Bitget UEX’s latest market note tracked a cross-asset session shaped by hotter-than-expected U.S. inflation data, Nvidia’s earnings, and continued interest in Bitcoin as a hedge against fiscal concerns. U.S. July PCE came in at 3.7% year over year and 0.2% month over month, both above market expectations, keeping attention on the Jackson Hole conference and Federal Reserve Chair Warsh’s upcoming speech. U.S. equities were little changed to lower before Nvidia’s results, while storage, optical communications, and cybersecurity names outperformed. Nvidia later reported fiscal 2027 second-quarter revenue of $96.2 billion, up 106%, adjusted EPS of $2.22, and data center revenue of $89 billion, up 117%, then said fiscal 2028 revenue could grow about 70%, sending the stock up more than 4% in after-hours trading. In crypto, BTC traded around $78,785 and ETH near $2,494, with total market capitalization at $2.74 trillion. Spot ETF flows remained positive, and the report also highlighted comments from BlackRock’s Robbie Mitchnick, Bloomberg’s data on gold and Bitcoin ETF inflows, Bernstein’s $300,000 Bitcoin target by the end of 2029, and CoinDesk’s update that Ripple stablecoin RLUSD has surpassed a $2 billion market cap.

Strive has emerged as one of the few publicly traded Bitcoin treasury companies still regularly disclosing purchases at a time when the sector is splitting more sharply. Over the last four trading days, Strive rose about 54%, ahead of Strategy’s roughly 32% gain, after Bitcoin rebounded from around $62,000 to above $80,000. The rally comes as Strategy, the largest player in the space, has shifted away from a pure buy-and-hold posture and sold nearly 7,000 BTC since late June, while a sizable share of treasury names now trade below net asset value and some have slowed accumulation or cut leverage. Strive’s model looks different in several ways. As of Aug. 21, the company held 21,356 BTC, 505,000 shares of Strategy’s STRC preferred stock valued at about $48.57 million, and roughly $171.9 million in cash. It funds itself through at-the-market equity issuance in common stock ASST and perpetual preferred stock SATA, which carries a 13% annual dividend and was changed in June 2026 into what the article describes as the first U.S.-listed security to pay dividends daily. The company says it operates with no debt, no margin and no pledged Bitcoin. Its structure has also brought dilution concerns, with one August week showing that a 5.48% increase in Bitcoin holdings translated into only about 1.73% growth in Bitcoin value per common share under the CEBE measure.

Strive Chairman and CEO Matt Cole said in a post that Feb. 19 marked the bear market bottom for the company’s stock, ASST. Cole said that at the time, Strive’s CFO, CLO, several executives, and directors bought shares in the public market, while three independent directors moved into full-time roles within six months. He said the company remained highly confident in its Bitcoin exposure, its leveraged structure, and the team’s chemistry, even as outside sentiment was weak. Cole added that internal morale was strong at the time and that the company’s execution over the following six months validated that conviction. He said that although ASST has now rallied and broader market sentiment has improved, the team’s focus has not changed. In his view, the Bitcoin bull market is only beginning, and Strive has already built the corresponding leveraged structure and plans to press ahead fully. Market data cited in the report shows ASST has gained more than 50% over the past four trading days and currently has a market capitalization of about $1.686 billion.

U.S. Treasury Secretary Scott Bessent raised the per-operation cap on Treasury buybacks for 10-year, 20-year and 30-year bonds from $2 billion to at least $4 billion after long-dated yields climbed to their highest levels in years. The announcement briefly pushed the 30-year yield down, but the move did not hold, and benchmark yields remained close to recent highs. What did move sharply were other assets: Bitcoin climbed to nearly $80,000, gold approached a three-month high, and XRP posted a 51% weekly gain. Market participants read the policy step less as a lasting fix for the bond market and more as a strong signal that managing U.S. debt costs has become an active policy priority. That fed a weaker-dollar narrative and renewed interest in scarce, non-sovereign stores of value. The debate then widened to how the Treasury might fund the program, including whether it could tap the Treasury General Account, and whether the sudden shift broke with the department’s long-standing “regular and predictable” debt-management approach.

Xiaomi held its smartphone gross margin at 8.5% in the second quarter, even as rising memory costs pushed the company to lift average selling prices by nearly 300 yuan. That helped protect profitability, but global smartphone shipments fell 26.5% year over year. The company’s electric vehicle business delivered more than 104,000 cars and generated 23.9 billion yuan in revenue, yet the automotive and AI division still posted losses. Internet services remained the main profit anchor, with gross margin at 76.8% and revenue of 9 billion yuan. Management also used the earnings call to discuss MiMo, system upgrades, and humanoid robots, but those businesses are still early. The key issue for Xiaomi now is timing: its growth engines are moving on different schedules, and the next one has not fully taken over from the old one.

Tether’s March investment of $134 million in struggling biopharmaceutical firm NovaBay reshaped the New York Stock Exchange-listed company into a stablecoin holding vehicle, according to Protos. After the deal, NovaBay was renamed Stablecoin Development Corporat and used to buy and stake a sizable position in USDS, the decentralized stablecoin previously known as MakerDAO. The company’s website said the transaction would give Tether and USDS access to public markets, open participation in markets such as mortgage and prime brokerage lending, and support new partnerships. It also projected that the stablecoin market would grow from about $300 billion to $1 trillion within a year and a half and forecast 81% year-over-year revenue growth for USDS. Protos says those expectations have not materialized. The stock briefly rose from $1.30 to nearly $2.00 in early April after the announcement, but had fallen back to $1.00 at the time of writing. The report also questioned the backgrounds of the company’s executives and directors, including CEO Michael Kazley, CFO Tommy Law, COO Henry Blynn, and several board members whose experience appears rooted outside crypto and stablecoins.

A dense 24-hour stretch across crypto and macro markets brought a mix of token airdrops, policy signals, whale liquidations, and AI-related capital flows. Binance Alpha opened the third round of its STABLE airdrop, while Berachain rebranded its stablecoin HONEY to Bera USD, with no contract change but a required re-signing for some permits because of EIP-712 domain separation. In macro markets, the U.S. Treasury said it will at least double the size of liquidity-support buybacks for long-dated nominal coupon securities, lifting the cap per operation from $2 billion to at least $4 billion starting Sept. 9, 2026. After the announcement, Bitcoin briefly rose to $69,749, its highest level since June 2, even as Bitfinex said the rally still lacks stablecoin support. On the regulatory side, the CFTC secured supplemental consent orders against former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang, while also scheduling the first meeting of its Innovation Advisory Committee and seeking public comment on computing-power derivatives contracts. In markets, major leveraged positions were wiped out across BTC and ETH, including a 1,800 BTC short that was fully liquidated. Hyperliquid’s HYPE token climbed more than 20% after President Donald Trump said CFTC Chair Michael S. Selig was working to bring the platform into the U.S. in a fully compliant way, even as FalconX and Multicoin Capital moved large amounts of HYPE to exchanges.

OpenAI is aiming to become a publicly listed company in 2027, according to Chief Financial Officer Sarah Friar, who said the timetable could move up if the business grows faster than expected. Friar described an initial public offering as both a milestone and a financing channel for the company. She also pointed to OpenAI’s fundraising in March, when the company completed a $122 billion financing round, saying the deal gives it greater flexibility for future development. The comments outline a tentative listing goal rather than a fixed deadline, with earlier timing still possible if growth accelerates.