Strive CEO: Bitcoin bear market has ended, the strongest bull market in history may be coming

As Bitcoin prices surged, spot Bitcoin ETFs posted their strongest weekly net inflow in 10 months last week. Data indicates the 13 U.S.-listed funds attracted a net $1.92 billion, the highest such figure since October last year. The inflow came amid Bitcoin’s roughly 23% price jump last week, marking its largest weekly gain in over three years.

Stablecoin digital bank Fasset announced it has completed a $68 million funding round led by Japan’s SBI Group, bringing the company’s valuation to $1 billion. Combined with the $51 million financing it secured in May, Fasset has raised a total of $119 million so far this year. Co-founder and CEO Mohammad Raafi Hossain stated that the firm’s annualized transaction volume has surpassed $40 billion, spanning 125 countries. Over the past year, its revenue has grown approximately sixfold year-over-year, and it has maintained consecutive profitability for 12 months, though specific revenue and profit figures were not disclosed. (CoinDesk)

According to HTX market data, today’s crypto secondary market gainers are led by high-quality DeFi tokens represented by SPK and MORPHO. Details are as follows: SPK rallied over 26% in a single day, with a weekly gain of 44.8%; MORPHO rose 20.84% daily, currently trading at $2.751; AAVE gained 16.76% in 24 hours, now at $144.07; PENDLE climbed 14.34% daily, priced at $1.847; ENA surged 13.64% in a day, currently at $0.1685, with a weekly jump of 96%; additionally, ETHFI, LDO, and MET all rose more than 10%.

Robinhood co-founder Vlad Tenev praised the work of builders on Robinhood’s blockchain during a recent appearance on the popular podcast *The Iced Coffee Hour*. Tenev noted that on-chain developers have built unique liquidity pools and protocols the company did not initially anticipate, combining meme coins, core crypto assets, and stock tokens. Meme coins act as an “entry point” or “reward mechanism” to connect users to actual stock tokens. Looking ahead, Tenev outlined a vision to raise the share of U.S. households holding stocks from roughly 50% before Robinhood’s launch to around 65%, with a long-term goal of pushing that figure above 95%. He emphasized tokenization as a critical tool, stating it will make U.S. blue-chip stocks and other real-world assets more accessible for global distribution. Separately, Binance’s CZ (Changpeng Zhao) also commented on crypto-stock memes on X yesterday, writing: “This is certainly fresh and interesting. But we need to ensure issuers can actually fulfill their obligations.”

This week, global markets will face multiple risk events, and the crypto market’s long-awaited rebound will be put to the test. The renewed tensions between the US and Iran will be the primary focus of market attention. US Treasury Secretary Bessent stated that the Trump administration will announce new sanctions against Iran on Monday. Trump previously warned that any country providing support to Iran could face economic consequences. Key events to watch (Beijing time): Monday: US Treasury Secretary Bessent holds a press conference on specific actions to escalate economic sanctions against Iran. Wednesday: US data releases include July core PCE price index year-over-year, July personal spending month-over-month, Q2 real GDP annualized quarterly rate revision, and July core PCE price index month-over-month; Nvidia releases its earnings report after US market close. Thursday: The Jackson Hole Global Central Bank Conference runs from August 27 to 29, with Federal Reserve Chair Waller delivering his first speech on August 28; Nvidia holds its earnings call. Friday: US data releases include August Chicago PMI, preliminary 2026 nonfarm payrolls benchmark revision, final August University of Michigan Consumer Sentiment Index, and final August 1-year inflation expectations.

According to monitoring by Onchain Lens, institutional crypto custodian Ceffu has withdrawn 120 million USDC from Ethena’s Coinbase Prime custodial wallet via six transactions over the past day. The most recent withdrawal, totaling 30 million USDC, took place approximately six hours ago.