Over the past four hours, global crypto market liquidations reached $446 million, of which short positions accounted for $425 million.

MANTRA Chain officials have announced that the network is currently experiencing an incident impacting its on-chain operations. The team has suspended the blockchain as a preventive measure and is conducting an investigation. All interfaces and transactions have been frozen, and users’ deposit and withdrawal functions on MANTRA Chain are temporarily affected. The root cause of the incident has not yet been confirmed, nor has a recovery timeline been released. Subsequent updates will be issued via official channels once verified information is obtained.

Whale codenamed "Set 10 Big Goals" has reopened short positions on Ethereum (ETH), currently shorting 1,211.812 ETH at an entry price of $2,346.83. It also added to its short positions on Bitcoin (BTC), bringing the total to 202.265 BTC at an entry price of $74,506.57. Previous reports showed the whale pocketed $20 million from long positions on August 19, while $6.28 million in profits were wiped out by its recent short trades, leaving a net profit of $13.72 million from the round of long-short transactions.

According to monitoring by TradingBeats (formerly Hyperinsight), the fourth-largest ETH long address on Hyperliquid – with the top three all linked to Matrixport – has seen its unrealized profit expand to $7.3 million, at an entry price of $2,027. Data shows the address first deposited funds into Hyperliquid on August 7, began building positions on the evening of August 19 when ETH rose to $2,057, generated roughly $8 million in profit within two days, and completed its first position reduction on the morning of August 20, locking in $864,565 in gains.

Bitget’s Launchpool project Aligned (ALIGN) is now open for staking, with a total reward pool of 9,666,666 ALIGN. The staking period closes at 11:00 UTC+8 on August 27. This round of Launchpool offers two staking pools: - BGB Staking Pool: Total airdrop allocation: 8,333,333 ALIGN; VIP user staking cap: 50,000 BGB; Regular user staking cap: 5,000 BGB - ALIGN Staking Pool: Total airdrop allocation: 1,333,333 ALIGN; Individual staking cap: 33,333,333 ALIGN

Goldman Sachs MarketStrats believes that the U.S. Treasury’s expansion of long-term U.S. Treasury repurchases does have the ability to temporarily ease pressure on long-end interest rates. Citing the 1961 Operation Twist and the 2011 Maturity Extension Program, this policy tool has historically driven long-end rate declines of roughly 10 to 20 basis points (bp); Goldman Sachs judges that this round of operations—via repurchases, adjusted maturity issuance, and balance sheet management—could also deliver a temporary 20 to 40 bp drop in long-end yields. However, Goldman Sachs remains cautious about the long-term impact. The drivers behind the current rise in long-end rates are no longer just technical supply-demand mismatches, but also persistent fiscal deficits, inflation uncertainty, and an upward shift in the equilibrium real interest rate. The report also emphasizes that AI-related capital expenditures, data center construction, power infrastructure development, and reindustrialization are continuously boosting overall societal capital demand. Treasury repurchases can ease the duration supply the market needs to absorb in the short term, but they cannot reverse the broader trend of more expensive capital and a higher long-term interest rate equilibrium.

Well-known crypto trader Killa published a post stating that he believes Bitcoin has formed its bottom. Following the current rally, BTC may enter a new consolidation range, which could serve as an accumulation phase ahead of the next market expansion. He warned that the market is currently in a "manipulation phase", though some investors remain unconvinced by this assessment.