Crypto Markets & On-Chain Ecosystem Developments

Kakao Pay and Kakao stocks rose sharply on the morning of the 20th following US President Donald Trump's call for congressional passage of the CLARITY Act digital asset legislation. As of 10:55 AM on the 20th, Kakao Pay

Spot bitcoin exchange-traded funds in the U.S. reported $517.19 million in net inflows on Wednesday, marking the largest single-day inflow since May 4. Eight of 12 bitcoin ETFs recorded net inflows, led by BlackRock's IBIT with $284.7 million, Ark & 21Shares' ARKB with $77.7 million, and Fidelity's

IQ launched the 'KRWQ Gift Service' on the 20th, allowing global users to send Korean gift cards via the KRWQ stablecoin on Base network. The service eliminates the need for a Korean bank account, with gift cards delivered to recipients immediately after payment completion. Korea has a world-class g

According to Farside Investors, spot Bitcoin ETFs recorded $164.2 million in net inflows on August 19, extending their positive streak following $297.5 million on August 17 and $189.3 million on August 18. ARK 21Shares' ARKB led the inflows with $77.7 million, followed by Bitwise's BITB at $35.6 mil

According to South Korea's Financial Supervisory Service (FSC), the regulator launched an AI-powered market surveillance system on August 20 to detect unfair trading in digital assets in real-time. The system combines generative AI and machine learning algorithms to identify suspicious

According to DigiFT and Arco, the two companies signed a memorandum of understanding (MOU) today (August 20) to expand tokenized real-world asset (RWA) distribution to institutional investors across Asia. DigiFT, which holds regulatory licenses from Singapore's Monetary Authority (MAS) and Hong

On August 20, Polymarket users in South Korea faced access restrictions displaying an HTTP 451 error—a status code used to indicate content blocked for legal reasons. The action follows the South Korea Broadcasting-Communication Ethics Committee's decision on August 18 to block the prediction market

According to IQ, the issuer of KRWQ stablecoin, the company launched "KRWQ Gift" service today (August 20), enabling users worldwide to send gift cards to recipients in South Korea using KRWQ on the Base network. The service requires no Korean bank account; users purchase gift cards denominated in K

According to HyperliquidNews, TradeXYZ reached $500 billion in trading volume in just under 9 days, with the platform adding $25 billion in new trading volume in that timeframe. The exchange achieved this milestone significantly faster than its earlier pace, when it took 107 days to reach the

According to Odaily, Japanese bitcoin treasury company Remixpoint updated its crypto asset valuation today, reporting overall unrealized gains of approximately 423 million yen, improving by about 237 million yen since the end of June. Bitcoin holdings alone contributed approximately 433 million yen

According to BlockBeats, Strategy's bitcoin holdings saw unrealized losses narrow to 7.53% ($4.77 billion) on August 20, as BTC rallied to $69,711 on HTX. The position, which previously posted losses exceeding $10 billion, holds 840,447 BTC with a total cost basis of $63.36 billion.

According to Bloomberg, President Donald Trump stated on Wednesday at a White House crypto meeting that CFTC Chairman Michael Selig is working to bring Hyperliquid into the United States in a "fully compliant and legal fashion." HYPE traded at $69.11 on Thursday, up 18.41% in 24 hours, CoinGecko

The US Securities and Exchange Commission has proposed the first crypto-specific regulatory framework under President Donald Trump's administration, according to the proposal. The framework includes two capital-raising exemptions: eligible companies may offer up to $5 million in tokens over four

According to Foresight News, Ethereum Foundation member Binji Pande has joined Ethlabs as a founding member. Ethlabs is a non-profit Ethereum research and development laboratory aimed at advancing Ethereum development.

According to BlockBeats, citing TradingBeats monitoring data, trader Maji has begun reducing HYPE long positions over the past hour on August 20. The 10x HYPE long position had accumulated $162,000 in unrealized

According to The Energy Mag, Bitcoin miner-turned-AI infrastructure provider Ionic Digital reported Q2 revenue of $48.6 million, up 31% year-over-year, with AI infrastructure rentals contributing $43.8 million (90% of total). Bitcoin mining revenue declined to $4.8 million from $37.2 million in

According to Trader T, Ethereum spot ETFs saw net inflows of $189.1 million on August 19, marking the highest single-day total in nine months. BlackRock's ETHA led inflows with $122.1 million, followed by Fidelity's FETH at $36.54 million and Grayscale Mini's ETH at $16.04 million. BlackRock