Crypto Markets & On-Chain Ecosystem Developments

Li Chen, former head of strategic partnerships for Greater China, ASEAN, Japan, and Korea at Microsoft, joined Hong Kong-based stablecoin payment platform RedotPay as general counsel on Aug. 10, 2026. He leads a global legal team of more than 20 people in support of the company’s global expansion plans. Bloomberg reported in February, citing people familiar with the matter, that RedotPay was considering a U.S. IPO in 2026, with a target of raising more than $1 billion. RedotPay’s Stablecoin Paym

According to RootData, SoSoValue (SOSO) will unlock approximately 25.96 million tokens worth about $8.46 million on August 24 at 10:00 UTC+8.

Gate News, August 17 — According to Gate market data, as of press time, CYS (Cykura) is trading at $0.771, up 21.61% over the past 24 hours. The token reached a high of $0.84 and a low of $0.62, with 24-hour trading volume reaching $11.77M. Its current market cap is approximately $124 million. Cysic is building ComputeFi infrastructure that transforms global computing power into verifiable, tokenized on-chain assets. By integrating hardware acceleration, ZK proof systems, and a tokenized market

According to Binance Wallet, Meme Rush now supports pons v2, Pools Fun, Sushi, and Letscash on Robinhood Chain as of August 17.

According to GMGN data, the market cap of meme coin 'Niulai' on BSC briefly surged to $43 million today, marking a new all-time high. The token was trading at $40.89 million at the time of reporting.

SafePal announced in a blog post on August 16 that an access control vulnerability resulted in the order information of approximately 39,798 customers being exposed. The affected orders were placed between March 2 and April 11. SafePal stated that seed phrases, private keys, wallet passwords, bank account information, payment card numbers, and government-issued identification numbers were not affected. Scope of the Leak and Technical Cause: 39,798 Customers Affected The technical root cause of t

Gate News bot message: Gate market data shows ETH has broken above 1,900 USDT, currently priced at 1,902.88 USDT.

According to ChainCatcher citing BIT Official, Bitcoin's 7-day implied volatility fell below the 30% threshold to 25% today, marking historical lows similar to volatility levels seen in summer 2023. The decline reflects lower option prices in the current market

According to BlockBeats, Basecat, a Meme token on the Base blockchain, surged 18x in 24 hours and reached an all-time high market cap of $20 million on August 17, according to GMGN data. The token's current market cap stands at $13.6 million with $27.7 million in 24-hour trading volume. The token

Coinbase Institutional’s latest “State of the Network” report shows that USDC’s annualized velocity, measured against adjusted supply, reached 741x—ten times USDT’s 74x—even though USDT’s market cap is more than $100 billion higher than USDC’s. More than 90% of USDC transfers on Base came from just three smart contracts. USDC Annualized Velocity: 741x (Source: Talos Network Data Pro) According to the report, supply measures the scale of a stablecoin’s monetary base, while velocity reflects how f

After the European Union’s Markets in Crypto-Assets Regulation (MiCA) fully took effect on July 1, 2026, hundreds of unauthorized crypto platforms lost their legal status, while scammers posing as regulators and licensed exchanges took the opportunity to trick users into transferring funds. Statistics provided by the UK Financial Conduct Authority (FCA) to CoinDesk show that 4,465 reports of FCA impersonation scams were recorded in the first half of 2025, with 480 victims tricked into handing ov

According to BlockBeats and GMGN data, Niulai meme coin on BNB Chain rebounded over 47% from its intraday low of $23 million to break above $34 million market cap on August 17. The token's 24-hour trading volume reached $45.7 million with a 24-hour gain of 37.9%. Earlier today, Niulai hit an intrada

According to ChainCatcher, Binance Futures will launch GDXUSDT, NETUSDT, VSTUSDT, SHOPUSDT, and LYTEUSDT USDT-margined perpetual futures on August 17 at 21:30, with a maximum leverage of 20x. CXMTUSDT will go live on August 18 at 13:00 with the same leverage

From 01:00 to 02:00 (UTC) on August 17, 2026, ETH edged higher during the hour, with a Return % of +0.57%. Its price ranged from 1878.16 to 1896.74 USDT, with an Ampl of 0.99%. Over the past 24 hours, ETH rebounded from a low of 1869.39 USDT to around 1896.86 USDT, gaining approximately 0.86% overall. Volatility remained extremely limited, with a total range of about 27.5 USDT. The main driver of this move was a minor technical rebound in a low-volatility environment. Attribution data shows no c

According to Coinglass data, Hyperliquid whales currently hold $5.401 billion in positions. Long positions account for $2.642 billion (48.93%), while short positions total $2.758 billion (51.07%). Long positions are down $92.31

Gate News, Aug. 17: According to Gate market data, as of press time, PORTAL (Portal) is trading at $0.0187, up 40.68% over the past 24 hours. It reached a high of $0.02 and a low of $0.0109, with 24-hour trading volume reaching $503.5k. Its current market cap is approximately $16.3382 million. Portal is a cross-chain gaming platform dedicated to providing game creators with an all-in-one creative tools hub. Through multiple application modules, including Studio, Nexus, and Gen8, creators can cre

Gate News reports that on Aug. 17, according to Gate market data, CROWN (Crown Capital) was priced at $0.24 as of press time, up 149.48% over the past 24 hours. It reached a high of $0.46 and a low of $0.09, with 24-hour trading volume reaching $27.9k. Its current market cap is approximately $70.0132 million. CROWN is the first global entertainment and intellectual property token, dedicated to connecting traditional intellectual property (IP) with blockchain technology to create additional value

Flare announced Aug. 12 that XRP holders can now use FXRP as collateral for options, perpetual futures and spot trades on Derive. The FXRP integration lets users open positions from self-custodial wallets while the XRP supporting FXRP remains on the XRP Ledger. The integration provides XRP holders a

The American Bankers Association (ABA) and major banks, including JPMorgan, are actively pressuring lawmakers in negotiations over the Digital Asset Market Clarity Act (the CLARITY Act), demanding that stablecoin yield provisions be tightened or even eliminated. They argue that allowing crypto platforms to pay interest to stablecoin holders would threaten banks’ deposit bases and lending capacity. In mid-September, the CLARITY Act will enter the final three weeks of legislative negotiations befo

According to Flare, on Aug. 12, XRP holders can now use FXRP as collateral for options, perpetual futures and spot trades on Derive. The integration allows users to open positions directly from self-custodial wallets while underlying XRP remains on the XRP Ledger. XRP options settle in USDC rather t