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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: 48.78% long, 51.22% short - Binance: 48.39% long, 51.61% short - OKX: 48.58% long, 51.42% short - Bybit: 48.29% long, 51.71% short

The spot CVD chart is an order-book analysis of the BTC/USDT spot trading pair. The upper panel shows the Volume Heatmap, while the lower panel 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 moves sharply. Brighter zones may act as support or resistance levels. - The cumulative volume delta indicator shows buy and sell orders by order size. The line for each color rises as buy orders increase in that category. The yellow line reflects orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million.

Bitcoin has gone through its biggest deleveraging since 2023, according to a CryptoQuant analysis by contributor Darkfost. In a post on X, Darkfost said leverage fell quickly enough for Binance BTC open interest to drop below its 180-day moving average in a cycle in which futures trading had driven the market. Darkfost said the move reflected a broad wipeout of excessive long and short positions built up during the correction. Binance BTC open interest now stands at $9.6 billion, above its 180-day average of $8.3 billion, and accounts for about 37% of total BTC open interest, Darkfost said. That is higher than the level seen when BTC recovered to $82,000 in May, and traders hit by the correction have already returned to the market, helping support Bitcoin’s bullish rebound, according to the analysis. Darkfost added that another sharp deleveraging could emerge if leverage builds up too much again.

DeFi yield protocol Pendle announced on X that it is adding support for Robinhood Chain. Robinhood Chain users can now use Pendle to lock in future crypto yields, take leveraged positions on yield fluctuations, and provide liquidity to earn fees and rewards.

South Korea’s National Tax Service said residents must still file overseas financial account reports for accounts held with offshore virtual asset service providers for digital asset trading even if the exchange has gone bankrupt, according to Digital Asset. The agency said on Aug. 28 that if a resident holds an account opened with an overseas virtual asset service provider for digital asset trading, the account remains subject to overseas financial account reporting obligations even after the provider goes bankrupt. Separately, the total amount of digital assets reported in overseas financial account filings for 2026 came to 10.5 trillion won, down 5.4% from 2025.

According to CoinNess market monitoring, BTC has fallen below $80,000. BTC is trading at $79,673.44 on the Binance USDT market.

KB Kookmin Bank has agreed to extend its real-name account partnership with South Korean crypto exchange Bithumb by one year and has applied to South Korea’s Financial Intelligence Unit for approval, The Korea Economic Daily reported. If approved, the partnership will continue through the end of September next year.

Ethereum founder Vitalik Buterin pushed back on claims that long-term advances in security technology and artificial intelligence could break Bitcoin’s security system and send the price down more than 50%. Buterin said network-layer attacks could be addressed by upgrading clients and mining pools, while the odds of Bitcoin’s hash function or proof-of-work system breaking down are extremely low. Buterin added he does not agree with the view that AI could weaken Bitcoin’s security enough to drive BTC down more than 50% over the next two years.

Hackers behind the Bitcoin layer-two sidechain Liquid Network said they will return most of 4,000 BTC once a bug in the network is fixed, according to Galaxy Research head Alex Thorn. Thorn said the hackers have been communicating with Blockstream, the developer of the Liquid Network, through OP_RETURN messages and PGP-encrypted text.

U.S. spot Bitcoin ETFs logged a third straight week of net inflows, while spot Ethereum ETFs extended their own inflow streak to three weeks, a sign of recovering institutional demand, according to The Block. Zeus Research analyst Dominic John said BTC’s uptrend remains intact as long as it holds $80,000, with prices likely to rise gradually toward $82,000-$85,000. John said ETF inflows show institutions are increasing BTC exposure and that real spot demand is recovering. Presto Research analyst Min Jung said the crypto market is showing signs of catching up with other risk assets and that ETF inflows point to a rebound in institutional demand. Higher-than-expected inflation, however, was identified as a key downside risk that could derail the rally. Last week, spot BTC ETFs saw net inflows of $986.9 million, while spot ETH ETFs posted net inflows of $218.4 million.

South Korean exchange Upbit announced it will temporarily suspend SOPH deposits and withdrawals at 2:00 a.m. UTC on Sept. 8 as Sophon shifts to the Ethereum network. After the suspension, existing Sophon Chain deposit addresses will be deleted, and users should obtain new deposit addresses once the network transition is complete, the exchange said.

An anonymous whale has deposited another 620,420 LINK, worth about $7.6 million, to Coinbase, according to on-chain data analytics firm Onchain Lens. Over the past three weeks, the address transferred a total of 2.41 million LINK, worth about $26.04 million, to Coinbase after earlier buying the tokens on Binance.

EVM-based token issuance platform Flap has launched a feature on BNB Chain that lets users issue new tokens paired for trading with cryptocurrencies of their choice. Users can create trading pairs by entering the contract address of a desired token, including RWAs, major cryptocurrencies and memecoins. At issuance, users can also choose and apply features related to creator wallets, dividends, token burns and liquidity.

About 18% of the total Bitcoin stolen in the Coldcard exploit is estimated to have been moved for laundering, while the remaining 82% is still held in the original addresses controlled by the attacker, according to Galaxy Research on X. Galaxy Research said the attacker created 293 2-of-2 multisig vaults during the third attack to hold BTC stolen from individual victims. Of that amount, 45% has so far been moved to the Ethereum network through THORChain (RUNE) or deposited into CoinJoin. Galaxy Research also estimated a newly identified vault is likely tied to victim funds. Including that wallet, the number of vaults linked to the third attack rises to 294, bringing the total amount stolen across the Coldcard exploit to about 1,806 BTC.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $34.85 million liquidated (66.15% shorts) - ETH: $52.39 million liquidated (58.69% shorts) - ZEC: $48.65 million liquidated (86.3% shorts)

Two addresses believed to be linked to the Ethena project deposited 19 million ENA worth $3.29 million to Bybit over the past 15 hours, according to on-chain analyst @ai_9684xtpa. Exchange deposits are typically interpreted as being intended for selling. The two addresses had received ENA from an Ethena multisig address around two years ago and had shown little activity before recently starting to move funds to exchanges. As a result, the total value of ENA transferred by Ethena-linked addresses to exchanges over the past three days has risen to $6.75 million.

Bitwise CEO Hunter Horsley said capital will shift from U.S. Treasuries into Bitcoin and gold over the next decade. In a post on X, Horsley said, "The narrative of the next 10 years is not flows from gold to BTC. It is flows from U.S. Treasuries to BTC and gold." Before that comment, Bitcoin maximalist Fred Krueger argued that China would sell all of its U.S. Treasury holdings over the next seven years and replace them with gold.

Ethereum-based project Gnome Labs deposited 4,020 ETH worth $9.97 million to Binance nine hours ago, according to on-chain analyst ai_9684xtpa. Exchange deposits are typically interpreted as being intended for selling. The address had withdrawn 6,339 ETH worth $12.02 million from Binance on Aug. 17 at an average price of $1,896.83, and if it sold the latest deposit, the estimated profit would have been about $2.345 million, a 30.7% return.

Figure founder Mike Cagney said on X that blockchain and DeFi offer a fundamentally better structure for asset-based finance, but the shift of the $6 trillion asset-based finance market onchain is still in its early stages. He cited cumbersome UI and UX, a lack of institution-grade secure custody, challenges in managing permissions and audits across multiple wallets and users, regulatory uncertainty, and KYC issues as barriers to traditional finance entering blockchain.

A wallet believed to belong to BitMEX co-founder Arthur Hayes withdrew an additional 39,000 UNI worth $282,000 from FalconX over the past hour, bringing its UNI holdings to 284,101 tokens valued at about $2.007 million, according to on-chain analyst ai_9684xtpa. The address has an average purchase price of $7.06, and UNI is now the third-largest asset in its on-chain holdings.

Institutional investors including UBS, Bank of Montreal and Jane Street hold Hyperliquid ETF shares, Bloomberg ETF analyst James Seyffart said. As of June 30, 30 institutional investors had disclosed holdings in three Hyperliquid ETFs managed by 21Shares, Bitwise and Grayscale through 13F filings. Their combined holdings were worth about $74.88 million, equivalent to roughly 1.15 million HYPE.

A South Korean court ruled that if a custody firm handling cryptocurrency staking goes bankrupt, customers cannot recover their deposited digital assets separately and must instead go through bankruptcy proceedings. According to Digital Asset, Judge Lee Baek-gyu of the Seoul Central District Court on Aug. 19 dismissed a lawsuit filed by a customer, identified only as B, seeking the return of digital assets from the bankruptcy trustee of custody firm A. The court found that digital assets do not qualify as property and that the staking agreement should be treated as an atypical contract similar to a fungible deposit, making the claim subject to bankruptcy proceedings rather than a right of recovery.

Ethereum founder Vitalik Buterin said computation using SNARKs, a zero-knowledge proof technology, is likely to cost less than 10 times regular computation before 2030. In a post on X, Buterin said he sees a 60% chance that SNARKs, fully homomorphic encryption, and indistinguishability obfuscation can all be implemented at under 10 times the cost of normal computing over the long term. Among the three, SNARKs are the most likely to reach that point before 2030, he said. Buterin added that new techniques to improve computational efficiency in SNARKs and fully homomorphic encryption have been emerging rapidly, with especially notable progress in methods that process multiple computations at once. Over a longer horizon, he said he sees a 33% chance that all three technologies will advance to the point where their costs are nearly the same as those of regular computation.

Pro-crypto Republican U.S. Sen. Cynthia Lummis argued that if the CLARITY Act fails to pass during the current congressional session, the next chance to advance a crypto market structure bill like it may not come until 2030. In a post on X, Lummis used the English phrase "if we don't pass this bill now" and stressed the U.S. would lose for years an opportunity to create jobs, attract investment and secure tax revenue. Meanwhile, the U.S. Senate is set to hold a cloture vote on Sept. 15 to move forward with debate on the bill. The measure will need 60 votes to pass.

Ethereum’s price relative to the Nasdaq 100 has broken above a level it had failed to clear since 2022, marking a bullish turn for the first time in about four years, according to Real Vision crypto market analyst Jamie Coutts on X. Coutts said the weekly ETH/NDX ratio, which divides ETH’s price by the Nasdaq 100 index, had moved above 0.087. He added that when a similar pattern last appeared in 2019, ETH went on to post its biggest gains on record relative to tech stocks. Amid recent net inflows into ETH ETFs, Coutts said the launch of Robinhood Chain is also supporting strength in DeFi, adding that crypto’s dormant giant is waking up.