Crypto Markets & On-Chain Ecosystem Developments

According to Lookonchain, an anonymous wallet purchased 5,000 ETH worth $9.53 million on August 19, hours before the White House crypto meeting, and immediately staked the entire position. Rather than selling to capitalize on potential price swings from the meeting, the trader locked the tokens

X Layer launched a five million dollar RWA liquidity incentive program designed to deepen on-chain liquidity for tokenized real-world assets across its network. The first round of the program is underway with a three hundred thousand dollar budget, split between two tracks: two hundred thousand doll

According to on-chain analyst Ai Yi, trader Trader-DoshiAtoll faced liquidation risk on Aug 20 with a short position of 1,200 BTC at 40x leverage, originally opened at $66,891.7 per BTC. The position showed a floating loss of $5.336 million with only $113 of safety margin remaining before forced liq

Korea Easy Payment Agency (한결원) signed a memorandum of understanding with LINE NEXT and ICBC on the 20th to introduce stablecoin payments into the ZeroPay merchant network. The partnership aims to improve payment convenience for foreign visitors to Korea by enabling offline payments at ZeroPay merch

According to MetaversePost, X Layer launched a $5 million real-world asset liquidity incentive program today, August 20. The first round distributes $300,000 across Uniswap pools: $200,000 for RWA-stablecoin pairs and $100,000 for RWA-ecosystem token pairs. Liquidity providers earn rewards

According to the Korea Payment Service Promotion Institute on August 20, the organization partnered with LineNext and ICB to integrate stablecoin payments into ZeroPay, a digital payment platform. Foreign visitors can now make offline purchases at approximately 2.2 million ZeroPay merchants using Li

According to Brett Redfearn, president of Securitize, the U.S. Securities and Exchange Commission withdrew its crypto innovation exemption rules last Friday due to concerns over an upcoming vote on the CLARITY Act. Redfearn expects the rules to be reintroduced in early October, following a Senate vo

According to Mike Cagney's announcement on X on August 20, the SoFi and Figure co-founder launched The Wallet Co, a mobile application combining fintech usability with self-custody, blockchain-native features, and AI agents. The platform will offer yield-bearing cash products, tokenized real-world a

Gate News bot message: Gate market data shows BTC breaking above 71,000 USDT, currently priced at 71,035.4 USDT.

Gate News bot message: According to Gate market data, BTC is up 10.11% over the past 24 hours, with the current price at 70,803 USDT.

Gate News bot message: Gate market data shows BTC has broken above 70,000 USDT, currently priced at 70,038.1 USDT.

Gate News bot message: Gate market data shows CRCLG is up 14.55% over the past 24 hours and is currently priced at 81.68 USDT.

Tether would need to restructure approximately one-quarter of its roughly $190 billion reserve portfolio backing USDT to satisfy the U.S. GENIUS Act's reserve-asset requirements, based on the stablecoin issuer's disclosed holdings as of June 30 and the assets permitted under the new federal

According to Tether's latest disclosed holdings as of June 30, approximately $47 billion of its roughly $190 billion reserve portfolio does not qualify under the U.S. GENIUS Act's reserve-asset requirements, representing about 25% of total reserves. The non-compliant assets include approximately $1