BTC rose to $71,851 and ETH traded at $2,283.19, up 11.70% and 19.12% over 24 hours. U.S. spot BTC and ETH ETFs recorded about $700 million of inflows in the same session, while DXY stood at 98.564, gold traded at $4,541.8, and WTI was at $85.94.
1. BTC nears $72,000 as ETH rises to $2,283
The August 20 evening capture showed BTC at $71,851, up 11.70% over 24 hours, and ETH at $2,283.19, up 19.12%. CoinDesk recorded BTC above $71,000 the same day, while Cointelegraph recorded an intraday high near $71,992.
Assets to watch: BTC ETH
2. BTC and ETH spot ETFs draw about $700M
During the August 20 U.S. trading session, crypto ETF inflows increased. CoinDesk live updates recorded $517 million of inflows into spot BTC ETFs and $189 million into spot ETH ETFs, bringing the combined session total to about $700 million.
Assets to watch: BTC ETH
3. Short liquidations top $3B over two days
From August 19 to 20, crypto short liquidations exceeded $3.1 billion under the Coinglass-based count. Cointelegraph recorded about $1.65 billion in BTC-linked short liquidations, with August 20 among the largest single-day short liquidation totals on record.
Assets to watch: BTC
4. HYPE rises as Hyperliquid U.S. access is discussed
HYPE extended gains on August 20, with Cointelegraph recording a rise of about 20%; CoinDesk had recorded an 11% move the previous night. Reports also said the CFTC was handling matters tied to Hyperliquid entering the U.S. market.
Assets to watch: HYPE
5. BitGo Korea secures VASP registration
BitGo Korea secured virtual asset service provider registration in South Korea on August 20. The company said the local entity built security, anti-money-laundering and internal-control frameworks from scratch, with Hana Financial Group and SK Telecom as strategic shareholders.
6. X explores stablecoin payments for creators
CoinDesk reported on August 20 that X is exploring stablecoin payments for creators and content providers. The report also noted that stablecoins have a combined market value above $300 billion and that SpaceX already uses stablecoins for Starlink cross-border collections.
Assets to watch: SPCX
7. SK Hynix gains over 12% after buyback update
SK Hynix shares in South Korea rose more than 12% on August 20. The company said it is accelerating a 40 trillion won, or about $28.7 billion, share repurchase and cancellation plan, with shareholder returns above 50% of cumulative free cash flow from 2025 to 2027.
Assets to watch: NVDA
8. GnosisDAO approves Gnosis Chain for Ethereum Economic Zone
GnosisDAO approved Gnosis Chain for the Ethereum Economic Zone on August 20. The proposal covers a transition to an Ethereum ZK rollup instance, with network architecture changes, staking status adjustments and about 350,000 staked GNO scheduled for unlock.
Market Snapshot
BTC: $71,851 | ETH: $2,283.19
Gold: $4,541.8 | Silver: $66.92
WTI: $85.94 | Brent: $91.22
S&P 500: 7,707.98 | Nasdaq: 29,426.02