BREAKING: Bitcoin just closed August in green for the first time ever during a bear market.
BTC finished the month up 25.1%, from $62,794 to $78,545.
That's the strongest August performance since November 2024, and the 3rd best August in Bitcoin's history.
At one point, BTC was up 30% from the monthly low to the monthly high.
Bitcoin has now closed both July and August in green together, and historically, September has closed red every time that's happened.
Behind the move was a massive short squeeze.
From Aug 17-21 alone, traders got liquidated for $5.8 billion, almost half of the entire month's total.
Aug 19 alone saw $2.7 billion in short liquidations, the biggest single day for short liquidations.
By the end of the month, total liquidations hit $12.65 billion.
BREAKING: Digital dollar giant @ethena launches global Neobank, built exclusively on Avalanche
Ethena Pay brings everyday banking onchain, with Avalanche powering the rails behind it. Save, send and spend USDe anywhere in the world, directly from your phone.
Ethena already has a major footprint across global finance, with USDe as the primary collateral for Robinhood’s crypto earn product, integrations with BlackRock’s Aladdin platform overseeing ~$25T in assets, and availability across 100+ venues and protocols.
More than 5 billion adults globally already use financial accounts, making banking one of the largest addressable markets in the world. Now, Avalanche is powering the new, digital generation of banking.
The next generation of banking is being built on Avalanche.
JUST IN: your AI agent can now trade stocks on Coinbase (in addition to crypto, derivatives, etc).
AiFi (agentic finance) is here.
Get started with your favorite harness/agent: https://t.co/O2Od95xdQB
Telegram Wallet is rolling out — @durov just announced that it is already available to select group of @telegram users
we're glad to see it ship after months of hard work that our team was proud to contribute to
Introducing @EthenaPay: the internet money neobank.
→Card spend cashback at 5.0%
→Best-in-class 6.0% dollar savings rate
→Borderless, free, instant global money transfers
→Free global onramps in USD, GBP, EUR and local FX
→Multi-currency high-rewards savings accounts in local FX
→Unified fiat IBAN integration with self-custodial stablecoin accounts
→Buy Now Pay Never where your savings rewards covers daily expenses
Not coming soon™️. Live now to download on iOS.
Telegram begins rolling out its non-custodial Gram Wallet to first users
@telegram CEO Pavel Durov said on Monday that Gram Wallet has started reaching a select group of users, with a gradual rollout to the app's billion-plus user base over the coming weeks. The launch lands on the last day of the summer deadline Durov set when he announced the wallet in July.
Validators have approved the smart contract behind the wallet, per @durov, meaning future upgrades won't require users to migrate. The non-custodial wallet is built around the-open-network:native, the @ton_blockchain token that was renamed from Toncoin in June.
🚨BREAKING: A federal judge dismissed all claims against @Solana Labs, the Solana Foundation, and named executives in the @Pumpfun class action. The court also ruled the $FRED and $GRIFFAIN memecoins held by plaintiffs were not securities.
INSIGHT: @Helium's $HNT and @solanamobile's $SKR led all of crypto over seven days, up roughly 295% and 246%
Neither is a memecoin and both run on Solana.
JUST IN: Ethena’s $USDe is now the largest external stablecoin on Robinhood Chain
Supply is above $300 million and makes up more than 42% of stables on the network