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Bitcoin has nearly recovered the average cost basis of short-term holders, defined as wallets holding BTC for less than 155 days, on-chain analyst AxelAdlerJr said. BTC is currently trading around $64,952, about 3.8% below the short-term holder realized price of $67,523, and has repeatedly attempted to reclaim that level only to fall back below it on 279 of the past 284 days, Adler added. In the current range, short-term holders could also sell at around break-even, potentially adding selling pressure to the market.

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: 51.43% long, 48.57% short - Binance: 52.52% long, 47.48% short - OKX: 51.02% long, 48.98% short - Bybit: 53.36% long, 46.64% short

The European Union is moving to review MiCA to allow non-EU stablecoin issuers into the market and accommodate emerging technologies such as tokenized payments, Bitcoin.com reported. The EU recently finalized revisions to MiCA after gathering feedback, with the aim of addressing issues facing non-EU stablecoin issuers such as Tether that were unable to secure licenses under existing requirements and broadening choices for European users. U.S. stablecoin legislation known as GENIUS and related policies under the Trump administration also influenced the move, while major institutions including the European Central Bank said revising the law had become unavoidable.

Nasdaq-listed Bitcoin miner Bitdeer (BTDR) said on its official X account it mined 270.5 BTC this week and sold the entire amount. Bitdeer has maintained a "zero BTC treasury" strategy since February, under which it has sold all mined Bitcoin. The company reduced its Bitcoin holdings to zero as of Feb. 20 and has continued to immediately convert newly mined BTC into cash.

XRPL has unveiled a major upgrade including Confidential Transfers, a privacy feature for institutional users, CoinDesk reported. The upgrade includes zero-knowledge-proof-based amount encryption as well as batch processing and permission controls tailored to institutional demand. The proposal requires approval from more than 80% of validator nodes before final activation. Aviva and Ondo Finance have issued real-world asset tokens on XRPL.

Nasdaq-listed cloud mining platform BitFuFu (FUFU) said it mined a total of 112 BTC in July. As of the end of July, its Bitcoin holdings stood at 1,314 BTC, down 357 BTC from the end of May.

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: $39.81 million liquidated (80.08% shorts) - ETH: $30.74 million liquidated (78.5% shorts) - SPCX: $12.07 million liquidated (78.65% shorts)

An anonymous whale withdrew 30,000 ETH worth $57.21 million from Coinbase and then split the funds across three newly created addresses, according to Onchain Lens. Exchange outflows are typically interpreted as a move to hold the assets.

Monthly payment volume on crypto payment cards has climbed to more than $759 million, with RedotPay holding the largest share among major crypto cards as of July 31, according to a recent a16z crypto survey. The survey also found that since late last year, Ether.fi (ETHFI), KAST and Karta have steadily expanded their market share. a16z crypto said crypto card users can make offline payments by depositing stablecoins with an issuer or using self-custodied stablecoins without a bank account. The firm said such services are expanding global users’ access to U.S. dollars while improving spending convenience for stablecoin holders.

U.S. spot Ethereum ETFs posted net inflows of about $49.6 million on Aug. 7, marking a fourth straight trading day of net inflows, according to Farside Investors. - BlackRock ETHA: +$38.1 million - Fidelity FETH: +$11.5 million

U.S. spot Bitcoin ETFs posted about $101.7 million in net inflows on Aug. 7, marking a fifth straight trading day of net inflows, according to Farside Investors. - BlackRock IBIT: +$86.7 million - Fidelity FBTC: +$41.0 million - Bitwise BITB: +$2.1 million - ARK Invest ARKB: +$1.9 million - Invesco BTCO: -$19.4 million - VanEck HODL: -$10.6 million

Bitcoin developer and Wizardsardine CEO Kevin Loaec warned that a BTC fork triggered by the BIP-110 proposal could expose users to replay attacks, potentially causing real BTC to be sent when they try to sell coins on the forked chain, CoinDesk reported. Loaec said both chains would accept the same transaction signatures immediately after a fork, and automatic replay protection would not apply. As a result, if a user signs a transaction to sell coins on the forked chain, a third party could submit the same transaction to Bitcoin’s main chain, causing the same amount of BTC to be transferred there as well. He added that ordinary investors who do not know how to safely split assets across the two chains should avoid any on-chain transactions during a fork period. "split" BIP-110 is a proposal to restrict the inclusion of non-payment data such as images and text in Bitcoin transactions. Activation requires support from more than 55% of the most recent 2,016 blocks, or 1,109 blocks, but current miner support is only around 2.6%, meaning the proposal has effectively failed to reach consensus. Even so, from block height 961,632, expected this weekend, BIP-110 nodes are designed to automatically reject blocks without that signal, raising the possibility that the Bitcoin chain could split in two if some nodes continue operating on a separate chain.

A newly created wallet identified as 167YVr received 1,346 BTC worth about $87.28 million from a Galaxy Digital OTC desk address, according to Spot On Chain. Spot On Chain added, "기관 OTC 데스크에서 신규 지갑으로 자금이 가는 것은 강력한 매집 신호."

An ETH whale address that had been dormant for three years transferred 7,323 ETH, worth about $13.96 million, to Kraken 10 hours ago, according to ai_9684xtpa. The whale accumulated a total of 23,834.17 ETH at an average price of $2,723.2 between Feb. 15 and March 21, 2022, and then staked the holdings on Rocket Pool. Ai_9684xtpa added that if the ETH sent to Kraken is sold at the current price, the loss would amount to about $5.977 million. The address still holds the remaining ETH and appears to be sitting on a loss of around 30%.

An anonymous whale appears to have bought 50,000 ETH, worth about $95.73 million, yesterday from a wallet believed to be owned by Fidelity, Onchain Lens reported. The whale moved 36,530 ETH to a new wallet address about three hours ago. Based on past transaction patterns, Onchain Lens said the holdings are likely to be moved to Coinbase later for sale.

Cathie Wood-led ARK Invest bought $45.36 million worth of shares in Circle Internet Group, SpaceX and Coinbase yesterday. The purchases broke down as follows: - 313,764 shares of Circle Internet Group (CRCL) at $66.67 per share, worth about $20.92 million - 114,815 shares of SpaceX (SPCX) at $133.10 per share, worth about $15.28 million - 59,668 shares of Coinbase (COIN) at $153.60 per share, worth about $9.16 million

Spot CVD refers to an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel represents 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 moves sharply. Brighter zones may act as support or resistance levels. - The CVD indicator in the lower panel reflects buy and sell orders by order size. As buy orders increase, the line for the corresponding color rises. The yellow line represents orders worth $100 to $1,000, while the brown line represents large orders worth $1 million to $10 million, among other categories.

CoinMarketCap’s in-house Crypto Fear and Greed Index rose one point from yesterday to 40, shifting to neutral. The index indicates extreme fear as it approaches zero and extreme optimism as it approaches 100. CoinMarketCap calculates the index based on price movements in the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data including put/call ratios, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

Brazil plans to tighten rules on crypto transfers, requiring delays of up to 24 hours for transactions exceeding $10,000, Unfolded reported. Brazil’s central bank plans to mandate the delay starting in 2027 when cryptocurrency transfers to overseas virtual asset service providers or self-custody wallets exceed $10,000 per transaction or in cumulative daily volume. The measure is intended to strengthen screening of crypto transfers to curb fraud and illicit fund movements involving stablecoins and virtual assets, according to the media outlet.

CleanSpark has added seven BTC, bringing its total holdings to 13,931 BTC, according to BitcoinTreasuries.net. The U.S.-listed Bitcoin mining company now ranks 11th among corporate Bitcoin holders.

Polymarket will shift its settlement method to a time-weighted average price, or TWAP, to curb artificial price swings, CoinDesk reported. The platform decided to replace the single price snapshot method used in short-term crypto markets with TWAP. Earlier, researchers at Stanford University in the U.S. and Singapore Management University said an analysis of five-minute Bitcoin contracts found a pattern in which large trades hit Binance in the final seconds before settlement, moved prices, and were followed by settlement. They added that prices repeatedly snapped back to prior levels shortly after unusual large trades on Binance caused the moves. Polymarket said it made the change in response to the findings and continued complaints from traders.

Trump Media & Technology Group has decided to halt two cryptocurrency-related projects it had been pursuing with Crypto.com, Axios reported. The two companies agreed to terminate a previously announced service agreement and plans for certain cryptocurrency products. Interim Trump Media CEO Kevin McGurn said the company wants to focus on its media businesses, including Truth Social, and on its merger with energy startup TAE Technologies. McGurn added, "TAE" hopes to complete the merger before year-end.

The three major U.S. stock indices closed higher today. - S&P 500: +0.62% - Nasdaq: +1.30% - Dow Jones: +0.28%

According to Arkham data, a wallet managing funds for World Liberty Financial transferred 50 million WLFI, worth about $2.65 million, to a new address, which later deposited the tokens to Binance. Earlier the same day, the same wallet had also deposited 50 million WLFI directly to Binance, bringing the total sent to the exchange today to 100 million WLFI, worth about $5.3 million.

The U.S. CFTC warned some prediction-market platforms not to use American-style gambling odds, Bloomberg reported. The U.S. Commodity Futures Trading Commission sent letters reminding regulated firms to comply with U.S. laws governing derivatives trading and to avoid "deceptive" practices when listing, soliciting or advertising products. American-style gambling odds use plus and minus signs to show potential winnings based on the amount wagered.