Now Playing
Upbit Delist, Whale Accumulation & ETF Inflows Without a Breakout | Aug 5
Audio is available on Spreaker — see link below.
Upbit delists BONK over treasury governance failures as Bitcoin whales accumulate $1.2B while retail exits — and US spot ETFs post their best weekly inflow since April. Plus: Ethereum's 67% DeFi lending share, the CLARITY Act's shrinking window, and AI-generated code risk in DeFi.
Audio is available on Spreaker — see link below.
South Korea's largest crypto exchange just drew a hard line in the sand. Upbit confirmed it will delist BONK on September seventh, citing an unresolved twenty-million-dollar treasury governance attack and the project's failure to disclose material risks to investors in a timely way.
While that plays out in the memecoin market, something structurally different is happening in Bitcoin. On-chain data shows whales accumulated roughly twenty thousand BTC, worth about one-point-two billion dollars, since July twenty-ninth, buying below sixty-five thousand dollars.
Layered on top of that, US spot Bitcoin ETFs took in seven hundred and fifty-four million dollars this week. On track for the best weekly inflow since April.
Over on Ethereum, a new metric worth noting. Ethereum now accounts for sixty-seven percent of all on-chain borrowing activity.
On the regulatory side, the CLARITY Act is approaching what may be its final realistic window. The Senate reconvenes before an August tenth recess.
One more development that doesn't headline but should be on your radar. Research from Booz Allen found that several Chinese AI models, including DeepSeek and Qwen, produce more security vulnerabilities when prompted in US government contexts.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.