Crypto Markets & On-Chain Ecosystem Developments

The Hyperliquid Policy Center, on Monday (August 24), urged the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission to adopt a harmonized framework for perpetual contracts, arguing they should be classified by economic structure rather than underlying

The Crypto Council for Innovation and Blockchain Association filed a lawsuit Friday in the Circuit Court of the Seventh Judicial Circuit for Sangamon County challenging Illinois' 0.2% cryptocurrency tax on constitutional grounds. The lawsuit argues the tax violates the US Constitution, Illinois

According to ChainCatcher, the Crypto Council for Innovation (CCI) and Blockchain Association (BA) recently filed a lawsuit against Illinois officials challenging the state's 0.2% digital asset tax, which is scheduled to take effect on January 1, 2027. The tax will be levied on

Stand With Crypto endorsed 32 House candidates on Monday, including Republican Warren Davidson and Democrat Ritchie Torres, as the Coinbase-backed advocacy group expands its political engagement ahead of the upcoming midterm elections. The endorsements come as the crypto industry seeks to

From 15:30 to 15:45 on August 24, 2026 (UTC), BTC plunged 0.74% over 15 minutes, with its price retreating from nearly 80k USDT to trade within the 79,019.0–80,000 USDT range, recording an amplitude of 1.23%. After skyrocketing 26.72% in a single week to approach $80,000, bullish and bearish forces entered a short-term rebalancing phase. After touching the $80,000 psychological level intraday, the price retreated and fluctuated narrowly around $79,000, attracting significant market attention whi

According to CoinMarketCap, Virtuals Protocol (VIRTUAL) rose 15.01% to $0.8275 today (Aug 24), leading gains among the top 100 cryptocurrencies by market cap. Injective (INJ) climbed 10.30% to $5.76, while Aerodrome Finance (AERO) gained 9.05% to $0.523.

From 15:30 to 15:45 UTC on August 24, 2026, ETH plunged 1.16% in 15 minutes, with its price falling from 2,525.06 USDT to 2,489.03 USDT and its amplitude reaching 1.43%. Earlier that morning, ETH had briefly rebounded to $2,516.79, up 3.18% over 24 hours, but quickly reversed lower in the short term, with market volatility clearly intensifying. The main driver of this move was short-term profit-taking pressure following technically overbought conditions. ETH’s daily RSI has remained in overbough

According to Blockworks Research analyst Shaunda Devens, perpetual futures revenues surged 243% last week, significantly outpacing a 43% price gain across the broader crypto market. Devens noted that in ten of sixteen blockchain sectors, revenue growth exceeded price appreciation, reflecting how

According to FinanceFeeds and Strategy's 8-K SEC filing, the company sold $2.01 billion of MSTR shares between August 17 and August 23 without purchasing any bitcoin. Strategy sold 18,261,118 common shares during the period, leaving its bitcoin holdings unchanged at 840,447 BTC. Instead of bitcoin

Strive (ASST) acquired 1,110 bitcoin for approximately $81.5 million between Aug. 17 and Aug. 21, bringing its total holdings to 21,356 BTC, according to an 8-K filing with the Securities and Exchange Commission. The bitcoin was purchased at an average price of $73,409 per coin, inclusive of fees an

According to an SEC 8-K filing, Strive (ASST) acquired 1,110 bitcoin for $81.5 million between Aug. 17 and Aug. 21, at an average price of $73,409 per coin. The purchase increased the company's total holdings to 21,356 BTC, a 5.5% increase from 20,246 BTC in mid-August. Strive now ranks as the

According to Bitmine's disclosure Monday, the company purchased 32,447 Ether last week, bringing total holdings to 5,847,611 ETH, or 4.8% of Ethereum's circulating supply. The purchase marks the company's 14th consecutive month of weekly ETH acquisitions since launching its Ethereum treasury

Bitcoin's Relative Strength Index (RSI) rose to the 84-86 range, marking the cryptocurrency's strongest overbought zone since November 2024. This technical indicator surge followed Bitcoin's recent sharp price gains that attracted significant investor attention. The RSI elevation reflects strong

Virtuals Protocol has introduced its complete Base chain token issuance mechanism to Solana, according to a protocol announcement. The update brings automated capital formation (ACF), sybil protection tax, fee delegation, and agent co-issuance features to the network. The protocol previously

According to Foresight News, Pons (PONS) token on Robinhood Chain surged to an all-time high market cap of $80.47 million, currently trading at $0.079 with a market cap of approximately $79 million. The token recorded a 24-hour gain of 89.75%.

According to BlockBeats citing GMGN data, Robinhood Chain native token PONS hit a record market cap of $83 million on August 24. The token currently trades at $79.5 million market cap, up 93.1% in the past 24 hours, with trading volume reaching approximately $18.8 million. PONS is the platform toke

Bitcoin touched $80,000 over the past 24 hours, up 3.6% and marking its highest level since May 15. Over the past 8 days, Bitcoin has surged nearly 30%. Ethereum rose to $2,530.5, up 3.79% in 24 hours, reaching its highest point since

State-owned power financier REC is set to lead India's first tokenized corporate bond issuance in September, marking a significant step in applying blockchain technology to securities markets. The pilot, developed jointly by the Securities and Exchange Board of India and the Reserve Bank of India, a

According to TradingBeats, on Aug 24, Huang Licheng (known as "Machi") continued adding to his 40x leveraged Bitcoin long position, which now reaches approximately $75.79 million with an entry price of $79,390.50 and liquidation price of $70,404.71. The position carries an unrealized profit of

According to reports, India will launch its first tokenized corporate bond pilot in September, led by state-owned power financier REC. The issue is expected to be less than 500 crore rupees and limited to select investors. The Securities and Exchange Board of India and the Reserve Bank of India