Bitcoin and Ether bears get decimated amid 'squeeze-led' rally and Musk's X wants to pay creators in stablecoins: Crypto week in 5 stories

AI Summary Bitcoin and crypto staged their strongest rally in months as Treasury intervention, regulatory moves and a historic short squeeze collided, while banks and technology companies pushed deeper into stablecoins. fulltext: 208 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.coindesk.com/business/2026/08/22/bitcoin-and-ether-bears-get-decimated-amid-squeeze-led-rally-and-musk-s-x-wants-to-pay-creators-in-stablecoins-crypto-week-in-5-stories Source: CoinDesk