According to Odaily, Coinglass data shows that in the past 4 hours, $522 million was liquidated across the network, including $350 million in short liquidations and $172 million in long liquidations. In addition, ETH liquidations reached $268 million, while BTC liquidations amounted to $161 million.
Odaily: Bitcoin Suisse said it will gradually consolidate software development and back-office functions into international hubs to accelerate expansion, access a broader talent pool, and invest more effectively in future products. The layoffs will take effect after the consultation period ends on September 20, and the company will also close its IT development site in Copenhagen.
Odaily reports that following the release of today's US CPI data, the whale "Setting 10 Big Targets First" posted on X platform stating that Bitcoin has not fallen below $74,000, and the bullish trend remains unchanged.
"Setting 10 Big Targets First" previously stated: "Next, I'll look for opportunities to re-enter long positions. This trend has come more fiercely than I originally imagined, so the imagination for what's ahead can be bolder too. Getting on board at $80,000 or even above $80,000, I think it's still not too late—there's still room. $100,000 will most likely arrive sooner than I originally expected. Once we hit $100,000, we can reassess just how far this trend can go."
Odaily News: Loracle continues to reduce HYPE short positions, with the remaining position valued at $21 million. The HYPE short position was previously worth as much as $37 million. The remaining position has an unrealized loss of $7.45 million, with an entry price of $53.97 and a current price of $83.18. Loracle's main short positions currently show a combined net unrealized loss of approximately $9.54 million. Specific positions include: shorting SNDK worth $26.05 million, with an entry price of $1,485.67 and a current price of $1,644, an unrealized loss of $2.51 million; shorting Nvidia worth $18.73 million, with an entry price of $225.70 and a current price of $220.29, an unrealized gain of $460,000; shorting PONS worth $18.24 million, with an entry price of $0.67 and a current price of $0.66, an unrealized gain of $220,000; shorting MU worth $10.27 million, with an entry price of $870.69 and a current price of $980.80, an unrealized loss of $1.15 million; shorting CASHCAT worth $6.78 million, with an entry price of $0.21 and a current price of $0.19, an unrealized gain of $750,000; shorting PLTR worth $3.84 million, with an entry price of $173.54 and a current price of $166.84, an unrealized gain of $150,000.
Odaily News: Stablecoin protocol Frgmnt has partnered with digital asset custody and infrastructure company Anchorage Digital to open fUSD and sfUSD infrastructure to institutional clients. Clients can hold, mint, stake, and redeem the related protocol assets within Anchorage Digital's existing custody environment without needing to establish separate custody arrangements.
Frgmnt issues two related assets on Base, with fUSD minted from USDC and deployed to designated onchain lending markets; users can stake fUSD to receive sfUSD and earn rewards generated by the protocol's strategies. Related holdings and performance metrics can be monitored through Frgmnt's analytics tools, Dune, and DefiLlama.
Anchorage Digital operates Anchorage Digital Bank, the first federally chartered crypto bank in the United States, providing custody, staking, trading, and settlement services to institutional clients. Frgmnt stated that protocol deposits will be opened in capped batches, with the next round of deposits planned for September. (Bitcoin.com News)
Odaily reports: According to community information, the whale "Set 10 Major Goals First" saw an X platform user post a plea saying "Help my mother" and directly transferred 70,000 USDT (approximately 500,000 RMB) to help. Notably, after the funds arrived, the person seeking help quickly deleted the receiving address from the comments section.
Community members discovered that this account had previously sent private messages to multiple people soliciting funds and had repeatedly posted help-seeking content such as "Help me," raising questions about the use of the funds and calling for the subsequent disclosure of hospitalization bills, payment records, and treatment arrangements. At present, this incident cannot yet be proven to involve any misuse of funds.
Odaily reports that India's wealthiest state, Maharashtra, is formulating a policy to tokenize state-owned assets, including power transmission infrastructure, on-chain. The proceeds will be used to build new transmission lines and energy storage facilities. MITRA CEO Praveen Pardeshi stated that transmission lines themselves can be partially tokenized, at a ratio of 40% to 50%, with token holders able to share in transmission revenues. The newly raised funds will be used to build more transmission lines and solar energy storage centers.
Maharashtra accounts for approximately 14% of India's nominal GDP and has a population of about 130 million. Pardeshi stated that tokenization does not equal privatization, but rather allows more citizens to participate in the construction of public assets. The state also plans to enact India's first blockchain-based property tokenization law.
Odaily reports that according to Lookonchain monitoring, today U.S. Bitcoin ETFs saw a net outflow of 3,391 BTC, with a 7-day net outflow of 2,921 BTC; Ethereum ETFs saw a net outflow of 17,723 ETH, with a 7-day net outflow of 21,062 ETH.
Odaily News: SpaceX has grand plans for Starship. If all goes according to plan, this 407-foot-tall rocket will one day be used to build an orbital AI data center network and send humans to the Moon and Mars. But first, the company plans to use Starship to send a new, improved money-making machine into space—Starlink satellites.
SpaceX plans to send its first batch of V3 satellites into orbit during a critical Starship test flight mission as early as next week. Getting Starship to operate as envisioned is crucial for SpaceX and its shareholders. The company needs Starship not only to revitalize its own Starlink communications network—which contributed nearly 55% of the company's revenue in the second quarter—but also to launch satellites for a range of commercial purposes. Then perhaps its most lucrative mission: sending a futuristic orbital data center into space, which SpaceX says could help tap into a total addressable AI market worth $26.5 trillion. (Bloomberg)
Odaily reports: Bitcoin News posted on X that a proof of concept developed by @DesobedienteTec has successfully run SeedSigner on the R36S handheld gaming console, turning the device into a stateless Bitcoin transaction signer. The handheld is priced at around $40, does not come with a wireless chip, features two MicroSD card slots, and can emulate Nintendo, SEGA, PSP, and PS1 games.
Odaily News — TD Securities strategists said on Friday that they expect the Federal Reserve to begin the first of three rate hikes in this cycle in September, after previously forecasting that the central bank would hold rates steady for the remainder of 2026.
"We expect a total of three rate hikes in this cycle, with the latter two increases coming in October and January of next year," strategists including Oscar Munoz and Gennadiy Goldberg wrote in a research note published on Friday. "The Fed may not provide forward guidance, but the dot plot should lean hawkish." The revised expectation came after U.S. August CPI released on Friday came in above expectations. The data prompted traders to raise their bets on near-term Fed rate hikes. "After the August CPI showed a lack of progress on inflation, we expect the Fed to begin its rate hike cycle in September," the strategists wrote in the report.
Odaily reports: US regulators announced on Friday that they have published proposed guidance on banks' third-party risk management. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration stated that the proposal is intended to help banks and credit unions "better align and tailor their third-party risk management practices to match the risks of each individual third-party relationship."
Federal Reserve staff said in a memo that the plan comes as banks are increasingly outsourcing certain functions and relying on third-party relationships to improve efficiency and reduce costs. The plan will be open to public comment, is non-binding, and aims to focus institutions' supervision of such risks on a principles-based approach. Federal Reserve Governor Barr opposed the proposal, citing concerns about the "material financial risk" standard.
Odaily reports that community users have discovered that Robinhood previously listed an asset named "INDEX," but the development team appears to have confused it with another token, "Index Cooperative." A comparison of the "Index Cooperative" price charts within the Robinhood app and on CoinGecko reveals that the two trends do not align, while the chart within the Robinhood app perfectly matches the INDEX token's recent all-time high and current price movement.
Odaily News: The Smarter Web Company has announced plans to launch the UK's first Bitcoin-backed preferred shares, subject to shareholder approval. The company expects to raise $20 million to $34 million through a potential IPO, to be used for increasing its Bitcoin holdings and acquiring cash-flow-generating operating businesses.
Odaily: In the past 60 minutes, $255 million worth of short positions have been liquidated in the cryptocurrency market.
Odaily: Bonk Guy posted on X platform that, if a prediction must be made, PONS could ultimately become the first utility token to surpass a $1 billion market cap in this cycle, while USELESS could become the first meme coin to surpass a $1 billion market cap in this cycle.
