MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

According to market data from BIT (bit.com), most US-listed crypto-related stocks are rising in pre-market trading. Specifically: Strategy (MSTR) gained 1.8%; Coinbase (COIN) rose 1.96%; Circle (CRCL) climbed 1.27%; BitMine Immersion (BMNR) advanced 2.11%; while SharpLink Gaming (SBET) fell 1.1%.

Beating AI Express, August 25: Before Tim Cook officially stepped down last weekend, Apple hosted a farewell gathering for him at Apple Park, attended by roughly 200 people. The guests were almost entirely Apple employees, with OneRepublic performing in the campus atrium. On September 1, John Ternus will formally take over as CEO, while Cook transitions to Executive Chairman. Speakers at the event included Laurene Powell Jobs, widow of Steve Jobs, former COO Jeff Williams, Services head Eddy Cue, and Ternus. The event was held one day ahead of Cook’s 15th anniversary as Apple CEO. Photos also captured him posing with OneRepublic while holding a guitar. Notably, Cook specifically referenced his partner during his speech, calling him by his name “Mike”. Since Cook publicly came out in 2014, he has rarely discussed his personal life in public or semi-public settings.

According to an official announcement, Huobi HTX has today launched JP225/USDT and ADI/USDT perpetual contracts, supporting long and short positions with leverage ranging from 1x to 20x. Meanwhile, from now until 15:00 UTC+8 on September 1, Huobi HTX is hosting a new crypto contract trading competition. Users who complete registration, trade the eligible contract pairs, and meet the specified thresholds will have a chance to split the total prize pool of 1 billion HTX tokens.

CryptoQuant analyst Darkfost noted that Bitcoin’s total demand has been rising steadily over the past 30 days, currently standing at around 170,000 BTC, with spot and futures demand growing in tandem. Although short-term overbought signals have become quite prominent, investors should avoid attempting precise market timing at this juncture. The market appears to have entered a demand-driven rally wave while continuously digesting profit-taking pressure. Historical patterns show that periods of synchronized growth in spot and futures demand often mark Bitcoin’s strongest upward momentum phases. The analyst emphasized that as long as this demand persists and continues to absorb short-term profit-taking, upward momentum could still hold even if the market enters overbought territory. This means the core variable to monitor now is not whether prices are too high, but whether demand is still effectively absorbing selling pressure. Only when demand shows signs of exhaustion and profit-taking begins to outweigh buying support will the rally likely come to an end. Until then, any contrarian trades based on overbought signals may run counter to strong demand-driven momentum.

According to HTX market data, Bitcoin has dropped below $80,000, with its 24-hour gain narrowing to 3.38%.

U.S. long-term Treasury yields remain elevated, and the U.S. Treasury’s expansion of long-term U.S. bond repurchases has had limited effect. Repurchases mainly improve market liquidity but cannot alter the core pricing of long-term interest rates; what truly determines yields are fiscal deficits, inflation, Treasury supply, and global capital allocation. Against the backdrop of sustained U.S. financing needs and AI-related capital expenditures driving long-term funding demand, the term premium demanded by the market is likely to stay high. U.S. debt pressures are also interconnected with global bond markets and energy risks. Japanese long-term bond yields are at high levels; a further rise could increase incentives for Japanese capital to flow back home, exerting additional selling pressure on U.S. Treasuries. Meanwhile, risks such as those in the Strait of Hormuz, Russian refineries, and Red Sea shipping could push up costs for refined products, insurance, and transportation, increasing global inflation uncertainty. If the U.S. expands secondary sanctions on Iran, it could further drive up energy and trade costs. As such, the Jackson Hole Symposium will serve as a key observation window. Markets should focus more on how Wash views inflation, long-term interest rates, and balance sheet policies, rather than simply waiting for rate cut signals. For the crypto market, U.S. long-term Treasury yields are a key benchmark for dollar funding costs; if yields remain elevated due to fiscal factors, inflation, and global capital competition, they will continue to compress the valuation space of high-volatility assets. In other words, before there is substantial improvement in deficits, inflation, and financing needs, U.S. Treasury repurchases are more a tool to alleviate pressure than a fundamental solution to reverse the long-term interest rate trend.