Gold has staged a remarkable comeback, surging almost 14% in August alone and reclaiming levels not seen since May, a stark reversal from late July, when prices had dipped below $4,000. The rally has been driven by a genuinely unusual combination of forces: the US Treasury’s surprise decision to double its long-dated bond buyback programme reignited fears over fiscal credibility and dollar debasement, while persistent Middle East tensions and steady Chinese buying have kept safe-haven demand firmly in place.

All eyes now turn to Fed Chair Kevin Warsh’s Jackson Hole speech, the week’s pivotal event. A hawkish tone or a fresh rise in real yields could trigger meaningful profit-taking after such a sharp run-up, while continued dollar weakness would likely keep gold’s momentum intact. Adding to the tension, this week’s data slate, including preliminary Q2 GDP, jobless claims, and Michigan’s inflation expectations, gives markets plenty of reasons to stay on edge.

With gold already up nearly 96% over the past year and testing territory unseen in months, the metal finds itself balancing two powerful forces: genuine structural demand against a market that may finally be due for a pause.

Technical Analysis of XAU/USD

As the XAU/USD chart shows, gold has been trading within a well-respected ascending trendline since the 4,022 low in late July, having earlier broken decisively above the descending trendline that capped the May–July decline. Price recently touched a fresh high near 4,698, the 0 Fibonacci level, before pulling back and now testing the confluence of the ascending trendline and the 50-period EMA near 4,561.

Bullish Scenario

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Should buyers defend this trendline-EMA confluence, the broader uptrend structure remains firmly intact. A renewed push higher would target a retest of the 4,698 high, with a confirmed break above that level opening the door toward the 4,760–4,800 resistance zone and fresh record territory beyond.

Bearish Scenario

Conversely, a decisive break below the ascending trendline and the 50-period EMA would signal that a deeper correction is underway, exposing the 0.382 Fibonacci retracement near 4,440 as the first real test, with a further slide risking a retest of the 0.5 level around 4,360.

With price sitting right at the intersection of a multi-week trendline and the 50-period EMA, gold’s next move looks set to determine whether this powerful August rally has more room to run or whether it’s due for a deeper pause.

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The $6.4 billion expiry cleared after bitcoin’s run from roughly $62,000 to $80,000, leaving traders to rebuild positions around a very different price range.

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Hyperliquid Strategies’ stock climbed 10.99% to $12.83 on Thursday after the treasury company reported $305.5 million in net income for the fiscal year ended June 30. PURR added another 3.43% to $13.27 in after-hours trading.

The Nasdaq-listed firm finished the period with 29.3 million HYPE tokens and $149.9 million in cash. It carries no debt.

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HYPE Rally Drives the Profit

Most of the earnings came from token price movement. Unrealized gains on the HYPE token reached $709.9 million, according to the company’s results.

A one-time loss of $169.2 million on tokens contributed at the business combination offset part of that figure. Deferred tax expense absorbed another $183.5 million.

Operating income stayed small by comparison. Staking revenue and validator commissions totaled $9.5 million, while interest income added $2.7 million.

Total assets reached $2.06 billion, including $1.9 billion in HYPE valued at $65.04 per token. CEO David Schamis framed the year as a build phase.

“We more than doubled our HYPE treasury, jointly launched a validator that has quickly become one of the largest on the network and completed the exit from our legacy biotech operations,” Schamis said.

Meanwhile, Hyperliquid Strategies raised $646.6 million through a committed equity facility at an average of $8.70 per share. It also deployed $773.4 million to buy roughly 16.5 million HYPE at an average of $46.77.

The company spent $27.8 million repurchasing about 5.8 million PURR shares at an average price of $4.80. Cash stood at $132.6 million as of August 19.

HYPE Treasuries Split From the Sector

HYPE appreciated about 77% during the quarter ended June 30. Total digital asset market capitalization fell roughly 13% over the same stretch.

That divergence separated HYPE-focused vehicles from the rest of the treasury sector, which saw losses. Hyperion DeFi reported record quarterly net income of $31 million this month, driven by similar treasury gains.

Companies tied to other tokens reported the opposite. Bitcoin’s (BTC) largest corporate holder, Strategy, booked an $8.62 billion net quarterly loss.

Bit Digital posted a $107.2 million loss, with roughly $86 million tied to writedowns and non-operating items. Token performance, rather than treasury design, drove most of the gap this quarter.

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The post PURR Stock Jumps 11% After Hyperliquid Treasury Firm Reports Annual Results appeared first on BeInCrypto.

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Incoming Apple CEO John Ternus met The Pokémon Company team and Pikachu at Apple Park on Thursday. Tim Cook shared the visit on X ahead of the September 1 handover.

Cook gives up day-to-day control next week. The meeting, therefore, introduced Apple’s next chief to one of the biggest franchises in gaming.

Apple CEO John Ternus Talks Gaming Before the Handover

Cook kept the tone light. He set out a three-item agenda for the day, namely introducing Ternus to the Pokémon team, discussing gaming, and keeping Pikachu away from the Apple Park pond. Two of the three worked, he joked.

The video he posted follows Pikachu across the campus. The mascot dances under the rainbow arch and helps itself to fruit in the orchard. The pond, judging by Cook’s punchline, won in the end.

Ternus arrives with a low public profile after two decades inside Apple’s hardware engineering group. Apple named him chief executive in April. Cook has led the company since 2011 and keeps his board seat as executive chairman.

Tsunekazu Ishihara, president and chief executive of The Pokémon Company, joined the visit. Pokémon has shipped mobile titles on iOS for a decade. Apple, meanwhile, keeps treating games as a services growth engine.

Apple shares closed at $314.58 on Thursday, up 0.36% on the day. The stock has added 37.6% over the past year. It has slipped 7.5% in the past month, however, after the Q3 earnings reaction in late July.

Ternus also takes the job eight days before Apple’s September 9 iPhone keynote. Apple has billed the event with the line “Surprise and shine,” and the iPhone 18 Pro, plus a first foldable iPhone lead expectations.

Nintendo Stock Climbs as Pokémon Worlds Opens in San Francisco

Nintendo gained 3.5% to ¥9,032 in Tokyo on Friday, or about $57 at current rates. The stock still trades roughly 38% under its ¥14,630 record from last year, worth close to $92.

Nintendo co-owns The Pokémon Company with Game Freak and Creatures. Pokémon revenue therefore reaches Nintendo indirectly, on top of Switch software sales.

Nintendo’s fiscal 2026 revenue nearly doubled to ¥2.31 trillion, around $14.5 billion, as Switch 2 shipped. Management has since reaffirmed guidance of 16.5 million Switch 2 units for the current year.

The timing helps. The Pokémon World Championships open at San Francisco’s Moscone Center on Friday and run through Sunday. Gaming has moved markets repeatedly this month. Take-Two lost billions in value after a GTA 6 leak, then answered with a Netflix reveal.

For crypto readers, the Apple CEO handover matters less for games than for App Store policy. Ternus inherits the rules that decide how wallets and payment apps reach iPhone users, an overlooked crypto angle of the transition.

Apple CEO John Ternus starts on September 1. Cook stays on as executive chairman, however, so his influence does not disappear overnight. The September keynote should show how much of Apple’s gaming talk turns into product.

The post Days Before Apple Changes CEOs, Pikachu Showed Up at Apple Park appeared first on BeInCrypto.

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Solana (SOL) drew $60.91 million into US spot crypto ETFs on August 27, nearly seven times the previous session and the third-largest day since these funds launched. It was the strongest reading since November 3, 2025.

History gives that milestone an awkward edge. The only two days that ever beat it both arrived just before Solana fell hard.

The Record, and What It Is Not

Cumulative net inflows grew 4.83% in one session (between August 26 and August 27).It is the fastest one-day increase of 2026, lifting the running total to $1.322 billion, per SoSoValue data. Traded value more than doubled to $196.82 million.

Precision matters, though. August 27 was neither the largest inflow day nor the largest percentage jump, and Bitwise’s BSOL supplied about 66% of the total. Five of nine funds saw money arrive, so the day was broad but concentrated.

Access keeps widening around those flows. Morgan Stanley listed its MSOL trust in July, Grayscale added staking distributions in August, and Charles Schwab said on August 27 it would add SOL to its crypto accounts, though that plan is not live yet.

The Two Bigger Days Both Marked Tops

Here is the part worth pausing on. SOL took in $69.45 million on October 28, 2025, then fell 20.1% within seven days and 27.5% within a month. It took in $70.05 million on November 3, 2025, then dropped 21.1% over the next fortnight.

Two cases prove nothing, and the entire market slid through late 2025. Still, record ETF demand has so far arrived near local highs rather than launching new legs.

Why This Time Has More Under It

Unlike those episodes, Solana’s fundamentals are moving with price. Tokenized real-world assets hit an all-time high of $4.167 billion on August 25, with holders up 12.12% in 30 days, per RWA.xyz.

The network earns more too. Fees rose 37.29% against the prior month and DeFi deposits climbed 24.36% to $5.96 billion, per DeFiLlama. Solana’s share of all decentralized exchange volume hit 31.16%, above its 27.65% average.

Capacity expanded ahead of the demand. The maximum block size rose 66% in July and MoneyGram cash rails now reach over 170 countries.

Bigger blocks mean more transactions fit without fees climbing, and MoneyGram lets people convert cash to crypto over a counter, so Solana is expanding both its capacity and its on-ramps.

What the Solana Price Rally Has Not Proved

Two rails still lag. Stablecoin supply rose just 0.59% in 30 days while SOL gained 46.3%, and it sits 4.15% below July’s peak.

Weekly active addresses fell 7.23% even as transactions rose 3.31%, so fewer wallets are doing more, which can mean bots rather than adoption.

Leverage looks deceptive as well. Open interest jumped 62.19% in dollars but only 10.34% in SOL units, meaning most of that build is the token’s own price.

Binance’s taker buy-sell ratio sat at 0.907, below neutral.

Put simply, the crowd has added fewer bets. Also, a ratio under 1 means more traders are hitting sell orders than buy orders. This means that the rally is running without fresh conviction behind it.

Solana Price Levels Into September

SOL trades near $107 after climbing 49.35% since August 16, down 1.66% today. Four moving average crossovers drove that run, ending with the 20-day line clearing the 200-day around August 28.

No fresh crossover is queued. The pullback resembles a bullish pole and flag, where a steep rally pauses before another push. SOL failed at $109.39, and a daily close above it opens $112.80, then $123.83 and $141.68.

Selling volume stays lighter than the August 25 profit-taking, which favours bulls. Below, $105.98 and $101.77 catch a slide, while losing $94.95 breaks the bullish thesis.

Analyst’s View: The difference between now and those 2025 record days is what sits underneath. Back then the flows arrived with nothing but price behind them, while today fees, tokenized assets and DEX share are all rising with SOL. That is the case for treating this record differently.

The post Solana ETF Inflows Hit Third-Largest Day Since Launch, Yet History Points to a 20% Risk appeared first on BeInCrypto.

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Circle (CRCL) and Coinbase (COIN) shares both fell more than 3% after reports that JPMorgan Chase and a consortium of major banks were moving toward issuing their own stablecoins following the advancement of the CLARITY Act. The news focused attention on the potential for traditional lenders to compete with crypto-native issuers such as Circle and Tether.

The selloff followed a Wall Street Journal report that U.S. banks are warming to stablecoins as nonbank issuers expand and executives worry the tokens could encroach on traditional banking. JPMorgan Chase has explored a potential stablecoin, though the discussions remain preliminary and no product is under development.

Separately, a consortium of more than a dozen banks, including Bank of America, Wells Fargo, and Santander, is advancing plans for a commercial-focused stablecoin. The consortium has discussed a stablecoin covering the U.S. dollar, the euro, and other Group of Seven currencies.

CRCL retail sentiment on Stocktwits slipped from the extremely bullish zone to the bullish zone as chatter stayed at high levels over the past day. COIN sentiment remained in the extremely bullish zone, while chatter also stayed at high levels.

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BankChain Alliance Plans a Bank-Owned Network

The BankChain Alliance announced an industry-owned and industry-governed blockchain network intended to enable banks of all sizes to build modern payment rails. According to the Wall Street Journal, the organizations involved, modeled on the Federal Home Loan Bank system, represent about 3,283 institutions and $21.8 trillion in assets. The platform is anticipated to emerge in the first half of 2027.

Planned use cases include treasury management, supply-chain financing, cash management, tokenized deposits, stablecoins, smart payment tools, and automated settlement. The Alliance said it is seeking a technology partner and that the network would be interoperable with other networks and open to ownership by banks nationwide.

Kathy Kraninger, interim chair of the BankChain Alliance and president and CEO of the Florida Bankers Association, said the collaboration is intended to help banks of all sizes build their future and continue serving customers safely and efficiently across rural, urban, and regional communities.

The announcements point to banks exploring on-chain payment and settlement services alongside tokenized deposits and stablecoins. The reported plans remain preliminary in JPMorgan’s case, while the BankChain Alliance network is planned for 2027.

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CLARITY Act Uncertainty and Coinbase Push

Coinbase has become one of the most vocal industry supporters of the CLARITY Act, with CEO Brian Armstrong and senior executives repeatedly urging the Senate to advance the crypto market structure bill. The company has also backed industry lobbying efforts, including a June letter signed by more than 200 crypto organizations calling for a Senate floor vote.

More recently, Coinbase Vice Chair Ryan VanGrack publicly pushed for passage as lawmakers faced mounting pressure to act, while Coinbase backed advocacy group Stand With Crypto, which endorsed congressional candidates who previously supported the legislation.

For now, the bank news arrived as the Digital Asset Market Clarity Act, or CLARITY Act, had yet to pass the Senate, with the bill’s treatment of stablecoin yield among the remaining issues to be resolved.

Shay Boloor, a market strategist at Futurum Equities, said Circle stock was under pressure amid concern that a dollar stablecoin issued and distributed at scale by major banks could reduce the share of the market flowing through Circle and USDC.

Two developments remain in view. The BankChain Alliance network is anticipated for the first half of 2027, and the Alliance is still seeking a technology partner.

Meanwhile, the Senate’s handling of the CLARITY Act, including its treatment of stablecoin yield, remains unresolved. The progress of the bank initiatives and the legislation will remain central to the discussion around stablecoin competition.

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The post Bank Plans on CLARITY Act Send Circle and Coinbase Shares Lower appeared first on Cryptonews.

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The activity, appearing to spread sanctioned funds to trigger account restrictions, occurred between Aug. 17 and Aug. 24.

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This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH)

Ethereum closed another week in the green after pushing above $2,400, ending 6% higher. If buyers manage to hold this key support level, higher highs may continue.

Bulls should do their best to consolidate their recent gains after the massive rally from the $1,500 level. To achieve this, defending $2,400 as support is key. The current resistance is at $2,800.

Looking ahead, this is the first time since 2025 that ETH has made a higher high. This halts the downtrend and positions this cryptocurrency for a sustained rally. The question is how far bulls can take it before they show signs of weakness.

Ripple (XRP)

After XRP pumped to $1.6, the price entered a pullback, which is still ongoing at the time of this post. Nevertheless, this cryptocurrency closed the week 9% higher. This recent performance is impressive and a significant change in the market structure.

With a higher high secured, XRP could be consolidating between the key support at $1.3 and the resistance at $1.6. Once the price settles, a renewed push higher could follow, sending XRP back into a rally.

Looking ahead, the most significant target, at this time, is $2. For that to happen, XRP will need to turn $1.6 into a support first. The odds favor this outcome considering that buyers have the advantage right now.

Cardano (ADA)

Cardano ended this week flat after the price failed to break the resistance at $0.23. Buyers tried to push ADA higher, but sellers would not budge. For this reason, the price is in a pullback at the time of this post.

While a consolidation period under the key resistance is normal, this cryptocurrency needs to avoid a long delay in breaking $0.23, as that may encourage sellers to step up their presence on the order book.

Looking ahead, Cardano needs to make a higher high to confirm the bottom under $0.15. So far, this has not happened, which may give bears a chance to retest the previous lows in the future.

Binance Coin (BNB)

Binance Coin had a good week, closing 7% higher. The price also broke the $690 resistance and appears close to forming a higher high. If confirmed next week, BNB may be well on its way to visit $900 next.

It is critical for the price to continue its rally, as any price below $740 would paint a lower high on the chart, which would be a bearish signal. Nevertheless, as long as the $690 level holds as support, buyers have control over the price.

Looking ahead, the recent drop under $580 could be the bottom. To confirm it, BNB needs to rally and sustain its recent gains. If so, the $900 and $1,000 targets will act as magnets for the price in the near future.

Hype (HYPE)

Hyperliquid had another fantastic week, closing 14% higher after setting a new record price of almost $87. Right now, HYPE is trading in a key range between $ 76 and $ 85 as it plans its next move.

To continue the rally, the price has to clear $85 as support and aim for $90 next. However, considering the strength of the recent move, a consolidation period would be welcomed to avoid a sharper correction later.

Looking ahead, HYPE has a real chance to hit a three-digit price in the near future if this bullish momentum is sustained. A price of $100 or higher is only a 20% rally from current levels.

The post Crypto Price Analysis August-28: ETH, XRP, ADA, BNB, and HYPE appeared first on CryptoPotato.

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