Crypto Markets & On-Chain Ecosystem Developments

Gate News bot message: Gate market data shows XRP up 20.57% over the past 24 hours, currently priced at 1.58 USDT.

According to BitMart's official statement on August 22, the exchange is launching a potential restructuring plan and has appointed WKL Law Firm as its legal advisor to evaluate phased business recovery options, with further updates promised by September 9. The plan aims to serve as an alternative to

According to Lookonchain data, trader Machi turned $152,000 into $12.72 million in 3 days despite being liquidated nearly 500 times. The trader netted over $12.5 million in profit over the period.

According to BlockBeats, on August 22, the U.S. Commodity Futures Trading Commission's Innovation Advisory Committee held its first meeting, chaired by CFTC Chair Michael S. Selig, with numerous crypto industry founders and executives attending. The session catalyzed broad gains across crypto and re

According to ChainCatcher, trader Machi Big Brother grew his Hyperliquid perpetual futures account from approximately $100,000 to roughly $9.5 million in just two days, achieving a near 100-fold return and generating approximately $9 million in profit. Last week, Machi Big Brother liquidated his

According to Blockchain Association CEO Summer Mersinger on August 22, reopening negotiations on the Clarity Act just weeks before the Senate votes on September 15 will jeopardize the legislation. Mersinger said the American Bankers Association's proposed changes—replacing current standards with

According to RootData data, Hyperliquid (HYPE) will unlock approximately 9.92 million tokens worth roughly $800 million on August 29 at 7 a.m. Beijing time.

According to Odaily, Jiang Zhuoer, founder of Litbit Mining Pool, stated recently he is 90% confident the bear market has ended and expects ETH to outperform BTC in the upcoming bull cycle. Jiang revealed he sold ETH at $1,738–$1,931 earlier but bought back at $2,100 stop-loss, then sold 50% of

Gate News message, loracle.hl(@loraclexyz) has recorded losses exceeding $70 million on $HYPE over the past three months. The trader currently holds a short position of 685,744 $HYPE valued at $54.88 million. This position faces liquidation if $HYPE price reaches $101.15. The trading activity is

According to Tushar Jain, co-founder of Multicoin Capital, Strategy's perpetual preferred stock STRC has failed to recover to par value despite Bitcoin's significant rally on August 22, citing dividend yield that is too low. STRC, initially positioned as a fixed-income product, has experienced

According to ChainCatcher, SOL/USDT hit $95.03 today, based on Gate's market data. The cryptocurrency gained 6.4% over the past 24 hours.