Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

Autonomous AI Security Agent V12 tweeted that the Rabby Wallet crypto wallet extension has a silent signature extraction vulnerability. After users connect to a malicious DApp, if they set the auto-lock time to 10 minutes and re-unlock their wallet after staying connected for roughly 10 minutes, their funds could be drained. Rabby Wallet later responded on Twitter, stating the team released a fix update on August 11 following the vulnerability’s discovery, and users must ensure their Rabby extension is updated to the latest version. The mobile app is not affected. Additionally, the team noted the vulnerability has extremely limited trigger conditions—requiring connection to a malicious website and manual setting of a 10-minute auto-lock—and no actual exploitation cases have been detected to date.

Amid the August 19 (819) rally, multiple suspected insider addresses have emerged. BlockBeats has compiled the details below: The newly created address 0xedcdcaa1f18350c50c10bef860e64daa9785d05a first took profits from its long position in HYPE last night, then switched to a 4x leveraged long position in ETH at an average entry price of $1,936. As of press time, it holds 20,000 ETH long contracts, with an unrealized profit exceeding $6 million. Address 0xde8d9e530b0528ffa7b1190f862536c055dd9524 started building its ETH position on the 17th. As of press time, it has accumulated 10,657 ETH (totaling $20.7 million, at an average entry price of $1,942), which has now been directly deposited for staking. Additionally, a suspected hacker address obtained 17,124 ETH via Tornado Cash, sold it at a high nine months ago, and last night used 38.535 million DAI/USDS to purchase 18,273 ETH at an average price of $2,109.

According to TradingBeats (formerly Hyperinsight), the crypto market is warming up, with Ethereum (ETH) posting a 24-hour gain of 16.51% and trading at $2,229.70. Over the past 24 hours, on-chain ETH liquidations have been substantial. The largest single liquidation came from one of the main addresses of "pension-usdt.eth", totaling $108.15 million and occurring 6 hours ago. Another address linked to the entity also saw $3.18 million in short positions liquidated. Other notable liquidations include: "picholas" had a $13.82 million position cleared, the "0x01...a990 sub-address" was liquidated for $9.98 million, and "0x83...f54a" saw $5.99 million in liquidations, among others. The dense liquidation zone near current prices signals high long liquidation risk at the top, with "Maji" facing $46.48 million in long liquidation risk at a liquidation price of $2,171.73, just 3.2% below the current level. Current open interest stands at $1.89 billion. The long-short ratio of the top 10 whales is 2.3333, while the overall long-short ratio is 1.70:1. There are 10,409 long position holders, with short holders accounting for 63.0% of the total, indicating a bullish market sentiment.

Glassnode released a report at 12:00 AM this morning, noting that Bitcoin’s on-chain structure remains in the "capitulation phase". The cost base of short-term holders has dropped to around $68,500, lower than the real market average of approximately $75,800. Meanwhile, the relative unrealized loss in this cycle peaks at roughly 25%, significantly lower than the over 60% level seen during capitulation phases in previous cycles. This indicates that the current market loss is relatively mild but more dispersed, potentially requiring a longer period to complete the clearing process. Glassnode also stated that the 90-day moving average of the realized profit/loss ratio currently stands at 0.75, while historically this metric typically falls below 0.5 before seller exhaustion occurs, meaning genuine seller exhaustion has not yet emerged. The firm further emphasized that until this metric breaks back above 2, any price rally should be viewed as a local rebound rather than a fundamental shift in market trend. Additionally, the 30-day directional premium in the perpetual contract market turned sharply negative during the recent sell-off, but has since rebounded significantly and returned to positive territory. This signals that leveraged traders are once again willing to pay a premium for long exposure, and speculative risk appetite has improved somewhat. However, in contrast to the improvement in the perpetual contract market, the Coinbase Premium Index remains consistently negative, indicating that meaningful demand has not yet returned to the U.S. spot market.

According to the latest Bitmine holdings data, the treasury firm holds a total of 5,815,164 ETH, valued at $11.06 billion, with an average cost basis of $3,366. Due to Ethereum’s nearly 20% rally last night, the unrealized loss on its holdings shrank to $6.65 billion overnight.

A hacker is buying $ETH as the price rises! As the market rallied, an unknown hacker spent $38.53M to buy 18,272 $ETH at an average price of $2,109.