In brief Tom Lee's Bitmine bought another 32,447 ETH, worth roughly $81 million, last week. Bitmine says its 5.85 million ETH represents about 4.8% of the supply. The price of Ethereum is up more than 30% in the last week. Bitmine Immersion Technologies is another step closer to its goal of owning 5% of Ethereum’s supply after buying another 32,447 ETH, worth roughly $81 million, last week.
The company said Monday that it held 5,847,611 ETH, worth around $15 billion as of August 23.
Myriad: Ethereum next price move? Click to make your prediction.With Ethereum’s supply at approximately 120.7 million tokens, the 5% mark is about 6.04 million ETH. That puts Bitmine roughly 187,000 ETH short of its goal.
Bitmine's latest buy comes amid renewed interest and excitement in the crypto market, with the price of Ethereum exploding over the last week. ETH is up a whopping 31.5% in the last seven days, outperforming even Bitcoin's impressive gains of nearly 24% in the last week. ETH is currently trading for just under $2,500, up almost 3% in the last day alone.
Sentiment around the asset has shifted on prediction markets as well. On Myriad, a prediction market developed by Decrypt's parent company Dastan, traders are now pricing in 64% odds that Ethereum hits $3K before dropping down to $1.5K. Those odds were reversed less than a week ago, with odds as high as 74% on the bearish outcome before the market turned.
Bitmine’s ETH accumulation began last summer, with the company reaching roughly 1% of Ethereum’s supply that August and 2% in September. Bitmine’s ETH holdings passed 4.66 million ETH in March 2026 and 5.2 million in May.
Five percent is Bitmine’s own target, and crossing that threshold would not trigger a change to Ethereum or grant Bitmine control over transactions, upgrades, or governance.
The purchase came as ETH recorded its largest weekly gain in more than a year, rising roughly 31% since August 19, 2026.
“This is the largest weekly gain since May 2025, prior to that it was July 2021,” Chairman of Bitmine, Tom Lee, said in a statement. “In those two precedent instances, this weekly gain of >30% signaled a launch point for a larger move in ETH.” (Disclosure: Tom Lee is an investor in Dastan, Decrypt’s parent company.)
Myriad: Bitcoin next price move? Click to make your prediction.Lee pointed to easing financial conditions, White House support for crypto, and Treasury purchases of long-term bonds that had improved investors’ appetite for risk.
With 87% of its ETH already staked, Bitmine has placed much of its supply outside active markets. It has not said whether it will stop buying at 5%.
Bitmine said it has staked 5,067,309 ETH, equal to 87% of its holdings, and the company projects $330 million in annual staking revenue.
Chairman Tom Lee said in May that Bitmine would slow its buying to avoid reaching 5% too quickly. Purchases continued, but at an uneven pace. By late July, its holdings had reached 5.79 million ETH.
For BMNR investors, 5% would bring more staking revenue if Ethereum performs well—and greater exposure to falling ETH prices, custody failures, financing costs, and regulatory changes if it does not.
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Account abstraction on Ethereum has been one of those features that’s perpetually six months away. The latest attempt to change that, EIP-8130, just got a notable endorsement from WalletConnect co-founder Pedro Gomes, who called it a simpler and more portable model than the competing EIP-8141 proposal.
Account abstraction is the umbrella term for letting Ethereum wallets do things that currently require clunky workarounds: paying gas fees in tokens other than ETH, batching multiple transactions into one, or logging in with a fingerprint instead of managing a 64-character private key.
What EIP-8130 actually does Proposed by Chris Hunter of Coinbase’s Base team on October 14, 2025, EIP-8130 introduces a new transaction type designated AA_TX_TYPE = 0x79. The proposal also creates an on-chain Keystore system contract. Instead of each wallet running its own custom validation code, the Keystore acts as a shared registry of authentication methods.
That registry supports multiple ways to prove you’re you: the traditional secp256k1 signatures that Ethereum has always used, P-256 curves (the kind your phone’s secure enclave speaks), and WebAuthn, the standard behind passkeys.
The key architectural decision is separating authentication from execution logic. In the current ERC-4337 model, bundlers simulate wallet bytecode to validate transactions before including them. EIP-8130 sidesteps that by defining a canonical set of authenticators that nodes can validate efficiently without ad hoc simulation.
Pedro Gomes’s preference for EIP-8130 over EIP-8141 comes down to this trade-off. EIP-8141 offers greater flexibility, letting users define their own validation and gas payment logic. EIP-8130 constrains those options in exchange for predictability and portability.
The cross-chain angle The shared Keystore and canonical authenticator set are designed to work identically across any EVM-compatible chain. Set up your account on Base, and the same authentication configuration should work on Optimism, Arbitrum, or Ethereum mainnet without reconfiguration.
Today, smart account deployments are chain-specific. Users who want the same wallet experience across multiple rollups often need to deploy separate contracts on each chain, each with its own gas costs and setup friction.
EIP-8130 is backed by Coinbase, Optimism, and WalletConnect. Coinbase operates Base, Optimism runs the OP Stack that powers multiple rollups, and WalletConnect serves as the connective tissue between wallets and decentralized applications.
Deployment is targeted for the Base Cobalt upgrade around September 2026. That timeline means Base would serve as the proving ground before any conversation about Ethereum Layer 1 activation, which has no active schedule.
How it compares to ERC-4337 ERC-4337 has been Ethereum’s account abstraction workhorse since 2023. It works at the application layer rather than the protocol layer, meaning it didn’t require a hard fork to deploy. Bundlers collect user operations, validate them, and submit them on-chain.
EIP-8130 claims a 63% reduction in transfer costs compared to ERC-4337. That gap exists because ERC-4337’s bundler architecture adds gas overhead for simulation, bundling, and the EntryPoint contract that processes user operations. By moving account abstraction into the protocol itself, EIP-8130 eliminates several of those intermediate steps.
What to watch As of August 2026, EIP-8130 remains a draft with active discussion happening across Ethereum Magicians and GitHub, with no active schedule for Layer 1 activation.
The September 2026 target for Base Cobalt gives the proposal roughly a year of runway for refinement from its October 2025 proposal date, covering a relatively contained scope of a single L2 deployment versus a mainnet hard fork.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The increase in ETH was expected for a long time, says Tom Lee, as BitMine buys 32,447 more ethers. This statement comes in a context marked by the recent evolution of the Ethereum market. The operation thus parallels two elements: the accumulation of ETH by BitMine and Tom Lee’s analysis. His comment sheds light on this progress. With this acquisition, BitMine directly strengthens its exposure to Ethereum, while Tom Lee highlights an increase he considers expected.
In brief BitMine buys 32,447 additional ETH, strengthening its exposure to Ethereum. Tom Lee believes the increase in ETH was expected for a long time. The acquisition comes as Ethereum experiences a rise, placing the operation in the news spotlight. The 32,447 ETH is the main figure shared, with no other details on purchase conditions. BitMine buys 32,447 additional ETH BitMine continues its accumulation with a new purchase of 32,447 additional ETH. This new purchase brings its holdings to 5,847,611 ETH and its total investment portfolio (cryptocurrencies, cash, negotiable securities, and others) to 14.9 billion dollars as of Monday. This operation constitutes the main concrete element of this news. It shows that the company continues to strengthen its exposure to Ethereum. The figure of 32,447 ETH particularly allows measuring the scale of this acquisition.
The company also does not just hold its ETH. A large portion of its holdings goes into staking. As of August 23, approximately 5.07 million ETH were staked, representing nearly 12.7 billion dollars. This strategy allows BitMine to seek to generate additional income through network rewards.
The company’s announcement comes as ETH experiences an increase. The connection between the two events gives a special context to the purchase made by BitMine. The company thus increases the amount of Ethereum it holds. However, the available information does not specify the price paid for the new purchase.
Tom Lee considers the Ether increase expected The acquisition also comes as Tom Lee reviews the evolution of ETH. According to him, the current rise of Ether is not a surprise. He believes this increase was expected for a long time and driven by tokenization on Wall Street and the support shown by Washington for digital assets. He stated:
We believe this ETH increase was expected given the strengthening fundamentals of the cryptocurrency sector, the multiple favorable factors of tokenization on Wall Street, and artificial intelligence. Furthermore, the support shown by the White House for cryptocurrencies and the long-term bond purchases by the U.S. Treasury have fostered a greater appetite for risk.
This analysis provides context to the acquisition made by BitMine. It especially emphasizes that the movement observed on Ethereum fits into an already identified expectation.
Tom Lee’s statement remains focused on the rise of ETH. It does not provide a new price target with the available information. It also does not specify the exact duration of this progression. The comment therefore only allows retaining his assessment of the current movement.
On its side, BitMine acts directly on the market with the purchase of 32,447 more ETH. This operation gives a concrete dimension to the news around Ethereum. Tom Lee offers a different reading, based on the asset’s evolution. The two elements complement each other without allowing for a precise forecast.
An acquisition that puts Ethereum at the center of the news The purchase of 32,447 ETH once again places Ethereum at the heart of this news. BitMine thus increases its exposure to the asset, while Tom Lee highlights the observed rise. However, the link between the two pieces of information remains limited to the communicated facts. No other element allows going beyond this observation.
Nevertheless, this operation provides a precise figure to monitor. The 32,447 ETH represent the announced volume in this acquisition. For Ethereum, this information comes as Tom Lee describes the rise as expected for a long time. The market therefore has two distinct indications concerning the asset.
BitMine’s acquisition is the main element to retain, while Tom Lee estimates that the Ethereum price increase was expected for a long time. However, the two pieces of information must be distinguished: one concerns a concrete operation, the other a market assessment. No provided element yet allows determining the asset’s future price evolution.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Coinbase announced it has launched tokenized stocks natively on Base, allowing users to hold US equity positions and participate in DeFi.
Coinbase announced that its issued tokenized stocks have launched natively on the Base blockchain, built on the B20 standard. The underlying stocks are held 1:1 by regulated custodian Alpaca in a bankruptcy-remote structure, with token holders holding direct ownership of the reference assets. Non-US users in compliant global jurisdictions only need a wallet and internet access to gain exposure to US stocks without a brokerage account or settlement delays, and can trade at any time on 24/7 AMM pools. The first supported assets include companies like Apple and NVIDIA. As standard B20 tokens, the tokenized stocks can be freely held, transferred, and traded, with no whitelisted wallet or platform lockups. Their key significance lies in DeFi integration: users can use tokenized NVIDIA stocks as collateral to borrow on Aave, or deposit Apple stocks in decentralized exchanges to earn yields, marking the first time stocks have shifted from static assets in traditional accounts to programmable liquidity building blocks on-chain. Dividends and stock splits are handled via on-chain multiplier mechanisms to ensure DeFi positions remain uninterrupted. Ecosystem projects including Aerodrome and Aave have publicly backed the B20 standard. Coinbase said it will launch more tokenized stocks in the coming weeks and continue advancing the on-chainization of other real-world assets, opening up new opportunities for developers to integrate traditional financial assets with the crypto-native ecosystem.
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Bessent on Trump's increased tariffs on Canadian autos and steel: Trump hopes to sit down and negotiate in good faith.
US Treasury Secretary Scott Bessent commented on former President Donald Trump’s announcement to raise tariffs on Canadian autos and steel to 50%. Bessent said Trump wants Canada to engage in sincere negotiations. Trump posted earlier that Canada has long taken advantage of the U.S., imposing ridiculously high tariffs on American farmers and agricultural products, leaving these producers struggling to make ends meet, and creating a $60 billion trade deficit between the two nations over time. “This situation is unsustainable and will not continue!” Trump wrote. Starting January 1, 2027, tariffs will be hiked to 50% on all cars, trucks (large and small), auto parts, and steel. Goods manufactured in the U.S. will be fully exempt from tariffs. “Canada will no longer be treated as a state,” Trump added. “Whether in trade or other areas, Canada is among the world’s most difficult countries to deal with. They believe they deserve special treatment, but the truth is: we don’t need Canada—they need us! 95% of Canada’s business is conducted with the U.S., while our relationship with Canada is the exact opposite!”
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Bessent discusses the US Treasury bond repurchase plan: No bonds have been purchased yet, and the next operation is scheduled for September 9.
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Multicoin Capital-associated address transferred 1,061,100 HYPE tokens to Coinbase.
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BMNR jumps 8% as Bitmine raises Ethereum holdings to 5.85 million after latest buy Bitmine adds 32,447 ETH and moves closer to controlling 5% of Ethereum supply Bitmine stakes over 5 million ETH as its expanding treasury strategy gains scale Ethereum’s 30% weekly surge boosts the value of Bitmine’s massive crypto treasury Bitmine keeps its lead as the largest public Ethereum treasury after another buy Bitmine Immersion Technologies (BMNR) shares rose 8.26% to $24.72 after the company reported another major expansion of its Ethereum treasury. The company added 32,447 ETH last week and lifted total Ethereum holdings to 5,847,611 tokens. The latest purchase moved Bitmine closer to its target of controlling 5% of Ethereum’s circulating supply.
Bitmine Immersion Technologies, Inc., BMNR
Bitmine valued its crypto assets, cash, marketable securities, and strategic holdings at about $14.9 billion on August 23. Its portfolio also included 210 Bitcoin, $308 million in cash and marketable securities, and two strategic equity positions. Those positions included a $180 million stake in Beast Industries and an $89 million investment in Eightco Holdings.
The company currently controls about 4.8% of Ethereum’s estimated 120.7 million token supply. Reaching the 5% threshold would require about 6.04 million ETH at the current supply level. Therefore, Bitmine remains roughly 187,000 ETH short of its long-term accumulation target.
Ethereum Staking Supports Bitmine’s Treasury Strategy Bitmine has also increased the amount of Ethereum committed to staking through its treasury operations and staking partners. The company reported 5,067,309 staked ETH, representing about 87% of its total Ethereum holdings. At the stated ETH reference price, the staked position carried a value near $12.4 billion.
Bitmine launched its Made in America Validator Network earlier in 2026 to support institutional-grade Ethereum staking infrastructure. The platform currently handles part of the company’s treasury assets and could later serve outside institutions. This strategy connects Bitmine’s Ethereum accumulation plan with recurring staking income from its large treasury.
The company projected annualized staking revenue near $330 million based on its current staked balance and reported yield. Bitmine also estimated annual rewards could reach $381 million after staking its entire Ethereum treasury. The company reported a seven-day staking yield of 2.67% on an annualized basis.
Bitcoin Position Adds Broader Crypto Treasury Exposure Bitcoin remains a smaller part of Bitmine’s treasury, with the company holding 210 BTC alongside its larger Ethereum position. That structure reflects Bitmine’s decision to make Ethereum the central asset behind its corporate treasury strategy. Bitcoin still gives the company additional exposure to broader cryptocurrency market conditions and liquidity trends.
Bitmine ranks behind Strategy among major public crypto treasuries by total digital asset value. Strategy reportedly holds 840,447 Bitcoin, making it the largest corporate Bitcoin treasury globally. Meanwhile, Bitmine leads the public Ethereum treasury category through the scale of its accumulated ETH position.
The latest update follows a strong week for Ethereum, which gained about 30% and increased Bitmine’s treasury value. Management linked the advance to stronger crypto fundamentals, tokenization growth, artificial intelligence demand, and improving financial conditions. Bitmine has purchased Ethereum every week since launching its treasury strategy on June 30, 2025.
Ethereum price broke above $2,500 this week during a sharp market-wide rally, and BitMine Immersion Technologies used the moment to make its largest weekly purchase since early July.
The Tom Lee-chaired firm added 32,447 ETH, pushing its position closer to a stated “5% Alchemy” target.
Ethereum (ETH) Price Performance. Source: BeInCryptoBitMine’s Largest Purchase in WeeksBitMine spent $81 million to buy the new tokens, bringing its total holdings to 5,847,611 ETH, valued at approximately $14.6 billion at current prices.
Including 210 Bitcoin (BTC), stakes in Beast Industries and Eightco Holdings, and $308 million in cash and marketable securities, the company reported a combined treasury of $14.9 billion, up from $11.4 billion the previous week.
The company has purchased ETH every single week since launching its treasury strategy on June 30, 2025, a run of roughly 14 months without interruption.
Its current holdings amount to roughly 4.8% of Ethereum’s total supply, putting the firm about 97% of the way toward the 5% threshold it has pursued publicly since the strategy began.
Tom Lee’s Bitmine has bought another $81M worth of Ethereum, marking its largest weekly ETH accumulation since early July.
The purchase comes as ETH has surged around 30% over the past week, with Lee suggesting this move could be the beginning of a much larger trend.
While many… pic.twitter.com/jm3h1cE42m
— That Martini Guy ₿ (@MartiniGuyYT) August 24, 2026
Roughly 5,067,309 ETH, or 87% of BitMine’s holdings, sits staked through its Made in America Validator Network.
The company projects that the position could generate around $330 million in annualized revenue, though actual returns depend on network conditions and validator performance rather than being guaranteed.
Why Tom Lee Sees This Rally as DifferentETH traded near $2,511 as of August 24, according to BeInCrypto data, after surging roughly 30% over the past week, its strongest gain since May 2025. That climb outpaced Bitcoin’s own advance of roughly 22% over the same period.
Lee framed the past week’s price action as historically significant. This marks the largest weekly gain since May 2025, and in the two prior instances of similar magnitude, such a move signaled the launch point of a much larger rally, one he noted was followed by gains exceeding 160% in earlier cycles.
He pointed to several tailwinds behind the move: Wall Street’s growing tokenization efforts, expanding agentic AI applications built on blockchain infrastructure, supportive policy signals out of Washington, and easing broader financial conditions.
BitMine’s continued buying, even as ETH rallies rather than dips, signals institutional conviction rather than opportunistic bottom-fishing.
As the largest publicly traded Ethereum treasury company, it positions its steady accumulation and staking operations as a structural force behind the network’s growth, regardless of short-term price swings.
Whether this week’s breakout above $2,500 marks the start of the larger move Lee described will likely depend on whether the fundamental catalysts he cited continue building momentum in the weeks ahead.
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BitMine Immersion Technologies has just added more crypto to its expanding crypto treasury, namely Ethereum. The new acquisition arrives on back of a hefty weekly rally in ETH. The company is also closing in on the goal of buying 5% of Ethereum’s total supply.
BitMine Buys More Ethereum Amid Price Surge BitMine Chairman Thomas “Tom” Lee said that the company brought 32,447 ETH in the last week. The most recent purchase comes to approximately $79 million, based on the ETH price of $2,440, the company stated. Since the launch of its ETH Treasury Strategy on June 30, 2025, BitMine has been purchasing ETH weekly.
With the new Ether purchase, BitMine’s total holdings of Ethereum have risen to 5,847,611 ETH. This company now has 4.8% of the control of all the Ethereum coins with a total of 120.7 million coins. That takes it 97% of the way towards the “Alchemy of 5%” goal.
“ETH gained 30% in the past week. This is the largest weekly gain since May 2025, prior to that it was July 2021,” Lee said. Earlier, he shared a bullish Ethereum price prediction, which he has doubled down on.
He also highlighted the performance of ETH after the previous rallies. Ethereum has since rallied 167% following the July 2021 move, and 170% from the May 2025 surge. The week’s gain is the potential starting point for the latest weekly move, Lee said.
“We expect easing financial conditions to be a tailwind for crypto,” Lee added.
Lee also spoke of changes outside of the monetary arena. The rise of Wall Street’s attention to tokenization on the blockchain and agentic AI on blockchain networks could be useful to Ethereum’s next phase, he said.
BMNR Stock Surges After Latest ETH Purchase Bitmine’s stock has also rallied during Monday’s session. Market data at press time indicates that BMNR stock traded at $24.27, a change of $1.44 or 6.31%, from its previous close of $22.83. The stock started at $23.60 and maxed out at $24.46 during the day. Its low stood at $23.23.
BitMine has also staked 5,067,309 ETH, valued at about $12.4 billion at $2,440 per coin. Staked ETH is equivalent to 87% of its total ETH holdings.
The company now estimates annualized staking revenues to be $330 million. It earned a 2.67% 7-day annualized return from its own staking service.
BitMine’s total crypto, cash, marketable securities and “moonshots” were valued at $14.9 billion by the 23rd of August. The total is composed of 210 BTC, $308 million in cash and marketable securities, $180 million in stake in Beast Industries and $89 million in stake in Eightco Holdings.
BitMine was added to the Russell 1000 Large-cap index on June 26, 2026. It has a ticker symbol of BMNP, and is listed on the NYSE under its Series A Preferred Stock.
Bitmine Immersion Technologies increased its Ethereum holdings last week, buying 32,447 Ether (ETH) as the cryptocurrency surged sharply following a prolonged period of weakness. The company’s updated figures bring its total ETH holdings to 5,847,611, representing approximately 4.8% of Ethereum’s circulating supply.
Weekly accumulation strategy pushes Bitmine toward supply targetBitmine has maintained a disciplined Ethereum accumulation strategy, recording purchases every week since initiating its treasury program on June 30, 2025. With last week’s addition, the buying streak has continued uninterrupted for about 14 months.
NYSE-listed shares of Bitmine opened the week up 8.7%, building on a nearly 28% gain achieved over the previous six months. The company is now just three percentage points away from fulfilling its stated objective of owning 5% of ETH’s total circulating supply.
According to the latest disclosures, Bitmine has staked 5.07 million ETH, totaling about 87% of its entire Ethereum holdings. Alongside its crypto assets, the firm’s combined portfolio of cash, securities, and other investments stands at $14.9 billion.
Ether rallies past key levels, outpacing Bitcoin after US Treasury moveBitmine’s most recent Ether purchase coincided with a significant rally across the broader digital asset market. Over the past week, Ether has outperformed Bitcoin, particularly after the US Treasury revealed plans to double its monthly purchases of select longer-dated US Treasurys from $2 billion to $4 billion, beginning next month.
ETH has risen more than 32% since the announcement, climbing above $2,500 for the first time since January, according to CoinMarketCap.
ETH surged more than 32% following the US Treasury’s announcement, exceeding $2,500 for the first time since January and narrowing losses for institutional holders like Bitmine.
This strong performance contrasts sharply with the headwinds the asset faced earlier in the year, when falling prices left major holders with substantial unrealized losses. For Bitmine, the recent price recovery has dramatically reduced its paper losses.
Persistent volatility presents challenges for asset managersBitmine has invested more than $19.5 billion into its Ether treasury over the course of its accumulation strategy. According to DropsTab data, the company’s unrealized losses contracted from $8.4 billion a week ago to under $5 billion as ETH rebounded.
The recent turnaround comes as the crypto market remains prone to sharp swings, underscoring the challenges of actively managing large digital asset portfolios. Expanding and maintaining treasury positions in such an environment demands continuous analysis and sophisticated monitoring tools.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
Bitmine’s experience highlights how pronounced digital asset volatility directly impacts treasury performance, making ongoing oversight and nimble strategy adjustments crucial for institutional participants.
The sharp swings highlight the challenges of managing digital asset treasuries, whose valuations can fluctuate significantly with changing market conditions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In brief U.S. spot Bitcoin and Ethereum ETFs added $2.6 billion in net inflows for the week ending August 21, their best week since October 2025, while total assets under management jumped roughly $23 billion. Bitcoin ETF assets rose 25.4% to $96.1 billion and Ethereum ETF assets rose 35.9% to $14.3 billion, according to SoSoValue data. Bitcoin gained about 24% and Ethereum about 30% during the week after the Treasury doubled a bond-buyback program and a short squeeze wiped out billions in bearish bets. U.S. spot Bitcoin and Ethereum ETFs picked up roughly $23 billion in total value last week. Only $2.6 billion of that came from new money. Everything else came from Bitcoin and Ethereum simply getting more expensive.
That distinction may get lost in the euphoria of a market rally. A crypto fund's total value—what's called assets under management, or AUM—grows for two separate reasons: fresh cash coming in the door, or the coins already sitting inside becoming worth more. Last week, almost all of the growth was the second kind.
Myriad: Bitcoin next price move? Click to make your prediction.Spot Bitcoin ETFs added $1.92 billion in net inflows for the week ending August 21, while Ethereum funds took in $697.2 million. Combined, that $2.6 billion was the strongest week for both fund categories since October 2025, when Bitcoin was closing in on its all-time high.
The AUM side moved much further. Bitcoin ETF assets climbed 25.4% to $96.1 billion from $76.6 billion. Ethereum ETF assets jumped 35.9% to $14.3 billion from $10.5 billion.
Add those together and total assets rose about $23.3 billion for the week. Strip out the $2.6 billion investors actually put in, and roughly $20.7 billion of that increase was pure price appreciation—Bitcoin and Ethereum becoming worth more while sitting exactly where they already were.
Why the coins got more valuableBitcoin ran from around $62,000 to briefly above $79,000, a roughly 24% weekly gain and its best week since 2023. Ethereum climbed from under $1,900 to above $2,500, up about 30%.
Three separate forces pushed prices that hard. The clearest was the U.S. Treasury's move to double its long-bond buyback program—purchases of the government's own debt meant to support demand and lower borrowing costs—which weakened the dollar and pushed investors toward assets often used as inflation hedges, Bitcoin included.
Myriad: Ethereum next price move? Click to make your prediction.President Donald Trump also met crypto executives at the White House and pressed Congress on the Clarity Act, a bill meant to settle which regulator oversees which crypto assets. The third force did the most damage to skeptics: as prices broke through resistance, traders who had bet on Bitcoin falling got forced to buy back in at a loss to close those bets, a short squeeze that wiped out roughly $3 billion in bearish positions within 24 hours, with another $1 billion liquidated the day after. Each forced purchase pushed the price higher and triggered the next round of liquidations.
BlackRock's IBIT captured the largest share of the new money, at one point taking in 83 cents of every dollar that flowed into Bitcoin funds in a single day. XRP funds also drew fresh demand, pulling in $39.78 million and setting a record weekly volume of $271.74 million.
The rally hasn't erased 2026's damage. Bitcoin ETFs are still down in net outflows for the year, and Ethereum ETFs remain negative, narrowing the combined year-to-date deficit from $5.7 billion to $3.1 billion.
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In brief U.S. spot Bitcoin and Ethereum ETFs added $2.6 billion in net inflows for the week ending August 21, their best week since October 2025, while total assets under management jumped roughly $23 billion. Bitcoin ETF assets rose 25.4% to $96.1 billion and Ethereum ETF assets rose 35.9% to $14.3 billion, according to SoSoValue data. Bitcoin gained about 24% and Ethereum about 30% during the week after the Treasury doubled a bond-buyback program and a short squeeze wiped out billions in bearish bets. U.S. spot Bitcoin and Ethereum ETFs picked up roughly $23 billion in total value last week. Only $2.6 billion of that came from new money. Everything else came from Bitcoin and Ethereum simply getting more expensive.
That distinction may get lost in the euphoria of a market rally. A crypto fund's total value—what's called assets under management, or AUM—grows for two separate reasons: fresh cash coming in the door, or the coins already sitting inside becoming worth more. Last week, almost all of the growth was the second kind.
Myriad: Bitcoin next price move? Click to make your prediction.Spot Bitcoin ETFs added $1.92 billion in net inflows for the week ending August 21, while Ethereum funds took in $697.2 million. Combined, that $2.6 billion was the strongest week for both fund categories since October 2025, when Bitcoin was closing in on its all-time high.
The AUM side moved much further. Bitcoin ETF assets climbed 25.4% to $96.1 billion from $76.6 billion. Ethereum ETF assets jumped 35.9% to $14.3 billion from $10.5 billion.
Add those together and total assets rose about $23.3 billion for the week. Strip out the $2.6 billion investors actually put in, and roughly $20.7 billion of that increase was pure price appreciation—Bitcoin and Ethereum becoming worth more while sitting exactly where they already were.
Why the coins got more valuableBitcoin ran from around $62,000 to briefly above $79,000, a roughly 24% weekly gain and its best week since 2023. Ethereum climbed from under $1,900 to above $2,500, up about 30%.
Three separate forces pushed prices that hard. The clearest was the U.S. Treasury's move to double its long-bond buyback program—purchases of the government's own debt meant to support demand and lower borrowing costs—which weakened the dollar and pushed investors toward assets often used as inflation hedges, Bitcoin included.
Myriad: Ethereum next price move? Click to make your prediction.President Donald Trump also met crypto executives at the White House and pressed Congress on the Clarity Act, a bill meant to settle which regulator oversees which crypto assets. The third force did the most damage to skeptics: as prices broke through resistance, traders who had bet on Bitcoin falling got forced to buy back in at a loss to close those bets, a short squeeze that wiped out roughly $3 billion in bearish positions within 24 hours, with another $1 billion liquidated the day after. Each forced purchase pushed the price higher and triggered the next round of liquidations.
BlackRock's IBIT captured the largest share of the new money, at one point taking in 83 cents of every dollar that flowed into Bitcoin funds in a single day. XRP funds also drew fresh demand, pulling in $39.78 million and setting a record weekly volume of $271.74 million.
The rally hasn't erased 2026's damage. Bitcoin ETFs are still down in net outflows for the year, and Ethereum ETFs remain negative, narrowing the combined year-to-date deficit from $5.7 billion to $3.1 billion.
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Crypto prices are pausing today after a powerful week of gains, and the timing lines up with a major geopolitical announcement out of Washington.
XRP is up 49.5% this past week, but remains nearly flat over the last 24 hours, trading near $1.48. Bitcoin is trading near $78,738 today, up 23.4% over the past week overall, while Ethereum climbed 29.8% over the past week, and now trades near $2,468 currently. Solana and Hyperliquid also posted strong weekly gains of 26.6% and roughly 13% respectively.
The pattern across the board is the same. Big weekly gains, but a quieter 24 hours, suggesting the market may be pausing to digest fresh news rather than continuing its climb.
Bessent Announces a New Campaign Against Iran
Treasury Secretary Scott Bessent unveiled a new global economic offensive targeting Iran’s financial networks, framing it in stark terms. “Iran now faces a very clear choice, with only two paths before them,” Bessent said. “Complete global isolation and a subsistence economy, or a path back to normalcy with an opportunity to rejoin the global economy.”
He named the effort Operation Economic Outcast, describing it as an attempt to close off every remaining option available to Tehran. “Today, we are launching Operation Economic Outcast to foreclose every other option available to the Iranian regime,” Bessent said, drawing a historical comparison to the D-Day campaign.
“D-Day marked the historic beginning of a campaign with our allies to target and drive the enemy from its positions, including those in third countries,” he said. “Today, in that same spirit, we are launching an economic onslaught against Iran’s financial connections around the globe.”
What the Campaign Actually Targets
Bessent said the Treasury has mapped every node Iran uses to evade global sanctions, including the networks the regime relies on to smuggle oil and move money internationally. He described the approach as “zero leakage,” aimed at leaving the regime “no minimal breathing space” to rebuild funding sources tied to the Islamic Revolutionary Guard Corps.
According to Bessent, coordinated actions from the Treasury and other federal agencies are intended to block every remaining revenue stream connected to the IRGC.
Why Markets Might Be Reacting Cautiously
Announcements involving Iran sanctions and geopolitical escalation have repeatedly injected volatility into both traditional and crypto markets throughout the year, often triggering short-term risk-off behavior even when the news itself doesn’t directly target financial markets.
Today’s relatively flat 24-hour price action across major cryptocurrencies, despite a strong week overall, may mean traders taking a more careful stance while assessing how this new sanctions campaign could ripple into broader market sentiment in the days ahead.
Story Ends Here
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U.S. Treasury: Sanctions Imposed on Nearly 60 Iran-Related Entities, Individuals and Vessels
U.S. Treasury Department: Sanctions nearly 60 Iran-related entities, individuals, and vessels, covering nuclear, missile, cyber, and oil networks. The action imposes potential secondary sanctions on five sectors—including digital assets, technology, gold, aviation, and shipping—and suspends general licenses for certain remittances to Iran.
16 minutes ago
Multicoin Capital-associated address transferred 1,061,100 HYPE tokens to Coinbase.
According to monitoring by OnchainLens, a wallet linked to Multicoin Capital transferred 1,061,100 HYPE tokens (valued at around $8.41 million) to Coinbase Prime minutes ago, potentially indicating an imminent sell-off.
16 minutes ago
ZEC hits an approximately 8-year high, briefly touching $888; the NU7 network upgrade snapshot is imminent.
According to HTX market data, ZEC hit an approximately 8-year high today, touching its highest price since 2018 at $888 with a weekly gain of over 70%. It is currently holding steady near the $844 level. The Zcash community will launch an 18-day token holder vote starting on the 24th (Beijing time: early morning of the 25th) to determine the scope of the upcoming NU7 upgrade. The minimum voting participation threshold is 1 million ZEC. Voting rights are based on spendable, shielded ZEC held in the Ironwood pool at the snapshot time (estimated 19:00 UTC on the 24th, mainnet block height approx. 3,459,350). The vote opens August 25 and closes at 19:00 UTC on September 14. Votes are cast privately via supported wallets, including Zodl, Vizor, Zkool, and Keystone hardware wallets; only aggregated data will be released, with no individual voting details disclosed. The initiative aims to gather holders’ feedback on the upgrade scope for reference by the community and developers.
16 minutes ago
Whale’s short positions, which first set 10 major price targets, may see their unrealized losses expand to $6.88 million.
As Bitcoin rebounds to hit the $80,000 mark, the massive short positions in Bitcoin and Ethereum held by the whale codenamed "Set 10 Big Goals First" may return to loss if they retain their original positions. The open positions are as follows: - BTC short positions: 1,830.724 BTC, worth approximately $139 million, average entry price $76,397.56 - ETH short positions: 12,756.739 ETH, worth approximately $30.25 million, average entry price $2,371.57 Based on current BTC price of $79,300 and ETH price of $2,499, the total unrealized loss on the whale's address could reach $6.88 million. The whale has previously resumed live trading on Binance but is currently in an invisible status, making it impossible to confirm whether the trader has closed positions to stop loss.
16 minutes ago
Scott Bessent plans to take aggressive measures to push the 10-year U.S. Treasury yield to 5%.
According to Fox Business News, Wall Street executives stated that U.S. Treasury Secretary Scott Bessent is preparing to take aggressive measures to push the 10-year U.S. Treasury yield to around 5%. The Trump administration is not expected to pursue fiscal austerity policies, but instead aims to reduce debt via tax increases. Earlier reports noted that Bessent is eyeing the trillion-dollar "emergency fund pool" to cover U.S. Treasury obligations, leveraging the powerful tool of the Treasury General Account (TGA) to influence long-term bond yields.
16 minutes ago
Coinbase will list spot trading for BASECAT and DRB.
Coinbase to Launch Spot Trading for Basecat (BASECAT) and DebtReliefBot (DRB). If liquidity conditions are met and trading is supported in relevant regions, the BASECAT-USD and DRB-USD trading pairs will open today.
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 has posted a strong recovery over the past week, climbing nearly 31% to trade around $2,495. This surge comes as traders watch for signs of a broader altcoin season, yet key market trackers remain unconvinced a genuine altseason has begun.
Leading gains, but rotation remains limitedEthereum (ETH) saw its price climb to approximately $2,494.68, representing a daily gain of 2.59% and a weekly increase of 31.01%. Bitcoin (BTC) also experienced a solid performance, trading near $78,411 with a 23.25% rise over the same period.
A small number of altcoins outpaced Ethereum. XRP advanced roughly 49%, and Zcash (ZEC) gained about 64% in the past seven days. However, BTC maintained a dominant market position, accounting for over 59% of the total cryptocurrency market value. ETH’s share was recorded at about 11.4%, indicating that capital has not broadly shifted from Bitcoin to altcoins.
Market sentiment remains high, with CoinMarketCap reporting a Fear and Greed Index score of 80 out of 100, suggesting prevailing optimism among investors.
Coin7-Day Change (%)Market Share (%)Bitcoin (BTC)23.2559Ethereum (ETH)31.0111.4XRP49—Zcash (ZEC)64—Altseason trackers hold steadyThe concept of an altseason—when alternative cryptocurrencies outperform Bitcoin over an extended period—is closely monitored by indexes from CoinMarketCap and BlockchainCenter. These platforms set clear thresholds for defining such periods.
CoinMarketCap establishes an altseason as a period when at least 75 of the top 100 cryptocurrency assets outperform Bitcoin over a rolling 90-day span. If 25 or fewer outperform BTC, the tracker signals a “Bitcoin season” instead.
BlockchainCenter uses a similar methodology, analyzing performance among the top 50 coins. For an altseason declaration, at least 75% of these need to surpass BTC over 90 days. As of the latest readings, the BlockchainCenter index stood at 43, well below the altseason threshold.
BlockchainCenter reported that more than 332 days have passed since the last recognized altcoin season. Both indexes exclude stablecoins and asset-backed wrapped tokens from their calculations.
Mini dictionary: BlockchainCenter, an analytics platform specializing in cryptocurrency metrics, provides various indices to measure performance and market trends in digital assets. Its Altcoin Season Index is widely referenced to gauge market cycles between Bitcoin and alternative cryptocurrencies.
Market signals and expert outlooksOn August 24, Glassnode, an on-chain analytics company, wrote that the altcoin market “has entered a state of optimism,” noting that 85% of altcoins showed funding rates above their historical average. This marked the highest level since Bitcoin reached its all time highs. Glassnode added that such situations have previously persisted for several weeks during earlier altcoin seasons.
Glassnode observed, “In an alt season, these conditions can last for many weeks,” describing the current phase as marked by heightened optimism among altcoin holders.
Arthur Hayes, co-founder of BitMEX—a major cryptocurrency derivatives trading platform—expressed a bullish stance on Ethereum. In a conversation with Laura Shin, Hayes explained that ETH remains his second-largest holding after Bitcoin. He argued that Ethereum could rally above $3,000 and potentially exceed $5,000, given its perceived lower risk compared to smaller altcoins.
Hayes further remarked on the Altcoin Daily podcast that he expects ETH to outperform other large-cap assets during the current liquidity-driven phase, possibly pushing Bitcoin’s market dominance down toward 40%.
Arthur Hayes suggested Ethereum’s recent price action “leaves significant room to catch up,” emphasizing its potential to lead altcoins while moderating portfolio risk compared to less established tokens.
Lingering caution amid optimismDespite recent market enthusiasm, traders and analysts remain cautious. In June, Cryptopolitan reported that altcoin selling hit all-time highs, with the season index at 49. On June 30, more than 84% of altcoins were trading below their 200-day moving averages, marking the longest sustained downturn since the 2022 bear market.
CryptoQuant analyst Darkfrost pointed out that altcoins have remained highly correlated with Bitcoin, so even strong BTC rallies do not necessarily translate into sustained gains across the entire altcoin sector. This pattern has favored brief rallies in a small number of liquid assets, rather than widespread growth among alternative coins.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR ETH is trading at $2,443.79, up 1.34% over the past 24 hours. The key resistance level to watch sits at $4,811.71. Analyst JAVON MARK says ETH has gained roughly 55% since reclaiming support. Whales withdrew more than 54,700 ETH, worth about $121 million, from Binance. A breakout above resistance could open the door toward $8,500. Ethereum is trading at $2,443.79 as of August 23, 2026. That’s up 1.34% over the past 24 hours.
The price move comes after ETH reclaimed a support level. Market watchers are now looking at the next resistance test.
Trading volume for the day sits at $17.11 million. Ethereum’s market cap stands at $294.76 billion.
Crypto analyst JAVON MARK shared his view on X. He said Ethereum has extended its recovery after reclaiming a post-breakout support zone.
$ETH surged approximately 55% off of this post breakout support.
The breakout target it can be headed to retest is at a precise technical level of $4,811.71 and prices could be set this time to break above.
According to Mark, ETH has gained roughly 55% from that support level. He points to this as a sign of renewed buying pressure.
Mark’s post suggests bulls are working to build a stronger upward structure. He flagged $4,811.71 as the next key resistance for Ethereum.
Whale Activity Picks Up Onchain tracker Lookonchain also posted new data on X. The account reported that Ethereum whales have pulled large sums from Binance in recent weeks.
One wallet, labeled 0x2d59, withdrew 30,000 ETH worth $67.42 million. That brings the same wallet’s three-week total to 120,000 ETH, worth $237.7 million.
Abraxas Capital also withdrew ETH from Binance. The firm pulled 18,000 ETH, valued at $39.56 million.
A newer wallet, 0x2261, withdrew 6,704 ETH worth $14 million. Combined, these transactions add up to over 54,700 ETH worth about $121 million.
Withdrawals from exchanges often mean holders plan to keep coins rather than sell. Traders track this activity as a sign of demand.
What the $4,811 Level Means The $4,811.71 mark is described as the resistance standing between Ethereum and further gains. A clean break above it would confirm bullish structure.
Ethereum Price on CoinGecko If ETH clears that level, some analysts point to $8,500 as the next target. That target depends on the breakout holding.
Failure to break through could lead to consolidation instead. Ethereum may trade sideways or slip back if buyers lose momentum at resistance.
For now, Ethereum sits below the $4,811 mark while whale withdrawals continue. The combination of price action and exchange outflows remains the focus for traders watching ETH this week.
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.
Bithumb announced it will launch a new PROM Korean won (KRW) trading market, supporting Ethereum network-based deposits and withdrawals. Trading is scheduled to commence at 13:00 on August 24, with a base price of 3975 KRW. Deposits and withdrawals are expected to open within two hours of the announcement.
US crypto-related stocks show mixed performance in pre-market trading, with PURR rising over 3%.
According to market data from BIT (bit.com), U.S. pre-market crypto-related stocks were mixed, with: CRCL down 1.59%, MSTR down 0.36%, MARA down 1.15%, COIN down 1.37%, RIOT down 0.66%, BMNR up 0.51%, and PURR up 3.12%.
6 minutes ago
He Yi Reminds: CZ Does Not Use WeChat, Beware of Scams
Binance co-founder He Yi has issued a statement noting that CZ does not use WeChat. The highly active "Binance Mall" WeChat groups and the fake CZ accounts within them are run by scammers promoting pyramid schemes. Please alert one another to guard against fraud.
6 minutes ago
Analysis: Bull-Bear Indicator Reaches Bullish Inflection Point, Signals of Market Recovery Strengthen
CryptoQuant analyst Darkfost has published a post noting that the bull-bear market indicator has just shifted into the early phase of a bull market. Though the indicator is not a flawless market signal, this shift confirms that market conditions have improved notably. This trend warrants close monitoring in the weeks ahead.
6 minutes ago
Iranian Foreign Ministry Spokesperson: Has Not Yet Received an Invitation to Join the Mecca Agreement
Iranian Foreign Ministry Spokesperson stated, "We have not yet received an invitation to join the Mecca Agreement, but we have put forward a dialogue proposal to these countries (Saudi Arabia, Bahrain, Turkey) regarding regional security issues."
6 minutes ago
Hong Kong-listed large language model concept stocks continue to decline, with Zhipu AI falling more than 11%.
According to Bitget market data, Hong Kong-listed large language model concept stocks have continued to slump. Zhipu fell over 11% intraday, while MINIMAX dropped more than 10%.
6 minutes ago
Unitree Robotics has over 20 billion yuan wiped off its market cap in a single day.
C Yushu-W opened lower and trended downward today. By the close of trading, it was priced at 603.08 yuan, down over 10%, with a total market capitalization of 243.9 billion yuan. Calculated based on the previous trading day's closing price, Yushu Technology's market cap evaporated by more than 20 billion yuan intraday, and by over 200 billion yuan compared to its opening on the first day of listing.
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) hover around key levels on Monday, with a bullish bias but appearing stretched after surging over 23%, 31% and 53% in the previous week. Such a massive rally suggests the top three cryptocurrencies could consolidate or pull back in the short term as traders take profits.
Bitcoin’s risk of a corrective pause is risingBitcoin price trades at $77,150, extending its advance well above key Exponential Moving Averages (EMAs) and leaving the near-term bias bullish but stretched after a 23.58% surge last week. The 50-day EMA at $66,773, the 100-day EMA at $67,408 and the 200-day EMA at $71,834 now sit well below spot, suggesting a strongly supported uptrend, while the horizontal level at $80,000 acts as the next topside resistance reference above the market in this accelerated phase.
Momentum is overheated, with the Relative Strength Index (RSI) holding in overbought territory at 78 and the Moving Average Convergence Divergence (MACD) deeply positive, hinting that while buyers remain in control, the risk of a corrective pause is rising.
On the downside, any pullback is likely to first eye the 200-day EMA near $71,834, with additional EMA cushions at $67,408 and $66,774.
On the topside, a sustained push toward the $80,000 area would keep the uptrend intact despite the overbought momentum backdrop.
BTC/USDT daily chartEthereum trades at $2,415, holding a bullish near-term bias as price remains comfortably above the 50-day, 100-day and 200-day EMAs. The clustering of the short- and medium-term EMAs below the market suggests a well-supported uptrend, while the RSI near 76 hints at overbought conditions. The MACD is firmly positive, reinforcing strong upside momentum, though the elevated readings suggest a corrective pause is possible.
On the topside, immediate resistance is seen at the horizontal barrier around $2,500, followed by a more significant cap near $3,000.
On the downside, the first layer of support is the current trading area, with deeper protection from the 200-day EMA near $2,142 and the psychological $2,000 level. Below there, the 50- and 100-day EMAs around $1,984 and $1,973, respectively, should offer additional demand before any move toward the distant structural floor at $1,385.
ETH/USDT daily chartXRP surges over 50%XRP price trades at $1.467 on Monday, extending its strong upswing after surging over 50% in the previous week. Moreover, XRP is above the 50-day, 100-day, and 200-day EMAs at $1.141, $1.181, and $1.350, respectively, which now underpin a clear bullish near-term bias.
The move has been fueled by heavy participation, with recent volume well above prior weeks. At the same time, the RSI at 78 sits in overbought territory, hinting that the rally is stretched even as the MACD remains firmly positive, reinforcing upward momentum.
On the downside, initial demand is expected around $1.350, where the 200-day EMA clusters with prior price action, ahead of horizontal support at $1.300; deeper pullbacks would expose the 100-day EMA at $1.181 and the 50-day EMA near $1.141, with $1.000 marking a more distant structural floor.
On the topside, the next notable resistance is the horizontal barrier at $1.900, and with momentum already overheated, any test of this level could trigger profit-taking and a corrective phase toward the underlying EMA supports.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
(This story was corrected on August 24 at 05:13 GMT to say, in the second paragraph, that the horizontal level at $80,000 acts as the next topside resistance, not support.)
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.
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.
Decentralized lending protocol Term Finance lost an estimated $8.5 million after an attacker exploited governance control of its strategy vaults, according to blockchain security firms.
On Sunday, PeckShield said the attacker drained about 2,843 Ether (ETH), valued at $6.87 million at the time, and 1.68 million USDC, which was exchanged for approximately 1.68 million Dai (DAI). CertiK made a similar estimate, placing the total loss at around $8.5 million.
The reported loss represented about 68% of the $12.45 million held in Term’s vault product before the attack, including nearly all of its approximately $8.8 million in Ethereum deposits, according to DefiLlama data.
Term Labs said it had irreversibly shut down all Term Meta Vaults and revoked their DAO governance roles, preventing further deposits while keeping withdrawals open. Its investigation so far found the underlying Term protocol and its direct borrowing and lending markets were unaffected, though it was still verifying the scope.
Cointelegraph was unable to reach Term Labs for comment.
Attacker allegedly took control through governanceOnchain monitoring service Defimon said the attacker cheaply acquired a majority of a sparsely held governance token and passed proposals that allowed it to seize control of Term’s vaults. Term has not confirmed how the attacker obtained voting control or which governance functions were used.
The vault contracts use Yearn V3 infrastructure. However, Yearn said the attack involved a custom governance wrapper and the attack vector does not apply to standard Yearn vault setups.
Term said it was coordinating with external security teams on asset recovery and remediation. It said it would “explore paths to address” any remaining shortfall.
The incident follows an April 2025 oracle error that triggered about 918 ETH in unintended liquidations. At the time, Term recovered about 556 ETH, reduced its final loss to 362 ETH and reimbursed affected users, according to its postmortem. Following the incident, Term pledged third-party validation for critical updates and greater governance transparency.
Magazine: MiCA cracks down on USDT in Europe... but no one else cares
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Ledger quietly patched a vulnerability in its Ethereum hardware wallet app on August 12 that could have allowed a malicious decentralized application to swap out a legitimate transaction for a harmful one mid-signing. The fix shipped in Ethereum app version 1.22.2, but the company said almost nothing about it publicly until a security researcher forced the conversation.
The bug involved an APDU command race condition, a type of flaw where competing instructions can arrive at the device in a sequence that tricks the signing process. In practical terms, a user could have thought they were approving a small token transfer while actually authorizing unlimited token approvals to an attacker-controlled address.
How the vulnerability worked APDU stands for Application Protocol Data Unit, essentially the language that software on your computer uses to talk to the secure chip inside a Ledger device. During what Ledger calls “clear signing” flows, where the device displays human-readable transaction details on its screen, the race condition could have allowed a second, malicious APDU command to slip in and replace the original transaction data.
The attack would have required a compromised or malicious dApp to exploit the timing window. A user interacting with a trusted, legitimate application would not have been at risk.
Ledger’s internal security team, known as Donjon, discovered the flaw before any external researcher flagged it. The company said Donjon used AI-assisted tools to identify and resolve the issue.
The disclosure drama The patch landed on August 12 without fanfare. No security advisory, no blog post, no tweet thread. For about ten days, the fix existed in the wild with almost zero public awareness.
That changed between August 21 and 23, when a security researcher operating under the name TestMachine publicly disclosed the bug. TestMachine detailed the potential for transaction substitution and the mechanics of the race condition, drawing attention to a vulnerability that most Ledger users had no idea existed, let alone had been fixed.
TestMachine reportedly declined a bounty offer from Ledger.
Ledger CTO Charles Guillemet pushed back on the public disclosure, characterizing it as fear-mongering. Guillemet emphasized that any user running the latest version of the Ethereum app was already protected and that the vulnerability had been addressed before TestMachine’s public notice.
Clear signing and the bigger picture The vulnerability is particularly notable because it affected Ledger’s clear signing flows, the very feature designed to protect users from blind signing risks. Ledger has invested heavily in making clear signing the default, including previous work with the ERC-7730 standard aimed at standardizing how transaction data is displayed on hardware wallets.
No reports of funds lost to this vulnerability have surfaced. The patch was deployed proactively by Donjon before any external notice was filed.
For Ledger users, the immediate takeaway is straightforward: update your Ethereum app to version 1.22.2 or later if you haven’t already.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The Ethereum Foundation is putting its money where its cypherpunk ethos is. The organization has issued a call for abstracts on privacy-preserving technologies for the WPPT 2026 workshop, scheduled to take place in Hong Kong later this year.
What WPPT 2026 actually is WPPT stands for Workshop on Privacy-Preserving Technologies, a specialized academic gathering that brings together researchers working on the intersection of cryptography, blockchain, and data privacy.
Hong Kong as a venue choice is also worth noting. In Q2 2026, the foundation allocated support to the Hong Kong Polytechnic University’s Research Centre for Blockchain Technology, funding scholarships and events. It has also organized privacy-themed panels at Ethereum Hong Kong Meetups alongside Consensus 2026.
Privacy as a strategic priority The Ethereum Foundation’s recent organizational restructuring has placed renewed emphasis on three areas: protocol resilience, zero-knowledge proofs, and ecosystem tooling. Zero-knowledge proofs, or ZK proofs, allow one party to prove something is true without revealing the underlying data.
The foundation’s Institutional Privacy Task Force is actively working on enhancing privacy features and participating in broader discussions about Ethereum’s future upgrades.
The foundation is also a sponsor of Asiacrypt 2026, another significant cryptography event.
Why Hong Kong keeps showing up The support for PolyU’s blockchain research center is one concrete example. By funding scholarships, the foundation is cultivating the next generation of researchers who might work on Ethereum-related privacy problems.
What this means for Ethereum’s trajectory Every transaction on Ethereum is visible to anyone who cares to look, which is great for transparency and terrible for user privacy. The Ethereum Foundation’s investment in privacy research signals that it views this gap as a solvable engineering problem rather than an inherent limitation of the platform.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum has extended its recent recovery, recovering a key support level and attracting new buying interest. The latest price action has drawn market attention to an important technical resistance level, which may determine the rally’s momentum going forward. At the same time, large holders, often called whales, have stepped up their accumulation of ETH, pulling substantial amounts from exchanges and raising speculation about future gains.
Rising momentum meets critical resistanceAt press time, Ethereum (ETH) is priced at $2,443.79. In the past 24 hours, it registered a 1.34% increase, pushing its total market capitalization to $294.76 billion. The 24-hour trading volume stands at $17.11 million, signaling ongoing market activity amid price fluctuations.
Crypto analyst Javon Mark reported that Ethereum has staged an impressive rebound by reclaiming a vital post-breakout support zone. Since reaching this level, ETH has surged about 55%, marking a period of robust buying pressure. This rally suggests that bulls are working to form a stronger upside structure as attention shifts to the next key resistance point.
Javon Mark observed that Ethereum’s price has risen approximately 55% from a significant support level, with increasing momentum suggesting a bullish reversal may be underway.
The most crucial resistance now lies at $4,811.71. Should Ethereum close above this level, it could further encourage bullish sentiment, potentially paving the way for a move towards the $8,500 threshold. However, failure to break through this resistance area may prompt consolidation or renewed selling pressure.
LevelPrice (USD)SignificanceCurrent Price$2,443.79Recent support regainedResistance$4,811.71Major resistance pointPotential Target$8,500.00Upside projection if breakout occursWhale accumulation intensifiesOn-chain data provider Lookonchain detailed a wave of large ETH withdrawals from Binance, the global cryptocurrency exchange. Whale activity has accelerated, with significant sums of ETH moving into private wallets over the past weeks.
One notable wallet address, 0x2d59, executed a new withdrawal of 30,000 ETH valued at $67.42 million. Over the past three weeks, this address alone has withdrawn a cumulative 120,000 ETH, equivalent to $237.7 million. These movements highlight the strategy of large holders, who often attempt to reduce supply on exchanges to influence market dynamics.
Further recent withdrawals include a 18,000 ETH transaction by Abraxas Capital, totaling $39.56 million, and the creation of a new wallet, 0x2261, which withdrew 6,704 ETH valued at $14 million from Binance. Combined recent activity by large holders has resulted in more than 54,700 ETH, or $121 million, exiting exchanges.
Mini dictionary: Lookonchain, an on-chain analytics platform tracking large cryptocurrency transactions and whale behavior, provides data insights to help crypto traders and investors monitor market movements.
Eyes on potential breakoutThe next phase for Ethereum depends on whether it can clear the $4,811 resistance. A successful move above this level could generate renewed momentum, with the $8,500 mark becoming a target. Whale accumulation and active outflows from exchanges remain potential catalysts for further gains.
A failure to surpass the critical resistance could lead to market consolidation or increase the risk of a sell-off. However, ongoing large withdrawals suggest strong confidence among whales in Ethereum’s near-term prospects.
Significant whale withdrawals, including over $120 million in ETH from Binance, have fueled expectations for an impending breakout above resistance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ledger fixed a vulnerability affecting certain clear signing flows in its Ethereum application before another security company disclosed the issue publicly, Chief Technology Officer Charles Guillemet said on Aug. 23.
Summary
Ledger says its Ethereum app patch fixed vulnerable clear signing flows before public disclosure occurred. TestMachine claims a malicious application could replace transaction data while users reviewed Ledger device screens. Ledger’s chief technology officer Charles Guillemet says updated firmware and applications protect affected users now. No confirmed thefts tied to this specific signing vulnerability had surfaced by August 24, 2026. Ledger’s public repository shows continuing security fixes, but does not identify every deployed patch clearly. Guillemet said Ledger Donjon, the company’s internal security research team, discovered the bug using an artificial intelligence vulnerability research system. Ledger deployed the fix approximately two weeks before his statement, according to his post.
Users with current Ledger firmware and applications are protected, Guillemet said. No independently verified reports of funds stolen through this specific vulnerability had emerged by Aug. 24.
There's some FUD circulating about Ledger signers, pushed by a "smart contract security" company claiming a vulnerability in the Ledger Ethereum app.
There was a bug concerning certain clear signing flows. It was found by the @DonjonLedger using their AI-powered vulnerability…
— Charles Guillemet (@P3b7_) August 23, 2026 Ledger Ethereum app bug affected clear signing Clear signing is intended to show transaction details in a readable format on a Ledger device before the user approves them. It allows users to check amounts, addresses and smart contract actions instead of authorizing an unreadable transaction hash.
TestMachine, the security company behind the Azimuth artificial intelligence research tool, said the vulnerability could undermine this review process. According to the company’s public thread, a malicious application could allegedly send a competing command while a user was still reviewing the original transaction.
The reported issue involved Application Protocol Data Unit communication between the connected application and Ledger’s Ethereum app. TestMachine claimed this could let an attacker replace an expected transaction with another action before the user completed approval.
Under that scenario, a device could display one transaction while preparing another for signing. One possible result described by researchers involved replacing a limited transaction with a broader token approval.
Ledger acknowledged that a bug existed in “certain clear signing flows.” However, Guillemet did not publish a detailed technical description, affected version list or security advisory explaining the full attack requirements.
Ledger and TestMachine dispute the disclosure timeline TestMachine said its Azimuth system found the issue during an autonomous scan and validated it on a Ledger Flex. The company also claimed that shared code made other models potentially relevant, including Nano X, Nano S Plus, Stax and Apex devices.
Found by Azimuth during an autonomous scan of the Ledger Ethereum app. Validated on Flex. Shared and verified with the team. Declining any bounty. Same shared APDU/UI code across Nano X, Nano S Plus, Stax, Apex.
The power of always on securityhttps://t.co/fH5mO97Kkp
— TestMachine (@testmachine_ai) August 22, 2026 Those statements remain the company’s account of its research. A complete public proof of concept demonstrating fund theft across every named device was not available at publication time.
Guillemet disputed how the disclosure was presented. He said TestMachine contacted Ledger’s bounty program after the company had already shipped its fix. He further alleged that the researchers did not discuss the issue with Ledger’s bounty team before publishing claims that suggested it remained unresolved.
“It was fixed and deployed two weeks ago,” Guillemet said. He described claims that the problem remained active as “manufacturing fear for attention.” TestMachine, by contrast, said it shared and verified the finding with Ledger but declined a bounty.
Ledger’s public Ethereum application repository shows several security-related changes during August. These include fixes involving signing states, application context handling and message finalization. The available records do not clearly identify which change corresponds to the disclosed clear signing issue or confirm the precise deployment date across Ledger’s device application store.
Users should update firmware and the Ethereum app Ledger users should update the Ledger Wallet software, device firmware and installed Ethereum application. Updating only the desktop or mobile interface may not replace an outdated application running on the hardware device.
Users should also verify transaction details directly on the secure device screen. Ledger’s guide warns that blind signing remains risky because the device cannot present every smart contract action in a readable format.
As previously reported, Ethereum introduced human readable transaction summaries through the ERC-7730 standard. Ledger helped develop the system before stewardship moved to the Ethereum Foundation.
The latest incident differs from the previously reported Zilliqa signing flaw that exposed private keys. Zilliqa said that vulnerability affected its own native Ledger application and could not be corrected for keys already exposed through recorded signatures.
Ledger has not announced any compensation process, emergency transaction suspension or asset migration related to the Ethereum app issue. Further confirmation would require a technical advisory naming the affected versions, patched release and precise conditions needed to exploit the flaw.
Ethereum Price remains firmly supported after last week’s powerful advance, although momentum indicators now warn of overheating.
ETH price rose 30% on the week, making it highly susceptible to a consolidation or a short-term pullback. Traders can profit while keeping an eye on whether the big bull chart pattern will hold up if key support levels are breached.
Crypto Market Surges As BTC Holds $77k Bitcoin price hold near $77,000 on Monday, following a record weekly dollar gain of $14,264 and a 20% close. The rally contributed to a 0.6% increase in the total crypto market capitalization to $2.61 trillion in the last 24 hours.
The sentiment of markets also shifted to extreme greed as the Fear and Greed Index touched its highest level since December 2024 at 79. Bitcoin’s weekly gain hit 20%, while XRP’s stood at 50% and was trading around $1.48.
Source: CMC data That is an indication of crypto-specific demand, since there is only a weak correlation between digital and traditional markets. But as the major tokens have all overbought, recent momentum may stall before the next extended run to the upside is formed.
Ethereum ETF Inflows Reach $697 Million as Bitcoin Funds Lead Weekly Demand Ethereum exchange-traded funds (ETFs) recorded $697 million in net inflows in the previous week of trading.
The figures encompassed August 17 to August 21 and showed increased institutional interest in various cryptocurrency investment offerings.
Spot Bitcoin ETFs dominated the weekly net inflows as they garnered roughly $1.918 billion in net inflows for the week.
The XRP ETFs reported net inflows of $39.78 million, surpassing the combined inflows of Solana-based investment products during the same period.
Spot Bitcoin ETFs Recorded $1.918 Billion in Net Inflows Last Week
From Aug. 17 to Aug. 21 (ET), spot Bitcoin ETFs recorded net inflows of $1.918 billion. Spot Ethereum ETFs saw net inflows of $697 million, while spot Solana ETFs recorded $28.34 million, spot XRP ETFs $39.78… pic.twitter.com/K9F273H8t9
— Wu Blockchain (@WuBlockchain) August 24, 2026
The spot Solana ETFs took in $28.34 million while investors diversified beyond the Bitcoin and Ethereum market.
Spot HYPE ETFs received $3.89 million, the lowest out of the five cryptocurrency investment categories.
The majority of capital flowing into the cryptocurrency ETFs featured in the list was directed into Bitcoin and Ethereum funds.
Ethereum Price Eyes $2,700 Breakout as Bullish Momentum Holds The ETH Price surged to $2,453.91, gaining 4% during the latest four-hour period.
The RSI is currently trading at 66.74, indicating that the stock has a medium to strong trend. But the bearish MACD crossover indicates that the momentum is declining for a short time.
The future ETH outlook must close above $2,500 to confirm the next stage of its recovery. Such a breakout could target $2,550 initially, followed by $2,600 and $2,700.
Source: ETH/USDT 4-hour chart: TradingView If ETH can’t clear $2,500, it will head to the first support at $2,350. The rally could be tested for strength if there is stronger selling pressure towards $2,300. If it drops below $2,300, the eyes will turn to $2,200.
Key Takeaways A critical security flaw in Ledger’s Ethereum application was resolved on August 12 with version 1.22.2 released without public announcement The vulnerability was a race condition exploit allowing malicious applications to substitute legitimate transactions with fraudulent ones during the signing process The flaw was identified by Ledger’s own Donjon security team utilizing AI-powered research tools before external discovery A security expert known as TestMachine revealed the vulnerability publicly around August 21-23, prompting Ledger CTO Charles Guillemet to criticize the disclosure as attention-seeking As of August 24, 2026, no verified instances of cryptocurrency theft related to this security flaw had been documented On August 12, 2026, Ledger quietly deployed a security patch for a critical vulnerability affecting its Ethereum hardware wallet application. The update, released as Ethereum app version 1.22.2, contained a fix for a serious security issue that remained undisclosed to the public for nearly two weeks.
There's some FUD circulating about Ledger signers, pushed by a "smart contract security" company claiming a vulnerability in the Ledger Ethereum app.
There was a bug concerning certain clear signing flows. It was found by the @DonjonLedger using their AI-powered vulnerability…
— Charles Guillemet (@P3b7_) August 23, 2026
The security issue centered around a race condition vulnerability within APDU command processing. APDU, or Application Protocol Data Unit, represents the communication protocol that facilitates interaction between computer software and the secure element embedded within Ledger hardware wallets.
The vulnerability specifically affected clear signing operations, where users view human-readable transaction information on their device screen. A malicious command executed concurrently could intercept and substitute the original transaction with an unauthorized one before user approval was finalized.
In a practical attack scenario, victims could have inadvertently approved malicious transactions while believing they were authorizing benign operations. For instance, what appeared to be a minor token transfer could actually have granted unlimited token approval to an attacker’s wallet address.
Discovery and Internal Resolution Ledger’s proprietary security research division, Donjon, uncovered the vulnerability through internal auditing processes before any external security researcher reported it. The team leveraged artificial intelligence-enhanced security analysis tools to detect and remediate the issue.
The security patch was implemented silently without accompanying public communication. For approximately ten days following the fix deployment, no security bulletin, corporate blog post, or official notification was issued to inform users.
The situation changed dramatically when security researcher TestMachine independently discovered and publicly revealed the vulnerability between August 21 and 23. TestMachine provided technical details explaining the race condition mechanism and confirmed successful validation on a Ledger Flex hardware device.
According to TestMachine, shared codebase architecture suggested the vulnerability potentially affected multiple Ledger products, including Nano X, Nano S Plus, Stax, and Apex models. The researcher claimed to have notified Ledger of their findings but rejected the company’s bug bounty compensation offer.
Conflicting Accounts Between Ledger and Researcher Charles Guillemet, Ledger’s Chief Technology Officer, stated that TestMachine only reached out to Ledger’s bug bounty program after the security patch had already been distributed. According to Guillemet, the researchers failed to coordinate with Ledger’s security team before publishing statements that suggested the vulnerability remained unpatched.
Guillemet emphasized that the security fix had been operational for approximately two weeks before TestMachine’s public disclosure. He criticized the disclosure approach, characterizing it as deliberately sensationalized to attract publicity rather than prioritize user security.
TestMachine presented a contrasting narrative, asserting independent discovery and verification of the security flaw followed by appropriate notification to Ledger. The researcher opted to decline financial compensation and proceeded with public disclosure of the findings.
At the time of publication, no comprehensive exploit demonstration showing successful fund extraction across all affected device models had been made publicly available.
Ledger’s open-source Ethereum app code repository displays multiple security-focused commits throughout August, addressing signing state management and message finalization processes. However, repository records don’t explicitly link a specific commit to this particular vulnerability.
Users of Ledger hardware wallets should immediately verify they’re running the latest device firmware along with Ethereum app version 1.22.2 or newer. Simply updating Ledger Live desktop or mobile applications doesn’t automatically update applications installed on the physical hardware device.
As of August 24, 2026, Ledger has not initiated any user compensation program or issued emergency security protocols specifically related to this vulnerability.
Key Highlights ETH price rallied to its strongest level in over two months, establishing a bullish golden cross pattern Institutional appetite soared with US spot Ethereum ETFs attracting $697 million in net inflows over the past week Staking participation reached 35%, locking up 42.3 million ETH tokens on the network Bears suffered massive losses as $1.69 billion worth of short positions were liquidated across a three-day span Technical analysts eye $2,750 as the immediate target, with $3,000 emerging as a critical milestone Ethereum (ETH) broke through the $2,500 barrier this past week, marking its most significant price level since the middle of January. The upward momentum was fueled by substantial institutional capital inflows and a dramatic squeeze on bearish positions.
Ethereum (ETH) Price Investment into US-based spot Ethereum exchange-traded funds reached $697 million throughout the previous week. This represents a complete reversal from the prior week’s modest $2.2 million in outflows. August has proven particularly strong for ETH products, accumulating $939 million in fresh capital—significantly outpacing July’s $365 million intake.
BlackRock’s Ethereum ETF has emerged as the dominant player in the space, commanding $7.8 billion in total assets under management. Collectively, all US spot Ethereum funds now oversee $14.2 billion in assets, with aggregate net inflows since inception totaling $12.15 billion.
Spot Bitcoin ETFs Recorded $1.918 Billion in Net Inflows Last Week
From Aug. 17 to Aug. 21 (ET), spot Bitcoin ETFs recorded net inflows of $1.918 billion. Spot Ethereum ETFs saw net inflows of $697 million, while spot Solana ETFs recorded $28.34 million, spot XRP ETFs $39.78… pic.twitter.com/K9F273H8t9
— Wu Blockchain (@WuBlockchain) August 24, 2026
Friday saw ETH appreciate by 8%, building on momentum from a short squeeze that materialized earlier in the week. Within a single 24-hour window, $265 million in bearish bets were forcibly closed out, contributing to a staggering $1.69 billion in total short liquidations spanning just three days.
Market sentiment shifted noticeably bullish, with the Crypto Fear and Greed Index climbing to 76—firmly within greed territory. This upward sentiment swing coincides with broader risk appetite following Treasury Secretary Scott Bessent’s disclosure of expanded bond repurchase programs.
Technical Breakout and Chart Analysis Ethereum’s daily chart has printed a golden cross formation, characterized by the 50-day Weighted Moving Average crossing above the 200-day equivalent. Traders typically interpret this technical development as a bullish continuation signal.
Source: TradingView Currently, ETH is positioned above all major Exponential Moving Averages, including the 20-, 50-, 100-, and 200-day timeframes. That said, the 14-day Relative Strength Index has climbed near 87, while the Stochastic Oscillator hovers around 99—both metrics indicating overbought conditions.
Market analyst Ted Pillows highlighted on X that Ethereum’s recapture of $2,400 represented a crucial technical development, suggesting that a weekly close exceeding $2,450 would establish $3,000 as the logical next destination.
Network Activity and Staking Metrics Ethereum’s staking participation rate has climbed to 35%, with the total count of staked tokens now standing at 42.3 million. This elevation in staking activity signals strengthening conviction among long-term token holders.
On-chain analytics tracking Network Realized Profit/Loss indicate that distribution from wallets holding gains remains subdued. Meanwhile, the Age Consumed indicator—which monitors the movement of dormant coins—has exhibited minimal activity, suggesting that veteran holders are maintaining their positions despite the rally.
The Coinbase Premium Index, which measures price differentials for ETH prices between Coinbase Pro and Binance, has been trending higher but hasn’t yet crossed into positive territory. A shift to positive values would provide additional confirmation of intensifying US institutional demand.
Immediate resistance emerges at $2,545, representing this week’s peak. Beyond that level, technical watchers have identified $2,750 and $2,868 as subsequent upside objectives. On the downside, support is established at $2,172, followed by the 200-day EMA positioned near $2,130.
Ethereum most recently changed hands around $2,520, as ETF products appear positioned to record their strongest weekly performance of 2026.
Leading cryptocurrencies pulled back on Sunday after a sharp rally earlier in the week as geopolitical tensions tempered risk appetite.
Crypto Market Cools DownBitcoin climbed to $78,000, faced resistance, and then began consolidating. The apex cryptocurrency has jumped 22% over the week to hit levels last seen more than three months ago.
Ethereum’s trading volume fell 17% over the last 24 hours as it traded between $2,357 and $2,483. XRP and Dogecoin recorded notable declines.
Nearly $400 million was liquidated from the cryptocurrency market in the last 24 hours, with $220 million in bullish long positions erased, according to Coinglass data.
Open interest in Bitcoin futures fell marginally by 0.02% over the last day but remained 17% higher over the week. Retail and whale derivatives traders on Binance remained in a “Neutral” position.
“Greed” sentiment persisted in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.63 trillion, following a modest increase of 0.18% over the last 24 hours.
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Stocks Futures SlideStock futures ticked lower overnight on Sunday. The Dow Jones Industrial Average Futures fell 48 points, or 0.09%, as of 8:41 p.m. EDT. Futures tied to the S&P 500 dipped 0.03%, while Nasdaq 100 Futures slid 0.06%.
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Geopolitical tensions continued to weigh on investor sentiment as Treasury Secretary Scott Bessent said Washington will impose the “toughest sanctions in history” on Iran, with more details expected Monday.
Meanwhile, investors will be watching Wednesday’s release of the July personal consumption expenditures price index for new clues on inflation.
Bitcoin Headed to $82,000?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, predicted a “little dip” for Bitcoin on Sunday evening, followed by a continuation higher to break $82,700, while viewing $74,000 as a “massive area” to buy if tested.
Van De Poppe also weighed in on Ethereum’s potential, stating that ETH is more likely to make another run toward the highs in the coming days.
On the other hand, the analyst identified $2,200 as a potential entry point on any retest of lows.
Bitwise Asset Management took in more than $1.8 billion of new money in the first half of 2026, chief executive Hunter Horsley said Sunday. Crypto prices fell through most of it.
Tom Lee called the result outstanding. However, the money did not chase prices, as three of the four Bitwise product lines behind that total pay investors an income instead.
Why Lee Called It OutstandingHorsley posted the figure on Sunday. Net inflows measure new money in, minus money pulled out.
In H1 of this year, amidst a bear market, investors put over $1,800,000,000 into Bitwise products (“net inflows”),” the Bitwise executive shared.
Tom Lee, co-founder and head of research at Fundstrat Global Advisors, commented, lauding the team for growing significantly despite bearing market conditions.
— Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) August 23, 2026
Lee has stayed bullish through the slump. He ranked 17 crypto stocks earlier this week. Bitcoin (BTC) traded near $77,403 on Sunday, little changed.
What the Money Actually BoughtHorsley said four franchises each drew over $100 million. They were:
ETFs and ETPs (exchange-traded funds and products)
Private strategies
Staking, and
Vaults.
Three of them pay a yield. Bitwise numbers show how much.
Its vault, opened in January with the onchain lender Morpho, targets about 6% a year on stablecoins. Its tokenized Crypto Carry Fund held $259 million by late May and yielded 4%.
Carry sounds complex but is simple. The fund buys crypto, sells futures against it, and keeps the gap.
Staking drew the fastest money. Bitwise’s Solana staking fund passed $500 million just 18 days after listing last November. Rivals now rush to put Ethereum yield in ETPs.
The Fund That Sells Price Alone ShrankOne Bitwise product pays nothing. The Bitwise 10 Crypto Index ETF (BITW) holds a basket of large tokens. Bitcoin and ether are about 91% of it.
Its filings tell the story. Net assets fell from $1.03 billion on December 31 to $678 million on March 31. That is 34% gone in three months.
Two forces did it. Price per share dropped 24%. Investors also cashed out 2.25 million shares, about 13% of the fund.
Cost was not the reason. Bitwise had just cut the fee from 2.50% to 0.75% when the fund joined NYSE Arca in December. The same fund gained 94.8% in 2024.
Staff felt it too. A Bitwise workforce reduction on August 12 cut headcount from roughly 180 to 155.
Net inflows count deposits, not gains. Inside Bitwise, investors paid for yield and walked away from price.
TLDR: Short liquidations averaged $131.0M weekly, up 1,514% WoW, driving ETH’s 31% price surge. Base fees rose 189% and fees burnt jumped 251%, reversing two months of network compression. Binance funding turned positive at 0.01, its first sustained bullish tilt in months. Average deposit size fell 40% to 16.1 ETH even as total inflow rose 101% week-over-week. Ethereum posted a sharp rebound this week, climbing from a multi-week base near $1,870 to $2,517 before easing to $2,460.08.
The rally traces back to forced short covering rather than fresh spot buying. Trading volume over 24 hours reached $15.96 billion, while the token gained 1.88% in a single day and 31.20% across seven days.
Source: Coingecko
Liquidations Drive The Move While Fees Return Short liquidations averaged $131.0 million over the past week. That figure marks a 1,514% jump from the prior week and a 437% rise above the 90-day average. Long liquidations, by contrast, sat 40% below their quarterly norm during the same stretch.
Network activity shifted alongside the price move instead of leading it. Base fees rose 189% week-over-week, and the dollar value of fees burnt climbed 251%. Total network fees increased 138%, breaking a two-month stretch of compressed activity on the chain.
Derivatives markets showed a similar tilt. Binance funding rates now average 0.01, up 25% from last week and 95% above the quarterly baseline. This marks the first sustained positive funding reading in several months, pointing to renewed leverage building on the long side.
Taker buy volume reached $5.49 billion against $5.17 billion in sell-side volume. The gap suggests aggressive buying pressure met the short squeeze, adding momentum once liquidations began cascading through the order book.
Deposit Patterns Point To Smaller, Fragmented Flows Average deposit size told a different story than the price action. The seven-day mean inflow fell to 16.1 ETH, a drop of 40% versus the 90-day baseline. Even so, total inflow rose 101% week-over-week during the same period.
This combination indicates that ETH arrived on exchanges through many smaller transfers rather than large block deposits. Whale-sized inflows, typically a signal of concentrated selling intent, were notably absent from the recent data.
Netflow figures reinforced the fragmented picture. August 19 recorded a positive netflow of 51.2 thousand ETH, followed by a negative reading of 49.7 thousand ETH on August 20.
The swing between the two days points toward venue rebalancing among traders and platforms, not sustained directional pressure in either direction.
The Coinbase Premium, a gauge often used to track US spot demand, sits at -0.02. That reading marks its least negative level in recent weeks, though it stops short of confirming a shift toward organic buying.
Taken together, the current setup shows positioning-led price discovery running ahead of spot participation. Historical patterns for similar configurations have produced two outcomes: continuation once premiums turn positive, or a retreat toward the prior trading range if funding cools before spot demand catches up.
This week has been a rollercoaster ride for the cryptocurrency market. Bitcoin had its best week since 2023, surging by 23.47% from Monday to Friday. The world’s largest cryptocurrency climbed from roughly $62,800 to above $77,000, marking its strongest week in over three years.
Let’s dive into the top stories that shaped the crypto market this week.
Bitcoin’s Stellar WeekBitcoin’s impressive rally was fueled by two catalysts from Washington. The cryptocurrency’s significant gain marks its best performance since March 2023. The world’s largest cryptocurrency has spent most of 2026 watching other assets rally, but this week it took center stage.
Read the full article here.
Coinbase CEO’s Bullish PredictionBrian Armstrong, CEO of Coinbase Global Inc., believes that the year-long crypto spot trading bear market is nearing its end. Armstrong expressed optimism about the upcoming CLARITY Act vote, stating that he expects it to secure over 60 votes.
Read the full article here.
VanEck’s Bitcoin Price TargetMatthew Sigel, Head of Digital Asset Research at VanEck, reiterated his $100,000 Bitcoin price target for 2027. Sigel also suggested that a $500,000 price point by 2029 is plausible if the cycle “plays out as usual.”
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Read the full article here.
Dogecoin’s SurgeDogecoin experienced a surge as speculative momentum built across digital asset markets. The rally was primarily driven by President Donald Trump’s renewed call for federal regulatory reform and support for the CLARITY Act.
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Read the full article here.
Ethereum’s Potential RallyArthur Hayes, Chief Investment Officer of Maelstorm, suggested that Ethereum could hit $5,000 by the end of the year. Hayes cited market positioning and liquidity as the primary reasons for his bullish outlook.
Read the full article here.
Disclaimer: This content was produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
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An analyst known for making timely crypto calls is revealing his bullish price targets for Ethereum (ETH), including a potential move to five figures.
The pseudonymous analyst DonAlt tells his 788,700 followers on X that it is within the realm of possibility for Ethereum to surge to five figures.
“Target for ETH is $4,000. If we’re strong there, $10,000. If we’re not, $4,000 it is.
I’ll probably sell halfway into the rally as usual. You guys will call me washed and rinse, repeat. Nothing ever changes.”
With Ethereum trading above $2,400, DonAlt unveils the next technical resistance for ETH.
“Sometimes it’s really that easy. Man, this is fun. The market should do this more often. Next resistance is $4,000.”
Source: DonAlt/X At time of writing, Ethereum is trading at $2,419.
Looking at Bitcoin (BTC), DonAlt believes that the flagship cryptocurrency can potentially rally to as high as $90,000.
“Already retraced 25% of the bear market. How about we make it 50%?”
Source: DonAlt/X At time of writing, Bitcoin is worth $76,429.
As for his timeline to unload his crypto, the analyst says he plans to hold his digital asset stack for multiple months.
“I’m not selling. Come back to me in three to six months and then we can talk about it. Doesn’t matter where the price goes. I won’t sell unless a couple of months have passed. Ready to round-trip the entire thing if need be.”
Another day and yet another blow to crypto security. On the 23rd of August, Term Finance, a DeFi lending & borrowing protocol on Ethereum [ETH], was attacked.
Rather than directly breaking into the protocol through a smart contract bug, the illicit actor took advantage of the weakness in Term Finance’s DAO governance system.
Source: Term Finance/X How did the hacker drain millions in ETH? A relatively small amount of Term’s governance token was actively available in the market. Using this as an opportunity, the wrongdoer bought a large enough portion of the governance tokens at a low cost to gain majority voting power.
Soon after the attacker got enough votes for approval, they simply went ahead and submitted and approved malicious governance proposals. This, in turn, gave the attacker control over Term Finance’s vaults, which hold users’ assets.
But before that, the attacker reportedly funded the operation with 2 ETH sourced through Tornado Cash. This caused a drain of approximately $8.5 million from Ethereum. 2,843 ETH, worth $6.87 million, alongside 1.68 million USDC were compromised. The attacker swapped those tokens for roughly 1.68 million DAI.
2026 becomes the worst year for Ethereum A recent security report from Blockaid uncovered that in H1 2026, crypto theft and fraud losses exceeded $1 billion. Wherein, Ethereum accounted for the largest share of losses, worth approximately $332 million.
Source: Blockaid Ethereum’s losses were largely driven by smart contract and application-layer exploits, including vulnerabilities in bridges, privileged accounts, and protocol logic.
ETH was not spared This was in line with AMBCrypto’s recent report on the Verus-Ethereum Bridge hack, which was attacked for the second time in July, with attackers draining approximately $7.54 million.
Back in May, nearly $11.58 million was compromised in a similar attack. This repeated attack has further raised questions about whether the earlier vulnerability was fully fixed.
All this happened as the price of Ethereum, which was trading around $4k in the middle of January, was down to $2412 at press time.
In a year, ETH has declined by 48.9% as per CoinGecko’s yearly data, thanks to attacks, regulatory uncertainty, geopolitical tensions, Fed rate cuts, and a lot more.
Final Summary The offender bought a large enough portion of the governance tokens at a low cost and got access to majority voting power. In H1 2026, Ethereum accounted for the largest share of funds lost in crypto frauds, with $332 million.
Term Labs, an Ethereum-based protocol for fixed-rate lending, has confirmed an $8.5 million loss after its Ethereum Vaults were compromised through a governance exploit. The incident was first flagged by security analysis firms CertiK and PeckShield, both of which detected suspicious activity on August 23 and linked the breach to vulnerabilities in the protocol’s vault governance controls.
Attacker Gains Control over Ethereum VaultsAccording to data provided by CertiK and corroborated by Term Labs, the attacker’s wallet currently holds approximately 2,843 ETH, valued at about $7.1 million, and $1.6 million in DAI, making up the majority of the stolen assets. Preliminary analyses indicate the attacker did not exploit a smart contract flaw, but instead used governance controls, possibly by amassing sufficient voting power to redirect funds from the Ethereum vaults.
Term Finance, the protocol built by Term Labs, operates as a platform for fixed-rate lending using vault infrastructure to enable liquidity and lending strategies. The core of its security structure relies on multiple governance roles and risk controls. Among these is vault governance, which allows liquidity providers considerable authority over protocol decisions, including asset management and parameter updates.
CertiK issued a public warning on social media, highlighting the incident and urging users to remain vigilant regarding governance-based threats targeting DeFi protocols.
CertiK detected a governance attack affecting Term Labs’ protocol, resulting in the loss of approximately $8.5 million in digital assets. The stolen funds are currently held at a single address, which includes large quantities of ETH and DAI, underlining the critical need for secure governance practices in DeFi.
Mini dictionary: Term Labs is a company developing fixed-rate DeFi lending solutions on Ethereum, using customizable vaults governed by token holder voting to set parameters and manage fund risk.
Governance Risks and Prior IncidentsThis latest breach spotlights the ongoing risks connected to decentralized governance models. If a malicious party accumulates enough voting power, they can authorize critical changes, such as asset transfers, without triggering protocol alarms. The timing also draws attention as Term Finance recently launched Term V2, introducing a revamped architecture for fixed-rate DeFi markets.
Earlier, Term Labs experienced a separate $1.5 million loss from a price-feed error in 2025, which the team reported had since been addressed. With this new exploit, pressure mounts on the company to evaluate operational safeguards, particularly around governance controls.
Describing the ongoing response, Term Labs stated that investigations continue and additional details will be shared after further analysis. The company’s incident-handling policy describes containment and recovery procedures, with a focus on assessing how voting control was obtained and which vaults or assets may still be at risk.
Wider Trends: Governance Attacks in DeFiGovernance-related vulnerabilities are not unique to Term Labs. In July, decentralized protocol BonkDAO lost $20 million after an attacker gained enough BONK tokens to pass a proposal transferring assets from the treasury. The attacker reportedly acquired this voting power for $4.4 million, illustrating the dangers posed by low token-voter participation in governance ecosystems.
A similar event occurred in 2026 with the TOP protocol, where attackers rapidly pushed through a malicious proposal by seizing majority voting rights, thereby outpacing community intervention. Security analysts consistently recommend deploying time locks, robust quorum structures, emergency controls, and monitoring systems to counteract such risks in DeFi governance frameworks.
ProtocolYearAttack MethodAmount LostTerm Labs2026Governance exploit$8.5 millionBonkDAO2026Quorum manipulation$20 millionTOP Protocol2026Majority voting captureUnknownThe aftermath for Term Labs centers on resolving its governance vulnerabilities and determining the safety of user assets before resuming full protocol operations. The investigation is ongoing and recovery plans are being assessed.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum ($ETH) staged a sharp comeback last week, climbing to its highest level since January and confirming a golden cross on the daily chart. The move has coincided with a fresh wave of ETF inflows, with US spot Ethereum ETFs pulling in roughly $697 million over the week.
Ethereum ETF Inflows are Rising Amid a Risk-On SentimentAmerican investors are boosting their Ethereum ETF purchases as a risk-on sentiment continues. SoSoValue data shows that these funds had $697 million in inflows last week, a big reversal after they lost $2.2 million in the previous week.
These funds have now added $939 million in inflows this month, much higher than the $365 million they added in July. That is a sign that institutional and retail investors have moved to an accumulation phase.
Spot Ethereum ETFs have had cumulative net inflows of $12.15 billion since their inception and now hold $14.2 billion in assets. BlackRock’s ETH holds the most assets with $7.8 billion. It is followed by funds by companies like Grayscale and Fidelity.
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Meanwhile, the amount of staked ETH tokens is rising. StakingRewards data shows that the staking ratio has jumped to 35%, with the number of staked tokens rising to 42.3 million.
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Ethereum jumped sharply as the Crypto Fear and Greed Index jumped to the greed zone of 76. That is a sign that investors are embracing a more risk-on sentiment.
The breakout was driven by a rotation to cryptocurrencies after Scott Bessent announced a major intervention in the bond market. This announcement drove more investors to Bitcoin (CRYPTO: BTC), which has a supply cap of 21 million coins. Bitcoin’s rebound also benefited altcoins, which have a close correlation with it.
Ethereum Price Has Formed a Golden Cross PatternTechnicals suggest that Ethereum price has more upside to go in the near term. It has already formed a golden cross pattern as the 50-day and 200-day Weighted Moving Averages (WMA) crossed each other. This pattern often leads to more gains as it sends a message that the momentum is accelerating.
The coin has already moved above the important resistance level of $1,975, its highest point on July 27. Also, it is slowly forming a bullish pennant pattern, a common continuation sign. This pattern is made up of a vertical line and a symmetrical triangle.
Therefore, the token will likely have a bullish breakout, potentially to the psychological level of $3,000. This view will be confirmed if it jumps above this week’s high of $2,545.
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An artificial intelligence (AI) security firm went public with a Ledger Ethereum app bug. Ledger says it had already fixed the flaw quietly, two weeks earlier.
Chief technology officer Charles Guillemet called the disclosure fear-mongering. The patch shipped on August 12 with a one-line note and no security bulletin.
What the Ledger Ethereum App Bug Actually DidLedger sells one core promise. The screen shows you what you are signing. That promise has a name. Ledger calls it clear signing, and it turns raw transaction code into plain words on the device screen.
TestMachine says it found a way around that. The firm builds an AI agent called Azimuth that hunts exploits in smart contracts. On its own EVMBench benchmark, Azimuth catches 86.3% of known bugs with roughly 2.7% false positives.
Found by Azimuth during an autonomous scan of the Ledger Ethereum app. Validated on Flex. Shared and verified with the team. Declining any bounty. Same shared APDU/UI code across Nano X, Nano S Plus, Stax, Apex.
The power of always on securityhttps://t.co/fH5mO97Kkp
— TestMachine (@testmachine_ai) August 22, 2026
Here is the flaw in plain terms. A malicious website could send the device a second command while you were still reading the first one.
The channel between browser and device is called the Application Protocol Data Unit, or APDU. It kept listening during the review. So it accepted the swap.
You would read a small transfer on screen. Then you would tap approve. And you would actually sign an unlimited token approval to a stranger.
That last part is why this matters. Chainalysis has traced roughly $1 billion in crypto stolen through approval phishing since May 2021. Those victims signed the approvals themselves.
TestMachine says it confirmed the bug on a Ledger Flex. Ledger has sold more than 7 million devices across 180 countries.
Ledger’s Donjon Team Says It Got There FirstGuillemet flips the timeline. Donjon is Ledger’s in-house hacking team. He says it caught the bug with its own AI tools and shipped the fix first.
The public changelog backs the date. Version 1.22.2 landed on Aug. 12. Its entire security note says “Security issues.”
Donjon has published 22 numbered security bulletins. None of them covers this bug. The latest, dated June 4, deals with a Monero key-recovery issue instead.
That silence is the gap TestMachine walked into. Ledger closed the hole, then never told owners what it had closed.
Guillemet’s sharper complaint is about manners. He says TestMachine contacted the bounty program only after the patch shipped. It never spoke with the bounty team.
“…Then they published a thread implying the problem is unsolved. It is not. That’s not security research. That’s manufacturing fear for attention,” Charles Guillemet, Ledger CTO remarked.
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TestMachine praised the speed of the fix and turned down the reward. Ledger pays bounties in Bitcoin, at an amount it sets case by case.
AI Found the Bug Twice, But Humans Still FoughtBoth sides used machine learning to reach the same defect. That is the part worth watching.
Ledger has made this argument before. Its executives have said for months that AI attackers threaten wallets more than weak hardware does.
Guillemet drew his line at discipline.
“AI-speed research only makes the ecosystem safer if the people doing it still follow basic security principles. Disclose responsibly. Verify before you publish. Don’t confuse noise with a finding.”
The fight itself is familiar. Security firms have gone loud after hacking a Trezor device, and CertiK researchers fought Kraken over disclosure terms in 2024.
So is the flaw. Back in January 2021, Donjon disclosed that this same Ethereum app failed to show transaction data for unsupported assets. Same app, same lesson. What you saw was not what you signed.
AI now surfaces these bugs in hours. Vendors and researchers still coordinate at human speed. That gap is where this argument lives.
For owners, the fix is dull. Open Ledger Live, update the Ethereum app, and check that it reads 1.22.2.
Solana’s real-world asset ecosystem crossed $4 billion in total value for the first time on August 23, marking a milestone that would have seemed laughable at the start of the year. Back in January, the network’s RWA tally sat at roughly $1.4 billion. That’s a near-tripling in under eight months.
The growth wasn’t a sudden spike, either. Over the preceding 30 days alone, Solana’s RWA ecosystem absorbed $263 million in net inflows, translating to a 10.6% growth rate in a single month. For context, Ethereum, the undisputed heavyweight of tokenized assets, saw $337 million in outflows over the same period.
What’s driving the surge Tokenized US Treasuries remain the anchor of Solana’s RWA story, accounting for $1.2 billion of the total. That segment grew 16% within the measured period.
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Tokenized equities have emerged as a serious growth engine on the network. Products like xStocks by Backed Finance helped push trading volumes on Solana’s decentralized exchanges past $5.8 billion in the second quarter of 2026.
The trajectory has been remarkably consistent. Solana’s RWA value hit approximately $3 billion in June, climbed to somewhere between $3.4 billion and $3.7 billion in July, and then punched through the $4 billion ceiling in August.
Data from rwa.xyz shows over 348,000 wallets now hold RWA tokens on Solana.
Ethereum’s uncomfortable mirror Ethereum still dominates the RWA landscape with roughly $17.2 billion in total value. While Solana pulled in $263 million over 30 days, Ethereum hemorrhaged $337 million over the same window.
Solana is now positioned to potentially overtake BNB Chain for the second spot in the RWA rankings.
Solana offers sub-second finality and transaction costs measured in fractions of a cent. Traditional stock markets operate on T+1 settlement. On-chain equities on Solana settle in roughly 400 milliseconds.
Why the RWA race matters BlackRock, Franklin Templeton, and other major asset managers have already begun tokenizing funds, and the chain they choose for distribution becomes a critical infrastructure decision.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: Solana price prediction keeps $114 to $116 in view while SOL holds the $95.13 Fibonacci level and challenges resistance near $100. Solana controls $75.4 million of tokenized-stock DeFi deposits, representing 64.5% of the market tracked by Token Terminal. Solana attracted $263 million in 30-day RWA inflows while Ethereum recorded $337 million in outflows during the same period. A weekly Elliott Wave chart maps a possible $160 to $180 recovery, but a decisive break below the recent low would invalidate the setup. Solana traded near $95 after rebounding from the $60 region, while fresh tokenization data strengthened its network story. The Solana price prediction now combines a 26% weekly recovery with growing use of tokenized stocks inside decentralized finance. Token Terminal data place Solana at $75.4 million in related DeFi deposits, equal to 64.5% of the tracked market.
Ethereum, BNB Chain and Base trail that total. SOL still faces immediate resistance around $99 to $100. Yet its stronger on-chain activity gives traders a fundamental signal alongside the technical rebound. Support at $95.13 now separates consolidation from a deeper pullback over coming sessions.
Solana SOL Price Solana Price Prediction Gains Support From Tokenized Stocks The latest deposits show tokenized stocks moving beyond issuance into lending, liquidity and collateral markets. That shift matters because assets become more useful when holders can deploy them inside DeFi. Solana’s low fees and fast settlement support frequent transfers, smaller positions and continuous trading.
The broader real-world asset market reinforces that pattern. Solana attracted $263 million over the 30 days ending Aug. 19. Ethereum recorded $337 million in outflows during the same period. The contrasting moves produced a $600 million swing, although they do not prove direct migration between networks.
Solana’s RWA value reached $3.8 billion by Aug. 19, then crossed $4 billion four days later. Ethereum still held about $17.2 billion, giving it a larger base. Solana grew 10.6% over 30 days, compared with Ethereum’s 1.3% increase. That strengthens the Solana price prediction without guaranteeing token appreciation.
Tokenized Treasuries provide another source of growth. Their value on Solana rose 16.1% to $1.2 billion during the period. Treasury products can serve as cash-management instruments and collateral for institutions. A deeper pool can attract larger transactions and improve the network’s appeal to asset managers.
Source:Token Terminal data Tokenized stocks also generated $5.8 billion in spot DEX volume during the second quarter. Solana handled about 95% of global on-chain equity DEX activity. That concentration supports the network’s competitive position, but activity does not flow automatically to SOL holders.
The protocol burns roughly 650 SOL daily while issuing nearly 60,000 SOL. Therefore, fee destruction offsets only about 1% of new issuance. With no fixed supply ceiling, stronger tokenized asset use may not create immediate scarcity. The Solana price prediction still depends on market demand absorbing that supply.
SOL Price Charts Keep Key Fibonacci Levels in Focus SOL price trades near the 23.6% Fibonacci retracement at $95.13. More Crypto Online labels the current structure a fourth-wave correction following an advance from the upper $70s. Holding that level would preserve the short-term bullish count, although the correction may extend.
A break below $95.13 could expose the 38.2% retracement at $90.69. The 50% level at $87.26 forms the next support. Those prices define a wider area where buyers could defend the rebound. Losing them would weaken the immediate Solana price prediction and increase downside risk.
The first upside test sits between $99 and $100. A sustained move above that range would suggest buyers have absorbed the pullback. More Crypto Online maps a possible fifth-wave advance toward $114 to $116. The target remains conditional on support holding and resistance breaking.
Rod’s weekly chart presents a broader recovery scenario. It treats the fall from the 2025 highs as a completed A-B-C correction near $60. Under that count, SOL price could form higher lows before targeting $160 to $180. It must first reclaim $100 and move through the $120 to $140 region.
The Solana price prediction fails under either chart if the recent correction low breaks decisively. Elliott Wave counts can change when new price data alter the pattern. Traders are watching $95.13 and $100 for short-term confirmation. Rod’s weekly setup uses the recent $60-area correction low as its invalidation level.
Base ecosystem token POD surges over 23.7%, market cap surpasses $264 million
According to GMGN monitoring, Base ecosystem token POD (dphn.ai) recorded a sharp 23.7% rebound today, with its price surging over 45% in the past three days, pushing its market capitalization above $264 million. Yesterday, Coinbase added BASECAT, DRB, POD and GRASS to its asset listing roadmap. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.
27 minutes ago
The altcoin market maintains its upward momentum, with AAVE surging past $130, while ZRO, DGB, STX, and PUMP lead the gains.
According to HTX market data, the altcoin market maintained its upward trend over the weekend, with multiple tokens posting strong gains. Top performers include: ZRO up 20.40% in 24 hours, trading at $1.198; DGB rose 18.47% in the same period, at $0.00494; STX gained 16.24%, priced at $0.2341; PUMP jumped 15.67% to $0.005314; FF added 14.18%, trading at $0.08578; ENA up 11.68%, now at $0.1760; ETHFI rose 9.27%, at $0.6374; MORPHO gained 8.47%, priced at $2.433; PENDLE up 7.25%, trading at $1.775; YB added 7.09%, at $0.0967; SAGA jumped 6.71%, now at $0.01527; XPL rose 6.65%, priced at $0.10437; BOME gained 6.33%, trading at $0.0012187; AAVE up 5.53%, at $132.6.
27 minutes ago
Michael Saylor: The most remarkable breakthrough of Bitcoin is the conversion of economic resources into digital form.
MicroStrategy founder Michael Saylor said Bitcoin’s most remarkable breakthrough lies in its ability to convert economic resources into digital form and securely link them to individuals, households, companies, machines, or nations.
27 minutes ago
Tom Lee: Next week could be a pivotal window for the direction of US stocks, with the return of AI sector confidence as the key factor, and remarks from Jensen Huang and the Federal Reserve as two major variables.
BitMine Chairman Tom Lee told CNBC that next week could mark a turning point for the stock market. Trading in AI stocks has stalled amid concerns over data centers and U.S. political opposition, Lee noted. The key question is whether confidence in AI can rebound after this stagnation. If NVIDIA CEO Jensen Huang can demonstrate at an upcoming event that demand for AI computing power remains robust, it will help reinject market confidence and lift the AI sector out of its consolidation. Lee also stressed that uncertainty surrounding the Federal Reserve continues to build, with a series of upcoming public appearances by Fed officials serving as another key market signal. The S&P 500 has recently hovered around 7,678 points, down approximately 1.4% this week, as the market faces dual doubts about the sustainability of AI capital expenditures and the path of monetary policy. Next week is a critical window to observe the market’s directional choice, and whether AI demand signals and Fed policy expectations can resonate will determine the short-term trend of risk assets.
27 minutes ago
HYPE’s iron long positions generated $57.18 million in profits over 10 months, with the position value reaching as high as $110 million.
According to EmberCN’s monitoring, as HYPE surges past $80 to hit a new all-time high, a veteran diamond-handed trader who has held long HYPE positions for 10 months has pocketed $57.18 million in profits. Their position value has grown from an initial $53.38 million to $110 million: they opened a long position of 1.38 million HYPE at $38.6 last November. Over the 10-month holding period, they paid $4.98 million in funding fees and still show no signs of taking profits.
27 minutes ago
Trader 0x2035 has already doubled his money on @Aster_DEX. His 666 $ETH ($1.61M) long is currently up $219K (+150%).
Trader 0x2035 has already doubled his money on @Aster_DEX. His 666 $ETH ($1.61M) long is currently up $219K (+150%).
Base ecosystem token POD surges over 23.7%, market cap surpasses $264 million
According to GMGN monitoring, Base ecosystem token POD (dphn.ai) recorded a sharp 23.7% rebound today, with its price surging over 45% in the past three days, pushing its market capitalization above $264 million. Yesterday, Coinbase added BASECAT, DRB, POD and GRASS to its asset listing roadmap. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.
27 minutes ago
The altcoin market maintains its upward momentum, with AAVE surging past $130, while ZRO, DGB, STX, and PUMP lead the gains.
According to HTX market data, the altcoin market maintained its upward trend over the weekend, with multiple tokens posting strong gains. Top performers include: ZRO up 20.40% in 24 hours, trading at $1.198; DGB rose 18.47% in the same period, at $0.00494; STX gained 16.24%, priced at $0.2341; PUMP jumped 15.67% to $0.005314; FF added 14.18%, trading at $0.08578; ENA up 11.68%, now at $0.1760; ETHFI rose 9.27%, at $0.6374; MORPHO gained 8.47%, priced at $2.433; PENDLE up 7.25%, trading at $1.775; YB added 7.09%, at $0.0967; SAGA jumped 6.71%, now at $0.01527; XPL rose 6.65%, priced at $0.10437; BOME gained 6.33%, trading at $0.0012187; AAVE up 5.53%, at $132.6.
27 minutes ago
Michael Saylor: The most remarkable breakthrough of Bitcoin is the conversion of economic resources into digital form.
MicroStrategy founder Michael Saylor said Bitcoin’s most remarkable breakthrough lies in its ability to convert economic resources into digital form and securely link them to individuals, households, companies, machines, or nations.
27 minutes ago
Tom Lee: Next week could be a pivotal window for the direction of US stocks, with the return of AI sector confidence as the key factor, and remarks from Jensen Huang and the Federal Reserve as two major variables.
BitMine Chairman Tom Lee told CNBC that next week could mark a turning point for the stock market. Trading in AI stocks has stalled amid concerns over data centers and U.S. political opposition, Lee noted. The key question is whether confidence in AI can rebound after this stagnation. If NVIDIA CEO Jensen Huang can demonstrate at an upcoming event that demand for AI computing power remains robust, it will help reinject market confidence and lift the AI sector out of its consolidation. Lee also stressed that uncertainty surrounding the Federal Reserve continues to build, with a series of upcoming public appearances by Fed officials serving as another key market signal. The S&P 500 has recently hovered around 7,678 points, down approximately 1.4% this week, as the market faces dual doubts about the sustainability of AI capital expenditures and the path of monetary policy. Next week is a critical window to observe the market’s directional choice, and whether AI demand signals and Fed policy expectations can resonate will determine the short-term trend of risk assets.
27 minutes ago
HYPE’s iron long positions generated $57.18 million in profits over 10 months, with the position value reaching as high as $110 million.
According to EmberCN’s monitoring, as HYPE surges past $80 to hit a new all-time high, a veteran diamond-handed trader who has held long HYPE positions for 10 months has pocketed $57.18 million in profits. Their position value has grown from an initial $53.38 million to $110 million: they opened a long position of 1.38 million HYPE at $38.6 last November. Over the 10-month holding period, they paid $4.98 million in funding fees and still show no signs of taking profits.
27 minutes ago
Trader 0x2035 has already doubled his money on @Aster_DEX. His 666 $ETH ($1.61M) long is currently up $219K (+150%).
Trader 0x2035 has already doubled his money on @Aster_DEX. His 666 $ETH ($1.61M) long is currently up $219K (+150%).
Nearly $100 million in longs were wrecked in the past hour.
Bitcoin’s price suddenly dipped to $75,500 after it failed to remain above $77,000 during the weekend. Most altcoins have followed suit, including the largest ones, which performed a lot better on Friday and Saturday.
This volatility, untypical for the weekend, came amid reports that one of the most prominent market makers, Wintermute, had gone short on a few fronts.
At first, Onchain Lens noted that the company sent nearly $60 million in BTC and SOL to Binance and Coinbase, likely intending to sell. In addition, the analytics resource said Wintermute has built up a massive futures position on Hyperliquid.
Although current on-chain data shows that the company has a $13.85 million long position, the lion’s share of this leveraged trade is shorting the market – $146.19 million.
WINTERMUTE IS HEAVILY SHORT 🐻
Wintermute currently holds $160.03M in open positions on Hyperliquid, with $146.19M short and just $13.85M long.
The positions are sitting at a combined unrealized loss of $3.66M, while earning $2.14M in funding.
Bitcoin’s price, which had one of its most impressive weeks in years, surging from $64,000 to almost $80,000 in less than 48 hours, reacted with a dip on Sunday morning. The asset had calmed at over $77,000 but slipped by over a grand and a half to $75,500. It found some support there, and now sits above $76,000, but it’s still 2% down on the day.
Many altcoins have posted more painful losses. ETH has dropped by 5% to well below $2,400, while XRP is down by 6.5%. Ripple’s token was rejected at $1.70 on Friday evening and Saturday morning, and is now back below $1.50.
You may also like: Bitcoin’s Rally to $80K Sends Investor Greed to Highest Level Since the October 2025 Crash Bitcoin and Gold Are Surging Together: The ‘Debasement Trade’ Is Back What Sent Bitcoin Flying Above $71,000? 5 Factors Behind the Surge CoinGlass data shows that almost $100 million in logs were wrecked in the past hour, with BTC and ETH holding the same share of around $41.5 million each. On a daily scale, the total liquidations top $350 million, with more than 90,000 traders getting wrecked, which is a lot for a weekend.
This Sunday correction came after a few signals suggested that bitcoin is due for a pullback after gaining $15,000 in days.
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.
Privacy is now an increasingly important area of research in modern cryptography. On Friday, Vitalik Buterin published the third part of his series dedicated to cryptographic obfuscation. This time, he studies “local mixing,” a method that abandons lattices and elliptic curves. His approach is rather inspired by hash functions and symmetric cryptography. This approach hides the internal logic of a program while preserving its operation, with implications for privacy on the blockchain.
In brief Vitalik Buterin presents “local mixing”, a new approach to cryptographic obfuscation. This method abandons lattices and elliptic curves in favor of ideas derived from hashing. The process transforms logical circuits to hide their operation while preserving their outputs. AI could accelerate its development, despite the significant risks and technical limitations that remain. Another cryptographic path for obfuscation In his first two texts, Vitalik Buterin, founder of Ethereum, studied constructions based on lattices. The first part was published on June 29. The second, dedicated to the iO diamond, came out on July 28. With this installment, he changes direction. Local mixing does not use elliptic curves, prime factorization, or lattices in its design.
According to him, this method is closer to symmetric cryptography. It serves as a basis for encryption and hash functions. The principle is to work on a circuit made of logic gates such as XOR, AND, and NOT. The process preserves the output while erasing traces of the internal logic.
The circuit goes through several stages before obfuscation. Vitalik Buterin describes, in his latest article, notably reversibility, hardening, gadgetization, and mixing. During this phase, unnecessary gates complicate its analysis. The layout changes, while some blocks are replaced by others producing the same computation.
Vitalik Buterin bets on reversibility and scrambling Reversibility plays a central role in the presented operation. A reversible gate can be rewritten using another set of reversible gates that have identical behavior. It facilitates these transformations. Conversely, an AND OR gate offers fewer possibilities to apply this type of rewriting.
Mixing alone is not enough to mask the program’s structure. The other stages must therefore accomplish most of the work. Hardening and gadgetization reinforce the transformation before its final obscuring. The goal remains to preserve computation while making its internal logic difficult to trace.
This method seeks to go beyond a simple visual modification of the code. The circuit becomes progressively more complex to examine. Privacy then rests on the difficulty of understanding its organization despite preserving its outputs. This logic places the circuit’s transformation at the core of the approach.
A still risky path for obfuscation Vitalik Buterin describes local mixing as a “risky and bold bet.” This reservation notably comes from its link to many failed attempts in white-box cryptography. The authors believe additional efforts could strengthen this approach. They also accept a higher cost for a more robust construction.
Artificial intelligence appears in this reflection. It could condense three decades of hash function development into just a few years. This possibility distinguishes local mixing from lattice-based approaches. In those approaches, the trade-off rests on security assumptions.
For him, obfuscation thus represents a particularly difficult frontier of cryptography. He had called it the “final boss of cryptography” in his June publication. Some highly rigorous constructions also show execution times exceeding the universe’s lifespan. The question therefore concerns security and feasibility.
The interest in this research mainly comes from its applications. Obfuscation can transform a program into an encrypted version while preserving standard inputs and the same outputs. Combined with a blockchain, it could contribute to private votes resistant to collusion. It could then reduce the need to trust an M-out-of-N committee to guarantee the process.
The future will mainly allow evaluating if local mixing can overcome its current limits. Vitalik Buterin maintains a cautious approach toward a technique still associated with several difficulties. Advances in cryptography and AI could, however, change the available capabilities. Viability will therefore depend on its security, cost, and efficiency.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
