On Aug 23, 2025, 02:27 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 116,000 USDT and is now trading at 115,979.992188 USDT, with a narrowed narrowed 2.21% increase in 24 hours.

According to BlockBeats, Onchain Lens monitoring has revealed that two whale addresses received nearly 7,000 ETH from Galaxy Digital approximately four hours ago. A newly created address starting with 0xa7a received 4,812 ETH, valued at $23 million. Another whale address beginning with 0xDda received 2,000 ETH, worth $9.63 million.

According to BlockBeats, Pendle co-founder TN Lee announced that the Total Value Locked (TVL) in Pendle has exceeded $10 billion, marking a new historical high. Lee attributed the rapid and robust growth of the protocol, which has evolved from a niche experiment to a cornerstone of decentralized finance (DeFi), primarily to the community's support. He emphasized that reaching $10 billion in TVL is not the end of Pendle's growth journey, expressing confidence in the protocol's potential to achieve even greater milestones.

According to BlockBeats, Ondo Finance has announced plans to introduce tokenized stocks on September 3. This development marks a significant step in the integration of traditional financial assets with blockchain technology, offering investors new opportunities for diversification and access to global markets.

According to BlockBeats, Ledn co-founder and CEO Adam Reeds has observed a significant shift in the market dynamics affecting digital asset treasury companies. Reeds noted that while these companies were once seen as revolutionary in the industry, their ability to achieve triple returns is diminishing. Over the past five years, MicroStrategy's value increased 24 times, compared to Bitcoin's tenfold rise, making such exceptional gains increasingly rare. Reeds highlighted that recent trends over the past week indicate a cooling off in the crypto treasury craze, primarily modeled after Strategy. The total market capitalization of DAT companies has fallen below $150 billion, with the cumulative market value of Bitcoin treasuries dropping from $165 billion a month ago to $134 billion, despite Bitcoin's relatively stable price. Additionally, Strategy's stock price has decreased from a high of $455 in July to $359 this past Friday, and Japan-listed Metaplanet's stock has seen a monthly decline of over 30%. Reeds emphasized that the real decline is in the ability to create a unique value proposition. Many DAT company CEOs claim their sole objective is to increase the per-share holding of cryptocurrencies, but it remains uncertain whether they possess unique management teams or exceptional capital operation capabilities.

Ledn CEO Adam Reeds warns Bitcoin treasury firms may see fewer big returns. source: https://www.cryptopolitan.com/ledn-ceo-says-btc-treasury-boom-is-fading/

Major asset managers update XRP ETF filings following SEC feedback, signaling strong institutional interest. source: https://coincu.com/356796-grayscale-xrp-etf-sec-filings

Bitcoin continues to trade below its recent highs, extending a pullback that began after reaching a record level above $124,000 last week. As of today, the cryptocurrency is priced around $115,347, reflecting a 7. 7% drop from its peak and a 3% decline over the past week. The downturn highlights a loss of momentum, with market data suggesting reduced demand from buyers on major exchanges source: https://www.newsbtc.com/bitcoin-news/bitcoin-slides-below-120k-as-buyers-retreat-is-the-rally-already-over/

According to BlockBeats, asset management companies Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree have submitted updated statements for their proposed spot XRP ETFs. This move highlights the financial firms' eagerness to secure listing approval from the U.S. Securities and Exchange Commission (SEC). Bloomberg ETF analyst James Seyffart noted that these submissions are likely a response to feedback from the SEC. He described this development as a positive sign, albeit an expected one. The revised documents appear to modify the structure of some funds, allowing for the creation of XRP or cash and the redemption of cash or physical assets, rather than solely cash creation and redemption.

VanEck aims to launch the first Solana ETF with JitoSOL, pioneering DeFi adoption in traditional markets. source: https://coincu.com/356793-vaneck-solana-etf-jitosol

The competition in stablecoins has shifted from issuance to distribution, with the Federal Reserve naming "stablecoins, smart contracts, and AI" as the three pillars of payment innovation.

Monetary policy, inflation, full text of Federal Reserve Chairman Powell's Jackson Hole speech, Golden Finance, the current economic situation and the near-term outlook for monetary policy.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

Observing the different technical paths of the Bitcoin ecosystem reveals that we are still in its developmental phase. Its true prosperity is still far from here. Therefore, the debate over the Bitcoin Layer 2 (L2) path has only just begun.

The launch of Stripe Tempo and Circle Arc marks a key turning point in the field of digital finance.

"The development of RWA should not be a race, but a long-distance race that requires patience and wisdom."

Pressure continues to build in the digital asset space, with a broad sell-off impacting major currencies. Derivatives activity is particularly active, leading to an increasingly sensitive and reflexive market structure.

AUSTRAC has ordered Binance Australia to hire an external auditor after finding serious gaps in its anti-money laundering and counter-terrorism controls. The move is part of a wider crackdown on crypto platforms in Australia, with regulators warning of local risks despite global systems.

South Korean prosecutors are pushing for a three-year jail term for actress and former singer Hwang Jung-eum, accusing her of embezzling billions of won from her own entertainment agency to fund crypto purchases.

After several unsuccessful attempts to hit the all-time high of $4870, Ethereum turned downward on August 14, starting its first round of adjustments after breaking through $4,000.