Live Feed

LG CNS is developing a platform that supports the issuance, trading and distribution of stablecoins, Digital Asset reported. According to the company’s half-year report released on Aug. 14, LG CNS has designated blockchain as one of its main R&D areas and is developing platforms and underlying technologies for stablecoin issuance, trading and distribution. In the blockchain segment, the company is also developing a "Digital Trust solution" and listed a stablecoin-based issuance, trading and distribution platform as a key project. It is also pursuing technologies needed for CBDC and stablecoin transactions.

South Korean crypto exchanges Upbit and Bithumb announced they will delist Storj (STORJ), ThunderCore (TT) and JasmyCoin (JASMY) at 6:00 a.m. UTC on Sept. 14, saying the reasons for their trading warning designations had not been resolved. South Korean exchange Coinone also announced an extension of STORJ's delisting watchlist designation.

BTC fell below $63K on Binance.

A market analysis by crypto analyst Murphy said BTC bought last year is now mostly underwater at current prices, and a decline in those holdings, excluding wallet transfers, suggests stop-loss selling is taking place. In a post on X, Murphy said BTC bought in 2025 has fallen 41.5% from the December 2024 peak, leaving 4.77 million BTC. Murphy added that in past bear-market bottoms, BTC bought near the previous bull-market peak declined 62% in 2018 and 51% in 2022. Applying that pattern mechanically, Murphy said the market could form a bottom when the decline reaches around 50% to 60%, versus about 41% now. Murphy also said the pace of selling has slowed noticeably since February, the remaining holdings have shown limited movement, and additional selling pressure could be limited when factoring in BTC held by ETFs and Strategy.

BTC perp long/short ratios on top exchanges by open interest 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: 49.99% long, 50.01% short - Binance: 48.71% long, 51.29% short - OKX: 48.4% long, 51.6% short - Bybit: 48.87% long, 51.13% short

Former Cyworld Z CEO Kim Ho-gwang said he will ask financial authorities and other relevant agencies to investigate after receiving a tip that materials were being circulated to induce purchases of unlisted cryptocurrency RYSEN using the Cyworld brand, Digital Asset reported. Kim also disclosed a complaint document titled 'Request for an investigation into deceptive investment inducement involving RYSEN and Sigma Chain Cyworld use' on the same day. Kim raised concerns about RYSEN’s operating structure, arguing that the token runs on the Sigma Chain mainnet and that authorities need to determine whether its actual wallet operations make it subject to virtual asset service provider, or VASP, reporting requirements.

South Korean lawmaker Park Soo-young called for the withdrawal of a plan to tax virtual asset gains, saying it amounted to pressuring investors to put money into domestic stocks or face a heavy tax burden, Digital Asset reported. On his YouTube channel "Park Soo-young's Economy TV" on Aug. 13, Park said he wanted authorities to immediately scrap what he described as a punitive tax plan targeting 13 million digital asset users. He said abolishing the financial investment income tax in the name of supporting the domestic stock market while imposing punitive taxes only on digital assets was effectively a threat to investors who chose not to invest in local equities, and added that such a policy would not revive the domestic stock market but would instead accelerate the outflow of national wealth to overseas markets.

Bithumb announced it will temporarily suspend ALLO deposits and withdrawals at 10:00 a.m. UTC on Aug. 18 to support the Allora network upgrade.

JPMorgan ended its business relationship with Polymarket last year over regulatory concerns, but it has maintained ties while seeking a role as an underwriter for the company's IPO, the Financial Times reported.

U.S. spot Ethereum ETFs recorded about $5.9 million in net inflows on Aug. 13, marking a second straight day of net inflows, although the pace slowed from the previous day, according to Farside Investors. - BlackRock ETHA: -$600,000 - Grayscale Mini ETH: +$6.5 million

U.S. spot Bitcoin ETFs saw net outflows of about $131.1 million on Aug. 13, according to Farside Investors. The outflow widened markedly after the group turned to net outflows a day earlier. - BlackRock IBIT: -$5.7 million - Fidelity FBTC: -$55.1 million - Bitwise BITB: -$9.3 million - ARK Invest ARKB: -$58.8 million - Invesco BTCO: -$7.9 million - WisdomTree BTCW: -$4.0 million - Morgan Stanley MSBT: +$7.1 million - Grayscale GBTC: -$36.3 million - Grayscale Mini BTC: +$38.9 million

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $48.37 million liquidated (83.93% longs) - ETH: $29.91 million liquidated (70.75% longs) - AKE: $8.45 million liquidated (88.56% shorts)

South Korean exchange Bithumb announced it will temporarily suspend POKT deposits and withdrawals at 9:00 a.m. UTC on Aug. 18 to support the Pocket Network (POKT) network upgrade.

Norway’s Government Pension Fund Global, the country’s largest sovereign wealth fund, held 6,151,062 shares of Ethereum treasury company Bitmine (BMNR) worth about $81.9 million as of the end of the second quarter, The Defiant reported. Bitmine was not included in the fund’s holdings at the end of last year, but it appeared in a report for the end of June. The specific timing and purchase price were not disclosed.

South Korea’s Financial Intelligence Unit said virtual asset service providers may face administrative delisting from the registry even after filing if they receive listing fees in exchange for token listings, Digital Asset reported. The FIU specified grounds for such action as cases in which a business receives money or other benefits from others through improper means in connection with its operations, or acquires funds or other assets to give to others, citing as an example a provider charging a listing fee in return for listing a digital asset. The report added the provision had already been included in the manual in July 2024 through the legislative process.

South Korean exchange Upbit announced a change to the circulating supply schedule for SAFE. Under the revised plan, an additional roughly eight million to more than 27 million tokens will be released each month from August 2026 through September 2027. The previous schedule had only extended through September 2027, while the latest update adds a timeline through July 2029.

A Washington state court in the U.S. ordered prediction market platform Kalshi to stop offering event contract trading, Cointelegraph reported. The court ruled the products were likely to constitute illegal gambling.

Former U.S. SEC official Anne Kelly said on X that the SEC does not need to wait for the CLARITY Act to pass before starting rulemaking for digital assets. In an English-language post, Kelly said, "SEC can initiate rulemaking first, and even if CLARITY passes later, the bill’s provisions can be reflected through additional rule proposals. Even if CLARITY passes immediately, it would still take at least several months for the SEC and the CFTC to draw up detailed implementation rules. Congress and regulators are partners, not adversaries."

Equation founder Vida has sold one-third of a BTC portfolio, according to ai_9684xtpa. Vida said in "1~3 years" Vida plans to buy BTC again at lower prices of $45,000 to $55,000. Vida added that even if a new bull market emerges, the new narrative does not look optimistic and remains vulnerable to the AI narrative, U.S. Treasurys and dollar volatility. Vida bought $3 million worth of spot BTC at an average price of $59,000 in early February.

MSCI reviews excluding Strategy, Metaplanet from global indexes

Asset manager VanEck said Bitcoin is approaching a cycle bottom, according to Cointelegraph. VanEck added the signal could prompt investors to resume buying.

Avalanche treasury company Avalanche One Technology (AVX) posted second-quarter revenue of $2.8 million, up about 460% from a year earlier, Business Insider reported. About 75% of revenue came from AVAX staking rewards, while Bitcoin mining revenue totaled about $700,000. Net loss for the quarter widened to $35.1 million, and the company held 14.09 million AVAX as of Aug. 13.

Crypto asset manager Bitwise said it has partnered with real-world asset token issuer Superstate and plans to launch a service that will let investors hold shares of its Solana staking ETF, BSOL, as blockchain-based tokens. Investors will still buy the ETF in the same way as before, then choose to hold it either through traditional book-entry records or in tokenized form. Bitwise said it is considering BSOL as the first fund for the offering and may expand the tokenized share-holding service to other funds.

World Liberty Financial delays Maldives resort-linked token launch World Liberty Financial, the Trump family’s DeFi project, has delayed the launch of a token tied to a Trump-branded resort in the Maldives, Bloomberg reported, citing sources. The token was designed to give investors a share of proceeds generated from loans financing the resort’s development and had initially been scheduled for launch in the spring. The plan was put on hold as the Iran war disrupted travel in the region, and no new launch timeline has been set.

South Korea’s National Tax Service has issued an alert after hacking attempts emerged under the pretext of providing guidance on virtual asset taxation, the Tax Daily reported. The agency urged recipients not to click links or attachments in emails with subject lines such as “가상자산 과세 사전 소명안내,” adding that some cases have led to personal data leaks.