News linked to both this project and an event.
According to monitoring by Ai Yi, ETH has broken below $2,400, with a whale holding approximately 45,000 ETH in long positions on Hyperliquid currently facing unrealized losses of around $4.1 million. The whale previously added 28,300 ETH to its position on August 31 when ETH dipped below $2,500, bringing its total position value to over $107 million and making it the second-largest ETH position on Hyperliquid. With an entry price of $2,486.37 and a liquidation price of $2,252.68, the position is currently approximately $233.69 away from liquidation.
According to on-chain analytics platform Lookonchain (@lookonchain), an anonymous whale address, 0x6436, repurchased 141,442 $HYPE tokens today, valued at approximately $11.88 million. Previously, the address purchased 243,713 $HYPE tokens on August 30 within a 10-hour span, worth around $20.24 million.
Odaily News, according to reports, U.S. Treasury Secretary Bessent recently urged Japan to raise interest rates to curb the continued depreciation of the yen. Analysts believe this highlights that traditional monetary policy is susceptible to government and external influences. In contrast, Bitcoin's monetary policy is preset by code, with new coin issuance following a fixed schedule and halving approximately every four years, offering greater predictability. In the short term, Bitcoin still finds it difficult to shake off shocks from traditional financial markets. If Japan's rate hike drives a rapid appreciation of the yen, low-interest yen financing trades accumulated over the long term could be unwound, potentially triggering sell-offs in stocks, bonds, and crypto assets. In August 2024, the Bank of Japan's rate hike strengthened the yen and put pressure on risk assets, including Bitcoin. On the technical front, BTC's 50-day moving average has been rising steadily and is close to crossing above the 200-day moving average, potentially forming a "golden cross." Analysts note that moving averages are lagging indicators, and the historical predictive performance of the golden cross as a standalone indicator has been unstable.
Odaily News: Cryptocurrency exchange Binance recorded $15.7 billion in inflows in August, setting a monthly record and capturing more than 75% of all centralized exchange inflows. During the same period, Bitcoin's price surged over 20% to break through $80,000, driving growth in exchange trading volumes.Binance Research noted that the $15.7 billion figure is approximately 8.4 times that of the exchange with the second-largest positive inflows, with Bybit and OKX ranking among the three exchanges with the highest liquidity concentration. Inflows at smaller platforms were more dispersed.Additionally, Binance faces allegations in the European Union of accepting local users without obtaining a license under the Markets in Crypto-Assets Regulation (MiCA). (Bitcoin.com News)
CryptoQuant analyst Axel Adler Jr. stated in a post that the price rebound following a short squeeze increased the profit levels of Bitcoin long-term holders (LTH), driving a substantial rise in their distribution activity. From August 18 to 28, the aggregate 30-day distribution volume by LTHs climbed from 174,500 BTC to 281,900 BTC, a 61.5% increase that marks the highest level since early 2026.
Axel Adler Jr stated on the X platform that from August 18 to 28, the 30-day cumulative distribution volume of Bitcoin long-term holders increased from 174,500 BTC to 281,900 BTC, reaching the highest level since 2026 on August 28. This metric accelerated during the rebound following a short squeeze in Bitcoin. During the same period, the long-term holder MVRV rose from 1.31 on August 18 to 1.64 on August 27, standing at 1.60 on August 31, indicating that the market cap of Bitcoin held by long-term holders is approximately 60% higher than the average realized value.
Odaily News: Bitcoin has once again shown a "kimchi premium" in the South Korean market. On September 1, the price of Bitcoin on Upbit, South Korea's largest cryptocurrency exchange, was approximately 1% higher in Korean won compared to Binance's dollar price. This premium has persisted for one week, marking the longest duration since early May.Bitcoin was priced at around $79,000 in early September, briefly surpassing $80,000 in August. U.S. spot Bitcoin ETFs saw net inflows of approximately $1.92 billion in the week of August 17, the highest single-week total in ten months; an additional $923 million flowed in during the week ending at the end of August.According to Upbit data, Bitcoin traded at a discount to international prices in the South Korean market for most of the summer, reaching a discount of 3.1% in early June and averaging a 0.25% discount in August. 10x Research noted that the premium in South Korea has turned positive, but spot trading volumes have not increased correspondingly. (Bloomberg)
Odaily News: According to on-chain analyst Ai Yi's monitoring, an address bought 11.73 million BONER at $0.00003173 on August 21, when BONER's market cap was only $31,000; currently, the address has an unrealized profit of over $695,000, with BONER's current market cap at approximately $59 million, representing a return rate of over 1,858 times.
According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x008…E295f accumulated 280,000 HYPE between June 11 and August 13 at an average price of approximately $64.5, with a total cost of around $18.06 million. Four hours ago, the address made its first deposit of 88,216 HYPE (approximately $7.23 million) to Coinbase. Selling at this point would yield a return of roughly 27%, resulting in an estimated profit of $1.538 million. The address currently retains approximately 190,000 HYPE that have not yet been moved.
According to on-chain analytics platform Lookonchain (@lookonchain), a wallet linked to Cumberland withdrew 15,390 ETH from Binance on August 31, worth approximately $37.66 million.
Binance announced that due to a hack on BounceBit and the project team's decision to permanently shut down the chain, Binance will stop supporting the BounceBit (BB) mainnet. Binance has suspended deposits and withdrawals of BB on the BounceBit mainnet as of 10:00 (UTC+8) on August 20, 2026, and will reopen deposits and withdrawals via the BNB Smart Chain (BEP20) network starting at 15:00 on September 1, 2026. BB will be migrated from the original mainnet to the BNB Smart Chain at a 1:1 ratio. During the migration, spot, margin, futures, and Earn services will remain unaffected.
Odaily News According to on-chain analyst Ai Yi's monitoring, the top holder on the Monero native network has accumulated profits exceeding $3.15 million in just 23 days by betting on XMR's price increase. The position was opened on August 9, reaching a peak of 34,000 XMR, valued at approximately $16.72 million. Last night, the holder closed half of the position, banking $1.637 million in profits, and currently retains a 4x leveraged position of 16,000 XMR, with unrealized gains exceeding $1.53 million.
Odaily News – After South Korea raised capital thresholds and added trading restrictions, the leveraged trading capital previously concentrated in Samsung Electronics and SK Hynix has contracted notably. However, some market participants worry that the restricted leveraged capital may shift toward index-based or overseas leveraged ETFs, and the effectiveness of the regulatory measures still requires further observation.Looking at specific targets, eight products linked to SK Hynix saw net selling of approximately 1.2415 trillion KRW, while eight products tied to Samsung Electronics recorded net selling of around 531.6 billion KRW.The cooling in trading activity is equally pronounced. The aforementioned 16 products posted an average daily trading volume of roughly 11.6787 trillion KRW from their listing in May through July 30. Since August, this has dropped to about 1.0059 trillion KRW, a decline of more than 90%, now equivalent to only about 8% of the level seen before the regulatory measures were implemented.The regulatory tightening began on July 31. South Korea's financial regulators raised the base margin threshold for single-stock leveraged ETFs from 10 million KRW to 30 million KRW; starting August 19, investors are also required to complete simulated trading before transacting in related products. Regulators plan to further increase the minimum trading unit, targeting an adjustment to 20 shares by November. Before the regulations were introduced, single-stock leveraged ETFs had enjoyed strong popularity among South Korean retail investors. Between May 27 and July 30, individual investors cumulatively net purchased approximately 15.2876 trillion KRW across the aforementioned 16 products, with SK Hynix-related products attracting about 9.9365 trillion KRW and Samsung Electronics-related products drawing around 5.3511 trillion KRW. (Newsis)
Odaily News: The sandwich attack bot operated by JaredfromSubway.eth has extracted a cumulative total of 117,007 ETH since March 2023, worth approximately $295 million at current prices. In June 2026, an anonymous attacker deployed 66 counterfeit token contracts, exploiting the bot's automated trading logic to steal at least $7.5 million in ETH and stablecoins, and funneled the funds into Tornado Cash. The stolen assets have not yet been recovered.Sandwich attacks are a form of Maximal Extractable Value (MEV): the bot monitors large transactions in Ethereum's public mempool, buys ahead of the target transaction, and sells after the transaction pushes the price up, capturing profits from the spread. The bot's primary contract had received a cumulative total of 117,007 ETH as of August 28.MEV-Boost block construction is centralized among a small group of participants, with relay.ultrasound.money, Titan Relay, and bloXroute regulated relays collectively forwarding approximately 85% to 88% of related blocks within a 24-hour window; Titan's builder independently assembled 50.3% of the blocks. Monthly sandwich attack extraction amounts have declined from approximately $10 million in late 2024 to roughly $2.5 million in October 2025. (Bitcoin.com News)
Odaily News Cryptoquant founder and CEO Ki Young Ju stated that the peak of Bitcoin's current bull market cycle may be driven by institutional capital outside the United States and ETF demand. He pointed out that deeper stablecoin liquidity and tokenized asset infrastructure will expand global market participation.Ki Young Ju cited South Korea as an example, noting that the country currently has no spot Bitcoin ETFs, retail investors cannot purchase overseas-listed spot Bitcoin ETFs, and most companies are unable to open trading accounts to buy BTC. South Korea has gradually opened up corporate participation in phases, with the Financial Services Commission (FSC) roadmap covering approximately 3,500 listed companies and qualified professional investors, but financial institutions and other businesses remain excluded.Strategy's Bitcoin bank adoption index evaluated 25 major institutions covering trading, custody, digital asset products, financing, and corporate participation, with an overall adoption rate of 32%. As of August 29, RWA.xyz data shows that the distributed asset value of global tokenized assets is $38.63 billion, up 2.65% from 30 days ago.The Bank for International Settlements (BIS) stated that stablecoins have the potential to enable faster, programmable payments, but current designs may pose financial integrity, liquidity, and monetary risks. Ki Young Ju pointed out that U.S. spot Bitcoin ETFs recorded cumulative net inflows of approximately $57 billion in the first two years since launch, and the next phase will be global institutionalization, with more institutions adopting BTC as a strategic asset, and countries lacking ETFs will also improve relevant investment channels. (Bitcoin.com News)
Odaily News: Arthur Hayes stated that investors should prepare to buy Bitcoin and expects Bitcoin to perform well in the coming years. He believes that if the U.S. continues to expand its money supply, Bitcoin's price could ultimately rise to $250,000.Bitcoin has risen about 20% since mid-August, adding $300 billion to its total market capitalization within hours. Scott Bessent previously pledged to support the bond market, and this week it was noted that the Treasury may tap nearly $1 trillion from the Treasury General Account to fund bond purchases.Gadi Chait, investment manager at Xapo Bank, said Bitcoin rose about 23% last week, marking its largest weekly gain since March 2023. During the same period, U.S. spot Bitcoin ETFs saw net inflows of approximately $1.9 billion, with record short liquidations further fueling the rally. (Forbes Digital Assets)
Odaily News: Bitcoin News posted on X platform that U.S. spot Bitcoin ETFs have recorded net inflows for 8 consecutive days, totaling $2.8 billion. August has become the strongest month for capital inflows since 2026.As Bitcoin and gold rise in tandem, investors are increasingly seeking to hedge against risks including a weakening U.S. dollar, persistent inflation, and the widening U.S. fiscal deficit. Gold funds have also seen record demand.This shift is beginning to reflect in ETF trading. IBIT and GLD have rejoined the list of the top 10 most-traded ETFs, after semiconductor funds dominated for most of the summer.BlackRock noted that another significant source of demand comes from existing Bitcoin holders moving their tokens into ETFs. The company has so far processed approximately $5 billion in deferred-tax Bitcoin transfers into ETFs, and the minimum conversion amount has recently been lowered from $25 million to $1 million."As we continue to expand access, this scale will continue to grow," said Robbie Mitchnick, Head of Digital Assets at BlackRock.Mitchnick pointed out that incidents such as kidnappings, ransomware attacks, and custody failures are driving some Bitcoin holders to shift toward ETF custody.Bitcoin and gold are once again aligning with the core of the same macroeconomic logic, as the currency debasement trade makes a comeback.
According to Arkham, on August 28 at 21:47 (Beijing Time), an address associated with the Grayscale Bitcoin Trust transferred 340.449091 BTC, valued at approximately $26.9186 million, to two addresses including Coinbase Prime Deposit.
According to an official announcement, Websea is celebrating its third anniversary. Marking a new milestone in its development, the platform announced that withdrawal services will resume on August 28, alongside the official launch of a long-term user incentive program. Each month, 15% of the platform's revenue will be allocated to the user incentive pool, establishing a continuous and sustained mechanism to reward users. Simultaneously, the third-anniversary points redemption campaign will also launch.
Odaily News, according to Garrett Jin's monitoring, Garrett Jin stated that Bitcoin is approaching a supply dense zone, with the key range still at $80,000 to $82,500. A large amount of Bitcoin's on-chain cost basis is located in this range, which was formed during the last upward wave before the sell-off, but not all related tokens need to be traded. As of August 26, U.S. spot ETFs have seen capital inflows for 8 consecutive trading days, accumulating approximately $2.8 billion, with August inflows reaching about $3.3 billion, making it the highest-inflow month this year. On-chain data shows that the 7-day moving average of net realized profit/loss is positive, at approximately $752 million, with realized profits nearing $1.1 billion and realized losses at $354 million. Despite supply overhead, spot demand is flowing in. Garrett Jin believes that if Bitcoin continues to close above $82,500, it will indicate that chip turnover is completing and supply has been fully absorbed. On the downside, the key level is $76,600, which is close to the short-term holder cost basis. A single daily close below this level is manageable, but if at least two of the three indicators—ETF fund flows, Coinbase premium, and the 7-day exponential moving average of net realized profit/loss—deteriorate simultaneously, it would constitute a warning. On-chain information shows that Garrett Jin's address added 600 BTC long positions at a price of $79,000 in the early hours of August 26, worth $47.4 million.