Analyst: Dollar Plunge Fuels Bitcoin Bull Run, but Other Indicators Raise Concerns

According to an official announcement, Binance will distribute dividends for Applied Materials (AMAT) and Microsoft (MSFT) to users holding AMATB or MSFTB balances via its bStocks platform. After deducting applicable withholding taxes, fees, costs, and other charges, the net cash dividend will be reinvested into additional units or fractional shares of the same underlying securities. Eligible users will receive these dividends in the form of AMATB or MSFTB bStocks stock tokens. Users holding AMATB or MSFTB on-chain will receive bStocks dividends via a multiplier adjustment. Only users holding AMATB or MSFTB at the snapshot time of 08:00 (UTC+8) on August 20, 2026, will qualify for the stock dividends.

According to market data, Changxin Technology rose more than 10% in the afternoon session, hitting a new high in its share price since listing, with a market capitalization of 4.07 trillion yuan and trading volume exceeding 23 billion yuan.

After $牛来 was listed on @Aster_DEX Perps, its price surged by over 150%. The 24-hour trading volume has reached $4.47M.

Glassnode noted in a recent post that as U.S. consumer confidence has plunged to an all-time low, U.S. stock markets have continued to hit new all-time highs, creating a stark contrast between market sentiment and asset performance. Weak consumer confidence is driving capital to accelerate shifting from cash assets to stocks, artificial intelligence (AI)-related assets, and commodities, as investors seek higher returns by allocating to risk assets. Notably, Bitcoin has been noticeably overlooked in this round of capital rotation. While stocks, AI, and commodities continue to attract inflows, Bitcoin has not benefited in tandem, indicating that current market capital allocation remains concentrated primarily on traditional risk assets and AI themes, with BTC’s participation in this round of asset rotation being relatively limited.

TD Cowen announced it is raising its target price for Berkshire Hathaway from $481 to $529.

Hyperliquid’s AQAv2 stablecoin model protocol has previously secured support from 19 out of 26 validators, with the mechanism’s revenue accrual set to officially launch on August 26. Meanwhile, Circle has transferred roughly $4.4 billion in USDC to Coinbase on HyperEVM via the AQAv2 mechanism, marking the largest single USDC transfer on HyperEVM to date. If all proceeds as planned, revenue generated by AQAv2 will start accruing on August 26, with the first payment expected to enter the Assistance Fund on October 3. AQAv2 (Aligned Quote Asset v2) is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins not exclusively issued by Hyperliquid—including USDC—to obtain "Aligned" qualification. According to public information, AQAv2 returns most of the stablecoin revenue to the Hyperliquid ecosystem: 90% of the revenue is allocated to the relevant mechanism, and 100% of that sum is then used to repurchase and burn HYPE tokens. Coinbase is designated as the fund deployer, while Circle handles technical deployment; both parties will also stake HYPE to participate in the mechanism. Previously, the mechanism required stablecoins to be exclusive assets of Hyperliquid, but AQAv2 removes this restriction, focusing instead on HIP-4 standardized markets and perpetual contract markets operated by validators. Per public disclosures, AQAv2 is projected to generate up to approximately $200 million in revenue, further boosting token value capture through the HYPE repurchase and burn mechanism.