Crypto market today — BTC $78,790 (+1.62%) · premium -0.61% · 90 up vs 171 down · 25 Aug

The past 24 hours (measured by AntProfit · as of 08:30 on 25 Aug KST)

These numbers are not borrowed from other outlets — we read them directly from 21 exchanges.

A funding rate at the 0.01% baseline means longs are not crowding the futures market. And a negative kimchi premium means Korean investors are not chasing the move. With far more losers than gainers, the market was pressed down today.

Biggest gainers and losers (24h)

We count only coins with at least $10M turnover listed on three or more exchanges (this keeps single-venue pumps and scam tokens out). Prices come from the largest venue by turnover; turnover from the largest spot venue.

Biggest gainers

Biggest losers

Where the money went (turnover far above a week ago)

• STX $0.2285 (-2.89%) — spot turnover $4M, 10.5x a week ago
• DASH $41.47 (-1.89%) — spot turnover $42.2M, 9.2x a week ago
• PEPE $0.00000402 (-2.83%) — spot turnover $59.9M, 9x a week ago

If turnover jumps while the price does not, someone large may be accumulating or exiting — check the order book on the coin page.

Kimchi premium right now

The kimchi premium (the price gap between Korean and overseas exchanges) is -0.61% — 24h average -0.84%, range -1.26% to -0.47%. Korea is cheaper = domestic buying is not following the move.

Coins with the widest gaps in our latest scan (one row per coin):

• STORJ premium — CoinEx $0.0519 · Bithumb $0.0561 — 8.16% apart
• INJ premium — DigiFinex $5.59 · Upbit $5.66 — 1.27% apart
• ALGO premium — WhiteBIT $0.0912 · Upbit $0.0922 — 1.13% apart

Read these gaps after fees, transfer time and FX. They are not an arbitrage call — they are a thermometer for which side of the market runs hotter.

Funding-rate skew (which way futures lean)

The funding rate is a fee that passes periodically between longs and shorts in perpetual futures. Positive means longs pay shorts; the further it drifts from the 0.01% baseline, the more crowded one side is.

• BTC 0.0062% per 8h (about 0.02% a day) — At the baseline = longs are not crowded
• ETH 0.0096% per 8h (about 0.03% a day) — At the baseline = longs are not crowded
• STORJ a lot of money is betting it falls — holding leverage costs about 5.47% a day (CoinEx)
• COTI a lot of money is betting it falls — holding leverage costs about 2.16% a day (Gate.io)

A holding cost this wide is not an income opportunity — it is a signal that one side is badly crowded. On such coins, price swings dwarf the fee.

Yesterday's main stories

1. US Spot ETFs Record Largest Weekly Inflow Since October Last Year

According to reports on August 24, 2026, US-listed spot Bitcoin and Ethereum ETFs saw a massive net inflow of $2.6 billion for the week ending August 22. Bitcoin ETFs accounted for approximately $1.9 billion of this total, with BlackRock's IBIT alone drawing $503 million in a single day.

This massive influx of institutional capital combined with a short squeeze (a situation where traders who bet on price drops are forced to buy back assets to limit losses) triggered a powerful rally, pushing Bitcoin from the $64,000 level to break past $77,000 and reach an intraday high near $79,500.

2. Tether Halts $120 Million Bitcoin Mining Project in Uruguay

Stablecoin issuer Tether has officially terminated its planned $120 million Bitcoin mining initiative in Uruguay due to a dispute over the interpretation of a power supply agreement with the state-owned utility company UTE. The project was ultimately canceled as the government maintained a firm stance following a regime change in Uruguay in 2025.

While this setback disrupted Tether's expansion plans in South America, it had a limited impact on the market, causing no immediate negative effects on overall market liquidity or Bitcoin's price.

3. Binance Custody Partner Ceffu Withdraws $264 Million in Crypto

On August 24, 2026, Binance's institutional custody partner Ceffu deposited 136.54 million USDC into the Binance exchange, only to withdraw approximately $263.8 million worth of Bitcoin and Ethereum to external wallets 30 minutes later.

Large-scale withdrawals are typically interpreted as a signal that reduces selling pressure because the assets are moved for secure storage, which helped maintain positive market sentiment amid Bitcoin's recent upward trend.

4. US Treasury Buyback Expansion Triggers Massive Short Squeeze

On August 19, 2026, the US Department of the Treasury announced it would double the scale of its buybacks (purchasing its own government bonds), which greatly heightened expectations for improved market liquidity.

This announcement triggered a massive short squeeze of approximately $2.7 billion to $3.5 billion in the cryptocurrency derivatives market, causing Bitcoin to surge over 8% in a single day to break $70,000 and serving as the key catalyst for securing the $78,000 level.

What to watch today and this week

1. 25 Aug (Tue) KST — Zcash (ZEC) monetary policy change voting. Zcash holders will start voting on whether to abolish the existing four-year halving system and replace it with a smooth issuance curve (a system where token supply decreases gradually).
2. 25 Aug (Tue) KST — Humanity (H) large-scale token unlock. The decentralized identity protocol Humanity will unlock and release 266.47 million H tokens, valued at approximately $18.3 million, into the circulating market.
3. 25 Aug (Tue) KST — Plasma (XPL) regular token unlock. The Layer 1 payment network Plasma will unlock approximately 88.88 million XPL tokens, worth about $8.67 million, allocated for ecosystem and growth purposes.
4. 26 Aug (Wed) KST — Huma Finance (HUMA) token unlock. The PayFi (payment finance) network Huma Finance will unlock 458.75 million HUMA tokens, which are valued at approximately $10.07 million.
5. 27 Aug (Thu) Night ~ 29 Aug (Sat) KST — US Jackson Hole Symposium. This annual economic policy symposium is highly critical for the macroeconomic and cryptocurrency markets as speeches from Federal Reserve officials are expected ahead of the September FOMC interest rate decision.

Volatility often picks up around these dates. Simply knowing when they land helps you avoid being caught off guard.

Newly listed (past 3 days)

• DGAI — on 5 exchanges, spot turnover $24.8M

Newly listed coins have short price histories and swing hard day to day. If the name is unfamiliar, start with the exchange count and turnover on the coin page.

This wrap is compiled automatically every morning. The numbers are read directly from 21 exchanges by AntProfit; stories and dates are included only when the source checks out. Nothing here recommends a trade.