Bitcoin is trading at $78,796.58, Ethereum at $2,478.28 and XRP at $1.40 as traders brace for a week loaded with U.S. labor market data that could shape the Federal Reserve’s next policy move and, by extension, crypto’s near-term direction.
Current Market Snapshot
Bitcoin: $78,796.58, up 1.7% over 7 days, market cap $1.58 trillionEthereum: $2,478.28, up 0.7% over 7 days, market cap $299 billionXRP: $1.40, up 7.7% over 7 days, market cap $87.78 billionSolana: $106.44, up 12.0% over 7 daysBNB: $698.37, roughly flat over 7 daysThe Data Calendar Traders Are Watching
According to The Kobeissi Letter, six major economic releases are scheduled this week, with the labor market as the central focus for markets:
Monday: August Chicago PMI dataTuesday: August ISM Manufacturing PMI and Prices data, plus July JOLTS Job Openings dataWednesday: August ADP Nonfarm Employment dataThursday: August ISM Non-Manufacturing PMI and Prices dataFriday: July Jobs ReportWhy the Labor Market Is the Focus
Employment data carries outsized weight for crypto right now because it feeds directly into the Fed’s rate decision at the next FOMC meeting. A labor market that shows unexpected strength could reinforce the hawkish tone Fed Chair Kevin Warsh struck at Jackson Hole, keeping rate-cut expectations low and pressuring risk assets including Bitcoin, Ethereum and XRP.
Bitcoin’s Technical Setup
Bitcoin remains range-bound between support near $73,000-$75,000 and resistance in the $80,000-$82,000 zone, with a breakout above roughly $82,500 seen by technical analysts as the level needed to confirm a larger bullish trend shift on higher timeframes. A significant pocket of liquidation liquidity sits between $76,400 and $76,700, a level analysts have flagged as a likely near-term target if short-term weakness continues.
Ethereum and XRP Setups
Ethereum is holding above the $2,400 level, keeping its bullish breakout structure intact, with the next resistance zone at $2,750 to $2,800. XRP is testing support between $1.30 and $1.40 after rejecting resistance near $1.60 to $1.70, following an extended overbought signal that triggered the recent pullback. The current cooldown does not necessarily signal a reversal, but rather a reset before a potential resumption of the broader trend.
What It Means for the Week Ahead
With five separate labor and manufacturing data points landing between Monday and Friday, volatility across Bitcoin, Ethereum and XRP is likely to build heading into Friday’s Jobs Report, widely seen as the week’s most important release. How that data lands relative to expectations will likely determine whether crypto’s recent consolidation resolves to the upside or extends the current cooling-off period.
Story Ends Here
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Spot Bitcoin exchange-traded funds in the United States experienced $201.9 million in net outflows on August 28, halting a nine-day streak of consecutive inflows and reducing cumulative net inflows to approximately $55.1 billion.
Bitcoin ETF outflows after record runThe recent outflow arrived after a strong performance for Bitcoin ETFs, which had attracted $2.8 billion over the previous eight-day stretch. During this period, as Bitcoin approached $80,000, daily inflows repeatedly surpassed $300 million, reaching more than $600 million on August 20. The sharp reversal marked the end of one of the most robust runs for these funds, which now manage a combined $93.9 billion in net assets, according to SoSoValue.
Decrypt’s ETF flow tracker responded by updating its Bitcoin sentiment to “bearish” for the day, reflecting the broader market’s reaction to the cooling inflows.
An ETF is an investment fund that holds an underlying asset and allows investors to trade its shares on standard stock exchanges. A spot Bitcoin ETF holds actual Bitcoin, with each share offering a claim on a specific slice of the fund’s holdings. This structure provides mainstream investors with exposure to Bitcoin’s price without directly owning or storing the cryptocurrency.
U.S. spot Bitcoin ETFs only launched in January 2024 after years of regulatory delays, and since then, they have quickly grown into some of the most prominent and fastest-growing ETF products on the market.
Daily inflows and outflows for Bitcoin ETFs often mirror price volatility and shifts in macroeconomic conditions, making them a widely watched barometer of cryptocurrency market sentiment.
While Bitcoin ETFs saw investor withdrawals, U.S.-listed Ethereum ETFs recorded $102.1 million in net inflows on August 28. This marked their tenth consecutive day of positive flows, elevating cumulative net inflows to roughly $12.9 billion and bringing the total assets under management to $13.8 billion.
Decrypt’s ETF tracker maintained a “bullish” stance on Ethereum funds, underscoring the sustained demand. Notably, despite a significantly smaller asset base compared to their Bitcoin counterparts, Ethereum ETFs have recently managed to match or rival Bitcoin’s daily inflows.
The contrasting trends between Bitcoin and Ethereum ETFs have drawn attention as institutional and retail investors weigh the latest market developments and seek balanced exposure to both leading cryptocurrencies.
ETF TypeNet Flow on August 28Streak (Days)Cumulative Net InflowsTotal Net AssetsBitcoin-$201.9 million0 (Ended at 9)$55.1 billion$93.9 billionEthereum+$102.1 million10$12.9 billion$13.8 billionThe divergence in ETF flows coincided with remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium, described as “hawkish” by several market observers. His comments contributed to a pullback in Bitcoin prices, which had surged toward $80,000 before slipping, though Bitcoin managed to recover to near $79,000 over the weekend.
Despite the single-day outflow and the interruption of the record streak, market analysts indicate that overall institutional demand for spot Bitcoin and Ethereum ETFs remains solid. The outflow appears modest in the context of the tens of billions accumulated since the funds’ debut earlier this year, and does not yet point to a wider retreat in investor appetite.
Friday’s net outflow in U.S. spot Bitcoin ETFs ended a nine-day streak of inflows, even as Ethereum ETFs extended their winning run to 10 days, with both attracting billions in net assets since launching.
The evolving flows between Bitcoin and Ethereum funds continue to offer insight into changing investor preferences as the crypto market adapts to fluctuating sentiment and macroeconomic signals.
After an aggressive August breakout, Bitcoin is consolidating, but because it is still well above the 200-day moving average, the daily structure remains heavily biased in favor of buyers. After peaking just above $81,000, Bitcoin is currently trading at about $78,840. The move started at about $63,000, so Bitcoin gained almost 30% before facing significant resistance.
BTC/USDT Chart by TradingViewSellers have not produced a significant retracement despite multiple erratic sessions near $80,000. The recovery of the 200-day moving average continues to be the strongest technical development. The rapidly rising 20-day EMA has reached roughly $72,250, while this indicator is currently at about $72,180. Their convergence around $72,000 establishes a crucial support area.
Bitcoin's consolidation isn't stopping yetAdditionally, Bitcoin is trading well above its 50-day and 100-day moving averages, which are currently at $68,680 and $67,300, respectively. In addition to confirming the breakout's strength, the separation demonstrates how far Bitcoin has risen in a comparatively short amount of time.
HOT Stories
The RSI is still high at about 72.5. Bitcoin is still technically overbought even though it has decreased from its recent peak. This allows for more consolidation prior to another sustainable leg higher.
Both the most recent peak and Bitcoin's May high are located in the immediate resistance zone, which is between $80,000 and $82,000. Breaking $82,000 would provide a significant continuation signal in addition to removing the most obvious nearby technical barrier. $76,000–$77,000 is the first short-term support on the downside.
$72,000 would become more relevant with a deeper correction. The larger reversal continues as long as Bitcoin stays above its recovered 200-day average. Although chasing the price is becoming riskier due to the elevated RSI, the current sideways movement near $80,000 appears more like post-breakout consolidation than a confirmed reversal.
After one of its biggest breakouts of 2026, XRP is consolidating, and the most recent daily structure indicates that buyers are still in charge of the larger recovery despite the decline from $1.70. After rising from an intraday low of about $1.38, XRP is currently trading at about $1.41. The significant development is still that it is at about $1.35 above the 200-day moving average.
XRP stays on the bullish pathDuring the August surge, XRP firmly reclaimed this indicator, and it has since spent multiple sessions above it. Because of this, the $1.35 region is the chart's most crucial support. The claim that the prior long-term downward trend has been broken would be strengthened by a successful defense.
XRP/USDT Chart by TradingViewHowever, a daily close below it would put XRP at risk of a more severe correction. The shorter moving averages are still significantly lower. The 50-day average is close to $1.14, the 100-day average is at $1.21, and the 20-day EMA has accelerated to about $1.26.
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This significant gap illustrates how rapidly XRP rose from its August low of about $1.00. Momentum is also returning to normal. After moving well into overbought territory, the RSI is now close to 66. Because of this cooling process, XRP may have more room for a subsequent upside attempt without producing an extremely high momentum reading right away.
The first significant barrier is still between $1.45 and $1.50. After the initial breakout, XRP has had trouble sustaining its momentum above this region. Attention would move to $1.55 and ultimately the $1.70 spike high if $1.50 were cleared.
Technically speaking, XRP is still bullish above $1.35. A consolidation between that level and $1.50 would probably be preferable to another sudden vertical move, in order to allow the shorter moving averages to catch up with price.
Ethereum's strong positioningFollowing its August breakout, Ethereum is still in an exceptionally strong position, holding hundreds of dollars above its recently recovered 200-day moving average while consolidating around $2,470. ETH is currently trading close to $2,472 after rising quickly from about $1,900.
ETH/USDT Chart by TradingViewAlmost simultaneously, the breakout forced Ethereum through a number of resistance levels, including the declining 200-day moving average at $2,159. It is an important move. The 20-day EMA has risen to $2,225, while ETH is currently about 14% above its 200-day average.
At roughly $2,030 and $2,019, respectively, the 50-day and 100-day moving averages are still much lower. Breaking the long-term trend indicator is no longer Ethereum's immediate concern.
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Rather, buyers must build a solid structure above it and prevent the current consolidation from becoming a more significant retracement. The immediate resistance area is now between $2,500 and $2,550. This zone has been tested by several recent candles without resulting in a lasting breakout.
Additionally, volume increased sharply during the initial breakout before falling during the consolidation. Lower volume during a sideways phase is not inherently bearish, as it may suggest that aggressive selling has not followed the rally. The quickly rising 20-day EMA at $2,225 is currently the first significant dynamic support.
The 200-day average at $2,159 becomes the critical level below it. The present consolidation supports continuation as long as Ethereum stays above those levels. Breaking $2,550 would be the next sign that buyers are prepared to extend the August reversal.
Shiba Inu's long-term directionAfter its August comeback, Shiba Inu is still struggling with long-term resistance, but the most recent decline has moved SHIB into a support zone that may determine whether the rebound continues. Following a recent spike to roughly $0.00000620, SHIB is currently trading around $0.00000517.
SHIB/USDT Chart by TradingViewSHIB briefly rose above the 200-day moving average as a result of the move, but buyers were unable to hold that position. The indicator remains the biggest technical barrier on the daily chart and is currently located close to $0.00000571.
Because the 200-day average has served as long-term resistance during the larger downtrend, that failed breakout is significant. Before the market can establish a more convincing bullish reversal, SHIB needs to recover roughly $0.00000570–$0.00000580. The lower price is more favorable.
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The 100-day moving average is close to $0.00000498, and the 20-day EMA has risen to about $0.00000500. As a result, there is a concentrated support area directly beneath SHIB. At roughly $0.00000471, the 50-day moving average is lower. Consequently, the critical short-term level is now $0.00000495–$0.00000500.
By holding it, SHIB could consolidate above its medium-term trend indicators and prepare for another attempt at the 200-day average. Momentum has already considerably decreased. The RSI is currently at 54, which is lower than the overbought levels reached during the August surge.
As a result, SHIB has considerably more room to move in either direction without momentum becoming a limiting factor. For a rebound from $0.00000500, resistance would first appear between $0.00000540 and $0.00000555, followed by the critical $0.00000571 level.
Claude's paid usage tiers are criticized for deceptive wording: The $200 "20x" plan only grants 5 hours of access, with its weekly quota being three times that of the $100 tier.
According to Dongcha Beating AI Express, the quota issue with Anthropic’s Claude Max has reignited controversy on social media. The $100 Max 5x and $200 Max 20x are easily misinterpreted by their names as meaning the latter offers four times the quota of the former. However, Anthropic’s official documentation specifies that the “5x” and “20x” refer to usage limits per 5-hour windows. All paid plans also include weekly quotas, but Anthropic has not disclosed how these compare to the Pro plan’s weekly limit—a major source of user frustration. A recent reverse calculation by a Reddit user found that during the current temporary bonus period, Max 20x’s total weekly quota is only approximately 2.25 times that of Max 5x. Anthropic has even faced legal action over this. A proposed class-action lawsuit filed in June alleges that Max 20x’s actual total usage is just 6 to 8 times that of the Pro plan, while Max 5x is around 3.5 times. Under this framework, the weekly usage gap between the two tiers is also only about twice. The case remains ongoing, and the court has not yet ruled that Anthropic engaged in false advertising.
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Bitcoin is holding steady following a strong breakout in August, with its price consolidating well above crucial long-term averages. After reaching a peak just above $81,000, Bitcoin is currently trading near $78,840. The recent surge began around $63,000, representing a nearly 30% gain before the cryptocurrency encountered significant resistance.
Key support and resistance levelsDespite volatility near the $80,000 level, sellers have so far been unable to trigger a significant pullback. The most notable technical indicator remains the recovery and defense of Bitcoin’s 200-day moving average, with the 20-day exponential moving average (EMA) rapidly rising to approximately $72,250, converging with the 200-day average in the same region. These overlapping support bands near $72,000 are poised to play a crucial role in the coming sessions.
The asset also trades comfortably above its 50-day and 100-day moving averages, currently situated at $68,680 and $67,300, respectively. This distance illustrates the exceptional velocity of Bitcoin’s rally. The relative strength index (RSI) remains elevated at around 72.5, indicating that conditions are technically overbought, which could support a period of sideways movement before any further gains.
Critical resistance is clustered between $80,000 and $82,000. A decisive breakthrough above $82,000 could signal further bullish continuation, while downside support is established near $76,000–$77,000. A more pronounced correction could place the $72,000 support zone into focus, but as long as Bitcoin holds above its 200-day moving average, the broader uptrend remains intact.
IndicatorCurrent ValuePrice$78,840All-time peakJust above $81,000200-day MA~$72,18020-day EMA~$72,250Support zone$76,000–$77,000Resistance zone$80,000–$82,000Bitcoin’s structure remains bullish while it holds above its 200-day moving average, and the consolidation near $80,000 appears driven by recent overbought conditions rather than a confirmed trend reversal.
XRP consolidates after sharp rallyXRP, the native token of the Ripple network, is also navigating a consolidation phase after a robust rally, during which it climbed from an intraday low of $1.38 to a recent price of $1.41. The token remains securely above its 200-day moving average at about $1.35, a region considered its key technical support.
A daily close below this threshold could open the door to deeper losses; however, buyers have so far defended this area effectively. XRP’s shorter-term moving averages lag behind the price, with the 50-day at $1.14, the 100-day at $1.21, and the 20-day EMA rising to $1.26.
The resurgence in price was accompanied by a surge in momentum, pushing the RSI toward overbought territory before a recent cooldown to 66. This drop in momentum may allow for another move higher without triggering an excessively overheated market. Immediate resistance stands at $1.45–$1.50, with further attention at $1.55 and the spike high at $1.70. A sustained consolidation between $1.35 and $1.50 would allow the shorter moving averages to catch up and support any future advance.
Maintaining support above $1.35 remains crucial for XRP’s near-term outlook; holding this level could reinforce the case that a longer-term downtrend has been broken.
Ethereum maintains strong trendEthereum has continued to trade in a strong technical position since its August breakout, staying hundreds of dollars above its reacquired 200-day moving average and consolidating around $2,470. ETH recently tested $2,472, following a rapid ascent from about $1,900.
The rally lifted Ethereum above several resistance marks, including the declining 200-day MA currently at $2,159. With the 20-day EMA now at $2,225, ETH sits approximately 14% above the critical long-term average. The 50-day and 100-day averages, at $2,030 and $2,019 respectively, trail well beneath recent prices.
Current consolidation above these levels suggests the market is pausing, rather than reversing. The immediate resistance zone lies at $2,500–$2,550. Trading volumes surged during the initial breakout, tapering off as prices moved sideways, which may reflect a lack of aggressive selling pressure. As long as ETH stays above $2,159, the medium-term outlook remains constructive. A breakout above $2,550 would reinforce the August reversal and confirm buyers’ control.
Shiba Inu struggles at long-term resistanceShiba Inu (SHIB), a well-known memecoin, has encountered persistent long-term resistance after its August surge. The recent price drop brought SHIB into a dense support band, now trading near $0.00000517 after briefly touching $0.00000620.
SHIB’s attempt to stay above its 200-day moving average near $0.00000571 was short-lived. This indicator remains the primary resistance during the ongoing downtrend. Recovery over $0.00000570–$0.00000580 is necessary for a confirmed bullish reversal; otherwise, focus remains on lower support levels.
The 100-day moving average stands at $0.00000498 and the 20-day EMA at about $0.00000500, providing a narrow support region under current prices. The 50-day average is further below at $0.00000471. Holding $0.00000495–$0.00000500 could lay the groundwork for renewed upward momentum. SHIB’s RSI has dropped to 54, offering more flexibility for the next directional move, and upside resistance remains at $0.00000540–$0.00000555, with the main barrier just above at $0.00000571.
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The recent rally was no exception for Ethereum [ETH]. The largest altcoin, which was trading near the $1900 price level, has now climbed close to $2500. At press time, ETH was trading at $2,459.03 after a hike of over 30% in the past 30 days.
However, this price hike is not solid proof that ETH will continue going up. This is because the staking side of Ethereum’s supply is behaving differently from expected performance during a major price rally.
Rather than seeing a rush to unlock ETH, the network is seeing continued commitment to staking.
Is this a good sign? According to Ethereum’s Validator Queue, ETH ‘exit queue’ has hit 0. In this, around 902,506 are active validators, and about 42.4 million ETH are staked, accounting for 34.8% of the total supply.
Source: Validator Queue This happens even after Ethereum witnessed a 70% pump. Looking at the current scenario, one can tell that the current ETH rally has more room to run.
Hence, if these validators are expecting ETH to appreciate further, exiting staking simply to sell after a 70% rally may not make sense to them.
Needless to say, another factor might be staking yield, where stakers are earning rewards for participating in Ethereum’s network. If they remain bullish on ETH, they can continue earning yield while maintaining exposure to the asset.
Ethereum validator’s performance in August This comes as in August 2026, the entry wait time fell from around 43–44 days to roughly 36 days, showing that the large staking backlog is gradually clearing.
Source: Validator Queue At the same time, after falling to around 880,000–881,000 in mid-July, the number of active validators began recovering. In August, the count rose sharply from roughly 887,000 at the start of the month to over 900,000 by late August, reaching around 902,000–903,000.
Source: Validator Queue This shows that Ethereum’s validator base is expanding again, signaling strong staking participation and limited exit pressure.
What’s more? This comes as Ethereum’s largest DAT, Bitmine Immersion Technologies, has staked 5,067,309 ETH so far, valued at approximately $12.4 billion. Whereas, Shaprlink has staked over 26,193 ETH total.
All this happens while Fidelity has announced plans for Ethereum staking and quarterly cash distributions, adding a new source of potential income to the spot ETF.
While Ethereum staking makes to the spotlight, Solana [SOL], has a much higher staking participation rate at roughly 68.3% of its supply, with around 421.8 million SOL staked and yields of approximately 5.75%–6.5%.
Still, its total dollar value staked remains much lower than Ethereum.
Final Summary The Ethereum ecosystem has around 902,506 are active validators, and about 42.4 million ETH are staked. Validators are expecting ETH to appreciate further, hecne exiting staking simply to sell after a 70% rally does not makes sense.
PANews, August 31 - According to SoSoValue data, the crypto market pulled back after consecutive gains. The previously strong Meme sector fell 4.19% over the past 24 hours. Within the sector, OFFICIAL TRUMP (TRUMP) dropped 10.55%, Fartcoin (FARTCOIN) fell 10.44%, and Pump.fun (PUMP) declined 12.40%.
In other sectors, the Layer 2 sector fell 0.04% over 24 hours, with Polygon (POL) down 7.98%, though Mantle (MNT) remained relatively resilient, rising 5.84%. The CeFi sector declined 1.71%, with OKB (OKB) down 4.09%. The Layer 1 sector fell 1.97%, with Solana (SOL) down 3.35%. The PayFi sector dropped 2.10%, while Monero (XMR) rose 4.54% intraday. The DeFi sector fell 2.26%, while Uniswap (UNI) bucked the trend with a 9.31% gain.
Crypto sector indices reflecting historical sector performance showed that the ssiMeme, ssiAI, and ssiNFT indices fell 4.42%, 3.29%, and 3.12%, respectively.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) have paused their gains after facing a slight pullback last week following their recent massive gains. BTC trades around $77,900 on Monday, and ETH faces selling pressure near the key $2,500 resistance level. Meanwhile, XRP corrects and finds support around a key level that could determine its next directional move.
Bitcoin consolidates following a massive rally in recent weeksBitcoin price trades at $77,893 on Monday, maintaining a bullish near-term bias as it holds well above the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) clustered between roughly $69,700 and $72,300.
The Relative Strength Index (RSI) at 69 hovers just below overbought territory, while the Moving Average Convergence Divergence (MACD) remains positive, hinting that upside momentum is still constructive but becoming stretched.
On the topside, the next notable resistance aligns with the horizontal barrier at $85,000.
On the downside, initial demand appears around the 200-day EMA at $72,254, then the 50-day EMA at $69,681, followed by the 100-day EMA at $68,887; below these, deeper support emerges at the previously charted horizontal levels of $66,500 and $62,300.
BTC/USDT daily chartEthereum faces rejection near $2,500 markEthereum price trades at $2,421 on Monday, holding a bullish near-term bias as price remains comfortably above the key EMAs. The 50-day EMA at $2,101, together with the 100-day EMA at $2,037 and the 200-day EMA at $2,161, forms a broad underlying demand zone that reinforces the constructive structure while ETH consolidates near recent highs.
Momentum remains supportive, with the RSI hovering around 66 and avoiding extreme overbought territory, while the MACD stays in positive territory, hinting at sustained but moderating upside pressure.
On the topside, immediate resistance is seen at the horizontal barrier near $2,500, ahead of a more significant cap at $3,000, where profit-taking could intensify if bulls extend the rally.
On the downside, initial support sits around the 200-day EMA at $2,161, followed by the 50-day EMA at $2,101 and the 100-day EMA at $2,037, which should cushion deeper pullbacks. A break below the psychological $2,000 level would expose the distant structural floor at $1,505, while sustained trading above the clustered moving averages keeps the broader bullish tone intact.
ETH/USDT daily chartXRP finds support near 200-day EMAXRP price trades at $1.350 on Monday, maintaining a broadly bullish near-term bias as it holds above the 50-day and 100-day EMAs at $1.204 and $1.209, respectively. However, the pair is now testing the 200-day EMA at $1.351 as immediate support, capping further downside for now.
The RSI around 59 suggests constructive but not overextended momentum, while the positive MACD reading with a small positive value hints at waning yet still supportive bullish pressure after the recent sharp rally.
On the topside, initial resistance sits at the horizontal level of $1.900.
On the downside, the first meaningful support appears at the 200-day EMA at $1.351, followed by the $1.300 horizontal level, ahead of a supportive cluster formed by the 100-day EMA at $1.209 and the 50-day EMA at $1.204. At the same time, a deeper structural floor sits at the $1.000 handle.
As long as XRP stays above the $1.300 area, the technical backdrop would continue to favor consolidation with potential for renewed upside attempts toward the recent high around $1.699 and beyond the $1.900 mark.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Ethereum’s [ETH] 30% weekly rally has given investors their first conviction test at $2,500. Notably, this zone remains key since demand had been building for months at the bottom end of $1,900-$2,050.
Once that supply had run out, demanders moved quickly through the $2,568 level as volume exploded, indicating stronger participation behind the breakout.
However, the rapid advance by Ethereum into new ground stalled out just shy of $2,458. This indicates that bulls were yet to establish a solid floor at $2500.
Source: TradingView The significance of that pause is maintained because that’s where the cost is currently being absorbed as we approach the breakout highs. However, it still suggests that the bull run has not yet triggered an exodus.
Moreover, the RSI also appeared to confirm this sentiment, falling back from over 90 to 70.81 as of writing, with no corresponding price drop.
Therefore, if bulls can get through to $2,500 again, it may create additional potential for an upward continuation to the previous breakout area at $2,568. On the other hand, if $2,426 is breached downward, it could indicate a growing amount of bearish pressure.
ETH reclaims realized price after 108 days Ethereum’s push up to $2,500 has also altered how holders view themselves in relation to their average cost basis.
After 108 days of being below it, ETH has taken back its realized price, which is the average amount all holders collectively paid for ETH.
Once the price crosses the realized price point again, all holders are in a position of having at least some portion of an unrealized gain. That matters because investors near breakeven have less reason to sell simply to recover their initial capital.
Source: Alphractal Still, with fewer holders trapped underwater, the potential for reduced selling pressure and increased buying power could occur. However, the shift only becomes meaningful if ETH stays above this cost basis.
Sustained closes above it would strengthen the recovery. Consequently, a continued decline in the price may indicate that sellers are once again in an unrealized loss position.
ETF inflows strengthen institutional demand Institutional investors are providing the demand for fresh capital into Ethereum’s price increase, while the overall market trend is improving.
The total weekly inflows flowing into Ethereum have hit $824.42 million. This followed $697.18 million in the previous week.
Source: SoSoValue Together, those flows show institutions increased exposure as ETH approached $2,500, instead of reducing positions after the rally.
According to SoSoValue data, total ETF assets consequently climbed from $10.52 billion on August 14 to $15.23 billion, a 5.28% increase, strengthening institutional ownership.
This matters because sustained ETF buying can absorb available supply and help buyers defend higher prices during pullbacks. However, strong flows have not secured $2,500 yet.
Continued inflows alongside closes above that level would provide stronger evidence that institutional demand is supporting lasting price acceptance.
Final Summary Ethereum reclaimed its realized price as ETF demand strengthened its recovery. ETF inflows and improving holder profitability support ETH’s push toward $2,500.
The total crypto market cap fell to $2.68 trillion, down 1.0% over 24 hours, as Bitcoin slipped to $77,664.88 and Ethereum dropped to $2,417.73, with the sell-off tracking an escalation in the U.S.-Iran tensions over the weekend.
What Triggered the Drop
U.S. Central Command confirmed that American forces struck two Iranian rocket launchers on Larak Island in southern Iran on Sunday, after Islamic Revolutionary Guard Corps forces were observed preparing to launch rockets carrying sea mines into the Strait of Hormuz.
CENTCOM spokesperson Navy Capt. Tim Hawkins said the strike was intended to protect civilian mariners and commercial shipping in the strait, one of the world’s most critical oil transit routes.
The IRGC confirmed the strike caused casualties among its forces and said it would retaliate, according to Iran’s state broadcaster IRIB. According to reports, Sunday’s strike was the first publicly acknowledged U.S. attack on Iranian forces in nearly a month, coming as the Trump administration has been navigating a fragile ceasefire in the broader conflict that began in February 2026.
Market Snapshot
Total market cap: $2.68 trillion, down 1.0%24-hour trading volume: $62.13 billionBitcoin: $77,664.88, down 0.8% in 24 hoursEthereum: $2,417.73, down 2.0% in 24 hoursXRP: $1.35, down 3.4% in 24 hours, though still up 8.4% over 7 daysSolana: $101.73, down 3.6% in 24 hoursHyperliquid: $80.40, down 3.9% in 24 hoursWhy Geopolitical Risk Hits Crypto
Renewed military action in the Strait of Hormuz raises the risk of disrupted oil shipping and broader regional escalation, conditions that typically push investors toward traditional safe havens and away from higher-risk assets like crypto. The IRGC’s stated intent to retaliate adds further uncertainty, since previous rounds of this conflict have seen Iran respond to U.S. strikes with missile and drone attacks on American military installations in neighboring countries.
What to Watch Next
Markets will likely stay sensitive to any signs of Iranian retaliation or further U.S. military action in the coming days. A contained response could allow crypto to stabilize near current levels, while a broader escalation risks deeper losses across risk assets as investors price in a longer disruption to Gulf shipping and oil markets.
Story Ends Here
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This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH) Ethereum closed another week in the green after pushing above $2,400, ending 6% higher. If buyers manage to hold this key support level, higher highs may continue.
Bulls should do their best to consolidate their recent gains after the massive rally from the $1,500 level. To achieve this, defending $2,400 as support is key. The current resistance is at $2,800.
Looking ahead, this is the first time since 2025 that ETH has made a higher high. This halts the downtrend and positions this cryptocurrency for a sustained rally. The question is how far bulls can take it before they show signs of weakness.
Source: TradingView Ripple (XRP) After XRP pumped to $1.6, the price entered a pullback, which is still ongoing at the time of this post. Nevertheless, this cryptocurrency closed the week 9% higher. This recent performance is impressive and a significant change in the market structure.
With a higher high secured, XRP could be consolidating between the key support at $1.3 and the resistance at $1.6. Once the price settles, a renewed push higher could follow, sending XRP back into a rally.
Looking ahead, the most significant target, at this time, is $2. For that to happen, XRP will need to turn $1.6 into a support first. The odds favor this outcome considering that buyers have the advantage right now.
Source: TradingView Cardano (ADA) Cardano ended this week flat after the price failed to break the resistance at $0.23. Buyers tried to push ADA higher, but sellers would not budge. For this reason, the price is in a pullback at the time of this post.
While a consolidation period under the key resistance is normal, this cryptocurrency needs to avoid a long delay in breaking $0.23, as that may encourage sellers to step up their presence on the order book.
Looking ahead, Cardano needs to make a higher high to confirm the bottom under $0.15. So far, this has not happened, which may give bears a chance to retest the previous lows in the future.
Source: TradingView Binance Coin (BNB) Binance Coin had a good week, closing 7% higher. The price also broke the $690 resistance and appears close to forming a higher high. If confirmed next week, BNB may be well on its way to visit $900 next.
It is critical for the price to continue its rally, as any price below $740 would paint a lower high on the chart, which would be a bearish signal. Nevertheless, as long as the $690 level holds as support, buyers have control over the price.
Looking ahead, the recent drop under $580 could be the bottom. To confirm it, BNB needs to rally and sustain its recent gains. If so, the $900 and $1,000 targets will act as magnets for the price in the near future.
Source: TradingView Hype (HYPE) Hyperliquid had another fantastic week, closing 14% higher after setting a new record price of almost $87. Right now, HYPE is trading in a key range between $ 76 and $ 85 as it plans its next move.
To continue the rally, the price has to clear $85 as support and aim for $90 next. However, considering the strength of the recent move, a consolidation period would be welcomed to avoid a sharper correction later.
Looking ahead, HYPE has a real chance to hit a three-digit price in the near future if this bullish momentum is sustained. A price of $100 or higher is only a 20% rally from current levels.
Source: TradingView Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Sberbank, Russia’s largest bank, plans to accept Ethereum and Tether alongside Bitcoin as loan collateral once Russian regulators permit their public circulation, according to TASS.
The bank is preparing to offer crypto-backed loans to corporate clients after successfully testing the model with mining firm AO Intelion Data last year. It is also working on crypto custody services as digital assets take on a larger role in Russia’s financial system and cross-border trade.
Anatoly Popov, deputy chairman of Sberbank’s management board, said the bank is prepared to adapt its existing products once the legislation comes fully into force.
Popov said Sberbank had anticipated the regulatory changes and already gained practical experience working with crypto. The bank plans to gradually expand its digital-asset products under the new rules, including lending secured by crypto holdings.
Bitcoin will be part of the bank’s collateral offering, while Ethereum and Tether could be added in the future. Popov said those assets would become eligible after the Bank of Russia authorizes them for public circulation and the remaining provisions of the new regulation take effect.
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Russia’s largest lender, Sberbank, is preparing to expand lending secured by digital assets. The bank expects Bitcoin to remain central, while Ethereum and Tether could join later.
The expansion depends on regulatory approval and the full implementation of Russia’s new digital asset framework. Sberbank is also preparing existing banking products for the updated rules.
Anatoly Popov, deputy chairman of Sberbank’s management board, confirmed the direction ahead of the Eastern Economic Forum. He said the bank already has practical experience working with cryptocurrency.
“We prepared for this in advance, and we already have practical experience working with cryptocurrency,” Popov said.
Sberbank Expands Crypto-Backed Lending Strategy Sberbank intends to continue developing loans secured by digital assets once the new rules become fully effective. The bank has already tested the model with corporate clients.
A previous pilot involved mining company AO Intelion Data and used self-mined cryptocurrency as collateral. That transaction gave Sberbank experience with lending against digital assets.
Popov said the bank would adapt its existing products as legislation comes fully into force. The lender also plans to expand the range of eligible collateral gradually.
“We plan to accept not only Bitcoin but also Ethereum and the stablecoin Tether as collateral,” Popov said.
However, Ethereum and Tether would only become eligible after approval from the Bank of Russia. Public circulation must also be allowed under the final rules.
Bitcoin, Ethereum and USDT Could Enter Corporate Lending Bitcoin is expected to remain part of Sberbank’s crypto collateral offering. Ethereum and USDT could be added after regulators establish the necessary framework. The proposed model would allow corporate borrowers to pledge digital assets while receiving conventional financing. Borrowers would therefore avoid selling their crypto holdings immediately.
Sberbank is also developing custody services as digital assets gain a larger role in Russia’s financial system. These services could support institutional use of crypto within regulated banking channels.
The lender’s approach reflects a broader shift toward controlled digital asset use rather than unrestricted retail adoption. Meanwhile, Russia continues to permit selected crypto activity under tighter supervision.
Concurrently, the cross-border trade has also increased demand for digital asset infrastructure. Russian institutions have explored crypto settlement methods as access to traditional payment routes remains constrained.
Russia Tightens Crypto Oversight as Banking Use Expands Russia’s crypto framework is becoming more structured as banks prepare new products with Federal Law No. 282-FZ taking effect on September 1, 2026.
The law introduces reporting requirements for residents holding digital assets through foreign platforms and offshore structures. Residents must report balances, transaction turnover and qualifying foreign holdings.
The final framework does not require residents to submit private keys or raw wallet credentials. Instead, the reporting system focuses on financial information and offshore exposure.
At the same time, the Bank of Russia has expanded enforcement tools linked to suspicious crypto activity. The regulator flagged about 2,600 wallets during the first half of 2026.
Those wallets were added to compliance systems used by banks and law enforcement agencies. The system does not freeze blockchain addresses directly. Instead, banks can identify linked accounts, payment processors, and fiat access points. Consequently, restrictive measures can then be applied within Russia’s banking system.
For more on crypto compliance, check our Best Crypto Compliance Companies and KYC Providers for Web3 Enterprises
Sberbank Plans to Accept Bitcoin, Ethereum and USDT as Loan Collateral August 30, 2026 10:00 AM
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Table of contents
Russia’s largest bank is preparing to broaden its crypto-lending business. Sberbank Deputy Chairman Anatoly Popov said the lender plans to accept Bitcoin as collateral for loans and to eventually add Ethereum and Tether’s USDT, according to TASS. The move would extend the bank’s earlier pilot work with digital assets, though the wider offering still hinges on approval from the Bank of Russia. The comments signal that the bank intends to make digital-asset-backed borrowing a more regular feature of its business rather than a limited experiment.
Bitcoin First, Ethereum and USDT Later Popov said Sberbank intends to further develop lending backed by digital assets, with Bitcoin the first crypto asset accepted as collateral. Ethereum and USDT would follow only after the Bank of Russia permits their public circulation, a condition that has not yet been met. The central bank retains authority over which digital assets may circulate publicly in Russia, which is why the Ethereum and USDT components remain conditional. Popov did not specify when the broader set of collateral would become available.
A Gradual Rollout Under Russia’s New Rules The bank already has practical experience working with crypto assets, Popov said, and will adapt its existing products while gradually expanding the offering once Russia’s new regulatory framework for digital assets fully takes effect. Sberbank has been preparing for this shift for months, having previously outlined a planned off-chain crypto trading system and a crypto wallet as the country’s digital-currency law cleared its final hurdles. The phased approach mirrors how Russian regulators have rolled out crypto rules, testing them in stages before widening access.
What It Means for Crypto-Backed Lending Accepting bitcoin and stablecoins as loan collateral would deepen the overlap between Russia’s traditional banking sector and digital assets. It suggests Sberbank, which serves a large share of the country’s retail and corporate customers, views crypto collateral as a lasting product rather than a one-off experiment. Even so, the announcement is a statement of intent: the Bank of Russia has yet to authorize public circulation of Ethereum and USDT, leaving the final scope and timing of the lending product open. Sberbank has not said how large the lending book might become or which borrowers would qualify first.
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Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Russia’s largest bank, Sberbank, is preparing to expand crypto-backed lending beyond Bitcoin, planning to accept Ethereum and Tether’s USDT as collateral for loans. The move comes as Russia prepares new crypto market rules, but Sberbank’s overall offering still depends on approval from the Bank of Russia.
Sberbank Deputy Chairman Anatoly Popov said the bank plans to accept Bitcoin, Ethereum and USDT as collateral for loans.
“We plan to accept not only Bitcoin but also Ethereum and the stablecoin Tether as collateral.”
However, customers cannot immediately use all three assets as collateral. Popov said Sberbank will add ETH and USDT after the Bank of Russia allows them for public circulation.
The bank plans to adapt its existing products as Russia’s new crypto rules take effect and then gradually expand the assets available for secured lending.
Bitcoin Loan Pilot Already Tested the ModelSberbank is not starting from scratch. The bank already tested crypto-backed lending with Russian mining company Intelion Data in December 2025.
The pilot involved a corporate loan secured by cryptocurrency mined by Intelion. Sberbank used its custody infrastructure to hold the collateral during the loan period.
That experience gives the bank a working model for handling crypto as security for a traditional loan.
The planned expansion would allow the same basic idea to cover Bitcoin, Ethereum and USDT, subject to the regulator’s rules.
Russia’s New Crypto Rules Set the FrameworkThe plans come as Russia prepares to bring its new regulated crypto market framework into force on September 1, 2026. The Bank of Russia will decide which cryptocurrencies can be traded through regulated channels.
The central bank has already proposed Bitcoin, Ethereum and USDT for regulated exchange trading, using factors such as market size, trading activity and trading history in overseas markets.
For non-qualified investors, the framework includes a 300,000-ruble annual purchase limit per intermediary, subject to passing a required knowledge test. Crypto payments for goods and services inside Russia will remain prohibited.
For now, Sberbank’s BTC-backed lending model is the foundation, while ETH and USDT remain dependent on regulatory approval and the final lending rules.
Story Ends Here
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Russia’s largest bank, Sberbank, is preparing to expand its cryptocurrency-backed loan products. The bank plans to accept Ethereum (ETH) and Tether (USDT) as collateral for loans in addition to Bitcoin (BTC) in the future.
According to the Russian news agency TASS, Sberbank Deputy Chairman of the Board Anatoly Popov said the bank will continue to develop loan products secured by digital assets. Popov noted that Sberbank already has practical experience working with crypto assets.
Popov stated that once the new regulatory framework prepared in Russia fully comes into effect, the bank will adapt its existing products to the new rules and gradually expand its cryptocurrency-related services.
Ethereum and USDT Could Be Added Alongside Bitcoin According to Sberbank’s plan, the bank will not be limited to Bitcoin for digital asset-backed loans. Ethereum and the dollar-backed stablecoin Tether are also targeted to be accepted as collateral in the future.
However, the plan’s implementation will depend on regulatory approval. Popov added that, in particular, the Russian Central Bank would need to allow ETH and USDT to be publicly circulated in order for them to be used as collateral.
*This is not investment advice.
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Sberbank plans to accept Bitcoin (BTC), Ether (ETH) and Tether (USDT) as loan collateral, deputy chairman Anatoly Popov told TASS on Friday.
Russia’s largest lender wants the coins as security, not as money. Paying with crypto in Russia remains banned when the country’s digital currency law takes effect on September 1.
Collateral is Legal, but Spending is NotA Russian company can pledge Bitcoin to a bank, but it still cannot buy a coffee with it. Popov said Sberbank prepared for the rule change early and already handles digital assets. However, he made the expansion conditional.
“We plan to accept not only Bitcoin but also Ethereum and the stablecoin Tether as collateral… after the Central Bank, of course, allows them for public circulation,” local media reported.
President Vladimir Putin signed the law on August 4. The Bank of Russia published its first approved list a week later. Only three coins cleared the screen.
Regulators wanted size, high daily turnover, and at least 5 years of price history on foreign exchanges. Bitcoin, ether and USDT passed. Nothing else did, and the regulator is clear about the rest.
Crypto cannot be used in payments within Russia. Only exporters and importers get a carve-out for crypto payments in foreign trade.
No Rate, No Date, No Term SheetWith the key rate standing at 14% as of August 28, money is expensive in Russia, and that number explains the demand. A miner can sell coins and lose the upside, or pledge them and pay interest.
Meanwhile, ordinary Russians will not get the option. Russia’s new crypto law caps non-qualified investors at 300,000 rubles (roughly $3,632) of crypto per year per intermediary. Corporate borrowers face no such ceiling.
Popov disclosed no loan-to-value ratio, interest rate, or launch date. He tied everything to permissions the central bank has not yet issued.
What exists today is smaller. Sber closed a crypto-backed lending pilot in December 2025 and targets a digital depository by December 1.
Notably, however, USDT is the quiet outlier, sitting at $0.9999, while Bitcoin moves every day. One coin needs a thin haircut, the other a deep one.
If a borrower defaults, Sberbank must sell those coins inside a country where spending them is illegal.
Key Highlights Three additional cryptocurrencies—Solana, Avalanche, and Chainlink—are coming to Charles Schwab’s digital asset platform The platform debuted in May 2026 with exclusive access to Bitcoin and Ethereum trading Each cryptocurrency transaction incurs a 0.75% fee through the platform The brokerage giant manages more than $13 trillion in client assets with approximately 40 million accounts A new S&P 500 prediction contract offering is in development through collaboration with Cboe Global Markets Charles Schwab has revealed its intention to broaden its cryptocurrency trading services. The expansion will bring Solana, Avalanche, and Chainlink to the Schwab Crypto platform alongside its existing Bitcoin and Ethereum offerings within the next several months.
LATEST: ⚡ Charles Schwab plans to add Solana, Avalanche and Chainlink to its crypto platform in the coming months, expanding beyond Bitcoin and Ethereum. pic.twitter.com/3fvspo2Vo3
— CoinMarketCap (@CoinMarketCap) August 27, 2026
The financial services company introduced Schwab Crypto in May 2026, providing retail investors with straightforward access to Bitcoin and Ethereum markets. Users can access these trading capabilities via Schwab’s web portal, smartphone application, and thinkorswim trading platform.
According to Schwab, the new additions represent a calculated strategy to “thoughtfully expand” its cryptocurrency portfolio by incorporating well-established digital currencies that align with investor interest.
Joe Vietri, who leads Digital Assets at Charles Schwab, explained that this expansion provides investors with additional options for constructing a digital asset portfolio while leveraging the comprehensive investment and banking services Schwab already delivers.
A Deliberate Strategy for Crypto Integration Charles Schwab’s approach has been notably more conservative compared to certain competitors. Platforms such as Coinbase and Robinhood provide trading access to dozens of cryptocurrencies, while Schwab initiated operations with only two tokens before growing to five.
The financial institution has not disclosed a precise rollout timeline for these additional tokens. Furthermore, Schwab has not indicated whether additional cryptocurrencies beyond these three are under consideration.
Transaction fees on the platform stand at 75 basis points, equivalent to 0.75% per trade. The service operates in most American states, with the notable exceptions of New York and Louisiana, and remains unavailable in US territories or foreign markets.
Charles Schwab Premier Bank maintains custody of Schwab Crypto accounts, while the connected brokerage handles specific operational responsibilities for the banking division.
By July 31, 2026, the company oversaw $13.04 trillion in total client assets distributed among 39.9 million active brokerage accounts.
During the second quarter, Schwab posted record-breaking net revenue totaling $7.1 billion alongside net income of $2.8 billion.
Prediction Contracts on the Horizon The cryptocurrency platform expansion represents just one element of Schwab’s wider initiative to diversify its trading product lineup.
This past June, the Wall Street Journal disclosed that Schwab intends to introduce prediction contracts linked to S&P 500 performance. This initiative stems from a collaborative arrangement with Cboe Global Markets.
These financial instruments would enable investors to speculate on whether the S&P 500 index will finish trading sessions above or below predetermined thresholds. Unlike services offered by Kalshi and Polymarket, Schwab’s initial rollout would concentrate exclusively on stock index predictions.
Industry observers anticipate this product will become available within several months, although the company has not provided an official launch date.
Schwab’s expansion into cryptocurrency trading and prediction markets illustrates how established brokerage firms are increasingly challenging crypto-focused platforms and fintech startups for retail trading volume.
Given its substantial user base of nearly 40 million active accounts, Schwab’s platform could significantly increase mainstream investor access to these newly supported cryptocurrencies.
Charles Schwab (NYSE:SCHW) is preparing to widen the range of tokens available on Schwab Crypto, the firm’s retail digital-asset service. In a recent announcement, the brokerage said eligible clients will soon be able to buy and sell Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) in dedicated crypto accounts.
The three assets will join bitcoin and ethereum, which have been the only tokens available for direct trading since Schwab Crypto began a phased rollout in May 2026.
Schwab described the new listings as part of a measured effort to grow the platform with well-known cryptocurrencies that match customer interest.
The company did not name a precise launch window beyond “the coming months,” and it reserved the right to postpone, alter, or drop support for any announced token if market, regulatory, operational, or risk conditions change.
Joe Vietri, Schwab’s head of digital assets, said the expansion is meant to give clients more ways to include digital assets in a broader portfolio while remaining inside Schwab’s familiar investing and banking environment.
He framed the move as consistent with the firm’s strategy of offering established cryptocurrencies together with education, tools, and support so investors can decide how—or whether—crypto belongs in their plans.
Schwab Crypto is offered through Charles Schwab Premier Bank, SSB, an FDIC-member bank that is affiliated with, but separate from, Charles Schwab & Co., Inc.
Clients keep a distinct crypto account that can be linked to an existing brokerage relationship.
Holdings and trades can be viewed next to stocks, funds, and other conventional investments on Schwab.com, the Schwab Mobile app, and the thinkorswim platform.
The service also includes research and commentary from the Schwab Center for Financial Research, crypto-focused educational material through Schwab Coaching, and around-the-clock phone and chat support.
Each trade is priced at 75 basis points of the dollar amount of the transaction, a rate Schwab presents as among the lowest in the industry.
Availability is limited. Accounts are offered in all US states except New York and Louisiana and are not available in US territories or outside the United States.
Not every applicant will qualify, and accounts can be restricted or closed if a client moves to an unsupported jurisdiction.
Cryptocurrencies held through the service are not securities, are not SIPC-protected, are not FDIC-insured, are not bank deposits, and can lose value.
Schwab stresses that digital assets are highly volatile, lack many of the consumer protections attached to legal tender and regulated securities, and should be treated as speculative.
The firm said it intends to keep adding cryptocurrencies and other digital assets over time rather than opening the platform to a large menu of tokens at once.
That gradual approach matches how Schwab entered the market: it waited for a clearer US regulatory path, started with bitcoin and ethereum, and is now extending the lineup to three additional networks that already have large user bases and established use cases in payments, smart contracts, custom blockchains, and oracle data.
For investors already using Schwab for stocks, cash management, and advice, the expansion reduces the need to open a separate account at a crypto-native exchange.
For the tokens themselves, a brokerage with tens of millions of accounts and trillions of dollars in client assets could, over time, broaden the pool of traditional investors who can buy and hold SOL, AVAX, and LINK through a regulated retail channel. Exact timing, trading limits, and any phased rollout details have not yet been disclosed.
Grayscale believes that the evolution of US debt would favor Bitcoin, Ether, and Zcash. These three cryptos could benefit from significant demand for assets independent of fiat currencies. Indeed, this theory arises as federal debt has just exceeded 40 trillion dollars. However, it does not represent a current projection. A rate increase triggered by the US financing needs would also penalize the crypto ecosystem in the short term.
In Brief Grayscale bets on Bitcoin, Ether, and Zcash against the rise of US debt. US public debt exceeds 40 trillion dollars, increasing concerns about monetary dilution. Treasury bond buybacks support liquidity, without reducing the causes of debt. The rise in debt could favor cryptos long-term, but high rates risk penalizing them short-term. Grayscale selects BTC, ETH, and ZEC The research head at Grayscale, Zach Pandl, presented this analysis on August 26. For him, an uncontrolled increase in public debt can weaken confidence in national currencies and encourage investors to seek other stores of value.
He explains the selection by Grayscale as follows :
In cryptos, we believe that the hedge against monetary dilution will primarily benefit Bitcoin, Ether, and Zcash.
The characteristics of the chosen assets are as follows :
Bitcoin has a maximum supply capped at 21 million BTC ; Ether is used to pay for transactions and to secure Ethereum ; Zcash combines a limited supply of 21 million ZEC with optional confidential transactions. This hedge against monetary dilution (debasement trade) constitutes a strategy aimed at acquiring rare assets to protect against the loss of purchasing power of currencies. Historically, this theory concerns gold. Grayscale believes that some cryptos now fulfill a similar function.
However, the three cryptos do not have the same specifics. Indeed, Bitcoin and Zcash apply a predetermined issuance, while Ether does not have an absolute cap. Its supply mainly depends on new emissions granted to validators and the burning of part of the fees.
Predefined scarcity does not guarantee price stability either. Therefore, BTC, ETH, and ZEC remain volatile. Their progress also depends on available liquidity, regulation, institutional flows, and investors’ risk appetite.
Treasury buybacks do not necessarily reduce this liability Total US public debt exceeded 40 trillion dollars on August 18. Of this amount, nearly 32,266 billion dollars are held by the public while 7,782 billion dollars correspond to claims among various federal structures.
The US Treasury released, a few days later, an increase in its long-term bond buybacks. From September 9, the cap will rise from at least 2 to 4 billion dollars per transaction for securities with maturities between 10 and 30 years.
With these acquisitions, the Treasury can withdraw older, less liquid bonds and continue issuing new securities. They facilitate operations on the secondary market and reduce some yield tensions.
However, this transaction does not equate to debt repayment. The Treasury statement explicitly describes the measure as support for the bond market’s liquidity. It does not rectify the budget deficit nor the gap between federal expenditures and revenues. Grayscale considers then that these buybacks address the symptoms but not the root cause of the problem.
Debt supports Grayscale’s thesis without guaranteeing a rise The Congressional Budget Office projects a federal deficit of 1,900 billion dollars for the current 2026 fiscal year. This amount would reach 3,100 billion in 2036 if current legislative regulations generally remain unchanged.
Public debt held by the public could simultaneously rise from 101% of GDP in 2026 to 120% in 2036, according to CBO projections. Thus, interest-related charges would justify a significant part of this evolution.
This progression may consolidate the search for rare assets. It may also create the opposite effect in the short term. If the abundance of bond issuances keeps yields at a high level, risk-free investments become more attractive and capital cost increases. Investors may then reduce their exposure to cryptos.
Scheduled for November 4, the next US Treasury quarterly announcement will clarify the progress of the buyback program. Bond yields, the dollar, and flows to crypto products will help verify if the scenario indicated by Grayscale is truly beginning to materialize.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tencent's Hunyuan Hy4 Overwhelmed Just 3 Days After Launch: WorkBuddy Undergoes Emergency Scaling
Beating AI News Flash: After Tencent’s Hunyuan Hy4 preview launched on WorkBuddy, usage surged, leading to queuing issues. The joint project team of WorkBuddy and Hunyuan issued a notice stating that it is urgently scaling up the Hy4 preview inference cluster and will continue to dynamically add resources based on usage. Hy4 preview is Tencent’s new-generation flagship model released and open-sourced on August 28, with 770 billion total parameters, 49 billion activated per inference, and a 1 million-token context window. It was integrated with WorkBuddy, CodeBuddy, Yuanbao, and Ima on its release day, offering a two-week free trial on WorkBuddy and CodeBuddy. Just three days after launch, WorkBuddy has already faced queuing due to peak concurrent usage. The team noted that total high-end computing power and peak concurrent capacity remain limited, so queuing may still occur during some periods even after scaling. Temporary solutions include switching back to Hy3 or avoiding evening peak hours. The free trial period for Hy3 on WorkBuddy has been extended to September 30 at 23:59.
7 minutes ago
The 'US Stock Market Top Winner' liquidated all long positions in HYPE, returned to trading US stocks, and opened new NVDA positions worth $24.5 million.
According to monitoring by TradingBeats (formerly Hyperinsight), the previously tracked "US Stock Market Winner" has largely exited its long positions in HYPE. The whale’s HYPE contract long positions have dropped from around 152,800 units to just 11.82 units, while its spot account holds only approximately 374.9 HYPE tokens. Its primary risk exposure has now refocused on US stocks. Currently, this whale holds a 20x fully leveraged long position of roughly 112,800 NVDA contracts, with a position value of about $24.495 million and an average entry price of $220.08. NVDA is trading at around $217.15, resulting in an unrealized loss of roughly $330,000 on the position, with a return of approximately -26.6%. The position was opened two days ago. Additionally, the whale has placed 169 sell orders around NVDA: 40 "position-reduction only" sell orders at $221.7 to $222.5, planning to reduce holdings by around 46,200 units, with a nominal value of approximately $10.267 million, covering about 41% of its current long position. Another 129 non-position-reduction sell orders are placed at $218.95 to $228.33, targeting the sale of around 192,500 units, with a nominal value of roughly $42.586 million. The number of these orders exceeds the whale’s current NVDA long position by approximately 70.7%. If the non-position-reduction sell orders are fully executed, the whale may shift to a short position after exiting its remaining NVDA long holdings. Currently, this whale is the largest NVDA holder on Hyperliquid. On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale operations from addresses, and delivering in-depth analysis for full visibility.
7 minutes ago
Whale Tracking: Amid renewed US-Iran clashes, smart money flipped to go long on 5.5 million barrels of crude oil, while ramping up positions on "invasion of Iran" prediction shares.
According to monitoring by TradingBeats (formerly Hyperinsight), U.S. forces struck two rocket launch sites on Iran’s Larak Island overnight, a development that sent international oil prices soaring in a gap-up move. WTI crude oil contracts (CL) on Hyperliquid are currently trading at $85.45, up roughly 3.2% in 24 hours. Geopolitical conflict-focused trader xm39, who has been closely tracked, adjusted positions in both crude oil and prediction markets amid this price swing. Between 7:32 and 8:00 AM today, its associated address added roughly 28,400 WTI short contracts against the market trend, with a transaction value of around $2.401 million. As oil prices continued to rise, the address closed out all 107,400 short contracts at 9:01 AM, with an average closing price of ~$84.86, booking a realized loss of approximately $131,500. Just about 10 minutes later, it flipped its trading direction from short to long. The address then sequentially bought roughly 64,700 WTI contracts, and currently holds a long position of ~$5.531 million at 20x full leverage, with an unrealized profit of ~$18,200, a margin return rate of around 6.6%, and a liquidation price of ~$64.88. Meanwhile, xm39 also continued to increase its geopolitical conflict bets on Polymarket. Between 7:43 and 7:51 AM today, it purchased a total of 274,500 Yes shares for the market question “Will the U.S. invade Iran before 2027” in three separate trades, executed at probabilities of 14%, 15%, and 16% respectively, for a total investment of ~$41,700. This round of purchases expanded its position in this prediction market by roughly 74.7%. Currently, xm39 holds a total of 642,300 Yes shares, with an accumulated cost of ~$127,100, at an average entry probability of 19.79%; the current market probability for the question is ~15.5%, resulting in an unrealized loss of approximately $27,600.
7 minutes ago
Two crypto whales made high-profile buys of ETH, totaling $140 million.
According to monitoring by TradingBeats (formerly Hyperinsight), two large ETH whale addresses have continued to add to their long positions from last night to this morning, purchasing a total of 23,245.3 ETH in perpetual contracts, with a trading volume of approximately $57.752 million and a weighted average execution price of around $2,484.4. As of press time, ETH is trading at $2,414.6. The two addresses currently hold a combined 60,036.2 ETH long positions, with a total position value of roughly $145 million, a weighted average entry price of about $2,480.8, and a combined unrealized loss of approximately $3.975 million. Whale address 0x0392: Between 00:07 and 00:36 today, it purchased 13,078.1 ETH in concentrated trades, with a trading volume of around $32.662 million. It currently holds 45,087.3 ETH long positions with 8x full leverage, valued at roughly $109 million, at an average entry price of $2,486.4, posting an unrealized loss of about $3.236 million, a return rate of -23.1%, and a liquidation price of approximately $2,251.2. Whale address 0x77dd: Between 18:31 and 22:38 last night, it bought 10,167.3 ETH, with a trading volume of around $25.09 million. It currently holds 14,948.9 ETH long positions with 12x full leverage, valued at roughly $36.1 million, at an average entry price of $2,464, with an unrealized loss of about $738,000, a return rate of -24.1%, and a liquidation price of approximately $2,144.8. On-chain perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale activities from addresses, and delivering in-depth analysis for full visibility.
7 minutes ago
Codex's active users exceed 25 million, just 10 days after hitting the 20 million milestone; paid users' quotas have been reset for two consecutive days.
Beating AI News: OpenAI core product lead Tibo announced that Codex has reached 25 million active users. To mark this milestone, OpenAI has once again reset usage quotas for all paid Codex and ChatGPT Work users, marking the second consecutive day of such resets. Yesterday, OpenAI had already reset quotas for all paid users due to issues with 8 categories of abnormal quota consumption. Tibo had noted at the time that the planned milestone celebration would be moved to the next day, as the reset button had already been pressed that day. The second reset arrived as scheduled today. Codex has seen rapid user growth: as recently as August 21, Tibo announced Codex had hit 20 million active users, alongside a one-time storable quota reset. Just 10 days after that announcement, the user base has grown by another 5 million. Tibo joked in closing: “More news from The Reset Company will be coming soon.”
7 minutes ago
Tectonic Suffers Over $75 Million Loss From Attack, Cronos Network Suspends Services
Per monitoring by @lookonchain, Tectonic (@TectonicFi) on the Cronos network suffered an attack, resulting in losses exceeding $75 million. The attacker has bridged $6.29 million in assets to the Ethereum network and converted them into 2,592 ETH, while approximately $68.7 million worth of assets remain pending on Cronos. Currently, the Cronos network has suspended services.
An attacker exploited a vulnerability in the Cosmos EVM to move $50 million of Nesa (NES) off the project’s chain. However, the payout came to $60,000.
Blockchain analytics firm Bubblemaps traced the wallets involved. Liquidity vanished from the pools before the selling finished, and extreme slippage swallowed almost the entire position.
How the Nesa Exploit UnraveledThe main wallet, 0x9AE7, bought $250,000 of NES and bridged the tokens to Nesa Chain. Bubblemaps said the address was funded through Monero (XMR).
The attacker exploited the bug, inflating that balance by 200 times. He then bridged roughly $50 million of NES back to Ethereum (ETH).
From there, the tokens moved through eight addresses. Those wallets swapped NES for ETH on decentralized exchanges before routing proceeds to centralized platforms.
However, liquidity disappeared from the pools before most of the selling happened. The swaps hit extreme slippage, and the attacker recovered $315,000 against $255,000 spent.
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Cosmos Labs Told Chains to HaltCosmos Labs disclosed the incident on August 24 and advised chains in contact with it to have validators halt.
“Many affected chains have now patched. We continue to provide mitigation information to affected chains. Chains that use a Cosmos EVM version less than v0.6.2 or v0.7.2 are recommended to immediately halt the blockchain and upgrade it to include the patches in those releases,” the team said in an update.
It has not yet named the vulnerability, the affected chains, or the total loss figure. The team has promised an incident report once the response ends.
Four networks running the shared module have reported problems. KiiChain said an attacker repeated the same technique 18 times, draining 148,326,583.15 KII.
Nesa also notified users that it had identified malicious activity exploiting the Cosmos EVM vulnerability on its layer-1. The team said they will bring the services online after a software fix. Other impacted networks include MANTRA and TAC.
Whether other chains running the module took quieter losses will not be clear until Cosmos Labs publishes its report.
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Tencent's Hunyuan Hy4 Overwhelmed Just 3 Days After Launch: WorkBuddy Undergoes Emergency Scaling
Beating AI News Flash: After Tencent’s Hunyuan Hy4 preview launched on WorkBuddy, usage surged, leading to queuing issues. The joint project team of WorkBuddy and Hunyuan issued a notice stating that it is urgently scaling up the Hy4 preview inference cluster and will continue to dynamically add resources based on usage. Hy4 preview is Tencent’s new-generation flagship model released and open-sourced on August 28, with 770 billion total parameters, 49 billion activated per inference, and a 1 million-token context window. It was integrated with WorkBuddy, CodeBuddy, Yuanbao, and Ima on its release day, offering a two-week free trial on WorkBuddy and CodeBuddy. Just three days after launch, WorkBuddy has already faced queuing due to peak concurrent usage. The team noted that total high-end computing power and peak concurrent capacity remain limited, so queuing may still occur during some periods even after scaling. Temporary solutions include switching back to Hy3 or avoiding evening peak hours. The free trial period for Hy3 on WorkBuddy has been extended to September 30 at 23:59.
1 seconds ago
The 'US Stock Market Top Winner' liquidated all long positions in HYPE, returned to trading US stocks, and opened new NVDA positions worth $24.5 million.
According to monitoring by TradingBeats (formerly Hyperinsight), the previously tracked "US Stock Market Winner" has largely exited its long positions in HYPE. The whale’s HYPE contract long positions have dropped from around 152,800 units to just 11.82 units, while its spot account holds only approximately 374.9 HYPE tokens. Its primary risk exposure has now refocused on US stocks. Currently, this whale holds a 20x fully leveraged long position of roughly 112,800 NVDA contracts, with a position value of about $24.495 million and an average entry price of $220.08. NVDA is trading at around $217.15, resulting in an unrealized loss of roughly $330,000 on the position, with a return of approximately -26.6%. The position was opened two days ago. Additionally, the whale has placed 169 sell orders around NVDA: 40 "position-reduction only" sell orders at $221.7 to $222.5, planning to reduce holdings by around 46,200 units, with a nominal value of approximately $10.267 million, covering about 41% of its current long position. Another 129 non-position-reduction sell orders are placed at $218.95 to $228.33, targeting the sale of around 192,500 units, with a nominal value of roughly $42.586 million. The number of these orders exceeds the whale’s current NVDA long position by approximately 70.7%. If the non-position-reduction sell orders are fully executed, the whale may shift to a short position after exiting its remaining NVDA long holdings. Currently, this whale is the largest NVDA holder on Hyperliquid. On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale operations from addresses, and delivering in-depth analysis for full visibility.
1 seconds ago
Whale Tracking: Amid renewed US-Iran clashes, smart money flipped to go long on 5.5 million barrels of crude oil, while ramping up positions on "invasion of Iran" prediction shares.
According to monitoring by TradingBeats (formerly Hyperinsight), U.S. forces struck two rocket launch sites on Iran’s Larak Island overnight, a development that sent international oil prices soaring in a gap-up move. WTI crude oil contracts (CL) on Hyperliquid are currently trading at $85.45, up roughly 3.2% in 24 hours. Geopolitical conflict-focused trader xm39, who has been closely tracked, adjusted positions in both crude oil and prediction markets amid this price swing. Between 7:32 and 8:00 AM today, its associated address added roughly 28,400 WTI short contracts against the market trend, with a transaction value of around $2.401 million. As oil prices continued to rise, the address closed out all 107,400 short contracts at 9:01 AM, with an average closing price of ~$84.86, booking a realized loss of approximately $131,500. Just about 10 minutes later, it flipped its trading direction from short to long. The address then sequentially bought roughly 64,700 WTI contracts, and currently holds a long position of ~$5.531 million at 20x full leverage, with an unrealized profit of ~$18,200, a margin return rate of around 6.6%, and a liquidation price of ~$64.88. Meanwhile, xm39 also continued to increase its geopolitical conflict bets on Polymarket. Between 7:43 and 7:51 AM today, it purchased a total of 274,500 Yes shares for the market question “Will the U.S. invade Iran before 2027” in three separate trades, executed at probabilities of 14%, 15%, and 16% respectively, for a total investment of ~$41,700. This round of purchases expanded its position in this prediction market by roughly 74.7%. Currently, xm39 holds a total of 642,300 Yes shares, with an accumulated cost of ~$127,100, at an average entry probability of 19.79%; the current market probability for the question is ~15.5%, resulting in an unrealized loss of approximately $27,600.
1 seconds ago
Two crypto whales made high-profile buys of ETH, totaling $140 million.
According to monitoring by TradingBeats (formerly Hyperinsight), two large ETH whale addresses have continued to add to their long positions from last night to this morning, purchasing a total of 23,245.3 ETH in perpetual contracts, with a trading volume of approximately $57.752 million and a weighted average execution price of around $2,484.4. As of press time, ETH is trading at $2,414.6. The two addresses currently hold a combined 60,036.2 ETH long positions, with a total position value of roughly $145 million, a weighted average entry price of about $2,480.8, and a combined unrealized loss of approximately $3.975 million. Whale address 0x0392: Between 00:07 and 00:36 today, it purchased 13,078.1 ETH in concentrated trades, with a trading volume of around $32.662 million. It currently holds 45,087.3 ETH long positions with 8x full leverage, valued at roughly $109 million, at an average entry price of $2,486.4, posting an unrealized loss of about $3.236 million, a return rate of -23.1%, and a liquidation price of approximately $2,251.2. Whale address 0x77dd: Between 18:31 and 22:38 last night, it bought 10,167.3 ETH, with a trading volume of around $25.09 million. It currently holds 14,948.9 ETH long positions with 12x full leverage, valued at roughly $36.1 million, at an average entry price of $2,464, with an unrealized loss of about $738,000, a return rate of -24.1%, and a liquidation price of approximately $2,144.8. On-chain perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale activities from addresses, and delivering in-depth analysis for full visibility.
1 seconds ago
Codex's active users exceed 25 million, just 10 days after hitting the 20 million milestone; paid users' quotas have been reset for two consecutive days.
Beating AI News: OpenAI core product lead Tibo announced that Codex has reached 25 million active users. To mark this milestone, OpenAI has once again reset usage quotas for all paid Codex and ChatGPT Work users, marking the second consecutive day of such resets. Yesterday, OpenAI had already reset quotas for all paid users due to issues with 8 categories of abnormal quota consumption. Tibo had noted at the time that the planned milestone celebration would be moved to the next day, as the reset button had already been pressed that day. The second reset arrived as scheduled today. Codex has seen rapid user growth: as recently as August 21, Tibo announced Codex had hit 20 million active users, alongside a one-time storable quota reset. Just 10 days after that announcement, the user base has grown by another 5 million. Tibo joked in closing: “More news from The Reset Company will be coming soon.”
1 seconds ago
Tectonic Suffers Over $75 Million Loss From Attack, Cronos Network Suspends Services
Per monitoring by @lookonchain, Tectonic (@TectonicFi) on the Cronos network suffered an attack, resulting in losses exceeding $75 million. The attacker has bridged $6.29 million in assets to the Ethereum network and converted them into 2,592 ETH, while approximately $68.7 million worth of assets remain pending on Cronos. Currently, the Cronos network has suspended services.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tencent's Hunyuan Hy4 Overwhelmed Just 3 Days After Launch: WorkBuddy Undergoes Emergency Scaling
Beating AI News Flash: After Tencent’s Hunyuan Hy4 preview launched on WorkBuddy, usage surged, leading to queuing issues. The joint project team of WorkBuddy and Hunyuan issued a notice stating that it is urgently scaling up the Hy4 preview inference cluster and will continue to dynamically add resources based on usage. Hy4 preview is Tencent’s new-generation flagship model released and open-sourced on August 28, with 770 billion total parameters, 49 billion activated per inference, and a 1 million-token context window. It was integrated with WorkBuddy, CodeBuddy, Yuanbao, and Ima on its release day, offering a two-week free trial on WorkBuddy and CodeBuddy. Just three days after launch, WorkBuddy has already faced queuing due to peak concurrent usage. The team noted that total high-end computing power and peak concurrent capacity remain limited, so queuing may still occur during some periods even after scaling. Temporary solutions include switching back to Hy3 or avoiding evening peak hours. The free trial period for Hy3 on WorkBuddy has been extended to September 30 at 23:59.
1 seconds ago
The 'US Stock Market Top Winner' liquidated all long positions in HYPE, returned to trading US stocks, and opened new NVDA positions worth $24.5 million.
According to monitoring by TradingBeats (formerly Hyperinsight), the previously tracked "US Stock Market Winner" has largely exited its long positions in HYPE. The whale’s HYPE contract long positions have dropped from around 152,800 units to just 11.82 units, while its spot account holds only approximately 374.9 HYPE tokens. Its primary risk exposure has now refocused on US stocks. Currently, this whale holds a 20x fully leveraged long position of roughly 112,800 NVDA contracts, with a position value of about $24.495 million and an average entry price of $220.08. NVDA is trading at around $217.15, resulting in an unrealized loss of roughly $330,000 on the position, with a return of approximately -26.6%. The position was opened two days ago. Additionally, the whale has placed 169 sell orders around NVDA: 40 "position-reduction only" sell orders at $221.7 to $222.5, planning to reduce holdings by around 46,200 units, with a nominal value of approximately $10.267 million, covering about 41% of its current long position. Another 129 non-position-reduction sell orders are placed at $218.95 to $228.33, targeting the sale of around 192,500 units, with a nominal value of roughly $42.586 million. The number of these orders exceeds the whale’s current NVDA long position by approximately 70.7%. If the non-position-reduction sell orders are fully executed, the whale may shift to a short position after exiting its remaining NVDA long holdings. Currently, this whale is the largest NVDA holder on Hyperliquid. On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale operations from addresses, and delivering in-depth analysis for full visibility.
1 seconds ago
Whale Tracking: Amid renewed US-Iran clashes, smart money flipped to go long on 5.5 million barrels of crude oil, while ramping up positions on "invasion of Iran" prediction shares.
According to monitoring by TradingBeats (formerly Hyperinsight), U.S. forces struck two rocket launch sites on Iran’s Larak Island overnight, a development that sent international oil prices soaring in a gap-up move. WTI crude oil contracts (CL) on Hyperliquid are currently trading at $85.45, up roughly 3.2% in 24 hours. Geopolitical conflict-focused trader xm39, who has been closely tracked, adjusted positions in both crude oil and prediction markets amid this price swing. Between 7:32 and 8:00 AM today, its associated address added roughly 28,400 WTI short contracts against the market trend, with a transaction value of around $2.401 million. As oil prices continued to rise, the address closed out all 107,400 short contracts at 9:01 AM, with an average closing price of ~$84.86, booking a realized loss of approximately $131,500. Just about 10 minutes later, it flipped its trading direction from short to long. The address then sequentially bought roughly 64,700 WTI contracts, and currently holds a long position of ~$5.531 million at 20x full leverage, with an unrealized profit of ~$18,200, a margin return rate of around 6.6%, and a liquidation price of ~$64.88. Meanwhile, xm39 also continued to increase its geopolitical conflict bets on Polymarket. Between 7:43 and 7:51 AM today, it purchased a total of 274,500 Yes shares for the market question “Will the U.S. invade Iran before 2027” in three separate trades, executed at probabilities of 14%, 15%, and 16% respectively, for a total investment of ~$41,700. This round of purchases expanded its position in this prediction market by roughly 74.7%. Currently, xm39 holds a total of 642,300 Yes shares, with an accumulated cost of ~$127,100, at an average entry probability of 19.79%; the current market probability for the question is ~15.5%, resulting in an unrealized loss of approximately $27,600.
1 seconds ago
Two crypto whales made high-profile buys of ETH, totaling $140 million.
According to monitoring by TradingBeats (formerly Hyperinsight), two large ETH whale addresses have continued to add to their long positions from last night to this morning, purchasing a total of 23,245.3 ETH in perpetual contracts, with a trading volume of approximately $57.752 million and a weighted average execution price of around $2,484.4. As of press time, ETH is trading at $2,414.6. The two addresses currently hold a combined 60,036.2 ETH long positions, with a total position value of roughly $145 million, a weighted average entry price of about $2,480.8, and a combined unrealized loss of approximately $3.975 million. Whale address 0x0392: Between 00:07 and 00:36 today, it purchased 13,078.1 ETH in concentrated trades, with a trading volume of around $32.662 million. It currently holds 45,087.3 ETH long positions with 8x full leverage, valued at roughly $109 million, at an average entry price of $2,486.4, posting an unrealized loss of about $3.236 million, a return rate of -23.1%, and a liquidation price of approximately $2,251.2. Whale address 0x77dd: Between 18:31 and 22:38 last night, it bought 10,167.3 ETH, with a trading volume of around $25.09 million. It currently holds 14,948.9 ETH long positions with 12x full leverage, valued at roughly $36.1 million, at an average entry price of $2,464, with an unrealized loss of about $738,000, a return rate of -24.1%, and a liquidation price of approximately $2,144.8. On-chain perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale activities from addresses, and delivering in-depth analysis for full visibility.
1 seconds ago
Codex's active users exceed 25 million, just 10 days after hitting the 20 million milestone; paid users' quotas have been reset for two consecutive days.
Beating AI News: OpenAI core product lead Tibo announced that Codex has reached 25 million active users. To mark this milestone, OpenAI has once again reset usage quotas for all paid Codex and ChatGPT Work users, marking the second consecutive day of such resets. Yesterday, OpenAI had already reset quotas for all paid users due to issues with 8 categories of abnormal quota consumption. Tibo had noted at the time that the planned milestone celebration would be moved to the next day, as the reset button had already been pressed that day. The second reset arrived as scheduled today. Codex has seen rapid user growth: as recently as August 21, Tibo announced Codex had hit 20 million active users, alongside a one-time storable quota reset. Just 10 days after that announcement, the user base has grown by another 5 million. Tibo joked in closing: “More news from The Reset Company will be coming soon.”
1 seconds ago
Tectonic Suffers Over $75 Million Loss From Attack, Cronos Network Suspends Services
Per monitoring by @lookonchain, Tectonic (@TectonicFi) on the Cronos network suffered an attack, resulting in losses exceeding $75 million. The attacker has bridged $6.29 million in assets to the Ethereum network and converted them into 2,592 ETH, while approximately $68.7 million worth of assets remain pending on Cronos. Currently, the Cronos network has suspended services.
Tencent's Hunyuan Hy4 Overwhelmed Just 3 Days After Launch: WorkBuddy Undergoes Emergency Scaling
Beating AI News Flash: After Tencent’s Hunyuan Hy4 preview launched on WorkBuddy, usage surged, leading to queuing issues. The joint project team of WorkBuddy and Hunyuan issued a notice stating that it is urgently scaling up the Hy4 preview inference cluster and will continue to dynamically add resources based on usage. Hy4 preview is Tencent’s new-generation flagship model released and open-sourced on August 28, with 770 billion total parameters, 49 billion activated per inference, and a 1 million-token context window. It was integrated with WorkBuddy, CodeBuddy, Yuanbao, and Ima on its release day, offering a two-week free trial on WorkBuddy and CodeBuddy. Just three days after launch, WorkBuddy has already faced queuing due to peak concurrent usage. The team noted that total high-end computing power and peak concurrent capacity remain limited, so queuing may still occur during some periods even after scaling. Temporary solutions include switching back to Hy3 or avoiding evening peak hours. The free trial period for Hy3 on WorkBuddy has been extended to September 30 at 23:59.
1 seconds ago
The 'US Stock Market Top Winner' liquidated all long positions in HYPE, returned to trading US stocks, and opened new NVDA positions worth $24.5 million.
According to monitoring by TradingBeats (formerly Hyperinsight), the previously tracked "US Stock Market Winner" has largely exited its long positions in HYPE. The whale’s HYPE contract long positions have dropped from around 152,800 units to just 11.82 units, while its spot account holds only approximately 374.9 HYPE tokens. Its primary risk exposure has now refocused on US stocks. Currently, this whale holds a 20x fully leveraged long position of roughly 112,800 NVDA contracts, with a position value of about $24.495 million and an average entry price of $220.08. NVDA is trading at around $217.15, resulting in an unrealized loss of roughly $330,000 on the position, with a return of approximately -26.6%. The position was opened two days ago. Additionally, the whale has placed 169 sell orders around NVDA: 40 "position-reduction only" sell orders at $221.7 to $222.5, planning to reduce holdings by around 46,200 units, with a nominal value of approximately $10.267 million, covering about 41% of its current long position. Another 129 non-position-reduction sell orders are placed at $218.95 to $228.33, targeting the sale of around 192,500 units, with a nominal value of roughly $42.586 million. The number of these orders exceeds the whale’s current NVDA long position by approximately 70.7%. If the non-position-reduction sell orders are fully executed, the whale may shift to a short position after exiting its remaining NVDA long holdings. Currently, this whale is the largest NVDA holder on Hyperliquid. On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale operations from addresses, and delivering in-depth analysis for full visibility.
1 seconds ago
Whale Tracking: Amid renewed US-Iran clashes, smart money flipped to go long on 5.5 million barrels of crude oil, while ramping up positions on "invasion of Iran" prediction shares.
According to monitoring by TradingBeats (formerly Hyperinsight), U.S. forces struck two rocket launch sites on Iran’s Larak Island overnight, a development that sent international oil prices soaring in a gap-up move. WTI crude oil contracts (CL) on Hyperliquid are currently trading at $85.45, up roughly 3.2% in 24 hours. Geopolitical conflict-focused trader xm39, who has been closely tracked, adjusted positions in both crude oil and prediction markets amid this price swing. Between 7:32 and 8:00 AM today, its associated address added roughly 28,400 WTI short contracts against the market trend, with a transaction value of around $2.401 million. As oil prices continued to rise, the address closed out all 107,400 short contracts at 9:01 AM, with an average closing price of ~$84.86, booking a realized loss of approximately $131,500. Just about 10 minutes later, it flipped its trading direction from short to long. The address then sequentially bought roughly 64,700 WTI contracts, and currently holds a long position of ~$5.531 million at 20x full leverage, with an unrealized profit of ~$18,200, a margin return rate of around 6.6%, and a liquidation price of ~$64.88. Meanwhile, xm39 also continued to increase its geopolitical conflict bets on Polymarket. Between 7:43 and 7:51 AM today, it purchased a total of 274,500 Yes shares for the market question “Will the U.S. invade Iran before 2027” in three separate trades, executed at probabilities of 14%, 15%, and 16% respectively, for a total investment of ~$41,700. This round of purchases expanded its position in this prediction market by roughly 74.7%. Currently, xm39 holds a total of 642,300 Yes shares, with an accumulated cost of ~$127,100, at an average entry probability of 19.79%; the current market probability for the question is ~15.5%, resulting in an unrealized loss of approximately $27,600.
1 seconds ago
Two crypto whales made high-profile buys of ETH, totaling $140 million.
According to monitoring by TradingBeats (formerly Hyperinsight), two large ETH whale addresses have continued to add to their long positions from last night to this morning, purchasing a total of 23,245.3 ETH in perpetual contracts, with a trading volume of approximately $57.752 million and a weighted average execution price of around $2,484.4. As of press time, ETH is trading at $2,414.6. The two addresses currently hold a combined 60,036.2 ETH long positions, with a total position value of roughly $145 million, a weighted average entry price of about $2,480.8, and a combined unrealized loss of approximately $3.975 million. Whale address 0x0392: Between 00:07 and 00:36 today, it purchased 13,078.1 ETH in concentrated trades, with a trading volume of around $32.662 million. It currently holds 45,087.3 ETH long positions with 8x full leverage, valued at roughly $109 million, at an average entry price of $2,486.4, posting an unrealized loss of about $3.236 million, a return rate of -23.1%, and a liquidation price of approximately $2,251.2. Whale address 0x77dd: Between 18:31 and 22:38 last night, it bought 10,167.3 ETH, with a trading volume of around $25.09 million. It currently holds 14,948.9 ETH long positions with 12x full leverage, valued at roughly $36.1 million, at an average entry price of $2,464, with an unrealized loss of about $738,000, a return rate of -24.1%, and a liquidation price of approximately $2,144.8. On-chain perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale activities from addresses, and delivering in-depth analysis for full visibility.
1 seconds ago
Codex's active users exceed 25 million, just 10 days after hitting the 20 million milestone; paid users' quotas have been reset for two consecutive days.
Beating AI News: OpenAI core product lead Tibo announced that Codex has reached 25 million active users. To mark this milestone, OpenAI has once again reset usage quotas for all paid Codex and ChatGPT Work users, marking the second consecutive day of such resets. Yesterday, OpenAI had already reset quotas for all paid users due to issues with 8 categories of abnormal quota consumption. Tibo had noted at the time that the planned milestone celebration would be moved to the next day, as the reset button had already been pressed that day. The second reset arrived as scheduled today. Codex has seen rapid user growth: as recently as August 21, Tibo announced Codex had hit 20 million active users, alongside a one-time storable quota reset. Just 10 days after that announcement, the user base has grown by another 5 million. Tibo joked in closing: “More news from The Reset Company will be coming soon.”
1 seconds ago
A crypto whale opened a $30 million long position in SOL, the largest new position taken since the weekend.
According to TradingBeats' monitoring, an address starting with 0x13da has been continuously opening long positions on SOL since 23:15 on Sunday, completing its position building at 08:44 today. The address has accumulated 282,700 SOL, with a trading volume of approximately $29.623 million and a weighted average transaction price of around $104.794. All new positions with larger trading volumes in the past 24 hours have been closed out, and as of press time, this address holds the largest single-direction new position since the weekend. Its current SOL long position is valued at roughly $28.805 million, with an unrealized loss of about $818,100, a return rate of -8.28%, a liquidation price of approximately $71.66, and an account net worth of $9.055 million. On-chain perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time Hyperliquid data viewing, enabling deep analysis and full visibility from address tracing to whale operations.
Uniswap’s Robinhood Chain deployment is moving beyond its early launch phase. This comes as liquidity continues to build rather than fading after initial inflows. The chain’s TVL remained low throughout June. However, it accelerated rapidly during July’s mainnet launch, pushing its TVL past $80 million.
The increase in TVL was not short-lived. Instead, it increased further, reaching just above $100 million before reaching roughly $127 million. That represents an approximate 87% gain in TVL since the beginning of the month and nearly a 55% gain in TVL in a single week.
Source: Token terminal This matters because deeper pools allow traders to execute larger transactions with less price impact, making Uniswap [UNI] more practical for active trading.
Meanwhile, the Robinhood chain currently hosts over $700 million worth of DeFi assets. And therefore gives Uniswap access to a growing base of capital.
If the trend of increasing TVL continues, more trading will continue to occur within Uniswap’s pools rather than fleeing the ecosystem.
Uniswap stock-token volume hits record high The increased liquidity now translates to real trading activity as daily volumes of $130 million have been recorded for stock tokens traded through Robinhood Chain.
The activity level has grown approximately ten times higher than it was just last month. So far this growth trend is continuing and shows users are actively utilizing the platform more frequently rather than simply holding their funds.
Additionally, it will likely attract new liquidity providers, which will be beneficial to the overall functionality and user experience of the system.
Source: Token Terminal According to Token Terminal data, nearly 50% is being generated from Uniswap V3, while the other half comes from Uniswap V4. This distribution shows traders can find usable liquidity in both versions.
Therefore, this creates opportunities for a broader range of participants within the protocol.
If that balance holds, Robinhood Chain could support larger stock-token markets without depending on a single Uniswap deployment alone.
Uniswap is now testing whether stronger ecosystem activity can translate into a broader market breakout. After bouncing back up to $4.60 after falling to $3.20, UNI was able to reverse the sharp sell-off, which was caused by the initial rejection.
That recovery matters because it indicated that the sellers were sold to the original levels that originally halted the price run-up during the first week of August. At press time, UNI traded at $4.882, up 11% in 24 hours.
Source: TradingView Meanwhile, RSI at 68.14 shows buyers remain in control without reaching previous momentum extremes. This leaves room for further upside if participation continues. A close above $5.00 will be confirmation that UNI has broken out of its four-month trading range.
However, a rejection above $4.60 and a loss of $4.60 in support will indicate that the new breakout is not sustainable. Therefore, it may retrace towards the support zone of $4.00.
Final Summary Uniswap reached record liquidity and stock-token volume on Robinhood Chain. UNI’s breakout now faces its next test at $5 as $4.60 acts as support.
TLDR: RWA.xyz tracked $38.35B in distributed assets on-chain, up 1.54% in 30 days as holders neared 3 million. Ethereum led distributed RWAs with $17.3B, ahead of BNB Chain at $5.8B and Solana at roughly $4.1B on-chain. Tokenized stock transfer volume jumped over 415% to $29.5B in 30 days, while distributed value hit $2.54B. Ondo Finance offers 440+ tokenized stocks and ETFs, showing how RWAs are expanding beyond Treasury products. Binance co-founder Changpeng Zhao has acknowledged that he underestimated real-world asset tokenization as on-chain assets approach a $39 billion market value. Speaking during a Binance Clubhouse Bali 2026 community Q&A published August 23, Zhao said he paid little attention to RWAs 18 months earlier.
CZ: I Definitely Underestimated the Growth of RWA
Binance founder Changpeng Zhao (CZ) @cz_binance said during the Binance Clubhouse Bali 2026 Community Q&A on August 23 that until about a year and a half ago, he did not expect RWA to grow to such a large scale, but now he is… pic.twitter.com/jPnJ9tV3ms
— Wu Blockchain (@WuBlockchain) August 30, 2026
That view has changed as traditional financial instruments increasingly move onto blockchain networks. Zhao said 24/7 trading, transparency, lower fees, and global access now give tokenization clear advantages over traditional market structures. He also noted that earlier crypto trends, including NFTs and memecoins, grew far beyond his initial expectations.
CZ Reassesses RWA Growth as On-chain Value Nears $39B The market data now helps explain CZ’s shift in perspective. RWA.xyz recorded $38.35 billion in distributed real-world assets on-chain as of August 28, excluding stablecoins. That total increased 1.54% over 30 days, while the number of asset holders more than doubled during the same period.
Nearly 3 million wallets now hold distributed RWAs, reflecting a 104% monthly increase. Separately, RWA.xyz tracked $380.88 billion in represented asset value across the broader tokenization market.
Source: RWA.xyz
Ethereum remained the largest blockchain for distributed RWAs, holding about $17.2 billion. BNB Chain followed with $5.7 billion, while Solana accounted for approximately $4.1 billion. Within that market, tokenized Treasury products remain among the sector’s largest individual assets.
Circle’s USYC stood near $2.88 billion, while BlackRock’s BUIDL reached roughly $2.76 billion. Ondo Finance’s USDY followed at about $2.19 billion. However, tokenized equities are becoming a faster-growing segment.
Monthly transfer volume for tokenized stocks surged more than 415% to $29.5 billion during the latest 30-day period. Their distributed value reached $2.54 billion, representing growth of about 637% from one year earlier.
Ondo Finance has also expanded the practical reach of tokenized equities. The platform now offers more than 440 tokenized stocks and exchange-traded funds to eligible non-U.S. investors across several blockchains.
Tokenized Stocks Surge as Regulation Moves Closer The expansion of Tokenized Assets is also unfolding alongside clearer regulatory discussion in the United States. The Securities and Exchange Commission issued January guidance explaining how federal securities laws apply to tokenized securities.
The guidance distinguished issuer-sponsored tokens from third-party tokenized products, giving the market a clearer framework for understanding different token structures. SEC Chair Paul Atkins later said the agency’s 2026 agenda includes clearer rules covering custody and trading of tokenized securities on-chain .
Meanwhile, CZ did not describe RWA growth as crypto’s next guaranteed dominant trend. Instead, he grouped RWAs with perpetual decentralized exchanges and AI agents as emerging sectors that could shape the industry’s next phase.
His reassessment nevertheless reflects a measurable shift in the market. Tokenized Assets now span government debt, equities, commodities, credit, and other traditional instruments, while distributed value has moved close to $39 billion.
For CZ, the change is less about predicting the next crypto narrative and more about recognizing an existing market transformation. RWAs have moved from a niche concept toward financial infrastructure with rapidly growing users, assets, and transaction activity.
Charles Schwab, one of the largest brokerage firms in the United States, has introduced a framework dividing five major digital assets based on their roles and risk profiles in investment portfolios. Adam Lynch, director of global equity research at Charles Schwab, outlined the firm’s approach, emphasizing the distinct functions and risk levels of each cryptocurrency.
Asset categorization in the Schwab crypto strategySchwab’s digital asset strategy positions Bitcoin and Ethereum as core portfolio components. Lynch characterized Bitcoin as a “classic debasement hedge,” highlighting its use in scenarios where fiat currency faces declining purchasing power. He noted that concerns about inflation and currency debasement justify Bitcoin’s presence in diversified investment portfolios.
Ethereum, though also discussed in relation to themes of currency debasement, is credited by Lynch as having broader functionality within the blockchain ecosystem. He pointed to Ethereum’s ability to support decentralized applications and smart contracts, distinguishing it from Bitcoin’s primary role as a store of value.
In contrast, Lynch classified Solana, XRP, and Hyperliquid as higher-volatility assets within the Schwab approach. He suggested these coins serve as complementary allocations, with their greater price fluctuations positioning them as higher-risk investments compared to Bitcoin and Ethereum.
Lynch explained, “Each asset category in our strategy serves a unique role. We do not treat cryptocurrencies as a single, undifferentiated asset class.”
Schwab’s strategy differentiates between core assets like Bitcoin and Ethereum, and higher-volatility options such as Solana, XRP, and Hyperliquid, aiming to create diversified exposure while managing risk.
This tailored asset division reflects Charles Schwab’s broader philosophy of employing asset-specific investment theses and not viewing the crypto market as a monolith.
Expansion of digital asset offeringThe evolution of Schwab’s crypto strategy aligns with continued platform development. The company recently announced the addition of Solana, Avalanche, and Chainlink to its crypto trading offerings. This move expands the available assets and provides clients with more choices beyond Bitcoin and Ethereum.
Solana, Avalanche, and Chainlink are each prominent blockchain protocols, with Solana known for its high-speed, low-cost transaction network; Avalanche notable for its customizable blockchain infrastructure; and Chainlink serving as a leading decentralized oracle network.
Mini dictionary: Hyperliquid is a decentralized perpetual trading protocol that offers zero-gas, instant transactions and utilizes off-chain order books for improved speed and efficiency compared to traditional on-chain decentralized exchanges.
Recent filings show Goldman Sachs holds the largest reported institutional position in Solana ETFs, investing $88 million. However, reporting requirements do not capture all institutional holders, suggesting real Wall Street exposure to Solana could be higher.
AssetCategoryRecent Schwab ActionBitcoinCoreDirect trading enabledEthereumCoreDirect trading enabledSolanaHigher volatilityAdded to platformAvalancheHigher volatilityAdded to platformChainlinkHigher volatilityAdded to platformXRPHigher volatilityStrategic assetHyperliquidHigher volatilityStrategic assetMarket context and recent price movesSchwab’s updated crypto strategy arrives amid heightened volatility in cryptocurrency markets. Bitcoin’s price fell below $77,000 after US Federal Reserve Chair Kevin Warsh delivered hawkish comments at the Jackson Hole conference, signaling a potential tightening of monetary policy and the likelihood of interest rate hikes.
With inflation in the United States remaining above the central bank’s 2% target for 65 consecutive months, forecasts of an imminent easing in monetary policy have become less likely. Warsh’s consistently hawkish stance since taking office has contributed to persistent uncertainty in financial markets.
Charles Schwab’s strategy, which attributes unique roles to each cryptocurrency, seems to be a response to both structural developments in the digital asset space and ongoing macroeconomic pressures from monetary authorities.
Following its listing on Binance derivatives, the token "牛来" extended its strong run, with its market capitalization surging past $140 million to reach a new all-time high.
According to GMGN market data, after launching on Binance Futures in the evening, BSC-based meme coin "Niu Lai" has shown strong performance, with its market cap briefly surging past $140 million to hit an all-time high. It is now trading at $130 million, up over 159% in the past 24 hours, with a 24-hour trading volume of $63.6 million. BlockBeats reminds users that most meme coins have no real use cases, experience significant price volatility, and caution is required for investments.
5 hours ago
Serenity intensifies its bullish stance on Macronix: DDR3 price hikes have far exceeded sell-side expectations, average selling price (ASP) revised up to double sequentially, and operating leverage is fully unlocked.
Serenity published a report analyzing the sell-side research on ESMT (Jinghao Ke, stock code 3006). In March, South China Securities projected ESMT’s Q2 DDR3 4Gb contract price would rise around 50% quarter-on-quarter, while Fubon Securities forecast DRAM prices would increase 40% quarter-on-quarter. By August, South China Securities had revised ESMT’s Q2 aggregate ASP upward to a 105% to 113% quarter-on-quarter rise, explicitly stating DDR3’s price increase was “significantly better than expected”. Serenity argues that the price hike in niche memory chips is no longer just a revenue story, but a major profit amplifier, with operating leverage stretched to an extreme. Powerchip’s wafer costs may double in the second half of the year, and customers’ willingness to absorb cost pass-through has far exceeded expectations. ESMT’s single-month net profit in July was around $109 million, far exceeding earlier model assumptions. Roughly annualized, this values the stock at as low as a 1.9x P/E ratio. DDR3 is mainly used in products like IP cameras and hard drives. Memory chips account for a very small share of customers’ total bill of materials (BOM), so even a few dollars more per chip is far cheaper than the cost of redesigning and re-certifying products, making demand relatively inelastic. The consensus view is that peers are shifting production capacity to high-value products like HBM and DDR5, leading to structural tightening in DDR3 and DDR2 supply.
5 hours ago
Analysis: BTC marks the third time in history of significant underperformance relative to the Nasdaq, with both prior instances seeing strong, independent rallies.
Analyst Rekt Fencer has published a 3-day ratio chart of Bitcoin (BTC) and the Nasdaq, marking three major drawdowns: roughly -84.9% in 2018, -80.7% in 2022, and the current -54.3% in 2026. The analyst pointed out that after Bitcoin underperformed the Nasdaq by such wide margins in the prior two instances, it went on to post very strong independent rallies, with prices surging sharply thereafter. With the current ratio dropping significantly again, history may repeat for the third time: the bottom is approaching, and BTC will regain strength going forward.
5 hours ago
Perspective: On-chain retail Bitcoin (BTC) activity has hit a two-year high, and the minor pullback appears more like position rotation rather than a market top.
CryptoQuant analyst Darkfost stated that on-chain retail Bitcoin activity has reached a two-year high. The current slight pullback from the $80,000 level is more of a rotation than a market top, Bitcoin’s medium-term demand remains strong, and investor demand for the cryptocurrency has increased by 17.4% over the past 30 days.
5 hours ago
Trump: Will Fill U.S. National Strategic Petroleum Reserve With Venezuelan Oil
US President Trump announced that the United States will fill its national strategic reserve with Venezuelan oil, and the process to replenish the reserve to full capacity will begin soon.
George Town, Cayman Islands, 25th August 2026, ChainwireBy Chainwire
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George Town, Cayman Islands, August 25th, 2026, Chainwire
THORChain, a decentralized exchange, announced the launch of THORChain 3.20, an upgrade introducing native support for Monero (XMR) and Zcash (ZEC) swaps.
Until now, moving between privacy coins such as XMR or ZEC and the crypto market has required users to rely on centralized exchanges, custodial services, or additional intermediary steps. With THORChain 3.20, users can natively swap XMR and ZEC against assets including Bitcoin (BTC), Ethereum (ETH), and stablecoins directly through THORChain.
No wrapped versions of XMR or ZEC are required. Users do not need to create an account or hand custody of their assets to a centralized entity. This is a significantly more direct route between privacy-focused cryptocurrencies and the most widely used assets in crypto.
For Monero holders, access to the broader crypto market has become an increasingly important issue as XMR continues to be removed or restricted by centralized exchanges. THORChain’s integration provides an alternative based on native assets and self-custody rather than requiring users to deposit their coins with an exchange.
The release is one of THORChain’s most significant upgrades to date. In addition to Monero and Zcash integration, version 3.20 introduces several broader changes to the protocol, including Protocol-Owned Liquidity (POL) and the new Stable Reserve, alongside renewed support for Solana, Base, and BNB. The Stable Reserve introduces stablecoin-to-stablecoin swaps with no liquidity fees, and Protocol-Owned Liquidity gives THORChain additional mechanisms for deploying protocol capital across the network.
The move builds on THORChain’s core proposition of allowing users to exchange native cryptocurrencies across otherwise disconnected blockchain networks without handing control of their assets to an intermediary.
THORChain already enables native cross-chain swaps across assets including Bitcoin and Ethereum. The addition of privacy-focused networks expands that model into an area of the crypto market where decentralized access has been far more limited until today.
About THORChain
THORChain is a decentralized exchange that enables users to swap native digital assets across different blockchain networks without relying on wrapped assets or centralized custodians. It allows users to exchange assets including Bitcoin, Ethereum, and other supported cryptocurrencies while maintaining a self-custodial experience.
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.
Following its listing on Binance derivatives, the token "牛来" extended its strong run, with its market capitalization surging past $140 million to reach a new all-time high.
According to GMGN market data, after launching on Binance Futures in the evening, BSC-based meme coin "Niu Lai" has shown strong performance, with its market cap briefly surging past $140 million to hit an all-time high. It is now trading at $130 million, up over 159% in the past 24 hours, with a 24-hour trading volume of $63.6 million. BlockBeats reminds users that most meme coins have no real use cases, experience significant price volatility, and caution is required for investments.
4 hours ago
Serenity intensifies its bullish stance on Macronix: DDR3 price hikes have far exceeded sell-side expectations, average selling price (ASP) revised up to double sequentially, and operating leverage is fully unlocked.
Serenity published a report analyzing the sell-side research on ESMT (Jinghao Ke, stock code 3006). In March, South China Securities projected ESMT’s Q2 DDR3 4Gb contract price would rise around 50% quarter-on-quarter, while Fubon Securities forecast DRAM prices would increase 40% quarter-on-quarter. By August, South China Securities had revised ESMT’s Q2 aggregate ASP upward to a 105% to 113% quarter-on-quarter rise, explicitly stating DDR3’s price increase was “significantly better than expected”. Serenity argues that the price hike in niche memory chips is no longer just a revenue story, but a major profit amplifier, with operating leverage stretched to an extreme. Powerchip’s wafer costs may double in the second half of the year, and customers’ willingness to absorb cost pass-through has far exceeded expectations. ESMT’s single-month net profit in July was around $109 million, far exceeding earlier model assumptions. Roughly annualized, this values the stock at as low as a 1.9x P/E ratio. DDR3 is mainly used in products like IP cameras and hard drives. Memory chips account for a very small share of customers’ total bill of materials (BOM), so even a few dollars more per chip is far cheaper than the cost of redesigning and re-certifying products, making demand relatively inelastic. The consensus view is that peers are shifting production capacity to high-value products like HBM and DDR5, leading to structural tightening in DDR3 and DDR2 supply.
4 hours ago
Analysis: BTC marks the third time in history of significant underperformance relative to the Nasdaq, with both prior instances seeing strong, independent rallies.
Analyst Rekt Fencer has published a 3-day ratio chart of Bitcoin (BTC) and the Nasdaq, marking three major drawdowns: roughly -84.9% in 2018, -80.7% in 2022, and the current -54.3% in 2026. The analyst pointed out that after Bitcoin underperformed the Nasdaq by such wide margins in the prior two instances, it went on to post very strong independent rallies, with prices surging sharply thereafter. With the current ratio dropping significantly again, history may repeat for the third time: the bottom is approaching, and BTC will regain strength going forward.
4 hours ago
Perspective: On-chain retail Bitcoin (BTC) activity has hit a two-year high, and the minor pullback appears more like position rotation rather than a market top.
CryptoQuant analyst Darkfost stated that on-chain retail Bitcoin activity has reached a two-year high. The current slight pullback from the $80,000 level is more of a rotation than a market top, Bitcoin’s medium-term demand remains strong, and investor demand for the cryptocurrency has increased by 17.4% over the past 30 days.
4 hours ago
Trump: Will Fill U.S. National Strategic Petroleum Reserve With Venezuelan Oil
US President Trump announced that the United States will fill its national strategic reserve with Venezuelan oil, and the process to replenish the reserve to full capacity will begin soon.
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.
Cronos stopped its entire blockchain on Sunday after an attacker drained Tectonic, the biggest lending protocol on the network. Crypto.com said its own app and exchange were never touched.
Most of the money never left the chain before validators pulled the plug, likely explaining why the CRO token price remained unaffected, surging nearly 5%.
Cronos (CRO) Price Performance. Source: BeInCryptoThese are names, representing three different things. Crypto.com built Cronos, an Ethereum-style chain, and issues the CRO token securing it.
Tectonic is not Crypto.com’s code. It launched in December 2021 out of the Cronos Labs incubator and runs independently.
That makes the Crypto.com reassurance true but narrow. The exchange was never exposed. Tectonic depositors are another matter.
Tectonic was still almost the whole lending market on Cronos. It held about $121.6 million, or 46% of all DeFi value on the chain, DefiLlama data shows. The next biggest lender holds about $30,000.
What the Companies ConfirmedCronos Network said it found the exploit and halted block production. Tectonic warned depositors to stay away.
Crypto.com CEO Kris Marszalek said the app and exchange ran normally, with a postmortem to follow.
There has been a security breach on a Cronos lending protocol Tectonic. Cronos team is investigating, with assistance from https://t.co/JNeHyErmqH security team. https://t.co/JNeHyErmqH app and exchange were not affected and are operating as usual. All funds are safe.
I will…
— Kris (@kris) August 30, 2026
Follow us on X to get the latest news as it happens
Nobody has said whether Tectonic depositors will be repaid.
Why This Tectonic Exploit Could End DifferentlyResearcher Weilin Li put the drain at roughly $75 million. Only about $6 million reached Ethereum before the freeze, Li said. Some $60 million sits stranded on Cronos. That is about 91% of the haul, going nowhere.
Treat those numbers as provisional, as nothing is confirmed until the postmortem lands.
Compare the $8.7 million Moonwell exploit three days earlier. Base kept producing blocks. The money walked.
Cronos could stop because of how it is built. It runs on Tendermint with a cap of 100 validators, making a coordinated pause realistic.
We identified an exploit in Tectonic.
The Cronos Network has been halted and we'll provide updates here
— Cronos Network (@CronosNetwork) August 30, 2026
There is also precedent. A bridge exploit minted $570 million on BNB Chain in October 2022. Within five hours, 26 validators paused the network and recovered close to $470 million.
The trade-off is the one raised by the Linea chain halt debate. A chain somebody can switch off is also a chain that can claw money back. Same property, judged twice.
Validators now pick. Roll back, blacklist the attacker, or restart untouched. That decides whether the tentative $60 million comes home.
An estimated $390 billion in stablecoin payments took place in 2025, according to McKinsey and Artemis. But inside this market, AI agents are creating an interesting kind of payment activity.
Research shows that agents completed more than 176 million on-chain transactions worth over $73 million between May 2025 and April 2026. But most of them were very small transactions.
The median x402 payment was between $0.01 and $0.10, while 76% of transactions fell below the $0.30 fixed-fee threshold for card payments. USDC accounted for 98.6% of settlements.
Annual Stablecoin Payments in 2025. Source: McKinsey Although the transaction amounts are small, the frequency of AI agentic payments is staggering — 173 million.
Software can buy data, compute and other services hundreds or thousands of times without the human behaviors that define conventional commerce. For example, opening an account, entering card details, approving an invoice or waiting until the next banking day.
XDC Network believes this offers an early glimpse of how more payments could work in future.
“Money has always moved as fast as the slowest part of the process, like a bank, a clearinghouse, or normal business hours,” Atul Khekade, Co-Founder of XDC Network, told BeInCrypto. “Agents just show what happens when you get rid of those delays. Payments stop being something you wait around for and turn into a continuous process happening in the background at the speed of the underlying network.”
Machine Payments Software can transact continuously. An AI service may need a weather feed for one calculation, a market-price API several seconds later, and compute resources immediately afterward.
Each interaction can carry its own price, turning what might once have been a monthly subscription or invoice into thousands of individual transactions.
That helps explain why Keyrock found activity spread across such a large population of AI agents and service directories. The report found more than 104,000 agents registered across at least 15 directories by the end of the first quarter of 2026.
The economics favor systems that can handle payments measured in cents or fractions of a cent. The payments industry is already preparing:
Stripe launched the Machine Payments Protocol, or MPP, in March. The open standard allows agents and services to coordinate micropayments and recurring payments programmatically, with Stripe supporting stablecoins as well as traditional payment methods; Google’s Agent Payments Protocol, or AP2, concentrates on proving user authorization and establishing an auditable record of what an agent was permitted to buy. Google transferred the protocol to the FIDO Alliance in April and added support for autonomous “Human Not Present” transactions; Cloudflare entered the market in August with Cloudflare Wallets and cloudflare.pay, giving agents identities and programmable spending controls. Its payment tools support both x402 and MPP; Mastercard’s Agent Pay for Machines service, announced in June, is designed for continuous, high-frequency and low-value payments, with settlement across cards, accounts and stablecoins. More than 30 companies, including Stripe, Coinbase, Cloudflare and Tempo, were named among its initial supporters. 2️⃣ Secure agentic purchases on Google
✅ We designed Agent Payments Protocol (AP2) to help agents make secure payments on your behalf — with boundaries and accountability to give you peace of mind.
✅ AP2 lets you set strict guardrails for agentic payment transactions. Just…
— Google (@Google) May 27, 2026 Invisible Settlement XDC’s contribution to this market is XDCAI.tech, which uses the open x402 protocol originally introduced by Coinbase.
x402 turns the HTTP ‘402 Payment Required’ response into a payment mechanism. An agent requests a resource, receives its price, authorizes the payment, and repeats the request with proof of payment. The process allows software to purchase an API call or another digital service within the same interaction.
Coinbase introduced the protocol in May 2025, and its use has since expanded through integrations with companies including AWS.
XDC AI applies x402 to USDC settlement on XDC Network. Users fund a smart wallet with USDC and establish an on-chain spending limit. An agent can then pay an x402-enabled service per request. EIP-3009 allows the payment to be signed off-chain while a relayer covers the network fee, leaving the agent itself to hold and spend USDC.
For years, AI agents could reason, plan, and execute tasks.
But they couldn't pay.
APIs, subscriptions, checkout pages, and payment flows were built for humans — not autonomous software.
So we built XDC AI.
A platform that gives AI agents a wallet, lets them discover…
— Rushabh Parmar (@rushabh96975767) July 11, 2026 The system can also connect to AI applications through MCP or a command-line interface, allowing agents running through products including ChatGPT, Claude, Cursor, and Codex to discover and pay for services.
XDC already had much of the underlying settlement infrastructure in place. Native USDC and Circle’s CCTP went live on XDC in September 2025.
XDC lists two-second block times, six-second finality, and transaction costs around $0.00001, characteristics aimed at high-volume financial applications.
Invoices Could Disappear Invoices package several functions together. They communicate what is owed, set payment terms, and provide records for reconciliation and accounting. Many businesses then wait days or weeks for the actual transfer to arrive.
Software dealing with software can compress part of that cycle. A service can state its price in a machine-readable format, an authorized agent can evaluate the request, and payment can be settled immediately. Transaction records can then feed directly into treasury and accounting systems.
Next wave of payments = AI + Agentic Commerce.
XDC is building the infrastructure:
• x402 micropayments
• Gasless USDC settlement
• Real-time, sub-cent autonomous payments for AI agents
Tonight in NYC, @atulkhekade shares how we’re making this a reality. The future of… https://t.co/FokrYWhAbw
— XDC Network (@XDCNetwork) July 9, 2026 This comes as agents are taking on increasing responsibility for procurement, cloud spending, portfolio management, and recurring commercial obligations. A company could eventually give an agent a budget and a set of rules, then allow it to buy compute when demand rises, renew services, pay suppliers or rebalance liquidity within those boundaries.
XDC therefore sees today’s one-cent API payment as the smallest version of something much larger.
The card networks see it too. Visa’s stablecoin settlement program reached a $7 billion annualized run rate in April after growing 50% quarter-over-quarter and expanding to nine blockchains. Mastercard announced stablecoin settlement across networks including Ethereum, Solana, Base, Polygon, Tempo and XRPL in June.
The competition is consequently broader than blockchain networks attempting to replace card companies. Visa, Mastercard, Stripe, Google, Coinbase, Cloudflare and blockchain developers are increasingly building interoperable pieces of the same machine-commerce market.
The Other Half of the Problem Greater autonomy raises questions about permission and accountability.
An agent paying 3 cents per API request incurs limited financial exposure. However, an agent managing a corporate treasury or procurement budget needs controls around authorization, counterparties, limits, and auditability, which is why the major platforms are converging on different pieces of the same problem. This explains why:
Google has concentrated on cryptographic mandates that record what a user authorized; Cloudflare lets owners impose spending caps and approved merchant lists; Mastercard’s system combines agent credentials with permissioning rules; XDC AI places spending limits at the wallet level Those controls determine how quickly agentic payments graduate from micropayments into larger financial relationships.
They also temper the idea that cards and invoices disappear on a fixed timetable. Card networks are already adapting their products for autonomous software, while invoices serve legal, tax, credit and accounting functions that extend beyond transferring funds.
XDC believes that payment and service delivery can happen almost simultaneously: APIs, data, compute, digital services and other machine-to-machine transactions. Success there could establish the habits and technical standards that would later be used for larger transactions.
Khekade expects the terminology itself to disappear as the technology becomes commonplace.
“In 5 years nobody will describe this as agentic payments, the same way nobody today calls a wire transfer an internet payment,” he said. “It will just be how value moves. The interesting question is not whether that happens, it is which networks were actually built for it versus which ones bolted it on afterward.”
On-chain data shows that Aave V4’s user deposits have reached $806 million, surging 30% in seven days to an all-time high, while its active loan volume stands at $216 million. Currently, Aave V4 is deployed across Ethereum, Optimism, and Avalanche, with deposit breakdowns as follows: $378 million in Ethereum Core, $257 million in EtherFi Cash on Optimism, $75 million in Ethereum Global Dollar, and $63 million in Ethereum Prime. Aave V3’s user deposits still total $31 billion, of which Ethereum Core accounts for $25 billion.
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Independent OpenZeppelin review of TxFlow’s bridge contract marks another step in TxFlow’s approach to security as its L1, DEX, and builder ecosystem continue to develop.
TxFlow announces the completion of an independent security audit by OpenZeppelin, one of the world’s most established blockchain security firms, trusted by major organizations and protocols including Coinbase, the Ethereum Foundation, Uniswap, Aave, Arbitrum, ZKsync, Compound, and others.
OpenZeppelin’s review covered TxFlow’s bridge contract, a critical component of the infrastructure supporting the movement of capital between external networks and TxFlow L1. OpenZeppelin’s review identified zero critical and zero high-severity findings. One medium-severity finding was identified and resolved during the audit process.
The independent review forms part of TxFlow’s broader approach to incorporating external security expertise as its financial infrastructure and ecosystem continue to develop. Alongside TxFlow DEX and continued L1 development, TxFlow is also building Builder Code, with additional details to be announced as both initiatives move closer to release. Together, these developments support TxFlow’s broader objective: to build a Layer 1 designed specifically for financial markets, bringing trading, liquidity, and financial applications onto one blockchain where all finance happens.
Security at TxFlow L1 is a continuous responsibility: An Independent Review by OpenZeppelin As part of this commitment, we work with leading independent security experts to rigorously assess our infrastructure. In 2026, OpenZeppelin completed a security audit of Bridge2, the USDC bridge connecting Arbitrum One to TxFlow L1. TxFlow aims to continue to strengthen its security architecture, monitoring, and operational safeguards as the network evolves. The audit report provides the technical scope, findings, and assessment from OpenZeppelin and is available for the community to review directly.
TxFlow’s broader bridge infrastructure supports deposits and withdrawals across Arbitrum One, Ethereum, Base, Polygon PoS, and Solana. TxFlow’s documented bridge flow includes controls around the movement of funds, including validator-approved withdrawals and a built-in safety wait before withdrawals are completed.
These controls form part of TxFlow’s approach to protecting one of the most important functions of financial infrastructure: the movement of capital between networks.
Global-Grade Security from the Ground Up TxFlow is building its security program with the standards expected of serious financial infrastructure in mind. To support that approach, TxFlow engaged OpenZeppelin, one of the world’s most established blockchain security firms. OpenZeppelin has completed more than 900 security audits, identifying more than 10,000 issues, including 700+ critical and high-severity vulnerabilities, across blockchain protocols and financial infrastructure.
Its security work spans major crypto organizations and ecosystems including Coinbase, the Ethereum Foundation, Uniswap, Aave, Arbitrum, ZKsync, Optimism, and Compound, as well as established financial institutions and infrastructure providers including DTCC, Fidelity Digital Assets, WisdomTree, ANZ, and CACEIS.
For TxFlow, working with globally recognized security specialists at an early stage establishes a clear approach: independently review critical infrastructure as the network and ecosystem grow. Security is not an add-on to financial infrastructure. It is part of the infrastructure itself.
Building Infrastructure for On-chain Finance TxFlow L1 is designed specifically for financial markets and applications.
TxFlow DEX, a fully on-chain central limit order book for perpetual markets, is the first application built on TxFlow L1. The DEX is the first product operating on a broader infrastructure layer. TxFlow L1 is designed to support multiple financial applications and markets on the same network, including perpetuals, spot markets, prediction markets, and new categories of on-chain financial products. Through TxFlow Improvement Protocol (TIP) Liquidity Standards, Channels can connect to common execution, settlement, and liquidity infrastructure rather than operating as isolated applications.
For traders, that means infrastructure designed around markets from the start.
For builders, it creates a foundation for developing new financial applications on a network designed for trading, liquidity, and settlement.
What’s Next: Builder Code Alongside continued development of TxFlow L1 and TxFlow DEX, the team is building two new ecosystem initiatives: TxFlow Builder Code.
Builder Code is being developed to expand how builders and ecosystem participants can contribute to and grow alongside the network. For the TxFlow community, these initiatives represent the next stage of ecosystem growth: more ways for traders to participate, more ways for builders to contribute, and more activity across the TxFlow network.
About TxFlow L1 TxFlow L1 is a high-performance blockchain built for on-chain financial infrastructure, organized around TIP Liquidity Standards that define how financial products are built, composed, and settled on-chain. TxFlow DEX is the first Channel on TxFlow L1, a CLOB orderbook DEX for perpetual trading, processing over 250,000 TPS with one-block finality. Through its TxFlow Improvement Protocol standards and Channel architecture, TxFlow enables spot markets, derivatives, prediction markets and future financial products to operate on the same chain while connecting to shared execution and settlement infrastructure where all finance happens. TxFlow L1 is building an open, composable and community-owned financial ecosystem in which each new application can strengthen the infrastructure available to those that follow.
About OpenZeppelin OpenZeppelin is a leading security partner for on-chain finance, trusted by organizations including DTCC, Fidelity Digital Assets, WisdomTree, Coinbase, Uniswap, Aave, and the Ethereum Foundation. Since 2015, OpenZeppelin has secured more than $35 trillion in value transferred and delivered 900+ security engagements, surfacing more than 10,000 vulnerabilities across critical on-chain infrastructure. Its open-source smart contract libraries are an industry standard used across leading stablecoins, tokenized assets, and blockchain applications.
More than $64 million poured into the Blokyz NFT sale in 24 hours. But the company had to refund most of this money, keeping less than $600,000.
Blokyz is a Web3 collectibles company that has made physical resin figures for brands including CoinGecko, Arbitrum, and KuCoin. Its latest project was much larger: a collection of 10,000 Original Blokyz NFTs on Ethereum.
How $64 Million Chased 7,500 NFTsBlokyz reserved 7,500 NFTs for a public raffle at 0.03 ETH each, roughly $75 at the time. Anyone could enter; there was no limit on entries per wallet, and every unsuccessful entry would receive its 0.03 ETH back.
The raffle stayed open for 24-hours throughout that period, even though there were already enough entries to fill every available spot. Buying more tickets meant locking up more ETH temporarily, rather than losing the full entry price each time the raffle failed.
By the close, 22,443 wallets had submitted 853,964 entries, committing 25,618.92 ETH worth $64.4 million. That worked out to roughly 114 entries chasing each available NFT.
But only 7,500 winning entries could actually settle. At 0.03 ETH each, Blokyz could keep just 225 ETH, or about $566,000.
So, initially it looked like Blokyz made a new NFT sale record with $64 million. Surprising for a time when NFTs are supposed to be dead. But it turns out, most of this money was temporarily queued for refund.
Was It a Record? Nobody Can SayBy money earned, it is not close. Yuga Labs, the studio behind Bored Ape Yacht Club, made roughly $410 million from its mints. Blokyz did not earn enough to appear on that list at all.
Lifetime NFT Earnings, Mint Revenue Plus Royalties. Source: DefiLlama, OpenSea, EtherscanBy money queued, it might be a genuine record. Nobody tracks that, though. Public rankings measure what a project keeps, not what passed through its hands.
The most striking thing about this sale is the one thing nobody can check. Something real did happen, as the figures now trade at about five times what they cost, so most winners chose to keep them.
Original Blokyz Floor Price Chart. Source: CoinStatsMeanwhile, scale still argues for caution because the wider NFT market is worth around $2 billion, while Bitcoin (BTC) alone is worth $1.6 trillion. A hot weekend for collectibles is not a sign of a returning bull market.
The real test starts now that 22,000 people just got their money back. Will they really spend it on the same thing again?
WhiteBIT’s native token WBT has reached a new all-time high. The milestone lands during a period of genuine activity across the WhiteBIT ecosystem, including the fourth anniversary of WhiteBIT Coin and the relaunch of Whitechain as a distribution-focused Ethereum Layer 2. The combination of a token record and infrastructure development happening at the same time is worth paying attention to.
WBT’s Record Arrives as Whitechain Enters Its Next Phase Whitechain’s relaunch isn’t a minor update. Moving to an Ethereum Layer 2 model means the network is being rebuilt around scalability and broader blockchain adoption rather than staying in its original form.
Layer 2 networks have become an important part of the Ethereum ecosystem. They allow applications to process activity more efficiently while staying connected to Ethereum’s underlying infrastructure. For WhiteBIT, this transition means Whitechain can support a wider range of future applications and developers while maintaining a real connection to the broader blockchain environment.
WBT sits at the center of this. The token connects exchange activity, blockchain development, and future platform initiatives across WhiteBIT’s expanding infrastructure. As Whitechain evolves, WBT’s role within the ecosystem grows alongside it.
What WBT’s Utility Actually Covers WBT’s utility goes well beyond a simple exchange token. Holders get trading-fee discounts, which reduce the cost of active trading on the platform. Staking opportunities let users earn rewards on held tokens. The referral reward system gives users a way to generate income through network growth. Launchpad access gives WBT holders early entry into new projects listed on the platform.
WBT also functions as the native asset within Whitechain, which means its role expands directly as the Layer 2 network grows. That native asset function is the connection between the token’s exchange utility and the broader blockchain infrastructure WhiteBIT is building.
WhiteBIT Has Been Building Beyond Exchange Services WhiteBIT started as a cryptocurrency exchange. That’s still a core part of what the company does, but it’s no longer the whole picture. The company has expanded into additional areas including blockchain infrastructure, financial products, and technology initiatives.
The Whitechain development is the clearest example of that shift. By building its own blockchain infrastructure, WhiteBIT is creating a foundation for future applications rather than depending entirely on existing networks. That kind of infrastructure investment tends to have a longer payoff horizon, but it also builds something that’s genuinely harder to replicate.
The Ethereum Layer 2 direction also reflects broader industry demand. Blockchain networks that combine scalability with established security foundations are attracting developer attention. WhiteBIT is positioning Whitechain to compete in that environment.
What the All-Time High Means in Context WBT reaching a new record during a period of infrastructure expansion reflects more than just market sentiment. The token has been accumulating utility across a growing ecosystem, and Whitechain’s relaunch adds another layer to that structure.
The fourth anniversary of WhiteBIT Coin also matters here. Four years of ecosystem development don’t happen overnight. The token’s evolution from a straightforward exchange utility asset to a core component of a broader blockchain ecosystem reflects consistent work rather than a single product launch.
WhiteBIT continues building blockchain capabilities and developing products around digital asset adoption. The WBT all-time high marks where that work stands right now.
What’s Ahead for WBT Token WBT is trading near $72.5 after gaining approximately 30.88% over the week. The token broke above the $55 to $60 resistance zone with strong volume, reaching an ATH of $72.21. Current resistance sits at $72 to $75, followed by the psychological $80 level. Key support levels are located around $60 to $62, with stronger support near $54 to $56. The $401.76M 24-hour volume suggests strong market participation behind the breakout.
$ETH posted a 30% gain in the past week, its largest weekly advance since May 2025, and before that, July 2021. For Fundstrat's Tom Lee, the move is less a one-off surge and more a signal of what could come next.
Lee Points to History and Macro TailwindsLee has argued that the pattern matters. In his view, the current move fits the same setup. adding another potential catalyst to his Ethereum thesis.
Beyond macro conditions, Lee has flagged two structural drivers he sees as particularly relevant for $ETH. Lee named Ethereum an unexpected leader of the next leg higher, alongside the Magnificent Seven and software stocks.
Bitmine's Position Keeps GrowingLee serves as chairman of Bitmine Immersion Technologies, an Ethereum treasury firm he is closely associated with. Combined crypto, cash, and strategic holdings totalled $14.9 billion.
making Bitmine the largest ETH staker in the world by that measure.
Sources:
Bitmine Press Release: ETH Holdings Reach 5.85 Million Tokens (PR Newswire, August 2026)
Tom Lee Spots Good Sign as Ethereum ETFs Buy $189M (Yahoo Finance)
Bitmine Nears Massive Ethereum Milestone as ETH Holdings Reach 5.85 Million (CryptoPotato)
