according to Google Trends data, the global search popularity of the term "altseason" has dropped from 100 on August 13 to the current 18 due to the continuous decline of Bitcoin and altcoins in the past six days.

 according to NLNico, H100 Group has purchased 102.19 BTC and currently holds a total of 911.29 BTC.

Matrixport released daily chart analysis, stating that in the past 18 months, our cryptocurrency concept stock index has clearly outperformed Bitcoin. However, with the recent pullback in the stock prices of leading companies such as MicroStrategy, Coinbase, and Metaplanet, the index is beginning to show signs of a pullback. The cooling of buying interest in Circle after its listing further confirms the lack of momentum in new stock market trends.

 Switzerland-based alternative investment firm Syz Capital announced the re-launch of its Bitcoin Alpha fund, focusing on cryptocurrency, and plans to raise $200 million in Bitcoin. It is reported that the fund has raised about 1800 Bitcoins, with a target of 2000 Bitcoins, and the tentative re-launch date is October 1, 2025. Currently, Syz Capital has assets under management of about $2 billion, and the proposed Bitcoin Alpha fund will target investors holding Bitcoin and looking to use it for market-neutral strategies.

 MainSky Asset Management Company stated that Federal Reserve Chairman Powell is expected to open the door to a rate cut in September at the upcoming Jackson Hole Symposium. Unlike last year's meeting, this time the rate cut is expected to be only 25 basis points. MainSky predicts that there will be at least one more rate cut in the fourth quarter of this year.

 according to Lookonchain monitoring, as the ETH/BTC ratio fell, the whale 0x6e17 exchanged 3,900 ETH (worth $16.26 million) for 143.26 WBTC at a rate of 0.03673.

US Treasury Secretary Yellen is betting that the cryptocurrency industry will become a key buyer of US government bonds in the next few years, as the US government is currently seeking support for the demand for massive new bonds. Sources familiar with the matter said that Yellen has sought information from major stablecoin issuers such as Tether and Circle, and these discussions have affected the Treasury Department's plans to increase sales of short-term Treasury bills in the coming quarters. The US Treasury Department hopes that stablecoins will become a key source of demand for US government bonds, which is also the latest sign of the White House pushing cryptocurrencies into the core of the US financial system. Jay Barry, global head of interest rate strategy at JPMorgan Chase, one of the largest bond traders in the US market, said: "(Secretary Yellen and the Treasury Department) absolutely believe that stablecoins will become a true source of new demand for US bonds. This is absolutely the reason he (feels reassured about increasing the proportion of short-term debt issuance)." 

 due to the failure of Ethereum prices to break through the resistance level as scheduled, a new decline has appeared. Analysis believes that the bearish pressure in this round of the market seems to be mainly driven by large hedge funds. These hedge funds continue to short ETH in record numbers and attempt to lower the ETH price to stop losses. According to the data on the "CME Ether Futures Net Position" dashboard on The Block, the number of Ethereum shorts has risen to unprecedented levels. For hedge funds alone, the short positions in August almost doubled: on August 5, the total amount of Ethereum shorts driven by hedge funds was $2.3 billion, however, this number has quickly increased to $4.19 billion recently, indicating that hedge funds continue to expect Ethereum prices to fall.

the latest research report from Bank of America has deeply analyzed the potential revolutionary power of stablecoins in the financial system, pointing out that this digital asset, despite facing regulatory controversies, has already shown unique advantages in areas such as cross-border transactions and retail settlements. The research report clearly states that cross-border peer-to-peer (P2P) payments are the most disruptive application scenario for stablecoins - compared to traditional banking systems, their settlement efficiency and cost advantages are significant, and they may become an important channel for the flow of funds in emerging markets. It is worth noting that Shopify's move to allow merchants to accept USDC stablecoins has been seen as a landmark event in retail penetration, while the recent tokenization of UST bonds completing repurchase transactions on-chain further highlights institutional investors' recognition of stablecoin settlement functions. In terms of market demand, Bank of America estimates that the potential demand for stablecoins for US Treasury bonds in the next 12 months could reach $25 billion to $75 billion, but in the short term, it is not enough to reverse the supply-demand situation in the bond market.

as reported by Cointelegraph, the stock price of Strategy (MSTR) fell by 7.43% yesterday, closing at $336.57, the lowest level since April 17.