Crypto Markets & On-Chain Ecosystem Developments

According to Circle, USDC circulation increased by 800 million during the 7 days through August 20, as the company issued 7.5 billion USDC and redeemed 6.7 billion. Total USDC in circulation stands at 72.7 billion, backed by 72.9 billion dollars in reserves including 48.1 billion in overnight

According to BlockBeats, on August 23, Zach Pandl, Grayscale's head of research, stated that Bitcoin's current price may offer a favorable entry point for investors with a long-term perspective. Analyzing structural adoption trends, market cycles, and macroeconomic factors, Grayscale noted that

According to official announcement, Predict.fun launched losers bracket finals prediction markets for The Predict International Dota 2 event on August 23. As the tournament moves toward finals, the platform will open additional prediction markets with higher AP rewards per market. The total prize

According to Onchain Lens, LORACLE has recovered approximately $3 million in losses on its HYPE short position as the token declined from its all-time high. The position remains underwater by approximately $16 million.

According to Sandeep Nailwal on X, Polygon Foundation is drafting a staking and tokenomics reform proposal. The proposal includes introducing native staking similar to L1 protocols on Polygon PoS, allocating full priority fees from each transaction to POL stakers, and increasing staking rewards to n

Rich Dad Poor Dad author Robert Kiyosaki characterized expanded U.S. Treasury debt buybacks as quantitative easing in an Aug. 22 post on X, urging followers to favor bitcoin, gold, silver, and certain real estate. The statement followed Treasury's Aug. 19 announcement that doubled certain

According to Foresight News, Keeta Network CEO Ty issued a statement on August 23 following a recent security breach, stating that investigators have identified evidence to trace the attacker's identity, including IP addresses, VPN and VPS infrastructure details, email addresses, and software

According to trader Killa, Bitcoin has formed a bottom on August 23, with price reclaiming the short-term holder cost basis. The analyst previously stated that once BTC reclaimed $67,400 and traded in the mid-$75,000 range while holding the short-term holder cost line, the bottom would be

According to Coingacles data cited by ChainCatcher, Hyperliquid whales currently hold $7.024 billion in open positions as of August 23, with long positions at $3.427 billion (48.79% of total) and short positions at $3.597 billion (51.21%). Long positions show unrealized gains of $437 million,

According to Morgan Stanley's equity research team, a survey of over 500 North American summer interns published on August 23 found that more than 25% have used betting or prediction market applications over the past year, with Kalshi and Polymarket as the most common choices; 55% of users