Crypto Markets & On-Chain Ecosystem Developments

A federal jury in Las Vegas convicted Brent C. Kovar of operating a $24 million cryptocurrency Ponzi scheme that defrauded at least 400 investors, the Justice Department announced on Monday. Kovar owned Profit Connect, a Las Vegas company that from late 2017 until July 2021 falsely claimed to run ar

According to the Justice Department, a federal jury convicted Las Vegas business owner Brent C. Kovar on Monday, August 24, 2026, of operating a $24 million cryptocurrency Ponzi scheme that defrauded at least 400 investors. Through his company Profit Connect, which operated from late 2017 until

According to Coinfomania, Circle CEO Allaire disclosed that USDC holds a 99% share of AI-driven machine transactions. Additionally, Bernstein research cited by Cointelegraph showed that USDC's adjusted stablecoin transaction volume surged from approximately 40% in 2025 to exceeding 60% in 2026 to

According to CoinGlass, global cryptocurrency liquidations totaled $85.89 million in the past 4 hours, with long positions accounting for $73.61 million and short positions for $12.27 million. Bitcoin liquidations reached $41.10 million, while Ethereum liquidations hit $13.77 million.

According to BlockBeats, on August 25, whale "first 10 major targets" published an analysis suggesting MicroStrategy's shift from a "buy-only" policy was a critical bottom signal. The whale noted that in late July, MicroStrategy adjusted its Bitcoin and dollar reserves to optimize capital

According to CoinDesk, the U.S. Treasury Department expanded sanctions against Iran on August 25, adding cryptocurrency, gold, shipping, and technology services. The sanctions target individuals including Ivan Obukhov, who the U.S. alleges processed over $100 million in cryptocurrency transactions

From 09:45 to 10:00 on August 25, 2026 (UTC), BTC/USDT fluctuated between $78,876.9 and $79,781.3, with an Ampl of 1.13% and a Return of -0.70%. After a brief surge, the price quickly pulled back, and volatility intensified significantly. The main driver of this move was the U.S. Treasury’s announcement that it would double its purchases of long-term Treasury bonds. The initial positive impact on risk assets triggered a short squeeze and a short-term rally. However, subsequent market rumors that

Gate News message, Bitcoin ETF monthly net inflows reached $2.72 billion in August, marking the strongest month of 2026. Last week's Bitcoin ETF inflows totaled $1.92 billion, approaching April's previous 2026 monthly peak of $1.97 billion.