Cayman Islands, Cayman Islands, September 23rd, 2026, Chainwire
Google Cloud joins as a key infrastructure partner for Puffer UniFi, operating a gateway through Puffer Preconf to deliver sub-second execution backed by Ethereum
Puffer Finance has announced that Google Cloud has joined as a gateway operator in Puffer Preconf, a preconfirmation (preconf) service that delivers sub-second transaction preconfs for Ethereum rollups. Puffer UniFi will be the first rollup to use Google Cloud’s gateway for transaction processing and preconfirmations.
Puffer UniFi is Puffer’s high-performance Ethereum execution stack, built to deliver real-time execution while remaining synchronously composable with Ethereum.
The integration makes Google Cloud one of the first major cloud infrastructure providers to actively operate within Ethereum’s preconf and rollup ecosystem.
Google Cloud brings enterprise-grade reliability and geographic diversity. Rollups and appchains can select either gateway individually or combine them for added resilience. Starting with Puffer UniFi, this gives rollups access to Google Cloud’s infrastructure for transaction processing and sub-second preconfirmations.
Puffer Preconf addresses a core limitation of based rollups, a new class of Ethereum rollups that use Ethereum validators for transaction sequencing instead of centralized sequencers. While based rollups inherit Ethereum’s security and decentralization, they are constrained to Ethereum’s 12-second block times. Puffer Preconf’s gateway layer provides near-instant execution preconfirmations, backed by restaked ETH and economic security. If any gateway fails to honor a preconfirmation commitment, a slashing mechanism compensates affected parties, providing credible downside protection.
With sub-second confirmations from multiple gateway providers, Puffer Preconf makes it practical for developers to build applications, AI agents, and rollups that compose across the Ethereum ecosystem with near-instant finality. Puffer UniFi will be the first rollup to put Google Cloud’s gateway infrastructure into use, combining high-performance execution with fast preconfirmations before final settlement on Ethereum. This composability is particularly relevant as agentic commerce accelerates. AI agents executing high-frequency, time-sensitive transactions onchain need the speed and finality guarantees that Puffer Preconf’s gateway layer provides.
“Preconfirmations are how Ethereum rollups deliver speed without giving up decentralization. Google Cloud joining the Gateway Registry brings geographic and operational resilience to Puffer’s infrastructure and, by extension, the broader Ethereum ecosystem. With Puffer UniFi as the first rollup to use Google Cloud’s gateway, we’re bringing that infrastructure directly into Puffer UniFi’s execution stack, giving institutions, applications, and AI agents the speed and reliability they need to operate on Ethereum in synchrony,” said Amir Forouzani, Co-Founder and CEO of Puffer Labs.
“AI and agents are moving towards onchain payment operations. This creates demands on infrastructure that can enable speed and scalability. We’re excited to contribute to this infrastructure as a gateway operator,” said Pranav Mehrotra, APAC Technology Leader – New Frontiers, Google Cloud.
About Puffer Finance
Puffer is building the next-generation settlement layer for Agentic Commerce. Through Puffer UniFi, AI agents, institutions, and trading platforms can transact and settle instantly on Ethereum, enabling synchronous composability with Ethereum for the first time.
About Google Cloud
Google Cloud accelerates every organization’s ability to digitally transform its business. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.
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.
SlowMist: Official FOMO iOS App Exposed to Contain Crypto-Stealing Malware, Was Available on App Store for a Week
Blockchain security firm SlowMist has warned that the official FOMO iOS app was found to contain malware capable of stealing cryptocurrency assets. The affected versions of the app were available on the App Store between September 9 and September 17. SlowMist stated that the malicious module has attack capabilities similar to the DarkSword malware, which could result in the theft of users’ seed phrases and private keys. Given that the FOMO app was promoted via crypto KOLs, some users may have downloaded the affected versions. SlowMist also cautioned that simply updating or deleting the FOMO app may not be sufficient to eliminate the risk; users who used the affected versions should assume their seed phrases, private keys, and sensitive credentials have been compromised, and take corresponding security measures. Additionally, SlowMist’s Chief Information Security Officer Shan Zhang previously warned that iOS versions 13 through 16.5 may be vulnerable to malicious Safari link attacks exploiting memory corruption vulnerabilities in WebKit and JavaScriptCore. Attackers can leverage these flaws to gain read and write access to the JavaScript layer, further bypass pointer authentication, escape the WebContent sandbox, and escalate kernel privileges, ultimately obtaining encryption keys and wallet data.
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Polygon's stablecoin miMATIC remains depegged, trading at a 14% discount to its $1 peg.
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Binance Wallet announced in a statement that from September 23 to December 22, 2026, users transferring USDT and other TRC-20 tokens via Binance Wallet to the TRON network will be eligible for a 0 gas fee promotion. The campaign is backed by TRON DAO, and after its conclusion, transfer fees will be reduced to 1 USDT per transaction.
Bitcoin and Ethereum options carrying roughly $18.1 billion in notional value have moved toward their Sept. 25 quarterly expiry with calls outweighing puts across both markets, according to Coinbase Markets.
Summary
Bitcoin and Ethereum options worth roughly $18.1 billion are scheduled to expire and settle Friday. Bitcoin options carry a 0.66 put-call ratio, while recent trading volume shows 0.37, Coinbase reports. Ethereum options show 0.61 open-interest put-call ratio, with recent trading volume at 0.55, Coinbase says. Bitcoin call open interest clusters near $90,000 and $100,000 strikes ahead of Friday’s quarterly settlement. Ether call interest is concentrated between $3,000 and $4,000 as September contracts approach expiration Friday. Coinbase Markets said Bitcoin’s open-interest put/call ratio stood at 0.66, while its 24-hour volume ratio was lower at 0.37. Ether showed an open-interest ratio of 0.61 and a 24-hour volume ratio of 0.55. Coinbase described both books as call-heavy, with recent trading even more tilted toward calls, particularly for Bitcoin.
A separate Deribit-sourced snapshot taken at 03:53 UTC on Sept. 23 showed $16.13 billion of Bitcoin inverse-option open interest scheduled for Friday and $2.16 billion in Ether, putting the combined figure near $18.29 billion. Differences from Coinbase’s $18.1 billion reading can arise as prices and positions change between snapshots.
ethereum:native :
OI put/call: 0.61
24h volume put/call: 0.55
Both books are already call heavy, but recent flow is even more skewed toward calls, particularly in BTC.
BTC… pic.twitter.com/eFQe6wPbaW
— Coinbase Markets 🛡️ (@CoinbaseMarkets) September 23, 2026 Bitcoin options put $90,000 and $100,000 strikes in focus Bitcoin accounts for most of Friday’s expiry. Deribit-sourced data showed $9.61 billion in BTC call open interest against $6.52 billion in puts for Sept. 25, producing a 0.68 put/call ratio at the later snapshot.
Coinbase identified $90,000 and $100,000 as two areas where Bitcoin call open interest is concentrated. With BTC trading near $86,500 early Wednesday, the $90,000 strike sat roughly 4% above spot while $100,000 remained nearly 16% higher. Market data showed Bitcoin trading between roughly $86,149 and $86,791 during the Sept. 23 session.
The call concentration does not establish that Bitcoin will reach either strike before expiry. Open interest counts outstanding contracts but does not reveal whether each trader bought or sold the call, while many options positions form part of spreads, hedges or market-making strategies.
Put/call ratios below one show that calls outnumber puts under the selected measure. Coinbase’s 0.37 ratio for recent BTC options volume points to considerably more call than put trading, but volume by itself does not identify the ultimate directional exposure of all participants.
The market has nevertheless moved closer to the largest upside strikes since Coinbase’s previous quarterly-expiry update. Bitcoin surged from around $76,000 on Sept. 17 to above $86,000 this week, reaching an eight-month high above $87,000 on Sept. 21.
Bitcoin’s move toward $90,000 has been supported by renewed spot demand and short covering, although analysts said continued buying would be required to sustain the advance.
Ether options build toward $3,000 to $4,000 calls Ether’s Friday book is smaller in dollar terms but carries a similar call-heavy structure. Deribit-sourced data showed approximately $1.34 billion in ETH call open interest against $820.1 million in puts for Sept. 25, matching Coinbase’s reported 0.61 open-interest put/call ratio.
Coinbase said ETH call interest is spread through the $3,000-$4,000 range. Ether was trading close to $2,760 early Sept. 23, putting $3,000 approximately 8.7% above spot. The $4,000 strike remained around 45% higher. Market data showed ETH had traded between roughly $2,750 and $2,766 during Wednesday’s session after closing near $2,753 on Tuesday.
Ether has gained sharply since the middle of last week. The asset traded near $2,416 on Sept. 16 before moving through $2,600 and reaching an intraday high above $2,805 on Sept. 21.
Reuters reported that ETH had broken above a technical resistance level near $2,661.52, with its technical analysis identifying $3,050 as one potential upside level if momentum continued. The projection is a chart-based scenario and does not establish where ETH will trade into expiry.
Ethereum’s earlier breakout above the $2,550 area opened attention toward higher resistance levels after buyers defended support near $2,400.
Friday’s expiry has grown since Coinbase’s Sept. 15 snapshot Friday’s notional amount has increased since Coinbase Markets published its earlier Q3 positioning data.
On Sept. 15, Coinbase placed combined Bitcoin and Ethereum options open interest for the quarterly expiry at roughly $16.6 billion. Bitcoin accounted for approximately $14.73 billion, with Ether at $1.92 billion. At the time, BTC’s put/call ratio stood at 0.52 and ETH’s at 0.57.
Bitcoin accounted for nearly 89% of the $16.6 billion Q3 options expiry in that earlier snapshot. Coinbase then identified Bitcoin’s max-pain level near $72,000 and Ether’s around $2,200.
By Sept. 23, Coinbase’s combined figure had moved to roughly $18.1 billion while the reported put/call ratios had risen to 0.66 for Bitcoin and 0.61 for ETH. A higher put/call ratio means puts have increased relative to calls compared with the earlier snapshot, even though calls still dominate overall open interest.
The increase in notional value should not automatically be interpreted as an equivalent amount of new money entering the market. Notional open interest changes with the number of outstanding contracts and the value assigned to the underlying assets, while Bitcoin and Ether prices have risen sharply since Sept. 15.
PerpFinder’s Deribit-sourced methodology notes that USD open-interest figures represent contract quantities valued using forward prices. They do not measure option premiums paid, margin posted or the amount of cash that will change hands at settlement.
Bitcoin and Ether quarterly options settle at 08:00 UTC The Sept. 25 contracts form part of Deribit’s quarterly expiry cycle. Deribit states that quarterly BTC and ETH options expire on the last Friday of March, June, September and December at 08:00 UTC.
For Friday’s expiry, the settlement process uses the relevant Deribit index over the period immediately before expiration. PerpFinder’s methodology states that the delivery price is based on the appropriate index’s time-weighted average between 07:30 UTC and 08:00 UTC.
The size of the expiry can lead traders and market makers to adjust hedges as option deltas change when spot prices move closer to major strikes. The presence of large open interest at $90,000, $100,000, $3,000 or $4,000 does not require spot prices to move toward those levels.
Deribit reports that its platform handles roughly 85% of BTC and ETH options activity, making its quarterly expiries a large component of the crypto derivatives market. Its August statistics showed $56.13 billion in Bitcoin options turnover and $7.14 billion in Ether options turnover during the month.
Friday’s quarterly contracts are scheduled to expire at 08:00 UTC on Sept. 25. The final notional open interest, put/call ratios and strike concentrations can continue changing until traders close, roll or add positions before settlement.
Key Highlights ETH maintained support around $2,760 following a 14% weekly surge. Spot Ethereum ETFs in the United States captured approximately $270 million in single-day inflows, pushing the two-day total to about $413.8 million. On-chain analytics platform Lookonchain tracked new whale accumulation, including a 6,247 ETH acquisition financed by selling 200.71 BTC. BitMine reportedly purchased an additional 12,500 ETH, following its 27,562 ETH acquisition from the prior week. Market analyst Ted noted that a weekly close above the 100-week simple moving average could target the $3,300-$3,400 zone. Ethereum sustained its position above the $2,700 threshold on Tuesday as its weekly rally reached approximately 14%.
The second-largest cryptocurrency by market capitalization traded around $2,760, after touching an intraday peak near $2,804.
Ethereum (ETH) Price This upward momentum has been accompanied by increased capital allocation into United States-based spot Ethereum exchange-traded products.
These investment vehicles attracted roughly $270 million in net inflows during a single trading session, representing the strongest daily performance since October.
U.S. spot Bitcoin ETFs recorded $999 million in net inflows on Sept. 21, according to SoSoValue, led by BlackRock’s IBIT with $381 million. Spot Ether ETFs added another $270 million, with BlackRock’s ETHA attracting $110 million. pic.twitter.com/RtvSstQVGl
— Wu Blockchain (@WuBlockchain) September 22, 2026
This achievement represents the second consecutive day of positive flows, bringing the cumulative two-day inflow figure to approximately $413.8 million and reversing the previous three-day outflow trend.
Major Holders and BitMine Expand ETH Holdings According to blockchain intelligence provider Lookonchain, one over-the-counter whale acquired 4,500 ETH, increasing its total holdings to approximately 37,000 ETH.
A separate large holder converted 200.71 BTC into 6,247 ETH. Within a six-day period, this wallet has exchanged 1,308 BTC for 40,670 ETH before staking the complete allocation.
Corporate Ethereum accumulator BitMine Immersion appears to have secured another 12,500 ETH, based on Lookonchain’s tracking data.
The firm had previously acquired 27,562 ETH during the week before. Its estimated total holdings now approach 5.98 million ETH, valued at approximately $16.5 billion based on current pricing.
BitMine’s Chairman Thomas Lee stated that the organization considers Ethereum’s third-quarter price action as potentially setting up enhanced fourth-quarter momentum.
Trading activity in derivatives markets remains elevated. Aggregate ETH futures open interest reached roughly $36 billion, with CME open interest climbing more than 8%.
ETH Confronts $2,786 Barrier Ethereum experienced a rejection around $2,786, establishing this level as the primary near-term resistance zone.
Additional resistance targets above this threshold include $2,894 and $3,177.
The cryptocurrency continues trading above its critical daily exponential moving averages, with the 20-day EMA positioned near $2,537.
The Relative Strength Index registered near 71, while the Stochastic Oscillator exceeded 90, indicating that upward momentum has entered overbought territory.
Chart analyst Ted highlighted on X that ETH has arrived at the $2,800 resistance area and is currently challenging its 100-week simple moving average.
$ETH tapped the $2,800 resistance zone.
Ethereum is now at 100W SMA, and this week will decide the next move.
A weekly close above the 100W SMA could push ETH towards $3,300-$3,400.
A rejection means ETH might retest the $2,550 zone. pic.twitter.com/QzIs18Z6ZY
— Ted (@TedPillows) September 22, 2026
According to Ted’s analysis, a weekly close surpassing this moving average could propel Ethereum toward the $3,300-$3,400 range, whereas rejection might trigger a pullback to approximately $2,550.
Seasoned trader Peter Brandt additionally published an extended-timeframe Ethereum futures chart on X, identifying a potential price objective near $8,674 following a decisive breakout above the $5,000 level.
This is my long-term chart of ethereum:native It implies an eventual move to 8,600 once 5,000 is handled
A claim of a "call" or simple presentation of a chart is NOT a trade
People who claim "trades" need to provide proof or else the claims are BS
An X post is NOT proof pic.twitter.com/I2OFkn0Ne6
— The Factor Report (@PeterLBrandt) September 21, 2026
Currently, ETH trades beneath the $2,786 resistance barrier, with the $2,626-$2,544 range establishing the nearest support area according to available technical analysis.
Ethereum maintained its position above $2,700 on Tuesday, buoyed by a robust weekly rally that lifted its price by 14%. The cryptocurrency, which ranks second by market capitalization, hovered around $2,760 after reaching an intraday high near $2,804 during the session.
Spot ETF inflows signal renewed institutional demandInvestor focus has intensified on United States-based spot Ethereum exchange-traded funds (ETFs), which recently showed a spike in trading activity. These ETFs recorded approximately $270 million in net inflows within a single day, marking the strongest daily performance since October. Over two consecutive days, new inflows totaled about $413.8 million, effectively reversing a prior three-day run of outflows and indicating a renewed appetite for Ethereum among institutional investors.
Spot Ethereum ETFs in the U.S. drew about $270 million in one session, pushing the two-day figure to around $413.8 million and ending three consecutive days of outflows. This signals accelerating institutional interest in ETH as capital shifts back into the sector.
On-chain analytics tracked by Lookonchain also identified notable activity from large holders during this period. One whale increased its holdings by 4,500 ETH and now holds nearly 37,000 coins. Another significant player exchanged 200.71 BTC for 6,247 ETH; throughout six days, this wallet traded 1,308 BTC for 40,670 ETH before moving the entire sum into staking.
Whales and corporate accumulators increase ETH exposureBitMine Immersion, a prominent corporate Ethereum holder, reportedly acquired another 12,500 ETH this week. The firm had added 27,562 ETH the previous week, which brought its total accumulation close to 5.98 million ETH—representing an estimated value of $16.5 billion at prevailing prices. BitMine’s Chairman, Thomas Lee, stated that the group views Ethereum’s third-quarter price performance as a foundation for possible momentum in the coming quarter.
Derivatives activity also reflected surging interest: total futures open interest for ETH approached $36 billion, with CME open interest rising more than 8% during the week.
Key resistance and market sentimentTechnically, Ethereum met resistance at approximately $2,786, which traders now identify as a critical barrier for near-term gains. Additional resistance points have been observed near $2,894 and $3,177. Despite this, ETH continues to trade securely above key daily exponential moving averages, with the 20-day EMA now around $2,537.
Momentum indicators show Ethereum in overbought territory, with the Relative Strength Index near 71 and the Stochastic Oscillator above 90. Technical analyst Ted noted that Ethereum has reached the $2,800 resistance region, currently testing its 100-week simple moving average. He shared that a weekly close above this level could open the path toward the $3,300 to $3,400 zone, while a failure might send ETH back toward $2,550.
A sustained close above Ethereum’s 100-week average may signal a move toward $3,300–$3,400, while a reversal could see support revisited near $2,550, according to analysts observing market trends.
Providing a longer-term perspective, trader Peter Brandt analyzed Ethereum futures and estimated a price target near $8,674—should ETH achieve a decisive breakout above $5,000.
As the market closely observes resistance and support levels, tracking not only price action but also investor behavior has become essential—especially in the rapidly evolving meme token segment. Here, an internet trend can transform into millions of dollars of trading volume in days. Fomo App, which integrates token discovery with social feeds, investor rankings, and timely notifications, highlighted a recent trade where an initial $99 investment in “Niu Lai” grew to approximately $370,000, illustrating the pace and scale of meme token activity.
At present, Ethereum remains below the $2,786 resistance. Immediate support has formed in the $2,626 to $2,544 range, keeping traders attentive to upcoming market shifts.
Ethereum (ETH) climbed nearly 2% in the past 24 hours, hitting the $2,800 mark as technical and on-chain signals pointed to the potential for further gains. The cryptocurrency has steadily recovered since falling to a low near $1,550, establishing a key bottom that ended its previous bearish cycle.
ETH’s recent surge saw the asset break out of a bullish continuation pattern. This move placed the next significant upside target at approximately $3,400. Trading activity intensified during the rally, with Ethereum’s trading volume rising to about $20 billion. This figure amounts to nearly 6% of ETH’s circulating market capitalization, reflecting heightened participation by traders.
The broader digital asset market also joined the rally, forcing bearish traders to close leveraged positions. Total crypto short liquidations reached $924 million on Monday—Ethereum accounted for about one-fifth of those liquidations. When traders are forced to close their short positions, they must buy back the asset, which can further accelerate price increases.
Such liquidation-driven rallies can produce sharp volatility, and Ethereum will require sustained spot demand and continued capital inflows to maintain its momentum once the immediate effects of the short squeeze diminish.
US spot Ethereum ETFs experienced robust inflows this week, with $270 million recorded on Monday and $162.31 million on Tuesday. These inflows coincided with ETH’s notable price gains and its breakout from the bullish flag formation.
While daily ETF inflows were strong, the broader monthly trend has been somewhat subdued. Ethereum ETFs have attracted $620 million so far in September. At the current pace, these funds would end the month near $750 million in net inflows, about half the level seen in August. Nonetheless, these amounts could shift quickly if further price advances draw larger institutional allocations.
Consistent ETF inflows would improve the bullish outlook for Ethereum, signaling that the rally is increasingly supported by regulated investment products rather than being driven primarily by speculative trading in leveraged derivatives.
On-chain indicators point to renewed bullish momentumOn-chain data further supports the idea that ETH may have entered a new bullish phase. According to Santiment, Ethereum’s 365-day Market Value to Realized Value (MVRV) ratio climbed to 3.6%, marking its first rise above zero since October 2025. The MVRV ratio compares Ethereum’s current market capitalization with the aggregate price of all tokens at the time they last moved. A positive ratio suggests the average holder is sitting on unrealized profits.
Previous instances where the MVRV ratio crossed above zero after an extended bear market have been followed by advances toward the $4,000 level. However, historical performance does not guarantee similar outcomes in the present cycle. That said, this technical crossover adds to a series of constructive developments, including a bullish price structure and growing market momentum.
Upside targets and near-term risksEthereum’s strong August rally led to the formation of a bullish flag pattern, typically seen as a consolidation before the trend resumes. If ETH’s move matches the height of the flagpole, the projected upside could reach around $3,400, which would represent a 21.4% gain from current levels. The $2,800 zone remains a crucial level—if ETH can close above it on a daily basis and successfully retest it as support, this would improve the likelihood of advancing to $3,000 and then $3,400.
Technical momentum continues to favor buyers, with the Relative Strength Index rising to 69, just below the overbought threshold of 70. This reading confirms strong momentum but also points to the risk of price exhaustion. A failure to hold $2,800 could trigger profit-taking and result in a brief pullback before any further advance.
Tracking investor behavior and technical setups is important, especially in fast-moving segments. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data shared by Fomo App, a trade involving “Niu Lai”—which turned an initial $99 investment into about $370,000—illustrates this dynamic. Monitoring not just prices but also investor timing and token choices is essential. Fomo App offers a platform that combines token discovery, social feeds, investor rankings, and trade notifications, enabling users to stay informed on meme tokens and investor activity.
Ethereum’s outlook remains supported by higher volume, continued ETF inflows, on-chain improvements, and a technical breakout, even as the market remains vigilant for signs of near-term profit-taking or volatility.
TL;DR US spot Ethereum ETFs recorded $270.0 million of net inflows for the September 21 session. BlackRock’s ETHA led the day with $110.0 million, while Fidelity’s FETH added roughly $73.0 million. The numbers are single-session ETF flows, not direct purchases by the Ethereum network or protocol. US spot Ethereum ETFs bounced back with a $270 million net inflow day, giving the market one of its stronger institutional-demand readings of the month.
The figures cover the September 21 trading session and were reported on September 22.
BlackRock And Fidelity Lead The Day BlackRock’s ETHA took in $110.0 million, while Fidelity’s FETH added approximately $72.96 million.
Those two products accounted for most of the day’s net demand.
According to the validated fund-flow data, ETHA’s cumulative inflows reached roughly $13.067 billion, while FETH’s cumulative figure moved to about $2.32 billion.
The important point is the direction of travel: after a period in which Ethereum products had struggled to match the consistency of Bitcoin ETF demand, the September 21 session produced a clear positive reversal.
That does not guarantee the trend will persist, but it does put fresh institutional capital back into the Ethereum ETF conversation.
ETF Demand Gives ETH A Cleaner Institutional Signal Spot ETF flows are useful because they isolate one specific channel of demand.
They do not tell us everything about Ethereum’s market structure, and they should not be confused with protocol revenue, staking deposits or direct onchain activity.
What they do show is whether regulated US investment products are receiving or losing capital.
On September 21, that answer was unambiguously positive.
A $270 million net inflow day does not erase prior redemptions or establish a permanent shift, but it gives ETH traders a new institutional datapoint at a time when the market has been closely watching whether Ethereum can attract sustained capital alongside Bitcoin.
This article was written by the News Desk and edited by Samuel Rae.
TLDR Ethereum rose from a July low near $1,510 to a late-September peak of about $2,777. Analyst Michael van de Poppe says a break higher could send ETH toward $3,400. Bitmine now holds 5,983,940 ETH, about 4.9% of Ethereum’s total supply. Bitmine has staked about 85% of its ETH and projects $357 million in yearly staking revenue. Ethereum network revenue hit $689,893 on September 21, its highest daily total in seven days. Ethereum (ETH) is trading near $2,750 as buyers try to extend a recovery that started in July. The price is moving toward a resistance zone that traders are watching closely.
ETH climbed from a July low near $1,510 to a late-September peak of about $2,776.97, according to TradingView data. The latest session showed a 0.92% pullback, pointing to some short-term profit-taking.
Ethereum Price on CoinGecko Analyst Watches $3,400 Resistance Crypto analyst Michael van de Poppe said in a post on X that ETH is “getting into an interesting zone.” He noted that a break above the current area could open the way toward $3,400.
Van de Poppe also said Ethereum is unlikely to return to the sub-$2,000 region in the near term. His view follows the stronger recovery structure ETH built after its July bottom.
$ETH is getting into an interesting zone.
If this area breaks, the next area of resistance is likely $3,400 and that would mean that we're back into a new range.
I don't think we'll see anything sub $2,000 in the near future again. pic.twitter.com/3ubLBpC10s
— Michaël van de Poppe (@CryptoMichNL) September 22, 2026
After consolidating around $1,850, ETH broke above $2,400 in late August. It then pushed higher toward $2,750.
The Relative Strength Index sits at 69.50, just under the 70 level often seen as overbought. The MACD line at 97.20 remains above the 80.53 signal line.
A clear move through $3,400 could help ETH set a higher trading range. A rejection near that level could lead to another period of consolidation.
Bitmine Immersion Technologies continues to add to its Ethereum treasury. The firm bought 27,562 ETH in the week ending September 21, worth about $74 million at $2,688 per coin.
Blockchain data firm Arkham reported on X that Bitmine now holds 5,983,940 ETH. That equals about 4.9% of Ethereum’s supply and is valued near $16.1 billion.
TOM LEE NOW HOLDS $16 BILLION OF ETH – AND HE'S STILL BUYING
Bitmine bought another $75.29M of ETH this week, taking its stack to 5,983,940 ETH ($16.40B). 85% of that is staked.
That is 4.9% of the entire ETH supply. They need $327.90M more ETH to hit 5%. pic.twitter.com/w2dYaEX46Q
— Arkham (@arkham) September 22, 2026
Arkham also tracked a separate 12,500 ETH transfer from Kraken, worth about $34.6 million. Bitmine’s stated goal, which it calls the “Alchemy of 5%,” is now close.
Bitmine has staked 5,067,309 ETH, or about 85% of its holdings. It reported a 7-day annualized staking yield of 2.62%, with projected yearly staking revenue of about $357 million.
Bitmine’s Tom Lee pointed to ETH’s 65.2% gain since June 30, compared with 52.2% for Solana and 36.3% for Bitcoin. He called the third-quarter outperformance “a prelude to a potentially stronger up move” in the fourth quarter.
Bitmine stock, BMNR, traded at $28.25 at press time, up 8.84% in one session. The company recently switched its staking deal to American Validator, cutting the revenue-sharing fee to 1.50%.
On-chain data added another data point. Chainspect reported on X that Ethereum earned $689,893 in transaction revenue on September 21.
That figure was the highest daily total of the past seven days. ETH remains below $2,780 as traders watch the $3,400 level.
Prediction market platform Kalshi is under scrutiny for facilitating close to a million trades of nearly identical sizes in a single market, according to a report published on Tuesday.
Why Are So Many Kalshi Trades the Same Size?Over one-third of Kalshi’s trading volume speculating on the price of Ethereum (CRYPTO: ETH) was rapid trades clustered around the same order size—$5,500, a Wall Street Journal analysis found.
Overall, trades executed at $5,500 generated more than $5 billion in Ethereum perpetual volume over the past month, the report said.
Wash trading is a form of market manipulation where an entity simultaneously buys and sells the same financial asset to create a false illusion of market activity.
Read Next
Wash Trading ‘Explicitly Banned’Pseudonymous quant analyst and Stealth Neolab co-founder Beni made similar allegations last week, stating that the $5,500 trades accounted for as much as 58% of Kalshi’s Ethereum perpetual volume across four separate days.
Kalshi cryptocurrency lead IcoBeast dismissed the allegations, arguing that Kalshi’s fee structure should deter wash trading and that critics had mixed up Kalshi’s prediction-market activity with its perpetual-futures business.
In a separate blog post on Tuesday, Kalshi said wash trading is "explicitly banned in our rulebook," and the platform has seen “no evidence” of collusion or wash trades.
Kalshi attributed the repeated trade sizes to its liquidity-provider program, saying market makers post resting orders at fixed sizes that can be repeatedly filled by different traders.
The CFTC, which oversees prediction markets in the U.S., didn’t immediately return Benzinga’s request for comment.
Notably, a study by Columbia University last year estimated that nearly 25% of Polymarket’s volume in the previous three years was wash trading.
The researchers, however, did not accuse Polymarket of being complicit in the activity.
Read Next
Kalshi and Benzinga have an existing data collaboration agreement.
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ETH USD Loses Ground as Ethereum Price Analysis Remains Targeting $3,000 This Week presales
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We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
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We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
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Ethereum Price Prediction, September 23: Ethereum (ETH) trades at $2,735, down a marginal 0.61% over the past 24 hours, a pause, not a reversal, after a week that saw the token gain 15% and reclaim territory it hadn’t touched since October.
US spot ETH ETFs pulled in roughly $270 million on Monday, the largest single-day inflow since October, extending a two-day streak worth $413.8 million that erased the prior three days of outflows.
Treasury firm BitMine Immersion added 12,500 ETH to its stack, building on last week’s 27,562 ETH purchase and pushing total holdings to 5.983 million ETH, worth a jaw-dropping $16.5 billion at time of writing.
Chairman Thomas Lee called Q3’s ETH outperformance “a prelude to a potentially stronger up move” in Q4, citing institutional underweighting of crypto relative to AI stocks this year.
The rally has held despite a Fed rate hike, Houthi advance and a stalled Clarity Act in the Senate, arguably a sign that flows, not headlines, are driving this leg. ETF inflows and resistance levels now matter more to price than regulatory noise.
ETH USD price is consolidating near the top of its recent range, with the 24-hour band running $2,716.89 to $2,787.96.
Buyers have consistently defended the $2,710–$2,720 zone, the former breakout level that’s now acting as near-term support.
Resistance sits at $2,750–$2,800, a level ETH is actively probing after ETF inflows accelerated.
(Source – TradingView, ETH USD)
Bull case: a clean break above $2,800 opens the door toward $3,000, a target chartist Ali Martinez has flagged from a triangle breakout pattern, with Messari’s base case extending to $3,200–$3,800 by December.
Base case: ETH grinds sideways between $2,700 and $2,800 while the market digests BitMine’s accumulation and awaits the Glamsterdam upgrade’s October 6 testnet launch.
Bear case: a slip below $2,400–$2,405 invalidates the current structure entirely. Prediction markets currently assign just a 38% probability to ETH closing September above $2,750 — a reminder that conviction here is thinner than the chart suggests.
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit
LiquidChain Targets Early Mover Upside as Ethereum Tests Key LevelsAnyone holding ETH since the June lows is sitting on solid gains, and the ETF flow data validates the position. But here’s the uncomfortable math: at a $330 billion-plus market cap, ETH needs enormous capital inflows to deliver the kind of multiples early-stage tokens can post off a fraction of that volume. That’s the gap presale plays are built to fill.
LiquidChain (LIQUID) is a Layer 3 infrastructure project built to fuse Bitcoin, Ethereum, and Solana liquidity into a single execution environment, a “deploy-once” architecture where developers build once and access all three ecosystems rather than fragmenting liquidity across chains.
The presale is priced at $0.014958 with $971,680.17 raised so far. Core features include a Unified Liquidity Layer, Single-Step Execution, and Verifiable Settlement.
Presale tokens carry the standard early-stage risk profile, no live mainnet track record yet, so allocation size should reflect that.
Those curious can research LiquidChain directly at liquidchain.com before the round progresses further.
Gain Special Access to Layer 3 Trading Here
Key Takeaways ETH holds above $2,700 support; a close above $2,800 could open a path toward $3,000 near-term. A break below $2,400–$2,405 would invalidate the current bullish structure and shift momentum bearish. LiquidChain’s unified liquidity layer targets cross-chain fragmentation between BTC, ETH, and SOL execution environments. The Glamsterdam upgrade’s October 6 testnet launch is the next major catalyst for ETH price action.
SlowMist: Official FOMO iOS App Exposed to Contain Crypto-Stealing Malware, Was Available on App Store for a Week
Blockchain security firm SlowMist has warned that the official FOMO iOS app was found to contain malware capable of stealing cryptocurrency assets. The affected versions of the app were available on the App Store between September 9 and September 17. SlowMist stated that the malicious module has attack capabilities similar to the DarkSword malware, which could result in the theft of users’ seed phrases and private keys. Given that the FOMO app was promoted via crypto KOLs, some users may have downloaded the affected versions. SlowMist also cautioned that simply updating or deleting the FOMO app may not be sufficient to eliminate the risk; users who used the affected versions should assume their seed phrases, private keys, and sensitive credentials have been compromised, and take corresponding security measures. Additionally, SlowMist’s Chief Information Security Officer Shan Zhang previously warned that iOS versions 13 through 16.5 may be vulnerable to malicious Safari link attacks exploiting memory corruption vulnerabilities in WebKit and JavaScriptCore. Attackers can leverage these flaws to gain read and write access to the JavaScript layer, further bypass pointer authentication, escape the WebContent sandbox, and escalate kernel privileges, ultimately obtaining encryption keys and wallet data.
4 minutes ago
The yield on 2-year U.S. Treasuries rose to 4.79%, hitting a new high for the year.
U.S. Treasury yields extend their upward trend, with the 2-year U.S. Treasury yield rising to 4.79%, hitting a new high for the year. (Jinshi)
4 minutes ago
Polygon's stablecoin miMATIC remains depegged, trading at a 14% discount to its $1 peg.
According to Blockaid’s monitoring, the stablecoin miMATIC from QiDao Protocol on Polygon remains depegged, currently trading at approximately $0.86, about 14% lower than its $1 peg. Blockaid noted that the depegging situation has continued as of press time.
4 minutes ago
Spot silver plunged 3% intraday, currently trading at $65.01.
According to Bitget market data, spot silver has dropped 3% intraday, currently priced at $65.01 per ounce.
4 minutes ago
Binance Wallet launches a 0 gas fee campaign for TRON network transfers, running until December 22.
Binance Wallet announced in a statement that from September 23 to December 22, 2026, users transferring USDT and other TRC-20 tokens via Binance Wallet to the TRON network will be eligible for a 0 gas fee promotion. The campaign is backed by TRON DAO, and after its conclusion, transfer fees will be reduced to 1 USDT per transaction.
Leading cryptocurrencies ticked higher on Tuesday as investors digested President Donald Trump’s latest remarks on Iran peace negotiations.
Crypto Market StabilizesBitcoin faced resistance near the upper-$86,000 range after climbing above $87,000 the previous day. Ethereum oscillated in the $2,700 region, while XRP and Dogecoin held on to their gains.
Over $266 million was liquidated from the cryptocurrency market in the last 24 hours, as short positions suffered heavier losses than long bets, according to Coinglass data.
Bitcoin’s open interest rose 0.85% over the last 24 hours. Binance’s retail derivatives traders held a net short position on Bitcoin, while whales marginally increased their long exposure.
Market sentiment cooled from “Extreme Greed” to “Greed,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market cap today is $3.03 trillion, marking a 0.5% change in the last 24 hours.
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Nasdaq Rises to New RecordStocks delivered a mixed performance on Tuesday. The Dow Jones Industrial Average fell 185.14 points, or 0.36%, to end at 51,863.39. The S&P 500 closed near flat at 7,764.64. The tech-focused Nasdaq Composite rallied 0.5% to close at a new record of 27,244.27.
Investors remained on edge as Trump sent mixed signals on Iran. He told reporters that U.S. officials had a “very good” meeting with the Iranian delegation at the United Nations General Assembly.
During the UNGA address, Trump said he has a “big decision” to make, whether to make a deal with Iran or “annihilate” the country.
Bitcoin to Reclaim $100,000?Cryptocurrency analyst Ali Martinez identified Bitcoin’s “strong support” at $84,569, with additional support near $77,000, citing the Unspent Transaction Output Realized Price Distribution chart.
The indicator maps out the exact price levels where existing coin supplies last moved or were acquired on-chain.
“With support below, overhead resistance is thinning out,” Martinez added. “The next major URPD resistance sits near $104,765, where roughly 283,000 BTC were traded.”
Michaël van de Poppe, another widely followed cryptocurrency commentator, anticipated Bitcoin’s potential liquidity sweep to $84,000
“If the markets are giving me this opportunity, that’s where you’ll need to be getting interested in potential longs,” Van De Poppe added.
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.
TL;DR: w0G, the wrapped version of 0G's native token, now trades with live liquidity on Ethereum, Solana, Base, and Robinhood Chain. The official contract addresses are listed below, with chain IDs and decimals. Verify the address before you trade, every time.
Same token, four chains: w0G on Ethereum, Solana, Base, and Robinhood ChainWhat is w0G?Just like wETH is Ethereum's ether in wrapped form, w0G is $0G in wrapped form. Same token, built to travel.
If your funds live on Ethereum, Solana, Base, or Robinhood Chain, you can now get $0G exposure without leaving your chain. As of September 2026, w0G trades with live liquidity on all four networks.
Bridging reaches further than trading. The 0G Hub bridges into 0G from six chains, while the four above are where w0G itself trades with live liquidity.
w0G moves between chains over Chainlink CCIP, the same cross-chain standard 0G has used since mainnet. Hold it as $0G exposure where you are, or move it to 0G mainnet whenever you want the native token. On 0G, w0G unwraps to native $0G.
One distinction worth keeping: w0G is the transport form of the token. Staking, gas, and everything native to the 0G network run on $0G itself. When you want those, come to 0G mainnet and unwrap.
What changedThe contracts themselves are not new. What changed is that there is now real liquidity behind them on four networks at once, so w0G is something you can actually trade rather than an address sitting on a chain.
That removes a step for anyone whose capital already lives somewhere else. Getting $0G exposure used to mean arriving on 0G mainnet first. Now the chain you already use can be the starting point.
Where to get 0Gget.0g.ai is the interactive guide to acquiring 0G, with routes for developers, investors, and ecosystem participants.
Official contract addressesThese are the only official w0G contracts. Anything else using the name is fake. Verify the address before you trade.
NetworkChain IDw0G contract addressDecimals0G Mainnet166610x1Cd0690fF9a693f5EF2dD976660a8dAFc81A109c18Ethereum10x4C1Dab3Be86347977F3DfC4b9688224ef227293918Base84530x23cd099eB438CcA50349EE2BC809196b1ae0086118Solanamainnet-betagNyJyS9pQt33o4y4L3gdWZAF2XHgPrCBRQuaiCZStMe9Robinhood Chain46630x32003CC8357938bCF615c1222a349c58f2B3069818Two details worth reading twice if you are building against these.
The Solana mint uses 9 decimals. Every EVM deployment uses 18. Convert amounts when you move value between them, or your numbers will be off by nine orders of magnitude.
The 0G Mainnet contract is not the same kind of thing as the others. On 0G, w0G is backed by the WrappedOGBase precompile, which is what makes the unwrap to native $0G possible. On Ethereum, Base, Solana, and Robinhood Chain, w0G is registered in Chainlink CCIP's TokenAdminRegistry with its own token pools.
Every address above is also published in the 0G docs:
Where w0G trades todayWe checked these routes on September 23, 2026:
Ethereum: Uniswap, KyberSwapBase: Uniswap, KyberSwapSolana: Jupiter, RaydiumRobinhood Chain: Uniswap, KyberSwapThe fomo and Axiom apps also list w0G on Ethereum, Base, and Robinhood Chain.
To follow price and pools, DexScreener and GeckoTerminal index w0G on all four networks. Search by contract address, never by name: tokens that copy the 0G name appear in search results with fake liquidity figures.
How to check an address before you tradeThree habits that cost a few seconds and save the whole position.
Compare the address against the 0G docs page above, character by character, including the first and last four.Type or paste the address into the chain's own explorer yourself. Do not follow a link someone sent you to get there.Treat any address that arrives in a reply, a DM, a bio, or a group chat as fake until the docs page says otherwise. Scam tokens reuse the w0G name precisely because the name is now worth something.On Ethereum there is one more thing to know. The older bridged 0G token is a LayerZero OFT at 0x4B948d64dE1F71fCd12fB586f4c776421a35b3eE, it moves through Stargate, and it is a different contract from w0G. Both are legitimate 0G tokens, but they are not interchangeable, so check which one a venue expects before you send funds.
Bookmark the docs page. If you ever see a different address claiming to be w0G, it is not ours.
FAQWhat is w0G?w0G is the wrapped version of $0G, the native token of the 0G network. It exists so you can hold and trade $0G exposure on chains other than 0G mainnet. It moves between chains over Chainlink CCIP.
Is w0G the same as $0G?Same value, different form. $0G is the native token on 0G mainnet, used for staking and gas. w0G is its wrapped representation on other chains. Move w0G to 0G mainnet and it unwraps to native $0G.
How do I convert w0G to native $0G?Bridge it to 0G mainnet through the 0G Hub. The Hub delivers w0G first and then unwraps it into native $0G.
Where do I find the official contract addresses?In the table above, and on the 0G docs token-addresses page. Verify against those two before trading. Never trust an address from a reply, a DM, or a bio.
What is 0G?0G is the trust layer for AI. It combines private compute, encrypted storage, and an AI-native EVM L1 chain in one stack where AI work, from inference to agent actions, is verified and audited.
Where can I get 0G?get.0g.ai is the interactive guide on how and where to acquire 0G tokens, with options for developers, investors, and ecosystem participants.
Where can I build on 0G?Start at build.0g.ai for docs, starter kits, and the latest SDK. Visit 0g.ai/partners to browse the projects already shipping on the network.
Trueo said it will make Ethereum mainnet its primary deployment and build its next oracle there. Vitalik Buterin called the project “ethical and not corposlop.” The TRUE token is up 900% in 24 hours. Trueo's contracts are still deployed only on Base, and no migration date has been set.
Trueo said it will make Ethereum mainnet its primary deployment and build its next oracle there. Vitalik Buterin called the project “ethical and not corposlop.” The TRUE token is up 900% in 24 hours. Trueo's contracts are still deployed only on Base, and no migration date has been set.
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Prediction market Trueo is migrating from Base to Ethereum mainnet, earning praise from Vitalik Buterin.
Trueo, a permissionless prediction market where users create their own markets, is migrating from Base to Ethereum L1. The team is betting that mainnet's liquidity and integrations are worth more than cheap, fast blocks, and Vitalik Buterin quickly gave the move his blessing.
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What’s the Scoop? Why now: Trueo launched on Base in March 2025, when L1 gas was pricier and much of its product was still experimental. It now wants to be a mostly immutable, widely integrated platform, and it insists the switch isn't a vote against Base.
Oracle first: Once it's on L1, the team will focus on pulling liquidity into core market categories and shipping the next generation of its evidence-driven oracle, which it considers its biggest edge in dispute resolution.
Transitioning: Base markets keep running, but users are asked not to open new ones that expire after Jan. 31st, 2027. TRUE holders can migrate anytime, with no cutoff, and future rewards will live on Ethereum.
Market buzz: At the time of writing, TRUE had ripped +920% on the day following Vitalik's endorsement.
Tom Lee’s Bitmine is once again in the news as it added 27,562 additional Ethereum [ETH] to its treasury in the past week ending on the 21st of September.
At approximately $2,688 per ETH, that purchase represents roughly $74 million in ETH.
Separately, the firm also made a transfer of 12,500 ETH from Kraken, worth about $34.6 million at the stated price, as part of the company’s broader accumulation activity.
Source: Arkham Bitmine’s impressive ETH stash update With this, Bitmine’s total ETH holdings have reached 5,983,940 ETH, valued at about $16.43 billion, representing approximately 4.9% of Ethereum’s total available supply of 122.1 million ETH.
As updated many times, BitMine has set a goal of the “Alchemy of 5%,” which means it is now very close to that target.
That said, besides buying and holding, BitMine is also putting a large portion of its ETH to work through staking. As of the 20th of September, BitMine had staked 5,067,309 ETH, worth roughly $13.6 billion at an ETH price of $2,688.
That represents about 85% of the company’s total ETH holdings.
Source: Bitmine BitMine said its own staking operations generated a 7-day yield of 2.62% on an annualized basis. Based on its current staking position, the company’s annualized staking revenues are now projected at approximately $357 million.
In fact, it also estimates that if all of its ETH were eventually fully staked through its MAVAN platform and staking partners, the annualized staking rewards could reach approximately $421 million, assuming the same 2.62% yield.
How is ETH acting as a catalyst? Here, Bitmine’s Tom Lee has also given enough credit to the price of ETH behind this achievement.
Source: Bitmine According to the chart shared by BitMine, ETH had gained approximately 65.2% since the 30th of June, compared with 52.2% for Solana and 36.3% for Bitcoin over the same period.
At the same time, Ethereum had also outperformed the S&P 500 by 6,519 basis points during the quarter to date.
Remarking on which, Lee added,
To us, this massive outperformance of ETH in 3Q26 is viewed as a prelude to a potentially stronger up move in the 4th quarter of 2026.
Lee is particularly optimistic about Ethereum’s performance in the Q4, as he argues that ETH’s strong Q3 performance could precede another move higher in Q4.
BMNR stock rides the boat At the same time, BitMine’s stock-market activity is also booming, as it was trading at $28.25 at press time, up by 8.84% in a single trading session. This has also pushed BMNR stock to rank 100th among 5,704 U.S.-listed stocks.
Source: Bitmine This comes as the company recently replaced its 10-year staking agreement with Ethereum Tower with a new deal with American Validator, reducing the revenue-sharing fee to 1.50% of staking rewards.
Final Summary Bitmine’s ETH stack has reached 5,983,940 ETH, representing approximately 4.9% of Ethereum’s total available supply. Lee’s optimistic Q4 outlook for ETH has ignited fresh hopes that Bitmine would soon touch its initiative of Alchemy of 5%.
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.
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.
ZEC Breaks $1,600 as Trader Scores 15x Gain on 50x Long Position
ZEC breaks above $1,600, and a trader on @Aster_DEX is up over 15x on his $ZEC long! Trader 0xE34E opened a 50x long on 140 $ZEC ($224K) and is now sitting on a $70.7K unrealized profit — a 1,581% return.
28 minutes ago
ZEC breaks above $1,600, and a trader on @Aster_DEX is up over 15x on his $ZEC long!
ZEC breaks above $1,600, and a trader on @Aster_DEX is up over 15x on his $ZEC long! Trader 0xE34E opened a 50x long on 140 $ZEC ($224K) and is now sitting on a $70.7K unrealized profit — a 1,581% return.
28 minutes ago
Hashed leads new private credit fund for digital assets, targeting $300 million in size.
Crypto venture capital firm Hashed has led a new private digital asset credit fund targeting $300 million. The fund was founded by Mohamed Hamdy, an Abu Dhabi-based investor and co-founder of Further Ventures, and is managed by Thoro Capital Management, where Hamdy also serves as managing partner. Thoro will directly provide U.S. dollar-denominated loans settled via stablecoins to digital asset institutions, with Hashed acting as the fund’s primary investor. Hashed noted that the credit fund aims to address a "critical financing bottleneck" in the institutional digital asset sector. Traditional banks are constrained by regulatory capital requirements, while existing crypto lending platforms typically demand asset collateral. Consequently, even profitable, audited market infrastructure firms have to rely on costly short-term collateralized loans instead of accessing credit financing based on their business fundamentals. The fund seeks to resolve this key financing challenge for institutional digital assets through a "covenant-based" underwriting approach.
28 minutes ago
A whale spent $2.28 million to build a position in USELESS.
According to YuEjin Monitoring, 5 hours ago, a whale spent 2.28 million USDC on-chain to purchase 6.64 million USELESS at an average price of $0.34.
28 minutes ago
Garrett Jin loses $35.44M shorting $ZEC, then $79K more chasing rally long
After losing $35.44M shorting $ZEC, Garrett Jin(@GarrettBullish) tried to chase the rally and go long on $ZEC 7 hours ago, but quickly closed the position, taking another $79K loss!
PANews, September 23 – According to SoSoValue data, the crypto market has risen for three consecutive days, with the NFT sector standing out, up 8.85% over 24 hours. Among them, Pudgy Penguins (PENGU) rose 13.68% and SuperVerse (SUPER) rose 10.14%. Bitcoin (BTC) rose 0.76% and Ethereum (ETH) rose 0.21%, holding above $86,000 and $2,700 respectively.
In other sectors, the PayFi sector rose 5.47% over 24 hours, with Zcash (ZEC) up 8.45%; the Layer2 sector rose 4.17%, with Celestia (TIA) up 15.23%; the DeFi sector rose 3.53%, with Uniswap (UNI) up 14.79%; the Meme sector rose 1.35%, with MarsCoin (MARSCOIN) up 32.27%; the Layer1 sector rose 1.12%, with Hedera (HBAR) up 8.78%; and the CeFi sector rose 0.12%, with NEXO up 2.30%.
In addition, the AI sector fell 0.44%, with Akedo (AKE), which had previously surged sharply, down 18.20%.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin’s latest breakout is getting an important confirmation from the ETF market, with investors pouring fresh money into spot crypto products as analysts argue that the prolonged "crypto winter" may be ending.
U.S. spot Bitcoin ETFs attracted $998.9 million in net inflows on Monday, according to SoSoValue flow data, as Bitcoin surged above $86,000 to its highest level since January. The rally extended into Tuesday, with Bitcoin briefly reaching $87,360.
Fundstrat Head of Digital Assets Sean Farrell told Yahoo Finance that the Bitcoin breakout is credible and that he believes "crypto winter is over." Meanwhile, Compass Point analyst Ed Engel described crypto as being in the early stages of a new bull market, according to Yahoo Finance.
IBIT, FBTC and ARKB Lead the ETF ComebackThe latest inflows were concentrated among the largest spot Bitcoin ETFs.
BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT), Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) and ARK 21Shares Bitcoin ETF (BATS:ARKB) were among the biggest beneficiaries of the renewed demand.
IBIT is particularly significant, with about $68 billion in net assets as of Tuesday, making it by far the largest spot Bitcoin ETF. FBTC had about $13.9 billion, while Grayscale Bitcoin Trust ETF (NYSE:GBTC) had $11 billion.
The reversal is notable because Bitcoin ETFs had just endured a sharp bout of selling. The funds suffered roughly $450 million of outflows on Sep. 15, their worst session since June, before flows turned positive later in the week.
On Sep. 18 alone, spot Bitcoin ETFs attracted $433 million, led by FBTC and IBIT.
Ether ETFs Add Another Bullish SignalThe recovery is also spreading across crypto ETFs.
U.S. spot Ether ETFs recorded about $143.8 million of inflows on Sep. 18, with BlackRock’s iShares Ethereum Trust (NASDAQ:ETHA) leading the group.
ETHA is now among the largest spot crypto ETFs, with about $9.2 billion in assets as of Sep. 18. Grayscale’s Bitcoin Mini Trust (NYSE:BTC), meanwhile, has about $5.1 billion.
Other products worth watching include Fidelity Ethereum Fund (BATS:FETH) , as flows into these products can indicate whether institutional crypto demand is broadening beyond Bitcoin.
ETF Demand Meets a Short SqueezeThe latest rally is not purely an ETF story. Nansen senior research analyst Nicolai Søndergaard attributed the move to renewed ETF demand and a large short squeeze, according to Yahoo Finance. Nearly $919 million of crypto short positions were reportedly liquidated during the latest surge, per Coinglass data cited by Investor’s Business Daily.
That distinction could be crucial for the ETF thesis. Sustained creations in IBIT, FBTC and ARKB would provide evidence of continuing investor demand after the short-covering wave fades.
For now, the ETF flows are moving in the same direction as the analysts’ "crypto winter is over" thesis. The key question is whether the near-$1 billion Bitcoin ETF inflow marks the start of a sustained trend or simply a powerful rebound amplified by short covering.
Famous trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, shared his long-term outlook on Ethereum today. Brandt noted that Ethereum is currently trading at around $2,794, and after breaking through the $5,000 resistance level, it could rally to approximately $8,600. Additionally, Brandt believes XRP’s long-term target could reach $5.40.
The total crypto market cap has climbed to $3.01 trillion, up 0.9% over the past day, with $141.8 billion in trading volume. Bitcoin sits at $85,980.96, Ethereum at $2,750.36, and XRP at $1.54, and behind each of those numbers is a different technical setup.
Bitcoin: Officially Back In A Bull Market, But Running Hot
Bitcoin touched $87,000 this week, breaking above its old May resistance near $82,814, a level analysts have flagged as marking the official return of a bull market. On the daily chart, MACD has crossed bullish and Bitcoin has moved into overbought territory, which is why price has cooled slightly to around $85,500.
The broader structure has followed what’s known as a Wyckoff accumulation pattern, and if that continues to play out, some analysts see a path toward $90,000 to $100,000. Others expect a top closer to $92,000 followed by a retest of the low $70,000s before the next leg higher into 2027. Neither outcome is guaranteed, but both scenarios assume the broader trend has already turned upward.
Bloomberg’s James Seyffart has said the average Bitcoin ETF holder is back above their cost basis of roughly $81,722 for the first time since January, a shift that could bring renewed inflows into major funds like BlackRock’s Bitcoin ETF.
Ethereum: Testing A Level That’s Mattered For Years
Ethereum is trading near $2,750, running directly into resistance at the $2,800 level, a price point that has repeatedly flipped between support and resistance since 2024. Every major move in ETH’s recent history, both up and down, has pivoted around this exact zone.
Ethereum’s 3-day RSI has moved back into overbought territory, and a bearish divergence is beginning to form, where price makes higher highs but momentum doesn’t confirm them. That pattern showed up before Ethereum’s last short-term slowdown weeks ago, and technical watchers expect something similar to play out this week, not a crash, but a cooling-off period. A confirmed close above $2,800 that holds would open the door toward $3,300 as the next major target.
XRP: Room To Run Before Getting Overheated
XRP’s setup looks less stretched than Bitcoin or Ethereum’s. Veteran trader Peter Brandt shared a long-term XRP chart pointing to an eventual target of $5.40. XRP is bouncing from a key support level near $1.30 and now heading toward resistance around $1.60. But it’s not moving as fast as Bitcoin, it’s still stuck testing its old highs near $1.52-$1.53 instead of breaking past them like Bitcoin has.
There’s also a small warning sign forming that could mean a short slowdown for XRP in the coming days, similar to what’s expected for Bitcoin and Solana, before the bigger uptrend likely continues.
Why Altcoins May Be Next In Line
A recurring theme across current analysis is capital rotation. As Bitcoin cools from its overbought stretch, analysts expect liquidity to shift toward Ethereum, XRP, and other altcoins, a pattern historically seen once Bitcoin’s initial leg of a bull run matures. USDT dominance continuing to break down supports that thesis, since falling stablecoin dominance typically signals capital moving off the sidelines and into crypto assets directly.
Story Ends Here
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Kamui Finance, a firm founded in 2024 and registered in the Marshall Islands, has rolled out three institutional-grade vaults on Ethereum designed to give large allocators streamlined access to tokenized real-world assets. The vaults pull together offerings from four established RWA platforms: DigiFT, Centrifuge, Midas, and Ondo.
How the vaults work Each vault issues its own token built to the ERC-7540 standard, a relatively new specification designed for tokenized vault shares that need to handle asynchronous deposit and redemption flows. In plainer terms, ERC-7540 lets the vault accept deposit requests, process them off-chain or through compliance checks, and then settle, rather than requiring instant atomic transactions that don’t play well with real-world settlement timelines.
Kamui’s vault strategies target private credit, real estate debt, trade finance, structured credit, and US Treasuries. These are asset classes where settlement can take days, counterparty checks are mandatory, and instant on-chain redemption would be either impractical or legally impossible.
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Kamui positions itself as the operator layer sitting between the investor and those underlying assets. The firm handles sourcing, due diligence, portfolio rebalancing, daily net asset value calculations, and compliance.
The ERC-7540 compatibility also means the vault tokens can plug into other DeFi protocols.
The team and the timing Kamui’s team includes alumni from Goldman Sachs and other institutional finance backgrounds, with experience spanning on-chain product development and institutional credit markets.
What this means for institutional RWA adoption The core problem Kamui is trying to solve is operational fragmentation. Right now, an institution that wants exposure to tokenized Treasuries from Ondo, private credit from Centrifuge, and structured products from Midas would need to complete separate KYC and onboarding processes with each issuer. Each integration requires its own legal review, technical connection, and ongoing monitoring. Kamui’s vault structure collapses those multiple relationships into one.
With no disclosed figures on assets under management or target yields, the market will be watching early inflows closely.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In Kalshi's Ethereum perpetual futures trading between September 17 and 20, orders with a near-$5,499 single transaction amount generated $7.7 million in turnover, accounting for 57% of the analyzed trading volume. Among the 46 sampled dates since June, 43 saw repeated fixed-amount transactions. Kalshi’s public data does not disclose trader identities, and the exchange has not explained the parties behind these repeated transactions or the reasons for changes in the target amount. Earlier, quantitative analyst Beni published an article questioning prediction market platform Kalshi for artificially inflating crypto trading volume, citing multiple data points as evidence. (CoinDesk)
Wintermute’s latest market note points out that following the Federal Reserve’s interest rate hike and the failure of the procedural vote on the CLARITY Act, all negative catalysts for the crypto market have been priced in. The firm believes this rebound confirms the June lows remain valid. With a flood of macroeconomic news coming in the next week, the current focus is on establishing new support levels and digesting profit-taking. “Market sentiment is clearly brimming with confidence this year, and the foundation of this rally appears solid. This week’s focus is expected to shift back to Bitcoin, Ethereum, SOL, and HYPE (target price: $100). For now, the market is in a high, upbeat mood.”
Ethereum has pushed above resistance near $2,661, a level identified by Reuters technical analysis as the peak of a bullish continuation formation. This breakout is now drawing attention to the $3,000 threshold, with analysts suggesting the price could approach $3,050 if current momentum is sustained.
Resistance levels and near-term targetsThe move above $2,661 signals a shift in sentiment, but experts caution that Ethereum faces another challenge in the $2,775 to $2,825 range. This zone may act as a short-term consolidation region that could slow the pace of any further gains.
Coinpaper, a digital asset research firm, noted that ETH recently overcame the $2,500–$2,550 region that had persistently limited previous rallies. Passing that hurdle was considered essential to reopening the path toward higher targets, including the $2,800 and $3,000 benchmarks.
Reuters analysts expect the $2,775–$2,825 area to serve as the next consolidation range. Should ETH manage to break through this region with conviction, the psychologically important $3,000 mark would become the natural next objective.
Resistance/Support LevelAnalysis$2,661Recent breakout, top of bullish pattern$2,775–$2,825Pivotal consolidation zone before $3,000$3,000Major psychological and technical target$2,560–$2,565First important downside, could weaken momentum$2,350–$2,360Key support, break could signal failed rallySupply factors and institutional flowsThe broader outlook for Ethereum is supported by a constricting liquid supply. Data indicates that about 35% of ETH is now staked, while exchange balances have declined to multi-year lows. Coinpaper recently explored the idea that as staking and long-term holdings increase, available supply for trading is shrinking, potentially setting the stage for stronger price action if demand remains steady.
Mini dictionary: Coinpaper, a digital asset research and analysis website, provides technical and fundamental insights into cryptocurrencies, offering market commentary and trend analysis for investors and traders.
Institutional demand appears to be stabilizing again following a period of turbulence related to spot Ethereum exchange-traded funds. Recent inflows have played a crucial role in helping ETH recover from lows below $2,400 and in fueling the technical breakout above previous resistance levels.
Key support zones and risk outlookReuters identified the $2,560–$2,565 area as the primary downside level to watch. A decline below this zone could compromise the improved technical structure that has recently emerged.
If ETH were to break significantly below $2,350–$2,360, analysts warned it could indicate the current rally has concluded.
Recent inflows from institutional investors have allowed ETH to reclaim territory above previous resistance, while the percentage of staked coins continues to rise, pointing to a tightening supply environment.
As Ethereum trades above key resistance levels, the prospect of reaching $3,000 in the coming sessions is back in focus, though further confirmation and a sustained move through consolidation areas remain essential for continued bullish momentum.
COIN and HOOD Stock Outlook is drawing attention as cryptocurrency prices strengthen before this week’s Washington talks.
Bitcoin price surged to $86,159, Ethereum holds around $2,755, and XRP trades near $1.58. Their gains support crypto-linked equities, although geopolitical signals could quickly reshape risk appetite.
Trump-Xi Meeting Could Reshape Market Expectations Chinese President Xi Jinping will visit Washington from September 23 through September 25. Their September 24 summit will address trade, tariffs, rare earth exports, artificial intelligence, Taiwan, and Iran.
Oil remains the clearest link between diplomacy and markets because China buys most Iranian crude exports. Washington sanctioned smaller Chinese refiners but avoided measures against major state banks before the negotiations. Any signal that Beijing may reduce Iranian imports could pressure Tehran to negotiate.
THIS WEEK’S TRUMP-XI MEETING COULD MOVE OIL, INFLATION, AND THE FED ALL AT ONCE.
Xi arrives in Washington tomorrow for a three day state visit, the first Chinese state visit to Washington in over a decade.
Talks run through September 25 at the White House.
This is the third… pic.twitter.com/CWooVMu59G
— Bull Theory (@BullTheoryio) September 22, 2026
Such progress could ease concerns surrounding the Strait of Hormuz and push crude prices lower. Lower oil prices would ease inflationary pressures, which could affect the Fed’s interest-rate outlook.
Any progress, no matter slight, could help support stocks and cryptocurrencies, as markets tend to react before formal agreements are decided. However, confrontation over Taiwan, tariffs, or technology controls could reverse sentiment and strengthen demand for defensive assets.
HOOD Stock Tests Key Resistance Near $125 Robinhood shares rose 0.84% to $124.33 after recovering from weakness below $120 during early trading. The stock then cleared $123.30 as volume increased, showing stronger demand after the opening bell.
Immediate resistance stands near $125, which remains the main barrier for extending the current rebound. A sustained breakout could send HOOD toward $127 before traders consider the broader $130 objective.
HOOD stock That scenario may gain support if summit developments lower oil prices and improve expectations for monetary policy.
Lower borrowing costs generally benefit growth shares by increasing the present value of anticipated future earnings. Higher risk appetite could also be good for Robinhood, as it could lead to more trading activity on stocks, options, and cryptocurrencies.
However, failure to hold $123.30 would weaken momentum and expose nearby support around $122.50. A deeper retreat could return the stock toward $120, where its latest recovery began.
COIN Stock Seeks Recovery Above $201 Level Coinbase stock fell 0.67% to $199.70, underperforming Robinhood after a volatile opening and an overnight rebound from below $195. Shares struggled above the $201.05 reference level, reflecting uncertainty despite Bitcoin’s renewed strength near $86,000.
COIN stock must reclaim $201.05 to improve its immediate technical structure and challenge resistance around $202.50. Breaking that ceiling with strong volume could open a move toward $205 and confirm firmer short-term momentum.
COIN stock Crypto stock will remain important because transaction activity and investor sentiment influence Coinbase’s trading revenue. The Trump-Xi outcome could affect those conditions through oil, inflation, interest rates, and broader demand for risk.
Positive diplomatic language may help Coinbase follow Bitcoin higher, particularly if traders expect fewer rate increases. Still, weakness below $197.50 would shift attention back toward $195 and undermine the developing recovery. The COIN and HOOD Stock Outlook therefore depends on both technical breakouts and Washington’s diplomatic direction.
The People's Bank of China (PBoC) today reaffirmed during financial education and publicity efforts that virtual currencies such as Bitcoin, Ethereum, and Tether have no legal tender status and cannot circulate as currency. Conducting virtual currency-related business within China constitutes illegal financial activities and is strictly prohibited in all cases. The PBoC stated that without approval from relevant authorities, domestic entities and their controlled overseas entities may not issue virtual currencies overseas, and no domestic or foreign entities or individuals may issue RMB-pegged stablecoins overseas. The PBoC reminds the public not to engage in virtual currency issuance, trading, investment, and mining activities, to beware of high-yield investment scams, and to avoid renting out bank cards, payment accounts, or participating in virtual currency-related activities. In addition, the PBoC warns against virtual currency investment products and trading platforms that claim "guaranteed returns" or "high interest rates"; advises against participating in virtual currency issuance, trading, investment, "mining" and other activities; warns against joining communities promoting virtual currencies, clicking on links to overseas virtual currency trading platforms, or downloading related apps; prohibits lending or renting out bank cards or payment accounts, following others' instructions to buy or sell virtual currencies for "pass-through transactions", or acting as "runners", "coin dealers", or "U dealers"; and urges anyone who discovers clues about virtual currency-related business activities to promptly report them to relevant regulatory authorities.
Mutsamudu, Comoros, September 16, 2026 – MEXC, a pioneer in 0-fee digital asset trading, has released its July–August 2026 security report. The report shows that MEXC successfully intercepted all 215 reports involving risk-related funds during the period, covering approximately 38.66 million USDT. The total balance of the Futures Insurance Fund rose to 792 million USDT. Meanwhile, the reserve ratios for BTC, ETH, USDT, and USDC all remained above 100%.
In July and August 2026, the crypto industry recorded 184 security incidents, with reported losses totaling approximately $535 million. Phishing and fraud incidents, together with endpoint and supply-chain security incidents, accounted for approximately 48% of the total. At the same time, a growing number of attackers are using AI to auto-generate phishing content and help write malware, increasing the efficiency of their attacks. As attack methods become more diverse, promptly identifying and intercepting risk-related funds and strengthening cross-platform investigation have become increasingly important to reducing user losses.
In July and August, MEXC assisted with 215 reports involving externally stolen or fraud-related funds flowing into the platform. All 215 cases were successfully intercepted, covering 38,655,490 USDT. Of these cases, 42 involved assistance with judicial freezes. Compared with the previous reporting period, the number of successfully intercepted cases increased by approximately 2,971%, while the value of intercepted funds increased by approximately 12,646%.
In tracking and handling risk-related funds, MEXC shared suspicious addresses with major industry participants, assisted in identifying fund flows, and supported verification and freezing procedures under established joint-investigation and law-enforcement cooperation procedures.
In account risk identification, MEXC identified and restricted 20,752 accounts associated with risk-related activities during the period, an increase of 118.03% from the previous reporting period. The platform identified 5,288 risk groups, up 20.35%. By region of origin, these groups were concentrated primarily in the Commonwealth of Independent States (1,803), Nigeria (1,099), and Indonesia (976).
For user asset recovery, MEXC manually processed 818 applications for the return of misdirected assets, returning the equivalent of 602,225 USDT, an increase of 75.31% from the previous reporting period.
Futures Insurance Fund Reaches 792 Million USDT, Strengthening Protection Against Negative Balance Risk As of September 1, 2026, the total balance of the MEXC Futures Insurance Fund reached 791,696,422 USDT, an increase of 5.44% from the previous reporting period.
The Futures Insurance Fund covers negative balances that may arise during liquidation, providing a risk buffer during extreme market conditions and helping reduce the likelihood of auto-deleveraging (ADL). When a liquidated position is closed at a price better than the bankruptcy price, the remaining funds are credited to the fund. Users can view the real-time balance on the MEXC Proof of Trust page.
Reserve Ratios for Four Major Assets Remain Above 100%, With BTC at Approximately 288% According to the proof of reserves disclosed for this period, MEXC maintained reserve ratios above 100% for four major assets, as follows:
Bitcoin (BTC): reserve ratio of approximately 288%, with total wallet assets of 12,312.75 BTC against 4,282.20 BTC in user assets; Ethereum (ETH): reserve ratio of approximately 113%, with total wallet assets of 66,227.79 ETH; USDT: reserve ratio of approximately 115%, with total wallet assets of approximately 1.940 billion USDT; USDC: reserve ratio of approximately 114%, with total wallet assets of approximately 194.85 million USDC. The on-chain addresses corresponding to these reserve assets have been disclosed, allowing users to verify through the Merkle Tree whether their individual account balances were included in this proof of reserves.
As an additional layer of user asset protection, the MEXC Guardian Fund maintains a dual-reserve structure of USDT and BTC: USDT provides immediate liquidity support, while BTC serves as a long-term reserve asset across market cycles. MEXC plans to expand the fund from $100 million to $500 million, continuing to strengthen user asset protection. The relevant holding addresses are listed below:
Guardian Fund Wallet Addresses:
USDT: 0x469AfE803C54A36674C55231489Cf4b61da8c1bC BTC: 1MDVjZdX8QD212pT8Z8EMP7DuFQHKqN3mx MEXC CEO Vugar Usi said, “Trust is the true reserve currency of this industry. Protecting user assets means moving decisively the moment risk emerges, while giving users something they can verify for themselves, not just our word for it. We will continue to strengthen our ability to identify and intercept risk-related funds, deepen cooperation across platforms and with law enforcement, and help affected users recover their losses wherever possible. Our bi-monthly security reports are part of that commitment, allowing our security performance to be measured and tracked over time.”
About MEXC Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.
With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
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TLDR Circle launched Digital Asset-Backed Borrowing, letting eligible Circle Mint institutions turn Bitcoin into USDC loans. Morpho is the first lending protocol supported, with Aave expected to join later. The service runs on both Arc and Ethereum, but New York customers are excluded. cirBTC reserves currently exceed the token’s circulating supply, according to Circle’s public data. The Arc lending market for cirBTC carries an 86% liquidation loan-to-value threshold. Circle has launched a new borrowing service for institutional clients who hold Bitcoin. The service lets eligible Circle Mint customers turn their Bitcoin into onchain collateral and borrow USDC without selling the coin.
Circle announced the launch on Sept. 21. It runs on two networks, Arc and Ethereum, and works through Circle’s Mint account system.
The customer keeps exposure to the Bitcoin backing the position. This means they do not have to give up their holdings to get dollar liquidity.
Digital Asset-Backed Borrowing is now available in Circle Mint for eligible Circle Mint LLC customers.
Deposit BTC. Mint cirBTC. Borrow USDC.
Through one coordinated workflow, customers can use BTC-backed cirBTC as collateral through supported third-party lending markets on Arc…
— Circle (@circle) September 21, 2026
How the Borrowing Process Works To use the service, an institution deposits Bitcoin and mints cirBTC, Circle’s wrapped version of the coin. The cirBTC token moves into a customer-controlled Smart Wallet.
From there, the customer posts cirBTC as collateral with a supported lending protocol and borrows USDC. The borrowed USDC then moves automatically into the customer’s Circle Mint balance.
Repayment works the same way in reverse. A customer sends USDC from Mint into the Smart Wallet to repay some or all of the debt, and collateral becomes available again.
Circle does not act as the lender itself. Its legal terms state that lending, collateral management and liquidations happen through third-party protocols and their smart contracts, not through Circle directly.
The service is limited to institutions. Retail users cannot open standard Mint accounts, and Circle has excluded New York customers from this product.
Morpho Market Data and cirBTC Reserves Morpho is the first lending protocol supported under the new service. Circle says Aave is expected to join later, though no date has been set.
On Arc, the Morpho market for USDC loans against cirBTC carries an 86% liquidation loan-to-value threshold. That means a position can be liquidated automatically if collateral value falls too far relative to the loan.
Data checked on Sept. 22 showed $18.86 million borrowed against $157.85 million in available liquidity on that market. Utilization stood at 10.67%.
A day earlier, on Sept. 21, the same market showed $14.13 million borrowed and $162.85 million available, with utilization at 7.98%. The figures show borrowing activity grew in the first day after launch.
Circle’s reserve dashboard showed 948.75 cirBTC outstanding against 951.25 Bitcoin held in reserve. That reserve was valued at roughly $77.19 million.
The underlying Bitcoin is held through Circle’s Bermuda affiliate and kept in custody by Circle National Trust. That trust received a federal charter from the Office of the Comptroller of the Currency in July.
Circle first introduced cirBTC on Ethereum in June. It expanded the token to Arc on Sept. 21, five days after Arc’s public mainnet launch on Sept. 16.
Circle’s institutional USDC services have grown through other partners this year. BNY began offering USDC minting, redemption and custody for institutional clients in June, and Standard Chartered added bank-led USDC access in July.
As of the latest market data, Bitcoin traded at $85,892.30, up 2.25% over the past 24 hours. Ethereum traded at $2,737.96, up 1.47% over the same period.
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.
Beefy Finance has deployed its Cowcentrated Liquidity Manager, or CLM, on the Ethereum mainnet, bringing automated concentrated liquidity management to Uniswap V3’s most traded pairs. The launch, which went live on July 20, marks the protocol’s first foray into Ethereum’s mainnet liquidity environment after running CLM vaults across other blockchains for close to two years.
Four initial vaults target blue-chip and stablecoin pairs: WBTC/USDC, WBTC/WETH, WETH/USDT, and USDC/WETH. The system automatically manages range positions, compounds trading fees daily, and rebalances every six hours, all without requiring users to sell any tokens.
Why concentrated liquidity is a headache worth solving When Uniswap launched its V3 upgrade, it introduced concentrated liquidity, a mechanism that lets liquidity providers allocate capital within specific price ranges rather than spreading it across the entire curve. The result is dramatically better capital efficiency.
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The catch is that it’s genuinely difficult to manage well. Providers need to constantly monitor price movements, adjust their ranges, and compound earned fees manually. Fall asleep at the wheel, and your position drifts out of range, earning exactly nothing.
Beefy’s CLM attempts to eliminate that friction entirely. The protocol’s smart contracts handle range resets every six hours, automatically repositioning liquidity around the current market price. Trading fees get compounded daily back into positions, and the whole process runs without any user intervention after the initial deposit.
The protocol charges a 9.5% performance fee on earned yield for this service. That’s slightly below the roughly 10% average that competing automated liquidity managers typically charge.
Two years of receipts Beefy isn’t exactly walking into Ethereum blind. The CLM product has been operating across multiple blockchains for nearly two years, managing hundreds of millions in total value locked during that period. The protocol reports zero operational failures across those deployments.
The choice to start with four vaults covering the most liquid Uniswap V3 pairs is telling. These aren’t exotic long-tail assets where a miscalculation might go unnoticed. WBTC, WETH, USDC, and USDT represent the core of DeFi’s trading infrastructure.
What this means for Uniswap V3 liquidity The six-hour rebalancing cadence is worth watching closely. More frequent rebalancing keeps positions tighter around the current price, which maximizes fee capture but also increases exposure to impermanent loss during volatile moves.
The no-token-sale rebalancing mechanism is a particularly interesting design choice. Traditional rebalancing often requires selling one token for another to maintain the desired ratio, which generates taxable events and adds friction. By avoiding token sales during rebalancing, Beefy’s CLM simplifies the accounting burden for users and potentially reduces the MEV extraction that typically accompanies on-chain swaps during rebalancing operations.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Veteran trader Peter Brandt believes Ethereum price could rally to $8,600 in the long term after a near-term breakout. This comes as Ethereum co-founder Vitalik Buterin prioritizes privacy, cybersecurity, and making the Layer-1 blockchain fully quantum-resistant.
Long-Term Ethereum Price Chart Implies Rally to $8,600: Peter Brandt Peter Brandt shared a daily chart of Ethereum futures and predicted a major upside target of $8,674. He argues the massive Ethereum price rally could continue after a successful breakout above $5,000. The analysis is based on classical technical structure and historical reversals.
Peter Brandt said a “claim of a call or simple presentation of a chart is NOT a trade.” However, other experts and analysts are also bullish on a massive Ethereum price rally. Notably, Robert Kiyosaki made a bold $95K forecast amid Tom Lee’s Bitmine buys ETH.
Ethereum Price Long-Term Prediction. Source: Peter Brandt Meanwhile, some whales are swapping Bitcoin holdings to Ethereum. Lookonchain reported that a whale swapped another 200.71 BTC for 6,247 ETH today. Over the past 6 days, the whale swapped a total of 1,308 BTC worth $104 million for 40,670 ETH and staked all.
Glassnode noted that the altcoin cycle signal has just flipped from Bitcoin to altcoin season. The first rally in August saw altcoins stay relatively flat while Bitcoin price trended upward. However, today’s rally has ignited the full breadth of the altcoin market.
Altcoin Cycle Signal Flipped from Bitcoin to Altcoin. Source: Glassnode
Vitalik Buterin Targets Layer-1 Quantum-Resistant by 2029 Ethereum ecosystem is set to deliver major Glamsterdam and Hegota upgrades next, with a target to make Layer-1 quantum-resistant by 2029. Vitalik Buterin highlighted privacy as a “first-class goal” alongside quantum resistance and massive scalability upgrades.
Also, Vitalik Buterin has rejected claims that AI hacking can break cybersecurity and crypto. Ethereum co-founder bets 90% of his crypto that AI will help cybersecurity, not hacking.
Ethereum price jumped 6% over the past 24 hours amid crypto market recovery, with the price currently trading at $2,731. The 24-hour low and high were $2,646 and $2,804, respectively.
Furthermore, trading volume has increased by 80% in the last 24 hours, indicating massive interest among traders. Ethereum price has rallied almost 50% in a month amid renewed inflows into spot Ethereum ETFs.
CoinGlass data showed massive buying in the derivatives market. At the time of writing, the total ETH futures open interest jumped 1% to $36 billion in the last 24 hours. ETH futures OI on CME climbed more than 8% and dropped 0.56% on Binance. This signals that spot and outside investors have yet to react to bullish sentiment.
Also Check: Will Ethereum reach $3,200 in September?
PANews September 22 news, according to SoSoValue data, the crypto market rose across the board, with the AI sector performing strongly, up 9.66% in 24 hours. Among them, Bittensor (TAO) rose 18.97%, Akedo (AKE) surged 13.63%, and Fetch.ai (FET) rose 14.01%. Meanwhile, Bitcoin (BTC) rose 5.31%, breaking above $87,000 intraday; Ethereum (ETH) rose 2.63%, breaking above $2,700.
Notably, MAG7.ssi rose 4.54%, DEFI.ssi rose 0.01%, and MEME.ssi rose 11.08%.
In other sectors, the Meme sector rose 8.91% in 24 hours, with Pepe (PEPE) up 25.19%; the PayFi sector rose 4.22%, with eCash (XEC) up 10.11%; the Layer2 sector rose 2.77%, with ImmutableX (IMX) up 8.00%; the Layer1 sector rose 1.85%, with Sui (SUI) up 12.68%; the CeFi sector rose 1.49%, with Cronos (CRO) up 8.19%; and the DeFi sector rose 1.04%, with Raydium (RAY) up 7.14%. The crypto sector indices reflecting historical sector performance show that the ssiMeme, ssiAI, and ssiGameFi indices rose 11.54%, 9.74%, and 7.52%, respectively.
Prediction market protocol Trueo has announced it is migrating from Base, Coinbase's Ethereum Layer 2 network, to the Ethereum mainnet. The move has drawn a public endorsement from Ethereum co-founder Vitalik Buterin, who welcomed the project as a new competitor in decentralized prediction markets.
Why Trueo Is Moving to Ethereum Mainnet The team cited Ethereum's network effects, deeper liquidity, integration potential, and stronger decentralization guarantees as the driving rationale.
For existing users, the transition is designed to be frictionless.
Buterin Praises the Project's Approach
The endorsement fits a broader stance Buterin has taken on the prediction market sector. He has also argued that prediction markets are drifting toward pure speculation, and Trueo's focus on decentralized, permissionless infrastructure appears to align closely with that vision.
The migration adds to a broader narrative of projects returning to Ethereum's base layer as the network's fee environment and developer tooling continue to mature. For Trueo, landing on Layer 1 with the public backing of Buterin himself is a notable early signal as it competes for users and liquidity in an increasingly crowded prediction market space.
Sources:
PANews: Trueo migrates from Base to Ethereum mainnet, Vitalik praises commitment to decentralization
ChainCatcher: Prediction market platform Trueo to migrate from Base to Ethereum mainnet
Crypto Briefing: Vitalik Buterin engages with Trueo prediction market amid oracle design debate
Binance to Delist Leveraged Trading Pairs Including NOM/USDC, SSV/USDC
According to an official announcement, Binance Leverage will delist the following leverage trading pairs at 14:00 (UTC+8) on September 25, 2026: Cross-margin leverage trading pairs: NOM/USDC, 1MBABYDOGE/USDC, SSV/USDC, BANANA/USDC, OPN/USDC, MANTA/USDC, STO/USDC; Isolated-margin leverage trading pairs: NOM/USDC, 1MBABYDOGE/USDC, OPN/USDC, MANTA/USDC, STO/USDC.
5 minutes ago
Crypto-related US stocks were broadly lower in pre-market trading, with CRCL down nearly 4%.
According to market data from BIT (bit.com), U.S. pre-market crypto-related stocks saw broad declines, with individual tickers posting the following drops: CRCL fell 3.93%, MSTR dropped 2.98%, HOOD declined 2.67%, BMNR fell 2.9%, BNC dropped 4.11%, and COIN declined 2.76%.
5 minutes ago
Muse craze goes viral, Mark Zuckerberg's net worth surges nearly 170 billion yuan in a single day.
Meta’s stock price surged nearly 12% on September 21 local time, pushing founder Mark Zuckerberg’s net worth to an estimated $253.6 billion (around 1.70 trillion yuan), marking a single-day gain of $250 billion (about 1.67458 trillion yuan). The rally was driven by Wells Fargo raising its price target for the stock, coupled with investor confidence in the growth prospects of Meta’s newly launched personal AI assistant Muse. On September 21 local time, Wells Fargo hiked the stock’s price target from $640 to $796, while maintaining an overweight rating, ahead of Meta Connect, the company’s conference scheduled for later this week. Muse’s usage statistics are considered a key metric to monitor. (Forbes)
5 minutes ago
A new address has hoarded 24.01 million ARB tokens, worth approximately $5.295 million.
On-chain analyst Ai Yi (@ai_9684xtpa) has detected that a new address accumulated 24.01 million ARB tokens four hours ago, valued at $5.295 million, at an average acquisition price of $0.2204.
5 minutes ago
Spot gold fell below the $4,300 level.
Per Bitget market data, spot gold has fallen below the $4,300 per ounce threshold, posting a 1.00% intraday decline. New York gold futures dropped more than 1.00% on the day, currently trading at $4,340.00 per ounce.
5 minutes ago
A dormant Bitcoin address inactive for over 14 years has transferred all 600 BTC, generating an unrealized profit of $51.24 million.
According to on-chain data, a Bitcoin whale dormant for over 14 years has reactivated. When Bitcoin was priced at just $7.58–$8.09, the whale accumulated 600 BTC. At 15:22:20 Beijing time today, the whale transferred all 600 BTC, posting an unrealized profit of $51.24 million.
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According to on-chain data shared by Lookonchain, Bitmine, led by Tom Lee, continues to purchase Ethereum (ETH).
According to on-chain data shared by Lookonchain, Bitmine, led by Tom Lee, continues to purchase Ethereum (ETH). The company reportedly withdrew 12,500 ETH from the Kraken cryptocurrency exchange today. The total value of the transferred Ethereum is estimated to be approximately $34.55 million.
This transaction stands out as Bitmine’s latest move to increase its Ethereum holdings. According to on-chain data tracked by Lookonchain, the company moved a significant amount of ETH off-exchange via Kraken.
The transfer of 12,500 ETH reached a value of approximately $34.55 million, indicating that the Ethereum price was around $2,764 at the time of the transaction. However, it is noted that a transfer from an exchange does not directly mean a new purchase, and assets can be moved for different purposes.
Bitmine stands out among institutional companies in the cryptocurrency market, particularly with its Ethereum-focused treasury strategy. Tom Lee serves as the company’s chairman, and Ethereum accumulation forms a significant part of the company’s digital asset strategy.
In the cryptocurrency market, large-scale ETH transfers are among the on-chain movements monitored by institutional investors for asset management and long-term custody preferences.
Delisting ETH from exchanges, unlike transfers to exchanges for sale, can in some cases be interpreted as holding assets for a longer period. However, it is not possible to draw definitive conclusions about the company’s future investment plans based on a single transfer.
Whether Bitmine will continue to increase its ETH holdings in the coming period will become clearer with the company’s new transfers and announcements.
*This is not investment advice.
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Onchain prediction market protocol Trueo announced it will move its primary deployment from Base Layer 2 to the Ethereum mainnet, citing greater integration potential, network effects, and a better fit for a permissionless, largely immutable product.
In its Monday announcement, Trueo said Base served as a great sandbox for a new experiment, as Ethereum mainnet's gas fees were still elevated when it first started. Trueo launched on the Coinbase-incubated Layer 2 in March 2025.
"The final form of Trueo is to be a platform that is widely adopted, broadly integrated, fully permissionless, mostly immutable, and highly credible," Trueo said. "Ethereum is the best fit for this combination of properties."
Upon migration to mainnet, Trueo will primarily focus on attracting liquidity on key market categories and shipping the next generation of its oracle.
No 'corposlop' Ethereum co-founder Vitalik Buterin welcomed Trueo's migration in a post on X.
"Glad to see that Ethereum L1 will have a new strong prediction market contender that is dedicated to decentralization, and being ethical and not corposlop, and to actually trying to do interesting and meaningful things with this class of economic primitive," Buterin said.
Meanwhile, Trueo assured that there will be no interruptions to the app's operations before or during the migration, and its development roadmap remains unchanged.
The platform encouraged users not to open new Base markets that expire after Jan. 31, 2027, and to list longer-dated markets on Ethereum once that instance is live. Markets that expire before January are unaffected, Trueo said. Existing Base markets that settle after the migration will remain available through the official app.
The TRUE token will continue to be the protocol's native token, and holders will be able to migrate their tokens to Ethereum alongside the application, Trueo explained. The migration window for token holders will be open indefinitely.
A better oracle Trueo said building a more impartial and credible prediction market resolution system than those currently offered by existing platforms has always been its priority.
"Due process in dispute resolution is severely lacking despite the growth of prediction markets over the past five years," Trueo said in its announcement. While the protocol did not mention specific examples, two traders sued Polymarket in July over its resolution of a market on whether Strategy would sell any of its bitcoin by May 31. The traders held "Yes" shares.
While Strategy confirmed that it sold 32 BTC between May 26 and 31, Polymarket resolved the market as "No" because Strategy's filing came out on June 1, after the market's deadline. Plaintiffs claimed that Polymarket altered the market's terms post-resolution, violating the platform's core promise of rules-based, objective outcomes.
Trueo said in its latest migration announcement that its oracle is designed to process evidence from "virtually any legitimate data source" to produce outcomes that are fair and accurate.
"Our ambition is to build prediction markets that people can rely on, including when the outcome is contentious, and the stakes are high," Trueo said. "That requires immutable contracts, credible dispute resolution, and infrastructure that can operate with progressively less dependence on any single party."
To achieve this "ultimate vision," migration to the Ethereum mainnet is the necessary next step, Trueo stated.
BitMine has just acquired 27562 additional Ethers for nearly 75.2 million dollars, bringing its treasury to about 6 million ETH. Thus, the company is approaching its goal of owning 5% of the total Ethereum supply, the world’s second largest crypto.
In Brief BitMine buys 27562 more ETH for about 75.2 million dollars. Its treasury reaches 5.98 million ETH, nearly 4.9% of the circulating supply. The company approaches its goal of 5% of total Ethereum supply. Nearly 5 million ETH are staked, with estimated annual revenues of 357 million dollars. Tom Lee anticipates a return of institutional investors to cryptos by the end of 2026. BitMine brings its treasury to 5.98 million ETH BitMine Immersion Technologies continued its purchases over the past week. Indeed, the company added 27562 ETH to its treasury. This acquisition was worth nearly 75.2 million dollars when Ether was advancing around 2727 dollars.
The company currently holds 5983940 ETH according to its press release. This portfolio constitutes nearly 4.9% of the 122.1 million Ethers in circulation. Thus, BitMine remains the leading publicly traded company among those who chose ETH as their main reserve asset.
Statistics allow assessing its proximity to the announced goal :
27562 ETH were purchased in one week ; The transaction amounts to approximately 75.2 million dollars ; The total treasury amounts to 5983940 ETH ; These holdings are worth nearly 16.3 billion dollars at the price considered ; About 121060 ETH are missing to reach 5% of the current supply. Every week since June 2025, BitMine has acquired Ethers, the date when it adopted a crypto treasury strategy. The company had already invested nearly 68 million dollars in the asset during the previous week.
It would close the remaining gap in four to five weeks if it could maintain exactly its last purchasing pace. The number of ETH in circulation, the price of the asset, and the company’s funding capabilities may still grow.
Staking could generate 357 million dollars BitMine does not keep all its Ethers inactive. The company has staked nearly 5 million ETH to participate in securing Ethereum and earn the rewards distributed to validators.
This amount equals about 83.6% of its treasury, slightly less than the rounded 85% announced in the company’s communication. At 2727 dollars, the staked Ethers constitute a value close to 13.6 billion dollars.
BitMine believes this activity would yield nearly 357 million dollars per year at current returns. This forecast corresponds to a gross yield close to 2.6% on the value of the concerned ETH.
However, the actual income will not be fixed. It will depend on the Ether price, the total number of validators, the rewards paid by the protocol, and BitMine’s operational performance. Infrastructure costs, possible provider fees, and the risk of penalties can also reduce the net result.
Nevertheless, this policy distinguishes ETH from bitcoin in a treasury strategy. Unlike BTC held without active yield, Ether produces rewards when placed in the network’s validation mechanism.
Tom Lee anticipates a return of institutional investors Tom Lee, the chairman of BitMine, believes institutional investors remain underexposed to cryptos. According to him, fund managers favored artificial intelligence stocks during the first half of this year.
Ether’s recent performance would modify this allocation. Since the end of June, ETH has grown by 76%, versus nearly 2% for the S&P 500. This gap would push some investors to reassess their low exposure to the crypto market before year-end.
Tom Lee therefore stated:
We expect institutions to significantly increase their exposure during the last three months of 2026.
The executive also considers tokenization of assets and the growing use of blockchains in artificial intelligence as long-term catalysts. Such analysis must however be put into context. Tom Lee heads a company whose valuation immediately depends on investor interest in Ether.
BitMine stock benefits from Ethereum rebound After an 8% increase last Friday, BitMine stock gained 5.8% before Wall Street opened. Such movement accompanied Ether’s rise to its best level since the end of January.
Concentrating about 5% of the supply in the hands of a listed company nevertheless creates significant exposure to the crypto price. A price drop would reduce the treasury’s value, while frequent stock issuances would dilute shareholders.
Upcoming communications will specify the financing of purchases, the evolution of the number of staked ETH, and the revenues actually generated. Moreover, crossing the 5% threshold could mark a symbolic milestone, yet the strategy’s profitability will mainly depend on the cost of capital and Ethereum’s trajectory.
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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.
Key Highlights ETH surged 4.80% in 24 hours, reaching $2,752.53 and approaching the psychologically important $3,000 level. BitMine acquired an additional 27,562 ETH during the past week, expanding total reserves to 5,983,940 ETH valued at approximately $17.1 billion. Spot Ethereum ETFs in the United States experienced volatility with $140 million in weekly withdrawals before posting $143.8 million in single-day net inflows. Derivatives market engagement surged dramatically, with trading volumes climbing 78.93% to reach $74.55 billion. Technical analysis identifies resistance around $2,786, while key support levels emerge at $2,626 and $2,537. Ethereum posted impressive gains of 4.80% during the past 24 hours, advancing to $2,752.53. This upward movement brings the second-largest cryptocurrency within striking distance of the $2,800 resistance level and has reignited speculation about a potential advance toward the $3,000 threshold.
Ethereum (ETH) Price The broader cryptocurrency ecosystem experienced a 5.23% increase, elevating the aggregate market capitalization to $2.91 trillion. Bitcoin momentarily surpassed $86,000, marking an eight-month peak and contributing approximately $568 billion in additional market value.
Market sentiment improved substantially, with the Crypto Fear and Greed Index climbing to 79. This represents a dramatic reversal from the extreme bearishness observed during February.
Corporate Accumulation Persists BitMine extended its accumulation strategy by purchasing 27,562 ETH throughout the previous week, maintaining a consistent acquisition pattern initiated on June 30, 2025. The company’s reserves now stand at 5,983,940 ETH, representing nearly 5% of Ethereum’s circulating supply.
Bitmine Acquires 27,562 ETH in a Week, Bringing Total Holdings to 5.98 Million ETH
Bitmine (BMNR), the largest Ethereum treasury company, announced that it acquired 27,562 ETH over the past week. As of September 20, it held 5,983,940 ETH, representing 4.9% of the total ETH… pic.twitter.com/gWduf2QAkG
— Wu Blockchain (@WuBlockchain) September 21, 2026
However, institutional flows presented a mixed picture. United States-based spot Ethereum ETFs experienced $140 million in net withdrawals over the week, breaking a four-week streak of positive flows. This negative trend reversed sharply on Friday when the funds attracted $143.8 million in net capital, halting a three-day decline.
Futures Market Engagement Accelerates Activity in Ethereum derivatives markets intensified alongside spot price appreciation. Total trading volume expanded 78.93% to $74.55 billion, while aggregate open interest grew 6.48% to $36.69 billion.
Options market activity surged 79.13% to $2.14 billion. Approximately $648 million worth of short positions were forcibly closed as Bitcoin’s upward momentum triggered widespread liquidations among bearish traders.
Market observer Ted (@TedPillows) commented via X that ETH concluded the previous week trading above $2,550 and maintained upward momentum. His analysis suggests Ethereum could advance into the $2,900 to $3,000 zone before encountering meaningful resistance and potential retracement.
Technical indicators present a nuanced outlook. The Relative Strength Index registers 76.58, entering territory typically associated with overbought conditions. Meanwhile, the Chaikin Money Flow indicator reads 0.40, suggesting continued net capital accumulation.
Ethereum’s recent decline below $2,400 followed the Senate’s rejection of the Clarity Act alongside a Federal Reserve interest rate increase. Demand materialized near the realized price of $2,310, propelling ETH back above the $2,700 mark.
Exchange flow metrics reveal deposits exceeding withdrawals in recent sessions, indicating some market participants are taking profits at current price levels. The Coinbase Premium Index has begun trending upward despite remaining in negative territory.
The Taker Buy Sell Ratio shifted to bearish on Monday following a positive weekend trend. Ethereum recorded $224.7 million in total liquidations across the past 24 hours, with short positions accounting for $191 million of that figure.
Daily chart analysis shows ETH trading comfortably above its 20-, 50-, 100-, and 200-day exponential moving averages. Immediate resistance levels are positioned at $2,786, $2,894, and $3,177, while downside support appears near $2,626, $2,544, and the 20-day EMA at $2,537.
