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GnosisDAO approved a strategic shift from standalone Layer 1 to an Ethereum-settled rollup, unlocking about 350,000 GNO and ending treasury-funded staking rewards.
Gnosis Chain is transitioning from a standalone Layer 1 to an Ethereum-settled rollup and retiring its independent validator set, according to an announcement from Gnosis Chain and a proposal published on GnosisDAO's governance forum.
For GNO stakers, the approved direction would unlock roughly 350,000 GNO when the validator set is sunset and end the treasury-funded staking subsidy. For users and developers, xDAI would remain the gas token, while addresses, balances and contract state would continue without migration to a new chain.
The proposal's main technical promise is atomic access from Gnosis to Ethereum contracts and liquidity. But that synchronous composability will be one-directional at launch, with calls from Ethereum into Gnosis and broader cross-instance composability deferred to later development.
The change would make Gnosis Chain a Gnosis-operated instance of the Ethereum Economic Zone framework. The proposal says the network would produce blocks every two seconds, prove its state every Ethereum block and settle to Ethereum Layer 1.
The vote approved a strategic direction rather than a final technical design and requested no funding. Gnosis Ltd will initially operate a centralized composer that orders transactions, builds blocks and submits them for proving and settlement.
Proof-of-Stake Chain With Large Validator SetGnosis Chain began as xDai, a stablecoin-denominated Ethereum sidechain that GnosisDAO absorbed in a November 2021 merger, and switched to proof-of-stake in December 2022 in an upgrade modeled on Ethereum's Merge, with a deposit of one GNO per validator against Ethereum's 32 ETH.
The low threshold produced one of the largest validator sets in crypto, above 100,000 at the time of the merge, but not the fee revenue to pay for it. GIP-153 says fees cover "only a small fraction of even the minimal cost of security," leaving the DAO treasury to fund the rest through GNO issuance that dilutes non-stakers by about 2.3% a year, against sub-1% on Ethereum. The chain holds about $96.4 million in total value locked, according to DefiLlama.
The validator set was already contracting before the vote. GnosisDAO's July community summary put active validators at roughly 52,000, down from about 76,000 a month earlier, with approximately 295,000 GNO staked. GnosisDAO also cut Gnosis Ltd's annual funding to $15 million from a $30 million request in GIP-154, and in May approved a one-time, pro-rata treasury redemption in GIP-151 after tokenholders spent months arguing GNO traded below the DAO's net asset value.
Validator Security Gives Way to Ethereum SettlementGIP-153 says Ethereum validators will replace Gnosis Chain's validator set as the source of settlement security. Existing bridge validators are intended to move into a new role operating the instance's proof systems.
The proposal explicitly describes becoming less decentralized as a deliberate choice. It says a misbehaving composer would be able to delay or exclude transactions, although it could not forge state or reverse finalized history. A forced-inclusion route through Ethereum is listed as an option to evaluate later, not a launch feature.
The end of staking also leaves GNO's replacement economic role unfinished. The proposal intends to connect GNO to fee revenue from network activity, but does not select a mechanism. Fee sharing and buybacks are listed as possibilities for a later GIP after prover economics can be observed in production.
Full Composability Is a Later StepGnosis Chain said the transition would deliver “synchronous composability with mainnet,” something it said no existing Layer 2 offers. GIP-153 defines the initial capability more narrowly: a contract on Gnosis could call an Ethereum contract and use the result in the same atomic transaction, with the entire operation succeeding or reverting together.
At launch, composability would only run from Gnosis to Ethereum. An intents-based bridge is intended to cover the period before bidirectional and cross-instance calls become available.
The initial version would also use an interim proving setup, likely based on trusted execution environments, before moving to real-time zero-knowledge proving. The proposal targets the first Ethereum Economic Zone block for December 2026 or January 2027, with bidirectional composability and real-time proving expected during 2027.
Gnosis Chain is abandoning life as an independent Layer 1 blockchain. The network is converting into a zero-knowledge rollup settled on Ethereum, effectively handing its security responsibilities to Ethereum’s validator set and retiring its own consensus infrastructure in the process.
The decision, formalized through Gnosis Improvement Proposal 153, passed its Snapshot vote with 99.78% support and quorum met.
What’s actually changing Gnosis Chain currently operates its own Proof-of-Stake consensus layer, a validator set that grew to more than 100,000 nodes after the network’s PoS transition in December 2022. Under the new architecture, all of that infrastructure gets retired. Block production and sequencing shift to Ethereum validators, while Gnosis maintains its own execution environment.
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The practical details should feel familiar to anyone who’s used the chain. xDAI remains the gas token. Chain state and addresses carry over. EVM compatibility stays intact.
GIP-153 was proposed on July 22, 2026, with voting running from August 12 through August 19. The phased implementation is expected to begin late in 2026.
The 350,000 GNO unlock For GNO holders, the most immediate consequence is a significant token unlock. Approximately 350,000 GNO tokens are currently locked in the validator system, representing roughly 27% of the circulating supply. Once the independent validator set is retired, those tokens become available to stakers.
From sidechain to L1 to rollup Gnosis Chain’s identity has always been a bit fluid. It started life as the xDai Chain, a stablecoin-focused sidechain designed for cheap, fast payments denominated in DAI. Over time it evolved into a community-governed EVM Layer 1 with its own validator set and a broader ambition beyond simple payments.
Now it’s evolving again, this time into what it describes as a ZK rollup within the Ethereum Economic Zone. The EEZ concept represents an emerging framework for chains that want to maintain operational independence while settling on Ethereum and inheriting its security guarantees.
What this means for the rollup landscape The Gnosis transition represents something different from a new rollup launching from scratch. This is an established chain with existing users, applications, and liquidity deliberately choosing to collapse its security layer into Ethereum’s.
The synchronous composability angle also matters. As a rollup settled on Ethereum, Gnosis applications could potentially interact with Ethereum mainnet contracts more seamlessly than they can today.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Interstice Digital has launched a non-custodial cross-chain swap engine with FalconX that connects the Canton Network with Ethereum, Solana, and Robinhood Chain while using FalconX to supply liquidity.
Summary
Interstice Digital has launched a non-custodial swap engine connecting Canton with Ethereum, Solana and Robinhood Chain. FalconX is providing liquidity for cross-chain swaps without Interstice taking custody of user assets. The engine gives users a route between tokenized assets on Canton and liquidity across major public blockchains. Canton is already being used for tokenized Treasuries, stablecoin settlement and institutional collateral transactions. Interstice Digital said in an Aug. 18 announcement that the engine lets users swap assets across the four networks without the company taking custody of funds or executing transactions on their behalf. The company also said the product has been named a Featured App on Canton.
The system is designed to give users a route between tokenized assets issued or traded through Canton and liquidity available on public blockchain networks. FalconX, which provides digital asset prime brokerage services to institutional investors, is supplying liquidity for the engine.
Interstice Digital links Canton with three public-chain markets Under the new setup, Interstice is connecting Canton’s institution-focused infrastructure with Ethereum, Solana and Robinhood Chain, three networks that provide access to different parts of the digital asset market.
Interstice described Canton as a public, permissionless blockchain built for capital markets, with privacy and permissioning controls intended for regulated transactions. The network is used by financial institutions working with tokenized securities, collateral, and blockchain-based settlement.
For the public-chain side of the connection, Interstice cited the scale of the networks involved. The company said Robinhood has 28 million funded accounts and $369 billion in total platform assets, while Robinhood Chain reached 100 million transactions faster than any other EVM network.
Solana recorded 167 million monthly active addresses in April 2026 and handled $650 billion of stablecoin transaction volume in February, according to figures cited by Interstice. The company described Ethereum as the industry’s deepest developer ecosystem and noted that Robinhood Chain uses Ethereum technology as its base.
“We built the cross-chain swap engine to help connect Solana, Ethereum, and Robinhood Chain to the growing Canton ecosystem where over $9T in tokenized RWA flow monthly,” Interstice Digital CEO Janine Yorio said.
Interstice did not disclose which assets are supported at launch or provide transaction-volume figures for the engine. The company is a wholly owned subsidiary of Everyrealm and is backed by investors including a16z Crypto, Coinbase Ventures, Galaxy and Brevan Howard.
FalconX supplies liquidity without Interstice holding user assets FalconX’s role centers on liquidity for swaps routed through the engine. Interstice said its non-custodial structure means it does not hold customer assets or act as the party executing transactions for users.
FalconX Head of Trading Strategy Hassan Bassiri said institutional demand for digital assets is increasing and argued that firms will need infrastructure capable of moving capital between different ecosystems.
“The cross-chain swap engine we’ve developed with Interstice Digital is exactly the kind of infrastructure this market needs,” Bassiri said, after describing cross-ecosystem capital movement as an important requirement for institutional firms.
Canton is also being used for live and trial transactions involving government securities, stablecoins and institutional collateral.
Earlier in August, four Mitsubishi UFJ Financial Group companies launched a proof of concept to test Japanese government bond repo transactions on Canton, as crypto.news reported on Aug. 13. MUFG, Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ Trust and Banking and MUFG Bank are working with Digital Asset and Progmat on the project.
The participants plan to test automated processing and real-time settlement available around the clock. The trial forms part of Japan’s Financial Services Agency-backed Payment Innovation Project and includes work on whether blockchain infrastructure can improve funding and capital use in repo markets.
An earlier Japanese trial involving Japan Securities Clearing Corporation, Mizuho Financial Group, Nomura Holdings and Digital Asset tested whether rights linked to Japanese government bonds and updates to book-entry records could be handled through Canton while remaining within Japan’s existing legal framework.
Canton has expanded tokenized settlement activity Canton has also been used in transactions involving tokenized U.S. government securities. In July, Tradeweb said it executed an onchain U.S. Treasury trade in which Franklin Templeton transferred a tokenized Treasury security to Virtu Financial in exchange for tokenized cash.
Tradeweb provided execution and price discovery, while Canton synchronized settlement between the two assets in real time, according to the companies involved. Tradeweb described the transaction as the first real-time purchase and sale of a tokenized U.S. Treasury settled against USDCx, a USDC-backed stablecoin issued on Canton.
Societe Generale, Digital Asset and Blockdaemon also participated in the transaction. Societe Generale has separately deployed euro- and dollar-denominated stablecoins on Canton for uses including tokenized collateral, repo financing and institutional settlement.
Payment companies are testing the network as well. Visa tested private stablecoin settlement using Brale’s SBC token on Canton in June and has since included Canton among the blockchains supported by its stablecoin settlement program. A July report on Visa’s program said the settlement pilot supported nine blockchains and had reached a $7 billion annualized run rate by March.
Visa joined Canton as a Super Validator in March before adding the network to its stablecoin settlement work. The company received approval for its validator application that month and later added Canton to its stablecoin settlement pilot.
Digital Asset has raised capital for Canton expansion Institutional funding has accompanied the increase in activity around the network. Digital Asset, the company behind Canton, raised $355 million in June in a round led by Andreessen Horowitz’s a16z crypto fund.
A16z crypto contributed $100 million to the round, while other participants included Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, HSBC, Optiver and the Abu Dhabi Investment Authority. Digital Asset said the capital would support partnerships, acquisitions and expansion of the Canton ecosystem.
The funding followed a $135 million strategic round involving Goldman Sachs, Citadel Securities, DTCC, BNP Paribas and Tradeweb Markets. Digital Asset has positioned Canton for financial applications that require transaction privacy while allowing different institutions and applications to coordinate settlement.
Canton’s use in government-bond markets has continued in Asia. The MUFG repo proof of concept is examining Japanese government bonds in short-term financing transactions, while a separate Progmat working group has been studying tokenized JGBs, stablecoin settlement, T+0 processing and 24-hour access.
S&P Dow Jones Indices and Kaiko have also placed the iBoxx U.S. Treasuries index on Canton through smart-contract infrastructure, according to the Aug. 13 MUFG report. The index project sits alongside other Canton-based work involving tokenized Treasury products and institutional collateral.
Interstice and FalconX Build a Bridge for Institutional AssetsInterstice Digital has launched a Cross-Chain Swap Engine in partnership with FalconX,
Why Canton and Why Now
The launch reflects a broader challenge facing the tokenized asset market. Yet fragmentation is already creating measurable inefficiency: The Interstice system is aimed at bridging Canton's institutional capital markets infrastructure with some of the largest pools of retail and digital asset liquidity, while giving users a way to move assets across ecosystems without relying on a custodial intermediary.
Sources:
CoinTelegraph: FalconX, Interstice Connect Canton to Ethereum, Solana and Robinhood Chain
Crypto Briefing: FalconX and Interstice connect Canton Network to Ethereum, Solana, and Robinhood Chain
RWA(.)io: State of RWA Tokenization 2026
Maya Protocol has undergone a halt after an attacker exploited 6 chained bugs to drain roughly $1.7 million from the decentralized liquidity protocol.
The pseudonymous co-founder, Aaluxx, disclosed the losses. Native token CACAO collapsed by 88% as the attacker converted the stolen supply into Bitcoin (BTC), Ethereum (ETH), and other assets across all Maya liquidity pools.
Maya Protocol Loses $1.7 Million in Latest HackThe attack involved a single transaction that bundled 23 separate instructions. This structure tricked the network into thinking a theft had occurred.
The protocol then tried to compensate for the pool it believed had been robbed. However, the payout had no upper limit, so the system credited about 49 million CACAO to a pool that held almost nothing.
The credit was never funded. Maya’s reserve held only 168,000 CACAO, so the transfer failed, leaving the inflated balance on the books.
The attacker deposited 100 CACAO into that pool, claimed 99.93% ownership, and withdrew 48.87 million CACAO. That is nearly half the token’s 100 million supply.
CACAO fell from $0.115 to $0.013 before recovering to around $0.032. The attacker sent 20.83 BTC, worth roughly $1.34 million, to a single Bitcoin address across about 10 blocks.
Founder Aaluxx Myth announced a global halt in the project on Discord and asked the attacker to return the funds.
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DeFi Hacks Keep Stacking Up in 2026DefiLlama has logged 219 hacks worth $1.26 billion so far in 2026. All of 2025 produced 146 incidents, even though the dollar total reached $2.71 billion.
August alone has produced 16 separate incidents. THORChain, the protocol Maya forked from, lost $10.7 million in May.
Recovery now depends on whether the attacker accepts the bounty offer. Aaluxx Myth also said the team will contact the arbitrage traders who absorbed the pool value.
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Binance published its 45th Proof of Reserves report using user balances recorded on Aug. 1, 2026. The snapshot showed customer Bitcoin holdings rising for another month, while Ethereum and Tether balances declined.
Summary
Binance users held approximately 657,000 BTC on August 1, increasing balances by 16,349 BTC monthly. User Ethereum balances fell 2.57% to approximately 3.98 million ETH in Binance’s latest reserve snapshot. USDT holdings declined by roughly 870 million tokens, reaching approximately 32.9 billion USDT across accounts. Binance reported 100.25% reserve ratios for both Bitcoin and Ethereum at the snapshot time, respectively. Proof of reserves verifies point-in-time backing but cannot replace a complete independent financial audit process. Users held approximately 657,000 BTC, up 2.55% from the July 1 snapshot. The increase amounted to 16,349 BTC, according to figures published through Binance’s reserve dashboard.
Ethereum balances moved in the opposite direction. Users held about 3.98 million ETH, down 2.57%, or 105,154 ETH. USDT balances also fell 2.57% to approximately 32.9 billion tokens, a decline of roughly 870 million USDT.
Binance released its 45th Proof of Reserves report, based on an August 1 snapshot. User BTC holdings stood at approximately 657,000 BTC, up 2.55% from the previous snapshot on July 1, an increase of 16,349 BTC. User ETH holdings stood at approximately 3.98 million ETH, down… pic.twitter.com/2G4GDZ77Hd
— Wu Blockchain (@WuBlockchain) August 19, 2026 Binance user Bitcoin balances rose for a third month The August snapshot continued a recent increase in customer Bitcoin balances. Binance users added 25,838 BTC during May and another 7,715 BTC during June.
As crypto.news previously reported, customer Bitcoin holdings had already increased in July even as ETH and USDT moved lower. The latest 16,349 BTC increase was more than twice the amount added during the previous reporting period.
The three monthly reports show users adding nearly 50,000 BTC between the May and August snapshots. However, that change does not establish that customers bought the same amount through Binance’s markets.
Reserve balances can rise through deposits from other exchanges, transfers from private wallets, purchases or movements between Binance products. The report does not separate those activities or identify the reasons behind individual balance changes.
Ethereum and USDT holdings extended their declines Ethereum balances fell for a second consecutive snapshot after rising sharply in the June report. Users held approximately 4.14 million ETH on June 1 before the total declined to around 4.08 million ETH in July and 3.98 million ETH in August.
The latest decrease of 105,154 ETH was larger than the 58,591 ETH reduction recorded one month earlier. The figures could reflect withdrawals, sales, transfers to staking services or movements into other assets. Binance’s snapshot does not determine which explanation applies.
USDT balances followed a similar pattern. Customer holdings stood near 34.3 billion USDT in June and about 33.7 billion USDT in July. The latest report placed the total near 32.9 billion USDT.
That represents three consecutive monthly reports showing lower USDT balances. Still, the decline does not prove that users converted stablecoins into Bitcoin. Funds could have moved into other stablecoins, external wallets or different trading venues.
A comparable balance pattern has appeared elsewhere. In related coverage, Bybit and OKX reported rising Bitcoin balances alongside lower USDT holdings in their recent snapshots.
Binance reports reserves above customer liabilities Binance reported reserve ratios of 100.25% for both BTC and ETH. A 100.25% ratio means the exchange reported holding approximately 1.0025 units in its reserve wallets for every unit attributed to users at the snapshot time.
USDT had a higher reported ratio of 103.62%. That ratio would place Binance’s corresponding USDT assets above the 32.9 billion tokens assigned to customers.
Binance says its Proof of Reserves system covers user assets on a 1:1 basis, with additional reserves. It uses Merkle trees and zero-knowledge proofs so customers can verify that their account balances were included without viewing other users’ information.
Customers can download the relevant verification data and compare their records with the published Merkle root. Binance also publishes wallet addresses associated with the assets included in its system.
No distinct BTC, ETH or USDT market movement could be reliably attributed to the reserve publication. The report measures customer and exchange balances rather than trading performance or directional demand.
Proof of reserves remains a limited snapshot Proof of reserves helps determine whether disclosed on-chain assets cover the user liabilities included in a report. It does not provide a continuous record because asset and customer balances can change immediately after the snapshot.
It also does not independently assess every corporate liability, internal control, loan or off-chain obligation. The process therefore differs from a full financial audit covering an organization’s wider balance sheet and operations.
A crypto.news guide explaining how reserve verification works and where it falls short notes that useful disclosures should include assets, customer liabilities, frequent updates and user-verifiable evidence.
Binance has not announced a fixed date for its 46th report. Its recent monthly schedule suggests the next snapshot could use balances recorded around Sept. 1, although the exchange has not confirmed that timing.
The next publication will show whether customer BTC balances continued rising and whether the declines in ETH and USDT holdings persisted. Any interpretation should remain limited to reported account balances rather than assumed buying or withdrawal behavior.
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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Key Takeaways Ethereum is currently trading within a narrow band between $1,898 and $1,910 A major whale purchased and staked 10,657 ETH, worth approximately $20M Spot Ethereum ETFs in the US recorded $30.85M in net inflows this Monday Critical resistance level identified at $1,920, with potential upside to $2,000 upon breakthrough On-chain indicators reveal muted exchange activity and limited enthusiasm from US-based investors Ethereum continues to hover around the $1,900 mark as market participants await a definitive price signal. The digital asset has remained range-bound over recent days, with neither bulls nor bears demonstrating significant commitment to push the price decisively in either direction.
Ethereum (ETH) Price Currently, ETH is changing hands at $1,898.65, commanding a market capitalization of $229.15 billion alongside a 24-hour trading volume of $6.83 million.
Notable whale movements have emerged as a focal point. Blockchain tracking platform Lookonchain identified wallet address 0x8447 acquiring an additional 5,000 ETH—valued at roughly $9.53 million—subsequently moving the entire position into staking. This transaction elevates their cumulative holdings to 10,657 ETH, representing approximately $20.07 million in total value.
The decision to stake these assets indicates a conviction-based position rather than preparation for imminent liquidation. This behavior typically reflects confidence in medium-to-long-term appreciation rather than opportunistic short-term positioning.
Market commentator Michaël van de Poppe observed that Ethereum continues to trade within a well-established range, exhibiting diminished momentum compared to Bitcoin’s recent price action. According to his assessment, a meaningful shift in overall market sentiment would likely serve as the catalyst required to break the current consolidation pattern.
Cryptocurrency analyst CryptosBatman shared similar observations on X, noting that Ethereum has been “compressing more and more each day” and that favorable market conditions could rapidly initiate a substantial upward movement.
Time is ticking for $ETH.
Ethereum has been compressing more and more each day.
All it takes is a good sentiment in the market, and we should see a strong breakout. pic.twitter.com/Rm0ALrPLOG
— BATMAN ⚡ (@CryptosBatman) August 18, 2026
Spot ETF Activity Strengthens United States-based spot Ethereum exchange-traded funds attracted $30.85 million in net inflows on Monday, based on figures from SoSoValue. This marks a reversal from the previous week’s modest $2.26 million in net outflows. Prior to that temporary withdrawal, these investment vehicles had experienced five consecutive weeks of positive net flows.
Institutional participation appears to be gradually increasing, albeit at a more measured rate compared to activity levels observed earlier this year.
The ETH Coinbase Premium Index has maintained negative readings throughout most of the current year. This persistent discount indicates that demand from American retail traders and institutional buyers remains below full recovery levels.
Source: CryptoQuant Critical Price Levels in Focus Examining the daily timeframe, Ethereum maintains support above both its 20-day and 50-day exponential moving averages, positioned between $1,870 and $1,889. The 14-day Relative Strength Index currently registers at 57, indicating moderately bullish momentum without approaching overbought conditions.
The 100-day exponential moving average represents the immediate overhead resistance zone, with $1,961 serving as an additional barrier. Successfully clearing the $1,920 threshold could establish momentum toward the psychologically significant $2,000 level.
According to Coinglass data, ETH experienced $17.4 million in position liquidations during the past 24 hours, with long positions accounting for $9.2 million of that total.
Support on the downside can be found near $1,809, with a more substantial floor positioned around $1,507 should deeper retracement occur.
Recent blockchain analytics reveal that whale cohorts controlling between 10,000 and 100,000 ETH accumulated only modest volumes—approximately 10,000 ETH—throughout the past week, while exchange net flows have remained essentially flat.
Ethereum (ETH) continues to consolidate within a defined price range as investors assess market momentum, with growing whale activity and increased staking suggesting ongoing interest from long-term holders. At the current time, ETH trades at $1,898.65, recording a 24-hour trading volume of $6.83 million and a market capitalization of $229.15 billion.
Whale accumulation and staking signal investor confidenceBlockchain data reveals that notable wallets are accumulating significant amounts of ETH. Lookonchain data shows that a prominent whale, identified by the address 0x8447, recently purchased an additional 5,000 ETH, valued at approximately $9.53 million. The same wallet has now accumulated a total of 10,657 ETH, worth about $20.07 million, and locked the entire holding into Ethereum’s staking mechanism.
This move indicates a long-term strategy, as staking rewards offer further incentives beyond simple price speculation. Staking typically involves participants locking up their ETH to help secure the Ethereum network and validate transactions, earning periodic rewards in return.
Mini dictionary: Staking, a process where cryptocurrency holders lock up their assets on a blockchain to support network operations such as transaction validation, while earning rewards proportional to their contribution.
For large-scale holders, or ‘whales,’ staking provides an additional yield without selling their coins, reflecting a preference for long-term network participation instead of short-term profit taking.
Price structure and technical outlookCrypto analyst Michaël van de Poppe observed that ETH remains less volatile than Bitcoin’s recent moves, reflecting cautious sentiment. The price has not broken above critical resistance, with $1,920 seen as a key technical level for traders.
A sustained move above $1,920 could trigger renewed bullish sentiment and open the way to the psychologically significant $2,000 mark. However, analysts emphasize that strong follow-through buying volume is needed to confirm any breakout. If Ethereum fails to clear the resistance, it may remain range-bound in the short term.
Despite bullish signals and increased whale staking, ETH’s technical structure suggests further accumulation and volume rise are needed for a decisive move above resistance.
While the price has stabilized over the past 24 hours, the market awaits confirmation of a potential trend change, closely tied to liquidity conditions and broader crypto market movements.
Market conditions and outlookDespite the growing optimism from accumulation and staking activity, general market conditions remain cautious. Broadly, traders await a catalyst either in the form of a Bitcoin rally or improved liquidity that could boost ETH’s price.
A successful breakout above $1,920 could prompt a rapid move towards $2,000, but without sustained buying and improved sentiment, Ethereum might continue trading within its current range. Analysts continue to monitor the impact of whale purchases and staking trends, which could influence the next major price move if accompanied by increased trading volume.
ETH Price LevelStatusPotential Impact$1,920ResistanceBreakout may lead to bullish reversal$2,000Psychological milestoneCould further improve market sentimentAnalysts believe that whale accumulation and staking are key indicators to watch, as both could set the stage for a shift in Ethereum’s trajectory if supported by broader positive market dynamics.
If buyers surpass the resistance level and positive momentum continues, Ethereum could leave its current trading range behind and approach $2,000.
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 price today: $1,910Ethereum distribution across key wallet cohorts saw negligible changes even as exchange flows remain weak.ETH ETFs show signs of improvement, but overall US sentiment remains subdued.ETH is on the verge of breaking above the major 100-day EMA resistance.Ethereum (ETH) continued its consolidation pattern over the past week with several key on-chain and derivatives metrics indicating traders remain hesitant to return to the market.
The holdings across several wallet cohorts remained largely unchanged over the past week. Wallets holding 10K-100K ETH, also classified as whales, saw modest inflows of only 10K ETH. On the other hand, investors with a balance of 100-1K and 1K-10K ETH held steady with mild distributions of 50K ETH.
A similar move is evident in ETH exchange net flows, which measure the difference between coins flowing in and out of exchanges. After a slight rise earlier in the month, the metric posted a modest tilt below the zero line in the past week, indicating a lack of directional bias in the spot market.
ETH Exchange Net Flow. Source: CryptoQuantMeanwhile, US spot ETH exchange-traded funds (ETFs) continue to show improvements, bouncing back from a tiny $2.26 million outflow last week, with $30.85 million in net inflows on Monday, per SoSoValue data. Before last week's performance, the products recorded five straight weeks of net inflows.
The move shows institutions are gradually returning, but at a slower pace than the outflows seen in the first half of the year.
Still, the ETH Coinbase Premium Index, a measure of overall US sentiment, has hovered in negative territory for a majority of the year, suggesting US investors have yet to return. A move into positive territory may be needed for any sustained bullish move to materialize.
ETH Coinbase Premium Index. Source: CryptoQuantEthereum technical outlook: ETH on the verge of flipping 100-day EMA resistanceEthereum has seen $17.4 million in liquidations over the past 24 hours, led by $9.2 million in long liquidations, according to Coinglass data.
On the daily chart, ETH is maintaining a mildly bullish near-term bias as price holds above the 20- and 50-day Exponential Moving Averages (EMAs) clustered between roughly $1,889 and $1,870.
The 14-day Relative Strength Index (RSI) at 57 leans positive without signaling overbought conditions. At the same time, the Stochastic Oscillator (Stoch) near 73 suggests upside momentum is present but already stretching into moderately overbought territory, which could cap immediate follow-through if fresh buyers hesitate near nearby resistance.
On the topside, initial resistance is seen at the 100-day EMA followed by the horizontal barrier around $1,961. Further up is a higher structural cap near $2,172, with a more distant level at $2,431.
ETH/USDT daily chartOn the downside, the 20- and 50-day EMAs form immediate support, as ETH attempts to break above the tight EMA range. A deeper pullback would expose the next horizontal floors near $1,809 and $1,507.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Bitmine Immersion Technologies (NYSE: BMNR), chaired by Tom Lee, has expanded its Ethereum holdings to approximately 4.8% of the network’s circulating supply after another weekly purchase. The company reported acquiring an additional 9,926 ETH during the week ending around mid-August 2026.
This brought its total Ethereum position to roughly 5.815 million tokens.
Valued at about $1,893 to $1,904 per token at the time of the update, the stash was worth nearly $11 billion.
Relative to Ethereum’s circulating supply of around 120.7 million tokens, the position equates to 4.8%.
Bitmine has pursued a consistent accumulation approach since launching its Ethereum treasury strategy on June 30, 2025.
Over roughly 14 months of weekly purchases, it has advanced to 96% of its self-described “Alchemy of 5%” target—an ambition to control 5% of the total ETH supply.
The latest buy continued that uninterrupted cadence. Lee highlighted technical and fundamental signals supporting the strategy.
He noted that the ETH/BTC ratio had climbed above a multi-year downward trend, reaching levels near 0.02994 and continuing higher.
In his view, this shift suggests markets are beginning to factor in rising demand for Ethereum driven by tokenization initiatives and AI-agent applications running on the blockchain.
Lee also pointed to expected easing financial conditions as a broader positive for the crypto sector. Beyond simple accumulation,
Bitmine emphasizes productive use of its holdings.
As of the mid-August update, the company had staked about 5.067 million ETH—about 87% of its total position—valued near $9.6 billion.
Much of this is deployed through its Made in America Validator Network (MAVAN), an institutional staking platform.
Projected annualized staking revenues stood around $250 million based on recent yields near 2.61%, with higher potential figures if the full holdings are staked at scale.
The firm’s overall crypto, cash, marketable securities, and strategic investments totaled about $11.4 billion.
This included 210 bitcoin, a $180 million stake in Beast Industries, a $73 million position in Eightco Holdings, and roughly $78 million in cash and securities.
Bitmine positions itself as the largest corporate Ethereum treasury and the second-largest crypto treasury overall, trailing only Strategy’s bitcoin holdings.
In parallel with ETH purchases, the company continued share repurchases.
It bought back 1.7 million of its own common shares in the latest week, raising cumulative buybacks since early July 2026 to more than 20.8 million shares under a previously authorized $4 billion program.
Lee described the shares as undervalued and characterized the repurchase effort as significant within the digital asset treasury sector.
Market response was constructive, with BMNR shares rising in the session following the announcement. Ethereum itself posted modest gains over the prior 24 hours.
The company’s approach combines long-term holding with yield generation via staking and selective equity activity, while maintaining institutional support from investors including ARK Invest’s Cathie Wood and others.
Bitmine’s progress underscores a strategy that treats Ethereum not merely as a balance-sheet asset but as infrastructure supporting emerging use cases in tokenization and AI. With the 5% target now within closer reach, the firm’s weekly cadence and staking operations remain central to its positioning in the Ethereum ecosystem.
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.
Avalanche Leadership Reshuffle: Ava Labs Welcomes New President
Former Ava Labs President John Wu announced a leadership adjustment on X, appointing Charley Cooper as the new president and Lydia as CFO, while Wu transitions to a senior advisor role to focus on long-term strategy and institutional relations. Cooper, who has backgrounds in the U.S. Department of Defense, CFTC and traditional financial institutions, plus over a decade of blockchain experience, is seen as the right person to drive Avalanche’s next phase of growth. As of press time, AVAX’s market capitalization stands at $2.77 billion per HTX market data, with its all-time peak hitting nearly $30 billion in 2021.
19 minutes ago
Stablecoin yield application Osero, backed by a Sky-led investment, has officially launched.
Stablecoin yield project Osero has announced the official launch of its application, now open to all users. Official website data shows Osero currently offers an annual percentage yield (APY) of 3.52%, supporting stablecoins including USDC.e, USDe, AUSD, GHO, PYUSD, RLUSD, USDD, USDG, USDtb, and frxUSD. Its returns are generated from sUSDS and the Sky Ecosystem’s savings rate mechanism. Earlier reports indicated that Osero was incubated by Stablewatch and closed a $13.5 million funding round in May this year, led by the Sky Ecosystem and Plasma.
19 minutes ago
A source familiar with the situation has revealed that Iran is considering striking military targets in Europe if the U.S. escalates the conflict.
Sources familiar with the matter said Iran is considering expanding its strike range to include military targets in Europe if Trump escalates the conflict. The sources added that Iran’s military has assessed striking U.S. military assets in Southeast European countries such as Bulgaria, and also evaluated plans to cut undersea cables in the Strait of Hormuz amid escalating tensions. (Financial Times)
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Embodied intelligence firm MouShen Intelligence completes nearly 500 million yuan in Pre-A+ round financing.
Embodied intelligence firm Moushen Intelligence recently closed a nearly 500 million yuan Pre-A+ financing round. The round was jointly invested by leading state-owned fund Shenbao Yiben Fund, Orient Securities, Shaanxi High-Tech Industry Investment Co., Ltd., industrial investors Anyu Fund, Tianmeng Investment, and Jianyuan Tianhua; existing shareholders Chuanghehui Capital, Xuhui Capital, and Gengxin Capital also made oversubscribed follow-on investments. As a result, Moushen Intelligence’s valuation has surged over 10 times in the first half of the year, making it one of the fastest-growing embodied brain enterprises in the industry. (Science and Technology Board Daily)
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Yesterday, Bitcoin ETFs posted a net inflow of $189.3 million, while Ethereum ETFs registered a net inflow of $71.4 million.
According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs posted a net inflow of $189.3 million yesterday, with IBIT contributing $143.6 million of that total. This marks the second consecutive day of net inflows for Bitcoin ETFs overall. Ethereum ETFs saw a net inflow of $71.4 million, while ETHA recorded a net inflow of $64.7 million.
Bitcoin (BTC) shows early signs of recovery, trading around $63,400 on Wednesday after a 2.9% gain and a close above key resistance earlier this week. Ethereum (ETH) continues to trade sideways, nearing the upper consolidation range near $1,919, where a close above this level suggests a rally ahead. Ripple (XRP) shows signs of a mild recovery as it holds around the key psychological level of $1.
Bitcoin closes above key resistanceBitcoin price trades at $64,391 on Wednesday, holding just above the 50-day Exponential Moving Average (EMA) at $64,376 but still capped by a dense band of overhead resistance. BTC remains below the 100-day EMA at $66,334 and the key horizontal barrier at $66,500, keeping the near-term bias cautiously bearish despite improving momentum.
The Relative Strength Index (RSI) at 52 leans slightly positive. At the same time, the Moving Average Convergence Divergence (MACD) is above its signal line and back in positive territory, hinting at recovering upside pressure that has yet to overcome the prevailing resistance structure.
On the topside, initial resistance is seen at the 38.2% Fibonacci retracement at $65,547 (drawn from May 26 high of $78,080 to the yearly low of $57,800 recorded on July 1), followed by the 100-day EMA at $66,334 and the horizontal cap at $66,500. A sustained break above these levels would open the way toward the 50% retracement at $67,940, with the 200-day EMA higher at $71,451 acting as a broader trend ceiling.
On the downside, the 50-day EMA at $64,376 provides immediate support; a daily close below this floor would expose the 23.6% Fibonacci retracement at $62,586 and the horizontal support at $62,300 as the next demand zone.
BTC/USDT daily chartEthereum could rally if it closes above 100-day EMAEthereum price trades at $1,909 on Wednesday, retaining a capped tone as price holds above the 50-day EMA at $1,871 but remains below the 100-day EMA at $1,918 and the 200-day EMA at $2,115. This configuration suggests recovery attempts are meeting overhead supply from medium- and long-term averages, even as the RSI at 55 stays in mildly positive territory and the Moving Average Convergence Divergence (MACD) hovers just below zero, hinting at waning bearish momentum rather than a clear bullish turn.
On the topside, initial resistance sits at the 100-day EMA near $1,918, followed by the horizontal barrier at $2,000, before the 200-day EMA at $2,115 caps broader upside.
On the downside, immediate support is the 50-day EMA around $1,871, with a deeper structural floor only emerging at the distant horizontal level at $1,385, where stronger demand could emerge if the current range breaks lower.
ETH/USDT daily chartXRP hovers around the key psychological level of $1XRP price trades at $0.99 on Wednesday, extending a bearish near-term bias as spot holds beneath the 50-day, 100-day, and 200-day EMAs at $1.07, $1.15, and $1.34, respectively.
The cluster of overhead EMAs suggests the pair remains capped after its recent pullback, while the RSI around 36 leans toward weak momentum and the MACD histogram stays marginally negative, hinting at lingering downside pressure rather than an imminent bullish reversal.
On the topside, immediate resistance is at the 50-day EMA at $1.07, then the 100-day EMA at $1.15. Above these, further barriers align at $1.30 and the 200-day EMA at $1.34, ahead of a more distant horizontal level at $1.90.
With XRP hovering around the psychological $1.00 mark, a loss of this meaningful support level would leave XRP exposed to further downside, driven primarily by momentum and broader market sentiment.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
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.
Tom Lee, chairman of Bitmine Immersion Technologies, said BlackRock’s new Bitcoin report reinforces the case for Ethereum (ETH). He pointed to artificial intelligence (AI) and robotics as the reason.
BlackRock’s paper, called “Re-Underwriting Bitcoin,” examined Bitcoin’s more than 50% decline from its October 2025 high. It said capital had rotated into AI-themed equity funds instead.
What Lee ArguedLee, who also co-founded Fundstrat, wrote on X that AI capabilities are advancing along a steep S-curve. He said recent research points to AI systems developing a form of collective coordination.
— Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) August 18, 2026
Blockchains and smart contracts, he argued, keep humans involved in overseeing that behavior. He extended the same logic to robotics, citing a video of a robot outperforming human athletes.
In the same post, Lee called Ethereum the most important base layer, or “L1.” The term describes the foundational network that other blockchain applications rely on.
“we see $ETH as an important downstream story for AI”
Where the Case Gets ThinBut BlackRock’s report never mentions Ethereum, robotics, or blockchain verification of AI systems. Instead, its authors frame AI-linked equity funds as competition for capital, not a use case for smart contracts.
Still, Lee’s framing goes further than the report itself. BlackRock links Bitcoin’s pullback to leverage and shifting fund flows, not a change in Bitcoin’s role as a monetary hedge.
This is not the first time Lee has tied Ethereum to the AI trade. Bitmine holds about 4.8% of Ethereum’s circulating supply, making Lee one of the asset’s largest institutional stakeholders.
That position gives Lee a clear financial incentive to link Ethereum to major crypto narratives, including Bitcoin’s own investment case.
Ethereum trades near $1,908 as of Aug. 19, 2026, according to CoinGecko data. Whether Lee’s AI-and-robotics framing gains wider traction may depend on concrete examples of blockchains verifying autonomous systems in practice.
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.
Avalanche Leadership Reshuffle: Ava Labs Welcomes New President
Former Ava Labs President John Wu announced a leadership adjustment on X, appointing Charley Cooper as the new president and Lydia as CFO, while Wu transitions to a senior advisor role to focus on long-term strategy and institutional relations. Cooper, who has backgrounds in the U.S. Department of Defense, CFTC and traditional financial institutions, plus over a decade of blockchain experience, is seen as the right person to drive Avalanche’s next phase of growth. As of press time, AVAX’s market capitalization stands at $2.77 billion per HTX market data, with its all-time peak hitting nearly $30 billion in 2021.
19 minutes ago
Stablecoin yield application Osero, backed by a Sky-led investment, has officially launched.
Stablecoin yield project Osero has announced the official launch of its application, now open to all users. Official website data shows Osero currently offers an annual percentage yield (APY) of 3.52%, supporting stablecoins including USDC.e, USDe, AUSD, GHO, PYUSD, RLUSD, USDD, USDG, USDtb, and frxUSD. Its returns are generated from sUSDS and the Sky Ecosystem’s savings rate mechanism. Earlier reports indicated that Osero was incubated by Stablewatch and closed a $13.5 million funding round in May this year, led by the Sky Ecosystem and Plasma.
19 minutes ago
A source familiar with the situation has revealed that Iran is considering striking military targets in Europe if the U.S. escalates the conflict.
Sources familiar with the matter said Iran is considering expanding its strike range to include military targets in Europe if Trump escalates the conflict. The sources added that Iran’s military has assessed striking U.S. military assets in Southeast European countries such as Bulgaria, and also evaluated plans to cut undersea cables in the Strait of Hormuz amid escalating tensions. (Financial Times)
19 minutes ago
Embodied intelligence firm MouShen Intelligence completes nearly 500 million yuan in Pre-A+ round financing.
Embodied intelligence firm Moushen Intelligence recently closed a nearly 500 million yuan Pre-A+ financing round. The round was jointly invested by leading state-owned fund Shenbao Yiben Fund, Orient Securities, Shaanxi High-Tech Industry Investment Co., Ltd., industrial investors Anyu Fund, Tianmeng Investment, and Jianyuan Tianhua; existing shareholders Chuanghehui Capital, Xuhui Capital, and Gengxin Capital also made oversubscribed follow-on investments. As a result, Moushen Intelligence’s valuation has surged over 10 times in the first half of the year, making it one of the fastest-growing embodied brain enterprises in the industry. (Science and Technology Board Daily)
19 minutes ago
Crypto Analyst: Kaito’s New Product Pulse Plugin Engages in Multiple Deep Data Collection Practices.
Ultra points out that Kaito Pulse uses hashing to fingerprint users’ GPU rendering, hardware models, and hardware test sounds, binding this unique combination to their X account. The tool can also capture users’ full browsing history, feed hover times, clicks, and follow status, sending heartbeat packets with activity detection every 30 seconds. Additionally, it can read Claude and ChatGPT subscription plans and their usage ratios, automatically click to access ChatGPT’s Usage page, and automatically navigate to Binance’s Positions tab, re-sending login requests to retrieve wallet balances, futures positions, profit and loss, and deposit/withdrawal history. Kaito AI announced yesterday its new browser extension product Kaito Pulse, which aims to bring off-platform activities directly into the native X timeline.
Morgan Stanley Investment Management is adding network participation to its crypto investment products rather than limiting them to passive token exposure. The asset manager has selected Galaxy as an approved validator for new Ethereum and Solana exchange-traded products that intend to stake part of their holdings.
According to Galaxy’s August 18 announcement, the Morgan Stanley Ethereum Trust trades on NYSE Arca under MSSE, while the Morgan Stanley Solana Trust uses MSOL. Galaxy is one of three firms selected to support staking across the two products.
MSSE and MSOL seek to track ETH and SOL performance, respectively. Each product intends to delegate a portion of its assets to institutional validators and pass resulting staking rewards to shareholders through regular distributions.
The structure introduces operational questions that do not arise in a product that only holds tokens. Ethereum and Solana use different validator systems, client software, performance measures, and risk controls. A validator can also face downtime, operational errors, or protocol penalties, making infrastructure selection part of the product’s risk profile.
Galaxy said Morgan Stanley evaluated its capabilities on the two networks separately. The release does not specify how much of each trust’s holdings will be staked, the expected reward rate, or the allocation among the three selected providers.
Galaxy Extends Its Institutional Validator Business Galaxy reported $2.8 billion in staked assets at the end of the second quarter of 2026 across Ethereum, Solana, and other proof-of-stake networks. The company presents the mandate as an extension of its infrastructure work for asset managers rather than a new consumer staking product.
That role differs from corporate treasury staking, such as the activity behind BitMine’s expanding Ethereum validator operation. In an exchange-traded product, the infrastructure provider operates within a structure that must account for fund custody, liquidity, disclosures, and shareholder distributions.
Crypto Products Move Beyond Price Exposure The launch illustrates how institutional crypto products are becoming more operationally complex. Staking can add yield, but it also ties product performance to validator uptime, withdrawal mechanics, network rules, and the treatment of rewards.
Traditional spot funds have already made Bitcoin and Ether easier to access, with flows tracked through products covered in recent institutional ETF demand. Morgan Stanley’s new trusts go a step further by seeking to include a native network function in the investor return profile.
The products’ intended staking arrangements remain subject to their governing documents and operational execution. Galaxy’s announcement confirms its selection, but it should not be read as a guarantee of future reward levels or uninterrupted validator performance.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
Bitcoin, Ethereum, Dogecoin, and XRP each face critical technical levels as trading remains tight and investors look for clear signals on market direction. While Bitcoin and Ethereum consolidate near major support zones, Dogecoin and XRP continue to confront persistent downward trends with limited signs of imminent reversal.
Bitcoin trades sideways, eyes crucial resistanceBitcoin has hovered near $64,200, consolidating after an early summer rebound from its June low of $58,000. The daily chart reflects an ongoing standoff between a fragile long-term structure and some short-term stabilization, with price action mostly flat since early July.
Technical signals have seen modest improvement. Short-term moving averages at $63,750 and $63,900 currently sit below the trading price, and the RSI has risen to approximately 52, which suggests buyers hold a small momentum edge, though conditions remain far from overbought. Despite this improvement, BTC has yet to break decisively higher.
Immediate resistance is concentrated between $66,000 and $67,000, with a key major moving average positioned near $66,300, currently sloping downward. A clear daily breakout above this region would provide the first strong indication of a recovery structure forming.
The long-term target, a significant moving average near $71,500, remains distant. Achieving it would require a far more robust upside move and signal a broader shift in market trend. On the downside, support is established at $63,000. If this level fails, the next zones to watch are $60,000 to $61,000, with the earlier June–July lows around $58,000 potentially acting as a further backstop.
For now, Bitcoin stays compressed within a narrow range. Buyers have managed to slow the decline but not spark a turnaround. A clear break outside $63,000 to $66,300 is needed to confirm the next direction.
AssetCurrent PriceImmediate SupportImmediate ResistanceBitcoin (BTC)$64,200$63,000$66,000–$67,000Ethereum approaches technical inflectionEthereum is compressing around $1,900 after weeks of narrowing price swings, standing out with a pronounced converging structure. Support lines have gradually risen beneath current prices, while immediate resistance is moving downward.
ETH is currently trading at approximately $1,896, with short-term moving averages near $1,880 and another key average at $1,849. Both averages now sit below the trading price, reinforcing Ethereum’s short-term resilience. An RSI reading of 53 suggests a slight bullish momentum, though not enough to indicate strong buying interest.
Primary resistance spans the $1,915 to $1,950 area. This region also coincides with a declining trendline from July highs and the intermediate moving average at $1,917. ETH has repeatedly struggled to breach this barrier.
A convincing move above $1,950 would be significant, as it would invalidate the current compression pattern upward and open the door toward $2,000 and the long-term moving average at $2,120. Without such a breakout, downside risk persists. The support area between $1,850 and $1,880 is crucial; losing this could set up a return toward $1,750–$1,800.
The narrowing range makes a technical breakout increasingly likely, with $1,850 and $1,950 acting as key levels to watch in the days ahead.
AssetCurrent PriceCritical SupportKey ResistanceEthereum (ETH)$1,896$1,850–$1,880$1,915–$1,950Dogecoin and XRP struggle to regain momentumDogecoin remains under firm selling pressure, continuing a downward trajectory that has defined much of 2025. The asset is now trading near $0.0699, with recent price action showing little progress toward reversal, although the pace of decline eased in August.
DOGE sits between $0.0707 and $0.0718, just under its short-term moving averages. This forms a tight resistance cluster that must be overcome for any temporary recovery. The intermediate and long-term averages are found at $0.0802 and $0.0958 respectively, both declining and highlighting ongoing weakness. The breach of the rising support line that developed between February and June led to the asset falling from above $0.10 to $0.07.
Although momentum is subdued, the RSI at roughly 46 does not yet signal an oversold market. Support within $0.068–$0.070 is critical. Lost support here could expose $0.065 or even the psychological $0.060 area.
XRP, developed by Ripple Labs as a digital payment solution, recently dropped below the key $1 barrier after extended selling. XRP now trades near $0.998. All major moving averages remain above the current price, emphasizing the challenge ahead. The closest are at $1.039 and $1.074, both still declining through August. The larger-term average is at $1.345, with an additional significant resistance at $1.155.
Momentum indicators reflect a market that is approaching but not yet at oversold levels, with the RSI near 36.5—just above the classic oversold threshold of 30. Reclaiming $1 and quickly pushing above $1.04 would provide the first signs of buyer interest. Full recovery would require a move beyond $1.07. Failure to regain the $1 level could see price slide toward the next support zones at $0.95 and $0.90, where historical support is limited.
Dogecoin and XRP continue to face dominant downward trends, with both assets trading well below key resistance levels and showing limited signs of reversal, keeping sellers firmly in control.
AssetCurrent PriceKey SupportKey ResistanceDogecoin (DOGE)$0.0699$0.068–$0.070$0.0707–$0.0718XRP$0.998$0.95 / $0.90$1.039 / $1.074Disclaimer: 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.
Although Bitcoin is still consolidating around $64,200, the daily chart still indicates that the market is torn between a much weaker long-term structure and short-term stabilization. After rising from its late-June low of about $58,000, Bitcoin has been moving sideways for the majority of July and August.
Looking into short-term directionThe immediate technical structure has made a minor improvement. The short-term moving averages, which are centered around $63,750 and $63,900, are exceeded by Bitcoin. Additionally, the RSI has moved to about 52, giving buyers a slight momentum advantage without indicating an overbought situation. BTC hasn't been able to convert this stabilization into a bigger breakout, though.
BTC/USDT Chart by TradingViewThe $66,000–$67,000 area is the most significant near-term resistance because the next major moving average is located close to $66,300 and has a downward slope. The first significant sign that the current range is becoming a recovery structure would be a daily breakout above this region.
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The long-term moving average stays at roughly $71,500 beyond that. Regaining it would necessitate a much more forceful move and would signify a more significant shift in Bitcoin's overall trend. The immediate support on the downside is still $63,000. Losing it would expose $60,000–$61,000, with the June–July lows at about $58,000 coming next.
As a result, Bitcoin is still in compression. Although buyers have halted the decline, they still don't have enough power to turn it around. The next significant directional signal should come from a break outside of the range of $63,000 to $66,300.
Ethereum has to escapeAfter weeks of increasingly constrained price action, Ethereum is nearing a technically significant turning point as it compresses around $1,900. In contrast to Bitcoin, Ethereum has developed a clear converging structure, with support rising beneath the current price and resistance falling toward it.
ETH/USDT Chart by TradingViewETH is currently trading at about $1,896. Another significant average is close to $1,849, and the short-term moving average is at about $1,880. Both remain below the market, providing Ethereum with a short-term structure that is somewhat beneficial. This view is supported by the RSI at 53, which indicates a modest bullish momentum advantage without strong buying pressure.
The primary barrier is centered between $1,915 and $1,950. This area is currently crossed by the declining trendline from the July highs, and the intermediate moving average is located close to $1,917. ETH has had difficulty rising above this resistance cluster on several occasions.
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Therefore, a strong breakout above $1,950 would be more important than the comparatively small percentage move needed to get there. Such a move would invalidate the current compression pattern to the upside, possibly opening the path toward $2,000 and the long-term moving average at $2,120.
Downside risk would remain active if there were no breakout. The first defensive area is located between $1,850 and $1,880 according to the rising support line and moving averages. The recent rebound would be weakened if that cluster were lost, and ETH might move back toward $1,750–$1,800.
At the moment, Ethereum is more likely to experience a technical breakout than a confirmed trend reversal. The $1,850 support and $1,950 resistance levels are especially significant because the narrowing range indicates that the current low-volatility structure is unlikely to last forever.
Dogecoin remains under pressure Dogecoin is still under intense technical pressure as it continues the downtrend that has dominated the asset for the majority of 2025, trading close to $0.0699. The chart does not yet demonstrate a convincing reversal, despite the fact that the rate of decline has significantly slowed in August.
Right now, DOGE is trading between $0.0707 and $0.0718, directly below its short-term moving averages. This immediately forms a resistance cluster that is only a few percentage points higher than the current price. The first prerequisite for a temporary recovery would be to reclaim it.
DOGE/USDT Chart by TradingViewLarger barriers are significantly higher. The long-term average is still around $0.0958, and the intermediate moving average is close to $0.0802. Both exhibit a distinctly bearish hierarchy and are still declining. The rising support structure that emerged between February and June was also breached by DOGE.
The asset moved from above $0.10 to $0.07 as a result of the subsequent decline, and buyers have not yet been able to create a significant higher high. Momentum is weak, though not deeply oversold.
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With an RSI of about 46, DOGE is below neutral momentum without being significantly oversold. In the event that the current support fails, this allows for further downside. Thus, the $0.068–$0.070 area is crucial. $0.065 and ultimately the psychological $0.060 level could be revealed by a clear breakdown.
XRP loses psychological levelAfter months of relentless selling, XRP has fallen below the psychological $1 threshold, placing the asset at a crucial juncture. Almost all of the major moving averages are still above the market, and XRP is currently trading at about $0.998. The short-term structure is the immediate issue.
XRP/USDT Chart by TradingViewAt roughly $1.039, XRP is below the closest moving average, and at roughly $1.074, it is below another important average. Throughout August, both have kept declining, indicating that sellers are still in charge of the short- and intermediate-term trend. The bigger picture is even more challenging.
The long-term moving average is still around $1.345, and the next significant resistance is close to $1.155. Therefore, before the larger bearish structure could be deemed invalid, XRP would need to make a significant recovery. There is little indication of an imminent reversal in momentum.
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XRP is comparatively near oversold territory, but it is still above the traditional 30 threshold, with an RSI of about 36.5. The RSI reading alone does not offer a reliable bottom signal because persistent downtrends can keep it low for extended periods of time. Now, the $1 level serves as the direct battlefield.
The most recent breakdown could become a failed bearish move if price is quickly recovered above it and then moves through $1.04. Recovering $1.07 would offer much more convincing proof that buyers are returning. But if $1 isn't recovered, XRP could drop even further. The next areas to watch are roughly $0.95 and $0.90, where there isn't much established support.
Leading cryptocurrencies held steady on Tuesday as investors digested President Donald Trump’s latest remarks on Iran negotiations.
Crypto Market Trade MixedBitcoin approached $65,000 during the early hours of trading, but failed to secure a clear breakout. Trading volume fell 12% over the last 24 hours. Ethereum topped $1,900 and consolidated, while XRP and Dogecoin lagged.
Cryptocurrency-related stocks sold off, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 5.28% and 2.35%, respectively.
Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data.
Bitcoin’s open interest fell 0.53% over the last 24 hours. A drop in open interest alongside a price increase typically signals short covering i.e, bearish traders are buying back contracts to exit their positions.
"Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.18 trillion, representing a modest increase of 0.47% over the last 24 hours.
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Stocks Dive on Iran DeadlockStocks extended their losses on Tuesday. The Dow Jones Industrial Average fell 116.38 points, or 0.22%, to close at 53,343.40. The S&P 500 slipped 0.69% to close at 7,691.76, while the tech-focused Nasdaq Composite declined 1.33% to settle at 26,289.71.
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Trump said in a Truth Social post that the U.S. is not having any “talks or conversations” with Iran, nor are any scheduled. He said that the naval blockade remains in effect and the Strait of Hormuz is open for traffic.
Will Bitcoin Sink Below $60,000?On-chain analytics firm CryptoQuant spotlighted Bitcoin’s 30-day average Taker Buy Volume plunging to levels previously observed around the late-2020 reset, the 2022 cycle bottom and the 2023 consolidation.
When Taker Buy Volume falls, it means active buyer demand is fading and aggressive selling or market neutrality is taking over.
“A more credible bottoming signal would require Bitcoin to stabilize while Taker Buy Volume begins to recover,” the firm added. “The current reading therefore points to an advanced reset in market participation, not a confirmed bottom.”
Ali Martinez, a widely followed cryptocurrency analyst and trader, flagged $63,111–$61,849 as Bitcoin’s immediate support zone, where over 2 million BTC last changed hands.
“If it holds, Bitcoin may resume its advance,” Martinez projected. “If it breaks amid rising selling pressure, the next major downside target is near $54,276.”
Could the Next 100x crypto already be preparing for its market debut? Ethereum price prediction is hovering near $1,900, with bulls targeting $2,500 after a breakout above $1,950-$2,000, while Cardano has ended a nine-day losing streak after bouncing from $0.1762. With major coins at key technical levels, traders are also searching for early-stage projects with bigger upside potential.
That is where Apeing enters the picture. Its third-party audit is underway, and rumors suggest the presale could begin in the first week of September 2026, potentially just weeks away. While the date remains unconfirmed, Apeing’s community-first meme-coin strategy, planned utility, and audit-first approach are already creating anticipation. For investors hunting for the Next 100x crypto, Apeing could be one of the projects to watch before the presale spotlight gets brighter.
Apeing Presale: The Next 100x Crypto Countdown Could Be Starting Table of Contents
Apeing is built around one of crypto’s most powerful forces: community-driven momentum. The project describes itself as a meme coin brand created by “true degens,” with a focus on culture, energy, community, engagement, and planned utility. But the real story may be the timing. Apeing is still in its pre-presale phase, meaning the project is preparing its infrastructure while attention can potentially build before the wider market gets involved. For traders hunting for the Next 100x crypto, this is exactly the kind of early-stage setup that can spark serious speculation.
And now, the countdown could be getting interesting. Apeing says its third-party audit is currently underway and that the official presale will begin once the verification process is complete. Rumors are pointing to the first week of September, which would put the potential launch only a few weeks away.
If those rumors prove accurate, Apeing could move from an under-the-radar project to a major topic in the meme-coin conversation very quickly. Early supporters are already being encouraged to join the whitelist so they can receive updates when the official sale is announced. For anyone searching for the Next 100x crypto, Apeing’s combination of an upcoming catalyst, meme-coin culture, community focus, and early-stage positioning makes it a project worth watching closely.
Reason Behind Apeing’s Upcoming Presale Hype The numbers behind Stage 1 are part of what’s drawing attention. Apeing’s own outline puts the opening price at $0.0001 per token, against a projected listing target of $0.01, roughly a tenfold spread before the market even has a chance to weigh in. Allocation for this stage is also capped, so the entry point will not stay available indefinitely once the presale opens.
A low starting price paired with limited supply is a familiar setup in crypto, and it’s usually the combination that decides who gets in at the bottom and who ends up buying in later, once the cheapest tier is already gone.
Ethereum Price Prediction: ETH Bulls Target $2,500 Ethereum is entering a potentially important technical phase as volatility compresses and price remains near the $1,900 area. The key support zone sits around $1,800-$1,850, while bulls need to reclaim $1,950-$2,000 to strengthen the recovery case. A confirmed breakout could put $2,300 and eventually $2,500-$2,800 in focus, while losing support could send ETH toward $1,700-$1,750.
Network activity is adding another bullish element to the current Ethereum Price Prediction. Daily new ETH addresses reportedly jumped from around 121,210 on August 8 to 212,560, suggesting increased network participation. For now, however, the $1,950-$2,000 resistance zone remains the key test. A strong breakout accompanied by volume could significantly improve the bullish outlook.
Cardano Price Prediction: ADA Attempts a Recovery Cardano recently ended a nine-session losing streak after ADA bounced from the $0.1762 0.382 Fibonacci support level. The token was trading around $0.1770, making the current zone critical for determining whether the recent decline has finally exhausted itself. Holding support could open a recovery toward $0.1998, while a breakdown could expose ADA to approximately $0.1617.
The fundamental backdrop also offers potential catalysts, with the Leios progress tracker reportedly showing 96% readiness toward the 1,000 TPS goal and Dijkstra Phase 1 targeting code completion in Q4 2026. Still, the immediate Cardano price prediction depends heavily on whether buyers can defend $0.1762 and push ADA back toward the $0.20 region.
Conclusion: Is Apeing the Next 100x Crypto Opportunity? The crypto market is entering another interesting phase. Ethereum is compressing near a critical resistance zone, Cardano has finally interrupted a nine-day decline, and investors are once again searching for smaller projects that could generate outsized returns. That combination is creating fertile ground for speculation around the Next 100x crypto.
Apeing stands out because its potential catalyst is still ahead rather than behind it. The project says its audit process is underway, while rumors suggest the presale could arrive in the first week of September. There is no confirmed launch date yet, so investors should wait for official confirmation and verify all information through Apeing’s official channels. Nevertheless, anyone researching the Next 100x crypto should have Apeing on their watchlist as the potential presale approaches.
If you want to follow Apeing before the presale potentially opens, keep an eye on the project’s official website and verified social channels for the audit announcement, confirmed presale date, token details, and participation instructions. The biggest opportunities in crypto can attract attention early, but so can the biggest risks. Do your own research before making any investment decision.
For More Information: Website: Visit the Official Apeing Website
Telegram: Join the Apeing Telegram Channel
Twitter: Follow Apeing ON X (Formerly Twitter)
FAQs 1. Is Apeing the Next 100x Crypto? Apeing is being discussed as a potential Next 100x crypto candidate because it is an early-stage meme-coin project preparing for a presale. However, a 100x return is highly speculative and cannot be guaranteed.
2. When will the Apeing presale start? Apeing’s official website currently says that the presale will begin after third-party audits are completed. A first-week-of-September 2026 launch has been rumored, but the project has not officially confirmed that date.
3. What is the Ethereum Price Prediction? The current Ethereum Price Prediction setup identifies $1,800-$1,850 as important support and $1,950-$2,000 as major resistance. A breakout could open the way toward $2,300 and $2,500-$2,800, while a breakdown could expose $1,700-$1,750.
4. What is the Cardano price prediction? ADA is currently defending the $0.1762 Fibonacci support level. Holding it could support a recovery toward $0.1998, while losing it could put approximately $0.1617 into focus.
5. How can I follow the upcoming Apeing presale? The safest approach is to follow Apeing’s official website and verified social channels for the confirmed announcement. Do not send funds to a contract address unless the project officially confirms the presale details and provides verified participation instructions.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Interstice Digital has launched a cross-chain swap engine with FalconX connecting the Canton Network with Ethereum, Solana and Robinhood Chain.
According to Tuesday’s announcement, the non-custodial engine allows assets to be swapped across the four networks without Interstice taking custody or executing transactions on users’ behalf.
FalconX, a digital asset prime brokerage serving institutional investors, provides liquidity for the engine, which is designed to connect Canton’s institutional markets with assets and trading activity on public blockchains, giving users a route between tokenized assets on Canton and liquidity on networks such as Ethereum and Solana.
Canton is a public blockchain built for institutional finance, with privacy and permissioning controls designed for regulated transactions and tokenized assets. Its ecosystem includes major financial institutions such as JPMorgan, Goldman Sachs and BNP Paribas.
Interstice is a wholly owned subsidiary of Everyrealm and is backed by investors including a16z Crypto, Coinbase Ventures, Galaxy and Brevan Howard. The company did not disclose which assets are initially supported or provide transaction volume figures for the swap engine.
Canton expands institutional tokenization activityThe integration comes as more traditional financial institutions use Canton for tokenized assets and blockchain-based settlement.
In July, electronic trading platform Tradeweb executed an onchain US Treasury trade in which Franklin Templeton transferred a tokenized Treasury security to Virtu Financial in exchange for tokenized cash.
Tradeweb provided execution and price discovery, while Canton synchronized settlement between the two assets in real time. Tradeweb said it was the first real-time purchase and sale of a tokenized US Treasury settled against USDCx, a USDC-backed stablecoin issued on Canton, with other participants including Societe Generale, Digital Asset and Blockdaemon.
Societe Generale has also deployed its euro- and dollar-denominated stablecoins on Canton for tokenized collateral, repo financing and institutional settlement, while Visa has tested private stablecoin settlement on the network.
Other initiatives include a Japanese government bond collateral pilot involving Mizuho and Nomura and S&P Dow Jones Indices placing its iBoxx US Treasuries Index on Canton.
PoC trial for digital collateral management using Japanese government bonds. Source: JPX
Magazine: Solana’s fee overhaul increases burn and makes resource hogs pay
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Interstice Digital has launched a cross-chain swap engine with FalconX connecting the Canton Network with Ethereum, Solana and Robinhood Chain.
According to Tuesday’s announcement, the non-custodial engine allows assets to be swapped across the four networks without Interstice taking custody or executing transactions on users’ behalf.
FalconX, a digital asset prime brokerage serving institutional investors, provides liquidity for the engine, which is designed to connect Canton’s institutional markets with assets and trading activity on public blockchains, giving users a route between tokenized assets on Canton and liquidity on networks such as Ethereum and Solana.
Canton is a public blockchain built for institutional finance, with privacy and permissioning controls designed for regulated transactions and tokenized assets. Its ecosystem includes major financial institutions such as JPMorgan, Goldman Sachs and BNP Paribas.
Interstice is a wholly owned subsidiary of Everyrealm and is backed by investors including a16z Crypto, Coinbase Ventures, Galaxy and Brevan Howard. The company did not disclose which assets are initially supported or provide transaction volume figures for the swap engine.
Canton expands institutional tokenization activityThe integration comes as more traditional financial institutions use Canton for tokenized assets and blockchain-based settlement.
In July, electronic trading platform Tradeweb executed an onchain US Treasury trade in which Franklin Templeton transferred a tokenized Treasury security to Virtu Financial in exchange for tokenized cash.
Tradeweb provided execution and price discovery, while Canton synchronized settlement between the two assets in real time. Tradeweb said it was the first real-time purchase and sale of a tokenized US Treasury settled against USDCx, a USDC-backed stablecoin issued on Canton, with other participants including Societe Generale, Digital Asset and Blockdaemon.
Societe Generale has also deployed its euro- and dollar-denominated stablecoins on Canton for tokenized collateral, repo financing and institutional settlement, while Visa has tested private stablecoin settlement on the network.
Other initiatives include a Japanese government bond collateral pilot involving Mizuho and Nomura and S&P Dow Jones Indices placing its iBoxx US Treasuries Index on Canton.
PoC trial for digital collateral management using Japanese government bonds. Source: JPX
Magazine: Solana’s fee overhaul increases burn and makes resource hogs pay
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Interstice Digital has introduced a Cross-Chain Swap Engine with FalconX that enables non-custodial swaps between Solana, Robinhood Chain, Ethereum and the Canton Network. The engine uses infrastructure and compliance services from Trulioo, TRM Labs, CertiK, Canton Strategic Holdings and MPCH.
The system is aimed at bridging Canton’s institutional capital markets infrastructure with some of the largest pools of retail and digital asset liquidity, while giving users a way to move assets across ecosystems without relying on a custodial intermediary.
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The engine has also been selected as a Featured App on Canton. With it, Interstice wants to address a key challenge as institutional adoption of digital assets expands: moving capital between otherwise separate blockchain ecosystems efficiently.
The connected networks bring substantial existing activity to the platform. Robinhood Chain has reached 100 million transactions faster than any other EVM network and now serves 28 million funded accounts holding $369 billion in total platform assets.
Solana recorded a record 167 million monthly active addresses in April 2026 and $650 billion in monthly stablecoin transaction volume in February, while Ethereum continues to underpin a large developer ecosystem and serves as the base layer for Robinhood Chain.
Interstice CEO Janine Yorio said the company built the engine to connect these networks with Canton, which Interstice says processes more than $9 trillion in monthly tokenized real-world asset flows.
FalconX Head of Trading Strategy Hassan Bassiri said the infrastructure could help meet growing institutional demand for seamless movement of capital between digital asset ecosystems.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Interstice Digital, a wholly owned subsidiary of Everyrealm, has unveiled a cross-chain swap engine in partnership with FalconX, enabling seamless asset swaps between the Canton Network, Ethereum, Solana, and Robinhood Chain.
Non-custodial engine links institutional and public blockchainsThe new engine operates on a non-custodial model, allowing users to exchange assets across the four networks without Interstice taking custody or executing trades on their behalf. This setup aims to promote security by removing the need for users to transfer control of their funds to a third party during swaps.
FalconX, a digital asset prime brokerage that serves institutional clients, supplies liquidity to the platform. The swap engine is specifically designed to connect the Canton Network’s institutional finance markets with the broader liquidity and asset pools found on public blockchains, including Ethereum and Solana. The capability offers users a new pathway to move tokenized assets between the permissioned Canton environment and more open, public networks.
The integration allows institutional investors to bridge tokenized assets from Canton to public chains like Ethereum and Solana without giving up custody, unlocking new liquidity and trading possibilities.
Interstice did not specify which digital assets will be supported at launch or disclose initial transaction volumes for the swap engine. The company is backed by prominent investors such as a16z Crypto, Coinbase Ventures, Galaxy, and Brevan Howard.
Mini dictionary: Canton Network — A permissioned blockchain platform focused on institutional markets, enabling settlement and tokenization for traditional financial assets.
Institutional adoption of digital assets on CantonThe swap engine rollout comes as Canton Network sees expanded use among traditional finance institutions interested in tokenizing assets and using blockchain for settlement. In July, electronic trading venue Tradeweb facilitated an onchain US Treasury transaction, with Franklin Templeton transferring a tokenized US Treasury security to Virtu Financial in exchange for tokenized cash.
Tradeweb oversaw trade execution and price discovery, while the Canton Network provided synchronized, real-time settlement between the two assets. This was described as the first real-time purchase and sale of a tokenized US Treasury security settled against USDCx— a USDC-backed stablecoin issued on Canton. Participants in this transaction included Societe Generale, Digital Asset, and Blockdaemon.
InstitutionAsset or InitiativeNetworkFranklin TempletonTokenized US TreasuriesCantonSociete GeneraleEuro and dollar stablecoins, collateral, repo financingCantonVisaPrivate stablecoin settlement testsCantonMizuho & NomuraJapanese government bond collateral pilotCantonS&P Dow Jones IndicesiBoxx US Treasuries IndexCantonSociete Generale, a major French banking group, has deployed euro- and dollar-denominated stablecoins on Canton for applications such as tokenized collateral, repo finance, and institutional settlements. Visa has also tested private stablecoin settlement using the network.
Additional initiatives include a Japanese government bond pilot involving Mizuho and Nomura banks, as well as S&P Dow Jones Indices placing its iBoxx US Treasuries Index on the Canton Network. These pilots demonstrate Canton’s growing role in the institutional adoption of blockchain-based settlement and tokenization in the capital markets.
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.
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.
Fundstrat’s Tom Lee on Tuesday called Ethereum (CRYPTO: ETH) the most important Layer-1 for the AI era, arguing blockchains will become the critical layer for controlling AI and robots as their capabilities accelerate.
Why Lee Is Calling Ethereum the AI Downstream PlayLee posted a four-part thread on X, responding to several posts about AI and crypto.
His core argument is that as AI capabilities follow a steep S-curve and robotics push beyond human limits, blockchains and smart contracts become the essential layer that keeps humans in control of what machines do.
Ethereum, in his view, is the settlement and verification layer for that future.
“We see ETH as an important downstream story for AI,” Lee wrote in the thread’s final post, responding directly to Bitmine’s breakdown of the ETH/BTC ratio thesis.
What the AI ‘Hive Mind’ Has to Do With EthereumLee responded to a post citing Stanford research showing that major AI models have quietly converged toward a shared intelligence through synthetic data training loops, with a 98% overlap in reasoning pathways across leading models.
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Rather than seeing this as a threat, Lee argued it makes blockchain infrastructure more relevant because smart contracts provide a transparent, verifiable layer to govern what a unified AI system actually does and keep humans in the loop.
Lee also responded to a Bitcoin Magazine post noting that BlackRock (NYSE:BLK), which manages $15 trillion in assets, remains bullish on Bitcoin despite its 50% decline from all-time highs.
He agreed with the broader thesis but steered toward Ethereum, arguing it will be the most important Layer-1 as AI and robotics use cases grow.
Meanwhile, on the robotics front, Lee replied to a post showing China’s new humanoid robot jumping nearly two meters and running at 12.658 meters per second, exceeding human physical limits.
He flagged blockchains as the important settlement layer to verify and control robot actions as those capabilities keep advancing.
What The ETH/BTC Ratio ShowsLee noted the ETH/BTC ratio currently sits at 0.02994 and rising, breaking above its long-term downtrend.
Moreover, prior ratio expansions were driven by ICOs, NFTs, and stablecoins. He expects Wall Street tokenization and agentic AI to drive the next one.
An Ethereum [ETH] whale moved 10.3K ETH, valued at approximately $19.5 million, off Kraken in a span of just 24 hours.
The activity followed the previous pattern of withdrawal of the wallet, and it also decreased the amount of funds held by the wallet on the exchange. Notably, the whale withdrew another 5K ETH worth approximately $9.53 million in the most recent transaction.
However, accumulation alone did not capture the full supply implications behind these movements. The wallet also staked 2.02K ETH, worth approximately $3.84 million, through Ethereum’s Beacon Deposit Contract. Therefore, part of the withdrawn supply moved toward staking instead of remaining immediate available liquidity.
This positioning reinforced the accumulation narrative where the exchange withdrawals came with reduced immediately available supply.
Spot buyers reinforced the whale accumulation Spot Taker CVD added another bullish layer as the 90-day indicator remained buyer-dominant as of writing. Market buyers maintained a greater aggressive execution than sellers across the measured period.
Importantly, the whale’s exchange withdrawals were not against the general supply trend, but rather reinforced it with buyer dominance. Exchange withdrawals reduced available holdings, while taker activity reflected active buying pressure across the spot market.
Long-term taker dominance will continue to be crucial in driving higher price action from tighter supply. Whale withdrawals may also shrink the liquidity on the exchange side, while continued aggressive buying can lead to more competition for the scarce Ethereum.
Both trends had a positive impact on the buying side and bolstered the emerging supply-demand structure.
Source: CryptoQuant Funding stayed positive as conviction weakened Derivatives traders maintained a bullish bias, although their conviction weakened considerably during the latest period. At press time, Ethereum’s Funding Rate remained positive at 0.003827 despite falling by 53.53% in 24 hours.
Positive funding indicated that long positions still paid shorts, keeping leveraged positioning tilted toward buyers. Yet, the sharp decline reflected weaker enthusiasm compared to the preceding funding environment.
Meanwhile, leveraged conviction cooled while spot demand retained a more constructive profile. The divergence was more about the shift of focus from ever-more aggressive leveraged exposure to the organic buying. The lower funding may also limit risks of overheating as ETH buyers try to test resistance levels in the area.
A renewed funding increase alongside persistent spot dominance would strengthen bullish positioning across the markets. For now, derivatives traders retain a long-side bias, although declining funding weakened confirmation from leveraged participants.
Source: CoinGlass Can ETH finally challenge $1,960 resistance? At the time of analysis, Ethereum traded near $1,899 after repeatedly holding above the $1,870.61 support area. Meanwhile, the $1,960.50 resistance continued restricting the recovery from above.
On the shorter time frame, Parabolic SAR indicated a bull market stance after it turned below price towards $1,822.08, at the time of writing. Buyers therefore gained additional technical support while ETH remained above its immediate support at $1,735.31.
RSI reached 53.96, sitting above its 53.18 average, thus keeping the reading slightly above neutral territory. More importantly, that position allowed for additional purchases with no room to overbuy Ethereum.
A decisive break above $1,960.50 could open a path toward the $2,100 resistance zone. Sustained whale withdrawals and spot buying would further bolster the market conditions for this expansion.
But if the recovery structure fails to hold, then $1,735.31 becomes a significant support level.
Source: TradingView Final Summary Whale withdrawals and staking reduced available ETH while spot buyers maintained demand. Ethereum’s $1,960.50 resistance remains the key barrier separating consolidation from further price expansion.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
In a major development for Ethereum, the Platåberget public testnet is now live, marking the next stage of testing for Glamsterdam.
The Ethereum Foundation announced the Platåberget Testnet in a blog post dated August 17 and described it as Glamsterdam's (Gloas + Amsterdam) early testing ground open to public participation.
The Platåberget public testnet is now live, marking the next stage of testing for Glamsterdam.
The fork is scheduled for August 20, with ePBS, gas repricings, Block-Level Access Lists (BALs), and the new builder API flow among the key areas being tested. pic.twitter.com/dk47bBK7vD
— Ebunker (@ebunker_eth) August 18, 2026 Platåberget is a short-term testnet designed for testing changes by the community. Unlike the short-lived devnets before it, Platåberget is intended to run for a few months, giving the community a stable place to experiment with post-Glamsterdam Ethereum and an opportunity to test and break things before Glamsterdam goes live on Ethereum's longer-lived testnets, Sepolia and Hoodi.
Platåberget has a relatively small but publicly joinable validator set, which allows anyone to deposit a new validator and test out their validator and builder deposit workflows. The Glamsterdam fork on the testnet is scheduled for August 20, with ePBS, gas repricings, Block-Level Access Lists (BALs), and the new builder API flow among the key areas being tested.
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Platåberget will allow the community to experiment with post-Glamsterdam Ethereum and begin identifying issues.
About Glamsterdam upgradeEthereum's Glamsterdam upgrade is expected to bring significant changes to both its consensus and execution layers.
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A key highlight of the upgrade is Enshrined Proposer-Builder Separation (ePBS), which remains a major change to how blocks are built, proposed, and validated, including a new builder API flow and PTC (payload-timeliness) checks. Infrastructure that depends on the block production and validation pipeline might be affected by this change.
Glamsterdam will add Block-Level Access Lists, which introduce enforced block-level access lists that record accessed state locations and post-transaction changes. BALs are stored separately from the block body and can be exchanged between execution-layer peers through eth/71.
Other changes include gas repricings, which represent a coordinated bundle of gas cost changes aimed at about a 200 million gas floor. Any tooling that hardcodes a maximum gas limit might be affected. Larger contracts and initcode increase the maximum deployed contract size from 24KiB to 64KiB and the maximum initcode size from 48KiB to 128KiB, as well as introduce forward-compatible consensus data structures.
Direct crypto buying from your Cash App balance@MoonPay has added @CashApp Pay as a payment method, giving U.S. customers a direct route to buy crypto assets using their existing Cash App balance. The integration went live on August 18, 2026, and covers $BTC, $ETH, and a selection of regulated stablecoins.
The move removes a common friction point in crypto onboarding. Rather than linking a bank account or entering card details, eligible users can simply select Cash App Pay at checkout within MoonPay's flow and complete the purchase in a few taps. The goal is to make the process feel as routine as splitting a bill or paying a friend.
Part of a wider push to widen accessThe Cash App Pay tie-up fits a pattern MoonPay has been building for some time. The company has steadily added familiar consumer payment methods to reduce the gap between mainstream finance and crypto. An earlier integration brought Venmo support to Exodus wallet users through MoonPay's infrastructure, with that partnership framing the approach plainly: meet people where they already manage their money.
MoonPay's Venmo integration via Exodus showed that plugging into high-adoption payment apps can open crypto access to tens of millions of users who would not otherwise seek out a dedicated exchange. Cash App, operated by Block, brings a similarly large and financially active user base, particularly among younger Americans.
MoonPay describes itself as serving more than 30 million customers across 180 countries and working with over 1,200 enterprise clients. Adding Cash App Pay to its U.S. checkout options extends that reach further into the domestic retail market at a time when regulated stablecoins are drawing renewed attention from both consumers and policymakers.
For Cash App users, the practical benefit is straightforward: no new account, no card entry, and no redirect to a separate service. The purchase settles through MoonPay's existing compliance and payments infrastructure, with the familiar Cash App Pay experience sitting on top.
Sources:
Exodus Expands Crypto Access to Venmo Users Through MoonPay Integration, GlobeNewswire via Seeking Alpha
MoonPay Newsroom
Stage 1 closed at $0.00001, stage 2 is priced at $0.000015, and stage 3 asks $0.00002.
Bullski is an ERC-20 meme coin on Ethereum, 120 billion tokens, fixed, sold across a 16-stage ladder.
Chainlink (LINK) at $9.44 posted the strongest seven days in the top 20, up 13.7%.
Among new crypto coins with a published ladder, $BULLSKI names its listing reference up front at $0.0025.
Traders hunting the next crypto to explode usually start with a chart. This week the sharper signal sits off-chart, inside a meme coin presale. Bullski’s stage 1 sold out at $0.00001, and stage 2 now asks $0.000015.
Chainlink climbed 13.7% in seven days while Bitcoin slipped 3.2%. That rotation is why buyers keep checking the newest meme coin entry before the ladder steps up to $0.00002.
Where Fresh Money Rotated in the Past Seven Days Crypto’s combined value sits at $2.252 trillion, down 0.11% on the day, with $29.81 billion changing hands in 24 hours. Bitcoin holds $63,011 and 56.14% dominance, yet its week is red at 3.2% lower. Meme coins as a group carry $24.79 billion, off 0.84% on the day, on $0.89 billion of turnover.
Money is not leaving. Money is moving between names, and the search for the next big crypto to explode usually starts in weeks that look exactly like this one. Uniswap shows the other side of the same rotation, down 18.5% across seven days at $3.29.
Cardano slid 10.0% to $0.1772 over the same stretch. Altcoin leadership changed hands inside a single week, which is exactly when a crypto presale gets a second look.
By the Numbers: Bitcoin trades 50.0% below its $126,080 record from October 6, 2025. Ethereum sits 62.0% below its $4,946.05 peak set on August 24, 2025. Records from last year remain a long climb away from today’s quotes.
Best Crypto to Buy Now: Five Names Worth a Second Look Bullski ($BULLSKI), the Meme Coin Presale on Stage Two Bullski runs a 16-stage token sale where every rung carries a fixed price and a fixed allocation. Stage 1 sold its full 1,192,283,023 tokens at $0.00001 and closed. Today’s rung is $0.000015, with 1,400,000,000 tokens on offer.
As of August 18, 2026, 45,829,562 of those are taken and 1,354,170,438 remain. Next comes $0.00002, a 33% step up from what buyers pay right now.
Total supply is 120 billion tokens, fixed, and the presale accounts for 40% of it. Payment goes in with ETH, BNB or USDT, since $BULLSKI is an ERC-20 token on Ethereum. Locked liquidity is scheduled for launch day, and only the team allocation carries vesting.
For the detail on how the opening rung emptied, here is what we covered on the sell-out.
Chainlink (LINK), the Strongest Week in the Top 20 Chainlink trades at $9.44 with $7.07 billion behind it, according to CoinGecko’s Chainlink page. Seven days delivered 13.7%, the best run among the twenty largest coins, although the day is a touch soft at 0.8% lower. Its record of $52.70 dates to May 9, 2021, and LINK now sits 82.1% below that mark.
Monero (XMR), a Steady 5% Week Under the Radar Monero changed hands at $408.00 on August 18, 2026, giving it $7.67 billion in value. Its week added 5.0% while the day finished flat. Privacy coins together hold $16.29 billion, down 0.31%.
XMR remains 48.9% below its $797.73 record, so the recovery still has room to run.
Kaspa (KAS), the Best Single Day on This List Kaspa posted 3.8% on the day, more than any other name in the top 20. Price is $0.02602 and the float is worth $0.72 billion in total. Seven days are slightly negative at 0.6% lower.
KAS trades 87.5% below its $0.2074 high.
Tron (TRX), Flat on the Day and Green on the Week Tron sat flat at $0.3316 with $31.5 billion of value attached. Its week is a modest 0.6% gain, which counts as strength in a soft tape. Of every coin here, TRX is nearest its own record, trading 23.1% below the $0.4313 peak.
Quiet often beats loud when the sector drifts. For readers building a shortlist of the best crypto to buy now, that short gap to a record is worth noting beside the presale ladder below.
Name
August 18 Quote
Size of the Float
Seven-Day Move
Distance Below Its Record
Bullski ($BULLSKI)
$0.000015 at stage 2
Not listed, 120 billion fixed
Set by rung, not traded
No record yet, $0.0025 named for listing
Chainlink (LINK)
$9.44
$7.07B
+13.7%
82.1% below $52.70
Monero (XMR)
$408.00
$7.67B
+5.0%
48.9% below $797.73
Kaspa (KAS)
$0.02602
$0.72B
-0.6%
87.5% below $0.2074
Tron (TRX)
$0.3316
$31.5B
+0.6%
23.1% below $0.4313
In Short: Four names above carry a market price set by traders. One does not. What $BULLSKI costs today is decided by stage pricing, and Bullski’s fixed token count never moves with demand.
Keep that cryptocurrency list short and the comparison stays honest: LINK, XMR, KAS and TRX are recovery stories, while the presale is an entry story.
What the Bullski Token Sale Locks In Allocation is published before launch rather than after it. Presale takes 40%, liquidity 18%, staking and rewards 17%, burns 10%, referrals 8%, marketing 5%, and the team 2%. Only that team slice carries vesting.
Etherscan already shows a verified contract, an audit is under way, and staking plus referral rewards pay out during the sale rather than after it.
Good to Know: Rungs here advance when they sell out, never on a clock. That is why the $0.000015 window carries no published end date, and why the live counter is worth reading before any decision.
Why Stage Two Rewards a Quick Decision Math first. The next rung costs $0.00002, one third more than the $0.000015 asked today. Measured against $0.0025, the figure named for listing, that gap looks small in dollars and large in tokens per hundred spent.
Readers weighing cryptocurrency investments across meme names often check what sits beneath the majors right now before they commit.
Buy $BULLSKI at $0.000015: a wallet holding ETH, BNB or USDT is all the setup this needs. Go to the Bullski sale page, let the live counter name the active rung, then add $BULLSKI at $0.000015 while that rung is the one on screen. Nobody reopens a closed step, so today’s number is the one that counts.
Next Crypto to Explode: Common Questions What Is the Next Crypto to Explode? Nobody can name it in advance with certainty. What analysts can do is follow where money rotates. Chainlink led this week at 13.7% over seven days, Monero added 5.0%, and presale demand pulled the opening Bullski rung to a full sell-out at $0.00001.
What Crypto to Buy Now, and at What Price? Price is the part a buyer controls. LINK costs $9.44 today and TRX costs $0.3316, both set by open trading. $BULLSKI costs $0.000015 because a rung sets it, not a chart.
Readers weighing the best crypto to invest in tend to compare entry price against a published listing reference, which here is $0.0025.
How Do New Crypto Coins Get Priced Before They List? A presale publishes a ladder. Every rung has a price and an allocation, and the sale steps up only once that rung empties. Bullski runs sixteen of them, from the closed $0.00001 step to a $0.0025, the price named for listing day.
Buyers see the whole schedule before spending anything, which is unusual in a sector where pricing normally appears only on listing day.
Where Does Bullski Sit Among Top Cryptocurrency Names? Nowhere on the ranking yet, and that is rather the point. Top cryptocurrency tables measure listed coins by market value, so a presale token gets no line until it trades. What Bullski does publish is supply, allocation, stage pricing and $0.0025 as the reference for listing.
For More Information Website: Visit the official Bullski website at bullski.io
Telegram: Join the Bullski Telegram channel at t.me/BullskiCoinOfficial
X (Twitter): Follow Bullski on X at x.com/bullskicoin
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Fundstrat managing partner Tom Lee says Ethereum (ETH) is set to outperform Bitcoin (BTC) substantially in the years ahead, fueled by broader market drivers than in previous cycles.
Lee says on X that the tailwinds for ETH are stronger than ever, pointing to Wall Street tokenizing assets on the blockchain and artificial intelligence (AI) integrating with blockchain technology.
In historical cycles, Lee says that the ETH/BTC ratio saw significant increases during bull markets due to such tailwinds as Initial Coin Offerings (ICOs), non-fungible tokens (NFTs) and stablecoins.
“The tailwind for ETH in the next few years is larger than those prior cycles of ICOs, NFTs – expect this ratio ETH/BTC to make a sizable move higher…
This ETH/ BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum relative to Bitcoin. These prior cycles were fueled by:
ICOs (2017-2018). NFTs (2020-2021). stablecoins (2025). In this upcoming crypto cycle, we see the ETH/BTC ratio rising, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains.”
Source: Tom Lee/X The comments build on analysis of Ethereum’s increasing use relative to Bitcoin across cycles, positioning new institutional and technological applications as key catalysts.
Lee also serves as the chairman of BitMine Immersion (BMNR), the largest Ethereum treasury firm in the world.
ETH/BTC is currently trading at 0.02964 BTC ($1,906).
Ethereum has launched the Plataberget public testnet as developers begin testing the upcoming Glamsterdam upgrade. The network will serve as a public testing ground for major changes to Ethereum’s block building, gas rules, and data access system, with the Glamsterdam fork set for August 20, 2026.
Platberget Opens Glamsterdam Testing to the PublicThe Ethereum Foundation announced Plataberget, calling it an early testing ground for Glamsterdam, a name combining the planned Gloas and Amsterdam upgrades.
This gives developers, validators and other Ethereum users more time to test the changes before they move to longer running networks such as Sepolia and Hoodi.
The testnet is also permissionless, meaning validators, developers and other Ethereum users can join and test their systems before they move to longer running networks such as Sepolia and Hoodi.
The network is expected to use about 50,000 validators across roughly 50 nodes, with different client combinations being tested.
Ethereum’s 21,000 Gas Rule Is Also ChangingOne of the most important changes for everyday users is the way Ethereum handles basic ETH transfers.
Transfers to existing accounts will still use 21,000 gas. However, sending ETH to a new account will require extra state gas because the transaction creates new data on Ethereum.
This change could affect wallets, gas estimators, and other tools that assume every ETH transfer has the same gas cost. Developers will need to update these systems before Glamsterdam reaches Ethereum’s mainnet.
Glamsterdam Brings Major Network ChangesGlamsterdam also includes several changes aimed at improving how Ethereum processes transactions.
ePBS will bring proposer-builder separation directly into Ethereum’s core rules. This could change how blocks are created and reduce reliance on external block-building systems.
BALs will record which parts of Ethereum’s state are accessed during block execution. The change is important for Ethereum’s longer-term plan to process more transactions at the same time.
The upgrade also raises the smart contract size limit from 24 KiB to 64 KiB. The maximum initcode size will rise from 48 KiB to 128 KiB.
Another set of gas changes is designed to support a higher gas floor of around 200 million, giving Ethereum more room to handle activity on the base layer.
What Comes After August 20?Plataberget is not the final stop. Ethereum developers plan to move Glamsterdam testing toward longer-running networks such as Sepolia and Hoodi once the changes become stable.
The mainnet upgrade is currently targeted for the second half of 2026, with ethereum.org listing Glamsterdam as a major 2026 upgrade.
The Ethereum Foundation has also said existing smart contracts are expected to keep working after Glamsterdam, although developers will need to review gas use and update tools that depend on older network rules.
Story Ends Here
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The latest treasury burn of $35.7 million in RLUSD tokens on the XRP Ledger (XRPL) has officially marked an anomalous monthly trend for the asset. Over the past 30 days, Ripple aggressively issued $449.3 million worth of its dollar-backed stablecoin directly on its native blockchain infrastructure.
However, due to the high intensity of sudden redemptions by institutional clients, the cumulative volume of tokens burned over this exact same period rapidly reached $448.9 million, ultimately putting the final burn rate at a staggering 99%.
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This specific dynamic effectively reduced actual net supply growth on XRPL to near-zero and clearly exposed a deep cross-chain imbalance across the ecosystem.
While capital on Ripple's native network functions almost exclusively within a high-speed transit corridor — with tokens rapidly minted for institutional settlements and immediately burned when redeemed back for fiat currency — Ethereum demonstrates classic, long-term liquidity accumulation.
Crucially, on the competing Ethereum network, $403 million was issued over the same 30-day window, while only $177.3 million was burned, thereby allowing that network to comfortably retain more than $225 million in net inflows.
Business as usual for RippleThe total circulating RLUSD supply now stands at exactly $1.757 billion. Due to these entirely different ways the token is used, total liquidity is currently distributed almost evenly between the two competing blockchains:
XRP Ledger: $883 million (50.2%)Ethereum: $874 million (49.8%) You Might Also Like
The current data confirms that major players heavily utilize XRPL infrastructure for instant real-time conversions, while the Ethereum version of the token is distinctly preferred for long-term holding within the DeFi market.
In this context, the recent removal of $35.7 million from circulation is not a sign of declining demand, but a direct reflection of this dual-chain RLUSD operating model at work.
Bitcoin, Ethereum and XRP are showing signs of a short-term recovery, but the market remains at an important point. Recent price action shows that the three cryptocurrencies have avoided deeper declines for now, while several resistance levels are still limiting a stronger recovery.
Bitcoin Holds $62,000 SupportBitcoin remains inside a wide trading range, with $60,000 acting as major support and $66,000-$67,000 as resistance.
The most important downside area is around $62,000-$62,200. Bitcoin has so far stayed above this level, keeping its recent price structure intact.
A confirmed move below $62,000 could create a new lower low and increase the chance of a deeper decline in the following weeks. On the upside, a move above $65,500 could weaken the current bearish setup and allow Bitcoin to move higher.
Ethereum Struggles Below $2,000Ethereum is also moving within a range and continues to face resistance around $1,940-$1,970. ETH has support around $1,800-$1,830, while the wider support zone sits between approximately $1,500 and $1,600.
A sustained move above $1,970-$1,980 could improve Ethereum’s outlook and bring $2,130-$2,150 into focus. Above that range, the next resistance area is near $2,400.
The bearish divergence on the daily chart remains active, which could keep ETH moving sideways in the near term rather than starting a strong rally.
XRP Holds Around $1XRP remains weaker than Bitcoin and Ethereum. The weekly trend is still bearish, with the next major support around $0.93.
On the daily chart, XRP is holding close to the $1 level and is showing a possible bullish divergence between its price and RSI. The signal, however, has not been confirmed yet.
A stronger rebound accompanied by several positive daily closes could confirm the setup and lead to some relief over the next one to two weeks.
XRP could still lag Bitcoin during such a move because it has underperformed for an extended period.
What Traders Are Watching NowFor Bitcoin, $62,000 and $65,500 remain important levels. For Ethereum, attention is on $1,970, while XRP needs to defend $1 and show stronger buying activity.
A decisive move through these levels could provide a clearer picture of whether the current recovery can continue or whether Bitcoin, Ethereum and XRP remain trapped within their existing ranges.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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Ripple executed a treasury burn of $35.7 million in RLUSD tokens on the XRP Ledger (XRPL) this month, highlighting an exceptional pattern in the stablecoin’s on-chain activity. Over the past 30 days, the company issued $449.3 million worth of RLUSD directly onto its native XRPL blockchain.
Redemptions Drive Near-Total Monthly BurnDuring the same period, institutional clients initiated a series of intense RLUSD redemptions, which quickly led to $448.9 million in tokens being burned. This process resulted in a monthly burn rate of 99%, pushing net RLUSD supply growth on XRPL close to zero.
Ripple is a blockchain technology company best known for its global payments network and the XRP digital asset. The firm’s RLUSD stablecoin is designed for efficiency in settlements, especially across multiple networks.
While RLUSD volumes showed dramatic daily fluctuations on XRPL, the Ethereum network exhibited slower but consistent accumulation, as most redemptions and burns were focused on Ripple’s native chain over the past month.
RLUSD Dynamics: XRPL vs. EthereumCapital flows through the XRP Ledger predominantly serve high-speed transactional purposes, with RLUSD tokens being frequently minted to facilitate settlements and swiftly burned when redeemed for fiat currencies. By comparison, the Ethereum version of RLUSD has become a hub for longer-term liquidity retention and decentralized finance (DeFi) activity.
Over the last 30 days, Ethereum saw $403 million in RLUSD issued and $177.3 million burned, resulting in net inflows exceeding $225 million. This contrast sharply with XRPL’s highly dynamic but largely net-neutral token supply during the same interval.
The current overall supply of RLUSD in circulation is $1.757 billion. Liquidity is nearly equally split between the two blockchains: XRPL holds $883 million (50.2%) and Ethereum manages $874 million (49.8%).
NetworkRLUSD Circulating SupplyShare (%)XRP Ledger$883 million50.2%Ethereum$874 million49.8%Recent data indicates that institutional participants use XRPL infrastructure predominantly for real-time, high-volume conversions, moving capital in and out rapidly. In contrast, the Ethereum deployment of RLUSD has become the preferred vehicle for holding the token in the DeFi sector.
The removal of $35.7 million from circulation does not indicate waning interest in RLUSD, but rather reflects the operational reliance on XRPL for instant settlements while Ethereum acts as the network of choice for longer-term holding strategies.
These patterns reveal a dual-chain operating strategy for RLUSD. The recent burn mirrors Ripple’s approach to supply management across XRP Ledger and Ethereum, each supporting distinct liquidity needs for their respective user bases.
Such divisions in token utilization underscore the evolving nature of stablecoin adoption within both institutional finance and decentralized markets, as users gravitate toward infrastructure best suited to their specific needs.
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.
Tom Lee has never been one to whisper his market calls. The Fundstrat co-founder and chairman of BitMine Immersion Technologies used a keynote at the Proof of Talk conference in Paris to lay out what might be his most ambitious thesis yet: Ethereum is the backbone of the coming machine economy, and it could see a 50x increase from current levels.
His price target for ETH sits at $250,000. That’s the kind of number that makes even hardened crypto bulls double-check their hearing.
The machine economy thesis Lee’s argument rests on a straightforward observation about where the internet is heading. During his June 2026 remarks, he stated that “robots are already going to dominate most traffic on the internet.” If autonomous AI agents are going to transact with each other at scale, they’ll need a payment rail that doesn’t require a human compliance officer approving every wire transfer.
That’s where Ethereum fits in, according to Lee. Traditional banking infrastructure was built for humans filling out forms and waiting three to five business days. Smart contracts running on a proof-of-stake blockchain can settle transactions in seconds, verify identity programmatically, and operate around the clock without anyone clocking out for lunch.
Lee also tied his thesis to the tokenization of real-world assets, a trend that has been gaining traction with major financial institutions over the past two years. If trillions of dollars in traditional assets migrate onto blockchain rails, the settlement layer processing those transactions captures enormous value. Lee believes Ethereum is best positioned to be that layer.
The numbers backing the narrative Lee isn’t just talking theory. He pointed to a striking data point from July 21, 2026: ETH surged 24% while the Roundhill Memory ETF, which tracks AI-adjacent semiconductor and memory stocks, dropped 38%. That’s a 62-percentage-point divergence between two assets that investors often lump into the same “bet on AI” category.
Lee is also putting corporate money where his mouth is. BitMine, the company he chairs, has been accumulating ETH through multi-million-dollar purchases. That’s not a casual endorsement. When a public company’s treasury strategy aligns with its chairman’s conference keynotes, the conviction is real, or at least expensive enough to be taken seriously.
Why Ethereum over competitors Part of the answer is network effects. Ethereum still hosts the largest ecosystem of developers, decentralized applications, and DeFi liquidity. For AI agents that need to interact with a wide variety of smart contracts and tokenized assets, going where the infrastructure already exists matters more than chasing marginally faster block times on a chain with a fraction of the ecosystem.
Ethereum’s proof-of-stake consensus mechanism also plays into Lee’s thesis. A settlement layer for autonomous machines needs to be energy-efficient and economically sustainable. The shift from proof-of-work, completed in September 2022, addressed one of the biggest criticisms lobbed at Ethereum’s viability as global financial infrastructure.
Wall Street firms exploring tokenization have overwhelmingly gravitated toward Ethereum and its Layer 2 ecosystem. If Lee’s prediction about a supercycle driven by institutional tokenization proves correct, Ethereum’s first-mover advantage in attracting traditional finance participants could compound over time.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Securitize has launched a tokenized fixed-income fund managed with Neuberger that will invest mainly in high-yield bonds and issue interests across Avalanche, Ethereum, Solana, and Sui.
Summary
HINC will invest primarily in high-yield bonds, alongside CLOs and leveraged loans. Neuberger will serve as subadvisor in its first engagement with a tokenized fund. Eligible accredited investors and qualified purchasers can access the fund after completing required compliance checks. Securitize affiliates will handle investment advice, distribution, tokenization, and fund administration. Securitize said in an Aug. 18 announcement that the Neuberger Securitize High Income Tokenized Fund, trading under the ticker HINC, will seek risk-adjusted returns from a portfolio of income-producing fixed-income assets.
Along with high-yield bonds, the mandate permits investments in collateralized loan obligations and leveraged loans. Neuberger will manage the portfolio as subadvisor, drawing on a fixed-income business overseeing more than $230 billion in assets.
Securitize Capital LLC serves as the investment adviser, while Securitize Markets LLC will offer fund interests to eligible investors. Other affiliates of the tokenization company will handle administration and operational services.
HINC brings a high-yield strategy to four blockchains HINC will issue tokenized interests on Avalanche, Ethereum, Solana, and Sui, giving eligible investors four networks through which to access the fund.
Although the fund’s interests are represented on public blockchains, participation will remain restricted. Investors must qualify as accredited investors or qualified purchasers and complete Securitize’s onboarding process, including know-your-customer and anti-money laundering checks.
Access will also depend on an investor’s jurisdiction and applicable securities laws. As a result, the tokens will not be freely available to every wallet user in the same way as an unrestricted cryptocurrency.
Carlos Domingo, co-founder and CEO of Securitize, said the fund places Neuberger’s fixed-income capabilities on public blockchains through the company’s regulated infrastructure.
“Launching HINC across Avalanche, Ethereum, Solana and Sui gives eligible investors access through four leading blockchain network.”
Neuberger’s role is limited to serving as the fund’s subadvisor, while Securitize’s entities retain the other advisory, distribution, and administrative duties outlined in the announcement.
For Neuberger, HINC represents its first role as subadvisor to a tokenized fund. The asset manager will apply its research and portfolio-management process to the underlying fixed-income investments rather than manage the blockchain infrastructure.
Neuberger will manage the underlying fixed-income portfolio Neuberger manages approximately $613 billion across equities, fixed income, private markets, real estate, and hedge fund portfolios, based on company data as of June 30. Its fixed-income platform accounts for more than $230 billion of that total.
Anil Abraham, Neuberger’s head of product management, said the firm has developed its fixed-income operation through several market cycles using research-led and diversified strategies.
“We are pleased to work with Securitize to extend our process-driven, actively managed approach to qualified investors looking to access fixed income strategies on-chain,” Abraham said.
Tokenization changes how investors hold and transact in fund interests, but the announced investment mandate remains centered on conventional credit instruments. High-yield bonds generally refer to corporate debt carrying ratings below investment grade, while leveraged loans are commonly issued by companies with elevated debt levels.
Collateralized loan obligations, another permitted part of HINC’s portfolio, pool corporate loans and divide their cash flows among different groups of investors. The announcement did not state how much of HINC would be allocated to bonds, CLOs, or leveraged loans.
A comparable institutional product entered the market in July when Centrifuge and New York Life Investment Management introduced a tokenized U.S. high-yield corporate bond strategy. According to a report on NYLIM’s fund, subscriptions and redemptions for the HYB product settle in USDC, while NYLIM retains responsibility for portfolio management and risk controls.
Unlike that single-chain arrangement, Securitize has chosen four networks for HINC at launch. The release did not specify whether subscriptions and redemptions would settle in dollars, stablecoins or both.
Securitize expands its tokenized fund lineup Securitize reported more than $4 billion in assets on its tokenization platform as of April. The company also works with asset managers including Apollo, BlackRock, BNY, Hamilton Lane, KKR, and VanEck.
Earlier in August, BlackRock launched two tokenized funds holding cash, short-term U.S. government debt, and Treasury-backed repurchase agreements. Securitize acts as a transfer agent and tokenization provider for the products, according to the coverage of the funds.
HINC differs from cash and Treasury products because it takes exposure to lower-rated corporate debt and other credit assets. The fund’s return profile and risk will therefore depend on the performance of its underlying portfolio rather than the blockchain used to record ownership.
Recent figures also point to rising use of blockchains for conventional financial assets. A May report based on InvestaX data placed the tokenized RWA market excluding stablecoins at about $29 billion at the end of March, following approximately 30% growth during the first quarter.
Alongside third-party funds, Securitize placed its own publicly traded shares on Solana and Avalanche when the company began trading on the New York Stock Exchange in July. The tokenized SECZ shares represent the same common stock as the exchange-listed securities rather than a separate share class, crypto.news reported at the time.
U.S. access remains subject to securities requirements In the United States, Securitize Markets operates as a broker-dealer registered with the Securities and Exchange Commission and runs an alternative trading system. Securitize Transfer Agent is also registered with the SEC, while Securitize Capital operates as an exempt reporting adviser, according to the company.
Those entities divide the responsibilities connected to HINC. Securitize Capital advises the fund, Securitize Markets offers its interests, and affiliated businesses provide tokenization and administrative services.
The fund’s availability to accredited investors and qualified purchasers places eligibility checks before blockchain access. Prospective investors must also pass KYC and AML screening and meet any restrictions tied to where they live.
Outside the United States, Securitize operates through Securitize Europe Brokerage and Markets, an authorized investment firm that runs a trading and settlement system under the European Union’s DLT Pilot Regime.
Founded in 1939, Neuberger remains privately held and employee-owned, with no corporate parent or unaffiliated external shareholders. The investment manager employs about 3,000 people across 26 countries and manages portfolios for institutions, financial advisers, and individual clients.
Bitcoin trades above $64,000 as spot Bitcoin ETFs returned to net inflows on Monday.
Notable Statistics:
Coinglass data shows 64,687 traders were liquidated in the past 24 hours for $242.91 million. SoSoValue data shows net inflows of $297.6 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $30.85 million. In the past 24 hours, top gainers include Venice Token, Bitway and POL. Notable Developments:
Bitcoin Needs to Stay Above $63,000 for Fresh Upside: 10x ResearchBitcoin Will Bottom Against Stocks Within 4 to 12 Weeks, Analyst ForecastsMSTR CEO Calls MSCI’s Index Proposal ‘Ill-Advised,’ Says Bitcoin Is an Operating AssetCLARITY Act ‘Far From Dead,’ Analyst Argues Ahead of Trump-Attended Crypto MeetingTom Lee Says ETH’s First Breakout Since October 2025 ‘Would Be Good to See’XRP Whale Activity Surges 280% but Price Remains Around $1: What’s Going On?Trader Notes:
Crypto trader Jelle argued Bitcoin appears to be in the late stages of its bear market, with spot exchange volume at its lowest since 2019, more than half of supply underwater and exchange inflows slowing.
Seller Exhaustion and MVRV-Z metrics are also approaching historical bottom levels, suggesting a potential accumulation opportunity.
CryptosBatman explained Bitcoin has historically seen major trend shifts around U.S. midterm election years, making the 2026 vote a key window to watch.
With November approaching, the trader expects BTC’s price action to become particularly significant. The previous cycles have produced major repricing.
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Trader KillaXBT noted Bitcoin has consolidated above $61,000 for nearly two months, yet traders remain heavily focused on a potential drop toward $50,000.
The trader cautions against repeatedly lowering downside targets simply to fit a bearish bias, arguing that price action, not expectations, should dictate positioning.
Image: Shutterstock
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Compliance-focused, non-custodial swap connects Canton, Robinhood Chain, Solana, and Ethereum; named a Featured App on the Canton Network
, /PRNewswire/ -- Interstice Digital today announced the launch of the Cross-Chain Swap Engine in partnership with FalconX, a leading digital asset prime brokerage. The non-custodial swap engine connects Solana, Robinhood Chain, and Ethereum to the Canton Network — the only public, permissionless blockchain purpose-built for capital markets. The non-custodial swap engine has also been named a Featured App on Canton.
The Interstice Digital cross-chain swap engine opens a direct path between Canton's institutional-grade market infrastructure and the largest pools of retail liquidity in digital assets:
Robinhood reached 100 million transactions faster than any other EVM network and now serves 28 million funded accounts with $369 billion in total platform assets. Solana recorded 167 million monthly active addresses in April 2026, an all-time high, and $650 billion in stablecoin transaction volume in February 2026, the highest monthly figure ever recorded on any blockchain. Ethereum remains the deepest developer ecosystem in the industry and the base layer underpinning Robinhood Chain itself. "We built the cross-chain swap engine to help connect Solana, Ethereum, and Robinhood Chain to the growing Canton ecosystem where over $9T in tokenized RWA flow monthly" says Janine Yorio, CEO of Interstice Digital.
"As institutional demand for digital assets grows, the firms that win will be the ones who can move capital across ecosystems without friction. The cross-chain swap engine we've developed with Interstice Digital is exactly the kind of infrastructure this market needs," says Hassan Bassiri, Head of Trading Strategy at FalconX.
Built with Leading Infrastructure Partners
The Cross-Chain Swap Engine is powered by established blockchain infrastructure and compliance providers including Trulioo, TRM Labs, CertiK, Canton Strategic Holdings and MPCH.
For more information, visit www.intersticedigital.io
Interstice Digital provides non-custodial infrastructure only. Quotes are provided independently by counterparties and Interstice does not take custody of assets or execute transactions on behalf of users.
About Interstice Digital
Interstice Digital is a U.S.-based digital asset infrastructure company building compliant payment and settlement solutions for compliance-minded organizations. Interstice Digital is a wholly owned subsidiary of Everyrealm Inc., backed by a16z Crypto, Coinbase Ventures, Lightspeed, Galaxy, Brevan Howard, and Liberty City Ventures. For more information, visit intersticedigital.io.
About FalconX
FalconX is a leading digital asset prime brokerage for the world's top institutions. We provide comprehensive access to global digital asset liquidity and a full range of trading services. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock. FalconX Bravo, Inc., a FalconX affiliate, was the first CFTC-registered swap dealer focused on cryptocurrency derivatives.
"FalconX" is a marketing name for the FalconX Group and its affiliates. Availability of products and services is subject to jurisdictional limitations and FalconX entity capabilities. For more information about which legal entities offer particular products and services, please see the disclosure on our public website, incorporated herein, or reach out to your relationship contact.
Neuberger teams with Securitize on multi-chain tokenized fixed-income fund launch Latest NewsPublishedAug 18, 2026
The $613 billion asset manager will subadvise a high-yield fund tokenized across Ethereum, Solana, Avalanche and Sui.
Asset manager Neuberger has launched its first tokenized fixed-income fund through Securitize, offering an actively managed high-yield strategy across four blockchains, Ethereum (ETH), Solana (SOL), Avalanche (AVAX) and Sui (SUI).
The Neuberger Securitize High Income Tokenized Fund (HINC) will invest primarily in high-yield bonds, with additional exposure to collateralized loan obligations and leveraged loans, according to an announcement Tuesday.
The launch comes as investors are demanding higher yields amid heated competition for corporate and government funding.
“The previous market regime rewarded investors for assuming that capital would remain cheap and plentiful,” Saxo chief investment strategist Charu Chanana said in a Tuesday client note. “The emerging regime may reward investors for recognising that capital has a price again.”
The new fund is available to qualified investors, with Securitize providing the infrastructure to issue and manage tokenized shares across the four blockchain networks.
Neuberger will serve as subadvisor to a tokenized fund for the first time. Its fixed-income platform manages more than $230 billion in assets, while the firm manages about $613 billion overall.
Securitize has about $4.96 billion in distributed asset value across 26 tokenized real-world assets, according to RWA.xyz data. Its products include BlackRock’s $2.7 billion BUIDL fund, a $355 million tokenized AAA CLO fund and a $95 million Apollo diversified credit fund.
The company’s shares rose around 5% in Tuesday morning trading, giving the company a market capitalization of about $838 million. Despite the gain, the stock remains down more than 50% from levels reached shortly after its public debut in July.
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Bitcoin’s volatility falls to a cycle low, as traders shift to AI stocks and prediction markets.
Bitcoin’s recent volatility has dropped to multi-year lows, with its 30-day realized volatility standing at around 42%, compared to the S&P 500’s roughly 18% — marking the narrowest gap in volatility between the two assets on record. The market is stuck in a stalemate between buyers and sellers: sell-offs by corporates and mining firms cap upside gains, while deleveraging and ongoing accumulation by long-term holders limit downside declines. As Bitcoin’s volatility eases, some short-term traders have shifted their risk appetite to assets like AI stocks, tokenized equities, stock perpetuals, and prediction markets. A NYDIG study notes that short-term traders tend to chase volatility, narrative momentum, and upside potential, with “traders targeting 5x or 10x returns” now having options including Bitcoin, Nvidia, gold, stock perpetuals, 0DTE options, and sports event contracts. Data shows that monthly trading volume of traditional asset perpetuals on crypto platforms has surged more than fivefold from $52 billion in January to $268 billion in June. Meanwhile, South Korean retail traders have clearly shifted from cryptocurrencies to AI-related stocks, with trading volumes on major South Korean crypto exchanges falling by up to around 80% year-over-year. CoinDesk points out that the Bitcoin market is currently more like in a “dormant” state, with falling trading participation, shrinking market depth, and regulatory uncertainty combining to suppress volatility. If U.S. crypto regulation makes substantial progress, the macro environment shifts, or a new market narrative emerges, the current low-volatility regime could be broken, and thinner liquidity may further amplify price swings.
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NVIDIA: Multi-GPU UMAP can process 870GB of vector data in 8 minutes, achieving a maximum speedup of 74 times.
NVIDIA has released a technical blog announcing that its cuML and cuVS libraries now support multi-GPU UMAP functionality, enabling distributed execution of dimensionality reduction for large-scale vector data across multiple GPUs—significantly cutting runtime while preserving embedding quality. NVIDIA noted that during tests on the MIRACL dataset (containing 106 million vectors, totaling ~870GB) run on a DGX system equipped with 8 H100 GPUs, cuML’s multi-GPU UMAP completed end-to-end processing in just 8 minutes, delivering up to 74x speedups over projected CPU-based implementations. Prior CPU-based solutions failed to process the full dataset even with 2TB of memory. The approach works by partitioning data into multiple clusters, building local k-nearest neighbor (kNN) graphs in parallel across different GPUs, then merging these into a global graph, thereby overcoming the memory constraints of a single GPU. NVIDIA added that this technology can reduce hundreds-of-GB UMAP tasks that previously took hours or even days to process down to just minutes.
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Market News: Anthropic Plans to Raise Over $10 Billion in Credit Lines Ahead of Its IPO
Market sources say Anthropic is asking lead banks to provide around $1.25 billion each in loans, while other major participating banks are expected to contribute roughly $1 billion apiece. Separately, reports indicate the credit line Anthropic aims to raise ahead of its IPO could exceed its $10 billion target.
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Axios reporter: The White House will host a tech leaders event with Trump tomorrow, and prediction market firms have not been invited.
According to Axios reporter Alex Isenstadt, the White House plans to co-host an event with President Trump tomorrow, with several tech industry leaders in attendance. White House sources noted that prediction market firms have not been invited to the event and will not participate. BlockBeats previously reported that on August 15, insiders disclosed that U.S. President Trump is expected to attend a crypto industry innovation conference at the White House next week, where he will hold discussions with executives from multiple crypto firms, as well as heads of prediction market and AI companies. Attendees of the conference include leaders from firms such as Coinbase, Ripple, Gemini, Robinhood, Polymarket, and Kalshi. All these executives are members of the newly established Innovation Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC). Sources said the conference is scheduled to take place at the Eisenhower Executive Office Building adjacent to the White House, aiming to hold policy dialogues around innovative fields including U.S. fintech, crypto assets, prediction markets, and artificial intelligence. CFTC Chairman Mike Selig and other government advisors are also expected to attend, while Treasury Secretary Bessent and Commerce Secretary Lutnick may be present.
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CASHCAT drops 30% following its listing on Robinhood, with one trader holding on despite an unrealized loss of $412,000 and has not sold yet.
According to Arkham's monitoring, trader 0x4B1 purchased CASHCAT tokens worth approximately $1.29 million when the asset launched on Robinhood, acquiring around 0.85% of its total supply at an average market cap of roughly $150 million at the time of purchase. After CASHCAT listed on Robinhood, its price dropped by about 30%, leaving the trader with an unrealized loss of roughly $412,000. However, on-chain data shows the trader has not sold any of the tokens to date.
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US media: Tesla’s Cybercab will be launched this month in Austin, but doubts remain over the safety of its autonomous driving.
Tesla plans to publicly unveil its Cybercab, a driverless taxi, in Austin, Texas, U.S. as early as this month. The vehicle features a steering-wheel and pedal-free design, with Tesla employees already testing the fully driverless version on private roads within the company’s campus. Reports note that Cybercab runs on Tesla’s FSD (Full Self-Driving) software, though its autonomous driving capabilities and safety remain under scrutiny. The U.S. National Highway Traffic Safety Administration (NHTSA) is still investigating Tesla’s FSD for traffic rule compliance issues, while existing Robotaxi services in some markets still have human safety drivers on board. Cybercab is designed to operate without in-vehicle personnel intervention; Tesla plans to use remote operators to handle emergencies and has started integrating Starlink connectivity into the vehicles. Data scale is another concern. Tesla stated in July that it needs to accumulate dedicated driving data for Cybercab. To date, Tesla’s unsupervised Robotaxis have logged around 380,000 miles across six cities, while Waymo has completed over 220 million miles of fully autonomous driving on public roads since 2020. Additionally, Cybercab’s lack of traditional driving controls may face restrictions under U.S. federal vehicle safety regulations. It remains unclear whether Tesla is seeking regulatory exemptions, according to reports. The Verge points out that as Cybercab’s launch approaches, there remains significant uncertainty regarding the autonomous driving safety and regulatory approvals required for its commercial operation.
Cash App is expanding its crypto offering through a new integration with MoonPay. Eligible U.S. users can use Cash App balances to buy assets including Ethereum, Solana, XRP, and USDT. The integration also allows users to fund supported wallets such as MetaMask, Trust Wallet, Ledger, BitPay, and Uniswap. Cash App previously focused mainly on Bitcoin before adding USDC support earlier in 2026. The MoonPay partnership lets Block offer broader crypto access without building separate infrastructure for each digital asset. Cash App is expanding its cryptocurrency access through a new MoonPay integration. Eligible users in the United States can now use their Cash App balances to buy more digital assets beyond Bitcoin and USDC.
The service gives users access to assets available through MoonPay, including ether, Solana, XRP and USDT. The move also connects Cash App balances with several external crypto wallets and services.
The partnership marks the first time the service has opened access to multiple cryptocurrencies through an outside crypto payments provider. It expands payment options for customers.
Cash App Opens Access to More Crypto Cash App users can fund purchases on MoonPay directly from their available balances. The supported wallet options include Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap, among other services.
The mobile payment platform has more than 50 million users. Until recently, its crypto service mainly focused on Bitcoin before adding support for USDC earlier in 2026.
MoonPay Handles Wider Asset Support The MoonPay deal allows Block to offer access to more cryptocurrencies without building separate systems for each asset. MoonPay already supports a wide range of tokens and wallet connections.
Block can therefore keep bitcoin at the center of its digital asset strategy while giving customers more payment choices. The company can also rely on MoonPay for the technical links needed for broader crypto purchases.
Jack Dorsey has long supported bitcoin and has expressed doubts about stablecoins. However, he said customers wanted stablecoin access, which influenced Cash App’s decision to support USDC.
Morgan Kuntze, Block’s global partnerships lead, said the company wants to give customers choice and flexibility in how they pay. The MoonPay integration now extends that approach to several major cryptocurrencies while keeping Cash App as the funding source.
