BTC $78,416.88 -0.63%
ETH $2,472.28 +0.46%
BNB $699.99 +0.24%
XRP $1.39 -5.74%
SOL $96.81 -1.11%
TRX $0.3353 -0.98%
DOGE $0.0853 -3.20%
ADA $0.2055 -3.85%
BCH $262.81 -1.76%
LINK $11.33 -1.41%
HYPE $81.15 -0.98%
AAVE $124.02 -2.95%
SUI $0.7403 -4.73%
XLM $0.1805 -4.56%
ZEC $782.68 +0.15%
BTC $78,416.88 -0.63%
ETH $2,472.28 +0.46%
BNB $699.99 +0.24%
XRP $1.39 -5.74%
SOL $96.81 -1.11%
TRX $0.3353 -0.98%
DOGE $0.0853 -3.20%
ADA $0.2055 -3.85%
BCH $262.81 -1.76%
LINK $11.33 -1.41%
HYPE $81.15 -0.98%
AAVE $124.02 -2.95%
SUI $0.7403 -4.73%
XLM $0.1805 -4.56%
ZEC $782.68 +0.15%

for

All
Article
Flash

first_img The British judge rejected the extradition defense of the former CEO of Saitama, and the case has been transferred to the UK government

According to a report by Reuters, British judge Samuel Goozee dismissed the extradition defense of former Saitama CEO Manpreet Kohli on August 19 and transferred the case to the UK government to make a decision on the US extradition request. Kohli can still appeal, and the extradition has not been finalized; he is currently released on bail set at £200,000 (approximately $272,400).US prosecutors have charged Kohli with wire fraud, market manipulation, and related conspiracy, as well as operating an unlicensed remittance business, involving the Ethereum-based token Saitama, which once had a market value of about $7.5 billion. Kohli defended himself by arguing that the US could not adequately handle his mental health and the risk of suicide during detention, but the judge believed that the transfer and the safeguards of the US prison system could reduce the risk to an acceptable level. Previously, a federal judge in Boston had also dismissed his motion to dismiss the charges.The case stems from the "Operation Token Mirrors" investigation initiated by the US Department of Justice in October 2024, involving fraud and wash trading. Prosecutors allege that 18 individuals, including Kohli, coordinated multiple wallets to purchase tokens and paid ZM Quant and Gotbit to conduct wash trading on several exchanges, with Kohli suspected of profiting about $20 million. Gotbit has admitted to manipulating token prices and trading volumes and was ordered to pay $23 million in June 2025, while its founder Aleksei Andriunin was sentenced to 8 months in prison.

Data: NVDA contracts had a trading volume of approximately 232 million USD in 24 hours, with Binance, Hyperliquid, and OKX accounting for about 88.3% of the trading volume

According to RootData market data, the price of Nvidia (NVDA) contracts on 10 platforms is concentrated between $213.6 and $213.9, with a 24-hour increase ranging from 0.96% to 1.24%. The total 24-hour trading volume is approximately $232 million, with an open interest value of about $184 million.Among them, Binance has a trading volume of about $123 million, accounting for approximately 52.9% of the total trading volume, with an open interest of about $41.5375 million; Hyperliquid has a trading volume of about $59.3152 million, with an open interest of about $97.9711 million, accounting for about 53.2% of the total platform open interest, making it the market with the largest position. The disclosed platforms have a total liquidity depth of ±2% of approximately $12.6731 million, with Hyperliquid at about $4.432 million and Binance at about $3.4173 million.In terms of market concentration, Binance, Hyperliquid, and OKX contribute approximately 88.3% of the trading volume; Hyperliquid and Binance together account for about 75.8% of the open interest. Currently, the funding rates across platforms are generally low, and there has not yet been a significant extreme bullish premium.Previous report indicates that Nvidia will announce its second-quarter financial report after the U.S. stock market closes on Wednesday, with the market's focus mainly on five aspects: AI infrastructure financing, progress on Vera Rubin servers, open model layout, sales in China, and gross margin pressure.

Viewpoint: The Bessen effect makes it difficult for Bitcoin to return to a true bull market; the main reason for the price increase is short covering

Bloomberg reporter Emily Nicolle stated that Bitcoin recently rose 23% in a single week, marking the largest weekly increase in over three years and ending a period of stagnation since summer. U.S. Treasury Secretary Janet Yellen proposed expanding the scale of long-term Treasury bond repurchases, prompting market concerns about U.S. debt and dollar depreciation, which drove funds toward alternative assets like Bitcoin. However, after Bitcoin surpassed $80,000, it has stabilized again, and this catalyst alone is insufficient to bring the market back to a true bull market state.Nicolle pointed out that the narrative of Bitcoin as a hedge against the dollar and inflation still lacks sustainability. After Trump reiterated threats of tariffs against China last October, Bitcoin fell over 12% within 24 hours, while gold reached an all-time high during the same period. Since 2026, gold has cumulatively risen over 7%, while Bitcoin, even accounting for the recent rebound, has still fallen nearly 10%. She believes that the simultaneous rise of gold and Bitcoin last week does not prove that both have the same safe-haven properties, as much of the current crypto market rally is driven by short sellers being forced to cover their positions. Strategy Chairman Michael Saylor called on traders to continue buying Bitcoin during the rise, but his company did not increase its holdings accordingly.In addition, the CLARITY cryptocurrency market structure bill remains stalled due to disagreements over ethical provisions, with the Senate expected to reconsider it by mid-September, leaving limited time before the midterm elections in November. Bitcoin has yet to establish a stable and convincing value narrative, and in daily payments, users still prefer to use stablecoins or cash.

Zhao Changpeng: If Hyperliquid enters the United States or opens up market space for more decentralized products, it will be a significant boost for the entire cryptocurrency industry

At the 2026 Wyoming Blockchain Conference, Zhao Changpeng stated that Trump mentioned Hyperliquid and that Mike Selig, the chairman of the Commodity Futures Trading Commission (CFTC), will seek a path for the platform to enter the U.S. market.Zhao Changpeng believes that if this progress can be realized, it will be a significant boon for the entire cryptocurrency industry. Zhao stated that the outside world tends to view him as a supporter of centralized trading platforms due to his holdings in Binance, but the fundamental reason he entered the cryptocurrency industry is his belief in decentralization.He pointed out that some users choose Hyperliquid because the platform can be used through wallets without the need for traditional accounts and KYC processes; if Hyperliquid can operate in the U.S. in a compliant manner, it will open up space for perpetual contracts and more decentralized services to enter the U.S. market.He believes this is not only related to Hyperliquid itself. "Hyperliquid is just the tip of the iceberg; once this tip enters, other projects can follow suit." Related developments will benefit more decentralized products and their portfolio companies, and will also bring more liquidity to international centralized trading platforms, allowing U.S. users to obtain more competitive prices when buying and selling crypto assets.Zhao Changpeng stated that the current cryptocurrency market is far from saturated, so competition between platforms is not the main issue. Hyperliquid's entry into the U.S. will not only benefit itself but will also expand the market size of the entire industry, "what is beneficial for them will also be beneficial for us."

first_img After a 23% increase over the past 7 days, Bitcoin has fallen back to $79,000, with strong demand for spot ETFs remaining

The price of Bitcoin has retreated after a cumulative increase of 23% over the past 7 days, currently maintaining around $79,000, with a drop of about 1.2% in the past 24 hours. The broader CoinDesk 20 index has fallen by 2.1% in the past 24 hours. The Crypto Fear & Greed Index from Alternative.me has risen from 27 to 74 in less than two weeks, followed by a slight retreat.However, underlying demand remains strong. According to SoSoValue data, the U.S.-listed spot Bitcoin ETF recorded a net inflow of $314 million on Tuesday, marking the seventh consecutive day of net inflows, bringing the cumulative net inflow for August to over $3 billion. Mercado Bitcoin research analyst Pedro Fontes views $82,000 and $85,000 as the next resistance levels and believes that some consolidation after such a vertical rise is natural.In terms of derivatives data, the taker long-short trading volume ratio has turned bearish, with shorts accounting for 51.64% of the 24-hour volume; Bitcoin futures open interest has dropped below 700,000 BTC, and the spot price has retreated to $78,500. The combination of these factors indicates that traders are closing positions rather than aggressively adding shorts. Traders on Deribit are chasing call options with strike prices ranging from $82,000 to $100,000. SUI futures open interest has reached a historical high of 838 million contracts, but its spot price has fallen over 5% in the past 24 hours, indicating that short positions are accumulating.
app_icon
ChainCatcher Building the Web3 world with innovations.