Upbit Designates Ravencoin (RVN) as a Cautious Trading Asset.

Bank of Korea Senior Deputy Governor Yoo Sang-dae stated that it is necessary to continue raising interest rates, and the pace of future rate hikes will be adjusted based on changes in data such as economic growth and inflation. Unless major shocks or special factors occur, the likelihood of further interest rate hikes remains high. The Bank of Korea previously raised rates for the first time in three and a half years, signaling that it may continue to tighten monetary policy going forward. He pointed out that current policy formulation needs to focus on growth and inflation prospects, and decide on the subsequent policy path based on exports, consumption, and other economic data. Recently, South Korea’s economy, supported by semiconductor exports driven by the AI industry, has posted stronger-than-expected growth while adding to inflationary pressures.

According to monitoring by Onchain Lens, FalconX has deposited 300 BTC into Coinbase: 200 BTC was transferred six hours ago, and the remaining 100 BTC was deposited just minutes ago, with a total value of approximately $19.18 million.

Citigroup strategists noted that positioning in European and U.S. markets has stabilized over the past week, putting pressure on short sellers, with short positions in the S&P 500 being particularly prominent. The team added that investors in both regions injected new capital last week, rather than merely closing out bearish positions. In the U.S. market, the current rally has led to mounting losses for short sellers; the S&P 500’s massive short positions could face forced covering if the market continues its gradual upward trend.

CryptoQuant analyst Axel Adler Jr. noted in a recent post that the holding status of new BTC buyers is improving. Investors holding BTC for 0 to 3 months are nearly at break-even, while those holding BTC for 3 to 6 months still face deep unrealized losses, with current market pressure concentrated on the latter group. The NUPL (Net Unrealized Profit/Loss) indicator for the 0-3 month BTC holding cohort has rebounded to -0.02, close to the break-even level, and has improved significantly from -0.13 since June. In contrast, the NUPL for the 3-6 month holding cohort remains at -0.14, indicating their average cost basis is still notably higher than the current BTC price. The Realized Cap Drawdown for the 3-6 month holding cohort has also continued to deteriorate, hitting -69.6%—the lowest level in the past 90 days—while the figure for the 0-3 month group is around -64%. This means that although pressure on the most recent buyers is easing, investors who entered earlier still face large unrealized losses. Adler added that the near break-even of the 0-3 month holding group is a positive signal for market improvement, but broader recovery will require the NUPL of the 3-6 month cohort to return above zero, along with a halt in the expansion of their Realized Cap Drawdown and the start of sustained recovery. Currently, the main pressure among "young coins" has shifted from the latest buyers to the 3-6 month holding group.

Per official announcement, Binance will conduct wallet maintenance on the Tron (TRX) network at 14:00 (GMT+8) on August 13, 2026. To facilitate this maintenance, the exchange will suspend Tron (TRX) deposits and withdrawals starting at 13:55 (GMT+8) on the same day. The maintenance is expected to last 1 hour, and deposits and withdrawals will automatically resume once the work is completed.

Intel (INTC.O) announced the upsizing and pricing of its $20 billion common stock offering, stating it will issue 210,526,315 shares at $95 per share. (Jinshi)