Bitcoin rebounds after falling below $113,000, hitting a new low in over two weeks: According to a report from Wall Street Insights, Bitcoin fell below $113,000 during trading on August 21, reaching a new low not seen in over two weeks, and subsequently rebounded over $2,000.

MicroBit's Bitcoin and Ethereum spot ETFs listed today on the Hong Kong Stock Exchange: According to Zhitung Finance, MicroBit's Bitcoin spot ETF (03430) and Ethereum spot ETF (03425) began trading on the Hong Kong Stock Exchange on August 21 and were approved for inclusion in the designated securities for short selling, with both ETFs charging a management fee of 0.5% of net asset value per year.

Mingcheng Group announces purchase of 4,250 Bitcoins: According to Crypto Silent Night, Mingcheng Group has signed a Bitcoin purchase agreement and plans to acquire 4,250 Bitcoins.

LM Funding raises $23 million to accelerate Bitcoin strategy: LM Funding America announced the completion of approximately $23 million in financing, with the funds primarily used to purchase more Bitcoins and strengthen the company's Bitcoin treasury. The company currently holds 150 Bitcoins and has a mining capacity of 26 megawatts.

Analysis

Bitcoin prices have been highly volatile recently. After reaching an all-time high of $123,500 last week, it has continued to pull back, with a significant drop and subsequent rebound noted on August 21. This may be due to investors cashing in after Bitcoin reached high levels. From the perspective of fund flows, institutions still have a demand for Bitcoin allocation, as evidenced by the purchasing behavior of companies like Mingcheng Group and LM Funding America. The listing of new Bitcoin spot ETFs on the Hong Kong Stock Exchange also suggests that investment channels for Bitcoin are continuing to expand, which may provide long-term support for prices. However, investors should also pay attention to Federal Reserve Chairman Powell's speech at the Jackson Hole Economic Symposium on Friday, as it may introduce new variables to market monetary policy expectations and subsequently impact Bitcoin's price movements.