Bitcoin Surges Above $81,000 Triggering Debate: Super Cycle or Bear Market Rally?

Yesterday, Cole Villemain, the co-founder ousted via a January 2022 vote by the "Fat Penguins" community, launched the Spritehood NFT collection on the Robinhood Chain. The collection, with a total supply of 44,444 units, sold out entirely in under an hour, generating $1.28 million in revenue for Cole, per statistics. The event sparked widespread discussion in the NFT space. Crypto artist Beeple posted a meme today claiming "Robinhood Chain saved NFTs," a tweet that drew a positive response from Robinhood co-founder Vlad Tenev: "Someone’s gotta do it." As a result, hype around NFTs on the Robinhood Chain has resurfaced. Tonight, the once-popular NFT collection The Saudis announced plans to launch new NFTs on the Robinhood Chain, a move that earned community approval. The collection’s floor price surged quickly from 0.028 ETH to 0.15 ETH, but due to its long period of inactivity, the NFT’s trading volume remains low, making the floor price spike unsustainable. Adding Stonkbroker—a project with Bored Ape Yacht Club (BAYC) community ties, whose core team and NFT holders overlap heavily with BAYC members—several star projects from the Ethereum mainnet ecosystem have successfully relaunched on the Robinhood Chain. However, the sustainability of this latest NFT boom may hinge on builders’ ongoing innovation and sincerity.

Trump stated that the United States fully controls the Strait of Hormuz and will continue to maintain that control. The maritime blockade, dubbed the "Iron Wall", has left Iran with no recourse.

DoubleZero has announced that Kalshi’s real-time order book data is now live on its DoubleZero Edge platform, delivering institutional-grade market data supported by multicast and dedicated fiber connectivity. The offering includes full-depth order books and all active sports and crypto perpetual contracts. It is understood that this integration enables quantitative traders and market makers to access machine-readable, zero-format real-time data without building their own infrastructure, supporting pricing, hedging, and signal generation, and significantly lowering the threshold for algorithmic trading in prediction markets.

According to market data from BIT (bit.com), US-listed SK Hynix rose more than 8% intraday and is now trading at $153.13.

August 12 Update: #Bitcoin ETFs: 1D NetFlow: -265 $BTC(-$16.97M)?? 7D NetFlow: +4,711 $BTC(+$301.16M)?? #Ethereum ETFs: 1D NetFlow: +3,823 $ETH(+$7.28M)?? 7D NetFlow: +89,742 $ETH(+$170.83M)??

Prominent trader Killa posted that during the last bull run, Bitcoin began recovering from lows ahead of ETF rumors and formal approval, emphasizing markets typically price in positive news in advance. This cycle could follow a similar pattern: the current "Clarity Act" (Regulatory Clarity Act) is shaping a new narrative. "If it indeed acts as a catalyst, it will likely mark the start of BTC’s first meaningful rally phase since the recovery from the prior bear market, and its approval will soon push Bitcoin to a new all-time high (ATH)—just like the ETF approval did," Killa noted. A BTC-focused quantitative trader, Killa correctly predicted the peak of this bull run in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then switched to a long position during the broad market sell-off on June 5.