Phoenix Group 1

Ethena Foundation announces four ecosystem updates

#EthenaFoundation announced four ecosystem updates, including repurchasing locked $ENA from select early investors, better aligning token and equity value, proposing revenue-funded $ENA buybacks, and ending future monthly VC unlocks. The foundation has already acquired all locked $ENA held by several major seed investors who sold tokens over the past nine months.

#Ethena Foundation and #EthenaLabs agreed to direct protocol IP and value to the foundation under $ENA governance, ending residual cash flow to Labs equity investors. A revenue-based $ENA buyback proposal has also been approved, while future VC unlocks will be eliminated and team tokens will retain their original vesting schedule.

👉 theblock.co/news/ecosystems/2026-08-27-ethena-foundation-proposes-fee-switch-ena-token-buybacks-other-updates-412951

Dunamu unveils a partnership with Visa

#Dunamu , the parent company of South Korean crypto exchange #Upbit , has partnered with #Visa to develop innovative financial services powered by stablecoins and #AI . The partnership will combine Dunamu’s digital asset expertise with Visa’s global payments network to develop stablecoin payments, cross-border remittance solutions, and AI-powered financial services.

The partnership will focus on compliant stablecoin integration with global payment infrastructure and AI-powered agentic commerce. Dunamu said the partnership will also explore the potential use of Open Standard’s Open USD $OUSD in future collaborations.

👉 theblock.co/news/business/2026-08-28-dunamu-visa-partner-stablecoin-ai-ousd-412988

BitGo unveils acquisition of NYDIG’s institutional trading business

#BitGo has acquired #Bitcoin miner #NYDIG 's institutional trading business and related assets, which is expected to complement its digital asset infrastructure services. BitGo plans to leverage NYDIG’s business to expand its institutional markets platform, broaden its derivatives offerings, and strengthen financing capabilities. As part of the deal, around 30 NYDIG employees and their institutional trading relationships have moved to BitGo. NYDIG’s institutional trading business offers derivatives, structured products, financing, and capital markets solutions.

👉 theblock.co/news/business/2026-08-27-bitgo-buys-nydig-institutional-trading-412975

TOP PROJECTS BY MONTHLY TVL GROWTH

$UP $LIT #Hipo $OGN $PROPS $PUMP $CLOUD #Evedex #Curvance #Beets $HPL $DRV $DRIFT #Tydro $VVV

TOP TRENDING COINS BY #COINGECKO $TRUMP $ENA $HYPE $PENGU $SUI $LIT $TAO $UNI $JUP $SNX

Weekly Market Overview — August 28, 2026

📊 A snapshot of this week’s crypto market activity, highlighting sector performance, price trends, and key indicators.

🔥 Top Categories (7D):
Zero Knowledge +28.0%
Yield Aggregator +23.5%
Privacy +18.3%
Lending +16.1%
DEX +13.2%

📉 Market Indicators:
😨 Fear & Greed Index: 82(Extreme Greed)
🟠 Altcoin Season Index: 35/100 — Bitcoin Season

#CryptoUpdate #MarketRecap #DigitalAssets #CryptoTrends #WeeklyOverview

Moonwell has been exploited for $8.7M

#Moonwell suffered an exploit that resulted in approximately $8.7M in losses, according to blockchain security firm #PeckShield . Attackers manipulated the price of the illiquid MAMO collateral token, artificially boosting its value to borrow cbBTC from Moonwell. The stolen funds were then transferred to an attacker-linked address.

Moonwell is a decentralized finance lending and borrowing protocol operating across multiple blockchain networks.

👉 x.com/PeckShieldAlert/status/2092929813959049347

WEB TRAFFIC TO CEXES FOR THE LAST MONTH #Binance #OKX #Coinbase #MEXC #Kucoin #Gate #Bybit #BingX #Bitget #Kraken #Upbit #Bithumb #Cryptocom #HTX #Bitfinex

Doppler Finance introduces $XDP tokenomics

#DopplerFinance has unveiled tokenomics for $XDP , the native utility and governance token that is designed to support protocol participation, ecosystem incentives, and governance-approved functionality across the Doppler ecosystem.

Allocation:
43.0% - Ecosystem & Incentives
18.0% - Team
16.0% - Investors
14.0% - Treasury
4.0% - Liquidity
4.0% - Partners
1.0% - Genesis Airdrop

Doppler provides infrastructure for tokenized capital markets, supporting asset issuance, liquidity, settlement, collateral, and yield strategies.

👉 blog.doppler.finance/blog/introducing-xdp

POTENTIAL TGES IN Q3 2026

#Extended $EXT #TownSquare $TOWN #Magicblock $BLOCK #Veera $VEERA #Avant $AVANT #Tread $TREAD #Strata $STRATA #Gnoland $GNOT #XDAO $XDAO #Pheasant $PNT

BNB Chain joins Mastercard crypto partner program

#BNBChain has joined #Mastercard ’s crypto partner program, connecting its network to Mastercard’s payment infrastructure to enable stablecoin payments, cross-border transfers, and fiat on- and off-ramps. The integration connects blockchain assets with traditional payment networks, broadening payment and transfer use cases across BNB Chain.

The move comes as Mastercard expands its stablecoin strategy with the planned $1.8 billion acquisition of #BVNK , strengthening its settlement, on/off-ramp, and compliance infrastructure.

👉 x.com/BNBCHAIN/status/2092582916769374510

Linera opens community pre-registration for its token sale on Sonar by Echo

#Linera has opened community pre-registration for its $LNRA token sale, giving traders, badge holders, community members, and external participants early access to purchase tokens ahead of Season 1 and the TGE. Pre-registration remains open until September 1st, followed by the subscription period from September 1st to 8th.

The sale features a reserve pool for badge holders and an open pool for all registered users, with allocations based on badge tiers, points, and proportional commitments. The open pool has a $100,000 cap per wallet, while each $1 committed earns one Commitment Credit for fee-free Season 1 trading volume, including refunded amounts.

Linera is a blockchain infrastructure that aims to support the most demanding #Web3 applications by providing them with predictable performance, security, and responsiveness at the Internet scale.

👉 sale.linera.net/

TOP 10 #TVL ON #ROBINHOOD

$MORPHO $UNI $NET $LIT $SPK #StonkBrokers #Arcus $UNCX #Up $NOXA

Kalshi has sold $1.12B in equity since April

#Kalshi disclosed in an SEC filing that it has sold $1.12B of a $1.5B equity offering launched in April. The Form D shows 71 investors, with the first sale completed on April 3, leaving roughly $380M available under the offering. The filing classifies the securities as equity and states that Kalshi is using Regulation D’s Rule 506(b), which permits eligible companies to raise capital without SEC registration, subject to specific conditions.

Kalshi is a regulated exchange and prediction market where users can trade on the outcome of real-world events.

👉 cointelegraph.com/news/kalshi-1-5-billion-equity-offering-1-12-billion-sold

City Protocol raises $11M across Seed and Pre-A funding rounds

#CityProtocol secures $11M across Seed and Pre-A funding rounds from Dragonfly, CMT Digital, Stratified Capital, Bitscale Capital, Adaverse Ventures, Mirana Ventures, Jump Crypto, and others. City Protocol will utilize secured funds to build a tokenization layer, a vault layer, and an issuance and operations layer to bring structured products on-chain.

City Protocol is a decentralized infrastructure platform that enables asset managers, strategy providers, and #Web3 projects to launch and operate on-chain structured products.

👉 x.com/cityprotocolHQ/status/2092498562294989035

#YZILABS INVESTMENTS BY WEEKLY VOLUME

$SUI $ENA $ASTER $ACE $INJ $CRV $ZRO $PENDLE $APT $CAKE #PLUME #GALA #AEON #CHZ #AXS

ORO raises $3M in a Strategic funding round

#ORO secures $3M in a Strategic funding round co-led by MH Ventures and Mapleblock Capital, with participation from M2M Capital, Archer Capital, X21 Digital, BlockRise, Zerone Venture, BeencoLabs, Pollin8, Velion Venture, Disrupt, and ZIGLabs. This funding round brings ORO's total funds raised to $4M.

ORO is a decentralized artificial intelligence platform and intent-based agentic finance protocol designed to bridge the gap between natural-language commands and complex #Web3 execution.

👉 x.com/Ask_ORO/status/2092256084211974550

TOP PERPETUAL DEXES BY WEEKLY TRADING VOLUME #Hyperliquid #Aster #Lighter #ApeX #edgeX #Variational #GMTrade #Pacifica #Grvt #Nado #Jupiter #StandX #AZverse #QFEX #Antarctic

BITCOIN HOLDINGS BY PUBLIC COMPANIES

Public companies continue to expand their Bitcoin holdings, solidifying cryptocurrency's role in traditional financial markets. With industry leaders like #Strategy holding substantial amounts, the total $BTC reserved by these firms now surpasses an impressive 1,265,440 $BTC , representing significant confidence in Bitcoin's long-term value. As the market matures, these holdings underscore the evolving relationship between traditional institutions and digital assets.

#Bitcoin $BTC #Crypto #DigitalGold

LayerZero announces the launch of ATLAS

#LayerZero $ZRO has introduced #ATLAS (Aggregated Trading Liquidity and Settlement), a universal backend designed to power the next generation of global markets. ATLAS will be built on LayerZero’s #Zero blockchain initially supporting spot crypto assets and perpetual contracts, with future plans to expand to prediction contracts, futures, and options. Citadel Securities, DTCC, and ICE are among LayerZero’s partners, with leading global market makers set to provide liquidity from the first day of ATLAS’s launch.

👉 layerzero.network/blog/introducing-atlas