Spot trading volume across crypto exchanges increased in August, with the Crypto.com Exchange ranking as the top USD-supported crypto exchange. Qatar released a regulatory framework for digital assets

Whales breach new high, Ethereum revenue dips, and CEX volume is on the rise

CryptoKitties resurges as its ‘Egg’ NFTs soar by over 40x. BAYC announces partnership with BMW and releases a mini-game. Mysten Labs launches gaming device SuiPlay0X1, integrating the Sui blockchain.

Ethereum sees an inflation rate of 0.69% per year after Dencun Upgrade. Polygon is set to migrate from its MATIC token to POL. 21.co launches a Bitcoin wrapper on the Ethereum blockchain.

Crypto.com announced the launch of global retail services through its Dubai regional hub and added PayPal as a payment method; Tokenised treasuries’ market capitalisation exceeded US$2 billion.

NFT market saw declining sales for the 5th consecutive month. Hamster Kombat announced its airdrop plan. OpenSea received a Wells notice from the US SEC.

The stablecoin market cap reaches new ATH, 1 billion new USDT minted, and long liquidations across centralized exchanges

PayPal’s PYUSD hits $1 billion market cap. MakerDAO rebrands as Sky and introduced 2 new tokens. Tether plans to develop a stablecoin pegged to the UAE dirham.