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South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals on the STEEM, SBD, HIVE and HBD networks from 1:00 p.m. UTC on Aug. 12 for a wallet upgrade.

Binance announced it will delist four spot trading pairs — QNT/BTC, RPL/USDC, SIGN/BNB and SKL/USDC — at 3:00 a.m. UTC on Aug. 7, according to a notice on its official website.

Coinbase BTC premium stays negative for record 78 straight days The Coinbase Bitcoin Premium Index has remained in negative territory for 78 consecutive days from May 19 through today, according to CoinGlass. As of 9:00 a.m. UTC on Aug. 4, the latest reading stood at -0.1145%. The previous longest stretch of negative premium lasted 40 days, from Jan. 16 to Feb. 24 this year. With buying pressure from U.S. investors relatively subdued, the duration of the negative premium has continued to set new records. Historical data show that extended periods of negative premium have often coincided with slower buying by U.S. investors and weaker institutional demand.

Bernstein said valuations for Texas-based Bitcoin miners and AI infrastructure companies with secured power capacity are likely to rise as the U.S. state of Texas begins auditing grid interconnection projects for data centers, The Block reported. Citing growing political opposition to new data centers and potential limits on new power supply under state regulations, Bernstein said the scarcity value of already approved megawatts would increase, making it reasonable to expect higher returns per MW. Based on that view, the investment bank maintained its outperform rating on Cipher Mining (CIFR), CleanSpark (CLSK), Core Scientific (CORZ), IREN (IREN), Riot Platforms (RIOT) and TeraWulf (WULF), while assigning a market-perform rating to MARA Holdings (MARA).

Bitcoin is showing on-chain indicators similar to those seen in past bottoming phases from a four-year cycle perspective, according to an analysis by crypto analyst Crypto Dan. Crypto Dan said the share of coins held for one week to one month based on Bitcoin’s realized market capitalization has fallen to around 5%, while the price has been moving sideways after a correction. Crypto Dan added that it is still too early to be certain a cycle bottom has formed, but, as in past bottoming phases, investor participation has clearly weakened and market interest has cooled. If a new upcycle resumes in 2027, the current range could be viewed as undervalued, Crypto Dan said.

South Korean crypto exchange Bithumb has rejected a consumer dispute mediation proposal calling for a total of 3 billion won ($2.2 million) in compensation for victims of an automated trading, or API, event, the Seoul Economic Daily reported in an exclusive. In June, the Korea Consumer Agency’s Consumer Dispute Mediation Commission had decided that Bithumb should waive trading fees worth 100,000 won for each claimant. The Seoul Economic Daily said the dispute could escalate into civil litigation, adding to regulatory risks including financial authorities’ sanctions and delays in the review of Bithumb’s virtual asset service provider, or VASP, renewal, which could weigh on its push for a 2028 IPO.

Trezor warned users not to share recovery seeds with anyone as phishing attempts exploiting the Coldcard security vulnerability have been increasing. In a post on X, Trezor said recovery seeds should be entered directly on a Trezor device only when restoring a wallet, and the company does not ask users for recovery seeds under any circumstances. Trezor added users should also ignore wallet migration instructions sent by email, message, or phone, and said it was not affected by the Coldcard security incident. According to Galaxy Research, a total of 1,596 BTC has been stolen from 7,300 addresses so far in the Coldcard incident, and the total could rise to as much as 2,055 BTC.

India expands tax reporting rules to include crypto holdings India’s tax authorities have revised reporting standards to include cryptocurrencies and tighten customer verification requirements for financial institutions, according to The Economic Times. The updated compliance framework applies to investment institutions including banks, mutual funds, insurers and custodians, while accounts with balances over $1 million will face enhanced customer verification and due diligence procedures.

If BTC falls below $63,106, about $479.2 million in long positions on major centralized exchanges would be liquidated. If BTC rises above $64,426, about $305.32 million in short positions would be liquidated, according to CoinGlass data.

Bithumb, KB Kookmin Bank seek 1-year renewal after 6-month conditional extension

Bitcoin has re-entered a high-stress zone as its BTC UTXO stress indicator rose back above 70 to 71.58, on-chain analyst Axel Adler Jr. said on his blog. Adler said the indicator was around 41 a year earlier, a neutral range, while a significant share of supply is now sitting at a loss. Stress had gradually eased over the past month, Adler said, but weekly momentum has turned positive at +3, signaling stress is starting to build again. Adler added that stress would ease if the indicator falls back below 70 and momentum stays negative. If BTC drops below its monthly low of around $61,500 and the indicator climbs above 90, deterioration in market stress could accelerate.

Cardano’s ADA has surged about 24% over the past week amid approval of a roadmap aimed at strengthening its financial structure and accumulation by whales, Watcher.Guru said. The outlet said Cardano has now entered the "Dijkstra" era of its development roadmap. It added that a recently approved community roadmap includes a treasury support protocol that formally allows funds accumulated through network fees and similar sources to be used for protocol development. Watcher.Guru also said ADA whales added 240 million ADA over the past five days, adding that large-scale whale accumulation is typically seen as a bullish signal reflecting expectations for further price gains.

South Korea’s launch team for the Major Crimes Investigation Office said its organizational plan announced today includes a joint virtual asset investigation division dedicated to cryptocurrency, or digital asset, probes in Seoul, Digital Asset reported. According to the report, the new unit will be established under the Seoul office and the staffing plan also reflects personnel seconded from other agencies, including South Korea’s Financial Services Commission and National Tax Service. The structure places a financial crimes investigation bureau under the first deputy chief of the Seoul office, with the joint virtual asset investigation division under that bureau. The Major Crimes Investigation Office is set to launch on Oct. 2.

Coinbase plans to transfer institutional clients’ accounts, balances and positions to Deribit on Sept. 9, CryptoSlate reported. Clients who decline the transfer must close their positions and accounts by Aug. 28.

BlackRock has launched a tokenized share class for a European money market fund, The Block reported. The share token is based on Ethereum and uses technology from Kinexys, JPMorgan’s blockchain payments platform. The tokenized assets are selected from Institutional Cash Series, an institutional platform with $311 billion in assets under management. BlackRock has recently been rolling out tokenized money market products as it expands its cash management business.

Crypto venture capital firm Spartan Group sold all cryptocurrencies worth $3.92 million held in one of its addresses, EmberCN reported. The address transferred 2.045 million PENDLE worth $2.74 million, 5.377 million SYRUP worth $860,000, and 813,000 ETHFI worth $320,000 to Coinbase Prime. The tokens were all acquired by Spartan Group through vesting after making investments.

A U.S. court denied a request by the Commodity Futures Trading Commission to halt New York State’s case against prediction market platform Kalshi, The Block reported. New York State prosecutors had earlier sued Kalshi, alleging it operated an unlicensed illegal gambling venue. The CFTC pushed back, arguing federal agencies hold exclusive regulatory authority over event contracts. With the latest court decision, the state’s lawsuit against Kalshi is expected to proceed for now.

Bitcoin miner Sphere 3D said it plans to launch a $10.3 million at-the-market common stock program to secure operating funds. Under the program, the company can issue and sell common shares from time to time at market prices through designated sales agents or brokers. Sphere 3D also said it plans to raise funds by selling mined BTC when needed.

European and UK financial institutions are sharply increasing investment in crypto infrastructure as the regulatory environment becomes clearer, Bitcoin.com reported. Fireblocks, a crypto infrastructure company, recently surveyed about 600 executives at financial institutions in Europe, and found that most expect crypto regulation to expand adoption. The survey showed that institutions in Europe, where regulatory standards were established earlier, are focusing on investment and the launch of tokenized funds, while those in the UK, where regulation is still being introduced, are actively pursuing the issuance of their own stablecoins.

Kenya’s National Examinations Council is introducing blockchain-based certificate verification and will move 15 million academic records to the Avalanche (AVAX) network, The Block reported.

Binance founder Changpeng Zhao said holding cryptocurrencies on exchanges can in some cases be safer than self-custody. In a post on X, Zhao said hacks involving self-custodied assets often go unreported, while exchange hacks are easier to track and tend to become broader market issues. He added some exchanges respond well to security threats, although defunct exchanges can drag down the overall average. Zhao said he was not arguing that keeping assets on exchanges is always better, but that a balanced approach is preferable to insisting self-custody is always the right choice.

Upbit announced it will temporarily suspend EGLD and MultiversX network deposits and withdrawals from 11:00 a.m. UTC on Aug. 6 to support a MultiversX (EGLD) network upgrade.

U.S. Treasury tokenized assets issued across 18 blockchains have reached a total of $15.2 billion, according to Token Terminal data. Ethereum accounted for the largest share at 43.2%, followed by BNB Chain at 31.5% and Stellar at 7.5%.

Access restrictions on high-performance AI models are widening a security gap for much of the crypto industry, leaving many firms without the latest defensive tools as AI developers try to curb cyberattack misuse, Cointelegraph reported. Some organizations, including Coinbase and Shielded Labs, a Zcash ecosystem entity, have secured access to Anthropic’s Mitos and conducted security audits, according to the report. Many large crypto companies, including Binance, still do not have access. Security specialists in the crypto sector argue defenders also need advanced AI models to keep pace with increasingly sophisticated attackers. Recent incidents have included suspected AI-assisted vulnerability attacks targeting Boltz, a non-custodial Bitcoin swap platform, and Coinkite, the maker of the Coldcard crypto wallet, as related damage rises.

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: 49.56% long, 50.04% short - Binance: 50.02% long, 49.98% short - OKX: 50.84% long, 49.16% short - Bybit: 52.57% long, 47.43% short