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Ant Group CEO and Alipay chairman Han Xinyi has identified stablecoin payments as one of four major models in the global AI payments market, PA News reported, citing Caixin. Han said crypto companies including Circle (CRCL) and Coinbase (COIN) are using stablecoins and wallets to make cryptocurrencies a payment method for machine-to-machine automated payments. The other three categories are payment infrastructure companies such as Stripe, card networks such as Visa and Mastercard, and AI platform companies such as Google and OpenAI.

Weekly net inflows into cryptocurrency funds reached $3.2 billion as of late August, the largest since October 2025, according to Bank of America’s weekly flow report. The figure marked a sharp reversal from net outflows of $392 million a week earlier. Spot Bitcoin ETFs took in $1.9 billion and spot Ethereum ETFs absorbed $697 million, accounting for 81% of total inflows. Monthly inflows into Bitcoin ETFs in August also topped $3 billion.

South Korean prosecutors have sought a 20-year prison term for a man surnamed Park, known as "Jonber Kim," who was indicted on fraud charges tied to a 340 billion won ($247 million) scheme, Digital Asset reported exclusively. According to the report, prosecutors on Aug. 21, during the closing hearing of the "Jonber Kim" fraud case before the 13th Criminal Division of the Seoul Southern District Court, sought a 20-year sentence and about 18.8 billion won ($13.7 million) in forfeiture for Park over alleged fraud involving PODO Coin (POD) and ATube (ATT). Sentencing for the four defendants, including Park, is scheduled for 6:00 a.m. UTC on Oct. 15.

American Bitcoin (ABTC), a Bitcoin mining company tied to U.S. President Donald Trump’s family, is producing 11 to 13 BTC a day with a gross margin of about 49%, Eric Trump said on the Wolf Financial podcast. According to BeInCrypto, American Bitcoin is operating about 90,000 mining machines, and its second-quarter output reached a record 932 BTC. Eric Trump said the company held about 8,300 BTC as of late August, up from 5,401 BTC at the end of 2025. Debate continues, however, over the cost of mining one BTC. Eric Trump put the figure at $57,000, while Forbes reported it rises to $90,000 when broader expenses are included. Trump dismissed that report as politically motivated.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $88.32 million liquidated (62.66% longs) - ETH: $127.70 million liquidated (59.65% longs) - SOL: $29.43 million liquidated (84.03% longs)

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals of Monad (MON) at 10:00 a.m. UTC on Sept. 2.

South Korean financial authorities are reviewing a plan to create a new incorporated association for virtual assets through a separate preparatory committee, selectively absorbing functions from the Digital Asset eXchange Alliance (DAXA), which has so far remained at the proposal stage in the National Assembly, Newsis reported. Ahead of legislation on the second phase of South Korea’s Digital Asset Basic Act, authorities are considering launching a preparatory committee to establish the new body, according to Newsis. An official said DAXA is currently only an industry-level group with no legal status, and authorities are considering creating a new incorporated association rather than trying to restructure the existing organization while keeping it in place.

South Korean exchange Korbit announced it will end its Web3 wallet service at 3:00 a.m. UTC on Dec. 31. From that point, all asset transfers through the Web3 wallet, including withdrawals and transfers, will no longer be available, and users were urged to move their holdings beforehand to their Korbit exchange accounts or external wallets. Ahead of the shutdown, Korbit said it will suspend withdrawals on the Silicon network from the Korbit exchange, the creation of new Web3 wallets, and the receive function within the Web3 wallet at 3:00 a.m. UTC today. After the service ends, existing wallets will only allow balance inquiries in the Korbit app.

Four people have been referred to prosecutors without detention for allegedly illegally exporting 1,024 used cars worth 50.7 billion won to Russia and Belarus, both subject to international sanctions, and illegally receiving 279.6 billion won in cryptocurrency as export payments, Newsis reported. South Korea’s Incheon Main Customs said it sent the group, including a foreign man in his 40s identified as the ringleader and three South Korean accomplices, to prosecutors on charges of violating the Customs Act and the Foreign Trade Act. Investigators found the group received export payments in cryptocurrencies including USDT after international financial sanctions made normal remittances impossible. The funds were then sent to crypto wallets controlled by an unregistered foreign-exchange operation in South Korea and concealed by being sold on a South Korean exchange and converted into won.

Metaplanet deposited an additional 800 BTC worth $62.19 million into Coinbase Prime, Onchain Lens reported. While exchange deposits are typically interpreted as a sign of potential selling, Coinbase Prime is a prime brokerage platform for institutional investors that offers trading, custody and financing services, suggesting the transfer may have served other purposes. Metaplanet has been depositing BTC into Coinbase Prime since Aug. 25.

U.S. fast-food chain Steak 'n Shake said it ranked first in the fast-food industry for same-store sales after introducing Bitcoin payments. In a post on X, the company included the English phrase "BTC", said Bitcoin holders have continued to support the business, and said higher sales and cost savings have helped fund reinvestment in food quality improvements. Steak 'n Shake added it had not seen customer loyalty this strong before and described itself as a "BTC" company.

A South Korean court previously ordered YouTuber Choi Seung-jung to repay a victim’s full 20 million won investment plus interest in a separate civil case tied to the Golden Goal coin case, JTBC reported in an exclusive. Choi, who has been indicted on allegations of fraud involving tens of billions of won, repeated in court that Choi was also a victim. But in a separate damages suit filed by one victim half a year ago, the court ruled in February that Choi must repay the full 20 million won investment plus interest, according to JTBC. The victim invested 20 million won after Choi promised principal protection and an exchange listing in 2021, but neither the listing nor a refund materialized. The victim then filed the damages suit last year. Hong Pureun, managing partner at Descent Law Office, said the earlier ruling is being used as evidence favorable to victims in other ongoing lawsuits. One Golden Goal coin victim also said Choi appears to have already moved out substantial funds, adding that asset checks turned up nothing. Choi’s next hearing is set for Oct. 23.

South Korea’s potential taxable cryptocurrency activity reached about $10.9 billion last year, ranking 11th among the countries analyzed, as debate continues ahead of the rollout of crypto taxation over tax standards and access to transaction data, according to a Chainalysis report cited by Newsis. According to the "Crypto Tax Report," released by Chainalysis on Aug. 31 based on on-chain data from six major blockchains including Bitcoin, Ethereum, Solana, Tron, BNB Smart Chain and Base, South Korea’s potentially taxable on-chain activity last year totaled $10.9 billion, including $2.0 billion in income, $3.2 billion in trading gains and $5.6 billion in payments. Among the countries covered in the analysis, the U.S. ranked first at $112.6 billion, followed by Germany at $24.1 billion and China at $21.0 billion.

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, has taken a 40x leveraged BTC long position, according to Hyperbot data. The position totals 155 BTC ($12.08 million), with an average entry price of $77,959.5 and a liquidation price of $50,000. Huang is also holding a 25x leveraged ETH long position worth 41,150 ETH ($100 million), with an average entry price of $2,455.55 and a liquidation price of $2,323.

Wallets estimated to belong to crypto market maker Wintermute deposited 5,100 BTC worth $399.03 million to Binance over the past two days, according to Onchain Lens. Exchange deposits are generally interpreted as being intended for selling.

An anonymous whale deposited 43,880 ETH, worth about $108.04 million, to major exchanges including Binance, OKX, Bybit, Kraken and Gate over the past 24 hours, Onchain Lens reported. Such exchange deposits are typically interpreted as a sign of potential selling.

Bitcoin has rebounded 30% this August, but spot trading volume has fallen to its lowest level in three years, according to crypto analyst Darkfost. In a post on X, Darkfost said average BTC spot volume on major exchanges was down about 70% from October last year, when prices were near their peak. Binance fell to $44 billion from $198 billion, Gate to $14 billion from $53.4 billion, and Bybit to $17.4 billion from $41.2 billion. Darkfost added that August volume held at July levels, marking the first sign of stabilization, which Darkfost said suggests investors were uninterested in the market over the summer. Darkfost said a further price gain accompanied by higher volume could be interpreted as the start of a new upcycle.

CoinMarketCap’s Altcoin Season Index stood at 26. The index compares the price performance of Bitcoin with that of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. An altcoin season is identified when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered a Bitcoin season. A reading closer to 100 indicates stronger altcoin-season conditions.

South Korea’s five largest won-based crypto exchanges have indiscriminately added substandard altcoins for trading, raising the likelihood of growing investor losses, Hankyung Business reported. According to data lawmaker Park Sung-hoon of the ruling People Power Party, a member of the National Policy Committee, received from South Korea’s five largest won-based exchanges — Upbit, Bithumb, Coinone, Korbit and GOPAX — the platforms newly listed a combined 1,236 altcoins from 2022 through the end of July this year. Over the same period, they ended trading support for 430 altcoins. By exchange, GOPAX had the highest delisting ratio, ending trading support for 67 of the 106 altcoins it newly listed, or 63.2%. Coinone posted a 46.6% delisting ratio, followed by Bithumb at 31.5%, Korbit at 20.3% and Upbit at 19.2%. The outlet noted that if this structure continues, exchanges are likely to expand the number of tradable assets and trading volumes through new listings, while investors may increasingly bear losses as problematic virtual assets are removed only after issues emerge.

The key global macro events for the fifth week of August are as follows, based on South Korea Standard Time: - Sept. 1, 1:45 p.m. UTC: U.S. August manufacturing PMI; 2:00 p.m. UTC: July JOLTS job openings and labor turnover survey - Sept. 2, 12:15 p.m. UTC: U.S. August ADP nonfarm employment change - Sept. 2, 6:00 p.m. UTC: Federal Reserve Beige Book - Sept. 3, 12:30 p.m. UTC: U.S. initial jobless claims; Christopher Waller, Federal Reserve governor, is scheduled to speak - Sept. 3, 8:30 p.m. UTC: Federal Reserve balance sheet - Sept. 4, 12:30 p.m. UTC: U.S. August unemployment rate and nonfarm payrolls

According to data from Tokenomist, the major token unlocks scheduled for this week (Aug. 31–Sept. 6) are as follows: - GPS: 166.44 million tokens ($1.6 million), representing 3.12% of circulating supply, at 12:00 a.m. UTC on Sept. 1 - SUI: 13.53 million tokens ($9.59 million), representing 0.33% of circulating supply, at 12:00 a.m. UTC on Sept. 1 - ZETA: 44.26 million tokens ($1.43 million), representing 2.84% of circulating supply, at 12:00 a.m. UTC on Sept. 1 - EIGEN: 36.92 million tokens ($6.82 million), representing 5.48% of circulating supply, at 4:00 a.m. UTC on Sept. 1 - ENA: 40.63 million tokens ($6.02 million), representing 0.46% of circulating supply, at 7:00 a.m. UTC on Sept. 2 - OPN: 39.25 million tokens ($2.03 million), representing 10.04% of circulating supply, at 12:00 p.m. UTC on Sept. 5

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

CoinMarketCap’s in-house crypto fear and greed index came in at 75, indicating the market remained in greed territory. A reading closer to zero signals extreme fear, while a reading closer to 100 points to extreme optimism. 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 (SSR), and CoinMarketCap’s own search data.

Bitcoin’s upward momentum has weakened after hitting the key $80,500-$82,500 resistance zone, leaving the near-term outlook somewhat neutral, CryptoPotato analyzed. According to the outlet, Bitcoin appears to be losing momentum around the $80,500-$82,500 supply zone on the daily chart, suggesting buying pressure has not generated enough additional upside to trigger the next leg higher. CryptoPotato added that the broader market structure remains positive as long as BTC stays above the $72,000-$74,400 support range, although the short-term outlook is neutral.

Iran fired missiles at U.S. Navy ships in the Strait of Hormuz on Aug. 31, Iran’s Press TV reported. Iran also launched missile attacks on two U.S. bases in Jordan, King Hussein Base and Al Azraq Base, in retaliation for a U.S. airstrike on Larak Island in the Strait of Hormuz, according to a statement from the Islamic Revolutionary Guard Corps, or IRGC. Reuters and another media outlet had reported earlier that the U.S. military struck two IRGC missile launch sites on Larak Island yesterday. The attack came about a month after U.S. strikes on Iran were halted on July 24 under the direction of President Donald Trump. In an earlier statement, the IRGC had warned that the attack on Larak Island was an act of terror and that the aggressor would face a strong response.