Cryptoccino — Friday 14 August 2026

Bitcoin flatlines under $64,000 on the quietest tape in years. Flat July PPI and in-line CPI both failed to shake crowded long positions, with Glassnode flagging a notable absence of new buyers. Analysts describe it as the most compressed range since 2019, with monero and Hyperliquid the only meaningful outperformers on the session. theblock coindesk

Bitcoin miners offload 28,000 BTC worth roughly $2 billion. Rising operational costs are pushing miners toward sustained selling, with many pivoting balance-sheet exposure toward AI and data-centre deals. The volume is notable enough to weigh on near-term supply dynamics if spot demand stays soft. cryptobriefing

Swissquote cuts full-year guidance after first-half crypto income collapses. The Swiss broker saw crypto-related revenue drop sharply in H1, forcing a downward revision to annual targets and sending its shares lower. It is a clean read on what slowing retail activity does to institutions whose earnings became structurally dependent on crypto volumes during the bull cycle. coindesk

TradFi perpetuals volume on crypto venues surges 117-fold to $387 billion in 18 months. Crypto exchanges are processing a rapidly growing share of traditional-asset derivatives flow, 24 hours a day, undercutting conventional venue hours and infrastructure costs. The dynamic aligns with Bloomberg’s broader report on the Wall Street era arriving in crypto as retail participation and liquidity thin out. cryptobriefing bloomberg_crypto

Tether gets a clean KPMG opinion on its full 2025 financials. KPMG US issued an unqualified audit opinion on Tether International’s complete financial statements, the first time the USDT issuer has submitted to a full Big Four audit after years of attestation-only disclosures. Tether called it the largest inaugural financial audit in the industry; the report itself has not been released publicly. theblock coindesk bloomberg_crypto decrypt

Figure nearly triples quarterly profit as its onchain loan marketplace hits $4.3 billion in volume. Net income rose 192% year-on-year to $87 million, driven by surging demand for blockchain-settled home equity loans. It is one of the cleaner proof points that tokenised lending infrastructure can generate real earnings at scale. theblock coindesk

Gemini posts a $108 million quarterly loss as exchange revenue falls 38%. The Winklevoss-run exchange saw digital asset trading income slide sharply, though its prediction markets arm nearly doubled in volume — a sign of where the firm is placing its next bet. Tyler Winklevoss acknowledged publicly that the business still has material progress to make. theblock cryptobriefing

Kalshi hit by a Washington state court order and a Baltimore city lawsuit simultaneously. A Washington court ordered Kalshi to suspend most of its prediction market offerings in the state, permitting only commodities, climate and finance-related contracts to continue. Baltimore separately sued Kalshi and Polymarket over alleged illegal sports betting, naming Coinbase, Robinhood and Webull as co-defendants in the complaint. See On the Hill for the regulatory framing. theblock theblock cointelegraph_regulation

Trezor’s shipping partner ShipMonk breached, 14,000 customers’ personal data exposed. The breach affected names, addresses and other personal information held by the fulfilment provider, not device firmware or seed phrases. The practical risk is targeted phishing and physical theft, as attackers now have verified hardware wallet owner addresses. theblock coindesk bloomberg_crypto decrypt

Google ad phishing campaign drains $550,000 from a single Hyperliquid user. A security specialist flagged the incident, noting attackers are buying search ads that mimic legitimate protocol front-ends to capture wallet approvals. SEAL previously blocked 356 malicious Google ad URLs over several weeks earlier this year, suggesting the vector is persistent and scaling. theblock

Bitcoin red team using Chinese AI models to hunt bugs in open-source Bitcoin code. A Bitcoin Red Team member reported that models including Moonshot AI’s Kimi K3 are surfacing previously overlooked vulnerabilities across Bitcoin’s codebase. Separately, more than 40 crypto firms have formally asked major AI labs for pre-release access to frontier models specifically for adversarial security research. decrypt decrypt coindesk

SEC cancels Reg Crypto proposal meeting and delays tokenisation exemption — see Lead for the full story. The CFTC is moving in the opposite direction, scheduling an Innovation Advisory Committee session for 20 August covering crypto, AI and prediction markets, without waiting for legislative direction from Congress. cointelegraph_regulation

Blockchain Association urges Supreme Court to take up Custodia’s Federal Reserve master account case. The trade group argues that broad Fed discretion over master account access could be weaponised to systematically exclude digital asset firms from the payment system. Custodia’s original application was denied in 2023; a Supreme Court hearing would make the access question federal precedent. theblock cointelegraph_regulation decrypt

Copper Markets US secures FINRA membership and SEC broker-dealer registration. The US arm of the London-based custodian can now offer qualified custody, staking, OTC and financing services to American clients under full regulatory standing. It is one of the cleaner pieces of infrastructure news this week, as institutional custody rails continue to formalise. cointelegraph_regulation

South Korea sentences Delio CEO to 15 years for $50 million crypto fraud. Jeong Sang-ho was convicted on charges related to misappropriating customer funds at the crypto lending platform, though prosecutors had sought 20 years and lost a primary charge after a procedurally botched server search. The case narrowed from roughly 2,800 alleged victims to about 1,100 as a result. theblock cointelegraph_regulation coindesk decrypt

What else is grinding?

• MUFG is piloting real-time blockchain settlement for Japanese government bond trades, the first major test of DvP for sovereign debt in the country. coindesk
• Bitwise is exploring tokenising its Solana staking ETF via a Superstate partnership, with tokenised shares carrying identical rights to book-entry form but restricted transferability outside the system. theblock
• Hawaii will ban cash deposits at crypto ATMs from October, targeting the on-ramp scammers rely on while leaving crypto-to-crypto swaps untouched. decrypt
• Norway’s $1.7 trillion sovereign wealth fund disclosed an $82 million stake in BitMine Immersion Technologies, primarily an Ethereum staking play. cryptobriefing
• Metaplanet denied selling 5,014 BTC worth roughly $320 million, saying the transfer was a custody move, and simultaneously launched a BitBonds fixed-rate private debt programme worth $1.3 million. decrypt coindesk
• FCA and HTX are reportedly in settlement talks over illegal crypto promotions aimed at UK customers, with the regulator citing a test purchase made via a UK IP address using a driving licence as ID. decrypt

Last sip. Tether’s audit is clean, the report is nowhere to be found, and everyone is deciding whether that distinction matters.