Capital B raised $25M for Bitcoin treasury

Token Metrics Daily Pulse - 2026-08-28 — Treasury buyers stack BTC while total crypto cap slips 2.6%.

Lead Change

Capital B raised $25M for BTC treasury. Bitcoin sits near $79k. Adam Back chipped in.

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Market Snapshot

Metric	Value	24h Change
BTC Price	$79,068.00	▼ -0.2%
ETH Price	$2,498.00	▲ 0.3%
SOL Price	$105.00	▲ 0.1%
Total Market Cap	$2.7T	▼ -2.6%
BTC Dominance	59%	—
DeFi TVL	$89.15B	▲ 0.6%
Stablecoin Supply	$310.81B	▲ 0.3%
Fear & Greed Index	73 (Greed)	▲ +2 pts

Total crypto cap fell 2.6% while stablecoin supply grew just less than 1% and DeFi TVL edged up less than 1%. The slide shows spot demand is thin, so bounces need fresh inflows not just lazy liquidity.

Narratives Snapshot

Narrative	Value	Change (7d)	Top Gainer (7d)
Tokenized Private Credit	$22.5B	▲ 3.6%	FIGR_HELOC ▲ 1.0% 7d
Prediction Markets	$12.6B	▲ 1.6%	RAIN ▲ 20.6% 7d
Privacy Coins	$22.7B	▲ 1.5%	ZEC ▲ 25.1% 7d
Meme	$32.6B	▼ -1.5%	NPC ▲ 119.1% 7d
Artificial Intelligence (AI)	$16B	▼ -2.2%	KITE ▲ 17.1% 7d

Tokenized Private Credit led by FIGR_HELOC and Prediction Markets led by RAIN topped gains, but no today's headline explains their moves. They look like rotation or momentum with no single clear catalyst.

Signal Spotlight

Sabah FK leading at halftime?

Signal: NO Result: Won ▲ 56% gain on stake

Entry was 64% on NO; final selected-side price was 100%.

This was a resolved prediction market call, not a live recommendation. We called NO, and the market settled our way for a 56% gain on stake.
Signal tracks prediction markets across crypto, politics, sports, and more. Members get the call, the setup, and the risk context first.

See the setup, risk, and invalidation before you act.

What Prediction Markets Think

60% odds BTC tests $78k while Solana reaching $120 sits at 15%. Positioning favors downside protection over alt upside.

Market	Prob	Vol
VOLUME Will Bitcoin dip to $78k in August? Money is betting BTC dipping to $78k is more likely, up 5% in a day.	60% probability	$203K volume
VOLUME Will Solana reach $120 in August? Money gives SOL hitting $120 just 15% odds, showing weak upside bets.	15% probability	$238K volume

Data from Polymarket prediction markets • Live odds

3 Changes That Matter

1 Blockstream researchers proposed SHRINCS, a post-quantum Bitcoin signature that keeps block space intact.

Quantum risk used to mean a messy BTC upgrade. This draft keeps roughly three transactions per second of capacity while shielding keys. It's a plan, not a patch, but the threat just got less theoretical.

If a Bitcoin Improvement Proposal formalizes SHRINCS before year-end, quantum defense moves from lab to roadmap. If it stalls, the network stays exposed to future decryption.

2 Ethena put its fee switch to vote, tying ENA buybacks to USDe growth.

Protocols that share yield with token holders are rare. This ladder links buybacks to stablecoin supply, so ENA only benefits if USDe expands. It's a bet that basis trades keep paying.

If the vote passes and USDe supply climbs past prior highs in 30 days, ENA gets real support. If supply stalls, the buyback is an empty promise.

3 Moonwell lost $8.7M on Base after an attacker dodged its supply cap.

The bug let someone deposit once, then ship tokens straight to the market to inflate claims. DeFi's 'code is law' shield cracks again when caps check only on mint, not transfer.

If Base TVL dips more than 5% in a week after this, lenders will flee to audited giants. If it recovers, users shrug off another nine-figure hack.

Risk Map

01 Sentiment too comfortable

Fear & Greed at 73 (Greed). Crowds are easy, which is where dips get bought until they don't.

02 Liquidity lag

Stablecoin supply up less than 1% in 24h to $311B, but total crypto cap fell 2.6%. Fresh demand isn't absorbing the sell.

03 Scheduled supply shock

Solana inflation vote looks set to pass, cutting emission fast. Could reshuffle staking yields while casual holders sleep.

VIEW Bottom line

The read: buyers are picky because total cap fell while stablecoins barely grew and sentiment is greedy not fearful. That flips if BTC holds $79k and ETF-like flows return within a week.

Catalysts (Next 7 Days)

📅 Solana inflation vote Rolling - next 7 days

SGP-0002 looks set to pass, doubling disinflation and cutting terminal inflation path under 3 years, affecting staking yields.

📅 Bitcoin price sentiment on Polymarket Aug 30

Market bets on BTC above $83k by month-end sit at 26%, offering a measurable sentiment cue for trend confirmation.

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What to Watch Next

Watch whether BTC holds $79k into next week. The Clarity Act waits. Greed stays high. That trio decides if this bounce is real.

Sources

Disclosures

Not investment advice. For education only. Crypto is high risk. We may earn affiliate revenue from some links.