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Binance to suspend BNB Smart Chain token deposits, withdrawals for wallet maintenance Binance announced it will carry out scheduled maintenance on its BNB Smart Chain (BEP-20) wallet at 5:55 a.m. UTC on Aug. 20 and temporarily suspend deposits and withdrawals for cryptocurrencies on the network. The maintenance is expected to take about one hour.

An anonymous whale address beginning with 0x988c transferred 289,760 LINK worth $2.74 million, withdrawn from Binance over the past month, into a Gnosis Safe multisig wallet, Onchain Lens reported. Gnosis Safe is a self-custody wallet, and the transfer is seen as a move for holding purposes.

Greenlane Holdings, a corporate buyer of Berachain token BERA, is sitting on an unrealized loss of about $53.6 million as BERA has fallen sharply. The company currently holds 81.3 million BERA valued at about $16.4 million as of late June, after investing roughly $70 million to acquire the position, leaving it with an unrealized loss of about 76.6%. BERA is down about 75.9% since the start of the year. Separately, Greenlane posted a net loss of $24.8 million for the second quarter, including $19.1 million in crypto-related valuation losses.

Capital B, a European-listed company pursuing a strategic Bitcoin buy, announced an additional purchase of five BTC. The company now holds 3,145 BTC.

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: 53.65% long, 46.35% short - Binance: 51.65% long, 48.35% short - OKX: 50.32% long, 49.68% short - Bybit: 51.82% long, 48.18% short

Bitcoin futures open interest remains well above daily trading volume, raising the risk of sharper downside moves in a sudden sell-off, according to CoinDesk. BTC futures open interest currently stands at about $48 billion, while 24-hour trading volume is around $25 billion. Glassnode said buy-the-dip limit orders have fallen to about one-third of their level in early July, adding that support near Bitcoin’s June low of $58,000 has weakened. Spot volume also came in at $12.55 billion, or about half of futures volume, Glassnode said, increasing broader market volatility risk.

Competition in crypto payment cards is intensifying, Wu Blockchain reported. More than 250 related projects are currently operating in the crypto market, including exchange cards from Binance and Bybit, payment cards from EtherFi (ETHFI), KAST, and Plasma One, as well as cards from traditional payment companies such as PayPal and BitPay.

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: $22.12 million liquidated (52.79% longs) - ETH: $19.76 million liquidated (57.09% shorts) - SNDK: $12.73 million liquidated (97.21% shorts)

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows a volume heatmap, while the lower section shows cumulative volume delta, or CVD. - The volume heatmap in the upper section tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance. - The CVD indicator in the lower section reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Consumer confidence in the U.S. has fallen to a record low even as stocks continue to hit fresh highs, leaving Bitcoin sidelined in the process, according to on-chain analytics platform Glassnode. Consumer confidence is a measure of how optimistic or pessimistic consumers feel about overall economic conditions. Glassnode said weak consumer sentiment is pushing cash into stocks, particularly AI-related names, while BTC is being clearly overlooked in the current phase.

Crypto analyst Murphy said on X that the average entry prices of whale addresses holding more than 100 ETH are concentrated in the $1,900-$2,400 range. Murphy added that the average entry price was estimated at $1,900 for holders of 100 to 1,000 ETH, $2,000 for holders of 1,000 to 10,000 ETH, $2,100 for holders of 10,000 to 100,000 ETH, and $2,400 for holders of more than 100,000 ETH. Murphy said buying when ETH falls below $1,900 and pausing purchases above the $1,900-$2,400 range could be a reasonable risk-management strategy. Murphy added that the strategy has shown a very high success rate when used alongside extreme fear periods in which long-term holders' unrealized profit and loss falls below zero. While some argue the recent crypto market slump will prevent ETH from reclaiming $2,700, Murphy said excessive pessimism should be avoided.

An anonymous whale address starting with 0x8447 withdrew 5,300 ETH worth $9.98 million from Kraken, on-chain analytics firm Hupzy, formerly Spot On Chain, reported. Exchange outflows are typically interpreted as a sign of holding.

Duquesne, the family office of Stanley Druckenmiller, a legendary figure in the U.S. hedge fund industry, held a new $23 million stake in Hyperliquid Strategy (PURR), a DAT company accumulating HYPE, as of the end of the second quarter. Kevin Warsh, chairman of the U.S. Federal Reserve, previously worked at Duquesne.

A World Liberty Financial team address deposited 39 million WLFI worth $2.33 million into Bybit, Onchain Lens reported. Exchange deposits are typically interpreted as being for sale purposes. The address resumed activity after 30 days and had received the same amount from a WLFI treasury address two days earlier.

Chainalysis’ government services unit has sued the U.S. government over what it says was a sole-source procurement contract awarded to rival TRM Labs without a standard competitive bidding process, Wu Blockchain reported. The complaint centers on a contract involving the U.S. Department of Homeland Security and U.S. Immigration and Customs Enforcement. Chainalysis asked the court to halt the contract’s progress, while TRM Labs joined the case as a defendant-intervenor supporting the U.S. government. Oral arguments are scheduled for Sept. 2, according to the report.

Curve Finance founder Michael Egorov criticized Solana-based memecoin issuance platform Pump.fun (PUMP) as a casino that brings together scam memecoins. In a post on X, Egorov said the Solana Foundation does a strong job supporting its ecosystem, but its flagship examples do not seem particularly compelling. Egorov added that connecting Phantom, Solana’s largest wallet, to a hardware wallet was very difficult and that, although the connection ultimately worked, the user experience was far worse than MetaMask.

Investors are beginning to evaluate crypto tokens based on fundamentals such as actual usage and tokenomics rather than market-cap rankings, CoinDesk reported. Hunter Horsley, CEO of spot Bitcoin ETF issuer Bitwise, said the era of CoinMarketCap ranking tables is fading as investors shift their focus to market size, adoption levels, and whether projects capture value. Based on his conversations with asset managers that recently won approval to enter the crypto market, those firms often do not even know where a given asset ranks by CoinMarketCap market capitalization, and the ranking does not matter to them, he said. Jasper De Maere, an OTC trader at Wintermute, added that perpetual futures volumes have recently far exceeded spot trading volumes for most major tokens, while funding rates, positioning, and liquidation flows are shaping intraday market sentiment. Those capital flows have concentrated in major cryptocurrencies and some revenue-generating tokens, and it is difficult to separate fundamentals from money flows when the former narrows the investment universe and the latter drives prices, he said.

CoinMarketCap’s Altcoin Season Index came in at 46, down one point from yesterday. The index, published by the cryptocurrency market data platform, is based on a comparison of price performance between Bitcoin and the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. Altcoin season is identified when 75% of the top 100 coins outperform Bitcoin over the past 90 days, while the opposite is considered Bitcoin season. A reading closer to 100 indicates stronger altcoin-season conditions.

Garrett Jin, founder of the fraudulent crypto exchange BitForex, deposited 17 million WLFI worth $1.01 million to Binance six hours ago, according to an analysis by on-chain analyst EmberCN. EmberCN added that an address believed to belong to Jin withdrew 313 million WLFI worth $31.89 million from Binance in February, when WLFI was trading near $0.10. If the tokens deposited today are sold, the move would amount to cutting losses at about a 40% loss. According to CoinMarketCap, WLFI was trading at $0.05952, up 3.38%, at the time of writing.

Stable releases version 2.0 white paper, says 82% of STABLE supply to unlock from Dec. 2027 USDT-focused layer-1 blockchain Stable released its version 2.0 white paper through its official channel. In the document, Stable said its mainnet will use USDT as the native gas token and primary payment asset, while also supporting PYUSD. Stable added it is positioning itself as a stablecoin payment infrastructure platform for institutional investors, with a focus on AI agent payments, business-to-business settlements, and cross-border payments. The white paper also included details on its STABLE token. Stable said 18% of the total STABLE supply is currently in circulation, while the remaining 82% will begin unlocking gradually from the end of 2027, with all tokens set to be in circulation by December 2029. However, if the 30-day volume-weighted average price, or VWAP, of STABLE falls under $0.025, the unlock schedule for part of the supply may be delayed by as much as nine months.

Michael Saylor, founder of Strategy (MSTR), said Bitcoin is the only casino where everyone can win. In a post on X, Saylor stressed, "Bitcoin is the winning horse, and the only casino where we can all win."

10x Research says BTC volume, volatility have plunged to pre-surge lows Bitcoin trading volume has shrunk to a fraction of the levels seen around U.S. President Donald Trump’s inauguration and at the October peak, while volatility has fallen to its lowest level in months, according to a weekly report from crypto research firm 10x Research. The firm said such low volatility and trading volume have historically not lasted long, adding that the current market may be the calm before the storm.

According to data from Tokenomist, the major token unlocks scheduled for the third week of August are as follows: - ZK: 173 million tokens ($1.3 million), representing 2.59% of circulating supply, at 8:00 a.m. UTC on Aug. 17 - SOLV: 609 million tokens ($1.38 million), representing 12.9% of circulating supply, at 8:00 a.m. UTC on Aug. 17 - KAITO: 32.6 million tokens ($11.48 million), representing 7.63% of circulating supply, at 10:00 a.m. UTC on Aug. 20 - MBG: 27.15 million tokens ($2.85 million), representing 6.16% of circulating supply, at 12:00 p.m. UTC on Aug. 22 - SOON: 20.24 million tokens ($3.85 million), representing 3.76% of circulating supply, at 8:30 a.m. UTC on Aug. 23 - MET: 7.33 million tokens ($1.18 million), representing 1.34% of circulating supply, at 1:00 p.m. UTC on Aug. 23

CryptoQuant said monthly trading volume for stock token perpetual futures on major crypto exchanges reached about $250 billion in July, up 17-fold from roughly $15 billion in April. According to CryptoQuant, Binance handled about $193 billion in stock token futures volume in July, accounting for about 76% of the overall market. CryptoQuant said the market’s rapid growth was driven by sharp gains in AI- and semiconductor-related stocks, with trading concentrated in those names, including SOXL, Micron (MU), SK Hynix and SanDisk (SNDK).

Coinbase CEO Brian Armstrong said cryptocurrency is the most suitable currency for AI agent-based finance, or AiFi. Armstrong added that running AI agents effectively and efficiently requires a form of money that is programmable, global, enables instant transactions and carries low fees, and cryptocurrency fits those requirements.