Treasury Buybacks, Bitcoin Surge, and Regulatory Moves Mark This Week’s Crypto Landscape

Liquidity, regulation and market momentum dominated the crypto headlines this week.

U.S. Treasury Expands Debt Buybacks

U.S. Treasury Secretary Scott Bessent told CNBC that the Treasury may increase the size of its debt buyback operations, potentially exceeding $4 billion per transaction. The move aims to support long‑term yields that have been under pressure.

Bitcoin Approaches $70,000 on Massive Short Squeeze

Bitcoin rose to $69,749 on August 19 after a cascade of forced short liquidations totaling $1.3 billion, the largest daily liquidation amount reported. The price continued upward the following day, reaching near $73,000.

Hyperliquid’s HYPE Token Gains on Regulatory Hint

Following comments from President Donald Trump about a potential legal pathway for the crypto exchange Hyperliquid, its HYPE token surged toward record levels.

CFTC Adds Prediction‑Market Leaders to Advisory Panel

The Commodity Futures Trading Commission’s Innovation Advisory Committee appointed representatives from Kalshi, Polymarket and DraftKings to its new advisory board, signaling increased regulatory focus on prediction markets.

VanEck Signals End of Bitcoin’s 11‑Month Correction

VanEck reported that eight of twelve capitulation indicators have fired, with long‑term holders moving 356,000 BTC in the past 30 days. The firm also raised its allocation to the BMNR fund by 49.3 % in Q2.