Track market-moving stories before they get noisy

Vitalik Buterin said on Wednesday that Ethereum (CRYPTO: ETH) is gradually transforming from just a blockchain into a “much bigger” network with multiple layers.

At the 12th Global Blockchain Summit in Shanghai, Buterin expressed optimism about the “huge amount of progress” in the Ethereum world, both at the protocol and application levels.

He indicated that every hard fork — a permanent change to the blockchain’s protocol— a year from now will involve “very advanced” cryptographic features, including “quantum-safe” signature algorithms.

Technology EvolutionButerin argued that many applications on Ethereum were created before newer technologies—such as programmable privacy and the ability to verify the security of complex code—became available. Today, he said, those tools are increasingly within reach.

“All of these things together, they all are turning Ethereum from being just a blockchain to being this much bigger network with different layers at it,” the cryptocurrency entrepreneur said.

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Buterin’s Views on AI and Crypto IntersectionButerin has been a strong proponent of AI, frequently backing AI-powered solutions to help combat the AI threats to cryptocurrency security.

In February, he mapped out key ways Ethereum could team up with AI, detailing four interconnected priorities in a 2×2 framework.

Earlier this month, Butering pushed back against a prediction that AI could undermine Bitcoin’s (CRYPTO: BTC) security and trigger a more than 50% price crash within two years.

Price Action: As of this writing, ETH is up 1.4% in the last 24 hours to $2,714, according to Benzinga Pro. 

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A new Ethereum proposal is pushing the boundaries of privacy and compliance in real-world asset (RWA) tokenization. Developer Aryeh Greenberg has submitted a draft token interface that layers regulatory controls on top of confidential on-chain transfers, opening a fresh debate about how regulated assets can coexist with blockchain privacy.

What the Proposal Does In practical terms,

The new draft goes further. It adds compliance checks, asset freezing powers, and forced transfers to that confidential foundation. Crucially, This means authorized parties could enforce certain transfers without exposing the underlying transaction amounts to the broader market.

The proposal remains an unmerged draft.

Why It Matters for RWA Tokenization The tension between privacy and compliance is a long-standing challenge for institutional adoption of blockchain. Existing frameworks like ERC-3643 address compliance for public tokens, but Greenberg's proposal is among the first to attempt this for tokens where balances and amounts are kept private by design.

A confidential RWA standard could address exactly that gap, giving issuers the enforcement tools regulators expect while preserving the financial privacy that institutional counterparties increasingly demand.

The draft is still at an early stage and will need broader community review before it has any chance of becoming a formal Ethereum standard. Greenberg's prior work includes co-authoring ERC-7984 itself, which was first published in July 2025.

Sources:
Ethereum ERCs Pull Request #2034: Add ERC Confidential Real World Asset Token (GitHub)
ERC-7984: Confidential Fungible Token (Ethereum Improvement Proposals)
ERC-7984: The Confidential Token Standard Explained (Zama)

Key Highlights ETH maintains position around $2,680 with a 0.40% gain in the last 24 hours Major holders controlling 10K-100K ETH accumulated 260K tokens starting Saturday, reversing prior week’s selling trend Spot Ethereum ETFs in the US recorded their fourth consecutive session of positive net flows totaling $104.6 million BlackRock’s ETHA product dominated with $50.8 million in inflows on September 23 Critical support zone between $2,560-$2,600 faces retest after converting from resistance Ethereum currently sits at $2,680, marking a 0.40% increase during the previous 24-hour period. The digital asset maintains a market capitalization of approximately $328 billion.

Ethereum (ETH) Price Major Ethereum holders have shifted back into accumulation mode. According to CryptoQuant analytics, addresses containing between 10,000 and 100,000 ETH have acquired 260,000 tokens beginning Saturday.

This accumulation represents a sharp reversal from recent activity. The identical cohort of large holders had previously disposed of 140,000 ETH across a three-day period following the Senate’s stalling of the Clarity Act.

Mid-tier holders exhibited contrasting patterns. Addresses controlling 1,000 to 10,000 ETH maintained relatively stable positions before executing a modest 50,000 ETH reduction over the most recent 48-hour window.

Those managing between 100 and 1,000 ETH continued their distribution trend. This segment has collectively released approximately 140,000 ETH since the Clarity Act developments emerged.

On-exchange metrics reveal withdrawals exceeding deposits in recent sessions. This pattern indicates certain market participants are accumulating during price weakness while others secure gains.

Institutional Appetite Maintains Momentum United States-based spot Ethereum exchange-traded funds recorded their fourth consecutive session of positive net capital flows. Wednesday’s aggregate figure reached $104.6 million.

BlackRock’s ETHA product dominated institutional demand, capturing $50.8 million. This represents approximately half of the total daily inflow volume.

Fidelity’s FETH product followed closely, securing $41.3 million during the identical trading session.

Market analyst Ted, recognized on social platforms as @TedPillows, offered perspective on current market dynamics. He noted ETH is experiencing a minor pullback and anticipates a retest around $2,550 before resuming upward momentum.

Critical Price Level Under Examination Another market observer operating under the handle BATMAN highlighted the $2,560-$2,600 band as a crucial technical zone for ETH. This region previously functioned as overhead resistance and has undergone multiple support validation tests.

$ETH is heading back toward the key $2.56K–$2.60K zone. That was previous resistance and has flipped into support multiple times.

200 EMA sits around $2.46K below. Watching how Ethereum reacts as it gets there. pic.twitter.com/OlxVGqdqsB

— BATMAN ⚡ (@CryptosBatman) September 24, 2026

Should ETH successfully defend this zone during corrective price action, it would validate the transformation from resistance to support. The 200-day exponential moving average hovers nearby at approximately $2,460, providing traders with an additional reference point.

From a technical perspective, ETH currently trades above the median Bollinger Band positioned at $2,547.65. The upper band extends to $2,767.17.

The MACD indicator registers at 96.50, positioned above its signal line at 86.47. The histogram displays a positive reading of 10.02, although the separation between lines remains relatively narrow.

Coinglass metrics indicate $74.5 million in forced liquidations throughout the past 24 hours. Long position liquidations accounted for $44.4 million of that volume.

Overhead resistance markers beyond current pricing include $2,786 and $2,894, with an additional obstacle positioned at $3,177.

Regarding broader market conditions, Brent crude oil advanced nearly 3% Thursday following the collapse of US-Iran diplomatic discussions. The United States 10-year Treasury yield surpassed 5.15%, reaching its most elevated point since June 2007.

Bitcoin and Ethereum have remained near their recent highs as renewed talks between the United States and Iran have brought another proposal to reopen the Strait of Hormuz into focus, with lower oil prices potentially easing one of the pressures that has kept Treasury yields elevated.

Summary

Iran has proposed a seven day plan to end hostilities and reopen the Strait of Hormuz before comprehensive nuclear talks begin with the United States. Bitcoin and Ethereum could benefit if a lasting reopening pushes oil prices lower and eases some of the inflation and Treasury yield pressure weighing on risk assets. Similar attempts to reopen Hormuz have raised market hopes several times in recent months before negotiations or agreements broke down. Bitcoin faces resistance around $86,700 to $87,400, while Ethereum would need to reclaim $2,700 before another attempt at the recent $2,789 high. Iranian Foreign Minister Abbas Araghchi said Thursday that Tehran had proposed a seven day plan to Washington under which hostilities would stop before the Strait of Hormuz reopened and comprehensive negotiations over Iran’s nuclear program began.

The proposal, delivered through intermediaries, calls for an end to hostilities including in Lebanon, the release of at least $12 billion in frozen Iranian assets, sanctions waivers for Iranian oil and the lifting of the U.S. naval blockade. Iran would reopen the strait at the end of the seventh day if those conditions were met.

Araghchi said Tehran was ready to start implementing the plan as soon as Washington agreed. An American official familiar with the discussions described talks through mediators as positive and constructive, but said Washington would not rush into an agreement.

Markets have already shown some sensitivity to the possibility of progress. WTI crude fell more than 2.5% to around $89 a barrel on Sept. 22 after Iran signaled that Hormuz could reopen within a week, while Brent dropped below $98. Bitcoin was trading close to $86,000 at the time.

Bitcoin has since settled near $84,000 after reaching $87,392 earlier in the week. Ethereum has held around the $2,600 area following its recent rejection near $2,800.

Bitcoin and Ethereum face high yields despite recent gains Any agreement between Washington and Tehran would arrive while crypto traders are dealing with a difficult U.S. macro backdrop.

The Federal Reserve raised its benchmark rate by 25 basis points on Sept. 16 to a range of 3.75% to 4%, saying inflation remained elevated even as economic activity continued to expand at a solid pace.

Bond yields have continued climbing since the decision. The U.S. 10 year Treasury yield reached 5.11% on Sept. 24, up from 4.96% a day earlier, while the 30 year yield moved to 5.40%. The 10 year real yield climbed to 2.76%.

Rising oil prices have been part of that pressure. Brent moved above $100 earlier in September as fighting around Iran raised concerns over energy supplies, while the prospect of another Fed rate hike has kept borrowing costs in focus.

Crypto.news previously reported that Bitcoin held near $84,000 as the 10 year Treasury yield approached 5.2% during trading on Sept. 24. Oil prices were rising at the same time, while Fed officials kept another rate hike on the table.

Bitcoin has so far absorbed much of that pressure. U.S. spot Bitcoin ETFs recorded roughly $2.65 billion in net inflows over five sessions through Sept. 23, while wallets holding between 100 and 1,000 BTC accumulated 113,950 BTC from July 15 through Sept. 23.

The five day ETF inflow streak included $346.98 million on Sept. 23 after nearly $999 million on Sept. 21 and $714.7 million the following day.

Exchange balances have moved in the same direction. More than 13,800 BTC left Binance on a net basis in one day, the largest daily outflow from the exchange since 2023, while Bitcoin remained above $84,000.

Ethereum has followed a similar recovery, though its latest rally stalled below $2,800. ETH traded near $2,675 on Sept. 23 after reaching roughly $2,789, while U.S. spot Ethereum ETFs received $162.2 million on Sept. 22 and another $105 million the following session.

The token remained above its longer term four hour moving averages during the pullback, with Ethereum holding above its 50, 100 and 200 period averages even after losing the shorter 20 period average.

Why traders have heard Hormuz reopening plans before The latest negotiations are not the first attempt this year to reopen the Strait of Hormuz.

Washington and Tehran reached a 14 point memorandum of understanding in June that declared an end to the war and provided for commercial vessels to resume using the waterway. Iran was expected to facilitate safe passage without charges for 60 days while the two countries worked toward a final agreement.

The arrangement soon began to break down.

Tehran interpreted the agreement as recognizing its authority to manage traffic through Hormuz, while Washington and Gulf states maintained that commercial vessels should have unrestricted passage without Iranian control.

By July, Iran had fired on vessels it said were using an unauthorized route and declared the strait closed again. Washington revoked a license allowing Iranian oil sales on July 7, while Tehran accused the United States of violating the memorandum. President Donald Trump subsequently described the initial ceasefire as over.

Attempts to restore traffic continued through the summer.

Iran said in August that it was preparing another set of conditions for reopening the strait after mediators approached Tehran. Officials discussed a shipping corridor with Oman, but Iran tied a full reopening to an end to the war, removal of sanctions, compensation and the lifting of what it described as a U.S. blockade.

Ceasefire arrangements announced in April and June had both been intended to restore maritime traffic but failed to hold, according to Reuters.

The latest proposal therefore resembles parts of the June arrangement but compresses the timetable. The earlier memorandum gave Washington and Tehran as long as 60 days to negotiate a final agreement. Araghchi’s new plan would reopen Hormuz after seven days and move directly into comprehensive nuclear negotiations.

What happens to Bitcoin and Ethereum if Hormuz reopens? A lasting reopening could affect Bitcoin and Ethereum primarily through oil prices, inflation expectations and Treasury yields.

Before the war began in February, roughly one fifth of global oil and liquefied natural gas shipments passed through the Strait of Hormuz. Shipping through the waterway has remained heavily disrupted since then.

Restoring regular traffic would remove some of the supply uncertainty that has supported crude prices during the conflict. The initial market response to Iran’s Sept. 22 signal offered an early example, with WTI dropping more than 2.5% and Brent falling below $98.

Lower energy prices could, in turn, reduce one source of inflation pressure at a time when the Fed has returned to raising rates.

The relationship has already worked against crypto during periods of renewed fighting. On Sept. 2, Ethereum fell below $2,400 as fresh U.S. Iran strikes pushed Brent toward $95 and the 10 year Treasury yield above 4.8%. ETH reached an intraday low of $2,356 during the session.

Conditions became more restrictive later in the month as oil moved above $100 and Treasury yields crossed 5%. Ethereum traded near $2,475 on Sept. 15 before recovering after the Fed decision and the subsequent crypto rally.

A sustained decline in oil following a Hormuz reopening would not guarantee lower interest rates. The Fed’s Sept. 16 statement said inflation remained elevated, while domestic spending, productivity and capital investment remained firm.

It could, however, remove part of the energy pressure that has complicated the inflation outlook. A decline in inflation expectations and Treasury yields would reduce the return available on government debt, changing one of the macro conditions that has recently worked against Bitcoin and Ethereum.

Bitcoin’s first major test would remain the $86,700 to $87,400 area, where the latest rally stalled. The previous range high near $82,000 has become an important level below the market, while the $80,000 area sits beneath it as the former upper boundary of Bitcoin’s earlier trading range.

A move back through $87,400 alongside falling oil and Treasury yields would put the January yearly open near $87,722 back into focus. Continued ETF demand would provide another source of spot buying after the recent five session inflow run.

Ethereum would first need to recover $2,700 before challenging the recent $2,789 high and resistance around $2,800. Its latest pullback left support around $2,648, followed by liquidity near $2,630 and the larger $2,532 to $2,550 area.

Another failed deal could keep oil and yields in focus The opposite setup remains possible given the fate of previous agreements.

Iran’s seven day proposal requires Washington to lift its naval blockade, provide sanctions relief and release frozen Iranian assets before Hormuz is reopened. The United States has acknowledged constructive discussions through mediators but has not accepted those conditions.

A renewed breakdown in negotiations could leave shipping restrictions in place and restore some of the geopolitical premium recently removed from crude.

Bitcoin has already shown that higher yields can interrupt its rallies even when underlying spot demand remains firm. After reaching $87,392 on Sept. 21, BTC retreated toward $84,000 as Treasury yields moved higher, despite consecutive ETF inflows and continued accumulation among larger wallets.

Ethereum faces a similar macro constraint after failing to hold its move toward $2,800. The nearest downside levels remain around $2,648 and $2,630, while a deeper decline would bring the $2,532 to $2,550 area back into view.

Araghchi said Iran was prepared to begin implementing the seven day plan once Washington agreed and suggested reaching an agreement before the U.S. midterm elections would be preferable. Mediated communication between the two sides continued after his meeting with U.S. envoy Steve Witkoff and Jared Kushner in New York, while Iranian officials said further meetings could take place in the coming days.

Ethereum has held near $2,667 after pulling back from the $2,800 region, while ETF inflows and exchange withdrawals continue as traders assess whether the recent breakout can survive.

Summary

Ethereum trades near $2,667 after retreating from $2,800, while seven-day gains remain firmly positive overall. U.S. spot Ethereum ETFs attracted $66.01 million, extending their net inflow streak to five sessions. $2,540 remains the key breakout support as analysts assess whether Ethereum can retest $3,000 next. Binance stablecoin netflows rose sharply while Ethereum exchange netflows turned negative during the latest pullback. BBP remains positive near 124.67, while Ethereum stays above its $2,557 Bollinger Band midpoint. CoinGecko data show ETH closed around $2,687 on September 24 after reaching $2,775 on September 21. At the time of writing, Ethereum traded at $2,666.63, down 0.78% over 24 hours but up 7.90% over seven days, with a market capitalization near $326.3 billion.

The pullback followed a steep recovery from below $2,400 earlier in September. ETH approached $2,800 before sellers stopped the advance, bringing the former breakout area around 2,530–2,540 back into focus.

Why is Ethereum price struggling below $2,800? Ethereum’s first problem sits around the recent high. The $2,530–$2,540 region previously acted as resistance and could now serve as support after the breakout. Analyst Wealthmanager placed a potential retest near $2,539, while the larger upside projection near $3,391 remains conditional on ETH holding support and clearing several resistance levels.

The supplied daily chart gives buyers some technical support. ETH remains above the 20-day Bollinger Band midpoint at $2,557.52. The upper band stands near $2,781.85, close to the region where the latest rally stalled, while the lower band sits around $2,333.18.

Bull Bear Power remains positive at approximately +124.67. Buyers therefore retain an advantage on that indicator, although the latest positive bars have contracted from their recent highs. Momentum has cooled as ETH moved away from the upper Bollinger Band.

Ethereum (ETH) price chart, source: TradingView As crypto.news reported in its Ethereum $2,800 rejection analysis, ETH remained above its longer 4-hour moving averages even after falling below $2,700. The 100-period moving average stood near $2,540.49, almost directly inside the breakout support zone now being watched.

That analysis placed the 4-hour 200-period moving average near $2,499.93. A deeper decline through the 2,530–2,540 region would therefore bring the $2,500 area into view before the much lower Bollinger support around $2,333.

Can ETF inflows keep the Ethereum breakout intact? U.S. spot Ethereum ETFs have continued attracting money even as ETH retreated from its recent high. SoSoValue data showed $66.1 million in net inflows on September 24, extending the streak to five consecutive trading sessions.

BlackRock’s ETHA led the session with $26.8 million, followed by Fidelity’s FETH with $21.5 million. Grayscale’s Ethereum Mini Trust drew another $17.8 million. No U.S. spot Ether ETF recorded a net outflow during the session.

Across the five-session run, the funds accumulated $746.5 million. The sequence included $270 million on September 21, $162.2 million on September 22, $104.5 million on September 23 and $66.1 million the following session.

The declining daily inflow totals show that ETF demand has remained positive while slowing from the strongest session. Fund flows measure subscriptions into regulated products and do not establish whether ETH will hold any particular technical level.

Ethereum’s rejection near $2,800 occurred while institutional ETF demand stayed positive. As crypto.news previously reported in its analysis of Ethereum ETF inflows during the $2,800 rejection, the September 21 and 22 sessions alone drew $432.2 million before ETH fell below $2,700.

Exchange flows show ETH leaving as stablecoins enter Binance CryptoQuant contributor CryptoOnchain reported another pattern beneath the pullback. Ethereum exchange netflow moved from +138,174 ETH on September 18 to -138,247 ETH on September 23, meaning the observed flow changed from net deposits to net withdrawals as the price retreated from $2,775.35.

Source: CryptoQuant At the same time, CryptoOnchain reported that Binance stablecoin netflow averaged approximately $107.98 million per day during the week ending September 23, up 552% week over week. The analyst described one possible reading as capital positioning for re-entry, though that interpretation remains “unverified.”

A separate CryptoQuant post from the same analyst reported an average daily Binance USDT-on-Ethereum netflow of $80.8 million in the week ending September 21, the highest reading in its six-month comparison window. Binance’s total stablecoin reserve stood at $43.59 billion in that dataset.

CryptoOnchain’s September 23 dataset found that the Coinbase Premium Index remained negative, ranging from -0.01 to -0.09 during the observed period. Under that measure, U.S. Coinbase spot activity did not lead the move toward the September 21 high.

The staking rate moved in the opposite direction, rising from 35.30% to 35.71% during the same period, according to the analyst. Staking changes occur more slowly than daily price action, so the rise does not establish a direct cause for ETH’s latest rebound.

Will Ethereum reach $3,000 before a deeper correction? The immediate upside test remains 2,781–2,800. The upper Bollinger Band sits around $2,781.85, while recent spot trading failed to sustain a move through the same region. Regaining it would leave $3,000 as the next large psychological level identified across several analyst setups.

RektProof’s scenario projects that ETH “could” approach $3,000 before rotating lower toward equal lows around $2,300. The analyst places heavier resistance between $3,000 and $3,200. Such a path remains a forecast, not a confirmed price target.

Wealthmanager’s chart uses a more aggressive conditional target near $3,391 if ETH successfully holds $2,540 and clears $2,800 and $3,000. IncomeSharks has separately mapped a deeper liquidity sweep toward 2,100–2,200 before a potential recovery toward 3,400–3,500. Neither path has been confirmed by current price action.

$ETH – Original squiggles still spot on. This is where I want to call it good and delete the rest but will leave them. Hopefully we don't have a lower fakeout still on the table. pic.twitter.com/iY6JRnx27a

— IncomeSharks (@IncomeSharks) September 22, 2026 Leverage creates another risk around the support zone. Analyst Celal Kucuker warned that heavy long positioning “could” produce a liquidation-driven decline of approximately 20% if support fails and forced selling accelerates. The scenario would weaken if buyers defend support and ETH recovers.

More immediate liquidation data place the first pressure points much closer to the market. Crypto.news reported liquidation bands around $2,650 and $2,630 after ETH’s September 23 reversal, with another concentration around $2,700.

For the current chart, $2,557.52 remains the Bollinger midpoint, while the 2,530–2,540 region combines former breakout resistance with the 4-hour 100-period moving average. A recovery would first face 2,781–2,800 before the 3,000–3,200 resistance range identified by the analyst charts.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

1 hours ago

Yuga Labs’ Vice President of Blockchain, Quit (@0xQuit), issued a reminder that users should immediately revoke authorizations for the Ethereum Payment Processor V2 and ApeChain Payment Processor V3 contracts, using tools such as revoke.cash or similar platforms. Quit stated that if users’ assets were transferred without authorization, those held at addresses starting with “0x71cf” remain secure. However, affected users still need to revoke the aforementioned contract authorizations. Earlier reports flagged a suspected NFT security flaw at NFT marketplace Magic Eden, where a white hat hacker transferred 3,832 NFTs from hundreds of wallets, valued at approximately $1.5 million. Yuga Labs’ blockchain VP Quit clarified that the transfer was a white hat operation, with all relevant NFTs stored at addresses starting with “0x71cF”. The assets are safe and will be fully returned once the risk is mitigated.

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TLDR ETH trades near $2,673 after pulling back from above $2,800. Analysts are watching the $2,530–$2,600 zone, a former resistance level now being tested as support. RektProof sees a possible move to $3,000 before a drop toward $2,300. Celal Kucuker warns that leveraged long positions could trigger a 20% liquidation-driven drop. US spot Ethereum ETFs took in $104.5 million on September 23, led by BlackRock’s ETHA. Ethereum is trading near $2,673 as buyers try to hold a recent breakout. The price climbed toward $2,800 before sellers stepped in and pushed it lower.

Data from CoinMarketCap shows ETH at $2,673.39, up 0.40% over 24 hours. Trading volume sits near $23.17 billion, and market cap is $328.12 billion.

A Brave New Coin snapshot from September 24 put ETH near $2,675, down about 3.80% on the day.

Ethereum Price on CoinGecko Former Resistance Now Tested as Support The $2,530 to $2,600 area is now the main level traders are watching. Ethereum spent several sessions stuck below this zone before breaking higher.

Crypto analyst BATMAN said on September 24 that the $2,560–$2,600 range used to act as resistance. He noted that it has now been tested as support several times.

Analyst Wealthmanager shared a daily chart pointing to about $2,539 as a possible retest level. If buyers defend it, he sees a larger target near $3,391. That target depends on ETH first reclaiming $2,800 and moving above $3,000.

The 200 EMA sits near $2,460. A drop below $2,560 would put that level in focus.

On the Bollinger Bands, ETH trades above the middle band at $2,547.65. The upper band is at $2,767.17.

The MACD line is at 96.50, above the signal line at 86.47. The gap between the two is small, which suggests momentum may slow.

Analysts Split on the Next Move RektProof posted a chart showing ETH could rise toward $3,000 first. The analyst then expects a pullback to equal lows around $2,300, where liquidity sits. Resistance is marked between $3,000 and $3,200.

IncomeSharks sees a different path. The analyst’s chart allows for a quick drop to $2,100–$2,200 that could turn out to be a fakeout. A fast recovery from there could lead to a move toward $3,400–$3,500.

Celal Kucuker warned on X that leveraged long positions have been building since the rally. He said ETH could fall about 20% if those longs start to unwind.

That scenario is not confirmed. If buyers hold support, the risk of a large liquidation event could ease.

Institutional demand has stayed positive. US spot Ethereum ETFs recorded net inflows of about $104.5 million on September 23.

BlackRock’s iShares Ethereum Trust (ETHA) led with $50.8 million, nearly half the daily total. Fidelity’s FETH followed with about $41.3 million.

TLDR Table of Contents

Solana now controls 36% of tokenized commodities spot DEX volume, up from about 1% three weeks earlier. Robinhood Chain follows with 26%, while Canton and Ethereum hold 19% and 13%, respectively. Solana’s rise came alongside new commodity products, including tokenized silver, gold, oil, and PAXG collateral support. Despite leading trading volume, Solana holds only $26.8 million in tokenized commodities, compared with Ethereum’s $4.7 billion. Market leadership remains unstable, with Ethereum, BNB Chain, Robinhood Chain, and Solana all leading at different points since July. Solana now leads tokenized commodities trading on decentralized exchanges, according to Blockworks data. The network holds 36% of spot trading volume, up from about 1% three weeks ago. Robinhood Chain follows with 26%, while Canton holds 19% and Ethereum accounts for 13%.

Market Leadership Shifts Rapidly Ethereum controlled most daily tokenized commodity trading volume after tracking began in July 2026. Its share rarely dropped below 80% for much of that period. Avalanche recorded brief increases, but none changed the market structure for long.

The picture changed in August when BNB Chain captured more than half of daily volume on some days. Robinhood Chain then moved into first place by late August. The wider tokenization market has also added tokenized U.S. equities and commodity-backed instruments across more networks.

Solana Gains Share as Products Expand Solana’s rise followed several product launches. Dominion Market introduced tokenized silver through SILV, while GMTrade added trading contracts linked to gold, silver, and oil. Kamino also began accepting PAXG as collateral, and Raydium handles much of the related decentralized trading flow.

PAXG collateral support could keep more tokenized gold inside Solana’s ecosystem. Users can hold the asset while accessing lending markets instead of moving it to another network. This adds another use case beyond direct spot trading.

Asset Value Still Favors Ethereum Trading volume does not match the distribution of tokenized commodity assets. RWA.xyz data for September 25 shows Solana holds $26.8 million in distributed tokenized commodities, equal to 0.55% of the market. Ethereum holds about $4.7 billion, or roughly 95%.

Recent data also shows Solana’s tokenized equity trading share has risen, adding another category of blockchain asset activity. However, BNB Chain holds $87 million in tokenized commodities, while Arbitrum holds $85.8 million. Both totals remain more than three times Solana’s amount.

Robinhood Chain holds only $4.6 million in tokenized commodities, yet it handled about one-quarter of DEX volume on September 23. Elsewhere, firms have introduced direct stock-to-token conversion services as tokenized markets expand across networks.

Solana’s commodity value rose 1.09% over 30 days, while Ethereum fell 4.72% and BNB Chain dropped 7.83%. Daily trading remains small, so new listings can quickly change rankings. Ethereum still holds most of the tokenized commodity supply despite Solana’s current volume lead across decentralized venues tracked in the latest available market data on September 25.

26 minutes ago

Bitget CEO Gracy Chen shared key takeaways from her earlier live stream on social media, including: 1. Affected assets include ETH, XRP, BNB, AVAX, USDT, USDC and other tokens, spanning Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC and Base. All on-chain cold wallets have been confirmed secure and were not impacted. 2. Bitget has contacted all affected chain foundations; some foundations have confirmed freezing hacker wallet addresses. The team will continue to follow up on relevant channels and release updates. 3. Bitget stated that based on IP behavioral characteristics and on-chain analysis, the attack method is highly consistent with known patterns of North Korean hacker groups. The platform has reported the incident to relevant authorities and is cooperating with global investigations. 4. Bitget Wallet operates on fully independent infrastructure from the Bitget exchange. This incident had no impact on Bitget Wallet, and all assets in Bitget Wallet are completely secure. 5. Regarding the platform’s financial status, Bitget said that in addition to its over $464 million protection fund, its own assets exceed $1 billion, with user funds fully backed at a 1:1 ratio, and all related data is verifiable on-chain. 6. On the timeline for resuming withdrawals, Bitget noted its goal is to complete a full recovery as soon as possible. A specific time window will be announced immediately once confirmed, and the platform will not commit to unachievable deadlines.

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Bitget CEO: The platform’s recent attack was not caused by a key leak, and there is no exact timeline for the resumption of withdrawals.

Bitget CEO Gracy Chen addressed the exchange’s recent attack incident in a public live stream, stating that the platform is preparing to resume user withdrawals but has not yet set an exact timeline. Bitget’s internal and external technical teams are working in parallel to identify the root cause and develop solutions, with the goal of restoring services as quickly as possible. Chen noted that the attack vector in this theft differs from those seen in prior security breaches at some exchanges. According to ongoing investigations, the hacker did not exploit a key leak to launch the attack; instead, they bypassed parts of the system to initiate withdrawals directly through the platform’s systems. She emphasized that a key leak would be the worst-case scenario, but this incident is not related to such a vulnerability. Given that the incident involves multiple cryptocurrencies and blockchain networks, Bitget cannot immediately reopen withdrawals. Withdrawals will only be restored after the exchange confirms all funds are fully secure and implements a more robust handling plan. Chen added that the platform has now completed full loss mitigation, eliminating the risk of further attacks; withdrawals will be reactivated once the security issue is resolved with greater certainty.

1 seconds ago

Ansem: Solana DeFi Could Be One of the Underrated Investment Opportunities of This Cycle

Crypto trader Ansem said he is growing increasingly bullish on Solana DeFi, calling it one of the more overlooked investment opportunities in this cycle. During the last cycle, meme coins captured most of the market’s attention, while protocols like Jito and Jupiter were still in the early stages of their token lifecycles. Ansem believes the market can now more clearly identify which protocols are emerging as core infrastructure for Solana. Compared to the previous cycle, the landscape of Solana DeFi protocols and their positioning within the ecosystem are gradually becoming clearer. He added that Solana’s low fees, fast execution capabilities, and steadily growing on-chain transaction volume further reinforce this investment thesis; as retail investors, institutions, and tokenized equities continue to move on-chain, Solana DeFi is poised to gain more room for growth.

1 seconds ago

Bitget attackers have converted most of the stolen funds on EVM chains into 67,982 ETH, worth approximately $183 million.

According to Lookonchain's monitoring, crypto exchange Bitget has suffered a hack, resulting in the theft of approximately $351.6 million in assets. The hacker has converted most of the stolen funds on EVM chains into 67,982 ETH, valued at around $183 million.

1 seconds ago

Crypto whale sets 10 key trading targets: Will gradually close long positions if Bitcoin (BTC) drops below $79,000, and plans to short hedge if BTC surges rapidly to near $100,000

Crypto whale "First Set 10 Big Goals" (@jasonleo) has updated his Bitcoin trading strategy, noting that when BTC rebounded from the $58,000 low in this cycle, he firmly targeted $100,000. However, he failed to accurately time the peak mid-cycle, missing a large chunk of profits. His current average entry for long positions is around $78,000. Regarding future operations, JasonLeo said he will start closing long positions gradually if BTC falls back below $79,000. If BTC surges rapidly to $100,000 in the short term, he will consider opening defensive short positions in the $98,000–$105,000 range to hedge against weekly-level correction risks. If BTC closes above $108,000 on the daily timeframe, the above short position logic will be invalid. If BTC does not rally directly but consolidates fully in the $80,000–$100,000 range, he will take defensive actions in the $115,000–$125,000 range.

1 seconds ago

Goldman Sachs earns over $200 million in fees from its AI fund "Situational Awareness"

According to a report by the Financial Times, AI hedge fund Situational Awareness has become one of the largest hedge fund clients of Goldman Sachs (GS.N)’s prime brokerage business this year, generating over $200 million in fee revenue for the bank. People familiar with the matter disclosed that Situational Awareness was at one point a key client of Goldman Sachs’ trading division this year. Its rapid growth and strategy of using leverage to expand trading volumes drove the fee growth. The fund launched with just hundreds of millions of dollars in assets under management, later posting returns of over 400% at its peak, growing to more than $20 billion in size. However, AI-related stocks saw sharp volatility this year, hitting the fund’s large public market positions, with losses further amplified by its leveraged borrowing. Founder Assenbrunner subsequently sold most of his stock positions, with roughly $16 billion in assets at one point being sold to Citadel. He informed investors in July that he would no longer use borrowed funds to amplify investments going forward. Despite the losses, Situational Awareness maintains its partnership with Goldman Sachs and has begun establishing trading relationships with tech stock broker Clear Street.

1 seconds ago

Meta’s market cap nears $2 trillion, with Muse driving its stock to its best monthly performance in 13 years.

Meta Platforms (META) shares have risen 36% so far in September, on track for their best monthly performance since July 2013 and approaching the $2 trillion market cap threshold. The rally is primarily driven by positive market reaction to Meta’s launch of its personal AI assistant, Muse. Investors view the AI product as a potential new growth driver, easing earlier concerns about returns on the company’s large-scale AI investments. Earlier this year, Meta’s stock came under pressure due to heavy AI spending, legal risks facing its social media business, and weak revenue forecasts, falling 18% from the start of the year. However, after the company resolved some litigation pressures and launched AI products like Muse, Meta’s shares have climbed roughly 43% from their August lows. Meta is expanding its AI product lineup, including portable devices for Muse and camera-free smart glasses. The company projects capital expenditure will reach nearly $140 billion in 2026, rising further to $197 billion in 2027 and $215 billion in 2028. The market remains focused on whether Meta can generate sufficient returns from its AI business. Currently, analysts forecast Meta’s revenue will grow 26% to $254 billion in 2026, with net profit rising 33% to $80.6 billion.

1 seconds ago

ARK Invest, led by Cathie Wood, is taking its venture strategy on chain, tokenizing the ARK Venture Fund (ARKVX) through Securitize Corp. (NYSE:SECZ) amidst asset managers increasingly embracing blockchain-based financial infrastructure.

ARK Venture Fund Goes On-ChainARK Invest and Securitize on Thursday announced the tokenization of ARKVX, an actively managed closed-end interval fund investing across private and public companies tied to disruptive innovation.

The fund’s portfolio includes exposure to some of the biggest names in private technology, including OpenAI, Anthropic, Stripe and Databricks, though its holdings are subject to change.

Eligible investors accessing ARKVX through Securitize will be able to gain exposure to the portfolio using blockchain-based infrastructure.

The tokenized fund will initially launch on Ethereum (CRYPTO: ETH), with Securitize providing infrastructure for on-chain issuance and the investor experience.

“Tokenizing the ARK Venture Fund puts our conviction in the evolution, if not revolution, of capital markets into practice,” Wood said.

She added that ARK’s research suggests tokenization could fundamentally reshape how investors access and participate in private and public financial markets.

ARK, Securitize Deepen Tokenization PushThe launch expands a partnership between ARK and Securitize that gained momentum after ARK made a strategic investment in the tokenization company in October 2025.

The companies said the investment was aimed at accelerating institutional adoption of tokenized securities, expanding access to regulated investment products and strengthening capital-markets infrastructure.

Carlos Domingo, co-founder and CEO of Securitize, said bringing ARKVX on chain demonstrates how established asset managers can move traditional investment products onto blockchain-based infrastructure.

The Ethereum launch adds another institutional investment product to the growing real-world asset and tokenized-securities ecosystem as traditional asset managers explore blockchain rails for issuance, ownership and distribution.

Photo: ChrisStock82 / Shutterstock

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Robert Kiyosaki Says These 3 Phrases Keep People Poor

Ethereum has just done something it has not managed since its August 2025 record high. 

For the first time in more than a year, ETH has printed a higher high. It has also pushed through a resistance zone that repeatedly stopped previous rallies. So, what does this mean for Ethereum price? Will it break $3,000 this cycle?

Ethereum Is Finally Back in Its Long-Term RangeCrypto analyst Benjamin Cowen says Ethereum has returned to its long-term logarithmic regression band, a range he uses to estimate where ETH sits relative to its historical trend.

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“At least this cycle I don’t have to spend the whole time calling for ETH to go home, considering it’s already there.”

Cowen has said he favors dollar-cost averaging through the second half of the US midterm year, while still leaving room for another market shock later in Q4.

Meanwhile, corporate treasuries continue adding ETH.

The Weekly Chart Has ChangedEthereum peaked near $4,957 in August 2025. Every major rally that followed ended with a lower high.

That pattern has now broken. ETH reached $2,807 this week, while the former resistance around $2,438 has turned into support. The weekly RSI has climbed to 64. A move above $2,920 would strengthen the case for a push toward $3,400.

But the Daily Chart Is Flashing a WarningThe problem is momentum. ETH keeps making higher highs, while the daily RSI is making lower highs. Traders call this bearish divergence. It can signal that a rally is losing strength.

Trading volume is also falling.

The key line is now around $2,440. Holding it keeps the bullish structure intact. Losing it could expose the 1,950–2,000 area.

ETH daily chart. Source: TradingView

 XRP (XRP) stabilizes near $1.50 after its breakout, with $1.35–$1.40 providing key support.Dogecoin (DOGE) is defending its 200-day moving average after its sharp breakout and subsequent correction.Ethereum (ETH) remains in a broader uptrend despite its correction from the recent $2,800 high.Stellar (XLM) maintains its long-term breakout structure while consolidating above the crucial $0.20 level.XRP's stabilization attemptAfter yet another erratic surge that momentarily pushed the asset toward $1.65, XRP is trying to stabilize around $1.50. In comparison to the beginning of September, the overall technical structure has significantly improved, despite the subsequent rejection. 

XRP/USDT Chart by TradingViewThe breakout from the declining resistance line that connected the highs of XRP in late August and September is the most significant development. Around $1.40, the price broke through this trendline and quickly accelerated toward $1.55–$1.60. Additionally, there was a discernible increase in volume during the breakout, which lent the move greater legitimacy than a number of earlier recovery attempts. 

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Right now, XRP is trading well above its main moving averages. While shorter averages have begun to rise below the price, the 200-day average is currently at about $1.36. As a result, a comparatively strong support cluster is formed between $1.35 and $1.40. 

The rejection around $1.60–$1.65, however, indicates that sellers are still active at higher levels. Before another attack on $1.60–$1.65 becomes likely, XRP must recover roughly $1.55. The August wick, located around $1.70, is the next significant target above that. On the downside, $1.45 is the first level to watch. 

The breakout structure would remain intact even in the event of a deeper correction toward $1.40. However, if XRP fell below $1.35, it would return to its 200-day average and significantly weaken the setup. 

Dogecoin correctionDogecoin experienced a similar breakout, rising from roughly $0.087 to over $0.10 before experiencing aggressive profit-taking. At $0.0955, DOGE is currently trading directly above one of the chart's most significant technical levels. That level is approximately $0.093, which is the 200-day moving average. 

DOGE/USDT Chart by TradingViewBefore briefly testing it in August, DOGE struggled below it all summer. The most recent rally ultimately resulted in a strong breakout and the biggest increase in trading volume since August. Transforming that breakout into support is the current challenge. DOGE hit about $0.105 before sellers drove it sharply lower. 

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However, the most recent candle indicates that buyers are reacting around $0.092 and pushing the price back toward $0.096. The bullish structure would be maintained by holding $0.093–$0.095, with $0.10 serving as the initial resistance. 

The recent $0.105 high would be exposed by a clean move through $0.10, followed by roughly $0.11. Another unsuccessful 200-day breakout is the risk. The next major support level is around $0.087–$0.088 if DOGE closes sharply below $0.092–$0.093. The moving-average cluster around $0.082–$0.085 becomes the main defensive zone below that.

Pressure on Ethereum risesDespite the most recent decline from about $2,800, Ethereum is still in a strong technical position. After three straight red daily candles, ETH is currently trading at $2,673, but the correction has not done much damage to the overall uptrend thus far. 

ETH/USDT Chart by TradingViewThe significant structural shift took place when Ethereum surged from below $2,000 and firmly regained its 200-day moving average in August. ETH spent several weeks consolidating between about $2,400 and $2,550 rather than retracing immediately. Eventually, the most recent breakout toward $2,800 was built upon that range. 

The price is comfortably above all of the chart's major moving averages. While the intermediate averages are between $2,350 and $2,400, the shortest average is approaching $2,520. At $2,250, the 200-day moving average remains much lower. These are in line with the larger bullish structure. On the other hand, short-term momentum has clearly diminished.

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The RSI has declined after getting close to overbought territory, and ETH was unable to sustain the move above $2,750–$2,800. The $2,600–$2,650 range is the immediate support. Holding this range would preserve the most recent breakout and allow for a potential second attempt at $2,750–$2,800. 

The rising short-term average between $2,500 and $2,520 would become the next significant support if the price broke below $2,600. Ethereum must close decisively above $2,800 in order to move higher. Such a move would break through the most recent local high and possibly pave the way toward the psychological $3,000 mark.

Will Stellar hold the pace?Stellar has clearly broken above its long-term resistance structure, rising from about $0.18 to a recent peak of about $0.225 before declining toward $0.209. XLM's move through the 200-day moving average at $0.189 is the most significant technical development. 

XLM/USDT Chart by TradingViewDuring earlier recovery attempts, the price was frequently constrained by this level; however, the most recent advance broke through it with increasing trading volume. After that, XLM hit about $0.216 before making a wick toward $0.225. In an aggressive response, sellers briefly drove the asset back toward $0.20. Since then, buyers have partially recovered from that decline. 

As long as XLM remains above the prior breakout region, the setup continues to be favorable. The first significant support is around $0.20, with $0.188–$0.190 around the 200-day average coming next. Additionally, the shorter moving averages are improving the underlying structure by turning upward below that level. 

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The immediate resistance zone on the upside remains $0.215–$0.225. A successful breakout would target about $0.235, which is the major June peak. There is some momentum, but not much. 

After the rejection, the RSI pulled back, giving XLM more room in case buyers return. Losing $0.20 would weaken the short-term setup, while a decline below $0.19 would jeopardize the larger breakout itself.

3 Surprising Facts About New York’s Polymarket Lawsuit

Bitwise interviewed 15 major institutions and found every one that owns crypto holds Bitcoin (CRYPTO: BTC), while Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) must still earn their place.

Why Bitcoin Stands AloneBitwise wrote in its September 2026 institutional adoption report that Bitcoin is the only crypto asset with consistent institutional conviction.

For nearly every institution interviewed, it was their first, largest, and longest-held digital asset, typically framed as an emerging store of value or a hedge against currency debasement. 

Several institutions pair it directly with gold, and one described its long-term thesis bluntly: “We could be having this conversation in 10 years and we’re telling you we gave up on gold and it’s all bitcoin now.”

Ethereum and Solana get a very different treatment. Institutions holding them describe the positions as venture-stage technology bets with explicit performance requirements and shorter time horizons. 

One institution that has held crypto for a decade put it plainly: “Something has to work. At some point, if this stuff doesn’t work, we’ll be out.”

Why Institutions Didn’t Sell the CrashCrypto fell roughly 50% between October 2025 and April 2026. Not one of the 15 institutions interviewed cut its allocation during that stretch, and several actually bought more. 

None cited price decline as a reason to exit. Instead, their exit triggers are entirely thesis-based:

Ethereum or Solana failing to show real value accrual A major regulatory reversal A serious technical failure Collapse of a major industry participant An industry-wide credibility crisis Bitwise argues this means institutions are unlikely to drive the next major selloff. It points instead to retail investors, leveraged traders, and forced liquidations as the more likely sources of selling pressure during drawdowns.

Why ETFs Changed the Access GameAlmost every institution interviewed now uses spot crypto ETFs or plans to, citing lower costs, simpler compliance, and easier portfolio reporting compared to direct custody. 

That said, Bitwise flags an important caveat: some institutions deliberately avoid ETFs to sidestep 13F disclosure requirements, meaning reported ETF ownership should be treated as a floor rather than a complete picture of institutional exposure.

Where Allocations Stand Across Institution TypesWhat Could Speed Up or Stall AdoptionBitwise flags regulatory clarity and peer adoption as the two biggest bullish catalysts, since each credible institutional allocation makes the next one easier to justify. 

On the downside, a major crypto-specific crisis or a failure of Ethereum and Solana to convert real-world usage into token value could freeze momentum and narrow institutional portfolios back toward Bitcoin alone.

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Key Points Cathie Wood’s ARK Invest is launching a tokenized version of its Venture Fund (ARKVX) via Securitize. The portfolio includes investments in OpenAI, Anthropic, Stripe, and Databricks. Initial deployment will occur on Ethereum, with potential expansion to additional blockchains. Securitize stock surged up to 15% following the partnership reveal. The initiative capitalizes on recent SEC regulatory updates enabling tokenized securities trading. In a significant move toward blockchain integration, Cathie Wood’s ARK Invest has revealed plans to tokenize its ARK Venture Fund through a strategic collaboration with Securitize.

Today, we’re bringing the ARK Venture Fund (ARKVX) onchain with @ARKInvest and making it available on @ethereum.

For the first time, eligible investors can access the tokenized version of ARK’s flagship disruptive innovation fund with a minimum investment of $500. pic.twitter.com/J9ME81et8D

— Securitize (@Securitize) September 24, 2026

This venture capital vehicle provides access to prominent private technology firms. Current portfolio companies include OpenAI, Anthropic, Stripe, and Databricks.

The blockchain-based fund shares will debut on Ethereum initially. Both ARK and Securitize have indicated that expansion to additional blockchain platforms may occur down the line.

Implications for Market Participants The tokenization process doesn’t alter the fundamental nature of portfolio companies. OpenAI and Anthropic themselves won’t become directly tradable as blockchain assets.

Rather, participants will obtain digital tokens representing ownership stakes in the fund itself. Carlos Domingo, CEO of Securitize, outlined the advantages of this approach.

According to Domingo, investors can avoid picking individual winners in the AI space. The tokenized structure delivers diversified exposure across multiple industry leaders simultaneously.

“The underlying assets will still remain private, but the investment of the end users will be liquid,” Domingo said.

Securitize intends to publish daily net asset valuations for the fund. Additionally, the platform will facilitate trading of fund interests across blockchain-native marketplaces.

ARK’s Venture Fund operates as an actively managed, closed-end interval structure. Its investment thesis centers on companies driving what ARK characterizes as disruptive innovation, spanning both private and public markets.

Market Response to Securitize Partnership Securitize shares rallied as much as 15% in the wake of the partnership announcement. This spike propelled the stock to new highs since its public market entry last June.

The company’s equity value has approximately doubled over the preceding seven days. This momentum follows separate regulatory developments from the Securities and Exchange Commission.

The SEC recently unveiled a five-year “innovation exemption” framework. This regulatory provision aims to streamline trading of qualified tokenized securities on specialized blockchain platforms.

This exemption offers financial institutions an experimental pathway for blockchain-based securities infrastructure. Regulatory authorities have signaled their interest in facilitating gradual market migration to onchain systems.

ARK’s initiative aligns with emerging trends across traditional finance. Institutional asset managers have increasingly deployed blockchain technology for various financial instruments.

Previous tokenization projects predominantly targeted Treasury securities and money market products. Notable examples include BlackRock’s BUIDL offering and Franklin Templeton’s BENJI product.

The industry is now progressing into equity markets and private capital spaces. Citi analysts have forecasted that tokenized securities markets could achieve $5.5 trillion in value by 2030 in their baseline scenario.

This partnership marks a continuation of ARK and Securitize’s relationship. ARK committed a strategic capital investment in Securitize during the previous year.

That initial investment established a framework for developing regulated investment vehicles on blockchain infrastructure. Wood characterized the Venture Fund tokenization as fulfilling that collaborative vision.

“Tokenizing the ARK Venture Fund puts our conviction in the evolution, if not revolution, of capital markets into practice,” Wood said in a statement.

Domingo emphasized that this collaboration demonstrates how traditional investment instruments can transition to modern infrastructure. He framed the initiative as part of an ongoing strategic roadmap rather than an isolated development.

ARK notes that fund composition may evolve as investment decisions are made. The tokenized ARKVX offering is anticipated to launch on Ethereum in the near term.

US retail investors can subscribe through Securitize, while fund buybacks remain limited to quarterly repurchase offers.

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US-Iran Negotiations Aim to Restart Hormuz, With Both Sides Discussing Phased Arrangements

According to sources close to the US-Iran negotiations, US and Iranian negotiators are discussing a staged solution in New York, which includes Iran reopening shipping lanes in the Strait of Hormuz and the US lifting economic sanctions on Iran. Insiders say the Strait of Hormuz has become a core bargaining chip in ending the nearly seven-month-long US-Iran conflict. Iran, which has recognized the economic pressure from prolonged confrontation, is considering a phased arrangement: the first step could be resuming shipping in the Strait of Hormuz, while the US eases economic sanctions, and Iran may get partial unfreezing of its frozen assets. However, neither side is willing to give up its bargaining chip first, which has become the biggest obstacle to the negotiations. Iranian officials said Tehran is more focused on lifting sanctions rather than insisting on collecting tolls for the Strait of Hormuz in the agreement. Regional sources said Iran may include the toll demand in an annex rather than as part of the main agreement, but this does not mean it is abandoning its position on the Strait's management rights. Analysts believe the US hopes to force Iran to make concessions through pressure, while Iran wants to have pressure lifted first before making commitments. Dennis Ross, a former US Iran negotiator, said the probability of reaching an agreement before the November midterm elections is limited, but both sides have incentives to push forward negotiations ahead of the elections, as reopening the Strait of Hormuz could ease tensions in the Gulf and reduce oil price pressures. Currently, Gulf countries hope to restore shipping freedom and prevent the strategic waterway from becoming a long-term tool for gamesmanship, while pushing the US and Iran to de-escalate through diplomacy.

2 hours ago

Multicoin: On-chain Real World Assets (RWA) will usher in the DeFi 2.0 era, with order books and request-for-quote (RFQ) models set to replace Automated Market Makers (AMMs) as the dominant mechanism.

Crypto venture firm Multicoin Capital’s co-head of venture investments, Spencer Applebaum, has published a lengthy article titled “DeFi 2.0”. In the piece, Applebaum notes that early DeFi primitives—automated market makers (AMMs), overcollateralized lending, variable-rate liquidity pools, and perpetual swaps—were designed for high-volatility crypto assets like Bitcoin (BTC) and Ethereum (ETH). However, real-world assets (RWAs) such as government bonds, stocks, and commodities have lower volatility, generate cash flows, and feature identifiable borrowers. Institutional players prioritize execution quality, tenure, and credit, so the same set of primitives cannot be rigidly applied to RWA use cases. Applebaum argues that DeFi 2.0 needs to add capabilities including order books or Request for Quote (RFQ) systems, fixed-rate and term lending, interest rate derivatives, options and structured products, repos and dark pools, portfolio margin, and revenue splitting. Tokenization is only the first step; value will accrue to public blockchain block space, core primitive fees, brokerage aggregation layers, and application order flow. As RWA scales, these primitives—“long-existing but ill-suited for the asset types”—will finally gain genuine market traction.

2 hours ago

Ethereum surges past $2,700, posting a 1.45% gain in the last 24 hours.

According to HTX market data, Ethereum has surpassed $2,700, with a 24-hour gain of 1.45%.

2 hours ago

Genius Terminal Co-Founder Responds to S2 Points Controversy: Rules Are Adjustable, Personal Tokens Will Not Be Unlocked Before Users’ Tokens

Ryan Myher, co-founder of Genius Terminal, responded to the controversy over Genius’ adjustment to its Season 2 points rules, stating: “Genius is essentially a terminal for trading crypto assets, and points are just additional benefits users may earn when trading on the platform. Every user who trades on Genius has agreed to our airdrop terms; if you’ve been using it since Season 1, you’ve actually agreed twice. You cannot use the platform without accepting these terms. Points are inherently additional benefits, so the rules will be adjusted based on actual circumstances. Recently, the terminal’s trading volume has dipped, so daily points distributions have decreased. One guarantee: individual tokens will not unlock before user tokens.” Earlier on the 24th, news broke that Genius—an on-chain trading terminal backed by YZi Labs—has revised its Season 2 points campaign. The community alleges the campaign originally promised to unlock 70 million GENIUS tokens on October 25 to incentivize trading and points accumulation. Official documentation previously specified Season 2 would run from April 10 to August 10, with 1.5 million points distributed daily; recent updates to relevant pages have removed the “April 10 to August 10” timeframe from current docs, and daily points have been cut to 50,000. CoinMarketCap data shows the unlock timeline for these 70 million tokens has been delayed to February 2028. Some participants are demanding either unlocks at the original date or refunds for Season 2-related fees.

2 hours ago

The US and Iran are studying a phased restart of the Strait of Hormuz, triggering a sharp rally in the three major U.S. stock indexes.

The U.S. and Iran are studying a phased plan to reopen the Strait of Hormuz. According to market data from BIT (bit.com), the three major U.S. stock indexes surged sharply, with the S&P 500 turning positive. International oil prices plummeted, spot gold and silver rose, U.S. Treasury price declines narrowed, and the 10-year Treasury yield fell back to 5.13%.

2 hours ago

Bank of Russia sets access procedures for crypto market participants; digital custodians and trading platforms must be included in the register.

Russia’s Central Bank has finalized the market access procedures for crypto market participants, including digital custodians, crypto trading platforms, and digital rights information system operators. According to a statement from the central bank’s press office, all such participants must be included in the relevant register. The regulation outlines qualification requirements for members of the management bodies and specific officials of digital custodians, crypto trading platforms, and information system operators; specifies the list of documents required for access applications; and details the procedures for the central bank to include relevant information in the register. The document also includes simplified access rules for existing market participants, which will submit applications for digital custodian and crypto exchange licenses. The directive standardizes how the central bank maintains the register, updates its data, and publishes register information on its official website. The relevant regulations have been registered with Russia’s Ministry of Justice and will officially take effect on October 5, 2026.

2 hours ago

13h35 ▪ 5 min read ▪ by Luc Jose A.

Summarize this article with:

Peter Brandt believes that the price of Ethereum would reach 8600 dollars following a break of 5000 dollars. Ether progressing around 2660 dollars, this scenario remains distant and depends on multiple intermediate resistances.

In Brief Peter Brandt targets an ether at 8600 $ after a break of 5000 $. The 3000 $ level remains the first major resistance to break. Ethereum ETFs record new capital inflows. BitMine continues to accumulate and stake a significant share of its ETH. The 8600 $ target remains a technical scenario, without guarantee or precise timeline. The three key levels of the Ethereum forecast On September 21, Peter Brandt released a long-term chart covering CME Ether futures contracts. In his analysis, he shows a first major resistance around 5000 dollars, then a target precisely located at 8674.50 dollars.

The analyst thus rounded this second level to 8600 dollars. At the current price, Ether should first rise by nearly 88% to approach 5000 dollars. A rise to 8600 dollars would then constitute a total gain close to 223%.

This hypothesis is structured around three levels :

The 3000 dollar zone, the first short-term resistance ; The 5000 dollar threshold, necessary to validate the scenario ; The long-term target between 8600 and 8675 dollars. Peter Brandt states therefore :

My long-term chart on ETH implies a move toward 8600 dollars once 5000 dollars is broken.

The 5000 dollar threshold is still very far away The 8600 dollars are not presented as an immediate target on Peter Brandt’s chart. Indeed, the investor conditions this forecast on a sustained break of 5000 dollars. The potential appreciation could still reach 72% between these two thresholds.

Beforehand, Ether must reclaim the 2800 to 3000 dollar zone. This level has already attracted traders’ attention during the rebound observed from 2360 dollars at the beginning of September. An inability to break 3000 dollars could strongly delay the proposed scenario.

Peter Brandt also makes a distinction between a chart analysis and an actual market position. He indicates that the publication of a chart does not signal that he has executed a trade. This reservation limits the scope of his message. He outlines a possible trajectory but presents neither timetable nor acquisition strategy.

Nevertheless, his experience explains the attention paid to his charts. Active in commodity markets since 1976, he founded Factor Trading in 1980 and mainly relies on classical chart analysis.

ETFs and BitMine support ether demand This forecast comes in a context of capital returning to Ethereum. The spot US ETFs recorded 270 million dollars of net inflows on September 21. Then, flows were around 162.2 million dollars on September 22, then 104.5 million the following day.

These three sessions thus represent cumulative inflows of 536.7 million dollars. BlackRock and Fidelity have collected a significant portion of funds, even though flows can quickly reverse from one day to the next.

Treasury companies are also consolidating their reserves. BitMine Immersion Technologies possessed 5983940 ETH as of September 20, nearly 4.9% of the circulating supply announced by the company. It had acquired an additional 27562 ETH during the previous week.

BitMine had staked 5067309 ETH, about 85% of its holdings. The company is now seeking to raise its reserve to 5% of the total supply. These acquisitions reduce the quantity directly available; however, they do not guarantee an increase in Ethereum’s price.

A technical target, not a market certainty The scenario announced by Peter Brandt depends primarily on a chart confirmation. A momentary rise above 5000 dollars might not necessarily suffice. Investors will likely need to monitor the duration of the breakthrough, traded volumes, and weekly closes.

Conversely, a rejection below 3000 dollars could keep Ether far from the envisaged setup. The market also remains exposed to bitcoin movements, US monetary decisions, and ETF capital outflows.

BitMine acquisitions and recent inflows into listed funds provide measurable support to demand. However, they do not validate the 8600 dollar target. This remains a forecast derived from technical analysis, without a concise deadline and conditioned by a prior doubling of the price.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Ethereum is consolidating after a sharp recovery from the $1.5K area and a subsequent breakout above the $2.1K region. The second-largest crypto asset is now trading around $2.64K, with the latest pullback occurring directly inside a major resistance zone. The broader structure remains constructive, although short-term momentum has weakened following the rejection near $2.8K.

Ethereum Price Analysis: The Daily Chart The daily chart shows a clear structural improvement from the June low near $1.5K. ETH subsequently established higher lows and pushed through the $2K-$2.1K area after accelerating higher in August. The latter part was the strongest structural move, but it has led to consolidation in September, which has become an important reference for the current trend.

ETH recently pushed toward $2.8K before reversing. The current level at around $2.64K is therefore sitting inside the marked $2.6K-$2.7K resistance zone. A sustained daily close above this area would strengthen the breakout structure and leave the $3K region as the next immediate resistance.

On the downside, the first important support is around the same consolidation area at $2.4K-$2.5K. A deeper correction, however, could bring ETH toward the $2.1K support region, where the 100-day and 200-day moving averages are also closing in to form a potential bullish crossover. This makes the mentioned area the most important level for the market to hold in order to not fall back into a downward spiral once again.

ETH/USDT 4-Hour Chart The 4-hour chart provides a clearer picture of the recent consolidation and rejection. ETH rallied from approximately $2.4K and broke sharply higher, reaching the $2.8K area. However, several candles subsequently failed to maintain those highs, producing a pullback toward the $2.6K resistance zone.

The immediate battle is therefore around the same $2.6K-$2.7K zone. ETH is currently trading close to the lower portion of this area after the rejection around $2.8K. A recovery back above $2.7K would put the recent short-term highs around $2.8K back into focus.

Conversely, continued rejection from the current zone could send ETH toward the bullish order block around $2.45K. This is the most important near-term downside area on the chart. Losing it would weaken the short-term breakout structure and could expose the next order block around $2.25K.

The 4-hour RSI has also deteriorated noticeably from its recent overbought readings and is now below the 50 level. This reflects the loss of short-term momentum rather than a confirmed broader trend reversal. For the bullish structure to remain intact, however, ETH would ideally need to stabilize above the $2.5K region.

On-Chain Analysis The exchange supply ratio measures the proportion of Ethereum’s circulating supply held on exchanges. A declining ratio generally means that a smaller share of the available ETH supply is sitting on exchanges, while a rising ratio indicates that more ETH is being held in exchange wallets.

The chart demonstrates a pronounced decline in Ethereum’s exchange supply ratio over the past couple of years. The metric has fallen from roughly 0.18 in early 2025 to approximately 0.123 currently, even as ETH has recovered back above $2.5K.

The latest move is particularly notable because the exchange supply ratio continues to sit near the lowest levels shown on the chart while ETH has recently accelerated higher. This indicates that the amount of ETH held on exchanges relative to supply has continued to contract during the broader recovery.

From a market-structure perspective, a persistently lower exchange supply ratio can mean that less ETH is immediately available on exchanges for potential selling. However, the metric by itself does not establish that prices must rise, and the current price rejection around $2.8K shows that resistance remains relevant, and that any supply shrink should be accompanied by sufficient demand to push the recovery further.

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Cathie Wood's ARK teams with Securitize to tokenize venture fund with OpenAI, Anthropic stakes

ARK Invest, the investment manager founded by Cathie Wood, has tapped Securitize to tokenize its ARK Venture Fund (ARKVX), giving eligible investors blockchain-based access to its private and public holdings.

Through the move, the companies deepen their existing relationship and continue to share the view that tokenization can modernize the access to finance and investment products.

ARKVX is a closed-end interval fund focused on long-term capital growth through investments in private and public companies associated with disruptive innovation. Its portfolio includes OpenAI, Anthropic, Stripe and Databricks, among other companies, with holdings subject to change.

At launch, the tokenized version of the fund will be available on Ethereum, while Securitize will provide the infrastructure for onchain issuance and the investor experience.

Wood said tokenizing ARKVX puts ARK’s view on the potential transformation of capital markets into practice and represents an extension of its goal of broadening access to technology-driven innovation.

Securitize CEO Carlos Domingo said the launch shows how established investment products can be moved onto modern, blockchain-based capital markets infrastructure.

ARK Invest’s collaboration with Securitize follows its strategic investment in the company announced in October 2025. At the time, the companies committed to supporting wider institutional adoption of tokenized securities, increasing access to regulated investment products and developing infrastructure for tokenized capital markets.

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