Crypto Markets & On-Chain Ecosystem Developments

South Korea's Ministry of Economy and Finance and National Tax Service announced on August 20 that digital assets held in personal wallets and overseas exchanges are subject to taxation if they generate income through transfer or lending activities. The taxation will be classified as

The Australian Securities and Investments Commission (ASIC) removed 3,106 fraudulent cryptocurrency investment platforms during FY26, marking a near-30% increase from the previous financial year, the regulator announced Aug. 17. The surge is driven by criminals deploying generative AI, deepfake

According to ASIC's Aug 17 fiscal year 2026 release, the Australian Securities and Investments Commission removed 3,106 fraudulent cryptocurrency investment platforms during FY26, a near-30% increase from FY25. Total online scam takedowns surged 182% to more than 19,400 across the year,

In the early hours of August 20 Beijing time, data released by the U.S. Treasury showed that total federal government debt had officially surpassed the $40 trillion mark, reaching $40.05 trillion. During nearly the same time window, Gate market data showed that Bitcoin had returned above $70k for the first time since June 2, reaching a high of $70,055.2, with a 24-hour gain of 8.47%. Source: Gate market data This is not simply a market coincidence. For a long time,

According to HTX, Bitcoin broke $70,000 for the first time, trading at $69,878 with a 24-hour gain of 8.5%.

According to ChainCatcher, crypto options with a nominal value of $1.82 billion expire tomorrow (August 21). Bitcoin options account for $1.57 billion with a maximum pain point of $66,000 and a put-to-call ratio of 0.65, while Ethereum options total $250 million with a maximum pain point of $1,950 a

According to ChainCatcher, at the 2026 Wyoming blockchain conference, industry leaders including Global Settlement Network CEO Ryan Kirkley warned that AI agents could enable hackers to breach Wi-Fi networks, passwords, and wallets at unprecedented scale, making current billion-dollar-level crypto a

BitGo Korea, the Korean subsidiary of global digital asset infrastructure firm BitGo, received Virtual Asset Service Provider (VASP) registration approval from the Financial Intelligence Unit (FIU) under South Korea's Financial Services Commission on August 20. This marks the first time a global dig

According to BlockBeats citing Coinglass data, over $3.024 billion in positions were liquidated across crypto markets in the past 24 hours on August 20, with short liquidations accounting for $2.77 billion and long liquidations for $252 million. Global crypto exchanges recorded 171,045 liquidated

According to BlockBeats citing TradingBeats data, on August 20, address 0x6666...23f5 held 450,000 HYPE long contracts worth approximately $32.49 million on Hyperliquid with unrealized gains of $14.58 million. The position was established at an average entry price of $39.81 using 10x leverage, with

DigiFT, a digital asset exchange holding regulatory licenses from the Monetary Authority of Singapore (MAS) and Hong Kong's Securities and Futures Commission (SFC), signed a strategic memorandum of understanding (MOU) with Arco, an institutional on-chain infrastructure provider, on the 20th. The

Polymarket, an overseas prediction market platform, had its access blocked in South Korea as of the 20th (Korean time), two days after the Korea Communications Standards Commission (방송미디어통신심의위원회) voted to block the site on the 18th (Korean time). The regulator determined Polymarket constitutes

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