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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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.
Meme coin MOO, paired with Micron stock on Long.xyz, has broken through the $18 million market cap mark, surging over 330% in a single day.
According to GMGN market data, the meme coin MOO, paired with Micron stock on Long.xyz, has exceeded $18 million in market capitalization, currently trading at $18.27 million, with a daily gain of over 330%. BlockBeats Note: Stock Meme is an emerging concept merging traditional meme coins with tokenized U.S. equities: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model preserves meme coins’ high volatility and community-driven speculative traits, while tapping into the popularity and narratives of real stocks. A portion of transaction fees is often redirected to the community treasury to accumulate the corresponding U.S. stock tokens, forming a dual-driven model of "sentiment-fueled speculation + real asset anchoring".
9 minutes ago
Robinhood Chain’s DEX 24-hour trading volume exceeds $900 million for the first time.
Crypto analyst Adam’s data shows that the 24-hour trading volume of decentralized exchanges (DEX) on Robinhood Chain has topped $900 million for the first time. The meme token launchpad recorded a record-high trading volume of $438 million yesterday, while real-world asset (RWA) trading volume also exceeded $200 million for the first time.
9 minutes ago
Tensions between the US and Iran remain elevated, with the two major global crude oil benchmarks rising nearly 1% intraday.
According to Bitget market data, WTI crude oil has climbed above $86 per barrel, with an intraday increase of 0.73%. Brent crude oil touched $91 per barrel, up 0.75% on the day.
9 minutes ago
FOMO Co-founder: The platform is growing rapidly, adding 30 new users every minute.
Fomo co-founder @seyong announced on X that the platform has seen rapid growth recently, adding 30 new users every minute. Additional data shows that in the week ending August 24, the weekly trading volume of the social trading app neared $1.3 billion. The daily active user counts of Fomo and Pump are close to those of Polymarket, Hyperliquid, and Phantom, ranging from 60,000 to 100,000 respectively.
9 minutes ago
1.5TB reduced to 214GB: Tencent releases extreme quantized version of Hy4 preview
Beating AI News: Just after the Hy4 preview went open-source, Tencent has released an extreme quantized version of its Hunyuan model. The original model weights are nearly 1.5TB, while the new GGUF version is only around 214GB, drastically lowering the local deployment barrier for this 770B MoE model. Tencent did not uniformly quantize the entire model to 1.25-bit; instead, it applied different quantization levels based on each layer’s sensitivity to precision: non-critical layers are compressed to as low as ~1.31-bit, while sensitive layers retain 2-bit or higher precision, resulting in an average of ~2.38 bits per weight (bpw). In four benchmarks provided by Tencent, the quantized version only dropped 0.2 to 1.6 points compared to the BF16 original. After compression, Tencent also tested heterogeneous device joint inference with prima.cpp. A setup consisting of an RTX 4090 laptop and a 4-A4000 server, with only 80GB of total VRAM and 64GB of RAM, achieved an inference speed of 1.02 tokens per second—roughly 6 times faster than running the model offloaded on the laptop alone. Multiple devices with different configurations can also jointly share the model inference workload.
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.
Meme coin MOO, paired with Micron stock on Long.xyz, has broken through the $18 million market cap mark, surging over 330% in a single day.
According to GMGN market data, the meme coin MOO, paired with Micron stock on Long.xyz, has exceeded $18 million in market capitalization, currently trading at $18.27 million, with a daily gain of over 330%. BlockBeats Note: Stock Meme is an emerging concept merging traditional meme coins with tokenized U.S. equities: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model preserves meme coins’ high volatility and community-driven speculative traits, while tapping into the popularity and narratives of real stocks. A portion of transaction fees is often redirected to the community treasury to accumulate the corresponding U.S. stock tokens, forming a dual-driven model of "sentiment-fueled speculation + real asset anchoring".
9 minutes ago
Robinhood Chain’s DEX 24-hour trading volume exceeds $900 million for the first time.
Crypto analyst Adam’s data shows that the 24-hour trading volume of decentralized exchanges (DEX) on Robinhood Chain has topped $900 million for the first time. The meme token launchpad recorded a record-high trading volume of $438 million yesterday, while real-world asset (RWA) trading volume also exceeded $200 million for the first time.
9 minutes ago
Tensions between the US and Iran remain elevated, with the two major global crude oil benchmarks rising nearly 1% intraday.
According to Bitget market data, WTI crude oil has climbed above $86 per barrel, with an intraday increase of 0.73%. Brent crude oil touched $91 per barrel, up 0.75% on the day.
9 minutes ago
FOMO Co-founder: The platform is growing rapidly, adding 30 new users every minute.
Fomo co-founder @seyong announced on X that the platform has seen rapid growth recently, adding 30 new users every minute. Additional data shows that in the week ending August 24, the weekly trading volume of the social trading app neared $1.3 billion. The daily active user counts of Fomo and Pump are close to those of Polymarket, Hyperliquid, and Phantom, ranging from 60,000 to 100,000 respectively.
9 minutes ago
1.5TB reduced to 214GB: Tencent releases extreme quantized version of Hy4 preview
Beating AI News: Just after the Hy4 preview went open-source, Tencent has released an extreme quantized version of its Hunyuan model. The original model weights are nearly 1.5TB, while the new GGUF version is only around 214GB, drastically lowering the local deployment barrier for this 770B MoE model. Tencent did not uniformly quantize the entire model to 1.25-bit; instead, it applied different quantization levels based on each layer’s sensitivity to precision: non-critical layers are compressed to as low as ~1.31-bit, while sensitive layers retain 2-bit or higher precision, resulting in an average of ~2.38 bits per weight (bpw). In four benchmarks provided by Tencent, the quantized version only dropped 0.2 to 1.6 points compared to the BF16 original. After compression, Tencent also tested heterogeneous device joint inference with prima.cpp. A setup consisting of an RTX 4090 laptop and a 4-A4000 server, with only 80GB of total VRAM and 64GB of RAM, achieved an inference speed of 1.02 tokens per second—roughly 6 times faster than running the model offloaded on the laptop alone. Multiple devices with different configurations can also jointly share the model inference workload.
Ethereum continues to trade strongly above $2,470 following substantial gains throughout August, with derivatives activity and large-scale whale transactions supporting bullish sentiment in the market.
August rally and technical landscapeEthereum is currently priced at $2,471.16, marking a 2.25% increase in the past 24 hours. Over the month of August, ETH has surged by 32.8%, reflecting increased optimism among traders and investors. This upward trajectory is underpinned by consistently high trading activity and aggressive moves in the derivatives market.
Trading analysis highlights that Ethereum remains well above $2,247.57, the midline of its 20-day Bollinger Bands, which analysts regard as a vital support level. Maintaining this position is seen as essential for preserving the ongoing bullish structure.
Resistance is appearing at $2,783.71, representing the upper boundary of the current Bollinger Bands. Analysts believe a decisive push beyond this threshold could pave the way for further upside moves, while a decline under $2,247.57 might signal fading momentum and risk triggering a deeper correction.
The relative strength index (RSI) currently stands at 69.13, just beneath the traditional overbought threshold of 70. This suggests that while buyers still have control, the market could become overheated if the rally carries on without a period of consolidation.
Open interest in Ethereum derivatives has surpassed $30 billion, with total trading volume exceeding $90 billion in August. Analysts note that this level of activity indicates robust market participation and reinforces the bullish setup established throughout the month.
Whale activity draws attentionBlockchain analytics platform Lookonchain flagged a significant transaction from a major Ethereum holder—whale 0xF626. This entity received 102,913 ETH (worth approximately $248.6 million) before transferring 2,858 ETH (valued around $7 million) to exchanges within a short timeframe. The address continues to hold about 100,055 ETH, equating to roughly $241.6 million.
Market observers often scrutinize such large transfers for potential selling pressure, especially when substantial volumes are sent to exchanges. However, there is no evidence that the whale intends to liquidate its entire holdings at present.
Lookonchain detailed, “Whale 0xF626 is selling 102,913 $ETH ($248.6M),” adding that the transfer to exchanges occurred soon after amassing funds from multiple wallets. The remaining balance indicates that only a portion was moved for possible selling.
Market tools become essential for tradersAs Ethereum consolidates near its resistance and support levels, volatility remains a risk for those seeking to capitalize on recent gains. With market sentiment swinging rapidly, driven by whale actions or institutional developments, traders are increasingly turning to advanced tracking technologies to streamline decision making.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
The crypto community is now focused on whether Ethereum can sustain its momentum above support at $2,247.57 and challenge the next resistance at $2,783.71. Breaking beyond these levels could confirm the bullish bias seen throughout August, while any pullback may prompt reevaluation of short-term price targets.
Robinhood Chain recorded its busiest day since launch, with applications on the network earning about $2.66 million over 24 hours and pushing the two-month-old blockchain ahead of Ethereum in daily app revenue, according to CoinDesk reporting published August 31, 2026. The milestone came from an unusual source: memecoin trading tools rather than the tokenized stocks the network was built to host.
Apps on the chain earned the $2.66 million total in a single day, second only to Solana’s $5.07 million and ahead of every other network, according to DefiLlama data cited in the report. That was roughly twice what applications on Ethereum brought in over the same period and six times the figure for Base.
Record Activity Driven by Memecoin Launchpads The network processed 5.52 million transactions on August 30, an all-time high, while decentralized exchange trading reached about $875 million, according to on-chain data. Pons, an application that lets users create and trade tokens on Robinhood Chain, saw about 22,600 new tokens launched in a single day, up more than 40 percent from the day before. The memecoin tools GMGN and Pons together generated about $2 million of the chain’s app revenue, while Uniswap contributed roughly $307,000 more, meaning the three applications accounted for about 88 percent of the total.
Most of those tokens are speculative coins built around jokes, animals or internet trends rather than businesses moving stocks or other traditional assets on-chain, echoing the launchpad-driven memecoin trading that has spread across other networks. The rush has coincided with a broader crypto rally, with Robinhood-themed memecoins such as Cash Cat more than doubling in the week through August 25.
A Tokenized-Stocks Network Running on Speculation The activity complicates the narrative Robinhood set out when it launched the Ethereum-compatible network on July 1 with tokenized stocks as its flagship use case. Within two weeks, CoinDesk found, memecoins had already overtaken much of the trading, even as Robinhood Chain’s tokenized-stocks and real-world-asset volume began to climb.
Chief Executive Vlad Tenev has signaled comfort with the outcome, telling observers in July that the network works well for memes even as real-world assets remain the company’s longer-term focus. The company has not disclosed how much revenue the chain itself generates, though executives said on a July earnings call that Robinhood collects only a few basis points on each transaction, and the tokenized-stocks market the network was designed to lead remains in its early stages.
What the Surge Means for Ethereum and Solana The revenue ranking shifts the competitive picture for Ethereum-aligned networks. Robinhood Chain is an Ethereum-compatible layer now generating more application revenue than Ethereum itself, a reminder that memecoin activity can shift fee flows between chains quickly.
What remains unsettled is whether Robinhood can convert speculative traffic into durable use of its tokenized-stocks products. The company has not commented on whether it views the memecoin surge as positive and has yet to disclose the chain’s own revenue. For now, the busiest application on a network pitched around real-world assets is a launchpad that produced 22,600 tokens in a day. Robinhood Chain’s daily transaction count has climbed from well below one million in early July to more than five million, underscoring how quickly the speculative activity has scaled.
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A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
Japan's 10-year government bond yield rises to 3% for the first time in 30 years.
Japan’s 10-year government bond yield climbed to the 3% level for the first time since September 1996.
10 minutes ago
The X-Agent AI MCP Hackathon 2026 will kick off on September 2, featuring two tracks competing for USDT and X-Points prizes.
X-Agent has announced that the X-Agent AI MCP Hackathon 2026 will officially launch on September 2, inviting global developers and teams to submit practical, verifiable Agent and MCP applications. The online global event is supported by OlaXBT and features two tracks: 1. The Open Innovation Track encourages participants to build any practical API-driven Agent or MCP capabilities, focusing on areas including AI, crypto assets, data, automation, and Agent infrastructure. 2. The OlaXBT × X-Agent Trading Challenge grants participating teams access to OlaXBT Nexus MCP, enabling them to develop trading strategies, run backtests, analyze performance, and utilize market data to validate strategies and build related Agent or MCP applications. Total rewards consist of USDT and X-Points. Each track’s first-place team will receive 500 USDT, while the top five teams in each track will split X-Points—tokens eligible for participating in the airdrop of X-Agent’s $XAGT. Winning and selected projects will also gain access to support such as MCP standardization, ecosystem exposure, market integration, and paid call commercialization. The registration and development period runs from September 2 to September 19. Technical review and judging will take place between September 20 and October 1, with the winner list expected to be announced from October 2 to 4. Participants must submit projects via the official GitHub repository. For registration and event details, please refer to the original link.
10 minutes ago
Trader 'CBB' bought $10.5 million worth of HYPE spot, completing a 1:1 spot-futures hedge by shorting an equal amount.
According to TradingBeats monitoring, trader "CBB"-linked sub-accounts have cumulatively purchased 125,492.4 HYPE spot tokens since 00:45 today, for approximately $10.5506 million at a weighted average price of $84.073. Meanwhile, alongside these spot buys, the account added a short position of 125,458.02 HYPE perpetual contracts on 10x cross margin, with a position size of around $10.5524 million and an average entry price of $84.111. The quantity and value of both trade legs almost perfectly align, forming a nearly 1:1 spot-perpetual hedge. Currently, HYPE’s funding rate remains positive, meaning long positions pay funding fees to shorts. The account has received roughly $1,818.6 in funding fees today via its short perpetual position. This strategy also uses borrowing to boost capital efficiency: the account has enabled portfolio margin, holding approximately 190,538 HYPE as assets while borrowing around 7.56 million USDC, resulting in a USDC balance of roughly -$5.96 million. The main account has seen a net inflow of around $10 million this cycle, with the remaining spot exposure primarily funded through USDC borrowing. This address is a sub-account named "2 HYPE DN" under the main wallet 0x49e9. The main account currently holds an additional ~15.696 million USDC and controls multiple related sub-accounts. Main account: 0x49e96e255ba418d08e66c35b588e2f2f3766e1d0; Trading sub-account: 0x642ed9529b2c4fc33da54d1005b6aa12aefdf814 On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time Hyperliquid data viewing, address-based tracing of whale operations, and comprehensive in-depth analysis.
10 minutes ago
Monetary Authority of Singapore launches public consultation on stablecoin regulation.
Monetary Authority of Singapore (MAS) is soliciting public comments on proposed legislative amendments to the Payment Services Act 2019, aiming to establish a stablecoin regulatory framework in Singapore. The regulator is also seeking public feedback on related proposals for additional regulatory requirements, which draw on developments in the stablecoin industry since 2023. The consultation additionally collects input on policy stances including recognition of cross-jurisdictional and offshore-issued stablecoins. The comment deadline is October 16.
10 minutes ago
Robinhood CEO: Robinhood Banking's assets have topped $4 billion.
Robinhood CEO Vlad Tenev stated in a post on X that Robinhood Banking’s assets have exceeded $4 billion, adding that this growth reflects users’ trust in Robinhood’s fund management. Tenev also noted that Robinhood is developing "Trump Accounts", which it aims to make the default tool for charitable donations in the U.S. Traditional charitable giving involves complex rules and regulations, requiring donors to evaluate charities, confirm that funds are used as advertised, and assess their efficiency. Trump Accounts allow donors to directly invest funds into investment accounts held by U.S. children, reducing intermediary steps in the donation process. Donors can clearly track their funds’ destination, children own the related assets, no fees are charged, and account assets grow long-term via compounding at market rates—a model expected to bring positive changes to U.S. philanthropy.
10 minutes ago
Manus officially regains independence, completing its split from Meta.
Beating AI Flash News: Manus announced it has officially resumed independent operations, with its founding team continuing to lead the company. Data migration for users in previously affected regions has been completed, and services have returned to normal.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ethereum is consolidating after a sharp breakout from the $1.9K area, with ETH currently trading below $2.5K. The technical structure has improved considerably, while the continued decline in exchange reserves provides a supportive backdrop.
However, ETH’s $2.5K resistance zone is a meaningful one, and a breakout or rejection from this level is key to determining whether the recovery can extend or the recent price surge was just a bull trap.
Ethereum Price Analysis: The Daily Chart The daily chart shows a significant structural improvement over the past several weeks. ETH broke above the descending channel that had contained the price throughout the past few months, subsequently reclaiming the $1.9K region and then accelerating sharply higher.
The breakout also pushed ETH through the $2.1K resistance zone before the asset surged toward the current $2.5K area. The move also brought ETH above both the 100-day (~$1.9K) and 200-day (~$2.05K) major moving averages. These moving averages are also now sloping upward, which suggests that the broader bearish structure is losing momentum and a structural bullish shift might be occurring.
As already mentioned, ETH is now trading inside a resistance zone around $2.45K-$2.55K. This area has repeatedly attracted selling pressure in recent sessions, with several candles failing to establish a decisive breakout above $2.5K. A daily close above this region would strengthen the bullish continuation scenario and could expose the next major resistance around $3K and potentially higher.
On the downside, the first important support is around $2.1K. This zone is particularly significant because it previously acted as resistance and was decisively reclaimed during the latest rally. A pullback that holds this area would therefore keep the bullish breakout structure intact.
Below it, the $1.9K zone represents another important support region and serves as the initial point of the breakout. Therefore, a sustained move back below it would weaken the current bullish structure and raise the risk that the recent breakout was just a failed recovery preceding a deeper decline.
ETH/USDT 4-Hour Chart The 4-hour chart provides a clearer view of August’s price action and the current consolidation. Following the vertical breakout from $1.9K, ETH initially pushed above $2.3K and continued toward $2.5K. Since then, the price has been moving sideways within a relatively tight range, with the $2.5K level acting as the upper boundary.
This consolidation can be interpreted constructively as long as ETH continues to hold the higher levels established during the breakout. The market is effectively digesting a very aggressive upward move rather than immediately giving back the entire rally.
Therefore, the immediate resistance remains around $2.5K. A decisive 4-hour breakout and sustained trading above this zone would provide confirmation that buyers are regaining control and could open the way toward higher daily-chart resistance.
Looking below, the first notable support lies around $2.2K-$2.3K. This zone coincides with a bullish order block, where the latest acceleration higher began, and could therefore attract buyers if ETH undergoes a deeper retracement.
The next support is around $2.05K-$2.1K, and holding this area would be particularly important, as a drop below it would also lead to a decline below the $2K psychological level and could quickly damage market sentiment.
Meanwhile, the 4-hour RSI has pulled back from overbought territory and is hovering around 50. This is consistent with a cooling-off phase following the breakout rather than an outright momentum breakdown. A renewed move above the $2.5K area while RSI expands again would strengthen the continuation setup, but this scenario will likely materialize after further consolidation or correction, as the market seems over-extended in the short-term.
Sentiment Analysis The exchange-reserve chart provides a notably constructive signal for Ethereum. ETH held on exchanges has declined steadily from above 21M ETH in 2025 to approximately 14.9M ETH at the latest reading shown on the chart. The decline has even become steeper over the past couple of months.
At the same time, ETH’s price has recovered from $1.5K to approximately $2.4K. The divergence is important because the declining exchange reserve suggests that a smaller quantity of ETH is sitting on exchanges and potentially immediately available for selling. While exchange reserves alone cannot determine future price direction, sustained withdrawals can reduce readily available sell-side supply if the trend reflects longer-term accumulation or movement into self-custody and other non-exchange venues.
The chart also shows that the decline in exchange reserves has persisted even through periods of significant price volatility. This makes the current supply-side backdrop more constructive than if reserves were rising alongside the latest rally.
As a result, the technical and on-chain pictures are currently aligned. ETH has broken its longer-term descending trend, reclaimed the key $2K area, and is consolidating near the next resistance while exchange reserves continue to fall. This shrinking supply might just need a slight demand push from the spot or the futures market to result in a breakout and a further rally.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
In brief Bitmine bought 53,501 ETH (~$131 million), its largest weekly purchase since June, raising its holdings to 5,901,112 ETH—4.9% of supply and 98% of the way to its "Alchemy of 5%" goal. The buy extends a 65-week streak since the treasury strategy launched in June 2025; total holdings, including cash and other assets, hit $15.6 billion. Bitmine remains the largest ETH treasury and No. 2 crypto treasury behind Strategy, with 86% of its ETH staked via MAVAN for ~$335 million in projected annual revenue. Bitmine Immersion Technologies picked up the pace of its Ethereum buying last week, acquiring 53,501 ETH worth roughly $131 million as chairman Tom Lee touts crypto's strong third quarter.
The NYSE-listed company said Monday its Ethereum stash now stands at 5,901,112 ETH, valued at about $14.8 billion using a reference price of $2,511 per coin. That represents 4.9% of Ethereum's total supply of 120.7 million tokens, leaving Bitmine, in its words, 98% of the way toward its goal of controlling 5% of the network, a target it calls the "Alchemy of 5%."
Myriad: Ethereum next price move? Click to make your prediction.The purchase extends an unbroken run of accumulation. Bitmine has bought Ethereum every week since launching its treasury strategy on June 30, 2025, a streak that now spans 65 weeks even as some recent buys had slowed to smaller sums.
Lee said the top three performing assets since June 30 were Ethereum, Bitcoin and Solana, with Ethereum outpacing the S&P 500 by 5,430 basis points so far this quarter, and he argued that outperformance sets the stage for institutions to add crypto exposure. (Disclosure: Tom Lee is one of several investors in Decrypt’s parent company Dastan.)
Counting cash, other tokens and what it calls "moonshot" investments, Bitmine's total holdings reached $15.6 billion as of Saturday. That includes 211 Bitcoin, $541 million in cash and marketable securities, a $180 million stake in Beast Industries and an $81 million position in Eightco Holdings.
Bitmine remains the world's largest Ethereum treasury and the second-largest crypto treasury overall, trailing only Michael Saylor's Strategy.
Ethereum ETF Net Flows. Image: DecryptThe Bitcoin giant broke its own two-month buying pause this week, snapping up about $370 million in Bitcoin in its first purchase since June. The move followed a rally that flipped Strategy's 840,447 BTC to a roughly $2.8 billion paper profit, after the position had spent much of the summer underwater. Saylor's firm holds around $66 billion in Bitcoin, dwarfing Bitmine's crypto stack.
Bitmine also continues to generate staking income, with 5,067,309 ETH, about 86% of its holdings, staked through its MAVAN platform for projected annualized revenue of roughly $335 million.
Lee pointed to the mid-September Clarity Act vote as one of several potential catalysts heading into year-end.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Bitmine bought 53,501 ETH (~$131 million), its largest weekly purchase since June, raising its holdings to 5,901,112 ETH—4.9% of supply and 98% of the way to its "Alchemy of 5%" goal. The buy extends a 65-week streak since the treasury strategy launched in June 2025; total holdings, including cash and other assets, hit $15.6 billion. Bitmine remains the largest ETH treasury and No. 2 crypto treasury behind Strategy, with 86% of its ETH staked via MAVAN for ~$335 million in projected annual revenue. Bitmine Immersion Technologies picked up the pace of its Ethereum buying last week, acquiring 53,501 ETH worth roughly $131 million as chairman Tom Lee touts crypto's strong third quarter.
The NYSE-listed company said Monday its Ethereum stash now stands at 5,901,112 ETH, valued at about $14.8 billion using a reference price of $2,511 per coin. That represents 4.9% of Ethereum's total supply of 120.7 million tokens, leaving Bitmine, in its words, 98% of the way toward its goal of controlling 5% of the network, a target it calls the "Alchemy of 5%."
Myriad: Ethereum next price move? Click to make your prediction.The purchase extends an unbroken run of accumulation. Bitmine has bought Ethereum every week since launching its treasury strategy on June 30, 2025, a streak that now spans 65 weeks even as some recent buys had slowed to smaller sums.
Lee said the top three performing assets since June 30 were Ethereum, Bitcoin and Solana, with Ethereum outpacing the S&P 500 by 5,430 basis points so far this quarter, and he argued that outperformance sets the stage for institutions to add crypto exposure. (Disclosure: Tom Lee is one of several investors in Decrypt’s parent company Dastan.)
Counting cash, other tokens and what it calls "moonshot" investments, Bitmine's total holdings reached $15.6 billion as of Saturday. That includes 211 Bitcoin, $541 million in cash and marketable securities, a $180 million stake in Beast Industries and an $81 million position in Eightco Holdings.
Bitmine remains the world's largest Ethereum treasury and the second-largest crypto treasury overall, trailing only Michael Saylor's Strategy.
Ethereum ETF Net Flows. Image: DecryptThe Bitcoin giant broke its own two-month buying pause this week, snapping up about $370 million in Bitcoin in its first purchase since June. The move followed a rally that flipped Strategy's 840,447 BTC to a roughly $2.8 billion paper profit, after the position had spent much of the summer underwater. Saylor's firm holds around $66 billion in Bitcoin, dwarfing Bitmine's crypto stack.
Bitmine also continues to generate staking income, with 5,067,309 ETH, about 86% of its holdings, staked through its MAVAN platform for projected annualized revenue of roughly $335 million.
Lee pointed to the mid-September Clarity Act vote as one of several potential catalysts heading into year-end.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Bitmine Immersion Technologies (NYSE:BMNR) bought 53,501 Ethereum (CRYPTO: ETH) last week for approximately $131 million, its largest weekly purchase since June.
What the Latest Purchase ShowsAccording to a Bitmine press release Monday, the company now holds 5,901,112 ETH worth approximately $14.5 billion at current prices, representing 4.9% of Ethereum’s total supply of 120.7 million tokens.
The company needs approximately 134,000 additional ETH to reach its 5% ownership target.
Bitmine has purchased Ethereum for 65 consecutive weeks since launching its treasury strategy in June 2025.
Its latest acquisition followed a 32,447 ETH purchase the previous week and marked its largest weekly addition since June.
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The company had slowed its buying during July and August, when several weekly purchases fell below 10,000 ETH.
Meanwhile, Bitmine has also staked 5.07 million ETH, or approximately 86% of its holdings. Based on a seven-day staking yield of 2.63%, the company projects $335 million in annual staking revenue.
Why Lee Thinks Institutions Are About to Move?Bitmine Chairman Tom Lee noted in the release that ETH is the best-performing macro asset in Q3, outperforming the S&P 500 (NYSE:SPY) by 5,430 basis points through last Friday.
Ethereum gained 55% in August, compared with Bitcoin’s 34% advance. Lee argued that the gap could encourage institutions to increase their crypto allocations.
He also identified the expected CLARITY Act vote in September, renewed crypto demand from South Korean investors and a possible four-year cycle bottom as potential market drivers.
Additionally, Lee expects tokenization and blockchain-based AI activity to support the ETH-to-Bitcoin ratio, similar to how initial coin offerings, NFTs and stablecoins influenced earlier market cycles.
Where BMNR Stands Technically?BMNR traded nearly flat Monday after reaching $26.72 last week. The stock now tests horizontal support near $23, which acted as resistance between January and March.
The 200-day EMA at $22.18 sits just below as the next level to watch if the pullback deepens.
Key levels for BMNR: $26.72 — spike high, resistance above $22 — 200-day EMA, next support below Image: Shutterstock
BitMine Immersion Technologies added another 53,501 Ethereum [ETH] to its treasury last week, bringing its total holdings to 5.90 million ETH.
The company now controls approximately 4.9% of Ethereum’s supply, and it needs about 133,900 more to reach its long-standing target of owning 5%.
BitMine closes in on 5% target BitMine held 5,901,112 ETH as of August 30, according to the latest weekly update it made available.
BitMine said it has reached 98% of the way towards the goal of owning 5%. The company has purchased ETH during each of the 65 weeks since launching its treasury strategy in June 2025.
With the latest buy, and at the latest weekly pace, the remaining gap represents about two and a half weeks of purchases. But BitMine has not provided a date for reaching the target, and future acquisitions may vary.
Its ETH was worth approximately $14.8 billion according to the company’s stated price of $2,511.
BitMine also has 211 Bitcoin, $541 million in cash and marketable securities, and investments in Beast Industries and Eightco, bringing all its holdings to $15.6 billion, up from $14.9 billion one week earlier.
The additional ETH accounts for only about $134 million of that increase because Ethereum’s higher price and a $233 million rise in cash and marketable securities supplied much of the remaining growth.
Most of BitMine’s ETH is earning rewards BitMine has placed 5.07 million ETH, around 86% of its treasury, in staking programmes, and it estimates that this could generate approximately $335 million in annualized revenue.
The amount staked changed little from the previous week, and the estimated revenue increased slightly because of changes in the stated yield and ETH price.
BitMine Chairman Tom Lee expects institutional demand for crypto to strengthen during the final months of 2026. He also predicted that tokenization and artificial-intelligence applications would increase Ethereum’s use.
Final Summary BitMine added 53,501 ETH, taking its treasury to 5,901,112 ETH. The company needs approximately 133,900 more ETH to reach its 5% ownership target.
Japan’s two-year government bond yield climbed to 1.746% on Monday, its highest level in more than 31 years. The move raises the cost of the yen carry trade that has helped fund global risk assets, including Bitcoin (BTC).
Two-year yields track what traders expect from the Bank of Japan (BOJ). Swap markets now price roughly 88% odds of a rate increase in September.
Japan’s 2-Year Yield / Source: CNBCJapan Spent $97 Billion And The Yen Still FellThe BOJ lifted its policy rate to 1% in June, the highest since 1995. Longer maturities followed. The 10-year Japanese government bond (JGB) yield now sits near 2.93%.
Higher rates would normally support a currency. Instead, the yen weakened. It traded at 160.16 per dollar on Friday and touched 160.20 again on Monday.
USD/JPY daily chart / Source: TradingviewTokyo deployed 15.4 trillion yen, close to $97 billion, between July 30 and August 26. That included a rare joint intervention with the United States on July 31. However, the currency has already surrendered more than half of those gains.
The Rate Gap Is Shrinking, Yet The Yen Keeps SlidingThe spread between US and Japanese two-year yields has narrowed to 2.64%. At its 2023 and 2024 peak, that gap ran close to 5%. Half the carry incentive has vanished.
For four decades, the yen tracked that spread closely. Now the two have separated. The currency keeps weakening while the reward for borrowing yen shrinks.
US/Japan 2Y Bond Yield Spread / Source: MacroMicroThat divergence points away from interest rates as the main driver. Mounting Japanese bond losses and heavy debt issuance suggest a confidence problem that higher rates alone cannot solve.
What The Yen Carry Trade Means For Bitcoin NowInvestors borrow yen cheaply, then buy higher-yielding assets abroad. Sharp yen appreciation makes those loans costlier to repay. Forced selling can follow.
August 2024 demonstrated the mechanism. Bitcoin and Ethereum lost as much as 20% as yen-funded positions closed.
Bitcoin trades at $79,087, up 1.3% over 24 hours. The token slipped below $77,000 last week on hawkish remarks from Federal Reserve chair Kevin Warsh.
Therefore, the September BOJ decision matters less as a shock than as a marker. A move priced at 88% odds is largely absorbed. Meanwhile, the position that has yet to unwind keeps building.
BitMine Immersion Technologies has purchased another 53,501 ETH, lifting its Ethereum treasury to 5,901,112 tokens worth about $14.54 billion at the time of writing.
Summary
BitMine has bought Ethereum for 65 consecutive weeks since launching its treasury strategy. The company now controls about 4.9% of Ethereum’s reported 120.7 million-token supply. More than 5.06 million ETH is staked, producing an estimated $335 million in annual revenue. ETH trades near $2,464 as resistance around $2,540–$2,550 continues to limit its recovery. BitMine’s Ethereum holdings have reached 5.9 million ETH BitMine Immersion Technologies said in its latest treasury update that it held 5,901,112 ETH as of Aug. 30, after buying 53,501 tokens during the preceding week.
“Over the past week, we acquired 53,501 ETH,” Chairman Tom Lee said.
Using the company’s reference price of $2,511, the Ethereum position was valued at approximately $14.82 billion when BitMine recorded the snapshot at 3 p.m. Eastern Time. Management said its ETH balance accounted for about 4.9% of Ethereum’s reported supply of 120.7 million tokens.
At the time of writing, CoinGecko data showed Ethereum trading near $2,464, down about 0.4% over 24 hours and 1.1% across seven days. Applying that updated price places BitMine’s ETH holdings at approximately $14.54 billion, although the value will move with the token’s market price.
The latest acquisition extended BitMine’s buying run to 65 consecutive weeks. According to Lee, the company has added ETH every week since it adopted the treasury strategy on June 30, 2025.
Buying accelerated compared with several earlier updates. Earlier crypto.news coverage showed BitMine adding 9,946 ETH in late July, taking its holdings to 5,787,414 tokens. Another 9,926 ETH entered the treasury during the week ending Aug. 16, followed by 32,447 ETH in the next reporting period.
BitMine previously identified ownership of 5% of Ethereum’s supply as its treasury target. Based on the company’s supply figure, 5% would equal about 6.04 million ETH, leaving the current balance roughly 134,000 tokens below that threshold.
In June, Lee indicated that buying could slow once the company approached its target. A previous treasury report placed the balance at approximately 5.54 million ETH, or 4.6% of supply, after BitMine acquired 25,000 ETH from BitGo.
Staked Ethereum could produce $335 million annually Alongside the treasury expansion, BitMine reported that 5,067,309 ETH had been staked through its own infrastructure and outside validator partners. The position accounts for approximately 85.9% of its entire Ethereum balance.
At CoinGecko’s latest price, the staked tokens are worth about $12.49 billion. BitMine valued the same position at close to $12.73 billion using its Aug. 30 reference price of $2,511.
Management estimated that the deployed ETH could generate $335 million in annualized staking revenue. The calculation used a seven-day annualized staking yield of 2.63%, meaning the actual return can change with Ethereum’s validator participation rate, network rewards, operational performance and protocol conditions.
Once more of its ETH is deployed, Lee said annual staking revenue could reach $390 million under similar yield conditions. Around 833,803 ETH remains outside the reported staked balance.
BitMine launched MAVAN, short for Made in America Validator Network, in 2026 as its institutional Ethereum staking operation. Part of the company’s balance is already deployed through MAVAN, while partner validators handle another portion.
Staking has developed into a central revenue source for the company. A July treasury report said BitMine generated $45.7 million from staking and validation during the three months ended May 31, equal to about 98% of its $46.5 million in quarterly revenue.
The income also supports BitMine’s preferred-stock strategy. In June, the company declared a $0.1056 dividend on each share of its 9.50% Series A Perpetual Preferred Stock, traded on the New York Stock Exchange under the ticker BMNP. Lee previously said staking income could help finance payments on the preferred shares.
BitMine’s combined holdings stood at $15.6 billion Beyond Ethereum, BitMine’s Aug. 30 disclosure listed 211 Bitcoin, a $180 million investment in Beast Industries and an $81 million stake in Eightco Holdings. Cash and marketable securities totaled $541 million.
Using the prices and valuations captured for the company’s update, BitMine placed the combined value of its crypto assets, cash, securities and strategic investments at $15.6 billion. The figure represents a dated company snapshot rather than a fixed balance because cryptocurrency prices and listed investments continue to fluctuate.
BitMine described itself as the largest reported corporate Ethereum treasury. Strategy, led by Executive Chairman Michael Saylor, remains the largest digital-asset treasury company by total asset value because of its Bitcoin holdings.
For U.S. investors, exposure is available through BitMine’s NYSE-listed common stock under the ticker BMNR, as well as its BMNP preferred shares. BMNR traded near $24.27 at the time of writing, up about 2% during the session, with an intraday range between $23.72 and $24.46.
Fundstrat previously found that BMNR had an 80% correlation with ETH in a study of 17 large-cap stocks, compared with 74% for Coinbase. The research did not disclose the period or return interval used for the calculation, and correlation can change as stock and cryptocurrency prices move.
BitMine’s latest five-session average daily dollar trading volume reached approximately $1.36 billion through Aug. 29, according to the company. Management said the figure placed BMNR among the most heavily traded U.S. stocks by dollar volume.
Concentrating much of the company’s reported value in Ethereum also creates risks for shareholders. BitMine’s quarterly SEC filing identifies ETH price volatility, liquidity constraints, unrealized losses, custody arrangements, counterparty exposure and changes to U.S. rules governing digital assets and staking as factors that could affect its results.
Ethereum price remains below the $2,550 resistance zone Ethereum was trading near $2,464 at the time of writing, giving the token a market capitalization of approximately $297.3 billion, according to CoinGecko. Trading volume stood near $15.45 billion over 24 hours.
Price has remained below the $2,540–$2,550 resistance area after several failed attempts to sustain a breakout. A recent Ethereum technical analysis identified resistance near $2,533, where an ascending triangle and a concentration of leveraged positions created another test for buyers.
On the weekly chart cited in the supplied analysis, ETH sat between its 50-week exponential moving average near $2,374 and its 50-week simple moving average around $2,542. The two averages define the immediate consolidation range while the price remains below the upper boundary.
Crypto analyst Ted said a weekly close above $2,550 could clear a path toward resistance near $2,800. Under his downside scenario, losing the $2,370 area could expose the $2,180–$2,220 support zone.
BitMine Immersion Technologies, the Nasdaq-listed Ethereum treasury company, acquired 53,501 ETH over the past week, lifting its total holdings to 5,901,112 ether and bringing its combined crypto, cash and securities position to $15.6 billion, according to a company announcement published August 31, 2026. The purchase extends a buying streak that has now run for 65 consecutive weeks, and it leaves BitMine holding 4.9% of Ethereum’s 120.7 million ETH supply as it closes in on the 5% threshold the company has made a stated goal.
As of August 30 at 3:00 p.m. ET, the company said its holdings consisted of 5,901,112 ETH valued at $2,511 per coin using Coinbase pricing, along with 211 bitcoin, a $180 million stake in Beast Industries, an $81 million stake in Eightco Holdings and $541 million in cash and marketable securities. The $15.6 billion aggregate makes BitMine the largest Ethereum treasury in the world and the second-largest corporate crypto treasury overall, behind only Strategy, which holds 840,447 bitcoin valued at about $66 billion.
Closing In on a 5% Supply Target The company has framed its accumulation around an initiative it calls the “Alchemy of 5%,” the goal of acquiring 5% of all ETH. BitMine said it has reached 98% of that target in roughly 15 months, a pace that has drawn attention because of the concentration it represents for Ethereum’s circulating supply. The firm was added to the Russell 1000 large-cap index on June 26, 2026, and its Series A preferred stock began trading on the NYSE under the symbol BMNP, developments management has used to argue that institutional investors are treating the ETH treasury as a mainstream public-market vehicle.
Staking Most of the Treasury Most of the position is now earning yield rather than sitting idle. BitMine reported that 5,067,309 ETH, or about 86% of its holdings, is staked through its institutional-grade platform MAVAN, the Made in America Validator Network, a stake worth roughly $12.7 billion at current prices. The company said its staking operations generated a 7-day yield of 2.63% on an annualized basis and projected annualized staking revenue of about $335 million, rising toward $390 million if the full position is eventually staked through MAVAN and its partners. Those figures are company projections tied to current prices and yields rather than realized results. MAVAN was originally built to support BitMine’s own treasury but is intended to expand to serve outside institutional investors, custodians and ecosystem partners, according to the release. The expansion builds on a staking push that has already carried BitMine’s staking balance past five million ETH.
What the Buying Streak Signals — and What Remains Unsettled Chairman Thomas Lee attributed the continued accumulation to Ethereum’s relative performance, saying in the release that ETH is the best-performing macro asset so far in the third quarter, outperforming the S&P 500 by 5,430 basis points through last Friday, and that ETH, bitcoin and solana are the top three performing assets since June 30. Lee framed the purchases as a bet that institutions will add crypto exposure late in 2026, citing the CLARITY Act vote scheduled for mid-September and what he described as renewed buying by Korean investors. Those are forward-looking views expressed by the company rather than established market outcomes, and the pattern of weekly purchases has been a recurring story since BitMine stepped up its buying earlier this month.
The update also sharpens the question of how much of Ethereum’s supply a single corporate treasury should control. BitMine’s prior disclosure of a 32,447 ETH purchase crossed the 4.8% supply threshold, and each additional tranche deepens the debate over whether one holder accumulating nearly one in twenty ETH tokens reflects institutional conviction or a centralization risk for the network. The disclosure also reflects a broader pattern in which publicly traded companies have begun treating digital assets as a balance-sheet strategy, with BitMine and Strategy now ranking among the largest holders of their respective networks’ native tokens. The release’s figures reflect prices as of August 30 and will move with the market, and the 5% milestone remains a target rather than an accomplished fact.
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Bitcoin (CRYPTO: BTC) remains in a narrow range around $78,000, with analysts pointing out that only a select few cryptocurrencies can expect meaningful gains in the future.
What Technical Analysts ForecastProminent technical analyst Doctor Profit posted his weekly update on X Sunday, noting that $71,000 remains extremely strong support, $78,500 the next major resistance and $82,000 as the level that confirms a full bull market.
He called the daily RSI hot but noted weekly and monthly readings remain neutral, arguing the move was driven by a short squeeze rather than heavy spot buying or new leveraged longs piling in.
Crypto Rover posted on X that Bitcoin is pushing higher over the weekend while spot cumulative volume delta remains nearly flat, meaning leverage rather than real buyers is driving the move.
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He flagged that the last time this exact setup appeared, Bitcoin dropped from $81,000 to $77,000. Without spot buyers stepping in to validate the move, the pump risks a sharp reversal.
Widely-followed trader Smiley Capital on Sunday pointed out that the market is showing a clear three-tier structure:
Majors like Bitcoin and Ethereum (CRYPTO: ETH) lead and can be considereds core long-term positions. Revenue-generating protocols like Hyperliquid as measured by Hyperliquid Strategies (NASDAQ:PURR) and Pump.fun (CRYPTO: PUMP) are worth owning rather than just trading. Other altcoins and meme coins that “you play but do not hold.” What the ETF Data ShowsAccording to SoSoValue, ETH ETFs pulled in $824.42 million for the week ending Aug. 28, the strongest weekly total of 2026 and above the prior week’s record of $697.18 million.
August 28 alone brought in $102.18 million, led by BlackRock’s iShares Ethereum Trust ETF (NASDAQ:ETHA) with $83.79 million.
However, Bitcoin ETFs told a different story, recording a $201.81 million outflow on Aug. 28 and ending a nine-day inflow streak that had pulled in roughly $2.8 billion.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETHLatest NewsPublishedAug 31, 2026
Bitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses.
Bitmine Immersion Technologies extended its Ether buying streak to 65 consecutive weeks, adding 53,501 ETH last week as a broader crypto market recovery lifted the value of its burgeoning digital asset portfolio despite sizable unrealized losses.
The latest purchase brought Bitmine’s holdings to more than 5.9 million ETH, valued at roughly $14.8 billion based on an Ether price of $2,511 as of Sunday. The company now owns 4.9% of Ethereum’s 120.7 million circulating supply, putting it within striking distance of its stated goal of owning 5%.
Bitmine’s chairman, Tom Lee, said Ether, Bitcoin (BTC) and Solana (SOL) have been the three best-performing major assets since June 30, with ETH leading the gains.
“We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in 3Q so far,” Lee said.
Following the latest purchase, Bitmine is sitting on roughly $5.1 billion in unrealized losses on its Ether holdings, according to DropsTab data. The paper losses reflect sustained accumulation through the downturn, which began in the fourth quarter of last year and sent Ether and the broader crypto market sharply lower.
The company’s NYSE-traded BMNR shares were up 1.3% on Monday morning, at $24.09 apiece, poised to end the month with an almost-40% increase, according to Yahoo Finance data.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETHLatest NewsPublishedAug 31, 2026
Bitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses.
Bitmine Immersion Technologies extended its Ether buying streak to 65 consecutive weeks, adding 53,501 ETH last week as a broader crypto market recovery lifted the value of its burgeoning digital asset portfolio despite sizable unrealized losses.
The latest purchase brought Bitmine’s holdings to more than 5.9 million ETH, valued at roughly $14.8 billion based on an Ether price of $2,511 as of Sunday. The company now owns 4.9% of Ethereum’s 120.7 million circulating supply, putting it within striking distance of its stated goal of owning 5%.
Bitmine’s chairman, Tom Lee, said Ether, Bitcoin (BTC) and Solana (SOL) have been the three best-performing major assets since June 30, with ETH leading the gains.
“We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in 3Q so far,” Lee said.
Following the latest purchase, Bitmine is sitting on roughly $5.1 billion in unrealized losses on its Ether holdings, according to DropsTab data. The paper losses reflect sustained accumulation through the downturn, which began in the fourth quarter of last year and sent Ether and the broader crypto market sharply lower.
The company’s NYSE-traded BMNR shares were up 1.3% on Monday morning, at $24.09 apiece, poised to end the month with an almost-40% increase, according to Yahoo Finance data.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Russia’s regulated cryptocurrency trading volume may reach between 3.5 trillion and 4 trillion rubles, or $46.43 billion, during its first year following legalization, according to Anatoly Popov, Deputy Chairman of Sberbank, one of Russia’s largest state-owned banks.
Regulated trading begins with conservative estimatesPopov presented these figures prior to the Eastern Economic Forum, describing the estimates as conservative. Sberbank relied on data from the Ministry of Finance, which observed that crypto transactions within Russia amount to around 50 billion rubles daily, totaling approximately 18 trillion rubles annually.
SberCIB Investment Research, a division within Sberbank specializing in market analysis, projected that about 20% of this total—equivalent to 3.5 to 4 trillion rubles—could initially transition to regulated platforms once the appropriate legal framework is in place.
Sberbank, referencing Finance Ministry statistics, indicated that only a fraction of Russia’s existing crypto transaction volume is likely to enter the official market soon after new regulations take effect.
Most current crypto trading activity in Russia is expected to remain outside formally regulated exchanges in the near term, given patterns of behavior and the nature of the transition process.
Market growth potential and regulatory timelineSberbank believes that Russia’s regulated crypto market will expand in the coming years as domestic infrastructure matures. Popov stated that annual regulated trading volumes may reach between 4.75 and 5.25 trillion rubles by 2028, rising further to about 7.5 trillion rubles ($87.06 billion) by 2029.
This growth projection signals a gradual migration of crypto activity from unofficial channels toward licensed financial institutions.
YearRegulated Crypto Trading Volume (Trillion Rubles)USD Equivalent (Billion)First year after legalization3.5–4$46.4320284.75–5.25–20297.5$87.06Russia’s legal framework for crypto exchanges is set to take effect on September 1. The law gives professional market participants until July 1, 2027, to obtain the necessary licenses. As a result, full-scale adoption of regulated crypto trading is unlikely until after this transition deadline, keeping the initial volume modest by comparison.
The regulatory structure is designed to encourage a staged rollout, potentially reducing risks for both investors and the wider financial system.
Mini dictionary: Sberbank – Russia’s largest state-owned financial institution, actively involved in digital asset market development, banking, and investment services.
Retail restrictions and asset limitationsPopulation-wide adoption will be influenced by limitations on retail investment. Reports indicate that non-qualified investors are restricted to a maximum investment of 300,000 rubles, approximately $3,800, in crypto per year, provided they complete a financial risk-awareness test. Qualified investors have higher thresholds, but both groups will remain bound by regulatory limits.
Another factor shaping the market’s early phase is the list of approved digital assets. Currently, only Bitcoin, Ethereum, and Tether’s USDT are sanctioned for trading on Russian-regulated exchanges. Many other cryptocurrencies remain outside the legal perimeter for now.
This may encourage some investors to continue using unlicensed exchanges to access a wider selection of digital assets, limiting the initial share of total crypto activity conducted on regulated platforms.
Access to only Bitcoin, Ethereum, and USDT through official exchanges could drive demand for alternative assets elsewhere, affecting the pace at which overall activity shifts into regulated channels.
While total crypto activity in Russia could reach 18 trillion rubles per year, Sberbank anticipates that only a modest fraction will move to the regulated sector during the first phase after legalization.
For banks, brokers, and regulated exchanges, the introduction of a legal framework for crypto trading presents significant business opportunities alongside increased state oversight. For investors, the current framework does not equate to unrestricted trading rights.
Future market expansion depends on how licensing procedures evolve, investor demand develops, regulations are updated, and whether authorities choose to broaden the list of approved digital assets. Based on current forecasts, Russia’s regulated crypto market could grow to $87 billion a year by 2029 if these elements progress as expected.
Fundstrat’s Tom Lee said Bitcoin and Ethereum are positioned for a major fourth quarter if the CLARITY Act passes this year, calling it one of four catalysts he expects to drive crypto higher into year-end.
Lee’s Four Catalysts for a Crypto Comeback
Speaking in a CNBC interview, Lee laid out a multi-part case for strength in digital assets. First, he pointed to crypto’s performance relative to other asset classes, explaining it has been the best-performing macro asset in the third quarter so far, a track record he expects to draw fresh institutional allocation in September and the fourth quarter.
Second, Lee said the crypto market’s traditional four-year cycle is set to end next month, which he expects to bring back investors who had stepped away from the space. He specifically cited South Korean investors, historically a major force in crypto trading, who rotated into AI stocks earlier this year but are now showing renewed trading volume in crypto markets.
Third, Lee opened up about strengthening fundamentals building throughout the year, including strong momentum in tokenization and what he described as a breakout product launch from Robinhood, alongside broader tailwinds from generative AI adoption benefiting the sector.
The fourth catalyst, Lee said, is the CLARITY Act itself. “If Clarity Act passes, which could happen this year, and if it does, I think Bitcoin and Ethereum have a huge fourth quarter,” Lee said.
Is Crypto Winter Over?
Asked whether crypto’s recent strength offsets the declines seen over the past year, Lee said the downturn had actually been shallower than widely believed, despite significant deleveraging events, including a sharp pullback in October and two additional drawdowns earlier this year.
“I think it’s been a very shallow crypto winter,” Lee said, adding that relatively few investors currently hold crypto positions, a dynamic he believes leaves room for Bitcoin to potentially reach six-figure territory.
Bitcoin’s Rally Already Underway
Lee’s comments come as Bitcoin has already staged a recovery. Cryptocurrency markets experienced their largest weekly rally in three years during late August 2026, pushing Bitcoin back above $80,000 after months spent trading in a lower range. Altcoins also posted gains between 30-50%.
Story Ends Here
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Ethereum’s institutional moment is no longer a theory. US spot Ethereum ETFs recorded net inflows of $60.86 million on August 5, 2026, adding another data point to what has become one of the more compelling demand stories in digital assets this year.
For context, that single-day figure is not the headline number. The headline is what’s underneath it: cumulative net inflows into US spot Ethereum ETFs have now reached somewhere between $12 billion and $13 billion since the products launched in July 2024, with total assets under management estimated between $12 billion and $15 billion.
BlackRock is running away with this market If you want to understand who is winning the Ethereum ETF race, look at BlackRock’s iShares Ethereum Trust, ticker ETHA.
The fund accounts for an estimated 47% to 72% of recent category inflows, with assets under management between $6.5 billion and $8 billion. Fidelity’s FETH, Grayscale’s ETHE and ETH mini trust, Bitwise’s ETHW, and VanEck’s ETHV have all contributed to the overall picture, but the gap between BlackRock and the rest of the field remains wide.
August 2026 turned into something of a breakout month The $60.86 million day on August 5 was actually a relatively quiet moment compared to what followed later in the month.
From August 17 onwards, Ethereum ETFs went on a nine-to-ten day streak of consecutive net buying that totaled over $1.42 billion. Single-day inflow peaks exceeded $225 million during that run, making August 2026 the strongest month for Ethereum ETF inflows since August 2025.
On several trading sessions during August’s inflow streak, the gap between Ethereum ETF inflows and Bitcoin ETF inflows narrowed meaningfully.
What this means for Ethereum’s market structure Crossing $12 billion in cumulative net inflows in roughly 13 months is a milestone worth pausing on. These are not paper numbers or theoretical demand. Net inflows represent actual capital entering the wrapper after accounting for redemptions, meaning real money from real institutional accounts is sitting in these products right now.
There is also a product development dimension here. BlackRock has already filed for a second Ethereum product, ETHB, alongside its existing ETHA. Grayscale, which converted its existing Ethereum trust into a spot ETF, continues to offer both a higher-fee flagship product and a lower-cost mini trust variant.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In brief Sberbank's Anatoly Popov told TASS that Russian crypto trading could reach about 4 trillion rubles (~$46.43 billion) in the first year under new rules and roughly 7.5 trillion rubles (~$87 billion) by 2029. The bank plans to accept Ethereum and USDT as loan collateral alongside Bitcoin—"after the Central Bank, of course, allows them for public circulation.” The plans come as Russia's crypto law takes effect September 1. Russia's largest bank expects crypto trading to take off once the country's new digital asset rules take effect, and it's preparing to accept Ethereum and Tether's USDT as collateral for loans.
Sberbank Deputy Chairman Anatoly Popov told state news agency TASS that cryptocurrency trading volumes in Russia could reach as much as 4 trillion rubles, or about $46.43 billion, in the first year, and climb to roughly 7.5 trillion rubles, around $87 billion, by 2029.
Myriad: Bitcoin's next price move? Click to make your prediction.Popov described the projection as conservative, noting that a large share of transactions will keep flowing through crypto exchange services that bypass formal exchange trading, and that the market won't fully mature within a year since professional participants have until July 1, 2027, to obtain licenses.
Popov also laid out plans to broaden Sberbank's crypto-backed lending. "We plan to accept not only Bitcoin but also Ethereum and the stablecoin Tether as collateral," he told TASS, adding that the expansion would come only after the central bank permits those assets for public circulation.
The bank said it prepared early for the rule change and already has hands-on experience with digital assets, having run a Bitcoin-backed loan pilot with mining firm Intelion in December 2025.
The comments come as Russia's crypto framework takes effect September 1. In early August, President Vladimir Putin signed the law establishing rules for crypto trading, custody, and cross-border payments, while keeping a ban on using crypto to pay for goods and services domestically.
The Bank of Russia subsequently published a draft list of assets eligible for public trading, selected by market capitalization, trading volume, and at least five years of price history. Only Bitcoin, Ethereum and USDT made the cut, with tokens like XRP left off.
Myriad: Ethereum next price move? Click to make your prediction.The lending push reflects clear demand in a high-rate environment, where Russia's key interest rate stood at 14%. A crypto miner, for instance, that sells its coins gives up potential upside, while pledging them for credit keeps that exposure intact.
Sberbank has not disclosed loan-to-value ratios, interest rates, or a launch date, tying everything to approvals the central bank has yet to grant.
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In brief Sberbank's Anatoly Popov told TASS that Russian crypto trading could reach about 4 trillion rubles (~$46.43 billion) in the first year under new rules and roughly 7.5 trillion rubles (~$87 billion) by 2029. The bank plans to accept Ethereum and USDT as loan collateral alongside Bitcoin—"after the Central Bank, of course, allows them for public circulation.” The plans come as Russia's crypto law takes effect September 1. Russia's largest bank expects crypto trading to take off once the country's new digital asset rules take effect, and it's preparing to accept Ethereum and Tether's USDT as collateral for loans.
Sberbank Deputy Chairman Anatoly Popov told state news agency TASS that cryptocurrency trading volumes in Russia could reach as much as 4 trillion rubles, or about $46.43 billion, in the first year, and climb to roughly 7.5 trillion rubles, around $87 billion, by 2029.
Myriad: Bitcoin's next price move? Click to make your prediction.Popov described the projection as conservative, noting that a large share of transactions will keep flowing through crypto exchange services that bypass formal exchange trading, and that the market won't fully mature within a year since professional participants have until July 1, 2027, to obtain licenses.
Popov also laid out plans to broaden Sberbank's crypto-backed lending. "We plan to accept not only Bitcoin but also Ethereum and the stablecoin Tether as collateral," he told TASS, adding that the expansion would come only after the central bank permits those assets for public circulation.
The bank said it prepared early for the rule change and already has hands-on experience with digital assets, having run a Bitcoin-backed loan pilot with mining firm Intelion in December 2025.
The comments come as Russia's crypto framework takes effect September 1. In early August, President Vladimir Putin signed the law establishing rules for crypto trading, custody, and cross-border payments, while keeping a ban on using crypto to pay for goods and services domestically.
The Bank of Russia subsequently published a draft list of assets eligible for public trading, selected by market capitalization, trading volume, and at least five years of price history. Only Bitcoin, Ethereum and USDT made the cut, with tokens like XRP left off.
Myriad: Ethereum next price move? Click to make your prediction.The lending push reflects clear demand in a high-rate environment, where Russia's key interest rate stood at 14%. A crypto miner, for instance, that sells its coins gives up potential upside, while pledging them for credit keeps that exposure intact.
Sberbank has not disclosed loan-to-value ratios, interest rates, or a launch date, tying everything to approvals the central bank has yet to grant.
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The crypto market has posted sharp gains across Bitcoin and several major altcoins, but Cryptex Finance data covering 36 assets and roughly 92% of the digital asset market shows that capital remains heavily concentrated in Bitcoin and Ethereum despite prices rising across the market.
Summary
Cryptex’s 36-asset index gained just 1.92% over the trailing seven days, even as several major cryptocurrencies posted much larger gains from their recent lows. Joe Sticco said low price dispersion suggests cryptocurrencies are moving together rather than investors rotating capital between assets and sectors. Sticco said roughly nine out of every ten dollars entering regulated crypto products during one recent session went to Bitcoin and Ethereum. U.S. spot Bitcoin ETF inflows provide evidence of institutional demand, although Sticco said rising asset values should not be confused with fresh capital entering the funds. Cryptex Finance co-founder Joe Sticco told crypto.news that participation in the recent rally had spread across the market, but the allocation of capital had not followed at the same pace, leaving cryptocurrencies trading more like a single group than a market in which investors are selecting individual winners.
Cryptex’s market index stood at 1,199.69, almost 20% above the base level of 1,000 set on Feb. 20. The index tracks 36 assets across five sectors using Coinbase pricing, giving Sticco a larger sample than Bitcoin or a handful of major altcoins alone.
Over the trailing seven days, however, the index had risen only 1.92%. Sticco said the figure matters because much of the rally that produced large percentage gains from recent lows took place within roughly 72 hours between Aug. 19 and Aug. 21, followed by several days of relatively flat trading.
“Measure from the low, and you get a rally. Measure the trailing week, which is what most readers think they’re being told, and you get almost nothing,” Sticco said.
Bitcoin’s acceleration during that period followed a major derivatives flush alongside renewed spot demand. Earlier market coverage showed BTC jumping from below $65,000 to around $69,500 on Aug. 19 as more than $1 billion in crypto short positions were liquidated within an hour.
Crypto market gains show little separation between assets Price dispersion within Cryptex’s index provides another reason Sticco is reluctant to describe the rally as a full capital rotation.
On the day measured by Cryptex, the strongest constituent gained 6.71%, while the weakest declined 1.49%. Despite covering 36 cryptocurrencies from five sectors, the entire range between the best and worst performers amounted to roughly eight percentage points.
“That is not a market sorting winners from losers. That’s a market moving as one block,” Sticco said.
According to Sticco, such low dispersion indicates that a common market factor is lifting cryptocurrencies together instead of investors moving money between assets based on individual fundamentals.
Major tokens nevertheless produced very different headline returns when measured across the rally. Sticco put Bitcoin’s seven-day increase at roughly 14%, XRP’s at 28%, and Solana’s at about 19%.
Capital allocation did not match the apparent spread in price performance. Bitcoin dominance remained around 57% to 60%, depending on the market universe used, while Sticco cited an Altcoin Season Index reading below 40, far under the 75 level generally used by the index to signal an altcoin season.
Solana also remained more than 50% below its October 2025 level despite gaining about 19% during the week, according to Sticco.
“Participation broadened. Allocation didn’t,” he said.
Institutional flows remain concentrated in Bitcoin and Ethereum Regulated investment products give Sticco another way to separate rising cryptocurrency prices from the destination of new capital.
During one recent Wednesday session, Sticco said U.S. spot Bitcoin ETFs received about $232 million, while Ether ETFs attracted roughly $192 million. XRP products brought in around $28 million, compared with approximately $15 million for HYPE products and $9 million for Solana.
By his calculation, close to nine dollars out of every ten went into Bitcoin and Ethereum. Weekly figures showed a similar concentration, with Bitcoin receiving about 71% of flows and Ethereum another 26%.
The concentration comes even as U.S. spot products have helped support Bitcoin’s recovery. A previous report on ETF demand found that U.S. spot Bitcoin ETFs had taken in approximately $1.9 billion across five consecutive inflow sessions by Aug. 24, while analysts said continued spot buying would be needed after forced short covering helped accelerate the initial breakout.
Sticco said the subsequent streak had reached eight consecutive sessions of net Bitcoin ETF inflows totaling about $2.8 billion, while Ether ETFs had also recorded eight positive sessions and more than $1 billion in inflows.
August Bitcoin ETF inflows had exceeded $3 billion by the time of his comments, making it the strongest month of 2026, according to Sticco. He said BlackRock had absorbed a large portion of the demand, including around $1.3 billion during the previous week.
“Eight straight sessions of regulated spot creations is not what a short squeeze produces,” he said.
The ETF numbers, however, require another distinction when assessing how much new institutional money has entered Bitcoin.
Sticco said net assets held by the funds had climbed from roughly $77 billion in mid-August to just above $99 billion by Tuesday, an increase of about $22 billion. Actual net inflows during the eight-session streak totaled only around $2.8 billion.
Much of the difference came from Bitcoin’s rising price increasing the value of assets already held by the funds, he said, rather than investors supplying another $22 billion in fresh capital.
Earlier in August, five consecutive inflow sessions had brought approximately $853.5 million into U.S. spot Bitcoin ETFs between Aug. 3 and Aug. 7, reversing withdrawals recorded during the preceding week.
Sticco also cautioned against viewing August in isolation. He said spot Bitcoin ETFs lost roughly $5.4 billion during the first half of 2026 and remained about $2.5 billion in negative territory for the year despite the latest inflows.
ETF demand is clearer than derivatives positioning Separating institutional buying from leverage requires looking at different parts of the market, according to Sticco.
ETF flows and market depth measure demand, while funding rates, futures basis, and open interest give more information about trader positioning. Sticco said falling open interest alongside rising prices can indicate shorts are closing rather than new buyers entering.
He declined to characterize current open interest as either bullish or bearish because publicly available readings differed. Some datasets quote open interest in Bitcoin while others measure its dollar value, which can produce different trends when BTC itself moves sharply.
Market depth presents a similar problem. Sticco described depth as one of the most useful measures for institutional participation because it shows how much capital can enter or exit without materially moving the market.
“Price tells you what the last trade cleared at. Depth tells you what the next big one will cost.”
Available public depth figures were not current enough for Sticco to say confidently how much liquidity had recovered. He pointed instead to the damage following the October 2025 deleveraging event, when he said an estimated $10 billion to $20 billion in leveraged positions were erased and Bitcoin’s top-of-book depth on major venues fell more than 90% intraday.
Market makers subsequently reduced resting liquidity after getting caught with inventory while hedges were force-closed, according to Sticco, leaving order books at their thinnest since 2022.
For Sticco, the institutional side of crypto has therefore developed faster than the liquidity supporting the underlying market.
U.S. policy and Treasury conditions remain part of the rally Macroeconomic conditions have also played an important role in the latest advance, according to Sticco, who pointed to the U.S. Treasury’s Aug. 19 decision to increase long-dated debt buybacks as an important catalyst.
The Treasury doubled the maximum size of certain long-end liquidity support buybacks from $2 billion to at least $4 billion per operation. The Treasury announcement was followed by falling long-term yields and an 8.2% Bitcoin advance from an intraday low around $64,100 to approximately $69,500 in less than 12 hours.
Sticco said Bitcoin’s close relationship with software stocks during the move shows how crypto has become more connected to U.S. macro conditions. As interest-rate expectations later changed and short-term yields rose, Bitcoin surrendered some of the gains even though the legislative situation in Washington had not materially changed.
Congress presents another variable for U.S. investors. Sticco pointed to the CLARITY Act, which would establish a statutory division of responsibilities between the SEC and CFTC for parts of the digital asset market and create a federal framework affecting exchanges, brokers, dealers, and custody.
The Senate Banking Committee advanced the legislation 15-9 in May, with Democratic Sens. Ruben Gallego and Angela Alsobrooks joining Republicans. Sticco, who attended the markup as part of Cryptex’s policy work, said both Democrats made clear at the time that their committee votes did not guarantee support on the Senate floor without progress on unresolved provisions.
A Sept. 15 cloture vote requires 60 votes to move the legislation forward. Previous coverage of the negotiations identified ethics rules, stablecoin rewards, and financial-crime provisions among the issues still unresolved ahead of the procedural vote.
For regulated index products, Sticco pointed in particular to provisions covering CFTC registration of digital commodity exchanges, brokers, and dealers. Capital, asset-segregation, surveillance, and customer-protection requirements could increase the number of regulated venues capable of supporting assets used in exchange-traded products, he said.
Sticco also cited custody provisions and changes affecting financial holding companies as potentially important for institutions, while arguing that statutory classification of digital assets would give index providers more certainty than relying on agency interpretations that future regulators could change.
Policy expectations, however, have weakened even as cryptocurrency prices have risen. Sticco said Polymarket odds for the CLARITY Act becoming law in 2026 had fallen from roughly 82% in February to around 25% in late August, while Galaxy Research placed the probability closer to 10%.
The Sept. 15 vote will also fall on the first day of the Federal Reserve’s Sept. 15-16 meeting, leaving two major U.S. policy events scheduled within the same period.
Unresolved Senate negotiations include ethics and conflict-of-interest rules involving government officials, possible secondary enforcement authority for state attorneys general, illicit-finance provisions and banking-industry objections to crypto exchanges paying yield on stablecoin balances, according to Sticco.
The expansion is contingent on new crypto rules taking full effect and the Bank of Russia permitting the assets for public circulation.
Sberbank plans to accept bitcoin, Ethereum and the Tether stablecoin as loan collateral after the Bank of Russia permits the assets for public circulation and the country’s new crypto rules take full effect.
Anatoly Popov, deputy chairman of Sberbank’s management board, outlined the plan in an interview excerpt published by TASS. He said the bank would adapt its existing products to the new requirements and then expand its range of crypto-backed loans.
Popov separately said Sberbank was seeing demand from businesses, particularly miners and companies for which crypto represents a significant part of their assets. Their main request was to obtain liquidity without selling bitcoin, according to a second TASS excerpt.
Popov also said improved methods for valuing digital collateral could open the product to a broader group of clients.
Sberbank Has Tested Crypto CollateralSberbank has previously conducted a pilot transaction using crypto as loan security. In December 2025, the bank made a pilot corporate loan to Russian mining operator Intelion Data, with digital currency mined through the company’s own computing infrastructure serving as collateral, according to Intelion’s account.
The bank used its own crypto storage system and a Rutoken hardware device to safeguard the pledged asset during the loan. Popov said the pilot tested mechanisms for working with digital collateral that could support future regulation and be relevant to miners and other companies that own crypto assets.
The new statement adds a defined prospective asset list — bitcoin, Ethereum and Tether — but ties acceptance of all three to the central bank’s public-circulation decision and the implementation of the new rules.
Direct Regulation Replaced the Experimental RouteThe framework behind the proposed expansion is direct regulation, not the experimental legal regime discussed earlier in Russia’s policy process. In December 2025, the Bank of Russia said it had abandoned the experiment because it did not have time to run a trial and then spend additional years developing a permanent system.
The resulting law will take effect Sept. 1. The central bank said the regulated market infrastructure will include existing financial institutions as well as crypto exchanges and digital repositories, and that the requirements for cryptocurrencies will also apply to foreign stablecoins.
Russia will continue to prohibit crypto payments within the country. Market participants have a transition period through July 1, 2027, to obtain licenses and bring their operations into compliance.
Sberbank tied the planned collateral expansion to two conditions: all provisions of the new regulation taking effect and the Bank of Russia permitting bitcoin, Ethereum and Tether for public circulation.
Charles Schwab is expanding its crypto platform beyond Bitcoin and Ethereum, adding support for Solana, Avalanche, and Chainlink exposure, according to validated platform materials.
The move is notable because Schwab is not a crypto-native exchange. It is one of the largest brokerage names in US finance, and its product decisions can shape how traditional investors access digital assets.
The expansion suggests that regulated investor demand is moving beyond the two largest crypto assets.
Bitcoin and Ethereum remain the core institutional products. But Solana, Avalanche, and Chainlink are now being treated as liquid enough, recognizable enough, or strategically relevant enough to enter the next layer of brokerage crypto access.
For more details, visit the official Schwab platform.
TL;DR Charles Schwab is expanding crypto access beyond Bitcoin and Ethereum. Solana, Avalanche, and Chainlink are being added to the platform. The move should not be described as a spot ETF launch or custody approval unless Schwab’s materials say so. Why Schwab Matters Schwab brings traditional-market credibility.
When a major brokerage expands crypto access, it can lower the barrier for investors who do not want to use offshore exchanges, self-custody, or complex wallet setups. That matters because many investors prefer familiar account infrastructure.
Schwab’s move also helps normalize crypto as a broader asset class.
Bitcoin and Ethereum were the obvious starting points. Adding more assets suggests the platform sees demand for exposure beyond BTC and ETH.
That is a meaningful shift.
Solana, Avalanche And Chainlink Offer Different Narratives The three added assets are not interchangeable.
Solana is a high-throughput smart contract network with a large retail and DeFi ecosystem. Avalanche has focused heavily on subnets, institutional deployments, and tokenized asset infrastructure. Chainlink provides oracle and cross-chain data services used across many crypto applications.
Together, they give investors exposure to different parts of the digital asset market.
That may be the point. A broader platform can let investors express views on smart contracts, tokenization, infrastructure, and cross-chain data rather than only holding the two largest assets.
Not The Same As ETF Approval The distinction is important.
Platform support does not mean the SEC has approved spot ETFs for all three assets. It does not necessarily mean Schwab is offering direct custody in every possible sense. The exact product structure matters.
Investors need to understand whether they are trading spot crypto, accessing exposure through a specific wrapper, or using another product type.
The headline is access expansion. The details determine what kind of access.
Brokerage Distribution Could Shape Altcoin Demand If major brokerage platforms keep expanding crypto menus, the altcoin market could change.
Many investors currently access smaller crypto assets through exchanges. Brokerage access could bring a different kind of buyer: retirement-account investors, advisory clients, portfolio allocators, and retail traders who prefer traditional platforms.
That may increase liquidity and visibility for supported assets.
But it may also create a sharper divide. Assets supported by major brokerages could gain legitimacy, while unsupported tokens may remain more purely crypto-native.
The Clean Read Schwab’s expansion is another sign that crypto access is moving into mainstream financial platforms.
Bitcoin and Ethereum are no longer the whole conversation. Solana, Avalanche, and Chainlink are being pulled into the next wave of brokerage-supported digital asset exposure.
The move does not settle regulatory questions. It does not guarantee demand. It does not turn every altcoin into an institutional asset.
But it does show that one of the biggest names in brokerage is willing to widen the digital asset menu.
That matters for the market’s next phase.
This article is based on Charles Schwab platform materials and related public information.
This article was written by the News Desk and edited by Samuel Rae.
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are retreating from their recent highs, but experienced trader DonAlt says the first pullback after the explosive rally has yet to invalidate the bullish market structure.
Why Crypto Can Go "Sideways/Up"“Nothing’s really changed,” DonAlt said in a podcast on Aug. 29, noting that BTC’s weekly chart has barely deteriorated following one of its strongest recent upside impulses.
He argued that traders calling for an immediate return toward $70,000 to $72,000 may be overlooking the importance of momentum.
DonAlt expects Bitcoin to move "sideways slash up" unless reclaimed support breaks, with a deeper pullback likely leading to prolonged consolidation.
Trending
The $75,000 to $76,000 region represents Bitcoin’s first significant test.
Bitcoin could still retreat toward around $72,000 to $73,000 without destroying its weekly structure, according to DonAlt.
However, a monthly close below roughly $73,000 would be a more significant warning that the rally was simply a bounce into resistance.
Ethereum’s $4,000 Target, Solana Breakout IntactDonAlt is even more constructive on Ethereum, calling its technical structure one of the strongest among major cryptocurrencies.
"The more I look at this, the more bullish it seems to me," he said.
The trader sees $2,300 as key Ethereum support, with a break potentially leading to $2,100-$2,200 and extended consolidation. If $2,300 holds, he sees the breakout intact with $4,000 as a potential target.
On the other hand, Solana surged out of its previous range and approached DonAlt’s $125 target before pulling back. Despite the retreat, it remains above its important breakout region around $96.
A return below that area would weaken the setup, while the larger bullish thesis would face a more serious challenge closer to $80 to $81.
He highlighted Solana’s recent shift from a low to a higher low followed by a sharp upside impulse as materially different from its behavior during the preceding bear market.
Ran Neuner, a closely followed analyst in the cryptocurrency market, has made a noteworthy prediction for the altcoin market. Neuner believes that a new altcoin supercycle may be starting in the market following the break of a technical trend that has been ongoing for approximately nine years.
Recently appearing on The Wolf of All Streets program, Run Neuer specifically discussed the Ethereum/Bitcoin (ETH/BTC) pair, stating that the technical breakout in this pair could be a significant signal for the altcoin market.
Nine-Year Trend Broken on the Ethereum/Bitcoin Front! The analyst’s assessment of the altcoin cycle centers around the ETH/BTC chart.
At this point, the analyst notes that the ETH/BTC pair has significantly broken its downtrend, which has lasted for about nine years. According to Neuner, this development indicates that the long-term weakness of altcoins against Bitcoin may be beginning to end.
“On the weekly chart, after a 9-year downtrend, we are now seeing an upward breakout.”
Altcoin Opportunity May Be Bigger Than Bitcoin’s! The analyst notes that altcoins may have higher return potential following Bitcoin’s rise.
In this context, the analyst argues that the recent movement in Bitcoin could be the beginning of a new bull market, but the real high-yield opportunity may lie in altcoins.
He Revealed the Altcoins He Owns! The analyst first argues that in the new era, investors should focus not only on projects that were popular in the past, but also on blockchain projects that have real use cases and a growing user economy.
At this point, Neuer states that he holds Bitcoin, Ethereum, Solana, Hyperliquid, and several other altcoins.
Neuer also highlighted some altcoins. He specifically named Solana and Ethereum as the two winners of the L1 battle, stating, “I wouldn’t invest in any other L1 because I don’t think there’s any upside potential in L1s.”
The analyst also cited Hyperliquid, an altcoin, as one of the strongest active use cases in the crypto world, stating that he directly holds it due to its token economy and exchange functionality.
Neuer’s boldest individual opinion focuses on Zcash, a privacy-focused cryptocurrency that recently gained ETF support. He argued that Zcash could become a dominant form of private money.
Neuer said, “I think Zcash has the potential to go up 10 times, maybe even 100 times, from here.”
The analyst also highlights altcoins such as Lighter (LIT – his second-highest choice in the perpetual trading space), Bittensor (TAO – viewed as an AI investment in crypto), NEAR Protocol (NEAR – held due to its privacy connection with Zcash), and Ethena (ENA – included in his portfolio based on his stablecoin and bull market thesis).
*This is not investment advice.
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Monero ($XMR) has posted its strongest monthly performance in more than four years, gaining over 45% in August 2026 and rising roughly 10% in a single 24-hour window. The last time the privacy-focused cryptocurrency delivered a comparable monthly gain was April 2021.
THORChain 3.20 Brings Native XMR Swaps The rally coincides with a significant protocol upgrade from THORChain. The timing matters:
That is a notable shift for Monero holders in particular.
Derivatives Market Signals Strong Demand The price action has been accompanied by a sharp move in derivatives markets. during the move, a dynamic that can amplify upward price momentum as bearish bets are forcibly closed.
The THORChain upgrade offers a structural reason for renewed interest beyond short-term speculation. A decentralized, non-custodial alternative for XMR swaps could help sustain demand if that trend continues.
According to DefiLlama data, Robinhood Chain’s 24-hour DEX trading volume hit ~$1.33 billion, marking four consecutive days of new all-time highs for daily volume. Its 7-day trading volume stood at ~$6.16 billion, with a week-over-week growth of roughly 79%. The $1.33 billion daily volume outpaced concurrent figures from Ethereum Mainnet ($993 million), BNB Chain ($962 million), and Base ($881 million), ranking second only to Solana ($1.86 billion). Notably, Robinhood Chain’s DeFi TVL is just $725 million—roughly 13% of Solana, Base, and BSC’s respective TVLs, and around 1.5% of Ethereum’s. However, driven by high meme coin trading activity, Robinhood Chain generated $1.07 million in chain fees over the past 24 hours, equal to the combined fees of Ethereum ($362,000) and Solana ($677,000) in the same period, making it the highest-fee chain across the network (excluding application layers). According to DefiLlama’s retained revenue calculations based on on-chain economic models, Robinhood Chain’s 24-hour revenue reached $963,000, far exceeding Ethereum ($70,000), Solana ($84,000), BSC ($44,000), and Base ($93,000)—three times the combined revenue of these other major public chains. This does not mean Robinhood’s overall ecosystem revenue has surpassed Solana or Ethereum, as DefiLlama’s on-chain revenue metric only measures network-level income. Robinhood Chain’s outlier revenue is essentially a result of the meme coin trading boom combined with its L2 sequencer economic model. Unlike Ethereum, Solana, BSC, and other chains, Robinhood Chain retains most user gas fees after covering Ethereum data costs and Arbitrum royalty splits, so network-level revenue is rapidly amplified when high-frequency meme coin trading surges.
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Three changes just hit the 21Shares Ethereum ETF and its four sister funds for Bitcoin, XRP, Dogecoin, and Polkadot. New SEC filings show new fund names, a new pricing source, and a new fee schedule.
Holders keep the same shares. Behind the label, however, the products start working differently on Thursday.
The three changes hitting 21Shares’ five US crypto funds this week. Source: BeInCryptoStaking Moves Into the Ethereum ETF’s NameStart with the names. On August 25, 21Shares renamed two funds in Delaware. The 21Shares Ethereum ETF became the 21Shares Ethereum Staking ETF. The Polkadot (DOT) fund became the 21Shares Polkadot Staking ETF. Five 8-K filings published this week confirmed the changes.
Not every fund got a new name. The Bitcoin (BTC) fund, run with Cathie Wood’s ARK Invest, stays ARKB. The XRP and Dogecoin (DOGE) funds keep their names too.
The Ethereum fund has staked its ether since earlier this year and publishes a reward schedule. So the rename changes the label, not the machine. Yield is now the headline feature, written into the product’s legal name.
That label matters because the yield race is crowding fast. BlackRock launched a separate staked fund, ETHB, on February 18. Its original spot fund, ETHA, still does not stake. Fidelity went further on August 10. It filed to stake FETH’s ether and pay holders quarterly cash. Investors keep 85% of those rewards, while fees take the rest.
Big money has noticed. Intesa Sanpaolo, Italy’s largest bank, cut its Bitcoin fund stake by 94% last quarter and tripled its staked-Ethereum position. Recent flow data tells the same story. Buyers are chasing yield over price.
New FTSE Pricing and Quarterly Fees Land ThursdayThe second change is the price feed. From Thursday, August 27, all five funds will value shares using FTSE indices. FTSE Russell is the London Stock Exchange Group arm behind the Russell 2000.
The switch follows 21Shares ending its CF Benchmarks license. Those CME-branded rates expire for the funds on August 31.
That is a quiet break from an industry standard. CF Benchmarks’ rates still anchor IBIT, BlackRock’s giant Bitcoin fund. Even ETHB, BlackRock’s staked fund, prices against a CME CF rate. The benchmark sets each fund’s daily net asset value, so the switch touches every holder’s statement.
The third change is fees. 21Shares will now collect its sponsor fee at least quarterly instead of weekly. Payment stays in coins, from Bitcoin to DOT.
One caution belongs next to the shiny new names. Staked ether can take weeks to exit a crowded withdrawal queue, a gap raised around Morgan Stanley’s Ethereum ETP. Thursday’s flows will show whether yield on the label wins the money.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Ethereum developers have issued an alert for L1 contract users on the ETH mainnet as the Glamsterdam upgrade progresses.
In a recent post, the Ethereum Foundation gave a heads-up for anyone maintaining L1 contracts ahead of the Glamsterdam upgrade scheduled for Q4 2026.
Heads-up for anyone maintaining L1 contracts:
→ The Glamsterdam upgrade will include gas repricings (EIP-8037, EIP-8038) that shift state creation and access costs.
→ Most contracts are unaffected, but a small set may break or degrade without updates. Affected contracts rely on…
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— Ethereum Foundation (@ethereumfndn) August 25, 2026 The Glamsterdam upgrade will include gas repricings (EIP-8037, EIP-8038), which will shift state creation and access costs.
While most contracts are unaffected, Ethereum developers warn that a small set may break or degrade without updates. Affected contracts rely on assumptions that the new schedule changes, such as hardcoded gas values.
EIP-8037 and EIP-8038, both anticipated for inclusion in the Glamsterdam upgrade, will modify the cost of creating and accessing state, allowing gas costs to better reflect the actual work required for each operation.
Replaying historical mainnet transactions under the new schedule reveals that a tiny set of smart contracts rely on assumptions the new schedule shifts, potentially causing these contracts to break or degrade without preventative upgrades.
The bulk of highlighted concerns are resolved with an increase in the gas limit, and the large majority of smart contracts remain unaffected, while direct outreach to the most-affected builders is already underway.
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Gas prices for state operations were last adjusted in the Berlin fork in 2021, following which Ethereum's state has grown significantly.
Repricing state operations to reflect their actual cost is a prerequisite for increasing the gas limit further. The new schedule is derived from a performance target that supports roughly a 3x increase in base throughput.
About GlamsterdamEthereum's upcoming Glamsterdam upgrade aims to pave the way for the next generation of scaling. Glamsterdam is named from the combination of "Amsterdam" (execution layer upgrade) and "Gloas" (consensus layer upgrade).
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Following the Fusaka upgrade, Glamsterdam focuses on scaling the L1 by reorganizing how the network handles transactions and manages its huge database, substantially changing how Ethereum generates and verifies blocks.
Ethereum’s next big upgrade is Glamsterdam, currently planned for Q4 2026. It includes protocol changes designed to make larger blocks easier to process and prepare Ethereum for substantially higher L1 throughput. Ethereum developers have identified a post-upgrade gas limit around 200 million as a target, compared with 60 million today.
What makes this upgrade so important? Ethereum by far has the largest developer base in the blockchain space, but its speed and cost still lag.
With on-chain activities exploding across every vertical, high-performance chains have become serious destinations for trading, payments and consumer applications.
Heads-up for anyone maintaining L1 contracts:
→ The Glamsterdam upgrade will include gas repricings (EIP-8037, EIP-8038) that shift state creation and access costs.
→ Most contracts are unaffected, but a small set may break or degrade without updates. Affected contracts rely on…
— Ethereum Foundation (@ethereumfndn) August 25, 2026 More Usable L1 Capacity Federico Variola, CEO of Phemex, sees decentralized trading as one of the areas where Ethereum’s next steps could prove particularly important.
“As regulators are increasingly forced to engage with decentralized exchanges such as Hyperliquid, it will be very important for Ethereum to remain decentralized while also offering a reasonable level of speed and avoiding high costs.”
Applications such as decentralized exchanges place unusually heavy demands on blockchains because users expect fast execution, deep liquidity and costs low enough to support frequent transactions.
Ethereum has addressed much of this demand through Layer 2 networks. Variola describes the results as mixed.
“There has been meaningful progress, but there have also been many failures over the past few years, and these have drained a significant amount of capital and activity from the Ethereum ecosystem.”
Ethereum already doubled its gas limit from roughly 30 million in early 2025 to 60 million following successive protocol improvements. Developers are now preparing the network for another much larger increase.
Variola believes decentralized exchanges could become an important measure of whether this effort succeeds.
“For ETH, I think the next major battle will be creating the conditions for decentralized exchanges to flourish, especially as regulators begin engaging more seriously with these instruments.”
The challenge is therefore to turn higher capacity into consistently faster and cheaper execution while keeping validator requirements accessible.
The Hardware Problem of Higher Throughput Increasing Ethereum’s gas limit creates an obvious engineering hurdle. Bigger blocks give applications more execution capacity, while validators need enough computing power to process those blocks within Ethereum’s fixed slot times.
Ethereum itself identifies validator hardware as one of the constraints on L1 throughput. Increasing the amount of work contained in each block can eventually price smaller operators out of running nodes, concentrating validation among professional operators with more powerful machines.
Glamsterdam attacks the problem from several directions:
Block-Level Access Lists (EIP-7928) give clients advance information about which accounts and storage locations a block will touch, allowing more disk reads, transaction processing and state calculations to happen in parallel; Enshrined proposer-builder separation (ePBS) reorganizes how blocks are constructed and validated. Combined with Block-Level Access Lists, it is intended to help Ethereum process more data on L1 without increasing validator workloads as sharply; State-growth controls (EIP-8037) change the economics of creating a permanent state. Developers are targeting roughly 120 GiB of annual state growth even if the gas limit rises toward 200 million, helping keep node operation within reach of ordinary hardware; Longer-term zkEVM verification could allow validators to verify cryptographic proofs instead of re-executing every transaction, reducing the computational burden of higher throughput. In short, Ethereum’s L1 scaling effort depends on making execution more efficient.
🔥 Ethereum’s next upgrade could be much bigger than most people realize.
The upgrade is called Glamsterdam, and after a week-long core developer workshop in Svalbard, Ethereum contributors aligned on a bold target:
A 200M gas limit floor after Glamsterdam.
That number… pic.twitter.com/ojnbNITqjY
— Ethereum Daily (@ETH_Daily) May 5, 2026 The Role of Rollups on a Faster Ethereum A stronger base chain also changes the calculation facing applications that currently launch on rollups or their own chains.
Fernando Lillo Aranda, CMO at Zoomex, expects some applications to reconsider where they deploy as L1 economics improve.
“Stronger Layer 1 performance would certainly reduce some of the pressure that originally drove the adoption of rollups and app-specific chains. If the base layer becomes faster, cheaper, and more scalable, some applications may decide that deploying directly on the L1 offers a simpler and more efficient user experience.”
Direct L1 deployment removes several complications associated with operating across separate execution environments. Applications can access Ethereum liquidity and composability without asking users to move assets between networks or manage different chains.
Yet rollups provide capabilities that raw throughput alone cannot replace.
“Rollups and app-specific chains were not built solely to solve scalability – they also provide customization, dedicated execution environments, lower latency, and greater control over fees, governance, and application design,” Aranda said.
Ethereum’s roadmap still invests heavily in rollup capacity. PeerDAS and continued blob expansion increase the amount of data Ethereum can make available to L2 networks, allowing the base chain and rollups to expand together.
The likely result is a wider choice of deployment models. Applications that value maximum Ethereum composability may find L1 increasingly attractive, while high-frequency products and applications requiring custom execution can continue using rollups or dedicated chains.
Aranda sees those systems as complementary.
“A faster and more efficient base layer strengthens the entire ecosystem, while rollups and app-specific chains continue to deliver the flexibility and specialization that many applications and users require.”
Competition Has Grown Ethereum’s competition for developer attention is sometimes described more dramatically than the data supports.
Electric Capital’s live developer tracker currently records roughly 7,600 monthly active developers in the Ethereum ecosystem, compared with around 2,300 on Solana. Across the wider EVM ecosystem, the figure reaches approximately 10,000.
Ethereum therefore retains a substantial lead.
The competitive environment around those developers has changed considerably. Builders now have several established destinations offering inexpensive execution, high throughput and sizable user bases. Choosing Ethereum increasingly involves weighing its liquidity, security and developer ecosystem against execution characteristics available elsewhere.
Glamsterdam addresses this competition. Ethereum already has capital, applications, tooling and one of crypto’s deepest developer communities. Increasing L1 capacity gives those advantages a faster execution environment underneath them.
TLDR ETH is trading near $2,501 with RSI at 76 and Stochastic above 90, both flashing overbought conditions. The MACD histogram is sitting exactly at zero, showing momentum has stalled after a strong run. Retail traders are 70.3% long while top traders are only 57.4% long, a gap between crowd and smart money. A pullback to the $2,426–$2,463 support zone is seen as the most likely move over the next 5–10 days. Resistance sits at $2,552–$2,604, and clearing it opens the door to the upper Bollinger Band near $2,731. Ethereum is trading around $2,501 after a strong climb, but the chart is now showing signs of running out of short-term steam. Every major moving average sits below the current price, which keeps the broader trend intact.
The 50-day moving average is at $1,994 and the 200-day is at $2,019. Both are well under the current price, confirming the longer-term structure remains upward.
Shorter-term momentum readings tell a different story. The MACD histogram is printing exactly zero, which means buying and selling pressure are currently balanced.
The RSI is at 76, and the Stochastic %K is above 90. Both of these are classic overbought readings, suggesting buyers may be tired for now.
ETH is also trading in the upper two-thirds of its Bollinger Band, with the upper boundary at $2,731. There is room to climb, but a pause or dip often comes first in this kind of setup.
The next resistance band sits between $2,552 and $2,604. ETH would need fresh buying pressure to push through that zone without a pullback first.
Ethereum Price on CoinGecko Trader Positioning Diverges Retail traders are heavily positioned long, with 70.3% of the market betting on higher prices. Top-tier traders are less aggressive, sitting at 57.4% long.
That gap between retail and larger traders is worth watching. It suggests the crowd is more confident than the more experienced side of the market right now.
Buy and sell volume on the taker side are nearly split evenly. This means neither side is aggressively pushing price in one direction at the moment.
Open interest has grown 2.12% over the past 24 hours, reaching $6.1 billion. The funding rate is low at 0.0021%, which points to a calm rather than overheated market.
Possible Price Paths The most likely scenario, given a 65% probability, is a pullback into the $2,426–$2,463 range over the next 5 to 10 days. If that zone holds, the path toward $2,552 and eventually $2,731 stays open over the following 20 to 30 days.
A second scenario, with 35% probability, has ETH pushing straight through $2,552–$2,604 without a dip first. This would likely require a broader market catalyst, such as Bitcoin strength or new regulatory news.
The key level to watch is $2,426. A daily close below that would break the current uptrend structure, with the next support cluster near $2,166.
As of the latest one-minute reading, ETH was trading at $2,490.08, down 0.05% on the day.
Cardano founder Charles Hoskinson says the network will “win this fight,” as ADA rebounds 26% and criticism of the ecosystem grows louder. He also revealed that cooperation with Ethereum developers could produce a working integration within months.
The comments offer Hoskinson’s clearest answer yet to claims that Cardano is losing relevance.
Hoskinson Pushes Back Against Cardano CriticsDuring a recent interview on The Breakdown with David Gokhshtein, Hoskinson addressed mounting criticism of Cardano’s ecosystem directly.
That criticism has intensified following ADA’s sharp decline from previous market highs, alongside ongoing governance disputes and struggles affecting some ecosystem projects. Some observers have questioned whether Cardano can maintain its position among leading crypto networks.
“It’s 2026, and we’re still talking about Cardano. We’re still inviting Charles to conferences, treating Cardano as newsworthy, accepting its sponsorship money, and giving it airtime on podcasts. Then we wonder why this industry struggles for credibility. We deserve the reputation we have. No serious industry keeps rewarding irrelevance like this,” ARK Invest’s Lorenzo Valente previously noted on X.
Hoskinson rejected that narrative, continuing to encourage the community to focus on the network’s long-term potential rather than short-term price action. He has previously stated his ambition for ADA to eventually become the largest crypto by market cap.
“Don’t bet against me, we’re gonna win this fight,” Hoskinson said, responding to questions about the network’s ability to recover and compete going forward.
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ADA price performance offered some support for his optimism. The altcoin gained roughly 26% over the last week, according to BeInCrypto data.
Beyond price action, Hoskinson pointed to concrete development work underway.
Ouroboros Leios aims to significantly increase Cardano’s transaction-processing capacity, while Hydra remains a key Layer-2 initiative designed to support faster, more efficient transactions as the network competes with Ethereum and Solana on scalability and adoption.
ADA Price Chart. Source: BeInCryptoCardano Founder Backs Collaboration With EthereumAfter years of rivalry, Hoskinson said Cardano and Ethereum developers should work together. He wants Ethereum to explore Cardano’s UTXO-based technology, which changes how transactions and smart contracts are processed.
He said the collaboration would require no funding or apologies over past disputes and could produce a working integration within months.
“… it’s not like we would just be like no we don’t want to work with you. We’d be actually that’s great for both ecosystems. This is a natural easy academic and engineering collaboration which requires no transfer of money, no apologies, just an acknowledgement and just an desire to work together,” Cardano founder noted.
For Cardano, such cooperation could give its technology a much larger stage. It would also help Cardano connect more closely with Ethereum and show that ideas developed within its ecosystem can have value beyond ADA’s price.
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Arthur Hayes, closely followed for his statements and predictions in the cryptocurrency market, made noteworthy assessments for Bitcoin and Ethereum, as well as Ethereum (ENA) and Ether.fi (ETHFI). Hayes argued that a new bull market has begun and stated that Maelstrom is taking maximum risk on all four assets.
Arthur Hayes, who stated that he expects a major rise in cryptocurrencies, argues that Bitcoin is poised for a parabolic increase.
In a recent interview on the Altcoin Daily YouTube channel, Hayes claimed that Bitcoin is likely to soon experience a full parabolic rise, and therefore now is the right time to hold the asset.
Hayes added that Bitcoin would quickly reach “hundreds of thousands of dollars” and that anyone worried about the Fed’s control over bond yields should own Bitcoin now.
Highlighting ENA! Hayes, who stated that he is optimistic about altcoins as well as Bitcoin, noted that base trading, which profits from the price difference between spot and futures markets, is beginning to revive, and said that this is a positive signal for the crypto market.
However, Hayes noted that interest rates are still too low.
Hayes stated that the reactivation of base trading could be particularly positive for Ethereum (ENA) and that ENA still holds significant upside potential.
In his latest blog post, Hayes stated that the Maelstrom fund is also in maximum risk mode and shared the altcoins in their portfolio.
“Bitcoin, Ethereum, Ethena and Ether.fi”
FLOP is an Important Part of a Blog Post! Hayes also dedicates a significant portion of his latest blog post to his new project, Flop Network.
They state that there is no pre-sale for FLOP, the token cannot be purchased, and useful activities on the testnet are required for the airdrop.
“…I repeat: there is no pre-sale. You cannot buy FLOP. Only those who participate in beneficial ways are eligible. Stay tuned for more information about the airdrop…”
Therefore, FLOP should not yet be considered an existing market position like ENA or ETHFI. Hayes positions it more as a new project to be established at the beginning of a new bull market.
*This is not investment advice.
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The crypto market will welcome tokens worth around $1.5 billion in the first week of September 2026. Major projects, including Hyperliquid (HYPE), Ethena (ENA), and Sui (SUI), will release significant new token supplies.
These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch.
1. Hyperliquid (HYPE)
Unlock Date: September 6
Number of Tokens to be Unlocked: 9.92 million HYPE
Released Supply: 464.91 million HYPE
Total Supply: 1 billion HYPE
Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain. It offers high-performance trading with low latency, on-chain order books, and sub-second transaction finality.
On September 6, the team could unlock 9.92 million tokens worth $797 million. Tokenomist noted that this is a long-range estimate. The tokens account for 2.37% of the released supply.
HYPE Crypto Token Unlock in September. Source: TokenomistThe team has allocated the unlocked supply to core contributors. Tokenomist pointed out that HYPE has historically claimed far fewer tokens than its projected unlock amounts.
2. Sui (SUI)
Unlock Date: September 1
Number of Tokens to be Unlocked: 13.53 million SUI
Released Supply: 4.08 billion SUI
Total supply: 10 billion SUI
Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications (dApps). It also distinguishes itself with an object-centric data model and the Move programming language, which seeks to address inefficiencies in existing blockchain architectures.
On September 1, the network will release 13.53 million SUI into the market, continuing its trend of cliff unlocks at the beginning of the month. The tokens are worth $9.73 million. Moreover, they represent 0.33% of the current released supply.
SUI Crypto Token Unlock in September. Source: TokenomistThe network will split the unlocked altcoins 3 ways. Early Contributors will gain 7.47 million tokens. In addition, Community Reserve will receive 4 million tokens. Lastly, Mysten Labs Treasury will get 2.07 million SUI.
3. Ethena (ENA)
Unlock Date: September 2
Number of Tokens to be Unlocked: 40.63 million ENA
Released Supply: 8.9 billion ENA
Total Supply: 15 billion ENA
Ethena is a synthetic-dollar protocol built on Ethereum (ETH). Its flagship product is USDe, a synthetic-dollar stablecoin. Furthermore, ENA is the protocol’s governance token.
The team will release 40.63 million ENA tokens on September 2. The tokens, worth $6.05 million, account for 0.46% of the released supply.
ENA Crypto Token Unlock in September. Source: TokenomistEthena will award the entire supply to the Foundation.
In addition to these three, EigenCloud (EIGEN), Gunz (GUN), and GoPlus Security (GPS) will also experience new supply entering the market in the first week of September.
Robinhood Chain recorded $2.66 million in application revenue over 24 hours on Aug. 31, according to a rolling DeFiLlama dashboard.
Summary
Robinhood Chain recorded $2.66 million in rolling daily app revenue during the cited DeFiLlama snapshot. That snapshot placed Robinhood Chain above Hyperliquid, Ethereum and Base for aggregated application revenue temporarily. GMGN, Pons and Uniswap generated approximately 93% of Robinhood Chain’s measured daily application revenue combined. Rolling twenty-four-hour figures change continuously as new activity enters and older transactions leave calculation windows. App revenue measures earnings retained by protocols, not revenue received directly by Robinhood’s corporate business. The reading placed the network above Hyperliquid L1 at $1.71 million, Ethereum at $1.57 million and Base at approximately $439,252. Robinhood Chain’s total was roughly 6.1 times Base’s figure during the same snapshot.
The dashboard had shown lower totals earlier in the day. That difference reflects the rolling measurement window rather than a correction or separately reported financial result.
Robinhood Chain app revenue led the snapshot DeFiLlama’s dashboard aggregates revenue retained by applications operating on each network. Its Robinhood Chain reading increased 201% from the previous week and reached $23.23 million over 30 days.
Roobinhood chain, source: DefiLlama’ However, the 30-day comparison presented a different ranking. Hyperliquid L1 recorded $53.6 million, while Ethereum generated $52.03 million. Robinhood Chain therefore led the daily snapshot but remained behind both networks over the longer period.
The comparison also does not mean Robinhood Markets earned more revenue than Ethereum or Hyperliquid. Application revenue belongs to individual protocols and may include several measurement methods, depending on how each service collects fees.
Three applications generated about 93% of revenue GMGN led Robinhood Chain applications with approximately $1.11 million in 24-hour revenue. DeFiLlama defines that figure as trading fees retained by GMGN after referral commissions. Its EVM referral deduction is partly estimated using the rate measured on Solana.
Pons followed with approximately $1.03 million. Its total includes launch fees and portions of swap fees retained by the protocol. Uniswap ranked third with about $327,707.
Together, the three applications generated nearly $2.47 million, equivalent to approximately 93% of Robinhood Chain’s reported total. The concentration shows that the daily result depended heavily on trading bots, token launches and decentralized exchange activity.
Pons has been expanding its Robinhood Chain presence through an ETH-based bonding curve and Uniswap v4 integration
App revenue differs from blockchain revenue Application revenue measures fees retained by protocols after payments to liquidity providers, referrers or other participants. It differs from gross user fees, transaction volume and revenue retained by the underlying blockchain.
DeFiLlama separately estimated Robinhood Chain’s own 24-hour revenue at about $963,612. Its definition covers transaction gas fees after Ethereum execution costs, blob costs and the Arbitrum Expansion Program share.
The distinction matters because Robinhood Chain is an Ethereum-compatible Layer 2 built with Arbitrum technology. Robinhood launched its public mainnet on July 1 for tokenized assets and decentralized financial applications.
Uniswap became one of its main liquidity venues at launch. In related coverage, crypto.news reported that cumulative tokenized-stock trading through Uniswap had surpassed $1 billion by Aug. 21.
Longer data will test whether the lead continues Robinhood Chain would need to maintain stronger seven-day and 30-day results before the daily reading could indicate a sustained change in network rankings. Daily revenue can rise sharply during token launches or periods of concentrated speculative trading.
Future assessments should examine whether revenue spreads across more applications, whether active users continue returning and whether transaction activity persists without short-term incentives. GMGN and Pons currently account for most of the total, making the network sensitive to changes in either platform.
The earlier $1.84 million reading and the later $2.66 million total demonstrate how quickly a rolling dashboard can change. Articles comparing networks should therefore identify the measurement time and avoid presenting the figure as a completed financial period.
Less than two months after its public mainnet launch, Robinhood Chain generated $2.66 million in app revenue over a single 24-hour period on August 30, placing it second only to Solana among decentralized finance platforms. That figure topped both Hyperliquid L1, which brought in $1.7 million, and Ethereum, which managed roughly $1.27 to $1.28 million in the same window.
Where the money came from Three applications accounted for approximately 88% of Robinhood Chain’s daily revenue haul. GMGN led the pack at $1.11 million, followed by Pons at $930,587 and Uniswap at $306,877.
GMGN and Pons are memecoin-focused trading tools. Uniswap’s presence at a distant third suggests that while established DeFi protocols are active on the chain, the real revenue engine right now is meme-driven trading volume. Analysts note the trajectory for RWA engagement is still developing, with current revenue largely driven by memecentric trading activities rather than substantive RWA use cases.
The economics of keeping fees in-house Robinhood Chain retains roughly 89% of the fees generated within its network. About 10% flows to the Arbitrum ecosystem, and less than 2% trickles down to Ethereum for settlement and data availability.
Two months in, early metrics look aggressive Robinhood Chain launched its public mainnet on July 1, 2026, built as an Ethereum Layer 2 using Arbitrum Orbit technology. In the weeks since, the chain has racked up over $3 billion in DEX volume and attracted a rapid inflow of bridged assets.
Robinhood has positioned the network as a home for tokenized stocks, stablecoin products, and onchain lending integrations. Real-world asset engagement remains in its early stages, with current revenue overwhelmingly driven by speculative trading activity rather than those RWA use cases.
What this means for the Layer 2 landscape Ethereum’s daily revenue landing below $1.3 million while one of its own Layer 2s pulled in more than double that amount illustrates one of the most debated dynamics in modular blockchain design. Robinhood Chain retaining nearly 90% of generated fees within 60 days of launch raises direct questions about Ethereum’s economic model, given the base layer captures less than 2% of the value flowing through its ecosystem.
Having a high-profile chain like Robinhood’s built on Orbit technology and sending 10% of fees back to the Arbitrum ecosystem validates the Orbit framework as a viable path for institutions looking to launch their own chains without building from scratch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood’s L2 network is no longer just a talking point. Robinhood Chain recorded $2.66 million in app revenue over a single 24-hour window on August 31, per DeFiLlama data.
That put it ahead of Hyperliquid L1 ($1.70M) and Ethereum ($1.28M). Only Solana, at $5.07 million, ranked higher.
For HOOD investors tracking the company’s on-chain bet, that number carries weight.
Three Apps Drove 88% of the Revenue The figures are not distributed evenly across the chain. Three protocols did most of the work. GMGN, a Telegram trading bot, led with $803K.
Pons, a launchpad and swap platform native to the chain, contributed $632K. Uniswap added $235K, its fee switch on Robinhood Chain went live on July 27, 2026.
Together, these three apps made up roughly 88% of all app revenue on the chain that day.
That concentration is a double-edged point. It shows the chain can attract high-fee activity. It also shows that the revenue base is still narrow.
GMGN and Pons draw memecoin and launchpad flow, not the tokenized stock plumbing Robinhood has spent months pitching publicly.
Robinhood CEO Vlad Tenev acknowledged as much in a July X post, writing that the chain “works great for memes too.”
Separate from app revenue, the chain itself netted $495K in gas revenue, after subtracting Ethereum L1 costs and the 10% Arbitrum Expansion Program share (8% to the Arbitrum DAO treasury, 2% to developer guild).
The Arbitrum Foundation collected $44K from the chain that day. That split matters for HOOD holders: the chain’s net gas revenue flows toward Robinhood, not ETH stakers or Arbitrum broadly.
Context keeps the snapshot honest. Hyperliquid still leads over longer windows.
Its 30-day app revenue stands at $53.41M, against Robinhood Chain’s $23.23M over the same stretch.
Ethereum’s 30-day figure is $45.8M. The August 31 flip is a daily spike, not a structural reversal. That distinction matters for investors who may read too much into a one-day chart.
Wall Street has already been adjusting its view of HOOD. Robinhood’s Q2 earnings and Wall Street price-target cuts followed a quarter where crypto trading revenue fell 38% year-over-year to $100M.
The onchain app fee line is shaping up as the replacement narrative, a take-rate stack that operates outside the brokerage spread compression dragging on the core business.
Robinhood Chain’s Broader Ambition, and the Gap Still to Close Robinhood Chain launched on July 1, 2026, as an Ethereum L2 built on the Arbitrum Orbit stack. Chain ID is 4663.
Blocks finalize in around 100 milliseconds. ETH is the gas token. Vlad Tenev said the chain hit 100 million transactions faster than any other EVM chain ever had.
The official pitch is real-world assets. Robinhood has been pushing stock tokens and tokenized equity from day one.
Platforms to trade tokenized stocks are multiplying fast, and Robinhood positioned its chain as the infrastructure layer for that wave.
By late August, Stock Token DEX cumulative volume crossed $1.5 billion, per a Robinhood Crypto post on X.
The competition is moving too. Coinbase’s Deribit exchange rolling out stock perps in August signals that equity-linked onchain trading is now an institutional priority, not just a retail experiment.
Meanwhile, Kraken’s launch of unified US stocks and xStocks trading in Europe shows that distribution, not just infrastructure, is where the race is being run.
One friction point remains for the HOOD bull case. Stock Tokens on Robinhood Chain are not available to US persons.
Robinhood’s core user base, the one that drove $1.31 billion in Q2 2026 revenue, sits outside the chain’s current RWA reach.
Goldman Sachs and other banks remain broadly positive on HOOD and COIN for H2.
Goldman’s cautiously optimistic crypto market stance on COIN and HOOD reflects conviction that the onchain revenue narrative holds even as brokerage volumes compress.
For now, the August 31 data point gives bulls a clean headline. Robinhood Chain outran Ethereum and Hyperliquid on app revenue for a day.
Whether that becomes a recurring pattern, or fades with launchpad volume, will determine whether the chain moves the needle on HOOD’s earnings story.
For decentralized borrowing and yield, see our roundup of DeFi lending platforms.
