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Shares of Bitcoin treasury company Strive (ASST) rose above $20, pushing its market capitalization to a record $1.7 billion and above that of U.S. fast-food chain Wendy’s, according to BitcoinTreasuries.NET. Strive currently holds 21,356 BTC.

Flop Labs CEO Arthur Hayes said FLOP airdrop allocations will be determined by users’ testnet activity. In a post on X, Hayes wrote, "테스트넷 토큰은 테크노코어챗(Technocore.chat)에 개설되는 퍼싯(faucet)에서 받을 수 있으며, 해당 퍼싯은 탈중앙 신원증명(DID) 키를 보유한 AI 에이전트가 이용할 수 있다. 자세한 내용은 곧 공개하겠다" Flop Labs is developing a blockchain network for AI agents, and Hayes had previously said the company plans to release related details, including FLOP tokenomics, in stages starting next week.

Crypto asset manager Grayscale has launched the first U.S. spot ZEC ETF, The Block reported. The product is a conversion of the existing Grayscale Zcash Trust into an ETF, trades under the ticker ZCSH, and is listed on NYSE Arca.

Forest Bai, a former Bitget executive and co-founder of Foresight Ventures, is launching Mojo, an AI-based trading app designed to integrate data analysis, research, investment decision-making and trade execution into a single interface. The service supports spot trading, real-world assets and perpetual futures. Users can enter trading strategies or intentions in natural language, and the AI executes them across multiple platforms while allowing users to monitor and control the process. Limited beta testing will begin on Aug. 27, with participants to be recruited through a waitlist. Bai said the goal of Mojo is to strengthen retail investors’ research and trade execution capabilities.

Chris Millas, an adviser to Brazilian fintech company Meliuz, which has been accumulating Bitcoin, likened Strategy (MSTR) to Standard Oil, the oil company founded by John D. Rockefeller. In a post on X, Millas said Strategy was maximizing Bitcoin’s utility by turning BTC into products tailored to investor demand, much as Standard Oil refined crude into products aligned with consumer demand. Millas added that just as Rockefeller built the world’s most valuable company by refining oil, Michael Saylor was "refining" BTC to build the world’s most valuable company.

Thailand’s government has approved four financial market law amendments aimed at strengthening Securities and Exchange Commission oversight and updating digital asset rules, Crypto Briefing reported. The revisions include the 2018 emergency decree on digital asset businesses, a key law governing cryptocurrency exchanges, token issuance and digital asset custody in Thailand. The amendments are intended to align digital asset regulations with current market conditions, while expanding the SEC’s authority to investigate major financial crimes and modernizing rules on the legal validity of electronic documents, fundraising and secondary markets. Separately, Thailand’s SEC has released draft rules for spot Bitcoin and Ethereum ETFs to be listed on the local stock market and has begun collecting public feedback. Comments are due by Sept. 20.

Bitcoin has surged 25% over the past week to reach $80,000, but confirming the end of the bear market would require a move above the 50-week simple moving average, now around $81,087, CoinDesk reported, citing Galaxy Research. Galaxy Research said 11 of 13 past bear markets had already bottomed by the time BTC reclaimed its 50-week moving average, adding that if Bitcoin regains that level on a weekly closing basis this time as well, the bear market has likely ended. By contrast, 50T Fund founder Dan Tapiero said the cycle bottom has already formed, pointing to BTC's break above its 50-day, 100-day, and 200-day moving averages on a daily basis. CoinDesk added that Bitcoin's seven-day rate of change was about 25% over the past week, a level that has often been followed historically by either a pullback or sideways trading.

The U.S. Treasury said it will launch the Quantum-Readiness Task Force to address quantum computing threats to the financial system. The public-private initiative will include government agencies, financial institutions, financial market infrastructure operators and technology companies, and will support the financial sector’s transition to post-quantum cryptography, or PQC. Its main tasks include supporting and coordinating the sector’s PQC transition, strengthening external vendor response capabilities, and managing risks tied to digital assets and emerging technologies. Treasury Secretary Scott Bessent said the effort will help maintain the stability, security and competitiveness of the U.S. financial system as new technologies reshape the global landscape.

Pendle said the large-scale liquidations in Morpho’s PT-reUSD/USDC market were not caused by an oracle configuration error. PT-reUSD, a token representing the right to redeem principal at maturity, was liquidated after the PT price briefly fell 3%, with that market price reflected in the oracle benchmark, according to Pendle. The protocol explained that this reduced the collateral value of positions that repeatedly borrowed USDC on Morpho to increase PT exposure. Some positions with health factors below 1.03, leaving less than 3% room to withstand a price drop, were liquidated in the move. Pendle added that the oracle uses the lower of PT’s 15-minute average market price and a benchmark price reflecting a 6% annual discount rate through maturity. The oracle functioned as designed, no bad debt emerged during the liquidation process, and Morpho’s Pendle ecosystem vaults were unaffected, Pendle said.

BTC futures open interest has fallen to 587,584 BTC, the lowest level in the past five months, CoinDesk reported, citing Glassnode data. The figure dropped sharply from 645,760 BTC on Aug. 14, local time. CoinDesk said recent BTC gains from $62,000 to $80,000 were driven more by short liquidations than by fresh leveraged long positions. At the same time, annualized funding rates for perpetual futures have remained stable below 10%. CoinDesk assessed that limited leverage overheating and a growing share of cash-margined futures point to a more stable market structure than in the past and support the sustainability of the price uptrend.

About 40 banks in Japan will take part in a pilot for interbank transfers using blockchain-based deposit tokens, CoinPost reported. GMO Aozora Net Bank will begin the test in August with blockchain firm DeCurret DCP and Abeam Consulting. The initiative aims to build infrastructure for instant, 24/7 remittances and settlements without going through existing interbank payment networks, with commercial deployment expected in fiscal 2027, which runs from April 2027 to March 2028. The pilot will test two methods: one in which banks open deposit accounts with one another and adjust balances by the amount transferred, and another that uses stablecoins as an intermediary.

Nikita Bier, an adviser to X and its former head of product until recently, said the platform will soon let users buy and sell cryptocurrencies directly on X. Pushing back on a user’s claim that X had recently limited the visibility of crypto accounts, Bier said he built the cashtag feature that allows Solana and Ethereum charts to be embedded in posts and added that a trading button is also set to be introduced soon.

U.S. spot Solana ETFs recorded $33.5 million in net inflows on Aug. 24, extending their inflow streak to five trading days, CoinDesk reported. It was the largest daily net inflow so far this year. According to SoSoValue data, cumulative net inflows rose to a record $1.22 billion. Trading volume reached $166.8 million, the highest since October last year. Bitwise's BSOL led the day with $25 million in net inflows, while Fidelity's FSOL and Grayscale's GSOL posted $4.8 million and $3.7 million, respectively. Total net inflows over the five trading days since Aug. 18 came to $61.8 million.

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for 25 cryptocurrencies from 12:00 p.m. UTC on Aug. 31 to 8:00 p.m. UTC on Aug. 31 as part of its monthly virtual asset balance inspection. The affected assets are BTC, XRP, ETH, SOL, DOGE, XLM, SHIB, ETC, ONDO, LINK, NEAR, AVAX, STX, ENS, ATOM, SAND, WLD, ARB, PEPE, DOT, CTC, AXS, ENA, CRO and APT. Staking applications for ETH, ATOM, CRO and SOL will also be suspended during the same period.

Binance announced the addition of three spot trading pairs: USDC/ARS, ACE/USDC and PUMP/U at 8:00 a.m. UTC on Aug. 26.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap in the upper panel tracks trading volume by price range. The background color becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter areas may act as support or resistance levels. - The CVD indicator in the lower panel reflects buy and sell orders by capital size, and the line for each color rises as buying orders increase. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million, among other categories.

Metaplanet CEO Simon Gerovich said his stake in the Japanese Bitcoin treasury company fell to 14.19% from 17.99% as of today because of new share issuance, not because he sold any shares. In a post on X, Gerovich said, "주식은 한 주도 팔지 않았다. 신주 발행으로 발행주식 총수가 늘면서 지분율이 낮아졌을 뿐 보유 주식 수는 변하지 않았다. BTC와 메타플래닛 모두 강세를 예상하고 있다"

According to CoinNess market monitoring, BTC has fallen below $79,000. BTC is trading at $78,997.26 on the Binance USDT market.

Flop Labs CEO Arthur Hayes said the basis trade, which seeks to profit from the price gap between spot and futures markets, is showing signs of a comeback and could particularly benefit Ethena's ENA. In a post on X, Hayes said OTC brokers had started reaching out about dollar borrowing and described that as a positive sign that the basis trade was becoming active again, although rates remain too low. Hayes added ENA would be a particular beneficiary and still has significant upside. Separately, Hayes has previously invested in ENA through his family office, Maelstrom.

A whale dormant for four years recently sold 1,400 BTC worth $111.61 million, according to Lookonchain. The whale bought 2,200 BTC four years ago at an average price of $45,024, for a total of $99.05 million, and did not sell through the bear market. At one point, the position’s unrealized profit expanded to as much as $178 million. Combining realized and unrealized gains, the whale is now sitting on a profit of $76.5 million.

Metaplanet, a Tokyo Stock Exchange-listed Japanese company accumulating Bitcoin as a treasury strategy, has surged 45% over the past five trading sessions, The Block reported. On Aug. 25, the stock closed at 330 yen, up 8.2%.

Tokenized securities backed by domestic underlying assets such as money market funds, or MMFs, can now be issued and distributed in overseas blockchain markets, The Korea Economic Daily TV reported. The move follows an interpretation from South Korea’s Financial Services Commission that issuing and selling tokenized securities, or STOs, overseas based on domestic underlying assets is unlikely to be viewed as a violation of the current Electronic Securities Act. The report said the products must be sold only through private placements to overseas investors, while purchases and resales by South Korean residents must be blocked through technical and contractual measures.

Japanese cryptocurrency exchange bitbank has launched an Ethereum staking service, CoinPost reported. Users can participate by holding ETH in a bitbank account, agreeing to the staking service terms, and enabling reward receipt settings. There is no separate lock-up period, and rewards are paid around 11:00 p.m. UTC every Monday. The estimated annual yield for customers is 1.78%.

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for 25 cryptocurrencies for 10 hours from 8:00 a.m. UTC on Aug. 31 to 6:00 p.m. UTC on Aug. 31 as part of its monthly virtual asset audit. The affected assets are BTC, XRP, ETH, SOL, DOGE, WLD, XLM, SHIB, ONDO, TRX, ADA, KAIA, ETC, LINK, BCH, PEPE, SUI, HBAR, VIRTUAL, PENGU, BASED, 0G, PRL, BLEND and B3. Applications for fixed-term staking and unstaking in those assets will also be suspended during the period, Bithumb said.

On-chain analyst Axel Adler Jr. said BTC’s short-term market structure has improved markedly after recovering the short-term holder average cost basis of $68,200 and moving above the 200-day moving average of $69,000 and the 111-day moving average of $67,500. However, Adler added the 111-day and 200-day moving averages both remain below the 365-day moving average of $83,200, meaning the longer-term bearish structure has not been fully reversed. A break above and hold over $83,200 could provide a strong signal supporting a trend reversal, Adler said.