BTC flash-crashed on Sunday as an early-holder sold 24K BTC ($2.7 billion), wiping ~$500 million in leverage. Current support sits at $111K to $109K, with resistance at $115K to $116.8K.
BTC ETFs logged a 6-day outflow streak worth $1.2 billion in total while ETH ETFs logged a $238 million weekly outflow. However, ETH saw continued institutional inflows with Bitmine adding $45 million worth of ETH to raise its holdings to $7 billion and the ETH/BTC cross broke 0.04, as the rotation narrative intensifies.
Altcoin futures OI surged +$9.2 billion in one day to a record $61.7 billion, with leverage piling up, raising fragility risk.
The industry's biggest lobbying group backs Custodia Bank's petition arguing the Federal Reserve has no discretion to deny master accounts to eligible state-chartered banks — a question Kraken's own path around the same wall already shows has more than one answer
The regulator dismantled Australia's largest cash-to-Bitcoin network using powers it already had; the AML/CTF bill now before Parliament would let it do the same to the whole sector without waiting for a company to fail first.
Jeong Sang-ho gets the same sentence as Do Kwon, but on a fraction of the alleged victim count — after a court threw out evidence tied to the case's largest fraud allegation
The Aug. 19 gathering lands a day before a CFTC advisory panel takes up the same state-versus-federal jurisdiction fight now playing out in courtrooms in at least a dozen states.
