Bitget UEX Daily | Treasury Buyback Size to At Least Double; Anthropic May File IPO by Month-End; Bitcoin Approaching Golden Cross Signal (August 21, 2026)

I. Hot News Highlights

Federal Reserve Dynamics

Chair Walsh to Deliver First Jackson Hole Speech Since Taking Office

• Federal Reserve Chair Kevin Walsh will speak at the Jackson Hole Economic Policy Symposium on August 28, addressing inflation targets, productivity, demographics, and global economic shocks.
• With inflation remaining above the 2% target for five consecutive years, markets are watching whether he will provide more concrete anti-inflation language beyond “we are dealing with it.”
• The current federal funds rate target range is 3.5%–3.75%. Market Impact: The speech is viewed as a key window into the new chair’s communication style and policy priorities, and may influence subsequent rate-path pricing.

International Commodities

Trump’s Hard Line on Iran Continues; Oil Prices Supported

• President Trump continues to signal economic pressure on Iran, with Brent crude rising toward the $93 area.
• Geopolitical uncertainty and supply concerns remain the dominant near-term drivers of oil prices. Market Impact: Elevated oil prices reinforce sticky-inflation concerns and weigh on rate-sensitive assets.

Macroeconomic Policy

Treasury Buyback Size to At Least Double; Bessent Teases New Fiscal Consolidation Measures

• Treasury Secretary Scott Bessent stated that long-term Treasury buybacks will be “at least doubled,” with single operations next month potentially exceeding the previously planned $4 billion, and signaled new fiscal consolidation measures as early as this weekend or early next week.
• President Trump has tasked him and the budget director with advancing the work; the toolkit includes cracking down on fraud, cutting certain state-level spending, and higher tariff revenues. Market Impact: Buybacks temporarily suppressed yields, but markets remain skeptical of their durability. Long-end yields rebounded on Thursday, prompting U.S. equities to give back gains.

II. Market Review

Commodities & Forex Performance

• Spot Gold: Approx. $4,511/oz, -0.19%
• Spot Silver: Approx. $68/oz, -0.11%
• WTI Crude: Approx. $86/bbl, -0.59%
• Brent Crude: Approx. $88.8/bbl, -0.52%
• US Dollar Index (DXY): Approx. 98.8, -0.05%

Driver Analysis: Expanded Treasury buybacks briefly pushed long-end yields lower, but the effect faded quickly. Combined with higher oil prices driven by geopolitical factors, inflation concerns re-emerged. Gold oscillated between rising yields and safe-haven demand, while silver showed relative resilience. Institutional views hold that near-term commodities are dominated by “buyback fade + higher oil,” creating a linkage of rising oil → inflation expectations → higher yields → pressure on risk assets.

Cryptocurrency Performance

• BTC: Approx. $73,600, +5.88%
• ETH: Approx. $2,338, +3.04%
• Crypto Total Market Cap: $2.55 trillion, +3.8%
• Market Liquidations: Total liquidations $957 million, of which short liquidations $785 million
• Bitget BTC/USDT Liquidation Map: Current BTC price around $73,659. Residual long-liquidation leverage remains notable in the $70,000–$73,000 zone below; a break of key support could trigger successive liquidations. Short-liquidation pressure is accumulating in the $74,000–$76,000 area above; further upside could spark short covering and amplify gains. Short-term leverage focus has clearly shifted upward, with the multi-short battleground concentrated near $73,000–$74,000.

• Spot ETF Net Flows: Yesterday’s net inflow $517 million; current 24-hour dynamic net inflow $103 million.

Driver Analysis: Residual momentum from Trump’s push for crypto legislation and the White House meeting, combined with earlier short squeezes, has kept BTC and ETH firm. Rising yields have exerted some pressure on risk assets, yet the crypto market has remained relatively independent of the U.S. equity pullback. Institutional consensus points to short-term drivers rooted in policy narrative and liquidity; attention remains on subsequent fund flows and leverage dynamics.

US Equity Index Performance

• Dow Jones: Closed at 52,759.21, -1.32%
• S&P 500: Closed at 7,641.16, -0.87%
• Nasdaq: Closed at 26,067.17, -1.00%, with tech and consumer under pressure

Tech Giants Dynamics

• NVDA: $216.62, -0.43%
• AAPL: $311.15, -1.79%
• MSFT: $481.01, -0.68%
• GOOGL: $340.48, -1.23%
• AMZN: $260.14, -2.14%
• META: $545.68, -0.06%
• TSLA: $345.35, -1.64%

Performance Summary & Driver Analysis: The Mag 7 mostly closed lower. Apple and Amazon led the declines, while Nvidia was relatively resilient. The fading effect of Treasury buybacks, the rebound in long-end yields, and higher oil prices jointly suppressed risk appetite. AI hardware and consumer tech came under simultaneous pressure, with capital shifting toward more defensive positioning.

Sector Movers Observation

Biotech / Pharmaceuticals – Sharp Pullback

• Representative stocks: Moderna -approx. 23.55%; Nasdaq Biotechnology Index -approx. 2.92%.
• Drivers: Profit-taking and volatility realization after the previous session’s surge.

Crypto-Related Stocks – Continued Strength

• Representative stocks: Strategy +approx. 7.81%, Coinbase +approx. 7.58%.
• Drivers: Sustained high Bitcoin prices and supportive policy expectations.

Consumer & Retail – Under Pressure

• Representative stocks: Walmart and other retailers weakened.
• Drivers: Concerns over consumption data and earnings guidance.

III. In-Depth US Equity Analysis

1. Moderna (MRNA) – Sharp Reversal After Surge

Event Overview: After surging approximately 177% the prior session on positive cancer-vaccine trial data, Moderna fell about 23.55% on Thursday. The broader biotech sector pulled back in tandem. Market Interpretation: Institutions view this as a classic technical correction following an event-driven spike, with near-term volatility significantly amplified. The medium- to long-term thesis still depends on subsequent trial data and commercial progress. Investment Implications: High-beta names require strict position management to avoid drawdown risk after chasing the move.

2. Anthropic – IPO Process Accelerates

Event Overview: Reports indicate Anthropic may publicly file IPO documents as early as the end of this month, with fundraising size potentially matching or exceeding SpaceX’s previous record. Second-quarter revenue exceeded $11.5 billion, annualized run-rate reached $65 billion, and the company is also seeking more than $10 billion in revolving credit. Market Interpretation: Institutions are focused on the combination of high growth and high losses, as well as the potential governance implications of a dual-class or super-voting share structure. The acceleration of AI-company listings will prompt markets to reassess valuation frameworks. Investment Implications: Monitor the formal filing timeline and deal size for spillover effects on AI-sector sentiment.

3. Broadcom (AVGO) – In Talks for ~$100 Billion AI Financing

Event Overview: Broadcom is reportedly in discussions with Blackstone, Apollo and others on approximately $100 billion in debt financing to support chip and infrastructure purchases by Anthropic and other AI firms. Market Interpretation: Analysts believe the deal would help Broadcom expand its AI-chip market share and intensify competition with Nvidia. The large financing also underscores that AI infrastructure capital expenditure remains elevated. Investment Implications: Watch the progress of the financing and its actual impact on company orders.

4. Apple (AAPL) – Followed the Broader Market Lower

Event Overview: Apple declined approximately 1.75%, underperforming within a broadly weaker tech sector. Market Interpretation: Rising yields and declining risk appetite left even consumer-electronics leaders unable to decouple. Investment Implications: The medium-term thesis still rests on new products and services; near-term moves will track the overall market.

5. Strategy (MSTR) – Crypto Proxy Remains Strong

Event Overview: Strategy rose approximately 7.81% and Coinbase about 7.58%, continuing to benefit from Bitcoin’s strength and policy expectations. Market Interpretation: Crypto-asset prices and the regulatory narrative remain the primary drivers; volatility is significantly higher than that of traditional tech stocks. Investment Implications: High-beta exposure requiring close tracking of Bitcoin price action and legislative progress.

IV. Market & Project Updates

1. Grayscale released a research report on Zcash arguing that, as AI introduces new tools for financial surveillance, Zcash’s privacy features may become essential in the AI era. Zcash uses zero-knowledge proofs for shielded transactions that hide sender, receiver and amount, offering cash-like privacy. Shielded transactions currently account for about 90% of volume, with shielded supply around 4.2 million ZEC (25% of circulating supply). Grayscale notes Zcash’s ~$8 billion market cap represents only 0.6% of the $1.4 trillion “monetary crypto assets” category it tracks. If the share reached 5%, ZEC’s value would be roughly 9× higher. The report suggests current valuations embed an assumption that privacy will remain niche; if investors ultimately assign a modest premium to privacy, the asset may be undervalued. Risks include regulation and quantum computing, though selective-disclosure tools provide a compliance path.
2. According to CoinDesk, Bitcoin’s recent upside momentum is strengthening and the asset is approaching a technical formation widely regarded as a long-term bullish signal. The 50-day moving average is near $63,976 and the 200-day near $69,005. A sustained rise of the 50-day above the 200-day would generate a golden cross. The 200-day MA is commonly used to judge long-term trend; holding above it is often seen as a shift from bear to bull market, while a break below can signal trend deterioration. Bitcoin has traded below its 200-day MA since October 2025 (when price was near $110,000). Historical golden crosses in February 2023, October 2023, October 2024 and April 2025 were followed by further upside, though the signal typically confirms after prices have already risen, so some investors may have missed the early move. Analysts caution the current advance could still be a technical rebound rather than the start of a new secular bull market; a sharp break below the 200-day would invalidate the bullish case.
3. Treasury Secretary Bessent’s comments that buybacks will at least double and that new fiscal consolidation measures are coming were cited by long-bond investor and macro strategist Mark Connors as a potential catalyst for Bitcoin’s next leg higher and a pathway toward an $180,000 target. Connors argued that regular long-term Treasury buybacks signal the government is addressing rising long-term borrowing costs. Higher yields normally divert capital into Treasuries and away from risk assets including crypto; if buybacks support bond prices and lower yields, they could ease macro pressure on Bitcoin. BTC extended gains after the remarks, briefly approaching $73,000.
4. Anthropic may publicly file IPO documents as early as the end of this month, with size potentially matching SpaceX.
5. Broadcom is reportedly in talks for approximately $100 billion in AI-related debt financing.
6. President Trump signed a commercial space memorandum targeting at least 1,000 launches and re-entries per year by 2030.

V. Today’s Market Calendar

Key Event Preview

• S&P Global PMI flash: Verifying expansion momentum.
• Jackson Hole preview: Focus on expectations for Chair Walsh’s August 28 speech.
• Anthropic IPO progress: Tracking the filing timeline.

August 21 (Friday)

1. ★★★★ U.S. August S&P Global Manufacturing/Services PMI flash readings – verifying expansion momentum and soft-landing continuity.

Institutional Views

Investment-bank analysts note that the rapid fade of Treasury buyback effects, the rebound in long-end yields and higher oil prices jointly suppressed U.S. equity risk appetite. Bessent’s teaser of new fiscal consolidation measures was met with market skepticism regarding their material impact. Anthropic’s accelerated IPO timeline and Broadcom’s large financing discussions indicate that AI capital expenditure remains elevated. The crypto market has stayed relatively independent of the equity pullback, supported by policy narrative. Overall strategy recommendation: monitor yield moves, PMI data and the Jackson Hole speech; remain cautious on high-valuation growth stocks.

Disclaimer: The above content is compiled by AI search and verified by humans for publication only. It does not constitute any investment advice. Data in the text may inevitably contain deviations; please refer to real-time market data.