U.S.-listed bitcoin ETFs recorded net inflows of about $3.5 billion in August, the largest since July 2025, according to Bloomberg data. Bitcoin gained 25% in the month, its best performance since November 2024. The rally was fueled by Treasury Secretary Bessent's bond buyback plan and Trump's meeting with crypto executives, but the $80,000 level proved a key resistance as bitcoin briefly dropped to $76,393. Analysts say sustained ETF buying could mark a turning point.

Bitcoin options worth $6.4 billion have expired with prices hovering near $80,000. The expiry follows a move from roughly $62,000 to $80,000, leaving traders to build positions around a new price range.

A BSC-based meme token called utility has become a talking point in crypto communities, with its market cap now at $780,000. The discussion picked up after CZ posted on Jan. 30 that GME should issue a utility token on the blockchain, hoping it would be on BSC. In response, multiple users on X identified the relevant contract address as GME's "utility" version on BSC, describing it as a new story. They have nicknamed the token the "second dragon" ($UTILITY) and treat GME itself as the "first dragon." The exchange between the post and community responses has turned the small-cap token into one of the day's most-discussed meme names on BSC.

The July US nonfarm payrolls report is scheduled for release tonight at 20:30, and markets are looking for a rebound in hiring. The median expectation is 80,000 new jobs, above June's 57,000 increase, while the unemployment rate is projected to hold at 4.2%. Average hourly earnings are expected to remain at 3.5% on the year and 0.3% on the month. ADP private payrolls, a closely watched signal, rose just 44,000 this week, pointing to a softer picture. A Reuters poll puts the consensus at 80,000, and a separate Dow Jones Newswires and Wall Street Journal survey shows an average estimate of 83,000. Goldman Sachs economists caution that July readings often miss market expectations, and prior months' job growth has been subject to sizable revisions. Behind the stable jobless rate, labor force participation has dropped to its lowest level since 2021. The latest private-sector employment data suggests companies are less eager to hire. Labor market resilience now comes more from supply and demand cooling together than from stronger recruitment.

Bitcoin's network has seen its daily active addresses climb to approximately 980,000, a level not seen since December 2024, according to data from Glassnode. This surge comes on the back of a firmware vulnerability incident that affected Coldcard hardware wallets. Analysts have noted that the recent uptick in on-chain activity is driven primarily by security concerns, and it does not represent a change in overall market confidence. Meanwhile, a number of Bitcoin holders are in the process of migrating their seed phrases and shifting assets to alternative custody solutions in order to mitigate potential security risks. The data suggests that these large-scale fund movements are more akin to an operational security measure adopted by coin holders in response to the wallet security event, rather than a reflection of any bearish or bullish shift in sentiment. Industry participants have also weighed in, saying that hardware wallet security incidents may boost on-chain transaction activity in the short run, while the long-term impact will likely depend on the pace at which users rebuild their trust in self-custody security systems.

A fresh bet has appeared on Polymarket's Dota 2 playoff event between 1win and BetBoom. Monitoring tool PPP flagged an account that has already earned over $1.4 million, purchasing $380,000 worth of shares on 1win to defeat BetBoom at an average entry price of 49.9 cents, for a total of 760,535.6 shares. BetBoom holds the edge on paper and in recent form, while 1win plays with home advantage. The best-of-three format leaves little room for error, so the matchup is far from a foregone conclusion.

Bitcoin funds saw $982M outflows last week while XRP and Solana products pulled in $67.6M and $55.1M respectively, signaling rotation into selective altcoins, per CoinShares.

Gareth Soloway says Bitcoin may still climb to $80,000-$85,000 if support holds, but he views the move as a bear market rally. He also outlined near-term setups for Ethereum, Solana, and XRP, with Solana described as the strongest chart of the four.