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BlackRock: Bitcoin’s 50%+ Pullback Does Not Change Its Long-Term Investment CaseBlackRock said in its latest report that Bitcoin fell more than 50% from its October 2025 all-time high, driven mainly by deleveraging, weaker capital flows, and slower buying from digital asset treasuries, rather than a change in its long-term investment case. At the time, open interest in crypto futures exceeded $90 billion, with about 80% coming from perpetual futures outside the CME; subsequent tariff shocks triggered multiple waves of liquidations, pushing Bitcoin below $60,000 in June 2026.
Meanwhile, spot Bitcoin ETPs attracted about $60 billion in cumulative inflows from January 2024 to October 2025, followed by about $5 billion in net outflows, while AI-focused funds saw more than $46 billion in inflows over the same period. Selling by Strategy and other digital asset treasuries and large holders also added to market pressure. BlackRock continues to view a small Bitcoin allocation as a potential portfolio diversification tool and a potential hedge against declining fiat purchasing power.
BlackRock: Bitcoin’s 50%+ Pullback Does Not Change Its Long-Term Investment Case
BlackRock said in its latest report that Bitcoin fell more than 50% from its October 2025 all-time high, driven mainly by deleveraging, weaker capital flows, and slower buying from digital asset treasuries, rather than a change in its long-term investment case. At the time, open interest in crypto futures exceeded $90 billion, with about 80% coming from perpetual futures outside the CME; subsequent tariff shocks triggered multiple waves of liquidations, pushing Bitcoin below $60,000 in June 2026.
Meanwhile, spot Bitcoin ETPs attracted about $60 billion in cumulative inflows from January 2024 to October 2025, followed by about $5 billion in net outflows, while AI-focused funds saw more than $46 billion in inflows over the same period. Selling by Strategy and other digital asset treasuries and large holders also added to market pressure. BlackRock continues to view a small Bitcoin allocation as a potential portfolio diversification tool and a potential hedge against declining fiat purchasing power.
Meanwhile, spot Bitcoin ETPs attracted about $60 billion in cumulative inflows from January 2024 to October 2025, followed by about $5 billion in net outflows, while AI-focused funds saw more than $46 billion in inflows over the same period. Selling by Strategy and other digital asset treasuries and large holders also added to market pressure. BlackRock continues to view a small Bitcoin allocation as a potential portfolio diversification tool and a potential hedge against declining fiat purchasing power.
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Highlight Clip: CZ: Stablecoins could reduce cross-border remittance fees to near zeroCZ: Stablecoins could reduce cross-border remittance fees to near zero
On July 31, 2026, Binance founder CZ said in an interview at the ASEAN Tech Summit that stablecoins and blockchain technology could potentially reduce cross-border remittance fees in the Philippines to nearly zero. The Philippines receives around $35 billion in remittances annually, while traditional remittance fees generally range from 5% to 7%, and can reach as high as 10%. He believes reducing fees should be the top priority for stablecoin adoption, while blockchain can also significantly improve transfer speeds and enable more efficient cross-border payments.
Highlight Clip: CZ: Stablecoins could reduce cross-border remittance fees to near zero
CZ: Stablecoins could reduce cross-border remittance fees to near zero
On July 31, 2026, Binance founder CZ said in an interview at the ASEAN Tech Summit that stablecoins and blockchain technology could potentially reduce cross-border remittance fees in the Philippines to nearly zero. The Philippines receives around $35 billion in remittances annually, while traditional remittance fees generally range from 5% to 7%, and can reach as high as 10%. He believes reducing fees should be the top priority for stablecoin adoption, while blockchain can also significantly improve transfer speeds and enable more efficient cross-border payments.
On July 31, 2026, Binance founder CZ said in an interview at the ASEAN Tech Summit that stablecoins and blockchain technology could potentially reduce cross-border remittance fees in the Philippines to nearly zero. The Philippines receives around $35 billion in remittances annually, while traditional remittance fees generally range from 5% to 7%, and can reach as high as 10%. He believes reducing fees should be the top priority for stablecoin adoption, while blockchain can also significantly improve transfer speeds and enable more efficient cross-border payments.
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SEC Proposes Crypto Asset Offering Rules With New Registration ExemptionsThe U.S. Securities and Exchange Commission proposed “Regulation Crypto Assets,” a tailored securities offering framework for certain investment contracts involving crypto assets. The proposal would create two exemptions from Securities Act registration: a one-time exemption allowing offerings of up to $5 million over a four-year period, and another allowing offerings of up to $75 million in any 12-month period. Both would require investor disclosures, while the larger exemption would also require financial statements and ongoing reporting.
The proposal would also establish a conditional safe harbor under which a crypto asset could cease to be subject to an investment contract if specified conditions are met, including after an issuer has completed or permanently ceased the essential managerial efforts it had promised to undertake. The SEC will accept public comments for 60 days after publication in the Federal Register.
SEC Proposes Crypto Asset Offering Rules With New Registration Exemptions
The U.S. Securities and Exchange Commission proposed “Regulation Crypto Assets,” a tailored securities offering framework for certain investment contracts involving crypto assets. The proposal would create two exemptions from Securities Act registration: a one-time exemption allowing offerings of up to $5 million over a four-year period, and another allowing offerings of up to $75 million in any 12-month period. Both would require investor disclosures, while the larger exemption would also require financial statements and ongoing reporting.
The proposal would also establish a conditional safe harbor under which a crypto asset could cease to be subject to an investment contract if specified conditions are met, including after an issuer has completed or permanently ceased the essential managerial efforts it had promised to undertake. The SEC will accept public comments for 60 days after publication in the Federal Register.
The proposal would also establish a conditional safe harbor under which a crypto asset could cease to be subject to an investment contract if specified conditions are met, including after an issuer has completed or permanently ceased the essential managerial efforts it had promised to undertake. The SEC will accept public comments for 60 days after publication in the Federal Register.
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Metaplanet to Invest 2,100 BTC in Super League to Build U.S. Bitcoin Treasury PlatformJapan-listed Bitcoin treasury company Metaplanet (TSE: 3350) and Nasdaq-listed Super League Enterprise (Nasdaq: SLE) have entered into a definitive agreement under which Metaplanet, through its U.S. subsidiary, will contribute 2,100 BTC worth about $132.1 million and $2.5 million in cash to Super League in exchange for common stock, preferred stock and warrants, for an initial investment of about $134.6 million. Upon closing, Super League will be renamed Superplanet, Inc., with its ticker expected to change to SUPA. Metaplanet is expected to own approximately 95.7% of Superplanet’s common stock, which will serve as its U.S. Bitcoin treasury platform.
Metaplanet to Invest 2,100 BTC in Super League to Build U.S. Bitcoin Treasury Platform
Japan-listed Bitcoin treasury company Metaplanet (TSE: 3350) and Nasdaq-listed Super League Enterprise (Nasdaq: SLE) have entered into a definitive agreement under which Metaplanet, through its U.S. subsidiary, will contribute 2,100 BTC worth about $132.1 million and $2.5 million in cash to Super League in exchange for common stock, preferred stock and warrants, for an initial investment of about $134.6 million. Upon closing, Super League will be renamed Superplanet, Inc., with its ticker expected to change to SUPA. Metaplanet is expected to own approximately 95.7% of Superplanet’s common stock, which will serve as its U.S. Bitcoin treasury platform.
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Cypherpunk Technologies Launches World’s Largest Zcash Mining Fleet With 18% of Network HashrateNasdaq-listed Zcash treasury company Cypherpunk Technologies (CYPH) has launched ZEC mining operations through its subsidiary Cypherpunk Mining, deploying approximately 4.2 GSol/s of Equihash hashrate across the U.S., representing about 18% of the Zcash network. The company said the fleet is currently the largest active mining fleet on Zcash. The mining rigs were funded through a $33.33 million equity transaction with Winklevoss Capital, while mining industry veteran Kevin Zhang was appointed head of mining. Cypherpunk currently holds 323,394 ZEC, or about 1.92% of circulating supply, and plans to use mining and further accumulation to advance its goal of holding 5% of ZEC’s total supply.
Cypherpunk Technologies Launches World’s Largest Zcash Mining Fleet With 18% of Network Hashrate
Nasdaq-listed Zcash treasury company Cypherpunk Technologies (CYPH) has launched ZEC mining operations through its subsidiary Cypherpunk Mining, deploying approximately 4.2 GSol/s of Equihash hashrate across the U.S., representing about 18% of the Zcash network. The company said the fleet is currently the largest active mining fleet on Zcash. The mining rigs were funded through a $33.33 million equity transaction with Winklevoss Capital, while mining industry veteran Kevin Zhang was appointed head of mining. Cypherpunk currently holds 323,394 ZEC, or about 1.92% of circulating supply, and plans to use mining and further accumulation to advance its goal of holding 5% of ZEC’s total supply.
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Arthur Hayes Comes Out of Retirement to Lead Flop Labs, FLOP Airdrop Planned for Q4 2026Arthur Hayes said he is “coming out of retirement” to lead Flop Labs. Flop Network is designed for the AI agent economy, with its native token FLOP serving as a payment asset for AI agents to access compute and other network services. FLOP will launch with no presale, no VC allocation and a 100% fair-launch model. The project expects a large-scale airdrop in Q4 2026, followed by the genesis block in Q1 2027.
Arthur Hayes Comes Out of Retirement to Lead Flop Labs, FLOP Airdrop Planned for Q4 2026
Arthur Hayes said he is “coming out of retirement” to lead Flop Labs. Flop Network is designed for the AI agent economy, with its native token FLOP serving as a payment asset for AI agents to access compute and other network services. FLOP will launch with no presale, no VC allocation and a 100% fair-launch model. The project expects a large-scale airdrop in Q4 2026, followed by the genesis block in Q1 2027.
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Falcon Finance Opens Regulated RWA Tokenization Pipeline in El Salvador, Starting With GPU FinancingFalcon Finance announced a regulated RWA tokenization pipeline in El Salvador, starting with a tokenized GPU forward financing instrument. NEAR AI will serve as anchor buyer of the GPU compute capacity and technology partner, while vGPU will handle equipment supply, installation and maintenance. The asset will be issued by licensed Salvadoran entity NOTA S.A.S. de C.V. and designed to trade on permissionless venues including Uniswap. Once sufficient volume and market depth are established, it may become eligible as collateral for minting USDf on Falcon Finance.
Sponsored by Falcon Finance
Falcon Finance Opens Regulated RWA Tokenization Pipeline in El Salvador, Starting With GPU Financing
Falcon Finance announced a regulated RWA tokenization pipeline in El Salvador, starting with a tokenized GPU forward financing instrument. NEAR AI will serve as anchor buyer of the GPU compute capacity and technology partner, while vGPU will handle equipment supply, installation and maintenance. The asset will be issued by licensed Salvadoran entity NOTA S.A.S. de C.V. and designed to trade on permissionless venues including Uniswap. Once sufficient volume and market depth are established, it may become eligible as collateral for minting USDf on Falcon Finance.
Sponsored by Falcon Finance
Sponsored by Falcon Finance
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Hyperliquid Policy Center and trade[XYZ] Urge SEC to Establish Pre-IPO Perpetuals FrameworkHyperliquid Policy Center and trade[XYZ], a Hyperliquid perpetual markets deployer, jointly submitted a comment letter to the U.S. SEC proposing a regulatory framework for pre-IPO perpetual contracts, or IPOPs. They recommend eventually allowing U.S. investors, including retail participants, to access such products. IPOPs would not represent shares, voting rights, or IPO allocation rights, but would provide pre-listing price exposure and price discovery. The two parties also urged the SEC and CFTC to clarify whether equity-linked perpetuals are security futures or security-based swaps, and establish rules on disclosures, listing standards, leverage, position limits, and market manipulation.
Hyperliquid Policy Center and trade[XYZ] Urge SEC to Establish Pre-IPO Perpetuals Framework
Hyperliquid Policy Center and trade[XYZ], a Hyperliquid perpetual markets deployer, jointly submitted a comment letter to the U.S. SEC proposing a regulatory framework for pre-IPO perpetual contracts, or IPOPs. They recommend eventually allowing U.S. investors, including retail participants, to access such products. IPOPs would not represent shares, voting rights, or IPO allocation rights, but would provide pre-listing price exposure and price discovery. The two parties also urged the SEC and CFTC to clarify whether equity-linked perpetuals are security futures or security-based swaps, and establish rules on disclosures, listing standards, leverage, position limits, and market manipulation.
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Highlight Clip: Pump fun Co-founder: I genuinely don't believe in decentralizationPump fun Co-founder: I genuinely don't believe in decentralization
On August 8, 2026, Pump fun co-founder Noah Tweedale stated in an interview with Crypto Insider that he is a massive bear on decentralization. He believes that looking back at internet history, the ultimate winners were companies that controlled the full stack and provided excellent user experiences, rather than underlying infrastructure.
He genuinely does not believe in decentralization, stating that the Pump Foundation solely cares about user experience. Using Solana as an example, he believes on-chain activity has migrated to the relatively centralized Solana because the user experience on Ethereum is poor. As long as the end-user experience is optimal, users do not care if the underlying chain is decentralized.
Highlight Clip: Pump fun Co-founder: I genuinely don't believe in decentralization
Pump fun Co-founder: I genuinely don't believe in decentralization
On August 8, 2026, Pump fun co-founder Noah Tweedale stated in an interview with Crypto Insider that he is a massive bear on decentralization. He believes that looking back at internet history, the ultimate winners were companies that controlled the full stack and provided excellent user experiences, rather than underlying infrastructure.
He genuinely does not believe in decentralization, stating that the Pump Foundation solely cares about user experience. Using Solana as an example, he believes on-chain activity has migrated to the relatively centralized Solana because the user experience on Ethereum is poor. As long as the end-user experience is optimal, users do not care if the underlying chain is decentralized.
On August 8, 2026, Pump fun co-founder Noah Tweedale stated in an interview with Crypto Insider that he is a massive bear on decentralization. He believes that looking back at internet history, the ultimate winners were companies that controlled the full stack and provided excellent user experiences, rather than underlying infrastructure.
He genuinely does not believe in decentralization, stating that the Pump Foundation solely cares about user experience. Using Solana as an example, he believes on-chain activity has migrated to the relatively centralized Solana because the user experience on Ethereum is poor. As long as the end-user experience is optimal, users do not care if the underlying chain is decentralized.
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According to SoSoValue data, U.S. spot Bitcoin ETFs recorded total net inflows of $298 million on August 17 (ET). Over the same period, U.S. spot Ethereum ETFs saw total net inflows of $30.85 million.
According to SoSoValue data, U.S. spot Bitcoin ETFs recorded total net inflows of $298 million on August 17 (ET). Over the same period, U.S. spot Ethereum ETFs saw total net inflows of $30.85 million.
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Wall Street Banking Giant Citi to Launch Digital Asset Custody Later This Year, Starting With Bit...Wall Street banking giant Citi announced the launch of Custody+, a new suite of near- and real-time custody solutions, and said it expects to go live with digital asset custody later this year, starting with Bitcoin. The service will be built on Citi’s common digital asset architecture and is designed to integrate traditional and crypto custody capabilities within the same framework, providing institutional clients with a one-stop custody experience.
Custody+ also integrates real-time settlement, cash and liquidity management, FX, and AI-powered market intelligence. Through Citi Token Services, Citi also enables near-instantaneous movement of tokenized deposits on a 24/7 basis across select markets.
Wall Street Banking Giant Citi to Launch Digital Asset Custody Later This Year, Starting With Bit...
Wall Street banking giant Citi announced the launch of Custody+, a new suite of near- and real-time custody solutions, and said it expects to go live with digital asset custody later this year, starting with Bitcoin. The service will be built on Citi’s common digital asset architecture and is designed to integrate traditional and crypto custody capabilities within the same framework, providing institutional clients with a one-stop custody experience.
Custody+ also integrates real-time settlement, cash and liquidity management, FX, and AI-powered market intelligence. Through Citi Token Services, Citi also enables near-instantaneous movement of tokenized deposits on a 24/7 basis across select markets.
Custody+ also integrates real-time settlement, cash and liquidity management, FX, and AI-powered market intelligence. Through Citi Token Services, Citi also enables near-instantaneous movement of tokenized deposits on a 24/7 basis across select markets.
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Alpha Arena Bali Final Set for August 20 With $100,000 Prize PoolThe Alpha Arena Bali Final will take place on August 20 during CoinFest Asia week in Bali, Indonesia, with MEXC Ventures as the Main Sponsor and TRIV as Co-host. The event is expected to feature 20 traders, including qualifiers from the regional online competition and participants from TRIV, with a total prize pool of $100,000.
Alpha Arena Bali Final Set for August 20 With $100,000 Prize Pool
The Alpha Arena Bali Final will take place on August 20 during CoinFest Asia week in Bali, Indonesia, with MEXC Ventures as the Main Sponsor and TRIV as Co-host. The event is expected to feature 20 traders, including qualifiers from the regional online competition and participants from TRIV, with a total prize pool of $100,000.
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Unitree Perpetuals on Hyperliquid Imply $40.5B Valuation, Over 300% Above IPO ValuationAccording to Bloomberg, Unitree Robotics is set to debut on the Shanghai Stock Exchange’s STAR Market on August 19. Perpetual futures linked to Unitree on Hyperliquid were trading at around $100 on August 18, implying a valuation of roughly $40.5 billion, more than 300% above its approximately $9 billion IPO valuation. Unitree priced its IPO at RMB 150.8 per share. CoinDesk previously reported that the contracts were trading at around $92–$94 on August 15, indicating that the onchain market’s valuation of the company has continued to rise ahead of its listing.
Unitree Perpetuals on Hyperliquid Imply $40.5B Valuation, Over 300% Above IPO Valuation
According to Bloomberg, Unitree Robotics is set to debut on the Shanghai Stock Exchange’s STAR Market on August 19. Perpetual futures linked to Unitree on Hyperliquid were trading at around $100 on August 18, implying a valuation of roughly $40.5 billion, more than 300% above its approximately $9 billion IPO valuation. Unitree priced its IPO at RMB 150.8 per share. CoinDesk previously reported that the contracts were trading at around $92–$94 on August 15, indicating that the onchain market’s valuation of the company has continued to rise ahead of its listing.
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Unitree Perpetuals on Hyperliquid Imply $40.5B Valuation, Over 300% Above IPO ValuationAccording to Bloomberg, Unitree Robotics is set to debut on the Shanghai Stock Exchange’s STAR Market on August 19. Perpetual futures linked to Unitree on Hyperliquid were trading at around $100 on August 18, implying a valuation of roughly $40.5 billion, more than 300% above its approximately $9 billion IPO valuation. Unitree priced its IPO at RMB 150.8 per share. CoinDesk previously reported that the contracts were trading at around $92–$94 on August 15, indicating that the onchain market’s valuation of the company has continued to rise ahead of its listing.
Unitree Perpetuals on Hyperliquid Imply $40.5B Valuation, Over 300% Above IPO Valuation
According to Bloomberg, Unitree Robotics is set to debut on the Shanghai Stock Exchange’s STAR Market on August 19. Perpetual futures linked to Unitree on Hyperliquid were trading at around $100 on August 18, implying a valuation of roughly $40.5 billion, more than 300% above its approximately $9 billion IPO valuation. Unitree priced its IPO at RMB 150.8 per share. CoinDesk previously reported that the contracts were trading at around $92–$94 on August 15, indicating that the onchain market’s valuation of the company has continued to rise ahead of its listing.
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HTX Users Suspected of Sending Mass Small “Poisoning” Transfers to Exchange Addresses; Some Accou...HTX said it is investigating reports that some addresses received small transfers appearing to originate from HTX. The exchange said an internal review found that it had not initiated any related transfers or testing activity. HTX is examining the source and cause of the transactions, including the possibility of address-labeling or on-chain attribution errors, and said it will disclose findings once confirmed.
HTX Users Suspected of Sending Mass Small “Poisoning” Transfers to Exchange Addresses; Some Accou...
HTX said it is investigating reports that some addresses received small transfers appearing to originate from HTX. The exchange said an internal review found that it had not initiated any related transfers or testing activity. HTX is examining the source and cause of the transactions, including the possibility of address-labeling or on-chain attribution errors, and said it will disclose findings once confirmed.
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South Korea Blocks Polymarket Over Gambling ConcernsSouth Korea’s media regulator voted on Aug. 18 to block access to Polymarket, saying its winner-take-all markets on events including politics, elections, sports and weather encourage gambling. Polymarket argued that its non-custodial peer-to-peer structure and smart contracts mean it does not directly control user funds.
South Korea Blocks Polymarket Over Gambling Concerns
South Korea’s media regulator voted on Aug. 18 to block access to Polymarket, saying its winner-take-all markets on events including politics, elections, sports and weather encourage gambling. Polymarket argued that its non-custodial peer-to-peer structure and smart contracts mean it does not directly control user funds.
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Balaji’s Network School Restarts in Kazakhstan After Malaysia ShutdownFormer Coinbase CTO Balaji Srinivasan said Network School is back up and running in Kazakhstan and has opened a new round of applications. Its previous campus in Malaysia’s Forest City was ordered to cease operations in July after local authorities revoked its business license over licensing and premises-use violations.
Balaji’s Network School Restarts in Kazakhstan After Malaysia Shutdown
Former Coinbase CTO Balaji Srinivasan said Network School is back up and running in Kazakhstan and has opened a new round of applications. Its previous campus in Malaysia’s Forest City was ordered to cease operations in July after local authorities revoked its business license over licensing and premises-use violations.
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Jane Street Discloses Over $1 Billion in Bitcoin ETF Holdings, Led by BlackRock’s IBITQuant trading giant Jane Street disclosed more than $1 billion in U.S. spot Bitcoin ETF holdings as of June 30, with roughly $828 million invested in BlackRock’s IBIT and the remainder spread across products including Fidelity’s FBTC and Grayscale’s GBTC. The positions are holdings of ETF shares rather than direct Bitcoin ownership.
Jane Street Discloses Over $1 Billion in Bitcoin ETF Holdings, Led by BlackRock’s IBIT
Quant trading giant Jane Street disclosed more than $1 billion in U.S. spot Bitcoin ETF holdings as of June 30, with roughly $828 million invested in BlackRock’s IBIT and the remainder spread across products including Fidelity’s FBTC and Grayscale’s GBTC. The positions are holdings of ETF shares rather than direct Bitcoin ownership.
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Highlight Clip: Robinhood CEO: Stock Tokens Will Be DeFi's Most Important PrimitiveRobinhood CEO: Stock Tokens Will Be DeFi's Most Important Primitive
On August 7, 2026, Robinhood CEO Vlad Tenev said on Future Investing that Robinhood Chain is the fastest-growing chain in history, reaching 100 million transactions faster than any other chain. He said stock tokens are among the most important underlying assets on the chain. Tenev noted that it took Robinhood years to reach $10 billion in trading volume, while the chain achieved the same in just weeks.
He believes the chain's rapid growth is driven by a positive feedback loop between liquidity and trading volume, with major wallets integrating quickly and developer activity ranking among the top. He said this is a long-term game, and that continued TVL growth is what he is watching most closely.
Highlight Clip: Robinhood CEO: Stock Tokens Will Be DeFi's Most Important Primitive
Robinhood CEO: Stock Tokens Will Be DeFi's Most Important Primitive
On August 7, 2026, Robinhood CEO Vlad Tenev said on Future Investing that Robinhood Chain is the fastest-growing chain in history, reaching 100 million transactions faster than any other chain. He said stock tokens are among the most important underlying assets on the chain. Tenev noted that it took Robinhood years to reach $10 billion in trading volume, while the chain achieved the same in just weeks.
He believes the chain's rapid growth is driven by a positive feedback loop between liquidity and trading volume, with major wallets integrating quickly and developer activity ranking among the top. He said this is a long-term game, and that continued TVL growth is what he is watching most closely.
On August 7, 2026, Robinhood CEO Vlad Tenev said on Future Investing that Robinhood Chain is the fastest-growing chain in history, reaching 100 million transactions faster than any other chain. He said stock tokens are among the most important underlying assets on the chain. Tenev noted that it took Robinhood years to reach $10 billion in trading volume, while the chain achieved the same in just weeks.
He believes the chain's rapid growth is driven by a positive feedback loop between liquidity and trading volume, with major wallets integrating quickly and developer activity ranking among the top. He said this is a long-term game, and that continued TVL growth is what he is watching most closely.
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Farcaster Seeks New Operator Again Less Than Seven Months After Neynar TakeoverNeynar is seeking a new team to take over the Farcaster protocol, token-launch platform Clanker and its developer platform, less than seven months after acquiring Farcaster from Merkle Manufactory. Farcaster’s gross protocol revenue has fallen sharply from $35.43 million in the first quarter of 2026 to about $377,000 between July 1 and Aug. 17.
Farcaster Seeks New Operator Again Less Than Seven Months After Neynar Takeover
Neynar is seeking a new team to take over the Farcaster protocol, token-launch platform Clanker and its developer platform, less than seven months after acquiring Farcaster from Merkle Manufactory. Farcaster’s gross protocol revenue has fallen sharply from $35.43 million in the first quarter of 2026 to about $377,000 between July 1 and Aug. 17.
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EthereumOpensGlamsterdamEarlyTestnet
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#EthereumOpensGlamsterdamEarlyTestnet The hashtag **`#EthereumOpensGlamsterdamEarlyTestnet`** refers to the early testing phase for Ethereum's **"Glamsterdam"** network upgrade (preceded by early devnets/testnets like **Platåberget**).
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### What is the "Glamsterdam" Upgrade?
Glamsterdam (a combination of **G**-city name and **Amsterdam**, following Ethereum's naming convention for execution layer upgrades) represents one of Ethereum's upcoming scheduled hard forks.
Key developments associated with the Glamsterdam testing phase include:
* **Gas Fee Improvements & Execution Tweaks:** Upgrades to optimize gas fee mechanisms and transaction throughput.
* **Increased Smart Contract Code Size:** Expanding maximum contract size limits (e.g., up to 64 KiB), allowing developers to build more complex decentralized applications (dApps) without workaround splitting.
* **Early Devnet Testing (Platåberget):** Developers and node operators test client interactions, contract deployments, and potential edge cases before mainnet deployment.
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### Why is it Trending on Crypto Feeds?
* **Binance Square Promotional & Discussion Campaigns:** The hashtag is trending across social media and platform campaigns (such as Binance Square task hubs or creator post prompts), where creators share developer updates, market sentiment, and network milestones.
* **Developer Engagement:** Early testnets allow developers to claim testnet tokens via faucets, test gas estimations, and prepare smart contracts ahead of the fork activation.$BNB
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