News & Research

Bitcoin traders are preparing for the $8.8 billion options expiry on Dec. 26, with over $1 billion in contracts activating if BTC hits $200,000, according to Cointelegraph, citing data from crypto analytics platform Laevitas. Despite the bullish skew in open interest—$6.45B in calls vs. $2.36B in puts—traders aren’t expecting a 72% rally. Most are using far-out-of-the-money calls as part of low-risk, leveraged strategies. Meanwhile, $900 million in puts target the $50K–$80K range, showing that downside hedging remains in play.

According to Whale Alert on X, a Cumberland-linked address moved 13,314 ETH (about $51.9 million) to Coinbase Institutional, signaling likely trading activity rather than custody.

Blockchain game developer and investor Animoca Brands and affiliates have acquired a majority stake in Cool Cats Group, joining Coin Operated Group to drive growth, community engagement and new market opportunities for the iconic Cool Cats NFT collection.

A newly generated wallet withdrew 4,000 ETH—valued at $15.65 million—from Binance, likely to stake the funds through Lido, a crypto staking platform, according to OnChain Lens on X.

Bitcoin miner TeraWulf (NASDAQ: WULF) reported Q2 revenue of $47.6 million and mined 485 BTC, down from 699 BTC a year earlier, according to a Globe Newswire press release.

Finn, CEO and founder of the Bags platform, purchased the original knit hat representing the Dogwifhat meme coin for 6.8 BTC (approximately $793,000) on Aug. 8 via Bitcoin Ordinals platform Ordcity, according to JinSe Finance. The hat was made in 2018 by the owner of the Shiba Inu, Achi and is the original item behind the meme coin's visual identity.

Total Bitcoin network fees declined by more than 22% this week, reflecting reduced on-chain activity due to slower price movement, according to Sentora (formerly IntoTheBlock).

PeckShield warned on X that CrediX’s official X account (@CrediX_fi) has been deactivated following a security breach that cost the decentralized lending protocol about $4.5 million.

Hong Kong’s IVD Medical Holdings has purchased $19 million (HK$149 million) of Ethereum (ETH) to underpin its ivd.xyz platform for tokenizing pharmaceutical IP and other healthcare assets, using Ethereum smart contracts for on-chain ownership confirmation and automated revenue distribution through a HashKey Group partnership, CoinDesk reported.

Bitcoin spot and futures volumes have declined since reaching highs on July 16, with spot at $10.22 billion and futures at $60.17 billion, according to Glassnode on X. As of Aug. 7, volumes dropped to $6.61 billion and $41.05 billion but remain above the early July lows of $4.85 billion and $33.82 billion.