Bitcoin returns above its 200-day moving average for the first time in 9 months, with the rally potentially signaling a strengthening of its long-term trend.

According to monitoring by TradingBeats (formerly Hyperinsight), the fourth-largest ETH long address on Hyperliquid – with the top three all linked to Matrixport – has seen its unrealized profit expand to $7.3 million, at an entry price of $2,027. Data shows the address first deposited funds into Hyperliquid on August 7, began building positions on the evening of August 19 when ETH rose to $2,057, generated roughly $8 million in profit within two days, and completed its first position reduction on the morning of August 20, locking in $864,565 in gains.

Bitget’s Launchpool project Aligned (ALIGN) is now open for staking, with a total reward pool of 9,666,666 ALIGN. The staking period closes at 11:00 UTC+8 on August 27. This round of Launchpool offers two staking pools: - BGB Staking Pool: Total airdrop allocation: 8,333,333 ALIGN; VIP user staking cap: 50,000 BGB; Regular user staking cap: 5,000 BGB - ALIGN Staking Pool: Total airdrop allocation: 1,333,333 ALIGN; Individual staking cap: 33,333,333 ALIGN

Goldman Sachs MarketStrats believes that the U.S. Treasury’s expansion of long-term U.S. Treasury repurchases does have the ability to temporarily ease pressure on long-end interest rates. Citing the 1961 Operation Twist and the 2011 Maturity Extension Program, this policy tool has historically driven long-end rate declines of roughly 10 to 20 basis points (bp); Goldman Sachs judges that this round of operations—via repurchases, adjusted maturity issuance, and balance sheet management—could also deliver a temporary 20 to 40 bp drop in long-end yields. However, Goldman Sachs remains cautious about the long-term impact. The drivers behind the current rise in long-end rates are no longer just technical supply-demand mismatches, but also persistent fiscal deficits, inflation uncertainty, and an upward shift in the equilibrium real interest rate. The report also emphasizes that AI-related capital expenditures, data center construction, power infrastructure development, and reindustrialization are continuously boosting overall societal capital demand. Treasury repurchases can ease the duration supply the market needs to absorb in the short term, but they cannot reverse the broader trend of more expensive capital and a higher long-term interest rate equilibrium.

Well-known crypto trader Killa published a post stating that he believes Bitcoin has formed its bottom. Following the current rally, BTC may enter a new consolidation range, which could serve as an accumulation phase ahead of the next market expansion. He warned that the market is currently in a "manipulation phase", though some investors remain unconvinced by this assessment.

The whale known as "Set 10 Big Goals First" has reopened a Bitcoin (BTC) short position, holding 83.866 BTC in shorts worth $6.25 million at an entry price of $74,553.27. Prior reports show the whale made a $20 million profit from a long BTC position on August 19, while yesterday’s short position gave back $6.28 million of those gains, resulting in a net profit of $13.72 million from the long-short round-trip trade.

According to the official X account of AllScale, a self-custody stablecoin digital bank, the platform has launched the AllScale CLI command-line tool. A single installation enables users to perform stablecoin receiving, payments, and account reconciliation directly in the terminal. For receiving, one command sends a detailed invoice to any valid email address, supporting USDT or USDC, with no requirement for recipients to pre-register or establish a prior partnership. For payments, users only need to approve spending limits—including per-transaction caps, total budget, and validity period—once, after which the script can run unattended. Each payment creates and funds a Claim Link, so recipients don’t need to provide a wallet address; the process is idempotent, meaning failed tasks won’t result in duplicate payouts. Every command outputs JSON to standard output and returns 13 documented exit codes, letting scripts or AI agents automatically branch to handle results, eliminating the need for screenshots to verify pages. AllScale stated the CLI works in any environment that can run a shell, and it is now available on npm under the package name @allscale/cli.