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CryptoQuant: Bitcoin’s $4B USDT drop signals weakening sell pressure

Bitcoin traders have increasingly looked to stablecoins for clues about where risk appetite is headed. A new data review from CryptoQuant highlights that Tether’s USDT has been shrinking in market value at an unusually fast pace—yet the same patterns in past bear markets suggest the selloff may be approaching its end. According to CryptoQuant, USDT’s 60-day rolling market-cap change averaged about minus $4.88 billion as of Aug. 10 , while the most recent 11-day window saw nearly $870 million of USDT supply disappear. The combination points to a liquidity retreat that typically pressures broader crypto performance, but it also aligns with the late-stage behavior of prior downturns. Key takeaways CryptoQuant reports USDT’s 60-day market-cap contraction remains near $4 billion , one of its sharpest declines on record. Nearly $870 million of USDT supply vanished over the latest 11-day period, indicating the contraction is actively continuing. The steepest 60-day contraction phas...
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How Investigators Track Coldcard Hack Losses and Stolen Bitcoin

Crypto investigators are grappling with one of the toughest loss-allocation problems in digital asset security: estimating theft from self-custody wallets, where there is no authoritative registry of affected users. The ongoing analysis of the Coldcard-related hack is now producing markedly different figures depending on how teams treat “confirmed” victim reports versus on-chain attributions. Blockchain analytics platform CryptoQuant currently puts confirmed losses at 1,432 Bitcoin , while Galaxy Research and TRM Labs argue the broader toll is higher when tracing suggests additional victims across multiple waves. The discrepancy highlights why hardware-wallet exploits can be hard to quantify—and why investors and security watchers should treat any single number as provisional. Key takeaways CryptoQuant reports 1,432 BTC as a confirmed floor, relying on victim-provided evidence before labeling funds stolen. Galaxy Research says it has high-confidence minimum losses of 1,730 BT...
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Decta Tests Stablecoin Payments for Treasury Settlement

Payments firm Decta says it is adding Circle’s USDC to the back-end of its international treasury operations, using OpenPayd to convert fiat into the stablecoin for internal settlement across markets. The move highlights a growing pattern in crypto: stablecoins are increasingly used as infrastructure for liquidity and operational transfers, rather than as a branded payment option for customers. Decta told Cointelegraph that the company will route its own funds through OpenPayd’s regulated infrastructure, where they are converted into USDC via OpenPayd’s over-the-counter capabilities. OpenPayd then supports international operational settlements that Decta would otherwise complete through conventional banking processes. Key takeaways Decta will use USDC for internal treasury settlement across markets, positioning the stablecoin as a back-end liquidity tool rather than a customer payment feature. The conversion and settlement is handled through OpenPayd’s regulated infrastructure and ...
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South Korea’s New Seizure Rules Put Cryptocurrency Exchanges On A Short Leash

South Korea’s Supreme Court has proposed amendments to the Civil Execution Rules allowing creditors to freeze, identify, and liquidate crypto held by debtors. The deadline for public comments on the proposed amendments is August 11. Under the new amendments, cryptocurrency exchanges will have only seven days to disclose customer holdings if they are served with a court order. South Korea’s New Crypto Seizure Rules The proposed amendments to the Civil Execution Rules create a standardized process for creditors to freeze, identify, and liquidate debtor crypto holdings. If finalized, the rules will take effect from October 1. Once finalized, cryptocurrency exchanges will have a seven-week window to prepare to play a role in civil debt enforcement. Simply put, a court could freeze the debtor’s access to assets held with a custodian. It can also prohibit the custodian from transferring the frozen assets to the debtor. Additionally, the debtor will also lose their right to dispose of the cla...
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South Korea Lowers Crypto Travel Rule Threshold for Transfers

South Korea is preparing to expand its crypto “Travel Rule” so that it applies to virtually all on-chain transfers between registered virtual asset service providers (VASPs), rather than only transactions above a set value. The change removes the current 1 million won threshold (about $700), a step aimed at closing an obvious loophole: users splitting transfers into smaller chunks to stay under reporting and information-sharing requirements. According to a cabinet decision approving amendments to the Enforcement Decree of South Korea’s Act on Reporting and Using Specified Financial Transaction Information, the updated rules will also add tighter anti-money laundering (AML) obligations around transfers that involve foreign exchanges and personal wallets, where authorities have said existing controls have been exploited. Key takeaways South Korea’s Travel Rule will apply to all transfers between registered crypto VASPs, removing the 1 million won transaction cutoff. Receiving platfor...
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Sec Reg Crypto Proposal What the Aug 14 SEC Vote Means for Crypto

The SEC Reg Crypto proposal is heading to an Aug. 14, 2026, open meeting, where the U.S. Securities and Exchange Commission will consider whether to issue proposed rules creating a tailored offering regime for certain investment contracts involving crypto assets. The meeting is scheduled for 10 a.m. ET. If approved, the proposed release would begin the formal public-comment process once published. SEC Schedules Regulation Crypto Assets for Aug 14 The SEC's Aug. 10 Sunshine Act notice confirms that the Commission will hold an open meeting on Friday, Aug. 14, at 10 a.m. ET. The meeting will take place at the SEC's headquarters in Washington, D.C., and will also be available through the agency's webcast. The official agenda identifies the matter as “Regulation Crypto Assets.” The Commission will consider whether to issue a release proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The initiative is commonly refe...
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Sec Reg Crypto Proposal What the Aug 14 Sec Vote Means for Crypto

The SEC Reg Crypto proposal is heading to an Aug. 14, 2026, open meeting, where the U.S. Securities and Exchange Commission will consider whether to issue proposed rules creating a tailored offering regime for certain investment contracts involving crypto assets. The meeting is scheduled for 10 a.m. ET. If approved, the proposed release would begin the formal public-comment process once published. Sec Schedules Regulation Crypto Assets for Aug 14 The SEC's Aug. 10 Sunshine Act notice confirms that the Commission will hold an open meeting on Friday, Aug. 14, at 10 a.m. ET. The meeting will take place at the SEC's headquarters in Washington, D.C., and will also be available through the agency's webcast. The official agenda identifies the matter as “Regulation Crypto Assets.” The Commission will consider whether to issue a release proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The initiative is commonly refe...
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