Bitcoin crossed $80,000 on the night of August 24-25, a first since May, with a short squeeze liquidating over $240 million in selling positions within an hour, before dropping back below that level. The SEC transmitted its crypto custody rule reform to the White House, with the contents remaining confidential. In France, INSEE revised second-quarter growth to zero, signaling a recession risk. Nvidia reported $96.2 billion in revenue, doubling year-over-year.
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