Crypto Markets & On-Chain Ecosystem Developments

According to The Block, a federal jury on August 25 convicted Japheth Dillman, a 48-year-old San Francisco video game company founder, of wire fraud for operating Block Bits Capital, a fraudulent crypto trading fund. The U.S. Department of Justice stated that Dillman faces a maximum of 20 years

Tom Lee, Chairman of BitMine Immersion Technologies, stated on the 24th (Korean time) during an appearance on digital asset podcast Bankless that the cryptocurrency market has exited the bear phase and entered a new bull cycle. Lee attributed Ethereum's recent underperformance primarily to the

According to the Bankless podcast on August 24, Tom Lee, chairman of BitMine Immersion Technologies, said the cryptocurrency market has exited its bear cycle and entered a new bull phase. Lee forecasted that Ethereum could surpass $5,000 under the new cycle, with potential to exceed $10,000 if

According to BlockBeats, on August 25, Bitmine Chairman Tom Lee outlined the company's ten-year vision, positioning Ethereum as the core infrastructure for tokenization and artificial intelligence applications. Lee stated that ETH market capitalization surpassing BTC is "a very tenable argument," an

A U.S. soldier was recently identified as having obtained more than $400,000 in profits on Polymarket using nonpublic information. The Commodity Futures Trading Commission (CFTC) has initiated a criminal investigation into the matter, though the agency's involvement has faced

Gate News reported that, according to Gate market data, GIGA (GigaSwap) was trading at $0.00261 as of press time on Aug. 25, up 31.83% over the past 24 hours. It reached a high of $0.00325 and a low of $0.00234, while 24-hour trading volume reached $139.6k. Its current market cap is approximately $139.6k. GigaSwap is a Giga Chad-themed memecoin on Solana that aspires to become a leading memecoin in the cryptocurrency community, drawing inspiration from widely popular memes. The project focuses n

According to SoSoValue data, Solana spot ETFs recorded net inflows of $33.49 million overnight on August 24. Bitwise Solana Staking ETF (BSOL) led with $24.99 million in daily net inflows, bringing its total historical inflows to $948 million. Fidelity Solana Fund ETF (FSOL) followed with $4.84 mill

The European Securities and Markets Authority (ESMA) updated its MiCA crypto-asset service provider (CASP) registry on Friday, bringing the total number of authorized entities to 331. Compared with the previous update on August 12, all six newly added entities are German cooperative banks. Germany’s total number of CASPs has therefore increased to 79, maintaining a wide lead over France and the Netherlands. The number of authorized entities in Germany has grown from 57 in late June to 79 current

Gate News, August 25 — According to Gate market data, as of press time, GF (GoldFinger) is trading at $0.00742, up 46.11% over the past 24 hours. It reached a high of $0.00798 and a low of $0.00477, with 24-hour trading volume reaching $23.8k. Its current market cap is approximately $130 million. GF is the native governance token of the GoldFinger project. GoldFinger is an RWA (real-world asset) project focused on connecting precious metal assets, including gold, copper, and silver, with the Web

Gate News reports that on August 25, according to Gate market data, DGAI (DGrid) was trading at $0.37 as of press time, up 1,339.20% over 24 hours. It reached a high of $2.08 and fell to a low of $0.05, with 24-hour trading volume reaching $22.4008 million. Its current market cap is approximately $55.7475 million. DGrid AI is a decentralized AI inference network built on a distributed node architecture, connecting model providers, node operators, and developers through on-chain verification. Rec

According to Ethereum's official blog, the next Ethereum upgrade Glamsterdam has finalized its scope in mid-August, with two major Ethereum Improvement Proposals (EIPs) officially excluded from this cycle. EIP-7610, which proposed reverting CREATE operations for non-empty storage accounts, and EIP-7

Bitwise Asset Management Chief Investment Officer Matt Hougan identified five structural factors supporting a crypto bullish outlook in an Aug. 24 post on X, contrasting the present environment with 2014, 2018, and 2022 when optimism proved harder to sustain. He cited regulatory progress,

According to Bits.media, on August 25, Layer 1 blockchain TAC confirmed that hackers exploited a vulnerability in the Cosmos EVM module's precompiled layer to steal approximately $7.5 million from an account, transferring about 2.986 billion TAC

Gate News message, according to Lookonchain, a trader has closed long positions on 600 BTC ($46.92M) and 10,000 ETH ($24.85M), securing an $852K profit. The trader previously created a new wallet (0xa314), deposited 8M USDC into Hyperliquid, and opened 20x leveraged long positions on these assets.

According to Bitwise Asset Management Chief Investment Officer Matt Hougan, on August 24, crypto investors now have five structural factors supporting a bullish outlook: regulatory progress, stablecoin scaling, tokenization adoption, assets with real revenue and buybacks, and currency debasement

Bitcoin (BTC) continued to rebound, trading at around $79,750 as of August 25. The United States imposed a new round of sanctions on Iran targeting sectors including digital assets and oil. Treasury Secretary Bessent called the move “economic D-Day.” Japan plans to ease restrictions on large stablecoin payments, with individual transactions potentially exceeding ¥1 million. Macro Events & Crypto Highlights The Block reported that the U.S. Treasury announced a new round of sanctions on Iran targe

According to official announcement reported by PANews on August 25, Entropy.io, the HIP-3 deployer on Hyperliquid, completed a $14 million funding round led by Ribbit Capital and secured $40 million in HYPE token collateral support. Entropy enables perpetual futures trading on global stocks,

The lawyer for U.S. soldier Gannon Ken Van Dyke filed documents with the U.S. District Court for the Southern District of New York on Aug. 24, opposing the U.S. Commodity Futures Trading Commission’s (CFTC) submission of an amicus brief in his criminal case. Van Dyke is accused of using nonpublic information obtained while participating in the operation that led to Venezuelan President Maduro’s ouster in January this year to earn more than $400k on Polymarket. Core Facts of the Van Dyke Case: Fo

According to Cointelegraph, on August 25, Bernstein maintained its "outperform" rating on Circle (CRCL) with a $140 target price, implying approximately 60% upside from current levels. The analyst said USDC will enter a significant new growth cycle over the next 12 months. Bernstein noted USDC