YZi Labs Launches Atlas Scout Program to Empower College Students in Web3, AI, and Biotech Investing

Jiang Zhuoer, founder of BTC.TOP, posted that according to the full historical cycle chart, if $57,800 marks the major bottom of the current cycle, the time frame and drawdown differ significantly from the previous three cycles, leaving many investors who waited for bottom-fishing based on historical data out of the market. Once the market consolidates sideways for a period, FOMO sentiment will build, making further declines unlikely. A pullback could present a potential entry opportunity, but it may be fleeting. Jiang noted that in his recent in-depth article "Is the Bull Market Really Here? What Should Those Who Missed the Entry Do Now?", he disclosed his trading plans: Plan A: If BTC drops back to the $67,000–$72,000 range, buy immediately after downward momentum fades. Plan B: Otherwise, purchase at the current price by the end of October at the latest, regardless of the price level. Jiang added that missing the entire upcoming bull market is far more harmful than missing the current small price gain.

Binance founder CZ announced that the Demo Day for the 4th season of EASY Residency will be held in Bhutan next week, and he will attend in person. Hosted by YZi Labs, the Demo Day is a showcase event for the incubator’s incubated projects. Meanwhile, YZi Labs has officially opened applications for its 5th season, with the deadline set for September 13. YZi Labs is seeking founders in four core areas: programmable capital and on-chain markets, AI infrastructure and computing power economy, AI interfaces and consumer layers, and AI×biology and programmable science.

According to OnchainLens monitoring, FalconX transferred 80,200 HYPE tokens to a trading platform in the past day, valued at approximately $6.27 million, suggesting an imminent sale.

CryptoQuant analyst Darkfost released an analysis showing that between August 19 and 22, the total market capitalization of altcoins jumped by $215 billion in just three days, surging over 24% and pushing Total2 (the total crypto market cap excluding BTC) back above the $1 trillion threshold. Mid-cap and small-cap altcoins saw the sharpest gains, with smaller market caps correlating to greater two-way volatility. This rally was directly triggered by multiple statements from Trump on August 19: First, he announced the U.S. would purchase large amounts of Bitcoin, and urged Congress to pass the CLARITY Act, claiming his administration had "completely ended the war on cryptocurrencies." Notably, these positive developments came amid extremely thin trading volume and near-exhausted selling pressure, so their price-moving impact was significantly amplified. On the Binance platform, roughly 80% to 85% of altcoins had traded below their 200-day moving average since last November; as of now, 56% have returned above this average, with over half of the tokens holding above this key technical level, marking a systemic shift in market structure. Historically, such a broad rally of this magnitude is typically an early mid-signal of an altcoin season. However, the market has entered an overbought zone and needs a short-term pullback to digest gains; if altcoin momentum remains strong, new opportunities will continue to emerge going forward.

According to monitoring by OnchainLens, FalconX transferred 80,200 HYPE tokens to a trading platform over the past day, valued at approximately $6.27 million, and may be preparing to sell the assets.

HODL15Capital data shows that Bitcoin sell orders around the $80,000 price level are primarily from the Binance trading platform. Specifically, Binance holds approximately $31.98 million in sell orders near $79,945, $13.2 million near $80,000, and $33.27 million near $82,500. Coinbase, meanwhile, has around $38.74 million in sell orders near $80,000. HODL15Capital notes that some of these sell orders have been pending for a long time: for example, Binance’s sell order near $80,000 has existed for about 99 days, while its sell order near $82,500 has been pending for roughly 108 days. As such, the firm believes the current sell wall may not be as strong as it appears. It will be necessary to wait for BTC to trade closer to $80,000 to confirm whether these pending orders are actually intended for sale, or if sellers will move their sell orders higher.