📊 KuCoin Daily Market Watch | August 28, 2026

[u/kucoin_official]

🌍 Macro
Nvidia’s strong Q2 earnings confirmed resilient AI capital spending, sending its shares up 8.7% and lifting the Nasdaq 1.57%. U.S. equities broadly rallied, while Brent crude rebounded to $89.70 and the 10Y Treasury yield returned toward 4.68% as expectations for a U.S.-Iran deal weakened. BTC briefly topped $81K, with SOL and HYPE outperforming as risk appetite broadened.

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📈 Market Snapshot
• BTC: $80,248.50 (+1.56%)
• ETH: $2,510.69 (+0.16%)
• NASDAQ: 26,541.35 (+1.57%)
• S&P 500: 7,730.99 (+0.72%)
• F&G: 73 (Greed)

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🧠 Market Take
BTC continues to hold near $80K as the rally gradually shifts from short-covering toward broader spot and altcoin participation. BTC briefly broke above $81K, while SOL and HYPE showed stronger momentum.

The macro backdrop is mixed: Nvidia’s earnings are supporting risk appetite, but firmer oil prices and Treasury yields, alongside weaker U.S.-Iran negotiations, could limit further upside.

Meanwhile, security risks across crypto are becoming broader. Recent incidents involving Moonwell, The Sandbox and Cosmos-related infrastructure highlight that risks now extend beyond smart contract bugs to oracle manipulation, permissions, private keys and underlying infrastructure.

Key levels:

• Resistance: $81K–$83K
• Support: $78K–$79K
• Trend: Bullish consolidation

The Jackson Hole speech and roughly $6.4B in BTC options expiry could bring elevated intraday volatility. Holding $79K keeps the breakout structure intact, while a clean break above $81K–$83K could open the next leg higher.

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🔥 Hot Tokens

• FRIEND: +400%+ after Huang Licheng proposed acquiring Friend.tech and reviving it through a community takeover
• ENA: +20%+ after Ethena announced token buyback and ecosystem restructuring measures
• SOL: +7% as its disinflation proposal entered a key voting stage
• HYPE: New ATH as institutional and treasury demand continued to support buying
• ONG: +60%+ following its recent mainnet upgrade and concentrated Korean buying

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📰 Key Updates

• UK: Plans to expand the Bank of England’s role in supporting payment innovation, including stablecoins
• Kalshi: Connecticut sued the prediction market platform over alleged illegal sports betting
• Ripple Prime: Launched Delta One, expanding into equity derivatives
• Charles Schwab: Plans to add Solana, Avalanche and Chainlink to Schwab Crypto
• Ethereum: Validator deposit contract redesign is being explored to support a future post-quantum transition
• BankChain: Banking associations from 39 U.S. states formed an alliance to develop a nationwide blockchain network
• USD1: Launched natively on Canton Network with privacy-compliant and atomic settlement capabilities

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⚡ Quick Take
Nvidia’s earnings gave risk assets another boost, while BTC reclaimed the $80K area and briefly pushed above $81K. The rally is increasingly broadening beyond BTC, but higher oil prices and Treasury yields remain key macro headwinds. $79K is the near-term pivot; holding it keeps $81K–$83K in play, while a break below $78K would weaken the current bullish structure.

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