Crypto Industry News & Market Trends

Shinhan taps Solana for Korean won tokenized fund

South Koreas Shinhan Asset Management signed a four-party memorandum on Aug. 21 to test a Korean won tokenized fund using the Solana blockchain.　　The agreement brings together Shinhan Asset Management, the Solana Foundation, tokenization platform Etherfuse and decentralized exchange Orca. The participants will conduct a proof of concept covering the funds issuance and distribution process.　　The planned product would invest in short term Korean won bonds and target overseas institutional investors. However, the participants have not announced the funds size, expected yield or public launch date.　　Shinhan will test the complete tokenized fund process　　The proof of concept will examine the steps needed to issue and distribute a regulated tokenized fund. These include know your customer checks, anti-money laundering controls, token issuance and onchain liquidity arrangements.　　BREAKING: Koreas Shinhan Asset Management is building a KRW tokenized fund on Solana, modeled on BlackRocks BUIDL　　Shinhan will provide asset management and regulatory expertise. Etherfuse will supply infrastructure for creating and managing the tokenized assets. Orca will help design the liquidity system used to distribute or exchange the fund tokens on Solana.　　The Solana Foundation said the model draws from BlackRocks BUIDL fund, one of the largest tokenized money market products. The comparison refers to the blockchain based distribution model.

08-21Industry

Bitcoin ETFs Post $606 Million Inflow, Biggest Since May 1

Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded $606.29 million in net inflows on August 20, marking a fourth consecutive day of inflows.The total is the largest single-day haul the funds have seen since May 1.　　Spot Ethereum (ETH) ETFs added $221 million the same day, also extending a four-day inflow streak. The dual demand landed as bitcoin traded at $75,524, continuing a market-wide rally that has run through the week.　　Sponsored　　Sponsored　　Bitcoin ETFs Extend a Four-Day Run　　Thursdays inflow followed $517.19 million on August 19, $189.30 million on August 18, and $297.56 million on August 17. Combined, the four-day run has pushed cumulative net inflows for the category to $53.40 billion.　　Inflows have been growing as BTCs price rallied. Image Source: SoSo Value　　The last time Bitcoin ETFs booked a bigger single day was May 1. That day, the funds pulled in $629.73 million, and total net assets crossed $100 billion for the first time.　　BlackRock‘s IBIT led the day’s inflows with $502.99 million, more than 80% of the days total. The broader crypto market rally that has lifted Bitcoin this week has coincided with a wave of short liquidations squeezing bearish positions across the market.　　Ethereum Demand Builds Alongside Bitcoin　　Ethereum ETFs have moved in step with their

08-21Industry

Bhutan transfers 490 BTC worth $32.7M to new wallets

The Royal Government of Bhutan has moved 490.87 Bitcoin worth about $32.74 million to fresh wallets over the past 24 hours, extending a series of large BTC transfers from state-linked addresses in 2026.　　According to blockchain analytics platform Onchain Lens, the latest activity included a 485 BTC transfer worth approximately $32.31 million, which accounted for nearly all of the Bitcoin moved during the period.　　BHUTAN MOVES $32.7M BTC TO FRESH WALLETS　　The Royal Government of Bhutan moved 490.87 $BTC (~$32.74M) to fresh wallets over the past day.　　The largest transfer was 485 $BTC (~$32.31M). pic.twitter.com/DQLs7MHrCT　　— Onchain Lens (@OnchainLens) August 21, 2026　　Smaller transactions made up the remaining amount, with Onchain Lens data showing BTC leaving wallets identified as belonging to the Royal Government of Bhutan. The analytics platform did not identify the fresh recipient wallets as exchanges or trading firms, and it did not confirm whether the transfers represented sales.　　The distinction is important because a transfer to a newly created or unidentified wallet does not establish what happened to the Bitcoin afterward. Bhutan has previously moved BTC to unknown addresses as well as wallets connected to trading firms, making the eventual destination relevant when determining whether funds were sold or simply reorganized.　　Bhutan Bitcoin transfers have

08-21Industry

Bitcoin miners spend $5.1B chasing AI revenue

Public Bitcoin miners spent $5.11 billion on capital assets during the first half of 2026 while reporting only $341.2 million in artificial intelligence and high performance computing revenue, according to an Aug. 20 analysis from BlocksBridge Consulting.　　SummaryNine public Bitcoin miners spent $5.11 billion on capital assets during first half of 2026 collectively.Their directly reported AI and HPC revenue totaled $341.2 million, creating a fifteen-to-one spending-to-revenue ratio overall.AI and HPC revenue reached $205.8 million in Q2, rising 52% from the preceding quarter collectively.Fifteen miners and data center companies spent $30.7 billion in their latest 2026 reporting periods already.CoinShares expanded WGMIs mandate across mining, data centers, semiconductors, power generation and advanced computing companies.　　The figures produce a roughly 15 to 1 ratio between companywide capital spending and directly reported AI and HPC revenue. They show how much infrastructure miners are building before their newer operations reach full commercial capacity.　　The comparison does not measure returns on AI investments alone. BlocksBridge included purchases and allocations involving hardware, property, equipment and other productive assets. Some spending may continue supporting Bitcoin mining operations.　　You might also like:　　Former Bitcoin miner Firmus raises $2B as Blackstone, Nvidia back AI push　　Bitcoin miners face a costly infrastructure conversion　　BlocksBridge examined nine comparable miners

08-21Industry

President Trump crypto profits called inappropriate by 63%: poll

Most Americans believe President Donald Trump and his family should not earn money from cryptocurrency while he holds office, according to a Reuters/Ipsos poll released on Aug. 19.　　Summary63% of surveyed Americans called Trump family crypto profits inappropriate, while 32% considered them appropriate.69% of Republicans considered the profits appropriate, while 92% of Democrats described them as inappropriate.1,166 adults participated in the four-day Reuters/Ipsos poll with a three-point overall sampling error margin.Reuters calculated more than $1.4 billion in 2025 crypto income from Trumps financial disclosure filing.69% said private business interests influence presidential decisions, extending concern beyond cryptocurrency earnings and investments.　　The survey found that 63% of respondents considered the Trump familys crypto profits inappropriate. Another 32% viewed the activity as appropriate, while the remaining respondents did not answer the question.　　Reuters and Ipsos conducted the nationwide online survey between Aug. 14 and Aug. 17. The poll included 1,166 U.S. adults and carried a margin of error of about three percentage points.　　You might also like:　　Trump calls for ‘fair’ CLARITY Act at White House event　　Trump crypto profits expose a partisan divide　　Views differed sharply by political affiliation. About 69% of Republicans considered the familys cryptocurrency earnings appropriate, according to the reported results. By comparison, 92% of Democrats

08-21Industry

MANTRA token sinks 18% to record low amid blockchain halt

MANTRAs native token sank 18.5% from its 24-hour high to a record low shortly before MANTRA Chain stopped producing blocks and its team announced a precautionary halt over an unexplained incident.　　According to CoinGecko, MANTRA fell from $0.005060 to an all-time low of $0.004126 around 11:00 pm UTC on Thursday. It later recovered to about $0.0044 but remained down roughly 10% over 24 hours, while trading volume climbed nearly 600% to $24 million.　　MANTRA said Friday it was “aware of an incident affecting MANTRA Chain” and had halted the network as a precaution while it investigated. “We dont have a root cause or timeline to share yet,” the project said, adding that all endpoints and transactions were frozen.　　The halt prevents assets from moving on MANTRA Chain and has prompted affected exchanges to pause deposits and withdrawals, with no timeline given for either service to resume.　　MANTRAs 24-hour price chart. Source: CoinGecko　　MANTRA Chain remains halted as investigation continues　　MANTRAs status page classified the incident as a full outage affecting public endpoints, validators, bridge migration operations and MANTRA-managed Inter-Blockchain Communication relays. The team said it would not restart the network until it was confident it was safe.　　The networks public RPC listed block 17,449,398, produced at 11:13

08-21Industry

Capital.com plans UAE spot crypto launch after license

Capital.com plans to introduce spot cryptocurrency services in the United Arab Emirates after its affiliate, Capital Vault, received a virtual asset license from the UAE Capital Market Authority.　　Capital.com announced the approval on Aug. 21. The license authorizes Capital Vault to deal in virtual assets as an agent or matching principal and provide custody services for clients.　　Once the service launches, eligible UAE customers will be able to buy and hold actual crypto assets through the Capital.com application. Capital Vault will handle trade execution, custody and settlement.　　Capital.com did not disclose a launch date, list of supported cryptocurrencies, trading fees or minimum account requirements. The availability of every product may also depend on customer eligibility and local regulatory conditions.　　Capital.com will offer ownership beyond CFD exposure　　Capital.com currently provides crypto market exposure through contracts for difference in supported jurisdictions. A CFD tracks the price of an asset without transferring ownership of the underlying cryptocurrency to the trader.　　https://t.co/dx6KYcBMYq to offer spot virtual asset trading in UAE following affiliate Capital Vaults CMA licence approval.　　— MSB Intel (@MSBIntel) August 21, 2026　　The planned spot service changes that structure. Customers will acquire crypto held through Capital Vault rather than entering a derivative contract with exposure to price movements.　　This distinction also

08-21Industry

MANTRA price falls 10% as network halts transactions

MANTRA Chain halted its network on Aug. 21 while investigating an unidentified incident, freezing transactions and preventing assets from moving across the RWA focused Layer 1 blockchain.　　The team initially described the shutdown as a precaution. Its latest status update said the network remained halted as engineering and security teams investigated alongside external partners.　　Affected components include validators, public blockchain endpoints, MANTRA Bridge migration operations and MANTRA managed Inter Blockchain Communication relays. Deposits and withdrawals through affected exchanges have also been paused.　　MANTRA has not disclosed the suspected cause, the block height where the incident began or whether an attacker gained access to funds. It has not reported any stolen, minted or otherwise compromised assets.　　MANTRA Chain halt prevents assets from moving　　The shutdown stops validators from processing new transactions. Users therefore cannot complete transfers, interact with applications or move assets through affected bridges while the halt remains active.　　MANTRA said no action was required from users. It also warned against people offering “recovery” assistance, a common method used by scammers during blockchain disruptions.　　“We will not resume the network until we are confident it is safe to do so,” the team said. It promised regular updates but did not provide a recovery estimate.　　Were aware of an

08-21Industry

Binance founder CZ says ‘tokenize everything’ to attract investors

Binance founder Changpeng Zhao said on Aug. 21 that countries could use tokenization to raise capital and attract foreign direct investment by offering digital representations of assets to global investors.　　SummaryCZ said tokenization could help governments raise capital and attract foreign direct investment from abroad.He supports issuing tokenized assets across multiple blockchains despite the resulting fragmentation of market liquidity.CZ argued that greater interchangeability between issuers could reduce some liquidity fragmentation across blockchain networks.BNB Chain reported 776,000 RWA holders, while RWA.xyz measured 776,428 addresses on August 19, 2026.Tokenized shares remain securities and must comply with applicable laws governing issuance and secondary trading.　　“Lets tokenize everything,” CZ wrote in an X post. He argued that countries and companies have an incentive to sell tokenized shares to investors worldwide.　　CZ also backed issuing tokenized assets across every blockchain rather than selecting a single network. He acknowledged that this approach would create fragmented liquidity but said parallel development would be the fastest way to expand the sector.　　His comments represented a policy and industry view, not a formal investment initiative from Binance, BNB Chain or any government. CZ did not identify countries preparing tokenized share offerings or provide a timeline for their launch.　　Lets tokenize everything.　　Tokenization is one of

08-21Industry

Upbit lists 4 altcoins in South Korea with 8 pairs

South Korean cryptocurrency exchange Upbit will add Bitcoin and Tether trading pairs for Biconomy, Bubblemaps, Nillion and ETHGas on Aug. 21.　　The exchange originally scheduled the eight markets to open at 13:00 Korea Standard Time. Upbit updated its official notice at 12:50 KST and postponed trading until 16:00 KST, a three hour delay.　　Upbit did not give a detailed reason for the change. It apologized for the inconvenience and retained the previously announced deposit networks and initial order restrictions.　　The exchange warned that trading could face another delay if deposits and withdrawals fail to establish sufficient liquidity before the revised opening time.　　Upbit listing covers eight new trading pairs　　Each of the four tokens will receive one BTC pair and one USDT pair. Upbit did not announce Korean won markets for the assets.　　BICO, NIL and GWEI deposits must use Ethereum. BMT deposits must use Solana. Upbit will not process transfers made through unsupported networks, even when another version of the same token exists elsewhere.　　바이코노미(BICO), 버블맵스(BMT),닐리온(NIL), 이더가스(GWEI) BTC, USDT 마켓 거래지원 안내　　✅ 지원 마켓 : BTC, USDT 마켓　　???? 거래지원 개시 시점: 2026-08-21 13:00 KST 예정　　The exchange provided contract addresses for each supported asset. Users should verify those addresses and the selected blockchain before transferring funds. Deposits

08-21Industry

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