Topic: #markets
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Bitcoin Surges Above $72,000, Liquidating $3B in Short Bets
Bitcoin rallied above $72,000 this week, liquidating over $3 billion in short positions—the largest squeeze since 2021. Analysts warn the move was driven largely by forced liquidations, and fresh buying will be needed to sustain the rally.
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Global equity funds log three-week inflow high before late-week selloff
Global equity funds received $22.01 billion in net inflows during the week ending August 19, their largest weekly haul since late July. But rising bond yields and inflation concerns triggered a steep market decline by week's end, erasing early gains.
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$2.98B crypto liquidation cascade wipes 174K trader positions
A sharp price drop triggered the eighth-largest liquidation event on record, forcing approximately 174,350 traders out of leveraged positions for a combined $2.98 billion in losses across major derivatives platforms.
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Institutional Bitcoin ETF holdings hit record 44.2% despite Q2 price decline
Institutional investors expanded their Bitcoin ETF positions by 7.5% in Q2 2026 even as Bitcoin fell 14.2%, reaching a record 44.2% ownership share while retail investors shed over 100,000 BTC.
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TikTok Explores P2P Money Transfers via Direct Messages
TikTok is exploring a direct-message feature that would let users send money to each other using TikTok Pay, according to hidden code in the US iPhone app. The company said the feature isn't being tested anywhere yet.
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Prediction Markets Show 74% Odds of No Fed Rate Change in September
Polymarket, Kalshi, and Myriad are aligned on a standstill: traders across three major prediction platforms are pricing roughly 74% odds that the FOMC will hold rates steady at its September 15–16 meeting, matching economist consensus.
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Bitcoin Flat at $63,500 as Spot ETF Inflows Signal Institutional Demand Reversal
US spot Bitcoin ETFs absorbed more than 14,000 BTC in five days through August 7, marking the strongest stretch since May. The shift signals a reversal from Q2's institutional selling, with on-chain data starting to show bottoming characteristics despite thin volumes and multi-year low volatility.
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Chainalysis sues DHS over sole-source TRM Labs contract
Blockchain analytics firm Chainalysis filed suit in the US Court of Federal Claims, alleging the Department of Homeland Security and ICE bypassed competitive bidding to award a sole-source contract to rival TRM Labs. The lawsuit could reshape federal procurement standards for blockchain analytics tools.
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Nebius stock surges on 454% revenue growth; BofA raises target to $310
Bank of America hiked its Nebius price target from $280 to $310 following the company's Q2 earnings, which showed $582.3 million in revenue—a 454% year-over-year jump. The stock closed at $259.20, leaving room to the new target, but contrarian investor Michael Burry has increased his short position, highlighting divergent market views on the AI infrastructure play.
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Rumble's Bitcoin Holdings Surge to 293 BTC Amid AI Expansion
RUM Group, parent of video platform Rumble, increased its Bitcoin treasury by 82.32 BTC in Q2 2026, reaching 293.14 BTC worth $17.2 million. The accumulation coincides with the company's acquisition of Northern Data and 61% revenue growth.
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Goldman Sachs acquires NEOS Investments for $2.3 billion
Goldman Sachs is acquiring NEOS Investments, a specialist in options-based income ETFs, in a deal valued at up to $2.3 billion. The transaction will add $30 billion in assets to Goldman Sachs Asset Management's ETF business and position the combined entity as the eighth-largest active ETF manager.
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Bitcoin miner rejects BIP-110 despite Ocean pool backing
Simple Mining, operating through Ocean pool, used the DATUM protocol to independently reject BIP-110, a proposal to block non-financial data storage in Bitcoin transactions. The miner's block 961,634 continued the main chain while BIP-110 supporters' minority fork stalled after just two blocks.
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Ethereum Exchange Reserves Drain $25.6M Weekly as Smart Contracts Surge
Ethereum's exchange reserves are draining at $25.6 million per week while smart contract deployments surged 50% above the three-month average, signaling a structural shift from trading to on-chain utility and potential price volatility.
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Binance Bitcoin futures hit $57.8B daily volume, dwarfing spot trading
Bitcoin futures trading on Binance reached approximately $57.8 billion in daily volume, nearly eight times larger than spot activity. The surge underscores growing reliance on leveraged derivatives and raises concerns about volatility and liquidation risk.
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IRS gains real-time crypto tax oversight with 1099-DA reporting mandate
Starting January 1, 2025, custodial exchanges like Coinbase and Kraken must report crypto transactions on Form 1099-DA. The IRS will receive this data during the 2026 filing season, enabling automated detection of misreported gains and losses.
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ELIZAOS token crashes 97%, founder declares project dead
Shaw Walters, founder of Eliza Labs, declared the ELIZAOS token finished and its foundation closing after a class action lawsuit. The token has crashed 97% from its peak, trading near $0.00031 with a $2.3 million market cap.
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Circle beats earnings as Arc blockchain gains BlackRock, DTCC backing
Circle Internet's stock rose 10% in premarket trading after beating earnings estimates, though revenue fell short. The stablecoin issuer's Arc blockchain network, launching Sept. 16, has secured backing from BlackRock, DTCC, ICE, Visa, and other financial giants planning to deploy tokenized assets.
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Coldcard Firmware Flaw Exposes $114M Bitcoin Theft, Accelerates ETF Shift
A firmware vulnerability in Coldcard hardware wallets, active since March 2021, enabled attackers to drain over $114 million from more than 5,200 users by early August 2026. The incident is driving institutional and retail investors toward spot Bitcoin ETFs and regulated custodians as safer alternatives to self-custody.
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Bitcoin ETFs surge $170M inflows while Ethereum ETFs shed $11.4M
Spot Bitcoin ETFs logged $170 million in net inflows Monday while Ether ETF counterparts shed $11.4 million, underscoring institutional investors' diverging appetite for the two largest crypto assets amid market uncertainty.
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Trump Media's Bitcoin Holdings Near Collateral Level After $165M Transfer
Trump Media moved 2,628 bitcoin worth $165 million to Crypto.com, leaving holdings that roughly match the amount pledged as loan collateral. The company's next quarterly filing will reveal whether transfers were custody moves or sales.
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Coldcard firmware exploit drives bitcoin holders back to exchanges
A firmware vulnerability in Coldcard hardware wallets triggered $70–$90 million in losses and prompted retail bitcoin holders to move smaller balances onto centralized exchanges for safety, marking a sharp reversal from the self-custody migration that followed the FTX collapse.
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Bitcoin dominance surges to 58.5% as institutions retreat from altcoins
Bitcoin's market share climbed to a new high of 63% in June 2026 before settling at 58.5%, driven by sustained institutional ETF inflows. The surge reflects a structural shift in how large allocators view cryptocurrency exposure, concentrating capital in BTC at the expense of smaller tokens.
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Former BNB Chain Employee Deploys ASTEROID Token, Exits With $638K
A former BNB Chain employee deployed the ASTEROID token, acquired 79.67% of the supply for $10,000, and sold 718.8 million tokens for $628,000–$638,000 before the token crashed 50% in 20 minutes. BNB Chain initiated legal action and denied any affiliation.
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BitMEX shuts down after 11 years as regulatory pressure reshapes crypto derivatives
BitMEX, the pioneering crypto derivatives exchange, will cease operations permanently on September 23, 2026, after 11 years of trading. HDR Global Trading Limited announced the closure on July 23, citing strategic reasons amid regulatory pressures and competition.