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The Digital Asset eXchange Alliance (DAXA) said it referred four unregistered offshore cryptocurrency exchanges to police on Aug. 31 after finding they had continued serving South Korean users without filing the required registration. According to The Asia Business Daily, the referral was aimed at addressing illegal domestic business activities by unregistered offshore exchanges that failed to comply with reporting requirements under Article 7 of a law on the reporting and use of specified financial transaction information.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the volume heatmap, while the lower section represents 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 makes a large move. Brighter areas may act as support or resistance. - The CVD indicator in the lower section reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line is based on orders worth $100 to $1,000, while the brown line tracks large orders worth $1 million to $10 million, among others.

CoinMarketCap’s in-house Crypto Fear and Greed Index came in at 75, unchanged from yesterday, indicating that the market remained in the greed zone. The index signals extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the index based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as the put/call ratio, the stablecoin supply ratio, and CoinMarketCap’s own search data.

Wallets linked to North Korea’s Lazarus Group, a hacking organization sanctioned by the U.S. Office of Foreign Assets Control, recently transferred $30 million in cryptocurrency through Hyperliquid, Wu Blockchain reported, citing an analysis by Arkham analyst Emitt Galili. According to Wu Blockchain, the funds entered Hyperliquid as Bitcoin, were swapped into Ethereum and Solana, then bridged to the Tron, Solana and Ethereum networks before being transferred to KuCoin, LBank, Kraken and several unidentified Tron-based services.

President Donald Trump ruled out the use of nuclear weapons in the conflict with Iran. At a recent White House press conference, Trump said, "핵무기는 누구도 사용해서는 안 되며 미국은 재래식 무기만으로도 이란군에 충분한 타격을 가할 수 있다." Trump added, "미국의 공습으로 이란군은 이미 궤멸적인 타격을 입었으며 핵무기와 같은 최후의 수단으로 갈등을 확대할 필요는 없다."

Open interest in the Bitcoin derivatives market has fallen while long-position funding rates have risen, pointing to a possible long squeeze ahead, according to CryptoQuant analyst Axel Adler Jr. Adler said BTC open interest fell about 3.8% to 318,000 BTC on Aug. 21 from 331,000 BTC on Aug. 31, local time. Over the past 24 hours, positions totaling 2,850 BTC were liquidated, and the derivatives market is now in a deleveraging phase following a short squeeze, Adler said. At the same time, the funding rate stands at 0.00906%, with the eight-hour average at 0.00821% and the 24-hour average at 0.00725%. With the eight-hour average running about 13% above the 24-hour average, short-term crowding in long positions is intensifying, he said. Adler added that if Bitcoin falls below a key support level, it could trigger a cascade of forced liquidations in long positions, resulting in a long squeeze.

Crypto.com has partnered with fintech media outlet Payments.com (PYMNTS) and plans to launch more than 20 AI-related prediction market products starting in September, AMBCrypto reported. The products will cover healthcare, retail, and financial services and will be offered through OG Prediction Market, which is regulated by the U.S. Commodity Futures Trading Commission (CFTC).

Strategy has sent a letter to MSCI opposing a proposal to exclude non-operating companies from the MSCI Global Investable Market Index, arguing the move is misleading and flawed and discriminates against cryptocurrency companies. The company also questioned MSCI’s fairness and credibility. MSCI had earlier said it was reviewing changes to eligibility requirements for the Global Investable Market Index, and that Strategy, Metaplanet and others could be removed from the index if the revised rules are adopted.

The three major U.S. stock indices closed lower today. - S&P 500: -0.33% - Nasdaq: -0.12% - Dow Jones: -0.70%

Polymarket is in talks to raise $1 billion at a $20 billion valuation, with 1789 Capital, an investment firm co-founded by Donald Trump Jr., set to lead the round, Crypto Briefing reported. 1789 Capital previously invested in Polymarket in August 2025, with the investment said to total tens of millions of dollars. Trump Jr. later joined Polymarket’s advisory board.

Whale Alert reported that 229,538,292 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $230 million.

North Korean hackers moved about $30 million worth of Bitcoin through Hyperliquid over the past three weeks, Crypto Briefing reported, citing Arkham data. In December 2024, Hyperliquid came under scrutiny over links to wallets labeled as belonging to North Korean hackers. At the time, Hyperliquid said there had been no hack and no loss of user funds.

Assets under management for Bitwise's spot XRP ETF, XRP, surpassed $500 million as of the end of August, about nine months after its launch, according to crypto market data platform SoSoValue. CoinMarketCap data showed XRP trading at $1.38, down 2.72%.

OpenSea will support trading in Solana-based NFTs, The Block reported. The move comes more than four years after OpenSea launched a beta version of Solana NFT trading in April 2022. At the time, OpenSea supported Solana NFT trading for 165 collections, but later ended that support. With the service now restored, users can buy, sell and trade Solana-based NFTs on OpenSea. Solana is the first non-EVM chain to gain NFT trading support on OpenSea since the company ended its beta support, according to The Block.

Former Credit Suisse global head of valuation risk CK Zheng said Bitcoin will top $150,000 by the end of 2027, according to Yahoo Finance. Zheng said Bitcoin has moved past the worst phase of the current cycle and that the recent decline reflects the asset class’s maturation rather than a collapse seen in earlier periods. Zheng added that greater regulatory clarity, institutional adoption and the potential passage of the Clarity Act could drive the next bull market. Rising U.S. debt is also expected to boost demand for Bitcoin and gold as hedges against a weaker dollar, while scarcity and broader adoption could fuel fear of missing out among institutional investors and support further price gains.

According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,008.73 on the Binance USDT market.

The CME FedWatch tool shows a 65.9% probability that the Federal Reserve will raise its benchmark interest rate by 25 basis points at the September Federal Open Market Committee meeting, while the probability of a pause stands at 34.1%. CME FedWatch, a rate outlook tool provided by CME Group, calculates the probability of future FOMC rate moves based on market expectations reflected in prices for 30-day federal funds futures. The gauge is therefore meaningful as an indicator of rate expectations currently priced in by financial market participants, rather than as the Federal Reserve’s official outlook.

The U.S. SEC and the U.S. CFTC are accelerating their own rulemaking for the crypto market while the fate of the CLARITY Act remains uncertain during Congress’s summer recess, Decrypt reported. The two agencies launched a joint public comment process in June on swaps, security-based swaps, the definition of emerging products and the scope of each agency’s jurisdiction. In a comment letter recently submitted to the SEC in response to that joint request, former CFTC Chairman Chris Giancarlo and former SEC Commissioner Steven Wallman warned that setting the wrong regulatory standards for swaps, security-based swaps and emerging products could drive profitable markets overseas. Separately, the SEC recently asked the White House Office of Information and Regulatory Affairs to review a proposed revision to asset custody rules for investment advisers and investment companies. The proposal is expected to establish a regulatory framework for how SEC-regulated investment advisers and investment companies can hold digital assets such as cryptocurrencies while complying with federal securities laws, though the specific provisions have not yet been disclosed.

Coinbase CEO Brian Armstrong said on Katie Miller’s podcast that entrenched interests are opposing the Clarity Act, arguing they do not want to compete with crypto companies that can offer consumers better financial services and want to keep control of the broader financial services industry. Armstrong also said President Donald Trump correctly recognized that millions of Americans felt alienated by the previous administration’s regulation of the crypto industry, and argued it is now time to pass the Clarity Act to protect consumers. He added the bill would benefit banks, law enforcement, crypto companies and, above all, the American people.

Binance founder Changpeng Zhao, better known as CZ, said on X that growth in his account’s follower count had been a consistent early indicator across multiple cycles. Zhao used "..." and did not specify which cycle he meant, but the cryptocurrency community interpreted the comment as referring to a bull cycle.

Publicly traded investment firms and vehicles led by David Einhorn, Cathie Wood, Warren Buffett, Bill Ackman, Carl Icahn and Michael Saylor have all underperformed the S&P 500 this year, Cointelegraph reported. Strategy, led by Saylor, was down 19% year to date, trailing the S&P 500, which was up 12.6% over the same period, by 31.6 percentage points.

Cashlink, a tokenization platform licensed by Germany’s Federal Financial Supervisory Authority, or BaFin, for crypto securities registration and custody, has entered a strategic partnership with Ava Labs, the developer of Avalanche (AVAX), Crypto Briefing reported. Under the partnership, Cashlink plans to integrate the Avalanche blockchain into its security token infrastructure, expanding the options available to major German financial institutions.

Hyperliquid, the world’s largest decentralized perpetual futures exchange, is in late-stage talks with Payward, the parent company of U.S. crypto exchange Kraken, on entering the U.S. market, Bloomberg reported, citing sources. If the deal goes through, subject to regulatory approval, U.S. traders would be able to trade crypto perpetual futures built on Hyperliquid’s blockchain technology through Bitnomial, a regulated exchange under Payward. Payward has also submitted a proposal outlining the basic business structure of the partnership to the U.S. Commodity Futures Trading Commission, according to the report. HYPE was trading at $83.9, up 0.28%, according to CoinMarketCap.

A cryptocurrency community analysis has raised the possibility that the halt in new block production on the Injective (INJ) mainnet was caused by an exploit attack. In connection with this, crypto-focused Telegram channel Moneystack warned that on-chain data suggests around $2.79 million in cryptocurrency appears to have been stolen in the hack, while an on-chain message on Etherscan shows a demand for negotiations with the attacker. Moneystack added that the Injective team had not yet issued an announcement. CoinNess previously reported that new block production on the Injective mainnet had stopped.

Bithumb announced the temporary suspension of INJ deposits and withdrawals due to an issue on the Injective network.