Coinbase said it will automatically convert users’ old KITE holdings into the newly issued token after the KITE project team halted token transfers on Ethereum on Aug. 5 and launched a replacement asset. According to the exchange’s notice, users do not need to take any manual steps to complete the migration. Coinbase said the transition will be handled directly on the platform. The exchange also noted that the new KITE token is already available for trading, deposits, and withdrawals on Coinbase. The update follows the project team’s decision to stop transfers of the previous Ethereum-based token and issue a new token instead.

The KITE Foundation, a payment infrastructure for the AI agent economy, said on X that it detected an attack targeting KITE tokens. The attack was identified and contained, with no funds lost. Security monitoring flagged abnormal transfers on Ethereum mainnet, prompting the team to suspend all KITE token transfers, including cross-chain functionality. Affected tokens are frozen and won't enter secondary markets.

According to ChainCatcher, Binance spot data points to sharp price swings across a range of tokens over the past 24 hours. The update shows MVLLB down 12.43%, while AXS gained 5.33% and touched today's high. Several tokens moved lower at the same time: SNXXB fell 16.04%, ALLO lost 7.42%, KITE dropped 6.9%, COOKIE declined 5.69%, and MUUB was down 6.97%. CFX touched a weekly low, with a decline of 8%, and COTI touched today's low, with a decline of 13.61%. The numbers are based on Binance spot market data and were flagged in a ChainCatcher newsflash. The report lists only these assets and does not give additional context about the reason for the moves. It also does not include volume or market capitalization data. The 24-hour percentage changes are the main figures in the update, and no other tickers appear in the original report. Taken together, the data shows a mostly negative session, with AXS as the sole gainer mentioned.

Bitcoin briefly climbed above $64,400 after the Federal Reserve left its benchmark rate unchanged at 3.50%-3.75% on Wednesday, then surrendered the move when Fed Chair Kevin Warsh opened his press conference with a blunt line: "There is no soft inflation target." By press time, BTC was trading just under $64,000, still up about 1% over 24 hours, according to CoinGecko. The market response suggested crypto traders were reacting less to the hold itself and more to Warsh’s inflation stance. The decision also came with an uncommon split inside the Federal Open Market Committee, with Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan dissenting in favor of a 25 basis point hike. CME FedWatch had put the odds of a hike at roughly 35% before the meeting. Elsewhere in crypto, Ethereum held near $1,900 and XRP traded around $1.06, while total market capitalization rose to about $2.29 trillion. KAITO led gains among top-300 tokens, while DeXe and Lorenzo Protocol’s BANK posted sharp declines.

A historic pattern signaling altcoin season has reappeared, with three green monthly candles and first MACD bullish crossover in six years. However Bitcoin dominance at ~58% must break below 55% for full confirmation. Selective altcoins like RIVER already surged over 230%.

BitMEX said it will shut down on Sept. 23, 2026 at 12:00 p.m. Beijing time after halting new user registrations immediately, with new positions to be restricted from Aug. 26 and remaining positions forcibly closed after the deadline. In China, regulators in Shenzhen said a group of self-media accounts that promoted virtual currency-related business activities to domestic users had been permanently shut down under existing policy rules. The day’s roundup also included fresh market data, with BTC, ETH, SOL, XRP and DOGE all down over the past 24 hours, while tokens such as RE, VELO and WLFI led gainers on OKX data. Macro attention centered on U.S. initial jobless claims, which came in at 187,000 for the week ended July 18, below the 212,000 expectation and marking the lowest reading since the week of Sept. 24, 2022. Elsewhere, the European Union announced sanctions covering more than 100 banks and crypto operators, Argentina moved toward allowing mutual funds to invest in bitcoin and crypto, Grayscale’s Worldcoin ETF filing disclosed concentration and governance details around WLD, and several funding deals and industry statements added to the day’s developments.

The crypto market cap rose to $2.38 trillion over 24 hours, but the Fear & Greed Index fell to 7. Bitcoin gained 1%, Ethereum edged lower, ENSO surged 46.07%, while ARB and PI posted losses.

Crypto market cap falls to $2.36T. BTC and ETH edge lower. WLFI jumps 12% leading gainers; SKY and KITE up 8-9%. Fear Index at 9 (Extreme Fear). Coinbase adds XRP as collateral; Grayscale launches SUI ETF.