Month: August 2025

Mantle staged a strong rally on Aug. 6, driven by surging network activity and large ETH reserve backing, while the broader crypto market remained under pressure from macroeconomic headwinds. Summary Mantle rose 20% on Aug. 6 to $0.934, bucking a broader market downturn.MNT has confirmed a breakout from an inverse head and shoulders, a bullish reversal pattern.On-chain data shows that stablecoin supply and active users on the network have surged over the past weeks.

Justin Suns first JST-stablecoin on the TRX ecosystem, USDJ, will formally end its services at the end of August. Heres what we know so far about the permanent wind-down. Summary The first JST-stablecoin on the Justin Sun-backed TRX ecosystem is shutting down after five years.Holders are urged to exchange the asset with another stablecoin before the deadline on August 31, 2025. In a recent post, the JUST DAO reminded holders to migrate their remaining USDJ as soon as

An ongoing portfolio shuffle by the asset manager and ETF issuer is pointing to signs of a looming sell-off. Summary BlackRock-owned wallets recently moved 2,544 BTC and 101,975 ETH to Coinbase Prime.The transfers comes as Bitcoin and Ethereum ETFs face billions in outflows.The broader crypto market is in the red, with altcoins and memecoins posting fresh losses. On August 5, blockchain trackers spotlighted major transfers from wallets linked to BlackRock, showing 2,

South Koreas first Korean won-backed stablecoin was recently launched in a test run by fanC in collaboration with financial software firm Initech. Could this be the start of Koreas stablecoin bid? Summary fanC and Initech have launched the first Korean won-backed stablecoin pilot.Major fintech and crypto-related firms in South Korea have been gearing up to be the first to publicly launch the first Korean won-pegged stablecoin. On August 5, fanC and Initech unveiled K

Multiple countries, including Indonesia and Brazil, are now exploring the creation of strategic Bitcoin reserves to strengthen economic resilience and modernize financial infrastructure. Summary Bitcoin Indonesia met with the Vice President’s office to present proposals outlining a Bitcoin reserve strategy.Brazil’s Congress will hold a public hearing on Aug. 20 to debate a bill allowing Bitcoin to be held in national reserves. Will Indonesia establish a strategic Bit

Jupiter has launched the private beta of Jupiter Lend, its long-awaited decentralized lending platform built on Solana. Summary Jupiter Lend private beta went live Aug. 6 with caps, limited assets, and safety-first rollout.Offers 95% LTV, near-zero liquidation penalties, and simple yield vaults.Public launch later in August with more features, vaults, and incentives. The rollout, announced Aug. 6, is available to users who joined the early access waitlist, with a fu

Changpeng “CZ” Zhao has asked a U.S. bankruptcy court to dismiss FTX’s $1.76 billion clawback lawsuit, claiming the court lacks jurisdiction over a foreign resident involved in offshore transactions. Summary CZ seeks dismissal of FTX’s $1.76B clawback suit, citing lack of U.S. jurisdiction.The disputed 2021 share deal involved offshore entities and foreign transfers.Motion claims U.S. bankruptcy law doesn’t apply; ruling is still pending. The request was filed on Au

Base, Coinbase’s Ethereum layer-2 blockchain, experienced a 33-minute network outage on Aug. 5 after a faulty sequencer transition halted block production. Summary Base’s block production paused for 33 minutes on August 5 due to a misconfigured sequencer.The outage was resolved manually, with infrastructure upgrades now underway.Other recent outages include Hyperliquid and TON, showing scalability scaling risks. A bug in Conductor, an OP (OP) Stack component that ove

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