Abracas Capital, which had taken short positions, is currently experiencing a total loss of $244.78 million
According to On-chain Lands, Abracas Capital opened short positions on BTC, ETH, SOL, HYPE, and SUI during a bullish market and is currently recording an unrealized loss of $244.78 million. It was revealed that a loss of $188.7 million occurred from the ETH short position alone.
OKX burns 65.25 million OKB
According to multiple foreign media outlets, OKX announced that it will burn 65.25 million OKB. After the burn, the OKB supply will be fixed at 21 million. According to CoinMarketCap, OKB is currently trading at $70.90, up 53.7%.
Bifrost begins joint design of 'BTC operation standard' with SBI
According to the Korea Economic Daily, SBI Digital Finance, a subsidiary of SBI Holdings, Japan's largest comprehensive financial and fintech group, has partnered with blockchain infrastructure company Bifrost. The two companies have begun a development consultation to explore new utilization models for Bitcoin-backed stablecoin BtcUSD and jointly design a BTC operation standard that complies with Japanese Financial Services Agency (FSA) regulations.
Solana TVL recovers to $11 billion... largest in 3 years
Unfolded reported that Solana's Total Value Locked (TVL) has exceeded $11 billion, reaching its highest level in three years, citing DeFi Llama data.
ETH market cap recovers to $550 billion... first time since November 2021
According to CoinGecko data, Ethereum's (ETH) market capitalization has recovered to $550 billion (approximately 760.76 trillion won). This is the first time since November 2021. ETH is currently trading at $4,621.38, up 7.4%.
US Department of Justice seizes $1 million in cryptocurrency from ransomware group BlackSuit
According to Cointelegraph, the US Department of Justice has seized cryptocurrency worth $1 million from the ransomware group BlackSuit. Additionally, the Department of Justice has closed BlackSuit's servers and domains. BlackSuit and its predecessor ransomware group Royal have extorted a total of $370 million from over 450 victims since 2022.
US Bank Policy Institute urges resolution of GENIUS Act 'loopholes'
According to Cointelegraph, the US Bank Policy Institute (BPI) has urged resolving loopholes in the stablecoin regulation law GENIUS. In a letter submitted to Congress, BPI emphasized that the GENIUS Act prohibits stablecoin issuers from paying interest but does not apply to exchanges or affiliated companies. If this loophole is not closed, there is a possibility of a $6.6 trillion traditional bank deposit outflow. Stablecoins are different from bank deposits and money market funds that generate revenue through loans and securities investments, and interest payments should not be allowed through any route.
Anonymous whale sells $90.44 million in ETH
According to Amber CN, the anonymous whale '7 Siblings' swapped 19,957 ETH for $90.44 million in USDC. This whale purchased 100,000 ETH at an average price of $2,270 on August 5th and currently holds 280,000 ETH (worth $1.3 billion).
339,175,331 USDC transferred... Anonymous โ Binance
According to Whale Alert, 339,175,331 USDC was transferred from an anonymous address to a Binance address. The amount is approximately $340 million.
300,000,000 USDT transferred... Aave โ HTX
According to Whale Alert, 300,000,000 USDT was transferred from an Aave address to an HTX address. The amount is $300 million.
Animoca and Provenance begin developing real-world asset market
Animoca Brands and Provenance Blockchain Labs announced a partnership to develop an on-chain marketplace called 'NUVA' that connects real-world asset (RWA) issuers and investors. NUVA will be built on the Provenance Blockchain, which has recorded over $15.7 billion in tokenized assets, and is scheduled for release in the fourth quarter.
LumiWave announces mainnet launch in January next year
Sui-based LumiWave (LWA) announced through its official Medium that it plans to launch its mainnet in January next year. This year, they will begin DAO voting and infrastructure expansion in the third quarter, and release the publishing layer alpha version and expand token utility in the fourth quarter.
Individual investor donates first BTC to Red Cross, plans immediate cash conversion
According to the Korea Ilbo, the first individual high-value cryptocurrency donor has emerged. The Korean Red Cross announced that an individual investor named Kim donated 1 BTC. This is the first cryptocurrency donation by an individual since the Financial Services Commission allowed non-profit organizations to convert cryptocurrency donations to cash in June. The donated Bitcoin will be immediately converted to cash according to government guidelines and used entirely for disaster recovery and medical support for vulnerable populations.
Binance lists BFUSD
Binance announced through its official website that it will list BFUSD on August 13th at 23:00 (Korean time).
Binance Alpha adds TCOM
Binance Alpha announced the addition of TCOM. Binance Alpha is an on-chain trading platform within the Binance Wallet, focusing on listing early-stage coins. Alpha coins may be listed on Binance spot and perpetual futures in the future, but this is not 100% guaranteed.
Binance Alpha adds PUBLIC
Binance Alpha announced the addition of PUBLIC. Binance Alpha is an on-chain trading platform within the Binance Wallet, focusing on listing early-stage coins. Alpha coins may be listed on Binance spot and perpetual futures in the future, but this is not 100% guaranteed.
Binance delists 3 spot trading pairs
Binance announced that it will delist the ANIME/FDUSD, HYPER/FDUSD, and STO/BNB spot trading pairs on August 15th at 12:00 (Korean time).
Upbit temporarily suspends Vera Chain deposits and withdrawals
Upbit announced that it will temporarily suspend deposits and withdrawals through the Vera Chain network starting from 18:00 on August 27th due to a network upgrade.
Arthur Hayes Buys Additional $1.46 Million ENA
BitMEX co-founder Arthur Hayes reportedly purchased an additional $1.46 million worth of ENA tokens 11 hours ago, according to on-chain analyst ai_9684xtpa. He has been accumulating Ethereum ecosystem tokens totaling $11.26 million since the 10th (local time).
Long-Short Ratio of BTC Perpetual Futures at Top 3 Exchanges
The long-short position ratio of BTC perpetual futures over the past 24 hours at the world's top 3 cryptocurrency futures exchanges is as follows:
Overall Exchanges: Long 50.08% / Short 49.92%
1. Binance: Long 49.41% / Short 50.59%
2. Bybit: Long 50.24% / Short 49.76%
3. Gate.io: Long 48.77% / Short 51.23%
SOL Recovers to $200
According to Coinness market monitoring, Solana (SOL) temporarily recovered to the $200 level. Currently, SOL is trading at $199.5 on the Binance USDT market, up 13.49%.
BTC Falls Below $119,000
According to Coinness market monitoring, BTC has fallen below $119,000. BTC is currently trading at $118,964.36 on the Binance USDT market.
