significant margin. On August 19, half of the position was closed for a profit of $475,000, before the same portion was re-established that evening at $82.16.
According to Chaoxiang Research, Morgan Stanley's August 20 report indicates that gold has hit its fourth-quarter target price of $4,450 per ounce. From July to August, easing expectations for Federal Reserve rate hikes spurred net inflows of 70 tons into gold ETFs, reversing the 93-ton net outflow seen from May to June. The People's Bank of China purchased 60 tons of gold this year, marking its highest accumulation since 2023; Poland added 82 tons, raising total holdings to 632 tons and approaching its 700-ton target. Morgan Stanley maintains that gold prices are decoupling from the real interest rate framework. Persistent central bank buying, COMEX short positions falling to their lowest since April 2020, and fiscal concerns underlying yield curve steepening form a new structural foundation. The bank projects that gold prices could surpass $5,000 per ounce by 2027, with US inflation data serving as the main short-term volatility risk.