Crypto Markets & On-Chain Ecosystem Developments

According to The Sandbox, on August 22, a cross-chain bridge vulnerability affecting SAND on Base and BNB Smart Chain (BSC) was confirmed and contained. The vulnerability allowed attackers to mint unsupported SAND tokens on both networks. Ethereum and Polygon SAND remain unaffected, with less

According to Coinglass data reported by Foresight News, global cryptocurrency markets saw $546 million in liquidations in the past hour, with $468 million from long positions. Ethereum accounted for $117 million, followed by Solana at $71 million, Bitcoin at $62 million, and XRP at $61 million.

According to Coinglass data, whales on Hyperliquid hold $6.617 billion in positions today, with long holdings at 48.28% ($3.195 billion) and short holdings at 51.72% ($3.422 billion), translating to a 0.93 long-to-short ratio. Long positions are showing unrealized gains of $452 million, while short

Arbitrum activated its ArbOS 61 'Elara' upgrade on August 20, introducing new tooling for Orbit chains including an optional protocol-level compliance filtering feature designed for enterprise deployments. The upgrade requires node operators to update to Nitro v3.11.3 and expands the Stylus

According to Offchain Labs, Arbitrum activated its ArbOS 61 "Elara" upgrade on August 20, expanding the Stylus contract size limit from 24 KB to 96 KB for developers building larger and more complex smart contracts. Node operators are required to update to Nitro v3.11.3 to support the upgrade. The upgrade also introduces an optional protocol-level compliance filtering feature for Orbit chains, designed for private or enterprise deployments. The feature remains optional and does not apply to the

According to TradingBeats, on August 22, a whale opened a 4x leveraged long position of 134,930 HYPE on Hyperliquid, worth $10.7 million at an entry price of $81.64. The liquidation price stands at $64.47, and the position is currently

Digital Asset, the developer behind the Canton blockchain, is preparing to pilot a blockchain-based welfare payment system across three U.S. states in the first quarter of 2027, according to reports. The initiative, developed with the American Idea Foundation founded by former U.S. House Speaker

According to reports, Digital Asset is preparing to pilot a blockchain-based welfare payment system across three U.S. states in the first quarter of 2027. The initiative, called RISE (Resources for Independence, Stability, and Employment), is being developed with the American Idea Foundation, a

According to ChainCatcher, MANTRA Chain has completed repairs to a vulnerability in its Cosmos-EVM module and resumed block production. The network disruption did not impact user funds. The team plans to release a full post-mortem analysis in the coming

Cardano announced a two-phase scaling roadmap for its Dijkstra era, with Ouroboros Leios and throughput improvements central to the plan. Phase 1 targets Linear Leios and nested transactions code completion in Q4 2026, while Phase 2 involving Ouroboros Peras is planned for Q2 2027. The roadmap

According to ChainCatcher, Stanley Druckenmiller's Duquesne Family Office purchased 4.1 million shares of mining hardware and data center operator Bitdeer Technologies Group (BTDR) in Q2 for approximately $64.7 million, at an average price of $12.26 per share. The family office also acquired 2.9 mi

According to Cardano's official roadmap, the network has structured its Dijkstra-era scaling plan into two phases. Phase 1 targets code completion in Q4 2026 and includes Linear Leios and nested transactions to improve throughput and developer flexibility. Phase 2, involving Ouroboros Peras for

According to HTX data, BNB broke through $700, trading at $700.03 as of August 22, with a 24-hour gain of 4.58%.

According to The New York Times, citing people familiar with the matter, two Binance employees were detained by authorities in the United Arab Emirates in recent weeks as part of an investigation into possible financial crimes on the crypto platform. The employees were stopped at an airport, and the

According to News.bitcoin, South Korea's Financial Supervisory Service (FSS) has launched a real-time artificial intelligence platform designed to detect cryptocurrency price manipulation. The system identifies short-term price manipulation tactics by referencing a historical database of known

The United Kingdom's tax agency HM Revenue and Customs sent 81,000 crypto tax warning letters during the past 12 months, according to figures obtained Aug. 20 by accountancy group UHY Hacker Young through a Freedom of Information request. The total increased 25% from approximately 65,000 letters in

According to UHY Hacker Young, the UK's HM Revenue and Customs (HMRC) sent 81,000 crypto tax warning letters over the past 12 months as of Aug. 20, representing a 25% increase from approximately 65,000 letters in the prior year. The communications, known as nudge letters, give recipients an

According to ChainCatcher, the largest ETH long position holder on Hyperliquid closed half of its position earlier today, realizing a profit of $14.88 million. The address sold 60,000 ETH at an average price of $2,514 after holding the position for approximately four months, during which it

According to Coinglass, Binance saw net inflows of $30.605 million USDT over the past hour as of August 22.

From 05:00 to 06:00 UTC on August 22, 2026, ETH plunged 2.76% within one hour, with its price retracing into the 2,382.48–2,518.24 USDT range and its price swing reaching 5.40%. After surging approximately 18% on August 19–20, ETH is now undergoing a technical correction, with market volatility intensifying. The main driver of this move was the need for a correction following the previous sharp rally, which had pushed ETH into overbought territory. ETH’s daily RSI has reached an extremely overbo