Comparative news, according to Coinglass data, CEX has accumulated a net outflow of 2721.19 BTC in the past 7 days, of which CEX ranked in the top two outflows as follows: Bithumb leaks 6058.26 BTC; Kraken leaks 3470.62 BTC. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
Comparative news, according to Blockworks analyst Shaunda Devens, the Hyperliquid testnet has added compliance operation control functions such as whitelisting, forced liquidation, and collateral transfer. Currently, a node called Kraken HIP-3 test DEX is testing these licensing features and has whitelisted 10 wallets. Although the testnet supports unlicensed deployment, combined with Kraken's parent company's recent business expansion trends, the community speculates that Kraken may be the first CEX to test this compliant DEX feature.
Comparing news, ARK Invest Research Director Lorenzoark wrote an article recommending that Hyperliquid acquire the US compliant trading platform Gemini and make it a US regulated HIP-3 and HIP-4 deployment platform. Hyperliquid is engaging with the CFTC and SEC to support US regulated companies to provide perpetual contract transactions and settlements on their public chains. Gemini was listed at a valuation of 3.3 billion US dollars in September 2025, and currently has a market capitalization of about 450 million US dollars, down more than 85% from the IPO. Under pressure from its core business, it has shrunk its operations in the UK, the European Union, and Australia, cut its workforce by about 40% to 402 from its peak, reduced platform assets from $18.2 billion to $8.4 billion, and its spot trading volume fell 66%. Approximately $450 million can obtain Gemini's full US regulatory license portfolio, including NYDFS trust licenses, CFTC-regulated DCM (Gemini Titan), DCO (Gemini Olympus), FCM in progress, and almost all US MTL and broker-dealer licenses. Compared to Kraken's parent company buying Bitnomial for up to $550 million, Gemini's overall market capitalization is lower. After the acquisition, it can inherit operating assets such as approximately 580,000 monthly active trading users, 1.72 million lifetime users, US$8.4 billion in platform assets, US$3.8 billion in quarterly spot volume, and approximately US$180 million in annualized revenue.
Comparing news, the cryptocurrency sector has been picking up for three consecutive days. Bitcoin once surpassed $75,000 this morning and now remains near the $74,500 mark. Following US President Trump's intensive favorable remarks on the cryptocurrency sector this Wednesday, the first meeting of the US Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee was held this Thursday, presided over by CFTC Chairman Michael S. Selig and others. A large number of founders and executives in the cryptocurrency field appeared on the conference list. These include: Coinbase CEO Brian Armstrong; Uniswap Labs CEO Hayden Adams; Polymarket CEO Shayne CoplanRipple CEO Brad Garlinghouse; a16z Crypto Managing Partner Chris Dixon; Co-Founder of Multicoin Capital Tushar Jainkalshi Co-founder Luana Lopes Lara; Chainlink Labs CEO Sergey Nazarov; Gemini CEO Tyler WinklevosSkraken Co-CEO Arjun Sethi; Robinhood CEO Vlad Tenev; Solana Labs CEO Anatoly Yakovenko; Representatives of companies such as Anchorage Digital, Grayscale, OKX, and Consensys. Traditional financial institutions and exchange executives (such as CME Group, Cboe, Nasdaq, ICE, etc.) also attended. The conference focused on topics such as the evolution of crypto regulation, artificial intelligence, and predictive markets. The U.S. CFTC Innovation Advisory Committee (IAC) was formally established on January 12, 2026. On the same day, CFTC Chairman Michael S. Selig announced the launch of the committee and changed its name from the original Technology Advisory Committee (Technology Advisory Committee) to provide advice to the committee on innovative topics such as fintech, crypto assets, and artificial intelligence.
Comparative news, according to The Block, Dave Ripley, co-CEO of Kraken's parent company Payward, said that the company is exploring becoming an “all-purpose bank” outside the US to expand payment, lending, income, and escrow businesses. Payward is also building asset management capabilities and turning its infrastructure into a range of services that banks, brokerage firms, and fintech companies can connect to applications.
Comparatively, according to The Block, Kraken's parent company Payward is exploring applying for an “all-bank” license outside the US to expand from crypto trading to asset management and broader financial infrastructure services. Co-CEO Dave Ripley revealed that trading, banking, and asset management are the three core directions, but no specific jurisdiction was specified. Kraken Financial, which is licensed by the State of Wyoming, has been granted escrow and institutional deposit rights, but it is still unable to carry out fiat loans and FDIC insurance. At the beginning of the year, getting a “slimmed-down” main account with the Federal Reserve Bank was an important breakthrough. Chief Commercial Officer Mark Greenberg said he hopes to provide services such as mortgages in the future.
Comparing news, according to Coindesk quoting sources, Trump held a closed-door meeting with crypto and traditional finance executives on Wednesday afternoon. At the meeting, he was “optimistic” about promoting the “Clarity Act” legislation. Earlier at the press conference, Trump had called for a “fair version” of the bill and said that regulators are working to introduce Hyperliquid to the US. Chainlink co-founder Sergey Nazarov revealed that the conference focused on the obstacles to advancing the bill and seeking support from pending senators. Strategic Bitcoin reserves were also mentioned but there were no details. Executives from Nasdaq, Robinhood, Coinbase, Kraken, and Ripple attended. The Senate is scheduled to hold its first procedural vote on the bill on September 15.
On Twitter, according to monitoring by on-chain analyst Ai Ai (@ai_9684xtpa), Pump.fun's fee address transferred 72,252.69 SOL to Kraken within the past 15 minutes, about US$6.303 million. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
Author: Shenchao TechFlow Original title: BTC's largest single-day short liquidation in history: $1.1 billion of short funds evaporated overnight, but shouting back is too early for every escape from death, requiring empty sacrifices. Bitcoin's intraday volume skyrocketed last night, once approaching the $70,000 mark. While the investment community is full of buoyancy, what you might not know is that last night was the largest single-day short liquidation in crypto history. The network's single-day bears rallied over 1.1 billion US dollars, breaking historical records in a fractured manner. The $1.1 billion bears were tightened overnight, breaking the crypto history record. On the night of August 19, BTC started around $64,000 and rose about 7% in an hour, reaching an intraday high of $69,970, just one step away from the 70,000 mark. This is the highest price since early June and the biggest one-day increase since March. The sharp rise was accompanied by blood washing in the contract market. According to public contract data, the entire network closed out about US$1,345 million in the past 24 hours, involving 105,000 traders, of which short orders were about US$1,191 million, and the long ones were only 153 million. In the most intense hour, the entire network sold out $1,194 million, with bears accounting for 93.5%. By currency type, Bitcoin contract bears were liquidated by about $662 million in 24 hours, while Ethereum bears were about $366 million. Leveraged positions that bet on falling were uprooted almost at the same time. Several whale positions on Hyperliquid totaling nearly $200 million (large highly leveraged companies) have also been completely liquidated. The liquidation itself will speed up the market. A strong bearish position means being forced to buy back up. The higher the price, the more explosive the higher the higher the higher the higher the higher the higher the higher the higher the price, forming a self-reinforcing feedback loop. At the same time, judging from multiple data sources, this is the largest Bitcoin shorting settlement in a single day. The White House summit was only the trigger; the catalyst came from the bond market attributing the surge to the combined benefits of the two. One is the message side. On August 19, Trump met with crypto industry executives such as Coinbase, Kraken's parent company Payward, and Blockchain.com at the White House, and the market's optimism about the shift in regulation heats up. The other one is lower level. On the same day, the US Treasury Department announced a direct doubling of the liquidity support for long-term treasury bond repurchases, raising the upper limit of a single operation from 2 billion US dollars to at least 4 billion US dollars, effective September 9. In the crypto community's view, this is a more tangible sign than the summit: macro liquidity is loosening in the direction of risky assets. The data also confirms institutional buying. U.S. spot Bitcoin ETFs had a net inflow of $297.6 million on Monday and another $189 million on Tuesday; funding rates have risen to a 20-month high. The bulls are crowded, and the bears are even more crowded. Once the price starts, a strong pedal will automatically be relayed. The last big bear liquidation dates back to 5.19, and old chives must remember “5.19” in May 2021: China clearly prohibited financial institutions and payment institutions from carrying out virtual currency-related business. Amidst the panic, Bitcoin hit more than 40,000 US dollars to around 30,000 US dollars in one day, and the entire network closed out about 7 billion US dollars in 24 hours, setting a historical record at the time. The 5.19 collapse liquidated bulls, and about $7.56 billion in long leveraged positions were instantly washed away. However, over the next few days, in the midst of panic, a large number of traders frantically leveraged at the bottom to chase the sky. As a result, there was an extremely violent retaliatory backlash. According to K33 Research quoting Coinglass data, short positions of approximately $757 million in a single day were instantly washed away, making it the largest day for BTC perpetual short settlements in history. And that record was broken just yesterday. After the liquidation of top bears, the market is often polished for a few weeks, and the liquidation of top bears is often a sign that the mid-term phased bottom has been completely consolidated. Positions are cleared after deleveraging, and macro-liquidity is transferred to encryption, and it takes weeks of cold washing and energy in the middle. Will this time be the same? Bitcoin is currently around $69,200, and the 24-hour increase narrowed to 7.6% (as of the morning of August 20). Sentiment indicators are still hesitating: the fear and greed index is 46, which is still in the fear zone; the probability that Bitcoin will reach 70,000 this month on the Polymarket has jumped to about 70% from before the surge. Axel Rudolph, IG's chief technical analyst, observes: Bitcoin is moving towards $70,000, driven by bears' recovery, indicating that buyers are...
According to Twitter news, cybersecurity company Rapid7 revealed a cryptophishing operation called Operation Asterix, which targeted around 885,000 mobile phone numbers in multiple countries and directed victims to fake wallet service websites. 5576 mobile phone numbers have been matched to Binance user accounts and placed in the attack queue. The attackers used fake apps impersonating Ledger, Trezor, and Exodus to steal mnemonics while also using fake customer service emails and phone calls to contact victims. Rapid7 also found that 4,3066 of Germany's more than 316,000 mobile phone numbers matched crypto trading accounts, with a hit rate of around 13.6%. Related attacks also included batch phone number verification tools for Kraken accounts. The investigation found that AI tools were heavily used in phishing operations. Data from blockchain security firm Hacken shows that phishing attacks and social engineering scams caused $306 million in losses in the first quarter of this year, accounting for most of the crypto industry's total loss of $482 million. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)