The Ethereum Economic Zone was just a vision in March. Today, Gnosis Chain has moved to become the first implementer.
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Earlier this year, the introduction of the Ethereum Economic Zone (EEZ) vision catalyzed plenty of optimism. Through ambition and determination, the Ethereum community can tackle its UX thorns.
However, upon its announcement the EEZ was only that, a vision. Fast forward to today, though, and this idea has come much further into focus.
GIP-153 is live: the proposal for Gnosis Chain to become the first instance of the @etheconomiczone.
What it proposes:
> Gnosis Chain re-based onto Ethereum. Same chain, same addresses, xDAI stays the gas token
> Every mainnet asset, pool and oracle one atomic call away, and… pic.twitter.com/VeYdzfJcru
— Gnosis Chain (@gnosischain) August 12, 2026 Today the Gnosis community began voting on GIP-153, a proposal to change the strategic direction of Gnosis Chain that, if passed, would greenlight design work to recenter the network from a standalone Layer 1 into the inaugural instance of the EEZ.
If you missed the news back in March, the EEZ is a Gnosis and ZisK-led effort, funded by the Ethereum Foundation as shared public infra, aimed at giving Ethereum L1 and its rollups synchronous composability: the ability for a contract on one chain to call a contract on another and get a result back in the same atomic transaction without bridging.
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The grand idea is that if this architecture is brought to fruition, then Ethereum's whole ecosystem can have UX that feels like using a single chain again, just like in the days before Layer 2s. And this advance could be pulled off without Ethereum itself needing to make any protocol-level changes. Beyond the technical work needed here, though, you also need chains to commit to joining the EEZ.
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We haven't seen such commitment intrigues yet until today with the official opening of GIP-153, which specifically asks GnosisDAO to align on transitioning Gnosis Chain directly onto Ethereum as a ZK-proven EEZ rollup.
Notably, this transition wouldn't entail a literal migration to some new chain, as addresses, balances, and the xDAI gas token would stay exactly as they are now. What would happen is the sunsetting of Gnosis Chain's validator, shifting the responsibilities entirely to Ethereum's validators. GnosisDAO's treasury-funded staking subsidy would end too, replaced by a fee-capture model tied to network usage.
The rollout would be phased, as well. The first deployment could be out as early as December 2026 and would aim to provide "80% of the synchronous-composability unlock for around 40-50% of the total engineering effort," with the full finished release prepared throughout next year.
Again, this is the first real EEZ greenlighting effort the Ethereum community has seen, and it won't be the last. Future EEZ adopters will likely follow the same playbook Gnosis has modeled here, i.e. public debate, formal proposal, Snapshot vote, and then implementation work. At the time of writing, the GIP-153 vote was sitting around 98% in favor, though quorum is still early (9% of the threshold) and the vote will be open through August 19th.
Thus it seems the promise of the EEZ is now a little closer within reach. If passed, one could hold a position on a Gnosis lending market before closing it out directly into a stablecoin sitting on Ethereum mainnet, all without ever bridging or touching a second wallet. The reverse works too: funds that only ever existed on Ethereum could open or fund something on Gnosis in the same atomic step.
Of course, it's worth keeping in mind that GIP-153 is an alignment vote, so if it passes, Gnosis's engineering team still has to chart the path forward, including how sequencer decentralization gets handled and other related technical issues. But even with these sorts of outstanding matters, GIP-153 is a milestone that suggests the EEZ will, in fact, become more than just a theoretical roadmap. Now, let's see what other chains might decide to follow suit next.
Ethereum, fiyatındaki zayıf seyre rağmen staking tarafında güçlü bir ilgi görmeye devam ediyor. Toplam stake edilen ETH miktarı 2026’nın başında yaklaşık 36 milyon seviyesindeyken 41,9 milyon ETH ile tüm zamanların en yüksek seviyesine ulaştı. Bu artış, Ethereum 1.800 dolar bölgesine kadar gerilerken bile yatırımcıların ETH’lerini getiri elde etmek amacıyla kilitlemeye devam ettiğini gösteriyor.
Staking’e yönelen arz, piyasada doğrudan işlem görebilen ETH miktarını da azaltıyor. Böylece kripto para piyasasında talebin ilerleyen dönemde yeniden güçlenmesi halinde daha düşük likit arz, Ethereum fiyatı açısından kıtlık etkisi oluşturabilir.
Ethereum Staking Neden Rekor Seviyeye Ulaştı? Ethereum staking girişleri son dönemde devam etse de önceki dönemlerde görülen kadar agresif bir birikim yaşanmıyor. Son kaydedilen giriş yaklaşık 28.700 ETH olurken, geçmişte 200 bin ETH’nin üzerine çıkan güçlü girişler gerçekleşmişti.
Buna rağmen toplam stake miktarının yaklaşık üçte bire ulaşması dikkat çekiyor. Arzın yaklaşık yüzde 33’ünün staking sözleşmelerinde kilitli olması, ETH’nin piyasadaki likiditesini sınırlandırabilir. Özellikle Ethereum talebinin yeniden yükselmesi durumunda bu durum, piyasadaki kullanılabilir arzın azalması nedeniyle fiyat üzerinde destekleyici bir faktöre dönüşebilir.
Dolayısıyla mevcut tablo, ETH fiyatı zayıf olsa bile yatırımcıların uzun vadeli getiri beklentisiyle varlıklarını ağda tutmaya devam ettiğini ortaya koyuyor.
EIP-8363 Ethereum Ödüllerini Nasıl Değiştirecek? Ethereum ekosisteminde staking oranının yaklaşık yüzde 33’e ulaşması, yeni bir teklifin önemini artırıyor. “Tapered Issuance Burn” olarak adlandırılan EIP-8363, staking oranındaki yükselişe bağlı olarak doğrulayıcı ödüllerinin azaltılmasını hedefliyor.
Teklif kapsamında ağda staking yapanların oranı yükseldikçe validator ödülleri kademeli olarak düşecek. Mevcut yaklaşık yüzde 33’lük staking oranında yıllık ETH ihracının mevcut ödül eğrisinin altında bir seviyeye gerilemesi ve zamanla yüzde 0,8’in altına yaklaşması planlanıyor.
Staking oranının yüzde 50’ye yaklaşması halinde ise yıllık yeni ETH ihracının sıfıra kadar gerilemesi öngörülüyor. Bu mekanizma, Ethereum arzının seyrelmesini sınırlarken daha fazla ETH’yi staking’e kilitleme teşvikini de azaltabilir.
EIP-8363 ETH Yatırımcılarını Nasıl Etkileyebilir? Ödüllerin düşmesi, staking yapan kullanıcıların elde ettiği getiriyi azaltacağı için Ethereum ekosistemindeki bazı yatırım stratejilerini doğrudan etkileyebilir. Özellikle kurumsal yatırımcıların likit staking ürünlerine olan ilgisi, daha düşük getiriler nedeniyle zayıflayabilir.
Bu durum, Ethereum’un staking ekonomisinin büyümesini yavaşlatabilecek bir unsur olarak öne çıkıyor. Öte yandan daha düşük ihraç oranı, staking yapmayan ETH sahiplerinin arz seyrelmesiyle karşılaşma riskini azaltabilir.
Yani EIP-8363, bir taraftan yeni ETH arzını kontrol altına almayı hedeflerken diğer taraftan staking getirilerini düşürerek ekosistemdeki ekonomik teşvikleri değiştirebilir.
BitMine İçin Staking Geliri Neden Önemli? Teklifin olası etkileri, büyük kurumsal ETH sahipleri açısından daha belirgin hale geliyor. Ethereum’un en büyük dijital varlık hazinesi (DAT) olarak belirtilen BitMine, son olarak 7.391 ETH daha satın alarak toplam varlığını 5,81 milyon ETH’ye çıkardı.
Şirket bu varlıkların 5,07 milyon ETH’lik bölümünü staking’e yönlendirmiş durumda. Bu da toplam ETH varlığının en az yüzde 87’sinin kilitli olduğu anlamına geliyor. Mevcut ödül oranları üzerinden BitMine’ın yıllık yaklaşık 257 milyon dolar staking geliri elde edebileceği hesaplanıyor.
Ancak staking oranının artmasıyla EIP-8363 kapsamında getirilerin düşmesi, şirketin yıllık düzenli gelirini de azaltabilir. Bu durum doğrudan ETH satışı anlamına gelmese de kurumların büyük miktarlardaki varlıklarını staking’de tutma motivasyonunu zayıflatabilir.
Alternatif getirilerin daha cazip hale gelmesi halinde sermayenin DeFi uygulamalarına yönelmesi veya likit kalmayı tercih etmesi mümkün.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
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Ethereum is currently trading around the $1.8K mark. ETH’s longer-term momentum is controlled by sellers. The short entry of the largest altcoin, Ethereum (ETH), is at $1,900.12, closed at $1,871.93, banking +1,465.72 USDT. Analysing the setup, once the asset lost structure, the sellers would step in, and the price is flushed directly into the support zone. Entry, target, and invalidation were all mapped before the move began.
On the other hand, ETH hit an all-time high of $4,953.73 in August 2025, one year ago. At $1.8K today, it is sitting 61.93% below that peak. That gap between where it was and where it trades now is either the market’s biggest overhang or its most compelling long-term setup, depending on the timeframe.
Ethereum price is currently hovering within the $1,886 range, with a market cap of $227.59 billion. Moreover, the asset’s daily trading volume is positioned at $8.08 billion. The session ranged between a low of $1,852 and a high of $1,895. Also, the ETH market has seen $33.88 million in 24-hour liquidations.
Looking at the ETH Chart for the Direction Ahead If the bullish momentum of ETH gains traction, the price might move upward to the $1,898 resistance range. Another steady and sturdy push on the upside could likely pressure the momentum and trigger the golden cross to emerge, letting the asset trade above the $1,911 zone.
On the flip side, assuming the Ethereum bears entered the market, it might initiate a downside movement, with the nearest support level at around $1,874. Upon further breakdown, the death cross would take place and drive the altcoin price toward $1,861 or even lower.
Zooming in at the 4-hour technical chart, ETH’s Moving Average Convergence Divergence (MACD) line is found below the signal line, and the short-term selling is moving faster than the average trend rate. As both lines are below zero, the broader market is firmly in a downtrend.
The longer-term momentum is entirely controlled by sellers. There is no conflict; both short-term and long-term momentum are aligned in driving the price lower. The path of least resistance is firmly down, making buying or going long risky until a reversal crossover forms.
Besides, Ethereum’s daily Relative Strength Index (RSI) reading at 48.21 indicates a neutral market with a slight bearish tilt. It is showing a balanced tug-of-war between the buyers and the sellers as it sits near the 50 midline. The price is practically at equilibrium; neither buyers nor sellers have strong momentum.
With the short-term selling pressure, it is marginally stronger than buying pressure, but not enough to drive a strong downward trend. The market is consolidating sideways before establishing a major directional move. Traders wait for a break above 50 for a bullish signal or drop below 40 for accelerating bearish momentum.
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A prominent trader notes that the Clarity Act will play the same role crypto ETFs served in the last cycle, and Bitcoin could bottom out and rally ahead of the bill’s passage.
Prominent trader Killa posted that during the last bull run, Bitcoin began recovering from lows ahead of ETF rumors and formal approval, emphasizing markets typically price in positive news in advance. This cycle could follow a similar pattern: the current "Clarity Act" (Regulatory Clarity Act) is shaping a new narrative. "If it indeed acts as a catalyst, it will likely mark the start of BTC’s first meaningful rally phase since the recovery from the prior bear market, and its approval will soon push Bitcoin to a new all-time high (ATH)—just like the ETF approval did," Killa noted. A BTC-focused quantitative trader, Killa correctly predicted the peak of this bull run in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then switched to a long position during the broad market sell-off on June 5.
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US stocks opened higher on the back of moderate inflation data, with storage, semiconductors, optical communications, and Neocloud rallying across the board.
US stocks opened higher today amid mild inflation data, per Bitget market data. The Dow Jones Industrial Average rose 0.33%, the S&P 500 gained 0.49%, and the Nasdaq climbed 0.9%. In terms of individual stocks, BIT (bit.com) market data shows that stocks in the storage, semiconductor, optical communication, and neocloud sectors rallied broadly. SanDisk advanced 6.9%, SK Hynix rose 5.8%, and Micron Technology gained 5.5%. For neocloud stocks, CRWV jumped 22%, NBIS climbed 15.21%, and IREN rose 10%. Meanwhile, optical communication-related stocks saw LITE surge 9.88%, GLW add 5.64%, AAOI advance 4.71%, and MRVL rise 6%.
Ethereum son 24 saatte %2’nin üzerinde gerileyerek 1.875 dolar civarına çekildi. Buna rağmen piyasada beklenen 1.475 dolarlık sert düşüş senaryosu tartışmalı hale geliyor. Piyasa yorumcusu Nonzee’ye göre asıl düzeltme haziran ve temmuz aylarında yaşandı ve Ethereum’un sıradaki geri çekilmesi daha yüksek bir dip oluşturabilir.
Ethereum İçin 1.475 Dolar Senaryosu Neden Tartışılıyor? Ethereum, haziran ve temmuz aylarında işlem aralığının altına iki kez sarktı ve her iki hareketin ardından birkaç gün içinde toparlandı. Nonzee, bu hareketlerin ana satış sürecinin bir parçası olduğunu ve yeni bir sert düşüş ihtimalini azalttığını düşünüyor.
Analiste göre Ethereum’un ekim ayında yaklaşık 1.537 dolara gerilemesi mümkün. Ancak bu hareketin yeni bir dip yerine önceki seviyenin yeniden test edilmesi ve daha yüksek bir dip oluşturması bekleniyor.
Bu senayoda piyasada uzun süredir beklenen 1.475 dolarlık seviyeye hiç inilmemesi mümkün.
Ethereum İçin Sıradaki Hedefler Neler? Nonzee’nin senaryosuna göre ETH, olası ekim düzeltmesinin ardından 2.203 doların üzerine çıkabilir ve 2.872 dolar seviyesindeki aralığın üst sınırını test edebilir.
Analistin 2027 hedefi 4.500 dolar seviyesinde bulunuyor. Daha geniş ölçümlerde ise 4.500-4.700 dolar aralığı öne çıkıyor.
1.537 dolar seviyesindeki olası düzeltme, piyasada beklenen 1.475 doların yaklaşık %4 üzerinde kalıyor.
Ethereum İçin 1.510 Dolar Neden Kritik? Crypto Patel de Ethereum’un uzun vadeli grafiğinde yükseliş yönlü bir yapı oluştuğunu savunuyor. Analiste göre ETH, daha önce birkaç kez aşmakta zorlandığı uzun vadeli düşüş trend çizgisinin üzerine çıktı ve bu seviyenin üzerinde konsolide oluyor.
Bu yapının korunması için günlük kapanışlarda 1.510 dolar seviyesi kritik görülüyor.
Crypto Patel’in yukarı yönlü hedefleri 2.400, 3.000, 3.600, 4.200 ve 5.000 dolar seviyelerinde bulunuyor. Daha uzun vadeli yol haritasında ise 1.000-1.600 dolar aralığı birikim bölgesi olarak gösterilirken, sonraki hedefler 10.000 ve 20.000 dolar olarak sıralanıyor.
Bitmine Ethereum Almaya Devam Ediyor Ethereum tarafındaki kurumsal ilginin bir göstergesi olarak Bitmine’ın ETH alımları da takip ediliyor.
Şirket son işleminde 7.391 ETH daha satın alarak toplam varlığını 5,8 milyon ETH’nin üzerine çıkardı. Bu varlıkların toplam değeri yaklaşık 11,2 milyar dolar seviyesinde.
Ancak alım hızı önceki işlemlere göre yavaşladı. Şirket daha önce tek seferde 27 bin ve 42 bin ETH’nin üzerinde alım yapmıştı.
Ethereum ETF’lerinde Para Çıkışı Başladı Kurumsal tarafta ise tablo tamamen olumlu değil.
ABD’deki spot Ethereum ETF’leri son işlem gününde 14,59 milyon dolarlık net çıkış kaydetti. Böylece dört günlük giriş serisi sona erdi.
Buna rağmen ETF’ler ağustos ayının başından bu yana toplam yaklaşık 230 milyon dolarlık net yatırım çekti.
Şu aşamada 1.475 dolar için kesinleşmiş bir düşüş senaryosu bulunmuyor. Nonzee, ekim ayında 1.537 dolara kadar bir geri çekilme beklerken bunun yeni bir dip yerine daha yüksek bir taban oluşturabileceğini düşünüyor.
Kısa vadede 1.510 dolar desteği, yukarıda ise 2.203 dolar ve 2.872 dolar seviyeleri öne çıkıyor. ETF akışları ve Bitmine’ın alımları da Ethereum’un yönü açısından izlenecek diğer göstergeler arasında yer alıyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
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TLDRSharplink’s Ethereum Holdings Keep GrowingBuybacks and New Yield FundGet 3 Free Stock Ebooks Sharplink posted a $394.3 million net loss for the second quarter, driven by falling ether prices. Staking income reached $11.2 million, a sharp jump from the prior year. The company booked $321 million in unrealized losses and $76.1 million in impairments on its crypto holdings. Sharplink held 888,938 ether by August 3, keeping its spot as the second largest publicly traded ether holder. After the quarter ended, Sharplink committed $100 million to a new onchain yield fund with Galaxy Digital. Sharplink Gaming reported a $394.3 million net loss for the second quarter of 2025. The loss came largely from falling ether prices.
The company holds one of the largest corporate ethereum treasuries. It continues to grow that position even as prices swing.
Sharplink brought in $11.5 million in revenue for the quarter. That is up sharply from $697,000 a year earlier.
Most of the revenue came from staking its ether holdings. Staking alone generated $11.2 million.
The net loss was driven by non-cash accounting charges. These charges do not affect the number of tokens the company owns.
Sharplink booked a $321 million unrealized loss on its crypto assets. This was tied to weaker ether prices during the quarter.
The company also recorded $76.1 million in impairments. These were linked to its LsETH and weETH liquid staking positions.
Under accounting rules, impairments lower the value of assets on paper. They cannot be reversed even if prices recover later.
Crypto assets were valued at about $1.4 billion at the end of the quarter. Cash and cash equivalents totaled $56.2 million.
Sharplink’s Ethereum Holdings Keep Growing Sharplink held about 886,881 ether and ether equivalents as of June 30. By August 3, that number grew to 888,938 ether.
The growth keeps Sharplink as the second largest publicly traded company holding ether. CEO Joseph Chalom said the company stayed active in treasury management and ethereum development during the quarter.
In June, Sharplink raised $75 million through a stock and warrant offering. The offering was priced above the company’s net asset value.
Part of that money went toward buying about 10,000 more ether. The average purchase price was $1,611 per token.
Buybacks and New Yield Fund Sharplink also repurchased about 2.1 million shares for $10 million during the quarter. Since starting buybacks in August 2025, the company has spent $41.7 million buying back more than 4 million shares.
After the quarter ended, Sharplink committed $100 million to a new fund called the Galaxy Sharplink Onchain Yield Fund. Galaxy Digital added another $25 million to the fund.
The fund plans to use onchain strategies to generate extra returns. It is meant to work alongside Sharplink’s existing ether holdings.
The quarter shows how tied Sharplink’s earnings are to ether prices. Staking income grew, but so did losses from market swings.
Ethereum traded at $1,887 early Monday, holding above a critical support area despite a cautious overall market tone. The 24-hour trading volume reached $8.05 billion, and the network’s market capitalization now stands at $227.73 billion.
Key support zone holds steadyTechnical analysts noted that ETH has maintained stability within a major buying zone, with $1,720 to $1,780 acting as a floor for recent price swings. Over the last day, the price movement remained relatively muted, though attention focused on potential breakouts and accumulation patterns.
Crypto analyst Nehal stated that ETH’s structure remains bullish as long as it holds this key support zone. A decisive move above $1,875 resistance could open the door for a rally toward $2,200, especially if trading volume accelerates in tandem.
ETH is holding the $1,720–$1,780 buying zone. If support holds and price breaks above $1,875, the path could lead to $2,200 or more.
If the price falls below the support band, traders warn that bearish momentum could build and recovery prospects would weaken for the short term.
Given that a single Federal Reserve decision or a rapid-fire altcoin listing can quickly shift crypto sentiment, market participants are emphasizing streamlined monitoring. Some traders have shifted to privacy-centric tools like CryptoAppsy, which allow real-time charting, smart alerts, curated news, and macro data from a single dashboard without requiring an account. This consolidation aims to ensure traders act swiftly on critical market changes and avoid delays that can prove costly.
Whale accumulates $170 million in ETHOn-chain data provider Lookonchain reported that a wallet tagged as “0x2d59” acquired another 50,000 ETH, valued at $93.6 million, and promptly staked those coins. This purchase comes just a week after the same wallet acquired 40,000 ETH worth $76.66 million, bringing its recent ETH accumulation total to $170 million.
Lookonchain highlighted that whale 0x2d59, who bought 40,000 ETH for $76.66 million recently, added 50,000 more ETH, staking the entire amount.
By sending the tokens to staking, the whale is signaling little interest in selling in the short term. Some traders view this as a show of strong confidence in Ethereum’s long-term technical outlook, even as Bitcoin trends downward and puts pressure on major altcoins.
Staking activity at record highsEthereum staking has set a new milestone, with 41.9 million ETH now locked, up from 36 million at the beginning of 2026. However, recent staking inflows have slowed, with the last week seeing about 28,700 new ETH compared to earlier surges that topped 200,000. Approximately one-third of all ETH is currently staked on the network.
Developers are now considering EIP-8363, the Tapered Issuance Burn proposal, which would gradually reduce staking rewards as the staked ratio increases. If adopted, annual ETH issuance would decline to 0.8% near present staking rates and approach zero should staking reach 50% of circulating supply.
Meanwhile, BitMine, the publicly listed company with the largest ETH balance, holds 5.81 million coins, staking 87% of its holdings. At current reward levels, BitMine’s annual income from staking approaches $257 million, but the company could see future revenues fall if EIP-8363 is implemented. BitMine has not announced any plans to sell its staked ETH.
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.
Fidelity has moved to add Ethereum staking and quarterly cash distributions to its $898 million Fidelity Ethereum Fund, with the trust allowed to stake as much as 100% of its ETH under normal conditions.
Summary
Fidelity plans to add Ethereum staking and quarterly cash payouts to its $898 million Fidelity Ethereum Fund. FETH could stake up to 100% of its ETH under normal conditions while keeping enough ether available for liquidity needs. The fund would retain 85% of gross staking rewards, with the remaining 15% going to the sponsor, custodians and node operators. Net staking rewards would first cover fund expenses before being distributed to shareholders in quarterly cash payments. The U.S. Securities and Exchange Commission filing submitted on Aug. 11 shows that Fidelity amended the fund’s registration statement to include staking, allowing FETH to earn rewards from ether already held by the trust. Fidelity plans to begin staking as soon as practicable after the prospectus takes effect.
Under the proposed structure, Fidelity would not have to stake a minimum amount of the fund’s ETH. While up to 100% could be committed to validators during normal conditions, some ether would remain available when needed for redemptions, fund expenses, distributions, and liquidity management.
The filing defines normal conditions as periods when Ethereum is operating without material disruption, redemption activity remains within expected ranges, and no extraordinary event requires Fidelity to hold additional ETH outside staking.
Fidelity Ethereum Fund could stake up to 100% of its ETH Once Fidelity decides how much ETH can be staked, the fund’s custodians would work with selected node operators to place the assets into Ethereum validators. The custodians would retain control of the private keys, while the node operators would handle the validator infrastructure needed to participate in Ethereum’s proof-of-stake network.
Fidelity named Blockdaemon, Figment and Galaxy Digital Trading Cayman as its intended node operators. Allocation among them would depend on factors including security practices, operating experience, technology and the concentration of the fund’s ETH with individual operators.
Staking rewards would be subject to a flat 15% fee shared among the sponsor, custodians and node operators. FETH would retain the other 85%, according to the filing. After those fees, rewards would first be used for sponsor fees or other trust expenses and liabilities, followed by quarterly shareholder distributions, redemption requirements and additional staking.
The arrangement differs from a staking model proposed by Morgan Stanley in June. As crypto.news reported at the time, Morgan Stanley amended its proposed Ethereum and Solana ETFs so that 95% of staking rewards would stay within the trusts, while staking providers and custodians would receive the remaining 5%.
Morgan Stanley’s filing also detailed some of the operational limits that can affect Ethereum ETF staking. As of May 18, roughly 3.64 million ETH were waiting in Ethereum’s validator activation queue, which the asset manager estimated could translate into a wait of about 63 days before newly deposited ETH began earning staking rewards.
Staking rewards would fund quarterly cash payouts For FETH shareholders, the staking income would eventually be converted from ETH into U.S. dollars. Fidelity said rewards would accumulate in ether until a record date is declared, after which a trading counterparty would sell the ETH available for distribution before the payment date.
Under normal conditions, the fund expects to make those cash distributions quarterly. The exact amount would depend on Ethereum staking yields, validator performance, network rules, fees, expenses, slashing events and other operating conditions, while Fidelity said distributions would not be guaranteed.
Fidelity could suspend a payout when the fund’s liabilities exceed the staking rewards it has received, with those rewards instead retained to cover the trust’s obligations. The sponsor would also set the record and payment dates under the exchange’s rules.
A similar cash payout structure has already been used by Grayscale. In January crypto.news reported that the Grayscale Ethereum Staking ETF distributed $0.083178 per share after earning staking rewards between Oct. 6 and Dec. 31, 2025. The payment totaled about $9.4 million.
Grayscale sold the staking rewards and distributed the proceeds as cash rather than paying investors in ETH. Its Ethereum products began staking in October 2025, with ETHE becoming the first U.S.-listed spot crypto ETP to distribute staking proceeds to shareholders.
BlackRock later chose to launch a separate product instead of adding staking to its existing spot Ethereum fund. Its iShares Staked Ethereum Trust ETF, ETHB, began trading in March and was designed to keep roughly 70% to 95% of its ETH staked through validators operated by Figment, Galaxy and Attestant. Earlier coverage showed that ETHB launched with roughly $100 million to $107 million in assets and generated about $15.5 million in first-day trading volume.
IRS rules cleared a tax path for ETF staking Fidelity’s proposed staking structure relies in part on U.S. tax guidance issued in November 2025. The Treasury Department and Internal Revenue Service introduced Revenue Procedure 2025-31, creating a safe harbor that allows qualifying investment trusts holding digital assets to participate in staking without jeopardizing their treatment as investment trusts and grantor trusts for federal income tax purposes.
The November 2025 guidance addressed a tax issue that had complicated efforts by fund issuers to add staking to products holding proof-of-stake assets such as ETH and SOL. Under the framework, qualifying trusts can earn staking rewards while maintaining their tax classification if they comply with the required conditions.
Fidelity said FETH intends to conduct its staking and liquidity operations in line with the IRS safe harbor. The fund’s investment objective would also be modified so that its performance tracks ether through the Fidelity Ethereum Reference Rate, adjusted for expenses and liabilities, plus an amount tied to staking rewards.
Staked ETH creates additional redemption risks Putting a large share of FETH’s ether into validators would leave part of the portfolio temporarily unavailable for transfers. Fidelity said exiting a validator and completing an Ethereum withdrawal can take about one day under some conditions but could extend to several weeks or months when validator queues or network demand are high.
To manage that risk, the trust would maintain assets that can be readily used for expected redemptions, expenses and distributions. Fidelity has also created a liquidity risk management program that includes daily monitoring of available assets and an annual review by its Fair Value and Liquidity Risk Management Committee.
Possible liquidity sources listed in the filing include credit arrangements, transfers of validator positions to third parties, delayed settlement agreements and, subject to regulatory restrictions, liquid staking tokens or other smart contract-based methods for accessing staked ETH. Fidelity said FETH had not entered into a line of credit as of the prospectus date.
When unstaked ETH is insufficient to complete a redemption on schedule, Fidelity could extend the settlement period while waiting for ether to exit validators. If an in-kind redemption still cannot be completed within a reasonable extended period, the sponsor could instead pay some or all of the redemption in cash based on the fund’s ETH index price on the applicable order date.
The filing also identifies slashing as a risk to the fund’s staked assets. Fidelity said validator failures, protocol errors, cybersecurity breaches involving custodians or node operators and operational failures during reward transfers could reduce the ETH retained by the trust.
A new report cited by Wu Blockchain informed that Fidelity, the entity behind the fourth-largest Ethereum ETF by AUM, plans to add staking and quarterly cash distributions to its FETH.
It added that the exchange-traded fund tracking the performance of the largest altcoin can stake up to 100% of its ETH holdings “under normal conditions.”
There will be no minimum requirement, but the fund will retain some ETH for redemptions, expenses, and other liquidity needs. It will retain 85% of gross staking rewards, and the remaining will be paid to the sponsor, custodians, and node operators.
The report further noted that net rewards will first cover fund expenses, with the remainder distributed quarterly in cash. It’s worth noting that the ETF may sell some Ether to fund distributions if necessary, the report concluded.
Fidelity’s move comes after BlackRock debuted a new staking Ethereum ETF called ETHB in March. The first-day trading volume was north of $15 million and opened with $100 million in assets. ETHB is currently the fifth-largest Ethereum ETF, with $577 million in net assets, according to SoSoValue.
Fidelity’s FETH is a spot above, holding nearly $900 million in net assets under management, while BlackRock’s main fund leads far ahead with $5.6 billion.
Earlier this year, Fidelity tapped Ethereum to launch its own stablecoin called Fidelity Digital Dollar (FIDD), which will be pegged 1:1 to the greenback and backed by reserves.
You may also like: Italy’s Biggest Bank Cuts IBIT Exposure by 94% While Buying More Staked Ethereum BTC vs ETH vs XRP: Which ETFs Attracted the Most Money on Monday? Fidelity Flags October and Bitcoin Bottom as ‘Yardstick’ Hits Historic Lows Tags:
About the author
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.
Fidelity Adds Staking to Its Ethereum ETFFidelity, one of the world's largest asset managers with more than $7 trillion in assets under management, is moving to formally implement staking and quarterly cash distributions for its spot $ETH ETF, the Fidelity Ethereum Fund (FETH).
According to CoinDesk, FETH, with $898 million in net assets, could stake as much as 100% of its ether under normal conditions, though Fidelity set no minimum, according to an amended registration statement.
According to an SEC filing, on August 7, the fund signed custodial services agreements with Anchorage Digital Bank NA and BitGo Bank and Trust, N.A. The fund's sponsor, FD Funds Management LLC, will use these custodians to facilitate the staking of the fund's ether through trusted node operators.
The fund will retain 85% of staking rewards, with the remainder distributed as fees among the sponsor, custodians, and node operators. The fund also plans to make quarterly cash distributions of net staking income to shareholders, which may involve selling staking rewards or a portion of its ether holdings.
A Broader Shift Across the Crypto ETF LandscapeThe structural change gives both institutional and individual investors a way to earn block-level staking rewards through a regulated brokerage channel, converting $ETH's yield-generating potential into periodic cash payouts. The shift follows an IRS safe harbor bulletin issued in November 2025 that lets qualifying crypto trusts stake assets without losing their grantor-trust tax status.
The move follows similar initiatives from Grayscale and 21Shares, while BlackRock launched a separate staking product. Grayscale's Ethereum Staking ETF made a distribution to shareholders in January 2026, marking the first time a spot crypto ETP in the U.S. distributed staking rewards to shareholders.
Fidelity's sponsor expects to begin staking activities as soon as the fund's registration statement becomes effective. With nearly $900 million in net assets already on the books, FETH's move into staking underscores the accelerating push among traditional asset managers to deepen the yield profile of their crypto products.
Sources:
CoinDesk: Fidelity moves to add staking, quarterly payouts to near $900 million ether ETF
Investing.com: Fidelity Ethereum Fund announces new custodial agreements and staking program
SEC Filing: Grayscale Ethereum Staking ETF first U.S. staking reward distribution
Cryptocurrency prices are largely consolidating, with Bitcoin (BTC) hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum (ETH) shows signs of recovery but remains below the $1,900 hurdle, while Ripple (XRP) hovers above the critical $1.00 support and is struggling to gain momentum.
Crypto sentiment lags ahead of CPI data releaseThe United States (US) Bureau of Labor Statistics (BLS) is expected to release the much-anticipated Consumer Price Index (CPI) report on Wednesday amid a cautious trading environment.
Market participants expect a small decline in consumer inflation and core inflation, with monthly CPI predicted to rise by 0.1%, against a backdrop of a 0.4% increase in June. Meanwhile, annual inflation is forecast to decline to 3.4% in July from 3.5% recorded the previous month.
Core CPI, excluding volatile food and energy components, is forecast to rise 0.2% monthly and 2.5% yearly, underscoring persistent inflationary pressures.
Crypto market sentiment is embedded in the Fear territory at 27 on Wednesday, down from 29 the day before, according to the Fear & Greed Index. This outlook indicates that risk appetite remains significantly subdued, capping the probability of a sustained recovery.
Crypto Fear & Greed Index | Source: AlternativeTechnical analysis: Bitcoin stays neutral amid unclear market directionBitcoin trades at $63,821, maintaining a capped tone as it sits beneath the 50-day Exponential Moving Average (EMA) at $64,584 and the 100-day EMA at $66,723. The pair still trades above the upward-sloping support trendline around $63,458 and finds additional underlying demand from the Parabolic SAR at $62,753, but bearish momentum dominates with the Moving Average Convergence Divergence (MACD) histogram in negative territory on the daily chart and the Relative Strength Index (RSI) hovering near 48, hinting that rallies could struggle while price remains under the clustered EMAs.
BTC/USDT daily chartImmediate support lies at the reclaimed trendline area near $63,458, followed by the Parabolic SAR level at $62,753, where buyers may attempt to arrest deeper pullbacks. On the topside, initial resistance is provided by the 50-day EMA at $64,584, ahead of the denser barrier at the 100-day EMA near $66,723. A sustained break above these would be needed to ease the current bearish bias, while the longer-term 200-day EMA at $73,129 marks a more distant hurdle for any medium-term recovery.
"Bitcoin has spent six straight months trading between $60,000 and $80,000, with activity fading amid prolonged consolidation and typical summer doldrums. Unlike the 2014, 2018, and 2022 bear markets, which saw steadily lower lows, BTC hit a 50% drawdown from its all-time high on February 5 and remains near that level as of August 11, reflecting apathy rather than a deteriorating trend," analysts at K33 Research highlighted in the weekly report published every Tuesday.
Altcoins technical outlook: Ethereum eyes short-term breakout, XRP lags recovery Ethereum trades at $1,893 while holding above the 50-day EMA at $1,865 and the latest Parabolic SAR at $1,829, but remains capped by the 100-day EMA at $1,924, keeping the near‑term bias mildly bearish.
Momentum is mixed, with the RSI hovering near a neutral 55 and the MACD below zero with a negative reading, which hints that upside attempts could continue to struggle under nearby resistance.
ETH/USDT daily chartOn the topside, immediate resistance lies at the 100‑day EMA at $1,924, followed by a more substantial hurdle at the 200‑day EMA near $2,166, where sellers would be expected to reassert pressure if reached. On the downside, initial support appears at the 50‑day EMA at $1,865, with the latest Parabolic SAR level at $1,829 reinforcing a secondary demand zone. A daily close below these supports would likely open the door to a deeper corrective phase in the coming sessions.
XRP, on the other hand, trades around $1.02. The pair remains under clear downside pressure, holding below the Bollinger middle boundary at roughly $1.06 and the 50-day EMA at about $1.09, which reinforces a bearish near-term bias. The spot price is also well beneath the 100-day and 200-day EMAs, at $1.18 and $1.37 respectively, underscoring a broader downtrend.
Momentum conditions support this view, with the RSI hovering near 38 in a weak, sub-50 regime and the MACD in negative territory, hinting at persistent selling pressure despite some recent stabilization.
XRP/USDT daily chartInitial resistance is seen at the Bollinger middle band near $1.06, followed by the 50-day EMA at $1.09 and the upper Bollinger band at around $1.11. Above these, the 100-day EMA at $1.18 and the 200-day EMA at $1.37 form a broader cap that would need to be reclaimed to ease the bearish tone. On the downside, the lower Bollinger band at $1.00 offers immediate support. A decisive break below this floor would open the door to fresh lows and potentially extend the current bearish sequence.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
Kripto para piyasası, ABD’nin açıklayacağı Tüketici Fiyat Endeksi (TÜFE) verisi öncesinde yön arayışını sürdürüyor. Bitcoin ve Ethereum dar bir işlem aralığında hareket ederken, opsiyon piyasasında ise yukarı yönlü kırılma beklentisinin güçlendiği görülüyor. Yatırımcılar, ABD enflasyon verisinin piyasanın mevcut sıkışıklığını sona erdirebilecek önemli bir katalizör olmasını bekliyor.
Bitcoin son dönemde 62 bin ile 66 bin dolar arasında hareket ediyor. Piyasadaki beklenti, TÜFE verisinin bu dar aralığın hangi yöne kırılacağını belirleyebileceği yönünde. Özellikle enflasyonun beklentilerin altında kalması, faiz indirimi beklentilerini güçlendirerek riskli varlıklara olan talebi artırabilir.
Bitcoin İçin 70 Bin Dolarlık Opsiyon Bahsi Ne Anlatıyor? Türev piyasasındaki pozisyonlanma, bazı yatırımcıların Bitcoin konusunda daha iyimser bir senaryoya hazırlandığını gösteriyor. Deribit verilerine göre eylül ayında vadesi dolacak ve kullanım fiyatı 70 bin dolar olan Bitcoin alım opsiyonlarına yaklaşık 2,5 milyon dolarlık sermaye aktı.
Alım opsiyonlarına yönelik bu talep, yatırımcıların Bitcoin’in önümüzdeki dönemde 70 bin dolar seviyesini aşabileceği beklentisiyle pozisyon aldığını gösteriyor. Ancak opsiyon işlemleri tek başına fiyatın kesin olarak yükseleceği anlamına gelmiyor; yalnızca belirli yatırımcıların yukarı yönlü senaryoya maruz kalmayı tercih ettiğini ortaya koyuyor.
Bu gelişme, kripto para piyasasında TÜFE öncesindeki temkinli spot fiyat hareketleriyle türev piyasasındaki beklentiler arasında dikkat çekici bir fark oluştuğunu gösteriyor.
Yatırımcılar Yön Yerine Volatiliteye Mi Oynuyor? Her yatırımcı Bitcoin’in yönünü tahmin etmeye çalışmıyor. Bazı kurumsal yatırımcılar, fiyatın yukarı veya aşağı hareket etmesinden ziyade volatilitenin yükselmesinden faydalanmayı hedefliyor.
TDX Strategys gibi kurumlar bu amaçla strangle stratejisine dikkat çekiyor. Bu strateji, varlığın belirli bir yönde ilerlemesini tahmin etmek yerine sert bir fiyat hareketinden yararlanmayı amaçlıyor.
ABD enflasyon verileri gibi kritik makroekonomik açıklamalar, kısa sürede yüksek volatilite yaratabildiği için bu tür opsiyon stratejilerinin önemini artırabiliyor. Dolayısıyla TÜFE yalnızca Bitcoin’in yönü açısından değil, piyasanın hareket genişliği açısından da kritik bir gelişme olarak öne çıkıyor.
Ethereum’da Borsalardan 164,6 Milyon Dolar Çıktı On-chain veriler ise spot piyasada farklı bir tabloya işaret ediyor. Türev yatırımcıları daha temkinli davranırken, spot piyasadaki alım eğiliminin daha güçlü olduğu görülüyor.
Nansen verilerine göre Ethereum’da son bir hafta içerisinde borsalardan 164,6 milyon doların üzerinde varlık çekildi. Borsalardaki ETH miktarının azalması, yatırımcıların varlıklarını satış amacıyla tutmak yerine daha uzun süre saklamayı tercih ettiği şeklinde yorumlanabiliyor.
Bu gelişme, Ethereum tarafında birikim beklentilerini desteklerken kripto yatırımı açısından da dikkat edilmesi gereken bir veri oluşturuyor. Ancak borsa çıkışları tek başına fiyatın yükseleceğini garanti etmiyor.
ABD TÜFE Sonrası Kripto Para Piyasasında Ne Olabilir? Kısa vadede piyasanın odağında ABD TÜFE verisi bulunuyor. Beklentilerin altında bir enflasyon, faiz indirimi ihtimalini güçlendirerek Bitcoin ve diğer dijital varlıklar için daha olumlu bir ortam yaratabilir.
Buna karşılık yüksek enflasyon, faiz indirimlerine ilişkin beklentileri zayıflatabilir ve riskli varlıklar üzerinde baskı oluşturabilir. Bu nedenle Bitcoin’in 62-66 bin dolarlık mevcut işlem aralığından hangi yönde çıkacağı, yalnızca teknik seviyelere değil makroekonomik verilere de bağlı olacak.
Opsiyon piyasasındaki 70 bin dolarlık alım pozisyonları, bazı yatırımcıların yukarı yönlü hareket beklediğini gösterirken Ethereum’dan gerçekleşen borsa çıkışları da spot tarafta birikim eğiliminin sürdüğüne işaret ediyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Ethereum is generating more transactions than ever while earning less from each one. Average gas prices have cratered to around 0.5 gwei in early 2026, with some periods dipping as low as 0.15 gwei. For context, a gwei is a billionth of one ETH, meaning the cost of transacting on the world’s largest smart-contract platform has effectively become a rounding error.
The paradox of cheap success Ethereum’s scaling roadmap is working exactly as designed. The Dencun upgrade, which rolled out in 2024, dramatically reduced the cost of posting data from Layer 2 networks back to mainnet. The upcoming Fusaka upgrade, expected later this year, promises to push that efficiency even further.
Over a recent 30-day stretch, Ethereum pulled in roughly $10.3 million in transaction fees. That figure puts it behind both Tron and Solana. Ethereum’s blocks are filling to only about 62% capacity on average, which means the network isn’t even close to the congestion levels that historically drove fees higher.
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The practical consequence: less ETH gets burned. When burn rates fall below new issuance, supply expands rather than contracts.
Stablecoins are heading for the exits USDT recorded more than $7 billion in net outflows on Ethereum during Q1 2026. In April 2026, stablecoin transfer volume on the network plunged 42.6% in a single week, even as raw transaction counts surged 41% over the same period.
Ethereum still hosts around $162 billion in stablecoins as of March 2026, roughly 52% of the global supply. But dominance measured in stock doesn’t tell the whole story when the flow is negative.
Historical patterns point to consolidation CryptoQuant analysts have flagged that the combination of low network activity and stablecoin outflows has historically preceded periods of price stabilization rather than sharp moves in either direction.
The deeper structural question is whether Ethereum’s Layer 2 strategy is creating a value-leak problem. Layer 2 networks like Arbitrum, Optimism, and Base process millions of transactions daily at negligible cost, but the economic value that once flowed to ETH holders through burns and validator tips increasingly stays within the L2 ecosystem instead.
Some industry voices have emphasized the urgent need for improved mainnet throughput to recapture higher-value settlement activity. The logic: if Ethereum’s base layer can handle more complex, high-value transactions natively, it doesn’t need to rely on Layer 2 networks for scale, and it can retain more of the fee revenue.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sharplink, Inc. (Nasdaq: SBET), a firm that has shifted its focus toward building and managing a large Ethereum treasury, released its financial results for the second quarter ended June 30, 2026. The report highlighted meaningful income generated from staking its ETH holdings while revealing a substantial net loss driven largely by accounting adjustments tied to cryptocurrency price movements.
The company recorded total revenue of $11.5 million for the quarter, a sharp rise from approximately $0.7 million in the same period of 2025.
Nearly all of this amount—roughly $11.2 million—stemmed from staking activities linked to its Ethereum holdings.
This growth reflects the impact of Sharplink’s actively managed ETH treasury strategy, which began in early June 2025 and operated for a full quarter in the latest reporting period.
Staking has become the dominant source of the firm’s reported income, underscoring its transition away from earlier business lines.
Despite the revenue increase, Sharplink reported a net loss of $394.3 million, compared with a $103.4 million loss in the year-earlier quarter.
The shortfall was driven primarily by non-cash items.
These included a $321 million unrealized loss on crypto assets measured at fair value, resulting from weaker ether prices during the quarter, along with a $76.1 million impairment charge related to its positions in liquid staking tokens LsETH and weETH.
Company materials emphasize that these charges do not reduce the actual number of ETH or ETH-equivalent tokens held, though impairments permanently lower the carrying value of the liquid staking assets under US GAAP rules and are not reversed if market prices later recover.At the end of the quarter, Sharplink held approximately 886,881 ETH and ETH equivalents.
This total comprised native ETH as well as amounts represented by liquid staking tokens.
By August 3, 2026, the figure had risen slightly to about 888,938 ETH equivalents, reinforcing the company’s standing as one of the largest publicly traded corporate holders of Ethereum.
Cash and cash equivalents stood at $56.2 million as of June 30, up from $28.5 million at the end of 2025.
Crypto assets on a U.S. GAAP basis were valued at roughly $1.4 billion at quarter-end.During the period, Sharplink completed a $75 million registered direct offering and used a portion of the proceeds to acquire additional ETH.
It also continued share repurchase activity.
Subsequent to quarter-end, the company announced the launch of the Galaxy Sharplink Onchain Yield Fund, a $125 million vehicle with $100 million committed by Sharplink and the remainder by Galaxy Digital, aimed at pursuing on-chain yield strategies while maintaining ETH exposure.
Leadership described the quarter as one of continued activity in both treasury management and support for Ethereum ecosystem initiatives, including backing organizations focused on protocol development, institutional engagement, and privacy infrastructure.
The results illustrate the income potential of large-scale ETH staking and the volatility that mark-to-market accounting and impairment rules can introduce to the financial statements of crypto treasury companies. The update shows Sharplink generating substantial staking yields from its growing Ethereum position even as broader market conditions produced significant non-cash losses on the bottom line.
Ethereum price rebounded from $1,850 to trade above $1,900 on Aug. 12 as softer U.S. inflation data supported risk appetite and buyers returned near a key support zone.
Summary
Ethereum price rose about 3% from $1,850, reaching an intraday high near $1,918. ETH reclaimed its 20-day and 100-day moving averages, strengthening the short-term recovery. 4-hour resistance sits at $1,925, followed by a large liquidation cluster around $1,950. Losing $1,887–$1,890 could expose $1,850 and weaken the latest bullish setup. Ethereum price action today According to data from crypto.news, Ethereum (ETH) price traded near $1,916 at the time of writing after moving between an intraday low of $1,880 and a high of $1,918, according to the Binance daily chart.
Buyers stepped in after ETH briefly revisited the $1,850 region on Aug. 11. The rebound carried the token back through $1,900, a level that had repeatedly limited recovery attempts during the previous week.
Cooling U.S. inflation data added support to the move by improving demand for risk assets. A softer Consumer Price Index reading can strengthen expectations for easier Federal Reserve policy, although the timing of any rate change remains dependent on incoming economic data and Fed guidance.
Price has now returned to the upper end of its recent consolidation range. A confirmed breakout remains absent because ETH has yet to close decisively above the resistance band stretching from $1,925 to $1,950.
CPI and spot demand support the ETH rebound The U.S. Bureau of Labor Statistics will release its July CPI report at 8:30 a.m. ET on Aug. 12. The data could influence Federal Reserve rate expectations and Ethereum’s next move. Softer inflation conditions generally tend to reduce pressure on the Fed to keep monetary policy restrictive, supporting assets such as Ethereum that are sensitive to changes in liquidity expectations.
Spot buying also strengthened as ETH recovered. The move followed a period of accumulation in which large holders reportedly withdrew 30,000 ETH from centralized exchanges. Exchange withdrawals can reduce immediately available supply, though they do not establish whether holders intend to retain or later sell those tokens.
Reported trading volume during the breakout rose 35% above its 20-day average. Stronger volume gave the move more support than earlier attempts to clear $1,900, but follow-through above $1,925 is still needed.
Ethereum price must clear $1,925 and $1,950 The daily chart shows ETH trading above its 20-day simple moving average at $1,894 and its 100-day average near $1,891. Both indicators now form an immediate support area around $1,890.
Ethereum price daily chart — Aug. 12 | Source: crypto.news Ethereum also remains above the 50-day average at $1,815, confirming that the recovery from June’s low near $1,520 has not broken down. However, the token still trades below its declining 200-day average at $2,035, leaving the broader trend under pressure.
The Awesome Oscillator remains positive at 24.13, showing that bullish momentum has not disappeared. Recent histogram bars have contracted; however, indicating that momentum needs to expand again for ETH to sustain a breakout.
4-hour indicators provide a similar picture. The Supertrend remains bearish with resistance at $1,925.49, while its lower reference level near $1,887.64 marks the first support.
Ethereum price 4-hour chart — Aug. 12 | Source: crypto.news Chaikin Money Flow has risen to 0.08, showing modest net buying pressure. A move deeper into positive territory alongside a close above the Supertrend would provide stronger confirmation that buyers control the short-term trend.
Liquidation heatmap points to $1,950 CoinGlass’ one-week liquidation heatmap shows the largest nearby concentration of leveraged positions around $1,950. Price often moves toward areas containing dense liquidity, making the zone a likely target if ETH clears $1,925.
Ethereum liquidation heatmap | Source: CoinGlass A breakthrough at $1,950 could force additional short liquidations and accelerate a move toward $2,000. The daily 200-day moving average near $2,035 would become the next major technical test above the psychological threshold.
Liquidity also remains concentrated below the market around $1,890, $1,850, and $1,840. A rejection from $1,925–$1,950 followed by a loss of $1,887 could pull ETH back toward those downside clusters.
Support at $1,850 remains the main short-term invalidation level. A daily close below it would expose the 50-day moving average near $1,815, while deeper weakness could reopen the path toward $1,700.
Analysts target $2,000 before a larger breakout Crypto analyst Ted Pillows said Ethereum had bounced from $1,850 but needed to reclaim the $1,900–$1,920 range before extending toward $2,000.
“Now, Ethereum needs to reclaim the $1,900–$1,920 level for a pump towards $2,000.”
ETH has entered the analyst’s breakout range, although it must still hold above the area on a closing basis.
Michaël van de Poppe described Ethereum’s consolidation as a series of higher lows accompanied by low volatility. He identified $2,300 as his first target zone if ETH price breaks out with strength.
“Volatility is low, range is tight, meaning that the breakout will be super volatile.”
The immediate chart offers a more conservative sequence. Bulls first need to secure $1,925, clear the $1,950 liquidation cluster, and reclaim $2,000 before $2,300 becomes technically relevant.
Failure to hold $1,890 would shift attention back to $1,850. For now, Ethereum’s recovery remains intact, but the next directional move depends on whether spot demand can convert the CPI-driven rebound into a confirmed breakout.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Fidelity Investments plans to add staking to its spot Ether exchange-traded product, the Fidelity Ethereum Fund (FETH), according to its Tuesday filing with the US Securities and Exchange Commission (SEC).
The asset manager said FETH could stake up to 100% of its Ether under normal conditions, excluding ETH reserved for redemptions, expenses and liquidity needs.
The fund would retain 85% of staking rewards, with 15% going toward staking fees, and plans quarterly cash distributions, although payouts are not guaranteed. Fidelity expects staking to begin “as soon as practicable” after the prospectus date. The preliminary prospectus remains subject to change before the registration statement becomes effective.
One of the world’s largest asset managers, Fidelity follows other US Ether products offering or pursuing staking. Grayscale became the first US issuer to enable staking in spot crypto exchange-traded products in October 2025, while BlackRock launched its separate iShares Staked Ethereum Trust ETF (ETHB) in February 2026. Bitwise also sought to add staking to its Ethereum ETF but withdrew the proposal in September 2025.
Seeking Alpha contributor Ryne Mauck wrote in May that FETH’s lack of staking put it at a “relative disadvantage” to staking-enabled products from Grayscale and BlackRock.
As of Aug. 11, FETH had recorded about $2.13 billion in cumulative net inflows since its July 2024 launch, according to Farside Investors. Ahead of Wednesday’s US markets open, the ETF was leading pre-market gains across most ETH funds, up 2.4%, according to Yahoo Finance data.
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.
Fidelity Investments plans to add staking to its spot Ether exchange-traded product, the Fidelity Ethereum Fund (FETH), according to its Tuesday filing with the US Securities and Exchange Commission (SEC).
The asset manager said FETH could stake up to 100% of its Ether under normal conditions, excluding ETH reserved for redemptions, expenses and liquidity needs.
The fund would retain 85% of staking rewards, with 15% going toward staking fees, and plans quarterly cash distributions, although payouts are not guaranteed. Fidelity expects staking to begin “as soon as practicable” after the prospectus date. The preliminary prospectus remains subject to change before the registration statement becomes effective.
One of the world’s largest asset managers, Fidelity follows other US Ether products offering or pursuing staking. Grayscale became the first US issuer to enable staking in spot crypto exchange-traded products in October 2025, while BlackRock launched its separate iShares Staked Ethereum Trust ETF (ETHB) in February 2026. Bitwise also sought to add staking to its Ethereum ETF but withdrew the proposal in September 2025.
Seeking Alpha contributor Ryne Mauck wrote in May that FETH’s lack of staking put it at a “relative disadvantage” to staking-enabled products from Grayscale and BlackRock.
As of Aug. 11, FETH had recorded about $2.13 billion in cumulative net inflows since its July 2024 launch, according to Farside Investors. Ahead of Wednesday’s US markets open, the ETF was leading pre-market gains across most ETH funds, up 2.4%, according to Yahoo Finance data.
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.
Key HighlightsFETH Gains Authority to Stake Complete Ethereum HoldingsDistribution Model Channels Staking Proceeds to ShareholdersInvestment Manager Joins Industry Trend Toward Staking Products Fidelity’s FETH fund introduces Ethereum staking with planned quarterly distributions
The fund may stake its entire Ether holdings during standard operational periods
Shareholders would receive 85% of staking proceeds following service provider fees
Distribution payments would occur quarterly based on available staking revenue
The move aligns with growing adoption of staking among major US Ethereum funds
Fidelity has outlined a comprehensive strategy to introduce Ethereum staking capabilities to its Fidelity Ethereum Fund (FETH). According to an August 11 regulatory submission to the SEC, the $898 million fund would distribute 85% of staking proceeds to investors after deducting operational fees. The initiative enables the fund to stake substantially all of its Ethereum holdings while maintaining sufficient reserves.
FETH Gains Authority to Stake Complete Ethereum Holdings Fidelity has updated the registration documentation for FETH to authorize staking of its entire Ethereum portfolio during typical operating circumstances. The fund will maintain adequate ETH reserves to handle shareholder redemptions, operating costs, planned distributions, and working capital requirements. Implementation of the staking program is expected to commence shortly after regulatory approval of the updated prospectus.
The proposed framework establishes no mandatory minimum staking threshold for the fund. Fidelity will dynamically manage staking allocations based on immediate liquidity requirements, blockchain network status, and redemption activity. Qualified custodians will maintain control of cryptographic keys, while designated operators will oversee the technical validator infrastructure for Ethereum staking.
The regulatory filing identifies Blockdaemon, Figment, and Galaxy Digital Trading Cayman as prospective node operation partners. Asset distribution among operators will follow criteria including security protocols, operational track record, technical capabilities, and diversification parameters. This multi-operator approach aims to mitigate concentration risk while enabling FETH to capture Ethereum network rewards.
Distribution Model Channels Staking Proceeds to Shareholders The fund will channel 85% of generated staking yields to FETH shareholders following a 15% service charge. This service fee will be distributed among the sponsor, custody providers, and node operators according to the proposed arrangement. Net rewards may fund operational expenses, redemption requests, additional staking activities, or direct shareholder distributions.
FETH will accumulate staking rewards denominated in Ether before liquidating appropriate portions into United States dollars. The sponsor will establish record and distribution dates in accordance with relevant exchange regulations. Fidelity has clarified that distributions are not assured for every quarterly period.
Distribution quantities will fluctuate based on prevailing staking yields, validator operational efficiency, network protocol parameters, fund expenses, and outstanding obligations. The fund reserves authority to withhold rewards when financial commitments surpass available staking revenue. This flexibility allows FETH to maintain adequate liquidity before executing shareholder distributions.
Investment Manager Joins Industry Trend Toward Staking Products Fidelity’s initiative mirrors comparable staking implementations by Grayscale and BlackRock within the United States Ethereum investment landscape. Grayscale activated staking functionality in 2025, while BlackRock subsequently introduced a dedicated staking-oriented Ethereum vehicle. Rather than launching a separate product, Fidelity is integrating staking directly into its existing FETH fund.
The filing arrives following federal tax policy clarification regarding staking operations within qualified digital asset trust structures. This regulatory framework permits eligible trusts to generate staking income while maintaining favorable federal tax classification. Fidelity has indicated that FETH will conduct its staking operations in compliance with this safe-harbor provision.
Implementing staking introduces additional liquidity considerations and operational complexity, as validator withdrawal processes may extend during periods of elevated network activity. The fund has committed to continuous daily liquidity assessment and will preserve sufficient assets to satisfy anticipated redemptions and expenses. Risk management protocols will address custody security, slashing penalties, validator performance, and settlement challenges through established internal oversight mechanisms.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Russia takes a step in its approach to crypto. The Central Bank has just proposed a framework allowing individuals to access three cryptocurrencies on public markets. The project targets Bitcoin, Ethereum, and USDT, with an annual limit for non-qualified investors. This development marks a regulated crypto market opening, while the authorities want to limit exposure to price fluctuations. The system includes conditions for intermediaries and investors before any operation.
In Brief The Bank of Russia proposes allowing individuals to buy three cryptocurrencies on public markets. Bitcoin, Ethereum, and USDT would be accessible to non-qualified investors under certain conditions. The annual ceiling would reach 300,000 rubles per intermediary for affected investors. Qualified investors could negotiate all available cryptocurrencies without restriction. Russia Regulates Access to the Public Market After the official adoption of the framework legalizing the digital assets market in Russia, the Central Bank published on August 11 a draft directive dedicated to non-qualified investors. These individuals could buy digital assets via brokers, exchanges, or managers. However, the central bank indicated in a separate statement that crypto would remain subject to an annual ceiling set at 300,000 rubles per intermediary. Thus, each broker, platform, or manager could separately apply this limit to purchases made by the same investor.
The text also specifies the role of various intermediaries in this system. Purchases may go through several authorized actors, but the ceiling will still be calculated for each intermediary. This organization allows distinguishing the access channels used by non-qualified investors. It also gives platforms a clear framework to apply the new rules in their daily operations. For individuals, this framework combines limited access, mandatory testing, and asset selection. Therefore, crypto remains accessible but under precise conditions regulating operations.
The new framework also now provides a mandatory step before any transaction. All investors must pass a test and become aware of the risks associated with crypto-assets. This requirement therefore also concerns qualified investors, despite their broader access to the market. Consequently, Russia seeks to gradually open operations while maintaining a protection framework for individuals.
Bitcoin, Ethereum, and USDT at the Heart of the System The project identifies three assets that public exchange platforms could admit: Bitcoin, Ethereum, and Tether’s USDT. The selection mainly relies on liquidity, capitalization, and price history. To be accessible to non-qualified investors, an asset must notably have at least five years of price history on foreign platforms. Its average daily volume is also among the criteria considered by authorities.
The Bank of Russia proposes authorizing Bitcoin, Ethereum, and Tether USDT for public circulation on organized markets. Source: Central Bank of Russia Statement. The selected crypto must therefore demonstrate sufficient liquidity to limit sudden and unpredictable price movements. The project currently excludes XRP from this list, despite its existence since 2012. The Bank of Russia links its choice to criteria provided by the new federal law on cryptocurrencies. This method thus favors assets with an established market and sufficiently extensive price data.
Different Rules Depending on Investors Qualified investors benefit from a significantly broader regime in the project presented by authorities. They could acquire all cryptocurrencies traded on stock and over-the-counter markets, without ceiling. This difference creates two access levels depending on the investor’s status. Thus, crypto becomes accessible to the public but under much stricter conditions for non-qualified individuals.
The system implements several measures to expand access to digital assets for wealthy investors. It also comes as Tether is under close scrutiny regarding some USDT linked to sanctioned Russian platforms. The Bank of Russia now opens a consultation period until August 24. After official publication and signature by Elvira Nabiullina, the directive should come into force ten days later.
Crypto could thus gain a more structured place on Russian public markets, without abandoning limits set for individuals. Russia will still need to finalize the text after the commentary period. The future regulatory framework will depend on the adjustments made before its entry into force. For now, the project mainly confirms a gradual opening centered on three assets and accompanied by precise rules.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
If you have been following the Ethereum price action for a while, you would know that the 6% monthly uptick could reverse rather quickly. Even though ETH seems to be trading inside a rising channel, an otherwise bullish pattern, a few alarming signs are emerging.
On-chain, capital keeps flowing in while trading activity and big holders step back. That split leaves ETH structurally supported but tactically fragile beneath a stubborn $1,915 ceiling.
Ethereum Price Failed to Breach $2,000 Seven Times in a Month. Source: CoinGeckoCapital Piles in as Trading Dries UpMoney is the key factor here. Ethereum’s monthly DEX volume fell about 42% from April to July, according to Dune Analytics, yet TVL, the capital locked in DeFi apps, rose about 7.8% to near $42 billion, with staking at a record 33.98% of supply.
Trading Down, Capital Up: BeInCryptoThis is not defeat. Trading cooled everywhere, with Solana down about 79% from its peak and BNB Chain now leading volume. This means money is settling into yield rather than chasing trades.
The DEX Volume Reset: BeInCryptoThat fundamentally aligned thesis looks bullish, but it hides a catch. The demand that actually drives price is thinning.
Whales Cash Out as the Channel WeakensThat thinning demand is now showing up in the biggest wallets. ETH has climbed an ascending channel since July 8, which reads as bullish on its own.
Ethereum Price Channel: TradingViewHowever, buying volume has faded since July 14, and selling pressure has surged since August 6, leaving the trend fragile. Then the whales blinked.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Holdings excluding exchanges fell from 125.44 million ETH on August 10 to 123.86 million, roughly $3 billion sold into the very strength that looked bullish.
Ethereum Whale Holdings: SantimentWhen large holders trim and volume dries up, rallies lose their fuel, which is why the price keeps stalling at one exact level.
Why $1,915 Decides the Ethereum PriceAll of that pressure meets at $1,915. The Ethereum price has been rejected there seven times since July 31, making it the wall that defines the trend. A daily close above it opens at $1,978, then the top of the channel, the path our ETH forecast tracks.
Ethereum Price Analysis: TradingViewLosing the immediate floor instead can change the equation rather quickly. A close below $1,875 would turn the structure from bullish to neutral and expose $1,843, then $1,811. So until fresh demand returns to crack $1,915, capital supports the Ethereum price without lifting it, and the whales are betting it stays that way.
Analyst’s View: The dropping DEX footprint doesn’t look like an Ethereum problem. It can be termed a market-wide reset. The real worry sits with the whales. And a sustained rejection at $1,915 might be the reason for their apathy. A reclaim of $1,915 can bring back big-holder optimism.
TLDRRobinhood’s Crypto Network Had A Strong JulyRobinhood Chain Tops The Revenue ChartAn Analyst Sees A $300 Billion FutureStock Price Holds Near $94 Robinhood’s Ethereum Layer 2 network, Robinhood Chain, generated about $3.6 million in July revenue. That total beat Polygon PoS, Base, and Arbitrum One, according to Blockworks Research. Robinhood Chain earned more than Base and Arbitrum combined last month. Robinhood also added 50 new crypto assets for users in the UK. An analyst projects Robinhood could reach a $300 billion market cap by 2030. Robinhood’s Crypto Network Had A Strong July Robinhood’s push into blockchain technology is starting to show results. Its Ethereum Layer 2 network, known as Robinhood Chain, brought in roughly $3.6 million in revenue during July.
That figure comes from data tracked by Blockworks Research. It placed Robinhood Chain ahead of every other Layer 2 network that month.
Robinhood Chain Tops The Revenue Chart Polygon PoS came in second place with about $2.7 million in revenue. Base followed in third with roughly $2.1 million.
The gap widened further down the list. Arbitrum One brought in around $533,000 for the month.
Starknet generated close to $137,000, while Celo earned about $119,000. OP Mainnet trailed the group with just under $39,000.
Robinhood Chain’s July total actually topped what Base and Arbitrum earned when combined. That is a fast start for a network still in its early stages.
Robinhood also expanded its crypto offerings outside the United States last month. The company added 50 new crypto assets for customers in the UK.
An Analyst Sees A $300 Billion Future Artemis CEO Jon Ma shared a prediction about where Robinhood could be by 2030. He believes the company could reach a $300 billion market cap within the next few years.
Ma’s estimate is based on several growth areas. These include crypto activity, expansion into new countries, and gains in new user signups.
His model assumes Robinhood grows to about 100 million funded accounts. It also assumes each user brings in around $200 in average revenue per year.
Under those numbers, Robinhood could generate close to $20 billion in annual revenue. Net income under that scenario could reach around $10 billion.
Ma also pointed to a possible acquisition of TradingView as another factor that could drive growth. He described Robinhood as a company positioned to become the top global trading platform.
Stock Price Holds Near $94 Robinhood shares were trading around $93.60 at the time of writing. The stock has been recovering since it dipped to lows near $84 in late July.
Since that low, the stock has settled into a narrower trading range. That suggests selling pressure has eased compared to prior weeks.
Momentum indicators showed a mostly neutral picture. The RSI pointed to balanced conditions, and trend strength readings were modest for now.
The stock remains below its recent highs, which climbed above $100. Robinhood’s growth in crypto and international markets is likely to stay a focus for investors going forward.
Tom Lee's (@fundstrat) @BitMNR staked $289.4 million worth of $ETH over the past week, according to on-chain data tracked by Arkham, pushing its staked position to 4.2% of Ethereum's total supply.
The company also purchased an additional $14.25 million in $ETH during the same period. Combined, Bitmine's total ETH holdings now represent 4.8% of Ethereum's circulating supply of roughly 120.7 million tokens.
A Dominant Position in Ethereum StakingThe scale of Bitmine's staking operation stands out even against the broader Ethereum network. As of August 9, 2026, Bitmine's total staked ETH stood at 5,067,309 tokens, valued at approximately $9.8 billion at $1,928 per ETH. The company has described itself as having staked more ETH than any other entity in the world.
At full scale, Bitmine projects annualized staking rewards of $294 million, based on a 7-day yield of 2.63%. Annualized staking revenues are currently projected at $257 million, with the 5.1 million staked ETH representing 87% of Bitmine's total holdings.
Bitmine's staking infrastructure runs through MAVAN (Made in America VAlidator Network), its proprietary Ethereum staking platform developed in partnership with institutional staking providers.
Institutional Staking Against a Crowded BackdropBitmine's accumulation is unfolding at a time when overall Ethereum staking participation is near record highs. As of August 4, 2026, approximately 41.41 million ETH had been staked across the network, representing 33.98% of total circulating supply, an all-time high. That broad backdrop of rising staking activity also comes with a caveat: validators entering the network today are earning roughly 47% less in real yield terms than those who entered at the June 2023 peak.
For Bitmine, the bet is clearly long-term. Chairman Tom Lee has pointed to easing financial conditions as a tailwind for crypto, noting that the odds of a Federal Reserve rate hike in September had fallen to 40% from 75% just two weeks prior.
Bitmine (NYSE: $BMNR) was added to the Russell 1000 Large-cap index in June 2026, reflecting the company's growing market footprint as it continues to deepen its Ethereum exposure.
Sources:
Bitmine Press Release: ETH Holdings Reach 5.81 Million Tokens (PR Newswire, August 2026)
Ethereum Staking Hits 34% of Supply: Validator Rewards at a 3-Year Low (Coinpedia, August 2026)
Public token sales have pulled in $1.42 billion so far this year, but the capital is not spreading widely across the landscape. Data from CryptoRank, cited in the original report, shows that five blockchain ecosystems account for roughly $1.34 billion, or about 94% of the total. The fundraising window may be wide open, but project founders and investors are voting with their wallets for a very short list of networks.
Ethereum again claimed the largest share, attracting $334 million in public token sale proceeds. BNB Chain followed at $288 million, with Base at $269 million and Solana at $241 million. Sonic rounded out the top five at $206 million. The numbers suggest a market structure where most of the action happens inside a circle of dominant general-purpose chains, while newer or smaller ecosystems struggle to draw meaningful liquidity for early-stage raises.
Why the top five keep winning Ethereum’s lead is not simply about brand inertia. Despite persistent fee spikes during high-demand periods, it still offers the deepest pool of existing liquid capital and the richest developer tooling infrastructure. A recent look at the top blockchains by developer activity confirms that Ethereum, BNB Chain, and Solana remain magnets for protocol building. That developer density feeds directly into the token sale pipeline, where teams want to launch where users and liquidity already sit.
BNB Chain and Base, both EVM-compatible environments, appear to be capturing a distinct slice of the market: projects that want cheap transactions and a built-in user funnel without leaving the Ethereum Virtual Machine orbit. Base, in particular, has benefited from its integration with the Coinbase ecosystem, which gives token projects exposure to a ready-made retail audience that other layer-2s cannot match as easily.
Solana’s $241 million shows that high-throughput non-EVM chains are not being sidelined. After multiple network-outage cycles earlier in the cycle, Solana has rebuilt credibility, and its monolithic architecture appeals to projects that want speed without fragmentation. Sonic’s presence in the top five, at $206 million, is perhaps the most telling signal. The chain’s rapid ascent in fundraising rankings reflects a broader appetite for fresh, performance-focused networks, particularly when they can onboard existing EVM liquidity through bridge infrastructure.
Concentration risk and the market’s blind spots The 94% concentration ratio cuts both ways. On one hand, it gives new token buyers a clear signal about where professional capital allocators are placing bets. On the other, it raises questions about whether the public sale market is becoming a closed loop. If only the top five chains can reliably raise public dollars, the long tail of alternative layer-1s and app-specific chains may find themselves shut out from the kind of open market funding that defined earlier cycles.
What remains uncertain is whether this concentration reflects genuine demand dynamics or a temporary flight to safety. During periods of market stress or regulatory ambiguity, investors often retreat to the most liquid, most established venues. The tokenization of real-world assets has started to reshape on-chain capital flows in ways that could further reinforce the position of incumbent chains, as highlighted in recent institutional tokenization moves. If larger-scale RWA activity keeps piling into Ethereum and its closest rivals, the public sale market may track that institutional footprint even more closely in the coming quarters.
For projects that cannot launch on a top-five chain, the data forces a hard question: whether no public raise at all is better than launching into an illiquid ecosystem where volume and visibility remain thin. Founders now have to weigh community-building on smaller chains against the reality that the bulk of open-market capital is flowing to a handful of networks.
The year-to-date figures do not strip out private or over-the-counter rounds, which typically dwarf public sales. But public token sale data matters because it reflects the most visible, regulation-exposed segment of crypto fundraising. As legal frameworks around token offerings continue to evolve, the choice of chain may soon carry compliance implications that are not priced into today’s concentration numbers. That is a development worth watching, particularly for ecosystems hovering just outside the top tier.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
Despite Ethereum’s [ETH] prolonged price weakness, holders have continued moving more supply into staking rather than withdrawing. Total staked ETH rose from roughly 36 million in early 2026 to a record 41.9 million, even as the dominant altcoin fell toward $1,800.
Source: CryptoQuant This steady increase suggests lower prices have not weakened the incentive to lock ETH for yield. Since staking is absorbing additional Ethereum supply through this downtrend, it also reduces the immediate amount available for trading.
Source: CryptoQuant More importantly, recent inflows near 28,700 ETH remain below earlier spikes above 200,000 ETH, showing accumulation has become less aggressive. Notably, since roughly one-third of the supply is now staked, it will likely limit the ETH liquidity, therefore strengthening scarcity if market demand eventually recovers.
EIP-8363 targets Ethereum’s staking rewards That said, approximately one-third of ETH is currently staked on the network. In light of this, EIP-8363, dubbed “Tapered Issuance Burn,” aims to alter the way new participation on Ethereum will be rewarded.
Under the proposal, validator rewards are set to decrease in proportion to increases in staking ratios. At approximately the current 33% staking ratio, annual issuance would begin to trend downward at a rate lower than the present reward structure, eventually approaching an issuance rate of less than .8%.
Near the current 33% staking ratio, annual issuance would drop toward 0.8%, below the existing reward curve. Later on, issuance would continue falling until reaching zero as staking approaches 50% of supply.
Source: Blockworks Research As a result of this shift, this would reduce the incentive to keep locking additional ETH while limiting dilution for unstaked holders. However, reduced yields may reduce interest from institutional investors in purchasing or utilizing liquid staking products. This would then contribute to weakened yield-based investment strategies.
EIP-8363 could therefore contain staking-driven issuance, but only by reducing an incentive supporting parts of Ethereum’s staking economy.
BitMine highlights institutional staking yield risk That proposed reward reduction will impact the institutions already earning substantial income from staking. For instance, Ethereum’s biggest DAT, BitMine, now holds 5.81 million ETH after adding another 7,391 ETH while staking 5.07 million ETH of that position.
Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total...
Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total of 43,000 $BTC at an average price of $96,191 and is currently sitting on a loss of $1.4B(-34%).
24 minutes ago
Metaplanet transferred 3,881 BTC over the past three hours, with its current unrealized loss on holdings amounting to roughly $1.4 billion.
According to Lookonchain monitoring, Japanese listed firm Metaplanet Inc. has transferred a total of 3,881 Bitcoin over the past three hours, valued at roughly $247.3 million. Data shows that Metaplanet currently holds around 43,000 BTC in total, with an average purchase cost of $96,191 per Bitcoin. Calculated at current prices, its Bitcoin holdings carry an unrealized loss of approximately $1.4 billion, representing a 34% loss.
24 minutes ago
Layer 1 blockchain project Harmony responds to the abnormal ONE token over-issuance incident: It is working with trading platforms to freeze the relevant funds.
Harmony Protocol announced in a post that its team is collaborating with relevant exchanges to attempt to block and freeze funds involved in the incident, while developing a fix and evaluating rollback options. Earlier, on-chain data analysis indicated that Harmony had likely been hacked, with attackers exploiting an empty blocks vulnerability to mint approximately 4 billion ONE tokens without authorization—accounting for around 26% of the current total supply. Around 2.8 billion of these ONE tokens were subsequently transferred to exchanges, triggering market selling pressure and leading to a sharp drop in ONE’s price. According to analysis, the attackers exploited a flaw in the supply verification mechanism, causing the totalSupply interface to fail to reflect the actual number of newly minted tokens in a timely manner and masking the inflationary impact. Harmony stated that it will update the incident’s progress once more information becomes available. The incident remains under investigation at this time.
24 minutes ago
Yesterday, U.S. spot Bitcoin ETFs saw a net inflow of $7.8 million, while U.S. spot Ethereum ETFs recorded a net outflow of $1.7 million.
According to data from Farside Investors, Bitcoin spot ETFs posted a total net inflow of $7.8 million on August 11. BlackRock’s IBIT recorded a $50.2 million net inflow, while Fidelity’s FBTC saw an outflow of $4.1 million, ARKB an outflow of $11.5 million, EZBC an outflow of $16.5 million, and HODL an outflow of $10.3 million. The remaining ETFs had minor or zero capital flows. For Ethereum spot ETFs, total net outflows reached $1.7 million on August 11. BlackRock’s ETHA posted a $600,000 net inflow, while Franklin’s FETH saw a $2.3 million outflow, with all other Ethereum ETFs registering zero capital flows.
24 minutes ago
Binance adds GameStop bStocks tokenized securities to its margin collateral assets
According to official announcements, Binance will add GameStop bStocks (GMEB) as an eligible collateral asset for Cross Margin, Portfolio Margin, and Portfolio Margin Pro starting at 12:00 UTC on August 12. Qualified users can use this bStocks token as collateral for margin trading, and margin trading support will also be enabled for related GMEB trading pairs. However, lending functionality is not currently supported for this asset.
24 minutes ago
The payment public chain Tempo recorded an all-time high in stablecoin trading volume last week.
Payment public blockchain Tempo announced in a post that its weekly stablecoin transfer volume has hit an all-time high. Last week, Tempo's transaction volume exceeded $175 million, with its cumulative transaction volume surpassing $1.2 billion since its launch in March.
Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total...
Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total of 43,000 $BTC at an average price of $96,191 and is currently sitting on a loss of $1.4B(-34%).
24 minutes ago
Metaplanet transferred 3,881 BTC over the past three hours, with its current unrealized loss on holdings amounting to roughly $1.4 billion.
According to Lookonchain monitoring, Japanese listed firm Metaplanet Inc. has transferred a total of 3,881 Bitcoin over the past three hours, valued at roughly $247.3 million. Data shows that Metaplanet currently holds around 43,000 BTC in total, with an average purchase cost of $96,191 per Bitcoin. Calculated at current prices, its Bitcoin holdings carry an unrealized loss of approximately $1.4 billion, representing a 34% loss.
24 minutes ago
Layer 1 blockchain project Harmony responds to the abnormal ONE token over-issuance incident: It is working with trading platforms to freeze the relevant funds.
Harmony Protocol announced in a post that its team is collaborating with relevant exchanges to attempt to block and freeze funds involved in the incident, while developing a fix and evaluating rollback options. Earlier, on-chain data analysis indicated that Harmony had likely been hacked, with attackers exploiting an empty blocks vulnerability to mint approximately 4 billion ONE tokens without authorization—accounting for around 26% of the current total supply. Around 2.8 billion of these ONE tokens were subsequently transferred to exchanges, triggering market selling pressure and leading to a sharp drop in ONE’s price. According to analysis, the attackers exploited a flaw in the supply verification mechanism, causing the totalSupply interface to fail to reflect the actual number of newly minted tokens in a timely manner and masking the inflationary impact. Harmony stated that it will update the incident’s progress once more information becomes available. The incident remains under investigation at this time.
24 minutes ago
Yesterday, U.S. spot Bitcoin ETFs saw a net inflow of $7.8 million, while U.S. spot Ethereum ETFs recorded a net outflow of $1.7 million.
According to data from Farside Investors, Bitcoin spot ETFs posted a total net inflow of $7.8 million on August 11. BlackRock’s IBIT recorded a $50.2 million net inflow, while Fidelity’s FBTC saw an outflow of $4.1 million, ARKB an outflow of $11.5 million, EZBC an outflow of $16.5 million, and HODL an outflow of $10.3 million. The remaining ETFs had minor or zero capital flows. For Ethereum spot ETFs, total net outflows reached $1.7 million on August 11. BlackRock’s ETHA posted a $600,000 net inflow, while Franklin’s FETH saw a $2.3 million outflow, with all other Ethereum ETFs registering zero capital flows.
24 minutes ago
Binance adds GameStop bStocks tokenized securities to its margin collateral assets
According to official announcements, Binance will add GameStop bStocks (GMEB) as an eligible collateral asset for Cross Margin, Portfolio Margin, and Portfolio Margin Pro starting at 12:00 UTC on August 12. Qualified users can use this bStocks token as collateral for margin trading, and margin trading support will also be enabled for related GMEB trading pairs. However, lending functionality is not currently supported for this asset.
24 minutes ago
The payment public chain Tempo recorded an all-time high in stablecoin trading volume last week.
Payment public blockchain Tempo announced in a post that its weekly stablecoin transfer volume has hit an all-time high. Last week, Tempo's transaction volume exceeded $175 million, with its cumulative transaction volume surpassing $1.2 billion since its launch in March.
Major cryptocurrencies continue to face technical hurdles after recent corrections, with Hyperliquid (HYPE), Ethereum (ETH), Bitcoin (BTC), and Shiba Inu (SHIB) all trading within significant support and resistance zones.
HYPE struggles to regain momentumHyperliquid has experienced a notable pullback from its previous highs near $70–$76 and is currently trading at $54.54. The token remains capped by a cluster of moving averages in the $56.65 to $56.90 range, which has so far limited any sustained recovery attempts. Buyers briefly pushed the price toward this resistance area in early August but failed to establish a foothold above it.
Consolidation below $57 has become the prevailing pattern, with stronger resistance emerging at $61.09. Regaining that level could improve the short-term outlook and reopen the path toward the $65–$68 range, and potentially another retest of $70. On the downside, support anchored near $50.77—corresponding to a long-term moving average—has held firm, making the $50–$51 zone a pivotal technical threshold.
A breakdown below this area could expose the upper $40s and disrupt the broader recovery structure. According to current indicators, the RSI stands near 43.3, signaling weak momentum without a clear entry into oversold conditions. HYPE remains locked in a neutral-to-bearish consolidation. A move above $57 would mark an initial improvement, while a breakout above $61 is needed for a convincing reversal.
Ethereum consolidates below resistanceEthereum is still consolidating below $1,900 following a rebound from lows recorded in June. At the moment, ETH trades at approximately $1,880—just above its short-term moving average at $1,875, but under pressure from resistance at $1,922. The current setup reflects challenging conditions, as buyers have repeatedly stalled in the $1,900–$1,925 range since late July.
Despite forming a series of higher lows since June, the broader outlook has not convincingly shifted bullish. Key support levels are found at $1,875 and a more dynamic band near $1,808. ETH remains below its longer-term moving average, which is situated around $2,140, underlining the absence of a strong trend reversal. Momentum indicators provide little clarity, with the RSI near 53.5 and its signal line close to 51, highlighting a lack of obvious directional bias.
The most important short-term trigger is a daily close above $1,925, which could refocus attention toward $2,000 and $2,140. If ETH retreats below $1,875, risk of a return to the $1,800–$1,810 region increases.
Bitcoin holds narrow range as momentum fadesBitcoin continues to trade tightly around $63,900, with the $63,000–$67,000 band defining the current structure. The leading cryptocurrency is positioned between two key short-term moving averages, with the faster reading slightly higher at $64,154 and support at $63,325. Price compression has grown more evident in the wake of June’s rebound, leading to a persistent sideways market since early July.
Overhead resistance around $66,000–$67,000 and a sloping moving average near $66,742 continue to cap recovery prospects. Long-term averages, set around $72,100, remain out of reach. Bitcoin’s RSI has slipped to 48.4, just below the neutral threshold, underscoring the lack of momentum for either buyers or sellers.
A drop below $63,300 could put $60,000 in play and reactivate interest in the June lows near $58,000. Conversely, reclaiming $66,700 would mark a significant bullish development, potentially setting up a revisit of the $70,000–$72,100 region. For now, Bitcoin remains in a consolidative bearish pattern.
SHIB faces renewed downside riskShiba Inu has returned to a critical support area after failing to hold onto its volatility-driven rally from late July. Currently, SHIB trades at $0.00000450, aligning closely with its moving average of $0.00000445. The token has slipped below the faster average of $0.00000462, reflecting reduced upward momentum.
Efforts to push higher last month briefly drove SHIB toward $0.0000058, but resistance quickly forced a reversal. The $0.00000495 mark now stands as the key short-term barrier. While the RSI’s signal line hovers near 54.3, the indicator itself has declined to 45.1, signaling waning bullish force without crossing into oversold territory.
The $0.00000440–$0.00000445 support zone is now vital for SHIB. A clear breakdown could expose previous consolidation levels at $0.00000410–$0.00000420 and open the door to fresh local lows. For a bullish reversal, SHIB must first reclaim $0.00000462 and follow through above $0.00000495. However, a significant long-term resistance sits at $0.000585, leaving the overall trend cautious unless these hurdles are cleared.
As price action in these cryptocurrencies revolves around narrowing ranges and critical support levels, the rise of new trading infrastructure is reshaping the landscape. While traditional markets utilize multiple brokers, a growing shift is underway as Wall Street adopts Web3. Investors increasingly leverage platforms like 1stepSwap to directly hold tokenized shares of major U.S. companies, gold, and silver in their crypto wallets, streamlining exposure to real-world assets (RWAs) and automating the search for optimal prices without intermediaries.
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.
Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total...
Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total of 43,000 $BTC at an average price of $96,191 and is currently sitting on a loss of $1.4B(-34%).
24 minutes ago
Metaplanet transferred 3,881 BTC over the past three hours, with its current unrealized loss on holdings amounting to roughly $1.4 billion.
According to Lookonchain monitoring, Japanese listed firm Metaplanet Inc. has transferred a total of 3,881 Bitcoin over the past three hours, valued at roughly $247.3 million. Data shows that Metaplanet currently holds around 43,000 BTC in total, with an average purchase cost of $96,191 per Bitcoin. Calculated at current prices, its Bitcoin holdings carry an unrealized loss of approximately $1.4 billion, representing a 34% loss.
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Layer 1 blockchain project Harmony responds to the abnormal ONE token over-issuance incident: It is working with trading platforms to freeze the relevant funds.
Harmony Protocol announced in a post that its team is collaborating with relevant exchanges to attempt to block and freeze funds involved in the incident, while developing a fix and evaluating rollback options. Earlier, on-chain data analysis indicated that Harmony had likely been hacked, with attackers exploiting an empty blocks vulnerability to mint approximately 4 billion ONE tokens without authorization—accounting for around 26% of the current total supply. Around 2.8 billion of these ONE tokens were subsequently transferred to exchanges, triggering market selling pressure and leading to a sharp drop in ONE’s price. According to analysis, the attackers exploited a flaw in the supply verification mechanism, causing the totalSupply interface to fail to reflect the actual number of newly minted tokens in a timely manner and masking the inflationary impact. Harmony stated that it will update the incident’s progress once more information becomes available. The incident remains under investigation at this time.
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Yesterday, U.S. spot Bitcoin ETFs saw a net inflow of $7.8 million, while U.S. spot Ethereum ETFs recorded a net outflow of $1.7 million.
According to data from Farside Investors, Bitcoin spot ETFs posted a total net inflow of $7.8 million on August 11. BlackRock’s IBIT recorded a $50.2 million net inflow, while Fidelity’s FBTC saw an outflow of $4.1 million, ARKB an outflow of $11.5 million, EZBC an outflow of $16.5 million, and HODL an outflow of $10.3 million. The remaining ETFs had minor or zero capital flows. For Ethereum spot ETFs, total net outflows reached $1.7 million on August 11. BlackRock’s ETHA posted a $600,000 net inflow, while Franklin’s FETH saw a $2.3 million outflow, with all other Ethereum ETFs registering zero capital flows.
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Binance adds GameStop bStocks tokenized securities to its margin collateral assets
According to official announcements, Binance will add GameStop bStocks (GMEB) as an eligible collateral asset for Cross Margin, Portfolio Margin, and Portfolio Margin Pro starting at 12:00 UTC on August 12. Qualified users can use this bStocks token as collateral for margin trading, and margin trading support will also be enabled for related GMEB trading pairs. However, lending functionality is not currently supported for this asset.
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The payment public chain Tempo recorded an all-time high in stablecoin trading volume last week.
Payment public blockchain Tempo announced in a post that its weekly stablecoin transfer volume has hit an all-time high. Last week, Tempo's transaction volume exceeded $175 million, with its cumulative transaction volume surpassing $1.2 billion since its launch in March.
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.
Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total...
Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total of 43,000 $BTC at an average price of $96,191 and is currently sitting on a loss of $1.4B(-34%).
24 minutes ago
Metaplanet transferred 3,881 BTC over the past three hours, with its current unrealized loss on holdings amounting to roughly $1.4 billion.
According to Lookonchain monitoring, Japanese listed firm Metaplanet Inc. has transferred a total of 3,881 Bitcoin over the past three hours, valued at roughly $247.3 million. Data shows that Metaplanet currently holds around 43,000 BTC in total, with an average purchase cost of $96,191 per Bitcoin. Calculated at current prices, its Bitcoin holdings carry an unrealized loss of approximately $1.4 billion, representing a 34% loss.
24 minutes ago
Layer 1 blockchain project Harmony responds to the abnormal ONE token over-issuance incident: It is working with trading platforms to freeze the relevant funds.
Harmony Protocol announced in a post that its team is collaborating with relevant exchanges to attempt to block and freeze funds involved in the incident, while developing a fix and evaluating rollback options. Earlier, on-chain data analysis indicated that Harmony had likely been hacked, with attackers exploiting an empty blocks vulnerability to mint approximately 4 billion ONE tokens without authorization—accounting for around 26% of the current total supply. Around 2.8 billion of these ONE tokens were subsequently transferred to exchanges, triggering market selling pressure and leading to a sharp drop in ONE’s price. According to analysis, the attackers exploited a flaw in the supply verification mechanism, causing the totalSupply interface to fail to reflect the actual number of newly minted tokens in a timely manner and masking the inflationary impact. Harmony stated that it will update the incident’s progress once more information becomes available. The incident remains under investigation at this time.
24 minutes ago
Yesterday, U.S. spot Bitcoin ETFs saw a net inflow of $7.8 million, while U.S. spot Ethereum ETFs recorded a net outflow of $1.7 million.
According to data from Farside Investors, Bitcoin spot ETFs posted a total net inflow of $7.8 million on August 11. BlackRock’s IBIT recorded a $50.2 million net inflow, while Fidelity’s FBTC saw an outflow of $4.1 million, ARKB an outflow of $11.5 million, EZBC an outflow of $16.5 million, and HODL an outflow of $10.3 million. The remaining ETFs had minor or zero capital flows. For Ethereum spot ETFs, total net outflows reached $1.7 million on August 11. BlackRock’s ETHA posted a $600,000 net inflow, while Franklin’s FETH saw a $2.3 million outflow, with all other Ethereum ETFs registering zero capital flows.
24 minutes ago
Binance adds GameStop bStocks tokenized securities to its margin collateral assets
According to official announcements, Binance will add GameStop bStocks (GMEB) as an eligible collateral asset for Cross Margin, Portfolio Margin, and Portfolio Margin Pro starting at 12:00 UTC on August 12. Qualified users can use this bStocks token as collateral for margin trading, and margin trading support will also be enabled for related GMEB trading pairs. However, lending functionality is not currently supported for this asset.
24 minutes ago
The payment public chain Tempo recorded an all-time high in stablecoin trading volume last week.
Payment public blockchain Tempo announced in a post that its weekly stablecoin transfer volume has hit an all-time high. Last week, Tempo's transaction volume exceeded $175 million, with its cumulative transaction volume surpassing $1.2 billion since its launch in March.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing mixed price action on Wednesday as traders assess key technical support levels. BTC remains under pressure after its recent decline, while ETH is attempting to extend its rebound from the 50-day Exponential Moving Average (EMA). Meanwhile, XRP is holding above the crucial $1 level, keeping its recovery attempt intact.
Bitcoin shows early signs of weaknessBitcoin price trades around $63,700 on Wednesday, retaining a bearish near-term bias as it holds below all key EMAs. The 50-day EMA at $64,580, the 100-day EMA at $66,756 and the 200-day EMA at $72,496 all sit above spot, suggesting the broader trend remains under downside pressure despite the recent bounce from sub-$63,000.
Momentum indicators are subdued, with the Relative Strength Index (RSI) at 47 hovering just below neutral and the Moving Average Convergence Divergence (MACD) below zero with a slightly negative reading, hinting at a weak, corrective tone rather than impulsive buying.
On the topside, immediate resistance is seen at the horizontal level around $64,004, just above the current price, with the 50-day EMA at $64,580 reinforcing this initial cap. Further up, the 100-day EMA at $66,756 and the 200-day EMA at $72,496 define successive barriers before a more distant structural ceiling at $75,719.
On the downside, the key psychological support is at $60,000. A daily close below this latter area would trigger deeper correction toward the yearly low of $57,800 set on July 1.
BTC/USDT daily chartEthereum finds support at key zoneEthereum price trades at $1,885 on Wednesday. ETH price holds above the 50-day EMA at $1,864, suggesting near-term underpinning, but remains capped below the 100-day EMA at $1,924, keeping the broader tone neutral rather than decisively bullish. The 200-day EMA at $2,145 stays well overhead as a medium-term barrier, while the RSI around 51 hints at balanced momentum and the MACD below zero reinforces lingering downside risks despite the pair stabilizing above its short-term trendline.
On the downside, immediate support is seen at the 50-day EMA near $1,864, with a deeper structural floor down at the horizontal level around $1,385.
On the topside, initial resistance appears at the 100-day EMA at $1,924, ahead of the psychological $2,000 horizontal barrier; beyond that, the 200-day EMA at $2,145 would become the next key obstacle for any sustained recovery.
ETH/USDT daily chartXRP price trades at $1.021 on Wednesday, retaining a bearish near-term bias as price holds below the key EMAs. The 50-day EMA at $1.094, the 100-day EMA at $1.176 and the 200-day EMA at $1.377 all sit overhead, suggesting the pair remains capped by a layered technical ceiling.
Momentum conditions are soft, with the RSI at 38 hovering below the neutral 50 line and the MACD anchored in negative territory, which reinforces the idea of fading upside attempts rather than a clean reversal.
On the downside, immediate support is located at the horizontal level around $1.000, where buyers could attempt to slow the decline if selling pressure persists.
On the topside, initial resistance is seen at the 50-day EMA near $1.094, followed by the 100-day EMA at $1.176 and the prior horizontal barrier at $1.300; higher up, the 200-day EMA at $1.377 and the distant resistance at $1.900 define a broader supply zone that would likely cap any stronger recovery while the XRP trades below these levels.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.
Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.
Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.
Hayes argues the Fed's existing $60B FIMA limit is too small to support intervention on the scale Japan may require.
Arthur Hayes published a new essay this week arguing that the US Treasury and Japan’s Ministry of Finance have settled on a single method to strengthen the yen: running newly printed dollars through the Federal Reserve’s currency swap facility.
Hayes says the mechanics point to a wave of dollar liquidity hitting the global markets, and he’s positioning Bitcoin (BTC), gold, and Ethereum (ETH) to catch the bulk of it.
The Plan, and Why Hayes Says It’s the Only One That Works Hayes lays out three ways Japan could push the yen higher. The Bank of Japan could raise rates aggressively, but doing so would deepen losses on its own mountain of low-yield bonds and raise Tokyo’s debt service costs.
Japan could also lean on institutions like the pension fund GPIF to sell foreign assets and buy domestic ones, but that would turn one of the largest holders of US Treasuries into a seller, something Washington can’t stomach given how dependent American markets are on that demand.
The third option, which Hayes calls the preferred one, works differently. The MOF would repo its Treasury holdings to the Fed through the FIMA facility in exchange for dollars, then sell those dollars to buy yen in the open market.
The catch now is size. The facility caps each counterparty’s outstanding loan at $60 billion, and a recent joint intervention burned through more than $100 billion while only pushing the yen up 5% for a few trading days. Removing that cap and adding counterparties like GPIF would change the math. Between Japan’s government and GPIF, Hayes counts $1.373 trillion in Treasury holdings that could theoretically flow through the facility, a number he compares to the roughly $4 trillion the Fed printed during COVID.
Hayes frames the outcome bluntly. “The more they print, the higher Bitcoin goes,” he wrote, adding that he’d rather see the liquidity land in Bitcoin and gold than in AI infrastructure spending he considers wasteful.
You may also like: The Ethereum (ETH) Chart Everyone Is Watching Has a Problem: $1,475 May Never Come Only 90 Bitcoin Wallets Hold 10K+ BTC: And That Number Just Hit a 6-Month High BTC Price Drops Below $64K as Peter Schiff Urges Investors to Sell Bitcoin Among altcoins, he singled out ETH as undervalued relative to other majors and named Ethena’s ENA token as a smaller bet he thinks could still multiply several times over.
The Yen Backdrop Driving the Bet Hayes’s essay follows weeks of analysts flagging the same currency pressure from different angles. After the Bank of Japan held rates at 1% in late July, EGRAG CRYPTO warned that Japan is approaching one of the most dangerous monetary crossroads in modern financial history, cautioning that unwinding yen-funded trades could force selling across stocks, bonds, and Bitcoin alike.
That came weeks after the yen fell to its weakest level against the dollar since 1986, a move Spot On Chain’s Hupzy said would keep supporting crypto as long as the macro tailwind from currency depreciation persists until the rate differential narrows.
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.
Leading cryptocurrencies held steady on Tuesday as equities extended losses, with investors bracing for this week’s key inflation data
Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:25 p.m. EDT)Bitcoin (CRYPTO: BTC)-0.44%$63,704.13
Ethereum (CRYPTO: ETH)
+0.32%$1,881.51XRP (CRYPTO: XRP) +0.90%$1.02Solana (CRYPTO: SOL) +0.62%$76.33Dogecoin (CRYPTO: DOGE) +3.41%$0.07231Crypto Market Consolidating?Bitcoin remained within a tight range, fluctuating between $63,100 and $64,400, while its 24-hour trading volume decreased. Ethereum also experienced a dip in trading volume, while XRP and Dogecoin closed higher from the previous day.
Cryptocurrency-related stocks edged lower, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.27% and 0.06%, respectively.
Over $170 million was liquidated from the cryptocurrency market in the last 24 hours, with long position traders bearing the brunt of the losses, according to Coinglass data.
Bitcoin’s open interest rose 0.94% over the last 24 hours. A jump in open interest while the price goes down typically indicates new sellers entering the market and opening fresh short positions, which in turn could be a sign of bearish sentiment.
"Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:27 p.m. EDT)Union (U) +222.97% $0.05907Velvet (VELVET) +38.49% $0.5987Humanity (H) +11.26% $0.09075The global cryptocurrency market capitalization stood at $2.19 trillion, following a decline of 1.15% over the last 24 hours.
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Stocks Close in the RedStocks extended their losses on Tuesday. The Dow Jones Industrial Average fell 184.13 points, or 0.34%, to end at 53,791.85. The S&P 500 declined 0.32% to close at 7,728.20, while the tech-heavy Nasdaq Composite shed 0.60% to end at 26,445.45.
The deadlock between the U.S. and Iran dragged on as President Donald Trump responded to Iran’s demand for reparations by placing his own demands.
Investors will next focus on a critical round of inflation figures, as the July consumer price report is scheduled for Wednesday and the producer price index for Thursday.
Bitcoin Waiting for CPI Report?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, noted that Bitcoin typically dips in the days leading up to CPI releases, adding that if the figures come in better than expected, the asset will likely rise.
On-chain analytics firm CryptoQuant spotlighted that Bitcoin reserves on Binance have surged to their highest level since February
“Binance’s reserves reaching their highest level since February represents a significant shift compared with periods of lower Bitcoin supply on the platform,” the research firm said. “This signal becomes more significant if reserves continue to rise while the price weakens or exchange deposit inflows increase.”
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Photo: Sodel Vladyslav / Shutterstock
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TLDR: The Bank of Russia proposes a 300,000 ruble ($3,645) annual crypto cap per intermediary. Unqualified investors limited to Bitcoin, Ethereum, and Tether USDT under draft rules. Qualified investors face no purchase limit on exchange or OTC crypto trading. Public consultation on the draft crypto rules remains open until August 24. Russia Crypto Purchase Cap for retail investors would limit annual digital asset buying to 300,000 rubles, or about $3,645, according to a new Bank of Russia proposal.
The draft rule restricts unqualified investors to Bitcoin, Ethereum, and Tether USDT only. Officials opened the framework for public comment through August 24.
Crypto Purchase Cap Applies Per Intermediary for Retail Buyers The Bank of Russia published its draft instruction on August 11, outlining a yearly spending ceiling. Unqualified investors would be limited to 300,000 rubles worth of crypto purchases annually.
That cap applies separately through each broker, crypto exchange operator, or asset manager used.
An investor working across several platforms could reach the limit multiple times over. Each intermediary tracks purchases independently, meaning the ceiling resets per provider rather than per person.
This structure allows retail investors some flexibility while still capping total exposure per channel.
Regulators designed the crypto purchase cap to reduce risk for less experienced market participants.
Digital asset prices can shift quickly, and unqualified investors often lack tools to manage volatility. The Bank of Russia positioned the limit as a safeguard rather than a ban.
Officials linked the proposal to a broader law governing digital asset access for retail investors. That law directs the central bank to define which cryptocurrencies qualify for public trading. Selection depends on measurable criteria rather than discretionary choices by regulators.
Bitcoin, Ethereum, and Tether Meet Eligibility Standards Under Draft Rules The Bank of Russia evaluated eligible assets using market capitalization, trading volume, and price history.
Any cryptocurrency considered for retail access needs five years of documented overseas pricing. This threshold excludes newer tokens regardless of current market performance or popularity.
Bitcoin, Ethereum, and Tether USDT satisfied these requirements and made the approved list. These three assets currently represent the only cryptocurrencies retail investors could purchase domestically. Other tokens remain excluded until they accumulate sufficient trading history and volume data.
Qualified investors, by contrast, face no purchase cap under the proposed framework. They can trade any cryptocurrency listed on exchanges or over-the-counter markets without restriction. This creates a clear divide between retail-level access and qualified investor privileges.
Before executing any crypto transaction, all investors must pass a mandatory risk assessment test.
The requirement applies uniformly, regardless of an investor’s qualified or unqualified classification status. The Bank of Russia is accepting public feedback on the draft until August 24.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The chief investment officer at Franklin Crypto, Seth Ginns, has voiced strong opposition to the proposed reduction in Ethereum’s staking rewards, arguing that the network does not face an urgent issue that would justify such a move.
Pushback against EIP-8363During an episode of the Bits + Bips show, Ginns directly addressed EIP-8363, also called the “Tapered Issuance Burn.” He described the proposal as a “solution looking for a problem” and questioned the necessity of the changes at this time. Ginns emphasized that he did not view the concerns behind the proposal as urgent and cautioned against implementing major economic changes without an extended period of open discussion.
EIP-8363, introduced on August 4 by six researchers including Justin Drake from the Ethereum Foundation, presents a new model for managing the issuance of validator rewards. The plan would gradually increase the proportion of new staking rewards burned as the total ETH staked grows, culminating in a 100% burn rate once staking reaches 60.25 million ETH, about half of Ethereum’s current supply. The mechanism would unfold over 18 months and only affect new rewards, leaving validator income from transaction fees and tips unchanged.
The proposal remains in draft status and is unlikely to be included in Ethereum’s impending network upgrade.
Mini dictionary: EIP-8363 (Ethereum Improvement Proposal 8363), dubbed the “Tapered Issuance Burn,” is a draft proposal to reduce staking rewards by burning a larger share of newly issued ETH as more coins are staked, aiming to address concerns about centralization.
Arguments for and against the proposalSupporters of EIP-8363 contend that the gradual burn would help limit the amount of ETH locked in staking, thereby reducing the risk of centralization by large operators. They argue that too much staking could give disproportionate influence to a small number of powerful validators.
Ginns, however, dismissed the notion that large institutional participants have taken control of Ethereum. He highlighted that digital asset treasuries and spot ETFs have together contributed more than $10 billion into ETH over the past year. Ginns maintained that this “institutional wave of flows has been unambiguously positive” for the Ethereum network, and cautioned against viewing these inflows as problematic.
Ginns argued against labeling the influx of institutional funds as a sign of capture, stating that it is an oversimplification of Ethereum’s evolving landscape.
Others within the Ethereum ecosystem have echoed Ginns’s concerns. Stani Kulechov, founder of Aave, referred to EIP-8363 as potentially one of the most strongly opposed proposals in Ethereum’s history. Mike Silagadze, who leads ether.fi, warned that implementing the burn could push solo stakers out of the network, favoring larger players.
Ginns concluded that instead of focusing on further modifications to tokenomics, Ethereum developers and stakeholders should prioritize encouraging real-world use cases and broad adoption.
Prominent community members have cautioned that EIP-8363 could harm network diversity and discourage participation by smaller validators.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Key TakeawaysAltcoins to Buy Now, Ranked by Market Cap1. Bullski ($BULLSKI)2. Ethereum (ETH)3. Litecoin (LTC)4. Hedera (HBAR)5. Avalanche (AVAX)Why Bullski’s Entry Price Is Still FixedWhat Would Start an Altcoin RunMaking Room for a Presale PositionAltcoin Buying QuestionsWhich altcoin should I buy right now?Is Litecoin still worth holding in 2026?Why do altcoins fall harder than Bitcoin?Can I buy Bullski with USDT?For More Information Ethereum is the anchor of the altcoin market at about $226.0 billion on August 10, 2026. Litecoin, Hedera and Avalanche all sit between $2.8 billion and $3.5 billion, which is the mid-cap band. Bullski has no market price at all. Stage 1 of its sixteen-step sale is fixed at $0.00001. Every traded name here is more than 80 percent below its record, which is where value hunters look. Shopping for altcoins to buy now in August 2026 means working with a flat market. Ethereum, Litecoin, Hedera and Avalanche are all well below their best levels and all drifted lower over the last day. Bullski ($BULLSKI) is the exception on this page, because a presale price does not drift.
Stage 1 costs $0.00001 and holds there. Start at the live stage on bullski.io to see the rung for yourself.
Altcoins to Buy Now, Ranked by Market Cap Quick answer: Ethereum is the safest altcoin holding by size and usage. For an entry that a flat market cannot reprice while you think about it, Bullski is on stage 1 at $0.00001.
The four traded names below are ordered by size, with the presale entry at the top of the page.
1. Bullski ($BULLSKI) Bullski is the only name here you cannot buy on an exchange. Its price comes from a schedule instead, and right now that means $0.00001 on the first rung, with $0.000015 waiting at stage 2.
The token is an ERC-20 on Ethereum and the supply stops at 120 billion. A 16-stage ladder runs from today’s price up to a $0.0025 listing reference, so the whole path is on the table before you decide.
The usual checks are open. The verified contract sits on Etherscan for anyone to inspect. An audit is under way.
Liquidity gets locked at launch. Staking and referrals both pay during the sale. The plain drawback is the lack of a market until listing.
2. Ethereum (ETH) Ethereum traded at $1,872.98 on August 10, 2026, worth about $226.0 billion, and slipped 2.6 percent on the day. Its record was $4,946.05 in August 2025. It is where most token activity settles, which is steady demand rather than a story.
Cheaper competing chains are the pressure that never lets up.
3. Litecoin (LTC) Litecoin was $45.07 for a cap near $3.49 billion, per CoinGecko. It reached $410.26 in May 2021. It is one of the oldest coins still in daily use and moves value quickly and cheaply.
Being old and reliable also means it rarely captures attention when money rotates.
4. Hedera (HBAR) Hedera sat at $0.068 for roughly $2.98 billion, down from $0.5692 in September 2021. Its governing council includes large multinational companies, which is a real point of difference. Corporate adoption moves at corporate speed, so patience is part of the position.
5. Avalanche (AVAX) Avalanche changed hands at $6.48 for about $2.80 billion, a long way from $144.96 in November 2021. It is genuinely fast and carries real application activity. The gap between that activity and the token price is the frustration its holders have lived with for years.
Why Bullski’s Entry Price Is Still Fixed A staged sale prices by rung, not by demand. Nobody outbids you and no chart moves against you while you decide. That is unusual enough to be worth stating plainly.
Three fixed facts sit under it. The supply cannot grow. The contract is public.
Liquidity locks when the token launches. The $BULLSKI presale structure sets all of it out in one place on the official site.
Fun fact: Litecoin peaked at $410.26 in May 2021 and trades at $45.07 today. The gap between a record and a present price is the single most common feature of any altcoin list.
What Would Start an Altcoin Run Two things usually come first. Bitcoin steadies at a level for a few weeks, and money starts moving down the size ladder looking for bigger percentage moves.
A third thing helps, which is a stretch of calm. Sharp moves in either direction keep money in the largest coins, because that is where it can be moved quickly. Weeks of small changes are what push buyers to look further down the list for something with more room.
Neither is happening yet. Most of this list is down 1 to 3 percent over a day and the mood is patient rather than excited. Quiet periods are when positions get built, which is the same conclusion our earlier look at the top altcoins to watch reached in July.
Altcoin
Price, August 10, 2026
Market cap
Record high
Bullski ($BULLSKI)
$0.00001, stage 1 of 16
Not listed yet
No trading history
Ethereum (ETH)
$1,872.98
$226.0 billion
$4,946.05 in August 2025
Litecoin (LTC)
$45.07
$3.49 billion
$410.26 in May 2021
Hedera (HBAR)
$0.068
$2.98 billion
$0.5692 in September 2021
Avalanche (AVAX)
$6.48
$2.80 billion
$144.96 in November 2021
Making Room for a Presale Position An altcoin basket built only from traded names moves as one when the market turns. Adding an entry that is priced by schedule rather than by sentiment changes that shape, and the meme coins buyers are picking up right now covers the same idea from the meme side.
There is a second reason to hold one position outside the traded set. When altcoins do move together, they also fall together, and a fixed presale price is the one line on a portfolio that a bad week cannot touch.
The steps are short. Fund an Ethereum wallet with ETH or USDT, open the official site, read the live rung, then add $BULLSKI at stage 1 today. Stake the tokens straight away if you want the rewards running.
Keep it the smallest slot in the basket.
Altcoin Buying Questions Which altcoin should I buy right now? Ethereum is the default choice for size and usage, and it trades 62 percent below its 2025 record. For a fixed early entry, Bullski is on stage 1 at $0.00001.
Is Litecoin still worth holding in 2026? At $45.07 it is far from its $410.26 peak and still processes payments reliably every day. It is a slow, steady holding rather than a fast one.
Why do altcoins fall harder than Bitcoin? Smaller markets have thinner order books, so the same selling pressure moves the price further. The same arithmetic works in reverse when money comes back.
Can I buy Bullski with USDT? Yes. The sale takes ETH or USDT from an Ethereum wallet, and the current stage price of $0.00001 is shown on the official site.
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.
Ethereum is stabilizing above a crucial support region, drawing attention from investors as significant whale accumulation and staking activity hint at renewed long-term confidence in the asset. Traders remain alert to the possibility of a broader recovery should sustained buying pressure continue.
Ethereum whales boost accumulation as price holds supportETH is trading at $1,887.04 with a 24-hour trading volume of $8.05 billion and a total market capitalization of $227.73 billion. Despite muted movement in the last 24 hours, analysts continue to focus on the asset’s technical structure, suggesting that a potential reversal is forming.
Analyst Nehal pointed out that Ethereum is defending the $1,720 to $1,780 range, a zone seen as essential for stabilizing ongoing price trends. Maintaining this area could reinforce the bullish structure and indicate that selling pressure may be tapering off.
If Ethereum can confidently remain above this level, traders believe it increases the likelihood of a recovery toward $2,200. However, a decisive fall below the support range could undermine bullish prospects in the near term.
Blockchain monitoring service Lookonchain flagged notable whale activity, reporting that wallet 0x2d59 added 50,000 ETH—valued at approximately $93.6 million—and staked the entire purchase. The whale had previously acquired 40,000 ETH a week earlier, bringing total recent accumulation to $170 million.
ETH whale 0x2d59 accumulated $170 million worth of Ethereum in recent purchases, staking the assets and reinforcing speculation about long-term commitment.
Staking of these assets has suggested that the whale may not plan to sell in the short term, underscoring a longer-horizon outlook.
Despite bullish signals from accumulation and staking activity, the broader crypto market remains in a neutral phase, largely mirroring recent downward price action in Bitcoin. Investors continue to watch whether Ethereum can maintain critical support and break above resistance at $1,875, which would strengthen the view of a near-term move toward $2,200.
Technical tools and investor strategies evolveMarket participants increasingly seek efficiency and privacy as they monitor rapid changes shaped by central bank decisions and surprise altcoin listings. In a market where a single Fed announcement or a newly listed token can trigger sharp price swings within seconds, investors are finding that switching constantly between various platforms for analysis, news, and portfolio management incurs costly delays.
Smart traders now turn to privacy-focused solutions like CryptoAppsy, which provides consolidated access to real-time charts, price alerts, coin-specific headlines, and macroeconomic signals—all without requiring an account. This unified approach to market tracking allows for faster reaction times and more informed decision-making.
Solana holds support as institutions increase positionsSolana continues to trade within a bullish structure, currently priced at $75.51. The blockchain reports a 24-hour trading volume of $1.42 billion and a market capitalization of $43.92 billion. Although SOL registered a 1.48% decline over the past day, analysts remain focused on the asset’s ability to defend higher lows.
Analyst Michael van de Poppe stated that the region between $73.5 and $74 serves as a critical area for Solana’s ongoing recovery. Holding this support is considered key to sustaining the asset’s upside momentum and supporting a possible breakout toward $120 if ETFs continue to attract inflows.
According to Santiment Intelligence, net institutional inflows into Solana ETFs have reached $8.8 million per day, marking the highest level seen since May 12. This renewed interest aligns with broader network developments, including upgrades, stablecoin expansion, and increased adoption of real-world asset tokenization.
Solana’s ETF-related inflows have hit their highest daily average since May, reflecting a shift in institutional appetite after a quiet period.
Additional technological upgrades such as Alpenglow’s push for rapid finality, Agave 4.2 approaching mainnet launch, and the introduction of xStocks for tokenized equity underscore the blockchain’s ongoing growth. These developments further support the notion that Solana could target higher price levels if momentum persists.
Nevertheless, Solana’s price remains in neutral territory for now, largely reflecting the prevailing market sentiment shaped by Bitcoin’s downturn. The asset’s next move will depend on its ability to maintain support at the $73.5 to $74 region. Decisive retention of this level may prompt new buyers and strengthen the outlook for a move toward $120, buoyed by growth in ETFs and continued network expansion.
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.
After a dramatic correction from the $70–$76 range, Hyperliquid is having trouble regaining its bullish momentum. As of right now, HYPE is trading at $54.54, trapped between significant resistance above and sustained support below. The cluster of moving averages around $56.65-$56.90 is the current issue.
Hyperliquid's recovery is shallowAfter declining in early August, HYPE momentarily recovered toward this area, but buyers were unable to establish a price above it. The recent increase appears more like consolidation than the start of another sustained rally as long as the token stays below $57. At about $61.09, stronger resistance is located.
HYPE/USDT Chart by TradingViewThe short-term structure would be greatly improved by regaining that level, and the $65–$68 range might be reopened. HYPE might attempt another move toward $70 after that. The long-term moving average at around $50.77 is the most significant support on the decline. $50–$51 is a crucial technical threshold because HYPE has stayed above it during the most recent correction.
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Losing it might expose the upper-$40 range and harm the recovery structure as a whole. The RSI is close to 43.3, indicating weak momentum without going into oversold territory. HYPE is still in a neutral-to-bearish consolidation for the time being. The first improvement would be a move above $57, and a stronger reversal signal would still require a move above $61.
Ethereum in a complicated positionWith price compression becoming more apparent following the rebound from June's lows, Ethereum is still consolidating just below $1,900. Right now, ETH is trading at about $1,880, just above its short-term moving average of about $1,875 but below resistance at about $1,922.
ETH/USDT Chart by TradingViewSince late July, buyers have consistently stalled in this $1,900–$1,925 range, making it the immediate breakout threshold. The technical configuration is mixed. Since declining toward $1,550 in June, Ethereum has maintained a series of higher lows, while the shorter moving averages have started to rise.
A stronger dynamic level near $1,808 follows the unaltered support around $1,875. At roughly $2,140, ETH is still well below the long-term moving average. This indicates that despite the improvement since June, the broader trend has not yet moved into a confirmed bullish structure.
Also, momentum has decreased. The RSI's signal line is close to 51, and it is currently at 53.5. This reading reflects the tight price consolidation and gives neither side a significant momentum advantage. The most significant short-term development would be a daily breakout above $1,925, which could refocus attention on $2,000.
The next big target after that is the $2,100–$2,140 range. On the other hand, the likelihood of a return toward $1,800–$1,810 would rise if $1,875 were lost. As a result, Ethereum is still in a recovery structure, but buyers must break the $1,900–$1,925 ceiling before a significant upside continuation is technically plausible.
Bitcoin remains in a narrow downtrendWith neither buyers nor sellers building up enough momentum to compel a decisive move, Bitcoin is still trapped in a narrow consolidation around $63,900. The $63,000–$67,000 range is increasingly central to the current structure. Bitcoin is trading almost exactly between its two shorter moving averages.
BTC/USDT Chart by TradingViewThe faster average is marginally higher at about $64,154, while the closest support is at about $63,325. The sideways price action that has predominated since the start of July is reflected in this compression. Overhead resistance is still the main issue.
The first significant barrier to any recovery is $66,000–$67,000, as Bitcoin is still trading below the falling moving average around $66,742. At about $72,100, the long-term average is still much higher. Momentum provides minimal directional assurance. The RSI has dropped to about 48.4, which is slightly below the neutral 50 threshold. This is in line with the price's apparent lack of follow-through.
The current structure would be weakened by a break below $63,300, bringing $60,000 back into focus, followed by the June low of about $58,000. On the other hand, recovering $66,700 would provide Bitcoin with its first significant technical advancement and might reopen a move toward $70,000–$72,100. As of right now, Bitcoin is still range-bound within a broader bearish structure.
Shiba Inu hits fresh supportAfter failing to maintain its late-July volatility spike, Shiba Inu is once again testing a crucial short-term support area. At the moment, SHIB is trading at about $0.00000450, almost exactly on the moving average at $0.00000445.
SHIB/USDT Chart by TradingViewAdditionally, the token has fallen below the faster average around $0.00000462, suggesting a decline in immediate momentum. SHIB briefly moved toward $0.0000058 due to the late-July spike, but the move was rejected almost instantly. The moving average near $0.00000495 became the main short-term resistance after the price was unable to recover. While the signal line average is still close to 54.3, the RSI has dropped to about 45.1.
Even though SHIB is still far from oversold territory, this divergence shows waning momentum after the unsuccessful breakout attempt. Now, the $0.00000440–$0.00000445 area is critical. A clean breakdown could reveal the July consolidation zone at $0.00000410–$0.00000420.
Another local low would be more likely if that area were lost. SHIB must first recover $0.00000462 and then break through $0.00000495 in order to initiate a bullish reversal. The long-term moving average at $0.000585 is still a significant barrier even after that. Despite its sporadic sharp volatility spikes, SHIB's overall trend remains bearish until those levels are reclaimed.
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Investors pulled $145 million from U.S. spot Bitcoin ETFs on Aug. 10, the largest single-day redemption in over a week, according to data tracked by SoSoValue and highlighted in the original report. Spot Ether ETFs also bled $14.59 million, extending a pattern of tepid demand for Ethereum-based fund products. But the headline numbers masked a telling fissure: Grayscale’s mini trusts, which offer the same underlying exposure at a sharply lower fee, registered notable inflows, with the Bitcoin Mini Trust pulling in $37.06 million and the Ethereum Mini Trust attracting $8.59 million.
The divergence points to a market increasingly discriminating about cost. The Grayscale Bitcoin Trust (GBTC) and its larger Ethereum counterpart have long struggled with outflows as early investors exit and competitors undercut them on management fees. The mini versions, introduced this year, are designed to recapture those dollars by matching fee structures of leading rivals like BlackRock’s IBIT and Fidelity’s FBTC. Monday’s data suggests that strategy is working, at least in relative terms, even as the broader ETF complex faces headwinds.
The Mini Trust Divergence Grayscale’s mini trusts, which trade under tickers BTC and ETH, are physically backed and carry expense ratios of just 0.15%—a fraction of GBTC’s 1.5% fee. When spot Bitcoin ETFs launched in January 2024, GBTC hemorrhaged billions as traders arbitraged the discount to NAV and rotated into cheaper products. That exodus has slowed, but last week’s net outflows show that the product still leaks capital. By contrast, the Bitcoin Mini Trust has steadily grown, and Monday’s $37 million intake was its best day since early July. The gap between the two vehicles reflects the fee sensitivity of both retail and institutional allocators.
Cost is not the only variable. Liquidity, spread, and custody considerations matter, but the fee line is the first filter many investors apply. As the mini trusts gain scale, they could cannibalize GBTC further, forcing a deeper restructuring of Grayscale’s product suite. The question is whether the mini trust inflows represent new money or simply a migration from the older, pricier wrapper.
Ether ETF Demand Remains Soft Ether ETFs fared worse, with the entire category posting $14.59 million in net redemptions. Unlike Bitcoin funds, which have attracted net positive flows over the past month, Ether ETFs have yet to demonstrate durable demand. Since their July launch, spot Ether funds have struggled to convert curiosity into committed capital. Part of the problem is the lack of staking yield: holding ETH through an ETF means forgoing the staking rewards that native holders earn, a drag that becomes more pronounced as on-chain staking rates rise.
The Ethereum Mini Trust’s $8.59 million inflow, though small, suggests that cost-conscious investors are the ones testing the waters, not large-scale institutional whales. Without a staking component, the value proposition for Ether ETFs remains incomplete. Until issuers find a way to incorporate staking returns within a regulated vehicle—something the SEC has so far blocked—these funds will likely trail their Bitcoin counterparts in asset gathering.
Fee Wars Reshape the ETF Landscape The crypto ETF market has evolved into a race to the bottom on cost. With 11 spot Bitcoin ETFs now trading in the U.S., issuers have slashed fees to near zero to differentiate. BlackRock’s IBIT and Fidelity’s FBTC, both waiving fees for initial periods, have dominated flows. Grayscale’s mini products are its defensive response, and the numbers indicate they are clawing back share. Still, Monday’s outflows from the broader group highlight that cost alone cannot shield funds from sentiment-driven redemptions. When Bitcoin’s price wavers or risk appetite contracts, even the cheapest wrapper will see money leave.
Institutional capital is, however, finding other on-chain products. A recent weekly tokenization roundup noted that real-world asset (RWA) markets crossed $20 billion on-chain, with institutions opting for tokenized Treasuries and private credit over volatile crypto funds. This suggests that the same allocators who pulled from Bitcoin ETFs on Monday may be parking capital in yield-generating instruments that feel less speculative. The ETF flows, in that light, look less like a rejection of crypto and more like a rotation within digital asset strategies.
What remains unclear is whether the Grayscale mini trusts can maintain their momentum once the initial fee advantage narrows. As more issuers introduce similar low-cost products, the mini trusts’ edge will erode. Additionally, regulatory uncertainty—something that continues to hang over the sector following a last-minute push by banks to derail a landmark crypto bill—keeps institutional investors cautious. The Senate vote on that bill, covered in a separate report on bank lobbying, could reset the risk calculus for digital asset funds. Until then, flows may remain erratic.
For now, the takeaway is one of fragmentation. The days when one Bitcoin ETF product could dominate are over. Investors are parsing fees, liquidity, and redemption mechanics like never before, and capital flows are reflecting those calculations. The mini trusts may not reverse the overall trend, but they are carving out a growing niche—proof that in an increasingly crowded field, even single-digit basis points can redirect millions.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
In brief The Bank of Russia published a draft directive letting non-qualified investors buy crypto through brokers, capped at 300,000 rubles a year. Only Bitcoin, Ethereum and Tether's USDT made the approved list for public exchange trading. Qualified investors face no such limits; all investors must pass a risk test first. Russia's central bank has proposed its first framework for letting ordinary investors trade crypto on public markets.
The Bank of Russia published a draft directive on Aug. 11 that would let non-qualified investors buy digital assets through brokers, crypto exchanges or managers—within a strict annual ceiling.
"We're setting a limit on the purchase of cryptocurrencies for non-qualified investors," the central bank said in a separate notice. "Through each intermediary—a broker, crypto exchanger, or manager—they will be able to acquire such assets in the amount of 300 thousand rubles per year."
Which coins, and why only threeThe draft names exactly three tokens cleared for public exchange trading: Bitcoin, Ethereum, and Tether’s USDT. The central bank tied the short list to a law signed this month. "The list of digital currencies that the trading organizer is entitled to admit for public circulation on organized trading platforms (hereinafter referred to as the ‘List’): Bitcoin (Bitcoin), Ethereum (Ethereum), Tether USDT (Tether USDT)." the notice reads.
The filter is liquidity and track record. Under the new federal law on digital currencies, a coin's market cap, average daily volume and at least five years of pricing history on foreign platforms decide if it qualifies. "To protect non-qualified investors from sharp and unpredictable fluctuations in cryptocurrency rates, only the most liquid of them will be available to them," the bank said.
The cap itself is written into the directive's operative text. "The maximum amount of the total value of digital currencies acquired through a broker during the calendar year amounts to 300 thousand rubles," Article 2 states.
XRP, the cryptocurrency created by the founders of payments company Ripple in 2012, has been left off the approved list for now. The token would seemingly qualify given the criteria, but XRP over the years has gone through regulatory troubles—stemming from a since-settled SEC lawsuit against Ripple—that caused the token to be delisted and then relisted on several exchanges, which could be playing a factor.
Retail gets a door; whales get the marketQualified investors—Russia's wealthier, accredited class—face none of these walls. "Qualified investors will be able to acquire all cryptocurrencies that will be traded on the exchange and over-the-counter markets, without restrictions," the notice says. Before any trade, though, everyone takes a test. "All investors, regardless of their status, will need to pass testing and familiarize themselves with the risks of investing in cryptoassets."
The move follows the central bank's earlier steps to open crypto to wealthy investors, and lands as Tether's role draws scrutiny—the stablecoin issuer has frozen millions in USDT tied to sanctioned Russian exchanges.
The Bank of Russia accepts comments until Aug. 24, and the directive takes effect 10 days after its official publication, signed by Governor Elvira Nabiullina.
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