Jiang Zhuoer, founder of B.TOP mining pool, shared his recent ETH perpetual contract trading experience. He entered a long position of 4,000 ETH at $2,380, targeting a take-profit at $2,493. However, a K-line spike to $2,367 early in the morning disrupted his strategy, leading him to close the position at $2,403. ETH later rose to $2,493. He attributed the issue to excessive K-line noise in ETH perpetual contracts, which BTC did not have. He will now use WBETH as margin and trade BTC perpetual contracts without leverage, holding ETH spot when not trading.

A heavy news cycle from Aug. 31 to Sept. 1 brought fresh movement across exchanges, crypto treasuries, regulation, tokenization, AI products and on-chain markets. Binance said it will remove 12 cross and isolated margin pairs on Sept. 3 after suspending borrowing on some isolated pairs on Sept. 1, with auto-liquidation, order cancellation and delisting to follow. Strategy disclosed it bought 4,603 BTC for $369.7 million, while BitMine reported another week of ETH accumulation and later bought 51,000 more ETH from FalconX and BitGo. In Europe, the European Commission designated ChatGPT as a very large online search engine and classified Reddit and Roblox as very large online platforms under the Digital Services Act, triggering stricter compliance obligations. Elsewhere, ICE said it is working with tZERO on tokenized securities infrastructure, Telegram began rolling out Gram Wallet to a subset of users ahead of a wider launch to more than 1 billion users, and Solana posted record fee and governance participation data. The period also included large wallet transfers, SEC policy moves, Hyperliquid’s reported U.S. market discussions, AI-related fundraising and product launches, and a series of macro comments spanning bonds, gold and rate expectations.

Binance said in an official notice that its margin platform will delist several trading pairs at 06:00 UTC on Sept. 3, 2026, covering both cross and isolated margin markets. The affected cross and isolated pairs are TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, and BREV/USDC. The isolated-only pairs include USDE/USDC, WBETH/ETH, BFUSD/USDT, BNSOL/SOL, SUI/BTC, AVAX/BTC, and LINK/BTC. From the time the notice took effect, users were no longer able to transfer the related assets into isolated margin accounts, whether manually or automatically. Binance also said isolated margin borrowing will be suspended starting at 06:00 UTC on Sept. 1, 2026. At 06:00 UTC on Sept. 3, 2026, the exchange will carry out automatic settlement and cancel all open orders tied to those pairs. Binance advised users to close positions or move assets to spot accounts before trading support ends.

BTC.TOP founder Jiang Zhuoer said on X that his earlier bearish view on the crypto market was “way off,” and called Ether the “engine” of the current bull run. He said he shifted to swing trading in February, disclosed several ETH and BTC trades, and linked the latest rally to Donald Trump’s embrace of blockchain and tokenization. Jiang also said he still sees a 90% chance that the bear market is over. Separately, he reviewed Strategy’s debt profile, described its recent preferred-share pressure, and noted that ETF inflows helped drive the move, with $2.6 billion entering U.S. spot Bitcoin and Ether ETFs last week.

Binance said it will update leverage levels for multiple assets under its portfolio margin system at 06:00 UTC on Aug. 21, 2026, with the process expected to take about 30 minutes. ADA, BFUSD, BNB, BNSOL, DOGE, RLUSD, SOL, U, USD1, USDE, USDP, USDS, WBETH and XRP will move from 5x to 10x leverage. A separate group of 41 tokens, including 1INCH and AAVE, will be changed from 3x to 5x. Binance also said BANANAS31, KMNO, MUBARAK, NXPC, PROM, SYRUP, TUT and ZRO will be cut from 10x to 5x. The exchange advised users to monitor uniMMR to reduce the risk of potential liquidations.

Market attention on July 29 centered on a mix of crypto, policy and tech developments. SK hynix reported second-quarter operating profit of KRW 60.5 trillion and revenue of KRW 79 trillion, both below market expectations, while saying DRAM average selling prices rose about 30% from the first quarter and that HBM4 supply will expand in the second half. In Washington, Senate Republicans are trying to move the Clarity Act to a procedural vote before the August recess, though the bill still faces a tight legislative calendar, internal Republican hesitation and Democratic demands tied to ethics provisions and limits on crypto-related benefits for Donald Trump’s family. Coinbase CEO Brian Armstrong publicly urged the Senate to advance the bill, describing it as a bipartisan framework for consumer protection and federal oversight of digital assets. In crypto markets, Solana is expected to raise its mainnet block compute limit from 60 million CU to 100 million CU through SIMD-0286 at the start of Epoch 1009, a roughly 66% increase. trade.xyz said it would fully compensate liquidation losses linked to an abnormal SKHYNIX mark price event on July 27, while Hyperliquid co-founder iliensinc said the relevant perpetual market was deployed and operated by the XYZ team. Elsewhere, Elon Musk’s fortune has fallen by about $650 billion since SpaceX peaked in June but still remains above $700 billion, according to the report. The day’s roundup also included Korean market regulation moves, Amazon’s internal AI model overhaul, Apple’s brief move above a $5 trillion valuation, several crypto fundraising announcements and project updates from 1inch, Lighter and Across Protocol.

The U.S. Senate has temporarily sidelined the Clarity Act while it works through other items, narrowing the near-term window for one of the crypto industry’s most closely watched market structure bills. Majority Leader John Thune is prioritizing government nominations and a Russia sanctions bill, while this week’s schedule is also constrained by time set aside for the funeral of late Senator Lindsey Graham. Under current Senate procedure, the Clarity bill may not reach the floor until next week, just before the August 8 recess. The delay comes as large financial firms continue to line up behind the legislation. BlackRock publicly backed the bill, with Samara Cohen calling it an important step toward an investor-first digital asset framework. Franklin Templeton also voiced support, and the report said Fidelity, Goldman Sachs CEO David Solomon, and Charles Schwab have recently expressed similar views. Policy analysts cited in the report have cut the odds of passage this year to 30%. Elsewhere in the roundup, X Money began rolling out to U.S. Premium and Premium+ subscribers. Hyperliquid said Trade.xyz is investigating the SKHYNIX perpetual contract spike incident, while South Korea is studying a rule that would cap single-stock leveraged exposure at 20% of an individual’s total financial investment products. The report also covered whale activity, market data, venture fundraising, and a series of crypto and AI industry developments.

Jiang Zhuoer, founder of mining pool B.TOP, said he plans to stop shorting Ether after the current market cycle and instead short Bitcoin using WBETH as collateral. His stated setup is to post WBETH and short an equivalent amount of BTC spot, a structure he says avoids leverage-driven liquidation, preserves ETH staking yield, and reduces exchange custody risk by limiting collateral kept on-platform. He tied the shift to several market signals cited in the source report. Strategy, formerly MicroStrategy, has gone five straight weeks without adding to its Bitcoin holdings and held 843,775 BTC as of July 26 at a total cost of $63.69 billion. BitMine Immersion, led by Tom Lee, meanwhile held 5,787,414 ETH after buying another 9,946 ETH last week, with 4,917,189 ETH already staked. ETF flows also diverged on July 27, with U.S. spot Bitcoin ETFs posting an $11.6 million net outflow while spot Ether ETFs recorded an $11.7 million net inflow. The report argues the trade is less a simple bearish Bitcoin bet than a relative-value position on the ETH/BTC exchange rate. With WBETH priced at $2,070.3, about 10% above spot ETH because of accumulated staking rewards, the position keeps Ether exposure on the asset side while shorting Bitcoin on the liability side. In that structure, profit and loss are driven mainly by the direction of ETH/BTC rather than by dollar moves alone.