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Bitcoin Spot ETFs Pull $517M in Biggest One-Day Inflow Since May

US spot Bitcoin exchange-traded funds (ETFs) saw a surge in demand on Wednesday, pulling in $517.2 million in net inflows—marking their biggest single day since May 4. That strong session helped lift total August net inflows to $1.47 billion, extending a momentum shift that has become increasingly noticeable as the month progresses. According to data referenced by Cointelegraph, the funds have drawn in roughly $1 billion since Monday, representing their strongest weekly net inflow since the week ended Jan. 16, when they attracted about $1.42 billion. Key takeaways Bitcoin spot ETFs recorded $517.2 million in net inflows on Wednesday, the largest single-day figure since May 4. August net inflows reached $1.47 billion as inflow strength continued after Monday’s near-$1 billion total. Spot Ether ETFs added $189.2 million in net inflows on Wednesday, bringing this week’s Ether inflows to about $291.5 million. ETF inflows coincided with a broad crypto price rally and US Treasury act...
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Bitcoin Near $72K Triggers $3B+ Crypto Short Liquidations

Crypto markets have been roiled by a rapid unwind of bearish leverage, with short liquidations pushing past $3 billion over the past two days. According to CoinGlass , total liquidations for Aug. 19–20 reached roughly $3.1 billion, while Thursday marked the largest single-day wipeout of shorts recorded by the platform. Bitcoin has also been firming in the backdrop. The BTC/USD pair continued its upside reaction tied to a US Treasury liquidity intervention, trading around the $72,000 area, with local highs of $71,992 on Bitstamp reported via TradingView data. Key takeaways Short liquidations exceeded $3.1 billion across Aug. 19–20, per CoinGlass . Bitcoin accounts for just over half of the two-day short liquidation total, at about $1.65 billion. Thursday’s short squeeze was the biggest on record for single-day short liquidations in CoinGlass’ data. Short-term holders rotated out of break-even territory , moving 43,300 BTC to exchanges as price improved. Short liquidations sur...
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Bitcoin (BTC) Surprises Market With Sharp Rally, Crosses $70,000

Bitcoin surged over 7% on Wednesday, briefly crossing the $70,000 mark after several favorable developments pushed digital assets higher. The flagship cryptocurrency reached an intraday high of $70,022, triggering a short squeeze that wiped out $1.23 billion in short positions in an hour. Other tokens rallied as well, with Ethereum (ETH) up nearly 18%, Ripple (XRP) and Solana (SOL) up over 10%, and Hyperliquid up a staggering 22% over the past 24 hours. 24-hour trading volume is up 177%, and the crypto market cap is up over 8% at $2.37 trillion. Bitcoin Surges as US Treasury Steps In to Improve Liquidity Bitcoin (BTC) and the broader cryptocurrency industry rallied on Wednesday after the United States Treasury said it would double the buyback of long-term government bonds to $4 billion per operation. The move means the government will buy its own debt to shore up market liquidity, push long-term yields lower, and weaken the dollar. The decision to double buybacks came after the 30-year...
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Link Price Gains Momentum on Increasing Whale Accumulation

Link Attracting Whales Amid Robust Buy-In The entire cryptocurrency market is now in a fresh wave of bullish trend as Bitcoin and Ethereum made impressive gains during the past 24 hours. The positive performance of the two largest cryptocurrencies has spilled into altcoin space, with several altcoins gaining significant value. In that regard, Chainlink’s LINK has emerged as a focus of traders after the token registered a robust uptrend during the last day. LINK has gained above 8%, taking the coin’s value close to $10.65. The uptrend comes at a time when LINK had been trading with weak momentum and lack of direction. The uptrend is being backed by whales. Market trends suggest that there has been continued accumulation of LINK by whales rather than one-off very large transactions. Such an accumulation can prove very important as buying pressure on LINK can play an essential role in supporting the token. Unlike other transactions, LINK buying activities indicate that there have been gra...
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GnosisDAO Votes to Integrate Gnosis Chain into Ethereum Economic Zone

GnosisDAO has voted to approve a major upgrade for Gnosis Chain: the network will transition from operating as a standalone layer-1 to becoming a ZK-proven “Ethereum Economic Zone” (EEZ) rollup aligned with Ethereum. The decision is intended to move Gnosis Chain’s transaction settlement to Ethereum while still running its smart contracts in an environment designed to improve how users and applications interact with Ethereum-native liquidity and assets. In the governance vote, Gnosis Chain reported that GIP-153 passed with 123,158 GNO in support, 115 against, and 151 abstaining across 54 voters. The proposal’s turnout totaled 123,425 GNO, surpassing the 75,000 GNO quorum requirement. Gnosis Chain now says an initial launch is targeted for late 2026 or early 2027, contingent on the EEZ technology being ready. Key takeaways GnosisDAO approved GIP-153 to transition Gnosis Chain from layer-1 to an EEZ rollup that settles transactions on Ethereum. The vote cleared the 75,000 GNO quorum w...
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Nexo Starts Regulated Crypto-Backed Loans in Australia

Nexo has begun offering regulated, crypto-backed credit lines to eligible customers in Australia, positioning the service as a way to access liquidity without selling digital assets. The company said the rollout follows its registration as a credit representative under Australia’s National Consumer Credit Protection Act. In an announcement shared with Cointelegraph on Tuesday, Nexo described credit lines that let borrowers take Australian dollars or stablecoins, while posting cryptocurrency collateral. The firm said payouts are typically available within 24 hours and that the products come with flexible repayment structures, no fixed term, and no origination fees. Key takeaways Nexo Australia launched crypto-backed credit lines after becoming a credit representative under Australia’s National Consumer Credit Protection Act. Eligible customers can borrow either Australian dollars or stablecoins using cryptocurrency collateral, avoiding asset sales. Availability is generally within...
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HYPE Rallies 20% After Trump Signals Legal U.S. Route for Hyperliquid

Hyperliquid’s native token, HYPE, jumped sharply after President Donald Trump said U.S. regulators are working on a “compliant and legal” pathway that could allow the decentralized trading platform to serve American users. The move highlighted how much market participants are willing to reprice crypto assets on the prospect of clearer access to the United States—despite the absence of concrete implementation details. HYPE traded near $62 shortly before Trump’s remarks, then rose as much as 16% to a 24-hour high of $72.28, according to CoinGecko data. The token later settled around $70, up roughly 20% on the day, with 24-hour trading volume reaching about $1.4 billion. Key takeaways HYPE surged more than 20% over 24 hours following Trump remarks about a compliant U.S. pathway for Hyperliquid. Price action likely reflected expectations of future U.S. access, which could change how HYPE is perceived and valued. Hyperliquid Strategies (Nasdaq: PURR) spiked alongside the token, but th...
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