Live Feed

Kalshi has started offering a real-time order book data feed through DoubleZero Edge, a market data transmission service built on a dedicated global fiber-optic network, The Block reported. It marks the first use of an ultra-low-latency multicast feed in the prediction market sector. Institutional traders had previously faced delays and the added step of rebuilding order book conditions from API responses. The service will initially provide order book depth data for major sports events and cryptocurrency perpetual futures contracts.

Nick Timiraos, often described as the Fed whisperer, said the July inflation report matched market expectations, easing some pressure on the Federal Reserve to deliver another rate hike next month, while hawkish voices remain. He said Wall Street paid particular attention to the consumer price index released today because Fed officials have signaled they are also watching the data more closely. According to Timiraos, Fed officials had spent the past year expecting inflation to return to the 2% target without additional rate hikes, but some now favor keeping rates higher for longer. He added that other officials have signaled they could join that hawkish minority if upcoming data make the current outlook harder to maintain. Timiraos said that earlier view was based on the belief that current rates were already restrictive enough and that persistently high inflation reflected external shocks rather than overly loose monetary policy. He added that there had also been an earlier expectation that tariff-driven cost increases would be one-off and that energy prices would fall alongside oil prices as Middle East tensions eased, but those shocks have instead persisted and, together with a surge in demand tied to the AI infrastructure investment boom, have pushed up prices for tech equipment and software.

The three major U.S. stock indices opened higher today. - S&P 500: +0.49% - Nasdaq: +0.90% - Dow Jones: +0.33%

Nasdaq-listed Bitcoin miner MARA Holdings said on Aug. 12 it borrowed a total of $750 million against 18,750 BTC, according to a quarterly report filed with the U.S. SEC. The company said the proceeds will be used to expand its energy generation and AI infrastructure businesses. MARA Holdings signed Bitcoin-backed loan agreements with two firms. Under its agreement with Coinbase Credit, the company consolidated and refinanced an existing $150 million credit facility while securing $300 million in new funding. A second loan provided $300 million from Two Prime Lending. That put the total principal across the two loans at $750 million, while net new funding came to $600 million after excluding the refinancing of the existing $150 million loan. The 18,750 BTC pledged as collateral was initially valued at about $1.2 billion when the agreements were signed.

Nasdaq-listed Cypherpunk Technology (CYPH), which has been accumulating ZEC, said through an official channel on Aug. 12 that it posted about $39.4 million in net income for the second quarter, swinging from a $16.6 million net loss a year earlier. The return to profit stemmed from about $46 million in unrealized gains tied to the fair-value remeasurement of its ZEC holdings. ZEC rose to $400.09 from $243.35 over the same period. As of Aug. 11, Cypherpunk held 323,394.38 ZEC, worth about $129.4 million and equal to 1.92% of ZEC’s circulating supply. Its average purchase price for ZEC was $341.83. According to CoinMarketCap, ZEC was recently trading at $490.64, up 0.31%.

Marinade Finance said a routing failure at Solana staking infrastructure provider Teraswitch temporarily pushed 28.83% of staked SOL on the Solana network offline, a level close to the 33.34% threshold for halting transaction confirmation. The outage affected about 90 validators. Marinade Finance said AS20326 held 118.9 million SOL, equal to 27.34% of the network’s total staked SOL, and 94% of that amount went offline at the same time. Traffic normalized about 33 minutes later, and the affected validators missed a combined 333 SOL in staking rewards. Marinade Finance said the incident highlighted concentration risks tied to ASNs, data centers and validator failover infrastructure, and plans to review its concentration cap standards.

Anchorpoint Fintech, led by Standard Chartered Bank Hong Kong, has begun a phased rollout of the Hong Kong dollar stablecoin HKDAP for institutions and professional investors, The Block reported. Anchorpoint plans to use HKDAP for cross-border payments and for payments and distribution tied to tokenized real-world assets.

Wintermute plans to invest about $1 billion over the next five years in high-frequency trading and artificial intelligence data center infrastructure as it diversifies into traditional finance, Bloomberg reported. In an interview with Bloomberg, Wintermute CEO Evgeny Gaevoy said the firm is seeking to reposition itself as a dealer trading equities, commodities and foreign exchange, using major firms such as Jane Street Group and Citadel Securities as benchmarks, adding that it is competing with companies that have spent decades optimizing technology and infrastructure for the market and that the scale of investment is naturally significant.

Harmony said via its official X account that it had identified 10,288 anomalous transactions across 409 wallets that received 4 billion unauthorized ONE tokens, after an exploit today led to the illicit minting of tokens equal to 26% of total supply. Harmony added that it had alerted exchange partners and blocked hundreds of suspected hacker deposits to centralized exchanges. The project also said 53% of validators had applied a patch banning unauthorized minting, while a rollback appeared to be the most favored solution so far. JackXBT, a well-known on-chain analyst, had previously declared a boycott of Harmony after its first hack, saying there had been no rewards for people who helped trace the stolen funds. Following the hacking disclosure, ONE was trading at about $0.0007458, down around 40%, according to CoinMarketCap.

A senior Iranian source told Reuters there are currently no discussions at all on extending a ceasefire between Iran and the United States. The source said Iran does not see any need for an extension because, from Tehran’s perspective, the ceasefire has no effective start date, and added the United States violated a temporary agreement 48 hours after signing it before withdrawing from the deal a few days later. The source also said one of the issues under discussion is a U.S. return to the memorandum of understanding, or MOU, and setting a time frame for Washington to fulfill related commitments.

Whale Alert reported that 216,741,629 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $217 million.

Four whale addresses active on decentralized perpetual futures exchange Hyperliquid opened BTC short positions worth a combined $340 million at entry prices around $64,000, according to an analysis by on-chain analyst The Data Nerd. He added, "In just the past few days, four whale wallets all opened short positions on Hyperliquid." The positions were 1,792 BTC ($114 million), 1,576 BTC ($100 million), 1,200 BTC ($76.5 million), and 806 BTC ($51.4 million), respectively.

The Bank of England is testing whether private stablecoins and a central bank-issued digital pound can be used together in a single payment process, CoinDesk reported. The central bank has expanded its digital pound research into a second phase and is examining whether stablecoin infrastructure and central bank money can operate simultaneously in trade finance settlement. Polygon Labs, the developer behind Polygon (POL), is participating in the second-phase research, according to the report. The Bank of England has studied central bank digital currencies and distributed ledger technology since 2024, and the latest test is part of broader efforts by central banks to explore how private stablecoins and state-issued digital currencies could be applied together within existing financial systems.

An anonymous whale on Hyperliquid, identified by an address beginning with 0xff84, is nearing forced liquidation on a 40x leveraged short position of 1,543 BTC worth about $98.97 million as Bitcoin rebounds in the short term, according to a Lookonchain analysis. The whale opened a 1,600 BTC short position on Aug. 5 at an entry price of $64,202 and later cut part of the position at a loss to avoid liquidation during Bitcoin’s continued rebound. The whale’s current short entry price is $63,999, with a liquidation price of $64,225.35. Based on CoinMarketCap data, BTC was trading near $64,100, leaving the position about $125 away from forced liquidation.

Binance and Bybit BTC perpetual futures volume has fallen to its lowest level since 2023, while spot volume has dropped to its lowest level since February 2024, according to crypto research firm K33 Research. K33 Research said the market remains constantly exposed to the risk of sharp price swings driven by forced liquidations, as open interest has stayed relatively large despite the decline in trading volume.

Coinbase’s Bitcoin premium index has remained negative for 86 straight days since May 19, extending its longest streak on record, according to CoinGlass. The latest reading stood at -0.1027% as of 8:30 a.m. UTC on Aug. 12. The previous longest stretch of negative premium lasted 40 days, from Jan. 16 to Feb. 24 this year. With buying pressure from U.S. investors relatively weak, the duration of the negative premium has continued to set fresh records. Historical data shows prolonged negative premium periods have often coincided with slower buying by U.S. investors and weaker institutional demand.

Large LINK transfers and whale holdings both increased, pointing to rising whale activity, according to an analysis by Santiment. The on-chain analytics firm said 246 LINK token transfers worth more than $100,000 were recorded over the past 24 hours, the highest level in the past five months. Santiment added wallets holding between 100,000 and 10 million LINK now hold about 466.31 million LINK, accounting for 46.57% of the token’s total supply. The simultaneous rise in large transfers and whale holdings suggests whale activity has picked up, it said. Such whale movements have historically often been associated with price action and are often interpreted as an "alpha" signal. According to CoinMarketCap, LINK was trading at $8.77, up 1.59%, at the time of writing.

Fidelity plans to introduce staking to its $898 million spot Ethereum ETF, FETH, and distribute the resulting income to investors as quarterly cash payments, CoinDesk reported. According to a filing with the SEC, FETH may stake up to 100% of its ETH holdings under normal market conditions. No minimum staking ratio has been set, and some ETH will remain unstaked to meet liquidity needs including redemptions and operating expenses. The move became possible after the U.S. Internal Revenue Service issued safe harbor guidance in November last year. Under that guidance, crypto trusts meeting certain requirements can stake held assets while maintaining their existing tax status. FETH will receive 85% of gross staking rewards, while the remaining 15% will go to the fund sponsor, custodian, and node operators. Blockdaemon, Figment, and Galaxy were designated as node operators.

A Bitcoin whale address dormant for more than 13 years, beginning with 1NidFx, transferred 85 BTC worth about $5.4 million to a new address at block height 962,114, according to Galaxy Research. The whale appears to have bought the holdings around 13 years ago at about $13 per coin. If the latest transfer was for profit-taking, the estimated return would be 475,056%. Based on CoinMarketCap data, BTC was trading at $63,886.83, down 0.38%, at the time of writing.

XRP whale wallets rise even as price falls

U.S. real estate investment firm Cardone Capital CEO Grant Cardone said Bitcoin is like portable digital real estate. In a recent interview with DraperTV, Cardone said, "비트코인은 유지관리가 필요없는 부동산이다. HVAC, 지붕, 외벽 등을 관리할 필요도 없고 세입자, 재산세 등 문제도 없다." Cardone added, "개인적으로 13년 간 비트코인을 지지해왔다." He also said today there is never a bad time to buy real estate if investors plan to hold long term, avoid excessive leverage and generate steady cash flow.

Bitcoin miners’ sales totaled $1.78 billion this year, adding to market pressure, CoinDesk said in an analysis. The outlet said Bitcoin’s weakness this year was influenced not only by outflows from spot Bitcoin ETFs in the U.S. and selling by Bitcoin treasury companies, but also by sales from Bitcoin mining firms. It said a major factor behind BTC’s decline was large-scale outflows from U.S. spot Bitcoin ETFs, which have seen net outflows of more than $4.4 billion so far. It added long-term holders and Bitcoin treasury companies, including Strategy (MSTR), also increased pressure on the market through selling. Listed Bitcoin miners also sold a substantial amount, with their holdings falling from 127,000 BTC at the start of the year to 99,000 BTC currently. That implies sales of about 28,000 BTC, worth $1.78 billion at current prices. While smaller than ETF outflows, CoinDesk said steady selling can have a relatively larger effect on prices in a weak market with limited buying demand, adding that miners’ selling earlier this year has not received enough attention despite being one factor behind Bitcoin’s underperformance.

Bithumb to suspend deposits and withdrawals for 8 TRX-based tokens South Korean crypto exchange Bithumb announced it will temporarily suspend deposits and withdrawals for BitTorrent (BTT), JUST (JST), APENFT (NFT), SUN (SUN), Sundog (SUNDOG), TRON (TRX), Tether (USDT), and WINkLink (WIN) starting at 9:00 a.m. UTC on Aug. 16 to support a TRON network upgrade.

An Ethereum ICO whale dormant for about 11 years moved 2,680 ETH worth $5.04 million to a new address, according to The Data Nerd.

Crypto analyst Doctor Profit said a metric seen during past Bitcoin market bottoms has reappeared, suggesting BTC may be nearing a low. Doctor Profit said that in 2015, 2019, and 2022, bottom formation began when the average cost basis of short-term holders fell below that of investors who had held for one to two years. At those points, newer market entrants were seen selling at a loss while longer-term investors absorbed the supply. Doctor Profit said the same pattern has now appeared for a fourth time, with BTC trading below the cost basis of both groups. The analyst added that in past cases, the signal did not trigger an immediate rebound and was instead followed by months of sideways trading as the market built a base. The current market appears to be forming a bear-market bottom while moving sideways and entering a phase of long-term accumulation, Doctor Profit said.