Category: crypto

BitMart is considering a restructuring plan that involves creditor distributions and a phased restart of selected operations, less than four weeks after announcing a complete shutdown. White & Case has been appointed as restructuring counsel, and an update is expected by September 9. The exchange has not disclosed creditor eligibility or payout details publicly.

Michael Saylor reiterated the value of Bitcoin as a digital form of economic energy that can be controlled by individuals, companies, and governments. His company, Strategy, holds a significant amount of Bitcoin, exceeding its acquisition cost by $1.5 billion. The company also raised funds through common share sales.

South Korean crypto exchange Upbit processed an estimated 1.15 trillion won, or approximately $830 million, during one hour of volatile trading on August 22. The volume spike occurred around 05:00 UTC, with XRP accounting for 32.20% of Upbit’s volume, followed by TRUMP and Tether. Liquidations totaled $523 million.

An unidentified Bitcoin user embedded a 255-byte message in block 963,629 on Aug. 22, announcing a wallet puzzle derived from Satoshi Nakamoto’s Genesis Block. The puzzle contains deliberately low-entropy information and offers a reward, but as of now, there is no evidence that anyone has solved it or claimed the reward.

Bitcoin traded near $76,600 on Aug. 23, falling from $79,500, leading to claims that trader Peter Brandt’s forecast of $58,000–62,000 was wrong. Brandt’s prediction was eventually met months later in 2026. The rally was driven by short liquidations and ETF demand, and a change in U.S. Treasury action impacted the market.

Robert Kiyosaki urged investors to buy Bitcoin, gold, silver, and real estate as a hedge against inflation and a weakening U.S. dollar. He linked Bitcoin to financial education and warned against holding cash. However, the U.S. Treasury’s increased bond buyback program is a debt-management operation, not quantitative easing.

Term Labs confirmed a governance exploit affecting its lending vaults, with an estimated loss of $8.5 million in cryptocurrency. The protocol is still investigating the incident and has not provided details on recoveries, reimbursement terms, or a completed technical postmortem. Users are awaiting further information on the affected vaults and recovery timeline.

Onchain investigator ZachXBT plans to automatically reject future assistance requests from victims in Canada, the UK, India, Nigeria, Morocco, Algeria, and Bangladesh based on his personal experiences. He also intends to restrict access to support services on his upcoming website for users in jurisdictions he considers “low quality.” No launch date or detailed access policy…

Zondacrypto exchange shutdown in April 2026, leaving customers unable to withdraw assets. Founder Sylwester Suszek disappeared in March 2022, successor Przemysław Kral reportedly abroad. Polish prosecutors investigating possible fraud, losses over $96 million. Uncertainty surrounds reserves, Kral’s whereabouts. Investigation ongoing with implications for cryptocurrency regulation in Poland.

Ripple CEO Brad Garlinghouse stated that the U.S. is close to establishing clear cryptocurrency rules after attending regulatory meetings in Washington. The SEC and CFTC have established guidance on token categories, but federal legislation is still pending. Ripple’s legal battle with the SEC resulted in a $125 million penalty. The CLARITY Act faces a Senate…