Ripple released 1 billion XRP from escrow at the start of September, and by the end of the day, only 300 million sat outside new time locks.
XRP price still holds near $1.40. The headline sounded bearish. The ledger says less happened than it looked.
Ripple Released a Billion, Then Re-Locked 700 MillionThree old escrows ended, releasing 500 million, 400 million, and 100 million XRP. Hours later, two new escrows took 500 million and 200 million back.
Ripple Escrow Release Versus Relock: BeInCryptoThat leaves 300 million XRP, worth about $422 million, outside those locks. It moved between Ripple-labelled wallets, so the monthly release is not a sale or an exchange deposit. But it matters anyway.
It still matters because the market could not take it. Buy orders sitting close to the current price add up to $108.2 million, so those 300 million coins are worth almost four times what buyers are ready to absorb.
XRP Near-Price Buying Depth: Charlie Quant LabThe market held only because nobody tested it.
Older Coins Stopped Moving. So Did the Volume.So the coins are still there. The question is who is willing to move them, and the answer is almost nobody.
XRP’s 1-2 year holding band rose from 17.3% of supply in late August to about 18.2% now. Therefore, the oldest supply is refusing to move, and despite the pullback since August 22, those holders have not sold into it.
XRP HODL Waves 1-2 Year Band: GlassnodeThat stillness cuts both ways. Daily volume (all traders) has fallen every session since the August 22 burst, down to about 27.6 million XRP. So the interest seems very ‘long-term-holder-specific’.
XRP Price Volume and EMAs: TradingViewMeanwhile, the chart is close to a golden cross, the point where the 20-day exponential moving average, an average of closing prices that leans on the most recent days, climbs above the slower 200-day line. The fast line sits at $1.3516 against $1.3540, close enough to cross on any decent day. Crossovers built on falling volume are the ones that fail.
XRP Led the Rally, Then Stopped LeadingFading volume shows up as lost leadership. Over 21 sessions, XRP gained 42.4% against 27.0% for Bitcoin and 33.8% for Ethereum.
XRP Versus Bitcoin and Ethereum: Charlie Quant LabOver the last 14 days, it was the weakest of 20 large coins against that pair, trailing by 5.7%.
XRP Short-Term Relative Strength: Charlie Quant LabFutures repeat the pattern. Count the accounts and big traders look confident, 2.86 betting on a rise for every one betting on a fall, against 2.46 for ordinary traders.
XRP Longs by Count Versus Size: BeInCryptoWeigh those bets by money, and it flips. By size, the ratio drops to 2.09, below the crowd’s count. Most large accounts sit on the bullish side without putting much behind it, and their shorts are the bigger trades.
Funding Gap Turns Negative: Charlie Quant LabXRP is one of four majors where that gap runs negative.
XRP Price Levels That Decide ItAll of it comes down to one line. XRP trades at $1.4079, above both averages, which keeps the recovery alive. Confirmation sits at $1.4785, about 5% up, the level that has capped every rebound since late August.
Clearing it opens $1.5832, then the $1.6678 to $1.7038 area around the August peak, a 21% move from here. A daily close below $1.3092 breaks the setup.
XRP Price Analysis: TradingViewAnalyst’s View: Nobody is selling XRP, and nobody is buying it either. A price only climbs when someone shows up willing to pay more, and right now that person is missing.
Crypto exchange WOO X is struck with credibility and operational warning signs. According to reports presented by pseudonymous blockchain investigator ZachXBT, several verified WOO X users contacted him after experiencing withdrawal problems over the previous few days.
Some withdrawals reportedly remained pending for up to three days, while others were stuck for several hours without being broadcast to the blockchain. Moreover, there were also reports of withdrawal requests being canceled.
Source: ZachXBT/Telegram What’s happening with WOO X? However, these delays have not yet proved that the exchange is insolvent or that customer funds are lost. However, if withdrawals that normally take minutes or hours are now sitting in “pending,” “processing,” or “submitted” status for several days, users will naturally start questioning the “why” behind this.
Clearing the air around the matter, WOO X eventually took to X and acknowledged the issue the exchange has been facing and said,
Source: X In fact, on the 7th of September, the crypto exchange also came up with a solution for users whose withdrawals are paused or failing due to KYC reasons.
Source: X What is the BitMart connection? What brings this matter to the spotlight is WOO X’s current ownership and management structure. So for context, WOO X has a connection to FusionX Digital.
In that chain, the latter is further linked to Sheldon Xia, the founder of BitMart, who has also been associated with the WOO X operation following the 2025 transition.
Now since BitMart itself is going through a major winding-down process, users are naturally drawing comparisons. For those unaware, BitMart had officially announced on the 26th of July, 2026, that it would begin an orderly cessation of its trading-platform operations.
BitMart takes a step back One month after the announcement, BitMart stopped new registrations and deposits and subsequently halted trading services. BitMart later said it was exploring a potential restructuring and possible phased resumption of operations, with a roadmap expected by the 9th of September.
Ergo, the next few days are crucial. If delayed withdrawals clear and appear on-chain, it would suggest an operational issue. However, if rising complaints, prolonged delays, or broader withdrawal restrictions continue to pile up, then that would signal a much more serious problem.
Final Summary WOO X users are experiencing withdrawal complications over the previous few days. WOO X’s current connection with FusionX Digital adds further strain to the matter.
AI-themed tokens have recently seen renewed capital rotation. Bittensor [TAO] is in the middle of fresh market demand. In fact, the market cap of AI coins jumped by 5% to $19 billion while trading volume skyrocketed by 18% to $3.97 billion.
Amid this sector-wide capital flow, TAO has shown strong upside pressure, extending its upsurge after previously flipping $250 to reach a high of $277. The coin has not reached these levels since June.
As of this writing, Bittensor was trading around $272, up 13.4% on the daily charts. At the same time, market cap crossed $3 billion while the trading volume rose 164% to $558 million.
TAO pumped strongly as it went live on Raydium. The integration connected decentralized AI infrastructure with Solana’s DeFi capital. Since Raydium leverages Solana’s user base, with the integration, TAO now has a wider user base.
One area that TAO benefits the most is integration with memecoin launchpads, especially StonkFun. In fact, after it went live, a Bittensor memecoin was launched on Solana called BUTT.
BUTT’s market cap rose to over $6 million. However, BUTT’s holders had to swap to TAO first, which in turn drove the price for TAO.
Demand for Bittensor on the rise again Incentivized by the expanded reach, investors have increased capital deployment significantly. On the Spot side, for example, the market has recorded a positive delta for five consecutive days.
Source: Coinalyze Coinalyze data showed that Bittensor recorded 265k in buy volume with the buy/sell delta rising to 24k. This indicated buyer dominance on the Spot market.
On the derivatives side, traders have also increased participation. In fact, the altcoin’s Open Interest surged $428 million, marking a four-month high.
Source: CoinGlass With OI rising to May levels, it suggests traders have opened new positions, both shorts and longs, a clear sign of increased speculation.
Historically, strong speculative demand and Spot accumulation have strengthened momentum, leading to more gains on the price charts.
Is the uptrend sustainable? Bittensor is under strong bullish pressure amid renewed market interest and capital rotation. The expanded user base with the memecoin launch on Raydium has strengthened the uptrend.
A look at the MACD showed that the momentum indicator formed a bullish crossover and climbed to 10. At the same time, the Awesome Oscillator rose to 22, holding green for two consecutive days.
Source: Tradingview Rising MACD and AO reflect buyer dominance in the market. Often, such a setup has resulted in some more gains.
Therefore, if the market conditions hold, Bittensor will close above $280 and eye the $300 resistance level. However, if the speculation around Raydium integration fades, TAO will retrace to $234.
Final Summary TAO surged 13%, to reach a three-month high of $277, then retraced to $267 at press time. The main catalysts were Raydium’s integration and the launch of BUTT memecoin, which brought in more demand.
Raydium, the dominant decentralized exchange on Solana, pulled in nearly $440,000 in protocol revenue on September 6, making it the platform’s best single day since July 2025. The catalyst was straightforward: StonkFun, a token-launch platform specializing in stock and commodity tokens, officially integrated with Raydium’s LaunchLab infrastructure.
StonkFun’s native token STONK ripped more than 250% on the day, hitting an approximate market cap of $140 million. Raydium’s own RAY token climbed over 40% as traders piled into the newly expanded liquidity pools.
What StonkFun actually brings to the table StonkFun focuses on tokenized representations of traditional financial assets like stocks and commodities, giving DeFi users access to price exposure on instruments that typically live behind brokerage accounts and market hours.
Before this LaunchLab integration, StonkFun had already built a meaningful business. The platform generated over $1.21 million in total revenue and routed approximately $219 million in trading volume through Raydium, out of a total exceeding $392 million across all venues.
During the second quarter of 2025, LaunchLab contributed roughly 21.7% of Raydium’s total net revenue — about $4 million out of $18.4 million.
The new integration supports permissionless deployments, bonding curves, and constant-product market-maker pools for any token. Deployment costs have dropped from 0.29 SOL to 0.03 SOL, roughly a 90% reduction.
Why $440K matters more than it sounds When new tokens launch through LaunchLab, early buyers purchase along a mathematically defined price curve before the token graduates to a standard liquidity pool. Each of those bonding-curve trades generates fees for the protocol. With StonkFun funneling its tokenized asset launches through this system, Raydium captures revenue at every stage of a token’s lifecycle, from initial bonding curve to mature trading pair.
Rather than forcing every new token to pair exclusively against SOL or USDC, StonkFun’s integration allows for tailored trading pairs through custom quote assets, which can attract specialized liquidity providers who want exposure to specific asset combinations.
Competitive positioning and what comes next Raydium has been in a multi-year battle for DEX supremacy on Solana, competing against platforms like Orca and Jupiter for market share. By becoming the infrastructure layer where new tokens are born, Raydium captures trading activity that competitors never see.
At 0.03 SOL per deployment, the barrier to creating a new token is essentially zero. While it drives volume and revenue in the short term, it also opens the door to a flood of low-quality launches that could dilute user attention and strain liquidity across too many pairs.
For RAY token holders, the 40% price jump reflects market confidence in StonkFun’s integration. With the platform already accounting for over a fifth of LaunchLab revenue before this deeper integration, more launches mean more volume and more fees accruing to the protocol.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Nubia's NaviX Ultra launches Sept. 16 in China as the world's first mass-produced AI-agent smartphone — and its pivot from forced screen-scraping to standardized protocols raises a $700 question about who controls the smart home.
Ordering dinner, booking a ride, and checking a bank balance usually requires hopping between three different apps, fighting with login screens, and hoping the interface doesn’t glitch. On September 16, Nubia is launching the NaviX Ultra in China, a device that promises to do all of that for you through a single, persistent AI agent. It is the world’s first mass-produced AI-agent smartphone, and it is trying to solve the friction of modern digital life by essentially taking over your screen.
The hardware is substantial. Under the hood, you get a Snapdragon 8 Elite Gen 5 processor, a 7,100mAh battery, and a triple 50MP camera array, all packed behind a 6.78-inch 144Hz OLED display. But the real story isn’t the specs; it is the lack of a traditional home screen. Instead, you interact with the device via voice or a dedicated orange button that triggers the Doubao AI. It is a bold, if slightly unsettling, approach to mobile computing.
This is the second generation of the Doubao phone, and it represents a significant tactical retreat from the company’s earlier, more aggressive strategy. When the first-gen Nubia M153 launched in December 2025, it used a technique called INJECT_EVENTS to simulate human touch on apps. It was essentially a digital burglar, forcing its way into apps like WeChat, Taobao, and Alipay. The backlash was immediate. Critics, including Samm Sacks writing for Lawfare, described the device as having “god’s fingertips,” leading to widespread blocking by major platforms. The NaviX Ultra, which recently received network access approval from China’s MIIT, is trying to play nice by shifting to standardized Model Context Protocol (MCP) and A2A protocols. It is a move from forced entry to requested access.
This pivot arrives just as the industry is obsessed with the “agent” concept. At our recent IFA Berlin coverage, we saw a wave of five competing home AI hubs — including the Anker MindBase and LG ThinQ Claw — all fighting for space in the living room. These hubs are proprietary and entirely siloed. The NaviX Ultra is essentially the mobile version of this battle. While the home hubs are stationary, the NaviX Ultra is a mobile, OS-level agent that wants to be the primary interface for your entire digital existence.
The money lens here is about who owns the transaction. If an AI agent sits between you and your apps, it becomes the gatekeeper. ByteDance, which co-developed the phone with ZTE, is clearly aiming to transition from a disruptive outsider to a platform partner. By using MCP, they hope to enable revenue through app-integrated transactions. However, this creates a classic “walled garden” dilemma. Consumers are caught between fragmented, non-interoperable hardware hubs and a centralized, mobile-first agent that requires app developers to actually play along.
The numbers suggest a cautious rollout. With an initial production run of roughly 200,000 units and an estimated price of 5,000 yuan, or about $700 USD, this is a premium experiment. It has already picked up the WAIC 2026 SAIL Award, but industry recognition does not guarantee consumer adoption. Research shows that while 50% of users want a centralized view of their devices, 41% cite privacy as their top barrier. People want convenience, but they are rightfully wary of handing over their digital keys to a single agent.
The biggest hurdle remains the cooperation of third-party apps. Even with the shift to standardized protocols, the NaviX Ultra’s utility is entirely dependent on whether companies like Tencent or Alibaba decide to open their doors. If they continue to block agent access, the phone becomes little more than a very expensive, very fast piece of hardware with a fancy orange button. Furthermore, with ZTE currently under an FCC ban in the United States, this is strictly a China-only affair. We are watching a high-stakes test of whether a standardized protocol can actually bridge the gap between competing tech giants, or if the agent economy will remain as fragmented as the hardware it seeks to replace.
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Blockchain security firm Blockaid flagged a Cozy Finance exploit on Optimism early Monday. The attacker drained roughly $170,000 and bridged the funds out within 13 minutes.
Cozy Finance runs protection markets that let users buy cover against DeFi failures. An earlier Optimism attack cost the protocol about $427,000 in August 2025.
Attacker Bridged the Money Out in 13 MinutesThe exploit transaction landed at 05:43 UTC on Monday, according to OP Mainnet explorer data. It moved about 163,326 USDC.e out of the protocol across 63 token transfers.
Meanwhile, the same transaction burned roughly 1.6 million Cozy PToken (CPT). The attacker then approved a token and pushed the funds through a bridge at 05:56 UTC.
That exit came before Blockaid published its alert. Explorer records show no further movement from the wallet since.
The attacker also prepared well ahead. Records show the attack contract went live on September 2, five days before the drain. The wallet drew its first funds from a Relay solver.
Blockaid also named Cozy Set (CSET) as the abused token contract. That contract remains unverified and still holds about $4,168 in USDC.e.
🚨Community alert:
Blockaid detected an ongoing exploit on @cozyfinance on Optimism.
170k$ drained so far.
More details in 🧵
— Blockaid (@blockaid_) September 7, 2026
Blockaid. Source: XCozy Finance Exploit Repeats a 2025 FailureThis is not the protocol’s first loss on Optimism. An attacker took about $427,000 in August 2025, security firm Verichains found.
The flaw sat in the withdrawal code, which never checked who completed a redemption. Cozy Finance now ranks fifth among insurance protocols on DefiLlama, holding about $1.3 million.
DefiLlama listed roughly $172,000 on the Optimism side. Therefore, the attacker appears to have swept close to the entire deployment there.
Similar raids keep landing across DeFi. Notional Finance lost $1.73 million last week to an integer overflow bug. Days earlier, Full Sail wound down operations after an attacker took roughly $91,000.
Monday brought a far larger case as well. Roughly $320 million in Bitcoin left the Liquid Network, and the actors claimed white hat intentions on-chain.
However, early loss figures often move. Blockaid first sized an August Flow exploit at $9.3 million before the network put the damage near $410,000.
Blockaid promised more detail as it traces the money. The sum is small, yet a second breach on the same chain raises harder questions.
The Biden Meme coin has cooled the crypto market, with investors fearing it may repeat the same fate as the TRUMP Meme coin.
According to HTX market data, since Hunter Biden announced the launch of meme coin LAPTOP, Bitcoin has fallen approximately 0.7%, Ethereum has dropped around 0.85%, and SOL has declined about 1.17%. Several previously high-profile meme coins also saw declines: MEME fell 19%, PONS dropped 9%, BONER declined 17%, Basecat fell 10%, and ZCAT dropped 13%. Notably, this market reaction may stem from a "precedent". Trump’s TRUMP coin was launched on January 17, 2025. While it saw continuous gains on its launch day, sparking FOMO in the community, its price has since plummeted, leaving behind a "mess" for the crypto space and drawing criticism from mainstream media. Data shows Bitcoin hit a high of $103,000 on January 17, 2025, but fell roughly 25% over the subsequent 54 days. At that time, the Solana network was also in a meme coin boom, with an average daily trading volume of around $4.53 billion, and a single-day peak of $5.86 billion (its current 24-hour volume is approximately $1.915 billion). Some of the most popular meme coin projects at that time peaked either before the launch of TRUMP coin or in recent days, including the once-hot ai16z (market cap of $2.74 billion), FARTCOIN ($2.84 billion), GRIFFAIN ($640 million), and pippin (phase peak of $370 million), among others.
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Hunter Biden-related Meme coin siphons market before launch, popular Meme coins in Robinhood ecosystem fall across the board.
Popular meme coins in the Robinhood ecosystem have fallen broadly, likely impacted by news that Hunter Biden, son of former US President Joe Biden, is set to launch a meme coin $LAPTOP named after the "laptop incident". Specific declines: · PONS dropped nearly 9% following its coin announcement, with its market cap falling to $726 million; · CASHCAT fell nearly 10% after its announcement, hitting a $190 million market cap; · AI dropped over 10% post its announcement, with its market cap standing at $179 million; · MEME once plunged over 20% after its announcement, dropping to a $91 million market cap; · microduck once fell over 25% post its announcement, hitting $17 million in market cap. BlockBeats Note: Price calculations are based on data released after the coin announcement at 22:50 Beijing Time today. Reminder: Most meme coins lack real use cases, feature highly volatile prices, and carry significant investment risks—invest with caution.
2 minutes ago
Former US President Joe Biden's son Hunter Biden confirmed via a tweet that he is teasing the release of 'LAPTOP'.
While The Wall Street Journal broke the news that Hunter Biden, son of former US President Joe Biden, will launch a meme coin named LAPTOP, Hunter Biden himself posted a teaser tweet and video on his official Twitter account, confirming the meme coin will be released on September 9. The name LAPTOP directly references the high-profile 2019-2020 Hunter Biden laptop scandal, in which his MacBook Pro was left at a computer repair shop in Delaware, and the shop owner later uncovered extensive private content stored on the device. That content was subsequently published by the New York Post ahead of the 2020 US presidential election, serving as a core tool for Republicans to attack the Biden family and a major, long-running controversy in US politics for years.
2 minutes ago
CZ responds to "account hacked" allegations: Unfollowed some accounts solely because they had been inactive for over 30 days.
Binance founder CZ has posted a statement explaining the reason for unfollowing certain accounts, stating it was solely due to those accounts being inactive for more than 30 days. Earlier, CZ’s official Twitter account unfollowed several Binance Europe-related service accounts, which was initially interpreted by the crypto community as CZ’s Twitter account being hacked. The incident also spurred the emergence of some meme coin hype.
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The crypto community is abuzz over the resurgence of "political meme coins", with community sentiment leaning heavily toward satire and risk warnings.
The Wall Street Journal (WSJ) reported today that Hunter Biden, son of former U.S. President Joe Biden, is launching a meme coin called $LAPTOP, named after his high-profile "laptop incident," with a planned launch on Coinbase’s Base network on September 9. The crypto community is abuzz over the resurgence of political meme coins. Current community discussions center on three main angles: mainstream coverage, satire, and risk warnings. Mainstream reports highlight the token’s tie to the "laptop scandal," noting a portion will be allocated to those who suffered losses from $TRUMP, a move interpreted as a "counter-response" to the Trump family’s crypto projects. Analytical posts point out this is no ordinary celebrity coin—it turns one of the most politically weaponized symbols of the past decade into a tradable asset. The controversy itself acts as viral fuel, likely attracting three groups: supporters, opponents, and pure speculators, mirroring the attention rotation and liquidity battles seen earlier with $TRUMP and $MELANIA. Cautious traders warn that all tokens bearing the same name before the official launch are copies, advising against purchasing them. Some have already rushed to trade unofficial contracts to capitalize on early gains. Overall sentiment leans toward playfulness and caution: some joke that "the laptop ended a presidency, now it’s providing exit liquidity for others," while others argue political controversy has become a tradable asset class. History shows, however, that celebrity and political meme coins often "peak at launch," with subsequent attention fading rapidly. The event remains in the preview stage; official contracts and launch details will be confirmed via official channels. The crypto community’s interest in political meme coins has reignited, and its future trajectory will depend on the actual launch and market sentiment.
2 minutes ago
Official Twitter account and smart contract of alleged Hunter Biden-linked new meme coin project $LAPTOP revealed
According to data from X platform pages, the official Twitter account and contract for a new meme coin project "$LAPTOP" allegedly linked to Hunter Biden, son of former US President Joe Biden, have been revealed. The account, named Laptop (@Laptoptoken), has also been followed by Hunter Biden’s official Twitter account. The project’s bio states “Coming to @base September 9” and includes the relevant token contract address, matching earlier reports. BlockBeats reminds users: All disclosed information is community speculation and has not been officially confirmed. Do not interact with any unfamiliar links to protect your asset security. Earlier, The Wall Street Journal reported that Hunter Biden would launch a meme coin themed around his “laptop affair”, with the token ticker “$LAPTOP”, scheduled to launch on Coinbase’s Base network on September 9. According to sources, $LAPTOP has a total supply of 1 billion tokens. The founding team, including Hunter Biden, will hold 30% of the tokens, which are locked for six months and will vest over two years. Another 20% will be distributed in two batches to investors who previously lost money buying Trump’s meme coin $TRUMP, Hunter Biden’s Substack subscribers, and other groups. Additionally, the project team plans to burn up to 30% of the tokens based on the outcomes of 30 preset events, including the Democratic Party winning the 2028 US presidential election, Bitcoin hitting a new all-time high, and $LAPTOP’s fully diluted valuation exceeding $TRUMP, among others. If the relevant events do not meet their targets, the corresponding proportion of tokens will be donated to charity.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Cognizant plans to hire 1,500 U.S. college graduates during 2026 expansion. Frontier Engineer and Business Operator roles will scale to 15,000 workers. Cognizant doubles its Synapse training target to 2 million people globally by 2030. Cognizant joined RAISE US as the coalition targets $1 billion for retraining. CTSH fell 3.60% to $62.31 at the close, then rose 1.11% to $63.00 after hours. Cognizant (CTSH) stock closed at $62.31, down 3.60%, then gained 1.11% to $63.00 after hours. The company has now outlined a wider U.S. workforce plan built around graduate hiring, specialized roles, and large-scale training. The strategy links campus recruitment with new job categories as Cognizant expands enterprise technology services for the AI economy.
Cognizant Technology Solutions Corporation, CTSH
Cognizant Expands Graduate Hiring Across U.S. Campuses Cognizant plans to hire 1,500 U.S. college graduates during 2026 as it broadens its early-career technology workforce nationally. The company will recruit through university partnerships and direct hiring programs that connect graduates with emerging technical and business roles. Its current university relationships include the University of Georgia, Arizona State University, and the University of Kentucky.
The hiring plan also builds on Cognizant’s role as a national sponsor of registered apprenticeships with the Labor Department. These programs combine workplace experience with structured technical training, mentoring, and career development for people entering technology services. Together, the university and apprenticeship channels give Cognizant several routes for expanding its domestic workforce during the technology transition.
Cognizant previously announced that its 2026 graduate hiring would cover its core services business and its Belcan engineering subsidiary. The latest expansion places more emphasis on preparing graduates for roles that combine technical skills with practical business execution. That approach gives the company a broader recruitment base while linking entry-level hiring directly with changing client requirements.
Frontier Workforce Plan Targets 15,000 Specialized Roles Cognizant plans to scale its Frontier Certified Engineer and Frontier Business Operator workforce to a combined 15,000 people. The two roles form a new professional job family focused on applying advanced technology to business operations and client delivery. Annual university recruitment will support the expansion while creating a direct pathway from campuses into Cognizant’s specialized workforce.
The company has already used these teams to redesign a food-service company’s account-management process through seventeen production automation agents. Cognizant said the project recovered roughly eleven working hours for each account manager every week through redesigned workflows. The example shows how the new roles combine engineering, business knowledge, and process redesign within client operations.
Cognizant has also expanded worker certifications across several major frontier technology platforms as enterprise demand grows. The company reports over 15,000 certifications on one platform and 5,000 certifications through a coding partnership. These credentials support Cognizant’s effort to build a workforce that can deploy advanced systems across large enterprise environments.
Cognizant Doubles Global Skilling Goal to Two Million Cognizant has doubled its Synapse workforce training target after surpassing its original goal of one million people early. The company now aims to train two million people globally by 2030 through technology and workforce development programs. This expansion extends the workforce strategy beyond Cognizant’s direct employees and university recruitment channels.
The company has awarded $70 million in philanthropic grants since 2018 to expand STEM education and technology career access. It also works with Pearson and the Association of Community College Trustees on training and workforce development initiatives. Cognizant has joined RAISE US, which aims to mobilize $1 billion for retraining and new earn-and-learn pathways.
Cognizant also signed a White House pledge focused on expanding artificial intelligence education opportunities for young Americans. Meanwhile, company research with Oxford Economics estimates technology could support $4.5 trillion of U.S. work tasks today. The same research projects about $1 trillion in added U.S. economic value over the next decade through broader adoption.
Pendle needed less than 30 days to become the second-largest DeFi protocol on XLayer, OKX’s EVM-compatible Layer 2 network. The yield tokenization platform has amassed $37.5 million in TVL on the chain, a figure that represents a remarkable chunk of XLayer’s total DeFi TVL of roughly $150 million.
What makes this even more striking: nearly all of that capital flowed through a single market built around USDG, the Paxos-issued stablecoin backed by USD reserves and Treasuries.
How Pendle carved out a quarter of XLayer’s DeFi Pendle launched natively on XLayer around August 11, 2026. Within weeks, the protocol’s TVL surged by 268% over a seven-day stretch, according to DefiLlama data.
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The catalyst was a carefully orchestrated combination of liquidity incentives and cross-protocol integration. On the incentive side, Pendle rolled out LP rewards designed to attract capital into its USDG yield market. On the integration side, the real accelerant was Aave V3.
Around August 31 to September 1, Aave V3 on XLayer began accepting Pendle’s PT-USDG, the principal token representing fixed-yield positions on USDG, as collateral. The loan-to-value ratio came in at 93.59%, which means depositors can borrow up to roughly 94 cents for every dollar of PT-USDG posted. Aave also attached a $150,000 incentive pool to sweeten the deal.
The result was a classic DeFi composability loop. Users could deposit into Pendle’s yield market, receive PT-USDG, post it as collateral on Aave, borrow against it, and potentially reinvest. Each step in the chain created additional demand for the underlying asset, pulling more capital into both protocols simultaneously.
USDG’s quiet dominance on XLayer The Paxos-issued stablecoin accounts for over 92% of XLayer’s approximately $1.7 billion stablecoin market cap. That concentration means any protocol that builds compelling yield products around USDG gets a direct pipeline to most of the ecosystem’s stable capital.
The multi-chain playbook Pendle now operates across 14 different blockchain networks, with a cumulative TVL exceeding $1.2 billion. On XLayer specifically, the strategy has been focused on stablecoins and Real World Asset-linked yield markets. The protocol works by splitting yield-bearing assets into Principal Tokens (PTs), which offer fixed returns at maturity, and Yield Tokens (YTs), which allow holders to capture variable yield.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
7 September 2026 | 13:26 ARB has rallied roughly 111% from around $0.078 in early August, but the sharp rejection below $0.21 now makes revenue, activity and support levels decisive.
Key Takeaways Robinhood Chain created a DAO-income channel. ARB has no automatic revenue distribution. RWA figures show scale, not guaranteed liquidity. $0.154 is the immediate support level. ARB’s gain stood apart from the broader market move ARB traded near $0.165 on the Coinbase daily chart on September 7 at around 09:50 UTC, after rising from an early-August area around $0.078. The advance reached $0.206 before reversing, leaving the token about 19.6% below its recent high at the time of the chart capture.
Arbitrum (ARB/USD) price gaining 111% since early August. CoinGecko data showed ARB up about 90% over seven days, while total crypto market capitalization had gained about 2.4% over the same period. That performance gap suggests traders were also responding to Arbitrum-specific developments.
Robinhood Chain introduced a new income stream for ArbitrumDAO One important factor is the commercial structure behind Robinhood Chain. The network launched on public mainnet on July 1 as a dedicated Arbitrum chain that settles to Ethereum. Under the Arbitrum Expansion Program, 10% of its protocol net revenue is allocated to the ecosystem: 8% to the ArbitrumDAO treasury and 2% to the Arbitrum Developer Guild.
The distinction between net revenue and gross transaction fees matters. Not every fee paid by a Robinhood Chain user becomes DAO income. Still, the agreement gives ArbitrumDAO a measurable economic interest in the chain’s activity. ArbitrumDAO’s Robinhood Chain factsheet says the treasury share is routed through the AEP fee router and included in regular DAO financial reporting.
Robinhood’s stock-token products, lending services and liquidity applications operate on that infrastructure. This earlier look at how Robinhood Chain’s transactions connect to Arbitrum explains why the relationship matters beyond a standard technology partnership.
In a late-August update, the Arbitrum Foundation said Robinhood Chain had generated more than $800,000 in revenue over the preceding seven days. The figure showed that the arrangement was already producing activity worth monitoring, although a one-week run rate cannot establish long-term income. The Foundation’s update annualized that pace at roughly $42 million.
DAO income does not automatically become ARB income Robinhood Chain can strengthen the DAO treasury, but ARB does not currently give holders an automatic right to that revenue. There is no built-in buyback, dividend or distribution mechanism tied to the AEP payments.
A larger treasury can fund ecosystem spending, but only through future DAO decisions. It can support grants, security work, liquidity programs and product development, while making governance over those assets more consequential. The rally can therefore be read as a bet on ecosystem growth and governance value, rather than a direct revenue-yield trade.
That is also the key risk in the current narrative. Sustained Robinhood Chain revenue would improve the DAO’s position, but the market will eventually need to see how that income is used if it is to support a higher long-term valuation for ARB.
Arbitrum’s first-half figures gave traders fresh evidence The Arbitrum Foundation’s first-half 2026 report, published on September 2, showed that the DAO already had several income sources beyond the Robinhood arrangement. It reported $6.19 million in total first-half income from transaction fees, Timeboost, Arbitrum Expansion Program licence fees and treasury income, with gross margins of 97% across those revenue streams.
The report also listed $125 million in non-ARB treasury assets as of June 30. Arbitrum processed 478 million transactions during the first half of the year and averaged more than $70 billion in monthly stablecoin transfer volume, according to the Foundation’s progress update.
These figures do not show that the report caused ARB’s rally but they show that the DAO’s income is diversified and that Robinhood Chain is joining an ecosystem with an established activity base.
RWA data shows scale, but not necessarily liquidity RWA.xyz lists $972.96 million in distributed asset value and $24.55 million in represented asset value on Arbitrum. The platform recorded 9,706 RWA holders and $398.58 million in 30-day transfer volume.
Its 4,678 listed tokenized assets show the breadth of Arbitrum’s RWA footprint, but issuance does not automatically mean those assets trade actively. Many tokenized funds, debt instruments and securities are designed for long-term holding, restricted to eligible investors or traded through limited venues. The better evidence of growing use will be continued increases in holders, transfers and fee-paying activity.
RWA dashboards also use different methodologies. DeFiLlama puts Arbitrum’s active RWA market capitalization at $822.92 million, below RWA.xyz’s broader distributed and represented asset values. The difference is a reminder that tokenized-asset totals should be read as indicators of network scale, not as a single definitive measure of liquidity.
DeFiLlama also puts Arbitrum’s DeFi TVL at about $1.42 billion, alongside $3.59 billion in stablecoin market capitalization, $118.8 million in daily DEX volume and $734.8 million in daily perpetuals volume. Stablecoin totals can vary across dashboards because providers classify bridged, represented and native assets differently.
The latest data from growthepie shows 1.3 million transactions and 87,700 daily active addresses on Arbitrum. Those figures show that the network has an active user base, but they cannot determine how much of that activity came from Robinhood Chain, RWAs or other applications.
Infrastructure upgrades add to the institutional case Arbitrum’s recent technical work also fits the institutional-use narrative. ArbOS Elara, activated on August 20, added larger contract-size limits and programmable compliance controls for dedicated chains, alongside changes to fee and data-availability infrastructure. The Foundation has also outlined research into using zero-knowledge proofs to speed up settlement while retaining optimistic-rollup safeguards. Arbitrum’s August update described both developments.
Neither development proves a direct cause of the latest ARB move. They do help explain why a financial firm or tokenization issuer may view Arbitrum as infrastructure for a dedicated, regulated or high-volume product.
That fundamental backdrop explains why the breakout attracted attention. The chart now shows whether buyers are prepared to defend it.
Arbitrum (ARB/USD) daily price chart with Fibonacci levels and RSI indicator. ARB price levels to watch after the rejection The Fibonacci retracement is drawn from the $0.07028 swing low in July to the $0.20606 September rally high visible on the daily chart. ARB slipped below the 23.6% retracement at $0.17401, turning it into the first level buyers need to reclaim.
ARB price levels to watch
Key Fibonacci resistance and support zones
Price level
Why it matters
$0.206
Recent rally high and the main upside barrier.
$0.191–$0.206
The recent rejection zone where selling emerged.
$0.174
23.6% Fibonacci retracement; first resistance to reclaim.
$0.154
38.2% retracement and the first major support.
$0.138
50% retracement and the next downside level.
$0.122
61.8% retracement and deeper structural support.
$0.099
78.6% retracement near the longer-term average cluster.
A daily close above $0.174 would show that buyers have recovered the first lost Fibonacci level. That would reopen the path toward $0.191 and then $0.206. If daily closes hold above $0.154 but remain below $0.174, ARB would be consolidating after the rapid advance rather than confirming a new leg higher.
A close below $0.154 would put $0.138 in view, followed by $0.122. A deeper decline would bring the $0.099 retracement into focus. That area sits near the 200-day moving average at $0.09927; the 50- and 100-day averages are lower, near $0.093 and $0.088.
The chart showed volume rising during the breakout. Whether volume returns on a reclaim of $0.174, or grows on a break below $0.154, will help show which side has control after the first major pullback.
What would validate the rally from here? The rally coincided with a new DAO-income channel and stronger evidence of Arbitrum’s financial activity. The next evidence traders need is recurring revenue, not another headline.
Robinhood Chain’s reported net revenue should continue to appear in DAO financials, while RWA holders, transfer volume and broader network activity should keep growing alongside asset values. On the chart, ARB needs to hold $0.154 and reclaim $0.174 to show that the current move is becoming a defended trend rather than a short-lived repricing of future potential.
This article is for informational purposes only and does not constitute financial advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Wintermute, a leading market maker in the cryptocurrency market, is reportedly continuing its purchases of the PONS token, which operates on Robinhood Chain. According to data from the blockchain analytics platform Arkham, the company is making its PONS purchases in multiple tranches rather than all at once.
According to data shared by Arkham, Wintermute’s wallets hold approximately $3 million worth of PONS. This accumulation indicates the market maker’s increasing interest in new token projects within the Robinhood Chain ecosystem.
PONS stands out as the native token of Robinhood Chain’s non-custodial token issuance platform. The platform aims to enable users to create and launch token projects without relinquishing control of their assets to a central intermediary.
Wintermute’s gradual purchases of PONS are being closely watched in terms of market liquidity and price movements. The act of large market participants buying a particular token at different times and in tranches is considered an on-chain indicator that allows for tracking market positioning.
Arkham’s data reveals that Wintermute’s PONS position is approximately $3 million, but there is no official explanation from the company regarding the purpose for which it is accumulating the token.
PONS’s connection to Robinhood Chain is significant in terms of the token’s future ecosystem use cases. The fact that an institutional-scale market maker like Wintermute is accumulating the token has also drawn investor attention.
However, the increase in the amount of tokens held in an on-chain wallet alone does not reveal the company’s long-term investment strategy. Investors will be watching to see if Wintermute’s PONS position will change in the future.
*This is not investment advice.
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Two of the crypto market's more technically distinct projects, Kaspa and Internet Computer, are leading a broad altcoin rally on September 7, 2026, with several other assets also posting sharp 24-hour gains.
KAS and ICP Lead the Pack According to CoinMarketCap data cited by @BSCNews, $KAS has surged over 20% in the past 24 hours, placing it among the day's top performers. @kaspaunchained's native token has been building technical momentum over recent weeks. Per CaptainAltcoin,
@dfinity's Internet Computer token is not far behind KAS in terms of 24-hour performance, adding to a broader wave of altcoin strength that has swept through the market today.
Broader Market Rally Pulls In Other Assets The rally is not limited to KAS and ICP. $INJ, $FIL, and ethereum:0x163f8c2467924be0ae7b5347228cabf260318753 have all recorded meaningful price gains in the same period. The move in $INJ aligns with recent positive developments around the Injective protocol.
The broader market context also plays a role. That wave of short liquidations has helped fuel upward price pressure across the market.
As always, sharp single-day moves in altcoins carry elevated risk, and traders should exercise caution before reading too deeply into short-term percentage gains.
Sources:
CoinMarketCap: Crypto Market News Today
CaptainAltcoin: Kaspa Price Pumps on Institutional Connection
BitcoinHaber: Crypto Market Rally Driven by Monetary and Regulatory Events
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The @SuiFoundation has crossed a notable milestone, surpassing 609,800 $SUI in year-to-date open-market buybacks. Data shows a single-day acquisition of 8,000 $SUI on September 5, bringing the current value of the buyback treasury to approximately $490,000.
How the Buyback Mechanism Works The programme is funded entirely by on-chain yield, with no dilutive fundraising involved.
Scale and Broader Significance
As the year-to-date total now exceeds 609,800 $SUI, the programme stands as one of the more concrete examples of a Layer-1 foundation converting balance-sheet activity into recurring token demand.
Sources:
CoinDesk: Sui's Native USDsui Stablecoin Goes Live
Crypto Briefing: Sui Turns Stablecoin Reserves Into a Token Buyback Machine
AMBCrypto: SUI Buyback Programme Gathers Pace
Pi Network (PI) hovers around a key resistance level, struggling to advance its 5% gains from last week. Pi Core Team released new functionalities for developers alongside new documentation, pushing its ecosystem’s utilities. The technical outlook for PI shows a downside risk as momentum wanes.
Core Team expands developer functionalitiesPi Core Team introduced new developer tools on Friday, alongside a developer documentation for a clear guide for developers to build new Pi Apps. The new features include local storage support, access to app-specific staking data, and file and video sharing. This marks the Core Team's focus on ecosystem expansion following the recent RoboPay partnership focused on retail utility.
Technical outlook: Could PI token sustain its momentum?Pi Network trades around $0.0944 at press time on Monday, keeping a broadly bearish bias. The PI token remains capped below the 50% retracement of the $0.1341 to $0.0703 at $0.0971, a resistance level intact since mid-July.
The Relative Strength Index (RSI) around 56 on the daily chart shows a mild downtick above the midline, suggesting easing bullish pressure. At the same time, the Moving Average Convergence Divergence (MACD) line holds a positive slope above the signal line, hinting at mild bullish momentum.
A confirmed breakout above $0.0971 could extend the rally toward the 78.6% Fibonacci retracement level at $0.1168.
PI/USD daily price chart.Looking down, the key support for PI remains at the 23.6% Fibonacci retracement at $0.0818, followed by the $0.0703 swing low.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Ethereum developers have committed EIP-8141, known as Frame Transactions, to the network’s 2027 Hegotá upgrade, putting native account abstraction on the path to becoming part of Ethereum’s standard transaction system.
Summary
Ethereum developers have scheduled EIP-8141 Frame Transactions for inclusion in the Hegotá upgrade planned for 2027. Frames separates transaction authorization, gas payment and execution, allowing an app or another account to cover a user’s ETH transaction fee. The proposal could let users transact with stablecoins without holding ETH while validators continue receiving network fees in ether. Frames can bundle related actions such as token approvals and trades so permissions are reversed if the accompanying transaction fails. Programmable validation could allow accounts to rotate private keys or adopt quantum resistant authentication without moving assets to a new address. Core developers moved EIP-8141 from Considered for Inclusion to Scheduled for Inclusion during the Aug. 27 All Core Developers Execution call, according to the Hegotá Meta EIP. The change gives Frames a formal place in the planned upgrade, though the proposal remains a draft and its technical details can still change before deployment.
Ethereum co-founder Vitalik Buterin, one of the proposal’s 10 authors, drew attention to the work on Sunday after months of development.
“A lot of important progress on Frames (EIP-8141) has been quietly happening over the last few months,” Buterin wrote on X, recommending the updated specification.
The proposal addresses several restrictions built into ordinary Ethereum accounts, including the requirement that the account initiating a transaction must hold ether to pay the network fee.
Frame Transactions could let apps pay Ethereum gas Ethereum currently requires transaction fees to be paid in ETH. A wallet holding stablecoins or other tokens cannot move those assets unless it has enough ether to cover the transaction.
EIP-8141 separates the different parts of a transaction into programmable frames covering authorization, fee payment and execution. The account sending assets and the account paying the gas would no longer need to be the same.
A payments application could therefore pay the ETH fee for a user or accept stablecoins from the user while handling the required ether payment itself. Validators would continue receiving fees through Ethereum’s existing fee system, while the wallet holder would not need to acquire ETH first.
The design moves several features associated with account abstraction into Ethereum’s normal transaction flow. Existing implementations such as ERC-4337 can already support sponsored gas and programmable wallets, but they use separate infrastructure including UserOperations, bundlers and paymasters.
ERC-4337 has operated on Ethereum since 2023 without requiring a change to the base protocol. Its UserOperations are sent through a separate mempool, collected by bundlers and passed to an EntryPoint contract that handles validation and execution.
As crypto.news previously reported in August, smart account technology can support gas sponsorship, passkeys, social recovery and other wallet controls that are unavailable to conventional externally owned accounts.
Frame Transactions would bring similar programmability into Ethereum’s protocol instead of requiring users to depend on a separate transaction system.
EIP-8141 would bundle related actions Frames could change transactions that currently require several separate approvals.
A token trade, for example, can require a user to first approve a decentralized application to spend a token and then submit another transaction to execute the trade. If the second step fails, the spending permission can remain active.
EIP-8141 allows related operations to be grouped so they succeed or fail together. An approval attached to an unsuccessful trade could therefore be reversed as part of the same transaction.
The system works by dividing a transaction into frames with separate jobs. One frame can verify authorization, another can determine how gas is paid, while subsequent frames execute the requested operations.
Programmable validation would give accounts more control over what Ethereum recognizes as a valid transaction. Instead of every externally owned account relying on the same fixed authentication process, accounts could run verification rules through Ethereum Virtual Machine code.
Ethereum researchers have been working toward this type of native account abstraction for years. EIP-7702, proposed by Buterin and other developers in 2024, previously sought to give externally owned accounts access to smart contract wallet functions while maintaining compatibility with ERC-4337.
Frame Transactions could allow Ethereum keys to change The validation changes extend beyond gas payments and transaction batching.
Conventional Ethereum externally owned accounts are controlled by private keys using the Elliptic Curve Digital Signature Algorithm. A private key cannot simply be replaced while keeping the same account under the traditional model. Losing the key can permanently remove access to the assets it controls, while a compromised key can give an attacker control of the account.
Frames would let an account define its own validation logic, opening the door to key rotation and different authentication systems without requiring the user to transfer assets to a new address.
Programmable validation could eventually allow Ethereum accounts to replace current signature methods with cryptography designed to withstand quantum computers.
Buterin placed quantum security higher on Ethereum’s technical roadmap in an August update, alongside work on native rollups, privacy and changes to the network’s storage architecture.
He had previously outlined a quantum resistance roadmap covering Ethereum’s consensus signatures, data availability systems, wallet cryptography and zero-knowledge proofs. That plan identified ECDSA, which controls ordinary Ethereum accounts, as one component that could eventually need replacement if sufficiently powerful quantum computers are developed.
EIP-8141 provides one route for accounts to adopt different signature schemes because verification rules would no longer be fixed to a single private-key model.
Hegotá will follow Ethereum’s Glamsterdam upgrade Hegotá is planned for 2027 and will follow Glamsterdam, Ethereum’s next network upgrade.
Developers were still narrowing Hegotá’s scope in August. At the time, Frame Transactions remained under consideration while EIP-7805, or Fork-choice enforced Inclusion Lists, was the only proposal formally scheduled for the upgrade.
The Aug. 27 decision has since moved EIP-8141 into the scheduled category alongside EIP-7805.
Before that decision, developers had been comparing EIP-8141 with EIP-8130 as competing approaches to native account abstraction. The discussions included how Ethereum could avoid incompatible account-abstraction standards between Layer 1 and Layer 2 networks while retaining flexibility for different transaction designs.
Glamsterdam, meanwhile, remains ahead of Hegotá in Ethereum’s upgrade schedule. Developers have been testing its planned changes through development networks, with the upgrade centered on Enshrined Proposer-Builder Separation and Block-Level Access Lists.
The upgrade includes changes to Ethereum’s gas accounting as well. The Ethereum Foundation warned wallet developers in August that EIP-8037 could affect software relying on the assumption that every basic ETH transfer costs 21,000 gas, because transfers creating new state would face an extra charge.
EIP-8141 cannot be used on Ethereum mainnet today. Its specification remains in draft status while developers continue implementation and testing work ahead of Hegotá’s planned 2027 deployment.
Isar Aerospace’s Spectrum rocket reached orbit on its second flight, making the German startup the first commercial company to deliver satellites from continental Europe. Its commercial chief says the launch industry is desperate for capacity.
The flight lands while SPCX stock trades publicly for the first time. Shares closed Friday at $147.95, down 1.20%, and the launch looks unlikely to move them far.
SpaceX (SPCX) Stock Performance. Source: Yahoo FinanceWhy Europe Calls the Spectrum Flight a FirstSpectrum lifted off from Andoya Spaceport in northern Norway on Saturday, September 5. It deployed six payloads into low Earth orbit, five cubesats, or shoebox-sized satellites, plus one experiment.
We made history. On just our second flight, we became the first commercial space company from Europe to deliver satellites into orbit. Mission 'Onward and Upward' successfully lifted off and deployed payloads into orbit. A new chapter for European spaceflight. More:… pic.twitter.com/AWvqG2l8Mn
— Isar Aerospace (@isaraerospace) September 5, 2026
That satisfied Isar’s obligation under the European Launcher Challenge, a European Space Agency (ESA) program requiring five selected firms to reach orbit by 2027. Isar got there first.
Its debut attempt in March 2025 ended 30 seconds after liftoff, when a vent valve opened and the rocket lost attitude control.
Spectrum carries up to 1,000 kilograms, putting it in the small-satellite market, not the bulk capacity Falcon 9 sells.
What the €10 Billion Claim Means for SPCX StockChief Commercial Officer Stella Guillen said demand has outrun supply and put Isar’s pipeline above €10 billion ($11.6 billion). The company has not said how much is signed.
“The demand is so big. There’s a lot of new … projects that have come out, and actually they’re financed,” CNBC reported, citing Guillen.
Isar raised €270 million ($313.6 million) in June from backers including Porsche and the NATO Innovation Fund. Its next problem is industrializing production.
One orbital success is not a launch service, however. SPCX carries a market value near $1.95 trillion and trades on Starlink growth, Falcon cadence and Starship flight test progress, none of which a small European rocket touches yet.
Timing blunts the impact further. Spectrum flew on Saturday, giving traders two days to absorb it before Monday’s open, and shares have swung hard since their June Nasdaq debut at $135.
BeInCrypto flagged $148 as the make-or-break level for SPCX last week. Friday’s close of $147.95 sat directly on it.
Any move at the open therefore reads as noise, not a repricing. The test is whether Spectrum’s next flights look routine, and the level that matters for SPCX is still $148.
ARK Invest founder Cathie Wood’s ARK Innovation ETF purchased 28,589 shares of Robinhood (HOOD) on September 4. At the day’s closing price of $122.11, the stake is valued at roughly $3.5 million. The move marks a re-addition to Robinhood after Wood recently trimmed her holdings in the stock; she had previously sold 25,009 shares on August 26. Robinhood’s share price has surged over 30% in the past month, while Bitcoin rose around 23% over the same period to near $80,000. On September 4, Deutsche Bank lifted Robinhood’s price target from $115 to $136 and retained its “Buy” rating, citing that fee revenue from Robinhood Chain has grown far beyond expectations. Data shows the daily revenue of the chain stood below $200,000 in mid-August, but jumped to $3.38 million on September 1 and $4.01 million on September 2. Deutsche Bank projects its annualized run rate will exceed $100 million. As of September 4, Robinhood ranks as the seventh-largest holding in the ARK Innovation ETF, making up 4.28% of the fund’s weight. Separately, Wood has recently added positions in Veracyte, Intellia Therapeutics, and the 3iQ Solana Staking ETF, while trimming stakes in Tempus AI and Twist Bioscience.
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Data: The privacy sector's market cap surges to $33.6 billion, with ZEC jumping 2496% in a year to emerge as this year's biggest winner.
Over the 12-month period ending September 6, the top-performing sector in the crypto market has been privacy assets. The total market cap of privacy tokens has surged to $33.6 billion from $7.1 billion a year ago, representing a roughly 3.7x increase, with nearly half of this market cap growth coming in the past 30 days. ZEC is the core asset driving this sector’s rally, jumping 2496% over the past year. It accounts for around 62% of the total privacy sector market cap, and its ranking has surged from #82 to #7. Over the same period, XMR’s price doubled, while DASH, XMR, and ZEN all outperformed Bitcoin (BTC) in the past 90 days. 91.5% of the top 200 crypto assets by market cap have gained in the past 30 days, but only 25 assets have posted gains over the past year. Notably, the privacy sector is the only segment whose overall market cap is now higher than its peak on October 6, 2025, up 213% from that level. Beyond ZEC, the broader privacy asset index has still risen 85% over the past year, indicating this rally isn’t driven by a single token alone.
2 minutes ago
DBS and Citibank complete the first cross-border US dollar payment processed on weekends: Tokenized deposits settle in just minutes.
Singapore’s DBS Bank and Citibank’s New York branch completed the first weekend U.S. dollar payment between Singapore and the U.S. on September 5 via Swift Digital Ledger, settled using tokenized deposits. DBS noted the transaction took just minutes, while traditional cross-border U.S. dollar payments typically take up to two business days. The trial aims to overcome limitations of traditional banking hours, weekends, and time zones to enable 24/7 cross-border fund transfers, with relevant use cases including cross-border e-commerce and digital services. Citigroup joined Swift’s tokenized deposit-based 24/7 cross-border payment pilot in July this year and plans to participate in building the U.S. tokenized deposit network. DBS launched its blockchain-based banking system in 2024, which includes DBS Treasury Tokens for liquidity management.
2 minutes ago
Cryptocurrency Private Keys Emerge as Gangs’ New Prized Assets: Irish Criminal Syndicates Rent Private Vaults to Hoard Crypto Holdings
Michael Gubbins, head of Ireland’s Criminal Assets Bureau (CAB), stated that local organized crime gangs have begun renting private vaults to store crypto wallet private keys and mnemonic phrases, alongside assets such as cash, luxury watches, high-end goods, and passports. This practice was uncovered in CAB investigations and has been reported to Ireland’s Anti-Money Laundering Committee. Gubbins noted that criminal groups view crypto assets as anonymous, reducing the risk of their assets being seized, but he pointed out that crypto’s use in Irish criminal activities remains “fairly basic”, with cash still the primary funding source for illegal activities like drug trafficking. Ireland is currently preparing to implement new EU anti-money laundering rules, which will ban cash transactions exceeding €10,000 and strengthen oversight of sectors including crypto asset service providers and luxury goods retailers.
2 minutes ago
Zhihu invests a whopping 1.5 billion yuan to establish an AI subsidiary, marking a shift in its AI strategy from product trial runs to an independent business entity.
Dongcha Beating AI News Flash: Zhihu recently established Beijing Zhizhe Exploration Technology Co., Ltd., with a registered capital of 1.5 billion yuan, and Zhou Yuan, founder of Zhihu, serving as its legal representative. The new firm is wholly owned by Beijing Zhizhe Tianxia Technology Co., Ltd., Zhihu’s core domestic operating entity, and its business scope covers big data services, internet data services, AI basic software and application development, etc. Notably, the 1.5 billion yuan refers to the shareholders’ subscribed registered capital, not equivalent to Zhihu’s actual cash injection of 1.5 billion yuan. To date, Zhizhe Exploration’s paid-in capital, capital contribution method, and specific business plans remain undisclosed. The establishment of the new company comes as Zhihu accelerates its AI commercialization drive. Zhihu has expanded its AI business to areas including AI search, brand content assets, expert data solutions, and developer tools, but management previously noted that the AI business is still in the commercial verification stage and has not yet generated stable, large-scale revenue.
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MicroStrategy raised $20.9 billion in financing this year, ranking fourth among U.S. stock market issuers, and holds 845,000 Bitcoin.
According to Strategy’s latest 8-K filing, the company has raised approximately $20.9 billion this year via common and preferred stock issuances, ranking fourth in U.S. stock issuance volume, behind only SpaceX, Alphabet, and Intel. Strategy recently booked a net gain of $602.8 million from selling its MSTR common stock, with $369.7 million of that used to acquire 4,603 BTC at an average price of roughly $80,318 per coin. As of August 30, the firm’s total BTC holdings stood at 845,050 coins, with a cumulative purchase cost of about $63.73 billion and an average cost of roughly $75,412 per BTC. Additionally, MSCI’s consultation on digital asset financial reserve companies will wrap up on September 30, and the market is closely monitoring whether it will adjust relevant index inclusion criteria going forward.
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A study finds that weekend TradFi perpetual contract trading volume surged to $53 billion in August, a nearly 12-fold increase so far this year.
According to Binance Research’s latest monthly market report, the total cryptocurrency market capitalization rose 17.6% in August to $2.70 trillion, driven primarily by ETF inflows and interest rate trading. However, as the market reprices Federal Reserve policies, whether the subsequent rally can continue will depend on whether spot and ETF demand can withstand liquidity tightening pressures. The report notes that Bitcoin (BTC) rose 24.8% over the past seven days, an extreme move ranking among the top 1% of single-week gains since 2020. Historically, after the prior seven instances of similar gains, BTC rose one month later in all cases, with six of those still rising two months later, posting an average two-month gain of 18.3%. Binance Research emphasizes, however, that the sample size is limited and the short squeeze effect in this rally has been largely exhausted. On the funding front, the allocation share of crypto assets among stock asset holders rose from 64% to 72%, stablecoin allocations fell by 22%, and the proportion of traditional finance (TradFi) perpetual contract trading volume dropped from 40% to 20%. Additionally, weekend trading volume for TradFi perpetual contracts in August hit $53 billion, nearly 12 times higher than the start of the year, signaling the formation of an independent market for 24/7 cross-asset trading demand. The report also points out that as expectations for Anthropic’s listing heat up, its related pre-IPO market saw a sharp rise in August.
A cryptocurrency wallet believed to belong to BitMEX founder Arthur Hayes continues to increase its holdings of UNI. According to data from on-chain analyst ai_9684xtpa, the wallet withdrew another 39,000 UNI from the FalconX cryptocurrency platform in the last hour.
The latest transfer is reported to be worth approximately $282,000, bringing the total amount of UNI in the wallet to 284,101 tokens. Based on current prices, the total value of these assets is estimated to be approximately $2.007 million.
The data shows that the average cost of UNI purchases in the wallet is around $7.06. This makes UNI the third largest asset held by that address on its chain.
Hayes’s increase in his UNI position is noteworthy in terms of tracking institutional and large investor interest in the native token of the Uniswap ecosystem. In particular, the public nature of on-chain transactions allows investors to monitor position changes in large wallets in real time.
The recent UNI transfer from FalconX reveals that the wallet associated with Hayes is continuing its token accumulation. However, wallet activity alone does not definitively indicate that Hayes has adopted a long-term investment strategy regarding UNI.
Holding UNI at an average cost of $7.06 means that changes in the token price directly affect the value of that position. With the wallet’s total UNI balance reaching 284,101 tokens, investors are expected to closely monitor activity and new transfers to the address.
On-chain data are among the important indicators for market participants, especially those who want to monitor the buying and selling behavior of wallets holding large amounts of tokens.
*This is not investment advice.
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European natural gas markets climbed more than 4%, breaching €74/MWh for the first time in three years Tehran intends to establish a maritime restricted zone near the Strait of Hormuz after American military strikes targeted Iranian tankers Approximately 20% of worldwide LNG shipments pass through the Strait of Hormuz, predominantly originating from Qatar Gas reserves across Europe stand at merely 62%, trailing the five-year seasonal norm by 17 percentage points Market expectations point to a 25 basis point interest rate increase from the ECB amid 3.3% inflation driven by energy costs Natural gas prices across Europe experienced a sharp rally Monday, touching heights unseen since the final weeks of 2023. The primary Dutch futures contract advanced to approximately €73.80 per megawatt-hour, approaching the previous week’s summit of €74.32.
Dutch TTF Natural Gas Calendar (TTF=F) Across the Channel, British wholesale gas markets registered a 2% increase, hovering around 182.50 pence per therm, approaching the 2023 zenith of 183.95 pence.
The upward momentum follows intensifying military confrontations between Washington and Tehran in Persian Gulf waters.
Middle East Standoff Puts LNG Transit at Risk Iranian authorities revealed intentions to establish a restricted naval zone adjacent to the Strait of Hormuz within days. The announcement follows weekend operations by American military forces that struck and incapacitated three Iranian petroleum tankers.
BREAKING: Iran launches anti-ship ballistic missiles from Chabahar, southeastern Iran, toward vessels under US Navy escort in the US-backed southern Omani corridor of the Strait of Hormuz, per initial reports.
For the first time, the US Navy is escorting vessels during daylight,…
— The Hormuz Letter (@HormuzLetter) September 7, 2026
The Pentagon justified the military action as a response to Iranian ballistic missile launches targeting two US Naval vessels operating in regional waters.
The strategic waterway facilitates approximately one-fifth of international liquefied natural gas shipments, with Qatar serving as the primary source. Any interruption to maritime passage through this chokepoint would sever a critical supply artery feeding European markets.
European energy companies now find themselves in direct competition with Asian purchasers for Atlantic basin LNG cargoes to compensate for potential supply disruptions.
Market participants remain vigilant as the tit-for-tat military actions demonstrate no indication of de-escalation.
Depleted Storage Levels Compound Winter Concerns The geopolitical crisis arrives at an inopportune moment for European energy infrastructure. Underground storage inventories currently sit at approximately 62% capacity, significantly below the five-year historical average by roughly 17 percentage points.
Unusually warm temperatures throughout Southern European regions during summer months elevated gas consumption for power generation. Scheduled maintenance on Norwegian pipeline infrastructure and postponed Qatari LNG shipments further constrained storage replenishment efforts throughout August.
Should LNG imports face disruption during autumn months, energy analysts caution that Europe may confront severe price volatility and potential supply allocation measures during peak winter demand.
Meanwhile, Brent crude oil continues trading above $90 per barrel, compounding overall energy cost pressures.
Central Bank Policy Meeting Draws Attention Escalating energy expenses are amplifying inflationary pressures throughout the eurozone economy. Consumer price inflation registered 3.3% in August, with energy components surging 14.3% on an annual basis.
The European Central Bank convenes Thursday for its policy meeting. Financial markets have almost completely priced in a 25 basis point interest rate increase under President Christine Lagarde’s leadership.
Elevated energy input expenses are constraining both European industrial operations and household budgets, complicating the central bank’s monetary policy calculus.
The convergence of depleted inventories, supply chain vulnerabilities, and accelerating inflation has created substantial anxiety in European energy markets as the heating season approaches.
Bittensor Commons has confirmed the full details of Exploit Summit 2026, the Bittensor ecosystem’s native conference, taking place at New City Gas in Montreal on September 28 and 29.
The two-day programme covers talks, debates, workshops, and live subnet demonstrations, organised around what the network is built on: game-theoretic competitive design, in which independent miners compete against validator scoring mechanisms and are rewarded by results.
Speakers confirmed to date include include Jacob Steeves (Affine), Marcus Graichen (Taostats), Rob Myers (Manifold Labs, Subnet 4 Targon), Jon Durbin (Chutes, Subnet 64), Micaela Bazo (Metanova Labs, NOVA, Subnet 68), Will Squires and Steffen Cruz (Macrocosmos), Max Sebti (Score), Ken Jon Miyachi (BitMind), Ben James (404Gen), Bob Wold (Quantum Rings), Yoav Cohen (Tao.com), Miguel Enrile (Swarm), Wouter Haringhuizen (Zeus), Mamad Anghari (Minos), John Yu (Bitsec), Jose Caldera (Yanez), Gavin Zaentz (Leadpoet), Tom Lynch (Actual Computer) and Jean-Thomas Ledore (PwC France).
Further speakers will be announced. The full speaker roster is available on the event website.
Platinum sponsors are Affine, Chutes, the Opentensor Foundation, Proof of Talk, Taostats, and Manifold. Gold tier: Lium, Score, and KubeTEE. Titanium: Dendrite.
Silver-tier sponsors are 404gen, Bitcast, BitMind, Gradients, Openroboto, Leadpoet, Mentat Minds, and Yanez AI. Additional support comes from Bitstarter, McGill AI Lab, Subnets for Good, BTLabs, and Vidaio.
Organisers cite Montreal’s role in the development of deep learning, the concentration of Canadian contributors in the Bittensor community, and the city’s accessibility from Europe and across North America as the reasons for the location. The venue, New City Gas, is a restored 19th-century industrial complex in Griffintown.
“Exploit is not a showcase. It is the ecosystem in one room, arguing. Subnets demo, people push back, and the network gets better for it. That is how Bittensor works, so that is how the conference works.” – Etienne Leroy, Director, Opentensor Foundation
Sponsorship opportunities remain available, and speaker proposals are open, both via [email protected]. Tickets are on sale via the event’s registration page and are non-refundable but transferable, with name changes handled by the organisers.
ABOUT EXPLOIT SUMMITExploit Summit is Bittensor’s native conference, held at New City Gas in Montreal on September 28-29, 2026. Across two days of talks, debates, workshops, and live demonstrations, the event gathers builders, researchers, and operators working at the intersection of machine learning, incentive design, and distributed networks. More at exploitsummit.com
About Bittensor
Bittensor is a decentralised incentive network designed to coordinate global contributors to build machine intelligence collaboratively rather than behind closed doors. More than 100 subnet teams currently operate on the network. https://bittensor.com
About Bittensor Commons
Bittensor Commons is a non-profit initiative dedicated to the visibility, understanding, and adoption of Bittensor, run by and for the community. It produces Exploit Summit.
Media Contact
Etienne Leroy
Director, Opentensor Foundation
[email protected]
South Korea’s KOSPI index would need to climb roughly 74% to reach the level Goldman Sachs strategist Timothy Moe still expects. He is holding a 12,000 target set before the index lost a quarter of its value.
Moe, the bank’s chief Asia Pacific equity strategist, published the call three months ago and has not revised it. What has changed is the price, not his forecast.
Why the KOSPI Rally Turned ViolentThe index still trades near 6,899, up roughly 60% in 2026, even after slipping about 24% from its June record close.
KOSPI Performance in 2026. Source: Google FinanceIts two heavyweights have done most of the lifting. SK Hynix has gained about 157% year to date, while Samsung Electronics has more than doubled, up 106%.
The path there has been anything but smooth. July delivered the sharpest reversal, when a leveraged ETF unwind hit Korean retail investors hard.
Leveraged funds tracking the two chipmakers then posted their first monthly outflow in August, shedding close to $1 billion. Swings got wide enough that Bitcoin (BTC) spent stretches of 2026 calmer than the KOSPI.
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Goldman KOSPI Target: Why 12,000 Is Still on the TableStill, Moe’s case rests on earnings. He expects KOSPI members to deliver earnings growth near 360% this year, cooling to roughly 35% in 2027.
“We’re still holding to it — it’s driven by what we think will be earnings delivery..The market is underpricing the duration of this earning cycle,” he said.
Valuation does much of the remaining work. His 12,000 target assumes 7.5 times forward earnings. The index currently fetches 5.3 times, about half its seven-year average.
Demand supplies the rest. Moe estimates US Big Tech spending will top $1.2 trillion next year, far above earlier projections near $800 billion.
Risks cut the other way, too. He flags Chinese rival ChangXin Memory Technologies, known as CXMT, as well as potential political resistance to new data centers in the United States.
Delivery remains the sticking point. Samsung and SK Hynix have posted strong quarters this year with little market reward, so the next results will test whether earnings alone can close a 74% gap.
Moe is not the only strategist leaning into the dip. Morgan Stanley lifted Korea to overweight in early August, with a target of 9,000.
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Key Highlights SK Hynix surged over 7% in Seoul markets on September 7 following OpenAI’s unveiling of its GPT-6 Astra model Samsung Electronics climbed approximately 4% to 5% as optimism around AI demand spread across the sector Both Samsung and SK Hynix now hold memory inventories representing less than 10 days of supply, KB Securities reports DB Securities upgraded SK Hynix’s price target to ₩2.3 million, citing expanding HBM4 shipments Wall Street analysts maintain a Strong Buy rating on SK Hynix with price targets suggesting over 50% potential gains Shares of SK Hynix climbed more than 7% during Monday’s Seoul trading session on September 7, extending Friday’s 8.1% surge in its US ADR. The rally was triggered by OpenAI’s introduction of GPT-6 Astra, marking the company’s most advanced AI model yet.
SK hynix Inc., SKHY
Fellow memory chip giant Samsung Electronics posted gains of 4% to 5% during early Seoul trading, reflecting widespread enthusiasm across the semiconductor industry following the AI breakthrough.
Greg Brockman, OpenAI’s President, characterized Astra as possibly representing an early stage of artificial general intelligence (AGI). The advanced model demonstrates capabilities including web navigation, software coding, computer operation, and autonomous execution of sophisticated professional tasks.
OPENAI RELEASES GPT-6 ASTRA, SAYS IT COULD MARK THE ARRIVAL OF AGI
OpenAI has started rolling out GPT-6 Astra, its new flagship model, calling it a “generational leap” in AI capability.
President Greg Brockman went further, saying people may eventually look back at “about this… pic.twitter.com/XgsbZ6cIT8
— Wall St Engine (@wallstengine) September 3, 2026
This technological advancement carries significant implications for hardware manufacturers. As organizations deploy AI agents for increasingly complex, multi-stage operations, data centers will require expanded infrastructure including GPUs, high-bandwidth memory modules, server DRAM, and storage systems to power these enhanced workloads.
Lower AI Costs Don’t Necessarily Reduce Infrastructure Requirements Recent months have seen concerns among chip investors that declining token costs and improved model efficiency might reduce AI infrastructure demand. Astra’s launch challenges this narrative.
Meritz Securities analyst Hwang Soo-wook contends that reduced AI costs will actually prompt users to delegate more extensive and intricate tasks to AI agents, ultimately expanding rather than contracting overall compute requirements. He highlighted rising GPU rental rates following Astra’s announcement as proof that computing demand remains robust.
Kiwoom Securities analyst Han Ji-young informed Seoul Economic Daily that Astra has refocused attention on AI demand dynamics and indicated that downward pressure on semiconductor stocks may be approaching its end.
Memory Supply Reaches Critical Levels The stock surge reflects more than mere market sentiment. On Monday, KB Securities disclosed that memory inventories at both Samsung and SK Hynix have fallen beneath the 10-day supply threshold.
KB Securities research chief Kim Dong-won forecasts that next year could witness historically unprecedented supply constraints. The firm anticipates global hyperscaler AI infrastructure expenditure will reach approximately $1.3 trillion by 2027, representing a 60% year-over-year increase, with memory’s portion of total spending expanding to 57% from merely 14% in 2025.
Supply constraints may intensify as producers redirect manufacturing capacity toward HBM4 production. HBM4 manufacturing consumes approximately three times the wafer capacity compared to traditional DRAM, effectively reducing availability for standard memory products.
DB Securities analyst Seungyeon Seo elevated the SK Hynix price target from ₩2 million to ₩2.3 million, pointing to accelerating HBM4 shipments and strengthening pricing dynamics. Seo acknowledged that SK Hynix’s third-quarter earnings might fall marginally short of market expectations due to adverse currency movements, but emphasized that overall semiconductor sector momentum continues unabated.
SK Hynix’s Korean-listed shares hold a Strong Buy consensus among analysts, with the average price target of ₩2,708,750 suggesting potential upside exceeding 50% from present trading levels.
DB Securities projects the DRAM market expansion will persist through 2027, underpinned by constrained supply and robust server demand fueled by intensifying competition among technology giants investing in AI infrastructure.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Federal authorities have charged a Phoenix resident with helping divert millions in public funds from an Ohio charter school into personal luxuries including luxury vehicles and a high-end Miami rental.
Jonathan Larry Ballew, 62, of Phoenix allegedly teamed up with the school’s former operator to submit phony invoices from shell companies for services that were never delivered, triggering more than $8 million in improper payments, says the U.S. Attorney’s Office for the Southern District of Ohio.
Prosecutors say the pair divided over $4 million in kickbacks from the billing that ran from 2021 through 2024.
Leondo Ramone Davenport, 50, of Cincinnati, former superintendent and later operator of Dohn Community High School, is charged with him. Both face an eight-count indictment that includes wire fraud and illegal monetary transactions.
Each wire fraud count carries a maximum of 20 years. The monetary transaction counts carry up to 10 years.
Officials called the scheme a theft from taxpayers and students at the Cincinnati school, which focused on teens recovering from addiction and later closed amid financial trouble.
Court records say the activity ran through companies Ballew controlled.
Leading cryptocurrency analyst Ali Martinez projected that XRP (CRYPTO: XRP) could have a technical target near $60 if it confirms a breakout from a nearly decade-long ascending triangle.
Will XRP Cross This Barrier?Martinez posted on X an ascending triangle pattern on XRP’s monthly chart, highlighting $3.66 as a “key barrier.”
“A monthly close above it would confirm the breakout and activate a technical target near $60,” the analyst stated.
An ascending triangle is generally viewed as a bullish chart pattern that can precede an upside breakout. Price usually breaks above the horizontal resistance line, suggesting the prior uptrend is likely to resume.
For context, XRP has never come close to $60; its all-time high remains $3.84. If this forecast proves accurate, it would imply a staggering 4,185.71% surge from current levels.
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Decoding XRP’s Technicals and DerivativesThe Awesome Oscillator, which compares recent price movements to longer-term averages, has issued a "Buy" signal for XRP, according to TradingView.
Trending
The Bull Bear Power indicator, which measures the strength of buyers and sellers, remained “Neutral,” and so did the Relative Strength Index, which hovered just above 50.
The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price, meanwhile, flashed a “Sell” rating.
Moreover, open interest in XRP futures has risen by nearly 2% in a week, according to Coinglass, indicating high speculative interest.
Price Action: At the time of writing, XRP was trading at $1.40, down 0.94% in the last 24 hours, according to data from Benzinga Pro.
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Prominent trader Bonk Guy announced in a post that he is seeking early-stage low-market-cap tokens with a market cap under $1 million, hoping these projects are currently so niche that "buying them right now would seem almost crazy" yet hold the potential to grow to a multi-billion-dollar market cap. He called on the crypto community to stop recommending tokens with a $50 million market cap, urging focus on truly early-stage "micro-cap projects" instead. The trader added he will continue soliciting recommendations until he finds a token he decides to load up on heavily.
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DBS Bank and Citigroup completed the first cross-border US dollar payment over the weekend using tokenized deposits.
According to official announcements, DBS Bank and Citigroup completed the first cross-border U.S. dollar payment between Singapore and the U.S. on the weekend of September 5 using tokenized deposits on Swift Digital Ledger. DBS noted that the transaction was finalized in just minutes, a massive speedup over the maximum two business days typically required for traditional cross-border payments, eliminating restrictions on businesses imposed by bank operating hours, time zones and weekends to enable all-weather cross-border fund transfers. The deal also marks that DBS and Citi are advancing the application of tokenized currency from the experimental phase to actual payment scenarios. DBS added that its tokenized currency and payment business will continue to expand, with the goal of further improving the efficiency of cross-border payments, liquidity management and foreign exchange risk management.
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Data: 95% of traders on the FOMO platform suffered losses or earned less than $100, with just 0.06% of users netting over $10,000 in profits.
Since the launch of Robinhood Chain, meme coin trading on the FOMO platform has exhibited a clear "winner-takes-all" dynamic. Of the 375,740 users, approximately 95.2% either incurred losses or generated profits under $100. Data indicates only 229 users have netted over $10,000 in gains, representing roughly 0.06% of the total; an additional 653 users have earned more than $5,000, accounting for about 0.17%.
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Samsung will adopt the same photonic semiconductor test platform as TSMC, and complete the in-house R&D evaluation of photonic integrated circuits (PIC) within the year.
According to South Korean semiconductor media outlet The Elec, Samsung Electronics is using probe stations from U.S.-based FormFactor and Taiwan’s MPI to test silicon photonic integrated circuit (PIC) wafers, with plans to complete its independent evaluation of PICs within this year. Citing industry insiders, the report notes that both FormFactor and MPI have passed TSMC’s validations for Co-packaged Optics (CPO) and silicon photonics testing equipment. Samsung is leveraging the same testing infrastructure as TSMC to conduct optoelectronic characteristic tests on PIC wafers—including wavelength-domain and frequency-domain assessments—to verify whether optical components achieve the designed optical signal transmission and electro-optic conversion. Previously, Samsung outsourced PIC wafer verification to external institutions like Belgium’s imec; it is now building an in-house testing environment for repeat evaluations. The company also plans to proceed with customer evaluations and has indicated relevant projects will enter mass production starting in the second half of this year. The report adds that Samsung aims to launch silicon photonics foundry services in 2027, offering optical component process technologies, device libraries, and Process Design Kits (PDK). It is also advancing development of optical engines combining Electronic Integrated Circuit (EIC) and PIC, and will expand CPO applications from network switches to products like GPUs and CPUs in the future.
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OKX Wallet Boost Launches New Round of X Liquidity Incentive Program
According to official announcements, OKX Wallet Boost’s new X Liquidity campaign is now live. Users can join via OKX Wallet’s Boost portal to provide liquidity for eligible trading pairs, earn LP returns, and participate in the distribution of USDT incentives totaling around $240,000. The campaign runs until September 24 at 15:00 (UTC+8). X Liquidity serves as the entry point for X Layer’s liquidity incentive and staking initiatives, aimed at enhancing on-chain liquidity and trading experiences for RWA, stablecoins, and major crypto assets. This round of the campaign is part of X Layer’s $5 million liquidity incentive program.
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Data indicates Bitcoin faces a sell wall of $83,000, with all categories of Bitcoin holders turning net sellers across the board for the first time since early June.
According to Glassnode data, BTC has faced significant selling pressure near the $83,000 level recently, with all address groups across all holding sizes turning net sellers across the board — a first since early June, signaling rising overall market selling pressure. Following BTC’s recent rally, whales and other holding groups have stepped up distributions, leading to persistent resistance near the $83,000 mark. Still, BTC’s potential "golden cross" offers some support for bulls, and short-term market direction will hinge on whether buyers can absorb current distribution pressure and break through this key resistance.
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Codex remote control now enables direct remote management of Linux servers.
Beating AI News: OpenAI’s Codex now supports direct mobile control of agents running on Linux servers. Users can run `codex remote-control start` on the server, then execute `codex remote-control pair` to generate a temporary pairing code. By opening ChatGPT’s Remote page on their phone and entering the code, they can connect to the machine. Codex remains operational locally on the server, while the mobile device is used for task monitoring, sending new commands, and handling approvals. This functionality is particularly valuable for GPU clusters and headless Linux servers. Researcher Tanishq Mathew Abraham has used it to manage automated research experiments and training tasks on a Slurm GPU cluster via mobile. Some community users have also successfully deployed the feature on environments including Ubuntu and Arch Linux. However, OpenAI currently labels this feature as Experimental, and official documentation has not fully updated to match: the Developer Commands section outlines the CLI pairing method, but the main Remote Connections document still specifies that mobile pairing must be initiated from the Mac or Windows desktop app. GitHub also hosts reports of pairing failures between Linux and Android, as well as cases where devices fail to appear.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PANews, September 7 - According to SoSoValue data, the crypto market sectors showed mixed performance, with the AI sector standing out, rising 2.10% in 24 hours. Among them, Bittensor (TAO) rose 10.03%, and Pieverse (PIEVERSE) rose 5.18%. Meanwhile, Bitcoin (BTC) slightly fell 0.11%, falling back below $80,000; Ethereum (ETH) fell 0.11%, holding around $2,500.
In other sectors, the GameFi sector fell over 4% in 24 hours. The DeFi sector rose 1.21% in 24 hours, with Raydium (RAY) up 34.80% within the sector; the Layer2 sector rose 0.82%, with Celestia (TIA) up 11.07%; the PayFi sector rose 0.53%, with Zcash (ZEC) up 10.94%; the Layer1 sector rose 0.27%, with Injective (INJ) up 7.30%.
Additionally, the CeFi sector fell 1.87%, with Binance Coin (BNB) down 2.36%; the Meme sector fell 2.26%, with Pons (PONS) down 15.43%. MarsCoin (MARSCOIN) fell 33.83%.
The crypto sector indices reflecting historical sector performance showed that the ssiAI, ssiDeFi, and ssiLayer2 indices rose 4.27%, 1.17%, and 1.01%, respectively.
Axis Robotics has released Axis Sim Dataset V1, one of the largest open-source simulation datasets for Franka arm manipulation, with the full dataset, training code, and benchmarks publicly available. V1 is built from more than 50,000 human-teleoperated simulation trajectories across 207 manipulation tasks and 60,000+ scene variants on a simulated Franka Research 3 arm.
This dataset drew over 160,000 downloads, making it the most downloaded open-source simulation Franka manipulation dataset on Hugging Face. In benchmarks, continual pretraining on V1 lifted π0.5 and beat a volume-matched RoboCasa baseline, with every result open and verifiable.
Axis Robotics is building the ultimate compounding data engine for Physical AI, a vertically integrated system spanning large-scale simulation, egocentric real-world capture, humanoid loco-manipulation, and human-gated DAgger post-training. The company raised $12 million in seed funding led by Hack VC, with participation from Nomad Capital, Pi Network Ventures, 10K Ventures, and angel investors.
A Bet Against “Clean Data Only”A common assumption in robotics is that demonstrations must be near-optimal to begin with — filter down to expert trajectories, standardize the setup, and discard anything noisy before it is safe to imitate. Axis’s thesis runs the other way: data quality lives at the distribution level, not the single trajectory. When a large and diverse enough crowd produces noisy, suboptimal trajectories and their errors are uncorrelated, the noise averages out and a working policy survives during training.
Axis Sim Dataset V1 puts that thesis to a public test. Its trajectories span pick-and-place, stacking, pouring, articulated-object manipulation, and tool use, all collected through Axis’s browser-based teleoperation platform, Axis Hub, by a distributed crowd rather than a single expert team. The dataset was built with researchers from UC Berkeley, Johns Hopkins, the University of Michigan, and other institutions.
Results That ScaleOn LIBERO-Plus, continual pretraining on V1 lifts π0.5 from 83.9% to 88.8% success and outperforms a volume-matched RoboCasa365 baseline by 37.3%. Performance improves consistently as pretraining data scales from 25% to 100% of the dataset, with no saturation in sight, evidence that the gains come from diversity and coverage rather than a one-off bump. The largest improvements appear under camera, sensor-noise, and layout perturbations, the exact axes Axis randomizes during generation.
The team says V2 is already underway, scaling to 1.2 million trajectories across 1,200 tasks, with cross-embodiment generalization and results across multiple VLA models showing that suboptimal simulation data trains robust policies.
The Engine Behind the DatasetThe dataset is one output of a larger, actively compounding data engine. Where a traditional data vendor collects to a fixed spec and stops, Axis uses model performance and failure cases to determine what should be collected next, so every training round informs the next. That engine runs on a hybrid strategy across four data lines, and all four now run at scale:
Simulation: over 200,000 distributed contributors on Axis Hub, a top-3 dApp on Base, producing 4.7M+ trajectories across 13 embodiments. Egocentric: a managed network of 1,000+ full-time, QC-trained collectors capturing first-person activity in real homes and businesses across 14 industries: 200,000+ hours already banked and growing by 4,000+ hours every day, with Vicon-verified hand pose. Loco-manipulation: 500+ hours combining mobility and dexterity on real humanoids (Unitree G1, Booster T2) through hardware-agnostic teleoperation. Human-gated DAgger post-training: 500+ hours of human-in-the-loop correction targeted at deployment edge cases. Every task and trajectory is recorded on-chain on Base for provenance, and contributors are rewarded for verified work quality.
From Open Data to Commercial DeploymentBeyond open-sourcing simulation data, Axis works directly with robot embodiment companies to build customized, embodiment-specific data pipelines and model priors.
As Booster Robotics’ first sim-data partner, Axis rebuilt Booster’s real workspace as a task-aligned digital twin, had distributed contributors collect 42,000+ simulation episodes on it, and distilled them into a Booster-specific model prior. With just 30 real-robot demos, that prior reached 87.5% success versus 37.5% for an out-of-the-box π0.5, matching π0.5 using half the real-world demonstrations.
Other partners span embodiment companies (Feagine Robotics), model companies (Manycore Tech, Dexmal) and industrial automation (Lotus Cars, Geely Auto). Axis also supplies on-chain robotics networks: BitRobot on Solana and OpenRoboto on Bittensor.
Redefining Physical AI’s Data Foundation“The future of Physical AI isn’t a static dataset you download once,” said Chris Feng, founder of Axis Robotics. “It’s an engine that keeps producing the data the model needs next. Scale gets you broad coverage. Diversity keeps the noise unbiased. The closed loop turns every failure into progress. That’s what compounds.”
Axis was founded by researchers from UC Berkeley, CMU, Georgia Tech, and SJTU, alongside serial founders who have scaled consumer platforms to over 30 million users. Its research is advised by Jiachen Li, Assistant Professor at Georgia Tech.
Leading artificial intelligence (AI) tokens surged on September 7, showing strong gains following new industry developments. Bittensor (TAO) soared to $270, reaching its highest value since mid-June and marking an increase of 50% from its July low.
Major AI tokens post sharp gainsNear Protocol (NEAR) climbed to $2.49, a level not seen since June 16, while Venice Token (VVV) rallied to $18.67, reflecting over 90% growth from its lowest July valuation. Other top AI coins, including Akash Network (AKT) and Artificial Superintelligence Alliance (FET), also recorded notable increases.
These gains come as interest in AI-based cryptocurrencies accelerates, with traders focusing on the sector’s rapid expansion and the latest product launches.
Anthropic IPO sparks optimismThe rally in TAO, NEAR, and VVV is largely attributed to news about the upcoming initial public offering (IPO) of Anthropic, an artificial intelligence safety and research company. Anthropic is reportedly preparing to appoint Goldman Sachs and Morgan Stanley as the lead underwriters for its IPO. Additional participating banks include Barclays and JPMorgan.
According to the report, Anthropic may publish its S-1 prospectus as early as this week, followed by a marketing roadshow targeting institutional investors. The IPO itself could take place later in September or in October.
Details of Anthropic’s IPO, including the possible publication of the S-1 filing this week, have contributed to the sharp rally in AI-related tokens as investors anticipate renewed interest in the sector.
Industry observers noted similar trading momentum in AI tokens before other major IPO events such as the SpaceX offering.
TokenCurrent PriceJuly LowChange (%)Bittensor (TAO)$270$180+50%Near Protocol (NEAR)$2.49$1.42+75%Venice Token (VVV)$18.67$9.82+90%Mini dictionary: Anthropic is a US-based AI company focusing on safety research and development of advanced language models, competing with firms like OpenAI in large-scale artificial intelligence.
OpenAI Astra launches amid IPO speculationThe positive sentiment for AI tokens was further lifted by OpenAI’s launch of Astra, its most recent AI model designed to compete with Anthropic’s latest releases. Astra’s GPT-6 model features a 1 million token context window and an artificial intelligence index rating of 55, just slightly below Anthropic’s 57.
The cost per token for Astra stands at $2.57, which is significantly lower than the $6.12 price of Fable 5.1, another AI product on the market. OpenAI aims for Astra’s launch to narrow the competitive gap with Anthropic, particularly after losing market traction in recent months.
OpenAI is reportedly considering an IPO later in the year or early next year, after deciding to postpone its previous timeline due to stalled revenue growth and ongoing strategic initiatives.
Mini dictionary: S-1 prospectus is an official SEC filing required by companies planning to go public in the United States, providing comprehensive details about the company’s business and financials.
AI stocks rebound and investor sentiment improvesMajor AI cryptocurrencies such as Venice AI, Near Protocol, and Bittensor are climbing as capital flows back into AI-related equities. Shares of prominent AI hardware and semiconductor manufacturers like Nvidia, Micron, and SanDisk have rallied in recent weeks. Similarly, international tech giants SK Hynix and Samsung Electronics have also registered strong gains.
Increased optimism for the AI sector is reflected in robust web traffic for Venice AI, which recorded over 17 million visits in August compared to 15 million the previous month. The surge in engagement prompted the burning of VVV tokens valued at more than $700,000.
Stronger risk appetite in the crypto market has also supported the ongoing rally in AI tokens, with the Crypto Fear and Greed Index now signaling a shift toward greed.
Analysts indicate that these developments suggest continued momentum for the AI token sector if broader market conditions remain favorable.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Analysis: Bitcoin spot demand continues to turn negative, with retail investor selling likely the main cause.
CryptoQuant community author CW8900 published an analysis noting that Bitcoin (BTC) spot demand has turned increasingly negative, while futures demand has also seen a slight decline. The current market rally is primarily driven by futures demand, while spot demand remains in negative territory — a concerning sign, as a sustained uptrend cannot be maintained without spot demand. Despite BTC’s price rebound, the volume of spot BTC outflows has risen further; if this trend persists, the current upward momentum could be derailed. Therefore, it is critical to determine the specific reasons behind the negative spot demand. From a position structure perspective, holdings by large holders continue to increase, while retail investor holdings keep declining. CW8900 believes that retail investors have continued selling even during BTC’s price rally, likely having adjusted to the previous downturn and opting to take profits or reduce positions during rebounds. Currently, BTC’s negative spot demand is mainly driven by sustained retail selling, while a notable point is that large investors remain net buyers.
5 minutes ago
The largest short seller on the PONS blockchain, Loracle, is under siege, as the whale-hunting team claims it has secured an eight-figure funding commitment.
On-chain analyst MLM publicly announced that he is assembling a team to target Loracle, the largest PONS short seller on Hyperliquid, and invited users with large capital who wish to participate to contact him via private message. He later noted that those with seven-figure capital can reach out via private communication, and has so far secured eight-figure capital commitments. According to TradingBeats monitoring, the address starting with 0xefe4, labeled as a "Loracle sub-address", currently holds approximately 25.1892 million PONS short positions, with a position value of around $21.0961 million, using 3x leverage, accounting for roughly 19.1% of Hyperliquid’s total PONS open interest. The average entry price of this address is approximately $0.6562, with PONS currently trading at $0.8374, resulting in an unrealized loss of about $4.5655 million. The liquidation price for PONS on this address is roughly $1.8288; without additional margin, PONS would need to rise by around 118.4% from its current level to trigger liquidation.
According to official announcements, Binance announced that its bStocks product has surpassed $30 billion in cumulative trading volume in the nearly three months since its launch on June 11. Currently, Binance offers 24/7 trading, covering over 7,000 popular assets including stocks, options, and cryptocurrencies, and supports trading methods such as long and short positions, providing global users with a more flexible channel to trade stocks and other traditional financial assets. This growth also reflects that as traditional financial assets gradually enter on-chain trading scenarios, market attention toward new trading formats like stock tokens is steadily rising.
5 minutes ago
Huawei’s 30B-parameter edge-side Mixture of Experts (MoE) model is officially deployed on the Mate XT 2.
Beating AI News Flash: Huawei has officially deployed a 30B total-parameter, 2B activated-parameter edge-side Mixture of Experts (MoE) large model in its new-generation tri-fold smartphone Mate XT 2. The company calls this the "industry’s first edge-side MoE multimodal large model". The model runs on the newly launched Kirin 9050 Pro, powered by the Da Vinci architecture NPU for edge computing. This 30B/2B edge model was actually previewed as early as June. Back then, Huawei said it was optimized specifically for Kirin chips, cutting memory usage and boosting inference throughput via techniques like expert prediction, with plans to roll it out for Kirin chips and smartphones in the fall.
5 minutes ago
BonkGuy: Unrealized losses of $3.6 million due to FOMO over the past 24 hours, but not concerned about this round of pullback.
Well-known trader BonkGuy posted that his portfolio on FOMO has incurred an unrealized loss of around $3.6 million over the past 24 hours — a loss even larger than the combined PNL of the top two traders on FOMO in the same period. He noted that he shared this to reveal the other side of trading: portfolios don’t always rise, and traders must endure significant volatility and drawdowns. BonkGuy added that he is not concerned about this drawdown, and believes his current portfolio could double in value over the next several months, reaching at least $50 million, even without purchasing any new tokens.
5 minutes ago
Changxin Technology: Global DRAM product supply will remain tight in the second half of the year.
ChangXin Memory Technologies held its 2026 semi-annual performance briefing. An investor asked about the company’s Q3 DRAM price trends, and Huang Danyang, Senior Vice President and Chief Financial Officer of ChangXin, stated that looking ahead to the second half of 2026, the global DRAM supply shortage pattern will persist.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Following its explosive August breakout, XRP is trying to create a stable bullish structure. Although the asset is currently trading comfortably above the major moving averages at $1.42, price action since the initial surge indicates that buyers are still having difficulty resuming the advance.
Support range for XRPRight now, the 200-day moving average is around $1.35, which is the most crucial level. Since late August, XRP has conducted numerous tests in this area without yielding a conclusive breakdown. Thus, $1.35–$1.36 is the main support range. This area is further strengthened by the 20-day moving average, which is also coming in from below at roughly $1.32. $1.45 is the initial resistance on the upside.
XRP/USDT Chart by TradingViewAnother attempt at $1.50–$1.55, where XRP previously encountered significant selling, could be opened by a clean daily close above it. The price spent very little time at the extreme wick toward $1.70, so it should not yet be considered established resistance. The momentum is still in favor.
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The RSI is currently at about 62, significantly lower than the overbought readings produced during the August breakout. As a result, XRP can continue to grow without becoming technically overheated.
Bulls currently benefit from consolidation above $1.35. The recovery would be significantly weakened if that level were lost, and $1.32 and then $1.23 would come into focus.
Solana stays aboveAfter gaining more than 3% during the current session, Solana has maintained one of the cleaner recovery structures on the chart, trading at about $106.50. SOL is currently trading above all of the major moving averages displayed, having recovered significantly from its June lows.
SOL/USDT Chart by TradingViewThe $108–$110 range is the current obstacle. Before going into consolidation, SOL hit about $110 during the late-August rally, and buyers have not yet been able to break that high. There would not be much technical resistance in the vicinity if the price continued to rise through $110.
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Support has emerged between $100 and $102, where buyers have been drawn in by a number of recent pullbacks. The next significant dynamic support is the rising 20-day moving average around $95.30 below that. Another significant structural level is the 200-day average of about $91.
Although there is still plenty of momentum, caution is advised. The RSI is close to 68, and the signal average is above 72. As a result, even though SOL has cooled since the initial breakout, it is once again approaching overbought conditions.
The overall setup continues to favor buyers as long as SOL stays above $100. While losing $100 could lead to a deeper retracement toward $95 and possibly $91, breaking $110 would reinforce the bullish continuation scenario.
Hyperliquid near $100With HYPE rising to about $89 after gaining more than 4% during the current session, Hyperliquid is still outperforming the overall market. The recent action continues the robust surge that started on August 18, when the value of the token was less than $60. The technical structure remains overwhelmingly bullish.
HYPE/USDT Chart by TradingViewThe price is currently far above all significant moving averages, and HYPE has continuously produced higher highs and higher lows. The longer averages are still centered around $64–$66, but the 20-day moving average has increased to about $76.91. At $56.47, the 200-day moving average is significantly lower.
The psychologically significant $90 area is now being tested by HYPE. The token would enter price discovery if there were a strong breakout above this level, with $92–$95 emerging as the next natural zone to watch. However, the gap between the price and its moving averages also reveals the extent of the rally.
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Right now, the RSI is at 68.5, which is slightly below the conventional overbought level. It is worth noting that momentum has somewhat decreased even as HYPE hits new highs, which increases the likelihood of consolidation but also leaves the door open to further upside.
The first significant support is located between $84 and $85. The rising 20-day average around $77–$80 would become significant below that. HYPE's overall bullish structure does not change unless it loses these levels.
Bitcoin stands under pressureAfter a strong breakout from about $63,000 in August, Bitcoin is still consolidating around $80,000. Although buyers have repeatedly failed to create a sustained move above $81,000, Bitcoin is currently trading close to $79,960.
Instead of a proven reversal, the current structure is more akin to high-level consolidation. Demand for Bitcoin has consistently been found between $77,000 and $78,000; the most recent surge briefly pushed the price above $81,000 before being rejected once more. $81,000–$82,000 is now the most immediate resistance range.
BTC/USDT Chart by TradingViewAdditionally, Bitcoin maintains a significant distance from its main moving averages. While the 200-day moving average is close to $72,638, the 20-day average has increased to about $75,124. Additional averages between $69,400 and $70,000 further support the overall improvement in market structure following the August breakout.
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Momentum is still high. After previously entering overbought territory, the RSI is currently close to 67. Although another strong move toward $82,000 might quickly push momentum back into overheated conditions, this gives Bitcoin some additional room to grow.
The strongest indication that the rally is resuming would be a daily breakout above $82,000, which could open up the $84,000–$85,000 area. The first crucial level of defense on the downside remains $77,000.
After its sharp breakout in August, XRP is working to establish a more stable bullish pattern. The asset is now trading at $1.42, comfortably above the key moving averages. Buyers, however, have struggled to extend the advance since the surge, with price action reflecting a period of sideways movement.
XRP holds above key supportThe 200-day moving average at $1.35 remains a crucial support level for XRP. Since late August, the price has tested this area multiple times without experiencing a clear breakdown. The primary support is found between $1.35 and $1.36, strengthened by the 20-day moving average near $1.32. On the upside, the initial resistance stands at $1.45.
A sustained close above $1.45 could set up a renewed attack on the $1.50 to $1.55 range, which previously proved to be a heavy resistance zone. The price only briefly touched the $1.70 level, and there is not enough trading history at that price to consider it established resistance. Overall, the momentum remains positive.
XRP’s RSI is currently at 62, lower than during the August breakout, leaving room for further growth without technical overheating.
Bulls are supported as long as XRP consolidates above $1.35. Losing this level could weaken the recovery, shifting focus to $1.32 and then $1.23.
Solana rallies as momentum buildsSolana (SOL) has shown one of the clearest recovery trends, gaining over 3% in the current session and trading around $106.50. SOL remains above key moving averages after rebounding strongly from the June lows.
The $108 to $110 range presents the current resistance. Solana previously tested $110 during the late August rally but has not succeeded in breaking above. If the price surpasses $110, technical resistance in the immediate vicinity will be limited. Meanwhile, recent pullbacks have found support between $100 and $102. The 20-day moving average, now at $95.30, provides additional support below, with the 200-day average at approximately $91.
SupportResistance$100–$102, $95.30, $91$108–$110SOL’s RSI is nearing 68, with the signal average at 72. While the coin has cooled off since its last surge, it is once again approaching technically overbought conditions.
The setup remains favorable for buyers if SOL holds above $100. Losing this threshold could trigger deeper retracement toward $95 or $91, while a move beyond $110 would reinforce the bullish scenario.
Hyperliquid continues its market outperformanceHyperliquid (HYPE) has climbed over 4% in the current session, reaching nearly $89 and maintaining its lead over broader market performance. The upward momentum follows a surge that began on August 18, when HYPE traded below $60.
The price remains well above all major moving averages. HYPE is showing a strong pattern of higher highs and higher lows, with the 20-day moving average now at $76.91 and the 200-day at $56.47. The longer-term moving averages are clustered between $64 and $66.
The psychologically significant $90 level is currently in play. A breakout above this point would push HYPE into price discovery, with the $92 to $95 area as the next focal point. The significant distance between the current price and moving averages highlights the strength of the ongoing rally.
HYPE’s RSI stands at 68.5, just below the conventional overbought benchmark, indicating strong upside potential but an increased chance of short-term consolidation.
The first notable support lies between $84 and $85, followed by the rising 20-day average in the $77 to $80 range. HYPE’s bullish trend remains intact unless these support levels are lost.
Mini dictionary: Hyperliquid is a decentralized finance (DeFi) protocol focused on providing liquidity and trading solutions for crypto assets, aiming to facilitate high-frequency trading and automated market-making on blockchain networks.
Bitcoin steadies in high rangeBitcoin continues to consolidate around $80,000 after a strong move up from the $63,000 level in August. Despite several failed attempts to break decisively above $81,000, Bitcoin trades close to $79,960, reflecting ongoing high-level consolidation rather than a trend reversal.
Support has been consistently reliable between $77,000 and $78,000, where increased demand has re-emerged after price pullbacks. The most recent rally briefly pushed Bitcoin above $81,000, but selling pressure quickly returned. Immediate resistance is now clustered between $81,000 and $82,000.
Bitcoin remains distant from its major moving averages. The 200-day moving average stands near $72,638, and the 20-day is up to $75,124. Additional support comes from averages in the $69,400 to $70,000 band, reflecting the overall strengthening of market structure since August.
Momentum indicators remain robust. The RSI is now near 67—still below overbought conditions but with potential for a renewed surge above $82,000 to quickly drive momentum higher. A daily breakout above $82,000 would likely open the path toward $84,000–$85,000. The $77,000 level remains the key support on the downside.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
スイス金融大手UBSやBank of Montreal（BMO）、大手マーケットメーカーJane Street（ジェーン・ストリート）などが、暗号資産（仮想通貨）HYPEに連動する米国上場ETF（上場投資信託）を保有していることが、Bloomberg Intelligence（ブルームバーグ・インテリジェンス）による各ファンドの初回の四半期保有報告の分析によって分かった。
6月末時点で最大の保有額を報告したのはブラジルのWealth High Governance Asset Managementで、21Shares（21シェアーズ）のHYPE連動ETF「THYP」を約2395万ドル（約37億円、1ドル＝155円換算）相当保有していた。保有数は63万2614株だった。
次いでOLP Capital Managementが約1050万ドル、UBSが約750万ドル、BMOが約670万ドル、ジェーン・ストリートが約440万ドルとなった。
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BonkGuy: Unrealized losses of $3.6 million due to FOMO over the past 24 hours, but not concerned about this round of pullback.
Well-known trader BonkGuy posted that his portfolio on FOMO has incurred an unrealized loss of around $3.6 million over the past 24 hours — a loss even larger than the combined PNL of the top two traders on FOMO in the same period. He noted that he shared this to reveal the other side of trading: portfolios don’t always rise, and traders must endure significant volatility and drawdowns. BonkGuy added that he is not concerned about this drawdown, and believes his current portfolio could double in value over the next several months, reaching at least $50 million, even without purchasing any new tokens.
6 minutes ago
Changxin Technology: Global DRAM product supply will remain tight in the second half of the year.
ChangXin Memory Technologies held its 2026 semi-annual performance briefing. An investor asked about the company’s Q3 DRAM price trends, and Huang Danyang, Senior Vice President and Chief Financial Officer of ChangXin, stated that looking ahead to the second half of 2026, the global DRAM supply shortage pattern will persist.
6 minutes ago
Changxin's largest long position on Hyperliquid has an unrealized profit exceeding $3 million.
According to TradingBeats' monitoring, the largest long address 0x9a80 for Changxin (trading pair: xyz:CXMT) on Hyperliquid currently holds around 1.4956 million CXMT long positions, with a position value of approximately $12.99 million, using 5x leverage, an average entry price of about $6.6156, and an unrealized profit of roughly $3.0959 million. Today, A-share listed Changxin rose sharply by 6.70%, closing at 58.47 yuan. Assuming no new trades are executed by this address, based on its current position size, the intraday price increase has generated an approximate $435,000 in paper gains for it. It is reported that this address built its current CXMT long position from scratch on July 15, accumulating around 225,200 CXMT tokens that day. It then continued to add to its position, peaking at roughly 1.63 million CXMT by the end of July. Although it reduced positions in batches during this period, it did not fully close out the position, and currently retains approximately 1.4956 million long CXMT positions.
6 minutes ago
Capital B spent approximately $29.4 million to add 376 Bitcoin to its holdings, marking the largest single Bitcoin purchase in nearly a year.
French bitcoin treasury firm Capital B announced it purchased 376 bitcoins for €25.3 million (approx. $29.4 million), bringing its total bitcoin holdings to 3,521 coins, with a cumulative acquisition cost of roughly €309.4 million (approx. $359.3 million). This purchase marks Capital B’s largest single bitcoin acquisition since September 2025, when the firm bought 551 bitcoins. Capital B said the funds for the purchase came from a recently completed financing round, including a €28.7 million (approx. $33.3 million) private placement, in which Adam Back added €7.6 million (approx. $8.8 million) in investment, boosting his common stock stake to 17.64%. Following this acquisition, Capital B holds 3,521 bitcoins, with an average purchase price of roughly €87,878 per coin (approx. $102,058 per coin).
6 minutes ago
Analysis: Bitcoin's on-chain realized market capitalization returns to growth, with its price recovery backed by fundamentals.
CryptoQuant analyst Axel Adler Jr. published a note stating that Bitcoin’s Realized Cap returned to positive territory on August 24 after 87 consecutive days of negative growth, and rose to +0.88% on September 6, indicating that BTC’s on-chain capital base is recovering. Bitcoin’s Realized Cap currently stands at around $1.068 trillion, having increased by approximately $9.36 billion over the past 30 days, and has continued to rise even as BTC fluctuated around $80,000 recently. Adler Jr. noted that this shows the previously contracting Realized Cap is improving. However, this metric briefly turned positive back in May before falling again, so it remains to be seen whether the current capital growth can be sustained. Meanwhile, Bitcoin’s Realized Premium Z-Score dropped from 4.17 during BTC’s rally on August 19 to 0.90 on September 6, though it still remains in positive territory. Adler Jr. explained that the metric’s decline does not signal a weakening price trend, as the anomaly relative to the 28-day average naturally decreases as new price levels gradually enter calculations. Overall, current on-chain signals are positive but have not yet confirmed a sustained bull market: Realized Cap is growing, while BTC has held onto its prior gains. Going forward, if the 30-day Realized Cap change remains positive and is accompanied by further expansion of Realized Cap, this will further support the continuation of the recovery; if the metric falls back below zero, it will weaken this outlook.
6 minutes ago
Arthur Hayes releases the Flop Yellow Paper, turning AI inference computing power into an on-chain commodity, with all tokens allocated via airdrop.
Arthur Hayes has published the yellow paper for his new project FLOP on social media. According to the introduction, FLOP is a proof-of-useful-inference blockchain and native token tailored for the Agent economy. Agents use FLOP to pay miners for inference fees, directly converting the token into computing power and intelligence. Simply put, FLOP aims to position AI inference computing power as an on-chain commodity that is purchasable, verifiable, and settleable. The workflow operates as follows: AI Agents use FLOP to pay for inference requests; miners run the required models; verifiers confirm that "the inference is roughly credible and the work is valid", then settle rewards and block rewards. On token supply, FLOP has a genesis supply of approximately 2.48346 billion tokens, all allocated via airdrop, with no VC pre-mining or auctions. The initial phase reward distribution is 75% to miners, 10% to verifiers, 10% to Agents, and 5% to regular stakers. The network features an average block time of one second, with an initial block reward of 96 FLOP, which halves every 730 days for a total of five halving cycles—dropping from 96 to 48, 24, 12, 6, and finally 3—after which the reward will remain permanently at 3 FLOP. To become a miner or verifier, participants must stake FLOP tokens, and dishonest staking will incur penalties. Verifiers serve as network guardians and manage the protocol through FLOP Improvement Proposals (FIPs).
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Thirty institutions have disclosed combined holdings of $74.9 million in US-listed Hyperliquid (@HyperliquidX) ETFs, according to Bloomberg Intelligence ETF analyst James Seyffart, who reviewed the funds' first quarterly 13F filings. The disclosures confirm that well-known Wall Street names are among the earliest institutional adopters of the regulated wrappers for $HYPE, the native token of the decentralized derivatives exchange.
Who Holds What Brazil's Wealth High Governance Asset Management leads the pack. The firm reported 632,614 shares of the 21Shares HYPE ETF (THYP), valued at roughly $23.95 million as of June 30. OLP Capital Management ranked second with $10.5 million in exposure, followed by UBS at $7.5 million and Bank of Montreal at $6.7 million. Jane Street rounded out the top five with $4.4 million in disclosed holdings.
Together, those five firms account for roughly $53 million, or about 70.8% of the $74.9 million total reported across all 30 institutions, according to Bloomberg Intelligence. Other names on the list include Discovery Capital, Brevan Howard, Balyasny, and Boothbay, with smaller positions from Royal Bank of Canada and Tower Research Capital.
Analysts urge some caution when reading the data. Bank holdings can include client money rather than proprietary positions, and trading firms may carry ETF shares as hedges against other exposures. The 13F requirement also applies only to managers above the $100 million threshold in qualifying securities, so the filings do not represent a complete picture of who owns the funds.
ETF Landscape and Inflows Three US spot Hyperliquid ETFs are currently in the market. 21Shares was first to launch with THYP on May 12, 2026, followed by Bitwise's BHYP on May 15 and Grayscale's HYPG on June 3. Since inception, the three funds have attracted $356.58 million in net inflows combined, according to Bloomberg Intelligence data cited by Seyffart.
The products give institutional and retail investors regulated brokerage access to $HYPE without requiring them to set up a digital wallet or interact directly with a decentralized exchange. Hyperliquid itself is a decentralized perpetual futures platform operating on its own Layer 1 blockchain, and its token has risen sharply in 2026, hitting an all-time high above $88 in the days surrounding the 13F disclosure.
Sources:
The Block: UBS, Jane Street among firms with combined $75 million in Hyperliquid ETF holdings
Yahoo Finance: HYPE Hits Record High As Jane Street, UBS Among 30 Firms With $75M In ETF Exposure
SEC EDGAR: Bitwise Hyperliquid ETF Form 10-Q (June 30, 2026)
Hyperliquid (HYPE) price is trading in the red on Monday, stalling after 10% gains last week. HYPE-focused Exchange Traded Funds (ETFs) recorded their fifth consecutive weekly inflows, projecting steady institutional demand. The technical outlook for HYPE warns of potential downside risk as bullish momentum stretches thin.
UBS, Bank of Montreal, Jane Street, and other large funds hold HYPEJames Seyffart, a Bloomberg ETF analyst, shared in an X post on Friday that leading financial institutions hold HYPE, such as Wealth High Governance, OLP Capital, UBS, Bank of Montreal, Jane Street, among others. Exposure to the Decentralized Exchange’s (DEX) native token reflects strong demand from large institutional investors as US President Donald Trump plans to bring Hyperliquid onshore.
SoSoValue data shows that HYPE ETFs recorded $12.27 million in inflows last week, down from $56.86 million in the previous week. Still, the ETF inflows remain positive for the fifth consecutive week, reaffirming strong institutional demand.
Technical outlook: Could HYPE hit $100 before the rally fades?Hyperliquid holds above $86 at press time on Monday, maintaining a clear bullish bias after advancing 10% last week. The DEX token remains well above the 50-day Exponential Moving Average (EMA) at $71.55, while the 100-day EMA at $65.05 trails far below spot, reinforcing an established uptrend, and the 200-day EMA near $56.64 underpins the broader bullish structure.
Fibonacci retracements from the latest swing from $76.93 to $51.20 sit comfortably beneath current prices, suggesting a deep cushion on pullbacks. HYPE struggles to advance above the 127.2% Fibonacci extension level at $85.94, indicating strong headwinds as investors shift toward profit-taking.
Momentum-wise, the Relative Strength Index (RSI) around 64 on the daily chart stays in bullish territory, easing from the overbought zone. At the same time, the Moving Average Convergence Divergence (MACD) slips marginally below its signal line, reaffirming a brief loss of upside momentum.
From a technical perspective, HYPE forms a near-term upward-sloping channel pattern, with the lower boundary near $82.40. A confirmed breakout above this level could extend its correction toward the $76.93 Fibonacci anchor. Deeper pullbacks could test the 50-day EMA at $71.55, reinforced by the 78.6% Fibonacci retracement at $70.51.
HYPE/USD daily price chart.Looking up, a decisive close above the upward-sloping trendline near $89.61 could open the path toward the 161.8% extension level at $98.95, followed by the $100 psychological threshold.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
BonkGuy: Unrealized losses of $3.6 million due to FOMO over the past 24 hours, but not concerned about this round of pullback.
Well-known trader BonkGuy posted that his portfolio on FOMO has incurred an unrealized loss of around $3.6 million over the past 24 hours — a loss even larger than the combined PNL of the top two traders on FOMO in the same period. He noted that he shared this to reveal the other side of trading: portfolios don’t always rise, and traders must endure significant volatility and drawdowns. BonkGuy added that he is not concerned about this drawdown, and believes his current portfolio could double in value over the next several months, reaching at least $50 million, even without purchasing any new tokens.
6 minutes ago
Changxin Technology: Global DRAM product supply will remain tight in the second half of the year.
ChangXin Memory Technologies held its 2026 semi-annual performance briefing. An investor asked about the company’s Q3 DRAM price trends, and Huang Danyang, Senior Vice President and Chief Financial Officer of ChangXin, stated that looking ahead to the second half of 2026, the global DRAM supply shortage pattern will persist.
6 minutes ago
Changxin's largest long position on Hyperliquid has an unrealized profit exceeding $3 million.
According to TradingBeats' monitoring, the largest long address 0x9a80 for Changxin (trading pair: xyz:CXMT) on Hyperliquid currently holds around 1.4956 million CXMT long positions, with a position value of approximately $12.99 million, using 5x leverage, an average entry price of about $6.6156, and an unrealized profit of roughly $3.0959 million. Today, A-share listed Changxin rose sharply by 6.70%, closing at 58.47 yuan. Assuming no new trades are executed by this address, based on its current position size, the intraday price increase has generated an approximate $435,000 in paper gains for it. It is reported that this address built its current CXMT long position from scratch on July 15, accumulating around 225,200 CXMT tokens that day. It then continued to add to its position, peaking at roughly 1.63 million CXMT by the end of July. Although it reduced positions in batches during this period, it did not fully close out the position, and currently retains approximately 1.4956 million long CXMT positions.
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Capital B spent approximately $29.4 million to add 376 Bitcoin to its holdings, marking the largest single Bitcoin purchase in nearly a year.
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Every HYPE unlock triggers the same panic cycle. Every time, the sellers never show up. The September batch will probably be no different, and the data from previous unlocks explains exactly why.
Summary
Hyperliquid released approximately 9.92 million HYPE tokens on September 6, valued at roughly $820 million at the prevailing market price of $82.60 per token. Historical data from HYPE unlocks shows that the vast majority of newly unlocked tokens are not sold. After the March 2026 unlock, on-chain data indicated that only about 1.75% of unlocked supply reached exchanges within the first 30 days. HYPE has gained more than 50% since its mid-August breakout from the $55 to $60 range, reaching an all-time high of $88.06, with price holding above $80 through multiple unlock events in recent months. The Assistance Fund has burned 48.42 million HYPE through automated buybacks funded by 99% of eligible trading fees, permanently removing 4.84% of maximum supply. Hyperliquid Strategies, the Nasdaq-listed treasury company, held 29.3 million HYPE worth $1.9 billion as of June 30 and expanded its equity facility to $2.5 billion for potential additional purchases. Crypto Twitter lit up on September 6. The headline was irresistible: Hyperliquid just unlocked $820 million worth of HYPE tokens, adding nearly 10 million tokens to the available supply in a single batch. On paper, that sounds like a wall of sell pressure about to crush the price. Traders who have been burned by unlock dumps on other tokens immediately started hedging, opening short positions, and posting dire warnings about what comes next.
They are almost certainly wrong. And the reason they are wrong tells you something important about how HYPE actually works, how token unlocks function in practice, and why the market keeps getting smarter about separating real supply pressure from headline noise.
The $820 million number is technically correct and practically meaningless The September 6 unlock released 9.92 million HYPE tokens from their vesting contracts. At the time, HYPE was trading around $82.60, which puts the theoretical market value of those tokens at roughly $820 million. That is the number that landed in every headline and every panicked tweet.
But theoretical value and actual sell pressure are wildly different things.
An unlock does not mean that 9.92 million tokens hit the open market. It means those tokens become claimable by their holders. The people receiving vested HYPE are not random speculators looking to dump at the first opportunity. They are core contributors, early team members, and ecosystem participants who have been building on Hyperliquid for years. Most of them have strong reasons to hold.
Think about it from their perspective. They received HYPE allocations when the token was worth single digits. They have watched it climb to $82. They are sitting on life-changing gains. But they also know the protocol is growing faster than almost anything else in DeFi. Hyperliquid processes more than $4 billion in daily trading volume. The Assistance Fund is burning tokens worth $1 million per day. A Nasdaq-listed company is spending hundreds of millions to accumulate their token. Why would they sell now?
The data says they do not.
What actually happened after previous unlocks The best predictor of unlock behavior is unlock behavior. And HYPE has given us enough data points to see a clear pattern.
After the March 2026 unlock, which released a comparable batch of tokens, blockchain analysts tracked the movement of newly unlocked HYPE for 30 days. According to on-chain data aggregated by Arkham Intelligence and independent researchers, approximately 1.75% of the unlocked tokens moved to exchange deposit addresses within the first month.
Read that number again. 1.75%.
Out of hundreds of millions of dollars in theoretical unlock value, the actual sell pressure amounted to a tiny fraction. Most recipients left their tokens untouched. Some staked them. Some moved them to new wallets for tax or security reasons. But the panic-inducing “massive supply dump” that the headlines predicted simply did not happen.
The August 29 unlock provided even more recent evidence. That batch was larger, releasing approximately 14.18 million HYPE tokens valued at roughly $1.2 billion near the all-time high of $86.71. The immediate price reaction was a pullback to around $81, which is exactly the kind of dip that gets called a “crash” in breathless Twitter threads. Within days, HYPE was trading back above $85. The pullback represented normal profit-taking in a token that had just rallied 50% in a month, not a structural supply crisis.
This pattern repeats across the entire unlock history. Each time, the headlines scream about billions in new supply. Each time, the actual selling is minimal. Each time, the price recovers.
Why unlock panic consistently overstates the real impact The gap between perceived and actual unlock impact comes down to three factors that most market commentary ignores.
First, vesting recipients are not the same as traders. When a centralized exchange lists a new token and airdrop recipients rush to sell, that creates genuine supply pressure because those holders were never committed to the project. Vesting recipients are different. They earned their tokens through years of work or early commitment. Their time preference is fundamentally different from someone who received a free airdrop.
Second, HYPE has structural demand that absorbs new supply before it can create meaningful price impact. The Assistance Fund buyback mechanism runs continuously, spending approximately $1 million per day on open-market HYPE purchases. That is $30 million per month in automated buying pressure that does not stop for unlocks, does not get scared by headlines, and does not negotiate its entry price. The buyback alone could absorb a substantial portion of any actual selling from unlock recipients.
Third, the market has learned. The first few HYPE unlocks may have caused genuine uncertainty, but after multiple cycles where the feared dump failed to materialize, sophisticated traders and market makers now treat unlock events as potential buying opportunities rather than sell signals. The informational content of an unlock event in HYPE is close to zero because the pattern has been so consistent.
This is not unique to HYPE. Research across the broader crypto market shows that large-cap tokens with strong fundamentals tend to absorb unlock supply more efficiently over time. The difference is that HYPE has one of the most aggressive built-in demand mechanisms in the industry, which narrows the window for any sell pressure to have lasting impact.
The Assistance Fund is the real story here While traders obsess over token unlocks, the Assistance Fund quietly does the opposite of an unlock every single day.
Hyperliquid’s protocol directs 99% of eligible trading fees into the Assistance Fund, which uses those fees to buy HYPE on the open market. The purchased tokens are then burned, permanently removed from supply. No one can ever sell those tokens again. They are gone.
The numbers are staggering. By September 6, cumulative burns had reached 48.42 million HYPE tokens. That is 4.84% of the original maximum supply of 1 billion tokens, permanently erased. At current prices, the burned supply would be worth more than $4 billion.
To put that in perspective, the September 6 unlock released 9.92 million tokens. The Assistance Fund has removed 48.42 million tokens. The net effect of the buyback program outweighs this unlock by nearly five to one.
And the burn rate is accelerating. When Hyperliquid was processing lower volumes in early 2025, daily buybacks ran around $500,000. By mid-2026, they had doubled to roughly $1 million per day. In peak weeks, single-day buybacks have reached $3.97 million. The mechanism scales directly with trading volume, and Hyperliquid dominates crypto buyback activity, accounting for nearly 90% of all tracked token repurchases in 2026 alongside Pump.fun.
The annualized buyback rate runs near 7% of HYPE’s market capitalization. Compare that to Ethereum’s burn rate, BNB’s quarterly burns at roughly 20% of profits, or Solana’s 50% priority fee burn. HYPE’s ratio is four to five times higher than any comparable large-cap crypto asset.
This is the number that matters far more than any unlock. The protocol is eating its own supply faster than vesting events can replenish it.
Token unlocks across crypto: the pattern is clear HYPE is not the only token that survives unlock events better than expected, but it is one of the clearest examples.
Look at Solana. SOL went through massive unlock periods in 2021 and 2022, with billions of dollars in tokens becoming available. The short-term price action was choppy, but the long-term trend was determined by network adoption and ecosystem growth, not by unlock schedules. SOL went from under $20 to over $250 because people built useful things on it, not because its vesting schedule was perfectly smooth.
Arbitrum saw similar dynamics. ARB experienced large unlock events that triggered temporary volatility, but the tokens that actually reached exchanges represented a small fraction of the theoretical total. Optimism’s OP token followed the same pattern. The market has a remarkably consistent response to unlocks: brief uncertainty, minimal actual selling, and a return to the prevailing trend within days or weeks.
The tokens that get destroyed by unlocks tend to share specific characteristics. They lack genuine revenue or usage. Their holders received tokens through airdrops or speculative farming rather than long-term vesting. Their unlock schedules release huge percentages of total supply at once. And they have no structural demand mechanism to absorb new supply.
HYPE has none of those weaknesses. The protocol generates real revenue. The holders are long-term committed. The unlock percentages are manageable. And the Assistance Fund provides constant demand.
Hyperliquid Strategies adds another layer of demand Beyond the Assistance Fund, there is an entirely separate source of HYPE demand that most unlock analysis ignores.
Hyperliquid Strategies, the Nasdaq-listed company that operates as a corporate treasury vehicle for HYPE, held 29.3 million tokens worth $1.9 billion as of June 30, 2026. Since its business combination closed in December 2025, the company has spent $773.4 million buying approximately 16.5 million HYPE at an average price of $46.77.
On September 1, Hyperliquid Strategies expanded its equity facility with Chardan Capital Markets from $1 billion to $2.5 billion. The facility allows the company to sell PURR shares and use the proceeds for general corporate purposes, including HYPE purchases. CEO David Schamis said the company was approaching the original $1 billion limit and needed additional capacity.
This means there is a publicly traded company with $2.5 billion in potential firepower that has explicitly stated its intention to buy more HYPE. That company is already one of the largest identified holders. Its validator is the third largest on the network excluding Hyper Foundation wallets. Its shares are owned by institutional investors including Duquesne Family Office, Stanley Druckenmiller’s firm, which disclosed a $23 million PURR position.
The existence of Hyperliquid Strategies creates an asymmetric dynamic around unlock events. If newly unlocked tokens hit the market and push the price down, Hyperliquid Strategies has both the mandate and the capital to buy the dip. Unlock sellers are selling into a bid from a company with billions in available capacity. That is not a fair fight.
The institutional momentum keeps building The unlock narrative misses the forest for the trees. While headline writers count newly released tokens, the actual trajectory of Hyperliquid is pointing sharply upward.
In the past month alone, several developments have reinforced the institutional case for HYPE. Hyperliquid Labs and Kraken parent Payward entered advanced talks to offer HYPE-linked perpetual futures to U.S. traders through CFTC-regulated exchange Bitnomial, according to Bloomberg. CME Group launched crypto indexes that include HYPE alongside BNB, XRP, and Solana. The Hyperliquid Policy Center asked the SEC and CFTC to create a framework for equity perpetuals, the first formal step toward bringing an entirely new asset class under regulatory oversight.
President Trump himself said during an August 19 White House meeting that the CFTC was working to bring Hyperliquid into the United States in a compliant fashion. A former SEC senior counsel estimated the regulatory process could take 10 to 12 months but noted that the path appeared genuinely underway.
None of this is priced into the unlock math. An unlock analysis that looks only at new supply without considering the demand from a Nasdaq-listed treasury company, a potential U.S. regulated futures listing, and CME-level institutional recognition is measuring one side of the equation and ignoring the other.
The HIP-3 equity perpetuals markets processed more than $480 billion in cumulative notional volume during their first 10 months. HIP-4 outcome markets tripled their volume after opening to outside deployers. Hyperliquid is building genuine product-market fit across multiple verticals while the market argues about whether a 9.92 million token unlock will crash the price.
How the vesting schedule actually works Understanding why unlocks have minimal impact requires understanding the mechanics of HYPE vesting.
HYPE’s maximum supply is 1 billion tokens. The initial distribution allocated 31% to a genesis airdrop in November 2024, with the remainder split among future emissions, core contributors, and the Hyper Foundation. Core contributor tokens vest over multiple years with periodic cliff unlocks rather than daily linear vesting.
This structure means tokens do not trickle into the market continuously. They become available in discrete batches at scheduled intervals, which is what creates the headline-generating moments. But the batch structure also means that holders who want to sell have to make a conscious decision to claim and transfer their tokens. Passive holders, which is most of them, simply leave tokens unclaimed.
The September 6 batch of 9.92 million tokens represents approximately 0.99% of maximum supply. In a token with $19.2 billion in circulating market capitalization and $865 million in 24-hour trading volume, a 1% supply increase is manageable even if every single token were sold immediately. And they will not be sold immediately.
The vesting schedule will continue producing periodic unlocks for years. Each one will generate the same headlines. And each one will likely produce the same result: a brief moment of uncertainty, minimal actual selling, and a return to the underlying trend determined by protocol fundamentals.
What to watch There are legitimate risks around token unlocks, and anyone holding HYPE should track them honestly rather than dismissing all supply concerns.
On-chain claim rates in the first 72 hours. The 1.75% claim rate after the March unlock is the benchmark. If September’s claim rate jumps to 5% or higher, that would signal a genuine change in holder behavior and warrant closer attention.
Assistance Fund buyback volume. The Fund’s daily purchases act as a natural floor under the price. If protocol revenue drops and daily buybacks fall below $500,000, the absorption capacity weakens. Track the Onchain Lens data for the Assistance Fund wallet.
Hyperliquid Strategies purchasing activity. The company’s SEC filings disclose HYPE acquisitions. If Hyperliquid Strategies pauses buying or signals a change in strategy, the institutional demand pillar weakens.
Exchange deposit flows from unlock wallets. Arkham Intelligence and similar platforms track whether newly unlocked tokens move to exchange deposit addresses. This is the single best real-time indicator of actual sell intent.
Broader market conditions. HYPE does not trade in a vacuum. If Bitcoin enters a sharp correction and risk assets sell off broadly, unlock sellers could amplify the downside. The unlock itself is not the risk. The unlock coinciding with external pressure is.
Daily trading volume relative to unlock size. With $865 million in daily volume, the market can absorb significant selling. If volume drops while unlock supply rises, the ratio shifts unfavorably.
Disclaimer:** This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto assets are volatile and carry risk of loss. Past performance does not guarantee future results. Published September 7, 2026.
What was the September 6, 2026, HYPE token unlock? Hyperliquid released approximately 9.92 million HYPE tokens from vesting contracts on September 6, 2026. At the market price of roughly $82.60, the batch was valued at approximately $820 million. The tokens became claimable by core contributors and ecosystem participants who had been subject to vesting schedules since the network’s launch.
Does a token unlock mean all those tokens will be sold? No. A token unlock makes previously locked tokens claimable, but it does not force holders to sell. After the March 2026 HYPE unlock, on-chain tracking showed that only about 1.75% of unlocked tokens reached exchanges within 30 days. Most recipients left their tokens untouched, staked them, or moved them to new wallets without selling.
Why does HYPE typically go up after token unlocks? HYPE has shown resilience during unlock events because of structural demand from the Assistance Fund buyback mechanism, accumulation by Hyperliquid Strategies, and the tendency of vesting recipients to hold rather than sell. When actual selling pressure is minimal and automated buying continues, the net effect of an unlock can be neutral or even slightly positive as uncertainty clears.
What is the Assistance Fund and how does it affect HYPE supply? The Assistance Fund is an automated protocol mechanism that uses 99% of eligible Hyperliquid trading fees to buy HYPE on the open market. Purchased tokens are permanently burned. By September 6, 2026, the Fund had burned 48.42 million HYPE, equal to 4.84% of maximum supply. At roughly $1 million in daily purchases, the Fund creates constant buying pressure that offsets unlock-related supply increases.
How does HYPE’s unlock impact compare to other major tokens? Large-cap tokens with strong fundamentals, including Solana, Arbitrum, and Optimism, have generally absorbed unlock supply without lasting price damage. Tokens that suffer from unlock dumps typically lack real revenue, have mostly airdrop-based holder bases, or release disproportionately large percentages of supply. HYPE’s combination of revenue-funded buybacks, committed long-term holders, and manageable unlock sizes places it among the more resilient tokens during vesting events.
What is Hyperliquid Strategies and why does it matter for unlocks? Hyperliquid Strategies is a Nasdaq-listed company that holds HYPE as its primary treasury asset. It held 29.3 million HYPE worth $1.9 billion as of June 30, 2026, and has a $2.5 billion equity facility for potential additional purchases. Its presence creates a large, well-capitalized buyer that can absorb any unlock-related selling pressure, effectively putting a floor under the token during vesting events.
How much HYPE has been permanently burned? The Assistance Fund had burned approximately 48.42 million HYPE tokens by September 6, 2026, representing 4.84% of the original 1 billion maximum supply. At a price of $85.50, that burned supply would carry a theoretical market value exceeding $4 billion. CoinGecko reflected this by listing HYPE’s fully diluted supply near 955 million tokens rather than the original 1 billion.
Should I buy or sell HYPE based on unlock events? Token unlocks are one factor among many that affect price. This article examines the historical pattern of HYPE unlock behavior and the structural mechanisms that influence supply and demand. Past performance during unlock events does not guarantee future results. Individual investment decisions should account for personal risk tolerance, portfolio allocation, and overall market conditions. This is educational analysis, not investment advice.
Should I buy or sell HYPE based on unlock events? Token unlocks are one factor among many that affect price. This article examines the historical pattern of HYPE unlock behavior and the structural mechanisms that influence supply and demand. Past performance during unlock events does not guarantee future results. Individual investment decisions should account for personal risk tolerance, portfolio allocation, and overall market conditions. This is educational analysis, not investment advice.
