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ABFinance, U.S. crypto exchange founded by former Bybit co-CEO, halts operations ABFinance, a U.S. regulation-compliant cryptocurrency trading platform founded by Helen Liu, the former co-CEO of crypto exchange Bybit, said on X on Aug. 14 that it has suspended operations. Liu had said on X in March that she established the U.S.-based exchange and had obtained a license aligned with U.S. regulatory requirements.

Spot CVD refers to 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 tracks trading volume at each price level. The background color 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 cumulative volume delta indicator shows buy and sell orders by order size. As buy orders increase, the line for the corresponding color rises. The yellow line reflects orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million.

CoinMarketCap’s in-house Crypto Fear and Greed Index came in at 36, down one point from yesterday, indicating slightly weaker market sentiment while remaining in the fear zone. The index suggests extreme fear when it is closer to zero and extreme optimism when it is closer to 100. CoinMarketCap calculates the index based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put/call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

Solana Company, a Nasdaq-listed company focused on accumulating SOL under the ticker DAT, said in an earnings report it posted a net loss of about $30.3 million in the second quarter, or $0.38 per share. During the same period, HSDT generated about $2.5 million in revenue from staking its SOL holdings. According to CoinMarketCap, SOL was trading at $75.32, down 1.11%, at the time of writing.

Onchain Lens reported that about 39 million WLFI, worth roughly $2.19 million, was transferred from a World Liberty Financial team address beginning with 0xFef3 to a Bybit-linked deposit address. Exchange deposits are typically interpreted as being intended for selling. According to CoinMarketCap, WLFI was recently trading at $0.05574, up 1.52%.

CBOE seeks approval for first U.S. 3x Bitcoin and Ethereum ETFs CBOE BZX, a unit of the Chicago Board Options Exchange, has filed with the U.S. SEC to list leveraged ETFs designed to deliver three times the daily returns of Bitcoin and Ethereum, The Block reported. According to the SEC, CBOE BZX is seeking to list six products in total, including a 3x Bitcoin ETF, a 3x Ethereum ETF, and 3x gold, silver, crude oil and natural gas ETFs. The ETFs are structured to track three times the one-day return of their underlying assets mainly by holding futures contracts on CME or COMEX, while the remaining assets would be held as cash or cash equivalents for collateral.

The White House plans to meet on Aug. 19 with representatives from the cryptocurrency and prediction market industries, and attendees are expected to include Ripple, Coinbase, Andreessen Horowitz, Chainlink and Paradigm, according to U.Today. U.S. SEC Chairman Paul Atkins and CFTC Chairman Michael Selig are also expected to attend, U.Today reported. Donald Trump, the U.S. president, is also expected to join the meeting, according to major outlets including CoinDesk.

An industry source said Tether has not disclosed audited financial statements or KPMG’s full audit report because it is a privately held company, according to The Block. The source added many private companies follow the same policy, citing Bloomberg as another private company that does not publish audited financial statements, and said Tether provides the statements to regulators and banks upon request.

KULR Technology, a New York Stock Exchange-listed company known as a digital asset treasury, has halted Bitcoin purchases and sold about 333 BTC since June to reinvest capital into its core business, CryptoSlate reported. KULR CFO Mike Kimel said the company’s Bitcoin accumulation strategy had provided financial flexibility, but Bitcoin’s volatility was making it harder for shareholders to assess the value of its core battery business. As of June 30, local time, KULR held 760 BTC.

Tether CEO Paolo Ardoino said some critics continued attacking the company even after a formal audit by KPMG’s U.S. firm, and added he did not care because Tether had already proven itself many times. In an interview with The Block, Ardoino said he was happy to face criticism, adding it helped make the company better and stronger. Asked whether Tether International (TIL) is the issuer of USDT or one of several issuing entities, Ardoino said TIL is the sole entity issuing USDT.

U.S. banking regulators are said to have conditionally approved a bank charter for World Liberty Trust, which is linked to the Trump family.

The three major U.S. stock indices closed lower today. - S&P 500: -0.17% - Nasdaq: -0.28% - Dow Jones: -0.20%

Dartmouth College’s endowment held $12.4 million in crypto ETFs as of June 30, down more than $2 million from $14.6 million on March 31, Cointelegraph reported, citing filings submitted to the U.S. SEC. The holdings included the Bitwise Solana Staking ETF, the Grayscale Ethereum Staking ETF and BlackRock’s iShares Bitcoin ETF. The number of shares held in each ETF was unchanged, but the overall value fell as the prices of the underlying cryptocurrencies declined.

Justin Sun said he is in communication with Binance after the exchange announced deposit and withdrawal restrictions involving 11 exchanges and platforms, including HTX, formerly Huobi. In a post on X, Sun, an adviser to HTX and founder of Tron (TRX), said the issue applies only to Binance users in the UK and EU. Sun added HTX does not operate in the UK or EU and negotiations with UK and EU regulators are already under way. Sun also said HTX would work to resolve the issue if any users are affected.

Mizuho cut its price target on Nasdaq-listed crypto custody firm BitGo (BTGO) to $11 from $14 while maintaining an outperform rating, The Block reported. Analysts said a delay in the passage of the Clarity Act could allow BitGo to keep its regulatory edge over rivals and benefit indirectly.

Coinbase has added ALIGN to its listing roadmap, the company announced.

Wells Fargo increased its exposure to Bitcoin ETFs in the second quarter, adding about $642 million worth of funds including IBIT, GBTC and BITB, bringing its total holdings to $1 billion.

Grayscale said Ethereum and Solana could become increasingly scarce as proposals to raise token burns and lower inflation are being pushed on both networks. Grayscale explained that if the proposals pass, Ethereum and Solana’s annual inflation rates could fall below those of gold, at around 1.8%, and the U.S. Consumer Price Index, or CPI, at around 3.3%, by 2031. That would mean the amount of new ETH and SOL issued in the future would decline significantly, slowing supply growth and increasing scarcity.

Bitcoin profitability has fallen to a record low, a potential capitulation signal as weak hands sell to more conviction-driven buyers, according to a CoinNess analysis citing CryptoQuant.

Ross Gerber, founder and CEO of U.S. asset manager Gerber Kawasaki Wealth, said on X that Michael Saylor had made him skeptical about Bitcoin and that he could no longer take it seriously. Gerber had also strongly criticized Saylor in June, saying Saylor had claimed he would never sell Bitcoin but ultimately rug-pulled the market, with the sale triggering a downturn and the liquidation of speculative positions.

Morgan Stanley increased its holdings of crypto funds in the second quarter while reducing its positions in crypto-related stocks such as Coinbase, according to a 13F filing with the U.S. SEC. During the period, Morgan Stanley’s IBIT holdings rose about 23% to 16.5 million shares from 13.4 million shares. The bank also held 2.57 million shares of its own Morgan Stanley Bitcoin Trust (MSBT), valued at about $43.3 million. For Ethereum-related funds, Morgan Stanley increased its holdings of BlackRock’s ETHA by about 202% to 4.6 million shares and raised its Grayscale ETH holdings by about 26% to 5.1 million shares. By contrast, the filing showed Morgan Stanley cut its Coinbase stake by about 550,000 shares, reduced its CleanSpark (CLSK) position by more than 3.1 million shares, and fully sold its Bitfarms (BITF) position of about eight million shares.

Cosmostation, a wallet in the Cosmos (ATOM) ecosystem, announced it will shut down its service on Sept. 1, according to the company. After the shutdown, only the "recovery phrase export" and "private key export" functions will remain available, while all other features will be phased out. Cosmostation said that as a non-custodial wallet, user assets will remain stored on each blockchain. Users can move to another compatible wallet using a recovery phrase or private key, it said, adding that users are advised to securely back up their recovery phrase and private key before Sept. 1.

JPMorgan Chase increased its holdings of BlackRock’s IBIT and ETHA in the second quarter and opened a new position in a Bitwise Solana staking ETF, CoinPedia reported, citing a 13F filing. As of June 30, JPMorgan held about 10.4 million shares of BlackRock’s IBIT, worth roughly $355 million, up from about 8.3 million shares in the previous quarter. Its holdings of BlackRock’s ETHA stood at about 1.17 million shares, worth roughly $14.3 million, a 338% increase from the previous quarter. For XRP, JPMorgan had strategically sold its position in the first quarter but resumed holdings this time. As of June 30, the bank held stakes in the Bitwise XRP ETF and the Grayscale XRP Trust ETF, along with about 19,900 shares of Armada Acquisition Corp II, worth roughly $207,000, tied to a deal backed by Ripple. During the same period, JPMorgan also held about 47,500 shares of the Bitwise Solana Staking ETF, indicating it had established a new position.

Grayscale deposited 572.9 BTC worth $35.9 million and 44,320 LINK worth $391,000 into Coinbase Prime, Onchain Lens reported. While transfers to exchanges are typically interpreted as a sign of potential selling, Coinbase Prime is a prime brokerage platform that provides trading, custody and financing services for institutional investors, leaving open the possibility of other uses.

Binance announced it will restrict deposits and withdrawals involving 11 exchanges and platforms, including HTX, formerly Huobi, starting Aug. 23. The restricted entities are HTX, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode and EXMO. Deposit and withdrawal attempts made after Aug. 23 will be put on hold, and related wallet restrictions may also apply. HTX was included in European Union sanctions targeting Russia in late July and was also added to the UK government’s sanctions list in May.