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Bitcoin (BTC) temporarily recovered to 111,000 dollars. BTC is trading at 111,081.26 dollars as of 02:54 on the 16th, based on the Binance Tether(USDT) market, down 1.51% from the previous day.
On the 15th (local time), according to BeInCrypto, a media outlet specializing in virtual assets (cryptocurrencies), the global exchange Binance's forced-liquidation compensation program is said to have eased complaints about platform outages, while some have raised controversy over the 'use of BNB'. Earlier, after the largest-ever forced-liquidation incident that occurred on the 11th, Binance reportedly paid compensation to affected users in USDC and Binance Coin (BNB). The media said, "Investors generally view this measure positively, but the use of its own token, BNB, in the compensation could work to Binance's advantage," and "although the size of the compensation paid was smaller than the actual losses, public dissatisfaction with the platform has almost disappeared." It added, "From the perspective of individual investors, short-term compensation can be helpful, but if fundamental improvements to platform outages or the liquidation system are not made, there will be limits to restoring trust in the long term."
On the 15th (local time), according to CNBC, Wall Street's prominent stock bull Ed Yardeni said, "Gold is the new Bitcoin (BTC)," adding, "It is now acceptable to call gold the physical BTC." Yardeni explained, "Gold has traditionally served as a hedge against geopolitical risk and is an asset with a much longer history than BTC," and said, "Both assets have posted high returns this year, but gold surged about 60% while BTC rose only 20%." He forecasted, "Next year, gold prices could reach $5,000 per ounce, and exceed $10,000 within 10 years." Regarding the recent BTC plunge, he analyzed, "Due to a lack of liquidity, exchanges activated automatic deleveraging (ADL) for risk management, and in the process even hedged positions were forcibly liquidated," and said, "Market-making firms also reduced trading and were unable to absorb the selling pressure, which was the cause of the sharp drop."
On the 15th (local time), digital asset (cryptocurrency) media DL News reported, citing on-chain data firm Glassnode, "Despite Bitcoin (BTC) having recently plunged, options traders are betting that BTC will exceed $130,000." A similar trend was observed on derivatives exchange Deribit. Bets that BTC will trade in the $140,000~$150,000 range by the end of the year amounted to about $1.7 billion. Bitfinex analysts said, "The recent movements in the options market appear to be the result of market sentiment and speculative tendencies rather than reasonable bets based on macroeconomic indicators," adding, "With macro data releases currently limited, the market may be somewhat vulnerable, and price volatility could widen if major economic indicators are released." BTC is trading at $110,691.21 on the Binance Tether (USDT) market as of 00:46 on the 16th, down 1.42% from the previous day.
On the 15th (local time), crypto asset (cryptocurrency) specialist media Cointelegraph reported, citing multiple analysts, that Bitcoin (BTC) failed to rebound and could retest the 102,000-dollar area recorded on Binance last week. Crypto asset influencer Ted Pillows said, "BTC appears to have failed to rebound on the 4-hour chart and is showing movement to fill the lower tail at 102,000 dollars," adding, "If this area holds as support the bullish trend could continue, but if the monthly candle closes below that price level it would be a concerning situation." Meanwhile, trading firm QCP Capital said, "Despite weekend volatility, the correlation between BTC and gold has risen above 0.85," and assessed, "Inflows into spot exchange-traded funds (ETFs) are continuing, creating an environment for a rally. However, whether BTC can maintain the 'digital gold' narrative remains uncertain." BTC was trading at 110,691.21 dollars on the Binance Tether (USDT) market at 00:46 on the 16th, down 1.42% from the previous day.
The three major U.S. stock indices are showing gains. The Nasdaq Composite was trading at 22,759.04 points at 00:33 on the 16th, up 1.05% from the previous day. The Dow Jones index was up 0.55% at 46,527.13 points, and the S&P 500 index was up 0.55% at 6,696.03 points.
The three major U.S. stock indexes closed mixed. On the 15th, the Nasdaq Composite Index fell 0.76% from the previous day to 22,521.70 points. The Dow Jones Industrial Average rose 0.44% to 46,270.46 points, and the S&P 500 fell 0.15% to 6,644.61 points.
On the 14th (local time), Bloomberg ETF analyst James Seyffart said on X (formerly Twitter), "Asset manager VanEck has submitted a preliminary prospectus for a Solana (SOL) spot exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC)." This filing is an initial step toward listing a SOL-based spot ETF, and the final approval will be determined after SEC review.
Donald Trump, the U.S. President, hinted at the possibility of suspending cooking oil trade with China. President Trump said on the 14th (local time) via his social media 'Truth Social' that "China is deliberately avoiding purchases of U.S. soybeans and harming U.S. farmers," adding, "this is a clear act of economic hostility." He added, "As a response measure, we are considering suspending trade with China on some items, including cooking oil." The remark came as the Trump administration is stepping up trade pressure on China. Experts say that if this measure is actually implemented, it could have considerable repercussions for the global agricultural and commodity markets.
On the 14th (local time), according to The Wall Street Journal (WSJ), Jerome Powell, Chair of the U.S. Federal Reserve (Fed), said the Fed's Quantitative Tightening (QT) program could end within several months. Powell said, "Recent increases in short-term money market rates have led to a re-evaluation of the QT path," and "A situation in which reserve balances decline excessively should be avoided." He also warned, "If Congress abolishes the interest on excess reserves (IOER) system, the Fed could lose effective control over short-term interest rates," expressing concern that "in that case, financial market stability could be threatened."
On the 14th (local time), according to breaking economic news channel Walter Bloomberg, U.S. President Donald Trump said, "I have maintained an excellent relationship with Chinese President Xi Jinping," but added, "sometimes it can be somewhat tense."
On the 14th (local time), according to economic breaking news channel Walter Bloomberg (Walter Bloomberg), U.S. President Donald Trump said, "Hamas will be disarmed," saying, "If they do not do it themselves, we will disarm them."
On the 14th (local time), according to economic breaking news channel Walter Bloomberg (Walter Bloomberg), U.S. President Donald Trump said, "Argentina must not engage in any military cooperation with China." The president's remarks are interpreted as being issued to curb recent movements of military and security cooperation between China and Latin American countries.
Analysts suggested that Bitcoin (BTC) must strongly break through the key resistance zone around $117,500 for a new rally to unfold. On the 14th (local time), crypto asset (cryptocurrency) specialist media Cointelegraph reported, "With the market showing signs of stability, the area near $117,500 is being watched as a key resistance level to sustain the bullish trend," adding, "If this area is broken on a daily close basis, the recent correction could stop and turn into a new rally." It continued, "Although a sideways movement in the $100,000~$110,000 range seems likely for the time being, there is also a possibility of a retest of the $101,500 low," and explained, "A clear support level needs to be established above the $100,000 area." Crypto asset analyst Merlijn The Trader (Merlijn The Trader) said, "From a long-term trend perspective, Bitcoin is re-testing the upward trendline that has continued since 2022," adding, "This trendline has acted as a rebound support whenever corrections occurred within the cycle, and if it holds this time as well, the current correction will be only a short-term readjustment."
According to economic breaking news channel Walter Bloomberg on the 14th (local time), Donald Trump, the U.S. President, said he ordered an airstrike on a vessel linked to a terrorist organization that had been trafficking drugs near the coast of Venezuela. President Trump said, "A vessel linked to a designated terrorist organization was conducting drug transactions near Venezuela," and "Six men aboard the vessel were killed in the strike." He added, "There were no U.S. military casualties in this operation."
Bitcoin (BTC) temporarily recovered to 113,000 dollars. BTC is trading at 113,131.89 dollars on the Binance Tether (USDT) market at 03:08 on the 15th, down 1.48% from the previous day.
According to breaking economic news channel Walter Bloomberg on the 14th (local time), global payments platform company Stripe added stablecoins as a subscription payment method.
On the 14th (local time), according to economic news channel Walter Bloomberg, Jerome Powell, chair of the U.S. Federal Reserve (Fed), said in a speech in Philadelphia to the National Association for Business Economics (NABE), "If the pass-through of higher tariffs to prices slows, there is a risk it will appear as sustained inflation rather than a temporary rise." Powell added, "The Fed is closely monitoring the potential effects that tariff increases may have on the inflation path," and "We will carefully consider these factors when making policy decisions."
On the 14th (local time), according to economic news channel Walter Bloomberg (Walter Bloomberg), Jerome Powell, Chair of the U.S. Federal Reserve (Fed), said in a speech at the National Association for Business Economics (NABE) held in Philadelphia, "If the contraction in the labor market continues, we will maintain the current rate-cut stance." Powell said, "Although inflation has recently eased, signs of a slowdown in the labor market are strengthening," and added, "The Fed is closely monitoring economic conditions and may consider additional easing measures if necessary."
On the 14th (local time), according to crypto-focused media The Block, the U.S. Republican Party is pushing a bill to codify President Donald Trump's executive order allowing 401(k) retirement plans to invest in virtual assets (cryptocurrency). Troy Downing, a Republican representative from Montana, is set to introduce the "Retirement Investment Choice Act" containing these provisions. Earlier in August, President Trump signed an executive order allowing 401(k) retirement plans to invest in virtual assets, real estate, private equity funds, and other alternative assets(alternative assets).
According to crypto-focused media Blockworks on the 14th (local time), São Paulo-based fintech company Crown has raised $8.1 million in seed funding to launch BRLV, a Brazilian real-pegged stablecoin. The investment round was led by Framework Ventures, with Valor Capital Group, Coinbase Ventures, Paxos, and Nubank participating.
An analysis said that, technically, Ethereum (ETH) could rise to $10,000. On the 14th (local time), crypto asset (cryptocurrency) media Cointelegraph said, "Based on the weekly chart, ETH is moving within a bull flag pattern," and "if it breaks above the upper trendline at $4,440, there is room to rise to $10,000." It added, "However, the 7-week relative strength index (RSI) falling from 74 to 54 could lengthen the adjustment period somewhat." As of 00:15 on the 15th, ETH was trading at $3,959.61 on the Binance Tether (USDT) market, down 3.89% from the previous day.
The three major U.S. stock indices are showing a decline. The Nasdaq Composite Index is trading at 22,479.36 points, down 0.95% from the previous day as of 00:10 on the 15th. The Dow Jones Industrial Average is down 0.11% at 46,018.38 points, and the S&P 500 index is down 0.450% at 6,624.51 points.
On the 13th (local time), according to virtual asset (cryptocurrency) specialized media The Block, Whitehat Team Security Alliance (SEAL) has unveiled a security tool that allows reporting phishing sites that hackers have configured to prevent tracking. The tool is named the Verifiable Phishing Reporter, and it is designed to let users view a website's screen as-is while checking and reporting whether the site is a phishing site.
The three major U.S. stock indexes closed higher. The Nasdaq Composite Index recorded 22,694.61 points, up 2.21% from the previous close on the 14th. The Dow Jones Industrial Average closed at 46,067.65 points, up 1.29%, and the S&P 500 closed at 6,653.96 points, up 1.55%.
On the 13th (local time), according to crypto-focused media The Block, a Hyperliquid (HYPE) whale accused of earning US$150 million through insider trading just before the Trump-triggered virtual asset crash denied any ties to the Trump family. Garrett Jin, the former CEO of bankrupt virtual asset exchange BitForex, opened a 10x leveraged Bitcoin (BTC) short position at Hyperliquid before Trump's remark about a 100% additional tariff on Chinese imports and reportedly earned US$150 million. He drew a line on the matter, saying, "I have no connection to the Trump family, and this is not insider trading."
On the 13th (local time), Aster (ASTER) announced via X (formerly Twitter) that "the airdrop claim will start at 4:00 on the 14th (Korean time)." Earlier, the ASTER airdrop claim opened earlier than expected but was deactivated after 10 minutes. The Aster team explained, "The early opening incident of the airdrop claim occurred due to a time zone setting mistake," and said, "To ensure fairness, we decided to move the airdrop claim time earlier."
Global investment bank (IB) Citibank said it plans to introduce a virtual asset (cryptocurrency) custody service within 2026. Biswarup Chatterjee, head of Global Partnerships and Innovation for Citibank's Services business, told CNBC on the 13th (local time), "Citibank has been developing a virtual asset custody service for the past 2-3 years and is aiming to launch it within the next few quarters." He added, "The service will operate by Citibank directly holding native virtual assets."
Bitcoin (BTC) briefly recovered to the $115,000 level. BTC is trading at $115,011.72, up 1.15% from the previous day on the Binance Tether (USDT) market as of 03:54 on the 14th.
On the 13th (local time), according to the economic breaking news channel Walter Bloomberg (Walter Bloomberg), Anna Paulson, president of the Federal Reserve Bank of Philadelphia, said, "I prefer a gradual path of interest rate cuts from this year into next year." He said, "The exact level of the neutral rate is uncertain," and "Therefore, it is necessary to approach the pace of rate cuts cautiously." Furthermore, President Paulson forecasted, "Tariff increases can stimulate inflation, but they will not lead to sustained price increases." He added, "Even in a government shutdown situation, the Fed is securing sufficient economic data through various channels."