Track market-moving stories before they get noisy

Key Takeaways DOGE climbed 4.87% over 24 hours, reaching $0.0902 as a short squeeze in derivatives markets fueled the rally. Open interest in Dogecoin futures spiked 8.5% within one hour, hitting $282 million as shorts were liquidated. The meme coin broke through its 200-day moving average, positioning $0.10 as the next critical resistance threshold. Technical analyst Ali spotted a bullish flag formation suggesting potential upside toward $0.12. Critical support remains at $0.0813, while September 11’s U.S. CPI data looms as the next significant market event. Dogecoin has mounted a strong push toward the key $0.10 psychological threshold following a derivatives market squeeze that lifted DOGE by 4.87% to $0.0902 over the past 24 hours. The rally unfolded as leveraged traders with short positions faced forced liquidations, significantly outperforming Bitcoin’s modest 0.38% increase and the wider cryptocurrency market’s 0.87% advance during the same timeframe.

Dogecoin (DOGE) Price The catalyst behind this move was a dramatic surge in open interest for DOGE derivatives, which climbed 8.5% in just 60 minutes to $282 million. This explosive growth signaled a classic short squeeze scenario, where bearish traders were compelled to close their positions by purchasing DOGE, creating upward price momentum.

Technical indicators reinforced the bullish case. DOGE registered a golden cross formation on the hourly timeframe alongside a morning doji star candlestick pattern on the daily chart — a configuration commonly observed at downtrend reversals, indicating potential exhaustion of selling momentum.

Crypto market analyst Trader Tardigrade observed on X that Dogecoin had repeatedly tested the 0.618 Fibonacci retracement level near $0.081, bouncing back each time. He interpreted these consistent holds as evidence of robust buying interest at that price zone, establishing a foundation for the current rebound.

This latest rally extends a recovery that started when DOGE bottomed at $0.08 on September 2. An initial attempt to breach the 200-day moving average on September 3 was unsuccessful, but Saturday’s momentum carried price decisively above that technical threshold, reaching $0.095.

Derivatives Market Squeeze Powers Price Action Market analyst Alex Marzell documented the breakout on X, noting how DOGE consolidated around $0.083 across six consecutive flat four-hour candles before explosively breaking higher. The decisive four-hour candle propelled price from approximately $0.0876 to $0.0952 in a single surge.

$DOGE did exactly what it needed to.

Friday's jobs print dumped it back to the $0.083 base, six flat 4H candles held it, and today one 4H candle ripped $0.0876 to $0.0952 straight back through $0.088.

Old resistance is the new line. Hold $0.088 and I think $0.095 goes next and… pic.twitter.com/y7hW91yCek

— Alex Marzell (@MarzellCrypto) September 5, 2026

Marzell pinpointed $0.088 as a previous resistance zone that has now flipped to potential support. Maintaining price action above this level would preserve the bullish breakout structure. Should this support fail, downside targets include $0.0813 and possibly $0.075.

Meanwhile, cryptocurrency analyst Ali identified a bullish flag chart pattern on shorter timeframes, with price projections extending toward $0.12. Major resistance levels above current trading include $0.095, $0.10, $0.12, $0.1552, and $0.1774.

Expanding Dogecoin Utility and Infrastructure Community observer Sweep on X highlighted multiple ecosystem advancements for Dogecoin, including DogeOS — an EVM-compatible application framework utilizing DOGE for gas fees. Additional developments include the upcoming DOGE-1 satellite launch scheduled for this month, DOGE payment integration across over 6,000 retail locations, the DOGE Pay platform expansion, House of Doge’s public listing, and growing ETF accessibility for Dogecoin exposure.

August marked Dogecoin’s strongest monthly performance in 2026. The $0.10 price level stands as the immediate hurdle, where DOGE’s mid-August momentum previously encountered resistance. Market participants are now focused on the U.S. Consumer Price Index report scheduled for September 11 as the next potential catalyst.

Cardano (ADA) trades around $0.222 on Monday after rallying over 15% last week. Mixed derivatives data and mildly bullish on-chain metrics point to cautious market sentiment. Meanwhile, strengthening momentum indicators suggest ADA could see further gains if the recovery continues.

Mixed signals in the derivatives marketCardano derivatives metrics show a mixed sentiment. CoinGlass’ long-to-short ratio for ADA reads 0.94 on Monday. This ratio above one reflects bearish sentiment, as more traders are betting on Cardano to fall.

Cardano long-to-short ratio chart. Source: CoinglassHowever, funding rates point to a strengthening outlook. CoinGlass’ OI-weighted funding rate data for Cardano flipped positive on Saturday and read 0.0097% on Monday. This positive rate indicates longs are paying shorts and signals a bullish sentiment.

Cardano funding rates chart. Source: CoinglassOn-chain data shows mild bullish biasCryptoQuant’s summary data shows mild optimism. ADA’s futures markets show large whale orders, while other metrics remain neutral, highlighting a mild bullish bias among traders.

Cardano summary chart. Source: CryptoQuantCardano Price Forecast: Momentum indicators show strengthening signsCardano price trades at $0.222 on Monday, holding a constructive bullish bias as it extends above the 50-day and 100-day Exponential Moving Averages (EMAs) clustered around $0.200. 

This recovery leg is unfolding with the Relative Strength Index (RSI) hovering near 61, suggesting firm positive momentum. At the same time, the Moving Average Convergence Divergence (MACD) line has turned marginally positive, hinting at a gradual shift in favor of buyers even as the broader downtrend line still looms overhead as dynamic resistance.

On the downside, initial support appears at the 50% retracement near $0.213, with the 100-day EMA around $0.200 and the 50-day EMA just below, reinforced by the 38.2% Fibonacci retracement close to $0.195, forming a broader demand band before deeper support at $0.173 and $0.150.

On the topside, immediate resistance aligns with the 61.8% Fibonacci retracement at about $0.231, followed by a horizontal cap near $0.236 and the 200-day EMA around $0.243, ahead of a stronger barrier at $0.245; a sustained break above this confluence and the descending trendline resistance beyond it would strengthen the case for a more extended corrective advance.

ADA/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)

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.

2 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).

2 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.

2 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).

2 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)

2 minutes ago

Google clarifies that Antigravity account bans do not suspend associated Google accounts.

Beating AI Flash News: Google has revised the terms of service for its Antigravity service. While using third-party tools such as OpenClaw to access Antigravity via OAuth remains a violation, the updated terms clarify that penalties for such violations will apply to Antigravity and/or Gemini CLI accounts—not the entire Google account. The prior terms only referenced "your account", leading to widespread misunderstanding that penalties could extend to full Google accounts. The debate was ignited by leading developers Theo Browne (founder of T3 Code) and Gergely Orosz (author of The Pragmatic Engineer), who both warned that using Gemini subscriptions in third-party tools could result in full Google account bans. Varun Mohan, head of Antigravity, later pushed back, stating the claim stemmed from unclear original terms and promising revisions. The new terms clarify penalty boundaries but do not relax core restrictions. Google’s FAQ still explicitly bans third-party coding agents including Claude Code, OpenClaw, and OpenCode from logging in via Antigravity. For users seeking to integrate Gemini into third-party coding agents, Google officially recommends using Vertex AI or AI Studio API Keys. Notably, Google already carried out large-scale account bans over this issue in February this year, later resetting the initial bans and adding an appeal process.

2 minutes ago

Flap Removes Gatekeeping From Token Market CreationFlap (flap.sh) has rolled out a Permissionless Launch feature on BNB Chain, giving project creators the freedom to design and deploy their own token markets without relying on predefined quote assets. The update marks a meaningful expansion of the platform's toolkit, removing one of the more common friction points for anyone looking to launch a new market on-chain.

Under the new feature, creators can select custom quote tokens when setting up a market. Supported options span real-world assets (RWAs), blue-chip cryptocurrencies, and trending meme tokens, broadening the range of trading pairs that can be built natively on the platform.

Programmable Mechanics for CreatorsBeyond quote token flexibility, the feature ships with a set of programmable controls. Creators can configure dedicated wallets, set dividend distributions, enable token burns, and manage liquidity parameters directly at launch. Together, these tools give teams more direct control over how their token economy is structured from day one.

Flap describes itself as programmable token infrastructure. Instead of one fixed bonding-curve format, creators pick modules such as tax tokens, custom quote assets, and reward mechanics, then assemble a launch from those components. The platform is particularly known for creator revenue sharing and tax token standards.

Flap is backed by Yzi Labs, the venture firm formerly known as Binance Labs. Yzi Labs introduced a $1 billion Builder Fund for projects building on BNB Chain, targeting sectors including trading, RWAs, AI, DeFi, and wallets. That backing places Flap within a well-resourced ecosystem built around the $BNB network.

The platform currently runs on multiple networks, including BNB Chain, X Layer, Monad, and Morph. The Permissionless Launch feature, however, is focused on BNB Chain, where some of the platform's most prominent meme tokens, including Broccoli, Moolah, and Froggie, originated.

The move reflects a broader push across the BNB Chain ecosystem to make token creation more accessible and composable, with infrastructure that can accommodate a wider range of asset types and community-driven projects.

Sources
Flap on BNB Chain DappBay | CoinDesk: YZi Labs $1B BNB Chain Fund | IQ.wiki: Flap Protocol Overview

Solana recorded a significant increase in the distribution of real-world assets (RWAs), with the total value reaching $4.23 billion after a net gain of $348 million over the last 30 days. Figures released by the RWA Foundation place Solana at the forefront of RWA adoption among major blockchains, surpassing both Ethereum and Stellar in net growth.

Solana drives real-world asset expansionThe RWA Foundation, an industry-focused organization tracking tokenized real-world assets, reported the latest figures using data from RWA.xyz. These assets represent investments such as government bonds, private credit, investment funds, and equities that are digitized and made accessible through blockchain technology.

Solana’s distributed RWA value rose 11.13% over the period, far outpacing Ethereum’s 0.77% growth and Stellar’s 5.22% gain. Meanwhile, XRP Ledger’s RWA value fell by 5.51%, and Avalanche registered a 14.06% decline.

The RWA Foundation described Solana as “leading the pack,” noting that the net increase reflects new assets issued on Solana minus redemptions and inter-network transfers during the month, rather than trading volume or transaction count.

These numbers provide insight into the blockchain’s role in the growing market for tokenized real-world assets, distinct from the total value of assets on all platforms or the more familiar decentralized finance (DeFi) total value locked metric.

Mini dictionary: RWA Foundation – An independent entity tracking the adoption, distribution, and development of real-world asset tokenization across public blockchain networks.

Blockchain30-Day RWA Net ChangePercentage ChangeSolana$348 million+11.13%Ethereum—+0.77%Stellar—+5.22%XRP Ledger—-5.51%Avalanche—-14.06%These shifts reflect patterns in subscriptions, redemptions, and transfers among networks, as well as changes in underlying asset values, rather than just user transactions.

SOL price outlook and technical structureWith the backdrop of rapid RWA growth, Solana’s native token SOL traded near $103. Key support levels, formed by recent Fibonacci retracement points, have converged between $99.14 and $102.50, giving traders a clear zone to monitor for the next move.

Analysts at More Crypto Online highlighted that SOL remains in a corrective phase, with recent price action bouncing off the $98 level. The technical structure is described as an overlapping three-wave formation, part of an Elliott Wave corrective pattern rather than the start of a new bullish cycle.

RWA Foundation called Solana’s performance “leading the pack,” as the chain drew $348 million in new distributed real-world assets over the past 30 days, outpacing competitors and highlighting its growing presence in the tokenized assets market.

According to this interpretation, SOL could experience a rebound above the September 3 high before another drop completes the corrective pattern. Major resistance remains at $110, with a deeper supply zone identified between $146 and $152.

The immediate risk is a decisive drop below $90, which would invalidate recent bullish setups. Maintaining support above $98 is seen as crucial for bulls hoping to preserve the upward momentum from earlier this year.

Prominent trader TraderSZ reported increasing long positions in SOL but emphasized the need for the price to stay above $90 to keep the bullish structure intact. He also marked the previous quarter’s high near $98.39 as the key level to defend in the short term.

More Crypto Online suggested that SOL’s move remains corrective, with the possibility of an extended bounce, but a break below key support could open the door to a deeper pullback.

To challenge the next resistance at $110 and move toward the higher supply area, SOL must first establish a base above $98 and avoid further downside breaches.

A large Chainlink holder transferred another 620,420 LINK to Coinbase on Sept. 7, extending a series of deposits to the U.S. exchange over the past three weeks. 

Summary

A single wallet deposited 620,420 LINK worth roughly $7.6 million into Coinbase, Onchain Lens reported. Over three weeks, the address transferred 2.41 million LINK valued near $26.04 million into Coinbase. The wallet previously accumulated the deposited LINK from Binance before routing tokens toward Coinbase addresses. Exchange deposits can precede sales, but blockchain records cannot confirm whether transferred tokens were sold. LINK traded near $13.07 on September 7 after rising approximately 7.1% during the latest session. The latest transfer was worth approximately $7.6 million when blockchain analytics account Onchain Lens reported the movement.

The same address has now sent 2.41 million LINK, valued at about $26.04 million, to Coinbase during the period, according to the analyst’s post. Onchain Lens identified the originating wallet as 0xF5B007a6341AcC8CfEC581d8A1c5560bC19d9650.

The wallet had previously accumulated the tokens through withdrawals from Binance. Its later movement toward Coinbase represents a change from accumulation to exchange deposits, although the transfers do not confirm completed sales.

Chainlink whale moved 2.41 million LINK in three weeks The latest 620,420 LINK deposit represented approximately 25.7% of the address’s total three-week transfers. The preceding deposits amounted to roughly 1.79 million LINK based on the cumulative figure supplied by Onchain Lens.

At the reported valuations, the newest transfer valued each LINK at about $12.25. The complete three-week figure valued the transferred tokens at an average of approximately $10.80 each. These values reflect prices around the time of each movement rather than a confirmed execution price.

The address’s earlier Binance withdrawals suggest that the wallet accumulated LINK before sending part or all of those holdings to Coinbase. However, blockchain records alone cannot identify the beneficial owner or explain the reason for each movement.

The address may belong to an individual, institution, trading firm or custody arrangement. Describing it as a whale refers to the size of the holdings and transfers, not a verified identity.

The wallet’s transaction history can be reviewed through the Ethereum block explorer Etherscan. Exchange destination labels also depend on address attribution and can change when analytics providers obtain new information.

Coinbase deposits raise selling risk but prove no sale Transfers to centralized exchanges often receive attention because customers commonly deposit tokens before selling, converting or using them as collateral. A large deposit can therefore increase the amount of immediately tradable supply on an exchange.

Yet a Coinbase transfer does not establish that the holder sold the tokens. The wallet owner could move LINK for custody, collateral, internal account management, over-the-counter settlement or a future trade that has not occurred.

Confirmation of selling would require additional evidence. This could include movements from Coinbase hot wallets, order-book activity, changes in exchange balances or a statement from the wallet owner. None of those details accompanied the Onchain Lens report.

The transaction also should not be treated as a transfer by Chainlink itself. The address has not been identified as belonging to Chainlink Labs, the Chainlink Foundation or a known project treasury.

Large exchange transfers can still affect trader expectations before any tokens are sold. Market participants may reduce exposure when they interpret a deposit as potential supply. That reaction can create volatility even when the wallet’s actual purpose remains unknown.

Crypto.news previously documented the reverse pattern, with large holders withdrawing hundreds of millions of dollars in LINK while exchange balances declined. The latest Coinbase deposits show that individual whale behavior can differ from the broader holder trend.

LINK price retains bullish momentum near $13 LINK traded near $13.07 on Sept. 7, up approximately 7.1% during the latest session. Its intraday range extended from about $12.12 to $13.32.

The gain means the token was trading above the approximate valuation applied to the whale’s latest transfer. Its market price had also recovered strongly from the June and July lows near $7 to $8.

On the daily chart supplied with the market data, LINK’s moving average convergence divergence remained positive. The MACD line stood near 0.7841, above the signal line at approximately 0.7069, while the histogram remained positive at about 0.0771.

Those readings indicate that upward momentum remained present. The latest red candle and narrowing distance between momentum readings, however, suggest that the rally could be entering a slower phase.

The relative strength index was approximately 72.47, above its moving average near 67.71. An RSI reading above 70 is commonly treated as overbought, although it does not independently establish that a decline will follow.

chainlink price daily chart – source: crypto.news LINK would need to maintain the $12 to $13 region to preserve its recent short-term recovery structure. A sustained move below that area would weaken the rebound, while a break above recent highs would extend it.

No evidence establishes that the whale deposit caused a specific LINK price movement. The token traded within a broader crypto market and reacted to several factors beyond a single wallet transfer.

Chainlink adoption provides a separate demand narrative The whale movement occurred as Chainlink continued expanding its oracle and cross-chain infrastructure. These developments provide a fundamental backdrop but do not determine what the unidentified holder plans to do.

Chainlink’s Cross-Chain Interoperability Protocol connects applications and assets across multiple blockchain networks. The system processed $4.9 billion in volume during the second quarter, up 353% from the corresponding period one year earlier, according to figures cited by Standard Chartered.

The bank also estimated that Chainlink secured more than $110 billion in value across oracle feeds and cross-chain services. Its long-term LINK forecasts remain estimates rather than confirmed future prices.

Several large projects expanded their use of Chainlink during 2026. Aave adopted CCIP as the default infrastructure for cross-chain deposits, withdrawals, governance and GHO transfers, extending Chainlink’s role across the Aave ecosystem.

BitGo selected CCIP as the exclusive cross-chain provider for Wrapped Bitcoin. The decision moved its $7.3 billion WBTC ecosystem away from LayerZero and brought publicly announced CCIP migrations to roughly $14.6 billion.

Chainlink has also worked with traditional financial institutions. More than 50 banks joined a stablecoin foreign-exchange settlement test designed to combine blockchain settlement with existing Swift and ISO 20022 messaging systems. The project seeks to support atomic payment-versus-payment transactions, as detailed in Chainlink’s institutional settlement trial.

Bottomline Technologies recently partnered with Chainlink to connect blockchain-based payment tools with infrastructure serving hundreds of financial institutions. The agreement expanded Chainlink access across 600 banks.

These integrations can support demand for Chainlink services, but their effect on LINK varies by product design, fee structure and token usage. They do not remove the short-term supply risk associated with large exchange deposits.

Further wallet activity will clarify the holder’s strategy The next transactions from the whale address will help determine whether the Coinbase deposits are continuing. Additional transfers would raise the cumulative amount available within the exchange’s custody environment.

Withdrawals back to a private address would point in the opposite direction. They could indicate that the holder retained the tokens or completed an internal transfer rather than selling them.

Changes in Coinbase’s LINK balances and transaction clusters may provide further context. Even then, analysts would need to separate this wallet’s activity from unrelated customer deposits and exchange operations.

For now, the blockchain confirms that 620,420 LINK moved from the identified address toward Coinbase. The conclusion that the whale sold $7.6 million of LINK would go beyond the available evidence.

Source: Binance EN

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TLDR Retail borrowers averaged 53.5 loans in 2026, marking a 74% surge from the 30.8 loans recorded in 2025. Bitcoin’s collateral share among wealthy users fell to 30.5% while Zcash advanced strongly to a 24.2% share. BlackRock cut IBIT’s in-kind Bitcoin conversion minimum by 96%, reducing the entry threshold to only $1M. IBIT has processed more than $5B in Bitcoin conversions while holding about 3.645% of total BTC supply. Crypto holders turned more often to loans backed by digital assets as market conditions weakened in 2026, according to research from CryptoQuant using CoinRabbit data. Retail users showed the sharpest increase, with average borrowing activity climbing 74% from the previous year. High-net-worth borrowers also increased loan use, while collateral choices shifted toward assets including Zcash.

At the same time, Bloomberg reported that BlackRock lowered the minimum for converting large Bitcoin holdings directly into shares of its iShares Bitcoin Trust ETF, or IBIT, expanding access to another way of retaining Bitcoin exposure without direct custody.

Retail Crypto Borrowing Climbs as Repeat Loans Increase CryptoQuant found that retail users averaged 53.5 loans per borrower in 2026, up from 30.8 in 2025. That represented a 74% increase. High-net-worth users showed a smaller but still notable change, with their average number of loans rising 18% from 16.5 to 19.4.

Crypto-backed lending allows holders to obtain cash without immediately selling their digital assets.  Borrowers generally pledge more collateral than the loan amount because falling asset prices can create liquidation risks or trigger demands for additional collateral.

Repeat borrowing also increased across CoinRabbit during the period analyzed by CryptoQuant. The share of users taking multiple loans rose from 61.9% to 65.1%.

Retail borrowers also waited longer between loans, averaging 21 days compared with 11 days previously. The report does not assign a single cause, but it records a clear rise in borrowing frequency across both major user groups.

Zcash Gains Share as Collateral Preferences Shift Collateral composition changed alongside borrowing behavior. Among high-net-worth users, Bitcoin’s share of pledged assets fell sharply from 57.8% to 30.5%. Zcash reached 24.2% after failing to appear among the previous top 10 collateral assets. 

CryptoQuant linked part of that shift to Zcash’s price rally from about $50 in late 2025 toward $800. Monero, Chainlink, and Cardano also captured larger shares of high-net-worth collateral during the period. Retail borrowers continued to use XRP heavily, although its collateral share fell from 41.7% to 35.2%. Bitcoin remained close behind, while TRON, Stellar, BNB, Kaspa, and Velo also entered the retail collateral mix.

Trading preferences changed as well. Tether and Bitcoin retained the two largest positions by trading volume, while USD Coin moved into third place. Flare, Ether, and Ondo entered the top 10, while Solana, Stellar, and Shiba Inu dropped out.

Together, the CoinRabbit data tracked simultaneous changes in borrowing patterns, collateral selection, and trading activity. A separate shift has taken place among larger Bitcoin holders. Bloomberg reported on Aug. 25 that BlackRock cut the minimum size for converting Bitcoin directly into IBIT shares to $1 million in July.

The threshold had stood at $25 million when the in-kind conversion process first became available.  According to Robbie Mitchnick, BlackRock’s head of digital assets, the fund has processed more than $5 billion through these conversions, up from more than $3 billion when Bloomberg first reported the trend in October.

The process can take more than a week and allows holders to move Bitcoin from private wallets into a regulated fund while retaining price exposure. Mitchnick said concerns, including “kidnappings, ransom demands, and custody failures,” have encouraged some holders to make the switch.

Bloomberg also reported that Bitwise cut its own minimum from $100 million to $3 million. BlackRock’s 96% threshold reduction broadens access to family offices and wealthy individual holders. IBIT currently holds roughly 3.645% of Bitcoin’s total supply and lists net assets of $60.65 billion, while the more than $5 billion processed through its conversion service reflects growing use of the structure.

Zcash (ZEC) trades near $1,185, up 11% over the past 24 hours. Grayscale’s Zcash ETF (ZCSH) held $463.2 million in assets as of Sept. 4.

The fund converted from Grayscale’s Zcash Trust when it began trading on NYSE Arca on Aug. 25. ZEC now ranks among the ten largest cryptocurrencies by market capitalization.

ZCSH Assets Track ZEC’s RallyZCSH shares closed at $83.77 on Sept. 4, up 7.62% for the day. Shares slipped to $82.20 in after-hours trading that evening.

The fund’s net asset value per share stood at $83.48. That falls within a 52-week range of $3.54 to $84.23.

Daily volume reached 804,728 shares, per Grayscale’s own disclosures. The ETF’s year-to-date return reached 166.44%, per Yahoo Finance.

The fund held 444,608 ZEC tokens as of Sept. 4. Shares outstanding stood at 5.55 million, Grayscale reported.

Zcash has rallied strongly in the past month, more than doubling in value. Image Source: CoinGeckoGrayscale converted its Zcash Trust into the ZCSH exchange-traded fund on Aug. 25. The trust had operated since 2017.

Grayscale cited roughly $260 million in assets at conversion. ZCSH became the first US-listed spot ETF for a privacy-focused token.

For everyday investors, ZCSH means ZEC exposure without a crypto wallet or exchange account. That access is one reason inflows have grown so quickly since launch.

A New Demand for AI Safe CoinsSteve Vanourny, Grayscale’s head of index, linked the launch to rising demand for financial privacy.

“As AI reshapes how financial activity can be monitored, we believe demand for genuine financial privacy will only grow.”

Steve Vanourny, Grayscale’s head of index, Grayscale

ZEC’s rally began before the ETF launch, when it hit an eight-year high in August.

The rally has pushed Zcash’s market cap above $20 billion, per BeInCrypto data.

The token remains far below its 2016 all-time high of $3,191.93. That leaves room for further gains if inflows continue.

Whether ETF inflows keep pace with ZEC’s volatility remains an open question for investors.

ca

This cat memecoin has paid holders $2.8 million in Zcash as ZEC tops $1,200

Zcash (ZEC) has experienced a significant rally, climbing nearly 12% in the past 24 hours to approximately $1,190 as of September 7. The privacy-focused cryptocurrency saw its seven-day gains exceed 45% after briefly reaching an intraday high near $1,250.

ETF inflows drive ZEC momentumThe primary catalyst for Zcash’s upward movement has been the launch of Grayscale’s ZCSH spot ETF. This investment fund, now trading on NYSE Arca since August 25, provides regulated access for US investors seeking direct exposure to ZEC.

By September 4, the ETF had reported net inflows totaling $34.4 million, including $12.6 million on September 2 alone. Since its debut, ZCSH’s net assets have grown to around $463 million, indicating sustained investor interest in the product.

As demand for the ETF increased, ZEC’s price moved decisively through key resistance levels. The token accelerated past the $1,000 mark during the session on September 4, gaining roughly 20% on the day. Continued buying pressure pushed ZEC beyond $1,100 and $1,200 in the following sessions.

Grayscale positioned ZCSH as a way for investors to gain exposure to the theme of financial privacy within a US-listed investment product, connecting mainstream markets with privacy-focused digital assets.

At the same time, interest in Zcash’s privacy technology has grown, supporting the bullish momentum tied to ETF flows.

Leveraged traders have also played a role in the rapid price action. The initial break above $1,000 triggered liquidations of $34 million to $36 million in short positions as traders attempted to bet against the rally. Further short exposure has continued to build even as ZEC prices climbed.

Key liquidation levels and liquidity zonesAccording to data from Coinglass, several liquidity concentrations remain above ZEC’s current price. Notable clusters are present between $1,215 and $1,220, $1,245 and $1,255, as well as $1,265 to $1,280. If the token breaks through these ranges, additional short liquidations could trigger more upward movement as bearish traders close positions.

Below the current trading level, liquidity is reported around $1,165 to $1,170, with larger concentrations found near $1,130 to $1,140 and $1,105 to $1,120. These areas may act as potential support levels should the price retrace.

Mini dictionary: Coinglass, a leading analytics platform that provides real-time data on crypto derivatives, including liquidations, open interest, and funding rates across various exchanges.

On-chain developments and governance updatesZcash’s ongoing NU7 governance process is offering a separate development catalyst. Zcash Labs has set September 14 as the end date for the coinholder vote, during which eligible ZEC holders can participate in deciding on the scope and readiness of the NU7 protocol upgrade.

Eligibility is determined by whether funds were spendable and shielded in the Ironwood pool at the August 24 snapshot date.

Mini dictionary: The Ironwood pool is a Zcash shielded pool that enhances user privacy by allowing fully private transactions between shielded addresses, using advanced cryptography.

ZEC technical analysis and price outlookZEC’s daily chart shows an extended upward move since the start of September, when the price stood around $800. The 20-day exponential moving average has increased to $877.85, while the 50-day EMA sits at $710.60. Longer-term EMAs are lower, at $604.60 for 100 days and $506.00 for 200 days, with the current price maintaining strength above all of them.

Bullish momentum remains supported by these technical indicators. The Chaikin Money Flow indicator is at 0.32, indicating that buying pressure continues to outpace selling pressure even as ZEC cleared the $1,000 milestone.

Bullish daily closes above the $1,249 resistance could set the stage for a move toward $1,300. Should buyers remain in control, the next potential target area could be around $1,400.

On the four-hour chart, ZEC is trading near $1,191 after tapping the upper Bollinger Band at $1,255.16. The middle band has sharply risen to $1,074.21, suggesting that the $1,255 level is a key threshold for continuing the breakout.

The Money Flow Index on the four-hour timeframe is at 62.11, which remains below the overbought level of 80 despite the aggressive upward movement.

Failure to reclaim $1,250 could redirect attention to $1,170, an area highlighted by liquidation heatmaps. A further downside move would put the Bollinger Band midpoint at $1,074 as an important support level, and a drop below this could leave a larger gap closer to $900. As long as the price holds above this midpoint, the bullish short-term structure that began after the breakout above $1,000 is expected to remain intact.

EMA timeframeLevel20-day EMA$877.8550-day EMA$710.60100-day EMA$604.60200-day EMA$506.00

Key Highlights ZEC posted a 20% advance within a 24-hour window, establishing a new peak around $1,225 The privacy coin has climbed approximately 550% from 2026 lows and close to 4,000% from last year’s trough Since its August 25 debut, Grayscale’s ZCSH ETF has attracted $463 million in total assets Forced closures across crypto markets totaled $212 million, with ZEC accounting for $45.32 million in short liquidations The shielded pool now contains 4.85 million ZEC, marking the highest level observed since June The privacy-focused cryptocurrency Zcash experienced a dramatic 20% increase throughout Sunday’s trading session, establishing an unprecedented peak of $1,225 before stabilizing around the $1,210 mark. Meanwhile, the wider digital asset market remained relatively unchanged during this timeframe.

Zcash (ZEC) Price The token has now delivered approximately 550% returns from its 2026 floor. When measured against the previous year’s lowest point, the appreciation approaches an extraordinary 4,000%. This remarkable ascent has elevated Zcash’s total market capitalization to nearly $20 billion.

This powerful upward momentum propelled Zcash into elite territory among digital currencies by market valuation. During its climb, ZEC surpassed established names including Dogecoin, Monero, and Chainlink in the rankings.

Industry commentator Scott Melker, widely recognized as The Wolf of All Streets, observed that ZEC had breached the $1,000 threshold after hovering around $200 merely six months earlier — representing approximately a fivefold multiplication. He emphasized Grayscale’s Zcash ETF launch on August 25 as a pivotal catalyst attracting institutional participants to the asset.

$ZEC just hit $1,000.

Six months ago, ZEC was trading around $200.

Now it briefly crossed $1,000 and pushed its market cap toward $17B.

That's roughly a 5x move.

But the price is only part of the story.

Grayscale's Zcash ETF began trading on August 25.

Since launch, it has… pic.twitter.com/E7fKhIoYb5

— The Wolf Of All Streets (@scottmelker) September 6, 2026

Market analysis platform Coin Bureau noted through its social channels that ZEC surged from $40 to exceed $1,200 within a twelve-month period, characterizing it as a 2,900% appreciation and among the most dramatic advances in the present cryptocurrency market cycle.

Institutional Capital Flows Through Grayscale Vehicle Grayscale introduced its Zcash investment vehicle, designated as ZCSH, on August 25. The fund has subsequently accumulated $463 million in assets under management, establishing itself as among the most rapidly expanding cryptocurrency ETFs. The investment product carries a 2.50% annual fee and represents the inaugural spot ZEC exchange-traded offering.

🚨GRAYSCALE’S ZCASH ETF TOPS $430M AUM!$ZCSH took in more than $45 million over the past week and that fund assets have now passed $430 million.@Grayscale listed the product on NYSE Arca on Aug. 25 after converting its Zcash Trust.

Independent tallies already had AUM above… pic.twitter.com/Z1VABs16z2

— Crypto Banter (@crypto_banter) September 5, 2026

Robust appetite from both retail participants and institutional investors for privacy-oriented digital assets has underpinned the rally. Zcash provides users with optionality between transparent transactions and shielded alternatives, where participant identities and transaction amounts remain encrypted.

Derivatives Positioning Amplifies Upward Movement Futures and options activity contributed significantly to Sunday’s price dynamics. Data from CoinGlass indicated $212 million in aggregate cryptocurrency forced liquidations across 24 hours, with $156 million originating from bearish positions.

ZEC experienced the largest concentration of liquidations at $45.32 million. Bitcoin accounted for $16.79 million in forced closures while Arbitrum registered $12.94 million during the identical timeframe.

Holdings within the shielded pool expanded to 4.85 million ZEC, representing the most substantial level since June, advancing from the prior month’s low of 4.32 million.

ZEC penetrated resistance at $688, a threshold that previously restricted advances during both May and November. Market observers identify $1,300 as the subsequent upside objective, with $1,500 achievable should accumulation persist.

Trading activity for ZEC over 24 hours surpassed $1.6 billion, outpacing the majority of alternative tokens across the marketplace.

Kripto para piyasasında dikkat çekici bir yükseliş yaşayan Zcash (ZEC), son 24 saatte yaklaşık yüzde 15 değer kazanarak 1.170 dolar seviyesine ulaştı.

Sert fiyat hareketi yalnızca ZEC’i piyasa değerine göre en büyük 10 kripto para arasına taşımadı, aynı zamanda türev piyasalarda milyonlarca dolarlık pozisyonun tasfiye edilmesine neden oldu.

CoinGlass verilerine göre son 24 saat içinde kripto para piyasasında yaklaşık 212 milyon dolarlık toplam likidasyon gerçekleşti. Bu tasfiyelerin yaklaşık 156 milyon dolarlık bölümü, fiyatların yükselmesine karşı pozisyon alan yatırımcıların short işlemlerinden oluştu.

ZEC ise yaşanan likidasyon dalgasının merkezindeki altcoin olarak öne çıktı. Yükselişin devam etmesi, özellikle kaldıraçlı short pozisyon taşıyan yatırımcıların zararlarını hızla büyüttü.

ZEC Neden En Fazla Likidasyon Yaşanan Kripto Para Oldu? Son 24 saatlik dönemde ZEC işlemlerinde yaklaşık 45,32 milyon dolarlık likidasyon kaydedildi. Bu rakam, aynı zaman diliminde diğer büyük dijital varlıklarda gerçekleşen tasfiyelerin üzerine çıktı.

Likidasyon sıralamasında ZEC’i yaklaşık 35,16 milyon dolarla Ethereum (ETH) izledi. Bitcoin’de (BTC) 16,79 milyon dolarlık, Arbitrum’da (ARB) ise yaklaşık 12,94 milyon dolarlık tasfiye gerçekleşti.

ZEC fiyatındaki yaklaşık yüzde 15’lik günlük yükseliş, özellikle düşüş beklentisiyle açılan kaldıraçlı işlemleri baskı altına aldı. Short pozisyon sahipleri fiyat yükseldikçe ek teminat ihtiyacıyla karşılaşırken, yeterli teminat bulunmayan işlemler platformlar tarafından otomatik olarak kapatıldı.

Bu gelişmeler, ZEC’in güçlü fiyat performansıyla piyasa değerine göre en büyük 10 kripto para arasına girmesini de beraberinde getirdi. Böylece kripto para piyasası içinde uzun süredir öne çıkan büyük varlıkların sıralamasında dikkat çekici bir değişim yaşandı.

Büyük ZEC Short Pozisyonunda Zarar Büyüdü ZEC’teki sert yükseliş, Hyperliquid platformunda bulunan büyük bir short işleminin de yeniden gündeme gelmesine yol açtı. Daha önce yaklaşık 230 milyon dolarlık likidasyonla kripto topluluğunun dikkatini çeken ve “10 Ekim balinası” olarak tanınan Garrett Bullish’in büyük bir ZEC short pozisyonu taşıdığı bildirildi.

Verilere göre söz konusu yatırımcı yaklaşık 32.759,57 ZEC büyüklüğünde, yaklaşık 38,18 milyon dolar değerinde 2x kaldıraçlı short pozisyona sahip. Pozisyonun ortalama giriş fiyatı yaklaşık 444 dolar seviyesinde bulunuyor.

ZEC fiyatındaki yükseliş nedeniyle bu işlemin gerçekleşmemiş zararı yaklaşık 23,57 milyon dolara ulaştı. Mevcut verilere göre pozisyonun likidasyon fiyatı ise yaklaşık 2.566 dolar seviyesinde yer alıyor.

Bu örnek, kaldıraçlı işlemlerde fiyatın beklenen yönün tersine hareket etmesi halinde zararların ne kadar hızlı büyüyebileceğini gösteriyor. Özellikle yüksek volatiliteye sahip bir token üzerinde kaldıraç kullanmak, yatırımcıların portföy riskini önemli ölçüde artırabiliyor.

Bitcoin Long Pozisyonu Zararı Kısmen Dengeliyor Mu? Aynı büyük yatırımcının yalnızca ZEC üzerinde işlem yapmadığı görülüyor. Verilere göre Garrett Bullish, yaklaşık 1.331,88 BTC büyüklüğünde bir Bitcoin long pozisyonu da taşıyor.

Söz konusu Bitcoin pozisyonunda yaklaşık 3,6 milyon dolarlık gerçekleşmemiş kâr bulunuyor. Ancak bu kazanç, ZEC short işleminde oluşan yaklaşık 23,57 milyon dolarlık gerçekleşmemiş zararın oldukça altında kalıyor.

ZEC’in en büyük 10 kripto para arasına yükselmesi ve türev piyasalardaki yoğun tasfiyeler, yatırımcıların bu altcoin üzerindeki yeni fiyat hareketlerini yakından izlemesine neden olabilir.

Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Ethereum-compatible layer-1 network Harmony proposed sunsetting its blockchain and migrating its native ONE token to Ethereum, seven years after launching its mainnet. 

On Sunday, Harmony proposed taking a final network snapshot, issuing ERC-20 ONE tokens on Ethereum and migrating exchange listings. Validators would be offered options to stop their nodes, continue as governors, or join its new AI-video initiative. 

Harmony described the proposal as non-binding and did not specify when the final block would be produced or whether the shutdown would be submitted to the network’s validator-led governance process. 

Under Harmony’s published governance rules, elected validators can create proposals, while unelected validators may vote, with voting power based on total stake. Passage requires 51% of total stake weight to participate and 66.7% support after a seven-day introduction and 14-day vote.

Under the proposal, all ONE balances would be recorded at the network’s final block and new ERC-20 tokens airdropped to the same addresses on Ethereum. The snapshot would cover wallets, staking delegations, validator rewards, smart contracts and centralized exchanges, with no claims required.

However, Harmony said multisig safes, liquidity pools and onchain applications cannot be migrated, urging users to exit all smart contracts before Sept. 10. Validators may begin shutting down that day, with a $1.372 million pool set aside to compensate those that stop on time, retain their stakes and agree to serve as governors.

Harmony proposal comes weeks after an exploitThe proposal comes less than four weeks after an exploit created forged ONE tokens and led Harmony to plan a rollback that would wipe more than 109,000 transactions, marking a potential shift from repairing the network to ending it as an independent blockchain.

On Aug. 12, Harmony said it was considering a rollback after reports that an attacker had minted nearly 4 billion unauthorized ONE, equivalent to about 26% of the supply. An outside account claimed about 2.8 billion tokens reached exchanges, but Harmony had not confirmed the figures at the time. 

On Aug. 17, Harmony said it planned to revert the blockchain to an Aug. 11 checkpoint, discarding 109,126 regular transactions and 315 staking transactions. It said investigators had traced nearly all the forged tokens to wallets or service boundaries and were working with exchanges, bridges and law enforcement.

Magazine: Hugging Face hack exposes the open-weight AI cybersecurity paradox

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Harmony, an Ethereum-compatible layer-1 blockchain network, has announced a proposal to sunset its blockchain and migrate its native ONE token to the Ethereum ecosystem. This move comes seven years after Harmony launched its mainnet and follows recent challenges affecting network integrity.

Migration plan detailsThe proposal outlines taking a final network snapshot and issuing ERC-20 ONE tokens on Ethereum, effectively migrating users’ token balances. Harmony intends to coordinate with exchanges to list the new tokens and ensure a smooth transition for existing holders.

Validators, who maintain the operations and security of the Harmony network, would have several options under the proposal: shut down their nodes, shift into governance roles, or participate in the network’s proposed AI-video initiative.

Harmony said holders will not need to make claims, with all ONE balances, staking rewards, validator earnings, and centralized exchange holdings included in the Ethereum airdrop based on the network’s final block snapshot.

The network cautioned, however, that multisig safes, liquidity pools, and onchain applications cannot be migrated automatically. Harmony recommended users exit all smart contracts before September 10 to avoid asset loss.

A compensation fund of $1.372 million has been allocated for validators who shut down their nodes on time, retain their stakes, and serve as governors during the transition.

Governance and timelineHarmony described the proposal as non-binding. No specific date was provided for producing the final block or initiating the shutdown. Decisions to proceed rely on the network’s governance procedures, which require participation by 51% of total stake weight and 66.7% support among stakeholders following a formal voting process.

According to Harmony’s governance model, only elected validators can create proposals, but all validators, regardless of status, are eligible to vote, with influence determined by the amount of stake held. A proposal is eligible for passage after a seven-day introduction and a 14-day voting window.

Mini dictionary: ERC-20 tokens are a widely used token standard on the Ethereum blockchain, allowing for interoperable digital assets and compatibility across various decentralized applications and exchanges.

StageDescriptionFinal snapshotAll ONE balances, staking rewards, smart contracts, and centralized exchange holdings recordedONE ERC-20 airdropERC-20 tokens distributed to Ethereum addresses matching those in the snapshotValidator compensation$1.372 million pool for validators shutting down on time and becoming governorsContract exit deadlineUsers urged to leave smart contracts by September 10Recent security incidentThe proposal follows a security breach less than a month ago in which forged ONE tokens were created, forcing Harmony to consider significant restorative measures. The team revealed that an exploit allowed the unauthorized minting of nearly 4 billion ONE tokens, representing approximately 26% of the coin’s total supply.

Outside parties alleged that about 2.8 billion of the forged tokens may have been sent to exchanges, although Harmony has not publicly verified this figure.

In response to the incident, Harmony announced plans to revert the blockchain to an August 11 checkpoint. This rollback would erase more than 109,000 standard transactions and 315 staking transactions processed after the exploit, shifting the network’s focus from technical repair to formal shutdown.

The team confirmed that investigators had traced nearly all unauthorized tokens to specific wallets or service endpoints. Harmony stated that it is cooperating with exchanges, cross-chain bridges, and law enforcement to address the aftermath.

Harmony will shut down the blockchain it launched in 2019 and migrate its native token, Harmony (ONE), to Ethereum (ETH) as a new ERC-20 asset.

The team cited threats from state actors and artificial intelligence (AI) agents. Validators can begin switching off their nodes on Thursday.

Harmony Follows BounceBit Out of the Layer 1 BusinessThe sunset caps a punishing stretch for the network. In August, an exploit minted roughly 4 billion ONE, about 26% of the total supply, and sent the token to a record low of $0.0005735.

Harmony answered with a rollback. The chain was a target long before that. A 2022 breach of its Horizon Bridge drained close to $99.6 million.

Meanwhile, the retreat follows a pattern. BounceBit also retired its Layer 1 in August after an attacker moved 286.5 million BB, reissuing the token on BNB Chain.

The sunset notice did not name the two events, though. 

“The threats posed by state actors and AI agents are too great. Since our mainnet launch in 2019, our community has been resilient through attacks and changes—but it is time to fully sunset the Harmony network,” the team said.

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What Happens to ONE HoldersHolders do not need to claim anything. Harmony will snapshot balances at the final block, then airdrop new tokens to the same addresses on Ethereum.

Multisig safes, liquidity pools, and onchain applications cannot travel with them. Harmony urged users to exit every smart contract before September 10.

Validators may power down from 7 a.m. Pacific on September 10. A pool worth $1.372 million will pay those who sign an agreement and stay on as governors.

Total supply and the emission rate stay unchanged. Future emissions will instead fund an AI video venture Harmony calls The Remix Economy.

Harmony describes an open library of prompts and assets that fans fork and AI agents expand into dozens of stories per branch. It projects millions of remixes per day and will subsidize operators’ hardware for a year while requiring operators to stake tokens.

Harmony (ONE) Price Performance. Source: BeInCrypto MarketsMeanwhile, the network’s native token has yet to see the benefits of this pivot. It has dropped over 2% in the past day.

ONE traded near $0.00074 on Monday, roughly 29% above the record low it set on August 12. Its market value is near $11 million, placing it outside the top 1,000 tokens by market cap.

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Key Takeaways Harmony Protocol has announced plans to discontinue its Layer 1 blockchain network after seven years of operation since its 2019 mainnet launch ONE token holders will receive airdropped ERC-20 tokens on Ethereum automatically, requiring no manual intervention Network validators can cease operations starting September 10 and receive compensation from a $1.37 million fund The decision follows a catastrophic August security breach where hackers minted more than 3 trillion unauthorized ONE tokens The project is transitioning to focus on AI-driven video content creation as its new core business model Harmony Protocol, an Ethereum-compatible Layer 1 blockchain platform, has unveiled plans to terminate its network operations and transition its native ONE token to the Ethereum ecosystem. The Sunday announcement represents a dramatic transformation for the project, which first went live with its mainnet in 2019.

According to the platform, persistent security vulnerabilities and emerging threats drove the decision. “The threats posed by state actors and AI agents are too great,” the team stated in their X platform announcement.

Token Migration Process Details The protocol intends to capture a final network snapshot at the blockchain’s terminal block. Subsequently, newly created ERC-20 ONE tokens will be distributed via airdrop to identical wallet addresses on the Ethereum network.

This snapshot will encompass all wallets, staking delegations, validator compensation, smart contract states, and centralized exchange holdings. Token holders won’t be required to perform any manual steps to claim their new tokens.

Nevertheless, multisig safes, decentralized exchange liquidity pools, and various onchain applications won’t transfer in this migration. The team has strongly advised all users to withdraw from smart contracts prior to the September 10, 2026 deadline.

Token supply metrics and emission schedules will remain unchanged. Following the announcement, ONE was valued at $0.00073, reflecting a 3.86% decline over 24 hours.

Security Breach Behind the Strategic Shift This proposal emerges just weeks after a devastating security compromise. A malicious actor exploited a vulnerability in Harmony’s cross-shard receipt verification mechanism, enabling duplicate processing of legitimate receipts.

LATEST: 🚨 Harmony plans to roll back its blockchain to Aug. 11, reversing over 109,000 transactions and 315 staking transactions, days after an exploit minted ~4 billion ONE tokens. pic.twitter.com/I0wEcGVrTX

— CoinMarketCap (@CoinMarketCap) August 18, 2026

Leveraging this security flaw, the attacker generated over 3 trillion unauthorized ONE tokens through six separate transactions. To mitigate damage, Harmony executed a network rollback to an August 11 state, eliminating more than 109,000 standard transactions alongside 315 staking operations.

Notably, this wasn’t Harmony’s inaugural major security incident. In June 2022, malicious actors extracted approximately $100 million from the project’s Horizon cross-chain bridge infrastructure. Federal authorities subsequently linked that breach to North Korean cybercriminal organizations Lazarus Group and APT38.

Following August’s exploitation, the team indicated they were evaluating token migration as a potential response. Sunday’s proposal solidifies that strategic direction.

Options for Network Validators Current validators face three pathways forward: discontinue node operations, transition into governance roles, or participate in Harmony’s emerging AI video platform.

The project has allocated a $1.37 million compensation fund for validators who deactivate their nodes by the September 10 deadline, preserve their staked assets, and commit to governance participation.

This proposal carries no binding obligations. According to Harmony’s governance framework, approval demands 51% total stake participation and 66.7% affirmative votes following a 21-day deliberation period.

Harmony’s future strategy centers on an AI-powered video “remix economy,” enabling content creators to share open-source prompts while AI systems generate derivative video content from user contributions. The project estimates this advertising-supported model could yield tens of millions in revenue from a million-user base.

Altcoins have posted significant gains over the past month, fueled by a strong rally in major cryptocurrencies outside Bitcoin and stablecoins. Market data showed that the TOTAL2ES index, which tracks the market capitalization of all crypto assets except Bitcoin and stablecoins, climbed by nearly 32% during this period.

Large cap altcoins among top performersOver the past week, several established altcoins have recorded double-digit returns. Zcash and Dash, both legacy projects in the crypto sector, experienced notable rallies. Within the top 100 cryptocurrencies by market cap, Uniswap’s UNI token rose 39.1%, while Arbitrum’s ARB token surged 107.4%. Uniswap last traded at its current price levels in November of the previous year, while Arbitrum reached its highest value since early January.

Robinhood Chain, a blockchain network that launched approximately two months ago, emerged as a major catalyst behind this surge. Robinhood Markets, a publicly listed financial brokerage, operates the Robinhood Chain, which quickly became the top fee-generating network in the crypto sector. Uniswap and Arbitrum are closely tied to this ecosystem, with cumulative decentralized exchange (DEX) volume on Robinhood Chain surpassing $40 billion. The chain’s daily revenue reached more than $4 million, outpacing Ethereum, BNB Chain, Hyperliquid, and Base.

Mini dictionary: Robinhood Chain, a blockchain launched by Robinhood Markets, enables decentralized trading and has quickly become a leading source of protocol revenue with unique integration for tokenized financial assets.

Uniswap dominates Robinhood Chain tradingUniswap serves as the primary decentralized exchange within the Robinhood Chain ecosystem, handling the vast majority of trading activity. On Robinhood’s network, Uniswap captures 0.465% of every dollar traded, a higher rate than the 0.214% earned across its other deployments. This premium is partly due to tokenized stock pairs using Uniswap’s highest fee tiers, which recently grew to 4.1% of the chain’s volume from nearly zero in August.

Uniswap’s fee income has been rising sharply as “almost all of the trading happens there” and the exchange “earns more per dollar traded on that chain than it does elsewhere” due to higher fee tiers and increasing activity in tokenized asset pairs.

Fee switch accelerates UNI token burnsPreviously, UNI tokens played a limited role in the value capture from exchange activity. That changed with the introduction of the UNIfication upgrade, which activated Uniswap’s fee switch. Now, fees generated on the network are used to purchase and burn UNI, permanently reducing the token supply. As Robinhood Chain activity grows, additional fees drive up the rate of UNI token burns.

With the fee switch live, revenue from Robinhood’s surge “is now used to buy and burn UNI, permanently removing it from circulation.”

As more Robinhood users interact with the chain, Uniswap’s volume and corresponding fee income increase, directly boosting UNI burns.

Arbitrum earns revenue by designArbitrum’s relationship with Robinhood Chain is contractually defined. Robinhood Chain uses Arbitrum’s technology, and under the Arbitrum Expansion Program, the chain must send 10% of its net protocol revenue back to Arbitrum. This breakdown allocates 8% to the Arbitrum DAO treasury and 2% to the developer guild.

Mini dictionary: The Arbitrum Expansion Program is an initiative where blockchain networks built on Arbitrum technology share a portion of their protocol revenue with the Arbitrum DAO and its developer community.

Over a recent 30-day period, this arrangement generated about $1.32 million for Arbitrum, compared to $78.73 million that Uniswap has collected in trading fees from Robinhood Chain over the same timeframe. Notably, these funds are controlled by Arbitrum’s decentralized autonomous organization treasury rather than going directly to ARB token holders.

MetricUniswap (UNI)Arbitrum (ARB)30-day revenue from Robinhood Chain$78.73 million$1.32 millionRevenue destinationToken buy-and-burnDAO and developer treasuryMethod of accrualTrading fees collected and burned10% net protocol revenue shareFee concentration raises new exposure risksMost of Uniswap’s current fee revenue now depends on Robinhood Chain, a network operated by a regulated financial brokerage accountable to the US Securities and Exchange Commission and public shareholders. This marks a significant change for Uniswap, which historically spread its operations across many networks as a strategy to reduce risk.

If Robinhood were to adjust its swap routing, alter fee structures, or encounter regulatory challenges, Uniswap’s burn rate and, consequently, UNI’s market support could be immediately affected. This degree of reliance on a single network is unprecedented for Uniswap.

For now, however, Robinhood Chain’s record trading volume and rising network fees continue to drive upward price action in both UNI and ARB.

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Hanwha Investment & Securities has reportedly completed a tokenized securities platform supporting Avalanche as South Korea prepares to bring blockchain-based securities into its regulated capital markets system in February 2027.

Summary

Hanwha has reportedly built a tokenized securities platform supporting Avalanche and Hyperledger Besu. South Korea’s tokenized securities amendments are scheduled to take effect on Feb. 4, 2027. The FSC plans to initially allow tokenization of certain funds, bonds, unlisted stocks and fractional securities. Hanwha has expanded its tokenization investments through stakes in Securitize and Digital Asset. Seoul Economic Daily reported Sunday that the South Korean brokerage began developing the platform with blockchain technology firm FairSquare Lab in 2025. The system was built to operate across multiple networks, including Avalanche and enterprise Ethereum client Hyperledger Besu.

Development has come ahead of amendments to South Korea’s Electronic Securities Act and Capital Markets Act taking effect on Feb. 4, 2027. The changes will legally recognize distributed ledgers as securities registers and allow tokenized securities to operate within the country’s existing capital markets framework.

The Korea Securities Depository is preparing infrastructure capable of connecting with Avalanche, Hyperledger Besu and Hyperledger Fabric, giving securities companies several blockchain options as they build systems for the incoming framework.

Hanwha started work on the platform last year and has since completed development, Seoul Economic Daily reported, citing blockchain industry sources.

FairSquare Lab developed the system with support for more than one distributed ledger. Alongside Avalanche, Hanwha can use Hyperledger Besu, an Ethereum-compatible blockchain designed for enterprise deployments.

Several South Korean financial firms have already used enterprise networks such as Hyperledger Besu for token securities infrastructure. Hanwha’s system extends that approach to Avalanche, where institutions can establish dedicated networks with controls over participation and validators.

The Korea Securities Depository is preparing its own token securities infrastructure to communicate with different blockchain technologies. Its published distributed-ledger requirements cover Avalanche, Hyperledger Besu and Hyperledger Fabric.

Participation in connected distributed ledgers will remain limited to approved institutions, including securities companies and the depository. The KSD would participate directly in the networks to oversee total issuance and electronic registration information.

Demand from financial companies influenced the inclusion of Avalanche, according to Seoul Economic Daily. A KSD official told the publication that several companies had requested support through industry consultations and existing projects.

Avalanche has already been used for regulated tokenized securities infrastructure in Japan. In July, Progmat moved its tokenized securities platform from Corda 5 to a dedicated Avalanche Layer 1, transferring every active security token project managed through its system.

Those projects represented more than 452 billion yen in underlying assets and issued securities at the time of the migration. Progmat said the change made the securities compatible with the Ethereum Virtual Machine while retaining existing institutional controls.

The Japanese platform redesigned its architecture so business functions were no longer tied to a single blockchain, using a separate layer between its applications and underlying ledger. Progmat said the structure would allow other networks to be connected later.

South Korea tokenized securities rules start in February Hanwha’s platform arrives as South Korea finalizes the operating structure for tokenized securities before the February rollout.

The Financial Services Commission unveiled a three-stage implementation roadmap on Sept. 4, covering the types of securities that can initially be tokenized and how the market could expand after the amended laws take effect.

Crypto.news previously reported that South Korea’s tokenized securities roadmap will initially cover privately pooled money market funds and bonds reserved for institutional investors.

Unlisted shares issued through a trust structure and publicly offered fractional investment securities will qualify during the first stage as well.

The second phase would extend tokenization to all publicly offered securities. Regulators have not set a fixed date for that stage, with implementation depending on the results of the initial rollout and adoption of the required technology among market participants.

Under the final phase, the FSC plans to build onchain payment infrastructure linked to stablecoins, allowing the payment side of tokenized securities transactions to move onto blockchain rails.

Timing for the settlement system will depend partly on pending South Korean stablecoin legislation.

The roadmap follows amendments approved by the National Assembly in January that established a legal basis for distributed ledgers to serve as securities registers. Tokenized instruments will remain securities under existing financial laws instead of being treated as a separate asset class.

Regulators had been preparing the implementation details for months. In May, the FSC outlined its rulemaking schedule while studying how stocks, bonds and money market funds could be incorporated into the system.

The FSC said at the time that South Korea would not move its entire electronic securities market onto blockchain infrastructure at once. Authorities instead planned staged tests covering securities rights, trading, settlement and onchain payments.

Securities firms face infrastructure requirements Financial companies connecting their distributed ledgers to the Korea Securities Depository will have to pass screening and operating tests under the KSD’s technical guidelines.

Reviews will cover issuance and circulation functions alongside contingency measures for system errors and other disruptions. The FSC has said securities firms must maintain operational stability comparable to the existing electronic securities system while using distributed ledgers.

Existing financial investment companies will not need a separate license solely for handling tokenized securities. Firms can conduct tokenized securities activities falling within their current licensed business areas.

Companies seeking to intermediate tokenized securities transactions on over-the-counter markets will need prior consultation with the Financial Supervisory Service.

Retail investors will face separate limits. The FSC has proposed capping individual subscriptions to non-monetary trust beneficiary certificates at the lower of 30 million won or 5% of the total issuance.

Annual net purchases by retail investors on each OTC exchange will be capped at 100 million won.

South Korea is preparing central market infrastructure at the same time. Samsung SDS has been developing a token securities platform for the Korea Securities Depository designed to connect blockchain records with the country’s existing electronic securities account infrastructure.

The platform is expected to support issuance, circulation checks, rights management and monitoring when the new system begins operating.

Hanwha expands its tokenization investments Hanwha has spent several years building positions across companies involved in tokenization and blockchain infrastructure.

The conglomerate became Securitize’s largest shareholder after holdings spread across three affiliated entities reached a combined 9.6%, according to U.S. regulatory filings.

As reported in July, entities linked to Hanwha collectively held 15.69 million Securitize shares, putting the group ahead of Blockchain Capital and Securitize co-founder and CEO Carlos Domingo.

A private equity fund managed by Hanwha Asset Management accounted for a 5.9% stake. H Foundation, a Hanwha Systems subsidiary, held 3.1%, while Hanwha Investment & Securities controlled roughly 0.6%.

Hanwha Investment & Securities described its own purchase as a financial investment through a pre-IPO financing round. The brokerage left open the possibility of using the investment in its digital asset and real-world asset tokenization businesses.

Securitize provides tokenized asset infrastructure for financial institutions including BlackRock, Apollo, BNY, Hamilton Lane, KKR and VanEck. Its platform managed more than $4 billion in onchain assets and supported more than 650 tokenized funds earlier this year.

The company went public on the New York Stock Exchange under the ticker SECZ in July and issued blockchain-based versions of its common shares on Solana and Avalanche on the same day. The tokens represent the same NYSE-listed shares instead of a separate security class.

Hanwha Investment & Securities has put money into several other blockchain companies this year, including blockchain research and data company Xangle and Web3 infrastructure provider Kresus.

In July, the brokerage disclosed a 30 billion won, or roughly $22.3 million, investment in Digital Asset, the operator of the institutional-focused Canton Network.

Hanwha Investment & Securities has increased its position in South Korea’s crypto sector as well, investing another 597.8 billion won in Dunamu, the operator of Upbit, and raising its ownership stake to 9.84%.

Solana, a major smart contract blockchain known for high throughput, is trading at approximately $106.50 after gaining 3.1% in the past 24 hours. This price recovery moves Solana close to the recent resistance area around $110, following a bounce from lows recorded in August near $75 to $80.

Transaction V1 prepares for mainnet launchSolana is set to introduce its Transaction V1 upgrade on September 9. This upgrade increases the maximum transaction size from 1,232 to 4,096 bytes, allowing developers to process more complex cryptographic operations such as zero-knowledge proofs and larger multisignature transactions within a single transaction.

Transaction V1 will allow 3.3 times more transaction space and can accommodate sophisticated functionalities like ZK proofs, BLS signatures, lengthy multisig processes, and confidential transfers, according to official Solana Foundation guidance.

The Solana Foundation, the organization supporting Solana’s ecosystem, explained that legacy and version 0 transaction formats will remain valid. Developers may select the V1 format only when their applications require larger transactions.

Address lookup tables are omitted from the new V1 format since up to 64 accounts can now be included directly within a transaction. The earlier formats retain their current approach for compatibility.

Testnet activation for Transaction V1 began on September 1 to help developers test and ensure system compatibility. Infrastructure providers are also updating their tools to handle the new transaction type efficiently.

Solana’s RPC clients, indexers, and pipeline applications must recognize and correctly process V1 transactions to prevent errors. Service providers like QuickNode have indicated that projects may require updated SDKs.

Mini dictionary: Zero-knowledge proofs (ZK proofs), a type of cryptographic protocol, enable verification of a statement’s validity without revealing the underlying data. This enhances privacy and scalability in blockchain applications.

Liquidity clusters and technical levelsCurrent technical data highlights two major liquidity concentrations above Solana’s market price. The nearest liquidity band is observed between $115 and $120, just above the recent $110 resistance. Should the price continue rising, reaching this cluster could trigger further volatility or possible reversals.

Liquidity ZonePrice RangeSignificanceNearest Cluster$115 – $120First major overhead liquidity, near recent resistanceLarger Pool$145 – $150Major upside cluster, prior resistance levelKey Support$90.46 – $94.83Main support zone for current structureA more significant liquidity cluster remains further overhead between $145 and $150. This region previously acted as a resistance, suggesting that any move into this area would likely encounter selling or increased volatility.

The liquidation heatmap shows where leveraged positions have built up, with major clusters currently located between $115 to $120 and in the $145 to $150 range. While such clusters do not guarantee price movement, they do outline potential zones for large market reactions.

Wave analysis and support levelsMarket analyst More Crypto Online described Solana as currently trading within a corrective wave 4 structure. Recent price movements exhibit overlapping three-wave patterns after rejecting from the $110 zone.

According to the analyst, the ongoing bounce could carry Solana above its September 3 high, acting as a B-wave, before another C-wave drop completes the correction. The crucial support area remains between $90.46 and $94.83. Sustaining this level is considered essential for a potential fifth wave upward once the correction finishes. A drop below $90.46 might lead to a deeper decline, invalidating the bullish configuration.

6 hours ago

According to GMGN market data, today’s meme coin market continues rotating between Robinhood Chain and Solana, with capital rapidly switching between high-market-cap leading tokens and new narrative assets. Trading activity on Robinhood Chain remains centered on MEME, BONER, and PONS, while Solana’s meme space is driven by zec and STONK. On Robinhood Chain, PONS became the first token on the chain to challenge a $1 billion market cap yesterday, peaking at $990 million before consolidating at a high level. The meme coin is currently trading at ~$0.801, with a market cap of ~$802 million, a 15.4% 24-hour drop, and $136 million in 24-hour trading volume. MEME surged yesterday, hitting a market cap of ~$174 million before pulling back. It is now priced at ~$0.096, with a market cap of ~$96.5 million, a 118% 24-hour gain, and $108 million in 24-hour volume. BONER has rallied again, with its market cap briefly exceeding $80 million; GMGN data shows its all-time high market cap is ~$89.3 million. The meme coin is trading at ~$0.067, with a market cap of ~$67 million, a 114% 24-hour gain, and $31.3 million in 24-hour volume. Over on the Solana network, zec also boasts high trading activity, with its market cap briefly hitting ~$114 million. The meme coin is priced at ~$1,184, with a market cap of ~$113 million, an 11.8% 24-hour gain, and $90.5 million in 24-hour volume. zec is primarily tied to Zcash/ZEC-related narratives, drawing capital amid broader privacy coin trends and Solana meme coin momentum. Additionally, Solana’s STONK has also seen strong performance, with its market cap briefly hitting ~$191 million. The meme coin is priced at ~$0.165, with a market cap of ~$145 million, a 141% 24-hour gain, and $104 million in 24-hour volume. STONK is linked to the stonkfun ecosystem and stands as one of the most concentrated new trading hotspots on Solana in recent times.

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DeFi researcher Ignas posted on X that today’s crypto market shows signs of capital rotation from Robinhood Chain to Solana. Over the past 24 hours, Solana ecosystem tokens have posted strong gains: RAY rose roughly 60%, JUP gained 21%, ORCA climbed 12%, and MET increased 13%. By contrast, AI fell 11.5% while CASHCAT dropped 5.8%. Robinhood Chain’s meme coin sector as a whole declined around 16.5%. Meanwhile, cross-chain fund flow data shows Solana’s bridge recorded a net inflow of approximately $18.8 million over the past day, while Robinhood Chain saw a net outflow of $47.8 million. Though these bridge volumes remain small relative to the total value locked (TVL) of both chains, the capital shift may signal some traders taking profits on Robinhood Chain’s meme coins and shifting to Solana’s trading infrastructure tokens to continue participating in the related market rally. Notably, STONK — the launchpad token that pairs meme coins with tokenized stocks, fiat currencies and other assets — surged roughly 360% at one point today, emerging as a key market focus.

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US-listed Bitcoin (BTC) exchange-traded funds (ETFs) pulled in $986.9 million during the week ending September 4, according to SoSoValue data. Inflows into Ethereum (ETH), Solana (SOL), XRP (XRP), and Hyperliquid (HYPE) products fell between 73% and 96% that week.

Bitcoin funds lifted their weekly haul by 6.7%. The four other major product groups moved in the opposite direction after a strong showing the week before.

Altcoin Funds Give Back a Week of GainsThe week ending August 28 told the reverse story. Bitcoin ETFs took in $924.5 million that week, roughly half the $1.92 billion collected a week earlier.

Solana products jumped 443% to $153.9 million during that stretch. XRP funds climbed 178% to $110.5 million, and Hyperliquid funds reached $56.9 million.

Those gains vanished within five trading days. Solana ETFs took in $6.2 million, XRP funds took in $19 million, and Hyperliquid funds took in $12.3 million.

None of the five recorded a net outflow. The shift, therefore, points to slower buying rather than investors pulling capital out.

Trading activity cooled across the board, including in Bitcoin. Turnover in the Bitcoin funds dropped to $14.5 billion from nearly $19 billion, while Ethereum turnover fell to $4.1 billion.

Change in Weekly Spot ETF Net Inflows, Week Ending September 4 versus Week Ending August 28, 2026. Source: SoSoValue/BeInCryptoFollow us on X to get the latest news as it happens

Prices Refused to Follow the MoneySpot prices stayed narrow across all five assets. Bitcoin gained 2.58% over the five trading days to September 4.

Ethereum rose 1.09%. XRP added 3.02%, while Hyperliquid gained 5.76%.

Solana trailed the group with a 0.18% gain. Its fund assets slipped over the same stretch, to $1.41 billion from $1.43 billion.

Bitcoin opened Friday at its highest price since May 12. The move followed remarks from Federal Reserve Governor Christopher Waller about the coming inflation reading.

The August employment report then landed on the final day of the flow week. Payrolls rose 162,000 against a forecast near 53,000, and traders raised bets on a Fed hike this month.

That reading runs counter to the dovish signal that pulled money into Bitcoin funds on Thursday. The August inflation print, due September 11, will test how the flows hold up.

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