Bitcoin rose 5.63% in the week through 6:45 AM UTC on August 28, 2026, while Ethereum gained 5.47% and total crypto market capitalization climbed 5.91% to $2.69 trillion. Weekly liquidations returned to more normal levels after the previous week’s severe activity, with long liquidations dominating early in the week among late market entrants. Funding rates declined despite stronger bullish sentiment, and some major tokens entered negative territory. Strategy raised its USD Reserve by $300 million and repurchased $136 million in STRC shares, taking the reserve to $5.1 billion. Revolut launched EURR, its first euro-backed stablecoin (a cryptocurrency designed to maintain a stable value), issued by Bridge, while JP Morgan was rumored to be exploring its own stablecoin after several DeFi (decentralized finance) pilot projects. Bitcoin ETFs recorded more than $1.1 billion in weekly net inflows, while Ethereum ETFs attracted just over $700 million. Coinbase launched crypto-backed mortgages in the United States, allowing borrowers to pledge Bitcoin toward a downpayment without selling it. Spot and futures demand for Bitcoin grew together for the first time since October 2025. The S&P 500 rose 0.85% and the Nasdaq gained 0.96% during the same period after Nvidia’s earnings beat temporarily eased equity-market selling pressure. Prom, Dog (Bitcoin), Stacks, Official Trump and Official Melania Meme were among the week’s notable altcoin outperformers. Hyperliquid activated AQAv2 to direct USDC Reserve Yield toward HYPE token buybacks and burns; Solana advanced two governance proposals to increase SOL burns and reduce issuance over the next six years; and Ethena proposed changes involving token-equity alignment, revenue buybacks, the removal of monthly unlocks and the purchase of locked tokens from several major investors. Kinetiq announced Elysium, a spot-trading chain designed to operate with HyperCore and HyperEVM and use HYPE as its gas token, while Pump.fun added HyperEVM support and USDC trading for HyperEVM tokens. In DeFi, Coinbase tokenized stocks went live on Base L2 and remained backed 1:1, Term Labs suffered an $8.5 million governance attack that took control of its vaults before its DAO governance roles and vaults were shut down, LayerZero introduced ATLAS as a universal backend for exchanges, and Kamino began a private beta for fixed-rate, fixed-term loans ahead of a public launch planned for Q3 2026. Fundraising included Fasset’s $68 million Series C led by SBI Group at a $1 billion valuation, Beldex’s $8 million round led by Sigma Capital, Entropy’s $14 million round led by Ribbit Capital, and City Protocol’s $11 million Seed and Pre-A rounds. The overall narrative was that crypto continued edging higher despite bearish short positions and sidelined traders, leaving only shallow pullbacks for new entrants, while projects worked to reduce token supply overhangs. CoinMarketCap’s stated view was that tokenized stocks remain a core focus for large crypto companies such as Coinbase, with DeFi integrations expanding their utility.