The expansion is contingent on new crypto rules taking full effect and the Bank of Russia permitting the assets for public circulation.
Sberbank plans to accept bitcoin, Ethereum and the Tether stablecoin as loan collateral after the Bank of Russia permits the assets for public circulation and the country’s new crypto rules take full effect.
Anatoly Popov, deputy chairman of Sberbank’s management board, outlined the plan in an interview excerpt published by TASS. He said the bank would adapt its existing products to the new requirements and then expand its range of crypto-backed loans.
Popov separately said Sberbank was seeing demand from businesses, particularly miners and companies for which crypto represents a significant part of their assets. Their main request was to obtain liquidity without selling bitcoin, according to a second TASS excerpt.
Popov also said improved methods for valuing digital collateral could open the product to a broader group of clients.
Sberbank Has Tested Crypto CollateralSberbank has previously conducted a pilot transaction using crypto as loan security. In December 2025, the bank made a pilot corporate loan to Russian mining operator Intelion Data, with digital currency mined through the company’s own computing infrastructure serving as collateral, according to Intelion’s account.
The bank used its own crypto storage system and a Rutoken hardware device to safeguard the pledged asset during the loan. Popov said the pilot tested mechanisms for working with digital collateral that could support future regulation and be relevant to miners and other companies that own crypto assets.
The new statement adds a defined prospective asset list — bitcoin, Ethereum and Tether — but ties acceptance of all three to the central bank’s public-circulation decision and the implementation of the new rules.
Direct Regulation Replaced the Experimental RouteThe framework behind the proposed expansion is direct regulation, not the experimental legal regime discussed earlier in Russia’s policy process. In December 2025, the Bank of Russia said it had abandoned the experiment because it did not have time to run a trial and then spend additional years developing a permanent system.
The resulting law will take effect Sept. 1. The central bank said the regulated market infrastructure will include existing financial institutions as well as crypto exchanges and digital repositories, and that the requirements for cryptocurrencies will also apply to foreign stablecoins.
Russia will continue to prohibit crypto payments within the country. Market participants have a transition period through July 1, 2027, to obtain licenses and bring their operations into compliance.
Sberbank tied the planned collateral expansion to two conditions: all provisions of the new regulation taking effect and the Bank of Russia permitting bitcoin, Ethereum and Tether for public circulation.
Charles Schwab is expanding its crypto platform beyond Bitcoin and Ethereum, adding support for Solana, Avalanche, and Chainlink exposure, according to validated platform materials.
The move is notable because Schwab is not a crypto-native exchange. It is one of the largest brokerage names in US finance, and its product decisions can shape how traditional investors access digital assets.
The expansion suggests that regulated investor demand is moving beyond the two largest crypto assets.
Bitcoin and Ethereum remain the core institutional products. But Solana, Avalanche, and Chainlink are now being treated as liquid enough, recognizable enough, or strategically relevant enough to enter the next layer of brokerage crypto access.
For more details, visit the official Schwab platform.
TL;DR Charles Schwab is expanding crypto access beyond Bitcoin and Ethereum. Solana, Avalanche, and Chainlink are being added to the platform. The move should not be described as a spot ETF launch or custody approval unless Schwab’s materials say so. Why Schwab Matters Schwab brings traditional-market credibility.
When a major brokerage expands crypto access, it can lower the barrier for investors who do not want to use offshore exchanges, self-custody, or complex wallet setups. That matters because many investors prefer familiar account infrastructure.
Schwab’s move also helps normalize crypto as a broader asset class.
Bitcoin and Ethereum were the obvious starting points. Adding more assets suggests the platform sees demand for exposure beyond BTC and ETH.
That is a meaningful shift.
Solana, Avalanche And Chainlink Offer Different Narratives The three added assets are not interchangeable.
Solana is a high-throughput smart contract network with a large retail and DeFi ecosystem. Avalanche has focused heavily on subnets, institutional deployments, and tokenized asset infrastructure. Chainlink provides oracle and cross-chain data services used across many crypto applications.
Together, they give investors exposure to different parts of the digital asset market.
That may be the point. A broader platform can let investors express views on smart contracts, tokenization, infrastructure, and cross-chain data rather than only holding the two largest assets.
Not The Same As ETF Approval The distinction is important.
Platform support does not mean the SEC has approved spot ETFs for all three assets. It does not necessarily mean Schwab is offering direct custody in every possible sense. The exact product structure matters.
Investors need to understand whether they are trading spot crypto, accessing exposure through a specific wrapper, or using another product type.
The headline is access expansion. The details determine what kind of access.
Brokerage Distribution Could Shape Altcoin Demand If major brokerage platforms keep expanding crypto menus, the altcoin market could change.
Many investors currently access smaller crypto assets through exchanges. Brokerage access could bring a different kind of buyer: retirement-account investors, advisory clients, portfolio allocators, and retail traders who prefer traditional platforms.
That may increase liquidity and visibility for supported assets.
But it may also create a sharper divide. Assets supported by major brokerages could gain legitimacy, while unsupported tokens may remain more purely crypto-native.
The Clean Read Schwab’s expansion is another sign that crypto access is moving into mainstream financial platforms.
Bitcoin and Ethereum are no longer the whole conversation. Solana, Avalanche, and Chainlink are being pulled into the next wave of brokerage-supported digital asset exposure.
The move does not settle regulatory questions. It does not guarantee demand. It does not turn every altcoin into an institutional asset.
But it does show that one of the biggest names in brokerage is willing to widen the digital asset menu.
That matters for the market’s next phase.
This article is based on Charles Schwab platform materials and related public information.
This article was written by the News Desk and edited by Samuel Rae.
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are retreating from their recent highs, but experienced trader DonAlt says the first pullback after the explosive rally has yet to invalidate the bullish market structure.
Why Crypto Can Go "Sideways/Up"“Nothing’s really changed,” DonAlt said in a podcast on Aug. 29, noting that BTC’s weekly chart has barely deteriorated following one of its strongest recent upside impulses.
He argued that traders calling for an immediate return toward $70,000 to $72,000 may be overlooking the importance of momentum.
DonAlt expects Bitcoin to move "sideways slash up" unless reclaimed support breaks, with a deeper pullback likely leading to prolonged consolidation.
Trending
The $75,000 to $76,000 region represents Bitcoin’s first significant test.
Bitcoin could still retreat toward around $72,000 to $73,000 without destroying its weekly structure, according to DonAlt.
However, a monthly close below roughly $73,000 would be a more significant warning that the rally was simply a bounce into resistance.
Ethereum’s $4,000 Target, Solana Breakout IntactDonAlt is even more constructive on Ethereum, calling its technical structure one of the strongest among major cryptocurrencies.
"The more I look at this, the more bullish it seems to me," he said.
The trader sees $2,300 as key Ethereum support, with a break potentially leading to $2,100-$2,200 and extended consolidation. If $2,300 holds, he sees the breakout intact with $4,000 as a potential target.
On the other hand, Solana surged out of its previous range and approached DonAlt’s $125 target before pulling back. Despite the retreat, it remains above its important breakout region around $96.
A return below that area would weaken the setup, while the larger bullish thesis would face a more serious challenge closer to $80 to $81.
He highlighted Solana’s recent shift from a low to a higher low followed by a sharp upside impulse as materially different from its behavior during the preceding bear market.
Ran Neuner, a closely followed analyst in the cryptocurrency market, has made a noteworthy prediction for the altcoin market. Neuner believes that a new altcoin supercycle may be starting in the market following the break of a technical trend that has been ongoing for approximately nine years.
Recently appearing on The Wolf of All Streets program, Run Neuer specifically discussed the Ethereum/Bitcoin (ETH/BTC) pair, stating that the technical breakout in this pair could be a significant signal for the altcoin market.
Nine-Year Trend Broken on the Ethereum/Bitcoin Front! The analyst’s assessment of the altcoin cycle centers around the ETH/BTC chart.
At this point, the analyst notes that the ETH/BTC pair has significantly broken its downtrend, which has lasted for about nine years. According to Neuner, this development indicates that the long-term weakness of altcoins against Bitcoin may be beginning to end.
“On the weekly chart, after a 9-year downtrend, we are now seeing an upward breakout.”
Altcoin Opportunity May Be Bigger Than Bitcoin’s! The analyst notes that altcoins may have higher return potential following Bitcoin’s rise.
In this context, the analyst argues that the recent movement in Bitcoin could be the beginning of a new bull market, but the real high-yield opportunity may lie in altcoins.
He Revealed the Altcoins He Owns! The analyst first argues that in the new era, investors should focus not only on projects that were popular in the past, but also on blockchain projects that have real use cases and a growing user economy.
At this point, Neuer states that he holds Bitcoin, Ethereum, Solana, Hyperliquid, and several other altcoins.
Neuer also highlighted some altcoins. He specifically named Solana and Ethereum as the two winners of the L1 battle, stating, “I wouldn’t invest in any other L1 because I don’t think there’s any upside potential in L1s.”
The analyst also cited Hyperliquid, an altcoin, as one of the strongest active use cases in the crypto world, stating that he directly holds it due to its token economy and exchange functionality.
Neuer’s boldest individual opinion focuses on Zcash, a privacy-focused cryptocurrency that recently gained ETF support. He argued that Zcash could become a dominant form of private money.
Neuer said, “I think Zcash has the potential to go up 10 times, maybe even 100 times, from here.”
The analyst also highlights altcoins such as Lighter (LIT – his second-highest choice in the perpetual trading space), Bittensor (TAO – viewed as an AI investment in crypto), NEAR Protocol (NEAR – held due to its privacy connection with Zcash), and Ethena (ENA – included in his portfolio based on his stablecoin and bull market thesis).
*This is not investment advice.
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Monero ($XMR) has posted its strongest monthly performance in more than four years, gaining over 45% in August 2026 and rising roughly 10% in a single 24-hour window. The last time the privacy-focused cryptocurrency delivered a comparable monthly gain was April 2021.
THORChain 3.20 Brings Native XMR Swaps The rally coincides with a significant protocol upgrade from THORChain. The timing matters:
That is a notable shift for Monero holders in particular.
Derivatives Market Signals Strong Demand The price action has been accompanied by a sharp move in derivatives markets. during the move, a dynamic that can amplify upward price momentum as bearish bets are forcibly closed.
The THORChain upgrade offers a structural reason for renewed interest beyond short-term speculation. A decentralized, non-custodial alternative for XMR swaps could help sustain demand if that trend continues.
According to DefiLlama data, Robinhood Chain’s 24-hour DEX trading volume hit ~$1.33 billion, marking four consecutive days of new all-time highs for daily volume. Its 7-day trading volume stood at ~$6.16 billion, with a week-over-week growth of roughly 79%. The $1.33 billion daily volume outpaced concurrent figures from Ethereum Mainnet ($993 million), BNB Chain ($962 million), and Base ($881 million), ranking second only to Solana ($1.86 billion). Notably, Robinhood Chain’s DeFi TVL is just $725 million—roughly 13% of Solana, Base, and BSC’s respective TVLs, and around 1.5% of Ethereum’s. However, driven by high meme coin trading activity, Robinhood Chain generated $1.07 million in chain fees over the past 24 hours, equal to the combined fees of Ethereum ($362,000) and Solana ($677,000) in the same period, making it the highest-fee chain across the network (excluding application layers). According to DefiLlama’s retained revenue calculations based on on-chain economic models, Robinhood Chain’s 24-hour revenue reached $963,000, far exceeding Ethereum ($70,000), Solana ($84,000), BSC ($44,000), and Base ($93,000)—three times the combined revenue of these other major public chains. This does not mean Robinhood’s overall ecosystem revenue has surpassed Solana or Ethereum, as DefiLlama’s on-chain revenue metric only measures network-level income. Robinhood Chain’s outlier revenue is essentially a result of the meme coin trading boom combined with its L2 sequencer economic model. Unlike Ethereum, Solana, BSC, and other chains, Robinhood Chain retains most user gas fees after covering Ethereum data costs and Arbitrum royalty splits, so network-level revenue is rapidly amplified when high-frequency meme coin trading surges.
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Three changes just hit the 21Shares Ethereum ETF and its four sister funds for Bitcoin, XRP, Dogecoin, and Polkadot. New SEC filings show new fund names, a new pricing source, and a new fee schedule.
Holders keep the same shares. Behind the label, however, the products start working differently on Thursday.
The three changes hitting 21Shares’ five US crypto funds this week. Source: BeInCryptoStaking Moves Into the Ethereum ETF’s NameStart with the names. On August 25, 21Shares renamed two funds in Delaware. The 21Shares Ethereum ETF became the 21Shares Ethereum Staking ETF. The Polkadot (DOT) fund became the 21Shares Polkadot Staking ETF. Five 8-K filings published this week confirmed the changes.
Not every fund got a new name. The Bitcoin (BTC) fund, run with Cathie Wood’s ARK Invest, stays ARKB. The XRP and Dogecoin (DOGE) funds keep their names too.
The Ethereum fund has staked its ether since earlier this year and publishes a reward schedule. So the rename changes the label, not the machine. Yield is now the headline feature, written into the product’s legal name.
That label matters because the yield race is crowding fast. BlackRock launched a separate staked fund, ETHB, on February 18. Its original spot fund, ETHA, still does not stake. Fidelity went further on August 10. It filed to stake FETH’s ether and pay holders quarterly cash. Investors keep 85% of those rewards, while fees take the rest.
Big money has noticed. Intesa Sanpaolo, Italy’s largest bank, cut its Bitcoin fund stake by 94% last quarter and tripled its staked-Ethereum position. Recent flow data tells the same story. Buyers are chasing yield over price.
New FTSE Pricing and Quarterly Fees Land ThursdayThe second change is the price feed. From Thursday, August 27, all five funds will value shares using FTSE indices. FTSE Russell is the London Stock Exchange Group arm behind the Russell 2000.
The switch follows 21Shares ending its CF Benchmarks license. Those CME-branded rates expire for the funds on August 31.
That is a quiet break from an industry standard. CF Benchmarks’ rates still anchor IBIT, BlackRock’s giant Bitcoin fund. Even ETHB, BlackRock’s staked fund, prices against a CME CF rate. The benchmark sets each fund’s daily net asset value, so the switch touches every holder’s statement.
The third change is fees. 21Shares will now collect its sponsor fee at least quarterly instead of weekly. Payment stays in coins, from Bitcoin to DOT.
One caution belongs next to the shiny new names. Staked ether can take weeks to exit a crowded withdrawal queue, a gap raised around Morgan Stanley’s Ethereum ETP. Thursday’s flows will show whether yield on the label wins the money.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Ethereum developers have issued an alert for L1 contract users on the ETH mainnet as the Glamsterdam upgrade progresses.
In a recent post, the Ethereum Foundation gave a heads-up for anyone maintaining L1 contracts ahead of the Glamsterdam upgrade scheduled for Q4 2026.
Heads-up for anyone maintaining L1 contracts:
→ The Glamsterdam upgrade will include gas repricings (EIP-8037, EIP-8038) that shift state creation and access costs.
→ Most contracts are unaffected, but a small set may break or degrade without updates. Affected contracts rely on…
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— Ethereum Foundation (@ethereumfndn) August 25, 2026 The Glamsterdam upgrade will include gas repricings (EIP-8037, EIP-8038), which will shift state creation and access costs.
While most contracts are unaffected, Ethereum developers warn that a small set may break or degrade without updates. Affected contracts rely on assumptions that the new schedule changes, such as hardcoded gas values.
EIP-8037 and EIP-8038, both anticipated for inclusion in the Glamsterdam upgrade, will modify the cost of creating and accessing state, allowing gas costs to better reflect the actual work required for each operation.
Replaying historical mainnet transactions under the new schedule reveals that a tiny set of smart contracts rely on assumptions the new schedule shifts, potentially causing these contracts to break or degrade without preventative upgrades.
The bulk of highlighted concerns are resolved with an increase in the gas limit, and the large majority of smart contracts remain unaffected, while direct outreach to the most-affected builders is already underway.
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Gas prices for state operations were last adjusted in the Berlin fork in 2021, following which Ethereum's state has grown significantly.
Repricing state operations to reflect their actual cost is a prerequisite for increasing the gas limit further. The new schedule is derived from a performance target that supports roughly a 3x increase in base throughput.
About GlamsterdamEthereum's upcoming Glamsterdam upgrade aims to pave the way for the next generation of scaling. Glamsterdam is named from the combination of "Amsterdam" (execution layer upgrade) and "Gloas" (consensus layer upgrade).
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Following the Fusaka upgrade, Glamsterdam focuses on scaling the L1 by reorganizing how the network handles transactions and manages its huge database, substantially changing how Ethereum generates and verifies blocks.
Ethereum’s next big upgrade is Glamsterdam, currently planned for Q4 2026. It includes protocol changes designed to make larger blocks easier to process and prepare Ethereum for substantially higher L1 throughput. Ethereum developers have identified a post-upgrade gas limit around 200 million as a target, compared with 60 million today.
What makes this upgrade so important? Ethereum by far has the largest developer base in the blockchain space, but its speed and cost still lag.
With on-chain activities exploding across every vertical, high-performance chains have become serious destinations for trading, payments and consumer applications.
Heads-up for anyone maintaining L1 contracts:
→ The Glamsterdam upgrade will include gas repricings (EIP-8037, EIP-8038) that shift state creation and access costs.
→ Most contracts are unaffected, but a small set may break or degrade without updates. Affected contracts rely on…
— Ethereum Foundation (@ethereumfndn) August 25, 2026 More Usable L1 Capacity Federico Variola, CEO of Phemex, sees decentralized trading as one of the areas where Ethereum’s next steps could prove particularly important.
“As regulators are increasingly forced to engage with decentralized exchanges such as Hyperliquid, it will be very important for Ethereum to remain decentralized while also offering a reasonable level of speed and avoiding high costs.”
Applications such as decentralized exchanges place unusually heavy demands on blockchains because users expect fast execution, deep liquidity and costs low enough to support frequent transactions.
Ethereum has addressed much of this demand through Layer 2 networks. Variola describes the results as mixed.
“There has been meaningful progress, but there have also been many failures over the past few years, and these have drained a significant amount of capital and activity from the Ethereum ecosystem.”
Ethereum already doubled its gas limit from roughly 30 million in early 2025 to 60 million following successive protocol improvements. Developers are now preparing the network for another much larger increase.
Variola believes decentralized exchanges could become an important measure of whether this effort succeeds.
“For ETH, I think the next major battle will be creating the conditions for decentralized exchanges to flourish, especially as regulators begin engaging more seriously with these instruments.”
The challenge is therefore to turn higher capacity into consistently faster and cheaper execution while keeping validator requirements accessible.
The Hardware Problem of Higher Throughput Increasing Ethereum’s gas limit creates an obvious engineering hurdle. Bigger blocks give applications more execution capacity, while validators need enough computing power to process those blocks within Ethereum’s fixed slot times.
Ethereum itself identifies validator hardware as one of the constraints on L1 throughput. Increasing the amount of work contained in each block can eventually price smaller operators out of running nodes, concentrating validation among professional operators with more powerful machines.
Glamsterdam attacks the problem from several directions:
Block-Level Access Lists (EIP-7928) give clients advance information about which accounts and storage locations a block will touch, allowing more disk reads, transaction processing and state calculations to happen in parallel; Enshrined proposer-builder separation (ePBS) reorganizes how blocks are constructed and validated. Combined with Block-Level Access Lists, it is intended to help Ethereum process more data on L1 without increasing validator workloads as sharply; State-growth controls (EIP-8037) change the economics of creating a permanent state. Developers are targeting roughly 120 GiB of annual state growth even if the gas limit rises toward 200 million, helping keep node operation within reach of ordinary hardware; Longer-term zkEVM verification could allow validators to verify cryptographic proofs instead of re-executing every transaction, reducing the computational burden of higher throughput. In short, Ethereum’s L1 scaling effort depends on making execution more efficient.
🔥 Ethereum’s next upgrade could be much bigger than most people realize.
The upgrade is called Glamsterdam, and after a week-long core developer workshop in Svalbard, Ethereum contributors aligned on a bold target:
A 200M gas limit floor after Glamsterdam.
That number… pic.twitter.com/ojnbNITqjY
— Ethereum Daily (@ETH_Daily) May 5, 2026 The Role of Rollups on a Faster Ethereum A stronger base chain also changes the calculation facing applications that currently launch on rollups or their own chains.
Fernando Lillo Aranda, CMO at Zoomex, expects some applications to reconsider where they deploy as L1 economics improve.
“Stronger Layer 1 performance would certainly reduce some of the pressure that originally drove the adoption of rollups and app-specific chains. If the base layer becomes faster, cheaper, and more scalable, some applications may decide that deploying directly on the L1 offers a simpler and more efficient user experience.”
Direct L1 deployment removes several complications associated with operating across separate execution environments. Applications can access Ethereum liquidity and composability without asking users to move assets between networks or manage different chains.
Yet rollups provide capabilities that raw throughput alone cannot replace.
“Rollups and app-specific chains were not built solely to solve scalability – they also provide customization, dedicated execution environments, lower latency, and greater control over fees, governance, and application design,” Aranda said.
Ethereum’s roadmap still invests heavily in rollup capacity. PeerDAS and continued blob expansion increase the amount of data Ethereum can make available to L2 networks, allowing the base chain and rollups to expand together.
The likely result is a wider choice of deployment models. Applications that value maximum Ethereum composability may find L1 increasingly attractive, while high-frequency products and applications requiring custom execution can continue using rollups or dedicated chains.
Aranda sees those systems as complementary.
“A faster and more efficient base layer strengthens the entire ecosystem, while rollups and app-specific chains continue to deliver the flexibility and specialization that many applications and users require.”
Competition Has Grown Ethereum’s competition for developer attention is sometimes described more dramatically than the data supports.
Electric Capital’s live developer tracker currently records roughly 7,600 monthly active developers in the Ethereum ecosystem, compared with around 2,300 on Solana. Across the wider EVM ecosystem, the figure reaches approximately 10,000.
Ethereum therefore retains a substantial lead.
The competitive environment around those developers has changed considerably. Builders now have several established destinations offering inexpensive execution, high throughput and sizable user bases. Choosing Ethereum increasingly involves weighing its liquidity, security and developer ecosystem against execution characteristics available elsewhere.
Glamsterdam addresses this competition. Ethereum already has capital, applications, tooling and one of crypto’s deepest developer communities. Increasing L1 capacity gives those advantages a faster execution environment underneath them.
TLDR ETH is trading near $2,501 with RSI at 76 and Stochastic above 90, both flashing overbought conditions. The MACD histogram is sitting exactly at zero, showing momentum has stalled after a strong run. Retail traders are 70.3% long while top traders are only 57.4% long, a gap between crowd and smart money. A pullback to the $2,426–$2,463 support zone is seen as the most likely move over the next 5–10 days. Resistance sits at $2,552–$2,604, and clearing it opens the door to the upper Bollinger Band near $2,731. Ethereum is trading around $2,501 after a strong climb, but the chart is now showing signs of running out of short-term steam. Every major moving average sits below the current price, which keeps the broader trend intact.
The 50-day moving average is at $1,994 and the 200-day is at $2,019. Both are well under the current price, confirming the longer-term structure remains upward.
Shorter-term momentum readings tell a different story. The MACD histogram is printing exactly zero, which means buying and selling pressure are currently balanced.
The RSI is at 76, and the Stochastic %K is above 90. Both of these are classic overbought readings, suggesting buyers may be tired for now.
ETH is also trading in the upper two-thirds of its Bollinger Band, with the upper boundary at $2,731. There is room to climb, but a pause or dip often comes first in this kind of setup.
The next resistance band sits between $2,552 and $2,604. ETH would need fresh buying pressure to push through that zone without a pullback first.
Ethereum Price on CoinGecko Trader Positioning Diverges Retail traders are heavily positioned long, with 70.3% of the market betting on higher prices. Top-tier traders are less aggressive, sitting at 57.4% long.
That gap between retail and larger traders is worth watching. It suggests the crowd is more confident than the more experienced side of the market right now.
Buy and sell volume on the taker side are nearly split evenly. This means neither side is aggressively pushing price in one direction at the moment.
Open interest has grown 2.12% over the past 24 hours, reaching $6.1 billion. The funding rate is low at 0.0021%, which points to a calm rather than overheated market.
Possible Price Paths The most likely scenario, given a 65% probability, is a pullback into the $2,426–$2,463 range over the next 5 to 10 days. If that zone holds, the path toward $2,552 and eventually $2,731 stays open over the following 20 to 30 days.
A second scenario, with 35% probability, has ETH pushing straight through $2,552–$2,604 without a dip first. This would likely require a broader market catalyst, such as Bitcoin strength or new regulatory news.
The key level to watch is $2,426. A daily close below that would break the current uptrend structure, with the next support cluster near $2,166.
As of the latest one-minute reading, ETH was trading at $2,490.08, down 0.05% on the day.
Cardano founder Charles Hoskinson says the network will “win this fight,” as ADA rebounds 26% and criticism of the ecosystem grows louder. He also revealed that cooperation with Ethereum developers could produce a working integration within months.
The comments offer Hoskinson’s clearest answer yet to claims that Cardano is losing relevance.
Hoskinson Pushes Back Against Cardano CriticsDuring a recent interview on The Breakdown with David Gokhshtein, Hoskinson addressed mounting criticism of Cardano’s ecosystem directly.
That criticism has intensified following ADA’s sharp decline from previous market highs, alongside ongoing governance disputes and struggles affecting some ecosystem projects. Some observers have questioned whether Cardano can maintain its position among leading crypto networks.
“It’s 2026, and we’re still talking about Cardano. We’re still inviting Charles to conferences, treating Cardano as newsworthy, accepting its sponsorship money, and giving it airtime on podcasts. Then we wonder why this industry struggles for credibility. We deserve the reputation we have. No serious industry keeps rewarding irrelevance like this,” ARK Invest’s Lorenzo Valente previously noted on X.
Hoskinson rejected that narrative, continuing to encourage the community to focus on the network’s long-term potential rather than short-term price action. He has previously stated his ambition for ADA to eventually become the largest crypto by market cap.
“Don’t bet against me, we’re gonna win this fight,” Hoskinson said, responding to questions about the network’s ability to recover and compete going forward.
Follow us on X to get the latest news as it happens.
ADA price performance offered some support for his optimism. The altcoin gained roughly 26% over the last week, according to BeInCrypto data.
Beyond price action, Hoskinson pointed to concrete development work underway.
Ouroboros Leios aims to significantly increase Cardano’s transaction-processing capacity, while Hydra remains a key Layer-2 initiative designed to support faster, more efficient transactions as the network competes with Ethereum and Solana on scalability and adoption.
ADA Price Chart. Source: BeInCryptoCardano Founder Backs Collaboration With EthereumAfter years of rivalry, Hoskinson said Cardano and Ethereum developers should work together. He wants Ethereum to explore Cardano’s UTXO-based technology, which changes how transactions and smart contracts are processed.
He said the collaboration would require no funding or apologies over past disputes and could produce a working integration within months.
“… it’s not like we would just be like no we don’t want to work with you. We’d be actually that’s great for both ecosystems. This is a natural easy academic and engineering collaboration which requires no transfer of money, no apologies, just an acknowledgement and just an desire to work together,” Cardano founder noted.
For Cardano, such cooperation could give its technology a much larger stage. It would also help Cardano connect more closely with Ethereum and show that ideas developed within its ecosystem can have value beyond ADA’s price.
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Arthur Hayes, closely followed for his statements and predictions in the cryptocurrency market, made noteworthy assessments for Bitcoin and Ethereum, as well as Ethereum (ENA) and Ether.fi (ETHFI). Hayes argued that a new bull market has begun and stated that Maelstrom is taking maximum risk on all four assets.
Arthur Hayes, who stated that he expects a major rise in cryptocurrencies, argues that Bitcoin is poised for a parabolic increase.
In a recent interview on the Altcoin Daily YouTube channel, Hayes claimed that Bitcoin is likely to soon experience a full parabolic rise, and therefore now is the right time to hold the asset.
Hayes added that Bitcoin would quickly reach “hundreds of thousands of dollars” and that anyone worried about the Fed’s control over bond yields should own Bitcoin now.
Highlighting ENA! Hayes, who stated that he is optimistic about altcoins as well as Bitcoin, noted that base trading, which profits from the price difference between spot and futures markets, is beginning to revive, and said that this is a positive signal for the crypto market.
However, Hayes noted that interest rates are still too low.
Hayes stated that the reactivation of base trading could be particularly positive for Ethereum (ENA) and that ENA still holds significant upside potential.
In his latest blog post, Hayes stated that the Maelstrom fund is also in maximum risk mode and shared the altcoins in their portfolio.
“Bitcoin, Ethereum, Ethena and Ether.fi”
FLOP is an Important Part of a Blog Post! Hayes also dedicates a significant portion of his latest blog post to his new project, Flop Network.
They state that there is no pre-sale for FLOP, the token cannot be purchased, and useful activities on the testnet are required for the airdrop.
“…I repeat: there is no pre-sale. You cannot buy FLOP. Only those who participate in beneficial ways are eligible. Stay tuned for more information about the airdrop…”
Therefore, FLOP should not yet be considered an existing market position like ENA or ETHFI. Hayes positions it more as a new project to be established at the beginning of a new bull market.
*This is not investment advice.
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The crypto market will welcome tokens worth around $1.5 billion in the first week of September 2026. Major projects, including Hyperliquid (HYPE), Ethena (ENA), and Sui (SUI), will release significant new token supplies.
These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch.
1. Hyperliquid (HYPE)
Unlock Date: September 6
Number of Tokens to be Unlocked: 9.92 million HYPE
Released Supply: 464.91 million HYPE
Total Supply: 1 billion HYPE
Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain. It offers high-performance trading with low latency, on-chain order books, and sub-second transaction finality.
On September 6, the team could unlock 9.92 million tokens worth $797 million. Tokenomist noted that this is a long-range estimate. The tokens account for 2.37% of the released supply.
HYPE Crypto Token Unlock in September. Source: TokenomistThe team has allocated the unlocked supply to core contributors. Tokenomist pointed out that HYPE has historically claimed far fewer tokens than its projected unlock amounts.
2. Sui (SUI)
Unlock Date: September 1
Number of Tokens to be Unlocked: 13.53 million SUI
Released Supply: 4.08 billion SUI
Total supply: 10 billion SUI
Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications (dApps). It also distinguishes itself with an object-centric data model and the Move programming language, which seeks to address inefficiencies in existing blockchain architectures.
On September 1, the network will release 13.53 million SUI into the market, continuing its trend of cliff unlocks at the beginning of the month. The tokens are worth $9.73 million. Moreover, they represent 0.33% of the current released supply.
SUI Crypto Token Unlock in September. Source: TokenomistThe network will split the unlocked altcoins 3 ways. Early Contributors will gain 7.47 million tokens. In addition, Community Reserve will receive 4 million tokens. Lastly, Mysten Labs Treasury will get 2.07 million SUI.
3. Ethena (ENA)
Unlock Date: September 2
Number of Tokens to be Unlocked: 40.63 million ENA
Released Supply: 8.9 billion ENA
Total Supply: 15 billion ENA
Ethena is a synthetic-dollar protocol built on Ethereum (ETH). Its flagship product is USDe, a synthetic-dollar stablecoin. Furthermore, ENA is the protocol’s governance token.
The team will release 40.63 million ENA tokens on September 2. The tokens, worth $6.05 million, account for 0.46% of the released supply.
ENA Crypto Token Unlock in September. Source: TokenomistEthena will award the entire supply to the Foundation.
In addition to these three, EigenCloud (EIGEN), Gunz (GUN), and GoPlus Security (GPS) will also experience new supply entering the market in the first week of September.
Robinhood Chain recorded $2.66 million in application revenue over 24 hours on Aug. 31, according to a rolling DeFiLlama dashboard.
Summary
Robinhood Chain recorded $2.66 million in rolling daily app revenue during the cited DeFiLlama snapshot. That snapshot placed Robinhood Chain above Hyperliquid, Ethereum and Base for aggregated application revenue temporarily. GMGN, Pons and Uniswap generated approximately 93% of Robinhood Chain’s measured daily application revenue combined. Rolling twenty-four-hour figures change continuously as new activity enters and older transactions leave calculation windows. App revenue measures earnings retained by protocols, not revenue received directly by Robinhood’s corporate business. The reading placed the network above Hyperliquid L1 at $1.71 million, Ethereum at $1.57 million and Base at approximately $439,252. Robinhood Chain’s total was roughly 6.1 times Base’s figure during the same snapshot.
The dashboard had shown lower totals earlier in the day. That difference reflects the rolling measurement window rather than a correction or separately reported financial result.
Robinhood Chain app revenue led the snapshot DeFiLlama’s dashboard aggregates revenue retained by applications operating on each network. Its Robinhood Chain reading increased 201% from the previous week and reached $23.23 million over 30 days.
Roobinhood chain, source: DefiLlama’ However, the 30-day comparison presented a different ranking. Hyperliquid L1 recorded $53.6 million, while Ethereum generated $52.03 million. Robinhood Chain therefore led the daily snapshot but remained behind both networks over the longer period.
The comparison also does not mean Robinhood Markets earned more revenue than Ethereum or Hyperliquid. Application revenue belongs to individual protocols and may include several measurement methods, depending on how each service collects fees.
Three applications generated about 93% of revenue GMGN led Robinhood Chain applications with approximately $1.11 million in 24-hour revenue. DeFiLlama defines that figure as trading fees retained by GMGN after referral commissions. Its EVM referral deduction is partly estimated using the rate measured on Solana.
Pons followed with approximately $1.03 million. Its total includes launch fees and portions of swap fees retained by the protocol. Uniswap ranked third with about $327,707.
Together, the three applications generated nearly $2.47 million, equivalent to approximately 93% of Robinhood Chain’s reported total. The concentration shows that the daily result depended heavily on trading bots, token launches and decentralized exchange activity.
Pons has been expanding its Robinhood Chain presence through an ETH-based bonding curve and Uniswap v4 integration
App revenue differs from blockchain revenue Application revenue measures fees retained by protocols after payments to liquidity providers, referrers or other participants. It differs from gross user fees, transaction volume and revenue retained by the underlying blockchain.
DeFiLlama separately estimated Robinhood Chain’s own 24-hour revenue at about $963,612. Its definition covers transaction gas fees after Ethereum execution costs, blob costs and the Arbitrum Expansion Program share.
The distinction matters because Robinhood Chain is an Ethereum-compatible Layer 2 built with Arbitrum technology. Robinhood launched its public mainnet on July 1 for tokenized assets and decentralized financial applications.
Uniswap became one of its main liquidity venues at launch. In related coverage, crypto.news reported that cumulative tokenized-stock trading through Uniswap had surpassed $1 billion by Aug. 21.
Longer data will test whether the lead continues Robinhood Chain would need to maintain stronger seven-day and 30-day results before the daily reading could indicate a sustained change in network rankings. Daily revenue can rise sharply during token launches or periods of concentrated speculative trading.
Future assessments should examine whether revenue spreads across more applications, whether active users continue returning and whether transaction activity persists without short-term incentives. GMGN and Pons currently account for most of the total, making the network sensitive to changes in either platform.
The earlier $1.84 million reading and the later $2.66 million total demonstrate how quickly a rolling dashboard can change. Articles comparing networks should therefore identify the measurement time and avoid presenting the figure as a completed financial period.
Less than two months after its public mainnet launch, Robinhood Chain generated $2.66 million in app revenue over a single 24-hour period on August 30, placing it second only to Solana among decentralized finance platforms. That figure topped both Hyperliquid L1, which brought in $1.7 million, and Ethereum, which managed roughly $1.27 to $1.28 million in the same window.
Where the money came from Three applications accounted for approximately 88% of Robinhood Chain’s daily revenue haul. GMGN led the pack at $1.11 million, followed by Pons at $930,587 and Uniswap at $306,877.
GMGN and Pons are memecoin-focused trading tools. Uniswap’s presence at a distant third suggests that while established DeFi protocols are active on the chain, the real revenue engine right now is meme-driven trading volume. Analysts note the trajectory for RWA engagement is still developing, with current revenue largely driven by memecentric trading activities rather than substantive RWA use cases.
The economics of keeping fees in-house Robinhood Chain retains roughly 89% of the fees generated within its network. About 10% flows to the Arbitrum ecosystem, and less than 2% trickles down to Ethereum for settlement and data availability.
Two months in, early metrics look aggressive Robinhood Chain launched its public mainnet on July 1, 2026, built as an Ethereum Layer 2 using Arbitrum Orbit technology. In the weeks since, the chain has racked up over $3 billion in DEX volume and attracted a rapid inflow of bridged assets.
Robinhood has positioned the network as a home for tokenized stocks, stablecoin products, and onchain lending integrations. Real-world asset engagement remains in its early stages, with current revenue overwhelmingly driven by speculative trading activity rather than those RWA use cases.
What this means for the Layer 2 landscape Ethereum’s daily revenue landing below $1.3 million while one of its own Layer 2s pulled in more than double that amount illustrates one of the most debated dynamics in modular blockchain design. Robinhood Chain retaining nearly 90% of generated fees within 60 days of launch raises direct questions about Ethereum’s economic model, given the base layer captures less than 2% of the value flowing through its ecosystem.
Having a high-profile chain like Robinhood’s built on Orbit technology and sending 10% of fees back to the Arbitrum ecosystem validates the Orbit framework as a viable path for institutions looking to launch their own chains without building from scratch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood’s L2 network is no longer just a talking point. Robinhood Chain recorded $2.66 million in app revenue over a single 24-hour window on August 31, per DeFiLlama data.
That put it ahead of Hyperliquid L1 ($1.70M) and Ethereum ($1.28M). Only Solana, at $5.07 million, ranked higher.
For HOOD investors tracking the company’s on-chain bet, that number carries weight.
Three Apps Drove 88% of the Revenue The figures are not distributed evenly across the chain. Three protocols did most of the work. GMGN, a Telegram trading bot, led with $803K.
Pons, a launchpad and swap platform native to the chain, contributed $632K. Uniswap added $235K, its fee switch on Robinhood Chain went live on July 27, 2026.
Together, these three apps made up roughly 88% of all app revenue on the chain that day.
That concentration is a double-edged point. It shows the chain can attract high-fee activity. It also shows that the revenue base is still narrow.
GMGN and Pons draw memecoin and launchpad flow, not the tokenized stock plumbing Robinhood has spent months pitching publicly.
Robinhood CEO Vlad Tenev acknowledged as much in a July X post, writing that the chain “works great for memes too.”
Separate from app revenue, the chain itself netted $495K in gas revenue, after subtracting Ethereum L1 costs and the 10% Arbitrum Expansion Program share (8% to the Arbitrum DAO treasury, 2% to developer guild).
The Arbitrum Foundation collected $44K from the chain that day. That split matters for HOOD holders: the chain’s net gas revenue flows toward Robinhood, not ETH stakers or Arbitrum broadly.
Context keeps the snapshot honest. Hyperliquid still leads over longer windows.
Its 30-day app revenue stands at $53.41M, against Robinhood Chain’s $23.23M over the same stretch.
Ethereum’s 30-day figure is $45.8M. The August 31 flip is a daily spike, not a structural reversal. That distinction matters for investors who may read too much into a one-day chart.
Wall Street has already been adjusting its view of HOOD. Robinhood’s Q2 earnings and Wall Street price-target cuts followed a quarter where crypto trading revenue fell 38% year-over-year to $100M.
The onchain app fee line is shaping up as the replacement narrative, a take-rate stack that operates outside the brokerage spread compression dragging on the core business.
Robinhood Chain’s Broader Ambition, and the Gap Still to Close Robinhood Chain launched on July 1, 2026, as an Ethereum L2 built on the Arbitrum Orbit stack. Chain ID is 4663.
Blocks finalize in around 100 milliseconds. ETH is the gas token. Vlad Tenev said the chain hit 100 million transactions faster than any other EVM chain ever had.
The official pitch is real-world assets. Robinhood has been pushing stock tokens and tokenized equity from day one.
Platforms to trade tokenized stocks are multiplying fast, and Robinhood positioned its chain as the infrastructure layer for that wave.
By late August, Stock Token DEX cumulative volume crossed $1.5 billion, per a Robinhood Crypto post on X.
The competition is moving too. Coinbase’s Deribit exchange rolling out stock perps in August signals that equity-linked onchain trading is now an institutional priority, not just a retail experiment.
Meanwhile, Kraken’s launch of unified US stocks and xStocks trading in Europe shows that distribution, not just infrastructure, is where the race is being run.
One friction point remains for the HOOD bull case. Stock Tokens on Robinhood Chain are not available to US persons.
Robinhood’s core user base, the one that drove $1.31 billion in Q2 2026 revenue, sits outside the chain’s current RWA reach.
Goldman Sachs and other banks remain broadly positive on HOOD and COIN for H2.
Goldman’s cautiously optimistic crypto market stance on COIN and HOOD reflects conviction that the onchain revenue narrative holds even as brokerage volumes compress.
For now, the August 31 data point gives bulls a clean headline. Robinhood Chain outran Ethereum and Hyperliquid on app revenue for a day.
Whether that becomes a recurring pattern, or fades with launchpad volume, will determine whether the chain moves the needle on HOOD’s earnings story.
For decentralized borrowing and yield, see our roundup of DeFi lending platforms.
Bitcoin is trading at $78,796.58, Ethereum at $2,478.28 and XRP at $1.40 as traders brace for a week loaded with U.S. labor market data that could shape the Federal Reserve’s next policy move and, by extension, crypto’s near-term direction.
Current Market Snapshot
Bitcoin: $78,796.58, up 1.7% over 7 days, market cap $1.58 trillionEthereum: $2,478.28, up 0.7% over 7 days, market cap $299 billionXRP: $1.40, up 7.7% over 7 days, market cap $87.78 billionSolana: $106.44, up 12.0% over 7 daysBNB: $698.37, roughly flat over 7 daysThe Data Calendar Traders Are Watching
According to The Kobeissi Letter, six major economic releases are scheduled this week, with the labor market as the central focus for markets:
Monday: August Chicago PMI dataTuesday: August ISM Manufacturing PMI and Prices data, plus July JOLTS Job Openings dataWednesday: August ADP Nonfarm Employment dataThursday: August ISM Non-Manufacturing PMI and Prices dataFriday: July Jobs ReportWhy the Labor Market Is the Focus
Employment data carries outsized weight for crypto right now because it feeds directly into the Fed’s rate decision at the next FOMC meeting. A labor market that shows unexpected strength could reinforce the hawkish tone Fed Chair Kevin Warsh struck at Jackson Hole, keeping rate-cut expectations low and pressuring risk assets including Bitcoin, Ethereum and XRP.
Bitcoin’s Technical Setup
Bitcoin remains range-bound between support near $73,000-$75,000 and resistance in the $80,000-$82,000 zone, with a breakout above roughly $82,500 seen by technical analysts as the level needed to confirm a larger bullish trend shift on higher timeframes. A significant pocket of liquidation liquidity sits between $76,400 and $76,700, a level analysts have flagged as a likely near-term target if short-term weakness continues.
Ethereum and XRP Setups
Ethereum is holding above the $2,400 level, keeping its bullish breakout structure intact, with the next resistance zone at $2,750 to $2,800. XRP is testing support between $1.30 and $1.40 after rejecting resistance near $1.60 to $1.70, following an extended overbought signal that triggered the recent pullback. The current cooldown does not necessarily signal a reversal, but rather a reset before a potential resumption of the broader trend.
What It Means for the Week Ahead
With five separate labor and manufacturing data points landing between Monday and Friday, volatility across Bitcoin, Ethereum and XRP is likely to build heading into Friday’s Jobs Report, widely seen as the week’s most important release. How that data lands relative to expectations will likely determine whether crypto’s recent consolidation resolves to the upside or extends the current cooling-off period.
Story Ends Here
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Spot Bitcoin exchange-traded funds in the United States experienced $201.9 million in net outflows on August 28, halting a nine-day streak of consecutive inflows and reducing cumulative net inflows to approximately $55.1 billion.
Bitcoin ETF outflows after record runThe recent outflow arrived after a strong performance for Bitcoin ETFs, which had attracted $2.8 billion over the previous eight-day stretch. During this period, as Bitcoin approached $80,000, daily inflows repeatedly surpassed $300 million, reaching more than $600 million on August 20. The sharp reversal marked the end of one of the most robust runs for these funds, which now manage a combined $93.9 billion in net assets, according to SoSoValue.
Decrypt’s ETF flow tracker responded by updating its Bitcoin sentiment to “bearish” for the day, reflecting the broader market’s reaction to the cooling inflows.
An ETF is an investment fund that holds an underlying asset and allows investors to trade its shares on standard stock exchanges. A spot Bitcoin ETF holds actual Bitcoin, with each share offering a claim on a specific slice of the fund’s holdings. This structure provides mainstream investors with exposure to Bitcoin’s price without directly owning or storing the cryptocurrency.
U.S. spot Bitcoin ETFs only launched in January 2024 after years of regulatory delays, and since then, they have quickly grown into some of the most prominent and fastest-growing ETF products on the market.
Daily inflows and outflows for Bitcoin ETFs often mirror price volatility and shifts in macroeconomic conditions, making them a widely watched barometer of cryptocurrency market sentiment.
While Bitcoin ETFs saw investor withdrawals, U.S.-listed Ethereum ETFs recorded $102.1 million in net inflows on August 28. This marked their tenth consecutive day of positive flows, elevating cumulative net inflows to roughly $12.9 billion and bringing the total assets under management to $13.8 billion.
Decrypt’s ETF tracker maintained a “bullish” stance on Ethereum funds, underscoring the sustained demand. Notably, despite a significantly smaller asset base compared to their Bitcoin counterparts, Ethereum ETFs have recently managed to match or rival Bitcoin’s daily inflows.
The contrasting trends between Bitcoin and Ethereum ETFs have drawn attention as institutional and retail investors weigh the latest market developments and seek balanced exposure to both leading cryptocurrencies.
ETF TypeNet Flow on August 28Streak (Days)Cumulative Net InflowsTotal Net AssetsBitcoin-$201.9 million0 (Ended at 9)$55.1 billion$93.9 billionEthereum+$102.1 million10$12.9 billion$13.8 billionThe divergence in ETF flows coincided with remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium, described as “hawkish” by several market observers. His comments contributed to a pullback in Bitcoin prices, which had surged toward $80,000 before slipping, though Bitcoin managed to recover to near $79,000 over the weekend.
Despite the single-day outflow and the interruption of the record streak, market analysts indicate that overall institutional demand for spot Bitcoin and Ethereum ETFs remains solid. The outflow appears modest in the context of the tens of billions accumulated since the funds’ debut earlier this year, and does not yet point to a wider retreat in investor appetite.
Friday’s net outflow in U.S. spot Bitcoin ETFs ended a nine-day streak of inflows, even as Ethereum ETFs extended their winning run to 10 days, with both attracting billions in net assets since launching.
The evolving flows between Bitcoin and Ethereum funds continue to offer insight into changing investor preferences as the crypto market adapts to fluctuating sentiment and macroeconomic signals.
After an aggressive August breakout, Bitcoin is consolidating, but because it is still well above the 200-day moving average, the daily structure remains heavily biased in favor of buyers. After peaking just above $81,000, Bitcoin is currently trading at about $78,840. The move started at about $63,000, so Bitcoin gained almost 30% before facing significant resistance.
BTC/USDT Chart by TradingViewSellers have not produced a significant retracement despite multiple erratic sessions near $80,000. The recovery of the 200-day moving average continues to be the strongest technical development. The rapidly rising 20-day EMA has reached roughly $72,250, while this indicator is currently at about $72,180. Their convergence around $72,000 establishes a crucial support area.
Bitcoin's consolidation isn't stopping yetAdditionally, Bitcoin is trading well above its 50-day and 100-day moving averages, which are currently at $68,680 and $67,300, respectively. In addition to confirming the breakout's strength, the separation demonstrates how far Bitcoin has risen in a comparatively short amount of time.
HOT Stories
The RSI is still high at about 72.5. Bitcoin is still technically overbought even though it has decreased from its recent peak. This allows for more consolidation prior to another sustainable leg higher.
Both the most recent peak and Bitcoin's May high are located in the immediate resistance zone, which is between $80,000 and $82,000. Breaking $82,000 would provide a significant continuation signal in addition to removing the most obvious nearby technical barrier. $76,000–$77,000 is the first short-term support on the downside.
$72,000 would become more relevant with a deeper correction. The larger reversal continues as long as Bitcoin stays above its recovered 200-day average. Although chasing the price is becoming riskier due to the elevated RSI, the current sideways movement near $80,000 appears more like post-breakout consolidation than a confirmed reversal.
After one of its biggest breakouts of 2026, XRP is consolidating, and the most recent daily structure indicates that buyers are still in charge of the larger recovery despite the decline from $1.70. After rising from an intraday low of about $1.38, XRP is currently trading at about $1.41. The significant development is still that it is at about $1.35 above the 200-day moving average.
XRP stays on the bullish pathDuring the August surge, XRP firmly reclaimed this indicator, and it has since spent multiple sessions above it. Because of this, the $1.35 region is the chart's most crucial support. The claim that the prior long-term downward trend has been broken would be strengthened by a successful defense.
XRP/USDT Chart by TradingViewHowever, a daily close below it would put XRP at risk of a more severe correction. The shorter moving averages are still significantly lower. The 50-day average is close to $1.14, the 100-day average is at $1.21, and the 20-day EMA has accelerated to about $1.26.
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This significant gap illustrates how rapidly XRP rose from its August low of about $1.00. Momentum is also returning to normal. After moving well into overbought territory, the RSI is now close to 66. Because of this cooling process, XRP may have more room for a subsequent upside attempt without producing an extremely high momentum reading right away.
The first significant barrier is still between $1.45 and $1.50. After the initial breakout, XRP has had trouble sustaining its momentum above this region. Attention would move to $1.55 and ultimately the $1.70 spike high if $1.50 were cleared.
Technically speaking, XRP is still bullish above $1.35. A consolidation between that level and $1.50 would probably be preferable to another sudden vertical move, in order to allow the shorter moving averages to catch up with price.
Ethereum's strong positioningFollowing its August breakout, Ethereum is still in an exceptionally strong position, holding hundreds of dollars above its recently recovered 200-day moving average while consolidating around $2,470. ETH is currently trading close to $2,472 after rising quickly from about $1,900.
ETH/USDT Chart by TradingViewAlmost simultaneously, the breakout forced Ethereum through a number of resistance levels, including the declining 200-day moving average at $2,159. It is an important move. The 20-day EMA has risen to $2,225, while ETH is currently about 14% above its 200-day average.
At roughly $2,030 and $2,019, respectively, the 50-day and 100-day moving averages are still much lower. Breaking the long-term trend indicator is no longer Ethereum's immediate concern.
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Rather, buyers must build a solid structure above it and prevent the current consolidation from becoming a more significant retracement. The immediate resistance area is now between $2,500 and $2,550. This zone has been tested by several recent candles without resulting in a lasting breakout.
Additionally, volume increased sharply during the initial breakout before falling during the consolidation. Lower volume during a sideways phase is not inherently bearish, as it may suggest that aggressive selling has not followed the rally. The quickly rising 20-day EMA at $2,225 is currently the first significant dynamic support.
The 200-day average at $2,159 becomes the critical level below it. The present consolidation supports continuation as long as Ethereum stays above those levels. Breaking $2,550 would be the next sign that buyers are prepared to extend the August reversal.
Shiba Inu's long-term directionAfter its August comeback, Shiba Inu is still struggling with long-term resistance, but the most recent decline has moved SHIB into a support zone that may determine whether the rebound continues. Following a recent spike to roughly $0.00000620, SHIB is currently trading around $0.00000517.
SHIB/USDT Chart by TradingViewSHIB briefly rose above the 200-day moving average as a result of the move, but buyers were unable to hold that position. The indicator remains the biggest technical barrier on the daily chart and is currently located close to $0.00000571.
Because the 200-day average has served as long-term resistance during the larger downtrend, that failed breakout is significant. Before the market can establish a more convincing bullish reversal, SHIB needs to recover roughly $0.00000570–$0.00000580. The lower price is more favorable.
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The 100-day moving average is close to $0.00000498, and the 20-day EMA has risen to about $0.00000500. As a result, there is a concentrated support area directly beneath SHIB. At roughly $0.00000471, the 50-day moving average is lower. Consequently, the critical short-term level is now $0.00000495–$0.00000500.
By holding it, SHIB could consolidate above its medium-term trend indicators and prepare for another attempt at the 200-day average. Momentum has already considerably decreased. The RSI is currently at 54, which is lower than the overbought levels reached during the August surge.
As a result, SHIB has considerably more room to move in either direction without momentum becoming a limiting factor. For a rebound from $0.00000500, resistance would first appear between $0.00000540 and $0.00000555, followed by the critical $0.00000571 level.
Claude's paid usage tiers are criticized for deceptive wording: The $200 "20x" plan only grants 5 hours of access, with its weekly quota being three times that of the $100 tier.
According to Dongcha Beating AI Express, the quota issue with Anthropic’s Claude Max has reignited controversy on social media. The $100 Max 5x and $200 Max 20x are easily misinterpreted by their names as meaning the latter offers four times the quota of the former. However, Anthropic’s official documentation specifies that the “5x” and “20x” refer to usage limits per 5-hour windows. All paid plans also include weekly quotas, but Anthropic has not disclosed how these compare to the Pro plan’s weekly limit—a major source of user frustration. A recent reverse calculation by a Reddit user found that during the current temporary bonus period, Max 20x’s total weekly quota is only approximately 2.25 times that of Max 5x. Anthropic has even faced legal action over this. A proposed class-action lawsuit filed in June alleges that Max 20x’s actual total usage is just 6 to 8 times that of the Pro plan, while Max 5x is around 3.5 times. Under this framework, the weekly usage gap between the two tiers is also only about twice. The case remains ongoing, and the court has not yet ruled that Anthropic engaged in false advertising.
7 minutes ago
Binance will support cash dividend distributions for Qualcomm, PayPal, and Alphabet via bStocks.
According to an official announcement, Binance will support cash dividend distributions for Qualcomm (QCOM), PayPal (PYPL), and Alphabet (GOOGL) holders via its bStocks product for QCOMB, PYPLB, and GOOGLB token holders. After deducting applicable withholding taxes, fees, costs, and other related expenses, net dividends will be reinvested into the corresponding underlying securities, with users receiving dividends in the form of QCOMB, PYPLB, and GOOGLB bStocks respectively. Eligibility snapshots: QCOMB holders must hold relevant assets at 00:00 UTC on September 3, 2026; PYPLB and GOOGLB holders must hold their assets at 00:00 UTC on September 4, 2026. Spot trading for all three tokens remains unaffected, but QCOMB will suspend token conversions, deposits, and withdrawals at 23:30 UTC on September 2. PYPLB and GOOGLB will suspend their respective related services at 23:30 UTC on September 3, with services resuming after dividend distribution is completed.
7 minutes ago
Metaplanet has deposited 2,400 BTC, valued at approximately $186 million, into Coinbase Prime over the past three hours.
According to monitoring by on-chain analytics platform Lookonchain, Metaplanet has deposited 2,400 BTC (valued at approximately $186 million) into Coinbase Prime over the past three hours. Earlier, the company purchased 43,000 BTC at an average price of $96,191 per coin, with the total value of the holdings reaching around $3.48 billion.
7 minutes ago
Microduck surged more than 40% before quickly pulling back, now trading at $0.0145.
According to GMGN market data, the meme token microduck on the Robinhood Chain saw a rapid rally at midday. Its price surged from around $0.013 to a high of approximately $0.0188 in a short period, with its stage gain once exceeding 40% and its peak market cap reaching nearly $19 million. The price then quickly pulled back, currently trading at around $0.0145, with its market cap falling to roughly $14.55 million, a retracement of about 23% from the high.
7 minutes ago
PONS's market cap briefly rebounded to cross $350 million, trading at $0.352 at press time.
According to GMGN market data, PONS' market capitalization has briefly rebounded to surpass $350 million, with its current price standing at $0.352.
7 minutes ago
Fireblocks Custody moved 30 million USD1 tokens to Binance over the past 15 hours.
According to monitoring by Onchain Lens, Fireblocks Custody transferred 30 million USD1 tokens to Binance again over the past 15 hours. Note: USD1 is a stablecoin backed by a Trump-associated project.
Bitcoin is holding steady following a strong breakout in August, with its price consolidating well above crucial long-term averages. After reaching a peak just above $81,000, Bitcoin is currently trading near $78,840. The recent surge began around $63,000, representing a nearly 30% gain before the cryptocurrency encountered significant resistance.
Key support and resistance levelsDespite volatility near the $80,000 level, sellers have so far been unable to trigger a significant pullback. The most notable technical indicator remains the recovery and defense of Bitcoin’s 200-day moving average, with the 20-day exponential moving average (EMA) rapidly rising to approximately $72,250, converging with the 200-day average in the same region. These overlapping support bands near $72,000 are poised to play a crucial role in the coming sessions.
The asset also trades comfortably above its 50-day and 100-day moving averages, currently situated at $68,680 and $67,300, respectively. This distance illustrates the exceptional velocity of Bitcoin’s rally. The relative strength index (RSI) remains elevated at around 72.5, indicating that conditions are technically overbought, which could support a period of sideways movement before any further gains.
Critical resistance is clustered between $80,000 and $82,000. A decisive breakthrough above $82,000 could signal further bullish continuation, while downside support is established near $76,000–$77,000. A more pronounced correction could place the $72,000 support zone into focus, but as long as Bitcoin holds above its 200-day moving average, the broader uptrend remains intact.
IndicatorCurrent ValuePrice$78,840All-time peakJust above $81,000200-day MA~$72,18020-day EMA~$72,250Support zone$76,000–$77,000Resistance zone$80,000–$82,000Bitcoin’s structure remains bullish while it holds above its 200-day moving average, and the consolidation near $80,000 appears driven by recent overbought conditions rather than a confirmed trend reversal.
XRP consolidates after sharp rallyXRP, the native token of the Ripple network, is also navigating a consolidation phase after a robust rally, during which it climbed from an intraday low of $1.38 to a recent price of $1.41. The token remains securely above its 200-day moving average at about $1.35, a region considered its key technical support.
A daily close below this threshold could open the door to deeper losses; however, buyers have so far defended this area effectively. XRP’s shorter-term moving averages lag behind the price, with the 50-day at $1.14, the 100-day at $1.21, and the 20-day EMA rising to $1.26.
The resurgence in price was accompanied by a surge in momentum, pushing the RSI toward overbought territory before a recent cooldown to 66. This drop in momentum may allow for another move higher without triggering an excessively overheated market. Immediate resistance stands at $1.45–$1.50, with further attention at $1.55 and the spike high at $1.70. A sustained consolidation between $1.35 and $1.50 would allow the shorter moving averages to catch up and support any future advance.
Maintaining support above $1.35 remains crucial for XRP’s near-term outlook; holding this level could reinforce the case that a longer-term downtrend has been broken.
Ethereum maintains strong trendEthereum has continued to trade in a strong technical position since its August breakout, staying hundreds of dollars above its reacquired 200-day moving average and consolidating around $2,470. ETH recently tested $2,472, following a rapid ascent from about $1,900.
The rally lifted Ethereum above several resistance marks, including the declining 200-day MA currently at $2,159. With the 20-day EMA now at $2,225, ETH sits approximately 14% above the critical long-term average. The 50-day and 100-day averages, at $2,030 and $2,019 respectively, trail well beneath recent prices.
Current consolidation above these levels suggests the market is pausing, rather than reversing. The immediate resistance zone lies at $2,500–$2,550. Trading volumes surged during the initial breakout, tapering off as prices moved sideways, which may reflect a lack of aggressive selling pressure. As long as ETH stays above $2,159, the medium-term outlook remains constructive. A breakout above $2,550 would reinforce the August reversal and confirm buyers’ control.
Shiba Inu struggles at long-term resistanceShiba Inu (SHIB), a well-known memecoin, has encountered persistent long-term resistance after its August surge. The recent price drop brought SHIB into a dense support band, now trading near $0.00000517 after briefly touching $0.00000620.
SHIB’s attempt to stay above its 200-day moving average near $0.00000571 was short-lived. This indicator remains the primary resistance during the ongoing downtrend. Recovery over $0.00000570–$0.00000580 is necessary for a confirmed bullish reversal; otherwise, focus remains on lower support levels.
The 100-day moving average stands at $0.00000498 and the 20-day EMA at about $0.00000500, providing a narrow support region under current prices. The 50-day average is further below at $0.00000471. Holding $0.00000495–$0.00000500 could lay the groundwork for renewed upward momentum. SHIB’s RSI has dropped to 54, offering more flexibility for the next directional move, and upside resistance remains at $0.00000540–$0.00000555, with the main barrier just above at $0.00000571.
Claude's paid usage tiers are criticized for deceptive wording: The $200 "20x" plan only grants 5 hours of access, with its weekly quota being three times that of the $100 tier.
According to Dongcha Beating AI Express, the quota issue with Anthropic’s Claude Max has reignited controversy on social media. The $100 Max 5x and $200 Max 20x are easily misinterpreted by their names as meaning the latter offers four times the quota of the former. However, Anthropic’s official documentation specifies that the “5x” and “20x” refer to usage limits per 5-hour windows. All paid plans also include weekly quotas, but Anthropic has not disclosed how these compare to the Pro plan’s weekly limit—a major source of user frustration. A recent reverse calculation by a Reddit user found that during the current temporary bonus period, Max 20x’s total weekly quota is only approximately 2.25 times that of Max 5x. Anthropic has even faced legal action over this. A proposed class-action lawsuit filed in June alleges that Max 20x’s actual total usage is just 6 to 8 times that of the Pro plan, while Max 5x is around 3.5 times. Under this framework, the weekly usage gap between the two tiers is also only about twice. The case remains ongoing, and the court has not yet ruled that Anthropic engaged in false advertising.
7 minutes ago
Binance will support cash dividend distributions for Qualcomm, PayPal, and Alphabet via bStocks.
According to an official announcement, Binance will support cash dividend distributions for Qualcomm (QCOM), PayPal (PYPL), and Alphabet (GOOGL) holders via its bStocks product for QCOMB, PYPLB, and GOOGLB token holders. After deducting applicable withholding taxes, fees, costs, and other related expenses, net dividends will be reinvested into the corresponding underlying securities, with users receiving dividends in the form of QCOMB, PYPLB, and GOOGLB bStocks respectively. Eligibility snapshots: QCOMB holders must hold relevant assets at 00:00 UTC on September 3, 2026; PYPLB and GOOGLB holders must hold their assets at 00:00 UTC on September 4, 2026. Spot trading for all three tokens remains unaffected, but QCOMB will suspend token conversions, deposits, and withdrawals at 23:30 UTC on September 2. PYPLB and GOOGLB will suspend their respective related services at 23:30 UTC on September 3, with services resuming after dividend distribution is completed.
7 minutes ago
Metaplanet has deposited 2,400 BTC, valued at approximately $186 million, into Coinbase Prime over the past three hours.
According to monitoring by on-chain analytics platform Lookonchain, Metaplanet has deposited 2,400 BTC (valued at approximately $186 million) into Coinbase Prime over the past three hours. Earlier, the company purchased 43,000 BTC at an average price of $96,191 per coin, with the total value of the holdings reaching around $3.48 billion.
7 minutes ago
Microduck surged more than 40% before quickly pulling back, now trading at $0.0145.
According to GMGN market data, the meme token microduck on the Robinhood Chain saw a rapid rally at midday. Its price surged from around $0.013 to a high of approximately $0.0188 in a short period, with its stage gain once exceeding 40% and its peak market cap reaching nearly $19 million. The price then quickly pulled back, currently trading at around $0.0145, with its market cap falling to roughly $14.55 million, a retracement of about 23% from the high.
7 minutes ago
PONS's market cap briefly rebounded to cross $350 million, trading at $0.352 at press time.
According to GMGN market data, PONS' market capitalization has briefly rebounded to surpass $350 million, with its current price standing at $0.352.
7 minutes ago
Fireblocks Custody moved 30 million USD1 tokens to Binance over the past 15 hours.
According to monitoring by Onchain Lens, Fireblocks Custody transferred 30 million USD1 tokens to Binance again over the past 15 hours. Note: USD1 is a stablecoin backed by a Trump-associated project.
The recent rally was no exception for Ethereum [ETH]. The largest altcoin, which was trading near the $1900 price level, has now climbed close to $2500. At press time, ETH was trading at $2,459.03 after a hike of over 30% in the past 30 days.
However, this price hike is not solid proof that ETH will continue going up. This is because the staking side of Ethereum’s supply is behaving differently from expected performance during a major price rally.
Rather than seeing a rush to unlock ETH, the network is seeing continued commitment to staking.
Is this a good sign? According to Ethereum’s Validator Queue, ETH ‘exit queue’ has hit 0. In this, around 902,506 are active validators, and about 42.4 million ETH are staked, accounting for 34.8% of the total supply.
Source: Validator Queue This happens even after Ethereum witnessed a 70% pump. Looking at the current scenario, one can tell that the current ETH rally has more room to run.
Hence, if these validators are expecting ETH to appreciate further, exiting staking simply to sell after a 70% rally may not make sense to them.
Needless to say, another factor might be staking yield, where stakers are earning rewards for participating in Ethereum’s network. If they remain bullish on ETH, they can continue earning yield while maintaining exposure to the asset.
Ethereum validator’s performance in August This comes as in August 2026, the entry wait time fell from around 43–44 days to roughly 36 days, showing that the large staking backlog is gradually clearing.
Source: Validator Queue At the same time, after falling to around 880,000–881,000 in mid-July, the number of active validators began recovering. In August, the count rose sharply from roughly 887,000 at the start of the month to over 900,000 by late August, reaching around 902,000–903,000.
Source: Validator Queue This shows that Ethereum’s validator base is expanding again, signaling strong staking participation and limited exit pressure.
What’s more? This comes as Ethereum’s largest DAT, Bitmine Immersion Technologies, has staked 5,067,309 ETH so far, valued at approximately $12.4 billion. Whereas, Shaprlink has staked over 26,193 ETH total.
All this happens while Fidelity has announced plans for Ethereum staking and quarterly cash distributions, adding a new source of potential income to the spot ETF.
While Ethereum staking makes to the spotlight, Solana [SOL], has a much higher staking participation rate at roughly 68.3% of its supply, with around 421.8 million SOL staked and yields of approximately 5.75%–6.5%.
Still, its total dollar value staked remains much lower than Ethereum.
Final Summary The Ethereum ecosystem has around 902,506 are active validators, and about 42.4 million ETH are staked. Validators are expecting ETH to appreciate further, hecne exiting staking simply to sell after a 70% rally does not makes sense.
PANews, August 31 - According to SoSoValue data, the crypto market pulled back after consecutive gains. The previously strong Meme sector fell 4.19% over the past 24 hours. Within the sector, OFFICIAL TRUMP (TRUMP) dropped 10.55%, Fartcoin (FARTCOIN) fell 10.44%, and Pump.fun (PUMP) declined 12.40%.
In other sectors, the Layer 2 sector fell 0.04% over 24 hours, with Polygon (POL) down 7.98%, though Mantle (MNT) remained relatively resilient, rising 5.84%. The CeFi sector declined 1.71%, with OKB (OKB) down 4.09%. The Layer 1 sector fell 1.97%, with Solana (SOL) down 3.35%. The PayFi sector dropped 2.10%, while Monero (XMR) rose 4.54% intraday. The DeFi sector fell 2.26%, while Uniswap (UNI) bucked the trend with a 9.31% gain.
Crypto sector indices reflecting historical sector performance showed that the ssiMeme, ssiAI, and ssiNFT indices fell 4.42%, 3.29%, and 3.12%, respectively.
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 (BTC), Ethereum (ETH) and Ripple (XRP) have paused their gains after facing a slight pullback last week following their recent massive gains. BTC trades around $77,900 on Monday, and ETH faces selling pressure near the key $2,500 resistance level. Meanwhile, XRP corrects and finds support around a key level that could determine its next directional move.
Bitcoin consolidates following a massive rally in recent weeksBitcoin price trades at $77,893 on Monday, maintaining a bullish near-term bias as it holds well above the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) clustered between roughly $69,700 and $72,300.
The Relative Strength Index (RSI) at 69 hovers just below overbought territory, while the Moving Average Convergence Divergence (MACD) remains positive, hinting that upside momentum is still constructive but becoming stretched.
On the topside, the next notable resistance aligns with the horizontal barrier at $85,000.
On the downside, initial demand appears around the 200-day EMA at $72,254, then the 50-day EMA at $69,681, followed by the 100-day EMA at $68,887; below these, deeper support emerges at the previously charted horizontal levels of $66,500 and $62,300.
BTC/USDT daily chartEthereum faces rejection near $2,500 markEthereum price trades at $2,421 on Monday, holding a bullish near-term bias as price remains comfortably above the key EMAs. The 50-day EMA at $2,101, together with the 100-day EMA at $2,037 and the 200-day EMA at $2,161, forms a broad underlying demand zone that reinforces the constructive structure while ETH consolidates near recent highs.
Momentum remains supportive, with the RSI hovering around 66 and avoiding extreme overbought territory, while the MACD stays in positive territory, hinting at sustained but moderating upside pressure.
On the topside, immediate resistance is seen at the horizontal barrier near $2,500, ahead of a more significant cap at $3,000, where profit-taking could intensify if bulls extend the rally.
On the downside, initial support sits around the 200-day EMA at $2,161, followed by the 50-day EMA at $2,101 and the 100-day EMA at $2,037, which should cushion deeper pullbacks. A break below the psychological $2,000 level would expose the distant structural floor at $1,505, while sustained trading above the clustered moving averages keeps the broader bullish tone intact.
ETH/USDT daily chartXRP finds support near 200-day EMAXRP price trades at $1.350 on Monday, maintaining a broadly bullish near-term bias as it holds above the 50-day and 100-day EMAs at $1.204 and $1.209, respectively. However, the pair is now testing the 200-day EMA at $1.351 as immediate support, capping further downside for now.
The RSI around 59 suggests constructive but not overextended momentum, while the positive MACD reading with a small positive value hints at waning yet still supportive bullish pressure after the recent sharp rally.
On the topside, initial resistance sits at the horizontal level of $1.900.
On the downside, the first meaningful support appears at the 200-day EMA at $1.351, followed by the $1.300 horizontal level, ahead of a supportive cluster formed by the 100-day EMA at $1.209 and the 50-day EMA at $1.204. At the same time, a deeper structural floor sits at the $1.000 handle.
As long as XRP stays above the $1.300 area, the technical backdrop would continue to favor consolidation with potential for renewed upside attempts toward the recent high around $1.699 and beyond the $1.900 mark.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Ethereum’s [ETH] 30% weekly rally has given investors their first conviction test at $2,500. Notably, this zone remains key since demand had been building for months at the bottom end of $1,900-$2,050.
Once that supply had run out, demanders moved quickly through the $2,568 level as volume exploded, indicating stronger participation behind the breakout.
However, the rapid advance by Ethereum into new ground stalled out just shy of $2,458. This indicates that bulls were yet to establish a solid floor at $2500.
Source: TradingView The significance of that pause is maintained because that’s where the cost is currently being absorbed as we approach the breakout highs. However, it still suggests that the bull run has not yet triggered an exodus.
Moreover, the RSI also appeared to confirm this sentiment, falling back from over 90 to 70.81 as of writing, with no corresponding price drop.
Therefore, if bulls can get through to $2,500 again, it may create additional potential for an upward continuation to the previous breakout area at $2,568. On the other hand, if $2,426 is breached downward, it could indicate a growing amount of bearish pressure.
ETH reclaims realized price after 108 days Ethereum’s push up to $2,500 has also altered how holders view themselves in relation to their average cost basis.
After 108 days of being below it, ETH has taken back its realized price, which is the average amount all holders collectively paid for ETH.
Once the price crosses the realized price point again, all holders are in a position of having at least some portion of an unrealized gain. That matters because investors near breakeven have less reason to sell simply to recover their initial capital.
Source: Alphractal Still, with fewer holders trapped underwater, the potential for reduced selling pressure and increased buying power could occur. However, the shift only becomes meaningful if ETH stays above this cost basis.
Sustained closes above it would strengthen the recovery. Consequently, a continued decline in the price may indicate that sellers are once again in an unrealized loss position.
ETF inflows strengthen institutional demand Institutional investors are providing the demand for fresh capital into Ethereum’s price increase, while the overall market trend is improving.
The total weekly inflows flowing into Ethereum have hit $824.42 million. This followed $697.18 million in the previous week.
Source: SoSoValue Together, those flows show institutions increased exposure as ETH approached $2,500, instead of reducing positions after the rally.
According to SoSoValue data, total ETF assets consequently climbed from $10.52 billion on August 14 to $15.23 billion, a 5.28% increase, strengthening institutional ownership.
This matters because sustained ETF buying can absorb available supply and help buyers defend higher prices during pullbacks. However, strong flows have not secured $2,500 yet.
Continued inflows alongside closes above that level would provide stronger evidence that institutional demand is supporting lasting price acceptance.
Final Summary Ethereum reclaimed its realized price as ETF demand strengthened its recovery. ETF inflows and improving holder profitability support ETH’s push toward $2,500.
The total crypto market cap fell to $2.68 trillion, down 1.0% over 24 hours, as Bitcoin slipped to $77,664.88 and Ethereum dropped to $2,417.73, with the sell-off tracking an escalation in the U.S.-Iran tensions over the weekend.
What Triggered the Drop
U.S. Central Command confirmed that American forces struck two Iranian rocket launchers on Larak Island in southern Iran on Sunday, after Islamic Revolutionary Guard Corps forces were observed preparing to launch rockets carrying sea mines into the Strait of Hormuz.
CENTCOM spokesperson Navy Capt. Tim Hawkins said the strike was intended to protect civilian mariners and commercial shipping in the strait, one of the world’s most critical oil transit routes.
The IRGC confirmed the strike caused casualties among its forces and said it would retaliate, according to Iran’s state broadcaster IRIB. According to reports, Sunday’s strike was the first publicly acknowledged U.S. attack on Iranian forces in nearly a month, coming as the Trump administration has been navigating a fragile ceasefire in the broader conflict that began in February 2026.
Market Snapshot
Total market cap: $2.68 trillion, down 1.0%24-hour trading volume: $62.13 billionBitcoin: $77,664.88, down 0.8% in 24 hoursEthereum: $2,417.73, down 2.0% in 24 hoursXRP: $1.35, down 3.4% in 24 hours, though still up 8.4% over 7 daysSolana: $101.73, down 3.6% in 24 hoursHyperliquid: $80.40, down 3.9% in 24 hoursWhy Geopolitical Risk Hits Crypto
Renewed military action in the Strait of Hormuz raises the risk of disrupted oil shipping and broader regional escalation, conditions that typically push investors toward traditional safe havens and away from higher-risk assets like crypto. The IRGC’s stated intent to retaliate adds further uncertainty, since previous rounds of this conflict have seen Iran respond to U.S. strikes with missile and drone attacks on American military installations in neighboring countries.
What to Watch Next
Markets will likely stay sensitive to any signs of Iranian retaliation or further U.S. military action in the coming days. A contained response could allow crypto to stabilize near current levels, while a broader escalation risks deeper losses across risk assets as investors price in a longer disruption to Gulf shipping and oil markets.
Story Ends Here
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This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH) Ethereum closed another week in the green after pushing above $2,400, ending 6% higher. If buyers manage to hold this key support level, higher highs may continue.
Bulls should do their best to consolidate their recent gains after the massive rally from the $1,500 level. To achieve this, defending $2,400 as support is key. The current resistance is at $2,800.
Looking ahead, this is the first time since 2025 that ETH has made a higher high. This halts the downtrend and positions this cryptocurrency for a sustained rally. The question is how far bulls can take it before they show signs of weakness.
Source: TradingView Ripple (XRP) After XRP pumped to $1.6, the price entered a pullback, which is still ongoing at the time of this post. Nevertheless, this cryptocurrency closed the week 9% higher. This recent performance is impressive and a significant change in the market structure.
With a higher high secured, XRP could be consolidating between the key support at $1.3 and the resistance at $1.6. Once the price settles, a renewed push higher could follow, sending XRP back into a rally.
Looking ahead, the most significant target, at this time, is $2. For that to happen, XRP will need to turn $1.6 into a support first. The odds favor this outcome considering that buyers have the advantage right now.
Source: TradingView Cardano (ADA) Cardano ended this week flat after the price failed to break the resistance at $0.23. Buyers tried to push ADA higher, but sellers would not budge. For this reason, the price is in a pullback at the time of this post.
While a consolidation period under the key resistance is normal, this cryptocurrency needs to avoid a long delay in breaking $0.23, as that may encourage sellers to step up their presence on the order book.
Looking ahead, Cardano needs to make a higher high to confirm the bottom under $0.15. So far, this has not happened, which may give bears a chance to retest the previous lows in the future.
Source: TradingView Binance Coin (BNB) Binance Coin had a good week, closing 7% higher. The price also broke the $690 resistance and appears close to forming a higher high. If confirmed next week, BNB may be well on its way to visit $900 next.
It is critical for the price to continue its rally, as any price below $740 would paint a lower high on the chart, which would be a bearish signal. Nevertheless, as long as the $690 level holds as support, buyers have control over the price.
Looking ahead, the recent drop under $580 could be the bottom. To confirm it, BNB needs to rally and sustain its recent gains. If so, the $900 and $1,000 targets will act as magnets for the price in the near future.
Source: TradingView Hype (HYPE) Hyperliquid had another fantastic week, closing 14% higher after setting a new record price of almost $87. Right now, HYPE is trading in a key range between $ 76 and $ 85 as it plans its next move.
To continue the rally, the price has to clear $85 as support and aim for $90 next. However, considering the strength of the recent move, a consolidation period would be welcomed to avoid a sharper correction later.
Looking ahead, HYPE has a real chance to hit a three-digit price in the near future if this bullish momentum is sustained. A price of $100 or higher is only a 20% rally from current levels.
Source: TradingView Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Sberbank, Russia’s largest bank, plans to accept Ethereum and Tether alongside Bitcoin as loan collateral once Russian regulators permit their public circulation, according to TASS.
The bank is preparing to offer crypto-backed loans to corporate clients after successfully testing the model with mining firm AO Intelion Data last year. It is also working on crypto custody services as digital assets take on a larger role in Russia’s financial system and cross-border trade.
Anatoly Popov, deputy chairman of Sberbank’s management board, said the bank is prepared to adapt its existing products once the legislation comes fully into force.
Popov said Sberbank had anticipated the regulatory changes and already gained practical experience working with crypto. The bank plans to gradually expand its digital-asset products under the new rules, including lending secured by crypto holdings.
Bitcoin will be part of the bank’s collateral offering, while Ethereum and Tether could be added in the future. Popov said those assets would become eligible after the Bank of Russia authorizes them for public circulation and the remaining provisions of the new regulation take effect.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Russia’s largest lender, Sberbank, is preparing to expand lending secured by digital assets. The bank expects Bitcoin to remain central, while Ethereum and Tether could join later.
The expansion depends on regulatory approval and the full implementation of Russia’s new digital asset framework. Sberbank is also preparing existing banking products for the updated rules.
Anatoly Popov, deputy chairman of Sberbank’s management board, confirmed the direction ahead of the Eastern Economic Forum. He said the bank already has practical experience working with cryptocurrency.
“We prepared for this in advance, and we already have practical experience working with cryptocurrency,” Popov said.
Sberbank Expands Crypto-Backed Lending Strategy Sberbank intends to continue developing loans secured by digital assets once the new rules become fully effective. The bank has already tested the model with corporate clients.
A previous pilot involved mining company AO Intelion Data and used self-mined cryptocurrency as collateral. That transaction gave Sberbank experience with lending against digital assets.
Popov said the bank would adapt its existing products as legislation comes fully into force. The lender also plans to expand the range of eligible collateral gradually.
“We plan to accept not only Bitcoin but also Ethereum and the stablecoin Tether as collateral,” Popov said.
However, Ethereum and Tether would only become eligible after approval from the Bank of Russia. Public circulation must also be allowed under the final rules.
Bitcoin, Ethereum and USDT Could Enter Corporate Lending Bitcoin is expected to remain part of Sberbank’s crypto collateral offering. Ethereum and USDT could be added after regulators establish the necessary framework. The proposed model would allow corporate borrowers to pledge digital assets while receiving conventional financing. Borrowers would therefore avoid selling their crypto holdings immediately.
Sberbank is also developing custody services as digital assets gain a larger role in Russia’s financial system. These services could support institutional use of crypto within regulated banking channels.
The lender’s approach reflects a broader shift toward controlled digital asset use rather than unrestricted retail adoption. Meanwhile, Russia continues to permit selected crypto activity under tighter supervision.
Concurrently, the cross-border trade has also increased demand for digital asset infrastructure. Russian institutions have explored crypto settlement methods as access to traditional payment routes remains constrained.
Russia Tightens Crypto Oversight as Banking Use Expands Russia’s crypto framework is becoming more structured as banks prepare new products with Federal Law No. 282-FZ taking effect on September 1, 2026.
The law introduces reporting requirements for residents holding digital assets through foreign platforms and offshore structures. Residents must report balances, transaction turnover and qualifying foreign holdings.
The final framework does not require residents to submit private keys or raw wallet credentials. Instead, the reporting system focuses on financial information and offshore exposure.
At the same time, the Bank of Russia has expanded enforcement tools linked to suspicious crypto activity. The regulator flagged about 2,600 wallets during the first half of 2026.
Those wallets were added to compliance systems used by banks and law enforcement agencies. The system does not freeze blockchain addresses directly. Instead, banks can identify linked accounts, payment processors, and fiat access points. Consequently, restrictive measures can then be applied within Russia’s banking system.
For more on crypto compliance, check our Best Crypto Compliance Companies and KYC Providers for Web3 Enterprises
Sberbank Plans to Accept Bitcoin, Ethereum and USDT as Loan Collateral August 30, 2026 10:00 AM
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Russia’s largest bank is preparing to broaden its crypto-lending business. Sberbank Deputy Chairman Anatoly Popov said the lender plans to accept Bitcoin as collateral for loans and to eventually add Ethereum and Tether’s USDT, according to TASS. The move would extend the bank’s earlier pilot work with digital assets, though the wider offering still hinges on approval from the Bank of Russia. The comments signal that the bank intends to make digital-asset-backed borrowing a more regular feature of its business rather than a limited experiment.
Bitcoin First, Ethereum and USDT Later Popov said Sberbank intends to further develop lending backed by digital assets, with Bitcoin the first crypto asset accepted as collateral. Ethereum and USDT would follow only after the Bank of Russia permits their public circulation, a condition that has not yet been met. The central bank retains authority over which digital assets may circulate publicly in Russia, which is why the Ethereum and USDT components remain conditional. Popov did not specify when the broader set of collateral would become available.
A Gradual Rollout Under Russia’s New Rules The bank already has practical experience working with crypto assets, Popov said, and will adapt its existing products while gradually expanding the offering once Russia’s new regulatory framework for digital assets fully takes effect. Sberbank has been preparing for this shift for months, having previously outlined a planned off-chain crypto trading system and a crypto wallet as the country’s digital-currency law cleared its final hurdles. The phased approach mirrors how Russian regulators have rolled out crypto rules, testing them in stages before widening access.
What It Means for Crypto-Backed Lending Accepting bitcoin and stablecoins as loan collateral would deepen the overlap between Russia’s traditional banking sector and digital assets. It suggests Sberbank, which serves a large share of the country’s retail and corporate customers, views crypto collateral as a lasting product rather than a one-off experiment. Even so, the announcement is a statement of intent: the Bank of Russia has yet to authorize public circulation of Ethereum and USDT, leaving the final scope and timing of the lending product open. Sberbank has not said how large the lending book might become or which borrowers would qualify first.
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Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Russia’s largest bank, Sberbank, is preparing to expand crypto-backed lending beyond Bitcoin, planning to accept Ethereum and Tether’s USDT as collateral for loans. The move comes as Russia prepares new crypto market rules, but Sberbank’s overall offering still depends on approval from the Bank of Russia.
Sberbank Deputy Chairman Anatoly Popov said the bank plans to accept Bitcoin, Ethereum and USDT as collateral for loans.
“We plan to accept not only Bitcoin but also Ethereum and the stablecoin Tether as collateral.”
However, customers cannot immediately use all three assets as collateral. Popov said Sberbank will add ETH and USDT after the Bank of Russia allows them for public circulation.
The bank plans to adapt its existing products as Russia’s new crypto rules take effect and then gradually expand the assets available for secured lending.
Bitcoin Loan Pilot Already Tested the ModelSberbank is not starting from scratch. The bank already tested crypto-backed lending with Russian mining company Intelion Data in December 2025.
The pilot involved a corporate loan secured by cryptocurrency mined by Intelion. Sberbank used its custody infrastructure to hold the collateral during the loan period.
That experience gives the bank a working model for handling crypto as security for a traditional loan.
The planned expansion would allow the same basic idea to cover Bitcoin, Ethereum and USDT, subject to the regulator’s rules.
Russia’s New Crypto Rules Set the FrameworkThe plans come as Russia prepares to bring its new regulated crypto market framework into force on September 1, 2026. The Bank of Russia will decide which cryptocurrencies can be traded through regulated channels.
The central bank has already proposed Bitcoin, Ethereum and USDT for regulated exchange trading, using factors such as market size, trading activity and trading history in overseas markets.
For non-qualified investors, the framework includes a 300,000-ruble annual purchase limit per intermediary, subject to passing a required knowledge test. Crypto payments for goods and services inside Russia will remain prohibited.
For now, Sberbank’s BTC-backed lending model is the foundation, while ETH and USDT remain dependent on regulatory approval and the final lending rules.
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Russia’s largest bank, Sberbank, is preparing to expand its cryptocurrency-backed loan products. The bank plans to accept Ethereum (ETH) and Tether (USDT) as collateral for loans in addition to Bitcoin (BTC) in the future.
According to the Russian news agency TASS, Sberbank Deputy Chairman of the Board Anatoly Popov said the bank will continue to develop loan products secured by digital assets. Popov noted that Sberbank already has practical experience working with crypto assets.
Popov stated that once the new regulatory framework prepared in Russia fully comes into effect, the bank will adapt its existing products to the new rules and gradually expand its cryptocurrency-related services.
Ethereum and USDT Could Be Added Alongside Bitcoin According to Sberbank’s plan, the bank will not be limited to Bitcoin for digital asset-backed loans. Ethereum and the dollar-backed stablecoin Tether are also targeted to be accepted as collateral in the future.
However, the plan’s implementation will depend on regulatory approval. Popov added that, in particular, the Russian Central Bank would need to allow ETH and USDT to be publicly circulated in order for them to be used as collateral.
*This is not investment advice.
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Sberbank plans to accept Bitcoin (BTC), Ether (ETH) and Tether (USDT) as loan collateral, deputy chairman Anatoly Popov told TASS on Friday.
Russia’s largest lender wants the coins as security, not as money. Paying with crypto in Russia remains banned when the country’s digital currency law takes effect on September 1.
Collateral is Legal, but Spending is NotA Russian company can pledge Bitcoin to a bank, but it still cannot buy a coffee with it. Popov said Sberbank prepared for the rule change early and already handles digital assets. However, he made the expansion conditional.
“We plan to accept not only Bitcoin but also Ethereum and the stablecoin Tether as collateral… after the Central Bank, of course, allows them for public circulation,” local media reported.
President Vladimir Putin signed the law on August 4. The Bank of Russia published its first approved list a week later. Only three coins cleared the screen.
Regulators wanted size, high daily turnover, and at least 5 years of price history on foreign exchanges. Bitcoin, ether and USDT passed. Nothing else did, and the regulator is clear about the rest.
Crypto cannot be used in payments within Russia. Only exporters and importers get a carve-out for crypto payments in foreign trade.
No Rate, No Date, No Term SheetWith the key rate standing at 14% as of August 28, money is expensive in Russia, and that number explains the demand. A miner can sell coins and lose the upside, or pledge them and pay interest.
Meanwhile, ordinary Russians will not get the option. Russia’s new crypto law caps non-qualified investors at 300,000 rubles (roughly $3,632) of crypto per year per intermediary. Corporate borrowers face no such ceiling.
Popov disclosed no loan-to-value ratio, interest rate, or launch date. He tied everything to permissions the central bank has not yet issued.
What exists today is smaller. Sber closed a crypto-backed lending pilot in December 2025 and targets a digital depository by December 1.
Notably, however, USDT is the quiet outlier, sitting at $0.9999, while Bitcoin moves every day. One coin needs a thin haircut, the other a deep one.
If a borrower defaults, Sberbank must sell those coins inside a country where spending them is illegal.
Key Highlights Three additional cryptocurrencies—Solana, Avalanche, and Chainlink—are coming to Charles Schwab’s digital asset platform The platform debuted in May 2026 with exclusive access to Bitcoin and Ethereum trading Each cryptocurrency transaction incurs a 0.75% fee through the platform The brokerage giant manages more than $13 trillion in client assets with approximately 40 million accounts A new S&P 500 prediction contract offering is in development through collaboration with Cboe Global Markets Charles Schwab has revealed its intention to broaden its cryptocurrency trading services. The expansion will bring Solana, Avalanche, and Chainlink to the Schwab Crypto platform alongside its existing Bitcoin and Ethereum offerings within the next several months.
LATEST: ⚡ Charles Schwab plans to add Solana, Avalanche and Chainlink to its crypto platform in the coming months, expanding beyond Bitcoin and Ethereum. pic.twitter.com/3fvspo2Vo3
— CoinMarketCap (@CoinMarketCap) August 27, 2026
The financial services company introduced Schwab Crypto in May 2026, providing retail investors with straightforward access to Bitcoin and Ethereum markets. Users can access these trading capabilities via Schwab’s web portal, smartphone application, and thinkorswim trading platform.
According to Schwab, the new additions represent a calculated strategy to “thoughtfully expand” its cryptocurrency portfolio by incorporating well-established digital currencies that align with investor interest.
Joe Vietri, who leads Digital Assets at Charles Schwab, explained that this expansion provides investors with additional options for constructing a digital asset portfolio while leveraging the comprehensive investment and banking services Schwab already delivers.
A Deliberate Strategy for Crypto Integration Charles Schwab’s approach has been notably more conservative compared to certain competitors. Platforms such as Coinbase and Robinhood provide trading access to dozens of cryptocurrencies, while Schwab initiated operations with only two tokens before growing to five.
The financial institution has not disclosed a precise rollout timeline for these additional tokens. Furthermore, Schwab has not indicated whether additional cryptocurrencies beyond these three are under consideration.
Transaction fees on the platform stand at 75 basis points, equivalent to 0.75% per trade. The service operates in most American states, with the notable exceptions of New York and Louisiana, and remains unavailable in US territories or foreign markets.
Charles Schwab Premier Bank maintains custody of Schwab Crypto accounts, while the connected brokerage handles specific operational responsibilities for the banking division.
By July 31, 2026, the company oversaw $13.04 trillion in total client assets distributed among 39.9 million active brokerage accounts.
During the second quarter, Schwab posted record-breaking net revenue totaling $7.1 billion alongside net income of $2.8 billion.
Prediction Contracts on the Horizon The cryptocurrency platform expansion represents just one element of Schwab’s wider initiative to diversify its trading product lineup.
This past June, the Wall Street Journal disclosed that Schwab intends to introduce prediction contracts linked to S&P 500 performance. This initiative stems from a collaborative arrangement with Cboe Global Markets.
These financial instruments would enable investors to speculate on whether the S&P 500 index will finish trading sessions above or below predetermined thresholds. Unlike services offered by Kalshi and Polymarket, Schwab’s initial rollout would concentrate exclusively on stock index predictions.
Industry observers anticipate this product will become available within several months, although the company has not provided an official launch date.
Schwab’s expansion into cryptocurrency trading and prediction markets illustrates how established brokerage firms are increasingly challenging crypto-focused platforms and fintech startups for retail trading volume.
Given its substantial user base of nearly 40 million active accounts, Schwab’s platform could significantly increase mainstream investor access to these newly supported cryptocurrencies.
Charles Schwab (NYSE:SCHW) is preparing to widen the range of tokens available on Schwab Crypto, the firm’s retail digital-asset service. In a recent announcement, the brokerage said eligible clients will soon be able to buy and sell Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) in dedicated crypto accounts.
The three assets will join bitcoin and ethereum, which have been the only tokens available for direct trading since Schwab Crypto began a phased rollout in May 2026.
Schwab described the new listings as part of a measured effort to grow the platform with well-known cryptocurrencies that match customer interest.
The company did not name a precise launch window beyond “the coming months,” and it reserved the right to postpone, alter, or drop support for any announced token if market, regulatory, operational, or risk conditions change.
Joe Vietri, Schwab’s head of digital assets, said the expansion is meant to give clients more ways to include digital assets in a broader portfolio while remaining inside Schwab’s familiar investing and banking environment.
He framed the move as consistent with the firm’s strategy of offering established cryptocurrencies together with education, tools, and support so investors can decide how—or whether—crypto belongs in their plans.
Schwab Crypto is offered through Charles Schwab Premier Bank, SSB, an FDIC-member bank that is affiliated with, but separate from, Charles Schwab & Co., Inc.
Clients keep a distinct crypto account that can be linked to an existing brokerage relationship.
Holdings and trades can be viewed next to stocks, funds, and other conventional investments on Schwab.com, the Schwab Mobile app, and the thinkorswim platform.
The service also includes research and commentary from the Schwab Center for Financial Research, crypto-focused educational material through Schwab Coaching, and around-the-clock phone and chat support.
Each trade is priced at 75 basis points of the dollar amount of the transaction, a rate Schwab presents as among the lowest in the industry.
Availability is limited. Accounts are offered in all US states except New York and Louisiana and are not available in US territories or outside the United States.
Not every applicant will qualify, and accounts can be restricted or closed if a client moves to an unsupported jurisdiction.
Cryptocurrencies held through the service are not securities, are not SIPC-protected, are not FDIC-insured, are not bank deposits, and can lose value.
Schwab stresses that digital assets are highly volatile, lack many of the consumer protections attached to legal tender and regulated securities, and should be treated as speculative.
The firm said it intends to keep adding cryptocurrencies and other digital assets over time rather than opening the platform to a large menu of tokens at once.
That gradual approach matches how Schwab entered the market: it waited for a clearer US regulatory path, started with bitcoin and ethereum, and is now extending the lineup to three additional networks that already have large user bases and established use cases in payments, smart contracts, custom blockchains, and oracle data.
For investors already using Schwab for stocks, cash management, and advice, the expansion reduces the need to open a separate account at a crypto-native exchange.
For the tokens themselves, a brokerage with tens of millions of accounts and trillions of dollars in client assets could, over time, broaden the pool of traditional investors who can buy and hold SOL, AVAX, and LINK through a regulated retail channel. Exact timing, trading limits, and any phased rollout details have not yet been disclosed.
Grayscale believes that the evolution of US debt would favor Bitcoin, Ether, and Zcash. These three cryptos could benefit from significant demand for assets independent of fiat currencies. Indeed, this theory arises as federal debt has just exceeded 40 trillion dollars. However, it does not represent a current projection. A rate increase triggered by the US financing needs would also penalize the crypto ecosystem in the short term.
In Brief Grayscale bets on Bitcoin, Ether, and Zcash against the rise of US debt. US public debt exceeds 40 trillion dollars, increasing concerns about monetary dilution. Treasury bond buybacks support liquidity, without reducing the causes of debt. The rise in debt could favor cryptos long-term, but high rates risk penalizing them short-term. Grayscale selects BTC, ETH, and ZEC The research head at Grayscale, Zach Pandl, presented this analysis on August 26. For him, an uncontrolled increase in public debt can weaken confidence in national currencies and encourage investors to seek other stores of value.
He explains the selection by Grayscale as follows :
In cryptos, we believe that the hedge against monetary dilution will primarily benefit Bitcoin, Ether, and Zcash.
The characteristics of the chosen assets are as follows :
Bitcoin has a maximum supply capped at 21 million BTC ; Ether is used to pay for transactions and to secure Ethereum ; Zcash combines a limited supply of 21 million ZEC with optional confidential transactions. This hedge against monetary dilution (debasement trade) constitutes a strategy aimed at acquiring rare assets to protect against the loss of purchasing power of currencies. Historically, this theory concerns gold. Grayscale believes that some cryptos now fulfill a similar function.
However, the three cryptos do not have the same specifics. Indeed, Bitcoin and Zcash apply a predetermined issuance, while Ether does not have an absolute cap. Its supply mainly depends on new emissions granted to validators and the burning of part of the fees.
Predefined scarcity does not guarantee price stability either. Therefore, BTC, ETH, and ZEC remain volatile. Their progress also depends on available liquidity, regulation, institutional flows, and investors’ risk appetite.
Treasury buybacks do not necessarily reduce this liability Total US public debt exceeded 40 trillion dollars on August 18. Of this amount, nearly 32,266 billion dollars are held by the public while 7,782 billion dollars correspond to claims among various federal structures.
The US Treasury released, a few days later, an increase in its long-term bond buybacks. From September 9, the cap will rise from at least 2 to 4 billion dollars per transaction for securities with maturities between 10 and 30 years.
With these acquisitions, the Treasury can withdraw older, less liquid bonds and continue issuing new securities. They facilitate operations on the secondary market and reduce some yield tensions.
However, this transaction does not equate to debt repayment. The Treasury statement explicitly describes the measure as support for the bond market’s liquidity. It does not rectify the budget deficit nor the gap between federal expenditures and revenues. Grayscale considers then that these buybacks address the symptoms but not the root cause of the problem.
Debt supports Grayscale’s thesis without guaranteeing a rise The Congressional Budget Office projects a federal deficit of 1,900 billion dollars for the current 2026 fiscal year. This amount would reach 3,100 billion in 2036 if current legislative regulations generally remain unchanged.
Public debt held by the public could simultaneously rise from 101% of GDP in 2026 to 120% in 2036, according to CBO projections. Thus, interest-related charges would justify a significant part of this evolution.
This progression may consolidate the search for rare assets. It may also create the opposite effect in the short term. If the abundance of bond issuances keeps yields at a high level, risk-free investments become more attractive and capital cost increases. Investors may then reduce their exposure to cryptos.
Scheduled for November 4, the next US Treasury quarterly announcement will clarify the progress of the buyback program. Bond yields, the dollar, and flows to crypto products will help verify if the scenario indicated by Grayscale is truly beginning to materialize.
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Tencent's Hunyuan Hy4 Overwhelmed Just 3 Days After Launch: WorkBuddy Undergoes Emergency Scaling
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An attacker exploited a vulnerability in the Cosmos EVM to move $50 million of Nesa (NES) off the project’s chain. However, the payout came to $60,000.
Blockchain analytics firm Bubblemaps traced the wallets involved. Liquidity vanished from the pools before the selling finished, and extreme slippage swallowed almost the entire position.
How the Nesa Exploit UnraveledThe main wallet, 0x9AE7, bought $250,000 of NES and bridged the tokens to Nesa Chain. Bubblemaps said the address was funded through Monero (XMR).
The attacker exploited the bug, inflating that balance by 200 times. He then bridged roughly $50 million of NES back to Ethereum (ETH).
From there, the tokens moved through eight addresses. Those wallets swapped NES for ETH on decentralized exchanges before routing proceeds to centralized platforms.
However, liquidity disappeared from the pools before most of the selling happened. The swaps hit extreme slippage, and the attacker recovered $315,000 against $255,000 spent.
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Cosmos Labs Told Chains to HaltCosmos Labs disclosed the incident on August 24 and advised chains in contact with it to have validators halt.
“Many affected chains have now patched. We continue to provide mitigation information to affected chains. Chains that use a Cosmos EVM version less than v0.6.2 or v0.7.2 are recommended to immediately halt the blockchain and upgrade it to include the patches in those releases,” the team said in an update.
It has not yet named the vulnerability, the affected chains, or the total loss figure. The team has promised an incident report once the response ends.
Four networks running the shared module have reported problems. KiiChain said an attacker repeated the same technique 18 times, draining 148,326,583.15 KII.
Nesa also notified users that it had identified malicious activity exploiting the Cosmos EVM vulnerability on its layer-1. The team said they will bring the services online after a software fix. Other impacted networks include MANTRA and TAC.
Whether other chains running the module took quieter losses will not be clear until Cosmos Labs publishes its report.
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1 seconds ago
The 'US Stock Market Top Winner' liquidated all long positions in HYPE, returned to trading US stocks, and opened new NVDA positions worth $24.5 million.
According to monitoring by TradingBeats (formerly Hyperinsight), the previously tracked "US Stock Market Winner" has largely exited its long positions in HYPE. The whale’s HYPE contract long positions have dropped from around 152,800 units to just 11.82 units, while its spot account holds only approximately 374.9 HYPE tokens. Its primary risk exposure has now refocused on US stocks. Currently, this whale holds a 20x fully leveraged long position of roughly 112,800 NVDA contracts, with a position value of about $24.495 million and an average entry price of $220.08. NVDA is trading at around $217.15, resulting in an unrealized loss of roughly $330,000 on the position, with a return of approximately -26.6%. The position was opened two days ago. Additionally, the whale has placed 169 sell orders around NVDA: 40 "position-reduction only" sell orders at $221.7 to $222.5, planning to reduce holdings by around 46,200 units, with a nominal value of approximately $10.267 million, covering about 41% of its current long position. Another 129 non-position-reduction sell orders are placed at $218.95 to $228.33, targeting the sale of around 192,500 units, with a nominal value of roughly $42.586 million. The number of these orders exceeds the whale’s current NVDA long position by approximately 70.7%. If the non-position-reduction sell orders are fully executed, the whale may shift to a short position after exiting its remaining NVDA long holdings. Currently, this whale is the largest NVDA holder on Hyperliquid. On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale operations from addresses, and delivering in-depth analysis for full visibility.
1 seconds ago
Whale Tracking: Amid renewed US-Iran clashes, smart money flipped to go long on 5.5 million barrels of crude oil, while ramping up positions on "invasion of Iran" prediction shares.
According to monitoring by TradingBeats (formerly Hyperinsight), U.S. forces struck two rocket launch sites on Iran’s Larak Island overnight, a development that sent international oil prices soaring in a gap-up move. WTI crude oil contracts (CL) on Hyperliquid are currently trading at $85.45, up roughly 3.2% in 24 hours. Geopolitical conflict-focused trader xm39, who has been closely tracked, adjusted positions in both crude oil and prediction markets amid this price swing. Between 7:32 and 8:00 AM today, its associated address added roughly 28,400 WTI short contracts against the market trend, with a transaction value of around $2.401 million. As oil prices continued to rise, the address closed out all 107,400 short contracts at 9:01 AM, with an average closing price of ~$84.86, booking a realized loss of approximately $131,500. Just about 10 minutes later, it flipped its trading direction from short to long. The address then sequentially bought roughly 64,700 WTI contracts, and currently holds a long position of ~$5.531 million at 20x full leverage, with an unrealized profit of ~$18,200, a margin return rate of around 6.6%, and a liquidation price of ~$64.88. Meanwhile, xm39 also continued to increase its geopolitical conflict bets on Polymarket. Between 7:43 and 7:51 AM today, it purchased a total of 274,500 Yes shares for the market question “Will the U.S. invade Iran before 2027” in three separate trades, executed at probabilities of 14%, 15%, and 16% respectively, for a total investment of ~$41,700. This round of purchases expanded its position in this prediction market by roughly 74.7%. Currently, xm39 holds a total of 642,300 Yes shares, with an accumulated cost of ~$127,100, at an average entry probability of 19.79%; the current market probability for the question is ~15.5%, resulting in an unrealized loss of approximately $27,600.
1 seconds ago
Two crypto whales made high-profile buys of ETH, totaling $140 million.
According to monitoring by TradingBeats (formerly Hyperinsight), two large ETH whale addresses have continued to add to their long positions from last night to this morning, purchasing a total of 23,245.3 ETH in perpetual contracts, with a trading volume of approximately $57.752 million and a weighted average execution price of around $2,484.4. As of press time, ETH is trading at $2,414.6. The two addresses currently hold a combined 60,036.2 ETH long positions, with a total position value of roughly $145 million, a weighted average entry price of about $2,480.8, and a combined unrealized loss of approximately $3.975 million. Whale address 0x0392: Between 00:07 and 00:36 today, it purchased 13,078.1 ETH in concentrated trades, with a trading volume of around $32.662 million. It currently holds 45,087.3 ETH long positions with 8x full leverage, valued at roughly $109 million, at an average entry price of $2,486.4, posting an unrealized loss of about $3.236 million, a return rate of -23.1%, and a liquidation price of approximately $2,251.2. Whale address 0x77dd: Between 18:31 and 22:38 last night, it bought 10,167.3 ETH, with a trading volume of around $25.09 million. It currently holds 14,948.9 ETH long positions with 12x full leverage, valued at roughly $36.1 million, at an average entry price of $2,464, with an unrealized loss of about $738,000, a return rate of -24.1%, and a liquidation price of approximately $2,144.8. On-chain perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale activities from addresses, and delivering in-depth analysis for full visibility.
1 seconds ago
Codex's active users exceed 25 million, just 10 days after hitting the 20 million milestone; paid users' quotas have been reset for two consecutive days.
Beating AI News: OpenAI core product lead Tibo announced that Codex has reached 25 million active users. To mark this milestone, OpenAI has once again reset usage quotas for all paid Codex and ChatGPT Work users, marking the second consecutive day of such resets. Yesterday, OpenAI had already reset quotas for all paid users due to issues with 8 categories of abnormal quota consumption. Tibo had noted at the time that the planned milestone celebration would be moved to the next day, as the reset button had already been pressed that day. The second reset arrived as scheduled today. Codex has seen rapid user growth: as recently as August 21, Tibo announced Codex had hit 20 million active users, alongside a one-time storable quota reset. Just 10 days after that announcement, the user base has grown by another 5 million. Tibo joked in closing: “More news from The Reset Company will be coming soon.”
1 seconds ago
Tectonic Suffers Over $75 Million Loss From Attack, Cronos Network Suspends Services
Per monitoring by @lookonchain, Tectonic (@TectonicFi) on the Cronos network suffered an attack, resulting in losses exceeding $75 million. The attacker has bridged $6.29 million in assets to the Ethereum network and converted them into 2,592 ETH, while approximately $68.7 million worth of assets remain pending on Cronos. Currently, the Cronos network has suspended services.
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.
Tencent's Hunyuan Hy4 Overwhelmed Just 3 Days After Launch: WorkBuddy Undergoes Emergency Scaling
Beating AI News Flash: After Tencent’s Hunyuan Hy4 preview launched on WorkBuddy, usage surged, leading to queuing issues. The joint project team of WorkBuddy and Hunyuan issued a notice stating that it is urgently scaling up the Hy4 preview inference cluster and will continue to dynamically add resources based on usage. Hy4 preview is Tencent’s new-generation flagship model released and open-sourced on August 28, with 770 billion total parameters, 49 billion activated per inference, and a 1 million-token context window. It was integrated with WorkBuddy, CodeBuddy, Yuanbao, and Ima on its release day, offering a two-week free trial on WorkBuddy and CodeBuddy. Just three days after launch, WorkBuddy has already faced queuing due to peak concurrent usage. The team noted that total high-end computing power and peak concurrent capacity remain limited, so queuing may still occur during some periods even after scaling. Temporary solutions include switching back to Hy3 or avoiding evening peak hours. The free trial period for Hy3 on WorkBuddy has been extended to September 30 at 23:59.
1 seconds ago
The 'US Stock Market Top Winner' liquidated all long positions in HYPE, returned to trading US stocks, and opened new NVDA positions worth $24.5 million.
According to monitoring by TradingBeats (formerly Hyperinsight), the previously tracked "US Stock Market Winner" has largely exited its long positions in HYPE. The whale’s HYPE contract long positions have dropped from around 152,800 units to just 11.82 units, while its spot account holds only approximately 374.9 HYPE tokens. Its primary risk exposure has now refocused on US stocks. Currently, this whale holds a 20x fully leveraged long position of roughly 112,800 NVDA contracts, with a position value of about $24.495 million and an average entry price of $220.08. NVDA is trading at around $217.15, resulting in an unrealized loss of roughly $330,000 on the position, with a return of approximately -26.6%. The position was opened two days ago. Additionally, the whale has placed 169 sell orders around NVDA: 40 "position-reduction only" sell orders at $221.7 to $222.5, planning to reduce holdings by around 46,200 units, with a nominal value of approximately $10.267 million, covering about 41% of its current long position. Another 129 non-position-reduction sell orders are placed at $218.95 to $228.33, targeting the sale of around 192,500 units, with a nominal value of roughly $42.586 million. The number of these orders exceeds the whale’s current NVDA long position by approximately 70.7%. If the non-position-reduction sell orders are fully executed, the whale may shift to a short position after exiting its remaining NVDA long holdings. Currently, this whale is the largest NVDA holder on Hyperliquid. On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale operations from addresses, and delivering in-depth analysis for full visibility.
1 seconds ago
Whale Tracking: Amid renewed US-Iran clashes, smart money flipped to go long on 5.5 million barrels of crude oil, while ramping up positions on "invasion of Iran" prediction shares.
According to monitoring by TradingBeats (formerly Hyperinsight), U.S. forces struck two rocket launch sites on Iran’s Larak Island overnight, a development that sent international oil prices soaring in a gap-up move. WTI crude oil contracts (CL) on Hyperliquid are currently trading at $85.45, up roughly 3.2% in 24 hours. Geopolitical conflict-focused trader xm39, who has been closely tracked, adjusted positions in both crude oil and prediction markets amid this price swing. Between 7:32 and 8:00 AM today, its associated address added roughly 28,400 WTI short contracts against the market trend, with a transaction value of around $2.401 million. As oil prices continued to rise, the address closed out all 107,400 short contracts at 9:01 AM, with an average closing price of ~$84.86, booking a realized loss of approximately $131,500. Just about 10 minutes later, it flipped its trading direction from short to long. The address then sequentially bought roughly 64,700 WTI contracts, and currently holds a long position of ~$5.531 million at 20x full leverage, with an unrealized profit of ~$18,200, a margin return rate of around 6.6%, and a liquidation price of ~$64.88. Meanwhile, xm39 also continued to increase its geopolitical conflict bets on Polymarket. Between 7:43 and 7:51 AM today, it purchased a total of 274,500 Yes shares for the market question “Will the U.S. invade Iran before 2027” in three separate trades, executed at probabilities of 14%, 15%, and 16% respectively, for a total investment of ~$41,700. This round of purchases expanded its position in this prediction market by roughly 74.7%. Currently, xm39 holds a total of 642,300 Yes shares, with an accumulated cost of ~$127,100, at an average entry probability of 19.79%; the current market probability for the question is ~15.5%, resulting in an unrealized loss of approximately $27,600.
1 seconds ago
Two crypto whales made high-profile buys of ETH, totaling $140 million.
According to monitoring by TradingBeats (formerly Hyperinsight), two large ETH whale addresses have continued to add to their long positions from last night to this morning, purchasing a total of 23,245.3 ETH in perpetual contracts, with a trading volume of approximately $57.752 million and a weighted average execution price of around $2,484.4. As of press time, ETH is trading at $2,414.6. The two addresses currently hold a combined 60,036.2 ETH long positions, with a total position value of roughly $145 million, a weighted average entry price of about $2,480.8, and a combined unrealized loss of approximately $3.975 million. Whale address 0x0392: Between 00:07 and 00:36 today, it purchased 13,078.1 ETH in concentrated trades, with a trading volume of around $32.662 million. It currently holds 45,087.3 ETH long positions with 8x full leverage, valued at roughly $109 million, at an average entry price of $2,486.4, posting an unrealized loss of about $3.236 million, a return rate of -23.1%, and a liquidation price of approximately $2,251.2. Whale address 0x77dd: Between 18:31 and 22:38 last night, it bought 10,167.3 ETH, with a trading volume of around $25.09 million. It currently holds 14,948.9 ETH long positions with 12x full leverage, valued at roughly $36.1 million, at an average entry price of $2,464, with an unrealized loss of about $738,000, a return rate of -24.1%, and a liquidation price of approximately $2,144.8. On-chain perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale activities from addresses, and delivering in-depth analysis for full visibility.
1 seconds ago
Codex's active users exceed 25 million, just 10 days after hitting the 20 million milestone; paid users' quotas have been reset for two consecutive days.
Beating AI News: OpenAI core product lead Tibo announced that Codex has reached 25 million active users. To mark this milestone, OpenAI has once again reset usage quotas for all paid Codex and ChatGPT Work users, marking the second consecutive day of such resets. Yesterday, OpenAI had already reset quotas for all paid users due to issues with 8 categories of abnormal quota consumption. Tibo had noted at the time that the planned milestone celebration would be moved to the next day, as the reset button had already been pressed that day. The second reset arrived as scheduled today. Codex has seen rapid user growth: as recently as August 21, Tibo announced Codex had hit 20 million active users, alongside a one-time storable quota reset. Just 10 days after that announcement, the user base has grown by another 5 million. Tibo joked in closing: “More news from The Reset Company will be coming soon.”
1 seconds ago
Tectonic Suffers Over $75 Million Loss From Attack, Cronos Network Suspends Services
Per monitoring by @lookonchain, Tectonic (@TectonicFi) on the Cronos network suffered an attack, resulting in losses exceeding $75 million. The attacker has bridged $6.29 million in assets to the Ethereum network and converted them into 2,592 ETH, while approximately $68.7 million worth of assets remain pending on Cronos. Currently, the Cronos network has suspended services.
