Odaily News, Coinglass data shows that over the past hour, total liquidations across the network have expanded to $466 million, with short positions accounting for $438 million in liquidations and long positions $28.17 million. Additionally, ETH liquidations reached $209 million, while BTC liquidations hit $207 million.

Odaily News: The dollar weakened sharply on Wednesday, and the U.S. Treasury market rebounded after an unexpected announcement to expand the scale of long-term Treasury buybacks, driving long-term yields notably lower. The dollar index fell as much as 0.85% during the session, marking its biggest drop in three weeks and hitting its lowest level since mid-May.

On the day, the dollar declined against all major currencies, with the Swiss franc and Swedish krona posting the largest gains, while the yen also strengthened significantly. Market participants believe that the Treasury's sudden increase in long-term bond buybacks has alleviated the recent sustained selling pressure in the long-end Treasury market, while also signaling to investors that the Treasury is closely monitoring bond market volatility.

Odaily News: According to MSX.COM data, Scotts Miracle-Gro shares surged over 6% after Trump called it a "great company."

Scotts Miracle-Gro Company, founded in 1868, is a U.S. gardening giant listed on the New York Stock Exchange (ticker: SMG). Speaking about the White House renovation, Trump said, "Interestingly, I haven't received any criticism. This will become the greatest military complex and banquet hall in the world. Scotts Miracle-Gro provided the lawn for free."

Odaily News, OKX market data shows altcoins are broadly rising, with the following highlights:

ETH is currently trading at 2017.38 USDT, up 5.42% in 24 hours;

HEMI is currently trading at 0.0092766 USDT, up 45.12% in 24 hours;

VINE is currently trading at 0.007267 USDT, up 11.92% in 24 hours;

RE is currently trading at 0.43854 USDT, up 12.5% in 24 hours;

DOS is currently trading at 0.2581 USDT, up 13.94% in 24 hours.

Odaily News, Greeks.live macro researcher Adam posted on platform X that BTC price has risen to $66,000, with expiration-day IV doubling to an extreme high of 30%. In fact, compared to a week ago, full-term IV has decreased by 0.5%.

Odaily News, Coinglass data shows that in the past hour, total liquidations across the network reached $221 million, with short positions accounting for $201 million and long positions $20.35 million. BTC liquidations totaled $102 million, while ETH liquidations reached $81.11 million.

Odaily News, according to MSX.COM data, the US-listed crypto sector continued to climb, with Strategy rising 11.56%, Circle up 11.2%, Coinbase gaining 9.77%, Robinhood and BMNR both up over 5%, while Hut 8 fell 1.2% and IREN dropped 1.6%.

Odaily News: According to Lookonchain monitoring, U.S. Bitcoin ETFs saw a net inflow of 3,134 BTC today, with a 7-day net inflow of 3,413 BTC; Ethereum ETFs recorded a net inflow of 34,698 ETH, with a 7-day net inflow of 57,917 ETH.

Odaily News, according to Gate data, spot silver surged 4% intraday and is now trading at $65.85 per ounce. New York silver futures touched $66 per ounce, up 4.07% intraday. Additionally, the USD/KRW pair fell 2% to 1,384.30 won per dollar.

Odaily News: Matt Cole, CEO of Strive, stated on platform X that over the past decade-plus, he has maintained the view that the U.S. Dollar Index (DXY) is in a structural downtrend, and it may currently be approaching a more significant downward phase that could have major implications for Bitcoin. If this assessment holds, the next 5 to 7 years could become one of the most favorable macroeconomic environments in Bitcoin's history. He pointed out that the long-term downward trend of the dollar index, which has been forming since the late 1960s, is reflected not only in the technical pattern of "lower highs and lower lows" but is also supported by U.S. fiscal fundamentals.

Matt Cole noted that every major bull market in Bitcoin has been accompanied by dollar weakness. During the 2017 rally, DXY fell from around 103 to 88; in the 2020-2021 cycle, the dollar index dropped from about 103 to near 89; and during Bitcoin's all-time high in 2025, the dollar also weakened from around 108. The previous rounds of dollar declines have been relatively limited in scale, but the current situation may be approaching a multi-year dollar downtrend similar to the mid-1980s and the period from the early 2000s to the global financial crisis. His baseline assessment is that the dollar index could continue to decline over the next 3 to 7 years, potentially even testing the low of around 70 seen in 2008.

Matt Cole believes that if the dollar experiences a true long-term structural breakdown, Bitcoin will encounter a macroeconomic environment it has never faced before. He stated that most current Bitcoin predictions in the market are still based on past performance, but Bitcoin has yet to experience sustained momentum from a "long-term dollar recession cycle." He also mentioned that the U.S. Treasury recently announced it will at least double the scale of its long-term Treasury bond buybacks, while long-term Treasury yields are under pressure and the dollar is weakening in tandem—factors that further reinforce his long-term assessment.

Matt Cole concluded: "Over the next 5 to 7 years, people may still not be bullish enough on Bitcoin." He believes that if the 45-year-long dollar trend ultimately breaks to the downside, Bitcoin could enjoy macroeconomic tailwinds far exceeding those of any historical cycle.

Odaily News – The U.S. Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Southern District of New York has entered supplemental consent orders against Caroline Ellison, former CEO of Alameda Research, and Gary Wang, co-founder of FTX.

Under the court orders, Ellison and Wang are required to continue cooperating with the CFTC's investigation, while also facing trading and registration restrictions. Specifically, Ellison received a 5-year trading ban and a 10-year registration ban; Wang received a 5-year trading ban and an 8-year registration ban. The relevant restriction periods begin from the date of the initial consent order, which was signed on December 23, 2022.

Previously, on December 23, 2022, the court found Ellison liable for two counts of fraud alleged by the CFTC, and found Wang liable for one count of fraud. Their initial consent orders permanently prohibited them from violating the Commodity Exchange Act and the CFTC's related anti-fraud regulations.

The head of the CFTC's Division of Enforcement, David I. Miller, stated that this ruling reflects the regulator's emphasis on "effective cooperation." Although Ellison and Wang, as executives of Alameda and FTX, were involved in the relevant fraudulent conduct and were held liable, the regulator granted leniency in light of their significant assistance in the FTX-related investigations.

The CFTC stated that it will not currently require Ellison and Wang to pay restitution, disgorgement, or civil monetary penalties, primarily considering the extent of their cooperation in the investigations and related criminal cases, as well as the $11.02 billion asset forfeiture order involved in the U.S. criminal case. Both individuals have previously pleaded guilty in their criminal cases, including admitting to conspiracy to commit commodities fraud and multiple other charges.

Odaily News: U.S. EIA crude oil inventories for the week ending August 14 came in at 4.405 million barrels, compared with a previous reading of 17.423 million barrels.

U.S. EIA strategic petroleum reserve inventories for the week ending August 14 were -5.268 million barrels, compared with a previous reading of -6.115 million barrels. (Jin10)