Odaily News: Gold extended its decline on the last trading day of August. In the previous trading session, international spot gold plunged more than 3%, marking its biggest single-day drop since June 10; on Monday, it briefly fell below $4,400 per ounce during trading before paring losses. On the surface, this correction stems from hawkish signals from Federal Reserve Chairman Kevin Warsh, but the deeper shift is that the "dollar depreciation" expectations that had been driving gold higher are now facing a counterattack from higher interest rates and higher Treasury yields.
Clearly, gold is currently facing an unfavorable combination: rising oil prices are pushing up inflation, making the Fed more likely to maintain high rates or even hike, while rising bond yields further weaken gold's appeal. Market observers believe that the U.S.'s massive fiscal deficit, expanding government debt, and the Treasury's intervention in the bond market will provide long-term support for gold. As long as investors continue to worry about long-term debt and the purchasing power of currency, this "devaluation trade" is unlikely to completely disappear.
The prediction market platform Kalshi has imposed its first lifetime trading ban on former U.S. Congressman George Santos and fined him over $70,000. Santos was accused of betting on whether he would attend the Trump State of the Union address related contracts, subsequently making false or misleading statements in an attempt to influence contract prices, and failing to cooperate with the investigation.This is one of five enforcement cases announced by Kalshi, with the other four receiving only temporary bans due to cooperation with the investigation. Meanwhile, the Commodity Futures Trading Commission (CFTC) has also fined former White House teleprompter operator Gabriel Perez over $170,000 and imposed a three-year trading ban for using information from his White House job to bet on contracts mentioning specific words during Trump's speeches.Competitor Polymarket has stated that it has established systems for identifying suspicious trading through machine learning, blockchain analysis, trading monitoring, and open-source research, and has referred over 100 cases to authorities, including incidents involving U.S. soldiers using confidential information to bet on the arrest of Venezuelan leaders. As the U.S. midterm elections approach, regulatory scrutiny of the prediction market industry is increasing.
In 2014, British man Chris lost access to his digital wallet when the trading platform Intersango went bankrupt. At that time, the wallet contained approximately £4,000 worth of Bitcoin. The platform had over 5,000 accounts. It is believed that there may still be hundreds of millions of pounds worth of Bitcoin in the account of one of the company's co-founders, which former users may be able to reclaim if they can provide sufficient proof of ownership.After multiple failed attempts to contact the company over the years, Chris once gave up, stating that watching the price of Bitcoin continuously rise "felt like being punched in the stomach." However, earlier this year, he tried again and hired a lawyer to assist in proving his ownership of several dozen "lost" Bitcoins. Months later, these Bitcoins were returned to him—currently worth about £3.3 million.
The prediction market platform Kalshi has permanently banned former U.S. Congressman George Santos, marking the first time the platform has imposed a permanent ban on an individual. According to a disciplinary action settlement notice submitted on Monday, Santos violated platform rules by trading on prediction contracts regarding whether he would attend the State of the Union (SOTU) address, resulting in a fine of over $71,000.Previously, the Commodity Futures Trading Commission (CFTC) charged Santos with using his public statements made two weeks before the SOTU to influence the prices of related event contracts, and he reached a settlement of $35,000 with them. Santos's lawyer stated that he had booked a hotel and flight to Washington at that time, believing he would attend the event. Santos served as a Congressman representing New York from January 2023 until the end of the year, when he was expelled for ethical violations.As the prediction market grows to billions of dollars, concerns over insider trading are increasingly being raised. The CFTC recently also fined former White House teleprompter operator Gabriel Perez $172,000 for profiting in Kalshi's "mention market" by using advance access to Trump's speech content. Legislators have proposed several bipartisan bills to restrict trading on non-public information, but they have not yet passed; platforms like Kalshi and Polymarket are taking preventive measures such as requiring employment verification for sensitive market traders.
Famous trader Killa posted that Bitcoin will reach a new historical high next year, and ultimately, it won't matter if it is bought at 100,000 dollars. As time goes by, these barriers will be left behind. The biggest mistake is to stay on the sidelines.
Last week, Bitmine Immersion Technologies, a company listed on the NYSE, accelerated its accumulation of Ethereum, purchasing 53,501 ETH worth approximately $131 million, marking the largest single-week buy since June. The company announced on Monday that its ETH holdings have reached 5,901,112 coins, equivalent to about $14.8 billion at a reference price of $2,511 per coin, accounting for 4.9% of the total Ethereum supply of 120.7 million coins, and it has completed 98% of its "5% Alchemy" goal to control 5% of the network's supply.Since launching its treasury strategy on June 30, 2025, Bitmine has consistently bought Ethereum for 65 weeks. Including cash, other tokens, and "moonshot" investments, the company's total holdings reached $15.6 billion as of Saturday, which includes 211 bitcoins, $541 million in cash and securities, $180 million in Beast Industries equity, and $81 million in Eightco Holdings positions. Bitmine remains the world's largest Ethereum treasury and is the second-largest crypto treasury after Strategy.Chairman Tom Lee stated that the three best-performing assets since June 30 are Ethereum, Bitcoin, and Solana, with Ethereum outperforming the S&P 500 index by 5,430 basis points this quarter, laying the foundation for institutional accumulation of crypto assets.
Odaily News: According to Hyperbot data, Machi Big Brother (Huang Licheng) has turned his long positions from loss to profit, with the total position value reaching $132 million, including:
1. Ethereum long position with 25x leverage valued at $99.8 million, with floating profit of $650,000;
2. Bitcoin long position with 40x leverage valued at $29.418 million, with floating profit of $306,000;
3. HYPE long position with 10x leverage valued at $2.861 million, with floating profit of $17,800.
On Monday, CME Group officially launched two multi-asset cryptocurrency benchmark indices, one covering a broad market index and a "Emerging Crypto Index" specifically measuring large crypto assets beyond Bitcoin and Ethereum. The CME CF Emerging Crypto Index excludes Bitcoin and Ethereum, tracking a total of 10 assets: BNB, XRP, SOL, HYPE, LINK, XLM, SUI, UNI, AVAX, and AAVE; while the CME CF Crypto Market Index includes Bitcoin and Ethereum in addition to the aforementioned 10 assets.Both indices are weighted by free float market capitalization and undergo component adjustments and rebalancing every six months. The real-time version is calculated once per second and operates around the clock; the settlement version is calculated once daily and published at 4 PM London, New York, and Singapore/Hong Kong time. The methodology for the Emerging Index requires component assets to meet custody conditions, exclude meme coins, and set protocol usage rate screening thresholds based on the ratio of total locked value to total market capitalization. At the time of initial inclusion, assets that do not yet meet the general listing standards for cryptocurrency ETFs on U.S. national securities exchanges but are expected to be compliant within 30 days may temporarily enter the index with a maximum combined weight of 10%.The index is designed to be investable and can be used for passive replication by funds and derivative settlements, continuing the precedent set by CME's launch of Nasdaq CME Crypto Index futures in June. CF Benchmarks stated that the Emerging Index can be licensed for financial products, investment funds, or derivative instruments.
According to Hyperbot data, Huang Licheng's long positions have turned from loss to profit, with the overall position value rising to 132 million USD, including:25x leveraged Ethereum long position valued at 99.8 million USD, with an unrealized profit of 650,000 USD;40x leveraged Bitcoin long position valued at 29.418 million USD, with an unrealized profit of 306,000 USD;10x leveraged HYPE long position valued at 2.861 million USD, with an unrealized profit of 17,800 USD.
Odaily News: US Treasury Secretary Bessent said that traditionally, interest rates are not raised when facing supply shocks, core inflation remains very moderate, and he does not intend to speculate on possible actions by the Federal Reserve.
Odaily News: Investment firm Dragoneer Investment Group has raised approximately $1 billion for a new continuation fund, using its stakes in marquee assets such as OpenAI, SpaceX, Databricks, and wealth management firm Creative Planning as "bargaining chips." However, sources familiar with the matter revealed that Dragoneer's initial fundraising target was $2 billion, and it remains unclear which specific assets are included in the final $1 billion fund.
It is understood that Dragoneer aims to hold some of its existing assets for a longer period through the continuation fund, enhancing the fund's appeal to investors. This fundraising also reflects that as valuations of popular private tech companies like OpenAI and SpaceX continue to attract market attention, holding early-stage or private equity in these companies is becoming an important leverage for asset managers in fundraising and asset restructuring. (Bloomberg)
According to Bloomberg, investment firm Dragoneer Investment Group is raising approximately $1 billion for a new continuation fund using equity from its star assets such as OpenAI, SpaceX, Databricks, and wealth management company Creative Planning as "chips." However, sources reveal that Dragoneer's initial fundraising target was $2 billion, and it is currently unclear what specific assets are included in the final $1 billion fund raised.It is reported that Dragoneer hopes to enhance the fund's appeal to investors by establishing a continuation fund that allows for the longer-term holding of some existing assets. This fundraising also reflects that, as the valuations of popular private tech companies like OpenAI and SpaceX continue to attract market attention, holding early or private equity in these companies is becoming an important bargaining chip for asset management firms in fundraising and asset restructuring.
Odaily News: U.S. President Trump said on social media that the only reason communities across the country are unwilling to build data centers is that they want to be backward and poor. If they want to succeed and become wealthy, with significantly reduced taxes and jobs everywhere, then let data dominate everything. The good news is that many other places welcome data centers. If we kill this goose that lays the golden eggs, we will only have ourselves to blame.
Odaily News: Strategy, an entity controlled by Michael Saylor, has traded Bitcoin multiple times over the past two months, selling 6,916 BTC at an average price of approximately $62,081, raising about $429 million, and subsequently repurchasing 4,603 BTC at a higher price range of approximately $80,300, spending about $370 million, resulting in a loss of approximately $84 million from these trades.
According to Lookonchain monitoring, a certain whale received 102,900 ETH from multiple wallets 11 hours ago, worth $248.6 million; 20 minutes ago, it deposited 2,858 ETH into an exchange, worth $7 million.Currently, the whale still holds 100,100 ETH, worth $241.6 million.
Odaily News: According to Lookonchain monitoring, a whale received 102,900 ETH worth $248.6 million from multiple wallets 11 hours ago; 20 minutes ago, it deposited 2,858 ETH worth $7 million to an exchange. The whale still holds 100,100 ETH worth $241.6 million.
Odaily News: Onchain Lens posted on X that Strategy, under Saylor, recently increased its Bitcoin holdings by 4,600 BTC, with a transaction amount of approximately $370 million. Strategy currently holds 845,050 BTC, with a position value of approximately $65.91 billion, a total purchase cost of approximately $63.73 billion, and an unrealized profit of approximately $2.18 billion. The average cost of Bitcoin holdings is approximately $75,400.
Odaily News: According to SoSoValue data, as of 8:00 AM ET on August 31, 2026, the total net purchases of Bitcoin by global listed companies (excluding mining companies) last week amounted to $513 million, an increase of 529.6% compared to the previous week.
Strategy (formerly MicroStrategy) purchased 4,603 BTC at $80,318 per coin last week, spending approximately $370 million, bringing its total holdings to 845,050 BTC, marking its first purchase in nine weeks. Japanese listed company Metaplanet did not purchase Bitcoin last week, extending its streak of no purchases to seven consecutive weeks.
In addition, one other company announced Bitcoin purchases last week. Asset management firm Strive announced on August 31 that it spent approximately $143 million last week to purchase 1,800 BTC at $79,431 per coin, bringing its total holdings to approximately 23,156 BTC. French Bitcoin treasury company Capital B announced that it has raised €21 million (approximately $24.5 million) from investors and institutions, including Adam Back, to purchase Bitcoin.
As of press time, the total Bitcoin holdings of global listed companies (excluding mining companies) in the statistics stand at 1,147,229 BTC, an increase of 0.6% compared to last week, with a current market value of approximately $89.6 billion, representing 5.7% of Bitcoin's circulating market cap.
According to on-chain analyst Yu Jin's monitoring, last week two major crypto treasury companies completed a new round of accumulation operations:Strategy (formerly MicroStrategy) sold 600 million dollars worth of stock last week and purchased 4,603 BTC (approximately 370 million dollars) at an average price of about 80,318 dollars. They currently hold a total of 845,050 BTC, with an average cost of 75,412 dollars, and a current unrealized profit of about 2.542 billion dollars (+4%).Bitmine purchased 53,501 ETH (approximately 132 million dollars) last week at an average price of about 2,464 dollars. They currently hold a total of 5,901,112 ETH, with an average cost of 3,351 dollars, and a current unrealized loss of about 5.293 billion dollars (-26.7%).