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 ETFs posted a net inflow of $101 million yesterday, while Ethereum ETFs saw a net outflow of $48.2 million.
According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $101 million yesterday. Of that, BlackRock’s IBIT recorded a net inflow of $115.4 million, while Grayscale’s GBTC posted a net outflow of $56.2 million. U.S. spot Ethereum ETFs overall had a net outflow of $48.2 million. Among them, BlackRock’s ETHA saw a net outflow of $53.4 million, ETHB posted a net inflow of $52.9 million, Fidelity’s FETH had a net outflow of $26.2 million, and ETHE recorded a net outflow of $23.5 million.
5 minutes ago
Is Kimi's $50 billion valuation overpriced? Its annual recurring revenue (ARR) exceeds $1.2 billion, matching that of Zhipu AI, and stands at nearly $2.5 billion, approaching MiniMax.
Beating AI Insight News Flash: Moonshot AI, the developer of Kimi Chat, is advancing toward a Hong Kong IPO, with its latest Pre-IPO round targeting a valuation of approximately $50 billion. This valuation may seem high, but when extrapolating from listed peers MiniMax and Zhipu AI, there is a clear revenue threshold Kimi needs to hit. Based on rough market cap calculations as of September 3, MiniMax has a total market cap of around $16 billion, with August annual recurring revenue (ARR) exceeding $800 million, translating to less than 20x ARR. Zhipu AI’s total market cap is roughly $66 billion, with August ARR of $1.6 billion, corresponding to about 41.25x ARR. If Kimi is valued at $50 billion, its valuation multiple will be lower than Zhipu’s as long as its ARR exceeds approximately $1.212 billion; hitting $2.5 billion in ARR would correspond to a 20x multiple, close to MiniMax’s level. Kimi’s last explicit ARR disclosure was $300 million in mid-June. After the K3 model launched in July, President Zhang Yutong stated that the enterprise ARR had seen "multiple-fold growth" and recorded its largest single-day increase in history. Bloomberg also reported that daily sales rose at least sixfold following K3’s release, but the company has not yet disclosed the absolute value of its latest ARR. Therefore, the key to judging whether the $50 billion valuation is reasonable now boils down to one figure: Kimi’s latest ARR after the K3 launch.
5 minutes ago
US SEC Chair Again Urges Congress to Advance the CLARITY Act
U.S. SEC Chair Paul Atkins told Fox News in an interview that he hopes Congress will swiftly advance the CLARITY Act and send it to President Trump for signing. Meanwhile, the SEC is continuing to develop regulatory rules adapted to blockchain and crypto asset markets. The U.S. Senate has set September 15 as the key procedural vote date for the CLARITY Act, which requires 60 votes to move the bill forward to formal consideration. Even if legislative efforts continue to face obstacles, the SEC and CFTC plan to leverage their existing authorities to advance the crypto market regulatory framework.
5 minutes ago
Predict.fun announces the launch of 15-minute up/down prediction markets for SPY/USDT and QQQ/USDT.
Prediction market platform Predict.fun has launched a new 15-minute up/down prediction market. Two markets—SPY/USDT and QQQ/USDT—are now live, allowing users to trade by predicting the future 15-minute price direction of the underlying assets. The new offering aims to provide users with a more high-frequency, flexible prediction experience. The market is open for participation now; welcome users to visit Predict.fun to try it out.
5 minutes ago
Bitget has launched USDT-margined CP perpetual contracts.
Per an official announcement, Bitget has launched U-denominated CP perpetual contracts, supporting up to 20x maximum leverage. Contract trading bots will also be rolled out simultaneously. For more details, refer to Bitget’s official platform.
5 minutes ago
Bessent: Iran Sanctions to Expand to Digital Assets, Aviation, and Shipping Sectors
US Treasury Secretary Scott Bessent stated at a Washington press conference yesterday that the Trump administration may designate digital assets, aviation and shipping sectors as new sanctions targets amid further pressure on Iran’s economy.
According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $101 million yesterday. Of that, BlackRock’s IBIT recorded a net inflow of $115.4 million, while Grayscale’s GBTC posted a net outflow of $56.2 million. U.S. spot Ethereum ETFs overall had a net outflow of $48.2 million. Among them, BlackRock’s ETHA saw a net outflow of $53.4 million, ETHB posted a net inflow of $52.9 million, Fidelity’s FETH had a net outflow of $26.2 million, and ETHE recorded a net outflow of $23.5 million.
The cryptocurrency market remained muted on Wednesday, even as softer private employment data modestly reducing the odds of a rate hike.
Crypto Market StableBitcoin held steady, with trading volume dropping 13% over the last 24 hours. The apex cryptocurrency has corrected by 1.68% over the past week.
After failing to hold above $2,400 early in the session, Ethereum slid to an intraday low of $2,356. XRP and Dogecoin also recorded gains.
Cryptocurrency-related stocks dipped, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.35% and 1.33%, respectively.
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Over $280 million was liquidated from the cryptocurrency market in the last 24 hours, with long position traders bearing the brunt of the losses, according to Coinglass data.
Trending
Bitcoin’s open interest fell 0.35% over the last 24 hours. Notably, sentiment among retail and whale derivatives traders was markedly bullish.
Top Gainers (24 Hours)
The global cryptocurrency market cap slipped 1.74% in the last 24 hours to $2.60 trillion.
Stock Market ReboundsStocks halted their losing streak on Wednesday. The Dow Jones Industrial Average rallied 295.07 points, or 0.56%, to end at 53,061.95. The S&P 500 rose 0.46% to close at 7,666.60, while the tech-heavy Nasdaq Composite gained 0.45% to close at 26,217.83
U.S. private payrolls increased by 38,000 jobs in August, marking the slowest pace of job creation since January.
The probability of a rate hike to 3.75%–4.00% at the Federal Reserve’s meeting later this month fell from 67% to 62.3% in 24 hours, according to the CME FedWatch tool.
Whales Buy BTC DipAli Martinez, a widely followed cryptocurrency analyst and trader, noted that large investors have been scooping up Bitcoin despite the correction.
Martinez highlighted that since Bitcoin’s retracement from $81,474 to $76,732, whales have accumulated 6,765 BTC, worth roughly $521 million.
Michaël van de Poppe, another well-known cryptocurrency researcher, analyzed Ethereum’s moves, highlighting potential downside sweeps to $2,355 followed by $2,300 as initial buying zones.
“Best case: $2,200 would be the ideal spot for long entries,” Van De Poppe said. “However, ultimately, this dip is to get yourself positioned before ETH goes to $3,000.”
David Schwartz, Chief Technology Officer at Ripple, publicly supported Tether’s decision to freeze $42.4 million in USDT assets prior to the receipt of a formal court warrant. The move has intensified debate over the extent of centralized control maintained by stablecoin issuers.
Lawsuit targets Tether’s asset freezeTwo Thai businessmen initiated legal action against Tether in the Southern District of New York on August 31. They allege the company blacklisted 10 Ethereum addresses containing 42,417,785.62 USDT on October 30, 2025, after being contacted by Homeland Security Investigations in an informal capacity. A formal seizure warrant for the funds only followed on February 19, 2026. The case remains unresolved in court.
Schwartz stated that Tether had limited options in the situation, emphasizing that securing the disputed funds was necessary until competing ownership concerns could be resolved. His defense is notable given Ripple’s position as an issuer of RLUSD, a rival regulated stablecoin.
Stablecoin controls and compliance powerRipple outlines in its RLUSD terms that it reserves broad powers to freeze wallet addresses holding RLUSD in response to legal requirements or under internal compliance policies, including informal law enforcement requests. The protocol also permits RLUSD to be destroyed in one wallet and recreated in another as appropriate.
This approach reveals why Schwartz’s backing of Tether’s pre-emptive action appears consistent with Ripple’s own stance on regulatory compliance.
Both RLUSD and USDT are issuer-managed stablecoins. Their design allows administrative actions such as address freezing, burning, or reminting backed tokens, enabling compliance during fraud investigations, sanction enforcement, and court-ordered asset seizures.
Mini dictionary: RLUSD is Ripple’s regulated US dollar-backed stablecoin, featuring built-in controls for address freezing and reminting to meet compliance and law enforcement requests.
Ripple affirms that RLUSD wallets can be blacklisted and tokens burned or reissued if legally required or for compliance purposes, mirroring measures seen at Tether.
XRP and native asset distinctionsIn contrast, Schwartz has repeatedly clarified that XRP, the native asset of the XRP Ledger, is not subject to these issuer-level controls. Documentation for XRPL distinguishes between issued tokens, which can be frozen or clawed back, and XRP itself, which remains outside such mechanisms.
According to Schwartz, Ripple can neither freeze an account holding XRP nor reverse a finalized XRP transaction. This design underscores the difference between decentralized protocols like XRP and managed stablecoins such as RLUSD or USDT.
As a result, RLUSD and XRP fulfill fundamentally different roles in the digital asset landscape and should not be considered interchangeable.
Tether’s cooperation with authorities expandsTether has recently expanded its cooperation with law enforcement. In February, Tether assisted U.S. authorities in seizing nearly $61 million in USDT related to a pig-butchering fraud operation. The company also reported helping freeze another $344 million in April in coordination with U.S. agencies.
DateAmount Seized/FrozenContextFebruary 2026$61 millionPig-butchering fraud caseApril 2026$344 millionUS law enforcement coordinationThe outcome of the ongoing lawsuit could set a precedent for how far stablecoin issuers may go in acting upon informal government requests before the formal judicial process is completed.
Schwartz’s position highlights the critical division between stablecoins, which require administrative controls to facilitate compliance, and decentralized assets like XRP, which cannot be censored or reversed post-settlement.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to on-chain data, Robinhood Chain's on-chain fees reached $3.75 million in the past 24 hours, exceeding the total fees of three public chains—Solana, Ethereum Mainnet, and Base—over the same period.
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The Crypto Fear & Greed Index has risen to 65, with the market remaining in "greed" territory.
According to data from Alternative, today’s Crypto Fear & Greed Index dropped to 65, up from 63 yesterday, with market sentiment remaining in the "Greed" territory. Note: The index ranges from 0 to 100, and its components include: volatility (25%), trading volume (25%), social media buzz (15%), market surveys (15%), Bitcoin’s market dominance (10%), and Google Trends analysis (10%).
10 minutes ago
Chasing the rally of the 'NiuLai' token, crypto KOL XXAntiWar transfers 17.57 million tokens to seven addresses.
According to on-chain analyst Ai Yi (@ai_9684xtpa), crypto KOL XXAntiWar, who chased the rally during the bull market, has transferred 17.57 million tokens to 7 addresses via multiple intermediaries in recent days, and is currently still in unrealized loss. Thus, while Fomo shows XXAntiWar has liquidated all positions, this is actually because new holding addresses have not been recorded.
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An institution transferred 39,500 ETH worth approximately $95 million to a CEX.
According to Yuqing Monitoring, an institutional entity transferred 39,500 ETH (valued at approximately $95 million) to multiple CEXs over the past day. Over the past four days, its total transfers to CEXs have reached 142,800 ETH (worth around $345 million), while it still holds 29,735 ETH (approximately $70.9 million).
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South Korea’s foreign exchange reserves posted a record increase of $14.33 billion in August.
South Korea’s foreign exchange reserves rose by $14.33 billion in August, marking the largest single-month increase in history, driven mainly by a sharp rise in commercial banks’ foreign currency deposits at the Bank of Korea (BOK). The BOK said in a Thursday statement that as of the end of August, the country’s foreign exchange reserves climbed to $442.28 billion from $427.95 billion at the end of July. The central bank added that August’s reserve growth stemmed primarily from a surge in foreign currency deposits held by financial institutions, while a weaker U.S. dollar against other currencies also boosted investment income and valuation gains on overseas assets denominated in foreign currencies. The improved reserves have strengthened South Korea’s financial buffer, as the won weakened several times in the first half of the year, drawing market attention to the country’s external financing conditions. Earlier this year, the won fell to its lowest level since 2009, prompting South Korean authorities to repeatedly warn against excessive exchange rate volatility and seek to curb capital outflows driven by massive retail investor investments in overseas assets.
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Berkshire Hathaway plans to hold stakes in Japan's five major trading houses for the long term, with related stocks rising collectively.
Japanese trading house stocks rose on Thursday after Greg Abel, CEO of Berkshire Hathaway, said the firm plans to keep its stakes in these trading houses for decades to come. The trading house sector was among the top gainers in the Topix index on Thursday. Mitsubishi Corp. jumped as much as 4.5%, hitting its highest level since May; Sumitomo Corp., Mitsui & Co., Itochu Corp., and Marubeni all rose more than 2.5%. Berkshire currently holds roughly a 10% stake in each of the five trading houses. Abel, who took over as CEO from Warren Buffett in January this year, told CNBC in an interview on Wednesday that Berkshire’s holdings in the Japanese trading houses are "long-term investments" and the company intends to hold them for decades. Since Berkshire disclosed its stakes in 2020, the share prices of these Japanese trading houses have benefited from their association with Buffett. A market analyst at Tokai Tokyo Research Institute noted that Abel’s renewed show of confidence "may rekindle investors’ interest in buying trading house stocks."
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Ansem: Robinhood’s Stock Price Bottoming Out and Consolidating, Expected to Hit New High in Q4
Crypto KOL Ansem wrote in a post that traditional finance (TradFi) firms consistently lag behind when integrating new crypto operations, as their suited executives often take too long to access relevant data. He believes Robinhood (HOOD) is a strong investment pick, noting its stock has been consolidating from the bottom, while the company is adding a key new revenue stream through its Layer 2 blockchain business. Robinhood’s stock is projected to hit a new all-time high in the fourth quarter, rising 50% from its current level.
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.
According to official announcements, Solana ecosystem trading aggregator Jupiter has launched its cross-chain deposit feature, Universal Deposit. Users no longer need bridging tools to send tokens from any supported chain to Jupiter, and will receive USDC directly in their Solana wallets. The feature automatically integrates routing, cross-chain bridging, and swap workflows, eliminating the need for users to switch networks or execute additional transactions. Currently, Universal Deposit supports asset deposits from networks including Ethereum, Base, Arbitrum, and Sui, with users able to complete operations using their existing wallets. The service applies a unified fixed rate, charging $0.30 per transaction regardless of the transfer amount—whether it is $100 or $10 million. Jupiter noted that the feature is designed to deliver a more convenient cross-chain asset transfer experience.
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The Crypto Fear & Greed Index has risen to 65, with the market remaining in "greed" territory.
According to data from Alternative, today’s Crypto Fear & Greed Index dropped to 65, up from 63 yesterday, with market sentiment remaining in the "Greed" territory. Note: The index ranges from 0 to 100, and its components include: volatility (25%), trading volume (25%), social media buzz (15%), market surveys (15%), Bitcoin’s market dominance (10%), and Google Trends analysis (10%).
10 minutes ago
Chasing the rally of the 'NiuLai' token, crypto KOL XXAntiWar transfers 17.57 million tokens to seven addresses.
According to on-chain analyst Ai Yi (@ai_9684xtpa), crypto KOL XXAntiWar, who chased the rally during the bull market, has transferred 17.57 million tokens to 7 addresses via multiple intermediaries in recent days, and is currently still in unrealized loss. Thus, while Fomo shows XXAntiWar has liquidated all positions, this is actually because new holding addresses have not been recorded.
10 minutes ago
An institution transferred 39,500 ETH worth approximately $95 million to a CEX.
According to Yuqing Monitoring, an institutional entity transferred 39,500 ETH (valued at approximately $95 million) to multiple CEXs over the past day. Over the past four days, its total transfers to CEXs have reached 142,800 ETH (worth around $345 million), while it still holds 29,735 ETH (approximately $70.9 million).
10 minutes ago
South Korea’s foreign exchange reserves posted a record increase of $14.33 billion in August.
South Korea’s foreign exchange reserves rose by $14.33 billion in August, marking the largest single-month increase in history, driven mainly by a sharp rise in commercial banks’ foreign currency deposits at the Bank of Korea (BOK). The BOK said in a Thursday statement that as of the end of August, the country’s foreign exchange reserves climbed to $442.28 billion from $427.95 billion at the end of July. The central bank added that August’s reserve growth stemmed primarily from a surge in foreign currency deposits held by financial institutions, while a weaker U.S. dollar against other currencies also boosted investment income and valuation gains on overseas assets denominated in foreign currencies. The improved reserves have strengthened South Korea’s financial buffer, as the won weakened several times in the first half of the year, drawing market attention to the country’s external financing conditions. Earlier this year, the won fell to its lowest level since 2009, prompting South Korean authorities to repeatedly warn against excessive exchange rate volatility and seek to curb capital outflows driven by massive retail investor investments in overseas assets.
10 minutes ago
Berkshire Hathaway plans to hold stakes in Japan's five major trading houses for the long term, with related stocks rising collectively.
Japanese trading house stocks rose on Thursday after Greg Abel, CEO of Berkshire Hathaway, said the firm plans to keep its stakes in these trading houses for decades to come. The trading house sector was among the top gainers in the Topix index on Thursday. Mitsubishi Corp. jumped as much as 4.5%, hitting its highest level since May; Sumitomo Corp., Mitsui & Co., Itochu Corp., and Marubeni all rose more than 2.5%. Berkshire currently holds roughly a 10% stake in each of the five trading houses. Abel, who took over as CEO from Warren Buffett in January this year, told CNBC in an interview on Wednesday that Berkshire’s holdings in the Japanese trading houses are "long-term investments" and the company intends to hold them for decades. Since Berkshire disclosed its stakes in 2020, the share prices of these Japanese trading houses have benefited from their association with Buffett. A market analyst at Tokai Tokyo Research Institute noted that Abel’s renewed show of confidence "may rekindle investors’ interest in buying trading house stocks."
10 minutes ago
Ansem: Robinhood’s Stock Price Bottoming Out and Consolidating, Expected to Hit New High in Q4
Crypto KOL Ansem wrote in a post that traditional finance (TradFi) firms consistently lag behind when integrating new crypto operations, as their suited executives often take too long to access relevant data. He believes Robinhood (HOOD) is a strong investment pick, noting its stock has been consolidating from the bottom, while the company is adding a key new revenue stream through its Layer 2 blockchain business. Robinhood’s stock is projected to hit a new all-time high in the fourth quarter, rising 50% from its current level.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PANews reported on September 3, based on SoSoValue data, that after several consecutive days of consolidation, the crypto market saw a slight rebound, with the GameFi sector performing strongly and rising 8.87% in 24 hours. Among them, Akedo (AKE) rose 82.95%, and The Sandbox (SAND) rose 4.65%. Meanwhile, Bitcoin (BTC) rose 0.65%, breaking through $77,000; however, Ethereum (ETH) fell 0.26% and remained below $2,400.
In other sectors, the Layer 2 sector rose 4.48% in 24 hours, with Arbitrum (ARB) up 12.97%; the AI sector rose 2.96%, with Kite (KITE) up 13.68%; the Meme sector rose 2.20%, with Pons (PONS) up 27.88%; the PayFi sector rose 1.55%, with Telcoin (TEL) up 4.06%; the Layer 1 sector rose 1.17%, with Aptos (APT) up 8.36%; and the CeFi sector rose 0.87%, with Aster (ASTER) up 5.07%.
In addition, the DeFi sector fell 0.05%, while Lighter (LIT) surged 14.31%, hitting a record high.
Bitcoin holds near $77,000 as ETF outflows weigh on sentiment, while traders await clearer macroeconomic signals and regulatory developments.
Notable Statistics:
Coinglass data shows 89,097 traders were liquidated in the past 24 hours for $338.25 million. SoSoValue data shows net outflows of $236.5 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $10.95 million. In the past 24 hours, top gainers include Bitway, Filecoin and Arbitrum. Notable Developments:
Bitcoin Is ‘Not Exactly Gold’ but That’s a Good Thing, Bitwise Exec SaysXRP’s 20% Pullback Hits Critical Support: Is $2 Still in Play?CLARITY Act Faces Make-or-Break September: What Do Prediction Markets Say?Strategy CEO Says 7,000 Bitcoin Sale Was ‘Minuscule’How Bitcoin ETFs Are Changing Institutions’ Appetite for CryptoHyperliquid Strategies Expands Equity Facility to $2.5B Amid US Entry TalksTrader Notes:
Daan Crypto Trades noted that Bitcoin’s unusually low and early monthly high at $79,200 is likely to be swept. He sees a potential reversal opportunity around that move, with $80,000 remaining the key level for higher-time-frame continuation.
CryptosBatman highlighted Bitcoin has liquidity on both sides, but $78,000 is the stronger near-term target. He expects a liquidity sweep there before BTC makes its next major move.
BitcoinOG Lucky predicts Bitcoin’s current reset could precede another expansion, particularly if a Golden Cross forms alongside stronger momentum. He sees $100,000 as a key Q4 target if bullish momentum returns.
Image: Shutterstock
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The United States Justice Department and cybersecurity firm CrowdStrike announced that they have successfully dismantled Sality, a peer-to-peer botnet operating since 2003. The botnet, which infected computers globally, used a decentralized architecture to avoid shutdown and has been responsible for significant cryptocurrency thefts in recent years.
Longstanding Threat to Cryptocurrency UsersFor the past eight years, Sality’s main function was to deliver EggJagger, a malicious payload that targets cryptocurrency owners. EggJagger works by monitoring the clipboard of infected machines and replacing any copied cryptocurrency wallet address with one under the attacker’s control. As a result, unsuspecting users would send funds to the operator instead of their intended recipient.
EggJagger consistently intercepted cryptocurrency addresses, rerouting payments made in Bitcoin or Ethereum to wallets belonging to the attacker.
CrowdStrike, a leading provider of cybersecurity solutions, estimates that EggJagger alone enabled the theft of at least 12.1 million rubles, or approximately $150,000, from victims. The majority of these stolen funds remained untouched after the theft, which allowed their value to appreciate as cryptocurrency prices climbed. At their peak in January 2025, the unspent assets had grown to 147 million rubles, equivalent to a nominal $1.35 million and roughly $4 million in purchasing power for some currencies.
MetricValueDateMinimum theft from EggJagger$150,0002018–2026Peak unspent stolen holdings$1.35 million (nominal)January 2025Estimated purchasing power$4 million (approx.)January 2025Before its use as a cryptocurrency-targeted attack, Sality acted as a carrier for a range of malicious tools including credential theft, spam, proxy services and denial-of-service payloads.
International Operation Targets Botnet InfrastructureAuthorities from the United States, Bulgaria, Hungary, and Romania collaborated alongside private sector partners such as CrowdStrike to disrupt Sality’s operations. The FBI Los Angeles Field Office and the Defense Criminal Investigative Service seized crucial domains linked to Sality in the US, while European authorities targeted infrastructure in their respective countries.
The Shadowserver Foundation, a non-profit organization specializing in cybersecurity, has partnered with internet service providers to notify victims and help remediate infected machines.
Sality persisted for over two decades because it did not rely on a central command server. Instead, each infected computer directly connected to others, enabling the malware to spread through executable files traversing network shares and removable drives. The protocol accepted any machine that successfully responded to its handshake protocol, without any robust authentication.
CrowdStrike’s Counter Adversary Operations team exploited this weakness to reconfigure the botnet. By inserting their own nodes and removing legitimate peers from each infected machine’s address list, they successfully isolated over 15,000 infected systems worldwide.
The Sality operator, tracked by CrowdStrike under the name SALTY SPIDER, occasionally deployed the botnet for targeted attacks. In September 2023, the botnet was used for a denial-of-service action against AvanChange, a Russian cryptocurrency exchange, supposedly as retaliation for personal reasons. CrowdStrike believes exchanges like AvanChange were also channels to convert stolen digital assets into cash.
Currently, affected computers now communicate with so-called “sinkholes” managed by CrowdStrike, disrupting the operator’s control. CrowdStrike has provided detection guidelines and network indicators for the public and emphasized that infected systems will remain at risk until the malware is manually removed.
Rise of Adaptive AI-Powered MalwareExperts warn that recent advances in artificial intelligence could fuel the next wave of cyber threats. New research from the University of Toronto, Vector Institute, University of Cambridge, and ServiceNow demonstrates a proof-of-concept AI worm capable of scanning for vulnerabilities, developing tailored attack strategies, and autonomously spreading across networks.
Researchers suggest these adaptive worms may soon challenge existing cybersecurity measures by changing tactics in real time and exploiting a broad spectrum of targets.
Mini dictionary: Shadowserver Foundation, a non-profit cybersecurity organization that actively monitors internet security threats and helps remediate large-scale malware and botnet infections by working with internet providers and law enforcement agencies around the world.
The next generation of malware, supercharged by artificial intelligence, poses a growing threat due to its ability to adapt instantly and operate without direct human intervention.
The global NFT market is projected to reach $60.82 billion in 2026, up from $43.08 billion in 2025, with gaming NFTs capturing 38% of total transaction volume. An NFT is a cryptographic token on a blockchain that proves ownership of a unique digital or physical asset, most commonly built on the ERC-721 or ERC-1155 standards on Ethereum. Real utility has overtaken speculation as the primary growth driver, with tokenized real world assets, event tickets, in-game items, and digital identity credentials all relying on NFT infrastructure. Environmental objections have largely been resolved since Ethereum moved to proof of stake in September 2022, cutting the network energy use by 99.99% according to the Cambridge Centre for Alternative Finance. Legal frameworks remain fragmented, though the Yuga Labs v. Ripps circuit ruling confirmed that an NFT qualifies as goods under the Lanham Act, setting an early precedent for trademark enforcement in digital assets. The narrative that NFTs died sometime in 2023 makes for a clean headline, but it confuses a price correction in speculative art collectibles with the technology itself. Monthly trading volumes bottomed out in mid-2023 and then climbed back steadily. By October 2025, NFT trading volume hit $546 million in a single month with 10.1 million individual sales, an annual high. The collapse was real for profile-picture speculation, yet the underlying standard, a way to record verifiable ownership of a unique asset on a public ledger, never stopped working.
What changed is who uses NFTs and why. The buyer paying six figures for a cartoon ape grabbed attention in 2021. The concert venue issuing 40,000 tickets as tokens in 2026 does not make the same splash, but the second example moves more volume, solves a real problem, and does not depend on floor-price hype. Understanding what an NFT actually is, how the technology works, and where it applies today matters more now than it did during the speculative peak.
How NFTs work under the hood A non-fungible token is a unit of data stored on a blockchain that certifies a digital or physical asset as unique and not interchangeable. The word “fungible” means mutually replaceable. One bitcoin is identical to any other bitcoin, making it fungible. An NFT, by definition, is not. Each token carries a distinct identifier that separates it from every other token on the same contract.
On Ethereum, the two dominant standards are ERC-721 and ERC-1155. ERC-721, introduced in January 2018, assigns a single unique ID to each token. Every CryptoPunk, every Bored Ape, and every one-of-one art piece is an ERC-721 token. ERC-1155, proposed later that year, allows a single smart contract to manage both fungible and non-fungible tokens in the same deployment. A game studio can issue 10,000 identical healing potions and one legendary sword under the same contract, reducing gas costs and simplifying inventory logic.
The token itself does not store the image, video, or file it represents. Instead, it holds a pointer, usually a URI, that links to metadata hosted elsewhere. That metadata describes the asset and may include a link to the actual media file, often stored on IPFS or Arweave for durability. When someone says they “own an NFT,” they own the on-chain token and whatever rights the creator attached to it. The media file could, in theory, disappear if the hosting fails, which is why decentralized storage matters.
Minting is the process of creating an NFT. A creator deploys or interacts with a smart contract, which writes a new token ID to the blockchain. From that point forward, every transfer of ownership is recorded publicly. Buyers need a compatible crypto wallet to hold and transact with their tokens.
A short history of non-fungible tokens The concept predates the 2021 boom by several years. Colored Coins on Bitcoin in 2012 explored the idea of attaching unique metadata to satoshis. The Counterparty platform followed in 2014, enabling custom token creation on Bitcoin. Rare Pepes, trading cards minted on Counterparty in 2016, became some of the earliest examples of digital collectibles with secondary-market value.
CryptoPunks launched on Ethereum in June 2017, giving away 10,000 algorithmically generated pixel portraits for free. Larva Labs, the studio behind the project, did not even use the ERC-721 standard because it had not been written yet. CryptoKitties followed in late 2017, briefly congesting the Ethereum network as users bred and traded digital cats. That congestion, ironically, proved that demand for on-chain collectibles was real enough to stress a major blockchain.
NBA Top Shot, built on the Flow blockchain by Dapper Labs, brought NFTs to mainstream sports audiences in late 2020. Users purchased video highlight “moments” of NBA plays, and the platform generated over $700 million in sales within its first year. It was the first NFT project many non-crypto users encountered.
The real explosion came in early 2021. Beeple sold “Everydays: The First 5000 Days” at Christie’s for $69.3 million in March of that year. Within months, monthly NFT trading volumes on OpenSea alone surpassed $3 billion. Celebrities, sports leagues, and fashion brands rushed in. Adidas, Nike (through its RTFKT acquisition), and Gucci all launched NFT collections. By early 2022, the hype peaked.
Then came the correction. As crypto markets contracted through 2022 and 2023, speculative NFT collections lost 90% or more of their floor prices. OpenSea laid off staff. Several high-profile projects abandoned their roadmaps. Critics declared the technology a fad. The total NFT sales volume for the first half of 2025 came in at $2.82 billion, a fraction of the 2021 peak but still a sign of persistent demand.
But beneath the noise, builders kept shipping. Blur launched in late 2022 and introduced a trader-focused marketplace model that rewarded active traders with token incentives. Magic Eden expanded from Solana to support Ethereum, Bitcoin Ordinals, and other chains, positioning itself as the leading multi-chain marketplace. By cumulative volume as of 2026, OpenSea leads at $23.14 billion, followed by Blur at $8.54 billion and Magic Eden at $6.39 billion. Together those three platforms account for 82% of total NFT trading volume.
Where NFTs stand in 2026 The market has recovered on a fundamentally different footing. The global NFT industry was valued at $43.08 billion in 2025 and is on track to reach $60.82 billion in 2026, growing at a compound annual growth rate of 41.2%. The critical shift is that utility-driven categories now dominate.
Gaming NFTs alone capture 38% of total transaction volume. Asia leads global NFT ownership with 2.8 million holders, the largest regional concentration. Monthly active traders exceeded 820,000 in October 2025, suggesting sustained participation well beyond a handful of whales.
This is not the same market that peaked on profile-picture hype. The median transaction size is smaller, the use cases are broader, and the infrastructure is more mature. Layer-2 rollups and account abstraction have reduced gas costs and simplified the user experience to the point where many buyers do not even know they are interacting with a blockchain.
Token-bound accounts, introduced through ERC-6551, have added another dimension. Under this standard, an NFT itself can own other assets. A game character NFT can hold its own inventory of weapon and armor tokens, all bundled together. When the character sells, its entire inventory transfers with it. This kind of composability was not possible in the early NFT era and represents a meaningful step toward more complex on-chain ownership structures.
Real utility beyond digital art The most significant growth in NFTs since 2024 has come from applications that have nothing to do with collectible images.
Gaming and virtual worlds. In-game items such as weapons, skins, land parcels, and characters are increasingly issued as NFTs on chains like Immutable X and Polygon. The key advantage is interoperability. A rare item earned in one game can, if both developers support the same standard, be used or sold in another. This model is still maturing, but major studios including Ubisoft and Square Enix have run pilot programs, and the gaming share of NFT volume speaks for itself.
Real world asset tokenization. Physical goods are being paired with on-chain tokens that serve as certificates of authenticity and ownership. Luxury watches, handbags, fine art, and real estate shares now have “digital twin” NFTs that travel with the asset through secondary markets. This category bridges traditional finance and decentralized finance in a way that purely digital collectibles never did.
Ticketing and access passes. Event tickets issued as NFTs solve counterfeiting and scalping problems by tying each ticket to a verifiable on-chain record. Organizers can program royalties on secondary sales, enforce transfer restrictions, or unlock post-event perks for holders. Platforms including GET Protocol and YellowHeart have processed millions of NFT tickets.
Identity and credentials. Soulbound tokens, non-transferable NFTs proposed by Vitalik Buterin in 2022, are being explored for diplomas, professional certifications, and membership badges. Because they cannot be sold or transferred, they serve as verifiable credentials tied to a specific wallet.
Music royalties. Artists are tokenizing fractional ownership of royalty streams, letting fans invest directly in songs. Platforms like Sound.xyz have distributed royalties to token holders, creating a new revenue model that bypasses traditional label structures. The appeal for musicians is direct-to-fan economics: rather than receiving a fraction of a cent per stream, an artist can sell a limited edition of 1,000 NFTs representing a share of a song’s future earnings and capture revenue immediately at the point of sale.
How the environmental picture changed Before September 2022, the environmental criticism was legitimate. Ethereum ran on proof of work, the same energy-hungry consensus mechanism that Bitcoin still uses. Minting a single NFT on proof-of-work Ethereum consumed energy comparable to days of household electricity use in some estimates.
The Merge, completed on September 15, 2022, switched Ethereum to proof of stake. According to the Cambridge Centre for Alternative Finance, this cut Ethereum electricity consumption by 99.99%. A proof-of-stake validator runs on hardware no more demanding than a consumer laptop and consumes a fraction of the energy that a single mining rig required.
Since the vast majority of NFTs are minted on Ethereum, Polygon, Solana, and other proof-of-stake chains, the energy argument against NFTs no longer holds at scale. The exception is Bitcoin Ordinals, inscriptions written directly onto the Bitcoin blockchain, which does still operate on proof of work. However, Ordinals represent a small fraction of the overall NFT market.
This does not mean NFTs have zero environmental footprint. Data centers, network infrastructure, and user devices all consume energy. But the orders-of-magnitude reduction from the Merge moved the conversation from “NFTs are an environmental disaster” to “NFTs consume about as much energy as any other web service.”
The legal and intellectual property landscape Buying an NFT does not automatically grant copyright, trademark rights, or commercial use rights to the underlying work. What a buyer receives depends entirely on the license the creator attaches. Some projects, like Bored Ape Yacht Club, grant holders full commercial rights. Others reserve all rights for the original creator.
Courts are beginning to set precedent. The Yuga Labs v. Ripps ruling at the circuit level confirmed that an NFT qualifies as goods under the Lanham Act, giving trademark holders a legal pathway to challenge infringing NFT collections. The joint USPTO and U.S. Copyright Office report on NFTs and intellectual property, published in 2023, concluded that existing intellectual property frameworks broadly apply to NFTs but acknowledged gaps in enforcement, especially across jurisdictions.
AI-generated NFT art adds another layer of complexity. Under current U.S. copyright doctrine, a work must have a human author to receive protection. Purely AI-generated images used as NFTs likely cannot be copyrighted, leaving their creators with limited legal recourse if the work is copied.
Royalty enforcement is another unresolved area. Early NFT marketplaces honored creator royalties on secondary sales as a social norm, but newer platforms began making royalties optional to attract volume. This created a race to the bottom where creators saw their revenue streams cut. On-chain royalty enforcement through smart contracts offers a partial solution, but it only works when the buyer stays within a single marketplace ecosystem.
Jurisdiction remains the hardest problem. NFTs exist on decentralized networks that span every country simultaneously. A creator in France, a buyer in Japan, and a marketplace server in the United States each fall under different legal regimes, and no international framework specifically governs NFT transactions yet. The European Union’s MiCA regulation, which took full effect in late 2024, covers certain crypto assets but does not explicitly address most NFTs unless they qualify as financial instruments.
Limitations and open problems NFTs solve the ownership-record problem elegantly, but they do not solve every problem their advocates claim.
Metadata fragility. If the server or IPFS pin hosting an NFT’s image goes offline, the token still exists on-chain, but it points to nothing. Permanent storage solutions like Arweave help, but not every project uses them.
Wash trading. Inflated volume numbers have plagued NFT marketplaces. A single user trading between their own wallets can artificially boost a collection’s apparent demand. Marketplace incentive programs, where platforms reward trading volume with token airdrops, have made this worse.
Interoperability gaps. Cross-chain NFT transfers remain clunky. Bridging an NFT from Ethereum to Solana is not as simple as sending a stablecoin. Standards differ, metadata formats vary, and bridge exploits have caused significant losses.
Scams and rug pulls. The low barrier to minting means anyone can create a collection, promise a roadmap, and disappear with buyer funds. Due diligence is entirely on the buyer in most cases.
Speculation versus use. While utility is growing, a significant portion of NFT volume still comes from traders flipping tokens for short-term profit. Distinguishing genuine demand from speculative churn remains difficult even with on-chain data.
Royalty erosion. Creator royalties on secondary sales were once a defining feature of NFTs, promising ongoing income for artists. In practice, marketplace competition has eroded enforcement, and many platforms now treat royalties as optional. Builders are working on smart-contract-level enforcement, but no widely adopted standard has solved this completely.
User experience barriers. Despite improvements in wallet design and account abstraction, onboarding a non-crypto user to buy their first NFT still involves friction: setting up a wallet, acquiring tokens for gas, understanding approvals, and navigating marketplace interfaces that assume blockchain literacy.
What this does not cover This guide focuses on what NFTs are, how they work, and where they apply. It does not cover how to mint your own NFT collection, detailed smart contract development in Solidity, specific investment advice on any NFT project or collection, technical tutorials for building on ERC-721 or ERC-1155, or the broader crypto ecosystem beyond the NFT-specific layer. Each of those topics warrants its own deep dive.
Practical checks Verify metadata storage before buying. Check whether the NFT’s image and metadata are stored on IPFS, Arweave, or another decentralized solution. If the metadata URL points to a centralized server, the asset is only as durable as that server.
Read the license, not the marketing. Before assuming commercial rights, find the actual license terms attached to the NFT project. Many collections grant no rights beyond personal display. The difference between “you own the IP” and “you own a token” is the difference between a business asset and a collectible.
Use a hardware wallet for high-value holdings. NFT theft through phishing and malicious approvals is common. A hardware wallet that requires physical confirmation for each transaction is the strongest defense against remote exploits. Review your wallet’s token approvals regularly and revoke any you do not recognize.
Check on-chain provenance, not marketplace screenshots. Verify ownership history directly on a block explorer like Etherscan. Marketplace interfaces can lag, display errors, or be spoofed. On-chain data is the only source of truth for who owns what and when it changed hands.
Start with established marketplaces. OpenSea, Blur, and Magic Eden each offer different strengths, but all three provide baseline protections against fraudulent listings. Avoid purchasing from unfamiliar sites that ask for wallet permissions you do not understand.
What does NFT stand for? NFT stands for non-fungible token. “Non-fungible” means the item is unique and cannot be swapped one-to-one with another token of the same type, unlike currencies or commodity tokens that are interchangeable.
How is an NFT different from cryptocurrency? Cryptocurrencies like bitcoin or ether are fungible, meaning each unit is identical and interchangeable. An NFT is a unique token with its own identifier. You can trade one bitcoin for another and have the same value; you cannot do the same with two different NFTs because each represents a distinct asset. Both live on blockchains, but they serve fundamentally different purposes: cryptocurrency is a medium of exchange, while an NFT is a certificate of ownership for a specific item.
Do NFTs have value in 2026? Yes. The NFT market is projected at $60.82 billion in 2026. However, value varies enormously by category. Gaming items, event tickets, and RWA tokens generate consistent demand, while speculative art collections remain volatile. An NFT is only as valuable as the utility or cultural significance behind it.
Are NFTs bad for the environment? The vast majority of NFTs are now minted on proof-of-stake blockchains. Ethereum cut its energy consumption by 99.99% after moving to proof of stake in September 2022. NFTs on Ethereum, Solana, Polygon, and similar chains have a minimal energy footprint comparable to standard web services. The one exception is Bitcoin Ordinals, which rely on proof-of-work mining. However, Ordinals account for a small share of total NFT activity.
What happens if the image linked to my NFT disappears? The token itself remains on the blockchain, but it would point to a dead link. This is why decentralized storage matters. NFTs with metadata on IPFS or Arweave are far more durable than those hosted on centralized servers. Always check where an NFT’s metadata is stored before purchasing.
Can someone copy the image of my NFT? Anyone can right-click and save a JPEG, but they cannot replicate the on-chain token that proves ownership. The value of an NFT is the verifiable ownership record, not the image file itself. Think of it like a deed to a house: anyone can photograph the building, but only the deed holder owns the property.
Do I own the copyright when I buy an NFT? Not automatically. Copyright ownership depends on the license the creator attaches to the project. Some collections, such as Bored Ape Yacht Club, grant full commercial rights to holders. Others retain all intellectual property rights with the original artist. Always read the specific terms before assuming you can commercially use the underlying work.
What is the safest way to store NFTs? A hardware wallet offers the highest security for NFT storage. Devices from Ledger and Trezor require physical confirmation for every transaction, which prevents remote attackers from moving your assets. Pair a hardware wallet with regular approval audits on Etherscan to revoke permissions you no longer need.
Disclaimer: This article is for informational and educational purposes only. It does not constitute financial, investment, or legal advice. Cryptocurrency and NFT markets are volatile and carry significant risk. Always conduct your own research and consult qualified professionals before making any financial decisions. Information is current as of September 2, 2026, and may become outdated.
Bitcoin has all the factors in place to a seven-figure price over the next four years, according to BitMEX co-founder Arthur Hayes.
But he’s buying ETH right now, because he believes it could easily do a “3x to 5x pretty quickly.”
On the latest episode of Trade Secrets, Hayes says the collapse of the AI bubble, “massive” money printing, and potential US yield curve control are among some of the reasons why Bitcoin could go to $1 million by 2030
“We have the ingredients. The time is now. So I think the $58,000 was probably the bottom in Bitcoin, and now it’s going to grind higher in this hate fuck rally,” the 41-year-old billionaire says.
Hayes’ prediction comes just a couple of weeks after 10x Research head of research Markus Thielen told Trade Secrets that reaching that figure by 2030 was “mathematically impossible.” He argued that the amount of capital inflows Bitcoin saw over the past 15 years that pushed it to the current price suggest it has little chance of attracting the trillions in inflows over the next four years required to reach $1 million.
Arthur Hayes loses interest in Hyperliquid While Hayes is still bullish on Bitcoin, he is less optimistic than he once was about Hyperliquid’s future upside d.
Bitcoin is up 22.15% over the past 30 days. (CoinMarketCap)
“I don’t think there’s that type of asymmetry in the price right now. Everybody knows that Hyperliquid is here,” he says. “It’s not an it’s not this like unknown thing that’s outperforming expectations, right? [...] There are massive expectations now on Hyperliquid.”
“That doesn’t necessarily mean it’s not going to go up in price, but I think there’s better risk-reward at least for the capital at Maelstrom to deploy into the shitcoin space than Hype,” he says.
The comments come shortly after US President Donald Trump said the US is working to bring Hyperliquid into the country. However, Hayes, who was pardoned by Trump in 2024, now says the president has little influence over crypto asset prices.
“It’s irrelevant. What Trump says or does is irrelevant. Look at what Bessant does. Read the Treasury, read the Fed, read the monetary authorities. Like Trump is just a very entertaining politician, but he has no effect on the price of Bitcoin,” Hayes says.
Hayes also questioned whether Trump would be willing to spend the political capital required to push through crypto legislation such as the CLARITY Act, particularly when other issues matter more to the average voter. He suggested that the “median under-sighted voter” does not care about the legislation.
Hayes ‘feels excellent’ about BitMEX shutdownHayes began his career as an equity derivatives trader at Deutsche Bank and Citibank in Hong Kong after graduating from the University of Pennsylvania in 2008.
Hayes co-founded the pioneering crypto derivatives exchange BitMEX in 2014 alongside Ben Dolo and Samuel Reed. The exchange recently announced it would be shutting down on Sept. 23 and urged users to close positions and withdraw funds before the deadline.
Hayes says it “feels excellent” that the exchange is shutting down on its own terms.
“We shut it down because we wanted to shut it down, not because we got hacked,” he says, adding that it is the “best way” to go.
“We landed the plane on our own terms,” he adds.
Hayes says that competition is now so fierce that running a crypto exchange now is “really a mug’s game” unless you have the scale of a major player like Binance or OKX.
“There’s no point in even playing because it’s just so expensive to secure it, so expensive to run the tech in the data centers, like it doesn’t make any sense as a business,” Hayes says.
Hayes’s number one pick is EthereumHayes says that his “number one pick” at the moment is Ethereum. “I think that is a better risk-reward for a spare unit of fiat that’s gonna be deployed into crypto than Hyperliquid,” he says.
“That doesn’t necessarily mean that Hyperliquid won’t rise in price. I just don’t think it’s poised for a 5x, and like where I think Ethereum could do, you know, 3x to 5x pretty quickly,” he says.
“Everybody hates it. It’s the one megacap crypto that has not eclipsed its 2021 all-time high.”Hayes points out that it is the base layer for DeFi and, while “hated” for many reasons, is long overdue for a surge. “I think now it’s time to perform because it’s been so beaten down and so forgotten. And we saw it rip 20% when Bitcoin ripped,” he says.
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Trump: Preparing to Strike Iran Again, We Have Full Control of the Strait
U.S. President Donald Trump met with U.S. tourism industry executives at the White House on Wednesday local time, during which he again discussed the Iran issue. Trump said: "The Iranian regime is collapsing, a new round of strikes against Iran will not take long, and we are prepared to launch another strike on Iran in the future. We have full control over the Strait of Hormuz, through which millions of barrels of oil are exported daily. I hope domestic retail gasoline prices will drop."
4 minutes ago
CZ: Some hot money is flowing back from the AI sector to the crypto market, and the crypto industry will not disappear.
Binance founder CZ published a post noting that some "hot money" is flowing back from the AI sector to the crypto market. Currency-related industries will not disappear, as both individuals and AI will still need currency in the future.
4 minutes ago
Ansem: Crypto Market Remains in the Early Stage of a Bull Run, Retail Investors Are Entering with More Capital
Crypto KOL Ansem posted an article stating that the crypto market is still in the early stages of a bull run, and the key to generating returns at this stage is to identify assets with asymmetric upside while tolerating short-term volatility. Over the past two years, rotating between meme coins and new trading pairs has been the dominant strategy, with lower valuation caps leading traders to favor short-term holdings; however, in a bull market, high-quality assets offer greater upside potential, so extending holding periods after careful selection may prove more advantageous. Ansem believes retail investors are entering the crypto market with more capital. The growth of mobile users on Pump.fun and Fomo, as well as Robinhood Chain’s ongoing efforts to convert stock traders to on-chain activities, all indicate that market liquidity may increase in the future. New users pay relatively less attention to market capitalization changes, so tokens that gain widespread traction may receive stronger capital inflows. He also noted that the trend toward short-form video has led fewer and fewer investors to read project whitepapers or research token differences, which in turn creates opportunities for those willing to build a complete investment thesis and exercise patience. However, traders still need to set criteria for when they are wrong, review the reasons for missing out on high-growth assets, and define conditions for re-entering the market after selling too early.
4 minutes ago
Arbitrum DAO generated $6.19 million in revenue in the first half of the year, with Robinhood Chain emerging as a new revenue source.
An unaudited report released by the Arbitrum Foundation shows that Arbitrum DAO generated $6.19 million in revenue in the first half of 2026, with sources including Arbitrum One transaction fees, Timeboost sequencing priority auctions, scaling program licensing fees, and treasury management returns. The protocol’s gross profit margin exceeded 97%, and non-ARB treasury assets stood at $125 million as of the end of June. In H1 2026, Arbitrum processed a total of 478 million transactions, accounting for roughly 18% of its cumulative lifetime total of 2.7 billion transactions; monthly average stablecoin transfer volume surpassed $70 billion, and the number of stablecoin holders rose 40% to 10.5 million. Additionally, Arbitrum has deployed over 2,000 tokenized RWAs. Robinhood Chain, built on Arbitrum’s tech stack, launched its mainnet on July 1, contributing $360,000 in licensing fees to the DAO that month, making up 35% of its monthly revenue. On September 1, Robinhood Chain hit daily fees of $3.75 million, decentralized exchange (DEX) volume exceeding $1.5 billion, and total value locked (TVL) of over $750 million.
4 minutes ago
Agent of "BTC OG Insider Whale": Bitcoin has held the $76,600 support level; if it breaks through $79,000, it could test higher highs.
Garrett Jin, the representative of the "BTC OG Insider Whale", stated in a post that Bitcoin (BTC) has held the critical level of $76,600. If BTC climbs further above $79,000, the price may attempt to form a higher high. However, even if BTC does post a higher high, this would still not be sufficient to confirm a genuine breakout in the market.
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NVIDIA rises nearly 5%, with its current market capitalization standing at $5.49 trillion.
According to market data from BIT (bit.com), NVIDIA's stock rose 4.82%, with its current market capitalization standing at $5.49 trillion.
@RobinhoodCrypto's proprietary blockchain has crossed a notable threshold. On-chain data tracked by Arbdata confirms the milestone, with high-demand equities including $NVDA, $TSLA, and $AAPL among the assets driving capital into the chain.
From Zero to $88 Million in Two Months The trajectory has been steep. , with memecoins and stablecoins dominating early activity. The $88 million figure represents a continuation of that climb.
Separately,
What the Chain Is and How the Tokens Work
Investors should note an important structural detail. , pointing to strong secondary market demand even as the total tokenized value figure reflects the stock of assets held rather than cumulative trading turnover.
The $88 million reading is a snapshot of locked asset value, not total value across the broader chain.
Mastercard has taken a prominent step in the crypto space by joining an upcoming XRP Ledger hackathon in New York as a sponsor. The global payments leader is set to participate in the 36-hour developer event scheduled for October 24 and 25, bringing together teams aiming to build and launch projects on the XRP Ledger prior to Ripple‘s Swell conference, which will follow in the next week.
Mastercard deepens XRPL involvementThe hackathon will focus on four primary tracks: protocol innovation, agentic finance, lending, and borrowing. Organizers have also called on existing developer teams to consider integrating XRPL features into their current projects.
Mastercard’s engagement with Ripple has been gradually expanding over the past year. In November 2024, Ripple announced a partnership with Mastercard, WebBank, and Gemini, revolving around Ripple’s RLUSD stablecoin. This collaboration followed the launch of a special XRP-compatible Mastercard credit card by Gemini in August of last year.
As investors react to rapid shifts driven by central bank decisions or sudden altcoin listings, the need for more efficient tools has become a focal point in the community. Rather than managing charts, news, and portfolios across multiple platforms, traders are now turning to privacy-first solutions like CryptoAppsy. The platform allows users to view real-time charts, access smart price alerts and coin-specific news, and track macroeconomic data—all on a single screen, without requiring account registration.
Peter Brandt shifts Bitcoin outlookIn the latest market developments, Bitcoin surged to $72,335, prompting notable trader Peter Brandt to abandon his bearish outlook and open a long position. Brandt, who leads Factor LLC, credited a decisive breakout from an infrequent inverted head-and-shoulders chart pattern as the cause for his shift in strategy, ending what had been an extended period of declines for the top cryptocurrency.
Brandt had previously expressed concerns about Bitcoin’s trajectory, suggesting there was a significant chance for a further drop, particularly as the broader trend pointed downward. However, once the CME Bitcoin futures (BTC-056 contract) price broke decisively above the crucial neckline of the pattern, the outlook reversed, resulting in a daily gain of $2,585 and driving the asset sharply higher.
Due to the prolonged formation of the right shoulder, Brandt had assessed a 60/40 probability favoring a downside resolution, especially since the broader trend had been bearish, but the technical breakout changed that dynamic.
Protest at Ripple co-founder’s homeIn San Francisco, a group of Sunrise Movement activists gathered outside the home of Chris Larsen, Ripple’s co-founder, as part of a nationwide protest targeting the use of automated license plate readers and law enforcement surveillance technology.
The demonstration, which took place on Friday, was aimed at criticizing Larsen for backing the city’s expansion of police surveillance systems. Protesters distributed flyers on the risks posed by Flock cameras and carried a mock surveillance camera to highlight their concerns, with a message asking if this approach makes residents feel safer.
Luc Bouchard, a local Sunrise Movement organizer, stated that the group doubts automated license plate readers are effective in curbing crime and argued that resources would be better invested in affordable housing.
BlackRock leads US Ethereum ETF inflowsBlackRock’s iShares Ethereum Trust ETF (ETHA) has posted more than $1.02 billion in net inflows over nine straight US trading sessions from August 17 to August 27, according to data from SoSoValue and reports compiled by Farside.
During this period, ETHA captured roughly 72% of the total net inflows into spot Ethereum ETFs in the US market. The broader group of funds attracted around $1.42 billion in the same span, while ETHA consistently avoided outflows.
On August 28, the US spot Ethereum ETF market saw an additional $102.1 million in net inflows. ETHA remained at the forefront, taking in approximately $83.8 million that day as demand for BlackRock’s offering continued to outpace its competitors.
ETHA accumulated $889.8 million in its first eight trading sessions, underscoring strong investor demand for exposure to Ethereum via BlackRock’s ETF product.
Shiba Inu gains exposure in Japan with new exchange listingJapan’s Shiba Inu community is gaining momentum after the country’s first new registration of a crypto asset exchange operator since 2022. Laser Digital Japan, the local unit of Nomura’s digital assets division, confirmed it has secured registration and can now operate as a crypto asset exchange service provider under the Payment Services Act.
This milestone follows four years without new entrants to Japan’s crypto asset industry, a period in which the country has implemented sweeping regulatory reforms, especially regarding stablecoins. Institutional sentiment has turned more positive as digital assets are increasingly seen as diversification tools, with Shiba Inu set to benefit from the growing presence of exchanges like Laser Digital Japan.
SEC Chair Paul Atkins said the agency’s newly proposed crypto framework represents its “most historic step yet” toward fulfilling the White House’s push to make the United States the crypto capital of the world, timed just ahead of the CLARITY Act’s scheduled Senate vote on September 15.
Atkins Lays Out the SEC’s Plan A and Plan B
Atkins said the SEC’s proposal is designed to work in tandem with the CLARITY Act rather than in place of it, allowing the agency to collect public comment now and be ready to move forward with formal rules once the legislation clears Congress and reaches the president’s desk.
Asked how far the SEC would go if Congress fails to act, Atkins said the agency believes it has sufficient authority under existing law to proceed with rulemaking on its own, though he was clear that path is less durable than legislation.
“What we really do need is statutory grounding of this to make sure that it is sustainable, lasting into the future,” Atkins said, noting that rules built purely on agency authority can be reversed by a future commission, while a law passed by Congress cannot be undone as easily.
Atkins also framed the effort as a reshoring push, arguing that crypto innovators have spent the past several years building products and raising capital offshore rather than in the U.S., and that American investors can already move money anywhere in the world regardless of domestic policy. “We need to make sure that they can do it here in the United States under United States law,” he said.
Crypto Markets Pull Back Even as Optimism Builds
This comes as Bitcoin, Ethereum, XRP and the broader altcoin market cool off after a recent rally. Bitcoin is trading near $77,000, down roughly 1.3% on the day, as a global bond market selloff weighed on risk assets.
Experts have observed that Bitcoin’s 4-hour Bollinger Bands are compressing following its move from $63,000 to above $80,000, a sign that volatility has cooled significantly after the run-up. With BTC trading around $77,100, $79,500 remains the important resistance level the market has been tracking closely.
XRP ETF Demand Building Despite the Pullback
Away from the price action, institutional appetite for XRP appears to be holding up. US spot XRP ETFs pulled in roughly $105 million, or about 73.2 million XRP, during the week of August 24. Analyst Ali Charts said that an hourly close above $1.38 would confirm that pattern, with the $1.31 to $1.38 range serving as the zone to watch in the meantime.
Ethereum’s Wave Structure Points to a Deeper Pullback First
After a move higher, ETH could see a pullback toward the $2,100 to $2,220 range before finding its footing. Some buying interest may show up earlier, around $2,320, which could spark a bounce toward $2,780 to $2,960 before a deeper dip back near $2,100. A daily close below $2,050 would signal this pullback scenario is no longer playing out as expected.
What It All Adds Up To
Between Atkins’ regulatory push, softening price action across majors, and mixed signals from ETF flows versus short-term technicals, the setup heading into the September 15 CLARITY Act vote looks anything but settled. Institutional demand for XRP appears to be building quietly in the background, even as Bitcoin consolidates and Ethereum’s chart structure points to further downside before any renewed rally attempt.
Story Ends Here
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Something interesting is happening on Ethereum. The network’s own activity metrics are sliding, but the DeFi protocols built on top of it are quietly thriving.
Ethereum’s daily active addresses fell from over 1.5 million in January to roughly 544,000 by July, a decline of about 64%. At the same time, DeFi protocols like Aave are seeing a surge in new wallet creation, with Aave adding 1,806 new wallets on Ethereum on June 30 alone. That was its highest single-day total since October 2021.
The numbers behind the divergence Ethereum’s broader network saw new-address creation average 327,000 per day in mid-January, with a single-day peak near 394,000. Those figures were boosted by the Fusaka upgrade in late 2025, which slashed transaction fees and made stablecoin transfers significantly cheaper.
Total value locked across Ethereum’s DeFi ecosystem held steady at roughly $41 billion as of July, showing resilience even as the headline metrics deteriorated.
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Data from analytics platforms including Santiment and Dune supports this read. Wallet growth in DeFi-specific protocols, particularly those focused on borrowing and lending, is outpacing the broader Ethereum trend.
What’s driving DeFi wallet growth Lending protocols like Aave operate on a fundamentally different dynamic. Users who deposit collateral or take out loans tend to maintain their positions over weeks or months, not hours.
The Fusaka upgrade played a supporting role here too. By reducing gas fees substantially, it lowered the barrier to entry for DeFi participation. Stablecoin transfers became cheaper, which matters enormously for lending protocols where stablecoin deposits form a large share of available liquidity.
Lower fees also mean that smaller positions become economically viable. A user who might have been priced out of depositing $500 into Aave when gas costs ate 5% of their position can now participate without that friction.
What this means for the Ethereum ecosystem The divergence raises a legitimate question about how to measure Ethereum’s health. A 64% decline in six months coincides with TVL holding steady at $41 billion and DeFi protocols posting multi-year highs in wallet creation.
Layer-2 solutions have already siphoned some transaction volume away from the main chain, and the cooling of NFT speculation removes another source of demand for ETH as gas.
Aave’s June 30 spike was impressive, but a single-day record doesn’t guarantee a trend. The users who remain are the ones actually using financial products, not speculating on digital art.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Coinbase’s Base network has quietly opened one of its most consequential testing grounds to date. Vibenet, an ephemeral developer preview network with chain ID 84538453, is now live and running three features that could meaningfully reshape how Base performs at the protocol level.
The three features are fast block confirmation, validity transactions, and native account abstraction. Each one addresses a long-standing friction point in Ethereum Layer-2 user experience, and Base is letting developers poke at all three simultaneously before any of it touches Sepolia or mainnet.
What Vibenet is actually doing The headline number is 200 milliseconds. That is how fast Vibenet is delivering block preconfirmations, which is the point at which a user can be reasonably confident their transaction is going through.
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To get there, Base built a system called Flashblocks in collaboration with Flashbots. Rather than waiting for a full 2-second block to close, Flashblocks delivers 10 incremental state updates within each 2-second window, each one arriving 200ms after the last.
The current Flashblocks approach is a bridge. The more significant milestone is the Denim upgrade, which Base is targeting for late August 2026. Denim moves from incremental preconfirmations to full canonical 200ms blocks, meaning the blocks themselves become real, not just previews.
The September 2026 Cobalt upgrade follows Denim and is expected to build on whatever Denim proves out on Vibenet. No finalized activation dates for either upgrade on mainnet or Sepolia have been announced beyond those general targets.
The account abstraction piece is the bigger deal Vibenet is running EIP-8130, which bakes account abstraction directly into the protocol layer. In practical terms, this means capabilities like transaction batching, gas sponsorship, and session keys stop being workarounds and become native features. Right now, the dominant standard for account abstraction on Ethereum is ERC-4337, which achieves similar goals but through a layer of smart contract infrastructure that adds overhead.
That overhead is measurable. According to Base’s figures, simple USDC transfers on Vibenet’s EIP-8130 implementation cost approximately 63% less than the equivalent ERC-4337 transaction.
Gas sponsorship means an application can pay gas fees on behalf of its users, so someone using a Base-native app never has to hold ETH to transact. Session keys mean users can pre-authorize a set of actions for a defined time period without signing every individual transaction.
Developers can access Vibenet now through its faucet and block explorer tools. The features are live and testable, which is the clearest possible signal that Base treats these upgrades as near-term reality rather than long-range ambition.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Grayscale, a16z and the Crypto Council for Innovation ask the SEC not to automatically tighten the rules for the new generation of ETFs. The crypto sector especially refuses that Bitcoin, Ethereum or other digital assets be placed in the same category as private asset funds, leveraged strategies or event contracts. The three organizations want faster reviews tailored to the real risk of each product.
In brief Grayscale, a16z and the CCI sent their proposals to the SEC at the end of August. a16z asks the SEC not to treat all new ETFs as a single category. Grayscale notably wants to establish a confidential procedure before the official submission of a file. Crypto refuses a single rule for all ETFs The SEC has been working on this file for several weeks. The regulator opened at the end of June a consultation on new ETFs and digital assets. Grayscale and a16z have now responded.
The common point between their letters is quite clear: a crypto ETF should not automatically face new constraints simply because the SEC considers it “novel,” that is, new or unusual. The category studied by the regulator is very broad.
It can include products exposed to crypto, private assets, commodities, a single stock, highly leveraged strategies, or prediction markets. a16z believes these products do not present the same liquidity, valuation, or investor protection issues.
The company also recalls that crypto ETFs and ETPs now have a more developed infrastructure. Bitcoin and Ethereum have already set precedents. Solana also has products listed in the United States. For a16z, starting almost from scratch for each new category therefore does not make much sense.
Grayscale and a16z propose two different paths However, the two groups do not agree on everything. a16z wants to keep the current definition of an “investment company” provided by the Investment Company Act of 1940. A product that mainly holds assets that are not financial securities should not automatically fall into this category.
Grayscale defends a similar position. The manager notably refuses that the SEC impose new portfolio conditions, minimum quotas of financial securities, or additional restrictions on crypto products that already have a compliance history. The matter is becoming concrete for Grayscale. The group also removed three Cardano, Hedera, and Polkadot ETF applications in August.
Another problem: timing. Today, an issuer can finish part of the registration of its fund while the authorization for listing by the exchange is still pending. a16z wants to better coordinate these two procedures. The company proposes standardized timelines, shorter reviews, and, when possible, simultaneous processing of applications.
Grayscale puts forward another idea. The group wants an optional and confidential procedure before the public filing, with a defined response time for SEC staff. The CCI also supports this mechanism. It notably mentions the problem of files copied very quickly after their publication, a phenomenon that the use of AI could accelerate even more.
The next wave of crypto ETFs is happening now The market concerned is already large. Assets held in US ETFs exceed 12 trillion dollars according to figures cited in the responses addressed to the SEC. More than 4,600 funds are now available.
Crypto represents only part of this market. But it is advancing quickly. US spot Bitcoin ETFs recently approached 100 billion dollars in assets. Ethereum and Solana also have their own products, while managers are testing assets increasingly distant from the two large cryptos.
One detail still divides the players. a16z would like to reserve the term “ETF” for funds registered under the Investment Company Act. Other products would be clearly identified as ETPs. Grayscale opposes this. For the manager, the term ETF can also describe a listed product with an arbitrage mechanism and a transparent price, regardless of its precise legal framework.
The CCI prefers clearer information on the regulatory status of each product rather than a complete change of names. The SEC must now decide between investor protection, speed of procedures, and the arrival of much more varied crypto products. As for the candidates, they are no longer waiting for Bitcoin or Ethereum: Grayscale has, for example, filed an application to launch a BNB ETF on Nasdaq.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
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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.
TLDR Crypto funds pulled in $3.2 billion last week, the largest weekly inflow since October 2025. BlackRock’s IBIT led the pack with $928 million, adding to $1.3 billion the week before. Ethereum, Solana, XRP, Hyperliquid, and Dogecoin funds all kept their inflow streaks alive. Crypto funds have averaged $1.3 billion in weekly inflows for four straight weeks. Bitcoin funds saw a brief outflow, pointing to a possible shift toward altcoins. Crypto funds took in $3.2 billion last week. This is the biggest weekly inflow the sector has seen since October 2025.
The data comes from The Kobeissi Letter, which tracks fund flows across the crypto market. It shows investors are putting money into both crypto and gold funds at the same time.
BlackRock’s IBIT fund led the way. It brought in $928 million last week alone.
That follows $1.3 billion the week before. Together, IBIT pulled in more than $2.2 billion over two weeks.
Bitcoin was not the only asset getting attention. Ethereum, Solana, XRP, Hyperliquid, and Dogecoin funds also kept their inflow streaks going.
Four Weeks of Steady Inflows Crypto funds have now averaged $1.3 billion in weekly inflows for four straight weeks. That is the strongest four-week pace the market has seen in about ten months.
The steady pace suggests demand has held up over time. It has not been a single spike.
But there is a twist in the data. Money appears to be moving from Bitcoin toward other coins.
A Shift From Bitcoin to Altcoins U.S. Bitcoin funds saw a nine-day inflow streak come to an end. That week, they recorded $202 million in outflows.
Even so, Bitcoin funds still pulled in $925 million for the week overall. IBIT alone brought in $938 million during that stretch.
Ethereum funds told a different story. They saw $824 million in weekly inflows.
An extra $102 million came in on August 28. That extended Ethereum’s inflow streak to 10 sessions in a row.
Solana and XRP funds also picked up fresh money during the same period.
This pattern has led some analysts to suggest investors are shifting toward altcoins. The move appears to be happening ahead of what traders call the “September effect.”
Scott Melker, known online as “The Wolf of All Streets,” commented on the trend. He said, “The bid rotated. It did not reverse.”
US Bitcoin ETFs just snapped a 9-day inflow streak.
Here's what you need to know:
1) US spot Bitcoin ETFs saw $202 million in net outflows on Friday, the first red day in 9 sessions
2) The same week, those funds still took in $925 million
3) BlackRock's IBIT alone took in… pic.twitter.com/kzhxjv4zZx
— The Wolf Of All Streets (@scottmelker) August 31, 2026
His comment points to a change in where money is going, rather than a drop in overall demand.
The latest weekly numbers show crypto funds are still pulling in cash across the board. Bitcoin, Ethereum, Solana, XRP, Hyperliquid, and Dogecoin funds have all posted inflows in recent weeks.
The four-week streak of $1.3 billion in average weekly inflows remains intact as of the most recent data. Whether the rotation from Bitcoin to altcoins continues will depend on flows in the coming weeks.
Remixpoint, a Tokyo-listed energy and digital asset firm, has exited every altcoin on its balance sheet.
In a timely disclosure filed on September 2, 2026, the company confirmed it sold all of its Ethereum, Solana, XRP, and Dogecoin on September 1.
The total proceeds came to ¥878,814,569 (~$5.5 million). After the sales, the firm now holds only Bitcoin, approximately 1,506 BTC, cementing its shift to a pure Remixpoint Bitcoin treasury strategy.
Four Altcoins Sold in One Day, Dogecoin Was the Only Loser The sales covered four assets in a single trading day. Remixpoint sold 901.44 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE.
Against a combined book value of ¥761 million, the firm booked a gain of ¥117,772,649 (~$737,000). ETH and SOL carried the bulk of the profit.
XRP came in as a modest gain. Dogecoin was the only position sold at a loss, at ¥3.25 million below cost.
The sale was executed into a turbulent tape. As CoinGape had reported, Bitcoin fell below $77,000 as fresh U.S. military strikes triggered a broad risk-off selloff on September 1.
Despite that backdrop, Remixpoint still closed the altcoin stack in profit relative to its fiscal-year opening book value.
This signals the sales were a planned strategy close-out. Not capitulation.
Meanwhile, other firms are moving in a different direction on the very same assets.
SharpLink has resumed Ethereum accumulation, and Solana treasury firm DFDV resumed SOL purchases as prices climbed above $100.
Remixpoint’s exit makes it an outlier among DAT peers still stacking altcoins.
Remixpoint Joins Japan’s BTC-Only Treasury Wave, But Charts Its Own Course This move places Remixpoint firmly inside Japan’s growing wave of Bitcoin treasury companies. Yet the firm’s path differs from peers like Metaplanet.
Japan’s largest Bitcoin treasury, Metaplanet, recently added 2,823 BTC, while also launching its U.S. Superplanet vehicle and deploying Bitcoin as productive collateral.
Metaplanet is scaling aggressively. Remixpoint, by contrast, sold its altcoin sleeve to fund grid-scale battery projects.
The company’s own disclosure confirms BTC also generated yield during the holding period.
Bitcoin lending between February and August 2026 produced 14.92 BTC, worth approximately ¥164.21 million.
August alone yielded 2.48 BTC (~¥31.15 million). Combined ETH and SOL staking over the same window added ¥29.87 million.
Management’s logic is clear: BTC serves as both the reserve asset and the yield engine. Altcoin staking was not worth the complexity.
The XRP exit is particularly notable given Japan’s regulatory direction. Lawmakers are advancing a bill to treat Bitcoin, Ethereum, and XRP like stocks, which could cut crypto tax toward 20%.
At the same time, SBI Holdings is still expanding XRP rails and gaming firm Gumi is adding both BTC and XRP.
Remixpoint’s XRP exit is one mid-cap treasury de-risking, not a signal that Japan is abandoning the asset.
Globally, the DAT debate is also shifting. Strategy has authorized Bitcoin sales for credit and dividend purposes, though Michael Saylor insists the firm will remain a net Bitcoin buyer.
Smaller Japanese firms like ANAP have also entered the BTC treasury space. Remixpoint’s ¥117.8 million profit will book as Q2 FY2027 revenue, quarter ending September 30, 2026.
Proceeds are directed toward battery storage expansion and strengthening shareholder value.
Our guide compares top decentralized futures exchanges by liquidity and fees.
EURC joins USDC on Circle's native transfer railsStablecoin issuer @circle has extended its Cross-Chain Transfer Protocol (CCTP) to cover native EURC transfers, applying the same burn-and-mint mechanism it already uses for $USDC. The expansion launches first on Ethereum and Base.
Under the protocol, That means no wrapped version of EURC is created at any point in the process.
Adding EURC to CCTP brings Circle's euro token in line with the infrastructure that has underpinned USDC cross-chain transfers since the protocol launched.
EURC's growing footprint under MiCAThe timing reflects EURC's rapid growth.
Bringing native EURC transfers to CCTP removes a key friction point for developers and institutions moving euro-denominated liquidity between chains without relying on wrapped assets or third-party bridges.
Sources
Circle: Cross-Chain Transfer Protocol (CCTP)
Circle: EURC Exceeds €400 Million in Circulation
Crypto News: Circle's euro stablecoin EURC tops €400 million in circulation
After a sharp rise in Bitcoin and altcoins, the trend has recently turned downwards, but a new study published by ARK Invest and Glassnode reveals noteworthy data regarding the decentralization of cryptocurrency networks.
A joint study by Ark Invest and Glassnode has revealed a remarkable picture of the decentralization of the Bitcoin, Ethereum, and Solana networks.
According to this study, in the Bitcoin and Ethereum networks, it is sufficient for three independent actors to act in coordination to reach the level considered a critical threshold. In contrast, Solana requires 19 organizations.
Three Bitcoin Mining Pools Exceed the 51% Threshold! One of the most striking findings of the study concerned the Bitcoin network. The study revealed that Bitcoin requires three organizations each to accumulate enough processing power or stakes to influence block production.
At this point, the critical control threshold for Bitcoin is considered to be 51% of the network’s total mining power.
Research data for 2026 shows Foundry USA with 27.27%, AntPool with 17.06%, and F2Pool with 16.96% of hash power. The combined hash power of these three mining pools is sufficient to surpass the critical 51% threshold.
However, researchers also point out that this data does not mean that Bitcoin is controlled by three companies.
In Ethereum, the Critical Threshold is Three Actors!
In the case of Ethereum, the research uses a different threshold due to the structure of the Proof-of-Stake mechanism. For Ethereum, the critical threshold is considered to be 33% of the total stake amount.
According to the study, the critical threshold on the Ethereum network can only be surpassed by the total stake controlled by the three largest staking organizations. However, this does not mean that Ethereum is directly controlled by these three companies. These staking organizations perform verification on the network by pooling ETH belonging to numerous different users.
The Situation is Different in Solana! The study concluded that, unlike Bitcoin and Ethereum, Solana requires the coordination of 19 independent assets to reach the same critical threshold. At this point, Solana sacrifices decentralization in exchange for higher performance and faster coordination.
The study concluded that even if a particular mining pool or validator constitutes a large share of the network, this does not automatically mean that the operator directly owns all of the underlying hash power or staked assets.
*This is not investment advice.
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Ethereum (ETH) price is down by 3.55% today to trade at $2,370 at the time of writing. The drop comes amid increased selling across the broader crypto market due to fear that the US Federal Reserve will hike interest rates.
ETH’s price decline also fails to mirror the growth of Robinhood Chain, which runs on Ethereum layer two network, Arbitrum. An ARK Invest analyst now says that layer two networks are not adding any value to Ethereum.
Analyst Questions the Benefit of L2 Networks to ETH The DEX volumes on Robinhood Chain have jumped from $480 million on August 20 to $1.44 billion at the time of writing. The DeFi TVL has also reached a record high of $758 million, per data from DeFiLlama.
A recent report by CoinGape also noted that Robinhood Chain recorded higher app revenue than Ethereum and Hyperliquid.
Despite Robinhood Chain posting this much growth, analyst Lorenzo Valente of ARK Invest says that Ethereum is getting less than 1% of the revenue that is coming from Robinhood Chain.
Lorenzo notes that on August 30, Robinhood Chain recorded $978,000 in revenue and Ethereum got only $155 of this, while Arbitrum received $108,000.
“Ethereum’s cut is a fixed-ish L1 data-posting cost, not a revenue share… the market is also slowly realizing it is an extremely bad business for Ethereum,” Valente noted.
Arkham also notes that Robinhood Chain is now generating a higher fee than Solana, Ethereum, and Base, as the number of transactions and DEX volumes rise.
ETH Withdrawals Surge Amid Rising ETF Demand CryptoQuant analyst CryptoonChain notes that an average of 25,178 ETH was withdrawn from Binance every day in August, suggesting that there was a decline in Ethereum selling pressure during the month.
The surging exchange outflows coincided with rising inflows to Ethereum ETFs. Data from SoSoValue shows that Ethereum ETFs have recorded 12 consecutive days of inflows.
On September 1, Ethereum ETFs also recorded $10 million in inflows despite concerns about the Fed hiking interest rates.
Ethereum ETF Flows (Source: SoSoValue) ETH ETFs also saw $1.85 billion in inflows in August 2026, with this being the highest monthly inflows by the ETFs since August 2025.
Ethereum Price Forecast as Analyst Targets $3,000 Ethereum price has created a rounded top pattern on the four-hour chart. This pattern supports a bearish future Ethereum price outlook because it suggests that some traders booked profits after the recent move to $2,500.
This rounded top pattern has a height of 5.22%. Hence, ETH could drop to $2,200 in the near term if it drops below the support of $2,380.
The RSI reading of 33 suggests that the momentum is favoring bears. The AO bars that are red and growing in length also show that the selling pressure is outpacing the buying pressure as Ethereum price edges lower.
ETH/USDT: 4-Hour Chart (Source: TradingView) Analyst Michael Van de Poppe also supports a bearish outlook in the near term, saying that ETH price could drop to $2,200, with that being a good entry point for long buyers.
However, the analyst notes that Ethereum price could recover to $3,000 if traders use the drop to $2,200 to enter new positions.
Tether sued by two Thai businessmen over freezing $42.4 million in USDT
Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.
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Binance will list multiple USDT-denominated TradFi perpetual contracts.
According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract
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Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.
Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.
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Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
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Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
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Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
PANews, September 2 - According to SoSoValue data, affected by combined factors such as the escalating U.S.-Iran conflict and surging U.S. Treasury yields, the crypto market generally pulled back, and the Meme sector performed weakly, falling 3.18% over 24 hours. Within the sector, Pump.fun (PUMP) fell 8.41%, and OFFICIAL TRUMP (TRUMP) fell 6.42%, but the popular Robinhood Chain ecosystem tokens Pons (PONS) and Cash Cat (CASHCAT) rose 0.96% and 2.83%, respectively.
In other sectors, the DeFi sector fell 0.82%, while Uniswap (UNI) rose 11.16% against the trend; the CeFi sector fell 1.62%, and Cronos (CRO) fell 3.98%; the Layer 1 sector fell 2.82%, and Canton Network (CC) fell 7.63%; the Layer 2 sector fell 2.92%, and Arbitrum (ARB) fell 1.34%; the PayFi sector fell 3.18%, and Zcash (ZEC) fell 2.93%.
Bitcoin has slipped to $76,926.53, down 2.2% over the past day, pulling Ethereum and XRP lower with it after US forces struck Iranian targets near the Strait of Hormuz, sending oil prices to their highest level in 40 days and rattling investors across every major asset class.
A Fast-Moving Geopolitical Shock
President Trump confirmed the strikes and warned Iran against retaliating, later adding he isn’t trying to push Iran back to the negotiating table and “couldn’t care less” whether Tehran signs any deal.
Oil surged past $90 a barrel on the news, its highest print in roughly six weeks, as traders priced in the risk of a prolonged disruption to one of the busiest shipping lanes for global crude.
The fallout wasn’t contained to oil or crypto. Japan’s Nikkei tumbled 2.7%, erasing an estimated ¥31.8 trillion, around $202 billion, in market value, with the damage concentrated heavily in tech stocks. South Korea’s annual inflation came in at 3.1%, slightly below the 3.2% forecast, doing little to offset the broader risk-off mood sweeping through Asian and global markets.
Where the Numbers Stand
Total crypto market cap has slipped to $2.7 trillion, down 1.4% on the day, with $82.4 billion in trading volume. Ethereum has fallen to $2,395.12, down 3.0%, while XRP has dropped to $1.33, down 3.7% on the day. Solana is down 4.0% at $98.77, and BNB has slipped 1.8% to $681.55.
A Familiar Pattern on the Charts?
Not everyone reading the pullback as purely bad news. Analyst Ali Charts pointed to similarities between Bitcoin’s current price structure and its 2023 bottoming pattern, when Bitcoin tested resistance three separate times, each attempt followed by a roughly 20% pullback toward the middle of its trading range, before finally breaking out on a fourth attempt and igniting its last major bull run.
Bitcoin has already been rejected once near the top of a similar channel this time around, and if the pattern repeats, Ali Charts said further failed breakout attempts and a pullback toward the $70,000 zone could come before any decisive move higher.
For now, the immediate driver remains geopolitical. With US-Iran tensions escalating in real time and oil prices climbing on fears of a wider disruption, crypto markets are trading defensively until there’s more clarity on how far the conflict extends.
Story Ends Here
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Tether sued by two Thai businessmen over freezing $42.4 million in USDT
Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.
4 minutes ago
Binance will list multiple USDT-denominated TradFi perpetual contracts.
According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract
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Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.
Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.
4 minutes ago
Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
4 minutes ago
Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
4 minutes ago
Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Wednesday, with technical indicators suggesting early weakening momentum across the top three cryptocurrencies following massive gains in August. BTC shows early bearish signals, while ETH has extended its pullback after rejection near $2,500. Meanwhile, XRP is consolidating below key support, keeping the outlook cautious.
Bitcoin shows early bearish signsBitcoin price trades at $77,249 on Wednesday after a mild correction the previous day. Despite the pullback, BTC maintains a bullish near-term bias as price holds well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $69,300 and $72,400.
This stacked configuration of rising EMAs suggests the broader uptrend remains intact, even as Moving Average Convergence Divergence (MACD) has slipped back toward the signal line and turned slightly negative, hinting at some loss of upside momentum while the Relative Strength Index (RSI) eases from overbought territory but stays comfortably above the neutral 50 line.
On the downside, initial support is at the longer-term 200-day EMA around $72,365, the 50-day EMA around $70,295, the 100-day EMA near $69,232, with additional structural floors at $66,500 and $62,300 if a deeper correction unfolds.
On the topside, the next notable resistance aligns with the horizontal barrier at $85,000, and a daily close above this level would reopen the path for the uptrend. In contrast, failure to clear it could encourage further consolidation back toward the EMA support band.
BTC/USDT daily chartEthereum faces rejection from the $2,500 markEthereum trades at $2,407 on Wednesday after rejection near $2,500 the previous day. ETH holds a constructive near-term bias as price trades firmly above the 50-day, 100-day and 200-day EMAs clustered between roughly $2,060 and $2,170, suggesting a supportive medium-term trend despite the latest pullback from recent highs.
The RSI eases to about 63 from overbought territory, hinting at cooling but still positive momentum. At the same time, the Moving Average Convergence Divergence (MACD) has slipped into negative territory, reinforcing the view that upside may be consolidating rather than accelerating in the very near term.
On the topside, immediate resistance emerges at the horizontal barrier near $2,500, with a subsequent cap at $3,000 where sellers are likely to reassert control if the recovery extends.
On the downside, initial support appears at the 200-day EMA around $2,167, reinforced by the 50-day EMA near $2,126 and the 100-day EMA near $2,053. At the same time, a deeper retreat would bring the psychological $2,000 horizontal floor into focus.
ETH/USDT daily chartXRP slips below key supportXRP price trades at $1.342 on Wednesday, consolidating just under the 200-day EMA at $1.350, leaving the broader bias neutral as it holds above the clustered 50-day and 100-day EMAs around $1.216 but has yet to reclaim its longer-term trend barrier.
The RSI at 57 shows mildly positive but not overbought momentum, while the MACD has slipped slightly negative, hinting at waning upside pressure after the recent surge.
On the topside, immediate resistance is defined by the 200-day EMA at $1.350; a daily close above this level would expose the next notable cap at the horizontal resistance near $1.900.
On the downside, initial demand is seen at the horizontal support around $1.300, with stronger structural support emerging from the 50-day EMA at $1.216 and the 100-day EMA at $1.215; a loss of these levels could trigger a deeper pullback toward the psychological and historical floor near $1.000.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.
Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.
Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.
Tether sued by two Thai businessmen over freezing $42.4 million in USDT
Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.
4 minutes ago
Binance will list multiple USDT-denominated TradFi perpetual contracts.
According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract
4 minutes ago
Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.
Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.
4 minutes ago
Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
4 minutes ago
Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
4 minutes ago
Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
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.
Tether sued by two Thai businessmen over freezing $42.4 million in USDT
Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.
4 minutes ago
Binance will list multiple USDT-denominated TradFi perpetual contracts.
According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract
4 minutes ago
Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.
Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.
4 minutes ago
Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
4 minutes ago
Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
4 minutes ago
Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
Tether sued by two Thai businessmen over freezing $42.4 million in USDT
Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.
4 minutes ago
Binance will list multiple USDT-denominated TradFi perpetual contracts.
According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract
4 minutes ago
Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.
Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.
4 minutes ago
Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
4 minutes ago
Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
4 minutes ago
Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
Key Highlights August saw ETH climb 32.5%, marking its strongest monthly showing since July 2025 Spot Ethereum ETFs in the United States registered $1.85 billion in net capital inflows throughout August Large holders amassed 430K ETH as smaller investors reduced their positions Price action shows ETH battling to overcome the $2,550 barrier, currently hovering near $2,463 BitMine added 53,501 ETH to its portfolio last week, pushing total reserves to approximately 5.9 million ETH As of September 2, Ethereum is changing hands around $2,463, reflecting a 1.79% increase in the last 24-hour period. This comes after an impressive August session where ETH delivered a 32.5% monthly advance — representing its strongest performance since July 2025.
Ethereum (ETH) Price The surge was primarily fueled by United States-based spot Ethereum exchange-traded funds. Data from SoSoValue indicates these investment vehicles drew in $1.85 billion in net capital during August, representing their strongest monthly showing in more than 12 months. The funds concluded August with an impressive 11-consecutive-day inflow sequence, experiencing just four sessions of outflows throughout the entire period.
Large wallet addresses containing between 10,000 and 100,000 ETH purchased 430,000 ETH throughout August, with the majority of this accumulation occurring during the latter half of the month. Simultaneously, smaller retail addresses disposed of significant ETH holdings, indicating a pronounced shift from individual investors to institutional players.
Source: CryptoQuant Staking participation also experienced notable growth. Ethereum staking smart contracts received 1.4 million ETH during August, representing the most substantial monthly expansion since February 2024. Increased ETH deposits into staking mechanisms effectively decrease circulating supply in the market.
Market analyst BATMAN highlighted this momentum change on X, observing that ETH “seems to not be getting the attention it deserves.” He emphasized that the recent price movement signaled a trend reversal toward bullish territory following nearly twelve months of downward pressure. He observed that the 50-day moving average, which had consistently served as resistance, is now functioning as a support level. His advice to the community: “Don’t sleep on ETH.”
$ETH seems to not be getting the attention it deserves.
The recent pump marked a trend reversal back to bullish, after being bearish for almost a year.
Ethereum got rejected by the 50-day MA multiple times.
Now that things have been flipped, it acts as support.
Don't sleep on… pic.twitter.com/U8hI5zXbyG
— BATMAN ⚡ (@CryptosBatman) September 1, 2026
Resistance at $2,550 Proves Stubborn Notwithstanding August’s impressive performance, ETH has encountered difficulty breaking through the $2,550 threshold. Several breakout attempts have been unsuccessful in establishing a sustained move beyond this price point. On-chain specialist Ted Pillows observed that leveraged long positions are accumulating rapidly at current price levels, creating potential liquidation risk if ETH faces another rejection. Open interest has climbed to approximately 4.973 million, accompanied by elevated funding rates.
$ETH tried to break above the $2,550 level but failed again.
For now, I think most of Ethereum's moves are done in the short term.
Expecting more chop and a small capitulation before reversal. pic.twitter.com/Q1pD2dS8xR
— Ted (@TedPillows) August 31, 2026
Should bulls fail to defend present levels, the $2,250–$2,300 range represents the next significant support zone worth monitoring. Successfully clearing $2,550 could potentially trigger a rally toward the $2,650–$2,700 territory.
Corporate Accumulation Persists Corporate appetite for ETH has remained strong despite near-term consolidation. BitMine acquired another 53,501 ETH during the previous week, increasing its cumulative position to roughly 5.9 million ETH.
Market commentator DonAlt has highlighted that macro resistance between present price levels and the $4,000–$4,100 range appears relatively sparse, establishing that zone as an important longer-term objective should ETH sustain upward momentum.
ETH currently trades at $2,463, with the $2,550 level representing the most prominent near-term resistance obstacle on the chart.
Ethereum extended its bullish momentum in August, climbing 32.5% for its strongest monthly performance since July 2025. On September 2, the leading smart contract platform traded around $2,463, marking a 1.79% gain in the previous 24 hours.
Spot Ethereum ETFs drive inflowsRobust capital inflows into US-based spot Ethereum exchange-traded funds were a central force behind Ethereum’s rally. According to blockchain analytics firm SoSoValue, these ETFs registered $1.85 billion in net new capital last month. This marked their largest month of inflows in over a year, including an unbroken 11-session inflow streak and only four sessions of outflows during August.
SoSoValue reported $1.85 billion in net capital flowed into spot Ethereum ETFs in August, the sector’s best showing in more than 12 months.
Spot ETFs allow investors to gain exposure to Ethereum without directly holding the asset, and such products have become increasingly popular with institutional investors.
Mini dictionary: Spot Ethereum ETF, an exchange-traded fund that tracks the price of Ethereum and settles transactions in real-time without using futures contracts.
Large holders accumulate as retail investors exitA noticeable shift in Ethereum’s ownership structure unfolded during August. On-chain data revealed that large wallets holding between 10,000 and 100,000 ETH accumulated 430,000 ETH, with most of these purchases happening late in the month. By contrast, smaller retail addresses reduced their ETH positions, suggesting heightened institutional accumulation at the expense of individual investors.
Ethereum staking activity also accelerated. Staking contracts received 1.4 million ETH during August, the largest monthly increase since February 2024. Increasing the amount of ETH locked in staking contracts reduces the circulating supply available for trading.
Market observer BATMAN described recent price gains as a reversal to bullish momentum after a year of downward pressure and pointed to the 50-day moving average now acting as support for ETH.
Resistance at $2,550 holds firmWhile the August surge propelled ETH near the $2,550 mark, it has struggled to achieve a decisive breakout above this level. Moves to clear the resistance have repeatedly faltered, prompting some analysts to anticipate short-term volatility. On-chain specialist Ted Pillows noted that leveraged long positions are accumulating around current prices, which could increase liquidation risk if the asset faces another rejection. Open interest has risen to about 4.973 million, alongside higher funding rates.
Support LevelCurrent ResistanceNext Resistance$2,250–$2,300$2,550$2,650–$2,700Traders are monitoring $2,250–$2,300 as the next major support in the event of a pullback, while a clear daily close above $2,550 could open the path to $2,650–$2,700.
Corporate accumulation and longer-term targetsInstitutional demand has remained robust. BitMine, a large digital asset investment firm, acquired 53,501 ETH last week. This increased its reserves to approximately 5.9 million ETH, affirming continued corporate interest even as prices consolidate.
Crypto analyst DonAlt has commented that the range between current prices and $4,000–$4,100 holds relatively light resistance, making it a key long-term target if bullish momentum is sustained.
In the immediate term, ETH continues to trade at $2,463, with the $2,550 level remaining the most significant obstacle for further upside.
Leading cryptocurrencies corrected on Tuesday as investors weighed in on President Donald Trump’s latest warnings to Iran.
Crypto Market Cools DownBitcoin dived below $77,000, while Ethereum retreated beneath $2,400 amid a sharp correction across the cryptocurrency market.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 6.06% and 7.70%, respectively.
Long liquidations spiked, with over $250 million liquidated after the drop in spot prices, according to Coinglass data.
Bitcoin’s open interest fell 2.84% over the last 24 hours. Interestingly, smart money sentiment on Binance, which refers to the collective outlook and capital allocation of institutional investors, turned "extremely bullish."
"Greed" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.60 trillion, contracting by 1.86% over the last 24 hours.
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Stocks Pressured After US Strikes on IranStocks extended their losses on Tuesday. The Dow Jones Industrial Average plunged 419.02 points, or 0.79%, to end at 52,766.88. The S&P 500 declined 0.71% to close at 7,631.4, while the Nasdaq Composite shed 1.03% to settle at 26,099.77.
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The U.S. military launched a fresh wave of strikes on Iranian targets near the Strait of Hormuz, in retaliation for what President Donald Trump said was a “failed attempt at adding sea mines” to the critical waterway.
Trump warned Iran of further consequences if it retaliates for this “justified attack” by the U.S.
Bitcoin Repeating 2023 Pattern?Ali Martinez, a widely followed cryptocurrency analyst and trader, said Bitcoin could be mirroring its 2023 bottoming pattern, with multiple tests of a descending channel’s upper trendline before a breakout.
“If history repeats, we could see a few more failed breakout attempts, followed by a pullback toward the mid-range near $70,000, before a decisive breakout,” the analyst remarked.
On-chain analytics firm CryptoQuant noted that Bitcoin’s underlying on-chain structure appears weaker than the price rally suggests, with holders consistently realizing profits.
Net Realized Profit and Loss indicator saw two major spikes last month, among the largest this year outside the January-February crash.
“Pressure hasn’t cleared, just shifted from acute to chronic,” CryptoQuant added. “Bottom line: price direction hinges on which breaks first — fading spot demand or persistent realized profit.”
The US Department of Commerce has announced the integration of Chainlink, a leading provider of blockchain oracle solutions, to transmit official economic data to public blockchain networks. This program enables transparent and immutable dissemination of key economic statistics, as released by the Bureau of Economic Analysis (BEA), across 10 different blockchain platforms.
Official data streams on public blockchainsThe initiative currently broadcasts three core economic metrics: real gross domestic product (GDP), the PCE Price Index, and Real Final Sales to Private Domestic Purchasers. Each indicator is distributed through two separate data streams—one showing the latest official value and another reflecting annualized quarter-over-quarter percentage changes. In total, six unique data feeds are available.
These statistics are updated in line with the BEA’s official release schedule, with some refreshed monthly and others quarterly. All information matches what is released via traditional government platforms but is formatted specifically for smart contract applications and decentralized platforms.
The data streams operate simultaneously across 10 blockchain ecosystems, including Ethereum, Arbitrum, Avalanche, Base, Botanix, Linea, Mantle, Optimism, Sonic, and ZKsync. Representatives from Chainlink indicated that network support could expand in response to future demand.
The real GDP feed reports inflation-adjusted US economic output in chained 2017 dollars. The PCE Price Index, closely watched by financial markets as the Federal Reserve’s top inflation gauge, tracks price growth across the economy. Real Final Sales to Private Domestic Purchasers offers insight into consumption and private investment, excluding government, trade, and inventory swings.
Commerce Secretary Howard Lutnick emphasized accessibility, stating that making America’s economic data globally verifiable and immutable secures the nation’s position as a leader in blockchain technology.
Data integrity is maintained through strict compliance with international information security standards, including ISO 27001 and SOC 2 Type 1. This program extends a previous effort in which the Commerce Department worked with Pyth Network to make BEA economic data available on blockchains such as Bitcoin and Solana.
How Chainlink connects government data to smart contractsChainlink, a decentralized oracle network, bridges the gap between external real-world data and blockchain smart contracts. By converting BEA statistics into blockchain-compatible formats, Chainlink enables decentralized applications (dApps) to utilize official economic indicators for automated protocols and financial contracts.
Potential applications for these on-chain data feeds include inflation-indexed digital instruments, derivative protocols, and lending platforms that can automatically adjust risk provisions based on the latest macroeconomic figures. However, Chainlink has described these as hypothetical use cases rather than confirmed commercial deployments within this specific collaboration.
Mini dictionary: Chainlink, established in 2017, is a decentralized oracle network that allows smart contracts to securely interact with real-world data, APIs, and traditional payment systems without compromising security or reliability.
LINK performance and market outlookCryptocurrency analyst @TheEliteCrypto reported that LINK’s market capitalization has climbed to $8.5 billion, reflecting a significant recovery from previous levels between $3 billion and $6 billion. The analyst identified strong support at the $6 billion mark and a key resistance target at $10 billion. In earlier market cycles, LINK’s capitalization exceeded $20 billion at its peak.
MetricPrevious RangeCurrent ValueMajor ResistanceAll-time HighLINK Market Cap$3B – $6B$8.5B$10B$20B+Standard Chartered Bank pegged a $200 price target for LINK by 2030, driven by the expanding market for tokenized assets and growing decentralized finance infrastructure. Analyst Geoff Kendrick projected that blockchain-based assets could collectively reach $4 trillion in value by the end of 2028.
Chainlink recently expanded its oracle services with new data feeds for Coinbase-issued tokenized equities on the Base network, including digital representations of companies such as NVDAc, AAPLc, METAc, and GOOGLc. These feeds support the development of collateralized lending protocols and bring traditional assets into blockchain-based financial systems.
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.
According to HTX market data, escalating US-Iran tensions have pushed the crypto market into another downturn. Bitcoin fell below $77,000 this morning, currently trading at $77,300. Ethereum dropped below $2,400, SOL slipped below $100, and BNB is now at $683. The total cryptocurrency market cap has shed 1.5% in 24 hours, standing at $2.7 trillion. Top gainers include SC and ACE, surging over 30% in 24 hours; ONG, FF, FIL, and CHIP rising more than 10%. UNI extended its strong run, climbing 10.37% to $5.9. The primary catalyst for UNI’s rally is the explosion in real trading volume on Robinhood Chain, which has made Uniswap the leading DEX for tokenized stock RWAs on Robinhood. Daily tokenized stock trading volume once hit roughly $130 million, nearly a 10-fold increase in a month. Furthermore, since Uniswap’s v4 version fee switch launched on Robinhood on July 27, the chain has become a key contributor to its fee revenue. Meanwhile, altcoins including CRDOB, HEMI, PROM, MITO, and ZKC have dropped over 10%.
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.
