Binance will stop supporting the BounceBit (BB) mainnet
Foresight News message: After the BounceBit hack incident, the project team has decided to permanently stop the chain’s operation. Therefore, Binance will stop supporting the BounceBit (BB) mainnet and will enable deposits and withdrawals of BounceBit (BB) via the BNB Smart Chain (BEP20) network. Binance will open deposits and withdrawals of the BB token on the BNB Smart Chain (BEP20) network at 15:00 on September 1.
Wintermute's short positions on Hyperliquid return to profitability, with an unrealized gain of $1.73 million
Foresight News reported that according to Onchain Lens monitoring, Wintermute's heavily short positions on Hyperliquid have returned to profitability. It currently holds a short position of about $149.2 million and a long position of about $5.01 million, with an unrealized gain of $1.73 million. Among them, the ETH short position is about $58.36 million, the SOL short position is about $26.11 million, and the BTC short position is about $19.16 million.
Derivatives begin driving spot in reverse: South Korea’s asset pricing power is flowing out
In August, the crypto perpetual market totaled 1.66 quadrillion, nearly four times the combined volume of South Korea’s top five exchanges. By: Tiger Research Compiled by: AididiaoJP, Foresight News Crypto exchanges are using perpetual contracts to move into traditional assets such as stocks and commodities. For perpetual contracts linked to Korean stocks, trading volumes have already reached 3.07 quadrillion KRW within months. This report outlines the rise of offshore liquidity and what conditions South Korea would need to meet to participate in this market. Key takeaway Crypto exchanges are using perpetual contracts to quickly move into traditional assets such as stocks and commodities. Perpetual contracts linked to Korean stocks saw trading volumes of about 3.07 quadrillion KRW within months, highlighting the growing importance of the offshore market.
Five charts to understand how Argentina uses stablecoins
Argentina’s current economic crisis is easing, while stablecoins have evolved into a daily-use habit. Written by: aflores、Ryan Holloway Compiled by: Luffy, Foresight News Where in the world are people using cryptocurrencies? And how are they using them? Let’s start with Argentina. In this country, one-fifth of the population uses cryptocurrencies—making it one of the Latin American countries with the highest crypto adoption rates. One-fifth of Argentina’s population uses cryptocurrencies. Data source: Chainalysis 2025 report All of this happened very quickly. In 2024, the download volume of 15 mainstream crypto apps in Argentina nearly doubled compared with the previous year.
Metaplanet transfers 1,600 BTC to two new addresses, worth about $124 million
Foresight News report: According to Onchain Lens monitoring, Metaplanet transferred 1,600 BTC (about $124 million) to two newly created wallet addresses.
Korea's National Tax Service plans to introduce on-chain tracking tools to fill the tax gap for individual wallets
According to a Foresight News report citing Digital Asset, in a reply to lawmaker Kim Sang-hoon, the Korea National Tax Service stated that it will introduce commercial digital asset tracking and analysis software used by domestic and overseas investigative agencies (including the prosecution, police, and the U.S. Internal Revenue Service, etc.) to reduce the tax gaps caused by the inability to fully capture individual wallet transactions. Korea's digital asset income tax plan will subject trading to taxation starting January 2027, with filings to be made in May 2028. Regarding overseas exchanges, Korea plans to obtain the missing information through the Crypto Asset Automatic Information Exchange Framework (CARF).
SlowMist: Balancer liquidity pool exploited, with losses of about $234,000
Foresight News reports that, according to SlowMist monitoring, the Balancer V1 liquidity pool was exploited, resulting in a loss of approximately $234,000. There is a precision issue in BPool's joinswapPoolAmountOut: after the attacker pushed the WBTC reserve down to an extremely low level, they minted a large amount of BPT with about 1 satoshi worth of WBTC, and then withdrew proportionally to extract assets including DPI, USDC, WETH, and WBTC.
Fireblocks Custody transferred 30 million USD1 tokens to Binance within the past 15 hours
Foresight News reports that, according to Onchain Lens monitoring, Fireblocks Custody transferred 30 million USD1 tokens to Binance within the past 15 hours.
Metaplanet Deposited 2,400 BTC to Coinbase Prime in the Past 3 Hours, Worth About $186 Million
Foresight News reports that, according to Lookonchain monitoring, Metaplanet deposited 2,400 BTC (about $186 million) to Coinbase Prime within the past 3 hours. Previously, the company purchased 43,000 BTC (about $3.48 billion) at an average price of $96,191 per BTC.
Alipay Chairman: Cryptocurrency as a payment medium has become one of the exploration paths for AI payments
Foresight News reports a message: according to Caixin, at the China Payment and Clearing Forum, Han Xinyi, CEO of Ant Group and Chairman of the board of directors of Alipay, provided systematic insights on the global exploration path for AI payments. He stated that AI payments have basically formed four exploration paths: payment technology and infrastructure platforms represented by Stripe; crypto enterprises represented by Circle and Coinbase, which mainly rely on stablecoins and their wallet systems, using cryptocurrencies as the payment medium to directly support automated payment scenarios between machines; traditional payment networks represented by the two major card organizations (Visa and Mastercard); and AI platform-type enterprises such as Google and OpenAI.
Saylor sounds the battle cry, but this time he actually has ammunition
After 10 consecutive weeks of purchase suspension, three major financial constraints have been lifted, and Strategy is expected to restart buying Bitcoin. By Lockridge Okoth Compiled by: Saoirse, Foresight News Michael Saylor says Strategy is making a strong comeback. Before this dynamic post of only two words, Strategy had gone a full 10 weeks without buying any Bitcoin (BTC). There have been three quiet changes on the company’s financial front. It’s these points that make traders view this development as a signal to act, not just a simple slogan. Strategy’s debt is no longer an obstacle to buying Bitcoin Strategy holds about $6.69 billion in cash while also carrying about $6.71 billion in convertible note debt. The company says its current net leverage ratio is just 0.1%.
Sberbank Deputy Chairman: After the opening of compliant crypto trading, the first-year market size may reach about US$46.4 billion
Foresight News reports that, according to TASS, Anatoly Popov, Deputy Chairman of the Board of Directors of Sberbank (Russia), said that the relevant regulations of the Bank of Russia will take effect on September 1. Investors will be able to legally buy crypto assets through licensed brokers. For non-accredited investors, after passing a risk assessment, the annual purchase limit is 300,000 rubles (about US$3,800); for accredited investors, the limit is 3,000,000 rubles (about US$38,000). The bank expects that, in the first year after regulated trading is opened, the trading volume could reach at least 4 trillion rubles (about US$46.4 billion). By 2028 it will rise to 4.75–5.25 trillion rubles, and in 2029 it will be about 7.5 trillion rubles (about US$87.1 billion).
PBOC Deputy Governor Lu Lei: Agent-based payments must not blur responsibility boundaries; protocols and standards will be improved
Foresight News: At the 15th China Payments and Clearing Forum, Lu Lei, a Party committee member and deputy governor of the People’s Bank of China, said that the essence of payments is the transfer of ownership of funds. He called for outcomes to be predictable, responsibilities to be clearly defined, and payment trails to be traceable. Large models and autonomous agents are characterized by random outputs and insufficiently transparent logic. If transaction-decision authority is granted excessively, it will undermine the trust foundation for fund transactions. Lu Lei said that current payment governance and dispute resolution mechanisms are both built around the principle of “human as the final decision-maker.” The automatic or assisted initiation of transactions by agents can easily blur the responsibility boundaries among consumers, industry institutions, and algorithmic systems, and governance rules therefore need to be optimized. Regarding insufficient compatibility of protocol standards, he noted that disputes over protocols are essentially disputes over business rules versus technical standards, as well as a contest over initiative in the era of artificial intelligence. If different parties continue to operate in silos for the long term, it may lead to the formation of new barriers.
Ethereum spot ETFs saw net inflows of $824 million last week; BlackRock’s ETHA took the lead with $567 million in net inflows
Foresight News reports that, according to SoSoValue data, on last week’s trading days (from August 24 to August 28, Eastern Time), Ethereum spot ETFs saw net inflows of $824 million. The Ethereum spot ETF with the highest net inflows last week was BlackRock’s ETHA, with weekly net inflows of $567 million; currently, ETHA’s historical total net inflows have reached $12.74 billion. Second was Fidelity’s ETF FETH, with weekly net inflows of $96.5009 million; currently, FETH’s historical total net inflows have reached $2.27 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs was $15.23 billion. The ETF net asset ratio (market value as a percentage of Ethereum’s total market cap) reached 5.20%, and historical cumulative net inflows have already reached $12.97 billion.
Bitcoin spot ETFs had net inflows of $924 million last week; Blackrock’s IBIT led with $938 million
Foresight News reports that, according to SoSoValue data, during last week’s trading days (August 24 to August 28, Eastern Time), Bitcoin spot ETFs saw net inflows of $924 million. The Bitcoin spot ETF with the largest net inflow last week was Blackrock’s ETF IBIT, with a weekly net inflow of $938 million. IBIT’s historical total net inflows currently reach $63.36 billion. Next was Grayscale’s Bitcoin Mini Trust BTC, with a weekly net inflow of $81.8297 million, bringing BTC’s historical total net inflows to $2.86 billion. The Bitcoin spot ETF with the largest net outflow last week was Ark & 21 Shares ETF ARKB, with a weekly net outflow of $85.1412 million. ARKB’s historical total net inflows currently amount to $1.32 billion.
The token surged by 100x—how did Tectonic end up losing about $74 million?
The attackers exploited insufficient TONIC liquidity to carry out price manipulation, driving it up by roughly 100x within about 20 minutes, and borrowing about $74 million from Tectonic. Written by: ChandlerZ, Foresight News On August 30, the Cronos ecosystem lending protocol Tectonic was attacked, and Cronos subsequently stopped producing blocks. Researcher Weilin Li initially tracked around $66 million, of which about $6 million had been transferred to Ethereum, while about $60 million remained in three addresses on Cronos; he then found another attacker address holding around $8 million. PeckShield later estimated the loss at about $74 million.
Abstract development team member 0xBeans will depart and return to on-chain development
Foresight News message: L2 Network Abstract development team member 0xBeans posted on X that he will end his work on Abstract. He said he hopes to return to full-time involvement in on-chain development to advance previously shelved protocols, mechanisms, and experiments.
A giant whale adds margin on Hyperliquid and increases its position to 45,000 ETH, with an unrealized loss of $3.11 million
Foresight News message, according to monitoring by @ai_9684xtpa, a certain giant whale has added margin on Hyperliquid and increased its position to 45,000 ETH, becoming the second-largest holder on the platform. In the early hours today, it added 3.73 million USDC in margin, then increased its position by 28,300 ETH, bringing the value of its long position to over $100 million. It is currently down $3.114 million unrealized.