In August, the Ethereum network hit a year high with 1.8 million transactions. American regulators are defining staking, leading to more Ether being locked into the network. Meanwhile, Bitcoin has been trading down over 5% in the last 30 days, with a $2.7-billion whale trade causing a flash crash on Aug. 24.

Bitcoin treasuries in countries are using debt to fund major purchases, with over 5,000 BTC picked up in August by Strategy and Metaplanet. In the US, state regulators are collaborating with senior citizen advocacy groups to restrict crypto ATMs to combat fraud, with two states introducing legislation in the last month.

A Bitcoin whale sold $2.7 billion in BTC, causing a flash crash on Aug. 24 that liquidated $500 million in leveraged positions. Bitcoin dominance slipped to 57% in August, but could rise if Ether ETFs with staking are approved. The SEC’s statement on liquid staking hints at a possible Ether ETF.

Thirteen US states now have regulations on crypto ATMs, with Rhode Island and Wisconsin introducing legislation in August. Some cities have even outright banned crypto kiosks due to scams targeting senior citizens. The laws were supported by the American Association of Retired Persons.

Strategy acquired 3,511 BTC in August, spending around $407.2 million at an average price of $116,000. Additionally, Metaplanet added 1,859 BTC to its treasury, worth over $215.6 million in August. This trend highlights the growing trend of companies adding Bitcoin to their treasuries.

Hackers exploited DeFi platforms, stealing $53 million in August, with a major hack of Turkish exchange BtcTurk accounting for the bulk of the theft. The crypto industry is working to tackle these hacks, but some experts believe it’s an ongoing battle between hackers and security professionals.

Read more at Cointelegraph: BTC Whale Sells $2.7B, Hackers Net $53M: August in Charts