๐จ TOP 10 CRYPTO & WEB3 UPDATES FOR 24 AUGUST 2026 ๐จ
Itโs early Monday, so todayโs edition combines the strongest developments from the weekend and overnight with four opportunities we have NOT featured before.
Todayโs major themes: BITCOIN, DEFI SECURITY, NIGERIA REGULATION, SOLANA SPEED, TOKENIZATION & BUILDER OPPORTUNITIES ๐
1๏ธโฃ BITCOIN RECORDS ITS BIGGEST WEEKLY DOLLAR GAIN IN HISTORY โฟ๐ฅ
Bitcoin just closed a historic week.
BTC gained approximately:
๐ฐ $14,264 IN ONE WEEK to finish the week ended August 23 around: โฟ $77,387
That represents roughly a 22.7% weekly gain the largest dollar-denominated weekly increase Bitcoin has ever recorded.
Institutional flows also strengthened significantly, with U.S. spot Bitcoin ETFs attracting approximately $1.92 BILLION in net inflows during the trading week ended August 21.
The Crypto Fear & Greed Index also climbed to 78, showing how quickly sentiment has moved back toward extreme optimism.
The next question is whether spot demand can sustain the move or leverage begins overheating.
๐ Source:
https://t.co/zfzaqtAvc6
2๏ธโฃ TERM FINANCE PERMANENTLY SHUTS META VAULTS AFTER $8.5M GOVERNANCE EXPLOIT
@term_labs has issued another update following yesterdayโs major governance exploit.
Security researchers estimate approximately $8.5 MILLION was drained, including:
ฮ ~2,843 ETH
๐ต ~1.68M USDC, later swapped into DAI
Term Labs has now confirmed that:
โ All Term Meta Vaults have been shut down
โ DAO governance roles have been revoked
โ New deposits are permanently disabled
โ Withdrawals remain open
The team says the underlying Term protocol and its direct borrowing and lending markets have not been affected based on its investigation so far.
This incident is another reminder that governance design itself can become an attack surface, even when the underlying smart contracts are not exploited in the traditional way.
๐ Official X Update:
https://t.co/plwd9B2xiH
๐ Incident Report:
https://t.co/o2bdzyqmSh
3๏ธโฃ NIGERIA SEC PROPOSES SWEEPING NEW RULES FOR CRYPTO, CUSTODY & TOKENIZATION ๐ณ๐ฌ
Nigeriaโs @SECNigeria has published proposed rules covering Digital and Virtual Asset Operations, Custody and Markets.
The framework would apply broadly to activities involving:
๐ช Digital-asset issuance
๐ Tokenization
๐ Trading
๐ Custody
๐ธ Transfers and settlement
๐ผ Digital-asset investment and advisory services
Importantly, the proposed rules are designed to cover businesses that:
๐ณ๐ฌ Operate in Nigeria
๐ฅ Provide services to Nigerian residents
๐ Or target Nigerian investors digitally even where the company itself may be outside Nigeria.
The rules are currently PROPOSALS UNDER PUBLIC CONSULTATION, not final regulations.
SEC Nigeria is giving stakeholders two weeks from publication to submit comments.
For anyone building or operating a crypto business targeting Nigerians, this is an important document to study.
๐ Official SEC Nigeria Proposal:
https://t.co/lPhgVy4DQL
4๏ธโฃ SOLANA CUTS MAINNET SLOT TIME TO 350 MILLISECONDS
Solana has taken another step toward reducing blockchain latency.
The network has cut its mainnet slot time from approximately 400ms to 350ms.
This represents the first step toward Solanaโs longer-term target of eventually reaching approximately:
โก 200ms slots
Shorter slot times mean blocks can be produced and confirmed more quickly, improving responsiveness for applications such as:
๐ Onchain trading
๐ค AI agents
๐ฎ Consumer applications
๐ฐ High-frequency DeFi
Important distinction:
The upgrade is primarily about LATENCY and faster confirmations, rather than directly increasing total network throughput.
๐ Source:
https://t.co/mcqjCgqY23
5๏ธโฃ $96B SHINHAN ASSET MANAGEMENT TAPS SOLANA FOR TOKENIZED KRW FUND ๐ฐ๐ท๐
South Koreaโs Shinhan Asset Management has signed an agreement with:
๐ฃ Solana Foundation
๐ Etherfuse
๐ Orca
to explore the issuance and distribution of a Korean won-denominated tokenized fund.
Shinhan manages approximately $96.6 BILLION in assets.
The proof-of-concept is modeled partly on structures such as BlackRockโs BUIDL and could involve institutional investors purchasing a KRW ultra-short-term bond fund whose holdings are then represented onchain.
The partners will study:
โ KYC/AML
โ Security
โ Regulatory compliance
โ Blockchain operations
โ Onchain liquidity
Another major traditional asset manager experimenting with public blockchain rails for regulated financial products.
๐ Source:
https://t.co/4IMJRfe4Fr
6๏ธโฃ GRAYSCALE TARGETS AUGUST 25 FOR ZCASH ETF UPLISTING
@Grayscale is moving closer to converting its existing Zcash Trust into an exchange-traded product.
According to regulatory filings, Grayscale anticipates the trust could begin trading on NYSE Arca around AUGUST 25, subject to receiving the necessary regulatory approvals.
The product would be renamed:
THE ZCASH ETF
and is expected to trade under ticker:
$ZCSH
Grayscaleโs latest filing also lists:
๐ฐ Sponsor Fee: 2.5% annually
๐ฆ Transfer Agent: BNY Mellon
๐ Custodian: Coinbase Custody
If completed, this would bring another privacy-focused crypto asset deeper into regulated U.S. investment infrastructure.
โ ๏ธ The August 25 date remains subject to regulatory approval and is not guaranteed.
๐ SEC Filing:
https://t.co/NdfDHiYatB
๐ Latest Report:
https://t.co/yjEKPRcyfN
7๏ธโฃ CBN OPENS REGULATORY SANDBOX TO NIGERIAN CRYPTO & STABLECOIN BUILDERS ๐ณ๐ฌ
This is a strong opportunity for Nigerian founders.
The Central Bank of Nigeria Regulatory Sandbox Cohort 2 is currently accepting applications.
And this cohort has a dedicated:
๐ฅ VIRTUAL ASSET & STABLECOIN FINANCIAL SERVICES TRACK
Eligible solutions include:
๐ต Fiat-backed stablecoins
๐ Digital wallets
๐ Crypto custody
๐ธ Virtual-asset payments
๐ Fiat on/off ramps
๐ช Token-based products
๐ฆ Stablecoin exchanges and infrastructure
Even startups without an existing financial-services licence can apply if they are legally incorporated and have a working product ready for controlled live testing.
โณ APPLICATION DEADLINE: AUGUST 31, 2026
Important: admission into the sandbox is NOT a permanent operating licence.
But for Nigerian Web3 founders looking for direct regulatory engagement, this is a serious opportunity.
๐ Official CBN Sandbox:
https://t.co/A7SBSdIw8t
8๏ธโฃ WALRUS PROMPT EVOLUTION HACKATHON ENDS TODAY ๐ฆญ๐ค
@WalrusProtocolโs WALRUS MEMORY PROMPT EVOLUTION challenge closes TODAY AUGUST 24.
Builders are being challenged to take an existing Walrus Memory prompt, improve it and demonstrate how it performs in a real project.
๐ Rewards include:
10 winners ร $150 worth of WAL
$500 WAL Bug Bounty Pool
Participants need to demonstrate real use of Walrus Memory and submit the required evidence.
DEADLINE: AUGUST 24, 14:00 UTC
If youโre already building around AI agents, persistent memory or decentralized data, check this one immediately because the deadline is only hours away.
๐ Official X Post:
https://t.co/MAamA4LGeT
๐ Official Rules:
https://t.co/GWj5flFxDE
9๏ธโฃ ASTAR PEERS PROGRAM GIVES APPLICATION PREFERENCE TO AFRICAN NODE OPERATORS
@AstarNetworkโs Peers Program Season 3.1 is currently recruiting five community node operators.
And this one is particularly interesting for us because Astar explicitly says geographic preference will be given to applicants from regions including:
๐ AFRICA
๐ South America
๐ West Asia
๐ Southeast Asia
๐ฆ๐บ Australia
Participants will operate Astar archive nodes and gain hands-on experience with blockchain and Linux infrastructure.
๐ฐ Base Reward:
Approximately $30 equivalent in ASTR per month, subject to uptime and programme conditions.
Basic requirements include Linux knowledge and suitable hardware.
You DO NOT need to already have a running node before applying.
โณ DEADLINE: AUGUST 31, 23:59 UTC
African infrastructure builders, this one is worth checking.
๐ Official Astar Programme:
https://t.co/iJpZAfXb85
๐ GWDC KOREA OPENS $100K+ AI ร WEB3 HACKATHON FOR GLOBAL BUILDERS
@GWDC2026 has officially opened registration for the 2026 GWDC KOREA HACKATHON.
According to the official announcement:
๐ฐ $100K+ AI ร WEB3 PRIZE POOL
๐จโ๐ป 500+ global builders expected
๐ค Access to VCs, LLM teams and Web3 ecosystem leaders
๐ aT Center, Seoul, South Korea
๐ Hackathon: SEPTEMBER 28โ30, 2026
โณ Developer submission/registration deadline:
SEPTEMBER 27
The challenge brings together AI and blockchain builders around real-world ecosystem problems.
If youโre already building at the intersection of AI ร WEB3, thereโs still enough time to prepare properly.
๐ Official X Post:
https://t.co/toOZjF47ao
๐ Official Website:
https://t.co/OPyudV3gGz
TLDR:
Todayโs strongest stories are about BITCOIN + SECURITY + REGULATION + TOKENIZATION.
โฟ Bitcoin records its biggest weekly dollar gain ever
๐จ Term Finance permanently shuts Meta Vaults after an estimated $8.5M governance exploit
๐ณ๐ฌ Nigeria SEC proposes a sweeping new digital-asset regulatory framework
โก Solana cuts mainnet slot time to 350ms
๐ฐ๐ท $96B Shinhan Asset Management explores a KRW tokenized fund on Solana
๐ก๏ธ Grayscale targets Aug. 25 for its proposed Zcash ETF uplisting
And todayโs FRESH opportunities ๐
๐ณ๐ฌ CBN CRYPTO & STABLECOIN REGULATORY SANDBOX โ DEADLINE AUG. 31
๐ฆญ WALRUS PROMPT EVOLUTION โ ENDS TODAY
๐ ASTAR PEERS PROGRAM โ AFRICAN APPLICANTS PREFERRED
๐ฐ๐ท $100K+ โ GWDC AI ร WEB3 HACKATHON
Today is particularly strong for Nigerian founders, African infrastructure builders, AI/Web3 developers and security-conscious users.
Disclaimer: This update is for information and community awareness only. Always verify official links, eligibility, deadlines and requirements before submitting applications, connecting wallets or committing funds. DYOR.
#Crypto #Web3 #Bitcoin #Solana #Zcash #DeFi #Tokenization #RWA #CryptoSecurity #NigeriaCrypto #AfricaWeb3 #Astar #Walru