Crypto Markets & On-Chain Ecosystem Developments

Ceffu, Binance's institutional custody partner, withdrew $263.8 million in bitcoin and ethereum from Binance on Aug. 24 within 30 minutes after depositing 136.54 million USDC onto the exchange. The withdrawal consisted of 1,524 BTC worth $117.89 million and 59,484 ETH valued at

According to Bernstein, on August 24, analysts led by Gautam Chhugani reiterated an Outperform rating and $140 price target on Circle Internet Group, arguing that USDC can continue its growth cycle even if Congress fails to pass the CLARITY Act. The target represented approximately 59% upside from C

Bitmine Immersion Technologies purchased 32,447 ETH last week as of Aug. 23, extending a buying streak that began when the company launched its ethereum treasury strategy on June 30, 2025. The acquisition occurred as ether surged 30% in its largest weekly advance in more than a year. Bitmine now

According to Bitmine's statement via PR Newswire, the company bought 32,447 ETH last week as of August 23, lifting its total holdings to 5.85 million ETH, worth approximately $14.3 billion at current prices. This represents roughly 4.8% of Ethereum's estimated 120.7 million-token supply, bringing Bi

Gannon Ken Van Dyke, a US soldier accused of making more than $400,000 through allegedly illegal trades on prediction market platform Polymarket, opposed the US Commodity Futures Trading Commission's attempt to file an amicus brief in his criminal case through a Monday filing in the US District

According to ChainCatcher, U.S. soldier Gannon Ken Van Dyke was charged in April with fraud for allegedly using non-public information to trade on Polymarket event contracts related to Venezuelan President Nicolás Maduro's removal and profit over $400,000. The Commodity Futures Trading Commission (C

According to Foresight News, cross-chain protocol warp.green has confirmed a vulnerability in its ERC-20 bridge located in the Chia-side module, which has been exploited. The breach resulted in the loss of 93,000 USDC (comprising 85,000 wUSDC.b and 8,000 wUSDC). The attacker has converted the

According to Morpho, the Lend Callbacks feature is now live, allowing unfilled fixed-rate limit orders in the lending market to earn floating-rate yields while awaiting execution. Users can now submit higher fixed-rate offers while maintaining floating-rate income as a yield

Solana processed roughly 1.32 billion non-vote transactions between Aug. 17 and 23, 2026, setting an all-time record for weekly network activity, according to data from analytics firm Blockworks. The exact figure came in at 1,318,488,650 transactions for the seven-day span. The surge was driven by a

The Federal Reserve Bank of Cleveland released a working paper this month examining cryptocurrency investment behavior among U.S. households. On July 14, researchers Bernardo Candia, Michael Weber, Olivier Coibion, and Yuriy Gorodnichenko published findings from repeated large-scale surveys of

According to Blockworks, Solana processed 1.32 billion non-vote transactions in the week of Aug. 17-23, 2026, setting an all-time record for weekly network activity. The figure exceeds Solana's previous peaks from earlier in 2026, when weekly activity had approached but not surpassed the 1 billion m

According to a working paper released by the Federal Reserve Bank of Cleveland on July 14, a study based on surveys of approximately 25,000 U.S. households found that cryptocurrency investors have distinctly different risk perceptions compared to non-crypto holders. Crypto investors expected an

According to an August 24 SEC filing, Strive purchased 1,110 Bitcoin worth approximately $81.5 million at an average price of $73,409 per BTC during the week ending August 21. The purchases increased the asset manager's total Bitcoin holdings from 20,246 BTC to 21,356 BTC, worth around $1.7

According to Law360, Block Bits founder Dillman was convicted on five counts—four wire fraud and one conspiracy—on Aug. 24 after a 12-member jury deliberated for roughly six hours. The conviction followed the collapse of a $960,000 fundraising scheme targeting about 22 retail investors between

Bitcoin broke above $80,000 on Monday for the first time since mid-May, extending an August rebound that has lifted the cryptocurrency by roughly 25%. BTC entered Monday near $77,700 before pushing through $79,000 and then $80,000 after the Wall Street open, forcing more than $220 million of crypto

Cleveland Federal Reserve economists Michael Weber, Bernardo Candia, Olivier Coibion, and Yuriy Gorodnichenko conducted a study revealing that information about Bitcoin's past performance increases investors' inclination to enter the

According to derivatives market data, Bitcoin briefly broke above $80,000 on Monday for the first time since mid-May, extending an August rally that has lifted the cryptocurrency by roughly 25%. Over the preceding 24 hours, more than $220 million of crypto short positions were liquidated as BTC