Live Feed

Swan Bitcoin CEO Cory Klippsten said BTC, like gold, is difficult to value using traditional methods, which can make its price highly sensitive to shifts in demand. In a post on X, Klippsten said companies can be valued against future cash flows, bonds against interest and principal, and real estate against rental income, but BTC lacks a comparable benchmark. Gold prices are heavily shaped by how much wealth people want to store in gold, he said, adding that BTC has this trait to an even greater degree as demand comes almost entirely from monetary use and new issuance does not increase when prices rise. As a result, a sudden jump in demand can drive prices sharply higher until existing holders begin selling, Klippsten said. He added that BTC’s recent rise from about $64,000 to above $80,000 in about a week reflected that process, while it remains impossible to determine objectively whether $80,000 is expensive or cheap.

Russia’s major telecom operators MTS, Rostelecom and MegaFon plan to introduce digital ruble payments starting Sept. 1, Bits.media reported, citing Vedomosti. MTS will support digital ruble payments across all services linked to MTS Pay, while Rostelecom plans to begin with one-time payments on its official website before expanding usage. MegaFon also plans to add the digital ruble as an additional payment option. In Russia, large companies must be able to process digital ruble payments from Sept. 1, and apps from 12 major banks will also offer a function to open digital ruble wallets.

Binance announced it will temporarily suspend deposits and withdrawals on the Ethereum network starting at 5:55 a.m. UTC on Aug. 27 as it carries out wallet maintenance.

U.S. spot Ethereum ETFs recorded a net inflow of $179.8 million on Aug. 25, marking a seventh straight trading day of net inflows, according to SoSoValue. - BlackRock ETHA: +$146.44 million - Fidelity FETH: +$25.75 million - BlackRock Staking ETHB: +$7.61 million

U.S. spot Bitcoin ETFs recorded $314.37 million in net inflows on Aug. 25, extending their winning streak to seven trading days, according to SoSoValue. No ETF posted net outflows. - BlackRock IBIT: +$284.42 million - Fidelity FBTC: +$15.45 million - Grayscale BTC: +$6.98 million - Bitwise BITB: +$3 million - Morgan Stanley MSBT: +$4.52 million

An address believed to belong to Tron founder Justin Sun has requested the withdrawal of 5,000 stETH worth $12.3 million on Lido to convert it back into ETH, on-chain analyst ai_9684xtpa said. It marks the first unstaking request since July 18, 2025. Sun is currently staking about 243,000 stETH worth $600 million.

A call has emerged at South Korea’s National Policy Committee to hold a public hearing on a basic law for digital assets as soon as possible. Edaily reported Min Byoung-dug, a Democratic Party lawmaker, said at the committee on Aug. 26 that legislation related to stablecoins and digital financial innovation should not be delayed further, adding that an urgent public hearing is needed because the digital asset basic law would be a new standalone law. Min cited U.S. efforts to establish a legal framework for stablecoins and the inflow into South Korea of won-denominated stablecoins issued overseas as reasons to speed up the legislation.

People Power Party leader Jang Dong-hyeok said the party will share its position after discussing cryptocurrency taxation policy at a workshop on Aug. 27, Digital Asset reported. Jang also said the party had maintained a stance on digital assets, but had not responded clearly to policies pushed by the Democratic Party or the Lee Jae-myung administration, adding that standing committees would hold in-depth discussions on the issue at the workshop. The government’s position is to begin taxing digital-asset income from Jan. 1, 2027. Within the Democratic Party, there is no clear opposition to the plan.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $135.87 million liquidated (85.85% longs) - ETH: $74.92 million liquidated (83.06% longs) - XRP: $21.22 million liquidated (93.38% longs)

A public petition on South Korea’s National Assembly platform calling for a two-year delay to crypto taxation has drawn more than 5,000 signatures. The petition, titled a petition on a two-year delay to crypto taxation, was registered on Aug. 17 and argued crypto taxation would reduce taxes that can actually be collected rather than raise revenue. It also pointed to a sharp drop in corporate tax paid by exchanges including Dunamu. The petition added that most investors are in the red, and pushing ahead with taxation while domestic crypto-related companies are struggling would lead to a loss of support among younger voters and deprive them of opportunities. The signature period began on Aug. 21 and runs through Sept. 20.

Zcash could expand its market share on rising demand for financial privacy in the AI era, and its current valuation remains undervalued, according to Grayscale Research head Zach Pandl. Pandl said Bitcoin has strong network effects, accounting for 93% of the market capitalization of the “currency” category in Grayscale’s internal crypto classification, but argued Zcash offers differentiated features from BTC, including financial privacy, development aimed at preparing for quantum computing threats, and connectivity with other blockchains. He added that although ZEC has risen around 19-fold over the past year, its market capitalization is still under 1% of Bitcoin’s, indicating those features have not yet been fully priced in. Pandl also cautioned that investing in ZEC carries high risk and does not guarantee a continued price increase even if the project succeeds.

An anonymous whale starting with 0x3527 sold its entire holding of 301,937 HYPE worth $24.4 million, realizing a profit of more than $5.3 million, according to Lookonchain. The whale had bought HYPE at an average price of $63 between May and July.

Grayscale’s Zcash spot ETF, ZCSH, recorded $14.8 million in trading volume on its first day listed on U.S. markets and closed down 1.54% at $63.10. The fund was up more than 3.5% at one point during the session. ZCSH is the first spot ZEC ETF, and Grayscale has also previously operated a Zcash trust.

U.S. prediction market platform Kalshi said in a U.S. SEC filing on Aug. 25 that it raised about $1.12 billion through a private stock offering launched in April. The filing also said Kalshi could raise an additional $380 million, according to The Block. In May, Kalshi raised $1 billion in a Series F round led by Coatue at a $22 billion valuation.

Uniswap founder Hayden Adams said real-world asset tokenization is dismantling traditional market-making structures and could make automated market makers, or AMMs, central to financial markets. In a post on X, Adams said tokenization is going beyond a simple infrastructure upgrade and is fundamentally changing both liquidity providers and the assets being traded. Adams added the U.S. SEC has approved stock token trading by Nasdaq and the New York Stock Exchange, while the Depository Trust & Clearing Corporation has also conducted live trading tests. Unlike traditional market makers, blockchains are making capital more fluid, Adams said. Adams added a Uniswap pool on the previously launched Robinhood Chain, consisting of 10 stock tokens and SPY, an ETF tracking the S&P 500, recorded $33 million in trading volume in 12 days. Adams described AMMs as an early-stage technology with significant room for development.

An anonymous new address beginning with 0x1366 withdrew 28,980 HYPE worth $2.38 million from FalconX, according to Onchain Lens. Exchange withdrawals are typically interpreted as a sign of holding intent.

According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,000 on the Binance USDT market.

Decentralized exchange Aster announced the listing of perpetual futures for TMX, the native token of DeFi fixed-rate, fixed-term lending protocol TermMax. The listing adds support for TMX/USDT trading, and Aster is running a promotional trading campaign to distribute a total of $50,000 worth of ASTER. The campaign runs until 2:00 p.m. UTC on Sept. 1, with rewards to be distributed based on each participant’s share of trading volume. TermMax has been operating across 10 blockchains since its mainnet launch in April 2025, and its total value locked stands at about $91 million.

South Korea’s Financial Services Commission plans to submit a government proposal for the Basic Digital Asset Act in early September through legislation sponsored by Rep. Yoo Dong-soo of the ruling Democratic Party, who chairs the National Assembly’s Political Affairs Committee, The Herald Business reported. The proposal is understood to be taking shape around applying the same major shareholder ownership cap to all virtual asset exchange operators regardless of exchange size or market share. A 20% ceiling is being discussed as the base proposal for the cap, which has emerged as the biggest sticking point. Authorities aim to bring traditional financial companies such as banks into exchange governance through the measure.

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals of Cosmos (ATOM) at 9:00 a.m. UTC on Sept. 2 for a network upgrade.

Crypto mining company Bitdeer (BTDR) said it has signed a 28 MW joint mining agreement with Soluna Holdings (SLNH) and will deploy about 1.93 EH/s of mining capacity at a wind-powered data center in southern Texas, according to Bitcoin.com. Under the deal, Bitdeer subsidiary Dory Creek plans to begin installing its in-house SEALMINER A2 Pro Air mining machines at Soluna’s facility in September. The agreement is structured as a joint mining arrangement in which the two companies will share mining revenue, rather than as a hosting deal.

A newly created address believed to be linked to Bitmine (BMNR), starting with 0xAef, withdrew 20,000 ETH worth $48.89 million from Kraken over the past 50 minutes, according to ai_9684xtpa. Exchange withdrawals are typically interpreted as a sign of holding intent. Bitmine currently holds 5,847,611 ETH at an average purchase price of $3,359, with unrealized losses estimated at $5.27 billion.

U.S. Bitcoin financial services firm River estimated that about 825,000 people worldwide hold at least 1 BTC, or roughly one person per 10,000 people globally. River said it started with about 972,000 addresses holding at least 1 BTC, excluding addresses managed by companies, governments, ETFs and exchanges. It then estimated the number of exchange customers holding at least 1 BTC by assuming the distribution of BTC holdings among exchange users matches the distribution seen on-chain. Based on that method, River put the number of holders with at least 1 BTC at about 825,000, with a possible range of 600,000 to 1 million, assuming a global population of about 8.2 billion. River added that all figures are estimates, explaining that blockchains record addresses rather than people, while a single person can control multiple addresses and a single exchange address can hold assets for millions of users.

Polychain Capital deposited 14.65 million EIGEN worth $3.09 million to Coinbase Prime six hours ago, according to EmberCN. EmberCN said Polychain Capital restaked 46.86 million EIGEN out of 131.8 million EIGEN it unstaked three months ago, and its current holdings stand at 70.29 million EIGEN excluding the amount deposited to Coinbase Prime.

Bitforex founder Garrett Jin added a 600 BTC long position at $79,000 after Bitcoin briefly pulled back from above $80,000, EmberCN reported. Garrett Jin, founder of the fraudulent crypto exchange Bitforex, now holds a 3x leveraged cross long position worth 1,868 BTC ($147 million) at an average entry price of $77,090, with an unrealized gain of about $2.78 million. In early July, the position’s unrealized loss reached as much as $23 million, but the recent surge in BTC has pushed it back into profit. Separately, Garrett Jin is sitting on an unrealized loss of about $10.74 million on a 2x leveraged cross short position of 32,760 ZEC ($25.28 million) entered at an average price of $444.