The crypto market,
briefed in 60 seconds.

Bitcoin and Ether bears decimated amid squeeze-led rally and stablecoin push — Treasury intervention and a historic short squeeze drove the strongest rally in months, with banks and tech firms advancing stablecoin adoption.

Treasury buyback tweak helped bitcoin surge 25% to nearly $80,000 — The move pulled long-term yields off 19-year highs and triggered a record short squeeze in an overly bearish market.

Zcash jumps 48% to over $800 as Grayscale spot ETF push adds buzz — ZEC surpassed its January 2018 peak with billions in futures volume, aided by Grayscale's filing to convert its trust into a spot ETF.

BitMart weighs partial restart and creditor payouts — The exchange hired White & Case as restructuring counsel, with a detailed roadmap expected by Sept. 9.

Sandbox stops Base and BNB chain bridging after exploit — The Web3 gaming network disabled bridging to isolate tokens, warning users not to trade SAND on affected chains; impact under 0.01% of supply.