crypto

CryptoQuant analyst Darkfost stated on the X platform that the inflow of XRP whale funds on the Binance platform has recently seen a significant decline, dropping to the lowest level since 2021 based on a 3-month average.Data shows that the current inflow of XRP whales to Binance is approximately $61 million, a substantial decrease compared to previous levels. In contrast, this metric reached $456 million in January 2025 and $355 million in October 2025, with the current level being about 6 to 8 times lower than before.Although XRP has been struggling to maintain the critical $1 price level recently, the inflow behavior of whale funds that previously preferred to conduct large transactions through Binance is decreasing. However, the net inflow of XRP remains positive at around $18.8 million, indicating that inflow funds still temporarily dominate.Darkfost pointed out that this trend is similar across the entire crypto market, with overall trading volume and fund inflows declining, which may reflect that selling pressure is easing, but new demand in the market has not yet shown a significant rebound. The cooling of whale trading activity is a positive signal for XRP, but it is still insufficient to confirm that the market has reversed, and it is too early to determine if XRP is starting a new upward trend.

According to Crypto.News, the investigation that was previously suspended due to large gifts related to cryptocurrency has resumed after Nigel Farage, leader of the Reform Party in the UK, was re-elected as the MP for the Clacton constituency. The parliamentary commissioner is investigating whether he failed to register financial interests as required, focusing on a personal grant of approximately £5 million (about $6.7 million) from billionaire investor and Tether-related shareholder Christopher Harborne; as well as benefits such as staff, security, transportation, and accommodation provided by long-time advisor George Cottrell, who was previously sentenced for a money laundering-related case in the U.S.Nigel Farage's resignation during his term led to the suspension of the investigation, and he insists that he did not violate any rules, claiming that the money was an unconditional personal gift, part of which was used for security expenses. His by-election victory has allowed him to become an MP again, and the investigation has therefore continued.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 35, an increase of 5 points from yesterday. The average over the past 7 days is 30, and the average over the past 30 days is 28.

The Arizona Attorney General Kris Mayes' office assisted 35 cryptocurrency ATM scam victims in obtaining full refunds totaling $171,332. The related funds stemmed from scam-induced transactions, and the refunds covered all fees.According to Arizona law, only new customers who have been dissatisfied with an ATM operator for less than 10 days are eligible for a mandatory full refund. Victims must contact the operator and law enforcement or the Attorney General's office within 30 days of the transaction date and submit an official report confirming the scam. FBI data shows that in 2025, there were 460 complaints related to cryptocurrency kiosks in Arizona, with adjusted losses of $14.53 million; nationwide, there were 13,460 related complaints, with adjusted losses exceeding $388.98 million, of which individuals aged 50 and above lost over $302 million.

According to Onchain Lens monitoring, Jump Crypto deposited 286.83 bitcoins (worth about 18.01 million USD) to Binance two hours ago, likely for selling.This week, Jump Crypto has deposited 1560 bitcoins (worth about 99.2 million USD) to Binance. Its remaining holdings are 1410 bitcoins (worth about 88.58 million USD).

The head of Robinhood's crypto department, Johann Kerbrat, recently accepted an interview on threadguy's podcast.In the interview, Kerbrat stated: "Compared to other blockchains, one of our key differences is that we only launched the chain, not a token. For us, the blockchain is a pure technology, the infrastructure that supports all our new businesses. We do not need to constantly adjust our strategic priorities to maintain the rise or stability of token prices. This avoids significant disruptions and is a huge advantage for us."

According to Bloomberg, U.S. President Trump is expected to attend a White House meeting next Wednesday, which will bring together senior executives from cryptocurrency companies and prediction market platforms. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig and Securities and Exchange Commission (SEC) Chairman Paul Atkins have also confirmed their attendance at this meeting.

The French Minister of Finance confirmed that hackers breached the French Public Finance Directorate system at the end of June and stole personal and corporate taxpayer data. According to the platform FrenchBreaches, which tracks cyberattacks in France, this incident affected approximately 678,437 people, equivalent to about 1% of the French population, but the exact number is still under investigation and has not been finally confirmed.The leaked data reportedly includes sensitive information such as names, birth dates, home addresses, phone numbers, email addresses, tax identification information, and income data. Among them, nearly 27,000 individuals had tax incomes of at least 100,000 euros, 386 exceeded 1 million euros, and another 8 exceeded 10 million euros. Reports indicate that the database has been sold on the dark web market for thousands of euros. The attackers, calling themselves ZeroBytes, claimed they extracted the relevant records using an internal search tool, which was only discovered later when access was cut off.This incident has raised concerns in the cryptocurrency industry, as there has been a noticeable increase in "wrench attack" violent robbery incidents targeting cryptocurrency holders in France in recent years. If high-income individuals' addresses and contact information are leaked, it could provide criminals with a more precise target list.

The UK's Parliamentary Commissioner for Standards has resumed the investigation into Reform Party leader Nigel Farage's acceptance of donations from the cryptocurrency industry, involving an amount of 6.7 million dollars.

According to Decrypt, the Irish government has released its first national anti-money laundering (AML) strategy, which plans to strengthen the review of digital asset transfers involving self-hosted wallets and increase due diligence requirements for crypto companies when cooperating with overseas institutions.According to the announcement from the Irish Department of Finance, this strategy implements the remaining requirements of the EU's Transfer of Funds Regulation, which will require crypto asset service providers (CASP) to perform "enhanced checks" on transfers involving private wallets, while implementing stricter customer due diligence when conducting business with overseas crypto companies.The related measures are based on the Financial Action Task Force (FATF) Travel Rule, which requires the inclusion of sender and receiver information in digital asset transactions to enhance the transparency of fund flows. Ireland stated that the new regulations will be advanced in parallel with the EU's Markets in Crypto-Assets Regulation (MiCA).MiCA establishes a unified regulatory framework for crypto asset service providers, while Ireland previously granted a 12-month transition period for its domestic crypto companies, which is shorter than the maximum 18 months allowed by the EU. The transition period is set to end at the end of December 2025, so the new requirements will directly apply to companies that have obtained formal authorization.

Binance announced that, in response to recent regulatory changes, to continuously comply with relevant regulations and ensure the safety of user assets, Binance will no longer process transactions involving certain cryptocurrency service providers/platforms starting from the following dates: effective August 7, including Shelbit, Aban Tether Exchange; effective August 13, including A7 Nigeria, A7 Africa, PilotFinance; effective August 23, including Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode, Exnode Pay, HTX (Huobi Global SA), EXMO, and other platforms.Binance reminds users to avoid transferring or receiving assets directly or indirectly to the above entities, or engaging in other transactions with them, as related transactions may require additional compliance review, during which wallets may be restricted, and related activities may also involve violations of Binance's Terms of Use.A spokesperson for Huobi HTX responded that Huobi HTX has always strictly complied with the relevant laws and regulations of its operating location. Regarding recent sanctions related to the EU and the UK, the platform is actively communicating and has made good progress.The spokesperson for Huobi HTX also stated that Huobi HTX is currently not operating in the EU region and does not have EU region customers, so users need not worry excessively. The platform will continue to prioritize compliance and actively and responsibly advance related matters, and also appreciates the community's understanding and support.

According to CNA, the Singapore Police Force (SPF) and the Cyber Security Agency of Singapore (CSA) reported that a cryptocurrency scam involving fake job postings and compromised software systems resulted in losses of $11.8 million.The scam group impersonated cryptocurrency company recruiters on LinkedIn, used forged domain names to send emails, conducted video interviews, and induced victims to download malware on company devices to complete "technical tests," thereby stealing session tokens, bypassing multi-factor authentication, and ultimately transferring cryptocurrency.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 30, an increase of 0 points from yesterday. The average over the past 7 days is 29, and the average over the past 30 days is 28.

According to SoSoValue data, the cryptocurrency market sector showed mixed results, with the DeFi sector performing prominently, rising by 1.04%. Among them, Hyperliquid (HYPE) rose by 1.74%, and Chainlink (LINK) rose by 2.42%. The Meme sector increased by 0.7% in 24 hours, with Fartcoin (FARTCOIN) rising by 9.04% and Pump.fun (PUMP) rising by 8.76%.In other sectors, the PayFi sector rose by 0.4%, with eCash (XEC) increasing by 1.56%. The Layer1 sector rose by 0.2%, with Cosmos Hub (ATOM) increasing by 8.71%. Additionally, the CeFi sector fell by 0.07%, but Cronos (CRO) remained relatively strong, rising by 1.07%. The Layer2 sector decreased by 0.97%, while Optimism (OP) rose by 4.11%. The cryptocurrency sector index reflecting historical market trends shows that the ssiAI, ssiDeFi, and ssiMeme indices rose by 1.93%, 1.29%, and 1.28%, respectively.

On the evening of August 14, the U.S. Securities and Exchange Commission (SEC) announced that the "Regulation Crypto" rule proposal meeting originally scheduled for August 15 was canceled due to "unforeseen scheduling issues," and a new meeting date has not yet been announced. This rule is seen as the SEC's first significant rule-making attempt in the digital asset space, expected to provide a limited exemption framework for crypto securities issuance, allowing issuers to advance projects without triggering full registration requirements, and potentially allowing for a gradual exit from SEC oversight in later stages.SEC Chairman Paul Atkins had previously identified this rule-making as one of the core components of the digital asset regulatory agenda. The industry had also anticipated that the SEC would simultaneously advance the "tokenized securities innovation exemption," but this matter is also facing delays. Meanwhile, the legislative process for the Senate's "Digital Asset Market Clarity Act" remains unresolved, with negotiations between both parties and the White House yet to reach a consensus on crossing the 60-vote threshold. The two regulatory paths for the crypto industry, administrative rule-making and legislative advancement, are currently at a standstill.

The U.S. Commodity Futures Trading Commission (CFTC) has announced the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The committee will hold its first meeting on August 20, focusing on regulatory issues in emerging areas such as crypto assets, artificial intelligence, and prediction markets.CFTC Chairman Michael S. Selig stated that the U.S. has long been a global center for financial innovation and hopes to explore how emerging technologies and financial products can drive market development through discussions with innovative entrepreneurs, researchers, and industry builders, and to jointly explore the "new frontiers of finance." The meeting will be live-streamed on the CFTC official website. Committee members and attendees will discuss topics such as the regulatory framework for digital assets, the impact of AI technology on financial markets, and the development of prediction markets. The public can submit relevant opinions by August 27, and these opinions will be publicly released through the U.S. Federal Regulations website Regulations.gov. The CFTC indicated that the meeting agenda may be adjusted based on the committee's subsequent focus.The Innovation Advisory Committee aims to provide the CFTC with recommendations on emerging technologies, financial products, and trends in market innovation, covering important areas such as digital assets and artificial intelligence that may influence the structure of future financial markets.

Justin Drake posted on the X platform that Ethereum L1 will no longer use the SNARK-friendly hash function Poseidon, which has dominated since 2019, and will instead turn to traditional hash functions such as SHA2 or BLAKE2s.This adjustment is based on advancements in the field of SNARK design, shifting the focus from "SNARK-friendly hashing" to "hash-friendly SNARK." By aligning Boolean operations in traditional hashing with binary field native, the proof performance of traditional hashing in SNARK has reached 1 million per second, with an overhead of about 100 times.Research from Binius and Flock has driven relevant progress. The Ethereum Foundation's post-quantum team is advancing this route, with a roadmap that includes deploying production-level leanVM in 2027, and deploying in the consensus layer, execution layer, and data processing layer in 2028.Justin Drake also stated that the enhanced capabilities of AI in cryptanalysis have recently led to setbacks for the lattice-based scheme HAWK and the homomorphic scheme SQIsign, with hash-based schemes being used for post-quantum signatures on the blockchain. The trend of open-source automated research is also accelerating, with SNARK.fast achieving 1.8 million BLAKE3 proofs per second.

According to CoinDesk, financial services company Swissquote Group has lowered its full-year revenue and profit expectations after a 66.2% decline in net cryptocurrency income in the first half of the year.In the first half of the year, the company's cryptocurrency trading volume fell by 63.5% to 2.58 billion Swiss francs, approximately 3.2 billion US dollars. After the announcement, Swissquote Group's stock price dropped by 14%.