Crypto Markets & On-Chain Ecosystem Developments

According to Arthur Hayes on August 27, MicroStrategy's mNAV (market value to net asset value) premium collapsed to roughly 0.74x, erasing the valuation edge that historically allowed the company to fund bitcoin purchases through share sales. Hayes noted on the Unchained Podcast that Bitcoin's

According to Poland's justice minister Waldemar Żurek, Radosław Piesiewicz, president of the Polish Olympic Committee (PKOl), was detained on Aug. 27 in connection with a criminal investigation into Zondacrypto, a collapsed cryptocurrency exchange. Prosecutors plan to press charges against Piesiewic

According to Foresight News, SBI Holdings announced a strategic investment in Indonesian online multi-asset investment platform Ajaib Group on August 28, acquiring approximately 20% stake. Ajaib Group, headquartered in Jakarta, provides online investment and asset management services covering

Radosław Piesiewicz, president of the Polish Olympic Committee (PKOl), was detained in connection with a criminal investigation into Zondacrypto, a collapsed cryptocurrency firm. Poland's justice minister and prosecutor general, Waldemar Żurek, announced the detention Aug. 27, confirming

Avon and Somerset Police announced Thursday the forfeiture of 20.21 Bitcoin along with additional cryptoassets and bank account funds totaling $1.4 million (£1,032,487.86), traced to darknet marketplaces operating between 2016 and 2019. The assets belonged to a person with a previous money

According to a BusinessWire announcement on Thursday, BitGo completed the acquisition of Bitcoin infrastructure company NYDIG's institutional trading business, bringing approximately 30 employees to BitGo. The transaction includes institutional client relationships and adds derivatives, structured p

According to Avon and Somerset Police, the force's financial investigation unit forfeited 20.21 Bitcoin and other cryptoassets plus bank funds worth $1.4 million (£1,032,487.86) on Thursday. Investigators traced the holdings to darknet marketplaces that operated between 2016 and 2019 before being

According to an official announcement, Ethena announced on August 28 that it is expanding USDe support to basis trading backed by stock perpetual contracts. Stock perpetual contracts now have open interest near $6 billion across approximately 200 contracts on trading platforms where Ethena already o

Investors in cryptocurrency projects linked to President Donald Trump face at least $4.7 billion in losses, according to a report by advocacy group Public Citizen. The figure primarily consists of unrealized losses, meaning asset values have declined but tokens have not necessarily been sold. Trump

Solana (SOL) is showing bullish signals across short- and long-term timeframes, according to technical analysis from Quinten Francois and CryptoCurb. SOL broke above resistance near $97 and successfully retested that level as support, bringing a near-term target of $120 into focus. A separate long-t

According to market analyst SMQKE, Ripple Prime launched its Delta One business on August 27, providing institutional clients access to Total Return Swaps (TRS) tied to U.S.-listed equities, indexes and digital assets. The platform offers a single counterparty, cross-margining and 24/7 access,

According to The Block, advocacy organization Public Citizen released a report showing that investors in five cryptocurrency products associated with U.S. President Trump faced at least $4.7 billion in losses, primarily unrealized losses, in 2025. Meanwhile, Trump generated at least $1.4 billion in

According to HyperliquidNews, HIP-3 open interest declined by more than $1 billion, reaching its lowest level since July 27.

XRP is trading at $1.42 as Evernorth, one of its largest institutional backers, moves closer to a public listing. Evernorth confirmed on August 27 that the SEC declared its registration statement effective, clearing a major hurdle in its planned merger with Armada Acquisition Corp. II. The company a

According to BlockBeats, on August 28, Jiang Zhuoer, founder of Laibit Mining Pool (B.TOP), stated that Bitcoin spot ETF saw inflows of $242 million while Ethereum spot ETF received $234 million in inflows on the day. Despite ETH representing only 18.8% of Bitcoin's total market capitalization, it a

According to ChainCatcher, Bullish announced providing $100 million debt financing to USD.AI to support GPU-collateralized lending. The financing will enable USD.AI to provide liquidity for AI infrastructure funding through tokenization. USD.AI, developed by Permian Labs, currently has over $225 mil

Gate News message, the combined trading volume of the Top 8 perpetual decentralized exchanges reached $423 billion over the past 30 days, increasing 9.1% compared with the previous 30-day period. HyperliquidX led the growth at 21%, followed by Aster_DEX at 19%, variational_io at 16%, and