Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) this month unveiled a proposed rule that would reopen public token sales to U.S. investors, allowing crypto startups to raise up to $5 million, and larger projects up to $75 million annually, without completing a full SEC registration process. Unlike the 2017 ICO boom, the new framework will require issuers to disclose information and may result in higher compliance costs; rules for secondary market trading of tokens post-issuance also remain complex. The proposal would also allow investment contracts attached to tokens to terminate once issuers complete or permanently cease the promised management services for investors, rather than remaining tied to tokens indefinitely. However, market demand has shifted. Speculative capital is now more concentrated in Bitcoin and a handful of major tokens, perpetual contracts, prediction markets, and AI-related stocks; the volume of token financings backed by crypto venture capital has dropped significantly, with some large VC firms expanding their investment scope to AI, robotics, and other frontier technologies. By comparison, ICOs raised roughly $3 billion in a single month at their peak in January 2018. Tom Schmidt, general partner at Dragonfly, said the proposal is “clearly better than nothing,” but the more pressing issue now is regulatory matters that the stalled CLARITY Act in Congress was meant to address, rather than financing. Carlos Guzman, a research analyst at GSR, noted that 2026’s ICO landscape is very different from 2018’s, and the era of attracting funding solely through whitepapers and visions is over.

OneKey Security Team (OneKey Anzen) recently reproduced the Ledger vulnerability exposed by TestMachine, uncovering a transaction replacement flaw in Ledger’s Ethereum app version 1.22.1. When targeted, an attacked user’s hardware screen will still display transaction A they are reviewing, while the device may sign transaction B that the user never viewed. OneKey Anzen explained the issue stems from a race condition between transaction display logic and the underlying buffer, with the attack requiring the host side to be compromised by a malicious dApp or intermediate software. On August 22, TestMachine flagged a security vulnerability in leading crypto wallet Ledger. The following day, Ledger’s CTO responded that the fix had been rolled out approximately two weeks prior, advising the community to “avoid creating panic”. However, public records show Ledger’s official tag for version 1.22.2 on GitHub did not appear until August 24. As of press time, Ledger updated its official website, stating it resolved the problem via application-level checksums and the SDK layer, releasing Ledger Secure SDK v26.6.1 on August 21, with related apps rebuilt and re-released. Users must update via Ledger Live; updating only the device firmware is insufficient to complete the fix. Ledger added there is currently no evidence the vulnerability has been exploited in actual attacks.

According to HTX market data, Bitcoin briefly broke above $81,000 earlier this morning before pulling back, and is now trading below $80,000 at $79,929.99. Earlier, multiple analysts including prominent trader Killa and Garrett Jin, representative of the "BTC OG Insider Whale", pointed out that Bitcoin faces significant selling pressure in the $82,000 range.

According to an official announcement, South Korean crypto exchange Bithumb has listed the FOLD/KRW trading pair, with trading set to open at 2:00 PM local time on Friday, August 28. The Interfold (FOLD) is a privacy infrastructure project that has repeatedly received public endorsements from Vitalik Buterin, who also invested 16 ETH (approximately $28,000) in the first round of The Interfold's CCA public auction.

Bitget’s 2026 King’s Cup Global Invitational (KCGI) opened registration on August 26. To date, 796 teams have been formed for the event, with a total of 20,801 participants. Early-bird benefits are now available: the first 10,000 users to join a team and complete required tasks by August 30 can compete for a 200,000 USDT early-bird prize pool. It is understood that this edition of KCGI has been fully upgraded, with "UEX Panoramic Competition" as its core highlight. For the first time, it integrates three tracks: crypto derivatives contracts, TradFi contracts, and stock spot (rToken), realizing a unified competition venue, unified prize pool, and unified rankings, offering multi-asset competition scenarios for users with different trading preferences. The total prize pool reaches 3 million USDT. Registration for the event closes on September 22; more details can be found on Bitget’s official platform.

The Ethena Foundation yesterday announced four adjustments to the Ethena ecosystem: repurchasing locked tokens held by early investors, further aligning the token’s value with equity, launching a governance proposal for revenue-driven ENA repurchases, and canceling future monthly unlocks for VC investors. In response to the news, the ENA token surged over 15% in 24 hours, currently trading at $0.18855.