Cryptocurrency

2671 items in section

Bernstein maintains $140 Circle target despite legislative uncertainty

Bernstein analysts have reaffirmed their Outperform rating and $140 price target for Circle Internet Group, signaling a projected 59% upside from Friday’s $87.98 close. The firm asserts that Circle’s growth trajectory remains robust, driven by institutional adoption and autonomous agent payments, regardless of the pending CLARITY Act’s fate in September.

BNB Chain Set for Pasteur Hard Fork Upgrade

The BNB Smart Chain is scheduled to initiate the Pasteur hard fork on August 25, 2026, at 02:30 UTC. This mandatory network upgrade focuses on tightening bridge security and validator governance, while implementing architectural shifts designed to optimize block processing capacity across the mainnet.

Ethereum Outperforms Bitcoin as Analyst Calls for Rotation

Ethereum climbed to $2,463 on August 24, marking a 29.3% weekly gain that significantly outpaced Bitcoin’s 21.4% advance. Fundstrat co-founder Tom Lee points to this shift as evidence that a long-awaited rotation into the asset has finally begun, fueled by renewed institutional interest and evolving network utility.

Real-world asset deposits triple as DeFi activity cools

Deposits of tokenized real-world assets (RWA) into decentralized finance platforms surged to $7.4 billion in the second quarter of 2026, marking a threefold increase from $2.3 billion a year prior. This growth occurred even as the broader DeFi sector experienced a 15% decline in total deposits over the same period.

South Korea Pushes for Fall Passage of Digital Asset Framework Act

South Korean regulators are accelerating work on the second phase of the nation’s virtual-asset framework as lawmakers demand a swift legislative timeline. Financial Services Commission Chairman Kim Byoung-hwan pledged to intensify consultations following pressure from the National Assembly to prevent the country from lagging behind global peers in crypto regulation.

Wintermute-linked wallet holds $10M short against XRP rally

A cryptocurrency wallet widely attributed to market maker Wintermute has built a $10.19 million short position against XRP, even as the asset sustains a 47% weekly surge. The move is part of a broader $190.77 million short book on the Hyperliquid exchange that includes heavy bets against Ethereum and Bitcoin.

Solana Validators Weigh Major Governance Overhaul

Solana validators and delegators are currently casting stake-weighted votes on three pivotal proposals that could reshape the network’s constitutional framework, monetary policy, and transaction economics. Voting concludes at the end of epoch 1023, expected around 15:30 UTC on Thursday, August 27, marking a significant test for the blockchain’s governance maturity.

Bitcoin Faces Volatility Test as Economic Data Looms

After a blistering 22% rally that propelled Bitcoin toward the $80,000 threshold, the cryptocurrency now faces a critical junction. Traders are shifting focus from momentum-driven gains to a barrage of U.S. macroeconomic indicators and central bank commentary that could dictate the next major move for risk assets.

Fake Hyperliquid Google Ad Leads to $550,000 Crypto Theft

A Google sponsored advertisement for the decentralized trading platform Hyperliquid served as a gateway for a sophisticated phishing attack, resulting in the theft of 550,000 USDC from an unsuspecting user. Security firm Salus traced the underlying infrastructure to a professional drainer-as-a-service network tied to the Inferno ecosystem.

Upbit and Bithumb Place SAND Under Caution Following Bridge Exploit

South Korean crypto exchanges Upbit and Bithumb have officially flagged The Sandbox’s SAND token as an investment caution asset, citing unresolved security concerns stemming from a recent cross-chain bridge incident that allowed for the unauthorized minting of unbacked tokens on the Base and BNB Smart Chain networks.

Bank of Russia expands qualified investor path ahead of crypto rollout

Starting August 31, the Bank of Russia will allow individuals to achieve qualified investor status by passing a domestic financial knowledge test. This shift moves beyond traditional wealth-based thresholds, providing a new pathway for retail participants to access higher investment limits within the country’s burgeoning regulated cryptocurrency market.

Global Financial Consortium Begins Quantum-Resistant Blockchain Pilot

Financial institutions and regulators from Europe, the Middle East, and Asia launched a joint pilot on Aug. 24 to test post-quantum security for digital assets. The initiative evaluates how banks can adopt new cryptographic standards to secure blockchain wallets and transfers against future quantum computing capabilities.

Pakistan launches mandatory crypto licensing regime

Pakistan’s Virtual Assets Regulatory Authority has officially opened its licensing portal, forcing all existing crypto service providers to apply for preliminary approval by September 5. Firms failing to meet this deadline face an immediate shutdown, as the country transitions to a formal, regulated framework for digital asset operations.

Stablecoin Neobank Fasset Hits $1 Billion Valuation

Fasset secured a $68 million Series C funding round led by Japan’s SBI Group, pushing the stablecoin neobank to a $1 billion private valuation. The capital injection brings the firm's total 2026 fundraising to $119 million as it scales payment and settlement services across 125 countries in emerging markets.

Strive CEO Matt Cole sees Bitcoin entering its strongest cycle yet

Bitcoin added a record $14,264 to its value last week, closing at $77,387 as institutional appetite surged. Following a week of aggressive inflows into U.S. spot ETFs, Strive CEO Matt Cole is betting that a unique confluence of macroeconomic conditions will propel the cryptocurrency into its most potent cycle to date.

Trump Weighs Expanding U.S. Bitcoin Reserves

President Donald Trump confirmed on August 19 that his administration is exploring the potential for additional Bitcoin accumulation, though he stopped short of announcing a formal purchase strategy. The president indicated he would look to SEC Chair Paul Atkins and his policy team for guidance on any future government acquisitions.

Ledger Disputes Disclosure Timeline After Ethereum App Vulnerability

A standoff has emerged between Ledger and security firm TestMachine over a flaw in the Ethereum application’s clear signing process. While TestMachine claims its AI-driven tool identified a risk to transaction integrity, Ledger’s CTO Charles Guillemet asserts the vulnerability was patched two weeks before the public disclosure.

Fed research links Bitcoin price history to retail investor behavior

When American households see evidence of Bitcoin’s recent gains, their appetite for digital assets grows. A Federal Reserve Bank of Cleveland working paper suggests that exposure to historical price performance not only shifts desired portfolio allocations but directly influences the likelihood of subsequent cryptocurrency purchases among retail investors.

Tether Gains Ground as Digital Dollar in Volatile Economies

In Venezuela, Argentina, Bolivia, and Turkey, the USDT stablecoin is increasingly functioning as a primary tool for domestic commerce and savings. Tether CEO Paolo Ardoino points to rising inflation and restricted access to traditional banking as the catalysts driving citizens toward digital dollar alternatives to protect their purchasing power.

Upbit Adds LIT to South Korean Won Market

South Korean exchange Upbit is opening a won-denominated trading pair for Lighter’s LIT token starting at 1:00 pm KST on August 24. The move grants local investors direct fiat access to the token, which was previously limited to trading against Bitcoin on the platform.

Phantom to Drop Sui Network Support in September

Phantom will discontinue support for the Sui network on September 24, 2026, effectively removing the ability to view, swap, or manage Sui-based assets through its interface. While the wallet provider has not specified a reason for the shift, the decision reverses an expansion that began less than two years ago.

Michael Saylor Reaffirms Bitcoin as Digital Energy for Corporate Treasuries

Michael Saylor recently characterized Bitcoin as a mechanism for converting economic value into a digital form that entities can securely control. This metaphor frames his broader investment thesis, positioning the cryptocurrency as durable, transferable energy, even as his company, Strategy, navigates the complexities of maintaining its massive treasury.

BitMart shifts course toward restructuring and potential restart

Less than four weeks after announcing a total wind-down, BitMart has signaled a potential pivot toward a phased operational restart and creditor distributions. The exchange has appointed White & Case as restructuring counsel, though it has yet to provide concrete details on payout eligibility or the legal framework governing these recoveries.

Kalshi Blocks Washington Users Amid Court Battle Over Event Contracts

Kalshi has restricted access for Washington customers, complying with a preliminary injunction that bars the platform from offering seven categories of event contracts. The exchange is now challenging the state’s mandate, arguing that Washington’s decision to grant a temporary enforcement delay to a direct competitor, OG, creates an unfair regulatory double standard.

Crypto Groups Launch Legal Challenge Against Illinois Digital Asset Tax

A 0.2% tax on digital asset transfers and storage, slated for implementation in Illinois on January 1, 2027, faces a new legal hurdle. The Blockchain Association and the Crypto Council for Innovation filed suit in Sangamon County, seeking to block the levy before it forces industry-wide compliance.

Brian Armstrong pushes Senate support for CLARITY Act

With a critical cloture motion scheduled for September 15, Coinbase CEO Brian Armstrong is intensifying his campaign to secure federal crypto legislation. He argues that codifying digital asset rules into law is the only way to shield consumers from market volatility and insulate the industry against shifting regulatory policies.

Onchain Investigator ZachXBT Plans Regional Restrictions for Support

Prominent onchain investigator ZachXBT has signaled that he may soon automatically reject assistance requests from victims in seven specific countries, citing negative personal experiences. The proposed policy would filter incoming cases through a forthcoming website, though the investigator has yet to finalize the rules or an official launch date.

Term Labs Suffers $8.5 Million Governance Exploit

A governance exploit has compromised Term Labs’ lending vaults, resulting in an estimated $8.5 million drain in digital assets. While the protocol confirmed the breach on August 23, it has yet to disclose the full scope of the incident, leaving users without clarity on affected contracts or potential recovery timelines.

Robert Kiyosaki pivots to Bitcoin as Treasury adjusts debt strategy

Robert Kiyosaki renewed his call to accumulate Bitcoin, gold, and silver on Aug. 22, framing the U.S. Treasury’s recent decision to expand long-dated bond buybacks as a fresh cycle of currency debasement. The author of "Rich Dad Poor Dad" urged investors to abandon cash, warning that a weakening dollar threatens purchasing power.