Bitcoin may be positioning for another move higher after holding key support despite a sharp intraday sell-off, according to prominent crypto trader DonAlt.
“Looks like we’re gonna get another leg up soon,” DonAlt said in a post on X on Aug. 31.
The outlook comes as Bitcoin enters September following an unusually strong August and a powerful third-quarter recovery. The largest cryptocurrency has climbed sharply from around $64,700 earlier in the month. Recent price action shows $BTC consolidating near $78,000 after briefly approaching $81,000.
Bitcoin holds support after sharp sell-off
Bitcoin briefly moved above $80,000 in late August before retreating toward $77,000. Instead of extending its decline, however, the cryptocurrency stabilized and began to recover, suggesting that buyers remain active below $78,000.
Bitcoin recently suffered an almost 6% intraday decline after Federal Reserve governor Kevin Warsh adopted a more hawkish tone, according to Bitfinex. The cryptocurrency nevertheless held near $77,100.
Strategy buys another 4,603 Bitcoin
Strategy, the Michael Saylor-led business intelligence company that has made Bitcoin the centerpiece of its treasury strategy, purchased another 4,603 $BTC for approximately $369.7 million. The purchases took place between Aug. 24 and Aug. 30 at an average price of $80,318.
The acquisition shows that Strategy continued buying despite considerable Bitcoin volatility toward the end of the month. Whale activity has also remained elevated. Whale Alert reported the transfer of 1,922 $BTC, worth approximately $149.7 million, between two unidentified wallets on Aug. 31.
Large cryptocurrency transfers do not necessarily indicate buying or selling. They can also reflect internal wallet movements, custody changes or other forms of repositioning.
Bitcoin posts one of its strongest August performances
Bitcoin’s technical setup comes as the cryptocurrency closes one of its strongest months in years.
Bitcoin’s third-quarter return currently stands at approximately 32.48%, substantially above its historical average Q3 return of 7.94%. The performance is particularly notable because it follows two consecutive quarterly declines: a 22.2% loss in Q1 and a 14.09% decline in Q2.
Analysts remain divided over a sustained Bitcoin rally
Despite the increasingly bullish technical picture, some analysts remain skeptical that Bitcoin has entered a new sustained bull market.
Mike McGlone, a longtime Bitcoin bear, argued that the cryptocurrency continues to face significant macroeconomic headwinds. He cited Federal Reserve policy, competition across the broader crypto market and Bitcoin’s growing correlation with equities as reasons for caution.
As a result, the $80,000-$81,000 range could become a major test for Bitcoin bulls.
Solana is strengthening its position in the cryptocurrency market, accounting for the majority of memecoin trading across all blockchain networks. According to a recent report from SolanaFloor, Solana represented 78% of total decentralized exchange (DEX) trading volume for memecoins last week.
The figure highlights growing activity across the Solana ecosystem and could influence market sentiment in the days ahead. The development comes as traders continue to monitor renewed interest in memecoins and Solana’s recent surge in token-launch volume.
Solana Captures 78% of Memecoin DEX Volume
The broader crypto market has shown mixed signals, but Solana’s performance in memecoin trading has stood out. Its 78% share of DEX volume points to strong community engagement and a possible shift in trader attention toward Solana-based assets.
Recent activity also suggests that Solana recorded its highest token-launch volume in recent periods, further increasing attention on the network as a venue for memecoin trading.
Why Solana’s Memecoin Activity Matters
Solana’s elevated trading activity comes against a backdrop of mixed market conditions. The reported DEX volume indicates that traders are engaging more actively with memecoins on the network, which could contribute to increased volatility and create additional trading opportunities as community interest develops.
Solana is a high-performance blockchain designed for decentralized applications and cryptocurrency projects. Its DEX infrastructure has made it a popular choice among traders interested in memecoins, particularly during periods of heightened market activity.
The increased attention from traders and investors reinforces Solana’s position as a leading platform for memecoin activity. However, whether the network can maintain its current share of trading volume will depend on continued user engagement and broader market sentiment.
What Crypto Traders Are Watching Next
Traders will be watching whether Solana can sustain its momentum in memecoin trading. With the Fear & Greed Index continuing to fluctuate, changes in market sentiment could affect trading strategies and demand for speculative crypto assets.
A significant rise or decline in Solana’s DEX volume and user engagement could either strengthen or weaken the current enthusiasm surrounding memecoins. Broader cryptocurrency market trends are also likely to influence whether Solana’s dominance continues.
This article is for informational purposes only and does not constitute financial advice.
Avail Network Halts Block Production for 40 Minutes
Block production on the Avail network was halted for approximately 40 minutes, according to community reports. The interruption occurred earlier today and was not immediately explained by the Avail team, leaving validators and users waiting for an official update.
What Happened on the Avail Network?
Avail, a blockchain project focused on data availability, temporarily stopped producing blocks. No new blocks were generated during the interruption, effectively pausing network activity.
Community members first flagged the incident on social media, while block explorers confirmed a gap in block production. The network resumed operations after roughly 40 minutes, and there have been no reports of user funds being at risk.
Avail has not published a detailed post-mortem. The cause of the halt remains unconfirmed and could involve a consensus issue, validator coordination problem, or another technical fault.
Community Response and Network Impact
Avail provides data availability infrastructure for layer-2 solutions, making network reliability an important concern for dependent applications and users. Even a short outage can raise questions about operational resilience and communication.
Validators and node operators shared observations on Discord and Twitter during the incident. Some users also expressed frustration about the lack of real-time information while block production was paused.
The Avail team has not indicated whether it will release a formal incident report. Blockchain projects commonly publish technical reviews after similar disruptions to explain the cause, reassure stakeholders, and outline steps to prevent a recurrence.
Why the Avail Outage Matters
Avail is part of a growing group of blockchain infrastructure projects addressing data availability, a key requirement for scaling decentralized networks. Any period of downtime can affect applications that depend on the network and may influence user confidence.
The incident highlights the operational challenges emerging blockchain networks face as they expand. Avail appears to be operating normally again, but the absence of an official explanation leaves open questions about the root cause and possible preventive measures.
Frequently Asked Questions
What is the Avail network?
Avail is a blockchain project that provides data availability layer solutions. Its infrastructure helps other blockchains scale by ensuring transaction data remains accessible and verifiable.
Were user funds affected by the halt?
No reports indicate that user funds were lost. The incident temporarily stopped block production, and the network continued operating after production resumed.
Will Avail release a post-mortem?
No official post-mortem has been published so far. The Avail team has not publicly commented on the incident, although further updates may follow.
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USBC, a company known for its Bitcoin treasury strategy, has filed a registration statement covering approximately 359.82 million shares. The shares represent about 92.7% of the company’s total shares outstanding and could be resold by existing shareholders.
The shares have already been issued, and no sale had been determined as of the filing date, according to a report from CryptoSlate.
What USBC’s Share Resale Registration Means
Registering a large portion of a company’s outstanding shares can indicate that major shareholders may be preparing to sell. However, the filing does not guarantee that any shares will be sold immediately.
The registration gives existing investors greater liquidity and may lead to increased trading activity. For USBC, it also represents a significant corporate governance development that could affect the company’s shareholder structure and market perception.
As of August 24, USBC held 1,029.25 BTC. Approximately 478 BTC had been pledged as collateral for an $18 million loan.
Using Bitcoin as loan collateral allows companies to raise capital without selling their digital assets. This approach enables USBC to retain exposure to potential Bitcoin price gains while accessing fiat liquidity, although it also creates additional financial risks.
USBC’s Bitcoin Options Trading Strategy
Alongside its collateralized loan, USBC is using 34.1% of its total Bitcoin holdings in options trading. The strategy reflects a more active approach to treasury management, potentially aimed at generating income or managing exposure to Bitcoin’s price volatility.
Options trading can create additional revenue opportunities, but it also adds complexity and risk, particularly in the volatile cryptocurrency market. The combination of collateralized lending and options trading shows how Bitcoin-holding companies are seeking to use their digital assets beyond a simple buy-and-hold strategy.
At the same time, the strategy raises questions about the amount of risk USBC is willing to accept and how unexpected Bitcoin price movements could affect its balance sheet.
Potential Impact on USBC Investors
The share resale registration could increase the potential supply of USBC shares in the market. If a large number of shares are sold, the additional supply could put downward pressure on the stock price.
However, the filing does not confirm that a sale will occur. It may simply provide the legal framework for future transactions and give shareholders more flexibility.
USBC’s disclosure of its Bitcoin holdings, collateralized loan and options trading activity also gives investors more information with which to evaluate the company’s financial position and risk profile.
The development highlights the evolving role of Bitcoin in corporate treasury management. Companies are increasingly using Bitcoin not only as a long-term holding, but also as collateral for loans and as part of trading strategies. This trend could influence other corporations considering similar approaches and contribute to broader institutional adoption of Bitcoin and other cryptocurrencies.
Frequently Asked Questions
What does it mean when a company registers shares for potential resale?
Registering shares for potential resale means that existing shareholders are permitted to sell their shares on the open market. It does not mean the shares have been sold immediately. Instead, the registration establishes the legal framework for possible future sales and can increase shareholder liquidity and flexibility.
How does USBC use its Bitcoin holdings in options trading?
USBC uses 34.1% of its total Bitcoin holdings in options trading. This may involve strategies such as writing covered calls or puts to generate income or hedge against price fluctuations. Such strategies can provide additional revenue but also expose the company to market risk.
What are the risks of pledging Bitcoin as collateral for a loan?
Pledging Bitcoin as collateral allows a company to access fiat currency without selling its Bitcoin. However, a significant decline in Bitcoin’s price could trigger margin calls. USBC might then be required to provide additional collateral or sell Bitcoin to maintain the loan terms, potentially resulting in losses.
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CME Group and CF Benchmarks have launched two multi-asset crypto indices designed to give institutional investors a broader view of digital-asset market performance beyond Bitcoin and Ether.
The CME CF Crypto Market Index and the CME CF Emerging Crypto Index went live on August 31, 2026, shortly after 10 a.m. London time. The launch marks a shift from single-asset cryptocurrency reference rates toward market-wide benchmarks for performance tracking, risk management and potential structured products.
Key details of the new crypto indices
The CME CF Crypto Market Index tracks Bitcoin and Ether, weighted by free-float market capitalization.
The CME CF Emerging Crypto Index excludes Bitcoin and Ether to focus on other digital assets.
Both indices update approximately every second and use data from regulated exchanges.
Daily settlement rates are published for London, New York and Asia-Pacific time windows.
The indices do not settle futures or options contracts.
CF Benchmarks administers both indices under UK Financial Conduct Authority oversight.
Eligibility reviews take place twice a year, in June and December.
How the CME CF crypto indices work
The two benchmarks are designed to provide complementary views of the cryptocurrency market. The Crypto Market Index covers the market’s two largest and most established assets, while the Emerging Crypto Index looks beyond them to other eligible digital assets.
CME CF Crypto Market Index
The CME CF Crypto Market Index serves as a broad-market benchmark for Bitcoin and Ether. The two assets are weighted according to free-float market capitalization, a methodology similar to that used by major traditional equity indices such as the S&P 500.
CME CF Emerging Crypto Index
The CME CF Emerging Crypto Index deliberately excludes BTC and ETH. Its purpose is to track a broader group of digital assets outside the two leading cryptocurrencies.
CME Group and CF Benchmarks have previously developed single-asset reference rates for tokens including $XRP and $ICP. The emerging-market index is intended to provide exposure to the wider group of assets that sit beyond Bitcoin and Ether.
Data sources, updates and eligibility reviews
Both indices use constituent data from regulated exchange sources and update approximately every second. They operate continuously throughout the year, while daily settlement rates are published during three regional windows covering London, New York and Asia-Pacific trading hours.
Constituent eligibility can change over time. Semi-annual reviews held each June and December determine which tokens qualify for inclusion, using the CF Investible Universe, a standardized eligibility framework that CF Benchmarks also applies to its single-asset products.
Testing for both indices began on August 24, 2026, one week before the public launch. The testing period allowed CME Group and CF Benchmarks to validate their data feeds before the benchmarks went live.
Why the launch matters for institutional crypto markets
CF Benchmarks administers the indices under the oversight of the UK’s Financial Conduct Authority. That regulatory framework is important for institutional investors, asset managers, pension funds and ETF issuers evaluating whether a benchmark is suitable for use in financial products.
The new indices extend the partnership between CME Group and CF Benchmarks, which began with Bitcoin reference rates and later expanded to single-asset benchmarks for cryptocurrencies such as $XRP and $ICP. The multi-asset products represent the next stage in that development, offering institutional-grade data for measuring broader crypto-market performance.
A single-asset reference rate shows the value of one cryptocurrency at a particular time. A market-wide index answers a different question by showing how a broader segment of the asset class is performing. That distinction can help portfolio managers assess allocations and compare crypto performance against other investments.
The indices are not currently used to settle futures or options contracts. Instead, they are designed for performance measurement and risk management, with possible future applications in structured products such as exchange-traded funds.
Frequently asked questions
What digital assets do the new CME Group indices track?
The CME CF Crypto Market Index includes Bitcoin and Ether. The CME CF Emerging Crypto Index excludes both assets and focuses on other eligible digital assets.
How often do the indices update?
Both multi-asset crypto indices update approximately every second and operate continuously throughout the year.
Are the indices used to settle futures or options contracts?
No. The indices are designed for performance tracking and risk management rather than for settling derivatives contracts.
Who administers the indices?
CF Benchmarks administers both indices under the oversight of the UK Financial Conduct Authority.
Bybit has launched perpetual trading for $PONSUSDT, expanding the exchange’s altcoin trading offering. The announcement, shared by crypto commentator @Bybit_Official, comes as trader interest shifts across the cryptocurrency market amid mixed conditions.
Bybit users can trade the new perpetual contract with up to 20x leverage, giving eligible traders greater exposure to potential price movements in the $PONSUSDT market.
Bybit Launches $PONSUSDT Perpetual Trading
The launch adds $PONSUSDT to Bybit’s range of perpetual contracts at a time when altcoins are showing varied momentum. The new listing may attract traders seeking leveraged opportunities and reflects broader interest in diversifying cryptocurrency portfolios during periods of market volatility.
Unlike spot trading, perpetual contracts allow traders to speculate on an asset’s price without an expiry date. Leverage can increase potential gains, but it can also magnify losses and trading risk.
$PONSUSDT Trading and Market Context
$PONSUSDT is now live on Bybit, although specific trading volume figures were not available at the time of the announcement. Broader market trends remain mixed, with some digital assets stabilizing while others experience notable rotations.
Traders are monitoring the new Bybit listing for signs of changing market sentiment, liquidity and participation. As a new perpetual trading pair, $PONSUSDT may appeal particularly to users interested in leveraged altcoin markets.
What Traders Should Watch Next
Trading volume, price performance and market sentiment will be key indicators as $PONSUSDT develops on Bybit. Continued sector rotation could lead to additional altcoin listings and influence trading strategies across the cryptocurrency market in the coming weeks.
This article is for informational purposes only and does not constitute financial advice.
Solana ($SOL) is showing strong on-chain fundamentals despite its recent price pullback, according to crypto analyst Ali Martinez. The data suggests that Solana could begin a new upward move toward $150 if key support and resistance levels are cleared.
Solana network growth remains strong
Data shared by Martinez shows that the price of $SOL has declined approximately 8.31% since August 26, falling from $110.50 to $100.40. However, activity on the Solana network continues to expand. An average of 9.5 million new addresses were created each day over the past week.
Martinez said sustainable network growth is an important indicator of adoption, noting that similar trends have appeared before major Solana price rallies.
Whale holdings and ETF inflows increase
Demand from large investors has also strengthened. The number of wallets holding at least 10,000 $SOL has increased by 1.58%, with 52 new whale wallets recently joining the network.
Institutional demand has remained positive as well. Spot Solana ETFs traded in the United States have recorded net inflows for seven consecutive weeks. Martinez reported that more than 1.2 million $SOL, worth approximately $120 million, flowed into the ETFs last week alone.
Solana exchange balances decline
Another bullish signal highlighted by Martinez is the decline in Solana held on cryptocurrency exchanges. Exchange balances fell by 4.91% over the past week, representing withdrawals of approximately 2.6 million $SOL.
According to Martinez, the trend points to rising demand and could indicate lower short-term selling pressure across the market.
$103 support becomes crucial for SOL price
From a technical perspective, the $103 level is a key support zone for Solana. On-chain data indicates that approximately 39 million $SOL were purchased in this region.
If the $103 support level holds, traders are likely to monitor $123 and $132 as important resistance areas. Each zone has a cost density of approximately 20 million $SOL.
Martinez said that a break above the $123 and $132 resistance levels could accelerate the uptrend and open the way for a potential move toward $150.
The S&P 500 is on track to deliver another positive inflation-adjusted return in 2026, but the market’s gains are increasingly reliant on corporate profits holding up in a more challenging interest-rate environment.
The benchmark index has climbed approximately 12%–13% year to date through late August, comfortably outpacing recent U.S. inflation readings. The Consumer Price Index rose about 3.4% over the 12 months through July, while the Federal Reserve’s preferred personal consumption expenditures measure increased 3.7%. As a result, stock investors have achieved a substantial positive real return after accounting for higher consumer prices.
Corporate Earnings Are Driving More of the S&P 500 Rally
The key question for the 2026 stock-market rally is what is supporting it.
S&P 500 companies delivered exceptionally strong second-quarter results. FactSet reported that earnings growth reached its highest level since the second quarter of 2021, while Reuters estimated year-over-year second-quarter growth at approximately 33.5%.
FactSet also found that 86% of companies reporting through Aug. 7 exceeded earnings-per-share estimates. That compares with five-year and 10-year averages of 78% and 76%, respectively.
Analysts currently expect third-quarter earnings to grow by roughly 27%–28% year over year, with full-year profit growth projected at approximately 30%.
Those results give the equity rally a stronger fundamental foundation than a market advance driven solely by expanding valuation multiples.
Artificial intelligence remains a central part of the market’s growth story. Technology and communication-services companies have generated some of the strongest profit gains, while continued investment in AI infrastructure is supporting earnings expectations.
AI-related stocks have repeatedly helped lift the latest rally. Nvidia and other semiconductor companies helped push the S&P 500 toward record territory in August.
Inflation Still Matters as Stocks Rise
A positive nominal stock-market return does not necessarily translate into the same increase in purchasing power.
If the S&P 500 gains 13% while inflation reaches 3.5%, the simplified real return is approximately:
13% − 3.5% = 9.5%.
The precise inflation-adjusted calculation is slightly different because returns compound, but the subtraction offers a useful approximation.
Comparing stock-market performance with inflation also helps place record index levels in context. Investors care not only whether the S&P 500 rises, but whether those gains increase purchasing power faster than consumer prices.
Coinpaper’s guide to real yields explains the same concept from the bond-market perspective: inflation determines how much of a nominal investment return remains in real terms.
Higher Treasury Yields Pose a Growing Risk
The main challenge is that persistent inflation is keeping borrowing costs elevated.
The 30-year Treasury yield recently traded above 5.2%, near its highest level since 2007, while the 10-year yield has remained around 4.7%. Higher Treasury yields increase the returns investors can earn from relatively low-risk government debt and raise the discount rate applied to future corporate profits.
That pressure has already affected equities. The S&P 500 reached a record 7,798.99 on Aug. 13 before a bond selloff pushed stocks lower. The reversal was especially painful for highly valued technology and semiconductor shares.
Federal Reserve policy represents another risk. Markets sharply increased expectations for a September rate hike after Chair Kevin Warsh reiterated that inflation remained too high. Renewed pressure on oil prices has added another potential catalyst for inflation.
For investors, the outlook is more nuanced than the headline “stocks beat inflation.”
The S&P 500 is still generating a strong real return in 2026, and exceptional earnings growth is providing significant support. However, sustaining that advantage will increasingly depend on corporate profits growing quickly enough to offset persistent inflation, higher bond yields and tighter financial conditions.
Ethereum price traded near $2,455 on Aug. 31 after buyers again failed to hold ETH above $2,500. The cryptocurrency remained trapped between resistance near $2,550 and support around $2,400.
Ethereum price action today
According to data from crypto.news, Ethereum opened the week at $2,481.78 before reaching an intraday high of $2,564.27 on Aug. 27. Sellers rejected that move, and ETH traded near $2,455 at the time of writing on Aug. 31.
The pullback left Ethereum about 1% below its weekly opening level. However, ETH remained up roughly 28% over 30 days after recovering from below $1,900 earlier in August.
The daily chart shows that the recovery accelerated around Aug. 19, when ETH broke above a group of long-term moving averages between approximately $1,900 and $2,050. The price then climbed more than 30% over several sessions before entering consolidation.
ETH has since traded mainly between approximately $2,390 and $2,550. Repeated upper wicks near the top of the range indicate that buyers have tested resistance several times without securing a sustained daily close above it.
The latest daily candle recovered from a low near $2,401, suggesting that buyers continue to defend the lower end of the range. However, Ethereum must reclaim $2,500 before it can retest the Aug. 27 high.
Ethereum momentum cools after August rally
Ethereum’s daily relative strength index stood at 68.34, down from levels above 70. The reading remains close to overbought territory, but it also shows that momentum has eased as ETH struggles below $2,550.
Ethereum price daily chart — Aug. 31 | Source: crypto.news
The RSI’s moving average was higher at 75.33. An RSI move below its average after an overbought reading can accompany consolidation or a deeper pullback, although the indicator does not determine the next price direction by itself.
ETH continues to trade above all five moving averages shown on the daily chart. The 20-day simple moving average sits at $2,246.73, making it the first major dynamic support if the current range breaks down.
The 50-day and 200-day moving averages stand at $2,031.57 and $2,026.20, respectively. Contrary to the earlier death-cross concern, the latest chart shows the 50-day average slightly above the 200-day line. The narrow gap suggests that the longer-term trend has improved, but it leaves little room to absorb a sharp reversal.
The 100-day moving average sits near $1,897.27. Ethereum’s position well above that level reflects the strength of the August recovery, although the distance between the price and its moving averages also leaves room for mean reversion.
Ethereum faces liquidity near $2,550
The 4-hour chart places ETH inside a horizontal range extending from around $2,390 to $2,550. The price has tested both sides since Aug. 21 without producing a confirmed breakout.
Ethereum price 4-hour chart — Aug. 31 | Source: crypto.news
Short-term momentum remains mixed. The Aroon Down reading stood at 71.43%, compared with 64.29% for Aroon Up, showing a slight bearish advantage after the latest rejection. However, both readings remain elevated, which is consistent with volatile price movement inside the range rather than a clear directional trend.
Chaikin Money Flow stood at minus 0.07 on the 4-hour chart. The negative reading points to mild net selling pressure, but its proximity to zero suggests that sellers have not established strong control.
The one-week CoinGlass liquidation heatmap shows a dense concentration of leveraged positions around $2,545–$2,550, followed by another liquidity band near $2,570–$2,580. A move into either area could trigger short liquidations, although the same zones may also attract renewed selling.
Ethereum liquidation heatmap | Source: CoinGlass
On the downside, visible liquidation concentrations sit near $2,410 and $2,390. A break below $2,400 could therefore force leveraged long positions to close and increase short-term volatility.
Key ETH levels to watch
A daily close above $2,550 would invalidate the upper boundary of the current range and clear the way for a test of the liquidation zone near $2,575. The next wider resistance area sits near $2,650, according to the price structure shared by market analyst Ted Pillows.
Pillows said ETH had tried and failed to break $2,550 again. He expects further range-bound trading and “a small capitulation before reversal,” while his chart identifies approximately $2,250 as the first deeper support.
$ETH tried to break above the $2,550 level but failed again.For now, I think most of Ethereum’s moves are done in the short term.Expecting more chop and a small capitulation before reversal. pic.twitter.com/Q1pD2dS8xR
The immediate downside level remains $2,400. A 4-hour or daily close beneath it would shift attention toward the 20-day moving average near $2,247, which closely matches Pillows’ first support zone.
If that area fails, the 50-day and 200-day moving averages around $2,030 form the next major support cluster. A decline that deep would erase much of the late-August breakout and weaken the current recovery structure.
The bullish setup requires ETH to defend $2,400, reclaim $2,500 and close above $2,550. The bearish setup would gain strength below $2,400, with $2,247 and $2,030 serving as the main lower targets.
US policy remains an Ethereum market catalyst
Market analyst Michaël van de Poppe said the ETH-to-Bitcoin pair was moving sideways near what he considered a potential entry zone. He expects ETH to outperform Bitcoin in the coming month based on his forecast that the CLARITY Act will receive approval.
However, the legislation had not been enacted as of Aug. 31. An Aug. 5 regulatory filing said the bill passed the House in July 2025 and advanced through the Senate Banking Committee in May 2026, but negotiations remained ongoing and its prospects were uncertain.
US spot Ethereum ETF flows provide another measure of institutional demand. US spot Ethereum ETFs recorded $815.7 million in net inflows across the five trading days from Aug. 24 to Aug. 28, according to data compiled by Farside Investors. BlackRock’s ETHA led the weekly intake with $567 million, while the ETF group posted its largest daily inflow of the week on Aug. 27 at $225.8 million.
ETH therefore enters September with its monthly recovery intact but short-term momentum fading. The next confirmed move depends on whether buyers can clear $2,550 or sellers can break the support and liquidation zone around $2,400.
Strive has added another 1,800 Bitcoin to its corporate treasury in a purchase worth $143 million, according to CEO Matt Cole. The company paid an average of $79,431 per Bitcoin, increasing its total holdings to 23,156 BTC.
At Bitcoin’s price of approximately $78,000 at press time, Strive’s cryptocurrency holdings are valued at about $1.76 billion.
Strive acquired an additional 1,800 $BTC for $143M at an average cost of $79,431 per bitcoin, bringing total holdings to ₿23,156.$ASST $SATA pic.twitter.com/6ztKhC4PFF — Matt Cole (@ColeMacro) August 31, 2026
Strive accelerates Bitcoin accumulation
Strive has increased the pace of its Bitcoin purchases in recent months. The company added another 1,110 BTC last week, as previously reported.
Cole also published a chart on X showing Strive’s acquisitions over roughly the past year. The chart indicates that the company has completed an increasing number of Bitcoin purchases since March.
Strategy and Bitmine also expand crypto holdings
Strive’s latest purchase is the third major cryptocurrency acquisition announced by a prominent company today.
Strategy resumed its Bitcoin buying after a two-month pause, spending $370 million to acquire 4,603 BTC.
Bitmine also expanded its cryptocurrency portfolio by purchasing 53,501 ETH. The former Bitcoin miner’s total Ethereum holdings have now surpassed 5.9 million ETH, representing 4.8% of the asset’s circulating supply.
If you want to learn more about Strategy’s latest moves or the broader cryptocurrency market, watch our video below.
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