Crypto Markets & On-Chain Ecosystem Developments

Crypto asset manager Grayscale stated this week could mark a turning point for Bitcoin, following a roughly $10,000 weekly rally that lifted the cryptocurrency to $79,500 on Aug. 21. The assessment came in an Aug. 22 post on X that compared Bitcoin's current decline with four previous market

Circle issued approximately $7.5 billion USDC and redeemed about $6.7 billion in the seven days through August 20, resulting in a net increase of approximately $8 billion in circulating USDC. Total USDC in circulation reached $72.7 billion with reserves of approximately $72.9 billion, comprising

According to BlockBeats and CoinGlass data, Coinbase's Bitcoin premium index has remained in negative territory for 97 consecutive days from May 19 to August 23, extending the all-time record for longest negative premium streak, with the latest reading at -0.0266%. The previous record was 40 consec

According to Circle, USDC circulation increased by 800 million during the 7 days through August 20, as the company issued 7.5 billion USDC and redeemed 6.7 billion. Total USDC in circulation stands at 72.7 billion, backed by 72.9 billion dollars in reserves including 48.1 billion in overnight

According to BlockBeats and HTX market data, Bitcoin broke below $77,000 on August 23, triggering a broad altcoin selloff. TAC led the decline with a 24-hour drop of 40.86% to $0.001672, while FHE fell 30.03% to $0.01978 and SQD declined 29.01% to $0.03. Other major altcoins also faced sharp

According to Odaily, YOMOGI token on Solana is trending with a market cap of $1.41 million as of August 23, according to GMGN data. The surge follows social media activity from Eno, who disclosed on August 23 that YOMOGI may be connected to Yomogi, a cat recently adopted by Kabosu Mama, the owner o

According to GMGN data, meme coin CATE plummeted over 40% on August 23, with its market cap reaching a low of approximately $40 million. The asset was trading around $50 million at the time of reporting.

According to BlockBeats, on August 23, Zach Pandl, Grayscale's head of research, stated that Bitcoin's current price may offer a favorable entry point for investors with a long-term perspective. Analyzing structural adoption trends, market cycles, and macroeconomic factors, Grayscale noted that

According to official announcement, Predict.fun launched losers bracket finals prediction markets for The Predict International Dota 2 event on August 23. As the tournament moves toward finals, the platform will open additional prediction markets with higher AP rewards per market. The total prize

According to Onchain Lens, LORACLE has recovered approximately $3 million in losses on its HYPE short position as the token declined from its all-time high. The position remains underwater by approximately $16 million.

According to Sandeep Nailwal on X, Polygon Foundation is drafting a staking and tokenomics reform proposal. The proposal includes introducing native staking similar to L1 protocols on Polygon PoS, allocating full priority fees from each transaction to POL stakers, and increasing staking rewards to n

According to South Korea's Financial Supervisory Service (FSS) data disclosed to parliament, five major virtual asset exchanges recorded 6,590 corporate accounts as of late July. Bithumb led with 3,280 accounts, followed by Upbit operator Dunamu with 2,086 accounts; these two

According to financial disclosures from the U.S. Office of Government Ethics published on August 23, Trump conducted over 1,000 securities transactions in June with a total value between $78.1 million and $263.1 million. Crypto-related transactions included selling Coinbase shares on June 12 ($15,00

Rich Dad Poor Dad author Robert Kiyosaki characterized expanded U.S. Treasury debt buybacks as quantitative easing in an Aug. 22 post on X, urging followers to favor bitcoin, gold, silver, and certain real estate. The statement followed Treasury's Aug. 19 announcement that doubled certain

According to Foresight News, Keeta Network CEO Ty issued a statement on August 23 following a recent security breach, stating that investigators have identified evidence to trace the attacker's identity, including IP addresses, VPN and VPS infrastructure details, email addresses, and software

According to ChainCatcher and GMGN data, on August 22, Meme tokens on Solana, BNB, and Robinhood blockchains recorded trading volume exceeding $310 million. Solana led with $159 million (51.2% of total), followed by BNB at $83 million (26.8%), and Robinhood at $68 million (22.0%). Top three Meme

According to Onchain Lens, Wintermute transferred approximately $57 million in BTC and SOL to Binance and Coinbase in what appears to be a sale. The transfers included 129,500 SOL worth roughly $12.42 million and 169.5 BTC valued at approximately $13.11 million to Binance, along with 407.47 BTC wort

According to on-chain analyst Yujin, F2Pool co-founder Wang Chun transferred 12,800 ETH (worth $28.73 million) to Binance and subsequently withdrew $87.68 million USDC to repay borrowings on Spark protocol.

According to on-chain analyst Yanjin, F2Pool co-founder Wang Chun's address transferred 12,765 ETH (approximately $28.73 million) to Binance on August 23 amid a recent three-day rally. The address subsequently withdrew 87.68 million USDC to repay borrowings on Spark protocol. The wallet currently

According to trader Killa, Bitcoin has formed a bottom on August 23, with price reclaiming the short-term holder cost basis. The analyst previously stated that once BTC reclaimed $67,400 and traded in the mid-$75,000 range while holding the short-term holder cost line, the bottom would be