Crypto Markets & On-Chain Ecosystem Developments

Paul Sztorc's ECX Bitcoin fork produced more than 25,000 blocks in roughly 13 hours as of 9 a.m. EDT on Sunday, after launching at block height 963648. The network attracted 3.53 petahash per second (PH/s) of mining hashrate across multiple pools, with Ecashpool-alpha leading participation. Block pr

Federal Reserve Bank of Cleveland researchers released a working paper examining why cryptocurrency behaves differently from traditional financial assets, finding that Americans who buy crypto hold radically different beliefs about digital assets' future returns rather than simply having different d

According to ChainCatcher, Ethereum (ETH/USDT) broke through $2,450 today, trading at $2,451.35 based on Gate's market data. The cryptocurrency gained 1.61% over the past 24 hours.

According to a Federal Reserve study released recently, cryptocurrency investors are primarily belief-driven rather than demographic-driven, with crypto holders expecting average returns of 22% over the next year compared to 7% among non-holders. Research from the Federal Reserve Bank of

Upbit, South Korea's largest cryptocurrency exchange, recorded approximately 1.15 trillion won ($830 million) in trading volume within a single hour on Saturday as XRP and the TRUMP meme coin dominated activity. The surge followed a 273% jump in daily volume to about $1.84 billion on August 21, Upbi

According to Upbit DataLab, XRP dominated trading activity on South Korea's largest cryptocurrency exchange on Saturday (August 23), with Upbit recording 1.15 trillion won ($830 million) in volume within a single hour. XRP accounted for 32.20% of the exchange's 24-hour trading volume, far ahead of

The Bitcoin Red Team, a volunteer group of approximately 20 to 25 security researchers, is scanning Bitcoin's open-source software ecosystem to identify AI-assisted vulnerabilities before attackers exploit them. Pseudonymous member Calle, who maintains the open-source Cashu protocol, said in an

According to Coinglass data, the cryptocurrency market recorded $405 million in contract liquidations over the past 24 hours on August 23, with long positions accounting for $246 million and short positions $159 million. Bitcoin liquidations totaled approximately $94.67 million, while Ethereum

According to an interview with Decrypt, Bitcoin Red Team member Calle said the group was formed as an emergency effort to identify security threats across the Bitcoin ecosystem as AI capabilities advance. The team,

According to BankXRP, XRP's market capitalization reached approximately $94 billion recently, surpassing Belarus' estimated 2025 GDP of $93.4 billion based on World Bank figures. With XRP trading at $1.51, the token has marked another significant milestone in its recent rally. Market commentator

According to HyperliquidNews monitoring, HyperEVM's average Gwei value surged from approximately 0.15 Gwei on August 22 to 3 Gwei, and further climbed to 60 Gwei on August 23, representing a 400-fold increase over the two-day

According to CoinDesk, crypto card spending reached $1.04 billion in July, up over 200% year-over-year. U.S. dollar stablecoins USDC and USDT funded approximately 70% of more than 10 million transactions, with average transaction value rising from $59 last year to $86, indicating a shift from

According to CoinGlass, in the past hour, $63.71 million in futures positions were liquidated globally, with long liquidations accounting for $50.99 million and short liquidations for $12.71 million.

According to Odaily and Hyperbot, Bitcoin trader Maji Ge's 40x leveraged BTC long position was fully liquidated today due to a short-term BTC price decline. His total portfolio value has dropped below $100

According to Coin Glass, over $61.14 million in positions were liquidated across crypto markets in the past hour on August 23. Long positions accounted for $50.41 million of liquidations, while short positions totaled $10.73 million. Ethereum led individual asset liquidations with $25.78 million.

According to BlockBeats, over the weekend of August 23, Trade.xyz predicted U.S. and South Korean stock moves for Monday's opening through perpetual futures contracts. Trade.xyz forecasts Samsung Electronics to open down approximately 3% on Monday (from Friday's close of $203 to $195.64), while

Gate News bot: Gate market data shows that ETH has fallen below 2,400 USDT, with the current price at 2,395.61 USDT.

Bitcoin surged past $72,000 on Thursday morning, gaining more than 7% on the day and roughly 12% on the week, while Ethereum rose 17.5%. The rally came after bitcoin added approximately $4,400 in fifty minutes on Thursday morning, touching $69,500 and liquidating about $1.1 billion of shorts

According to Fortune, Bitcoin surged to over $77,000 this week, breaking through its previous range of $62,000 to $67,000 that had persisted for several weeks. The rally accelerated after the U.S. Treasury announced an expansion of long-term government bond repurchase operations, which

According to OKX market data, TRUMP broke through $2.9 today, trading at $2.908 with a 24-hour gain of 22.16%.