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According to CoinNess market monitoring, BTC has fallen below $80,000. BTC is trading at $79,797.61 on the Binance USDT market.

Cardano founder Charles Hoskinson said on cryptocurrency influencer David Gokhshtein’s podcast that a Cardano-based Bitcoin DeFi project has secured $500 million in preliminary investment commitments. Hoskinson said the project could attract more than $1 billion in investment as it advances. He added that the initiative aims to build a Cardano-based DeFi layer without undermining Bitcoin’s identity, creating additional yield opportunities. Hoskinson said institutional investors are expected to drive initial demand, with retail participation likely to follow. He also said the proof-verification capacity required for BTC DeFi, which was heavy in the early stages of development, has become lighter, while verification times and transaction validation costs have fallen sharply. Hoskinson added that the technology is open-source, allowing anyone to review the code, and said the ultimate goal is to create an environment where BTC holders can generate additional returns with a single click.

A proposed U.S. SEC exemption from securities registration requirements for cryptocurrencies could significantly improve fundraising conditions in the altcoin market, crypto options trading platform BIT, formerly Matrixport, said. BIT said some cryptocurrencies, including Pump.fun’s PUMP, nearly doubled in a week after the news, adding that broader market liquidity would improve further if the proposal is finalized. The SEC had previously formally proposed a rule that would exempt certain cryptocurrencies from securities law registration requirements.

Legendary U.S. hedge fund investor Stanley Druckenmiller warned that U.S. Treasury bond buybacks could instead amplify market risk, CoinDesk reported, citing a recent Wall Street Journal opinion piece by Druckenmiller. In the article, Druckenmiller said governments that try to defend asset prices against fundamentals have always failed. Druckenmiller added that higher interest rates signal risks ahead, and artificially suppressing them could undermine fiscal discipline and encourage political excess. Druckenmiller also argued that the current 10-year Treasury yield of 4.70% is a normal level reflecting nominal growth, while financial conditions remain accommodative, leaving little justification for market intervention. Druckenmiller is also known as a mentor to U.S. Treasury Secretary Scott Bessent, who previously worked as a hedge fund investor.

Monad, an Ethereum-compatible layer-one blockchain, has proposed to the community a plan to separate wallet addresses from the authentication methods used to control them, CoinDesk reported. The core idea is to let users replace lost or outdated keys without moving assets to another wallet or changing addresses. If approved, the proposal would allow Monad wallets to support passkeys, multiple signers, account recovery features, and upgrades to quantum-resistant cryptography. MON was trading up 0.76% at $0.03001, according to CoinMarketCap.

Corporate and foreign investor trading in South Korea’s virtual asset market is being conducted mostly through South Korean exchange Upbit, Monday Newspaper reported, citing data lawmaker Park Sang-hyuk of the ruling Democratic Party obtained from the Financial Supervisory Service. The report said more than half of the active corporate and foreign accounts and custodial assets registered across South Korea’s five largest exchanges — Upbit, Bithumb, Coinone, Korbit and Gopax — were concentrated at Upbit. A total of 6,590 corporate accounts were registered across the five exchanges, holding about 43.38 billion won ($32.5 million) in crypto assets. Of that, 27.08 billion won ($20.3 million), or 62.4%, was held on Upbit.

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals of XPLA at 8:00 a.m. UTC on Aug. 25.

Decred said via its official X account that an inflation bug was exploited on its mainnet between Aug. 16 and Aug. 17, resulting in the irregular creation of a total of 2,077.96933695 DCR, worth about $30,000 at current prices. The project said the issue stemmed from a code flaw and was fixed immediately through an emergency patch. Decred added the bug made double-spending possible and said it asked exchanges to temporarily suspend DCR deposits and withdrawals to prevent further damage. The project also said it monitored for any additional double-spending before the patch was rolled out and found no further irregular issuance. According to CoinMarketCap, DCR was trading at $13.98, up 0.75%, at the time of writing.

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: 51.73% long, 48.27% short - Binance: 51.25% long, 48.75% short - Bybit: 51.33% long, 48.67% short - OKX: 50.93% long, 49.07% short

Bitwise President Teddy Fusaro said BSOL, the Solana staking ETF managed by the crypto asset manager, posted a record daily trading volume of about $108 million. Fusaro added that BSOL trading volume has topped $261 million over the past four trading sessions. According to CoinMarketCap, SOL was trading at $101.78, up 8.07%, at the time of writing.

Circle minted $1 billion worth of USDC on Solana over the past 24 hours, according to SolanaFloor.

Two whale wallets believed to be controlled by the same entity closed Bitcoin long positions held for about two months around an hour ago, locking in $11.6 million in profit. The two addresses were said to have opened 300 BTC long positions each in early July, then exited the positions in three transactions during the same period today. According to CoinMarketCap, BTC was trading at $80,615.88, up 4.52%, at the time of writing.

Japan’s Financial Services Agency has asked the finance ministry for ¥40 billion ($270 million) in its fiscal 2027 budget to strengthen digital capabilities in financial administration, local media including Kyodo News reported on Aug. 24. The request is about 60% higher than the fiscal 2026 budget. The agency’s initial budget request for fiscal 2027 includes plans to build an AI-based market surveillance and monitoring system and support a transition to post-quantum cryptography, according to the reports. It also includes measures to strengthen oversight of cryptocurrency service providers and increase specialist staffing for cyber security and advanced AI-related risk responses.

U.S. spot Ethereum ETFs recorded $115.57 million in net inflows on Aug. 24, according to SoSoValue, extending the streak to six consecutive trading sessions. No ETF posted net outflows. - BlackRock ETHA: +$90.92 million - Grayscale ETH: +$12.50 million - Fidelity FETH: +$6.76 million - Bitwise ETHW: +$880,000 - VanEck CBOE: +$4.51 million

U.S. spot Bitcoin ETFs recorded net inflows of $337.56 million on Aug. 24, marking a sixth consecutive trading day of net inflows, according to SoSoValue. No ETF posted net outflows. - BlackRock IBIT: +$208.93 million - Fidelity FBTC: +$104.57 million - Grayscale BTC: +$16.36 million - Bitwise BITB: +$3 million - VanEck HODL: +$3.34 million - Morgan Stanley MSBT: +$1.36 million

Bitcoin’s recent rally suggests investment capital concentrated in AI-related stocks is beginning to flow out, BeInCrypto reported. Bill Miller IV, CIO of Miller Value Partners and a hedge fund veteran, told CNBC that as doubts grow over returns from AI-related stocks, long-term investors are turning back to crypto. Miller added that Bitcoin is drawing not only capital previously allocated to AI investments but also rising attention as a structural hedge against growing government debt and a weaker dollar. Miller said the U.S. fiscal deficit, at $1.8 trillion this year, now exceeds Bitcoin’s market capitalization.

An address believed to be tied to Chinese investment firm Longling Capital, starting with 0x2a2b, deposited 65 million WLFI worth $3.79 million into Binance, EmberCN reported. Exchange deposits are typically interpreted as intended for selling.

Japan-listed Bitcoin treasury company Metaplanet deposited 1,000 BTC worth $79.77 million to Coinbase Prime an hour ago, according to Lookonchain. While exchange deposits are typically interpreted as a sign of potential selling, Coinbase Prime is a prime brokerage platform offering trading, custody, and financing services for institutional investors, indicating the transfer may have had other purposes as well. Metaplanet holds a total of 43,000 BTC, with an average purchase price of $96,191.

Strategy’s unrealized gain on its Bitcoin holdings has surpassed $4.01 billion as Bitcoin rises. The company currently holds 840,447 BTC with an average purchase price of $76,029.

Blockchain analytics firm TRM Labs said Iran’s Mabna Institute has moved about $16.8 million worth of cryptocurrency since 2018 using 30 Bitcoin, Ethereum (ETH), and TRON (TRX) addresses. Mabna is currently accused of leading organized hacking-for-hire campaigns on behalf of Iran’s Islamic Revolutionary Guard Corps (IRGC) and other Iranian clients. TRM Labs added that U.S. prosecutors have charged 17 members of the group and alleged five of them took part in the HBO hack, in which about $6 million worth of Bitcoin was demanded as ransom.

Zcash (ZEC) has climbed to 10th among all cryptocurrencies by market capitalization, overtaking Dogecoin (DOGE). According to CoinMarketCap, ZEC’s market cap currently stands at $14.48 billion, while ZEC was trading at $859.74, up 68.43% over the past seven days.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $335.38 million liquidated (83.94% shorts) - ETH: $151.68 million liquidated (74.62% shorts) - SOL: $22.57 million liquidated (68.59% shorts)

Taiwanese singer Jeffrey Huang, also known as Machi Big Brother, has increased collateral 200-fold and still holds more than $100 million in long positions, according to Lookonchain. An address believed to belong to Huang, starting with 0x020cA, currently holds a 23,350 ETH long position worth $59 million on 25x cross margin and a 668 BTC long position worth $54 million on 40x cross margin. The average entry prices are $2,429.61 for ETH and $79,291.6 for BTC, with liquidation prices at $2,084.39 and $65,541.33, respectively. Lookonchain said Huang’s collateral had at one point fallen to under $60,000 after a series of liquidations. The estimated collateral now stands at $11.62 million.

Binance’s BTC holdings in its SAFU fund, which was launched as a user protection fund, are currently showing a 21.5% return, on-chain analyst ai_9684 xtpa said. The Binance SAFU fund bought 15,000 BTC in February, and based on the fact that it deployed $1 billion at the time, the implied average purchase price comes to $66,666. With BTC now at $81,000, the gain stands at 21.5%.

CryptoQuant Head of Research Julio Moreno said Bitcoin’s final resistance, or “final boss,” stands at the 365-day moving average on the daily chart at $83,000. BTC was trading at $80,868, up 2.38% from yesterday.