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Bitcoin and Ether bears get decimated amid 'squeeze-led' rally and Musk's X wants to pay creators in stablecoins: Crypto week in 5 stories

CoinDesk
crypto
22 Aug 2026 • 14:00
Bitcoin and crypto staged their strongest rally in months as Treasury intervention, regulatory moves and a historic short squeeze collided, while banks and technology companies pushed deeper into stablecoins....
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Zcash jumps 48% to over $800 as Grayscale spot ETF push adds to ‘next bitcoin’ buzz

CoinDesk
crypto
22 Aug 2026 • 07:29
ZEC traded above its January 2018 peak as futures volume hit billions of dollars and a Grayscale filing showed fresh progress toward converting its Zcash Trust into a spot ETF....
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How a Treasury buyback tweak helped bitcoin surge nearly 25% in days

CoinDesk
crypto
22 Aug 2026 • 07:05
Treasury buybacks are not QE, analysts said, but the move helped pull long-term yields off 19-year highs and triggered a record short squeeze in a market already leaning too bearish....
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Crypto advocates join in suing Illinois over digital asset tax

CoinDesk
crypto
22 Aug 2026 • 00:10
The Crypto Council for Innovation and the Blockchain Association added another lawsuit against the state for its recently approved 0.2% crypto tax. ...
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Pass the Clarity Act

CoinDesk
crypto
21 Aug 2026 • 21:00
Reopening a settled provision four weeks before a vote would sink the bill, argues Summer Mersinger, CEO of the Blockchain Association....
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Ethena's ENA token surges 48%, but altcoin season will have to wait

CoinDesk
crypto
21 Aug 2026 • 18:10
ENA is rallying on a $1 billion FalconX deal, while HYPE tests its record, though flat dominance shows this is no broad alt season....
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Coldcard ships firmware after $114 million bitcoin theft; says AI helped catch more bugs

CoinDesk
crypto
21 Aug 2026 • 14:10
Three weeks of review turned up problems unrelated to the flaw that cost users $114 million, but updating still does not make a compromised wallet safe....
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Analysts split on whether Bitcoin's surge past key levels signals a new bull run

CoinDesk
crypto
21 Aug 2026 • 13:31
Market watchers say sudden sharp price spikes and forced short liquidations are the classic signs of a bottom, though macro risks still remain....
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The hard truth is that the Clarity Act is an anti-crypto bill

CoinDesk
crypto
21 Aug 2026 • 13:30
After years of stalled bills, misguided enforcement, and catastrophic collapses, almost any comprehensive crypto legislation began to look like progress. But Clarity is turning that hunger for progress into a political trap, argues Berkeley Law lecturer Hermine Wong....
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Bitcoin faces $80,000 test as thinner weekend liquidity looms

CoinDesk
crypto
21 Aug 2026 • 13:26
Your day-ahead look for Aug. 21, 2026...
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