Yesterday’s Biggest Headlines

Crypto Market Watch

1. Kalshi traders said Bitcoin's rally may not extend much beyond current levels by the end of 2026. CNBC reported that BTC was trading above $77,000 as prediction-market participants assessed the rally's remaining upside.

2. Bitcoin climbed as $1.2 billion in short positions were liquidated during the rally. Decrypt reported that the forced covering added fuel to Bitcoin's advance while traders reassessed the strength of the move.

3. Term Finance lost an estimated $8.5 million in a governance exploit on Sunday. The Block reported that the attacker drained assets from protocol vaults despite a governance delay and veto mechanism.

4. XRP surged about 50% over the week, putting it on course for its strongest weekly gain in 21 months. CoinDesk linked the move to optimism around Treasury buybacks and lower long-term borrowing costs.

Equity Market Moves

5. PLS reported record production and sales in its FY26 full-year results released Monday. The lithium producer's official results announcement also described stronger financial performance, making the shares a fresh test of investor appetite for battery-material producers.

6. BioAffinity Technologies began trading on a split-adjusted basis Monday after completing a 1-for-15 reverse stock split. The company's SEC filing said the split became effective Friday afternoon and applied to trading from the August 24 open.

Commodities Watch

7. Gold approached a three-month high after U.S. Treasury bond-market actions raised concerns about the dollar. CNBC-TV18 reported that the shift strengthened bullion's appeal as investors reassessed the currency outlook.

8. Oil fell ahead of a U.S. announcement on new sanctions against Iran. The Economic Times reported that traders were weighing how the measures could affect Iranian supply.

Today’s Watchlist

• Whether Bitcoin can defend the $77,000-$78,000 range after the weekend liquidation wave
• Whether Ether and XRP can hold their outsized weekly gains
• Whether the Term Labs exploit puts pressure on DeFi risk appetite
• Market reaction to PLS's FY26 results and BioAffinity's reverse split
• Whether gold holds near its recent high as new Iran sanctions shape oil trading

edgeX Market Lens

Monday's setup is defined by a crypto rally that has broadened but is no longer moving on one signal. Bitcoin remains in the $77,000-$78,000 range and Ether around $2,400-$2,500, while XRP's outsized weekly gain points to stronger demand beyond the two market leaders. Term Finance's loss is the counterweight: rising prices do not remove protocol-level risk.

Traditional markets are sending a mixed signal rather than a clean risk-on confirmation. PLS's results put lithium equities back in focus, Treasury action has supported gold, and oil traders are assessing new sanctions against Iran. For crypto traders, the key distinction is whether the broader rally keeps attracting spot demand or becomes increasingly dependent on short-term momentum.

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