Crypto Briefs — Monday, August 24, 2026
Bitcoin mining faces fresh headwinds as Poolin, once a major industry player, files for bankruptcy following a 2022 collapse that left thousands of users with frozen funds, while the crypto industry continues mobilizing support for regulatory clarity through the Crypto Clarity Act—backed this week by both Fidelity, managing $7 trillion in assets, and the National Fraternal Order of Police. Meanwhile, derivative exchange BitMEX announced its shutdown effective September 23 after becoming economically unviable, and a mysterious $9 million bet on Trump's election through Polymarket has raised fresh concerns about prediction market transparency and fund provenance.
Poolin Bitcoin Mining Pool Files for Bankruptcy Amid 2022 Collapse
Poolin, once a major Bitcoin mining pool, has filed for bankruptcy after failing to recover from a 2022 withdrawal freeze that stranded users. The Singapore-based operation is auctioning off its Texas mining sites to compensate approximately 11,700 users still holding IOUs from the frozen period.
Fidelity Backs Crypto Clarity Act as $7T Asset Manager
Fidelity, managing $7 trillion in assets, has endorsed the Crypto Clarity Act, joining other major institutional players supporting the bill. The legislation aims to clarify regulatory framework for digital assets. The backing of a major traditional finance firm signals growing institutional support for crypto regulatory clarity.
National Fraternal Order of Police Endorses Crypto Clarity Act
The National Fraternal Order of Police has announced support for the Clarity Act, a legislative proposal governing cryptocurrency regulation. The endorsement follows similar backing from other organizations this week, signaling growing institutional alignment behind the bill's framework.
Crypto Groups Lobby Senate for Clarity Act Support
Three unnamed crypto industry advocacy groups sent a letter to Senate leaders supporting the Clarity Act, a crypto market structure bill. The letter represents the latest industry push for the proposed legislation, though specific details of the groups' arguments and the bill's provisions were not provided in the article.
State Department Launches Freedom Tech Program With Bitcoin Policy Institute
The U.S. State Department is debuting a Freedom Tech Program in partnership with the Bitcoin Policy Institute and Palantir, aimed at protecting free expression online. The initiative represents a government endorsement of Bitcoin and cryptocurrency technology as tools for digital rights, though specific implementation details were not disclosed in the announcement.
Mirae Asset rebrands Korbit exchange to Digital X
Mirae Asset has completed its acquisition of controlling stake in South Korean crypto exchange Korbit and rebranded it as Digital X, according to Herald Business. The move positions the platform as central to Mirae Asset's digital asset strategy.
Treasury Finalizes Corporate Transparency Act Exemption for US Businesses
The US Treasury Department has finalized a rule exempting certain US businesses from Corporate Transparency Act (CTA) reporting requirements, potentially reducing compliance costs for affected entities. The exemption may, however, limit transparency efforts and complicate financial crime prevention, raising concerns among regulatory observers about the effectiveness of beneficial ownership disclosure rules.
BitMEX to Close Operations on September 23
BitMEX announced it will shut down on September 23 after completing a business review, with no reported balance-sheet issues or withdrawal restrictions. The exchange's market share had fallen below 0.01% with daily volume near $400,000, according to Kaiko data.
Polymarket Account Linked to Farage Backer Bet $9M on Trump
A Polymarket account registered under the name of a Nigel Farage backer received $9 million in cryptocurrency from unknown sources and bet the funds on Donald Trump's 2024 election victory, according to Financial Times reporting. The account cashed out profits after Trump's win, but the origin of the funds and ultimate beneficiary remain unclear, raising questions about prediction market transparency and fund provenance.
Abraxas Capital builds $783M shorts on Hyperliquid, hedges with ETH
Abraxas Capital established $783 million in short positions on the Hyperliquid derivatives platform and withdrew $173 million in ETH as a hedge, according to Crypto Briefing. The large positions highlight potential for market volatility through concentrated hedging and arbitrage strategies on decentralized trading venues.
Ethereum Trading at Discount but May Face Further Decline: CryptoQuant
Ethereum is currently trading below its realized price, suggesting a valuation discount, according to CryptoQuant analysis. However, analysts suggest the token may not have reached its bottom and could experience a final capitulation phase before establishing support.
Pi Network Price Falls Below $0.09 as Recovery Stalls
Pi Network's token fell below $0.09, signaling potential weakness in its recent recovery momentum. The decline has prompted market concerns about the sustainability of PI's broader uptrend and near-term price outlook.
DEX Aggregator Odos Shuts Down; Users Have Until July 30
Odos, a decentralized exchange aggregator, is ceasing operations with a July 30 deadline for users to manage their funds. The platform provided guidance on common questions users face during the shutdown process, though the specific operational reasons for the closure were not detailed in the announcement.
Hoskinson Defends Cardano's Slow Development Against Industry Exploits
Charles Hoskinson, Cardano founder, compared the blockchain's methodical development approach to Anthropic's cautious AI strategy, arguing the measured pace is vindicated as the crypto industry faces repeated attacks and exploits. Hoskinson suggested Cardano's deliberate engineering posture positions it favorably relative to networks moving faster but encountering more security issues.
XRP Ledger v3.2.0 upgrades core server, renames rippled to xrpld
The XRP Ledger network released version 3.2.0, which includes a rebranding of the core server software from rippled to xrpld. The change reflects a shift in the ledger's infrastructure naming conventions. The upgrade is a routine maintenance release for the XRP Ledger codebase.
Franklin Templeton Moves Benji Stablecoin to BNB Chain
Franklin Templeton has selected BNB Chain as the primary network for its Benji USD stablecoin, expanding the asset's presence across blockchain infrastructure. The move positions Benji on one of the largest blockchain networks by transaction volume, potentially broadening institutional access to the stablecoin for payments and settlement use cases.
Solana DEX Volume Reaches $17B Amid On-Chain Trading Surge
Solana decentralized exchanges reached $17 billion in trading volume, reflecting sustained activity on the blockchain's on-chain trading ecosystem. The metric underscores continued user engagement with Solana-based DEX protocols despite broader market conditions.
TRON gasless USDT volume reaches $3B milestone
TRON's gasless USDT transfer feature has processed $3 billion in volume, reducing transaction friction on the blockchain. The development signals growing adoption of stablecoin payments on TRON as the network improves user experience through zero-gas transfers.
Dogecoin, Ether Lead Market Pullback Ahead of Fed Meeting
Dogecoin fell 4.5% and ether declined 2.5% as major cryptocurrencies retreated broadly but modestly on the week. Most assets remain higher for the period ahead of next week's Federal Reserve meeting.
Ripple Adds RLUSD to Compliance Network Amid Volume Decline
Ripple launched an institutional minting platform for its RLUSD stablecoin and integrated it into Notabene's compliance network, while holder growth continued despite monthly transfer volume declining 25% to $10.95 billion. The moves target institutional adoption and regulatory infrastructure as the stablecoin navigates scaling challenges.
Nasdaq-Listed Zhibao Plans $220M Stock Sale for Bitcoin Treasury
Shanghai-based insurance-tech company Zhibao, trading on Nasdaq below $1 per share, announced plans to build a bitcoin treasury by selling $220 million in new stock directly for BTC rather than fiat currency. The move mirrors corporate treasury strategies adopted by larger firms seeking bitcoin exposure.
Pendle's USDC Vault on Morpho Attracts $50M in Two Weeks
Pendle's USDC vault on the Morpho lending protocol accumulated $50 million in deposits within two weeks of launch. The rapid inflow is attributed to institutional interest in DeFi yield strategies and validates the modular lending approach combining Pendle's yield-stripping protocol with Morpho's lending infrastructure.
Tesla Takes $112M Bitcoin Impairment in Q2 2026, Holds All Coins
Tesla recorded a $112 million impairment loss on its 11,509 BTC holdings in the second quarter of 2026 but did not sell any coins, according to 99Bitcoins. The company's decision to absorb the loss while maintaining its full position suggests a long-term commitment to its corporate Bitcoin treasury strategy despite short-term price volatility.
XRP ETF Inflows Decline Sharply as Price Holds Above $1.13
XRP spot ETF inflows have declined from $131 million to $12 million amid a cup-and-handle price pattern holding above $1.13, raising questions about sustained institutional demand for a breakout to the $1.21 target. The sharp drop in inflows suggests potential weakness in the rally despite technical support levels.
Phantom wallet ends Sui network support September 24
Phantom wallet will discontinue support for the Sui blockchain on September 24, removing in-app access to Sui assets. Users retain access to their holdings through alternative compatible wallets. The move marks a significant reduction in Phantom's multi-chain coverage.
Tether CEO reports USDT adoption growth in four emerging markets
Tether CEO Paolo Ardoino stated that USDT adoption is expanding in Venezuela, Argentina, Bolivia, and Turkey for use cases including savings, payments, and trade. The claim reflects stablecoin demand in countries experiencing currency instability, though no specific adoption metrics or timelines were provided.
Upbit Lists Lighter Protocol's LIT Token in South Korean Won
South Korean exchange Upbit has added trading for Lighter Protocol's LIT token against the Korean won, expanding local market access to the Ethereum-based utility token. The listing broadens LIT's availability in one of Asia's largest crypto markets.
Fasset reaches $1B valuation with SBI backing for stablecoin expansion
Fasset, a stablecoin payments platform, achieved a $1 billion valuation with backing from SBI, a major Japanese financial institution. The funding round supports the company's expansion into global remittance and payments infrastructure using stablecoins.
eCash test chain launches with unresolved fork risks before October
A new eCash test chain launched on Aug. 23 using practice pECX tokens ahead of an October deadline, but critical implementation details remain unsettled. Final software, replay protection rules, and exchange handling procedures have not been finalized, creating potential fork risks for Bitcoin holders. The unresolved status poses operational uncertainty for stakeholders preparing for the network event.
Bitcoin rallies to $77K as Warsh prepares Jackson Hole speech
Bitcoin traded above $77,000following a 21% weekly gain, while XRP surged 46% over the same period. The rally drew attention as Kevin Warsh, a Federal Reserve governor nominee, prepared to debut at Jackson Hole, a venue traditionally used for major policy announcements affecting markets.
Ledger Patches Ethereum Signing Vulnerability
Ledger announced it has fixed a vulnerability affecting certain Ethereum clear signing flows and is urging users to update their firmware and applications. The hardware wallet maker did not disclose the severity or scope of the flaw but emphasized that patched versions are now available.
Fed Study Links Bitcoin Returns to Increased Crypto Purchases
A Cleveland Federal Reserve paper found that investor beliefs about returns strongly predict cryptocurrency ownership, and that Bitcoin performance data materially increases subsequent purchases. The research suggests retail investors adjust their crypto holdings based on recent price movements and return expectations rather than fundamental analysis.
Pump.fun hits $10M weekly fees, overtakes Hyperliquid in revenue
Pump.fun, a memecoin launchpad platform, surpassed Hyperliquid in 7-day revenue and recorded $10M in weekly fees for the first time, according to Crypto Briefing. The milestone underscores the growing prominence of retail-focused DeFi platforms and their challenge to established trading venues in reshaping market dynamics.
Ethereum Foundation Sponsors WPPT 2026 Workshop in Hong Kong
The Ethereum Foundation is sponsoring a workshop at WPPT 2026 in Hong Kong, signaling focus on privacy technology development. The initiative reflects efforts to address privacy concerns in blockchain systems and potentially influence transparency standards in the industry.
Ray Dalio recommends modest Bitcoin allocation amid U.S. debt concerns
Bridgewater Associates founder Ray Dalio said investors should hold "a bit of Bitcoin" as a hedge against rising U.S. debt risks, citing recent Treasury-market stress as consistent with his debt-cycle framework. Dalio maintains gold remains his preferred inflation hedge but acknowledges Bitcoin's role in a diversified portfolio during fiscal stress.
Bessent's $4B Bond Buyback Fails to Lower Yields Amid Bitcoin Rally
Treasury Secretary Bessent's $4 billion bond buyback aimed to reduce yields but instead coincided with a bitcoin price surge, according to CoinDesk analysis. The failed yield-suppression attempt has implications for bitcoin and gold markets, as investors respond to shifting macroeconomic conditions rather than the buyback intervention.
Ethereum Shows Historic Accumulation Signals Amid Whale Activity
Ethereum's technical setup resembles historical patterns that preceded distribution phase endings, according to CryptoPotato analysis. Large holders continue accumulating millions of dollars in ETH, suggesting potential upside momentum ahead.
T. Rowe Price Files for Active Crypto ETF
T. Rowe Price has filed for an active cryptocurrency ETF, bringing renewed attention to multi-asset crypto fund structures. The filing signals institutional interest in actively managed crypto exposure as an alternative to passive spot Bitcoin and Ethereum ETFs.
S&P and Pantera Launch Crypto Index Based on Protocol Fundamentals
S&P Dow Jones Indices and Pantera Capital have launched a cryptocurrency index designed to track digital assets based on protocol fundamentals rather than market capitalization alone. The index represents an effort to create a methodology-driven benchmark for evaluating crypto assets, potentially offering investors an alternative weighting scheme for portfolio construction and performance measurement.
Term Finance suffers $8.5M loss in governance attack for 2 ETH
Term Finance lost $8.5 million after an attacker acquired governance voting power by spending just 2 ETH, then used those votes to authorize an exploit. The incident underscores vulnerabilities in DeFi governance mechanisms where voting power can be cheaply concentrated to enable major fund drains.
Ether Outperforms Bitcoin as ETH/BTC Forms Bullish Golden Cross
Ether has recently outperformed bitcoin, with the ETH/BTC trading ratio forming a bullish golden cross pattern, a technical indicator where a faster-moving average crosses above a slower one. The formation suggests potential for ether to extend its gains relative to bitcoin, though the analysis relies on chart-pattern interpretation rather than fundamental developments.
Hyperliquid Reports $67M Ethereum Short Position
Hyperliquid, a decentralized perpetual futures platform, has registered a $67 million Ethereum short position, according to NewsBTC analysis. The position illustrates a growing trend of institutional traders moving derivatives activity to on-chain platforms rather than centralized exchanges, signaling a shift in market structure toward decentralized infrastructure.
Marathon Bitcoin Mining Pilot Converts Utah Landfill Gas to Energy
Marathon Digital Holdings has launched a pilot project in Utah that harnesses landfill gas to power Bitcoin mining operations, demonstrating a practical application of waste-energy conversion in the sector. The initiative addresses environmental concerns surrounding cryptocurrency mining by repurposing gas that would otherwise be vented or flared, aligning operational energy use with waste-reduction objectives.
BlackRock, Coinbase back $15M Bitcoin quantum-security consortium
BlackRock, Coinbase, and seven other firms launched the Bitcoin Security Consortium on July 23 with $15 million in backing to fund developers and researchers addressing long-term quantum-computing threats to Bitcoin. The initiative aims to prepare the network against potential future attacks that could compromise approximately $460 billion in Bitcoin value.
Tesla books $112M crypto paper loss as holdings fall to $674M
Tesla recorded a $112 million cryptocurrency paper loss in Q2, reducing GAAP earnings by $87 million after tax as its digital asset holdings declined to $674 million. The company added back the pretax loss to adjusted EBITDA, treating the unrealized loss as a non-recurring item for profitability calculations.
SEC Settles FOIA Case for $150K, Releases Withheld Documents
The SEC agreed to pay $150,000 and release two previously withheld documents in a Freedom of Information Act settlement backed by Coinbase. The settlement also requires the agency to review records and text-message controls following recent legal losses during the Gensler administration.
Banks, Regulators Test Quantum-Resistant Crypto Wallets on NEAR
Banks and regulators have launched a cross-regional pilot program to test quantum-resistant wallets and digital asset transfers using a specialized NEAR testnet. The initiative addresses concerns about quantum computing threats to cryptocurrency security and appears to involve multiple jurisdictions in coordinated infrastructure testing.
BitMEX Sets Sept. 23 Shutdown Date, Reduce-Only Aug. 26
BitMEX announced a two-month withdrawal window ending September 23, with reduce-only trading beginning August 26. Active positions may face forced closure before the full exchange shutdown, giving traders a shorter deadline to exit leveraged trades compared to withdrawing remaining balances.
Bank of Russia Eases Qualified Investor Rules Ahead of Crypto Rollout
The Bank of Russia has opened a new domestic testing route for individuals to obtain qualified investor status, potentially allowing more Russians to access higher cryptocurrency purchase limits under the country's new regulated market framework. The move suggests the central bank is preparing infrastructure for its planned regulated crypto market launch.
SEC Settles Coinbase Dispute Over Missing Gensler Ethereum Texts
The SEC has agreed to pay a flat fee to resolve a two-year legal dispute with Coinbase over missing communications from former Chair Gary Gensler regarding Ethereum, according to a court status report. The settlement concludes litigation centered on what Gensler knew about the asset and whether the agency properly disclosed relevant documents during discovery.
Coinbase Enables AI Agents to Make Payments via x402 Protocol
Coinbase is rolling out a new feature this week allowing its Business users to accept payments from AI agents through the x402 protocol, which the exchange developed and incubated. The capability aims to streamline machine-to-business transactions.
Upbit, Bithumb flag SAND under caution after bridge exploit
South Korean exchanges Upbit and Bithumb designated The Sandbox's SAND token as a caution asset following unresolved security concerns from a cross-chain bridge incident. Upbit announced the measure on August 24, citing ongoing risks to investors from the exploit.
Bitcoin Weekend Volatility Liquidates $250M in Long Positions
A weekend price movement in Bitcoin triggered approximately $250 million in liquidations among overleveraged long traders. Open interest declined 2.65% with funding rates remaining near baseline, indicating that leveraged positions were cleared rather than rebuilt, suggesting weakness in trader appetite for bullish bets.
Tassat Launches Stablecoin Marketplace for Regional Banks
Tassat, a former Signet developer, plans to launch a marketplace in early 2025 connecting stablecoin issuers with regional banks to manage reserves. The platform aims to give smaller lenders access to the stablecoin market before larger Wall Street players consolidate the sector.
Grayscale Says Bitcoin May Have Bottomed, Awaiting Fed Direction
Grayscale suggests Bitcoin may have already reached its floor and argues the traditional four-year market cycle is no longer the primary driver of price action. The asset manager contends Bitcoin's recovery will now depend on macroeconomic conditions and the Federal Reserve's policy decisions rather than historical cyclical patterns.
Cardano, XRP Rise as Altcoins Attempt Market Recovery
Cryptocurrency market participants are observing a price turnaround in altcoins after an extended market downturn, with Cardano and XRP among the leading gainers this week. XRP, ranked fourth by market capitalization, is cited as particularly notable in the recovery attempt, though the article does not specify price movements or timeframes.
UN: Southeast Asian Scam Networks Cost Victims $114B Annually
The UN Office on Drugs and Crime warned that formerly separate criminal syndicates in Southeast Asia have consolidated into a unified, technology-driven network that relies heavily on cryptocurrency. The merged operation cost victims up to $114 billion in a single year, according to UNODC findings.
Bitcoin Holds $77K as Markets Await July PCE, GDP Data
Bitcoin is trading near $77,000 while market participants await July PCE inflation data, revised U.S. GDP figures, and Federal Reserve official Kevin Warsh's Jackson Hole keynote speech. These macroeconomic developments and policy signals are seen as potential catalysts for the next significant price movement.
Fake Hyperliquid Google Ad Linked to Inferno Drainer Steals 550K USDC
A Hyperliquid user lost approximately 550,000 USDC after clicking a fraudulent Google-sponsored advertisement that directed them to a counterfeit trading platform. Security firm Salus traced the theft infrastructure to the Inferno drainer ecosystem, a known credential-stealing malware operation.
Solana Validators Vote on Network Constitution and Fee Reforms
Solana validators are conducting votes through Thursday on three governance proposals: adoption of a network constitution, accelerated disinflation schedule, and transaction fee mechanism reforms. The votes represent significant structural decisions for the blockchain protocol.
Wintermute-linked wallet holds $10M XRP short on Hyperliquid
A wallet linked to trading firm Wintermute maintained a $10.19 million short position in XRP on Hyperliquid derivatives exchange, part of a $190.77 million total book. The position was noted amid broader XRP price movement.
Solana logs $1M+ daily network revenue, highest in six months
Solana recorded over $1 million in network revenue on August 19, marking its highest daily total in six months. The surge may increase staking yields and reduce SOL supply, potentially strengthening its competitive standing among Layer-1 blockchain networks.
Bitcoin Rally Reaches 20% as $71k Level Holds Key, Analysts Eye $82k
Bitcoin has rallied approximately 20% as traders monitor critical price levels, with $71,000 serving as a key support and $78,500 as resistance toward a potential move to $82,000. An analyst cited by CryptoPotato suggests the bear market may have ended, though the source does not provide specific methodology or timeframe for the thesis.
EVM Network Halts Block Production Following Supply Exploit
An EVM network halted block production following a supply exploit, with validators coordinating a response broader than a prior May bridge containment incident. The project has not disclosed the size of the affected supply or provided a restart timeline, while a TON connection remains offline.
South Korea accelerates Digital Asset Framework Act toward fall passage
South Korea's Financial Services Commission Chairman Kim Byoung-hwan announced the government will intensify consultations on its Digital Asset Framework Act, with lawmakers targeting completion this fall. The legislation aims to establish comprehensive regulatory guardrails for digital assets in one of Asia's largest crypto markets.
Bitcoin Holds $77K as Altcoins Consolidate Post-Rally
Bitcoin stabilized near $77,000 following a 22% weekly gain, while XRP and Zcash consolidated after significant rallies. Market attention shifted to Federal Reserve Chair Warsh's debut speech at Jackson Hole, signaling focus on macro policy developments.
RWA deposits surge to $7.4B amid broader DeFi decline
Real-world asset deposits tripled to $7.4 billion, driven by growth in tokenized asset trading and collateral use, according to Crypto.news. The increase occurred as overall DeFi market activity declined, suggesting a shift in capital allocation toward RWA products.
Bitcoin Posts Second-Best Week Since Early 2021 on ETF Inflows
Bitcoin surged this week, marking its second-strongest performance since early 2021, driven by U.S. Treasury buyback expectations, cryptocurrency ETF inflows, and dollar weakness. The rally reflects renewed institutional interest and macroeconomic tailwinds supporting digital asset prices.
Solana Daily Burn Reaches 87K SOL Amid Onchain Activity Spike
Solana experienced elevated onchain activity on August 21, with daily token burn reaching 87,000 SOL. The spike in network activity and burn rate may indicate growing user engagement, though the significance for future price dynamics remains uncertain.
Crypto Card Purchases Hit $1.03B in July, Up 16% Monthly
Crypto cards facilitated approximately $1.03 billion in stablecoin-funded purchases in July, marking a new monthly record and representing 16% growth from June volumes. The milestone reflects growing adoption of blockchain-based payment rails for consumer transactions.
Fed Study Links Bitcoin Rally Exposure to Crypto Adoption
A Federal Reserve experiment found that households shown bitcoin's prior-year returns were 23% more likely to report owning cryptocurrency in follow-up surveys, suggesting price performance drives retail adoption. The findings indicate that bitcoin rallies attract new entrants to crypto markets through awareness of past gains rather than underlying technology or use cases.
Bitcoin consolidates near $77K as traders book $1.72B profits
Bitcoin traded around $77,000 following a 23% weekly gain, its strongest performance since March 2023. Investors realized $1.72 billion in profits on Friday, the highest daily total since November 2024, while US spot Bitcoin ETFs recorded $1.92 billion in weekly inflows.
Bernstein Maintains $140 Circle Price Target Despite CLARITY Act Uncertainty
Bernstein reiterated an Outperform rating and $140 price target for Circle Internet Group, representing 59% upside from Friday's close of $87.98, saying USDC adoption will support the company regardless of whether the CLARITY Act passes Congress. The analyst expects stablecoin demand to drive value independent of regulatory clarity.
Germany Expands MiCA Lead With Six More Bank Crypto Licenses
Germany has extended its lead in EU MiCA authorizations as six cooperative banks obtained crypto asset service provider licenses, bringing the country's total to 79 licensed providers. The European Securities and Markets Authority updated its interim register to reflect the additions, reinforcing Germany's position as the bloc's crypto licensing hub.
Gemini, Apex Fintech in LOI for crypto prediction market venue
Gemini Space Station and Apex Fintech Solutions signed a letter of intent to make Gemini Titan the exclusive regulated venue for crypto prediction contracts distributed to brokerage customers through Apex's futures commission merchant, the companies announced Monday.
Aave commands 63% of $6.1B stablecoin TVL across DeFi
Aave holds 63% of the combined $6.1 billion total value locked in USDT and USDT0 across DeFi protocols, according to Crypto Briefing. The concentration raises risk concerns, as a vulnerability or regulatory action against Aave could destabilize stablecoin liquidity markets.
Bitcoin market cap up $416B in 9 weeks amid Treasury shift
Bitcoin's market capitalization increased by $416 billion over a nine-week period, attributed partly to shifts in U.S. Treasury policy. The rally reflects changing investor appetite for risk assets and may influence global asset allocation strategies.
Tokenized commodities surge $298M while broader RWA sector declines
Tokenized commodities market capitalization increased by $298 million over the past week, contrasting with a $211 million decline across the broader real-world asset (RWA) sector. The divergent performance highlights volatility within tokenized asset categories and underscores the importance of understanding individual asset class dynamics in the RWA market.
BNB reclaims $700 support, targets $734 on hard fork momentum
BNB traded near $704 on August 24, up nearly 16% over seven days, buoyed by broader crypto market strength and anticipation of the upcoming Pasteur hard fork. The token reclaimed $700 support level with buyers controlling price action ahead of the protocol upgrade.
Senate scheduled to vote on Digital Asset Market Clarity Act
The U.S. Senate is scheduled to vote on the Digital Asset Market Clarity Act on September 15, according to Crypto Briefing. The vote outcome remains uncertain and could affect regulatory clarity and market stability for digital assets going forward.
MicroStrategy Adds $1.9B to USD Reserve Without Bitcoin Purchase
MicroStrategy announced a $1.9 billion addition to its USD reserve holdings while making no new Bitcoin purchases, despite the company's BTC position turning profitable. The move comes hours after executive Michael Saylor characterized Bitcoin's core value as converting economic energy into digital form.
Strategy raises $2B in stock sales, maintains 840K Bitcoin holdings
Strategy raised approximately $2 billion through common stock sales and increased its cash position to $6.69 billion while keeping Bitcoin holdings static at 840,447 BTC, according to an SEC filing. The company did not use the capital raise for additional Bitcoin purchases despite rising prices.
Hyperliquid Policy Center seeks regulatory framework for equity perps
Hyperliquid Policy Center has petitioned the SEC and CFTC to permit qualifying equity perpetual contracts to operate as security futures in the U.S. The request follows $480 billion in notional trading volume on HIP-3 markets during their first 10 months of operation.
Analyst Predicts 80% Gains for Coinbase Stock
An analyst forecast nearly 80% upside for Coinbase stock, citing the exchange's diversification into stablecoins and subscription services as buffers against cryptocurrency market volatility. The prediction suggests long-term valuation could strengthen despite current market turbulence.
CleanCore Solutions exits $33.4M Dogecoin position for AI pivot
CleanCore Solutions has sold approximately 463 million Dogecoin for $33.4 million, redirecting proceeds toward AI infrastructure investments. The sale coincides with a $100 million stock offering that has more than doubled the company's outstanding share count, marking a strategic shift away from its cryptocurrency holdings.
Solflare integrates PhoenixTrade Perps on Solana
Solflare, a Solana wallet, has integrated PhoenixTrade Perps to expand leveraged trading access within the Solana ecosystem. The integration may increase ecosystem engagement, though its effect on SOL token price remains uncertain given current cautious market conditions.
Metaplanet's Super League raises $2.3M in ATM offering
Metaplanet raised $2.3 million through an at-the-market (ATM) offering as part of its Bitcoin treasury expansion strategy. The offering supports the company's strategic move into US markets and broader corporate cryptocurrency investment positioning.
Treasury's $935B cash pile signals potential liquidity boost for risk assets
The U.S. Treasury holds $935 billion in cash, with potential to inject liquidity into financial markets and boost risk assets including cryptocurrencies. Crypto markets have responded positively to expectations of increased liquidity, though analysts flag fiscal risks if the Treasury's strategy is reversed unexpectedly.
EIP-8130 Proposed to Simplify Ethereum Account Abstraction
EIP-8130, a new Ethereum Improvement Proposal, has been proposed as a simpler model for account abstraction that aims to enhance cross-chain compatibility and reduce transaction costs. The proposal represents an effort to streamline Ethereum's account abstraction implementation.
Bitcoin IRA, iTrustCapital report data breaches linked to threat actor
Bitcoin IRA and iTrustCapital disclosed data breaches attributed to threat actor Tiffanny Milanovich, according to Crypto Briefing. The incidents underscore cybersecurity vulnerabilities at crypto custodial platforms and raise questions about investor asset protection in the sector.
QuickSwap lifetime volume on Base passes $600M milestone
QuickSwap's decentralized exchange has processed over $600 million in lifetime trading volume on the Base blockchain, according to Crypto Briefing. The milestone underscores the DEX's success in executing a multi-chain expansion strategy and sustaining user engagement across multiple networks.
Druckenmiller Takes $23M Stake in Hyperliquid Token Holder
Billionaire investor Stanley Druckenmiller has acquired a $23 million stake in a company holding Hyperliquid tokens, according to Crypto Briefing. The investment signals institutional interest in digital-asset infrastructure and reflects a broader trend of traditional finance figures integrating cryptocurrency holdings into equity portfolios.
MicroStrategy Becomes 10th-Most Traded US Stock by Volume
MicroStrategy (MSTR) has surpassed Microsoft and Meta to rank as the 10th-most traded stock on US exchanges, driven by speculative interest in its role as a Bitcoin proxy. The surge in trading volume reflects investor appetite for cryptocurrency exposure through equities, though analysts note the position carries risks tied to Bitcoin's inherent volatility.
Bitcoin rallies 20%, Ethereum surges 30% on yield decline and short liquidations
Bitcoin climbed over 20% to approach $80,000 and Ethereum gained roughly 30% in its strongest weekly advance since May 2025, driven by falling Treasury yields, renewed US crypto optimism, and short liquidations. The rally attracted $2.6 billion in ETF inflows, though Michael Saylor sat out the Bitcoin move while Tom Lee purchased Ethereum.
Bitcoin Approaches $80K on ETF Inflows, Strongest Week Since October
Bitcoin surged past $79,900 on Monday, trading up more than 2% in 24 hours, as U.S. spot bitcoin ETFs recorded their best week since October. The cryptocurrency approached the $80,000 level amid sustained inflows into exchange-traded products tracking the asset.
Fed Study: Bitcoin Price Gains Drive Retail Investor Adoption
A Federal Reserve Bank of Cleveland experiment found that participants shown Bitcoin's 12-month performance history became more bullish on crypto and were approximately 2.5 percentage points more likely to own it in a subsequent survey. The research suggests past price gains lift return expectations and encourage new entrants into cryptocurrency markets.
Zcash surges 62% to $880 ahead of issuance governance vote
Zcash (ZEC) jumped 62% to $880 as the network prepares for a holder vote on modifying token issuance mechanics scheduled for August 25 to September 14. Holders must possess spendable shielded ZEC in the Ironwood snapshot before the poll to participate in the governance decision.
BitMart Plans Reopening While Withdrawal Halt Remains Unresolved
BitMart announced plans to revive operations, but has not lifted its trading halt or addressed the underlying withdrawal issues that prompted the suspension. The exchange's reopening timeline remains unclear pending resolution of the withdrawal question that triggered the initial operational pause.
XRP plunges 37% in Bitstamp flash crash amid liquidation wave
XRP experienced a sharp 37% crash in a single candle on Bitstamp while other exchanges like Kraken and OKX showed smaller price movements, suggesting a localized liquidity event. Despite the volatility, $3.66 billion in XRP open interest remained after the liquidation wave, indicating the broader market absorbed the sell pressure without cascade effects.
EntropyIO relaunches Anthropic pre-IPO markets on Hyperliquid
EntropyIO has relaunched Anthropic pre-IPO trading markets on the Hyperliquid platform. The move could increase speculative activity around AI-sector investments and affect market perception of technology sector growth potential.
Bitcoin Traders Monitor Fed's Kevin Warsh Jackson Hole Keynote
Bitcoin traders are watching Kevin Warsh's upcoming keynote address at Jackson Hole, marking his first speech in a Federal Reserve role. The event is being monitored by crypto markets for potential policy signals that could influence asset valuations.
BounceBit Chain Halts After Authorization Flaw Exposes 286M Tokens
BounceBit's chain has shut down following an authorization vulnerability that exposed 286 million tokens, according to CryptoSlate. The network is conducting a 1:1 token reissue while suspending gas, staking, rewards, and governance functions pending a redesigned economic model.
Coinbase launches tokenized stocks on Base network
Coinbase has launched tokenized versions of Apple, Nvidia, Meta, and Alphabet on its Base network, entering the growing market for blockchain-based equities. The tokens are issued under Coinbase's new Abu Dhabi regulatory framework, positioning the exchange alongside other platforms developing tokenized securities infrastructure.
Stand With Crypto Backs 32 House Incumbents in 2024
Stand With Crypto, a political advocacy group that rates lawmakers' crypto-friendliness, announced support for 32 U.S. House incumbents, with additional endorsements expected. The group evaluates politicians based on their positions toward the cryptocurrency industry.
Ethereum Developer Proposes ERC-8391 Status Interface for Tokenized Assets
Eric Conner has proposed ERC-8391, a common status interface for tokenized assets, to address the mismatch between continuous onchain trading and NYSE's limited 32.5 weekly trading hours. The proposal aims to distinguish between legitimate market closures and data feed failures, according to EthHub founder reporting.
89% of Banks Fund Digital Asset Initiatives; Only 16% Deployed
A significant gap exists between banking sector funding commitments and actual digital asset product launches, with 89% of banks investing in initiatives but only 16% having shipped live offerings. The disparity reflects execution challenges and growing competitive pressure from fintech firms entering the digital asset space.
Tron Inc. Expands TRX Treasury Holdings to $245M
Tron Inc. has increased its TRX treasury to $245 million, according to NewsBTC reporting on the Nasdaq-listed company's cryptocurrency holdings expansion. The move represents a continued corporate bet on its native token as part of the organization's treasury strategy.
Zilliqa Reports 683M ZIL Theft Linked to Hardware Wallet Entropy Flaw
Zilliqa identified a hardware wallet vulnerability that discarded entropy, exposing private cryptographic keys and enabling the theft of 683.13 million ZIL tokens. The post-mortem analysis revealed the flaw while noting that bulk scanning procedures omitted a four-signature verification threshold, contributing to the security breach.
Hyperliquid Token Hits Record High Before $1.2B Unlock
Hyperliquid's native token reached an all-time high as the platform approaches its largest remaining token unlock event, which will release $1.2 billion in supply. The timing of the price surge ahead of the major unlock—typically a bearish catalyst—marks an unusual market dynamic for the exchange token.
Zcash Reaches Eight-Year High Amid Surging Futures Interest
Zcash (ZEC) broke above $880, hitting an eight-year price high. Open interest in perpetual futures contracts climbed to $1.8 billion, nearly doubling from prior levels. The surge reflects increased derivative speculation and bullish sentiment around the privacy-focused cryptocurrency.
CME Group Launches ENA Reference Rates Across Three U.S. Regions
CME Group has added three regional USD reference rates and real-time indices for Ethena's ENA token, with daily publication beginning August 24. The move provides institutional pricing infrastructure for the ENA token across multiple U.S. market closes.
Bitcoin Approaches $80,000 as Analysts Watch for Pullback
Bitcoin neared $80,000 as analysts monitored consolidation patterns and thin trading conditions above that level. Observers suggested that a near-term pullback could strengthen the longer-term rally, while sparse liquidity at elevated prices may trigger sharper price movements in either direction.
UK Banks Blocking 40% of Bitcoin Transfers, Policy Group Warns
Bitcoin Policy UK told Parliament that approximately 40% of bank-to-exchange transfers are being blocked by UK banks. The claim highlights ongoing restrictions on crypto market access in Britain, though the source does not detail the methodology behind the 40% figure or bank responses.
Strive Stock Surges on 1,110 Bitcoin Purchase
Nasdaq-listed Strive completed its largest bitcoin acquisition in months, purchasing 1,110 BTC. The company's stock price rose following the announcement of the buy.
Bitmine Purchases $81M in ETH, Largest Weekly Haul Since July
Tom Lee's treasury firm Bitmine acquired $81 million in ether this week, its largest weekly purchase since early July, according to CoinDesk. Lee attributed the buying spree to ether's 30% weekly rally, suggesting the move could signal a larger price movement ahead for the asset.
Ledger CTO discusses NIST post-quantum signatures impact on Bitcoin, Ethereum
Ledger's CTO outlined implications of NIST's standardized post-quantum cryptographic signatures for blockchain security. The adoption of post-quantum cryptography could reshape transaction costs and necessitate user adaptation across Bitcoin and Ethereum networks.
Solana Company Opposes Faster Disinflation Amid Staking Yield Concerns
Solana Company has announced opposition to accelerated disinflation on the Solana network, a move that could reduce staking yields. The treasury firm is reportedly defending revenue streams that represent 99.4% of its income, though native stakers retain the ability to override validator defaults through the network's governance mechanisms.
Bitcoin Gains Amid Dollar Weakness, Treasury Buybacks
Bitcoin and gold rallied as the U.S. dollar weakened following expanded Treasury bond buybacks, according to analysts cited by Decrypt. The moves reflect market concerns about U.S. fiscal policy and suggest investors are positioning assets as a hedge against dollar depreciation.
MicroStrategy Raises $2B via Stock Sale, Pauses Bitcoin Buying
MicroStrategy raised $2 billion through a secondary stock offering and established a liquidity reserve that could be deployed toward future Bitcoin purchases. The company has not acquired Bitcoin since June, signaling a pause in its aggressive accumulation strategy that previously made it one of the largest corporate holders.
Bitcoin Hits $78k as Weekly Gains Reach Record Notional Value
Bitcoin surged to $78,000, closing its largest weekly candle in notional value on record, according to Decrypt. The rally extended to altcoins, with 10 leading tokens posting gains exceeding 50% in the market rebound.
Goldman Sachs discloses $87M XRP ETF holdings in Q2 filing
Goldman Sachs reported $87 million in combined holdings across five XRP exchange-traded funds in its second-quarter regulatory filing. The disclosure marks a notable institutional investment in XRP-linked products, though the source attribution and timing of the positions remain undocumented in the brief.
Ripple Prime's $275M Notes Rely on Parental Support, Not XRP Pledge
Ripple Prime's $275 million BBB-rated notes depend on expected support from parent Ripple Labs rather than a documented escrow of XRP tokens, according to 99Bitcoins. The distinction raises questions about the actual backing and security of the debt instrument.
US Treasury targets Iran crypto sector in sanctions push
The U.S. Treasury Department launched Operation Economic Outcast to target Iran's international financial links, including cryptocurrency activity that officials say facilitates sanctions evasion and supports the Islamic Revolutionary Guard Corps. The operation represents a regulatory escalation against crypto use in circumventing U.S. sanctions on Iran.
Solana Simulation Evaluates SGP-03 Fee Impact on Apps
A simulation analysis examined how Solana's proposed SGP-03 fee model would affect major applications and routers on the network. The new fee structure could incentivize efficiency improvements but may increase costs for high-volume applications, potentially reshaping Solana's economic model and user expenses.
EU Sanctions Force Unnamed Crypto Platform to Withdrawal-Only Mode
An unidentified cryptocurrency platform has entered withdrawal-only status following EU sanctions, with Bitcoin mainnet and TRC-20 USDT withdrawals remaining operational as of August 23. Users have been advised to withdraw funds immediately, though the platform's current operator remains publicly unnamed.
Robinhood Chain trails Base in valuation despite strong user growth
Robinhood Chain's valuation lags behind Coinbase's Base layer-2 network in early growth metrics, though user numbers suggest momentum. The chain's heavy reliance on memecoin activity presents tension with its stated ambition to become an infrastructure platform for tokenized finance.
Net Taker Volume Surges to $3B as Buying Outpaces Selling
Crypto markets recorded a net taker volume surge to $3 billion, marking the first time buying activity has outpaced selling on an aggregate basis. The metric signals increased trader urgency and may indicate a potential shift in market momentum that could precede significant price movements.
Fidelity ETFs Gain Permission to Stake 100% of Holdings
Fidelity's Solana and Ethereum ETFs (FSOL and FETH) have received authorization to stake up to 100% of assets, with FSOL already staking 99.64% as of June 30. The firm disclosed risks including unpredictable exit timelines from Ethereum's staking protocol, a material consideration for fund liquidity and redemption operations.
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