Crypto

BitGo expands institutional services through NYDIG trading acquisition

Core Summary Polish Olympic Committee President Radosław Piesiewicz has been detained by Polish prosecutors over alleged bribery connections to the collapsed crypto exchange Zondacrypto. The case involves suspected bribery and money laundering, marking one of Europe’s biggest sports corruption scandals in recent years and highlighting the cascading risks from inadequate crypto industry oversight. Event Details CoinDesk first reported that Polish prosecutors, during their investigation of the collapsed exchange Zondacrypto, discovered the platform may have provided benefits to senior sports figures in exchange for political protection and business facilitation. Polish Olympic Committee chief Piesiewicz is the latest high-profile suspect detained. ...

Core Summary Asset management giant Grayscale officially launched the first-ever Zcash spot ETF on August 25, marking the first exchange-traded fund providing direct exposure to a privacy coin in crypto history. This move signals Zcash’s transition from a niche privacy tool to mainstream finance, offering investors a compliant and convenient channel for privacy asset allocation. The ETF launch not only validates the compliance feasibility of privacy coins but could also trigger a new wave of altcoin ETFs. ...

Strive announced on August 24, 2026, the acquisition of 1,110 bitcoin for $81.5 million, increasing total holdings to 21,356 BTC and ranking as the seventh-largest public company bitcoin holder. This move continues the institutional accumulation strategy during bitcoin price pullbacks, reflecting strong conviction in bitcoin’s long-term value.

Cryptocurrency exchange Coinbase announced on August 24, 2026, the launch of tokenized stock trading on its Base network. The initial offerings include tech giants Apple, Nvidia, Meta, and Alphabet, with these tokenized shares issued under its newly established Abu Dhabi framework. This move marks Coinbase’s official entry into the tokenized equity market, competing with rivals like TradFi and Securitize.

Core Summary Standard Chartered has become the first bank to distribute a Hong Kong dollar stablecoin, an important milestone in Hong Kong’s digital asset development. The launch of the HK dollar stablecoin will promote cross-border payment efficiency and consolidate Hong Kong’s position as an international financial center. Event Details Standard Chartered’s launch of the HK dollar stablecoin marks the formal entry of traditional financial institutions into the stablecoin sector. The HK dollar stablecoin will provide more efficient solutions for cross-border trade and payments. ...

Core Summary Strategy (formerly MicroStrategy) has raised $2 billion through MSTR stock sales and announced the establishment of a new “USD Cash” pool. This is the latest move in the company’s ongoing strategy to accumulate bitcoin. Notably, the company did not immediately use these funds to purchase bitcoin, instead choosing to build a liquidity reserve. Event Details Funding Scale and Purpose Strategy successfully raised $2 billion through additional MSTR stock issuance. The funds will be used for: ...

DeFi lending protocol Term Finance suffered a governance exploit, losing an estimated $8.5 million, exposing vulnerabilities in on-chain governance mechanisms.

Core Summary Cryptocurrency Zcash hit a historic moment on August 22, surging 48% to break the $800 mark and reach an all-time high. The direct catalyst for this surge was Grayscale, the asset management giant, filing for a Zcash spot ETF with the U.S. Securities and Exchange Commission. The market interpreted this move as Zcash potentially becoming the “next bitcoin,” triggering investor frenzy. This event reflects not only crypto market speculation but also subtle shifts in the regulatory environment. ...

Core Summary Bitcoin has surged past the $77,000 milestone in recent trading, reaching new highs. Market analysts attribute the rally to sustained institutional inflows, improving macroeconomic expectations, and a clearer regulatory environment. Investor sentiment has notably improved, though analysts caution about short-term volatility risks. Incident Details According to CoinDesk real-time data, Bitcoin rallied strongly during Asian trading hours, breaking through the psychological $77,000 barrier with a 24-hour gain exceeding 3%. Ethereum, Solana, and other major altcoins followed suit, pushing the total cryptocurrency market capitalization above $2.8 trillion. ...