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South Korean exchange Bithumb announced the addition of PROM for KRW trading.

Phantom announced it will end support for the SUI network on Sept. 24. Users need to move any SUI holdings to another wallet app or swap them into assets supported by Phantom before that date.

Abraxas Capital opened an ETH short position worth about $100.06 million on Hyperliquid and has been hedging it by withdrawing 73,872 ETH worth $173.17 million from Binance over the past four days, according to Lookonchain. Hyperscan data showed the liquidation price for the ETH short at $3,946.19. Abraxas also holds short positions worth $95.31 million in BTC, $84.19 million in HYPE and $23.97 million in SOL, with liquidation prices of $127,766.50, $135.96 and $335.85, respectively. All of the positions use 5x leverage, bringing the total short exposure to about $783 million.

South Korea’s Fair Trade Commission said today it will give advance notice for 20 days through Sept. 14 on a revised consumer protection guideline for prepaid installment transactions, under which pre-need service providers and other prepaid installment businesses must balance stability, liquidity and profitability when managing customer prepayments. The revised guideline requires sufficient review before high-risk transactions, including excessive investment in high-risk assets with a greater chance of principal loss such as derivatives, virtual assets and leveraged financial products, according to Aju Economy. Large companies holding at least 100 billion won in customer prepayments must set up and operate a prepayment management review committee to ensure stability in fund management and transparency in decision-making.

A Trump team-linked token address sold 1.1 million TRUMP in the early hours of today, securing 2.94 million USDC, EmberCN reported. The address had previously transferred 3.837 million TRUMP, worth $9.33 million, to OKX yesterday.

Bloomberg ETF analyst Eric Balchunas said BlackRock’s spot Bitcoin ETF, IBIT, showed a typical "Flipping the Bird" pattern in its daily fund flows last week, with a taller middle bar and smaller bars on either side, calling it a bullish signal. Earlier, NatGeraci.com President Nate Geraci, citing The Block reporter Zack Abrams, said U.S. spot Bitcoin ETFs, including IBIT, posted about $2 billion in net inflows last week, while spot Ethereum ETFs drew $700 million, with both marking their largest weekly net inflows since October last year.

Strive CEO Matt Cole said the Bitcoin bear market has ended and voiced optimism on BTC’s price outlook over the next 12 to 18 months. In a post on X, Cole said the BTC/gold chart had been a strong leading indicator for Bitcoin’s price over the past two years, with BTC topping against gold in December 2024 but reaching its peak in U.S. dollar terms only in October 2025. Cole added that Bitcoin bottomed against gold in February this year, while its U.S. dollar low came in July, and said the clear shift into an uptrend against both the dollar and gold convinced Cole the bear market was over. Cole added that the U.S. dollar’s long-term weakness, currency debasement and growing demand for scarce assets amid the spread of AI would act as structural tailwinds for BTC. Cole said stronger BTC returns than gold would likely draw more capital into Bitcoin from the scarce-asset market, and added the next Bitcoin cycle could be stronger than ever.

Bitcoin surged more than 23% over the past week, marking its biggest weekly gain since March 2023, Watcher.Guru said.

BitMEX co-founder Arthur Hayes bought 1.9 million ETHFI again about four hours ago, worth roughly $1.17 million, Lookonchain reported. Hayes previously sold 265,461 ETHFI at a loss four months ago at $0.44 per token, for $118,000.

The current and former CEOs of Polish cryptocurrency exchange Zondacrypto are both unaccounted for, The New York Times reported. According to the report, founder Sylwester Suszek has been missing since 2022, while successor CEO Przemyslaw Kral has also been unaccounted for since April. Zondacrypto halted crypto withdrawals and trading in April, and its native token ZND has plunged more than 99.9%. Estonian authorities revoked the parent company’s business license in late June, while Polish prosecutors are investigating the exchange’s establishment and operations, including possible involvement in crimes such as money laundering.

CoinMarketCap’s altcoin season index stood at 41. The index compares the price performance of Bitcoin with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A period is classified as altcoin season when 75% of the top 100 coins outperform Bitcoin over the past 90 days, and as Bitcoin season in the opposite case. A reading closer to 100 indicates stronger altcoin season conditions.

CoinMarketCap’s in-house crypto fear and greed index came in at 78, indicating greed remained in place. The index signals extreme fear as it moves closer to zero and extreme optimism as it approaches 100. CoinMarketCap calculates the gauge based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put-to-call ratio, the stablecoin supply ratio, and CoinMarketCap’s own search data.

According to data from Tokenomist, the major token unlocks scheduled for this week (Aug. 24–30) are as follows: - SOSO: 23.46 million tokens ($7.4 million), representing 6.35% of circulating supply, at 9:00 a.m. UTC on Aug. 24 - H: 266 million tokens ($18.52 million), representing 7.92% of circulating supply, at 12:00 p.m. UTC on Aug. 25 - XPL: 88.89 million tokens ($9.2 million), representing 3.31% of circulating supply, at 12:00 p.m. UTC on Aug. 25 - HUMA: 459 million tokens ($10.07 million), representing 16.70% of circulating supply, at 1:00 p.m. UTC on Aug. 26 - FF: 77.14 million tokens ($6.67 million), representing 2.57% of circulating supply, at 1:00 p.m. UTC on Aug. 29 - CARDS: 28.84 million tokens ($5.41 million), representing 5.45% of circulating supply, at 7:00 p.m. UTC on Aug. 29 - KMNO: 229 million tokens ($5.71 million), representing 2.89% of circulating supply, at 12:00 p.m. UTC on Aug. 30

Crypto market maker Wintermute deposited 1,279.99 BTC to Binance in eight transactions over the past 18 hours, according to Onchain Lens. The transfers were worth about $98.68 million. The most recent transaction took place about 30 minutes ago and involved 90.1 BTC worth about $6.97 million. Exchange deposits are typically interpreted as a sign of intent to sell.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows a volume heatmap, while the lower section represents 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 makes a large move. Brighter zones may act as support or resistance levels. - The CVD indicator in the lower section shows buy and sell orders by order size. As buy orders increase, the line for 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.

The major global macro events scheduled for the fourth week of August are as follows, based on Korea Standard Time: - Aug. 26, 12:30 p.m. UTC: U.S. July core personal consumption expenditures (PCE), second-quarter GDP preliminary reading - Aug. 27, 1:00 a.m. UTC: South Korea benchmark interest rate decision - Aug. 27, 12:30 p.m. UTC: U.S. initial jobless claims

Dunamu, the operator of South Korean crypto exchange Upbit, has completed practical preparations for a U.S. listing, including a recent switch of its financial statements to U.S. GAAP, The Chosun Daily reported, citing investment banking industry sources today. The company is pursuing a U.S. listing without relocating the entire business to the United States, according to the report. Sources said Dunamu has ruled out a “flip” structure under which it would set up a U.S. holding company and place the South Korean entity under it as a subsidiary. In such a structure, existing shareholders would exchange shares in the South Korean entity for shares in the U.S. holding company.

Crypto market maker Wintermute added several million dollars more to Hyperliquid and increased its short positions to $190.77 million from $146.19 million, according to Onchain Lens. The largest short position was in ETH at $53.02 million, followed by BTC at $30.66 million, SOL at $22.62 million, HYPE at $11.43 million, and XRP at $10.19 million.

Hundreds of thousands of corporate and foreigner accounts are registered on South Korean virtual asset exchanges, but only a tiny fraction are actively used, according to the Seoul Economic Daily. As of the end of last month, the five major South Korean virtual asset exchanges had a combined 6,590 registered corporate accounts and 566,352 foreigner accounts, the report said. Actual usage was limited. Among general corporate accounts, only 29 were active last month, meaning they were used at least once for trading, swaps, staking, or virtual asset deposits and withdrawals. Of those, 22 were accounts at Dunamu.

South Korea’s National Tax Service is holding its first advisory panel meeting today as it aims to establish a notice on digital-asset, or virtual-asset, taxation as early as October, Edaily reported. The National Tax Service is set to hold a closed-door meeting on Aug. 24 with a 12-member advisory committee on drafting the notice and begin full-scale discussions. Meanwhile, the government and ruling Democratic Party plan to proceed as scheduled with taxation from January next year under the principle that income should be taxed, while the opposition party is calling for either repeal or a delay, arguing the policy is unfair compared with stocks and that preparations remain insufficient.

A vulnerability exploit hit a vault at Ethereum-based fixed-rate lending market Term Finance, resulting in the theft of about $8.5 million in assets, The Block reported. The hacker is estimated to have stolen 2,843 ETH worth about $6.9 million and 1.68 million USDC. The 1.68 million USDC was later swapped for about 1.68 million DAI. Term Finance said it had confirmed the hack affecting its Term Vault and would disclose further details after completing its investigation.

Tether has halted a roughly $120 million Bitcoin mining project in Uruguay, The Block reported. The project had been seen as a first step in expanding across the broader South American market, but the effort was scrapped amid a contract dispute between Tether and Uruguay’s state power company UTE. The two sides disagreed over the amount of electricity to be supplied to two mining facilities under the contract. Tether interpreted the agreed power volume as a minimum supply level that could be increased later, while UTE viewed it as a ceiling that could not be exceeded. The parties later tried to revise the contract terms to resolve the dispute, but no agreement was reached after Tether representatives did not attend the signing meeting for the amended contract.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,007.23 on the Binance USDT market.

XRP has fallen by 3.37% in the past five minutes on the COINNESS market. Currently, XRP is trading at $1.48.

ETH has fallen by 2.13% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,399.91.