- Bitcoin holds near $78,691, up 1.7% weekly as Strategy resumes BTC buying.
- Strategy adds 4,603 BTC last week, pushing holdings to 845,050 BTC total.
- Hyperliquid in talks with Kraken’s parent to enter the US market via Bitnomial.
Bitcoin traded near $78,691, up 1.0% over the past 24 hours and down 1.7% for the week. Ethereum climbed 2.1% on the day to $2,473, though down slightly for the week. XRP gained 2.3% to $1.39, down 8.9% weekly, while Solana rose 1.8% to $103.64. HYPE surged 5.0% to $84.28. Total crypto market capitalization stood at $2.73 trillion, up 2.1% over the past day.
Trending Searches Led by Ramses’ Explosive Surge
Ramses dominated trending searches and top gainers with a 508.2% surge, followed by Pons, up 34.0%, and Arbitrum, up 33.1%. Goose Token added 285.6%, reflecting intense speculative rotation into smaller tokens even as majors posted solid gains.
Strategy Resumes Buying, Saylor Signals More Ahead
Strategy purchased 4,603 BTC between August 24-30 at a cost of $369.7 million, averaging $80,318 per coin, bringing total holdings to 845,050 BTC with a total cost basis of $63.73 billion. The company also repurchased 1.577 million STRC shares for $151.8 million and added roughly $29 million in cash.
Separately, Strategy sent a formal letter opposing MSCI’s proposal to exclude “non-operating companies” from global indexes, calling it discriminatory and noting the firm employs 1,500 people worldwide and reports Bitcoin as an operating segment.
Hyperliquid Advances US Market Entry
Hyperliquid Labs is in advanced talks with Payward, Kraken’s parent company, to offer perpetual contract trading to US users through Payward’s exchange Bitnomial, according to people familiar with the matter. The move follows Trump’s earlier comments that his administration is working to bring Hyperliquid into the US market.
An address that accumulated 488,600 HYPE through FalconX five months ago at roughly $35 staked the position after the US market news broke, now sitting on $23.73 million in unrealized gains.
Injective Hit by Oracle Exploit
Injective was suspended for approximately four hours after an attacker exploited a deactivated but still-registered oracle, creating 299 markets pointing to it and triggering a flawed “no-price refund” mechanism to extract roughly 2x payouts, netting about $4.9 million in ETH.
A disclosure from an on-chain researcher showed Injective’s official account continued posting marketing content without acknowledging the pause, and that the chain’s core code being private meant the vulnerability was found through its public SDK rather than by security researchers or auditors.
BitMine Extends ETH Buying Streak to 65 Weeks
BitMine added 53,501 ETH last week, marking its 65th consecutive week of purchases, bringing total holdings to 5,901,112 ETH, about 4.9% of total supply. The company’s combined crypto, cash, and investment assets now total roughly $15.6 billion, with staked ETH generating an estimated $335 million in annualized income.
Anthropic Signs Major Cloud Deal
Anthropic reached a $35 billion cloud computing agreement with Nvidia-backed Lambda, with the underlying data center being built by Bitcoin miner Hut 8 in Texas under a separate Nvidia lease arrangement. The SEC has intensified scrutiny of special purpose vehicles marketing exposure to private AI companies, including Anthropic and SpaceX, requiring registered advisers to prove they actually hold the shares they claim.
Related: Strategy Resumes Bitcoin Buying With $370 Million Purchase After Pause
Robinhood Chain Activity Shifts to Meme Coins
Robinhood Chain set a record single-day DEX trading volume of $989 million, with total value locked surpassing $700 million, up nearly 100% month-over-month. Despite launching in July as a platform for tokenized stocks, activity has shifted decisively toward meme coin issuance, with launchpad platform Pons seeing its market cap grow from $20 million to over $200 million.
Macro and Regulatory Developments
The Bank of England’s Andrew Bailey warned G20 officials that frontier AI models could pose systemic risks to global financial stability through more sophisticated cyberattacks and concentrated dependence on third-party tech providers.
Bitfinex said Bitcoin’s August rally was driven primarily by spot buying rather than leverage, with US spot Bitcoin ETFs posting nearly $1 billion in net inflows last week despite a pullback following Fed Chair Warsh’s hawkish Jackson Hole remarks.
Related: Hyperliquid Eyes US Comeback With Regulated Perpetual Futures Deal
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