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BitMEX co-founder Arthur Hayes said ETH is likely to outperform all other major altcoins in the current cryptocurrency market rebound. Speaking on the Altcoin Daily YouTube channel, Hayes said ETH has the largest developer community and DeFi ecosystem, adding that if Bitcoin reaches $200,000 within the next five years, ETH could climb as high as $30,000 and BTC dominance could fall to 40%. Hayes also said BTC could reach $126,000 by year-end, while a policy pivot by the U.S. Federal Reserve could open the way for a sharper rally. He added that excessive U.S. government debt and Treasury issuance would ultimately lead to Fed liquidity provision, and argued BTC serves as a refuge from declining fiat currency values. At the same time, Hayes said the CLARITY Act, a U.S. crypto regulatory bill now being pushed in the United States, could instead hamper innovation.

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals of Conflux (CFX) at 9:00 a.m. UTC on Aug. 24.

Solana’s daily network fee revenue recovered to $1 million on Aug. 19, marking the highest level in the past six months, Crypto Briefing reported. The outlet said the increase came amid a surge in on-chain activity. In the Solana ecosystem, the network fee metric is commonly referred to as REV and includes base fees, priority fees, and MEV tips combined. Solana-based applications also generated $82.9 million in revenue in July, the highest level since February. According to CoinMarketCap, SOL was trading at $94.05, up 0.93%.

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for Conflux (CFX) at 9:00 a.m. UTC on Aug. 25.

Bernstein maintained an Outperform rating on Circle (CRCL) and kept its price target at $140, The Block reported. Bernstein cited Circle shares' current rally as having little correlation with progress on the CLARITY Act, a $1.7 billion increase in USDC supply last week, and USDC’s expanding share of stablecoin trading volume.

Cumulative stablecoin loads on crypto cards reached $13.8 billion as of August 2026, up by about $10 billion over the past 12 months, according to CryptoRank. Monthly card spending also kept rising even during periods of weakness in the crypto market. By chain, Base led with $1.2 billion in cumulative payment volume, followed by Solana (SOL) at $635 million, Polygon (POL) at $544 million, Optimism (OP) at $509 million, Scroll (SCR) at $369 million, Ethereum (ETH) at $354 million, and Arbitrum (ARB) at $315 million.

About $408.3 million in short positions across major centralized exchanges would be liquidated if BTC rises above $78,180, according to CoinGlass data. If BTC falls below $76,500, about $375.15 million in long positions would be liquidated.

Bitcoin open interest has been falling, indicating lower leverage, according to Santiment. Santiment said BTC rose from $63,500 to $77,700 between Aug. 12 and Aug. 18, while open interest fell 11% to around 312,600 BTC on Aug. 23 from about 353,500 BTC before the rally. The analytics firm added that this was measured in BTC terms, while U.S. dollar-denominated open interest rose about 8%. As the price climbed more than open interest did, open interest declined only in BTC terms. Unlike prior moves, Santiment said BTC’s gains were driven by spot buying, while many futures positions were cleared out during the rally.

BNB Smart Chain will implement the Pasteur hard fork at 2:30 a.m. UTC on Aug. 25, with the upgrade focused on strengthening validator and cross-chain security while improving network throughput, U.Today reported. In a test environment, transactions per second rose to 2,324 from 1,237, although the same level of performance improvement is not guaranteed on the mainnet.

South Korea’s National Assembly National Policy Committee will review a bill requiring influencers to disclose their virtual asset holdings at a full committee meeting, Digital Asset reported. The South Korean National Assembly’s Political Affairs Committee plans to place the amendment to the Virtual Asset User Protection Act, introduced by Democratic Party lawmaker Kim Seung-won, on the agenda at a 1:00 a.m. UTC meeting on Aug. 26. The bill is intended to let users determine whether finfluencers have conflicts of interest. The agenda also includes a revision to the Act on Reporting and Using Specified Financial Transaction Information aimed at preventing incidents like Bithumb’s mistaken BTC over-crediting case and another amendment that would abolish the one-exchange, one-bank rule.

As Bitcoin has risen 30%, fresh capital has also flowed into the market, suggesting the rally is being built on a firmer foundation without an expansion in leverage, CryptoQuant contributor Woo Minkyu said.

Most Bitcoin short-term holders have moved back into profit, while the amount of BTC they are sending to exchanges has also increased, potentially raising selling pressure, according to an analysis by on-chain analyst Axel Adler Jr. In a blog post, Adler said the share of short-term holder supply in profit rose to 74.9% from 26.1% on Aug. 17. At the same time, short-term holder exchange inflows increased to positive 28,600 BTC on Aug. 24 from negative 18,700 BTC on Aug. 16. Adler added that if the exchange inflow indicator remains above 25,000 BTC, the share of profitable supply moves closer to 90%, and the price uptrend slows, the risk of short-term overheating and profit-taking could increase. By contrast, if the share of profitable supply stays above 50% while exchange inflows move closer to zero, that could point to a healthier correction.

CryptoQuant contributor Darkfost said a bull-bear market indicator has just entered the early stage of a bull market. Darkfost added it was not a perfect signal, but it showed market conditions had improved significantly and warranted close monitoring over the next few weeks.

No project received an excellent grade of A- or higher in an evaluation of 81 domestically developed digital assets listed on South Korean exchanges, Digital Asset reported. According to a themed page on domestic digital assets by digital asset rating platform Apy, the highest-rated token was Story (IP) with 78.91 points, or B+, while more than half of the reviewed projects received grades of C+ or lower.

As AI lowers the cost of producing and replicating software, content and analysis, Bitcoin’s scarcity value is likely to rise further, Simon Gerovich, CEO of Japan-based BTC accumulation company Metaplanet, said on X. Gerovich said AI is sharply reducing production and replication costs, and in a world where supply can be expanded easily, assets whose supply cannot be increased regardless of how much intelligence is applied will become more valuable. Gerovich added BTC’s 21 million supply cap is not set arbitrarily but guaranteed by network rules. Gerovich also said Japanese households have experienced a decline in currency value over a generation, adding BTC, which cannot be replicated or diluted, is the scarcest asset in an age of abundance.

Ethereum may continue to outperform Bitcoin after the ETH/BTC chart recently formed a golden cross, a strong bullish signal, CoinDesk reported. ETH has risen 25% against BTC since hitting a low on June 6, extending its relative uptrend since early June. CoinDesk said historical data showed ETH surged 93% against BTC in February 2021, when a golden cross previously appeared. The outlet added caution is still warranted, as the signal could turn out to be a bull trap.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows a volume heatmap, while the lower section represents cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level. The background becomes brighter when the price stays within a specific range for an extended period or makes a large move. Brighter areas may act as support or resistance. - The CVD indicator shows buy and sell orders by capital size. As buy orders increase, the line for the corresponding color rises. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

An address believed to belong to Ceffu, Binance’s institutional custody platform, deposited 136.54 million USDC into Binance over the past 30 minutes and then withdrew 1,524 BTC ($117.89 million) and 59,484 ETH ($145.92 million), according to Lookonchain.

TRON’s cumulative account total has surpassed 400 million, Lookonchain reported. According to TRONSCAN data, the number of wallet and contract accounts with transfer records on the TRON network now stands at more than 400.21 million.

South Korea’s Financial Services Commission Chairman Lee Eog-weon said the government will step up discussions on a second-stage digital asset bill related to stablecoins, speaking at a full session of the National Policy Committee on Aug. 24, Edaily reported. The remarks came in response to a question from Democratic Party lawmaker Lee Kang-il, and Lee also said he would make every effort to have the government submit its proposal in the fall.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.17% long, 49.83% short - Binance: 50.6% long, 49.4% short - OKX: 50.21% long, 49.79% short - Bybit: 51.5% long, 48.5% short

Real Vision crypto market analyst Jamie Coutts said the market also needs opposing views, defending Bloomberg Intelligence Senior Commodity Analyst Mike McGlone, who has recently faced criticism for his bearish outlook on Bitcoin. In a post on X, Coutts said McGlone had supported BTC even before Coutts worked as a crypto analyst at Bloomberg, and was among those who early on predicted in 2019 that stablecoins would become the next major trend. Coutts added McGlone was far more bullish at the time than he is now, and argued that if people cannot freely share different views, it can no longer be called a market. McGlone recently said Bitcoin could fall toward its long-term average of around $10K.

Financial institutions and regulators in Europe, the Middle East and Asia have begun testing cryptocurrency wallet and onchain transfer technology designed to withstand quantum computing attacks, Cointelegraph reported. The initiative is being led by the Responsible Fintech Institute and crypto custody infrastructure provider Safeheron, with participating regulators including Abu Dhabi Global Market, Bhutan’s Gelephu Financial Services Authority and the Malta Financial Services Authority, as well as Bison Bank and DKBANK. The institutions are testing wallet creation and asset transfers on a quantum-resistant NEAR testnet using multiparty computation technology that supports ML-DSA-65, a quantum-resistant digital signature standard established by the U.S. National Institute of Standards and Technology.

Six of eight chart analysts affiliated with CoinNess expect Bitcoin to rise this week, while two forecast a decline. The highest target price is $85,000 and the lowest is $73,000. Note: Vote through the link for the price direction and target range closest to your own view. We will give coffee vouchers to 100 selected participants through a drawing.

Crypto wallet service IZAKA-YA has temporarily suspended transfers and withdrawals for some accounts as part of an investigation into transactions suspected of involving money laundering, Japanese media outlet Nada News reported. The Hong Kong-based operator said on Aug. 24, "불법 자금 유입이나 자금세탁이 의심되는 일부 거래가 확인돼 조사가 필요한 계정의 송금 및 출금을 중단했다".