Crypto Markets & On-Chain Ecosystem Developments

Gate News reports that on August 20, according to Gate market data, MAGMA (Magma Finance) is trading at $0.23, up 36.12% over the past 24 hours. It reached a high of $0.25 and a low of $0.16, with 24-hour trading volume totaling $310.7k. Its current market cap is approximately $43.8615 million. Magma Finance is Sui’s liquidity hub and has launched the first fully Move-based adaptive liquidity market maker (ALMM). Its ALMM architecture is designed to fully unlock the potential of on-chain liquidi

According to Yonhapnews, BitGo Korea completed registration as a virtual asset service provider (VASP) with South Korea's Financial Intelligence Unit (FIU) on August 18, becoming the first foreign cryptocurrency firm to directly obtain the license in South Korea. The BitGo subsidiary, established in

According to Odaily, Robinhood CEO Vlad Tenev urged President Trump this morning at a White House crypto conference to relax regulations on tokenization. Tenev stated that Robinhood is expanding U.S. asset ownership through tokenization to users across 120+ countries, yet American investors are

CFTC Chair Michael Selig said today at a White House crypto meeting that the agency's Innovation Advisory Committee will hold its inaugural meeting tomorrow, where it will share additional details on the regulatory pathway going forward. The pathway is designed to provide greater certainty for

U.S. Office of the Comptroller of the Currency (OCC) Comptroller Jonathan Gould said at the Wyoming Blockchain Symposium on Aug. 19 that the OCC will release its final rules for payment stablecoins by November and expects regulators to begin accepting applications from stablecoin issuers as early as 2027. Gould’s statement provided an update on the progress of the OCC’s 376-page notice of proposed rulemaking (NPRM), released in February. Background on the OCC’s GENIUS Act Rule Proposal In Februa

According to ChainCatcher, Honeypot Finance has completed its acquisition of Play402, a decentralized lottery protocol. Play402 operates on a low-cost entry model, offering users 100 tokens and one pool lottery ticket for 1 USDC, with on-chain verifiable mechanisms. The acquisition expands Honeypot

According to ASIC, in fiscal 2026, Australia's securities watchdog shut down over 3,100 crypto investment scam platforms, up approximately 30% from the prior fiscal year. The regulator revealed that fraud rings are systematically exploiting generative AI technology, using deepfake videos

Standard Chartered Bank and HSBC have completed the first cross-border transaction involving tokenized deposits on Swift’s blockchain ledger, Swift Ledger, successfully enabling interoperability between the two banks’ respective tokenized deposit systems. The transaction took place only about one month after Swift announced in July that its blockchain ledger was available for initial use. In July, Swift announced that 17 banks across six continents were preparing to pilot real-world cross-border

BitMEX co-founder Arthur Hayes published an article titled “The Book of Genesis” on August 20, detailing Flop Labs’ core principles and tokenomics. Flop Network miners can earn $FLOP rewards and inference fees by providing “Proof of Useful Inference” (PoUI), while testnet participants will receive approximately 20% of the token supply over ten years. The Market Gap Identified by Hayes: The AI Market Lacks a Unified Standard for Pricing Computing Power In the article, Hayes described the core mar

According to Ondo Finance, Ondo Perps open interest has surpassed $100 million since its July launch, with particularly strong growth in recent weeks. The platform has also ranked among the top three global RWA perpetual trading platforms on DefiLlama, demonstrating market demand for RWA

According to Strategy, shares of MicroStrategy (MSTR) rose more than 3% in the overnight session late Wednesday as Bitcoin surged above $69,000 for the first time since early June, and major institutional investors expanded their positions in the second quarter. Twelve of the top 15 institutional s

Gate News reports that on Aug. 20, according to Gate market data, NAWS (NAWS.AI) was trading at $0.00326 as of press time, up 62.11% over the past 24 hours. It reached a high of $0.00326 and a low of $0.002, with 24-hour trading volume totaling $3,903.81. Its current market capitalization is approximately $6.5135 million. NAWS is an AI-powered, no-code platform that enables users to sell Web2 and Web3 content and DePIN credentials. Its P2P crypto payment system uses a DEX AI aggregator to facili

According to Coinglass data cited by ChainCatcher, whale addresses on Hyperliquid hold $5.517 billion in total open positions as of August 20, with a long-to-short ratio of 0.98. Long positions account for $2.727 billion (49.42% of total whale holdings), while short positions total $2.79 billion (5

According to Gate data, Korean payment and fintech stocks linked to stablecoins surged today (August 20). Kakao Pay rose 10.91% to 4,575 won, The Zone climbed 10% to 2,090 won, NHN KCP advanced 9.76% to 14,840 won, Hecto Financial jumped 20.49% to 22,350 won, and Danal gained 11.73% to 5,190 won. T