Crypto Briefs
Short updates on stories reported by a single outlet so far — summarized in a few sentences, always linking the original reporting. Stories picked up by more publications get full articles.
Monday, August 24, 2026
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.
Read the original at CoinDeskeCash 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.
Read the original at CryptoSlateFasset 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.
Read the original at Crypto BriefingUpbit 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.
Read the original at Crypto.newsTether 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.
Read the original at Crypto.newsPhantom 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.
Read the original at Crypto.newsXRP 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.
Read the original at 99BitcoinsTesla 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.
Read the original at 99BitcoinsPendle'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.
Read the original at Crypto BriefingNasdaq-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.
Read the original at DecryptRipple 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.
Read the original at CoinDeskDogecoin, 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.
Read the original at CoinDeskTRON 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.
Read the original at BitcoinistSolana 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.
Read the original at BitcoinistFranklin 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.
Read the original at BitcoinistXRP 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.
Read the original at BitcoinistHoskinson 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.
Read the original at CryptoPotatoDEX 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.
Read the original at CryptoPotatoPi 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.
Read the original at CryptoPotatoEthereum 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.
Read the original at CryptoPotatoAbraxas 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.
Read the original at Crypto BriefingPolymarket 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.
Read the original at DecryptBitMEX 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.
Read the original at CryptoSlateTreasury 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.
Read the original at Crypto BriefingMirae 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.
Read the original at Crypto.newsState 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.
Read the original at Bitcoin MagazineCrypto 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.
Read the original at Bitcoin MagazineNational 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.
Read the original at Bitcoin MagazineFidelity 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.
Read the original at Bitcoin MagazinePoolin 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.
Read the original at Decrypt