ZEROBASE WEEKLY 8.24-8.30 ZBT traded in a relatively tight $0.075–$0.082 band through most of the week before a late bounce toward $0.083–$0.086 on August 30. Crypto market capitalization held in a $2.62T–$2.78T range after the prior week’s sharp expansion, settling near $2.63T–$2.70T by the weekend. The week was a classic digest-and-test sequence: residual bid from the prior 22% Bitcoin surge, a probe of resistance above $81,000, then a hawkish-policy fade. Bitcoin opened the week near $77,700 on August 24, advanced through $80,000, and printed a three-month high around $81,300–$81,455 on August 25–28 before reversing. The Friday close near $77,840 reflected a roughly 3% session drop after Fed Chair Kevin Warsh’s Jackson Hole remarks. By Sunday, Bitcoin had recovered into the $78,200–$78,800 zone, leaving the week modestly higher from Monday’s open but well off the highs. Ethereum moved in parallel, starting near $2,460, tagging the mid-$2,500s, sliding toward $2,420–$2,440 on August 28, and finishing near $2,450–$2,480. Derivatives confirmed the late-week de-risking. Friday saw about $488 million in liquidations, overwhelmingly longs, across nearly 98,000 traders. Open interest stayed elevated after the prior week’s short-squeeze, while funding on major pairs flipped from constructive to more cautious as hike odds repriced. Macro and geopolitics dominated the tape. The Jackson Hole symposium (August 27–29) was the focal point. Warsh, in his first keynote as Fed chair, called the 2% inflation target a “firm, fixed” objective, said forward guidance had “overstayed its welcome,” and warned that policymakers “have work to do” if underlying inflation does not move to target “clearly and at sufficient speed.” July PCE remained sticky at 3.7% year-over-year (core 3.3%). CME-implied odds of a September rate hike jumped from about 35% to around 57%. Two-year yields rose, the dollar strengthened, and risk assets faded into the Friday close. Other data mixed the picture: initial jobless claims fell to 203,000, supporting labor resilience, while July new-home sales dropped 10.5% under high borrowing costs. Trade friction intensified after the U.S. moved toward 50% tariffs on roughly $20 billion of Canadian goods following collapsed talks. Washington also widened Iran-related sanctions; oil still posted its first weekly decline in three weeks, with WTI near $83.40 and Brent near $89.30 as Hormuz-related risk was reassessed. Gold firmed toward $4,500. U.S. equities finished the week modestly higher despite Friday’s pullback. The S&P 500 closed Friday at 7,711.76 (−0.25%), the Dow near 53,560 (essentially flat on the day), and the Nasdaq weaker. Nvidia’s fiscal second-quarter print was the offset: revenue of $96.2 billion, data-center revenue of $89 billion, and guidance that produced an 8.7% single-session jump and a roughly $442 billion one-day rise in market value—one of the largest on record. That AI bid kept Communication Services and Tech among the week’s better sectors even as rate-sensitive names and the Russell 2000 lagged. Institutional flows remained the structural support, then cracked at the margin. U.S. spot Bitcoin ETFs took in $337.6 million on August 24, $314.4 million on the 25th, $232.1 million on the 26th and $242.2 million on the 27th, before a $201.8 million outflow on August 28 ended a nine-session, roughly $3 billion inflow streak. The August 24–28 trading week still netted about $924.5 million. ARK 21Shares led Friday redemptions (−$114.9 million), followed by Bitwise and a modest IBIT outflow. Ethereum ETFs did not follow: they added about $102 million on August 28 and extended a 10-day inflow run. Solana and XRP products also stayed in positive flow on the reversal day. Crypto Fear & Greed spent the week in greed rather than the fear readings of mid-August, oscillating roughly in the mid-60s to high-70s and ending near 69–76. On-chain data continued to show a holder split. Wallets with 100+ BTC added more than 39,000 BTC over the recent week, extending a 60-day accumulation of about 43,000 BTC (larger cohorts above 10,000 BTC added even more over that window). Retail-sized wallets (0.1–1 BTC) remained in distribution, with accumulation-trend scores near −0.98. Exchange flows flipped positive on the Friday dump (net coins onto venues) and quieter thereafter. A large share of supply remains dormant; long-term holder behavior stayed more constructive than the short-term cohort that sold into strength. In summary, August 24–30 was a consolidation week after Bitcoin’s strongest weekly dollar advance in years. Spot prices tested $81,000, ETF demand stayed heavy until Friday, and whales absorbed retail supply. The Warsh speech reintroduced rate-hike risk, ended the BTC ETF streak, and forced long liquidations—without breaking the higher range established the week before. Sticky 3.7% PCE, U.S.–Canada tariff escalation, and residual Middle East energy risk keep the macro overlay two-sided.

GLM-5.3-Flash just got 50% cheaper than Claude Opus or GPT-5.6 Sol. - official API + aggregators. - Input: $0.075, - Output: $0.25, - Cached: $0.015 Available on the official API and third-party platforms. Quietly one of the better value windows right now.

“There’s no way Bitcoin can go to $250k bro.” Really? Bitcoin is around $78,850 today. With roughly 20.075 million BTC in circulation, Bitcoin’s entire market cap is about $1.58 trillion. At $250,000 per Bitcoin? About $5.02 trillion. That means Bitcoin needs to add roughly $3.44 TRILLION in market value to get there. Sounds insane? Nvidia ended 2022 worth roughly $364 BILLION. Today Nvidia is worth about $5.10 TRILLION. That means ONE COMPANY has added roughly $4.74 TRILLION in market value since the end of 2022. Read that again. Bitcoin going from ~$78,850 to $250,000 would require only about 73% as much market-cap creation as NVIDIA ALONE has already produced since the end of 2022. And here’s the hilarious part: At $250,000 Bitcoin, the ENTIRE BITCOIN NETWORK would still be worth roughly the same as Nvidia is worth TODAY. People hear “$250,000 Bitcoin” and picture some impossible monetary event requiring the global financial system to be turned upside down. The market literally just watched ONE TECH COMPANY create more value than Bitcoin needs to add to get there. $250K BITCOIN ISN’T MATHEMATICALLY ABSURD. YOUR FRAME OF REFERENCE IS. Bullish on Bitcoin. $BTC

GLM 5.3 Flash just dropped on OpenRouter. This is Ox Alpha. The mystery model that went viral last week. Now you can run it under its real name. $0.075 input. $0.25 output per million tokens. That is cheaper than DeepSeek V4 Flash. 1M context. Multimodal. Open weights coming. A Chinese lab just dropped a frontier coding model for half the price of the cheapest model in AI. The price war is over. Open source won.

GLM-5.3-Flash is now 50% off through the official API for the next two weeks. After the discount: - Input: $0.075 - Output: $0.25 - Cached input: $0.015 The discount is also available through third-party model aggregators.

“There’s no way Bitcoin can go to $250k in 2 years bro.” Really? Using Bitcoin’s current price of about $79,200 and its circulating supply of roughly 20.075 million BTC, Bitcoin’s market cap today is about $1.59 trillion. At $250,000/BTC, using that same circulating supply for a clean apples-to-apples comparison, Bitcoin would have a market cap of roughly $5.02 trillion. That means Bitcoin needs to add about $3.43 trillion in market cap from here. That’s a price gain of roughly 215.5%. Sounds insane? Gold recently went from roughly an $18.3 trillion market cap in early 2025 to around $39 trillion at its 2026 peak. Gold added roughly $20.7 TRILLION in market value. So Bitcoin going all the way from ~$79,200 to $250,000 would require absolute market-cap creation equal to only about 16.6% of what gold just added. Read that again. Bitcoin could more than TRIPLE from here to $250,000 and the entire increase in Bitcoin’s market cap would equal roughly ONE-SIXTH of the market value gold added during its recent explosion. And even at $250,000 Bitcoin, BTC would be worth only about $5.02 trillion, or roughly 12.9% of gold’s ~$39 trillion peak market cap. Gold would still be approximately 7.8 TIMES LARGER than Bitcoin. People hear “$250,000 Bitcoin” and imagine some mathematically impossible financial event. The math says something completely different. $250K BITCOIN ISN’T EVEN CLOSE TO REQUIRING GOLD-SIZED CAPITAL APPRECIATION. Bullish on Bitcoin. bitcoin:native