According to Decrypt, on August 21st, the cryptocurrency startup company Glow Token was scammed out of $250,000 and one Bitcoin under the guise of Crypto.com. 

The cryptocurrency market experienced a significant sell-off, with Bitcoin dropping to a two-month low and causing $1 billion in losses. Other altcoins, including Dogecoin, Ripple, Litecoin, and Solana, also experienced losses. However, meme cryptocurrencies like Dogecoin and Shiba Inu saw price increases.

August 18th, former ConsenSys chief economist Lex Sokolin has joined Generative Ventures as a general partner, focusing on the integration of artificial intelligence, cryptocurrency and machine economy.

Lex Sokolin, former Chief Economist of ConsenSys, has joined Generative Ventures as a General Partner, focusing on the integration of artificial intelligence, cryptocurrency, and the machine economy.It is reported that Sokolin previously worked at ConsenSys and served as Co-Head of the Global FinTech Department at ConsenSys.

On August 18th, market data shows that the native token OX of the cryptocurrency claims and trading platform Open Exchange broke through $0.07 today, and is now falling back to $0.065, with a 24-hour increase of 9.12%. RLB (Rollbit Coin) is now reporting at $0.1654, with a 24-hour increase of 10%. In addition, HarryPotterObamaSonic10Inu (BITCOIN) is also relatively resistant to the decline, currently priced at $0.1664, with a 24-hour increase of 1.71%.

Total market value of the cryptocurrency market fell 1.3% to $1.097 trillion, the lowest level in two months. Additionally, its decline occurred simultaneously with the surge in US bond yields. On August 17th, the benchmark 10-year US Treasury yield climbed to 4.31%, the highest level since October 2022, indicating that investors are turning to safer assets rather than non-yielding cryptocurrencies like Bitcoin.

On August 17th, according to Cointelegraph, screenshots of internal Telegram conversations between Shibarium developers show that Chief Developer Shytoshi Kusama revealed that the team cannot recover assets bridged to the Shibarium network. Cryptocurrency detective ZachXBT stated that he has not yet confirmed whether the assets are truly lost, but pointed out that the RPC (node running key blockchain client software) is no longer operational, and described the Shibarium Scan block explorer as "terrible".

According to reports, South Korea's ruling party and opposition party have decided to submit consent forms for personal information provision during the temporary National Assembly session in August to promote a comprehensive investigation of the cryptocurrency asset rights commission.

According to Techcrunch, on August 16th, prior to Kenya's final ban on Sam Altman's cryptocurrency startup Worldcoin conducting iris scans, the Office of the Data Protection Commissioner (ODPC) had ordered its parent company, Tools for Humanity, to stop collecting personal data.

FOX Business reporter Eleanor Terrett tweeted that Prometheum responded to Republican lawmakers' questions about its cryptocurrency broker dealer license, stating that Prometheum's technology aims to develop a digital asset securities market infrastructure that complies with federal securities laws.