Crypto Markets & On-Chain Ecosystem Developments

According to Odaily, on August 22, Upbit and Bithumb suspended deposits and withdrawals for SAND following suspected security issues on the network that could trigger increased price volatility. Both exchanges issued risk alerts to users. Spot trading for SAND remains operational on both

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 BlockBeats, on August 22, president-themed tokens continued rallying, with TRUMP up 35% and MELANIA up 23% in 24 hours, according to HTX market data. WLFI gained 3.6% in 24 hours and 14% in seven

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

According to OKX market data, OKB rose over 10% intraday on August 22, reaching a high of $120. The token is currently trading at $116.7.

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 HTX market data, BNB broke above $700 on August 22, gaining 6% in the past 24 hours, with market capitalization rising to $92.98 billion.

According to Coinglass data, Ethereum's open interest across all networks rose 7% over the past 24 hours, reaching a total of $33.084 billion. Binance accounted for $9.15 billion, followed by Gate at $2.718 billion and Bybit at $2.253 billion.

According to BlockBeats and HTX data, Zcash (ZEC) surged past $833 today (Aug 22), marking an all-time high and posting a 1970% gain over the past year. The rally was driven by multiple catalysts, including Grayscale's fourth S-3 amendment filing to convert its Zcash Trust into a spot ETF

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 BlockBeats, on August 22, a node identified as "Kraken HIP-3 test DEX" enabled compliance features on Hyperliquid testnet, including whitelisting, forced liquidation controls, and collateral transfer management. The node registered 10 wallets on the whitelist and established a "Kraken E

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.

According to OKX market data, multiple altcoins surged on August 22. TRB rose 45% intraday to $21.6, while ZEC jumped 42% to break its all-time high at $815. GALA, STX, and PEPE also gained over 32% each on the day.

According to BlockBeats, HYPE broke through $79.3 on August 22, marking a new all-time high based on HTX market data. The token has since retreated to $78.79 with a 24-hour gain of 6.66%.

According to LayerZero's announcement on X, the protocol will discontinue off-chain support for 15 low-activity chains over the next 30 days. The affected networks are EDU Chain, Meter, Shimmer, Cyber, Silicon, Sophon, Bitlayer, DFK Chain, Arbitrum Nova, DOS Chain, Cronos zkEVM, Degen, Skale