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DeFi Kingdoms’ Avalanche-based DFK Chain for JEWEL will officially shut down on Aug. 28, while the broader DeFi Kingdoms project will continue. DeFi Kingdoms said its top priority is to safely migrate user assets to the Avalanche C-Chain. The project also plans to release an SDK to support third-party developers building on DeFi Kingdoms’ systems, mechanics, and assets. It added that more details on the asset migration will be disclosed in the coming weeks.

Bitcoin could see sharp price swings as sell-side supply has rapidly built up in the $62,000-$63,000 range, crypto analyst Murphy said on X. Murphy said the on-chain supply metric URPD shows a massive concentration at $63,000, with 890,000 BTC accumulated at that price level so far. Murphy added that such intense buying and selling around a single price band has not been seen since late 2025. Murphy said holdings in the $63,000 range would likely have already exceeded 1 million BTC if Coinbase had not locked up 550,000 BTC in the $83,000-$84,000 range. Murphy noted that 1 million BTC would equal 5% of circulating supply, and historically, when holdings at a single price level surpassed that scale, the market saw major volatility. Murphy said excessive concentration in short-term holdings sharply increases price sensitivity. Murphy pointed to late October 2022, just before the FTX collapse, when 1 million BTC had already accumulated around $19,000 and 870,000 BTC around $18,000. Combined, those two price bands accounted for 9.7% of circulating supply, Murphy said. Murphy added that a single event then acted as a trigger and, combined with a fragile holding structure, led to large-scale volatility. Murphy said the combined share of holdings in the current $62,000 and $63,000 ranges has already reached 8%.

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: 49.72% long, 50.28% short - Binance: 48.86% long, 51.14% short - OKX: 48.73% long, 51.27% short - Bybit: 49.29% long, 50.71% short

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: $94.36 million liquidated (95.41% longs) - ETH: $49.31 million liquidated (89.47% longs) - HYPE: $6.29 million liquidated (98.29% longs)

The Coinbase Bitcoin Premium Index has remained in negative territory for 75 straight days since May 19, according to CoinGlass, with the latest reading at -0.0973%. Earlier this year, the index posted a 40-day negative streak from Jan. 16 to Feb. 24, setting what was then the longest run since the index was introduced. That surpassed the roughly 30-day negative stretch seen during the sharp market drop on Oct. 11 last year. Historical data shows extended negative premiums have often coincided with outflows from U.S. institutional investors.

Bitcoin sentiment has deteriorated sharply across major social platforms including X, Reddit and Telegram, according to on-chain analytics firm Santiment. Santiment said a Coldcard firmware vulnerability had severely worsened market sentiment by undermining confidence in self-custody. The firm explained that while past shocks such as the collapses of FTX and Mt. Gox and the COVID-19 pandemic were larger market events, this incident heightened anxiety among retail investors because it raised questions about the security of cold wallets themselves rather than exchanges. Santiment added that positive Bitcoin commentary currently stands at 0.58 comments for every one negative comment, a reading it said reflects stronger fear than during this year’s period of heightened geopolitical tensions and past major negative events.

BitMEX co-founder Arthur Hayes sold part of his ETH holdings at a realized loss of about $241,000, according to Lookonchain. Over the past six hours, Hayes sold 2,364.38 ETH through Cumberland and Galaxy Digital at an average price of $1,821 per ETH, below his previous average purchase price of about $1,923, for a loss of roughly 5.3%. Hayes had earlier bought 7,213 ETH worth about $13.87 million, and the latest sale was confirmed as a partial disposal of that position.

XRP Ledger plans to reintroduce five new features in software version 'xrpld 3.3.0,' which is scheduled for release next week, CoinDesk reported. Some of the features were previously withdrawn over a critical security flaw, but they have been improved and are now back under review. Jaazi Cooper, head of product at RippleX, said the release will include five amendments: confidential MPT, batch, permission delegation, fee sponsorship and reserves, and dynamic MPT. Cooper added, "XRPL has already proven it can handle asset tokenization at scale. Going forward, the focus will be on expanding real-world use cases such as global remittances, trading, collateral use, and payments."

Nasdaq-listed TRON said it bought an additional 152,136 TRX, bringing its total TRX holdings to more than 700.78 million. The company added that it plans to continue increasing its TRX holdings.

SushiSwap announced the launch of Sushi Launch, a platform on Robinhood Chain that lets users create and deploy tokens paired for trading with real-world asset tokens. Users can create and issue tokens linked to tokenized real-world assets such as stock tokens, and a Sushi V3-based liquidity pool is opened automatically once a token goes live.

Nasdaq-listed Bitcoin miner Bitdeer (BTDR) said on its official X account that it mined 271.3 BTC this week and sold the entire amount. The company has maintained a zero-BTC treasury strategy since February, under which it has sold all BTC it mined. Bitdeer reduced its Bitcoin holdings to zero as of Feb. 20 and has since immediately converted newly mined BTC into cash.

U.S. spot Ethereum ETFs recorded about $9 million in net inflows on July 31, according to Farside Investors, marking a second straight trading day of net inflows. - BlackRock Staking ETHB: +$15.4 million - Fidelity FETH: -$1.9 million - Bitwise ETHW: -$2.5 million - Grayscale Mini ETH: -$2.0 million

U.S. spot Bitcoin ETFs saw net outflows of about $265.4 million on July 31, according to Farside Investors, reversing after two straight trading days of net inflows. - BlackRock IBIT: -$122.7 million - Fidelity FBTC: -$54.8 million - Bitwise BITB: -$17.8 million - ARK Invest ARKB: -$17.5 million - Grayscale GBTC: -$52.6 million

Crypto-related hacking incidents caused $210.3 million in losses across 30 cases in July, up 177% from June’s $75.87 million. Major hacking cases in July were as follows: - Coldcard Wallet: around $70 million lost in what was the third-largest incident this year after wallet security was compromised - AFX: around $24 million lost in an attack exploiting a vulnerability in the Arbitrum-based protocol - Ostium: around $24 million lost in an exploit targeting the decentralized derivatives platform - Bonk: around $21.2 million lost in a hack involving a memecoin-related system - Wanchain Bridge: around $13 million lost in a cross-chain bridge attack - TripleA: around $10 million lost after its payment gateway system was compromised - Bonzo Land: around $9.05 million lost in an attack exploiting a lending protocol vulnerability - Verus Coin: around $7.5 million lost in a hack targeting its Ethereum-connected bridge - WEMIX, Wemade’s in-game cryptocurrency: around $6.25 million lost in asset theft from its blockchain ecosystem - Summer.fi: around $6 million lost in an exploit targeting the DeFi platform

Two newly created wallets accumulated a combined 18,914.13 ETH worth about $35.2 million over the past 10 hours at an average price of $1,861, BlockBeats reported. The media outlet said FalconX-linked transactions appeared similar to moves by ETH treasury company Bitmine, but noted Bitmine had not previously bought holdings through Coinbase and suggested the activity may have come from another institutional trade.

Bitcoin has posted an average August return of 1.12% since 2013, closing the month lower nine times and higher four times. The median return for the month stands at -7.49%. Bitcoin’s biggest August gain on record was 65.32% in August 2017, while its steepest August decline was -18.67% in August 2015. BTC posted a 7.51% monthly return in July.

A CoinNess analysis, citing Investing.com data, found Strategy could theoretically liquidate as much as $5 billion worth of Bitcoin to fund reserves, dividends and share buybacks. According to the analysis, under Strategy’s capital management framework, the company could sell up to about $5 billion in BTC to build as much as $1.25 billion in U.S. dollar reserves, cover roughly $1.76 billion a year in preferred stock dividends and interest payments, and repurchase as much as $2 billion in common stock and digital credit securities. The media outlet added that Strategy has sold about $218.4 million worth of Bitcoin so far this year to pay preferred stock dividends. As of July 26, the company held 843,775 BTC purchased at an average price of $75,476.

Pons, the launchpad on Robinhood Chain, has officially launched its V2 version. According to previously disclosed information, the V2 version strengthens integration with Uniswap V4, allowing tokens issued on the platform to be paired directly not only with ETH but also with tokenized stocks.

Russia will ban cryptocurrency mining in Moscow, the Moscow region, and eight areas of the Kursk region from Aug. 15 through Dec. 31, 2032, according to Bits.media. The restrictions also cover residents engaged in related activities, including participation in mining pools, and apply to eight municipalities in the Kursk region as well as the city of Lgov. The decree was formally published after being signed by Russian Prime Minister Mikhail Mishustin. In April, the Moscow region’s energy ministry asked the central government to ban cryptocurrency mining. The region’s energy minister said power consumed by crypto mining in the Moscow region had exceeded 1 GW, while the activity was not having a positive impact on the local economy. Russia had already banned mining in multiple regions, including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, and southern Irkutsk, starting Jan. 1, 2025.

A new Minnesota state law banning the operation of cryptocurrency ATMs officially takes effect today, requiring crypto ATMs across the state to shut down by today and be physically removed from retail stores and other installation sites by the end of this year. At the time the bill was passed, Minnesota had around 350 licensed crypto ATMs operated by eight companies. Minnesota’s Department of Commerce said regulators investigated 134 complaints related to crypto ATMs between 2023 and 2025, with resident losses totaling nearly $1 million. Law enforcement authorities said the funds from those transactions were largely sent overseas, making them difficult to trace.

Strategy said the August Stretch Dividend Rate for its STRC preferred stock will remain at 12.00%.

Crypto in America host Eleanor Terrett said on social media that this weekend could be a pivotal waiting period for supporters of the Clarity Act as the White House reviews proposed revisions to the bill’s ethics provisions with state attorneys general.

U.S. CFTC sues to block New York state bid to shut down Kalshi

Whale Alert reported that 257,200,761 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $257 million.

Bitfinex said in a report that Bitcoin has continued to trade sideways above bear-market lows despite several headwinds, including rising expectations for interest rate hikes, higher bond yields and a sell-off in AI-related stocks, according to CoinDesk. The report said many had feared a steeper decline, but Bitcoin has remained range-bound, which it attributed to positioning. It added that the crypto market fell less than leveraged equity themes as capital tied to forced selling had already been exhausted. A large share of leveraged positions was liquidated in late June, the report said, limiting forced selling during the recent spike in volatility. Investors are now watching U.S. employment data and clearer Federal Reserve policy guidance, while also focusing on whether inflows into Bitcoin ETFs resume, it added.