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Sui unveiled Tessera, a B2B payments and settlement network designed to keep transaction amounts private, according to its official X account. In explaining the prototype, Sui said institutions are reluctant to settle trades on infrastructure where competitors can see prices and volumes. Sui added most blockchains disclose transaction amounts transparently, which has been a major reason blockchain has not been used for real-world business-to-business payments. Built on Seal MPC and confidential transfers, Tessera is intended to address privacy issues in intercompany transactions while allowing counterparties, regulators and other authorized parties to view transaction information as needed.

Bitfinex said the amount of staked Ethereum has reached a record 41.7 million ETH, equal to about one-third of the token’s total supply. Bitfinex said, "the amount staked is rising, but Ethereum's price has fallen from around $3,400 in January to $1,900." The exchange explained that as the staked amount increases, staking rewards also keep rising, driving growth in circulating supply. As a result, the total amount of staked Ethereum is also structured to keep increasing.

SkyAI, formerly Sharp Technology, sold 135,399 SOL for $12.47 million in the first half of this year, CryptoSlate reported. In a filing with the U.S. SEC, SkyAI disclosed the first-half SOL sales and said it could continue raising funds through additional token sales until it can generate sufficient cash from operations. As of the end of the second quarter, the company was still holding SOL and had about $84.34 million in unrealized losses for the first half. SkyAI currently holds 1,494,026 liquid SOL and 509,650 locked-up SOL, according to the report. With SOL trading at around $75.63, the value of SkyAI's holdings stands at about $151 million.

CryptoQuant head of research Julio Moreno said hackers behind the Coldcard Bitcoin hardware wallet breach are keeping about 83% of the stolen BTC concentrated across five wallets. Moreno added the five addresses hold a combined 1,127 BTC, indicating most of the stolen Bitcoin remains stored in a small number of addresses.

BlackRock Canada has launched the IBQT exchange-traded fund, which allocates 3% of its portfolio to Bitcoin, according to Cointelegraph. The product invests 97% of its portfolio in Canadian, U.S., international and emerging-market equities, with the remaining 3% allocated to Bitcoin through BlackRock’s Canadian IBIT.

According to CoinNess market monitoring, BTC has fallen below $64,000. BTC is trading at $63,993.48 on the Binance USDT market.

Upbit announced a temporary suspension of RVN deposits and withdrawals due to a network issue affecting Ravencoin.

Keel Infra, a Nasdaq-listed Bitcoin miner, said it has ended all Bitcoin mining operations in the U.S. and will repurpose its existing mining facilities for AI and high-performance computing data centers. The company also said second-quarter revenue fell 50% from a year earlier to $30.4 million, while quarterly net loss came to about $65 million. From April 1 to Aug. 7, Keel Infra sold a total of 1,085 BTC for about $75 million, reducing its Bitcoin holdings to 1,861 BTC.

South Korea’s tax authorities will hold the first meeting of an advisory panel on Aug. 24 as they aim to establish a tax notice on digital assets in October, Edaily reported in an exclusive. According to Edaily, South Korea’s National Tax Service digital assets division completed the 12-member panel on Aug. 7, and the group plans to begin full-fledged discussions at its first meeting later this month. The National Tax Service also required advisers to sign pledges not to disclose any related matters externally, including whether they were participating, the panel’s composition, discussion details, and meeting schedules.

Bitcoin mining difficulty has fallen about 18.5% from the peak recorded on July 16, marking the biggest drop since China banned Bitcoin mining in 2021, according to Unfolded. Unfolded added that the decline is smaller than the 32% drop from peak levels during the 2018 bear market and the 45% drop seen in 2021. Historically, sharp declines in mining difficulty have often coincided with cycle bottom areas, it said. At the same time, if bearish conditions persist for an extended period, pressure on the mining industry could intensify and trigger capitulation selling. Conversely, if Bitcoin rebounds after miners finish capitulating, the correction could act as a catalyst for a bullish reversal.

The Optimism Foundation said its OP buyback program will be reviewed for continuation after the initial 12-month period ends, according to BeInCrypto. Monthly OP buybacks fell 87% to 926,000 OP in April from 6.95 million OP in March. Optimism launched the program in January, using up to half of Superchain revenue to buy OP each month. The foundation has carried out three buybacks so far, in January with 1.57 million OP, in March with 6.95 million OP, and in April with 926,000 OP. A total of 513.9 ETH, worth about $975,000, was used across the three buybacks. CoinNess previously reported the Optimism Foundation halted OP buybacks starting in May.

Kalshi traders cut odds of September Fed rate hike to 46% Users of crypto-based prediction market Kalshi now see a 46% chance of a Federal Reserve rate hike in September, down about 21 percentage points from 67% a week earlier.

Federal Reserve Chair Kevin Warsh has sold all financial assets he had previously pledged to divest, including cryptocurrency holdings, according to documents filed with the U.S. government ethics office. Some investment assets, including undisclosed underlying assets, are still understood to remain. According to Kevin Warsh’s asset disclosure released in April, Warsh had invested in cryptocurrencies including Compound, a DeFi lending protocol, Optimism and Blast, both Ethereum layer-two networks, and Solana. After taking office in May, Warsh divested most of those assets to meet ethics office requirements.

Vitalik Buterin has released an updated version of the Ethereum roadmap first published in 2023, with quantum security given higher priority and several new technical directions added. While the roadmap remains largely unchanged, some technology priorities were adjusted and multiple new technologies and design directions were added. In particular, quantum security was elevated, while VDFs, or verifiable delay functions, and some EVM improvement proposals were moved lower. New additions include privacy, post-quantum scalability improvements, simplified protocol specifications and native rollups. Buterin said Ethereum will become quantum-resistant and put user privacy first, while remaining secure and censorship-resistant and delivering high performance and scalability. Buterin added Ethereum will ultimately evolve into a simpler, more streamlined protocol.

Jupiter, a DEX in the Solana ecosystem, has launched V2 of its in-house lending platform Jupiter Lend, according to CoinDesk. Jupiter Lend V2 supports using deposited and borrowed assets simultaneously as trading liquidity, allowing users to earn lending interest and swap fee income on the same assets. DeFiLlama data shows Jupiter Lend holds $1.9 billion in deposits, while fees generated over the past 30 days totaled about $1.6 million.

A recent Bank of America survey of high-net-worth investors found that those aged 21 to 43 allocate 53% of their portfolios to assets outside traditional stocks and bonds. In related commentary, crypto asset manager Grayscale said more than $100 trillion in assets is expected to shift to younger generations over the coming years, and their strong preference for alternative investments could act as a tailwind for the crypto market.

Bithumb announced on its official website that it has temporarily suspended deposits and withdrawals for Data Network (DATA) and ARIA Protocol (ARIAIP) starting at 2:40 p.m. UTC today for wallet system maintenance.

SharpLink (SBET), a Nasdaq-listed company pursuing an Ethereum treasury strategy, posted a second-quarter net loss of $394.3 million, the company announced on Aug. 10. Second-quarter revenue totaled $11.5 million, including $11.2 million from ETH staking. The net loss included $321 million in unrealized crypto losses and $76.1 million in impairment charges tied to LsETH and weETH. SharpLink held 886,881 ETH at the end of the second quarter, with holdings rising to about 888,938 ETH as of Aug. 3.

Analysts increasingly believe Bitcoin has already bottomed, according to CryptoPotato. The outlet said BTC rebounded after hitting a low near $58,000 in early July and was recently trading about 16% higher. Against that backdrop, several widely followed analysts, including Ali Martinez, Michaël van de Poppe and Merlijn The Trader, have suggested Bitcoin may already have found its bottom. Another analyst, TedCcrypto, said the uptrend is likely to continue as long as Bitcoin holds support at $63,000, while MaxCrypto said BTC has broken above a 10-month downtrend line and appears ready to shift into an uptrend. Rekt Fencer also projected Bitcoin could rise to $400,000.

Solstice Finance, a Solana-based DeFi protocol, has launched a product that offers indirect exposure to dividend income and price volatility tied to Strategy’s perpetual preferred stock STRC, CoinDesk reported. The product does not tokenize STRC shares or require users to hold STRC directly. Instead, users deposit Solstice’s dollar-pegged settlement token USX into a vault and receive one of two Solana tokens linked to the performance of a portfolio holding the Nasdaq-listed preferred shares.

Bitcoin has stabilized around $65,000 after rebounding from a late-June low near $58,000, but it remains unclear whether the move marks a full shift into an uptrend, according to on-chain analytics firm Glassnode. Glassnode said active market buying in the spot market has risen sharply, while overall exchange trading volumes remain subdued, suggesting some aggressive buying demand has returned but broad market demand has yet to expand. In derivatives, it said aggressive directional trading has also increased. Taker activity in perpetual futures has moved above its statistical upper range, but open interest and funding rates have not risen excessively. Leverage is increasing, Glassnode said, but not to overheated levels. In the options market, lower costs for downside protection indicate investors' near-term caution is easing. The firm added institutional demand is the most positive signal. On-chain data also shows a rising share of short-term capital, indicating price-sensitive investors are returning to the market. At the same time, activity on the Bitcoin network itself remains weak, with both active addresses and fee revenue still at low levels, suggesting underlying blockchain demand has not clearly recovered. The share of BTC in profit has increased, but realized losses on-chain still exceed realized gains. Glassnode said Bitcoin is moving beyond the initial stage of recovery, though it is too early to conclude the market has shifted into a strong bull phase. Institutional buying and aggressive market buying are positive signs, it said, but spot liquidity and on-chain activity also need to recover for the uptrend to spread across the broader market.

The three major U.S. stock indices opened lower today. - S&P 500: -0.06% - Nasdaq: -0.06% - Dow Jones: -0.1%

ETH institutional demand hits 2.8x daily new supply, analyst says Institutional demand for ETH has reached about 2.8 times its daily new issuance, significantly outpacing supply, Jamie Coutts, a crypto market analyst at Real Vision, said. By contrast, institutional demand for BTC was about 23% below new issuance. Most institutional inflows are currently being driven by spot ETFs, while buying activity from digital asset treasury companies has remained relatively muted. Coutts added that ETF flows move with price rather than serving as a leading indicator for future price moves, while demand is improving and ETH is currently showing clearer strength than BTC.

Ethereum Foundation deposits 566.27 ETH to unlabeled address

Bitmine said it bought an additional 7,391 ETH over the past week, bringing its total holdings to 5,805,238 ETH, or about 4.8% of total ETH supply. The company said 5,067,309 ETH, about 87% of its holdings, is currently staked, with expected annual staking revenue of about $257 million.