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Coinbase announced the addition of CP to its listing roadmap.

A Georgia man charged in a $165 million cryptocurrency Ponzi scheme is set to appear in federal court after Fijian authorities deported him to the U.S. last week. Prosecutors said Edward Zimbardi planned and promoted a pyramid scheme called The Crypto Program from June 2022 to August 2023, promising investors monthly returns of 25%. Zimbardi fled to Fiji after the fraud was exposed and was deported to the U.S. by Fijian authorities last week. He faces charges of wire fraud and money laundering.

The three major U.S. stock indices closed lower today. - S&P 500: -0.52% - Nasdaq: -0.32% - Dow Jones: -0.51%

Tom Lee, chairman of Bitmine (BMNR), said Ethereum is likely to surge against Bitcoin over the next few years, according to U.Today. Lee said Ethereum’s next major upside driver could be far bigger than the factors that led the previous crypto cycle, adding that the ETH/BTC ratio’s rise to 0.02994 is an encouraging sign. He said the market is starting to recognize growing Ethereum usage in tokenization and agentic AI applications.

Michael Saylor, chairman of Strategy, said share buybacks of MSTR are not currently a company priority, though the company could repurchase shares if the stock trades at a steep discount to net asset value, according to CoinDesk. Saylor said Strategy is currently focused on its STRC preferred stock business and building cash reserves, with about $4.8 billion in cash on hand. He said ample cash provides flexibility for additional Bitcoin purchases, buybacks of common and preferred shares, and debt repayment. Saylor added Strategy could also sell Bitcoin if needed to keep STRC dividends stable. Strategy is aiming to keep STRC near its $100 issue price, while Saylor emphasized MSTR investors should take a long-term view of at least four years.

A potential data breach at Israeli crypto exchange Bits of Gold may have exposed the personal information of as many as 250,000 customers, CryptoSlate reported. The data that may have been exposed includes names, national ID numbers, phone numbers, email and IP addresses, bank account information, and public cryptocurrency wallet addresses. Account passwords and ID document images were not exposed, according to the report. The exchange said customer funds and crypto assets remain safe. Following the incident, Paz, a major Israeli energy distributor, temporarily suspended the Bitcoin purchase service offered through its Yellow convenience store app. Bits of Gold and Paz had previously entered into a partnership for Bitcoin purchases and custody.

U.S. 30-year Treasury yield tops 5.31%, highest in 19 years The yield on the 30-year U.S. Treasury rose above 5.31%, reaching its highest level in 19 years.

Bitfinex said Bitcoin is showing characteristics of a mid-to-late-stage bear market, with the token trading between its long-term realized price of $52,699 and short-term holder realized price of $67,176, according to Wu Blockchain. Bitfinex said the midpoint of those realized prices, around $63,200, has acted as support over the past two weeks, and a break below that level could put June’s low of $57,803 back in focus. The exchange added that despite easing U.S. inflation data and record highs in the stock market, those favorable conditions have yet to fully spill over into crypto markets. Bitfinex said it is difficult to expect a full liquidity recovery in crypto based on an improved macro backdrop alone until indicators such as recovering inflows into Bitcoin ETFs and renewed growth in stablecoin supply improve at the same time.

U.S. crypto-related stocks are trading higher, with Strategy (MSTR) up 4.74%, Coinbase (COIN) up 1.64%, Circle (CRCL) up 4.2%, Bitmine (BMNR) up 4.3%, and SharpLink (SBET) up 2.64%.

Ethereum developers have pushed back the target timing for the next mainnet upgrade, Glamsterdam, to the fourth quarter of 2026 from the first half of 2026 and have begun defining the scope of the follow-up upgrade, Hegotá, CryptoSlate reported. The developers have launched Platåberget, Glamsterdam’s public testnet, and plan to expand testing to the Sepolia and Hoodi testnets after several months of testing. Ethereum core developers are also reviewing 66 Ethereum Improvement Proposals, or EIPs, currently proposed for Hegotá and plan to finalize the priority candidates by the end of this month. Hegotá could include faster block production, higher Layer 1 throughput, stronger censorship resistance, and improved privacy features, although many proposals are likely to be excluded or deferred to a later upgrade as developers weigh the timeline and development schedule.

Ledger CEO Pascal Gauthier said perfect security does not exist, according to U.Today. He said the crypto industry should stop addressing security issues by placing greater responsibility on users, adding that self-custody can only remain limited if ordinary users are expected to understand every possible technical failure. Gauthier also stressed that hardware wallet makers should design systems that remain safe even when users make mistakes, and that users should not automatically trust manufacturers’ claims about product security.

Stanley Druckenmiller’s family office, Duquesne, sold its holdings in Intel and Micron Technology and newly invested in four Bitcoin mining companies: Bitdeer Technologies, Riot Platforms, Hut 8, and IREN, Bitcoin News reported.

The Block said on X that Bitcoin mined in July by U.S.-listed Bitcoin mining firms CleanSpark, BitFuFu and Canaan fell about 5%, 10% and 28%, respectively, from the previous month. The outlet noted that while Bitcoin rebounded from about $58,500 at the start of the month to about $63,000 by month-end, output at major miners declined across the board. It added that the three companies had also posted lower Bitcoin production in June than in May.

Compound Finance has replaced senior management and approved a record $52 million budget as it seeks to revive growth after total value locked fell from a 2021 peak of $12 billion to $1.2 billion, CoinDesk reported. The protocol is focusing on attracting institutional clients by developing real-world asset products, integrating with partners, and building credit infrastructure designed to meet existing financial regulatory requirements and technical standards. As part of that push, Compound appointed former Near Protocol COO Christopher Donovan, former Maple Finance executive Steven Liu, and former Coinbase Custody CEO Aaron Schnarch, according to CoinDesk.

Glassnode co-founder Rafael Schultze-Kraft said Bitcoin’s current low-volatility phase may not represent a good investment opportunity. He said BTC implied volatility has fallen to the lowest 2% in history, while the options market is still pricing volatility at about 1.5 times realized levels. Schultze-Kraft added the "Vol Value Trap" score has reached 91, the highest level in three and a half years. He also said such an extreme volatility compression phase could signal a major volatility expansion ahead, although the direction would depend on the macroeconomic environment, fund flows and market catalysts.

Bitcoin exchange reserves have climbed to their highest level since June 15, easing supply shortage concerns that had been tied to ETF demand, according to on-chain analytics platform Santiment. Exchange-held BTC fell by about 33,000 BTC, or 2.5%, from around 1.337 million BTC on June 12 to about 1.304 million BTC on July 28, before rebounding to roughly 1.332 million BTC as of Aug. 16, recovering about 84% of the decline. Santiment said new ETF demand can be met through OTC desks and existing holders, meaning Bitcoin does not necessarily need to leave exchange wallets, and added that spot ETF inflows and rising exchange balances can occur at the same time.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,110.86 on the Binance USDT market.

Binance plans to apply for a UK crypto license from the Financial Conduct Authority to reenter the British market, according to Wu Blockchain. Wu Blockchain said the FCA will begin accepting license applications on Sept. 30, while the new regulatory regime will take effect on Oct. 25, 2027. Companies must establish a UK base and meet authorization, governance, and compliance standards. Binance is also expected to set up a local board in the UK for that process.

U.S. Treasury Secretary Bessent said the Treasury Department is moving quickly to implement the GENIUS Act on crypto stablecoins, according to the Watcher.Guru X account.

A code flaw in the seed phrase generation process of hardware wallet maker Coldcard went undetected for years and led to the theft of about $100 million worth of BTC, CoinDesk reported. Galaxy Research estimated that 1,596 BTC was stolen from about 7,300 addresses. The vulnerability emerged during a firmware overhaul in 2021. Although Coldcard was designed to generate seeds using sufficient randomness from dedicated hardware, a configuration error caused it to use a more predictable software-based method instead, sharply reducing the entropy needed for seed generation. Analysts concluded this allowed attackers to estimate possible seed combinations and gain access to private keys. CoinDesk said the flaw remained undiscovered for years even though the source code was public, as reviewers failed to verify which random number generator was actually used in seed creation. Coldcard has now distributed patched firmware, but said seeds created under the vulnerable firmware cannot be protected through an update alone and users should generate new seeds and move their BTC to new addresses.

Harmony plans to roll back its blockchain to the state before the Aug. 11 attack after a malicious exploit led to the large-scale minting of counterfeit ONE tokens, The Block reported. During the attack, a specific wallet moved about 2.4 trillion ONE in less than two minutes. Harmony said it traced the movement of most of the forged tokens, but isolating or burning only those holdings without affecting legitimate assets was not possible. The company said a full fixed rollback to the pre-attack state was the fairest and safest solution, while warning that legitimate transactions made after Aug. 11 could also be affected if the rollback goes ahead.

WLFI said it received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency to establish World Liberty Trust Company, N.A. After final approval, WLFI plans to have the trust company directly handle issuance and redemptions of its USD1 stablecoin and manage reserve assets. The company also plans to offer digital-asset custody services for institutional investors. WLFI described the approval as a milestone rather than the final step and said it must meet additional OCC conditions before it can begin operations.

The U.S. Treasury Department has released a draft rule to implement the GENIUS Act, a stablecoin regulation law, and opened a 60-day public comment period. The proposal focuses on setting detailed standards to apply the law’s requirements in the market, including issuer licensing and restrictions on circulation in the United States. It is set to clarify what qualifies as issuing a payment stablecoin in the United States and how broadly providing or selling stablecoins to U.S. users will be defined. Under the GENIUS Act, businesses seeking to issue payment stablecoins in the United States are generally required to obtain federal or state authorization, while stablecoins issued by overseas issuers that fail to meet certain requirements are also restricted from circulating in the United States. The law has already been enacted, and the U.S. Treasury and related agencies are now drafting the implementing rules needed for actual regulatory enforcement. U.S. Treasury Secretary Scott Bessent said clear regulation would support innovation by U.S. companies while strengthening the dollar’s role as the world’s reserve currency and making the United States a global crypto hub.

Glassnode said in its latest market report that early signs are emerging of stabilizing selling pressure in the Bitcoin market as the pace of capital outflows has recently slowed. Spot trading volume and on-chain activity remain subdued, while spot ETFs are still seeing outflows, indicating selling pressure is still present, Glassnode said. Even so, the intensity of capital leaving the broader market is gradually weakening, with short-term selling and long-term held supply increasingly offsetting each other as the market moves toward balance. BTC fell from around $65,000 last week and has since posted a modest rebound while remaining range-bound, according to the report. Although no clear upside catalyst has emerged yet, Glassnode said continued moderation in capital outflows could allow the current sideways range to develop into a stabilization phase before the market sets its next direction.

Nasdaq-listed Bitcoin mining machine maker Canaan said it mined 46 BTC in July, bringing its crypto holdings as of month-end to 1,917 BTC and 3,952 ETH. Canaan’s self-operated mining facilities had a hash rate of 10.05 EH/s at the end of July, while the operating hash rate at its Alborz joint venture, which had faced disruptions from wildfires, recovered to 4.20 EH/s. The company also said it recently authorized management to sell part of its crypto holdings for share buybacks and plans to use mined BTC for capital management depending on market conditions.