KuCoin Crypto Daily(2026-08-21)

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Today's Highlights

1. BBX System Maintenance on August 22

2. TermMax Token Generation Event on August 25

3. Asia’s Startup Ecosystem Summit in Singapore on August 26

4. Block Tides Joins as Media Partner for Singapore Startup Summit

5. S&P 500 Volatility Remains Low Amid Market Stability


Macro News

Grayscale Withdraws Cardano, Polkadot, and Hedera ETF Filings

Grayscale has decided to withdraw its ETF applications for Cardano (ADA), Polkadot (DOT), and Hedera (HBAR), shifting focus to other projects amid evolving regulatory and market conditions.


CFTC Plans to Implement Market Structure Rules for Crypto

CFTC Chairman Brian Selig announced that the agency will proceed with implementing market structure rules for crypto, regardless of the outcome of the Clarity Act proposal.


BTCS Repays $8.2M Aave Debt, Ends Q2 with $317K in Cash

Nasdaq-listed Ethereum infrastructure firm BTCS repaid $8.2 million in Aave debt using ETH and ended Q2 with $317,113 in cash and stablecoins, indicating improved liquidity.


Japan's Core Inflation Hits 1.8%

Japan’s core inflation rose to 1.8%, matching forecasts and showing signs of continued economic expansion, with manufacturing PMI also rising to 55.1.


Justin Sun Wins Court Ruling Against WLFI’s Secret Arbitration Request

Justin Sun secured a court ruling against WLFI’s attempt to move their dispute into private arbitration, ensuring public transparency in the legal proceedings.


Industry Hotspots

Doctor Profit Claims Bitcoin Bear Market Has Ended

Renowned trader Doctor Profit stated that Bitcoin has broken through key bear market resistance levels, signaling the end of the bear phase and the start of a new bull cycle.


Injective Registered as SEC Security Transfer Agent

Injective announced that it has been registered by the SEC as a securities transfer agent in the U.S., allowing it to facilitate tokenized assets and expand into equity, debt, and RWA markets.


DEX Volume Share Hits Record 19.5% of Total Crypto Spot Volume

Decentralized exchanges (DEXs) captured a record 19.5% of total crypto spot volume in July, driven by a faster decline in centralized exchange (CEX) activity rather than a surge in DEX usage.


X Explores Stablecoin Payments for Content Creators

X (formerly Twitter) is reportedly considering using stablecoins like USDC for content creator payouts, potentially expanding its financial infrastructure and global reach.


Luna Classic Burns Over 1.44 Billion Tokens

Luna Classic (LUNC) burned 1.44 billion tokens from on-chain fees, bringing the total burned to over 455 billion, signaling ongoing network activity and token scarcity efforts.


KOL and Institutions

@CoinEdition

24H LIQUIDATION HEATMAP: $BTC leads with $789.85M in liquidations, followed by $ETH at $207.08M. Market reset or deeper volatility ahead?

@javedahmedhere

₿ 4H Crypto Snapshot: BTC $74,467 ⬆️7.5%, ETH $2,348 ⬆️4.3%. Fear & Greed Index at 72 (Greed). Market pumping!

@blokfeed

Bitcoin closed at $72,995 after a 5% rise, with Ethereum at $2,325. Total market cap hit $2.57 trillion, up 4.5% in 24 hours.

@Standard_Expert

Daily report shows massive gains in speculative tokens: RED/USDT +1,535.80%, LIT/USDT +1,462.82%, and BOME/USDT +1,766.94%.

@gemini_edge

After-hours trading saw extreme volatility with RF Acquisition Corp II ($RFAI) surging +724.82%, and Werewolf Therapeutics ($HOWL) up +86.11%.

摩根士丹利

Morgan Stanley increased its Bitcoin holdings by 320.951 BTC over two days via its MSBT ETF, raising its total BTC position to 6,995 BTC, valued at $515 million.

US spot Ethereum ETFs

US spot Ethereum ETFs saw $189.15 million in net inflows on August 19, the largest single-day inflow since late October 2025, signaling renewed institutional interest.

@cwagner52177

CRYPTO MARKET UPDATE: $BTC at $72,737, $ETH at $2,314, $SOL at $87. Market remains volatile with mixed performance across altcoins.

@ETFDb

Top performing ETFs over the last 5 years include ProShares Ultra Semiconductors (+60.04%), Direxion Daily Energy Bull 2X ETF (+41.98%), and ProShares Ultra Energy (+40.75%).

@SeanDanielsLive

Market sentiment suggests $BTC will stay above $60,000 on August 22, with Reso pricing the YES outcome at 99.8¢. Small NO position taken as a precaution.


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