Injective: No Attack Occurred, Partial Validators Temporarily Jailed Due to Accelerated Upgrade
Injective officials announced that community contributors coordinated an accelerated network upgrade yesterday. As the time required for all validators and ecosystem infrastructure to complete the upgrade exceeded expectations, some validators were temporarily jailed, leading to a temporary dip in the network’s staked amount. Several exchanges also temporarily suspended INJ deposits and withdrawals. Injective stressed that its blockchain network and INJ token remained fully secure throughout the process: the underlying protocol and consensus mechanism were not compromised, user and staked funds suffered no losses or risks, and the network continued processing transactions without any downtime. The official noted that the accelerated upgrade was triggered by attacks on a small number of binary options market applications within the Injective ecosystem. The incident only impacted those applications, and did not exploit the Injective blockchain, protocol, native assets, or consensus mechanism. The attack vector has since been contained and repaired. Injective added that its team is deploying enhanced security mechanisms, real-time monitoring systems, and additional protective measures to identify abnormal activities earlier and reduce the risk of similar incidents recurring.
Hyperliquid’s block trading layer Silhouette has announced the mainnet launch of its RFQ (Request for Quote) trading system, with initial support for xStocks, Payward’s tokenized stock framework. According to the announcement, traders can submit quotes for supported xStocks, receive competitive bids from multiple market makers, and final executed trades settle directly on-chain, with support for 24/7 trading and large-sized orders. This model eliminates the need to build separate order books for each tokenized stock; once trading activity reaches a certain threshold, the assets can also be listed on Hyperliquid’s HyperCore market. Data shows that since its launch in June 2025, xStocks has recorded a cumulative trading volume exceeding $40 billion, with over 200,000 holders, of which nearly $20 billion in volume has been settled on-chain. The current global tokenized stock market size is around $2.53 billion, with xStocks boasting a market cap of ~$620 million, ranking third globally. In addition, Payward announced today that it will tokenize the 100 largest companies by market cap listed on the London Stock Exchange. The first batch of London-listed xStocks is expected to launch in the coming weeks, pending regulatory approval.
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US job openings saw a slight uptick in July, with overall labor demand remaining stable.
U.S. job openings rose slightly in July, signaling that overall labor demand has remained stable in recent months. Data released by the U.S. Bureau of Labor Statistics on Tuesday showed that July job openings climbed from June’s downwardly revised 7.18 million to 7.27 million, versus economists’ median estimate of 7.31 million. The report notes the U.S. labor market is still in the "low hiring, low layoffs" pattern that has prevailed for most of the past few years. Amid geopolitical uncertainty and persistent inflation, employers are cautious about expanding their headcount but reluctant to cut staff easily. The increase in job openings was driven mainly by manufacturing, state and local governments (excluding education), healthcare and social assistance sectors. Meanwhile, layoffs hit their lowest level since January this year, while the quits rate — a measure of the share of workers who voluntarily leave their jobs each month — edged down to 1.9%. Source: Jinshi
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Bessent: The Strait of Hormuz will achieve "alternative shipping routes" within two years, and the US will continue to step up sanctions on Iran.
U.S. Treasury Secretary Scott Bessent noted during a fireside chat at the G20 summit that the U.S. energy sector’s “3-3-3” plan targets crude oil equivalent. Since Trump took office, U.S. daily oil production has risen by 1.6 million to 2.2 million barrels, he added, emphasizing that risks must be mitigated. Bessent also said bypassing the Strait of Hormuz will be achievable within two years, at which point the strait will become “worthless waters” as oil will be transported via onshore pipelines instead of through the strait. When discussing the Iran issue, he pointed out that 85% to 90% of Iranian factories have reconstruction capacity, and Iran may hold the world’s third-largest energy resources. Additionally, the U.S. may announce bank sanctions this week and next, having secured strong support from the European Union, European Central Bank, the U.K., the U.A.E., and Bahrain. The U.S. has adopted a zero-tolerance stance toward Iran, aiming to strangle its economic development, and will also focus on Iran-related aircraft leasing firms. Bessent stated: “We are aware of Iran-related accounts in the British Virgin Islands. Funds stolen from the Iranian people can be returned to them, or Iranian funds can be used to assist terrorism victims.” (Jinshi)
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Bitcoin enters 'Rektember': September has historically been a weak month for the cryptocurrency, with interest rate hike risks likely to suppress its August gains.
Bitcoin kicked off September on a weak note, falling below $78,000. Since 2013, September has been Bitcoin’s worst-performing month on average, with an average decline of around 3% and only five monthly gains, earning it the market nickname "Rektember". However, Bitcoin has posted gains in each of the past three Septembers. It rallied roughly 25% in August, its strongest monthly performance since November 2024, and may face short-term consolidation or even correction pressure. The macroeconomic environment is also weighing on assets. After Federal Reserve Chair Waller delivered hawkish signals at the Jackson Hole Economic Symposium, global bond markets sold off, pushing the U.S. 10-year Treasury yield to as high as 4.784%. Markets currently assign a roughly 66% probability of a 25-basis-point rate hike by the Fed on September 16, and are pricing in potential additional hikes this year. Higher interest rates typically tighten financial conditions, boost the U.S. dollar, and weigh on risk assets like Bitcoin. Meanwhile, persistent tensions in the Middle East have lifted oil prices, with WTI crude trading near $88 per barrel, while gold fell more than 2% on Tuesday. Traditional markets also face seasonal headwinds: since 1975, September is the only month with a negative average performance for the S&P 500 index.
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Elon Musk: AI is expected to significantly boost productivity, which could lift the global economy by 20% to 30%.
Elon Musk stated in his speech at the G20 summit that he expects artificial intelligence to significantly boost productivity, noting that AI could lift the global economy by 20% to 30%.
TD Cowen has put a number on where it thinks Bitcoin ends the year: $97,500. That implies roughly 25% upside from the $78,000 level the asset was recently trading near, and it comes packaged with a significant asterisk: the bank is simultaneously walking back targets it set not long ago that were far more optimistic.
Analyst Lance Vitanza is the name behind the revised call. Bitcoin has been trading in a range of $58,400 to $78,000, with monthly drawdowns exceeding 20% and a pullback of more than 50% from prior highs above $126,000. In that context, a $97,500 target is less a bold bet and more a calibrated expectation that the market stabilizes and recovers without recapturing previous peaks by December.
What changed and by how much The bank had previously projected Bitcoin would hit $141,277 by the end of 2025 and reach somewhere between $177,000 and $225,000 in the 2026-to-2027 window. Those numbers have been compressed substantially.
The updated base-case projection for year-end 2026 now sits at approximately $100,000, down from a prior estimate around $140,000.
Vitanza’s note attributes the revisions to recent price weakness rather than any company-specific or structural deterioration. Regulatory clarity and broader index inclusion remain on TD Cowen’s list of potential catalysts that could accelerate a recovery.
The Strategy trade and the Strive call Strategy, the Michael Saylor-led firm that pioneered the corporate Bitcoin treasury playbook, saw its price target cut to $260 from $400. The reduction tracks the Bitcoin forecast revision rather than any change in TD Cowen’s view of Strategy’s execution or capital structure. The bank kept its Buy rating intact.
Strategy holds a large Bitcoin position on its balance sheet, so its equity value moves in close correlation with Bitcoin’s price. When the asset’s projected year-end value drops by roughly 30%, the equity target follows in the same direction.
Separately, TD Cowen initiated coverage on Strive, projecting the firm will accumulate more than 27,100 BTC by the end of 2026. The bank set a share price target of $32 on Strive, implying 33% upside. That coverage note is dated September 1, 2026.
What this means for the broader picture The $97,500 target implicitly challenges the narrative that Bitcoin’s rally is structurally broken. A 25% move from current levels over the remainder of the year requires genuine demand recovery, whether from retail flows returning, institutional allocation decisions, or the regulatory catalysts Vitanza flags as potential turning points.
Bitcoin’s trading range of $58,400 to $78,000 means there’s a wide band of possible entry points for investors weighing the TD Cowen thesis. At the low end of that range, the $97,500 target represents closer to 67% upside. At the high end, it’s the 25% the headline describes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin’s roughly 50% decline from its October 2025 high has created a useful test for the institutional investment thesis. It is relatively easy to make the case for a new asset while prices are rising, correlations are favorable and capital is flowing into the market. The more revealing exercise comes after a major drawdown, when investors can revisit the original assumptions and determine which were structural and which were simply products of the preceding cycle.
That is effectively what BlackRock has done in its latest research, Re-Underwriting Bitcoin: Still a Portfolio Diversifier. Rather than treating the recent drawdown as evidence for or against Bitcoin in isolation, the firm returns to the question most relevant to an allocator: how has Bitcoin actually affected the risk and return characteristics of a diversified portfolio?
The results are more consequential than the headline return figures suggest. In BlackRock’s rolling 10-year analysis through May 29, 2026, a traditional 60/40 equity and fixed-income portfolio generated an annualized return of approximately 9.9% with annualized standard deviation of roughly 10.1%. Introducing a 1% Bitcoin allocation increased annualized return to approximately 10.9%, while volatility moved only modestly higher to roughly 10.3%. At a 2% allocation, annualized return reached approximately 11.8%, with standard deviation of about 10.6%.
Put differently, the 2% allocation added roughly 190 basis points of annualized return relative to the traditional portfolio while increasing annualized volatility by approximately 50 basis points. The portfolio’s Sharpe ratio improved from 0.81 to 0.96, while maximum drawdown changed from -20.3% to -20.9%. Those figures are hypothetical and backward-looking, but they illustrate why judging Bitcoin primarily by its standalone volatility can produce an incomplete assessment of its portfolio impact.
The more relevant question is how that volatility interacts with everything else an investor already owns. BlackRock continues to characterize Bitcoin as having risk and return drivers that are fundamentally different from traditional assets, rooted in its fixed supply, decentralized structure and independence from any sovereign issuer. Those characteristics do not prevent Bitcoin from trading alongside risk assets during periods of deleveraging, but BlackRock’s research suggests those correlations have historically been episodic rather than permanent.
That distinction helps explain the portfolio results. A modest allocation does not import Bitcoin’s standalone volatility into a portfolio on a one-for-one basis. What matters is the marginal contribution of that allocation to total portfolio risk relative to the return it has historically generated. In BlackRock’s analysis, that trade-off remained favorable at 1% and 2%, even after incorporating one of Bitcoin’s most significant recent drawdowns.
Why 1–2% keeps appearing in BlackRock’s work This is not the first time BlackRock has arrived at this range. Its earlier portfolio research approached Bitcoin sizing through risk contribution, concluding that a 1–2% allocation could represent a reasonable range for investors willing and able to accept Bitcoin’s risk. At those weights, BlackRock found that Bitcoin could contribute a similar share of overall portfolio risk as an individual mega-cap technology holding in a conventional 60/40 portfolio. Beyond 2%, however, Bitcoin’s contribution to total portfolio risk begins to increase disproportionately.
The new analysis approaches the same question from the opposite direction. Rather than asking how much risk Bitcoin contributes, it examines what investors historically received for assuming that additional risk. The improvement in Sharpe ratio from 0.81 for the traditional portfolio to 0.90 with 1% Bitcoin and 0.96 with 2% Bitcoin suggests that the incremental return historically more than compensated for the additional portfolio-level volatility.
This does not establish 1% or 2% as an optimal allocation, and BlackRock does not present it that way. The appropriate exposure will depend on liquidity requirements, investment horizon, governance constraints and risk tolerance. What the analysis does provide is a more rigorous framework for the discussion. The allocation question can increasingly be evaluated in terms of marginal risk, correlation, drawdown and portfolio efficiency rather than through a binary debate over whether Bitcoin itself is too volatile to own.
BlackRock has also seen the demand firsthand There is another dimension to BlackRock’s latest analysis that is difficult to separate from the firm’s experience in the market.
BlackRock launched the iShares Bitcoin Trust, IBIT, in January 2024. Less than a year later, it had accumulated more than $50 billion in assets, making it what BlackRock itself has described as the largest exchange-traded product launch in history. It reached that milestone roughly five times faster than the previous record holder.
Its significance has only grown since then. BlackRock now describes IBIT as the world’s largest and most traded Bitcoin ETP, and the fund became the firm’s highest-revenue ETF in 2025 despite competing within a global BlackRock lineup of more than 1,000 products.
The concentration within the U.S. spot Bitcoin ETF market is equally notable. According to current ETF holdings data tracked by Bitcoin For Corporations, U.S. spot Bitcoin ETFs collectively hold approximately 1.25 million BTC, representing nearly 6% of Bitcoin’s fixed 21 million supply. IBIT alone accounts for roughly 775,000 BTC, or more than 60% of the Bitcoin held across the U.S. spot ETF complex.
View the full Bitcoin ETF Dashboard.
That does not make BlackRock’s research independent of commercial context; IBIT is an important and increasingly valuable BlackRock product. That context should be understood rather than ignored. But it also means the firm’s reassessment is occurring alongside more than two years of observing how investors actually use Bitcoin exposure at scale.
The distinction is useful. The theoretical case for Bitcoin as a portfolio asset is increasingly being accompanied by observable allocation behavior. Investors have now had access to Bitcoin through familiar brokerage, advisory and institutional infrastructure across multiple market regimes, including periods of rapid appreciation and severe drawdowns. IBIT’s growth suggests that demand has persisted well beyond its initial launch window.
A drawdown is precisely when a thesis should be re-underwritten The timing of BlackRock’s report may ultimately be more informative than the portfolio simulation itself.
Bitcoin is not being reassessed at an all-time high. BlackRock published the analysis after an approximately 50% drawdown from Bitcoin’s October 2025 peak, a period the firm associates with leveraged positioning being unwound, slowing ETP flows and weaker demand from companies accumulating Bitcoin. Its conclusion is that these forces represented a positioning correction rather than a fundamental change in Bitcoin’s investment case.
That is what re-underwriting is supposed to accomplish. An investment thesis should not survive because investors are attached to it; it should survive because its underlying assumptions continue to hold when conditions change.
For Bitcoin, those assumptions extend beyond historical returns. The asset remains scarce by design, globally liquid, independent of a sovereign issuer and structurally different from the liabilities that dominate traditional portfolios. BlackRock argues that concerns around fiscal sustainability, monetary stability and geopolitical risk may therefore become increasingly relevant to Bitcoin’s long-term adoption.
The portfolio evidence does not prove what Bitcoin will return over the next decade, nor does IBIT’s success establish what an appropriate allocation should be. What the two developments show together is that the institutional conversation has advanced considerably. Bitcoin is no longer being evaluated solely as an unconventional asset that institutions may or may not choose to own. It is increasingly being evaluated through the same disciplines applied elsewhere in capital allocation: sizing, risk contribution, correlation, liquidity, drawdown and expected return.
What this means for corporate leaders For CFOs, boards and corporate operators, that evolution may be the most important takeaway from BlackRock’s work.
The relevant decision is not whether Bitcoin is volatile; that is already known. Nor does a corporate allocation need to resemble the concentrated Bitcoin strategies pursued by companies that have explicitly built their capital structures around the asset. Between zero exposure and a Bitcoin-centric balance sheet sits a much broader spectrum of possible allocations.
BlackRock’s research provides a useful framework for thinking about that spectrum. A relatively small allocation was sufficient to materially alter the historical return characteristics of a conventional portfolio without producing a comparable increase in portfolio-level risk. At 2%, approximately 190 basis points of additional annualized return came with roughly 50 basis points of additional annualized volatility in the period studied. The allocation was small; its effect was not.
For corporate leaders, the implication is less about adopting BlackRock’s specific allocation range than adopting the discipline behind the analysis. Bitcoin can be underwritten like any other strategic allocation: define its purpose, determine an acceptable risk contribution, establish liquidity and governance requirements, size the position accordingly and periodically revisit the assumptions.
That is a considerably more mature question than whether a company should simply “buy Bitcoin.”
As Bitcoin becomes more deeply integrated into institutional portfolios and financial infrastructure, the burden of analysis is shifting. The question facing the C-suite is increasingly not whether Bitcoin belongs in the conversation, but what allocation, if any, can be justified by the company’s objectives, constraints and cost of capital.
BlackRock has now re-underwritten that question after another full market cycle and a roughly 50% drawdown. Its historical portfolio math still makes the case that, in measured amounts, Bitcoin can improve the equation. For corporate decision-makers, that is the takeaway worth bringing into the boardroom.
Disclaimer: This content was prepared on behalf of Bitcoin For Corporations for informational purposes only. It reflects the author’s own analysis and opinion and should not be relied upon as investment advice. Nothing in this article constitutes an offer, invitation, or solicitation to purchase, sell, or subscribe for any security or financial product.
Nick Ward
Nick works on Bitcoin For Corporations at BTC Inc, helping public companies adopt Bitcoin through strategic education, thought leadership, and go-to-market planning. Since 2021, he has held cross-functional roles in growth, product, and education—shaping how both individuals and businesses approach Bitcoin at scale.
Strategy Inc. (NASDAQ:MSTR) on Monday called MSCI’s proposed index eligibility test a pretext to exclude Bitcoin treasury companies Tuesday, urging the index provider to withdraw it entirely.
What Strategy Is Actually Arguing?Strategy published a formal response to MSCI’s consultation, signed by Executive Chairman Michael Saylor and CEO Phong Le, calling the proposed non-operating company screen a repackaged version of MSCI’s own withdrawn 2025 proposal.
The language changed but the outcome is the same: digital asset treasury companies get excluded.
Strategy’s core objection is that MSCI’s “operating” and “non-operating” classifications have no basis in US GAAP, IFRS, or any recognized legal framework.
The company reports its Bitcoin (CRYPTO: BTC) treasury operations as a separate operating segment under US GAAP, consistent with discussions with SEC staff, and argues it does not trigger four of MSCI’s five flags as a result.
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Bitcoin-related expenses exceed 5% of total assets, and Bitcoin fair-value changes appear as operating expenses rather than non-operating asset changes.
Beyond the accounting argument, Strategy warned that injecting MSCI’s own policy judgments into index construction creates fiduciary concerns for institutions tracking its benchmarks and raises questions under EU benchmark rules and IOSCO transparency principles.
Who Gets Hit by the ProposalAs Benzinga reported in August, MSCI’s test flags companies whose core business assets fall below 50% of total assets, then applies five financial ratio screens. Failing four of the five results in index exclusion.
When MSCI ran simulations against May 2026 data, Strategy and Metaplanet (OTC:MTPLF) failed outright while SharpLink Gaming (NASDAQ:SBET) landed on a watchlist.
Strategy alone represents roughly 87% of the float-adjusted market value affected across the six identified companies.
Funds tracking MSCI’s Global Investable Market Indexes currently hold just 3.1% of Strategy’s basic shares outstanding, limiting the direct impact on the company. However, Strategy sees the precedent as a much bigger concern than the immediate effect.
What’s the Timeline for MSCI’s Decision?Where MSTR Stands Technically?MSTR pulls back to $129 in premarket Tuesday after closing up 4.42% at $132.94 Monday, easing off the $135 to $137 resistance zone that capped the prior rally.
The 100-day EMA at $122.83 is the nearest support on this dip, with a push back through $135 confirming continuation toward $150.
Bitcoin posted a nearly 25% gain in August, climbing from roughly $64,000 to $80,000, and the receipts are showing up in unusual places. Retail deposits on Gate.io surged to record levels during the rally, with hourly inflows peaking at $11.33 million on August 29, the highest single-hour figure recorded on the platform this year.
A CryptoQuant analysis published on September 1 counted more than 11 significant spikes in retail deposit volume on Gate.io between August 23 and August 30 alone.
What the deposit data actually tells us Gate.io has evolved into a multi-asset platform handling crypto, stocks, and commodities. That means a deposit spike doesn’t automatically translate into Bitcoin sell pressure. Capital flowing in could just as easily be positioning for new trades, rotating between asset classes, or parking funds ahead of anticipated volatility.
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Market observers analyzing the data suggest the surge reflects a cocktail of profit-taking by retail participants, capital rotation across markets, and trading preparation.
Bitcoin’s first green August in five years August has historically been unkind to Bitcoin holders. The last time the asset finished the month in the green was 2021. So a ~24.95% monthly gain isn’t just a good number, it’s a calendar anomaly.
Two forces drove the breakout: ETF inflows and short liquidations. US spot Bitcoin ETFs pulled in an estimated $2 to $3 billion during the month, providing a steady bid underneath the market.
Gate.io’s position in the exchange landscape Gate.io has been quietly climbing the rankings among centralized exchanges. During July and August, the platform ranked among the top three exchanges by net inflows, competing with much larger names for trading volume and user deposits.
One data point worth noting: Gate.io’s proof-of-reserves coverage sits at 127% overall, meaning the platform holds significantly more assets than it owes to users.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BlackRock, the world’s largest asset manager, has reaffirmed Bitcoin’s role as a portfolio diversifier following a significant market correction. The firm published new research analyzing how Bitcoin’s volatility and risk-return profile affect diversified portfolios after Bitcoin’s value fell approximately 50% from its October 2025 high.
In its report, BlackRock evaluated the performance of traditional 60/40 equity and bond portfolios both with and without a Bitcoin allocation. Over a rolling 10-year period ending May 29, 2026, the classic 60/40 portfolio delivered an annualized return of 9.9% and annualized volatility of 10.1%. Adding 1% Bitcoin increased the annualized return to 10.9% and volatility to 10.3%. A 2% allocation raised the return to 11.8% with volatility at 10.6%.
The analysis indicated that a 2% Bitcoin allocation improved the Sharpe ratio from 0.81 to 0.96, while portfolio drawdown only changed marginally from -20.3% to -20.9%. BlackRock highlighted that the incremental risk from Bitcoin was modest compared to the return enhancement, challenging concerns around Bitcoin’s high standalone volatility.
Portfolio AllocationAnnualized ReturnAnnualized VolatilitySharpe RatioMaximum Drawdown60/40 (no BTC)9.9%10.1%0.81-20.3%60/39/1 (w/ 1% BTC)10.9%10.3%0.90-20.7%60/38/2 (w/ 2% BTC)11.8%10.6%0.96-20.9%BlackRock explained that Bitcoin’s risk and return traits are structurally different from other assets, stemming from its fixed supply and decentralized nature. These features, according to the research, cause Bitcoin’s correlations with traditional asset classes to be episodic rather than persistent.
Rationale behind the 1–2% allocation rangeBlackRock’s latest research echoes earlier findings, identifying a 1–2% allocation as a balanced range for investors capable of handling Bitcoin’s risk. The firm noted that at these levels, Bitcoin’s share of total portfolio risk is similar to that of a single mega-cap tech stock within a standard allocation. Exceeding 2% may increase risk disproportionately relative to return.
The improved Sharpe ratio with 1–2% Bitcoin suggests that the historical reward justified the additional volatility. Nevertheless, BlackRock clarified that these figures do not set 1–2% as an optimal or recommended exposure. Appropriate levels should be based on individual investment goals, liquidity needs, and risk preferences, rather than a single rule.
In BlackRock’s analysis, a small Bitcoin allocation enhanced historical returns without importing excessive risk, even after accounting for sharp market declines.
Institutional adoption and IBIT’s growthBlackRock’s practical experience also shapes its perspective. In January 2024, the company launched the iShares Bitcoin Trust (IBIT), an exchange-traded product providing spot Bitcoin exposure. Within one year, IBIT grew to over $50 billion in assets, making it the largest-ever ETF launch by that metric and reaching the milestone five times faster than the previous record holder.
By 2025, IBIT became BlackRock’s top revenue-generating ETF, standing out in a lineup of more than a thousand products. The fund now holds around 775,000 BTC, representing more than 60% of the Bitcoin managed within U.S. spot Bitcoin ETFs. In total, U.S. spot Bitcoin ETFs control about 1.25 million BTC, nearly 6% of Bitcoin’s fixed 21 million supply.
Mini dictionary: IBIT, the iShares Bitcoin Trust, is BlackRock’s spot Bitcoin ETF in the US, providing institutional and retail investors a regulated vehicle to gain direct exposure to Bitcoin’s price movements via traditional brokerage platforms.
Resilience of the investment thesis through volatilityBlackRock’s update comes as Bitcoin recovers from a steep drawdown attributed to deleveraging and weakening demand from institutional buyers and companies. Despite these headwinds, the firm described this downturn as a positioning correction rather than a structural weakness in Bitcoin’s investment proposition.
The report pointed to Bitcoin’s limited supply, global liquidity, and lack of sovereign control as qualities that could become increasingly relevant for long-term investors, especially given ongoing monetary and geopolitical uncertainties. However, BlackRock emphasized that neither past performance nor IBIT’s growth guarantee future results or recommend specific allocation targets.
Bitcoin is no longer evaluated solely as an unconventional asset but is increasingly reviewed with the rigorous standards of capital allocation applied across global portfolios, including risk contribution, correlation, drawdown, and expected return.
Guidance for corporate treasurers and boardsFor corporate treasurers, board members, and executives, BlackRock’s analysis may represent a shift in perspective. The research showed that even a small allocation could meaningfully affect historical returns without causing a similar surge in portfolio risk.
Rather than debating whether to fully embrace Bitcoin or avoid it, the firm suggests that disciplined, incremental exposures can be effectively managed as part of broader capital allocation strategies. Companies are encouraged to carefully define investment goals, assess risk tolerance, and periodically review underlying assumptions as conditions evolve.
Sentiment in crypto has dived lower than a snailfish in the Mariana Trench in recent months.
Miners are capitulating to AI, cold wallets are getting exploited, and you can hardly fire up LinkedIn without reading another message from a newly unemployed crypto journalist searching for new opportunities. Even for an industry that’s endured nation-state bans, exchange blowups, and years of regulatory pressure, morale has rarely felt this low.
With business models failing and public interest dropping, many long term crypto fans have begun to question whether we’ve all wasted a decade of our lives on a pipe dream.
Source: Ash Crypto
Until the price went up that is.
Bitcoin has just seen its best August in years with a 26% return, while Ethereum gained 34%. President Trump even sang the praises of a decentralized offshore perpetual futures venue at the White House. Crypto’s finally getting interesting again.
But a short term price rise doesn’t mean all our dreams have come true. For anyone who spent years advocating for sovereign F-you money outside the control of the state and centralized entities, a custodial ETF is not exactly a version of BTC that sticks it to the man.
And there’s another problem with calling this a victory lap: many of the companies that helped build crypto’s foundations are no longer around to enjoy the latest pump.
Take BitMEX, one of the industry’s first Bitcoin futures exchanges that pioneered the perpetual swap and 100x leverage for degens. It’s shutting down operations in September after 11 years.
Former chief executive Stephan Lutz tells Magazine that BitMEX was a victim of its own success.
“Every legitimate crypto exchange is using the perpetual swap... every legitimate crypto exchange uses the funding mechanism to bring longs and shorts together that the founders invented originally… That isn’t going away… It’s just not a differentiating factor anymore.”So what if crypto won — just not in the way we thought it would?
Crypto’s impact means it wasn’t a waste of timeLutz doesn’t think crypto can simply disappear anymore because the technology has become too deeply embedded in traditional finance to be unwound.
“From my point of view, we passed the point of no return,” he says.
Utkarsh Ahuja, founder of Moonshot Capital, agrees that crypto proponents have not wasted their lives, and points to the industry’s impact on payment rails, settlement and tokenization.
Stablecoins, he says, can have a “very, very lasting impact” as they become integrated into financial payment infrastructure, and “you can literally tokenize anything.”
He points to crypto’s spillover into energy, healthcare and AI, arguing that the technology is being widely used beyond the industry that created it.
Decentralized finance has also made a meaningful impact on the world and is now closer to infrastructure, than an experiment. Wanja Oberhof, chief executive of Subsquid Labs, tells Magazine:
“DeFi built the first financial system where you don’t have to trust the operator’s word: you can verify the ledger yourself, in real time, down to every transaction.”
Settlement happens in minutes rather than days, he says, while markets run 24/7 and lending protocols can clear billions transparently:
“No bank consortium ever shipped anything like it. DeFi removed the intermediary and kept the market.”But while DeFi’s infrastructure has greatly improved, Oberhof concedes the industry “over-promised on timelines and under-delivered on user experience.”
He says the real win will come when the technology “disappears into products people use without thinking about it.”
Institutions are adopting blockchain technology like crazy, and tokenized funds, stablecoins and blockchain-based settlement are no longer ideas confined to the hallways of crypto conferences.
But crypto isn’t so much replacing the financial system as being absorbed by it.
The crypto industry’s success is a key reason it no longer feels as exciting or impactful. The more TradFi becomes involved, the more boring crypto seems, especially when compared to the days when the Long Island Iced Tea Corp changed its name to Long Blockchain Corp back in December 2017 and the stock price surged 500%. (It was delisted two months later for misleading the market).
Ether printed a God candle on Aug. 22. Source: Lark Davis
Regulation has also made crypto much more legitimate but duller at the same time.
The EU has implemented its Markets in Crypto Assets (MiCA). The US has gone from treating crypto largely as a regulatory headache to building a framework around it. Senators may even pass the CLARITY act one day.
What did we lose along the way?Despite increasing legitimacy, the crypto industry has failed to deliver on many things it promised. Dentacoin failed to revolutionize the dental industry. Bitcoin did not stop all wars. Ethereum is not the default home for global finance (at least, not yet.) Ahuja says:
“Has it delivered enough? Not yet, in my opinion. But has it changed our perception completely? Yes, it has.”The audience has changed too.
Crypto is no longer some fringe hobby for a tiny band of libertarian cypherpunks and meme-weilding frog armies on Crypto Twitter.
Around one in five American adults, or 19%, now says they have invested in, traded or used cryptocurrency, according to Pew Research Center.
Broader ownership hasn’t made crypto easier to use. In fact, the explosion of assets and platforms has made the market harder to navigate. Users have to contemplate multiple networks, wallets, exchanges, bridges and onramps, creating the extra layers of friction that crypto was supposed to eliminate.
One in five Americans has used crypto. Source: Pew Research Center
Ahuja points to another irony: an asset class designed to be borderless is increasingly being shaped by national regulatory regimes, making it harder to move seamlessly across jurisdictions.
One Dubai-based crypto user Magazine spoke with receives their salary every month into a large centralized crypto exchange. They say they lose money when converting USDT into local currency, and then have to pay a flat 75 AED fee (roughly 20 USD) just to withdraw. They say:
“I wish I could receive a bank transfer instead.” And then there’s the most basic promise of all: self-custody, arguably the biggest paradox the industry faces because the more valuable Bitcoin becomes, the more dangerous it is to hold your own private keys — whether for fear of being bludgeoned to death by a wrench or having your cold wallet exploited by an AI agent.
Arguably it’s this failure to deliver the future crypto once promised, that has made the bear market shutdowns and closures hit even harder.
Layoffs are rampant throughout the industry. Projects that survived even the grizzly 2022 bear market have been shutting down this year, or being forced to reinvent themselves as the money and users pivot to AI — which is newer but has seen adoption crypto can only dream of so far.
Lutz doesn’t see BitMEX’s fate as evidence that the technology failed; quite the opposite: the technology worked so well that everyone copied it, and the industry has moved from a race to invent the infrastructure to a brutal fight over market share. He says:
“Now the differentiating factor is your aggressiveness in the competition, which is a completely different game. Some play that very well, others don’t.”Perhaps the companies and projects that built crypto were never going to be the ones that ultimately benefited most from its adoption.
So have we wasted our lives?
Well, the purists may not have gotten their sovereign money, the early companies may not have survived, and the average user may still be waiting to catch a break.
But the technology is here, the infrastructure is becoming the rails, and the 20% daily candles sure are fun to watch.
And one thing that’s always been true, when the price starts going up, the narratives change quickly to explain why it may keep going up forever.
Magazine: Do the Coldcard attacks mean all hardware wallets are now insecure?
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Injective: No Attack Occurred, Partial Validators Temporarily Jailed Due to Accelerated Upgrade
Injective officials announced that community contributors coordinated an accelerated network upgrade yesterday. As the time required for all validators and ecosystem infrastructure to complete the upgrade exceeded expectations, some validators were temporarily jailed, leading to a temporary dip in the network’s staked amount. Several exchanges also temporarily suspended INJ deposits and withdrawals. Injective stressed that its blockchain network and INJ token remained fully secure throughout the process: the underlying protocol and consensus mechanism were not compromised, user and staked funds suffered no losses or risks, and the network continued processing transactions without any downtime. The official noted that the accelerated upgrade was triggered by attacks on a small number of binary options market applications within the Injective ecosystem. The incident only impacted those applications, and did not exploit the Injective blockchain, protocol, native assets, or consensus mechanism. The attack vector has since been contained and repaired. Injective added that its team is deploying enhanced security mechanisms, real-time monitoring systems, and additional protective measures to identify abnormal activities earlier and reduce the risk of similar incidents recurring.
Hyperliquid’s block trading layer Silhouette has announced the mainnet launch of its RFQ (Request for Quote) trading system, with initial support for xStocks, Payward’s tokenized stock framework. According to the announcement, traders can submit quotes for supported xStocks, receive competitive bids from multiple market makers, and final executed trades settle directly on-chain, with support for 24/7 trading and large-sized orders. This model eliminates the need to build separate order books for each tokenized stock; once trading activity reaches a certain threshold, the assets can also be listed on Hyperliquid’s HyperCore market. Data shows that since its launch in June 2025, xStocks has recorded a cumulative trading volume exceeding $40 billion, with over 200,000 holders, of which nearly $20 billion in volume has been settled on-chain. The current global tokenized stock market size is around $2.53 billion, with xStocks boasting a market cap of ~$620 million, ranking third globally. In addition, Payward announced today that it will tokenize the 100 largest companies by market cap listed on the London Stock Exchange. The first batch of London-listed xStocks is expected to launch in the coming weeks, pending regulatory approval.
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U.S. Treasury Secretary Scott Bessent noted during a fireside chat at the G20 summit that the U.S. energy sector’s “3-3-3” plan targets crude oil equivalent. Since Trump took office, U.S. daily oil production has risen by 1.6 million to 2.2 million barrels, he added, emphasizing that risks must be mitigated. Bessent also said bypassing the Strait of Hormuz will be achievable within two years, at which point the strait will become “worthless waters” as oil will be transported via onshore pipelines instead of through the strait. When discussing the Iran issue, he pointed out that 85% to 90% of Iranian factories have reconstruction capacity, and Iran may hold the world’s third-largest energy resources. Additionally, the U.S. may announce bank sanctions this week and next, having secured strong support from the European Union, European Central Bank, the U.K., the U.A.E., and Bahrain. The U.S. has adopted a zero-tolerance stance toward Iran, aiming to strangle its economic development, and will also focus on Iran-related aircraft leasing firms. Bessent stated: “We are aware of Iran-related accounts in the British Virgin Islands. Funds stolen from the Iranian people can be returned to them, or Iranian funds can be used to assist terrorism victims.” (Jinshi)
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Bitcoin enters 'Rektember': September has historically been a weak month for the cryptocurrency, with interest rate hike risks likely to suppress its August gains.
Bitcoin kicked off September on a weak note, falling below $78,000. Since 2013, September has been Bitcoin’s worst-performing month on average, with an average decline of around 3% and only five monthly gains, earning it the market nickname "Rektember". However, Bitcoin has posted gains in each of the past three Septembers. It rallied roughly 25% in August, its strongest monthly performance since November 2024, and may face short-term consolidation or even correction pressure. The macroeconomic environment is also weighing on assets. After Federal Reserve Chair Waller delivered hawkish signals at the Jackson Hole Economic Symposium, global bond markets sold off, pushing the U.S. 10-year Treasury yield to as high as 4.784%. Markets currently assign a roughly 66% probability of a 25-basis-point rate hike by the Fed on September 16, and are pricing in potential additional hikes this year. Higher interest rates typically tighten financial conditions, boost the U.S. dollar, and weigh on risk assets like Bitcoin. Meanwhile, persistent tensions in the Middle East have lifted oil prices, with WTI crude trading near $88 per barrel, while gold fell more than 2% on Tuesday. Traditional markets also face seasonal headwinds: since 1975, September is the only month with a negative average performance for the S&P 500 index.
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Bitcoin, the leading cryptocurrency, surged above $81,000 last week but retreated to around $78,000 following Federal Reserve Chairman Kevin Warsh’s hawkish speech in Jackson Hole.
While BTC has been trading near the $78,000 level for the past few days, Wintermute, a prominent market maker in the cryptocurrency market, has shared his current expectations.
Accordingly, Wintermute stated that it expects Bitcoin to move between $75,000 and $82,000 until the Fed’s FOMC meeting on September 15-16.
FED’s September Meeting Could Be Critical for Bitcoin! Wintermute’s latest market analysis stated that Warsh’s speech at the Jackson Hole Annual Meeting raised expectations for a September rate hike to 64.4%.
Therefore, Wintermute believes that the FOMC meeting on September 15-16 will be a significant catalyst for the direction of risky assets, particularly the cryptocurrency market.
Wintermute expects market interest rate expectations to be a decisive factor in Bitcoin’s trajectory, and predicts that economic data to be released in the first two weeks of September could lead to significant changes in interest rate expectations before the FOMC meeting. According to the company, the US non-farm payrolls data to be released on September 4th will be closely watched, particularly in terms of interest rate expectations and the direction of BTC.
$82,000 Resistance Stands Out in Bitcoin! On the other hand, Wintermute noted that Bitcoin has faced repeated sell-offs around the $82,000 level following its recent surge.
According to the company, in the current situation;
“$82,000: As a significant resistance
$75,000: As the first significant support
$72,000: As a critical support” are seen.
In this context, according to the company, a weekly close below $72,000 for Bitcoin could change the current outlook. Wintermute believes that below this level, there is no clear support zone, and further downside risks could increase.
In the current scenario, Wintermute suggests that a healthier short-term move for Bitcoin might be a pullback towards the $75,000 level, clearing leveraged positions in the market, followed by a renewed attempt at upward movement. Therefore, the company believes Bitcoin could consolidate in the $75,000-$82,000 range until the FOMC meeting.
*This is not investment advice.
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Key Takeaways Strategy allocated $635.2 million toward STRC preferred stock repurchases, diverting funds from Bitcoin acquisition The company’s shares declined approximately 3% during pre-market hours following the announcement Despite the buyback focus, Strategy purchased 4,603 Bitcoin for $369.7 million, pushing total reserves to 845,050 BTC valued at roughly $65.9 billion Competing preferred instrument SATA maintains its $100 price point through a superior 13% yield compared to STRC’s 12% offering Analysts maintain a “Moderate Buy” rating with a consensus price target of $236.38 Shares of Strategy (MSTR) tumbled approximately 3% in early trading sessions after the firm disclosed a $635.2 million expenditure on STRC preferred stock repurchases. The stock hovered around $132.94 during Tuesday’s session.
Strategy Inc, MSTR
Market participants responded unfavorably to the allocation decision, viewing it as a defensive maneuver to support STRC pricing rather than continuing the aggressive Bitcoin accumulation strategy that has defined the company’s investment thesis.
STRC represents a preferred equity instrument designed to trade at a $100 benchmark. Currently, it exchanges hands near $97.34, remaining beneath its intended valuation despite the establishment of a $1 billion repurchase facility. The company’s latest deployment involved $151.8 million to buy back STRC shares at a weighted average of $97.48.
The repurchase program aims to contract STRC supply and elevate its market price. However, the instrument continues to languish below the $100 threshold.
Competitive Pressure from SATA Intensifies A significant challenge stems from SATA, a competing preferred instrument from Strive. SATA delivers a 13% annualized return through daily distributions, whereas STRC provides 12% disbursed bi-monthly. This yield differential has proven consequential, with market participants demonstrating a clear preference.
SATA maintains stability at its $100 benchmark, enabling Strive to access additional capital for Bitcoin acquisitions. Strive’s equity has surged 60% year-to-date, while Strategy has declined 15%.
Bitcoin Acquisition Activity Resumes In more encouraging developments, Strategy concluded an approximately two-month hiatus from Bitcoin purchases. The organization acquired 4,603 BTC for $369.7 million, representing an average cost basis of approximately $80,318 per unit. Aggregate holdings now total 845,050 BTC, representing roughly $65.9 billion in market value.
The Bitcoin purchases were financed through the sale of approximately 4.53 million MSTR shares, generating $602.8 million in proceeds. After accounting for Bitcoin acquisitions, STRC buybacks, dividend obligations, and operational expenses, Strategy maintained approximately $5.10 billion in USD reserves alongside $1.61 billion in liquid cash as of August 30.
CEO Phong Le demonstrated confidence by purchasing 11,000 shares in June at $90.80 each. Executive Chairman Michael Saylor telegraphed the resumed buying activity with a “We’re Back” communication prior to the regulatory filing.
Institutional ownership patterns reveal sustained interest. The Public Employees Retirement System of Ohio accumulated 121,962 shares valued at approximately $10.6 million during Q2. Prominent institutions including Capital International Investors, Amundi, and Capital Research Global Investors expanded their positions throughout Q4.
Insider activity has shown divergent patterns. One director liquidated 1,850 shares at $130.00 on August 27, generating $240,500. Over the preceding 90-day period, insiders collectively disposed of 148,575 shares worth $17.6 million.
From an analyst perspective, Strategy carries a “Moderate Buy” consensus rating. Barclays assigns an “overweight” designation with a $125 price objective. HC Wainwright maintains a $325 target. TD Cowen reduced its projection from $400 to $260 while preserving a “buy” recommendation. The mean analyst target stands at $236.38. Zacks represents the contrarian view, having recently downgraded MSTR to a “strong sell.”
The company disclosed Q2 results showing a loss of $24.45 per share, substantially worse than the $2.19 consensus estimate, alongside revenue of $122.37 million.
BitMine co-founder Tom Lee has identified four major potential catalysts that could drive the next major upswing in the cryptocurrency market, with Bitcoin possibly returning to the $100,000 level. Lee, whose firm holds one of the largest Ethereum (ETH) positions globally, shared his insights in a recent interview on CNBC.
CLARITY Act could boost investor confidenceThe first major factor Lee mentioned is the anticipated approval of the CLARITY Act, a regulatory framework for cryptocurrencies. Lee projects that the legislation could be enacted in September 2026. He suggests that this development would significantly improve investor trust and encourage wider adoption of digital assets. According to Lee, the introduction of clear, comprehensive regulation could also attract substantial capital inflows into Bitcoin and other cryptocurrencies.
Mini dictionary: CLARITY Act, a proposed US legislative bill aiming to provide clearer regulatory guidelines and definitions for digital assets and the cryptocurrency industry.
Return of sidelined capitalLee identifies the second catalyst as the movement of sidelined short positions and idle cash back into the crypto market. He argues that increased liquidity from these sources could support a new rally. In support of this forecast, Lee pointed to the recent US Treasury decision to raise bond buybacks, which has already boosted liquidity in riskier asset classes. Bitcoin’s price rose to $80,000 following this policy shift.
Asian capital and institutional investmentA third key driver, according to Lee, could be the reallocation of investment funds from Asia into Bitcoin and the broader crypto sector. He asserts that such inflows would further increase market liquidity and support higher price levels, including a potential push for Bitcoin to reach $100,000.
Lee also expects institutional buying to intensify later this year, as global asset managers and financial firms seek to bolster their quarterly performance. He notes that institutions have a history of moving markets, referencing elevated corporate crypto purchases in 2025. Lee anticipates a similar trend to re-emerge by the end of 2026, focusing on both Bitcoin and Ethereum.
Lee notes several factors could combine to fuel a significant crypto rally, including new regulations, improved liquidity conditions, and institutional participation.
Ethereum’s price potential with Bitcoin rallyLee says that if Bitcoin succeeds in climbing to $150,000, Ethereum could potentially surpass $6,000. He maintains that these projections depend on the successful realization of the outlined catalysts. The precise timing for these targets, particularly whether they will be met in 2026, remains uncertain.
BitMine, the company Lee co-founded, is known for its bullish stance on Ethereum and reportedly holds approximately 4.8% of all ETH in circulation.
AssetPotential TargetCondition for TargetBitcoin (BTC)$100,000Four catalysts realizedBitcoin (BTC)$150,000Bullish scenario with all driversEthereum (ETH)$6,000Bitcoin reaches $150,000If global institutions step up their buying under quarterly performance pressure, combined with regulatory clarity and new capital infusion, a new phase in the crypto market could unfold.
1 September 2026 | 17:10 Bitcoin remains near $78,000 while older coins become more active and spot-demand growth turns negative, putting more weight on whether spot-market buyers return during the next breakout attempt.
Key Takeaways Bitcoin remains above its nearest daily support. Long-held coins are moving more frequently. Spot-demand growth turned negative for two days. Futures-demand growth remained positive during consolidation. Bitcoin is holding, but $80,000 remains unfinished business Bitcoin traded near $77,800 around 13:30 UTC on September 1 after reaching an intraday high of $79,180. The price remained below the recent resistance area between $80,000 and $81,000, where several attempts to extend the recovery have stalled.
Bitcoin daily price chart with Fibonacci levels. The daily chart placed the nearest support at approximately $75,870, the 0.236 Fibonacci retracement of the advance from $57,750. Bitcoin was also trading above its 50-, 100- and 200-day simple moving averages, which were positioned between roughly $66,200 and $69,500.
Daily RSI had cooled to 67.19 after moving above 70 during the rally. Momentum has lost some heat, but the chart has not suffered technical damage. Bitcoin is consolidating above support without yet recovering its recent highs.
Older coins became more active during the rally The 30-day sum of long-term-holder distribution rose from 174,500 BTC to 281,900 BTC between August 18 and August 28, an increase of 61.5%, according to CryptoQuant. The August 28 reading was the metric’s highest since the beginning of 2026.
Bitcoin Long-Term Holder Distribution 30-Day Sum. The figure measures activity among coins held for longer periods; it does not show 281,900 BTC arriving on exchanges or being sold. Some of those movements may reflect profit realization, custody changes or other transfers.
Bitcoin’s rise from approximately $64,000 toward $80,000 created a more attractive window for holders sitting on accumulated gains. The increase in distribution suggests that some took advantage of that window. Price remaining near $78,000 indicates that available demand has so far kept pace with those flows, but the next attempt at resistance will require that balance to continue.
Gate deposits raise the possibility of profit-taking Retail-sized Bitcoin deposits to Gate increased shortly after the rally. Between August 23 and August 30, CryptoQuant recorded more than 11 notable spikes, with hourly deposits reaching $11.33 million on August 29, their highest level of 2026.
Bitcoin retail-to-exchange inflow metrics.Deposited Bitcoin can be sold, posted as collateral or exchanged for another asset, so the flow cannot be converted directly into selling pressure. What changed was the location of the coins: more BTC moved onto an exchange after a strong price advance, making profit-taking easier if those holders chose to act.
That caution is not limited to Gate. Coindoo recently found that Binance reserves were rising while short-term holders realized modest profits. The newer readings bring long-term holders into the same supply-side discussion just as growth in spot demand has weakened.
Spot and futures demand growth are moving apart CryptoQuant’s 30-day demand-growth measure fell below zero for spot trading during two consecutive sessions. Over the same period, perpetual-futures demand growth remained positive and increased during the latest reading.
Bitcoin spot and perpetual futures demand growth. The result points to stronger growth in derivatives positioning than in direct coin purchases. Futures allow traders to gain Bitcoin exposure without taking delivery of the asset, often with leverage. Those positions can expand quickly during a rally, but they can also unwind faster when price moves against them.
That makes renewed spot participation important for the quality of any breakout. Direct buyers must take ownership of the Bitcoin offered to the market, providing a more durable counterweight when older holders or exchange users make additional coins available.
The sample remains short and overlaps with the end of August, when lower liquidity may have affected the spot reading. Two negative sessions cannot establish a lasting demand shift. The concern would become more meaningful if spot-demand growth stayed below zero while holder distribution remained elevated.
The next breakout needs spot confirmation The latest readings leave Bitcoin with three identifiable outcomes:
Above $80,000-$81,000: A daily close through recent resistance would carry more weight if spot-demand growth also returned above zero. Between $75,870 and $80,000: Bitcoin would remain in consolidation while the market waits for a clearer balance between available supply and direct demand. Below $75,870: A confirmed daily breakdown would weaken the recovery and expose the next Fibonacci support near $72,400. Bitcoin has preserved its structure despite heavier activity from older coins. That is the constructive part of the current setup. The unresolved question is who finances the next leg: buyers taking ownership of Bitcoin or traders adding leveraged exposure.
A breakout accompanied by positive spot-demand growth would answer that question far more convincingly than another increase in futures activity alone.
This article is for informational purposes only and does not constitute financial or investment 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.
Bitcoin kicked off September on a weak note, falling below $78,000. Since 2013, September has been Bitcoin’s worst-performing month on average, with an average decline of around 3% and only five monthly gains, earning it the market nickname "Rektember". However, Bitcoin has posted gains in each of the past three Septembers. It rallied roughly 25% in August, its strongest monthly performance since November 2024, and may face short-term consolidation or even correction pressure. The macroeconomic environment is also weighing on assets. After Federal Reserve Chair Waller delivered hawkish signals at the Jackson Hole Economic Symposium, global bond markets sold off, pushing the U.S. 10-year Treasury yield to as high as 4.784%. Markets currently assign a roughly 66% probability of a 25-basis-point rate hike by the Fed on September 16, and are pricing in potential additional hikes this year. Higher interest rates typically tighten financial conditions, boost the U.S. dollar, and weigh on risk assets like Bitcoin. Meanwhile, persistent tensions in the Middle East have lifted oil prices, with WTI crude trading near $88 per barrel, while gold fell more than 2% on Tuesday. Traditional markets also face seasonal headwinds: since 1975, September is the only month with a negative average performance for the S&P 500 index.
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Injective: No Attack Occurred, Partial Validators Temporarily Jailed Due to Accelerated Upgrade
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Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The cryptocurrency market has demonstrated unexpected macroeconomic resilience, fully absorbing the impact of the Fed Chair's hawkish speech and the decline in the U.S. technology sector, according to analysts at market maker Wintermute in its latest review.
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Against this backdrop, Bitcoin successfully held its ground after a powerful rally, while institutional capital began actively rotating into altcoins, triggering record inflows into Solana and XRP funds.
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Key takeaways from Wintermute's report on who is saving crypto right nowFed Chair Kevin Warsh's remarks about bringing inflation back to 2% pushed the probability of a September interest rate cut to 61.9%. Traditional markets reacted with a decline: the Russell 2000 index of small-cap stocks fell 1.40%, while the technology sector entered a correction.
In previous macro cycles, this would have dragged crypto lower, but, as Wintermute emphasized, "the market absorbed a hawkish Fed Chair, the chip sell-off and month-end without giving back the breakout."
While Bitcoin consolidated after a 23% rally and closed the week flat (+0.10% near the $82,000 resistance level), large players shifted their focus to other assets:
The altcoin index rose 0.61%, outperforming Bitcoin and Ethereum.Solana and XRP became the main targets for whales: inflows into their ETFs reached 2026 records of $154 million and $110 million, respectively.Wintermute analysts noted that the outperformance of altcoins directly confirms a "broadening of capital rotation" across the industry.
Cross-asset performance (Bitcoin, Ethereum, altcoins, Gold, and Brent Oil) table for Week 35 showing digital and traditional asset returns, Source: WintermuteMarket levels are being supported by large funds rather than retail investors. Over the week, Bitcoin ETFs attracted $924 million — although a nine-day inflow streak ended on Friday with a $202 million outflow — while Ethereum funds finished firmly in positive territory, taking in $816 million without a single day of outflows.
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"Two consecutive weeks of institutional inflows are the difference between a short squeeze and sustained demand," Wintermute noted. Additional support comes from Strategy, which raised another $2 billion and currently holds around $1.6 billion in net cash, or "dry powder."
The short-term trend remains undefined, but prices are receiving strong support from underinvested large players that are ready to buy the dips.
The first test will come with U.S. payroll data this Friday, September 4. If Bitcoin holds the $75,000 and $72,000 levels, bulls will retain the initiative. A weekly close below $72,000 would completely invalidate the positive scenario, as below that level there is "no obvious floor."
Russia’s new cryptocurrency law takes effect on September 1, 2026, bringing Bitcoin, Ethereum, and USDT into a regulated market under the Bank of Russia’s supervision. Retail investors can now access the three approved assets through licensed platforms.
But strict purchase limits remain, and crypto payments inside Russia are still banned.
Key Provisions of the Russia Crypto LawThe law, signed by President Vladimir Putin on August 4, 2026, creates a regulated framework for crypto exchanges, brokers, custodians and other market operators.
These businesses will operate under the supervision of the Bank of Russia, with existing market participants given until July 1, 2027, to meet the new licensing requirements.
The law also gives cryptocurrencies legal status as property, allowing owners to seek legal protection over their digital assets.
It also allows exporters and importers to use crypto for international trade payments, giving Russian businesses another way to settle deals amid banking restrictions and sanctions.
Only BTC, ETH and USDT Make the ListThe biggest change for retail investors is the limited choice of assets.
Non-qualified investors can legally buy Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) through licensed domestic intermediaries. XRP, Solana (SOL), Cardano (ADA) and other cryptocurrencies are not included in the current list.
Retail investors must first pass a knowledge test and may purchase up to 300,000 rubles, roughly $3,700, per licensed intermediary per year. Qualified investors face no purchase limit.
However, owning these assets does not mean Russians can spend them freely. Crypto payments for goods, services, rent and other domestic transactions remain banned, with the ruble continuing to serve as the country’s legal tender.
Could Russia’s new rules Boost Bitcoin’s Demand?Russia’s new crypto rules could increase demand for Bitcoin, especially as businesses and large investors gain more ways to use digital assets.
Sberbank expects regulated crypto exchanges to handle up to 4 trillion rubles (about $46.4 billion) in trading volume in their first year.
The bank also plans to accept Bitcoin, Ethereum and USDT as collateral for corporate loans, which could bring more institutional money into the market.
If adoption continues, crypto trading volume in Russia could reach $87 billion by 2029.
Digital Ruble Rollout Starts Alongside Crypto LawThe new crypto rules are part of Russia’s wider digital money push.
Major banks must offer digital ruble wallets, while retailers earning more than 120 million rubles a year must accept payments in the digital ruble.
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Kripto para piyasasında büyük yatırımcıların hareketleri yeniden gündeme geldi. Son zincir üstü veriler, kurumsal yatırımcıların Bitcoin ve Ethereum tarafında yüz milyonlarca dolarlık transfer gerçekleştirdiğini gösteriyor. Özellikle merkezi borsalara yapılan yüksek miktarlı ETH transferleri ile Metaplanet’in Coinbase Prime işlemleri dikkat çekiyor.
On-chain verilere göre kimliği açıklanmayan bir kurum, son iki gün içinde toplam 52.739 ETH’yi Binance ve OKX’in de bulunduğu altı merkezi kripto para borsasına taşıdı. Transfer edilen Ethereum’ların toplam değeri yaklaşık 129 milyon dolar seviyesinde bulunuyor.
Ethereum Balinaları Neden Borsalara Transfer Yapıyor? Söz konusu kurumun transferleri, Ethereum tarafındaki en dikkat çekici işlemler arasında yer alıyor. Adreslerde hâlâ 101.561 ETH bulunuyor ve bu varlıkların güncel değeri yaklaşık 249 milyon dolar olarak hesaplanıyor.
Zincir üstü geçmiş, bu Ethereum’ların önemli bir bölümünün 2021 ve 2022 yıllarında Coinbase’den ortalama 1.700 dolar maliyetle çekildiğini ortaya koyuyor. Kurum, varlıkları 2023 yılında staking amacıyla Ethereum ağına yatırdı ve geçen yıl ocak ayında staking pozisyonlarından çıkardı.
Son iki günde ise ETH’ler önce iki farklı cüzdanda bir araya getirildi. Ardından varlıkların farklı merkezi borsalara aktarılması, kripto para yatırımcılarının dikkatini çekti.
Borsalara yapılan büyük transferler tek başına satış anlamına gelmese de yatırımcıların piyasa analizi yaparken izlediği önemli zincir üstü göstergeler arasında bulunuyor.
Cumberland Ethereum’ları Borsadan Çekti Kurumsal kripto işlem şirketi Cumberland’ın işlemi ise aynı dönemde farklı bir tablo ortaya koydu. Şirket, Binance’den yaklaşık 37,66 milyon dolar değerinde 15.390 ETH çekerek söz konusu varlıkları borsa dışındaki cüzdanlarına taşıdı.
Bu işlem, Cumberland’ın Binance üzerindeki Ethereum varlıklarının bir bölümünü kendi saklama adreslerine aktardığını gösteriyor. Böylece aynı zaman diliminde bir kurum merkezi borsalara yüksek miktarda ETH gönderirken, Cumberland Ethereum’larını borsadan uzaklaştırdı.
Bu farklı yönlü hareketler, büyük yatırımcıların kripto para piyasasında aynı stratejiyi izlemediğini ortaya koyuyor. Dolayısıyla tek bir transfer üzerinden piyasanın yönü hakkında kesin sonuç çıkarmak yerine işlem hacmi, cüzdan hareketleri ve fiyat verilerini birlikte değerlendirmek gerekiyor.
Metaplanet 186 Milyon Dolarlık Bitcoin Taşıdı Bitcoin tarafında ise Japon yatırım şirketi Metaplanet’in işlemleri öne çıktı. Şirket, son transferinde yaklaşık 186 milyon dolar değerindeki 2.400 BTC’yi Coinbase Prime’a gönderdi.
Bu işlem, Metaplanet’in gerçekleştirdiği en büyük tek seferlik Bitcoin transferi olarak kayıtlara geçti. Şirketin Coinbase Prime’a son bir hafta içinde gönderdiği toplam Bitcoin miktarı ise yaklaşık 7.200 BTC’ye ulaştı.
Bu transferlerin toplam değeri yaklaşık 720 milyon dolar olarak hesaplanıyor. Söz konusu miktar, Metaplanet’in yaklaşık 43.000 BTC’den oluşan Bitcoin rezervinin yüzde 17’sine denk geliyor.
Metaplanet’in bu büyüklükteki hareketi, kurumsal yatırımcıların Bitcoin stratejilerinin yakından takip edilmesine neden oluyor. Özellikle yüksek miktarlı BTC transferleri, piyasadaki arz ve potansiyel satış baskısına ilişkin değerlendirmelerde önemli bir veri olarak öne çıkıyor.
Kripto Balina Transferleri: Bitcoin Ve Ethereum’u Etkiler Mi? Son işlemler Bitcoin ve Ethereum tarafında balina hareketliliğinin oldukça yüksek olduğunu gösteriyor. Ancak merkezi borsalara gönderilen varlıkların doğrudan satılacağını veya borsadan çıkarılan coinlerin kesin olarak uzun vadeli tutulacağını söylemek mümkün değil.
Bu nedenle yatırımcıların yalnızca transfer büyüklüğüne bakmak yerine işlemin yönünü, geçmiş cüzdan hareketlerini ve ilgili kurumun önceki davranışlarını birlikte incelemesi gerekiyor. Son veriler, kurumsal aktörlerin aynı anda hem borsalara hem de borsa dışı cüzdanlara milyarlarca dolara yaklaşan ölçekte hareketlilik getirdiğini ortaya koyuyor.
Kripto para balinalarının yeni işlemleri, Bitcoin ve Ethereum fiyatlaması açısından önümüzdeki dönemde de önemli bir takip göstergesi olabilir.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Cryptocurrency prices are broadly consolidating on Tuesday, after the uptrend stalled amid renewed geopolitical tensions in the Middle East last weekend. Bitcoin (BTC)n hovers above $78,000 support as bulls struggle to extend gains. Meanwhile, Ethereum (ETH) and Ripple (XRP) mirror Bitcoin’s neutral-to-bullish outlook, trading above key support levels at $2,400 and $1.35, respectively.
Institutional demand persists as BTC, ETH and XRP consolidateAppetite for risk assets has remained relatively elevated in recent weeks, aligning with strong market sentiment. Based on the Fear & Greed Index, sentiment holds at 69 on Tuesday, improving slightly from 62 the previous day.
This suggests investor greed against the backdrop of last month's fear. If sustained, higher demand for digital asset investment products could cushion headwinds and raise the odds of a renewed recovery.
Crypto Fear & Greed Index | Source: AlternativeBitcoin spot Exchange-Traded Funds (ETFs) saw roughly $217 million in inflows on Monday, following outflows of $202 million last Friday. Cumulative inflows currently stand at $55 billion, while net assets under management average $100 billion, according to SoSoValue.
Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs have printed an extended bullish streak, with inflows totaling $88 million on Monday. Cumulative inflows are now at $13 million, up from $11 million on August 17. This shows that demand remains steady as institutional investors increase exposure.
ETH/USDT daily chartXRP spot Exchange-Traded Funds (ETFs) notched a tenth straight day of inflows, adding nearly $6 million on Monday. Cumulative inflows have reached $1.66 billion, with average net assets under management holding steady at $1.45 billion.
XRP ETF flows | Source: SoSoValueTechnical Analysis: Bitcoin maintains sideways action Bitcoin trades at $78,324, extending its advance well above the main Exponential Moving Averages (EMAs) and keeping a clear bullish near-term bias, suggesting a well-supported uptrend despite the latest consolidation off recent highs.
The Relative Strength Index (RSI) near 70 hovers just below overbought territory, while the Moving Average Convergence Divergence (MACD) indicator remains positive, hinting that bullish momentum is still present but becoming more measured.
BTC/USDT daily chartOn the downside, the first meaningful support zone is the 50-day EMA around $70,046, followed by the 100-day EMA at $69,086, where buyers could defend the broader trend if a deeper pullback unfolds. Further below, the 200-day EMA at $72,351 would act as a more strategic medium-term floor in a larger corrective phase, keeping the overall structure constructive as long as BTC holds above these moving-average layers.
Altcoins technical analysis: Ethereum and XRP face a capped upsideEthereum maintains a bullish near-term bias as price holds well above the 50-day, 100-day and 200-day EMAs, clustered between roughly $2,045 and $2,170, which collectively underpin the advance. The Relative Strength Index (RSI) around 68 remains in bullish territory, close to the overbought threshold, while the MACD has flattened near the zero line, suggesting upside momentum is positive but losing some intensity.
ETH/USDT daily chartImmediate support is at the current pivot area around $2,458, with a deeper cushion from the EMA 200 at $2,168, the EMA 50 at $2,117, and the EMA 100 at $2,047, forming a broad structural demand zone on pullbacks. With no nearby technical resistance on the daily chart, any continuation of the uptrend would likely be driven by fresh buying pressure, although the elevated RSI warns the pair could first consolidate or correct toward the EMA cluster before attempting new highs.
XRP holds above the 200-day EMA at $1.35, keeping the broader structure supported despite the recent pullback from the highs. Shorter-term trend metrics remain constructive, with the 100-day EMA at $1.21 and the 50-day EMA at $1.21 well below spot, while the RSI at 61 suggests bullish but not overextended conditions. By contrast, the MACD has slipped marginally negative, hinting at waning upside momentum rather than a clear trend reversal at this stage.
XRP/USDT daily chartOn the downside, initial support is at $1.37, acting as a near-term pivot, ahead of stronger structural demand at the 200-day EMA around $1.35. A deeper correction would expose the next support band formed by the clustered 100-day and 50-day EMAs in the $1.21 zone. With no significant upside technical reference levels immediately overhead on the daily chart, price action around $1.37-$1.35 will be critical. Holding above the 200-day EMA would keep the bullish bias intact, while a daily close below it would signal a broader loss of trend support.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
ARK Invest and Glassnode have released a joint white paper titled “The Decentralization Spectrum: Design Tradeoffs In Digital Assets,” offering what amounts to a report card for the three largest Layer-1 blockchains. The research evaluates Bitcoin, Ethereum, and Solana across four design features and six measurable dimensions, building a comparative framework that treats decentralization not as a binary quality but as a sliding scale shaped by deliberate architectural choices.
What the framework actually measures The report maps each network against four distinct design features and six quantifiable dimensions to assess decentralization, security, and resilience. Bitcoin, Ethereum, and Solana each make fundamentally different engineering decisions. Bitcoin prioritizes simplicity and security through its proof-of-work consensus. Ethereum balances programmability with decentralization through its proof-of-stake transition. Solana optimizes for speed and throughput, which inherently requires different compromises.
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The white paper’s core argument is that these aren’t accidental differences. They’re deliberate tradeoffs, and understanding them requires looking at verifiable network properties rather than market narratives or token prices. This aligns with the long-running blockchain trilemma discussion, which holds that networks can optimize for at most two of three properties: decentralization, scalability, and security.
A partnership years in the making ARK Invest and Glassnode have been working together since at least 2021, when Cathie Wood’s firm began deepening its reliance on on-chain analytics as part of its broader digital asset research strategy. Earlier joint efforts focused primarily on Bitcoin fundamentals, using Glassnode’s data infrastructure to evaluate network health independent of price action.
Glassnode’s role as a blockchain data and intelligence provider gives the partnership its empirical backbone, supplying metrics and tools designed for institutional-grade stakeholders. Expanding the scope from Bitcoin-only analysis to a three-chain comparative study signals a meaningful evolution, suggesting that ARK views Ethereum and Solana as warranting the same level of fundamental scrutiny it has historically reserved for Bitcoin.
Why institutions care about decentralization metrics Decentralization isn’t just a philosophical preference. It directly affects a network’s censorship resistance, its vulnerability to single points of failure, and its regulatory risk profile. The report’s emphasis on verifiable network properties over price-driven metrics represents a notable shift in how digital assets get evaluated in institutional contexts.
This also feeds into the growing regulatory conversation around what constitutes sufficient decentralization. Regulators in the US and elsewhere have signaled that a network’s degree of decentralization may influence how its associated tokens are classified. Research that quantifies these properties gives both issuers and investors a more defensible basis for those arguments.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: Musk tied Tesla’s Bitcoin payment return to miners reaching roughly 50% clean energy usage. Tesla still holds 11,509 BTC worth roughly $386 million despite halting BTC payments in 2021. Bitcoin mining’s clean energy share has reportedly passed the 50% level Musk once requested. Musk has voiced support for Dogecoin and Ethereum, showing a wider crypto interest beyond BTC. Bitcoin sits at the center of a lingering question surrounding Tesla and Elon Musk. Tesla suspended direct BTC payments in 2021 over mining energy concerns.
Musk said the company would reconsider once miners reached roughly 50% clean energy usage. That figure has reportedly been surpassed in recent research. Still, Tesla has given no confirmation that Bitcoin payments will return.
Why Tesla Paused Bitcoin Payments in the First Place Crypto Patel, a commentator, laid out the background behind Musk’s Bitcoin decision on X. Tesla accepted Bitcoin briefly in early 2021 before halting the option.
Musk cited the environmental cost of Bitcoin mining as the main reason. Fossil-fuel-heavy mining operations drew the most criticism at that time.
ELON MUSK’S BITCOIN VISION: WILL TESLA ACCEPT bitcoin:native AGAIN?
Elon Musk’s Bitcoin stance is more nuanced than simply bullish or bearish.
In 2021, Tesla stopped accepting #BTC over concerns about Bitcoin mining’s fossil-fuel usage. Musk later said Tesla would resume… pic.twitter.com/yinI7HsY4s
— Crypto Patel (@CryptoPatel) August 31, 2026
Musk’s condition for resuming Bitcoin payments was narrow and measurable. He asked for close to 50% clean energy use among miners.
He also wanted that clean energy share to keep trending upward. This made his position about mining practices rather than Bitcoin as a concept.
That distinction is often missed when people summarize Musk’s Bitcoin stance. He did not reject Bitcoin outright as a currency or technology.
His objection centered on carbon intensity tied to proof-of-work mining. Cleaner mining, in his framing, could remove that objection over time.
Some data now suggests Bitcoin mining’s clean energy share has passed 50%. That would technically satisfy the number Musk gave back in 2021.
However, meeting a stated threshold does not guarantee a policy change. Tesla has stayed silent on any plan to reinstate Bitcoin payments.
What Tesla’s Bitcoin Holdings Reveal About Musk’s Position Tesla never sold off its Bitcoin holdings after pausing payment acceptance. The company’s Q2 2026 SEC filing listed 11,509 BTC on its books.
That position carried an acquisition cost of roughly $386 million. Holding Bitcoin as a reserve asset differs from accepting it at checkout.
Keeping Bitcoin through years of price volatility points to a longer view. Rejecting Bitcoin payments and abandoning Bitcoin as an asset are separate decisions.
One choice involves daily transaction infrastructure and customer-facing systems. The other reflects treasury strategy and long-term balance sheet exposure.
Musk’s public comments on cryptocurrency have also extended beyond Bitcoin. He has been associated with both Dogecoin and Ethereum at different points.
This points to a broader interest in digital assets generally. Even so, his support does not appear to treat every coin the same way.
The core question remains whether Tesla will act on Musk’s original condition. Bitcoin mining has grown cleaner, and payment infrastructure has continued to improve.
Musk set his benchmark in 2021 without a fixed return date attached. Until Tesla makes an announcement, Bitcoin payments at Tesla remain an open question.
As the regulatory framework for the U.S. cryptocurrency market gradually matures, an increasing number of investors are seeking compliant and efficient ways to acquire digital assets.
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About FT mining FT mining is a UK-licensed cloud cryptocurrency mining platform. Established in 2021 and headquartered in London, the company is dedicated to providing efficient and affordable cryptocurrency mining solutions by leveraging advanced hardware, intelligent algorithms, and cloud infrastructure. With over 10 million users across more than 180 countries and regions, FT mining delivers convenient and scalable cryptocurrency mining services to a global audience.
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Tether CEO Paolo Ardoino posted a cow GIF on Monday and captioned it “Here’s a Stable Cow,” confirming Tether’s majority stake in agribusiness Adecoagro (AGRO).
The joke lands on real assets. Adecoagro farms sugarcane, rice, and dairy, and its herd runs to more than 14,500 milking cows.
Inside the Farms Behind Tether’s ‘Stable Cows’Tether raised its Adecoagro position to roughly 70% in 2025 through a tender offer. Four free-stall dairy units sit in the Argentine Humid Pampas. Meanwhile, two biodigesters convert cattle waste into biogas and push electricity onto the local grid.
Ardoino broke the trade down to its parts in a second post.
$AGRO = 🐄 + 🍅 + 🌽 + 🥛 + …..
Investors bought the framing. AGRO closed Monday at $11.38, a gain of 5.96%, valuing the producer near $1.55 billion.
The Stable Cows label also cuts at Tether’s reserve debate. KPMG signed off on the 2025 accounts, yet the verified excess reserve cushion has since shrunk 40%. Farmland and cattle rarely settle overnight, so hard assets complicate that liquidity math.
How Cow Power Fuels the Bitcoin Mining PushAdecoagro controls more than 230 megawatts of renewable generation across South America. Sugarcane bagasse, biogas, and mill cogeneration supply the output. Consequently, Tether can route surplus power into mining rigs instead of dumping it on volatile spot markets.
Both sides signed a mining memorandum in September 2025. Adecoagro CEO Mariano Bosch pitched it as a way to lock in pricing on power the company currently sells on the spot market. Mining now resembles an energy infrastructure business more than a software trade.
Tether runs those sites on in-house mining software that the firm open sourced. That stack hands it direct control over uptime, rig fleets, and power costs.
Adecoagro (AGRO) share price chart, Source: TradingViewRivals still prefer buying coins outright. Michael Saylor calls corporate Bitcoin adoption inevitable and keeps stacking. Ardoino builds the power stack first, echoing state backed mining strategies that treat cheap energy as the prize.
Adecoagro’s next earnings will show whether Tether beats grid contracts on cost. Investors will also watch how fast Tether folds these farms into wider real world asset plans.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Elon Musk: AI is expected to significantly boost productivity, which could lift the global economy by 20% to 30%.
Elon Musk stated in his speech at the G20 summit that he expects artificial intelligence to significantly boost productivity, noting that AI could lift the global economy by 20% to 30%.
4 minutes ago
Bonk Guy today issued a buy call for USELESS, with the token rallying over 50% in 24 hours and its market cap rising to $104 million.
According to GMGN data, Solana ecosystem meme coin USELESS has rallied over 50% in 24 hours, now trading at $0.1051 with a market cap of $104 million. On the news front, earlier today, the figure known as "Bonk Guy" reflected on his meme coin trading track record, disclosing he once traded BONK with 6x leverage for $16,000 and pocketed over $20 million in profits. Though he later gave back all those accumulated gains on October 10, this isn’t his only high-value trading win. He added that during the last cycle, he also grew funds ranging from low five to six figures to over $5 million to $10 million via trades of meme-related tokens including DOGEGOV, MAGA, and Roaring Kitty. Unipcs also noted that his current bullishness on USELESS is even stronger than when he traded BONK in 2023, pointing out that USELESS previously surged from a market cap of around $4 million to $450 million outside of a bull market, and could see even larger upside if it experiences a genuine bull market for the first time in the future.
4 minutes ago
Open-source Agent framework Pi hits 100,000 stars, v2 coming soon.
Beating AI News Brief: Pi’s GitHub Repository Surpasses 100,000 Stars, Official Teases Upcoming Pi v2. Pi is an open-source Agent harness that also provides a terminal Coding Agent. Over the past month and a half, Pi has been rewriting its underlying Agent runtime framework. At the end of July, it first unveiled Harness v2, adding key features including task persistence, crash recovery, and multiple execution lanes. Shortly after this design was integrated into official APIs in early August, the team began work on Harness v3, which involved a full redesign of storage and runtime states. The v3 work was later consolidated into the current unified harness.md. The new Harness is designed to let Agents resume from their last safe state even if the process crashes mid-execution, and support parallel execution of multiple Agent tasks on the same session history. The current dev branch still has hundreds of commits not yet merged into main, with the new Harness under rapid development.
4 minutes ago
Token 'Niulai' plunges over 21% in 24 hours, market cap falls to $87 million.
According to GMGN market data, the BSC-based meme coin "Niu Lai" has fallen more than 21% in 24 hours, with its market capitalization dropping to $87 million. BlockBeats reported yesterday that all screenings of the movie "Niu Lai" have been extended to 23:59 on October 4, 2026. As of press time, the film "Niu Lai" has accumulated a box office (including pre-sales) of over 60 million yuan, and AI forecasts its total box office will exceed 69 million yuan.
4 minutes ago
US crypto-related concept stocks saw their intraday declines widen, with PURR plunging more than 7%.
According to market data from BIT (bit.com), US-listed cryptocurrency-related stocks saw their intraday declines widen, with MSTR down 6.12%, CRCL down 5.94%, COIN down 4.53%, BMNR down 5.73%, SBET down 5.16%, and PURR down 7.02%.
4 minutes ago
Bitunix launches On-Chart Order Preview feature
Bitunix has officially launched the On-Chart Order Preview feature, allowing users to preview entry prices and estimated liquidation prices for long and short positions directly on the K-line chart before placing an order. Users can adjust prices in real time by dragging the preview line, with order details in the order panel updating simultaneously. This feature gives users a clearer view of their positions before executing trades, enabling intuitive understanding of entry points and liquidation risks, and effectively reducing operational errors. This update marks another key step in Bitunix’s ongoing optimization of its chart trading experience, further advancing the platform’s core concepts of Ultra Products and Ultra Experience.
ARB and CRV are back in the top 100 alts after massive daily gains of 24% and 15%, respectively.
After dipping below $77,000 on Monday morning following the new strikes in the Middle East, BTC jumped by two grand, but it was stopped again and now sits in the middle of this range.
Most larger-cap alts have failed to recover the recent losses, with ETH still struggling at $2,450, XRP well below $1.40, and BNB beneath $690.
BTC Settles at $78K After its best week of the year marked in the middle of August, bitcoin tried to take full advantage of this resurgence at the end of the month, surging past $81,000 on a couple of occasions. However, the bears stepped up and didn’t allow another leg up.
Just the opposite; BTC started to lose value rapidly on Friday after the hawkish speech by new Fed Chair Kevin Warsh at Jackson Hole, and dipped below $77,000. It managed to quickly erase some of the losses and spent Saturday trading above that level.
The bulls returned on Sunday with a minor increase to $79,000. However, the resumed strikes between the US and Iran resulted in another nosedive. Bitcoin slipped to $77,000 once again on Monday before it rebounded to $79,000 and now sits between the two boundaries.
Its market capitalization remains stagnant at $1.560 trillion on CG, while its dominance over the alts is at just under 58%.
BTCUSD September 1. Source: TradingView UNI Keeps Pumping Uniswap’s native token is the top performer today once again, surging by another 10% daily (over 32% weekly) to a multi-month peak of almost $6.00 earlier today before it retraced to the current $5.65. RAIN and NEAR have posted gains of around 4%, while HYPE is up by over 2%.
In contrast, TRX is down by nearly 2% to $0.33, SOL has slipped toward $100 after another 1% dip, and ETH remains below $2,450. BNB can’t get past $690, while XRP struggles below $1.40. Even more painful declines come from MNT and SKY.
On the other hand, CRV and ARB have returned to the top 100 alts by market cap. The former has rocketed by 15%, while the latter is up by 24% daily.
The total crypto market cap remains just over $2.7 trillion on CG.
Cryptocurrency Market Overview September 1. Source: QuantifyCrypto Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
CME Group has launched two multi-asset cryptocurrency benchmarks, including a 10-token index that leaves out Bitcoin and Ether and tracks assets such as BNB, XRP, Solana and Hyperliquid.
Summary
CME launched two crypto benchmarks, including a 10 token index that excludes Bitcoin and Ethereum. The Emerging Crypto Index tracks BNB, XRP, SOL, HYPE, LINK, XLM, SUI, UNI, AVAX and AAVE. Both indexes use free float market cap weighting and are reviewed twice a year in June and December. Real time index values are calculated every second, while daily settlement versions are published across three regions. The benchmarks can be licensed for investment funds and derivatives, extending CME’s push into multi asset crypto products. According to CME Group’s index documentation, the CME CF Emerging Crypto Index and CME CF Crypto Market Index went live Monday, giving market participants separate measures for large crypto assets outside Bitcoin and Ether and for the crypto market including the two largest cryptocurrencies.
Now live: Two new Multi-Asset Indices for cryptocurrency tracking, developed with @CFBenchmarks:
🔹 CME CF Crypto Market Index (includes bitcoin & ether)
🔹 CME CF Emerging Crypto Index (excludes bitcoin & ether)
Access real-time pricing and regional settlements. pic.twitter.com/3XTfCVZpLl
— CME Group (@CMEGroup) August 31, 2026 The Emerging Crypto Index contains BNB, XRP, Solana, Hyperliquid, Chainlink, Stellar Lumens, Sui, Uniswap, Avalanche and Aave. Bitcoin and Ether are excluded by design, leaving the index focused on 10 of the largest qualifying crypto assets outside the two market leaders.
Its companion Crypto Market Index tracks 12 assets. It uses the same 10 tokens but includes Bitcoin and Ether, creating a separate benchmark for measuring the large-cap crypto market with BTC and ETH included.
CME crypto indexes provide real-time and daily benchmarks CME calculates real-time versions of both indexes every second and operates them 24 hours a day, according to the exchange’s FAQ. Separate settlement versions are calculated once each day and published at 4 p.m. in London, New York and Singapore/Hong Kong.
Both benchmarks use free-float market capitalization to determine constituent weights. Under the system, cryptocurrencies with a higher market value of tokens considered available for trading receive a larger share of the index.
CME plans to review the baskets twice a year. Reconstitution and rebalancing take place on the first business day of June and December, allowing the constituent lists and their weights to change as qualifying assets move in market value.
The Emerging Crypto Index specifically seeks the 10 largest assets that meet its requirements after Bitcoin and Ether are removed from consideration. The Crypto Market Index targets 12 qualifying cryptocurrencies while keeping BTC and ETH eligible.
Eligibility goes further than market capitalization. Under the emerging index methodology, an asset must meet custody requirements, while meme coins are excluded. CME applies a protocol-use test based on total value locked relative to fully diluted market capitalization.
The methodology contains a separate provision for newly eligible assets when an index is first created. Cryptocurrencies that do not yet qualify under U.S. national stock exchange generic listing standards for crypto exchange-traded products can still enter if they are expected to comply within 30 days.
Such assets are limited to a combined maximum weight of 10% at inception. During later scheduled reviews, constituents are required to meet the generic listing standards in force at the time.
Emerging Crypto Index is designed for financial products The Emerging Crypto Index was built to be investible and capable of supporting passive replication by funds, according to its methodology. It can serve as a settlement benchmark for derivatives, giving the index a potential role beyond measuring spot crypto prices.
CF Benchmarks lists the emerging index as available for licensing for financial products, investment funds and derivatives. The Crypto Market Index carries the same licensing option.
CME has already used a multi-token benchmark as the settlement basis for listed crypto derivatives.
As crypto.news previously reported, the exchange launched crypto index futures in June that give traders exposure to eight cryptocurrencies through a single cash-settled contract.
Trading in the Nasdaq CME Crypto Index futures began June 8. The underlying basket contained Bitcoin, Bitcoin Cash, Ether, Solana, XRP, Cardano, Chainlink and Stellar Lumens when the contracts were introduced.
The standard futures contract trades under the NCI ticker and represents $10 multiplied by the index value, while the micro MCI contract is sized at $1 times the index. Both settle against the Nasdaq CME Crypto Settlement Price Index instead of requiring delivery of the underlying cryptocurrencies.
Before trading began, CME described the product as its first market-cap-weighted cryptocurrency futures contract when it announced the planned June launch in May.
The two benchmarks introduced Monday are separate index families from the Nasdaq CME benchmark used by those futures. Their methodologies and constituent baskets differ, with the Emerging Crypto Index specifically removing Bitcoin and Ether from its eligible universe.
CME has expanded regulated altcoin products in 2026 CME’s crypto derivatives lineup has moved further into individual altcoins during 2026, placing several assets now represented in the new indexes within its existing regulated market infrastructure.
In May, the exchange introduced Avalanche and Sui futures, adding two assets that now sit inside both of the new CME CF index baskets.
Standard Avalanche futures were launched with a contract size of 5,000 AVAX, accompanied by micro contracts representing 500 AVAX. Sui contracts were sized at 50,000 SUI, while their micro versions represented 5,000 tokens.
Those products joined existing CME futures tied to Bitcoin, Ether, Solana, XRP, Cardano, Chainlink and Stellar. The exchange had progressively added single-asset contracts as its cryptocurrency derivatives business moved past its original Bitcoin and Ether products.
Access to the crypto derivatives market changed again at the end of May when CME moved crypto trading to 24/7 on its regulated platform.
More than 7,200 cryptocurrency futures and options contracts changed hands during the first weekend after continuous trading started May 29, generating roughly $50 million in notional volume.
The schedule covers CME’s cryptocurrency futures and options while retaining brief maintenance periods. The change brought trading hours closer to the continuous operation of underlying crypto spot markets and removed the regular weekend closure that had previously separated CME trading from round-the-clock cryptocurrency markets.
CME’s two new index families operate continuously as well, with their real-time benchmarks updating once per second across the full 24-hour day. Their settlement versions provide fixed daily reference points across London, New York and Singapore/Hong Kong, while constituent eligibility and weighting are reassessed during the June and December reviews.
DeFi Development Corp. plans to raise up to $20 million through a preferred stock offering. It carries an initial annual dividend rate of 13%.
The Solana (SOL) treasury company intends to use part of the proceeds to buy more SOL. It resumed accumulation last week as market conditions turned more favorable.
What the Preferred Stock OffersDFDV announced that it plans to conduct an IPO of its Variable Rate Series C Perpetual Preferred Stock, known as CHAD Stock.
Dividends will accrue on a stated amount of $10 per share. Payments will be made each business day of each calendar month, beginning October 1, 2026.
The initial annual dividend rate is 13%, subject to adjustment under the stock’s terms. DFDV also intends to deposit $1.30 per share into a separate account at closing.
The reserve would cover 12 months of dividend payments at the initial 13% rate. The company can fund it with existing cash, financial instruments, and/or digital assets. R.F. Lafferty & Co. is acting as the sole book-running manager.
“The Company intends to use the net proceeds from the offering for general corporate purposes, including for working capital, the acquisition of SOL and other digital asset-related investments, strategic transactions and growth initiatives,” the firm said.
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Buying Restarted Days Before the OfferingThe firm is already one of the largest public holders of SOL. Last week, it added 19,000 SOL at an average price of $98.14.
That purchase lifted its treasury to about 2.33 million SOL and SOL equivalents. The company partly funded the acquisition by divesting its ZeroStack position, citing improving market conditions.
Chief Executive Joseph Onorati described DFDV as a leveraged way for investors to gain exposure to SOL.
“When SOL performs well, we believe DFDV has the potential to amplify that performance. Month-to-date, DFDV’s return has been more than twice that of SOL,” he said.
The move comes as the broader crypto market strengthens. SOL gained 41.4% in August, making it the token’s first positive month of 2026 after losses in every month since January.
Solana Price Monthly Returns. Source: CryptoRankStrategy also resumed Bitcoin (BTC) accumulation after a 10-week pause, while Strive and BitMine continued adding to their digital asset holdings.
For now, the raise shows treasury firms testing investor appetite again after a difficult stretch. Whether that window stays open will shape how much more SOL DFDV can add.
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Institutional appetite for crypto exchange-traded funds is widening well beyond Bitcoin, with capital flowing back into BTC funds and significant inflows continuing for both Ethereum and Solana ETF products.
Bitcoin ETF Inflows Rebound Amid Market CautionSpot Bitcoin ETFs in the United States attracted approximately $217 million in net inflows on August 31, reversing the prior session’s $202 million outflow, according to data compiled by Farside Investors and SoSoValue. BlackRock’s iShares Bitcoin Trust (IBIT) contributed $205.9 million of that day’s inflows, signaling ongoing interest from major institutions.
Last week, a streak of nine consecutive sessions brought nearly $3 billion into Bitcoin ETFs, marking one of the strongest periods of institutional demand for the asset so far in 2026. That buying run was briefly interrupted by Friday’s withdrawals, but Monday’s inflow pointed to continued resilience in BTC-focused products.
Despite these inflows, Bitcoin’s price traded between $78,000 and $79,000 Tuesday, remaining below the $80,000 mark after a brief breakout earlier in August. The combination of higher Treasury yields and market expectations for another Federal Reserve interest rate increase is adding pressure to risk assets, including digital currencies, as investors weigh broader macroeconomic risks.
Solana ETFs Reach $1 Billion MilestoneSolana is emerging as a clear indicator that institutional interest in regulated crypto funds is broadening. The Bitwise Solana Staking ETF (BSOL) reached $1 billion in assets under management on August 28—just ten months after its introduction—making it the first US-listed Solana ETF to cross this threshold.
This milestone comes as Solana’s native token, SOL, continues to trade well below its January 2025 all-time high. On Tuesday, SOL was near $102, roughly 65% under its peak, and saw a slight decrease over 24 hours. Despite this, institutional allocations have grown steadily, with BSOL accumulating over $1 billion from a total of $1.30 billion net flows into US Solana ETFs by August 28, based on Farside data. Other issuers such as Fidelity and Grayscale have seen smaller but notable inflows.
Mini dictionary: Bitwise Asset Management is a US-based investment firm specializing in cryptocurrency index and strategy funds. The Bitwise Solana Staking ETF gives institutional investors exposure to SOL and its staking rewards via a regulated vehicle, helping to broaden access to Solana’s blockchain ecosystem.
ETFAssets Under ManagementNet Flows (Cumulative)Token PriceBSOL (Solana)$1 billion$1.0+ billion$102US Solana ETFs (Total)–$1.3 billion$102Spot Bitcoin ETFs–$3 billion (9-day streak)$78,000-$79,000Institutional allocations to Solana ETFs are reaching new highs, with the Bitwise Solana Staking ETF surpassing $1 billion in under a year—even while SOL trades far below its previous peak.
Ethereum ETF Inflows Continue UnabatedEthereum has also experienced a strong wave of institutional support. Spot Ether ETFs in the US received nearly $88 million in net inflows on Monday, representing the eleventh consecutive day of positive flows, according to SoSoValue. The recent run has now attracted about $1.6 billion, marking the longest stretch of inflows since Ether ETFs posted a 20-day streak that ended in July 2025.
Coinpaper reported that strong inflows for Bitcoin and Ethereum ETFs often align during periods of market optimism for BTC, but Solana’s recent progress indicates a new phase where multiple alternative assets capture sustained attention from institutional investors.
The latest inflows for US spot Ether ETFs push the consecutive streak to 11 days with $1.6 billion raised, signaling persistent demand beyond Bitcoin.
While Bitcoin continues to dominate the institutional landscape, these developments highlight that investor interest in regulated crypto investment vehicles is no longer limited to BTC.
If the current trends persist, September could serve as a pivotal period to assess whether ETF-driven demand remains tied to Bitcoin price movements or signals a broader reshaping of capital flows across the digital asset market.
The number of addresses holding at least one million dollars in bitcoins increased by 10.4% during the month of August. According to available statistics, it rose from 111846 to 123482. This increase accompanies the monthly rebound of more than 20% of BTC. However, it does not mean that 11636 people became millionaires, because an address does not necessarily equate to a single investor.
In brief The number of Bitcoin millionaire addresses increased by 10.4% in August, rising from 111846 to 123482. The monthly rebound of more than 20% of BTC largely contributed to this increase. Addresses holding more than 10 million dollars also increased, reaching 15584. Exchanges, companies, and other major players can control multiple Bitcoin addresses. Despite the August increase, the number of millionaire addresses remains below the January level. The Bitcoin rally breaks new thresholds At the end of July, 111846 addresses held at least one million dollars in BTC, while more than one million accounts held one token. Their number was about 123482 on August 31, representing an increase of 11636 addresses in one month.
This evolution also concerns the largest wallets. The number of addresses capitalized at more than 10 million dollars rose from 14009 to 15584. This group therefore gained 1575 additional addresses, or 11.24%.
Key figures allow us to assess the scale of this movement :
123482 addresses held more than one million dollars in BTC as of August 31 ; Their number increased by 11636, or 10.4%, in one month ; 15584 addresses exceeded the threshold of 10 million dollars ; Bitcoin was worth approximately 78092 dollars, up 21.46% over thirty days. This increase is largely due to the rise in Bitcoin. An address does not necessarily need to receive new BTC to cross a threshold expressed in dollars. The price increase alone is enough to raise the value of its balance.
At a price of 78092 dollars, nearly 12.8 BTC are needed to surpass one million dollars. Using as a reference a price nearly 21.5% lower one month earlier, about 15.6 BTC had to be held. Addresses holding between these two levels could thus become “millionaires” without acquiring new bitcoins.
A millionaire address does not always represent a person The expression “bitcoin millionaire” must be explained with caution. Indeed, the blockchain allows the counting of addresses and viewing their balances, but it does not systematically disclose the identity of their holders.
From this perspective, the same person can control various addresses. At the same time, an address belonging to an exchange can group the bitcoins of thousands of clients. Some addresses are also linked to companies, funds, governments, or custody services.
Statistics mainly reveal that some of the best-endowed addresses are attributed to Binance, Robinhood, Bitfinex, or Tether. Through their presence, it is impossible to confuse the number of addresses with the actual number of wealthy owners.
Internal transactions of exchanges also alter the statistics. Thus, the distribution of their reserves into various new addresses by an actor can increase the number of millionaire addresses without any observation of new investors arriving or additional wealth being created.
The January level remains out of reach Despite the rise in August, the number of wealthy addresses remains below that observed at the beginning of the year. At that time, there were 131125 addresses valued at more than one million dollars, compared to 123482 as of August 31. There are still 7643 addresses missing to reach this level again.
The same gap is observed among addresses holding 10 million dollars. Indeed, their number was 16355 in January, which is 771 more than at the end of August.
The idea of a full return of the bull market is nuanced by this difference. Thus, BTC had its best month since November 2024, but it remains well below its all-time high. The number of millionaire addresses therefore remains very sensitive to price fluctuations.
To distinguish a true accumulation from a mere capitalization effect, one will need to look at balances expressed in BTC, flows to exchanges, and the holding duration. A new increase in the number of millionaire addresses would have more value if it were accompanied by net acquisitions, rather than just mechanically surpassing a dollar threshold.
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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.
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.
Bitcoin price rose 24.95% in August, and still trades 9.62% below where it started the year. The month was bought almost entirely by funds.
Everyone else was selling into it.
Why Did the Price Rise 25% in August?US spot Bitcoin ETFs took in $3.52 billion during August, per SoSoValue data. Only five of 21 sessions saw money leave.
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That single month outweighs everything before it. Across January to July, the same funds lost a net $5.30 billion. August did not just beat the year, it reversed it.
Bitcoin ETF Month Aftermath: BeInCryptoThe problem is what months like this have preceded.
Will the Price Crash in September 2026?Twelve months since these funds launched have drawn $3 billion or more. Bitcoin fell in the month straight after seven of them. The average return in those following months is 0.13%, against 2.93% for an average month.
Seasonality points the same way. Bitcoin has closed August green only two times since 2020 (before this year), and on both the occasions, September fell 7.30% and 7.96%.
BTC Price History: CryptoRankOne thing argues back. The last three Septembers all finished higher, so September’s reputation as Bitcoin’s worst month is out of date.
Who Was Selling While BTC Surged?Hodler Net Position Change, which measures whether long-term holders are adding coins or releasing them, stayed negative for the whole rally. It turned red on August 2 and stayed there for four weeks.
Bitcoin Hodler Net Position Change: GlassnodeThen it flipped. August 31 printed the first green bar since July, at 2,044 BTC.
Large wallets did the same thing and have not reversed it. Addresses holding more than BTC fell from 1,963 on July 31 to 1,908, a loss of 55 wallets during a 25% rally.
Bitcoin Whale Address Count: GlassnodeSo the rally was funds buying what holders and whales were handing over. That matters, because it means the selling side was working through supply rather than reacting to bad news.
Are Big Traders Still Betting Big?Their futures book says yes. Bitcoin’s positioning divergence score sits at 21.2, with top traders holding 111 points more long exposure than the average account.
Bitcoin Positioning Divergence: Charlie Quant LabThe reading is specific to Bitcoin. XRP scores 2.7, meaning no meaningful gap between top-traders and everyone else.
XRP Positioning Divergence: Charlie Quant LabThat confidence is also the risk. Binance alone carries $3.00 billion in long liquidation leverage below the price against $1.80 billion in short leverage above it.
Bitcoin Liquidation Map: CoinGlassTherefore, a small BTC price drop could hurt the price prediction more going into September, as it might trigger a long flush.
Bitcoin Price Prediction: The Levels That Decide SeptemberBitcoin trades near $79,108. Everything rests on $77,057, the floor this range has held since the breakout, because losing it removes support all the way to $62,207.
Bitcoin Price Analysis: TradingViewUpside needs proof. A daily close above $82,656 opens $91,719, and only a move through that level would argue the bull phase is back, with $100,782 beyond it. Volume has to come with it, and buying volume only began recovering between August 29 and 31.
Analyst’s View: The pattern says funds buy late, and August’s money arrived after a 25% move in a year Bitcoin is still down. Against that, holders stopped selling on the final day of the month and the largest traders are positioned long. Which side wins in this Bitcoin price prediction war will be decided by the tussle between the historical bearishness and the current bullishness.
Gold has fallen 5.5% from the 4,697 three-month high it reached on August 25, trading near 4,436 at press time. Goldman Sachs still expects 4,900 by year-end.
The slide has pushed the metal under its 200-day moving average. Barchart said gold has now recorded multiple closes below the line, the first since early June.
Gold Price on September 1. Source: TradingViewGold Rally Stalls at a Level Traders Watch CloselyThe 200-day moving average tracks an asset’s average closing price over the previous 200 sessions. Gold now sits under that line, which stood near 4,529. The metal briefly traded below 4,400 on Monday, its weakest level since August 19.
Barchart noted that the SPDR Gold Shares fund entered a technical correction the last time gold logged multiple closes below the average. That precedent covers one prior episode, not a pattern.
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Gold now has multiple closes below its 200-day moving average for the first time since early June 🚨 $GLD went into a technical correction the last time this happened 📉 📉 pic.twitter.com/DbGVgNNqTq
— Barchart (@Barchart) August 31, 2026
Renewed bets on a Federal Reserve rate hike have driven the latest leg down. Higher rates weigh on gold because the metal pays no yield.
Goldman Sachs and Fidelity Still Point HigherNonetheless, Goldman Sachs Research reaffirmed its 4,900 target for the end of 2026 in a note published August 28. From the press-time price, that implies roughly 10% upside.
The bank had cut that target by $500 in June as bets on 2026 rate cuts faded. The reduced figure still indicated gains, just smaller ones.
Senior commodities analyst Lina Thomas and Global Commodities Research co-head Daan Struyven anchored the call on official buying.
“We continue to see elevated central bank gold accumulation as a multi-year trend, as central banks diversify their reserves to hedge geopolitical and financial risks, consistent with recent survey evidence,” they wrote.
The bank expects central banks to buy an average of 50 tonnes per month in 2026, up from 17 tonnes before 2022.
Meanwhile, Fidelity’s analysis valued gold around 5,000 against the global M2 money supply, about 13% above the press-time price.
As for gold, it gained ground last week as the global liquidity profile has started to recover. Based on my Gold & Liquidity regression between global M2 and gold, gold is worth around $5k.
Below is a longer chart, which illustrates how gold has gone from a pure play on real… pic.twitter.com/oRkpLXZiI9
— Jurrien Timmer (@TimmerFidelity) August 14, 2026
The near-term risk is one Goldman already named. It’s June note put gold at 4,400 by year-end if the Fed hikes, and the metal traded there on Monday. A sustained break would also test the debasement trade, which ties gold and Bitcoin (BTC) demand to currency erosion
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Meme coin MOO, paired with Micron stock on Long.xyz, has broken through the $18 million market cap mark, surging over 330% in a single day.
According to GMGN market data, the meme coin MOO, paired with Micron stock on Long.xyz, has exceeded $18 million in market capitalization, currently trading at $18.27 million, with a daily gain of over 330%. BlockBeats Note: Stock Meme is an emerging concept merging traditional meme coins with tokenized U.S. equities: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model preserves meme coins’ high volatility and community-driven speculative traits, while tapping into the popularity and narratives of real stocks. A portion of transaction fees is often redirected to the community treasury to accumulate the corresponding U.S. stock tokens, forming a dual-driven model of "sentiment-fueled speculation + real asset anchoring".
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Crypto analyst Adam’s data shows that the 24-hour trading volume of decentralized exchanges (DEX) on Robinhood Chain has topped $900 million for the first time. The meme token launchpad recorded a record-high trading volume of $438 million yesterday, while real-world asset (RWA) trading volume also exceeded $200 million for the first time.
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Tensions between the US and Iran remain elevated, with the two major global crude oil benchmarks rising nearly 1% intraday.
According to Bitget market data, WTI crude oil has climbed above $86 per barrel, with an intraday increase of 0.73%. Brent crude oil touched $91 per barrel, up 0.75% on the day.
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Fomo co-founder @seyong announced on X that the platform has seen rapid growth recently, adding 30 new users every minute. Additional data shows that in the week ending August 24, the weekly trading volume of the social trading app neared $1.3 billion. The daily active user counts of Fomo and Pump are close to those of Polymarket, Hyperliquid, and Phantom, ranging from 60,000 to 100,000 respectively.
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Beating AI News: Just after the Hy4 preview went open-source, Tencent has released an extreme quantized version of its Hunyuan model. The original model weights are nearly 1.5TB, while the new GGUF version is only around 214GB, drastically lowering the local deployment barrier for this 770B MoE model. Tencent did not uniformly quantize the entire model to 1.25-bit; instead, it applied different quantization levels based on each layer’s sensitivity to precision: non-critical layers are compressed to as low as ~1.31-bit, while sensitive layers retain 2-bit or higher precision, resulting in an average of ~2.38 bits per weight (bpw). In four benchmarks provided by Tencent, the quantized version only dropped 0.2 to 1.6 points compared to the BF16 original. After compression, Tencent also tested heterogeneous device joint inference with prima.cpp. A setup consisting of an RTX 4090 laptop and a 4-A4000 server, with only 80GB of total VRAM and 64GB of RAM, achieved an inference speed of 1.02 tokens per second—roughly 6 times faster than running the model offloaded on the laptop alone. Multiple devices with different configurations can also jointly share the model inference workload.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Blockchain analytics firm Arkham reported that North Korean-affiliated hackers have laundered more than $30 million worth of Bitcoin through the offshore derivatives exchange Hyperliquid over the past three weeks. The transactions come as US regulators increase scrutiny of decentralized exchanges amid concerns related to financial crime, sanctions evasion, and regulatory oversight.
Regulatory pressure intensifies on decentralized exchangesUS President Donald Trump and the Commodity Futures Trading Commission (CFTC) are working to establish regulatory authority over offshore derivatives platforms, including Hyperliquid, which has seen rising popularity among US users. Arkham’s findings have reignited debate over whether decentralized venues can be effectively brought under US regulation without undermining DeFi’s core principles of permissionless access and reduced regulatory friction.
In December 2024, Hyperliquid faced similar criticism after blockchain addresses allegedly linked to North Korea were detected moving funds through its platform. Hyperliquid stated that its platform had not been hacked and user assets remained secure. The latest Arkham analysis suggests that North Korean entities continue to utilize Hyperliquid as US regulatory attention grows.
According to research from crypto security companies, North Korea’s regime stole approximately $2 billion in cryptocurrency during 2025, marking its most lucrative year for such attacks, reportedly to finance weapons programs. Cybersecurity firm CertiK says the Democratic People’s Republic of Korea (DPRK) is responsible for $6.75 billion in crypto thefts across 263 incidents since 2016. The Royal United Services Institute has urged tighter controls and enhanced information sharing for virtual asset service providers after outlining how Pyongyang converts stolen crypto to fiat currency for further operations.
Mini dictionary: Arkham, a blockchain intelligence company that tracks and analyzes on-chain activity linked to illicit actors.
Payward and Hyperliquid eye US entryHyperliquid Labs is discussing a US onshore approach through Payward, the parent company of major crypto exchange Kraken. Rather than acquiring an exchange license, the plan would let registered US traders access a limited set of Hyperliquid-related perpetual futures via Bitnomial, a CFTC-regulated clearinghouse owned by Payward. Payward submitted its plan to the CFTC but approval is still pending.
At present, the native Hyperliquid app is inaccessible to US users, and Bitnomial-registered traders would gain exposure only to a fraction of Hyperliquid’s perpetual offering. Specifics regarding regulatory compliance on the joint offering have not been detailed.
PlatformUS User AccessRegulated by CFTCHyperliquid (offshore)NoNoBitnomial (via Payward)LimitedYesEarlier this year, Payward completed its $550 million acquisition of Bitnomial, thus gaining a suite of regulated derivatives products: a Futures Commission Merchant, a Designated Contract Market, and a Derivatives Clearing Organization, all registered with the CFTC.
HYPE mechanism and impact for investorsHyperliquid’s commercial structure revolves around its HYPE token. Ninety-nine percent of protocol fees are dedicated to its Assistance Fund, which automatically converts trading fees into HYPE and permanently removes the tokens by burning them. Hyperliquid documents state that by late August, 46.7 million HYPE, or 4.7% of initial supply, had been removed from circulation.
Currently, it remains unclear if trades routed through Bitnomial would support this ecosystem. Details about the commercial agreement between Payward and Hyperliquid, including licensing fees or revenue-sharing structures, have not been disclosed. The token reached an all-time high of $86.71 on August 27 even before US traders were able to access the platform using the proposed pathway.
Compliance questions and ongoing investigationDuring a recent White House meeting, Trump highlighted the CFTC’s role in overseeing Hyperliquid’s compliance efforts, describing Chairman Michael Selig as pivotal in making the exchange “fully compliant and legal.” HYPE’s price climbed nearly 17% following these remarks. Meanwhile, traditional exchanges CME Group and ICE reportedly called for further regulatory scrutiny on Hyperliquid regarding price manipulation and sanctions risks.
Critics emphasize that onshoring decentralized protocols demands effective measures for customer verification, market monitoring, and sanctions screening—areas historically minimized in DeFi platforms. Arkham’s research highlights the scale of illicit activity regulators could face.
Investor confidence continues to grow, with Bitwise recently launching its spot Hyperliquid ETF, BHYP, on NYSE Arca, with Anchorage Digital Banking acting as custodian.
Blockchain records do not clarify who ultimately controls exchange accounts nor whether exchanges are aware of incoming funds’ illicit origins. Hyperliquid has not yet detailed how its technology screens for wallets identified as linked to Lazarus Group, a well-known North Korean cybercrime organization.
Mini dictionary: Lazarus Group, a cybercrime group believed to be sponsored by North Korea, known for state-directed attacks on cryptocurrency platforms.
While Payward has reportedly presented its core structure to the CFTC, final regulatory decisions, registration terms, and product compliance details have not been made public. Until US regulators issue a decision, Hyperliquid’s potential US entry remains uncertain, and the recent North Korean Bitcoin laundering continues to underscore the challenges facing decentralized platforms under global scrutiny.
Wallets linked to North Korea’s Lazarus Group have sold more than $30 million in bitcoin on the Hyperliquid derivatives platform over the past three weeks, according to blockchain data reviewed exclusively by the analytics firm Arkham, according to a CoinDesk report published August 31, 2026. The finding places a sanctioned, state-backed hacking group at the center of the largest decentralized perpetual futures venue at the same moment the Trump administration is working to bring that platform into the regulated U.S. financial system.
The analysis identified Lazarus-linked wallets moving tens of millions on Hyperliquid and converting proceeds into ether and Solana before routing them to centralized exchanges including Kraken, LBank and KuCoin. The wallets were first flagged by the on-chain investigator ZachXBT in 2024, extending a pattern in which North Korean actors use decentralized venues to convert and move stolen digital assets.
How the Funds Moved Through Hyperliquid Arkham’s review, conducted at CoinDesk’s request, found that proceeds from the bitcoin sales were used to acquire ether and Solana, which were subsequently transferred to the centralized exchanges. CoinDesk has not established the identities of the accounts receiving the funds at those exchanges, or whether the platforms were aware of the funds’ origins before they arrived. Hyperliquid did not respond to a request for comment by publication time. Kraken said its compliance program is designed to identify and block assets associated with sanctioned wallets before they enter the platform, while LBank pointed to its use of industry-standard monitoring tools and KuCoin noted that public on-chain data alone does not reflect the risk-control actions a centralized platform may take after assets arrive.
The Onshoring Push Collides With Sanctions Risk The activity surfaces as the White House explores how to bring Hyperliquid into the United States under regulatory oversight. President Trump said earlier this month that Commodity Futures Trading Commission Chairman Mike Selig was working on a pathway to bring the platform into the country in a fully compliant and legal fashion, and Bloomberg reported that Kraken parent Payward is in advanced talks with Hyperliquid Labs to offer its perpetual futures to U.S. traders. Bringing the venue onshore would require navigating derivatives rules, customer protections and market surveillance, along with the sanctions and anti-money-laundering risks that arise when users trade directly from wallets without know-your-customer checks. The tension echoes a wider policy dispute in which CME Group and ICE have urged officials to scrutinize the platform, even as a separate push has asked the CFTC to permit Hyperliquid’s perpetual products in the U.S.
A Recurring Pattern at the DeFi Venue This is not the first time North Korea-linked wallets have appeared on Hyperliquid. In December 2024, MetaMask security researcher Taylor Monahan identified wallets suspected of being controlled by North Korean hackers that had been trading on the platform since at least October of that year, a disclosure that contributed to roughly $250 million of net outflows in a single day. Filings for proposed investment products tied to the platform’s HYPE token have since flagged sanctions exposure as a risk, including a Bitwise exchange-traded fund filing that said the network could potentially be used by sanctioned actors. The case also fits a broader trend in which crypto platforms have lost billions of dollars to hacks since 2025, with North Korea emerging as the most aggressive state actor in the space.
What Still Remains Unsettled Several questions remain open. CoinDesk has not yet identified who controls the accounts that received funds at the centralized exchanges, and Hyperliquid has not commented on the activity. The value received by sanctioned entities jumped 694% during 2025, according to Chainalysis, underscoring how quickly state-backed activity has grown even as North Korean hackers have been tied to breaches at thousands of companies. For Hyperliquid, which has processed more than $5 trillion in cumulative perpetual futures volume and holds roughly $13.3 billion in open interest according to DefiLlama, the outcome will depend on how regulators weigh its growth against the compliance risks created by its permissionless structure.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Meme coin MOO, paired with Micron stock on Long.xyz, has broken through the $18 million market cap mark, surging over 330% in a single day.
According to GMGN market data, the meme coin MOO, paired with Micron stock on Long.xyz, has exceeded $18 million in market capitalization, currently trading at $18.27 million, with a daily gain of over 330%. BlockBeats Note: Stock Meme is an emerging concept merging traditional meme coins with tokenized U.S. equities: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model preserves meme coins’ high volatility and community-driven speculative traits, while tapping into the popularity and narratives of real stocks. A portion of transaction fees is often redirected to the community treasury to accumulate the corresponding U.S. stock tokens, forming a dual-driven model of "sentiment-fueled speculation + real asset anchoring".
10 minutes ago
Robinhood Chain’s DEX 24-hour trading volume exceeds $900 million for the first time.
Crypto analyst Adam’s data shows that the 24-hour trading volume of decentralized exchanges (DEX) on Robinhood Chain has topped $900 million for the first time. The meme token launchpad recorded a record-high trading volume of $438 million yesterday, while real-world asset (RWA) trading volume also exceeded $200 million for the first time.
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Tensions between the US and Iran remain elevated, with the two major global crude oil benchmarks rising nearly 1% intraday.
According to Bitget market data, WTI crude oil has climbed above $86 per barrel, with an intraday increase of 0.73%. Brent crude oil touched $91 per barrel, up 0.75% on the day.
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FOMO Co-founder: The platform is growing rapidly, adding 30 new users every minute.
Fomo co-founder @seyong announced on X that the platform has seen rapid growth recently, adding 30 new users every minute. Additional data shows that in the week ending August 24, the weekly trading volume of the social trading app neared $1.3 billion. The daily active user counts of Fomo and Pump are close to those of Polymarket, Hyperliquid, and Phantom, ranging from 60,000 to 100,000 respectively.
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1.5TB reduced to 214GB: Tencent releases extreme quantized version of Hy4 preview
Beating AI News: Just after the Hy4 preview went open-source, Tencent has released an extreme quantized version of its Hunyuan model. The original model weights are nearly 1.5TB, while the new GGUF version is only around 214GB, drastically lowering the local deployment barrier for this 770B MoE model. Tencent did not uniformly quantize the entire model to 1.25-bit; instead, it applied different quantization levels based on each layer’s sensitivity to precision: non-critical layers are compressed to as low as ~1.31-bit, while sensitive layers retain 2-bit or higher precision, resulting in an average of ~2.38 bits per weight (bpw). In four benchmarks provided by Tencent, the quantized version only dropped 0.2 to 1.6 points compared to the BF16 original. After compression, Tencent also tested heterogeneous device joint inference with prima.cpp. A setup consisting of an RTX 4090 laptop and a 4-A4000 server, with only 80GB of total VRAM and 64GB of RAM, achieved an inference speed of 1.02 tokens per second—roughly 6 times faster than running the model offloaded on the laptop alone. Multiple devices with different configurations can also jointly share the model inference workload.
Meme coin MOO, paired with Micron stock on Long.xyz, has broken through the $18 million market cap mark, surging over 330% in a single day.
According to GMGN market data, the meme coin MOO, paired with Micron stock on Long.xyz, has exceeded $18 million in market capitalization, currently trading at $18.27 million, with a daily gain of over 330%. BlockBeats Note: Stock Meme is an emerging concept merging traditional meme coins with tokenized U.S. equities: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model preserves meme coins’ high volatility and community-driven speculative traits, while tapping into the popularity and narratives of real stocks. A portion of transaction fees is often redirected to the community treasury to accumulate the corresponding U.S. stock tokens, forming a dual-driven model of "sentiment-fueled speculation + real asset anchoring".
10 minutes ago
Robinhood Chain’s DEX 24-hour trading volume exceeds $900 million for the first time.
Crypto analyst Adam’s data shows that the 24-hour trading volume of decentralized exchanges (DEX) on Robinhood Chain has topped $900 million for the first time. The meme token launchpad recorded a record-high trading volume of $438 million yesterday, while real-world asset (RWA) trading volume also exceeded $200 million for the first time.
10 minutes ago
Tensions between the US and Iran remain elevated, with the two major global crude oil benchmarks rising nearly 1% intraday.
According to Bitget market data, WTI crude oil has climbed above $86 per barrel, with an intraday increase of 0.73%. Brent crude oil touched $91 per barrel, up 0.75% on the day.
10 minutes ago
FOMO Co-founder: The platform is growing rapidly, adding 30 new users every minute.
Fomo co-founder @seyong announced on X that the platform has seen rapid growth recently, adding 30 new users every minute. Additional data shows that in the week ending August 24, the weekly trading volume of the social trading app neared $1.3 billion. The daily active user counts of Fomo and Pump are close to those of Polymarket, Hyperliquid, and Phantom, ranging from 60,000 to 100,000 respectively.
10 minutes ago
1.5TB reduced to 214GB: Tencent releases extreme quantized version of Hy4 preview
Beating AI News: Just after the Hy4 preview went open-source, Tencent has released an extreme quantized version of its Hunyuan model. The original model weights are nearly 1.5TB, while the new GGUF version is only around 214GB, drastically lowering the local deployment barrier for this 770B MoE model. Tencent did not uniformly quantize the entire model to 1.25-bit; instead, it applied different quantization levels based on each layer’s sensitivity to precision: non-critical layers are compressed to as low as ~1.31-bit, while sensitive layers retain 2-bit or higher precision, resulting in an average of ~2.38 bits per weight (bpw). In four benchmarks provided by Tencent, the quantized version only dropped 0.2 to 1.6 points compared to the BF16 original. After compression, Tencent also tested heterogeneous device joint inference with prima.cpp. A setup consisting of an RTX 4090 laptop and a 4-A4000 server, with only 80GB of total VRAM and 64GB of RAM, achieved an inference speed of 1.02 tokens per second—roughly 6 times faster than running the model offloaded on the laptop alone. Multiple devices with different configurations can also jointly share the model inference workload.
Capital markets commentator The Kobeissi Letter highlighted on Monday a surge in investor interest in currency debasement narratives, alongside a rotation into gold and Bitcoin (CRYPTO: BTC).
Spike in Debasement Mentions in MediaThe Kobeissi Letter cited Bloomberg data indicating that the word "debasement" appeared in over 1,500 articles last week, marking the highest weekly count since January.
The mentions more than doubled from the previous week and surged 750% over two weeks.
Google search data pointed in the same direction, with interest in “debasement” surging sharply in the second half of August.
The Macro Trigger BehindThe renewed focus stemmed from Treasury actions under Secretary Scott Bessent to expand buybacks of long-dated bonds, the Kobeissi Letter stated.
Traders immediately read the move as inflationary and bullish for hard assets, sending yields lower and the dollar index lower.
At the same time, it fueled rotation into Bitcoin and gold.
Read Next
Crypto, Gold Funds Record Increased InflowsMoreover, cryptocurrency-based funds recorded $3.2 billion in inflows last week, the largest since October 2025, with BlackRock’s iShares Bitcoin Trust ETF (NASDAQ: IBIT) capturing most of the recent demand.
Similarly, gold funds recorded $7.3 billion in inflows last week, also the biggest since October 2025.
“The rush into crypto and gold is gaining momentum,” the Kobeissi Letter remarked.
Bloomberg senior ETF analyst Eric Balchunas said last week that the “debasement trade” is taking the spotlight from AI.
VanEck’s Head of Digital Asset Research, Matthew Sigel, said that the Treasury’s announcement has led the market to prIce in a "structurally weaker dollar, and Bitcoin is "one of the best hedges" for that dynamic.
Read Next
Image via Shutterstock/ Maxim Elramsisy
Market News and Data brought to you by Benzinga APIs
Meme coin MOO, paired with Micron stock on Long.xyz, has broken through the $18 million market cap mark, surging over 330% in a single day.
According to GMGN market data, the meme coin MOO, paired with Micron stock on Long.xyz, has exceeded $18 million in market capitalization, currently trading at $18.27 million, with a daily gain of over 330%. BlockBeats Note: Stock Meme is an emerging concept merging traditional meme coins with tokenized U.S. equities: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model preserves meme coins’ high volatility and community-driven speculative traits, while tapping into the popularity and narratives of real stocks. A portion of transaction fees is often redirected to the community treasury to accumulate the corresponding U.S. stock tokens, forming a dual-driven model of "sentiment-fueled speculation + real asset anchoring".
10 minutes ago
Robinhood Chain’s DEX 24-hour trading volume exceeds $900 million for the first time.
Crypto analyst Adam’s data shows that the 24-hour trading volume of decentralized exchanges (DEX) on Robinhood Chain has topped $900 million for the first time. The meme token launchpad recorded a record-high trading volume of $438 million yesterday, while real-world asset (RWA) trading volume also exceeded $200 million for the first time.
10 minutes ago
Tensions between the US and Iran remain elevated, with the two major global crude oil benchmarks rising nearly 1% intraday.
According to Bitget market data, WTI crude oil has climbed above $86 per barrel, with an intraday increase of 0.73%. Brent crude oil touched $91 per barrel, up 0.75% on the day.
10 minutes ago
FOMO Co-founder: The platform is growing rapidly, adding 30 new users every minute.
Fomo co-founder @seyong announced on X that the platform has seen rapid growth recently, adding 30 new users every minute. Additional data shows that in the week ending August 24, the weekly trading volume of the social trading app neared $1.3 billion. The daily active user counts of Fomo and Pump are close to those of Polymarket, Hyperliquid, and Phantom, ranging from 60,000 to 100,000 respectively.
10 minutes ago
1.5TB reduced to 214GB: Tencent releases extreme quantized version of Hy4 preview
Beating AI News: Just after the Hy4 preview went open-source, Tencent has released an extreme quantized version of its Hunyuan model. The original model weights are nearly 1.5TB, while the new GGUF version is only around 214GB, drastically lowering the local deployment barrier for this 770B MoE model. Tencent did not uniformly quantize the entire model to 1.25-bit; instead, it applied different quantization levels based on each layer’s sensitivity to precision: non-critical layers are compressed to as low as ~1.31-bit, while sensitive layers retain 2-bit or higher precision, resulting in an average of ~2.38 bits per weight (bpw). In four benchmarks provided by Tencent, the quantized version only dropped 0.2 to 1.6 points compared to the BF16 original. After compression, Tencent also tested heterogeneous device joint inference with prima.cpp. A setup consisting of an RTX 4090 laptop and a 4-A4000 server, with only 80GB of total VRAM and 64GB of RAM, achieved an inference speed of 1.02 tokens per second—roughly 6 times faster than running the model offloaded on the laptop alone. Multiple devices with different configurations can also jointly share the model inference workload.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin traded around $79,000 on Monday after Strategy announced its first Bitcoin purchase in months.
Notable Statistics:
Coinglass data shows 104,578 traders were liquidated in the past 24 hours for $378.71 million. SoSoValue data shows net outflows of $201.8 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $102.2 million. In the past 24 hours, top gainers include XRP, Hyperliquid and Pepe. Notable Developments:
Bitcoin Stalls Around $78,000: Here’s the Key Level to WatchTom Lee Says Markets Could ‘Rally Very Strongly’ in September, Touts Fed SurpriseBitmine Buys 53,501 ETH: What Does It Mean for BMNR?Bill Gates Won’t Pick Crypto to Diversify Away From the Dollar, Calls It ‘Pure Mania-Driven Asset’ — Here’s What the Billionaire Would Choose InsteadBitcoin, Ethereum Trade Sideways but Analysts Warn Against Switching to Meme CoinsBTC, ETH, SOL Pull Back After Explosive Rally but ‘Nothing’s Broken Yet,’ Top Trader SaysHyperliquid In Talks To Enter US Via Kraken’s Parent CompanyTrader Notes:
Crypto trader Kevin says Bitcoin and Ethereum are heading for strong monthly closes, with daily trend reversals and improving higher-timeframe momentum, strength and money flows suggesting the bear market bottom is already in.
While BTC remains below the 2-day 200 EMA/SMA and 50-week SMA, a break and hold above $85,000 would provide stronger confirmation.
The analyst remains bullish on BTC and ETH, viewing any year-end dips as potentially the last major accumulation opportunity before Bitcoin moves toward $100,000 and higher next year.
Trending
Trader Jelle sees Bitcoin at a decision point near key weekly resistance. A breakout could confirm the start of a new bull market, but until that happens, taking some profits after the past two weeks’ rally may be prudent.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Spot XRP exchange-traded funds continued to attract strong investor interest, registering $26.2 million in net inflows on August 28 and marking nine consecutive days of positive flows, according to data from SoSoValue. Cumulative net inflows for these XRP funds have now reached approximately $1.6 billion.
Persistent inflows despite price pressureXRP funds have maintained this inflow momentum even as the token’s price has lost ground. XRP traded near $1.39 on Monday, representing a decline of 2.7% for the day and 7.6% over the past week, based on CoinGecko data. Despite the price drop, $725 million has been added to spot XRP ETFs in just the past nine days.
ETF data indicates that daily net assets across these products are around $1.6 billion, with individual daily inflows ranging from $2.4 million to more than $28 million. ETF flow trackers, such as Decrypt, currently maintain a “bullish” sentiment toward XRP ETF performance.
Analysts highlight institutional demandBloomberg Intelligence analyst James Seyffart has described the ongoing flows into XRP ETFs as “surprisingly resilient” when measured against the token’s subdued market action. He reviewed his own figures and cited cumulative net inflows totaling approximately $1.8 billion. The analyst noted that most of the investment has continued in a positive direction, remaining notable even as XRP loses some short-term price momentum.
XRP ETF flows have shown strength far beyond what the spot price suggests and nearly all the investment has remained strongly positive during the recent streak, according to observations by Bloomberg’s James Seyffart.
Seyffart referenced U.S. 13F regulatory filings from the second quarter to identify the largest spot XRP ETF holders. Goldman Sachs leads with about $87.4 million in reported exposure, followed by Jane Street and Millennium Management. Investment advisers are currently the largest category of holders and allocators, outpacing both hedge funds and brokerages.
Mini dictionary: 13F filings, a quarterly report that institutional investment managers in the US must submit to the SEC, detailing certain equity holdings to ensure transparency in large-scale fund movements.
Top XRP ETF HoldersReported ExposureGoldman Sachs$87.4 millionJane StreetNot specifiedMillennium ManagementNot specifiedComparison with Bitcoin and Ethereum fundsThe ongoing resilience in spot XRP ETF inflows stands in contrast to recent activity in Bitcoin products. Spot Bitcoin funds ended their own nine-day inflow streak, while Ethereum funds have continued to report steady cash additions. This divergence has drawn attention from market analysts trying to gauge broader investor sentiment toward various crypto assets.
Recent inflows into XRP ETFs differ sharply from the trend in spot Bitcoin funds, which recently ended a streak of daily net inflows, underscoring shifting investor priorities within the crypto ETF space.
The broader XRP ecosystem, which supports the cryptocurrency originally developed by the co-founders of Ripple, has attracted new institutional participants. Notably, Evernorth, an XRP treasury management company, recently gained SEC clearance and is expected to seek a Nasdaq listing soon.
Investors eye macro conditionsWhile XRP ETFs gain traction, the XRP spot price remains under pressure, still up about 38% over the past 14 days after a sharp rally but struggling to stay above key support levels following a recent leverage unwind. This disconnect between ETF inflows and market price is a key focus for traders heading into September, as investors monitor potential changes in U.S. Federal Reserve policy.
ETFs, or exchange-traded funds, are investment vehicles that hold underlying assets and allow investors to trade shares via traditional brokerages, providing a regulated and accessible way to gain exposure to cryptocurrencies. The first XRP ETFs launched in the United States in November 2025, following the introduction of Bitcoin funds one year earlier.
Market participants will be watching closely to see if continued ETF inflows can help stabilize $XRP’s spot price as the broader landscape shifts in response to interest rate expectations and sector developments.
US-listed spot Bitcoin exchange-traded funds (ETFs) returned to inflows on Monday, led almost entirely by BlackRock, while Ether, XRP and Solana funds continued attracting capital.
SoSoValue data showed that Bitcoin ETFs recorded $216.7 million in net inflows on Monday, reversing the $201.8 million in withdrawals recorded on Friday.
The Friday outflows ended a nine-session run that brought more than $3 billion into the funds. Bitcoin (BTC) was trading near $78,700 at the time of writing, up about 1.5% over the past 24 hours, according to CoinGecko.
Meanwhile, Ether ETFs extended their inflow streak to 11 trading sessions, while XRP and Solana funds each recorded a 10th consecutive positive session.
US spot Bitcoin ETF flows. Source: SoSoValue
BlackRock accounts for 95% of Bitcoin ETF inflowsBlackRock’s iShares Bitcoin Trust ETF (IBIT) led Monday’s Bitcoin ETF rebound with $205.9 million in net inflows, accounting for about 95% of the category’s daily total, according to Farside Investors.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $6.9 million, followed by the Bitwise Bitcoin ETF (BITB) with $4.3 million. Morgan Stanley’s Bitcoin Trust added $3.6 million, while Grayscale’s Bitcoin Mini Trust attracted $9.4 million.
VanEck’s Bitcoin ETF (HODL) was the only fund to record withdrawals, posting $13.4 million in net outflows. The remaining funds reported no flows.
US spot Bitcoin ETF flows per fund. Source: Farside Investors
Ether, XRP and Solana ETFs extend inflow runsSpot Ether ETFs attracted $87.7 million on Monday, marking their 11th consecutive trading session of inflows.
BlackRock’s iShares Ethereum Trust ETF (ETHA) led with $59.9 million, followed by Grayscale’s Ethereum Mini Trust with $13.5 million and Fidelity’s Ethereum Fund with $9.3 million, according to Farside.
XRP ETFs extended their positive run to 10 sessions with $5.64 million in net inflows, according to SoSoValue. The funds have attracted capital during every US trading session since Aug. 18.
Solana ETFs also posted a 10th consecutive positive session, though daily inflows slowed to $925,010 from $18.1 million on Friday. Monday’s figure was the category’s weakest inflow during its current run.
Magazine: Mystery surrounds why an OG burned $1M in Bitcoin
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