Bitcoin treasury Strategy has halted stacking sats — again.
Just one week after resuming its bitcoin buying following a 10-week hiatus, the Nasdaq-listed company has put its BTC purchases on hold again.
Instead, the firm continued buying back its stock, repurchasing $176 million of STRC and increasing the size of its digital credit securities repurchase program from $1 billion to $2 billion, according to a Tuesday regulatory filing and announcement from founder and chairman Michael Saylor.
The company still holds 845,050 bitcoins worth over $66 billion at today’s prices and $6.5 billion in dollar reserves. The bitcoins were bought at an average price of $63.73 billion, according to Tuesday’s filing.
Strategy shares (NASDAQ: MSTR) were trading more than 3% lower Tuesday morning in New York.
The company paused its bitcoin buys in June, instead focusing on building a cash buffer, buying back its stock and even sometimes selling some of its holdings.
Strategy has defended its bitcoin sales, with CEO Phong Le saying that the company now has a “bullet-proof balance sheet” because of the move, and that it was the “right trade at the time” to sell when it did.
In the company’s quarterly earnings in July, Strategy posted a $8.22 billion loss. But Le reassured investors that the firm’s current paper loss was nothing to worry about.
“We’re the J.P. Morgan of the crypto economy, so whether we sell 1,000 Bitcoin out of 840,000 to me is irrelevant to the conversation,” Le said.
Strategy — formerly MicroStrategy — is an enterprise software company that pivoted to buying and holding bitcoin in 2020.
It first bought the cryptocurrency to protect its shareholders from inflation. Since then, it has aggressively bought the asset and pivoted to being a bitcoin treasury.
Investors can now buy its shares to get heightened exposure to the cryptocurrency, or get paid a yield via its digital credit products.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
CoinCorner spustil pro britské zákazníky Bitcoinový úschovný Vault s ročním poplatkem 1,5 % a pojištěním od Lloyd’s. Přístup ke klíčům je rozdělen mezi CoinCorner a AnchorWatch, takže ani jedna firma nemůže Bitcoin sama přesunout.
CoinCorner has launched a Bitcoin custody service for UK customers that charges a 1.5% annual fee and uses keys held separately by CoinCorner and AnchorWatch.
Summary
CoinCorner and AnchorWatch each control a key, preventing either company from moving customers’ Bitcoin alone. Lloyd’s of London underwriters cover key loss and unauthorized access involving Bitcoin held in Vault. Customers can add or remove funds without a long-term commitment and set custom identity checks. CoinCorner’s crypto services remain outside FCA regulation and are not protected by the UK’s FSCS. CoinCorner said its new Vault uses multi-signature technology to divide control of customers’ Bitcoin between two companies operating in different jurisdictions. CoinCorner holds one key, while insurance and custody provider AnchorWatch holds the other.
Neither company can independently approve a transfer from the Vault, according to CoinCorner’s support documents. Requiring multiple keys removes the single point of control found in a conventional custodial wallet, where one company can authorize transactions on its own.
Bitcoin held through the service is insured under a policy underwritten through the Lloyd’s of London market. CoinCorner said the cover applies to losses caused by lost keys and unauthorized access, although specific policy conditions and exclusions have not been published on the product page.
Customers can also set their own identity checks, which must be completed before a transaction can proceed. The available controls allow account holders to add verification steps that match their security needs, with CoinCorner’s support team handling the setup.
CoinCorner Vault charges a 1.5% annual fee Vault costs 1.5% per year, with CoinCorner calculating and billing the fee monthly. The company charges customers on the first day of each month based on the amount of Bitcoin recorded in their Vault at that time.
No long-term commitment is required, and users can move Bitcoin into or out of the product. Withdrawals return funds to a customer’s standard CoinCorner Bitcoin balance, which the company describes as an instant process.
Deposits follow a different monthly schedule. According to CoinCorner’s Vault guidance, Bitcoin added after the first day of a calendar month does not enter the recorded Vault balance until the following month. The company says any Bitcoin remaining within Vault after a withdrawal continues to be insured.
CoinCorner also says it does not lend out or otherwise use Bitcoin placed in the service. The product therefore differs from interest-bearing crypto accounts, where a platform may deploy customer assets through loans or other transactions in return for yield.
Vault does not advertise a return on deposited Bitcoin. Customers instead pay for the custody structure, transaction controls, and insurance attached to assets held within the product.
Multi-signature custody splits control between two firms Multi-signature wallets require more than one private key to approve a Bitcoin transaction. Under CoinCorner’s setup, the relevant keys are held by independent entities rather than stored by a single platform.
AnchorWatch provides the second part of that arrangement through Trident, its Bitcoin custody infrastructure. The AnchorWatch platform uses Bitcoin scripts and time locks to apply security, recovery, and governance rules at the protocol level.
Time locks can make an alternative method of moving funds available after a specified period when a key is lost or a participant becomes unavailable. AnchorWatch says the design allows recovery conditions to be built into a vault without giving one party immediate control over the Bitcoin.
The US company is also a Lloyd’s coverholder, which allows it to arrange policies backed by underwriting capacity in the Lloyd’s market. AnchorWatch says its other custody products can obtain as much as $100 million of cover per vault, while institutional customers may seek limits of up to $500 million. CoinCorner has not disclosed the limit attached to its UK Vault product, so figures advertised for AnchorWatch’s other services should not be treated as the coverage available to every CoinCorner customer.
AnchorWatch separately offers a three-institution custody configuration involving AnchorWatch, BitGo, and CoinCorner. Its website describes that product as a two-of-three wallet, meaning two institutions must sign a transaction. CoinCorner’s UK-facing documents describe Vault as a two-entity service in which CoinCorner holds one key and AnchorWatch holds the other.
Insurance does not provide FSCS protection The private insurance attached to Vault is separate from the protection provided through the UK’s Financial Services Compensation Scheme.
CoinCorner states in its legal notice that investments in cryptoassets through its platform are not regulated by the Financial Conduct Authority. Customers also cannot take complaints about the crypto service to the Financial Ombudsman Service, while their Bitcoin is not eligible for FSCS protection.
The distinction matters because private policies cover named events under agreed terms and exclusions. CoinCorner identifies lost keys and unauthorized access as covered events, but its public Vault material does not say that the policy protects customers from a fall in Bitcoin’s price, insolvency, or every possible operational loss.
CoinCorner Ltd is based in the Isle of Man and is registered with the Isle of Man Financial Services Authority under the Designated Business Act 2015. The company is also registered with the Isle of Man Office of Fair Trading as a moneylender.
Its electronic money and payment services have a separate structure. CoinCorner acts as a distributor for Mercury Foreign Exchange Limited, an FCA-authorized electronic money company, but the authorization attached to those payment services does not extend FCA protection to CoinCorner’s cryptoasset products.
Founded in 2014, CoinCorner says it serves more than 350,000 users across 15 markets. The company previously entered the UAE market through a 2022 partnership with Dubai-based Seed Group covering Bitcoin trading, storage and payment services.
UK crypto custody faces new FCA rules in 2027 CoinCorner has introduced Vault as the UK prepares to place crypto custody under a full authorization system.
As crypto.news reported in June, the FCA’s new cryptoasset regime is scheduled to take effect on Oct. 25, 2027. The rules will cover custodians, trading platforms, stablecoin issuers, staking providers and other intermediaries.
Firms seeking to conduct regulated crypto activities will have an application window running from Sept. 30, 2026, through Feb. 28, 2027. Existing registrations under the UK’s anti-money laundering rules will not automatically become authorizations under the new Financial Services and Markets Act framework.
The regulator plans to apply requirements covering custody, capital, operational resilience, disclosures, market conduct and consumer protection. Companies may also need to show that they can withstand market stress and maintain financial resources against risks carried on their balance sheets.
In August, US trading platform Robinhood secured FCA registration under the existing anti-money laundering system before the new framework takes effect. More than 50 companies were listed on the FCA’s cryptoasset register at the time, including Kraken, Ripple, BlackRock and BNY.
For American customers, AnchorWatch advertises a separate multi-institution service using a two-of-three arrangement with CoinCorner and US custodian BitGo. Its website says insurance for that configuration is optional for US users, with indicative pricing beginning at $4,000 for every $1 million of coverage and final premiums subject to underwriting review.
Tether koupil zhruba 70% podíl v Adecoagro za 600 milionů USD a rozšířil tak své rezervy o zemědělskou půdu vedle zlata a Bitcoinu. Firma zároveň plánuje využít obnovitelnou energii z farmy pro těžbu Bitcoinu.
Tether, the issuer of the world’s largest stablecoin, has spent $600 million buying majority control of a South American farming conglomerate, adding land to a reserve strategy that already includes billions in gold and Bitcoin (BTC).
The move follows a clean audit from KPMG, one of the Big Four accounting firms. However, Tether’s own reserve buffer has since fallen 40%, raising questions about its scarce-asset hedges.
Farmland Joins Gold and Bitcoin in the Reserve MixTether acquired roughly 70% of Adecoagro, a Nasdaq-listed agribusiness farming more than 200,000 hectares across Argentina, Brazil, and Uruguay. The deal grew to about $600 million in September 2025, and followed an initial $100 million stake bought in 2024.
Analysts have described the acquisitions as diversification, following the same logic behind Tether’s gold and Bitcoin holdings. Tether itself has called those assets a hedge against dollar debasement and inflation. It also plans to use the farmland’s renewable energy to power Bitcoin mining.
Ardoino describes Tether as “probably the largest owner, land owner in South America,” noting the agribusiness runs hundreds of thousands of sheep and cattle and produces milk and rice. He framed the holding as part of the same logic driving Tether’s gold and Bitcoin positions — a hedge against systemic instability rather than a conventional investment.
“This is when we think about the stability of the world that has to come through real tangible assets,” he said, adding that Tether has to remain “a company that survived to the worst case scenario.”
Tether’s Business Also Include US Treasuries.Meanwhile, Tether remains one of the world’s largest holders of US Treasuries. Its exposure last stood at roughly $141 billion, disclosed in its first-quarter 2026 attestation. That leaves the company betting on scarce, hard assets. Yet it still anchors most of its balance sheet to the very currency it hedges against.
KPMG’s first full audit confirmed reserves exceeded liabilities by $6.8 billion at the end of 2025. Tether CEO Paolo Ardoino called the result a clean audit, the strongest opinion an auditor can issue. However, Tether has not published the underlying audited statements.
Wen Tether audit? nOw.
Today Tether announces its first full financial audit for Tether International, conducted by KPMG U.S. which resulted in an unqualified clean opinion, marking the highest result possible.
An unqualified opinion is the best possible audit opinion an… pic.twitter.com/quav6uUIhy
— Paolo Ardoino 🤖 (@paoloardoino) August 13, 2026
Tether’s own June attestation, a quarterly reserve snapshot reviewed by BDO, put that same buffer at just $4.1 billion. That is a drop of roughly 40% in six months, driven largely by unrealized losses on gold and bitcoin.
Those are the very assets meant to protect Tether’s balance sheet. Farmland adds a further complication, since land cannot be sold quickly if Tether ever needs cash fast.
Whether Tether’s scarce-asset strategy ultimately strengthens its position or adds new risk remains unclear. KPMG’s full report, still unpublished, could settle that question once it reaches the public.
HashKey Cloud se připojil ke Stacks jako spouštěcí partner pro self-custodial Bitcoin staking a zároveň vstoupil do sítě sBTC signerů. Genesis Bond má podle Stacks začít kolem 10. září.
HashKey Cloud said on Sept. 7 that it had joined Stacks as a launch partner for self-custodial Bitcoin staking.
Summary
HashKey Cloud joined Stacks as a Genesis Bond participant and an sBTC signer operator officially. The institutional Genesis Bond is scheduled to launch around September 10, according to Stacks developers. Bonded Bitcoin remains timelocked on Bitcoin while participants pair it with locked STX tokens separately. HashKey Cloud says its staking infrastructure spans more than 40 different blockchain networks globally today. sBTC signers coordinate Bitcoin deposits and withdrawals using a threshold-based approval system collectively onchain today. The agreement gives the infrastructure provider two roles: participating in the inaugural Genesis Bond and joining the signer network securing sBTC.
HashKey Cloud operates under HashKey Holding Limited. Stacks founder Muneeb Ali presented the collaboration during the HashKey Cloud and Cactus Custody “Yield on Trust” event in Hong Kong.
The company says its node and staking infrastructure covers more than 40 blockchain networks. Stacks reported that HashKey Cloud manages about HK$29 billion in staked assets. These figures come from the companies and were not independently audited for the partnership announcement.
HashKey Cloud will participate in the first Genesis Bond HashKey Cloud will join the first institutional cohort using Stacks’ new Protocol Bond system. Stacks said in an official announcement that the Genesis Bond was expected to begin around Sept. 10.
The launch date remains an estimate. Stacks has not announced an exact activation time, final capacity or participant allocations. Technical or operational conditions could also alter the schedule.
The first cohort includes institutional participants such as digital asset manager 21Shares and UTXO Management, a subsidiary of Bitcoin treasury company Nakamoto Inc. The Genesis Bond is intended to demonstrate how institutions can earn BTC-denominated rewards without transferring their Bitcoin to a centralized custodian.
Bitcoin committed to the product remains visible on its base blockchain. The arrangement should allow observers to inspect the relevant timelock transactions without relying exclusively on reports from Stacks or participating institutions.
The phrase “Bitcoin staking” requires context. Bitcoin uses proof-of-work and does not support staking through its native consensus system. The Genesis Bond does not change Bitcoin’s consensus rules.
Stacks instead uses Proof of Transfer, commonly called PoX. Stacks miners commit BTC while competing to produce blocks. The protocol distributes part of that Bitcoin to qualifying participants as rewards.
Bitcoin remains under the holder’s keys Stacks’ PoX-5 design introduces a Protocol Bond that connects two separate commitments. The participant timelocks BTC on Bitcoin’s base layer and locks a corresponding amount of STX on Stacks.
According to the project’s technical documentation, a bond lasts 12 Stacks reward cycles, or approximately six months. The Bitcoin remains in a wallet controlled by the holder’s keys rather than moving to a centralized custodian or wrapped asset.
The participant must also lock STX through a signer-manager contract. The two positions are cryptographically associated and operate together for the bond term.
PoX-5 permits only one active staking position for each Stacks principal. A participant cannot use the same principal for an STX-only position and a Protocol Bond simultaneously. The protocol also prevents one principal from holding two concurrent bonds.
The documentation allows early withdrawal. However, participants leaving before the scheduled end of a term forfeit their remaining rewards for that cycle. Recovering the BTC principal still requires the holder’s signature.
Rewards initially accrue as sBTC. A participant may request native BTC by supplying a Bitcoin payout address, provided the selected signer manager supports base-layer withdrawals.
Native BTC settlement is not available under every configuration. If the withdrawal cannot be processed within the participant’s maximum transaction-fee setting, the payment falls back to sBTC.
As crypto.news reported, Stacks is targeting an annualized Bitcoin yield near 3% during the initial phase. The rate is a protocol target, not a guaranteed return. Actual rewards may vary with miner commitments, available capacity and network conditions.
HashKey Cloud will help secure sBTC transfers HashKey Cloud will also operate as a signer for sBTC, the Bitcoin-backed asset used within the Stacks ecosystem. Stacks previously confirmed that HashKey Cloud, Ankr and The Tie had joined the signer set.
sBTC is designed to represent BTC on Stacks at a one-to-one ratio. Users can deploy it within Stacks applications while the underlying Bitcoin remains governed by the network’s signer system.
Signers collectively authorize deposits and withdrawals between Bitcoin and Stacks. No individual signer can independently move the BTC backing sBTC.
Stacks said the system maintained a 70% approval threshold throughout the latest signer rotation. Operations such as withdrawals require approval representing at least 70% of participating signer weight.
Adding HashKey Cloud brings an Asia-based infrastructure provider into the signer group. Stacks described the expansion as improving institutional access and distributing operating responsibility across additional companies and regions.
Those benefits remain Stacks’ assessment. A larger signer set does not remove every technical or governance risk associated with sBTC.
Users still depend on enough signers remaining available and following the protocol correctly. Software failures, signer outages or coordination problems could delay deposits and withdrawals. Smart-contract faults could also affect services built around sBTC.
Self-custody reduces exposure to a single custodian, but it does not eliminate risks arising from Stacks contracts, wallet software, signer managers or the sBTC system.
Genesis Bond access will remain limited initially Stacks plans to introduce Protocol Bonds in stages. Initial Genesis Bond access focuses on institutions and professional market participants rather than unrestricted retail participation.
The project’s staking guidance says bond capacity will be allocated to approved partners during the bootstrap phase. Some capacity may become available through selected pooling providers.
Wallet compatibility is another requirement. Leather and Xverse support PoX-5 functions, while Ledger users need Stacks application version 0.26.15 or later for transactions carrying the new spending conditions.
Participants must also consider the prepare phase at the end of each reward cycle. During the final 100 Bitcoin blocks, the protocol rejects new staking transactions, position updates and withdrawal requests.
HashKey Cloud has not disclosed how much BTC or STX it plans to commit. The company also has not published participation fees, customer eligibility requirements or a list of supported jurisdictions.
Its announcement cautioned that Bitcoin staking services may be unavailable in some regions because of local laws. HashKey Cloud did not guarantee any investment return.
The Genesis Bond’s expected launch is the next event to watch. Confirmation of the activation time, committed Bitcoin, participating institutions and available capacity would provide the first measurable evidence of demand for the product.
Xverse spustil Bitcoin staking přes sBTC na Stacks 7. září ve své self-custodial peněžence verze 2.9. Uživatelé mohou získávat odměny v BTC s cílem kolem 3 % ročně.
Xverse launched Bitcoin staking through sBTC on Stacks on Sept. 7, making the feature available in version 2.9 of its self-custodial wallet. In its official launch announcement, Xverse said users can put existing bitcoin to work and receive additional bitcoin through the fee-efficient sBTC representation on Stacks.
The product does not lock native BTC directly on the Bitcoin base layer. Xverse’s technical overview says participants use sBTC, which is backed one-for-one by bitcoin held through the Stacks signer system, and pair it with STX. That structure introduces different risks from simply holding BTC in a wallet.
Staking pairs sBTC with a smaller STX position A position combines sBTC with STX worth roughly 5% of the deposited sBTC, according to Xverse. The STX is neither a fee nor collateral; it establishes eligibility and links the position to a Stacks identity. The bitcoin-denominated rewards accrue to the sBTC side rather than the STX balance.
Xverse said users can obtain an STX shortfall inside the staking flow. Each participant receives one position per bond and may add sBTC or STX before the bond begins. Once it is active, the position remains fixed unless the user withdraws the sBTC or waits for maturity.
Rewards target about 3% but can vary The protocol targets an annual percentage yield of roughly 3%, with distributions arriving in sBTC about once every two weeks. The realized return depends on the bitcoin committed by Stacks miners and the amount deposited alongside it, so the target is not a guaranteed rate.
Each bond runs for six months. Before registration, users can withdraw both assets. After a bond starts, sBTC can be removed early, but the paired STX remains locked until maturity. Xverse also warns that the staking contracts are new and that sBTC depends on its signer set and continued peg to bitcoin.
The launch opens retail access to the Genesis Bond Xverse’s rollout gives wallet users pooled access to the Stacks Genesis Bond without meeting a large standalone minimum. BlockchainReporter previously reported that 21Shares joined the same Bitcoin staking program as an institutional participant. The two developments involve different access channels: 21Shares supplied capital to the bond, while Xverse now offers a wallet interface for individual positions.
The Genesis Bond is scheduled to begin near Bitcoin block 966,350, which Xverse estimated around Sept. 10 in Stacks reward cycle 143. The precise timing remains block-dependent. Later bonds are expected to open roughly monthly, but available capacity and deposit windows may close before a scheduled start.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
Stacks chce spustit samoobslužný Bitcoin staking s cílovým výnosem asi 3 % ročně v BTC. Projekt má z BTC udělat produktivní kapitál pro lending, trading a další onchain finance.
Bitcoin has become one of the world’s largest pools of digital capital, yet only a small fraction participates in onchain financial activity.
Summary
Stacks plans to use self-custodial Bitcoin Staking as an entry point for BTC holders, targeting roughly 3% annualized rewards paid in Bitcoin. Its roadmap moves from attracting Bitcoin capital to scaling network infrastructure and expanding into lending, trading, perpetual markets and programmable BTC. StackingDAO, Bitflow, Zest Protocol and Hermetica are developing liquid staking, trading, credit and yield products that could give staked and Bitcoin-linked capital more uses across the ecosystem. Other crypto ecosystems built large economies around staking, lending and decentralized trading. Bitcoin, by comparison, still lacks a universally accepted home where holders can put BTC to work without taking on custody, bridge or foreign-chain risks.
That is the problem Bitcoin-native finance is trying to solve.
The term describes a financial system built around Bitcoin as the productive asset, with services such as staking, lending, borrowing and trading anchored to Bitcoin rather than requiring holders to move their wealth into another blockchain economy. Stacks is pursuing that model through a 2026 roadmap built around three connected stages: attract Bitcoin capital with self-custodial yield, scale the infrastructure needed to support greater activity, then expand the financial applications available to that capital.
The official roadmap is currently presented as a 2026 plan rather than a formal roadmap extending through 2030. Its direction, however, describes a longer-term effort to build lending, trading, programmable capital and other financial services around Bitcoin. The central question for the coming years is whether Stacks can turn that roadmap into the ecosystem where BTC holders move from passive ownership to active financial use.
Bitcoin Staking could become the entry point for idle BTC Many Bitcoin projects have tried to make BTC productive, but each approach introduces different trade-offs.
Core already offers self-custodial Bitcoin staking using Bitcoin’s CheckLockTimeVerify timelocks, but rewards are paid in CORE. Babylon also keeps staked BTC native to Bitcoin, but its security model includes slashing, meaning delegated BTC can face penalties if protocol security conditions are violated.
Stacks is proposing a different combination. Under its Bitcoin Staking design, participants create a protocol bond by locking BTC on Bitcoin Layer 1 and pairing it with STX worth approximately 5% of the BTC position. The BTC remains under the participant’s keys, while the paired STX secures access to staking capacity. The current target yield is approximately 3% annualized and paid in Bitcoin.
The source of that yield is Proof of Transfer, or PoX, the consensus mechanism Stacks has operated since January 2021. Stacks miners commit BTC as they compete to produce blocks and receive STX rewards. The BTC committed by miners then flows to eligible participants. Stacks says the mechanism has distributed more than 4,200 BTC since launch.
That gives the planned product an economic structure different from staking systems funded entirely through new token issuance. The reward pool comes from BTC spent by miners as part of Stacks block production rather than from creating a new reward token or lending participants’ Bitcoin to borrowers.
The product is not yet established at scale. As of July 16, 2026, PoX-5 was operating on a private testnet with integration partners testing bonding, reward distribution and exits ahead of a public testnet and potential mainnet activation. Mainnet still depends on the Stacks governance process and successful testing.
That distinction matters. Bitcoin Staking could become the top of the Stacks capital funnel, but the thesis remains dependent on execution.
The roadmap moves from capital to infrastructure and finance Attracting BTC is only the first step. A Bitcoin-native financial system also needs enough performance, liquidity and application depth to give holders reasons to keep using their capital after earning an initial yield.
The Stacks roadmap organizes that process into three phases. Bitcoin Staking anchors capital. Infrastructure improvements prepare the network for greater DeFi and automated activity. The final phase expands Bitcoin-native finance across lending, trading and programmable capital. The workstreams are progressing concurrently rather than waiting for each previous phase to finish.
On performance, Stacks core developers are targeting a 100-fold improvement in throughput through efforts including Clarity Wasm. The roadmap also calls for continued core improvements and optimization of the sBTC bridge. Stacks has separately set a goal of supporting up to 10,000 active AI agents as programmable financial activity grows.
The longer-term financial layer includes self-custodial Bitcoin lending, trading, perpetual markets and programmable BTC that software agents can use. The roadmap also explores allowing sBTC to pay transaction fees, which could reduce the need for users or automated agents to acquire a separate gas asset before interacting with applications.
For institutions and large Bitcoin holders, that combination matters because yield alone may not justify moving substantial capital into a new financial environment.
StackingDAO, Bitflow, Zest and Hermetica build the next layer The wider Stacks ecosystem is already assembling several of the financial primitives needed to move BTC beyond a single staking product.
StackingDAO provides the liquid staking layer. It currently operates liquid Stacking products for STX and has outlined plans for a Bitcoin liquid staking token as Bitcoin Staking develops. A BTC liquid staking token, or BTC LST, would represent an underlying yield-producing Bitcoin position while remaining usable elsewhere in DeFi.
The role is comparable in structure to the function liquid staking tokens serve in Ethereum’s DeFi economy. Without a liquid representation, staked capital remains harder to use elsewhere. With one, the same economic position can potentially provide liquidity, serve as collateral or participate in additional financial strategies.
Bitflow supplies another necessary piece: markets where Bitcoin-linked assets can trade and find liquidity.
The protocol operates a decentralized exchange and aggregator on Stacks and has introduced HODLMM, a concentrated-liquidity engine designed for more capital-efficient markets. A future BTC LST would need liquid trading venues to maintain an effective market and provide holders with practical entry and exit routes.
Zest Protocol adds credit markets. Its existing Stacks market allows users to lend Bitcoin-linked assets and borrow against collateral, while its planned Bitcoin Collateral Vaults aim to let users borrow stablecoins against BTC without moving their Bitcoin off Layer 1. Zest says those vaults are scheduled to launch in 2026 and are designed around self-custodial Bitcoin collateral rather than a conventional wrapped-BTC structure.
Hermetica provides yield products and a Bitcoin-linked monetary layer through hBTC and USDh. The hBTC vault deploys BTC exposure into onchain strategies including lending, staking and basis strategies, with realized profits accounted for in Bitcoin terms. Hermetica describes the product as redeemable for native BTC, while its current documentation shows that withdrawals remain subject to protocol cooldowns and Bitcoin settlement times.
Its USDh product provides a Bitcoin-backed synthetic dollar that can serve as a stable asset within the same financial environment. Hermetica’s hBTC documentation describes a strategy that can use BTC-linked collateral in lending markets and deploy borrowed stablecoins into additional yield opportunities, connecting Bitcoin collateral, credit and stable liquidity within one system.
Together, these protocols illustrate what comes after Bitcoin Staking.
From Bitcoin yield to a Bitcoin-native financial economy Ethereum and Solana showed how staking can become more than a standalone yield product. Once users begin earning on an asset, demand can develop for liquid staking, collateral markets, decentralized exchanges and structured strategies that make the staked capital more useful.
Stacks is attempting to build a similar progression around Bitcoin without simply copying another chain’s security and custody model.
Its strategy starts with a product designed to keep BTC on Bitcoin L1 while generating BTC-denominated rewards. The roadmap then connects that capital to faster infrastructure and an ecosystem spanning liquid staking, trading, credit and yield products.
Bitcoin-native finance will not be defined by one staking product. It will be defined by whether Bitcoin can function as productive capital across staking, lending, liquidity and programmable applications without forcing holders to abandon the properties that made them choose Bitcoin in the first place.
Stacks is building toward that outcome. Bitcoin Staking is intended to open the door. The ecosystem developing behind it will determine how far the capital travels once it enters.
FAQ How is Stacks Bitcoin Staking different from other self-custodial options? Stacks’ proposed design combines three features: rewards denominated in BTC, no protocol-level slashing of Bitcoin principal and an early exit mechanism that returns BTC while forfeiting remaining rewards. Core also offers self-custodial staking but pays rewards in CORE, while Babylon’s security model includes BTC slashing. Stacks Bitcoin Staking remains in testing and has not yet established a mainnet operating record.
What is Bitcoin-native finance? Bitcoin-native finance is a financial ecosystem where Bitcoin serves as the productive asset across activities such as staking, lending, borrowing, trading and structured strategies, with infrastructure anchored to Bitcoin rather than requiring holders to move entirely into another blockchain economy.
How does Bitcoin Staking on Stacks work? The current design requires participants to lock BTC on Bitcoin L1 and pair it with STX worth approximately 5% of the BTC position. The two assets form a protocol bond. BTC committed by Stacks miners through Proof of Transfer funds Bitcoin-denominated rewards, with a current target of approximately 3% annualized yield during the planned bootstrap phase.
What is a Bitcoin liquid staking token? A Bitcoin liquid staking token represents an underlying staked or yield-producing BTC position while remaining transferable and potentially usable in DeFi. It can allow holders to maintain exposure to staking rewards while using the liquid token for trading, liquidity or collateral. StackingDAO has outlined plans to develop a BTC LST as Bitcoin Staking on Stacks develops.
Akcie Metaplanet po reakci generálního ředitele na kritiku ředění klesly o 7,5 % na 271 jenů. Firma čelí otázkám kvůli opčnímu poolu, který narostl z 46 milionů na 319,46 milionu akcií.
When the CEO of a Bitcoin treasury company finally speaks up about governance concerns, you’d expect the stock to stabilize. Metaplanet’s shares had a different idea, falling roughly 7.5% to close at 271 yen on September 7, the trading session after CEO Simon Gerovich posted his response to shareholder criticism.
The Tokyo-listed firm, which adopted a Bitcoin-centric treasury strategy in 2024, is facing pointed questions about an executive stock option pool that ballooned nearly sevenfold. Gerovich’s attempt to reassure investors appears to have had the opposite effect.
The option pool problem At the center of the controversy is Metaplanet’s Series 10 executive option pool. Originally sized at approximately 46 million shares, the pool swelled to 319.46 million shares thanks to a floating allocation formula tied to the company’s fully diluted share count.
On August 18, the company moved to cap the pool at 319.46 million shares, freezing it at its already-expanded size. A five-year lock-up was also instituted, meaning those options can’t be touched until August 17, 2031.
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Just ten days after the cap was announced, Gerovich exercised 92,000 units on August 28, converting them into 64,032,000 common shares. That brought his total holdings to 79,587,500 shares.
Gerovich’s response and the MMXX question On September 6, Gerovich took to X to address the growing chorus of shareholder discontent. He acknowledged that the company needed to communicate more effectively on governance matters and outlined plans for future remuneration policy transparency.
He also clarified his relationship with MMXX Ventures Limited, a firm established in 2022 that holds approximately 42,474,750 shares of Metaplanet, representing about 3.26% of the company. Gerovich stated that while he has an association with MMXX Ventures, he does not hold any operational role there.
The broader Bitcoin treasury dilemma Metaplanet’s governance turbulence isn’t happening in a vacuum. The company is one of several publicly traded firms that have tied their corporate identity to Bitcoin holdings, following the playbook popularized by MicroStrategy’s Michael Saylor. The basic pitch: hold Bitcoin on the balance sheet, use equity markets to fund purchases, and let the company’s stock serve as a leveraged proxy for Bitcoin exposure.
Repeated equity issuances to fund Bitcoin purchases dilute existing shareholders. Executive option pools that expand automatically with each issuance compound that dilution.
The floating mechanism that allowed the Series 10 pool to expand from 46 million to 319.46 million shares was embedded in the option structure since 2023. That it was only capped in August 2026, after it had already grown nearly seven times over, raises fair questions about whether the board’s oversight kept pace with the strategy’s execution.
Capping the pool and imposing a five-year lock-up are concrete steps. But they also crystallize a new reality: 319.46 million shares are now earmarked for executive compensation, locked until 2031.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tether podle CEO Paola Ardoina dál rozšiřuje dolarovou síť a zisk financuje nákupy Bitcoinu i zlata. Firma od května 2023 alokuje až 15 % realizovaného provozního zisku do BTC.
Tether isn’t just printing digital dollars anymore. CEO Paolo Ardoino has laid out a vision that positions the stablecoin giant as something closer to a sovereign wealth fund, one that distributes dollars globally while quietly amassing enormous reserves of Bitcoin and physical gold.
Tether has been buying between 1 and 2 tons of gold every single week. Let that accumulate over months, and you get approximately 140 tons of gold valued at roughly $23-24B.
Ardoino has indicated the company targets gold at approximately 10-15% of its investment portfolio. The purchases are funded not by minting more USDT, but by profits from Tether’s core operations. Tether earned an estimated $10-13.7B across 2024 and 2025, with expectations for 2026 running even higher. When your stablecoin has $186B in market circulation and you’re earning yield on the reserves backing it, the cash flow becomes almost absurdly large.
The company has also reportedly been hiring ex-HSBC traders and expanding into gold trading operations.
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Tether has been allocating up to 15% of its realized operating profits to Bitcoin since May 2023, building a position that now sits somewhere in the range of 83,000 to 100,000 BTC. At current prices, that Bitcoin treasury is worth north of $8B. Ardoino has described Bitcoin as a “digital inflation hedge” and, in more colorful terms, a crucial defense against what he called an “apocalyptic future.”
The Bitcoin allocation targets roughly 10% of the overall investment portfolio, mirroring the gold strategy. Together, these two hard-asset positions represent about 20-25% of Tether’s total reserves, with US Treasuries and cash equivalents making up the bulk of the company’s backing.
With approximately $186B in circulation, Tether’s stablecoin dwarfs every competitor and serves as the de facto digital dollar for emerging markets worldwide. In parts of Latin America, Africa, and Southeast Asia, USDT functions as a savings vehicle and payments rail in ways that traditional banking simply doesn’t reach.
Tether earns yield on the Treasury bonds and other instruments backing USDT, while users get the dollar exposure they want. USDT holders don’t earn interest, making the spread between what Tether earns on reserves and what it pays out the core business model.
The company has also launched Tether Gold (XAUT), a tokenized gold product that has been gaining traction. If Tether’s physical gold holdings continue to grow at the current pace, XAUT could allow the company to monetize its gold reserves twice: once through appreciation and once through tokenization fees.
Tether’s Bitcoin purchases represent a steady, programmatic source of buying pressure. A company allocating 15% of multi-billion-dollar annual profits to BTC on an ongoing basis creates a persistent bid in the market. Hiring traders from major banks and building physical commodity positions gives Tether credibility with institutional players who might otherwise dismiss a stablecoin company as a purely crypto phenomenon.
A company holding $186B in stablecoin liabilities, 140 tons of gold, and nearly 100,000 Bitcoin has become systemically relevant. Any shock to Tether’s operations, whether regulatory, operational, or reputational, would now send ripples through multiple asset classes simultaneously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Capital B SA dokončila navýšení kapitálu o 25,3 milionu EUR a z výnosu koupila 376 Bitcoinů za průměrných 67 287 EUR za kus. Firemní treasury tak přesáhla 1 800 BTC.
Capital B SA has completed a €25.3 million capital increase and used the proceeds to buy 376 Bitcoin, adding another European name to the corporate BTC treasury trend.
The company acquired the Bitcoin at an average price of €67,287 per coin, bringing its total treasury reserve to more than 1,800 BTC. That puts Capital B firmly into the category of public-market companies using Bitcoin as a central balance-sheet asset.
It is not MicroStrategy. It is not Metaplanet. And it should not be confused with either.
But the strategy is familiar: raise capital, buy Bitcoin, and make BTC a core part of the company’s identity.
For more details, visit the official Actusnews platform.
TL;DR Capital B SA raised €25.3 million. The company used the proceeds to acquire 376 BTC. Its corporate treasury now holds more than 1,800 BTC. Europe Gets Another Bitcoin Treasury Story The corporate Bitcoin treasury trade has spread well beyond the United States.
Companies in different markets have begun using BTC as a reserve asset, a capital-markets strategy, or a way to reposition themselves around digital assets. Capital B’s latest purchase shows that the model still has traction in Europe.
The numbers are clear.
A €25.3 million raise funded a 376 BTC acquisition at an average price of €67,287. That gives investors a concrete way to measure the company’s Bitcoin exposure rather than relying on vague treasury language.
Why The Purchase Matters Corporate Bitcoin purchases matter because they turn BTC into a balance-sheet strategy.
For some companies, Bitcoin is a reserve asset. For others, it is a market identity. In both cases, the strategy changes how investors value the company.
A business holding more than 1,800 BTC is no longer assessed only on its operating performance. Its equity may also trade partly as a Bitcoin proxy.
That can attract investors during bullish markets.
It can also add pressure when Bitcoin falls.
Capital Raises And Bitcoin Buying Go Together The funding route matters.
Capital B did not only disclose a Bitcoin purchase. It completed a capital increase and then deployed proceeds into BTC. That makes the transaction part of a capital markets strategy, not just a treasury reallocation from spare cash.
Investors will watch whether this model continues.
If companies can raise capital and buy Bitcoin at terms shareholders accept, treasury balances can grow quickly. But dilution, market conditions, and BTC price all affect whether the strategy remains attractive.
Do Not Flatten Every Treasury Company Into One Story It is tempting to compare every corporate Bitcoin buyer with the biggest names in the sector.
That can be useful, but it can also be lazy. Capital B has its own jurisdiction, shareholder base, reporting obligations, financing structure, and treasury size. It should be treated on its own terms.
The common thread is Bitcoin.
The differences are in execution.
That is where investors need to pay attention.
The Market Signal Capital B’s purchase is another sign that corporate Bitcoin accumulation remains active.
A 376 BTC purchase may not be huge compared with the largest treasury holders, but it is meaningful for a European company building a Bitcoin reserve. The total balance above 1,800 BTC gives the strategy weight.
The next question is whether Capital B continues raising and buying.
For now, the company has added fresh BTC to its balance sheet and given the European market another corporate treasury data point to track.
This article draws on Capital B SA’s September 7 regulatory release relating to its capital increase and Bitcoin acquisition.
This article was written by the News Desk and edited by Samuel Rae.
Singapurec Malone Lam, 22letý občan Singapuru, se přiznal v kauze krádeže více než 4 100 bitcoinů v hodnotě přes 240 milionů USD. Podvodníci se vydávali za Google a Gemini.
The oldest trick in the con artist’s handbook, updated for the crypto age: call someone pretending to be from a trusted institution, create enough panic, and walk away with their life savings. In this case, the life savings happened to be more than 4,100 Bitcoin, worth over $240 million at the time of the theft.
Malone Lam, a 22-year-old Singaporean national, is scheduled to appear in a U.S. federal court on September 9, 2026, to enter a guilty plea linked to one of the largest Bitcoin thefts ever prosecuted on American soil.
How the scheme worked Lam and his associates allegedly impersonated representatives from both Google and the Gemini crypto exchange, contacting a wealthy investor based in Washington, D.C.
The goal was straightforward, even if the execution was elaborate: convince the target that his accounts were compromised, then talk him into handing over security codes and access credentials. Once inside, the group transferred his Bitcoin holdings out of his control entirely.
The theft occurred in August 2024, though the broader criminal operation had been running since approximately October 2023. By the time authorities dismantled it, the group had been linked to thefts totaling more than $263 million across multiple incidents stretching through March 2025.
The FBI arrested Lam in September 2024 at a mansion in Miami, a detail that says everything about how the stolen funds were being spent. Prosecutors allege the group converted Bitcoin into cash and then burned through it: dozens of sports cars, private jets, and a single nightclub visit in Los Angeles that reportedly ran to over $569,000.
A landmark prosecution This case carries legal significance that extends well beyond the dollar amount. It marks the first time a Bitcoin-related prosecution has been brought under the Racketeer Influenced and Corrupt Organizations Act, better known as RICO, a statute historically associated with organized crime syndicates rather than crypto theft rings.
Eighteen people have been indicted in connection with the scheme. Ten have already pleaded guilty ahead of Lam’s scheduled hearing, suggesting prosecutors have built a durable case from the inside out. Lam himself faces a minimum sentencing guideline of 14 years in prison if the plea proceeds as expected.
The operation also had a physical dimension that investigators found notable. The group reportedly conducted home burglaries specifically to steal hardware wallets, the small USB-like devices that store crypto private keys offline.
What this means for crypto security Exchanges invest heavily in technical infrastructure, multi-factor authentication, and blockchain-level security. None of that matters if an attacker can simply call your customer and impersonate your support team.
Gemini’s brand was used as a prop in this scheme, though the exchange itself was not compromised at the infrastructure level.
For individual holders of significant crypto assets, the case reinforces several uncomfortable realities. Legitimate exchanges and platforms do not initiate unsolicited calls asking for security codes. Any unexpected contact claiming to be from a financial institution or exchange, requesting credentials or urgent account action, should be treated as a red flag regardless of how official it sounds.
Ten guilty pleas already secured, a lead defendant scheduled to follow, and a case that federal prosecutors are framing as organized crime rather than opportunistic fraud.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Zcash ETF od Grayscale přilákal do 4. září čistý příliv 34,4 milionu USD, zatímco ZEC vzrostl nad 1 000 USD. Zájem podpořil i růst hash rate nad 30 GSol/s.
While the broader cryptocurrency market has shown signs of recovery this month, privacy-focused coins have staged a distinct rally, setting themselves apart from Bitcoin and most major tokens. Bitcoin remains approximately 36% below its October high, failing to reclaim previous peak levels seen by much of the market last year.
Zcash sees robust inflows and institutional interestA significant share of the latest surge in privacy coins is attributed to Zcash, a cryptocurrency that emphasizes user privacy and zero-knowledge cryptography. New institutional products have amplified the move: Grayscale’s Zcash ETF, which began trading on August 25, brought net inflows of $34.4 million by September 4, during which time the ZEC token rose above $1,000.
Zcash’s network computing power, also referred to as its hash rate, increased from about 25 GigaSolutions per second in late August to over 30 GigaSolutions per second, signaling greater mining activity and network security.
Coinpaper, a crypto industry research outlet, highlighted that futures open interest for Zcash has climbed to about $2.3 billion, increasing the token’s exposure to leveraged trading and potentially contributing to price volatility.
Despite Zcash’s outperformance, removing it from recent calculations does not invalidate Glassnode’s overarching market analysis. The consultancy attributes the current market pattern to a wider trend across the privacy coin sector.
Recent institutional demand fueled net inflows of $34.4 million into the Zcash ETF, as ZEC climbed above $1,000 and hash rate expanded beyond 30 GSol/s.
Mini dictionary: Grayscale, a leading digital asset investment company, offers cryptocurrency investment trusts and exchange-traded products. Its Zcash ETF allows institutional investors to gain exposure to ZEC without directly holding the coin.
Other privacy coins post strong gainsThe recent upswing is not confined to Zcash. Monero, another privacy-focused cryptocurrency known by its ticker XMR, doubled in value over the course of the year. DASH and ZEN, both emphasizing private transactions, have also outperformed Bitcoin over the past 90 days. Earlier in 2026, Dash recorded a 71% gain, a move accompanied by notable advances in DCR and ZEN. Monero further broke out of a multi-year trading range, with XMR surpassing the $600 mark.
CoinKey Event or Price90-Day Performance vs. BTCZcash (ZEC)ZEC > $1,000, ETF inflowOutperformedMonero (XMR)XMR > $600, doubled in a yearOutperformedDash (DASH)Rose 71% in 2026OutperformedHorizen (ZEN)Beaten BTC in 90 daysOutperformedAnalysis from Glassnode, an on-chain data and analytics provider, estimates that the total market value in the sector now stands at $33.6 billion, an increase of $26.5 billion. Notably, nearly half of this growth occurred in just the last 30 days, signaling sharply rising interest and capital inflows into privacy coins.
In the most recent broad crypto rally, privacy coins led gains, with a sharp expansion in their market capitalization and outperformance versus Bitcoin.
Broader market context and long-term perspectiveDespite the buzz around privacy coins, the overall crypto market remains mixed. Over the past month, 91.5% of the top 200 digital assets posted gains, reflecting a widespread short-term recovery.
However, positive momentum does not extend over longer timeframes. Only 25 of the top 200 assets currently show gains over the past year, underscoring the generally narrow breadth of the market when viewed beyond short-term rallies.
Among the 25 largest digital assets, just four—ZEC, HYPE, XMR and WBT—are priced above their October 6 levels.
@PancakeSwap has crossed the 200 million user mark, a milestone that underscores its standing as the dominant decentralized liquidity venue heading into the second half of 2026.
A Platform Built on Sustained Growth The milestone did not arrive suddenly. That foundation has since expanded:
While the multi-chain footprint has broadened its reach, BNB Chain remains the engine of the platform, accounting for the deepest liquidity and the highest transaction counts.
On the tokenomics side,
Expanding Into Tokenized Assets Beyond spot trading in $BTC and memecoins, PancakeSwap has moved aggressively into tokenized real-world assets (RWAs).
The tokenized asset push was largely triggered by a partnership with Ondo Finance. The appeal is practical:
With 200 million users now on board and a growing suite of products spanning crypto-native tokens, memecoins, and tokenized equities, @PancakeSwap appears well-positioned to remain the primary decentralized exchange for retail participants through the current market cycle.
Sources:
PancakeSwap: 5 Years of PancakeSwap (Official Blog)
Crypto Briefing: PancakeSwap hits $1B in tokenized asset volume
Crypto Briefing: PancakeSwap v3 hosts $3B in spot DEX volume for tokenized stocks
Útočník spojený s exploitací Coldcard přesunul během pěti dnů asi 97,09 BTC, tedy zhruba 45 % ukradených prostředků, přes THORChain a CoinJoin. Galaxy uvedla, že jde o zpeněžení části kořisti.
The hacker behind the third wave of Coldcard hardware wallet exploits has started cashing out, routing approximately 97.09 BTC, worth about $7.8 million, through cross-chain swaps and mixing services over a five-day window. Galaxy Research flagged the movement on September 7, noting it represents roughly 45% of the Wave 3 stolen funds.
The funds first hit THORChain on September 2, where they were swapped into Ether. By September 5 and 6, additional portions had been run through CoinJoin transactions, a Bitcoin privacy technique that bundles multiple users’ transactions together to obscure the trail. The attacker appears to be working through the largest vaults first, a prioritization strategy that suggests deliberate planning rather than panicked liquidation.
A firmware flaw five years in the making A firmware update shipped by Coinkite in March 2021 (version 4.0.1 onward) introduced a bug that caused Coldcard devices, primarily the Mk3 and later models, to default to a software-based pseudo-random number generator when creating wallet seeds. The hardware random number generator was effectively bypassed.
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The result: seeds generated with only 40 to 72 bits of effective entropy. For context, modern cryptographic standards typically call for 128 to 256 bits. Skilled attackers could reconstruct private keys entirely offline through brute-force computation.
Coinkite eventually patched the firmware, but any wallet seed generated during the vulnerable window remains compromised regardless of whether the device itself has been updated. The company has urged affected users to generate entirely new seeds and migrate their funds.
The full scope: 1,789 BTC across 8,865 addresses Galaxy Research, led by analyst Alex Thorn, has been tracking the Coldcard exploit chain since the attacks began on July 30, 2026. Total confirmed losses stand at approximately 1,789 BTC, valued at around $114.7 million at the time of theft. More than 8,865 addresses have been affected, with the median victim losing more than 1 BTC. An additional cluster of 58 addresses has been identified that could push total losses to roughly 1,806 BTC.
The attacks came in waves. The first wave alone extracted 1,082.65 BTC in just 41 minutes, a staggering pace that points to automated scripts scanning the blockchain for weak keys. Galaxy’s research suggests at least 15 different attackers were involved across the waves, which ran from July 30 through August 6. Activity dropped sharply after that.
Of the total haul, 82% of stolen Bitcoin remains sitting in attacker-controlled wallets. Only 18% has shown movement consistent with laundering. Galaxy’s team has engaged directly with over 190 victims and shared identified attacker addresses with law enforcement agencies and industry partners.
THORChain’s uncomfortable spotlight The attacker’s choice of THORChain as a laundering vehicle is notable but not surprising. The decentralized cross-chain liquidity protocol enables swaps between native assets on different blockchains without requiring a centralized intermediary. THORChain’s permissionless architecture means it can’t freeze or reverse transactions the way a centralized exchange can.
The subsequent use of CoinJoin adds another layer of obfuscation. By mixing the converted funds with legitimate Bitcoin transactions, the attacker makes chain analysis significantly harder, though not impossible. Firms like Chainalysis and Elliptic have developed increasingly sophisticated tools for de-mixing CoinJoin outputs, and law enforcement has successfully traced CoinJoin-laundered funds in prior cases.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
7 September 2026 | 11:13 U.S. inflation is the main market-wide risk this week, while policy decisions, security updates, network upgrades and migration deadlines could move several individual tokens.
Date Catalyst Main exposure September 10–11 U.S. PPI and CPI Bitcoin, altcoins, yields and the dollar September 10 ECB policy decision European markets and global risk appetite No fixed date Liquid incident resolution L-BTC, Liquid services and bridge confidence September 10–11 MultiversX and XRPL upgrades EGLD, XRP and network applications September 10 Harmony migration deadline ONE holders, applications and liquidity providers 1. U.S. inflation could move the entire crypto market The Bureau of Labor Statistics calendar places the August Producer Price Index release on September 10 and the Consumer Price Index on September 11. Both reports are scheduled for 8:30 a.m. ET.
PPI measures prices received by domestic producers, while CPI tracks prices paid by consumers. CPI normally has the stronger immediate influence on Federal Reserve expectations, but an unexpected PPI result could begin changing market positioning one day earlier.
The releases arrive shortly before the Federal Reserve’s September 15-16 meeting. Because the figures could alter expectations for that decision, Bitcoin’s historical reactions to Federal Reserve rate increases provide useful context for the connection between monetary policy and crypto prices.
Hotter inflation could push Treasury yields and the dollar higher if traders reduce expectations for monetary easing. Higher yields increase the return available from lower-risk assets, while a stronger dollar can tighten financial conditions for assets priced in the U.S. currency. Both developments can pressure Bitcoin and altcoins.
Softer inflation could lower yields and weaken the dollar, creating a more favorable environment for risk assets. The initial move may still prove temporary if the data do not materially change the expected path of interest rates.
That happened after the May 2024 CPI report was released on June 12. Bitcoin initially surged above $69,000 after inflation came in below expectations, but part of the advance faded as traders considered the Federal Reserve’s cautious outlook.
After this week’s releases, traders can distinguish a broader macro move by checking whether Bitcoin, two-year Treasury yields and the dollar move in consistent directions. Softer inflation accompanied by falling yields, a weaker dollar and gains across altcoins would provide stronger confirmation than an isolated Bitcoin spike.
2. The ECB decision could send conflicting signals The European Central Bank’s monetary-policy meeting concludes on September 10. The decision is due at 12:15 UTC, or 2:15 p.m. in Frankfurt, followed by a press conference.
The ECB does not usually influence crypto as directly as the Federal Reserve, but its decisions can move European bond yields, the euro and expectations for global liquidity.
A restrictive decision or unexpectedly hawkish guidance could lift regional yields and weigh on risk appetite. A dovish decision could support European assets through lower borrowing costs, but it could also weaken the euro and strengthen the dollar. Those opposing effects make the market’s response more informative than the rate decision alone.
The ECB raised its three key rates by 25 basis points in June, confirming that renewed inflation pressure can still produce a restrictive policy surprise. That decision provides policy context rather than proof that Bitcoin will respond in a particular direction this week.
Traders should compare the ECB statement with movements in EUR/USD, European yields and the dollar index. A Bitcoin move that occurs without corresponding changes in those markets would be more likely to have a crypto-specific cause.
3. Liquid’s repayment now requires on-chain proof The Liquid Network incident has no scheduled resolution, but a return of funds, publication of a technical postmortem or restoration of normal network activity could become a significant development during the week.
Liquid said approximately 4,000 BTC, valued near $320 million at the time, left its federation wallet. It also said the SideSwap Peg-Out Authorization Key and the federation’s other keys had not been compromised.
SideSwap said the L-BTC submitted through its service had been created through an Elements software vulnerability before the related peg-outs were processed. No complete public postmortem had independently established the full mechanism at the time of writing.
The unidentified parties controlling the Bitcoin claimed in on-chain messages to be white hats. They said they would return most of the funds after the vulnerability was patched, but that promise had not been completed or independently verified.
The distinction between a stolen key and a software failure matters. A compromised private key would mean an attacker obtained direct control over protected funds. A validation failure could allow an unauthorized state change even when the relevant keys continue functioning as designed.
A detailed examination of how 4,000 BTC left Liquid without a reported key compromise explains the known transaction sequence and the questions that remain unanswered.
The broader Bitcoin market would face greater risk if the funds began moving toward exchanges or services commonly used for liquidation. Without such movement, the immediate consequences remain more concentrated in L-BTC, Liquid-based services and confidence in federated bridges.
The 2022 Ronin bridge exploit provides a relevant comparison. RON fell about 20% after the breach was disclosed, while the most direct disruption remained within Ronin and its connected applications. Security incidents generally become market-wide risks only when losses, forced selling or technical concerns spread beyond the affected system.
For Liquid, the useful evidence would be confirmed repayment transactions, a reconciled reserve balance, publication of the vulnerability fix and the restoration of network and exchange services.
4. MultiversX and XRP Ledger face execution tests Two protocol changes are expected during the week, placing the immediate focus on whether both networks complete their upgrades without disruption.
MultiversX has scheduled its Supernova mainnet activation for September 10 at epoch 2233. The upgrade is designed to reduce block times from approximately six seconds to 600 milliseconds by separating consensus from execution.
If the activation succeeds, faster confirmation could make the network more suitable for applications requiring frequent or time-sensitive transactions. Its longer-term value to EGLD will depend on whether developers and users take advantage of that additional capacity.
The XRP Ledger could activate its fixCleanup3_3_0 amendment around September 11. The projected date remains conditional on validator support staying above the required threshold.
Under the XRPL amendment process, a proposal must retain supermajority support for two weeks before activation. The current voting position and projected date can be followed through the XRPScan amendment tracker.
The bundled fixes affect features including vaults, lending, automated market makers, permissioned trading infrastructure, checks and pseudo-accounts. It is primarily a maintenance amendment rather than a new source of XRP demand.
Ethereum’s 2022 Merge shows why technical execution and price performance must be judged separately. The network completed its transition to proof of stake, but ETH initially rose by around 2% before falling about 6% below its price at the time of the upgrade, according to Coinbase Institutional. Wider market conditions and existing trader positioning outweighed the successful deployment.
For both MultiversX and XRPL, activation is the first test. A lasting token-price effect would require the technical changes to produce greater usage, liquidity, transaction activity or fee generation.
5. Harmony users face an asset-access deadline Harmony has proposed retiring its mainnet and migrating ONE to Ethereum while redirecting the project toward AI-powered video infrastructure.
The proposals are nonbinding and may be revised. Their immediate importance comes from Harmony’s instruction for users to exit smart contracts before September 10 because multisignature wallets, liquidity pools and on-chain applications cannot be transferred automatically.
The proposal says its final-state calculation would cover wallet balances, staking delegations, validator rewards and ONE reported by centralized exchanges. Users should nevertheless verify how their wallet, exchange or application plans to handle the migration rather than assume every balance will receive identical treatment.
Liquidity providers may need to unwind positions, while application teams must determine whether balances and services can be moved safely. These actions could reduce on-chain liquidity or produce selling pressure even before the proposal reaches its final form.
Validators may stop operating from 7 a.m. Pacific Time on September 10 under the published plan. Declining validator participation could therefore become relevant before the network’s final block is established.
BNB Beacon Chain’s retirement shows why migration deadlines can matter long after a blockchain stops operating normally. BNB Chain provided a formal migration process, but users who missed the primary window later needed a dedicated recovery tool to move eligible assets.
For Harmony, the most useful indicators are validator participation, bridge availability, decentralized-exchange liquidity and updated instructions for assets remaining in smart contracts after September 10. ONE’s market price will show only part of the migration’s impact.
Inflation has the widest market reach U.S. inflation has the greatest potential reach because it can reprice interest-rate expectations across crypto, bonds, currencies and equities. The ECB decision is the secondary macro event, while Liquid carries the largest unresolved security risk.
Liquid, the two network upgrades and Harmony’s migration proposal have narrower exposure. Their effects should be assessed through fund movements, network performance and user access – not automatically treated as signals for the wider crypto market.
This article is for informational purposes only and does not constitute financial advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Senátorka Cynthia Lummis varuje, že pokud CLARITY Act neprojde tímto Kongresem, další šance na pravidla pro kryptotrh přijde až v roce 2030. Návrh je po schválení Sněmovnou v červenci 2025 v Senátu už více než dvanáct měsíců zablokovaný.
Key Points Wyoming Senator Cynthia Lummis cautions that missing this Congressional window on the CLARITY Act means waiting until 2030 for crypto market structure rules The legislation cleared the House in July 2025 but has remained gridlocked in the Senate for more than twelve months September 15 marks a crucial procedural vote, though observers doubt final approval before November’s midterm elections Ethics requirements pushed by Democratic lawmakers continue to block progress Bitcoin hovered near $79,000 while the Crypto Fear and Greed Index registered 75, signaling “greed” sentiment Wyoming’s Senator Cynthia Lummis is intensifying pressure on the Senate to advance the CLARITY Act, cautioning that inaction now threatens to freeze crypto regulation efforts for the remainder of the decade.
If the Clarity Act doesn’t pass this Congress, the next real opportunity to bring market structure legislation back up is 2030. That’s years of jobs, investment, and tax revenue we can avoid squandering if we finish this now.
— Senator Cynthia Lummis (@SenLummis) September 6, 2026
In a September 6 statement on X, Lummis emphasized that failing to move the CLARITY Act through the current Congressional session pushes the next viable opportunity for comprehensive market structure legislation all the way to 2030.
“By completing work on this legislation immediately, we prevent the loss of countless opportunities—jobs, investment capital, and government revenue,” Lummis stated.
Understanding the CLARITY Act’s Framework The CLARITY Act aims to eliminate regulatory ambiguity surrounding digital assets across the United States. The legislation establishes clear criteria for determining whether a digital asset qualifies as a security or commodity, while delineating jurisdictional boundaries between the SEC and CFTC for overseeing various asset categories.
Senator Lummis: Failure to Pass the CLARITY Act This Congress Could Delay the Next Opportunity Until 2030
U.S. Senator Cynthia Lummis said that if the CLARITY Act does not pass during the current Congress, the next real opportunity to advance market structure legislation may not… pic.twitter.com/jmZzheLTZz
— Wu Blockchain (@WuBlockchain) September 7, 2026
After securing House approval in July 2025, the legislation has languished in the Senate chamber for over twelve months without reaching a final floor vote.
The Senate calendar includes a procedural motion scheduled for September 15. However, this vote serves merely to determine whether deliberations can conclude and legislative proceedings can advance—it does not constitute final passage.
Republican Representative French Hill recently acknowledged that “negotiations have progressed to a meaningful stage,” though market watchers identify persistent roadblocks.
Remaining Legislative Roadblocks Democratic lawmakers continue insisting on the incorporation of ethics-related provisions as a prerequisite for their backing. These stipulations remain unresolved.
According to CoinDesk reporting, securing final passage ahead of November’s midterm elections appears virtually impossible. House leadership intends to schedule its concluding vote immediately following Senate action, just days before voters head to the polls.
Congressional terms operate on two-year intervals. Should the legislation fail to advance during the current session, it must be resubmitted entirely in the subsequent Congress, starting the process anew.
Lummis stands among the Senate’s strongest cryptocurrency advocates, having previously championed proposals to incorporate Bitcoin into America’s strategic reserve holdings.
Certain market observers contend that even with legislative postponement, near-term market consequences may prove minimal. Institutional investment has maintained momentum following spot Bitcoin ETF authorizations, while stablecoin regulatory frameworks progress through independent channels.
Current Cryptocurrency Market Conditions Bitcoin was changing hands near $79,000 on September 7, showing a modest 0.03% decline across 24 hours while posting 3.01% gains for the week.
Ethereum traded at $2,506, reflecting a 0.39% increase. Ripple sat at $1.41, experiencing a 0.47% decrease.
The Crypto Fear and Greed Index registered 75, firmly within “greed” parameters.
South Korean Bitcoin exchanges maintained a 1.48% premium, indicating slightly elevated prices compared to worldwide trading platforms.
Z Liquid Network bylo vyvedeno asi 4 000 BTC v hodnotě 319 milionů USD a na blockchainu zanechán vzkaz „we are whitehats. contact us on chain“. Blockstream incident vyšetřuje.
Someone pulled $319 million in Bitcoin (BTC) out of Blockstream’s Liquid network on Sunday. It cost 21 cents in fees. Then they left a note on the blockchain saying they were the good guys.
While the internet calls it a heist, the chain says something stranger. Liquid’s remaining coins are still fully covered, down to the fourth decimal place.
We are aware of a security incident on @Liquid_BTC. Purported white-hat hackers have withdrawn ~4,000 BTC (~$320 million) from the Liquid Federation wallet. The @Blockstream team is working on contacting them on-chain with a signed message.
What we know so far is that the funds…
— Liquid Network 🌊 (@Liquid_BTC) September 6, 2026
Follow us on X to get the latest news as it happens
$320M Crypto Reserve Moves, But the Wallet Left a Strange MessageThe first move cleared at 14:06 UTC, releasing 3,996 coins to an address nobody had ever used before. That was 95% of everything the network held.
Four hours later the money moved again. The sender paid 269 satoshis, about 21 cents, and attached a message anyone can read.
Actors left a message “we are whitehats. contact us on chain”. Source: memepoolThen they sent 0.00001 back to Liquid’s own address. The other 3,998.49 coins have not moved since.
“It looks like ~4,000 BTC just moved from the Liquid Network bridge all at once with an OP Return saying, “we are whitehats. contact us on chain”,” one user noted.
The Part Everyone MissedLiquid runs on one rule: To take coins out, you destroy the matching tokens inside the network first. So when the reserve shrank, the tokens it backs shrank with it. Both landed in nearly the same spot.
Hacker message: "we are whitehats. contact us on chain"
c103de95817b43f2df635ec6f35ff126ca26a7c6d20570c4b01866b2b3e69a19
— ∴FreeSamourai∴ (@ErgoBTC) September 6, 2026
The peg holds, with 0.22 coins to spare. Nobody still holding L-BTC is short a satoshi. That kills the insolvency story. However, it leaves a worse one. Add what left to what remains, and the network held about 4,193 coins on Saturday. Nearly all of them were burned to make this move work.
Blockstream is clear about who can do that. Only a federation member can burn the tokens. Fifteen companies hold the keys, and 11 must sign before coins leave.
Its documentation calls the destination list a safeguard.
Whitelisted addresses are used as a failsafe to ensure that the federation always remains in full control of the BTC held by the Liquid Network,” the team said in its documentation.
The coins went to a brand new address. Blockstream has not explained that, or said anything at all.
Traders have seen this before, particularly with Ronin bridge attackers who gave back $10 million and took a bounty in 2024.
The money sits still, in daylight. Whoever holds it asked to be contacted. Nobody has answered.
BlackRock už zpracoval přes 5 miliard USD v přímých směnách bitcoinu za podíly v iShares Bitcoin Trust (IBIT). V červenci snížil minimum pro in-kind konverze z 25 milionů USD na 1 milion USD.
BlackRock has found a way to solve one of crypto’s most persistent identity crises: what do you do when you’re sitting on a mountain of Bitcoin but want the comfort of a brokerage account? You swap it, directly, for shares of the iShares Bitcoin Trust (IBIT), no sale required.
The firm’s in-kind conversion program has quietly processed over $5 billion in direct Bitcoin-to-IBIT swaps as of August 2026. That figure was sitting at roughly $3 billion back in October 2025, meaning the pipeline has grown by more than 60% in less than a year.
The $1 million door just opened wider The acceleration traces back to a single decision made in July 2026. BlackRock slashed the minimum transaction size for in-kind conversions from $25 million down to $1 million.
At the old threshold, the program was essentially a velvet-rope affair for the ultra-wealthy and institutional holders. A $25 million floor meant you needed to be holding roughly 250 Bitcoin (give or take, depending on price) just to walk through the door. The new $1 million minimum opens the program to a much broader class of high-net-worth individuals, family offices, and smaller funds.
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The mechanics work through authorized participants, the intermediaries that create and redeem ETF shares. A Bitcoin holder delivers their coins to the authorized participant, who in turn delivers them to the trust and issues IBIT shares back to the holder. No sale hits the market. No immediate capital gains tax event gets triggered.
Why whales are biting Self-custody at scale is genuinely difficult. Hardware wallets, multisig setups, seed phrase management, inheritance planning: all of these become exponentially more stressful when the number after the dollar sign has seven or eight digits. A single operational error can mean permanent, irreversible loss.
By converting into IBIT shares, holders get their Bitcoin exposure wrapped inside the familiar infrastructure of Wall Street. Custodial risk shifts to Coinbase (IBIT’s custodian) and the broader ETF ecosystem. The shares sit in a standard brokerage account, show up on consolidated wealth statements, and can be margined, lent, or used as collateral just like any other security.
Robbie Mitchnick, BlackRock’s head of digital assets, has pointed to the growth potential of this market segment as the accessibility barriers continue falling.
IBIT’s gravitational pull IBIT remains the largest US spot Bitcoin ETF by both assets under management and flows, and the in-kind conversion program is widening that lead.
Every Bitcoin that flows into the trust through a direct swap adds to IBIT’s asset base without requiring a cash purchase on the open market. Cash creations, where an authorized participant buys Bitcoin on the market and delivers it to the trust, can move prices. In-kind creations simply transfer existing coins from one owner to the trust, which is price-neutral in the immediate term but still grows the fund’s footprint.
Other ETF issuers are exploring similar in-kind conversion options, but BlackRock’s distribution network gives it a structural advantage. The firm manages over $10 trillion in total assets across its platform, which means it already has relationships with the advisors, family offices, and institutions most likely to facilitate these conversions.
Tax strategy meets asset management When a Bitcoin holder sells their coins on an exchange, they realize a capital gain (or loss) at the moment of sale. The in-kind swap structure sidesteps this by treating the transaction as a like-kind exchange rather than a sale, deferring the tax liability into the future.
This isn’t a permanent tax avoidance strategy. The holder’s cost basis in the original Bitcoin carries over to the IBIT shares, so the tax bill comes due eventually, presumably when the shares are sold. But the ability to defer that event indefinitely, or until a more tax-efficient moment arises, is enormously valuable for wealth planning purposes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
MMF potvrdil, že poslední nákup Bitcoinu v Salvadoru byl financován ze soukromých darů, nikoli z veřejných peněz. Další akumulace nad rámec doložených darů se nečeká.
The IMF stated that the recent Bitcoin accumulation came from private donations, not public funds
El Salvador has significantly reduced public participation in its Chivo e-wallet as part of changes to the government’s involvement in Bitcoin, according to the International Monetary Fund.
The IMF said efforts are also underway to improve transparency around the country’s BTC holdings across its different wallets.
No Public Funds Bought Bitcoin Majority ownership and operational control of Chivo have been transferred to a private operator, while the government has kept a minority stake and responsibility for holding customer assets. On Bitcoin accumulation, El Salvador provided documentation showing that the BTC acquired since the first review of its IMF program came from private donations, and no public funds were used for the purchases.
The IMF staff and the Salvadoran authorities have reached a staff-level agreement that also includes measures to strengthen the governance and risk management of crypto assets held by the public sector, along with plans to update the country’s digital-asset legal, regulatory and supervisory framework.
The IMF said no additional Bitcoin accumulation beyond the documented donations is expected. The developments come as El Salvador continues implementing reforms under its Extended Fund Facility arrangement with the international financial organization.
Zooming out, the IMF Mission Chief for El Salvador, Mr. Torres, stated that the country’s economy grew more than expected in 2025, and real GDP growth is expected to reach 4.5% this year. The outlook is being supported by investment and consumer spending, as well as remittances, tourism, and capital inflows. The IMF also pointed to improved security and higher investor confidence as factors supporting the economy. It said the government’s economic policies have helped strengthen fiscal and external buffers.
El Salvador Bitcoin’s Stash El Salvador became the first country to make Bitcoin legal tender, but its use and accumulation have faced continued opposition from the International Monetary Fund. As part of negotiations for its $1.4 billion IMF program, the country agreed to limit public-sector involvement in BTC, make private-sector acceptance voluntary, and scale back parts of its crypto framework.
You may also like: Bitcoin’s 4-Year Cycle Could Be Changing: Willy Woo Reveals What Could Replace It Crypto Holders Turn to Loans as Markets Cool in 2026: CQ Bitcoin Holders Just Cashed Out 110,000 BTC in Profits: Is a Bigger Price Drop Coming? The National Bitcoin Office’s reserve tracker currently lists around 7,764 BTC. At the current price of $81,150, the holdings are worth roughly $630 million.
Po 16 letech nečinnosti se přesunulo 600 BTC z 12 raných těžebních bloků. Podle Whale Alert nešlo o Satoshiho a mince zamířily do nových peněženek, ne na burzy.
Somewhere out there, a miner (or miners) who earned Bitcoin when it was essentially worthless just moved 600 BTC that had been collecting digital dust since around 2010. At current prices, that stash is worth tens of millions of dollars. Whale Alert, the blockchain tracking service, identified the movement across 12 separate mining block rewards, each containing the original 50 BTC coinbase reward from Bitcoin’s earliest days.
The natural first question: is this Satoshi? The answer, according to Whale Alert’s analysis, is no. None of the 12 blocks show any connection to the patterns associated with Bitcoin’s pseudonymous creator.
Ghost coins come back to life Each of the 12 blocks dates back to roughly 2010, when Bitcoin mining could be done on a regular laptop and the price hovered somewhere between fractions of a penny and a few dollars. The 50 BTC reward per block was standard at the time, before Bitcoin’s first halving in 2012 cut that reward in half.
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The blocks appear to belong to anonymous individual miners rather than any known entity. What makes this movement notable is the sheer duration of dormancy. Sixteen years of inactivity followed by a sudden transfer raises eyebrows across the crypto community every single time it happens.
A pattern, not an anomaly This isn’t an isolated incident. On September 6, seven addresses tied to early miners moved a combined 350 BTC, valued at approximately $28 million at the time. That transaction followed the same playbook: coins from Bitcoin’s earliest era suddenly transferring to new, unlabeled addresses.
The key detail in both cases is where the coins went. They didn’t land on exchange deposit addresses. Instead, the transfers routed to fresh wallets with no known exchange affiliation. When dormant Bitcoin moves to an exchange, it typically signals intent to sell. When it moves to a new cold wallet, it looks more like housekeeping.
Throughout 2026, substantial amounts of early-era Bitcoin from wallets dating to the 2011-2014 period have also shown signs of reactivation. The cumulative effect is a steady drip of ancient coins waking up, creating a broader trend that on-chain analysts have been tracking closely.
Why dormant Bitcoin movements spook the market Even when the data suggests no selling intent, these movements carry psychological weight. The fear is straightforward: if early holders who accumulated Bitcoin at negligible cost start selling, the supply shock could pressure prices downward. A single miner from 2010 sitting on a few hundred BTC has a cost basis of essentially zero.
For traders watching on-chain flows, the distinction between exchange-bound transfers and wallet-to-wallet consolidation is critical. The former is a sell signal. The latter is closer to a vote of confidence.
That said, the mere visibility of these transactions can influence short-term sentiment. When Whale Alert flags a multi-million-dollar transfer from a dormant wallet, it gets amplified across social media within minutes. Traders who don’t dig into the destination details may react reflexively, creating brief volatility that has nothing to do with actual selling pressure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Kalshi spustila krypto perpetual kontrakty na BTC, ETH, BNB, LINK a dalších 14 aktivech s pákou až 6x. Přichází to v době, kdy se platforma dál přetahuje se státními regulátory i Nejvyšším soudem.
Kalshi has just reached a milestone. The predictive markets platform recorded 15.4 million visits from the United States in July 2026, compared to barely 1 million a year earlier. That’s an increase of 1,520%, according to Similarweb data consulted by Cointelegraph on Friday. Trading volume is rising at an even faster pace. Approximately 40 billion dollars in notional monthly volume in August, compared to 874 million a year before. But the information that really changes the game is elsewhere. Kalshi has just launched crypto perpetual contracts, including BTC, ETH, BNB and 14 other assets, with up to 6x leverage. A pivot that complicates an already heavy regulatory file.
In brief Kalshi now captures most of the growth in the predictive markets sector, driven by sports contracts. The platform is playing its regulatory survival before the Supreme Court on the exact nature of its contracts. In the midst of a legal battle, Kalshi chooses to open a second front by launching leveraged crypto perpetuals. Kalshi: Vertigo-Inducing Traffic and Volumes The numbers speak for themselves. US traffic represented nearly 80% of Kalshi’s total in July, compared to 72.8% a year earlier. Growth remains massively concentrated on the American market. Sports contracts, meanwhile, account for 83% of July’s trading volume, reported Barron’s on Thursday. In terms of volume, the entire predictive markets industry has grown from 2 to 50.7 billion dollars monthly over the period, with Kalshi capturing nearly 79% of the total alone. So Kalshi hasn’t just grown, it has absorbed the entire market.
The notable fact here is that traffic is also increasing from jurisdictions where Kalshi is not allowed to operate directly:
Canada increased from 50,000 to 450,000 visits; The United Kingdom from 31,000 to 296,000, while the platform’s user agreement still prohibits direct access from these two countries. Kalshi circumvented the issue in June through a partnership with Wealthsimple, which gives access to about 4,000 eligible contracts via a separate app. Clever, but it doesn’t erase the fundamental question. Who accesses what, and under what authorization?
A Court Case that Has Reached the Supreme Court While traffic explodes, the courts are active. New Jersey has brought before the US Supreme Court the question of whether Kalshi’s sports contracts fall under federal supervision (thus the CFTC) or state gambling laws specific to each state. Michigan is pursuing its own efforts to block the platform. The issue is not cosmetic because if sports contracts are reclassified as bets under state jurisdiction, a significant part of Kalshi’s model, 83% of the volume, becomes fragile in its main markets.
Kalshi is playing a double-edged sword here. On the one hand, it claims federal status as an event contract market, regulated by the CFTC for years. On the other hand, the bigger the platform grows, the more it attracts state regulators’ attention, who see in this success proof that Kalshi is effectively disguised sports betting.
The Crypto Shift that Incorporates a Regulator And now Kalshi adds another layer. On September 4, the Kalshi Crypto account announced on X the launch of perpetuals on BNB, complementing an offering that already covers BTC, ETH, LINK and 14 other cryptos, with leverage up to 6x for eligible American traders. An extension confirmed the same day by a post relaying the announcement on the network. The platform is also pushing, according to the same publications, towards tokenized stocks and gold.
To say it frankly, the timing is bold because Kalshi is already fighting before the Supreme Court to prove that it is not a disguised bookmaker. And it chooses this precise moment to launch 6x leverage on cryptos, a territory that clearly falls under the CFTC’s eye for classical derivatives. Instead of simplifying its regulatory file, Kalshi has opened a second front. This time on leveraged crypto derivatives, while the first, sports contracts vs. gambling, is not even resolved yet.
Three Things About Kalshi to Keep in Mind US traffic up +1,520% in one year, 15.4 million visits in July, compared to less than 1 million in August 2025 Kalshi is about 40 billion dollars, driven to 83% by sports contracts, while litigation over their status rises to the Supreme Court New regulatory front opened at the beginning of September: launch of crypto perpetuals (BTC, ETH, BNB, LINK + 14 assets) up to 6x leverage Kalshi is therefore growing faster than its regulatory base can keep up. Between the Supreme Court and the CFTC, two fronts are opening at the same time: sports and crypto. The question is no longer whether a regulator will decide, but which one will tackle it first.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Dlouhodobí držitelé Bitcoinu zvýšili aktivitu: 90denní průměr mincí přesunutých z peněženek neaktivních déle než pět let vzrostl na 1 500 BTC. Cena přitom zůstává pod 80 000 USD.
Long-term Bitcoin holders, often referred to as “OGs,” have sharply increased their transaction activity since May, with data showing the 90-day average of coins moved from wallets dormant for over five years now reaching 1,500 BTC. This trend comes as Bitcoin’s price trades in a tight range near $80,000, showing little momentum to break above this threshold.
Bitcoin OG transaction activity jumpsAccording to new research from CryptoQuant’s analyst Darkfost, veteran Bitcoin holders more than doubled their average spending activity compared to June, when the measure dropped to 962 BTC—its lowest in almost two years. This was also the first time since November 2024 that the figure fell below 1,000 BTC.
The 90-day moving average is used for this metric instead of daily readings, helping to reduce noise from large, individual transactions and giving a clearer view of shifts within the longstanding holder group.
Darkfost noted that “OG Bitcoin holder activity has intensified during this consolidation phase. The 90-day moving average of spent UTXOs from holders who have held BTC for more than five years just climbed to 1,500 BTC.”
Bitcoin traded at $79,901 at the time of reporting, up about 0.33% in the previous 24 hours, but continued to experience sharp swings between $78,723 and $81,370. The price remained pinned below $80,000 despite this increased on-chain activity.
Understanding OG movements and wallet transfersWhile increased wallet usage by veteran holders often raises concerns around potential selling pressure, analysts caution against assuming all such movements are sales. Some transactions may represent shifting assets to more secure storage following security incidents, rather than liquidations.
A spent UTXO means a previously unspent output is used as an input in a new transaction. Bitcoin tracks transfers based on UTXO movements, rather than conventional account balances.
Address labels can indicate whether coins are flowing to exchanges, custodians, or self-custody. Even so, deposits to exchanges don’t guarantee that sales occur, as some activity may simply reflect internal restructuring or improved storage security.
Recent blockchain data shows that, over a 10-day period in August, six ancient wallets moved 553.59 BTC valued at $40.15 million. These wallets had not been active in 12 to 15 years prior to these transactions.
Five of these wallets transferred funds to unknown private wallets, while one sent 40 BTC to Boerse Stuttgart Digital, a company providing digital asset custody and trading services, making the nature of the transfer—sale, custody change, or restructuring—uncertain.
Boerse Stuttgart Digital is a German institution specializing in secure crypto custody and trading infrastructure for institutional and retail investors.
Mini dictionary: Boerse Stuttgart Digital, a digital asset division of Boerse Stuttgart Group, offers regulated custody and trading services for cryptocurrencies, catering mainly to the European market.
Impact of Coldcard security issuesA major driver behind recent dormant wallet transfers was the Coldcard hardware wallet security breach. The device suffered a vulnerability that potentially exposed the seed phrases of affected wallets, putting user holdings at risk.
Following the issue, at least 28 wallets dormant since 2014 moved a total of 1,314.41 BTC on August 20, with over 1,200 BTC traced to 2014-era wallets. Owners responded to security advice by generating new seeds and moving coins, sometimes even after security software updates failed to resolve all problems.
Coldcard is a Bitcoin-focused hardware wallet brand, popular for its advanced security features targeting long-term holders.
Mini dictionary: Coldcard, a hardware wallet for Bitcoin, allows users to store their private keys securely offline, but flaws in firmware can jeopardize stored funds, as recently seen with seed phrase vulnerabilities.
Network activity rises amid price stagnationK33 Research estimates that almost 890,000 BTC changed hands during a seven-day period in early August, marking the highest weekly active supply level so far in 2026. This surge in activity occurred even as Bitcoin traded within one of its narrowest 30-day price ranges since 2023.
PeriodActive SupplyPrice RangeOG Holder Spent OutputEarly August 2026 (7 days)890,000 BTC$78,723–$81,3701,500 BTC (90-day avg)June 24, 2026Not statedNot stated962 BTC (90-day avg)This uptick in supply movement did not coincide with a decisive price rally, reflecting how on-chain signals can sometimes differ from market trends.
Galaxy Research reported that 1,596 BTC had been stolen in three major crypto theft waves as of August 5, involving around 7,300 affected addresses. The group estimated that total losses could rise to 2,055 BTC if a suspected fourth wave is confirmed, representing a value of approximately $130 million at the time. Despite these high-profile raids, nearly 90% of the stolen funds remained dormant on the blockchain.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The service operates through its DFSA-regulated DIFC arm and complements the bank’s existing digital asset custody and stablecoin services.
Standard Chartered extended its deliverable Bitcoin (BTC) and Ether (ETH) spot trading to institutional clients in the United Arab Emirates on September 3, becoming the first Global Systemically Important Bank (G-SIB) to offer the service in the country.
The offering runs through Standard Chartered DIFC, the bank’s arm in the Dubai International Financial Center (DIFC), which said it is the only global bank currently providing institutional digital asset spot trading in the region.
Built on the UK Launch The launch adds trade execution to a custody service the bank already runs in the UAE. The trades are deliverable, so clients take possession of the underlying Bitcoin and Ether at settlement, and they can settle through a custodian of their choice, including Standard Chartered’s own digital asset custody solution that went live in September 2024.
Trades run through the bank’s electronic channels and sit inside its existing platforms, letting clients access the two assets through the same FX interfaces they already use. Standard Chartered DIFC is regulated by the Dubai Financial Services Authority (DFSA).
“The UAE has developed a clear digital assets regulatory framework that supports institutional participation and innovation,” said Rola Abu Manneh, Chief Executive Officer for the UAE, Middle East and Pakistan at Standard Chartered. She said pairing execution with custody, governance, and the bank’s global connectivity gives clients a more integrated way to participate in digital asset markets.
Standard Chartered first introduced institutional Bitcoin and Ether spot trading through its UK branch in July 2025, the first G-SIB to offer deliverable spot crypto trading to institutional clients.
“DIFC provides an established platform for international financial institutions to deploy global capabilities across markets,” said Christopher Parsons, Senior Executive Officer at Standard Chartered DIFC. He said the arrangement combines the bank’s global markets network with a regulated base for serving clients across the region.
You may also like: Bitcoin Holders Just Cashed Out 110,000 BTC in Profits: Is a Bigger Price Drop Coming? Ripple CTO Emeritus: BIP-110 Vote Loss Doesn’t Justify New Chain Bitcoin, Ethereum, Tron, and Cardano Tell Four Very Different Stories Through Active Addresses A Wider UAE Digital Asset Push The trading service sits inside a broader digital asset strategy that spans custody, trading and tokenization through Standard Chartered’s Corporate and Investment Bank, with its ventures ecosystem reaching into Zodia Markets and Libeara.
The bank already lets institutional clients mint and redeem USDC directly through its DIFC platform, a service it built with Circle. SC Ventures, its innovation arm, has backed a $100 million digital asset joint venture in the UAE with Japan’s SBI Holdings that targets market infrastructure, compliance tools, DeFi and tokenization.
BlackRockův iShares Bitcoin Trust zaznamenal za jedinou obchodní seanci příliv 117,4 milionu USD, čímž pomohl zvýšit denní čisté přílivy do amerických spotových bitcoinových ETF na 174,6 milionu USD.
BlackRock’s iShares Bitcoin Trust pulled in $117.4 million in a single trading session on September 4, 2026, as clients continued to channel capital into the world’s largest spot Bitcoin ETF.
The daily haul pushed total U.S. spot Bitcoin ETF inflows to $174.6 million that day, with Fidelity’s FBTC contributing the remaining $57.2 million. A day earlier, IBIT alone had absorbed $454 million, which puts the two-day combined figure well above half a billion dollars.
How IBIT actually works Worth clarifying: BlackRock is not buying Bitcoin for itself. The firm has been explicit that it only transacts in Bitcoin when clients instruct it to through the fund, acting as an intermediary rather than a principal investor.
Inflows and outflows correspond directly to creations and redemptions in the ETF structure, meaning every net inflow day represents actual Bitcoin being purchased on behalf of clients in the open market, handled in partnership with custodians like Coinbase Prime. That $117.4 million is not an accounting abstraction.
The bigger picture behind one day’s number Cumulative net inflows into IBIT have now exceeded $60 billion since the fund launched in January 2024, cementing its position as the dominant vehicle in the U.S. spot Bitcoin ETF category by a considerable margin.
IBIT has led net inflows across the U.S. Bitcoin ETF landscape consistently throughout 2026. Fidelity’s FBTC has been the closest competitor, but the gap has remained wide.
The September 3 single-day figure of $454 million deserves attention on its own. Days with inflows of that magnitude were notable events in 2024 and early 2025. By mid-2026, they have become a recurring feature of the market rather than a headline anomaly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin ETF za tři týdny přilákaly zhruba 3,8 miliardy USD, což potvrzuje návrat institucionální poptávky. Nejvíc peněz šlo do IBIT od BlackRock a FBTC od Fidelity.
Over the past three weeks, Bitcoin ETFs have captured approximately 3.8 billion dollars. This is their best performance since the beginning of this year. In the last week, they attracted an additional 986.9 million dollars despite a withdrawal. This recovery thus confirms the return of institutional demand, although it has not yet offset all the outflows recorded since January.
In Brief Bitcoin ETFs attract nearly 3.8 billion dollars in three weeks. BlackRock and Fidelity concentrate the inflows recorded on Friday. Flows remain positive despite Bitcoin falling below 80,000 dollars. Funds are redirected towards Bitcoin, while Ethereum and XRP ETFs slow down. Three Weeks Erase a Large Part of 2026 Outflows In the week that ended on September 4, Bitcoin ETFs recorded inflows of 986.9 million dollars. This result exceeds the inflows of the previous week by nearly 7%.
The total thus amounts to approximately 3.8 billion dollars over three weeks. However, ETFs still display nearly one billion dollars of outflows since the start of the year. The current recovery has therefore significantly reduced the deficit without completely erasing it according to SoSoValue data.
The key statistics reveal the importance of capital inflows :
Inflows reached 986.9 million dollars in the last week ; The total for the past three weeks is nearly 3.8 billion ; Net inflows since launch are around 55.6 billion ; Net assets held by funds amount to 101.3 billion ; The 2026 balance remains negative by about one billion dollars. About 1.92 billion was collected in the first week of this streak. Nearly 924 million dollars were added in the following weekly period, and then 986.9 million during the last. This consistency distinguishes the current sequence from a simple exceptional day.
BlackRock Captures Two Thirds of Friday’s Inflows On September 4, ETFs captured 174.6 million dollars. This amount remains significantly lower than the 730.8 million attracted the previous day, yet it allows the category to close the week with a second consecutive positive session.
BlackRock’s IBIT ETF received 117.4 million dollars, or nearly 67% of the daily total. Fidelity’s FBTC reported 57.2 million dollars. As for other funds, they recorded no net inflows or outflows during the session, according to the Farside Investors table.
This dominance by BlackRock is also visible in cumulative data. IBIT has totaled over 64 billion dollars in inflows since its launch. Fidelity is just behind with nearly 10.3 billion dollars.
This concentration means that a significant share of demand still depends on two large funds. On Friday, IBIT and FBTC provided all the category’s positive flows.
Inflows Increase Despite Bitcoin Falling Below 80,000 Dollars Bitcoin dropped from nearly 81,200 dollars to less than 79,000 dollars during Friday’s session. Afterwards, it moved around 79,700 dollars. However, it maintained a weekly gain close to 2.6%.
ETFs therefore continued to attract capital despite the price drop. This divergence may indicate that some investors use the decline to consolidate their exposure. However, it does not guarantee an immediate price recovery.
This distinction is illustrated by the total valuation of assets held by ETFs. From Thursday to Friday, it fell from 103.3 billion to 101.3 billion dollars, even as funds collected 174.6 million dollars. Bitcoin’s drop reduced asset valuations faster than new capital increased them.
Thus, net flows measure subscriptions and redemptions of shares. Assets also account for Bitcoin price changes. An increase in inflows does not immediately trigger a corresponding rise in assets under management.
Funds Move Away from Ethereum and XRP ETFs For Bitcoin ETFs, demand has consolidated, however it has fundamentally slowed down for other crypto products. Ethereum ETFs recorded only 218.4 million dollars in the week, compared to 824.4 million the previous week. This drop is close to 74%.
Inflows in XRP ETFs fell from 110.5 to 19 million dollars, or a drop of nearly 83%. Despite this slowdown, both categories remain positive since January. Ethereum products have accumulated nearly 863 million dollars of inflows this year, compared to 515 million for those dedicated to XRP.
The current movement thus signals a rotation of capital towards Bitcoin. For confirmation of a durable trend, Bitcoin ETFs need to maintain positive inflows and erase the one billion dollar outflow still accumulated since the start of this year.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
U.S. spot Bitcoin and Ethereum exchange-traded funds attracted a combined $1.20 billion during the trading week ending Sept. 4, with Bitcoin products accounting for more than 80% of the total.
Summary
Spot Bitcoin ETFs recorded $986.7 million in weekly net inflows. Ethereum ETFs added $215.3 million, down sharply from the previous week. BlackRock’s Bitcoin funds attracted $691.5 million across the five sessions. The largest combined inflows arrived on Sept. 3 as crypto prices rebounded. Bitcoin ETF inflows approach $1 billion According to data from Farside Investors, U.S. spot Bitcoin ETFs recorded $986.7 million in net inflows between Aug. 31 and Sept. 4. The weekly intake increased about 6.7% from the $924.5 million added during the previous five trading sessions.
The funds opened the week with $216.7 million in net inflows on Aug. 31 before recording $236.5 million in withdrawals on Sept. 1. Demand returned over the following three sessions, producing inflows of $101.1 million, $730.8 million, and $174.6 million.
Sept. 3 accounted for roughly 74% of the entire weekly total. BlackRock’s spot Bitcoin products attracted $454 million that day, while ARK Invest and 21Shares’ ARKB added $137.7 million. Fidelity’s FBTC and Grayscale’s Bitcoin Mini Trust recorded $74.4 million and $48.8 million, respectively.
BlackRock’s products led the full week with about $691.5 million in net inflows. ARKB followed with $137.7 million, while Fidelity’s fund added $94.8 million.
Bitwise’s BITB received $41.7 million during the period. VanEck’s HODL posted approximately $33 million in net withdrawals, while Grayscale’s converted GBTC fund recorded a modest $18.6 million inflow.
The five-day result brought cumulative net inflows across the U.S. spot Bitcoin ETF market to approximately $55.69 billion, according to Farside’s data.
Ethereum ETF demand slows from the previous week U.S. spot Ethereum ETFs recorded $215.3 million in net inflows over the same period, Farside data showed. Although the funds remained net positive, weekly inflows fell by around 73.6% from $815.7 million during the previous week.
Ethereum products started the period with an $87.6 million inflow on Aug. 31 and added another $8.6 million on Sept. 1. The group then recorded $48.2 million in net outflows on Sept. 2 before attracting $141.4 million on Sept. 3 and $25.9 million on Sept. 4.
BlackRock’s ETHA brought in $136.4 million during the week, while its staked Ethereum product ETHB added $81.8 million. The two BlackRock funds therefore received a combined $218.2 million, slightly more than the category’s total net inflow after withdrawals from competing products were included.
Fidelity’s FETH ended the week with only $4.7 million in net inflows. The fund attracted $65.1 million on Sept. 3 but lost $48.3 million the following session.
Grayscale’s higher-fee ETHE recorded $37 million in weekly net outflows. Grayscale’s lower-cost Ethereum Mini Trust partly offset those withdrawals with $17.1 million in inflows.
Cumulative net inflows into U.S. spot Ethereum ETFs reached approximately $13.19 billion by the end of the week.
Crypto ETF inflows diverge from wider U.S. funds The $1.20 billion combined inflow into Bitcoin and Ethereum ETFs came during a cautious period for conventional U.S. investment funds.
Investors withdrew $11.12 billion from U.S. equity funds during the week ending Sept. 2, according to LSEG Lipper data reported by Reuters. Large-cap funds accounted for $7.52 billion of those withdrawals, while money market funds attracted $48.76 billion.
Reuters tied the broader caution to rising bond yields, higher oil prices and tensions in the Middle East. Those factors weighed on risk assets earlier in the week, but sentiment improved on Sept. 3 after Federal Reserve Governor Christopher Waller said he could support keeping interest rates unchanged if inflation continued to ease.
The shift coincided with the largest daily crypto ETF inflows of the week. Bitcoin and Ethereum funds collectively attracted about $872.2 million on Sept. 3, while Bitcoin climbed above $81,000 and Ethereum moved back toward $2,500.
The subsequent reversal showed that ETF inflows did not remove short-term macro risks. Bitcoin was trading near $79,664 at the time of writing, down about 1.8% over the latest session, while Ethereum traded around $2,458 after a 2.8% decline.
U.S. data keeps rate expectations in focus The next test for ETF demand could come from changing expectations for U.S. interest rates. The Bureau of Labor Statistics reported that nonfarm payrolls increased by 162,000 in August, while the unemployment rate remained at 4.1%.
The stronger labor data reduced some of the optimism created by Waller’s comments because a resilient economy could give the Federal Reserve more room to keep borrowing costs elevated.
Investors will now focus on the Sept. 11 U.S. consumer price index report and the Federal Reserve’s Sept. 16 policy decision. Further evidence of persistent inflation could pressure crypto prices and ETF demand, while softer inflation would support the case for stable or lower interest rates.
Despite those risks, the weekly figures showed that U.S. investors remained net buyers of both major crypto ETF categories. Bitcoin products maintained their momentum from the previous week, while Ethereum funds stayed positive even as their weekly intake slowed.
Strategy Inc. is sitting on roughly $52.5 billion in net Bitcoin reserves after subtracting what it owes to preferred shareholders and convertible debt holders.
The gross number is substantially larger. Strategy holds approximately 845,050 BTC valued at around $74 billion, which represents about 4.02% of Bitcoin’s entire circulating supply. But after accounting for roughly $14.8 to $15.5 billion in preferred stock obligations and $6.7 to $6.8 billion in out-of-the-money convertible debt, the net figure lands at $52.5 billion.
A new way of counting The shift in reporting methodology traces back to July 2026, when Strategy introduced a revised metrics framework that prioritizes net exposure for common shareholders. Previously, the company simply trumpeted its total Bitcoin stack. Now it’s voluntarily showing its work, deducting the claims that sit above common equity in the capital structure.
Executive Chairman Michael Saylor has been the loudest champion of this approach. The framework is designed to give shareholders a clearer picture of what actually belongs to them after everyone else in line gets paid first.
The company has also introduced a market net asset value metric, referred to as mNAV, which has consistently registered above the 1.0x threshold since the revised framework went into effect. Strategy has permanently anchored its equity issuance threshold at that level, meaning it won’t dilute shareholders by selling stock below the net asset value of its Bitcoin holdings.
Cash reserves and strategic positioning Beyond the Bitcoin pile, Strategy’s liquidity position is substantial. The company reports a USD reserve of $5.1 billion alongside an additional cash pool of approximately $1.6 billion. Combined, that’s enough to cover preferred dividends and interest obligations for several years without touching the Bitcoin stash.
During recent weeks, the company has refrained from purchasing or selling any Bitcoin. Instead, it has raised capital through MSTR share sales and conducted limited preferred stock buybacks. The decision to pause Bitcoin acquisitions while repurchasing preferred stock serves a dual purpose: it reduces the senior claims sitting ahead of common shareholders while maintaining the existing Bitcoin position intact.
What the net reserve framework means for markets The distinction between $74 billion gross and $52.5 billion net is roughly $21.5 billion. It represents the total value of claims that would need to be satisfied before common shareholders see a penny in a theoretical liquidation scenario.
For investors evaluating MSTR stock, the mNAV metric hovering above 1.0x suggests the market is assigning at least full value to Strategy’s net Bitcoin position.
The approximately $6.7 billion in convertible debt is described as out-of-the-money, meaning the conversion prices sit above where MSTR shares currently trade. If those converts were to swing into the money, the dilution math would change, potentially shifting the net reserve calculation in ways that affect common shareholder value.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hargreaves Lansdown začala drobným investorům nabízet nákup Bitcoinu a dalších krypto ETN, přestože loni tvrdila, že Bitcoin není třída aktiv. Firma zároveň varuje, že krypto ETN jsou vysoce rizikové a mohou být volatilní.
British financial services firm Hargreaves Lansdown is letting retail investors buy bitcoin — nearly one year after it said the cryptocurrency was “not an asset class.”
The Bristol, UK-based investment firm’s website said it was offering bitcoin and other crypto exchange-traded notes to investors. ETNs are investment funds which trade on stock exchanges and track the prices of digital assets.
It comes after the firm, which manages nearly £173 billion (over $233 billion) in assets, last year warned customers about buying bitcoin.
“While longer-term returns of Bitcoin have been positive, Bitcoin has experienced several periods of extreme losses and is a highly volatile investment — much riskier than stocks or bonds,” the firm said at the time.
“The HL Investment view is that Bitcoin is not an asset class, and we do not think cryptocurrency has characteristics that mean it should be included in portfolios for growth or income and shouldn’t be relied upon to help clients meet their financial goals.”
Now, a number of ETNs tracking the price of bitcoin and other cryptocurrencies are available. The firm warns users that “crypto ETNs are considered high-risk and may be volatile.”
U.S. regulator the Securities and Exchange Commission in 2024 approved bitcoin exchange-traded funds for investors after a decade of saying no to the products.
The funds had the most successful debut in the history of ETFs as investors previously unable to buy exposure to the asset class rushed in to buy the products.
Run by top asset managers and banks like BlackRock, Fidelity, and Morgan Stanley, the investment vehicles now collectively manage over $100 billion in assets.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
Firmy znovu zrychlují nákupy BTC a ETH, zatímco Bitcoin na konci srpna vzrostl zhruba o 23 %. Strive koupila 1 800 BTC a Strategy přidala 4 603 BTC, zatímco Bitmine dál hromadí více než 5,9 milionu ETH.
Late August’s crypto market rebound has driven enterprises to increase their crypto asset allocations. As Bitcoin’s price rose, Bitcoin mining firms that had previously pivoted aggressively to AI businesses have reemerged as high-beta plays in BTC’s market, while corporate balance sheet strategies involving direct Bitcoin holdings have once again drawn market attention. Data shows Bitcoin climbed around 23% in late August, with some mining stocks surging 41% to 67%—outperforming multiple AI infrastructure companies. The market attributes the rally to three key factors: the U.S. Treasury expanding Treasury repurchase operations, the White House issuing positive signals on crypto regulation, and over $1.6 billion in short positions being liquidated. In terms of corporate buying activity, Strive purchased 1,800 BTC in the final week of August for roughly $143 million, lifting its total holdings to 23,156 BTC and making it the fifth-largest public company holder of Bitcoin. Strategy added 4,603 BTC over the same period, bringing its total holdings to more than 845,000 BTC. Separately, 21 major financial institutions including Bank of America, Goldman Sachs, and Citigroup plan to set up a new entity and launch a U.S. dollar stablecoin in the first half of 2027, with plans to expand to other G7 currencies for cross-border payments and digital asset settlements. For Ethereum, Bitmine has been accumulating ETH for 65 consecutive weeks, with its latest position exceeding 5.9 million ETH—accounting for 4.9% of Ethereum’s roughly 120.7 million circulating supply, just short of its 5% holding target. Despite the ongoing accumulation, the company’s current ETH holdings still carry approximately $5.1 billion in unrealized losses.
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Michael Saylor uvedl, že veřejná podpora Bitcoinu v USA je chráněná svoboda projevu a BTC je podle něj komodita, ne cenný papír. Zároveň zdůraznil, že podvod a manipulace zůstávají nelegální.
Strategy Executive Chairman Michael Saylor has defended public Bitcoin advocacy in the United States as protected free speech. He has also called Bitcoin a commodity rather than a security, while stressing that fraud remains illegal.
Michael Saylor Backs Public Bitcoin Advocacy Saylor has argued that Americans do not need a license to discuss Bitcoin or publicly recommend owning the asset. His comments are drawing attention as Washington continues working on broader rules for the cryptocurrency market.
“In America, you don’t need a license to discuss Bitcoin, advocate for it, or publicly recommend owning it,” Saylor wrote.
He added, “Bitcoin is a commodity, not a security,” while separating Bitcoin advocacy from illegal market conduct. Saylor also stated that fraud and manipulation remain prohibited under existing laws.
The Strategy chairman has repeatedly supported wider Bitcoin adoption through public comments and his company’s treasury strategy. His latest remarks are focusing specifically on public discussion and recommendations involving BTC.
CLARITY Act Debate Continues in Washington Saylor’s comments are arriving as lawmakers continue preparing for a September 15 procedural vote on the CLARITY Act.
The National Sheriffs’ Association has now shifted its position on the legislation from opposition to neutral. The group had previously raised concerns about illicit finance enforcement under the proposed regulatory framework.
Senator Cynthia Lummis has welcomed the change while calling for lawmakers to advance the legislation. She has argued that the bill would provide law enforcement with additional tools against illicit crypto finance.
The CLARITY Act is seeking clearer divisions between federal agencies overseeing digital asset markets. However, lawmakers are still negotiating several provisions before the legislation can complete the Senate process.
However, the September 15 vote is procedural and would allow the Senate to advance consideration of the legislation, but it would not represent final passage of the bill.
MSTR Still Falling Despite Resumed Bitcoin Purchases Saylor’s latest remarks are also following Strategy’s return to Bitcoin purchases after a roughly 10-week buying pause.
As we reported, Strategy has acquired 4,603 BTC for approximately $369.7 million at an average price of $80,318 per Bitcoin, increasing the holdings to 845,050 BTC.
Despite the buys, Strategy shares are trading lower, even as Saylor maintains his public support for Bitcoin and the company resumes BTC purchases.
At press time, the MSTR stock had fallen by about 4.2% to $138.74 as Bitcoin faced renewed volatility following the latest U.S. employment data. Despite recent multi-week momentum fueled by stabilizing macroeconomic updates, the MSTR stock remains down 56% over the last 12 months.
AIxCrypto Holdings ukončuje kryptoměnovou treasury strategii a prodává zbytek 33,49 BTC, 497,56 ETH, 6 325,92 SOL i menších pozic v LINK, BNB a ADA po zhruba 50% nerealizované ztrátě portfolia. Firma se chce plně přesunout do robotiky s platformou RoboShare.
AIxCrypto Holdings (AIXC), a US-based technology microcap, has decided to fully liquidate its digital asset portfolio and end its cryptocurrency treasury strategy.
Asset liquidation and SEC filingThe company submitted an amended Form S-1 to the Securities and Exchange Commission on September 4, 2026, revealing plans to sell its remaining cryptocurrency holdings. This decision follows sustained financial losses, including approximately a 50% unrealized decline in the value of its digital asset portfolio.
As of August 31, AIXC reported that it had liquidated 33.49 Bitcoin (BTC), 497.56 Ethereum (ETH), and 6,325.92 Solana (SOL). The firm also sold smaller allocations of Chainlink (LINK), Binance Coin (BNB), and Cardano (ADA).
In a notable detail from its regulatory disclosures, the company classified its XRP position as “immaterial.” By emphasizing this, AIXC’s management appeared to direct shareholders’ attention toward losses centered on major assets like Bitcoin and Ethereum, rather than on XRP.
After disposing of its depreciated assets, the company intends to relaunch and pivot fully to the robotics sector by developing its RoboShare platform, ending its previous focus as a pharmaceutical business.
AIxCrypto Holdings, once primarily focused on pharmaceuticals, is now shifting its strategy to concentrate on robotics, facilitated by the RoboShare platform, after closing out its digital asset exposure.
Mini dictionary: RoboShare, a platform being developed by AIxCrypto Holdings to enter the robotics industry, represents the company’s new direction after exiting its pharmaceutical and crypto treasury activities.
Changing approaches across companiesThis move by AIXC follows similar trends among small-cap companies reevaluating digital asset strategies. Tokyo-based Remixpoint previously cleared its altcoin holdings — including Ethereum, Solana, Dogecoin, and 1.19 million XRP — to fund investment in energy storage systems, yet retained Bitcoin as a treasury asset.
These developments suggest a shift in the approach of small corporates, prioritizing operational stability over speculative crypto investments. Rather than widespread panic, the selloffs point toward a transfer from accidental or opportunistic investors to more pragmatic market participants.
XRP ecosystem sees institutional investment despite small-cap retreatsWhile some companies downplay their exposure to XRP by labeling holdings as immaterial, institutional interest in the XRP ecosystem is evolving. Kinetics funds, a well-known asset management group, disclosed recent direct investments in Ripple Labs’ Class A preferred shares, according to SEC records. This strategy demonstrates that some institutional capital is gaining exposure to XRP through equity positions in Ripple, rather than solely holding tokens traded on exchanges.
Evernorth (XRPN), a leading XRP-focused treasury holding company, currently maintains about 473 million XRP in its reserves and is preparing for a public offering via a special purpose acquisition company (SPAC) structure on Nasdaq.
Mini dictionary: Evernorth (XRPN) is a treasury holding company specializing in XRP, notable for its large balance of XRP and its ongoing preparations for a Nasdaq listing through a SPAC arrangement.
Despite a number of smaller firms exiting the crypto market and labelling certain positions as negligible, other entities are taking calculated steps to strengthen their presence in the sector.
The current pattern reflects not a loss of confidence among corporate players in digital assets, but rather a more selective and strategic approach to managing risk and focusing on core operations.
CompanyCrypto assets soldAssets retainedNew focusRemarksAIxCrypto Holdings (AIXC)BTC, ETH, SOL, LINK, BNB, ADANoneRobotics (RoboShare)50% loss on portfolioRemixpointETH, SOL, DOGE, XRPBTCEnergy storage systemsCleared all but BitcoinEvernorth (XRPN)None~473 million XRPPreparing for Nasdaq via SPACMaintains large XRP holding
SEC schválila rozšíření pravidel Nasdaq Texas pro „digitální komodity“ a v dokumentu označila BTC, ETH, SOL a XRP za digitální komodity pro ETF. Přílivy do XRP ETF zároveň trvají už 11 seancí.
The cryptocurrency market experienced a significant rally on Friday, September 4, 2026, as a major short squeeze unfolded and key regulatory news broke from the US Securities and Exchange Commission (SEC). Data from CoinGlass indicated that 105,019 traders saw positions worth $566.90 million liquidated in the past 24 hours, with $478.91 million of these from short positions. The total crypto market capitalization reached $2.711 trillion, expanding to $2.82 trillion when derivatives are included.
Regulatory action reshapes crypto landscapeThe SEC issued Order No. 34-106268, granting Nasdaq Texas, LLC accelerated approval to amend Rule 5711(d) to define “digital commodity” in its rules, legalize actively managed crypto strategies, and permit ETFs to hold up to 15% of their net asset value in instruments that initially do not meet strict eligibility criteria.
In the order, the SEC named Bitcoin (BTC), Ether (ETH), Solana (SOL), and XRP as digital commodities that currently qualify for inclusion in these products. This represents a formal acknowledgment within the exchange’s governance framework, though it does not carry the force of law nationwide.
The SEC’s move follows a wave of decisions from 2025 and 2026, including the September 2025 reduction of crypto ETP approval times from 240 days to 75 days and a March 2026 joint SEC and CFTC interpretation that classified a group of cryptocurrencies, including BTC, ETH, SOL, XRP, ADA, AVAX, DOGE, SHIB, and LINK, as commodities.
In June, regulators cleared T. Rowe Price’s multi-asset crypto ETF, TKNZ, which can flexibly rotate holdings among these coins.
Despite this momentum, legal certainty remains pending. The Senate will hold a vote on the CLARITY Act on September 15, while the House of Representatives has signaled potential delays after canceling its September legislative sessions. The National Sheriffs’ Association, in a recent letter, withdrew objections to DeFi, adopting a neutral position and reducing some lobbying pressure. Ripple CEO Brad Garlinghouse commented, “Making America the crypto capital of the world is within reach — let’s finish the job.”
Making America the crypto capital of the world is within reach — let’s finish the job.
Market rally driven by economic data and ETFsThe rally followed comments by Federal Reserve Governor Christopher Waller, who pointed to ongoing disinflation and supported stable interest rates at the Fed’s upcoming meeting. This calmed some market tensions, while the Japanese yen strengthened 2% amid speculation about a rate hike from Japan’s central bank.
US spot Bitcoin ETFs attracted $730.87 million in daily inflows, with BlackRock’s IBIT contributing $454 million and pushing total BTC fund assets above $103.34 billion—equivalent to 6.32% of all Bitcoin in circulation. Ethereum ETFs gained $141.24 million, leading to $115.08 million in ETH short liquidations.
Zcash soars 2,300% on AI privacy demand and ETF inclusionZcash (ZEC) climbed 94% over the last 30 days and more than 2,300% in the past year, driven by a sharp short squeeze and renewed privacy concerns as artificial intelligence technology advances. CoinGlass reported $36.46 million in forced ZEC liquidations, nearly all from short positions, with open interest reaching $2.3 billion.
The introduction of OpenAI’s GPT-6 Astra model, which scored 98.6% on the ARC-AGI-3 benchmark and enables fully autonomous computer operation, sparked further investor attention. After AI agents were found to have made over 15,000 unauthorized edits to the DseWiki database in Germany, privacy-focused investors looked to Zcash’s zero-knowledge technology as a protective measure against automated surveillance.
In parallel, Nasdaq’s new 15% net asset value buffer rule allowed asset managers to buy ZEC for regulated multi-asset funds, further fueling the short squeeze.
Mini dictionary: Zero-knowledge technology refers to cryptographic protocols that allow one party to prove to another that a statement is true without revealing any information beyond the validity of the statement itself. Zcash employs this technology to provide enhanced privacy for blockchain transactions.
Institutional flows and industry restructuringSpot XRP ETFs continued their inflow streak to 11 sessions, accumulating a total of $1.68 billion, with $6.14 million added in a single day. Daily liquidations for XRP stayed modest at $11.39 million. RLUSD stablecoin supply on the XRP Ledger surpassed $1 billion, and the network received approval from the Bank for International Settlements to record official statistics.
On-chain data revealed large-scale Ethereum sales, with one institution selling 29,735 ETH valued at $72.1 million. Abraxas Capital maintained a $291.4 million short hedge on Hyperliquid, and Multicoin Capital transferred 150,000 HYPE tokens, worth $12.8 million, to Coinbase.
The sector also saw ongoing risk management and listing adjustments. After a $1.7 million exploit at Notional Finance, Binance placed AVA, GNS, SCR, and TOWNS under a Monitoring Tag, and announced the listing of MarsCoin (MARSCOIN) with a Seed Tag. KuCoin and Kraken are set to follow with their own reviews on September 7 and 11, respectively.
This period of explosive growth represents a shift toward maturity as major crypto assets like BTC, ETH, SOL, and XRP channel liquidity through regulated ETF products.
The bitcoin-to-gold ratio climbed above 18, its highest level since January, though analysts noted that historic ETF inflows often precede local corrections. September seasonality—dubbed “Rektember” by traders—is considered a significant risk ahead of the Federal Reserve’s policy meeting and the Senate’s CLARITY Act vote, both scheduled for the middle of the month.
Asset30-day Performance (%)1-year Performance (%)ETF Inflows (Latest, $ million)Zcash (ZEC)942,300Included in new ETF allocationXRPN/AN/A6.14 (daily), 1,680 (cumulative)Bitcoin (BTC)N/AN/A730.87 (daily), 454 from BlackRock IBITEthereum (ETH)N/AN/A141.24
A significant amount of Bitcoin linked to the 2026 Coldcard hardware wallet theft has surfaced after being dormant, as blockchain analytics provider Bitquery tracked the movement of 20.5 BTC through THORChain into Ethereum. This marks a notable development in the ongoing investigation into the high-profile crypto theft.
Coldcard theft funds make active cross-chain moveThe transfer began on September 2, when 20.49703196 BTC left a previously identified address associated with what Bitquery describes as “Wave 3” of the Coldcard incident. After passing through two fresh intermediary Bitcoin addresses—both emptied during the process—the funds started a complex journey involving cross-chain swaps.
Bitquery classified the source address as “reported,” indicating it is tied to the known case but falls short of their most-verified category. The identities of those controlling the funds remain unknown, leaving investigators without clear suspects.
The activity shifted the investigation from long-inactive stolen Bitcoin to an active cross-chain trail, as Bitquery tracked the coins moving from Bitcoin to Ethereum networks for the first time since the theft occurred.
Researchers have stated that, until this movement, most of the stolen Bitcoin had remained untouched for an extended period, further obscuring the origins and intentions of the individuals involved.
Traced Bitcoin funneled through THORChain swapsTHORChain, a decentralized cross-chain protocol enabling the swap of crypto assets between various blockchain networks, processed a series of 34 swaps on September 2 and 3. These operations transferred 20.45 BTC into the Ethereum network.
Bitquery’s full tracking registers a total of 20.69 BTC swapped across 36 operations, including two earlier swaps on August 2 worth 0.24 BTC in total. The bulk of the assets—20.15 BTC—found their way to a single Ethereum address via 26 swaps, while another 0.3 BTC ended up at a second address through eight additional swaps. Two further swaps from August directed funds to a third Ethereum address.
Records show THORChain swap memos specified the primary destination address for the September flows. When checked at 16:15 UTC on September 3, the main recipient Ethereum address contained approximately 649.5 ETH and had not shown any outgoing transactions. By 17:25 UTC, new activity reduced the balance by around 5 ETH, marking the first outbound transaction since receiving the funds.
Mini dictionary: THORChain is a decentralized liquidity protocol that allows users to swap assets across different blockchains without relying on centralized exchanges, providing cross-chain interoperability.
Swap DateTotal BTC SwappedNumber of SwapsMain Ethereum Address ETH ChangeSeptember 2-320.45 BTC34649.5 ETH to 644.5 ETHAugust 20.24 BTC2Separate addressMajority of stolen Bitcoin remains untouchedDespite the recent activity, most of the Bitcoin stolen in the Coldcard breach remains unmoved. At block 965,339, investigators reported that 1,402.59 BTC were still sitting in addresses identified as connected to the theft. Of these, 1,396.33 BTC had never left their original theft addresses, reinforcing the opacity around the ultimate disposition of the majority of stolen assets.
Blockchain datasets partition the Coldcard heist into several “waves” by block data. Waves 1 through 3 are tracked separately from a fourth wave involving 64.90373764 BTC. Bitquery and researchers at Galaxy Research caution that blockchain evidence alone cannot determine whether the thefts share a single perpetrator or group.
Galaxy Research, a digital asset and blockchain analytics firm, estimates the total loss from the Coldcard hardware wallet theft at over 1,700 BTC. The status of the main Ethereum address tied to September’s swaps remains under surveillance, with a balance of about 644.5 ETH, while the vast majority of the stolen Bitcoin remains classified as dormant.
Researchers including Galaxy Research maintain they cannot confirm whether individual or collective responsibility lies behind every wave of the Coldcard wallet theft, underscoring continued uncertainty for investigators.
Klienti BlackRock koupili v jedné transakci Bitcoin za zhruba 453,96 milionu USD. Během týdne od 17. do 25. srpna nakoupili celkem za 1,33 miliardy USD.
Institutional Bitcoin buying is no longer a novelty. It is now a line item on balance sheets managing trillions of dollars, and the latest figures from BlackRock make that point without any need for embellishment.
BlackRock clients purchased approximately $453.96 million worth of Bitcoin in a single transaction, continuing a pattern of institutional accumulation that has reshaped how traditional finance thinks about digital assets.
The numbers behind the move During the week of August 17 through 25, BlackRock clients bought a combined $1.33 billion in Bitcoin, marking the largest weekly total since October 2025.
The broader U.S. spot Bitcoin ETF market reflected the same momentum. Total inflows across all spot Bitcoin ETFs reached approximately $3.3 to $3.52 billion in August 2026. BlackRock’s iShares Bitcoin Trust, known by its ticker IBIT, captured the majority of those flows.
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IBIT currently holds around $59 to $60 billion in assets and routinely accounts for more than 75% of daily spot Bitcoin ETF inflows.
Bitcoin was trading around $78,000 during the period in question, providing the price context against which these dollar-denominated inflow figures were built.
How BlackRock actually does this BlackRock does not speculate on Bitcoin. The firm has been explicit about its operating model: it transacts in Bitcoin only when client demand for exposure is present. That demand is expressed through purchases of IBIT shares, and BlackRock then acquires the underlying Bitcoin to back those shares, using Coinbase Prime as its custody partner.
Since IBIT launched in January 2024, cumulative client buying through the vehicle has reached what BlackRock describes as tens of billions of dollars.
Tracking firms like Arkham Intelligence have been monitoring on-chain flows associated with BlackRock’s Bitcoin addresses, giving the market a near-real-time window into accumulation activity. The $453.96 million figure reflects that kind of granular institutional transparency.
What this signals for the market The concentration of inflows into IBIT specifically has competitive implications for the rest of the spot Bitcoin ETF field. IBIT’s asset base and daily volume dominance give it a self-reinforcing advantage, as institutional investors often prefer the most liquid vehicle in a category.
BlackRock has noted publicly that many of its clients are using Bitcoin as a diversification tool, adding an asset with low historical correlation to traditional stocks and bonds.
The prior comparable weekly inflow figure was in October 2025, suggesting these spikes in institutional buying tend to cluster around specific market conditions rather than running at a constant elevated rate.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
MMF uvedl, že růst bitcoinových rezerv Salvadoru od první revize financovaly soukromé dary, nikoli veřejné prostředky. Další akumulace nad rámec doložených darů se už nečeká.
The International Monetary Fund (IMF) says private donations, rather than public resources, have driven El Salvador’s Bitcoin (BTC) reserve growth since the first review.
The finding came alongside a staff-level agreement on El Salvador’s combined second and third program reviews. Approval by the Executive Board would release around $140 million.
IMF Expects No Further Bitcoin Accumulation Beyond Documented DonationsEl Salvador entered the 40-month Extended Fund Facility (EFF) in February 2025. The arrangement carries total access of roughly $1.4 billion, equal to 360% of the country’s quota at the fund.
Bitcoin has shadowed the program ever since. Earlier this year, falling prices cut the value of El Salvador’s Bitcoin holdings. The country’s credit default swaps climbed to a five-month high.
At the first review, completed on June 27, 2025, the Fund said public-sector Bitcoin holdings had not moved since the program began. Coins appearing in the Strategic Bitcoin Reserve Fund had been gathered from other state-held addresses.
The IMF said that it has now verified the source of coins added since the first review.
“Documentation has been provided verifying that Bitcoin accumulation since the first review reflects private donations and that no public resources were used,” the statement read.
No further accumulation beyond the documented donations is expected going forward.
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New Rules for Digital Assets and a Handover at ChivoMeanwhile, both sides also settled on plans to modernize the legal, regulatory, and supervisory framework for digital assets. They agreed to tighten oversight and risk controls on the crypto that the public sector holds.
Public involvement in the Chivo e-wallet has been substantially unwound. A private operator took majority ownership and day-to-day control.
The state retained a small stake and continues to safeguard customer assets. Staff added that Work is also underway to improve the transparency of Bitcoin held across its various wallets.
Mr. Torres, Mission Chief for El Salvador, projected real gross domestic product (GDP) growth of 4.5% in 2026, helped by investment, consumption, remittances, and tourism. The non-financial public sector primary surplus should widen from 2.9% of GDP this year to 3.7% in 2027.
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Pocket Bitcoin uvedl, že bezpečnostní incident zasáhl 5 411 zákazníků a odhalil osobní i finanční údaje. Firma tvrdí, že její hlavní databáze, privátní klíče ani bitcoiny zákazníků nebyly dotčeny.
Pocket Bitcoin said on Sept. 3 that its August security incident exposed additional personal and financial information involving 5,411 customers, expanding the scope described in its initial disclosure.
Summary
Pocket Bitcoin confirmed that two exposed data groups contained records involving 5,411 customers in total. Bank transaction lists exposed names, addresses, transfer amounts, dates and sometimes customer IBAN account numbers. Another 291 customers faced possible exposure of identity documents, Bitcoin addresses and sensitive funding records. Pocket said its customer databases, transaction systems, private keys and customer Bitcoin remained directly unaffected. Authorities in Switzerland and Liechtenstein received notifications, while Pocket also formally filed a police report. The Swiss Bitcoin services provider identified two distinct groups after completing its forensic investigation. One contained bank transaction information involving 5,120 customers. The other covered correspondence containing potentially more sensitive records from 291 customers.
Pocket Bitcoin breach exposed two data groups The larger group consisted of transaction lists that partner banks sent to Pocket Bitcoin during compliance checks. Those lists contained customer names, residential addresses, transfer amounts and transaction dates. Some also included the IBAN connected to a transfer.
⚠️ Update zum Sicherheitsvorfall bei Pocket Bitcoin
Unsere Untersuchung ist abgeschlossen.
Dabei hat sich gezeigt, dass in einzelnen Fällen weitere Daten betroffen sind als in unserem ersten Beitrag beschrieben.
Wir haben dazu zwei betroffene Gruppen identifiziert. https://t.co/XASbu1wTQH
— PocketBitcoin.com 🏦👉🔑 (@PocketBitcoin) September 3, 2026 The smaller group involved correspondence Pocket Bitcoin sent to partner banks. Depending on the customer, the exposed material included names, postal addresses, public Bitcoin addresses, identity document copies and source-of-funds records.
The company said the information appeared in different combinations, meaning every customer in the 291-person group did not necessarily have every listed data type exposed. Pocket Bitcoin has contacted affected customers individually with details about their cases.
The two groups cover 5,411 customers combined. Other customers may have had email addresses or support conversations exposed under the company’s original disclosure, but Pocket said those without a new personal notification should continue relying on that initial notice.
Core databases and customer Bitcoin were unaffected Pocket Bitcoin said attackers did not compromise its main customer or transaction databases. Instead, the records came from correspondence and bank-generated lists stored in a copied backup within the affected support system.
This distinction explains why data resembling transaction and identity records was exposed even though the underlying databases remained secure. The affected support material contained copies of information produced or received during regulatory compliance procedures.
Pocket Bitcoin operates as a noncustodial service and does not hold customers’ private keys. The company said Bitcoin balances were never accessible to the attacker, while buying and selling services continue to operate normally.
A disclosed Bitcoin address cannot authorize a transfer. However, linking a public address to a customer’s identity may allow another person to inspect its visible blockchain activity. Pocket noted that moving Bitcoin cannot erase the address’s existing transaction history.
Exposed records create physical phishing risks Pocket Bitcoin said it currently has no indication that the exposed information has been misused. That statement reflects information available after its investigation and does not guarantee that misuse will not occur later.
“As things stand, we have no indication that any of the affected information has been misused,” Pocket Bitcoin said.
The company identified forged letters and other physical communications as particular risks because names and postal addresses were included. A fraudster could refer to a genuine bank transfer or Bitcoin transaction to make an impersonation attempt appear credible.
Email addresses and login credentials were not linked to the two newly identified data groups, according to Pocket Bitcoin. The company therefore said it does not see a direct targeted email-phishing risk arising specifically from those records.
The incident follows several disclosures involving customer information held outside core crypto systems. As crypto.news reported, three recent breaches exposed 253,487 records, raising concerns that residential and transaction data could support phishing or physical targeting years later.
A separate August incident at Bits of Gold potentially exposed customer identity, banking and wallet information through a third-party system. That investigation similarly found that customer funds and passwords remained unaffected.
Pocket Bitcoin notified regulators and police Pocket Bitcoin reported the incident to Switzerland’s Federal Data Protection and Information Commissioner and Liechtenstein’s Data Protection Office. It also filed a police report but did not identify the suspected attacker or provide details about the investigation.
The company said the vulnerability behind the incident has been closed and additional safeguards have been installed. It is reviewing how bank correspondence and related compliance records are stored and transferred.
Pocket expects to publish more information about those changes in the coming weeks. It does not expect to identify further exposure categories, although it said it would notify customers if later findings changed that assessment.
Affected users should monitor bank activity and treat unexpected letters, calls or messages cautiously. Pocket Bitcoin said it will never ask customers to disclose a seed phrase or transfer Bitcoin through an unsolicited telephone call or letter.
US-listed spot Bitcoin exchange-traded funds (ETFs) notched their biggest inflows in nearly eight months as BTC reclaimed $80,000.
Bitcoin ETFs recorded $730.9 million in net inflows on Thursday, the largest daily haul since Jan. 14, when the funds attracted $843.6 million, according to SoSoValue data.
The surge followed $101.2 million inflows on Wednesday and came as Bitcoin reclaimed the $80,000 level after trading in a range between roughly $76,000 and $81,000 this week, according to CoinGecko.
Despite the spike in ETF inflows, CryptoQuant remained cautious about Bitcoin’s rally, citing weaker spot demand and heavy short covering as $83,000 emerges as a key bull market threshold.
BlackRock’s IBIT draws $454 million in a dayBlackRock’s iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by net assets, led Thursday’s buying with $454 million in inflows, accounting for about 62% of the total, according to Farside Investors data.
While total spot Bitcoin ETF inflows reached their highest level since January, IBIT alone drew a larger $503 million inflow as recently as Aug. 20.
Daily US spot Bitcoin ETF flows since Tuesday. Source: Farside Investors
ARK Invest and 21Shares’ ARK 21Shares Bitcoin ETF (ARKB) followed with $137.7 million, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) drew $74.4 million.
VanEck’s Bitcoin ETF (HODL) and WisdomTree’s Bitcoin Fund (BTCW) were the only funds to record outflows on Thursday, at $19.6 million and $5.2 million, respectively.
Bitcoin rally still needs fresh buyersBitcoin’s recent rally was driven largely by traders closing short positions rather than opening new long positions, pointing to limited fresh buying demand, CryptoQuant said in a Thursday report shared with Cointelegraph.
The report mentioned that Bitcoin holders realized 23,000 BTC in net profits on Aug. 21, the highest daily amount this year, and about 110,000 BTC in total since Aug. 19, reflecting substantial profit-taking during the rally.
According to CryptoQuant, Bitcoin’s next major test sits around its 365-day moving average, which CryptoQuant placed at roughly $82,300.
Source: CryptoQuant
The company said the moving average has historically marked the divide between Bitcoin bull and bear markets, with Bitcoin reaching $81,400 on Aug. 28 before retreating below the threshold.
“A decisive close above $83K would confirm the new bull market,” CryptoQuant said, while a rejection could trigger a pullback toward the 200-day moving average near $69,000.
Magazine: Bitget CEO isn’t buying the Bitcoin rally — She’s waiting for $50K
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Hargreaves Lansdown zpřístupnil oprávněným klientům devět bitcoinových a etherových ETN prostřednictvím služby Advanced Investing. Přístup podléhá prověrkám, 24hodinové čekací době a dalším kontrolám.
Hargreaves Lansdown opened access to nine Bitcoin and Ether exchange-traded notes on Sept. 3, bringing regulated cryptocurrency exposure to eligible users of the United Kingdom’s largest retail investment platform.
Summary
Hargreaves Lansdown added nine Bitcoin and Ether ETNs for eligible users through Advanced Investing service. Approximately two million platform clients may access products after successfully completing required investor protection checks. Investors must self-certify, pass an appropriateness assessment, and complete a 24-hour cooling-off period before access. The FCA reopened eligible crypto ETNs to retail investors in October 2025 under safeguards nationally. Crypto ETNs track asset prices without giving investors direct ownership of Bitcoin or Ether themselves. The products come from BlackRock’s iShares, WisdomTree, 21Shares, Invesco, CoinShares and Bitwise, according to a Financial Times report. The issuers charge annual product fees ranging from 0% to 0.35%.
UK’s Largest Investment Platform Hargreaves Lansdown Opens Bitcoin and Ether ETNs to 2 Million Investors
According to the FT, the UK’s largest investment platform, Hargreaves Lansdown (HL), will open crypto ETN trading to its approximately 2 million investors from September 3,… pic.twitter.com/a37mVTK3ex
— Wu Blockchain (@WuBlockchain) September 3, 2026 Hargreaves Lansdown serves approximately two million investors. However, the crypto ETNs are only available through its Advanced Investing service and are not automatically accessible to every customer.
Hargreaves Lansdown adds crypto after long delay The launch comes almost 11 months after the Financial Conduct Authority ended its four-year restriction on retail access to qualifying crypto ETNs. Other major British investment platforms had already introduced the products.
Hargreaves Lansdown initially adopted a more cautious position. In October 2025, the platform told investors that “Bitcoin is not an asset class,” while acknowledging that some customers might still want speculative exposure.
Doug Abbott, Hargreaves Lansdown’s chief product officer, said the platform delayed its launch to ensure client testing and safeguards were properly designed. He said customers should understand the products and encounter the “right level of friction” before investing.
The company’s current crypto ETN page warns that the instruments are volatile and high risk. It says investors could lose all the money they commit.
Investors face eligibility checks and a waiting period Customers must first self-certify as advanced investors. They must then complete an online appropriateness assessment designed to test whether they understand the products and associated risks.
Eligible customers must also complete a 24-hour cooling-off period before viewing the available ETNs. They need either a Fund and Share Account or a self-invested personal pension to buy, hold or sell the instruments.
Hargreaves Lansdown charges a 0.35% annual platform fee for holding crypto ETNs, capped at £12.50 per month. Dealing charges range from £3.95 to £6.95, depending on the customer’s trading frequency. These charges are separate from each product’s management fee.
The notes trade during London Stock Exchange market hours. They do not provide continuous 24-hour trading like cryptocurrency exchanges.
Crypto ETNs provide exposure without direct ownership Crypto ETNs are listed financial instruments designed to follow the price of an underlying digital asset. Investors purchase a note issued by a financial institution rather than buying Bitcoin or Ether directly.
The issuer arranges custody of the underlying cryptocurrency. Customers therefore do not control private keys, manage wallets or withdraw the digital assets represented by their investment.
This structure introduces risks that differ from direct cryptocurrency ownership. Investors depend on the issuer, custodian, trading venue and investment platform. Product fees and market spreads may also cause returns to differ from movements in the underlying asset.
Crypto.news previously reported that BlackRock listed its Bitcoin product on the London Stock Exchange after the retail restrictions changed. The listing was among several products introduced as regulated providers prepared for wider individual access.
FCA rules restrict how platforms offer crypto ETNs The FCA lifted its retail prohibition on qualifying crypto ETNs on Oct. 8, 2025. Products must appear on the regulator’s Official List and trade through a recognized U.K. investment exchange.
The regulator classifies the products as restricted mass-market investments. Its official guidance requires appropriateness assessments, customer categorization, cooling-off periods and prominent risk warnings.
Platforms cannot offer incentives encouraging customers to invest. They must also identify an appropriate target market and take reasonable measures to prevent foreseeable consumer harm.
As crypto.news reported when the policy was announced, the FCA reopened retail access while keeping crypto derivatives prohibited. The regulator said investors would not receive the same protections available for conventional regulated investments.
Demand remains an open question Hargreaves Lansdown said it had received a consistent level of customer enquiries about crypto ETNs, particularly from experienced investors. That interest has not yet established how many eligible clients will invest.
Other platforms have described British retail uptake as modest. Restrictions preventing newly purchased crypto ETNs from being held in conventional stocks-and-shares ISAs may also limit demand.
The launch nevertheless gives Hargreaves Lansdown customers a regulated route to Bitcoin and Ether price exposure without opening an exchange account. Future adoption will depend on investor demand, cryptocurrency prices and whether the available product range expands.
Kalshi rozšířila CFTC-regulované perpetual futures o BNB, ADA, WLD, AAVE a Venice Token (VVV). Produkty běží pod značkou American Perpetuals a vypořádávají se v USD.
Kalshi prediction market has expanded its perpetual futures (perps) offerings to include BNB, Cardano (ADA), and AAVE. The platform shows perpetual contracts for AI altcoins such as Worldcoin (WLD) and Venice Token (VVV) are also live for trading after approval from the US CFTC.
BNB, ADA, WLD, AAVE & Venice Token Perps Trading Goes Live on Kalshi Kalshi has added BNB, ADA, AAVE, WLD, and VVV to its line of US CFTC-regulated perpetual contracts. The products debuted under the trademark “American Perpetuals,” which aims to offer CFTC-regulated perpetual futures contracts for trading in the United States.
Notably, the prediction market platform filed for these perpetual futures with the CFTC last week. The max leverage varies by crypto asset, such as 4.5x for BNB and 1.9x for Venice Token.
Kalshi now offers perpetuals trading for Bitcoin and 17 altcoins such as ETH, XRP, SOL, HYPE, and Zcash. Notably, the perpetuals are CFTC-regulated, don’t have an expiration date, and settle in USD.
As CoinGape reported earlier, Kalshi last launched Zcash (ZEC), Near Protocol (NEAR), Dogecoin (DOGE), and Shiba Inu (SHIB) perps. However, approvals for XLM, DOT, and HBAR are still pending with the US CFTC.
The approvals came despite CME Group’s lawsuit against the US CFTC and Chairman Mike Selig, alleging these contracts are swaps. This week, the CFTC filed a motion to dismiss the CME lawsuit, arguing the exchange lacks standing on its competitive-injury claims.
BNB, ADA, WLD, AAVE and Venice Token Perps. Source: Kalshi
Prices Rebound amid More Perpetual Futures Approval by CFTC BNB price jumped more than 5% to $729 amid broader crypto market recovery. The price is currently trading around $723, with a massive 83% rise in trading volume in the last 24 hours.
ADA price has skyrocketed almost 10% to $0.222 as RealFi sets October 1 mainnet launch. Cardano price outlook shows further upside to $0.28.
Meanwhile, AAVE, WLD, and VVV prices also jumped higher as the US Treasury bought back $12.5 billion of debt in its latest Treasury buyback operation.
If you’re looking to explore prediction markets amid the dip in the crypto market, check out these best crypto prediction markets of 2026.
BlackRockův spotový Bitcoin ETF IBIT v denním obchodování vyskočil téměř o 6 % díky zhruba 300 milionům USD čistých přílivů. Fond tak dál dominuje americké kategorii spotových Bitcoin ETF.
BlackRock’s iShares Bitcoin Trust (IBIT) surged nearly 6% on the day, fueled by roughly $300 million in daily net inflows.
The numbers behind the dominance On August 27, the fund pulled in $277.6 million in net inflows, a figure that actually exceeded the entire US spot Bitcoin ETF category’s net inflow of $242 million for that same day. That math only works because competing funds experienced outflows, meaning IBIT was not just winning the race but lapping the field while other runners stumbled backward.
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The pattern repeated on September 2, when IBIT attracted $115.4 million. That came a day after the broader category posted a $236.5 million outflow, making the rebound even more notable. The category’s total for September 2 landed at $101.1 million in net inflows, with IBIT doing more than all the heavy lifting.
August as a whole was a strong month across the board, with total category inflows reaching approximately $3.5 billion. IBIT captured somewhere between 70% and 90% of total flows during peak periods.
The fund’s assets under management now sit at an estimated $60 billion, with cumulative net inflows since its January 2024 launch exceeding $63 billion. The entire US spot Bitcoin ETF category’s AUM has approached $97 billion to $100 billion, meaning IBIT alone accounts for roughly 60% of the whole pie.
Why BlackRock keeps winning BlackRock manages over $10 trillion across its platform. Competitors like Fidelity’s FBTC and Ark 21Shares’ ARKB have attracted meaningful flows of their own, but neither has come close to challenging IBIT’s dominance on a sustained basis.
What this means for Bitcoin and crypto markets Bitcoin’s price has been hovering in the mid-to-high $70,000s during this period, and the sustained ETF inflows provide a structural demand floor that did not exist in prior market cycles. Before January 2024, institutional investors who wanted Bitcoin exposure had to navigate custody solutions, futures contracts, or trust vehicles trading at persistent premiums or discounts to net asset value.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
ProCap Financial just sold 50 Bitcoin to buy back more than 2% of its outstanding shares at roughly a 40% discount to net asset value. The company now holds approximately 5,305 BTC, making it one of the larger publicly traded Bitcoin treasury firms on the Nasdaq.
When a company’s stock trades at a 40% discount to the value of the assets backing it, every dollar spent on buybacks effectively acquires $1.67 worth of Bitcoin exposure. For remaining shareholders, each share now represents a bigger slice of the company’s Bitcoin pile.
The buyback playbook This isn’t ProCap’s first time running this particular play. Back on June 1, 2026, the company sold roughly 52 BTC to fund a repurchase of 2 million shares, that time at an even steeper discount of approximately 50% to NAV.
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The pattern is deliberate. ProCap has a board-approved share repurchase program, authorized in December 2025, with a budget of up to $100 million. The company has been executing buybacks at discounts ranging from 25% to 35% throughout 2026, with this latest round and the June transaction representing the more aggressive end of that spectrum.
After the latest transaction, ProCap’s shares outstanding sit at 86,764,282, with a NAV per share of roughly $3.71 as of the market close on September 2, 2026. The company’s Bitcoin holdings have fluctuated between approximately 5,000 and 5,457 BTC during 2026.
How ProCap got here ProCap Financial, trading under the ticker BRR on the Nasdaq, went public in 2025 through a SPAC merger. The company raised more than $750 million to establish its Bitcoin treasury, including $516.5 million in preferred equity and $235 million in convertible instruments. The target was to build a treasury of up to $1 billion in Bitcoin holdings.
The firm was founded by Anthony Pompliano. Beyond its Bitcoin treasury strategy, ProCap operates an AI-based financial platform called Silvia.
What the discount arbitrage means for investors Every time the company executes one of these trades, it slightly reduces its total Bitcoin holdings but increases the Bitcoin backing per remaining share. The $100 million repurchase authorization gives ProCap significant runway to continue this strategy.
The risk is that ProCap is selling Bitcoin to fund these buybacks. The 50 BTC sold in this latest transaction represents less than 1% of the total treasury. The company’s holdings have already dipped from a 2026 peak near 5,457 BTC down to the current 5,305.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin ETF se ve středu vrátily k čistým přílivům ve výši 101,15 milionu USD, zatímco spotové Ethereum ETF skončily s čistým odlivem 48,08 milionu USD a XRP ETF s odlivem 7,2 milionu USD.
In brief Spot Ethereum ETFs posted $48.08 million in net outflows Wednesday, ending a 12-day inflow streak that had pulled in $1.62 billion. Spot XRP ETFs recorded $7.2 million in outflows, snapping an 11-session run that brought in roughly $170 million and pushed cumulative inflows to $1.68 billion. Bitcoin ETFs rebounded with $101.15 million in net inflows, a day after posting $236.5 million in outflows, their largest single-day exit since July 31. US spot Ethereum and XRP ETFs broke their winning streaks on Wednesday. Bitcoin funds went the other way, pulling in $101.15 million in fresh money, per SoSoValue and Decrypt data.
ETFs, or exchange-traded funds, are funds that trade like stocks and let investors buy exposure to a cryptocurrency's price through a regular brokerage account instead of holding the coin itself. Crypto ETFs have been extremely popular among investors, and market observers keep a close eye on the money going in and out of these funds as a key indicator of current sentiment.
Bitcoin ETF Net Flows. Image: DecryptEthereum ETFs had logged 12 straight days of net inflows, meaning more money came into the funds than left them every single day for two and a half weeks. That streak gathered $1.62 billion before ending Wednesday with $48.08 million walking out the door.
BlackRock's iShares Ethereum Trust (ETHA) led the exodus with $53.4 million in outflows. Fidelity's FETH lost $26.2 million, and Grayscale's Ethereum Staking ETF (ETHE) shed $23.5 million. BlackRock's staked Ethereum ETF, ETHB—a fund that locks up its Ethereum to earn network rewards and passes some of that yield to shareholders—absorbed part of the damage with $52.9 million in inflows.
Ethereum ETF Net Flows. Image: DecryptXRP told a similar story on a smaller scale. Its 11-session streak had brought in about $170 million, lifting cumulative inflows to $1.68 billion, before Wednesday's $7.2 million outflow. The withdrawal came almost entirely from Bitwise's XRP fund, while the four other XRP products, issued by Franklin, Canary, 21Shares and Grayscale, recorded no flows either way.
Bitcoin moved in the opposite direction. Wednesday's $101.15 million inflow reversed Tuesday's $236.5 million outflow, the category's largest single-day exit since July 31, when BlackRock's IBIT alone accounted for 85% of the damage. This time IBIT led the comeback, pulling in $115.45 million on its own, more than the day's entire net total, while Grayscale's original GBTC fund still lost $56.21 million.
The whiplash caps a volatile stretch. Bitcoin ETFs pulled in $3.52 billion in August, their best month of 2026, a run that included a $606 million single-day haul in mid-August, the biggest since May. Total net assets across the category now sit at $97.22 billion, with cumulative inflows near $54.7 billion since the funds launched in January 2024.
XRP ETF Net Flows. Image: DecryptSeptember has a habit of testing that momentum. Bitcoin has closed the month lower in eight of the past 13 years, a pattern Decrypt has tracked as Red September, and this year's version arrives with the Federal Reserve's rate decision landing September 15 to 16, the first hike debate since the central bank's 2022-2023 tightening cycle
Why the money picked BitcoinWednesday's split wasn't just Ethereum and XRP losing steam. Solana ETFs also posted a $6.13 million outflow the same day, meaning three of the four major crypto ETF categories retreated while only Bitcoin advanced. That's a narrower signal than "crypto is cooling"—it looks more like capital consolidating into Bitcoin specifically rather than spreading across digital assets broadly, a pattern that also showed up during last month's institutional buying spree.
In the most overly simplistic explanation, Bitcoin is the bigger, thus safer asset in the ecosystem.
Myriad: Bitcoin's next price move? Click to make your prediction.Another thing to consider comes with simple market expectation. Ethereum and XRP had each just run their longest inflow streaks in months, 12 and 11 sessions respectively, so a pause to lock in gains was overdue on both. Bitcoin, by contrast, was coming off Tuesday's outflow and had room to bounce.
The rest is macro nerves. Fed Chair Kevin Warsh's hawkish Jackson Hole remarks pushed September rate-hike odds above 60% on the CME's FedWatch tool, and when crypto investors get defensive, Bitcoin is typically the first asset they buy back into and the last one they exit, since it carries the deepest liquidity and the longest institutional track record of any crypto ETF on the market. XRP and Ethereum, both newer and thinner by comparison, tend to see that caution show up as outflows first.
The simplest explanation tends to be the right one.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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Strive Inc. (ticker: ASST) held 23,156 BTC as of August 28, positioning it among the top five publicly traded Bitcoin holders globally. CEO Matt Cole has signaled that the company could push well past 27,000 BTC before the year closes out.
From 5,000 to 23,000 BTC in under a year In fall 2025, the company held roughly 5,000 BTC. By June 2026, that figure had crossed 20,000, vaulting Strive into the top five among public companies.
During the last week of August alone, Strive scooped up 1,800 BTC for approximately $143 million.
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The firm came into existence through a reverse merger with Asset Entities and the acquisition of Semler Scientific, a combination that gave it both a public listing and a clear mandate: accumulate Bitcoin.
The financing trick that makes it work Rather than taking on debt or diluting common shareholders through secondary offerings, the company uses its Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA.
By June 2026, Strive had expanded SATA’s capacity by $4.2 billion. The result is a balance sheet that carries zero debt while maintaining ample reserves for preferred stock dividends.
TD Cowen raised its year-end BTC forecast for Strive to 27,156, reflecting confidence in the firm’s treasury trajectory, and analysts there have also bumped up their stock price targets accordingly.
Cole’s thesis: Bitcoin’s strongest cycle yet Matt Cole has described the current market environment as potentially Bitcoin’s strongest cycle to date, pointing to structural demand for scarce assets amid persistent inflationary pressures.
The risks are real. Bitcoin’s price could decline substantially, leaving Strive holding a depreciating asset while still owing preferred dividends.
With 23,156 BTC already on the books and a stated target that implies acquiring another 4,000 or more coins before December, Strive is making one of the largest concentrated bets on Bitcoin in corporate history.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sberbank očekává, že nově legalizovaný ruský kryptotrh zpracuje v prvním roce asi 3,5 až 4 biliony rublů, tedy zhruba 46 miliard USD. Na regulovaných platformách mají být zpočátku jen Bitcoin, Ethereum a USDT.
Russia’s largest bank has issued a cautious but sizable outlook for the country’s newly legalized cryptocurrency market. Sberbank Deputy Chairman Anatoly Popov said licensed trading platforms could handle roughly 3.5 trillion to 4 trillion rubles—about $46 billion—during the first 12 months after the rules take effect on September 1.
That figure is framed as conservative: analysts at SberCIB Investment Research expect only about one-fifth of existing activity to move onto regulated venues at first.
The baseline comes from Finance Ministry figures from February, which put daily crypto transactions in Russia near 50 billion rubles, or roughly 18 trillion rubles on an annualized basis.
Most of that flow still travels through peer-to-peer channels, unregistered services, and offshore platforms.
Popov noted that a large share of deals is likely to remain outside the official exchange system even after legalization, because professional market participants have until July 1, 2027, to obtain the necessary licenses.
The market therefore will not be fully built out in year one.
The new framework lets investors buy crypto assets through licensed brokers rather than informal routes.
Retail, or non-qualified, investors face a tight annual cap of 300,000 rubles (around $3,800) through a single intermediary and must first pass a risk-awareness test.
Qualified investors can go up to 3 million rubles (about $38,000) a year. Official venues are expected to start with a narrow list of assets—Bitcoin, Ethereum, and USDT—while other tokens stay off the regulated boards for now.
Payments in crypto for goods and services inside Russia remain prohibited.Sberbank’s longer-term path assumes gradual migration toward official rails.
Regulated volume could rise to 4.75–5.25 trillion rubles by 2028 and reach about 7.5 trillion rubles, or roughly $87 billion, by 2029 as more participants complete licensing and investors grow more comfortable with the supervised system.
The bank itself has been preparing infrastructure, including plans for trading tools and a digital depository, so it can serve clients once the rules are live.
The forecast highlights a dual-track market: a visible, capped, licensed segment sitting beside a much larger informal one.
Whether the official slice grows faster than the conservative 20 percent starting share will depend on how quickly brokers and exchanges finish registration, how attractive the limited product set proves, and whether retail limits stay in place. For now, Sberbank’s numbers treat the first year as a measured opening rather than an overnight shift of the entire 18-trillion-ruble activity base.
Standard Chartered rozšířila v SAE své regulované služby o spotové obchodování s Bitcoinem a Ethereem pro institucionální klienty. Tvrdí, že je první G-SIB a jedinou globální bankou v regionu s touto nabídkou.
Standard Chartered has expanded its regulated digital asset business in the United Arab Emirates (UAE) with spot Bitcoin and Ethereum trading for institutional clients, adding the service to a regional crypto offering that already includes custody.
The London-headquartered bank introduced digital asset custody in the UAE in September 2024. In June 2026, it followed with a banking agreement allowing CoinMENA to use Standard Chartered for fiat on- and off-ramps, client money accounts and transaction management through virtual accounts.
The bank is providing the new service through Standard Chartered DIFC, an entity regulated by the Dubai Financial Services Authority (DFSA).
Institutional Clients Gain Spot Crypto Access Eligible institutions can access spot Bitcoin (BTC) and Ethereum (ETH) trading through electronic trading channels integrated into Standard Chartered’s existing platforms.
Standard Chartered said Thursday that it is the first Global Systemically Important Bank (G-SIB) to offer the capability in the UAE and the only global bank currently providing institutional digital asset spot trading in the region.
Other Platforms Seek UAE Crypto Approvals The launch comes amid broader efforts by cryptocurrency and trading businesses to secure regulatory authorization for digital asset products in the UAE.
Capital.com disclosed plans in August to provide spot crypto services to UAE clients after its affiliate, Capital Vault UAE, obtained a virtual-asset licence from the country’s Capital Market Authority (CMA).
Revolut also moved to expand its crypto services in July, when the neobank received in-principle approval from Dubai’s Virtual Assets Regulatory Authority to provide crypto-related services in the UAE.
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.
The Commodity Futures Trading Commission is seeking to dismiss CME’s lawsuit challenging the agency’s approval of Kalshi’s Bitcoin perpetual futures in May.
According to a Sept. 2 filing shared by Jake Chervinsky, CEO of Hyperliquid Policy Center, the CFTC called the suit “much ado about nothing,” arguing that CME lacks standing and has not presented a viable legal claim.
The agency said CME has not identified any restriction preventing it from offering the same type of perpetual futures, making the lawsuit an attempt to challenge the CFTC’s regulatory classification rather than an actual competitive injury.
The CFTC also defended its decision to classify the products as futures rather than swaps, arguing that “perpetual futures are futures.”
The agency said CME’s core objection is not that the agency lacks authority to approve the contracts, but that it disagrees with how the products were legally classified. It added that CME has failed to show any concrete harm from Kalshi’s contracts.
CME Group has sued the CFTC over the regulator’s decision to let Kalshi offer Bitcoin perpetual futures, setting up a major clash over whether prediction markets can expand into products traditionally offered by derivatives exchanges.
Perps contracts let traders maintain leveraged positions on crypto prices indefinitely because they have no expiration date. The CME argues that the CFTC’s approval violated the Commodity Exchange Act and Dodd-Frank by allowing Kalshi to offer a product that does not meet the traditional characteristics of a futures contract.
CME said the agency’s decision was issued without public comment or reasoned decision-making and has caused “textbook competitive injury” by allowing Kalshi to compete directly for customers in the crypto derivatives market. Kalshi has since brought numerous crypto perpetuals to market.
The CFTC has rejected the challenge, calling it “frivolous” and accusing CME of fighting the administration’s pro-innovation agenda, while Kalshi said CME is simply afraid of competition.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Coinbase spustila pro způsobilé kanadské obchodníky regulované derivátové kontrakty na Bitcoin, Ether a Solanu. Nabízí až 10násobnou páku a upozorňuje na riziko ztrát přesahujících počáteční investici.
Coinbase launched regulated derivatives contracts for eligible Canadian traders on September 2, giving users access to crypto, commodity and index futures through Coinbase Financial Markets. The company announcement lists 23 perpetual and dated crypto futures, including contracts tied to Bitcoin, Ether and Solana. Coinbase said the rollout makes it the first major crypto-native platform to offer direct native crypto futures in Canada.
The initial lineup combines perpetual-style and dated contracts. Coinbase is also offering five commodity futures linked to markets including gold, silver and oil, plus index futures such as COIN50. Access is limited to customers who meet the platform’s eligibility requirements.
Coinbase describes the contracts as nano-sized, which reduces the capital needed for each position relative to larger contract formats. Eligible traders can take long or short positions with leverage of up to 10 times. That leverage can magnify losses as well as gains, and the company warns that futures trading may not suit every investor.
CFM Provides the Regulated Route The contracts are offered by Coinbase Financial Markets, a futures commission merchant registered with the U.S. Commodity Futures Trading Commission and a member of the National Futures Association. Coinbase previously secured U.S. authorization for crypto futures sales through its regulated broker, providing the structure now used for eligible Canadian customers.
Product Mix Extends Beyond Crypto Combining crypto, commodities and an index in one derivatives menu broadens the launch beyond directional bets on individual tokens. It also gives users several instruments for hedging, although the announcement does not say that every Canadian Coinbase customer will qualify. Availability depends on the platform’s assessment and product rules.
The rollout also builds on Coinbase’s wider derivatives infrastructure. Its futures business has previously worked with Nodal Clear to introduce USDC as collateral in U.S. futures markets.
Launch Pricing Comes With Risk Warnings Coinbase set introductory pricing at 0.02% per trade plus $0.11 per contract for eligible Canadian traders, describing the terms as temporary. The company did not specify an end date for the launch offer.
The announcement emphasizes that leverage can cause losses exceeding the initial investment. The launch therefore expands regulated product choice in Canada without removing the market, liquidation and leverage risks attached to derivatives. Traders must still pass Coinbase’s eligibility process before using the contracts.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
CEO společnosti Strategy Phong Le řekl, že nedávný prodej Bitcoinu byl správným krokem k posílení bilance a že další prodeje neočekává. Firma po desetitýdenní pauze znovu nakupuje Bitcoin.
Strategy CEO Phong Le addressed concerns regarding the company’s recent sale of bitcoin, stating that the decision was made to reinforce the firm’s balance sheet. Le described the sale as “the right trade at the time” and emphasized that Strategy is now in a strong financial position.
Bitcoin sales and renewed accumulationStrategy, which holds the largest bitcoin treasury among publicly traded companies, resumed purchasing bitcoin on Monday after pausing for 10 weeks. During this pause that began in June, the company sold a small portion of its bitcoin holdings and focused on building two cash reserves.
Le explained that the company’s decision process does not revolve around bitcoin’s price movements. “We don’t really make decisions specifically on bitcoin’s price,” he stated. He further clarified that the company is fundamentally a “net accumulator,” and sales arise from capital management considerations, rather than speculation or trading objectives.
Strategy CEO Phong Le explained that, “We’re a net accumulator, and so I don’t sit around and say, ‘Well, when am I going to sell Bitcoin next?’ It comes down to a bit of a capital management mathematical equation of when we would do it.”
Le said he does not expect further sales as the company anticipates a strong bull market in the near future.
Strategy’s business model and bitcoin treasuryOriginally known as MicroStrategy, Strategy is an enterprise software firm that pivoted to a bitcoin-focused treasury in 2020. The company initially moved into bitcoin as an inflation hedge for its shareholders and has since become the largest corporate holder of the asset, now managing 845,050 bitcoins valued at $65.1 billion at current prices.
The company’s shares, listed on Nasdaq under the ticker MSTR, enable investors to gain increased exposure to bitcoin’s price movements through traditional equity markets.
Earlier this year, Strategy repurchased some of its preferred stock (STRC) at a discount and increased its dollar reserves, aiming to bolster its overall financial liquidity.
Mini dictionary: STRC, Strategy’s preferred stock, is a class of shares that generally offers priority for dividends and assets over common shares, but with restricted voting rights.
Despite this financial repositioning, Strategy reported a paper loss of $8.22 billion in its July quarterly earnings. Le dismissed the significance of the current accounting loss, characterizing the company’s position as robust and noting confidence in the future.
Phong Le drew a parallel to major financial institutions, stating, “We’re the J.P. Morgan of the crypto economy, so whether we sell 1,000 Bitcoin out of 840,000 to me is irrelevant to the conversation.”
Stock performanceStrategy stock traded 2% lower on Wednesday. Since the start of the year, MSTR has declined 22%.
Open-weight model Kimi K3 od společnosti Moonshot AI při auditu 501 bitcoinových projektů našel 7 958 možných zranitelností, z toho 1 280 s vysokou nebo kritickou závažností, a překonal ostatní testované open-weight modely. Největším nálezem byl kritický bypass dvoufaktorového ověření (2FA) ve verzi BTCPay Server 2.4.2, který už byl zneužit k získání přihlašovacích údajů Lightning peněženky.
A volunteer group called the Bitcoin Red Team just ran one of the most ambitious automated security audits the crypto ecosystem has ever seen. Their weapon of choice: Kimi K3, an open-weight AI model built by China’s Moonshot AI. Over roughly 108 hours, the model catalogued 7,958 potential security findings across 501 Bitcoin-related open-source projects, with 1,280 of those rated high or critical severity.
Kimi K3 outperformed every other open-weight model tested, including Zhipu’s GLM-5.2, in standardized vulnerability detection benchmarks.
What the audit actually found Of the 7,958 potential issues flagged by Kimi K3, only 24.7% could be dynamically reproduced. At the time of reporting, 29.4% of the findings had been communicated upstream to the affected projects.
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The most consequential discovery was a critical two-factor authentication bypass in BTCPay Server version 2.4.2. The vulnerability had already been exploited to extract Lightning wallet credentials before it was patched, making it a live, in-the-wild security incident rather than a theoretical concern.
How Kimi K3 stacks up The UK’s AI Safety Institute and its counterpart CAISI ran a preliminary assessment of Kimi K3 in July 2026, scoring it at 32% on ExploitBench. That’s a benchmark designed to measure an AI model’s ability to identify and reason about exploitable software vulnerabilities. GLM-5.2 scored 24% on the same test.
Among open-weight models, those whose weights are publicly available for anyone to download and run, Kimi K3 sits at the top. The model was released around July 16–27, 2026, and the Red Team intensified its auditing effort in the weeks that followed.
The gap between open-weight and closed-source models remains significant. Leading US models from OpenAI and Anthropic averaged around 76% on ExploitBench. That’s more than double Kimi K3’s score.
The Coldcard incident that started it all The Red Team’s effort was catalyzed by a security incident in July 2026 involving the Coldcard Mk3. A flaw in the Mk3 firmware led to the theft of approximately 594 BTC, estimated at $38 million at the time. The incident sparked widespread speculation that the attackers had used AI to identify the firmware vulnerability, though that claim hasn’t been definitively proven.
What this means for Bitcoin security The economics of code auditing are about to shift. A professional security audit of a single Bitcoin project can cost tens of thousands of dollars and take weeks. Kimi K3 scanned 501 projects in 108 hours.
US AI companies, which build the most capable models, have generally restricted their tools from being used for vulnerability research, citing safety concerns. Meanwhile, an open-weight Chinese model is being freely deployed to find and report bugs in critical financial infrastructure. The gap between open-weight and closed-source model performance on ExploitBench—32% versus 76%—suggests the most capable vulnerability detection still lives behind API paywalls.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy Inc. is not selling its Bitcoin. At least not while the market is running hot, according to CEO Phong Le, who made his position clear in early September 2026: the company does not plan to offload any of its holdings during what he described as an incoming heavy bull market.
That’s a confident statement from the man running a company that now holds 845,050 BTC, worth roughly $65 billion. To put that in perspective, Strategy controls more than 4% of the entire Bitcoin supply that will ever exist.
The numbers behind the conviction Strategy’s latest Bitcoin purchase was 4,603 BTC acquired at an average price of $80,318 per coin, resuming accumulation after an approximate ten-week pause.
That pause wasn’t a loss of faith. The company used the break to clean up its balance sheet, pay down debt to reach a zero net debt position, and build a cash cushion of roughly $7 billion.
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During that same period, Strategy sold approximately 7,000 BTC, at prices between $60,000 and $65,000 per coin, primarily to cover preferred dividend obligations. Le framed those sales as a capital cost decision, not a referendum on Bitcoin’s value.
From ‘never sell’ to ‘sell only when it makes sense’ Strategy built its reputation on an almost religious commitment to never selling Bitcoin. But the reality of running a public company with preferred shareholders and debt obligations meant the dogma needed a practical update. Le’s framing in September 2026 reflects that evolution.
Le described the approach as a two-way strategy: accumulate when conditions favor it, and sell only under strictly defined circumstances tied to capital costs rather than price sentiment. The emphasis, he stressed, is on growing Bitcoin per share over time, a metric that treats the company’s stock as a proxy for Bitcoin exposure, adjusted for dilution and capital efficiency.
What this signals for institutional Bitcoin holders Le’s comments suggest the company is thinking several moves ahead. By establishing that future sales are possible but rule-bound, Strategy creates a framework other institutional holders can study and adapt.
For market participants watching Strategy’s every filing, Le’s September remarks also carry a forward signal. He does not expect to sell during the bull market, implying he sees the bull market as real, ongoing, and substantial enough to justify holding rather than trimming.
Strategy’s Bitcoin-per-share metric is also worth watching as a benchmark. If that number grows consistently over time, it becomes harder for critics to argue the company’s approach is destroying shareholder value.
The company holding over 4% of the total Bitcoin supply means its decisions ripple outward. A surprise sale at scale would move markets. Strategy’s behavior is no longer just a corporate finance story. It shapes how the broader market reads institutional conviction in Bitcoin.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Grayscale, a16z a Crypto Council for Innovation tlačí na SEC, aby nové krypto ETF neposuzovala jako jednu rizikovou kategorii. Chtějí rychlejší a cílené schvalování podle skutečného rizika produktu.
Grayscale, a16z and the Crypto Council for Innovation ask the SEC not to automatically tighten the rules for the new generation of ETFs. The crypto sector especially refuses that Bitcoin, Ethereum or other digital assets be placed in the same category as private asset funds, leveraged strategies or event contracts. The three organizations want faster reviews tailored to the real risk of each product.
In brief Grayscale, a16z and the CCI sent their proposals to the SEC at the end of August. a16z asks the SEC not to treat all new ETFs as a single category. Grayscale notably wants to establish a confidential procedure before the official submission of a file. Crypto refuses a single rule for all ETFs The SEC has been working on this file for several weeks. The regulator opened at the end of June a consultation on new ETFs and digital assets. Grayscale and a16z have now responded.
The common point between their letters is quite clear: a crypto ETF should not automatically face new constraints simply because the SEC considers it “novel,” that is, new or unusual. The category studied by the regulator is very broad.
It can include products exposed to crypto, private assets, commodities, a single stock, highly leveraged strategies, or prediction markets. a16z believes these products do not present the same liquidity, valuation, or investor protection issues.
The company also recalls that crypto ETFs and ETPs now have a more developed infrastructure. Bitcoin and Ethereum have already set precedents. Solana also has products listed in the United States. For a16z, starting almost from scratch for each new category therefore does not make much sense.
Grayscale and a16z propose two different paths However, the two groups do not agree on everything. a16z wants to keep the current definition of an “investment company” provided by the Investment Company Act of 1940. A product that mainly holds assets that are not financial securities should not automatically fall into this category.
Grayscale defends a similar position. The manager notably refuses that the SEC impose new portfolio conditions, minimum quotas of financial securities, or additional restrictions on crypto products that already have a compliance history. The matter is becoming concrete for Grayscale. The group also removed three Cardano, Hedera, and Polkadot ETF applications in August.
Another problem: timing. Today, an issuer can finish part of the registration of its fund while the authorization for listing by the exchange is still pending. a16z wants to better coordinate these two procedures. The company proposes standardized timelines, shorter reviews, and, when possible, simultaneous processing of applications.
Grayscale puts forward another idea. The group wants an optional and confidential procedure before the public filing, with a defined response time for SEC staff. The CCI also supports this mechanism. It notably mentions the problem of files copied very quickly after their publication, a phenomenon that the use of AI could accelerate even more.
The next wave of crypto ETFs is happening now The market concerned is already large. Assets held in US ETFs exceed 12 trillion dollars according to figures cited in the responses addressed to the SEC. More than 4,600 funds are now available.
Crypto represents only part of this market. But it is advancing quickly. US spot Bitcoin ETFs recently approached 100 billion dollars in assets. Ethereum and Solana also have their own products, while managers are testing assets increasingly distant from the two large cryptos.
One detail still divides the players. a16z would like to reserve the term “ETF” for funds registered under the Investment Company Act. Other products would be clearly identified as ETPs. Grayscale opposes this. For the manager, the term ETF can also describe a listed product with an arbitrage mechanism and a transparent price, regardless of its precise legal framework.
The CCI prefers clearer information on the regulatory status of each product rather than a complete change of names. The SEC must now decide between investor protection, speed of procedures, and the arrival of much more varied crypto products. As for the candidates, they are no longer waiting for Bitcoin or Ethereum: Grayscale has, for example, filed an application to launch a BNB ETF on Nasdaq.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
