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A prominent trader notes that the Clarity Act will play the same role crypto ETFs served in the last cycle, and Bitcoin could bottom out and rally ahead of the bill’s passage.

1 hours ago

Prominent trader Killa posted that during the last bull run, Bitcoin began recovering from lows ahead of ETF rumors and formal approval, emphasizing markets typically price in positive news in advance. This cycle could follow a similar pattern: the current "Clarity Act" (Regulatory Clarity Act) is shaping a new narrative. "If it indeed acts as a catalyst, it will likely mark the start of BTC’s first meaningful rally phase since the recovery from the prior bear market, and its approval will soon push Bitcoin to a new all-time high (ATH)—just like the ETF approval did," Killa noted. A BTC-focused quantitative trader, Killa correctly predicted the peak of this bull run in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then switched to a long position during the broad market sell-off on June 5.

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Coinbase will suspend perpetual contract trading for 10 tokens, including MEME, SAND, and BIRB.

Coinbase will suspend trading in the following perpetual contracts around 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). All remaining open positions will be automatically settled at that time, with the final settlement price calculated as the average index price over the 60 minutes prior to the trading suspension. The funding rate for the last cycle will be set to zero.

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Goldman Sachs plans to acquire Neos for up to $2.25 billion, thereby gaining a Bitcoin options income ETF with an approximate size of $1 billion.

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Pakistani mediators are seeking to extend the ceasefire between the United States and Iran.

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Hyperliquid Plans to Add Token Denomination Adjustment Feature for HIP-1

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Coinbase will suspend perpetual contract trading for 10 tokens including MEME, SAND, BIRB.

Coinbase will suspend perpetual contract trading for the following assets around 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). Remaining open positions will be automatically settled, with the final settlement price based on the average index price of the 60 minutes prior to the trading suspension. The funding rate for the last cycle will be set to zero.

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Stocks shorted by "Big Short" Michael Burry all rallied, with NBIS surging more than 20%.

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