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A 109% Rally Just Drew the Map for Traders Willing to Take the Leap

Big money is moving, and bigger bets are forming.

Bitcoin long-term holders have already realized record profits, a healthcare firm wants to raise $5B just to buy BTC, and Standard Chartered says ETH looks cheap after treasuries scooped up nearly 5% of supply.

The signal is clear: the heaviest hands in the market are making their plays—and investors can't afford to look away.

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Market-Moving News

The headlines this week cut straight to capital rotation and institutional scale.

Bitcoin's old coins are finally moving, corporates are selling stock just to stack BTC, and Wall Street analysts are calling ETH undervalued despite the plunge.

Together, these shifts show how adoption and profit-taking collide in late-cycle markets. Ignore either side of that equation, and you miss where the real edge is forming.

Markets

Bitcoin Long-Term Holders Realize $3.27M BTC in Profits This Cycle

Bitcoin long-term holders (LTHs) have realized 3.27 million BTC in profits since early 2024, according to Glassnode. This exceeds the 2021 bull run but remains below the 2017 peak of 3.93 million BTC.

The scale reflects both higher prices and greater dollar value compared to past cycles. In 2015, bitcoin traded near $1,000, while today's levels are roughly 100x higher.

On-chain data shows that about 100,000 BTC recently came up for sale.

This supply included 80,000 BTC listed at Galaxy and another 26,000 BTC reactivated from long-dormant wallets.

ETFs have played a key role by enabling liquidity to absorb this selling.

Broader trading volumes have also expanded, cushioning what might otherwise have been deeper drawdowns.

The market has seen a modest correction, but the absorption shows how mature bitcoin's infrastructure has become.

Still, heavy profit-taking signals a late-cycle environment where volatility rises.

LTHs realizing profits at this scale highlight ongoing capital rotation. Dormant coins moving after years of inactivity are a reminder of hidden supply overhangs.

For investors, these dynamics suggest the market may face turbulence even with supportive macro conditions.

Liquidity has improved, but elevated sell pressure means timing entries matters more than chasing momentum.

Bitcoin Treasury

KindlyMD Plans $5B Equity Raise to Fund Bitcoin Treasury 

Salt Lake City–based KindlyMD, which merged with Nakamoto earlier this month, is launching an at-the-market equity sale of up to $5 billion.

The funds will primarily be used to acquire more bitcoin for its treasury.

The company has already filed a shelf registration statement with the SEC. This gives flexibility to issue shares in varying amounts depending on market conditions.

KindlyMD began its bitcoin treasury strategy on August 19 with a 5,744 BTC purchase worth $635 million.

The $5 billion raise would represent one of the largest corporate expansions into bitcoin.

Shares of KindlyMD (NAKA) dropped 12% to $8.07 following the announcement. Weak bitcoin price action, down more than 10% from mid-month highs, added to pressure on the stock.

The firm said proceeds could also support general corporate purposes, including acquisitions. However, the bitcoin treasury angle is the clear strategic focus.

KindlyMD's move extends a trend of non-crypto companies adopting bitcoin treasuries. It also reflects growing willingness to tie corporate equity value directly to BTC performance.

For investors, this plan shows how corporate treasury adoption is evolving beyond tech or crypto firms.

The scale could add demand for bitcoin, but equity dilution and BTC price risk remain key trade-offs to weigh.

Poll: If Satoshi Nakamoto suddenly revealed their identity, what would the market do?

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Ethereum

Standard Chartered Says Ether and ETH Treasuries Are Undervalued

Standard Chartered's Geoff Kendrick says Ether (ETH) and ETH treasury companies look undervalued after the recent plunge.

Since June, treasury firms bought 2.6% of the ETH supply while ETFs added another 2.3%.

Combined, that means 4.9% of circulating ETH has been absorbed in less than three months. Kendrick expects treasury firms could eventually hold 10% of the supply.

Despite these inflows, ETH dropped below $4,500 this week after touching $4,955. Kendrick views the sell-off as a strong entry point with year-end targets at $7,500.

Valuations of ETH treasury firms like Sharplink Gaming and Bitmine Immersion have also lagged. Their multiples trail those of bitcoin giant Strategy despite earning ETH's 3% staking yield.

Sharplink added a safeguard by pledging to repurchase stock if NAV multiples fall below 1.0. This creates a floor for valuations and signals management confidence.

ETF demand remains strong despite volatility, with $444M inflows on Monday and $338M Friday. BlackRock's ETHA alone drew $315M during Monday's rout.

For investors, the case for ETH hinges on whether these inflows continue to offset market weakness.

Undervaluation signals opportunity, but execution risk remains until sentiment turns more broadly bullish.

Coin Leaderboard

Crypto Pulse

Triple-digit gains are back on the radar as one token more than doubled overnight and dragged others higher.

Momentum is flowing into overlooked plays again—reminding investors that the sharpest edges often hide outside the spotlight.

Numeraire (NMR) $16.87 (+109.34%)

NMR soared 109.34% in 24 hours after news broke of a $500 million hedge fund partnership with JPMorgan.

Wrapped NXM (WNXM) $104.82 (+82.18%)

WNXM secured the second spot on today's Crypto Pulse leaderboard with an 82.18% surge.

Aurora (AURORA) $0.1042 (+46.81%)

AURORA snapped its bearish streak, climbing 46.81% in a single day.

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Future Forward

The next breakout won't come with flashing headlines or victory parades.

It'll slip out of a GitHub update no one noticed, a governance vote that barely passed, or a forgotten wallet suddenly moving.

Markets reward those who spot the cracks before they become quakes. By the time the crowd catches the tremor, the real opportunity is already gone.

Crypto Conferences:

💎 Bitcoin Asia 2025 (Aug 28, 2025)

💎 Web3 Lagos Conference 2025 (Aug 28, 2025)

💎 TokenExpo SF (Aug 28, 2025)

Upcoming Airdrops:

🎁 Redacted (RDAC) Airdrop (Aug 31, 2025)

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🚀 NewEra Finance (NERA) IDO on Huostarter (Sep 1, 2025)

🚀 UOMI (UOMI) IDO on Spores (Sep 6, 2025)

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Which event are you most excited for? Let us know!

Crypto Know-How: What Is Hyperliquid?

Hyperliquid is a decentralized exchange (DEX) built for trading crypto derivatives like perpetual futures.

Unlike centralized platforms, it runs entirely on-chain, letting users trade without giving up custody of their assets.

What makes Hyperliquid stand out is its speed and liquidity. It uses custom tech to process orders quickly and cheaply while offering deep markets for dozens of tokens.

Another key feature is its on-chain governance. Traders help decide which tokens get listed, what leverage is allowed, and how the platform evolves.

For digital asset users, Hyperliquid means trading crypto futures with the same efficiency as a big exchange, but with the transparency and self-custody that only DeFi can offer.

Everything Else

  • Over $130M in open interest was wiped out on Hyperliquid's XPL futures after a whale-driven spike triggered cascading liquidations just days before Plasma's token launch.

  • Thailand tapped KuCoin as the first global exchange to join its $153M tokenized government bond program, aiming to expand retail access to sovereign debt.

  • Japan's Metaplanet approved a $1.2B share issuance, earmarking $835M for new Bitcoin purchases and $440M for income strategies tied to its BTC holdings.

  • Venezuela's inflation-driven currency collapse has accelerated crypto adoption, with citizens increasingly using stablecoins for payments, salaries, and remittances.

  • US Commerce Secretary Howard Lutnick said the department will begin publishing GDP data on blockchain, with plans to expand to other key economic metrics.

That's where we'll leave it today—because in crypto, it's not the noise that moves the ground, it's the quiet shifts beneath it that change everything.

Best Regards,
— Benjamin Vitaris
Crypto Intel