Crypto Markets & On-Chain Ecosystem Developments

Ethereum fixed-rate lending protocol Term Finance’s Strategy Vaults were attacked through a governance vulnerability on Aug. 24, with approximately $8.5 million withdrawn by an unknown attacker. Term Labs posted on X that it had identified a governance vulnerability affecting the Term vaults, but so far has not disclosed which governance role the attacker exploited or explained why the timelock and LP veto failed to prevent the transaction. Design Architecture of the Seven-Day Timelock and LP Ve

XRP's circulating supply grew 5.5% year over year through monthly escrow releases, while XRPL revenue fell 81.6% year over year to $1.18 million, according to an Aug. 19 analysis from 21Shares. The supply expansion occurred because approximately 272 million XRP added monthly through escrow releases

According to an Aug. 19 analysis from 21Shares, XRP's circulating supply grew 5.5% year-over-year through monthly escrow releases of approximately 272 million XRP. Meanwhile, XRPL revenue declined sharply in the first half of 2026, falling 81.6% year-over-year to $1.18 million from $6.43 million,

Paymentscan tracking data shows that crypto card spending reached $1.04 billion in July 2026, surpassing the $1 billion threshold for the first time and more than doubling from $306 million during the same period last year. Approximately 70% of the more than 10 million tracked transactions were funded by dollar-pegged stablecoins, while the average transaction size rose from $59 a year ago to $86, reflecting a shift in spending from large withdrawals to everyday small purchases such as groceries

According to Blockworks Research analyst AJC, PONS ranked 13th by revenue in the crypto market over the past 30 days, but with a FDV/Revenue multiple of only 0.7x—the lowest among the top 15 revenue-generating tokens. By comparison, CARDS, PUMP, CAKE, AAVE, HYPE, and LINK have FDV/Revenue ratios of

According to Odaily Daily, TRON infrastructure provider CatFee.io recently launched Seamless Energy service for wallets, exchanges, payment platforms, and frequent TRC20-USDT transfers. The service automatically prepares required energy during transaction broadcast, eliminating the need to

According to Garrett Jin, the trader known as "Oct 11 insider whale," he would become more bullish if the market consolidates further this week and Bitcoin dominance continues to rise. Jin also cautioned investors to exercise restraint and avoid overlevering or rushing to add positions, noting this

According to Yonhapinfomax, Bitcoin surged past key resistance levels on Friday, August 22, hitting $79,200 before retreating to $77,500. On Wednesday, the largest cryptocurrency gained 7.1% within 24 hours, with more than half the gains occurring in a single hour on elevated trading

According to PANews and SoSoValue data on Aug 24, the NFT sector led market gains with a 24-hour rise of 4.93%, driven by Pudgy Penguins (PENGU) up 12.28% and SuperVerse (SUPER) up 10.12%, though ApeCoin (APE) fell 1.09%. Meanwhile, Bitcoin (BTC) declined 0.03% and broke below $78,000, while

From 02:00 to 02:15 (UTC) on August 24, 2026, BTC rose rapidly over the 15-minute period, gaining 0.59%. The price ranged from 76,868.1 to 77,411.5 USDT, representing a 0.71% fluctuation. Overall market activity was subdued, with trading volume of approximately 478.75 BTC. A bid-ask depth ratio of 0.57 indicated that sell orders outweighed buy orders, but a large buy wall at $77,123.5 on the order book provided short-term support. The primary driver of this move was the sharp escalation of the U

In an interview with CoinDesk, Joris Delanoue, CEO of on-chain securities infrastructure provider Fairmint, warned that the global tokenized stock market has grown from less than $500 million at the end of Q1 2026 to approximately $2 billion, while ownership records such as shareholder registers have failed to keep pace—potentially repeating the 1968 Wall Street “paper certificate crisis” in digital form. The 1960s Wall Street Paper Certificate Crisis In the late 1960s, U.S. stock trading volume

According to Coinglass data cited by ChainCatcher, Hyperliquid whales currently hold $7.158 billion in positions, with long positions accounting for $3.459 billion (48.33%) and short positions at $3.699 billion (51.67%). The long-to-short ratio stands at 0.94. Long positions generated $432

According to Odaily and on-chain analyst Ai Yi, Machi's total account loss narrowed to $25.94 million over the past week, down from $34.96 million recorded seven days earlier. The account currently holds four leveraged long positions totaling approximately $131 million in value with roughly $1 milli

Hyperliquid completed a token buyback and destruction program totaling over $1.251 billion, with an average purchase price of $26.808 per token. The burn represents a significant reduction in the circulating supply of the exchange's native

According to Odaily, citing an X post by former Ethereum core developer and angel investor Eric Conner, Lighter (LIT) may enter a short squeeze scenario. Conner noted that between $3.43 and $4.10, short liquidations worth 6 million LIT are clustered, equivalent to 2.5% of the token's entire

According to Polygon co-founder Sandeep Nailwal, on August 24, the team is advancing a staking and tokenomics reform proposal in response to strong community demand. Polygon PoS will introduce a native staking mechanism similar to Layer 1 chains, with transaction priority fees distributed to POL sta

Gate market data shows that BTC has fallen below 77,000 USDT and is currently priced at 76,994.5 USDT.

On Aug. 22, the X account WhaleScan claimed that Trump was about to launch a new coin. A token named WWW, also known as Truth Coin, subsequently appeared on Robinhood Chain, claiming a total supply of 1 billion tokens. Eric Trump immediately denied the claim, saying, “This is absolutely not true. If someone says that, they’re a fraud.” Five Warning Signs of the WWW Token’s Appearance The WWW token displayed multiple high-risk characteristics when it emerged, and community members had flagged the