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Crypto market maker Wintermute added several million dollars more to Hyperliquid and increased its short positions to $190.77 million from $146.19 million, according to Onchain Lens. The largest short position was in ETH at $53.02 million, followed by BTC at $30.66 million, SOL at $22.62 million, HYPE at $11.43 million, and XRP at $10.19 million.

Hundreds of thousands of corporate and foreigner accounts are registered on South Korean virtual asset exchanges, but only a tiny fraction are actively used, according to the Seoul Economic Daily. As of the end of last month, the five major South Korean virtual asset exchanges had a combined 6,590 registered corporate accounts and 566,352 foreigner accounts, the report said. Actual usage was limited. Among general corporate accounts, only 29 were active last month, meaning they were used at least once for trading, swaps, staking, or virtual asset deposits and withdrawals. Of those, 22 were accounts at Dunamu.

South Korea’s National Tax Service is holding its first advisory panel meeting today as it aims to establish a notice on digital-asset, or virtual-asset, taxation as early as October, Edaily reported. The National Tax Service is set to hold a closed-door meeting on Aug. 24 with a 12-member advisory committee on drafting the notice and begin full-scale discussions. Meanwhile, the government and ruling Democratic Party plan to proceed as scheduled with taxation from January next year under the principle that income should be taxed, while the opposition party is calling for either repeal or a delay, arguing the policy is unfair compared with stocks and that preparations remain insufficient.

A vulnerability exploit hit a vault at Ethereum-based fixed-rate lending market Term Finance, resulting in the theft of about $8.5 million in assets, The Block reported. The hacker is estimated to have stolen 2,843 ETH worth about $6.9 million and 1.68 million USDC. The 1.68 million USDC was later swapped for about 1.68 million DAI. Term Finance said it had confirmed the hack affecting its Term Vault and would disclose further details after completing its investigation.

Tether has halted a roughly $120 million Bitcoin mining project in Uruguay, The Block reported. The project had been seen as a first step in expanding across the broader South American market, but the effort was scrapped amid a contract dispute between Tether and Uruguay’s state power company UTE. The two sides disagreed over the amount of electricity to be supplied to two mining facilities under the contract. Tether interpreted the agreed power volume as a minimum supply level that could be increased later, while UTE viewed it as a ceiling that could not be exceeded. The parties later tried to revise the contract terms to resolve the dispute, but no agreement was reached after Tether representatives did not attend the signing meeting for the amended contract.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,007.23 on the Binance USDT market.

XRP has fallen by 3.37% in the past five minutes on the COINNESS market. Currently, XRP is trading at $1.48.

ETH has fallen by 2.13% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,399.91.

According to CoinNess market monitoring, BTC has risen above $77,000. BTC is trading at $77,066 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $76,000. BTC is trading at $75,866.81 on the Binance USDT market.

South Korean exchange Upbit announced the addition of Interfold (FOLD) for trading against KRW, BTC and USDT at 3:30 a.m. UTC on Aug. 23.

We provide real-time cryptocurrency investment updates around the clock from 10:00 p.m. UTC on Sunday through 3:00 p.m. UTC on Saturday. Between 3:00 p.m. UTC on Saturday and 10:00 p.m. UTC on Sunday, updates are limited to major market-moving developments. Note: Overseas economic breaking news on the CoinNess Live app and CoinNess web service remains available continuously.

According to Woo Blockchain on X, Bitcoin traded at around $586 on Aug. 22, 2016, and with BTC now changing hands in the $77,000 range, the price has risen about 130-fold over the past decade.

Bitcoin’s relative strength index, or RSI, has climbed to 84-86, pushing BTC into its strongest overbought zone in nearly two years since November 2024. After breaking out of its recent $62,000-$71,000 range, BTC surged as much as 12% in one to two days and at one point came close to $80,000. More than $3 billion in short positions were liquidated over 24 hours during the move, accelerating the rally. Crypto Briefing said, "다만 강한 상승 추세에서는 RSI가 장기간 과매수 구간에 머물 수 있어 즉각적인 가격 하락 신호로 단정하기는 어렵다. 단기적으로는 7만7000달러 지지 여부가 주요 관전 포인트로 꼽힌다."

Pantera Capital portfolio manager Cosmo Jiang said traders and funds are shifting their BTC positions from short to long after Bitcoin recently broke above its 200-day moving average of $69,000. Jiang said BTC fell about 50% during a 10-month correction after reaching a peak of about $126,000 in October 2025, but rebounded more than 23% over the past week, changing market sentiment. Jiang added that a friendlier U.S. regulatory environment and an expansion of U.S. Treasury buybacks of government bonds have acted as bullish catalysts, while pointing to $80,000 as the next major resistance level.

Bhutan’s royal government transferred 10.779 BTC, worth about $835,000, to two newly created addresses, according to Onchain Lens. The purpose of the transfer was not identified.

Wintermute deposited 590.9 BTC worth about $45.66 million into Binance about an hour ago, according to Onchain Lens. The market maker has sent a total of 3,834.3 BTC worth roughly $256.8 million to Binance this week.

Harmony (ONE) said it has completed its blockchain rollback and that the network is now operating normally. The project had earlier carried out the rollback to restore the chain to its Aug. 11 state in response to an incident in which an attacker fraudulently minted a large amount of ONE tokens.

Hong Kong’s Securities and Futures Commission has designated Diamond Coin and Diamond Fund as suspicious digital token-related investment products. The products were presented as digital tokens representing rights in Diamond Fund, which claims to invest in ancient artworks and historical artifacts, while advertising target annual returns of more than 30%. The SFC said the products had been promoted to investors in Hong Kong and urged caution over related social media accounts and posts. Vajra Issuance Limited was identified as the entity responsible for operating and promoting the products.

Joris Delanoue, CEO of on-chain securities infrastructure firm Fairmint, warned that the tokenized stock market could face problems similar to Wall Street’s paper crisis in the 1960s if it becomes fragmented across exchanges, special purpose vehicles, token wrappers and separate ledgers. Delanoue said some tokenized stocks provide only economic exposure, such as price exposure, rather than actual share ownership, meaning investors may not be guaranteed voting rights, dividends or legal claims to the underlying assets. Delanoue added that for the tokenized stock market to grow, the industry needs clear records of investor ownership as well as common standards and interoperability linking different trading and securities systems.

JPMorgan’s tokenized U.S. Treasury product has nearly tripled to $884.6 million from about $300 million at the end of May, according to Crypto Briefing. Its flagship products, JLTXX and MONY, operate on Ethereum, with combined assets under management exceeding $900 million. Institutional investors can invest from a minimum of $1 million, and the products support real-time on-chain settlement using cash or USDC. The overall tokenized U.S. Treasury market has grown beyond $15 billion. Crypto Briefing said JLTXX was designed to meet reserve-asset requirements under the GENIUS Act, allowing stablecoin issuers to use it as a reserve management vehicle.

Upbit, South Korea’s largest cryptocurrency exchange, recorded about 1.15 trillion won ($840 million) in trading volume over one hour as the crypto market plunged and volatility intensified. Around 5:00 a.m. UTC today, major cryptocurrencies including BTC briefly tumbled and then showed elevated volatility, driving a sharp increase in trading by South Korean investors. Over the past 24 hours, trading volume was estimated at about 5.29 trillion won ($3.86 billion) on Upbit, 2.71 trillion won ($1.98 billion) on South Korean exchange Bithumb, and 240 billion won ($175 million) on South Korean exchange Coinone.

AIGENSYN COO Jeff Amico said investors in RWA lending products may not have adequate legal protection in an actual default scenario despite the high yields on offer. Amico explained that in some RWA vault structures, investors receive yield-bearing stablecoins while the actual loans and collateral belong to a separate entity or special purpose vehicle, meaning investors may not have direct legal claims against the borrower or the collateral. Amico added that RWA investors should check who is legally obligated to repay the debt and whether rights to the collateral have been properly established, and stressed that the market needs clear creditor rights and infrastructure capable of verifying off-chain collateral and contract terms to support RWA market growth.

Well-known crypto trader Killa said BTC market structure has shifted in a bullish direction and Killa is increasing an existing long position. Killa said Killa had previously stated that if the structure turned, Killa would add to the long position and hold it through a move to a new all-time high, adding that the shift has now appeared. Killa also said BTC could see a sharp rise and then quickly correct to the low-$70,000 range in the near term, before moving in a range for the next three to four months.

A BIT-linked address closed 40,000 ETH from a previously built 120,000 ETH long position at $2,513, realizing $9.897 million in profit, according to on-chain analyst ai_9684xtpa. As ETH later fell, another BIT-linked address added a 9,021 ETH long position and also placed an additional buy order for 10,000 ETH. Combined, three BIT-linked addresses now hold 59,000 ETH in long positions, with unrealized profit of about $8.73 million.