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An anonymous whale that previously sold Ethereum near the $4,400 peak has accumulated 16,699.32 ETH worth about $35.84 million since yesterday, according to an analysis by on-chain analyst ai_9684xtpa. The analyst said the whale has been buying ETH through the COW decentralized exchange, with an average entry price of $2,146.42. Unrealized profit has already reached $3.335 million, ai_9684xtpa said. The funds used for the purchases were said to have passed through a mixer, a tool that makes transaction tracing more difficult. The analyst added that if the wallet belongs to a hacker, it would suggest unusually strong trading skill.

Nasdaq-listed Ethereum treasury company SharpLink (SBET) staked an additional 39,319 ETH around four hours ago, worth about $91 million, according to Lookonchain on X.

Bitcoin selling pressure has weakened to near-bottom levels, crypto asset manager 21Shares said in an analysis. The seller exhaustion constant currently stands at about 0.007, a level lower than just 0.3% of the period since 2010. In a post on X, 21Shares said there had been 11 previous cases when the indicator fell to similar levels, and BTC rose one year later in all of them, with a median gain of 155%. 21Shares added that further short-term declines had still occurred after such readings, meaning the current level does not necessarily mark a price bottom.

Shinhan Asset Management said on Aug. 21 it signed a four-party MOU with the Solana Foundation, Etherfuse and Orca for a proof of concept on the full issuance and distribution process for a won-denominated tokenized fund. According to SBS Biz, the four parties plan to jointly verify the technology across the entire process from issuance to distribution under a structure in which overseas institutional investors buy a won-denominated ultra-short bond fund managed by Shinhan Asset Management and receive it in tokenized form.

Major exchanges have seen $153 million worth of futures liquidated in the past hour. In the past 24 hours, $1,086 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has risen above $74,000. BTC is trading at $74,018.69 on the Binance USDT market.

Arbitrum implemented the ArbOS 61 Elara upgrade on Aug. 20, adding a feature that lets operators of dedicated Arbitrum chains run separately by companies and other entities block transactions from specific addresses, The Defiant reported. The feature is disabled on Arbitrum One and Arbitrum Nova, so it does not currently affect transactions by general users. If needed, operators of dedicated chains can integrate restricted address lists from TRM Labs or Chainalysis to block transfers or smart contract calls. The upgrade also includes priority fee functionality and data availability integration for dedicated chains, while Arbitrum One’s Stylus-based smart contract size limit was expanded to 96KB from 24KB.

A hacker bought another 3,386 ETH worth $7.95 million about six hours ago, according to on-chain analyst EmberCN. Over the past 24 hours, the hacker has bought a total of 21,659 ETH worth $46.49 million at an average purchase price of $2,146, with unrealized gains currently around $4.14 million.

Binance founder Changpeng Zhao, also known as CZ, said tokenizing assets could be an effective way for countries to raise capital and attract foreign direct investment, adding that CZ supports tokenizing assets on every blockchain. In a post on X, Zhao said any country or company would want to tokenize shares and sell them to investors worldwide. Zhao said tokenization across multiple blockchains could fragment liquidity, but added that it would also let multiple participants expand the market at the same time, making it the fastest way to grow the industry. Zhao added that the liquidity fragmentation issue could be addressed to some extent if tokens can be exchanged easily even when they are issued by different entities, and said that point is important.

A whale address beginning with 0x4ce that bought 10,501 ETH worth $20 million about a month ago appears to have fully cashed out, according to on-chain analyst EmberCN. EmberCN said the whale deposited a total of 10,501 ETH to Binance in two transactions on Aug. 20 at 3:25 a.m. UTC and 2:36 p.m. UTC, sending 5,250 ETH each time. Exchange deposits are typically interpreted as a move to sell, and the whale then withdrew a corresponding amount of USDC shortly after depositing the ETH. The whale bought 10,501 ETH on July 21 at an average entry price of $1,904, and the sale is estimated to have generated a profit of about $3.7 million in a month.

South Korean exchange Upbit announced the addition of Biconomy (BICO), Bubblemaps (BMT), Nillion (NIL) and Ether.fi Staked Gwei (GWEI) for BTC and USDT trading at 4:00 a.m. UTC today.

Taiwanese singer Jeffrey Huang, also known as Machi Big Brother, has reopened a 40x leveraged long position in BTC and increased the size to 100 BTC, Odaily reported. Huang also holds long positions in 27,500 ETH at 25x leverage, 199,000 HYPE at 10x leverage and 2 billion PUMP at 10x leverage. The combined value of the four long positions stands at $78.368 million.

Buyers with strong conviction in Bitcoin’s upside and a tendency to hold for the long term now account for more than 20% of BTC supply, a level above past cycles, according to on-chain analytics firm Glassnode. Glassnode added these holders have steadily accumulated Bitcoin since January, and said this long-term holder accumulation trend was also seen during the 2022 bear market. The firm had previously said market bottoms form when profit-taking by holders slows and conviction-driven buyers step in, adding that the same pattern appeared during the 2022 bear market.

CoinMarketCap’s Altcoin Season Index came in at 37, down seven points from yesterday. The index is calculated by comparing the price performance of Bitcoin with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A reading is considered altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered Bitcoin season. The closer the index is to 100, the more strongly it signals altcoin season.

RWA-focused layer-one blockchain MANTRA said it temporarily halted network operations after a chain outage, while it investigates the cause and takes preventive steps. All endpoints and transaction processing are currently suspended, temporarily affecting deposits and withdrawals on the MANTRA chain. The project said it does not yet know the cause of the disruption or when service will be restored.

Bitcoin’s move above $73,000 is being supported not only by a large-scale short squeeze but also by spot and ETF demand, Nansen said in an analysis cited by The Block. Nansen analyst Nicolai Sondergaard said short covering accelerated the advance but did not create the rally, while spot and ETF demand has also been strengthening. With most of the short squeeze now largely complete, whether the uptrend continues will depend on spot buying, Sondergaard said. He added that if BTC holds above $70,000, the positive momentum could continue, while a pullback to $69,000-$69,700 could still be seen as a normal retest of the breakout range.

Major exchanges have seen $133 million worth of futures liquidated in the past hour. In the past 24 hours, $940 million worth of futures have been liquidated.

BitMEX co-founder Arthur Hayes said in an interview with crypto journalist Laura Shin that investors seeking Bitcoin exposure through the stock market would be better off buying a spot ETF than Strategy (MSTR) shares. Hayes said Strategy briefly made sense when the market feared BTC could fall to $20,000, but added the company matters less in an easing economic environment with expanding liquidity provision. If investors want to use the stock market for BTC reinvestment, Hayes said, they can buy BlackRock’s spot Bitcoin ETF IBIT or other ETFs, adding there is no reason to buy Strategy. Hayes also said institutional demand for crypto investment is unlikely to flow through Strategy, and added the structure does not work unless Strategy shares trade at a premium to modified net asset value, or mNAV.

The spot CVD chart tracks order book activity in 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 by price zone. Background colors become brighter when the price stays in a specific range for an extended period or makes a large move. Brighter areas may act as support or resistance. - The CVD indicator reflects buy and sell orders by order size. As buy orders increase, the line for the corresponding size band 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, among other categories.

CoinMarketCap’s in-house Crypto Fear and Greed Index rose nine points from yesterday to 64, moving from neutral to greed. A reading closer to zero indicates extreme fear in the market, while a reading closer to 100 signals extreme optimism. 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, or SSR, and CoinMarketCap’s own search data.

According to crypto options exchange Deribit, Bitcoin options worth $1.75 billion are set to expire at 8:00 a.m. UTC today. The put/call ratio stands at 0.81, and the max pain price, the level at which the largest number of option buyers lose their premium, is $67,000. At the same time, Ethereum options worth $340 million are also set to expire. The put/call ratio is 0.82, and the max pain price is $2,000.

South Korean exchange Bithumb announced the temporary suspension of deposits and withdrawals for MANTRA starting at 11:59 p.m. UTC yesterday due to a network issue.

South Korean exchange Upbit announced a temporary suspension of deposits and withdrawals for MANTRA starting from the time the notice was posted, citing a network issue.

According to CoinNess market monitoring, BTC has risen above $73,000. BTC is trading at $73,010 on the Binance USDT market.

Sui demonstrated programmable transaction block, or PTB, technology for AI agents at its Basecamp event, Crypto Briefing reported. PTB executes up to 1,024 Move function calls in a single transaction and reverts the entire transaction if part of the process fails. The structure allows AI agents to handle authentication, data queries, financial logic execution and payments in one step. Sui said transaction finality takes about 400 milliseconds and controlled AI agent tests reached as high as 6.08 million TPS.