"Volatility is the price of admission for the front row seat to opportunity."
-ChatGPT

BITCOIN PRICE ACTION

• Bitcoin’s all-time high gains vanished hours later (Cointelegraph)
• $1.89B in Longs Evaporate as Bitcoin Crashes Under $118K – Is the Worst Over? (CryptoPotato, BeInCrypto)
• Bitcoin’s New Investors Hold the Line as Bulls Eye Return to $122,000 (BeInCrypto)
• Over $6 Billion Bitcoin and Ethereum Options Expire Today (BeInCrypto)

BITCOIN MINING

• Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war (Cointelegraph)
• Trump-linked American Bitcoin seeks Asia acquisitions to boost BTC holdings (Cointelegraph)
• Jack Dorsey wants to make Bitcoin mining as reusable as SpaceX rockets (The Street)

CORPORATE TREASURY

• David Bailey’s Nakamoto and KindlyMD close merger for Bitcoin treasury (The Block)
• Taiwan’s first Bitcoin treasury Top Win raises $10M for BTC purchases (Cointelegraph)

• JUST IN: 🇺🇸 Wells Fargo increases Bitcoin exposure from $26M to $160M in Q2. The banks are quietly buying. 🤫 (@BTC_Archive)

ETHEREUM

• Ethereum Could Surge To $15K As Institutions Pile In, Research Shows (NewsBTC)
• Ether price prediction markets bet ETH will hit $5K by end of August (Cointelegraph)
• Ether bull flag targets $6K as ETH supply on exchanges falls to 12% (Cointelegraph)

ALTCOINS

• Altcoin Season Could Begin in September as Bitcoin’s Grip on Crypto Market Weakens: Coinbase Institutional (CoinDesk, Cointelegraph)
• Analysts see Bitcoin buyer exhaustion as retail shifts to altcoins (Cointelegraph)
• XRP Headed to $7? The Expansion Phase Has Begun (CryptoPotato, CoinDesk)

CRYPTO

• Crypto market cap hits new all-time high, but instability looms (Finbold)

ETFs

• Citigroup weighs crypto custody as ETFs, stablecoins gain momentum (Cointelegraph)
• Ethereum treasury firm BTCS now holds 70,140 ETH worth over $321 million (The Block)
• Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day (Decrypt)
• Spot Ether ETFs rack up $3B in August as ETH hits yearly high (Cointelegraph, The Block)
• 🇭🇰 Hong Kong-based Avenir now holds $1.3 BILLION worth of Bitcoin ETFs. Asia is stacking hard. 🌏🚀 (@BTC_Archive)
• Abu Dhabi's sovereign wealth fund reports a $534 MILLION Bitcoin ETF position. Nation-state adoption is accelerating. 🔥 (@BTC_Archive)
• Grayscale seeks nod from US SEC for Dogecoin ETF under the ticker 'GDOG' (The Block)
•  

EXCHANGES

• Crypto exchange OKX permanently burns 279 million OKB tokens worth $26 billion (The Block)
• Winklevoss twins’ crypto exchange launches Gemini Wallet (Blockworks)

REGULATION

• US SEC delays decision on Solana ETF proposals from Bitwise and 21Shares to October (The Block)
• Hong Kong regulator tightens custody standards for crypto exchanges amid rising global risks (The Block, Decrypt)
• New BIS plan could make ‘dirty’ crypto harder to cash out (Cointelegraph)
• Breaking Federal Reserve Loosens Crypto Monitoring Over Banks (BeInCrypto, The Street, Bankless)

POLITICS

• Scott Bessent Suggests Government Bitcoin Purchases Remain a Possibility (CoinDesk, The Street, Decrypt, UToday)
• Senator Lummis Pushes Gold Revaluation to Bypass 15% Seized Bitcoin Bottleneck (BeInCrypto)
• New York lawmaker wants to tax crypto sales and transfers (Cointelegraph)

VOICES

• Michael Saylor: Bitcoin Recognized As Treasury Reserve Asset in US (UToday)
• TOM LEE: 95% of investors have ZERO Bitcoin exposure. It's still early. 🚀 (@BTC_Archive)
• JACK DORSEY: "Block wants Bitcoin to become p2p electronic cash and everyday money, as it was designed to be." ⚡️ (@BTC_Archive)
• JUST IN: 🇺🇸 SEC Chair Paul Atkins says he aims to make America the Bitcoin and crypto capital of the world. 💥(@BTC_Archive)[Video]
• MICHAEL SAYLOR: The road is now clear for Bitcoin and banking. (@BTC_Archive)
• SATOSHI NAKAMOTO: "Bitcoin has the potential for a positive feedback loop: as users increase, the value goes up, which could attract more users to take advantage of the increasing value.” Number go up technology.🚀 (@BTC_Archive)
• Udi Wertheimer: Bitcoin could hit $400K by year-end (Cointelegraph)
• Mike Novogratz: Billionaire Issues Crypto Alert – He’s Getting Nervous About Bitcoin’s Price (The Daily Hodl)
• Scott Bessent: Treasury Secretary says US Government Exploring Opportunities To Amass More Bitcoin for the BTC Strategic Reserve (The Daily Hodl)

• 🇺🇸 Senator Cynthia Lummis: Calls the Fed ending its Bitcoin and crypto bank supervision program a “big win.” Regulatory clarity is here. 🚀 (@BTC_Archive)

LEGAL

• Digital Currency Group sues subsidiaries over $1.1B promissory note (Cointelegraph, Decrypt)

THE BAD

• FBI warns of ‘fictitious law firms‘ targeting crypto scam victims (Cointelegraph)
• US Treasury Punishes Russian Crypto Firms Over Cybercrime Ties, Sanctions Evasion (Decrypt)
• US Justice Department unseals warrant to seize millions in crypto from alleged ransomeware operator (The Block, The Daily Hodl)
• Texan Authorities Seize $2.8M in Crypto from Alleged Ransomware Operator (Decrypt)
• Crypto address poisoning scammers netted $1.6M this week (Cointelegraph)
• Czech Police Detain Key Figure in Bitcoin Donation Scandal, Seize Assets (Decrypt)
• Brazilian Mom Held for Bitcoin Ransom After Alleged Kidnappers Stalk Crypto-Trading Son (Decrypt)

VIDEO OF THE DAY

PODCAST OF THE DAY

Simplicity Comes To Liquid with Andrew Polestar (SLP)