Live Feed

UK fintech firm Revolut has launched EURR, a euro-pegged stablecoin, Bloomberg reported. EURR will initially be offered to eligible users in Denmark, Poland and Portugal, with the service set to expand to other countries in the European Economic Area by year-end. Users will be able to trade cryptocurrencies in euros through the Revolut app. Issuance of EURR will be handled by Bridge, a stablecoin infrastructure company owned by Stripe.

The beneficial owner of Aqua 1 Foundation, a UAE investment firm that bought $100 million worth of governance tokens in Trump family crypto project World Liberty Financial (WLFI), has been identified as Zhou Guren, a China-born individual, Caixin reported. Aqua 1 became WLFI’s largest investor after surpassing Justin Sun, who invested $75 million. According to Caixin, Zhou, who is from Shanghai, is currently listed on a Chinese court’s public defaulter registry, with unpaid amounts across six related cases totaling tens of millions of yuan. A recently disclosed indictment from the UK Crown Prosecution Service showed Zhou was linked to a money laundering case in the UK. Separately, a Shanghai-based timber company for which Zhou had served as legal representative was previously involved in a smuggling case in China.

On-chain structured products infrastructure provider City Protocol announced it raised a total of $11 million in seed and pre-Series A funding. Participants in the round included Dragonfly Capital, Jump Crypto, CMT Digital, Stratified Capital, Adaverse and Mirana. City Protocol said it is developing structured products on blockchain through an integrated infrastructure that supports issuance, operations and underwriting across a tokenization layer, a vault layer, and an issuance and operations layer. It also operates its core platform, Venzo, and plans to launch thematic vaults through Venzo that will allow users to manage portfolios directly within their wallets.

Hyperliquid applied AQAv2, or Aligned Quote Asset v2, on Aug. 26, a framework that uses income generated from managing USDC reserves for HYPE buybacks and token burns, Wu Blockchain reported. About 90% of the reserve-management income is allocated to the protocol and transferred every 30 days to the Assistance Fund, which is used to buy HYPE on the market and permanently burn the tokens. Circle supports the technical implementation, while Coinbase manages the reserves. Income accrual began today, and the first HYPE buyback and burn using the proceeds is scheduled for Oct. 3.

Blockchain infrastructure firm Sign, together with BNB Chain, has unveiled a sovereign stablecoin framework for governments to issue stablecoins based on their national currencies. The framework is designed to let countries use blockchain for payments and settlement while retaining control over their currencies, financial systems and regulations. Under the model, governments and other public institutions would set issuer standards, reserve and redemption requirements, and supervisory systems, while licensed financial institutions and infrastructure providers would operate the actual system accordingly. Sign cited Kyrgyzstan’s national stablecoin KGST as a live use case. In that model, local financial institutions handle reserves and fiat-currency operations, Sign connects the related infrastructure, and BNB Chain settles transactions.

A $1.77 million liquidity hole has emerged at decentralized lending protocol Moonwell, and there appears to be no clear way to resolve it, CryptoSlate reported. Citing Moonwell’s real-time data, the outlet said utilization in the platform’s cbETH trading pair, Coinbase’s staked ETH receipt token, stood at 100.43% and liquidity had turned negative, suggesting lending liquidity providers were effectively blocked from withdrawing funds. CryptoSlate added that a recently announced reserve repayment plan by the Moonwell team did not present a way to fill the $1.77 million shortfall, leaving some liquidity providers still unable to withdraw most of their deposits.

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: 48.26% long, 51.74% short - Binance: 48.05% long, 51.95% short - Bybit: 47.82% long, 52.18% short - OKX: 47.1% long, 52.9% short

A wallet believed to be tied to crypto market maker Wintermute, beginning with 0xecb6, has reduced its short position on Hyperliquid from $211.53 million to $80.48 million. According to Onchain Lens, the address currently holds an $80.48 million short position and a $5.51 million long position. Its HYPE short position did not shrink, however, and instead increased from $5.6 million to $10.2 million.

Roman Storm, co-developer of crypto mixing protocol Tornado Cash (TORN), has had his retrial postponed to April 26, 2027, The Block reported. U.S. prosecutors had been pushing to hold the retrial in October, while Storm has sought an acquittal on grounds of insufficient evidence. The court rescheduled the retrial for April 2027, about six months later than the timing sought by prosecutors, citing ongoing legal proceedings and the schedule for hearings on the acquittal motion.

An exploit worth $142,000 hit Enjin Coin’s ERC-1155-based crypto item platform, with NFTs stolen from 52 addresses and 5.24 million ENJ drained, according to security firm Defimon. The attacker appears to have exploited a flaw in a transfer adapter to move NFTs without the owners’ approval, then melted them to extract the ENJ locked to those items. Enjin Coin has not yet issued an official statement or investigation update.

Layer-1 blockchain Linera has unveiled the tokenomics for its native LNRA token. Total supply will be allocated as follows: - Community reserve: 60% - Initial contributors: 13.7% - Investors: 11.3% - Foundation: 10% - Community sale: 5% Combined, the community reserve and community sale account for 65% of total supply earmarked for the community. The investor and initial contributor allocations will vest over three years from the time of token distribution. The Linera Foundation will manage the community reserve and plans to use it for ecosystem programs and protocol growth. The sale price and sale size for the 5% allocated to the community sale will be disclosed on Aug. 28.

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

The latest crypto market rebound appears less reliant on leverage than in past rallies, creating conditions for the uptrend to continue, Mizuho analyst Dan Dolev said, according to Investing.com. Dolev said coin-denominated open interest fell to its lowest level in a month after the initial rebound and has not risen again, indicating the advance is being driven by spot and ETF demand rather than a short squeeze or leveraged longs. Bitcoin spot ETFs saw about $1.9 billion in net inflows over the past week, marking the largest weekly net inflow since October 2025. Dolev also said retail trading volumes remain sharply subdued at a three-year low, which could provide further upside momentum if trading activity revives.

An anonymous whale address starting with 0x69e2 withdrew an additional 27,294 HYPE from OKX, worth about $2.23 million, according to Onchain Lens. Exchange withdrawals are typically interpreted as a move to hold assets. The same address also withdrew 47,340 HYPE worth $3.08 million about two months ago, bringing its total withdrawals to 74,810 HYPE worth $5.33 million.

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.