Aptos spustil na mainnetu Confidential APT, který umožňuje šifrovat zůstatky a částky převodů, zatímco adresy zůstávají veřejné. Funkce je opt-in a míří na firemní použití včetně mezd a treasury.
Aptos has rolled out Confidential APT on its mainnet, giving users the ability to encrypt their token balances and transfer amounts without hiding who’s transacting. It’s a deliberate design choice: privacy where it matters for business, transparency where regulators demand it.
The feature, now integrated into the Petra Wallet, operates as a 1:1 wrapped version of APT. Users opt in to shield their balances from public view while their wallet addresses remain fully visible on-chain.
How it works under the hood Confidential APT leans on two cryptographic heavyweights: zero-knowledge proofs and homomorphic encryption. Zero-knowledge proofs let one party prove a statement is true without revealing the underlying data. Homomorphic encryption goes a step further, allowing computations on encrypted data without ever decrypting it.
Together, these techniques mean the Aptos network can verify that a transfer is valid, that the sender has sufficient funds, and that no tokens are being conjured from thin air. All without anyone on-chain seeing the actual numbers involved.
At launch, only the native APT token is eligible for confidential transactions. The underlying standard, however, was built to extend to other tokens pending future governance votes.
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The compliance play Aptos is explicitly pitching Confidential APT at compliance-heavy use cases: payroll processing, corporate treasury management, and business-to-business settlements.
Consider the payroll scenario. A company paying employees on-chain currently broadcasts every salary to anyone with a block explorer. Confidential APT lets the payment go through with cryptographic proof of validity while keeping the dollar amount between employer and employee.
The same logic applies to B2B settlements, where companies have obvious reasons to keep transaction sizes private from competitors monitoring on-chain activity. Treasury operations face similar exposure risks when large movements signal strategy to the market before leadership is ready to disclose.
For users who don’t want or need privacy, nothing changes. The feature is entirely opt-in, meaning the default transparent experience remains untouched.
Governance approval and early traction Confidential APT didn’t appear overnight. The feature was activated following Proposal #188, which went through governance voting around April 24-25, 2026. The proposal received near-unanimous support from the community.
The official wallet integration announcements came on August 4, 2026, when the Petra Wallet confirmed support for confidential transactions. By mid-August 2026, roughly 15,000 APT had already moved into confidential pools.
Aptos itself has been building momentum on the infrastructure side. The mainnet originally launched in October 2022, and by April 2026, daily transaction volumes had surpassed 8 million.
Extending the privacy standard to other tokens, stablecoins being the obvious next candidate, would require a separate governance proposal and community vote.
What this means for the broader market Privacy in crypto has always been politically charged. Tornado Cash sanctions, Monero delistings, and ongoing regulatory scrutiny of mixing services have made the topic radioactive for many projects. Aptos is betting it can thread the needle by offering selective privacy that satisfies business needs without triggering the alarm bells that fully private transactions set off.
The fact that addresses remain visible provides a strong defense, since law enforcement can still trace the flow of funds between wallets even if individual amounts are encrypted.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bit2Me spustila Bit2Shield, samostatnou jednotku pro dohledávání, zabavování, úschovu a likvidaci krypta pro soudy, policii a finanční instituce. V roce 2025 už zpracovala zabavené krypto za 1,5 milionu EUR pro úřady včetně Interpolu, Europolu a španělské policie.
Spain’s largest cryptocurrency exchange Bit2Me has launched a separate company to help courts, police and financial institutions trace, seize, store and liquidate cryptocurrency linked to investigations.
Summary
Bit2Me has launched Bit2Shield to help courts, police and financial institutions trace, seize, store and sell cryptocurrency. Bit2Me processed €1.5 million in seized crypto for Interpol, Europol and Spanish police during 2025. Seized assets will be held in multisignature cold wallets, with sales arranged when ordered by the relevant authorities. Crypto to euro conversions will be handled by Bitcoinforme, Bit2Me’s entity authorized under MiCA in Spain. According to a statement from Bit2Me, the new unit, Bit2Shield, has been legally registered as CryptoShield S.L. and will provide forensic and operational services covering digital assets from the point they are identified during an investigation through their eventual sale when ordered by authorities.
The company will assist investigators during searches and seizures by extracting information from wallets, locating cryptocurrency and preparing digitally signed forensic reports that can be submitted in court. Its work will extend to fraud investigations, source-of-funds certification and training for police officers, judges and financial institutions.
Bit2Shield formalizes services that Bit2Me had already been providing to government agencies. During 2025, the exchange processed €1.5 million ($1.74 million) in seized cryptocurrency for authorities including Interpol, Europol and Spanish police, according to the company.
Blockchain analytics provider Chainalysis was used to trace the assets before Bit2Me converted the cryptocurrency into euros for the state.
Bit2Shield will manage crypto from seizure to sale Once digital assets have been located and seized, Bit2Shield will arrange their storage in cold wallets protected by a multi-signature setup, Bit2Me said. The assets can remain under custody until authorities issue instructions for their disposal.
When a court or another competent authority orders a sale, Bit2Shield will coordinate the process, while the actual crypto-to-euro conversion will be carried out through Bitcoinforme S.L., Bit2Me’s entity authorized by Spain’s securities regulator under the European Union’s Markets in Crypto-Assets framework.
Proceeds from the sale will then be transferred in euros to government bank accounts.
Bit2Me said Bit2Shield itself is not a crypto-asset service provider under MiCA because its activities center on investigations, digital forensics and training. Services that fall under the regulated conversion of cryptocurrency into fiat will remain with Bitcoinforme.
The distinction comes after the EU completed the final stage of its MiCA transition period on July 1. As crypto.news previously reported, only 281 of 1,343 crypto service providers operating across the European Economic Area had secured MiCA authorization by the deadline, leaving 1,062 without approval.
An Aug. 5 review of ESMA authorization data found that the regulator’s interim register is updated weekly and covers regulated activities including custody, crypto-to-fiat exchange, trading platforms, transfers, order execution and portfolio management. The data has since been made available through a searchable MiCA tracker for firms and compliance teams.
Bit2Me has expanded its work with banks The new forensic unit follows Bit2Me’s expansion into infrastructure used by traditional financial institutions, alongside its retail cryptocurrency exchange business.
In June, Spanish banking group Cecabank launched a regulated crypto platform for financial institutions after securing authorization for crypto custody, transfers and the reception and transmission of orders.
Bit2Me handles trade execution, liquidity, market access and the exchange layer under that arrangement, while Cecabank provides institutional custody and banking infrastructure. Renta 4 Banco became one of the first financial institutions to use the platform as it developed crypto trading services for clients.
The project grew out of a partnership established in May 2024. The two companies initially announced the MiCA-ready infrastructure in May 2025 while they were waiting for regulatory approval, with Bit2Me assigned responsibility for trading and market access.
Cecabank later began the European passporting process to extend its authorized crypto services into Ireland, Portugal and Luxembourg.
Bit2Me’s shareholders and financial backers include companies from both banking and crypto. Tether acquired a minority interest in the Spanish exchange in 2025 and led a €30 million funding round intended to support its expansion in Europe and Latin America. The Tether investment followed Bit2Me’s receipt of authorization under MiCA, allowing it to operate across EU member states.
Bankinter, Unicaja, Cecabank and Telefónica are among the other companies that have backed Bit2Me.
Crypto seizures require specialized custody Bit2Shield is entering a field where police agencies have increasingly turned to specialized crypto companies to manage digital assets after seizure.
South Korea’s National Police Agency, for example, awarded Upbit operator Dunamu a one-year contract in August to custody seized cryptocurrency after a public tender. Under that arrangement, confiscated assets are stored through Upbit Custody using offline cold wallets, with separate wallets for different types of assets and security based on multi-party computation, distributed key generation and multi-signature technology.
Spanish authorities have faced the same operational issue when cryptocurrency is recovered during criminal investigations. In April, National Police officers seized approximately €400,000 in crypto held in two cold wallets during an investigation into a manga piracy operation in Almería. The cold wallets were concealed inside a wall-mounted thermometer, according to police.
The case involved a Spanish-language manga piracy platform that authorities said had operated for roughly a decade and generated more than €4 million in advertising revenue since 2014. Three people were arrested during the operation.
Blockchain tracing can remain useful after investigators identify or recover digital assets because transactions leave records that can be followed across public networks. Chainalysis said in August that investigators can trace funds even in cases involving physical cryptocurrency theft, while its research documented more than $30 million stolen through successful kidnappings, home invasions and other violent attacks during the first half of 2026.
In a separate investigation disclosed in August, Chainalysis traced 29,120 cryptocurrency addresses and digital identifiers connected to more than 100 child sexual abuse material platforms, forums and distribution networks. The work generated 14,300 investigative leads and identified more than 7,700 suspect accounts across cryptocurrency exchanges and payment platforms.
Bit2Shield’s investigations will be led by Adrián Maroño, a former member of the Spanish Civil Guard’s Central Operational Unit, known as UCO. His responsibilities will cover the forensic and investigative work carried out by the new company for courts, law enforcement agencies and financial institutions.
BDACS zvolila standard OFT od LayerZero pro KRW1, první korejský stablecoin krytý wonem, aby jej mohla nativně provozovat napříč více blockchainy. Každý KRW1 se má při přesunu mezi sítěmi odepsat na zdrojové a připsat na cílové síti.
BDACS, the largest digital asset custodian in South Korea, has selected LayerZero's OFT standard as its interoperability solution for KRW1, the first on-shore Korean won-backed stablecoin. To build with it, visit Developers or reach out to our team.
KRW1, the first Korean won-backed stablecoin, already exists as a multi-chain asset on Ethereum, Avalanche, and Circle’s Arc. But for BDACS, the issuer of KRW1, the distribution and utility of KRW1 has been limited by friction related to its cross-chain interoperability infrastructure.
After a rigorous review of options to bring KRW1 natively multi-chain, BDACS chose LayerZero's OFT (Omnichain Fungible Token) standard.
A standard already tested at scale The OFT standard is the same standard Tether uses for USDT0, PayPal for PYUSD, and Paxos for USDG. It now facilitates 87% of all cross-chain volume transferred and has transferred $280 billion in lifetime transfers across 170+ chains. BDACS's decision puts KRW1 on infrastructure other major stablecoin issuers already put through rigorous diligence before adopting.
The OFT standard is designed with institutional and enterprise-grade issuers top of mind. It provides issuers with the customization and control they need to satisfy regulators and enterprise-grade security teams, while simultaneously lowering the operational burden to add the next incremental chain and manage the resulting supply fragmentation.
Under the OFT standard, when KRW1 moves across chains, it will now be debited on the source chain and credited on the destination chain. One KRW1 supply will exist across every connected network, instead of several disconnected instances competing for liquidity. Stargate, LayerZero's cross-chain transfer application, is what executes that debit-and-credit transfer for users moving KRW1.
Why the timing matters Korea's Won Internationalization Roadmap, published in July 2026, commits to amending the Foreign Exchange Transactions Act to establish a legal basis for won-denominated stablecoins. Related measures, including offshore won accounts and a 24-hour offshore won settlement network piloting into 2027, build the institutional plumbing for the won to move outside Korea.
Cross-chain interoperability builds the circulation side of that plan. Each KRW1 unit that moves under the OFT standard extends won-denominated liquidity to any LayerZero-connected chain, without depending on one network's ecosystem for reach. Most bridged omnichain stablecoin volume today is denominated in dollars; this integration puts the won into that mix.
BDACS is the largest digital asset custodian in Korea by assets under custody, and the first company to issue a won-backed stablecoin. KRW1 stays fully reserved 1:1 with Korean won held at Woori Bank, with independent attestation of reserves, a compliance position that does not change as KRW1's network reach grows.
Harry Ryoo, CEO of BDACS said, "The value of a Korean won stablecoin lies in its global scalability." He added, "KRW1, the leading Korean won stablecoin, has established a technical foundation to expand beyond Korea into global markets by enabling more flexible use across multiple blockchains through the application of OFT. Building on this technical foundation, we will continue to expand the scope of KRW1's use going forward."
Start building Developers integrating stablecoins across chains can start with LayerZero's OFT standard. Visit Developers or reach out to our team.
About BDACS BDACS is a digital asset infrastructure company providing custody to institutional clients. In the first half of 2026, it surpassed 80 billion KRW in assets under custody, the largest total of any digital asset custodian in Korea. BDACS holds SOC 1 and ISO 27001 certifications and is pursuing SOC 2. It issued KRW1, the world's first Korean won stablecoin, and partners with Woori Bank, Galaxy Digital, and Circle.
About LayerZero LayerZero is where finance and the internet converge. It makes any token or application compatible with every type of blockchain. From protocols to institutions, organizations use LayerZero to build, issue, and scale digital assets and products. It connects 170+ blockchains, processes millions of messages a year, and powers billions in value transfer. Trusted by PayPal USD, Ethena, Ondo Finance and more, LayerZero has become the standard for building on blockchains.
Akcie Metaplanet po reakci generálního ředitele na kritiku ředění klesly o 7,5 % na 271 jenů. Firma čelí otázkám kvůli opčnímu poolu, který narostl z 46 milionů na 319,46 milionu akcií.
When the CEO of a Bitcoin treasury company finally speaks up about governance concerns, you’d expect the stock to stabilize. Metaplanet’s shares had a different idea, falling roughly 7.5% to close at 271 yen on September 7, the trading session after CEO Simon Gerovich posted his response to shareholder criticism.
The Tokyo-listed firm, which adopted a Bitcoin-centric treasury strategy in 2024, is facing pointed questions about an executive stock option pool that ballooned nearly sevenfold. Gerovich’s attempt to reassure investors appears to have had the opposite effect.
The option pool problem At the center of the controversy is Metaplanet’s Series 10 executive option pool. Originally sized at approximately 46 million shares, the pool swelled to 319.46 million shares thanks to a floating allocation formula tied to the company’s fully diluted share count.
On August 18, the company moved to cap the pool at 319.46 million shares, freezing it at its already-expanded size. A five-year lock-up was also instituted, meaning those options can’t be touched until August 17, 2031.
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Just ten days after the cap was announced, Gerovich exercised 92,000 units on August 28, converting them into 64,032,000 common shares. That brought his total holdings to 79,587,500 shares.
Gerovich’s response and the MMXX question On September 6, Gerovich took to X to address the growing chorus of shareholder discontent. He acknowledged that the company needed to communicate more effectively on governance matters and outlined plans for future remuneration policy transparency.
He also clarified his relationship with MMXX Ventures Limited, a firm established in 2022 that holds approximately 42,474,750 shares of Metaplanet, representing about 3.26% of the company. Gerovich stated that while he has an association with MMXX Ventures, he does not hold any operational role there.
The broader Bitcoin treasury dilemma Metaplanet’s governance turbulence isn’t happening in a vacuum. The company is one of several publicly traded firms that have tied their corporate identity to Bitcoin holdings, following the playbook popularized by MicroStrategy’s Michael Saylor. The basic pitch: hold Bitcoin on the balance sheet, use equity markets to fund purchases, and let the company’s stock serve as a leveraged proxy for Bitcoin exposure.
Repeated equity issuances to fund Bitcoin purchases dilute existing shareholders. Executive option pools that expand automatically with each issuance compound that dilution.
The floating mechanism that allowed the Series 10 pool to expand from 46 million to 319.46 million shares was embedded in the option structure since 2023. That it was only capped in August 2026, after it had already grown nearly seven times over, raises fair questions about whether the board’s oversight kept pace with the strategy’s execution.
Capping the pool and imposing a five-year lock-up are concrete steps. But they also crystallize a new reality: 319.46 million shares are now earmarked for executive compensation, locked until 2031.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Spotový XRP ETF od Bitwise překonal 500 milionů USD v AUM pouhých devět měsíců po spuštění. I přes prudký pokles ceny XRP fond dál přitahuje čisté přílivy.
Bitwise Asset Management’s spot XRP exchange-traded fund has crossed a notable threshold, reaching more than $500 million in assets under management only nine months after it started trading. The firm shared the update on August 31, 2026, highlighting how quickly the product has drawn capital from investors seeking regulated exposure to XRP.
The fund, which trades under the ticker XRP, began listing on the New York Stock Exchange on November 20, 2025.
At launch it carried a 0.34 percent annual fee, with the sponsor waiving that charge on the first $500 million of assets for the opening month.
That introductory structure helped attract early interest from both retail and institutional buyers who wanted XRP exposure without holding the token directly or managing private keys.
What makes the $500 million mark striking is the backdrop of XRP’s price action.
The token has fallen sharply from levels seen earlier in 2026, yet the fund has continued to gather net inflows.
Those new subscriptions have more than offset the decline in the value of the underlying holdings.
By late August the product held roughly 364.8 million XRP tokens.
Across the broader US spot XRP ETF category, combined assets stood near $1.53 billion, with cumulative inflows exceeding $1.5 billion since the first products appeared.
14 years in, and the ripple:native community continues to be unstoppable.
The Bitwise XRP ETF (XRP) crossed $500,000,000 in AUM—just 9 months after launch.
Grateful for the chance to expand mainstream access to XRP and steward investors’ exposure to the opportunities in this… pic.twitter.com/sgeMDiY5ce
— Bitwise (@Bitwise) August 31, 2026
Bitwise occupies the leading position among those funds.
Competitors such as Franklin Templeton’s XRPZ and Canary Capital’s offering have also seen inflows, but Bitwise has maintained the largest share of both assets and tokens held.
The $500 million level is often viewed as a psychological milestone that signals a product has achieved a stable investor base and greater liquidity.
The company framed the achievement as evidence of enduring community support.
In its announcement it noted that fourteen years after XRP’s creation, demand remains strong and expressed appreciation for the chance to give traditional investors a straightforward way to participate.
The ETF structure removes the operational and custodial hurdles that have historically limited institutional participation in digital assets.
The rapid accumulation also reflects a wider shift toward listed crypto products.
After Bitcoin and Ethereum ETFs demonstrated that regulated wrappers can attract sizable capital, issuers moved quickly to offer similar vehicles for other large-cap tokens.
XRP’s long operating history, focus on payments infrastructure, and relatively clear regulatory standing in the United States have made it a natural candidate.
Persistent inflows even during a price slump suggest many investors are treating the allocation as a longer-term position rather than a short-term trade.
For advisors and institutions that cannot or prefer not to custody crypto themselves, the Bitwise product provides a familiar brokerage-account wrapper, daily liquidity, and professional administration.
As more wealth managers become comfortable with digital asset ETFs, products that reach scale first often capture a lasting advantage in visibility and trading volume.
The $500 million crossing therefore represents both a commercial success for Bitwise and another data point in the gradual integration of crypto into conventional portfolios. Whether the fund continues its growth trajectory will depend on XRP’s market performance, competing products, and the broader appetite for alternative asset exposure.
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Ethereum Foundation uvedla, že cílem je učinit Ethereum Layer 1 odolným vůči kvantovým počítačům do prosince 2029. Současně zveřejnila hodnocení 62 EIP pro upgrade Hegotá.
The Ethereum Foundation (EF) has shared the results of its comprehensive review process for Hegotá, planned as one of the next major upgrades to the Ethereum network. The study, published by Protocol Cluster within the Foundation, examined and rated 62 Ethereum Improvement Proposals (EIPs) proposed as part of the upgrade.
Published under the title “Hegotá EIP Opinion Compilation and Rating List,” this assessment is the first unified EIP rating list prepared by Protocol Cluster for a single Ethereum network upgrade. Approximately 60 researchers, engineers, and domain experts from nine different teams within Protocol Cluster participated in the review process. Participants submitted a total of 397 evaluation comments, with some of the controversial proposals discussed in face-to-face meetings.
Another study published by the Ethereum Foundation outlined the current and long-term development priorities for the Ethereum protocol layer. The most notable of these goals was making the Ethereum Layer 1 network resilient to quantum computers by December 2029.
The foundation stated that the scope of the Hegotá upgrade was determined by considering the Protocol Cluster’s long-term technical commitments and the shared priorities identified among the teams. The published rating of the 62 EIPs is also expected to contribute to the decision-making process regarding which proposals will be included in the upgrade.
*This is not investment advice.
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Bitwise podal upravenou žádost S-1 o spotové Ethereum ETF a doplnil do ní staking, provoz validátorů i riziko slashing. SEC staking ve spotových ETH ETF zatím neschválila.
Bitwise has filed an amended S-1 registration statement for its spot Ethereum ETF, adding language around staking mechanics, validator operations, slashing risk, and staking-yield accounting.
The filing is significant because staking remains one of the biggest unresolved questions around spot Ethereum ETFs. ETH is not just a passive asset. It secures a proof-of-stake network, and holders can earn rewards by participating in validation.
ETF staking would change the product conversation.
But the caveat is just as important: the SEC has not approved staking inside spot Ethereum ETFs. Bitwise’s filing is a proposal, not a green light.
For more details, visit the official Sec platform.
TL;DR Bitwise filed an amended spot Ethereum ETF S-1. The amendment includes staking mechanics and validator-risk disclosures. The SEC has not approved staking for spot ETH ETFs. Why Staking Is Such A Big Issue Ethereum staking is central to ETH’s investment case.
When ETH is staked, it helps secure the network and can earn protocol rewards. For direct ETH holders, staking is one reason the asset can look different from Bitcoin. It has a yield-like component tied to network participation.
Spot Ethereum ETFs complicate that.
If an ETF holds ETH but cannot stake it, investors may receive price exposure without the potential staking rewards. If an ETF can stake, the fund may become more attractive, but it also introduces new operational and regulatory questions.
That is the tension.
Slashing Risk Has To Be Disclosed Staking is not risk-free.
Validators can be penalized for certain failures or misconduct, a process known as slashing. There are also risks around downtime, validator concentration, custodian operations, smart contract exposure, and reward variability.
An ETF structure would need to explain those risks clearly.
Bitwise’s amended filing adds detail around custodian staking operations and slashing protection. That matters because regulators and investors need to understand how ETH would be staked, who operates validators, how rewards are treated, and what happens if something goes wrong.
The SEC Question Remains Open This is not an approval.
A filing amendment shows what Bitwise wants to include and how it proposes to disclose the mechanics. The SEC still has to decide whether staking can be part of a spot Ethereum ETF structure under its review standards.
That uncertainty is the story.
Issuers may want staking because it makes ETH products more complete. Regulators may want more comfort around custody, investor protection, securities-law implications, and operational risk before allowing it.
Why Investors Care ETF investors care because staking can affect returns.
A non-staking ETH ETF may underperform direct staked ETH over time, depending on fees and reward rates. That could make the ETF less attractive to sophisticated investors who can access staking elsewhere.
On the other hand, a staking-enabled ETF could bring new complexity.
Some investors may prefer a simpler product that tracks ETH without validator exposure. Others may want the fund to capture as much of ETH’s economic profile as possible.
The Market Signal Bitwise’s amendment keeps the staking debate alive.
Ethereum ETF products are still evolving, and issuers are testing how far the structure can go. Staking is the next big frontier because it touches the heart of what ETH is.
The market should not treat the filing as approval.
But it should recognize that issuers are still pushing for Ethereum ETFs to become more than passive spot exposure. If the SEC eventually allows staking, the ETH ETF market could look very different.
This article draws on Bitwise’s amended S-1 filing for its spot Ethereum ETF.
This article was written by the News Desk and edited by Samuel Rae.
Ethereum Institutional uvítal plán Jižní Koreje začlenit tokenizované cenné papíry do regulovaného kapitálového trhu a slíbil podporu institucím na síti Ethereum. FSC chce v první fázi, která začne začátkem února po nabytí účinnosti související legislativy, zavést tokenizaci fondů peněžního trhu a dluhopisů pro instituce.
SEOUL, Sept. 8 (Yonhap) -- Ethereum Institutional welcomes South Korea's latest push to integrate tokenized security offerings (STOs) into the formal capital market framework and is willing to support institutions planning to adopt its network, the organization's co-founder said.
Matthew Dawson, the co-founder of the nonprofit organization, made the remarks in an exclusive interview with Yonhap News Agency in Seoul, which came on the sidelines of his first visit to the country.
"I can't think of a better time with regulatory clarity coming to meet Korean institutions, as they look to define their digital asset strategy," he said during the interview held Monday.
Ethereum Institutional is an independent organization that supports institutions seeking to launch assets on the ethereum ecosystem -- the second-largest blockchain network in the world after bitcoin.
Matthew Dawson, the co-founder of Ethereum Institutional, speaks during an exclusive interview with Yonhap News Agency in Seoul on Sept. 7, 2026. (Yonhap)
Dawson's comment comes after South Korea's financial services commission (FSC) unveiled a three-step road map Friday to expand STOs beyond fractional investment products into conventional securities, including stocks, bonds and funds.
The first stage will start in early February, when related legislation takes effect, with the tokenization of money market funds (MMF) and bonds for institutions.
The second phase calls for the tokenization of publicly offered securities, such as bonds, stocks and funds, while the third step aims to establish an on-chain payment infrastructure linking stablecoins.
"As the FSC road map unfolds and we see institutions actually deploying those assets ... we will be supporting them in whatever way they need," Dawson said, noting tokenized MMFs from major U.S. institutions, including BlackRock, J.P. Morgan and Fidelity, already operate on the ethereum network.
In South Korea, domestic virtual asset exchange operator Upbit hosts a stablecoin payment system on the ethereum layer-2 blockchain called GIWA.
The price of the ethereum cryptocurrency is displayed on a screen inside the Bithumb building in southern Seoul, in this file photo taken Nov. 5, 2025. (Yonhap)
Dawson described South Korea as a "powerhouse" in both finance and technology, saying its strong developer community, as well as its capacity to build both traditional financial institutions as well as fintech and neo-banks, make it an important country for the ethereum ecosystem.
The co-founder is seeking to meet with several financial institutions here, including major brokerages, asset managers and banks, during the trip.
The organization also plans to scale up, actively hiring technical and business consulting roles across Asia, including South Korea, to bring more capacity to support institutions directly, Dawson added.
When asked about Ethereum Institutional's long-term goals in South Korea, Dawson said it plans to focus on the network's actual deployment, to stay committed to ethereum's "unique" identity as global infrastructure for everyone to use.
"I saw ... in the news that Korea is actively working to make AI accessible to everyone and to have less dependency on U.S. and Chinese models," he said, pointing to a project to develop publicly accessible artificial intelligence services led by South Korea's science ministry.
"If we take that framing and consider that from a blockchain perspective, ethereum is the most neutral blockchain, which gives confidence to Korean institutions, regulators and governments that they can operate globally without the threat of a foreign nation taking advantage or control of this."
Cardano Foundation a Blockforce zaznamenaly na Cardanu přes 500 000 záznamů o dodavatelském řetězci. Systém běží v produkci pro velké brazilské módní skupiny.
A Dual-Ledger Approach to Supply Chain VerificationThe Cardano Foundation (@Cardano_CF) and Brazilian technology firm Blockforce have put Cardano to work as the public proof layer in an enterprise supply chain platform, with more than 500,000 records already anchored on-chain. The system is live in production, not a pilot, and is currently operating with some of Brazil's largest fashion groups.
The architecture is built around a clear separation between confidentiality and verifiability. Sensitive commercial information, including supplier identities, contract terms, and production volumes, stays on that permissioned network.
This matters because the two obvious alternatives both fall short. A fully private database protects commercial secrets but gives no outsider a way to independently verify anything. A fully public ledger provides verifiability but exposes pricing and supplier relationships to anyone watching the chain. Blockforce's setup sidesteps both problems.
Cost Engineering and the Road AheadScaling a proof-anchoring system to enterprise volumes requires keeping per-record costs manageable. The published architecture processes up to 44 certificates per transaction, with each certificate remaining individually verifiable. That figure comes from the project partners and has not been independently audited.
The company uses supplier, fiscal, and government database records to build each traceable record before it is proofed and anchored.
Sources:
Cardano Foundation: Blockforce Partnership Case Study
Crypto.news: Cardano Anchors 500,000 Supply Chain Records
CoinTurk: Cardano Anchors Over 500,000 Brazilian Supply Chain Records
Tether podle CEO Paola Ardoina dál rozšiřuje dolarovou síť a zisk financuje nákupy Bitcoinu i zlata. Firma od května 2023 alokuje až 15 % realizovaného provozního zisku do BTC.
Tether isn’t just printing digital dollars anymore. CEO Paolo Ardoino has laid out a vision that positions the stablecoin giant as something closer to a sovereign wealth fund, one that distributes dollars globally while quietly amassing enormous reserves of Bitcoin and physical gold.
Tether has been buying between 1 and 2 tons of gold every single week. Let that accumulate over months, and you get approximately 140 tons of gold valued at roughly $23-24B.
Ardoino has indicated the company targets gold at approximately 10-15% of its investment portfolio. The purchases are funded not by minting more USDT, but by profits from Tether’s core operations. Tether earned an estimated $10-13.7B across 2024 and 2025, with expectations for 2026 running even higher. When your stablecoin has $186B in market circulation and you’re earning yield on the reserves backing it, the cash flow becomes almost absurdly large.
The company has also reportedly been hiring ex-HSBC traders and expanding into gold trading operations.
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Tether has been allocating up to 15% of its realized operating profits to Bitcoin since May 2023, building a position that now sits somewhere in the range of 83,000 to 100,000 BTC. At current prices, that Bitcoin treasury is worth north of $8B. Ardoino has described Bitcoin as a “digital inflation hedge” and, in more colorful terms, a crucial defense against what he called an “apocalyptic future.”
The Bitcoin allocation targets roughly 10% of the overall investment portfolio, mirroring the gold strategy. Together, these two hard-asset positions represent about 20-25% of Tether’s total reserves, with US Treasuries and cash equivalents making up the bulk of the company’s backing.
With approximately $186B in circulation, Tether’s stablecoin dwarfs every competitor and serves as the de facto digital dollar for emerging markets worldwide. In parts of Latin America, Africa, and Southeast Asia, USDT functions as a savings vehicle and payments rail in ways that traditional banking simply doesn’t reach.
Tether earns yield on the Treasury bonds and other instruments backing USDT, while users get the dollar exposure they want. USDT holders don’t earn interest, making the spread between what Tether earns on reserves and what it pays out the core business model.
The company has also launched Tether Gold (XAUT), a tokenized gold product that has been gaining traction. If Tether’s physical gold holdings continue to grow at the current pace, XAUT could allow the company to monetize its gold reserves twice: once through appreciation and once through tokenization fees.
Tether’s Bitcoin purchases represent a steady, programmatic source of buying pressure. A company allocating 15% of multi-billion-dollar annual profits to BTC on an ongoing basis creates a persistent bid in the market. Hiring traders from major banks and building physical commodity positions gives Tether credibility with institutional players who might otherwise dismiss a stablecoin company as a purely crypto phenomenon.
A company holding $186B in stablecoin liabilities, 140 tons of gold, and nearly 100,000 Bitcoin has become systemically relevant. Any shock to Tether’s operations, whether regulatory, operational, or reputational, would now send ripples through multiple asset classes simultaneously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The XLM crypto price moved closer to $0.20 after gaining 1.45%, extending its recovery from an August low near $0.155.
Another potential source of liquidity for Stellar’s payment-centric network follows Tether’s USDT0 token launching on it earlier this week. Over the past few rallies the XLM price has struggled to break through its previous price records.
USDT0 expands Stellar’s stablecoin offering On September 2, the Stellar Development Foundation announced the arrival of USDT0.
People and businesses are able to use Tether’s USDT liquidity through Stellar, using USDT0, and potential use cases include international payments, transferring funds between financial applications and company settlements.
This means that instead of creating separate pools of tokens for every network supported by the asset, there is one common supply supported by USDT.
The move is set to increase the choice of digital dollars on Stellar’s payments platform, joining other USD-backed and euro-backed stablecoins already available on the system like UDSC and PYUSD.
Users do not have to hold XLM to send out payments; the network’s token is mostly used to cover transaction charges and maintain accounts. However, stablecoin usage would increase activity and make XLM popular amongst its peers.
XLM price approaches a familiar barrier XLM was swapping hands at $0.1903 at the time of this writing, having ranged between lows of $0.1854 during the trading session and climbed to $0.1964 at its highest. The total amount of trades of XLM has now totalled 87.09 million.
The price is now nearing $0.20 again, and this area stopped advances in July and again in the second half of August.
However, touching that level briefly may not be enough, since buyers will need to keep XLM above the level of $0.20 to suggest that a room for a potential rally is ahead.
Source: TradingView In that scenario $0.21 will be looked at next, then $0.22; again an area in the past that has brought sellers out.
If rejected from these levels, it means XLM could fall back down to around the $0.18 mark. It recently saw support from these regions; a rejection, however, means that it could potentially move into the trading regions last seen in August, which lie near $0.16.
Buying interest has started to pick up, although it is still nowhere near the levels of the sharp rallies it printed earlier in the year. Although XLM is moving in the right direction, the recovery is holding back for its biggest push.
Final Summary XLM reached $0.1964 as buyers pushed the price towards the repeatedly tested $0.20 level. USDT0 has expanded Stellar’s stablecoin offering, although its effect on demand for XLM remains uncertain.
Chainlink zavádí SVR, který rozšiřuje standardní Chainlink Price Feeds o volitelnou soukromou transmisní vrstvu a má vracet OEV zpět protokolu místo botům. Řešení se rozšířilo na Base, Arbitrum a BNB Chain.
Every time a Chainlink oracle pushes a new price onchain, it can instantly render some collateralized loans eligible for liquidation. Automated bots race to capture that opportunity, pocketing the profit while the protocol that generated the price update walks away with nothing. The industry has a name for it: Oracle Extractable Value, or OEV.
@chainlink has built a mechanism to change that. Smart Value Recapture (SVR) extends standard Chainlink Price Feeds with an optional private transmission layer. In practice, the price report travels two routes simultaneously: one through the public mempool as normal, and one through a private channel where searchers bid for the right to execute the resulting liquidation.
Designed to Be Non-Toxic A key feature of the design is its deliberate scope. Protocols that worry about the private route failing also have a safety net:
From Ethereum to Multi-Chain
Since that launch, adoption has broadened considerably. @chainlink has also added a second auction venue and extended SVR to Base, Arbitrum, and BNB Chain, deepening the multi-chain reach of the product.
Harmony uvedla, že po sjednocení převodů mezi burzami klesla dočasná mezera ONE na 6,581 miliardy z původních 10,234 miliardy. Současně koordinuje obnovení vkladů, výběrů a obchodování s ONE.
PANews, September 8 - Harmony released an update on the exchange reconciliation following the August 11 incident, stating that it has verified on-chain deposits, withdrawals, and cross-platform fund flows with Binance, Gate, KuCoin, MEXC, OKX, and Binance.US. Exchange teams have frozen large amounts of ONE balances and hacker proceeds. The current priority is to coordinate the resumption of ONE deposits, withdrawals, and trading as soon as possible, with specific resumption times to be announced separately by each exchange.
Harmony stated that after matching 295 cross-exchange transfers totaling approximately 3.493 billion ONE, and adjusting for circular transfers and return funds, the provisional gap has decreased from approximately 10.234 billion ONE to 6.581 billion ONE, a reduction of about 3.653 billion ONE. This change is due to adjustments in reconciliation methodology and does not equate to newly recovered funds. Among these, Binance's data remains a provisional upper-bound estimate, while some data from Gate and OKX are still pending final verification.
In addition, this work will be coordinated with the ONE migration and validator transition proposal. According to the proposal, validators may cease operations starting from 22:00 Beijing time on September 10.
Spoluzakladatel Solana Labs Anatoly Yakovenko řekl, že změna zdanění stakingových odměn IRS by pro ekosystém Solany znamenala víc než úpravy burn mechanismů, poplatků či inflace. Kritizoval, že odměny jsou daněny jako běžný příjem hned po jejich získání.
Anatoly “Toly” Yakovenko, co-founder of Solana Labs, made a pointed argument on September 7: changing how the IRS taxes block rewards would do more for Solana’s ecosystem than any tweak to the network’s burn mechanisms, transaction fees, or inflation schedule.
The tax problem nobody wants to do math on The core issue traces back to IRS Revenue Ruling 2023-14, which treats staking rewards as ordinary income the moment a validator or delegator gains “dominion” over them. In practical terms, that means if you earn 100 SOL in staking rewards and SOL is trading at $150, you owe income tax on $15,000, even if you never sold a single token.
This creates what tax professionals call “phantom income.” You have a tax bill on gains you haven’t actually realized. If SOL’s price drops 40% before you sell, you still owe taxes based on the higher value at the time you received the rewards.
The burden falls hardest on smaller stakers who may not have the liquidity to cover tax obligations without selling their rewards. That selling pressure, ironically, can push prices down further, creating a cycle that discourages the very participation proof-of-stake networks depend on.
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Legislative momentum, but no finish line In December 2025, Representative Mike Carey and 18 of his congressional colleagues sent a letter to the IRS urging the agency to revise its guidance on staking and mining rewards before the 2026 tax year.
The core of the reform argument is that staking rewards should be treated as newly created property, not income. Under this framework, tokens earned through staking would only become taxable when they’re actually sold.
The Solana Policy Institute has been active on this front as well, filing legal briefs that advocate for realization-based taxation on newly minted tokens.
Despite the bipartisan interest, the IRS hasn’t budged from its 2023 position. Revenue Ruling 2023-14 remains in effect, and no formal rulemaking process has been announced to modify it.
Solana’s tokenomics debate takes a back seat SGP-0002, a governance proposal that doubles Solana’s disinflation rate to 30%, was approved in late August 2026. The proposal accelerates the pace at which new SOL issuance decreases over time, making the token’s supply dynamics more deflationary.
Yakovenko’s framing suggests these efforts are secondary. His reasoning appears to be that enhancing network capacity and reducing latency, paired with favorable tax treatment, would have a compounding effect that dwarfs what protocol-level economic tweaks can achieve alone. He also indicated support for testing burn mechanisms specifically to benefit app developers, but positioned this as a complementary effort rather than the main event.
What’s actually at stake The implications extend well beyond Solana. Every proof-of-stake network in the US ecosystem faces the same tax headwind. Ethereum stakers, Cosmos delegators, and participants across dozens of other networks all contend with the same Revenue Ruling 2023-14 framework.
The 2026 tax year is already underway, meaning any retroactive guidance change would need to come relatively soon to affect current filing obligations. For US stakers across every network, the clock is ticking on a problem that no governance proposal can solve.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana spustila pětistupňové snížení minimálního zůstatku $SOL pro on-chain úložiště, což může uvolnit až 3,06 mil. $SOL k výběru. Nejde o airdrop, ale o vracení přebytku držitelům účtů.
Amid numerous network upgrades, Solana has started a 5-stage reduction in the amount of $SOL users must lock into accounts to cover onchain storage. The reform could eventually make about 3.06M $SOL available for users to reclaim.
Why Everyone Is Calling It a $319M Airdrop At around $100 per $SOL, that represents more than $300M. A price around $104 would put 3.06M $SOL near $319M, which explains the figure circulating online.
However, Solana users should not expect the network to distribute free $SOL. The tokens already belong to account holders. The rent reduction lowers the minimum balance required to maintain accounts, potentially leaving some accounts with excess lamports that users can reclaim. Solana activated the first SIMD-0437 feature gate at epoch 1028 on September 3. The change reduced the lamports-per-byte figure from 6,960 to 6,333, delivering an initial 9% reduction.
Developers will not automatically activate each remaining stage. They will examine state growth at each level before deciding whether to proceed. A separate safeguard, SIMD-0438, can restore the original 6,960 value if state growth creates problems.
The second stage reached testnet on September 3 and cuts the figure to 5,080 lamports per byte. Developers expect mainnet activation in mid-September. The remaining 3 stages target Agave 4.4, which is expected in November.
What “Rent” Actually Means Solana calls the required balance rent, but users do not permanently pay this money as a fee. The balance works as a refundable bond that covers the storage an account occupies across validators.
Solana calculates the minimum balance using:
Minimum balance = (128 + data size) × lamports per byte
SIMD-0437 ultimately reduces the constant from 6,960 to 696, a 90% reduction.
For an SPL token account, the change could reduce the deposit from about $0.159 to $0.0159, assuming similar economics. A business creating 1M token accounts could therefore see its required deposits fall from about $159,000 to $15,900.
How Can You Reclaim the Excess $SOL? If you have $SOL and other Solana ecosystem tokens in your wallet, you are definitely eligible for the claim, depending on the token accounts in your wallet.
You can now recover the difference between your current $SOL rent balance for each token account and the new minimum rent as the rent required reduces, using multiple tools such as Sol-Incinerator’s ‘incinerator’ tool.
The first stage of the rollout, which is currently live on mainnet, has reduced the required rent by about 10% of the 696 lamport target. The remaining 90% will be available to claim as the remaining 4 stages go live.
The reclaim mechanism adds another important part to the story. Solana's Token Program now includes a WithdrawExcessLamports instruction through its May P-token upgrade. The instruction is what enables wallet providers, DeFi apps, and other onchain services to claim the $SOL sitting above the rent-exempt minimum from a token account, mint, or multisig account without closing the account or affecting its token balance.
Another Step in Solana's Upgrade Cycle The Solana network is embodying the popular “Increase Bandwidth, Reduce Latency” maxim as the rent reduction arrives alongside other major Solana changes. SIMD-0525 recently reduced the target slot time from 400ms to 300ms, with 2 further reductions planned before the network reaches the proposed 200ms target.
Meanwhile, Transaction V1 has reached testnet and increases the maximum transaction size from 1,232 bytes to 4,096 bytes. The larger format could accommodate workloads such as ZK proofs, large multisigs, and confidential transfers within a single transaction.
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The Solana logo appears on the screen of a smartphone in Reno, United States, on December 5, 2024. (Photo by Jaque Silva/NurPhoto via Getty Images)
NurPhoto via Getty Images
“After 500 calls in the past few hours we got all the votes in the last few seconds and passed the disinflation proposal by a literal hair,” Mert Mumtaz, the chief executive of Solana infrastructure company Helius, posted to his 2.2 million followers on Friday, August 28. SOL changed hands at $101.73 on Friday, September 4, down 3.4% on the day.
The validator and data publication Solana Compass posted “SGP-0002: 67.001%. Bar: 66.667%. Margin: 0.334 pts,” as the count closed, with 176.29 million SOL voting for and 66.19 million against. “With 70 min left, it was losing by 58M $SOL. @mert made 500+ calls. Kraken reversed. JitoSOL overrode validators,” the same post said, putting turnout at 60.7% of eligible stake across 1,326 validators.
Lark Davis, a New Zealand-based commentator posted to his 1.5 million followers that Kraken had voted against mid-count “nearly sinking it before flipping at the last minute”, after the exchange moved roughly 8.9 million SOL against the proposal with under three hours left, and swung about 8.1 million back behind it in the final hour. “Less dilution for holders, lower staking rewards for validators. Not everyone’s happy, but the vote is done,” Davis wrote.
Trading Yield, Not Prices
MacBrennan Peet, the founder of Project 0, said on the On The Margin podcast: “when I think about trading, I think primarily about trading yield, not trading prices,”. Describing the delta-neutral yield hunt that sets the price of capital across chains. “So not necessarily taking directional exposure on something going 10x, but seeing a difference in spreads across market and taking advantage of that,” he said.
“Perhaps you want Bitcoin exposure. You’ve chosen that you want to be long Bitcoin. And now that you have the Bitcoin asset, you want to maximize your yield on it,” Peet said of the same hunt one asset over, describing the alternative as fragmented: “multiple fragmented accounts that also have no idea of your risk exposure across different venues.” According to Solana Company’s published figures, SOL holders are now maximizing on 4.34% in year one against 5.84% on the old schedule, 3.00% in year two and 2.25% in year three, assuming 68% of SOL stays staked.
“It’s math. It’s just a hard asset,” said the co-founder of bitcoin custody firm Onramp, Michael Tanguma. Making the case that scarcity is the only durable defense against a shrinking share. “Everyone gets diluted unless they import a harder form of money,” he said, and “now you’ve got to understand that there’s no real choices.”
Reopening The Settled, Deterministic Schedule
The Company’s objection is not to “lower issuance as an end state, but rather to reopening the settled, deterministic schedule,” Solana Company said on August 21, voting against SGP-0002 “on grounds of timing, not intent.” Staking on the Nasdaq-listed treasury vehicle’s own SOL produced $2.512 million of its $2.526 million in revenue in the quarter ended June 30, or 99.4%.
The proposal’s authors, the Helius engineers Lostin and 0xIchigo, who put the saving at about 18.9 million SOL over six years, wrote “41% of validators already opting for a 0% commission on emissions” will barely register the change.
Nothing Changes For Your Stake Today
“Nothing changes for your stake today. SGP-0002 is a governance mandate rather than a live protocol change yet,” wrote Andre Caldeira of the staking provider P2P.org. The cut lands only once SIMD-0550 is “accepted and activated through the normal Solana feature-gate process.”
The platform Nexo told its 279,000 followers on Wednesday that Solana’s validators voted through a “permanent cut to future token issuance,” listing it among the signals that “held up underneath” a soft week. It is the trade other networks have already run, and SOL sits far below the $250 level traders were modeling in the spring.
“SOL $1,000,” Mumtaz wrote to close the victory post, above a line of thanks: “THANK YOU TO EVERYONE WHO WAS OPEN TO CHANGING THEIR MIND”.
Kamino Finance has opened a new borrowing market on Solana that accepts ZEC, the bridged version of Zcash’s native token, as collateral. Users can now post ZEC to borrow USDC, or dial up their exposure using Kamino’s Multiply product, which loops positions to create leverage without requiring a centralized exchange.
How it works and why Kamino built it this way Kamino routes ZEC through cross-chain bridge infrastructure, specifically NEAR Intents and OmniBridge, to bring the asset onto Solana in a form the protocol can price and custody. ZEC first became tradable on Kamino Swap, the protocol’s aggregator, in late October 2025, so this lending launch is a logical next step rather than a sudden pivot.
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The ZEC market sits inside Kamino’s isolated lending architecture, where ZEC collateral risk is contained in its own pool rather than mingling with the protocol’s main liquidity. That structure lets Kamino set custom loan-to-value ratios and liquidation thresholds tuned specifically to ZEC’s volatility profile, without exposing core markets to spillover risk if ZEC experiences a sharp drawdown.
The Multiply feature automates the loop of borrowing USDC, swapping it back into ZEC, and redepositing in a single transaction. The result is amplified ZEC exposure funded by borrowed stablecoins.
Part of a bigger pattern at Kamino The most recent comparable move was the introduction of a PAXG market on or around July 27, 2026. PAXG represents tokenized gold, so Kamino effectively allowed users to borrow USDC against a digital representation of physical gold bars. ZEC follows the same template, just with a privacy-focused cryptocurrency rather than a precious metal.
What this means for ZEC and privacy-asset DeFi Zcash’s shielded transaction capability uses zero-knowledge proofs, but regulatory pressure around privacy coins has kept many centralized venues at arm’s length, and DeFi integration has lagged behind mainstream assets by years.
Kamino’s overall lending platform handles billions in aggregate market size across its various pools, though specific figures for the ZEC market have not yet been disclosed. No expert commentary or specific TVL data has surfaced regarding the ZEC market to date.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
DeFi Development Corp. plánuje nabídnout až 20 milionů USD v preferenčních akciích, aby rozšířila své držby Solana (SOL). Výnos má být použit i na nákupy dalších SOL.
DeFi Development Corp. (NASDAQ: DFDV), the firm that has built its balance sheet around accumulating Solana, has outlined plans for a new preferred-stock raise aimed at expanding that treasury. The company said it intends to offer up to $20 million of Variable Rate Series C Perpetual Preferred Stock, marketed under the nickname CHAD Stock, in a registered public offering.
The securities would carry a $10 stated amount per share and begin with an annual dividend rate of 13 percent, paid on a daily basis when declared.
The first regular payment is scheduled for October 1, 2026. Because the stock is perpetual, it has no maturity date.
The underwriter would also receive a 30-day option to buy an additional 15 percent of the shares. R.F. Lafferty & Co. is serving as sole book-running manager.
Completion remains subject to market conditions, and the company cautioned that size and final terms could still change.
Management said net proceeds would go toward general corporate purposes.
That list includes working capital, purchases of additional SOL, other digital-asset investments, strategic deals, and growth projects.
In other words, the raise is designed to keep DFDV’s core strategy moving: convert newly raised capital into more Solana and related exposures rather than rely solely on common-stock issuance.
At closing, the company plans to set aside a dividend reserve equal to the first 12 months of payments at the initial 13 percent rate, funded with cash, financial instruments, or digital assets.
The timing fits a broader pattern. DFDV has repeatedly used equity programs, convertible notes, and at-the-market facilities to scale its SOL holdings while tracking a metric it calls SOL per share.
Last week it reported that it had resumed buying Solana, adding roughly 19,000 SOL at an average price of about $98.
Earlier communications have described preferred equity as a cleaner form of leverage than convertible debt, because distributions can theoretically be supported by staking yield, validator income, and other on-chain activity rather than by issuing more common shares.
The new variable-rate series is the latest attempt to put that idea into practice.
For investors, the instrument sits between ordinary equity and senior debt.
Holders would rank ahead of common stockholders for dividends and in a liquidation, but the coupon can be adjusted after the first period at the board’s discretion, and payments still depend on legally available funds.
The company has applied to list the shares on Nasdaq under the ticker CHAD.
Whether a liquid market develops after listing is another open question.
The proposal also reflects how digital-asset treasury companies have evolved.
Instead of treating crypto simply as an unproductive reserve, DFDV presents Solana as an asset that can appreciate and generate yield. Preferred stock, in that framing, becomes a way to add leverage without the forced-sale risk of margin loans.
Critics will note the usual caveats: SOL prices remain volatile, dividend coverage is not guaranteed, and any new senior claim sits ahead of existing common shareholders.
Still, the announcement is consistent with DFDV’s stated goal of compounding Solana exposure per share over a multi-year horizon. If the offering closes near the proposed size, it would give the company another modest but targeted pool of capital to deploy into the same asset that already dominates its treasury.
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Podíl Solany na globálním objemu tokenizovaných akcií spadl během dvou týdnů z 71 % na 30 %. Kapitál odtáhly memecoinové páry na BNB Chain a Robinhood Chain.
Solana went from controlling nearly three-quarters of on-chain tokenized equity trading to holding less than a third. The culprit? Memecoins dressed up in stock-market clothing on competing chains.
Over a two-week stretch ending around August 27, 2026, Solana’s daily share of global tokenized stock volume collapsed from 71% to 30%, according to Blockworks. The decline wasn’t driven by anything breaking on Solana itself. Instead, rival EVM-compatible chains, specifically BNB Chain and a new Robinhood-branded chain, introduced hybrid trading mechanics that paired memecoins with tokenized real-world assets, pulling speculative capital away from Solana at a remarkable clip.
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How meme/stock pairings rewired the market Rather than simply listing tokenized versions of stocks the way Solana’s xStocks protocol does, BNB Chain and Robinhood Chain created trading pairs that bundle a memecoin with a tokenized equity. On BNB Chain, a meme/stock pair called $牛来 reached a peak market cap of $77 million. On Robinhood Chain, a pair branded $AI hit $67 million.
The design also forces users to bridge assets onto the host chain in order to participate. That bridging activity inflates transaction volumes, which in turn makes the chains look more active, which attracts more traders.
The contrast with Solana’s earlier dominance is stark. During Q2 2026, and particularly around a wave of SpaceX-related tokenized equity activity in June, Solana captured between 95% and 97% of all on-chain tokenized equity spot trading volume.
Solana’s absolute numbers tell a different story The network has processed over $9.5 billion in cumulative tokenized stock volume since the xStocks protocol launched in July 2025. It has 288,000 unique holders. And it has generated $56 million in equity-backed lending pools as of late August 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@injective has announced that staking on its network has hit a new all-time high, with 58.8 million $INJ tokens now locked with validators. That figure represents roughly 59% of the protocol's fixed 100 million total supply, a level the team described as one of the highest staking ratios among layer-1 blockchains.
A Sharp Climb From 2023 The milestone marks a significant shift from where the network stood just three years ago. Staked supply has risen from approximately 42 million INJ in September 2023, with the bulk of that growth coming over the past several months. The climb reflects both growing confidence in the network and the structural incentives built into the protocol.
What a High Staking Ratio Means for the Network That dynamic has been reinforced by the protocol's burn mechanics.
The growing staking base has also attracted institutional attention. Separately,
Wintermute, one of the largest algorithmic market makers in digital assets, has quietly built a position worth more than $3 million in PONS, the governance token for the leading meme-coin launchpad on Robinhood Chain. Blockchain analytics firm Arkham Intelligence flagged the accumulation on September 5, noting that Wintermute’s holdings had grown from roughly $2 million to north of $3 million through a series of incremental purchases on Uniswap.
The buying pattern suggests a time-weighted average price strategy, which is basically the crypto equivalent of dollar-cost averaging on autopilot. Instead of slamming the order book with one big trade, a TWAP algorithm spreads purchases across time intervals to minimize price impact.
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What PONS actually is PONS serves as both the governance and utility token for Pons, a launchpad platform built on top of Robinhood Chain. The chain itself went live on July 1, 2026, and Pons quickly established itself as the dominant launchpad in the ecosystem, leading in both trading volume and daily active addresses.
The token’s price trajectory reads like a fever chart. PONS traded near $0.003 in mid-July, then climbed to peaks above $0.50 by early September. That’s roughly a 16,000% move in under two months.
Pons generates revenue through its launchpad operations and channels a portion of that back into token buybacks and burns. The mechanism creates a direct feedback loop: the more activity the launchpad sees, the more tokens get pulled out of circulation.
What Wintermute’s involvement signals Arkham was careful to note that Wintermute has not disclosed a market-making mandate for PONS. That distinction matters. When a firm like Wintermute takes on a market-making role, it’s typically compensated by the project or its foundation, often through token loans or fee arrangements. A proprietary position, by contrast, suggests the firm sees value in holding the asset for its own book.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Adresy spojené se sankcionovanou severokorejskou Lazarus Group přes Hyperliquid přesunuly více než 30 milionů USD, podle Arkham Intelligence. Toky zahrnovaly bitcoin, ether i solanu a mířily na centralizované burzy.
Wallets tied to North Korea’s sanctioned Lazarus Group have been routing tens of millions of dollars through Hyperliquid, according to on-chain work first published by Arkham analyst Emmett Gallic.
The finding lands just as the Trump administration is trying to pull the same derivatives venue into the regulated US market.Gallic reported that addresses linked to the OFAC-designated group moved more than $30 million through Hyperliquid’s HyperUnit bridge as recently as August 30.
Investigator ZachXBT had already tied those same addresses in 2024 to about $61 million in stolen bitcoin.
In the latest flow, funds arrived as bitcoin, were swapped into ether and solana, then bridged out to Tron, Solana, and Ethereum.
From there they reached KuCoin, LBank, Kraken, and several unlabeled Tron services.
Gallic split the activity into two clusters: one of about $30 million that traces to wallets already labeled Lazarus, and another of about $5 million that shows similar dormancy, address style, and counterparties.
That pattern is not a claim that Hyperliquid itself was breached.
It is a claim that a permissionless venue can be used to convert and hop stolen coins before they hit centralized exchanges.
Public ledgers show the path. They do not by themselves show whether those exchanges later froze accounts, filed reports, or blocked further withdrawals.
The policy backdrop makes the tracing more than a crime-lab footnote.
At a White House gathering in mid-August, President Donald Trump said CFTC Chairman Michael Selig was working to bring Hyperliquid into the United States “in a fully compliant and legal fashion.”
Separate reporting has described advanced talks between Hyperliquid Labs and Payward, Kraken’s parent, about offering some perpetual futures to American traders through Bitnomial, a CFTC-regulated exchange and clearinghouse.
An onshore product would still have to satisfy derivatives rules, customer-protection standards, market surveillance, and sanctions screening—requirements that sit uneasily next to wallet-to-wallet trading with no traditional KYC gate.
Hyperliquid grew into the largest decentralized home for perpetual futures by letting users trade from a wallet rather than a brokerage account.
That design helped it process trillions of dollars in cumulative volume.
It also leaves developers unable to force identity checks on every address that touches the chain.
Product filings for HYPE-linked funds have already listed that gap as a sanctions risk.
Lazarus-linked wallets were flagged on the platform as early as late 2024, when earlier suspected DPRK activity helped spark a large one-day outflow even though the protocol said no user funds were taken.
US agencies have long argued that North Korean cyber units steal crypto to finance weapons programs.
Analytics firms put 2025 DPRK-linked theft near $2 billion. Converting bitcoin on a high-liquidity perps venue, then bridging into other networks before cash-out, matches a familiar layering playbook.
Addresses linked to OFAC Sanctioned Lazarus Group (North Korea) have been actively moving $30M+ through Hyperliquid (HyperUnit) as recent as yesterday.@zachxbt identified these addresses as Lazarus Group in 2024 linked to $61M in stolen fundshttps://t.co/RNJ4NMBrxA pic.twitter.com/CvivPLVnEL
— Emmett Gallic (@emmettgallic) August 31, 2026
None of that proves an intent to sabotage Hyperliquid’s US ambitions.
It does give regulators a concrete case when they ask how a permissionless global book can be walled off from a compliant American offering.
The open questions are practical.
Who controls the deposit accounts at the centralized exchanges? Which of those firms acted after the coins arrived? And can an onshore Hyperliquid product be designed so that sanctioned clusters on the open protocol do not bleed into U.S. order flow?
Until those answers are public, the $30 million trail is less a verdict on Hyperliquid than a stress test of whether DeFi can enter US markets without importing the same sanctions problem that thrives in wallet-native trading.
Sui Foundation uvedla, že Mysticeti vynechává certifikační kolo a zkracuje dobu finalizace konsensu na zhruba půl sekundy. Jednoduché transakce se podle ní vypořádají asi za 250 milisekund.
How Mysticeti Rewrote the RulesMost legacy blockchain consensus designs require each proposed block to collect signatures from a quorum of validators before it is considered valid. That certification round adds meaningful overhead: under the older Narwhal-Bullshark setup that @SuiNetwork previously ran, a commit could take as many as three round trips before it was finalised.
Mysticeti removes that bottleneck. According to the Sui Foundation, the protocol takes a different approach: validators simply sign and share their blocks directly, without waiting for a formal certification step. A novel commit rule then decides when each block is ready, meaning every block can be committed as soon as the rule is satisfied, with no added delay. The result is a consensus commit time of roughly half a second, with single-owner transactions settling even faster at around 250 milliseconds.
The academic paper behind Mysticeti, published on arXiv, confirms the headline numbers: Mysticeti-C is described as the first Byzantine consensus protocol to achieve wide-area network latency of 0.5 seconds for consensus commit while simultaneously maintaining throughput exceeding 200,000 transactions per second. Integrating it into Sui produced compared to what came before.
Parallel Proposals and the Mysticeti v2 Extension That is a deliberate departure from older designs, where validators effectively took turns, and each slot was limited to a single block per validator.
Dropping the certification round creates a side effect: without the one-block-per-validator-per-slot constraint that the old signing round enforced, a validator can now propose more than one block. The commit rules carry the responsibility for handling that. @SuiNetwork addressed this further with Mysticeti v2, which builds on top of the original rather than replacing it. Mysticeti v2 also folds a fast path into the DAG structure itself, allowing eligible transactions to settle at even lower latency.
That improvement, combined with a reported , makes the architecture a meaningful step forward for validators and application developers building on the network.
Sources:
Sui Foundation: Mysticeti Set to Supercharge Consensus on Sui
arXiv: Mysticeti: Reaching the Limits of Latency with Uncertified DAGs
Sui Foundation: Mysticeti v2: Faster and Lighter Sui Transaction Processing
Flare po revizi tokenomiky zvýšil vsazený FLR od července asi o 34 % na 21,5 miliardy. Zároveň klesla inflace a spalování transakčních poplatků je nyní více než 10× nad úrovní před upgradem.
Flare has recorded a roughly 34% increase in staked FLR since July, taking the total to 21.5 billion tokens as its revised economic model cuts inflation and ties more network activity to token burns and protocol revenue.
Summary
Flare staking increased from about 16 billion to 21.5 billion FLR after the July upgrade. FIP.16 reduced annual FLR inflation from 5% to 3% and lowered its issuance ceiling. Transaction-fee burns have risen to more than 10 times their level before the network upgrade. FIRE has collected $31,438 from four revenue sources since it started operating in May. Flare staking has increased to 21.5 billion FLR DefiLlama Research reported on Sept. 4 that Flare’s tokenomics changes are producing measurable onchain results four months after the network approved FIP.16.
Staked FLR rose from approximately 16 billion in July to 21.5 billion, an increase of about 34%. The portion of all staked or delegated FLR held in staking climbed from roughly 32% in April to 46% by late August, with much of the increase occurring within weeks of the July 14 network upgrade.
Under FIP.16, FLR locked on Flare’s P-chain carries five times the signing weight of wrapped FLR delegated on its C-chain. Delegated tokens remain liquid and can be withdrawn at any time, while P-chain staking requires holders to lock their capital with a validator.
Signing weight determines how much influence infrastructure providers have when producing blocks and operating Flare’s native data systems. Providers run the Flare Time Series Oracle, which supplies price feeds, and the Flare Data Connector, which verifies information from other blockchains and Web2 services.
Before FIP.16, different Flare protocols calculated voting weight in different ways. The revised system applies one calculation across FTSO anchor feeds, FDC, and block-latency feeds, with locked stake receiving the fivefold weighting.
Flare’s official governance proposal said the change was designed to put more influence behind committed capital and make the network’s core services equally costly to attack.
At the same time, the July upgrade raised the maximum stake per validator from 200 million to 300 million FLR. It also introduced a network-wide minimum delegation fee of 20%, replacing the previous minimum of zero.
Flare said the fee floor should prevent providers from competing through unsustainably low charges. Infrastructure providers must operate validators, collect data, maintain independent systems, and participate in governance, according to the proposal.
Flare tokenomics changes cut inflation and raise burns Annual FLR inflation fell from 5% to 3% on May 14, cutting the headline rate by 40%. The annual issuance ceiling also declined from 5 billion to 3 billion FLR.
With an inflatable supply of about 87 billion tokens, the 3% rate produces a gross yearly issuance of roughly 2.6 billion FLR, according to DefiLlama Research. Actual issuance may decrease over time because FIP.16 also changed, which balances count toward the calculation.
Permanently burned FLR, tokens held by the Flare Income Reinvestment Entity, and unearned rewards placed in certain penalty pools are excluded from the inflation base. As those balances increase, the amount subject to the 3% calculation becomes smaller.
Transaction burns accelerated after Flare implemented its Granite upgrade on July 14. Official network release notes show that the minimum C-chain base fee increased from 25 gwei to 500 gwei.
All FLR paid as base transaction fees are permanently destroyed. Flare had burned 15.6 million FLR through transaction fees in 2026 by the time DefiLlama published its report, with more than 40% of the total burned following the July upgrade.
Consequently, the current burn pace sits at more than 10 times its pre-upgrade baseline. Usage determines the amount destroyed because every transaction removes FLR without requiring a new vote or a treasury decision.
Higher gas settings have not made simple transfers expensive in dollar terms. DefiLlama estimated that a basic transfer costs around 0.064 FLR, although transactions involving smart contracts may consume more gas.
Activity feeding the burn mechanism has also expanded through Flare’s FAssets system. In May, an FAssets v1.3 upgrade allowed users to mint FXRP from centralized exchanges such as Binance and Kraken through an XRP Ledger destination tag. FLR rose 14% on the day the upgrade went live, crypto.news reported at the time.
FIRE has started collecting network revenue FIP.16 created FIRE as a governed entity responsible for receiving revenue generated by Flare’s protocols. Its primary mandate permits the entity to reduce FLR supply through token burns and open-market purchases.
Secondary uses include supporting asset issuers, application yields, liquidity programs and the Flare Foundation’s network operations. Flare initially administers the entity through its foundation.
Four income sources are already active. FIRE receives all FAssets minting fees, 90% of FDC request fees, 10% of FAssets redemption fees, and FLR paid for FXRP destination-tag registrations.
Since collections began in May, FIRE has received assets worth $31,438, according to the DefiLlama report. FAssets minting provided $18,248 across 7,708 mints, making it the largest source.
FDC request fees contributed another $12,676 after collections from that service began on Aug. 18. Destination-tag registrations added $505, while FAssets redemption fees supplied $9.
Two sources pay FIRE in FLR, and two pay in FXRP. As a result, the pool’s reported dollar value changes with token prices as well as the volume of protocol activity.
FDC activity supports several services behind those revenue streams. Flare uses the connector to verify payments and events outside its network, including XRP Ledger transactions involved in creating FXRP.
A July update simplified FXRP access by allowing users to mint the asset and enter selected vaults with one XRP Ledger signature. At the time, FXRP deployed in DeFi had increased from 82 million in February to 144 million, while users had created nearly 24,000 Flare Smart Accounts.
FIRE’s current receipts remain small compared with approximately 2.6 billion FLR in estimated gross annual issuance. Flare’s model therefore still relies mainly on reduced inflation and transaction burns rather than on enough protocol income to offset token creation.
Planned income from Flare Smart Accounts, Confidential Compute, and protocol-level maximal extractable value has yet to enter FIRE. Flare said its MEV system would capture value from permitted activities such as liquidations, atomic arbitrage, cross-chain arbitrage, and just-in-time liquidity.
According to Flare’s April explanation of FIP.16, its DeFi ecosystem processed more than 660,000 transactions involving cyclic-arbitrage structures and over 1,000 liquidation events during the first quarter of 2026. The company said the amount that FIRE could collect from MEV would depend on the volume and type of DeFi transactions processed by the network.
FXRP activity connects Flare with U.S.-regulated RLUSD FAssets give tokens from networks without smart-contract support a usable form on Flare. FXRP represents XRP within that system, allowing holders to place the asset in lending markets, liquidity pools, vaults, and other decentralized applications.
Flare said in April that more than 150 million FXRP was in circulation, with about 85% deployed across DeFi. At that point, the network had more than $160 million in total value locked under DefiLlama’s standard calculation and over 880,000 active addresses.
Part of that activity now reaches Ethereum. In August, FXRP received approval as collateral in Sentora’s RLUSD Main vault on Morpho, allowing holders to borrow Ripple’s dollar-backed stablecoin without selling their XRP exposure.
The RLUSD lending market provides a relevant U.S. connection because Ripple received approval for the stablecoin from the New York Department of Financial Services in December 2024. Sentora reviewed FXRP’s liquidity, price behavior, oracle design and liquidation mechanics before accepting it as collateral.
Morpho uses isolated lending markets, limiting problems with one collateral asset to its specific pool rather than exposing every market in the protocol. Borrowers must deposit more FXRP than the value of RLUSD they receive, and liquidations depend on enough FXRP liquidity being available to repay lenders.
FIRE may move to joint community governance after its first year. Initiating the change requires support from holders representing at least 50% of Flare’s total inflatable FLR supply, after which the network would elect four representatives from infrastructure providers operating across Flare and Songbird.
Bonk (BONK) is edging lower and trading at $0.00000318 on Monday, weighed down by a broader cryptocurrency market correction. The meme coin was rejected around $0.00000367 the day before, cutting short a recovery attempt. If support at $0.00000300 holds, the meme coin could stabilize ahead of another recovery attempt.
Upbit to delist BONK citing user protection risksUpbit, one of South Korea’s leading crypto exchanges, announced it will remove BONK from its tradable asset list on Monday, including the trading pairs BONK/KRW and BONK/USDT. In a press release, the exchange said the delisting follows its “Digital Asset Trading Support Termination Policy,” which flagged multiple shortcomings and the risk of user harm.
Upbit said its evaluation revealed several risks and incidents, including unexplained security breaches such as hacking, and that the digital asset’s wallet and the distribution ledger used to issue and store the token remained unresolved. BONK was flagged as a cautionary trading item on July 7, but the exchange’s concerns were not resolved as per its termination policy.
Investors will no longer be able to trade the asset as of Monday, but withdrawals will be supported until October 7. Deposits will remain suspended; therefore, investors have been cautioned against sending funds to the platform.
Upbit has also designated Mantra (MANTRA) and related pairs as a cautionary trading item, temporarily suspending deposits and withdrawals.
Technical analysis: BONK slides toward short-term supportBONK is correcting lower, trading around $0.00000318. The meme coin is down over 7% on the day and appears poised to test the key support at $0.00000300. Meanwhile, the descending trendline provides short-term support that, if defended, could support BONK’s recovery outlook.
BONK/USDT daily chartMomentum remains mixed, as the Relative Strength Index (RSI) at 55 falls toward the midline, suggesting that bears are tightening their grip. With the Moving Average Convergence Divergence (MACD) holding above its signal line and the histogram staying positive, momentum leans toward a constructive bias rather than a full-fledged correction. On the upside, a recovery above supply at $0.00000367 would open the door to gains targeting highs beyond $0.00000400.
Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
@Zebec_HQ has added support for $ZANO and fUSD inside its SuperApp on iOS and Android, giving holders of both assets a direct path to spending their crypto at Mastercard merchants worldwide.
Two Card Options for Zano Holders Users can load either a single-use Silver card or top up a reloadable Carbon card within the app. When a purchase is made at a Mastercard terminal, the crypto balance converts into fiat at the point of sale, removing the need for users to manually off-ramp funds in advance. The integration brings Zano's privacy-focused assets into a platform that already combines payroll streaming, card management, and staking in one place.
What Zano and fUSD Bring to the Table Its Confidential Assets framework underpins fUSD, the network's native stablecoin.
The Zebec mobile integration represents a meaningful step for @zano_project, pairing its privacy infrastructure with a consumer-facing payments app and a globally accepted card network. For holders looking to use $ZANO or fUSD in everyday purchases, the SuperApp now provides that bridge without giving up the privacy properties that define the Zano chain.
Sources:
Zebec SuperApp Launch: Crypto Fintech Convergence and Platform Strategy Implications
How Zano Brings Privacy to Mainstream Crypto Users (CoinGecko)
What is Freedom Dollar (fUSD)? (Bitcoin.com)
RedTeam na Bittensoru zvýšil úspěšnost detekce botů z 74,3 % na 99,5 % za 11 měsíců nepřetržitého adversariálního testování. Innerworks chystá novou fázi s „Immune System“ a výzvou „Bot Virus“.
What if you could turn a decentralized mining network into a global army of ethical hackers? That’s the premise behind RedTeam, a subnet on Bittensor that pits miners against each other in competitive security challenges. And the results, at least on paper, are hard to ignore: bot detection efficacy jumped from 74.3% to 99.5% over 11 months of continuous adversarial testing.
The project, operated by cybersecurity firm Innerworks under Bittensor’s subnet 61 (SN61), is now gearing up for its next phase. An “Immune System” designed to expand bot detection into real-time attack-and-defense operations is on the way, complete with a new challenge called “Bot Virus” that aims to breed adversarial agents capable of doing both simultaneously.
How turning miners into hackers actually works Miners submit code-based solutions to specific security challenges. Those solutions get evaluated in controlled environments, and performers earn TAO tokens based on how well their submissions stack up against the competition.
Since its launch in late 2024, RedTeam has run 14 distinct challenges, deprecating 9 of them as the network’s capabilities matured past the difficulty threshold.
The challenges span a range of security scenarios, from human-behavior mimicry to automation bypass testing. Miners submit Docker-based solutions, which means each entry is a self-contained software package that can be spun up and tested in isolation.
The 99.5% bot detection figure is the headline stat, but the more telling number might be this: while RedTeam’s network was sharpening its detection capabilities, the average performance rate of competing systems fell to just 14.6%.
Enterprise traction beyond the subnet Innerworks has integrated its technology with 1inch, the well-known DeFi aggregation protocol, and with a major messaging application that serves over 100 million daily active users.
Beyond those two, five additional enterprise applications are currently being tested on the platform. Those five collectively carry valuations exceeding $22 billion and each processes more than 1 billion transactions per week.
The Immune System and what comes next The centerpiece is the “Bot Virus” challenge, which flips the traditional attacker-defender paradigm. Instead of miners only building better detectors, they’ll also be tasked with creating adversarial agents that can simultaneously attack and defend.
The Immune System will feature encrypted submissions, a design choice aimed at preventing miners from copying each other’s work. It will also introduce enhanced incentive structures to reward continuous innovation rather than one-time breakthroughs.
On the economic side, Innerworks plans to initiate alpha token buybacks funded through revenue from its SaaS operations, alongside locked profits and upcoming emissions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hyperliquid is expanding its builder-deployed perpetual market framework with an optional add-on known as HIP-3*. The change, discussed by co-founder Jeffrey Yan on September 3, 2026, is meant to let independent market operators restrict access to selected venues without rewriting the protocol’s open core.
HIP-3 already lets qualified builders launch their own perpetual venues on HyperCore.
A deployer that stakes the required HYPE can define assets, oracles, leverage, fees, and other parameters, then run the market and settle it.
Each such venue has its own order books and margin rules, while still using Hyperliquid’s shared matching and settlement stack. HIP-3* sits on top of that model.
It does not replace existing deployments or force every builder to lock down access.
The centerpiece is an on-chain allowlist.
The deployer, or a sub-deployer it authorizes, can add or remove wallet addresses that are allowed to trade on that venue.
Because the list lives on-chain, access rules are enforced at the market itself rather than through an off-chain gatekeeper.
Operators that do not need restrictions can ignore the feature and keep markets open to any wallet.HIP-3* also adds limited proxy actions on a permissioned venue.
Authorized parties can cancel a user’s resting orders, cancel all of that user’s orders and TWAPs on the same venue, place reduce-only orders on the user’s behalf, or move collateral between accounts on that venue.
Those powers can be granted one by one to sub-deployers.
They do not apply across other DEXs on the chain.
The design is framed as infrastructure, not a protocol-level KYC regime.
Hyperliquid presents itself as a neutral execution layer. Independent operators remain responsible for how they run their markets and for any eligibility rules they choose to impose.
An allowlist is a technical control, not a regulatory blessing.
A deployer might use it for institutional clients, jurisdiction-specific products, or other constrained audiences; another deployer can leave the same stack fully open.
A first version is already live on testnet. Specs there are still draft and may change after builder feedback.
Mainnet timing has not been locked. Existing HIP-3 markets are slated to keep working as they do today when the upgrade arrives.
The option matters because HIP-3 has already pulled a wide range of instruments onto one high-performance book: equities, commodities, indices, FX, and pre-IPO names among them.
Some of those products sit more comfortably behind eligibility checks. HIP-3* gives operators a way to meet those constraints without spinning up a separate chain or abandoning HyperCore’s speed and shared accounts.
In short, Hyperliquid is adding a switch, not flipping the whole network to permissioned mode.
Builders who want closed venues get on-chain tools. Builders who want open venues keep the original HIP-3 path. The protocol stays a shared settlement and matching layer; access policy stays with the party that deployed the market.
Bulk spustil mainnet beta a v první den zpracoval přes 22 mil. USD objemu, čímž překonal debuty Hyperliquid i Lighter. Start ale narušila dočasná cenová odchylka, která spustila likvidace a ADL.
After months of anticipation, Bulk, an emerging Solana perpetual futures trading venue, has finally opened the doors to its invite-only mainnet beta launch.
Much to the delight of over 15,000 pre-depositors, Bulk’s launch hit Solana’s perps race with a bang, reportedly netting over $22M in Day 1 trading volume and outpacing the giants who came before it.
However, despite palpable excitement, it wasn’t all smooth sailing for the venue. Concentrated, aggressive trading caused a temporary price dislocation, triggering large liquidations and ADL.
Bulk Records $22M in Day 1 Trading After first launching its testnet in March 2026, and amassing peak TVL of $40M in pre-deposits, Bulk is finally live in mainnet beta. An estimated 15,000 wallets are eligible for the invite-only soft launch, with access being periodically rolled out to other users over the coming weeks.
According to Bulk CEO Kobie McGlashan, Bulk processed over $22M in day one volume, surpassing the traffic witnessed by market leaders like Hyperliquid and Lighter on their respective debuts.
Comparatively, Bulk’s $22M launch would’ve placed it in fourth position in Solana’s perp DEX volume rankings, trailing GMTrade, Pacifica, and Jupiter. While an impressive start for the emerging venue, it’s important to note that some of Bulk’s volume may be driven by mercenary capital.
Bulk is expected to deliver one of Solana DeFi’s most anticipated future airdrops, prompting traders to generate volume on the platform in exchange for AURA, or points.
Debut Marred by Temporary Price Dislocation While Bulk’s maiden voyage attracted plenty of volume and demonstrated strong demand from traders, market data shows that some users took advantage of the venue’s Day One liquidity to force a price dislocation and trigger liquidations.
According to co-founder & CTO Junaid Peel’s public statement, one wallet traded aggressively through the venue’s Day One liquidity, rebuilding a large short position while undergoing partial liquidations.
The trader’s behaviour ultimately caused a market-wide price dislocation, triggering liquidations across several positions and causing cascading auto-deleveraging. Bulk has communicated that affected users will be reimbursed following incident review.
Despite the growing pains, McGlashan has asserted that targeted market manipulation practices are commonplace in the crypto industry. Challenges like what Bulk faced on Saturday are particularly common for new and emerging venues, and even established venues can fall victim to sophisticated attacks.
In March 2026, a malicious actor forced a self-liquidation by manipulating the price of $JELLYJELLY, effectively passing a toxic position to the HLP, causing several million in losses and threatening to liquidate the entire vault at certain price thresholds.
While unsettling in the short term, incidents like the above only help to make perpetual trading venues more resilient in the long term, enabling stronger and more efficient markets and safer trading for users.
Read More on SolanaFloor The memes are coming home
Solana Reclaims Memecoin Flows as Stonk.fun Flips Pump, Hyperliquid in Daily Revenue
Capital B SA dokončila navýšení kapitálu o 25,3 milionu EUR a z výnosu koupila 376 Bitcoinů za průměrných 67 287 EUR za kus. Firemní treasury tak přesáhla 1 800 BTC.
Capital B SA has completed a €25.3 million capital increase and used the proceeds to buy 376 Bitcoin, adding another European name to the corporate BTC treasury trend.
The company acquired the Bitcoin at an average price of €67,287 per coin, bringing its total treasury reserve to more than 1,800 BTC. That puts Capital B firmly into the category of public-market companies using Bitcoin as a central balance-sheet asset.
It is not MicroStrategy. It is not Metaplanet. And it should not be confused with either.
But the strategy is familiar: raise capital, buy Bitcoin, and make BTC a core part of the company’s identity.
For more details, visit the official Actusnews platform.
TL;DR Capital B SA raised €25.3 million. The company used the proceeds to acquire 376 BTC. Its corporate treasury now holds more than 1,800 BTC. Europe Gets Another Bitcoin Treasury Story The corporate Bitcoin treasury trade has spread well beyond the United States.
Companies in different markets have begun using BTC as a reserve asset, a capital-markets strategy, or a way to reposition themselves around digital assets. Capital B’s latest purchase shows that the model still has traction in Europe.
The numbers are clear.
A €25.3 million raise funded a 376 BTC acquisition at an average price of €67,287. That gives investors a concrete way to measure the company’s Bitcoin exposure rather than relying on vague treasury language.
Why The Purchase Matters Corporate Bitcoin purchases matter because they turn BTC into a balance-sheet strategy.
For some companies, Bitcoin is a reserve asset. For others, it is a market identity. In both cases, the strategy changes how investors value the company.
A business holding more than 1,800 BTC is no longer assessed only on its operating performance. Its equity may also trade partly as a Bitcoin proxy.
That can attract investors during bullish markets.
It can also add pressure when Bitcoin falls.
Capital Raises And Bitcoin Buying Go Together The funding route matters.
Capital B did not only disclose a Bitcoin purchase. It completed a capital increase and then deployed proceeds into BTC. That makes the transaction part of a capital markets strategy, not just a treasury reallocation from spare cash.
Investors will watch whether this model continues.
If companies can raise capital and buy Bitcoin at terms shareholders accept, treasury balances can grow quickly. But dilution, market conditions, and BTC price all affect whether the strategy remains attractive.
Do Not Flatten Every Treasury Company Into One Story It is tempting to compare every corporate Bitcoin buyer with the biggest names in the sector.
That can be useful, but it can also be lazy. Capital B has its own jurisdiction, shareholder base, reporting obligations, financing structure, and treasury size. It should be treated on its own terms.
The common thread is Bitcoin.
The differences are in execution.
That is where investors need to pay attention.
The Market Signal Capital B’s purchase is another sign that corporate Bitcoin accumulation remains active.
A 376 BTC purchase may not be huge compared with the largest treasury holders, but it is meaningful for a European company building a Bitcoin reserve. The total balance above 1,800 BTC gives the strategy weight.
The next question is whether Capital B continues raising and buying.
For now, the company has added fresh BTC to its balance sheet and given the European market another corporate treasury data point to track.
This article draws on Capital B SA’s September 7 regulatory release relating to its capital increase and Bitcoin acquisition.
This article was written by the News Desk and edited by Samuel Rae.
Singapurec Malone Lam, 22letý občan Singapuru, se přiznal v kauze krádeže více než 4 100 bitcoinů v hodnotě přes 240 milionů USD. Podvodníci se vydávali za Google a Gemini.
The oldest trick in the con artist’s handbook, updated for the crypto age: call someone pretending to be from a trusted institution, create enough panic, and walk away with their life savings. In this case, the life savings happened to be more than 4,100 Bitcoin, worth over $240 million at the time of the theft.
Malone Lam, a 22-year-old Singaporean national, is scheduled to appear in a U.S. federal court on September 9, 2026, to enter a guilty plea linked to one of the largest Bitcoin thefts ever prosecuted on American soil.
How the scheme worked Lam and his associates allegedly impersonated representatives from both Google and the Gemini crypto exchange, contacting a wealthy investor based in Washington, D.C.
The goal was straightforward, even if the execution was elaborate: convince the target that his accounts were compromised, then talk him into handing over security codes and access credentials. Once inside, the group transferred his Bitcoin holdings out of his control entirely.
The theft occurred in August 2024, though the broader criminal operation had been running since approximately October 2023. By the time authorities dismantled it, the group had been linked to thefts totaling more than $263 million across multiple incidents stretching through March 2025.
The FBI arrested Lam in September 2024 at a mansion in Miami, a detail that says everything about how the stolen funds were being spent. Prosecutors allege the group converted Bitcoin into cash and then burned through it: dozens of sports cars, private jets, and a single nightclub visit in Los Angeles that reportedly ran to over $569,000.
A landmark prosecution This case carries legal significance that extends well beyond the dollar amount. It marks the first time a Bitcoin-related prosecution has been brought under the Racketeer Influenced and Corrupt Organizations Act, better known as RICO, a statute historically associated with organized crime syndicates rather than crypto theft rings.
Eighteen people have been indicted in connection with the scheme. Ten have already pleaded guilty ahead of Lam’s scheduled hearing, suggesting prosecutors have built a durable case from the inside out. Lam himself faces a minimum sentencing guideline of 14 years in prison if the plea proceeds as expected.
The operation also had a physical dimension that investigators found notable. The group reportedly conducted home burglaries specifically to steal hardware wallets, the small USB-like devices that store crypto private keys offline.
What this means for crypto security Exchanges invest heavily in technical infrastructure, multi-factor authentication, and blockchain-level security. None of that matters if an attacker can simply call your customer and impersonate your support team.
Gemini’s brand was used as a prop in this scheme, though the exchange itself was not compromised at the infrastructure level.
For individual holders of significant crypto assets, the case reinforces several uncomfortable realities. Legitimate exchanges and platforms do not initiate unsolicited calls asking for security codes. Any unexpected contact claiming to be from a financial institution or exchange, requesting credentials or urgent account action, should be treated as a red flag regardless of how official it sounds.
Ten guilty pleas already secured, a lead defendant scheduled to follow, and a case that federal prosecutors are framing as organized crime rather than opportunistic fraud.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The XRP Ledger is on the verge of activating one of its most significant upgrades to date.
The long-awaited Batch has now come close to reaching the network's required validator threshold.
An XRPL community member recently pointed out that roughly 68% of validators have now thrown their support behind the consequential amendment.
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It seems like it could potentially go live before the end of September.
"Batch will unlock a lot of new use cases for the XRP ecosystem," the user said.
XRPL validator Vet, who is active within the community, said that builders have been waiting for the functionality for a long time.
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"Almost there! XRP Ledger Builders have waited so long for it," Vet wrote, adding that the feature could make it easier for developers to charge directly for services rather than allowing users to "free ride."
However, activation is not yet guaranteed.
What the amendment actually does The amendment in question is technically called BatchV1_1. The original Batch amendment was disabled earlier this year after a critical bug was discovered.
BatchV1_1 was introduced in XRP Ledger software version 3.3.0, which was released on Aug. 6.
Support has to rise above the XRP Ledger's 80% threshold and remain there continuously for two weeks. Otherwise, the amendment will not be able to go live.
If support falls back below that level, the two-week countdown resets.
Hence, it is entirely possible that the amendment gets activated by the end of September, but it is not guaranteed.
Historically, developers have not been able to combine several separate XRPL transactions.
However, the amendment that is currently on the verge of passing will make it possible for developers to package as many as eight transactions together inside a single transaction.
XRPL developers will gain the ability to define how several separate on-ledger actions depend on one another. This will remove the necessity for developing complicated infrastructure for some apps.
XRP’s derivatives market just woke up from a long nap. Futures trading volume across major platforms exceeded $64.6 billion in August, the highest monthly total since February and a signal that traders are piling back into one of crypto’s most watched assets.
The volume spike arrived alongside a meaningful price move. XRP climbed nearly 30% during the month, running from $1.06 at the start of August to a high of $1.50 on August 24 before settling around $1.35.
Where the volume landed Binance was the clear heavyweight in this derivatives surge, accounting for roughly $37 billion in XRP futures volume. Bybit came in second at approximately $14.54 billion, while OKX rounded out the top three with about $12.88 billion.
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The futures activity wasn’t happening in isolation. Spot trading volume for XRP also reached its highest point since February, with Binance again leading at $7.28 billion. South Korean exchanges showed up in force as well: Upbit recorded $4.68 billion in spot volume, and Bithumb Korea added $2.59 billion.
ETF inflows add institutional flavor US spot XRP ETFs recorded net inflows of $18.96 million during August, pushing combined assets under management to $1.48 billion.
What’s driving the renewed interest Two catalysts appear to be fueling the surge in XRP market activity. First, whale accumulation patterns picked up notably during August, with large holders adding to their positions ahead of a critical vote scheduled for September 15. Second, the broader narrative around XRP has shifted, with ETF products now live and attracting capital.
Worth noting: the volume spike did not indicate a clear directional bias. While the price moved higher, the futures market showed activity on both sides. Long and short interest appeared elevated, which means traders weren’t unanimously bullish.
For context, the last time XRP futures volume hit comparable levels was February, when the token was trading in a similar range.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The XRP Ledger saw a notable combination of growth and contraction in the second quarter of 2026, according to Evernorth’s State of the Ledger report released on September 2. While average daily trading volume on the decentralized exchange (DEX) surged 79% year over year to reach 3.57 million XRP, the number of accounts trading on the order book each day declined by approximately 40%, falling from 1,864 to 1,111.
Trading concentration rises while user numbers fallThis change meant that the average trading account on the order book now handled about 3,217 XRP every day, an increase from 1,072 XRP a year earlier. Fewer accounts are making much larger trades, suggesting growing concentration among active participants. The report noted that account numbers alone do not uncover whether individuals or institutions control these addresses, and multiple addresses may be operated by a single entity.
Order book activity became even more dominant within the DEX ecosystem, accounting for 81% of all exchange volume in the quarter, compared with 54% a year prior. Automated market maker pools made up the rest. In total, daily DEX volume averaged 4.42 million XRP, marking a 20% increase compared to the previous year, though slipping 16% versus the first quarter of 2026.
While shifts in the balance between order books and automated market makers mark a significant change in infrastructure, Evernorth cautioned that these trends do not directly prove a replacement of retail users by institutional traders.
Tokenized assets surge amid changing market dynamicsThe report also highlighted robust growth in tokenized asset value on the XRP Ledger. The average value of tokenized assets reached $3.72 billion in the second quarter. Ripple’s RLUSD stablecoin saw its daily average balance jump to $539 million, up 642% from $73 million a year earlier. The on-ledger share of all RLUSD increased from 20% to 34%, following Wormhole integration support, while RLUSD value moved on-chain expanded by 925% over the same timeframe.
The combined average value held on the network, including tokenized real-world assets and stablecoins, reached $4.26 billion—an extraordinary climb from $99 million just six quarters earlier. The expansion underscores the increasing accumulation of tokenized value, even as speculation remains part of the network’s perception.
The figures show higher volume per active trading account alongside lower participation measures. The report does not identify individual traders, and the results should not be read as proof that institutions have replaced retail participants.
As asset digitization gains momentum, traditional markets are also seeing a shift. Wall Street firms are moving towards Web3 models, and investors can now use platforms such as 1stepSwap to hold shares of major U.S. companies, gold, and silver directly in crypto wallets. This trend leverages the tokenization of real-world assets and uses automated pricing engines to remove intermediaries, aiming to streamline access and pricing for investors.
Retail activity slows despite infrastructure advancesWhile tokenized value and trading volumes have soared, several retail-facing metrics moved lower in the second quarter. The average number of daily transacting accounts stood at 16,587, and new account creation averaged 2,783 per day—both representing declines of about 25% from the previous year.
Payments and NFT minting activity also dropped during the period, reflecting a broader sector slowdown. Evernorth pointed out that aggregate on-chain exchange volume across the industry was down 46%, and protocol fees on the seven largest programmable blockchains fell 38% compared with the prior year.
Even with these lower participation numbers, more value is being processed by each remaining active account, indicating a dual trend of fewer users handling larger amounts.
Questions on institutional involvement and market structureThe report left unanswered questions about the source of increased concentrations, such as whether the growth is driven by institutional players or the use of permissioned infrastructure, which restricts access to approved participants. Evernorth did not specify what proportion of trading took place in these controlled environments.
Infrastructure development continued regardless of the overall market slowdown. Separate coverage discussed Ripple’s XRPL lending proposal, aiming to expand the network’s toolkit for financing tokenized assets.
Disclosure and contextEvernorth acknowledged its own financial exposure to XRP through its treasury activities. The company emphasized that while on-chain balances have grown, these metrics do not guarantee future increases in the price or adoption of XRP. Reports produced by organizations with vested interests should be evaluated accordingly.
Whatever one thinks of XRP as a speculative asset, the infrastructure built around the ledger is accumulating balance-sheet-style value at a pace that is difficult to dismiss.
Ethereum exchange-traded funds (ETFs) recorded significant net inflows of 10,330 ETH on September 4, 2026, according to data from SoSoValue. This influx follows a volatile week in the crypto market, signaling renewed institutional interest in Ethereum-based products and helping to stabilize U.S.-listed ETF holdings after a period of outflows.
BlackRock dominates Ethereum ETF activityBlackRock’s Ethereum ETF, under the ticker ETHA, outperformed all other funds by adding 29,600 ETH in net inflows. The product specifically saw 23,060 ETH added on the day, securing BlackRock’s strong foothold in the expanding Ethereum ETF sector. Other prominent issuers also reported increased demand, but BlackRock’s numbers positioned it as a clear leader among institutional investors.
Bitwise’s ETHB followed, registering a net inflow of 6,540 ETH. The positive inflow across various funds suggests that interest is not limited to a single product, but rather points to broader confidence in Ethereum-based investment vehicles. Fidelity’s FETH, by contrast, saw outflows totaling 19,270 ETH, possibly reflecting a preference shift among investors rather than a retreat from Ethereum ETFs as a whole.
Ethereum ETFs in the U.S. recorded a total net inflow of 10,330 ETH, led by BlackRock with 29,600 ETH, while Bitwise attracted 6,540 ETH and Fidelity saw withdrawals of 19,270 ETH, according to SoSoValue data.
ETF flows and institutional sentimentInstitutional sentiment towards Ethereum is often gauged by monitoring ETF flow patterns. Elevated inflows can enhance liquidity, reinforce spot market depth, and affect the underlying staking dynamics for Ethereum. These ETF investments influence exchanges, market-makers, and custodians tasked with managing fund creation and redemption mechanisms.
Analysts are closely watching whether this influx momentum will persist, especially as new macroeconomic data including upcoming CPI releases may impact capital allocation strategies. Additional factors such as expanded ETH ETF options markets and the rollout of Ethereum’s Dencun upgrade, which is expected to drive staking adoption, will likely play a role in shaping institutional participation.
In an environment where the impact of a single Federal Reserve decision or the sudden listing of a new altcoin can immediately upend market conditions, many traders are rethinking their toolkit. Using multiple apps for charting, news, and portfolio monitoring often results in reduced efficiency. Now, a growing number of privacy-focused investors are turning to platforms like CryptoAppsy, which offer real-time charts, price alerts, coin-specific updates, and macroeconomic data in a unified interface, even without requiring an account.
Macroeconomic backdrop and regulatory uncertaintyThe current uptick in fund flows occurs against a backdrop of macroeconomic uncertainty and regulatory ambiguity surrounding staking use in ETFs. No final clarification has come from the Securities and Exchange Commission, but the ongoing institutional adoption of crypto-backed investment products continues to bolster both Ethereum and Bitcoin.
If Ethereum ETFs continue to attract increased institutional capital, and market instruments such as ETH options see wider use, some observers anticipate a further acceleration of Ethereum adoption in the coming quarters following ongoing network upgrades.
ETF flows are shaping Ethereum’s market liquidity and influencing the role of major funds and custodians, especially as regulatory signals and product innovations continue to evolve.
Ripple na XRPL spálil 1 363 614,85 RLUSD a stejný objem o pár sekund později vyrazil na Ethereum. Jde o přesun likvidity mezi sítěmi, ne o nové vydání.
TLDR Ripple burned 1,363,614.85 RLUSD on the XRP Ledger on September 6. The same 1,363,614.85 RLUSD was minted on Ethereum only seconds later. The matched transactions point to a cross-chain supply rebalancing rather than new RLUSD issuance. About $1.36 million in RLUSD liquidity effectively shifted from XRPL to Ethereum. The Ethereum-minted RLUSD was later transferred to an external wallet. Ripple RLUSD supply shifted between the XRP Ledger and Ethereum after a matched burn and mint on September 6. Onchain data showed 1,363,614.85 RLUSD removed from circulation on XRPL before the same amount appeared on Ethereum seconds later.
The sequence points to a cross-chain supply transfer rather than new token creation. The paired transactions kept the total amount unchanged while moving roughly $1.36 million in RLUSD liquidity from one blockchain to another.
Ripple RLUSD Supply Shifts Across Networks The XRPL transaction sent 1,363,614.85 RLUSD back to an address where the tokens could no longer circulate. The transaction appeared connected to the stablecoin issuer and reduced the amount available on the XRP Ledger.
👀 RLUSD Cross-Chain Movement Spotted
1,363,614.85 RLUSD $1.36M) burned on the XRP Ledger tokens returned to issuer, permanently removed from XRPL circulation.
The exact same amount was minted on Ethereum minutes later and transferred to an external wallet.
This looks like a… https://t.co/6rCFI1FElF pic.twitter.com/sK72yr7qxR
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) September 7, 2026
Ethereum then recorded a mint for exactly 1,363,614.85 RLUSD. The timing and matching amount suggest that Ripple moved existing supply across networks instead of increasing the stablecoin’s overall circulation.
After the Ethereum mint, the newly issued tokens moved to an external wallet. That transfer added another step to the cross-chain movement and placed the RLUSD outside the issuing address.
The activity differs from a standard mint that adds fresh supply to a network. In this case, the XRPL burn happened before Ethereum received the same number of tokens, keeping the combined supply level broadly unchanged.
Liquidity Moves Toward Ethereum The transaction shifted about $1.36 million worth of Ripple RLUSD from the XRP Ledger to Ethereum. The movement changed the location of stablecoin liquidity without creating an equal rise in total supply.
Ripple supports RLUSD on both the XRP Ledger and Ethereum. Moving supply between the networks can help place tokens where users, exchanges, payment firms, or trading venues need more available liquidity.
Such rebalancing can place more tokens on the network where current market activity creates stronger liquidity needs.
The September 6 transactions also show how an issuer can manage a stablecoin across multiple blockchains. Burning tokens on one network and minting the same amount on another can move supply without relying on a direct token bridge.
For RLUSD users, the recorded transactions mainly changed the blockchain holding the tokens. Onchain records showed a reduction on XRPL and a matching increase on Ethereum, leaving the transferred amount balanced overall across the two networks.
Cardano směřuje k Dijkstra upgradu: první fáze má na Mainnet dorazit do konce roku 2026, druhá (Peras) ve 2. čtvrtletí 2027. Intersect očekává po vydání node 11.2 veřejný DijkstraNet pro testování a čtyři hlavní node releasy v nejbližších měsících.
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Cardano is entering a potentially important stretch of development, with the Dijkstra era moving toward key milestones in the months ahead.
The initial Dijkstra rollout is planned in two phases, introducing Linear Leios with Nested Transactions and Peras, respectively. The current objective is to deliver Phase 1 (Nested Transactions and Linear Leios) to Mainnet by the end of 2026, providing an incremental rollout of key Dijkstra capabilities, with Phase 2 (Peras) to be activated in an intra-era hard fork in Q2 2027.
According to Intersect, work toward the Dijkstra era hard fork continues to advance across node development, ecosystem readiness, and downstream tooling. In a recent report, Intersect highlighted what to keep an eye on in the months ahead.
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Weekly Update #127: inc the node roadmap, what SPOs, developers and DReps can do now, and more...https://t.co/quIAO5zMU0
— Intersect (@IntersectMBO) September 7, 2026 Upcoming Haskell node releases will unlock early Dijkstra functionality for testing, with four major node releases anticipated over the coming months.
Anticipated timelinesCardano-node-11.1.1 is expected early, by September 7, for Mainnet usage. This node release removes the legacy tracing system and fixes known Genesis issues.
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Expected in less than a month, Cardano-node-11.2 will contain the Dijkstra feature set, ready for testing, but will not be the hard fork release candidate.
This node release will not contain the Leios elements, as these are largely limited to consensus and block production, but this should not impact testing and development against all other Dijkstra features.
Cardano-node-11.3 is targeted as the hard fork release candidate, capable of crossing the hard fork and containing all Dijkstra functionality, including Leios, and is anticipated in the next one to two months.
Cardano-node-12.0, according to its naming convention, will be the definitive hard fork node release, with its launch timeline not yet determined.
In order to begin testing and development of the Dijkstra feature set, including Plutus V4, Nested Transactions, and CIP-50 (Cardano Improvement Proposals), there will be a publicly available "DijkstraNet," following the release of node 11.2.
DijkstraNet will run in parallel to MusashiNet, which will continue to test and evaluate Leios development alongside the Dijkstra feature set being implemented on DijkstraNet.
Dates for two planned node diversity workshops are given as Singapore (TOKEN2049), October 6, and London, November 13–14.
Governance participants can monitor planned Dijkstra-related constitutional amendments to be publicly proposed. Following a recalibration of the technical delivery plan, the current moderate confidence window places potential Dijkstra hard fork enactment between December 5, 2026 and January 4, 2027 while the high confidence window runs from February 24, 2027 to March 26, 2027.
Stellar v neděli zpracoval více než 11,6 milionu transakcí za jediný den, což bylo nejvyšší denní tempo v týdnu. Ukazuje to na silnou poptávku po jeho platební infrastruktuře.
Stellar Hits Weekly Transaction Peak on a Sunday@StellarOrg processed over 11.6 million transactions in a single day, marking the network's highest daily activity level of the current week. According to data from Chainspect, the surge occurred on a Sunday, a day typically associated with reduced liquidity and lighter volumes across traditional financial markets.
The timing is notable. Weekend lulls are a well-established feature of legacy finance, where settlement systems and institutional desks operate on compressed schedules. That Stellar's busiest day of the week fell on a Sunday points to a different kind of demand: one driven by cross-border payment flows and automated settlement cycles that do not observe a Monday-to-Friday calendar.
Broader Momentum Behind the Numbers Stellar averaged approximately 4.9 million daily transactions in Q2 2026, with a range spanning from 2.6 million to 7.1 million, consistent with its positioning as a high-volume, low-cost payments rail. The 11.6 million figure therefore represents a significant spike above that quarterly baseline.
The variance in daily transaction counts likely reflects periodic batch processing by institutional users, stablecoin settlement cycles, and the natural rhythm of cross-border payment flows across different time zones.
Stellar's average fees remain a fraction of a cent, and settlement times stay near instant even as volume rises. That combination is rare in blockchain networks, where higher usage often means higher costs or slower confirmations.
The transaction spike also sits against a backdrop of broader network growth. In Q2 2026, Stellar's network doubled its tokenized real-world assets to $3.05 billion, growing four times faster than the market average. Stablecoin transfers reached a record $11.4 billion, highlighting strong institutional adoption.
Taken together, the data suggests Stellar's payment rails are seeing real, recurring demand rather than speculative noise. For a network built around cross-border settlement, a record transaction day on the quietest day of the traditional financial week is a meaningful signal.
Sources:
Nansen: Stellar Q2 2026 Report
Chainspect: Stellar Network Data
Messari: State of Stellar Q1 2026
Stellar drží vedení v tokenizovaném státním dluhu mimo USA s asi 490 miliony USD, více než jakýkoli jiný blockchain. Na širším trhu RWA ale dál vede Ethereum.
Stellar (XLM) is trading at $0.1922, up 4.4% over 24 hours, as the network holds its lead in tokenized non-US sovereign debt, a position it has maintained since February. According to data from RWA.xyz as of August 20, Stellar holds roughly $490 million in tokenized sovereign debt issued outside the US, more than any other blockchain.
Ethereum still leads in tokenized US Treasuries and in total real-world asset value across the market, which continues growing on every major chain. Stellar’s lead is confined to sovereign debt issued outside the US and denominated in currencies other than the dollar, a smaller category today but one tied to a much larger share of the world’s governments and businesses that don’t operate primarily in dollars.
Rapid Growth Over 18 Months
Real-world assets on Stellar, excluding stablecoins, have grown from roughly $500 million in early 2025 to $854.6 million by the end of last year, crossing $1 billion in January 2026, reaching $1.52 billion by the end of Q1 (a 91% quarterly jump), passing $2 billion in April, and topping $3 billion in June.
That’s roughly a threefold increase over the past year. Stellar now accounts for about 9% of all distributed RWA value across blockchains, placing it among the top four networks alongside Ethereum, BNB Chain and Solana, and the only one among them outside the Ethereum Virtual Machine ecosystem.
What’s Actually on the Network
The sovereign debt total is built from a range of live products. Etherfuse’s Stablebonds bring Mexican CETES and Brazilian Tesouro bonds onto Stellar. Spiko’s euro-denominated T-bill fund grew from roughly $520 million to $970 million over the past year, with most of that growth occurring on Stellar specifically. South Korean Treasury Bonds and a digital sovereign bond from the Marshall Islands round out a list of issuers spanning five continents.
Beyond sovereign debt, Franklin Templeton’s BENJI fund, the first US-registered mutual fund to use a public blockchain as its official system of record, also runs on Stellar. Ondo’s USDY and WisdomTree’s WTGXX are live on the network as well. USDC’s market cap on Stellar grew about 15% quarter-over-quarter to more than $256 million in Q1 2026, and euro-denominated stablecoins have expanded.
Transaction activity backs up the balance sheet numbers. Stablecoin payment volume on Stellar reached $5.5 billion in Q1 2026, up 72% year-over-year, with transaction velocity up 75% over the same period. Institutional participation has broadened alongside the technical case, with U.S. Bank, Amundi, Société Générale, AllUnity, Malaysia’s Kenanga, and Singapore’s Marketnode, backed by SGX and Temasek, all engaging with the network.
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Chainlink‘s LINK token rallied more than 8% in the past 24 hours to reach $13.26, building on a week-long surge that has seen its price climb approximately 18%. The latest advance came as LINK broke decisively above the $12 resistance, a range that has capped price action throughout recent sessions.
Key partnerships and institutional adoptionThis momentum follows Chainlink’s new partnership with Bottomline, a payments technology firm that works with over 600 banks and processes upwards of $16 trillion in payments annually. Through this collaboration, Chainlink plans to connect its infrastructure, including the Cross-Chain Interoperability Protocol (CCIP), to established banking payment systems. The goal is to enhance both cross-border and cross-chain transactions across the sector.
The announcement spurred LINK to break above the $12 threshold. After buyers pushed the price further, LINK surpassed $13 for the first time in several weeks on September 7. This breakout from the $12–$12.20 region, which had repeatedly limited gains, marked a significant shift in market sentiment.
Additional institutional engagement came as Circle recently launched cirBTC, a wrapped Bitcoin product. According to Circle, cirBTC employs Chainlink’s Proof of Reserve mechanism to provide onchain verification of the Bitcoin reserves backing the token.
In the US, the Wyoming Stable Token Commission selected Chainlink Proof of Reserve as its near real-time verification tool for the state’s Frontier Stable Token. Previously, Wyoming had chosen Chainlink’s Cross-Chain Interoperability Protocol as the exclusive cross-chain infrastructure for this stablecoin project.
Mini dictionary: Bottomline is a US-based payments technology provider serving financial institutions worldwide. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is a standard for enabling secure data and token transfers across different blockchains.
Chainlink has also collaborated with the US Department of Commerce to bring official economic data onchain. This integration with the Bureau of Economic Analysis allows key indicators, such as real GDP and the Personal Consumption Expenditures price index, to be accessible across supported blockchain platforms.
LINK price analysis: Technical breakout and momentumOn the technical side, LINK climbed above the $12–$12.20 resistance zone after spending much of August below this range. The token touched an intraday high near $13.66, and the latest daily candle suggests that a continued move towards $14 is likely if LINK holds above its breakout level.
IndicatorValueCurrent Price$13.26Resistance Broken$12–$12.2030-Day Gain62%20-day EMA$11.4650-day EMA$10.28100-day EMA$9.62200-day EMA$9.92All four exponential moving averages currently sit below LINK’s market price. The 20-day EMA has separated sharply from the 50-day EMA, highlighting the acceleration seen since last month. LINK also moved above the 200-day EMA after spending several months trading below this key indicator.
Clearing the $12 to $12.20 zone marked a crucial breakout for LINK, with buyers maintaining momentum as price surged past $13. Consistent accumulation and increased trading volumes provide additional confirmation that this move is backed by sustained demand in the market.
On the downside, a failure to maintain current levels could bring the $12–$12.20 area back into focus. Should this support collapse, the 20-day EMA around $11.46 would be the next target for buyers to defend. Parabolic SAR readings on the daily chart remain below the current price, supporting continuation of the prevailing uptrend, while a reversal would suggest waning momentum.
Shorter-term indicators also reflect growing momentum. The TRIX oscillator climbed to 23.31 after rebounding from negative territory. Accumulation/Distribution reached about 138.1 million, up from 125 million since July. This fresh jump was matched by a notable increase in trading volume after LINK crossed $13, indicating strong buying interest rather than fading accumulation.
If LINK achieves a sustained break above $13.68, the next probable resistance stands at $14. A move beyond that level could open the path toward the $15–$15.50 range, which previously acted as a trading zone in late 2025. However, dropping below $12 would threaten the current bullish structure, placing additional focus on lower moving averages for potential support.
LINK vzrostl v poslední seanci asi o 7,1 % na 13,07 USD po průrazu nad 12 USD. Analytik Investor Jordan vidí při potvrzeném průrazu další cíl na 15 USD a pak 20 USD.
TLDR A wallet sent 620,420 LINK (about $7.6 million) to Coinbase on September 7, part of $26 million moved over three weeks. LINK traded near $13.07, up roughly 7.1% in the latest session, after recovering from summer lows near $7-$8. Analyst Investor Jordan says a break above $12 could push LINK toward $15, with $20 as a further target. Trading volume rose 25% to $503.9 million and open interest climbed 8.26% to $696.89 million. Wyoming’s FRNT stablecoin adopted Chainlink Proof of Reserve, becoming the first US public stablecoin to report reserves on-chain. A large Chainlink holder sent another batch of tokens to Coinbase this week. The wallet transferred 620,420 LINK, worth close to $7.6 million, on September 7.
Blockchain analytics account Onchain Lens tracked the move. The same address has now sent 2.41 million LINK, valued near $26.04 million, to Coinbase over three weeks.
The wallet built its position through earlier Binance withdrawals. It then began routing tokens to Coinbase instead of holding them.
Exchange deposits often come before sales, but that isn’t confirmed here. Blockchain records show the transfer, not what the owner plans to do with it.
LINK traded at $13.07 on September 7, up about 7.1% for the session. Its price ranged between $12.12 and $13.32 during the day.
Chainlink Price on CoinGecko Price and Technical Signals The token’s MACD line sat at 0.7841, above its signal line near 0.7069. That points to continued upward momentum on the daily chart.
The relative strength index read 72.47, above the 70 mark often used to flag overbought conditions. LINK also traded above its 20-day moving average of $11.39, according to TradingView data.
Bollinger Bands widened as price broke out of a $7.20 to $8.50 consolidation range. Resistance now sits near $12.59.
Analyst Outlook and Network Adoption Crypto analyst Investor Jordan posted on X that LINK is approaching a resistance zone near $12. He said a confirmed break above that level could send the price toward $15, with $20 as a further target if buying pressure holds through the fourth quarter.
Trading volume climbed 25.02% to $503.90 million in 24 hours. Open interest rose 8.26% to $696.89 million, showing more derivatives traders taking positions.
Wyoming’s FRNT stablecoin adopted Chainlink Proof of Reserve this week. It becomes the first stablecoin from a US public entity to publish reserve data on-chain through Chainlink.
Chainlink’s Cross-Chain Interoperability Protocol processed $4.9 billion in volume during the second quarter. That figure rose 353% from a year earlier, per Standard Chartered.
Aave adopted CCIP as its default cross-chain infrastructure this year. BitGo also chose CCIP as the exclusive cross-chain provider for Wrapped Bitcoin, moving a $7.3 billion ecosystem.
More than 50 banks joined a Chainlink-linked stablecoin settlement test using Swift and ISO 20022 messaging. Bottomline Technologies separately partnered with Chainlink to link payment tools across 600 banks.
LINK’s rally from June and July lows near $7-$8 remains intact as of September 7. The $12 to $13 zone stands as the level traders are watching next.
Arcadia nasadila svou vrstvu automatizované správy likvidity na Robinhood Chain a využívá Chainlink pro cenová data u tokenizovaných reálných aktiv. Integrace přidává koncentrované likviditní trezory, automatické vyvažování a cross-chain kolaterál.
@ArcadiaFi has officially deployed its automated liquidity management layer on @RobinhoodCrypto Chain, bringing professional-grade concentrated liquidity tools to one of the most closely watched Layer 2 networks in DeFi.
What Arcadia Brings to Robinhood Chain The platform gives users access to concentrated liquidity vaults with institutional-level execution, designed to lower the technical barrier for managing on-chain positions. Key features include a "zap-in" entry mechanism for single-click liquidity deployment, auto-rebalancing triggers that adjust positions as market conditions shift, and leveraged yield streaming across major decentralized exchanges on the network.
The integration leans on @Chainlink price feeds to secure the valuation of tokenized real-world assets (RWAs) and cross-chain collateral. This is a notable fit for Robinhood Chain, which Robinhood describes as permissionless, AI-native, and purpose-built for real-world assets. Chainlink is among the chain's core infrastructure partners, alongside Alchemy and BitGo.
Why Chainlink Oracles Matter for RWA Platforms Securing accurate, tamper-resistant price data is a foundational requirement for any protocol handling tokenized assets. Chainlink supplies oracle infrastructure across three products on Robinhood Chain: CCIP for cross-chain messaging, Data Streams for low-latency market data, and Data Feeds for standard price oracles. For a liquidity layer like Arcadia's, which deals with cross-chain collateral and leveraged positions, that infrastructure carries real weight.
Chainlink's Data Feeds are live on Robinhood's EVM, with price data being used in trading, lending, liquidations, and tokenized securities. Reliable price information is particularly important for on-chain derivatives and tokenized assets that rely on settlement of underlying instruments.
The broader context matters here too. Robinhood described the chain as permissionless, AI-native, and purpose-built for real-world assets. Stock Tokens are available through the Robinhood Wallet in more than 120 countries, with more than 200 US stocks and ETFs offered as tokens. These tokens give economic exposure to the underlying shares, including dividend support, and can be traded around the clock. Arcadia's liquidity layer slots directly into this environment, offering a more sophisticated toolset for users who want active yield on their on-chain holdings.
For $LINK, the Arcadia deployment adds another live production use case to a growing list. RWA tokenization turns traditional assets into blockchain-based instruments, and Chainlink supplies the data, reserve checks, and messaging layer they need.
Sources:
Robinhood: Robinhood Chain Mainnet Launch Announcement
Chainlink: Live RWA Prices and Tokenized Asset Infrastructure
The Block: Robinhood Chain Goes Live on Mainnet
Chainlink oznámil partnerství s Bottomline, třetím největším poskytovatelem služeb SWIFT, které propojí více než 600 bankovních klientů s vypořádáním na blockchainu. LINK po zprávě vystřelil na 13,64 USD, nejvýše od 18. ledna.
In brief Bottomline, a top-three SWIFT services provider that processes more than $16 trillion in payments annually, announced a deal with Chainlink to connect its 600-plus bank customers to blockchain settlement. LINK touched $13.64 on September 7, its highest price since January 18, and outpaced every other top-10 cryptocurrency by market cap over the past 24 hours while Bitcoin stayed capped below $80,000. Chainlink's CCIP will move tokenized value across blockchains and its CRE will orchestrate the payment workflow, letting banks keep sending standard messages instead of building new infrastructure. Bitcoin is back under $80,000 today, down about 1%, after a stellar August rally brought investors gains of over 20% in the last 30 days.
But as trading action on the crypto majors cools, there’s at least one altcoin climbing up the charts: the native token of the decentralized oracle network Chainlink, up a whopping 6.8% in the last 24 hours. Can it keep crypto’s hot summer going a little longer?
Myriad: Bitcoin next price move? Click to make your prediction.Bitcoin got rejected from $82,000 twice over the past two weeks and opened this one pinned below $80,000, still under the 50-week moving average near $81,000 it lost back in May.
The coin is also in a compression zone after a major spike in late August. Analysts are debating between the possibility of a trend reversal that would keep pushing prices up, and a so-called Bart Simpson pattern that would tank prices back down close to $65,000 in a few days.
Bitcoin price data. Image: TradingviewIn terms of fundamentals, traders are watching two catalysts this month: fresh inflation data and the Federal Reserve's September 16 rate decision, after Friday's stronger-than-expected August jobs report raised the odds of a hike.
Chainlink, meanwhile, had a different week entirely.
Chainlink, which trades as LINK, climbed to $13.64 Monday, its highest level since January 18. That's a roughly 6.8% gain in 24 hours, the best showing among the 10 largest cryptocurrencies by market cap—while most of the group traded flat to lower. In the derivatives market, open interest on LINK contracts also hit an 11-month high of $784 million.
Chainlink price data. Image: TradingviewThe rally may trace back to a deal Chainlink announced last week with Bottomline, a top-three SWIFT services provider that handles payments automation and treasury management for more than 600 banks.
Per Chainlink's announcement, Bottomline will connect its existing systems to public and private blockchains through Chainlink's infrastructure. Bottomline also serves roughly 1,200 financial institutions and 10,000 businesses worldwide.
Two existing Chainlink products do the work. Cross-Chain Interoperability Protocol, or CCIP, has been live since July 2023 and now spans more than 60 blockchains, handling the movement of tokenized value between them. Chainlink Runtime Environment, or CRE, coordinates what the company calls "payment workflows end-to-end," handling routing and confirmations along the way.
Banks keep sending the same ISO 20022 messages they already use, the global standard for cross-border payment instructions that reached 97% adoption since a November 2025 switchover. Chainlink sits underneath as the connector rather than a replacement. Neither company has disclosed a go-live date or named a pilot bank.
Not Chainlink's first brush with SWIFTSWIFT itself has tested Chainlink before. In 2023, SWIFT ran interoperability experiments with Chainlink and more than 10 institutions, including Citi and BNY Mellon, moving tokenized assets onto Ethereum's Sepolia testnet.
Standard Chartered listed SWIFT among the institutions already using Chainlink services last month when the bank set a $200 price target for LINK by 2030, citing Chainlink's $110 billion in secured value.
What’s more, in late August, the financial services giant Charles Schwab announced plans to expand its retail crypto trading offering beyond just Bitcoin and Ethereum. The brokerage only chose three more assets to list on its trading platform: Solana, Avalanche, and Chainlink.
The combination of bullish news may be a big part of the reason why Chainlink is currently outperforming just about every other coin in the top 20 by market cap, other than Zcash: LINK is currently up 57% in the last 30 days.
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Circle během 24 hodin na Solaně mintoval USDC za 3 miliardy USD, jeden z největších jednodenních mintů na této síti. V srpnu 2026 na Solaně proběhlo zhruba 11 miliard USD hrubých mintů USDC.
Circle just printed $3 billion worth of USDC on the Solana blockchain in a single 24-hour window.
The mint is one of the largest single-day USDC issuances on Solana to date, but it’s far from an isolated event. It fits neatly into a pattern that’s been building throughout 2026, one that tells a clear story about where institutional capital wants to park its stablecoin liquidity.
Solana’s stablecoin surge by the numbers This $3 billion mint didn’t materialize out of thin air. Circle has been systematically ramping up USDC issuance on Solana all year, often in $250 million tranches that on-chain tracking services like Whale Alert and Lookonchain have documented in real time.
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In August 2026 alone, approximately $11 billion in gross USDC mints occurred on Solana. By late August, the total USDC circulating supply on Solana crossed the $8 billion mark, representing more than 10% of the global USDC supply for the first time.
Circle minted $500 million on June 8 across two $250 million tranches. Mid-June saw a $1 billion single-day mint. On June 29, a $910 million issuance on Solana was paired with a $250 million burn on Ethereum. By mid-July, gross issuance on Solana had reached somewhere between $64 billion and $68 billion. Early September brought another $1.25 billion minted over just three days.
The institutional pipeline BNY Mellon expanded its collaboration with Circle in June 2026 to facilitate institutional minting and custody of USDC directly on Solana. The partnership lowers friction for large institutions that want exposure to Solana’s DeFi ecosystem without navigating the technical complexity of bridging from Ethereum.
It’s worth noting that gross issuance figures don’t equal net supply growth. Redemptions and burns happen constantly, which is why the circulating supply on Solana sits at $8 billion-plus rather than the tens of billions suggested by cumulative mint totals.
What the Ethereum-to-Solana shift means The June 29 event, where Circle minted $910 million on Solana while simultaneously burning $250 million on Ethereum, is perhaps the most telling data point of the year. Ethereum still holds the lion’s share of USDC supply, but Solana is gaining ground. Solana offers lower transaction fees and faster finality, which matters enormously when you’re settling hundreds of millions of dollars in stablecoin transactions daily.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
ZEC vystoupal nad 1 200 USD a otevřený short na Hyperliquid tak drží nerealizovanou ztrátu 25,7 milionu USD. Wallet shortoval 32 760 ZEC za průměrných asi 444 USD.
TLDR ZEC climbed above $1,200, leaving a tracked Hyperliquid short position with $25.7 million in unrealized losses. The wallet opened a 32,760 ZEC short at an average entry price near $444 back in July 2026. Analyst Ember links the address to Garrett Jin, though this attribution is not independently confirmed. The same wallet holds a $107 million Bitcoin long showing $4.42 million in unrealized profit. Funding fees of roughly $2.05 million have cut into the Bitcoin position’s effective return. A large trader on Hyperliquid is sitting on an estimated $25.7 million paper loss after Zcash’s price pushed past $1,200. The figure comes from a Sept. 7 assessment by on-chain analyst Ember.
The wallet in question shorted 32,760 ZEC. It entered the position in early July 2026 at an average price near $444.
Since then, ZEC has risen from around $400 to over $1,200. That move represents an increase of roughly 170% over about two months.
At $1,200, the gap between entry price and market price would produce a loss near $24.8 million before fees. Ember’s $25.7 million figure suggests ZEC was trading closer to $1,228 when the snapshot was taken.
Zcash Price on CoinGecko The Bitcoin position tells a different story The same address also holds a Bitcoin long worth about $107 million. That trade shows an unrealized gain of $4.42 million.
The wallet has paid around $2.05 million in funding fees on the Bitcoin trade. That cost reduces the position’s effective profit once accounted for.
Even combined, the Bitcoin gain does not offset the ZEC short’s loss. The two positions together remain deeply negative at the reported snapshot.
This does not reflect the wallet’s full trading history. Other closed trades, deposits or withdrawals are not included in the calculation.
Ember attributes the wallet to a “Garrett Jin whale entity.” No signed message, filing or public statement from Jin confirms this connection, so it remains the analyst’s assessment rather than a verified fact.
What has driven the ZEC rally Zcash’s advance followed rising institutional interest in the asset. Grayscale converted its Zcash Trust into the ZCSH exchange-traded fund, which began trading on NYSE Arca on Aug. 25.
Grayscale charges the fund a 2.5% annual sponsor fee. ZEC traded near $855 shortly after the launch, with exchange volume topping $1.2 billion in one 24-hour period.
The price later pushed through $1,000, adding pressure on remaining short positions. Zcash has since moved into the ranks of the market’s largest assets by capitalization.
Spot buying, derivatives positioning and short covering may all have played a role in the rally. No single factor has been confirmed as the sole cause.
The wallet’s short position remains open. Its exact liquidation price was not available from Ember’s post, and no liquidation had occurred at the time of publication.
If ZEC keeps rising, the loss and required margin could grow further. A price pullback would reduce the paper loss and could return part of the position to profit.
Traders are watching the wallet’s collateral levels, ZCSH fund flows and ZEC derivatives open interest for signs of what happens next.
Zcash ETF od Grayscale přilákal do 4. září čistý příliv 34,4 milionu USD, zatímco ZEC vzrostl nad 1 000 USD. Zájem podpořil i růst hash rate nad 30 GSol/s.
While the broader cryptocurrency market has shown signs of recovery this month, privacy-focused coins have staged a distinct rally, setting themselves apart from Bitcoin and most major tokens. Bitcoin remains approximately 36% below its October high, failing to reclaim previous peak levels seen by much of the market last year.
Zcash sees robust inflows and institutional interestA significant share of the latest surge in privacy coins is attributed to Zcash, a cryptocurrency that emphasizes user privacy and zero-knowledge cryptography. New institutional products have amplified the move: Grayscale’s Zcash ETF, which began trading on August 25, brought net inflows of $34.4 million by September 4, during which time the ZEC token rose above $1,000.
Zcash’s network computing power, also referred to as its hash rate, increased from about 25 GigaSolutions per second in late August to over 30 GigaSolutions per second, signaling greater mining activity and network security.
Coinpaper, a crypto industry research outlet, highlighted that futures open interest for Zcash has climbed to about $2.3 billion, increasing the token’s exposure to leveraged trading and potentially contributing to price volatility.
Despite Zcash’s outperformance, removing it from recent calculations does not invalidate Glassnode’s overarching market analysis. The consultancy attributes the current market pattern to a wider trend across the privacy coin sector.
Recent institutional demand fueled net inflows of $34.4 million into the Zcash ETF, as ZEC climbed above $1,000 and hash rate expanded beyond 30 GSol/s.
Mini dictionary: Grayscale, a leading digital asset investment company, offers cryptocurrency investment trusts and exchange-traded products. Its Zcash ETF allows institutional investors to gain exposure to ZEC without directly holding the coin.
Other privacy coins post strong gainsThe recent upswing is not confined to Zcash. Monero, another privacy-focused cryptocurrency known by its ticker XMR, doubled in value over the course of the year. DASH and ZEN, both emphasizing private transactions, have also outperformed Bitcoin over the past 90 days. Earlier in 2026, Dash recorded a 71% gain, a move accompanied by notable advances in DCR and ZEN. Monero further broke out of a multi-year trading range, with XMR surpassing the $600 mark.
CoinKey Event or Price90-Day Performance vs. BTCZcash (ZEC)ZEC > $1,000, ETF inflowOutperformedMonero (XMR)XMR > $600, doubled in a yearOutperformedDash (DASH)Rose 71% in 2026OutperformedHorizen (ZEN)Beaten BTC in 90 daysOutperformedAnalysis from Glassnode, an on-chain data and analytics provider, estimates that the total market value in the sector now stands at $33.6 billion, an increase of $26.5 billion. Notably, nearly half of this growth occurred in just the last 30 days, signaling sharply rising interest and capital inflows into privacy coins.
In the most recent broad crypto rally, privacy coins led gains, with a sharp expansion in their market capitalization and outperformance versus Bitcoin.
Broader market context and long-term perspectiveDespite the buzz around privacy coins, the overall crypto market remains mixed. Over the past month, 91.5% of the top 200 digital assets posted gains, reflecting a widespread short-term recovery.
However, positive momentum does not extend over longer timeframes. Only 25 of the top 200 assets currently show gains over the past year, underscoring the generally narrow breadth of the market when viewed beyond short-term rallies.
Among the 25 largest digital assets, just four—ZEC, HYPE, XMR and WBT—are priced above their October 6 levels.
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.
Anchored Finance spustila na Uniswapu tokenizované akcie na Arbitrum, kde je 10 titulů krytých 1:1 skutečnými akciemi v regulované úschově. Současně běží i na Ethereum mainnetu, Base a Monad.
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.
První vládní aplikace Pákistánu, národní messenger, dokončila celý měsíc provozu na Internet Computer Protocol. ICP uvádí, že je téměř feature complete a připravená na další fázi.
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
Confidential Intents od NEAR Protocol překročil 60 milionů USD v TVL a chybí mu už jen 10 milionů USD ke spuštění prvního odměnového snapshotu (Drop 1) při hranici 70 milionů USD. Program [email protected] rozdělí 333 333 tokenů mezi oprávněné uživatele.
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
