Breaking today: Lightning Labs CEO Ryan Gentry has filed for a $200M SPAC—Bitcoin Infrastructure Acquisition Corp.—to back digital financial infrastructure companies, with directors drawn from DeFi Dev Corp and Nakamoto (Kindly).

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🇺🇸 ETF FLOWS: Around $178.9M worth of BTC and $39.1M worth of ETH were bought on Aug. 28.

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🚨 Today: Bitcoin miner IREN jumps 14% in after-hours trading on a record Q2 revenue of $187.3M and net income of $176.9M, powered by growth in its BTC mining business and its AI expansion.

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🚨 ALERT: More than $5B in short positions could be liquidated if ETH reaches $5,000.

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🔥 ERIC TRUMP: I have no doubt BTC will reach a million and rise far beyond.

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🐋 ALERT: A participant in an ETH ICO moved 0.01 ETH after a decade, turning a $49 investment into about $694K — a 14,177x return. Read more: ct.com

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🚨 BREAKING: BlackRock's $ETH ETF has pulled in about $968 million in net inflows this week.

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🇺🇸 Just in: U.S. core PCE price index rose 2.9% year over year in July, in line with expectations and up from 2.8% in June.

Month-over-month, it increased 0.3%, matching forecasts and unchanged from June.

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🔥 Major update: The Strategic Solana Reserve now holds 8.7 million SOL, worth about $1.8 billion.

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⚡️Today: Justin Sun reveals TRON’s network fees are getting slashed by 60% — the biggest drop since the network launched.

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🚨 ALERT: About $14 billion in Bitcoin short positions could be liquidated if the price rises to around $120K.

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🚨 Hot take: CZ says the crypto world’s biggest mistake is selling the dip. Read more: ct.com

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⚡️ BULLISH: Bitwise believes Bitcoin could reach about $1.3 million by 2035, with a bull case near $3 million and a bear case around $88,000.

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🔥 BULLISH: Tom Lee says Wall Street is gearing up to base its core infrastructure on Ethereum, calling it the backbone of global finance.

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🚨 BREAKING: House of Doge approves a $200M DOGE treasury, to be chaired by Elon Musk's lawyer, Alex Spiro.

Musk’s involvement remains unclear.

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⚡ THROWBACK: Back in 2019, Marc Cuban claimed bananas were more useful than $BTC.

Today, he views $BTC as a superior form of gold.

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🔥 INSIGHT: In the run-up to the dip, BTC remained above $110K for 52 consecutive days.

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🇸🇻 NEW: El Salvador is diversifying its Bitcoin holdings by spreading them across several wallets in response to concerns about quantum computing.

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🚨 BREAKING: A whale moved $81 million worth of ETH out of OKX in the last 24 hours.

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⚡ INSIGHT: XRP analysts still expect $XRP to hit $20 despite the distribution phase.

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⚡ Update: About $2 billion in short positions are set to be liquidated at the $115,000 level.

Another $5.7 billion at the $123,000 level.

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