New research from the Anti-Corruption Data Collective, or ACDC, says at least 152 anonymous wallets on Polymarket may have traded on advance knowledge related to U.S. military and defense events, generating about $8 million in profit with an average win rate of 97.2%. The group said it screened settled Polymarket markets for what it described as low-probability, high-value wagers: trades worth at least $2,500 within one hour on outcomes priced at 35% or lower. That process identified 556 wallets with unusual patterns, including 152 linked to military and defense markets. ACDC referred to these wallets as “Orcas,” describing them as addresses that appear suddenly, place bets on unlikely outcomes, win at unusually high rates, and then exit with profits. The researchers said blockchain data alone cannot identify the people behind the wallets or verify where any information came from, so the findings do not by themselves prove insider trading. The report lands as regulators keep a close watch on prediction-market abuse. The CFTC has already brought separate cases this year involving alleged use of confidential information in Polymarket trading.

Binance Futures listed a batch of TradFi perpetual products between Aug. 17 and Aug. 19, including Gold Miners ETF, Cloudflare, Shopify, CXMT and UNITREE. The piece argues that for many investors, especially those outside the mainland market, direct participation in these Chinese listings is hard to access. On the STAR Market, individual investors typically need at least RMB 500,000 in assets and two years of trading experience just to qualify, and qualification still does not guarantee an allocation. For UNITREE, broker estimates cited in the article put the expected lottery win rate at only 0.02% to 0.03%, far below CXMT’s roughly 0.47%. Against that backdrop, the article points to on-chain products as an alternative way to express a view on price. In mid-July, Trade.xyz launched a premarket contract for CXMT through Hyperliquid’s HIP-3 framework, with the reference price rising from $5 to $8.64. In early August, UNITREE’s premarket contract climbed from $70 to $93.99. The article frames these products not as equity ownership, nor as a claim on future shares, but as a separate market for trading expectations around post-listing valuation. It also distinguishes between pre-listing price discovery on-chain and post-listing leverage access through perpetual contracts on exchanges such as Binance.

Monitoring data from TradingBeats, formerly Hyperinsight, shows that the second-largest Bitcoin long on Hyperliquid has expanded its unrealized profit to $5.82 million. The address is holding a 40x leveraged BTC long worth $68.18 million, with a position size of 1,000 BTC and an entry price of $62,353. At the same time, the same address holds a 20x leveraged Ether long valued at $20.67 million, with an unrealized profit of $3.05 million and an entry price of $1,761. TradingBeats has tagged the whale wallet as both “highly profitable” and a “super whale,” meaning its cumulative historical profit and loss exceeds $1 million and its perpetual account net value, excluding spot holdings and staked assets, is above $5 million. The wallet’s total unrealized profit now stands at $9.48 million, while its closed-trade win rate is 56%.

TradingBeats, formerly Hyperinsight, says the largest ETH short on Hyperliquid, the whale account pension-usdt.eth, is now sitting on a $19.17 million unrealized loss. The position was opened around $1,700 with 3x leverage, while the position value still stands at $104 million and the liquidation price is listed at $2,189. TradingBeats also said the account has not traded for nearly two months, yet its completed trades show an 85.45% win rate. According to the monitor, the wallet has made $13 million from BTC trades and $27.48 million from ETH trades, and has earned $1.04 million in funding fees.

A whale wallet starting with 0x66 added 800 BTC to an existing short during a sharp upward move in Bitcoin, bringing its 40x leveraged BTC short to 1,200 BTC and making it the largest BTC short on Hyperliquid, according to monitoring data from TradingBeats, formerly Hyperinsight. The position is currently showing an unrealized loss of $2.39 million. Data cited by BlockBeats showed the entry price at $66,891 and the liquidation price at $70,039. The same address is tagged as both a “high-profit” account and a “whale.” Under TradingBeats’ labeling standard, that means its cumulative historical profit and loss exceeds $1 million, while the net value of its perpetual futures account, excluding spot holdings and staked assets, falls between $1 million and $5 million. The address has a 55% win rate across its closed historical trades. The move came as BTC rose quickly during the evening session.

Bitcoin climbed back above $65,000 for the first time since Aug. 10, but the market is still trading under heavy macro pressure as long-dated U.S. Treasury yields surged and kept risk assets on the defensive. Traders are watching the $62,000-$63,000 area as the main support zone, while resistance is clustered around the 50-month exponential moving average near $65,400 and a possible inverse head-and-shoulders neckline. CryptoQuant said Bitcoin’s 30-day apparent spot demand has recovered sharply from negative 206,000 BTC on July 23 to negative 5,000 BTC, putting it close to its first move back into positive territory since Feb. 26. Historically, the firm said, a shift from negative to positive spot demand has been followed by a median 18.1% gain over the next 60 days, with a 78% win rate. VanEck also said Bitcoin may be nearing the end of its correction, though it cautioned that capitulation signals alone have not produced consistent excess returns over 90- and 180-day windows. At the same time, bond-market stress rippled through equities, hitting AI, semiconductors, crypto-linked stocks, miners and Asian chip shares, while investors turned their attention to the Federal Reserve minutes and a closely watched 20-year U.S. Treasury auction.

Bitcoin spot demand is close to turning positive for the first time since February, according to CryptoQuant data cited by Cointelegraph and reported by ChainCatcher. The shift matters because similar signals have historically been followed by higher Bitcoin prices. The data shows that after comparable setups, Bitcoin posted a median gain of about 18.1% over the following 60 days, with a win rate near 78%. A return to positive spot demand is typically read as a sign of stronger buying activity in the spot market. Attention is now on whether that change can hold and support a broader price move. The report did not provide additional price levels or a specific date for the crossover, but it highlighted the historical pattern tied to the demand signal.

Gate said in its July wealth management report that the crypto market continued a cautious recovery during the month, with total market capitalization rebounding to $2.26 trillion, up about 7.6% from a month earlier. BTC rose 7.3% and ETH gained 18.5%, while demand for stable-yield products and diversified strategies increased during the recovery, according to the report. On the conservative wealth management side, holdings in Gate’s fixed-term flexible products showed BTC up 7.3% month on month and USDT up 70.4%. GUSD’s total minted supply climbed from about 182 million tokens at the start of July to about 215 million by month-end, and at one point exceeded 230 million. For advanced products, the annualized return on Gate’s BTC dual-currency investment for 0-day buy-low and sell-high structures reached 95.5% and 113.5%, respectively, or 34.4 and 32.6 percentage points above the market average. The report also said the average monthly return for quantitative fund USDT strategies was 3.0% in July, with Interstellar Pioneer leading at 4.2%, while Interstellar Hedge posted a cumulative return of 19.1% and maintained a 100% monthly win rate for 25 straight months. In equities, trading share in South Korean stocks briefly reached about 90% early in the month before U.S. stocks recovered to around 70%, while SK Hynix and SpaceX ranked first and second in holdings.