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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: 50.6% long, 49.4% short - Binance: 50.74% long, 49.26% short - Bybit: 50.49% long, 49.51% short - OKX: 50.55% long, 49.45% short

South Korean exchange Upbit announced a temporary suspension of ICX deposit and withdrawal services from the time of the notice, citing signs of a security incident involving ICON (ICX).

A South Korean court has ruled in Bithumb’s favor in the first trial over its mistaken Bitcoin payout incident in February, ordering the return of proceeds from the sale of wrongly credited BTC, Digital Asset reported. The outlet said four separate return lawsuits are under way, and the first ruling in Bithumb’s favor has increased the likelihood that the exchange will recover sale proceeds in the other cases as well. The civil suit seeks the return of unjust enrichment from users who sold the mistakenly credited Bitcoin and kept the cash. Bithumb filed civil lawsuits in March against four users seeking the return of unjust enrichment.

Connecticut has filed a lawsuit to block Kalshi from offering sports event contracts in the state, The Block reported. Kalshi criticized the move as arbitrary and inconsistent enforcement, citing the continued operation of other prediction markets in Connecticut.

Franklin Templeton CIO Seth Ginns said large investors have started allocating capital to highly liquid cryptocurrency funds in ways not seen before, calling it a turning point for the market.

U.S. spot Ethereum ETFs recorded $192.4 million in net inflows on Aug. 26, marking an eighth straight trading day of net inflows, according to Farside Investors. - BlackRock ETHA: +$115.7 million - BlackRock Staking ETHB: +$6.4 million - Fidelity FETH: +$32 million - 21Shares TETH: +$2.7 million - Franklin Templeton EZET: +$0.9 million - Grayscale Mini ETH: +$34.7 million

U.S. spot Bitcoin ETFs recorded a net inflow of $232.2 million on Aug. 26, marking an eighth straight trading day of net inflows, according to Farside Investors. - BlackRock IBIT: +$200 million - Fidelity FBTC: +$25.6 million - Bitwise BITB: +$6 million - Morgan Stanley MSBT: +$3.4 million - Grayscale GBTC: -$50.4 million - Grayscale Mini BTC: +$46.8 million

Bitcoin has entered a recovery phase, but strong selling pressure between $83,000 and $86,000 will be the key test for further gains, according to on-chain analytics firm Glassnode. Glassnode said U.S. spot Bitcoin ETFs saw $22.3 billion in net inflows during the rebound, marking the strongest weekly inflow this year. At the same time, signs of overheating in the futures market remain limited. BTC-denominated futures open interest fell 11%, while funding rates stayed near neutral levels, indicating excessive leverage has not rebuilt as spot prices recovered. The firm said the main challenge is a thick layer of supply above $80,000. Major resistance is clustered around $80,800 and $82,300, while multiple resistance levels overlap in the $82,000-$86,000 range, including long-term holder supply and sell walls on order books. Glassnode added that if BTC holds above $83,300 and spot ETF inflows continue, it could signal the market is successfully absorbing that selling pressure.

Dollar liquidity across key order-book levels remained broadly stable as BTC surged to $80,000, suggesting the move was supported by genuine buying demand rather than a thin-market spike, CoinDesk reported. The outlet said dollar liquidity at major quote levels held steady overall during BTC’s advance. Although liquidity edged lower on Aug. 25, it remained within normal ranges, and there was no clear drop in liquidity within 0.5% of the mid-price before or after the rally. CoinDesk said BTC’s roughly 24% rise to $80,000 appears to reflect the market absorbing real buying demand rather than a price distortion caused by low liquidity. The outlet added that August is typically the weakest period for liquidity across both crypto and traditional financial markets because of seasonal factors, making the stable market depth during the rally a sign of strong buying interest.

Cardano and Solana are exposing different structural weaknesses as they test separate on-chain governance models, with low voter participation and proxy voting issues coming into focus, CryptoSlate reported. CryptoSlate said Cardano requires approval from delegated representatives, or DReps, and staking pool operators, or SPOs, to move governance forward, but low participation from both groups is preventing the process from advancing. In Solana’s case, validators can vote using delegated stake, while individual governance votes are highlighting conflicts of interest among validators and confusion over how rules governing passage thresholds should be interpreted. Both networks face the challenge of maintaining effective governance while token holder participation remains low, according to the outlet.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - ETH: $64.93 million liquidated (63.37% shorts) - BTC: $51.42 million liquidated (56.85% longs) - SOL: $17.29 million liquidated (74.93% shorts)

Crypto treasury and tax solutions provider and AI infrastructure firm FinTax said it has raised seed funding in a round led by YZi Labs. Amber Group, Hashhouse FundiAI, Waverider International and Nexus Holdings also participated. The company was valued at $40 million, although the size of the investment was not disclosed. YZi Labs, which led the round, plans to work with FinTax to build institutional-grade treasury and tax infrastructure and regulatory compliance standards, while also cooperating in areas including payments.

An anonymous whale address starting with tySkDsZ withdrew 95,928 SOL worth $9.74 million from Coinbase, Lookonchain reported. Exchange outflows are typically interpreted as a sign of holding intent. Lookonchain added that the address made $4.95 million in profit over the past three years through two SOL swing trades, successfully buying near lows and selling near highs.

An address believed to be linked to a16z bought a total of 282,090 HYPE worth $24 million over the past 24 hours, AmberCN said. The address has now purchased and staked a total of 4.679 million HYPE worth about $381 million.

An anonymous whale address beginning with 0x6436 withdrew 79,800 HYPE worth $6.5 million from exchanges including Gate, OKX, and Bybit over the past 10 hours, according to Lookonchain. Exchange withdrawals are typically interpreted as a sign of holding intent. The address has so far withdrawn 1.36 million HYPE at an average price of $70, worth $95.6 million.

A Hack VC-linked address is estimated to have sold 21.85 million ENA worth $3 million through Wintermute four hours ago, according to ai_9684xtpa.

Trust in fiat currencies including the U.S. dollar is likely to weaken, bringing cryptocurrencies and gold into focus as alternative stores of value, according to a recent report from crypto asset manager Grayscale. Zach Pandl, Grayscale’s head of research, said expanded U.S. Treasury buybacks of long-term government bonds are only a stopgap measure that does not address the underlying problem of structural fiscal deficits. Pandl added that U.S. public debt surpassed $40 trillion for the first time on the day the buybacks were announced, while borrowing in the private sector has also risen sharply for AI infrastructure buildouts, adding to upward pressure on interest rates. He said unchecked growth in government debt is eroding confidence in fiat currencies and increasing investor demand for alternative stores of value, with cryptocurrencies including BTC, ETH and ZEC, as well as gold, likely to benefit.

The Bank of Korea raised its base rate by 25 basis points to 3.00% from 2.75%, marking a second straight increase after lifting it from 2.50% to 2.75% in July. The move brought the policy rate back into the 3% range for the first time since November 2024 after one year and nine months, while narrowing the gap with the U.S. base rate to 0.75 percentage point from one percentage point. This was only the fourth time the Bank of Korea has delivered consecutive rate hikes, following previous instances in July-August 2007, from November 2021 to January 2022, and from April 2022 to January 2023.

Havenex, an institutional crypto infrastructure platform, is in the final stages of closing its Series A funding round, Kostas Kryptos, co-founder of Sui developer Mysten Labs, said. The platform aims to build infrastructure that does not compete with existing exchanges and can offer both crypto and traditional financial assets while meeting regulatory and transparency standards for financial institutions. Havenex plans to support multichain environments, custody, and quantum-resistant security keys, and intends to use Sui technology where appropriate. Kryptos said Kryptos will serve in an advisory role for the launch of Havenex.

CoinMarketCap’s Altcoin Season Index rose two points from yesterday to 40. The index is calculated by comparing the price performance of Bitcoin with that of the top 100 coins 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.

Investors are buying both gold and Bitcoin as concerns mount over U.S. fiscal conditions and national debt, Bloomberg reported. According to Bloomberg data, a record $7 billion flowed into gold and Bitcoin ETFs over the past five trading days. About $3.4 billion went into State Street Investment Management’s SPDR Gold Shares (GLD), while $1.5 billion flowed into BlackRock’s spot Bitcoin ETF (IBIT). The two products ranked among the top 10 U.S.-listed ETFs by weekly inflows. Bloomberg said the simultaneous surge of funds into gold and Bitcoin stands out. It noted that during past bouts of market stress, gold drew attention as a safe-haven asset while Bitcoin was relatively overlooked. More recently, however, growing concerns over expanded U.S. government borrowing, the dollar’s value, and efforts to suppress long-term interest rates have lifted both scarce assets at the same time.

CoinMarketCap’s in-house crypto fear and greed index came in at 81, up one point from yesterday, with the market remaining in extreme greed territory. The index indicates extreme fear as it moves closer to zero and extreme optimism as it approaches 100. CoinMarketCap calculates the gauge based on price movements in the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put/call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel 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 moves sharply. Brighter zones may act as support or resistance levels. - The CVD indicator in the lower panel reflects buy and sell orders by capital size, with each colored line rising as buy orders increase in that category. The yellow line represents orders worth $100 to $1,000, while the brown line is based on large orders worth $1 million to $10 million.

Nasdaq-listed Ethereum treasury company SharpLink (SBET) received 586 ETH in staking rewards this week, bringing its total ETH holdings to 890,376, according to BitcoinTreasuries.NET. The amount makes SharpLink the second-largest ETH holder among publicly listed companies.

According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,000 on the Binance USDT market.