Crypto Industry News & Market Trends

Bitmine Buys Another $81M in Ethereum as ETH Outperforms Bitcoin

In briefTom Lees Bitmine bought another 32,447 ETH, worth roughly $81 million, last week.Bitmine says its 5.85 million ETH represents about 4.8% of the supply.The price of Ethereum is up more than 30% in the last week.　　Bitmine Immersion Technologies is another step closer to its goal of owning 5% of Ethereums supply after buying another 32,447 ETH, worth roughly $81 million, last week.　　The company said Monday that it held 5,847,611 ETH, worth around $15 billion as of August 23.　　Myriad: Ethereum next price move？ Click to make your prediction.　　With Ethereums supply at approximately 120.7 million tokens, the 5% mark is about 6.04 million ETH. That puts Bitmine roughly 187,000 ETH short of its goal.　　Bitmines latest buy comes amid renewed interest and excitement in the crypto market, with the price of Ethereum exploding over the last week. ETH is up a whopping 31.5% in the last seven days, outperforming even Bitcoins impressive gains of nearly 24% in the last week. ETH is currently trading for just under $2,500, up almost 3% in the last day alone.　　Sentiment around the asset has shifted on prediction markets as well. On Myriad, a prediction market developed by Decrypts parent company Dastan, traders are now pricing in

2 days agoIndustry

Zcash surges 62% to $880 as holders prepare to vote on changing how ZEC is issued

Zcash holders face a snapshot deadline today to qualify for a vote on major changes to the networks issuance model and block speed, just as ZEC trades near its highest level since 2018.　　Related Asset Zcash #11 ZEC · $839.01 24-hour change: down 0.28% 24H Down 0.28% 7D Up 63.58% 30D Up 74.50%　　Data from CryptoSlate shows that the privacy-focused cryptocurrency surged about 62% over the past week to as high as $880 during its latest rally before retracing to about $830 as of press time.　　The move puts greater attention on a governance process that could reshape how new ZEC enters circulation and how quickly the network processes blocks.　　To participate, holders must have spendable shielded ZEC in Ironwood when the blockchain reaches block 3,459,350, according to terms published by vote organizers Valar Group and Project Tachyon.　　The snapshot is estimated to occur around 19:00 UTC on Aug. 24, though the block height rather than the clock determines eligibility. Funds can be moved immediately afterward.　　Voting is scheduled to begin Aug. 25 and run until Sept. 14 at 19:00 UTC. Organizers said they will consider the results representative of coinholders if at least 1 million ZEC participates in at least one of the five questions,

2 days agoIndustry

CleanCore exits Dogecoin treasury with $33.4M sale for AI push

CleanCore Solutions has sold substantially all of its 463 million Dogecoin holdings for about $33.4 million as it redirects capital toward AI infrastructure while a $100 million stock offering has more than doubled its outstanding share count.　　SummaryCleanCore sold substantially all of its 463 million DOGE holdings for about $33.4 million on July 20.The proceeds were redirected toward the companys AI infrastructure business, ending its Dogecoin treasury strategy.A $100 million stock offering increased CleanCores outstanding shares by about 121.9% to 502.1 million.Warrants covering another 524.2 million shares could result in additional dilution if exercised.　　CryptoSlate, citing U.S. Securities and Exchange Commission filings, reported that CleanCore disposed of substantially all of its remaining Dogecoin (DOGE) on July 20 and allocated the proceeds to its AI infrastructure segment, ending a treasury strategy that less than a year ago was built around accumulating a major share of DOGE supply.　　The sale follows several earlier disposals. An SEC prospectus showed that by June 2, CleanCore had already sold about 200 million DOGE for $18.4 million and transferred another 70 million tokens in exchange for roughly $6.8 million of professional services. At that point, it still held 463.06 million DOGE valued at approximately $44.3 million.　　CleanCores retreat has reversed

2 days agoIndustry

Bitcoin Storms Past $79K Before Hitting Resistance Near $80K

The price of bitcoin blasted past $79,000 around 9 a.m. EDT on Monday, August 24, 2026, as buyers kept their foot on the gas following last weeks blistering rally.　　Key TakeawaysBitcoin gained 24% in 7 days as ETF demand helped BTC punch above $79,000.Eric Balchunas said U.S. bitcoin ETFs pulled in nearly $2B last week.Bitcoin faces $79,406 resistance as the Feds September rate decision looms.　　Bitcoin Blasts Through $79,000 as Bulls Keep the Pedal Down　　Monday is shaping up as an extension of bitcoin‘s sharpest weekly run in quite some time, and right now, bitcoin’s daily RSI (relative strength index) is flashing deeply overbought conditions in the 79–82 range, while the moving average convergence divergence (MACD) remains firmly bullish, with its line well above the signal and a positive histogram around 1,500–3,400.　　Bitcoin punched out an intraday high of roughly $79,406 on Bitstamp before sellers finally pushed back. The leading crypto asset has climbed 2.5% against the greenback today and more than 24% over the last seven days. While bulls keep pressing, bitcoin trading volume remains moderate at $36.758 billion over the last 24 hours. Bitcoin futures open interest now stands at $57.57 billion, with CME and Binance commanding the biggest share.　　ETF Demand Pours

2 days agoIndustry

Bitcoin Price Storms Past $79K Before Hitting Resistance Near $80K

The price of bitcoin blasted past $79,000 around 9 a.m. EDT on Monday, August 24, 2026, as buyers kept their foot on the gas following last weeks blistering rally.　　Key TakeawaysBitcoins price gained 24% in 7 days as ETF demand helped BTC punch above $79,000.Eric Balchunas said U.S. bitcoin ETFs pulled in nearly $2B last week.Bitcoin faces $79,406 resistance as the Feds September rate decision looms.　　Bitcoin Blasts Through $79,000 as Bulls Keep the Pedal Down　　Monday is shaping up as an extension of bitcoin‘s sharpest weekly run in quite some time, and right now, bitcoin’s daily RSI (relative strength index) is flashing deeply overbought conditions in the 79–82 range, while the moving average convergence divergence (MACD) remains firmly bullish, with its line well above the signal and a positive histogram around 1,500–3,400.　　Bitcoin punched out an intraday high of roughly $79,406 on Bitstamp before sellers finally pushed back. The leading crypto asset has climbed 2.5% against the greenback today and more than 24% over the last seven days. While bulls keep pressing, bitcoin trading volume remains moderate at $36.758 billion over the last 24 hours. Bitcoin futures open interest now stands at $57.57 billion, with CME and Binance commanding the biggest share.　　ETF Demand

2 days agoIndustry

Bitcoin price gains pull new investors into crypto, Fed experiment shows

Bitcoin price gains can draw new buyers into crypto by lifting expectations for future returns, a Federal Reserve Bank of Cleveland experiment found.　　Related Asset Bitcoin #1 BTC · $79,106.03 24-hour change: up 2.52% 24H Up 2.52% 7D Up 23.34% 30D Up 23.36%　　According to the report, participants shown Bitcoins previous 12-month performance became more bullish on crypto. They were about 2.5 percentage points more likely to own it in a later survey, researchers found. With roughly 11% of respondents owning crypto before the experiment, that change amounted to about a 23% increase in the likelihood of ownership.　　The results offer rare experimental evidence for a dynamic long associated with speculative markets: past gains can influence what investors expect next and, in turn, where they put their money.　　Researchers also found that the response was strongest among people with limited knowledge of crypto. That suggests rallies may have the greatest pull on potential investors who have yet to form strong views about the asset class.　　The findings come from Do You Even Crypto, Bro？ Cryptocurrencies in Household Finance, a July 2026 working paper by Michael Weber, Bernardo Candia, Olivier Coibion and Yuriy Gorodnichenko.　　The Cleveland Fed classifies the study as a working paper, meaning the research

2 days agoIndustry

Hyperliquid Policy Center pushes SEC, CFTC for equity perps framework

Hyperliquid Policy Center has asked the SEC and CFTC to let qualifying equity perpetual contracts enter the U.S. as security futures after HIP-3 markets processed more than $480 billion in notional trading volume over their first 10 months.　　SummaryHyperliquid Policy Center has asked the SEC and CFTC to recognize qualifying equity perpetual contracts as security futures.The proposal would place eligible equity perpetuals under an existing framework jointly overseen by the SEC and CFTC.HIP 3 markets have processed more than $480 billion in cumulative notional volume during their first 10 months.HPC wants regulators to keep perpetual contract classification consistent across asset types while preserving exchange listing flexibility.　　Hyperliquid Policy Center said in an Aug. 24 comment letter that cash-settled equity perpetuals carrying the established characteristics of futures contracts should be eligible for classification as security futures, a category jointly overseen by the two U.S. regulators.　　For a product trading hundreds of billions in volume, perpetual contracts still dont have a settled answer to the most basic question under U.S. law: are they futures, or are they swaps？　　One federal judge described the exercise as deciding whether tetrahedrons belong in… https://t.co/YjpwaV4fwh pic.twitter.com/dOcZtu1Ujq　　— Hyperliquid Research Collective (HRC) (@HyperliquidR) August 24, 2026　　The filing responds to a joint request

2 days agoIndustry

Solana Real-World Assets Reach $4B

Solana‘s real-world-asset ecosystem crossed $4 billion in total value on August 23, according to a post from the official Solana account. The milestone came two days after validators activated SIMD-0525 at epoch 1020, cutting the network’s slot time from 400 milliseconds to 350 milliseconds for the first time since launch.　　Solanas RWA ecosystem hit a new ATH: $4B+ in total value pic.twitter.com/mfH1wbCoBS　　— Solana (@solana) August 23, 2026　　In the six days before epoch 1020, Solana Compass network analytics recorded average user throughput of 1,710 transactions per second and 27.7% compute utilization against the 400ms block ceiling.　　DISCOVER: Best Meme Coins to Buy in 2026　　Solana RWA News: Whats Inside the $4 Billion Figure　　Motley Fool‘s analysis of the 30 days ending August 19 put Solana’s RWA inflows at $263 million, while Ethereum‘s RWA ecosystem recorded $337 million in outflows over the same window. The report put Solana’s 30-day growth rate at 10.6%, compared with Ethereums 1.3%.　　Tokenized U.S. Treasury products accounted for $1.2 billion of Solana‘s reported RWA ecosystem total, up 16.1% over the same period, according to the same report. Backed Finance’s xStocks product offers more than 60 U.S. stocks and ETFs as SPL tokens, with trading available on Raydium, Jupiter, and Kamino Finance.　　Source: RWA.XYZ　　Ethereum

2 days agoIndustry

BitMart is talking about reopening before it has answered the withdrawal question

BitMart is exploring a restructuring that could allow parts of the crypto exchange to resume operations, offering an alternative to the full wind-down announced last month as customers continue to report difficulties withdrawing their assets.　　Related Person ZachXBT On-chain Sleuth · Crypto Space　　On Aug. 21, the exchange said a potential restructuring plan could include a phased resumption of some services alongside distributions to creditors, subject to further legal, financial, operational and regulatory review.　　BitMart has appointed White & Case as restructuring counsel and said it expects to provide another update by Sept. 9.　　Still, this new proposal does not change the exchanges immediate timetable.　　BitMart is scheduled to discontinue spot, futures and other trading services at 01:00 UTC on Aug. 26. Users have also been strongly encouraged to submit withdrawal requests before 05:00 UTC that day, though the exchange has said the latter is a recommended time rather than a hard cutoff.　　The deadline comes as BitMart faces growing scrutiny from customers who say withdrawal requests have been frozen, delayed or left unresolved.　　Some users have demanded verifiable information about the exchanges reserves and a clear repayment plan, while former employees have also alleged that salaries remain unpaid. BitMart Chief Executive Officer Sheldon Lee has rejected

2 days agoIndustry

Crypto ETFs Lose Their Bull-Market Halo as Outflows Test Demand

Money entering crypto ETFs over their first two years meant institutions were arriving, and institutions arriving meant more demand for crypto. However, mid-2026 has made that relationship considerably more complicated.　　Digital asset investment products went through eight consecutive weeks of withdrawals totalling a record $8 billion before inflows returned in July and early August. By August 7, the same products had recorded five consecutive positive weeks, including around $1.05 billion during the first week of August.　　U.S. spot Bitcoin ETFs show the reversal particularly well. They attracted roughly $865 million between August 3 and August 7, followed by a combined net withdrawal of about $198 million from August 10 through August 12.　　ETFs remain a major source of crypto demand. Their behaviour increasingly resembles other large investment vehicles, however: investors buy when risk looks attractive and redeem when it does not.　　BeInCrypto asked executives from Wirex, Zoomex and Phemex what recent flows reveal about investor demand, how ETFs have affected crypto trading, and whether another generation of altcoin funds can reproduce Bitcoins success.　　Selective Crypto Demand　　ETF withdrawals are certainly a measure of changing investor behaviour, although ETF flows should not be treated as a census of institutional activity. Funds are available to many types of

2 days agoIndustry

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