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Daily Snapshot

Today’s brief

A quick summary of today's important crypto news.

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Ether jumps 18% to $2,250 as bitcoin tops $69,000 in broad crypto rallyEther rose 18% to $2,250, bitcoin exceeded $69,000, and nearly $1.4 billion shorts were liquidated after Treasury doubled bond buybacks.

Bearish bets lose record $2.7 billion as bitcoin surgesShort sellers lost $2.74 billion in a day, exceeding the October 2025 crash liquidation event.

Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped outLargest short liquidation since 2021 forced $3 billion of bearish bets to buy back into thin supply.

Bitcoin's jump above $71,000 sets up bullish golden cross patternBitcoin's momentum may produce a golden cross, but the rally still faces an important test.

U.S. CFTC chief puts staff on notice to create crypto regulations if Clarity Act failsCFTC Chairman Mike Selig told the Innovation Advisory Committee his agency won't sit idle without legislation.

Bitcoin briefly hits $70,000 for first time since JuneLargest crypto asset rose over 7% Wednesday after several catalysts sent crypto-related assets higher.

Bitcoin approaches $72,000 as Strategy and Coinbase continue rallyBitcoin gained 15% since Monday, reclaiming key technical and on-chain levels with bullish momentum.

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Headlines that matter across crypto markets.

6 headlines

Bitcoin Is Pumping But Prediction Market Traders Aren't Convinced

Bitcoin Is Pumping But Prediction Market Traders Aren't Convinced

Aug 20, 2026

U.S. CFTC chief puts staff on notice to create crypto regulations if Clarity Act fails

U.S. CFTC chief puts staff on notice to create crypto regulations if Clarity Act fails

Aug 20, 2026

CFTC Chair Readies Crypto Rules If Congress Fails to Pass Clarity Act

CFTC Chair Readies Crypto Rules If Congress Fails to Pass Clarity Act

Aug 20, 2026

XRP Outperforms Every Token Within Top 100

XRP Outperforms Every Token Within Top 100

Aug 20, 2026

1.15 Million Ethereum (ETH) Left Exchanges – And The Exodus Isn’t Slowing

1.15 Million Ethereum (ETH) Left Exchanges – And The Exodus Isn’t Slowing

Aug 20, 2026

Alibaba's Revenue Jumps 9% as AI Cloud Growth Hits 45%—But a Profit Plunge Sends Shares Lower

Alibaba's Revenue Jumps 9% as AI Cloud Growth Hits 45%—But a Profit Plunge Sends Shares Lower

Aug 20, 2026