CATE drops 60% after $90 million run
- Trencher
- Shitposter
- Shiller
CATE ran from about $10 million to $91 million, then heavy selling pushed its market cap to roughly $37 million before a rebound toward $50 million.
CATE ran from about $10 million to $91 million, then heavy selling pushed its market cap to roughly $37 million before a rebound toward $50 million.
Interfold launched FOLD for bonding and governance on its privacy network. Some airdropped tokens remain nontransferable and begin vesting September 1 over two years.
Robinhood Chain reached a record 375,000 active addresses as DEX volume rose to $361 million and launchpad volume rebounded to $212 million. Uniswap controls 97% of the chain’s DEX liquidity.
CYBERLEEK launched on Raydium on August 15, before GTA pages pushed it alongside purported GTA 6 footage. Rockstar has no stated link to the token, and access to any playable build remains unproven.
CASHCAT fell to about $0.107, down 47% from ThinkingUSD’s mid-July short entry near $0.199 and about 10% over 24 hours. The short gained roughly $92,000.
U.S.-Canada trade talks collapsed, triggering 50% U.S. tariffs on about $20 billion of Canadian goods and a dollar-for-dollar retaliation pledge from Canada. The escalation could push markets risk-off and weigh on Bitcoin.
The Treasury doubled long-end debt buybacks to at least $4 billion per operation after the 30-year yield hit 5.34%. Bitcoin rose about 21% after the announcement to above $79,000, with roughly $3.8 billion in shorts liquidated over two days, though the buyback's role remains unclear.
Trump said CFTC Chair Mike Selig is working to bring Hyperliquid into the United States legally. No formal plan or timeline has followed, and HYPE later traded above $80 at a new high.
Grayscale plans to convert its Zcash Trust into an ETF with a 2.5% annual fee. Shares are expected to start NYSE trading as ZCSH on August 25, subject to regulatory approval.
Trump said the U.S. will not resume talks until Iran is ready to sign a deal and left military action on the table. Oil gained more than $2, adding pressure to Bitcoin.
Situational Awareness entered liquidation in July after a pullback in its leveraged memory-chip positions. Citadel later sold more than 80% of the exposure it acquired, which may have weighed on Bitcoin miners that had pivoted into AI infrastructure.
The Senate scheduled a procedural vote on the CLARITY Act for September 15. CFTC Chair Michael Selig directed staff to explore crypto market-structure rules if Congress keeps the bill stalled, including a route for leveraged and margin trading under CFTC oversight.
Strategy raised $333.7 million through MSTR sales and spent $132.2 million to retire $138.9 million of STRC. It bought or sold no Bitcoin and added $149.1 million to its cash reserves.
Coldcard released firmware 5.6.1 after weak Mk3 seed generation was linked to Bitcoin thefts. Users who generated seeds from 2021 through July 2026 must create new ones with physical entropy and move their funds.
XRP doubled over the week and reached about $1.60 after briefly falling below $1. Open interest returned to levels seen before the dump.
TradeXYZ allocated about $3.4 million, or 12% of perpetual-fee revenue, to buy roughly 59,000 HYPE through time-weighted orders. It also plans to let HIP-3 markets set fees from a 90% discount to three times the standard rate.
Ansem launched Z500, an onchain index of curated token launches. Projects burn ANSEM to unlock premium launch tiers and reserve at least 3% of each new token for ANSEM holders.
BLUECHIP launched on Base through O1 Exchange with a trading pair against tokenized Nvidia stock.
The SEC proposed Reg Crypto, letting qualifying token issuers raise up to $75 million a year without full registration and smaller teams raise up to $5 million over four years. Form TR could end the investment contract once promised managerial work is finished or permanently stopped.
Pump.fun generated a record $10.03 million in protocol fees from August 3 to 9, up 12% week over week. It bought back and burned 2.15 billion PUMP worth $5.02 million.
The Sandbox contained a cross-chain bridge exploit that minted billions of unbacked SAND on Base and BNB Chain. It blocked bridge transfers, said Ethereum, Polygon and user wallets were unaffected, and plans to compensate affected liquidity providers.
Stripe bought OpenRouter for about $7 billion, adding a router used by 8 million developers across more than 400 AI models. The deal could pair that distribution with Stripe’s stablecoin and wallet products, though that integration remains uncertain.
Justin Sun says a California judge kept his individual claims against World Liberty Financial in open court. WLFI co-founder Zach Witkoff says the judge issued no ruling and indicated that many claims should go to arbitration.
Bitcoin fell from $79,500 to $77,000 in a rapid reversal. Roughly $525 million in crypto longs were liquidated within an hour, rising to about $600 million over two hours.
SPCXX nearly returned to its $135 IPO price this week. Traders also noted that its Hyperliquid perpetual wicked lower alongside Bitcoin.