Bitcoin briefly hits $70,000 for the first time since June. Here is why (CoinDesk)

Bitcoin briefly climbed to US $70,000 for the first time in 11 weeks, rising more than 7% in 24 hours, as reported by CoinDesk. Bitcoin also broke above a key technical level near US $66,600, possibly opening the door to around US $76,000, although inflation concerns and the possibility of higher interest rates remain risks for further gains.The rally was fueled by U.S. Treasury bond buybacks and a renewed optimism for a September Senate vote on the CLARITY act. 

Ethereum Price Forecast: ETH jumps 18%, sparks over $1 billion in liquidations (FXStreet)

Ethereum (ETH) jumped nearly 18% to around US $2,250, triggering more than US $1.11 billion in liquidations, mostly from traders betting that ETH would fall, as reported by FXStreet. The rally followed improved market sentiment after the U.S. Treasury doubled its long-term bond buybacks and President Trump made supportive remarks on crypto. After such a sharp move, ETH could face resistance around US $2,300–$2,431.

HYPE jumps 11% as Trump says CFTC is working to bring Hyperliquid to U.S. (CoinDesk)

HYPE jumped about 11% after U.S. President Donald Trump said CFTC Chair Mike Selig is working on a legal and compliant path to bring Hyperliquid into the U.S., as reported by CoinDesk. A U.S. launch could give the platform access to the regulated American derivatives market, where interest in these products has been growing. Trump did not explain what a U.S. version of Hyperliquid would look like or what approvals it would need, and his comments do not mean the platform has already been approved by the CFTC.

DISCLAIMER: PDAX reaffirms that the statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis.

For inquiries or complaints, please contact us through the following channels:
– Chatbot: https://pdax.ph or https://web.pdax.ph/ (click web chat feature)
– ‘Customer Support’ webpage at https://support.pdax.ph
– Email: support@pdax.ph
Please provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the Order and/or Transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name and use your registered email address.

Philippine Digital Asset Exchange (PDAX), Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels:
– Email: consumeraffairs@bsp.gov.ph
– Webchat: http://www.bsp.gov.ph (click web chat feature)
– Facebook: https://www.facebook.com/BangkoSentralngPilipinas
– Direct Line: (02) 5306 2584 / (02) 8708 7087
– Trunk Line: (02) 8708 7701 loc. 2584
– SMS: 21582277 (for Globe subscribers only).
For further details, you may refer to BSP’s Inclusive Finance – Consumer Protection.
In addition, all services related to tokenized bonds are performed by PDAX’s broker-dealer partner, PDAX SECURITIES INC. (formerly BONDS.PH INC.) or the issuer of the tokenized bonds or its underlying assets will satisfy the terms of the tokenized bonds. Any and all purchases and trades involving tokenized bonds are subject to the user’s risk and discretion.

External links are provided for convenience and for informational purposes. They are not statements of PDAX and PDAX bears no responsibility for the accuracy, legality or content of said links.