LayerZero Says Zero Blockchain Can Handle More Than 5 Million Transactions a Second

LayerZero said its proprietary layer-1 blockchain, Zero, can process as many as 5 million transactions per second. Crypto Briefing reported on August 31 that LayerZero said Zero can handle more than 5 million transactions per second through horizonta

US Treasury Secretary Bessent Says Pressure on Iran Will Continue

US Treasury Secretary Scott Bessent said the US will continue to pressure Iran. BlockBeats, a crypto-focused US media outlet, reported on August 31 that Bessent said, "The US will continue to apply pressure on Iran." The Trump administration has rece

Trump Calls Iran a ‘Failed State,’ Says Leadership Is in Total Disarray

President Donald Trump leveled sharp criticism at Iran, saying it had "officially become a failed state." In a Truth Social post on August 31, Trump claimed Iran was "dead" and had no navy, no air force and no currency, and was unable to pay its sold

Kospi Rebounds From 3.5% Intraday Drop to Close at 6,820

The Kospi rebounded after tumbling more than 3% early in the session, lifted by a recovery in heavyweight semiconductor shares. The benchmark opened sharply lower on concerns about possible additional US rate hikes and the risk of a military clash be

Hanwha Liquidates Two Blockchain Units in South Korea, US in First Half

Hanwha Group liquidated two enterprise blockchain entities in South Korea and the US in the first half of 2026. Digital Asset, a cryptocurrency-focused media outlet, reported on Aug. 31, citing Hanwha’s amended 2026 semiannual report, that the group

South Korea’s Potentially Taxable Crypto Activity Reaches $10.9 Billion in 2025, Ranking 11th Ahead of 2027 Tax

South Korea’s potentially taxable cryptocurrency activity is estimated at about $10.9 billion in 2025 as the country prepares to begin taxing virtual assets in 2027, with debate continuing over tax standards and how to identify transaction data. Acco

Bitcoin Tests $80,000 Ahead of Jackson Hole as Resistance Builds

Bitcoin climbed back toward $80,000 on inflows into spot exchange-traded funds and on-chain accumulation, but the rally is being tested again near that level as inflation concerns and caution ahead of Jackson Hole keep sellers active. Traders are wat

US Spot-Bitcoin ETFs Add $242 Million, Mark Ninth Straight Session of Inflows

US spot-Bitcoin exchange-traded funds recorded net inflows for a ninth consecutive trading session, drawing $242 million on Aug. 27. Odaily, citing SoSoValue data, reported on Aug. 28 that total net inflows into US spot-Bitcoin ETFs reached $242 mill

Kraken Says Some User Accounts Were Temporarily Locked After 12,000 Dust Transfers From HTX-Linked Wallets

Some customer accounts at cryptocurrency exchange Kraken were temporarily locked after thousands of small crypto transfers arrived from wallets linked to sanctioned exchange HTX. Bloomberg reported on Aug. 25 that about 12,000 small transfers were se

Bitwise to Launch Automated Portfolios of Tokenized US Stocks Tied to Magnificent Seven, AI

Bitwise is preparing to launch a portfolio product that bundles multiple tokenized US stocks and manages them automatically. The offering will allow investors to keep assets in their own wallets rather than place them in a fund while gaining exposure

Arthur Hayes Says FLOP Airdrop Will Be Based on Testnet Activity

Arthur Hayes, head of Flop Labs, said allocations for the FLOP airdrop will be based on users' testnet activity. Writing on X on Aug. 25, Hayes said the faucet for receiving testnet tokens will operate through Technocore.chat. The FLOP airdrop will b

Arthur Hayes Says Renewed Dollar Borrowing Demand Could Lift Ethena’s ENA

Arthur Hayes, co-founder of BitMEX, said demand to borrow dollars is reemerging in the over-the-counter market, a trend that could benefit Ethena’s ENA. In a post on X on August 25, Hayes wrote that OTC brokers had started contacting him again about

Standard Chartered First Bank Approved to Distribute Hong Kong’s Regulated HKD Stablecoin HKDAP

Standard Chartered has become the first bank approved to distribute HKDAP, Hong Kong’s first regulated stablecoin pegged to the Hong Kong dollar. Cointelegraph reported on X on August 25 that Standard Chartered was the first bank to receive approval

Bitcoin Briefly Gives Up $80,000; Kimchi Premium at -0.31%

Bitcoin briefly fell back below $80,000. As of 4:48 p.m. on August 25, Bitcoin was trading at $79,896 on Binance's USDT market, up 3.26% from a day earlier. Separately, Cryprice data showed the kimchi premium for major cryptocurrencies including Bitc

BNB Chain Activates Pasteur Hard Fork on Mainnet to Bolster Bridge, Staking Security

BNB Smart Chain, or BSC, has activated the Pasteur hard fork on its mainnet. Cointelegraph, a cryptocurrency-focused media outlet, wrote on X on August 25 that the Pasteur hard fork had gone live on the BSC mainnet. The upgrade is aimed at strengthen

Trump Says US to Raise Tariffs on Canadian Autos, Parts and Steel to 50% From Jan. 1, 2027

President Donald Trump said the US will raise tariffs on Canadian-made cars, trucks, auto parts and steel to 50% starting Jan. 1, 2027. Walter Bloomberg, an overseas markets news account, reported on Aug. 24 that Trump said, "Starting Jan. 1, 2027, w

Altcoin Sentiment Turns Bullish as 85% of Tokens Show Above-Average Funding Rates

Investor sentiment in the altcoin market has turned bullish, according to on-chain analytics firm Glassnode. Glassnode wrote on X on August 24 that the altcoin market has entered a bullish phase, with funding rates across 85% of altcoins running abov

Robinhood CEO Tenev Says He’s Bullish on Bitcoin Long Term, Won’t Predict $1 Million Price

Robinhood Markets Inc. Chief Executive Officer Vlad Tenev said he is bullish on Bitcoin over the long term, but declined to offer a specific price target. Crypto-focused media outlet Odaily reported on August 24 that Tenev made the remarks in a recen

Crypto Jumps More Than 20% for the Week as Markets Await Warsh’s Jackson Hole Debut

Cryptocurrencies surged more than 20% on the week before pausing ahead of Federal Reserve Chair Kevin Warsh’s first speech at Jackson Hole. Bitcoin traded around $77,100 in early Asian trading on Aug. 24, according to CoinDesk. The token was down sli

AI Agents Start Making Payments, Opening a New Market for Stablecoins

Stablecoins are emerging as a key payment method as AI agents begin acting as direct buyers of data, computing power and online services. CoinDesk reported on Aug. 22 that major crypto and payments companies including Coinbase, Circle, MoonPay, Visa,

Bitcoin Sees 2,721 BTC Net Outflow From Major Exchanges in Past 7 Days as Funding Rates Turn Neutral

Bitcoin recorded a net outflow of more than 2,700 BTC from centralized exchanges over the past week, even as funding rates across major trading venues returned to neutral after the token's sharp rise this week. Crypto-focused media outlet BlockBeats,

Bitcoin Drops $2,000 After Jim Cramer Says ‘Just Go Buy Bitcoin’; $1.3 Billion Liquidated in 24 Hours

Bitcoin fell by about $2,000 after CNBC host Jim Cramer urged investors to buy the cryptocurrency. On Aug. 22, crypto-focused media outlet Cointelegraph wrote on X, formerly Twitter, that “after Cramer said ‘Just go buy Bitcoin,’ the price of Bitcoin

Iraq Says Some Ships Carrying Its Crude Have Permission to Transit Strait of Hormuz

Some ships carrying Iraqi crude have been granted permission to pass through the Strait of Hormuz, according to a media report. BlockBeats, a cryptocurrency news outlet, reported on Aug. 22, citing China Central Television, that Iraq's president disc

BitMine’s Unrealized Loss on Ether Holdings Narrows to $5.41 Billion

BitMine’s unrealized loss on its Ether holdings has narrowed to about $5.41 billion. Crypto media outlet BlockBeats reported on August 22 that BitMine currently holds 5,815,164 ETH at an average purchase price of $3,366. At Ether’s current price of $

MoonPay Adds Cash App Pay, Allowing US Users to Buy Crypto With Cash App Balances

MoonPay, a global crypto payments and stablecoin infrastructure company, said Aug. 21 that it has added Cash App Pay as a payment option, allowing eligible US users to buy crypto with their Cash App balances. The move follows MoonPay’s integrations w

Artcube 2R2 to Hold Kim Deok-yong, Byun Yong-guk Duo Show 'Light Resting in the Grain,' With Yuhji Kobayashi Rooftop Special

Artcube 2R2 said Aug. 21 that it will open “Light Resting in the Grain,” a two-person exhibition featuring Kim Deok-yong and Byun Yong-guk, on Aug. 28. The exhibition brings together two artists who have each expressed the radiant beauty of light uni

Line Next, Payletter Hold Stablecoin Payments Seminar as Unifi Pay Integrations Top 100

Line Next said Aug. 21 that it co-hosted a seminar with Payletter in Seoul's Yeoksam-dong on Aug. 12 under the theme "The Future of the Global Payments Ecosystem." The event covered stablecoin payment adoption structures, global settlement procedures

Iran Weighs Strikes on Gulf Oil Bypass Routes to Pressure U.S. Fuel Prices Before Midterms, Official Says

Iran is considering attacks on oil export facilities in the Gulf that bypass the Strait of Hormuz in a bid to push up global crude prices and U.S. gasoline costs, according to a report. The aim is to erode support for President Donald Trump's party a

OCC Gives Preliminary Conditional Approval for World Liberty Trust Bank

The Office of the Comptroller of the Currency has conditionally granted preliminary approval for a trust bank sought by World Liberty Financial, the crypto firm backed by US President Donald Trump’s family. Reuters reported on August 15 that the OCC

Ethereum Developers Weigh 66 Proposals for ‘Hegota’ Upgrade as Privacy Takes Center Stage

Ethereum developers are narrowing the scope of the blockchain’s next major upgrade, known as Hegota, with privacy emerging as the main focus among 66 proposals under review. CoinDesk reported on August 17 that developers are defining the scope of Heg