- Bitcoin holds near $78,993 as Bitcoin ETFs post a record $2.72B August inflow.
- Galaxy confirms 1,789 BTC stolen in Coldcard hack; 87% remains unmoved.
- Anthropic pitches a $30 trillion addressable market ahead of its planned IPO.
Bitcoin traded near $78,959, down 0.9% over the past 24 hours but still up 22.9% for the week. Ethereum eased 1.2% on the day to $2,461, holding a 28.9% weekly gain. XRP slipped 4.3% to $1.44, though still up an extraordinary 44.7% for the week, while Solana dipped 3.2% to $96.94, up 26.7% weekly.
BNB fell 1.8% to $694.95, up 15.7% for the week. Total crypto market capitalization stood at $2.74 trillion, down 2.1% over the past day despite the strong weekly gains, with 24-hour trading volume reaching $100.36 billion.
Trending Searches Show Sharp Small-Cap Gains
Dog (Bitcoin) surged 216.4% to lead trending searches, followed by Pons, up 22.9%, and Bitcoin itself, down 0.9%. Among top gainers, Measurable Data jumped 168.6%, Quantix Finance added 109.7%, and Nesa rose 87.0%, showing speculative appetite remained strong even as majors pulled back from recent highs.
Bitcoin ETFs Post Record August Inflows
Bitcoin ETF net inflows hit $2.72 billion for August, a new single-month high for 2026, according to CryptoRank.io data. BlackRock alone saw $1.33 billion in net client purchases last week, its largest weekly haul since Bitcoin’s October 2025 all-time high, marking seven consecutive days of accumulation.
Since a July 1 low, BlackRock has net bought $2.17 billion in Bitcoin, with more than half of that concentrated in just the past week. Bloomberg’s Eric Balchunas noted that gold’s GLD and Bitcoin’s IBIT have both re-entered the top 10 ETFs by trading volume, pushing out semiconductor funds that dominated rankings all summer, a signal he called part of a broader “debasement trade” replacing the AI trade.
Anthropic’s IPO Ambitions Grow
Anthropic is reportedly preparing to tell investors its total addressable market exceeds $30 trillion, surpassing the $28.5 trillion figure SpaceX used in its own IPO pitch. The company’s Q2 revenue has already topped $11.6 billion, more than doubling from the prior period, and its planned IPO could raise up to $100 billion at a target valuation near $2 trillion, above SpaceX’s $1.77 trillion debut valuation.
Coldcard Hack Losses Confirmed, Most Funds Still Unmoved
Galaxy Research updated its tracking of the Coldcard hardware wallet attack, confirming 1,789.28 BTC (worth roughly $114.7 million at the time) was stolen from 8,865 addresses. Research head Alex Thorn said 87.3% of stolen funds, about 1,561 BTC, remains untouched in attacker-controlled wallets, with all coins from the first three attack waves still unmoved. Based on 221 victim reports, the median individual loss was 1.04 BTC, with more than half of reports exceeding 1 BTC in losses.
Geopolitical Tensions Ease
Sources said that the US and Iran have reached consensus on ceasefire terms, including a freedom-of-navigation clause for the Strait of Hormuz, with an announcement expected within days. Separately, Iran and Oman issued a joint statement outlining a phased framework for a temporary joint maritime passage and a mine-clearing project in the strait.
The US State Department is reportedly preparing to return diplomats to several Middle East embassies as early as this week, a signal officials say reflects easing tensions, even as talks to extend the broader 60-day ceasefire have stalled.
Institutional Accumulation Continues Amid the Pullback
BitMine added multiple new ETH positions through suspected accumulation addresses, including a 20,000 ETH purchase worth $48.89 million and a separate 10,000 ETH addition worth $24.72 million, bringing its total holdings to 5,847,611 ETH, though the position now carries an estimated $5.27 billion unrealized loss at current cost basis.
Related: Kraken Restricts Accounts After 12,000 Transfers From HTX-Linked Wallet
Regulatory and Institutional Developments
Grayscale launched the first spot Zcash ETF (ticker ZCSH) on NYSE Arca, converted from its existing Zcash Trust, with a 2.5% fee. Kalshi disclosed raising approximately $1.12 billion of a planned $1.5 billion equity round.
The US Treasury launched a Quantum-Ready Working Group focused on migrating financial infrastructure to quantum-resistant cryptography, while 39 US state banking associations formed the “BankChain Alliance” to build an industry-owned blockchain network targeting a 2027 launch.
Security Incidents Continue
Kraken confirmed it was hit by nearly 12,000 “dust attacks” from a wallet linked to sanctioned exchange HTX between August 17 and 24, temporarily restricting some customer accounts before restoring access.
Security firm Socket identified 40 malicious Firefox browser extensions impersonating wallets like OKX and Rabby to steal seed phrases and private keys. Kylie Jenner’s X account was also suspected of being compromised to promote a meme coin that briefly reached a $1.19 million market cap before crashing 68%.
Related: Crypto Sentiment Hits Extreme Greed as Bitcoin Rally Revives Investor Confidence
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