A trader who turned $125,000 into $43 million in four months by aggressively long ETH saw nearly all gains wiped out after reopening positions during the recent market crash. Despite securing $6.9 million in August, his account is now worth just $771,000—a 5X return from initial capital but a devastating drop from peak profits. Ethereum has corrected 16% from its monthly high of $4,791 amid stalled momentum.

on-chain data analyst Murphy shared insights on social media regarding recent trends in the Bitcoin options market. Data from the 'Options Premium Execution Price Heatmap' indicates a significant volume of call options within the $123,708 to $129,685 strike price range as of August 19. The cumulative premium for these options is approximately $43.32 million. Notably, there has been no net buying below the current spot price, suggesting that traders are willing to invest in the potential for Bitcoin to rise to this range, while demand for put options remains minimal, indicating a lack of interest in downside protection. Conversely, a relatively large volume of put options has been observed in the $97,709 to $102,430 strike price range, with a cumulative premium of about $13.14 million. This suggests that option sellers believe it is unlikely for Bitcoin to fall to this level, opting instead to sell volatility. Overall, the sentiment among options market traders remains optimistic, with many betting on Bitcoin's potential to return to $124,000. Meanwhile, options sellers appear to believe that significant volatility is unlikely to push Bitcoin below $102,000.

According to a report from Bijie.com, U.S. Securities and Exchange Commission Chairman Paul Atkins announced that the agency will move swiftly to implement the recommendations of the Presidential Task Force on Cryptocurrency Regulation. This move aims to foster innovation and provide greater clarity in the digital asset market. Specifically, the plan seeks to shift from an enforcement-driven regulatory approach to a rules-based one, striking a balance between investor protection and technological advancement. Notably, Atkins made the announcement at a blockchain symposium in Wyoming. Central to this vision is the President’s Digital Assets Group, which will lead the next phase of U.S. digital asset regulation.

According to Bijie.com, data shows that Pump.fun, a Solana-based memecoin launch platform, has surpassed $800 million in total revenue. According to the Dune dashboard of anonymous on-chain analyst @adam_tehc, the platform has collected a cumulative $800,668,932 in fees. Pump generates revenue by charging a 1% exchange fee on all token transactions on the platform. Before launching its own DEX, PumpSwap, the platform charged fees when tokens "upgraded" to Raydium after reaching a certain market capitalization. While Pump spearheaded last year's memecoin craze, it faces increasing competition from LetsBonk.fun, a newer Solana memecoin platform. Since its launch in April 2025, Let'sBonk has seen significant growth, driven by its integration with the Raydium LaunchLab and support from the Bonk memecoin community. Last month, LetsBonk surpassed Pump in terms of the number of tokens on the memecoin launch platform, becoming the leader. However, Pump recently reclaimed the top spot. Prominent cryptocurrency trader @WazzCrypto attributed the change to the top ten memecoin deployers on LetsBonk migrating to Pump. Pump's daily revenue has remained consistently above $1 million, while LetsBonk's has plummeted from around $1 million at the beginning of the month to below $30,000. Meanwhile, Pump launched its native token through an initial coin offering (ICO) last month, raising $600 million in just 12 minutes. The platform is currently buying back tokens at a significant premium to the market price to stabilize their price. Solana itself recently lost its position as the dominant memecoin network, being overtaken by Base, a Coinbase-incubated platform. The recently launched Base app integrates with Zora, a decentralized social media platform that automatically mints posts into ERC-20 tokens. The Block's data dashboard shows that Base launched 57,970 memecoins on Monday, while Solana launched 32,760.

According to on-chain analyst Aiyi, the total USDC holdings on Hyperliquid have reached 4.82 billion, ranking third among all public chains and networks, and first among the Bridged USDC network. Currently, Hyperliquid USDC uses Arbitrum for cross-chain transactions, and Circle has announced that native USDC support will soon follow.

According to Bijie.com, WOO X released a post-mortem analysis of its July security incident. On July 24th, the company experienced a complex security incident that resulted in the theft of $14 million from nine user accounts. Evidence suggests the attack was carried out by UNC4899, a North Korean government-sponsored cyberespionage group colluding with the Reconnaissance General Bureau of North Korea, publicly known as Lazarus Group, TraderTraitor, and Jade Sleet. The attack began with a social engineering attack targeting the development team, seemingly through a legitimate open source collaboration request. A team member was invited on an open source software forum to help debug a development tool. After a brief discussion, the developer downloaded the file on a mobile device and opened it on a company-issued MacBook. Before opening the file, researchers tested it for malware, but the scan came back negative. After running, the program downloaded a hidden backdoor that resembled a common backend process. This allowed the attacker to maintain access to the development environment and, after a period of time, modify the database, gaining access to nine accounts that had initiated withdrawals. The unauthorized withdrawals were detected two hours later and immediately stopped, with all affected users fully compensated from WOO’s coffers.

According to @DecryptMedia, the U.S. Commodity Futures Trading Commission (CFTC) has obtained a preliminary judgment in a $228 million cryptocurrency Ponzi scheme case. Prior to the CFTC's civil victory, Alexander had been sentenced to nine years in prison in July 2023 for criminal conviction. Since January 2025, a court-appointed receiver has begun distributing recovered funds to defrauded investors.

After a four-year ban, bitcoin exchange-traded notes (ETNs) will return to the London market starting October 8, allowing U.K. retail investors regulated access to crypto exposure. The Financial Conduct Authority’s reversal signals a policy shift as Britain seeks to reclaim relevance in the global crypto landscape. Industry experts, including ByteTree founder Charlie Morris, believe the move could unlock significant institutional and fund-level demand, comparing its potential impact to the U.S. spot ETF launches. However, adoption may be slowed by the fragmented and cautious U.K. financial advisory ecosystem.

According to Nansen data, the well-known Meme KOL pow: H1gJR2…n8Dwo2 has a PnL of US$1.22 million in Solana Meme transactions in the past 7 days, and is the address with the highest realized profit of US$497,000. The main profit comes from profit-taking on PUMP and PENGU.

According to Coinnet, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins reiterated his more friendly stance toward cryptocurrencies than the previous administration, stating that only a "very small number" of tokens are securities. At the Wyoming Blockchain Symposium on Tuesday, Atkins stated that the SEC will "continue to advance the idea that tokens themselves are not necessarily securities and likely are not." Atkins added, "In my view, only a very small number of tokens are securities, but it depends on the packaging around them and how they are sold." Atkins' comments follow the SEC's launch of "Project Crypto" last month, which the chairman described as an effort to "modernize" securities laws and help U.S. financial markets move on-chain. These efforts contrast with the view of former SEC Chairman Gary Gensler, who believed that most crypto assets are securities. "This is a new era for this [crypto] industry," Atkins said on Tuesday. "We're focused on innovation. Now we want to embrace it." "We must develop a framework that protects the cryptocurrency market from regulatory shenanigans in the future," Atkins said in a post on the X platform after his appearance on Tuesday. "I look forward to working with my colleagues in the administration and Congress to get this done." Some cryptocurrency analysts have praised Atkins' policies. Earlier this month, Bernstein analysts described the SEC's Project Crypto initiative as "the boldest and most transformative cryptocurrency vision proposed by a sitting SEC chairman," saying the project could "rewrite the rules on Wall Street." Bitwise CIO Matt Hougan also described Project Crypto as a roadmap for investing over the next five years, with Atkins suggesting that all assets (including stocks, bonds, and dollars) will eventually move on-chain.