Aave’s newly launched V4 protocol on Ethereum is now distributing USDe rewards through its dedicated Ethena ecosystem market, giving DeFi users a fresh set of incentives to park capital in one of the most actively used synthetic dollar systems in crypto.
The activation marks a significant operational milestone for both protocols. Aave V4 rolled out with a purpose-built Ethena environment featuring two “Spokes,” the largest ecosystem-specific deployment at launch, supporting USDe, sUSDe, PT-sUSDe, and PT-USDe as collateral assets.
What the Ethena Spokes actually do Inside those Spokes, users can deposit Ethena’s synthetic dollar USDe and its staked variant sUSDe to borrow against, earn rewards, or engage in what the community has affectionately dubbed “Aavethena” strategies. These are recursive borrowing loops where a user deposits USDe, borrows against it, converts the borrowed funds back into USDe, and repeats the cycle to stack yield.
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USDe is designed as a delta-neutral synthetic dollar, meaning Ethena Labs backs it with productive assets hedged through perpetual futures positions. The net exposure stays close to zero while the underlying positions generate yield.
During peak periods, Aave has supported over 50% of the total USDe supply, making Aave the single most important liquidity venue for Ethena’s flagship asset.
USDe’s growth trajectory USDe supply recently surpassed $12 billion. USDe reportedly crossed the $10 billion mark in under 500 days from its inception, a pace of growth driven in large part by the leveraged looping strategies enabled by Aave’s lending infrastructure.
Ethena distributes discretionary incentives that accrue to sUSDe holders through a token vault structure. As rewards accumulate, they increase the USDe value backing each unit of sUSDe, creating a compounding dynamic that draws in yield-seekers.
New features reduce friction One of the notable additions accompanying the V4 launch is Liquid Leverage, a feature that allows users to make 50/50 USDe/sUSDe deposits. The practical upside: it enhances liquidity and rewards while reducing the cooldown period that typically applies when unstaking sUSDe.
Aave’s governance has also implemented structural safeguards for the partnership. Whitelisted redemption mechanisms are in place to manage inter-protocol risk, essentially creating controlled exit channels that prevent a bank-run scenario where mass redemptions could destabilize either protocol.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Since Monday, the 31st of August, Polkadot [DOT] has rallied 18.9%. The altcoin was once again testing the psychological $1 resistance level, a level it last traded above back in June.
It was reported that the daily network activity spiked by 150%. A large part of this activity was driven within the Polkadot Products Devnet environment.
The activity spike was a positive for the network, but it might not result in a sustainable price trend for the token. In August, news that Grayscale would not be proceeding with its proposed Polkadot ETF product caused negative sentiment around the altcoin.
Polkadot price trends have been bearish throughout 2026 Source: DOT/USDT on TradingView There has been a noticeable Polkadot price move higher since mid-August, but long-term investors must remember that the price move came within a broader downtrend.
The weekly chart showed that DOT has been in a downtrend since June 2025, when it first slipped below the $3.75 long-term support. The latest price bounce needs to close a weekly session above $1.38 to show that the weekly structure was changing.
The $1 supply zone stood in the way of the bulls looking to make this happen. Despite the recent price uptick, the CMF showed that long-term capital flows remained firmly dominated by the sellers, with a reading of -0.16 at the time of writing and consistently low values throughout the year.
Traders’ call to action – Take profits Source: DOT/USDT on TradingView While the weekly trend was bearish, the 1-day timeframe signaled a bullish shift. The downtrend’s lower high at $0.88 (cyan) has been breached. The Awesome Oscillator indicated that upward momentum was strong.
The CMF’s reading of +0.21 also highlighted sizeable buying pressure.
Yet, DOT is in a long-term downtrend, and the $1 and $1.38 resistance zones remain standing. Until they are breached, holders and swing traders can use this rally to take profits and stay sidelined to wait for a true recovery.
Final Summary A 150% increase in daily network activity, alongside a renewed challenge of the $1 resistance zone, has sparked interest in DOT. The altcoin is trading within a long-term downtrend, and its rally could be capped by the $1.0 and $1.40 overhead supply zones.
Polkadot's $DOT token recorded a 19% price gain within a 24-hour window, moving in step with a sharp rise in on-chain usage that analysts say points to a broader recovery in network fundamentals.
Transaction Volume Drives the Rally Daily transaction volume on the Polkadot network expanded by roughly 150% during the period, a move that tracked closely with the price appreciation in $DOT.
The volume expansion adds weight to the price move, suggesting the rally was not purely driven by thin liquidity or speculative positioning.
Inter-Chain Messaging at Quarterly Highs The activity surge extends beyond raw transaction counts. Polkadot's inter-chain messaging infrastructure, built around its Cross-Consensus Messaging format known as XCM, has been a key driver of ecosystem engagement. Throughput on these protocols reached new quarterly highs during the latest activity window, reinforcing the network's utility case.
That engagement is increasingly backed by a substantial developer base.
The network also received a structural boost earlier in 2026. providing an additional regulated demand channel for institutional investors.
Whether the current momentum can be sustained will depend on continued on-chain adoption.
Sources:
CoinTurk: Polkadot network activity surges 150%, DOT faces key price levels
Polkadot Developer Docs: Get Started with XCM
Coinpedia: Polkadot Price Prediction 2026
Anchored Finance has launched tokenized versions of traditional stocks on Uniswap’s decentralized exchange, using the Arbitrum Layer-2 network as its primary venue. The deployment, which went live on August 24, brings 10 tokenized equities onto one of DeFi’s most liquid trading platforms, each backed 1:1 by shares held through US regulated brokers and custodians.
What Anchored built and how it works Anchored Finance first announced its plans on August 20, targeting a launch window of August 21 to 24. The team met that timeline, with tokens going live on the later end of the window after completing technical and liquidity preparations.
The tokenized stocks are issued as ERC-20 tokens. Liquidity routing runs through UniswapX, an order-routing protocol that aggregates liquidity sources to find optimal execution for traders. Settlements happen in USDC, and Anchored has also built on-chain issuance workflows, meaning the creation and redemption of tokenized shares follows a transparent, verifiable process.
The deployment isn’t limited to Arbitrum. Anchored simultaneously launched on Ethereum mainnet, Base, and Monad, spreading its tokenized equities across four networks.
The tokenized RWA wave keeps building Anchored’s approach leans on US custodial services to hold the underlying shares, creating a compliance framework where each on-chain token corresponds to a real share sitting in a regulated brokerage account.
What this means for tokenized equities Post-launch trading volume data for Anchored’s tokens hasn’t surfaced yet. A 1:1 backing model with regulated custody addresses the trust problem. USDC settlements remove friction. Multi-chain deployment across four networks increases surface area for discovery, and Uniswap integration means these tokens don’t need to build their own trading ecosystem from scratch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
After an aggressive breakout that took Solana from about $76 to a local high of about $110 in less than two weeks, Solana is currently going through its first significant correction. With the asset currently trading close to $99.43, the psychologically significant $100 level is under immediate pressure.
Solana's strength is underestimatedSolana's overall technical structure is still much stronger than it was prior to the breakout, notwithstanding the correction. SOL successfully recovered the 200-day EMA, which is currently at $90.47. It is still significantly higher than the 50-day and 100-day averages, which are at roughly $83.47 and $82.17, respectively.
SOL/USDT Chart by TradingView HOT Stories
Additionally, the 20-day EMA has accelerated to $92.09. Because of this, the most crucial structural support in the event that $100 fails is the $90–$92 region. Instead of total invalidation, a correction in this area would still be considered a retest of the breakout. But momentum has drastically decreased.
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After hitting extremely overbought territory during the rally, the RSI has dropped to roughly 62. If buyers stabilize the price, that normalization is beneficial, but further selling below $98 may pave the way for $95 and ultimately $92. On the plus side, before another attempt at the $110 local high becomes feasible, SOL needs to recover $102–$104.
A breakout above $110 might reopen the route toward $115–$120 and leave comparatively little immediate resistance. SOL is still technically bullish for the time being, but whether the market sees a shallow consolidation or a much deeper retest depends on the struggle for $100.
Hyperliquid is consolidatingFollowing one of its biggest rallies of the year, Hyperliquid is still consolidating near its recent highs. HYPE is currently trading at $81.57, which is between five and six percent below its most recent peak of $86 to $87. HYPE has not given up much ground, which is a significant distinction from many post-rally corrections.
Rather, the price has settled into a narrow range between $80 and $85, indicating that sellers have not yet been able to generate a significant reversal. Additionally, all of the chart's major moving averages are still significantly below HYPE.
HYPE/USDT Chart by TradingViewThe 50-day and 100-day averages are at roughly $63.98 and $62.83, respectively, while the 20-day EMA has risen to about $73.38. The 200-day EMA is still at $55.24, which is significantly lower. Strong momentum is confirmed by that separation, but if the current consolidation breaks, there is room for declines.
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The immediate support is $80. If that level is lost, HYPE may move toward $77–$78, then the quickly increasing 20-day EMA at $73. On the other hand, holding onto $80 preserves the current bullish structure.
Without generating a bearish momentum reading, the RSI has cooled to about 64 from overbought territory, reducing some of the excess created by the breakout. The $86–$87 peak would come back into focus with a recovery above $84–$85. After overcoming that obstacle, $90 would be the next psychological target; if momentum increases once more, $100 could still be reached.
Zcash is stronger than others Despite starting to cool off following its most recent vertical expansion, Zcash is still in a very strong technical position. After a rally that raised the asset as high as roughly $880–$890, ZEC is currently trading at $811.
ZEC/USDT Chart by TradingViewThe breakout's magnitude is noteworthy. ZEC consolidated between $450 and $520 for the majority of August before quickly clearing $600 and then accelerating through $700 and $800. The breakout involved significantly more participation than the previous consolidation, as evidenced by the move's significant increase in volume.
On the other hand, the short-term outlook now indicates consolidation. ZEC has produced multiple large upper wicks as it has repeatedly failed to establish itself above the $850–$880 resistance zone. There are still buyers in the $780–$800 range, but neither side has taken firm control.
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Additionally, momentum is normalizing. In contrast to the highly overbought readings during the initial breakout, the RSI has dropped toward 66.7. Without harming the larger bullish structure, this cooling can assist ZEC in building a stronger base. The first significant support is located between $775 and $780.
Below it, $750 becomes significant, and the quickly rising 20-day EMA around $703 comes next. Even if there was a significant correction toward $700, ZEC would still be well above its longer-term moving averages.
Bulls must eventually break the recent $880–$890 peak and recover $850 to continue. By doing this, the psychological $900 level would be activated right away, followed by $1,000. ZEC is still bullish for the time being, but consolidation around $800 is becoming more crucial following such a sharp rise.
Filecoin shines unexpectedly After months of being in a persistent downtrend, Filecoin is attempting to establish its first convincing short-term reversal. After a strong recovery from roughly $0.65, FIL is currently trading close to $0.77.
More significantly, the most recent move has pushed the price back above the 50-day and 20-day moving averages, with a current position between $0.716 and $0.717. The 100-day EMA in the vicinity of $0.774 is the immediate challenge.
FIL/USDT Chart by TradingViewThe $0.77–$0.80 region is the crucial technical barrier since FIL is currently actively testing this level. Buyers need an actual daily close above this area rather than another brief spike, because previous attempts to move above $0.80 during August were swiftly rejected. The recovery thesis has some backing from volume.
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Recent upside sessions have seen a sharp increase in trading activity, indicating that the move is drawing participation rather than growing only from thin liquidity. Concurrently, the RSI has increased to about 58, providing FIL with positive momentum without putting it in overbought territory.
The path toward $0.85 could be opened by a confirmed breakout above $0.80, with the next significant structural obstacle being the much larger 200-day EMA around $0.93. If FIL fails at $0.77–$0.80, it would be open to another move toward $0.72.
The recovery would be significantly weakened if the moving-average cluster there were to give way, and $0.65–$0.67 would once again come into focus. Unlike ZEC, FIL has not yet confirmed a wider trend reversal, but it is exhibiting a respectable improvement.
Pakistan's First Government App Completes One Month on ICPPakistan has reached a notable milestone in its push toward decentralized digital infrastructure. The country's first governmental application, a national messenger platform, has completed a full month of live operation on the Internet Computer Protocol (@Dfinity), marking the first time a Pakistani government service has run end-to-end on a blockchain-based sovereign cloud.
The app was built using @caffeineai, an AI-powered platform incubated by the DFINITY Foundation that allows users to create and deploy fully on-chain applications through natural language prompts, without requiring traditional coding. Caffeine builds full-stack web applications from natural language prompts, with those applications running entirely on the Internet Computer Protocol, a blockchain-based network. The platform's use in a live government context signals a step beyond early pilots and into operational deployment.
ICP's Chief Business Officer confirmed that the Pakistan National Messenger app is "almost feature complete now and ready for the next phase," suggesting broader rollout or expanded functionality is approaching.
A Broader Sovereign Infrastructure PushThe messenger app sits within a larger bilateral framework. The Pakistan Digital Authority (PDA) and the DFINITY Foundation signed an MoU to advance sovereign AI-native digital infrastructure in Pakistan, with DFINITY supporting the creation of a dedicated Pakistan Subnet on ICP, designed to host tamper-resistant software and national-scale applications independently of foreign cloud infrastructure.
The collaboration also includes expanded access to Caffeine through 1,500 licenses, alongside capacity-building initiatives across government, education, and entrepreneurship.
A second governmental platform is now being prepared for launch, as Pakistan continues migrating core public services to decentralized computing. A local ICP subnet can support services that require strict data residency, including identity, records, and communications.
The one-month stability milestone carries practical weight. Governments evaluating decentralized infrastructure have historically required proof of operational resilience before scaling, and an uninterrupted four-week deployment in a live national stack provides exactly that kind of reference point. If key checkpoints continue to be met, the compounding effect becomes real: other governments can point to an example, reduce perceived risk, and justify their own pilots.
Sources:
Pakistan Digital Authority and DFINITY Partnership Announcement – Internet Computer
Swiss Company Entering Pakistan to Help Build Local Cloud Services – ProPakistani
Dfinity Launches Caffeine AI – VentureBeat
TVL Crosses $60M With $10M Left to GoNEAR Protocol's (@NEARProtocol) Confidential Intents has crossed $60 million in total value locked, leaving the protocol just $10 million short of the threshold that will trigger its first major reward event. When aggregate TVL reaches $70 million, the Drop 1 snapshot for [email protected] will be taken, locking in allocations for eligible participants.
The milestone matters because the [email protected] program distributes a fixed pool of 333,333 milestone tokens to qualifying Confidential Intents users. To be eligible for Drop 1, participants must hold a confidential balance above $100 and have completed at least one confidential swap before the TVL threshold is reached.
How the [email protected] Program [email protected] is a milestone incentive program tied directly to Confidential Intents activity on near(.)com. The tokens issued are non-transferable at first. Conversion to NEAR on a 1:1 basis only occurs if NEAR's volume-weighted average price (VWAP) holds at or above $3.33 for three consecutive days, meaning two separate on-chain conditions must be met before any tokens change hands.
Allocation is not simply a function of deposit size. It is scored by sustained confidential balance weighted by time held, plus ongoing swap activity. Earlier participation carries greater weight in the calculation, so users who have been active on Confidential Intents since before the snapshot carries an advantage over those who enter late. No single wallet can receive more than 2 percent of Drop 1, equivalent to roughly 6,666 tokens, so large last-minute deposits offer limited additional benefit.
Confidential Intents itself is NEAR's private execution layer for cross-chain swaps, running inside a private shard connected to mainnet via a trusted execution environment (TEE) bridge. The architecture is designed to shield transaction amounts and counterparties from being visible on-chain until settlement, protecting users from MEV and frontrunning rather than providing full anonymity.
With TVL having climbed from roughly $26 million in mid-June 2026 to over $60 million by early September, the protocol is approaching the $70 million milestone at a steady pace. More drops are planned after Drop 1, with conditions calibrated to higher levels of community activity.
Sources:
Crypto Briefing: NEAR's Confidential Intents TVL surpasses $26M as private execution expands
Nansen: NEAR Protocol Q2 2026 Report
Coinfomania: Confidential Intents Hits $60M in TVL
@PancakeSwap has crossed the 200 million user mark, a milestone that underscores its standing as the dominant decentralized liquidity venue heading into the second half of 2026.
A Platform Built on Sustained Growth The milestone did not arrive suddenly. That foundation has since expanded:
While the multi-chain footprint has broadened its reach, BNB Chain remains the engine of the platform, accounting for the deepest liquidity and the highest transaction counts.
On the tokenomics side,
Expanding Into Tokenized Assets Beyond spot trading in $BTC and memecoins, PancakeSwap has moved aggressively into tokenized real-world assets (RWAs).
The tokenized asset push was largely triggered by a partnership with Ondo Finance. The appeal is practical:
With 200 million users now on board and a growing suite of products spanning crypto-native tokens, memecoins, and tokenized equities, @PancakeSwap appears well-positioned to remain the primary decentralized exchange for retail participants through the current market cycle.
Sources:
PancakeSwap: 5 Years of PancakeSwap (Official Blog)
Crypto Briefing: PancakeSwap hits $1B in tokenized asset volume
Crypto Briefing: PancakeSwap v3 hosts $3B in spot DEX volume for tokenized stocks
South Korea’s Hanwha Investment & Securities has reportedly developed a multi-network tokenized securities platform supporting Avalanche (AVAX) as the country prepares to regulate security tokens under its existing capital markets framework.
The brokerage worked with blockchain technology company FairSquare Lab on the system, with development starting in 2025, according to a Sunday report by Seoul Economic Daily. Rather than being limited to Avalanche, the platform was designed for multiple networks and also supports Hyperledger Besu.
The project comes ahead of regulatory changes scheduled for Feb. 4, 2027, when amendments recognizing distributed ledgers as legally valid securities registers are due to take effect in South Korea.
Hanwha Deepens Tokenization Exposure The platform adds to Hanwha Group’s existing investments across blockchain and tokenization businesses.
Three Hanwha affiliates have accumulated a combined 9.6% stake in Securitize (SECZ) over several years, making the group the company’s largest shareholder.
Hanwha Investment & Securities separately disclosed in July a 30 billion Korean won ($22.3 million) investment in Digital Asset, the operator of Canton Network.
FSC Plans Phased Expansion of Tokenized Securities Against that backdrop, South Korea’s Financial Services Commission (FSC) has laid out a three-stage roadmap for implementing the incoming securities token amendments.
Beginning when the new laws take effect in February, tokenization will be permitted for privately placed money market funds and bonds, fractional investment securities, and unlisted stocks structured through a trust wrapper.
If the initial rollout proves successful, the regulator plans to expand the framework to all publicly offered securities. Its longer-term plan is to establish onchain payment rails that would enable investors to settle tokenized securities using stablecoins.
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.
Hanwha Builds Avalanche-Backed Platform Ahead of 2027 DeadlineHanwha Investment and Securities, a major brokerage within the $200 billion Hanwha conglomerate, has completed development of a tokenized securities platform built on @Avax, positioning itself ahead of a sweeping regulatory shift in South Korean capital markets.
South Korea's Regulatory Push Sets the Stage
further signaling the growing institutional appetite for the network within South Korea.
The move by Hanwha underscores a broader effort by Korean financial institutions to get ahead of a regulatory curve that is reshaping one of Asia's largest capital markets.
Sources:
The Block: South Korea's Hanwha develops tokenized securities platform on Avalanche
Seoul Economic Daily: Hanwha Securities Builds Avalanche-Based Token Securities Platform
The Block: South Korea to start tokenizing all types of securities in three stages from 2027
Hanwha Investment & Securities, the brokerage division of South Korean conglomerate Hanwha Group, has officially launched its tokenized securities platform, delivering a considerable boost to the Avalanche blockchain’s AVAX token.
AVAX price climbs after Hanwha platform debutFollowing the announcement, AVAX traded near $8.06, representing a 5.24% increase in the past 24 hours. Its market capitalization reached $3.48 billion, according to CoinMarketCap. The surge reflects increasing market optimism around Avalanche’s integration into traditional finance infrastructure.
Avalanche confirmed the news, emphasizing its role in bringing conventional capital market assets onto blockchain networks. The platform launch positions AVAX at the heart of South Korea’s accelerating tokenization efforts.
Avalanche highlighted how the new system places the network “at the center of bringing traditional assets into global onchain markets.”
Hanwha’s platform and blockchain integrationHanwha’s tokenized securities platform has been in development since 2025, with blockchain development led by FairSquare Lab. The system leverages Avalanche’s public blockchain together with Hyperledger Besu, an enterprise blockchain widely adopted within South Korea’s financial sector.
Tokenized securities record financial instruments, such as stocks and bonds, on distributed ledgers. This allows for enhanced transparency, ease of transfer, and improved efficiency in financial transactions.
Specifics regarding public access to Hanwha’s platform have not been released. However, the integration of Avalanche and Hyperledger Besu marks a significant collaboration between public and private blockchain solutions.
Mini dictionary: Hyperledger Besu is an open-source Ethereum client designed for both enterprise and public permissioned or permissionless networks, supporting advanced smart contract functionality and interoperability within the blockchain ecosystem.
Regulatory momentum in South KoreaSouth Korea’s National Assembly has amended national laws to officially recognize distributed ledgers as legal securities registers. The reforms, finalized in January, will take effect from February 4, 2027, through updates to the Electronic Securities Act and Capital Markets Act. These changes set the stage for large-scale adoption of tokenized securities in the country.
The Financial Services Commission, South Korea’s leading financial regulator, has planned a three-phase rollout to integrate blockchain into the existing financial system. The first phase targets privately placed money-market funds, institutional corporate bonds, unlisted stocks via trust structures, and publicly offered fractional investment securities. Later phases will include all publicly offered securities and establish on-chain settlement using stablecoins.
Rollout PhaseKey Assets CoveredTimelinePhase 1Money-market funds, institutional bonds, unlisted stocks, fractional securitiesInitial rolloutPhase 2All public securitiesSubsequent stagePhase 3On-chain settlement with stablecoinsFinal stageThe Korea Securities Depository, the central securities depository for South Korea, is building its own infrastructure to support these legal and technical updates. This system will interface with Avalanche, Hyperledger Besu, and Hyperledger Fabric. Officials revealed Avalanche’s selection was influenced by demand from participants in the tokenized securities working group.
Mini dictionary: Korea Securities Depository is South Korea’s central securities depository, responsible for the safekeeping and settlement of securities as well as supporting capital market infrastructure.
Hanwha Group’s broader tokenization strategyHanwha Group, a major player in South Korea’s finance, manufacturing, and services sectors, has been steadily increasing its exposure to digital asset technologies. Across three affiliates, Hanwha has acquired a 9.6% equity stake in Securitize, making it the top shareholder in the leading tokenization firm.
In July, Hanwha Investment & Securities invested 30 billion Korean won, approximately $22.3 million, into Digital Asset, the company behind Canton Network, a blockchain interoperability project.
Hanwha Group CEO Byung-ho Jang has outlined plans to reposition the brokerage as a digital asset-focused institution. The vision is to enable end-to-end real-world asset tokenization, offering issuance, custody, and trading capabilities on blockchain infrastructure.
Hanwha executives are positioning the group as a leading digital-asset broker with a mission to transform real-world assets into digital tokens, with all key services processed on-chain in real time.
A Solana-based cat-themed memecoin, Anonymous Cat (ZCAT), has distributed over $2.8 million worth of Zcash (ZEC) to its holders, thanks to a unique mechanism that rewards participants with ZEC generated from transaction fees. Both ZCAT and ZEC have recently experienced significant price appreciation, further boosting the value of these rewards.
ZCAT’s unique reward systemZCAT operates by charging a 3% fee on every sale of the token. These fees are pooled and then paid out as ZEC to holders who possess at least $20 worth of ZCAT in their wallets. This model stands out among memecoins for its integration of an external asset—Zcash—as the direct reward.
As of early Monday in Asia, approximately 2,320 ZEC (about $2.8 million at current prices) had been distributed to eligible participants. ZCAT relies on ongoing buy, sell, and transfer activity to generate rewards, making future ZEC distributions dependent on token holder engagement and overall trading volume.
Roughly 2,320 ZEC have been distributed so far, equating to $2.8 million at current prices, as recent gains in ZEC’s price have increased the value of payouts to ZCAT holders.
Unlike income-earning investments, ZCAT holders earn ZEC exclusively from transaction-based rewards. If trading activity diminishes, the value and amount of distributions can decline correspondingly.
Mini dictionary: Zcash (ZEC), a privacy-focused cryptocurrency, enables users to send transactions shielded from public view using zero-knowledge proofs called zk-SNARKs. It is widely recognized for its confidentiality features and is listed on numerous major exchanges worldwide.
Market performance and trading activityAt the time of publication, ZCAT traded at $0.132 with a market capitalization of $124 million and daily volume reaching $22 million. Over the weekend, the token attempted to breach the $0.19 resistance point but failed to sustain gains, pushing the price lower during the latest Monday trading session.
ZCAT is available for trading against ZEC on StonkFun, a Solana launchpad that allows new crypto projects to pair with assets other than SOL or major stablecoins. StonkFun is designed to foster innovation and expand trading options for Solana-based tokens.
Mini dictionary: StonkFun is a Solana-based launchpad that specializes in listing new cryptocurrency projects and enables token pairings with a variety of assets. It aims to provide innovative trading pairs outside typical baselines like SOL or stablecoins.
TokenCurrent PriceMarket CapDaily VolumeZCAT$0.132$124 million$22 millionZEC (rewards pool)Approx. $1,200——Rise of cat-themed memecoinsThe success of Anonymous Cat highlights the broader surge of cat-themed coins within the cryptocurrency sector. These memecoins frequently depend on active online communities and speculative trading as their engines of growth, rather than established business models.
Other notable projects in the trend include Cash Cat, developed alongside the introduction of Robinhood Chain in July. On this network, traders rapidly minted over 22,000 coins within a single day. Reports suggest that one user converted $800 into more than $1 million in just a week, underscoring the speculative interest in new blockchain ecosystems.
Grayscale, a leading digital asset management firm, also offers an exchange-traded fund (ETF) tracking the price of spot ZEC, available on NYSE Arca, providing traditional investors with exposure to Zcash’s market movements.
Analysts emphasize that future ZEC rewards for ZCAT holders will remain closely linked to the level of token trading activity. If demand and trading volume subside, the reward system could deliver lower payouts going forward.
The future size of Zcash rewards for holders of ZCAT will depend on whether active trading continues; reduced activity may lead to decreased payouts.
Solana price fell 1.4% on Sept. 7 after another rejection near $107, while weakening capital flows and nearby liquidation clusters increased the risk of further volatility.
Summary
Solana price fell from $106.46 to $104.97 after sellers defended the $107 resistance zone. SOL remains above its 20-, 50-, 100-, and 200-period averages on the 4-hour chart. Chaikin Money Flow dropped to -0.15, pointing to increased selling pressure. Liquidation liquidity is concentrated near $108, with another notable cluster around $103. Solana price retreats after $107 rejection According to data from crypto.news, Solana (SOL) price traded lower on Sept. 7 as buyers failed to push the token through a resistance cluster between $106.80 and $107.50.
SOL opened the daily session at $106.46 and rose to an intraday high of $106.80 before reversing. The token subsequently fell as low as $104.22 and closed at $104.97, representing a 1.4% daily decline.
The move kept Solana near the psychological $105 level, which now separates a renewed test of recent highs from a deeper pullback toward its short-term moving averages.
Price action on the 4-hour chart shows that SOL has entered a period of consolidation after a strong rally from around $75 in mid-August. The token reached approximately $110 on Aug. 28 before losing momentum and falling toward $98 at the start of September.
Buyers defended that correction and drove SOL back above $106, but repeated failures around $107 suggest that sellers remain active below the August peak.
Trading activity also appeared to weaken during the latest advance. Reduced participation makes it more difficult for buyers to absorb sell orders and can produce sharper moves around leveraged positions.
SOL remains above key moving averages Despite the daily decline, Solana continues to trade above all four moving averages shown on the 4-hour chart.
Solana price 4-hour chart — Sep. 7 | Source: crypto.news The 20-period simple moving average stands at $103.93, while the 50-period average sits slightly lower at $102.98. Those levels form the first important support area between $103 and $104.
SOL’s 100-period moving average is positioned at $101.26. A decisive 4-hour close below that level would weaken the current recovery structure and expose the psychological $100 mark.
The broader trend remains strong while Solana holds above its 200-period moving average at $89.21. A wide gap between the market price and that longer-term average reflects the scale of the rally that began in August, although it also leaves room for a larger correction if short-term support fails.
Solana price daily chart — Sep. 7 | Source: crypto.news Moving-average alignment remains bullish because the shorter averages are positioned above the longer ones. However, Chaikin Money Flow has fallen to -0.15, showing that selling pressure has exceeded buying pressure over the indicator’s measurement period.
Negative CMF readings do not confirm an immediate breakdown, but the divergence between price and capital flows suggests that the latest rebound lacks strong spot-market support.
Liquidation map puts $108 and $103 in focus CoinGlass’ 24-hour liquidation heatmap shows the largest nearby concentration of leveraged positions around $108.
Solana liquidation heatmap | Source: CoinGlass The bright liquidity band at that level could attract price if SOL recovers above $106 and breaks through the $107 resistance area. Such a move could force short sellers to close positions, potentially accelerating an advance toward $109 and the recent peak near $110.
Additional overhead liquidity appears around $108.80, $109.50, and $110. A sustained breakout above $110 would establish a higher high and support an extension of the August rally.
Downside liquidity is more dispersed. The closest notable clusters appear between $103 and $104, followed by another concentration around $102.50. A break below $104 could therefore trigger long liquidations and pull SOL toward the $102.98–$103.93 moving-average zone.
The $101.26 average would become the next technical defense if that area fails. Below it, $100 represents both a psychological level and the approximate base of Solana’s latest rebound.
Daily signals show momentum is cooling The daily chart presents a mixed outlook. Solana remains above its Supertrend support at $90.68, leaving the wider recovery structure intact despite the rejection from $109.
Aroon readings, however, show that near-term momentum has weakened. The Aroon Up indicator stands at 0%, while Aroon Down is at 21.43%. Neither reading signals a strong trend, but the lack of a recent high explains why buyers have struggled to extend the rally.
The chart places the next major Supertrend resistance near $110.68. SOL would need to close above that level to strengthen the bullish case and open a possible move into the $115 region.
A daily close below $100 would shift attention toward $95 and the Supertrend support near $90.68. That level also marks the point below which the broader bullish structure would face a more serious test.
Analysts see another Solana move developing Analyst Wayne Liang said Solana could begin another upward leg after the token’s roughly 45% rally from an earlier buy signal near $75 to a sell signal around $109.
We could see the next leg up for $SOL pretty soon.
Our initial buy signal (blue diamond) came in at ~$75.
After a 45% rally, the first sell signal (pink diamond) came in at ~$109.
It feels like we're about to see another BD soon… and I'll make sure you don't miss it. 🫡 pic.twitter.com/rEu2vNytVZ
— Wayne Liang (@wliang) September 6, 2026 Liang said his indicator may be approaching another buy signal, although the chart had not confirmed one at the time of the post. The analyst’s view supports a possible continuation scenario but depends on SOL maintaining its rising trend structure.
Team LAMBO Charts separately described the $70–$95 range as an accumulation zone preceding an expansion phase. However, the post said SOL was already above $140, a figure that conflicts with both the attached chart and the observed market price near $105. The broader accumulation-to-expansion interpretation may still apply, but the stated price cannot be treated as current.
For US traders, expectations around Federal Reserve policy remain an external risk for SOL and other high-beta crypto assets. Higher-for-longer interest rates generally reduce demand for speculative assets, while any shift toward easier financial conditions could improve the backdrop for an upside breakout.
In the short term, $103–$104 is the main support zone, while $107–$108 remains the first barrier. Whichever side breaks first could determine whether SOL retests $110 or returns toward $100.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
It appears that liquidity is becoming a theme for Solana’s Q4 cycle.
Despite closing out August with a 41% rally, one of the best performers among high-cap assets, Solana’s fundamentals have started September on a bearish note.
The biggest concern has been Robinhood Chain flipping Solana in daily DEX volume, adding further pressure on Solana’s liquidity narrative.
However, there may be one vital change ahead. As the post below highlights, memecoin liquidity appears to be flowing from Robinhood Chain to Solana.
From a technical standpoint, Solana’s ZCAT has surged 500% in 24 hours to a $140 million market cap, making it the second-largest cat-themed memecoin behind Robinhood’s CASHCAT.
Source: X Notably, the timing could not be better.
The experts are already talking about a potential memecoin supercycle, with Dogecoin [DOGE] having already climbed more than 8% this month.
As the largest memecoin by market value, DOGE’s rapid rise could be a harbinger of things to come, suggesting that liquidity is returning to the memecoin space. If this trend continues, then the memecoin ecosystem on Solana would be one of the primary beneficiaries.
This is where Robinhood flipping over Solana [SOL] in DEX volume begins to matter. While memecoins liquidity appears to be rotating towards Solana, Robinhood is already outperforming in overall trading activity.
So, if the rotation picks up, does it make Solana’s rally heading into Q4 more speculative?
Solana’s Q4 cycle faces a key test One trader’s trade is enough to show you how much FOMO there is in the memecoin market right now.
According to SolanaFloor, one trader turned $196 into $396k on Solana, scoring a 201,900% gain on ZCAT as it surged to an $80 million market cap. The trader has already cashed out $149k while still holding around $247k in unrealized gains.
However, that enthusiasm appears to be taking place “off-chain.” As the chart below shows, the memecoin dominance as a % of the total altcoin market cap has hit the lowest level since the start of the year.
It indicates that memecoins are at their lowest level of popularity, despite their recent “pop” in the media.
Source: CryptoQuant In this context, the recent memecoin surge could become a double-edged sword.
With liquidity being consolidated within only a few Solana memecoins, broad-based selling pressure could easily spread across the sector. Meanwhile, Robinhood’s entry as a major force in the overall on-chain activity adds another layer of complexity for SOL’s liquidity narrative.
Consequently, this puts Solana at a key inflection point. If the memecoin liquidity continues to rotate into the ecosystem, it could fuel another speculative wave in Q4. But if the spot doesn’t pick up, the road ahead could get riskier for SOL.
Final Summary Memecoin liquidity could fuel Solana’s Q4 rally, but concentrated flows also raise downside risk. If Spot demand fails to pick up, SOL’s Q4 setup could become increasingly speculative.
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.
Solana is trading near $105 after staging a recovery from its summer lows, reigniting optimism among traders about a continued rally. The combination of a long-term chart breakout, rising derivatives activity, and concentrated liquidity above the market is providing bullish traders with clearer targets in the weeks ahead.
Weekly breakout highlights $170 as next major targetSolana’s weekly chart shows the price emerging from a prolonged consolidation that was shaped by a rising multiyear support line and a downward-sloping resistance level from the 2025 highs. The recent rebound pushed SOL above the declining trendline, reinforcing the bullish technical outlook for the market.
A chart shared by trader Don identifies $170 as the next significant price objective for bulls. Don described the move succinctly, remarking that SOL “wants $170,” summarizing the prevailing optimistic outlook among some traders.
Don’s analysis points to $170 as the next significant upside objective for Solana, with longer-term resistance placed at $280.
At the time of writing, Solana was priced around $105.56, posting a gain of 0.8% over the previous 24 hours, according to data from CoinMarketCap. The $170 target stands roughly 61% above the current price, indicating that a breakout would need further confirmation before such levels come into focus.
Momentum has started to improve, with the weekly relative strength index rising to approximately 60. This level sits above the neutral 50 mark, but remains comfortably below the overbought threshold of 70.
The bullish case stays intact so long as SOL maintains its position above the recently broken trendline. However, a drop below that level could weaken the setup and potentially initiate a new consolidation period.
Liquidity clusters and derivatives positioningAnalysis of derivatives markets provides further insight into potential price action. The liquidation heatmap indicates a pronounced concentration of liquidity around the $145–$150 level, which lies above SOL’s current price.
These liquidity zones can serve as magnets for price movements, as large concentrations of leveraged positions carry the risk of forced liquidations if prices rise into their stop-out levels. While these areas are not guaranteed targets, they often become focal points of increased volatility whenever approached.
Above the $150 region, the heatmap also identifies additional liquidity at $180–$200 and a more substantial concentration between $240 and $250, aligning with the longer-term bullish structure that points toward the $280 resistance zone.
On the downside, notable liquidity remains in the $60–$70 price range, underscoring the risk that a sharp reversal could quickly erode the bullish narrative if the breakout fails.
Recent data also show that Solana derivatives traders are rebuilding positions after a previous reduction in overall leverage. Open interest in Solana derivatives has recovered, reaching an estimated $6 billion to $7 billion, after spending much of the prior period near $4 billion to $5 billion. Open interest remains well below its all-time peak near $17 billion.
Increasing open interest, especially when paired with a rising underlying price, can signal renewed participation and growing sentiment among market participants. However, it is important to note that open interest reflects exposure from both longs and shorts, meaning that volatility can increase in either direction when leverage builds up.
In the near term, the $145–$150 region appears as the first major upside test for Solana. A convincing break above this area could pave the way for a move toward Don’s $170 target. Sustained strength beyond that level may attract further attention to higher resistance levels closer to $280.
Mini dictionary: Liquidation heatmap, a chart that displays areas where large concentrations of leveraged trading positions are likely to face forced closure if price moves to certain levels, often used by traders to identify zones of potential high volatility.
Solana is targeting September 9 for Transaction v1, a new format that raises the maximum serialized transaction size from 1,232 bytes to 4,096 bytes.
Summary
Solana plans to raise maximum transaction size from 1,232 bytes to 4,096 bytes Wednesday mainnet. Transaction v1 remains optional, while legacy and v0 formats continue operating under existing size limits. Applications reading blocks must support version one or risk errors when encountering the new format. V1 removes address lookup tables and stores resource limits directly within each transaction’s configuration metadata. Solana’s official roadmap labels mainnet activation pending, making the September 9 schedule potentially changeable still. The increase gives developers about 3.3 times more transaction space. Solana’s official roadmap says the additional capacity can accommodate zero-knowledge proofs, large multisignature operations, batches and some onchain signature schemes.
Large operations previously had to be divided into several transactions when their instructions, signatures and account information exceeded the 1,232-byte ceiling. That process added complexity because one transaction could succeed while another step failed.
Transaction v1 could let developers combine more of those instructions into one atomic operation. Either every instruction succeeds or the entire transaction fails. The model could benefit trading routes, confidential transfers, cross-chain operations and applications processing complex cryptographic proofs.
The upgrade does not raise Solana’s limit of 64 referenced accounts per transaction. Applications can include more data and instructions, but they cannot automatically interact with more accounts.
Solana to triple transaction size as apps get room for more complex trades
The Solana smart contract blockchain is targeting Wednesday to increase the maximum transaction size from 1,232 bytes to 4,096 bytes, giving developers more than three times as much room to fit… pic.twitter.com/A3TNInOEdG
— Tony (@Crypto_Tony07) September 7, 2026 Existing Solana transactions will remain valid Transaction v1 is optional. Wallets and applications can continue sending legacy and v0 transactions under the existing 1,232-byte limit. Users do not need to migrate tokens, exchange SOL or complete a claim before activation.
Developers must deliberately adopt the new format to access its larger capacity. The Solana documentation identifies three supported formats: legacy, v0 and v1. Each format organizes account addresses and resource limits differently.
The v0 format uses Address Lookup Tables, or ALTs, to represent account addresses through compressed one-byte indexes. V1 removes ALTs and places complete 32-byte account addresses directly inside the transaction.
This creates a trade-off. V1 provides a larger overall envelope, but applications that rely heavily on lookup tables may spend more bytes representing the same accounts. Solana’s technical analysis found that 90% of sampled transactions would add fewer than 1,400 bytes when converted from v0 to v1.
Infrastructure providers must update their software The main compatibility risk applies to services that read blocks and transactions. Remote procedure call providers must set their maximum supported transaction version to one. Otherwise, requests could fail when they encounter a v1 transaction.
Indexers, explorers and analytics services must also change how they retrieve resource limits. Legacy and v0 transactions place compute limits and priority-fee settings inside ComputeBudget instructions. V1 stores them in a dedicated transaction configuration.
Outdated services could therefore display incorrect information. For example, an explorer might show a zero priority fee even though the user paid one. Fee sponsors and applications that check transaction limits must read the new configuration rather than scan old-style instructions.
Applications sending v1 transactions must explicitly set compute-unit and loaded-data limits because both default to zero. Developers should test transaction construction, signing and decoding before moving production traffic to the format.
September 9 remains a targeted activation date Solana Foundation Vice President of Technology Jacob Creech identified September 9 as the planned mainnet date. As crypto.news previously reported, the upgrade is included in Anza’s Agave 4.2 rollout.
However, the official roadmap still labels the mainnet feature as “not activated.” It also says Anza’s release schedule is “tentative and subject to change.” Testnet and devnet have already activated the feature, according to the latest Foundation status page.
The size increase comes from SIMD-0296, while SIMD-0385 defines the v1 format. Jacob Creech and Andrew Fitzgerald co-authored both proposals.
The 4,096-byte ceiling was selected partly because four kilobytes matches a common memory-page size used by validator hardware. Larger transactions will also consume additional bandwidth, although the upgrade introduces no separate fee charged per byte.
Transaction v1 remains separate from Solana’s rent reductions, shorter slot targets and Alpenglow consensus redesign. In related coverage, crypto.news reported that Alpenglow targets approximately 150-millisecond finality, with October remaining a development target rather than a guaranteed activation date.
Willemstad, Curaçao, September 7th, 2026, PlayNewswire
1win is expanding its crypto offering by introducing USDC deposits and withdrawals via the Solana network and by participating in new Web3 community initiatives, including Sona’s fundraising campaign supporting emergency efforts in Nepal. The developments come as the company continues to broaden the role of digital assets across its products, with 1win Token also approaching its upcoming TGE.
1win users can now make both deposits and withdrawals in USDC via the Solana network, with the functionality available across all geographies currently serviced by the platform. The integration provides users with another option for moving stablecoins onto and off the platform while benefiting from Solana’s high-speed, low-cost infrastructure.
USDC deposits via Solana start at 5 USDC, while SOL deposits are available from approximately 0.0099353 SOL, equivalent to around $1 at the time the threshold was set. These are almost the lowest minimum deposit requirements currently available on 1win.
The update comes as 1win continues to develop its broader crypto offering. The company has also announced that 1win Token is set to launch on Solana, with further details on the upcoming TGE and listing to be shared through the project’s official channels, including the @1winToken account on X.
Alongside its latest crypto product updates, 1win has also joined a fundraising initiative launched by the Solana Foundation following the major flooding emergency in Nepal on August 26.
The campaign turned the profile picture of Solana’s official X account into a charity auction, divided into nine zones that companies and Web3 projects could bid on for logo placements. All funds raised through the initiative were directed toward emergency relief efforts in Nepal.
1win secured the Top Center placement with a $16,276 contribution, the second-largest donation made through the initiative. Overall, the auction raised $166,946.50 for relief efforts in Nepal. In parallel, 1win has supported relief efforts on the ground through separate donations to the charitable organization Mountain Heart Nepal.
The new payment option and participation in the Nepal initiative add to 1win’s expanding crypto activities, while further developments around 1win Token are expected to be announced closer to its TGE
About 1win
Founded in 2016, 1win is a global crypto entertainment platform operating across Asia, Latin America, and Africa. 1win offers a wide range of products adapted to regional audiences. The brand has active collaborations with international public figures, including football legend Luis Suarez. In 2026, 1win welcomed rapper Tyga, UFC legend Ilia Topuria, Olympic champion and UFC fighter Gable Steveson, and reggaeton star Nicky Jam as members of the 1win VIP community.
Willemstad, Curaçao, 7th September 2026, PlayNewswireBy playnewswire
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Willemstad, Curaçao, September 7th, 2026, PlayNewswire
1win is expanding its crypto offering by introducing USDC deposits and withdrawals via the Solana network and by participating in new Web3 community initiatives, including Sona’s fundraising campaign supporting emergency efforts in Nepal. The developments come as the company continues to broaden the role of digital assets across its products, with 1win Token also approaching its upcoming TGE.
1win users can now make both deposits and withdrawals in USDC via the Solana network, with the functionality available across all geographies currently serviced by the platform. The integration provides users with another option for moving stablecoins onto and off the platform while benefiting from Solana's high-speed, low-cost infrastructure.
USDC deposits via Solana start at 5 USDC, while SOL deposits are available from approximately 0.0099353 SOL, equivalent to around $1 at the time the threshold was set. These are almost the lowest minimum deposit requirements currently available on 1win.
The update comes as 1win continues to develop its broader crypto offering. The company has also announced that 1win Token is set to launch on Solana, with further details on the upcoming TGE and listing to be shared through the project’s official channels, including the @1winToken account on X.
Alongside its latest crypto product updates, 1win has also joined a fundraising initiative launched by the Solana Foundation following the major flooding emergency in Nepal on August 26.
The campaign turned the profile picture of Solana’s official X account into a charity auction, divided into nine zones that companies and Web3 projects could bid on for logo placements. All funds raised through the initiative were directed toward emergency relief efforts in Nepal.
1win secured the Top Center placement with a $16,276 contribution, the second-largest donation made through the initiative. Overall, the auction raised $166,946.50 for relief efforts in Nepal. In parallel, 1win has supported relief efforts on the ground through separate donations to the charitable organization Mountain Heart Nepal.
The new payment option and participation in the Nepal initiative add to 1win’s expanding crypto activities, while further developments around 1win Token are expected to be announced closer to its TGE
About 1win
Founded in 2016, 1win is a global crypto entertainment platform operating across Asia, Latin America, and Africa. 1win offers a wide range of products adapted to regional audiences. The brand has active collaborations with international public figures, including football legend Luis Suarez. In 2026, 1win welcomed rapper Tyga, UFC legend Ilia Topuria, Olympic champion and UFC fighter Gable Steveson, and reggaeton star Nicky Jam as members of the 1win VIP community.
Solana is back on top of the memecoin food chain, and it’s not particularly close.
For the week ending August 26, Solana commanded roughly 85% of combined memecoin trading volume across five major crypto ecosystems, pulling in $5.2 billion in weekly activity. That’s Solana’s highest memecoin volume since November 2025.
Robinhood Chain, the scrappy newcomer that briefly threatened Solana’s memecoin throne, managed $389 million during the same stretch. Solana processed more than 13 times Robinhood Chain’s memecoin volume in a single week.
How Robinhood Chain lost its momentum Robinhood Chain launched its mainnet on July 1, 2026, and came out swinging. The chain’s early days were dominated by memecoin activity, with the sector accounting for approximately 79% of its total DEX activity at launch.
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The initial surge was fueled partly by hype around Robinhood Chain’s tokenized-stock features and launchpad platforms like Pons, which drove speculative interest to the new chain. For a brief window in August, Robinhood Chain even led Solana in daily meme trading volumes on certain days.
Robinhood Chain’s memecoin volume of $389 million represented about 20.8% of its total spot volume for the week.
Solana’s infrastructure advantage Solana’s overall DEX volumes averaged $3.01 billion daily during this period, compared to Robinhood Chain’s $510.8 million.
Solana’s memecoin volume of $5.2 billion weekly represented about 25% of its total DEX volume, which sat around $21.2 billion for the week.
Tools like Pump.fun, Solana’s memecoin launchpad, give the chain a structural advantage. When traders want to create, discover, and trade new tokens, they gravitate toward the platform where the liquidity already lives.
The broader battle for speculative capital Robinhood Chain’s approach of blending tokenized stocks with memecoin speculation managed to pull genuine activity away from Solana, even if only temporarily. The daily fluctuations throughout the month, where Robinhood Chain occasionally grabbed the lead before losing it again, indicate that traders were willing to experiment but ultimately returned to where the deepest pools of liquidity sat.
For Solana, the August data showed that ecosystem maturity and infrastructure depth still matter: daily DEX volumes were nearly six times larger than Robinhood Chain’s, its memecoin tools remained the industry standard, and its user base proved remarkably loyal after reclaiming 85% market share.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
OpenAI’s Chief Scientist warns that AI is advancing too rapidly, saying “extreme caution” is needed now.
Insight: Beating AI News Flash — OpenAI Chief Scientist Jakub Pachocki warned that artificial intelligence is advancing too rapidly, growing increasingly difficult for humans to understand and control, stating that "extreme caution is needed now." He noted that AI models can already operate computers, collaborate with humans and other AIs, and conduct research, and that in the near future, they may achieve "recursive self-improvement" without human intervention. Pachocki expressed concern that no one is prepared for the consequences of the continuous rapid advancement of machine intelligence. Developers can align AI more closely with human interests, or slow down future research and development (R&D) if necessary. He anticipates and hopes that "voluntary slowdowns" in R&D by AI labs will become the norm before the industry establishes common safety standards. OpenAI has currently adopted a limited rollout approach for GPT-6 Astra due to its advanced cybersecurity capabilities.
Hunter Biden’s upcoming Meme coin project, set to launch on September 9, has released detailed tokenomics for its LAPTOP token on its official website. The LAPTOP token has a total supply of 1 billion units, with 35% (350 million tokens) unlocked at the Token Generation Event (TGE), and full unlocking will take 36 months. The token allocations are as follows: 30% to founders, 30% to prediction markets, 10% to initial airdrops, 10% to future airdrops, 10% to liquidity, 5% to the foundation treasury, and 5% to charity. Notably, the handling of the 30% total allocation will be determined by the settlement results of 30 Polymarket prediction markets covering political, crypto, and cultural categories. If a market settles to YES, the corresponding tokens will be burned directly; if settled to NO, they will be donated to charity.
16 minutes ago
The Hunter Biden-linked meme coin LAPTOP warns the community to beware of counterfeit tokens and malicious links.
Hunter Biden, son of former US President Joe Biden, is set to launch a meme coin called LAPTOP. The project team has issued a reminder to the community to beware of counterfeit tokens and malicious links, stating that the LAPTOP project will never proactively contact users, nor will it ever request private keys, mnemonic phrases, or personal information, urging users to only trust communications from official channels. As BlockBeats previously reported, after Hunter Biden officially announced the coin launch, numerous LAPTOP-named tokens emerged on various popular meme coin blockchains, with most of them following a trend of surging first and then plummeting to near-zero value.
16 minutes ago
Markets currently view the probability of the Republican Party securing a landslide victory in the midterm elections as low as just 11%.
According to data from Predict.fun, in its prediction market for the 2026 U.S. Midterm Elections, the current probability of a "Democratic landslide" is as high as 51%, the probability of Republicans winning the Senate and Democrats holding the House is currently reported at 35%, while the probability of a "Republican landslide" is only 11%.
16 minutes ago
Liquid's white hat hacker has returned 3,400 BTC, while approximately 600 BTC remains to be returned.
The "white hat hacker" who attacked the Liquid network and stole approximately 4,000 BTC has returned around 3,400 BTC to the Liquid Federation, with roughly 600 BTC still outstanding. The repayment stems from earlier on-chain communication, where the address claiming to be the white hat hacker stated it would return the stolen Bitcoin once Blockstream patched the vulnerability. The incident remains under active development. Notably, during prior discussions with Blockstream, the Liquid white hat hacker pledged to return "most" of the 4,000 BTC, not the full amount; the unreturned funds are likely intended as a bounty.
16 minutes ago
The Biden Meme coin has cooled the crypto market, with investors fearing it may repeat the same fate as the TRUMP Meme coin.
According to HTX market data, since Hunter Biden announced the launch of meme coin LAPTOP, Bitcoin has fallen approximately 0.7%, Ethereum has dropped around 0.85%, and SOL has declined about 1.17%. Several previously high-profile meme coins also saw declines: MEME fell 19%, PONS dropped 9%, BONER declined 17%, Basecat fell 10%, and ZCAT dropped 13%. Notably, this market reaction may stem from a "precedent". Trump’s TRUMP coin was launched on January 17, 2025. While it saw continuous gains on its launch day, sparking FOMO in the community, its price has since plummeted, leaving behind a "mess" for the crypto space and drawing criticism from mainstream media. Data shows Bitcoin hit a high of $103,000 on January 17, 2025, but fell roughly 25% over the subsequent 54 days. At that time, the Solana network was also in a meme coin boom, with an average daily trading volume of around $4.53 billion, and a single-day peak of $5.86 billion (its current 24-hour volume is approximately $1.915 billion). Some of the most popular meme coin projects at that time peaked either before the launch of TRUMP coin or in recent days, including the once-hot ai16z (market cap of $2.74 billion), FARTCOIN ($2.84 billion), GRIFFAIN ($640 million), and pippin (phase peak of $370 million), among others.
After watching from the sidelines while memecoin mania exploded on rival chains, Solana is fighting back. Led by $ZCAT, a memecoin paired with Zcash ($ZEC), and $STONK, the native token of Solana’s most diverse launchpad, Solana reclaimed the lead in 24hr spot DEX volume.
Amidst the mania, Stonk.fun flipped Pump and Hyperliquid in daily revenue, causing a dramatic rerating in value as its token roared to a $200M market cap.
With meme/stocks establishing themselves as the market’s dominant trend, will Pump embrace multi-pairing launches?
$ZCAT, $STONK Trigger MemeFi Explosion on Solana Solana’s memecoin economy just reminded the entire industry what it’s capable of. Having watched the degens enjoy 9-figure runners on rival networks, Solana’s meme markets roared back to life over the course of the weekend.
After briefly ceding pole position in daily DeFi spot volume rankings to Robinhood, Solana reclaimed the top spot as the home of onchain markets. Driven by overwhelming demand for $ZCAT, a memecoin airdropping $ZEC rewards to holders, Solana recorded over $2.7B in daily DEX volume to once again lead all chains.
With the animal spirits returning to Solana, memecoin traders found themselves sitting on astronomical unrealized gains. Certain wallets became overnight millionaires on tokens like $STONK and $ZCAT, which ripped over to all-time high valuations of $186M and $179M respectively.
Beyond bestowing tremendous wealth and green candles across Solana DeFi, the weekend’s resurgence also put Solana back in the running to reclaim its position as crypto’s favorite place to trade tokenized equities.
Having lost its long-held crown to Robinhood and BNB, Solana is once again competing for market share, capturing 32% of all tokenized equity trading volume.
Stonk.fun Flips Pump, Hyperliquid in Daily Revenue Offering the most diverse token pairings of all launchpads, Stonk.fun has briefly cemented itself as one of crypto’s most valuable applications. After a breakout day’s trading, Stonk.fun recorded over $1.5M in daily revenue, eclipsing industry kingpin’s like Hyperliquid and pump.fun.
While Stonk.fun’s volume has since cooled off, the platform continues burning its token supply at a breakneck pace. Allocating 60% of protocol revenue to buybacks and burns, stonk.fun burnt 0.6% of its total supply on Sunday, and is on track to burn another 0.3% today.
Meanwhile, the launchpad is evidently eager to continue exploring new pairing possibilities. While equities, commodities, and other crypto majors have proven extremely popular, social media interactions from emerging apps like World.xyz suggests Stonk.fun may be integrating tokenized prediction markets into its expanding platform.
Will Pump Enable Diverse Pairings? With Stonk.fun’s expansive range of token pairings attracting massive amounts of capital and activity, Solana’s memecoin traders are naturally wondering if rival launchpad pump.fun will follow suit.
6th Man Ventures MP and Pump.fun investor Mike Dudas seems to think that such an eventuality is extremely likely. Meanwhile, markets appear to be pricing in the prospect of pump.fun rolling out multi-pairings in the immediate future.
In the last 24 hours, $PUMP has gained 8.15%, while $STONK has lost around 35% of its value in the same timeframe, though the latter’s blistering run during the weekend means it was likely due some consolidation.
Read More on SolanaFloor Can the memecoin traders CTO a real company?
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Friday, Fomo created a surprise by surpassing Pump.fun in daily revenues with 1.76 million dollars against 1.1 million dollars for Pump.fun, according to DefiLlama. A media feat, but insufficient to eclipse Pump.fun’s dominance over the month which it crushes with 57 million dollars versus 17.6 million dollars. Yet, the crypto market seems indifferent because the PUMP token has risen by 7.8% in 24h! As if this news had no importance. A striking disconnect between the day’s figures and the reality of prices.
In brief Fomo generated 1.76 million dollars in revenue on Friday, ahead of Pump.fun which had 1.1 million dollars. Over 30 days, Pump.fun dominates with 57 million dollars compared to 17.6 million dollars. The PUMP token climbed 7.8% in 24h, with 147,000 holders. Pump.fun VS Fomo, the Revenue Duel with Supporting Figures Friday, Fomo overtook Pump.fun with 1.76 million dollars in revenue, against 1.1 million for its competitor. A performance that made headlines, but should not overshadow the abysmal gap over 30 days which is 57 million dollars for Pump.fun against 17.6 million for Fomo, according to DefiLlama. These figures remind us that crypto is a marathon, not a sprint. Yet, the media seized this ephemeral victory to make it a symbol. But investors, they, seem to look elsewhere. Why?
Because one day’s revenue does not reflect the health of an ecosystem. Pump.fun, despite its temporary defeat, remains a key player, with a solid base and massive adoption. Fomo, for its part, proves it can compete but will need to confirm in the long run. The question remains open. Will this performance be enough to convince PUMP holders to switch sides?
Who is Fomo, the Newcomer who Wants to Overshadow Pump.fun? Fomo is a social trading platform that bets on interactivity to attract crypto users. In June, it raised 75 million dollars in Series B, led by Index Ventures, for a valuation of 550 million dollars. Its approach is to allow users to see and replicate others’ trades, like on a social network. Result, 68,000 first crypto purchases via Apple Pay, for a volume of 25 million dollars. Good figures, but will they be enough to dethrone Pump.fun? Fomo bets on innovation and community engagement to differentiate itself. It remains to be seen if this strategy will pay off in the long term.
The Crypto Market doesn’t Care About Fomo’s Daily Ranking Here lies the real paradox. Fomo savors its brief victory over Pump.fun, but the PUMP token soars by 7.8% in 24h, with 147,000 holders. Is the crypto market right to ignore the press headlines? Or do crypto investors see beyond the day’s figures? One thing is certain, between platform revenues and token performance, the correlation is far from obvious.
The PUMP token seems to follow its own logic, indifferent to media battles. Token holders may have understood that one day’s revenue does not make a trend. Or they might simply be betting on Pump.fun’s resilience, despite its ups and downs. In any case, the market sends a clear message. One day’s fundamentals do not dictate crypto prices. And if the press gets excited for a duel, investors keep their feet on the ground.
Takeaways from the Rivalry Between Fomo and Pump.fun Fomo surpassed Pump.fun for only one day in revenue, but remains far behind over 30 days. PUMP climbed 7.8% despite its platform’s defeat. The crypto market ignores occasional performances in favor of a long-term vision. Fomo won a battle, but Pump.fun definitely remains the king. And PUMP, seems to have already turned the page. The crypto market, indeed, has its own rules.
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Eddy S.
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.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
TLDR Solana plans to raise its maximum transaction size from 1,232 bytes to 4,096 bytes on Wednesday. The upgrade will allow some complex Solana transactions to be completed in one operation instead of several. Transaction v1 is already active on Solana’s test and development networks. Existing transaction formats will remain supported, so wallets and apps do not need to switch immediately. Larger transactions can support cryptographic proofs, multi-approval payments, and some confidential transfers. Solana is preparing to raise its maximum transaction size from 1,232 bytes to 4,096 bytes on Wednesday. The change will give developers more room to place instructions inside Solana transactions while keeping older transaction formats active.
The upgrade uses Transaction v1, which is already running on Solana’s test and development networks. Developers can continue using existing formats unless an application needs the larger transaction limit across the network.
Solana Transactions Get More Space The higher limit allows some operations that once required several transactions to run as one. These can include large cryptographic proofs, multi-approval payments, and some confidential transfers.
Solana previously limited every transaction to 1,232 bytes. Ethereum does not use the same fixed protocol limit, giving developers more room for data-heavy operations when they pay the required fees.
Software Providers Need Updates The change also affects services that read Solana blocks and transaction data. These systems must support Transaction v1, or requests may fail when they encounter the new format.
Some providers must also update how they read priority-fee data. Transaction v1 stores this information in a different location. Older software may therefore report a zero priority fee even when a user paid one.
Wallets, explorers, and trading applications often depend on these services. Incorrect backend data can therefore produce inaccurate transaction details on user-facing platforms.
Larger Transactions Raise Bandwidth Use Bigger Solana transactions will require more network bandwidth. Developers expect users may need to pay higher priority fees when large transactions compete for limited processing space.
The upgrade does not add a new fee based on transaction size. Priority fees will remain optional and will continue to depend on network demand and transaction processing needs.
Solana’s original 1,232-byte ceiling came from a networking design that required transactions to fit inside an internet data packet of about 1,280 bytes.
Proposals Define New Transaction Limit Solana changed its transaction traffic system in 2022, reducing the need for the older cap. The new 4,096-byte limit matches a common four-kilobyte memory-page size used by validator hardware.
SIMD-0296 and SIMD-0385 define the change. Jacob Creech and Andrew Fitzgerald co-authored the proposals. The transaction upgrade remains separate from recent Solana governance votes involving SOL issuance and fee-related supply changes.
$DOGE Arrives on Solana via SunriseDogecoin ($DOGE) is now live on @Solana through the @sunrise protocol, marking another milestone in the push to bring major non-native assets into Solana's high-performance ecosystem. The integration allows users to hold and transact native $DOGE directly within leading Solana wallets, including @phantom, @solflare, and @Backpack, without the complexity of traditional cross-chain bridging.
Sunrise is a liquidity gateway built by Wormhole Labs, the firm behind the Wormhole cross-chain protocol. Wormhole Labs launched Sunrise as a liquidity gateway focused exclusively on the Solana ecosystem, pitching it as a "canonical route" for external assets to enter Solana with day-one liquidity through a single interface. Under the hood, the platform uses Wormhole's Native Token Transfers (NTT) infrastructure, which allows tokens to retain their utility and fungibility across chains without relying on traditional liquidity pools that can be vulnerable to hacks or slippage.
Sunrise's approach is built around three pillars: one canonical version per asset, immediate liquidity from launch day, and streamlined distribution across a chain's application ecosystem. Rather than listing a token and hoping liquidity materializes organically, the platform coordinates with DEXs and wallets ahead of time so the asset is usable from the moment it goes live.
Deep Liquidity Across Solana's DeFi StackThe $DOGE rollout on Solana secures immediate liquidity access through top-tier decentralized exchanges and aggregators, including @JupiterExchange, @Raydium, and @kamino_swap. This mirrors Sunrise's established model: the platform has previously launched Solana-native versions of MEGA, HYPE, AVAX, and MON. Assets listed via Sunrise have collectively generated over $500 million in trading volume on Solana over a 30-day period as of April 2026.
The broader context is a Solana ecosystem that has been actively pulling in assets from other chains. "Solana's vision for internet capital markets means being the platform on which users can engage with any asset, including crypto assets that aren't originated on Solana," said Kuleen Nimkar, growth lead at the Solana Foundation. For $DOGE, one of the most widely held tokens in crypto, the Solana listing opens a new avenue for utility and trading activity beyond its native proof-of-work chain.
Sources:
The Block: Wormhole Labs unveils Sunrise gateway to bring assets to Solana
Crypto Briefing: Sunrise lists ARB token on Solana via Wormhole NTT
CoinDesk: Wormhole Labs Debuts Sunrise to Streamline Solana Token Imports
Solana plans to increase its maximum transaction size from 1,232 bytes to 4,096 bytes on Wednesday. The change is set to give developers more flexibility when designing transactions, while legacy formats will remain supported across the network.
Expanded transaction capacityThe larger limit aims to enable certain complex activities—including larger cryptographic proofs, multi-approval payments, and some confidential transfers—to be completed in a single Solana transaction rather than requiring several. Solana previously capped transaction size at 1,232 bytes, mainly due to legacy network constraints that required transactions to fit within a typical 1,280-byte internet packet.
Ethereum, another leading blockchain network, does not enforce a fixed transaction size. Instead, Ethereum users can include larger amounts of data when paying the necessary fees. Solana’s move brings its processing ability closer to that of data-flexible blockchains, potentially attracting more advanced developers and enterprise use cases.
BlockchainPrevious Transaction Size LimitNew Transaction Size LimitTransaction Size FlexibilitySolana1,232 bytes4,096 bytesFixed, but increasedEthereumVariable, by feeVariable, by feeFlexible, based on feeTechnical upgrade and developer impactThe upgrade—known as Transaction v1—has been active on Solana’s development and test networks. Developers will be able to use either the new, larger transaction format or continue with current formats unless a given application requires the larger capacity.
The Solana Foundation, the nonprofit supporting Solana blockchain, stated that this change is backward compatible. Wallets and applications that do not require the larger limit do not need to update immediately, although some backend services and blockchain data providers must add support for Transaction v1 to ensure stability across the ecosystem.
Solana has implemented Transaction v1 in test environments to prepare for the rollout. Existing transaction formats will still work, allowing for a gradual transition for app developers and service providers.
Systems that read Solana blocks and transaction data must recognize the new format; otherwise, requests might fail. Priority fee information is also stored in a different section for Transaction v1, raising the need for updates in some data providers to maintain correct reporting.
Incorrect processing of transaction data can lead to user-facing platforms such as wallets, blockchain explorers, and trading apps displaying inaccurate details, a situation Solana’s engineering team advises service providers to avoid by upgrading promptly.
Mini dictionary: Solana Foundation, a nonprofit organization supporting the growth, development, and adoption of the Solana blockchain ecosystem through grants, education, and community resources.
Network effects and fee structureAllowing bigger transactions is expected to increase network bandwidth use. With multiple large transactions competing for limited network resources, some users may have to pay higher priority fees to ensure timely processing. However, no additional fee based on transaction size is being introduced at this stage. Priority fees will remain optional and continue to depend on network demand and processing needs.
The decision to lift the size cap follows Solana’s transaction traffic system overhaul in 2022. The updated 4,096-byte threshold aligns with a standard four-kilobyte memory page widely used in validator hardware, offering technical consistency and potential performance improvements.
Governance and proposalsSolana’s community and technical leadership coordinated on this upgrade through formal proposals. The change is defined by two proposals, SIMD-0296 and SIMD-0385, co-authored by Jacob Creech and engineer Andrew Fitzgerald, who both serve in technical roles at Solana.
These proposals are separate from recent governance votes, including those regarding SOL issuance and changes to the network’s fee or supply mechanisms.
According to HTX market data, since Hunter Biden announced the launch of meme coin LAPTOP, Bitcoin has fallen approximately 0.7%, Ethereum has dropped around 0.85%, and SOL has declined about 1.17%. Several previously high-profile meme coins also saw declines: MEME fell 19%, PONS dropped 9%, BONER declined 17%, Basecat fell 10%, and ZCAT dropped 13%. Notably, this market reaction may stem from a "precedent". Trump’s TRUMP coin was launched on January 17, 2025. While it saw continuous gains on its launch day, sparking FOMO in the community, its price has since plummeted, leaving behind a "mess" for the crypto space and drawing criticism from mainstream media. Data shows Bitcoin hit a high of $103,000 on January 17, 2025, but fell roughly 25% over the subsequent 54 days. At that time, the Solana network was also in a meme coin boom, with an average daily trading volume of around $4.53 billion, and a single-day peak of $5.86 billion (its current 24-hour volume is approximately $1.915 billion). Some of the most popular meme coin projects at that time peaked either before the launch of TRUMP coin or in recent days, including the once-hot ai16z (market cap of $2.74 billion), FARTCOIN ($2.84 billion), GRIFFAIN ($640 million), and pippin (phase peak of $370 million), among others.
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Solana just quietly climbed into the top four platforms for Zcash spot trading volume, processing roughly $64 million in ZEC trades over a 24-hour period. That puts a decentralized ecosystem in the same conversation as Binance, Coinbase, and Kraken, three of the largest centralized exchanges on the planet.
The figure represents a 220% jump from prior metrics and gives Solana about a 5.35% share of global ZEC spot trading.
How Solana stacks up The leaderboard for ZEC spot volume tells an interesting story. Binance sits at the top with $481.6 million. Coinbase follows at $281.8 million, then Kraken at $124.2 million.
Solana’s $64 million sits in fourth place. That bridged ZEC on Solana carries a reported tokenized value of $112.8 million. Cross-chain infrastructure like OmniBridge has been the plumbing behind this growth, funneling Zcash liquidity into Solana’s DEX ecosystem. Platforms like Raydium and Orca have absorbed most of this trading activity, with cumulative DEX volumes for ZEC-related assets reportedly exceeding hundreds of millions over recent periods.
One ZEC variant on Solana showed a 36.83% change over 24 hours.
The privacy token tailwind This surge didn’t happen in a vacuum. Grayscale launched a spot ZEC exchange-traded product, giving traditional finance an easier entry point into the privacy coin.
Zcash uses zero-knowledge proofs to offer optional privacy on transactions. The Grayscale product essentially validated ZEC’s staying power for a segment of investors who needed a regulated wrapper before allocating capital.
What Solana’s rise means for DeFi privacy The risk is that bridged assets carry their own set of vulnerabilities. Cross-chain bridges have been the single largest attack surface in DeFi over the past few years, responsible for billions in losses. Every dollar of wrapped ZEC on Solana depends on the security of the bridge that created it. A $112.8 million tokenized value sitting on bridge infrastructure is a meaningful honeypot.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Dogecoin, the internet’s favorite canine-themed crypto, has arrived on Solana. Through Wormhole’s Native Token Transfers framework and a new liquidity gateway called Sunrise, DOGE is now accessible on Solana natively, meaning the token keeps its original properties rather than becoming a synthetic stand-in wrapped in someone else’s smart contract.
The integration, which went live on May 23, 2025, covers the complete circulating supply of DOGE, a figure valued at roughly $35 billion. That makes it one of the largest single-asset cross-chain transfers in crypto history.
What NTT actually does differently The traditional approach to bringing a token from one chain to another is wrapping: you lock the original asset somewhere, mint a synthetic version on the destination chain, and hope the peg holds. It works, mostly, but it fragments liquidity and strips token issuers of control over their own asset’s metadata and supply rules.
Wormhole’s Native Token Transfers framework takes a different path. Rather than creating a wrapped copy, NTT moves the actual token representation natively, using zero-knowledge proofs to verify the transfer while preserving the issuer’s authority over things like supply policy and token metadata. The DOGE you hold on Solana after an NTT transfer is, for all practical purposes, still DOGE under the same rules, not a derivative of it.
Wormhole has facilitated over $11.5 billion in total inflows to Solana and currently supports more than 40 blockchains. The DOGE integration is the highest-profile deployment of the NTT framework to date.
Sunrise: Solana’s canonical front door for outside assets The project sitting on top of the NTT plumbing is Sunrise, a liquidity gateway incubated by Wormhole Labs and publicly launched on November 23, 2025. Without something like Sunrise, the same asset can arrive on Solana through multiple bridges, each minting its own version, which creates fragmented liquidity pools and pricing chaos. Sunrise assigns a unified mint address to each incoming asset, so there is one DOGE on Solana, not four slightly different ones traded in separate pools.
The first token listed on Sunrise at launch was MON, the token from the Monad ecosystem. Arbitrum’s ARB token joined as of September 2026. Sunrise-listed assets have already generated hundreds of millions in trading volume, according to Wormhole’s data.
Why this matters for both ecosystems For Solana, the DOGE integration via Sunrise is a liquidity story as much as a technical one. Solana has been positioning itself as the high-performance home for serious trading activity, and pulling a $35 billion market cap asset into its native ecosystem is a meaningful step toward that goal.
For DOGE, the calculus is different. Dogecoin lives on its own proof-of-work chain, which is secure but not exactly known for its DeFi ecosystem. Bringing DOGE to Solana opens the token to lending protocols, automated market makers, on-chain options, and more, without changing DOGE’s base-layer properties.
The risks are not zero. Cross-chain infrastructure, however well-designed, introduces complexity, and the concentration of large asset flows through a single canonical gateway creates an attractive target. What happens to Solana’s DOGE liquidity if Sunrise encounters a protocol-level problem is a question worth asking before allocating seriously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The hacker behind the third wave of Coldcard hardware wallet exploits has started cashing out, routing approximately 97.09 BTC, worth about $7.8 million, through cross-chain swaps and mixing services over a five-day window. Galaxy Research flagged the movement on September 7, noting it represents roughly 45% of the Wave 3 stolen funds.
The funds first hit THORChain on September 2, where they were swapped into Ether. By September 5 and 6, additional portions had been run through CoinJoin transactions, a Bitcoin privacy technique that bundles multiple users’ transactions together to obscure the trail. The attacker appears to be working through the largest vaults first, a prioritization strategy that suggests deliberate planning rather than panicked liquidation.
A firmware flaw five years in the making A firmware update shipped by Coinkite in March 2021 (version 4.0.1 onward) introduced a bug that caused Coldcard devices, primarily the Mk3 and later models, to default to a software-based pseudo-random number generator when creating wallet seeds. The hardware random number generator was effectively bypassed.
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The result: seeds generated with only 40 to 72 bits of effective entropy. For context, modern cryptographic standards typically call for 128 to 256 bits. Skilled attackers could reconstruct private keys entirely offline through brute-force computation.
Coinkite eventually patched the firmware, but any wallet seed generated during the vulnerable window remains compromised regardless of whether the device itself has been updated. The company has urged affected users to generate entirely new seeds and migrate their funds.
The full scope: 1,789 BTC across 8,865 addresses Galaxy Research, led by analyst Alex Thorn, has been tracking the Coldcard exploit chain since the attacks began on July 30, 2026. Total confirmed losses stand at approximately 1,789 BTC, valued at around $114.7 million at the time of theft. More than 8,865 addresses have been affected, with the median victim losing more than 1 BTC. An additional cluster of 58 addresses has been identified that could push total losses to roughly 1,806 BTC.
The attacks came in waves. The first wave alone extracted 1,082.65 BTC in just 41 minutes, a staggering pace that points to automated scripts scanning the blockchain for weak keys. Galaxy’s research suggests at least 15 different attackers were involved across the waves, which ran from July 30 through August 6. Activity dropped sharply after that.
Of the total haul, 82% of stolen Bitcoin remains sitting in attacker-controlled wallets. Only 18% has shown movement consistent with laundering. Galaxy’s team has engaged directly with over 190 victims and shared identified attacker addresses with law enforcement agencies and industry partners.
THORChain’s uncomfortable spotlight The attacker’s choice of THORChain as a laundering vehicle is notable but not surprising. The decentralized cross-chain liquidity protocol enables swaps between native assets on different blockchains without requiring a centralized intermediary. THORChain’s permissionless architecture means it can’t freeze or reverse transactions the way a centralized exchange can.
The subsequent use of CoinJoin adds another layer of obfuscation. By mixing the converted funds with legitimate Bitcoin transactions, the attacker makes chain analysis significantly harder, though not impossible. Firms like Chainalysis and Elliptic have developed increasingly sophisticated tools for de-mixing CoinJoin outputs, and law enforcement has successfully traced CoinJoin-laundered funds in prior cases.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The individual responsible for the third wave of the Coldcard wallet hack has transferred around 45% of the stolen Bitcoin, according to Galaxy Research. The funds have been routed through THORChain as well as CoinJoin transactions in an effort to obfuscate their origins.
Large-scale movements tracedOn September 2, Galaxy Research reported that the hacker began moving Bitcoin through THORChain to swap into Ethereum, marking a significant step in laundering the stolen assets. The most recent activity involved sending funds into CoinJoin rounds, which aggregate payments from multiple users within a single transaction to mask individual sources.
The research team found that the exploiter established 293 two-of-two multisignature vaults to store the illicitly acquired Bitcoin. The hacker has been systematically draining the funds, starting from the largest vaults and proceeding in descending order by size. So far, withdrawals from the 11 biggest vaults have been completed.
These transfers enabled Galaxy Research to spot a previously unidentified vault that appeared to contain assets from another Coldcard wallet victim. However, the circumstances leading to this loss have not yet been verified.
Ongoing laundering effortsGalaxy Research calculated that 82% of all Bitcoin stolen across the Coldcard wallet exploit waves is still parked in addresses believed to be under attacker control. The remaining 18% has been moved, likely as part of ongoing attempts to launder the proceeds and further complicate tracking efforts.
Galaxy identified systematic fund movements from sizable multisignature vaults, and noted the use of protocols like CoinJoin and THORChain to layer transactions and increase privacy while dispersing the stolen Bitcoin.
The Coldcard exploit now stands as the third-largest crypto attack so far in 2026, as indicated by data from DefiLlama. Only the $293 million Kelp DAO breach and the $280 million Drift protocol incident eclipsed the Coldcard case in scale this year.
Security landscape and investor toolsIncidents like the Coldcard breach highlight the need for vigilant monitoring of digital asset flows and market events. Sudden protocol exploits and high-profile listings can trigger market shifts within seconds, impacting users and liquidity. In this fast-moving environment, investors can be at a disadvantage if forced to switch between multiple apps for charts, news, or portfolio updates.
Seeking to address these challenges, many traders are turning to privacy-oriented platforms such as CryptoAppsy, which streamline all essential features. With instant access to real-time charts, price notifications, token-specific news, and macroeconomic data—all without requiring account creation—traders can respond faster to developments that may affect their holdings or risk exposure.
Galaxy Research said attackers in the third wave of Coldcard hardware wallet breaches have recently transferred 97.09 BTC, worth roughly $7.7 million at current prices, accounting for about 45% of the Bitcoin stolen in this wave. Among these funds, on September 2, attackers transferred approximately 20.5 BTC across chains to Ethereum via THORChain; they then moved some of the funds into the CoinJoin mixing process to make tracing the assets more difficult. To date, 11 of the 293 2-of-2 multisig addresses set up by attackers during the third wave have been emptied. According to reports, the Coldcard security incident stems from a firmware vulnerability introduced in 2021, which drastically reduced the randomness of the wallet's mnemonic phrase generation, allowing attackers to reconstruct private keys offline and steal funds. As of now, roughly 82% of all Bitcoin stolen in the entire Coldcard attack remains untransferred. Galaxy Research estimates that if newly identified suspected victim addresses are included in the count, the total amount of stolen BTC could reach around 1,806 coins, worth approximately $144 million.
Sandwich attacks are a form of maximal extractable value (MEV) and a persistent cost for DEX traders. Between November 2024 and October 2025, they extracted an estimated $60 million from Ethereum users across 60,000 to 90,000 attacks per month.
THORChain addresses this through an alternative execution model designed to make these attacks unprofitable. Let’s explore how MEV works and how THORChain prevents it.
What Is a Sandwich Attack?A sandwich attack is a strategy where a bot pays to place one trade immediately before a user's swap and another immediately after it, capturing the price movement the user's own trade creates.
When a trader submits a transaction on a chain like Ethereum, it enters a public waiting area called a mempool. Block builders then select which transactions to include and determine their order within the block.
Because pending transactions can be seen before they're executed, bots can identify large swaps that are likely to move an asset's price. This lets them pay block builders to position their own transactions before (front-running) or after (back-running) the trader's swap, and profit from the resulting price movement.
Front-running occurs when an attacker identifies a pending transaction and submits another one with a higher gas fee, ensuring it's processed first. The attacker aims to benefit from the price movement the original transaction is expected to create.
Back-running occurs when an attacker places a transaction immediately after a large trade. By anticipating how the first transaction will affect the market price, the attacker can trade on the resulting movement.
A sandwich attack combines both strategies. The bot first buys the asset ahead of the user’s transaction, pushing the price higher before the user’s swap executes. The user then trades at a worse price and receives fewer tokens than expected (the loss), while the swap itself creates additional buying pressure and pushes the price up further. The bot immediately sells at the higher price, capturing the difference between its entry and exit prices and extracting value from the user’s trade.
The user doesn't usually see this extraction as a separate fee: tt shows up as worse execution and greater slippage instead while the bot's profit comes directly from the additional price impact imposed on the user.
Example: A pool holds 100 ETH and 350,000 USDC, pricing ETH at 3,500 USDC. A bot spots a pending 10,000 USDC buy and purchases 0.5 ETH for about 1,759 USDC, pushing the price to roughly 3,535 USDC. The user’s swap then returns about 2.75 ETH instead of 2.78 ETH without the attack. After the user’s trade pushes the price higher, the bot sells its 0.5 ETH back for about 1,860 USDC, earning roughly 101 USDC.
Why THORChain Prevents Sandwich AttacksOn THORChain, swaps do not execute based on who pays the most to go first. Every trade goes through the Advanced Swap Queue, which orders swaps by price impact. In simple terms, the trade that moves the pool the most gets priority. That completely changes the economics of a sandwich attack.
When executing a swap on THORChain, fees depend on three parameters: the size of the swap (x), the size of the source pool (X), and the size of the destination pool (Y). While the formula may look complex to non-technical users, the principle is simple: the larger the swap relative to the available liquidity, the higher the fee.
This creates a built-in cost for an attacker. To gain priority over a user, the attacker must submit a trade with greater price impact, which generally means committing more capital and paying a higher fee. For large trades, the capital required can become significant (several millions). For smaller trades, the cost of the attack can quickly exceed the value available to extract. And a simple mathematical simulation can demonstrate the effect.
The example below compares a sandwich attack under a fixed 0.3% fee model with THORChain's slip fee model. The attacker swaps 1,001 RUNE for 8,271.22 ASSET. After the user's transaction executes, the attacker swaps the 8,271.22 ASSET back and receives only 972.48 RUNE, closing the sandwich with a 28.52 RUNE loss. The result is independent of pool size: under the slip fee model, the combined cost of the attacker's entry and exit trades exceeds the value made available by the transaction in between.
Importantly, THORChain's introduction of a minimum fees (L1SlipMinBps) doesn't change this. It only adjusts the minimum fee collected, while swap priority still depends on the trade's size relative to the pool and the (theoretical) slip-based fee generated.
https://x.com/THORChain/status/1504255731444649985ConclusionSandwich attacks rely on the ability to pay for transaction priority. THORChain removes that advantage by tying execution priority to price impact and fees to trade size relative to available liquidity.
That changes the economics entirely: getting ahead of a user requires a larger, more expensive trade, while the attacker's entry and exit both incur slip-based costs, making sandwich attacks economically unviable.
In the end, this design benefits swappers by protecting them from the value extraction that can occur on other DEXs and chains.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu is gaining a stronger foothold in Japan amid a new regulatory framework that could eventually pave the way for crypto exchange-traded funds in the country.
Japan already has a massive ETF market, but it has yet to launch a cryptocurrency ETF. That could change after a major regulatory shift that moved crypto assets closer to the framework governing traditional financial markets.
According to longtime Shiba Inu community member Mazrael, on July 15, 2026, Japan's National Diet (its national legislature) moved crypto under the FIEA, the same law as stocks, opening a door for a crypto ETF in the country.
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Japan has a massive ETF market, just no crypto ETF yet.
The door did open though: on July 15 the Diet moved crypto under the FIEA, the same law as stocks.
That's the reclassification an ETF needs. FSA rulemaking still has to happen, so first listings are 2027 at the earliest… pic.twitter.com/4VSzyIfIw5
— Mazrael.shib (@Mazrael_shib) September 7, 2026 Japan reclassified cryptocurrencies as financial instruments, a structural shift that establishes the legal framework for separate taxation of crypto assets and for future crypto exchange-traded funds (ETFs). Mazrael noted that this is the reclassification an ETF needs, with a potential crypto ETF listing on the Tokyo Stock Exchange around 2027.
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Mazrael added that Japan's Financial Services Agency (FSA) rulemaking still has to happen, with first listings likely for 2027 at the earliest and Bitcoin going first.
Shiba Inu also stands a chance given its inclusion on the Green List. In November 2025, the Japan Virtual and Crypto Assets Exchange Association (JVCEA) included Shiba Inu (SHIB) on its regulatory "Green List" along with BTC and ETH.
Mercari, Japan's largest marketplace with 23 million users, also listed Shiba Inu in June 2026.
SHIB gains head startMazrael summarized these developments, which give SHIB a head start in Japan's ETF race: "The Green List. Needed 8+ licensed JP exchanges when the bar is 3. Same tier as BTC and ETH, and gains drop from up to 55% tax to a flat 20%. Plus Mercari lists SHIB to 23 million users. 4 million crypto accounts there now, 85% opened by people who never traded before."
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He noted that eligibility remains the hard part, representing a hurdle for most crypto assets. "Eligibility first, ETF later," Mazrael stated.
As reported, Mazrael said that while SHIB does not have a dedicated spot ETF yet in the US, it remains "well on track," citing several developments including a European exchange-traded product, regulated access in Japan, and newly available futures exposure in Canada.
Japan’s changing crypto framework has strengthened Shiba Inu’s position in the country, but as of September 7 no regulator, exchange or asset manager has filed for or approved a Japanese SHIB exchange-traded fund.
Summary
Japan’s parliament passed crypto-market legislation July 15, but regulators approved no Shiba Inu exchange-traded fund. The amended framework moves crypto oversight toward FIEA rules covering disclosures, trading conduct and intermediaries. Japan promulgated the legislation July 23, with detailed implementation rules still requiring regulatory development afterward. JVCEA’s Green List includes SHIB, which nine member exchanges handled as of September 1, 2026. Mercari added SHIB trading through Coincheck on June 8, expanding access inside its mobile application. Japan’s parliament passed legislation on July 15 that brings crypto assets closer to the regulatory system used for financial products. The official legislative record shows that the upper house approved the bill that day. The government promulgated it as Law No. 64 on July 23.
The legislation strengthens disclosure, trading and intermediary rules under the Financial Instruments and Exchange Act. It provides a possible legal foundation for regulated crypto funds. However, it does not approve an ETF for Bitcoin, Shiba Inu or any other individual asset.
The distinction matters because an ETF also requires detailed regulations, an eligible structure, an asset manager, an exchange listing process and regulatory clearance. None of those steps has been announced for SHIB.
Shiba Inu’s Green List status covers exchange reviews Shiba Inu does appear on the Japan Virtual and Crypto Assets Exchange Association’s official Green List. The list identifies crypto assets that are widely handled by the association’s Japanese members and satisfy four stated conditions.
Those conditions include handling by at least three member companies and a trading history of at least six months. The asset must also have no special conditions imposed by the association or another reason making its inclusion unsuitable.
The September 1 list shows nine member companies handling SHIB. That compares with 29 for Bitcoin, 28 for Ether and 19 for XRP. Green List inclusion can simplify parts of an exchange’s review process, but it does not create automatic ETF eligibility.
A community commentator described the designation as giving SHIB a “head start.” That remains an interpretation rather than a conclusion published by the Financial Services Agency or JVCEA.
Japan has a massive ETF market, just no crypto ETF yet.
The door did open though: on July 15 the Diet moved crypto under the FIEA, the same law as stocks.
That's the reclassification an ETF needs. FSA rulemaking still has to happen, so first listings are 2027 at the earliest… pic.twitter.com/4VSzyIfIw5
— Mazrael.shib (@Mazrael_shib) September 7, 2026 Mercari expanded retail access to SHIB in June Mercari subsidiary Mercoin officially added access to SHIB and 11 other assets on June 8. The service allows eligible customers to trade the assets with Coincheck through the Mercari application, according to the company’s announcement.
Mercoin said its crypto service had passed four million cumulative account openings by March 2026. About 90% of surveyed users had no previous crypto-trading experience, although that figure covers Mercoin’s broader customer base rather than SHIB buyers specifically.
The integration therefore expands SHIB’s retail availability in Japan. It does not mean Mercari has issued an investment fund, applied for an ETF or endorsed a future SHIB product.
Japan still needs ETF and tax implementation rules Japan’s legislation advances a regulatory process that began with Financial Services Agency discussions about moving crypto toward securities-style oversight. As crypto.news previously reported, earlier policy discussions focused primarily on Bitcoin and Ether as potential initial ETF assets.
A Japanese SHIB ETF would require an identifiable sponsor to submit a product, regulators to establish listing and custody requirements, and an exchange to accept the fund. No such application appears in the official materials reviewed for this report.
Tax reform also remains incomplete. In related coverage, crypto.news reported that the proposed 20% separate tax rate is targeted for 2028. It is not currently available merely because an asset appears on the Green List.
The next confirmed step is regulatory implementation of the amended legislation. Claims that Japanese crypto ETFs could arrive in 2027 remain forecasts. SHIB has gained broader regulated exchange access, but its ETF prospects remain unconfirmed.
Meanwhile, SHIB traded at $0.0000055 at press time, indicating a 8% increase in in the past 7 days and 17% in the past month.
Japan is moving closer to launching cryptocurrency exchange-traded funds (ETFs) following a significant shift in regulatory policy, which now places digital assets under the same legal framework as traditional financial instruments.
Crypto classified as financial instrumentsOn July 15, 2026, Japan’s National Diet passed legislation to reclassify cryptocurrencies as financial instruments under the Financial Instruments and Exchange Act (FIEA). This transition means that digital assets are now subject to the same laws and oversight as stocks, a move considered foundational for further integration into established financial markets.
Industry observers highlighted that the adjustment not only clarifies the legal standing of cryptocurrencies but also establishes mechanisms for separate taxation of these assets. Market sources expect this classification to set the groundwork for launching crypto ETFs in Japan, with the Tokyo Stock Exchange potentially listing such products as early as 2027.
Path to listing and regulatory hurdlesAlthough the FIEA reclassification represents a milestone, final approval for crypto ETFs will require rulemaking by Japan’s Financial Services Agency (FSA). Analysts anticipate that the earliest exchange listings would be in 2027, with Bitcoin likely to lead those initial offerings.
Shiba Inu (SHIB) has also emerged as a contender in Japan’s evolving crypto ETF landscape. The coin earned a spot on the Japan Virtual and Crypto Assets Exchange Association’s (JVCEA) Green List in November 2025, joining Bitcoin and Ethereum. This designation highlights SHIB’s regulatory status and could be instrumental for eligibility in future ETF products.
In June 2026, Mercari, Japan’s largest marketplace with 23 million users, began supporting SHIB, boosting the coin’s exposure within the country’s retail investor base.
Shiba Inu’s momentum and market accessMazrael, a longstanding Shiba Inu community participant, detailed the factors contributing to SHIB’s strengthened foothold in Japan. He pointed out that the Green List required listing on eight or more licensed Japanese exchanges, whereas the standard threshold is three, placing SHIB on the same tier as Bitcoin and Ethereum. He also emphasized the tax changes: capital gains on SHIB are now taxed at a flat rate of 20%, down from previous rates of up to 55%.
The Green List, the requirement for eight licensed exchanges when the bar is three, and recognition alongside BTC and ETH marks a turning point for SHIB. The drop from up to 55% tax to a flat 20%, plus Mercari listing SHIB for 23 million users, positions it favorably, with 4 million crypto accounts now open—85% belonging to new traders.
Mazrael also underscored that meeting eligibility criteria remains a crucial step before ETF consideration, describing it as the most significant barrier for most crypto assets.
Eligibility first, ETF later, remains the critical hurdle for digital assets seeking broader financial integration in Japan.
Global advances and tokenized asset trendsSHIB has not yet secured a spot ETF in the United States. However, the asset’s progress in global markets continues, with European exchange-traded products and regulated exposure in Japan already established, as well as newly introduced futures access in Canada.
As digital assets align more closely with traditional finance structures, a significant transformation is underway. In recent months, Wall Street has accelerated its move into Web3. Investors are increasingly opting for platforms like 1stepSwap, which enables them to hold shares of major US firms, gold, and silver within their crypto wallets. Through the tokenization of Real-World Assets and rapid price discovery, these solutions are eliminating traditional financial intermediaries from the investment process.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
After a robust recovery from its August lows, Shiba Inu is getting close to a crucial resistance zone, but exchange activity indicates that the rally may soon encounter significantly more selling pressure. During the most recent 24-hour period, SHIB recorded total exchange inflows of about 168.18 billion tokens.
Exchange flows turn uglyWhile the mean exchange inflow reached roughly 733.61 million SHIB, inflow activity increased by 0.83%. About 3.53 billion tokens were in the ten biggest deposits alone. Since tokens placed on trading platforms are instantly available for sale, exchange deposits are typically significant.
SHIB/USDT Chart by TradingViewAlthough the current increase occurs at a problematic technical moment for SHIB, it is not severe enough to confirm a large-scale distribution event. After making a significant comeback from the $0.0000044–$0.0000045 range, the token is currently trading at around $0.00000552.
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The 50-day moving average near $0.00000515 and the 100-day moving average around $0.00000503 have both been reclaimed by SHIB. That framework continues to be supportive. The 200-day moving average, however, is currently directly above the market at roughly $0.00000568.
Shiba Inu's late stage chapterAdditionally, SHIB was unable to hold onto the strong late-August move that momentarily pushed it closer to $0.0000059, putting the current recovery beneath significant long-term resistance.
Momentum does not yet indicate a clear breakout, but it does support additional upside. SHIB is in bullish territory without reaching overbought conditions, as the daily RSI is close to 60, above its moving average of 56. An important counterargument is also found in the exchange data.
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The total outflows exceeded the inflows of 168.18 billion SHIB, totaling about 208.98 billion SHIB. As a result, netflow is currently negative at 26.64 billion SHIB, and exchange reserves have slightly decreased by 0.03%. Therefore, the inflow figure by itself does not demonstrate that holders have begun to dump SHIB.
As of right now, the critical level is $0.00000568. The recovery could continue toward the former $0.0000059–$0.0000062 region if there is a clear breakout above the 200-day moving average. Failure there would raise the likelihood of a pullback toward $0.00000515 and $0.00000503, particularly in conjunction with accelerating exchange inflows.
Shiba Inu is approaching a significant resistance level after rebounding from August lows, but new data suggests the current rally could soon face increased selling pressure. Over the past 24 hours, exchange inflows for SHIB reached approximately 168.18 billion tokens, indicating heightened activity among traders.
Exchange activity and technical signalsThe mean exchange inflow during this period was around 733.61 million SHIB, while the inflow activity climbed by 0.83%. Notably, the ten largest deposits alone accounted for about 3.53 billion SHIB tokens. Placing tokens on trading platforms typically increases the possibility of sales, as these tokens become readily available on the open market.
Despite the surge in inflows, current activity has not yet confirmed a large-scale distribution event among holders. Shiba Inu has rallied from its previous range of $0.0000044 to $0.0000045 and is now trading close to $0.00000552, placing it just beneath a long-standing resistance zone.
Key moving averages and resistance zonesSHIB has managed to reclaim its 50-day moving average near $0.00000515 and the 100-day moving average around $0.00000503, providing some technical support for continued upward movement. However, the 200-day moving average, a critical indicator for longer-term trends, now sits just above the current price at roughly $0.00000568.
The cryptocurrency failed to sustain gains made during a late-August rally, which briefly pushed its price near $0.0000059. This inability to hold higher ground has kept recent attempts to break through resistance in check.
Momentum and risk factorsMomentum indicators currently favor further upside potential for SHIB. The token remains in bullish territory without entering overbought conditions, with the daily Relative Strength Index (RSI) around 60, slightly above its moving average of 56. However, caution prevails amid notable exchange data.
During the same 24-hour span, total outflows from exchanges surpassed inflows, reaching approximately 208.98 billion SHIB. This has resulted in a netflow of negative 26.64 billion SHIB and a slight reduction in exchange reserves by 0.03%. The negative netflow suggests that despite significant inflows, more tokens are leaving exchanges than entering them, undercutting fears of imminent heavy selling.
Technical traders are closely watching the $0.00000568 level. A sustained breakout above the 200-day moving average could trigger a move toward the former resistance range of $0.0000059 to $0.0000062. Conversely, a failure to break this level, especially with increasing exchange inflows, might push the price downward toward $0.00000515 and $0.00000503.
LevelStatusImplication$0.00000503 (100-Day MA)ReclaimedSupport$0.00000515 (50-Day MA)ReclaimedSupport$0.00000552 (Current)Trading below resistanceDecision area$0.00000568 (200-Day MA)Immediate resistanceBreakout target$0.0000059–$0.0000062Former resistanceNext target if breakoutShiba Inu, known for its community-driven development, has rapidly gained popularity as a meme-inspired digital asset. The token’s price movements are often influenced by technical levels and shifts in exchange activity, making these recent developments closely watched among traders.
After selling activities across major Shiba Inu exchanges had massively intensified in the past days, it appears that they have begun to cool as the asset's exchange metric is now flashing a different signal.
Although the broader crypto market has continued to show mixed price actions, data from CryptoQuant shows that traders are becoming bullish on the leading meme token again.
Shiba Inu demand intensifiesAccording to the data, Shiba Inu has seen its exchange netflow flip bullish after showing a negative balance of over 40 billion over the last 24 hours.
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Although Shiba Inu's current netflow does not mean an immediate price rally is brewing, it signals rising interest among investors, suggesting that more traders are willing to buy.
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The metric has drawn attention from market analysts because it is coming after multiple days of large positive balances, which often signaled increasing sell pressure.
With the Shiba Inu exchange netflow currently sitting at -40,506,300,000 SHIB, this implies that the number of tokens moved off exchanges for buying purposes is significantly larger than the amount of tokens sold by that figure over the last 24 hours.
Shiba Inu to $0.000006With Shiba Inu consistently trading above the $0.000005 mark since its last major price breakout in mid-August, market analysts believe that it could be on track to reclaim another major level if momentum holds.
While the -40 billion SHIB netflow signals increasing demand in the leading meme token, market participants predict that the brewing demand could be the push Shiba Inu needs for its next leg up to reclaim and hold above $0.000006.
Ripple released 1 billion XRP from escrow at the start of September, and by the end of the day, only 300 million sat outside new time locks.
XRP price still holds near $1.40. The headline sounded bearish. The ledger says less happened than it looked.
Ripple Released a Billion, Then Re-Locked 700 MillionThree old escrows ended, releasing 500 million, 400 million, and 100 million XRP. Hours later, two new escrows took 500 million and 200 million back.
Ripple Escrow Release Versus Relock: BeInCryptoThat leaves 300 million XRP, worth about $422 million, outside those locks. It moved between Ripple-labelled wallets, so the monthly release is not a sale or an exchange deposit. But it matters anyway.
It still matters because the market could not take it. Buy orders sitting close to the current price add up to $108.2 million, so those 300 million coins are worth almost four times what buyers are ready to absorb.
XRP Near-Price Buying Depth: Charlie Quant LabThe market held only because nobody tested it.
Older Coins Stopped Moving. So Did the Volume.So the coins are still there. The question is who is willing to move them, and the answer is almost nobody.
XRP’s 1-2 year holding band rose from 17.3% of supply in late August to about 18.2% now. Therefore, the oldest supply is refusing to move, and despite the pullback since August 22, those holders have not sold into it.
XRP HODL Waves 1-2 Year Band: GlassnodeThat stillness cuts both ways. Daily volume (all traders) has fallen every session since the August 22 burst, down to about 27.6 million XRP. So the interest seems very ‘long-term-holder-specific’.
XRP Price Volume and EMAs: TradingViewMeanwhile, the chart is close to a golden cross, the point where the 20-day exponential moving average, an average of closing prices that leans on the most recent days, climbs above the slower 200-day line. The fast line sits at $1.3516 against $1.3540, close enough to cross on any decent day. Crossovers built on falling volume are the ones that fail.
XRP Led the Rally, Then Stopped LeadingFading volume shows up as lost leadership. Over 21 sessions, XRP gained 42.4% against 27.0% for Bitcoin and 33.8% for Ethereum.
XRP Versus Bitcoin and Ethereum: Charlie Quant LabOver the last 14 days, it was the weakest of 20 large coins against that pair, trailing by 5.7%.
XRP Short-Term Relative Strength: Charlie Quant LabFutures repeat the pattern. Count the accounts and big traders look confident, 2.86 betting on a rise for every one betting on a fall, against 2.46 for ordinary traders.
XRP Longs by Count Versus Size: BeInCryptoWeigh those bets by money, and it flips. By size, the ratio drops to 2.09, below the crowd’s count. Most large accounts sit on the bullish side without putting much behind it, and their shorts are the bigger trades.
Funding Gap Turns Negative: Charlie Quant LabXRP is one of four majors where that gap runs negative.
XRP Price Levels That Decide ItAll of it comes down to one line. XRP trades at $1.4079, above both averages, which keeps the recovery alive. Confirmation sits at $1.4785, about 5% up, the level that has capped every rebound since late August.
Clearing it opens $1.5832, then the $1.6678 to $1.7038 area around the August peak, a 21% move from here. A daily close below $1.3092 breaks the setup.
XRP Price Analysis: TradingViewAnalyst’s View: Nobody is selling XRP, and nobody is buying it either. A price only climbs when someone shows up willing to pay more, and right now that person is missing.
Crypto exchange WOO X is struck with credibility and operational warning signs. According to reports presented by pseudonymous blockchain investigator ZachXBT, several verified WOO X users contacted him after experiencing withdrawal problems over the previous few days.
Some withdrawals reportedly remained pending for up to three days, while others were stuck for several hours without being broadcast to the blockchain. Moreover, there were also reports of withdrawal requests being canceled.
Source: ZachXBT/Telegram What’s happening with WOO X? However, these delays have not yet proved that the exchange is insolvent or that customer funds are lost. However, if withdrawals that normally take minutes or hours are now sitting in “pending,” “processing,” or “submitted” status for several days, users will naturally start questioning the “why” behind this.
Clearing the air around the matter, WOO X eventually took to X and acknowledged the issue the exchange has been facing and said,
Source: X In fact, on the 7th of September, the crypto exchange also came up with a solution for users whose withdrawals are paused or failing due to KYC reasons.
Source: X What is the BitMart connection? What brings this matter to the spotlight is WOO X’s current ownership and management structure. So for context, WOO X has a connection to FusionX Digital.
In that chain, the latter is further linked to Sheldon Xia, the founder of BitMart, who has also been associated with the WOO X operation following the 2025 transition.
Now since BitMart itself is going through a major winding-down process, users are naturally drawing comparisons. For those unaware, BitMart had officially announced on the 26th of July, 2026, that it would begin an orderly cessation of its trading-platform operations.
BitMart takes a step back One month after the announcement, BitMart stopped new registrations and deposits and subsequently halted trading services. BitMart later said it was exploring a potential restructuring and possible phased resumption of operations, with a roadmap expected by the 9th of September.
Ergo, the next few days are crucial. If delayed withdrawals clear and appear on-chain, it would suggest an operational issue. However, if rising complaints, prolonged delays, or broader withdrawal restrictions continue to pile up, then that would signal a much more serious problem.
Final Summary WOO X users are experiencing withdrawal complications over the previous few days. WOO X’s current connection with FusionX Digital adds further strain to the matter.
AI-themed tokens have recently seen renewed capital rotation. Bittensor [TAO] is in the middle of fresh market demand. In fact, the market cap of AI coins jumped by 5% to $19 billion while trading volume skyrocketed by 18% to $3.97 billion.
Amid this sector-wide capital flow, TAO has shown strong upside pressure, extending its upsurge after previously flipping $250 to reach a high of $277. The coin has not reached these levels since June.
As of this writing, Bittensor was trading around $272, up 13.4% on the daily charts. At the same time, market cap crossed $3 billion while the trading volume rose 164% to $558 million.
TAO pumped strongly as it went live on Raydium. The integration connected decentralized AI infrastructure with Solana’s DeFi capital. Since Raydium leverages Solana’s user base, with the integration, TAO now has a wider user base.
One area that TAO benefits the most is integration with memecoin launchpads, especially StonkFun. In fact, after it went live, a Bittensor memecoin was launched on Solana called BUTT.
BUTT’s market cap rose to over $6 million. However, BUTT’s holders had to swap to TAO first, which in turn drove the price for TAO.
Demand for Bittensor on the rise again Incentivized by the expanded reach, investors have increased capital deployment significantly. On the Spot side, for example, the market has recorded a positive delta for five consecutive days.
Source: Coinalyze Coinalyze data showed that Bittensor recorded 265k in buy volume with the buy/sell delta rising to 24k. This indicated buyer dominance on the Spot market.
On the derivatives side, traders have also increased participation. In fact, the altcoin’s Open Interest surged $428 million, marking a four-month high.
Source: CoinGlass With OI rising to May levels, it suggests traders have opened new positions, both shorts and longs, a clear sign of increased speculation.
Historically, strong speculative demand and Spot accumulation have strengthened momentum, leading to more gains on the price charts.
Is the uptrend sustainable? Bittensor is under strong bullish pressure amid renewed market interest and capital rotation. The expanded user base with the memecoin launch on Raydium has strengthened the uptrend.
A look at the MACD showed that the momentum indicator formed a bullish crossover and climbed to 10. At the same time, the Awesome Oscillator rose to 22, holding green for two consecutive days.
Source: Tradingview Rising MACD and AO reflect buyer dominance in the market. Often, such a setup has resulted in some more gains.
Therefore, if the market conditions hold, Bittensor will close above $280 and eye the $300 resistance level. However, if the speculation around Raydium integration fades, TAO will retrace to $234.
Final Summary TAO surged 13%, to reach a three-month high of $277, then retraced to $267 at press time. The main catalysts were Raydium’s integration and the launch of BUTT memecoin, which brought in more demand.
Raydium, the dominant decentralized exchange on Solana, pulled in nearly $440,000 in protocol revenue on September 6, making it the platform’s best single day since July 2025. The catalyst was straightforward: StonkFun, a token-launch platform specializing in stock and commodity tokens, officially integrated with Raydium’s LaunchLab infrastructure.
StonkFun’s native token STONK ripped more than 250% on the day, hitting an approximate market cap of $140 million. Raydium’s own RAY token climbed over 40% as traders piled into the newly expanded liquidity pools.
What StonkFun actually brings to the table StonkFun focuses on tokenized representations of traditional financial assets like stocks and commodities, giving DeFi users access to price exposure on instruments that typically live behind brokerage accounts and market hours.
Before this LaunchLab integration, StonkFun had already built a meaningful business. The platform generated over $1.21 million in total revenue and routed approximately $219 million in trading volume through Raydium, out of a total exceeding $392 million across all venues.
During the second quarter of 2025, LaunchLab contributed roughly 21.7% of Raydium’s total net revenue — about $4 million out of $18.4 million.
The new integration supports permissionless deployments, bonding curves, and constant-product market-maker pools for any token. Deployment costs have dropped from 0.29 SOL to 0.03 SOL, roughly a 90% reduction.
Why $440K matters more than it sounds When new tokens launch through LaunchLab, early buyers purchase along a mathematically defined price curve before the token graduates to a standard liquidity pool. Each of those bonding-curve trades generates fees for the protocol. With StonkFun funneling its tokenized asset launches through this system, Raydium captures revenue at every stage of a token’s lifecycle, from initial bonding curve to mature trading pair.
Rather than forcing every new token to pair exclusively against SOL or USDC, StonkFun’s integration allows for tailored trading pairs through custom quote assets, which can attract specialized liquidity providers who want exposure to specific asset combinations.
Competitive positioning and what comes next Raydium has been in a multi-year battle for DEX supremacy on Solana, competing against platforms like Orca and Jupiter for market share. By becoming the infrastructure layer where new tokens are born, Raydium captures trading activity that competitors never see.
At 0.03 SOL per deployment, the barrier to creating a new token is essentially zero. While it drives volume and revenue in the short term, it also opens the door to a flood of low-quality launches that could dilute user attention and strain liquidity across too many pairs.
For RAY token holders, the 40% price jump reflects market confidence in StonkFun’s integration. With the platform already accounting for over a fifth of LaunchLab revenue before this deeper integration, more launches mean more volume and more fees accruing to the protocol.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Nubia's NaviX Ultra launches Sept. 16 in China as the world's first mass-produced AI-agent smartphone — and its pivot from forced screen-scraping to standardized protocols raises a $700 question about who controls the smart home.
Ordering dinner, booking a ride, and checking a bank balance usually requires hopping between three different apps, fighting with login screens, and hoping the interface doesn’t glitch. On September 16, Nubia is launching the NaviX Ultra in China, a device that promises to do all of that for you through a single, persistent AI agent. It is the world’s first mass-produced AI-agent smartphone, and it is trying to solve the friction of modern digital life by essentially taking over your screen.
The hardware is substantial. Under the hood, you get a Snapdragon 8 Elite Gen 5 processor, a 7,100mAh battery, and a triple 50MP camera array, all packed behind a 6.78-inch 144Hz OLED display. But the real story isn’t the specs; it is the lack of a traditional home screen. Instead, you interact with the device via voice or a dedicated orange button that triggers the Doubao AI. It is a bold, if slightly unsettling, approach to mobile computing.
This is the second generation of the Doubao phone, and it represents a significant tactical retreat from the company’s earlier, more aggressive strategy. When the first-gen Nubia M153 launched in December 2025, it used a technique called INJECT_EVENTS to simulate human touch on apps. It was essentially a digital burglar, forcing its way into apps like WeChat, Taobao, and Alipay. The backlash was immediate. Critics, including Samm Sacks writing for Lawfare, described the device as having “god’s fingertips,” leading to widespread blocking by major platforms. The NaviX Ultra, which recently received network access approval from China’s MIIT, is trying to play nice by shifting to standardized Model Context Protocol (MCP) and A2A protocols. It is a move from forced entry to requested access.
This pivot arrives just as the industry is obsessed with the “agent” concept. At our recent IFA Berlin coverage, we saw a wave of five competing home AI hubs — including the Anker MindBase and LG ThinQ Claw — all fighting for space in the living room. These hubs are proprietary and entirely siloed. The NaviX Ultra is essentially the mobile version of this battle. While the home hubs are stationary, the NaviX Ultra is a mobile, OS-level agent that wants to be the primary interface for your entire digital existence.
The money lens here is about who owns the transaction. If an AI agent sits between you and your apps, it becomes the gatekeeper. ByteDance, which co-developed the phone with ZTE, is clearly aiming to transition from a disruptive outsider to a platform partner. By using MCP, they hope to enable revenue through app-integrated transactions. However, this creates a classic “walled garden” dilemma. Consumers are caught between fragmented, non-interoperable hardware hubs and a centralized, mobile-first agent that requires app developers to actually play along.
The numbers suggest a cautious rollout. With an initial production run of roughly 200,000 units and an estimated price of 5,000 yuan, or about $700 USD, this is a premium experiment. It has already picked up the WAIC 2026 SAIL Award, but industry recognition does not guarantee consumer adoption. Research shows that while 50% of users want a centralized view of their devices, 41% cite privacy as their top barrier. People want convenience, but they are rightfully wary of handing over their digital keys to a single agent.
The biggest hurdle remains the cooperation of third-party apps. Even with the shift to standardized protocols, the NaviX Ultra’s utility is entirely dependent on whether companies like Tencent or Alibaba decide to open their doors. If they continue to block agent access, the phone becomes little more than a very expensive, very fast piece of hardware with a fancy orange button. Furthermore, with ZTE currently under an FCC ban in the United States, this is strictly a China-only affair. We are watching a high-stakes test of whether a standardized protocol can actually bridge the gap between competing tech giants, or if the agent economy will remain as fragmented as the hardware it seeks to replace.
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