Crypto Markets & On-Chain Ecosystem Developments

According to Solana's official developer account, the SGP 1-3 governance proposals entered on-chain voting starting at epoch 1023, with voting set to close on August 26 at 15:30 UTC. The three proposals cover: approving the Solana Constitution to establish governance framework (SGP-0001),

According to Yonhapnews Infomax, Bitcoin surged from below $67,000 to above $77,000 this week, climbing over 20%, as it increasingly functions as a hedge against currency debasement. The rally accelerated after U.S. Treasury Secretary Scott Bessent doubled the buyback size of long-term government bo

Researchers at the Federal Reserve Bank of Cleveland released the working paper “Do You Know Crypto, Bro? Crypto in Household Finance.” Based on repeated surveys of up to 25,000 U.S. households, they found that cryptocurrency holders’ average expected return over the next year was 22%. For every 1-percentage-point increase in expected returns, the probability of holding cryptocurrency rose by 0.8 percentage points. Core Belief Gap Between Holders and Non-Holders: 22% vs. 7% Return Expectations (

Official Trump (TRUMP) Memecoin Plunges 33% to Approximately $2.40 on August 24; Lookonchain data showed that a wallet linked to the project team transferred 2.62 million TRUMP tokens (approximately $6.21 million) to the OKX exchange. Short positions worth more than $30 million were liquidated within 24 hours, while 24-hour trading volume reached $1.79 billion. Catalysts Behind TRUMP Token’s 24-Hour Rally The rally began when the X account WhaleScan posted that Donald Trump was preparing to laun

According to PANews, Phantom and Sui announced on August 24 that they will discontinue Sui support on the Phantom wallet on September 24, while keeping the door open for future collaboration. Users have until September 24 to migrate

Bitcoin rose approximately 23% last week, posting its best weekly performance in more than three years and breaking out of a trading range in which it had been trapped below $67,000 for months. It was briefly trading near $77,500 on August 24. Coinage founder Zack Guzman said Bitcoin “has established itself as a debasement trade,” with the rally driven primarily by direct buying rather than leverage. Market Impact of the U.S. Treasury Secretary’s Expansion of Treasury Buybacks Last Wednesday, Tr

According to Gate trading data, spot gold fell $30 short-term (August 24), breaking below the $4,600 per troy ounce level.

Eight tokens are scheduled to unlock significant amounts this week, totaling approximately $71 million. H will unlock on August 25 with a value of approximately $18.92 million, representing 7.92% of circulating supply; HUMA will unlock on August 26 with approximately $9.5 million, accounting

According to Alternative.me, the Crypto Fear and Greed Index rose to 73 today, up from 66 yesterday, indicating the market remains in a state of greed.

According to Odaily, Wintermute has increased its short positions on Hyperliquid from $146.19 million to $191 million and currently faces a loss of $5.85 million. The platform's five largest short positions are ETH

According to Yonhapnews, Bitcoin climbed to $77,726.87 on August 24 at 9 a.m., up 0.84% in 24 hours, as it approaches the $80,000 milestone. The rally marks a recovery from recent weakness; Bitcoin had surged to $79,000 on August 21, its highest level since May, before retracing slightly to hold

According to data compiled by River, 49.6 million U.S. adults now hold Bitcoin, exceeding the 28.8 million who own gold—a difference of over 21 million holders.

According to The New York Times (Aug 23), Polish cryptocurrency exchange Zondacrypto has collapsed after founder Sylwester Suszek disappeared in 2022 and CEO Przemyslaw Kral vanished in April, now missing for four months. The platform shut down in April, freezing hundreds of thousands of

US Treasury yields continued rising following a buyback announcement, yet the dollar weakened to a 3-month low as investors embraced a 'debasement trade,' driving bitcoin and gold to multi-month highs. Bitcoin surged 25% in one week to break $78,000 for the first time since May, while gold futures c