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Crypto News Today
Crypto News Today

Bitcoin’s Biggest Weekly Gain EVER | Ethereum Whale Buys $81M & Solana Burn Vote

13 min‱24 augusti 2026

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Bitcoin has just recorded the biggest weekly dollar gain in its history, adding more than $14,000 in only 7 days as billions of dollars in short positions were wiped out and institutional money flowed back into spot Bitcoin ETFs.

In today’s Daily Crypto Roundup, we examine whether Bitcoin’s consolidation around the high-$70,000s is a warning that the rally is losing momentum—or exactly the healthy pause the market needs before another attempt at $80,000.

We also cover Tom Lee’s Bitmine purchasing another $81 million of Ethereum, taking its total holdings close to 5% of the entire ETH supply. With more than 5 million ETH reportedly being staked, the company is building one of the largest corporate cryptocurrency positions the market has ever seen.

Elsewhere, Solana validators are voting on proposals that could dramatically increase daily SOL burns and reduce future supply growth. Strategy has raised approximately $2 billion without purchasing any additional Bitcoin, Standard Chartered is entering the regulated stablecoin market, and the crypto industry is deploying enormous political resources ahead of the 2026 US midterm elections.

We also look at Pakistan’s new cryptocurrency licensing regime and ask whether XRP’s pullback following last week’s explosive rally is simply consolidation before another move higher.

Today’s biggest stories include:

  • Bitcoin records its biggest weekly dollar gain ever
  • BTC holds near the high-$70,000s after the breakout
  • Bitmine buys another $81 million of Ethereum
  • Solana considers a major increase in daily SOL burns
  • Strategy raises $2 billion but buys zero Bitcoin
  • Standard Chartered distributes a regulated HKD stablecoin
  • Crypto increases its political influence in Washington
  • Pakistan launches a full crypto licensing framework
  • XRP consolidates after last week’s enormous rally

Is Bitcoin about to break through $80,000, or does the market need a deeper correction first? And is XRP preparing for another leg higher?

Follow Crypto News Today for daily Bitcoin news, XRP updates, Ethereum analysis, altcoin coverage and the Daily Crypto Deep Dive.

Nothing discussed in this episode is financial advice. Cryptocurrency is highly volatile. Always conduct your own research and never invest money you cannot afford to lose.

We will see you at the top.

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