Bitcoin

Daily

<h3 id="hot-topics">Hot Topics</h3>
<ul>
 <li><a rel="noopener noreferrer nofollow" target="_blank" href="https://www.reuters.com/world/us/us-weekly-jobless-claims-fall-amid-low-layoffs-2025-08-28/">U.S. jobless claims</a> fell to 229,000 for the week ending August 23, 2025, with low layoffs but tepid hiring, potentially raising unemployment to 4.3%.</li>
 <li><a rel="noopener noreferrer nofollow" target="_blank" href="https://www.reuters.com/world/asia-pacific/american-bitcoin-backed-by-trump-sons-aims-start-trading-september-2025-08-28/">American Bitcoin</a>, backed by Trump's sons, plans to start trading on Nasdaq in September via merger with Gryphon Digital Mining.</li>
 <li><a rel="noopener noreferrer nofollow" target="_blank" href="https://www.theblock.co/post/368388/kindlymd-5-billion-offering-bitcoin-treasury">KindlyMD</a> filed for a $5B equity offering to expand its Bitcoin treasury after buying 5,744 BTC, but its stock fell 12% to $8.07.</li>
</ul>
<h3 id="market-updates">Market Updates</h3>
<ul>
 <li><a rel="noopener noreferrer nofollow" target="_blank" href="https://www.coindesk.com/markets/2025/08/29/binance-halts-all-futures-trading-after-issue-on-unified-margin-platform">Binance</a> restored futures trading after a brief Unified Margin system outage, impacting its $40B open interest market.</li>
 <li><a rel="noopener noreferrer nofollow" target="_blank" href="https://www.coindesk.com/markets/2025/08/28/bitcoin-remains-under-pressure-as-gold-quietly-targets-news-record-high">Bitcoin</a> fell to $111,800, down 0.7%, while gold rose 0.8% to $3,477, nearing a record high, as macro factors favor gold over crypto.</li>
 <li><a rel="noopener noreferrer nofollow" target="_blank" href="https://www.theblock.co/post/368557/kanye-west-yzy-11-netted-millions">Kanye West’s YZY token</a> crashed 70%, with 74% of traders losing $74.8M; 11 wallets took 30% of $66.6M profits.</li>
</ul>

Daily Market Wrap | Aug. 29

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