Crypto Markets & On-Chain Ecosystem Developments

BitMine (BMNR) held 5,416,945 ETH as of May 31, according to its latest Form 10-Q quarterly report filed with the U.S. Securities and Exchange Commission (SEC). The ETH had an average cost of approximately $3,517 per ETH and a total cost of approximately $19.05B. The “sell ETH put options” strategy it has employed since February resulted in a recognized net loss of $92.09 million on derivative contracts this quarter. Analysis of ETH Holdings Cost and Unrealized Loss BitMine has adopted a dollar-

According to SoSoValue, Hyperliquid spot ETFs recorded net inflows of $3.88 million during last week's trading (Aug 17-21). Grayscale's Hyperliquid Staking ETF (HYPG) led with $2.57 million in weekly inflows, bringing its total historical inflows to $130 million. Bitwise's BHYP followed with $2.45 m

According to SoSoValue data, XRP spot ETFs recorded net inflows of $39.78 million during last week's trading days (August 17-21). Bitwise ETF XRP led with $30.22 million in weekly net inflows, bringing its historical total to $543 million. Franklin Templeton's XRPZ ETF followed with $7.62 million, n

According to SoSoValue data, SOL spot ETFs saw net inflows of $28.34 million for the week ended Aug. 21. Bitwise's BSOL led with $22.51 million in weekly inflows, bringing its total historical net inflows to $923 million. Grayscale's GSOL contributed $4.02 million, with cumulative historical inflows

According to ChainCatcher, citing SoSoValue data, Ethereum spot ETFs recorded net inflows of $697 million during the week of August 17–21. BlackRock's ETHA led with weekly net inflows of $537 million, while Fidelity's FETH followed with $56.22 million in weekly inflows.

On August 24, Bitcoin reached an intraday high of approximately $78,002, just shy of the $80k round-number level. Its weekly gain reached 23.6%, marking its strongest rebound since the beginning of 2026. On-chain tracking by Lookonchain showed that a mysterious Bitcoin whale address closely watched by the market had sold approximately 7,770 BTC over the past three days, worth approximately $577 million. Three Major Catalysts Behind Bitcoin’s Rise The main catalysts behind this Bitcoin rebound ar

Grayscale has submitted the fifth amendment to its filing with the SEC for a Zcash spot ETF, proposing to convert the existing Grayscale Zcash Trust into a spot ETF to be listed and traded on NYSE Arca under the ticker ZCSH. If approved, it would become the first spot ETF in the United States to directly track the price of Zcash, with an annual management fee of 2.5%. Structure of the Grayscale Zcash Trust’s Transition to a Spot ETF (Source: SEC) The Grayscale Zcash Trust has operated since 2017

MANTRA Chain, which focuses on bringing real-world assets (RWAs) on-chain, was hit by an exploit on August 24, forcing the entire blockchain network to shut down and halt block production. Trading, deposits and withdrawals, and cross-chain functions were affected. According to CoinGecko data, $MANTRA ’s native token fell from $0.005060 to a low of $0.004126 before recovering to around $0.0044. $MANTRA Falls to an All-Time Low as Trading Volume Surges 600% According to CoinGecko data, $MANTRA ’s

According to Term Labs, the protocol closed all Meta Vaults and revoked its DAO governance permissions on August 24 to prevent further fund inflows following an $8.5 million governance attack. The closure is irreversible and will permanently block new deposits. The platform maintains withdrawal

According to RootData, GUNZ (GUN) will unlock approximately 36.857 million tokens worth around $1.16 million on August 31 at 1 p.m. Beijing time.

According to RootData, FLock (FLOCK) will unlock approximately 168.04 million tokens on August 31 at 00:00 UTC+8 (Beijing time), worth approximately $5.65 million.

According to Cryptoslate, Pakistan's Virtual Assets Regulatory Authority (PVARA) has mandated all cryptocurrency exchanges and virtual asset service providers currently operating in the country to apply for a regulatory license by September 5, 2026, or cease operations. The PVARA opened the

According to Lookonchain, three market-making firms—Abraxas Capital, Fasanara Capital, and Wintermute—currently hold the largest on-chain short positions. Combined, they hold 138,569 ETH short positions valued at $338