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Zcash’s move above $1,200 left a large Hyperliquid trader with approximately $25.7 million in unrealized losses on a 32,760 ZEC short position, according to an on-chain analyst’s Sept. 7 assessment.

Summary

ZEC climbed above $1,200, leaving a tracked Hyperliquid short with $25.7 million in unrealized losses reportedly. The wallet shorted 32,760 ZEC at an average entry price near $444 in July 2026. Ember attributes the address to Garrett Jin, but public blockchain data cannot confirm ownership independently. The same address held roughly $107 million in Bitcoin longs with $4.42 million unrealized profits observed. Funding payments on the Bitcoin position totaled about $2.05 million, reducing its effective trading return materially. Blockchain analyst Ember reported that the wallet opened its ZEC short in early July at an average entry price near $444. ZEC subsequently advanced from approximately $400 to more than $1,200.

At $1,200, the difference between the reported entry price and market price would produce a loss of roughly $24.8 million on 32,760 ZEC before fees. Ember’s $25.7 million estimate implies that ZEC was trading closer to $1,228 when the position was observed.

The position remains open, according to the analyst. Its loss is therefore unrealized and can change as ZEC’s price moves, funding accrues or the trader adjusts the position.

The wallet’s current positions and account equity can be monitored through HypurrScan. On-chain explorers can verify an address’s trades and balances, but they cannot independently prove who controls it.

Ember described the address as part of a “Garrett Jin whale entity.” No signed message, court record, company filing or direct statement from Jin was identified confirming that attribution. The article therefore treats the connection as Ember’s assessment rather than an established fact.

ZEC 太猛了，$1,200+ 了~
不过 [Garrett Jin 巨鲸实体] 应该是不太开心的：因为作为最大的 空单持有者的他们，现在浮亏 $2570 万了都。

他们是在 7 月初就开空了 3.276 万枚 ZEC，开空价格 $444。结果 ZEC 3 个月时间从 $400 猛涨到了 $1,200+，他们浮亏 $2570 万。

另外他们手上还有价值 $1.07… pic.twitter.com/eq74XQCL5n

— 余烬 (@EmberCN) September 7, 2026 ZEC gained more than 170% from the reported entry ZEC’s move from the wallet’s $444 entry price to $1,200 represents an increase of approximately 170%. The rally occurred over roughly two months between early July and Sept. 7, rather than a full three-month period.

The sharp move followed growing institutional interest in Zcash. Grayscale converted its existing Zcash Trust into the ZCSH exchange-traded fund, which began trading on NYSE Arca on Aug. 25. Crypto.news reported that the first U.S.-listed Zcash fund began trading with direct exposure to the privacy-focused asset. Grayscale charges the fund a 2.5% annual sponsor fee.

ZEC traded near $855 shortly after the fund’s launch, while centralized exchange volume exceeded $1.2 billion during one 24-hour period. Its subsequent advance through $1,000 intensified pressure on short positions. The rally also pushed Zcash into the crypto market’s largest assets by capitalization. In related coverage, ZEC’s move through the four-digit price level was linked to the ETF conversion, renewed privacy demand and increasing institutional exposure.

These developments provide context for the rally but do not prove that ETF demand alone caused the move. Spot buying, derivatives positioning, short liquidations and reduced available supply can all affect prices during a rapid advance.

Bitcoin long partially offsets the ZEC loss The same Hyperliquid address held a Bitcoin long position worth approximately $107 million when Ember published the update. That trade carried an estimated unrealized gain of $4.42 million.

However, the wallet had paid about $2.05 million in funding fees on the Bitcoin position. Subtracting those payments would leave a smaller effective gain before any other trading costs. Funding payments are periodic transfers between long and short perpetual-futures traders. They help keep a perpetual contract’s price close to the underlying spot market. When funding is positive, long-position holders generally pay short-position holders.

The Bitcoin profit was not large enough to offset the ZEC loss at the reported snapshot. Combining the $25.7 million ZEC deficit with the Bitcoin position’s paper gain and reported funding costs would still leave the two trades deeply negative overall.

That calculation does not represent the wallet’s complete performance. It excludes other open positions, closed trades, deposits, withdrawals and fees that may appear in its broader account history.

High leverage leaves the position exposed to liquidation An unrealized loss does not necessarily mean the trader has been liquidated. Hyperliquid calculates liquidation risk using position size, collateral, maintenance margin and the platform’s mark price.

The wallet’s large account equity may allow it to maintain the ZEC short despite the loss. Its liquidation price was not reliably available from the analyst’s post, and no confirmed liquidation had occurred at publication. If ZEC continues rising, the required margin and paper loss could increase. A falling ZEC price would reduce the loss and could return part of the short to profitability. The outcome remains dependent on future price movements.

The position could also contribute to further volatility if the trader closes it. Buying 32,760 ZEC to cover the short would create additional market demand, although the eventual effect would depend on execution timing and available liquidity.

Conversely, keeping the position open exposes the wallet to further losses, funding costs and liquidation risk. There is no verified indication of whether the trader plans to close, reduce or add collateral to the position.

What happens next for the ZEC whale position The primary measurable developments are changes to the wallet’s position size, collateral and liquidation level. These details can be followed through the address’s public perpetual-futures activity.

ZEC’s ability to remain above $1,200 will also determine whether the reported loss grows or contracts. The rally has already shown that earlier resistance levels do not guarantee support during a reversal. Traders will also watch ZCSH fund holdings, spot-market volume and ZEC derivatives open interest. High open interest can amplify moves in either direction when leveraged positions are forced to close.

No statement from the wallet controller has confirmed its trading strategy or identity. Until that occurs, the $25.7 million figure should be described as a snapshot-based estimate tied to a publicly visible address, not a confirmed personal loss attributed conclusively to Garrett Jin.

Hyperliquid’s native token, HYPE, slipped into negative territory on Monday, retreating from its recent advance after a 10% rally last week. Despite the pullback, HYPE remained above $86 at the time of reporting, holding onto its broader bullish structure as investors weighed up the prospects for further gains.

ETF inflows persist as financial institutions disclose positionsExchange-traded funds focused on HYPE continued to draw net inflows for the fifth consecutive week, signaling ongoing interest among institutional investors. According to CoinGlass, these products attracted $12.27 million in net new money last week, although this marked a notable slowdown from the previous week’s $56.86 million haul.

Bloomberg ETF analyst James Seyffart posted fresh data on X, revealing that several major financial institutions reported exposure to HYPE-based investment products. Among the disclosed holders were Wealth High Governance, OLP Capital, UBS, Bank of Montreal, and Jane Street, highlighting growing institutional engagement in the Hyperliquid ecosystem.

Hyperliquid is a decentralized exchange platform where the HYPE token is used throughout its products and governance. Analysts note that the presence of established financial firms signals increased interest in digital asset markets, especially as debates over US regulatory approvals for such products continue.

The five-week streak of inflows suggests demand for HYPE remains steady, although the sharp drop in new investment reflects some moderation of investor enthusiasm after the token’s recent price surge. This ongoing institutional participation may provide support for the token, but weaker inflow momentum could limit further upside in the near term.

WeekNet ETF InflowsLast week$12.27 millionPrevious week$56.86 millionSeveral institutional holders reported sizable positions in HYPE-focused investment products, reflecting growing engagement among established finance firms.

Mini dictionary: Hyperliquid, a decentralized exchange platform that offers trading services and uses the HYPE token for participation and governance within its ecosystem.

Technical analysis: HYPE faces resistance near $90HYPE’s price remains well above its key exponential moving averages (EMAs) on the daily chart, supporting an overall bullish structure. The 50-day EMA sits at $71.55, the 100-day EMA at $65.05, and the 200-day EMA currently stands at $56.64, all considerably below current levels.

Recent technical indicators suggest a potential slowdown in momentum. The relative strength index (RSI) has slipped to around 58 on the 4-hour chart, indicating a retreat from overbought conditions. At the same time, the moving average convergence divergence (MACD) indicator has crossed marginally below its signal line, hinting at short-term cooling in buying interest.

HYPE is struggling to decisively clear the 127.2% Fibonacci extension at $85.94. This area has attracted increased selling pressure, with some investors locking in profits following the climb. Fibonacci retracement levels derived from the recent range between $51.20 and $76.93 suggest several possible support zones if prices retreat further. The closest support is around $82.40, and a confirmed drop below this level could push HYPE down to $76.93, or even toward the 50-day EMA at $71.55, which is close to the 78.6% retracement at $70.51.

Indicator/LevelCurrent ValueSpot Price$86127.2% Fibonacci Extension$85.94Support (recent)$82.4050-day EMA$71.55RSI (4h)58While HYPE’s price structure remains bullish, resistance near $90 and waning momentum could limit its ability to push higher in the short term.

A decisive breakout with a daily close above $89.61 would be needed to confirm renewed bullish momentum. Such a move may open the door for a further rally toward the 161.8% Fibonacci extension at $98.95 and would bring the symbolic $100 mark into play. For now, the uptrend is intact, but profit-taking and technical resistance could keep the token trading in a range near current levels as momentum consolidates.

This week could be the most consequential for the crypto market.

Technically, Bitcoin [BTC] started September with intense volatility. Following a 5% rally, which saw BTC crossing $82k, the price has struggled to reclaim the $80k level. With BTC losing the momentum at this level, a fresh bearish catalyst could induce violent selling pressure and subsequent waves of liquidations. 

Notably, this is where this week’s macroeconomic data will be critical. As the post below highlights, the impending inflation data could have a significant impact on rate expectations ahead of the September FOMC meeting, with the market remaining in limbo over the Fed’s next step. 

Source: X Against this backdrop, a hotter-than-expected print could prompt an immediate unwind of risk assets.

In this context, Bitcoin’s range-bound action could indicate that investors are sitting on the sidelines, with BTC unable to overcome resistance as traders “wait” for this week’s macro reports to come out before taking bigger positions. This leaves the setup increasingly fragile. 

If the volatility picks up, then smart money may take profits and step back from absorbing the selling pressure, causing BTC to fall even more significantly and leading to even greater liquidation. Thus, the critical question is whether Bitcoin’s resilience will be demonstrated and become a major theme for the rest of the month.

Bitcoin’s resilience faces its biggest macro test yet A key divergence is unfolding silently and is likely to have important implications on risk assets.

As one analyst noted, the U.S. 10-Year Treasury is providing significantly better income opportunity than the S&P500. S&P500 yield-to-10Y Treasury yield ratio has dropped to 0.22, one of the lowest levels on record. In other words, S&P500 dividends currently represent only 22% of the yield of the 10-year U.S. Treasury.

This means that investors can earn roughly 4.5x more yield on Treasuries compared to the S&P500’s dividend, making it increasingly attractive to shift capital from risky assets to safer bonds. However, this capital rotation hasn’t hit Bitcoin yet, reinforcing its underlying resilience.

Source: CryptoQuant As the chart above shows, Bitcoin is witnessing its highest buying pressure since the bear market started. The number has crossed $83 billion as it turns positive from March 2026, indicating that the spot buying pressure has improved substantially.

A similar pattern can be observed among institutional investors. The U.S. spot Bitcoin ETFs recorded their highest inflow day since January, with almost $731 million worth of BTC purchased on the 3rd of September. The buying interest grew, with almost $3.8 billion flowing into spot Bitcoin ETFs over the past three weeks.

Taken together, this suggests that unlike the S&P500, Bitcoin continues to see strong underlying demand. With the spot demand rising and institutional flows remaining strong, BTC’s resilience remains intact, potentially absorbing any selling pressure from this week’s macro catalysts.

Final Summary

10h11 ▪ 4 min read ▪ by Evans S.

Summarize this article with:

Bitcoin has just recorded a technical change that Bitfinex had been expecting for several days. According to the exchange, BTC’s weekly Super Trend has become bullish again for the first time since the start of the downward trend. The signal comes after the powerful rebound in August, which had brought the price from the $63,000 area to over $80,000.

In Brief Bitcoin’s weekly Super Trend has just flipped to bullish territory according to Bitfinex. On September 1st, the indicator was still bearish with a line around $79,600. The signal confirms a trend but does not guarantee a new price increase. Bitcoin Finally Crosses the Threshold Expected by the Super Trend The change did not happen suddenly. On September 1st, Bitfinex was still observing a bearish weekly Super Trend with a line around $79,600. Bitcoin was then trading less than $1,000 from this threshold. A few days later, the close above the line flipped the indicator.

This development happens while Bitcoin remains confronted with significant resistance around $82,000. On September 6th, BTC was still trading around $80,000 after failing to hold its move above this zone.

The Super Trend works with volatility, measured notably by the Average True Range, or ATR. When its line stays above the price, the trend is considered bearish. When it falls below the price, the indicator instead classifies the trend as bullish.

Bitfinex typically uses an ATR period of 10 and a multiplier of 3 as common parameters. The indicator therefore reacts less quickly than a simple daily move. The weekly flip indeed took several days.

The Weekly Signal Comes After the Daily Chart One The daily chart was ahead. In its analysis of September 3rd, Bitfinex indicated that the daily Super Trend was already bullish. Its line was then around $72,279, while Bitcoin was trading near $78,875. On the weekly chart, confirmation was still missing.

This difference comes from the indicator’s functioning itself. A daily candle reacts faster to a price change than a weekly candle. The daily signal can therefore appear several days before the underlying trend changes in turn.

Meanwhile, the market continued to progress. Bitcoin exceeded $82,000 on September 4th before returning around $79,000. This short-term loss of momentum was already noted despite several still favorable indicators.

This is where the reading becomes more interesting. The weekly Super Trend has turned bullish while some short-term indicators are already showing a slowdown. The two pieces of information are not contradictory: one measures a longer trend, the others react more to the latest sessions.

A Bullish Signal Does Not Guarantee a New Bitcoin Rise Bitfinex presents the Super Trend as a trend-following indicator, not as a tool capable of predicting bitcoin’s next price.

It can also produce false signals when the market trades in a narrow range. The exchange itself recommends confronting it with price structure, supports and resistances, as well as other indicators such as RSI, MACD, or moving averages. 

The $82,000 zone remains important. The market has already tried to break through it before retreating. Even higher, CryptoQuant had identified $83,000 as an important level to confirm a broader market regime change.

The two methods differ. CryptoQuant relies notably on demand data and on-chain indicators, while the Super Trend depends on price and volatility. Their current proximity nevertheless provides an additional reference. For Bitcoin, the change is real on the weekly chart: the indicator that Bitfinex was still watching below $79,600 has flipped. Now it will be necessary to see how long it stays under the price. That is what, more than a simple switch to green, will give weight to the signal.

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Evans S.

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Liquid Network suspended its activity on Sunday after self-identified white hat hackers withdrew approximately 4,000 Bitcoin from its federation wallet. The withdrawn funds, valued at $320 million, represented about 95% of the network’s reported Bitcoin reserves at the time of the incident.

Large-Scale Withdrawal Disrupts Network OperationsThe event, which took place on September 6, involved the federation wallet holding roughly 4,200 BTC before the unauthorized transaction. Liquid, a Bitcoin sidechain designed to facilitate fast and confidential asset transfers, had not confirmed the return of the funds as of its latest announcement.

A transaction associated with the incident included an on-chain message that stated, “We are whitehats. Contact us on chain.” Blockstream, the company responsible for developing the Liquid Network infrastructure, published a message on X indicating its efforts to communicate with the alleged white hat actors via a signed message on the Bitcoin blockchain. Details about these communications or the identities of those involved have not been disclosed.

Blockstream is working to contact the alleged white hats using an on-chain signed message, following the withdrawal of approximately 4,000 BTC from the Liquid Federation wallet.

Liquid asserted that the withdrawal was processed through the Peg-out Authorization Key (PAK) system but emphasized that neither the PAK key nor any other cryptographic keys were compromised in the breach.

Impact on Network and Security ResponseThe PAK mechanism allows only registered accounts and designated Bitcoin addresses to complete peg-out transactions. Peg-out is a process where LBTC, the network’s token, is destroyed so that an equal amount of Bitcoin can be released from the federation wallet. Despite these safeguards, the network was forced to turn off its bridge nodes, effectively halting user transactions across the network.

Bridge nodes act as connectors between network participants’ nodes and the federation’s specialized servers. The suspension meant that users could no longer interact with the Liquid blockchain, and crypto exchanges were notified to stop deposits and withdrawals of LBTC, the network’s Bitcoin-pegged asset. Some exchanges immediately implemented these restrictions, while others indicated they would follow soon.

Liquid stated that tokens such as USDT and DePix, as well as fiat representations on the sidechain, were unaffected by the breach. However, users were warned of potential disruptions in wallet services until normal operations resume.

The sidechain will remain offline while federation members work to resolve the incident and restore services.

How the Liquid Network WorksThe Liquid Network operates by allowing users to deposit Bitcoin into a federation-controlled wallet in exchange for receiving LBTC on the sidechain—a process known as peg-in. To convert back, users perform a peg-out, burning LBTC and releasing the equivalent Bitcoin from the reserve.

Blockstream’s documentation explains that 15 federation members, protected by hardware security modules, jointly control the reserve wallet. For Bitcoin to exit the reserve, at least 11 of these members must approve each peg-out transaction.

Liquid is built on Elements, an open-source platform based on the Bitcoin protocol but differing in that federation members, not miners, confirm blocks. Under normal circumstances, blocks are issued every minute.

In addition to LBTC, the Liquid Network supports a range of assets, including tokenized fiat currencies and securities. Its confidential transaction feature conceals transferred amounts and asset types from outside observers.

Founded in 2018, the Liquid Network aims to streamline asset exchange between participating brokers, exchanges, and traders. Launch participants included Bitfinex, OKCoin, BitMEX, and SIX Digital Exchange, and the network initially featured a two-minute settlement time for transactions.

Mini dictionary: Blockstream, a blockchain technology company founded in 2014, specializes in developing Bitcoin-related infrastructure and is responsible for building and maintaining the Liquid Network sidechain.

MetricBefore IncidentAfter IncidentBTC in Federation Wallet4,200~200Value of Withdrawn BTC–$320 millionNetwork StatusOperationalHaltedLBTC Deposits/WithdrawalsEnabledSuspended

Key Takeaways A collective 600 BTC valued at approximately $48 million transferred from wallets that had been inactive for more than 16 years These coins originated from mining activity in March 2010 during the era of 50 BTC block rewards Comprehensive blockchain analysis by Whale Alert covering all 12 mining rewards revealed no ties to Bitcoin’s creator, Satoshi Nakamoto A single coin transferred initially, suggesting a cautious test transaction before the larger movements Lookonchain previously detected seven wallets, accounting for 350 BTC that awakened after 16.5 years dormant A significant amount of Bitcoin extracted from the blockchain in March 2010 has suddenly been transferred for the first time in more than sixteen years, creating widespread discussion across cryptocurrency circles.

This past Saturday witnessed 12 previously inactive Bitcoin addresses collectively holding 600 Bitcoin initiate fund transfers. Based on today’s market valuation, this represents approximately $48 million in BTC.

7 miner wallets woke up after 16.5 years of inactivity and moved 350 $BTC ($28M) 6 hours ago.

These miners earned the 350 $BTC from mining in March 2010.

Wallets:
1LqKzBmdLGfEmvQPvzRQYBsb1VuBLFMeJ8
1Q9oY6c8T3KyjzrT7NVgx6qcoPXc3fU1R1
15VmQyGwCwiDmTk1e9jn2RbfGBLpusSJeP… pic.twitter.com/xa6c4NbqAf

— Lookonchain (@lookonchain) September 6, 2026

These digital assets originate from Bitcoin’s nascent period, when miners received 50 BTC for successfully validating each block. This reward structure has undergone four halving events since then, currently standing at 3.125 BTC per block following the most recent halving in April 2024.

Given the 2010 timestamp—a timeframe when Bitcoin’s enigmatic founder Satoshi Nakamoto remained actively engaged with the project—speculation immediately emerged regarding potential connections to the cryptocurrency’s originator.

Nakamoto maintained active participation in Bitcoin’s evolution throughout 2010 before gradually stepping back from public involvement. The final confirmed correspondence attributed to Nakamoto occurred in April 2011.

Investigation Rules Out Satoshi Connection Whale Alert, a specialized blockchain surveillance service, conducted thorough research into all 12 block rewards and determined there’s no association with Nakamoto.

ℹ️ ℹ️ ℹ️ Yesterday's dormant transactions were made by addresses that mined 50 bitcoin:native in blocks 43361, 43452, 43647, 43680, 43765, 43855 and 43871.

According to our research, none of these blocks were mined by Satoshi. Read more about it here:https://t.co/TzCdHiPBOG

— Whale Alert (@whale_alert) September 6, 2026

“Our research indicates that none of these blocks have any connection to Satoshi,” a representative from Whale Alert confirmed to Cointelegraph.

The organization had initially examined seven of the twelve rewards and arrived at identical conclusions. Their most recent investigation expanded the analysis to encompass the complete collection.

Lookonchain, another blockchain intelligence service, had separately identified seven mining wallets that moved 350 BTC following 16.5 years of dormancy. These addresses were similarly connected to the March 2010 mining timeframe.

Analysts emphasize an important distinction: coins from the “Satoshi era” don’t automatically qualify as “Satoshi’s coins.” This differentiation carries weight because narratives connecting dormant holdings to Nakamoto frequently trigger speculative market reactions.

Transaction Sequence Reveals Deliberate Approach Whale Alert identified an interesting irregularity in how these transfers executed.

Among the 12 rewards, one moved noticeably ahead of the others. According to the platform, this sequence resembles a test transaction methodology, where someone verifies functionality before committing to larger value transfers.

Such behavioral patterns indicate careful preparation rather than an indiscriminate simultaneous withdrawal from all addresses.

Blockchain investigators remain limited to publicly visible ledger data without access to private cryptographic keys or supplementary off-chain intelligence.

Whether additional wallets from the identical mining era will exhibit similar activity remains an open question.

Based on current evidence, Whale Alert’s investigation provides no substantiation for theories connecting this week’s transactions to Satoshi Nakamoto.

The funds have relocated. The controller’s identity stays concealed.

Key Takeaways Approximately 4,000 BTC valued at $320 million was extracted from Liquid Network’s federation wallet by individuals claiming to be ethical hackers The vulnerability originated from a code flaw in Elements, the open-source framework underlying Liquid, rather than from compromised cryptographic keys The extraction occurred via SideSwap, an authorized trading interface, which complicated early detection efforts The individuals responsible are engaging with Blockstream through blockchain-based Bitcoin messages and have pledged to restore the assets following vulnerability remediation Additional digital assets on the platform, including USDT, remained unaffected by the incident Liquid Network, a Bitcoin layer-2 solution utilized by cryptocurrency exchanges for accelerated transaction settlement, has suspended all network activity following the extraction of approximately $320 million in Bitcoin by actors identifying themselves as ethical security researchers.

We are aware of a security incident on @Liquid_BTC. Purported white-hat hackers have withdrawn ~4,000 BTC (~$320 million) from the Liquid Federation wallet. The @Blockstream team is working on contacting them on-chain with a signed message.

What we know so far is that the funds…

— Liquid Network 🌊 (@Liquid_BTC) September 6, 2026

The security breach occurred on Sunday, September 7, when individuals claiming white-hat status removed roughly 4,000 of the 4,200 Bitcoin stored within Liquid’s federated custody system. This represents approximately 95% of the network’s entire Bitcoin reserves.

Understanding Liquid Network Blockstream introduced Liquid Network in 2018 as a Bitcoin sidechain solution engineered to enable cryptocurrency exchanges to execute settlements more rapidly than the primary Bitcoin blockchain permits.

JUST IN: 4,000 Bitcoin worth $320 million withdrawn following Liquid Network hack.

The hacker is now communicating with network maintainers through on-chain Bitcoin transactions & intends to return the $BTC after the vulnerability is fixed. pic.twitter.com/OXpS1X3oqK

— Watcher.Guru (@WatcherGuru) September 7, 2026

The platform generates L-BTC tokens, which maintain a 1:1 peg with actual Bitcoin secured in a federated wallet structure. This federation comprises over 80 participating entities, including cryptocurrency exchanges, blockchain infrastructure providers, and institutional asset management firms.

The extraction of nearly the complete reserve has sparked significant concerns regarding the security architecture of this settlement framework.

Technical Details of the Security Breach Unlike most cryptocurrency security incidents this year, this breach did not result from credential theft or private key compromise.

Rather, a critical vulnerability in Elements—the open-source codebase powering Liquid—enabled the generation of Bitcoin units without proper backing. These improperly created assets were subsequently transferred through SideSwap, a legitimate and authorized trading interface operating on the network.

SideSwap representatives confirmed their Peg-out Authorization Key remained secure and uncompromised. The platform stated it lacked the capability to distinguish between legitimately backed coins and those generated through the vulnerability, resulting in uniform processing of all withdrawal requests.

Cybersecurity experts have identified the vulnerability as existing within the node-level transaction processing software of Liquid, distinct from hardware security modules or cryptographic key management infrastructure.

The individuals responsible have transmitted blockchain-inscribed Bitcoin messages directly to Blockstream. One communication stated: “Please fix the bug first. Make sure every node is patched. Then we will transfer the money back safely after confirming the fix.”

According to Galaxy Digital’s head of research, Alex Thorn, the hackers have also transmitted encrypted technical documentation to Blockstream to facilitate identification and remediation of the security flaw.

As of this publication, the extracted Bitcoin remains unreturned and the network continues to operate under suspension. Bridge node infrastructure has been deactivated, and participating exchanges have either suspended or initiated procedures to halt L-BTC deposit and withdrawal functionality.

Liquid representatives confirmed that alternative digital assets hosted on the network, including Tether (USDT), DePix, and tokenized real-world assets, experienced no impact from this incident.

This security event arrives just days after a $6 million exploit targeting a decentralized lending protocol associated with Crypto.com, and follows earlier security incidents involving Coldcard hardware wallet devices. Blockstream has not disclosed a projected timeline for network restoration.

TLDR: CZ says Bitcoin could overtake gold in importance as nations adopt it as a reserve asset. Gold’s advantage comes from custody and reserve systems already built, not the metal itself. CZ expects Bitcoin to approach $1 million sooner than most current market forecasts suggest. CZ urges governments to set clear crypto rules and weigh national Bitcoin reserve plans soon. Bitcoin may overtake gold in importance during the next bull run, according to Binance founder Changpeng Zhao.

Speaking at a Bitcoin Asia fireside chat published by Bitcoin Magazine on Aug. 28, 2026, CZ said Bitcoin’s rise past gold depends on wider adoption as a strategic reserve asset among nations. He explained that gold’s advantage today comes from established systems, not from the asset itself.

Why Gold’s Lead Is Structural, Not Permanent CZ said the real resistance to Bitcoin overtaking gold lies in existing infrastructure. Countries have spent decades building mature valuation, custody, and reserve systems around gold.

Replacing those systems takes time, particularly for large economies with established financial structures already in place.

Even so, CZ said Bitcoin holds the stronger long-term position between the two assets. He identified only one real risk to that outlook: a more advanced digital asset appearing before Bitcoin can close the gap with gold. He described that possibility as unlikely under current conditions.

Price served as a secondary marker of this shift. CZ said Bitcoin could reach $1 million sooner than most forecasts suggest, tied closely to broader adoption trends. He linked that trajectory to Bitcoin’s expanding role in national reserves and retirement pension funds.

Utility, not price alone, will decide the pace of that flip, CZ added. He pointed to large-scale payments as the clearest signal of Bitcoin closing the distance with gold. Markets tend to underestimate how much infrastructure can shift over extended periods, he said.

What Needs to Happen Before Bitcoin Overtakes Gold Government behavior plays a direct role in this transition, CZ explained. Bitcoin itself does not weaken or strengthen state power, he said, since outcomes depend on individual government choices and policy direction.

CZ noted that more governments are starting to treat Bitcoin as a serious reserve candidate, even where formal regulation still lags.

Older officials shaped by negative coverage tend to adopt new technology more slowly, though he said that pattern is beginning to change.

To speed the shift, CZ recommended governments set clear crypto rules, weigh national Bitcoin reserves, and explore stablecoins or tokenized assets.

He cited the UAE, United States, Japan, and Hong Kong as examples of progressive movement, each pursuing a different strategy.

CZ also connected the flip scenario to emerging technology. He expects AI agents to transact increasingly in crypto, starting with stablecoins before extending to Bitcoin.

In that framing, Bitcoin functions primarily as a savings asset, positioned to gain ground on gold as global trust in digital reserves builds through broader institutional and governmental participation.

29 minutes ago

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.

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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.

8 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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Amendment Clears Threshold With Days to GoThe XRP Ledger is approaching a significant protocol upgrade. The fixCleanup3_3_0 amendment holds 82.86% validator support, with 29 of 35 validators casting yes votes, and is on track to activate on the mainnet on September 11 if that backing holds through the final days of the voting window.

The amendment entered voting on August 6 and first crossed the 80% support mark on August 28, triggering the two-week activation countdown. That countdown now has five days left to run.

Activation is not guaranteed. If support slips to 80% or below at any point, the amendment is rejected and the 14-day window resets from scratch. September 11 is the earliest possible date, not a fixed deadline.

What the Upgrade Actually ChangesThe fixCleanup3_3_0 amendment is a bundled collection of 11 fixes spanning Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, Checks and pseudo-accounts. Rather than introducing a new headline feature, the upgrade focuses on hardening existing functionality across several interconnected components.

Among the changes, freeze and deep-freeze checks are unified for transfers involving pseudo-accounts across multiple vault, AMM and lending transactions. The upgrade also addresses order-book edge cases: hybrid offers will no longer be removed from the open order book when the account that placed them loses access to a permissioned domain, and AMM liquidity will factor into quality estimates for permissioned DEX order books. Additional precision and rounding fixes apply to Single Asset Vaults and the Lending Protocol.

The amendment follows two earlier fix upgrades, fixCleanup3_1_3 and fixCleanup3_2_0, which activated on the XRPL mainnet in May and July respectively. The pattern reflects a steady maintenance cadence on the ledger's newer feature set, with each software release shipping a bundle of corrections that validators then vote through on their own schedule.

Under the XRP Ledger's amendment system, protocol changes are written into server software in a disabled state and stay disabled until validators vote them on. Once an amendment holds above 80% support for a continuous two-week period, it activates automatically and applies permanently to all subsequent ledger versions, with no hard fork or manual coordination required.

Sources:
U.Today: Five Days Left: Major XRP Fix Upgrade Set for September Activation
CoinOtag: XRP Ledger fixCleanup3_3_0 Nears Sept. 11 Activation at 82.86% Validator Support
XRPL.org: Known Amendments

One billion tokens hit the open market on September 1. Instead of dumping, XRP rallied. The monthly escrow release that once spooked retail traders has become background noise for an asset that just logged its strongest on-chain quarter in years.

Summary

Ripple released 1 billion XRP (worth roughly $1.38 billion) from escrow on September 1, 2026, reducing locked supply to 31.28 billion tokens. XRP climbed 28.5% in August, its best August since 2021, touching $1.70 before settling near $1.42, absorbing the escrow release without flinching. Payment volume on the XRP Ledger surged 521% in a single week in late August, driven by larger institutional-scale transfers rather than retail activity. Spot XRP ETFs, approved in March 2026, pulled in $153.55 million in August alone, with $150.28 million arriving in the final two weeks. RLUSD, Ripple’s stablecoin, crossed $2.32 billion in market cap, cementing its position as the dominant stablecoin on XRPL and a growing force on Ethereum. For eight years, Ripple’s monthly escrow unlock has played out like clockwork. On the first day of every month, the XRP Ledger’s built-in escrow contracts release up to 1 billion XRP into Ripple-controlled wallets. Each time, a wave of anxious posts floods social media. Each time, traders brace for a dump that rarely arrives. And each time, the market moves on.

September 1, 2026, was no different in mechanics. Whale Alert flagged three transactions: 500 million, 400 million, and 100 million XRP, all released from escrow within minutes. The total haul was worth about $1.38 billion at the time. What was different, though, was everything around it.

XRP had just posted its best August in five years. Active addresses on the ledger were at all-time highs. Spot ETFs were pulling in nine-figure inflows. Ripple, freed from its four-year SEC battle, was signing deals with names like Deutsche Bank and JPMorgan. The billion-token release landed in a market that was not scared of it anymore, and for good reason.

This is the story of how the scariest thing about XRP became one of the least interesting.

The anatomy of a billion-token unlock The escrow program dates back to December 2017, when Ripple locked 55 billion XRP into time-based contracts on the XRP Ledger. The idea was straightforward: remove the supply overhang that critics used to argue XRP was centrally controlled. The protocol would release up to 1 billion tokens on the first of each month, and anything Ripple did not sell would go back into escrow at the end of the queue.

Nine years later, the program has released tens of billions of XRP. Ripple’s escrow balance has dropped from 55 billion to 31.28 billion as of the September release, according to crypto.news data on XRPL escrow mechanics. But the net effect on circulating supply has been modest. Ripple typically re-escrows 700 to 900 million XRP each month, leaving only 100 to 300 million for operational use, OTC liquidity deals, or institutional payments.

The math is simple. A billion tokens sound alarming. But when 70 to 90 percent go right back into lockup, the actual supply entering the market is a fraction of the headline number. Historical data backs this up: monthly escrow releases have produced average 7-day price swings of negative 3.1% to positive 1.7%, with 30-day volume bumps of 15 to 22 percent. Not nothing, but not the catastrophic sell events that early critics predicted.

Compare that to traditional equity markets. When a public company’s lockup period expires and insiders can sell, the stock often drops 5 to 15 percent in a single session. XRP’s monthly unlock is milder than a typical IPO lockup expiry. The difference is predictability. Everyone knows when the tokens are coming. Everyone knows how many. And everyone knows Ripple’s historical re-escrow behavior. There is no information asymmetry, which means there is no panic.

What changed in 2025 and 2026 is the market’s understanding of this pattern. Early on, every unlock triggered panic selling by traders who saw a billion-token dump incoming. Now the unlock is priced in, discussed in advance, and absorbed within hours. The September release barely moved the needle. XRP was trading at $1.38 when the tokens unlocked and was at $1.42 five days later.

August’s 28% rally and what powered it To understand why the escrow release landed softly, you need to understand what August looked like for XRP.

The token entered August near $1.10, having spent most of the summer in a grinding consolidation. By mid-August, something shifted. Whale accumulation picked up sharply. Spot ETF inflows, which had been trickling in since the March 2026 approvals, turned into a firehose. And on-chain metrics started flashing signals that had not appeared since the post-settlement euphoria of late 2025.

By August 28, XRP had touched $1.70, a 28.5% gain for the month and its strongest August performance since 2021. Nearly all the momentum arrived in the final two weeks, coinciding with $150.28 million in ETF inflows during that stretch. The total August ETF inflow figure hit $153.55 million, meaning the first half of the month contributed less than $4 million.

The pattern suggests institutional buyers, not retail speculators, drove the move. Retail volume on major exchanges actually declined slightly during the rally. The money came from funds, from ETF creation baskets, and from OTC desks serving institutional clients. That is a fundamentally different kind of buying pressure than the speculative waves that defined previous XRP rallies.

As of September 6, XRP sits near $1.42. It gave back some of the August gains, which is consistent with a historical pattern: in seven of the last eight years, XRP’s September has moved in the opposite direction of its August. Both times August rose, September fell, dropping 14% in 2020 and 19.6% in 2021. Whether that pattern holds this time depends on factors that previous Septembers did not have, including spot ETFs, institutional pipelines, and a Fed meeting on September 15 and 16 with fresh projections.

There is a reasonable argument that the seasonal pattern breaks this year. In 2020 and 2021, XRP had no ETFs, no regulatory clarity, and an active SEC lawsuit hanging over it. The buyers were almost entirely retail. This time, the August rally was driven by ETF creation baskets and OTC institutional flows. That type of capital does not rotate out on a monthly candlestick pattern. It stays because it was allocated with a multi-quarter or multi-year time horizon. The seasonal bears might be right on a short-term pullback, but calling for a 15 to 20 percent September decline requires ignoring every structural change that has happened in the past 12 months.

The 521% payment volume spike, explained On August 26, the XRP Ledger recorded a payment volume surge that grabbed headlines: a 521.1% increase, pushing daily payment volume to roughly 488.4 million XRP. Numbers like that sound transformative. The reality is more nuanced, but still meaningful.

The number of individual payment transactions actually fell 10.5% that day, to around 388,900. What spiked was the size of each transaction. Fewer payments, but each one carrying dramatically more value. This points to institutional or enterprise-scale activity: treasury movements, cross-border settlement batches, or large OTC transfers.

Crypto.news reported that XRP had its best month since the SEC settlement, and the on-chain data supports that framing. Active addresses on the XRP Ledger hit 2.26 million in August, more than double July’s 1.02 million. The 7-day moving average for daily active addresses reached 1.34 million, a new all-time high, surpassing the previous record of 1.22 million set in March 2025.

JUST IN: Ripple Prime expands HyperLiquid integration with HIP-3 symbols, institutions now get onchain perps for gold, silver & oil pic.twitter.com/bH77x5ClGu

— crypto.news (@cryptodotnews) March 31, 2026 Total value locked on the XRP Ledger rose from $32.31 million in July to $44.42 million in August. That figure looks small compared to Ethereum or Solana, but the trajectory matters more than the absolute number. XRPL was never designed to be a DeFi playground. Its core use case is payments, and the payment volume numbers tell a story of growing real-world usage at scale.

The 521% spike was not a sign that XRPL usage sextupled overnight. It was a sign that the entities using the ledger are moving bigger money. And bigger money, in the world of cross-border payments, is precisely what Ripple has been building toward for a decade.

Post-settlement Ripple is a different company On August 11, 2025, the SEC and Ripple Labs jointly dismissed their appeals, ending a legal battle that had consumed both parties since December 2020. Ripple paid $125 million in fines. XRP spiked 11% on the news. But the real impact was not the price jump. It was what happened in the months after.

The settlement preserved a crucial judicial ruling: XRP sold on public exchanges does not qualify as a security. Institutional sales remain subject to securities law, but the secondary market got a clean bill of health. That distinction gave XRP a level of regulatory clarity that most competing tokens still lack, and it opened doors that had been bolted shut for years.

Within months of the settlement, Ripple closed its $1.25 billion acquisition of Hidden Road, creating the first crypto-native global prime brokerage. The deal, announced in April 2025 and closed in October, brought clearing, financing, and multi-asset market access under the Ripple umbrella. Hidden Road, now operating as Ripple Prime, has tripled in size since the acquisition, with client collateral doubling and average daily transactions climbing past 60 million.

Ripple did not stop there. The company went on an acquisition spree, spending roughly $4 billion total on deals including GTreasury, Rail, Standard Custody, and Palisade. It secured conditional approval for a national trust bank. It raised at a $50 billion valuation. This is not the scrappy fintech startup that spent four years fighting the SEC. This is a company building a full-stack financial infrastructure play, and the settlement made all of it possible.

The ETF effect and institutional pipeline When the SEC approved multiple spot XRP ETFs in March 2026, skeptics wondered whether anyone would actually buy them. Bitcoin and Ethereum ETFs had the advantage of broad name recognition. XRP was the asset that had been labeled a potential security for years. Would institutional allocators touch it?

The answer came quickly. Within 60 days, cumulative inflows into spot XRP ETFs exceeded $1.5 billion, making them the fastest crypto ETF category to reach that milestone since the Ethereum ETF launch in 2024. Products from Bitwise, 21Shares, and Canary Capital led the pack.

The approval was made possible by two regulatory shifts. The CLARITY Act, which passed in early 2026, provided the legislative framework for digital commodity classification. And the SEC and CFTC jointly classified XRP as a digital commodity under the same framework used for Bitcoin and Ethereum spot ETFs. For institutional investors who had been waiting for unambiguous legal status before allocating, the ETF approvals were the green light.

The corporate treasury pipeline also opened. Evernorth now holds $1 billion in XRP reserves. Trident Digital Tech Holdings holds $500 million. Webus International added $300 million. These are not speculative bets by crypto-native funds. These are corporate balance sheet allocations, the kind of money that tends to stay put.

Institutional trading volumes spiked 208% following the settlement and ETF approvals, reaching $12.40 billion. That volume has not retreated much since. The market structure around XRP has shifted from retail-dominated to institutionally anchored, and that shift explains why events like the monthly escrow unlock barely register anymore.

RLUSD and the stablecoin flywheel Ripple’s stablecoin, RLUSD, launched in December 2024. By September 2026, it has reached a $2.32 billion market cap, with $963 million issued on the XRP Ledger and $1.1 billion on Ethereum. For context, it took USDC years to reach that level. RLUSD did it in under two years.

The growth is not accidental. Ripple wired RLUSD directly into its institutional infrastructure. Through Ripple Prime (the rebranded Hidden Road), RLUSD became the first stablecoin to enable cross-margining between digital assets and traditional markets. Institutional clients using Ripple Prime can post RLUSD as collateral for FX, derivatives, and fixed income trades. That is not a crypto use case. That is a capital markets use case, and it explains why the stablecoin is growing so fast.

Transfer volume hit $18.4 billion in Q1 2026 alone, with more than 55% of that activity concentrated in March. RLUSD now holds 88% of all stablecoin liquidity on the XRP Ledger. Partnerships with Mastercard, JPMorgan, OKX, and Ondo Finance have expanded its reach into spot trading, derivatives, and tokenized finance.

The flywheel works like this: more RLUSD adoption means more transaction volume on XRPL, which means more demand for XRP as a bridge asset, which attracts more institutional participants, who bring more RLUSD demand. Each piece reinforces the others. And unlike speculative token demand, stablecoin-driven demand tends to be sticky. Once a treasury operation is built around RLUSD rails, switching costs are high.

The partnership map Ripple’s partnership strategy in 2026 reads like a company that no longer needs to prove it belongs in traditional finance. It is already there.

February 2026 was the landmark month. Deutsche Bank integrated Ripple’s payment infrastructure for cross-border transfers and FX operations. Aviva Investors partnered to tokenize fund structures on the XRP Ledger. Societe Generale’s SG-FORGE launched its euro stablecoin EURCV on XRPL. Zand signed on for stablecoin solutions. Figment expanded custody services.

In July, the next wave arrived: Mastercard, JPMorgan, OKX, and Ondo Finance. Each partnership targets a different piece of the financial stack. Mastercard brings card network integration. JPMorgan brings interbank settlement. OKX brings exchange liquidity. Ondo Finance brings tokenized treasuries.

In Asia, Ripple secured its third Korean partnership with Jeonbuk Bank for cross-border transfers, following deals with K Bank and Kyobo Life Insurance. Ripple Payments now handles more than $15 billion a month through on-demand liquidity, working with over 300 institutions across 55 countries.

The XRP Ledger itself is evolving. Ripple’s FinTech Builder Program supports startups building institutional-grade applications on XRPL, providing structured support from product design through market launch. The ledger has processed 2 million AI-agent payments, a small but growing use case as autonomous agents need fast, cheap settlement rails. When two AI systems need to settle a microtransaction in under four seconds with fees measured in fractions of a cent, the XRP Ledger is one of the few networks that can do it without congestion or fee spikes. Upcoming protocol upgrades include enhanced privacy features, improved programmability, and greater interoperability with other blockchains using zero-knowledge technology, with on-chain lending as a major development focus.

The AI payments angle deserves attention. Ripple Payments handled $1.3 trillion in transactions in Q2 2025 alone, working with more than 300 institutions across 55 countries and moving roughly $15 billion a month through on-demand liquidity. If even a small fraction of AI-agent commerce routes through XRPL over the next two years, the transaction volume numbers will look very different than they do today.

Three conditions analysts say XRP needs for sustained recovery are all being met: regulatory clarity, institutional adoption, and network utility growth. The question is no longer whether XRP has a use case. It is whether the market will price the use case in before or after the next macro catalyst.

Why the escrow narrative died There was a time, not long ago, when Ripple’s escrow program was the single biggest bear case against XRP. Critics argued that 1 billion tokens hitting the market every month created permanent sell pressure. They pointed to Ripple’s balance sheet, which held (and still holds) billions of XRP, as evidence that the company was dumping on retail investors.

That narrative has collapsed for three reasons.

The re-escrow rate has been consistent. Ripple has re-locked 70 to 90 percent of every monthly release for years. The net addition to circulating supply is a fraction of the headline number. In January 2026, Ripple re-escrowed roughly 700 million of the 1 billion released. The pattern has been so consistent that it is now baked into every serious valuation model.

The market grew into the supply. When the escrow program started in 2017, XRP’s total market cap was a fraction of what it is today. A billion-token release represented a meaningful percentage of daily volume. Now, with XRP’s market cap around $82 billion and daily trading volume regularly exceeding $1 billion, the monthly release is proportionally much smaller. The market can absorb it without disruption.

Institutional demand created a floor. ETF creation baskets, corporate treasury allocations, and Ripple Prime’s collateral requirements all create ongoing demand for XRP. That structural demand did not exist in 2018 or 2020 or even 2024. It exists now, and it acts as a sponge for newly unlocked supply.

The escrow unlock is not bullish or bearish. It is a scheduled, predictable, well-understood event in a market that has moved far beyond the point where supply-side scares drive prices. The September 1 release proved it. A billion tokens were unlocked, and XRP went up.

What to watch The next few weeks will determine whether XRP holds its August gains or follows the historical September pattern of giving them back. Here are the signals that matter:

Fed meeting, September 15 to 16. The Federal Reserve’s September meeting includes fresh economic projections and a dot plot update. A dovish shift could fuel risk assets broadly. A hawkish surprise would pressure everything, including XRP.

ETF flow direction. August saw $153.55 million in inflows. If September maintains that pace, XRP likely holds above $1.35. If flows reverse, the $1.20 support level comes into play.

RLUSD market cap trajectory. The stablecoin crossing $2.5 billion would signal continued institutional adoption. A stall or decline would raise questions about the sustainability of the XRPL flywheel.

On-chain activity. Active addresses staying above 1.3 million on a 7-day average would confirm that August was a structural shift, not a temporary spike.

Ripple Prime volume. Hidden Road’s rebranded prime brokerage is processing 60 million daily transactions. Growth in that number is a direct proxy for institutional engagement with the Ripple ecosystem.

October 1 escrow release. Another billion tokens will unlock. The market’s reaction, or lack of reaction, will confirm whether the escrow narrative is truly dead or merely dormant.

Disclaimer: This article is for informational and educational purposes only. It does not constitute financial, investment, or legal advice. Cryptocurrency investments carry significant risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Published September 7, 2026.

How much XRP did Ripple unlock from escrow on September 1, 2026? Ripple released exactly 1 billion XRP from escrow on September 1, 2026, in three separate transactions of 500 million, 400 million, and 100 million tokens. At the time of release, the tokens were worth approximately $1.38 billion. Ripple’s total escrow balance dropped from 32.28 billion to 31.28 billion XRP as a result.

Does the monthly escrow unlock crash XRP’s price? Historical data shows that monthly escrow releases produce average 7-day price swings of negative 3.1% to positive 1.7%. The September 2026 release had essentially no negative impact, with XRP trading higher five days after the unlock. Ripple typically re-escrows 700 to 900 million XRP each month, so the net supply entering the market is 100 to 300 million tokens, not the full billion.

What are XRP spot ETFs and how much money have they attracted? The SEC approved multiple spot XRP exchange-traded funds in March 2026, including products from Bitwise, 21Shares, and Canary Capital. Within 60 days, cumulative inflows exceeded $1.5 billion. In August 2026 alone, spot XRP ETFs attracted $153.55 million in new investment, with the majority arriving in the final two weeks of the month.

What is RLUSD and why does it matter for XRP? RLUSD is Ripple’s USD-backed stablecoin, launched in December 2024. It has reached a $2.32 billion market cap, with tokens issued on both the XRP Ledger and Ethereum. RLUSD matters because it drives transaction volume on XRPL, creates demand for XRP as a bridge asset, and serves as institutional collateral through Ripple Prime. It holds 88% of all stablecoin liquidity on the XRP Ledger.

How did the Ripple SEC settlement affect XRP? The SEC and Ripple jointly dismissed their appeals in August 2025, ending a legal battle that began in December 2020. Ripple paid $125 million in fines. The settlement preserved a key ruling: XRP sold on public exchanges is not a security. This gave XRP regulatory clarity that most competing tokens lack and opened the door for ETF approvals, corporate treasury allocations, and institutional adoption at scale.

What caused the 521% payment volume surge on the XRP Ledger? On August 26, 2026, payment volume on the XRP Ledger spiked 521.1% to roughly 488.4 million XRP. The surge was driven by larger individual transactions rather than more transactions (the number of payments actually fell 10.5%). This pattern suggests institutional or enterprise-scale activity, such as treasury movements or cross-border settlement batches, rather than a broad increase in retail usage.

What is Ripple Prime and how does it relate to XRP? Ripple Prime is the rebranded Hidden Road, which Ripple acquired for $1.25 billion in 2025. It is the first crypto-native global prime brokerage, offering institutional clients clearing, financing, and access to FX, derivatives, fixed income, and digital asset markets. Hidden Road migrated its post-trade activity to the XRP Ledger and uses RLUSD for cross-margining, creating structural demand for both XRP and RLUSD.

Is XRP a good investment right now? XRP is in a stronger structural position than at any previous point in its history, with regulatory clarity, approved spot ETFs, institutional adoption, and growing network utility. The token trades near $1.42 as of September 6, roughly 57% below its July 2025 cycle high of $3.65. Whether it represents a good investment depends on individual risk tolerance, time horizon, and portfolio allocation strategy. This is educational analysis, not investment advice.

Is XRP a good investment right now? XRP is in a stronger structural position than at any previous point in its history, with regulatory clarity, approved spot ETFs, institutional adoption, and growing network utility. The token trades near $1.42 as of September 6, roughly 57% below its July 2025 cycle high of $3.65. Whether it represents a good investment depends on individual risk tolerance, time horizon, and portfolio allocation strategy. This is educational analysis, not investment advice.

Crypto analyst Philanthrop has argued that the current focus on $XRP price fluctuations between $1 and $10 distracts from what he sees as the token’s long-term potential. According to Philanthrop, a fundamental transformation for XRP will only occur if the cryptocurrency reaches an unprecedented $1,000 valuation.

Retail trading versus institutional infrastructurePhilanthrop draws a clear distinction between XRP’s function as a retail trading asset and its possible future as institutional infrastructure. He views the $1–$10 price range as typical of retail assets—driven by sentiment, short-term trades, and speculation.

In this band, investors buy and sell based on daily moves, technical signals, and momentum. The price action is largely determined by how individual traders react to market swings. This environment, Philanthrop suggests, is straightforward and familiar to anyone observing retail crypto markets.

However, Philanthrop claims that if XRP’s value were to surpass $1,000, a different scenario would unfold. He describes this level as “infrastructure pricing,” indicating that XRP would evolve from a speculative asset to a fundamental tool for large-scale, institutional value transfer.

He notes that, in such a scenario, XRP’s value would be based less on speculative excitement and more on the necessity for institutions to move substantial sums efficiently. The pricing framework, in this case, derives from utility and volume rather than retail psychology.

Utility-driven value and the Bitcoin cyclePhilanthrop contends that XRP’s path toward $1,000 would require a reimagining of its use case in global finance. He outlines a scenario in which XRP becomes indispensable for cross-border settlements, driving demand among financial institutions rather than retail traders.

To support his argument, Philanthrop references recurring Bitcoin cycles consisting of multi-year bull runs and corrections. He suggests that these patterns could set a precedent for similar movements in XRP, particularly if the asset gains new levels of adoption within financial infrastructure.

The analyst cautions that present-day observers often misprice XRP due to their focus on current market conditions and retail trading behavior. He characterizes this as “the biggest mistake,” emphasizing that potential future utility could eclipse all previous valuation models.

Acceleration in crypto and real-world asset tokenizationWhile digital assets like $XRP remain closely monitored by both retail and institutional players, Philanthrop’s framework emphasizes the importance of watching critical transition points and major resistance levels. In broader financial markets, the adoption of Web3 platforms such as 1stepSwap is accelerating changes in how assets are held and transacted. Investors now directly store shares of major U.S. companies, gold, and silver in crypto wallets, bypassing traditional brokers. This shift is powered by real-world asset tokenization and automated pricing technologies that remove intermediaries and enable direct, instantaneous market exposure.

Roadmap to institutional adoptionPhilanthrop points out that the transition from $2 to $3 in XRP’s price is less significant than a transformation from retail use to institutional necessity. He is explicit in stating that this shift has not yet happened, but considers it the critical trend to observe. If XRP’s operational role expands, the pricing mechanisms, he says, would dramatically change to reflect new forms of demand and utility.

Timing also plays a role. Philanthrop believes that if the transition does take place, retail participants may only become aware of it after significant repricing has already begun. This, he suggests, could mean that the most meaningful phase of price development arrives discreetly and catches many off guard.

He asserts that as soon as XRP pivots from speculation to critical infrastructure in financial settlements, its valuation will be recalculated according to entirely new criteria. At that point, retail trading patterns will have little influence on overall price discovery.

PC: San Francisco State University

A self-made billionaire couple gave San Francisco State University a $25 million gift, with a large portion of the donation made in XRP, making it one of the biggest cryptocurrency contributions to US higher education at the time.

Chris Larsen, an SF State alumnus, and his wife Lyna Lam donated to the Rippleworks Foundation in April 2019. The gift established funds for the university’s College of Business and supported new initiatives focused on innovation, entrepreneurship and financial technology. According to San Francisco State University, the XRP contribution was the institution’s first digital asset donation and ranked among the largest digital asset gifts made to a US university.

The donation also led California State University to rename the College of Business the Lam Family College of Business. The couple had supported SF State since 2001, with previous contributions exceeding $800,000 for scholarships, education, science and business initiatives.

How did San Francisco State get its first $25 million XRP donation

In April 2019, San Francisco State University President Leslie E. Wong announced the $25 million donation from Chris Larsen, Lyna Lam and the Rippleworks Foundation.

The gift established the Chris Larsen and Lyna Lam Funds for the College of Business, intended to strengthen the college’s ability to respond to changes in the business sector. The university said the contribution would also help prepare students for careers as business innovators and entrepreneurs.A large portion of the donation was made in XRP, which the university described as the first digital asset donation in SF State’s history.

The gift was also among the largest donations made in digital assets to a US university at the time. The use of XRP distinguished the contribution from conventional university donations made through cash, securities or other traditional assets. At the same time, the funds were directed towards the university’s business education and innovation programmes.

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The $25 million gift led to a college renaming

The contribution also resulted in the renaming of San Francisco State University’s College of Business.

California State University announced that the college would become the Lam Family College of Business in recognition of the Lam-Larsens’ long-term support and generosity. Chris Larsen, who graduated from SF State with a Bachelor of Science degree in 1984, and Lyna Lam had supported the university since 2001.The $25 million contribution was part of the couple's broader record of giving. Larsen and Lam had donated more than $800,000 to scholarships, education, science and business initiatives across the university, in addition to their gifts to the College of Business.

Their previous support included the Chris Larsen Scholarship Fund in the Graduate College of Education and funding for initiatives in the Biology Department within the College of Science and Engineering.

Donation launched five new business initiatives

Part of the donation established the Lam-Larsen Fund for Global Innovation. The fund was created to bring students, faculty, alumni and outside experts together across disciplines to exchange ideas, explore entrepreneurship and work on solutions to practical problems.

The university said the programme was intended to encourage global awareness while helping students develop an understanding of innovation and responsible business leadership.The fund supported five new initiatives within the College of Business: the Innovation and Entrepreneurship Initiative, Emerging and Developing Economies Initiative, Financial Technology Initiative, Business and Education Technology Initiative, and Centre for Workforce of the Future.

These initiatives were designed to expand opportunities for students and faculty to work across areas including entrepreneurship, financial technology, education technology and workforce development.

Gift honoured Lyna Lam’s family history

The university’s account of the donation also links the Lam-Larsen family’s support to Lyna Lam’s family history. The Lam family, including Lyna’s father Quang Lam, left Cambodia after he led his family’s escape from war and genocide.

The family spent time in refugee camps in Thailand and the Philippines before immigrating to the United States and settling in the Bay Area. The university said the Lam Family College of Business was named in honour of Lyna’s family at Chris Larsen’s recommendation.The $25 million donation was also a lead gift for SF State’s BOLD Thinking campaign. The campaign was more than 90 per cent funded when the donation was announced. The university said the contribution was intended to support its efforts in business innovation and entrepreneurship, while building on the Lam-Larsens’ previous financial support for scholarships and academic programmes.

American political commentator Alex Jones has expressed concerns about a potential scenario in which the US government could impose restrictions on XRP ownership. His remarks sparked a debate with XRPL validator Vet regarding the security of self-custodied XRP.

Government Restriction Scenario Raises DebateDuring a recent broadcast, Jones addressed a question from a listener about whether governments could seize individual holdings of XRP. He played a recording that described a situation where lawmakers might classify XRP as a banking asset and, as a result, limit or ban private ownership.

The speaker on the clip pointed to the US government’s 1933 prohibition on private gold ownership as an example of how authorities previously restricted asset possession. The hypothetical scenario suggested that similar regulations could be applied to crypto assets like XRP in the future.

Discussing precautionary measures, the speaker advised, “Put it in an LLC then put that inside a trust,” referencing the use of legal structures to help protect digital assets in the event of stricter rules.

However, the commentary clarified that current US law does not prevent individuals from owning XRP. The exchange focused on the possibility of future, not present, policy shifts.

Vet Defends Self-Custody and XRPL’s DesignVet, an active validator on the XRP Ledger, responded to Jones’s discussion by posting the broadcast clip on X and offering a different viewpoint regarding self-custodied XRP. XRPL, also known as the XRP Ledger, is a decentralized blockchain network designed for fast, low-cost international payments.

Mini dictionary: XRPL Validator, an individual or entity that operates a server on the XRP Ledger to help confirm transactions and uphold the network’s decentralized security and consensus mechanism.

Vet asserted that XRP in self-custody wallets cannot be seized by the US government or any other party, as long as the individual controls their private keys. He added that the decentralized nature of the XRP Ledger prevents authorities from censoring transactions or unilaterally freezing accounts on the protocol.

The US government can’t seize XRP you hold in self-custody. No one can as long as only you hold your keys, the US can’t censor transactions either on the XRPL.

Vet also challenged the notion that XRP could only be held or controlled by banks, emphasizing the decentralized and permissionless structure of the network.

Clarification and Accurate Reporting of ClaimsFollowing the exchange online, Jones clarified that his comments were not intended as criticism of XRP or its community. He stated that he was simply responding to community questions and did not oppose the digital asset.

I am not against XRP! I was just responding to questions.

Vet acknowledged Jones’s clarification, agreeing that discussion around decentralized monetary systems is valid. He also requested that Jones revise part of his earlier statements regarding alleged government and central bank adoption of XRP. Vet noted that current evidence does not verify claims of official institutional use of XRP at the scale referenced by Jones, and suggested this comment should be amended to reflect the facts.

Focus Remains on Self-Custody and Regulatory RiskThe conversation evolved to center on the distinction between possible future regulation and the inherent safeguards of self-custody. While Jones raised the prospect of legal changes that could mimic historical precedents, Vet repeatedly highlighted that ownership of assets on decentralized networks like XRPL is fundamentally protected by private key control.

Public discussion on this topic continues to circulate among XRP holders, many of whom look to both legal precedent and the technical architecture of the XRP Ledger in assessing the security of their holdings.

Amid a shift in capital flows from Wall Street, US spot XRP ETFs recorded net inflows for 11 consecutive trading days, attracting a total of approximately $170 million during that period. 

Recent data indicates that since the launch of these products, US spot XRP ETFs have seen cumulative net inflows of around $1.68 billion. What do these inflows signify? The sustained influx of capital has heightened market focus on the long-term investment value of XRP, prompting many holders to consider a question: beyond simply waiting for asset appreciation, is it possible to generate additional returns on these digital assets while holding them?

From “holding XRP” to “growing asset value” As US spot XRP ETFs continue to attract capital, XRP is emerging as an asset of interest for both institutional and individual investors in the cryptocurrency market. For the growing number of long-term XRP holders, generating additional returns from their digital assets has become a key priority. Against this backdrop, FTMINING is gaining attention among XRP holders. Rather than simply waiting for price appreciation, investors are increasingly exploring ways to generate extra cash flow through digital asset yield models. While the market remains bullish on XRP’s growth potential, FTMINING’s digital asset management and cloud computing platform offers XRP holders a reliable source of passive income. Users can achieve continuous asset appreciation through an intelligent computing system and daily earnings settlements, all without the need for complex operations.

Mining services provided by FTMINING A model of participating in digital asset mining through remote computing power. Users do not need to purchase mining machines, deploy equipment or maintain mines by themselves. They only need to choose the appropriate computing power solution, and professional mines will be responsible for equipment operation, operation and maintenance management and mining operations. Users will receive corresponding mining benefits based on the purchased computing power.

The FTMINING platform is powered by new or clean energy sources such as hydropower, wind power, and photovoltaics, which not only improves energy utilization efficiency, but also helps reduce operating costs and carbon emissions. Compared with the traditional self-built mine model, cloud mining has lower investment threshold, convenient operation, no need to maintain equipment, and it is easy for novices to participate.

FTMINING getting started guide: Visit the official website: https://ftmining.com

[ Register Account ] ──> [ Select Contract ] ──> [ System Allocates Hashrate ] ──> [ Automatic Payouts ]

(Quick email sign-up)    (Choose currency & term)    (Remote miner connection)    (Daily earnings settled to wallet)

1. Visit the official website: https://ftmining.com. New users receive a $15 sign-up bonus and a $0.75 reward for logging in daily.

2. The platform supports BTC, ETH, LTC, USDT, USDC, XRP, SOL, DOGE, and BCH, eliminating complex currency conversions and making deposits and withdrawals more convenient.

3. Choose the best contract plan; FTMINING offers a variety of contracts to meet different budget and goal requirements. Whether you are seeking short-term gains or long-term returns, we have the right option for you.

(For further details regarding the contract, please visit the official website.)

4. Once the contract is activated, your earnings will accumulate automatically, allowing you to use the service with confidence. The platform automatically records your earnings on a daily basis, and you can monitor changes in real-time via your mobile phone.

FTMINING: A safe, transparent, and trustworthy investment Founded in 2021 and headquartered in the UK, FTMINING is an innovative platform specializing in digital asset management and cloud computing services. It operates within the regulatory frameworks of the UK and the EU, adhering to principles of compliance, security, and transparency, while undergoing regular financial and security audits by third-party organizations.

Technologically, the platform employs multiple security mechanisms—including bank-grade firewalls, cloud security certifications, multi-signature cold wallets, and asset segregation systems—to provide multi-layered protection for user funds.

Conclusion Continued capital inflows into US XRP spot ETFs are further boosting market interest in XRP. Meanwhile, digital asset holders are increasingly seeking yield opportunities beyond mere passive income and capital appreciation. Through the FTMINING platform, investors can generate steady passive income amidst market volatility and achieve dual-layer asset growth, offering an innovative and sustainable investment pathway for long-term investors.

For XRP holders looking to explore yield-generating models for their digital assets, FTMINING presents a compelling option worth considering.

Official Website:https://ftmining.com

Customer Support Email: [email protected]

XRP Healthcare said 4,011 XRPH Wallet accounts were affected by unauthorized transactions beginning Sept. 3, with approximately $452,000 in XRP and related assets removed.

Summary

XRP Healthcare said 4,011 wallets lost approximately $452,000 during unauthorized transactions beginning September 3, 2026. The project traced stolen assets to one Ethereum wallet and contacted exchanges about freezing funds. Users were told to stop using XRPH Wallet while the development team investigated the breach. Independent investigators attributed the compromise to seed phrases transmitted through a staking-related server request process. Former Ripple developers said earlier grant reviews identified project risks, allegations XRP Healthcare publicly disputed. XRP Healthcare traces stolen funds to Ethereum XRP Healthcare initially confirmed unauthorized transactions involving XRP, XRPH, XRPHAI and other assets. The company instructed users to stop using XRPH Wallet until further notice while its developers investigated the compromise.

A subsequent update placed the affected wallet count at approximately 4,011 and the estimated loss at $452,000. The company said investigators traced the assets to one Ethereum address and contacted exchanges and other parties about freezing or recovering them.

Independent on-chain researcher Handy Andy reported that the affected accounts lost 267,664 XRP and approximately 23.2 million XRPH tokens. The researcher said the assets were converted into roughly 445,198 DAI on Ethereum and remained in the destination wallet at the time of the update.

Investigators examine a possible seed phrase leak Independent investigators attributed the XRPH Wallet breach to its staking function. Their analysis alleged that activating staking caused users’ seed phrases to be transmitted to a remote server.

XRP Healthcare had not published source code, server logs or an independent forensic report confirming that explanation when this article was prepared. The seed phrase exposure therefore remains a researcher finding rather than a company-confirmed root cause.

A seed phrase provides control over every private key generated by a wallet. Anyone obtaining it can reproduce the wallet and authorize transactions without accessing the victim’s phone. Crypto.news previously explained how seed phrases function as master recovery keys and why they should never leave the user’s secure environment.

The reported failure resembles a July incident in which a compromised software package transmitted private keys through a fraudulent telemetry function. However, no evidence currently connects the two cases or their perpetrators.

Former Ripple developers revive earlier concerns The breach prompted public criticism from developers previously associated with Ripple and the XRP Ledger ecosystem. BiasGoose said he had rejected an earlier grant application from the project because the application showed what he considered clear warning signs.

He later alleged that the team had misrepresented partnerships in its application. Hazard Cookie said earlier reviewers had identified risks that were not publicly visible at the time.

Former Ripple developer Matt Hamilton also referred to the project’s earlier reputation within the community. These statements represent the developers’ accounts. Public grant records or complete audit documents substantiating every allegation were not available.

Yup was all red flags when I spoke to them before as XRPayNet.

— Matt Hamilton (@HammerToe) September 6, 2026 XRP Healthcare rejected the tone of the criticism and accused former developers of celebrating another team’s losses. Its response called that conduct “genuinely pathetic” and said the company had put its own reputation and capital at risk. The exchange did not resolve the technical questions surrounding the wallet.

Users need new wallets before moving remaining assets XRP Healthcare must now establish the precise entry point, determine when seed information may have been exposed and identify which application versions were affected. A full postmortem should also explain whether the reported server retained seed phrases and who could access them.

Users who created or imported seed phrases into the affected application cannot rely solely on an app update if those phrases were exposed. Remaining funds should be transferred to newly generated wallets using trusted software. Reusing an old seed would preserve the attacker’s access.

The company has not announced a reimbursement program or recovery deadline. It also has not confirmed whether law enforcement or any exchange successfully froze the traced funds. Users should rely on official channels and reject unsolicited recovery offers requesting keys, seed phrases or payments.

The incident follows a wider rise in wallet and infrastructure compromises. As crypto.news reported, operational security failures caused 74% of stolen funds during the first half of 2026. Separately, Ripple’s recent audit program identified 96 vulnerabilities across proposed XRPL amendments, showing the value of testing before software reaches users.

4 hours ago

Silicon Valley angel investor Liron Shapira published a post stating he is roughly 50% confident that Bitcoin (BTC) will fall by more than 50% in price over the next two years. He believes the rapid advancement of artificial intelligence (AI) may erode some of the market’s prior perceptions of Bitcoin’s security and robustness, thereby undermining BTC’s long-term value support. Ethereum co-founder Vitalik Buterin holds an opposing view. He said he is quite optimistic about Bitcoin’s long-term network security, noting the primary challenge lies in completing necessary transitions. Buterin expects Bitcoin can effectively handle at least issues that do not require social consensus to resolve—such as upgrading clients and mining pools to counter network-layer attacks, which fall into this category. He added the probability of a real breakthrough in Bitcoin’s hash algorithm or Proof-of-Work (PoW) mechanism is extremely low. Vitalik further revealed he has already bet on this stance via asset allocation, with roughly 90% of his net worth currently held in crypto assets.

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The crypto market will welcome tokens worth roughly $325.6 million in the second week of September 2026. Major projects, including Aptos (APT), Linea (LINEA), and Cheelee (CHEEL), will release new token supplies. 

These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch.

1. Aptos (APT)
Unlock Date: September 11
Number of Tokens to be Unlocked: 11.31 million APT
Released Supply: 1.74 billion APT
Total supply: 2.09 billion APT (Y2035)
Aptos is a Layer-1 blockchain platform designed for scalability, security, and efficiency in decentralized applications (dApps) and Web3 ecosystems. It utilizes the Move programming language to enable high-throughput transactions and smart contract execution.

Aptos will release 11.31 million tokens on September 11. The tokens are worth $7.09 million. It represents 0.65% of the released supply.

APT Crypto Token Unlock in September. Source: TokenomistThe team will award 3.96 million APT to core contributors. The community and investors will get 3.21 million and 2.81 million tokens, respectively. Additionally, Aptos will allocate 1.33 million tokens to the foundation.

2. Linea (LINEA)
Unlock Date: September 10
Number of Tokens to be Unlocked: 960.13 million LINEA
Released Supply: 31.92 billion LINEA
Total supply: 72.01  billion LINEA
Linea is a zkEVM Layer-2 scaling solution for Ethereum (ETH). The network provides fast, low-cost transactions while maintaining compatibility with Ethereum tools and security.  

The network will unlock 960.13 million tokens, valued at approximately $2.75 million, on September 10. The upcoming unlock represents 3% of the released supply

LINEA Crypto Token Unlock in September. Source: TokenomistLinea will keep 480.07 million tokens for Linea Consortium (long-term alignment), and 480.07 million LINEA for Linea Consortium (Ignition). 

3. Cheelee (CHEEL)
Unlock Date: September 13
Number of Tokens to be Unlocked: 6.42 million CHEEL
Released Supply: 813.4 million CHEEL
Total supply: 1 billion CHEEL 
Cheelee is a SocialFi hybrid platform that rewards users with LEE tokens for watching short videos. It blends familiar social media mechanics with blockchain-based incentives. The platform utilizes its token, CHEEL, for governance, content promotion, and advertising.

The team will release 6.42 million tokens on September 13. The tokens are worth around $2.24 million and represent 0.79% of the current released supply.

CHEEL Crypto Token Unlock in September. Source: TokenomistCheelee will keep 3.4 million tokens for the reserve fund. Furthermore, it will assign 2.78 million tokens to the team. Advisors will get around 208,330 altcoins. Lastly, the team will direct 27,780 tokens to a private round.

In addition to these, other prominent unlocks that investors can look out for in the second week of September include peaq (PEAQ), Babylon (BABY), Movement (MOVE), and more.

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.

7 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.

7 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).

7 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.

7 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).

7 minutes ago

Iran's Parliament Speaker: Attacks targeting Iran's oil and gas assets will also put U.S.-related energy facilities at risk.

Speaker of the Iranian Parliament Qalibaf stated that Iran’s domestic oil and natural gas production chains are widely distributed, easily accessible, and inadequately protected, while U.S. oil and gas enterprises operating in relevant waters and facilities face similar risks. Qalibaf warned that if the U.S. attacks Iran’s energy assets, its own related assets could be targeted in retaliation, noting that Iran “has already proven this point” and calling on the international community to inquire about those “non-operational bases”. (Jinshi)

7 minutes ago

Ethereum co-founder Vitalik Buterin on Monday pushed back against a claim that artificial intelligence (AI) could break Bitcoin’s security and drive a 50% price drop within two years. He believes the probability of breaks on hashes or PoW is tiny, saying most of his wealth is already aligned with that view.

Ethereum’s Co-Founder Vitalik Buterin Dismisses AI Could Crash BTC Claims Vitalik Buterin disagrees with Silicon Valley angel investor and AI-risk commentator Liron Shapira’s claim that AI will undermine Bitcoin’s security guarantees and trigger a 50% price crash in the next two years.

Ethereum co-founder said he is optimistic about blockchain cybersecurity in the long term. He believes the main challenge is getting the transition and expects the Bitcoin network to handle any issues.

In addition, Vitalik Buterin says the odds of AI breaking into hashes or proof-of-work (PoW) are “tiny.” On the other side, network-layer issues can be fixed via client and mining pool upgrades without social consensus.

“I would offer a bet, but given what my holdings are I’m basically taking this bet (I assume you believe the same re ETH) with ~90% of my net worth already,” he said.

Bitcoin Price Trades Near $79,500 Bitcoin price has held near $80,000 over the past 24 hours despite escalation in the US-Iran war. At the time of writing, the price was trading at $79,564, with a 24-hour low and high of $79,426 and $80,493, respectively.

Furthermore, trading volume has increased by 12% over the last 24 hours, indicating a rise in interest among traders. The crypto market braces for volatility due to this week’s US CPI inflation data.

CoinGlass data showed slight selling in the derivatives market. At the time of writing, the total Bitcoin futures open interest fell 0.55% to $52.92 billion in the last 24 hours. BTC futures OI on CME and Binance slipped by around 0.40%.

Polymarket data shows prediction market participants still see Bitcoin price reaching $85,000 by December 31, 2026, with 74% ‘Yes’ bets.

Ethereum (ETH) price is down slightly by 0.23% to trade at $2,495 at the time of writing. The drop comes amid fears that the Federal Reserve and the Bank of Japan will hike interest rates next week. Still, the potential rate hike has not caused a surge in selling pressure because on-chain data shows that traders are withdrawing their coins from exchanges.

Ethereum Exchange Outflows Surge In a recent post on X, analyst Ali Martinez noted that traders withdrew 116,000 ETH from exchanges between September 6 and September 7. These coins are worth more than $300 million.

The withdrawals suggest that most traders are not willing to sell Ethereum now despite geopolitical tensions and the possibility of the Fed making a hawkish monetary policy decision at the September 16 FOMC meeting.

Martinez also opines that if the supply of Ethereum on exchanges continues to shrink, ETH price could make a major move to the upside.

Data from CoinGlass supports the bullish thesis that the supply of ETH is shrinking because the exchange balance has dropped to 11.92 million, with this being the lowest reading since August 31.

ETH Exchange Balance (Source: CoinGlass) The ongoing transfer of ETH from exchanges also coincides with rising demand for Ethereum ETFs, with data from SoSovalue showing that ETH ETFs have seen three straight weeks of inflows. The inflows have already reached $130 million so far in September 2026.

Fed Rate Hike Odds Surge Ahead of CPI Data Data from CoinGape prediction markets shows that 49% of investors expect the Fed to raise interest rates by 25 basis points during the September 26 meeting.

Source: CoinGape Prediction Markets On the CME FedWatch Tool, 59% of investors are also expecting a 25 basis point rate hike.

These rising odds come ahead of the release of the US CPI data on September 15. Data from MarketWatch shows that investors expect the CPI to remain unchanged at 3.4%, which is still above the Fed’s target of 2%.

An earlier report by CoinGape also noted that Fed governor Chris Waller said that the FOMC decision will depend on what the August inflation data shows. If it shows that inflation is rising, the odds of the Fed hiking rates will increase, and this could push Ethereum price down.

Ethereum Price Prediction Amid Rising Exchange Outflows The price of Ethereum is trading within a rising triangle pattern on the four-hour chart. This pattern, and the rising outflows from exchanges, suggest that the future Ethereum price outlook is bullish.

If Ethereum price moves above the triangle’s resistance of $2,520, a 6.82% surge, that is equivalent to the height of this pattern could ensue, and this could take ETH to $2,690.

On-chain data also shows that 2.86 million ETH was either purchased or sold at $2,475. If Ethereum holds this support, the price could surge to $2,800, per analyst Martinez.

The MACD line that is positive suggests that the momentum is favoring bulls, making a move to $2,700 likely to occur. However, zooming in on this indicator shows that the MACD line has crossed the signal line, and it is now tipping south to suggest that bulls are losing their grip.

ETH/USDT: 4H Chart (Source: TradingView) The CMF reading of -0.15 also suggests that the selling pressure is outpacing the buying pressure on the four-hour timeframe, and Ethereum price might drop to test support at the lower boundary of the triangle pattern before resuming an uptrend.

A token, interestingly named Useless Coin (USELESS), soared in value last week, outperforming several established meme tokens.

Useless Turns Out to be ‘Useful’The Solana (CRYPTO: SOL)-based community-driven memecoin soared 230% over the week and is up 444% in a month

Launched via the BONKfun memecoin launchpad, the project gained major visibility after winning a Kraken trading competition, which led to its logo appearing on the jerseys of Atlético de Madrid, a Spanish professional football club.

Widely followed cryptocurrency analyst Zcash called the bottom in for USELESS and encouraged quick buying to drive it to a $10 million market capitalization.

Another Parody Coin Makes Waves“The world’s first cryptocurrency that promises nothing and delivers exactly that.” Yes, that’s literally how the coin is described on the official website. Yet, it has ballooned into an asset worth $216 million.

The entire project, right down to its "Useless Whitepaper," is a parody.

Read Next

The memecoin sector has seen multiple coins launched purely as parodies, offering no functional utility or technological purpose.

The real standout is the name If you think USELESS is outrageous, don’t forget there’s also a Fartcoin (CRYPTO: FARTCOIN).

USELESS overshadowed more popular and valuable memecoins, including Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

Read Next

Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading

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Dogecoin surged nearly 5% within 24 hours, lifting its price to $0.0902 after a sharp short squeeze in the derivatives market forced bearish traders to cover their positions. The rally pushed DOGE past its 200-day moving average for the first time since early August, positioning the $0.10 level as the next major resistance point.

Short squeeze triggers rapid price increaseOpen interest in Dogecoin derivatives jumped 8.5% in just one hour, reaching $282 million during the bullish move. This spike in open positions, coupled with a wave of liquidations among short sellers, fueled the upward price momentum and helped DOGE outperform broader market benchmarks. Bitcoin advanced just 0.38% and the wider crypto sector gained 0.87% during the same period.

Technical signals further reinforced the bullish trend. DOGE posted a golden cross on the hourly chart along with a morning doji star candlestick formation on the daily chart, both of which are often interpreted by traders as early signs of a trend reversal. This combination suggested a reduction in selling pressure and the emergence of a rebound.

Asset24h ChangeOpen Interest SurgeCurrent PriceDOGE+4.87%+8.5% (to $282 million)$0.0902Bitcoin+0.38%––Crypto Market Avg.+0.87%––Trader Tardigrade, a well-followed analyst on X, emphasized Dogecoin’s repeated bounces at the 0.618 Fibonacci retracement near $0.081. He cited these moments as signs of strong accumulation in this zone, enabling the ongoing reversal.

Dogecoin demonstrated robust support near $0.081 and rebounded decisively from this level, signaling that buyers are actively defending the area and supporting a price recovery.

DOGE’s recent move builds on momentum that began after the price hit a low of $0.08 on September 2. Although an earlier attempt to break the 200-day moving average faltered, renewed strength in the derivatives market drove price above $0.095, solidifying the breakout.

Key support and resistance levels emergeAnalyst Alex Marzell highlighted on X that DOGE consolidated at $0.083 for six consecutive four-hour candles, then suddenly jumped from $0.0876 to $0.0952 in a single session. Marzell identified $0.088 as a pivotal former resistance area, now acting as potential support. If DOGE holds above this zone, the bullish setup remains intact. Failure to maintain this level could see a return to $0.0813 or even $0.075.

Old resistance at $0.088 has flipped to support. Sustaining price action above this level would likely strengthen Dogecoin’s breakout potential, while a breakdown could see targets at $0.0813 or below.

Cryptocurrency analyst Ali observed a bullish flag formation, offering further optimism for buyers. He suggested that DOGE could attempt a move toward $0.12, depending on continued buying interest. Resistance at $0.095, $0.10, $0.12, $0.1552, and $0.1774 presents successive hurdles for further price expansion.

Dogecoin ecosystem and utility developmentsCommunity figure Sweep pointed to several ecosystem advances that may be supporting Dogecoin’s price action. Notably, DogeOS, an Ethereum Virtual Machine (EVM)-compatible application framework, will allow DOGE to be used for gas fees. Other milestones include the scheduled DOGE-1 satellite mission, DOGE payments launching across more than 6,000 retail outlets, the expansion of the DOGE Pay platform, a public offering from House of Doge, and new ETF exposure options for institutional investors.

Mini dictionary: DogeOS is an Ethereum-compatible application layer designed for the Dogecoin blockchain, enabling smart contract functionality and allowing developers to build decentralized applications (dApps) that utilize DOGE for transaction fees.

August marked Dogecoin’s best month of 2026 so far, and the $0.10 threshold remains an important barrier. Market participants are closely watching the upcoming U.S. Consumer Price Index data, due September 11, as the next key event with the potential to catalyze further price action in the DOGE market.