Crypto industry veterans are skeptical of a revival for altcoins but argue that Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) remain among the few assets with compelling long-term cases.
Speaking with Milk Road, Electric Capital co-founder Avichal Garg pushed back against the increasingly popular argument that "everything except Bitcoin (CRYPTO: BTC) is dead."
He acknowledged that many cryptocurrencies may ultimately have little reason to exist but argued that Bitcoin’s success doesn’t necessarily mean there can only be one valuable internet-native asset.
Instead, Garg sees Ethereum, Solana and Near Protocol (CRYPTO: NEAR) occupying distinct niches.
Ethereum: In his view, ETH combines many of Bitcoin’s store-of-value characteristics, including liquidity, divisibility, seizure resistance and global transferability, with programmability.
That could prove particularly important as stablecoins and tokenized financial assets expand.
Ethereum’s smart-contract infrastructure could potentially become a major settlement layer for the global financial system, with ETH functioning as underlying collateral.
Solana: Rather than competing directly with Bitcoin as “digital gold,” Garg sees SOL’s high throughput, cheap transactions, stablecoin integrations and strong developer ecosystem positioning it as a consumer-focused blockchain.
Applications such as decentralized trading platforms could eventually generate sustainable businesses on top of the network.
Garg also highlighted Near as a potential beneficiary of the emerging AI-agent economy.
Bitcoin Remains The Core HoldingIn an interview with "When Shift Happens" on Aug. 6, Scott Melker took an even more concentrated approach with his current crypto exposure at roughly 80% Bitcoin, 10% Ethereum and 10% Solana.
Melker still considers Ethereum and Solana attractive long-term investments, particularly as institutional interest grows, but doesn’t view them with the same permanence as Bitcoin.
He argues that many crypto projects never needed tokens in the first place. Others built businesses without creating tokenomics capable of transferring that economic value to token holders.
However, spot Bitcoin ETFs, institutional adoption, stablecoins, tokenization and blockchain integration by traditional financial institutions are expanding despite depressing retail sentiment towards many tokens.
The emerging divide, therefore, may no longer be simply Bitcoin versus altcoins.
Instead, the next phase of crypto could become Bitcoin plus a small group of networks with demonstrable utility versus thousands of tokens with little economic reason to exist.
For Melker, that still leaves Bitcoin as the simplest bet.
Image: Shutterstock
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Robinhood Markets on Monday said it will start offering crypto trading in the UK, giving users access to over 50 cryptocurrencies including Bitcoin, Ethereum, XRP, and Hyperliquid. The all-in-one app will offer crypto trading through Bitstamp UK this week. HOOD stock jumps in premarket hours.
Robinhood Announces Crypto Trading Launch via Bitstamp in the UK Robinhood has begun rolling out crypto trading to eligible UK customers via Bitstamp, adding more than 50 crypto assets to its app. This also includes stocks, ISAs, options, and futures as Robinhood continues to expand its broader crypto ecosystem.
As part of the launch, Robinhood will charge zero trading fees, no account maintenance fees, and no custody fees. However, users must pay a 0.1% foreign exchange fee, which could increase to 0.3% for certain weekend conversions.
However, crypto holdings through Bitstamp UK are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.
The firm also introduced “Robinhood Cortex Digests for Crypto,” a generative AI-powered tool that analyses breaking news, market data, technical indicators and Robinhood’s insights. The AI service helps explain the key factors driving price movements of individual crypto assets on a given day.
“Our new product provides a transparent, low-cost alternative to many incumbent U.K. platforms, which often rely on opaque pricing structures and apply wide spreads that can erode customers’ returns,” Robinhood said.
The launch comes as Robinhood secured crypto registration in UK from the Financial Conduct Authority (FCA). It enabled Robinhood’s UK business to operate legally and meet UK anti-money laundering (AML) requirements.
HOOD Stock Jumps HOOD stock price climbed 0.77% to above $94 as Robinhood continues to expand services. The stock closed 2.84% higher at $93.29 on Friday after moving in the $92.52-$95.75 range.
The stock has surged nearly 8% after reporting its Q2 earnings. While earnings beat Wall Street estimates, crypto transaction revenue dropped to $100 million. However, Robinhood’s launch of crypto trading in the UK could boost its crypto revenue.
Bernstein maintained a $160 price target on HOOD stock, implying about 85% further upside. The firm pointed to Robinhood Chain, tokenized stocks, Bitstamp, and Robinhood Earn as new growth areas.
For investors seeking on-chain exposure to traditional equities, check the best exchanges for tokenized stocks that provide a secure bridge to hybrid digital assets.
Robinhood has expanded its UK investing app into crypto, giving eligible customers access to more than 50 digital assets while adding an AI-powered tool to explain market moves.
UK customers can now buy and sell more than 50 cryptocurrencies, including Bitcoin, Ethereum, XRP and Hyperliquid, through Robinhood’s main app. The service operates through Bitstamp UK, the crypto exchange Robinhood acquired for $200 million last year.
The company said there are no trading, custody or account maintenance fees. Customers will instead pay a 0.1% foreign exchange fee when converting currencies, while some weekend conversions carry a 0.3% fee.
The rollout follows Robinhood’s registration with the Financial Conduct Authority (FCA) on July 31. Bitstamp UK is also FCA-registered. Crypto assets held through the service are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.
Cortex brings AI into crypto tradingAlongside the trading launch, Robinhood is introducing Cortex Digests for Crypto. The generative AI feature reviews breaking news, market data, technical indicators and Robinhood’s own insights to explain what may be driving price movements.
The vision is to give users a simple market summary without making them dig through multiple sources.
Robinhood expands its crypto ecosystemThe company is also pushing its blockchain business through Robinhood Chain, a Layer 2 network built using Arbitrum technology. Robinhood said the network has recorded more than $18 billion in decentralized exchange trading volume and over $840 million in total value locked since its July 1 launch.
Developers, including those in the UK, can build applications on the network.
UK rules will tighten furtherRobinhood’s launch comes before the UK’s new crypto authorization regime. Applications are expected to open in September 2026, with the new framework scheduled to take effect in October 2027. Robinhood’s current FCA registration will not replace the authorization required under that future system.
The UK expansion also comes as Robinhood’s crypto transaction revenue fell 38% year over year to $100 million in Q2 2026. Still, total revenue rose 32% to $1.31 billion, while prediction-market revenue reached $156 million.
Story Ends Here
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In brief Bitmine bought 7,391 ETH over the past week, down from 10,399 the week before, taking holdings to 5,805,238 ETH. Total crypto, cash and "moonshot" holdings reached $11.6 billion, up from $11.3 billion. Cash and marketable securities fell to $104 million, from $482 million a month ago. Ethereum treasury company Bitmine Immersion Technologies said Monday it bought 7,391 ETH over the past week, worth about $14 million, taking its holdings to 5,805,238 ETH as of Friday evening. The company bought 10,399 ETH the week before.
Total crypto, cash and what the firm calls "moonshot" investments came to $11.6 billion, up from $11.3 billion. Most of that gain came from price, with ETH up 2.6% over the week to $1,928, adding around $280 million to the value of a stack that grew by $14 million in purchases.
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1/
BitMine provided its latest holdings update for August 10, 2026
$11.6 billion in total crypto + "moonshots":
- 5,805,238 ETH at $1,928 per ETH per ETH (per @coinbase)
- 209 Bitcoin (BTC)
- $180 million stake in Beast Industries @MrBeast
- $69 million stake in Eightco…
— Bitmine (NYSE-BMNR) $ETH (@BitMNR) August 10, 2026
The firm's cash position continues to thin, with cash and marketable securities standing at $104 million, down from the $173 million it reported a week earlier and $482 million the company reported for July 12—a decline of 78% in a month. Alongside the ETH, Bitmine holds 209 Bitcoin, a $180 million stake in Beast Industries and $69 million of Eightco Holdings.
Bitmine repurchased 3 million shares over the week, down from 4.5 million, bringing the total to 19.1 million since July 1 under a $4 billion authorization. Chairman Tom Lee said the company "continues to view Bitmine's common shares as undervalued," and called the program the largest executed by any crypto treasury company.
Staking now covers 5,067,309 ETH, or 87% of holdings, up from 85% a week earlier. Lee put projected annualized staking revenue at $257 million, based on a seven-day yield of 2.63%.
The last 4%Bitmine's stack is 4.8% of Ethereum's 120.7 million supply, and the company again described itself as 96% of the way to its "Alchemy of 5%" target, the same figure it gave a week ago and the fifth straight week at 4.8%. Reaching 5% would take about 229,800 more ETH, or roughly 31 weeks at last week's rate.
The firm has bought ETH every week since starting the strategy on June 30, 2025. It picked up $214 million worth in June during a selloff Lee called "superficial," added $49 million in July on early demand for Robinhood Chain, then eased off later that month before passing 5.79 million ETH.
Lee said he was “disappointed” the Clarity Act would not reach a Senate vote before the August recess, but pointed to softer inflation and jobs data, putting the odds of a September Federal Reserve hike at 40%, down from 75% a fortnight ago. Those odds have since risen to 46%, according to CME FedWatch.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Bitmine bought 7,391 ETH over the past week, down from 10,399 the week before, taking holdings to 5,805,238 ETH. Total crypto, cash and "moonshot" holdings reached $11.6 billion, up from $11.3 billion. Cash and marketable securities fell to $104 million, from $482 million a month ago. Ethereum treasury company Bitmine Immersion Technologies said Monday it bought 7,391 ETH over the past week, worth about $14 million, taking its holdings to 5,805,238 ETH as of Friday evening. The company bought 10,399 ETH the week before.
Total crypto, cash and what the firm calls "moonshot" investments came to $11.6 billion, up from $11.3 billion. Most of that gain came from price, with ETH up 2.6% over the week to $1,928, adding around $280 million to the value of a stack that grew by $14 million in purchases.
🧵
1/
BitMine provided its latest holdings update for August 10, 2026
$11.6 billion in total crypto + "moonshots":
- 5,805,238 ETH at $1,928 per ETH per ETH (per @coinbase)
- 209 Bitcoin (BTC)
- $180 million stake in Beast Industries @MrBeast
- $69 million stake in Eightco…
— Bitmine (NYSE-BMNR) $ETH (@BitMNR) August 10, 2026
The firm's cash position continues to thin, with cash and marketable securities standing at $104 million, down from the $173 million it reported a week earlier and $482 million the company reported for July 12—a decline of 78% in a month. Alongside the ETH, Bitmine holds 209 Bitcoin, a $180 million stake in Beast Industries and $69 million of Eightco Holdings.
Bitmine repurchased 3 million shares over the week, down from 4.5 million, bringing the total to 19.1 million since July 1 under a $4 billion authorization. Chairman Tom Lee said the company "continues to view Bitmine's common shares as undervalued," and called the program the largest executed by any crypto treasury company.
Staking now covers 5,067,309 ETH, or 87% of holdings, up from 85% a week earlier. Lee put projected annualized staking revenue at $257 million, based on a seven-day yield of 2.63%.
The last 4%Bitmine's stack is 4.8% of Ethereum's 120.7 million supply, and the company again described itself as 96% of the way to its "Alchemy of 5%" target, the same figure it gave a week ago and the fifth straight week at 4.8%. Reaching 5% would take about 229,800 more ETH, or roughly 31 weeks at last week's rate.
The firm has bought ETH every week since starting the strategy on June 30, 2025. It picked up $214 million worth in June during a selloff Lee called "superficial," added $49 million in July on early demand for Robinhood Chain, then eased off later that month before passing 5.79 million ETH.
Lee said he was “disappointed” the Clarity Act would not reach a Senate vote before the August recess, but pointed to softer inflation and jobs data, putting the odds of a September Federal Reserve hike at 40%, down from 75% a fortnight ago. Those odds have since risen to 46%, according to CME FedWatch.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Italy’s largest banking group, Intesa Sanpaolo (BIT: ISP), has executed a notable shift in its cryptocurrency-related exchange-traded fund portfolio during the second quarter of 2026. According to its latest quarterly disclosure submitted to US regulators, the institution substantially reduced its position in a major Bitcoin ETF while expanding its allocation to a staked Ethereum product.
The bank’s Form 13F filing, covering holdings as of June 30, 2026, reveals that its common-share stake in BlackRock’s iShares Bitcoin Trust (IBIT) declined by approximately 93.7 percent.
The position fell from 646,809 shares at the end of the prior quarter to just 40,723 shares.
The remaining IBIT holding was valued at roughly $1.36 million.
In parallel, the bank sharply curtailed its call options linked to the same ETF, reducing the underlying share equivalent by more than 99 percent to only 18,000 shares.
A new put option position covering 500,000 underlying IBIT shares also appeared in the filing, suggesting a more defensive posture toward Bitcoin.
In contrast, Intesa Sanpaolo significantly increased its exposure to BlackRock’s iShares Staked Ethereum Trust ETF (often referred to as ETHB). Holdings in this product roughly tripled, rising from 116,200 shares to 349,600 shares.
The position’s reported value grew to about $7.1 million from $3.15 million three months earlier.
This staked Ethereum ETF provides investors with price exposure to ether while also passing through staking rewards generated by the underlying network.
The bank did not abandon Bitcoin entirely.
It continued to maintain a substantial position in the ARK 21Shares Bitcoin ETF (ARKB), holding approximately 3.47 million shares valued at $67.6 million at quarter-end.
That stake experienced only a modest reduction of around 4 percent from the previous period and remained the institution’s largest reported crypto-linked holding by value.
Its position in the Grayscale XRP Trust stayed unchanged at 712,319 shares.
Meanwhile, exposure to the Bitwise Solana Staking ETF was nearly eliminated, dropping from 2,817 shares to just seven.
These portfolio adjustments occurred against a backdrop of declining cryptocurrency prices during the second quarter.
Bitcoin and ether both recorded notable losses over the period, and U.S. spot crypto ETFs experienced net outflows.
The selective reduction in one Bitcoin product alongside growth in a yield-bearing Ethereum vehicle may reflect institutional interest in assets that can generate ongoing returns through staking, rather than a complete retreat from digital assets.
Form 13F disclosures provide only a snapshot of long positions and certain options at quarter-end.
They do not detail trading activity throughout the period, net exposures after accounting for short options, strike prices, or expiration dates.
As a result, the precise overall strategy remains partially opaque.
Nevertheless, the reported changes offer a clear view of how one of Europe’s major banks adjusted its regulated crypto ETF allocations amid market volatility.The filing was submitted to the US Securities and Exchange Commission (SEC) on July 31, 2026.
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.
Ethereum (ETH), son toparlanmanın ardından 1.900 dolar bölgesinde tutunmaya çalışıyor. Peki bu toparlanma, ETH’yi gelecek hafta 2.000 doların üzerine taşıyabilecek kadar güçlü mü?
Kısa vadeli teknik görünüm iyileşse de Ethereum’un önünde aşması gereken önemli direnç seviyeleri bulunuyor. ETH‘nin 2.000 dolara ulaşabilmesi için önce 1.94 bin dolar seviyesindeki 100 günlük hareketli ortalamayı aşması gerekiyor. Bu seviyenin üzerinde kalıcılık sağlanması halinde 2.05-2.15 bin dolarlık direnç bölgesi gündeme gelebilir.
Ethereum Fiyat Analizi: Günlük Grafik Ethereum günlük grafikte yaklaşık 1.92 bin dolar seviyesinde işlem görüyor. Fiyat son dönemde düşen beyaz trend çizgisinin üzerine çıktı.
Bu hareket, önceki yapıya kıyasla olumlu bir gelişme olarak öne çıkıyor. Söz konusu trend çizgisi, daha geniş düşüş sürecinde dinamik direnç görevi görmüştü.
Ancak trend çizgisinin aşılması henüz güçlü bir yükseliş trendini doğrulamıyor. Ethereum şimdi yaklaşık 1.94 bin dolar seviyesindeki 100 günlük hareketli ortalamayı test ediyor.
Bunun üzerinde ise 2.05-2.15 bin dolar aralığında daha güçlü bir direnç bölgesi bulunuyor. 200 günlük hareketli ortalamanın da bu bölgeye doğru gerilemesi, ETH için önemli bir direnç yoğunluğu oluşturuyor.
Dolayısıyla trend çizgisinin aşılması Ethereum açısından olumlu bir ilk adım olsa da, daha geniş kapsamlı bir yükseliş dönüşümünün teyidi için alıcıların 1.94 bin dolar seviyesini aşması gerekiyor.
Diğer senaryoda ise satış baskısı yeniden artabilir. Böyle bir durumda ilk destek 1.81-1.85 bin dolar bölgesinde bulunuyor. Bu alanın kaybedilmesi halinde 1.56-1.62 bin dolar aralığı yeniden gündeme gelebilir.
ETH/USDT 4 Saatlik Grafik 4 saatlik grafik, Ethereum’un kısa vadeli görünümünün günlük grafiğe kıyasla daha güçlü olduğunu gösteriyor.
ETH, 1.80-1.84 bin dolar destek bölgesinden toparlandı ve Ağustos ayının başındaki dip seviyelerden itibaren daha yüksek dipler oluşturarak yaklaşık 1.92 bin dolara yükseldi.
Ancak yükselişin devamı için fiyatın önünde kritik bir direnç bulunuyor. 1.95-1.98 bin dolar bölgesi, Ethereum için kısa vadeli önemli arz alanını oluşturuyor. Bu bölge, temmuz sonunda da sert bir satışa neden olmuştu.
ETH şu anda bu direncin hemen altında konsolide oluyor. Bu durum, piyasanın bölgeyi yeniden test etmeye hazırlandığını gösteriyor.
Ethereum’un 1.95-1.98 bin dolar direncini aşması, 2.000 dolar seviyesine ve daha geniş yükselen yapının üst sınırına doğru hareketin önünü açabilir.
Buna karşılık dirençten gelecek yeni bir ret, ETH’yi 1.80-1.84 bin dolar destek bölgesine geri çekebilir. Bu nedenle kısa vadeli görünüm iyileşmiş olsa da yükseliş henüz teyit edilmiş değil.
Ethereum’da Fonlama Oranları Ne Söylüyor? Ethereum’un vadeli işlem piyasasındaki fonlama oranları da son toparlanmaya dikkat çekici bir arka plan sunuyor.
Fonlama oranları, sürekli vadeli işlemlerde long ve short pozisyon taşıyan yatırımcılar arasındaki periyodik ödemeleri gösteriyor. Pozitif fonlama oranları genellikle kaldıraçlı pozisyonların long tarafında yoğunlaştığına işaret ediyor.
ETH’nin 14 dönemlik fonlama oranı EMA’sı yaklaşık 0,006 seviyesinde pozitif kalıyor. Ancak bu oran, haziran ayında görülen yaklaşık 0,01 seviyesindeki zirvenin oldukça altında.
Aynı dönemde ETH, son diplerinden toparlanarak yeniden 1.900 dolar bölgesine yaklaştı.
Bu durum önemli bir ayrışmaya işaret ediyor. Ethereum’un fiyatı toparlanırken kaldıraçlı long pozisyonlara yönelik iştah aynı ölçüde artmış değil.
Bu görünüm kısa vadede olumlu değerlendirilebilir. Çünkü yükseliş, aşırı kalabalık hale gelen kaldıraçlı long pozisyonlara daha az bağımlı görünüyor. Böylece yüksek fonlama oranlarının tetikleyebileceği ani long tasfiyesi riski de sınırlanıyor.
Bununla birlikte fonlama oranının hâlâ pozitif olması, long pozisyonların short pozisyonlara ödeme yapmaya devam ettiğini gösteriyor. Dolayısıyla piyasadaki yükseliş beklentisi tamamen ortadan kalkmış değil.
Ethereum 1.95-1.98 bin dolar direnç bölgesini aşarken fonlama oranları kontrollü kalırsa, yükseliş daha sağlıklı bir türev piyasa yapısıyla desteklenebilir.
Buna karşılık fiyat direnç bölgesini aşamadan fonlama oranlarının yeniden hızla yükselmesi, kaldıraçlı long pozisyonların arttığına işaret edebilir. Böyle bir tablo yeni bir long tasfiyesi riskini artırabilir.
Ethereum 2.000 Dolara Gidebilir mi? Ethereum’un kısa vadeli görünümü son toparlanmayla birlikte iyileşmiş durumda. Ancak 2.000 dolar için önce 1.94 bin dolar ve ardından 1.95-1.98 bin dolar dirençlerinin aşılması gerekiyor.
Bu seviyelerin üzerinde kalıcılık sağlanması halinde 2.05-2.15 bin dolar bölgesi gündeme gelebilir. Aksi senaryoda ise 1.81-1.85 bin dolar desteği yeniden test edilebilir.
Fonlama oranlarının yükseliş sırasında kontrollü kalması da hareketin daha sağlıklı ilerlediğine dair destekleyici bir sinyal olacaktır.
Kısacası ETH’de toparlanma güçlenmiş olsa da 2.000 dolar için henüz teknik teyit gelmiş değil.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
BitMine added 7,391 ETH and repurchased three million shares last week, but BMNR stock fell as its recovery ran into resistance near $18.63.
Summary
BitMine’s holdings reached 5.81 million ETH, equal to roughly 4.8% of the supply. The company has staked 5.07 million ETH, projecting $194 million in annual rewards. BitMine repurchased three million BMNR shares, taking total buybacks to 19.1 million. BMNR fell 2.44% to $18.36, remaining below its 100-day and 200-day averages. BitMine moves closer to its 5% Ethereum target BitMine Immersion Technologies acquired another 7,391 Ethereum (ETH) over the past week, extending a run of weekly purchases that began after the company adopted its treasury strategy in June 2025.
According to an Aug. 10 company update, BitMine now holds approximately 5.81 million ETH. The position represents about 4.8% of Ethereum’s total supply and puts the company 96% of the way toward its goal of owning 5%.
The balance sheet also includes 206 Bitcoin, cash, marketable securities and investments in Eightco Holdings and Beast Industries. BitMine valued its combined crypto, cash and other holdings at approximately $11.6 billion.
The latest acquisition was smaller than the 10,399 ETH purchased during the previous week. crypto.news reported that the earlier transaction lifted BitMine’s treasury to 5.8 million ETH while the company continued buying back its own shares.
Staked ETH could generate $194 million annually BitMine has placed 5,067,309 ETH into staking, representing about 87% of its Ethereum treasury. The company valued that position at approximately $9.8 billion based on recent market prices.
Its staking operations generated a seven-day annualized yield of 2.63%. BitMine projects approximately $194 million in annual staking rewards if that rate holds.
Staking has become central to the company’s revenue rather than serving only as an additional return on its treasury. A previous crypto.news report found that BitMine earned $45.7 million from staking and validation during its latest reported quarter, accounting for 98% of revenue.
The concentration also carries longer-term risks. BitMine’s position removes a large amount of ETH from the liquid market, but its scale leaves the treasury exposed to changes in Ethereum prices, validator yields and network issuance policy.
BitMine repurchases another three million shares BitMine also bought back three million BMNR shares last week. Total repurchases under its $4 billion authorization have now reached 19.1 million shares since the program began in July.
Chairman Tom Lee said management continues to view the shares as undervalued. He argued that periods of ETH outperforming Bitcoin have historically been followed by BMNR outperforming ETH during the next month.
“We are disappointed that the CLARITY Act will not see a Senate vote before the August recess, but financial markets seem more focused on the recent softer inflation and jobs data.”
Lee added that lower expectations for another Federal Reserve rate increase could ease financial conditions and support crypto assets. The comments followed a weak July employment report that reduced concerns over an immediate rate hike.
BMNR stock tests resistance near $18.63 BMNR traded at $18.36 when the chart was captured on Aug. 10, down 2.44% for the session after opening at $18.75. The stock reached an intraday high of $18.86 before sellers pushed it back below nearby resistance.
BMNR price daily chart | Source: TradingView BMNR price remains above an ascending support line and the 20-day simple moving average at $17.20. The 50-day average at $16.29 provides a deeper support level if the recovery loses momentum.
However, BMNR has yet to reclaim its 100-day average at $18.63. A daily close above that level could open a move toward $20, while failure to hold $17.20 would weaken the short-term recovery and expose $16.29.
The broader trend remains under pressure because BMNR trades well below its 200-day average at $24.31. Aroon Up at 92.86% shows that recent highs still favor buyers, but the rejection near the 100-day average means a sustained breakout has not yet been confirmed.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Ethereum co-founder Vitalik Buterin has presented a major update to the network's technological direction, radically changing its development priorities. The "Strawmap" he published eliminates the old six-phase roadmap — including the Merge, the Surge and others — and divides the blockchain's evolution into three architectural layers: consensus (CL), data (DL) and execution (EL).
The main marker of the new strategy is Ethereum's official shift toward protection against future quantum computers, comprehensive user privacy and the integration of AI tools for code verification, while abandoning several older technological ideas.
"Ethereum will be quantum-safe. Ethereum will put users' privacy first. Ethereum will be secure. Ethereum will be censorship-resistant. Ethereum will be highly performant and scalable while satisfying the above. And Ethereum will be Lean." — Vitalik Buterin
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What prompted the overhaul of the old Ethereum roadmapExpectations that powerful quantum computers could emerge soon have forced researchers to rewrite the security roadmap with the introduction of a post-quantum public-key registry and PQ transactions.
Buterin emphasized that the roadmap now includes "aggressive scaling in the context of post-quantum," involving lightweight LeanSPHINCS signatures and "zkzk" cryptographic frameworks.
To achieve this, developers have made difficult trade-offs: Verkle trees, which had been under development for years, have officially been declared obsolete. According to Buterin, some elements were "replaced with superior constructions."
Newly updated Ethereum "Strawmap" outlining the network's technical timeline across three layers, Source: Vitalik Buterin via X.comIn this case, Verkle trees gave way to Poseidon binary trees (PBTs), originally designed to work efficiently with the complex mathematics of STARK proofs.
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Buterin acknowledged that previous roadmaps critically lacked built-in privacy tools and that the network now requires "first-class attention to strong privacy." Keyed nonces, elements of FOCIL, lean privacy pools and a "wormhole" architecture are being integrated into the protocol to make it possible to conduct fully shielded transfers directly at the network's base layer.
Why Ethereum's economics are changing and what exactly AI will controlInstead of attempting to "maximally scale ALL Ethereum activity," developers are creating specialized mechanisms that have more restrictive properties. They are intended to support "the heaviest loads incurred by users and applications today and tomorrow," including token transfers, fast swaps and privacy protocols.
The technical foundation of this approach will consist of recursive STARK proofs and native rollups, which could not even have been considered in 2023 because "SNARKs were nowhere near mature enough."
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At the same time, Ethereum's economics are being reformed. Short- and long-term futures for gas and blobs have been added to the roadmap, with Buterin separately noting that this idea simply did not exist back in 2023.
This will allow major applications to purchase network capacity in advance at a fixed price, protecting users from sudden fee spikes.
The security of such a densely integrated architecture will be possible only through end-to-end formal verification (FV) of protocol specifications. Buterin plans to entrust this task entirely to modern AI tools, as the volume of code has already become too large for humans to verify on their own.
In brief An attacker drained $8.07 million from Coinsbuy wallets across Tron and Ethereum on August 9. About $6.34 million of the stolen funds passed through FixedFloat, according to BlockWatchdog. Coinsbuy later replenished the drained wallets, suggesting the private keys may not have been compromised. An attacker drained more than $8 million from crypto platform Coinsbuy across the Tron and Ethereum networks on Sunday before moving most of the stolen funds, according to an analysis by blockchain investigator BlockWatchdog.
In a report posted on X, BlockWatchdog said the attack began on Tron with a 5 USDT test transaction. Minutes later, more than 6 million USDT was drained from eight Coinsbuy wallets. On Ethereum, another 1.89 million USDT and 77 ETH were taken from three wallets.
BlockWatchdog linked the Tron and Ethereum transactions to the same attacker through cross-chain swap service Bridgers. The attacker then moved about $6.34 million, or 79% of the stolen funds, through the FixedFloat cryptocurrency exchange. Another 150 ETH was sent through ChangeNOW.
According to BlockWatchdog, another 282.2 ETH, worth about $542,000 at the time of the attack, remained untouched across five addresses.
Hours after the theft, Coinsbuy replenished the affected wallets, with BlockWatchdog reporting that around $3.93 million was returned to the same 10 addresses, with seven deposits matching the amounts originally stolen to within 0.05%.
“That only makes sense if the team does not believe the private keys leaked,” BlockWatchdog wrote. “An address is a key: nobody tops up a compromised wallet with seven figures twice in one night. Whatever was taken over on 9 August sat above the keys—the withdrawal path that uses them.”
While the exact attack vector is unknown, BlockWatchdog said the attacker may have gained access to Coinsbuy’s withdrawal system.
“Nothing on-chain shows how the withdrawal path was reached—the refill argues against key theft, it does not name what replaced it,” they wrote. “No attribution either: zero address overlap with the Triple-A attacker of 24 July, and a different laundering habit.”
BlockWatchdog found no address overlap with the attacker behind the July 24 Triple-A hack and noted different laundering patterns.
Coinsbuy had not publicly explained how the attacker gained access at the time of BlockWatchdog’s analysis.
Coinsbuy did not immediately respond to a request for comment by Decrypt.
The news comes amid a string of major crypto hacks in recent months. DeFi protocols lost more than $840 million to hacks in the first five months of 2026, according to DeFiLlama.
In July, attackers stole $24 million from Arbitrum-based AFX Trade after exploiting a bridge operated by the decentralized exchange. Earlier that month, decentralized exchange Ostium lost $18 million after an attacker compromised an oracle key.
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The most striking thing about Ethereum’s latest roadmap revision isn’t just what’s new. It’s what’s been quietly dropped. On Monday, Vitalik Buterin outlined a substantial reordering of priorities that deprioritizes or replaces earlier concepts like Verifiable Delay Functions and parts of the original EVM roadmap, as detailed in the original report.
Ethereum’s developer community remains among the most active in the space, a metric that continues to hold up week after week. But this refresh suggests the network’s core researchers are now focusing on more immediate architectural and security challenges rather than long-range experimental additions.
A Roadmap Reoriented Around Threats and Efficiency Quantum safety and privacy have jumped sharply up the priority list. That’s not surprising given the broader push toward post-quantum cryptography in distributed systems, but it does signal that Ethereum is no longer treating these as optional future work. The mention of post-quantum signatures alongside a leaner protocol architecture built around STARKs reveals a combined approach: cryptographic agility and succinct proofs are being designed in from the start rather than bolted on later.
Privacy, often treated as a secondary concern after scalability, now sits earlier in the queue. For institutional users and regular participants alike, that shift could eventually change what default transaction behavior looks like on Ethereum and its rollup ecosystems. The roadmap also nods toward simpler execution architectures like leanISA or RISC-V that could run alongside or beneath the EVM, opening a path to more deterministic runtime environments.
Native Rollups and the STARK-Based Future Native rollups get explicit mention for the first time as a redefined priority. That’s a meaningful upgrade from the older rollup-centric roadmap language. Native rollups would bake rollup verification logic into the protocol itself, potentially reducing the overhead and trust assumptions that come with current smart contract-based rollup bridges. Combined with blob and gas futures, the design hints at a market structure where data availability pricing becomes more predictable and rollup operators can plan costs more reliably.
The STARK-centric direction also aligns with AI-assisted formal verification appearing in the updated plan. As AI integration spreads through crypto infrastructure, Ethereum is positioning formal verification as a tool to harden the new protocol components before they go live. In a separate context, decentralized computing partnerships are already using AI to scale Web3 applications, illustrating how machine-assisted verification could fit into the broader network tooling.
What Gets Left Behind and What Stays Uncertain The deprioritization of VDFs and portions of the earlier EVM roadmap signals a more realist engineering stance. VDFs were once seen as a neat solution for randomness and leader election, but they never got past the research-to-implementation chasm. Dropping them now frees up researcher attention for things that ship sooner. Not everything on the old path will survive the next two years.
What remains unclear is how quickly any of this becomes part of a concrete Ethereum Improvement Proposal. Roadmap updates from researchers don’t always map neatly to client dev timelines, and community consensus on directional changes can be slow. The mention of new state types and a leaner architecture suggests deeper structural changes that could take multiple hard forks to materialize. Market participants watching for immediate price impact won’t find it here, but developers and L2 builders will be reading closely for signals on data availability costs and execution environment flexibility.
The update reflects a protocol that is still figuring out how to become simpler even as it absorbs new cryptographic primitives. If the team can hold the line on deprioritizing legacy ideas, Ethereum’s next phase may look architecturally cleaner than what preceded it. But that’s a big if in a consensus-driven development culture where old proposals die hard.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Ethereum co-founder Vitalik Buterin has unveiled a revised roadmap for Ethereum, shifting the project’s priorities toward quantum-resistant technology, privacy enhancements, and native rollup solutions. These changes visibly depart from several targets and concepts featured in the 2023 development blueprint.
Quantum resistance and privacy advancesButerin’s updated roadmap highlights a strong emphasis on building quantum-resistant infrastructure. This move responds to concerns that future advances in quantum computing might compromise current blockchain security models. In the previous roadmap, quantum safety had received significantly less attention.
Several new cryptographic solutions have been incorporated, including LeanSPHINCS signatures and advanced aggregation techniques, alongside improved zkzk frameworks. These technologies did not play a notable role in earlier planning but are now seen as essential for safeguarding Ethereum against evolving security risks.
Privacy measures have also assumed a central position. The new roadmap assigns a higher priority to features such as keyed nonces and privacy pool systems. These elements aim to protect user confidentiality and strengthen privacy options across the network.
Vitalik Buterin indicated that Ethereum is placing user privacy at the forefront as development continues, reflecting a fundamental shift in the network’s approach to protection and confidentiality.
Recent modifications also expand on privacy-first concepts, adding mechanisms like lean privacy pools and wormhole bridges to enhance confidentiality at multiple layers within the protocol.
Mini dictionary: LeanSPHINCS – A lightweight, post-quantum digital signature scheme based on the SPHINCS framework, designed to remain secure against attacks from both classical and quantum computers. Such cryptographic methods are increasingly important as researchers develop more advanced quantum computational capabilities.
Native rollups and evolving protocol architectureThe revised roadmap for Ethereum introduces native rollups as a new foundational technology. Rollups bundle multiple transactions off-chain and submit them as a single batch to the blockchain, reducing data load and improving scalability. In earlier versions of the roadmap, this concept was largely absent due to the immaturity of supporting zero-knowledge proof technology.
Recent advancements in SNARK and STARK cryptography now make native rollup deployment feasible in the near future. Additional tools such as blob and gas futures have been brought in to provide better control over network capacity and predict transaction fees, innovations which did not appear in the 2023 plan.
Buterin discussed architectural shifts involving the Ethereum Virtual Machine (EVM). LeanISA and RISC-V are being explored as alternative computational models for executing transactions, suggesting a move toward streamlined core systems that could operate in parallel with or supplement the existing EVM.
Protocol developers have started replacing the previous focus on state expiry with entirely new state models, such as unified and partitioned binary trees derived from Verkle tree research. This reflects an effort to enhance storage efficiency and facilitate more flexible network upgrades.
The integration of formal verification via artificial intelligence also features prominently. Recursive STARKs, now utilized in Ethereum’s execution, consensus, and data management layers, benefit from modern AI-assisted techniques. These advances enable higher standards of protocol reliability and security.
Mini dictionary: Recursive STARKs – Scalable cryptographic proofs that allow verification of large computations in a succinct and efficient manner, especially critical for scaling blockchain systems. Their recursive capability means proofs can be verified within other proofs, greatly enhancing scalability without compromising security.
Comparison: Key features of Ethereum’s 2023 vs. current roadmapFeature2023 RoadmapCurrent RoadmapQuantum resistanceLow priorityHigh priority, LeanSPHINCS and zkzk addedNative rollupsNot includedCentral feature; SNARK/STARK progress allows implementationPrivacy toolsLimitedKeyed nonces, lean privacy pools, privacy prioritizedExecution architectureEVM-focusedExploration of LeanISA and RISC-VFormal verificationMinimal AI usageAI-assisted, recursive STARKs used system-wideDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Robinhood has marked a significant milestone in its onchain activity, reporting a surge in real-world asset (RWA) transfers and expanding its services to the United Kingdom. The company’s blockchain platform, known for supporting RWA transactions, has maintained notable user engagement and robust momentum.
RWA Transfer Volume Reaches New HeightsRecent data released by the Real-World Asset Foundation indicates that Robinhood’s RWA transfer volume soared to $1.65 billion. This figure reflects a remarkable increase of 3,201.20% over the past month, nearly doubling the previous record of $800 million recorded in late July.
Analysts attributed the sharp rise in volume to growing interest among users looking for new opportunities within the crypto and RWA sectors. The surge in activity demonstrates both the attractiveness of Robinhood’s new blockchain and the expansion of RWA services within the platform.
Compared to its earlier monthly total, Robinhood’s RWA transfer volume has now reached $1.65 billion, marking an explosive period of growth for the platform and highlighting the scale of adoption in recent weeks.
Observers suggest that the dramatic volume increase over a two-week timeframe points to unprecedented activity on Robinhood Chain, as users explore novel financial products and integrated asset classes.
UK Expansion Brings Wider Access to CryptoAlongside the onchain success, Robinhood recently announced the launch of its crypto trading services in the UK. The rollout utilizes Bitstamp’s infrastructure to extend commission-free trading options to users in the region.
Crypto traders in the UK now have access to Robinhood’s major tokens like Bitcoin, Ethereum, XRP, and Hyperliquid, as well as other listed cryptocurrencies. Additionally, users can take advantage of Robinhood’s stocks and shares ISAs, as well as equities, options, and futures products, all within a single platform.
This expansion signals Robinhood’s broader ambition to become a truly global provider of crypto services, blending digital asset functionality with traditional finance products.
With its expanded offerings, Robinhood enables seamless access to both traditional and digital assets for a growing number of international clients, supporting wider adoption in the crypto economy.
Against the backdrop of rising RWA volumes, the platform also demonstrates commitment to enhancing its global footprint and providing more flexible asset management solutions for users in different markets.
For investors monitoring key resistance levels or considering cross-sector diversification strategies, innovations like 1stepSwap have become increasingly relevant. 1stepSwap stands out as a practical solution bridging traditional finance and the crypto sector by bringing real-world assets such as shares of major U.S. companies and commodities like gold and silver directly onto the blockchain. The platform’s core advantage is its ability to secure the best market price at any given moment, allowing users to buy or sell leading stocks instantly and always at competitive rates—all managed straight from their wallet without unnecessary intermediaries or complex steps.
Market watchers continue to monitor the RWA ecosystem, with Robinhood at the forefront of developments that could shape the broader integration of real-world assets and digital tokens on a global scale.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
10 August 2026 | 19:12 Ethereum's latest roadmap comparison shows more than a reshuffling of upgrades. Some of the assumptions that shaped the network's development only three years ago are now being reconsidered.
Key Takeaways Ethereum is designing around future constraints before they become emergencies. Scaling is becoming more specialized rather than uniformly general-purpose. EVM compatibility may survive without the EVM defining the base architecture. Cryptographic complexity is raising the importance of machine-assisted verification. Old protocol assumptions are increasingly open to replacement. Vitalik Buterin compared his 2023 roadmap with the current Ethereum Strawmap, highlighting projects that moved up or down in priority, ideas that were replaced, and entire research areas that barely existed when the earlier plan was drawn.
Vitalik Buterin’s 2023 Ethereum roadmap organized development around six major tracks: The Merge, Surge, Scourge, Verge, Purge and Splurge. The deeper shift is architectural. Quantum resistance, privacy and formal verification increasingly influence how Ethereum wants to scale, while parts of the protocol once treated as relatively fixed, including the role of the EVM itself, have entered the design discussion.
The current Ethereum Strawmap reorganizes development across the consensus, data and execution layers, with stronger emphasis on cryptography, privacy, scalability and protocol simplification.
Quantum Safety Is Becoming a Design Constraint Quantum resistance has been discussed around Ethereum for years. Its position in the roadmap is what has changed.
Buterin says quantum safety has moved higher in priority. That creates a practical problem alongside the security one: post-quantum signatures can be considerably heavier than the cryptography Ethereum relies on today.
The network therefore cannot treat quantum resistance as a simple signature swap years from now. Any replacement also has to work within Ethereum’s scaling ambitions.
EIP-8288 shows how those two problems are beginning to overlap. The proposal introduces a framework in which expensive cryptographic dependencies, including post-quantum signatures, could be aggregated through recursive STARK proofs instead of forcing every transaction to absorb their full verification cost independently.
This matters long before quantum computers become capable of attacking Ethereum.
Changing fundamental cryptography after such a threat appears would require coordinating wallets, accounts, validators and protocol infrastructure under pressure. Designing around that constraint earlier gives researchers room to tackle the performance cost at the same time.
Ethereum’s future-proofing work already identifies several cryptographic components that will eventually require quantum-resistant alternatives.
Scaling Everything Equally Is Losing Its Appeal Another change in Buterin’s update may have broader consequences for everyday Ethereum activity.
New state types and zkzk frames share an increasingly important idea: Ethereum does not necessarily need to maximize the scalability of every possible computation in exactly the same way.
Some workloads dominate real usage. Token transfers and swaps already generate enormous demand, while privacy applications could become another heavy category later.
If those activities can operate under more restrictive rules, Ethereum can potentially build specialized mechanisms that handle them much more efficiently without forcing every application into the same optimization strategy.
Buterin’s description of new state types makes this shift especially clear. He presents them as more than a replacement for the older state-expiry approach, describing a different way of thinking about scaling itself.
Specialized paths can produce much larger performance gains for common activities. They can also leave client teams maintaining more distinct mechanisms if too many special cases accumulate.
Ethereum’s push toward a “Lean” protocol therefore has to coexist with this specialization. As workloads receive more tailored treatment, pressure also grows to simplify the general-purpose machinery beneath them.
The EVM Is No Longer an Untouchable Assumption That pressure is reaching Ethereum’s execution architecture as well.
Ethereum is not planning to remove the EVM. But its permanent role at the deepest level of the protocol is no longer being treated as inevitable.
Post-quantum zkzk frames could require Ethereum to expose an instruction set outside the EVM. Buterin names leanISA and RISC-V among the leading candidates because they are simpler and more modern architectures.
Once such an instruction set exists inside Ethereum, restricting it to one narrow protocol function becomes harder to justify.
Developers could eventually gain more direct access to it. Further out, Buterin raises the possibility that the EVM could operate as an intermediate representation above a simpler underlying instruction set rather than remain deeply enshrined in the base protocol.
That would separate two ideas Ethereum has historically bundled together: EVM compatibility and an EVM-defined architecture.
Applications could theoretically retain the environment and tooling they depend on while the machinery underneath becomes simpler.
This remains highly speculative. Buterin explicitly says the deeper exploration is too early even for the current Strawmap.
For a network whose enormous application ecosystem was built around the EVM, opening its deepest protocol role to redesign shows how far the current simplification effort may eventually reach.
Rollup Technology Is Moving Back Into the Base Layer The roadmap also shows how quickly zero-knowledge technology has matured.
Native rollups did not appear in the 2023 diagram because, according to Buterin, SNARK technology was not mature enough at the time to make them realistic. The newer roadmap places proof systems much deeper into Ethereum’s architecture.
Ethereum’s scaling strategy still relies heavily on Layer 2 rollups. Some of the cryptographic machinery developed around that ecosystem, however, is now becoming useful to Ethereum itself.
Recursive proofs can compress expensive computation, support privacy and help accommodate cryptographic systems that would otherwise place much heavier demands on the protocol.
For years, much of Ethereum’s scaling innovation moved outward from the base layer into rollups. Research developed there is now beginning to feed capabilities back into the protocol.
Native rollups are one example. Reusable proof aggregation across different Ethereum layers could become another.
The boundary between “L1 technology” and “rollup technology” is becoming less clear.
Why AI Matters to a Leaner Ethereum Moving more proof machinery into the protocol raises another problem: reusable cryptographic components concentrate risk as well as efficiency.
A primitive shared across the execution, consensus and data layers reduces duplication, but a flaw in that component could affect several parts of Ethereum at once. Testing alone becomes a weaker safety argument as those dependencies deepen.
Buterin points to AI-assisted formal verification as part of the answer.
Formal verification uses mathematical methods to demonstrate that software behaves according to its specification. AI does not replace those proofs; its potential value is helping researchers and engineers produce, inspect and maintain them at a scale that would previously have been impractical.
This gives “Lean Ethereum” a more concrete meaning.
The objective is not to make every cryptographic mechanism easy for a human to understand at a glance. It is to keep the core specification sufficiently constrained and explicit that critical components can be formally verified rather than relying mainly on conventional testing.
More reuse can then reduce protocol duplication without requiring developers to simply trust increasingly complicated shared machinery.
AI’s role in Ethereum may therefore be far less visible than running agents or executing transactions. It could instead help make sophisticated infrastructure safe enough to become part of the protocol itself.
Some of Ethereum’s Old Design Choices Are Back on the Table Comparing the two diagrams exposes something individual upgrade announcements often hide: Ethereum is becoming comfortable abandoning ideas after years of research.
VDFs have fallen in priority. Verkle-based plans have evolved into different constructions. State expiry is giving way to new state types. Native rollups, stronger privacy mechanisms, post-quantum scaling and blob and gas futures occupy space that barely existed in the 2023 plan.
Ethereum has made large turns before. Its original shard-chain strategy changed dramatically as rollups became a better scaling path, something the project’s own roadmap documentation uses to illustrate how development priorities evolve.
Ethereum Roadmap Evolution: 2023 vs. Current Strawmap Key architectural priorities that have shifted, scaled up, or been replaced.
Research Area 2023 Roadmap Status Current Strawmap Priority Quantum Resistance Low / Distant priority Moved up significantly; active design constraint EVM Flexibility Untouchable base foundation Open to redesign (leanISA / RISC-V considerations) Native Rollups & SNARKs Immature technology Integrated deep into the base layer architecture Verifiable Security (AI) Traditional manual testing AI-assisted formal verification gaining importance Verkle Trees / VDFs Core focus area Evolved into alternative constructions / lower priority The same willingness to revisit settled-looking assumptions is showing up outside the roadmap’s scaling and cryptography work. Draft EIP-8363 would burn a growing share of validator rewards as staking participation rises, challenging the economic incentives that currently support ever-higher levels of staking.
The staking proposal and the architectural roadmap address different problems, but they point in the same direction: existing protocol behavior is being treated as adjustable when researchers believe it conflicts with newer goals around decentralization, security or efficiency.
That makes the Strawmap useful even if many of its boxes eventually change again. It shows which properties Ethereum’s researchers increasingly want to preserve even when doing so means replacing mechanisms once considered part of the long-term plan.
The roadmap is becoming less a commitment to particular technologies and more a test of which technologies still deserve to remain.
Methodology The analysis compares Vitalik Buterin’s 2023 Ethereum roadmap with the current Strawmap and examines the technical proposals and Ethereum documentation linked to the areas he identified as changing priorities.
Disclaimer This article is for informational purposes only. Ethereum’s Strawmap contains research directions and proposed upgrades that may change substantially before implementation.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Ethereum still runs the tokenized fund market, but it no longer runs it alone. According to Token Terminal data, the total market cap of tokenized funds has reached approximately $34.7 billion, with nearly a third of that value sitting on chains outside the three dominant platforms.
Where the money actually sits Ethereum leads with $17.7 billion, representing about 51.2% of the total tokenized fund market. BNB Chain follows at $4.8 billion, or 13.9%, and zkSync Era accounts for $3.2 billion at 9.2%.
Those three chains together capture roughly 74% of the market. The remaining 27%, approximately $9 billion, is distributed across a set of chains that would not have featured in this conversation two years ago.
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Stellar holds $2.2 billion of tokenized fund value. Solana sits at $1.9 billion. Avalanche accounts for $1.5 billion, and Injective holds $1.1 billion.
Why this distribution matters Stellar was designed specifically for payments and asset issuance, and its low transaction costs make it attractive for fund products that require frequent settlement or redemption cycles. Asset management giants including BlackRock and Franklin Templeton have begun launching tokenized products on established networks like Ethereum and Stellar.
Solana’s high throughput and low fees have attracted retail and institutional flows alike, and its growing ecosystem of financial applications has made it a credible venue for tokenized products targeting a broader investor base.
Avalanche’s $1.5 billion stake connects to its subnet architecture, which allows institutions to deploy customized, permissioned environments while retaining interoperability with the broader network. Several major financial institutions have used Avalanche subnets for exactly this purpose, creating isolated chains with their own compliance rules.
Injective’s $1.1 billion reflects a blockchain built specifically for financial applications, with native order-book infrastructure and cross-chain capabilities that appeal to derivatives and fund products.
The broader context The data snapshot from early August 2026 captures a market that has grown substantially through 2025 and into 2026, driven largely by institutional interest in tokenized money market funds and government securities. Traditional asset managers have moved from pilot programs to live products, and the volumes reflect that shift.
Ethereum faces ongoing fee optimization through Layer 2 solutions, and zkSync Era’s $3.2 billion share reflects that dynamic directly. zkSync Era is an Ethereum Layer 2, meaning Ethereum’s dominance is actually larger than the 51.2% headline figure when you count the extended ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Crypto exchange Coinsbuy hacked for $8 million (Boitumelo/Unsplash)Summary
An attacker drained $8.07 million from Coinsbuy across TRON and Ethereum in under an hour on Aug. 9, with blockchain researchers linking both chains into a single operation via cross-chain swapper Bridgers.Roughly 79% of stolen funds moved through instant exchange FixedFloat across 50 single-use addresses. ChangeNOW froze a six-figure sum, and approximately $542,000 in ETH has not moved.Coinsbuy refilled the drained wallets within 24 hours, suggesting private keys were not compromised, but the exchange has not explained how the withdrawal path was accessed.Crypto exchange Coinsbuy lost more than $8 million in a coordinated attack across TRON and Ethereum on Aug. 9, according to onchain data reviewed by blockchain security researchers.
The attacker began with a 5 USDT transaction before draining eight TRON wallets of 6.04 million of the dollar-pegged stablecoin in about an hour. On Ethereum, three wallets were simultaneously emptied of 1.89 million USDT and 77 ETH, which was swapped to ETH via 1inch through a wallet created the same day.
Onchain records show the two chains were linked through cross-chain swapper Bridgers, whose Ethereum payout contract sent funds directly into the Ethereum swap wallet, connecting what appeared to be separate operations into a single incident.
The attacker routed some 79% of the stolen funds through instant exchange FixedFloat using roughly 50 single-use addresses. ChangeNOW separately froze a six-figure sum after being contacted by Specter Investigations.
Around 282 ETH, roughly $542,000, across five addresses remains unmoved.
Within 24 hours, Coinsbuy refilled the drained wallets to within 0.05% of their pre-attack balances — behavior researchers say indicates the team does not believe private keys were compromised. The attack vector has not been established.
Coinsbuy told CoinDesk that the incident has been “contained” and that “all affected amounts have been covered in full by the company from its own reserves.”
The company added: “No client has borne any loss. The platform is stable and operating normally. Investigation is underway, and we cannot disclose further technical details at this stage.”
The incident adds to an increasingly costly year for the industry, which had already seen roughly $972 million stolen across the sector through late July.
Additional reporting by Ollie Acuna.
UPDATE, Aug 10, 12:43 UTC: Adds comment from Coinsbuy.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
The $8 million drain of Coinsbuy across TRON and Ethereum marks the latest case where a single on-chain footprint ties two blockchain networks into one attack narrative. According to the original report, forensic analysis has connected the exploitation of the exchange to one actor, with the stolen funds primarily routed through the non-custodial platform FixedFloat.
The attack, which unfolded early on 10 August 2026, siphoned assets from wallets operating on both TRON and Ethereum. On-chain data shows the attacker rapidly dispersed tokens into a chain of intermediary addresses before funnelling them toward FixedFloat swap contracts. The ability to link the two disparate chains in real time suggests a level of orchestration that is becoming more common as cross-chain infrastructure grows.
Linking Two Chains to One Actor Forensic firms traced the movement of funds and discovered that identical behavior patterns and overlapping address clusters appeared on both networks almost simultaneously. The entity behind the drain did not rely on a single-chain exploit but rather executed a synchronized assault, moving assets between TRON’s USDT liquidity and Ethereum-based tokens before converging on a single exit route. Such coordination implies deep familiarity with how these blockchains handle contract interactions and bridging mechanisms.
Both TRON and Ethereum continue to rank among the top blockchains by developer activity, as highlighted in a recent analysis of on-chain development metrics. High activity often means more surface area for exploits, especially when exchanges integrate multiple networks without isolating risk. In Coinsbuy’s case, the exposure was amplified because the attacker could hit two distinct user pools at once without triggering immediate cross-chain alarms.
FixedFloat Becomes a Recurring Laundering Conduit FixedFloat operates as an instant, non-custodial exchange that does not require KYC for small-value swaps. That design has repeatedly drawn funds from hacks because assets can be automatically swapped without human approval delays. The service has appeared in the aftermath of several other exchange breaches over the last two years, making it a persistent challenge for investigators.
Unlike centralized exchanges that can freeze assets upon request, FixedFloat’s structure offers limited recourse once transactions settle. In the Coinsbuy incident, the majority of the drained $8 million had already been processed through the platform before the exploit became publicly known, leaving little opportunity to intercept the funds. The speed at which the attacker moved the assets—within hours—suggests pre-programmed scripts and a clear exit plan.
Unanswered Questions Around the Attack Vector The precise method used to compromise Coinsbuy remains unknown. No official disclosure has confirmed whether the breach involved a private key leak, a smart contract vulnerability, a rogue insider, or a manipulation of the exchange’s internal hot wallet management. Forensic firms have only been able to map the outflow, not the intrusion point.
This gap matters because exchanges often fix a specific technical hole after a hack, leaving other weak spots untouched. Without knowing how the attacker gained initial access, users and platform operators are left guessing whether similar vectors exist on other networks or services. The TRON and Ethereum ecosystems share some cross-chain protocols, and the possibility of a bridge-related exploit has not been ruled out.
Broader Exchange Security Under Scrutiny Centralized exchanges continue to experience multi-million dollar losses despite years of maturing security practices. The Coinsbuy event adds to a series of 2026 incidents where attackers exploited the friction between different blockchain architectures. Regulators in several jurisdictions have begun to demand stricter proof-of-reserves and real-time monitoring of exchange wallets, but enforcement remains inconsistent.
For Coinsbuy users, the immediate impact may include suspended withdrawals while the exchange assesses the damage and works with law enforcement. Whether any portion of the funds can be recovered depends heavily on whether the attacker’s identity can be tied to a centralized off-ramp, a task made harder when FixedFloat serves as the initial mixer. The absence of a clear recovery path leaves affected customers exposed, and the exchange’s reputation will hinge on how transparently it handles the aftermath.
The use of two blockchains in a single, attributable attack also signals a maturation of hostile operational tradecraft. Attackers are moving beyond opportunistic single-chain drains to planned multi-network campaigns that exploit the blind spots between ecosystems. For security teams, this raises the cost of monitoring and defense, because a comprehensive view now requires correlating data across multiple ledgers in near real time.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Kripto piyasası, zayıf ABD istihdam verilerinin risk iştahını desteklemesiyle yeni haftaya sınırlı yükselişle başladı. Toplam piyasa değeri yüzde 0,22 artarak 2,21 trilyon dolara ulaşırken, yatırımcılar bu hafta açıklanacak ABD enflasyon verilerine odaklandı.
Bitcoin haftanın başlangıcında yüzde 0,38 yükselerek 64.992 dolara çıktı. Ethereum da yüzde 0,18 değer kazanarak 1.918 dolardan işlem gördü. Buna karşın altcoin tarafında farklı yönlü hareketler görüldü ve piyasanın genelinde temkinli görünüm korundu.
Bitcoin Ve Ethereum Nasıl Performans Gösterdi? Lider dijital varlık Bitcoin, haftaya sınırlı bir yükselişle girerek 65 bin dolar seviyesine yaklaştı. Ethereum ise Bitcoin’e kıyasla daha düşük bir artış kaydetti ve 1.918 dolar seviyesinde işlem gördü.
Altcoin piyasasında ise hareketler birbirinden ayrıştı. XRP yüzde 0,54 düşerek 1,03 dolara gerilerken Solana yüzde 0,84 yükselerek 76,67 dolara ulaştı. Bu tablo, yatırımcıların henüz piyasanın tamamına yayılan güçlü bir risk iştahı göstermediğine işaret etti.
Kripto ETF Akışları Kripto Piyasasını Destekliyor Mu? Kurumsal yatırımcı ilgisi, ETF verilerinde de güçlü şekilde kendini gösterdi. Geçtiğimiz hafta spot Bitcoin ETF’lerine toplam 853,54 milyon dolarlık net giriş gerçekleşirken spot Ethereum ETF’leri 244,94 milyon dolar net fon topladı.
Altcoin ETF’lerinde de ağırlıklı olarak pozitif bir tablo ortaya çıktı. XRP ETF’leri 1,01 milyon dolar, Solana ETF’leri 144,93 bin dolar, DOGE ETF’leri 82,64 bin dolar ve HYPE ETF’leri 2,84 milyon dolar net giriş kaydetti.
Buna karşılık BNB, LINK, LTC, HBAR, AVAX ve DOT ETF’lerinde kayda değer bir fon hareketi görülmedi. Özellikle Bitcoin ve Ethereum ETF’lerindeki yüksek girişler, kurumsal talebin kripto yatırımı açısından önemini koruduğunu gösteriyor.
ABD Enflasyon Verileri Neden Önemli? ABD’de geçtiğimiz hafta açıklanan istihdam verilerinin beklentilerin altında kalması, faiz artışı beklentilerinin zayıflamasına ve riskli varlıklara yönelik talebin güçlenmesine yardımcı oldu. Bu gelişme, kripto varlıkların haftaya pozitif başlamasında önemli rol oynadı.
Şimdi piyasaların odağında ABD’nin açıklayacağı Tüketici Fiyat Endeksi (TÜFE) ve Üretici Fiyat Endeksi (ÜFE) verileri bulunuyor. Söz konusu göstergeler, ABD Merkez Bankası’nın faiz politikasına yönelik beklentilerin şekillenmesinde belirleyici olabilir.
Enflasyon Düşerse Kripto Paralar Yükselir Mi? Enflasyon verilerinin beklentilerin altında kalması, faiz politikasına ilişkin daha olumlu beklentiler oluşturabilir. Böyle bir senaryoda riskli varlıklara yönelik talebin artması ve kripto piyasası genelinde yukarı yönlü hareketin güçlenmesi mümkün olabilir.
Bununla birlikte yatırımcıların mevcut ortamda temkinli hareket ettiği görülüyor. ETF girişleri güçlü kalırken Bitcoin, Ethereum ve altcoinlerdeki sınırlı fiyat değişimleri piyasanın makroekonomik gelişmelerden gelecek yeni sinyalleri beklediğini gösteriyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Wallets linked to crypto payment processor Coinsbuy were reportedly drained of more than $7.9 million across Ethereum and TRON around 13:00 UTC on Aug. 9, according to blockchain investigator Specter and follow up monitoring from security firms.
Summary
Wallets linked to Coinsbuy reportedly lost $7.9 million across Ethereum and TRON during Sunday’s drain. PeckShield traced stolen funds through ChangeNOW, FixedFloat and BingX after Specter first flagged the drain. ChangeNOW reportedly froze a six figure amount while attackers converted part of proceeds into Monero. Coinsbuy temporarily paused deposits and withdrawals after the incident before services reportedly resumed hours later. GoPlus said activity resembled compromised hot wallet keys or administrator access, though unconfirmed by Coinsbuy. The attacker then began routing part of the stolen assets through exchanges and toward Monero, a privacy focused cryptocurrency.
PeckShield said the wallets “likely lost” about $7.9 million and traced part of the proceeds through ChangeNOW, FixedFloat and BingX. CertiK’s security feed independently relayed the same estimated loss and exchange routes. The precise attack vector has not been established publicly.
Coinsbuy drain spread across Ethereum and TRON Specter identified two Ethereum addresses and one TRON address as theft destinations. The cross network movement suggests the attacker obtained access capable of moving assets on more than one chain, but that does not establish whether private keys, administrator credentials or another part of Coinsbuy’s infrastructure was compromised.
JUST IN: Coinsbuy wallet lose $7.9 million in cross-chain incident
The event affected assets on TRON and Ethereum according to reports pic.twitter.com/L0eZSH05IN
— crypto.news (@cryptodotnews) August 10, 2026 GoPlus Security said the activity was “consistent with hot wallet private key or administrator privilege theft.” That remains an assessment, not a confirmed root cause. Coinsbuy has not published a technical postmortem in the public documentation reviewed on Aug. 10. Its latest visible release notes are dated July 31.
Coinsbuy describes itself as a business focused crypto payment service offering payment processing, wallet infrastructure and digital asset management. Its official site also advertises crypto payment processing and wallet services for businesses.
Stolen funds moved through exchanges toward Monero After the drain, the attacker began sending stolen assets through exchange services. Specter said the funds were being converted toward Monero, while PeckShield identified ChangeNOW, FixedFloat and BingX among platforms receiving portions of the proceeds.
Coinsbuy $7.9M drain sends funds through 3 exchanges, source: PeckShield Specter also said ChangeNOW helped freeze a six figure amount before it could move further. ChangeNOW had not issued a separate public statement confirming the exact frozen sum in sources reviewed for this story, so the amount remains attributed to the investigator.
The laundering route resembles patterns seen in other major crypto thefts. In an earlier recovery case, investigators helped freeze about $1.2 million tied to Bo Shen’s stolen assets after funds passed through services including ChangeNOW. Separately, a January wallet theft involved attackers converting stolen Bitcoin and Litecoin into Monero.
Deposits and withdrawals reportedly resumed Coinsbuy paused deposits and withdrawals after the incident and later restored them, according to Specter’s update and reports citing the investigator. No separate incident notice confirming the timeline was visible in Coinsbuy’s public release notes at the time of review.
It also remains unclear from public disclosures whether the reported $7.9 million consisted entirely of Coinsbuy owned assets, client funds or a combination of both. No customer loss breakdown or reimbursement plan was visible in the company materials reviewed on Aug. 10.
That distinction matters because service restoration does not establish that the investigation is complete or that the full loss has been recovered. The currently verified public picture remains limited to the reported drain, identified theft addresses, laundering activity and a partial freeze.
The case adds to a busy security year. TRM Labs recorded 207 hacks and about $972 million stolen during the first half of 2026, according to data cited in recent industry loss coverage. Infrastructure and operational failures accounted for most of the value lost during that period.
What happens next The next material update would be a Coinsbuy incident report identifying the attack vector, affected assets, final loss and any customer exposure. Confirmation from ChangeNOW or the other exchanges could also clarify how much was frozen and whether additional funds remain recoverable.
For now, claims about how the attacker obtained access should remain qualified. Security researchers are continuing to trace the listed Ethereum and TRON addresses, but movement into Monero can make later tracing harder once funds leave transparent blockchains.
Ethereum still concentrates nearly 70% of RWA deposits used in lending, while Solana strengthens its presence in spot trading of tokenized assets. The crypto battle is therefore no longer only about classic DeFi. It is shifting towards the tokenization of real financial assets, a market that is growing while several traditional segments of decentralized finance are slowing down.
In brief Ethereum still controls nearly 70% of RWA lending. Solana becomes its main rival in trading tokenized assets. The growth of RWAs could reshape crypto competition between blockchains. Ethereum maintains a massive advantage on real tokenized assets used in lending protocols. This dominance occurs while tokenized finance is growing despite the overall decline in DeFi. Nearly 70% of RWA deposits committed to lending remain concentrated in the Ethereum ecosystem.
This position mainly relies on the depth of its liquidity. Ethereum already hosts major protocols like Aave and Morpho, as well as a large number of institutional issuers. Investors therefore have deeper markets to deposit, borrow, or use tokenized assets as collateral.
The figures confirm a broader crypto market trend. RWA deposits on lending platforms and decentralized exchanges have increased from about 2.3 billion to 7.4 billion dollars in one year. Meanwhile, overall DeFi deposits have decreased by about 15%.
This divergence changes the perception of RWAs. Tokenized treasury bills, private credit, and other financial assets are gradually becoming sources of yield and collateral. Ethereum directly benefits from this transformation thanks to an infrastructure already mature enough to accommodate significant capital.
Solana gains ground in crypto trading of RWAs Solana remains behind Ethereum, but its role is becoming harder to ignore. The network now appears as the second significant ecosystem for spot trading of RWAs. It thus takes a lead over several other blockchains that are also trying to attract tokenized finance.
This progression extends an already visible trend when Solana found itself at the heart of the tokenized assets boom. Its low costs and ability to quickly process numerous transactions particularly match the needs of a market where assets must circulate, not just stay immobilized.
Kamino also strengthens this dynamic. The protocol notably allows integrating RWAs into lending and collateral strategies on Solana. The network is therefore trying to build its own credit market around tokenized assets, where Ethereum already holds a considerable lead.
But the battle will not be won by the value of the issued assets alone. A blockchain can show several billion dollars tokenized without having a real secondary market. The depth of liquidity, volumes, market makers, and access to credit thus become more important indicators.
It is precisely on this ground that Ethereum remains difficult to surpass. However, Solana has a potential advantage when transactions become more frequent. The more stocks, bonds, or tokenized commodities are actively traded, the more the speed and execution costs may influence the infrastructure choice.
Wall Street could decide the next crypto battle The growth of RWAs comes at a particular moment. Spot volumes on traditional decentralized exchanges have dropped sharply over one year, while spot trading of real tokenized assets has increased by about 220%. The base is still modest, but the market direction becomes clearer.
This evolution could change the blockchain hierarchy. Ethereum has the capital, protocols, and institutional relationships. Solana bets more on speed and the ability to handle a high volume of transactions at lower cost. The choice of large financial institutions could thus become decisive.
If RWAs remain mainly used as collateral or yield products, Ethereum will retain a natural advantage. If tokenized stocks, bonds, and funds become permanently traded instruments, Solana could find a much more favorable ground.
The real crypto challenge therefore goes beyond simple tokenization. It is about knowing where these assets can truly circulate, be borrowed, and serve as collateral. This trend already showed when RWAs kept progressing despite crypto market sell-offs. Ethereum remains largely ahead today. But Solana now has enough activity to turn the current dominance into real competition.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Token Terminal indicated that the market for tokenized stocks and exchange-traded funds has shifted away from heavy reliance on any one blockchain network. Recent figures highlight a more balanced distribution of market value across several major platforms, underscoring growing maturity in the on-chain equities sector.
Token Terminal has pointed out that BNB Chain currently hosts the largest share of this activity, with tokenized equities and ETFs valued at approximately $946.9 million.
Ethereum follows closely at around $787.4 million, while Solana supports roughly $618.7 million in similar assets.
Together, these three networks account for the bulk of the tokenized stock market, illustrating how issuance and trading have spread rather than remaining clustered in a single ecosystem.
This multi-chain presence marks a notable evolution.
Earlier phases of tokenized equity development often saw activity concentrated on one or two networks, limited by available infrastructure, issuer strategies, or user preferences.
Today, platforms are deliberately expanding distribution.
Issuers have launched products across multiple chains to reach different user bases, take advantage of varying transaction costs and speeds, and integrate with diverse decentralized finance applications.
BNB Chain’s leading position reflects strong participation from major issuers and the network’s established user base, particularly those already active in broader real-world asset products.
Ethereum continues to serve as a key venue due to its deep liquidity, extensive tooling, and long track record in hosting sophisticated financial applications.
Solana’s significant allocation points to advantages in speed and lower fees, which appeal to retail traders and high-frequency activity surrounding popular equity tokens.
The broader tokenized stock market has grown substantially in recent periods, reaching multi-billion-dollar levels in aggregate market capitalization. Growth has been driven by increasing numbers of available tickers, including major US equities, ETFs, and in some cases pre-IPO exposure.
Multiple issuers now operate across these chains, offering different structures for backing, redemption, and compliance.
This competition encourages better product features, wider accessibility outside traditional brokerage channels, and greater composability within on-chain ecosystems.
Investors gain several practical benefits from this diversification.
Tokenized equities typically enable 24/7 trading, fractional ownership, and potential use as collateral or liquidity in decentralized protocols.
Distribution across chains reduces single points of failure or congestion risk and allows users to choose environments that best match their needs for cost, speed, or existing holdings.
Challenges remain. Regulatory clarity continues to develop, and the products generally provide economic exposure rather than full traditional shareholder rights in most cases.
Market depth can still vary by asset and chain, and users must carefully evaluate issuer transparency, custody arrangements, and redemption mechanisms.
Nevertheless, the current distribution signals healthy competition and broader adoption.
As more traditional finance participants explore blockchain rails and as on-chain infrastructure improves, tokenized equities are likely to see further expansion across additional networks.
The move away from single-chain concentration strengthens the overall resilience and reach of this emerging asset class, positioning it as a more integrated part of both crypto and traditional investment landscapes.
Data tracking platforms continue to monitor these trends closely, providing transparency into market capitalization, holder distribution, and volume metrics across issuers and chains. The latest snapshot of roughly $950 million on BNB Chain, $790 million on Ethereum, and $620 million on Solana offers a clear view of a market that has diversified its foundations.
Crypto investor and X user Cup has outlined ambitious price targets for major digital assets, predicting that the next six to 12 months could bring substantial returns across the cryptocurrency market. Cup expects Bitcoin to rally toward $200,000, while also forecasting strong gains for Ethereum, Solana, XRP, SUI, and a range of other altcoins.
High price targets for leading cryptocurrenciesIn a recent X post, Cup described the coming period as potentially “life-changing” for crypto investors. He projected Bitcoin would climb to $200,000, representing a sharp move from its current levels. Cup also set a $10,000 target for Ethereum, suggesting that ETH could break into new territory.
Cup’s forecasts extended to several top altcoins. He named $1,000 as a medium-term target for Solana, $5 for XRP, and $4.50 for SUI. He concluded the post by encouraging market participants to practice patience, anticipating a major round of expansion among altcoins.
In a visual chart accompanying his post, Cup compared Bitcoin’s market structure between 2024 and 2025 with an outlook for 2026 and 2027, projecting phases of accumulation, a pre-bull run, and a subsequent critical rally. The chart placed Bitcoin at $126,000 during an earlier cycle, while predicting that the next large upward move could bring the asset as high as $265,000.
AssetCurrent Price Level*Projected TargetBitcoin (BTC)$66,000$200,000Ethereum (ETH)$3,500$10,000Solana (SOL)$150$1,000XRP$0.50$5SUI$0.80$4.50Mini dictionary: Cup is a pseudonymous crypto investor and market commentator active on X, sharing analysis and forecasts for major digital assets.
The next 6–12 months will be life-changing. Bitcoin is going to $200,000. ETH will break $10,000. SOL will reach $1,000. XRP will hit $5. SUI will hit $4.50. Altcoins will explode. Patience.
Mixed reactions among market participantsCup’s optimistic targets have sparked an active debate among users in the crypto community. Some investors expressed strong support for the vision described in the post, while others raised concerns about the likelihood of such aggressive gains materializing within the given timeframe.
Derek M, commenting under Cup’s post, noted that he has been holding Bitcoin since 2017 and considered the projections reasonable, expressing confidence in the outlook. In contrast, another market participant argued that the crypto market often moves counter to consensus views, casting doubt on the suggested timeline.
Nick veeBee challenged both the timeframe and targets, stating that he does not expect Bitcoin to reach $200,000 within a year, and added that even by the peak of 2029, the milestone might remain out of reach. Other reactions included Quacks Lady’s enthusiasm for a potential bull market and JoHan’s suggestion that SUI could exceed Cup’s price projection in the long term.
Some commenters questioned whether the proposed gains for Bitcoin and other major cryptocurrencies could be reached in the next 6–12 months, while others saw the targets as attainable and looked forward to a new market cycle.
Additionally, Steve Schroer took a critical approach by asking if Cup would commit to making a Bitcoin donation to charity should the projections prove inaccurate.
Patience and the path forward for altcoinsCup’s post did not provide a technical breakdown or detailed analysis behind each price target but emphasized market cycles and broad expectations for the digital asset sector. The message was clear: with patience, major gains in Bitcoin, Ethereum, Solana, XRP, SUI, and other leading altcoins could be within reach in the next six to 12 months.
Cup’s high-profile predictions have amplified conversation around the future of the cryptocurrency market, as traders weigh optimism against caution in anticipation of what could be a transformative period for digital assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) may dominate the large-cap altcoin conversation, but there are dramatically different risk-reward profiles across the three.
Why Is Ethereum Boring But Still A ‘Hold’?In a detailed X thread, trader Stockmoney Lizards gave Ethereum an overall rating of 3 out of 5, describing the second-largest cryptocurrency as boring, but a good portfolio "hold".
On the technical side, ETH appears to be building a base around a key Fibonacci support level and has broken sideways from its previous range.
Lizards also questioned the “ultrasound money” narrative surrounding Ethereum, noting that ETH has recently become slightly inflationary as activity migrated toward Layer-2 networks.
Still, substantial amounts of ETH remain locked up, potentially tightening available supply if demand accelerates.
Ethereum remains a major hub for on-chain activity despite facing competition from newer blockchains.
Stock Money Lizards predicts a rally toward $3,000, potentially revisiting previous all-time highs during the next bull cycle.
Solana received a 2 out of 5 rating, but Stock Money Lizards sees considerably more speculative upside if crypto risk appetite returns. He terms it a "beta bet" but not a core hold.
“The casino floor of crypto, and that is a real use case whether you like it or not,” the trader said.
SOL remains within a falling wedge and is testing resistance from below. Rather than chasing the cryptocurrency at current levels, Lizards identified the $48 to $60 region as the area of greater interest.
Momentum has also deteriorated substantially since SOL peaked near $293 in early 2025.
Stock Money Lizards sees a credible path toward $200, representing potentially significant upside. However, this happens only if Bitcoin enters another strong bull leg and meme coin speculation returns.
Why This Trader Is Avoiding XRPXRP also scored 2 out of 5, but Stock Money Lizards was considerably more skeptical of its investment case despite being a highly engaged and loyal community.
The trader characterized XRP’s historical price action as extended periods of sideways trading interrupted by sharp rallies and subsequent declines.
The biggest concern is tokenomics, as concentrated supply creates risks for investors.
The trader was similarly skeptical of XRP’s long-standing narrative around banking and cross-border payments, arguing that the anticipated adoption has yet to reach the scale supporters have predicted.
Lizards also pushed back against extremely bullish XRP price forecasts of $100, $200 or even $500.
“Too big to fail is not the same as will 50x,” the analyst said.
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A large Ethereum investor has liquidated a substantial portion of long-held tokens after more than three years, locking in cumulative losses exceeding $19 million. On-chain trackers identified the wallet, associated with the address beginning 0x7C5a, as having maintained its position through multiple market cycles before finally selling.
The holder built the stake between February 2022 and March 2023, acquiring Ethereum at an average cost of approximately $2,723 per token.
Whale 0x7C5a is finally giving up after holding $ETH for over 3 years, selling at a loss with total losses now exceeding $19M.
The whale bought $ETH at an average price of $2,723 in February 2022 and March 2023, then staked it.
10 hours ago, the whale sold 7,323 $ETH ($13.96M).… pic.twitter.com/bqA3Nt64ws
— Lookonchain (@lookonchain) August 8, 2026
Rather than actively trading the assets, the investor chose to stake them, adopting a patient, long-term strategy that endured two complete bear markets.
This approach reflected confidence in the network’s longer-term prospects despite significant price volatility during the holding period.
That patience ended recently.
Roughly ten hours before the reports circulated, the wallet offloaded 7,323 ETH, generating about $13.96 million in proceeds.
The average sale price came in near $1,906 per token, closely aligned with Ethereum’s prevailing spot levels around $1,915 at the time.
Relative to the original average acquisition cost, this represented a decline of nearly 30 percent on the latest tranche alone, before factoring in any staking rewards earned over the years.
Data compiled by analysts, including references to Arkham Intelligence tracking, indicates that when earlier partial disposals are combined with this latest exit, the wallet’s overall realized losses surpass $19 million.
Staking yields accumulated during the multi-year period proved insufficient to offset the broader price depreciation experienced by ether since early 2022.Such moves by large holders often attract attention in crypto markets because they can signal shifting sentiment among experienced participants.
Sales of this nature sometimes occur near periods of price weakness, when even dedicated long-term holders reassess whether continued patience remains justified.
In this case, the decision to exit after staking through extended downturns underscores the challenges of navigating prolonged drawdowns, even for those with substantial capital and a buy-and-hold mindset.
Ethereum’s price trajectory since the 2022 accumulation window has tested many similar strategies.
While the network has undergone significant technical upgrades and broader adoption efforts, token valuations have faced persistent headwinds that left this particular position deep in the red by the time of the sale.
The transaction itself moves a meaningful quantity of ETH into circulation or onto exchange platforms, potentially contributing to short-term supply dynamics, though its overall market impact depends on broader trading activity and liquidity conditions.
Observers monitoring whale behavior frequently view these capitulation-style events as data points rather than definitive market forecasts.
They can coincide with local bottoms or, conversely, reflect genuine reassessment of risk.
In either interpretation, the scale of the losses—exceeding $19 million after more than three years of holding and staking—illustrates the financial realities that can confront even sizable positions when asset prices fail to recover to earlier entry levels.
The episode serves as a reminder of the risks inherent in concentrated, long-duration cryptocurrency holdings.
While staking offered a potential offset through rewards, the magnitude of the price decline ultimately dominated the outcome for this wallet. Market participants continue to watch similar large holder activity for insights into conviction levels among major Ethereum stakeholders as conditions evolve.
Bitcoin (BTC) and Ethereum (ETH) show signs of strength as bulls defend key support on Monday after gaining 2% and 1.3% in the previous week. Meanwhile, Ripple (XRP) recovers mildly at the start of the week on Monday after sliding over 5% last week.
Bitcoin bulls defend 50-day EMABitcoin price trades at $64,973 on Monday, holding above the 50-day Exponential Moving Average (EMA) at $64,693 but still capped by the 100-day EMA at $66,870 and the distant 200-day EMA at $72,245. This configuration suggests a neutral to mildly constructive near-term tone, with price supported by the short-term trend while the broader structure remains below key medium- and long-term averages.
The Relative Strength Index (RSI) around 54 reinforces a balanced bias with a slight bullish tilt. At the same time, the Moving Average Convergence Divergence (MACD) stays in positive territory, hinting that buying pressure is gradually rebuilding rather than surging.
On the topside, initial resistance emerges at the 100-day EMA near $66,870, followed by the 200-day EMA at $72,245, before a major horizontal barrier looms far higher at $84,410.
On the downside, immediate support is at the 50-day EMA around $64,693, with a more significant structural floor at $64,004; a daily close below this latter area would weaken the current tentative bullish bias and expose a deeper corrective phase.
BTC/USDT daily chartEthereum could extend gains if it closes above the 100-day EMAEthereum price trades at $1,918, holding a mild constructive bias as it hovers above the 50-day EMA at roughly $1,864 while still capped by the 100-day EMA near $1,924. The price stance above this short-term EMA suggests underlying dip demand, while the longer-term 200-day EMA around $2,124 and a horizontal barrier at $2,000 remain untested overhead.
The RSI around 56 hints at steady but not overextended bullish momentum, and the MACD line, still slightly negative but improving, suggests that bearish pressure is fading rather than dominating.
On the topside, immediate resistance appears at the 100-day EMA near $1,924, followed by the psychological and chart-defined barrier at $2,000, with the 200-day EMA further up around $2,124 acting as a broader trend cap.
On the downside, initial support is seen around the current pivot area near $1,918, with the 50-day EMA providing a firmer floor around $1,864; a deeper setback would expose the more distant horizontal support at $1,385, where longer-term buyers could reemerge.
ETH/USDT daily chartXRP rebounds from correctionXRP price trades at $1.03 on Monday, rebounding slightly after correcting over 5% in the previous week. However, XRP is keeping a bearish near-term tone as it holds below the 50-day EMA at $1.10, the 100-day EMA at $1.18, and the 200-day EMA at $1.37.
The RSI around 39 and a negative MACD reading both hint that downside pressure persists, with rallies likely to face selling interest into the overhead EMA band.
On the downside, the first notable support emerges at the psychological and horizontal area near $1.00, where buyers may attempt to slow the decline.
On the topside, initial resistance is now seen at the 50-day EMA around $1.10, followed by the 100-day EMA at $1.18 and the horizontal barrier at $1.30. At the same time, a more substantial cap is reinforced by the 200-day EMA at $1.37 ahead of the distant $1.90 resistance.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The firm said whale accumulation near realized prices aligns with the late stage of a bear market.
Large Bitcoin, Ether, and XRP holders continued accumulating during recent market weakness, analytics firm CryptoQuant said.
The firm’s weekly report, Buying the Bear: A Signal of the Bear Market’s Final Stage, examined the recent accumulation by the largest wallets. It said the steady buying reflects behavior often seen during the closing phase of a bear market.
Whales Accumulate Bitcoin, Ethereum, and XRP For Bitcoin, wallets linked to major holders, excluding exchanges and miners, expanded their combined balance to about 3.06 million BTC this year. Buying accelerated after Bitcoin fell below $60,000 in June, though holdings remain below the 2025 cycle peak.
Ethereum showed an even stronger accumulation trend among its largest holders. Wallets holding between 10,000 and 100,000 ETH reached a record of 19.6 million ETH. Addresses with more than 100,000 ETH have added about 1.8 million ETH since mid-2025, lifting their holdings by roughly 70%.
The accumulation trend contrasted with activity among smaller Ethereum holders. CryptoQuant noted that wallets outside the largest groups reduced their combined balance by about 2.7 million ETH since January, showing a growing divide between large and smaller holders.
A similar shift was also visible in XRP, where large holders continued increasing their positions despite fears and liquidations.
Realized Prices Point to Late Bear Market Conditions The recent accumulation comes as all three assets trade near key realized price levels. Realized price is widely used to assess market cycles because it estimates the average acquisition cost of holders.
You may also like: Wall Street Tightens Grip on Crypto as Institutions Now Drive 72% of Spot Flow: Report Ripple (XRP) ETFs Record Another Green Week but Fresh Concerns Surface We Asked ChatGPT: Is XRP Doomed to Fall Below $1 After the CLARITY Act Delay? Bitcoin was trading around $65,000 compared with a realized price of roughly $52,900, while Ether changed hands near $1,920 against a realized price of about $2,450. XRP traded near $1.04 with a realized price of approximately $0.75, levels the firm described as consistent with late-stage bear market conditions.
According to CryptoQuant, the combination of whale accumulation and prices trading near realized values is consistent with the closing phase of a bear market. The firm added that further downside remains possible before a market bottom is confirmed.
This week brings a heavy mix of inflation, consumer and energy data that could influence risk assets and crypto prices. Bitcoin is approaching a key resistance zone, while XRP and Ethereum analysts are watching different technical setups. Here’s what could matter most for the market.
The week is packed with economic releases, with inflation data likely to be the biggest catalyst:
Key Events This Week:
1. July Existing Home Sales data – Tuesday
2. OPEC Monthly Report – Wednesday
3. July CPI Inflation data – Wednesday
4. July PPI Inflation data – Thursday
5. July Retail Sales data – Friday
6. August MI Consumer Sentiment data – Friday
It's a big week…
— The Kobeissi Letter (@KobeissiLetter) August 9, 2026 July Existing Home Sales — Tuesday: Strong figures could show economic resilience but weaken rate-cut bets. Softer results may lift expectations for easier policy and support risk assets.OPEC Monthly Report — Wednesday: Production and demand forecasts will shape oil-market expectations. Higher crude prices could fuel inflation, while weaker demand may ease price pressures.July CPI Inflation — Wednesday: The week’s biggest catalyst. Cooler inflation could boost Bitcoin and other risk assets, while a hotter reading may trigger selling.July PPI Inflation — Thursday: Shows price pressure at the producer level. An unexpected jump could revive inflation fears and keep borrowing costs elevated.July Retail Sales — Friday: Strong spending would signal a resilient consumer but could limit expectations for aggressive cuts. Weak figures may raise slowdown fears while strengthening easing bets.August Michigan Consumer Sentiment — Friday: Offers a snapshot of household confidence and inflation expectations. A sharp decline could point to weaker economic activity ahead. The CPI and PPI figures will be especially important because they could influence expectations around interest rates and broader risk appetite.
Bitcoin Position Right Now: Will it hit $68K?Bitcoin has pushed toward $64,000, with the $68,000-$70,000 area now seen as the next major zone to watch.
One analyst pointed out that the current move may not be the start of a fresh bull run. Instead, he expects Bitcoin could make one more push toward $69,000 before a deeper correction begins. His projected path is $64K, $69K, $61K, followed by potential moves toward $57K, $53K, $49K and eventually $44K.
🚨 THIS SETUP IS GETTING UGLY
BTC has already pushed into $64K, with $68K-$70K FVG now in sight
But this move doesn't look like start of a new bull run$BTC looks like it's building one final squeeze before real flush begins
— Klarck (@0xklarck) August 9, 2026 Key Levels to WatchCurrent level: $64,000Immediate upside target: $69,000First support: $61,000Major downside levels: $57,000 → $53,000 → $49,000 → $44,000Accumulation zone: $44,000–$53,000Recovery target: $55,000Bullish confirmation: Sustained move above $69,000Bearish signal: Rejection near $69,000 and break below $61,000He further expects around 60 days of accumulation before a possible recovery toward $55,000. He also points to previous calls involving Bitcoin’s $126K cycle top in 2025, the $96K, $60K and $83K, $59K sell-offs, and the latest roughly 10% S&P 500 correction.
Will XRP Revive?Some XRP analysts Julia Liberte and Dandelion said the token is following a structure similar to its 2017 cycle. Their roadmap starts with a move from $1.10 toward $0.97, followed by $1.80, then $2.70-$3.20. If the pattern continues, they see a possible move toward $6.50 and eventually $13.
$XRP is repeating the exact same trendline from 2017.
History is repeating itself.
Right before the 70,000% explosion.
The path to the next bull run:
Scenario 1: (AUG-SEP)
$1.10 → $0.97 → $1.80
Scenario 2: (NOV-DEC)
$1.80 → $2.70 → $3.20
Scenario 3: (JAN-FEB)… pic.twitter.com/e4JhRDAykp
— Julia (@Julia_Liberte) August 9, 2026 Hence another successful support retest could trigger a larger expansion, although these remain technical projections rather than guaranteed price targets.
Ethereum Gets Two Monthly Buy SignsEthereum is also attracting attention after On-chain analyst Ali Martinez revealed two TD Sequential buy Indicators on its monthly chart, a black 9 and an S13.
He pointed to previous Cues, including a 236% rise after the September 2022 buy trigger and a 258% gain following the April 2025. If the latest signs are validated, he sees Ethereum potentially moving toward $3,000.
Other EventsMarkets are also waiting for the Iran deal that the US said was coming last week. The agreement has still not been announced, leaving geopolitics as another factor traders will monitor alongside this week’s economic data.
Story Ends Here
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Key Highlights Ethereum is currently priced at $1,920.43 with a total market capitalization of $231.76 billion Monthly charts show two TD Sequential Buy signals (Black 9 and S13) have triggered The critical support zone between $1,800 and $1,850 has successfully defended against recent pullbacks Major resistance levels are positioned between $1,980 and $2,000, followed by a secondary target at $2,100 Weekly net inflows into spot Ethereum ETFs reached $244.94 million, marking the strongest performance in four months Ethereum is currently hovering near $1,920.43, maintaining its position above a crucial support area while monthly technical indicators suggest a potential shift in trend direction.
Ethereum (ETH) Price Daily trading activity has reached $6.78 billion over the past 24 hours. With a market capitalization hovering around $231.76 billion, Ethereum represents roughly 10.49% of the entire cryptocurrency market valuation.
ETH’s monthly chart has generated two significant TD Sequential Buy indicators: specifically, a Black 9 and an S13 signal. Historically, these technical formations have coincided with major price inflection points for Ethereum.
Market analyst Ali Charts highlighted previous occurrences of these signals. In September 2022, a Black 9 buy signal preceded a substantial 236% upward movement. Similarly, an A13 buy signal recorded in April 2025 resulted in a 258% price surge. While historical patterns don’t ensure future outcomes, market participants are monitoring these developments with interest.
ETHEREUM: TWO MONTHLY BUY SIGNALS
Last month, the TD Sequential flashed two buy signals on Ethereum's monthly chart: a black 9 and an S13.
This is a macro bullish development worth paying attention to. Over the past four years, every TD Sequential signal on the monthly chart… https://t.co/1Mk3vzKLl4 pic.twitter.com/iY9FmmxOxK
— Ali Charts (@alicharts) August 8, 2026
Market observer Ted (@TedPillows) emphasized that ETH continues to maintain support above the $1,900 threshold. According to his assessment, sustained defense of this price level should enable Ethereum to break through the $2,000 mark.
Ethereum has consistently protected the $1,800–$1,850 support range, with buying activity emerging whenever prices test this zone. This region continues to serve as the critical downside reference point.
$2,000 Barrier Represents Critical Breakout Zone The price corridor between $1,980 and $2,000 has functioned as a significant obstacle throughout the current recovery phase. A decisive move above the $2,000 level would provide the strongest confirmation that upward momentum is accelerating.
Should Ethereum successfully breach this resistance, attention would shift to $2,100 as the subsequent objective. This target aligns closely with the 200-day exponential moving average, currently positioned around $2,124.
From a technical analysis perspective, ETH is trading above its 50-day EMA located at $1,864, though it remains constrained by the 100-day EMA positioned near $1,924. The Relative Strength Index currently reads approximately 56, indicating consistent momentum without entering overbought territory.
The MACD indicator continues to show a marginally negative reading, though gradual improvement suggests diminishing downside pressure.
Spot Ethereum ETF Demand Reaches Peak Levels From an institutional investment perspective, spot Ethereum exchange-traded funds accumulated $244.94 million in net inflows during the previous week. This represents the strongest weekly performance observed in approximately four months.
Bitcoin Spot ETFs Saw $854M in Net Inflows Last Week; Ethereum ETFs Took In $245M
From August 3 to 7 (ET), Bitcoin spot ETFs recorded $854 million in net inflows, while Ethereum spot ETFs saw $245 million, marking five consecutive weeks of inflows. Solana, XRP and HYPE spot ETFs… pic.twitter.com/64xtJ53EcS
— Wu Blockchain (@WuBlockchain) August 10, 2026
Additionally, two cryptocurrency wallets purchased a combined 80,000 ETH, representing approximately $152 million in value during the past several days.
Should Ethereum fail to hold the $1,800 support area, the constructive technical setup would be compromised. The subsequent major support level beneath that zone is located at $1,385.
Ethereum is presently trading marginally below the 100-day EMA at $1,924, representing the immediate resistance level requiring attention in the near term.
A dormant Bitcoin address inactive for over 12 years has transferred out all 26.95 BTC, posting an unrealized profit of $1.73 million.
According to on-chain data, a Bitcoin whale dormant for over 12 years has reactivated. The whale accumulated 26.95 BTC when Bitcoin’s price stood at just $823.1. At 15:03:02 Beijing time today, the wallet address transferred out all 26.95 BTC, posting an unrealized profit of $1.73 million.
2 minutes ago
H100 Group announced it increased its holdings by 2,455.4 BTC at an average price of $62,900.
According to official announcements, H100 Group, a Swedish publicly listed Bitcoin reserve company, announced it has acquired 2,455.4 Bitcoin at an average price of $62,900, lifting its total Bitcoin holdings to 3,506 coins.
2 minutes ago
Robinhood launches cryptocurrency trading services for UK investors
According to an official announcement, Robinhood has launched cryptocurrency trading services for eligible customers in the UK. Users can trade over 50 digital assets directly within its main investment app via Bitstamp, the established trading platform it acquired last year for $200 million. The rollout kicked off this week, integrating crypto into its existing offerings of stocks, stock ISAs, options, and futures, all within a single app. Robinhood noted that the service will waive trading fees, account maintenance fees, and custody fees upon launch. However, UK customers will be charged a 0.1% foreign exchange fee, which rises to 0.3% for some weekend conversions.
2 minutes ago
SK Hynix responds to rumors of considering selling its Chongqing plant: No decisions have been made yet.
SK Hynix has issued a statement addressing market rumors that it is selling its Chongqing, China factory valued at 4 trillion won, stating that the company is studying multiple plans to enhance the competitiveness of its packaging business. No specific decisions have been made as of yet, the firm added, noting that should relevant matters be finalized in the future, it will make a further disclosure within one month of the confirmation date. (Source: Jiemian)
2 minutes ago
Industry analysts project that the cost of the iPhone 18 Pro will surge by nearly 40%, and Apple may adjust its gross margin strategy to ensure stable shipments.
According to TrendForce's latest mobile industry research, rising prices of components led by memory chips have pushed up the overall production cost of Apple's upcoming iPhone 18 series. The research firm estimates that the production cost of the 256GB iPhone 18 Pro in the third quarter will be roughly 38% higher than that of the same model launched in the same period in 2025. In 2027, as memory prices are projected to stay on an upward trajectory, the cost increase for the 256GB iPhone 18 Pro may expand further.
2 minutes ago
JPMorgan Chase: Still Bullish on Global Stock Markets, Cyclical Stocks to Lead the Rally
JPMorgan strategists remain bullish on global equities, expecting the rally to broaden in the second half of the year. As corporate earnings and economic activity metrics improve, cyclical stocks are poised to regain leadership and outperform low-volatility shares. The team led by Mislav Matejka wrote in a report that indices will hit new highs in the second half, adding that positioning is far from extreme and the Q2 earnings season has been reassuring. Within cyclical sectors, they focus on banks, luxury goods, construction materials, mining, industrials and cyclical consumer industries, while favoring emerging markets and the eurozone.
A crypto analytics firm says large investors are boosting their stakes in Bitcoin, Ethereum and XRP, hinting that the prolonged market downturn could soon be over.
CryptoQuant’s new report, “Buying the Bear: A Signal of the Bear Market’s Final Stage” examines the recent accumulation by the largest wallets.
The firm says whales have stepped up positions across the key crypto assets, displaying buying activity that often marks the final phase of a bear market.
“Smart money is positioning across the majors.
Bitcoin whales are accumulating. Bitcoin whale holdings (excluding exchanges and mining pools) have risen through 2026 to roughly 3.06M BTC, with whales adding aggressively as price dipped below $60K in June — though still below the 2025 bull-cycle peak near 3.23M.
XRP whales are quietly positioning. Spot order sizes remain in “big whale” territory while price holds the $1.0–$1.2 range, yet 90-day taker CVD sits in a neutral phase — accumulation by absorption rather than aggressive market buying.
Large ETH holders are accumulating the bear market. The 10k–100k balance cohort has climbed to record highs near 19.6M ETH and the 100k+ balance mega-whales have added roughly 1.8M ETH since mid-2025 (about +70%), even as the smaller 1k–10k cohort keeps distributing — down ~2.7M ETH since January. Valuations are approaching the undervalued zone across the board. Bitcoin (~$64K) and XRP (~$1.1) trade near their realized prices ($52.9K and ~$0.75), while ETH (~$1,900) trades below its realized price of ~$2,450, near the lower band — historically late-bear-market zones.”
Although the firm believes the risk-reward in crypto markets has improved markedly, CryptoQuant warns further downside is always possible before a confirmed floor is reached.
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.
TLDR: Stablecoin liquidity on Binance is rotating sharply from Tron toward Ethereum-based networks now. Tron’s USDT reserves on Binance fell nearly 50%, dropping from $1.4B to just $709M in two weeks. USDT and USDC inflows into Ethereum both surged sharply and clearly during this 14-day window Binance’s total purchasing power remains stable despite the sharp shift in network composition. Stablecoin liquidity on Binance is shifting between blockchain networks, even as total reserves stay outwardly stable.
Over the past 14 days, netflows to the exchange averaged roughly $87 million daily, sustaining a steady headline picture.
Beneath that surface, capital is moving away from Tron and toward Ethereum, reshaping where stablecoin liquidity actually sits across Binance’s infrastructure.
Tron Outflows Point to a Deepening Liquidity Drain USDT on Tron is experiencing a sharp and persistent drain from Binance. Weekly netflow figures have deteriorated by more than 1,200% compared to the prior period. Daily outflows peaked near $320 million on August 7, marking one of the steepest declines recorded recently.
As a result, Binance’s USDT reserves on Tron have effectively been cut in half. Holdings fell from approximately $1.4 billion to roughly $709 million in about two weeks. This pace of contraction stands out against otherwise stable aggregate stablecoin figures.
The scale of the move suggests coordinated repositioning rather than routine trading activity. Large holders and market makers appear to be pulling collateral off the Tron network specifically. That pattern points toward a broader reallocation rather than an exit from stablecoins altogether.
This divergence sets up a direct contrast with Ethereum-based stablecoin flows. Where Tron liquidity is contracting, Ethereum is absorbing a comparable share of incoming capital. On-chain analyst CryptoOnchain flagged this rotation as the defining feature of the current cycle.
Ethereum-Based Stablecoins Absorb the Reallocated Capital USDT on Ethereum has seen net flows surge 210% week-over-week. Daily inflows have frequently exceeded $180 million during the same 14-day window. USDC displays a similar trajectory, with Binance inflows climbing 114% over the comparable period.
Together, these figures indicate that stablecoin liquidity is not leaving the exchange. Instead, it is concentrating more heavily within Ethereum-based tokens and infrastructure. Binance’s overall purchasing power therefore remains intact despite the network-level turbulence.
Several factors could be driving this preference for Ethereum. Deeper decentralized finance liquidity on Ethereum offers more flexibility for large holders. Broader market infrastructure and settlement options may also be influencing this reallocation decision.
Positioning ahead of Ethereum-centric volatility remains another plausible explanation for the shift. Historically, similar rotations have preceded localized increases in trading activity. When aggregate reserves hold steady while liquidity concentrates on one network, that network often sees heightened short-term activity.
For now, the data points to preparation rather than withdrawal. Stablecoin liquidity appears to be repositioning ahead of the next phase of market activity. Where that capital moves next may determine which network experiences the sharpest near-term volatility.
Elliott Alexander, a member of the Ethereum Foundation, has joined BitPay after being laid off.
Former member of the Ethereum Foundation’s Developer Growth Team, Elliott Alexander, announced in a post that he was recently laid off by the Ethereum Foundation and has now joined crypto payment firm BitPay.
2 minutes ago
Japan and South Korea's stock markets closed higher on Monday.
According to Bitget market data, the Nikkei 225 index closed up 1363.51 points, or 2.08%, at 66,970.22 on Monday, August 10. South Korea’s KOSPI index rose 0.65% to end at 6,299.66 on the same day; SK Hynix fell 0.14% while Samsung Electronics dropped 0.43%.
2 minutes ago
The 'Big Short' Michael Burry No Longer Views Berkshire Hathaway as an Attractive Future Investment
The "Big Short" Michael Burry has stated that his biggest concern about Berkshire Hathaway was that when Warren Buffett eventually steps down, his successor would be too old and not Buffett himself, hence would lack the same patience to wait for the "best pitch". "I believe this concern has materialized," he said. "Looking ahead, I do not consider Berkshire an attractive investment anymore."
2 minutes ago
Analysis: Stablecoin market cap has shrunk by nearly $15 billion since May, as liquidity continues to exit the crypto market.
CryptoQuant analyst Darkfost stated in a post that since May, the total market capitalization of stablecoins has shrunk by nearly $150 billion, falling from roughly $2.8 trillion to $2.66 trillion. He noted that from last October to this May, the total stablecoin market cap remained largely sideways, meaning either no new liquidity entered the crypto market during that period, or the scale of new liquidity was insufficient to drive further growth in stablecoin market capitalization. At present, even if Bitcoin (BTC) can stabilize, market demand has not recovered, and insufficient liquidity is limiting BTC from making another upward breakthrough. Meanwhile, the continuous decline in stablecoin market cap since May reflects not only a lack of new capital in the market, but more likely that existing liquidity is gradually exiting the crypto market. In this scenario, even if BTC temporarily stops its decline, it still faces pressure from insufficient capital demand.
2 minutes ago
Spot silver rose 1% intraday, currently trading at $64.17.
According to Bitget's market data, spot silver has risen by 1% intraday, currently trading at $64.17 per ounce.
2 minutes ago
TSMC's July sales rose 44.7% year-on-year, with cumulative sales reaching 2.87 trillion New Taiwan dollars from the start of the year.
According to market sources, TSMC’s July sales reached NT$467.58 billion, a 44.7% year-on-year increase. Year-to-date cumulative sales amounted to NT$2.87 trillion. The semiconductor giant’s revenue from January to July 2026 stood at NT$2.872064 trillion, marking a 37% year-on-year rise.
PANews reported on August 10, according to SoSoValue data, the crypto market sectors showed a slight overall upward trend, with Bitcoin (BTC) up 0.57%, breaking through $65,000; Ethereum (ETH) up 0.48%, breaking through $1,900. The Meme sector performed outstandingly, up 0.36% in 24 hours, with Tutorial (TUT) up 52.38%, Pump.fun (PUMP) up 11.39%, Pepe (PEPE) and FLOKI up 2.47% and 2.81% respectively.
In other sectors, the Layer1 sector rose 0.27% in 24 hours, with Solana (SOL) up 1.44%; the PayFi sector rose 0.25%, with Monero (XMR) up 3.80%; the CeFi sector rose 0.14%, with Aster (ASTER) up 1.59%; the Layer2 sector fell 0.23%, with zkSync (ZK) up 2.41%; the DeFi sector fell 0.91%, with Curve DAO (CRV) up 6.39%;
Additionally, the AI sector fell 1.76%, but Worldcoin (WLD) rose 6.61%; the GameFi sector fell 3.97%, within the sector, Audiera (BEAT) fell 6.65%, WEMIX fell 3.08%.
Crypto sector indices reflecting historical sector performance show that the ssiNFT, ssiMeme, and ssiAI indices rose 2.85%, 0.63%, and 0.60% respectively.
The crypto market is going through a gloomy period, but Ethereum has just injected an unexpected dose of adrenaline. A whale, after three years of silence, has broken its silence by selling part of its position. The consequences of this move could well redraw the contours of the crypto market. While some see this sale as a sign of weakness, others see it as an opportunity. The battle of interpretations has begun in the crypto sphere.
In Brief An Ethereum whale sold 7,323 ETH after three years of holding, realizing a total loss exceeding $19 million. Two other whales accumulated 80,000 ETH, or $152 million, showing a divergence of opinion in the market. ETH is trading near $1,918, stuck between its 100- and 200-day moving averages, creating a major resistance zone. Monthly TD Sequential signals suggest a target of $3,000, while ETH volatility is at its lowest level. Ethereum’s whale paradox: one sells, two others pile in While one whale capitulated, two others massively accumulated Ethereum on crypto exchanges. The first withdrew 30,000 ETH from Coinbase Prime, while the second received 50,000 ETH from a wallet linked to Fidelity. In total, 80,000 ETH, or $152 million, changed hands in the shadows of the crypto markets.
The whale sentiment index remained above 50 for six consecutive days, even hitting 66.
The whales’ conviction has returned, but capitulation has not completely left the Ethereum market, notes AmbCrypto. The capitulating whale sold 7,323 ETH for $13.96 million. This striking contrast reveals deep division among institutional crypto investors.
Bear markets create opinion divergences even among the biggest players. Who is right in this crypto duel? The ones fleeing or the ones accumulating?
Address 0x7C5a, staking, and the $19 million that vanished in crypto’s storm Address 0x7C5a purchased its ETH in February 2022 and March 2023, at an average price of $2,723. It then staked its assets via Ethereum’s Proof-of-Stake mechanism, locking its position for years in the crypto world. On August 8, 2026, it sold 7,323 ETH for $13.96 million, a move that shook crypto traders. The loss on this single transaction reaches $6 million, and the total loss exceeds $19 million.
“Three years is a long time to wait for an exit” Kai Alpha on crypto social networks. Staking, supposed to be an advantage, turned a paper loss into a real loss by delaying the exit decision.
The honest answer is that holding a losing position for so long means you are either extremely optimistic about Ethereum’s future or really bad at timing the market, analyzes Adel Bucetta.
Massive accumulation and bullish signals that defy the panic Despite the widespread panic in the crypto industry, Ethereum’s monthly technical signals are decidedly bullish. Ali Charts identified two TD Sequential buy signals on the monthly chart: a black 9 and an S13. Historically, these signals have preceded major moves in the crypto market. In September 2022, the black 9 announced a 236% rise.
In April 2025, the A13 buy signal foreshadowed a 258% rally. The technical target is now $3,000, an 85% increase from Ethereum’s current price. Michaël van de Poppe sees immediate resistance at $2,000 for this major crypto.
Ethereum ETFs attracted $255.6 million in net inflows in early August, a sign of institutional interest. ETH volatility is at its lowest level in years. A whale’s capitulation can sometimes signal a market bottom in the crypto sphere.
Key Figures of the Ethereum Movement ETH Price at the time of writing: $1,919 ETH sold by the whale: 7,323 Total loss: >$19 million Accumulation: 80,000 ETH ($152M) Technical target: $3,000 Eye of the storm: Ethereum at a crypto crossroads ETH is trading near $1,918, stuck between $1,800 and $2,000 in this uncertain crypto market. The 100- and 200-day moving averages converge around $1,950-$2,050, creating a major resistance zone for this crypto. Social media comments are divided: capitulation or tax strategy in the crypto sphere?
“Crypto never stops teaching“, reminds one observer. The massive accumulation of $152 million by other whales contrasts with the sale, creating a fascinating paradox in the crypto ecosystem.
The market seems to be waiting for a catalyst to break out of its range. The next move could be brutal, up or down, in this unpredictable crypto universe. The whale’s decision could influence retail investors’ sentiment.
Is the Ethereum market at a decisive tipping point for crypto?
The capitulation of a whale after three years of waiting is a powerful but ambiguous signal in the crypto sphere. Meanwhile, the debate over a decreasing issuance for Ethereum rages among developers. The network’s future is also at stake on this front. The coming weeks will be decisive.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The CEO of ether.fi just put his money where his mouth is, literally. Mike Silagadze wagered $1 million that a newly proposed Ethereum upgrade would do the opposite of what its proponents intend, pushing staking power toward the biggest player in the room rather than distributing it more evenly.
The proposal in question is EIP-8363, dubbed the “Tapered Issuance Burn,” which was posted as a draft on August 4. Its stated goal is to cap Ethereum’s staking ratio at roughly 50% of total supply by progressively burning a growing share of consensus-layer issuance rewards once staking crosses certain thresholds. The theory: slow the growth of staked ETH, keep the network from becoming over-concentrated. The concern from Silagadze and others: it would accomplish the exact opposite.
The centralization paradox Silagadze’s argument is straightforward. When you reduce validator rewards across the board, the operators who feel it most are the small ones. Larger liquid staking protocols like Lido can absorb thinner margins because they benefit from massive scale and deep liquidity. Smaller LST providers, the ones already competing on razor-thin yield differentials, lose their main selling point.
The numbers paint a stark picture. At the time EIP-8363 was proposed, Ethereum’s staking ratio sat at approximately 34%, with around 41.5 million ETH staked. Liquid staking tokens collectively held about 15 million ETH. Of that LST segment, Lido’s stETH already commanded roughly 63% market share, a position valued at approximately $28.2 billion. Silagadze’s worry is that implementing the issuance burn would turn that dominance into near-monopoly status.
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On August 7, Silagadze made his position public, stating that while ether.fi would not refuse the upgrade, EIP-8363 could cause small liquid staking tokens to exit and migrate capital to Lido. The $1 million bet he offered was a direct challenge: he’s asserting that the new issuance scheme would ultimately consolidate validator power rather than mitigate it.
Market reaction and community pushback The proposal didn’t land quietly. Governance tokens tied to the major staking protocols took immediate hits. LDO, Lido’s governance token, dropped approximately 15%. ETHFI, ether.fi’s token, fell around 12%. Both staged partial recoveries, but the initial sell-off signaled that the market sees real risk in the proposal’s potential consequences.
Silagadze isn’t alone in his skepticism. Aave founder Stani Kulechov has publicly opposed EIP-8363 on X and in the Ethereum Magicians forum. Discussions among Ethereum core developers on the proposal were scheduled for around August 8, turning the days following the draft’s publication into a compressed window of intense lobbying from both sides.
Why yield compression hits small operators hardest To understand the mechanics here, consider how liquid staking protocols compete. They attract depositors by offering competitive staking yields while providing a liquid token (like stETH or eETH) that can be used elsewhere in DeFi. The yield is the product. When consensus-layer rewards get burned at higher staking ratios, every protocol’s yield offering shrinks.
But yield compression doesn’t affect everyone equally. Lido benefits from network effects that smaller protocols simply can’t replicate. Its stETH is integrated into virtually every major DeFi protocol. It has the deepest secondary market liquidity, which means stETH holders face minimal friction when entering or exiting positions. When yields are high across the board, a smaller LST can differentiate by offering slightly better returns or novel DeFi integrations. When yields compress, those marginal advantages evaporate, and depositors default to the safest, most liquid option.
The current staking ratio of 34% is well below the 50% ceiling that EIP-8363 targets. But the burn mechanism is designed to activate progressively as staking approaches that threshold. A world where approaching 50% staked ETH triggers increasingly punitive reward burns is a world where only the largest operators can justify the economics of running validators. Operating costs stay roughly fixed, revenue per validator declines, and the competitive moat provided by yield advantages disappears.
What to watch next The EIP-8363 debate is shaping up to be one of the most consequential governance fights in Ethereum’s recent history. It touches the core tension that has defined Ethereum’s post-Merge era: how to balance network security (encouraging sufficient staking) with economic sustainability (preventing ETH issuance from diluting holders) while maintaining the decentralization that gives the network its legitimacy.
If core developers advance the proposal, watch the LST market share numbers closely. Any movement in Lido’s already dominant 63% share of the LST segment would validate Silagadze’s thesis in real time. A shift from 63% toward 70% or higher would signal exactly the kind of consolidation he’s betting on.
The $1 million wager forces the conversation into concrete, measurable terms rather than letting it dissolve into abstract governance philosophy. If someone takes the other side, the staking community gets a high-profile accountability mechanism. If nobody does, the silence speaks volumes about how confident EIP-8363 proponents actually are in their own decentralization claims.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum is attempting to stabilize around $1.9K after its recent recovery, but the broader technical picture remains constrained by major overhead resistance. While short-term structure has improved, ETH still needs a decisive breakout to confirm that buyers are regaining control.
Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH is trading around $1.92K and has recently pushed above the descending white trendline. This is a constructive development compared with the previous structure, as the trendline had acted as dynamic resistance throughout the broader decline.
However, the breakout has yet to translate into strong upside momentum. The asset is now confronting the declining 100-day moving average around $1.94K, while the larger $2.05K-$2.15K resistance zone sits directly above it. The 200-day moving average is also descending toward this region, creating a significant concentration of overhead resistance.
Therefore, the trendline breakout is an encouraging first step, but it does not yet confirm a broader bullish reversal. A sustained move above the $1.94K moving average would strengthen the case for an advance toward the $2.05K-$2.15K zone. Until that happens, rejection from current levels could send ETH back toward the $1.81K-$1.85K support region.
If that support fails, the larger $1.56K-$1.62K demand zone would become the next major downside target.
ETH/USDT 4-Hour Chart The 4-hour timeframe presents a somewhat stronger short-term picture. ETH has rebounded from the $1.80K-$1.84K support zone and is now consolidating near $1.92K after establishing a sequence of higher lows from the early-August bottom.
Nevertheless, buyers are approaching a crucial test. The $1.95K-$1.98K resistance box marks the immediate supply zone and previously triggered a sharp rejection in late July. Price is currently consolidating just beneath this area, suggesting that the market is preparing for another attempt.
A breakout above the $1.95K-$1.98K region would likely open the door toward $2K and the upper boundary of the broader ascending structure. Conversely, another rejection would leave ETH vulnerable to a retracement toward the $1.80K-$1.84K support box.
The short-term bias has consequently improved, but confirmation still depends on buyers successfully clearing the resistance immediately overhead.
Sentiment Analysis Ethereum’s funding-rate chart provides an interesting backdrop to the latest recovery. Funding rates measure the periodic payments between long and short perpetual-futures traders, with positive readings generally indicating that leveraged positioning is tilted toward longs.
The 14-period funding-rate EMA remains positive at roughly 0.006, but it has fallen substantially from its June peak near 0.01. At the same time, ETH has begun recovering toward $1.9K from its recent lows.
This divergence suggests that price is recovering without a comparable increase in leveraged-long enthusiasm. That can be constructive because the advance appears less dependent on increasingly crowded bullish positioning, reducing the immediate risk associated with excessive positive funding.
Still, funding remains above zero, meaning longs continue to pay shorts, and bullish positioning has not disappeared. If ETH breaks the $1.95K-$1.98K resistance zone while funding remains relatively contained, the move could have a healthier derivatives backdrop. A renewed surge in funding without a corresponding price breakout, however, would signal increasing leverage and raise the risk of another long-side flush.
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US-listed spot Bitcoin and Ethereum exchange-traded funds attracted a combined $1.1 billion in net inflows during the most recent trading week. This performance stands as the most robust weekly result for these vehicles since April, according to the latest figures and data compiled by SoSoValue.
Spot Bitcoin ETFs led the charge, securing approximately $853.5 million across five consecutive sessions of positive flows.
Daily contributions varied, with stronger activity earlier in the week giving way to more moderate gains toward the close.
BlackRock’s iShares Bitcoin Trust (IBIT) dominated the category, accounting for the overwhelming majority of the new capital—more than 80 percent in some tallies—while other providers such as Fidelity also recorded meaningful additions.
Cumulative net inflows into Bitcoin products have now surpassed $52 billion since their launch, with total net assets hovering near $80 billion.
Ethereum-focused spot ETFs contributed the remainder, drawing in roughly $245 million.
This marked their strongest weekly showing since the same period in April and extended a streak of positive weekly flows to five consecutive periods.
BlackRock’s corresponding Ethereum product again captured the bulk of the activity.
The combined result for Bitcoin and Ethereum funds highlights a clear rebound after a quieter stretch of summer trading.
Interestingly, the surge in capital occurred against a backdrop of relatively subdued trading volumes.
Bitcoin ETF turnover declined notably, and Ethereum volumes fell even more sharply.
Analysts have interpreted this pattern as evidence that longer-term institutional allocators are steadily building positions rather than short-term speculative traders driving the activity.
The concentration of inflows into the largest and most established funds further suggests a preference for scale and perceived quality among professional investors.
Market observers have pointed to several potential contributing factors.
Some have linked the timing to heightened attention on self-custody risks following a recent hardware wallet security incident, which may have reinforced the appeal of institutional-grade products for certain holders seeking long-term exposure.
Others note broader improvements in sentiment toward digital assets after periods of weaker flows earlier in the year.
Regardless of the precise catalysts, the data indicates that demand for regulated access to Bitcoin and Ethereum has strengthened meaningfully in the short term.
These products have transformed how traditional investors gain exposure to the two largest cryptocurrencies.
By holding the underlying assets directly and trading on conventional exchanges, they remove many of the operational and custodial hurdles associated with direct ownership.
The latest weekly figures underscore their continued role as a primary conduit for institutional capital entering the space.
While one strong week does not guarantee sustained momentum, the scale of the inflows—especially after months of more muted activity—offers a constructive signal. Investors and market participants will now most likely closely monitor subsequent flow data to determine whether this represents the start of a more durable recovery in demand for crypto ETFs.
Most traders assume depegs are slow. They are not. Inside the 30 second window where arbitrage bots, liquidation cascades, and oracle lag collide to turn a minor price slip into a systemic event.
Summary
A stablecoin depeg lasting fewer than 60 seconds can trigger hundreds of millions of dollars in DeFi liquidations because lending protocols rely on price oracles that update on fixed intervals, not in real time, creating windows where collateral ratios become stale. Arbitrage bots can detect and exploit a depeg within two to three blocks on Ethereum, roughly 24 to 36 seconds, buying discounted stablecoins on one venue and redeeming or selling at par on another, but their speed advantage disappears when the depeg is caused by a solvency question rather than a liquidity imbalance. Chainlink price feeds for major stablecoins use a 0.25 percent deviation threshold and a one hour heartbeat interval, meaning the oracle will not update until the price moves at least 0.25 percent from its last reported value or 3,600 seconds have elapsed, whichever comes first. During the March 2023 USDC depeg caused by Silicon Valley Bank’s failure, approximately $2.1 billion in DeFi liquidations occurred within the first four hours, with the largest single liquidation exceeding $52 million on Aave v2, because borrowers who had posted USDC as collateral saw their positions fall below maintenance thresholds. Curve Finance’s 3pool, the largest stablecoin liquidity pool on Ethereum at the time, saw its USDC balance rise from roughly 33 percent to over 83 percent of total pool composition within hours as traders dumped USDC for DAI and USDT, a composition shift that amplified the depeg by creating one sided liquidity. The popular explanation of a stablecoin depeg involves a gradual loss of confidence: reserves are questioned, redemptions spike, and the peg erodes over hours or days. That version describes Terra’s collapse. It does not describe what happens when USDC trades at $0.87 on a Friday afternoon because a bank failed, or when USDT briefly drops to $0.97 on Curve during a liquidity crunch. Those events last seconds to minutes, and the damage they cause operates on a completely different timescale than the narratives written about them afterward. The mechanics of a short depeg are faster, more automated, and more consequential per second than almost anything else in crypto.
The assumption that a depeg needs to persist for minutes or hours to matter is wrong. Thirty seconds is enough for an automated system to declare a position insolvent, execute a liquidation, sell the seized collateral at a discount, and move on. Thirty seconds is enough for a liquidity pool to absorb a sell order large enough to shift its composition from balanced to critically one sided. And thirty seconds is more than enough for an arbitrage bot to decide whether the depeg represents a buying opportunity or a genuine solvency event, a distinction that determines whether the bot stabilizes the price or accelerates the decline.
How a peg works when nothing is wrong A stablecoin maintains its dollar peg through a combination of primary market redemption and secondary market arbitrage. The primary market is where authorized participants, typically large trading firms with direct relationships with the issuer, can create or redeem stablecoin tokens for exactly one dollar of the underlying reserve asset. The secondary market is where everyone else trades, on centralized exchanges, decentralized exchanges, and automated market makers.
When the secondary market price drops below one dollar, arbitrageurs buy the discounted stablecoin on the secondary market and redeem it for one dollar through the primary market, pocketing the difference. When the price rises above one dollar, they do the reverse: mint new tokens at one dollar and sell them on the secondary market at a premium. This two sided arbitrage keeps the price pinned to one dollar under normal conditions.
The system works because the primary market acts as a price floor and ceiling. As long as anyone can redeem one USDC for one dollar of reserves, the token cannot trade meaningfully below one dollar for long, because doing so creates a guaranteed profit for anyone willing to execute the redemption. The key phrase is “for long.” The lag between detecting a depeg and executing a redemption is where everything happens.
The 30 second anatomy of a depeg A typical depeg event on Ethereum unfolds across a compressed timeline that most observers reconstruct only after the fact.
Second zero: a large sell order hits a stablecoin liquidity pool on a decentralized exchange. The order is large enough to move the pool composition, pushing the stablecoin’s implied price below one dollar. On Curve Finance, which uses a specialized bonding curve optimized for assets that should trade at similar prices, a sell order of $10 million to $50 million can move the implied price by 0.5 to 3 percent depending on pool depth.
Seconds one through six: the trade is confirmed in the next Ethereum block. The pool’s new composition is now public. Every bot monitoring the mempool and block stream sees the price deviation.
Seconds seven through twelve: arbitrage bots that operate across multiple venues detect the price difference between the decentralized exchange and centralized exchanges where the stablecoin still trades at par. The fastest bots submit transactions in the next block, buying the discounted stablecoin on the DEX and simultaneously selling it on a centralized exchange.
Seconds thirteen through twenty four: the arbitrage trades execute. If the initial sell order was a one time event, a large fund rebalancing its portfolio or a panic seller liquidating a position, the arbitrage flow absorbs the price impact and the peg restores within two to three blocks. This is the benign scenario and accounts for the vast majority of stablecoin price deviations.
Seconds twenty five through thirty and beyond: if the sell pressure continues, the arbitrage flow cannot keep up. The bots are limited by their own capital, their willingness to hold inventory risk, and the speed at which they can move funds between centralized and decentralized venues. When the depeg persists past the arbitrage capacity, the market transitions from a liquidity event to a confidence event, and the dynamics change fundamentally.
Oracle lag and the liquidation trigger The most consequential feature of a short depeg is not the price movement itself but the interaction between that movement and the oracle systems that DeFi lending protocols use to value collateral.
Lending protocols such as Aave, Compound, and Maker do not use real time market prices. They use oracle feeds, most commonly provided by Chainlink, that aggregate prices from multiple sources and update on chain according to specific rules. For major stablecoins, Chainlink’s price feeds typically use a deviation threshold of 0.25 percent and a heartbeat of 3,600 seconds. The feed updates when the price moves more than 0.25 percent from the last on chain value, or when one hour has passed since the last update, whichever condition triggers first.
This design is intentional. Updating on every block would be prohibitively expensive in gas costs and would expose the oracle to manipulation through short lived price spikes. But the design creates a window of vulnerability during a depeg. If USDC trades at $0.99 on the secondary market but the oracle last reported $1.00 and the deviation threshold has not been crossed, the protocol still values USDC collateral at one dollar. Borrowers who posted USDC as collateral have a few minutes of grace before the oracle catches up.
When the oracle does update, the effect is abrupt. Every position that was marginally above the liquidation threshold at the old price may suddenly fall below it at the new price. The protocol does not liquidate positions one at a time in order of risk. It opens all eligible positions to liquidators simultaneously, creating a wave of liquidation transactions that compete for block space and drive up gas prices, which in turn increases the cost of executing arbitrage trades, which in turn reduces the arbitrage flow that would otherwise stabilize the price.
This feedback loop, depeg triggers oracle update triggers liquidations triggers more selling triggers deeper depeg, is why short depegs can cause damage disproportionate to their duration. The March 2023 USDC event produced approximately $2.1 billion in liquidations across DeFi. The depeg lasted roughly 48 hours in total, but the majority of liquidations occurred in concentrated bursts that corresponded to oracle update cycles.
Curve pools and one sided liquidity Curve Finance occupies a unique position in stablecoin infrastructure because its automated market maker is specifically designed for assets that should trade at the same price. The Curve stableswap invariant, a mathematical formula that concentrates liquidity around the one to one price ratio, allows large trades with minimal slippage under normal conditions. During a depeg, this same design amplifies the problem.
When traders sell a depegging stablecoin into a Curve pool, the pool absorbs the selling by accumulating more of the depegging asset and distributing more of the other assets in the pool. As the composition shifts, say from 33/33/33 in a three asset pool to 80/10/10, the implied exchange rate for the majority asset deteriorates nonlinearly. A pool that can handle a $50 million swap with 0.1 percent slippage at balanced composition might require 5 percent slippage for the same swap when one asset comprises 80 percent of the pool.
This dynamic means that Curve pools act as both a stabilizer and an amplifier. In the early seconds of a depeg, the pool absorbs selling and the stableswap invariant keeps the price close to par. As the composition becomes increasingly one sided, the pool begins amplifying the depeg by making it progressively more expensive for arbitrageurs to buy the discounted asset. Liquidity providers, who deposited balanced allocations of all three assets, find themselves holding mostly the depegging asset, a form of impermanent loss that can become permanent if the depeg does not reverse.
When arbitrage bots stop buying The critical transition in any depeg event is the moment when arbitrage bots stop providing a floor. Bots buy a depegged stablecoin because they expect to redeem it for one dollar or sell it elsewhere at par. Their willingness to do so depends on two assessments: whether the issuer can actually honor redemptions, and whether the capital required to execute the arbitrage is worth the risk.
During the USDC depeg in March 2023, Circle had approximately $3.3 billion deposited at Silicon Valley Bank, which represented roughly 8 percent of USDC’s total reserves at the time. When SVB failed, the question was not whether Circle would eventually recover the funds but whether Circle could process redemptions immediately. Arbitrage bots that would normally buy USDC at $0.95 and redeem it for $1.00 stopped buying because the redemption mechanism was temporarily frozen over the weekend.
This created a gap between the stablecoin’s fundamental value, which depended on whether the FDIC would make depositors whole, and its market price, which reflected the immediate liquidity available for redemptions. The gap persisted until Sunday evening, when the Federal Reserve and FDIC announced that all SVB depositors would be made whole. USDC’s price recovered to $0.99 within minutes of the announcement.
The lesson is that arbitrage provides a price floor only when the redemption mechanism is functioning. When the floor disappears, the price is set entirely by secondary market supply and demand, and secondary markets in a crisis are dominated by sellers.
What lending protocols see during a depeg From the perspective of a lending protocol, a stablecoin depeg creates a specific sequence of risks that the protocol’s risk parameters are designed to handle, but only up to a point.
When a borrower posts USDC as collateral and borrows ETH, the protocol maintains a loan to value ratio. If USDC is valued at one dollar and the LTV limit is 80 percent, a borrower can post $100 of USDC and borrow $80 worth of ETH. If USDC’s oracle price drops to $0.90, the collateral is now worth $90, pushing the effective LTV to 88.9 percent, above the liquidation threshold.
The protocol opens the position to liquidators, who repay part of the borrower’s debt and receive the collateral at a discount, typically 5 to 10 percent. The liquidator profits from the discount, the protocol recovers the borrowed funds, and the borrower loses a portion of their collateral. In theory, this mechanism keeps the protocol solvent even when collateral values decline.
In practice, the mechanism depends on liquidators being willing and able to execute quickly enough. During a depeg, liquidators must buy the depegging stablecoin to repay the debt, which means they are absorbing the same asset that everyone else is trying to sell. If liquidation volume exceeds the market’s capacity to absorb sales of the depegging asset, the protocol can accumulate bad debt, positions where the collateral value has fallen below the debt value and no liquidator is willing to close the position.
Aave v2 accumulated approximately $1.6 million in bad debt during the USDC depeg, a small amount relative to its total value locked but a proof of concept for the failure mode. Larger or longer depegs would produce proportionally more bad debt.
What this does not cover This article does not cover algorithmic stablecoin depegs, which involve fundamentally different mechanisms. Terra’s collapse in May 2022 was caused by a failure of the algorithmic stabilization mechanism itself, not by a temporary liquidity event or external shock to reserves. The dynamics of an algorithmic depeg involve death spirals between the stablecoin and its paired governance token, a phenomenon that does not apply to fiat backed stablecoins like USDC or USDT.
This article also does not cover the regulatory implications of depegs. The GENIUS Act and other stablecoin legislation address reserve requirements and redemption rights, but the interaction between those requirements and real time market mechanics during a depeg is a separate topic.
Finally, this article does not cover the specifics of individual protocol risk parameters. Each lending protocol sets its own oracle sources, deviation thresholds, liquidation bonuses, and bad debt handling procedures. The general mechanics described here apply broadly, but the specific numbers and outcomes vary by protocol.
Practical checks If you hold stablecoins or use them as collateral in DeFi, several factors determine your exposure to a short depeg event.
Check the oracle source your lending protocol uses. Protocols that rely on a single oracle with a high deviation threshold are more exposed to delayed liquidation triggers. Protocols that use multiple oracles or have tighter update thresholds will reflect price changes faster, which can be either protective (faster liquidation prevents bad debt accumulation) or harmful (faster liquidation gives borrowers less time to add collateral).
Check the composition of any Curve or Uniswap pool where you provide liquidity. If one stablecoin already comprises a disproportionate share of the pool, the pool is already pricing in a mild depeg risk, and your impermanent loss exposure is elevated.
Check whether the stablecoin issuer has published information about its reserve custodians. Circle discloses its banking relationships. Tether provides quarterly attestations but does not disclose individual custodians. The risk profile of a depeg depends heavily on the specific institutions holding the reserves and their susceptibility to bank runs, regulatory actions, or operational failures.
Check your liquidation threshold. If you are borrowing against stablecoin collateral, calculate how far the stablecoin price would need to fall before your position is liquidated. A 3 percent depeg that lasts 30 seconds may not trigger your liquidation if your LTV is conservative, but a 10 percent depeg almost certainly will.
Check the stablecoin’s redemption terms. Some stablecoins can be redeemed 24/7. Others have processing windows, minimum redemption amounts, or identity verification requirements that create delays. Those delays determine how quickly arbitrage can restore the peg after a depeg event.
What to watch Oracle infrastructure upgrades. Chainlink and other oracle providers are actively developing pull based oracle models that allow protocols to request price updates on demand rather than waiting for push based updates on fixed schedules. These models would significantly reduce the oracle lag window during depegs.
Curve v2 and concentrated liquidity adoption. Newer AMM designs that allow liquidity providers to concentrate their capital around specific price ranges may change the dynamics of one sided liquidity during depegs, either reducing slippage for large trades or creating cliff effects where liquidity disappears entirely below a certain price.
Stablecoin reserve diversification post GENIUS Act. The GENIUS Act’s reserve requirements may push issuers toward more diversified custodial arrangements, reducing the concentration risk that caused the USDC depeg when SVB failed.
Cross chain depeg propagation. As stablecoins are bridged across multiple chains, a depeg on Ethereum can propagate to Arbitrum, Optimism, Base, and other networks with varying delays depending on bridge finality times and oracle configurations on each chain.
Real time liquidation dashboards. Tools like DefiLlama’s liquidation tracker provide real time visibility into the collateral positions that would be liquidated at various price levels. Monitoring these dashboards during periods of stablecoin stress gives advance warning of potential liquidation cascades.
u003cstrongu003eWhat is a stablecoin depeg?u003c/strongu003e u003cpu003eA stablecoin depeg occurs when a stablecoin’s market price diverges from its target value, typically one US dollar. Depegs can be caused by liquidity imbalances on exchanges, concerns about the issuer’s reserves, or external events like bank failures that affect the custodians holding the reserve assets. Most depegs are short lived and resolved by arbitrage, but severe depegs can persist for hours or days.u003c/pu003e
u003cstrongu003eHow long does a typical depeg last?u003c/strongu003e u003cpu003eMost stablecoin price deviations last seconds to minutes and are resolved by automated arbitrage bots that buy the discounted stablecoin and redeem it or sell it at par elsewhere. Severe depegs caused by solvency concerns, like USDC during the SVB failure, can last 48 hours or more because arbitrageurs are unwilling to buy until the redemption mechanism is confirmed to be functioning.u003c/pu003e
u003cstrongu003eCan a 30 second depeg cause real losses?u003c/strongu003e u003cpu003eYes. DeFi lending protocols use oracle feeds that update on fixed intervals. When the oracle updates and reflects a lower stablecoin price, positions that were previously above the liquidation threshold can suddenly become eligible for liquidation. Liquidators seize collateral at a discount, and borrowers lose a portion of their funds. This can happen within a single oracle update cycle.u003c/pu003e
u003cstrongu003eWhat role do oracles play during a depeg?u003c/strongu003e u003cpu003eOracles provide the price data that DeFi protocols use to value collateral and determine liquidation eligibility. Most oracle feeds for stablecoins update when the price moves more than 0.25 percent or after a fixed time interval. This creates a lag between the market price and the protocol’s view of the price, which can delay or accelerate liquidations depending on the timing.u003c/pu003e
u003cstrongu003eWhy do Curve pools amplify depegs?u003c/strongu003e u003cpu003eCurve’s stableswap design concentrates liquidity around the one to one price ratio, which minimizes slippage for normal trades. During a depeg, sellers dump the depegging asset into the pool, shifting its composition. As the pool becomes increasingly one sided, the implied exchange rate deteriorates nonlinearly, making it progressively more expensive for arbitrageurs to restore balance.u003c/pu003e
u003cstrongu003eWhat is the difference between a liquidity depeg and a solvency depeg?u003c/strongu003e u003cpu003eA liquidity depeg occurs when selling pressure temporarily exceeds buying capacity on secondary markets, but the issuer’s reserves are intact and redemptions are functioning. These depegs are typically resolved within minutes by arbitrage. A solvency depeg occurs when the issuer’s reserves are insufficient to honor all redemptions at par, which can lead to sustained price declines and potential permanent loss.u003c/pu003e
u003cstrongu003eHow do arbitrage bots restore the peg?u003c/strongu003e u003cpu003eArbitrage bots monitor price differences across venues. When a stablecoin trades below one dollar on a DEX but at par on a centralized exchange, bots buy on the DEX and sell on the CEX. If the redemption mechanism is functioning, bots can also buy discounted stablecoins and redeem them directly with the issuer for one dollar. This buying pressure pushes the DEX price back toward par.u003c/pu003e
u003cstrongu003eWhat can users do to protect themselves during a depeg?u003c/strongu003e u003cpu003eUsers can reduce exposure by maintaining conservative loan to value ratios when borrowing against stablecoin collateral, diversifying across multiple stablecoin issuers, monitoring oracle update schedules for the protocols they use, and checking the reserve custodian disclosures of the stablecoins they hold. Avoiding concentrated exposure to a single stablecoin in liquidity pools also reduces impermanent loss risk during depeg events.u003c/pu003eu003cpu003e*Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry significant risks. Always conduct your own research before making any financial decisions. The information in this article is current as of August 8, 2026.*u003c/pu003e
