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Ethereum core developer Nethermind has ended its validator operations for LayerZero and joined Chainlink’s cross-chain protocol CCIP as a node operator, The Block reported. Nethermind had been considered one of LayerZero’s main external validators. Nethermind said it had stepped away from operating within LayerZero’s decentralized verifier network, or DVN, and joined the Chainlink CCIP network as a node operator and strategic technology provider. Amid reports that Kelp DAO’s rsETH bridge hack in April occurred on a LayerZero-based bridge, more firms appear to be shifting cross-chain operations from LayerZero to CCIP.

Bitcoin began a short-term surge after the U.S. Treasury announced it would at least double its bond purchases starting in September, Cointelegraph reported. The outlet said BTC hit its highest price since June 2 after the U.S. stock market opened on Aug. 19, as markets reacted to a U.S. government liquidity measure. At its intraday peak today, BTC was up more than 6%. Meanwhile, the yield on 30-year U.S. Treasuries fell in the short term as the Treasury expanded its bond-buying plan.

Jonathan Gould, head of the U.S. Office of the Comptroller of the Currency, said final rules to implement the GENIUS Act, a U.S. bill aimed at establishing a legal framework for stablecoins, are scheduled to be released by November. Speaking at the SALT conference in Wyoming on Aug. 19, Gould added, "We are moving at a very rapid pace."

DEXs accounted for a record 24% of total crypto spot trading volume in July, according to data from The Block and DeFiLlama cited by Unfolded. Over the same period, trading volume on centralized exchanges declined. Unfolded said the DEX share of spot trading has risen steadily for years, with the trend accelerating since mid-2024. It added in English, "If it is simply DEX dominance rising because overall crypto market volumes are shrinking, perhaps this trend is less meaningful than it appears."

Coinbase, the largest U.S. cryptocurrency exchange, will let Base app users trade crypto perpetual futures with up to 50x leverage through Hyperliquid, Decrypt reported. By integrating the Hyperliquid protocol, Coinbase will provide access to more than 290 perpetual futures markets on the Base app. Chintan Turakhia, Coinbase’s head of engineering, said trading volume in today’s crypto market is concentrated in perpetual futures, with about 75% of total crypto trading volume coming from futures rather than spot trading. Turakhia added perpetual futures had also been the most requested feature among Base app users. Coinbase rebranded its wallet service as the Base app last year.

As Ethereum briefly surged above $2,100, Chinese investment firm Longling Capital transferred 1,800 ETH, worth about $3.67 million, to Binance and appears to have sold the holdings, according to an AmberCN analysis. Exchange deposits are typically seen as intended for selling.

Well-known crypto trader Killa said Bitcoin has started rebounding from its low and argued that waiting for a perfect bottom could mean missing the subsequent uptrend entirely. Killa said it is better to build positions actively and accept potential pullbacks during that process than to keep holding cash while waiting for an entry point that may never come. Killa added that the Bitcoin cycle is changing and the traditional four-year cycle could shift, making staggered buying across multiple price levels such as $70,000, $65,000, $60,000 and $55,000 preferable to focusing on a single bottom while trying to catch a falling knife. On a broader view, Killa said Bitcoin’s long-term price target remains above $150,000.

Major exchanges have seen $1,307 million worth of futures liquidated in the past hour. In the past 24 hours, $1,572 million worth of futures have been liquidated.

World Liberty Financial CEO Zach Witkoff said on X that the Trump family-linked DeFi project has appointed U.S. financial law specialist Mack McCain as chief legal officer and chief administrative officer of World Liberty Financial and all affiliated entities. McCain will also serve as chief trust officer at World Liberty Trust Company, National Association, or WLTC, which is undergoing its establishment process. Before joining World Liberty, McCain served at Robinhood as chief of staff to the chief legal, compliance and corporate affairs officer, and as deputy general counsel for regulatory matters, according to the post.

The U.S. Commodity Futures Trading Commission has ended its civil case against former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang after both accepted consent orders of judgment admitting liability for fraud charges, Crypto Briefing reported. Under the settlement, the CFTC imposed a five-year trading ban and a 10-year registration ban on Ellison, while Wang received a five-year trading ban and an eight-year registration ban.

Major exchanges have seen $1,182 million worth of futures liquidated in the past hour. In the past 24 hours, $1,439 million worth of futures have been liquidated.

Ethena is building a $1 billion collateralized lending program with crypto prime broker FalconX, according to CoinDesk. Through the program, Ethena plans to use USDe collateral for overcollateralized institutional credit loans, a move it said will diversify the protocol’s revenue sources and offset weaker profitability from its delta-neutral strategy that relies on perpetual futures funding rates.

According to CoinNess market monitoring, BTC has fallen below $68,000. BTC is trading at $67,964.35 on the Binance USDT market.

BTC has fallen 1.60% in 5 minutes after touching $68,258.09 on the Binance USDT market. Currently, BTC is trading at $68,258.09.

Major exchanges have seen $1,065 million worth of futures liquidated in the past hour. In the past 24 hours, $1,345 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has risen above $69,000. BTC is trading at $69,096.58 on the Binance USDT market.

ETH has risen by 4.12% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,098.35.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,534.09 on the Binance USDT market.

BTC has risen by 2.52% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $68,534.09.

According to CoinNess market monitoring, BTC has risen above $67,000. BTC is trading at $67,060.7 on the Binance USDT market.

Matt Cole of Strive, a Nasdaq-listed company pursuing a Bitcoin accumulation strategy under the ticker ASST, said on X the U.S. dollar has entered a structural weakening phase, which could create a strong bullish backdrop for Bitcoin over the next five to seven years. He posted in English, "Over the last 10+ years, the US Dollar Index (DXY) has been in a structural decline, and I think that trend is likely to continue. This could have a very positive impact on Bitcoin. Every major Bitcoin bull market has coincided with meaningful dollar weakness. In the 2017, 2020-2021, and 2025 rallies, declines in the DXY were observed. Personally, I think the DXY could fall toward its 2008 low near 70. In that case, Bitcoin could find itself in the midst of a powerful macro tailwind unlike anything it has experienced before."

A CoinNess analysis shows Ethereum has reclaimed the $2,000 level for the first time since June 2, about 79 days ago. On Binance’s USDT trading pair, ETH was up 5.37% at $2,016.57.

Solana-based on-chain reputation protocol SolanaID, whose token is SOLID, announced on its official X account that it will wind down the project. SolanaID Hub, its API and the Solana Display Network are scheduled to shut down on Sept. 30, according to the team. The team said in an explanation written in English, "프로젝트가 캠페인을 진행하지 않으면, 사용자에게 제공할 보상도 없어진다. 반대로 충분한 사용자를 확보하지 못하면 프로젝트는 캠페인 진행을 주저한다. 우리는 이 문제를 해결할 수 없었고, 새로운 사용자를 유인할 혜택도 만들어내지 못했다". Meanwhile, SOLID will remain on-chain along with its locked liquidity pool, while treasury holdings previously held by the SolanaID team are set to be burned. According to CoinMarketCap, SOLID was trading at $0.0002338, down 9.49%, and had a fully diluted valuation of $234,000.

Major exchanges have seen $373 million worth of futures liquidated in the past hour. In the past 24 hours, $603 million worth of futures have been liquidated.

ETH has risen by 2.14% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,010.18.