🔍Market Summery

Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.

China adds 8 banks to digital yuan network as operator count hits 30

China adds 8 banks to digital yuan network as operator count hits 30

China’s central bank has added eight banks to its digital yuan network, bringing the number of e-CNY operating institutions to 30.The People’s Bank of China (PBOC) added Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha and Guangxi Bei…

Alleged $165M crypto Ponzi mastermind faces US charges after Fiji deportation

Alleged $165M crypto Ponzi mastermind faces US charges after Fiji deportation

Edward Zimbardi, the alleged mastermind of a $165 million crypto Ponzi scheme, was returned to the United States after being deported from Fiji to face federal fraud and money laundering charges.On Monday, the US Attorney’s Office for the Northern District of Georgia said that Fijian authorities dep…

South Korea’s Jeonbuk Bank taps Ripple for cross-border payments

South Korea’s Jeonbuk Bank taps Ripple for cross-border payments

South Korea’s Jeonbuk Bank has partnered with blockchain payments company Ripple to deploy its cross-border payment system for business customers.On Tuesday, Ripple said its Ripple Payments platform would let the bank’s customers settle overseas transfers in seconds to minutes, with operations aroun…

Ethereum Foundation warns some tools may break with Glamsterdam upgrade

Ethereum Foundation warns some tools may break with Glamsterdam upgrade

The Ethereum Foundation (EF) has warned that some wallets, indexers and gas estimators may break because of gas-model changes in the upcoming Glamsterdam upgrade.On Monday, the EF’s Protocol DevOps team said any tool relying on a hardcoded maximum gas limit “will break” and must be updated. It urged…

Binance to restrict transactions involving HTX, 10 other crypto platforms

Binance to restrict transactions involving HTX, 10 other crypto platforms

Binance will stop processing transactions involving crypto exchange HTX and 10 other listed crypto platforms and service providers from Aug. 23.The cryptocurrency exchange cited recent regulatory developments for the decision in a Friday announcement. Binance will stop processing transactions involv…

JPMorgan boosts Bitcoin, Ether ETF positions in Q2 filing

JPMorgan boosts Bitcoin, Ether ETF positions in Q2 filing

JPMorgan’s reported position in BlackRock’s Bitcoin exchange-traded fund increased by about 25% in the second quarter, while its Ether ETF position more than quadrupled, according to its latest securities filing.The Form 13F filing with the US Securities and Exchange Commission, submitted Wednesday,…

Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses

Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses

Bitcoin (BTC) declined into Friday’s Wall Street open as traders increasingly saw a BTC price breakdown next.Key points:Bitcoin stays below $63,000, heading steadily closer to new August lows while US stocks build on record highs.Analysis says that $63,220 must be reclaimed by the weekly close to av…

SEC cancels key crypto regulatory meeting

SEC cancels key crypto regulatory meeting

The US Securities and Exchange Commission (SEC) has canceled an open meeting scheduled for Friday that was expected to consider new cryptocurrency rules.The SEC said Thursday that the meeting had been canceled. The commission had been expected to consider whether to propose a “tailored offering regi…

JPMorgan cuts Polymarket banking ties over regulatory concerns: Report

JPMorgan cuts Polymarket banking ties over regulatory concerns: Report

JPMorgan Chase ended a banking relationship with Polymarket over regulatory concerns, according to the Financial Times.JPMorgan notified the prediction market platform in October 2025 that it needed to find a new bank, the Financial Times reported Friday, citing people familiar with the matter. Poly…

Delio CEO sentenced to 15 years in prison on crypto fraud in South Korea

Delio CEO sentenced to 15 years in prison on crypto fraud in South Korea

A judge in South Korea reportedly sentenced Delio CEO Jeong Sang-ho to 15 years in prison after he was found guilty of defrauding users out of about $50 million in crypto.According to a Thursday report from South Korean news outlet Newsis, the 11th Criminal Division of the Seoul Southern District Co…

Crypto valuations could double as protocols link revenue to tokens: Bitwise CIO

Crypto valuations could double as protocols link revenue to tokens: Bitwise CIO

Crypto valuations could at least double as protocols increasingly use revenue to fund token buybacks and burns, according to Bitwise chief investment officer Matt Hougan.On Wednesday, Hougan said crypto outside of Bitcoin is becoming a revenue-driven market in which network activity feeds into nativ…

BitGo posts $19M Q2 loss despite 80% revenue surge to $4.3B

BitGo posts $19M Q2 loss despite 80% revenue surge to $4.3B

BitGo, a publicly listed digital asset infrastructure company, posted a $19 million net loss in the second quarter of 2026 despite revenue surging nearly 80% year-on-year to $4.3 billion.BitGo (BTGO) on Wednesday reported that its net loss narrowed from $60.7 million in Q1, while revenue rose 14.7% …