24/7 Blockchain industry dynamics and breaking crypto news
On August 13, the USD/JPY pair experienced a sharp intraday drop of nearly 30 pips to 159.36. Market rumors suggest the Bank of Japan may raise interest rates in September or October, fueling volatility and boosting the yen's short-term strength.
Read MoreOn-chain data reveals a whale, DoshiAtoll, has opened a massive 40x leveraged short position on Bitcoin worth $136 million (2,135 BTC) on Hyperliquid, becoming the platform's largest bearish bet. The position's liquidation price near $64,592 is now a key level watched by the market.
Read MoreHarmony blockchain provides an update on the massive ONE token minting anomaly. The network has activated a fix and reached consensus with validators and exchanges on a rollback plan. Details on the over 3 trillion ONE tokens involved and attacker wallet lists are forthcoming.
Read MoreZero-knowledge privacy blockchain Miden plans to launch USDCx, a fully anonymous stablecoin backed 1:1 by Circle's USDC, alongside its mainnet launch this month. Utilizing client-side proving, it keeps balances, counterparties, and transaction history completely private.
Read MoreU.S. spot Bitcoin ETFs recorded a net outflow of $61.1 million yesterday, signaling potential shifts in short-term investor sentiment. This movement highlights changing dynamics in crypto-linked investment products.
Read MoreZerohash's application for a national trust charter was returned by the OCC, making it the sole exclusion in a recent wave of approvals. The OCC cited material deficiencies, while the company calls it an administrative step. The move signals tighter scrutiny on crypto ventures.
Read MoreUS spot Ethereum ETFs saw a surprising $7.4 million net inflow on August 13, reversing recent outflow trends. This shift suggests renewed investor confidence in Ethereum's fundamentals amid market volatility, potentially signaling a change in sentiment.
Read MoreMidday updates highlight macro and crypto shifts. US budget deficit surges as 10-year Treasury yield falls below 1.7%, signaling bond market sentiment change. Glassnode notes Bitcoin may be in late-stage bear compression, but demand signals are absent. Zhipu joins MSCI China Index; Uniswap founder addresses test token fees; Metaplanet clarifies BTC transfer as routine.
Read MoreGlassnode reports Bitcoin is in a late-stage bear market compression, with spot volume at multi-year lows. While selling pressure is fading, buyer demand remains absent. The key levels to watch are $68.7k resistance and $58.5k support. A genuine demand catalyst has yet to emerge.
Read MoreSequoia Capital and Wellington Management are in advanced talks to invest in prediction market platform Kalshi, a deal that could value the company at around $40 billion. Wellington would join as a new investor, though terms are not yet finalized.
Read MoreOKX will list DOS token for spot trading on August 13. DOS powers DappOS, a Web3 AI operating system designed to integrate research, content creation, and on-chain execution into a unified platform. Deposits are now open.
Read MoreOn-chain data reveals a whale deposited 60,000 HYPE tokens to Hyperliquid on Aug 13, selling 31,560 for $1.77M. The address still has 40,000 HYPE in active TWAP sell orders and moved $1.67M USDC to Coinbase, raising concerns about sustained selling pressure.
Read MorePools.fun, a token launch platform, is set to release its official protocol token. 30% of all protocol fees will fund token buyback and burn. An airdrop and points system will reward users based on trading and deployment volume. Fee accumulation has already begun.
Read MoreThe CFTC warns that trading incentive programs may facilitate false trading and market manipulation. It highlights deficiencies in recent rule filings and clarifies procedural and substantive requirements for compliance reviews under relevant regulations.
Read MoreUniswap's founder Hayden Adams responded to the discovery of test tokens from pools.trade by revoking all creator fees and activating an auto-buy-and-burn contract. The platform is considering extending this feature to other deployers, demonstrating proactive governance.
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