Bitcoin surged to $120,027, up 2.55% daily and nearly 10% weekly, with a market cap of $2.39 trillion. The futures market saw $134.7 million in liquidations over the last 24 hours, with $117 million of that attributed to shorts.
Altcoins also benefited from the massive surge, with Ethereum hitting $4,480 and Solana hitting $231. Binance’s BNB hit an all-time high of $1,108, up 7.27%
Spot ETF inflows remain strong: BTC +$627 million, ETH +$307 million, both marking four straight days of inflows.
Bitcoin options cluster around $100K–$120K, with light call demand at $130K and speculative interest at $300K.
The U.S. Treasury executed another $2 billion buyback, bringing the weekly total to $4.9 billion.
President Trump floated the idea of handing out $1,000–$2,000 stimulus checks funded by tariff revenue.
The industry's biggest lobbying group backs Custodia Bank's petition arguing the Federal Reserve has no discretion to deny master accounts to eligible state-chartered banks — a question Kraken's own path around the same wall already shows has more than one answer
The regulator dismantled Australia's largest cash-to-Bitcoin network using powers it already had; the AML/CTF bill now before Parliament would let it do the same to the whole sector without waiting for a company to fail first.
Jeong Sang-ho gets the same sentence as Do Kwon, but on a fraction of the alleged victim count — after a court threw out evidence tied to the case's largest fraud allegation
The Aug. 19 gathering lands a day before a CFTC advisory panel takes up the same state-versus-federal jurisdiction fight now playing out in courtrooms in at least a dozen states.
