Hash Global Research argues that Bitcoin’s price action still looks muted, but several pressures that weighed on the market are starting to ease. In a report authored by Jessica Feng of Hash Global BNB Fund and Henry Yang, head of Hash Global Secondary Market Funds, the firm said BTC has tested the $58,000-$60,000 area three times since falling below $70,000 in February, while trading in a narrow $62,000-$65,000 band for nearly two months. At the same time, 30-day implied volatility briefly fell to 36%, a multi-year low. The report points to a reshuffling of on-chain holdings as a key signal. More than 2.4 million BTC, or about 12% of circulating supply, are now concentrated between $61,000 and $65,000, including more than 1 million BTC around $63,000 alone. Hash Global said that level of concentration is rare and may indicate a new bottom is taking shape. It also cited softer macro pressure, lower concern over Strategy’s balance-sheet stress, and cooling AI trades as reasons downside forces may be fading. Still, the firm stopped short of calling a full reversal, saying the market remains in a waiting phase as investors look for clearer confirmation before the next cycle begins.

U.S. crypto-related stocks ended mixed over the past 24 hours, according to Bitget market data. Nine of the 15 tracked names advanced while six declined. IREN Ltd (IREN) led the advancers, jumping 8.54%. Cipher Digital (CIFR) followed with a 6.69% gain, Galaxy Digital (GLXY) rose 4.45%, TeraWulf (WULF) gained 3.97%, Strive (ASST) added 2.51%, Sharplink (SBET) climbed 1.60%, MARA Holdings (MARA) rose 1.12%, Circle (CRCL) gained 0.72% and Bullish (BLSH) edged up 0.11%. On the losing side, Riot Platforms (RIOT) dropped 6.99%, the biggest decliner in the session. The remaining laggards saw modest moves: Strategy (MSTR) fell 0.49%, BitGo (BTGO) lost 0.30%, Coinbase (COIN) dipped 0.26%, Gemini (GEMI) declined 0.24% and BitMine (BMNR) slipped 0.22%.

According to BitcoinTreasuries, the Swiss central bank's report shows it holds 736,300 shares of Strategy (MSTR) worth about $72.39 million.

Several public companies built around the bitcoin treasury trade have recently turned to selling coins for cash. Strategy, the largest listed corporate bitcoin holder, sold 1,690 BTC last week for $108.6 million and used the proceeds to repurchase its STRC preferred shares, while also raising $653.1 million through the sale of 6.59 million common shares. The company has now disclosed bitcoin sales four times this year, bringing total sales in 2026 to 6,948 BTC, though it still holds 840,447 BTC. Trump Media & Technology Group also reduced its bitcoin position in the second quarter, selling 65 BTC as net loss for the quarter jumped more than tenfold to $238 million, driven by unrealized losses tied to bitcoin and Cronos. Acting CEO Kevin McGurn said the company had sharply scaled back newer businesses including online gambling and crypto, and would focus on Truth Social and its new Truth API licensing product, which already has 10 signed customers. Empery Digital, meanwhile, sold 1,635 BTC between July and early August for $102.2 million, using the funds to repay repo and secured debt while preparing capital for AI data center-related real estate commitments. Taken together, the moves show how bitcoin treasury strategies are being tested by funding costs, debt pressure and cash needs.

French asset manager Amundi has disclosed a larger position in Strategy (MSTR), the bitcoin treasury company. According to the disclosure, the firm increased its holdings in Strategy shares by 148% and now owns 1.32 million shares. The position is valued at $127.7 million based on the figures cited in the source. The update adds to the list of traditional financial institutions with exposure to Strategy through equity holdings. No additional timing details or portfolio context were provided in the source material beyond the size of the increase, the total share count, and the reported value of the stake.

A long-form report by TechFlowPost argues that U.S. stock trading is shifting from legacy broker systems to crypto-native platforms, with little sign of reversal. Based on interviews with three experienced market participants — Rocky, Bean Ge and Xiadie Haida — the piece maps out what traders now treat as hard metrics when choosing a venue for equities: execution speed, order-book depth, total transaction cost, market-hours flexibility, information delivery and capital efficiency. The report says trading on centralized crypto exchanges is moving from a trial experience to a daily habit for some active users, especially during earnings season, when after-hours price moves can define outcomes. Bean Ge focuses on latency, liquidity and news tools; Xiadie Haida highlights 24/7 access, faster reaction to headlines and broader symbol coverage; Rocky looks beyond simple buy-and-sell access to how tokenized stocks can be used for yield, collateral and borrowing. TechFlowPost also reviews current platform positioning. Binance, OKX and Bitget are all expanding stock-related products, but with different emphasis across ecosystem integration, compliance, API access, tokenized products and AI-driven trading tools. The article further notes market projections cited by Rocky, who believes tokenized equities could reach a 10% penetration rate of the global stock market within three years, while regulation, transparency and on-chain composability remain central to broader adoption.

Based on the latest market data compiled by Bitget, US-listed equities associated with the cryptocurrency sector delivered a mixed result during the trailing 24-hour period. According to this data, CRCL, which is the ticker for Circle, posted a gain of 6.39 percent. GLXY, representing Galaxy Digital, advanced by 5.02 percent. BLSH, the stock tied to Bullish, increased by 4.2 percent. GEMI, which reflects Gemini, added 2.26 percent. BTGO, the ticker for BitGo, inched up by 0.6 percent. Meanwhile, MSTR, corresponding to Strategy, moved up by 0.13 percent. On the other hand, BMNR, the ticker for BitMine, declined by 2.27 percent. SBET, linked to Sharplink, dropped by 2.21 percent. COIN, the stock for Coinbase, decreased by 1.72 percent.

PANews’ daily roundup on Aug. 11 centered on two balance-sheet stories with direct relevance to crypto markets. Strategy said it sold 1,690 BTC last week and lifted its U.S. dollar reserve to about $4.65 billion, while also raising roughly $653 million through its at-the-market equity program. CEO Phong Le said the company had adjusted its approach because bitcoin alone could not meet investor demand, adding that institutional investors place greater value on cash and that Strategy now holds $4.75 billion in cash, enough to cover roughly 2.7 years of preferred dividends. Trump Media, by contrast, reported a first-half loss of $360.6 million tied to the decline in crypto asset prices. As of June 30, the company held 9,477.16 BTC with a fair value of $557.1 million, down by 65 BTC from the end of March, while its Cronos holdings stayed unchanged at about 756.1 million tokens but fell in fair value from $68 million at the end of 2025 to $40.6 million. The report also noted that most of its bitcoin had been pledged as collateral. Elsewhere, South Korea approved tougher crypto rules that tighten scrutiny of exchange major shareholders and remove the 1 million won threshold for the Travel Rule, extending it to all transfers. U.S. spot bitcoin ETFs recorded a net outflow of $145 million on Aug. 10, with BlackRock’s IBIT seeing the largest single-day net outflow at $53.56 million.