CoinDesk reported that Robert Kiyosaki, the author of \u0022Rich Dad Poor Dad\u0022, renewed his criticism of the U.S. dollar after the U.S. Department of the Treasury announced a larger repurchase program aimed at improving liquidity in long-dated Treasuries. Kiyosaki argued Washington is creating more \u0022fake dollars,\u0022 pushing investors back toward familiar themes: Treasuries, inflation, and bitcoin's role as a potential safe haven. Treasury officials stressed the change is not Federal Reserve quantitative easing. The program is structured as a market-liquidity operation that swaps outstanding Treasury securities for repurchase transactions, targeting better trading conditions in longer maturities at a time when scrutiny is high. Long-term U.S. yields have climbed to their highest levels since 2007, and U.S. federal debt has surpassed $40 trillion. Repurchase limits doubled for key long maturities Under the new Treasury arrangements, the per-operation liquidity-support repo limits for 10- to 20-year and 20- to 30-year Treasuries will rise from $2 billion to at least $4 billion. The updated limits take effect September 9 and will remain in place through the end of the current refunding quarter on November 4. The Treasury said the increase is designed to improve liquidity in long-term government bond trading, noting strong market-maker participation in these maturities and the need for greater operational capacity. Officials also emphasized that, by their definition, these buybacks do not directly expand the monetary base, distinguishing them from the Fed's asset purchases under quantitative easing. The adjustment is concentrated in the 10- to 30-year sector, with the single-operation cap lifted from $2 billion to at least $4 billion for the September 9 to November 4 window. Kiyosaki doubles down on scarce assets Kiyosaki framed the move as part of a broader pattern of currency debasement. He has long argued that rising government debt and mounting inflation risks erode the purchasing power of cash, making relatively scarce assets more attractive. He has repeatedly highlighted gold, silver, bitcoin, and select real estate as preferred holdings. After the Treasury announcement, bond yields fell and the dollar weakened. Bitcoin rebounded at the same time, rising from around $65,000 during the week and briefly nearing $79,000. The report added that ETF inflows and short covering also contributed to bitcoin's upswing. Kiyosaki's central point is not that Treasury buybacks are identical to quantitative easing, but that persistent government efforts to ease stress in the debt market can reinforce investor demand for limited-supply assets. Bitcoin's hard cap of 21 million coins remains a key reason some investors view it as a long-term inflation hedge. Macro factors increasingly shape bitcoin's narrative In terms of scale, the Treasury operation is small relative to the overall U.S. Treasury market and is better understood as liquidity management than a near-term signal of a monetary-policy pivot. Market attention remains centered on whether ongoing U.S. borrowing needs will keep pushing long-term financing costs higher. If long-term yields stay elevated and fiscal pressures build, the argument that weakening dollar purchasing power benefits scarce assets may continue to resonate. For bitcoin, that means its price drivers are no longer confined to the crypto industry and are increasingly tied to interest rates, the dollar's trajectory, and broader capital flows.

Bitcoin posted a weekly gain of over 23%, its largest one-week advance since March 2023.

According to a report by The Block, Bitcoin recorded its most significant weekly gain in dollar terms during the most recent trading week. The premier cryptocurrency surged by $14,264, representing a 22.7% increase, to settle at a closing price of $77,387. This historic price action has significantly bolstered market sentiment, as evidenced by the Crypto Fear & Greed Index, which jumped to a reading of 79. This level marks the highest point of market optimism since December 2024. The unprecedented dollar-denominated growth underscores the intensifying institutional and retail demand following recent macroeconomic shifts. Analysts suggest that the breach of previous resistance levels and the rapid ascent in valuation reflect a robust bullish trend as the digital asset continues to explore new price discovery phases.

Coinkite has released firmware version 5.6.1 for its Coldcard Bitcoin hardware wallet, introducing a major change to how new recovery seeds are created. Under the update, users must provide their own entropy (randomness) each time they generate a new seed on the device, rather than relying mainly on the wallet's internal random number generator as in prior versions. The move follows industry reports of a seed-generation vulnerability associated with a large Bitcoin theft. CryptoPotato estimated losses at about $100 million, while The Cryptonomist EN reported $112 million. Both figures refer to the same incident, though reporting has not converged on an exact total. Seed phrases—commonly 12 or 24 words—are the basis of self-custody security because they encode the private keys that control a user's funds. If the randomness used to generate a seed is weak, predictable, or compromised, attackers could theoretically reconstruct the keys and empty the wallet. Security researchers have long recommended adding user-supplied entropy as a mitigation. Typical sources include dice rolls, camera-captured images, or other manual methods. This user input is combined with the device's internal randomness rather than replacing it, reducing dependence on any single entropy source that could be degraded by a firmware bug or a supply-chain issue. Hardware wallets are promoted as safer than exchange custody because private keys are intended to remain on-device. That security claim depends heavily on the integrity of the random number generation process during setup; weaknesses at seed creation can undermine cold storage even if keys are well protected afterward. While exchange hacks and smart contract exploits more frequently dominate headlines, vulnerabilities in hardware wallets or key-generation workflows can be especially dangerous because they may expose funds without obvious signs. Users who created seeds on earlier firmware may want to review Coinkite's official guidance on whether migrating to newly generated seeds is advisable. Coinkite has not been directly quoted in the reporting on the specific technical root cause. The requirement for user-provided entropy, though, indicates the company considered the prior process insufficient on its own and framed the change as a response to the reported exploit. Market impact appears most immediate for Coldcard users and the broader self-custody hardware wallet segment. The renewed attention on seed-generation practices may prompt other wallet makers to reassess or strengthen their entropy implementations. No pricing or trading data has been linked to the event in available coverage, leaving any broader market reaction unconfirmed. Coldcard users are advised to update to firmware 5.6.1 and consult Coinkite's official recommendations for seed handling going forward. FAQ What is Coldcard? Coldcard is a Coinkite hardware wallet designed for offline storage of Bitcoin private keys for self-custody. What does 'user entropy' mean here? It refers to randomness the user contributes manually—such as dice rolls or camera input—which is combined with the device's internal randomness when generating a new seed. How much Bitcoin was reportedly stolen? Coverage varies: CryptoPotato cited roughly $100 million, while The Cryptonomist EN cited $112 million, referring to the same underlying incident. Should existing Coldcard users do anything? Users who generated seeds before the update may want to review Coinkite's official guidance to determine whether regenerating and migrating to a new seed is recommended. Originally reported by AltcoinGordon; written by Grace Mitchell. Republished with permission. View the original on AltcoinGordon.

Bitcoin has logged its strongest weekly advance since March 2023, rising more than 23% over the week.

Bitcoin delivered one of its strongest weekly rallies in recent memory, surging about 23% from the low $63,000s to the upper $70,000s and briefly approaching the $80,000 level. The driver was not a spot ETF headline or a network upgrade. Instead, the move was sparked by renewed focus on the U.S. government's balance sheet. On Aug. 21, Bridgewater Associates founder Ray Dalio warned that the U.S. could face a full-blown debt crisis within three years without major policy changes. U.S. federal debt surpassed $40 trillion on Aug. 18, reaching $40.047 trillion. Dalio's message to investors was clear: reduce bond exposure, allocate 10–15% of portfolios to gold, and leave "a bit" of room for Bitcoin. He argued that the U.S. is confronting classic debt-cycle pressures, with roughly $10 trillion in refinancing needs and annual interest costs nearing $1 trillion. Dalio described gold and Bitcoin as non-government-produced assets that can hold up when currency supply-and-demand dynamics become unstable. He did not extend similar support to other cryptocurrencies, making no mention of Ethereum, Solana, or other digital assets. At the same time, the U.S. Treasury said it plans to increase buybacks of longer-dated debt, a step aimed at managing rising long-term yields. The announcement did little to ease concern, underscoring for many investors that Washington is reshuffling liabilities rather than reducing them. The Bitcoin spike unfolded over just a few days and lined up closely with Dalio's public comments and the Treasury's buyback plans. The rally also occurred amid rising long-term yields—a backdrop that typically weighs on risk assets—reinforcing the view that the move reflected macro hedging demand more than broad crypto-market momentum. Dalio added that similar debt strains are building in other major economies, suggesting the problem is not uniquely American. For context, U.S. federal debt stood near $31 trillion at the start of 2023, implying an increase of roughly $9 trillion in under four years. With about $10 trillion of obligations to refinance and close to $1 trillion a year in interest expense, economists warn of "debt spiral" risk: servicing old debt requires issuing new debt, which raises future servicing costs.

ChainThink said market data show Bitcoin gained 23.5% last week, briefly topping $79,000 and recently trading around $77,600. The move put Bitcoin back above its 200-day moving average for the first time since November 2025. Ethereum climbed 31.1% to $2,456, XRP surged 53.3% to $1.52, and total crypto market capitalization rose to $2.63 trillion. Spot Bitcoin and Ethereum ETFs recorded combined net inflows of more than $2.61 billion over the week. Macro headlines also drew focus. U.S. national debt exceeded $4 trillion last week, and the Treasury doubled its long-term debt repurchase volume to at least $4 billion. Markets linked the shift to concurrent strength in gold and crypto assets. Bridgewater Associates founder Ray Dalio warned that without a change in the U.S. debt path, a debt crisis could emerge within three years. He said portfolios should include about 15% gold and "a bit of bitcoin." On regulation, Trump urged Congress to pass the CLARITY Act, with a procedural vote set for September 15 that requires 60 votes to advance. The SEC has floated new crypto-asset rules that would allow qualifying projects to issue tokens up to a specified cap, paired with a safe-harbor framework. CFTC Chair Michael Selig said that if the bill does not pass, the agency will proceed with its own rulemaking, including allowing leveraged crypto trading and considering protections for developers. Nansen said part of the latest rally appears to reflect short covering. Standard Chartered Global Head of Research Geoff Kendrick said Bitcoin's $100,000 year-end target may be "too low," adding that if the recovery holds, Bitcoin could challenge its all-time high of $126,000 by year-end.

Aug. 19 — U.S. President Donald Trump (@realDonaldTrump) was asked at a White House event with technology industry leaders whether his administration planned to build a sizable position in Bitcoin or other cryptocurrencies. Trump said the topic had been discussed and that he would likely lean on SEC Chair Paul Atkins and his wider team for guidance and recommendations. He added that crypto assets had eased some pressure on the U.S. dollar and had been beneficial for it. Trump did not say the U.S. government had made a decision to increase its crypto holdings.

River data show 49.6M U.S. adults hold Bitcoin, outpacing gold ownership at 28.8M by nearly 21M people.