Bitcoin rally sends Upbit trading volume up 273% to $1.84 billion

Trading activity on South Korea‘s two largest crypto exchanges has jumped sharply, with Upbit volume rising 273% to about $1.84 billion as Bitcoin’s latest rally pulls local traders back toward digital assets.  SummaryUpbits 24 hour trading volume surged 273% to about $1.84 billion, its highest level since mid March.XRP led trading on both Upbit and Bithumb as activity increased across South Koreas two largest crypto exchanges.Bithumbs daily volume climbed 132.9% to about $934.9 million during the crypto market rebound.Presto Research said Korean investors could send more capital into crypto if the current rally holds.  According to CoinGecko data on Aug. 21, Upbit recorded its highest daily trading volume since mid-March, while XRP accounted for $418.9 million of transactions and ranked ahead of Bitcoin, USDT and Ether on the exchange.  Bithumb recorded a similar increase, with 24-hour volume climbing 132.9% to about $934.9 million. XRP also ranked as the most-traded cryptocurrency on South Koreas second-largest exchange.  The pickup follows months of weaker activity across South Korea‘s crypto market, where investors spent much of 2026 favoring domestic equities as the KOSPI reached record levels. Bitcoin’s latest rebound, however, has begun pulling some of that attention back toward crypto.  Upbit volume rebounds after months of weak Korean crypto

2 دن پہلےانڈسٹری

CZ Wants Countries to Tokenize Assets, But Theres A Catch

Binance founder Changpeng Zhao (CZ) said tokenization could help countries raise money and attract foreign investment, while acknowledging that putting assets on multiple blockchains could fragment liquidity.   His comments come as the tokenization market continues to expand, with the total value of distributed assets now at $38.40 billion.  Sponsored  Sponsored  CZ Pushes For Global Tokenization  Zhao framed tokenization as a funding tool for states. In a Thursday post, he named foreign direct investment (FDI) as one benefit, asking which country or company would not want to sell tokenized stocks globally.  “Tokenization is one of the best ways for countries to ‘raise money,’ or attract FDI (Foreign Direct Investment),” he said.  Zhao advises Pakistan and Kyrgyzstan on digital asset policy. He made a similar pitch to governments in June.  The market he describes keeps expanding. Distributed asset value across tokenized real-world assets reached $38.40 billion, up 2.16% in 30 days, according to RWA.xyz.  Holders grew far faster than value. The count rose 79.74% to 2,379,918. However, the represented asset value declined 4.66% to $342.63 billion.  Follow us on X to get the latest news as it happens  Sponsored  Sponsored  The Fragmentation Problem  CZ said he supports tokenization across all blockchains. He also added that a multi-chain approach can fragment liquidity.  Financial market infrastructure firms have

2 دن پہلےانڈسٹری

Binance Opens the Door to AI Agents That Can Trade Crypto for You

In briefBinance launched Binance Agent OS, a developer platform bundling its APIs, wallet hub, x402 payment layer and a skills marketplace.Once authorized, agents can read market data, check balances and trade across spot, margin, convert and futures.The move joins a crowded race to wire AI agents into crypto.  Binance is letting AI agents trade on its platform, launching a developer system on Wednesday that connects tools like ChatGPT and Claude directly to the exchanges markets, wallets and trading functions.  The worlds largest crypto exchange unveiled Binance Agent OS, a platform bundling its APIs, an agent-focused wallet hub, its x402 payment layer and a skills marketplace under one roof.  Myriad: XRP next price move? Click to make your prediction.  At the center is a new Binance MCP Server, built on the Model Context Protocol, an open standard that gives compatible AI applications a uniform way to plug into external tools without users having to juggle API keys locally. Binance listed Claude, ChatGPT, Codex, and VS Code among the agents that can connect.  Once linked and granted permission, an agent can pull live market data, check balances, and place trades across spot, margin, convert and futures products. Crucially, Binance walled off the riskiest capabilities. Agents operate only

2 دن پہلےانڈسٹری

Crypto generated about 1% of Webulls record $198M Q2 revenue

Webull said Wednesday that cryptocurrency trading accounted for $2.25 million, or a little over 1% of the platforms record $198 million revenue for the second quarter of 2026.  Revenue for the period was up 51% year-over-year, according to online brokerage and digital trading platforms Wednesday earnings release.  Thats as equity and options trading generated $112 million of the quarterly income, or about 56% of the total $198 million.  “For the first time, probably in the last nine months, I am starting to see the clouds start to part in the crypto business, and that is a very positive thing,” Webull president and director Anthony Michael Denier said during a Wednesday earnings call. He added that the company was in the process of gradually rolling out crypto deposit and withdrawal capabilities.  Online brokerage Robinhood also posted record quarterly results on July 30, but its crypto transaction revenue fell 38% to $100 million, from about $160 million a year earlier.  Cointelegraph has approached Webull for more details about its cryptocurrency trading revenue compared to previous quarters.  The platform‘s quarterly revenue came in slightly above Wall Street consensus of $194.5 million, according to analyst estimates compiled by Yahoo Finance. Webull’s stock price rose 8.9% on Wednesday and was up

2 دن پہلےانڈسٹری

Strategy Bitcoin treasury hits breakeven point as BTC price passes $77K

Bitcoin (BTC) hit $77,000 on Friday as business intelligence company Strategys corporate treasury returned to profit.  Key points:Bitcoin reaches its highest level since May 26 as it revisits $77,000.Price returns above the cost basis for Strategys BTC corporate treasury at $75,385.Around 11% of the BTC supply constitutes a new band of support below $68,000.  Strategy out of the red with Bitcoin at highest since May  Data from TradingView showed new local highs above $77,400 prior to the weeks final Wall Street open.  BTC/USD one-day chart. Source: Cointelegraph/TradingView  Now up around 20% in 48 hours, BTC/USD saw little by way of consolidation as it reclaimed a key level for Strategy, the world‘s largest corporate Bitcoin treasury company. Data from monitoring resource BitcoinTreasuries puts the cost basis for Strategy’s holdings of 840,447 BTC at $75,385, currently with a year-to-date gain of approximately $450 million.  Strategy Bitcoin treasury cost basis data. Source: BitcoinTreasuries  As Cointelegraph reported, between Aug. 3 and Aug. 9, Strategy opted to sell a small portion of its treasury worth 1,690 BTC to repurchase 1.15 million shares of its STRC preferred stock for $108.6 million. The move represented the companys fourth Bitcoin sale of 2026.  Concerns over the long-term viability of the companys Bitcoin investment thesis accompanied the

2 دن پہلےانڈسٹری

Hungary scraps crypto trading penalties of up to eight years in prison

Hungary has repealed its mandatory crypto conversion validation system and removed two related criminal offenses that exposed users and service providers to prison terms of up to eight years.  The Hungarian Parliament passed Act XXXVIII of 2026 on the Repeal of Certain Statutory Provisions Concerning Crypto-Asset Conversion Services, removing a national validation requirement that had applied to crypto-to-fiat and crypto-to-crypto conversions.  Approved by Parliament on July 31 and effective from Aug. 7, the legislation removes the validation process and associated criminal penalties after the rules created a separate compliance requirement for crypto businesses operating in Hungary.  Under the previous system, covered crypto conversions had to pass through an authorized validation provider. Transactions completed without the required validation could qualify as unauthorized crypto transactions under Hungarys criminal law.  András Gaál, an associate at law firm Schoenherr, said converting crypto assets without prior validation had constituted an unauthorized crypto transaction under Act C of 2012 on the Criminal Code.  Hungary removes crypto offenses tied to validation  Alongside the validation requirement, Parliament has removed two criminal offenses introduced under the previous framework.  The first offense, called “Abuse of crypto assets,” applied when a person exchanged crypto assets of significant value for money or other crypto assets through an unauthorized crypto-asset

2 دن پہلےانڈسٹری

New Market Order: Who Will Capture the Next Wave of Global Capital? ——WikiBit X Space AMA Highlights

1. Article Background  Global Finance Is Entering a New Era of Restructuring: Who Will Control the Next Gateway to Capital Flows?  For decades, the global financial system has been dominated by traditional financial institutions. Banks, stock exchanges, asset management firms, and regulatory frameworks have collectively formed the core network that facilitates global capital flows.  However, with the rapid development of emerging technologies such as blockchain, stablecoins, Real-World Asset tokenization (RWA), and artificial intelligence (AI), the boundaries between traditional finance and digital finance are undergoing significant changes.  Once viewed as two parallel worlds, Crypto (crypto finance) and TradFi (traditional finance) are gradually shifting from competition toward integration.  On one hand, traditional financial institutions are actively exploring blockchain infrastructure:Real-world assets such as U.S. Treasuries and funds are beginning to be issued on-chain;Stablecoins are becoming increasingly important tools for global payments and settlements;Financial institutions are recognizing the efficiency improvements brought by digital assets.  On the other hand, the crypto industry is also evolving from its early asset trading model toward a more mature financial infrastructure ecosystem:DeFi is exploring new models for financial services;RWA is connecting on-chain assets with the real-world economy;AI is transforming financial decision-making, trading, and asset management processes.  At the same time, the global economic environment is undergoing

2 دن پہلےگہرا غوطہ

USDT trail helps uphold prison term in Hong Kong trafficking case

A Hong Kong appeals court has upheld a 56-month prison term for Ma Zhihao after investigators linked ransom payments from a human trafficking operation to a crypto exchange account registered in his name.  Caixin reported on Aug. 20 that the Hong Kong Court of Appeal rejected Mas request for a reduced sentence, leaving intact the punishment imposed over his role in a scheme that lured victims to Southeast Asia with fake job offers before some were confined and forced into scam operations.  Blockchain transaction records became a key part of the prosecution after Hong Kong police traced a ransom paid by the family of one victim. Investigators found that roughly 9,527 Tether (USDT) had been transferred to a cryptocurrency wallet specified by the criminals.  Police then tracked 8,127 USDT from the ransom to an exchange account opened using Ma‘s real name and Hong Kong identity documents, according to Caixin. The funds were converted into roughly HK$63,000 and sent to Ma’s personal HSBC bank account.  The Court of Appeal said the transaction trail supported the finding that Ma had participated in the scheme and received proceeds from it. Judges also said his punishment would have been substantially heavier had the District Court not been restricted

2 دن پہلےانڈسٹری

Trump Crypto Profits of $1.4 Billion Draw Disapproval From 63% of Americans

Most Americans view President Donald Trumps crypto earnings as improper, according to a Reuters/Ipsos poll in which 63% of respondents called the profits his family drew from digital assets inappropriate.  The same survey found that 69% believe his private business interests shape his presidential decisions. Half of Republican respondents shared that view.  Sponsored  Sponsored  Poll Puts Trumps $1.4 Billion Crypto Income Under Scrutiny  The online survey covered 1,166 US adults between August 14 and August 17. It carried a margin of error of 3 percentage points for all Americans and 5 points for each party group.  About 32% of respondents defended the familys crypto earnings. Among Republicans, roughly 69% described it as appropriate, while 27% did not.  Americans View on Trumps Crypto Profit. Source: Reuters  The sums involved are large. Trump reported more than $1.4 billion last year from family crypto ventures, according to his financial filings. Those ventures included World Liberty Financial (WLFI) and his self-branded meme coin.  Richard Painter, chief ethics lawyer under President George W. Bush, noted that the mix of business and office has no modern parallel.  “We have seen nothing like this before, even the first Trump administration did not have as many complex business interests as the second,” he said.  Follow us on X to

2 دن پہلےانڈسٹری

Justin Sun scores partial win in World Liberty lawsuit

Tron founder Justin Sun secured a partial procedural victory in his lawsuit against World Liberty Financial on Aug. 20, according to his account of a California federal court hearing.  Sun said U.S. District Judge James Donato ruled that his individual claims would remain in public court. The judge reportedly declined World Libertys request to send every company related claim to arbitration.  The court instead instructed both parties to negotiate which claims brought by Justin Suns companies should remain in court. Other claims could still move into private arbitration.  Court records confirm that World Liberty filed a motion in June seeking to compel arbitration and pause the federal case. The publicly accessible docket had not displayed a written order reflecting the Aug. 20 hearing when reviewed.  Justin Suns individual claims will remain public  “All of my individual claims will remain in open court,” Sun said in a statement following the hearing. He described the decision as a victory for public access to the dispute.  Today, my counsel appeared in California federal court to oppose World Liberty Financials @worldlibertyfi efforts to force our dispute into secret arbitration proceedings and seal documents from public view.  We argued forcefully that this case belongs in open court—and the…  — H.E. Justin Sun ????‍????

2 دن پہلےانڈسٹری
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