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Synthetic dollar protocol Falcon Finance (FF) said it is preparing a token tied to GPU financing as its first product as it pushes ahead with a real-world asset tokenization business in El Salvador. Falcon Finance said high-performance GPUs typically take four to eight months from payment to physical delivery, and a special purpose vehicle will issue the token to raise the funding needed during that period. The computing resources generated by those GPUs have been pre-contracted for purchase by NEAR AI. Falcon Finance plans to make the GPU token freely tradable on Uniswap and other platforms, and to recognize it as collateral for issuing its synthetic stablecoin USDf once sufficient trading volume and liquidity are secured.

U.S. spot Ether ETFs see $71.4M in net inflows for fourth straight session U.S. spot Ether ETFs recorded about $71.4 million in net inflows on Aug. 18, marking a fourth straight trading day of net inflows, according to Farside Investors. - BlackRock ETHA: +$64.7 million - Bitwise ETHW: +$1.4 million - Invesco QETH: +$1.1 million - Grayscale ETHE: +$1.5 million - Grayscale Mini ETH: +$2.7 million

U.S. spot Bitcoin ETFs log $189.3M in net inflows for second straight session U.S. spot Bitcoin ETFs recorded about $189.3 million in net inflows on Aug. 18, marking a second straight trading day of net inflows, according to Farside Investors. - BlackRock IBIT: +$143.6 million - Fidelity FBTC: +$23.9 million - Bitwise BITB: +$16.1 million - ARK Invest ARKB: +$19.7 million - VanEck HODL: -$16.9 million - Grayscale Mini BTC: +$2.9 million

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $59.12 million liquidated (93.53% shorts) - ETH: $12.05 million liquidated (66.72% shorts) - SNDK: $15.31 million liquidated (74.56% longs)

An address linked to the Ondo Finance team deposited 13.43 million ONDO to Coinbase, ai_9684xtpa said. Exchange deposits are typically interpreted as being intended for sale. The address is estimated to have sold $29.94 million worth of ONDO over the past 30 days and currently holds about $12.68 million worth of the token.

The dollar-won exchange rate fell below 1,400 won for the first time in about 11 months and was recently trading at 1,398.88 won, down 0.96%.

BounceBit has launched Borobudur, a credit layer backed by Franklin Templeton’s tokenized fund BENJI and CeDeFi strategy positions, according to Wu Blockchain. The structure is designed to let users secure liquidity in BB without interest while keeping their positions intact.

BitMEX co-founder Arthur Hayes said on X that while the AI industry is in a bubble, an AI agent economy will emerge. Hayes added that the AI stock bubble is concentrated in debt issued to build data centers, unprofitable large-scale infrastructure companies, and AI developers, and said computing capacity built up excessively through lending supports the business logic of Flop Labs, a venture he founded. Hayes had previously said he founded Flop Labs, the developer of AI agent project Flop Network. Flop is scheduled for an airdrop in the fourth quarter and the launch of its genesis block in the first quarter of next year.

The Bank of Italy said in a report stablecoin-based cross-border remittances offer little advantage over traditional financial networks on cost and speed, according to BeInCrypto. The central bank reached that conclusion after examining 10 real-world remittance corridors linking Italy, Argentina, Brazil, South Africa, the United Arab Emirates and Japan. While average on-chain blockchain transfer fees were just 0.4%, most costs arose during fiat conversion through banks and exchanges, including account deposits, foreign exchange and cash withdrawals. Compared with the same corridors offered by traditional remittance provider Wise, stablecoins were cheaper in only three routes and more expensive in four. The report suggested that despite appearing to bypass banks entirely, stablecoins still face a structural limitation in that cash-out processes ultimately depend on traditional financial infrastructure.

The cryptocurrency market could grow into a market worth as much as $500 trillion, driven by the tokenization of traditional financial assets, and investors are underestimating that potential, Bitwise CIO Matt Hougan said in a recent memo to investors. Hougan said crypto investors are making three mistakes: viewing crypto apps only as crypto-native services, assuming major traditional financial firms will naturally beat crypto companies, and underestimating future trading volumes by 10 to 100 times. He added that if traditional financial assets such as stocks and bonds are tokenized, the addressable market for crypto apps could expand from about $2 trillion to $500 trillion.

Former New York Gov. Andrew Cuomo said the U.S. Congress must pass the Clarity Act to connect the cryptocurrency and traditional financial markets, CoinDesk reported. Speaking at the SALT conference in Jackson Hole, Wyoming, Cuomo said the Clarity Act could pass and must pass, adding the U.S. is already far behind on crypto regulation. Cuomo also said companies need to know the rules of the game to comply with regulations, including what counts as fair play and what crosses the line. Cuomo currently leads a joint venture established by Intercontinental Exchange, the operator of the New York Stock Exchange, and crypto exchange OKX, according to CoinDesk.

California Public Employees’ Retirement System, the largest public pension fund in the U.S., holds 381,048 shares of Strategy (NASDAQ: MSTR) valued at about $35.5 million, BitcoinTreasuries.net reported. Both its MSTR holdings and their value declined noticeably from last November, when the pension fund held 448,000 shares worth about $80 million. CalPERS manages about $637 billion in assets and serves more than two million public employees, retirees and other members.

Upbit announced it will temporarily suspend deposits and withdrawals for NEO, GAS, ONT, ONG, and MBL at 1:00 p.m. UTC on Aug. 26 for wallet upgrades on the NEO N3 and Ontology networks.

Kraken’s payments app Krak has launched a crypto debit card in the U.S., The Block reported. Developed in partnership with Stripe, the card can be used at Visa merchants. Users can hold and spend more than 600 currencies and cryptocurrencies, and receive up to 2% back in U.S. dollars or BTC on purchases. The card was previously launched in the UK and Europe.

Maya Protocol founder AaluxxMyth said the protocol was hit by a hack that led to the theft of about 20 BTC, worth roughly $1.4 million, and other assets worth about $300,000. According to PA News, the Maya Protocol team has halted operations to prevent further damage and is working on a fix for the vulnerability to restore trading. Most of the losses stemmed from arbitrage tied to severe slippage and liquidity pool fee losses. The team plans to recover funds through measures including an investment in Aztec Chain and will pay a bug bounty if the hacker returns the funds.

Fading BTC volatility, volume push traders toward AI stocks and prediction markets Traders are rotating from crypto into AI-related stocks and prediction markets as Bitcoin’s volatility and trading volume fall sharply, CoinDesk reported. CoinDesk said BTC’s 30-day realized volatility had dropped to an annualized 42%, while narratives that had previously driven the market, including issues tied to U.S. President Donald Trump and digital asset treasury companies, had lost momentum. It added that delays in regulatory progress on the U.S. CLARITY Act were also extending declines in trading volume and liquidity. According to CoinDesk, traders are moving funds into AI-related equities and prediction markets such as Kalshi and Polymarket, where returns may be more attractive. The outlet added that exchanges and trading firms are moving to cut costs and reduce headcount, and said a wait-and-see mood is likely to persist until regulatory clarity improves or another macroeconomic trigger emerges.

Evernorth Holdings, a company focused on strategic XRP accumulation, said it filed an S-4 registration statement with the U.S. SEC for a merger with special purpose acquisition company Armada Acquisition Corp. II. If the merger is completed, Evernorth is expected to trade on Nasdaq under the ticker XRPN. The company said it has raised more than $1 billion, with investors including Arrington Capital, Ripple, SBI Holdings, Pantera Capital and Kraken. The S-4 still requires SEC approval, and the deal also remains subject to approval from Armada II shareholders and Nasdaq listing approval.

CoinMarketCap’s Altcoin Season Index stood at 44 today, unchanged from yesterday. The index is calculated by comparing the price performance of Bitcoin and the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. If 75% of the top 100 coins outperform Bitcoin over the past 90 days, the market is considered to be in altcoin season. The opposite is considered Bitcoin season. A reading closer to 100 indicates stronger altcoin season conditions.

Hyperliquid’s open interest has climbed back above $12 billion for the first time since October last year, according to Crypto Briefing. Crypto Briefing said the increase in open interest on the decentralized perpetual futures exchange reflected growing trader interest in on-chain derivatives. The outlet added that much of the growth stemmed from the HIP-3 governance proposal, which allows external developers to build perpetual futures markets directly on Hyperliquid. Open interest tied to HIP-3 at one point exceeded $4 billion, which the outlet said meant about one-third of positions across the platform came from traders gaining exposure to stocks and indices through cryptocurrency.

Robinhood CEO Vlad Tenev said on X that the world has entered the early stages of a tokenization supercycle, arguing tokenization goes beyond simply putting stocks on a blockchain and instead rebuilds the infrastructure for asset ownership. Tenev said tokenization allows assets to move as freely as information on the internet and predicted tokenized stocks will carry the full set of shareholder rights attached to traditional equities. He added Robinhood Chain has processed 100 million transactions in just over a month since launch, although it is still unavailable to U.S. users. Tenev also said tokenized listed stocks are only the beginning and that less liquid, less accessible assets such as stakes in private companies could be the next phase of tokenization, while U.S. regulators need to move faster to adapt to the market.

Spot CVD refers to an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter areas may act as support or resistance levels. - The CVD indicator in the lower panel reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million, among other categories.

CoinMarketCap’s in-house Crypto Fear and Greed Index rose one point from yesterday to 41, indicating that the market remained in neutral. The index signals extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the index based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put-to-call ratio, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.

The slump in the cryptocurrency market this year has sharply reduced the value of digital assets held by South Korea’s major exchanges Upbit and Bithumb, Yonhap News TV reported. According to filings with South Korea’s Financial Supervisory Service as of today, the fair value of virtual assets held by Dunamu, the operator of South Korean exchange Upbit, stood at 1.3779 trillion won ($991.4 million) at the end of the first half, down 39.6% from 2.285 trillion won ($1.64 billion) at the end of last year. The value of virtual assets held by South Korean exchange Bithumb also fell 30.5% from the end of last year to 194.1 billion won ($139.7 million) at the end of the first half.

A wallet believed to be tied to Multicoin Capital deposited 172,710 HYPE, worth about $10.15 million, to Coinbase, according to Onchain Lens. Onchain Lens added the transfer appeared to be intended for a sale. The wallet still holds about 2.16 million HYPE, worth roughly $126.63 million. According to CoinMarketCap, HYPE was trading at $58.59, down 1.39%.

KakaoBank has extended its real-name deposit and withdrawal account service agreement with South Korean crypto exchange Coinone by one year, continuing their partnership tied to virtual-asset trading, Newsis reported. Under the renewed contract, Coinone users will continue to deposit and withdraw won through KakaoBank accounts and trade virtual assets as before. The two companies have completed internal procedures for the extension and signed the contract, while Coinone has also completed the related prior filing process with South Korea’s Financial Intelligence Unit. The release did not disclose detailed business results such as the number of KakaoBank accounts brought in through Coinone customers, deposit balances, or partnership fees.