Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday, with a bullish bias but appearing stretched after surging over 23%, 31% and 53% in the previous week. Such a massive rally suggests the top three cryptocurrencies could consolidate or pull back in the short term as traders take profits.
Bitcoin’s risk of a corrective pause is risingBitcoin price trades at $77,150, extending its advance well above key Exponential Moving Averages (EMAs) and leaving the near-term bias bullish but stretched after a 23.58% surge last week. The 50-day EMA at $66,773, the 100-day EMA at $67,408 and the 200-day EMA at $71,834 now sit well below spot, suggesting a strongly supported uptrend, while the horizontal level at $80,000 acts as the next topside resistance reference above the market in this accelerated phase.
Momentum is overheated, with the Relative Strength Index (RSI) holding in overbought territory at 78 and the Moving Average Convergence Divergence (MACD) deeply positive, hinting that while buyers remain in control, the risk of a corrective pause is rising.
On the downside, any pullback is likely to first eye the 200-day EMA near $71,834, with additional EMA cushions at $67,408 and $66,774.
On the topside, a sustained push toward the $80,000 area would keep the uptrend intact despite the overbought momentum backdrop.
BTC/USDT daily chartEthereum trades at $2,415, holding a bullish near-term bias as price remains comfortably above the 50-day, 100-day and 200-day EMAs. The clustering of the short- and medium-term EMAs below the market suggests a well-supported uptrend, while the RSI near 76 hints at overbought conditions. The MACD is firmly positive, reinforcing strong upside momentum, though the elevated readings suggest a corrective pause is possible.
On the topside, immediate resistance is seen at the horizontal barrier around $2,500, followed by a more significant cap near $3,000.
On the downside, the first layer of support is the current trading area, with deeper protection from the 200-day EMA near $2,142 and the psychological $2,000 level. Below there, the 50- and 100-day EMAs around $1,984 and $1,973, respectively, should offer additional demand before any move toward the distant structural floor at $1,385.
ETH/USDT daily chartXRP surges over 50%XRP price trades at $1.467 on Monday, extending its strong upswing after surging over 50% in the previous week. Moreover, XRP is above the 50-day, 100-day, and 200-day EMAs at $1.141, $1.181, and $1.350, respectively, which now underpin a clear bullish near-term bias.
The move has been fueled by heavy participation, with recent volume well above prior weeks. At the same time, the RSI at 78 sits in overbought territory, hinting that the rally is stretched even as the MACD remains firmly positive, reinforcing upward momentum.
On the downside, initial demand is expected around $1.350, where the 200-day EMA clusters with prior price action, ahead of horizontal support at $1.300; deeper pullbacks would expose the 100-day EMA at $1.181 and the 50-day EMA near $1.141, with $1.000 marking a more distant structural floor.
On the topside, the next notable resistance is the horizontal barrier at $1.900, and with momentum already overheated, any test of this level could trigger profit-taking and a corrective phase toward the underlying EMA supports.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
(This story was corrected on August 24 at 05:13 GMT to say, in the second paragraph, that the horizontal level at $80,000 acts as the next topside resistance, not support.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
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.
Decentralized lending protocol Term Finance lost an estimated $8.5 million after an attacker exploited governance control of its strategy vaults, according to blockchain security firms.
On Sunday, PeckShield said the attacker drained about 2,843 Ether (ETH), valued at $6.87 million at the time, and 1.68 million USDC, which was exchanged for approximately 1.68 million Dai (DAI). CertiK made a similar estimate, placing the total loss at around $8.5 million.
The reported loss represented about 68% of the $12.45 million held in Term’s vault product before the attack, including nearly all of its approximately $8.8 million in Ethereum deposits, according to DefiLlama data.
Term Labs said it had irreversibly shut down all Term Meta Vaults and revoked their DAO governance roles, preventing further deposits while keeping withdrawals open. Its investigation so far found the underlying Term protocol and its direct borrowing and lending markets were unaffected, though it was still verifying the scope.
Cointelegraph was unable to reach Term Labs for comment.
Attacker allegedly took control through governanceOnchain monitoring service Defimon said the attacker cheaply acquired a majority of a sparsely held governance token and passed proposals that allowed it to seize control of Term’s vaults. Term has not confirmed how the attacker obtained voting control or which governance functions were used.
The vault contracts use Yearn V3 infrastructure. However, Yearn said the attack involved a custom governance wrapper and the attack vector does not apply to standard Yearn vault setups.
Term said it was coordinating with external security teams on asset recovery and remediation. It said it would “explore paths to address” any remaining shortfall.
The incident follows an April 2025 oracle error that triggered about 918 ETH in unintended liquidations. At the time, Term recovered about 556 ETH, reduced its final loss to 362 ETH and reimbursed affected users, according to its postmortem. Following the incident, Term pledged third-party validation for critical updates and greater governance transparency.
Magazine: MiCA cracks down on USDT in Europe... but no one else cares
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Ledger quietly patched a vulnerability in its Ethereum hardware wallet app on August 12 that could have allowed a malicious decentralized application to swap out a legitimate transaction for a harmful one mid-signing. The fix shipped in Ethereum app version 1.22.2, but the company said almost nothing about it publicly until a security researcher forced the conversation.
The bug involved an APDU command race condition, a type of flaw where competing instructions can arrive at the device in a sequence that tricks the signing process. In practical terms, a user could have thought they were approving a small token transfer while actually authorizing unlimited token approvals to an attacker-controlled address.
How the vulnerability worked APDU stands for Application Protocol Data Unit, essentially the language that software on your computer uses to talk to the secure chip inside a Ledger device. During what Ledger calls “clear signing” flows, where the device displays human-readable transaction details on its screen, the race condition could have allowed a second, malicious APDU command to slip in and replace the original transaction data.
The attack would have required a compromised or malicious dApp to exploit the timing window. A user interacting with a trusted, legitimate application would not have been at risk.
Ledger’s internal security team, known as Donjon, discovered the flaw before any external researcher flagged it. The company said Donjon used AI-assisted tools to identify and resolve the issue.
The disclosure drama The patch landed on August 12 without fanfare. No security advisory, no blog post, no tweet thread. For about ten days, the fix existed in the wild with almost zero public awareness.
That changed between August 21 and 23, when a security researcher operating under the name TestMachine publicly disclosed the bug. TestMachine detailed the potential for transaction substitution and the mechanics of the race condition, drawing attention to a vulnerability that most Ledger users had no idea existed, let alone had been fixed.
TestMachine reportedly declined a bounty offer from Ledger.
Ledger CTO Charles Guillemet pushed back on the public disclosure, characterizing it as fear-mongering. Guillemet emphasized that any user running the latest version of the Ethereum app was already protected and that the vulnerability had been addressed before TestMachine’s public notice.
Clear signing and the bigger picture The vulnerability is particularly notable because it affected Ledger’s clear signing flows, the very feature designed to protect users from blind signing risks. Ledger has invested heavily in making clear signing the default, including previous work with the ERC-7730 standard aimed at standardizing how transaction data is displayed on hardware wallets.
No reports of funds lost to this vulnerability have surfaced. The patch was deployed proactively by Donjon before any external notice was filed.
For Ledger users, the immediate takeaway is straightforward: update your Ethereum app to version 1.22.2 or later if you haven’t already.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
The Ethereum Foundation is putting its money where its cypherpunk ethos is. The organization has issued a call for abstracts on privacy-preserving technologies for the WPPT 2026 workshop, scheduled to take place in Hong Kong later this year.
What WPPT 2026 actually is WPPT stands for Workshop on Privacy-Preserving Technologies, a specialized academic gathering that brings together researchers working on the intersection of cryptography, blockchain, and data privacy.
Hong Kong as a venue choice is also worth noting. In Q2 2026, the foundation allocated support to the Hong Kong Polytechnic University’s Research Centre for Blockchain Technology, funding scholarships and events. It has also organized privacy-themed panels at Ethereum Hong Kong Meetups alongside Consensus 2026.
Privacy as a strategic priority The Ethereum Foundation’s recent organizational restructuring has placed renewed emphasis on three areas: protocol resilience, zero-knowledge proofs, and ecosystem tooling. Zero-knowledge proofs, or ZK proofs, allow one party to prove something is true without revealing the underlying data.
The foundation’s Institutional Privacy Task Force is actively working on enhancing privacy features and participating in broader discussions about Ethereum’s future upgrades.
The foundation is also a sponsor of Asiacrypt 2026, another significant cryptography event.
Why Hong Kong keeps showing up The support for PolyU’s blockchain research center is one concrete example. By funding scholarships, the foundation is cultivating the next generation of researchers who might work on Ethereum-related privacy problems.
What this means for Ethereum’s trajectory Every transaction on Ethereum is visible to anyone who cares to look, which is great for transparency and terrible for user privacy. The Ethereum Foundation’s investment in privacy research signals that it views this gap as a solvable engineering problem rather than an inherent limitation of the platform.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum has extended its recent recovery, recovering a key support level and attracting new buying interest. The latest price action has drawn market attention to an important technical resistance level, which may determine the rally’s momentum going forward. At the same time, large holders, often called whales, have stepped up their accumulation of ETH, pulling substantial amounts from exchanges and raising speculation about future gains.
Rising momentum meets critical resistanceAt press time, Ethereum (ETH) is priced at $2,443.79. In the past 24 hours, it registered a 1.34% increase, pushing its total market capitalization to $294.76 billion. The 24-hour trading volume stands at $17.11 million, signaling ongoing market activity amid price fluctuations.
Crypto analyst Javon Mark reported that Ethereum has staged an impressive rebound by reclaiming a vital post-breakout support zone. Since reaching this level, ETH has surged about 55%, marking a period of robust buying pressure. This rally suggests that bulls are working to form a stronger upside structure as attention shifts to the next key resistance point.
Javon Mark observed that Ethereum’s price has risen approximately 55% from a significant support level, with increasing momentum suggesting a bullish reversal may be underway.
The most crucial resistance now lies at $4,811.71. Should Ethereum close above this level, it could further encourage bullish sentiment, potentially paving the way for a move towards the $8,500 threshold. However, failure to break through this resistance area may prompt consolidation or renewed selling pressure.
LevelPrice (USD)SignificanceCurrent Price$2,443.79Recent support regainedResistance$4,811.71Major resistance pointPotential Target$8,500.00Upside projection if breakout occursWhale accumulation intensifiesOn-chain data provider Lookonchain detailed a wave of large ETH withdrawals from Binance, the global cryptocurrency exchange. Whale activity has accelerated, with significant sums of ETH moving into private wallets over the past weeks.
One notable wallet address, 0x2d59, executed a new withdrawal of 30,000 ETH valued at $67.42 million. Over the past three weeks, this address alone has withdrawn a cumulative 120,000 ETH, equivalent to $237.7 million. These movements highlight the strategy of large holders, who often attempt to reduce supply on exchanges to influence market dynamics.
Further recent withdrawals include a 18,000 ETH transaction by Abraxas Capital, totaling $39.56 million, and the creation of a new wallet, 0x2261, which withdrew 6,704 ETH valued at $14 million from Binance. Combined recent activity by large holders has resulted in more than 54,700 ETH, or $121 million, exiting exchanges.
Mini dictionary: Lookonchain, an on-chain analytics platform tracking large cryptocurrency transactions and whale behavior, provides data insights to help crypto traders and investors monitor market movements.
Eyes on potential breakoutThe next phase for Ethereum depends on whether it can clear the $4,811 resistance. A successful move above this level could generate renewed momentum, with the $8,500 mark becoming a target. Whale accumulation and active outflows from exchanges remain potential catalysts for further gains.
A failure to surpass the critical resistance could lead to market consolidation or increase the risk of a sell-off. However, ongoing large withdrawals suggest strong confidence among whales in Ethereum’s near-term prospects.
Significant whale withdrawals, including over $120 million in ETH from Binance, have fueled expectations for an impending breakout above resistance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ledger fixed a vulnerability affecting certain clear signing flows in its Ethereum application before another security company disclosed the issue publicly, Chief Technology Officer Charles Guillemet said on Aug. 23.
Summary
Ledger says its Ethereum app patch fixed vulnerable clear signing flows before public disclosure occurred. TestMachine claims a malicious application could replace transaction data while users reviewed Ledger device screens. Ledger’s chief technology officer Charles Guillemet says updated firmware and applications protect affected users now. No confirmed thefts tied to this specific signing vulnerability had surfaced by August 24, 2026. Ledger’s public repository shows continuing security fixes, but does not identify every deployed patch clearly. Guillemet said Ledger Donjon, the company’s internal security research team, discovered the bug using an artificial intelligence vulnerability research system. Ledger deployed the fix approximately two weeks before his statement, according to his post.
Users with current Ledger firmware and applications are protected, Guillemet said. No independently verified reports of funds stolen through this specific vulnerability had emerged by Aug. 24.
There's some FUD circulating about Ledger signers, pushed by a "smart contract security" company claiming a vulnerability in the Ledger Ethereum app.
There was a bug concerning certain clear signing flows. It was found by the @DonjonLedger using their AI-powered vulnerability…
— Charles Guillemet (@P3b7_) August 23, 2026 Ledger Ethereum app bug affected clear signing Clear signing is intended to show transaction details in a readable format on a Ledger device before the user approves them. It allows users to check amounts, addresses and smart contract actions instead of authorizing an unreadable transaction hash.
TestMachine, the security company behind the Azimuth artificial intelligence research tool, said the vulnerability could undermine this review process. According to the company’s public thread, a malicious application could allegedly send a competing command while a user was still reviewing the original transaction.
The reported issue involved Application Protocol Data Unit communication between the connected application and Ledger’s Ethereum app. TestMachine claimed this could let an attacker replace an expected transaction with another action before the user completed approval.
Under that scenario, a device could display one transaction while preparing another for signing. One possible result described by researchers involved replacing a limited transaction with a broader token approval.
Ledger acknowledged that a bug existed in “certain clear signing flows.” However, Guillemet did not publish a detailed technical description, affected version list or security advisory explaining the full attack requirements.
Ledger and TestMachine dispute the disclosure timeline TestMachine said its Azimuth system found the issue during an autonomous scan and validated it on a Ledger Flex. The company also claimed that shared code made other models potentially relevant, including Nano X, Nano S Plus, Stax and Apex devices.
Found by Azimuth during an autonomous scan of the Ledger Ethereum app. Validated on Flex. Shared and verified with the team. Declining any bounty. Same shared APDU/UI code across Nano X, Nano S Plus, Stax, Apex.
The power of always on securityhttps://t.co/fH5mO97Kkp
— TestMachine (@testmachine_ai) August 22, 2026 Those statements remain the company’s account of its research. A complete public proof of concept demonstrating fund theft across every named device was not available at publication time.
Guillemet disputed how the disclosure was presented. He said TestMachine contacted Ledger’s bounty program after the company had already shipped its fix. He further alleged that the researchers did not discuss the issue with Ledger’s bounty team before publishing claims that suggested it remained unresolved.
“It was fixed and deployed two weeks ago,” Guillemet said. He described claims that the problem remained active as “manufacturing fear for attention.” TestMachine, by contrast, said it shared and verified the finding with Ledger but declined a bounty.
Ledger’s public Ethereum application repository shows several security-related changes during August. These include fixes involving signing states, application context handling and message finalization. The available records do not clearly identify which change corresponds to the disclosed clear signing issue or confirm the precise deployment date across Ledger’s device application store.
Users should update firmware and the Ethereum app Ledger users should update the Ledger Wallet software, device firmware and installed Ethereum application. Updating only the desktop or mobile interface may not replace an outdated application running on the hardware device.
Users should also verify transaction details directly on the secure device screen. Ledger’s guide warns that blind signing remains risky because the device cannot present every smart contract action in a readable format.
As previously reported, Ethereum introduced human readable transaction summaries through the ERC-7730 standard. Ledger helped develop the system before stewardship moved to the Ethereum Foundation.
The latest incident differs from the previously reported Zilliqa signing flaw that exposed private keys. Zilliqa said that vulnerability affected its own native Ledger application and could not be corrected for keys already exposed through recorded signatures.
Ledger has not announced any compensation process, emergency transaction suspension or asset migration related to the Ethereum app issue. Further confirmation would require a technical advisory naming the affected versions, patched release and precise conditions needed to exploit the flaw.
Ethereum Price remains firmly supported after last week’s powerful advance, although momentum indicators now warn of overheating.
ETH price rose 30% on the week, making it highly susceptible to a consolidation or a short-term pullback. Traders can profit while keeping an eye on whether the big bull chart pattern will hold up if key support levels are breached.
Crypto Market Surges As BTC Holds $77k Bitcoin price hold near $77,000 on Monday, following a record weekly dollar gain of $14,264 and a 20% close. The rally contributed to a 0.6% increase in the total crypto market capitalization to $2.61 trillion in the last 24 hours.
The sentiment of markets also shifted to extreme greed as the Fear and Greed Index touched its highest level since December 2024 at 79. Bitcoin’s weekly gain hit 20%, while XRP’s stood at 50% and was trading around $1.48.
Source: CMC data That is an indication of crypto-specific demand, since there is only a weak correlation between digital and traditional markets. But as the major tokens have all overbought, recent momentum may stall before the next extended run to the upside is formed.
Ethereum ETF Inflows Reach $697 Million as Bitcoin Funds Lead Weekly Demand Ethereum exchange-traded funds (ETFs) recorded $697 million in net inflows in the previous week of trading.
The figures encompassed August 17 to August 21 and showed increased institutional interest in various cryptocurrency investment offerings.
Spot Bitcoin ETFs dominated the weekly net inflows as they garnered roughly $1.918 billion in net inflows for the week.
The XRP ETFs reported net inflows of $39.78 million, surpassing the combined inflows of Solana-based investment products during the same period.
Spot Bitcoin ETFs Recorded $1.918 Billion in Net Inflows Last Week
From Aug. 17 to Aug. 21 (ET), spot Bitcoin ETFs recorded net inflows of $1.918 billion. Spot Ethereum ETFs saw net inflows of $697 million, while spot Solana ETFs recorded $28.34 million, spot XRP ETFs $39.78… pic.twitter.com/K9F273H8t9
— Wu Blockchain (@WuBlockchain) August 24, 2026
The spot Solana ETFs took in $28.34 million while investors diversified beyond the Bitcoin and Ethereum market.
Spot HYPE ETFs received $3.89 million, the lowest out of the five cryptocurrency investment categories.
The majority of capital flowing into the cryptocurrency ETFs featured in the list was directed into Bitcoin and Ethereum funds.
Ethereum Price Eyes $2,700 Breakout as Bullish Momentum Holds The ETH Price surged to $2,453.91, gaining 4% during the latest four-hour period.
The RSI is currently trading at 66.74, indicating that the stock has a medium to strong trend. But the bearish MACD crossover indicates that the momentum is declining for a short time.
The future ETH outlook must close above $2,500 to confirm the next stage of its recovery. Such a breakout could target $2,550 initially, followed by $2,600 and $2,700.
Source: ETH/USDT 4-hour chart: TradingView If ETH can’t clear $2,500, it will head to the first support at $2,350. The rally could be tested for strength if there is stronger selling pressure towards $2,300. If it drops below $2,300, the eyes will turn to $2,200.
Key Takeaways A critical security flaw in Ledger’s Ethereum application was resolved on August 12 with version 1.22.2 released without public announcement The vulnerability was a race condition exploit allowing malicious applications to substitute legitimate transactions with fraudulent ones during the signing process The flaw was identified by Ledger’s own Donjon security team utilizing AI-powered research tools before external discovery A security expert known as TestMachine revealed the vulnerability publicly around August 21-23, prompting Ledger CTO Charles Guillemet to criticize the disclosure as attention-seeking As of August 24, 2026, no verified instances of cryptocurrency theft related to this security flaw had been documented On August 12, 2026, Ledger quietly deployed a security patch for a critical vulnerability affecting its Ethereum hardware wallet application. The update, released as Ethereum app version 1.22.2, contained a fix for a serious security issue that remained undisclosed to the public for nearly two weeks.
There's some FUD circulating about Ledger signers, pushed by a "smart contract security" company claiming a vulnerability in the Ledger Ethereum app.
There was a bug concerning certain clear signing flows. It was found by the @DonjonLedger using their AI-powered vulnerability…
— Charles Guillemet (@P3b7_) August 23, 2026
The security issue centered around a race condition vulnerability within APDU command processing. APDU, or Application Protocol Data Unit, represents the communication protocol that facilitates interaction between computer software and the secure element embedded within Ledger hardware wallets.
The vulnerability specifically affected clear signing operations, where users view human-readable transaction information on their device screen. A malicious command executed concurrently could intercept and substitute the original transaction with an unauthorized one before user approval was finalized.
In a practical attack scenario, victims could have inadvertently approved malicious transactions while believing they were authorizing benign operations. For instance, what appeared to be a minor token transfer could actually have granted unlimited token approval to an attacker’s wallet address.
Discovery and Internal Resolution Ledger’s proprietary security research division, Donjon, uncovered the vulnerability through internal auditing processes before any external security researcher reported it. The team leveraged artificial intelligence-enhanced security analysis tools to detect and remediate the issue.
The security patch was implemented silently without accompanying public communication. For approximately ten days following the fix deployment, no security bulletin, corporate blog post, or official notification was issued to inform users.
The situation changed dramatically when security researcher TestMachine independently discovered and publicly revealed the vulnerability between August 21 and 23. TestMachine provided technical details explaining the race condition mechanism and confirmed successful validation on a Ledger Flex hardware device.
According to TestMachine, shared codebase architecture suggested the vulnerability potentially affected multiple Ledger products, including Nano X, Nano S Plus, Stax, and Apex models. The researcher claimed to have notified Ledger of their findings but rejected the company’s bug bounty compensation offer.
Conflicting Accounts Between Ledger and Researcher Charles Guillemet, Ledger’s Chief Technology Officer, stated that TestMachine only reached out to Ledger’s bug bounty program after the security patch had already been distributed. According to Guillemet, the researchers failed to coordinate with Ledger’s security team before publishing statements that suggested the vulnerability remained unpatched.
Guillemet emphasized that the security fix had been operational for approximately two weeks before TestMachine’s public disclosure. He criticized the disclosure approach, characterizing it as deliberately sensationalized to attract publicity rather than prioritize user security.
TestMachine presented a contrasting narrative, asserting independent discovery and verification of the security flaw followed by appropriate notification to Ledger. The researcher opted to decline financial compensation and proceeded with public disclosure of the findings.
At the time of publication, no comprehensive exploit demonstration showing successful fund extraction across all affected device models had been made publicly available.
Ledger’s open-source Ethereum app code repository displays multiple security-focused commits throughout August, addressing signing state management and message finalization processes. However, repository records don’t explicitly link a specific commit to this particular vulnerability.
Users of Ledger hardware wallets should immediately verify they’re running the latest device firmware along with Ethereum app version 1.22.2 or newer. Simply updating Ledger Live desktop or mobile applications doesn’t automatically update applications installed on the physical hardware device.
As of August 24, 2026, Ledger has not initiated any user compensation program or issued emergency security protocols specifically related to this vulnerability.
Key Highlights ETH price rallied to its strongest level in over two months, establishing a bullish golden cross pattern Institutional appetite soared with US spot Ethereum ETFs attracting $697 million in net inflows over the past week Staking participation reached 35%, locking up 42.3 million ETH tokens on the network Bears suffered massive losses as $1.69 billion worth of short positions were liquidated across a three-day span Technical analysts eye $2,750 as the immediate target, with $3,000 emerging as a critical milestone Ethereum (ETH) broke through the $2,500 barrier this past week, marking its most significant price level since the middle of January. The upward momentum was fueled by substantial institutional capital inflows and a dramatic squeeze on bearish positions.
Ethereum (ETH) Price Investment into US-based spot Ethereum exchange-traded funds reached $697 million throughout the previous week. This represents a complete reversal from the prior week’s modest $2.2 million in outflows. August has proven particularly strong for ETH products, accumulating $939 million in fresh capital—significantly outpacing July’s $365 million intake.
BlackRock’s Ethereum ETF has emerged as the dominant player in the space, commanding $7.8 billion in total assets under management. Collectively, all US spot Ethereum funds now oversee $14.2 billion in assets, with aggregate net inflows since inception totaling $12.15 billion.
Spot Bitcoin ETFs Recorded $1.918 Billion in Net Inflows Last Week
From Aug. 17 to Aug. 21 (ET), spot Bitcoin ETFs recorded net inflows of $1.918 billion. Spot Ethereum ETFs saw net inflows of $697 million, while spot Solana ETFs recorded $28.34 million, spot XRP ETFs $39.78… pic.twitter.com/K9F273H8t9
— Wu Blockchain (@WuBlockchain) August 24, 2026
Friday saw ETH appreciate by 8%, building on momentum from a short squeeze that materialized earlier in the week. Within a single 24-hour window, $265 million in bearish bets were forcibly closed out, contributing to a staggering $1.69 billion in total short liquidations spanning just three days.
Market sentiment shifted noticeably bullish, with the Crypto Fear and Greed Index climbing to 76—firmly within greed territory. This upward sentiment swing coincides with broader risk appetite following Treasury Secretary Scott Bessent’s disclosure of expanded bond repurchase programs.
Technical Breakout and Chart Analysis Ethereum’s daily chart has printed a golden cross formation, characterized by the 50-day Weighted Moving Average crossing above the 200-day equivalent. Traders typically interpret this technical development as a bullish continuation signal.
Source: TradingView Currently, ETH is positioned above all major Exponential Moving Averages, including the 20-, 50-, 100-, and 200-day timeframes. That said, the 14-day Relative Strength Index has climbed near 87, while the Stochastic Oscillator hovers around 99—both metrics indicating overbought conditions.
Market analyst Ted Pillows highlighted on X that Ethereum’s recapture of $2,400 represented a crucial technical development, suggesting that a weekly close exceeding $2,450 would establish $3,000 as the logical next destination.
Network Activity and Staking Metrics Ethereum’s staking participation rate has climbed to 35%, with the total count of staked tokens now standing at 42.3 million. This elevation in staking activity signals strengthening conviction among long-term token holders.
On-chain analytics tracking Network Realized Profit/Loss indicate that distribution from wallets holding gains remains subdued. Meanwhile, the Age Consumed indicator—which monitors the movement of dormant coins—has exhibited minimal activity, suggesting that veteran holders are maintaining their positions despite the rally.
The Coinbase Premium Index, which measures price differentials for ETH prices between Coinbase Pro and Binance, has been trending higher but hasn’t yet crossed into positive territory. A shift to positive values would provide additional confirmation of intensifying US institutional demand.
Immediate resistance emerges at $2,545, representing this week’s peak. Beyond that level, technical watchers have identified $2,750 and $2,868 as subsequent upside objectives. On the downside, support is established at $2,172, followed by the 200-day EMA positioned near $2,130.
Ethereum most recently changed hands around $2,520, as ETF products appear positioned to record their strongest weekly performance of 2026.
Leading cryptocurrencies pulled back on Sunday after a sharp rally earlier in the week as geopolitical tensions tempered risk appetite.
Crypto Market Cools DownBitcoin climbed to $78,000, faced resistance, and then began consolidating. The apex cryptocurrency has jumped 22% over the week to hit levels last seen more than three months ago.
Ethereum’s trading volume fell 17% over the last 24 hours as it traded between $2,357 and $2,483. XRP and Dogecoin recorded notable declines.
Nearly $400 million was liquidated from the cryptocurrency market in the last 24 hours, with $220 million in bullish long positions erased, according to Coinglass data.
Open interest in Bitcoin futures fell marginally by 0.02% over the last day but remained 17% higher over the week. Retail and whale derivatives traders on Binance remained in a “Neutral” position.
“Greed” sentiment persisted in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.63 trillion, following a modest increase of 0.18% over the last 24 hours.
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Stocks Futures SlideStock futures ticked lower overnight on Sunday. The Dow Jones Industrial Average Futures fell 48 points, or 0.09%, as of 8:41 p.m. EDT. Futures tied to the S&P 500 dipped 0.03%, while Nasdaq 100 Futures slid 0.06%.
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Geopolitical tensions continued to weigh on investor sentiment as Treasury Secretary Scott Bessent said Washington will impose the “toughest sanctions in history” on Iran, with more details expected Monday.
Meanwhile, investors will be watching Wednesday’s release of the July personal consumption expenditures price index for new clues on inflation.
Bitcoin Headed to $82,000?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, predicted a “little dip” for Bitcoin on Sunday evening, followed by a continuation higher to break $82,700, while viewing $74,000 as a “massive area” to buy if tested.
Van De Poppe also weighed in on Ethereum’s potential, stating that ETH is more likely to make another run toward the highs in the coming days.
On the other hand, the analyst identified $2,200 as a potential entry point on any retest of lows.
Bitwise Asset Management took in more than $1.8 billion of new money in the first half of 2026, chief executive Hunter Horsley said Sunday. Crypto prices fell through most of it.
Tom Lee called the result outstanding. However, the money did not chase prices, as three of the four Bitwise product lines behind that total pay investors an income instead.
Why Lee Called It OutstandingHorsley posted the figure on Sunday. Net inflows measure new money in, minus money pulled out.
In H1 of this year, amidst a bear market, investors put over $1,800,000,000 into Bitwise products (“net inflows”),” the Bitwise executive shared.
Tom Lee, co-founder and head of research at Fundstrat Global Advisors, commented, lauding the team for growing significantly despite bearing market conditions.
— Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) August 23, 2026
Lee has stayed bullish through the slump. He ranked 17 crypto stocks earlier this week. Bitcoin (BTC) traded near $77,403 on Sunday, little changed.
What the Money Actually BoughtHorsley said four franchises each drew over $100 million. They were:
ETFs and ETPs (exchange-traded funds and products)
Private strategies
Staking, and
Vaults.
Three of them pay a yield. Bitwise numbers show how much.
Its vault, opened in January with the onchain lender Morpho, targets about 6% a year on stablecoins. Its tokenized Crypto Carry Fund held $259 million by late May and yielded 4%.
Carry sounds complex but is simple. The fund buys crypto, sells futures against it, and keeps the gap.
Staking drew the fastest money. Bitwise’s Solana staking fund passed $500 million just 18 days after listing last November. Rivals now rush to put Ethereum yield in ETPs.
The Fund That Sells Price Alone ShrankOne Bitwise product pays nothing. The Bitwise 10 Crypto Index ETF (BITW) holds a basket of large tokens. Bitcoin and ether are about 91% of it.
Its filings tell the story. Net assets fell from $1.03 billion on December 31 to $678 million on March 31. That is 34% gone in three months.
Two forces did it. Price per share dropped 24%. Investors also cashed out 2.25 million shares, about 13% of the fund.
Cost was not the reason. Bitwise had just cut the fee from 2.50% to 0.75% when the fund joined NYSE Arca in December. The same fund gained 94.8% in 2024.
Staff felt it too. A Bitwise workforce reduction on August 12 cut headcount from roughly 180 to 155.
Net inflows count deposits, not gains. Inside Bitwise, investors paid for yield and walked away from price.
TLDR: Short liquidations averaged $131.0M weekly, up 1,514% WoW, driving ETH’s 31% price surge. Base fees rose 189% and fees burnt jumped 251%, reversing two months of network compression. Binance funding turned positive at 0.01, its first sustained bullish tilt in months. Average deposit size fell 40% to 16.1 ETH even as total inflow rose 101% week-over-week. Ethereum posted a sharp rebound this week, climbing from a multi-week base near $1,870 to $2,517 before easing to $2,460.08.
The rally traces back to forced short covering rather than fresh spot buying. Trading volume over 24 hours reached $15.96 billion, while the token gained 1.88% in a single day and 31.20% across seven days.
Source: Coingecko
Liquidations Drive The Move While Fees Return Short liquidations averaged $131.0 million over the past week. That figure marks a 1,514% jump from the prior week and a 437% rise above the 90-day average. Long liquidations, by contrast, sat 40% below their quarterly norm during the same stretch.
Network activity shifted alongside the price move instead of leading it. Base fees rose 189% week-over-week, and the dollar value of fees burnt climbed 251%. Total network fees increased 138%, breaking a two-month stretch of compressed activity on the chain.
Derivatives markets showed a similar tilt. Binance funding rates now average 0.01, up 25% from last week and 95% above the quarterly baseline. This marks the first sustained positive funding reading in several months, pointing to renewed leverage building on the long side.
Taker buy volume reached $5.49 billion against $5.17 billion in sell-side volume. The gap suggests aggressive buying pressure met the short squeeze, adding momentum once liquidations began cascading through the order book.
Deposit Patterns Point To Smaller, Fragmented Flows Average deposit size told a different story than the price action. The seven-day mean inflow fell to 16.1 ETH, a drop of 40% versus the 90-day baseline. Even so, total inflow rose 101% week-over-week during the same period.
This combination indicates that ETH arrived on exchanges through many smaller transfers rather than large block deposits. Whale-sized inflows, typically a signal of concentrated selling intent, were notably absent from the recent data.
Netflow figures reinforced the fragmented picture. August 19 recorded a positive netflow of 51.2 thousand ETH, followed by a negative reading of 49.7 thousand ETH on August 20.
The swing between the two days points toward venue rebalancing among traders and platforms, not sustained directional pressure in either direction.
The Coinbase Premium, a gauge often used to track US spot demand, sits at -0.02. That reading marks its least negative level in recent weeks, though it stops short of confirming a shift toward organic buying.
Taken together, the current setup shows positioning-led price discovery running ahead of spot participation. Historical patterns for similar configurations have produced two outcomes: continuation once premiums turn positive, or a retreat toward the prior trading range if funding cools before spot demand catches up.
This week has been a rollercoaster ride for the cryptocurrency market. Bitcoin had its best week since 2023, surging by 23.47% from Monday to Friday. The world’s largest cryptocurrency climbed from roughly $62,800 to above $77,000, marking its strongest week in over three years.
Let’s dive into the top stories that shaped the crypto market this week.
Bitcoin’s Stellar WeekBitcoin’s impressive rally was fueled by two catalysts from Washington. The cryptocurrency’s significant gain marks its best performance since March 2023. The world’s largest cryptocurrency has spent most of 2026 watching other assets rally, but this week it took center stage.
Read the full article here.
Coinbase CEO’s Bullish PredictionBrian Armstrong, CEO of Coinbase Global Inc., believes that the year-long crypto spot trading bear market is nearing its end. Armstrong expressed optimism about the upcoming CLARITY Act vote, stating that he expects it to secure over 60 votes.
Read the full article here.
VanEck’s Bitcoin Price TargetMatthew Sigel, Head of Digital Asset Research at VanEck, reiterated his $100,000 Bitcoin price target for 2027. Sigel also suggested that a $500,000 price point by 2029 is plausible if the cycle “plays out as usual.”
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Read the full article here.
Dogecoin’s SurgeDogecoin experienced a surge as speculative momentum built across digital asset markets. The rally was primarily driven by President Donald Trump’s renewed call for federal regulatory reform and support for the CLARITY Act.
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Read the full article here.
Ethereum’s Potential RallyArthur Hayes, Chief Investment Officer of Maelstorm, suggested that Ethereum could hit $5,000 by the end of the year. Hayes cited market positioning and liquidity as the primary reasons for his bullish outlook.
Read the full article here.
Disclaimer: This content was produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
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An analyst known for making timely crypto calls is revealing his bullish price targets for Ethereum (ETH), including a potential move to five figures.
The pseudonymous analyst DonAlt tells his 788,700 followers on X that it is within the realm of possibility for Ethereum to surge to five figures.
“Target for ETH is $4,000. If we’re strong there, $10,000. If we’re not, $4,000 it is.
I’ll probably sell halfway into the rally as usual. You guys will call me washed and rinse, repeat. Nothing ever changes.”
With Ethereum trading above $2,400, DonAlt unveils the next technical resistance for ETH.
“Sometimes it’s really that easy. Man, this is fun. The market should do this more often. Next resistance is $4,000.”
Source: DonAlt/X At time of writing, Ethereum is trading at $2,419.
Looking at Bitcoin (BTC), DonAlt believes that the flagship cryptocurrency can potentially rally to as high as $90,000.
“Already retraced 25% of the bear market. How about we make it 50%?”
Source: DonAlt/X At time of writing, Bitcoin is worth $76,429.
As for his timeline to unload his crypto, the analyst says he plans to hold his digital asset stack for multiple months.
“I’m not selling. Come back to me in three to six months and then we can talk about it. Doesn’t matter where the price goes. I won’t sell unless a couple of months have passed. Ready to round-trip the entire thing if need be.”
Another day and yet another blow to crypto security. On the 23rd of August, Term Finance, a DeFi lending & borrowing protocol on Ethereum [ETH], was attacked.
Rather than directly breaking into the protocol through a smart contract bug, the illicit actor took advantage of the weakness in Term Finance’s DAO governance system.
Source: Term Finance/X How did the hacker drain millions in ETH? A relatively small amount of Term’s governance token was actively available in the market. Using this as an opportunity, the wrongdoer bought a large enough portion of the governance tokens at a low cost to gain majority voting power.
Soon after the attacker got enough votes for approval, they simply went ahead and submitted and approved malicious governance proposals. This, in turn, gave the attacker control over Term Finance’s vaults, which hold users’ assets.
But before that, the attacker reportedly funded the operation with 2 ETH sourced through Tornado Cash. This caused a drain of approximately $8.5 million from Ethereum. 2,843 ETH, worth $6.87 million, alongside 1.68 million USDC were compromised. The attacker swapped those tokens for roughly 1.68 million DAI.
2026 becomes the worst year for Ethereum A recent security report from Blockaid uncovered that in H1 2026, crypto theft and fraud losses exceeded $1 billion. Wherein, Ethereum accounted for the largest share of losses, worth approximately $332 million.
Source: Blockaid Ethereum’s losses were largely driven by smart contract and application-layer exploits, including vulnerabilities in bridges, privileged accounts, and protocol logic.
ETH was not spared This was in line with AMBCrypto’s recent report on the Verus-Ethereum Bridge hack, which was attacked for the second time in July, with attackers draining approximately $7.54 million.
Back in May, nearly $11.58 million was compromised in a similar attack. This repeated attack has further raised questions about whether the earlier vulnerability was fully fixed.
All this happened as the price of Ethereum, which was trading around $4k in the middle of January, was down to $2412 at press time.
In a year, ETH has declined by 48.9% as per CoinGecko’s yearly data, thanks to attacks, regulatory uncertainty, geopolitical tensions, Fed rate cuts, and a lot more.
Final Summary The offender bought a large enough portion of the governance tokens at a low cost and got access to majority voting power. In H1 2026, Ethereum accounted for the largest share of funds lost in crypto frauds, with $332 million.
Term Labs, an Ethereum-based protocol for fixed-rate lending, has confirmed an $8.5 million loss after its Ethereum Vaults were compromised through a governance exploit. The incident was first flagged by security analysis firms CertiK and PeckShield, both of which detected suspicious activity on August 23 and linked the breach to vulnerabilities in the protocol’s vault governance controls.
Attacker Gains Control over Ethereum VaultsAccording to data provided by CertiK and corroborated by Term Labs, the attacker’s wallet currently holds approximately 2,843 ETH, valued at about $7.1 million, and $1.6 million in DAI, making up the majority of the stolen assets. Preliminary analyses indicate the attacker did not exploit a smart contract flaw, but instead used governance controls, possibly by amassing sufficient voting power to redirect funds from the Ethereum vaults.
Term Finance, the protocol built by Term Labs, operates as a platform for fixed-rate lending using vault infrastructure to enable liquidity and lending strategies. The core of its security structure relies on multiple governance roles and risk controls. Among these is vault governance, which allows liquidity providers considerable authority over protocol decisions, including asset management and parameter updates.
CertiK issued a public warning on social media, highlighting the incident and urging users to remain vigilant regarding governance-based threats targeting DeFi protocols.
CertiK detected a governance attack affecting Term Labs’ protocol, resulting in the loss of approximately $8.5 million in digital assets. The stolen funds are currently held at a single address, which includes large quantities of ETH and DAI, underlining the critical need for secure governance practices in DeFi.
Mini dictionary: Term Labs is a company developing fixed-rate DeFi lending solutions on Ethereum, using customizable vaults governed by token holder voting to set parameters and manage fund risk.
Governance Risks and Prior IncidentsThis latest breach spotlights the ongoing risks connected to decentralized governance models. If a malicious party accumulates enough voting power, they can authorize critical changes, such as asset transfers, without triggering protocol alarms. The timing also draws attention as Term Finance recently launched Term V2, introducing a revamped architecture for fixed-rate DeFi markets.
Earlier, Term Labs experienced a separate $1.5 million loss from a price-feed error in 2025, which the team reported had since been addressed. With this new exploit, pressure mounts on the company to evaluate operational safeguards, particularly around governance controls.
Describing the ongoing response, Term Labs stated that investigations continue and additional details will be shared after further analysis. The company’s incident-handling policy describes containment and recovery procedures, with a focus on assessing how voting control was obtained and which vaults or assets may still be at risk.
Wider Trends: Governance Attacks in DeFiGovernance-related vulnerabilities are not unique to Term Labs. In July, decentralized protocol BonkDAO lost $20 million after an attacker gained enough BONK tokens to pass a proposal transferring assets from the treasury. The attacker reportedly acquired this voting power for $4.4 million, illustrating the dangers posed by low token-voter participation in governance ecosystems.
A similar event occurred in 2026 with the TOP protocol, where attackers rapidly pushed through a malicious proposal by seizing majority voting rights, thereby outpacing community intervention. Security analysts consistently recommend deploying time locks, robust quorum structures, emergency controls, and monitoring systems to counteract such risks in DeFi governance frameworks.
ProtocolYearAttack MethodAmount LostTerm Labs2026Governance exploit$8.5 millionBonkDAO2026Quorum manipulation$20 millionTOP Protocol2026Majority voting captureUnknownThe aftermath for Term Labs centers on resolving its governance vulnerabilities and determining the safety of user assets before resuming full protocol operations. The investigation is ongoing and recovery plans are being assessed.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum ($ETH) staged a sharp comeback last week, climbing to its highest level since January and confirming a golden cross on the daily chart. The move has coincided with a fresh wave of ETF inflows, with US spot Ethereum ETFs pulling in roughly $697 million over the week.
Ethereum ETF Inflows are Rising Amid a Risk-On SentimentAmerican investors are boosting their Ethereum ETF purchases as a risk-on sentiment continues. SoSoValue data shows that these funds had $697 million in inflows last week, a big reversal after they lost $2.2 million in the previous week.
These funds have now added $939 million in inflows this month, much higher than the $365 million they added in July. That is a sign that institutional and retail investors have moved to an accumulation phase.
Spot Ethereum ETFs have had cumulative net inflows of $12.15 billion since their inception and now hold $14.2 billion in assets. BlackRock’s ETH holds the most assets with $7.8 billion. It is followed by funds by companies like Grayscale and Fidelity.
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Meanwhile, the amount of staked ETH tokens is rising. StakingRewards data shows that the staking ratio has jumped to 35%, with the number of staked tokens rising to 42.3 million.
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Ethereum jumped sharply as the Crypto Fear and Greed Index jumped to the greed zone of 76. That is a sign that investors are embracing a more risk-on sentiment.
The breakout was driven by a rotation to cryptocurrencies after Scott Bessent announced a major intervention in the bond market. This announcement drove more investors to Bitcoin (CRYPTO: BTC), which has a supply cap of 21 million coins. Bitcoin’s rebound also benefited altcoins, which have a close correlation with it.
Ethereum Price Has Formed a Golden Cross PatternTechnicals suggest that Ethereum price has more upside to go in the near term. It has already formed a golden cross pattern as the 50-day and 200-day Weighted Moving Averages (WMA) crossed each other. This pattern often leads to more gains as it sends a message that the momentum is accelerating.
The coin has already moved above the important resistance level of $1,975, its highest point on July 27. Also, it is slowly forming a bullish pennant pattern, a common continuation sign. This pattern is made up of a vertical line and a symmetrical triangle.
Therefore, the token will likely have a bullish breakout, potentially to the psychological level of $3,000. This view will be confirmed if it jumps above this week’s high of $2,545.
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An artificial intelligence (AI) security firm went public with a Ledger Ethereum app bug. Ledger says it had already fixed the flaw quietly, two weeks earlier.
Chief technology officer Charles Guillemet called the disclosure fear-mongering. The patch shipped on August 12 with a one-line note and no security bulletin.
What the Ledger Ethereum App Bug Actually DidLedger sells one core promise. The screen shows you what you are signing. That promise has a name. Ledger calls it clear signing, and it turns raw transaction code into plain words on the device screen.
TestMachine says it found a way around that. The firm builds an AI agent called Azimuth that hunts exploits in smart contracts. On its own EVMBench benchmark, Azimuth catches 86.3% of known bugs with roughly 2.7% false positives.
Found by Azimuth during an autonomous scan of the Ledger Ethereum app. Validated on Flex. Shared and verified with the team. Declining any bounty. Same shared APDU/UI code across Nano X, Nano S Plus, Stax, Apex.
The power of always on securityhttps://t.co/fH5mO97Kkp
— TestMachine (@testmachine_ai) August 22, 2026
Here is the flaw in plain terms. A malicious website could send the device a second command while you were still reading the first one.
The channel between browser and device is called the Application Protocol Data Unit, or APDU. It kept listening during the review. So it accepted the swap.
You would read a small transfer on screen. Then you would tap approve. And you would actually sign an unlimited token approval to a stranger.
That last part is why this matters. Chainalysis has traced roughly $1 billion in crypto stolen through approval phishing since May 2021. Those victims signed the approvals themselves.
TestMachine says it confirmed the bug on a Ledger Flex. Ledger has sold more than 7 million devices across 180 countries.
Ledger’s Donjon Team Says It Got There FirstGuillemet flips the timeline. Donjon is Ledger’s in-house hacking team. He says it caught the bug with its own AI tools and shipped the fix first.
The public changelog backs the date. Version 1.22.2 landed on Aug. 12. Its entire security note says “Security issues.”
Donjon has published 22 numbered security bulletins. None of them covers this bug. The latest, dated June 4, deals with a Monero key-recovery issue instead.
That silence is the gap TestMachine walked into. Ledger closed the hole, then never told owners what it had closed.
Guillemet’s sharper complaint is about manners. He says TestMachine contacted the bounty program only after the patch shipped. It never spoke with the bounty team.
“…Then they published a thread implying the problem is unsolved. It is not. That’s not security research. That’s manufacturing fear for attention,” Charles Guillemet, Ledger CTO remarked.
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TestMachine praised the speed of the fix and turned down the reward. Ledger pays bounties in Bitcoin, at an amount it sets case by case.
AI Found the Bug Twice, But Humans Still FoughtBoth sides used machine learning to reach the same defect. That is the part worth watching.
Ledger has made this argument before. Its executives have said for months that AI attackers threaten wallets more than weak hardware does.
Guillemet drew his line at discipline.
“AI-speed research only makes the ecosystem safer if the people doing it still follow basic security principles. Disclose responsibly. Verify before you publish. Don’t confuse noise with a finding.”
The fight itself is familiar. Security firms have gone loud after hacking a Trezor device, and CertiK researchers fought Kraken over disclosure terms in 2024.
So is the flaw. Back in January 2021, Donjon disclosed that this same Ethereum app failed to show transaction data for unsupported assets. Same app, same lesson. What you saw was not what you signed.
AI now surfaces these bugs in hours. Vendors and researchers still coordinate at human speed. That gap is where this argument lives.
For owners, the fix is dull. Open Ledger Live, update the Ethereum app, and check that it reads 1.22.2.
Solana’s real-world asset ecosystem crossed $4 billion in total value for the first time on August 23, marking a milestone that would have seemed laughable at the start of the year. Back in January, the network’s RWA tally sat at roughly $1.4 billion. That’s a near-tripling in under eight months.
The growth wasn’t a sudden spike, either. Over the preceding 30 days alone, Solana’s RWA ecosystem absorbed $263 million in net inflows, translating to a 10.6% growth rate in a single month. For context, Ethereum, the undisputed heavyweight of tokenized assets, saw $337 million in outflows over the same period.
What’s driving the surge Tokenized US Treasuries remain the anchor of Solana’s RWA story, accounting for $1.2 billion of the total. That segment grew 16% within the measured period.
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Tokenized equities have emerged as a serious growth engine on the network. Products like xStocks by Backed Finance helped push trading volumes on Solana’s decentralized exchanges past $5.8 billion in the second quarter of 2026.
The trajectory has been remarkably consistent. Solana’s RWA value hit approximately $3 billion in June, climbed to somewhere between $3.4 billion and $3.7 billion in July, and then punched through the $4 billion ceiling in August.
Data from rwa.xyz shows over 348,000 wallets now hold RWA tokens on Solana.
Ethereum’s uncomfortable mirror Ethereum still dominates the RWA landscape with roughly $17.2 billion in total value. While Solana pulled in $263 million over 30 days, Ethereum hemorrhaged $337 million over the same window.
Solana is now positioned to potentially overtake BNB Chain for the second spot in the RWA rankings.
Solana offers sub-second finality and transaction costs measured in fractions of a cent. Traditional stock markets operate on T+1 settlement. On-chain equities on Solana settle in roughly 400 milliseconds.
Why the RWA race matters BlackRock, Franklin Templeton, and other major asset managers have already begun tokenizing funds, and the chain they choose for distribution becomes a critical infrastructure decision.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: Solana price prediction keeps $114 to $116 in view while SOL holds the $95.13 Fibonacci level and challenges resistance near $100. Solana controls $75.4 million of tokenized-stock DeFi deposits, representing 64.5% of the market tracked by Token Terminal. Solana attracted $263 million in 30-day RWA inflows while Ethereum recorded $337 million in outflows during the same period. A weekly Elliott Wave chart maps a possible $160 to $180 recovery, but a decisive break below the recent low would invalidate the setup. Solana traded near $95 after rebounding from the $60 region, while fresh tokenization data strengthened its network story. The Solana price prediction now combines a 26% weekly recovery with growing use of tokenized stocks inside decentralized finance. Token Terminal data place Solana at $75.4 million in related DeFi deposits, equal to 64.5% of the tracked market.
Ethereum, BNB Chain and Base trail that total. SOL still faces immediate resistance around $99 to $100. Yet its stronger on-chain activity gives traders a fundamental signal alongside the technical rebound. Support at $95.13 now separates consolidation from a deeper pullback over coming sessions.
Solana SOL Price Solana Price Prediction Gains Support From Tokenized Stocks The latest deposits show tokenized stocks moving beyond issuance into lending, liquidity and collateral markets. That shift matters because assets become more useful when holders can deploy them inside DeFi. Solana’s low fees and fast settlement support frequent transfers, smaller positions and continuous trading.
The broader real-world asset market reinforces that pattern. Solana attracted $263 million over the 30 days ending Aug. 19. Ethereum recorded $337 million in outflows during the same period. The contrasting moves produced a $600 million swing, although they do not prove direct migration between networks.
Solana’s RWA value reached $3.8 billion by Aug. 19, then crossed $4 billion four days later. Ethereum still held about $17.2 billion, giving it a larger base. Solana grew 10.6% over 30 days, compared with Ethereum’s 1.3% increase. That strengthens the Solana price prediction without guaranteeing token appreciation.
Tokenized Treasuries provide another source of growth. Their value on Solana rose 16.1% to $1.2 billion during the period. Treasury products can serve as cash-management instruments and collateral for institutions. A deeper pool can attract larger transactions and improve the network’s appeal to asset managers.
Source:Token Terminal data Tokenized stocks also generated $5.8 billion in spot DEX volume during the second quarter. Solana handled about 95% of global on-chain equity DEX activity. That concentration supports the network’s competitive position, but activity does not flow automatically to SOL holders.
The protocol burns roughly 650 SOL daily while issuing nearly 60,000 SOL. Therefore, fee destruction offsets only about 1% of new issuance. With no fixed supply ceiling, stronger tokenized asset use may not create immediate scarcity. The Solana price prediction still depends on market demand absorbing that supply.
SOL Price Charts Keep Key Fibonacci Levels in Focus SOL price trades near the 23.6% Fibonacci retracement at $95.13. More Crypto Online labels the current structure a fourth-wave correction following an advance from the upper $70s. Holding that level would preserve the short-term bullish count, although the correction may extend.
A break below $95.13 could expose the 38.2% retracement at $90.69. The 50% level at $87.26 forms the next support. Those prices define a wider area where buyers could defend the rebound. Losing them would weaken the immediate Solana price prediction and increase downside risk.
The first upside test sits between $99 and $100. A sustained move above that range would suggest buyers have absorbed the pullback. More Crypto Online maps a possible fifth-wave advance toward $114 to $116. The target remains conditional on support holding and resistance breaking.
Rod’s weekly chart presents a broader recovery scenario. It treats the fall from the 2025 highs as a completed A-B-C correction near $60. Under that count, SOL price could form higher lows before targeting $160 to $180. It must first reclaim $100 and move through the $120 to $140 region.
The Solana price prediction fails under either chart if the recent correction low breaks decisively. Elliott Wave counts can change when new price data alter the pattern. Traders are watching $95.13 and $100 for short-term confirmation. Rod’s weekly setup uses the recent $60-area correction low as its invalidation level.
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Tom Lee: Next week could be a pivotal window for the direction of US stocks, with the return of AI sector confidence as the key factor, and remarks from Jensen Huang and the Federal Reserve as two major variables.
BitMine Chairman Tom Lee told CNBC that next week could mark a turning point for the stock market. Trading in AI stocks has stalled amid concerns over data centers and U.S. political opposition, Lee noted. The key question is whether confidence in AI can rebound after this stagnation. If NVIDIA CEO Jensen Huang can demonstrate at an upcoming event that demand for AI computing power remains robust, it will help reinject market confidence and lift the AI sector out of its consolidation. Lee also stressed that uncertainty surrounding the Federal Reserve continues to build, with a series of upcoming public appearances by Fed officials serving as another key market signal. The S&P 500 has recently hovered around 7,678 points, down approximately 1.4% this week, as the market faces dual doubts about the sustainability of AI capital expenditures and the path of monetary policy. Next week is a critical window to observe the market’s directional choice, and whether AI demand signals and Fed policy expectations can resonate will determine the short-term trend of risk assets.
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According to HTX market data, the altcoin market maintained its upward trend over the weekend, with multiple tokens posting strong gains. Top performers include: ZRO up 20.40% in 24 hours, trading at $1.198; DGB rose 18.47% in the same period, at $0.00494; STX gained 16.24%, priced at $0.2341; PUMP jumped 15.67% to $0.005314; FF added 14.18%, trading at $0.08578; ENA up 11.68%, now at $0.1760; ETHFI rose 9.27%, at $0.6374; MORPHO gained 8.47%, priced at $2.433; PENDLE up 7.25%, trading at $1.775; YB added 7.09%, at $0.0967; SAGA jumped 6.71%, now at $0.01527; XPL rose 6.65%, priced at $0.10437; BOME gained 6.33%, trading at $0.0012187; AAVE up 5.53%, at $132.6.
27 minutes ago
Michael Saylor: The most remarkable breakthrough of Bitcoin is the conversion of economic resources into digital form.
MicroStrategy founder Michael Saylor said Bitcoin’s most remarkable breakthrough lies in its ability to convert economic resources into digital form and securely link them to individuals, households, companies, machines, or nations.
27 minutes ago
Tom Lee: Next week could be a pivotal window for the direction of US stocks, with the return of AI sector confidence as the key factor, and remarks from Jensen Huang and the Federal Reserve as two major variables.
BitMine Chairman Tom Lee told CNBC that next week could mark a turning point for the stock market. Trading in AI stocks has stalled amid concerns over data centers and U.S. political opposition, Lee noted. The key question is whether confidence in AI can rebound after this stagnation. If NVIDIA CEO Jensen Huang can demonstrate at an upcoming event that demand for AI computing power remains robust, it will help reinject market confidence and lift the AI sector out of its consolidation. Lee also stressed that uncertainty surrounding the Federal Reserve continues to build, with a series of upcoming public appearances by Fed officials serving as another key market signal. The S&P 500 has recently hovered around 7,678 points, down approximately 1.4% this week, as the market faces dual doubts about the sustainability of AI capital expenditures and the path of monetary policy. Next week is a critical window to observe the market’s directional choice, and whether AI demand signals and Fed policy expectations can resonate will determine the short-term trend of risk assets.
27 minutes ago
HYPE’s iron long positions generated $57.18 million in profits over 10 months, with the position value reaching as high as $110 million.
According to EmberCN’s monitoring, as HYPE surges past $80 to hit a new all-time high, a veteran diamond-handed trader who has held long HYPE positions for 10 months has pocketed $57.18 million in profits. Their position value has grown from an initial $53.38 million to $110 million: they opened a long position of 1.38 million HYPE at $38.6 last November. Over the 10-month holding period, they paid $4.98 million in funding fees and still show no signs of taking profits.
27 minutes ago
Trader 0x2035 has already doubled his money on @Aster_DEX. His 666 $ETH ($1.61M) long is currently up $219K (+150%).
Trader 0x2035 has already doubled his money on @Aster_DEX. His 666 $ETH ($1.61M) long is currently up $219K (+150%).
Nearly $100 million in longs were wrecked in the past hour.
Bitcoin’s price suddenly dipped to $75,500 after it failed to remain above $77,000 during the weekend. Most altcoins have followed suit, including the largest ones, which performed a lot better on Friday and Saturday.
This volatility, untypical for the weekend, came amid reports that one of the most prominent market makers, Wintermute, had gone short on a few fronts.
At first, Onchain Lens noted that the company sent nearly $60 million in BTC and SOL to Binance and Coinbase, likely intending to sell. In addition, the analytics resource said Wintermute has built up a massive futures position on Hyperliquid.
Although current on-chain data shows that the company has a $13.85 million long position, the lion’s share of this leveraged trade is shorting the market – $146.19 million.
WINTERMUTE IS HEAVILY SHORT 🐻
Wintermute currently holds $160.03M in open positions on Hyperliquid, with $146.19M short and just $13.85M long.
The positions are sitting at a combined unrealized loss of $3.66M, while earning $2.14M in funding.
Bitcoin’s price, which had one of its most impressive weeks in years, surging from $64,000 to almost $80,000 in less than 48 hours, reacted with a dip on Sunday morning. The asset had calmed at over $77,000 but slipped by over a grand and a half to $75,500. It found some support there, and now sits above $76,000, but it’s still 2% down on the day.
Many altcoins have posted more painful losses. ETH has dropped by 5% to well below $2,400, while XRP is down by 6.5%. Ripple’s token was rejected at $1.70 on Friday evening and Saturday morning, and is now back below $1.50.
You may also like: Bitcoin’s Rally to $80K Sends Investor Greed to Highest Level Since the October 2025 Crash Bitcoin and Gold Are Surging Together: The ‘Debasement Trade’ Is Back What Sent Bitcoin Flying Above $71,000? 5 Factors Behind the Surge CoinGlass data shows that almost $100 million in logs were wrecked in the past hour, with BTC and ETH holding the same share of around $41.5 million each. On a daily scale, the total liquidations top $350 million, with more than 90,000 traders getting wrecked, which is a lot for a weekend.
This Sunday correction came after a few signals suggested that bitcoin is due for a pullback after gaining $15,000 in days.
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Privacy is now an increasingly important area of research in modern cryptography. On Friday, Vitalik Buterin published the third part of his series dedicated to cryptographic obfuscation. This time, he studies “local mixing,” a method that abandons lattices and elliptic curves. His approach is rather inspired by hash functions and symmetric cryptography. This approach hides the internal logic of a program while preserving its operation, with implications for privacy on the blockchain.
In brief Vitalik Buterin presents “local mixing”, a new approach to cryptographic obfuscation. This method abandons lattices and elliptic curves in favor of ideas derived from hashing. The process transforms logical circuits to hide their operation while preserving their outputs. AI could accelerate its development, despite the significant risks and technical limitations that remain. Another cryptographic path for obfuscation In his first two texts, Vitalik Buterin, founder of Ethereum, studied constructions based on lattices. The first part was published on June 29. The second, dedicated to the iO diamond, came out on July 28. With this installment, he changes direction. Local mixing does not use elliptic curves, prime factorization, or lattices in its design.
According to him, this method is closer to symmetric cryptography. It serves as a basis for encryption and hash functions. The principle is to work on a circuit made of logic gates such as XOR, AND, and NOT. The process preserves the output while erasing traces of the internal logic.
The circuit goes through several stages before obfuscation. Vitalik Buterin describes, in his latest article, notably reversibility, hardening, gadgetization, and mixing. During this phase, unnecessary gates complicate its analysis. The layout changes, while some blocks are replaced by others producing the same computation.
Vitalik Buterin bets on reversibility and scrambling Reversibility plays a central role in the presented operation. A reversible gate can be rewritten using another set of reversible gates that have identical behavior. It facilitates these transformations. Conversely, an AND OR gate offers fewer possibilities to apply this type of rewriting.
Mixing alone is not enough to mask the program’s structure. The other stages must therefore accomplish most of the work. Hardening and gadgetization reinforce the transformation before its final obscuring. The goal remains to preserve computation while making its internal logic difficult to trace.
This method seeks to go beyond a simple visual modification of the code. The circuit becomes progressively more complex to examine. Privacy then rests on the difficulty of understanding its organization despite preserving its outputs. This logic places the circuit’s transformation at the core of the approach.
A still risky path for obfuscation Vitalik Buterin describes local mixing as a “risky and bold bet.” This reservation notably comes from its link to many failed attempts in white-box cryptography. The authors believe additional efforts could strengthen this approach. They also accept a higher cost for a more robust construction.
Artificial intelligence appears in this reflection. It could condense three decades of hash function development into just a few years. This possibility distinguishes local mixing from lattice-based approaches. In those approaches, the trade-off rests on security assumptions.
For him, obfuscation thus represents a particularly difficult frontier of cryptography. He had called it the “final boss of cryptography” in his June publication. Some highly rigorous constructions also show execution times exceeding the universe’s lifespan. The question therefore concerns security and feasibility.
The interest in this research mainly comes from its applications. Obfuscation can transform a program into an encrypted version while preserving standard inputs and the same outputs. Combined with a blockchain, it could contribute to private votes resistant to collusion. It could then reduce the need to trust an M-out-of-N committee to guarantee the process.
The future will mainly allow evaluating if local mixing can overcome its current limits. Vitalik Buterin maintains a cautious approach toward a technique still associated with several difficulties. Advances in cryptography and AI could, however, change the available capabilities. Viability will therefore depend on its security, cost, and efficiency.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Rep. Rashida Tlaib holds up to $30,000 in iShares Bitcoin (BTC) Trust ETF positions and up to $15,000 in a Grayscale Ethereum (ETH) staking fund, her latest financial disclosure shows.
The Michigan Democrat voted against the CLARITY Act in July 2025 and co-sponsored a resolution targeting crypto corruption. The Senate takes up the same bill in September.
What the Disclosure ShowsTlaib filed her annual disclosure covering 2025 on August 11, 2026. It lists the iShares Bitcoin Trust ETF (IBIT) in two separate accounts. Her Schwab Rollover Traditional IRA and her Schwab Roth Contributory IRA each hold a position valued at $1,001 to $15,000.
The Roth IRA also holds the Grayscale Ethereum Staking Mini ETF, which is likewise valued between $1,001 and $15,000. Combined, the three positions represent between $3,003 and $45,000 in crypto exposure. Lawmakers disclose assets only in broad ranges.
🇺🇲Rep. Rashida Tlaib’s latest financial disclosure reveals she holds Bitcoin and Ethereum in her $1.2 million retirement account.
So why did the “Squad” staple vote against major crypto legislation in Congress?
Tlaib voted last month against the pro-crypto CLARITY Act.
She… pic.twitter.com/A8AFABQMNS
— Mario Nawfal (@MarioNawfal) August 23, 2026
The filing shows Tlaib bought IBIT on April 28 and May 29, 2025. Both purchases coincided with rollovers of two employer retirement plans into her Schwab accounts. The exposure comes entirely through exchange-traded funds. The filing lists no directly held cryptocurrencies.
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A Voting Record That Points the Other WayTlaib voted against the CLARITY Act when the House passed it 294-134 in July 2025, House records show. The bill would establish a market structure framework for digital assets. The Senate holds a procedural vote on it on September 15.
In October 2025, Tlaib co-sponsored the Ban Crypto Corruption Resolution led by Rep. Ro Khanna. It calls on politicians and their immediate families to refrain from issuing, sponsoring, or endorsing digital assets. It also urges blind trusts for their digital asset holdings.
Her skepticism dates back further. In 2020, she introduced the STABLE Act. The bill sought to make it illegal to issue a stablecoin unless the issuer was an insured depository institution and a Federal Reserve System member. The bill died in committee.
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DeFi lending protocol Term Labs lost roughly $8.5 million on Sunday after a governance exploit impacted its Term vaults, blockchain security firm PeckShield reported.
The attacker pulled 2,843 Ethereum (ETH) and 1.68 million USDC (USDC) out of the protocol. Term Labs confirmed the incident and said a fuller account would follow its investigation.
How the Term Labs Attacker Moved the FundsPeckShield valued the ETH portion at $6.87 million and the stablecoin portion at $1.68 million. The attacker then swapped the USDC into roughly 1.68 million Dai (DAI).
The post highlighted that the wallet behind the attack was originally seeded with 2 ETH withdrawn from Tornado Cash. Mixer funding is a common precursor to onchain theft, since it breaks the link to an exchange deposit.
Term Labs runs fixed-rate lending through onchain auctions. According to DefiLlama, the vaults’ total value locked stands at $12.2 million, with $8.6 million of that on Ethereum.
The team has not yet named the specific governance function the attacker abused.
We are aware of a governance exploit impacting Term vaults.
We will share more details once it has been further investigated.
— Term Labs (@term_labs) August 23, 2026
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August Losses Keep Stacking UpThe exploit lands in an already heavy month. DefiLlama had logged 17 security incidents worth about $18.8 million in August before the Term Labs drain. The $8.5 million loss alone would push the month past $27 million.
August still trails July, when 38 incidents cost roughly $254 million. The Coldcard wallet firmware flaw accounted for $116 million of that total.
Other August victims include Harmony, where an attacker minted roughly 4 billion tokens without authorization. Payment processor Coinsbuy was also drained of $7.9 million. Sandbox contained a SAND bridge vulnerability on Saturday.
Governance failures stay rare but expensive. DefiLlama has classified five 2026 incidents as governance attacks worth $25.1 million combined, led by a $20 million malicious proposal against BonkDAO in July.
Term is also a repeat target. DefiLlama recorded a $1.65 million hit at Term Finance in April 2025, attributed to an oracle misconfiguration.
Across the wider market, SlowMist counted 182 incidents worth about $956 million in the first half of 2026, per its mid-year report.
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Bitcoin, Ethereum ve XRP hafta sonundaki sert yükselişin ardından geri çekildi. Bitcoin 75.500 dolara kadar inerken Ethereum 2.400 doların altına, XRP ise 1,50 doların altına geriledi. Piyasadaki hareketin arkasında ise büyük piyasa yapıcılardan Wintermute’un açtığı iddia edilen yüksek hacimli short pozisyonlar dikkat çekti.
Bitcoin, kısa sürede 64.000 dolardan yaklaşık 80.000 dolara yükselerek son yılların en güçlü haftalarından birini geçirirken pazar günü satış baskısıyla karşılaştı. 77.000 doların üzerinde tutunamayan BTC, 75.500 dolara kadar geriledi. Fiyat daha sonra 76.000 doların üzerine çıksa da günlük kayıp yaklaşık %2 seviyesinde kaldı.
Wintermute Bitcoin ve Solana Transferleriyle Dikkat Çekti Onchain Lens verilerine göre Wintermute, yaklaşık 60 milyon dolar değerinde BTC ve Solana‘yı Binance ve Coinbase’e gönderdi. Bu tür transferler, varlıkların satış amacıyla borsalara taşındığı şeklinde yorumlanabiliyor.
Ancak asıl dikkat çeken gelişme Wintermute’un Hyperliquid üzerindeki vadeli işlem pozisyonları oldu. Mevcut on-chain verilere göre şirketin yaklaşık 13,85 milyon dolarlık long pozisyonuna karşılık 146,19 milyon dolarlık short pozisyonu bulunuyor.
Bu tablo, Wintermute’un söz konusu işlemlerde ağırlıklı olarak piyasanın düşeceği yönünde pozisyon aldığını gösteriyor. Ancak transferlerin veya pozisyonların kesin olarak satış amacı taşıdığını söylemek mümkün değil.
WINTERMUTE SENDS $57M TO BINANCE AND COINBASE
Wintermute moved 129.54K $SOL (~$12.42M) and 169.5 $BTC (~$13.11M) to Binance, likely to sell
Another 407.47 $BTC (~$31.36M) was moved through intermediary wallets and later forwarded to Coinbase. pic.twitter.com/BKxklfnHSn
— Onchain Lens (@OnchainLens) August 23, 2026
Bitcoin Neden 75.500 Dolara Geriledi? Bitcoin’in sert yükselişinin ardından gelen düşüş, hafta sonu için dikkat çekici bir volatilite yarattı. BTC, 64.000 dolar seviyesinden yaklaşık 80.000 dolara kadar yükselmişti.
Pazar günü 77.000 doların üzerinde kalamayan Bitcoin, kısa sürede 1.500 dolardan fazla gerileyerek 75.500 doları gördü. Bu seviyede destek bulan BTC yeniden 76.000 doların üzerine çıktı ancak günlük bazda yaklaşık %2 ekside kaldı.
Ethereum ve XRP’deki düşüş ise Bitcoin’den daha sert oldu. ETH yaklaşık %5 gerileyerek 2.400 doların altına inerken XRP %6,5 değer kaybetti.
XRP, cuma akşamı ve cumartesi sabahı 1,70 dolar seviyesinde reddedilmişti. Son düşüşle birlikte token yeniden 1,50 doların altına indi.
Kripto Piyasasında 350 Milyon Dolarlık Tasfiye Hafta sonundaki düşüş kaldıraçlı işlemlerde de büyük kayıplara yol açtı. CoinGlass verilerine göre yalnızca son bir saatte yaklaşık 100 milyon dolarlık long pozisyon tasfiye edildi.
Bu tasfiyelerde Bitcoin ve Ethereum’un payı yaklaşık 41,5’er milyon dolar oldu.
Son 24 saatteki toplam tasfiye miktarı ise 350 milyon doları aştı. Aynı süreçte 90.000’den fazla yatırımcının kaldıraçlı pozisyonu tasfiye edildi.
Bitcoin’in yalnızca birkaç gün içinde yaklaşık 15.000 dolarlık yükseliş yaşaması, piyasada kısa vadeli bir düzeltme ihtimalini artıran sinyallerin oluşmasına neden olmuştu. Pazar günkü hareket, bu sert yükselişin ardından gelen ilk belirgin geri çekilmelerden biri oldu.
Şimdi piyasada kritik soru, Bitcoin’in 75.500-76.000 dolar bölgesinde destek bulup bulamayacağı. Bu seviyenin korunması halinde hafta sonu düşüşü kısa vadeli bir düzeltme olarak kalabilir. Satış baskısının devam etmesi ise Ethereum ve XRP başta olmak üzere altcoinlerde daha derin geri çekilmeleri gündeme getirebilir.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
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.
Ethereum finally did what its most loyal holders have been waiting nearly four years to see. On August 22, ETH broke past its previous all-time high on Coinbase, touching a range of $4,866 to $4,885 and eclipsing the roughly $4,878 mark set during the euphoric days of November 2021.
The catalyst wasn’t a new DeFi protocol or a Vitalik Buterin keynote. It was Federal Reserve Chair Jerome Powell, speaking at the Jackson Hole symposium, dropping the kind of hint that makes risk assets do backflips: a potential interest rate cut in September.
The Powell effect Powell’s comments at Jackson Hole landed like a match in a room full of dry tinder. Within 24 hours of his remarks, ETH ripped nearly 15% higher. Bitcoin, by comparison, managed a more measured gain of around 4%.
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Shortly after the initial breakout, ETH continued climbing. Various data providers reported the absolute high reaching the $4,946 to $4,953 range, pushing even further into uncharted territory.
Why this time feels different from 2021 The last time ETH was trading at these levels, the world looked very different. November 2021 was the peak of a cycle fueled by near-zero interest rates, stimulus checks, and a general vibe that number-go-up was a permanent state of affairs. What followed was a brutal bear market, the collapse of Terra/Luna, the FTX implosion, and a prolonged period where crypto felt more like a crime scene than an asset class.
This rally has a different foundation. ETH entered 2025 already up 45% year-to-date before the latest surge. The network itself has undergone fundamental changes since 2021, most notably the transition to proof-of-stake, which dramatically reduced ETH issuance and energy consumption.
Institutional interest has also evolved considerably. Treasury accumulations by corporations and growing inflows into ETH-based ETFs suggest that the buyer base for Ethereum has matured well beyond the retail-driven speculation that characterized the previous cycle.
What this means for markets For traders, the 15% single-day move represents exactly the kind of volatility that creates opportunity, and risk. The gap between ETH’s performance and Bitcoin’s more modest 4% gain also raises the question of whether Ethereum can sustain this outperformance or if the premium will compress.
Institutional inflows into ETH-based ETFs will be the metric to watch in the coming weeks. If fund flows accelerate alongside the price breakout, it would suggest this move has staying power beyond the initial macro-driven spike. If flows remain flat or decline despite the new high, it could indicate that the rally is running on retail enthusiasm alone, a pattern that has historically been less durable.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The five-day run in spot crypto ETF flows is becoming harder to dismiss as a one-off asset rotation. Spot Bitcoin ETFs pulled in $307 million in net inflows on August 21, while spot Ethereum ETFs added $185 million, according to the original report from WuBlockchain. Both product categories have now posted five consecutive sessions of positive net flows.
That symmetry matters. Bitcoin products usually lead flow cycles, but Ethereum ETFs often lag or leak assets during risk-off stretches. A multi-day streak across both asset classes suggests the buying is not limited to a single narrative, such as a flight to bitcoin quality.
The Flow Pattern Is More Important Than the Day Count A $307 million daily inflow is not historically extreme, but consistency carries different information than size. Five straight days implies investors are re-entering exposure through regulated wrappers rather than waiting for spot exchanges to show stronger momentum. The structure matters because ETF inflows are booked through broker-dealers, custodians, and authorized participants, adding a layer of institutional plumbing that spot market volume does not capture.
August is also a month when many institutional desks run lighter staffing, so flows of this size during a seasonally quiet stretch stand out. If demand holds through the final full week of the month, it could force short-term traders to reassess downside positioning.
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BitMEX co-founder Arthur Hayes delivered a blunt message to investors following a sudden market surge, telling Crypto Banter host Ran Neuner that avoiding risk assets right now would be foolish.
His comments came just after the US Treasury moved to double the size of its debt buybacks.
Note: Arthur Hayes recent crypto trading actions have been anything but examplarary. BeInCrypto published an extensive analysis of his publicly known wallets. KOL comments and discussions shouldn’t be considered as investment advice.
What Triggered Hayes’s Bullish CallSoft yield curve control refers to central bank or Treasury actions that cap bond yields without formally announcing a fixed target, injecting liquidity through indirect market intervention. Hayes described the buyback expansion in exactly those terms.
“You’re an idiot if you’re not long stocks, long gold, long Bitcoin, long the market,” Arthur Hayes said, linking the Treasury’s actions directly to renewed liquidity-driven gains.
Treasury Secretary Scott Bessent announced the expansion targeting longer-dated Treasuries. Markets had been testing the 5% level in 10-year yields, a threshold many view as unsustainable for US debt servicing.
By increasing buybacks, the Treasury effectively capped yields, injecting liquidity much like previous interventions under Janet Yellen.
Hayes argued that when governments suppress bond yields artificially, private capital flees fixed income in search of scarce alternatives.
“That’s why markets ripped gold, Bitcoin stocks, right? This is the the Yellen put if you want to call it that. Uh she started this. Um, funny at the time, you know, he wasn’t this treasur treasury secretary then. You know, Scott Bessent had a lot of choice words for how moronic it was that uh Janet Yellen was issuing so much debt at the short end,” Hayes explained.
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He drew a parallel to the Bank of Japan’s decade-long experiment with yield-curve control, arguing that capped yields inevitably push capital toward equities, gold, and Bitcoin.
Why Hayes Sees This as the Start of a PatternThe immediate market reaction validated his view. The 30-year Treasury yield fell, Bitcoin broke above key moving averages near $70,000, equities rose, and altcoins turned sharply green.
Hayes called the move a recognition that authorities will keep intervening to defend debt sustainability, creating a series of liquidity injections over time rather than a single event.
With the Federal Reserve holding rates steady to support Treasury operations and additional tools, such as expanded repo facilities, still on the table, Hayes sees the policy bias as firmly pro-asset prices. He added that Trump’s focus on a strong stock market further aligns those incentives.
While acknowledging that part of Bitcoin’s sharp move reflected a short squeeze, Hayes stressed a deeper structural shift: governments now prioritize debt defense over free-market pricing of yields.
“The balance sheet expands infinitely because the market say, ‘Oh, you want to you want a capul 5%? Yours. Here are all these bonds. I want equities. I want gold. I want Bitcoin. I want anything that has a scarce supply if you’re going to create more dollars to artificially manipulate these yields.” BitMEX co-founder noted.
Bitcoin (BTC) Price Performance. Source: BeInCryptoIn that environment, he argued, holding cash or staying under-allocated to equities, gold, and Bitcoin becomes the riskier choice. Hayes said he remains heavily positioned, having stayed risk-on for weeks with significant exposure to both Bitcoin and Ethereum.
His words, which also touched on his new project Flop Labs, underscored a simple thesis for the current regime: stay long scarce assets while authorities keep printing and intervening.
“I mean, I’ve been riskon for a, you know, a few weeks now. I mean, we pumped a lot into Ethereum, bought some Athena, bought some Ethery. So, we’re pretty much at probably maximum risk, I would say, right now, uh, given our holdings and so, you know, just sitting back and watching the number go up on the screen. So, it’s nice,” Hayes said.
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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.
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Goldman Sachs: AI trading sees July-style deleveraging resurface, storage and data center sectors most attractive
Goldman Sachs views this week’s market moves as a classic deleveraging-driven selloff, with underlying logic similar to the July rout. Its high-beta momentum portfolio fell 12% this week, while the AI hedge portfolio dropped 10% over five days. While leverage in the AI sector has pulled back from extreme highs, inertial capital is still driving rapid, indiscriminate dip-buying. Goldman notes that AI trading is not over, but the phase of generating excess returns via broad sector rallies is shifting; investors should now focus on opportunities where stock prices diverge significantly from earnings per share. Among these, the valuation gap in the storage and data center sectors is most pronounced, as earnings recovery has not yet been fully priced in, making them the most tactically attractive. Nvidia’s Q2 earnings report and its September industry conference will serve as upcoming catalysts. Meanwhile, momentum factors are rebalancing: software has replaced semiconductors as the largest weight in the three-month momentum long portfolio, while semiconductors and AI-linked names have shifted to short portfolios. Goldman adds that capital is also flowing into previously overlooked sectors such as European and Japanese banks, gold miners, and copper stocks.
17 minutes ago
Altcoins see widespread pullback, TAC drops over 40% in 24 hours.
According to HTX market data, as Bitcoin fell below $77,000, the cryptocurrency market has entered a pullback, with altcoins generally facing selling pressure and declining. Specifically: TAC is currently priced at $0.001672, down 40.86% in 24 hours; FHE trades at $0.01978, down 30.03% over 24 hours; SQD stands at $0.03, down 29.01% in 24 hours; PTB is priced at $0.0007364, down 27.11% in 24 hours; INX is at $0.006619, down 26.43% over 24 hours; BASED trades at $0.07328, down 25.35% in 24 hours; SWARMS is priced at $0.007254, down 24.80% in 24 hours; BEAT is at $0.1342, down 24.18% over 24 hours.
17 minutes ago
Grayscale: Bitcoin’s current price may offer favorable entry points for long-term investors.
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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.
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Uniswap recorded its highest daily UNI burn by dollar value on August 21. Ethereum remained the largest contributor, while Base and Robinhood Chain supplied a sizable share. Roughly 150,000 UNI were removed from supply during the session. UNI held near $4.34 after a sharp recovery from its mid-August lows. Uniswap recorded its largest single-day UNI burn by dollar value on August 21, removing roughly 150,000 UNI worth about $590,000 as protocol activity across Ethereum, Base and Robinhood Chain fed into its fee-driven burn system. The record matters because Uniswap’s current token economics connect network usage directly to UNI supply reduction, giving investors a measurable way to assess whether trading activity is translating into value accrual for the governance token.
Ethereum Led the Record Burn, but Base Added $165,000 Ethereum generated approximately $267,000 of the UNI burned on August 21, according to data reported by Wu Blockchain. Base contributed another $165,000, while Robinhood Chain accounted for roughly $87,000.
Daily blockchain token burns surged to nearly $600,000 at the latest peak, with Ethereum remaining a major contributor. The distribution is arguably more significant than the headline record. Ethereum supplied about 45% of the day’s dollar-value burn, meaning more than half came from other networks and sources.
That reduces the extent to which UNI’s burn rate depends exclusively on Ethereum mainnet trading activity.
The August 21 figures break down as follows: Total UNI burned: approximately 150,000 UNI Total burn value: approximately $590,000 Ethereum contribution: approximately $267,000 Base contribution: approximately $165,000 Robinhood Chain contribution: approximately $87,000 Remaining contribution: approximately $71,000 across other supported sources
The 150,000 UNI total was reportedly the second-largest daily burn measured in tokens, while the dollar value established a new record.
That distinction matters. A dollar-denominated burn record can be produced by a combination of higher UNI prices and greater token destruction, whereas the number of UNI removed provides a cleaner indication of the mechanism’s underlying activity.
How Uniswap Turns Protocol Fees Into UNI Burns Uniswap’s burn architecture is different from a conventional corporate buyback.
Protocol fees collected from supported Uniswap products are routed through fee adapters into an on-chain TokenJar. A specialized smart contract called a Releaser then determines how those accumulated assets can be extracted.
Under the Firepit mechanism, an external participant burns a specified amount of UNI to claim assets held by the system when doing so becomes economically worthwhile. The UNI used in the transaction is permanently removed from supply.
The economic sequence is therefore: Trading activity generates fees across supported Uniswap markets. Protocol fees accumulate in TokenJar contracts. A release becomes economically attractive once accumulated assets justify the required UNI burn. UNI is burned when those assets are released. Higher fee-generating activity can therefore increase the amount of UNI removed from supply.
UNI holders do not receive a direct proportional distribution of protocol revenue. The value-accrual mechanism instead operates through supply reduction, according to Uniswap’s documentation.
That difference is important when assessing the record. The $590,000 figure should not be interpreted as cash returned directly to token holders.
Cross-Chain Activity Is Becoming More Important to UNI Economics The burn system has expanded considerably beyond its original Ethereum footprint.
A governance proposal executed in March extended protocol fees across Base, Arbitrum, OP Mainnet and several other networks. Fees collected on supported Layer 2 networks can ultimately result in UNI being bridged back to Ethereum mainnet and permanently burned.
That architecture helps explain why Base could contribute roughly $165,000 to the August 21 record.
It also changes how UNI investors can evaluate Uniswap’s growth. Trading volume on an additional network is no longer relevant only as an ecosystem adoption metric. Where protocol fees are active and connected to the burn infrastructure, that activity can become part of UNI’s supply economics.
The next expansion is already under discussion. Uniswap governance currently has a temperature check concerning activation of v4 protocol fees, according to the governance forum.
If additional fee sources are activated, the relevant metric will not simply be whether Uniswap processes more volume. Investors will need to watch how much of that activity produces collectible protocol fees and how efficiently those fees translate into actual UNI destruction.
UNI Reclaims $4.30 After a Sharp August Reversal UNI was trading around $4.34 on the four-hour chart at the time of writing, after recovering sharply from approximately $3.20 in mid-August.
UNI trades near $4.34 after a strong rebound from the $3.20 region. Source: TradingView. The structure changed notably after August 19. UNI moved through $3.50, $3.70 and $4.00 in relatively quick succession before reaching the $4.40 area.
The latest candles show buyers attempting to hold those gains after a volatile rejection. One four-hour candle briefly fell toward approximately $3.70 before recovering, leaving a long lower wick. Price subsequently returned above $4.30.
The immediate technical levels are: $4.40-$4.45: The first resistance area, corresponding with the recent rally high. $4.20: Short-term support created during the latest consolidation. $4.00-$4.10: A more consequential support zone if the current advance loses momentum. Around $3.70: The recent volatility low and a deeper reference point for the recovery structure. A sustained break above the recent $4.40 region would establish a new short-term high. Failure to hold $4.20 would instead put the strength of the latest breakout under greater scrutiny.
The broader crypto market was weaker at the same time. Bitcoin traded around $77,036, down approximately 1.85% over 24 hours, while Ethereum changed hands near $2,423, down about 4.29%. UNI’s ability to remain near its recent highs despite that backdrop separates the token’s latest move from a simple market-wide advance.
The burn data now provides another metric against which that relative strength can be tested. One record session has limited influence on UNI’s overall supply by itself. A sustained increase in protocol-generated burns, particularly if contributions continue spreading across Ethereum, Base and other networks, would provide stronger evidence that the expanded fee architecture is producing recurring rather than episodic supply reduction.
The crypto market just suffered its biggest flash crash since October 2025, wiping out $108 billion in just six minutes. The total market value fell from $2.68 trillion to $2.55 trillion as selling pressure increased. More than $1.71 billion in crypto positions were liquidated, hitting Bitcoin, Ethereum, and altcoins the hardest.
Crypto Rally Halt Turned Into $1.7B LiquidationsAccording to CoinGlass, 281,846 traders were liquidated in the past 24 hours, causing around $1.71 billion in total losses. Most of the damage came from long positions, with $574 million wiped out in just four hours as Bitcoin and other cryptocurrencies dropped sharply.
The liquidation wave also hit crypto derivatives markets hard. Open interest across cryptocurrencies fell by $3.34 billion, or 5.18%, in a short period, leaving total open interest at around $55.60 billion.
The sharp decline shows how quickly leverage was removed from the market.
Over the past four days, more than $4.5 billion in long positions have been liquidated across crypto, making it the seventh largest liquidation event in crypto history.
Bitcoin, ETH and XRP See Sharp DropsAt first, Bitcoin’s rally from $63,600 to $79,500 triggered around $2.7 billion in short liquidations. However, the trend reversed on August 22, putting heavily leveraged long positions under pressure.
Bitcoin fell to around $76,500 within six minutes, while long positions worth about $257.77 million were liquidated.
Ethereum also faced heavy selling, recording around $293.34 million in liquidations as its price dropped to about $2,426.
XRP saw the sharpest price decline among the three, falling about 12% from $1.70 to $1.51. The move led to around $121.71 million in XRP liquidations.
Altcoins Lose $53 Billion in MinutesIt’s not just Bitcoin or Ethereum, altcoins also saw massive liquidations. The TOTAL3 market cap, which tracks crypto excluding Bitcoin and Ethereum, fell from $784 billion to $731 billion in a single candle.
That means around $53 billion was wiped out in just minutes, a decline of about 6.7%. Bitcoin, meanwhile, fell roughly 2.5% during the same move.
$70,500 Becomes Bitcoin’s Key SupportDespite the recent drop, crypto analyst The Martini Guy believes Bitcoin’s overall uptrend is still intact. He pointed to $70,500 as the key support level after BTC moved from weeks of trading near $65,000 to breaking above $67,200 and then $70,500.
Bitcoin has pulled back slightly after breaking through $78K, but the bigger picture remains very strong.
We spent weeks trading between $63K and $65K.
Then $67.2K broke.
Then $70.5K broke.
Now we're sitting around $77.5K.
The level I'm watching most closely now is $70,500.… pic.twitter.com/169FraFB2Q
— That Martini Guy ₿ (@MartiniGuyYT) August 22, 2026 Bitcoin’s recent high near $78,800 is now the main resistance level. If BTC stays above $70,500, the analyst believes the broader recovery could continue despite the recent market liquidations.
However, losing this support could weaken the current bullish setup and increase the risk of another decline.
Story Ends Here
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Coinbase founder Jesse Pollak responded to criticism that Coinbase sells Ethereum (ETH), saying that the company’s contributions to the Ethereum ecosystem are being overlooked.
Pollak stated in a social media post that Coinbase is by far one of the largest institutional ETH holders, excluding digital asset treasury companies known as “DATs.” He also claimed that Coinbase has become one of Ethereum’s largest customers through the Base network, and that the company has made significant contributions to many developments in the EVM and Ethereum roadmap.
Pollak stated that Coinbase introduced millions of users to the Ethereum ecosystem through Base, adding, “I can’t understand why Coinbase is being attacked for selling ETH.” The Base founder also said that Coinbase held approximately 150,000 ETH over the years, during many market ups and downs.
The statements came after chaskin.eth, a member of the Ethereum Foundation, argued in a post that much of the community backlash against Coinbase was misdirected. chaskin.eth pointed out that Coinbase and its affiliated teams contribute to various projects that play a significant role in the Ethereum ecosystem, including Base itself, USDC, cbBTC, EIP-4844, ERC-4337-based smart wallets, and x402.
Pollak, meanwhile, urged the Ethereum community to refrain from constantly criticizing the protocol and the companies using its ecosystem. Arguing that a hostile approach towards customers would harm the ecosystem in the long run, Pollak stated that he loves Ethereum and is happy with past collaborations, but the current approach has become “absurd.”
According to Pollak, for the Ethereum ecosystem to grow, companies that use the protocol and develop products on top of it need to be supported, not excluded. He also stated that the continued criticism of the Coinbase sale could lead to large institutional users distancing themselves from the Ethereum community.
*This is not investment advice.
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TLDR: Jiang Zhuoer says he is 90% confident the crypto bear market has ended after Bitcoin neared $79,500. He bought ETH near $2,100 after selling at 1,738-1,931, then sold half his spot position near $2,525. Jiang keeps 20%-30% of planned capital undeployed, with an ETH buy possible if BTC falls to 67,000-72,000. U.S. spot Bitcoin ETFs drew about $1.6 billion through Thursday, including $606.3 million in Thursday inflows. Chinese mining veteran Jiang Zhuoer has abandoned his bearish call of 2026 after the market’s latest rebound undermined his forecast. The BTC.TOP founder now says he is about 90% confident the bear market has ended, while viewing Ethereum as a relative outperformer.
The reversal followed trades reflecting his bearish thesis breakdown. He previously sold ETH between $1,738 and $1,931, then bought back near $2,100 after deciding his view was failing.
Jiang Zhuoer Reverses Bearish Bitcoin Call as ETH Strengthens In late June, Jiang forecast that Bitcoin could fall toward $42,000 to $44,000 during the fourth quarter. His projection partly relied on Strategy’s depressed market-to-Bitcoin valuation and historical cycle timing.
That scenario weakened sharply when the cryptocurrency surged toward 79,500 on August 21. Ether also recovered into the mid-2,000 range, reducing his conviction that major downside remained. His repositioning did not end with the buyback.
He later sold half of his spot Ether near $2,525 and referenced a stop around $2,550. The sequence showed that his change in outlook was accompanied by position management. Rather than holding to the previous cycle call, he adjusted exposure as prices challenged it.
Wu Blockchain’s translation said Jiang still has about 20% to 30% of his intended capital undeployed. He plans another ETH purchase if the flagship cryptocurrency retreats into the $67,000 to $72,000 range.
One of China’s Most Well-Known Miners Jiang Zhuoer: I’ll Use All Remaining Funds to Buy ETH
Jiang Zhuoer, founder of BTC .TOP, said his previous bearish market view was way off and that he is now 90% confident the bear market has ended, with ETH likely to outperform BTC in this… pic.twitter.com/QRkQVCqxrz
— Wu Blockchain (@WuBlockchain) August 22, 2026
If that decline does not occur, the report said Jiang intends to deploy the remaining funds by late October. However, Odaily described the reserve-capital plan as a purchase of the leading cryptocurrency instead. While the translation creates uncertainty over the intended asset, it does not alter the broader shift from Jiang’s earlier bearish outlook.
ETH Outperformance and ETF Inflows Support Market Rebound That change in outlook has also placed Ethereum at the center of Jiang’s revised positioning, particularly after ETH outperformed the market leader during the latest rebound. Bernstein analysts linked Ether’s relative strength to growing activity around stablecoins, tokenization, and real-world assets.
At the same time, the broader recovery received support from spot demand rather than relying solely on forced liquidations. U.S. spot Bitcoin ETFs attracted about $1.6 billion through Thursday, including $606.3 million on Thursday alone.
Improving liquidity conditions also provided a supportive backdrop. Expanded U.S. Treasury buybacks of longer-dated debt coincided with fresh crypto-policy developments as digital assets accelerated from recent lows.
However, leverage remained an important driver of the initial breakout. More than $2.75 billion in short positions tied to the market leader were liquidated on August 19.
Those liquidations helped accelerate the move above $70,000, showing that forced short covering contributed significantly to the rebound. Even so, substantial ETF inflows during the same week pointed to additional spot-market demand.
Against that backdrop, Jiang’s reversal shows how quickly a fixed cycle forecast can weaken when market structure changes. His stated 90% confidence, however, remains a personal assessment rather than an independently verified probability.
His trading response also emphasized execution over certainty. Jiang reduced exposure, bought back after reassessing market conditions, and kept part of his capital available for another entry.
For traders, the clearest confirmation would come from sustained ETH relative strength, durable spot demand, continued ETF inflows, and liquidity remaining firm after short-covering pressure fades.
Ethereum [ETH] reclaimed $2,500 after several days of aggressive bullish momentum, strengthening its short-term market structure.
On the 21st of August, the daily candle closed above this key supply zone. That move turned former resistance into an important level for buyers to defend.
Meanwhile, stronger U.S. demand, rising Fund Holdings, and lower system-wide leverage supported the breakout.
Can these conditions carry Ethereum toward the next psychological level at $3,000?
Can Ethereum hold $2,500? Ethereum’s latest advance pushed its price above $2,500 and all key Exponential Moving Averages. The daily close showed that buyers had absorbed a major layer of overhead selling pressure.
Source: TradingView Holding $2,500 could strengthen Ethereum’s bullish structure and establish a foundation for further gains. However, the breakout needs demand beyond price momentum alone.
What is driving Ethereum demand? Ethereum’s Coinbase Premium Index surged 60%, indicating stronger U.S. buying relative to other markets.
Source: CryptoQuant Continued Premium Index growth could confirm that Spot demand supported the rally.
On top of that, Fund Holdings reached a weekly high of 5.8 million ETH. That balance was worth approximately $14.5 billion near the altcoin’s $2,500 price.
Source: CryptoQuant Meanwhile, the MVRV Z-Score stood at -1.012, leaving Ethereum below historically overheated valuation levels. Together, these readings suggested that the rally had institutional demand without an extreme valuation.
Source: Santiment Is leverage strengthening Ethereum? Ethereum’s Funding Rate climbed 19% over 24 hours, reflecting stronger demand for leveraged Long Positions. However, the Estimated Leverage Ratio fell to a monthly low of 0.73.
Source: CryptoQuant The decline could reflect position closures, increased collateral, or both. It followed a Short Squeeze near $2,200, which liquidated approximately 276,000 ETH worth $673 million.
Source: CryptoQuant That unwind may have cleared considerable bearish exposure without leaving the broader market excessively leveraged.
Can Ethereum reach $3,000? Ethereum’s breakout combined stronger U.S. demand, elevated Fund Holdings, and lower system-wide leverage.
If buyers defend $2,500, the altcoin could target the next resistance near $3,000. However, a daily close below $2,500 could invalidate the breakout and extend consolidation.
The rally has claimed $2,500. Turning that victory into support will decide whether $3,000 is in reach.
Final Summary Ethereum reclaimed $2,500 and closed above its key Exponential Moving Averages. Approximately 276,000 ETH worth $673 million was cleared through Short Liquidations.
22 August 2026 | 16:02 Ethereum’s flash push above $2,500 ran out of steam, dragging the asset back below the crucial $2,465 handle, though it still retains a 30% weekly gain, according to CoinMarketCap data.
With spot demand wrestling against heavy derivatives exposure, the next directional cue depends entirely on whether bulls can recapture that old ceiling.
Make no mistake, this price action goes far deeper than a simple technical rejection. U.S. spot ETF absorption and surging on-chain velocity are clashing with bloated futures leverage, setting up an explosive environment if $2,465 fails to hold.
Ethereum price chart – Source: TradingView What sits behind ETH at $2,430 $692.6M: Net inflows into U.S. spot Ether ETFs over five consecutive trading sessions. +61.25%: Weekly expansion in Ethereum DEX volume. $80.22B: Total ETH futures turnover recorded over a 24-hour window. $6.32B: Corresponding ETH spot market turnover over the same period. $2,465: The former resistance ceiling ETH must now flip back into support. The breakout demands a reclaim On the Coinbase daily chart, ETH stretched as high as $2,530, cleanly clearing the $2,465 Fibonacci level (1.0). The failure to stick the landing left ETH slipping back to $2,430 by the time of writing.
That swift rejection puts a spotlight on $2,465. Closing a daily candle back above that threshold would signal genuine market acceptance at higher valuations; failing here locks it in as firm overhead resistance.
If sellers stay in control, downside tests wait at the 0.786 Fibonacci retracement near $2,270. A deeper flush exposes $2,100, followed by a heavier confluence zone around $2,000 and $1,986, where the 200-day moving average intersects the 0.5 Fibonacci marker.
ETF buyers showed up ahead of the test Farside Investors’ ETF tracking data reveals a healthy institutional appetite, logging five straight days of net inflows into U.S. spot Ether products from August 17 to August 21. Total absorption hit $692.6 million, capped by a massive $184 million single-day injection on August 21.
BlackRock’s ETHA drove the lions share, pulling in $536.8 million across the window. This steady cash accumulation separates the move from a transient retail squeeze, proving real capital is entering regulated investment vehicles.
To be clear, spot inflows don’t dictate every intraday price swing or guarantee $2,465 will hold. But they confirm the breakout attempt was backed by authentic capital rather than pure perpetual swap leverage.
Derivatives are still out-muscling spot The derivatives complex remains the primary source of market friction. CoinGlass figures show ETH futures turnover reached a staggering $80.22 billion over 24 hours, dwarfing the $6.32 billion spot volume by a factor of roughly 12.7.
With open interest hovering at $31.80 billion alongside $286.75 million in daily liquidations, the market is primed for violent moves in either direction. Ideally, ETH will reclaim $2,465 while open interest stabilizes rather than compounding. Traders tracking risk exposure can monitor CoinGlass’s ETH funding-rate metrics for signs of overheating.
On-chain activity climbs, but stablecoin liquidity flatlines Fundamental network activity paints a constructive picture. According to DefiLlama, weekly Ethereum DEX volume surged 61.25% to $8.28 billion, while on-chain perpetual volume climbed 53.51% to $10.38 billion.
Yet a closer look at the data reveals a notable divergence: Ethereum’s stablecoin market capitalization barely budged over the same period, sitting flat at $147.05 billion (down 0.05%).
Higher token prices naturally inflate dollar-denominated DeFi TVL, but flat stablecoin supply signals that a massive wave of fresh fiat liquidity hasn’t actually washed onto the chain yet. Trading velocity is up; the underlying cash pool is staying steady.
The verdict rests below $2,500 Ethereum proved it has the firepower to breach $2,500, but sustainable rallies require more than a fleeting spike. The healthier path forward involves reclaiming $2,465, establishing a calm retest base, and letting derivatives leverage cool off while ETF bids continue.
If price breaks below $2,270 while open interest stays bloated, that $2,530 wick will look less like a breakout and more like a classic liquidity sweep that ran too far, too fast.
The underlying cash bid is real, underscored by strong ETF inflows and surging decentralized exchange volume. Now, the chart has to prove whether that momentum can turn $2,465 into a permanent floor.
Methodology: Price structure, Fibonacci levels, moving averages, volume and RSI are taken from the Coinbase ETH/USD daily chart created on August 22, 2026, at 12:46 UTC. ETF-flow, derivatives and on-chain metrics were reviewed on August 22, 2026 and change continuously. The article is provided for informational purposes only and does not constitute 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.
Coinbase rarely gets the benefit of the doubt in Ethereum circles, and the latest accusation that the exchange is quietly selling ether has turned into a larger argument about whether one of the network’s biggest commercial players is also one of its most committed holders. Base creator Jesse Pollak pushed back sharply, treating the claim less as an on-chain observation than as a misread of Coinbase’s economic position.
According to the original report, Pollak said Coinbase is the largest non-DAT holder of ETH “by an order of magnitude,” one of Ethereum’s biggest customers through Base, and a major contributor to EVM and Ethereum development. His response followed an Ethereum Foundation member’s post arguing that much of the community’s anger toward Coinbase is “badly misplaced.” Pollak also warned that “hating your customers” is a good way to make them no longer want to be customers.
A fight about selling becomes a fight about loyalty The accusation itself is straightforward: some parts of Ethereum’s community have accused Coinbase of selling ETH, presumably at times when large exchange-linked wallets move funds. The response from Pollak pivots away from transaction-level evidence and toward position-level context. Owning more ether than any non-DAT holder by an order of magnitude does not automatically disprove selling, but it does change the stakes.
A company sitting on that much ETH has strong reasons not to undermine the asset’s market. Base alone gives Coinbase a structural incentive to keep Ethereum blockspace valuable, since Base users generate demand for ether as gas. If Ethereum becomes cheaper or less relevant, the Layer 2 business loses part of its economic case. That does not mean Coinbase will never manage its balance sheet, but it makes the “selling ETH” story less simple than it looks.
The Base factor Pollak’s defense leans heavily on the ecosystem infrastructure Coinbase has built. The list cited in the source includes Base, USDC, cbBTC, EIP-4844, ERC-4337 smart wallets, and x402. That is not a peripheral set of contributions. EIP-4844, for example,
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“Squad” member Rep. Rashida Tlaib has voted against major crypto legislation in Congress but doesn’t mind holding digital currencies Bitcoin and Ethereum in her $1.2 million retirement account, according to her latest financial disclosure.
The Michigan Democrat’s Charles Schwab retirement account includes up to $15,000 in the Grayscale Ethereum Staking Mini ETF and another $15,000 in an iShares Bitcoin ETF — among 41 separate holdings, the disclosure filed this month showed.
The Democratic Socialists of America member’s ownership stake comes as digital currencies are preparing to get a legislative push this fall — and despite Tlaib voting against the pro-crypto CLARITY Act along with her vote for a resolution to ban “crypto corruption.”
Rep. Rashida Tlaib, D-Mich., has holdings in Bitcoin and Ethereum, her latest financial disclosure reveals. ZUMAPRESS.com Digital assets rallied this week with Bitcoin jumping to $71,000 as President Trump pushed for Senate action on the Digital Asset Market Clarity Act, which brings crypto under commodities regulations.
The Senate is set to vote on it in September when lawmakers come back from recess.
Even if the push stalls, Commodity Futures Trading Commission Chair Michael Selig said Thursday his agency is ready to “codify” a regulated market structure for crypto “using the agency’s existing authorities.”
Tlaib’s holdings are piled in a traditional IRA, a Roth IRA, and a pair of college savings accounts — as lawmakers must disclose assets only in broad ranges.
Representative Rashida Tlaib, a Democrat from Michigan, is a member of the left wing “squad” who recently campaigned with Florida nominee for Senate Angie Nixon. Bloomberg via Getty Images Tlaib, who stumped Florida Senate primary winner and DSA convert Angie Nixon at a “Chomp the Oligarchy” event his month, also holds mortgages of up to $750,000 and a Detroit rental property worth up to $250,000.
Her other investments include international funds focused on Europe and Asia, international bond funds and a fund designed to hedge against exposure to the US dollar.
Representative Rashida Tlaib, the Michigan Democrat and “Squad” member who has repeatedly voted against crypto-friendly legislation, holds shares in a Grayscale Ethereum Staking Mini ETF inside her Schwab Roth IRA. The disclosure, tracked by congressional finance aggregator Quiver Quant, is the kind of contradiction that writes its own punchline.
Tlaib co-sponsored the STABLE Act in 2020, a bill designed to impose strict regulations on stablecoin issuers. She has consistently positioned herself as a skeptic of the digital asset industry’s influence on financial stability.
What the filings actually show According to the disclosure data compiled by Quiver Quant, Tlaib’s total estimated net worth sits at roughly $852K. Of that, approximately $226K is allocated across IRA holdings, a mix of cash equivalents and fund positions housed in her Schwab Roth IRA.
The crypto exposure comes entirely through the Grayscale Ethereum Staking Mini ETF. There are no direct holdings in Bitcoin or Ethereum tokens in the filings. No self-custodied wallets, no Coinbase account disclosures, no meme coins. Just a single ETF position tucked inside a retirement vehicle.
Her 2023 financial disclosure, by comparison, showed a portfolio of traditional mutual funds and 529 education savings plans with no prior public ETF exposure noted. The Grayscale position represents a noticeable shift in her investment approach.
The legislative record Tlaib’s voting history on crypto has been consistently skeptical. The STABLE Act, which she co-sponsored alongside Representatives Jesus Garcia and Stephen Lynch, would have required stablecoin issuers to obtain bank charters and FDIC approval before issuing tokens. The bill never advanced out of committee.
She has also aligned with progressive colleagues who have raised concerns about crypto’s environmental footprint, consumer protection gaps, and the potential for digital currencies to facilitate illicit finance. In floor votes and committee proceedings, Tlaib has generally sided against legislation that would ease regulatory burdens on the crypto industry.
A broader pattern in Congress Tlaib is far from the only member of Congress with crypto exposure. Disclosure trackers have documented a growing number of lawmakers on both sides of the aisle holding digital asset ETFs, Coinbase stock, and in some cases direct token positions. The normalization of crypto investment products, particularly spot Bitcoin and Ethereum ETFs approved by the SEC, has made it significantly easier for traditional investors, including politicians, to gain exposure through familiar brokerage platforms.
In 2020, gaining Ethereum exposure through a retirement account required jumping through hoops involving self-directed IRAs and alternative custodians. Today, it’s a ticker symbol in a Schwab account.
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