TechFlowPost published a long-form market piece arguing that Coinbase’s planned launch of tokenized stocks on Base could have an outsized impact on Aerodrome, the largest decentralized exchange on the network. The article says Coinbase may roll out its own tokenized stock product as early as this week, with tokens backed 1:1 by shares and giving holders real equity exposure. It contrasts that structure with products already offered by Robinhood, xStocks, Ondo Finance, and Binance, which the author describes as debt or wrapped arrangements under current U.S. regulatory constraints. The piece centers on trading activity and valuation. It says tokenized stock spot DEX volume rose from $115 million in July 2025 to more than $6 billion a year later, while tokenized assets increased from 1% to 11% of all spot DEX volume. Using July 2026 data, the author estimates a $72 billion annualized run rate for tokenized stock trading on DEXs, then builds a more aggressive scenario that puts tokenized stocks at $8.3 trillion by 2030. From there, the article argues that Aerodrome’s Base market share, liquidity incentives, and planned merger-related token structure could position AERO to capture a meaningful share of that growth. The article frames all of this as the author’s own analysis and says it is not investment advice.

The coming week brings a packed schedule for crypto markets and macro watchers, with token unlocks, exchange actions, protocol upgrades and key US economic releases all on the calendar. Humanity Protocol is set to unlock about 266 million H tokens on Aug. 25 Beijing time, while Huma Finance will unlock roughly 459 million HUMA on Aug. 26. Coinbase is scheduled to halt trading in 10 perpetual contracts, including MEME-PERP and SAND-PERP, and the European Union’s expanded crypto restrictions on Belarus under MiCA will begin to apply on Aug. 25. Macro events are also clustered midweek. The US will release July core PCE, personal spending, second-quarter real GDP revision and durable goods orders on Aug. 26. Nvidia’s earnings are due at 04:00 Beijing time on Aug. 27, with its guidance described in the source material as a key test for the AI capital spending cycle. On Aug. 28, Federal Reserve Chair Warsh is set to make his first appearance at the Jackson Hole global central bank symposium. The week also includes BNB Chain’s Pasteur hard fork, a TRON compatibility upgrade proposal vote, a Zcash holder vote on the scope of NU7, and several additional token unlocks across SOSO, XPL, FF, CARDS and KMNO.

The week of Aug. 24 to Aug. 30 features a dense slate of events for crypto traders and market watchers, spanning regulation, protocol upgrades, exchange changes, court proceedings, and macro catalysts. On Aug. 25, the European Union’s expanded crypto restrictions on Belarus are set to take effect for all Markets in Crypto-Assets Regulation, or MiCA, service providers, while BNB Chain plans to activate its Pasteur hard fork and Conflux Network moves forward with a v3.1.0 upgrade. Binance also said it will suspend deposits and withdrawals on the Conflux Network on Aug. 25, 2026 to support that hard fork. Aug. 26 is led by Hyperliquid’s AQAv2 revenue accrual launch, which the project says could channel as much as $200 million into HYPE buybacks and burns over time. The same day, BitMart is scheduled to shut down all trading services, BitMEX will begin applying risk limits ahead of its Sept. 23 closure, and Coinbase will halt perpetual futures trading for 10 tokens including MEME, SAND, BLUR, AXS, and ZRO. On Aug. 27, attention shifts to macro and public markets as the Jackson Hole central bank symposium opens, the Bank of Korea releases its rate decision, and Nvidia reports fiscal 2027 second-quarter earnings. That date also brings a first-instance ruling in Bithumb’s mistaken Bitcoin distribution case and the shutdown of EulerFinanceBot’s TAC Telegram mini app. Later in the week, DeFi Kingdoms’ DFK Chain is set to stop running on Aug. 28.

Bitcoin has yet to join the rebound seen in U.S. equities and gold, even as spot Bitcoin ETF flows in the United States have turned positive again and several long-term on-chain indicators have moved closer to historically depressed levels. Since peaking at about $126,000 in October last year, Bitcoin has remained in a prolonged correction and has spent the past 30 days trading sideways between $62,000 and $66,000, according to CoinGecko. Over the past 90 days, Glassnode said the S&P 500 rose about 5% while Bitcoin fell 20%, underscoring a sharp divergence in performance. The report, written by Nancy for PANews and republished by Blockcast, points to a mix of countervailing forces. On one side, Santiment Intelligence data showed 2.27 million new BTC wallets and 751,000 active wallets over the past week, while SoSoValue recorded five straight trading days of net inflows into U.S. spot Bitcoin ETFs, totaling $854 million, the strongest weekly result since April 17. On the other side, miner selling, liquidity needs at crypto DAT companies, and weak U.S. spot demand continue to weigh on price action. CryptoQuant said miner-linked OTC balances have dropped from about 500,000 BTC in November 2021 to 139,700 BTC, while Coinglass showed the Coinbase Bitcoin Premium Index has stayed negative for 80 consecutive days. PAData’s bottom-fishing dashboard shows only 4 of 12 core indicators in the hit zone, suggesting some bottoming signs are in place but a full cyclical low has not yet been confirmed.

A dense stream of updates hit crypto and AI markets between Aug. 12 and Aug. 13, spanning venture funding, protocol incidents, regulatory moves, exchange actions and large on-chain transfers. PANews’ roundup included Lovable’s $400 million Series C at a $13.3 billion valuation, Wintermute’s plan to spend about $1 billion over five years on high-frequency trading and AI data center infrastructure, and Tencent’s second-quarter results showing higher capital expenditure tied to AI spending. In digital assets, Harmony said it had traced fraudulently minted tokens across 409 wallets and was considering a rollback, while Solana briefly came close to a network-freeze threshold after a data center routing issue knocked nearly 29% of staked SOL offline. Anchorpoint also began the first phase of distributing its Hong Kong dollar stablecoin HKDAP, and Coinbase said it will suspend 10 perpetual contracts on Aug. 26. Whale activity remained active as well, including an Ethereum ICO participant moving 2,000 ETH to Coinbase, a wallet sending 2,300 BTC to Wintermute-linked deposit addresses since June 25, and a leveraged ETH trader closing out positions for a reported $4.3 million profit. The period also brought new product releases from Grok and DeepSeek, a major SEC no-action letter tied to Franklin Templeton’s BENJI fund, and fresh scrutiny of prediction markets from U.S. regulators and New York City lawmakers.

Coinbase has announced that it will suspend trading on a total of ten perpetual contracts on August 26. The suspension is planned for around 21:00 UTC. According to the official announcement, the affected markets are Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). When the suspension takes effect, any remaining open positions will be automatically settled. The final settlement price will be calculated based on the average index price over the 60 minutes immediately before the trading halt. In addition, the funding rate for the last funding cycle will be set to zero. This last point means the final cycle of funding will incur a rate of zero, rather than a positive or negative charge. For traders still holding these contracts at that time, the automatic settlement is unavoidable and the price used will be based on the last hour of index values. These details give a clear picture of how the process will work.

Bitcoin has yet to join the rebound seen in U.S. equities and gold, even as some market conditions begin to improve. After peaking at about $126,000 in October last year, the asset has stayed in a prolonged correction and has recently traded sideways between $62,000 and $66,000 over the past 30 days, according to CoinGecko. PANews, in a report by Nancy cited by MarsBit, said the disconnect has persisted despite renewed inflows into U.S. spot Bitcoin ETFs and a pickup in several long-term valuation and cycle indicators. Data cited in the report showed U.S. spot Bitcoin ETFs posted net inflows for five straight trading days last week, totaling $854 million, the strongest weekly performance since April 17, according to SoSoValue. At the same time, Santiment Intelligence recorded 2.27 million new BTC wallets over the past week and 751,000 active wallets, though the jump in activity was linked in part to security concerns triggered by the Coldcard wallet incident rather than outright risk appetite. The report argued that persistent selling from miners and crypto DAT companies, along with weak U.S. spot demand reflected in an 80-day negative Coinbase Bitcoin Premium Index streak, has capped price recovery. PAData’s bottom-fishing dashboard showed 4 of 12 core indicators have entered hit zones, but broader metrics tied to valuation, sentiment, profitability, liquidity, and on-chain activity have not yet reached the extreme levels that have historically marked a confirmed cycle bottom.

A commentary published by PANews argues that the unease hanging over the crypto market runs deeper than weak altcoins or competition from artificial intelligence and U.S. equities. In the piece, columnist Haotian says the sector is facing three structural problems at once: an oversized infrastructure stack with little to show at the application layer, short-term behavior by exchanges that has weakened the market’s value-screening process, and a fading sense of community that is draining developer energy. Haotian writes that this cycle has been dominated by new chains, Layer2 networks, cross-chain bridges, DA, ZK, and parallel EVM narratives, while real applications have remained scarce. He contrasts that with the previous cycle, when DeFi, NFT, and GameFi each helped create rotation across infrastructure, community, and application layers. In his view, MEME tokens briefly filled part of that gap, but their speculative nature and lack of fundamentals have only intensified liquidity drain over time. He also argues that exchanges, acting in pursuit of short-term trading volume and fee income, opened the door too widely to MEME listings instead of helping identify stronger projects. The result, he says, is a damaged value-transmission mechanism across on-chain markets and centralized exchanges. Haotian adds that AI is not the core reason crypto is losing talent. The larger issue, in his telling, is that the industry’s own capacity for innovation has weakened.