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Read in-depth analysis of crypto news

Monday, 08/31/2026

Strategy Holds 845,050 BTC with $2.542B Unrealized Gain; Bitmine Holds ~5.9M ETH with $5.293B Unrealized Loss

Odaily News: Bitcoin treasury company Strategy currently holds a total of 845,050 BTC at an average cost of $75,412, with an unrealized gain of approximately $2.542 billion. Ethereum treasury company Bitmine purchased 53,501 ETH last week at a price of approximately $2,464, and now holds a total of approximately 5.9 million ETH at an average cost of $3,351, with an unrealized loss of approximately $5.293 billion.

Truth Social ETF manager Yorkville plans to launch more than ten ETFs covering themes such as the digital economy and macro strategies

According to Reuters, Yorkville America, the asset management company responsible for managing the Truth Social brand ETF under Trump, is nearing the completion of an acquisition deal aimed at further expanding its product line by acquiring an institutional asset management company. The deal is expected to be completed in September.Yorkville CEO Steve Neamtz stated that this acquisition will be an important step in the company's strategic expansion, pushing its business from the current product line focused on "America First" themed ETFs into a broader digital asset management field. Neamtz added that this marks Yorkville's first entry into the digital assets and cryptocurrency products sector, and the company has already submitted applications to launch approximately 12 additional ETFs in the coming weeks to months, covering various themes such as the digital economy and macro strategies.Meanwhile, Yorkville also announced the launch of the MANGOS Plus Index ETF, which will be listed on the New York Stock Exchange (NYSE) and NYSE Texas. This is Yorkville's first ETF not managed under the Truth Social brand, primarily betting on popular companies in the AI industry chain. The index tracked by this ETF includes companies such as Meta, Anthropic, NVIDIA, Alphabet, OpenAI, and SpaceX, while also incorporating AI concept stocks like Micron and SanDisk.

Strategy Buys Another $370M in Bitcoin, Holdings Reach 845,050 BTC

Odaily News: Business intelligence software company Strategy has purchased 4,603 Bitcoin for $370 million, at an average price of $80,318 per coin, bringing its total holdings to 845,050 BTC. The company's cumulative acquisition cost is $63.3 billion, with an average price of $75,413 per coin.

The funds for this purchase came from the net proceeds of a $602 million MSTR common stock offering, of which $30 million was used to increase its dollar cash reserves and $151.8 million was used to repurchase STRC perpetual preferred stock. This is Strategy's first Bitcoin purchase since mid-June.

Michael Saylor, co-founder and executive chairman of Strategy, posted "We're back" on X on Sunday, signaling the company's resumption of Bitcoin accumulation. On June 29, the company disclosed a capital framework that allows for funding dividends through Bitcoin sales and raised the annual dividend rate on STRC to 12%. (Cointelegraph)

Strategy invests $370 million to increase holdings of 4,603 bitcoins, marking the first time since June

Michael Saylor's Strategy purchased 4,603 bitcoins for $370 million, with an average purchase price of approximately $80,318. This marks the company's first enterprise-level bitcoin acquisition since June. According to an 8-K filing submitted to the U.S. Securities and Exchange Commission on Monday, Strategy currently holds a total of 845,050 bitcoins, with a total investment of approximately $6.33 billion and an average cost of about $75,413.The funds for this acquisition came from the net proceeds of $602 million from the sale of MSTR common stock. At the same time, the company used $30 million of this to increase its cash reserves in dollars and spent $151.8 million to repurchase its perpetual preferred stock STRC. In pre-market trading on Monday, STRC rose 0.44% to $97.33, a discount of 2.67% from its par value of $100.STRC is one of the main tools for Strategy to accumulate financing for bitcoin. The trading price below par limits its ability to raise funds through STRC and may also force the company to further increase the nominal dividend rate to attract buyers and support the stock price. In a previous 8-K filing on June 29, Strategy announced a capital framework allowing the sale of bitcoin to fund dividends and raised the annual dividend rate on STRC preferred stock to 12%.

Yorkville America, Manager of Trump's Truth Social Brand ETF, to Launch Digital Asset ETF

Odaily News: Yorkville America, the asset management company responsible for managing the Truth Social brand ETF under Trump, is nearing the completion of an acquisition deal. The company plans to further expand its product line by acquiring an institutional asset management firm, with the transaction expected to be completed in September.

Yorkville CEO Steve Neamtz stated that this acquisition will be an important step in the company's strategic expansion, pushing its business to broaden from its current product line, which is primarily focused on "America First" political theme ETFs, into a wider range of asset management areas.

Meanwhile, Yorkville launched the MANGOS Plus Index ETF on Monday, which will be listed on the New York Stock Exchange (NYSE) and NYSE Texas. This is Yorkville's first ETF not managed under the Truth Social brand, primarily betting on popular companies in the AI industry chain.

The index tracked by this ETF covers "MANGOS"-related companies such as Meta, Anthropic, Nvidia, Alphabet, OpenAI, and SpaceX, while also including AI concept stocks like Micron and SanDisk. For Anthropic and OpenAI, which are not yet publicly listed, the fund will gain price exposure through perpetual futures contracts.

Steve Neamtz said this is Yorkville's first foray into digital assets and crypto products. The company has also filed applications to launch approximately 12 more ETFs in the coming weeks to months, covering themes such as the digital economy and macro strategies. (Reuters)

Bitcoin Options Bet on $100K by 2026 as US Debt Concerns Fuel Capital Outflows

Odaily News: The US primary deficit tops the list, driving funds into safe-haven assets. Although rising yields typically weigh on non-yielding assets, debt concerns have supported Bitcoin's 23% gain this month. In the Bitcoin options market, the notional open interest for call options in the $80,000 to $100,000 strike price range is worth billions of dollars. This distribution indicates that funds are heavily betting on BTC breaking the $100,000 mark in the final four months of 2026, which is the clearest pricing of the future price path following the shift in macro narrative.

Trump: Iran Is 'Dead'

Odaily News: U.S. President Trump said that Iran has officially become a failed state and is 'dead'! Its military, currency, and government are collapsing, with inflation reaching 300%.

Meme Coin Trading Takes Over: Robinhood Chain's Daily Revenue Exceeds Ethereum's

Odaily News: Robinhood's blockchain, Robinhood Chain, has seen a surge in trading activity recently. On August 30, the network processed a record 5.52 million transactions in a single day, with on-chain applications generating approximately $2.66 million in 24-hour revenue, surpassing Ethereum's roughly $1.3 million and trailing only Solana's $5.07 million.

Meanwhile, Robinhood Chain's daily decentralized exchange (DEX) trading volume reached approximately $875 million. Among this, the two versions of Uniswap contributed about $432 million and $357 million in trading volume, respectively.

Meme coin trading is one of the main reasons for the surge in activity. Data shows that Pons, a token launchpad on Robinhood Chain, created approximately 22,600 tokens in a single day, an increase of over 40% from the previous day. Three applications—GMGN, Pons, and Uniswap—together contributed about 88% of the network's application revenue.

Robinhood launched Robinhood Chain on July 1, initially focusing on tokenizing real-world assets (RWA) such as stocks. However, within just a few weeks of its launch, meme coin trading quickly took over. Now, as the crypto market recovers, trading activity on Robinhood Chain has further heated up, with daily network transactions rising from less than 1 million in early July to over 5 million.

Based on current data, the most active use cases on Robinhood Chain are not tokenized stocks but meme coin issuance and speculative trading. (CoinDesk)

Strive Invests $143 Million to Add 1,800 Bitcoin

Odaily News: Strive CEO Matt Cole disclosed that the company invested $143 million to add 1,800 Bitcoin at an average purchase price of $79,431, bringing its total holdings to 23,156 Bitcoin.

Strive added 1800 BTC, bringing the total holdings to 23156 coins

According to the 8-K filing submitted by Strive to the SEC, the company purchased 1,800 bitcoins at an average price of approximately $79,431 from August 24 to 28, 2026.As of August 28, Strive holds a total of 23,156 bitcoins, along with 505,000 shares of Strategy STRC preferred stock (fair value of approximately $49.15 million) and about $183.5 million in cash.

Strategy Discloses Purchase of 4,603 Bitcoin Last Week

Odaily News: According to market sources, Strategy disclosed that it added 4,603 Bitcoin to its holdings last week, bringing its total holdings to 845,050 BTC. Strategy's dollar reserves increased by $29 million.

Polymarket Odds of Fed September 25bps Rate Hike Rise to 52%, Up 20% in a Week

PPP Prediction Market Tool monitoring shows that the probability of a 25 basis point rate hike by the Fed in September on Polymarket has risen to 52%, up 20% in a week.

The market is currently focused on the U.S. August non-farm payroll report, which will be released on Friday, September 4. Strong data could further boost rate hike bets. Fed Chair Warsh previously stated at the Jackson Hole Global Central Bank Symposium that if the Fed cannot be confident that underlying inflation is "clearly and sufficiently quickly" returning to the 2% target, then rate hikes remain under consideration.

Join the PPP Signal Push Community to stay ahead and seize opportunities.

Fomo Ranks in Top 5 US Finance Apps, Surpassing Cash App and Kalshi

Odaily News: Fomo, a social crypto trading app for Robinhood Chain and other networks, entered the top five finance apps in the US on August 21, at one point rising to third place, surpassing Cash App and prediction market Kalshi, and is currently in the top 15.

Fomo was founded by Paul Erlanger and Se Yong Park and launched its public beta in May 2025. In November 2025, it completed a $17 million Series A funding round led by Benchmark, with participation from 140 angel investors; subsequently, it completed a $75 million Series B funding round, bringing total disclosed equity funding to approximately $94 million.

Fomo supports Solana, Base, BNB Chain, Monad, and Robinhood Chain, allowing users to view real-time trades of followed accounts, track leaderboards, and copy trading signals, with funds available for instant deposit via Apple Pay. Its cumulative installs on Google Play have exceeded 1 million, with over 600,000 users and trading volume exceeding $4 billion. (Bitcoin.com News)

Analyst Willy Woo: Bitcoin holding rate may become a key threshold for "separation of money and state."

On-chain analyst Willy Woo stated that currently about 4% of the global population holds S&P 500 assets, 4.5% hold gold, and 5% hold Bitcoin (BTC), and suggested that the future penetration rate of Bitcoin will determine its role attributes.He indicated that at a holder population percentage of about 5%, BTC is still primarily viewed as a financial asset; if this ratio rises to about 50%, it could signify the emergence of a pattern of "separation of money and state."

Russia's largest bank predicts that under the new regulations, the first year's cryptocurrency trading volume will reach 46 billion USD

Russia's largest bank Sberbank predicts that after the new regulations come into effect, the trading volume of regulated cryptocurrency exchanges in Russia may reach 4 trillion rubles (approximately 46.4 billion USD) in the first year. Sberbank's Vice Chairman Anatoly Popov stated that this figure could grow to about 7.5 trillion rubles (approximately 87.1 billion USD) by 2029.Russian President Putin signed a law to establish a regulatory framework for the cryptocurrency market in early August, which will take effect on September 1, 2026, with some provisions coming into effect on September 1, 2027. Existing cryptocurrency exchanges will have a grace period until March 1, 2027. According to the framework, retail investors can purchase the most liquid cryptocurrencies through intermediaries with an annual limit of 300,000 rubles (approximately 3,700 USD), while qualified investors will have no restrictions.Popov stated that the bank plans to issue loans collateralized by Bitcoin, Ethereum, and USDT after approval from the central bank. Sberbank also plans to launch a cryptocurrency wallet and digital asset custody services in its Sber and Sber Investments apps by early December. The law continues to prohibit the use of cryptocurrencies for payment of goods and services within Russia but allows for foreign trade cross-border settlements between residents and non-residents.

Bitcoin developer Luke Dashjr exits mining pool Ocean

Luke Dashjr, who has been engaged in Bitcoin development for a long time, has exited the mining pool Ocean, resigning from his positions as Chairman, Chief Technology Officer, and Director. The parent company Mummolin has repurchased all of his shares. Both parties stated that this separation was mutually agreed upon, stemming from differences regarding the future direction of Bitcoin mining and recent developments in agreements.Dashjr is a co-founder of Ocean and will establish a new mining project called Convoy after his departure. Ocean stated that it will continue to operate its transparent, non-custodial mining pool, directly paying mining rewards to participating miners.This departure occurred after he took a few weeks off due to the failure of the BIP-110 proposal. BIP-110 is a controversial proposal aimed at limiting the storage of non-financial data on Bitcoin.

The Berlin city government was attacked by hackers, and the hacker group Rhysida is demanding a ransom of 30 bitcoins

According to ZEIT, the Berlin city government suffered a cyber attack two weeks ago, and the hacker group is suspected of implementing ransomware using the stolen data. According to Der Spiegel, the attackers are believed to be the long-active Rhysida hacker group, demanding a payment of 30 bitcoins (approximately 2 million euros) and threatening to release the data.The sensitive information involved may include records of violations and passwords. The Berlin state government has not yet confirmed the extent of the data breach and has not responded to the ransom amount or the identity of the attackers, stating that it will not comment "for reasons of investigative strategy." Berlin's mayor, Kai Wegner, has made it clear that Berlin will not yield to extortion. The main departments affected are transportation and construction management, which were temporarily isolated from the state government's network after the incident.

Trader Sells 31,862 SOL at a $2.2M Loss After Holding for a Year

Odaily News: According to Lookonchain monitoring, a trader (9VQb...b5k) bought 30,002 SOL at $182 each a year ago, investing $5.47 million, and staked them, earning 1,860 SOL in staking rewards worth $190,000. Subsequently, the trader sold all 31,862 SOL for $3.25 million, incurring a total loss of $2.2 million.

Tom Lee: Four major catalysts may trigger ETH; if BTC rises to $150,000 and ETH/BTC returns to 0.04, then ETH could reach $6,000

Chairman of Bitmine, Tom Lee, recently stated in an interview with the "Milk Road Show" that asset tokenization and AI intelligent finance will become the core narratives of the cryptocurrency market in the next five years. Ethereum is expected to become the underlying settlement layer of the global financial system, and currently, ETH is still severely undervalued relative to BTC.Tom Lee believes that in the remaining time of 2026, ETH may be driven by four major catalysts: the U.S. "Clarity Act" is expected to pass in September, the return of off-exchange short sellers and hesitant funds, the reallocation of crypto assets by Asian funds, and global institutional fund managers chasing top-performing crypto assets under quarterly performance pressure. He predicts that the ETH/BTC exchange rate is likely to return to the historical high of 0.08. Even if it conservatively recovers to 0.04, if BTC reaches $150,000, the corresponding price for ETH will also reach $6,000. Tom Lee also emphasized that Bitcoin still has long-term upward potential, but the larger narrative for the cryptocurrency industry in the next five years will be the "super cycle of comprehensive asset tokenization" and "AI intelligent finance."