Track market-moving stories before they get noisy

European institutional tokenization just got a new backbone. Cashlink Technologies GmbH has announced a strategic partnership with Ava Labs, bringing the Avalanche blockchain into its regulated securities infrastructure and expanding the options available to some of Germany’s most prominent financial institutions.

The announcement, made on August 31, adds Avalanche to a platform that has already processed more than €1 billion in transaction volume across over 300 live issuances. For context, that figure climbed from €850 million, meaning Cashlink has been moving quickly even before this integration landed.

What Cashlink actually does Cashlink holds a BaFin license as a crypto securities registrar and custodian, which is the German regulatory stamp that allows it to sit at the intersection of traditional capital markets and blockchain infrastructure.

Advertisement

Its client roster reads like a tour of German institutional finance: KfW, NRW.BANK, DZ Bank, and Helaba are all live on the platform.

CEO Michael Duttlinger put the rationale plainly, pointing to Avalanche’s grasp of what regulated financial markets actually require.

The multi-chain strategy taking shape Avalanche is not Cashlink’s first blockchain rodeo. The company already has a partnership with Polygon and took a strategic stake in Stellar in April 2026. Adding Avalanche brings the total to three major networks, each with different strengths and different institutional audiences.

Olivia Vande Woude from Ava Labs flagged the commitment to secure infrastructure as central to the partnership’s appeal.

Positioning as a neutral, multi-chain provider is a deliberate strategic choice. Cashlink is not betting on one blockchain winning the institutional tokenization race outright. Instead, it’s building the layer that sits above the competition, letting clients pick their preferred network without changing platforms.

What this means for European capital markets The broader context is a European capital markets landscape that has been slowly, then suddenly, warming to tokenized securities. Germany’s Electronic Securities Act, which came into force in 2021, created the legal basis for crypto securities to exist without paper certificates. BaFin-licensed custodians like Cashlink are the practical implementation of that framework.

The €1 billion transaction volume milestone demonstrates that regulated, on-chain issuance is not a whitepaper exercise. Real institutions have used it to move real money.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

OpenSea, the leading NFT marketplace, has expanded its platform to support Solana NFT trading, allowing users to buy, sell, and trade digital collectibles directly on the Solana blockchain. This integration marks Solana’s return to OpenSea after a previous beta trial in 2022, and signals a significant shift in OpenSea’s multi-chain strategy.

OpenSea integrates Solana NFTs through OS2 platformOpenSea’s new Solana NFT support is powered by OS2, the company’s recently rebuilt platform. OS2 enables cross-chain trading of NFTs and fungible tokens across more than 19 blockchain networks. Solana is now the first non-EVM (Ethereum Virtual Machine) network for NFTs on OpenSea since its earlier beta phase ended in 2022. The integration follows OpenSea’s addition of Solana fungible token trading in April 2025 and fulfills the company’s earlier commitment to expand NFT offerings.

Solana-based collections now available on OpenSea include Claynosaurz, Mad Lads, BoDoggos, Collector Crypt, and Phygitals. These join a multi-network portfolio that already includes Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Base, Monad, Sei, and Berachain, broadening the assets users can access on the marketplace.

Mini dictionary: OS2, OpenSea’s latest multi-chain protocol, enables users to trade both NFTs and fungible tokens across numerous blockchains from a single interface.

OpenSea completed the public rollout of OS2 in May 2025, positioning itself as a one-stop gateway for on-chain assets.

NetworkNFT SupportEVM CompatibilityEthereumYesYesPolygonYesYesSolanaYesNoBase, Arbitrum, Avalanche, Monad, Sei, BerachainYesYesRising competition in Solana NFT ecosystemOpenSea’s Solana launch comes at a time when competition among NFT marketplaces on the network is evolving. Magic Eden, a major NFT marketplace, recently closed its Bitcoin and EVM marketplaces, redirecting more resources back to Solana, while Tensor continues to be active in the Solana NFT space.

Despite these moves, overall NFT market activity has dropped significantly from its 2021 and 2022 highs. Monthly trading volumes now total a few hundred million dollars, a fraction of the levels seen during the bull run. This contraction has led several platforms to exit the market, with Binance shutting down its centralized NFT service in June, and Nifty Gateway, Kraken NFT, and X2Y2 also ceasing operations.

OpenSea’s multi-chain expansion is seen as a response to shifting trading patterns and the need to offer more diverse on-chain assets to a broad user base.

OpenSea’s OS2 update is designed to bring multiple types of on-chain assets, including collectibles and fungible tokens, into one unified interface, eliminating the need for users to switch between different trading platforms.

New directions for OpenSea’s business modelIn addition to expanding its NFT lineup, OpenSea has also moved into the trading of fungible tokens. The company has publicly discussed the future launch of a SEA governance token, although the rollout remains delayed.

With these updates, OpenSea aims to position its platform as a comprehensive trading destination for both NFTs and cryptocurrencies, addressing changing preferences in the digital asset space.

Jupiter, the largest decentralized exchange aggregator on Solana, posted $822,000 in daily protocol revenue on August 30, its best single-day performance in nearly seven months. The number marks a meaningful departure from recent daily averages hovering around $534K, and it lands during a week where the entire Solana dApp ecosystem was already flexing.

Solana-based decentralized applications collectively generated $35 million in weekly revenue for the period ending August 24, a 29-week high. Jupiter, which routes roughly 63% of organic DEX aggregator volume on Solana, is clearly riding that wave rather than fighting against it.

What’s driving the revenue spike Jupiter started life as a straightforward liquidity aggregator, the kind of protocol that finds traders the best swap price across multiple decentralized exchanges. But the platform has since expanded well beyond that original mandate.

The addition of perpetual futures trading through Jup Perps and lending services has diversified Jupiter’s revenue base considerably. Perps trading in particular tends to generate outsized fees during periods of market volatility, which partly explains why a single day can swing from $534K to $822K without much warning.

That diversification matters because Jupiter’s core aggregation business faces growing pressure. Competitors like OKX’s DEX aggregator and DFlow have chipped away at market share, even if Jupiter still commands a dominant position.

Tokenomics and the buyback machine For JUP token holders, revenue isn’t just an abstract protocol health metric. Jupiter allocates approximately 50% of its protocol revenue to buying back and burning JUP tokens through a mechanism called the Litterbox Trust. At $822K in daily revenue, that translates to roughly $411K worth of buying pressure on JUP in a single day.

Whether this mechanism moves the needle on token price depends heavily on consistency. A single standout day is nice. Sustained daily revenues above the recent $534K average would be far more meaningful for long-term value accrual. The seven-month gap since the last time Jupiter hit this revenue level suggests the protocol is still working through the hangover from 2025’s peak activity, when monthly revenue figures regularly reached into the millions and annual gross revenue exceeded $500 million.

By comparison, 2026 gross revenue through August sits in the low-to-mid millions. The $822K day is notable precisely because it suggests the floor may be rising again after that correction.

Context within the Solana recovery Jupiter’s fortunes are inextricable from Solana’s. The network processed over $1 trillion in cumulative volume through Jupiter alone during 2025, making the aggregator one of the most important pieces of infrastructure in the ecosystem.

For Jupiter specifically, the competitive landscape bears watching. The protocol’s 63% share of organic aggregator volume gives it a substantial moat, but that moat is built on execution quality and routing efficiency rather than network effects that lock users in.

DFlow’s solver-based approach and OKX’s integration of its centralized exchange liquidity into on-chain routing both represent genuine threats to Jupiter’s dominance. The aggregator market on Solana is far more competitive today than it was a year ago.

The more interesting question is whether Jupiter’s expansion into perps and lending can offset any potential erosion in its core aggregation business. Perpetual futures trading on decentralized platforms has proven to be one of DeFi’s stickiest revenue generators, with protocols like Hyperliquid demonstrating that on-chain perps can sustain meaningful volume over extended periods.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Photo: Photo: Rostislav Uzunov / Pexels / Pexels

Hyperliquid’s native token, HYPE, has experienced a price increase following reports that the decentralized protocol is in discussions with Kraken’s parent company, Payward, about entering the U.S. market. This development, first reported by Bloomberg, comes amid ongoing efforts by U.S. regulators to facilitate Hyperliquid’s compliant entry into the American market. The token was around $81.26 to $81.63 on August 31, 2026, slightly below its recent peak but indicating positive market sentiment regarding potential regulatory approval. Market participants appear to be anticipating a significant impact from these talks, which could enhance Hyperliquid’s volume and investor confidence.

Advertisement

Key Takeaways Market participants appear to view the reported talks between Hyperliquid and Payward as supportive of a potential YES outcome for Hyperliquid’s entry into the U.S. market. HYPE’s price reflects optimism, although it remains below its late-August peak, suggesting cautious optimism about regulatory approval. Current market pricing suggests a 62.5% probability that Hyperliquid will reach $100 by the end of 2026, reflecting confidence in future growth. What to Watch Watch for any official announcements from Hyperliquid or Payward confirming the progress or outcome of their talks, as these could significantly impact market sentiment. Developments in U.S. regulatory discussions regarding crypto market entries could further affect HYPE’s price trajectory. Market participants will also be monitoring any changes in volume or strategic partnerships that may reinforce the likelihood of reaching the $100 price target by the end of 2026.

Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Term Structure

Contract Odds Δ since publish Volume 24h December 31 62.5% — — View market → January 1 2027 4.2% — — View market → January 1 2027 2.8% — — View market → January 1 2027 6.3% — — View market → January 1 2027 3.1% — — View market → January 1 2027 78.5% — — View market → January 1 2027 14% — — View market → January 1 2027 6.5% — — View market →

Photo: Pixabay / Pexels

North Korean hackers have reportedly moved over $30 million in bitcoin through the decentralized derivatives platform Hyperliquid over the past three weeks. This information, sourced from blockchain analytics firm Arkham and reviewed by CoinDesk, suggests that the hackers have been active on the platform, moving significant amounts of bitcoin. Although Hyperliquid faced scrutiny in December 2024 for its association with North Korean-linked wallets, the company maintained that no breaches or loss of user funds occurred at that time. The ongoing transactions highlight continued vigilance around potentially illicit activities on the platform.

Key Takeaways Recent data suggests that North Korean hackers have been using Hyperliquid to move over $30 million in bitcoin. The platform’s previous scrutiny in 2024 involved similar activities, but no security breaches were reported then. Market activity appears to reflect concerns about Hyperliquid’s security and regulatory standing following the report. What to Watch The reported activities may influence Hyperliquid’s market performance, with market participants likely monitoring for any regulatory actions or platform responses. Observers will be attentive to any official statements from Hyperliquid regarding the security of its platform and potential measures to prevent illicit activity. Further market reactions could be contingent on additional details emerging about the scope and impact of the transactions.

Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Term Structure

Contract Odds Δ since publish Volume 24h December 31 62.5% — — View market → January 1 2027 4.2% — — View market → January 1 2027 2.8% — — View market → January 1 2027 5.6% — — View market → January 1 2027 2.8% — — View market → January 1 2027 78.5% — — View market → January 1 2027 14% — — View market → January 1 2027 6.5% — — View market →

Table of contents

Strategy, the Nasdaq-listed bitcoin treasury company led by Executive Chairman Michael Saylor, acquired 4,603 bitcoin for $369.7 million last week, its first purchase since late June, lifting its total position to 845,050 BTC, according to a Form 8-K filing dated August 31, 2026 with the U.S. Securities and Exchange Commission. The disclosure, part of the company’s regular weekly update, ends a roughly two-month pause in accumulation and arrives as bitcoin trades near $78,000 following its strongest month in nearly two years.

The filing shows Strategy bought the coins between August 24 and August 30 at an average price of $80,318 each. The aggregate purchase price of $369.7 million, inclusive of fees and expenses, brings the company’s cumulative holdings to 845,050 bitcoin acquired for $63.73 billion at an average cost of $75,412 per coin. The new coins were added at a price about 6.5 percent above that long-run cost basis, a reminder that the company is still willing to pay up to expand its position after pausing for two months. Strategy remains the largest publicly traded corporate holder of the asset.

Funding the Purchase Through Stock Sales The acquisition was financed through Strategy’s at-the-market, or ATM, offering program. The 8-K reports that the company raised $602.8 million in net proceeds from sales of Class A common stock during the week, splitting the deployment into four pieces: $369.7 million toward the bitcoin purchase, $151.8 million to repurchase shares of its variable-rate STRC preferred stock, $50.7 million to cover dividends on that preferred stock, and $30.0 million added to its cash account. The STRC repurchases continue a buyback program Strategy announced on June 29 that still has about $364.8 million of remaining capacity, according to the filing.

The company also reported a U.S. dollar reserve of $5.10 billion and a separate cash balance of $1.61 billion as of August 30. Strategy has funded its bitcoin accumulation since 2020 through a combination of equity, preferred shares and convertible debt, and the latest tranche follows that same playbook rather than drawing down the company’s existing bitcoin or cash reserves.

Ending a Two-Month Pause in Accumulation The purchase ends a stretch in which Strategy did not add to its position, with its previous bitcoin acquisition reported in late June. The return to buying follows the company’s largest single week of accumulation, when it acquired roughly $1 billion of bitcoin in April, and it indicates that management still sees room to expand the treasury even with the asset trading well above the company’s average cost basis.

Saylor has repeatedly framed the company as a long-term holder rather than a trader, telling investors to measure the strategy in years and recently describing a four-year minimum holding period for MSTR investors. Resuming purchases at current prices is consistent with that stated posture, and it reopens a debate among investors about how aggressively the company should keep adding exposure.

Market Context and What Remains Unsettled The disclosure lands in the middle of a broad crypto rally, with bitcoin up more than 30% in August and on track for its best month since November 2024, while MSTR shares moved higher in premarket trading after the announcement. Because Strategy’s purchases and financing activities are closely watched across the sector, the return to buying is likely to be read by other treasury-style holders as a signal of continued institutional conviction.

The filing does not commit the company to future purchase amounts or a schedule, and the pace of accumulation will continue to depend on how much capital Strategy can raise through its ATM program and other instruments. Saylor has argued the treasury can absorb prolonged price weakness, pointing to models suggesting the company could last for decades even at zero bitcoin returns, but the decision to buy rather than hold cash reflects a continued bet on the asset at today’s levels. Investors will now watch whether Strategy sustains purchases in its next weekly filing and whether the pace of ATM share sales accelerates to fund additional buying.

AUTHOR

With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.

Bitcoin’s ability to extend its August rally has come under a fresh test as analysts have pointed to sustained spot ETF demand as a key requirement for overcoming rising expectations of a September Federal Reserve rate hike.

Summary

Bitcoin is trading near $78,700 after retreating from last week’s high above $81,000. Bitfinex analysts say spot buying and relatively contained leverage suggest the market is not showing signs of overheating. CoinEx’s Jeff Ko sees $80,000–$83,000 as a major supply zone where real capital allocation will be tested. BTSE’s Jeff Mei says ETF demand needs to remain strong across multiple funds, while softer inflation could ease pressure from the Fed. U.S. labor and inflation data will be closely watched before the Fed’s Sept. 15–16 meeting. According to Bitfinex analysts in an Aug. 31 market report shared with crypto.news, Bitcoin’s latest advance has relied increasingly on spot demand rather than excessive leverage, leaving the market in a stronger position to absorb selling even as U.S. monetary conditions become less supportive.

According to data from crypto.news, Bitcoin (BTC) price was trading around $78,700 at the time of writing, down about 0.4% over the past 24 hours. The asset briefly climbed above $81,000 last week before falling to a low of $76,857 after Federal Reserve Chair Kevin Warsh used his Jackson Hole address to signal that interest rates may still need to rise.

The decline interrupted a rally that had carried Bitcoin from below $65,000 in mid-August to above $80,000. As previously covered by crypto.news, Bitcoin gained about 24% during the previous week as Treasury buybacks, ETF demand, and forced short covering helped fuel the recovery.

Bitcoin ETF demand now faces a tougher test Bitfinex analysts said the derivatives market has not shown the kind of rapid leverage build-up that typically accompanies an overheated rally. Bitcoin open interest stood at $55.6 billion, more than 20% above its level at the start of August, but the increase has been gradual while basis levels have remained relatively low.

“We are in a market driven by spot buying and, notwithstanding large short liquidations, open interest has only gradually increased, while basis has remained relatively low and at healthy levels historically,” the analysts said.

Holding $77,100, which Bitfinex identified as an important lower-timeframe support level, alongside continued spot buying would indicate that the market remains relatively balanced, according to the report.

ETF flows provide another measure of whether that demand can continue.

U.S. spot Bitcoin ETFs absorbed about $3.04 billion during nine consecutive positive sessions from Aug. 17 through Aug. 27, according to Bitfinex. Friday then produced the first net outflow in 10 sessions, with investors withdrawing $201.9 million as Bitcoin reversed from above $81,000.

Despite Friday’s redemptions, the funds still finished the week with $924.5 million in net inflows, while inflows across the previous two weeks reached about $2.8 billion.

BlackRock’s IBIT accounted for only $33.4 million of Friday’s withdrawals after collecting roughly $2.3 billion during the preceding nine sessions. ARKB and BITB together recorded $164.6 million in outflows.

Institutional demand has also been absorbing Bitcoin sold by larger holders, Bitfinex said. Whale addresses holding between 1,000 and 10,000 BTC have reduced their balances by 50,500 BTC since the end of June, while institutional custodial holdings associated with exchanges and ETF platforms increased by 59,100 BTC.

During the latest August advance alone, custodial balances rose by 31,500 BTC, a move the analysts said closely tracked ETF inflows.

“While whales took profits during the rally, institutional demand absorbed that supply, indicating that assets moving into these regulated vehicles may be less prone to sudden liquidation on the basis of short-term macroeconomic news.”

$80K–$83K could test whether real buyers remain Jeff Ko, chief analyst at CoinEx, told crypto.news that part of Bitcoin’s August rally came from Treasury buybacks pushing yields and the dollar lower at the same time that traders had built large short positions.

Ko said the mechanical part of the resulting squeeze has now “largely played out,” leaving spot demand as a more important factor around $80,000.

“Treasury buybacks pushed yields and the dollar lower, and that impulse collided with crowded short positioning to produce the squeeze,” Ko said. “What matters from here is whether spot buyers keep absorbing supply around $80K.”

The Treasury catalyst had already produced a sharp response earlier in August. On Aug. 19, the department announced that it would at least double the maximum size of liquidity-support buybacks for 10-to-20-year and 20-to-30-year nominal coupon securities from $2 billion to at least $4 billion per operation from Sept. 9 through Nov. 4.

The change helped compress long-term yields as Bitcoin surged. An Aug. 20 analysis of the buybacks found that BTC jumped 8.2% from an intraday low of $64,100 to $69,500 within 12 hours of the Treasury announcement, while $1.44 billion in short positions were liquidated.

Ko now sees $80,000–$83,000 as more than a technical resistance area because the zone could show whether new investment can replace the buying pressure previously created by forced short covering.

“It is a major supply zone, and the point at which the rally stops being a short squeeze and becomes a test of real capital allocation.”

Ether could provide another signal. Ko said ETH had traded near $2,490 heading into Jackson Hole but subsequently lagged Bitcoin on price. If Treasury yields and the dollar remain elevated while Ether starts outperforming Bitcoin on both price and investment flows, he would view the move as evidence of stronger crypto risk appetite.

Bitfinex also pointed to Ether ETFs as a possible gauge of demand. U.S. spot Ether products took in $815.7 million last week and extended their positive run to 10 sessions, according to the firm. Nearly 12.3% of cumulative Ether ETF inflows since launch arrived during August, while demand adjusted for the relative size of the assets was roughly four times as intense as Bitcoin ETF demand during the past week.

Fed rate hike risk threatens the liquidity support The pressure on Bitcoin now comes from a less favorable interest-rate outlook.

Warsh’s Jackson Hole remarks pushed the market-implied probability of a September rate increase to about 57%, according to Bitfinex. Ko similarly said CME-implied odds had risen from 39.9% on Aug. 21 to 57% following the speech, while the two-year Treasury yield moved to around 4.31% and the dollar returned toward a two-week high.

Bitfinex analysts said persistent inflation remains one of the main constraints on easier monetary policy. Headline Personal Consumption Expenditures inflation stood at 3.7%, with core inflation at 3.3%, while private domestic demand expanded at a 4.2% annualized pace during the second quarter.

Jeff Mei, chief operating officer of BTSE, told crypto.news that Warsh’s speech had raised the hurdle for Bitcoin because higher interest rates could reduce the amount of liquidity available for crypto assets.

“For a sustained rally, we need a few things to happen. First, ETF demand has to stay strong across all ETF products, and not just BlackRock’s IBIT ETF. Second, we need better inflation data for the Fed to back off and keep rates steady.”

Mei also cautioned that the boost associated with Treasury buybacks could fade quickly.

Earlier in August, Bitcoin broke above $76,000 as ETF inflows accelerated alongside improving U.S. liquidity conditions. Spot Bitcoin ETFs took in $606 million on Aug. 20 alone, extending a run of institutional demand that accompanied the recovery from the mid-August lows.

Bitcoin needs U.S. data to ease the rate pressure Attention now turns to a run of U.S. economic releases that could alter expectations before the Federal Reserve meets in September.

Ko identified Friday’s August payroll report as the most important immediate event and the final jobs report before the FOMC decision. July payrolls fell by 23,000 against an 80,000 consensus estimate, while May and June were revised lower by a combined 103,000 jobs, according to figures cited by Ko. The unemployment rate currently stands at 4.1%.

Before payrolls, ISM Manufacturing and JOLTS data are due Tuesday, followed by ADP employment figures and the Federal Reserve’s Beige Book on Wednesday and ISM Services on Thursday. Bitfinex analysts also identified the August labor-market and inflation releases as the next major tests for rate expectations.

The August inflation report is scheduled for Sept. 11, putting another major data point immediately before the Sept. 15–16 FOMC meeting.

Ko also pointed to the CLARITY Act as a crypto-specific U.S. catalyst, with a Senate procedural vote currently scheduled for Sept. 15. In his view, the vote represents one of the largest asset-specific events on the September calendar, while the Fed meeting will determine the monetary backdrop facing Bitcoin and other risk assets.

For price, Mei sees $87,000 as the next level that would materially strengthen the bullish case after Bitcoin clears the nearer resistance areas.

“If we break the $87k mark and hold, $100K becomes the real target, and we could be looking at a bull market.”

XRP price traded near $1.36 on Aug. 31 after falling roughly 7% over seven days, as fading momentum and leveraged position unwinding offset record weekly demand from U.S. spot exchange-traded funds.

Summary

XRP price retreated from $1.48 to $1.36 but remained above its 4-hour Supertrend support at $1.341. U.S. spot XRP ETFs attracted $110.49 million during their strongest inflow week of 2026. CoinGlass data shows major liquidation concentrations near $1.35, $1.38, and between $1.44 and $1.50. A break below $1.34 could expose $1.28, while reclaiming $1.40 would improve the recovery setup. XRP price pulls back 7% after August rally According to data from crypto.news, XRP (XRP) price was trading around $1.36 on Aug. 31 at the time of writing. The token had declined from approximately $1.48 over the previous seven days, leaving it down about 7% for the period.

The pullback followed a rapid recovery from an August low near $0.98. XRP gained more than 30% during the month and briefly reached $1.70 on Aug. 22 before sellers rejected the move. Price then formed a series of lower highs below $1.55, $1.50, and $1.45.

XRP’s 4-hour chart shows that the latest decline brought the token back toward a support area that formed during the initial breakout. The Supertrend indicator remained bullish at $1.341, placing its active support slightly below the market price.

XRP price 4-hour chart — Aug. 31 | Source: crypto.news However, the Awesome Oscillator registered a negative reading of -0.0364. Its histogram also stayed below zero, indicating that short-term bearish momentum had not fully cleared despite XRP’s attempt to stabilize above $1.35.

The combination leaves XRP at a decision point. Holding $1.34–$1.35 would preserve the higher trading range created by the August rally, while a confirmed 4-hour close below it could weaken the remaining bullish structure.

ETF inflows counter XRP derivatives reset U.S. spot XRP ETFs recorded $110.49 million in net inflows during the week ending Aug. 28, according to data from SoSoValue. It was their strongest weekly result of 2026.

The funds held about $1.44 billion in net assets after the inflows, while cumulative net inflows reached approximately $1.66 billion. The demand created a contrast between institutional fund flows and XRP’s falling market price.

Derivatives traders took a more defensive position. Aggregate XRP futures open interest had climbed to approximately $2.73 billion earlier in August, its highest level since October, as leveraged traders positioned for a larger move.

Price and open interest later declined together as XRP retreated from the $1.48–$1.50 resistance zone. Such a combination generally points to traders closing existing positions rather than building an aggressive new short position, although open-interest changes alone cannot identify every trader’s direction.

The reset reduced some of the leverage accumulated during the rally. It did not, however, produce enough spot buying to return XRP above $1.40 before the end of the month.

XRP liquidation map identifies the next price magnets The one-week CoinGlass liquidation heatmap places the largest nearby liquidity concentrations around $1.35 and $1.38. XRP tested both areas during the Aug. 31 decline and was trading between them when the chart was captured.

XRP liquidation heatmap | Source: CoinGlass A concentrated band around $1.35 could attract further price movement if sellers retest the weekly low. Losing that level would place the next visible liquidity pockets near $1.33 and $1.30.

Liquidity also remains stacked above the market. The first meaningful overhead cluster appears near $1.40–$1.42, followed by a broader concentration between $1.44 and $1.45. Larger liquidation bands extend toward $1.48–$1.50.

Those zones could accelerate a rebound if XRP moves higher and forces leveraged short positions to close. They can also act as resistance because traders may use the same levels to exit positions.

The daily chart provides a more constructive signal. Chaikin Money Flow stood at 0.09, keeping the indicator above zero and pointing to net buying pressure over its 20-day measurement period. The positive reading suggests capital has not fully left the market despite the weekly price decline.

XRP price daily chart — Aug. 31 | Source: crypto.news XRP nevertheless remained close to the daily Murrey Math pivot near $1.40. A daily recovery above that level would open a path toward $1.50 and the chart’s $1.60 resistance. Failure to reclaim it would leave the token exposed to another test of the lower trading range.

XRP support at $1.28 becomes the main downside test Chart analyst ChartNerd said XRP had failed to reclaim its 50-week exponential moving average for a second consecutive week. The analyst placed that average near $1.53 and identified the 20-week EMA around $1.27 as the next short-term support floor.

The weekly rejection adds weight to the $1.48–$1.53 resistance range. A break above the zone would invalidate the present series of lower highs and allow buyers to target $1.60, followed by the August wick near $1.70.

On the downside, the 4-hour Supertrend at $1.341 offers the first line of support. A decisive break could send XRP toward $1.30 and the weekly 20 EMA near $1.27–$1.28. The bullish August recovery would become more vulnerable if the price closes below that moving average.

Ripple’s scheduled escrow release adds another short-term consideration. The company’s monthly system is set to unlock 1 billion XRP on Sept. 1, although Ripple has historically returned a large share of the released tokens to escrow. The scheduled release does not mean the full amount will enter the open market at once.

CLARITY Act vote adds a US policy catalyst The U.S. Senate is expected to hold a procedural vote on the CLARITY Act on Sept. 15. The vote would test whether supporters can secure the 60 votes required to advance the market-structure legislation.

The vote is not final passage, and no signed law is scheduled for Sept. 15. Its outcome could still affect sentiment toward U.S.-traded digital assets because the proposal seeks to clarify federal oversight of crypto markets.

For XRP, the immediate technical range remains more important. Buyers must protect $1.34–$1.35 and reclaim $1.40 to shift short-term momentum. Losing the lower boundary would increase the risk of a deeper correction toward $1.28, while a move above $1.50 would put the August recovery back in control.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The XRP Ledger is moving beyond payments and token transfers as Clearpool, Ripple, and Cicada work on a new institutional lending market. The project could bring corporate credit onto XRPL, with loans settled in RLUSD.

Vet, the XRPL Foundation community lead and dUNL validator, says institutional “lending is coming.”

But can institutional lending also create new utility and demand for XRP, XRPL?

Clearpool Builds Credit Market With Ripple and CicadaIn a recent announcement on X, Clearpool said it is building the credit infrastructure using XRPL’s XLS-65 Single Asset Vaults and XLS-66 Lending Protocol.

Clearpool said that it;

“Institutions were never missing on-chain yield. They were missing a venue built for credit.

Therefore, its new project with Ripple and Cicada aims to address that gap by building lending infrastructure directly on XRPL.

Most on-chain credit runs on smart contracts: flexible, composable, battle-tested. XRPL takes a different path, lending as a native ledger primitive.

XLS-65 (Single Asset Vault) and XLS-66 (Lending Protocol) build the vault and the loan into the ledger itself. pic.twitter.com/WOL6HCGss7

— Clearpool (@ClearpoolFin) August 31, 2026 Cicada will handle borrower’s financial position, cash flows, and credit history before determining how much they can borrow and what rate they should pay. Borrowers and lenders will also need to pass KYC and AML checks.

Meanwhile, Ripple will provide the XRPL and RLUSD for loan payments and settlements. Ripple will also participate as a liquidity provider.

The goal is to create lending pools where vetted businesses can borrow RLUSD from institutional lenders and repay the loans with interest. 

However, these features are not live on XRPL Mainnet yet. 

Could Lending Increase XRP Utility?The immediate benefit is expected to go into XRPL, but it may also create some additional demand for XRP. Clearpool’s lending platform is expected to connect with XRPL’s native AMM, giving institutions a way to move between RLUSD and other assets.

For example, market makers providing liquidity to XRP/RLUSD pools would need to hold both XRP and RLUSD. This could increase the use of XRP within the lending ecosystem and potentially reduce some XRP from the freely traded supply.

The XRP Ledger also burns 100% of its transaction fees. Every transaction requires a small fee in XRP, and that XRP is permanently removed from circulation.

XRPL Network Activity Continues to BoomThe XRPL network is already processing around 1.09 million transactions per day, although activity has recently fallen by 42.7% from earlier monthly levels.

At the current rate, about 117.83 XRP is burned daily, while the ledger has burned around 7,680.43 XRP over the past 30 days.

These numbers show that XRPL already has strong network activity and a built-in XRP burn mechanism. However, the planned lending market is still under development, so it is too early to say how much additional XRP demand it could create.

For now, the key development is that institutional credit is being built directly around XRPL’s native features, potentially giving the network another major financial use case.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

Russia has approved new regulations set to take effect on September 1, 2026, creating a stricter framework for the use of digital assets by both individuals and businesses. The regulations focus on distinguishing between digital assets used for payments and those treated as securities, aiming to limit the accessibility of most altcoins to the general public.

Retail access tightly restrictedUnder the incoming rules, Russian retail investors will be restricted to purchasing only Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The annual purchase limit for individuals will be capped at 300,000 rubles, or approximately $3,632. This restriction includes purchases made through brokers, crypto exchanges, and asset managers.

Individuals must also undergo a formal assessment that tests their ability to understand and manage the risks associated with trading digital assets. Those who meet the requirements may qualify for advanced investor status, which would allow access to a broader selection of cryptocurrencies beyond BTC, ETH, and USDT.

Retail investors in Russia face a 300,000 ruble yearly limit on crypto purchases, applying even if funds are transacted via brokers, exchanges, or other intermediaries; only those passing a special evaluation can access a wider range of digital assets.

Rules for businesses and exceptionsFor Russian businesses, the regulations specify that only companies listed in a designated registry will be permitted to conduct transactions involving digital assets. In early August, President Vladimir Putin signed the law codifying these rules, which continue to prohibit the use of cryptocurrencies as a payment method for domestic transactions.

However, select exceptions apply. Digital assets may be used to settle certain foreign trade contracts, and the legalization of income from crypto mining remains in place. The framework also accommodates security settlements and the circulation of digital rights tied to digital assets.

One key area of focus is stablecoins. Sberbank, the largest bank in Russia, has asked authorities to evaluate the potential use of USDT as a settlement layer for select operations, highlighting growing institutional interest in stablecoins for cross-border trade and settlements.

Mini dictionary: Sberbank, Russia’s largest banking institution and a state-owned enterprise, is a major player in the country’s financial sector, providing banking, investment, and payment services for individuals and businesses.

Central Bank prioritizes investor protectionThe Central Bank of Russia emphasized that these measures aim to shield non-qualified investors from the unpredictable volatility associated with cryptocurrency prices. Liquidity remains a primary consideration for asset approval, which is why major tokens such as XRP and Solana (SOL) have not been made widely available to retail investors in the initial phase. The restrictions are intended to prevent retail investors from exposure to assets with low liquidity and greater price swings.

For institutional lenders such as Sberbank, the inability to use USDT for legal settlements could increase risk in the event of borrower defaults. Meanwhile, retail holders of XRP in Russia face similar obstacles, as they must successfully pass the special evaluation procedure before being able to purchase beyond the prescribed limit.

CryptocurrencyRetail Purchase LimitRequires Special EvaluationBitcoin (BTC)300,000 rubles/yearNoEthereum (ETH)300,000 rubles/yearNoTether (USDT)300,000 rubles/yearNoOther cryptocurrenciesBlocked unless advanced statusYesLiquidity and future prospectsOn the Moscow Exchange (MOEX), leveraged XRP trading is available, but daily volumes remain subdued at just a few thousand dollars, reflecting low demand and liquidity. American-developed cryptocurrencies generally see limited participation from Russian investors due to current regulatory preferences.

Looking ahead, proposed amendments in 2027 may increase the number of cryptocurrencies accessible to retail investors, potentially broadening the range of digital assets available for purchase in Russia.

Russia’s regulated cryptocurrency trading volume may reach between 3.5 trillion and 4 trillion rubles, or $46.43 billion, during its first year following legalization, according to Anatoly Popov, Deputy Chairman of Sberbank, one of Russia’s largest state-owned banks.

Regulated trading begins with conservative estimatesPopov presented these figures prior to the Eastern Economic Forum, describing the estimates as conservative. Sberbank relied on data from the Ministry of Finance, which observed that crypto transactions within Russia amount to around 50 billion rubles daily, totaling approximately 18 trillion rubles annually.

SberCIB Investment Research, a division within Sberbank specializing in market analysis, projected that about 20% of this total—equivalent to 3.5 to 4 trillion rubles—could initially transition to regulated platforms once the appropriate legal framework is in place.

Sberbank, referencing Finance Ministry statistics, indicated that only a fraction of Russia’s existing crypto transaction volume is likely to enter the official market soon after new regulations take effect.

Most current crypto trading activity in Russia is expected to remain outside formally regulated exchanges in the near term, given patterns of behavior and the nature of the transition process.

Market growth potential and regulatory timelineSberbank believes that Russia’s regulated crypto market will expand in the coming years as domestic infrastructure matures. Popov stated that annual regulated trading volumes may reach between 4.75 and 5.25 trillion rubles by 2028, rising further to about 7.5 trillion rubles ($87.06 billion) by 2029.

This growth projection signals a gradual migration of crypto activity from unofficial channels toward licensed financial institutions.

YearRegulated Crypto Trading Volume (Trillion Rubles)USD Equivalent (Billion)First year after legalization3.5–4$46.4320284.75–5.25–20297.5$87.06Russia’s legal framework for crypto exchanges is set to take effect on September 1. The law gives professional market participants until July 1, 2027, to obtain the necessary licenses. As a result, full-scale adoption of regulated crypto trading is unlikely until after this transition deadline, keeping the initial volume modest by comparison.

The regulatory structure is designed to encourage a staged rollout, potentially reducing risks for both investors and the wider financial system.

Mini dictionary: Sberbank – Russia’s largest state-owned financial institution, actively involved in digital asset market development, banking, and investment services.

Retail restrictions and asset limitationsPopulation-wide adoption will be influenced by limitations on retail investment. Reports indicate that non-qualified investors are restricted to a maximum investment of 300,000 rubles, approximately $3,800, in crypto per year, provided they complete a financial risk-awareness test. Qualified investors have higher thresholds, but both groups will remain bound by regulatory limits.

Another factor shaping the market’s early phase is the list of approved digital assets. Currently, only Bitcoin, Ethereum, and Tether’s USDT are sanctioned for trading on Russian-regulated exchanges. Many other cryptocurrencies remain outside the legal perimeter for now.

This may encourage some investors to continue using unlicensed exchanges to access a wider selection of digital assets, limiting the initial share of total crypto activity conducted on regulated platforms.

Access to only Bitcoin, Ethereum, and USDT through official exchanges could drive demand for alternative assets elsewhere, affecting the pace at which overall activity shifts into regulated channels.

While total crypto activity in Russia could reach 18 trillion rubles per year, Sberbank anticipates that only a modest fraction will move to the regulated sector during the first phase after legalization.

For banks, brokers, and regulated exchanges, the introduction of a legal framework for crypto trading presents significant business opportunities alongside increased state oversight. For investors, the current framework does not equate to unrestricted trading rights.

Future market expansion depends on how licensing procedures evolve, investor demand develops, regulations are updated, and whether authorities choose to broaden the list of approved digital assets. Based on current forecasts, Russia’s regulated crypto market could grow to $87 billion a year by 2029 if these elements progress as expected.

The crypto market has posted sharp gains across Bitcoin and several major altcoins, but Cryptex Finance data covering 36 assets and roughly 92% of the digital asset market shows that capital remains heavily concentrated in Bitcoin and Ethereum despite prices rising across the market.

Summary

Cryptex’s 36-asset index gained just 1.92% over the trailing seven days, even as several major cryptocurrencies posted much larger gains from their recent lows. Joe Sticco said low price dispersion suggests cryptocurrencies are moving together rather than investors rotating capital between assets and sectors. Sticco said roughly nine out of every ten dollars entering regulated crypto products during one recent session went to Bitcoin and Ethereum. U.S. spot Bitcoin ETF inflows provide evidence of institutional demand, although Sticco said rising asset values should not be confused with fresh capital entering the funds. Cryptex Finance co-founder Joe Sticco told crypto.news that participation in the recent rally had spread across the market, but the allocation of capital had not followed at the same pace, leaving cryptocurrencies trading more like a single group than a market in which investors are selecting individual winners.

Cryptex’s market index stood at 1,199.69, almost 20% above the base level of 1,000 set on Feb. 20. The index tracks 36 assets across five sectors using Coinbase pricing, giving Sticco a larger sample than Bitcoin or a handful of major altcoins alone.

Over the trailing seven days, however, the index had risen only 1.92%. Sticco said the figure matters because much of the rally that produced large percentage gains from recent lows took place within roughly 72 hours between Aug. 19 and Aug. 21, followed by several days of relatively flat trading.

“Measure from the low, and you get a rally. Measure the trailing week, which is what most readers think they’re being told, and you get almost nothing,” Sticco said.

Bitcoin’s acceleration during that period followed a major derivatives flush alongside renewed spot demand. Earlier market coverage showed BTC jumping from below $65,000 to around $69,500 on Aug. 19 as more than $1 billion in crypto short positions were liquidated within an hour.

Crypto market gains show little separation between assets Price dispersion within Cryptex’s index provides another reason Sticco is reluctant to describe the rally as a full capital rotation.

On the day measured by Cryptex, the strongest constituent gained 6.71%, while the weakest declined 1.49%. Despite covering 36 cryptocurrencies from five sectors, the entire range between the best and worst performers amounted to roughly eight percentage points.

“That is not a market sorting winners from losers. That’s a market moving as one block,” Sticco said.

According to Sticco, such low dispersion indicates that a common market factor is lifting cryptocurrencies together instead of investors moving money between assets based on individual fundamentals.

Major tokens nevertheless produced very different headline returns when measured across the rally. Sticco put Bitcoin’s seven-day increase at roughly 14%, XRP’s at 28%, and Solana’s at about 19%.

Capital allocation did not match the apparent spread in price performance. Bitcoin dominance remained around 57% to 60%, depending on the market universe used, while Sticco cited an Altcoin Season Index reading below 40, far under the 75 level generally used by the index to signal an altcoin season.

Solana also remained more than 50% below its October 2025 level despite gaining about 19% during the week, according to Sticco.

“Participation broadened. Allocation didn’t,” he said.

Institutional flows remain concentrated in Bitcoin and Ethereum Regulated investment products give Sticco another way to separate rising cryptocurrency prices from the destination of new capital.

During one recent Wednesday session, Sticco said U.S. spot Bitcoin ETFs received about $232 million, while Ether ETFs attracted roughly $192 million. XRP products brought in around $28 million, compared with approximately $15 million for HYPE products and $9 million for Solana.

By his calculation, close to nine dollars out of every ten went into Bitcoin and Ethereum. Weekly figures showed a similar concentration, with Bitcoin receiving about 71% of flows and Ethereum another 26%.

The concentration comes even as U.S. spot products have helped support Bitcoin’s recovery. A previous report on ETF demand found that U.S. spot Bitcoin ETFs had taken in approximately $1.9 billion across five consecutive inflow sessions by Aug. 24, while analysts said continued spot buying would be needed after forced short covering helped accelerate the initial breakout.

Sticco said the subsequent streak had reached eight consecutive sessions of net Bitcoin ETF inflows totaling about $2.8 billion, while Ether ETFs had also recorded eight positive sessions and more than $1 billion in inflows.

August Bitcoin ETF inflows had exceeded $3 billion by the time of his comments, making it the strongest month of 2026, according to Sticco. He said BlackRock had absorbed a large portion of the demand, including around $1.3 billion during the previous week.

“Eight straight sessions of regulated spot creations is not what a short squeeze produces,” he said.

The ETF numbers, however, require another distinction when assessing how much new institutional money has entered Bitcoin.

Sticco said net assets held by the funds had climbed from roughly $77 billion in mid-August to just above $99 billion by Tuesday, an increase of about $22 billion. Actual net inflows during the eight-session streak totaled only around $2.8 billion.

Much of the difference came from Bitcoin’s rising price increasing the value of assets already held by the funds, he said, rather than investors supplying another $22 billion in fresh capital.

Earlier in August, five consecutive inflow sessions had brought approximately $853.5 million into U.S. spot Bitcoin ETFs between Aug. 3 and Aug. 7, reversing withdrawals recorded during the preceding week.

Sticco also cautioned against viewing August in isolation. He said spot Bitcoin ETFs lost roughly $5.4 billion during the first half of 2026 and remained about $2.5 billion in negative territory for the year despite the latest inflows.

ETF demand is clearer than derivatives positioning Separating institutional buying from leverage requires looking at different parts of the market, according to Sticco.

ETF flows and market depth measure demand, while funding rates, futures basis, and open interest give more information about trader positioning. Sticco said falling open interest alongside rising prices can indicate shorts are closing rather than new buyers entering.

He declined to characterize current open interest as either bullish or bearish because publicly available readings differed. Some datasets quote open interest in Bitcoin while others measure its dollar value, which can produce different trends when BTC itself moves sharply.

Market depth presents a similar problem. Sticco described depth as one of the most useful measures for institutional participation because it shows how much capital can enter or exit without materially moving the market.

“Price tells you what the last trade cleared at. Depth tells you what the next big one will cost.”

Available public depth figures were not current enough for Sticco to say confidently how much liquidity had recovered. He pointed instead to the damage following the October 2025 deleveraging event, when he said an estimated $10 billion to $20 billion in leveraged positions were erased and Bitcoin’s top-of-book depth on major venues fell more than 90% intraday.

Market makers subsequently reduced resting liquidity after getting caught with inventory while hedges were force-closed, according to Sticco, leaving order books at their thinnest since 2022.

For Sticco, the institutional side of crypto has therefore developed faster than the liquidity supporting the underlying market.

U.S. policy and Treasury conditions remain part of the rally Macroeconomic conditions have also played an important role in the latest advance, according to Sticco, who pointed to the U.S. Treasury’s Aug. 19 decision to increase long-dated debt buybacks as an important catalyst.

The Treasury doubled the maximum size of certain long-end liquidity support buybacks from $2 billion to at least $4 billion per operation. The Treasury announcement was followed by falling long-term yields and an 8.2% Bitcoin advance from an intraday low around $64,100 to approximately $69,500 in less than 12 hours.

Sticco said Bitcoin’s close relationship with software stocks during the move shows how crypto has become more connected to U.S. macro conditions. As interest-rate expectations later changed and short-term yields rose, Bitcoin surrendered some of the gains even though the legislative situation in Washington had not materially changed.

Congress presents another variable for U.S. investors. Sticco pointed to the CLARITY Act, which would establish a statutory division of responsibilities between the SEC and CFTC for parts of the digital asset market and create a federal framework affecting exchanges, brokers, dealers, and custody.

The Senate Banking Committee advanced the legislation 15-9 in May, with Democratic Sens. Ruben Gallego and Angela Alsobrooks joining Republicans. Sticco, who attended the markup as part of Cryptex’s policy work, said both Democrats made clear at the time that their committee votes did not guarantee support on the Senate floor without progress on unresolved provisions.

A Sept. 15 cloture vote requires 60 votes to move the legislation forward. Previous coverage of the negotiations identified ethics rules, stablecoin rewards, and financial-crime provisions among the issues still unresolved ahead of the procedural vote.

For regulated index products, Sticco pointed in particular to provisions covering CFTC registration of digital commodity exchanges, brokers, and dealers. Capital, asset-segregation, surveillance, and customer-protection requirements could increase the number of regulated venues capable of supporting assets used in exchange-traded products, he said.

Sticco also cited custody provisions and changes affecting financial holding companies as potentially important for institutions, while arguing that statutory classification of digital assets would give index providers more certainty than relying on agency interpretations that future regulators could change.

Policy expectations, however, have weakened even as cryptocurrency prices have risen. Sticco said Polymarket odds for the CLARITY Act becoming law in 2026 had fallen from roughly 82% in February to around 25% in late August, while Galaxy Research placed the probability closer to 10%.

The Sept. 15 vote will also fall on the first day of the Federal Reserve’s Sept. 15-16 meeting, leaving two major U.S. policy events scheduled within the same period.

Unresolved Senate negotiations include ethics and conflict-of-interest rules involving government officials, possible secondary enforcement authority for state attorneys general, illicit-finance provisions and banking-industry objections to crypto exchanges paying yield on stablecoin balances, according to Sticco.

Cardano is now being used as a public verification layer for enterprise supply chains, after the Cardano Foundation and Blockforce deployed their traceability architecture in production in Brazil. More than 500,000 supply chain records have already been anchored, including data from some of Brazil’s largest fashion groups, according to a Monday statement.

The system uses a permissioned network to store the underlying supply chain information, keeping commercially sensitive records accessible only to participating parties. Cardano receives only the cryptographic proof of each record, enabling independent verification by auditors, regulators or customers without exposing confidential data.

Cost had been a major obstacle to deploying this type of architecture at scale. As reported, engineering work by the Cardano Foundation and Blockforce cut the cost per anchored record by 92%, allowing public verification to move beyond pilot projects and into live enterprise operations.

Among the early users is Azzas 2154, Latin America’s largest fashion group, which uses the platform to build auditable histories for its leather supply chain. The company cross-checks fiscal documents, supplier information and public databases and plans to trace all leather used across its brands by 2030.

The companies have signed contracts covering 6.5 million certified records through 2030. They also plan to extend the model into sectors including automotive, agribusiness, pharmaceuticals and cosmetics, positioning Cardano as a public proof layer for supply chains where compliance and provenance need to be independently verified.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Tether CEO Paolo Ardoino has challenged the Bank for International Settlements’ preference for tokenized bank deposits, arguing that fully reserved stablecoins give users a stronger alternative to money held under fractional reserve banking.

Summary

Tether CEO Paolo Ardoino challenged the BIS preference for tokenized bank deposits, arguing that fully reserved stablecoins offer users a safer alternative. BIS chief Pablo Hernández de Cos said stablecoins face problems with redeemability, interoperability, financial integrity and monetary sovereignty. Ardoino questioned why savers would keep money in fractional reserve products when stablecoins can hold reserves in liquid assets such as U.S. Treasuries. The debate has reached U.S. lawmakers as banking groups warn that stablecoin rewards could pull deposits from banks and reduce funds available for lending. The Bank for International Settlements laid out the case for tokenized deposits on Aug. 28, when General Manager Pablo Hernández de Cos told the Jackson Hole Economic Symposium that stablecoins still fall short of several properties needed to function as money at scale. Ardoino responded by questioning why savers would choose bank deposits when stablecoins can hold reserves in highly liquid assets such as U.S. Treasuries.

“BIS is rightfully worried about the fact that stablecoins are exposing the emperor without clothes,” Ardoino said. “Why someone should choose to put his savings into a fractional reserve product while stablecoins are fully reserved?”

Tether CEO challenges the BIS case for tokenized deposits Hernández de Cos argued that stablecoins face problems with redeemability at par, interoperability and financial integrity, while their use outside the United States can create concerns over monetary sovereignty and digital dollarization.

In the BIS model, tokenized deposits remain liabilities of commercial banks and settle through central bank accounts. De Cos said this structure preserves the “singleness” of money because different bank liabilities remain redeemable at par through central bank settlement.

Stablecoins work differently. A user holding USDT who needs to pay someone accepting only USDC may first need to exchange one token for the other in a secondary market, where prices can deviate from their dollar pegs, particularly during periods of stress.

Public blockchains create another concern for the BIS. Stablecoins can circulate across multiple networks and through self-custody wallets, while moving the same asset between chains can require bridges or other infrastructure. De Cos argued that this structure creates interoperability problems and makes consistent enforcement of anti-money laundering and counterterrorism financing controls more difficult.

Ardoino focused his response on the reserve structure behind the two forms of digital money. The Tether executive argued that stablecoins can be backed almost entirely by liquid reserves, including U.S. government debt, while commercial banks operate under a fractional reserve system in which only part of their liabilities are held in liquid assets.

His comments put the reserve question at the center of a debate that has increasingly divided stablecoin issuers and the banking sector as both compete to move fiat-denominated money onto blockchain networks.

Crypto.news recently examined how a tokenized bank deposit remains on the issuing bank’s balance sheet even after being represented on a blockchain. Unlike stablecoins, customer funds do not move into a separate reserve portfolio and can remain available to support the bank’s lending operations.

Tokenized deposits are moving beyond pilot programs Banks have started building infrastructure around that model as stablecoins take a larger role in digital payments.

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo are developing a shared deposit token network through The Clearing House, with a launch targeted for the first half of 2027. The planned system would initially give multinational companies access to programmable treasury and cross-border payment services.

SWIFT has pursued a similar route. In July, the financial messaging network launched a  blockchain-based shared ledger with 17 major banks, including Citi, HSBC, UBS and BNP Paribas. The system was designed around tokenized bank deposits for round-the-clock cross-border payments.

Custodia Bank and Vantage Bank have taken a different approach by combining the two structures. Their dual-purpose token model is designed to operate as a bank deposit while inside the Hazel network and function as a stablecoin when transferred outside it. The Ethereum-based system has been under testing ahead of a planned fourth-quarter 2026 rollout.

Despite supporting tokenized deposits, Hernández de Cos acknowledged that the model has its own unresolved problems. No multi-bank or cross-jurisdictional ecosystem currently issues tokenized deposits through a fully interoperable framework, he said. Existing systems remain concentrated on permissioned platforms, while some designs resemble bank-issued stablecoins.

The BIS chief said stablecoins and tokenized deposits could ultimately coexist, but argued that tokenized deposits should handle most everyday payments while stablecoins serve more specialized functions.

Stablecoin growth raises the deposit flight question Ardoino’s criticism comes as the competition for deposits has become part of the U.S. debate over crypto market structure.

Banking groups have repeatedly pushed lawmakers to tighten stablecoin reward provisions in the Digital Asset Market Clarity Act. In July, the American Bankers Association, Independent Community Bankers of America and 76 state banking associations urged Senate leaders to revise Section 404 before the legislation reached the Senate floor.

The groups argued that allowing crypto platforms to provide certain rewards on stablecoin balances could encourage customers to move funds out of traditional bank accounts. Under that argument, deposit losses could leave community banks with less funding available for lending.

Citigroup CEO Jane Fraser repeated the concern in August while supporting passage of the CLARITY Act. Fraser warned that stablecoin rewards could draw deposits away from banks and affect their ability to extend credit.

The dispute partly traces back to the GENIUS Act, which prevents payment stablecoin issuers from directly paying interest or yield to holders. Crypto exchanges and other service providers can still offer some rewards depending on how their programs are structured, leaving lawmakers and banking groups divided over where the restrictions should apply.

Hernández de Cos raised a similar funding issue at Jackson Hole. Stablecoin issuers can increase demand for government debt by placing reserves into Treasury securities, potentially lowering sovereign borrowing costs, he said. At the same time, money leaving commercial bank deposits could increase bank funding costs and eventually raise borrowing costs for households and companies.

Ardoino presented the same movement of funds from the opposite perspective.

“What happens to financial system if people start realizing that stablecoins are safer and move their savings into the better asset class?” he said. “We’re in the Find Out phase.”

USDT remains the largest stablecoin by circulation and has developed a substantial user base outside the United States. Ardoino has repeatedly positioned the token as a dollar-based savings and payments product for markets where access to U.S. dollars or conventional banking services can be limited.

Tether has pursued that market through payment and remittance investments, including its May investment in cross-border platform LemFi, which serves users across African and Asian remittance corridors.

Ardoino said some economies now rely heavily on USDT for both domestic and foreign commerce, while the BIS has warned that increasing use of dollar-denominated stablecoins outside the United States could weaken monetary policy transmission and increase dependence on external monetary conditions.

Dear Ontology Community,

The Ontology core development team has identified a potential security concern during our daily security check that requires immediate investigation.

As a precautionary measure, and with the security and integrity of the Ontology Mainnet as our highest priority, block production on the Ontology Mainnet will be temporarily suspended with immediate effect.

This emergency pause is being initiated proactively to allow the technical team and network validators to conduct a comprehensive security review of the network and its related components.

No Current Impact on User Assets

We would like to emphasize that:

No confirmed security incident has been identified at this time. There is currently no indication of any loss or compromise of user assets. ONT, ONG, and other on-chain assets remain unaffected based on our current assessment. The temporary suspension is a preventive security measure, rather than a response to confirmed asset loss or an ongoing attack. We are taking this action out of an abundance of caution to ensure that any potential risk is fully assessed before normal network operations resume.

Network Status

During the emergency security review:

Block production will remain temporarily suspended. On-chain transactions will not be processed while the network is paused. Users should not attempt to perform time-sensitive on-chain transactions until the network has been officially confirmed to have resumed. Users do not need to transfer or otherwise take action with their ONT, ONG, or other on-chain assets as a result of this announcement. The duration of the pause is currently undetermined. We will prioritize the thoroughness of the security review over speed and will not resume block production until the network has been sufficiently assessed and deemed safe to operate.

Next Steps

The Ontology team is treating this matter as a top priority and is working closely with validators and relevant ecosystem partners.

We will provide further updates through the official Ontology channels as soon as more information becomes available.

A separate announcement will be issued before or at the time of network resumption, once the security review and any required upgrades have been successfully completed.

We understand that an unexpected network pause may cause concern or inconvenience. However, we believe that taking immediate preventive action is the responsible approach when the security of the network may potentially be at risk.

The security and integrity of the Ontology Mainnet, as well as the safety of user assets, remain our highest priorities.

Thank you for your patience, understanding, and continued support.

Ontology Network

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Leading crypto exchange Binance is planning to delist 12 margin trading pairs in early September, including major cryptocurrencies SUI, Avalanche (AVAX), and Chainlink (LINK). This particularly affects Bitcoin pairs of SUI, Avalanche, and Chainlink.

In a recent announcement, Binance issued a notice of removal for margin trading pairs scheduled for September 3, 2026.

In its post, Binance said it will delist the affected margin trading pairs on September 3 at 06:00 (UTC). A total of 12 Isolated Margin Pairs will be delisted; five of these are on Cross Margin.

HOT Stories

The Isolated Margin Pairs include SUI/BTC, AVAX/BTC, LINK/BTC, TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, BREV/USDC, USDE/USDC, WBETH/ETH, BFUSD/USDT, and BNSOL/SOL. Five pairs — TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, and BREV/USDC — will be delisted on Cross Margin.

You Might Also Like

Effective immediately, users may no longer be able to transfer any amount of assets of the aforementioned pairs via manual transfers and Auto-Transfer Mode into their Isolated Margin accounts.

Dates for usersBinance highlighted the dates in the delisting process of these margin pairs: on September 1 at 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the isolated margin pairs.

On September 3 at 06:00 (UTC), Binance Margin will close users' positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned cross and isolated margin pairs, and they will afterward be removed from Binance Margin.

You Might Also Like

The delisting only affects the said margin pairs, as users can still trade the above assets on other trading pairs available on Binance Margin.

To avoid potential losses, users are urged to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of Margin trading on September 3 at 06:00 (UTC). This is because they will not be able to update their positions during the delisting process, which may take about 3 hours.

On September 3 as well, Binance has already earmarked 3 crypto assets for delisting: ICON (ICX), Secret (SCRT), and Storj (STORJ), following its recent review.

In a previous announcement, Binance said it has decided to delist and cease trading on all spot trading pairs for the tokens on September 3 at 03:00 (UTC).

Three seconds doesn’t sound like a long time until you’re staring at a loading screen every time you want to send a private transaction. Zakura, the developer behind a Zcash full node client, just released an open-source library called Zakura Common that compresses shielded transaction creation from over three seconds to under 200 milliseconds.

The upgrade does not require a hard fork, a consensus change, or anything that would force the Zcash network to coordinate a synchronized update. Compatible wallets can simply integrate the new library and start serving faster transactions immediately.

The numbers behind the speed boost Mobile proof generation, the computation-heavy step that makes shielded transactions possible on phones, is now more than 14 times faster. Desktop performance improved by over five times. Sinsemilla hashing, a core cryptographic operation used in Zcash’s Orchard protocol, saw a 21-fold improvement. Trial decryption, the process wallets use to scan the blockchain and identify incoming payments, got 1.5 times faster. And zk-SNARK verification, the zero-knowledge proof system that underpins Zcash’s privacy guarantees, now runs four to eight times quicker.

The library is dual-licensed under MIT and Apache 2.0. It will ship as part of Zakura version 1.3.0, and wallets built on Zakura’s infrastructure, such as Vizor, can integrate the improvements without waiting for broader network coordination.

Why shielded transaction speed matters Sean Bowe, co-founder of both Zcash and Zakura, highlighted the practical significance of the release. He noted that the libraries deliver measurable benefits for shielded wallets and full nodes, enhancing responsiveness and user experience without requiring rule changes.

Market reaction and broader context ZEC, Zcash’s native token, jumped approximately 5% following the Zakura Common announcement.

The release fits into a larger roadmap. Zakura has been building toward high-throughput private payments through its node software, and the broader Tachyon initiative aims to improve scalability across the Zcash network, wallets, and verification processes. Zakura Common will be integrated as part of Zakura v1.3.0, and focuses solely on enhancing existing shielded functionalities without altering the fundamental monetary policy or introducing new trust assumptions.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Algorand Hits Weekly Transaction PeakThe Algorand network recorded a localized surge in activity on August 31, processing over 584,000 transactions in a single 24-hour window, according to @AlgoFoundation. The figure represents the busiest day on the network within the prior seven-day period, pointing to a meaningful short-term uptick in on-chain demand for the $ALGO-powered layer-1 blockchain.

While a single-day reading does not on its own signal a structural shift, it sits against a backdrop of steadily rising cumulative activity. Total transactions on the network rose to 3.64 billion as of June 2026, with node participation increasing by nearly 3% month-over-month. The network has added users and validators at a consistent pace throughout the year, and daily spikes of this kind tend to reflect bursts of activity tied to specific applications or ecosystem events.

Broader Activity Trends Support the MomentumThe single-day figure is consistent with a wider pattern of growing engagement on Algorand in 2026. USDC transacted volume on the network rose by more than 72% month-over-month to approximately $751 million in June, the highest monthly level recorded in the first half of 2026. Algorand also reported 1.8 million new smart contract deployments in a recent quarter, a 25.7% increase.

Builder activity has been a consistent contributor to on-chain volume. Builder activity saw a sharp recovery in May, with contracts deployed rising 47% and new asset creation more than tripling from April. Algorand's real-world asset ecosystem processed more than 23.2 million tokenized asset transactions during the second quarter, underscoring that the network's growth is tied to actual usage rather than speculation.

On the regulatory front, the network has also gained a clearer footing in the United States. In March and April 2026, both the Securities and Exchange Commission and the Commodity Futures Trading Commission jointly categorized $ALGO as a digital commodity. This official recognition removed significant compliance hurdles that had previously kept many large investors on the sidelines.

The August 31 transaction spike adds another data point to what has been a year of building momentum for the Algorand network, even as token price has lagged behind on-chain fundamentals.

Sources:
Algorand Foundation: June 2026 Algo Insights Report
Crypto Briefing: Algorand Sees 1.8M New Contract Deployments
Cryptonomist: Algorand Price Rally and Institutional Milestone

TLDR: Robinhood Chain’s DEX trading volume hit a record $875 million on August 30, led by Uniswap v4. Daily transactions on Robinhood Chain reached 5.52 million, an all-time high for the network. Pons, the top launchpad on Robinhood Chain, minted 22,600 tokens and $187 million in volume. Robinhood Chain’s 24-hour app revenue of $2.66 million topped Ethereum and Hyperliquid L1. Robinhood Chain recorded its strongest day of on-chain activity on August 30, with decentralized exchange volume reaching $875 million.

The Wu Blockchain Data Center reported that daily transactions on Robinhood Chain hit 5.52 million, a new all-time high.

Uniswap v4 and Uniswap v3 accounted for most of the trading volume, while Pons, the network’s leading token launchpad, also posted record numbers. The figures point to expanding activity across the Robinhood Chain ecosystem.

DEX Volume and Daily Transactions Set New Records Uniswap v4 generated $432 million in trading volume on Robinhood Chain during the record session. Uniswap v3 followed closely behind, contributing $357 million to the day’s total activity.

Together, the two versions accounted for the bulk of the $875 million recorded across Robinhood Chain’s decentralized exchanges that day.

Robinhood Chain On-Chain Activity Hits Record High, DEX Daily Volume Reaches $875M

According to Wu Blockchain Data Center, Robinhood Chain’s DEX volume reached a record high of $875 million on August 30, with Uniswap v4 contributing $432 million and Uniswap v3 $357 million.… pic.twitter.com/WQZI5s9Egn

— Wu Blockchain (@WuBlockchain) August 31, 2026

Beyond DEX trading, the network processed 5.52 million transactions within a single 24-hour window, surpassing all previous totals.

This transaction count reflects rising participation from traders, bots, and applications built on top of Robinhood Chain. Wu Blockchain shared the figures through its data center, noting the milestone alongside the DEX volume record.

Pons, the largest token launchpad operating on Robinhood Chain, also reported record figures on the same day. The platform saw 22,600 tokens created within 24 hours, alongside $187 million in trading volume passing through it. Both metrics marked new highs for the launchpad since it began operating on the network.

App Revenue Tops Ethereum, Hyperliquid L1, and Base Robinhood Chain generated $2.66 million in app revenue over a 24-hour period, according to DeFiLlama data. This figure surpassed Hyperliquid L1’s $1.7 million and Ethereum’s $1.27 million recorded during the same window.

Robinhood Chain’s revenue also stood at nearly six times that of Base, which brought in $438,436 over the same period.

GMGN led revenue generation among protocols operating on Robinhood Chain, bringing in $1.11 million for the day. Pons followed with $930,587 in revenue, while Uniswap contributed $306,877 to the network’s daily total.

Combined, these three protocols accounted for close to 88 percent of all app revenue generated on Robinhood Chain.

The revenue breakdown shows a concentration of earnings among a small group of protocols on Robinhood Chain.

GMGN, Pons, and Uniswap remain the top three contributors to daily earnings on the network, based on DeFiLlama’s tracking. DeFiLlama continues to update these rankings as on-chain revenue data shifts across competing networks.

Together, the DEX volume, transaction count, and revenue figures paint a picture of a single record-setting day for Robinhood Chain.

Wu Blockchain and DeFiLlama both logged the milestones through their respective data platforms on August 30. The numbers place Robinhood Chain ahead of several established networks across multiple activity metrics for that period.

@GuardaWallet has added native support for Terra Classic ($LUNC), giving holders of the community-run token a non-custodial option to manage their assets without relying on a centralised exchange.

What the Integration Offers The addition of native $LUNC support means holders can now save, transfer, and receive the token while retaining sole control of their private keys. That matters in practice: keeping assets off centralised platforms removes exposure to exchange-side custody risk, a concern that became acute for many Terra holders after the ecosystem's collapse in 2022.

Burn Campaign and On-Chain Activity The Guarda integration arrives as the Terra Classic community pushes through a meaningful shift in its deflationary strategy.

Exchange-led burns are adding to that pressure.

Despite the pace of burns, the scale of the task remains large.

For Terra Classic holders looking to move assets off exchanges amid these developments, the Guarda integration adds a straightforward, self-custody route to do so.

Sources:
Guarda Wallet: Terra Classic (LUNC) Wallet
CoinMarketCap: Terra Classic Latest Updates
CoinReporter: Binance June 2026 LUNC Burn

The USDC Treasury minted 130,724,040 USDC, valued at approximately $130.76 million, in a single transaction tracked by on-chain monitoring service Whale Alert. The mint is one piece of a much larger wave of issuance: Circle executed roughly $5 billion in gross USDC minting during the week ending August 26, 2026.

What is actually happening when USDC gets minted An institution deposits dollars into a Circle reserve account, Circle verifies the funds, and new USDC tokens are created on-chain in an equivalent amount. Circle backs every USDC token with reserves held predominantly in short-duration US Treasuries and cash equivalents. Total reserves currently sit at around $74 billion, comfortably covering the circulating supply of just over $73 billion.

Advertisement

Solana has emerged as the primary destination for new supply. Multiple individual minting events of $250 million each occurred on the network during the same week, combining to roughly $1.25 billion minted on Solana alone.

Why institutions keep reaching for on-chain dollars Hyperliquid offers a concrete example. Circle plays a technical support role for Hyperliquid’s $5 billion USDC reserve, meaning that platform alone represents a meaningful slice of total circulating supply.

What a $73B circulating supply means for the broader market USDC crossing $73 billion in circulating market cap represents a sustained expansion of dollar liquidity available inside crypto markets. From a competitive standpoint, USDC’s growth trajectory keeps it in a direct contest with Tether’s USDT for dominance in the stablecoin market. Circle’s decision to concentrate new issuance on Solana is also worth watching as a signal about which blockchain ecosystems institutional capital views as viable infrastructure. The $5 billion weekly gross issuance figure suggests that inflow is not a one-week anomaly but part of a durable trend worth tracking through on-chain data as the year progresses.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Monero ($XMR) has posted its strongest monthly performance in more than four years, gaining over 45% in August 2026 and rising roughly 10% in a single 24-hour window. The last time the privacy-focused cryptocurrency delivered a comparable monthly gain was April 2021.

THORChain 3.20 Brings Native XMR Swaps The rally coincides with a significant protocol upgrade from THORChain. The timing matters:

That is a notable shift for Monero holders in particular.

Derivatives Market Signals Strong Demand The price action has been accompanied by a sharp move in derivatives markets. during the move, a dynamic that can amplify upward price momentum as bearish bets are forcibly closed.

The THORChain upgrade offers a structural reason for renewed interest beyond short-term speculation. A decentralized, non-custodial alternative for XMR swaps could help sustain demand if that trend continues.

Sources:
THORChain 3.20 Unlocks Native Monero and Zcash Swaps (TradingView / Chainwire)
THORChain Upgrade Enables Native Monero Swaps, Boosting XMR (Crypto Briefing)
Monero Price Pushes Above $500 as Privacy-Driven Focus Intensifies (The Coin Republic)

More Markets lost 15.5 million Wrapped Flow (WFLOW) to an exploit on Flow EVM on Monday. Security firm Blockaid put the initial impact at $9.3 million.

The lending protocol has not confirmed any loss. Its team said it is looking into the claim and will publish findings once the review is complete.

What Blockaid Traced OnchainMore Markets is a non-custodial lending market on Flow EVM built by More Labs. Blockaid said an attacker combined an Ankr bonded liquid staking token with the protocol’s Efficient Mode setting to drain the mFlowWFLOW reserve.

The firm published the exploit transaction, the contract deployment, and 11 follow-up transfers. It also names the attacker address, a helper wallet, and the affected pool.

Follow us on X to get the latest news as it happens

Flow (FLOW) price performance over 24 hours, Source: BeInCrypto MarketsMarkets reacted quickly. Flow (FLOW) fell about 8% over 24 hours to trade near $0.026. Value locked in More Markets dropped to roughly $3.6 million. Still, the drop comes amid a broader market downturn, which has pulled the total market cap down roughly 3%

The attack lands at the end of a punishing stretch for crypto protocols. Cronos halted its blockchain on August 30 after identifying an exploit at Tectonic, its largest lending market. Last week, Moonwell lost an estimated $8.7 million.

DefiLlama data records 37 hacks in August, totaling roughly $140 million. Lending protocols account for the bulk of that figure.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Kasplex Network Activity Surges in 2026@Kasplex, the EVM-compatible Layer 2 blockchain built on @kaspaunchained, has posted a sharp acceleration in on-chain activity over the past two months. The network has now crossed 20,000 accounts, with more than 1,500 tokens created on-chain. Most strikingly, three-month transaction volume has jumped to over 600,000, up from roughly 100,000 reported in July, when average daily transactions stood at around 1,094.

The growth underlines rising developer and user interest in Kaspa's expanding application layer. Kasplex is a Layer 2 solution built on top of Kaspa's BlockDAG-based Layer 1, designed to add Ethereum-style smart contract functionality to a network that uses a UTXO model and has no native contract layer. In technical documentation, Kasplex describes itself as a lightweight rollup solution, embedding EVM bytecode into Kaspa L1 transactions and executing it off-chain while using Kaspa for ordering and data availability.

A Growing Ecosystem on a High-Throughput Base Layer Built on Based-Rollup technology and fully compatible with the Ethereum Virtual Machine, Kasplex is designed to introduce DeFi, NFT, and decentralised application functionality to the Kaspa ecosystem. Through a dedicated Relayer module, Kasplex enables conversion between Ethereum and Kaspa transaction formats, allowing developers and users to use familiar Ethereum wallets and tools, significantly lowering barriers for ecosystem interoperability.

The Layer 2's momentum sits on top of an already active base chain. Kaspa currently operates at 10 blocks per second, a milestone achieved with the Crescendo hard fork in May 2025. Scaling targets for 2026 and 2027 aim to push network throughput from 10 to 25, 40, and eventually 100 blocks per second. At the L1 level, the broader network's cumulative activity is substantial: Kaspa has now processed more than 2.3 billion transactions on its mainnet, alongside roughly 462 million blocks processed by the network.

Meanwhile, Gate has connected its exchange infrastructure to the Kasplex Layer 2 network, enabling $KAS deposits and withdrawals via L2. The integration is intended to lower user barriers, improve $KAS circulation, and deepen on-chain activity across the Kaspa ecosystem. As Kasplex continues to improve its infrastructure, the combination of rising transaction counts, a growing token ecosystem, and exchange-level support points to a network that is steadily moving beyond early-stage adoption.

Sources:
Crypto.news: Gate integrates Kasplex Layer 2
CoinEx: Kasplex Layer 2 zkEVM Scaling Solution (ViaBTC Capital)
CoinMarketCap: Latest Kaspa Network Updates

고객센터

공지사항혜택·이벤트업비트소식거래 이용 안내수수료 안내입출금 이용 안내입출금 현황시장경보 현황Open API 안내정책 및 거래지원 문의1:1 문의하기문의내역이용자 가이드카카오톡 문의(24시간)증명서 발급공시 안내공지사항

거래

ThunderCore 네트워크 종료에 따른 썬더코어(TT) 출금 중단(종료) 및 거래지원 종료 예정일 변경 안내 (09/01 09:00 ~)

안녕하세요. 가장 신뢰받는 디지털 자산 거래소 업비트입니다.

썬더코어(TT)의 ThunderCore 네트워크 종료에 따라 썬더코어(TT) 출금이 중단(종료)되고 거래지원 종료 예정일이 변경될 예정입니다. (가상자산이용자보호법 시행령 제17조 제1호 가목)

관련된 상세 내용은 아래와 같습니다.

대상 디지털 자산 : 썬더코어(TT) - ThunderCore 네트워크
중단 범위 : 대상 디지털 자산 출금
출금 중단 시점 : 2026-09-01(화) 09:00 KST 예정
출금 중단 사유 : ThunderCore 네트워크 긴급 종료에 따른 트랜잭션 생성 불가

*썬더코어(TT) 팀의 2026-08-26(수) 공지에 따르면, 썬더코어(TT)는 2026-09-01(화) 09:00 KST에 ThunderCore 네트워크를 종료하고, BNB Smart Chain(이하 "BSC")으로의 마이그레이션을 개시할 예정입니다.

*본 출금 중단(종료)은 ThunderCore 네트워크의 긴급 종료에 따라 불가피하게 이루어지는 조치입니다.

*ThunderCore 네트워크 종료 이후에는 해당 네트워크를 통한 트랜잭션 생성이 불가능하므로, 업비트에서도 ThunderCore 네트워크 기반 TT의 출금 지원이 재개되지 않습니다.

ThunderCore 네트워크 긴급 종료 관련 안내

2026-08-20(목), 썬더코어(TT) 팀은 ThunderCore 네트워크를 종료하고 BSC로 마이그레이션 하겠다는 내용의 거버넌스 프로포절을 공지하였습니다. 2026-08-20(목)~2026-08-24(월) 5일간의 투표 진행 결과 거버넌스 프로포절이 통과되었습니다.
참고 : 거버넌스 프로포절 : TT의 BSC로의 이전 및 메인넷 종료
2026-08-26(수), 썬더코어(TT)팀은 썬더코어(TT)를 BSC로 마이그레이션 한다고 공지하였습니다. 해당 공지에 따르면 (1)2026-08-28(금)에 썬더브릿지 크로스체인 브릿지 운영 종료, (2)2026-09-01(화) 09:00 KST에 ThunderCore 네트워크 종료, (3)그 후 thundercore.com에서 매뉴얼 마이그레이션 지원 순으로 진행될 예정입니다.
참고 : 썬더코어 메인넷 마이그레이션 : 2026년 9월 1일 이전 액션 필요

썬더코어(TT) 거래지원 종료 예정일 변경 안내
당사는 2026-08-14(금) 썬더코어(TT) 거래지원 종료 안내 (9/14 15:00) 공지를 통해 안내된 거래지원 종료 예정일을 다음과 같이 변경합니다.

참고 : 썬더코어(TT) 거래지원 종료 안내 (9/14 15:00)

변경 전

대상 페어 : TT/KRW, TT/BTC
거래지원 종료 예정일 : 2026-09-14(월) 15:00 KST

변경 후

대상 페어 : TT/KRW, TT/BTC
거래지원 종료 예정일 : 2026-09-01(화) 09:00 KST

*썬더코어(TT)의 기존 거래지원 종료 예정일보다 이른 시점에 ThunderCore 네트워크가 종료되는 것으로 결정됨에 따라 이용자 보호를 위해 부득이하게 거래지원 종료 예정일이 변경되는 점 안내해 드립니다.

유의사항

ThunderCore 네트워크 종료 시 해당 네트워크에서 마이그레이션되지 않은 썬더코어(TT)는 더 이상 네트워크상 이전이 불가능하며, 업비트에서도 해당 자산의 출금을 지원할 수 없으므로 출금 중단(종료) 시점 이전에 출금을 완료해주시기 바랍니다.
출금 중단 이후 해당 디지털 자산에 대한 입금 반환 절차 및 출금 주소 등록 절차는 중단됩니다.
출금 중단 시점 이전 또는 이후 일부 블록체인 네트워크에서 출금이 발생할 수 있으나 당사 월렛 시스템 처리 상황에 따라 중단 기간 중에는 정상 처리가 불가합니다.

고객님의 안전한 거래를 위해 항상 최선을 다하는 업비트가 되겠습니다.

감사합니다.

※ 가상자산은 고위험 상품으로 투자금의 전부 또는 일부 손실을 초래할 수 있습니다.

공유