Bitcoin, Ethereum at Multi-Month Highs as Traders Keep 2026 Odds Low
BTC and ETH hit multi-month highs, but Polymarket traders assign modest odds for 2026 records.
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Original coverage across the crypto market, updated daily.
BTC and ETH hit multi-month highs, but Polymarket traders assign modest odds for 2026 records.
S&P 500 capped record August while Bitcoin and Ethereum posted double-digit gains; seasonal data now signals a rocky September.
S&P 500, Bitcoin and Ether start September after a strong August, but historical data signals a weaker month ahead.

Initial $10.36B inflow reflects existing Grayscale assets migrating, not fresh buying.

Attacker bought voting power to drain $8.5 million from Term Finance, highlighting governance risks.
Chinese mining pool founder reverses bearish stance, puts remaining funds into ETH.
DeFi lending protocol Term Labs suffers $8.5M governance exploit; PeckShield says attacker drained ETH and USDC.

Spot bitcoin ETFs took in $517 million and ether funds $189 million on Aug. 19, according to data cited by CoinDesk.
Paolo Ardoino says Tether will not launch its own chain, while Stripe and Circle invest $1B in stablecoins.

JPMorgan increased its Bitcoin ETF position by 25% and more than quadrupled its Ether ETF position in Q2.

Grayscale will sell staking rewards at least quarterly for ETHE, GSOL and GAVA, funding cash distributions.
Sygnum analyst says the 43-day wait for Ethereum staking is driven by protocol mechanics, not just investor demand.

Four analysts agree the Fed's move is hawkish but disagree on whether bitcoin's test is imminent or weeks away.

Bipartisan senators are crafting a tougher concession on crypto limits to secure votes for the bill.
Ether ETFs have drawn nearly as much capital as Bitcoin funds over the past three weeks despite lower net assets.

The White House responds to Democratic opposition to the CLARITY Act, with ethics provisions remaining a key obstacle.

Senator Cynthia Lummis said she is pleased with the updated bill and expects further talks on ethics and other provisions.
President Trump’s acceptance of an ethics clause could push a comprehensive crypto bill toward a Senate vote.

Kraken introduces USD-settled options for bitcoin and ether, citing product design as key barrier to adoption.

Missed deadlines under the GENIUS Act threaten USDT's U.S. platform access by July 2028.
Tether's USDT and Circle's USDC are the two dominant dollar-pegged stablecoins, differing in transparency and regulatory approach.
OFAC listed four Iran-linked wallets, and Tether used its kill switch to freeze $131 million in USDT within hours.
BitMine Immersion Technologies posts $46.5M revenue, but $9.1B loss from non-cash Ethereum markdown.

EthSystems, a new spinout from the Ethereum Foundation, aims to bring blockchain privacy technology to the banking sector.