Avalanche Treasury (ticker: AVAT) posted a net loss of $44.7 million in the second quarter, and approved a $10 million stock repurchase plan.

MiniMax disclosed at its mid-2026 performance meeting that its token consumption in July reached 20 times the level of January, Q2 revenue rose 81.8% quarter-on-quarter compared to Q1, and its August annual recurring revenue (ARR) further increased to over $800 million.

U.S. July core PCE price index rose 3.3% year-over-year, matching the 3.30% consensus estimate and the prior reading of 3.30%. The July core PCE price index posted a 0.2% month-over-month increase, in line with the 0.20% forecast, up from the prior 0.10%.

The U.S. revised annualized quarterly real GDP for the second quarter came in at 1.5%, matching the initial estimate and meeting market expectations.

U.S. July PCE Price Index year-over-year rate came in at 3.7%, unchanged from the prior month, while market expectations had been a slight dip to 3.6%. The U.S. July core PCE Price Index year-over-year rate stood at 3.3%, matching both the market forecast and the prior reading of 3.30%.

Well-known trader Killa stated that based on higher time frame structures, he is roughly 80% confident Bitcoin has formed a bottom. However, strictly following technical confirmation standards, the current trend has not yet fully shifted, as BTC has failed to reclaim and hold above the $83,000 high on the weekly timeframe. $83,000 is the key level to confirm a substantial trend reversal. If Bitcoin breaks above this range and secures market acceptance, traders should avoid blindly shorting subsequent rallies, as bears could face significant short squeezes that push prices toward $95,000. In the short term, he anticipates the market will remain range-bound.

Bitcoin’s next move may hinge on three key events this week: the U.S. July PCE inflation data, NVIDIA’s second-quarter financial results, and remarks from Federal Reserve Chair Warsh at the Jackson Hole Symposium. After surging from around $63,000 to above $80,000, Bitcoin has now pulled back to below $79,000, with its 14-day Relative Strength Index (RSI) exceeding 70, indicating a short-term overbought condition. Markets expect the U.S. July core PCE to rise 3.2% year-over-year and 0.18% month-over-month, compared to 3.3% YoY and 0.13% MoM in June. A hotter-than-expected reading could reignite fears of Federal Reserve rate hikes, putting pressure on Bitcoin and the broader crypto market. CME FedWatch data shows the bond market currently assigns a nearly 38% probability to a 25-basis-point Fed rate hike in September. NVIDIA will release its second-quarter earnings after the market close on Wednesday. A strong beat on results could ease market concerns over AI capital expenditures relying on debt financing, and support risk assets. Since the start of 2025, the 90-day rolling correlation coefficient between Bitcoin and NVIDIA’s stock price has remained above 0.5 for most of the period. Traders will also be watching Warsh’s remarks on Friday. The U.S. Treasury’s recent plan to increase long-term Treasury repurchases to curb yield rises has been viewed by markets as a catalyst driving Bitcoin’s recent rally. Markets will monitor whether Warsh adjusts his previous stance favoring market-based pricing, and whether he expresses support for the Treasury’s related actions.