August in the cryptocurrency world saw a dramatic shift in market activity, with Ethereum experiencing its highest transaction volume ever and Bitcoin facing a significant downturn. The bullish momentum of Ethereum is fueled by increased Ether staking as US regulators provide clarity on liquid staking strategies. Meanwhile, Bitcoin witnessed a substantial decline, attributed to the $2.7 billion whale trade that triggered flash crashes in August. 13 US states have now introduced regulations limiting Bitcoin ATMs, aiming to curb fraud targeting senior citizens. The industry saw a record-breaking influx of investment into Bitcoin from major entities like Strategy and Metaplanet, as their activity pushed Bitcoin’s market share towards the 1.7% mark. On the security front, hackers netted a hefty $53 million from DeFi exploits in August, underscoring the ongoing battle against cybercriminals in this space.