Latest Crypto News & Market Updates

Australian regulator takes down Yepbit websites as investors report blocked withdrawals

Quick TakeASIC removed several Yepbit websites after investors reported being unable to withdraw funds from the unlicensed digital assets and futures trading platform.The regulator denied Yepbits claims that it had frozen investor funds, saying the platform lacks an AFSL and AUSTRAC VASP registration.　　The Australian Securities and Investments Commission has joined regulators from other jurisdictions in issuing alerts against Yepbit, saying the digital assets and futures trading platform is operating in Australia without the required financial services authorization.　　In a statement released Wednesday, the regulator said it had removed several websites purportedly operated by Yepbit after receiving reports from investors who said they could not access their funds.　　“ASIC has taken action to protect consumers through its website takedown capability, by removing several websites purportedly operated by Yepbit,” the regulator said. “We have also issued warnings on our Investor Alert List.”　　According to the statement, investors told ASIC that Yepbit had claimed the regulator froze their funds while the platform complied with ASIC audits or regulatory requirements. ASIC said those claims were false and that it had not taken steps to prevent the return of funds held by Yepbit.　　ASIC has previously issued four alerts on Yepbit websites, with the first warning added March 9

3 days agoIndustry

Binance CSO says crypto faces no immediate quantum threat

Binance Chief Security Officer Jimmy Su said current quantum computers cannot break the cryptography protecting major digital assets, including Bitcoin and Ethereum, while warning that the industry needs to prepare before that changes.　　Su addressed the issue in an Aug. 11 Binance post covering five common questions about quantum computing.　　Su said “current quantum computers are nowhere near the scale and reliability needed to break the cryptography protecting digital assets.” He described quantum computing as a long term security concern rather than an immediate threat to users.　　Is quantum computing a real threat to your crypto today？　　Binances CSO answers five key questions on the real timeline, the real risks, and how Binance is preparing.　　Google research lowered the estimated quantum resources needed　　The concern centers on Shors algorithm, which a sufficiently capable quantum computer could use to solve the mathematical problem behind elliptic curve cryptography. In theory, an attacker could derive a private key from an exposed public key and forge transactions. No quantum computer capable of doing that currently exists.　　Google Quantum AI sharpened the debate in March. Its research estimated that breaking a 256 bit elliptic curve could eventually require fewer than 500,000 physical qubits and take minutes under specified hardware assumptions. That represents

3 days agoIndustry

U.S. July CPI Data Released：The crypto market’s five-week “final exam” is finally here.

At 8:30 PM Beijing time tonight, the U.S. July CPI data will be released, and the current range-bound market may finally break out.　　Heres the most likely scenario first:　　Market consensus:Headline CPI YoY: 3.4%Core CPI YoY: 2.5%　　Compared with the previous reading, inflation is steadily cooling — but not enough to trigger a major market shock.　　So what happens to BTC？　　???? If CPI comes in as expected (around 3.4%) — highest probability scenario:BTC may push toward $64,500–$65,000, then likely return to its previous range.　　Whales have accumulated more than $300 million in short positions above $64K — this is not a level to ignore.　　???? If CPI comes in lower than expected (3.3%) — biggest market impact:A September rate hike would be essentially off the table.　　The dollar falls, Treasury yields decline, and BTC could ride the liquidity wave toward $67,000–$68,000.　　???? If CPI comes in higher than expected (3.5%) — worst-case scenario:The “stagflation trade” kicks in, which is the scenario risk assets fear most.　　BTC could retest $62,000 or even $60,000.　　The simple truth:　　Todays market direction is not determined by whether the data is “good” or “bad” — it depends on how far the numbers deviate from expectations.　　For BTC, keep an eye on two key levels:　　???? $64,500???? $62,500　　Break above

3 days agoDeep Dive

Live updates: Bitcoin at $63,600 as Japan's Metaplanet moves 3,881 BTC between wallets

AI earnings lift stock futures as markets brace for July inflation data　　US stock futures rose Wednesday as strong AI earnings lifted sentiment before todays inflation data.　　CoreWeave surged 16% after hours on booming AI-compute demand and Super Micro rallied 7.6% on a revenue forecast that topped the highest estimates, pushing Nasdaq 100 futures up 0.3%. Koreas Kospi jumped 4%, with Samsung and SK Hynix both up about 6%.　　The bigger event lands at 8:30am ET, when July CPI is expected to show headline inflation easing to 3.4% from 3.5%.　　Its the first inflation read since the weak jobs report cut September rate-hike odds to about 36%, and a soft print would firm the case for the Fed to hold.

3 days agoIndustry

Metaplanet moves 3,881 BTC as paper loss nears $1.4B

Metaplanet moved 3,881 Bitcoin worth about $247.3 million from wallets tracked by onchain analysts on Aug. 12, drawing attention to the Japanese companys large corporate treasury as Bitcoin traded near $63,600.　　SummaryLookonchain tracked 3,881 BTC leaving Metaplanet linked wallets, worth roughly $247 million during Wednesday transfers.Metaplanet officially reported 43,000 BTC holdings in July and has not announced any Bitcoin sale.The transferred amount equals about 9% of Metaplanets last officially disclosed 43,000 BTC treasury balance.Bitcoin traded near $63,600, leaving Metaplanets reported acquisition costs deeply underwater on a mark-to-market basis.Hut 8 separately transferred 493 BTC worth about $31 million during the same trading window.　　Lookonchain first reported a 1,473 BTC transfer worth about $93.8 million, then said total outflows over roughly three hours had reached 3,881 BTC in a later post.　　Metaplanet was not the only corporate Bitcoin holder moving funds. Lookonchain also reported that Hut 8 transferred 493 BTC worth about $31.36 million roughly three hours earlier. The analyst did not identify the purpose of Hut 8s transfer, and the company had not announced a related Bitcoin sale.　　Neither transfer establishes that Bitcoin was sold. Metaplanet had not published a disclosure announcing a sale or explaining its wallet movements when checked Wednesday, while Hut 8

3 days agoIndustry

Erebor Bank nears $1.5B raise at $8B pre-money valuation

Crypto friendly Erebor Bank is nearing a roughly $1.5 billion funding round at an $8 billion pre-money valuation, according to people familiar with the discussions cited by the FT.　　The talks come only six months after the Columbus, Ohio lender received final approval to open as a U.S. national bank. Erebor has not announced the financing and declined to comment to the newspaper, meaning the size, valuation and investor commitments remain subject to change.　　Lux Capital, Human Capital, Valor Equity Partners, Andreessen Horowitz and SV Angel are expected to make commitments, while existing investors 8VC and Haun Ventures are also reportedly participating. The $8 billion figure is before the proposed new capital is added. If the full $1.5 billion closes on those terms, the resulting valuation would be about $9.5 billion.　　Erebor Bank deposits have climbed above $4 billion　　Regulatory figures give some support to the growth behind the fundraising talks. Erebors latest call report showed about $4.06 billion in deposits and roughly $4.66 billion in assets at the end of June, compared with around $1.1 billion in deposits at March 31.　　The FT reported that deposits increased further to $4.6 billion by the end of July, citing a person familiar with the figures. That

3 days agoIndustry

Here's what bitcoin and ether traders are doing ahead of the binary U.S. CPI print

The demand for this bullish exposure suggests some investors expect the ongoing choppy price action in BTC to end with a decisive move toward $70,000. Perhaps, they expect the CPI to come in softer-than-expected, lifting risk assets higher.　　Economists currently expect the July report to show headline CPI rising 0.1% month-over-month and 3.4% year-over-year. Core CPI, which strips out food and energy, is forecast to rise 0.2% month-over-month and 2.5% year-over-year, according to consensus estimates from Reuters, Dow Jones, and Bloomberg surveys.　　Other traders are less focused on direction and more interested in a jump in volatility.　　“We reiterate our recommendation to accumulate December optionality, leveraging depressed implied volatility across the curve ahead of several key catalysts, notably updates on bipartisan Clarity Act negotiations, shifts in Middle East geopolitical risks, and potential monetary policy pivots,” quant-driven trading firm TDX Strategies said.　　“Structurally, we favour December strangles on BTC and SOL,” the firm added.　　A strangle involves buying both a call and a put with the same expiration. The position profits if the price makes a large move in either direction. The maximum loss is limited to the combined premium paid and occurs only if the market stays relatively flat.　　Volatility could expand quickly once bitcoin breaks

3 days agoIndustry

Korea Sheds $6.2 Billion in August as Asia Rotates Away From AI

Foreign investors pulled $6.2 billion out of South Korean stocks in August. Taiwan drew $1.7 billion, ending a six week selling streak, Bloomberg-compiled data shows.　　The split points to a broader pattern. Money is rotating out of Koreas chip-heavy KOSPI toward markets seen as steadier bets on artificial intelligence (AI).　　Sponsored　　Sponsored　　A Wider Asian Reshuffle　　The Korea-Taiwan swing is part of a larger regional shift. Foreign investors sold a net $25.48 billion of Asian equities in July. It was the ninth straight month of net outflows.　　Taiwan and South Korea alone lost more than the region‘s entire net outflow in July. Taiwan shed $22.95 billion that month, separate from August’s swing back to inflows. Korea shed $6.26 billion in July, a July total distinct from the $6.2 billion August outflow cited above.　　Inflows into India, Thailand, Indonesia and the Philippines only partly offset those July losses.　　While still up 17% in the past 6 months, the KOSPI has seen a clear spike and drop. Image Source: Trading View　　Sponsored　　Sponsored　　Bloomberg-compiled data also shows analysts raised Taiwan‘s 12-month earnings estimates faster than Korea’s last month. It was the first time in nearly a year that Taiwans revision moved ahead.　　“The unusually high swings in AI-related sectors are making global investors diversify.”　　Herald

3 days agoIndustry

Harmony confirms exploit involving unauthorized minting of 4 billion ONE tokens

Quick TakeLayer 1 blockchain platform Harmony confirmed that it had been exploited.X user Juiceberg reported earlier that an attacker had minted 4 billion ONE tokens without authorization.Harmonys Horizon cross-chain bridge was exploited for nearly $100 million in 2022.　　Layer 1 blockchain platform Harmony confirmed on Wednesday that it had been exploited, following a report of an unauthorized minting of its ONE cryptocurrency.　　Earlier in the day, an X user named Juiceberg reported that an attacker had minted 4 billion ONE (ONE) tokens by using empty blocks. The token price subsequently plunged, while the totalSupply endpoint did not immediately reflect the increase in supply, according to the X user.　　“The attacker has roughly 115M ONE left to sell onchain — about 2.9% of the ~4B they minted,” Juiceberg wrote. “The overwhelming majority (~97%) is already on exchanges and has either been sold or is sitting in deposit wallets ready to sell.”　　ONE token is down 34% in the past 24 hours, trading at around $0.0008. This puts the stolen amount at a current value of roughly $3.2 million.　　Harmony directly addressed Juicebergs post in its X statement, confirming the exploit and saying it is working with its team and relevant exchanges to stop and freeze the

3 days agoIndustry

Under the Deep Bear Market in Crypto: The Exchange Exodus Wave Is Here — Who Will Be Next? An In-Dep

The crypto market continued to cool down in 2026. Under the deep bear market, its not just retail investors getting wiped out — even crypto exchanges have started lining up to “meet their end.”　　According to RootData statistics, more than 100 crypto projects have died in 2026, covering exchanges, Layer 1 blockchains, Layer 2 networks, and DeFi protocols. In just the past month, four well-known exchanges — AscendEX, EXMO, BitMEX, and BitMart — have successively shut down. However, this may only be the beginning.　　2026 Crypto Dead Projects List（Source: RootData）　　This wave of exchange collapses is different from what happened in 2022. Back then, it was an explosion: Luna went to zero within three days, FTX suffered a bank run, and Celsius froze withdrawals — the deaths happened almost instantly. In 2026, however, most platforms are dying from starvation. There are no major hacks, no mass withdrawals, and no law enforcement raids — the business simply stopped making money.　　But “starving to death” is more frightening than “being blown up.” An explosion is a one-time event; if you avoid it, you survive. Starvation is a chronic illness. You have no idea which exchange‘s account balance is already too low to even pay next month’s

3 days agoDeep Dive

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