Crypto Markets & On-Chain Ecosystem Developments

The Crypto Innovation Council and Blockchain Association have filed a lawsuit challenging Illinois' new digital asset tax, arguing it violates the U.S. Constitution and discriminates against digital assets. The 0.2% tax on digital asset transactions is projected to generate $60 million in state

Gate News bot message: Gate market data shows ETH has risen 10.01% in 24 hours, with its current price at 2544.38 USDT.

According to Fox Business, a series of crypto policy activities took place this week in Washington, breaking the typical August lull. Trump is pushing the Crypto Market Structure Act while U.S. regulators are advancing their crypto rule-making

According to HyperliquidNews, PURR (@HypeStrat) mNAV has risen to 1.17, reaching its long-term high level.

Gate News bot message: Gate market data shows ETH has broken above 2,500 USDT, currently priced at 2,504.22 USDT.

From 21:15 to 21:30 UTC on August 21, 2026, ETH/USDT rose sharply over the 15-minute period, with gains reaching 1.23%. The price ranged from 2,444.63 to 2,489.25 USDT, representing an amplitude of 1.82%. Market volatility intensified, while trading activity increased significantly. The main drivers of this move were an improving macro environment and continued institutional-grade capital inflows into the Ethereum ecosystem. On the one hand, increased buybacks of long-term Treasury bonds by the

Coinkite released security firmware updates for its Coldcard Bitcoin hardware wallets on Thursday following a seed-generation flaw that enabled attackers to steal more than $130 million in Bitcoin. The company urged Coldcard Mk4, Mk5, and Q users to upgrade to firmware 5.6.1 or 1.5.1Q after a

Bitcoin gained 24.47% over the past week, reaching $79,478.23 on August 21 (Beijing time 16:30), approaching the $80,000 psychological level and marking its largest weekly advance since March 2023. The

According to Coinkite, the Bitcoin hardware wallet maker released firmware 5.6.1 on Thursday to address a seed-generation flaw that exposed users to over $130 million in Bitcoin thefts. The vulnerability, present since 2021, generated wallet seeds with insufficient randomness, allowing attackers to

According to Standard Chartered analyst Geoff Kendrick, Bitcoin rallied more than 20% to above $79,000 on August 21, following the U.S. Treasury's announcement on August 19 to at least double longer-dated government bond buybacks. Kendrick, in a note shared with Cointelegraph on August 21, said

Gate market data shows that BTC has broken above 78,000 USDT and is currently priced at 78,082 USDT.

According to ChainCatcher, ETH/USDT hit $2,452.93 on August 21, 2026, based on Gate's market data. The asset surged 5.75% over the past 24 hours.

According to BitcoinTreasuries.NET, Ionic Digital, a publicly listed Bitcoin mining company, added 21 bitcoins, bringing its total holdings to 2,882 BTC and ranking it 29th globally in corporate Bitcoin holdings.

From 20:15 to 20:30 (UTC) on August 21, 2026, ETH posted a short-term 0.80% gain over 15 minutes, with its price ranging from 2,425.92 to 2,447.85 USDT and an amplitude of 0.90%. Market volatility intensified, while trading activity increased significantly. The primary drivers of this move were an improving macroeconomic environment and continued institutional inflows. At the macro level, increased purchases of longer-term Treasuries by the U.S. Treasury pushed Treasury yields lower and weakened

According to BounceBit, between Wednesday and Thursday, an attacker transferred approximately 286.5 million BB tokens—worth roughly $3 million—through an authorization flaw in the Evmos stack used to build the blockchain. The vulnerability allowed a smart contract caller to specify another account a

According to founder Stani Kulechov, Aave became the first DeFi protocol to surpass $1 trillion in cumulative lending volume on February 25, 2026. The protocol's total value locked fell from an all-time high of $45.81 billion on October 7, 2025 to a 2026 low of $11.86 billion on June 7, before

Ray Dalio, founder of Bridgewater Associates, recommended on Friday that investors allocate between 10% to 15% of their portfolio to gold and "a bit of Bitcoin" to mitigate risks from potential debt crises and geopolitical conflicts. Dalio predicted that a U.S. debt crisis could occur within three y