Key Highlights Solana’s Transaction v1 upgrade is scheduled for September 9, expanding maximum transaction size from 1,232 bytes to 4,096 bytes. Adoption of the new format is voluntary — existing legacy and v0 transaction formats remain functional with current limitations. RPC nodes, block explorers, indexers, and other infrastructure services require software updates to prevent data display errors. SOL currently trades near $105, while liquidation data reveals concentrated liquidity zones between $145 and $150. Derivative open interest for Solana has recovered to approximately $6–7 billion, rising from the $4–5 billion levels observed previously. Solana is gearing up to deploy Transaction v1 on September 9, representing a significant format enhancement that expands the maximum transaction size from 1,232 bytes to 4,096 bytes — delivering approximately 3.3 times greater capacity per transaction.
JUST IN: Solana triples its transaction size limit on Monday, Sept 9, giving apps room for complex proofs and large multisig operations.
Transaction v1 lets these larger operations fit into a single transaction instead of being split.@solana pic.twitter.com/pGzbBEHqqC
— MSB Intel (@MSBIntel) September 7, 2026
This enhancement stems from two separate proposals: SIMD-0296, which establishes the expanded size parameters, and SIMD-0385, which outlines the v1 format specifications. Both documents were jointly authored by Jacob Creech and Andrew Fitzgerald.
The expanded transaction capacity enables developers to bundle additional instructions, signatures, and account information within a single transaction. Practical applications include zero-knowledge proof verification, complex multisignature configurations, and cross-chain bridge operations.
Under the previous system, sophisticated operations required segmentation across multiple transactions, introducing execution risk. Individual transaction components could complete successfully while others encountered failures. Transaction v1 ensures all instructions execute or fail as a unified atomic operation.
Developer and Infrastructure Implications Transaction v1 eliminates Address Lookup Tables, a compression mechanism used in v0 to condense account addresses into single-byte indexes. The new version stores complete 32-byte addresses directly within transactions, consuming more space per account while remaining within the expanded capacity limits.
The existing 64-account-per-transaction ceiling remains in effect. Developers must now explicitly configure compute-unit allocations and loaded-data thresholds in v1 transactions, as both parameters default to zero values.
Infrastructure operators face the most significant compatibility challenges. RPC service providers, blockchain indexers, explorers, and analytics platforms must implement software updates to accommodate version one transactions. Failure to update could result in transaction processing errors or incorrect data presentation — such as displaying zero priority fees when fees were actually included.
Jacob Creech, Solana Foundation’s VP of Technology, verified September 9 as the implementation target. However, the official development roadmap continues to list mainnet activation as pending confirmation, and Anza’s deployment timeline carries a tentative designation.
SOL Market Analysis and Price Action SOL was changing hands at approximately $105.56 at press time, reflecting a modest 0.8% increase over the previous 24-hour period. The weekly Relative Strength Index has advanced to roughly 60, positioned above the neutral 50 threshold while remaining below the overbought zone above 70.
Solana (SOL) Price Market analyst SatoshiOwl shared on X that SOL appears positioned for a potential breakout, with near-term price targets in the $115–$116 range. The analyst cautioned that if SOL reaches $116 amid extremely bullish market sentiment, traders should monitor for a potential sharp correction rather than expecting continued upward momentum.
My $SOL game plan from here. 👀
I think we’re getting very close to a breakout.
Wouldn’t surprise me to see SOL break this structure and push towards $115–$116 next. 📈
And that’s where things could get interesting…
If we reach $116 and CT suddenly turns MAX bullish, I’ll… pic.twitter.com/5BG0TfApxJ
— SatoshiOwl (@SatoshiOwl) September 7, 2026
CoinGlass liquidation heat mapping reveals substantial leveraged position concentrations between $145 and $150, with additional clusters identified near $180–$200 and $240–$250. Downside liquidity zones are positioned around the $60–$70 price levels.
Open interest in Solana derivatives markets has climbed back to approximately $6–7 billion, recovering from the $4–5 billion range observed during earlier phases of the market cycle, though remaining significantly below the previous all-time high near $17 billion.
According to the latest Solana Foundation status updates, both testnet and devnet environments have already enabled the Transaction v1 feature for developer testing and validation.
On September 6, the open interest of altcoins surpassed that of bitcoin. This is a first since December 2024. Such a shift confirms the rise of leverage on Zcash, XRP, and Solana. However, this is not enough to announce an altseason.
In brief The open interest of altcoins surpasses that of bitcoin for the first time since December 2024. Bitcoin still represents nearly 37% of the open interest of perpetual contracts. Zcash, XRP, and Solana concentrate a notable share of the leverage increase. ZEC reaches nearly 2.4 billion dollars in open interest after a strong price surge. The rise in leverage increases the risk of chain liquidations on altcoins. Leverage shifts towards altcoins Now, perpetual contracts on altcoins represented a higher value than contracts on bitcoin. The open interest of BTC was close to 23.9 billion dollars, or 37% of the total observed.
Indeed, open interest determines the value of derivative contracts that remain open. It increases when new positions emerge and decreases if traders close their contracts and face liquidations. Unlike volume, it does not count exclusively the transactions executed during a period.
Four elements are necessary for interpreting this shift :
Altcoins surpass bitcoin for the first time since December 2024 ; Bitcoin retains about 37% of the open interest of perpetual contracts ; Ethereum, Solana, XRP, and Zcash concentrate a significant part of the rest ; An increase in the indicator counts both long and short positions. The bullish scope of the signal is limited by this last point. Thus, altcoins’ open interest reveals that traders are taking more risks on these cryptos. It does not allow to know whether the majority anticipates a rebound or a drop.
Its value expressed in dollars can also evolve mechanically when asset prices increase. It is therefore necessary to compare its progression with prices, funding rates, and spot market volume.
Zcash concentrates part of the speculation The most spectacular case is represented by Zcash. At the beginning of this September, ZEC’s open interest approached a record close to 2.4 billion dollars, according to reported data. Meanwhile, the crypto rose 134% in one month to temporarily exceed 1000 dollars.
Such progression caught many short sellers off guard. Nearly 34 million dollars of short positions were liquidated during the crossing of the 1000 dollar level on September 4.
Many positions remain heavily exposed. On Hyperliquid, a short position opened by trader Garrett Jin around 444 dollars revealed an unrealized loss of 25.7 million dollars. Another seller risked liquidation when ZEC approached 1317 dollars.
XRP and Solana also contribute to the increase in altcoins’ open interest. However, available statistics do not allow to truly attribute each asset’s contribution to the general surpassing of bitcoin.
The movements can be amplified by such concentration. A quick rebound forces sellers to repurchase their positions, supporting prices. Conversely, a drop can cause chain liquidations among buyers.
The market has not yet entered altseason However, it should be noted that the 2024 precedent invites caution. At the conclusion of the last surpassing of bitcoin by altcoins, many mid-cap cryptos suffered major corrections. This succession does not prove that the open interest shift systematically triggers a drop.
The altcoin market, however, holds lower liquidity. A significant liquidation can therefore weigh more on their price than on bitcoin’s, especially if order books cannot absorb forced sales.
Other indicators do not yet attest to a global altseason. The Altcoin Season Index was at 43 at the end of August, while Blockchain Center sets the confirmation threshold at 75. Moreover, global interest in the term “altcoin” was only around 26 out of 100 on Google Trends.
Bitcoin also maintained a dominance close to 59.2% of the crypto market. Also, altcoins outside the top 10 had admittedly gained more than 10% since the beginning of September, with a valuation above 200 billion dollars. However, this growth remained concentrated on a limited number of cryptos.
Liquidations, funding rates, and spot volumes will now determine the movement’s solidity. A rise supported exclusively by leverage would remain vulnerable to a brutal correction.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Solana strengthens its ceiling as Ethereum simplifies its entry point. Two updates published almost simultaneously, yet addressing different issues. The Solana blockchain targets Wednesday to triple the maximum transaction size, from 1,232 to 4,096 bytes, a technical evolution called Transaction v1. At the same time, a tweet confirms that Ethereum approved EIP-8141 for its upcoming major upgrade, Hegotá, planned for 2027 where crypto users will be able to pay their transaction fees directly in stablecoin. This, without holding any ETH. Two competing networks, two strategic projects, and a shifting balance of power on two distinct fronts.
In Brief Solana strengthens its technical ceiling to catch up with one of Ethereum’s historical strong points. Ethereum, on its side, prepares a radical simplification of the user experience on gas payment. The two networks are not catching up on the same delay: each fixes its own historical weakness, on a different timeline. Solana Strengthens its Transaction Ceiling from 1,232 to 4,096 Bytes The transaction ceiling change on Solana is defined by two proposals, SIMD-0296 and SIMD-0385, co-written by Jacob Creech and Andrew Fitzgerald. The new format is already running on Solana’s test and development networks, and existing formats will continue to work. Wallets and crypto applications therefore will not need to migrate to v1 unless they require this additional space.
The old limit of 1,232 bytes dated back to Solana’s original network design, where each crypto transaction had to fit in an internet data packet of about 1,280 bytes. A constraint the blockchain made largely obsolete by modifying its traffic transmission in 2022. The new limit stops at 4,096 bytes because four kilobytes correspond to the standard memory page size used by validators’ hardware. Going further would force a transaction to spread across multiple pages, increasing its processing cost.
The change of the crypto transaction ceiling on Solana. The current challenge goes beyond a simple technical feat because Solana has always been faster and cheaper than Ethereum. But the blockchain lagged behind on one specific point which was its rigidly capped transactions, whereas Ethereum imposes no protocol size limit and allows developers to execute massive operations for higher fees. By tripling its ceiling, Solana thus closes a good part of that historical gap.
What the New Transaction Limit on Solana Unlocks Here is what could now fit in a single transaction and with a single fee instead of several.
Operations that had to be split into several transactions until now; Large crypto proofs; Payments requiring numerous approvals; Certain confidential transfers. However, the change has a downside because all software that reads the blockchain (wallets, explorers, trading applications) must be updated to recognize the new v1 format. A non-updated service might see its requests fail against a transaction in the new format. Or worse, display a zero priority fee when a user has actually paid one, as this data is now stored elsewhere. Heavier crypto transactions also consume more network bandwidth, which could push users to offer higher priority fees during congestion.
SOL VS Ethereum: Two Delays Caught up, Two Opposite Schedules Where Solana catches up on a raw technical handicap, Ethereum tackles a handicap of a completely different nature which is the obligation to hold ETH just to interact with its own network. An adoption barrier identified for years, but whose fix will only arrive with the Hegotá upgrade in 2027. Vitalik Buterin himself framed EIP-8141 as the culmination of ten years of work on account abstraction. A way of saying it is not a one-off fix but the continuation of a project underway since the crypto network’s inception.
The balance of power thus plays out on two different planes and not on the same tempo because Solana fixes a technical weakness immediately, which mechanically brings it closer to Ethereum in terms of complexity it can absorb. Ethereum, on its side, does not seek to compete on raw capacity. No, it aims to make its network more accessible to crypto users who never had to understand ETH, but it does so on a one-and-a-half-year horizon. Solana closes its gap and Ethereum creates a new simplicity aspect. Provided, of course, it meets its schedule.
Key Takeaways on Solana Tripling its Transaction Size Solana targets Wednesday to triple its transaction ceiling, from 1,232 to 4,096 bytes, via Transaction v1 (SIMD-0296 and SIMD-0385) Crypto wallets, explorers, and services reading Solana must update to avoid errors or incorrect fee data Ethereum confirmed EIP-8141 for its Hegotá upgrade (2027), allowing gas to be paid in stablecoin without holding ETH Two networks, two projects, two schedules. Solana fixes its raw capacity starting this week, whereas Ethereum (ETH) targets accessibility, but not before 2027. On the balance of power between the two chains, tempo will make as much difference as the technical aspect itself.
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
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Solana (SOL) price is down by 2.37% today, September 8, to trade at $102 at the time of writing. Despite this drop, whale addresses have opened $9 million in long positions on Solana, suggesting that they anticipate an uptrend ahead of a network upgrade that will take place on September 9.
Whales Open $9M Worth of Long Positions on Solana Data from CoinGlass shows that five whale addresses on Hyperliquid are betting that the price of Solana will continue with the uptrend that commenced on August 17. These five whales have opened $9.11 million long positions on SOL between September 7 and September 8.
Solana Long Positions (Source: CoinGlass) These long positions are opening ahead of an upgrade on Solana that will triple the transaction size from 1,232 bytes to 4,096 bytes.
Analyst Crypto Tony says that the upgrade will ensure that multiple transactions can be bundled into one transaction. He adds that this change will give Solana a competitive edge over Ethereum because unlike SOL that is limited to 1,232 byte transactions, Ethereum does not have a set protocol size limit.
“By more than tripling this ceiling to 4,096 bytes, Solana is looking to eliminate this structural bottleneck,” the analyst said.
Still, Ethereum is also working to improve its network, with an earlier report by CoinGape noting that Vitalik Buterin teased the biggest upgrade on ETH since the merge, focused on making the network resistant to the threats of quantum computing.
Futures Market Remains Broadly Bearish Despite Whale Longs Data from CoinGlass shows that Solana’s funding rate has turned negative. This change suggests that there are more short traders than long traders. It also suggests that the five long whale positions on Hyperliquid are taking a contrarian position to most futures traders.
Solana Funding Rate (Source: CoinGlass) The long/short reading of 0.92 also suggests that there are more short accounts than long accounts, as traders also bet that the Solana price will drop.
The demand for futures positions on Solana has also dropped, with the derivative volume numbers dropping by 16% to $6.53 billion at the time of writing. The open interest is also down by 1.21% to $6.47 billion.
Still, inflows to Solana ETFs have persisted, with the products recording ten straight weeks of inflows, suggesting that demand from institutions remains high despite weakened demand from futures traders.
Solana Price Tests Symmetrical Triangle Support as Momentum Weakens The price of Solana is trading within a symmetrical triangle pattern on the four-hour chart. This pattern usually precedes a breakout on either side depending on whether the buying or the selling pressure is high.
The triangle pattern has a height of 16%. If the price of Solana moves below the lower trendline of this triangle, it could drop by 16% and reach $84. However, if Solana moves above the resistance at $107, the price could gain by 16% and reach $124.
The RSI reading of 45 supports a bearish long-term Solana price outlook. The RSI line that is making a lower low also suggests that the selling pressure is increasing despite the upcoming upgrade on September 9.
SOL/USDT: 4H Chart (Source: TradingView) The AO bars that are red and shrinking in length also suggest that the bullish momentum is becoming weak, suggesting that the price of SOL might move to test the psychological support at $100.
Useless Coin (USELESS), a Solana-based memecoin that openly markets itself as having no practical utility, surged 22% in the 24 hours leading up to its listing on South Korean exchange Bithumb. The token had already climbed 160% over the prior week and 500% over the past month, underscoring the appetite for speculative assets in the current market cycle.
Bithumb confirmed it would open USELESS trading against the Korean won starting at 14:00 local time, giving the token its first direct fiat on-ramp in one of Asia's largest crypto markets. The announcement was enough to send the token sharply higher before trading even began.
From BONKfun Launch to Major Exchange Listings Useless Coin is a community-driven memecoin launched on the Solana blockchain through the BONKfun platform. Launched in May 2025, its entire premise is to mock the industry's relentless focus on "utility" and complex roadmaps, with a whitepaper that is a 47-page parody document concluding the token is, indeed, useless. The entire supply of 1 billion tokens was launched at once via a launchpad with no team allocation, making all tokens immediately liquid.
The token first entered the broader spotlight through its involvement with the Kraken exchange. The token achieved widespread attention in early 2026 after winning a trading competition hosted by Kraken, with the victory resulting in the Useless Coin logo being featured on the limited-edition jerseys of Atlético de Madrid for a match against FC Barcelona.
A Growing Exchange FootprintThe Bithumb listing adds to an already expanding presence on centralised exchanges. The recent rally for USELESS has followed a series of major exchange listings, with Coinbase, Binance US, and Kraken all listing the token and giving it the kind of exposure most memecoins can only dream of. Its first parabolic rally saw a market cap jump from $4.2 million to $420 million, an impressive feat for a coin that openly brags about doing nothing.
Useless Coin was designed as a satirical critique of utility-driven cryptocurrencies, explicitly embracing its lack of utility and positioning itself as a parody of the crypto industry's focus on complex tokenomics and functional use cases. Whether the Bithumb listing sustains the rally or marks a near-term peak remains to be seen, but the token's trajectory so far has confounded sceptics at every turn.
Sources:
CoinGecko: Useless Coin (USELESS) price, market cap and project overview
Kraken Blog: USELESS is available for trading
CoinMarketCap: What Is Useless Coin (USELESS) and How Does It Work?
TLDR Solana recorded $348 million in net RWA inflows over the past 30 days. Solana’s total tokenized RWA value reached $720 million. The data comes from RWA.xyz, tracking tokenized Treasuries, credit, and other real-world assets. RWA inflows are separate from memecoin trading and speculative volume. The growth suggests Solana’s low fees and speed may be drawing more than retail traders. Solana has recorded $348 million in net real-world asset inflows over the past 30 days. The data comes from RWA.xyz, a platform that tracks tokenized asset activity across blockchains.
The inflows pushed Solana’s total tokenized RWA value to $720 million. This includes products like tokenized Treasuries and credit pools.
Solana is usually known for memecoins, fast trading, and consumer apps. This new data shows a different side of the network’s activity.
What The RWA Inflows Show RWA inflows are not the same as memecoin trading volume. They reflect capital moving into tokenized products tied to real-world assets, not short-term speculation.
These products can include U.S. Treasury instruments, private credit, tokenized funds, and other assets linked to traditional finance. The activity connects blockchain settlement with existing financial markets.
A $720 million RWA total gives Solana a real presence in the tokenization space. It does not place the network at the top of every list, but the pace of recent inflows stands out on its own.
Momentum matters here because institutional-style capital tends to move with more caution than retail trading. Growth in this area can signal rising confidence from issuers and allocators.
Why Speed And Cost Matter Lower transaction fees can make it easier to move tokens, transfer collateral, and settle trades. Fast confirmation times also help when tokenized assets are used inside DeFi platforms.
This gives Solana a practical pitch to RWA issuers. The network can offer liquidity, an active user base, and lower costs than some alternatives.
These features do not guarantee adoption, but they lower the barrier for teams building tokenized products. Issuers weighing where to launch often look at cost and speed as starting points.
The current inflow data does not confirm widespread institutional adoption of Solana. It shows capital movement and rising totals, not confirmation that major institutions have shifted operations to the network.
Solana Price on CoinGecko It also does not guarantee this capital stays in place. If yields, incentives, or market conditions change, some of these inflows could reverse.
The numbers reflect inflows and total value locked at this point in time. They are a snapshot, not a long-term commitment from any single institution or issuer.
Solana’s RWA growth adds a second track to its ecosystem. Retail trading and memecoin activity remain part of the network, alongside this newer tokenized asset activity.
This article draws on RWA.xyz Solana network data and public DeFiLlama Solana metrics.
Solana has attracted $348 million in net real-world asset (RWA) inflows over the past 30 days, lifting its total value of tokenized RWAs to $720 million. The figures come from RWA.xyz, a platform tracking the movement and size of tokenized treasuries, credit products, and other real-world assets across blockchain networks.
Rising real-world asset adoptionTraditionally known for its memecoin activity and high-speed trading, Solana is now seeing significant capital move into products linked to traditional finance. These inflows mark a departure from purely speculative markets, instead reflecting interest in tokenized instruments like US Treasuries, private credit, and funds that bridge conventional and blockchain-based finance.
According to RWA.xyz, the $720 million total positions Solana as an active player in the growing RWA tokenization space, even if it does not top every sector leaderboard. The rapid pace of recent inflows stands out and suggests broader interest in Solana’s capabilities for handling institutional-style capital.
This growth in tokenized RWAs highlights the network’s effort to diversify its ecosystem. Retail traders remain active on the network, but fresh capital from more risk-averse allocators is expanding the range of participants.
Recent data indicates that Solana now supports $720 million worth of tokenized real-world assets, driven by $348 million in net inflows over the past month. These inflows primarily involve capital moving into tokenized Treasuries and credit products, signaling new demand beyond the network’s established trading communities.
Network features support inflow momentumSolana’s relatively low transaction costs and fast confirmation times stand out as key advantages for RWA issuers. Cost reductions benefit not only retail users but also institutions that need to move assets, post collateral, and settle trades quickly and efficiently.
These features are central to the network’s appeal as a launchpad for tokenized RWA products. Teams considering where to issue assets often prioritize efficiency and scalability, which Solana aims to address.
In a landscape where minor events, such as Federal Reserve decisions or sudden altcoin listings, can instantly shift market sentiment, crypto users face rapid changes in price and market depth. In this environment, switching among different apps for analytics, portfolio reporting, and news can result in lost opportunities. Many traders are consolidating their tools with platforms like CryptoAppsy, which provide real-time charts, smart price alerts, coin-focused news, and major macro data without account registration, giving investors everything they need to respond swiftly on a single screen.
Market observers note that these advances encourage the participation of professional allocators, who are typically more cautious than retail traders and may be drawn by the efficiency advantages Solana offers.
Institutional adoption and outlookThe latest RWA inflows do not by themselves confirm comprehensive institutional adoption of Solana, but they do highlight rising totals and a broadened user base. The inflow figures provide a snapshot that may change with evolving yields, incentives, or broader market fluctuations.
There is no guarantee that all this capital will remain on the Solana network. Shifting market conditions or incentive programs could trigger outflows in the future, as is common with tokenized asset platforms.
Nonetheless, the network’s increasing RWA footprint signals that issuers and larger investors are recognizing its potential for tokenized financial products. Retail-driven memecoin and fast trading activity remain, but the platform now features a growing segment focused on real-world assets.
Figures are drawn from RWA.xyz and DeFiLlama Solana network statistics.
Solana’s recent RWA inflows reflect broader diversification within the network, as capital from outside the standard speculative ecosystem drives its tokenized asset market to new heights.
On September 9, Solana will undergo a major network upgrade, with a new maximum transaction size of 4,096 bytes instead of 1,232 bytes on the blockchain. The modification could enable significantly more complicated operations within a single atomic transaction and represents a roughly 3.3x expansion.
Update is much closer nowAnatoly Yakovenko, a co-founder of Solana, outlined one possible use for the update. Solana requires "1 tx moving data atomically through two zk roots," according to Yakovenko's commentary on the impending change. He also mentioned that based rollups could exist on Solana.
SOL/USDT Chart by TradingViewDeeper usecaseHis remark suggests a more comprehensive use case than just adding more data to every transaction. Incorporating zero-knowledge proofs and rollup-related operations while maintaining atomic execution either the entire transaction succeeds or none of it does — might be simpler for larger transactions.
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The 1,232-byte limit that is currently in place comes from Solana's initial networking architecture. After taking networking overhead into consideration, transactions were restricted to fit within the IPv6 minimum MTU. SIMD-0296 was able to propose the new 4,096-byte ceiling, since the adoption of QUIC eliminated the need to maintain that same restriction.
Solana's new v1 transaction format provides the higher limit. The change does not just increase every transaction on the network; legacy and v0 transactions will continue to operate according to their current rules. To access the extra capacity, developers must use v1.
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The Solana testnet has already received the upgrade, where Transaction V1 went live in September, one month before the scheduled mainnet deployment.
The Solana Foundation identifies a number of workloads, including large multisigs, BLS signatures, Winternitz one-time signatures, and Confidential Transfers, that might benefit from the extra space in addition to ZK systems. As a result, some operations that previously required several transactions can now fit into a single atomic operation, possibly lowering fees, coordination overhead, and confirmation complexity.
Yakovenko's emphasis on ZK roots and based rollups implies that the upgrade may ultimately have a greater impact on Solana's application architecture than the 3.3x figure alone suggests. The September 9 activation provides the underlying transaction capacity; developers will decide how actively that additional capacity is utilized.
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US stocks opened, with the three major indices showing mixed performance.
According to market data from BIT (bit.com), U.S. stocks opened with the Dow Jones Industrial Average down 0.7%, the S&P 500 index slipping 0.1%, and the Nasdaq rising 0.08%. Qualcomm (QCOM.O) gained 5% after it struck a multi-generational product cooperation deal with Amazon (AMZN.O). Intel (INTC.O) climbed 6% amid reports that its CPUs will see another 10% price hike. ASML (ASML.O) added 3.8%, while TSMC (TSM.N) rose 2.4% as the two companies launched a high-numerical-aperture EUV photomask partnership.
8 minutes ago
Robinhood Chain’s mainnet has been live for 70 days, with total on-chain revenue reaching $42.58 million.
According to Yuqing Monitoring, Robinhood Chain has been live on its mainnet for 70 days, with total chain revenue reaching $42.58 million (17,171 ETH), averaging $608,000 per day. Robinhood takes 90% of the revenue, equivalent to 15,454 ETH (approximately $38.32 million). As the technical provider, Arbitrum collects a 10% cut, amounting to 1,716 ETH (roughly $4.26 million).
8 minutes ago
It is reported that DeepSeek will expand its team to 1,000 people this year, after announcing a full doubling of its entire workforce just two months ago.
Dongcha Beating AI Express: A frontline institutional investor revealed that AI firm DeepSeek targets expanding its team to around 1,000 people this year. DeepSeek has not publicly confirmed the figure, but the expansion has already begun. In June, the company announced all departments would at least double in size, and this week, it opened roughly 150 backend and Agent infrastructure job positions at once. This round of expansion is no longer focused solely on model research; the latest recruitment covers large model research platforms, Agent frameworks, APIs, online services, data engineering, and elastic computing. Cui Tianyi, head of the Harness team, noted that data, computing resources, training and evaluation tasks, Agent environments, and user requests are growing rapidly, requiring continuous upgrades or even full rewrites of the original backend systems.
8 minutes ago
Qualcomm up nearly 10% in pre-market trading, reaches multi-generation product cooperation deal with Amazon.
According to market data from BIT (bit.com), Qualcomm (QCOM.O) saw its pre-market shares jump nearly 10% after the chipmaker today announced a multi-generational collaboration agreement with Amazon, aimed at mass-producing customized chips for large-scale AI data centers. The two parties will jointly advance AI inference technology. Qualcomm is offering Amazon warrants for up to 25 million shares. Additionally, Qualcomm and Amazon are developing optical interconnect solutions with a transmission rate of up to 1.6T.
8 minutes ago
Qualcomm and Amazon strike a multi-generational partnership to jointly develop custom chips for AI data centers.
Qualcomm (QCOM.O) announced today a multi-generational partnership with Amazon (AMZN.O) to provide customized chips for large-scale AI data centers and jointly advance AI inference. The two sides are also collaborating on developing optical interconnect solutions with speeds up to 1.6T and for future generations. Qualcomm plans to deepen its use of AWS AI infrastructure (including Amazon Bedrock) for electronic design automation (EDA) workloads, with the goal of shortening chip design cycles. Cristiano Amon, president and CEO of Qualcomm, stated that amid accelerating AI demand, data center infrastructure needs breakthroughs in both computing and connectivity, adding that Qualcomm is pleased to partner with AWS on customized chips and connectivity solutions. Prasad Kalyanaraman, vice president of AWS, said the collaboration builds on a strong partnership, with both sides working together to deliver more efficient and cost-effective infrastructure for customers.
8 minutes ago
Whale closes BTC short positions again, loses $114,000 after going long on 20,000 ETH ahead of sharp price surge.
According to on-chain analyst Ai Yi (Twitter handle @ai_9684xtpa), a whale that went long 20,000 ETH with 4x leverage ahead of a sharp price rally has closed out its BTC short position, cutting losses at just under $114,000 after holding the position for less than seven hours. The address has previously closed two prior BTC short positions at a loss, bringing total losses across three BTC shorts to $547,000. Its ETH long position currently holds an unrealized profit of $10.71 million.
Ripple (XRP), Cardano (ADA), and Solana (SOL) maintain a consolidative tone, struggling to sustain their upside momentum. The technical outlook for XRP, ADA, and SOL suggests downside risk as altcoins struggle to advance their August gains.
Ripple holds above its 200-day EMARipple trades around $1.40 at press time on Tuesday, holding a constructive bias above its 200-day Exponential Moving Average (EMA) at $1.3550. The altcoin also hovers above the 50% Fibonacci retracement of the $0.9862 to $1.6999 upswing at $1.3430, underpinning the broader uptrend.
Momentum shows early signs of easing on the daily chart with the Moving Average Convergence Divergence (MACD) slipping below its signal line, while the Relative Strength Index (RSI) is around 59, reaffirming that momentum is moderating.
On the topside, resistance aligns first at the 78.6% Fibonacci retracement at $1.5129, with further hurdles at the recent swing high around $1.6999, levels that bulls would need to reclaim to reassert a stronger upward extension.
XRP/USDT daily price chart.On the downside, immediate support is seen at the 200-day EMA near $1.3550, followed by the 50% retracement at 1.3430, with deeper cushions at the 61.8% level at 1.2588 and the 78.6% retracement around 1.1389 if sellers extend a correction.
Cardano capped below long-term resistanceCardano holds a constructive near-term tone above the 50-day and 100-day EMAs at roughly $0.1978 and $0.2000, respectively. Still, ADA remains below the resistance cluster formed by the 200-day EMA at $0.2449 and the 78.6% Fibonacci retracement at $0.2465, measured from $0.2887 to $0.1382.
A confirmed breakout above this zone could extend the rally toward the $0.2887 swing high, followed by the 127.2% Fibonacci extension at $0.3527.
The RSI around 59 suggests mild neutral-to-bullish momentum, while the MACD and signal line show a modest positive slope, hinting that upside pressure could be easing.
ADA/USDT daily price chart.Looking down, initial support is aligned at the 50% retracement at $0.1997, backed by the 100-day EMA at $0.2002 and the 50-day EMA at $0.1978.
Solana loses strength above $100Solana trades around $103 on Tuesday, maintaining a constructive bullish bias as the price remains well above the 50-day, 100-day, and 200-day EMAs, which are clustered between roughly $85.80 and $90.95. This elevated positioning suggests the broader uptrend is intact.
From a technical perspective, Solana must surpass the December 16 low at $116, followed by the January 13 high at $148.
The RSI has eased back from prior overbought territory to a still-firm 62, while the MACD has slipped below its signal line, hinting at waning upside momentum.
SOL/USDT daily price chart.On the downside, initial support is seen around the $100 psychological level, reinforced by the 200-day EMA near $90.94 and the 50-day EMA near $90.03.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Solana is preparing to implement a major network upgrade on September 9, substantially increasing its maximum transaction size from 1,232 bytes to 4,096 bytes. This change marks a 3.3-fold expansion and is expected to enable more complex interactions within a single atomic transaction across the Solana blockchain.
Key upgrade details and technical backgroundAnatoly Yakovenko, co-founder of Solana, highlighted a key use case for the upgrade, explaining that the network will now allow “1 tx moving data atomically through two zk roots.” He alluded to the potential for rollup-based operations to take place on Solana, suggesting that beyond merely increasing transaction size, the upgrade could broaden the blockchain’s range of capabilities.
The revised transaction ceiling stems from the adoption of QUIC, a modern internet transport protocol, which made it possible to move beyond the network’s longstanding constraint. The original 1,232-byte limit was set to ensure transactions would fit within the minimum MTU required by IPv6, after accounting for networking overhead.
Mini dictionary: QUIC is a transport layer network protocol originally designed by Google, prioritizing speed and lower latency, and has now been adopted by various blockchain projects to improve network efficiency.
The adjustment arrives with Solana’s new transaction format, known as v1, which supports the larger transaction size. Existing legacy and v0 transactions will remain unchanged, so developers will need to adopt the v1 format to utilize the higher capacity.
Potential for new use cases and improved efficiencyThe Solana Foundation has identified several advanced applications that stand to benefit from the expanded transaction size. These include large multisignature operations, BLS signatures, Winternitz one-time signatures, Confidential Transfers, and zero-knowledge (ZK) systems. Many of these operations previously required multiple transactions but can now fit into a single atomic action, which could reduce transaction fees and confirmation times.
The upgrade is designed to unlock a range of possibilities for developers, especially those working with sophisticated cryptography and privacy technologies. Incorporating zero-knowledge proofs and rollup mechanisms becomes more feasible with the new capacity, while still maintaining the principle of atomic execution: either all parts of a transaction succeed, or none do.
Yakovenko claims that the upgrade is not only about handling more data per transaction, but also about allowing atomic transfers of complex operations like zk roots and supporting rollup-based applications natively on Solana.
Deployment and future outlookThe upgrade has already been deployed to Solana’s testnet, with Transaction V1 going live there in September, ahead of the mainnet rollout. The mainnet is scheduled to activate the higher transaction limit on September 9, enabling developers to take advantage of these improvements for production applications.
Although the upgrade increases the raw transaction capacity, the extent of its impact will depend on how developers build and scale new applications. Yakovenko’s focus on integrating advanced ZK proofs and rollups indicates that the real effect of the change could extend far beyond the headline 3.3x increase in size.
FeatureOld ValueNew ValueMax Transaction Size (bytes)1,2324,096Transaction Format RequiredLegacy/v0v1Rollup/ZK SupportLimitedExpandedDeploymentTestnet (Sep.)Mainnet (Sep. 9)The September 9 upgrade will provide Solana with a significant technical capacity increase. The full impact will depend on development activity and adoption of the new format within the ecosystem.
Bitcoin fell back to around $78,300 on September 8 after surpassing $82,000 last week. Ethereum trades near $2,480, XRP around $1.39, and Solana loses about 2% on the day. The decline affects the entire market, but it does not yet resemble capitulation: crypto capitalization falls by about 0.4%. Oil near $100, high bond yields, and the return of expectations for U.S. rate hikes explain much of the movement.
In brief Bitcoin fell below $79,000 after a recent peak above $82,000. Markets now price about a 58% chance of a Fed rate hike in September. Liquidations reach $165 million, including nearly $115 million on long positions. Bitcoin falls below $79,000 and drags altcoins down The movement started after another failure of bitcoin below $80,000. BTC had reached about $82,164 last week, its highest level in three months, before losing nearly 5% from that peak. We had already noted bitcoin’s difficulty in holding the $82,000 level after its late August rebound.
Altcoins follow suit. Ethereum loses about 1% around $2,480, XRP declines about 1.5%, and Solana approaches -2%. The variations remain contained for several large caps, although some more volatile cryptos retreat further.
So two things must be distinguished. The market is clearly falling, but today’s figures do not yet describe a crash comparable to the big liquidation sessions seen earlier this year.
Total capitalization is measured around $2,690 billion, down 0.43%. Its CMC20 index loses 0.53%. The Fear and Greed Index remains at 72, still in the “greed” zone. Not really a panicked market. Rather a market quickly shedding risk after several weeks of rebound.
Strong employment figures bring the Fed back to the center of the market The first problem comes from the United States.
The Bureau of Labor Statistics announced Friday 162,000 job creations in August, with an unchanged unemployment rate at 4.1%. The figure far exceeds the monthly average of only 31,000 jobs recorded over the previous twelve months.
These data change the reading of monetary policy. A stronger labor market provides more room for the Federal Reserve to maintain high rates or even raise them further if inflation persists. Contracts followed by CME FedWatch now give about a 58.4% probability of a 25 basis points hike in September.
A few days earlier, the market was still hesitating around 50%. For bitcoin, the mechanism is quite direct. Higher rates make bonds and money market placements more rewarding. Assets without intrinsic yield, and more generally risky assets, become relatively less attractive.
The 10-year U.S. Treasury yield rose to about 4.80%, near its highest levels since 2023. This movement affects not only crypto: futures for the Dow Jones, S&P 500, and Nasdaq were also trending down on Tuesday. Bitcoin is therefore not falling alone.
Oil near $100 revives the inflation problem The second factor is in the Middle East. Brent now trades around $99 per barrel after a new rise in regional tensions. Reuters reports attacks against Saudi energy facilities and growing concerns about supply.
The crypto market watches oil for a simple reason: energy directly fuels inflation. Oil sustainably near $100 can raise transportation, production, and many goods costs. This complicates the Fed’s task a few days before new U.S. price statistics.
PPI is expected Thursday, then CPI Friday. The FOMC meeting will then take place September 15-16, with the monetary decision scheduled for the 16th. The Fed’s official calendar confirms this schedule.
Another tension comes into the equation: the Japanese yen has appreciated about 4% in one week as expectations for Bank of Japan rate hikes grow. This movement can accelerate the unwinding of yen-funded positions, the famous carry trades. When leveraged, low-cost financed positions are reduced, the pressure can quickly spread to stocks, then crypto.
$165 million liquidated, mostly among buyers Derivatives then accelerate the movement. About $165.44 million in liquidations, including $114.75 million on long positions. Meanwhile, open interest rises 4.37% to reach $423.07 billion. Derivative volumes exceed $610 billion.
This is a combination to watch. When traders increase their leveraged exposure while bitcoin declines, some price levels automatically trigger the closing of long positions. These forced sales can then amplify a decline that began for macroeconomic reasons.
This phenomenon works both ways. Four days earlier, the market rebound caused over $400 million in liquidations of short positions when Bitcoin surpassed $81,000. The market has thus experienced two opposing movements in a few sessions. First, shorts suffered. Now, longs.
Bitcoin ETFs show that institutional investors are not fleeing One detail prevents telling this decline as a general capital withdrawal. U.S. Bitcoin ETFs continue to receive funds. On September 3, spot funds recorded $730.8 million in net inflows. The next day, they attracted another $174.6 million. Farside data notably show $454 million for BlackRock’s IBIT on September 3.
We recently noted the best series of the year for Bitcoin ETFs, with about $3.8 billion collected over three weeks.
This is an important counterpoint. The current decline thus does not seem to come from a massive withdrawal of institutional investors from ETFs. It rather looks like a reaction of liquid markets to rates, oil, and short-term repositioning.
Even on Friday, September 4, when inflows slowed significantly compared to the previous day, they remained positive at $174.6 million. Institutional demand has not disappeared. It just does not suffice, for now, to offset all the macro pressures.
The CLARITY Act adds uncertainty, without being the main cause The CLARITY Act is added among the caution factors. The Senate must attempt a cloture vote on September 15. It will require 60 votes to move to full debate.
Adoption chances have significantly deteriorated on prediction markets in recent months. We detailed the difficulties of the CLARITY Act before the September 15 vote, as several disagreements remain in the Senate.
It is nevertheless important not to blame the entire decline on it. The most directly visible elements this Tuesday are macroeconomic: oil around $99, 10-year U.S. yields near 4.8%, rising rate expectations, and parallel falls in stock futures. The CLARITY Act adds crypto-specific uncertainty but seems more to amplify caution than to have triggered the movement alone.
Bitcoin now faces a busy week The next few days will quickly bring answers. The market will watch the 10-year Treasury auction, the PPI on Thursday, then especially the CPI on Friday. Higher-than-expected inflation could further strengthen rate hike expectations before the September 16 meeting.
For Bitcoin, the $77,000 zone is now closely monitored. This level corresponds to the lower part of the recent consolidation after the rebound from $60,000.
The context remains very different from a generalized capitulation: Bitcoin ETFs remain in net inflows, the Fear and Greed index stays high, and several major cryptos still retain part of their weekly gains. The current decline mainly results from a fairly classic mix: higher yields, expensive oil, a more uncertain Fed, and significant leverage in derivatives markets. This time, macro has taken control.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
Solana maintained a price near $105 on Tuesday, September 8, according to CoinGecko data, holding above the psychologically important $100 level after a volatile start to the month. The four-hour trading chart shows SOL closing at $103.77 on September 7, with traders watching for a breakout test in the $115–$116 range as short-term volatility continues.
Traders monitor key levels as SOL compresses near $105Solana is currently trading within a tightening technical pattern on the four-hour chart, with rising support converging toward descending resistance near current levels. This setup follows a recovery from lows seen in early September. Market analyst SatoshiOwl stated that this price compression could initially resolve to the upside, targeting the $115–$116 area.
The technical chart reveals SOL hovering near $105.67, with resistance traced back to late August’s high at around $110. The upward trendline anchors from a rebound around $97–$98, creating a focal point for potential price action.
A decisive move above the descending line would be the first technical signal confirming a bullish breakout. To solidify this move, Solana must surpass the $107–$108 area, which is seen as local resistance, before any rally toward $115–$116 can be confidently anticipated.
Despite the bullish setup, SatoshiOwl warned that the projected upward move comes with significant risks. According to his scenario, after peaking near $116, SOL may see a sharp reversal sending prices quickly back toward the mid-$80s. The analyst remains optimistic for a short-term rally, but cautioned that excessive enthusiasm at higher levels could leave traders vulnerable to a sudden downturn.
“The path looks bullish in the short term, but if optimism runs too high near $116, downside risk sharply increases,” SatoshiOwl indicated.
A decline below the rising support line or a drop under recent lows around $103–$104 would likely undermine the breakout narrative. Falling beneath the $100 threshold would further weaken the bullish outlook for Solana in the near term.
Long-term chart highlights $148 and $248 resistance zonesA separate long-term analysis by Celal Kucuker, a crypto trader and chartist, presents an even more bullish prospect for Solana. His chart identifies the key support zone at $70.72 as the foundation for a potential major recovery, outlining a rounded price formation that could eventually challenge much higher resistance if upward momentum continues.
On the seven-day Binance chart, Solana has rebounded from the $70.72 support and is pushing away from a descending trendline. However, the next crucial test awaits at $148.16, which must be cleared for the recovery structure to strengthen. Should that happen, the focus would shift to the higher resistance area at $248.63.
Kucuker predicted the possibility of SOL reaching $300 and making a new all-time high if these major hurdles are overcome. His extended target scenario, illustrated within the chart, shows a potential move toward approximately $989.60—yet such outcomes hinge on clearing the closer resistance levels first.
Charts suggest $1,000 is a long-term target, but Solana first needs breakouts above $148 and $248,” Kucuker explained in reference to the ongoing recovery structure.
For now, analysts are watching both short-term and long-term timeframes. Immediate focus remains around the $107–$108 and $115–$116 levels. Without a clear breakout, more ambitious targets will remain out of reach and Solana’s current trend will be dictated by technical support and resistance milestones.
DeFi Development Corp has closed an $11 million public offering of something called CHAD Stock, a preferred equity instrument backed by the company’s Solana treasury. The offering, which wrapped up on September 8, marks what the company is calling the first SOL-backed digital credit instrument to trade on a major exchange.
What CHAD Stock actually is CHAD is the company’s Variable Rate Series C Perpetual Preferred Stock. It’s a share class that sits above common equity but below debt in the event the company ever has to liquidate. It pays dividends, doesn’t convert into common stock, and trades on Nasdaq under the ticker CHAD.
The offering consisted of 1.375 million shares priced at $8.00 each. Each share carries a stated value of $10, with an annual dividend rate of 13% on that stated value. At the $8 purchase price, that translates to an effective yield of roughly 16.25%. The first dividend payment is scheduled for October 1, 2026.
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Notable participants in the offering included Thomas Lee, co-founder and head of research at Fundstrat Global Advisors, and the chairman of BitMine, an Ethereum-focused treasury firm.
The SOL treasury play DeFi Development Corp, which trades on Nasdaq under the ticker DFDV, currently holds approximately 2.33 million SOL along with other equivalent digital assets. A recent acquisition added roughly 19,000 SOL at an average price of $98 per token.
The net proceeds from the CHAD offering will be directed primarily toward buying more Solana and investing in related digital asset projects. The comparison to MicroStrategy is instructive but imperfect. MicroStrategy’s convertible notes gave bondholders an equity kicker through conversion rights. CHAD Stock is explicitly non-convertible, meaning holders get their yield and their liquidation preference, but no path to common equity upside.
If SOL appreciates meaningfully, DFDV keeps the upside beyond its 13% dividend obligation. If SOL drops, the company still owes those dividends.
From real estate to Solana DeFi Development Corp was previously known as Janover Inc., a firm involved in real estate and AI-powered financing. In April 2025, the company rebranded and pivoted to a Solana-focused digital asset treasury strategy.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The attacker associated with the third wave of Coldcard wallet thefts has begun moving more bitcoin, routing earlier transfers through THORChain to Ethereum and sending newer movements into CoinJoin rounds. Galaxy Research described the activity in a Sept. 7 on-chain update and said the exploiter had created 293 two-of-two multisignature vaults for victims’ coins.
The update documents wallet behavior, not the attacker’s identity or intent. Moving funds through cross-chain infrastructure and collaborative Bitcoin transactions can complicate tracing, but it does not by itself prove that the proceeds have been successfully laundered.
Wave 3 funds start leaving their vaults Galaxy said the first movements in this wave occurred on Sept. 2, when coins were sent through THORChain and arrived on Ethereum. The research firm then observed subsequent transfers entering CoinJoin rounds. Its public post did not provide a final amount moved or say that every vault had been emptied.
A CoinJoin combines inputs and outputs from multiple participants in one Bitcoin transaction. That construction makes straightforward transaction-graph analysis more difficult because an observer cannot simply assume that each input maps to a specific output. Investigators can still use timing, amounts and later spending behavior, but confidence in attribution can fall.
The latest movement follows the larger Coldcard incident Galaxy previously connected the third wave to hundreds of attacker-created vaults. Earlier reporting on the Coldcard exploit and affected bitcoin described a broader theft involving compromised wallet generation. The newest transfers change the case from largely stationary holdings to an active tracing problem.
THORChain and CoinJoin play different roles in that path. THORChain enables swaps across native assets, while CoinJoin operates within Bitcoin by combining transactions. Neither tool is inherently malicious; the relevance here comes from their observed use by addresses Galaxy associates with the exploiter.
Wallet remediation remains separate from fund tracing Following stolen funds does not repair a compromised seed. Users affected by weak wallet generation must create a fresh seed with corrected software or trusted hardware and transfer remaining assets. Simply installing new firmware cannot make an already exposed recovery phrase secret again.
Galaxy’s update gives investigators a new sequence to monitor, but recovery is not guaranteed. Any definitive claim about attribution, the amount mixed or the destination of swapped assets will require additional on-chain evidence and, potentially, information from services that receive the funds.
AUTHOR
Blockchain analyst specializing in the regulatory impact of government policies on the crypto industry. Known for his thorough research and clear, engaging writing, Emmanuel provides insightful analysis on the latest trends, market shifts, and emerging crypto innovations. His work aims to educate and inform both novice and experienced readers, offering expert perspectives on the fast-evolving world of digital assets. With a passion for staying ahead of the curve, Ogwu is a trusted voice in the cryptocurrency and blockchain space.
The operator behind the so-called Wave 3 cluster of Coldcard hardware-wallet thefts has begun systematically cashing out stolen bitcoin after weeks of inactivity, according to a Monday update from Galaxy Research.
Galaxy’s on-chain team says the actor created 293 separate 2-of-2 multisignature vaults, one for each victim grouping, rather than funneling coins into a shared collector as earlier waves did.
Those vaults held about 208 bitcoin after the late-July and early-August sweeps.
Starting September 2, the operator began spending the largest holdings first.
By September 7 it had emptied ranks 1 through 11, moving 97.09 bitcoin from 12 vaults.
The next ten unspent vaults still contain 30.81 bitcoin; vaults ranked 61 through 293 hold another 33.77 bitcoin combined.
Two hundred eighty-two vaults remain untouched with 116.98 bitcoin.
The first large exit, on September 2, sent 20.50 bitcoin across THORChain into two Ethereum addresses that were later emptied.
Subsequent spends on September 5 and 6 routed coins into CoinJoin mixing rounds after brief hops through Taproot addresses.
Galaxy calculates that the Wave 3 operator has now moved roughly 45 percent of the coins taken in that cluster, sending them either to Ethereum via THORChain or into CoinJoin denominations.
The Coldcard Wave 3 operator has been methodically moving the largest thefts in order by size rank. They have spent ranks 1–11 in order; the next ten unmoved vaults hold 30.81 BTC. Ranks 61–293 hold 33.77 BTC between them. pic.twitter.com/iV09c1JwaL
— Galaxy Research (@glxyresearch) September 7, 2026
The same spending also revealed a previously unlisted 58-address cluster that used an identical 2-of-2 script and was co-spent into a hop that funded a CoinJoin.
Galaxy currently labels the cluster “cause = open” but considers it likely another Coldcard victim set.
If confirmed, Wave 3 would expand to 294 vaults and Galaxy’s published high-confidence total for the entire exploit would rise to about 1,806 bitcoin.
Across the wider investigation, Galaxy estimates that about 82 percent of coins it attributes to the Coldcard vulnerability still sit in original attacker-controlled addresses, while about 18 percent have been moved in patterns consistent with laundering.
The 45 percent figure applies only to the Wave 3 vaults now being spent.
The thefts stem from a firmware defect introduced in March 2021 that weakened seed generation on certain Coldcard models, allowing offline reconstruction of private keys for single-signature addresses created after that date.
Coinkite published an advisory and fixed firmware; existing weak seeds cannot be repaired and must be replaced.
Galaxy has documented multiple distinct waves and footprints and has said it cannot confirm whether they belong to one actor or several.
Researchers continue to work with victims so they can file reports with authorities and have shared suspected attacker addresses with investigators and industry partners. Additional victims are still coming forward, but Galaxy has not identified confirmed new attacker activity after August 6 except for these later movements of already-stolen coins.
XRP may be facing some whale transfer risk as large holders move more tokens to Binance without making similar transfers out.
The latest data shows that whales moved more than 3 million XRP to Binance on Sept. 7, while no XRP left the exchange from the same large-holder group.
XRP Whale Inflows to Binance Spike Specifically, the chart tracking transfers between 100,000 and 1 million XRP shows about 260,000 XRP flowing into Binance on Sept. 7, while outflows stood at zero.
At the same time, transactions involving at least 1 million XRP moved about 3 million XRP to Binance. This group also recorded no outflows from the exchange.
XRP Inflows to Binance By itself, this could suggest that more XRP is moving to Binance for possible short-term selling, which could add some pressure to the price.
However, the broader picture looks less concerning. Notably, XRP inflows and outflows have stayed fairly quiet since July compared with the larger spikes seen earlier. This suggests that whales are not currently showing strong signs of either accumulation or distribution.
Interestingly, retail investors have been moving more XRP out of Binance as larger holders send tokens to the exchange. On Sept. 7, transactions involving between 1,000 and 10,000 XRP moved 16,268 XRP out of Binance.
Transactions involving between 10,000 and 100,000 XRP also recorded notable outflows, with 256,819 XRP leaving Binance on the same day. This activity helps balance the whale transfers, as smaller investors are withdrawing XRP while larger holders are sending tokens to the exchange.
XRP Outflows from Binance XRP Technicals Give Bulls a Small Edge Meanwhile, XRP’s technical indicators also show a mixed trend while giving bulls a small edge. The Aroon Up reading stands at 78.57%, while Aroon Down sits at 71.43%. This gives XRP a mild bullish bias because the latest significant high occurred more recently than the latest significant low.
However, the gap between the two readings is only about 7 percentage points. That is not enough to show strong buying pressure or confirm that a major trend reversal is underway. Neither line has a lead, and their close readings suggest uncertainty.
For the Directional Movement Index, the +DI stands at 29.38 and remains above the -DI at 19.32, giving buyers a directional advantage. Meanwhile, ADX is at 30.18, showing that XRP remains in a trending market since readings above 25 generally show a strong enough trend.
XRP Weekly Chart XRP Trend Could Be Losing Strength Despite the lead held by the +DI, the three DMI readings are all weakening. The +DI is falling, the -DI is also falling, and ADX is moving lower. These readings suggest that the current trend is losing strength and could move toward consolidation or a new directional move.
This makes XRP’s exchange flows worth observing. If inflows to Binance continue to rise, the risk of stronger selling pressure and a price pullback would increase. In contrast, if outflows begin to exceed inflows, it could be more positive for the price.
For now, XRP’s structure remains neutral to mildly negative in terms of exchange flows. A stronger signal would require clear net inflows or outflows to continue for several days instead of relying on activity from a single day.
Meanwhile, for the technical outlook to turn more clearly bullish, XRP needs a decisive weekly close above $1.50. Also, Aroon Up would need to widen its lead over Aroon Down, while ADX may need to stabilize or move higher to show that the trend is gaining strength again.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Etherscan just shipped a tool that turns blockchain forensics from a dark art into something closer to a Google search. The new Etherscan Flow agent skill, part of the company’s Build with AI suite, lets AI agents and coding assistants trace, verify, and visualize onchain money flows across more than 60 EVM-compatible chains.
It got a real-world stress test almost immediately. Security researchers used Flow to map out exactly how the RedSonic Vault exploit unfolded around September 5, 2026, when an attacker used a flash loan to drain approximately 9.25 ETH, worth roughly $23,000, in a single transaction.
How Etherscan Flow actually works Think of Flow as a translation layer between raw blockchain data and human understanding. The tool queries Etherscan’s live API data and generates what the company calls a “Flow Case” file, a structured output that can be imported into etherscan.io/flow for visual examination.
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The practical upshot: instead of manually hopping between block explorers, contract calls, and wallet addresses to piece together what happened in a complex transaction, Flow does the legwork. It traces transactions and addresses, profiles entities like DAOs or protocols, and can even import documents to verify them against onchain records.
Released in late August 2026, the tool is designed to plug directly into AI agent workflows. That means developers building investigation tools, compliance bots, or security monitors can integrate Flow’s capabilities without rebuilding Etherscan’s entire data pipeline from scratch.
The RedSonic Vault exploit: a case study in real time The attack exploited a flaw in RedSonic’s permissionless registerErc20() function. In plain terms, the vault let anyone register new token types as collateral, and the attacker found a way to register stETH in a manner that allowed the same collateral to be counted twice.
With double-counted collateral, the attacker could borrow more than they should have been able to, then repay the flash loan and walk away with the difference. The entire sequence played out in a single transaction, hash 0xe3cba90e865c6cba950ebce36a52607f51f1fd33cd9fb920c78803f19b57791a.
Security researchers used Etherscan Flow to trace the attacker’s wallet (0x70f2333d21Ed7E7D105F6578227A9A747687982C) and the vault contract (0x4315990d9eeaffdfafd49958b4851f203fa1126f), mapping out each step of the exploit in a format that could be reviewed and shared.
Why better tooling matters for DeFi security Tools like Etherscan Flow don’t prevent exploits. They can’t patch a buggy smart contract or stop an attacker mid-transaction. What they do is dramatically lower the barrier to understanding what happened after the fact.
On-chain analytics firms like Chainalysis and Elliptic have built large businesses around transaction tracing, but their tools are primarily aimed at institutions and law enforcement. Etherscan Flow, by embedding tracing capabilities directly into developer workflows and AI agent frameworks, potentially democratizes access to this kind of analysis.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
XRP price is trading near $1.39 today after a sharp dip from $1.60, settling into a $1.35-$1.45 range. On-chain data and technical analysis from popular analysts signal a potential breakout and upcoming rally.
XRP Whale Accumulation Bounces Back CryptoQuant Whale Flow 30DMA showed XRP whale accumulation is rebounding sharply again in September, after fading in late August. Latest on-chain data indicates selling pressure from whales is easing.
XRP Whale Flow 30DMA. Source: CryptoQuant Positive whale flows (green) dominated from early to mid-August, coinciding with the price breakout above $1.20 and $1.40 later. Inflows faded from around August 26 and the metric flipped to largely negative whale flows (red), with an average daily outflow of 3 million XRP. Exchange inflows also accelerated during this period.
The latest pattern is consistent with earlier XRP whale accumulations when Whale Flow 30DMA hit a 10-month high. Daily XRP Ledger transactions have also stayed above 2 million through early September, with active accounts and payments also remaining elevated.
Daily XRP Ledger Transactions Meanwhile, Spot XRP ETFs are witnessing strong inflows, indicating massive interest from institutional investors. The massive inflows contributed to cumulative ETF inflows reaching $1.68 billion, as per SoSoValue data. Also, the total assets under management (AUM) exceeded the $1.48 billion mark amid the recent rebound in whale accumulation.
Analyst Predicts XRP Price Rally Crypto analyst Ali Martinez shared an hourly chart of XRP, pointing out a descending triangle formation. He predicts XRP price rally towards $1.46 following a confirmed breakout above $1.40. He recommends that traders wait for an hourly close above $1.40 before entering.
XRP Price in 1-Hour Timeframe. Source: Ali Martinez For a long-term outlook, he predicts the $3.66 resistance level is the key barrier. A monthly close above it would confirm the breakout and activate a technical target near $60. Other analysts also remain bullish XRP price.
XRP price is trading at $1.40, rising more than 1% in the past 24 hours. The 24-hour low and high were $1.38 and $1.41, respectively. Trading volume has increased slightly despite volatility amid September Fed rate hike jitters.
Derivatives markets showed buying sentiment, with futures volume surging to a 6-month high. The total XRP futures open interest jumped 0.81% to $3.13 billion in the last 4 hours. Notably, the 4-hour futures open interest on CME climbed almost 1%, 0.80% on Binance, and 1.15% on Hyperliquid.
To capture these volatility swings, active derivatives traders should compare the best crypto futures trading platforms to leverage advanced order books.
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Shiba Inu (SHIB) stalls above $0.00000500 on Tuesday, following two consecutive bullish months as upside momentum eases. Volatile investors' interest in the meme coin amid rising supply on exchanges warns of profit-taking despite consistent token burns.
Exchange deposits hit fresh highs amid consistent token burnsShiba Inu burned 41.35 million SHIB tokens on Monday, following the 43.43 million tokens burned on Thursday, reflecting a steady approach to controlling token inflation. Despite the burns, SHIB stalls and lacks momentum to extend its uptrend as the broader market's shift toward privacy coins lowers the recovery odds for speculation-driven meme coins.
SHIB burning activity. Source: ShibburnOn-chain data supports the possibility of reduced investor demand amid rising deposits on crypto exchanges. Shiba Inu supply on exchanges stands at 139.59 trillion SHIB, up from 137.66 trillion SHIB on July 24.
At the same time, the SHIB supply in profit stands at 7.60%, the highest in eight months, suggesting a higher likelihood of long-trapped investors booking profits.
SHIB on-chain data. Source: SantimentTechnical outlook: Could SHIB extend its rally?Shiba Inu edges lower on Tuesday, following a bearish close the previous day. From a technical perspective, SHIB remains capped under an ascending resistance trendline connecting the highs of July 26 and August 21, near the May 11 high at $0.00000670.
The meme coin also holds above the 50% retracement level of the downswing from $0.00000670 to $0.00000405, at $0.00000521, reaffirming a broadly neutral near-term bias. Immediate resistance for SHIB aligns with the 78.6% Fibonacci retracement at $0.00000602.
The Relative Strength Index (RSI) near 55 points to balanced momentum, and the flat Moving Average Convergence Divergence (MACD) line close to its signal line underscores the absence of a clear directional impulse.
SHIB/USDT daily price chart.Looking down, the 50% retracement level at $0.00000521 serves as the immediate support, followed by the 23.6% Fibonacci retracement level at $0.00000456.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
A Shiba Inu whale has ended more than three years of inactivity by transferring 407.99 billion SHIB to BitGo, potentially signaling an intention to sell.
The transaction occurred this week as Shiba Inu faced renewed volatility and struggled to hold above the psychologically important $0.0000055 level.
Whale Moves 407.99 Billion SHIB to BitGo According to Arkham data, the whale recorded no outflow activity after receiving SHIB on July 16, 2023. At the time, another whale wallet sent 600 billion SHIB to the address.
That sending wallet had previously accumulated 10 trillion SHIB before distributing most of its holdings to multiple addresses in batches of 600 billion tokens.
After receiving its allocation, the dormant wallet remained inactive for more than three years. However, that streak ended on September 6, 2026, when the whale initiated its first-ever outflow.
First, the wallet transferred 836,221 SHIB to purchase ETH for gas fees. It then moved 407,999,431,439 (407.99 billion) SHIB tokens to a Forwarder address. The Forwarder subsequently routed the tokens to BitGo. At the time of the transaction, the transfer was worth $2.21 million.
Shiba Inu Transfer Following the move, the whale still held roughly 192 billion SHIB, currently valued at about $1.05 million.
Shiba Inu Whale Balance Similar Transaction Interestingly, the latest transaction mirrors a similar movement recorded last week.
As previously reported by TheCryptoBasic, another major Shiba Inu whale transferred 600 billion SHIB to BitGo through the same routing mechanism. That whale first sent the tokens to a Forwarder address before the funds ultimately reached BitGo.
Exchange deposits often attract attention because investors can move tokens to trading platforms when preparing to sell. However, the transfer itself does not confirm that the whale has liquidated its holdings.
Therefore, it remains unclear whether the latest 407.99 billion SHIB movement signals an imminent sale, an internal fund transfer, or another purpose.
SHIB Exchange Outflows Continue to Outpace Inflows The whale’s transaction also contrasts with broader SHIB exchange-flow data.
According to CryptoQuant, more SHIB left exchanges than entered them over the past 24 hours. Notably, 260.17 billion SHIB flowed out of exchanges, compared with roughly 182.58 billion SHIB in inflows. As a result, SHIB recorded a negative netflow of 77.59 billion tokens.
This broader trend suggests that, despite the whale’s large transfer to BitGo, the overall market has seen more SHIB withdrawn from exchanges than deposited.
SHIB Exchange Flow Data SHIB Struggles to Hold $0.0000055 At press time, SHIB traded around $0.000005469, down 1.73% over the past 24 hours.
Consequently, the decline pushed SHIB slightly below the $0.0000055 threshold, which has emerged as an important psychological level for the token.
Shiba Inu currently ranks as the 29th-largest cryptocurrency by market capitalization, with a market value of approximately $3.18 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shiba Inu may be approaching a significant technical turning point after breaking above a long-term descending trendline that has pressured SHIB since 2024.
According to crypto analyst CryptoNuclear, Shiba Inu traded beneath the descending trendline after reaching a multi-month high of $0.00003343 in December 2024. Since then, SHIB has formed a series of lower highs and lower lows, reinforcing its broader bearish structure.
However, recent price action has changed that setup. CryptoNuclear noted that SHIB has now broken above the descending trendline on the 5-day chart, marking an important technical development.
The analyst said a sustained breakout could signal a transition from the long-term bearish trend into an accumulation and recovery phase. However, SHIB must hold above the broken trendline to confirm the reversal.
SHIB Path to $0.000014 If the breakout holds, CryptoNuclear identified $0.00000660 as the first major resistance level. A decisive break above that level could strengthen the bullish structure and open the way toward $0.00000930 and $0.00001150.
Meanwhile, the analyst’s highest marked target stands at $0.000014. From SHIB’s price of around $0.00000546, reaching that level would require a 156% upsurge.
Notably, Shiba Inu last traded above $0.00001 in early January 2026, making a return to that level an important milestone for the token.
Shiba Inu Bulls Target Surge to $0.000014 What Could Confirm the Breakout? Despite the bullish breakout, CryptoNuclear highlighted a potential retest of the broken descending trendline as one of the most important developments to watch.
The classic bullish sequence would involve a breakout, followed by a retest, a successful hold, and then continuation. If SHIB pulls back toward the former trendline and buyers defend the area, the old resistance could turn into new dynamic support.
Such a reaction would provide stronger confirmation that Shiba Inu has genuinely shifted from its long-term bearish structure, according to CryptoNuclear.
Conversely, an immediate rejection back below the trendline could undermine the bullish setup. CryptoNuclear identified $0.00000500–$0.00000520 as immediate support, while $0.00000405 remains the critical structural level. A decisive break below $0.00000405 could invalidate the reversal thesis and revive the broader bearish trend.
CoinJar Sees Potential Accumulation Phase The technical outlook also aligns with a recent analysis from CoinJar exchange. Over the weekend, CoinJar analysts noted that Shiba Inu was trading near the lower boundary of a long-term range, with the prolonged consolidation potentially signaling an accumulation phase.
However, CoinJar stressed that stronger buying volume and price confirmation are still needed before traders can establish a sustained breakout.
If SHIB reclaims and holds the range-low support at $0.00000548, increased buying participation could propel the token toward the range’s upper boundary and resistance near $0.00000904. Conversely, failure to regain that support could keep SHIB in consolidation and expose it to further weakness.
CoinJar Says SHIB Is In Accumulation Phase Current SHIB Price Action and Burn Activity At press time, Shiba Inu was trading near the key support at $0.000005423, down 1.96% over the past 24 hours as the broader cryptocurrency market weakened.
Meanwhile, SHIB’s burn activity has provided a notable boost to its deflationary efforts. More than 39 million tokens were permanently removed from circulation over the past 24 hours, with 40.09 million SHIB burned across 12 transactions.
As a result, the daily burn rate surged by 1,122%. The largest transaction accounted for 36.33 million SHIB. Despite the increased burn activity, Shiba Inu still has a massive circulating supply of approximately 589.15 trillion tokens, meaning sustained demand and stronger market participation remain crucial to any long-term recovery.
Shiba Inu Burn Rate Spikes DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
HashKey Cloud said on Sept. 7 that it had joined Stacks as a launch partner for self-custodial Bitcoin staking.
Summary
HashKey Cloud joined Stacks as a Genesis Bond participant and an sBTC signer operator officially. The institutional Genesis Bond is scheduled to launch around September 10, according to Stacks developers. Bonded Bitcoin remains timelocked on Bitcoin while participants pair it with locked STX tokens separately. HashKey Cloud says its staking infrastructure spans more than 40 different blockchain networks globally today. sBTC signers coordinate Bitcoin deposits and withdrawals using a threshold-based approval system collectively onchain today. The agreement gives the infrastructure provider two roles: participating in the inaugural Genesis Bond and joining the signer network securing sBTC.
HashKey Cloud operates under HashKey Holding Limited. Stacks founder Muneeb Ali presented the collaboration during the HashKey Cloud and Cactus Custody “Yield on Trust” event in Hong Kong.
The company says its node and staking infrastructure covers more than 40 blockchain networks. Stacks reported that HashKey Cloud manages about HK$29 billion in staked assets. These figures come from the companies and were not independently audited for the partnership announcement.
HashKey Cloud will participate in the first Genesis Bond HashKey Cloud will join the first institutional cohort using Stacks’ new Protocol Bond system. Stacks said in an official announcement that the Genesis Bond was expected to begin around Sept. 10.
The launch date remains an estimate. Stacks has not announced an exact activation time, final capacity or participant allocations. Technical or operational conditions could also alter the schedule.
The first cohort includes institutional participants such as digital asset manager 21Shares and UTXO Management, a subsidiary of Bitcoin treasury company Nakamoto Inc. The Genesis Bond is intended to demonstrate how institutions can earn BTC-denominated rewards without transferring their Bitcoin to a centralized custodian.
Bitcoin committed to the product remains visible on its base blockchain. The arrangement should allow observers to inspect the relevant timelock transactions without relying exclusively on reports from Stacks or participating institutions.
The phrase “Bitcoin staking” requires context. Bitcoin uses proof-of-work and does not support staking through its native consensus system. The Genesis Bond does not change Bitcoin’s consensus rules.
Stacks instead uses Proof of Transfer, commonly called PoX. Stacks miners commit BTC while competing to produce blocks. The protocol distributes part of that Bitcoin to qualifying participants as rewards.
Bitcoin remains under the holder’s keys Stacks’ PoX-5 design introduces a Protocol Bond that connects two separate commitments. The participant timelocks BTC on Bitcoin’s base layer and locks a corresponding amount of STX on Stacks.
According to the project’s technical documentation, a bond lasts 12 Stacks reward cycles, or approximately six months. The Bitcoin remains in a wallet controlled by the holder’s keys rather than moving to a centralized custodian or wrapped asset.
The participant must also lock STX through a signer-manager contract. The two positions are cryptographically associated and operate together for the bond term.
PoX-5 permits only one active staking position for each Stacks principal. A participant cannot use the same principal for an STX-only position and a Protocol Bond simultaneously. The protocol also prevents one principal from holding two concurrent bonds.
The documentation allows early withdrawal. However, participants leaving before the scheduled end of a term forfeit their remaining rewards for that cycle. Recovering the BTC principal still requires the holder’s signature.
Rewards initially accrue as sBTC. A participant may request native BTC by supplying a Bitcoin payout address, provided the selected signer manager supports base-layer withdrawals.
Native BTC settlement is not available under every configuration. If the withdrawal cannot be processed within the participant’s maximum transaction-fee setting, the payment falls back to sBTC.
As crypto.news reported, Stacks is targeting an annualized Bitcoin yield near 3% during the initial phase. The rate is a protocol target, not a guaranteed return. Actual rewards may vary with miner commitments, available capacity and network conditions.
HashKey Cloud will help secure sBTC transfers HashKey Cloud will also operate as a signer for sBTC, the Bitcoin-backed asset used within the Stacks ecosystem. Stacks previously confirmed that HashKey Cloud, Ankr and The Tie had joined the signer set.
sBTC is designed to represent BTC on Stacks at a one-to-one ratio. Users can deploy it within Stacks applications while the underlying Bitcoin remains governed by the network’s signer system.
Signers collectively authorize deposits and withdrawals between Bitcoin and Stacks. No individual signer can independently move the BTC backing sBTC.
Stacks said the system maintained a 70% approval threshold throughout the latest signer rotation. Operations such as withdrawals require approval representing at least 70% of participating signer weight.
Adding HashKey Cloud brings an Asia-based infrastructure provider into the signer group. Stacks described the expansion as improving institutional access and distributing operating responsibility across additional companies and regions.
Those benefits remain Stacks’ assessment. A larger signer set does not remove every technical or governance risk associated with sBTC.
Users still depend on enough signers remaining available and following the protocol correctly. Software failures, signer outages or coordination problems could delay deposits and withdrawals. Smart-contract faults could also affect services built around sBTC.
Self-custody reduces exposure to a single custodian, but it does not eliminate risks arising from Stacks contracts, wallet software, signer managers or the sBTC system.
Genesis Bond access will remain limited initially Stacks plans to introduce Protocol Bonds in stages. Initial Genesis Bond access focuses on institutions and professional market participants rather than unrestricted retail participation.
The project’s staking guidance says bond capacity will be allocated to approved partners during the bootstrap phase. Some capacity may become available through selected pooling providers.
Wallet compatibility is another requirement. Leather and Xverse support PoX-5 functions, while Ledger users need Stacks application version 0.26.15 or later for transactions carrying the new spending conditions.
Participants must also consider the prepare phase at the end of each reward cycle. During the final 100 Bitcoin blocks, the protocol rejects new staking transactions, position updates and withdrawal requests.
HashKey Cloud has not disclosed how much BTC or STX it plans to commit. The company also has not published participation fees, customer eligibility requirements or a list of supported jurisdictions.
Its announcement cautioned that Bitcoin staking services may be unavailable in some regions because of local laws. HashKey Cloud did not guarantee any investment return.
The Genesis Bond’s expected launch is the next event to watch. Confirmation of the activation time, committed Bitcoin, participating institutions and available capacity would provide the first measurable evidence of demand for the product.
Xverse launched Bitcoin staking through sBTC on Stacks on Sept. 7, making the feature available in version 2.9 of its self-custodial wallet. In its official launch announcement, Xverse said users can put existing bitcoin to work and receive additional bitcoin through the fee-efficient sBTC representation on Stacks.
The product does not lock native BTC directly on the Bitcoin base layer. Xverse’s technical overview says participants use sBTC, which is backed one-for-one by bitcoin held through the Stacks signer system, and pair it with STX. That structure introduces different risks from simply holding BTC in a wallet.
Staking pairs sBTC with a smaller STX position A position combines sBTC with STX worth roughly 5% of the deposited sBTC, according to Xverse. The STX is neither a fee nor collateral; it establishes eligibility and links the position to a Stacks identity. The bitcoin-denominated rewards accrue to the sBTC side rather than the STX balance.
Xverse said users can obtain an STX shortfall inside the staking flow. Each participant receives one position per bond and may add sBTC or STX before the bond begins. Once it is active, the position remains fixed unless the user withdraws the sBTC or waits for maturity.
Rewards target about 3% but can vary The protocol targets an annual percentage yield of roughly 3%, with distributions arriving in sBTC about once every two weeks. The realized return depends on the bitcoin committed by Stacks miners and the amount deposited alongside it, so the target is not a guaranteed rate.
Each bond runs for six months. Before registration, users can withdraw both assets. After a bond starts, sBTC can be removed early, but the paired STX remains locked until maturity. Xverse also warns that the staking contracts are new and that sBTC depends on its signer set and continued peg to bitcoin.
The launch opens retail access to the Genesis Bond Xverse’s rollout gives wallet users pooled access to the Stacks Genesis Bond without meeting a large standalone minimum. BlockchainReporter previously reported that 21Shares joined the same Bitcoin staking program as an institutional participant. The two developments involve different access channels: 21Shares supplied capital to the bond, while Xverse now offers a wallet interface for individual positions.
The Genesis Bond is scheduled to begin near Bitcoin block 966,350, which Xverse estimated around Sept. 10 in Stacks reward cycle 143. The precise timing remains block-dependent. Later bonds are expected to open roughly monthly, but available capacity and deposit windows may close before a scheduled start.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
Bitcoin has become one of the world’s largest pools of digital capital, yet only a small fraction participates in onchain financial activity.
Summary
Stacks plans to use self-custodial Bitcoin Staking as an entry point for BTC holders, targeting roughly 3% annualized rewards paid in Bitcoin. Its roadmap moves from attracting Bitcoin capital to scaling network infrastructure and expanding into lending, trading, perpetual markets and programmable BTC. StackingDAO, Bitflow, Zest Protocol and Hermetica are developing liquid staking, trading, credit and yield products that could give staked and Bitcoin-linked capital more uses across the ecosystem. Other crypto ecosystems built large economies around staking, lending and decentralized trading. Bitcoin, by comparison, still lacks a universally accepted home where holders can put BTC to work without taking on custody, bridge or foreign-chain risks.
That is the problem Bitcoin-native finance is trying to solve.
The term describes a financial system built around Bitcoin as the productive asset, with services such as staking, lending, borrowing and trading anchored to Bitcoin rather than requiring holders to move their wealth into another blockchain economy. Stacks is pursuing that model through a 2026 roadmap built around three connected stages: attract Bitcoin capital with self-custodial yield, scale the infrastructure needed to support greater activity, then expand the financial applications available to that capital.
The official roadmap is currently presented as a 2026 plan rather than a formal roadmap extending through 2030. Its direction, however, describes a longer-term effort to build lending, trading, programmable capital and other financial services around Bitcoin. The central question for the coming years is whether Stacks can turn that roadmap into the ecosystem where BTC holders move from passive ownership to active financial use.
Bitcoin Staking could become the entry point for idle BTC Many Bitcoin projects have tried to make BTC productive, but each approach introduces different trade-offs.
Core already offers self-custodial Bitcoin staking using Bitcoin’s CheckLockTimeVerify timelocks, but rewards are paid in CORE. Babylon also keeps staked BTC native to Bitcoin, but its security model includes slashing, meaning delegated BTC can face penalties if protocol security conditions are violated.
Stacks is proposing a different combination. Under its Bitcoin Staking design, participants create a protocol bond by locking BTC on Bitcoin Layer 1 and pairing it with STX worth approximately 5% of the BTC position. The BTC remains under the participant’s keys, while the paired STX secures access to staking capacity. The current target yield is approximately 3% annualized and paid in Bitcoin.
The source of that yield is Proof of Transfer, or PoX, the consensus mechanism Stacks has operated since January 2021. Stacks miners commit BTC as they compete to produce blocks and receive STX rewards. The BTC committed by miners then flows to eligible participants. Stacks says the mechanism has distributed more than 4,200 BTC since launch.
That gives the planned product an economic structure different from staking systems funded entirely through new token issuance. The reward pool comes from BTC spent by miners as part of Stacks block production rather than from creating a new reward token or lending participants’ Bitcoin to borrowers.
The product is not yet established at scale. As of July 16, 2026, PoX-5 was operating on a private testnet with integration partners testing bonding, reward distribution and exits ahead of a public testnet and potential mainnet activation. Mainnet still depends on the Stacks governance process and successful testing.
That distinction matters. Bitcoin Staking could become the top of the Stacks capital funnel, but the thesis remains dependent on execution.
The roadmap moves from capital to infrastructure and finance Attracting BTC is only the first step. A Bitcoin-native financial system also needs enough performance, liquidity and application depth to give holders reasons to keep using their capital after earning an initial yield.
The Stacks roadmap organizes that process into three phases. Bitcoin Staking anchors capital. Infrastructure improvements prepare the network for greater DeFi and automated activity. The final phase expands Bitcoin-native finance across lending, trading and programmable capital. The workstreams are progressing concurrently rather than waiting for each previous phase to finish.
On performance, Stacks core developers are targeting a 100-fold improvement in throughput through efforts including Clarity Wasm. The roadmap also calls for continued core improvements and optimization of the sBTC bridge. Stacks has separately set a goal of supporting up to 10,000 active AI agents as programmable financial activity grows.
The longer-term financial layer includes self-custodial Bitcoin lending, trading, perpetual markets and programmable BTC that software agents can use. The roadmap also explores allowing sBTC to pay transaction fees, which could reduce the need for users or automated agents to acquire a separate gas asset before interacting with applications.
For institutions and large Bitcoin holders, that combination matters because yield alone may not justify moving substantial capital into a new financial environment.
StackingDAO, Bitflow, Zest and Hermetica build the next layer The wider Stacks ecosystem is already assembling several of the financial primitives needed to move BTC beyond a single staking product.
StackingDAO provides the liquid staking layer. It currently operates liquid Stacking products for STX and has outlined plans for a Bitcoin liquid staking token as Bitcoin Staking develops. A BTC liquid staking token, or BTC LST, would represent an underlying yield-producing Bitcoin position while remaining usable elsewhere in DeFi.
The role is comparable in structure to the function liquid staking tokens serve in Ethereum’s DeFi economy. Without a liquid representation, staked capital remains harder to use elsewhere. With one, the same economic position can potentially provide liquidity, serve as collateral or participate in additional financial strategies.
Bitflow supplies another necessary piece: markets where Bitcoin-linked assets can trade and find liquidity.
The protocol operates a decentralized exchange and aggregator on Stacks and has introduced HODLMM, a concentrated-liquidity engine designed for more capital-efficient markets. A future BTC LST would need liquid trading venues to maintain an effective market and provide holders with practical entry and exit routes.
Zest Protocol adds credit markets. Its existing Stacks market allows users to lend Bitcoin-linked assets and borrow against collateral, while its planned Bitcoin Collateral Vaults aim to let users borrow stablecoins against BTC without moving their Bitcoin off Layer 1. Zest says those vaults are scheduled to launch in 2026 and are designed around self-custodial Bitcoin collateral rather than a conventional wrapped-BTC structure.
Hermetica provides yield products and a Bitcoin-linked monetary layer through hBTC and USDh. The hBTC vault deploys BTC exposure into onchain strategies including lending, staking and basis strategies, with realized profits accounted for in Bitcoin terms. Hermetica describes the product as redeemable for native BTC, while its current documentation shows that withdrawals remain subject to protocol cooldowns and Bitcoin settlement times.
Its USDh product provides a Bitcoin-backed synthetic dollar that can serve as a stable asset within the same financial environment. Hermetica’s hBTC documentation describes a strategy that can use BTC-linked collateral in lending markets and deploy borrowed stablecoins into additional yield opportunities, connecting Bitcoin collateral, credit and stable liquidity within one system.
Together, these protocols illustrate what comes after Bitcoin Staking.
From Bitcoin yield to a Bitcoin-native financial economy Ethereum and Solana showed how staking can become more than a standalone yield product. Once users begin earning on an asset, demand can develop for liquid staking, collateral markets, decentralized exchanges and structured strategies that make the staked capital more useful.
Stacks is attempting to build a similar progression around Bitcoin without simply copying another chain’s security and custody model.
Its strategy starts with a product designed to keep BTC on Bitcoin L1 while generating BTC-denominated rewards. The roadmap then connects that capital to faster infrastructure and an ecosystem spanning liquid staking, trading, credit and yield products.
Bitcoin-native finance will not be defined by one staking product. It will be defined by whether Bitcoin can function as productive capital across staking, lending, liquidity and programmable applications without forcing holders to abandon the properties that made them choose Bitcoin in the first place.
Stacks is building toward that outcome. Bitcoin Staking is intended to open the door. The ecosystem developing behind it will determine how far the capital travels once it enters.
FAQ How is Stacks Bitcoin Staking different from other self-custodial options? Stacks’ proposed design combines three features: rewards denominated in BTC, no protocol-level slashing of Bitcoin principal and an early exit mechanism that returns BTC while forfeiting remaining rewards. Core also offers self-custodial staking but pays rewards in CORE, while Babylon’s security model includes BTC slashing. Stacks Bitcoin Staking remains in testing and has not yet established a mainnet operating record.
What is Bitcoin-native finance? Bitcoin-native finance is a financial ecosystem where Bitcoin serves as the productive asset across activities such as staking, lending, borrowing, trading and structured strategies, with infrastructure anchored to Bitcoin rather than requiring holders to move entirely into another blockchain economy.
How does Bitcoin Staking on Stacks work? The current design requires participants to lock BTC on Bitcoin L1 and pair it with STX worth approximately 5% of the BTC position. The two assets form a protocol bond. BTC committed by Stacks miners through Proof of Transfer funds Bitcoin-denominated rewards, with a current target of approximately 3% annualized yield during the planned bootstrap phase.
What is a Bitcoin liquid staking token? A Bitcoin liquid staking token represents an underlying staked or yield-producing BTC position while remaining transferable and potentially usable in DeFi. It can allow holders to maintain exposure to staking rewards while using the liquid token for trading, liquidity or collateral. StackingDAO has outlined plans to develop a BTC LST as Bitcoin Staking on Stacks develops.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Top earner on the Meme coin 4Stock profit leaderboard continues reducing positions to lock in profits, still holds $196,000 worth of the token.
According to GMGN data, the BSC ecosystem meme coin 4Stock has dropped below $30 million in market capitalization, halving in value following CZ's retweet of a related BNC post. The top profit-making trader spent a total of $7,614 to build their position and is currently continuously reducing holdings to lock in gains. They still hold $196,300 worth of tokens, having sold $237,000 worth of tokens and transferred out $39,800 worth of tokens, for total profits exceeding $450,000. Note: 4Stock originated from the "stock meme" narrative launched by Four.meme. It first rolled out underlying assets for 4Stock linked to stock holdings, then allowed the community to issue meme coins using these assets as a liquidity pool. BNC4 is the first 4Stock coin-stock pair, pegged 1:1 to BNC stock of the corresponding BNB treasury company, with the meme coin "4Stock" tied to the BNC4 pool.
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Strive adds 1,375 BTC to its holdings, lifting its total position to 24,531 BTC.
Strive CEO Matt Cole disclosed that the company added 1,375 Bitcoin (BTC) at an average price of $79,281 per coin, totaling approximately $109 million, bringing its total Bitcoin holdings to 24,531 coins.
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Strategy did not increase its Bitcoin holdings last week, and repurchased $176 million in STRC stock.
According to official sources, Strategy did not add to its Bitcoin holdings last week. The firm has repurchased $176 million worth of STRC, and raised the size of its digital credit securities repurchase program from $1 billion to $2 billion. As of September 7, 2026, Strategy holds 845,050 BTC and approximately $6.5 billion in U.S. dollar assets.
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Robinhood will launch prediction market contracts powered by Crypto.com.
According to The Wall Street Journal, Robinhood has reached an agreement with Crypto.com. Robinhood will add Crypto.com’s yes-or-no event contracts—part of Crypto.com’s prediction market business—to its trading platform. At the same time, Robinhood will acquire a minority stake in Crypto.com and its prediction market operations.
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Garrett Jin continues to reduce his ZEC short positions, still facing an unrealized loss of over $19 million.
According to monitoring by TradingBeats (formerly Hyperinsight), Garrett Jin, the agent of the "1011 Insider Whale", has just reduced his ZEC short positions. As of press time, he has closed and reduced approximately 7,000 ZEC in short positions, bringing his 3x leveraged ZEC holdings down to 32,759.57 ZEC. His average entry price for the position is $576.2998, with current unrealized losses standing at $19.04 million.
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Binance Alpha has listed PONS, CASHCAT, and Artificial Inu (AI).
According to its official website, Binance Alpha has listed PONS, CASHCAT, and Artificial Inu (AI).
What happens when internet culture, massive communities, and fresh crypto projects collide? The meme coin sector is once again packed with names competing for attention, from PEPE, BONK, ApeCoin, Pudgy Penguins, FLOKI, and Fartcoin to emerging projects such as Apeing. CoinGecko reported that meme coins remained the leading crypto narrative in 2025, capturing 25.02% of global investor interest across the main meme coin category and related trends. Now, with Apeing’s presale set to launch on September 8, the countdown is adding another next 100X meme coin to watch.
If you’re searching for the next 100x meme coin, popularity alone is not the only factor worth watching. Community strength, memorable branding, ecosystem development, utility, and timing can all shape which projects attract the next wave of attention. The seven names below offer different approaches to meme-driven crypto, while Apeing stands out for its active whitelist and upcoming September 8 presale, giving you an early-stage project to explore as the countdown reaches its final stretch.
1. Apeing: Just 24 Hours Before the 100x Meme Coin Presale Countdown Hits Zero Table of Contents
Apeing, the next 100X meme coin, is now down to the final day before its upcoming presale goes live, putting its whitelist in a critical final window. More than 18K members have already whitelisted, while Stage 1 is priced at $0.0001 and the stated listing price is $0.01. With Stage 1 carrying a limited allocation, the shrinking window is putting extra attention on Apeing as a new meme coin entering its next phase.
Early access remains tied to the whitelist, so the final 24 hours could be the key moment for anyone following the next 100x meme coin narrative. Community expectations have pointed toward over 10,000% ROI for Stage 1 participants, further amplifying interest around the project’s early pricing. To join the Apeing whitelist, visit the official website, enter your email in the whitelist section, and confirm your registration through the email sent to you before the window closes.
How to Claim Your Place as Apeing’s Whitelist Nears Its End To join, visit the official Apeing website and locate the whitelist section. Enter an email address, complete the requested confirmation process, and watch for the confirmation email containing the next instructions. The process is designed to be straightforward, giving you a simple route toward eligibility.
$200 In Before the Presale? The Numbers Get Serious Apeing’s whitelist is giving early participants a chance to position themselves before the next 100X meme coin presale opens, and with launch only one day away, the window is moving fast. Take $200 as an example: if the awaited 10,000% ROI for Stage 1 of the upcoming presale is achieved, the potential profit would be $20,000, resulting in $20,200 in total value. That makes the current whitelist period especially significant for anyone who does not want to wait until the presale has already begun.
2. PEPE – The Frog Meme That Became a Major Crypto Brand PEPE remains one of the most recognizable meme tokens in crypto. Built on Ethereum, its identity comes directly from Pepe the Frog, one of the internet’s most recognizable meme characters. Etherscan identifies PEPE as an ERC-20 token with a supply exceeding 420 trillion tokens, while its contract information remains publicly trackable on Ethereum.
PEPE belongs on this list because it demonstrates how a simple meme can develop into a major crypto asset with substantial market visibility. It also provides useful context for newer projects attempting to build recognizable communities rather than relying entirely on technical complexity.
3. BONK – Solana Community Power Meets Expanding Utility BONK has developed from a Solana community meme into a broader ecosystem with multiple applications. According to its official website, BONK has more than 1.1 million holders and more than 400 integrations, while its ecosystem touches decentralized finance, sports, art, culture, consumer applications, and community initiatives.
That breadth is what makes BONK particularly interesting. Instead of remaining purely centered on meme culture, the project has expanded into practical products and community-driven applications. BONK also operates a native decentralized exchange and supports a wider collection of ecosystem products.
4. ApeCoin – A Culture Token Connected to a Broader Web3 Ecosystem ApeCoin occupies a different position because its identity connects directly with digital collectibles, gaming, creators, builders, and the wider Ape ecosystem. The official ApeCoin website describes APE as a token supporting digital and real-world communities while also functioning as the native gas token of ApeChain.
Its connection with Otherside adds another dimension. ApeCoin is positioned as a transaction asset within that metaverse environment, giving it relevance beyond the traditional meme-token category. For developers and blockchain students, ApeCoin offers an interesting example of how a culture-focused token can connect with infrastructure and applications.
5. Pudgy Penguins – From NFT Characters to a Wider Consumer Brand Pudgy Penguins demonstrates how meme culture can develop into a recognizable consumer identity. The project has expanded beyond digital collectibles into physical merchandise, storytelling, retail distribution, and broader community experiences. Its official media updates noted retail expansion, including products reaching Target stores nationwide, alongside continued growth across collectibles and entertainment.
The PENGU ecosystem also connects Ethereum and Solana through its token infrastructure. Official claim documentation shows support for connecting both Ethereum and Solana wallets for PENGU-related activity.
6. FLOKI – Meme Culture With a Large Utility Ambition FLOKI has worked to build an ecosystem that reaches well beyond its original meme identity. The project’s official website highlights GameFi, DeFi, crypto education, NFTs, merchandise, and its Valhalla blockchain game. Valhalla incorporates on-chain gaming interactions, upgradeable NFTs, and a play-to-earn economy.
This makes FLOKI a useful example for blockchain developers and crypto enthusiasts because the project is attempting to connect community culture with several different product categories. Its ecosystem approach gives the token multiple narratives rather than relying on one meme alone.
7. Fartcoin – Meme Culture Into a Crypto Conversation Fartcoin continues to attract attention by leaning fully into the irreverent side of meme coin culture, where humor, community engagement, and social attention can quickly shape a token’s visibility. Its deliberately playful identity gives it a distinctive place among meme-driven cryptocurrencies, helping FARTCOIN maintain interest among traders looking for projects built around internet culture rather than traditional crypto narratives.
What makes Fartcoin particularly notable is how strongly its identity is tied to community participation and online momentum. As meme coins continue competing for attention across the market, FARTCOIN’s recognizable branding gives it another angle to remain part of the conversation.
Which Project Could Lead the Next Meme Coin Wave? PEPE, BONK, ApeCoin, Pudgy Penguins, FLOKI, and Fartcoin each demonstrate a different route through the meme coin sector. Some have built enormous communities, some have developed broader utility, and others have turned simple internet culture into recognizable brands. Together, they show why meme coins remain one of the most closely watched parts of crypto.
Apeing brings a different proposition to the discussion because its whitelist is still open while the upcoming presale approaches in 1 day. Its planned $0.0001 Stage 1 price, limited Stage 1 token allocation, community-first identity, and whitelist-based access create a clear early-stage narrative. For anyone tracking the next 100x meme coin, the Apeing whitelist offers a chance to get closer to the project before Stage 1 access begins. The next 100x meme coin may ultimately be decided by adoption, community strength, and execution, but the countdown makes this an especially interesting moment to explore Apeing – the new meme coin.
For More Information: Website: Visit the Official Apeing Website
Telegram: Join the Apeing Telegram Channel
Twitter: Follow Apeing ON X (Formerly Twitter)
FAQs About the Next 100x Meme Coin What is an Apeing whitelist? The Apeing whitelist is the early-access registration route for users seeking eligibility for Stage 1 of the upcoming presale. The process involves visiting the official website, entering an email, and confirming the registration.
What is the planned Stage 1 price for Apeing presale? The planned Stage 1 price is $0.0001 per token. The project has also stated a planned listing price of $0.01, while Stage 1 has a limited token allocation.
What is a next 100x meme coin? A next 100x meme coin is a meme-based cryptocurrency that increases 100 times from its starting value. These projects often begin with small market valuations and rely heavily on community interest and viral attention.
How do you find potential 100x meme coins? Track social media trends, monitor newly launched tokens and launchpads, and examine on-chain data to understand holder distribution and wallet activity.
What makes a meme coin successful? Strong community support, memorable branding, consistent social engagement, active development, and growing adoption can all help a meme coin gain traction.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Cronos has confirmed that $9.19 million remains unrecovered after an attacker borrowed $120.4 million from Tectonic, while a validator-backed rollback reversed roughly $111.2 million in affected value.
Summary
Cronos says $9.19 million remains unrecovered after an attacker borrowed $120.4 million from Tectonic using manipulated TONIC collateral. Validators rolled back 10,961 blocks covering nearly two hours of transactions, restoring roughly $111.2 million in affected value. The attacker moved 7.6% of the affected funds off Cronos before the network was halted, putting them beyond the rollback. Cronos resumed block production around 11 hours after the attack and continues reconciliation work with exchanges, bridges and other platforms. According to a post-mortem published by Cronos on Monday, the attacker manipulated the price of TONIC, the governance token of lending protocol Tectonic, and used the inflated asset as collateral to borrow funds across nine markets on Aug. 30.
The attack led Cronos validators to halt the Layer 1 blockchain at block 90,907,150 before agreeing to restore the network to block 90,896,188, the final block produced before the exploit began.
The rollback returned affected balances to their pre-attack state and reversed approximately $111.2 million of the $120.4 million involved in the incident. However, funds that had already moved away from Cronos were outside the reach of the restoration.
“The $9.19 million that left Cronos before the halt has not been recovered and is beyond the restoration’s reach,” the team said.
Cronos rollback restored $111.2 million after Tectonic exploit The rollback discarded 10,961 blocks, representing 1 hour and 54 minutes of Cronos transaction history, according to the post-mortem. Transactions completed during that window were reversed regardless of whether they had any connection to the Tectonic attack.
Cronos said validators had to weigh transaction finality against the amount of money still exposed when deciding how to restart the network.
“It was a hard decision, taken together with the validators, weighing the finality users expect from a chain against the funds at risk,” Cronos said. “The alternative, restarting without restoring state, would have left the borrowed assets in the attacker’s control.”
The final accounting substantially raises the value involved compared with early estimates published immediately after the incident. On Aug. 31, crypto.news reported the Cronos halt after onchain researcher Weilin Li initially estimated that approximately $75 million had been affected.
Li’s early analysis found that most of the identified funds remained on Cronos when validators stopped block production, while roughly $6 million was believed to have reached Ethereum. At the time, neither Tectonic nor Cronos had released a final accounting of the assets involved.
Blockchain data provider Bitquery subsequently calculated that $120.4 million had been removed from Tectonic’s lending markets, a figure that is consistent with the amount detailed in Cronos’ post-mortem.
TONIC price manipulation allowed $120.4 million in borrowing Cronos said the attack began after contracts were deployed to manipulate the market price of TONIC, a thinly traded token that Tectonic accepted as collateral.
Once the token’s price had been driven higher, the attacker supplied the inflated collateral to the lending protocol. Roughly 10 minutes later, $120.4 million had been borrowed across nine Tectonic markets.
Early onchain analysis had found that TONIC’s reported price increased approximately 100-fold within around 20 minutes. The token carried a 20% collateral factor on Tectonic, allowing borrowers to take loans against part of the value assigned to their deposited TONIC.
RedStone co-founder Marcin Kazmierczak later told crypto.news that the incident was not an oracle failure. He said the oracle accurately reported the TONIC price in the market it monitored, while Tectonic accepted that price without adequately accounting for whether enough liquidity existed to sell the collateral at the reported valuation.
Kazmierczak identified borrow caps tied to executable liquidity as one safeguard that could have restricted the amount available to borrow even if TONIC’s reported market price increased sharply. Dynamic collateral factors, minimum market-depth requirements and price-impact limits could have provided other controls, he said.
Tectonic had roughly $121.7 million in total value locked and approximately $82.7 million in active loans before the exploit, according to figures cited during the initial investigation.
Validators halted Cronos within an hour of the attack The post-mortem provided a more detailed timeline of the network’s response.
After the attacker began manipulating TONIC and borrowing against the inflated collateral, Cronos identified the malicious activity roughly 36 minutes later. Validators subsequently halted the blockchain, preventing further transactions while the incident was investigated.
The network was eventually restored to its pre-exploit state before block production resumed around 11 hours after the attack began.
When Cronos restarted block production on Aug. 30, the chain resumed from block 90,896,189 after validators coordinated the emergency restoration. Node operators were instructed to restart using Cronos v1.7.8 and updated mainnet snapshots.
Crypto.com CEO Kris Marszalek said during the incident that the company’s centralized app and exchange continued operating and were not compromised. Crypto.com and Cronos are closely associated, while Tectonic operates as a decentralized lending protocol on the blockchain.
The rollback meant infrastructure providers connected to Cronos had to reconcile their systems with the restored chain state. RPC providers, explorers, indexers, subgraphs and bridges needed to synchronize with the version of the blockchain that replaced the discarded blocks.
A subsequent crypto.news analysis examined how validators rolled back the chain and erased more than 10,000 blocks to restore its state. The action removed transactions belonging to regular users during the same period alongside those connected to the attacker.
$9.19 million remains outside Cronos restoration Cronos’ post-mortem now puts the amount that escaped the restoration at approximately $9.19 million, equal to 7.6% of the $120.4 million affected.
Funds that remained within the network could effectively be returned to their earlier state through the rollback. Assets already transferred away from Cronos could not be reversed through changes to the chain’s own transaction history.
The Tectonic incident accounted for more than half of the estimated cryptocurrency losses recorded during August. Blockchain security firm PeckShield counted 50 major crypto hacks during August, with estimated losses totaling $136.3 million. Its earlier calculation placed the Tectonic incident at approximately $74 million because the final accounting had not yet been released.
Cronos said reconciliation work with exchanges, bridges and other affected platforms remains underway following the restoration. Users do not need to take any action at this stage, while the block explorer, public RPC endpoints, indexers and subgraphs have returned to operation.
The post-mortem did not identify the attacker or detail how the network and Tectonic plan to address the $9.19 million that remains unrecovered.
CRO, the native token of the Cronos ecosystem, was trading around $0.058, up 0.62% over the past 24 hours.
Cronos confirms $9.2M slipped away before Tectonic exploit rollbackCronos’s post-mortem put the Tectonic exploit’s affected borrowing at $120.4 million, with 7.6% transferred off-network before validators intervened.
Layer-1 blockchain Cronos said $9.19 million left its blockchain before validators halted the network during the Tectonic exploit, providing an official accounting of funds that were not reversed by its rollback.
In Tuesday’s post-mortem report, Cronos said manipulated collateral values generated about $120.4 million in borrowing activity. Restoring the network to its pre-exploit state reversed about $111.2 million, leaving 7.6% of the affected funds outside of the network.
The disclosure confirms the scale of the incident after earlier estimates placed the amount affected at about $75 million. It also puts the amount transferred off Cronos at $9.19 million, above the $8.3 million previously traced to Ethereum by blockchain data provider Bitquery.
Cointelegraph previously reported that one transaction emptied nine Tectonic lending markets through 11 transfers involving stablecoins, Bitcoin, Ether and other assets.
Bitquery said the attacker deposited $5 million, then repeatedly borrowed and redeposited TONIC through a 98-cycle loop while purchasing the thinly traded token. The activity drove TONIC’s price nearly 300-fold higher as Tectonic’s price feed followed.
Cronos said Tectonic detected the activity at 12:49 UTC on Aug. 30, and validators halted the network at 14:32:47 UTC. Block production resumed at 23:49:01 UTC after balances were restored.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Cronos confirms $9.2M slipped away before Tectonic exploit rollbackCronos’s post-mortem put the Tectonic exploit’s affected borrowing at $120.4 million, with 7.6% transferred off-network before validators intervened.
Layer-1 blockchain Cronos said $9.19 million left its blockchain before validators halted the network during the Tectonic exploit, providing an official accounting of funds that were not reversed by its rollback.
In Tuesday’s post-mortem report, Cronos said manipulated collateral values generated about $120.4 million in borrowing activity. Restoring the network to its pre-exploit state reversed about $111.2 million, leaving 7.6% of the affected funds outside of the network.
The disclosure confirms the scale of the incident after earlier estimates placed the amount affected at about $75 million. It also puts the amount transferred off Cronos at $9.19 million, above the $8.3 million previously traced to Ethereum by blockchain data provider Bitquery.
Cointelegraph previously reported that one transaction emptied nine Tectonic lending markets through 11 transfers involving stablecoins, Bitcoin, Ether and other assets.
Bitquery said the attacker deposited $5 million, then repeatedly borrowed and redeposited TONIC through a 98-cycle loop while purchasing the thinly traded token. The activity drove TONIC’s price nearly 300-fold higher as Tectonic’s price feed followed.
Cronos said Tectonic detected the activity at 12:49 UTC on Aug. 30, and validators halted the network at 14:32:47 UTC. Block production resumed at 23:49:01 UTC after balances were restored.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
TLDR: An attacker manipulated TONIC’s price to borrow $120.4 million across nine Tectonic markets. Validators halted the Cronos network at block 90,907,150 after spotting irregular activity. Cronos restored chain state to block 90,896,188, reversing $111.2 million in affected funds. About $9.19 million left Cronos before the halt and remains outside the restoration’s reach. Cronos confirmed that an attacker manipulated collateral values on the Tectonic lending protocol on August 30, borrowing roughly $120.4 million through nine markets.
Validators halted the network within hours to protect user funds. Chain state was later restored to block 90,896,188, reversing about $111.2 million while $9.19 million had already left the ecosystem before the halt.
How the Tectonic Exploit Unfolded The attacker began deploying contracts at 12:38 UTC, pushing the price of TONIC upward against thin liquidity on decentralized exchanges.
This price manipulation inflated the value of collateral held within Tectonic’s lending markets. At 12:49 UTC, a single transaction used that inflated collateral to borrow approximately $120.4 million across nine separate markets.
The Cronos team identified irregular on-chain activity around 13:25 UTC, as liquidity began exiting the ecosystem through various channels.
Validators moved to halt network operations at 14:32:47 UTC, at block 90,907,150, aiming to limit further outflows while the situation was assessed.
By the time the halt took effect, most of the borrowed funds remained traceable within the network. Cronos reported that around 92 percent of the affected value had not yet left the chain when block production stopped. Only $9.19 million, about 7.6 percent of the total, had already been transferred out before validators acted.
Cronos Network posted an update confirming the sequence of events on its official account, noting the halt was taken to safeguard remaining balances.
Cronos said validators halted the network at 14:32 UTC to protect remaining user funds, and the chain was restored to block 90,896,188 after validator consensus later that day.
Restoration Process and Next Steps for Cronos Restoring the chain required discarding 10,961 blocks, representing one hour and 54 minutes of settled transaction history.
Every transaction within that window was reversed, regardless of whether it was connected to the exploit itself. Open positions on live applications were repriced once trading resumed under the restored state.
Executing the rollback demanded coordinated consensus across the validator set, with every participant running a patched build from an identical starting point.
The team described working through the night across several rounds of coordination before block production could safely resume. Blocks resumed at 23:49:01 UTC, returning balances to their pre-exploit condition.
Cronos said blocks and transactions from the discarded fork no longer resolve on public explorers, though archive node snapshots remain available for independent verification. The chain explorer, indexers, subgraphs, and public RPC endpoints have since returned to full operation.
Looking forward, Cronos stated no action is required from users, since balances were already returned to their prior state. The team is now working with exchanges, bridges, and other platforms to complete reconciliation.
Cronos also warned users to rely only on official channels and to treat unsolicited recovery messages as scams, while it reviews collateral risk practices and monitoring across the ecosystem.
The Sandbox has officially opened compensation claims for its vulnerability incident, with the application window remaining open until 00:00 on the 23rd.
According to an official announcement, The Sandbox has officially opened SAND compensation claims. Users affected by the SAND cross-chain contract vulnerability incident on Base and BNB Smart Chain (BSC) on August 22 will receive full SAND compensation on the Ethereum network at a 1:1 ratio, provided they held bridged SAND on the affected networks before the incident. Eligibility is based on on-chain balance snapshots taken prior to the event and is independent of any transactions, transfers, or holdings users made after the incident. The Sandbox stated that compensation eligibility is determined by on-chain balances recorded before the contract exploit. The Base network snapshot corresponds to Block 50283188 at 23:42:03 UTC on August 21, 2026, while the BSC snapshot is Block 117322025 at 11:42:44 UTC on the same date. Users holding SAND on Base or BSC via centralized exchanges do not need to take any action, as The Sandbox is coordinating with relevant platforms to process compensation. Those holding SAND in personal wallets must submit claims on their own. The claim period runs from September 8 to 24:00 UTC+8 on September 22. To file a claim, users only need to initiate a single transaction from the original wallet that held SAND at the snapshot time—no token authorization, off-chain message signing, or transfers to any addresses are required.
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Binance Alpha has listed PONS, CASHCAT, and Artificial Inu (AI).
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The UK issued government bonds at the highest yield since at least 1998.
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Bloomberg: SpaceX Poised to Benefit from Potential Nasdaq 100 Index Weight Increase
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A cross-market whale with $20 million in holdings has reached a consensus, yet still expects CLARITY has low odds of becoming legal tender this year.
According to TradingBeats' monitoring, the implied probability that the CLARITY Act will be signed into law this year has dropped to 15.5%. Among whales active across markets in this prediction market segment, only two traders who have long been active on both Polymarket and Hyperliquid still hold their previously established "Yes" positions, and have not exited as odds have fallen. TwoEyes and Geminae.Columbae currently hold a combined ~254,600 "Yes" contracts, with a position value of roughly $39,500, and a combined unrealized loss of ~$11,800. The average entry cost for both corresponds to a roughly 20% probability of the Act being signed into law, meaning the market price is now significantly lower than their entry level. Of the two, TwoEyes holds ~195,500 "Yes" contracts, with an average entry cost corresponding to a 20.2% probability, and an unrealized loss of ~$9,197; Geminae.Columbae holds ~59,200 contracts, with an entry cost probability of 19.94%, and an unrealized loss of ~$2,628. The two still hold large exposure to crypto assets on the other side. Data from Hyperliquid shows their combined nominal size of current crypto long positions is ~$19.92 million. TwoEyes holds a ~$1.606 million BTC long position, plus a ~$348,000 crude oil short position. Geminae.Columbae, meanwhile, holds long positions in BTC, ZEC, LINK, and HYPE, totaling ~$18.317 million.
The Sandbox has officially opened compensation claims for its vulnerability incident, with the application window remaining open until 00:00 on the 23rd.
According to an official announcement, The Sandbox has officially opened SAND compensation claims. Users affected by the SAND cross-chain contract vulnerability incident on Base and BNB Smart Chain (BSC) on August 22 will receive full SAND compensation on the Ethereum network at a 1:1 ratio, provided they held bridged SAND on the affected networks before the incident. Eligibility is based on on-chain balance snapshots taken prior to the event and is independent of any transactions, transfers, or holdings users made after the incident. The Sandbox stated that compensation eligibility is determined by on-chain balances recorded before the contract exploit. The Base network snapshot corresponds to Block 50283188 at 23:42:03 UTC on August 21, 2026, while the BSC snapshot is Block 117322025 at 11:42:44 UTC on the same date. Users holding SAND on Base or BSC via centralized exchanges do not need to take any action, as The Sandbox is coordinating with relevant platforms to process compensation. Those holding SAND in personal wallets must submit claims on their own. The claim period runs from September 8 to 24:00 UTC+8 on September 22. To file a claim, users only need to initiate a single transaction from the original wallet that held SAND at the snapshot time—no token authorization, off-chain message signing, or transfers to any addresses are required.
15 minutes ago
Binance Alpha has listed PONS, CASHCAT, and Artificial Inu (AI).
According to its official website, Binance Alpha has listed PONS, CASHCAT, and Artificial Inu (AI).
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The UK issued government bonds at the highest yield since at least 1998.
According to Bloomberg, the UK has reopened ￡4.25 billion in gilts maturing in 2056, with an issuance yield of 5.8168%—the highest yield paid on a UK government bond since at least the establishment of the UK Debt Management Office in 1998. A source familiar with the matter said the pricing of this transaction was 0.75 basis points higher than the yield on UK gilts maturing in December 2055 with a 4.25% coupon. The offering ultimately drew ￡85 billion in subscriptions, resulting in a 20x oversubscription ratio, and the gilt carries a 5.375% coupon. The joint lead managers for the deal are BofA Securities, Goldman Sachs International, JPMorgan, Santander, and UBS Investment Bank.
15 minutes ago
Bloomberg: SpaceX Poised to Benefit from Potential Nasdaq 100 Index Weight Increase
According to Bloomberg, SpaceX’s share price has been trading in a narrow range recently, but a new wave of buying may be coming soon as the Nasdaq 100 index will undergo its quarterly rebalance later this month. The key factors include a little-known rule in the construction of this tech-heavy benchmark and the staged lock-up period arrangements for shareholders of Elon Musk’s satellite and space exploration company. These elements have limited the number of SpaceX shares available for trading in the current market.
15 minutes ago
MARSCOIN's market capitalization has halved from its peak, briefly falling below $130 million.
According to HTX market data, MARSCOIN, a meme coin in the BNB Chain ecosystem, has halved its market capitalization from its peak, briefly dropping below $130 million, with a 24-hour decline of 22.34%.
15 minutes ago
A cross-market whale with $20 million in holdings has reached a consensus, yet still expects CLARITY has low odds of becoming legal tender this year.
According to TradingBeats' monitoring, the implied probability that the CLARITY Act will be signed into law this year has dropped to 15.5%. Among whales active across markets in this prediction market segment, only two traders who have long been active on both Polymarket and Hyperliquid still hold their previously established "Yes" positions, and have not exited as odds have fallen. TwoEyes and Geminae.Columbae currently hold a combined ~254,600 "Yes" contracts, with a position value of roughly $39,500, and a combined unrealized loss of ~$11,800. The average entry cost for both corresponds to a roughly 20% probability of the Act being signed into law, meaning the market price is now significantly lower than their entry level. Of the two, TwoEyes holds ~195,500 "Yes" contracts, with an average entry cost corresponding to a 20.2% probability, and an unrealized loss of ~$9,197; Geminae.Columbae holds ~59,200 contracts, with an entry cost probability of 19.94%, and an unrealized loss of ~$2,628. The two still hold large exposure to crypto assets on the other side. Data from Hyperliquid shows their combined nominal size of current crypto long positions is ~$19.92 million. TwoEyes holds a ~$1.606 million BTC long position, plus a ~$348,000 crude oil short position. Geminae.Columbae, meanwhile, holds long positions in BTC, ZEC, LINK, and HYPE, totaling ~$18.317 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Everyone is waiting for the Hyperliquid Season 3 airdrop, Machi Big Brother posted on Monday. His fix is a Solana meme coin called Season 3 (S3), and he says it pays HYPE to holders.
Jeffrey Huang is the Taiwanese-American entrepreneur behind the account. His pick spiked early Tuesday, then gave back about three-quarters of the move within hours.
Machi Big Brother Says He Is Not the DevHuang framed the coin as a way to skip the wait. He also borrowed a phrase, “let’s dance,” from trader Ansem, who had used it days earlier for a different coin. Then he stepped back from the project itself.
Season 3 coin $S3 is paying $HYPE sividends or hividends?
— Machi Big Brother (@machibigbrother) September 7, 2026
That disclaimer matters given his record. In March, he absorbed roughly $75 million in liquidations on Hyperliquid. Days ago, he pulled his $1M Friend.tech offer.
The Hyperliquid Season 3 Airdrop Nobody AnnouncedHyperliquid ran two-point phases, both before its Genesis Event. Farmers label them Season 1 and Season 2. The protocol never used the word season.
Nobody learned the exact rules either. Hyperliquid said only that its criteria changed on a recurring basis, and it never confirmed that points set the payouts.
That event released 310 million HYPE, or 31% of supply. No campaign and no payout have followed it.
Hope rests on the treasury. Another 388.88 million HYPE stays unminted for future emissions and community rewards.
HYPE itself trades around $84 after approaching record highs last weekend. Season 3 buyers are pricing a distribution that has no schedule.
Hyperliquid Price Performance. Source: BeInCrypto MarketsThe payout pitch does have a mechanism. Raydium lets token creators claim a cut of trading fees once liquidity reaches its main pools. Fees on the HYPE-quoted launchpad pool, therefore, arrive in HYPE.
S3 copies a template that is already running. Anonymous Cat, a Solana coin quoted in Zcash, opened on August 30 and now carries a $95 million market cap. Zcash, meanwhile, crossed $1,000 last week. Ansem promoted that one.
Neither coin runs on the chain it borrows from. S3 sits on Solana, not HyperEVM.
Liquidity stays thin. The HYPE pool carries about three-quarters of all S3 trading, near $3.6 million over 24 hours. It holds just $175,000 of depth. Total liquidity across every pool sits near $500,000.
Pools disagree on the price by more than 60%. Buyers are paying up for a claim that no named developer has confirmed.
Small business owners just got a little less optimistic. The NFIB Small Business Optimism Index dropped to 98.7 in August, missing the consensus forecast of 99.3 and sliding from July’s reading of 99.8.
That July number had been the highest since August 2025, fueled largely by improved hiring plans. One month later, the enthusiasm has cooled.
What the numbers actually tell us The NFIB index has been tracking sentiment among US small business owners since 1975. It aggregates ten components covering everything from hiring expectations and capital spending plans to sales forecasts and general economic outlook.
The long-term average sits around 98.0. So at 98.7, the August reading is still technically above that historical baseline. But the direction matters more than the absolute level here.
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The miss relative to expectations is arguably more important than the raw number. Economists had anticipated a modest dip to 99.3, essentially projecting that July’s optimism would mostly hold. Instead, the decline was roughly twice as steep as predicted.
Why small business sentiment matters for the broader economy The NFIB index is particularly sensitive to a constellation of external pressures: labor market tightness, inflation, tax policy, and the broader regulatory environment.
NFIB Chief Economist Bill Dunkelberg has historically used the monthly release to contextualize what small business owners are experiencing on the ground. The ten-component structure of the index means that a headline decline can mask divergent trends underneath, where some areas like hiring intentions might hold steady while expectations for sales or economic conditions deteriorate.
For context, the index spent extended periods below its 98.0 historical average during past episodes of economic uncertainty. Readings consistently above that mark generally coincide with expansion phases, while sustained dips below it tend to precede or accompany slowdowns.
What drove the pullback July’s jump to 99.8 was largely attributed to better hiring plans among small business owners. That specific catalyst appears to have faded in August, though the NFIB report captures a broad snapshot rather than isolating a single factor.
The fact that the index reversed course so quickly after hitting a 12-month high suggests the underlying confidence was fragile. One strong month driven by hiring optimism wasn’t enough to establish a durable trend.
Market implications and what to watch The September NFIB reading will be the one to watch. If the index stabilizes or rebounds, August becomes a blip. If it continues sliding toward that 98.0 threshold, it starts looking like a trend.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Highlights INJ currently trades between $5.09 and $5.63, posting a 4.22% gain over 24 hours September’s Community Buyback program successfully burned 25,200 INJ tokens On-chain staking reached a record peak of 58.8 million INJ tokens Market volume jumped 44.18% to reach $138.55 million; open interest climbed 4.88% to $97.84 million Technical observers monitor the $5.30 level as crucial support, projecting possible movement to $80–$90 in favorable conditions The Injective (INJ) token has experienced notable gains in both price performance and market engagement throughout the past several days. With a 4.22% increase over the last day, INJ maintains its position above critical short-term technical indicators, while multiple on-chain metrics and derivatives data paint an increasingly positive picture.
Injective (INJ) Price At present, INJ changes hands near $5.09, bringing its market capitalization to roughly $509.92 million. Daily trading activity registers at $56.91 million.
Technical analysis reveals that INJ fell from approximately $7.00 in June to a bottom around $3.95 during mid-August. Following this decline, the token staged a recovery approaching $6.00 before experiencing a modest retracement. Currently, INJ maintains a position marginally above its 20-day moving average of $5.03.
Bollinger Band analysis identifies resistance at the $5.77 level with support established at $4.29. The MACD histogram registers a slightly negative reading of -0.02674, indicating that near-term upward momentum has stalled without confirming a complete reversal.
Trading Activity and Derivatives Interest Expand According to Coinglass metrics, INJ experienced a substantial 44.18% increase in trading volume, reaching $138.55 million. Simultaneously, open interest expanded by 4.88% to $97.84 million, signaling heightened trader engagement and additional capital flowing into futures markets.
When open interest grows in tandem with price appreciation, market observers typically interpret this as evidence of genuine momentum rather than speculative froth.
Staking Activity Reaches Historic Peak at 58.8 Million INJ INJ staking activity has climbed to unprecedented levels, with over 58.8 million tokens currently secured on-chain, according to a September 7 report from Cointelegraph. By locking tokens in staking contracts, the circulating supply contracts, potentially creating favorable supply-demand conditions.
Injective has just reached a new ATH in total $INJ staked 🔥
Over 58.8 Million INJ tokens are now staked onchain. This makes Injective one of the leading L1 chains by total staked supply. pic.twitter.com/qNfEN3RAq4
— Injective 🥷 (@injective) September 7, 2026
Medium-term projections carry a 61% confidence assessment for continued upward movement. Should INJ maintain the $5.30 support threshold, market watchers forecast a potential advance toward $6.80. The longer-term perspective, assigned a 64% confidence rating, identifies $8.00 as achievable provided the $4.30 floor remains intact.
The Injective protocol has also finalized its September Community Buyback initiative, eliminating 25,200 INJ tokens from circulation. This action forms part of the platform’s systematic approach to supply reduction through its tokenomics framework.
🔥 JUST IN: 25,200 $INJ has been permanently removed from circulation with the conclusion of the September Community BuyBack.
Thanks to all the ninjas that participated. Head over to the Injective Hub to claim your rewards! pic.twitter.com/uBE1jRwbvy
— Injective 🥷 (@injective) September 2, 2026
A crypto market analyst operating under the handle “chief of overthinking” shared observations on X suggesting that INJ is currently challenging a major long-term support area that historically preceded rallies to $25 and subsequently $45. The analyst indicated that a successful breakout from this zone could establish a trajectory toward the $80–$90 price band, emphasizing this scenario requires sustained defense of present support levels.
Market commentator The Moon Show remarked on X that INJ’s higher-timeframe chart structure provides it with “room to do something most people are not positioned for,” though declined to explicitly predict a direct ascent to $100.
I’m not saying $INJ goes straight to $100.
I’m saying the higher-timeframe structure gives it room to do something most people are not positioned for.
Big difference. pic.twitter.com/7ux2tAxgPV
— The Moon Show (@TheMoonShow) September 7, 2026
The achievement of record staking levels at 58.8 million INJ tokens represents the most current significant on-chain development, confirmed as of September 7, 2026.
Injective Protocol (@injective) has confirmed that the total amount of staked $INJ has reached a new all-time high, with more than 58.8 million tokens now secured on-chain.
A Steady Climb in Staking Participation The milestone marks a substantial rise from the roughly 42 million INJ that were staked in early 2023. For context, data from late 2023 already showed the staked figure had climbed to around 44 million tokens, meaning the network has added well over 14 million staked INJ in the period since. The growth has been consistent even through periods of broader market volatility, pointing to sustained confidence among long-term holders rather than a short-term speculative spike.
Injective says the figure places it among the leading layer-1 networks by total staked supply. The claim carries weight: staking locks tokens out of active circulation, which can improve supply-demand dynamics over time and strengthen the economic security of the network.
Tokenomics Supporting the Trend The staking record arrives alongside additional supply-side activity. The Injective network recently completed its September Community Buyback, permanently removing 25,200 $INJ tokens from circulation. The buyback-and-burn programme is a recurring feature of Injective's tokenomics model, under which exchange fees collected across Injective-based applications are used to buy back and burn INJ through weekly on-chain auctions.
Injective is built on the Cosmos SDK and uses a Tendermint-based proof-of-stake consensus mechanism. Beyond network security, staked INJ also grants holders voting rights on governance proposals, including protocol upgrades and fee structures, making staking participation directly tied to how the network evolves.
The combination of a growing staked supply and ongoing token burns represents a tightening of the circulating float from both sides, a dynamic that the project has leaned into through successive tokenomics upgrades, including INJ 3.0 and the IIP-617 supply squeeze passed in January 2026.
Sources:
CoinCentral: Injective Staking at All-Time High and Token Burn Complete
Staking Rewards: Injective (INJ) Staking Data and APY
Aptos has rolled out Confidential APT on its mainnet, giving users the ability to encrypt their token balances and transfer amounts without hiding who’s transacting. It’s a deliberate design choice: privacy where it matters for business, transparency where regulators demand it.
The feature, now integrated into the Petra Wallet, operates as a 1:1 wrapped version of APT. Users opt in to shield their balances from public view while their wallet addresses remain fully visible on-chain.
How it works under the hood Confidential APT leans on two cryptographic heavyweights: zero-knowledge proofs and homomorphic encryption. Zero-knowledge proofs let one party prove a statement is true without revealing the underlying data. Homomorphic encryption goes a step further, allowing computations on encrypted data without ever decrypting it.
Together, these techniques mean the Aptos network can verify that a transfer is valid, that the sender has sufficient funds, and that no tokens are being conjured from thin air. All without anyone on-chain seeing the actual numbers involved.
At launch, only the native APT token is eligible for confidential transactions. The underlying standard, however, was built to extend to other tokens pending future governance votes.
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The compliance play Aptos is explicitly pitching Confidential APT at compliance-heavy use cases: payroll processing, corporate treasury management, and business-to-business settlements.
Consider the payroll scenario. A company paying employees on-chain currently broadcasts every salary to anyone with a block explorer. Confidential APT lets the payment go through with cryptographic proof of validity while keeping the dollar amount between employer and employee.
The same logic applies to B2B settlements, where companies have obvious reasons to keep transaction sizes private from competitors monitoring on-chain activity. Treasury operations face similar exposure risks when large movements signal strategy to the market before leadership is ready to disclose.
For users who don’t want or need privacy, nothing changes. The feature is entirely opt-in, meaning the default transparent experience remains untouched.
Governance approval and early traction Confidential APT didn’t appear overnight. The feature was activated following Proposal #188, which went through governance voting around April 24-25, 2026. The proposal received near-unanimous support from the community.
The official wallet integration announcements came on August 4, 2026, when the Petra Wallet confirmed support for confidential transactions. By mid-August 2026, roughly 15,000 APT had already moved into confidential pools.
Aptos itself has been building momentum on the infrastructure side. The mainnet originally launched in October 2022, and by April 2026, daily transaction volumes had surpassed 8 million.
Extending the privacy standard to other tokens, stablecoins being the obvious next candidate, would require a separate governance proposal and community vote.
What this means for the broader market Privacy in crypto has always been politically charged. Tornado Cash sanctions, Monero delistings, and ongoing regulatory scrutiny of mixing services have made the topic radioactive for many projects. Aptos is betting it can thread the needle by offering selective privacy that satisfies business needs without triggering the alarm bells that fully private transactions set off.
The fact that addresses remain visible provides a strong defense, since law enforcement can still trace the flow of funds between wallets even if individual amounts are encrypted.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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Bonk Guy’s Current Portfolio Overview: Large Positions in PONS, USELESS, and MEME; Short-Term Pullbacks Fail to Mask Long-Term Growth
Well-known trader Bonk Guy’s publicly disclosed portfolio on the Fomo platform is worth $19.69 million, with a 24-hour drawdown of $2.62 million and a $7.17 million gain over the past seven days. “I am very confident my portfolio will hit new highs and reach $50 million,” he said. Below is a breakdown of Bonk Guy’s current portfolio (only including tokens with holdings valued over $200,000): - PONS: $7.6792 million, 11241.27% return - USELESS: $3.7897 million, 336.69% return - MarsCoin: $3.5803 million, 265.56% return - MEME: $1.0581 million, 119.58% return - Basecat: $869,900, 76.11% return - A token valued at $322,500, 108.24% return - microduck: $231,400, 650.42% return - PAIR: $223,900, 581.86% return
Samsung Electronics has inaugurated an advanced semiconductor packaging R&D facility in Yokohama, Japan. The company previously announced plans to invest approximately 40 billion yen over the five-year period starting in 2024 to expand the lab’s research hardware and boost its advanced packaging technology capabilities. The advanced packaging lab will collaborate with local Japanese firms, universities, and research institutions to develop next-generation packaging materials and processes. Samsung aims to grow the facility’s research team to more than 100 personnel by 2027.
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Bonk Guy: I’m completely unfazed by pullbacks, and my portfolio will eventually exceed $50 million.
Renowned trader Bonk Guy posted that his portfolio on Fomo has pulled back roughly $9 million from its peak in less than a week. Last week, the portfolio hit a high of over $28.5 million, and today it dropped to a low of $19 million — a side of trading no one likes to discuss. Everyone loves showing off winning trades; I went from almost nothing to over $28 million in just a few months. But no one wants to share what happens when your portfolio loses $9 million in a matter of days. However, to build generational wealth through trading, you have to weather this kind of volatility. To move upward, you have to survive the drawdowns. I’m completely unfazed by this pullback. I’m very confident my portfolio will hit new highs, then reach $50 million, and keep climbing. The wins are real, the drawdowns are real, the volatility is real — and I’m still in the game.
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Trading volume of BNC4 exceeds the market capitalization of its underlying stock BNC.
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PONS's top short seller Loracle continues to add short positions; the current value of its short positions stands at $18.67 million.
According to TradingBeats' monitoring, Loracle, the largest short seller on the PONS chain, has continued to add to its short positions, currently holding 26 million PONS. As the token price has corrected, the value of its short positions has slightly dropped to $18.67 million, with an unrealized loss of $1.6 million. The entry price was $0.66, while the current price is $0.72. Earlier, Loracle's PONS short positions once recorded an unrealized loss exceeding $7 million. Loracle's total unrealized loss from major short positions currently stands at approximately $21.38 million. Its key positions are as follows: - Short HYPE worth $38.3 million, entry price $53.97, current price $84.27, unrealized loss $13.77 million. - Short SNDK worth $26.63 million, entry price $1475.37, current price $1741.30, unrealized loss $4.07 million. - Short NVDA worth $19.6 million, entry price $225.70, current price $230.60, unrealized loss $420,000. - Short MU worth $10.73 million, entry price $870.69, current price $1024.40, unrealized loss $1.61 million.
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Trump updates his ranking of US presidents, placing himself in the "Greatest" category.
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Beating AI Express Flash: OpenAI has uniformly reset usage quotas for all paid subscribers. Core product lead Tibo Sottiaux stated the move aims to allow users who have exhausted their quotas to continue running GPT-6 Astra. Since Astra’s launch, the community has been complaining about overly fast quota consumption. Some Plus users claimed Astra uses up their entire weekly quota in roughly half an hour, while others reported hitting a 5-hour limit on a single task. Sottiaux had just the prior day reduced quota consumption for heavy-use scenarios to approximately 1/3 to 1/4 of its original level, and has now rolled out a global quota reset.
