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PenguinSwap, a DeFi platform built on the Creditcoin mainnet, has officially launched its new token distribution service, PenguinSwap Launchpad, Creditcoin said on Aug. 27. The first project on the platform, the MINI token sale, sold out and had raised about $1.22 million by the end of the sale. Following MINI, PenguinSwap is preparing token sales for additional projects including Dungeoncoin and Attestcoin, as it moves to expand liquidity supply across the Creditcoin ecosystem.

CryptoQuant CEO Ki Young Ju said the peak of the current Bitcoin bull cycle may depend largely on institutional capital inflows from outside the United States and wider adoption of spot ETFs. Ju said the United States has so far led institutional adoption of Bitcoin, while institutional investment and spot ETF investment are likely to expand more fully in other countries going forward. Ju added that South Korea still has no spot Bitcoin ETF, retail investors cannot buy overseas ETFs, and companies have difficulty even opening exchange accounts. If those restrictions are lifted and infrastructure tied to stablecoin liquidity and real-world assets grows, more institutions are likely to hold BTC, Ju said. Ju added that this cycle’s top may come when a South Korean regional bank employee recommends a spot Bitcoin ETF to a grandmother as a savings product.

Bitcoin could face strong selling pressure in the $80,000-$82,000 range, according to a CoinDesk analysis. Citing Glassnode, CoinDesk said about 8% of total BTC supply last moved in that price band, with roughly 5% concentrated at $80,000 alone. Investors who bought BTC in that range may sell once the price returns to break-even, which could cap further gains. The average cost basis for investors in U.S. spot BTC ETFs is also around $80,000-$82,000, CoinDesk said.

BlackRock’s cryptocurrency portfolio grew by more than $15 billion in August as Bitcoin and Ethereum climbed, Finbold reported, citing blockchain analytics platform Arkham Intelligence. The portfolio’s value rose 28.3%, or $15.11 billion, to $68.48 billion as of today from $53.36 billion on Aug. 1. The value of IBIT holdings increased to $60.35 billion from $47.69 billion, while ETHA holdings rose to $8.12 billion from $5.67 billion.

Unstoppable Domains has withdrawn its planned $2 million ICANN application to register 14 domain extensions, including .crypto and .bitcoin, under the standard Domain Name System, CoinDesk reported. The move was driven mainly by review fees of $227,000 per application and weaker demand in the Web3 market. The withdrawn domains will remain usable only on-chain for functions such as transferring crypto wallet addresses, according to the report. They will not support direct access through the address bars of standard web browsers such as Chrome and Safari via DNS.

First-generation blockchain project Lisk, which launched in 2016 with the goal of building a JavaScript-based dApp ecosystem, will stop operating its chain on Oct. 31 after 10 years and shift its business toward enterprise treasury management and payment solutions, Crypto Briefing reported. Any LSK tokens left on the Lisk chain after that date will become permanently inaccessible. Users holding or staking LSK on the existing chain need to bridge their assets to Ethereum through Superbridge or Lisk Bridge. The foundation will burn 100 million LSK, equal to 25% of total supply, reducing the maximum supply to 300 million from 400 million. The token will also be reclassified as a loyalty token providing usage rewards and benefits within the enterprise platform.

South Korean exchange Upbit announced it will temporarily suspend MON deposits and withdrawals starting at 11:00 a.m. UTC on Sept. 2 due to Monad's hard fork.

Solana validators are voting on governance proposals SGP-0002 and SGP-0003 to slow the pace of new SOL issuance and increase the amount of transaction fees burned, BeInCrypto reported, citing analysis from 21Shares. 21Shares estimated the two proposals, if implemented, would reduce SOL issuance by about $1.4 billion to $1.5 billion over the next six years. Under SGP-0002, the annual pace of inflation reduction would double, while SGP-0003 would burn part of transaction fees. If both are adopted, staking yields could also fall to about half their current level within two years.

South Korean exchange Upbit announced on its website it will suspend deposits and withdrawals involving crypto exchange HTX, which has been designated under European Union sanctions, starting today. Upbit said it will also restrict the registration of withdrawal addresses related to HTX to prevent money laundering risks tied to criminal fund inflows and outflows and to protect customer assets. HTX had already been included on a UK sanctions list in May, and measures including withdrawal restrictions were applied at the time.

Securities token platform Bitfinex Securities has raised $50 million through metal producer Alkemya’s nickel-based security token, ALKN, Cointelegraph reported. It marks Bitfinex’s largest fundraising to date. ALKN represents equity in Luxembourg-based Alkemya Metacore, which holds high-purity nickel wire valued at about $1.64 billion.

Binance’s spot trading volume is currently running at about 10% of perpetual futures volume, indicating trading remains heavily concentrated in derivatives, Alphractal founder Joao Wedson said in a CryptoQuant contribution. Wedson said about $10 in perpetual futures is traded for every $1 in spot volume. He added the ratio has stayed mostly low this year, and spot trading did not rise as much as perpetual futures even during periods when Bitcoin (BTC) showed strength. A higher share of spot trading could signal stronger demand for outright asset purchases, while a derivatives-heavy market is more influenced by leverage and positioning. He said the current setup should not in itself be seen as a bearish signal, and whether spot trading’s share increases could become a key sign of changing market demand.

South Korean exchange Bithumb announced it will temporarily suspend withdrawals of ThunderCore (TT) at 4:00 a.m. UTC on Aug. 28 to support the token’s network transition.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel 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 zones may act as support or resistance. - The CVD indicator in the lower panel reflects buy and sell orders by order size, and the line for each color rises as buy orders increase. The yellow line represents orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million, among others.

An attacker is estimated to have artificially inflated the price of MAMO on DeFi lending protocol Moonwell and then used it as collateral to borrow about $10 million in assets, according to CJ_Blockchain on X. CJ_Blockchain said the attacker bought about $7 million worth of MAMO to drive up its price, deposited it on Moonwell as collateral, and borrowed cbBTC, USDC, WETH and wstETH. The attacker then sold the remaining MAMO for about $3.2 million, taking an estimated $3.8 million loss on the MAMO trades themselves, but is estimated to have extracted about $6 million overall when the borrowed assets are included.

Social media mentions of ZEC surged ahead of Grayscale’s spot ETF launch and then quickly fell back, according to on-chain analytics platform Santiment. ZEC rose about 65% from around $509 on Aug. 18 to about $852 on Aug. 23. Social media mentions climbed to 232 on Aug. 22, roughly six times the August average, but dropped back to typical levels on Aug. 25, when ETF trading began.

BitMEX co-founder Arthur Hayes said in a recent Unchained interview that the decision to halt BitMEX operations was not driven by a hack or regulatory pressure, but by a voluntary decision by team members. Hayes said the three co-founders concluded after discussions that the company was no longer profitable and was instead draining resources.

South Korea’s four major cryptocurrency exchanges posted combined losses of about 500 billion won ($361 million) in the first half of this year, The Korea Economic Daily reported. For South Korean exchange Upbit, the losses were largely tied to falling coin prices. The book value of virtual assets held by Dunamu, Upbit’s operator, fell by about 690 billion won ($498 million) to 1.64 trillion won ($1.18 billion) at the end of June from 2.3326 trillion won ($1.69 billion) at the end of last year, resulting in a 687.8 billion won ($497 million) revaluation loss in the first half. South Korean exchange Bithumb posted a net loss of 108.7 billion won ($78 million) in the first half, swinging into the red. Coinone is also estimated to have posted a loss of about 20 billion won ($14 million), while DigitalX, formerly Korbit, is estimated to have recorded a loss of more than 10 billion won.

Blockstream researchers have drafted a Bitcoin Improvement Proposal, or BIP, to introduce 'SHRINCS' as a quantum-resistant signature scheme for approving BTC transactions, The Block reported. SHRINCS is based on SHA-256 and targets a security level of 128 bits against conventional computers and 64 bits against quantum computers, although a mathematical proof establishing that security level has not yet been completed.

South Korean exchange Upbit announced it will move up the delisting of ThunderCore (TT) to 12:00 a.m. UTC on Sept. 1 from 6:00 a.m. UTC on Sept. 14. TT withdrawals will also be suspended starting at 12:00 a.m. UTC on Sept. 1.

The UK Treasury is pushing to add support for stablecoin and digital-currency payments innovation as a secondary objective for the Bank of England, while maintaining financial stability as its top priority, CoinDesk reported. The central bank would be required to report annually to the UK parliament on how it is implementing that innovation objective. Stablecoin issuers would be allowed to hold up to 70% of reserves in short-term UK government bonds, with the remainder managed as central bank deposits.

Real Vision crypto market analyst Jamie Coutts said on X that since the era of excess liquidity in 2020-2021, favoring minor coins over major tokens in the crypto market has been a persistent widowmaker trade. According to a chart Coutts shared, an equal-weighted basket of the top 100 coins has continued to underperform a market-cap-weighted basket since 2021-2022, indicating that relatively smaller-cap minor coins have trailed major coins over a prolonged period.

Swan Bitcoin CEO Cory Klippsten said heavy bond issuance by big tech to fund AI infrastructure investment could end up supporting Bitcoin by adding to the U.S. government’s Treasury funding burden. Klippsten said AI is not the main driver of currently high Treasury yields, arguing fiscal deficits, inflation, economic growth and Federal Reserve policy have had a much larger impact. Still, he said the five hyperscalers, or large-scale data center operators, are set to issue about $220 billion in bonds this year, adding pressure to a market that is already absorbing massive Treasury supply. If the government’s funding costs remain elevated as a result, policymakers may have greater incentive to ease monetary policy or tolerate higher inflation, he said. In that environment, Bitcoin could benefit because its supply is fixed and it has no issuing entity. Klippsten added that the link between AI and BTC lies in the bond market, not in AI agents making BTC payments.

Tron founder Justin Sun said at Hong Kong's Bitcoin Asia 2026 on Aug. 27 that Tron plans to upgrade its network by year-end to withstand quantum-computing attacks, BlockBeats reported. Sun said Tron has spent the past year developing quantum-resistant technology and established a quantum-resistant address system in the first half of this year, applying it to the testnet. He added that Bitcoin, by contrast, is a highly decentralized ecosystem involving multiple stakeholders, including miners, exchanges and WBTC, so reaching agreement on a response could take longer.

According to CoinNess market monitoring, BTC has risen above $80,000. BTC is trading at $80,005 on the Binance USDT market.

A whale that opened a $38.07 million BTC short position with 20x leverage cut the trade after about 60 hours, locking in a $288,000 loss, according to on-chain analyst ai_9684xtpa. The whale has posted 16 consecutive losses since switching to short positions on Aug. 19, with cumulative losses over the past month estimated at about $5.25 million.