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The U.S. SEC has begun a public comment process on CBOE BZX’s proposal to list leveraged ETFs tied to three times the daily returns of Bitcoin and Ethereum, News Bitcoin reported. CBOE BZX, part of the Chicago Board Options Exchange, is seeking to list six products in total, including a 3x Bitcoin ETF, a 3x Ethereum ETF, and 3x gold, silver, crude oil and natural gas ETFs.

Bitcoin reclaiming $82,470 would support the view that the current cycle low has already formed, according to a Galaxy Research analysis. The report said backtests of past Bitcoin bear markets showed a recovery of the 50-day moving average was an early signal but had low reliability. By contrast, the 50-week moving average was a much stronger signal, with only two of 13 historical recoveries followed by another decline. Bitcoin is currently trading around $77,500, up about 32.4% from its June 30 low, the report said. The 50-week moving average stands at $82,470, and a move above that level would support the conclusion that the low for this downturn cycle is already in place. The key, it added, is not simply breaking above that price level but whether Bitcoin can post a weekly close above the 50-week moving average.

Hedge fund billionaire Ray Dalio warned a U.S. debt crisis could arrive within three years and said investors should reduce bond exposure and buy gold and Bitcoin, according to Bloomberg. In a LinkedIn post, Dalio said investors should diversify into countries with strong assets and sound fiscal health. Dalio added that investors should cut bond holdings and allocate about 10% to 15% of positions to gold, while also buying some Bitcoin to hedge risk. Such a strategy can reduce risk while boosting returns, Dalio explained.

Bitmine Chairman Tom Lee said he would choose Robinhood over Kalshi if he could hold only one for 10 years, according to a podcast interview. Lee said Robinhood has a strong competitive edge and has built a genuine connection with customers. Lee added that investors often underestimate how important Robinhood’s user interface is. On Kalshi, Lee said predicting regulatory risk in prediction markets is highly complex, involving both regional regulators and court rulings.

Digital Asset, the developer of blockchain network Canton (CC), is working with the American Idea Foundation, founded by former U.S. House Speaker Paul Ryan, on a blockchain pilot for public welfare benefits, Cointelegraph reported. Under the initiative, Digital Asset and the foundation plan to integrate and distribute state-administered welfare and aid benefits across three U.S. states. The RISE program, short for Resources for Independence, Stability, and Employment, is targeted for launch in the first quarter of next year, with a model under review that would bundle multiple types of benefits and pay them out once or twice a month. Details on the three participating states and the specific welfare programs were not disclosed. The pilot is awaiting federal government approval.

U.S. crypto-related stocks were rising alongside Bitcoin, with MARA Holdings (MARA) leading the gains at 15.54%. Coinbase (COIN) was up more than 9%, while Strategy (MSTR) was rising in the 8% range. Cipher Mining (CIFR) gained 8.31%, Riot Platforms (RIOT) added 4.98%, IREN (IREN) rose 1.91%, and Bitmine (BMNR) advanced 1.08%.

Kaito AI has open-sourced its new browser extension, Kaito Pulse, and submitted it for review on the Google Chrome Web Store after privacy concerns emerged shortly after its Aug. 18 launch. A day after the controversy surfaced, on Aug. 19, Kaito founder Yu Hu pledged to release Pulse’s source code. Kaito Pulse is a browser extension that adds a trading verification feature to X, formerly Twitter, timelines. Rather than simply letting traders claim their positions, it pulls in actual public position data from Polymarket and Hyperliquid and displays it directly in X feeds. Privacy concerns spread after analysis indicated the extension uses "device fingerprinting" to prevent abuse and also records activity on X.

CoinShares said Bitcoin is likely to trade in a range in the short term, with $80,000 serving as a key upper resistance level. A clearer upside breakout would require the Federal Reserve to clearly confirm that the direction of monetary policy risk has shifted and that it is no longer leaning toward additional tightening. CoinShares added that Bitcoin’s recent gains were driven mainly by macroeconomic factors such as softer U.S. inflation and employment data, rather than crypto-specific positives. Alongside that macro shift, CoinShares said on-chain data shows Bitcoin whales are accumulating again.

Crypto asset prices are still in winter, while institutional adoption of the sector has entered summer, STS Digital CEO Maxime Seiler said, according to The Block. Seiler said institutions tend to use the underlying technology rather than allocate capital directly to tokens, creating a gap between adoption rates and asset prices. Institutional participation and support for the technology do not necessarily mean capital will flow into tokens, Seiler added, arguing that what is being adopted is the technology itself.

Whale Alert reported that 2,000 million USDT has been burned at the Tether Treasury.

BitMine Chairman Tom Lee said this week could offer an important upside opportunity for Bitcoin. In a post on X, Lee included the English phrase "10 best days" and said historical data shows most of Bitcoin’s price gains occur during the 10 best-performing days of the year, meaning the asset’s upside tends to be concentrated in just a few trading sessions. Lee added that missing those 10 days could significantly reduce investment returns, and said long-term investors should favor a holding strategy rather than trying to pinpoint the exact bottom.

We apologize for the retransmission of an earlier article as a major story following a temporary error in the CoinNess monitoring system. The article, published earlier today, said Coinbase CEO Brian Armstrong was optimistic the Clarity Act had secured support from more than 60 senators ahead of a Senate vote on Aug. 15. We apologize for the inconvenience and will work to provide faster, more accurate content.

The European Commission is reviewing rules on crypto lending, Crypto Briefing reported. The Commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union began a feedback process in May as part of its review of the Markets in Crypto-Assets regulation, or MiCA. A central question is whether crypto lending and borrowing should be brought into the regulatory fold. The deadline for submissions is Aug. 31, according to the report. The Commission will then compile the feedback and complete its final assessment by June 2027.

Whale Alert reported that 1,000 million USDT has been minted at the Tether Treasury.

Whale Alert reported that 1,000 million USDT has been minted at the Tether Treasury.

The U.S. Internal Revenue Service has warned of phishing attacks impersonating the agency and targeting cryptocurrency holders, CoinDesk reported. Attackers are using fake tax documents to prompt victims to scan malicious QR codes under the pretext of tax filing or account verification, with the goal of stealing crypto wallet login credentials and private keys.

Circle and Tether issued a combined $3 billion in new stablecoins over the past two days, according to Lookonchain.

Bitget CEO Gracy Chen said the U.S. government is unlikely to buy Bitcoin for a strategic reserve, according to Crypto Briefing. Chen said an executive order signed in March last year limits the reserve to Bitcoin seized through criminal and civil forfeiture, with no other funds committed and no market purchases to be made. U.S. Treasury Secretary Scott Bessent has also expressed support for the strategy, but no specific purchase plan has been announced. For now, the initiative is seen as largely symbolic.

According to Spot On Chain, on-chain data shows BlackRock accumulated 11,098 BTC worth about $852 million and 132,769 ETH worth about $316 million over the past 48 hours. The combined on-chain purchases of the two assets totaled about $1.17 billion.

U.S. Democratic Rep. Stephen Lynch warned the Clarity Act would damage the banking system and weaken the dollar’s value, Crypto Briefing reported. Lynch argued the dollar’s reserve-currency status depends in part on the strength and credibility of the U.S. banking system, and that weakening banks by eroding their deposit base would undermine the dollar’s institutional foundation.

VanEck said a shift in the U.S. debt financing structure could create a favorable medium- to long-term backdrop for Bitcoin. Matthew Sigel, VanEck’s head of digital assets research, said the U.S. Treasury’s share of short-term debt had risen to 23% of marketable Treasuries, above the recommended 15% to 20% range. VanEck said greater reliance on short-term debt could increase interest costs if high rates persist, which in turn could pressure real rates lower and weaken the dollar over time. The firm added that BTC and the dollar have shown a sustained negative correlation over the past 15 years, suggesting Bitcoin could benefit as a hedge against currency depreciation if the dollar weakens structurally.

U.S. crypto-related stocks were posting sharp gains, with Gemini (GEMI) up 10.03%, Robinhood (HOOD) up 12.98%, Circle (CRCL) up 9.25% and Coinbase (COIN) up 9.6%.

Whale Alert reported that 1,000 million USDT has been minted at the Tether Treasury.

Whale Alert reported that 268,000,000 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $268 million.

Crypto exchange BitMart said it has withdrawn its earlier plan to shut down and is reviewing a phased resumption of operations through restructuring. BitMart said it held further discussions with community members, stakeholders and professional advisers, and is now preparing a potential restructuring plan instead of exiting the business. The plan could include an orderly, gradual restart of parts of its business, subject to additional legal, financial, operational and regulatory review, as well as asset distributions to creditors.