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The Canadian government's countermeasures against the U.S. tariffs have officially taken effect. Canadian Prime Minister Carney delivered a national video address, mobilizing the entire nation to unite in response to the Canada-U.S. trade war.Carney stated that Canada will reduce its dependence on the United States, although this will come at a cost, but it is negligible compared to the cost of stagnation.

According to CoinDesk, Alexander Blume, founder and CEO of the cryptocurrency asset management company Two Prime, stated that Bitcoin's recent rebound still has room to grow, mainly because institutional investors who have sold volatility are facing position pressure. If the price continues to rise, short sellers being forced to cover their positions will further fuel the upward trend. He pointed out that the current market structure is healthy, with funding rates not showing signs of overheating. The rebound is not driven by speculation, and the continuous inflow of spot ETFs and corporate buying provides substantial support.Although implied volatility has risen from 23%-24% to over 40, it remains low by historical standards. If call option sellers are forced to close their positions, it could accelerate the upward movement. Blume believes that if the macro environment stabilizes, BTC has already formed a bottom around $60,000, with the biggest risk coming from a complete collapse of risk assets. The generally pessimistic market sentiment means that even moderate positive news could have an outsized impact.On the mining front, MARA recently chose to collateralize its BTC holdings to obtain a $600 million loan from Coinbase and Two Prime, rather than selling directly, in order to retain upside potential. Mining companies are diversifying their AI transformation strategies, with Cipher Mining and TeraWulf actively shifting towards AI infrastructure, while CleanSpark and MARA explore AI and power sectors while maintaining their original businesses. Blume expects the Trump administration to push for interest rate cuts, and adjustments to the PCE index may lower inflation readings, which could improve interest rate prospects.

According to Decrypt, Michael Gubbins, the head of the Criminal Assets Bureau in Ireland, revealed to the Sunday Independent that organized crime gangs are renting private vaults to store cryptocurrency wallet private keys and mnemonic phrases along with cash, luxury watches, passports, and other valuables. This situation has been reported to the government's Anti-Money Laundering Steering Committee, which is preparing to implement new EU anti-money laundering rules in Ireland.The new EU regulations will take effect next summer, prohibiting cash transactions over 10,000 euros and requiring businesses to identify individuals for cash expenditures of 3,000 euros and above. Gubbins stated that crime gangs believe cryptocurrency offers anonymity, but the use of cryptocurrency in Ireland is still quite primitive, with cash remaining the primary form of payment for criminal activities such as drug trafficking.The bureau is handling its largest cryptocurrency seizure in history, involving 6,000 bitcoins confiscated from a cannabis grower in 2019, with the private keys written on paper and hidden in a tackle box, which was later lost. With the assistance of Europol, the bureau has cracked the first of 12 wallets in March, with over 130 million euros already liquidated from assets totaling 360 million euros.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $445 million, with long positions liquidated at $87.4788 million and short positions liquidated at $357 million, affecting a total of 111,323 people.Among them, the liquidation amount for BTC was approximately $174 million (long positions $11.7483 million / short positions $162 million), for ETH approximately $81.8038 million (long positions $23.1661 million / short positions $58.6377 million), for SOL approximately $15.3819 million (long positions $1.9203 million / short positions $13.4616 million), for XRP approximately $9.6179 million (long positions $1.4262 million / short positions $8.1917 million), for ZEC approximately $8.9542 million (long positions $1.5374 million / short positions $7.4168 million), for HYPE approximately $3.2925 million (long positions $425.6 thousand / short positions $2.8669 million), and other assets totaled approximately $45.691 million in liquidations.The largest single liquidation in the past 24 hours occurred on the BTCUSDT trading pair on Binance, worth $52.649 million.

The U.S. primary election season is nearing its end, and the cryptocurrency industry's super political action committee (PAC) has achieved victories in several key districts. Supported by major contributors such as Coinbase, Ripple, and a16z, Fairshake has helped approximately 50 candidates win nominations, including Massachusetts Democratic Congressman Jake Auchincloss, as well as Republican Senate candidates Barry Moore from Alabama, Andy Barr from Kentucky, Kevin Hern from Oklahoma, and Harriet Hageman from Wyoming. Prediction markets Polymarket and Kalshi indicate that these candidates have a winning probability of over 94% in the general election.Fairshake spokesperson Geoff Vetter stated that the organization has reserved $122 million for the fall elections. However, Fairshake also faced its biggest setback in Illinois, spending over $10 million in an attempt to prevent Democrat Juliana Stratton from securing the nomination but was unsuccessful. Additionally, the Fellowship PAC, supported by Cantor Fitzgerald and Anchorage Digital, has actually spent about $11 million, far less than the previously claimed $100 million; the Digital Freedom Fund, funded by the Winklevoss brothers with $21 million, has yet to engage in support for specific candidates.

The political action committee Protect Progress PAC, affiliated with the cryptocurrency industry supporter Fairshake, has spent approximately $189,000 on media advertising ahead of the primary election in Massachusetts's 4th congressional district, supporting Democratic Congressman Jake Auchincloss's re-election campaign. Records from the Federal Election Commission (FEC) show that this expenditure is Fairshake's latest move in the 2026 election, following over $130 million spent on advertising and media promotion during the 2024 election cycle.The Massachusetts primary is scheduled to take place on Tuesday local time. Democratic candidate Jason Poulos sent a letter to Auchincloss on August 16, requesting that he "publicly condemn" Protect Progress's involvement. Poulos stated that some of the funds were used to create "AI-generated spam" supporting Auchincloss, and pointed out that the latter has directly accepted $77,500 in donations from cryptocurrency industry sources since 2020. Auchincloss also voted in favor of the Digital Asset Market Structure Act in July 2025, which is currently under Senate review and has not yet been signed into law.In August, Fairshake and its affiliates invested approximately $3.6 million in congressional campaigns in Alaska, Florida, and Wyoming. Fairshake reported that it has about $122 million in cash ahead of the 2026 midterm elections. Massachusetts will be one of the last states in the U.S. to hold its primary this year, with just over two months remaining until the general election in November.

On-chain financial privacy infrastructure Primus announced that it has received investment from YZi Labs to support its ongoing work in on-chain financial privacy infrastructure. Primus also thanks YZi Labs and EASYResidency for their investment, support, and trust.Primus Confidential Vault is now live on the BNB Chain, providing private asset transfer and yield features for on-chain finance through FHE.

Axis announced the launch of Axis Prime, expanding its previously built fragmented market execution infrastructure for institutional allocators running market-neutral strategies to provide institutional liquidity and execution services for new banks, brokerages, remittance businesses, and digital asset platforms.Prime completes trade pricing, liquidity acquisition, execution and settlement management, as well as inventory and counterparty risk management through a single institutional relationship. This service supports over 15 currencies, stablecoins, and settlement channels, evaluating more than 25 million cross-asset pricing paths, with selected channels averaging a quoted spread of less than 10 basis points.Axis stated that Prime has completed its first OTC order for a large centralized cryptocurrency exchange. Capital entering Axis supports the balance sheet and trading infrastructure, while Prime utilizes this infrastructure to quote and execute external institutional capital flows, forming a dual-use model of capital formation and liquidity provision in parallel.

According to Bitcoin News monitoring, Metaplanet transferred $237 million worth of Bitcoin to Coinbase Prime.

According to Bitcoin News monitoring, the Criminal Assets Bureau of Ireland transferred 500 bitcoins seized from a cannabis dealer in 2021, worth $38 million.

According to Lookonchain monitoring, the Japanese listed company MetaPlanet deposited 3,000 BTC (worth $237 million) into Coinbase Prime in the past 24 hours.

According to HyperliquidNews monitoring, Unitxyz is currently using Coinbase Prime funds to purchase $15 million worth of hyperliquid through a TWAP strategy. Once completed, its total staked amount will reach 1 million tokens.Since the 500,000 hyperliquid used for HIP-3 staking cannot be reused for HIP-4, a total of 1 million hyperliquid tokens need to be staked to initiate both HIP-3 and HIP-4, valued at approximately $80 million.

According to monitoring by Lookonchain, the 6000 BTC lost by Irish drug dealer Clifton Collins due to a lost private key has been transferred again, with 500 BTC moving to Coinbase Prime, valued at 39.56 million USD.

Federal Reserve Chairman Waller stated, "Although the PCE and CPI data released this summer were better than expected, they did not convince me that there has been a meaningful improvement in the underlying trend of inflation." "Market prices reflect that the market believes we will achieve price stability. I can assure you that the market's judgment is correct."Waller then stated that with inflation rates above 2%, the Federal Reserve's "current top priority should be prices." This highly anticipated speech by Waller comes at a time when there is criticism of its streamlined communication strategy. Economists and market participants believe that this strategy lacks clear articulation regarding the recent economic and monetary policy outlook.Waller's speech seems to address these concerns, as he elaborated more deeply than before on his views regarding the economic situation and the focus of Federal Reserve policy under his leadership. He said, "Let us also clarify another aspect of our goals: price stability will not be achieved automatically, and inflation will not necessarily return on its own. Achieving price stability is the responsibility of the Federal Reserve." It is expected that Waller will not answer questions posed by on-site central bank officials and economists.

According to Arkham monitoring, addresses related to Grayscale Bitcoin Trust transferred 340.449091 BTC to two addresses including Coinbase Prime Deposit, worth approximately $26.9186 million.

According to monitoring by Lookonchain, the Bitcoin mining company Metaplanet (@Metaplanet) has purchased 43,000 bitcoins, with a total value of 3.48 billion dollars and an average purchase price of 96,191 dollars.An hour ago, the company deposited another 1,350 bitcoins into Coinbase Prime, worth 108 million dollars.

According to monitoring by Catcher Predict, in the event "LoL: BIG vs G2 NORD - Prime League 1st Division Playoffs" on the prediction market Polymarket, the "BIG" option in the sub-market "Match Winner" has experienced significant fluctuations in win probability, dropping sharply from 40.5% an hour ago to the current 19.5% (a fluctuation of 21%). Please note the impact of related breaking news.

Ripple's multi-asset brokerage business Ripple Prime has launched the Delta One service aimed at institutional investors, officially expanding into the U.S. equity derivatives market. This service allows clients to execute total return swaps linked to U.S. listed stocks, indices, and digital assets, and supports cross-asset margin calculations.Noel Kimmel, President of Ripple Prime, stated that this is an important step in the development of Ripple Prime and a natural extension of the platform. The service is primarily aimed at financial institutions such as hedge funds and asset management companies, allowing clients to trade around the clock through a single counterparty. Ripple Prime currently has over $1 billion in regulatory net capital.Ripple Prime was renamed after Ripple's $1.25 billion acquisition of Hidden Road completed in October 2025. In August of this year, Ripple Prime completed a $275 million private placement of senior unsecured notes, and in May, it secured $200 million in debt financing from a fund managed by Neuberger Specialty Finance to expand its institutional lending capabilities.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: Eintracht Spandau vs Kaufland Hangry Knights - Prime League 1st Division Playoffs," the "Odd" option in the sub-market "Odd/Even Total Kills" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

According to on-chain analyst Yu Jin's monitoring, 14.65 million EIGEN, worth 3.09 million dollars, that Polychain redeemed from staking 3 months ago, was transferred to Coinbase Prime 6 hours ago.Out of the 131.8 million EIGEN redeemed by Polychain at the end of May, 46.86 million EIGEN was re-staked 1 month ago, 14.65 million EIGEN was transferred to Coinbase Prime today, and the remaining 70.29 million EIGEN is still stored in the address.