MEXC Alpha Trader – Industry Daily (August 17, 2026)

I. Macro & Market Sentiment

(Market Data)

· BTC Price: $63,069 (24h +0.08%), with the price consolidating within a narrow range

· Funding Rate: +0.0063%, remaining positive but at a low level

· Fear & Greed Index: 37 (Fear), indicating cautious market sentiment

(Key Events Ahead)

· No major macro events tonight

II. Trading Signals / Hotspots

(S&P 500 · Earnings-Driven)

· Q2 earnings among S&P 500 constituents grew 31% year-over-year, far exceeding expectations of 23%. This marked the strongest growth since 1992, excluding post-recession recoveries. Net profit margins rose from 14% to nearly 16%, with more than 90% of constituents having reported earnings.

· Key Catalyst: AI is transitioning from a cost center to a profit center, driving substantial improvements in corporate profitability. Wall Street raised its year-end target to 7,894 points, while the forward 12-month P/E ratio declined from 26x to 22x.

(BTC / Crypto Market · Extreme Sentiment)

· BTC traded at $63,069 (24h +0.08%), with the Fear & Greed Index at 37 (Fear). Harvard’s endowment held 3.0446 million shares of BlackRock’s Bitcoin ETF, IBIT, in Q2, valued at $101.4 million. The position remained unchanged from Q1, ending two consecutive quarters of reductions, while the fund fully exited its Ethereum ETF position.

· Key Catalyst: A top-tier institution halting reductions in its Bitcoin ETF holdings reflects stabilization at the allocation floor. However, the complete exit from its Ethereum ETF position highlights ETH’s relative weakness and diverging institutional allocation preferences.

(Energy Sector · Geopolitical Hedge)

· The Strait of Hormuz standoff continues to escalate, with intense confrontation between the US and Iran. Neither side is likely to make major concessions in the short term, and analysts believe the stalemate will persist unless the US launches large-scale military strikes.

· Key Catalyst: An escalating standoff in the strait may affect global energy supplies and inflation expectations, boosting risk-off sentiment.

III. Capital Flows / Anomalies

· Harvard University’s endowment fund held SpaceX shares valued at $2.21 billion in Q2, making them its largest holding. Its gold ETF holdings totaled $171.2 million, significantly higher than the $101.4 million held in its Bitcoin ETF, while it fully exited its Ethereum ETF position. Institutional capital allocation shows that precious metals and technology stocks remain core holdings, with clear divergence in crypto asset allocation.

IV. Regulation & Major Events

(Regulation / Sanctions / Licenses)

· Galaxy Research Director Alex Thorn lowered the estimated probability of the CLARITY Act passing in 2026 to 10%. Core obstacles include ethical restrictions on government officials’ involvement in the crypto industry, opposition from community banks, and controversies surrounding developer protection clauses. The Senate will have only a two-to-three-week working window after its mid-September recess, while the SEC’s Regulation Crypto and innovation exemption measures have also been delayed again. Obstruction of the legislative process will prolong the period of policy uncertainty.

(Others)

· Ethereum researcher Justin Drake announced that the Ethereum Foundation had decided to abandon Poseidon, a SNARK-friendly hash algorithm that had received eight years of development and tens of millions of dollars in investment at the L1 level. Ethereum will instead adopt traditional hash functions such as SHA-2 or BLAKE2, primarily because of limitations in Poseidon exposed by post-quantum security requirements. This major adjustment to Ethereum’s technical roadmap may influence technology choices for Layer 2 solutions such as zkRollups and zkVMs.

V. Platform Exclusive Benefits

〔Global/Universal〕

· Mid-Platform - Upgrade User Rewards Hub Tasks - August (Futures)

· Alpha User August Merchandise Benefits Collection Page (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: SEC cancels crypto rule meeting, further delaying exemptions

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