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Wallet of Satoshi said it will gradually phase out its existing wallet service, under which the company held users’ private keys directly, and shift to a self-custody model for its Bitcoin Lightning Network wallet. Under the new wallet, users will hold their own BTC and private keys, while the service will support both Lightning Network and Bitcoin on-chain transactions. In the U.S., the European Union, Australia and New Zealand, issuance of Lightning invoices on the legacy wallet has already been discontinued, with the remaining regions set to follow by the end of September. Receiving and sending through existing Lightning addresses will continue, and users can move their balances to the new self-custody wallet through June 30, 2027. Wallet of Satoshi previously shifted its in-store POS service to a self-custody model in May.

South Korea will expand its virtual asset service provider registration review to cover major shareholders starting Aug. 20, News1 reported. If there is a change in a major shareholder or in a company’s legal compliance framework, the operator must notify financial authorities 30 days in advance. South Korea’s Financial Intelligence Unit and the Financial Supervisory Service unveiled the revised registration manual at a briefing in Seoul on Aug. 13 for virtual asset service providers and prospective operators. The review will cover not only the largest shareholder and major shareholders with stakes of 10% or more, but also shareholders who are specially related parties of the largest shareholder. If the largest shareholder is a corporation, the corporation’s largest shareholder and representative may also be subject to review.

Binance announced it will temporarily suspend deposits and withdrawals of Ontology (ONT) starting at 12:00 a.m. UTC on Aug. 21 to support the Ontology network upgrade and hard fork.

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: 51.17% long, 48.83% short - Binance: 51.11% long, 48.89% short - OKX: 51.01% long, 48.99% short - Bybit: 50.77% long, 49.23% short

North Korean hacking group Lazarus moved 262.2 BTC worth $16.64 million to a new address two hours ago, in what appears to be money-laundering activity. According to on-chain analyst ai_9684xtpa, Lazarus currently holds BTC and USDT worth $73.06 million.

A South Korean court sentenced Delio CEO Jeong Sang-ho to 15 years in prison in a first-instance ruling over cryptocurrency fraud charges tied to about 250 billion won, according to Digital Asset. The 11th Criminal Division of the Seoul Southern District Court said the offense was serious and that Jeong had consistently shifted responsibility to other companies while trying to evade accountability, Digital Asset reported. The ruling came about three years and two months after Delio halted withdrawals in June 2023.

Spot CVD refers to an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The upper volume heatmap tracks trading volume by price range. 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 lower CVD indicator reflects buy and sell orders by capital size, and each colored line rises as buy orders increase in that segment. 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.

Forward Industries, a Solana accumulation company, posted a $69 million net loss in the second quarter as SOL fell, according to BeInCrypto. The company currently holds 7.55 million SOL and added more than 500,000 SOL during the quarter through additional purchases and staking, BeInCrypto said. Forward Industries is the largest SOL-focused DAT.

South Korean exchange Korbit’s operator, DigitalX, will carry out a 50 billion won ($36.1 million) third-party allotment capital increase shortly after joining Mirae Asset Group and completing a corporate name change, News1 reported exclusively. Korbit changed its corporate name to DigitalX Co. on Aug. 11. Mirae Asset Group plans to develop DigitalX into a platform that goes beyond a simple exchange and links traditional assets with cryptocurrencies.

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for Pocket Network (POKT) at 9:00 a.m. UTC on Aug. 18 due to a network upgrade.

Bitcoin is facing resistance near $67,900, the average cost basis of short-term holders who have held the asset for less than three months, and has failed to break above that level for two months, crypto analyst Murphy said. Murphy explained that as bear markets move into their later stages, trading by short-term holders tends to decline, flattening the slope of the overall average cost basis curve. BTC is still failing to push higher through that range, while changes in the average cost basis remain minimal, Murphy said. Murphy added that similar patterns persisted for about three months in the later stages of the 2018 and 2022 bear markets before prices moved sharply following the Bitcoin Cash hash dispute and the collapse of FTX. The market is now in a phase where volatility could surge in either direction if an external shock emerges.

Harmony said it is working with exchanges and validators to pursue a rollback after an unauthorized issuance incident involving ONE. The project added that it plans to release a fix for the vulnerability and publish a list of hacker addresses. The amount of abnormally issued ONE is currently estimated at more than 30 trillion.

Jacob Creech, head of developer relations at the Solana Foundation, said on X that the network continued operating normally despite an outage yesterday at an infrastructure provider used by Solana (SOL) validators. Creech said 597 of 699 staking validators remained online and that validators affected by the disruption were restored within 40 minutes.

CoinDesk said Dogecoin was showing weakness around $0.07 while leveraged futures positioning climbed দ্রুত, raising the risk that further declines could trigger large-scale liquidations and intensify selling pressure. According to CoinGlass, open interest in DOGE futures rose to $1.21 billion from about $930 million in late June. In DOGE terms, open interest reached 17.18 billion coins, nearing 17.78 billion DOGE in October last year, when the price was around $0.25. CoinDesk said the price is still under one-third of that level, but futures open interest measured in DOGE has nearly returned to it. On Binance, accounts holding long positions outnumber shorts by more than three to one, while on OKX the ratio is more than five to one, indicating more traders are betting on upside. CoinDesk added that if the price falls further, leveraged positions could be liquidated in a chain reaction, adding to selling pressure.

U.S. spot Ethereum ETFs recorded net inflows of about $7.4 million on Aug. 12, reversing course after two straight trading days of net outflows, according to Farside Investors. - BlackRock ETHA: +$7.4 million

U.S. spot Bitcoin ETFs saw net outflows of about $61.1 million on Aug. 12, reversing to net outflows a day after posting net inflows, according to Farside Investors. - BlackRock IBIT: -$14.3 million - Fidelity FBTC: -$46.8 million

Bitcoin’s downside risk has eased somewhat after U.S. inflation data came in line with market expectations, but a meaningful price move will likely require data that diverges from consensus, CF Benchmarks Head of Research Gabe Selby said in an interview with CoinDesk. Selby said BTC rose an average of 3.25% in three of the past nine inflation releases that came in below expectations. If the data matches forecasts, the risk of a sharp drop may be limited, but a surprise is needed for a fresh catalyst, Selby added. July consumer price index data released yesterday rose 0.1% month on month and 3.4% year on year, broadly matching market expectations. BTC rose about 0.5% immediately after the release, then gave back those gains and was trading around $63,500. The market’s next key events include the Jackson Hole meeting later this month, the Sept. 4 employment report, and the Sept. 11 inflation data.

Rising prices for metals such as gold, copper and uranium are prompting mining and technology companies to develop crypto tokens linked to physical metals, the Financial Times reported. Companies involved said the products could make metal investing more accessible for retail investors, let crypto investors diversify into real-world assets, and provide miners with a new fundraising channel. Tokenized metals are also expanding beyond gold to uranium, nickel and cobalt. Some companies are trying to tokenize metals before they are mined to fund development. Nasdaq-listed Datavault AI is pursuing a model that would tokenize metals such as copper and antimony before extraction, allowing investors to trade the tokens or redeem them for physical metal after mining. Experts, however, said mining projects are inherently complex and difficult for ordinary investors to assess properly. They also pointed to challenges around whether industrial metals, which vary by purity and origin, can be treated as uniformly as gold, while fragmented trading platforms were cited as another obstacle to accessibility and interoperability.

Boltz, a non-custodial Bitcoin swap platform that suspended services indefinitely last week as AI-based attacks surged, is being acquired by a group of veteran Bitcoin backers, the company said on X. Boltz said the frequency, intensity and sophistication of attacks had risen in recent months, and some attacks caused losses. The company said its five-person, self-funded startup team concluded it would be difficult to withstand that level of attacks over the long term. A group of veteran Bitcoin industry participants will provide the capital and engineering resources needed to acquire Boltz and continue the service, according to the company. The new operators are reviewing and patching vulnerabilities and plan to resume swap services as soon as possible. The identity of the acquirers was not disclosed, and all existing founders stepped down immediately. Boltz had halted services on Aug. 3 to prevent further damage and said users' funds were unaffected because of the platform's non-custodial structure.

A newly created wallet beginning with 0x14699 deposited $153,000 into Hyperliquid and opened a 40x leveraged long position in 97.92 BTC worth $6.22 million, according to Lookonchain. The liquidation price is $62,825.

Glassnode said Bitcoin spot trading volume has fallen to its lowest level since the firm began tracking the data in 2019, warning that losses could deepen if BTC breaks below $58,500, according to Wu Blockchain. Glassnode said BTC is currently trading between the median realized price of $63,000 and the average entry price for short-term holders of $68,700. The firm added that indicators pointing to seller exhaustion are nearing levels seen at past bear-market bottoms, but spot demand remains weak as ETF net inflows are limited and BTC continues to see net inflows to exchanges. With buying interest thin and leveraged positions crowded, Glassnode said a drop below the June low of $58,500 could accelerate the downside.

An anonymous whale address starting with 0xDeB0 deposited 60,000 HYPE into Hyperliquid and then sold 31,560 HYPE worth $1.77 million, according to Onchain Lens. Separately, two orders to sell HYPE using a time-weighted average price, or TWAP, strategy are currently in progress, including one order to sell 40,000 HYPE worth $2.1 million with about 15 hours remaining. The whale also transferred about 1.67 million USDC to Coinbase.

Pools.fun, a token issuance platform jointly launched by decentralized exchange SushiSwap and automated trading agent Bankr, plans to launch its own protocol token, Bankr founder 0xDeployer said on X. 0xDeployer said 30% of protocol fees will be used for token buybacks and burns, while an airdrop and a points program are also planned. The founder added that users’ trading volume and the trading volume of tokens users issue on the platform will be reflected in the points system. 0xDeployer also said fees to be used for buybacks after the token launch are already being accumulated.

Bitwise CIO Matt Hougan said the crypto market will grow around projects that generate profits. In a post on X, Hougan said Hyperliquid (HYPE), Pump.fun (PUMP), Uniswap (UNI), Aave (AAVE), Aptos (APT) and Solana (SOL) all use generated fees for buybacks or token burns, but those mechanisms are not yet reflected in the tokens’ prices. Hougan had also said in May and July that the market was showing rising interest in protocols that return fee revenue to token holders.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $21.29 million liquidated (51.01% longs) - ETH: $35.29 million liquidated (53.46% shorts) - SPAX: $10.88 million liquidated (91.07% shorts)