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Tether sued by two Thai businessmen over freezing $42.4 million in USDT

Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.

4 minutes ago

Binance will list multiple USDT-denominated TradFi perpetual contracts.

According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract

4 minutes ago

Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.

Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.

4 minutes ago

Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.

According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.

4 minutes ago

Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.

According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.

4 minutes ago

Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.

Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.

4 minutes ago

Bitcoin has slipped to $76,926.53, down 2.2% over the past day, pulling Ethereum and XRP lower with it after US forces struck Iranian targets near the Strait of Hormuz, sending oil prices to their highest level in 40 days and rattling investors across every major asset class.

A Fast-Moving Geopolitical Shock

President Trump confirmed the strikes and warned Iran against retaliating, later adding he isn’t trying to push Iran back to the negotiating table and “couldn’t care less” whether Tehran signs any deal. 

Oil surged past $90 a barrel on the news, its highest print in roughly six weeks, as traders priced in the risk of a prolonged disruption to one of the busiest shipping lanes for global crude.

The fallout wasn’t contained to oil or crypto. Japan’s Nikkei tumbled 2.7%, erasing an estimated ¥31.8 trillion, around $202 billion, in market value, with the damage concentrated heavily in tech stocks. South Korea’s annual inflation came in at 3.1%, slightly below the 3.2% forecast, doing little to offset the broader risk-off mood sweeping through Asian and global markets.

Where the Numbers Stand

Total crypto market cap has slipped to $2.7 trillion, down 1.4% on the day, with $82.4 billion in trading volume. Ethereum has fallen to $2,395.12, down 3.0%, while XRP has dropped to $1.33, down 3.7% on the day. Solana is down 4.0% at $98.77, and BNB has slipped 1.8% to $681.55.

A Familiar Pattern on the Charts?

Not everyone reading the pullback as purely bad news. Analyst Ali Charts pointed to similarities between Bitcoin’s current price structure and its 2023 bottoming pattern, when Bitcoin tested resistance three separate times, each attempt followed by a roughly 20% pullback toward the middle of its trading range, before finally breaking out on a fourth attempt and igniting its last major bull run. 

Bitcoin has already been rejected once near the top of a similar channel this time around, and if the pattern repeats, Ali Charts said further failed breakout attempts and a pullback toward the $70,000 zone could come before any decisive move higher.

For now, the immediate driver remains geopolitical. With US-Iran tensions escalating in real time and oil prices climbing on fears of a wider disruption, crypto markets are trading defensively until there’s more clarity on how far the conflict extends.

Story Ends Here

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Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Wednesday, with technical indicators suggesting early weakening momentum across the top three cryptocurrencies following massive gains in August. BTC shows early bearish signals, while ETH has extended its pullback after rejection near $2,500. Meanwhile, XRP is consolidating below key support, keeping the outlook cautious.

Bitcoin shows early bearish signsBitcoin price trades at $77,249 on Wednesday after a mild correction the previous day. Despite the pullback, BTC maintains a bullish near-term bias as price holds well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $69,300 and $72,400. 

This stacked configuration of rising EMAs suggests the broader uptrend remains intact, even as Moving Average Convergence Divergence (MACD) has slipped back toward the signal line and turned slightly negative, hinting at some loss of upside momentum while the Relative Strength Index (RSI) eases from overbought territory but stays comfortably above the neutral 50 line.

On the downside, initial support is at the longer-term 200-day EMA around $72,365, the 50-day EMA around $70,295, the 100-day EMA near $69,232, with additional structural floors at $66,500 and $62,300 if a deeper correction unfolds.

On the topside, the next notable resistance aligns with the horizontal barrier at $85,000, and a daily close above this level would reopen the path for the uptrend. In contrast, failure to clear it could encourage further consolidation back toward the EMA support band.

BTC/USDT daily chartEthereum faces rejection from the $2,500 markEthereum trades at $2,407 on Wednesday after rejection near $2,500 the previous day. ETH holds a constructive near-term bias as price trades firmly above the 50-day, 100-day and 200-day EMAs clustered between roughly $2,060 and $2,170, suggesting a supportive medium-term trend despite the latest pullback from recent highs.

The RSI eases to about 63 from overbought territory, hinting at cooling but still positive momentum. At the same time, the Moving Average Convergence Divergence (MACD) has slipped into negative territory, reinforcing the view that upside may be consolidating rather than accelerating in the very near term.

On the topside, immediate resistance emerges at the horizontal barrier near $2,500, with a subsequent cap at $3,000 where sellers are likely to reassert control if the recovery extends.

On the downside, initial support appears at the 200-day EMA around $2,167, reinforced by the 50-day EMA near $2,126 and the 100-day EMA near $2,053. At the same time, a deeper retreat would bring the psychological $2,000 horizontal floor into focus.

ETH/USDT daily chartXRP slips below key supportXRP price trades at $1.342 on Wednesday, consolidating just under the 200-day EMA at $1.350, leaving the broader bias neutral as it holds above the clustered 50-day and 100-day EMAs around $1.216 but has yet to reclaim its longer-term trend barrier.

The RSI at 57 shows mildly positive but not overbought momentum, while the MACD has slipped slightly negative, hinting at waning upside pressure after the recent surge.

On the topside, immediate resistance is defined by the 200-day EMA at $1.350; a daily close above this level would expose the next notable cap at the horizontal resistance near $1.900.

On the downside, initial demand is seen at the horizontal support around $1.300, with stronger structural support emerging from the 50-day EMA at $1.216 and the 100-day EMA at $1.215; a loss of these levels could trigger a deeper pullback toward the psychological and historical floor near $1.000.

XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)

Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.

Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.

Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.

Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.

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.

This site is protected by reCAPTCHA.

Tether sued by two Thai businessmen over freezing $42.4 million in USDT

Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.

4 minutes ago

Binance will list multiple USDT-denominated TradFi perpetual contracts.

According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract

4 minutes ago

Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.

Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.

4 minutes ago

Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.

According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.

4 minutes ago

Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.

According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.

4 minutes ago

Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.

Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.

4 minutes ago

Ethereum extended its bullish momentum in August, climbing 32.5% for its strongest monthly performance since July 2025. On September 2, the leading smart contract platform traded around $2,463, marking a 1.79% gain in the previous 24 hours.

Spot Ethereum ETFs drive inflowsRobust capital inflows into US-based spot Ethereum exchange-traded funds were a central force behind Ethereum’s rally. According to blockchain analytics firm SoSoValue, these ETFs registered $1.85 billion in net new capital last month. This marked their largest month of inflows in over a year, including an unbroken 11-session inflow streak and only four sessions of outflows during August.

SoSoValue reported $1.85 billion in net capital flowed into spot Ethereum ETFs in August, the sector’s best showing in more than 12 months.

Spot ETFs allow investors to gain exposure to Ethereum without directly holding the asset, and such products have become increasingly popular with institutional investors.

Mini dictionary: Spot Ethereum ETF, an exchange-traded fund that tracks the price of Ethereum and settles transactions in real-time without using futures contracts.

Large holders accumulate as retail investors exitA noticeable shift in Ethereum’s ownership structure unfolded during August. On-chain data revealed that large wallets holding between 10,000 and 100,000 ETH accumulated 430,000 ETH, with most of these purchases happening late in the month. By contrast, smaller retail addresses reduced their ETH positions, suggesting heightened institutional accumulation at the expense of individual investors.

Ethereum staking activity also accelerated. Staking contracts received 1.4 million ETH during August, the largest monthly increase since February 2024. Increasing the amount of ETH locked in staking contracts reduces the circulating supply available for trading.

Market observer BATMAN described recent price gains as a reversal to bullish momentum after a year of downward pressure and pointed to the 50-day moving average now acting as support for ETH.

Resistance at $2,550 holds firmWhile the August surge propelled ETH near the $2,550 mark, it has struggled to achieve a decisive breakout above this level. Moves to clear the resistance have repeatedly faltered, prompting some analysts to anticipate short-term volatility. On-chain specialist Ted Pillows noted that leveraged long positions are accumulating around current prices, which could increase liquidation risk if the asset faces another rejection. Open interest has risen to about 4.973 million, alongside higher funding rates.

Support LevelCurrent ResistanceNext Resistance$2,250–$2,300$2,550$2,650–$2,700Traders are monitoring $2,250–$2,300 as the next major support in the event of a pullback, while a clear daily close above $2,550 could open the path to $2,650–$2,700.

Corporate accumulation and longer-term targetsInstitutional demand has remained robust. BitMine, a large digital asset investment firm, acquired 53,501 ETH last week. This increased its reserves to approximately 5.9 million ETH, affirming continued corporate interest even as prices consolidate.

Crypto analyst DonAlt has commented that the range between current prices and $4,000–$4,100 holds relatively light resistance, making it a key long-term target if bullish momentum is sustained.

In the immediate term, ETH continues to trade at $2,463, with the $2,550 level remaining the most significant obstacle for further upside.

The US Department of Commerce has announced the integration of Chainlink, a leading provider of blockchain oracle solutions, to transmit official economic data to public blockchain networks. This program enables transparent and immutable dissemination of key economic statistics, as released by the Bureau of Economic Analysis (BEA), across 10 different blockchain platforms.

Official data streams on public blockchainsThe initiative currently broadcasts three core economic metrics: real gross domestic product (GDP), the PCE Price Index, and Real Final Sales to Private Domestic Purchasers. Each indicator is distributed through two separate data streams—one showing the latest official value and another reflecting annualized quarter-over-quarter percentage changes. In total, six unique data feeds are available.

These statistics are updated in line with the BEA’s official release schedule, with some refreshed monthly and others quarterly. All information matches what is released via traditional government platforms but is formatted specifically for smart contract applications and decentralized platforms.

The data streams operate simultaneously across 10 blockchain ecosystems, including Ethereum, Arbitrum, Avalanche, Base, Botanix, Linea, Mantle, Optimism, Sonic, and ZKsync. Representatives from Chainlink indicated that network support could expand in response to future demand.

The real GDP feed reports inflation-adjusted US economic output in chained 2017 dollars. The PCE Price Index, closely watched by financial markets as the Federal Reserve’s top inflation gauge, tracks price growth across the economy. Real Final Sales to Private Domestic Purchasers offers insight into consumption and private investment, excluding government, trade, and inventory swings.

Commerce Secretary Howard Lutnick emphasized accessibility, stating that making America’s economic data globally verifiable and immutable secures the nation’s position as a leader in blockchain technology.

Data integrity is maintained through strict compliance with international information security standards, including ISO 27001 and SOC 2 Type 1. This program extends a previous effort in which the Commerce Department worked with Pyth Network to make BEA economic data available on blockchains such as Bitcoin and Solana.

How Chainlink connects government data to smart contractsChainlink, a decentralized oracle network, bridges the gap between external real-world data and blockchain smart contracts. By converting BEA statistics into blockchain-compatible formats, Chainlink enables decentralized applications (dApps) to utilize official economic indicators for automated protocols and financial contracts.

Potential applications for these on-chain data feeds include inflation-indexed digital instruments, derivative protocols, and lending platforms that can automatically adjust risk provisions based on the latest macroeconomic figures. However, Chainlink has described these as hypothetical use cases rather than confirmed commercial deployments within this specific collaboration.

Mini dictionary: Chainlink, established in 2017, is a decentralized oracle network that allows smart contracts to securely interact with real-world data, APIs, and traditional payment systems without compromising security or reliability.

LINK performance and market outlookCryptocurrency analyst @TheEliteCrypto reported that LINK’s market capitalization has climbed to $8.5 billion, reflecting a significant recovery from previous levels between $3 billion and $6 billion. The analyst identified strong support at the $6 billion mark and a key resistance target at $10 billion. In earlier market cycles, LINK’s capitalization exceeded $20 billion at its peak.

MetricPrevious RangeCurrent ValueMajor ResistanceAll-time HighLINK Market Cap$3B – $6B$8.5B$10B$20B+Standard Chartered Bank pegged a $200 price target for LINK by 2030, driven by the expanding market for tokenized assets and growing decentralized finance infrastructure. Analyst Geoff Kendrick projected that blockchain-based assets could collectively reach $4 trillion in value by the end of 2028.

Chainlink recently expanded its oracle services with new data feeds for Coinbase-issued tokenized equities on the Base network, including digital representations of companies such as NVDAc, AAPLc, METAc, and GOOGLc. These feeds support the development of collateralized lending protocols and bring traditional assets into blockchain-based financial systems.

8 hours ago

According to HTX market data, escalating US-Iran tensions have pushed the crypto market into another downturn. Bitcoin fell below $77,000 this morning, currently trading at $77,300. Ethereum dropped below $2,400, SOL slipped below $100, and BNB is now at $683. The total cryptocurrency market cap has shed 1.5% in 24 hours, standing at $2.7 trillion. Top gainers include SC and ACE, surging over 30% in 24 hours; ONG, FF, FIL, and CHIP rising more than 10%. UNI extended its strong run, climbing 10.37% to $5.9. The primary catalyst for UNI’s rally is the explosion in real trading volume on Robinhood Chain, which has made Uniswap the leading DEX for tokenized stock RWAs on Robinhood. Daily tokenized stock trading volume once hit roughly $130 million, nearly a 10-fold increase in a month. Furthermore, since Uniswap’s v4 version fee switch launched on Robinhood on July 27, the chain has become a key contributor to its fee revenue. Meanwhile, altcoins including CRDOB, HEMI, PROM, MITO, and ZKC have dropped over 10%.

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ARK Invest and Glassnode published a joint study on Sept. 1 that found three entities could cross the measured block-production thresholds for both Bitcoin and Ethereum, while Solana required 19.

Summary

Bitcoin reaches its 51% hash-rate threshold through three mining pools, according to the joint report. Ethereum requires three staking entities to exceed 33%, although pooled delegation complicates direct control assumptions. Solana’s Nakamoto coefficient is 19, but nearly all measured infrastructure operates inside commercial data centers. Bitcoin’s infrastructure is comparatively dispersed, with 63% of measured nodes operating anonymously through Tor networks. Ethereum hosts roughly 49% of execution-layer nodes in clouds, including 20% through Amazon Web Services. The 32-page report, titled The Decentralization Spectrum: Design Tradeoffs in Digital Assets, compares the networks across ownership, exit fluidity, verification costs, critical resilience, reconstruction costs and infrastructure distribution.

The findings do not mean three companies control Bitcoin or Ethereum. The metric counts mining pools and staking platforms as entities, even when the underlying hardware, stake or node operators belong to separate participants who may withdraw or redirect their resources.

Bitcoin’s three-pool threshold does not equal ownership The report applied a 51% hash-rate threshold to Bitcoin. Foundry USA represented 27.27% of the measured hash rate, followed by AntPool at 17.06% and F2Pool at 16.96%. Together, the three pools exceeded 61%.

This produced a Nakamoto coefficient of three, defined as the minimum number of measured entities needed to cross a network’s critical production threshold. ViaBTC controlled another 9.50%, while SpiderPool represented 5.82%.

Mining pools coordinate block construction and distribute rewards, but they do not necessarily own the machines producing their hash rate. Independent miners connect to pools to receive steadier income and can redirect their computing power elsewhere.

That mobility limits how closely pool concentration can be equated with permanent control. The report estimated a Bitcoin miner could switch a 1% hash-rate position in approximately 29 seconds. A coordinated attack or censorship attempt could prompt participants to leave the responsible pools.

Pools still influence transaction inclusion and ordering because they usually provide the block templates miners use. Pool concentration therefore represents an operational risk, even if it overstates the concentration of underlying mining ownership.

The issue is not new. Earlier crypto.news reporting found that two mining pools produced a majority of sampled Bitcoin blocks in late 2022. Pool shares have changed since then, but production continues to be concentrated among several large coordinators.

Ethereum crosses a lower threshold through pooled stake ARK and Glassnode applied a 33% stake threshold to Ethereum because participants controlling one-third of staked ETH can disrupt finality. This differs from Bitcoin’s 51% majority threshold, so the two coefficients do not describe identical powers.

Lido represented 23.04% of staked ETH in the report’s July data. Binance controlled 8.88%, and Kraken held 6.91%. Those three entities collectively represented approximately 38.8%, taking Ethereum above the selected threshold.

Lido is not a single validator. It distributes stake among multiple node operators, although those operators participate through a common protocol and governance framework. The report therefore treats Lido as shared infrastructure that aggregates economic weight rather than one machine or company directly controlling every validator.

Ethereum’s exit mechanics also restrict validator mobility. The report estimated that exiting a 1% position would take around 14.6 days under current conditions and as long as 55.6 days under heavy congestion. That is much slower than redirecting Bitcoin hash rate.

Client diversity provides another layer of resilience. The study placed Geth’s execution-client share at 34.88%, followed by Nethermind at 26.96% and Reth at 18.98%. Lighthouse represented 54.16% of consensus clients.

Different clients independently implement Ethereum’s rules, reducing the portion of the network exposed to one software defect. The relationship between Ethereum nodes and their software clients means validator concentration alone cannot describe the network’s full failure risk.

Solana’s 19-validator result comes with infrastructure costs Solana recorded the highest Nakamoto coefficient for the selected block-production threshold. The report found that 19 validators were needed to control more than 33% of delegated stake.

Figment was the largest individual validator at 3.78%, followed by Helius at 3.69%, Jupiter at 2.91%, Binance Staking at 2.81% and Ledger by Figment at 2.16%. The remaining 84.65% was spread across other validators.

One passage in the report says Solana requires 20 entities, but its chart, comparison table and published Glassnode summary all report a coefficient of 19. The table also says the figure increased from 18 in March 2026.

Solana’s validator distribution performed well on this particular measure, but its physical infrastructure was more concentrated. Approximately 100% of the infrastructure measured by the researchers operated in commercial data centers. About 68% was in Europe, while 21% was in North America.

TeraSwitch hosted 30.23% of measured stake, and the top two hosting companies served around 35.7%. Common infrastructure can create correlated failures even when the validator set contains many separate operators.

That risk became visible in August when 102 of 699 Solana validators stopped voting during a TeraSwitch routing problem. Solana continued processing transactions, but the episode showed how one infrastructure failure can affect multiple otherwise independent validators.

The report used Solana geographic data from November 2024, while most Bitcoin and Ethereum infrastructure data came from July 2026. That timing difference limits direct comparisons and leaves room for Solana’s distribution to have changed.

Bitcoin leads infrastructure resilience and auditability Bitcoin had the least expensive verification requirements in the study. The researchers estimated hardware for a full node at $289, compared with $730 for Ethereum and $21,478 for a Solana RPC node or validator-class configuration.

Its measured full-chain storage requirement was 753 gigabytes. Ethereum required approximately two terabytes for a full archive setup, while reconstructing Solana’s history was estimated at 480 terabytes because historical data is commonly offloaded to external providers.

Bitcoin also had the most distributed hosting profile. Only 16% of measured infrastructure operated in data centers, while 63% of nodes used Tor. Another 15% was residential or self-hosted.

Ethereum placed approximately 49% of execution-layer nodes in cloud environments and 45% in self-hosted settings. AWS alone hosted around 20%, while the top two providers accounted for approximately 27%.

Solana’s higher hardware and bandwidth demands reflect its focus on throughput. The tradeoff is that fewer ordinary users can independently recreate or verify the full network history using consumer equipment.

No single score settles blockchain decentralization The report ultimately ranked Bitcoin as the most decentralized of the three networks overall, followed by Ethereum and Solana. Bitcoin led in ownership distribution, auditability and geographic resilience.

Ethereum generally occupied the middle across the six dimensions. Solana scored strongly for its critical resilience threshold and validator participation but ranked lower for ownership distribution, verification accessibility and infrastructure diversity.

The methodology remains sensitive to how entities are grouped. Exchanges can hold tokens for many customers, mining pools aggregate independent miners, and staking protocols coordinate multiple operators. Wallet-size bands can likewise combine custodial assets belonging to thousands of users.

The comparison is therefore more useful as a map of separate concentration risks than as a definitive ranking. A network may distribute block production broadly while relying heavily on several hosting companies, software clients or governance organizations.

Future editions could improve comparability by using synchronized data dates, separating pools from underlying resource owners and distinguishing censorship thresholds from thresholds capable of rewriting finalized history.

FAQs Do three entities control Bitcoin? No. Three measured mining pools exceeded 51% of hash rate, but independent miners supply much of that computing power and can change pools.

Can three Ethereum platforms rewrite the blockchain? The report’s three-entity figure concerns the 33% stake threshold associated with disrupting finality. It does not represent the stronger two-thirds threshold needed for other consensus actions.

Why does Solana score 19? The 19 figure is the minimum number of validators whose combined delegated stake exceeds the report’s 33% threshold.

Which blockchain did the report rank as most decentralized? Bitcoin ranked highest overall due to its accessible verification, dispersed ownership and comparatively resilient geographic infrastructure.

Remixpoint has sold its entire altcoin portfolio for ¥878.8 million, leaving the Japanese listed company with roughly 1,506 Bitcoin as its only cryptocurrency holding.

Summary

Remixpoint sold all of its ETH, SOL, XRP and DOGE holdings on September 1 for ¥878.8 million. The transactions generated a combined realized profit of ¥117.8 million, which will be booked as business segment revenue in the second quarter. Remixpoint now holds only Bitcoin in its crypto portfolio, with its balance standing at approximately 1,506 BTC. The company plans to consider using the sale proceeds for grid scale battery assets, strengthening its finances and other corporate measures. According to a September 2 disclosure from Remixpoint, the company sold all of its Ethereum, Solana, XRP and Dogecoin on September 1 after reviewing market conditions, the risk and return profile of each asset and its financial strategy. The transactions generated a combined realized profit of ¥117.77 million.

The company said the portfolio change would concentrate its crypto holdings and establish Bitcoin as the main asset under its holding and operational strategy. Remixpoint plans to book roughly ¥117 million from the altcoin sales as business segment revenue in the second quarter of its fiscal year ending March 2027.

Ethereum accounted for the largest portion of the sale by value. Remixpoint disposed of 901.44672542 ETH for ¥353.43 million, compared with a book value of ¥293.22 million, producing a profit of ¥60.2 million.

Its 13,920.07255868 SOL position was sold for ¥227.89 million against a book value of ¥178.58 million. The Solana transaction generated another ¥49.3 million in realized gains.

Remixpoint received ¥260.43 million from the sale of 1.191 million XRP, resulting in an ¥11.52 million profit. Dogecoin was the only position sold at a loss, with 2.802 million DOGE generating ¥37.08 million compared with its ¥40.34 million book value. The DOGE sale resulted in a ¥3.26 million loss.

Combined, the four positions had a book value of ¥761.04 million before being sold for ¥878.81 million.

Ethereum and Solana had previously generated income for the company through staking. Between July 16, 2025 and August 31, 2026, Remixpoint received ¥10.93 million in staking rewards from ETH and ¥18.94 million from SOL, taking total rewards from the two assets to ¥29.87 million. The company received all of those rewards in yen.

Remixpoint had built a diversified crypto portfolio before concentrating its holdings in Bitcoin. In November 2024, crypto.news previously reported that its holdings included Bitcoin, Ethereum, Solana, Avalanche, Dogecoin and XRP. At the time, the company held 215.76 BTC, while Solana was its second-largest crypto position by value.

By December 2024, its Bitcoin balance had increased to 282.87 BTC after another ¥200 million purchase. The company then held ETH, SOL, AVAX, DOGE and XRP alongside Bitcoin, with an aggregate acquisition cost of ¥4 billion across the portfolio.

Bitcoin becomes Remixpoint’s sole crypto holding Following the September 1 sales, Remixpoint said its cryptocurrency holdings consisted solely of approximately 1,506 BTC.

The decision extends a Bitcoin strategy that the company had been expanding since 2024. Remixpoint approved another ¥1 billion Bitcoin purchase in May 2025 after committing ¥11 billion to cryptocurrency purchases and spending ¥10.5 billion of that amount. The additional allocation would have taken its approved crypto investment to ¥12 billion at the time.

Its Bitcoin strategy accelerated two months later when Remixpoint announced a financing plan designed to raise approximately $215 million. The company said at the time that it intended to increase its Bitcoin exposure, while its crypto portfolio still included ETH, XRP and SOL. Its Bitcoin balance then stood at roughly 1,051 BTC.

Remixpoint reinforced the strategy in July 2025 when CEO Yoshihiko Takahashi chose to receive his salary in Bitcoin. The arrangement made Remixpoint the first publicly listed Japanese company to pay its chief executive entirely in BTC, with the company converting an amount equal to Takahashi’s salary into Bitcoin before transferring it to him.

Bitcoin lending has since generated revenue from the company’s holdings. Remixpoint’s September 2 filing showed that lending operations produced 14.92055902 BTC, valued at ¥164.22 million, between February 24 and August 31. Monthly lending income reached 2.48356398 BTC, worth ¥31.15 million, in August alone.

Japanese companies continue building Bitcoin treasuries Remixpoint’s Bitcoin concentration comes as other Japanese listed companies have developed treasury strategies centered on the cryptocurrency.

Metaplanet held 43,000 BTC after adding 2,823 Bitcoin during the second quarter of 2026. The company reported an overall average acquisition price of ¥15.3 million per Bitcoin, while revenue from its Bitcoin Income Generation business fell roughly 41% quarter over quarter to ¥1.747 billion.

Metaplanet has moved beyond accumulation into financial products tied to its treasury. In July, the company completed its ¥2.1 billion acquisition of Siiibo Securities and launched Metaplanet Securities, a regulated business intended to develop Bitcoin-backed bonds and digital credit products.

Remixpoint, meanwhile, said the ¥878.81 million raised from its altcoin disposals would be considered for expanding assets in business areas it has identified for future growth, including grid-scale storage batteries. The company named strengthening its financial base and other measures intended to improve corporate and shareholder value among the potential uses of the proceeds.

Robinhood’s Ethereum Layer-2 blockchain generated roughly $2.2 million in revenue in a single day, putting it on an annualized pace of around $800 million just two months after its public launch. For a chain that was supposed to be about tokenized stocks and serious DeFi, the revenue engine looks a lot more like a memecoin casino.

On August 30, 2026, applications on Robinhood Chain pulled in approximately $2.66 million in daily revenue, a figure that surpassed Ethereum’s own app revenue for the same day. Only Solana generated more. The chain also recorded 5.52 million transactions that day, a volume that would have been eye-popping for most established Layer-2 networks, let alone one that has been live for barely eight weeks.

The memecoin surprise Robinhood Chain launched its public mainnet on July 1, 2026, built on Arbitrum technology with a stated focus on tokenized equities and real-world assets. The pitch was straightforward: bring traditional finance rails onto a fast, cheap Ethereum Layer-2 and let retail investors trade stocks as tokens alongside DeFi protocols.

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The actual usage tells a different story. The three biggest revenue-generating applications on the chain are GMGN, Pons, and Uniswap, with memecoin-focused tools dominating the revenue leaderboard.

Revenue in context A key distinction worth understanding: the $2.66 million figure represents application-level revenue, meaning the fees and income generated by apps running on Robinhood Chain. The chain-level revenue, what actually flows to the network itself, is estimated at around $963K before costs and revenue-sharing obligations.

Under the Arbitrum Expansion Program, Robinhood Chain allocates 10% of net protocol revenue back to the Arbitrum ecosystem. That breaks down to 8% directed to the Arbitrum DAO treasury and 2% to developers. So for every dollar the chain earns at the protocol level, roughly a dime goes back to the technology stack that makes it possible.

During its first full month of operations in July 2026, Robinhood Chain captured approximately 38% of total Ethereum Layer-2 fees, pulling in around $3.6 million. That’s a newcomer grabbing more than a third of the entire L2 fee market within weeks of going live.

For Robinhood the company, the L2 represents a potentially transformative new business line. Robinhood reported $2.95 billion in total net revenue for 2025, so a blockchain division running at even a fraction of that annualized pace would move the needle.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Is Ethereum's August Rally Over? 2 Sets of Data Give Opposite Answers

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According to HTX market data, the overall cryptocurrency market has continued to decline, likely impacted by escalating tensions in the Middle East. Bitcoin has fallen below $77,000, while Ethereum has dropped below $2,400. In related news, the U.S. Air Force struck Iranian targets near the Strait of Hormuz today, followed by Iran launching missiles and drones at U.S. military positions.

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Japan’s rate shock deepened on Tuesday. The 30-year government bond yield approached its all-time high of 4.205%, last tested in May. Meanwhile, the 10-year reached 3% for the first time since 1996.

The rate hike itself was never the surprise. Markets had nearly fully priced a September move. What nobody saw coming was Washington publicly demanding it, and a bond market that broke anyway.

JP30Y Performance Source: TradingViewWhy Japan’s Rate Shock Is Reaching Global MarketsUS Treasury Secretary Scott Bessent met Finance Minister Satsuki Katayama and Bank of Japan (BOJ) Governor Kazuo Ueda at the Group of 20 (G20) finance gathering in Asheville, North Carolina. He pressed for hikes and a clearer fiscal plan.

“I have information that the market doesn’t have, and it’s my belief that the Japanese government and the BOJ will do the things that will lead to a stronger yen,” Bessent said.

Japan’s whole curve gave way, with the two-year hitting a 31-year high, lifting yen carry trade costs that had been near zero for a generation.

Where is Bessent? Japan is in trouble.

Rates are surging while the yen is falling:

– Yen at a 40 year low
– JP10Y yield at a 30 year high
– Inflation near a 30 year high

If Bessent doesn’t want Japan dumping USTs, he better prepare for the next intervention.

We all don’t own… pic.twitter.com/LZzx3t4P0W

— Lukas Ekwueme (@ekwufinance) September 1, 2026
Japan’s own budget assumed a 3% long-term rate when it calculated debt-service costs, so Japan’s rising borrowing costs now test that arithmetic.

Other long-end markets moved with it. UK 10-year gilts reached 5.23%, a level last seen in 2008, US 10-year Treasuries traded at 4.78%, and Brent crude climbed above $92 a barrel.

Not everyone reads the selloff as a monetary story. Takahide Kiuchi, a former BOJ board member now at the Nomura Research Institute, framed the 3% print as a verdict on spending under Prime Minister Sanae Takaichi.

“The rise to 3 per cent is a message from the market that could, to some extent, force Takaichi to correct some of her expansionary fiscal policy,” the Financial Times reported, citing Kiuchi.

What a Stronger Yen Would Mean for BitcoinYears of near-free yen borrowing funded leveraged bets across equities, bonds, and crypto. Higher Japanese rates make that funding dearer.

The Bank for International Settlements put yen loans to non-banks outside Japan near $250 billion in March 2024, with cross-border yen claims on offshore centers around $500 billion. It cautioned that the true size resists measurement.

The current estimated size of the yen carry trade may be as high as $500 billion compared to $250 billion in August of 2024, when a 6% rally in the yen caused a global financial shock. The $500 bln may not take into account the amount of leverage added to that total today.

— ron insana (@rinsana) August 1, 2026
When it happened, Bitcoin (BTC) and Ethereum (ETH) shed up to 20% during the August 2024 unwind, as margin calls forced traders to liquidate positions across asset classes.

Bitcoin and Ethereum Price Performance. Source: TradingViewYet the currency has not rallied. The dollar sat near 159.75 yen on Monday, just inside the 160 mark that raises the odds of yen-buying intervention.

Japan’s fading yen defense has held no floor since the July 31 joint operation with Washington.

For officials, the line is 160, but for Bitcoin the trigger is speed rather than level, because the pace of the 2024 appreciation, the sharpest single-day currency move the BIS examined, is what broke the trade.

The BOJ decides on September 18, with markets pricing a quarter-point move to 1.25%. Ueda’s guidance on what follows may matter more to crypto than the hike itself.

Robinhood Chain has gone from newcomer to one of the more talked-about DEX venues in DeFi, and the numbers are starting to back that up. Trading volume on the Ethereum layer 2 climbed 61% over a matter of days, with 24-hour DEX volume crossing $1.58 billion and weekly figures up nearly 90% according to DefiLlama data.

For a chain that only launched its mainnet on July 1, 2026, that is a remarkably short runway to relevance.

What is actually driving volume Tokenized equities have emerged as a genuine pull factor. Representations of stocks like Nvidia and Apple are being used as collateral in DeFi transactions. Over a 30-day window, tokenized stocks generated $4.3 billion in DEX volume on the chain, with daily real-world asset trading peaking at $85 million on August 25.

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The primary trading venue is Uniswap, which handles the bulk of swap activity on the chain. Morpho Blue leads on the lending side, holding roughly $481 million in total value locked, which represents the majority of the chain’s overall TVL figure of approximately $735 million. Stablecoin supply sits at around $797 million, with USDG accounting for a significant share of that figure and serving as the main fuel for Morpho’s lending markets.

The Arbitrum connection and what it means for Ethereum Robinhood Chain is built on the Arbitrum stack, which means it shares infrastructure DNA with one of Ethereum’s most established layer 2 networks. Part of that arrangement includes a 10% fee share with Arbitrum, giving the underlying network a direct financial stake in Robinhood Chain’s continued growth.

Analysts at Bernstein flagged the chain’s early momentum as a signal worth watching for Ethereum more broadly. The logic is straightforward: more DEX activity means more bridging, more gas consumption, and more demand for block space on Ethereum’s base layer.

Daily transaction counts have exceeded five million on peak days. Cumulative DEX trading volume has already crossed into the tens of billions since the July launch.

Real-world assets as a DeFi wedge Equities are different from tokenized Treasuries or credit products. Nvidia and Apple are household names with massive retail followings. Using tokenized versions of those stocks as DeFi collateral creates a bridge between the investing behaviors that Robinhood’s core user base already has and the on-chain functionality that DeFi protocols have spent years building.

A 10% fee share arrangement with Arbitrum means that as revenue scales, the economics benefit multiple layers of the stack simultaneously, which is a different model from chains that capture all fees internally.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Ethereum (ETH) is currently trading at approximately $2,463, delivering a 1.79% increase over the past 24 hours, according to Brave New Coin data. Market participants remain divided on ETH’s near-term direction as the cryptocurrency continues to face stiff resistance at the $2,550 mark.

Ethereum stalls below key resistanceRepeated attempts by buyers to lift Ethereum above the $2,550 threshold have so far been unsuccessful. After each failed breakout, the price has returned to levels around $2,465, keeping the asset below a resistance zone that defines the short-term outlook.

Market analyst Ted Pillows pointed to the potential for increased volatility in the coming days, suggesting that the sideways trend might end with either a short-term pullback or capitulation before a reversal can take hold. Major support is now seen between $2,250 and $2,300. If buyers manage to overcome $2,550, a broader resistance corridor lies ahead between $2,650 and $2,700.

Eth remains stuck below $2,550, with bulls preparing for the next major test. A decisive move above this zone could target the $2,700 area, while a failure would likely see support tested around $2,250-$2,300.

Long leverage adds volatility riskThe derivatives market for Ethereum is showing a significant tilt towards long positions. Open interest stands near 4.97 million, while the funding rate has climbed to approximately 0.0073. These metrics indicate that traders are taking on greater risk as price consolidates below resistance.

Ted Pillows noted that aggressive long entries could amplify volatility if the current price zone fails to attract new buyers. A sharp reversal from the $2,550 line may trigger liquidations among overleveraged market participants, potentially causing a swift short-term decline.

Larger upside and support zonesAnalyst DonAlt sees a major gap on Ethereum’s higher-timeframe chart, highlighting that the next significant resistance does not appear until roughly $4,000 to $4,100. To reach that zone, ETH must establish a clear move above $2,700, overcoming multiple resistance clusters along the way.

A sustained break above $2,550 would be required to start targeting $3,000 and eventually the broader $3,800-$4,100 region. Stronger resistance at $4,300-$4,400, near previous cycle highs, also remains in focus if bullish momentum builds. ETH continues to rely on support between $2,000 and $2,100 for the broader bullish outlook to remain valid.

Resistance LevelTarget if Broken$2,550$2,650–$2,700$2,700$3,000$3,800–$4,100$4,300–$4,400Institutional accumulation remains strongInstitutional buyers continue to build Ethereum exposure despite recent price indecision. BitMine, a digital asset investment firm, reportedly acquired an additional 53,501 ETH last week, taking its total holdings to nearly 5.9 million ETH. The size of such positions suggests large investors are accumulating during periods of market consolidation, which could provide more stability if ETH attempts a larger recovery.

Mini dictionary: BitMine is a cryptocurrency investment and mining company focused on acquiring and managing large-scale digital asset positions for institutional clients.

Key chart levels to watchEthereum’s technical outlook revolves around the $2,500-$2,550 resistance area, which has rejected multiple upside moves in recent sessions. A conclusive breakout would strengthen the short-term trend, possibly triggering a push towards $2,700 and $2,800 in the weeks ahead.

Should ETH lose momentum, the first level to monitor on the downside is $2,400. A breach of this zone could open the path towards $2,250–$2,300 support. A much deeper pullback would test the more strategic $2,000 level that defines the broader bullish structure.

Bulls must clear $2,550 decisively to unlock further gains, while losing $2,400 could expose the market to a deeper correction.

Upside targets and downside risksETH’s broader targets extend beyond the near-term hurdles. If the price successfully overcomes resistance around $2,550 and $2,700, market watchers will focus on $3,000 as the next notable milestone and $4,000–$4,400 at the high end of the current cycle projection.

Key downside risks remain if Ethereum fails at resistance. Another rejection increases the likelihood of a slide towards $2,400, and if that level does not hold, further support is found between $2,250 and $2,100.

For now, Ethereum continues to consolidate, with traders closely monitoring whether bulls can recapture lost ground or if further volatility is imminent in the near term.

Owners must stake, post and attest to a permitted country to earn Robinhood Stock Tokens. Anyone can buy the NFT, and the portfolio inside it, with no KYC.

Posted September 1, 2026 at 6:30 pm EST.

On Robinhood Chain, an NFT collection whose floor price has risen 77% in a month is testing the line between securities and collectibles, mixing regulated financial products with pixelated, suit-wearing avatars.

Called StonkBrokers, the colorful 4,444-piece collection enables its owners to accrue Stock Tokens as rewards on Robinhood’s Ethereum layer-2 network, providing them with a novel way to gain exposure to Wall Street names like Tesla, Amazon, and Nvidia.

Robinhood has made the tokens available to investors in more than 120 countries, though not in the U.S., U.K., Canada or Switzerland. The rules that would govern them in the U.S. remain unwritten: The SEC’s proposed exemption for tokenized securities was pulled from its agenda in August and has never been published. And the team seems to have taken into account past NFT projects’ brushes with U.S. securities law, such as Ashton Kutcher’s Stoner Cats 2.

In order to earn those Stock Tokens, those holding StonkBrokers must pass what the project’s terms call “geographic and network screening” and complete a “Program attestation” declaring that they live in a “permitted jurisdiction.” At the same time, the NFTs can be bought by anyone on a secondary market outside the same Know Your Customer (KYC) procedures that Robinhood customers must satisfy.

By offering NFTs that can accrue Stock Tokens as rewards, StonkBrokers is charting new ground at the intersection of collectibles and securities, according to Givner Law founder and principal attorney Ariel Givner.

“Nobody’s done it before,” she said. “It’s a gray area, and it’s bringing together a lot of new things that we don’t have precedent on.” 

A Fast Run, a Retrace, and Another Run Clutch Markets, the Grand Cayman company behind StonkBrokers, said on X on Aug. 25 that the project had distributed more than $1.57 million in what it calls marketing rewards.

The collection’s floor passed Bored Ape Yacht Club’s in early August, gave back roughly 60% of that run, and has now passed it again, trading at 8.50 ETH, or about $20,500, against Bored Ape’s 7.65 ETH on Tuesday afternoon. That floor is not set by open bidding. The project’s own automated market maker prices every broker at a flat 666,666 $STONKBROKER plus a 10% fee, so the floor tracks the token, which fell 14% on Tuesday even as the floor reading climbed. 

The collection stood out in a slow market for profile picture NFTs, or PFPs. The collection carried no mint price, though allocation required burning an earlier Clutch NFT before a July 16 deadline. Pseudonymous crypto analyst Diamond estimated the mint cost at around $37. 

The SEC and CFTC interpreted in March that a “digital collectible” is not itself a security, while leaving intact that one can still be sold subject to an investment contract. StonkBrokers has squarely tied itself to financial products that operate within tight regulatory boundaries, Givner told Unchained. 

Freely Tradeable — While Still Blocking U.S. Users StonkBrokers are capable of holding Stock Tokens thanks to ERC-6551, an Ethereum standard giving each NFT its own unique smart contract wallet, known as a token-bound account. 

According to the project’s documentation, each StonkBrokers NFT comes equipped with a wallet that’s “seeded with tokenized stock at mint and, once activated, can receive stock-token reward drops through the StonkBrokers rewards program.”

Because the underlying Stock Tokens live inside the NFT’s sub-account rather than a user’s personal wallet, trading the NFTs on secondary markets effectively transfers that portfolio.

That gap appears significant, Ryón Nixon, founding partner of crypto-native law firm Horizons Law, told Unchained. Robinhood’s Stock Tokens are debt instruments issued by an offshore affiliate that can’t be directly purchased or redeemed by U.S. persons, but can be freely transferred like any other ERC-20 token, such as a stablecoin, he noted.

“In simple terms, StonkBrokers engineered the protocol in a way where they don’t let people in certain jurisdictions, like the U.S., interact with the touchpoints that might trigger compliance requirements like a customer identification program,” he said.

Nixon noted that the offshore separation provides a unique legal buffer: “Even if a Stock Token ends up in a U.S. person’s wallet, Robinhood’s offshore affiliate does not let U.S. persons directly purchase or redeem the Stock Tokens, so from their perspective, the transactions are intended to remain completely offshore.”

Robinhood’s own base prospectus complicates that picture somewhat. It reserves the issuer’s right to declare a transfer “null and void” and to “freeze, block, seize, transfer, redeem and/or recreate” a token, and says the contracts will be programmed to block addresses identified as sanctioned.

Lessons From Stoner Cats 2 Before the Securities and Exchange Commission struck a more collaborative stance under its current leadership, the regulator brought several enforcement actions against NFT issuers.

For example, the SEC famously argued that Stoner Cats 2, LLC, the firm behind an animated web series backed by actors Mila Kunis and Ashton Kutcher, offered unregistered securities because buyers had “a reasonable expectation of obtaining a profit based on SC2’s managerial and entrepreneurial efforts,” pointing to its marketing campaign and a 2.5% cut of secondary sales. The company paid a $1 million penalty. Commissioners Hester Peirce and Mark Uyeda dissented, writing that the analysis “lacks any meaningful limiting principle.”

The position was rooted in the SEC’s Howey test, under which a transaction is an “investment contract,” and therefore a security, if it involves an investment of money in a common enterprise with an expectation of profits derived from the efforts of others. 

StonkBrokers explicitly strips away any notion of passive income, requiring holders to stake $STONKBROKER to activate a broker and then work for their payouts. Any wallet can trigger the “Clock In” that releases a round of rewards, but only activated brokers collect them. According to the project’s terms of service, participants receive rewards for “the creation and publication of qualifying social media posts promoting the StonkBrokers game, collection, art, or Clock In.”

The document strictly bans users from utilizing words like “royalty,” “dividend,” “yield,” or “passive income,” asserting instead that the compensation is “payment for services rendered” to those who are classified technically as independent contractors.

An Untested Defense Whether that structure works has not been tested. The March interpretation’s safe harbor for token distributions covers only those where recipients provide “no money, goods, services, or other consideration,” and it names social media promotion among the activities that count as services. In a 2018 case against Tomahawk Exploration, the SEC found that tokens paid out for promotional posts were an offer and sale of securities.

The project’s documentation says rewards are funded mechanically: 70% of the trading fees from its own automated market maker, plus fees from lending, its Safety Deposit Box and a slot-machine game. Its terms of service describe something looser, saying the project funds the pool “in its sole discretion.” The funding story buyers are relying on is not the one the project has committed to in writing. 

The project has not slowed down while those questions sit open. On Aug. 29 it launched Stonk Exchange, a venue built on Uniswap v4 pools where liquidity providers collect premiums from leveraged traders, with covered-call vaults slated for September. Robinhood’s own crypto account retweeted the team on Aug. 28, amplifying a Robinhood Chain block explorer it had built, though it has said nothing publicly about the stock-token rewards program itself.

While StonkBrokers is taking a fresh approach to NFTs, Robinhood Chain’s mainnet only launched on July 1, following a public testnet in February.

Interest in tokenization has climbed sharply this year. dYdX Labs brought leveraged stock and crypto tokens to the same chain last week, and on Tuesday the SEC proposed its first overhaul of transfer-agent rules since the 1970s, asking for comment on how a blockchain should interact with the official record of who owns a security. Nixon noted that while the structure is unconventional, it showcases a broader appetite for experimentation.

“It’s a very interesting approach that opens the market up to new design spaces, which is refreshing to see in the current market conditions,” he said.

Unchained has reached out to Clutch Markets and Robinhood for comment.

Related Listen: How Tokenized Stocks Could Undercut Interactive Brokers’ 77% Profit Margin

Robinhood (@RobinhoodCrypto) Chain closed August with a milestone that few Layer 2 networks reach in their second month of operation. Daily decentralized exchange volume hit $1.33 billion on Aug. 30, according to DefiLlama data cited by BlockBeats, surpassing Ethereum, BNB Chain, and Base in the same 24-hour window. Among major networks, only Solana posted a higher figure, at roughly $1.86 billion.

TVL and Stablecoins Signal Deeper Capital Commitment The volume surge was accompanied by broader balance-sheet growth. Total value locked reached $728 million, nearly double its level from a month earlier. Stablecoin supply on the network climbed 47% month over month to approximately $796 million, reflecting an expansion in productive capital rather than purely speculative positioning. Seven-day DEX volume reached $6.16 billion, up 79% week over week, according to DefiLlama data reported by BlockBeats.

Fee generation also stood out. Network fees for the 24-hour period reached roughly $1.07 million, a figure that was approximately equal to the combined fees generated by Ethereum and Solana over the same period, per DefiLlama data.

Activity Shifts From Memecoins Toward Utility The composition of activity on Robinhood Chain is evolving. In July, the chain was dominated by memecoin trading, with CASHCAT leading the way after a rapid run-up following its Robinhood spot listing. By August, the tokens attracting the most attention had shifted toward utility and infrastructure. According to The Block, projects including Delta, UP, and NetNet each saw their valuations rise approximately tenfold during the month.

The most prominent example is PONS, the native token of one of the chain's leading launchpads. Its market cap grew from around $20 million to above $200 million during August alone, according to The Block. On Aug. 30, PONS led all tokens on the chain with $67.38 million in volume, 135,566 trades, and 12,670 unique traders, per Dune Analytics data.

Tokenized equities are also playing a growing role. Daily trading volume in tokenized real-world assets hit a record $85 million on Aug. 25, with representations of stocks such as NVDA and AAPL accounting for a significant share, according to Crypto Briefing. Uniswap has emerged as the dominant venue on the chain, handling the bulk of DEX volume since launch.

Robinhood Chain launched its public mainnet on July 1 as a permissionless Ethereum Layer 2 built on Arbitrum technology. The speed of its growth, from zero to competing with established networks on daily volume within two months, has drawn attention across the DeFi space. The key test ahead is whether that volume holds once speculative momentum cools.

Sources:
Bloomingbit: Robinhood Chain DEX Volume Hits $1.33 Billion, Surpassing Ethereum, BNB Chain and Base
The Block: Robinhood Chain activity surges in August as DEX volume nears $1 billion
Crypto Briefing: Robinhood Chain daily DEX volume hits new all-time high

The two-month-old Arbitrum network ranked second among all chains by decentralized exchange volume over 24 hours, ahead of Ethereum, BNB Chain and Base, with its memecoin launchpad earning almost three times what pump.fun did.

Robinhood Chain settled more decentralized exchange volume over the past 24 hours than Ethereum, BNB Chain and Base, ranking second among all networks behind Solana, as the launchpads running on it took close to 70% of the fees paid to launchpads across crypto.

The chain Robinhood built to trade tokenized equities is now the main venue for memecoin issuance. Pons, a launchpad that exists only on Robinhood Chain, has earned more in daily fees than Solana's pump.fun every day since Aug. 29, and its take is climbing while pump.fun's holds flat.

Robinhood Chain recorded $1.49 billion in DEX volume over 24 hours, up 6.2% from the prior day, 131.1% over seven days and 517.4% over 30 days, according to DefiLlama.

Solana led with $2.5 billion, followed by Robinhood Chain, Ethereum at $1.3 billion, BNB Chain at $1.12 billion, Base at $878.8 million and Hyperliquid at $446.9 million. The chain has processed $7.25 billion over seven days and $17.75 billion over 30 days.

Pons Passes Pump.funPons collected $4.89 million in fees on Aug. 31, the most recent full day, against $1.72 million for pump.fun. That gave Pons 63.9% of the $7.65 million paid to launchpads across crypto that day and pump.fun 22.5%, DefiLlama data shows. Launchpads deployed on Robinhood Chain took about 70% between them.

Pons had led pump.fun on daily fees once before, on six days in late July, then fell behind for a month. Its largest day is Aug. 30, at $5.34 million. The protocol has earned $21.04 million over seven days and $31.03 million over 30 days.

In the 30 days to Aug. 11, pump.fun held 42.2% of launchpad fees and Pons had earned $19.8 million since its July 13 launch, as The Defiant reported when pump.fun's share recovered above half following a July slump to 26.7%. Pons shipped its V2 contracts on Aug. 3.

V2 charges a launch fee plus a swap fee on both the bonding curve and the Uniswap V4 pool a token graduates into, with the rates set per launch and readable onchain rather than published. The protocol takes its cut first, a slice of the remainder buys back the launched token where the creator has enabled it, and the rest goes to the creator, according to the V2 documentation. Bought-back tokens vest over five years, split between creator and protocol. Buys in a token's first five seconds carry a tax starting at 99% that decays to zero, a check on snipers.

Every other launchpad on the chain is far smaller. On Aug. 31, Pons V1 took $508,139, NOXA Fun $142,924, o1 Exchange's launchpad $141,382, LetsCash $47,925 and Uniswap Labs' Pools.trade $38,553. Pools.trade, which out-launched Pons on its first day on Aug. 5, charges 0.25% per trade and nothing to launch a token.

PONS traded at $0.4352 on Tuesday, up 6% over 24 hours, 363.4% over seven days and 1,554.6% over 30 days, for a market capitalization of $309.9 million and a rank of 129, according to CoinGecko. The token set an all-time high of $0.4933 at 07:32 UTC on Sept. 1 and turned over $98.8 million in the past day.

ETH traded at $2,437.87, down 1.1% over 24 hours.

Uniswap V4's Largest HomeRobinhood Chain is where most Uniswap V4 trading now happens. The deployment there handled $720.3 million over 24 hours, 51% of the $1.42 billion Uniswap V4 processed across all chains and more than three times the volume of the Arbitrum One chain Robinhood Chain settles to. Uniswap V3 on Robinhood Chain added $486.5 million, and the two together account for 81% of the chain's DEX volume.

Pons V2's own pools traded $86.5 million over 24 hours and $309.7 million over seven days.

Robinhood's Cut Is GasNone of the application fees accrue to Robinhood. The company earns transaction gas fees, which DefiLlama tracks separately at $2.13 million over 24 hours. Chain revenue, net of Ethereum L1 execution and blob costs and the 10% fee share owed under the Arbitrum Expansion Program license, was $1.92 million. That share splits 8% to the Arbitrum DAO treasury and 2% to development funding.

Applications on the chain earned $14.3 million in fees and kept $3 million in revenue over 24 hours on DefiLlama's app series, which excludes stablecoin issuers, liquid staking and gas fees, the categories that produce most of Ethereum's onchain income. Robinhood Chain passed Ethereum on that measure on Aug. 29 and has stayed ahead since.

From Stock Tokens To MemesRobinhood launched the chain's mainnet on July 1 alongside 24/7 stock tokens, onchain lending and plans for agentic trading, pitching the network as infrastructure for tokenized securities. Memecoin trading arrived in week one, and CEO Vlad Tenev said the chain works for memes too after earlier skepticism.

The two use cases then merged. Launch platforms began pairing memecoins with tokenized equities, and by late July Robinhood Chain carried more tokenized stock volume than Solana's venues combined. The chain passed Base on daily active users three weeks after launch.

Total value locked on Robinhood Chain stands at $738.7 million, up 3.9% over 24 hours, against $48.85 billion on Ethereum, $5.79 billion on Solana and $5.53 billion on Base. Stablecoins on the chain total $796.7 million, up 7.8% over seven days.

Onchain figures via DefiLlama as of 16:15 UTC on Sept. 1. Prices via CoinGecko.

Russia’s new cryptocurrency law takes effect on September 1, 2026, bringing Bitcoin, Ethereum, and USDT into a regulated market under the Bank of Russia’s supervision. Retail investors can now access the three approved assets through licensed platforms. 

But strict purchase limits remain, and crypto payments inside Russia are still banned.

Key Provisions of the Russia Crypto LawThe law, signed by President Vladimir Putin on August 4, 2026, creates a regulated framework for crypto exchanges, brokers, custodians and other market operators.

These businesses will operate under the supervision of the Bank of Russia, with existing market participants given until July 1, 2027, to meet the new licensing requirements.

The law also gives cryptocurrencies legal status as property, allowing owners to seek legal protection over their digital assets.

It also allows exporters and importers to use crypto for international trade payments, giving Russian businesses another way to settle deals amid banking restrictions and sanctions.

Only BTC, ETH and USDT Make the ListThe biggest change for retail investors is the limited choice of assets.

Non-qualified investors can legally buy Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) through licensed domestic intermediaries. XRP, Solana (SOL), Cardano (ADA) and other cryptocurrencies are not included in the current list.

Retail investors must first pass a knowledge test and may purchase up to 300,000 rubles, roughly $3,700, per licensed intermediary per year. Qualified investors face no purchase limit.

However, owning these assets does not mean Russians can spend them freely. Crypto payments for goods, services, rent and other domestic transactions remain banned, with the ruble continuing to serve as the country’s legal tender.

Could Russia’s new rules Boost Bitcoin’s Demand?Russia’s new crypto rules could increase demand for Bitcoin, especially as businesses and large investors gain more ways to use digital assets.

Sberbank expects regulated crypto exchanges to handle up to 4 trillion rubles (about $46.4 billion) in trading volume in their first year. 

The bank also plans to accept Bitcoin, Ethereum and USDT as collateral for corporate loans, which could bring more institutional money into the market.

If adoption continues, crypto trading volume in Russia could reach $87 billion by 2029.

Digital Ruble Rollout Starts Alongside Crypto LawThe new crypto rules are part of Russia’s wider digital money push. 

Major banks must offer digital ruble wallets, while retailers earning more than 120 million rubles a year must accept payments in the digital ruble.

Story Ends Here

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Kripto para piyasasında büyük yatırımcıların hareketleri yeniden gündeme geldi. Son zincir üstü veriler, kurumsal yatırımcıların Bitcoin ve Ethereum tarafında yüz milyonlarca dolarlık transfer gerçekleştirdiğini gösteriyor. Özellikle merkezi borsalara yapılan yüksek miktarlı ETH transferleri ile Metaplanet’in Coinbase Prime işlemleri dikkat çekiyor.

On-chain verilere göre kimliği açıklanmayan bir kurum, son iki gün içinde toplam 52.739 ETH’yi Binance ve OKX’in de bulunduğu altı merkezi kripto para borsasına taşıdı. Transfer edilen Ethereum’ların toplam değeri yaklaşık 129 milyon dolar seviyesinde bulunuyor.

Ethereum Balinaları Neden Borsalara Transfer Yapıyor? Söz konusu kurumun transferleri, Ethereum tarafındaki en dikkat çekici işlemler arasında yer alıyor. Adreslerde hâlâ 101.561 ETH bulunuyor ve bu varlıkların güncel değeri yaklaşık 249 milyon dolar olarak hesaplanıyor.

Zincir üstü geçmiş, bu Ethereum’ların önemli bir bölümünün 2021 ve 2022 yıllarında Coinbase’den ortalama 1.700 dolar maliyetle çekildiğini ortaya koyuyor. Kurum, varlıkları 2023 yılında staking amacıyla Ethereum ağına yatırdı ve geçen yıl ocak ayında staking pozisyonlarından çıkardı.

Son iki günde ise ETH’ler önce iki farklı cüzdanda bir araya getirildi. Ardından varlıkların farklı merkezi borsalara aktarılması, kripto para yatırımcılarının dikkatini çekti.

Borsalara yapılan büyük transferler tek başına satış anlamına gelmese de yatırımcıların piyasa analizi yaparken izlediği önemli zincir üstü göstergeler arasında bulunuyor.

Cumberland Ethereum’ları Borsadan Çekti Kurumsal kripto işlem şirketi Cumberland’ın işlemi ise aynı dönemde farklı bir tablo ortaya koydu. Şirket, Binance’den yaklaşık 37,66 milyon dolar değerinde 15.390 ETH çekerek söz konusu varlıkları borsa dışındaki cüzdanlarına taşıdı.

Bu işlem, Cumberland’ın Binance üzerindeki Ethereum varlıklarının bir bölümünü kendi saklama adreslerine aktardığını gösteriyor. Böylece aynı zaman diliminde bir kurum merkezi borsalara yüksek miktarda ETH gönderirken, Cumberland Ethereum’larını borsadan uzaklaştırdı.

Bu farklı yönlü hareketler, büyük yatırımcıların kripto para piyasasında aynı stratejiyi izlemediğini ortaya koyuyor. Dolayısıyla tek bir transfer üzerinden piyasanın yönü hakkında kesin sonuç çıkarmak yerine işlem hacmi, cüzdan hareketleri ve fiyat verilerini birlikte değerlendirmek gerekiyor.

Metaplanet 186 Milyon Dolarlık Bitcoin Taşıdı Bitcoin tarafında ise Japon yatırım şirketi Metaplanet’in işlemleri öne çıktı. Şirket, son transferinde yaklaşık 186 milyon dolar değerindeki 2.400 BTC’yi Coinbase Prime’a gönderdi.

Bu işlem, Metaplanet’in gerçekleştirdiği en büyük tek seferlik Bitcoin transferi olarak kayıtlara geçti. Şirketin Coinbase Prime’a son bir hafta içinde gönderdiği toplam Bitcoin miktarı ise yaklaşık 7.200 BTC’ye ulaştı.

Bu transferlerin toplam değeri yaklaşık 720 milyon dolar olarak hesaplanıyor. Söz konusu miktar, Metaplanet’in yaklaşık 43.000 BTC’den oluşan Bitcoin rezervinin yüzde 17’sine denk geliyor.

Metaplanet’in bu büyüklükteki hareketi, kurumsal yatırımcıların Bitcoin stratejilerinin yakından takip edilmesine neden oluyor. Özellikle yüksek miktarlı BTC transferleri, piyasadaki arz ve potansiyel satış baskısına ilişkin değerlendirmelerde önemli bir veri olarak öne çıkıyor.

Kripto Balina Transferleri: Bitcoin Ve Ethereum’u Etkiler Mi? Son işlemler Bitcoin ve Ethereum tarafında balina hareketliliğinin oldukça yüksek olduğunu gösteriyor. Ancak merkezi borsalara gönderilen varlıkların doğrudan satılacağını veya borsadan çıkarılan coinlerin kesin olarak uzun vadeli tutulacağını söylemek mümkün değil.

Bu nedenle yatırımcıların yalnızca transfer büyüklüğüne bakmak yerine işlemin yönünü, geçmiş cüzdan hareketlerini ve ilgili kurumun önceki davranışlarını birlikte incelemesi gerekiyor. Son veriler, kurumsal aktörlerin aynı anda hem borsalara hem de borsa dışı cüzdanlara milyarlarca dolara yaklaşan ölçekte hareketlilik getirdiğini ortaya koyuyor.

Kripto para balinalarının yeni işlemleri, Bitcoin ve Ethereum fiyatlaması açısından önümüzdeki dönemde de önemli bir takip göstergesi olabilir.

Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Injective: No Attack Occurred, Partial Validators Temporarily Jailed Due to Accelerated Upgrade

Injective officials announced that community contributors coordinated an accelerated network upgrade yesterday. As the time required for all validators and ecosystem infrastructure to complete the upgrade exceeded expectations, some validators were temporarily jailed, leading to a temporary dip in the network’s staked amount. Several exchanges also temporarily suspended INJ deposits and withdrawals. Injective stressed that its blockchain network and INJ token remained fully secure throughout the process: the underlying protocol and consensus mechanism were not compromised, user and staked funds suffered no losses or risks, and the network continued processing transactions without any downtime. The official noted that the accelerated upgrade was triggered by attacks on a small number of binary options market applications within the Injective ecosystem. The incident only impacted those applications, and did not exploit the Injective blockchain, protocol, native assets, or consensus mechanism. The attack vector has since been contained and repaired. Injective added that its team is deploying enhanced security mechanisms, real-time monitoring systems, and additional protective measures to identify abnormal activities earlier and reduce the risk of similar incidents recurring.

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Bitcoin kicked off September on a weak note, falling below $78,000. Since 2013, September has been Bitcoin’s worst-performing month on average, with an average decline of around 3% and only five monthly gains, earning it the market nickname "Rektember". However, Bitcoin has posted gains in each of the past three Septembers. It rallied roughly 25% in August, its strongest monthly performance since November 2024, and may face short-term consolidation or even correction pressure. The macroeconomic environment is also weighing on assets. After Federal Reserve Chair Waller delivered hawkish signals at the Jackson Hole Economic Symposium, global bond markets sold off, pushing the U.S. 10-year Treasury yield to as high as 4.784%. Markets currently assign a roughly 66% probability of a 25-basis-point rate hike by the Fed on September 16, and are pricing in potential additional hikes this year. Higher interest rates typically tighten financial conditions, boost the U.S. dollar, and weigh on risk assets like Bitcoin. Meanwhile, persistent tensions in the Middle East have lifted oil prices, with WTI crude trading near $88 per barrel, while gold fell more than 2% on Tuesday. Traditional markets also face seasonal headwinds: since 1975, September is the only month with a negative average performance for the S&P 500 index.

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Cryptocurrency prices are broadly consolidating on Tuesday, after the uptrend stalled amid renewed geopolitical tensions in the Middle East last weekend. Bitcoin (BTC)n hovers above $78,000 support as bulls struggle to extend gains. Meanwhile, Ethereum (ETH) and Ripple (XRP) mirror Bitcoin’s neutral-to-bullish outlook, trading above key support levels at $2,400 and $1.35, respectively.

Institutional demand persists as BTC, ETH and XRP consolidateAppetite for risk assets has remained relatively elevated in recent weeks, aligning with strong market sentiment. Based on the Fear & Greed Index, sentiment holds at 69 on Tuesday, improving slightly from 62 the previous day.

This suggests investor greed against the backdrop of last month's fear. If sustained, higher demand for digital asset investment products could cushion headwinds and raise the odds of a renewed recovery.

Crypto Fear & Greed Index | Source: AlternativeBitcoin spot Exchange-Traded Funds (ETFs) saw roughly $217 million in inflows on Monday, following outflows of $202 million last Friday. Cumulative inflows currently stand at $55 billion, while net assets under management average $100 billion, according to SoSoValue.

Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs have printed an extended bullish streak, with inflows totaling $88 million on Monday. Cumulative inflows are now at $13 million, up from $11 million on August 17. This shows that demand remains steady as institutional investors increase exposure.

ETH/USDT daily chartXRP spot Exchange-Traded Funds (ETFs) notched a tenth straight day of inflows, adding nearly $6 million on Monday. Cumulative inflows have reached $1.66 billion, with average net assets under management holding steady at $1.45 billion.

XRP ETF flows | Source: SoSoValueTechnical Analysis: Bitcoin maintains sideways action Bitcoin trades at $78,324, extending its advance well above the main Exponential Moving Averages (EMAs) and keeping a clear bullish near-term bias, suggesting a well-supported uptrend despite the latest consolidation off recent highs.

The Relative Strength Index (RSI) near 70 hovers just below overbought territory, while the Moving Average Convergence Divergence (MACD) indicator remains positive, hinting that bullish momentum is still present but becoming more measured.

BTC/USDT daily chartOn the downside, the first meaningful support zone is the 50-day EMA around $70,046, followed by the 100-day EMA at $69,086, where buyers could defend the broader trend if a deeper pullback unfolds. Further below, the 200-day EMA at $72,351 would act as a more strategic medium-term floor in a larger corrective phase, keeping the overall structure constructive as long as BTC holds above these moving-average layers.

Altcoins technical analysis: Ethereum and XRP face a capped upsideEthereum maintains a bullish near-term bias as price holds well above the 50-day, 100-day and 200-day EMAs, clustered between roughly $2,045 and $2,170, which collectively underpin the advance. The Relative Strength Index (RSI) around 68 remains in bullish territory, close to the overbought threshold, while the MACD has flattened near the zero line, suggesting upside momentum is positive but losing some intensity.

ETH/USDT daily chartImmediate support is at the current pivot area around $2,458, with a deeper cushion from the EMA 200 at $2,168, the EMA 50 at $2,117, and the EMA 100 at $2,047, forming a broad structural demand zone on pullbacks. With no nearby technical resistance on the daily chart, any continuation of the uptrend would likely be driven by fresh buying pressure, although the elevated RSI warns the pair could first consolidate or correct toward the EMA cluster before attempting new highs.

XRP holds above the 200-day EMA at $1.35, keeping the broader structure supported despite the recent pullback from the highs. Shorter-term trend metrics remain constructive, with the 100-day EMA at $1.21 and the 50-day EMA at $1.21 well below spot, while the RSI at 61 suggests bullish but not overextended conditions. By contrast, the MACD has slipped marginally negative, hinting at waning upside momentum rather than a clear trend reversal at this stage.

XRP/USDT daily chartOn the downside, initial support is at $1.37, acting as a near-term pivot, ahead of stronger structural demand at the 200-day EMA around $1.35. A deeper correction would expose the next support band formed by the clustered 100-day and 50-day EMAs in the $1.21 zone. With no significant upside technical reference levels immediately overhead on the daily chart, price action around $1.37-$1.35 will be critical. Holding above the 200-day EMA would keep the bullish bias intact, while a daily close below it would signal a broader loss of trend support.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.

Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.

Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.

The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.