Michael Saylor's Strategy sold about $2 billion of its own MSTR shares last week, 18,261,118 shares between Aug 17 and 23, yet made no bitcoin purchases, a notable pause for the largest corporate holder of the asset.

The proceeds were split three ways: $136.4 million went to buy back STRC preferred stock, $300 million lifted the company's USD reserve to $5.1 billion, and the remaining $1.59 billion seeded a brand-new "USD Cash" liquidity account. Strategy describes USD Cash as a separately designated dollar pool it can later deploy for general treasury purposes, including buying bitcoin, paying preferred dividends and interest, or repurchasing its stock and notes.

Its bitcoin position is unchanged at 840,447 BTC, worth about $65.8 billion and bought for roughly $63.4 billion at an average $75,385, leaving around $2.4 billion in unrealized gains. The stack now equals close to 4% of bitcoin's 21 million supply cap.

The pause stands out because Strategy spent much of 2025 and 2026 buying nearly every dip. MSTR trades at a 74% discount to its 2025 peak with enterprise mNAV near 1.0, so building a cash buffer instead of adding coins reads as a more defensive posture. Shares ticked up 1.3% pre-market on the filing.

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The Office of the Comptroller of the Currency has granted World Liberty Financial preliminary conditional approval to charter a national trust bank that would issue and redeem its USD1 stablecoin and hold the reserves backing it.

Once open, World Liberty Trust Company would run under federal supervision, custody digital assets for institutional clients, and manage the reserve behind USD1, a dollar-backed stablecoin that now has more than $4B in circulation. The firm is closely tied to the Trump family: an affiliate of the president and family members hold a reported 38% stake. The charter also lands amid a wider opening of the bank pipeline, with the OCC approving more new charters in the first 19 months of this term than in the prior five years combined.

The approval is preliminary. Before it can begin operations, the company must hold at least $20M in capital, hire a qualified internal audit manager, notify the OCC of any material changes to its business plan, and clear the remaining pre-opening conditions.

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Secret Network minted 1.079 billion SCRT through its v1.26 community upgrade after Proposal 365 passed, cutting existing holders' collective share to about a quarter of the new total even as their token balances stay the same.

The mint is a survival mechanism: SCRT Labs, the Cosmos L1's core developer, ends its support on September 1, so the community voted to self-fund the chain. The new SCRT was split across foundation and core-development programs (299M each), an ecosystem fund (178M), and smaller buckets for advisors, R&D, validators, builders and remediation, with 308M liquid on day one and ongoing inflation set at 5%.

Holders were not airdropped anything; the dilution simply shrinks everyone's slice to keep development, infrastructure and validators funded. It also lands at a brutal moment: just four days ago Binance said it will delist SCRT on September 3, pulling the token from its largest order books only days after the developer exit.

Within a single week, Secret loses its lead developer, its biggest exchange's liquidity, and three-quarters of every holder's share, then leans entirely on community funding to survive. It is a stark test of whether community-run tokenomics can keep an orphaned Layer 1 alive.

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Stablecoin neobank Fasset raised $68M led by Japan's SBI Group at a $1B valuation, just three months after its $51M Series B and taking its 2026 funding to $119M.

Fasset says revenue is up roughly sixfold over the past year and it has been profitable for 12 straight months, processing more than $32B in annualized transaction volume across 125 countries and 50-plus payment corridors. CEO Mohammad Raafi Hossain framed the raise around scaling a compliant stablecoin bank rather than chasing growth at a loss.

The plan is to tap SBI's financial network to widen stablecoin payment rails across Japan, Asia and other emerging markets, where dollar access and cross-border transfers remain expensive and slow.

Hitting unicorn status on a profitable, revenue-generating base makes Fasset a rare stablecoin play that reads more like a fintech than a token bet, and hands SBI a direct lever into emerging-market payments.

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Term Finance, an Ethereum fixed-rate lending protocol, was drained of about $8.5M after an attacker cornered a majority of its thinly-held DAO token and voted through malicious proposals to seize the protocol's strategy vaults.

The attack cost almost nothing to set up: the attacker's funding traced to just 2 ETH routed through Tornado Cash. Because the governance token had a low float and thin voter turnout, that small stake was enough to clear the proposal and quorum thresholds and self-approve transactions that redirected vault assets.

Roughly 2,843 ETH (about $6.87M) and 1.68M USDC were pulled out, with the USDC swapped into DAI. Decurity's Defimon bot flagged it first, and PeckShield and CertiK confirmed it. Term Labs irreversibly shut down all Term Meta Vaults and revoked their DAO roles, blocking new deposits while keeping withdrawals open.

It is a textbook governance takeover: when a token is cheap and sparsely held, control of the treasury can cost far less than the treasury itself, a risk any low-float DAO with money in its vaults should treat as live.

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Circle and Tether have minted a combined $3 billion in stablecoins over the past two days, signaling accelerating demand for on-chain dollars.

Tether minted $2 billion USDT on TRON in two separate $1 billion batches, while Circle also expanded USDC supply. The combined circulating supply of USDT and USDC has now surpassed $250 billion, highlighting the continued growth of stablecoins as liquidity infrastructure for crypto markets.

The latest USDT mints come alongside flows toward Binance, fueling speculation that fresh liquidity could enter the market.

The surge in stablecoin supply points to growing demand for digital dollars and on-chain liquidity, while increase the amount of capital available for trading, payments, lending, and settlement across crypto markets.

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OpenAI has launched an Apple Messages plugin for ChatGPT on Mac, allowing users to search conversations, catch up on messages, draft replies, and send messages directly through ChatGPT.

Users can ask ChatGPT to find missed conversations, suggest follow-ups, identify birthdays, or draft replies based on their calendar availability. The integration is currently available to ChatGPT Work and Codex users on Mac through the public Plugins section.

The feature is opt-in, but enabling it requires granting ChatGPT access to on-device Messages history, contacts, automation tools, and Full Disk Access in macOS.

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BounceBit has decided to permanently disable BounceBit Chain after an attacker exploited an authorization vulnerability in the Evmos-based protocol, transferring 286.5M BB from nine mainnet accounts across 14 transactions.

The exploit was caused by a protocol-level authorization flaw and did not involve private key leaks, wallet compromises, or exchange breaches. BounceBit’s CeDeFi Strategy, Promo Vaults, Prime, and RWA products were not affected.

BounceBit will reissue BB as a BEP-20 token on BNB Chain, using a snapshot from block 20,697,260, taken immediately before the attack.

The stolen 286.5M BB will not be included in the new supply, while users’ liquid and staked balances at the snapshot will be restored automatically.

No action is currently required from holders. BounceBit says there is no claim or migration process, and users should avoid any links or messages asking them to connect wallets, migrate tokens, or verify their accounts.

The decision permanently ends BounceBit’s standalone chain, with the project citing stronger security, liquidity, infrastructure, and user activity on BNB Chain as key reasons for the move.

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Crypto users are reporting tiny unsolicited USDT transfers from sanctioned HTX-linked wallets, and the micro-deposits are triggering compliance reviews and account freezes on Coinbase, Binance and other exchanges.

The freezes trace to UK and EU sanctions on HTX over alleged Russian sanctions evasion, which push exchanges to auto-screen any wallet touched by HTX addresses. Binance says it will restrict deposits and withdrawals involving HTX and other flagged platforms from August 23, so even a few dollars of tainted dust can lock a user out until they prove their funds are clean.

The intent behind the dust is contested. A viral post claimed Justin Sun was deliberately poisoning addresses to force exchanges and regulators to legitimize HTX, but Sun called the story fabricated, and on-chain analysts found the flagged 7.5 USDT went to Kraken, not the Coinbase account originally alleged. Attribution remains unproven.

The episode shows how address poisoning collides with automated sanctions screening: recipients have no control over incoming dust, yet can still be frozen, turning compliance tooling into an attack surface.

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Upbit, South Korea's largest crypto exchange, saw 24h volume surge about 250% to roughly $1.8B, its biggest day since mid-March, as local capital rotates back into crypto during the Bitcoin rally.

XRP was the most-traded asset with $418.9M, ahead of BTC, USDT and ETH. Rival Bithumb, the country's second-largest exchange, saw volume climb 132.9% to $934.9M, so the surge is market-wide, not Upbit-specific.

The rotation reverses a quiet stretch: through early 2026's crypto downturn, Korean attention and capital chased the KOSPI to record highs on the Samsung and SK Hynix AI-memory boom. With Bitcoin ripping, that money is circling back onto local exchanges.

For Korea, one of crypto's most active retail markets, a 250% single-day jump is a strong signal that domestic risk appetite is swinging back toward digital assets.

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