News linked to both this project and an event.
Interest from users seeking early positioning in the Arc chain ecosystem under Circle continues to surge, with premiums for related USDC exchanges peaking at 1.8x. According to official updates, Crab.fun, a Meme issuance platform built for Arc, will roll out its Early Access version on the Base chain tonight at 21:00 to attract users and creators, securing early footholds in the Arc Meme ecosystem. According to reports, the Crab.fun Early Access utilizes the Strategy Vault issuance framework. A 1.5% trading fee applies, with creators waiving their revenue share: 1% flows into the Community Strategy Vault, and 0.5% is allocated for protocol buybacks. Under the Strategy mode, creators must nominate three fomo.family (http://fomo.family/) IDs as candidate traders. Once the vault accumulates 10,000 USDC, claims open. The first verified participant becomes the permanent Strategic Trader for the token and can deploy vault capital across markets including crypto, memes, equities, forex, commodities, and indices. Trading profits are split evenly: 50% goes to the trader, and the remaining 50% funds buybacks of the community token. The Crab.fun Early Access will open 80% of the token supply for subscription at a fixed price. Upon reaching the 4,000 USDC graduation milestone, tokens will be instantly mapped and airdropped to users at a 1:1 ratio.
According to documents filed by KULR with the SEC, the company sold approximately 764 BTC on the open market between August 20 and September 11 at a weighted average price of approximately $76,633, generating roughly $58.6 million in proceeds. The sale covered all of its remaining BTC, meaning KULR no longer held any Bitcoin as of the filing. The company stated that the transactions were part of ongoing treasury management operations but did not disclose the specific use of the funds.
Odaily News: According to on-chain analyst Yu Jin's monitoring, Bitcoin treasury company Strategy currently holds 845,050 BTC ($66.125 billion), with an average cost of $75,412 and a floating profit of $2.398 billion (+3.7%).Ethereum treasury company Bitmine purchased 28,086 ETH ($68.85 million) last week at approximately $2,451 per ETH. They now hold a total of 5,929,198 ETH ($14.651 billion), with an average cost of $3,347 and a floating loss of $5.194 billion (-26.2%).
TD Cowen has set a year-end target price for Bitcoin at $97,500, representing approximately 25% upside from its recent trading level of around $78,000. Analyst Lance Vitanza concurrently scaled back a previously more bullish forecast, primarily due to recent weakness in Bitcoin's price. The firm had previously projected that Bitcoin would reach $141,277 by the end of 2025, rising to the $177,000–$225,000 range in 2026 and 2027.
According to the weekly market report by Wintermute OTC trader @Jjay_dm, Fed Chair Warsh delivered a hawkish speech at Jackson Hole, reiterating the 2% inflation target and pushing the probability of a September rate hike to 61.9%, making the September 15-16 FOMC meeting a key catalyst for risk assets. In cross-asset performance, 20+ year US Treasuries led gains (+1.01%), followed by altcoins (+0.61%), the S&P 500 (+0.47%), and the Nasdaq (+0.42%). BTC closed flat (+0.10%), while ETH (-0.86%), the Russell 2000 (-1.40%), gold (-3.42%), and Brent crude oil (-4.31%) were the weakest performers. In the crypto market, BTC digesting its previous 23% rally, encountered repeated rejections at the $82k resistance level. It reached an intraday high of $81k earlier this week, dipped below $78k following Warsh's remarks, and ultimately closed flat. BTC ETFs posted nine consecutive days of net inflows totaling $924 million, with a first-time single-day outflow of $202 million on Friday. ETH ETFs logged net inflows of $816 million this week, with no single-day outflows. SOL and XRP ETFs both set new 2026 weekly inflow records, reaching $154 million and $110 million, respectively. Strategy increased its position again on Monday, raising $2 billion, with approximately $16
According to on-chain analyst Ember (@EmberCN), two major crypto treasury companies completed new rounds of acquisitions last week: • Strategy (formerly MicroStrategy) sold $600 million worth of stock last week to purchase approximately 4,603 BTC at an average price of around $80,318, totaling roughly $370 million. The company currently holds 845,050 BTC with an average cost basis of $75,412, resulting in an unrealized profit of approximately $2.542 billion (+4%). • Bitmine acquired approximately 53,501 ETH last week at an average price of around $2,464, totaling roughly $132 million. The company currently holds 5,901,112 ETH with an average cost basis of $3,351, reflecting an unrealized loss of approximately $5.293 billion (-26.7%).
Odaily News Cryptoquant founder and CEO Ki Young Ju stated that the peak of Bitcoin's current bull market cycle may be driven by institutional capital outside the United States and ETF demand. He pointed out that deeper stablecoin liquidity and tokenized asset infrastructure will expand global market participation.Ki Young Ju cited South Korea as an example, noting that the country currently has no spot Bitcoin ETFs, retail investors cannot purchase overseas-listed spot Bitcoin ETFs, and most companies are unable to open trading accounts to buy BTC. South Korea has gradually opened up corporate participation in phases, with the Financial Services Commission (FSC) roadmap covering approximately 3,500 listed companies and qualified professional investors, but financial institutions and other businesses remain excluded.Strategy's Bitcoin bank adoption index evaluated 25 major institutions covering trading, custody, digital asset products, financing, and corporate participation, with an overall adoption rate of 32%. As of August 29, RWA.xyz data shows that the distributed asset value of global tokenized assets is $38.63 billion, up 2.65% from 30 days ago.The Bank for International Settlements (BIS) stated that stablecoins have the potential to enable faster, programmable payments, but current designs may pose financial integrity, liquidity, and monetary risks. Ki Young Ju pointed out that U.S. spot Bitcoin ETFs recorded cumulative net inflows of approximately $57 billion in the first two years since launch, and the next phase will be global institutionalization, with more institutions adopting BTC as a strategic asset, and countries lacking ETFs will also improve relevant investment channels. (Bitcoin.com News)
According to Bitcoin.com, Michael Saylor, Executive Chairman of Strategy (MSTR), introduced the concept of "Bitcoin Reformation" in a published article, arguing that Bitcoin should move beyond dogmatic interpretations of early tenets such as Satoshi Nakamoto, the whitepaper, and the "must self-custody" principle, and further integrate into banking, exchanges, corporate sectors, securities markets, and government systems. Saylor stated that while self-custody remains an essential right allowing holders to freely opt out of intermediary systems, it should not be imposed as a mandatory obligation on everyone; users can also evaluate institutional services based on criteria such as custody segregation, collateral, audits, insurance, and withdrawal rights. He believes that Bitcoin has gradually evolved from a peer-to-peer electronic cash system and "digital gold" into "digital capital" capable of supporting credit, equity, currency, and machine economies.
Bernstein analysts expect that, as the "devaluation trade" becomes a macro theme, Bitcoin is poised to rise to $150,000 by mid-2027 under a base case scenario and reach a cyclical peak of approximately $300,000 in 2029. Analysts believe that rising global sovereign debt and interest expenditures may prompt policymakers to lean toward currency devaluation to ease fiscal pressures, thereby enhancing the appeal of scarce assets like Bitcoin.
Strategy (formerly MicroStrategy) CEO Michael Saylor denied reports that the company sold Bitcoin due to financing pressures, clarifying instead that it maintains ample cash reserves and continues to steadily increase its holdings.
Major whale "sets 10 key targets first" Jason stated that when he confirmed last month that the bottom of this cycle is around $58,000 for BTC, a key benchmark was Strategy's moves. He noted that from an operator's perspective, Strategy had to consider not only BTC's price direction, but also the market bottom, the company's proximity to its survival line, and its capital structure's resilience under extreme downside scenarios.
According to on-chain analytics platform Lookonchain (@lookonchain), the unrealized gains on BTC holdings at Strategy, Michael Saylor's Bitcoin treasury company, have significantly improved over the past week, shifting from an unrealized loss of over $9.5 billion to an unrealized profit of over $4.7 billion.
Odaily News Trader Murphy (@Murphychen888) posted on X, stating that despite multiple bearish factors such as the U.S. stock market pullback, Strategy selling BTC, and rebounding oil prices, BTC has still not shown a significant decline, which may be related to its chip structure. Data shows that over 2 million BTC changed hands in the $62,000-$64,000 range, bringing the cost basis of a large number of holders closer together and reducing their willingness to sell in the short term.Murphy noted that BTC subsequently experienced nearly two months of low-volatility consolidation before rapidly rising from $64,000 to $75,000 within 3 days, but the chips near $63,000 did not decrease significantly, while chips in the $68,000-$74,000 range remained relatively sparse, indicating that holders in the previous concentration zone did not take profits on a large scale. Murphy expects that as the price continues to rise, the chips may gradually loosen and form a new chip density zone; if a new effective support is not formed, BTC may again test the support strength of the $62,000-$63,000 chip density zone.
Odaily News: On-chain analyst Ember stated on the X platform that Strategy has now broken even.Previously reported, Strategy's average cost for its Bitcoin position was $75,385.
Odaily News: On-chain analyst EmberCN posted on X, stating that if BTC rises another $800, Strategy will break even, as its cost price is $75,385. Strategy's current floating loss has dropped from $9.904 billion a few days ago to $685 million, a reduction of $9.219 billion. Bitmine's ETH floating loss has dropped from $8.513 billion a few days ago to $5.879 billion, a reduction of $2.634 billion.
Odaily News: Billionaire Steve Cohen's hedge fund Point72 has disclosed selling all 72,431 shares of Strategy stock and, for the first time, purchased 163,419 shares of Strive stock, valued at $2.1 million. The hedge fund is shifting its allocation toward ASST. (BitcoinTreasuries)
According to on-chain analyst Yu Jin's monitoring, Bitcoin treasury company Strategy (MSTR) currently holds 840,447 BTC ($53.452 billion), with an average cost of $75,385, showing an unrealized loss of $9.904 billion (-15.6%).Ethereum treasury company Bitmine (BMNR) purchased 9,926 ETH ($18.77 million) last week at approximately $1,891 per token. They now hold a total of 5,815,164 ETH ($11.06 billion), with an average cost of $3,366, showing an unrealized loss of $8.513 billion (-43.5%).
Korea Investment Corporation (KIC) established a position in Circle stock in the second quarter, with holdings of 65,443 shares valued at approximately 4.09 million USD. Additionally, it reduced holdings in Strategy, Coinbase, and Riot Platforms during the same period, and increased holdings in Block and Robinhood stock.
Bitwise Chief Investment Officer Matt Hougan stated in an interview with Bloomberg that the Bitcoin price has not reacted significantly to negative news recently, such as the Coldcard security incident, Strategy sell-off, and the CLARITY Act's progress falling short of expectations, which may indicate that Bitcoin has approached or reached the bottom of this bear market.
Last week, major assets closed higher across the board: July Non-Farm Payrolls -23k severely dampened rate hike expectations, the USD broke below 100, and Gold and Crypto benefited in tandem. BTC/ETH ETF weekly net inflows were $853M/$245M, the third-largest institutional buying week of the year. Core risk this week: 8/12 CPI (08:30 ET), determining the direction of September rate hike expectations. Strategy advances on three fronts: Sell ETH weekly expiry $1,800 P (annualized ~15-20%), Sell HYPE 1D $52 P (annualized ~70%, newly listed on Bybit), Sell XAUT 1D $4,360 C (annualized ~30-60%). All three positions must be reduced to safe levels before CPI.