According to BlockBeats, on August 22, Coinglass data showed that in the past hour, Ethereum liquidated $108 million, Bitcoin liquidated $50.94 million, XRP liquidated $48 million, and SOL liquidated $47.5 million.

In the past hour, a total of $529 million in positions were liquidated across the entire network, including $478 million in long positions and $50.21 million in short positions.

According to BlockBeats, on August 22nd, The Sandbox (SAND) experienced an unusual security incident. Attackers allegedly exploited a vulnerability to illegally mint approximately 14.9 billion SAND tokens in two addresses.

Currently, The Sandbox has not released official confirmation of the incident or details of the vulnerability. The scope of the attack and whether there was any financial loss are still under further investigation.

According to BlockBeats, on August 22, the Financial Times published an article stating that the Trump administration's economic policies are facing multiple pressures: the US federal debt has exceeded $40 trillion, long-term US Treasury yields have risen to a 19-year high, the Iran war has driven up energy prices, and mortgage rates continue to climb.

This week, the U.S. long-term Treasury market experienced significant volatility. Investors pushed up long-term Treasury yields due to concerns about expanding government borrowing and inflation risks from war. U.S. Treasury Secretary Bessenter subsequently announced an expansion of the long-term Treasury repurchase program and plans to introduce measures to reduce the fiscal deficit, but the market reaction was limited, and the dollar weakened instead.

Data shows that the US government debt surpassed $40 trillion for the first time this week, and federal spending is growing at its fastest pace since the pandemic began. The US fiscal deficit as a percentage of GDP is projected to decrease only slightly to 5.8% in fiscal year 2025, while Trump's tax cuts are expected to further increase fiscal pressure in the future.

In the energy sector, the US-Iran conflict has driven up fuel prices in the United States. Gasoline prices have risen by about 40% since before the war, reaching $4.11 per gallon; diesel prices have risen to $5.58 per gallon. Rising energy costs have undermined Trump's previous policy goals of lowering the cost of living and energy prices.

The housing market also came under pressure, with the U.S. 30-year mortgage rate rising to 6.65%, up from 5.98% before the war. Meanwhile, U.S. consumer inflation rose to a three-year high of 4.2% in May before falling back to 3.4% in July, but Federal Reserve officials remain concerned about persistent inflationary pressures.

While the US economy continues to be supported by consumer spending and investment in AI infrastructure by large technology companies, growth is slower than the government's previous targets. The annualized GDP growth rate for the second quarter of 2026 is estimated at approximately 1.5%, lower than the previously projected growth of over 3%.

Market analysts believe that high debt, high financing costs, and rising energy prices are weakening consumer confidence and could become a significant source of political pressure for the Trump administration. Bessant, however, stated that the US still has the potential to improve its fiscal situation through economic growth.