Track market-moving stories before they get noisy

Avalanche Deployment Gains TractionAave's V4 deployment on Avalanche ($AVAX) has reached $20 million in deposits, according to Token Terminal, roughly doubling in size over the past month. The platform currently carries about $5 million in active loans, a sign that borrowing activity is beginning to build alongside the deposit growth.

The Avalanche deployment went live on July 15, 2026, marking the first time Aave had deployed its newest protocol version outside Ethereum, where earlier versions built most of its liquidity. Avalanche was chosen as the first expansion beyond Ethereum in part because of an established track record and a fast-growing ecosystem for tokenized real-world assets such as Treasuries and corporate bonds. The rollout was also backed by ecosystem incentives: Avalanche committed up to $15 million tied to key performance indicators including total value locked, borrowing activity, and protocol revenue growth.

A Broader V4 Expansion StoryThe Avalanche figures are one piece of a wider growth picture for Aave V4. Across all chains, V4 deposits surpassed $600 million in late August 2026, setting a new all-time high, according to data reported by ChainCatcher. That figure covers aggregate deposits across Ethereum's mainnet and several Layer 2 networks.

The V4 architecture underpinning these deployments differs meaningfully from its predecessor. Aave V4 replaces V3's market-per-pool structure with a hub-and-spoke design that consolidates liquidity while allowing individual markets to maintain separate borrowing rules and risk parameters. Despite the strong growth in V4, the newer version remains a fraction of its predecessor's scale, and Aave's decision to run V3 and V4 in parallel lets users migrate at their own pace rather than under deadline pressure.

Sources:
CoinPaprika: Aave Brings V4 to Avalanche in Bet on Tokenized-Asset Lending
Crypto Briefing: Aave V4 Deposits on Ethereum and Avalanche Reach $300M
ChainCatcher: Aave V4 Deposits Exceed $600 Million

South Korea’s Hanwha Investment & Securities has reportedly developed a multi-network tokenized securities platform supporting Avalanche (AVAX) as the country prepares to regulate security tokens under its existing capital markets framework.

The brokerage worked with blockchain technology company FairSquare Lab on the system, with development starting in 2025, according to a Sunday report by Seoul Economic Daily. Rather than being limited to Avalanche, the platform was designed for multiple networks and also supports Hyperledger Besu.

The project comes ahead of regulatory changes scheduled for Feb. 4, 2027, when amendments recognizing distributed ledgers as legally valid securities registers are due to take effect in South Korea.

Hanwha Deepens Tokenization Exposure The platform adds to Hanwha Group’s existing investments across blockchain and tokenization businesses.

Three Hanwha affiliates have accumulated a combined 9.6% stake in Securitize (SECZ) over several years, making the group the company’s largest shareholder.

Hanwha Investment & Securities separately disclosed in July a 30 billion Korean won ($22.3 million) investment in Digital Asset, the operator of Canton Network.

FSC Plans Phased Expansion of Tokenized Securities Against that backdrop, South Korea’s Financial Services Commission (FSC) has laid out a three-stage roadmap for implementing the incoming securities token amendments.

Beginning when the new laws take effect in February, tokenization will be permitted for privately placed money market funds and bonds, fractional investment securities, and unlisted stocks structured through a trust wrapper.

If the initial rollout proves successful, the regulator plans to expand the framework to all publicly offered securities. Its longer-term plan is to establish onchain payment rails that would enable investors to settle tokenized securities using stablecoins.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Hanwha Builds Avalanche-Backed Platform Ahead of 2027 DeadlineHanwha Investment and Securities, a major brokerage within the $200 billion Hanwha conglomerate, has completed development of a tokenized securities platform built on @Avax, positioning itself ahead of a sweeping regulatory shift in South Korean capital markets.

South Korea's Regulatory Push Sets the Stage

further signaling the growing institutional appetite for the network within South Korea.

The move by Hanwha underscores a broader effort by Korean financial institutions to get ahead of a regulatory curve that is reshaping one of Asia's largest capital markets.

Sources:
The Block: South Korea's Hanwha develops tokenized securities platform on Avalanche
Seoul Economic Daily: Hanwha Securities Builds Avalanche-Based Token Securities Platform
The Block: South Korea to start tokenizing all types of securities in three stages from 2027

THE BLOCK: South Korea's Hanwha develops tokenized securities platform on Avalanche as local regulation takes shape: report

South Korea’s Hanwha Investment & Securities is actively building a blockchain-based securities platform, set to go live in the first half of 2027, ahead of the country’s landmark shift in how tokenized assets are legally recognized.

The platform, called the Digital Asset Platform (DAP), will run on Avalanche and initially target high-net-worth individuals and family offices with access to private-market assets: hedge funds, private credit, real estate, intellectual property, and unlisted shares.

What South Korea’s new rules actually change On September 4, 2026, South Korea’s Financial Services Commission announced a phased roadmap for tokenized securities, with Phase 1 beginning February 4, 2027. Rather than building a parallel legal structure, the FSC is folding tokenized securities into two existing frameworks: the Electronic Securities Act and the Capital Markets Act.

Advertisement

Phase 1 starts with institutional products: money market funds, corporate bonds, unlisted shares held through trust structures, and fractional investment securities.

Hanwha plans to launch DAP by targeting overseas markets with more permissive frameworks before the domestic Korean rules take full effect.

Avalanche’s positioning in the Korean institutional market POSCO International, the trade and investment arm of one of the world’s largest steel producers, conducted a tokenized trade receivables pilot on Avalanche on August 25, 2026.

Hanwha has invested approximately KRW 18 billion in Kresus, a US-based web3 infrastructure company focused on tokenization.

Why the market size projections are worth taking seriously Boston Consulting Group estimates South Korea’s tokenized securities market could reach roughly 367 trillion won, equivalent to approximately $250 billion, by 2030.

The FSC roadmap gives institutions a compliance timeline to build against, with Phase 1 commencing February 4, 2027.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Avalanche [AVAX] retested the $7 former resistance zone towards the end of August. On the 2nd of September, AVAX crypto began a bullish reaction that continued towards the $8 level, even though Bitcoin [BTC] faced a setback and fell below $80k in recent days.

Source: Coinalyze Since the 4th of September, the spot CVD for AVAX crypto has been rising slowly. So, too, was the Open Interest, climbing from $145.6 million to $164.9 million, according to Coinalyze data. The Funding Rates were also positive, showing market participants remained bullishly positioned.

The Avalanche price trend was also likely influenced by Aave V4 deposits reaching an all-time high of $19.1 million on Avalanche.

Can AVAX crypto’s bullish momentum last? Source: AVAX/USDT on TradingView The RSI on the daily timeframe was at 66.6, showing strong upward momentum. The OBV did not have a decisive trend, oscillating about the July highs without a clear breakout.

The volume trends showed buyer and seller pressure was relatively evenly matched, which slightly dented the idea that AVAX would see continued price gains.

Moreover, the higher timeframe swing structure has been bearish since June. The consolidation around $6.5 in recent months, as well as the recent breakout past $7.1 and the subsequent retest, was part of a broader downtrend.

The move ongoing was a retracement, and it could extend toward the $8.65 and $9.46 levels, which are important Fibonacci retracement levels (pale yellow).

Should AVAX traders buy the momentum? Source: AVAX/USDT on TradingView The $6.31 and $7.11 support levels (cyan) keep the 4-hour swing and internal structure bullish. The $7.4 level was also a local higher low, indicating a short-term uptrend in progress.

A breakout past the $8.1 supply zone will be a strong signal that the rally will continue toward $8.65 and $9.46. Swing traders can maintain this bullish bias, so long as the $7.1 support level holds.

Final Summary AVAX crypto saw a retracement toward the $7 demand zone towards the end of August. Steady spot and derivative demand have helped Avalanche token price defend a key support at $7.1 and push higher.

South Korea is taking one of the most significant steps in institutional blockchain adoption to date. The Financial Services Commission (FSC) and the Korea Securities Depository (KSD) have begun migrating the country's national capital markets architecture to the @Avax platform, placing the entire securities ecosystem, covering stocks, bonds, and funds, onto an on-chain framework.

Full Asset Lifecycle on Chain The scope of the migration is broad. The transition covers every stage of the asset lifecycle, from issuance through to secondary trading, clearing, settlement, and investor rights protection. This is not a pilot or sandbox exercise. It is a government-sponsored mandate to rebuild core financial market infrastructure on a public blockchain.

The legal foundation for the move was laid earlier this year. Under those amendments,

Avalanche's Growing Role in Korean Finance The choice of Avalanche as the underlying network is consistent with a broader pattern of institutional adoption in the region. Those qualities have already attracted a range of Korean financial and public-sector clients to the network.

The KSD migration adds significant weight to that trend.

Samsung SDS has separately been contracted to support the technical build-out.

Taken together, the FSC's roadmap signals that South Korea is moving decisively to reconcile institutional-grade legal certainty with on-chain infrastructure, using Avalanche as the settlement layer for one of Asia's most developed capital markets.

Sources:
Seoul Economic Daily: Korea to Expand Tokenized Securities to Stocks, Bonds and Funds
Chambers and Partners: Blockchain and Crypto-Assets 2026, South Korea
KuCoin: South Korea Expands Capital Market Reform with Tokenized Securities

Avalanche (AVAX) showed signs of a possible bullish reversal as demand increased around a key support zone. The token traded at $7.30 with a 24-hour trading volume of $285.9 million and a market capitalization of $3.15 billion. Within the last 24 hours, AVAX recorded a 2.81% gain, while network metrics indicated strengthening fundamentals.

Technical outlook: Bullish reversal and key resistanceCrypto analyst Crypto With Gopal identified a triple-bottom pattern developing on AVAX’s one-hour chart. The token has tested the $7.00 area twice before forming a third low at $7.05, suggesting sustained buyer interest at this support level.

This repeated defense of support points to a weakening of selling pressure and potential reversal. The main resistance now stands at $7.75. A confirmed breakout above this threshold, followed by consolidation, could shift the broader outlook positively and open the door for AVAX to approach the $8.50 zone.

Triple-bottom formations on lower time frames often reinforce the probability of bullish reversals when accompanied by rising volumes and repeated defense of support areas.

Analysts noted that confirmation of upward momentum would be necessary before market participants expect a sustained move. Without such confirmation, AVAX could remain in a consolidation phase below resistance.

Support LevelResistance LevelBreakout Target$7.00$7.75$8.50Network activity: Developer engagement surgesData from research firm MSB Intel showed a significant increase in development on the Avalanche blockchain. Over the past month, the number of smart contracts deployed rose 204%, reaching a total of 1.9 million. This surge in activity highlights a growing ecosystem and may signal increasing network usage and interest from project teams.

More development activity often translates to new decentralized applications (dApps) and on-chain solutions, potentially expanding Avalanche’s use cases and appeal.

Mini dictionary: MSB Intel is a blockchain analytics firm specializing in on-chain data tracking, contract deployments, and developer activity analysis to assess ecosystem growth across crypto networks.

If the current pace of launches and experimentation continues, Avalanche could see further network adoption and broader market recognition in the coming months.

Market dynamics and price implicationsThe wider cryptocurrency market, led by Bitcoin (BTC), has also seen renewed momentum, which may benefit AVAX in the near term. Observers recommend that traders monitor price action near the $7.75 resistance level for signals of a bullish reversal confirmation.

If AVAX fails to break out above resistance, a period of consolidation may persist. On the other hand, continued developer engagement could provide longer-term support for network growth and potential price appreciation.

Several analysts have highlighted these developments as reasons to remain attentive to Avalanche’s progress, citing both the technical chart structure and the uptick in ecosystem activity.

A sustained climb in developer activity, alongside technical resilience, frequently precedes periods of accelerated adoption and potential valuation increases across blockchain networks.

For now, the market awaits a decisive breakout. If the bullish momentum endures, AVAX may target higher levels in the short and medium term as the ecosystem continues to evolve.

Charles Schwab Shock Has Solana Traders Suddenly Eyeing $109

Ethena has launched Ethena Pay in beta for 400 early users, bringing USDe payments, Avalanche settlement and annual reward rates of up to 6% to a self-custodial mobile app.

Summary

400 users will receive initial access, with the rollout expanding weekly during September. 49 countries can access the app, while the U.S., EU, U.K., and Canada remain excluded. Standard users receive up to 5%, while Pro and VIP rates reach 6% within set balance caps. Eligible card purchases earn up to 5% cashback, which is credited in AVAX. Ethena Pay connects USDe balances with daily payments Ethena said in a launch announcement that Ethena Pay will begin with an early-access group of 400 users before adding more participants each week. The company plans to increase access throughout September as the app moves beyond its initial beta stage.

Available on iOS, the app combines a self-custodial crypto wallet with bank transfers, fiat on-ramps and a Visa payment card. A user’s dollar balance is held in USDe, Ethena’s synthetic dollar, while Avalanche processes transfers, purchases, and settlement behind the app’s consumer-facing interface.

Users can receive fiat through assigned International Bank Account Number details or transfer crypto directly to their wallets. In either case, the received balance appears as USDe. Withdrawals sent to external bank accounts can be converted into the recipient’s local currency, according to Ethena.

Payments between Ethena Pay users can also be sent through a username or payment tag instead of a blockchain address. Ethena said transfers between app users carry no fee, while bank transfers denominated in U.S. dollars, euros, and British pounds are also free. Other bank transfers may cost between 0.05% and 0.1%.

The beta is available across 49 countries in Latin America, the Caribbean, Asia, the Middle East, Africa, and Oceania. Ethena Pay’s supported-market list includes countries such as Brazil, Mexico, Australia, Japan, Singapore, the United Arab Emirates, Kenya and South Africa, although individual products remain subject to local eligibility rules.

Ethena Pay rates depend on membership tier Ethena Pay divides its balance rewards across Standard, Pro, and VIP tiers. Standard users can receive a total annual rate of up to 5% on eligible balances capped at $5,000.

Pro users can receive up to 6% on a maximum eligible balance of $15,000, while the VIP tier applies the same 6% rate to as much as $50,000. Amounts above each limit continue to receive the prevailing USDe base rate but do not qualify for the added Daily Boost.

Rather than adding a separate 6% payment to USDe’s existing rate, Ethena Pay uses the Daily Boost to bring eligible balances up to the advertised total. If the USDe base rate increases, the boost becomes smaller; if the base rate falls, the boost grows to maintain the applicable tier rate. No boost applies when the base rate exceeds the tier’s stated rate.

Calculated from a user’s time-weighted average daily balance, the boost is normally paid in USDe within 24 hours after the accrual day ends. Ethena Pay requires users to complete at least one qualifying card transaction during each calendar month to receive it.

Despite the app’s consumer-facing rate display, Ethena Pay’s terms describe the Daily Boost as a discretionary promotional incentive rather than interest, yield or a deposit product. The company also states that the balance and related rewards are not covered by the U.S. Federal Deposit Insurance Corporation or any other government-backed deposit insurance program.

Standard membership is free. Pro access can be obtained by locking $2,000 worth of ENA or referring 10 eligible users, while VIP membership requires $10,000 in locked ENA or 50 referrals, according to launch details reported by The Block.

Ethena’s balance model relies partly on returns generated from the assets supporting USDe. In August, Ethena and FalconX opened a $1 billion facility that uses part of USDe’s backing portfolio to finance secured, overcollateralized loans for institutional borrowers.

According to crypto.news, institutional lending already accounted for $310 million, or 6.9%, of USDe’s backing in early July. The reported portfolio also included roughly $2 billion in decentralized finance lending, about $1.2 billion in liquid stablecoins, and additional exposure to tokenized assets.

Self-custody leaves recovery with the user Ethena Pay Ltd., a Malta-registered software company, states that it does not operate as a bank, broker-dealer, investment adviser or money services business. Third-party providers supply the financial services accessible through the app.

Under its self-custodial design, private keys, seed phrases and wallet recovery details stay on the user’s device. Ethena Pay says it cannot access customer assets or restore a wallet when the user loses the credentials needed to enter it.

The Visa Spend Card is issued by Third National, a Puerto Rico-chartered bank, under a Visa license. Signify Holdings, which operates as Rain, manages the card program.

Qualifying purchases earn cashback in AVAX rather than dollars or USDe. Standard users receive 4% on the first $2,500 spent each month, while Pro members earn 4.5% on their first $8,000 and VIP users receive 5% on their first $20,000.

Rates decline in bands after users cross those spending limits. For example, the Pro rate falls to 2% between $8,000 and $10,000, then to 1% from $10,000 to $12,000, and 0.5% above $12,000. Each lower rate applies only to spending within that band rather than repricing earlier purchases.

Ethena Pay excludes several categories from cashback, including ATM withdrawals, cash advances, gambling, gift cards, account funding, peer-to-peer transfers, and purchases of cryptocurrencies, stablecoins, non-fungible tokens, or securities. Transactions below $1 also receive no cashback.

Once a card payment settles, normally within one to three business days, the dollar value of the reward is converted into AVAX at the rate available when the credit is issued. Ethena Pay warns that its dollar value can rise or fall after reaching the user’s wallet because AVAX remains exposed to market movements.

U.S. users remain outside the Ethena Pay rollout For U.S. readers, the main restriction is direct access. Ethena Pay is not yet available in the United States, and its card terms exclude U.S. citizens, residents and other U.S. persons even though the issuer is chartered in Puerto Rico.

The European Union, the United Kingdom, and Canada are also outside the initial release. Ethena has listed those markets for a later rollout, but access will depend on regional requirements and product approvals.

American investors can still obtain indirect public-market exposure to Ethena’s ecosystem through StablecoinX, which trades on Nasdaq under the ticker USDE. The company held approximately 3.03 billion ENA tokens valued at about $275 million when its merger with TLGY Acquisition Corp. closed in June.

Institutional access has developed through a separate channel. In June, BlackRock integrated USDe into Aladdin, its investment and risk-management platform used by institutions overseeing more than $20 trillion in assets. BlackRock’s BUIDL tokenized money-market fund was also selected as the main reserve asset for Ethena’s white-label stablecoin product.

Avalanche handles the app’s settlement activity Avalanche serves as the exclusive settlement network for Ethena Pay, covering transfers, card-related money movement, and payments, while the blockchain layer remains largely hidden from users.

The network has already supported card and corporate-payment trials involving stablecoins. In July, Hyundai Card completed a $20,000 transfer between Hyundai Motor’s U.S. and Mexican entities using USDT on Avalanche.

Hyundai Card said the intercompany settlement took about seven minutes, compared with the three to four hours usually required for a conventional bank transfer. The company handled the project’s regulatory reviews, legal and tax assessments, internal controls, and remittance design, while blockchain payments provider Axiym also participated.

Table of contents

Ethena has launched Ethena Pay, a mobile financial application that brings its USDe digital dollar into everyday use, from holding and sending money to making purchases and earning savings. According to an announcement from Ava Labs, the product is built exclusively on Avalanche, which handles USDe transfers, payments and settlement behind the scenes while users see a familiar consumer experience.

A Digital-Dollar Account for Daily Spending Ethena Pay combines a traditional account with a digital-dollar balance held in USDe, letting users move between fiat and digital dollars locally and globally, transfer funds and make purchases. Balances can be spent through Visa’s network of more than 130 million merchants. The launch builds on Ethena’s earlier work bringing USDe into payments and gives the protocol a direct channel to put the stablecoin to work in recurring activity rather than leaving it confined to trading and DeFi platforms.

Avalanche as the Settlement Layer The launch leans on Avalanche for the speed, low transaction costs and scalability needed to move value inside a consumer app, with users never required to select a network or interact directly with blockchain infrastructure. Ethena founder Guy Young framed the move as a bet on tokenized assets. “Avalanche was focused on RWAs and tokenized assets before almost anyone else was talking about them,” he said, adding that Ethena Pay can plug into liquidity and applications already live in the Avalanche ecosystem.

Why Digital Dollars Are Moving Beyond DeFi The product is positioned as part of a broader shift in which digital dollars stop behaving like crypto assets and start functioning like money that consumers can earn, hold, move and spend. Ava Labs argues that many neobanks and fintechs still depend on fragmented banking and payment infrastructure, while Ethena Pay runs on a single programmable layer that stays out of view. Digital-dollar balances in the app are held in USDe, creating a path from issuance into holding, sending, spending and saving.

What Comes Next Ethena says the app is available on iOS in more than 50 countries, with Android access, availability in the United States and European Union, and multi-currency accounts expected to follow. The rollout extends an existing business that has already processed more than $30 billion through its mint and redeem systems, integrated USDe across more than 100 platforms and protocols, and secured a USDe backing facility with FalconX, a scale the company now aims to direct toward everyday payments and savings.

AUTHOR

Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.

Built exclusively on Avalanche, Ethena Pay brings digital dollars, payments, savings, and settlement together on a single infrastructure layer.

Ethena has launched Ethena Pay, a mobile financial product that brings digital-dollars into everyday financial activity, from holding and sending money to making purchases. 

Built exclusively on Avalanche, Ethena Pay uses Avalanche as the infrastructure connecting USDe transfers, payments, and settlement behind the scenes. The result is a familiar consumer experience powered by blockchain technology that users rarely see. 

It also offers a glimpse into what the next generation of financial applications could look like: consumer products built around digital dollars and programmable money, without requiring consumers to become crypto power users. 

Ethena has already processed more than $30 billion through its mint and redeem systems, while USDe is integrated across more than 100 platforms and protocols. Ethena Pay extends that infrastructure beyond trading and investment and into the routine movement of money.

“Avalanche was focused on RWAs and tokenized assets before almost anyone else was talking about them. Ethena Pay can plug into the liquidity and applications already in the Avalanche ecosystem, then serve those products through a simple experience where users never have to interact directly with DeFi.”

— Guy Young, Founder of Ethena

From Issuance to Everyday UseMobile finance applications have improved the customer experience, but much of the underlying activity still moves through fragmented banking and payment infrastructure.

Ethena Pay brings these functions together through a single interface, allowing users to hold balances, transfer funds, move between fiat and digital dollars locally and globally, and make purchases. By combining a traditional account with a digital-dollar balance, Ethena Pay allows users to move seamlessly between the two and spend through Visa’s network of more than 130 million merchants.

Digital dollars become significantly more useful when they stop behaving primarily like crypto assets and start functioning like money: something consumers can earn, hold, move, and spend as part of their everyday financial lives.

Avalanche: The Infrastructure Behind Ethena PayAvalanche connects the different parts of the Ethena Pay experience, providing the speed, low transaction costs, and scalability required to move value within a consumer-focused financial app.

The technology is designed to remain under the interface, creating an embedded finance experience that all neobanks can benefit from. Users do not need to select a network or understand how the underlying transactions settle. They interact with a familiar product while Avalanche handles the onchain activity beneath it.

That model extends beyond Ethena Pay. Neobanks and fintechs increasingly compete on the experience they provide customers, but many still depend on fragmented infrastructure behind the scenes to move money, settle transactions, and connect financial products. Avalanche adds a programmable layer that can sit beneath the application while the company retains control of the product and customer experience.

Ethena Pay puts that architecture into practice. The same infrastructure can support a broader generation of financial applications spanning payments, digital dollars, savings, investing, remittances, and other forms of money movement without requiring the end user to interact directly with blockchain technology.

Expanding DistributionEthena Pay gives Ethena a direct consumer distribution channel for USDe. Digital-dollar balances in the application are held in USDe, creating a path from issuance into recurring activity through holding, sending, spending, saving, and more.

Ethena provides the digital dollar and customer experience and Avalanche provides the infrastructure connecting that value to transfers, payments, and settlement. The result is a familiar financial product supported by onchain infrastructure operating largely out of view. That separation between customer experience and underlying infrastructure is what makes the model relevant beyond Ethena Pay: financial companies can build products around their own customers, brands, and business models while using Avalanche as the infrastructure underneath them.

As more neobanks and fintechs adopt digital dollars and programmable payments, the opportunity extends far beyond any single product. Ethena Pay demonstrates how Avalanche can power a financial experience for an increasingly global customer base, while giving companies a new infrastructure layer to build on.

Ethena Pay is available on iOS in more than 50 countries. Android access, availability in the United States and European Union, and multi-currency accounts are expected to follow.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

This site is protected by reCAPTCHA.

Sneha Agrawal

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.

The iOS beta starts with 400 users, while official terms cap boosted balances and put cashback at up to 5% — not 10%.

Ethena has launched the beta of Ethena Pay, a self-custodial iOS money app that uses Avalanche as its exclusive settlement layer and gives USDe a direct route into consumer payments.

Ethena said the initial early-access list contains 400 users and will expand weekly as the product moves out of beta during September. Its supported-country page lists 49 countries across Latin America, the Caribbean, Asia and the Middle East, Africa and Oceania. The U.S., European Union, U.K. and Canada are among the regions marked as coming later.

Ethena Pay combines a self-custodial wallet with transfers, fiat onramps and a Visa card. Ethena Pay Ltd. says it supplies the software rather than banking or custody services; wallet keys remain on the user’s device and cannot be recovered by the company. The card is issued by Puerto Rico-chartered Third National and managed by Rain, and is available only to non-U.S. persons.

Ava Labs said digital-dollar balances in the app are held in USDe, with Avalanche handling transfers, payments and settlement behind the interface. That gives Ethena a consumer distribution channel in which USDe can be held, sent and spent without users selecting a blockchain network.

The 6% Total Rate Comes With CapsEthena Pay’s pricing terms say the advertised rate of up to 6% per year is a total made up of the prevailing underlying USDe rate plus a “Daily Boost” contributed by Ethena Pay. It is not an additional 6% on top of the base rate.

Standard users receive a 5% total rate on up to $5,000. Pro users receive 6% on up to $15,000, while VIP users receive 6% on up to $50,000. Balances above those caps earn only the underlying USDe rate, and users must make at least one qualifying card transaction each calendar month to receive the boost.

The boost is paid daily in USDe and is described as a discretionary promotion, not interest, a deposit or an insured return. Ethena Pay can reduce or end it.

The product documents do not say customer balances are converted into sUSDe. They call the variable component the underlying USDe rate. At the protocol level, Ethena’s documentation says sUSDe rewards accrue when a subsidiary of the Ethena Foundation deposits discretionary protocol revenue into the staking contract.

For most of Ethena’s history, its backing was concentrated in spot crypto assets hedged with short perpetual futures, a model that left protocol revenue and risk closely tied to that market dynamic. Ethena now says its backing portfolio is diversifying across lending, real-world assets, stablecoins and non-crypto basis trades. The company announced plans last week to add stock-linked perpetual basis trades, though deployments had not yet begun.

Cashback Tops Out at 5%Ethena’s launch post and legal pricing page advertise up to 5% cashback, rather than 10%. Standard users earn 4% on their first $2,500 of monthly spending, Pro users earn 4.5% on their first $8,000, and VIP users earn 5% on their first $20,000. Rates step down for spending above each band.

Cashback is calculated after a card transaction settles and is paid in AVAX at the exchange rate when it is credited. Transactions below $1 do not qualify, nor do categories including crypto and securities purchases, gambling, gift cards, peer-to-peer transfers and account funding.

The pricing page identifies Ethena Pay as the party offering the discretionary reward and does not name Avalanche or the card issuer as a separate cashback funder. Ethena Pay says rewards may be reduced, suspended or terminated at its discretion.

The launch therefore extends USDe beyond trading and investment into a consumer payments interface, but the beta begins with limited access and its richest rewards are tiered and capped.

How big is the tokenization market? Well, it’s big enough that the grand machinery of capital markets is now flooding in. Some of the key stats from 2026 show the shocking scale of growth in tokenized assets. 

Tokenized RWAs reached $37.29 billion on public blockchains as of August 3, excluding stablecoins. Treasury and money-market products accounted for $16.16 billion, roughly 43% of the total. Commodities stood at $4.60 billion, while equities and ETFs reached $2.16 billion. Types of Tokenized Real-World Assets By Category. Source: On-Chain Finance What’s more, US regulators are beginning to draw firmer lines. In January, SEC staff divided tokenized securities into issuer-sponsored products and third-party-created versions. 

An issuer can integrate distributed-ledger technology into its “master securityholder file,” allowing an on-chain transfer to move the security on the official register, while third-party structures can leave legal ownership recorded elsewhere and give the token holder a separate entitlement.

BeInCrypto spoke to Eva Meng, Head of Matrixdock, Myles Harrison, Chief Product Officer at AMINA Bank, Billy Miller, COO of Securitize, and Roshan Robert, CEO of OKX US, about tokenization’s real battleground. 

Ownership Begins with Settlement Eva Meng, Head of Matrixdock, places settlement at the center of the ownership question.

“An on-chain ledger can accurately record token ownership without establishing whether the underlying asset is available for settlement. The real test comes when the claim is exercised: can recorded ownership actually be carried through to settlement?”

Matrixdock’s tokenized gold (XAUm) asset shows how such rights pass from an onchain balance into physical delivery. 

In April 2025, a holder burned 32.148 XAUm and received a one-kilogram LBMA gold bar within T+3 of the redemption request, linking the token burn to a corresponding release from custody.

How a Holder Received a Physical Gold Bar for Burning His Tokenized Gold Coins. Source: Matrixdock The stakes rise as tokenization reaches securities, where ownership determines access to dividends, voting rights and corporate actions. 

Myles Harrison, Chief Product Officer at AMINA Bank, argues institutional investors tend to begin from those legal and economic rights rather than from blockchain selection.

“The token isn’t the asset. It’s a representation of a claim, and that claim only means something if a regulated institution stands behind it and is legally obliged to honor it. When I speak to institutional clients, their questions are never about which chain an asset sits on. They want to know who owes them what, under which law, and what happens if something goes wrong. Those answers live in the record of ownership, not in the token itself.”

Securitize COO Billy Miller draws a similar line between tokens created around securities held elsewhere and issuer-sponsored tokens incorporated into the ownership record itself.

“In an issuer-sponsored model, the issuer authorizes tokenization with the token representing the actual security and ownership, akin to how book-entry is a digital representation of shares held at the transfer agent.”

Securitize put the model into use when its common stock began trading on the NYSE under SECZ on July 2. Eligible US investors are also able to access tokenized SECZ through Securitize. 

The tokens launched on Avalanche and Solana while representing the same common stock trading on the NYSE, giving one security both conventional and on-chain forms of ownership.

Securitize is now officially a public company, listed on the @NYSE under the ticker SECZ.

Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets.

To everyone who helped us get here, thank you.

Tokenize the World. pic.twitter.com/XVhjA5udA9

— Securitize (@Securitize) July 2, 2026 💡 Did you know? Robinhood’s 2025 “SpaceX stock tokens” gave investors derivative exposure rather than direct ownership of SpaceX shares. The controversy exposed a central risk in tokenization: owning a token does not necessarily put the holder on the company’s share register or grant the rights attached to the underlying equity. 

Transfer Agents Transfer agents have long maintained security-holder records, processed changes in ownership, and administered distributions. With tokenized securities, recordkeeping becomes more closely tied to the trade because an on-chain transfer can feed into the official register, making the quality and speed of recordkeeping part of the trading experience itself.

Traditional exchanges are already building around this role. 

In March, the NYSE named Securitize as the first digital transfer agent eligible to mint blockchain-native securities for corporate and ETF issuers on its planned digital trading platform, while the two companies also agreed to work on standards covering digital transfer agents and tokenization agents.

Roshan Robert, CEO of OKX US, sees the transfer agent and blockchain as complementary components.

“Tokenization works best when the asset is tied directly to the official ownership record. A digital transfer agent maintains that record and manages transfers, distributions and corporate actions. Blockchain infrastructure provides the speed, transparency and global reach that make these assets more useful. Strong tokenized markets need both trusted ownership records and high-performance blockchain infrastructure. Together, they can allow tokenized assets to move securely and, ultimately, trade around the clock.”

The institutional footprint around regulated tokenization is growing alongside those market plans. Securitize reported $3.4 billion in assets under management at the end of March 2026 and $1.9 billion of aggregate transaction volume during the first quarter, figures published shortly before its July NYSE listing.

Around-the-Clock Trading Reaches the Old Market Clock The NYSE is developing a regulated digital venue designed for 24/7 tokenized securities trading, instant settlement and stablecoin-based funding, pairing its Pillar matching engine with blockchain-based post-trade systems.

Harrison sees the difficult work arriving beyond the trading venue, where counterparties, compliance teams and settlement systems still operate according to schedules refined over decades.

“At AMINA Bank, we settle 24/7, 365. We’re always online. But try clearing something on a Saturday evening through a traditional institution; it just doesn’t happen. And that’s not a technology problem. The entire financial system – from the processes and the staffing models to the compliance infrastructure – was built around market opening hours and optimized over decades. Unwinding is like turning an oil tanker. It will happen, but anyone telling you it’s 12 months away is underestimating the challenge.”

Meng sees the same tension in gold, an asset whose price can respond to geopolitical events and macroeconomic releases while key elements of the conventional market remain bound to established operating hours.

“The challenge is that only part of the stack is always on. Secondary trading and transfers can continue on-chain, while underlying markets, banking, custody, hedging, and primary-market activity still follow traditional operating hours.”

Tokenized gold can therefore continue forming a price while conventional routes are closed, giving onchain markets an early read on new information.

“The harder test comes when the tokenized price moves away from the underlying market while the mechanisms that normally bring them back into alignment, such as arbitrage, hedging, minting and redemption, are unavailable. Liquidity providers then have to carry more inventory, basis and gap risk until those markets reopen,” Meng said.

Continuous trading becomes economically durable when liquidity providers can manage exposure across those uneven schedules, with enough cash settlement, custody and redemption capacity to support prices through weekends and overnight sessions.

The Registry Outranks the Chain Blockchain selection still affects transaction costs, execution speed and access, although Harrison sees legal and operational design carrying greater importance for institutions deciding whether an asset can enter portfolios.

“The chain matters far less than people assume. I see institutions spending months evaluating which blockchain to use when the real question is whether the legal and operational infrastructure around their asset is in place. Can they settle? Can they comply across jurisdictions? Can their counterparties access it? The industry spent almost two years getting lost in the semantic between tokenized deposit, a CBDC and a stablecoin when technologically they’re identical. The infrastructure around the token is what determines whether institutional clients can use it,” said Harrison from AMINA Bank. 

SECZ provides one illustration. The same issuer-sponsored common stock launched across Avalanche and Solana, leaving the economic rights attached to the share while blockchain choice governs where an eligible investor can hold and transfer the tokenized form.

The SEC’s January guidance gives the registry similar prominence from a regulatory perspective, centring issuer-sponsored tokenization on the master securityholder file and the relationship between an onchain transfer and the legally recognized ownership record.

Where Tokenization Breaks Down Continuous trading becomes more complicated when a token keeps changing hands while its reference market has closed, leaving price discovery concentrated in the tokenized asset until conventional trading resumes.

Harrison points to tokenized equities.

“You can trade the token at any hour, but the underlying security doesn’t reprice outside traditional market hours. You’re buying a wrapper whose reference value is frozen until the market reopens.”

Tokenized Treasuries raise a different issue. They are already the largest real-world asset category tracked by RWA.xyz, with $16.16 billion distributed across 85 products as of August 3, yet AMINA’s clients can already buy conventional T-bills through the bank’s securities dealer license. 

In their case, wrapping the same exposure in a token offers limited extra utility unless it improves access, settlement or use elsewhere onchain.

“The tokenized version solves a distribution problem that doesn’t exist for them.”

Tokenization earns its economic value where a blockchain representation improves access, settlement, portability or use as collateral, while the ownership record preserves a holder’s enforceable rights throughout the process. 

The market is already large enough for this distinction to become commercially important, especially as tokenized securities begin entering regulated public-market venues.

Avalanche (AVAX) is showing early signs of a potential bullish reversal, with buyers aiming for key resistance levels and institutional participation increasing. Several major asset management firms have expanded their exposure to AVAX, and staking activities are on the rise, driving optimism about a possible reduction in available supply if momentum persists.

Current market performance and analyst outlookAs of the latest data, AVAX trades at $7.29, supported by a 24-hour trading volume of $304.95 million and a market capitalization of $3.14 billion. The asset has declined 3.16% in the last 24 hours, yet its technical setup and rising network activity have prompted some bullish forecasts.

Crypto analyst Usman Adk identified the possibility of a trend reversal, noting that AVAX has been consolidating at lower price levels for an extended period. He indicated that the coin is gearing up to challenge a significant resistance region, which could serve as a foundation for a price recovery if buyers manage to push through.

AVAX has spent considerable time trading near its lows, and a successful break above resistance zones could signal a shift in trend fueled by mounting buy-side pressure.

Nevertheless, analysts foresee that resistance may intensify at overhead order blocks, where sellers could increase activity to counter further price advances. A decisive move and consolidation above these barriers would be critical for the development of a new bullish pattern. Adk also noted that the $100 level, if momentum builds, could represent a future milestone for a reversal.

Institutional accumulation and staking activityAvalanche, a layer-1 blockchain focused on decentralized applications and finance, reported that Bitwise, VanEck, and Grayscale—leading US-based asset management firms—have collectively amassed over 5 million AVAX this week. This demonstrates growing institutional interest in AVAX, as traditional finance players seek opportunities within blockchain infrastructure.

The amount of AVAX staked currently stands at 3.49 million, indicating that a substantial portion of institutional holdings are being used to secure the network. VanEck, in particular, has staked about 80% of its AVAX allocation, strengthening the narrative around institutional backing and potentially reducing the amount of tokens available for trading.

Mini dictionary: VanEck, Bitwise, and Grayscale are prominent US asset managers offering investment products that give traditional investors exposure to cryptocurrencies and blockchain assets, broadening access to these markets through regulated financial vehicles.

InstitutionAVAX HoldingsStaked PercentageVanEckNot specified (part of 5M+ total)~80%BitwiseNot specified (part of 5M+ total)Not specifiedGrayscaleNot specified (part of 5M+ total)Not specifiedMarket risks and potential catalystsDespite favorable predictions and strengthening network fundamentals, AVAX continues to trend downward in the short term. This performance aligns with broader market caution, as Bitcoin has been trading sideways following its recent rally.

Investors in AVAX are closely watching for a breakout through the critical resistance band, which would likely affirm the reversal pattern and attract additional buying interest. If institutional buildup and heightened staking continue, the supply of liquid AVAX tokens could diminish, adding a potential catalyst for future price appreciation.

Analysts caution that price forecasts remain uncertain, as the cryptocurrency market is subject to rapid changes in sentiment and high volatility.

Strong institutional participation combined with higher staking rates could tighten AVAX’s circulating supply, but confirmation of a trend reversal depends on overcoming established resistance levels while maintaining momentum.

Avalanche (AVAX) is showing signs of a bullish setup as buyers continue to defend key support levels. A confirmed breakout could enhance momentum for the token and improve its price outlook, with traders monitoring the potential for further gains in the near term.

AVAX price holds above support, eyes breakoutAVAX is currently trading at $7.40, recording a 1.75% gain in the last 24 hours, accompanied by a 24-hour trading volume of $170.36 million and a market capitalization of $3.2 billion. The price structure, paired with recent growth in total value locked (TVL), points to a possible bullish reversal as the market seeks direction.

CryptoJack, a crypto analyst known for technical market insights, observed a potentially bullish pattern for AVAX on the four-hour chart, drawing attention from traders awaiting larger price movements. According to his analysis, current momentum may strengthen if buyers keep supporting key price levels while resistance areas weaken.

CryptoJack highlighted that, if momentum continues and resistance is overcome, bullish sentiment could accelerate and drive AVAX toward the $8.41 level in the coming sessions.

Market participants are closely watching immediate resistance zones as AVAX attempts to break out. Failure to cross these resistance points could lead to further consolidation or a renewed effort to break higher at a later stage.

DeFi ecosystem growth drives TVL higherAvalanche’s decentralized finance (DeFi) ecosystem is experiencing renewed growth in participation, with MSB Intel reporting a total value locked (TVL) of $488.5 million. TVL measures the total capital users have deployed in DeFi protocols such as decentralized exchanges, lending platforms, and liquidity pools operating on the Avalanche network.

An increase in TVL is generally viewed as a reflection of rising user confidence in the network’s DeFi projects. More liquidity on Avalanche is expected to support higher transaction volumes, growth in decentralized applications (dApps), and further development of lending and borrowing protocols. Sustained gains in TVL could also improve sentiment among AVAX holders, provided that network activity continues to advance.

Mini dictionary: Total Value Locked (TVL), a metric that measures the total amount of digital assets deposited in DeFi protocols, indicating user engagement and ecosystem growth on blockchain networks like Avalanche.

However, analysts emphasize that TVL can fluctuate based on multiple factors, such as token price changes and shifting market conditions, so monitoring adoption and liquidity remains essential. The attempted breakout above resistance levels is seen as the next potential sign of bullish momentum for AVAX, with the $8.41 target under close observation.

If the current bullish setup continues and resistance is breached, AVAX may rally further, boosted by its strengthening DeFi ecosystem. In contrast, a breakdown below support or failure to overcome resistance could slow or reverse recent gains.

MetricCurrent ValueAVAX Price$7.4024-Hour Trading Volume$170.36 millionMarket Capitalization$3.2 billionTotal Value Locked (TVL)$488.5 millionBullish Target$8.41

A Regulated Platform Expands Its Network ReachFrankfurt-based Cashlink Technologies, one of Germany's few BaFin-licensed crypto securities registrars, has added @avax to its institutional tokenization platform. The move allows financial institutions to issue and manage token-based securities on Avalanche using the same regulated infrastructure they already use on other networks.

More recently,

A Multi-Chain Strategy, Not a Single Bet

The broader backdrop is a European market that has grown more receptive to tokenized securities. giving regulated firms like Cashlink a clear statutory framework to operate within.

Sources
Crypto Briefing: Cashlink integrates institutional securities infrastructure with Avalanche
CoinDesk: German State Lender NRW.BANK Issues €100M Blockchain Bond on Polygon
Cashlink: Token-based bonds overview

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Leading crypto exchange Binance is planning to delist 12 margin trading pairs in early September, including major cryptocurrencies SUI, Avalanche (AVAX), and Chainlink (LINK). This particularly affects Bitcoin pairs of SUI, Avalanche, and Chainlink.

In a recent announcement, Binance issued a notice of removal for margin trading pairs scheduled for September 3, 2026.

In its post, Binance said it will delist the affected margin trading pairs on September 3 at 06:00 (UTC). A total of 12 Isolated Margin Pairs will be delisted; five of these are on Cross Margin.

HOT Stories

The Isolated Margin Pairs include SUI/BTC, AVAX/BTC, LINK/BTC, TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, BREV/USDC, USDE/USDC, WBETH/ETH, BFUSD/USDT, and BNSOL/SOL. Five pairs — TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, and BREV/USDC — will be delisted on Cross Margin.

You Might Also Like

Effective immediately, users may no longer be able to transfer any amount of assets of the aforementioned pairs via manual transfers and Auto-Transfer Mode into their Isolated Margin accounts.

Dates for usersBinance highlighted the dates in the delisting process of these margin pairs: on September 1 at 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the isolated margin pairs.

On September 3 at 06:00 (UTC), Binance Margin will close users' positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned cross and isolated margin pairs, and they will afterward be removed from Binance Margin.

You Might Also Like

The delisting only affects the said margin pairs, as users can still trade the above assets on other trading pairs available on Binance Margin.

To avoid potential losses, users are urged to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of Margin trading on September 3 at 06:00 (UTC). This is because they will not be able to update their positions during the delisting process, which may take about 3 hours.

On September 3 as well, Binance has already earmarked 3 crypto assets for delisting: ICON (ICX), Secret (SCRT), and Storj (STORJ), following its recent review.

In a previous announcement, Binance said it has decided to delist and cease trading on all spot trading pairs for the tokens on September 3 at 03:00 (UTC).

New data from blockchain analytics platform ChainSpect shows @SeiNetwork has taken the top spot for daily active transaction growth, recording a 37% increase in transaction volume. @KeetaNetwork Mainnet ranks second with 21% growth, while @Avax comes in third with 15%.

Sei Extends Its On-Chain MomentumThe ranking adds to a run of strong on-chain readings for Sei. By late 2025, address activity had climbed further,

The network's throughput ambitions are also scaling up. On the distribution side,

Keeta and Avalanche Round Out the Top Three@KeetaNetwork Mainnet's second-place finish at 21% growth signals rising traction for the newer network. @Avax, one of the more established layer-1 platforms, rounds out the top three with 15% growth in daily active transactions.

The rankings highlight a broader competitive dynamic in the layer-1 space, where networks are increasingly judged not just on theoretical throughput but on sustained, measurable on-chain activity.

Sources:
ChainSpect Blockchain TPS and Activity Rankings
Blockchain.news: Sei Hits 5 Billion Transactions as Daily Active Users Surge
Sei Network Eyes Mass Adoption in 2026 via Infrastructure Upgrades

Charles Schwab said Thursday it will add Solana, Avalanche and Chainlink to its retail crypto platform, and SOL rose 12.9% to lead the ten largest tokens. Ethena gained 21.9% after its research team proposed routing 95% of net revenue into ENA buybacks.

Bitcoin traded above $80,000 on Thursday as Charles Schwab told clients it will widen the list of tokens available in Schwab Crypto accounts, giving Solana, Avalanche and Chainlink access to a retail brokerage that has offered only bitcoin and ether since May.

The three named tokens outpaced the two Schwab already carries. SOL gained 12.9%, Chainlink 5.5% and Avalanche 3.6%, against 2.1% for bitcoin and 1.5% for ether. U.S. spot Solana ETFs have taken in $1.23 billion since launch and drew $3.6 million on Wednesday.

Bitcoin last changed hands at $80,020, up 2.1% over 24 hours and 10.4% over seven days, after trading between $78,294.85 and $80,793.49, CoinGecko data shows. It closed at $79,018 on Wednesday and had not settled above that level in the prior five sessions. Ether was at $2,504, up 1.5% on the day and 8% on the week. XRP added 6% to $1.46; Solana rose 12.9% to $109.13; BNB gained 1.6% to $710.12. Total crypto market value stood at $2.79 trillion, up 2.22% over 24 hours, on $99.4 billion of volume, with bitcoin dominance at 57.6%.

Among the 100 largest tokens, 71 are neither stablecoins nor tokenized funds or commodity tokens, and 63 of those rose on the day. Across the 150 largest, 16 non-stablecoin tokens declined.

The Crypto Fear & Greed Index read 71, or greed, on Thursday, against 65 on Wednesday and 41 on Aug. 18, according to Alternative.me.

Three New TickersSchwab said in a press release on Thursday that Solana, Avalanche and Chainlink will become available in Schwab Crypto accounts in the coming months. The platform has carried bitcoin and ether since its rollout in May, which The Defiant covered at launch.

"These additions are consistent with our approach to provide clients with access to familiar cryptocurrencies backed by an ecosystem of education, tools, resources, and support to make informed decisions about how crypto might fit into their broader investing goals," said Joe Vietri, Head of Digital Assets at Charles Schwab.

The release gives no date and no client or asset figures. Schwab has separately told advisors it is targeting mid-2027 for spot trading and custody in its registered investment advisor channel, which The Defiant reported this year.

SOL traded between $96.47 and $109.67 over 24 hours on $7.43 billion of volume, its market value at $63.7 billion. Chainlink was at $11.89, up 5.5% on the day and 11.7% on the week. Avalanche was at $7.50, up 3.6% and 4.5%.

Ethena Wants 95%Ethena's research team posted a proposal to activate the ENA fee switch on the Ethena governance forum at 1:59 p.m. UTC on Thursday, and ENA rose 21.9% to $0.1669 on $1.79 billion of volume, its largest one-day gain among the 150 biggest tokens after VeChain.

The post ties the size of the buyback to the supply of Ethena's synthetic dollar. "the share of protocol revenue directed to ENA buybacks increases at each USDe circulating supply milestone," it reads. Once the first milestone is reached, "95% of the net revenue from each of these business lines...would be directed to ENA buybacks." The named business lines are USDe savings, whitelabel stablecoins and a third the post calls Ethena [X].

Buybacks do not begin on approval. "These milestones will be subject to an ENA tokenholder vote, which will follow immediately after this post," the proposal says, and no vote link had been posted in the thread as of Thursday afternoon.

USDe circulating supply stands at $4.05 billion, DefiLlama data shows, against the ">$6bn" supply threshold, one of three conditions the Risk Committee set in its November 2024 fee switch parameters. Ethena holds $4.49 billion of total value locked and generates $310 million of annualized fees, of which $5.3 million currently reaches the protocol as revenue.

The Defiant covered the first attempt to switch on the fee in September 2025 and Wintermute's original call for revenue sharing.

Solana Validators VoteSolana's first on-chain validator governance vote covers three proposals filed to the Solana Foundation's governance repository: SGP-0001, a Solana constitution authored by Nick Almond of Jito and Tushar Jain of Multicoin; SGP-0002, which raises the disinflation rate from -15% to -30% and cuts emissions by about 18.9 million SOL over six years; and SGP-0003, which endorses a base inclusion fee plus a fully burned resource fee.

The repository's stated policy requires no minimum turnout and sets passage at two-thirds of For plus Against stake, with a three-epoch voting period. The governance FAQ states a one-third quorum and counts abstentions in the denominator. No tally has been published.

Solana Company, the Nasdaq-listed treasury vehicle, disclosed its positions on Aug. 21: for SGP-0001, against SGP-0002 and against SGP-0003. "We strongly believe that institutional adoption is a critical driver of Solana's growth, and institutions make decisions based on consistent, predictable structures," Chairman and CEO Joseph Chee said in the statement.

DeFi Development Corp. said Thursday morning it bought about 19,000 SOL at an average $98.14, taking its holdings to roughly 2,333,432 SOL and SOL equivalents, according to its release. The purchase is worth about $1.9 million.

Hedges Roll Off FridayBitcoin options expire on Deribit on Friday, and one market maker says the hedging around that expiry has been adding to the advance.

"Around $6.4bn of Bitcoin options settle on Deribit on Friday, with max pain near $69,000 and spot some 13% above it. Most of the open interest is in calls, so the desks that sold them have been buying spot to stay hedged as price rises. That buying isn't a view on the market, it's an obligation, and it has been adding to the move rather than capping it," said Martin Lee, Market Insights Lead at DWF Labs, in emailed comments.

"The larger event is still the September quarterly, which carries around 65% more open interest and expires in the same week as the Senate's procedural vote on the market structure bill and the Fed decision," Lee said.

Lee's note also said core PCE arrives Friday. The Bureau of Economic Analysis published the July report on Wednesday. The PCE price index rose 0.2% on the month and 3.7% over 12 months, and the core index rose 0.2% and 3.3%, according to BEA.

The Defiant could not independently confirm the $6.4 billion notional or the $69,000 level. A partial read of Deribit's public order book summary for the Aug. 28 expiry showed larger open interest in puts than in calls.

The Kansas City Fed's Jackson Hole symposium runs Aug. 27-29 on the theme "Financial Innovation: Implications for Payments and Policy." The bank has not published a program or speaker list.

Polymarket put the odds of no change at the Sept. 15-16 meeting at 68% and a quarter-point increase at 31%, against 1.1% for a cut, on $54.7 million of volume. Senate cloture on the CLARITY Act ripens Sept. 15, and The Defiant reported this month that traders had pushed passage odds into 2027.

ETFs Keep BuyingU.S. spot bitcoin ETFs took in $232.2 million on Wednesday, bringing the week to $884.1 million, according to Farside Investors. BlackRock's IBIT accounted for $200.8 million of Wednesday's total and Grayscale's GBTC lost $50.4 million. Spot ether ETFs took in $192.4 million on Wednesday and $487.8 million over the three sessions. Thursday's figures publish after the U.S. close.

Spot Solana ETFs took in $3.6 million on Wednesday, down from $32.2 million on Tuesday and $33.5 million on Monday. Cumulative net flow into the six funds stands at $1.23 billion.

DeFi total value locked rose 1.91% over 24 hours to $88.94 billion, DefiLlama data shows. Stablecoin supply grew 0.78% over seven days to $303.9 billion and 0.41% over 30 days, adding roughly $2.4 billion on the week.

Treasury yields were little changed. The 30-year closed at 5.18% on Wednesday and the 10-year at 4.66%, against 5.23% and 4.70% on Monday, Treasury data shows. The two-year held at 4.19%. Thursday's rates publish after the close. The S&P 500 rose 0.72% to 7,730.99 and the Nasdaq Composite gained 1.57% to 26,541.35. The SPDR Gold Shares ETF added 0.27%.

VeChain Runs Without NewsTokenPrice24h7dVeChain (VET)$0.007230+24.1%+41.3%Ethena (ENA)$0.1669+21.9%+55.6%Official Trump (TRUMP)$2.57+15.8%+54.8%Solana (SOL)$109.13+12.9%+25.5%Lighter (LIT)$3.73+12.4%+40.6%Ribbita by Virtuals (TIBBIR)$0.2743+9.9%+19.1%VeChain was the largest gainer among the 100 biggest tokens, and no dated announcement accompanied the move. The most recent post on VeChain's site is dated Aug. 6 and covers VIP-255, an upgrade the project calls Interstellar that packages 11 Ethereum improvement proposals; voting on it ran Aug. 10-17 and the activation block is set for September. VTHO, the gas token minted by holding VET, rose 8.2% over the same 24 hours against VET's 24.1%.

Official Trump rose 15.8% with no project news. The token is 96.5% below the $73.43 it reached in January 2025 and set a record low of $1.37 on Aug. 13.

Lighter's LIT extended its run to 40.6% over seven days. Founder Vladimir Novakovski holds one of the 43 seats on the CFTC's Innovation Advisory Committee, which met for the first time on Aug. 20; the agency has published nothing since a readout on Aug. 21, and neither Lighter nor the CFTC has announced a U.S. perpetuals offering. Lighter processed $16.15 billion of perpetual volume over seven days against $633 million of total value locked, third among perpetual DEXs behind Hyperliquid and Aster.

Kamino's KMNO rose 19.6% and Cash Cat 18%, both outside the 150 largest tokens.

Stacks Gives BackTokenPrice24h7dStacks (STX)$0.2531-5.2%+80.6%Bitway (BTW)$0.3985-3.5%+0.7%JUST (JST)$0.09696-3.5%-9.1%Canton (CC)$0.1121-3.1%+11.8%Beldex (BDX)$0.08014-1.2%-1.8%HTX DAO (HTX)$0.051693-0.9%-2.4%Stacks was the largest decliner among the 150 biggest tokens after an 80.6% week, alongside Falcon Finance's FF at 5.8%. No adverse announcement accompanied the decline. Stacks said Thursday that HashKey Cloud will take part in the first Bitcoin Staking Genesis Bond, and announced BitGo support for sBTC on Tuesday and Fordefi custody on Monday.

"HashKey Cloud brings the largest institutional staking operation in Asia into Bitcoin Staking, and that is exactly the kind of participant the Genesis Bond is built for," said Muneeb Ali, Founder of Stacks. "Institutions want their Bitcoin to earn Bitcoin without giving up custody or moving it off the base layer."

The Genesis Bond launches around Sept. 10 and starts at Bitcoin block 966,350, according to Stacks. Dual stacking ends at the same block. Restaking participation stood at 88% of STX after the PoX-5 upgrade went live on July 31.

Canton, the largest token to fall, has no announcement dated this week. JUST and HTX DAO, both on Tron, were down over seven days as well.

Prices and market data as of 4:45 p.m. ET on Aug. 27, 2026.

Chainlink (LINK) is maintaining its position above a critical support level as it forms a bullish pennant, prompting market observers to watch for a potential breakout that could support further gains. The recent rally has reinforced the positive structure for LINK, which could be poised for another upward move in the coming weeks.

LINK price climbs with bullish reversal signalsAt present, LINK is trading at $11.89, reflecting a 5.11% increase over the last 24 hours. The token’s 24-hour trading volume reached $449.77 million, while its market capitalization stood at $8.89 billion.

Crypto With Gopal, a cryptocurrency analyst, stated that LINK is holding firmly above the key $11 support level. After the latest gains, LINK’s price structure suggests a bullish reversal is taking shape.

LINK’s bullish pennant signifies buyers are absorbing selling pressure and holding control, creating potential for another surge if the top trendline breaks with strong volume. Maintaining support at $11 remains crucial to this outlook.

A clean breakout from the bullish pennant pattern, especially if backed by heightened trading volumes, could set the stage for LINK to move toward its next target of $15. Traders and analysts continue to emphasize close attention to trading volumes as confirmation of the move.

Charles Schwab seeks to boost crypto exposureIn parallel to Chainlink’s technical indicators, Charles Schwab has disclosed plans to expand the range of cryptocurrencies available on its Schwab Crypto platform. The expanded lineup will include Chainlink (LINK), Solana (SOL), and Avalanche (AVAX), offering investors broader access to digital assets, in addition to the widely supported Bitcoin (BTC) and Ethereum (ETH).

Charles Schwab is a leading US-based brokerage and financial services company known for managing both retail and institutional investment accounts. The company reported approximately 39.8 million active brokerage accounts and $13.1 trillion in client assets for the second quarter of 2026.

By adding LINK and other altcoins to its existing offerings, Schwab aims to enable millions of traditional investors to explore a larger segment of the crypto market. Although not all client assets are expected to flow directly into digital assets, the increased visibility from Schwab’s platform may contribute to broader adoption and awareness of Chainlink.

Mini dictionary: Charles Schwab, a major US financial services provider, offers brokerage, investment, and wealth management solutions to clients and is recognized for its expansive reach in both traditional and digital financial products.

PlatformCurrent Supported CryptosNew AdditionsTotal Client AccountsTotal AssetsCharles SchwabBitcoin, EthereumChainlink, Solana, Avalanche39.8 million$13.1 trillionThe evolution of the LINK price will depend on whether buyers maintain the $11 support and trigger a pennant breakout with confirmation from volume. The potential rollout of LINK on Schwab’s crypto platform is also seen as a factor that could influence future price movement.

Analysts remain focused on technical indicators to determine if the next leg up towards $15 materializes, as further adoption by institutional platforms continues to shape the landscape for Chainlink.

Chainlink’s price action, combined with increasing accessibility through platforms like Charles Schwab, may reinforce growing institutional and mainstream interest in the token.

The brokerage will open SOL, AVAX, and LINK trading to nearly 40 million brokerage accounts in the coming months, its first token additions since launching with bitcoin and ether.

Original Image Credits: CLS Digital Arts / Shutterstock.com

Posted August 28, 2026 at 6:34 am EST.

Charles Schwab announced plans on Thursday to add Solana, Avalanche, and Chainlink to Schwab Crypto, the first expansion of the platform’s token list beyond bitcoin and ether. The company said the three assets will be available for clients to buy and sell in the coming months and gave no firmer date.

Schwab Crypto operates through Charles Schwab Premier Bank, SSB, and charges 75 basis points on the dollar value of each trade. Schwab presents the rate as competitive, though crypto-native exchanges generally charge less. Accounts are unavailable in New York and Louisiana and in US territories. Joe Vietri, Schwab’s head of digital assets, said the additions give clients “more choices to build a digital asset allocation” alongside the investing and banking services they already use.

This story is an excerpt from the Unchained Daily newsletter.

Subscribe here to get these updates in your email for free

Distribution is what makes the listing matter. Schwab held $13.04 trillion in client assets and 39.9 million active brokerage accounts at the end of July, so shelf space here reaches retirement and advisory money that has never opened an account at Coinbase or Kraken. For SOL, AVAX, and LINK, that is a change in the composition of the buyer base rather than a short-term trading catalyst.

Schwab has been layering on crypto exposure across products: it began rolling out spot bitcoin and ether trading earlier this year, added 24/7 crypto futures on bitcoin, ether, solana, and XRP through thinkorswim in June, and is preparing S&P 500 event contracts with Cboe.

And Schwab said it will keep adding cryptocurrencies and digital assets over time. Its disclosures still describe digital currencies as purely speculative instruments that are not deposits, not FDIC insured, and not protected by SIPC.

Related Listen: Should Tokenized Stock Only Come From Issuers? Yes, Says Carlos Domingo

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

Charles Schwab (NYSE:SCHW) is preparing to widen the range of tokens available on Schwab Crypto, the firm’s retail digital-asset service. In a recent announcement, the brokerage said eligible clients will soon be able to buy and sell Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) in dedicated crypto accounts.

The three assets will join bitcoin and ethereum, which have been the only tokens available for direct trading since Schwab Crypto began a phased rollout in May 2026.

Schwab described the new listings as part of a measured effort to grow the platform with well-known cryptocurrencies that match customer interest.

The company did not name a precise launch window beyond “the coming months,” and it reserved the right to postpone, alter, or drop support for any announced token if market, regulatory, operational, or risk conditions change.

Joe Vietri, Schwab’s head of digital assets, said the expansion is meant to give clients more ways to include digital assets in a broader portfolio while remaining inside Schwab’s familiar investing and banking environment.

He framed the move as consistent with the firm’s strategy of offering established cryptocurrencies together with education, tools, and support so investors can decide how—or whether—crypto belongs in their plans.

Schwab Crypto is offered through Charles Schwab Premier Bank, SSB, an FDIC-member bank that is affiliated with, but separate from, Charles Schwab & Co., Inc.

Clients keep a distinct crypto account that can be linked to an existing brokerage relationship.

Holdings and trades can be viewed next to stocks, funds, and other conventional investments on Schwab.com, the Schwab Mobile app, and the thinkorswim platform.

The service also includes research and commentary from the Schwab Center for Financial Research, crypto-focused educational material through Schwab Coaching, and around-the-clock phone and chat support.

Each trade is priced at 75 basis points of the dollar amount of the transaction, a rate Schwab presents as among the lowest in the industry.

Availability is limited. Accounts are offered in all US states except New York and Louisiana and are not available in US territories or outside the United States.

Not every applicant will qualify, and accounts can be restricted or closed if a client moves to an unsupported jurisdiction.

Cryptocurrencies held through the service are not securities, are not SIPC-protected, are not FDIC-insured, are not bank deposits, and can lose value.

Schwab stresses that digital assets are highly volatile, lack many of the consumer protections attached to legal tender and regulated securities, and should be treated as speculative.

The firm said it intends to keep adding cryptocurrencies and other digital assets over time rather than opening the platform to a large menu of tokens at once.

That gradual approach matches how Schwab entered the market: it waited for a clearer US regulatory path, started with bitcoin and ethereum, and is now extending the lineup to three additional networks that already have large user bases and established use cases in payments, smart contracts, custom blockchains, and oracle data.

For investors already using Schwab for stocks, cash management, and advice, the expansion reduces the need to open a separate account at a crypto-native exchange.

For the tokens themselves, a brokerage with tens of millions of accounts and trillions of dollars in client assets could, over time, broaden the pool of traditional investors who can buy and hold SOL, AVAX, and LINK through a regulated retail channel. Exact timing, trading limits, and any phased rollout details have not yet been disclosed.