Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here. This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
From 2026-08-14 00:00 (UTC), Binance will launch an airdrop campaign rewarding all eligible users who hold Ripple USD (RLUSD) on our platform. Eligible users will share rewards from a grand prize pool of 1 million XRP tokens.
XRP will be distributed as weekly rewards to RLUSD holders every Friday.
Campaign Period: 2026-08-14 00:00 (UTC) - 2026-09-11 00:00 (UTC)
How to Participate:
Eligible users must hold RLUSD in balance (net assets), in any of the following account categories on Binance:
Earn Account (RLUSD in Flexible Savings);Margin Account (RLUSD in Cross Margin, Isolated Margin, or Portfolio Margin);
Eligible users will have to maintain at least 0.01 RLUSD in their Earn or Margin Accounts, and an average daily Margin or Futures trading volume of at least $500 on any trading pairs to qualify for rewards during the Reward Period.
Qualifying Trading Volume: $500 in Margin or Futures trading volume can be in any tokens, as long as users are using RLUSD as collateral.
RLUSD acquired by borrowing the other stablecoins will receive a haircut of 60%, after accounting for liabilities in Margin Accounts from other stablecoins, including USDT, USDC, U, USD1, and FDUSD.
Campaign Details:
Prize Pool: 1 million XRP tokens will be distributed over 4 weekly installments. Distribution: Rewards will be airdropped directly to eligible users’ Spot Accounts of their Binance master accounts. Distribution Frequency: Weekly airdrops during the Campaign Period.
Reward Distribution:
Rewards start accruing from 2026-08-14 00:00 (UTC). Weekly rewards will be distributed by 18:00 (UTC) every Friday in XRP tokens. Distribution records can be found in Distribution history.
The Weekly Reward Amount will be roughly calculated as follows:
Qualifying Balance of each day = the lowest RLUSD balance recorded across all hourly snapshots for that day.Weekly Rewards = (7-day average of the Qualifying Balance * Effective APR on the distribution day * 7) / 365
After each weekly distribution, the effective APR for that period will be updated in this announcement. In determining the effective APR on the distribution day, Binance will take into account a number of factors, including, without limitation:
Lowest balance of the snapshots each day;The daily aggregated amount of Qualifying Balances across all eligible holders of RLUSD;7-day average across all eligible holders of RLUSD
For RLUSD acquired through borrowing other stablecoins:
Eligible balance in Margin Account = RLUSD Balance Before Leverage + Leveraged Amount * (1 - 60%):
RLUSD Balance before Leverage = MAX [RLUSD Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0] Leveraged Amount = RLUSD Balance in Margin Account - MAX [RLUSD Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0]
Note: ”Other Stablecoins” include USDT, USDC, U, USD1, FDUSD.
PeriodEffective APRXRP Token Value1st Distribution on 2026-08-21Reward Period: 2026-08-14 00:00 (UTC) to 2026-08-21 00:00 (UTC)To be updated on 2026-08-21To be updated on 2026-08-212nd Distribution on 2026-08-28Reward Period: 2026-08-21 00:00 (UTC) to 2026-08-28 00:00 (UTC)To be updated on 2026-08-28To be updated on 2026-08-283rd Distribution on 2026-09-04Reward Period: 2026-08-28 00:00 (UTC) to 2026-09-04 00:00 (UTC)To be updated on 2026-09-04To be updated on 2026-09-044th Distribution on 2026-09-11Reward Period: 2026-09-04 00:00 (UTC) to 2026-09-11 00:00 (UTC)To be updated on 2026-09-11To be updated on 2026-09-11
Case examples:
User A holds 10,000 RLUSD as collateral in Margin throughout week 1, trades a total of $7,000 qualifying trading volume in Margin throughout week 1. Effective APR is 20%, User A's rewards due to be received at the end of week 1 will be as follows:$7,000 / 7 = $1,000 > $500, qualify for rewards. (10,000 * 20% * 7) / 365 = 38.35 USD worth of XRPUser B borrowed 5,000 RLUSD from VIP loan or Margin, which is treated as a “liability”. Among this borrowed 5,000 RLUSD, 4,000 RLUSD was used as collateral in Margin, the remaining 1,000 RLUSD was held in their EARN Account in week 1. The effective APR is 20%, User B’s rewards due to be received at the end of week 1 will be as follows:Qualifying Balance = 0 [(0 * 20% * 7) / 365] = 0 USD worth of XRPUser C traded a total of $7,000 qualifying trading volume in Margin throughout week 1. The user had 1,000 RLUSD in the Margin Account and used it as collateral to borrow 4,000 USDT through Margin (“Liabilities of the other Stablecoins”), then converted this 4,000 USDT to RLUSD. The user therefore holds 5,000 RLUSD in the Margin Account (“RLUSD Balance”) during week 1. The effective APR is 20%, User C’s rewards due to be received at the end of week 1 will be as follows:$7,000 / 7 = $1,000 > $500, qualify for rewards. Qualifying Balance = MAX [5,000 - 4,000, 0] + {5,000 - MAX[5,000 - 4,000, 0] } * (1 - 60%) = 1,000 + (5,000 - 1,000) * (1 - 60%) = 2,600(2,600 * 20% * 7) / 365 = 9.97 USD worth of XRP
Important Notes:
Users may not be eligible for rewards if there are active restrictions on their accounts.Sub-account trading volume and balances are aggregated at the Master Account level for calculation, and rewards are distributed only to the Master Account. For Broker accounts, the rewards will be distributed to virtual sub-accounts. Users’ RLUSD Qualifying Balance will be calculated as net assets (assets minus liabilities). RLUSD as liabilities (e.g., borrowed from VIP loans, Margin loan, etc) will be excluded from the Qualifying Balance for this campaign. Snapshots of user balances and total qualifying balances will be taken at any time during each hour to get users’ hourly balances in the above mentioned account categories. The lowest RLUSD balance captured during those snapshots on each day will constitute their Qualifying Balance and be used to calculate their rewardsFor example, a user’s lowest RLUSD balance captured on day 1 is zero, then their qualifying balance for that day is zero. At any snapshot time, any one of users’ supported assets must be greater than 0.01 RLUSD to be included in the calculation.Users are recommended to maintain their RLUSD holding throughout the Campaign Period to maximize their rewards. Qualifying Trading Volume is rounded up to the nearest whole number. If all of a user’s qualifying trading volume is recorded under a sub-account, and that sub-account is deleted on a given day, then the user’s qualifying trading volume for that day will be treated as zero.Rewards distributed are rounded down to 2 decimal places. Kindly note that the distribution time is not guaranteed and may change from time to time.There is no individual cap on rewards. Users’ rewards depend on their qualifying balance relative to the total qualifying balance of all eligible users and other factors.Stay tuned for weekly reward distributions and updates on the Campaign.
Terms and Conditions:
Users may not be eligible for rewards if there are active restrictions on their accounts.XRP token value for airdrop distribution will be based on the official Binance market closing price on the day before the airdrop distribution date.Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly balances in the abovementioned account categories. The lowest RLUSD balance captured during those snapshots on each day will constitute the user’s Qualifying Balance and be used to calculate their rewards.At any snapshot time, a user's balance must be greater than 0.01 RLUSD to be included in the calculation.Broker accounts are eligible for this campaign. Binance reserves the right to periodically update the rules to accommodate changes in legal, regulatory, or other factors.Users must complete account verification (KYC) and also be from an eligible jurisdiction to participate in the campaign. Currently, users residing in the following countries or regions will not be able to participate in the RLUSD campaign (notwithstanding that they may hold RLUSD): Åland Islands (Finland), Austria, Belgium, Bulgaria, Canada, Crimea (Ukraine – disputed territory), Croatia, Cyprus, Czech Republic, Denmark, Democratic People’s Republic of Korea, Donetsk People’s Republic, Estonia, Faroe Islands, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Islamic Republic of Iran, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luhansk People’s Republic, Luxembourg, Malta, Martinique, Mayotte, Netherlands, Norway, Poland, Portugal, Republic of Cuba, Réunion, Romania, Russian Federation, Saint Martin (French part), Slovakia, Slovenia, Spain, Sweden, United Kingdom, United States of America and its territories.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Binance reserves the right to suspend any user's Margin borrowing at any time, without prior notice, in its sole discretion, if any abnormal or suspicious activity is detected.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2026-08-14
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. The APR is calculated weekly, and is expressed as an annualised percentage yield for illustrative purposes only. Each APR is not indicative of future results. The APR is likely to fluctuate week-to-week and the estimated rewards may differ from the actual rewards generated. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use, and our Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
Norský státní fond Government Pension Fund Global odhalil podíl 6 151 062 akcií v BitMine Immersion Technologies v hodnotě 81,87 milionu USD. Tím získává nepřímou expozici vůči Ethereu přes firmu, která drží asi 5,8 milionu ETH.
The world’s largest sovereign wealth fund just quietly bought its way into one of the most aggressive Ethereum accumulation plays on public markets. Norway’s Government Pension Fund Global disclosed a 6,151,062-share position in BitMine Immersion Technologies, valued at $81.87 million, according to a Norges Bank holdings filing for the quarter ended June 30.
The stake gives Norway’s $1.7 trillion fund indirect exposure to Ethereum through BMNR, a company that has pivoted from Bitcoin mining to hoarding ETH like it’s going out of style. As of early August, BitMine held approximately 5.8 million ETH, representing roughly 4.8% of Ethereum’s total circulating supply.
From Bitcoin miner to Ethereum whale BitMine’s transformation has been swift and deliberate. The company launched its ETH treasury strategy on June 30, 2025, raising $250 million in a private placement to fund the pivot. That same day, Thomas Lee was appointed chairman, marking a clean break from the firm’s legacy mining operations.
The playbook borrows heavily from MicroStrategy’s Bitcoin treasury model, but applies it to Ethereum with one crucial twist: staking. Of BitMine’s 5.8 million ETH holdings, more than 5 million are currently staked, generating yield that the company projects will produce hundreds of millions in annual revenue.
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BitMine has been winding down its self-mining operations while maintaining some ancillary Bitcoin holdings. The company now focuses on ETH per share as its primary performance metric, a framework that makes it easier for traditional investors to evaluate the stock as a leveraged bet on Ethereum’s price.
The target is ambitious. BitMine wants to hold 5% of Ethereum’s circulating supply, and at 4.8%, it’s nearly there.
Why Norges Bank’s position matters Norges Bank hasn’t publicly commented on its strategic rationale for the BMNR stake, which is typical for the fund. Norway’s wealth fund holds thousands of positions across global equity markets, and individual holdings don’t necessarily reflect targeted conviction bets. The fund’s mandate is broad diversification across public equities, fixed income, and real estate.
Norway’s fund has previous form with crypto-adjacent investments. It has held positions in companies like Coinbase, MicroStrategy, and various Bitcoin mining firms through its broad equity portfolio. But a stake in a company whose explicit corporate strategy is to accumulate and stake as much ETH as possible represents a different category of exposure.
The distinction matters because staking introduces yield dynamics that don’t exist in Bitcoin treasury plays. When MicroStrategy holds Bitcoin, it sits there. When BitMine stakes Ethereum, it earns protocol rewards. That transforms the investment thesis from pure price appreciation to something closer to a yield-bearing digital asset strategy, wrapped in a public equity shell.
Institutional validation and market implications For Ethereum’s market dynamics, having a single entity control nearly 5% of circulating supply creates interesting pressure. That volume of ETH locked in staking reduces available supply on exchanges, which can amplify price movements in either direction.
When the world’s largest sovereign wealth fund shows up in the shareholder registry of an ETH accumulation vehicle, it lowers the perceived career risk for portfolio managers at pension funds, endowments, and family offices considering similar exposure. The logic is straightforward: if Norway’s fund can hold it, the compliance conversation gets easier for everyone else.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tether oznámil dokončení prvního nezávislého auditu rezerv USDT od KPMG U.S. Firma uvedla, že KPMG fyzicky ověřila i zlaté cihly v rezervách. USDT má tržní kapitalizaci přes 183 miliard USD.
Tether, the issuer of the world’s largest stablecoin USDT, has announced the completion of its first independent audit of reserves, conducted by KPMG U.S. The El Salvador-based company described the review as the most extensive inaugural financial audit in history.
KPMG signs off on Tether’s reservesFor years, Tether faced criticism for a lack of transparency regarding its reserve holdings. Industry observers regularly questioned the absence of an independent, thorough audit conducted by one of the Big Four accounting firms.
According to Tether, KPMG performed a detailed review, including the physical verification of each gold bar held in its reserves. The audit included independent substantive testing and verification of all assets and statements, rather than relying solely on reports from external custodians or counterparties.
Tether stated that this process involved KPMG physically counting and inspecting each gold bar to confirm its existence and identifying features.
CEO Paolo Ardoino addressed the doubts surrounding the review, stating that detractors have long claimed an audit of Tether could not be completed and accused the company of avoiding rigorous scrutiny. “We have once again proven them wrong. Completing our financial statement audit sets a new standard for the industry and reflects the leadership we’ve brought to this market from the start,” Ardoino said.
“They said the Company refused to subject itself to the most rigorous scrutiny. We have once again proven them wrong. Completing our financial statement audit sets a new standard for the industry and reflects the leadership we’ve brought to this market from the start.”
Tether did not refer specifically to its sizeable Bitcoin reserves within the audit statement and did not immediately respond to external inquiries on this point.
Mini dictionary: KPMG, one of the “Big Four” accounting firms, provides audit, tax, and advisory services for major corporations and financial institutions worldwide, and an independent reserve audit by such a firm is considered a significant benchmark of transparency in the financial sector.
Breakdown of Tether’s reservesTether, established as a leading stablecoin issuer, holds a diversified reserve portfolio that includes gold, U.S. Treasuries, and substantial holdings of Bitcoin. Recent years have seen the company increase its gold acquisitions and amass nearly $60 billion in Bitcoin, according to Arkham Intelligence.
With its USDT stablecoin, Tether has reached a market capitalization of over $183 billion, making it the world’s third largest cryptocurrency by market value.
AssetDetailsGoldPhysically inspected and verified by KPMGBitcoinNearly $60 billion held in reserves (Arkham Intelligence)US TreasuriesHoldings exceed reserves of some countriesArdoino further highlighted Tether’s evolution, emphasizing that the firm has grown from a disruptive stablecoin issuer into one of the most significant private financial companies globally. He commented, “This audit demonstrates that our financial infrastructure and governance have evolved alongside that responsibility.”
“This audit demonstrates that our financial infrastructure and governance have evolved alongside that responsibility.”
The completion of the audit marks a milestone for Tether and the broader stablecoin sector, addressing longstanding calls for transparency and independent validation of reserves.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Kain Warwick ze Synthetix označil 50% podíl Hyperliquidu z poplatků pro externí tvůrce trhu za neudržitelný. Upozornil, že klesající tržby i buybacky HYPE ukazují, proč se to podle něj změní.
On Uneasy Money, the Infinex and Synthetix founder called Hyperliquid’s decision to hand outside market builders half of all trading fees “a bit crazy,” and argued that falling revenue and shrinking HYPE buybacks show why it will have to change.
Original Image Credits: ddRender / Shutterstock.com
Posted August 13, 2026 at 6:46 pm EST.
Hyperliquid lets outsiders spin up their own trading markets and keep half the fees they generate. On the August 12 episode of Unchained’s Uneasy Money, Kain Warwick, the founder of Infinex and Synthetix, argued that the arrangement cannot hold, and that the exchange will be forced to claw back the cut it now shares with those builders.
Hyperliquid’s HIP-3 system lets anyone stake 500,000 HYPE, worth about $28 million at current prices, to deploy a permissionless perpetual-futures market and keep up to half of the trading fees it generates. Those builder-run markets, most of them tokenized real-world assets such as stocks and commodities, have grown from roughly 2% of Hyperliquid’s volume at the start of 2026 to about half today, DefiLlama data shows.
A fee split Warwick calls ‘a bit crazy’ Warwick said he had watched the same fight play out at Synthetix, where market makers pushing to run the order books “always wanted it to be like 80/20,” and never got there. At Synthetix, “the highest it ever got to was like 30%,” he said on the show, adding that outside parties asking for a bigger share always arrive with a sob story about how expensive and difficult the work is. Against that history, Hyperliquid’s terms struck him as an outlier. “The fact that Hyperliquid has landed on 50% of the fees is a bit crazy,” he said on the podcast. “I can’t see how that’s sustainable.”
His reasoning was that Hyperliquid holds the pricing power. Builders can take their markets elsewhere, but “there is no competitor to Hyperliquid” itself, Warwick said on the show — the “mothership,” as he put it — so the exchange can lower the builder cut over time without losing the underlying venue. “I think 50% was an opening offer that probably is gonna change,” he said on the podcast.
Revenue and buybacks are falling as usage climbs The numbers behind the segment show why the split matters to HYPE holders. Hyperliquid routes nearly all of its own share of trading fees, about 99% excluding the builders’ cut, into an Assistance Fund that buys back the token, so a smaller protocol take means a smaller buyback. Gross revenue has fallen for four straight quarters even as trading volumes held up, sliding from roughly $357 million in the third quarter of 2025 to about $202 million in the second quarter of 2026, a 43% drop, DefiLlama data shows. Quarterly buybacks fell over the same span, from nearly $290 million to about $149 million.
Volume is barely down, Warwick noted, so the gap is a matter of who collects the fees rather than fewer fees being paid. The fees are “just going to different people,” he said on the show.
One builder holds most of the risk The open interest is heavily concentrated. A single builder, trade.xyz, accounts for more than 90% of all HIP-3 open interest, and tokenized real-world-asset perpetuals hit a record $3.6 billion in open interest in July, surpassing bitcoin’s open interest on the platform, DefiLlama data shows. Warwick’s concern cut both ways: the platform depends heavily on one counterparty, and that counterparty depends entirely on a protocol it does not control. “You never wanna be fully reliant on one platform,” he said on the show, noting that Hyperliquid could cut a builder’s fees, or absorb its markets, at any time.
HYPE recently traded around $57.66, DefiLlama data shows, below its June record of $76.67, with the protocol still burning tokens from daily fees.
Related Listen: Claude Found a 4-Year Zcash Bug. Now It Won’t Audit DeFi: Uneasy Money
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Polkadot [DOT] fell below $0.80 as sellers erased another part of the token’s early-August recovery.
The weakness comes after Grayscale abandoned plans for its proposed Polkadot Trust ETF, with the decision removing a potential US-listed investment product for DOT. Although, before the withdrawal, the token was already losing ground, according to analysis of its price chart.
Grayscale walks away from Polkadot ETF Grayscale submitted its withdrawal request to the US Securities and Exchange Commission on August 7, saying it was not continuing with the planned distribution of the trust’s shares.
Its registration statement had been active since August 2025, but the product never reached the market, and the latest filing provides no reason for the decision.
Importantly, the SEC did not reject the ETF, but it was Grayscale that chose to withdraw its registration before any shares were issued or sold.
The company also withdrew some other proposed products within minutes of the Polkadot filing, making it difficult to see the move as a negative judgement on DOT.
But with this move, Polkadot loses a possible route for investors seeking exposure through a regulated US-listed product, and whether another issuer eventually pursues a DOT ETF remains unclear.
Can Polkadot price recover above $0.80? DOT traded near $0.774 on August 13 after its latest rebound was unable to move beyond $0.87.
The token has now dropped below $0.79–$0.80, an area that previously helped buyers contain declines, but as it is unable to hold that level, it leaves the recovery looking increasingly shaky.
There was an increase in trading activity picked up when DOT turned lower in early August. On-Balance Volume has also continued to fall, suggesting buying interest has weakened alongside the price.
Source: TradingView The next area to watch is around $0.75. Buyers defending that level could give DOT another opportunity to challenge $0.80, and a break below it would instead put $0.70 back in view.
Even a return above $0.80 would only be an early improvement, but DOT would still need to overcome $0.86–$0.90, where its witnessed a sell-off, before the broader recovery becomes more convincing.
Final Summary Grayscale voluntarily withdrew its proposed Polkadot ETF alongside other planned crypto products. DOT has lost $0.80, making $0.75 important for preventing another move towards $0.70.
Ethereum-based decentralized exchange (DEX) Uniswap is grossly undervalued according to digital asset manager Bitwise. The firm’s leadership said the DEX is currently viewed as a “crypto trading app” eyeing the $2 trillion market.
But this is a “wrong framing” according to Bitwise CIO Matt Hougan. For him, the DEX is now not restricted to the crypto market. Credit and stock markets, amid a rapid tokenization boom, are also up for grabs.
For his part, Hunter Horsely, Bitwise CEO, noted,
The TAM for platforms like Uniswap, Aave, Morpho, etc is expanding beyond just crypto asset volume. ‘Onchain finance’ is a big opportunity for the space.
Amid tokenization and prediction markets, most analysts believe DEXs and crypto venues’ total addressable market (TAM) covers traditional capital markets.
Currently, the crypto segment is only $2T. Gold’s market is $30T, while the stock and credit sectors stand at $150T and $350T, respectively.
In other words, crypto trading venues can eye a nearly $600T capital market. And Uniswap is already making moves for this expanded potential.
Since the Robinhood Chain integration last month, Uniswap has seen massive traction. One of the major growth segments is real-world assets (RWA) tokenization. The sub-sector has hit record $2.5B in volume, dominated by tokenized stocks.
Source: Blockworks
Reacting to the explosive traction, Uniswap CEO Hayden Adams said,
Crazy to see it actually happening after all these years.
To further capture the tokenization boom and allow U.S investors regulated access to the products, Uniswap unveiled ‘permissioned pools.’ It comes with an allow-list for screening against sanctioned persons and organizations.
Will it boost UNI’s next leg of rally?
That said, the boom is expected to improve collected revenue, which directly goes into UNI buyback and burn program. In Q3, UNI rallied 95% from $2.3 to $4.5 thanks to the traction and renewed speculative activity across Robinhood Chain.
But UNI has since cooled off by 25% and eased to $3.46. Still, the pullback has hit a pivot inflection point of the 50% Fibonacci retracement level and the 200-day Moving Average (MA).
Source: UNI/USDT, TradingView
If Uniswap [UNI] bulls defend the 200-day MA, the altcoin could recover the August losses and reclaim $4.5. But cracking below the support would open the possibility of an extended dump to $3.0.
However, in the long run, Standard Chartered Bank expects UNI to rally 40x to $100, citing the tokenization boom.
Final Summary
Uniswap RWA volume hit record $2.5B, led by tokenized stocks
UNI’s 25% pullback in August has hit an inflection point at $3.46
XRP krátce spadl pod 1 USD a za měsíc odepsal přes 5 %, zatímco dlouhodobí držitelé dál hromadí. Toky do ETF jsou ale téměř nulové a na derivátech převládá prodejní tlak.
XRP has just lost a level it had defended since late 2024. Briefly falling below $1, Ripple’s token now shows more than a 5% drop over one month, unlike Bitcoin, Ethereum, and Solana. Yet behind this weakness lies a paradox: long-term investors are massively accumulating, while derivatives markets intensify selling pressure and flows to ETFs have sharply dried up. Two opposing forces now clash around XRP, and their duel could determine the token’s next move.
In Brief
XRP suffers a drop of more than 5% over one month and slips below $1, against the modest gains of Bitcoin, Ethereum, and Solana.
The cohort of wallets holding at least 1 million XRP has grown by 32 in three months, taking advantage of the drop to accumulate.
XRP deposit addresses on Binance have dropped by 96%, confirming investors’ intention to keep their tokens out of selling circuits.
Net flows on XRP spot ETFs have fallen to zero over the last four sessions, totaling only one million dollars in the first twelve days of August.
The silent accumulation of major investors and the drying up of deposits
Despite a continuously falling double-digit market capitalization over recent weeks, on-chain indicators attest to massive accumulation by the biggest holders in the market. According to analysts at Santiment, 32 new wallets have been added to the number of addresses holding at least one million XRP during the last three months. Thus, these gradual acquisitions methodically absorb the coordinated bearish pressure from retail investors.
Santiment’s team of experts views such dynamics as a long-term conviction strategy. They state: “when the number of wallets holding at least one million XRP increases while market capitalization decreases, it means the strong hands absorb the panic. Patience takes precedence over mere speculative enthusiasm related to price, and the prospects of future volatility become all the more attractive for buyers.” Additionally, there is a quantitative increase in daily interactions due to user behavior on the network. Active addresses rose from 26,400 in July to 35,700 in August. August 11th saw a peak in activity, unmatched since June 5th.
The current state of centralized exchanges shows tokens locked outside immediate selling circuits. Data published by CryptoOnchain reveals a considerable drop of 96% compared to monthly and quarterly norms. Meanwhile, inflow and outflow volumes have respectively fallen by 79% and 85% relative to their 90-day moving averages. Moreover, for CryptoOnchain’s analyst, this trend reflects strict retention of XRP coins: “The network records strong activity, but tokens are not transferred to exchanges to be sold.” In this context, the majority of long-term XRP holders, far from succumbing to general panic, deliberately chose to isolate their positions off-exchange despite the price correction.
Such resilience by the network’s historical holders is reflected through various accumulation metrics :
Growth in the number of whales : wallets holding at least one million XRP have increased by 32 over the last three months, amidst falling prices ;
Collapse of deposit activity on Binance : a 96% drop in XRP deposit addresses compared to usual averages, alongside a decline in inflows (-79%) and outflows (-85%) ;
Steady increase in network usage : daily active addresses rose to an average of 35,700 in August (up from 26,400 in July), peaking on August 11.
Stagnant adoption under selling pressure from derivatives
Despite the strength of activity from historical wallets, this does not demonstrate an ecosystem growth nor buying momentum on futures markets. In this perspective, Santiment nuances the overall picture. The analytics platform indicates that new address creation is stubbornly stagnant at 2,260 per day currently, compared to 2,270 in July. Analysts state: “presenting the situation as growing user activity is only half true. The existing user base is simply conducting more transactions, but the overall number of wallets is not increasing.”
Without new dynamism in the network, short-term speculation would continue to influence prices. Regarding the derivatives market on the Binance exchange, selling pressure is firmly established. The taker buy/sell ratio plunged to 0.86, its lowest value since May. Analyst Arab Chain highlights the significance of this figure: “a value below 1 indicates that the volume of sell orders executed by traders exceeds buy orders, thus reflecting clear selling pressure from market participants operating directly on the market.”
A Cumulative Volume Delta (CVD) confirms this clear dominance of sellers. The indicator remains in the red around –4.15 million, despite maintaining a 0.84 correlation with price. Arab Chain draws this conclusion: “despite strong CVD-price correlation, the CVD value remains anchored in negative territory. This shows market flows strongly favor selling, proving buying activity is insufficient to shift net flow balance into positive territory.” Therefore, short-term sellers continue setting the pace against buyers unable to reverse the trend in order books.
The scarcity of flows on XRP ETFs
Institutional investors are also slowing down. Data from SoSoValue shows that XRP ETFs have recorded a zero net balance over the last four sessions. Such a steep decline was spectacular in the week ending August 7.
Indeed, these products, after accumulating $14.86 million the previous week, attracted only $1.01 million, a colossal drop of 93%. Thus, over the last twelve days of this August, cumulative inflows barely exceed this mere million dollars, indicating temporary disinterest from professional investors.
Ultimately, the confrontation between whales’ firmness and retail investors’ disinterest in ETFs as well as derivatives places XRP in a precarious balance. The absence of new users contributes to limiting the market’s capacity to absorb aggressive selling by short-term traders. A resumption of inflows into ETFs could trigger sustainable bullish dynamics.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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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.
Forward Industries nakoupila dalších 254 000 $SOL mezi 1. červencem a 3. srpnem za zhruba 75 USD za kus a zvýšila svůj podíl na asi 7,8 milionu SOL. Firma je největším veřejně obchodovaným držitelem Solana treasury.
Solana digital asset treasury (DAT) companies continued expanding their positions as firms reported new SOL purchases, staking results, operational changes, and ecosystem investments.
Forward Industries, the largest publicly traded Solana treasury holder, resumed its $SOL accumulation campaign by purchasing an additional 254,000 $SOL between July 1 and August 3 at an average price of approximately $75 per token. The purchases lifted Forward’s total $SOL and SOL equivalent holdings to approximately 7.8 million SOL.
Forward Industries Grows $SOL Treasury
Forward Industries reported its fiscal Q3 2026 results on August 12, highlighting continued growth in its Solana treasury strategy.
The company also reported a 9% quarter-over-quarter increase in fully diluted $SOL per share, which rose from 0.0669 to 0.0730. By August 3, SOL per share increased further to approximately 0.0754.
Forward continues to stake nearly all of its $SOL holdings through its validator, with an approximately 1.38% network stake weight, according to Solana Beach data. The company generated approximately 106,000 $SOL in staking rewards during Q3, bringing cumulative staking rewards since launching its treasury strategy in September 2025 to approximately 300,000 $SOL.
Forward also continued exploring acquisitions of digital asset treasury companies and other strategic businesses. Earlier in 2026, the company attempted acquisitions of Solana Company, Solmate, and SkyAI as part of a broader consolidation strategy but had no success.
DeFi Development Corp. Focuses on Efficiency
DeFi Development Corp. also released its Q2 2026 shareholder update, reporting $SOL and $SOL-equivalent holdings of 2,311,523 as of August 12.
The company reported $SOL per share of 0.066, representing a 24% year-over-year increase. DeFi Dev Corp. also announced cost reductions planned for Q3 and further simplification of its capital structure.
The company repurchased approximately $3.5 million in principal of July 2030 convertible notes for $2.3 million in cash, representing a discount of about 35% to par value.
DeFi Dev Corp. reaffirmed its long-term goal of reaching 1.0 SOL per share by December 2028. It also discontinued its Treasury Accelerator program while concentrating activity on a smaller number of institutional-scale protocols.
SkyAI and Solmate Add to Treasury Positions
SkyAI, formerly Sharps Technology, reported approximately 2 million $SOL in its treasury as of June 30. The company also held approximately $12.1 million in cash and generated $2.3 million in net staking revenue during Q2.
SkyAI reported that its staking operations produced an approximately 6% gross annualized yield on a $SOL-denominated basis. The company also appointed Arthur Levine as Chief Financial Officer as it continues developing its agentic finance platform built around its Solana treasury.
Meanwhile, Solmate increased its $SOL holdings by acquiring an additional 1,001 $SOL. The company now holds approximately 1.26 million $SOL, with its treasury valued at roughly $94 million.
SOL Strategies Expands Beyond SOL Holdings
SOL Strategies continued building infrastructure businesses around the Solana ecosystem after acquiring Houdini Swap, a privacy-focused cross-chain swap aggregator.
The company reported that Houdini generated approximately $1.1 million CAD in revenue and $740,000 CAD in EBITDA during its first full month under SOL Strategies. The business processed approximately $92 million CAD in transaction volume across 34,427 orders.
Houdini also integrated with pump.fun’s Terminal platform, adding private deposits, withdrawals, and multi-wallet funding features. The integration allows traders to manage separate wallets without creating direct onchain links between funding sources and destination wallets.
The growth of Solana DAT companies shows an increasingly competitive race among public firms seeking exposure to $SOL accumulation, staking revenue, and broader Solana infrastructure opportunities.
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Mike Dudas řekl, že Solana je dobře pozicionovaná jako „everything chain“ pro obchodování, platby i vypořádání na jedné síti. Zároveň podpořil návrh na zpomalení emise SOL a vyšší spalování poplatků.
In brief 6th Man Ventures Co-Founder Mike Dudas said Solana is positioned to attract mainstream users because it supports trading, payments, and settlement on a single network. He argued that corporate-backed networks such as Coinbase’s Base and Robinhood’s blockchain face pressure to steer users toward fee-generating products. His comments come as Solana validators consider proposals to slow token issuance and burn more SOL. Solana could bring hundreds of millions of people into crypto without most of them realizing they are using a blockchain, investor Mike Dudas said on a recent episode of Decrypt's Fomo Hour podcast.
Dudas, co-founder of crypto venture firm 6th Man Ventures and an early backer of Pump.fun and various other Solana projects, said the network's advantage is the range of activity it supports.
“The reason I think Solana is in a great position is because it is sort of the everything chain of trading and money movement and settlement,” he told Decrypt. “So it’s performant, it’s flexible, and it’s multi-use case.”
Dudas said consumer apps have made crypto easier to use by hiding many of its technical elements. Users can now fund accounts through services such as Apple Pay without handling wallets or interacting directly with a blockchain.
Today we sat down with @mdudas to chat about @solana and its ecosystem!
3:30 - Solana's place this cycle
7:10 - Thoughts on the latest Solana Governance vote
8:40 - Are Memecoins back?
14:40 - El Toad Pepe backstory
18:07 - How to make a memecoin a "good coin" ?
21:05 - The… pic.twitter.com/zR7LewjEll
— Decrypt (@DecryptMedia) August 12, 2026
“I think that’s how most people are going to experience ‘on-chain’ moving forward,” he said.
Dudas argued that Solana’s less visible infrastructure—including round-the-clock availability, deep liquidity, low fees, and near-instant settlement—makes those consumer products possible.
“The unsexy stuff enables the stuff that people use,” he said.
Corporate-backed blockchains face different pressures, Dudas said, pointing to Coinbase’s Base and Robinhood Chain. He argued that both companies have an incentive to direct users toward products that generate revenue.
Dudas also said he supported efforts to reduce Solana’s token issuance—a topic that’s making the rounds of late as calls to reduce inflation in both the Solana and Ethereum ecosystems intensify.
“The notion that you need massive amounts of inflation for security has been overdone,” he said, calling the latest proposal “reasonable.”
Solana validators are considering two measures bundled under SGP-0003. The proposals would accelerate reductions in new SOL issuance and increase the amount of SOL burned through network fees. If it goes through, it could result in the kind of supply-size squeeze investors would likely benefit from, assuming demand stays steady or increases.
Dudas said Solana’s meme coin ecosystem also proved more resilient than much of the crypto market during the downturn, arguing that the network’s willingness to support uses ranging from speculative tokens to stock trading has become one of its strengths.
“The beauty of Solana is that the chain supports all of these different use cases,” he said. “As much crap as the Solana Foundation gets, and as much crap as I sometimes give it, they unequivocally and vocally support all of these broad use cases—and you can see it.”
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Bitwise ve spolupráci se Superstate zkoumá tokenizaci podílů některých fondů, první má být BSOL. Tokenizované akcie by měly stejná práva jako běžné podíly.
, /PRNewswire/ -- Bitwise Asset Management, a global crypto asset manager, today announced a partnership with Superstate, a financial technology firm that partners with issuers and asset managers to bring securities onchain, to develop the capability for shares of certain Bitwise funds to be held in tokenized form.
Under the framework the firms are developing, tokenization would change only the form in which share ownership is recorded. Investors would continue to purchase the same shares of the applicable fund, with the same rights, through the same channels as today. Shareholders could then elect to hold those shares either in traditional book-entry form through The Depository Trust Company or in tokenized form recorded on a blockchain and maintained through Superstate's transfer agency infrastructure. Shares held in tokenized form would carry rights identical to shares held in book-entry form and would not be freely transferable outside that recordkeeping system.
Bitwise expects the Bitwise Solana Staking ETF (NYSE: BSOL) to be its first fund for which the tokenized share option may become available. Availability of the tokenized share option remains subject to applicable legal and regulatory requirements. There can be no assurance as to whether or when a tokenized share option will become available for BSOL or any other Bitwise fund.
About Bitwise
Bitwise Asset Management is a global crypto asset manager with $9 billion in client assets and a suite of over 70 investment products spanning ETFs, separately managed accounts, private funds, DeFi strategies, and staking. The firm has a nine-year track record and today serves more than 5,500 private wealth teams, RIAs, family offices and institutional investors as well as 21 banks and broker-dealers. The Bitwise team of technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.
About Superstate
Superstate partners with issuers to bring securities onchain, enabling access to new investor capital and modern financial markets. Through Opening Bell, Superstate partners with companies issuing tokenized equity. Through FundOS, it serves asset managers launching tokenized funds. Both platforms support compliant issuance, record keeping, direct investor registration, and onchain market integration via their SEC-registered transfer agency infrastructure. Superstate's flagship funds USTB (now the Invesco Short Duration US Government Securities Fund) and USCC (now the Bitwise Crypto Carry Fund) validated this infrastructure at institutional scale before transitioning to leading asset managers on FundOS. Learn more at superstate.com.
Risks and Important Information
This material must be accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus visit bsoletf.com/welcome.
The Bitwise Solana Staking ETF (BSOL) is not suitable for all investors. An investment in BSOL is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. BSOL is not an investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act") and therefore is not subject to the same protections as ETFs and mutual funds registered under the 1940 Act. An investment in BSOL is not the same as a direct investment in Solana (SOL).
Shares of ETPs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The NAV may not always correspond to the market price of SOL and, as a result, Creation Units may be created or redeemed at a value that is different from the market price of the Shares. Authorized Participants' buying and selling activity associated with the creation and redemption of Creation Units may adversely affect an investment in the Shares.
The amount of SOL represented by a Share will continue to be reduced during the life of the Fund due to the transfer of the Fund's SOL to pay for the Sponsor's management fee, and to pay for litigation expenses or other extraordinary expenses. This dynamic will occur irrespective of whether the trading price of the Shares rises or falls in response to changes in the price of SOL.
There is no guarantee or assurance that the Fund's methodology will result in the Fund achieving positive investment returns or outperforming other investment products.
Investors may choose to use the Fund as a means of investing indirectly in SOL. Because the value of the Shares is correlated with the value of the SOL held by the Fund, it is important to understand the investment attributes of, and the market for, SOL.
SOL Risk. There are significant risks and hazards inherent in the SOL market that may cause the price of SOL to fluctuate widely. The Fund's SOL may be subject to loss, damage, theft or restriction on access. Investors considering a purchase of Shares should carefully consider how much of their total assets should be exposed to the SOL market, and should fully understand, be willing to assume, and have the financial resources necessary to withstand the risks involved in the Fund's investment strategy.
Liquidity Risk. The market for SOL is still developing and may be subject to periods of illiquidity. During such times it may be difficult or impossible to buy or sell a position at the desired price. Possible illiquid markets may exacerbate losses or increase the variability between the Fund's NAV and its market price. The lack of active trading markets for the Shares may result in losses on investors' investments at the time of disposition of Shares.
Regulatory Risk. Future and current regulations by a U.S. or foreign government or quasi-governmental agency could have an adverse effect on an investment in the Fund.
Blockchain Technology Risk. Certain of the Fund's investments may be subject to the risks associated with investing in blockchain technology. The risks associated with blockchain technology may not fully emerge until the technology is widely used. Blockchain systems could be vulnerable to fraud, particularly if a significant minority of participants colluded to defraud the rest. Because blockchain technology systems may operate across many national boundaries and regulatory jurisdictions, it is possible that blockchain technology may be subject to widespread and inconsistent regulation.
Staking Risk. The Trust intends to implement a staking program under which a significant portion of the Trust's SOL will be staked. While staking Solana offers the potential to earn rewards in the form of additional Solana tokens, it also exposes the Trust to several risks, such as loss of rewards, slashing penalties, and operational uncertainties. Staking activities could impair the ability to satisfy redemption orders on a timely basis.
Nondiversification Risk. The Fund is nondiversified and will hold a single issue. As a result, a decline in the market value of a particular issue held by the Fund may affect the Fund's value more than if it invested in a larger number of issuers.
Recency Risk. The Fund is recently organized, giving prospective investors a limited track record on which to base their investment decision. If the Fund is not profitable, the Fund may terminate and liquidate at a time that is disadvantageous to Shareholders.
Bitwise Investment Advisers, LLC serves as the sponsor of the Fund. Foreside Fund Services, LLC serves as the Marketing Agent for BSOL, and is not affiliated with Bitwise Investment Advisers, LLC, Bitwise, or any of its affiliates.
Media Contact
Stephanie Dressler
[email protected]
Fireblocks has added TRON to its Flow payment infrastructure, letting payment service providers and fintech companies accept stablecoin payments directly from TRON wallets. The integration, which went live on August 12, opens up TRON’s sprawling stablecoin ecosystem to the more than 2,400 institutions already using Fireblocks.
What Fireblocks Flow actually does
Fireblocks Flow launched on June 2, 2026, during Money20/20 Europe. Think of it as a universal adapter for digital asset payments: one integration that handles wallet connectivity, compliance, settlement, and reconciliation all in a single stack.
Before this update, Flow supported EVM-compatible networks, Solana, Sui, and Bitcoin. TRON is now the newest addition to that source-chain roster.
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A payment service provider can now accept a TRON-based stablecoin deposit from a customer’s wallet and settle it in whatever stablecoin the merchant has configured. No juggling multiple integrations, no bolting together separate compliance layers for each chain.
Flutterwave was among Flow’s initial launch partners, signaling that the product was designed with emerging-market payment corridors in mind from day one.
Why TRON matters for stablecoin payments
Fireblocks itself has secured over $14 trillion in cumulative digital asset transactions across more than 100 chains.
The institutional stablecoin push accelerates
Earlier mentions of TRON’s potential integration with Fireblocks Flow surfaced in July 2026, with official confirmation arriving in mid-August.
Both Fireblocks and TRON DAO framed the move as bringing TRON’s established payment infrastructure into a professional-grade environment used by over 2,400 institutions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Stacks spouští 90denní program, v němž rozdá 3 BTC jako odměny za zapůjčení USDCx nebo poskytování likvidity k párům s USDCx. Každý měsíc vyplatí 1 BTC.
Bitcoin sitting idle in a wallet earns nothing. Stacks has a pitch for changing that, and it comes with real BTC attached.
The Stacks network is launching a 90-day incentive program designed to pull users deeper into its Bitcoin-native DeFi ecosystem. The program distributes 1 BTC per month, totaling 3 BTC across the full run, paid directly to participants as rewards for borrowing the stablecoin USDCx or supplying liquidity to USDCx trading pairs.
The program kicks off around September 10, 2026, timed to Bitcoin block 966,350.
What participants actually do to earn rewards Users who borrow USDCx against sBTC or STX collateral qualify for a share of the monthly BTC distribution. So do users who add liquidity to USDCx trading pairs on the network.
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sBTC is a 1:1 Bitcoin-backed asset native to the Stacks ecosystem, meaning one sBTC is always redeemable for one Bitcoin. Using it as collateral to borrow a stablecoin is essentially the same move institutional desks have been running with wrapped Bitcoin on Ethereum for years, just executed within the Stacks environment and rewarded with more BTC on top.
STX, the native token of the Stacks blockchain, also qualifies as collateral. That makes the program accessible to users who are already active in the Stacks ecosystem without necessarily holding sBTC.
Two protocol partners are running the operational infrastructure. Zest Protocol handles the lending and borrowing side, processing USDCx loans against collateral. Bitflow, a decentralized exchange built on Stacks, manages the liquidity side, where users pair USDCx with other assets to deepen on-chain trading markets.
The USDCx layer underneath it all USDCx is the stablecoin sitting at the center of this program, and it is relatively new. Stacks launched USDCx in December 2025, building it on top of Circle’s xReserve infrastructure. The backing is USDC, which itself maintains a 1:1 peg to the US dollar.
Rather than creating an entirely novel stablecoin from scratch, Stacks wrapped institutional-grade dollar infrastructure in a form that operates natively within the Bitcoin layer 2 environment. The result is a stablecoin that inherits USDC’s credibility while functioning inside a Bitcoin-secured network.
The strategic logic behind paying rewards in BTC Choosing to pay rewards in BTC rather than STX tokens is a deliberate design choice. Token-denominated reward programs have a built-in problem: the more users farm them, the more sell pressure hits the reward token, which erodes the value of future rewards in a self-defeating loop. Stacks sidesteps that entirely by paying out in Bitcoin, an asset participants presumably already want more of regardless of what the protocol’s native token is doing.
The total reward pool is 3 BTC across 90 days, with 1 BTC distributed every 30 days rather than front-loaded.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Conflux naplánoval hard fork verze v3.1.0 na 25. srpna a všichni provozovatelé uzlů musí do té doby nainstalovat aktualizaci. Součástí je sedm CIP, opravy transakcí a stakingu i nezveřejněná bezpečnostní oprava.
Conflux Network has scheduled its v3.1.0 hard fork for Aug. 25, requiring node operators to install the update before seven network proposals and a private security fix take effect.
Summary
Conflux node operators must install v3.1.0 before the network reaches the Aug. 25 deadline. Seven proposals will improve Ethereum compatibility and correct transaction and staking problems. CIP-173 is expected to take effect on Aug. 26, one day after the upgrade deadline. Conflux will disclose details of a private security fix after the hard fork is completed. Conflux v3.1.0 requires a mandatory update Conflux Network said in an Aug. 3 announcement that all nodes must install version 3.1.0 before the blockchain reaches epoch 155140000, which is expected on Aug. 25.
An epoch is a numbered stage in a blockchain’s operation. Conflux has used the target number to set the official deadline because the precise activation time can change depending on how quickly the network produces blocks.
Node operators who update before the deadline can install the new software and restart their systems. Conflux advised operators to complete the process within two days of beginning the update.
Operators who wait until after the target epoch will face a more difficult process. According to the announcement, they will have to remove their existing blockchain data, install the latest version, and download the network records again.
Nodes that remain on older software will no longer be fully compatible with the upgraded blockchain. Conflux warned that affected operators may be unable to download new blocks, process transactions, or continue mining.
The update also requires operators to replace an important settings file with the new copy included in the release. Using the old file will prevent a node from starting because version 3.1.0 applies stricter checks to its settings.
Operators who previously changed where their node stores data or records activity can transfer those choices to the replacement file. Conflux has also provided an updated list of entry points that nodes use when first connecting to other participants on the network.
A separate optional setting can reduce the amount of storage used by a node. Activating it will make the first restart take longer while the software rebuilds a current record of account balances and other network information, but later restarts should return to their normal duration.
Seven Conflux proposals will change network rules Conflux plans to activate CIP-166, CIP-167, CIP-172, CIP-173, CIP-174, CIP-175 and CIP-176. A CIP, or Conflux Improvement Proposal, describes a planned change to the network’s rules or features.
Three proposals will make Conflux eSpace work more closely with applications built for Ethereum. eSpace is the part of Conflux that supports Ethereum-based smart contracts, wallets, and development tools.
CIP-166 adds a new operation that allows applications to count the empty digits at the start of a computer value. While mainly useful to developers, the change keeps Conflux aligned with a recent Ethereum network standard.
Under CIP-167, Conflux will add direct support for checking a type of digital signature commonly used by passkeys and online identity systems. Passkeys allow users to sign in through methods such as a fingerprint, facial scan, or device security code instead of entering a traditional password.
The proposal may help developers create wallets and applications with more familiar login systems. According to Conflux, the same signature method is already used by WebAuthn, the online authentication standard that supports passkeys.
For U.S.-based developers, the update provides a technical route for building applications that work with passkey systems already available on widely used devices and browsers. The Conflux announcement does not introduce separate trading, tax, or regulatory rules for American CFX holders.
CIP-174 will limit the size of information sent to a calculation-heavy network feature and increase the transaction fee charged for using it. Conflux linked the proposal to two Ethereum changes designed to prevent unusually large requests from consuming too many network resources.
Conflux previously expanded its Ethereum-compatible environment to support wallets, applications, and token transfers built around Ethereum standards. That design recently gained more importance for CFX traders after Upbit restricted deposits and withdrawals to Conflux eSpace.
As crypto.news previously reported, the South Korean exchange warned users that CFX sent through Core Space or another unsupported network could require a lengthy recovery process. Core Space is Conflux’s original operating environment, while eSpace supports Ethereum-compatible tools.
Transaction and staking problems will be corrected Four proposals focus on flaws found in existing network behavior. CIP-172 will require every transaction added to a block to follow one approved format.
Conflux said the current issue can allow the same transaction to receive more than one identifying code. Since blockchain services use those codes to locate and verify transfers, the update will require a single standard format.
Nodes running the new software will begin rejecting incorrectly formatted transactions before the full hard fork takes effect. The early protection will apply as soon as an operator installs version 3.1.0.
CIP-173 addresses problems in the network’s process for reviewing disputes involving proof-of-stake validators. Validators lock CFX to help confirm network activity and can face penalties when they break the rules.
The proposal will also extend an existing lock on staked CFX to validators who have already started withdrawing their entire deposit. Conflux expects CIP-173 to activate at proof-of-stake block 3749400 on Aug. 26.
CIP-175 corrects a problem affecting certain calls between Core Space and eSpace. In some cases, the network did not properly recognize the permission that one account had given another account to act on its behalf.
CIP-176 fixes how the network prepares stored information for use during a transaction. When the same account appeared several times in a transaction’s access list, Conflux prepared only the information attached to its final appearance. Version 3.1.0 will process all relevant entries.
The software release also improves how the proof-of-stake system handles pending transactions and new block proposals. Conflux said existing nodes will not need to download the entire blockchain again solely because of the internal storage changes included in the release.
Major Conflux upgrades have previously drawn attention to CFX. In July 2025, coverage of Conflux 3.0 recorded a roughly 70% rally from $0.1450 to $0.2416 after the earlier update was announced.
Trading volume and open positions in the derivatives market also rose sharply during that period. The v3.1.0 announcement, however, provides no CFX price forecast and focuses on the steps required from network operators.
Security fix will remain private until the hard fork Conflux said version 3.1.0 contains a fix for a security weakness but will not publish the related technical details until the network upgrade has been completed.
According to the project, an early disclosure could give attackers enough information to target nodes that have not yet installed the update. Conflux will therefore delay publishing the affected sections of its software until operators have had time to move to the protected version.
The team also warned operators against building their own version from the project’s latest unfinished software. Such copies may not match the official mainnet release and could cause an operator to follow a different version of the blockchain.
Conflux used a similar coordinated process in March 2025 when it repaired a flaw affecting how contracts were placed at blockchain addresses. Earlier security coverage reported that the problem could allow a contract to replace another contract already stored at the same address and return its settings to their original state.
The project said version 2.5 corrected the flaw after the ecosystem team, GraFun, privately reported it. GraFun received 60,000 CFX, including 50,000 CFX for finding the problem and 10,000 CFX for reporting it quickly enough to reduce the risk of exploitation.
Beyond the private security patch, version 3.1.0 repairs several crashes that could be caused by damaged messages from other nodes, incorrect requests sent to the network, or unusual information recorded on-chain.
The update also adds two new tools for eSpace services, improves controls that limit excessive requests, and corrects several errors in transaction records. Conflux has removed an older connection method while keeping the commonly used web and live connection options unchanged.
Additional maintenance work covers a crash during shutdown, excessive activity records during periods of heavy network use, and several outdated software parts. Version 3.1.0 also adds a meter that allows operators to monitor the number of transactions their nodes process in real time.
Více než 40 digitálních aktivních organizací vyzvalo laboratoře zabývající se AI, aby prověřeným open-source bezpečnostním výzkumníkům daly kontrolovaný přístup ke svým nejpokročilejším modelům. Cílí na ochranu bitcoinové infrastruktury a peněženek $BTC před zranitelnostmi.
The @bitcoinpolicy and a coalition of more than 40 digital asset organizations have published an open letter calling on leading artificial intelligence laboratories to grant vetted open-source security researchers controlled access to their most capable models. The letter, titled "Defenders Need the Frontier" and released on August 10, 2026, has drawn 78 signatories including Franklin Templeton (@FTDA_US), @ARKInvest, @coinbase, and @Strategy.
What the coalition is asking for The letter does not call for unrestricted public access to advanced AI tools. Instead, the signatories proposed a controlled program covering early access to frontier cybersecurity models, sufficient computing capacity, secure research environments, and direct channels with AI laboratory security teams. The goal is to allow researchers to examine $BTC wallets, payment infrastructure, and other open-source software before attackers can exploit newly discovered weaknesses.
The letter said many digital asset defenders, including Bitcoin Core developers, lack access to lab cyber programs and can be blocked by guardrails on publicly available frontier systems, leaving them to rely on less capable open-weight models. AnchorWatch CEO Rob Hamilton (@Rob1Ham) has spoken directly to this problem, saying that safety guardrails blocked his defensive research and forced him to turn to Chinese open models instead.
Bitcoin secures more than $1 trillion in value, which the coalition says raises the stakes of any unpatched vulnerability. Sophisticated adversaries, including potential foreign actors, are reportedly already leveraging advanced AI to sustain offensive campaigns at a pace that small open-source teams struggle to absorb.
The Coldcard exploit that sharpened the urgency The letter follows a serious hardware wallet compromise that began on July 30. An attacker exploited a five-year-old firmware flaw in Coinkite's Coldcard hardware wallet, traced to a March 2021 firmware release and a build configuration error that caused seed generation to fall back on a weak software random number generator rather than the device's hardware-based source of entropy. Galaxy Research's running tally of losses stands near 1,816 $BTC, worth close to USD 116 million, drained from more than 5,200 addresses.
The push also follows an early-August volunteer project called the Bitcoin Red Team, which used AI-assisted tools to audit Bitcoin-related code. Participants included Cashu developer Calle and AnchorWatch CEO Rob Hamilton. In one early snapshot, the group reviewed 390 projects in about 27.5 hours and filed roughly 4,962 findings, including dozens classified as critical and hundreds considered high severity.
BTCPay Server, one of the letter's signatories, wrote afterward that AI is changing the balance between attackers and defenders, and that models make it faster and cheaper to search large codebases for weaknesses. Whether AI labs will accept the coalition's proposal remains to be seen, as any response will require them to verify researchers, supervise sensitive work, and prevent advanced cybersecurity models from being redirected toward offensive use.
Sources:
CoinDesk: Bitcoin firms ask AI labs for same tools attackers already have
TRM Labs: Inside the $116 Million Coldcard Hack
Cointelegraph: Crypto Companies Urge AI Firms to Give Bitcoin Devs Early Access
Ethena oznámila partnerství s FalconX, v jehož rámci se stane jeho institucionálním úvěrovým partnerem a bude prostřednictvím kolateralizace investovat do půjček krytých stablecoiny.
USDe issuer Ethena announced it has partnered with digital asset prime broker FalconX to become its institutional lending partner. As part of FalconX Global’s institutional lending allocation, Ethena will invest in its stablecoin lending facilities via overcollateralization. The collaboration enables FalconX to expand its balance sheet, while Ethena benefits from FalconX’s expertise in lending and secured loans, securing more favorable risk-adjusted terms than alternative channels.
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Stablecoin issuer Tether has completed its largest-ever full financial audit, with KPMG issuing an unqualified opinion, showing reserves exceeding liabilities by $6.814 billion.
USDT issuer Tether announced it has completed a full independent audit of its 2025 fiscal year financial statements by KPMG U.S., receiving an unqualified audit opinion—the most positive outcome an independent auditor can issue. Dubbed "the largest first-time financial audit in history", the engagement saw KPMG conduct comprehensive substantive testing on Tether’s balance sheet, reserve asset composition, outstanding token liabilities, income statement, changes in equity, and cash flow statement. Critically, instead of relying solely on custodian reports, KPMG physically counted every gold bar held by Tether to verify their existence and identifying details. The audit confirmed Tether’s reserves exceeded its liabilities by $6.814 billion as of December 31, 2025. Tether CEO Paolo Ardoino stated: "Critics have for years claimed Tether could not complete an audit, and we have once again proven them wrong. An unqualified opinion means Tether has secured a clean audit." CFO Simon McWilliams called the milestone "a landmark in Tether’s commitment to transparency", noting the firm has wrapped up a historic project with the Big Four accounting firms and will continue to elevate standards moving forward. Tether has long published independent reserve attestation reports; this full financial statement audit marks a jump in its financial reporting regime from the attestation level to the full audit tier.
39 minutes ago
Over $1.4 billion worth of crypto options are set to expire today, with Bitcoin’s max pain point at $64,000.
BTC and ETH options are set to expire this Friday, with open interest concentrated around several key strike prices. BTC’s nominal open interest stands at roughly $1.28 billion, with its max pain point at $64,000. The highest concentration of call options is at $68,000, followed by $70,000 to $72,000. ETH’s nominal open interest is approximately $161 million, with its max pain point at $1,900. The highest concentration of call options is at $1,950 and $2,000. BTC’s put/call open interest ratio is 0.85, while ETH’s is 0.94.
39 minutes ago
Bitwise Chief Investment Officer (CIO): DeFi’s market size and pricing power are both underestimated, and projects like Hyperliquid have far greater potential than imagined.
Bitwise Chief Investment Officer Matt Hougan stated that people evaluating current decentralized finance (DeFi) applications are making two overlapping mistakes: regarding market size, they believe they are targeting the $2 trillion cryptocurrency market, but in reality, they are targeting the $500 trillion asset market; regarding value capture, they think they have maximized fee revenue, but have only scratched the surface. Projects such as Hyperliquid, Uniswap, Aave, Morpho, Aerodrome, Lighter, Pump and others have a larger TAM (total addressable market) and stronger pricing power than commonly perceived.
39 minutes ago
75% of stocks in the S&P 500 tech sector have returned above their 200-day moving average, with historical averages indicating a potential gain of up to 33.4% over the next year.
Last week, 75% of stocks in the S&P 500 Tech sector closed above their 200-day moving average (DMA), marking the first time this threshold has been hit since October 2024, ending a 219-trading-day stretch of prolonged weakness. This is the 9th-longest downturn on record, with the longest such stretch in history lasting 759 trading days, ending after the dot-com bubble burst on April 22, 2003. Historical data shows that after the end of such prolonged downturns, the tech sector posts an average gain of 2.5% in the following month, 7.3% in three months, 15.5% in six months, and a whopping 33.4% in 12 months. Meanwhile, 69% of stocks in the Nasdaq 100 index are now above their 200-day moving average, near the highest level since July 2025. This notable improvement in the breadth indicator signals that the tech stock rally is expanding beyond a handful of heavyweight stocks to the broader sector, as market momentum builds. The tech sector had previously faced multiple headwinds including memory chip sell-offs, deleveraging of leveraged ETFs, and concerns over AI capital expenditures; this technical repair provides positive support for future market performance.
39 minutes ago
Bitcoin falls below $63,000, with a 1.03% drop in the past 24 hours.
According to HTX market data, Bitcoin has dropped below $63,000, with a 24-hour decline of 1.03%.
39 minutes ago
CFTC releases agenda for first meeting of its Innovation Advisory Committee, focusing on regulation of crypto assets, AI, and prediction markets.
U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig has released the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The meeting is scheduled to be held in Washington on Thursday, August 20, and will focus on topics including crypto asset regulation, artificial intelligence, and prediction markets. Selig said: "The United States has long been a global hub for financial innovation. I look forward to meeting with entrepreneurs, thinkers, and builders of the CFTC Innovation Advisory Committee to explore how emerging technologies and financial products can shape our markets in the new financial frontier." The public may submit relevant comments by August 27, and all received submissions will be published publicly. The meeting agenda may be adjusted based on other priorities of the IAC; the full agenda is available on the CFTC’s official website. The CFTC also emphasized that the views and opinions expressed by the advisory committee represent only the committee itself and do not reflect the positions of the CFTC, its staff, or the U.S. government.
Ondo Finance je největším emitentem tokenizovaných akciových cenných papírů na světě s tržní kapitalizací 957,4 mil. USD. Trh tokenizovaných akciových cenných papírů za poslední rok vzrostl o 3 275 % na rekordních 2,7 mld. USD.
Ondo Finance Leads a Fast-Growing FieldOndo Finance has cemented its position as the largest issuer of tokenized equity securities in the world, with a market capitalization of $957.4M. The platform sits well clear of a competitive field that includes @Binance bStocks at $622.6M, @xStocksFi at $605.5M, @Securitize at $203.4M, and Real Fi at $149.9M.
, and That scale reflects both early-mover advantage and a deliberate push into regulatory compliance. , clearing obstacles that have historically stalled rivals.
A Sector Rewriting the NumbersThe broader tokenized equity market has grown at a pace that is difficult to ignore. Capital in the space has risen 3,275% over the past year, climbing from roughly $80M to a new record of $2.7B. That trajectory is part of a wider shift in how financial assets are being structured and distributed.
Separate data from RWA.xyz cited by Bitget's H1 research shows
Ondo has also moved to deepen the utility of its products.
The competitive landscape is filling in quickly, but the gap at the top remains significant. As capital continues to flow into on-chain equities, Ondo's regulatory track record and product depth give it a structural advantage that newer entrants will find hard to close quickly.
Sources:
Crypto Briefing: Ondo Finance leads tokenized stock market
CoinDesk: Ondo Finance adds proxy voting for tokenized equities
Capitaxer: Tokenized equities surge 140% in 2026, DeFiLlama research
Saturn Credit se spojil s Ondo a začlení tokenizované akcie STRCON do svého on-chain úvěrového systému. Saturn tak získá přístup k více než 957 milionům USD v tokenizovaných tradičních aktivech jako zástavě.
Saturn Credit Taps Ondo's Tokenized Asset Base@Saturn_Credit has partnered with @Ondo to bring institutional-quality tokenized stocks into its on-chain credit infrastructure. The integration begins with STRCON, which will be incorporated into the $sUSDAT yield-bearing stablecoin, giving Saturn access to more than $957 million in Ondo's tokenized traditional assets as collateral for on-chain credit products.
The move positions Saturn to build credit instruments directly backed by real-world productivity rather than purely crypto-native collateral, a meaningful structural shift for decentralized lending. The $sUSDAT stablecoin acts as the bridge, absorbing yield from Ondo's tokenized asset base and passing it through to Saturn's credit stack.
A Wider Market for Non-US InvestorsOne of the clearest use cases here is geographic access. Saturn's integration builds on that by directing the yield generated from those assets into on-chain credit products available to non-US and non-EEA users, people who have historically faced significant barriers to US equity and fixed-income exposure.
Saturn's credit layer adds another dimension, allowing that exposure to underpin yield-generating credit products rather than simple token holdings.
Ondo's tokenized asset ecosystem has expanded rapidly. The Saturn partnership draws on that scale, using Ondo's institutional backing as the foundation for a new class of on-chain credit.
The partnership reflects a broader trend of DeFi protocols moving away from crypto-only collateral models and toward real-world assets as the basis for lending and credit. With Ondo's regulatory standing reinforced after , the infrastructure underpinning this integration carries a cleaner compliance profile than many earlier RWA experiments.
Sources:
Ondo Finance: Ondo Stocks
CoinDesk: Ondo Finance debuts SEC-aligned tokenized stock model
Crypto Briefing: Ondo Finance enables native swaps for 260+ tokenized stocks
Binance s bStocks přeskočil Kraken v tokenizovaných akciích a drží druhé místo s asi 610,6 milionu USD oproti 601,2 milionu USD. Vede stále Ondo Finance.
Binance has just taken second place in the tokenized stocks market by value. Launched on June 11, bStocks shows about 610.6 million dollars, compared to 601.2 million for Kraken’s xStocks. It took less than two months to reverse the ranking. Ondo Finance remains ahead of the two platforms.
In brief
Binance bStocks surpasses Kraken’s xStocks with about 610.6 million dollars in value.
The tokenized stocks market tracked by Token Terminal reaches about 2.7 billion dollars.
Ondo Finance still maintains first place for now.
Binance overtakes Kraken in less than two months
Binance’s return to tokenized stocks was expected since the beginning of the year. The platform was already preparing its comeback in this market five years after its first attempt. This time, the start is quick.
On August 3, bStocks had reached about 624 million dollars in value, compared to 579 million for xStocks. Ondo Finance was still far ahead with about 927 million. On Tuesday, the gap between Binance and Kraken had narrowed: 610.6 million for bStocks and 601.2 million for xStocks.
Second place is thus held by less than 10 million dollars. Nothing insurmountable for Kraken.
The speed remains. Binance launched bStocks on June 11 to provide access to US stocks via blockchain tokens. The user obtains exposure to the stock without directly owning the underlying share. Changpeng Zhao notably attributes the product’s growth to Binance’s large user base.
The platform indeed has a clear advantage. Indeed, it does not need to build its audience from scratch. Each new product can be offered to a mass of traders already present in its ecosystem. For Kraken, the competition is therefore becoming more serious than just a few weeks ago.
Tokenized stocks are growing very fast
The battle between Binance and Kraken takes place in a market that has completely changed in size.
A year ago, xStocks dominated with only 40.7 million dollars. Robinhood followed with 37.2 million. Ondo then represented about 65,000 dollars according to the data. Today, the total value tracked by Token Terminal is around 2.7 billion dollars, compared to about 80 million a year earlier.
Transfers are also accelerating. In July, tokenized stocks had already recorded 8.41 billion dollars in monthly transfers, a 105% increase over thirty days. The distributed value of the sector then reached 2.16 billion dollars. This better explains why exchanges are rushing in.
A tokenized stock notably allows buying fractions of shares and transferring them on the blockchain. Depending on the product structure, it may also circulate outside traditional stock exchange hours. However, buying the token does not automatically mean becoming a shareholder of the company concerned.
This is a fairly important nuance. Rights to dividends, voting, or reimbursement may vary depending on the issuer and the legal structure chosen. The current success thus depends as much on distribution as on technology. Binance has precisely just shown what a huge user base can bring.
Ondo still remains ahead of Binance
The first place hasn’t changed. Ondo Finance maintains a comfortable lead and remains the main player tracked by Token Terminal.
Binance has therefore not yet taken control of the market. And Kraken lost its second place by only a few million dollars. The ranking can still change quickly.
There is still an amusing contrast. In 2021, Binance had abandoned its first tokenized stocks after a few months amid regulatory pressures in Europe. Five years later, the exchange returns and is already second.
The sector itself has little to do with what it was in 2021. Crypto exchanges, fintechs, and several financial institutions are now working on tradable securities on blockchain. Even traditional stock exchange infrastructures are experimenting with tokenization.
CZ is pushing this idea much further. He recently called on states to directly tokenize their stock markets to broaden access for international investors. For Binance, bStocks already offers a first glimpse of this ambition. Two months were enough to surpass Kraken. Now remains Ondo, with a few hundred million dollars in advance. The next battle is all set.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
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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.
PUMP za pět dní vzrostl o 27 % díky rekordním týdenním poplatkům a programu buyback-and-burn, i přes odemknutí 6.875 miliardy tokenů. Cena se drží kolem 0,0028 USD.
Pump.fun’s PUMP token climbed 27% from its Aug. 8 low as record weekly fees strengthened its buyback-and-burn program, while buyers absorbed volatility around a 6.875 billion-token unlock.
Summary
PUMP price rose from about $0.0022 to $0.0028 between Aug. 8 and Aug. 13. Pump.fun generated $10.03 million in weekly fees as ecosystem volume reached $2.97 billion. The platform bought and burned 2.15 billion PUMP worth $5.02 million during the week. Daily RSI reached 73.12, leaving the rally vulnerable to short-term profit-taking. PUMP price holds near $0.0028 after 27% rally According to data from crypto.news, PUMP price traded near $0.00279 on Aug. 13 after rising from approximately $0.0022 on Aug. 8. The token briefly reached an intraday high of $0.002895 before buyers and sellers settled around the $0.0028 area.
The move gave PUMP a gain of roughly 27% over five days, even after the token encountered profit-taking near $0.0029. Its Aug. 13 daily candle remained 1.34% higher at the time the chart was captured.
Price action over the past month shows a wider trend reversal. PUMP recovered from a June low near $0.0012 and broke above a series of lower highs that had controlled the market since February.
PUMP price daily chart — Aug. 13 | Source: crypto.news The token has now moved above its 20-, 50-, 100-, and 200-day simple moving averages. The 20-day average sits at $0.002288, while the other three averages are grouped between $0.001779 and $0.001875.
Trading above all four levels indicates that buyers control both the short- and medium-term trend. However, the large distance between PUMP and its 20-day average also shows that the rally has become extended.
The daily relative strength index reached 73.12, above the commonly watched overbought threshold of 70. The RSI average is lower at 68.08, showing that momentum remains positive but increases the chance of consolidation or a temporary pullback.
Buybacks support PUMP despite scheduled supply increase Pump.fun’s fee growth provided the main fundamental support for the rally. The Solana-based token launch platform generated $10.03 million in fees between Aug. 3 and Aug. 9, according to data previously reported by crypto.news.
Ecosystem trading volume reached $2.97 billion during the same period, its highest level since late January. The figure was not an all-time high, but it showed a strong recovery in activity across Pump.fun and its related trading products.
Under Pump.fun’s current token model, half of the protocol fees are used to purchase PUMP from the open market and burn the acquired tokens. The project’s token page confirms that 50% of protocol fees fund the program.
The latest weekly allocation resulted in $5.02 million of purchases and the removal of 2.15 billion PUMP from circulation. Regular market purchases provide a recurring source of spot demand, while burning the tokens prevents them from returning to circulation.
However, PUMP also faced a larger scheduled supply event. DefiLlama’s unlock schedule showed 6.875 billion tokens becoming available on Aug. 12, including 4.167 billion assigned to the team and 2.708 billion for existing investors.
The unlocked amount represented about 1.75% of the circulating supply and was worth approximately $19.2 million at the prevailing price. An unlock does not prove that holders sold their tokens, but it increases the amount that could enter the market.
PUMP’s ability to remain near $0.0028 after the event suggests that available demand has so far prevented a deeper reversal. Still, future transfers from team or investor wallets could create additional pressure if recipients move substantial amounts to exchanges.
PUMP technical setup points to $0.003 resistance The 4-hour chart shows PUMP consolidating after its latest advance rather than immediately surrendering the breakout. Price remains above the Bollinger Band midpoint at $0.002757, with the lower band at $0.002667.
PUMP price 4-hour chart — Aug. 13 | Source: crypto.news The upper band stands at $0.002848, close to the latest intraday high. A 4-hour close above that band would put the $0.0029–$0.0030 area back in focus.
The $0.0030 level carries both technical and psychological importance. It sits near the upper end of the latest price range and could attract selling from traders who entered during the July recovery.
The Awesome Oscillator remains positive at 0.000117, confirming that short-term momentum favors buyers. Its histogram has weakened from the Aug. 11 peak; however, indicating that the rate of price acceleration is slowing.
Immediate support sits around $0.00275, where the 4-hour Bollinger midpoint is located. A loss of that level could send PUMP toward the lower band at $0.00267.
A deeper correction would bring $0.0025 into view. That area previously acted as resistance and could now serve as breakout support. Holding above it would preserve the wider sequence of higher highs and higher lows.
Liquidation clusters could increase PUMP volatility CoinGlass’ 24-hour liquidation heatmap shows leverage building on both sides of the current price.
PUMP liquidation chart | Source: CoinGlass The nearest overhead clusters appear between approximately $0.00282 and $0.00290. A breakthrough at $0.00285 could force short sellers to close positions, adding market buy orders and accelerating a move toward $0.0030.
Larger downside liquidity is visible around $0.00271–$0.00273, with another concentration near $0.00264. Price often moves toward areas containing dense leveraged positions, although a heatmap cannot determine which cluster will be reached first.
A drop below $0.00275 could therefore produce a long-liquidation move toward $0.00270. The stronger bullish structure would only face material damage if sellers push PUMP below $0.0025.
For U.S. traders, the token’s platform-specific rally is unfolding while the broader crypto market remains cautious following the July inflation report. The Bureau of Labor Statistics released the data on Aug. 12, with annual headline inflation easing to 3.4%.
PUMP’s relative strength despite restrained movement in Bitcoin suggests that buybacks and platform activity are currently carrying more weight than the wider macro backdrop. The bullish case now depends on a break above $0.0029, while an overbought daily RSI and newly unlocked supply remain the main near-term risks.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Pump.fun spustil Callout Rewards, program, který odměňuje uživatele za objem obchodů, jež na platformu přivedou. Zároveň PUMP za posledních 30 dní vzrostl o více než 90 %.
Pump.fun Rolls Out Callout Rewards Program@Pumpfun has launched Callout Rewards, a decentralized incentives program designed to pay users directly for the trading volume they help generate on the platform. The program tracks volume attributed to individual user activity, including push notifications and home feed discoveries, then distributes payouts from internal liquidity pools on a pro-rata basis.
The structure is automated and intended to run over the long term. Crucially, @Pumpfun says no additional fees will be introduced to fund it. The platform's existing zero-fee trading on $SOL trades remains in place, and its 0.2% fee on cross-chain transactions is unchanged.
The launch builds on a broader push by @Pumpfun to deepen user engagement through social and discovery tools. Callout Rewards now adds a financial layer to that mechanic, giving users a direct economic stake in the volume their alerts generate.
PUMP Token Climbs More Than 90% in 30 DaysThe feature launch coincides with a sharp rally in solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn, which has surged over 90% in the past 30 days.
The Callout Rewards program signals that @Pumpfun is leaning into social-driven volume as a core growth lever, rewarding the users who surface tokens to the widest audiences rather than just the creators who launch them.
Veřejně obchodovaní Bitcoin těžaři snížili realizovaný hashrate o 13,4 % z 368,3 EH/s na 319 EH/s, protože část kapacity přesouvají do AI infrastruktury a datových center.
Publicly traded Bitcoin miners are cutting mining capacity faster than the Bitcoin network overall, suggesting that more operators are redirecting electricity and infrastructure toward data centers and high-performance computing (HPC), in another sign of the sector’s evolution beyond creating more crypto.
In the latest Miner Weekly newsletter, BlocksBridge Consulting reported that realized hashrate among a cohort of public Bitcoin miners fell from 368.3 exahashes per second (EH/s) in the fourth quarter of 2025 to 319 EH/s in the second quarter of 2026, a 13.4% decline.
The contraction was even sharper when excluding Bitdeer, which continued to expand its mining operations. Without Bitdeer, the cohort’s realized hashrate fell 21.2% over the six-month period, from 324.6 EH/s to 255.9 EH/s. Bitdeer’s realized hashrate, meanwhile, increased 44% to 63 EH/s.
By comparison, the Bitcoin network’s average hashrate declined 10.6% over the same period.
The shift comes as more miners report a growing share of revenue from non-mining activities. Core Scientific generated $136.7 million in colocation revenue during the second quarter, compared with just $27.5 million from Bitcoin mining. TeraWulf reported $31.9 million in HPC lease revenue, compared with $12.8 million from mining.
Core Scientific and TeraWulf are now generating the majority of their revenue from non-mining activities.
Source: TheEnergyMag
Riot Platforms and Bitdeer remain much earlier in the transition, with Bitcoin mining continuing to account for the vast majority of their revenue in the most recent quarter.
Unwinding post-China mining boomBlocksBridge framed the current pullback as an unwinding of the expansion cycle that followed China’s Bitcoin mining ban in 2021, which triggered one of the sharpest declines in network hashrate before a rapid recovery as miners relocated overseas.
In North America, that migration helped fuel an expansion among public miners, which raised capital and acquired new power sites to expand their operations.
One halving cycle later, the economics have shifted significantly. Weaker mining profitability, coupled with surging demand for AI infrastructure since 2022, has prompted several public miners to repurpose sites and power capacity away from Bitcoin mining entirely.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Bitcoinová komunita tvrdí, že čínské open-source AI modely překonávají omezené systémy OpenAI a Anthropic při obranném auditu kybernetické bezpečnosti. Vývojáři se proto spoléhají na ně při ochraně bitcoinové infrastruktury.
Bitcoin company leaders and open-source developers are publicly stating that Chinese AI models are currently outperforming restricted American frontier systems in defensive cybersecurity work, forcing researchers to rely on them to secure critical Bitcoin infrastructure.
Rob Hamilton, CEO of AnchorWatch, a Bitcoin self-custody insurance company, reported cripling American AI restrictions. After integrating OpenAI’s trusted cyber program (having already completed KYC months earlier), he was blocked from further analysis on a codebase he had already responsibly disclosed. “It absolutely guts me as a patriotic American to have to do this, but I will be going back to using Chinese open source models to conduct my research to protect Bitcoin infrastructure,” Hamilton wrote. “Black hats will not hit these issues. The white hats will.” Days later, he gained access to OpenAI’s “Daybreak Blue” cyber model and was blocked again within 19 minutes while red-teaming Bitcoin infrastructure.
Francis Pouliot, founder of Bull Bitcoin, a Bitcoin-only exchange focused on self-custody infrastructure, described the situation bluntly. “I have never seen OpenAI this cucked. It’s cucked beyond belief now. Not even for security, for anything related to Bitcoin,” he posted. “USA AI industry is completely cooked if they don’t change this path,” he concluded, adding “Open-source Chinese LLMs. [orange heart emoji],” meaning that open Chinese models like Kimi K3 are actually helpful to Bitcoin. In a follow-up, Pouliot detailed how a Chinese open-source model identified a money-stealing exploit in a project he was auditing, demonstrated it on regtest, and helped patch it. When he asked the American models he pays for to review the same patch, they refused.
PortlandHODL, a Bitcoin Core contributor who builds for AnchorWatch, publicly highlighted the performance gap. “US-based Frontier AI Model – ‘You’re absolutely right!’ Chinese Open Model – ‘78 critical vulnerabilities found.’ The implications of this are unfathomable,” he posted. In a follow-up, he added that he felt he was “basically asking Xi to not get my software hacked at this point,” calling for OpenAI and Anthropic to create proper access programs for U.S. citizens doing defensive security work.
Alex Thorn, Head of Firmwide Research at Galaxy, signed a recent Bitcoin Policy Institute open letter demanding trusted access to frontier models for open-source defenders. “Americans should not have to rely on Chinese AI to defend themselves, their projects, companies, or clients from cyber-attacks,” he wrote. “RED TEAM NEEDS THE MODELS.”
On August 10, the Bitcoin Policy Institute — a Bitcoin and, of late, AI-focused policy think tank — published an open letter signed by more than 70 organizations across the digital-asset ecosystem, including major custodians, exchanges, mining firms, and open-source development groups. The letter calls on frontier AI labs to establish clear trusted-access programs for qualified open-source and digital-asset defenders. It argues that current restrictions and safety guardrails leave legitimate security researchers without access to the strongest models, forcing them to rely on less capable open-weight alternatives while sophisticated attackers face no such limits. The signatories request early access to cyber-capable models, sufficient compute, secure environments for reviewing code, and direct channels with lab security teams, stating that frontier AI could become one of the most powerful defensive technologies available if defenders are given fair access.
These statements reflect a broad pattern among Bitcoin security researchers: American models from OpenAI and Anthropic frequently refuse or restrict legitimate defensive work, even to users who are supposed to have been granted explicit access, while Chinese models such as Kimi K3 operate without the same guardrails and are delivering confirmed results. Concerns about hosting infrastructure of Chinese models being an attack vector can also be mitigated, since they are open source and can be run on American-hosted data centers, a trend that is likely to threaten the U.S. AI market if it continues.
Coldcard Exploit Triggers Ecosystem-Wide Response The cybersecurity pressure became acute in the Bitcoin industry after a firmware flaw in Coldcard hardware wallets was exploited beginning July 30, resulting in the theft of well over $100 million in bitcoin from seeds generated with insufficient entropy. Bitcoin Magazine published an urgent advisory urging affected users to migrate funds: COLDCARD SECURITY RISK: IMMEDIATE ACTION REQUIRED.
In response, a volunteer effort known as the Bitcoin Red Team formed, led by open-source developer Calle (creator of Cashu and the Android version of Bitchat) and Rob Hamilton. The group has conducted large-scale AI-assisted audits of Bitcoin open-source repositories, using models including Kimi K3 as the primary workhorse alongside limited access to Western systems. Early results, covered by Bitcoin Magazine, showed thousands of findings across hundreds of projects, including dozens of critical issues, with spending covered largely by OpenSats.
By August 8, after more than 100 hours of work involving dozens of contributors, the team reported scanning 501 projects and producing 7,958 findings, of which 1,280 were rated high or critical severity. The majority of compute spend continued to go to Chinese open-weight models.
Lessons from the Red Team Campaign Most recently, Calle shared lessons from the intensive red-team period. The effort has essentially completed a basic scan of virtually the entire Bitcoin open-source landscape; low-hanging fruit is largely exhausted, the developer wrote on this X account. Maintainers across projects have validated many of the critical and high-severity reports, while response times from projects vary widely and serve as a signal of overall health.
Key takeaways include the need for every project to maintain its own permanent AI audit pipeline going forward. Projects that began such reviews months earlier are in a markedly stronger position. Unmaintained repositories should be treated as likely broken and unreliable.
Calle also warned that the human-only era of open-source security review is over; verification is now effectively free, and information overload must be handled with AI rather than complaints about PR slop. Multiple concurrent and diverse human approaches remain the strongest method for finding vulnerabilities, and external red-teaming will likely be required indefinitely.
Calle also repeatedly emphasized that developers should stop writing security-critical code in C. In a follow-up post he explained: “we’re finding memory-safety vulnerabilities in c projects that are prevented by default in many other languages. In the past, finding a simple buffer overflow wasn’t enough. You’d need a highly skilled hacker to turn the vulnerability into a working end-to-end exploit. Today, that’s a single prompt.”
Bitcoin was the first major open-source ecosystem to confront this collision between accumulated human code and frontier AI capability. The rest of the software world is expected to follow.
Riot Platforms prodá 4 300 BTC a výnosy použije na rozšíření datových center pro AI pracovní zátěž. Firma tím potvrzuje odklon od pasivního držení krypta.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As revealed in the latest SEC filing, U.S.-based Riot Platforms will sell 4,300 BTC and direct the proceeds toward expanding its data center network for AI workloads, confirming that the largest miners are moving away from the strategy of passively accumulating cryptocurrency.
The shift in priorities was driven by a prolonged decline in mining income. In the second quarter, the company's mining revenue fell 19.3% due to rising electricity costs and hashprice falling to historic lows.
Bitcoin mining margin pressures are funding the AI pivotThe market situation remains tense. Bitcoin is trading within a narrow range of around $63,500–$63,700, while the average cost of mining it across the market, according to industry models, stands at $76,000–$78,000 per coin.
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As a result, the average miner on the network is currently operating at a loss, as hashprice has fallen to a record low of $30–$35 per PH/s per day. Only operators with extremely cheap electricity and the latest equipment remain profitable.
Bitcoin miners revenue (USD) over the last 6 months, Source: Blockchain.comRiot's figures are better than the market average, but the broader trend has affected the company as well. Its direct cost of mining one Bitcoin rose to $49,912 due to higher energy rates and the expansion of its capacity in Kentucky.
This forced management to partially liquidate its holdings by selling some of its accumulated coins, while mining revenue stood at $113.7 million.
At the same time, the company maintains a strong balance sheet and a $1.2 billion cushion of liquid assets, including $548.9 million in cash and a reserve of 11,380 BTC.
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However, its business model is shifting toward a more predictable infrastructure business. Riot has already delivered its first capacity for AMD, while its key long-term project is a 20-year contract to lease AI laboratory facilities, with expected revenue of $9.1 billion.
Riot's actions reflect a broader market trend in 2026, as miners gradually transform into operators of computing centers. Other major players, including MARA Holdings, Core Scientific, and Bitdeer, have previously partially or fully liquidated their crypto reserves to fund the construction of AI infrastructure.
UBS zvýšila držbu spot Bitcoin ETF o 230 % na 90 milionů USD v iShares Bitcoin Trust od BlackRocku. Zvažuje také nabídku obchodování s kryptoměnami pro vybrané privátní klienty ve Švýcarsku.
UBS Group AG, Switzerland’s largest bank, has significantly increased its stake in spot Bitcoin exchange-traded funds (ETFs), raising its holdings by 230% to a total value of $90 million in BlackRock’s iShares Bitcoin Trust. The bank now owns approximately 2.5 million shares, marking a substantial expansion since its initial investment of just 3,600 shares valued below $150,000 at the start of 2024.
Growing institutional embrace of BitcoinUBS’s latest move signals growing momentum among major banks to increase exposure to digital asset products, even as the broader crypto market endures a period of volatility. The bank has allowed its wealth management clients broader access to BlackRock’s iShares Bitcoin Trust (IBIT) and comparable ETFs, which has resulted in parallel growth between the firm’s own positions and its facilitation for clients.
A UBS spokesperson emphasized the bank’s forward-looking approach to blockchain innovation, stating:
UBS recognizes the importance of distributed ledger technology like blockchain, which underpins digital assets.
According to individuals familiar with the matter, UBS is also evaluating the introduction of cryptocurrency trading services for select private banking clients in Switzerland. If implemented, initial offerings would include direct trading access to Bitcoin (BTC) and Ethereum (ETH), with possible future expansion to Asia-Pacific and US markets. The sources noted that a final decision on launching these services has not yet been made.
Institutional flows and market recovery hopesDespite a sharp market decline during the past year, institutional interest in digital assets remains strong. In the first quarter of 2026, 1,560 institutional entities held collective IBIT shares valued at over $27 billion. Since approval in January 2024, US-listed cryptocurrency ETFs have surged, now overseeing nearly $140 billion in assets, led predominantly by BlackRock’s iShares Bitcoin Trust.
At the same time, some hedge funds scaled back on their Bitcoin ETF allocations in Q1 2026, while banks increased exposure, suggesting a divergence in institutional appetite for risk and long-term positioning. Currently, Bitcoin is trading at $63,433, reflecting a decline of more than 40% over the year.
Tools for navigating volatile marketsAs shifting regulatory landscapes and legislative developments take shape globally, market observers suggest institutional investment—such as UBS’s aggressive accumulation—could help steady Bitcoin’s recovery trajectory through the rest of the year. In highly volatile conditions where Federal Reserve decisions or sudden altcoin listings can shift sentiment instantly, traders and institutions alike are seeking efficient ways to manage multiple market data streams.
Smart traders have started consolidating analytics by using privacy-first platforms like CryptoAppsy. This app brings together real-time charts, customized price alerts, coin-specific news feeds, and macroeconomic indicators—all accessible on a single screen, and without the need for account registration, reducing the friction and costs of switching between separate tools.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Trezor oznámil únik dat, který zasáhl 13 689 zákazníků v USA, Velké Británii, Švédsku, Kolumbii, Brazílii, Itálii a Portugalsku, kteří obdrželi objednávku během 90 dnů před 8. srpnem. Firma uvedla, že systémy i zařízení zůstávají bezpečné, ale hrozí více phishingových útoků.
Hardware wallet manufacturer Trezor has announced a data breach exposing customer data.
Writing on X Thursday, the company said that 13,689 customers from the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal who received an order 90 days prior to August 8 were affected.
We have some difficult news to share. Unfortunately, one of our shipping providers has experienced a data breach that exposed sensitive order data. This affects new customers in the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal who received an order within the 90 days…
— Trezor (@Trezor) August 13, 2026 “Our systems and devices remain secure, but affected customers could experience an increase in phishing attempts,” the Prague, Czech Republic-based company said. “We are deeply sorry to the community and those affected.”
Trezor said that 11,742 customers had their names, emails, phone numbers, and shipping addresses leaked. Another 1,947 customers had just their names, cities and emails exposed.
SatoshiLabs, the parent company of Trezor, said in an email to Bitcoin Magazine that its third-party fulfillment partner, ShipMonk, had experienced “unauthorized access to their systems containing customer data.”
“Scammers can use the leaked information to send fake emails, make fake phone calls, send fraudulent letters, or potentially impersonate banks, crypto exchanges, or even Trezor,” the company said.
SatoshiLabs said it was continuing to investigate the incident.
Trezor is one of the most popular Bitcoin hardware wallet solutions, and also has support for storing other cryptocurrencies.
Bitcoiners’ personal data has been targeted by cybercriminals in the past: back in 2020, an unauthorized party accessed popular hardware manufacturer Ledger’s e-commerce and marketing database, leaking over 1 million email addresses and the personal contact data of nearly 10,000 customers.
And at the start of this year, customers reported receiving emails from Global-e, Ledger’s payment partner, that a data breach at its cloud systems leaked sensitive customer data.
The Bitcoin community is still reeling after hackers targeted Canadian company Coinkite’s popular Coldcard product.
Hackers started draining $111 million in Bitcoin from the popular Coldcard hardware wallets at the end of last month.The amount stolen could be much higher as investigations continue, with some estimating the real figure to be over $130 million.
The theft continued, with Bitcoiners — and Coinkite — asking users to move their funds as hackers continued to drain digital coins from the later devices.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
HIVE Digital Technologies staví expanzi těžby Bitcoinu v Paraguayi na levné vodní energii a má tam už 300 MW hydroelektrické kapacity. Firma cílí na globální hashrate 25 EH/s v roce 2025 a 35 EH/s v roce 2026.
HIVE Digital Technologies is doubling down on Paraguay as the centerpiece of its Bitcoin mining expansion, with the company’s newly appointed country site president outlining a vision built on clean energy, disciplined growth, and operational leadership in one of South America’s most energy-rich nations.
Gabriel Lamas, who took over as HIVE’s Country Site President in March 2025, has been vocal about what he sees as the recipe for sustainable Bitcoin mining: cheap hydroelectric power, careful scaling, and strong on-the-ground management.
Paraguay’s power advantage
The country sits downstream from the Itaipú Dam, one of the largest hydroelectric power plants on the planet. HIVE operates two major facilities in the country: a 200 MW site at Yguazú, acquired in early 2025, and a 100 MW facility at Valenzuela, completed the same year. Combined, that’s 300 MW of hydroelectric-powered mining capacity.
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Paraguay generates far more hydroelectric power than its domestic economy can absorb. That surplus energy, sometimes called “stranded” power, sits there doing nothing unless someone finds a use for it. Bitcoin mining fits that gap almost perfectly.
Lamas brings over 20 years of experience in the industry to the role, including prior work with Bitfarms, another publicly traded mining company. According to HIVE, his leadership has exceeded operational expectations during the phased scaling of the Paraguayan sites.
The hashrate targets
HIVE is targeting a global hashrate of 25 EH/s (exahashes per second) in 2025 and 35 EH/s in 2026. The jump from 25 to 35 EH/s in a single year would represent a 40% increase. That’s aggressive, particularly in a post-halving environment where Bitcoin mining rewards were cut in half in April 2024. After a halving, miners earn fewer Bitcoin per block, which means only the most efficient operators survive and thrive.
Beyond Bitcoin: the AI infrastructure play
HIVE has been developing its BUZZ platform, which is designed to support AI and high-performance computing (HPC) workloads alongside traditional mining operations. The idea is that the same infrastructure, power supply, and cooling systems that serve Bitcoin miners can also serve the rapidly growing demand for AI compute.
The company trades on both Nasdaq and the TSX under the ticker HIVE, giving it access to both US and Canadian capital markets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy v roce 2026 prodala zhruba 6 916 BTC za asi 431 milionů USD, přestože Michael Saylor dál tvrdí, že jeho osobní Bitcoin nikdy neprodá. Společnost drží 840 447 BTC.
Two of the most famous Bitcoin bulls in the world made the same promise. Here is exactly what happened next, and why the distinction between them matters.
President Donald Trump said it in Nashville in July 2024, standing in front of the largest Bitcoin conference crowd in history. "Never sell your Bitcoin." He said it again at the White House Crypto Summit in March 2025 when Bitcoin was trading near $90,000.
Michael Saylor said it at least five documented times between 2022 and 2026, in interviews, on stage, and on X. The phrase became crypto's most repeated conviction statement.
On August 3, 2026, Saylor posted: "When I say 'Never Sell Your Bitcoin,' I speak as one saver to another. I have never sold mine. Not one Satoshi. Strategy is a public company, not my wallet."
On the same day, Strategy filed with the SEC disclosing it had sold 1,638 BTC between July 27 and August 2 at an average price of $63,957 per coin, roughly 15 percent below the company's average acquisition cost of $75,385.
The Strategy scorecardStrategy has sold Bitcoin several times in 2026. In late May, 32 BTC went first, the smallest sale but the one that broke the psychological barrier. Then 1,363 BTC for $80.8 million at end of June.
Then 2,225 BTC for $135.2 million in early July. Then 1,638 BTC for $104.73 million between July 27 and August 2.
Then 1,690 BTC for $108.6 million between August 3 and August 9. Total Bitcoin sold in 2026: approximately 6,916 BTC for roughly $431 million, all at prices below the company's average cost of $75,385 per coin.
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Current holdings stand at 840,447 BTC. MSTR shares are down approximately 70 percent over the past 12 months and trading near $97.
Trending on TheStreet Roundtable:Cathie Wood trims Ethereum exposure on 11th anniversaryU.S. Treasury attacks Iran's Hormuz 'extortion' networkJPMorgan issues blunt warning on crypto's futureThe Trump distinctionTrump's situation is different and requires accuracy. Trump personally still holds Bitcoin, his financial disclosure confirms a cold wallet position above $50 million, untouched.
The "never sell" promise he made is technically still intact at the personal level. However, Trump Media, his separately managed company, has moved approximately 7,281 BTC to exchange addresses in 2026, though transfers to exchanges do not automatically confirm sales, and Trump Media has denied selling its Bitcoin holdings.
What the phrase actually means nowSaylor's clarification on August 3 drew the line cleanly: his personal Bitcoin remains unsold. Strategy's company Bitcoin is a different calculation, one driven by $1.26 billion in annual preferred stock dividends that require cash the company does not always have without selling something.
The "never sell" message was always directed at retail investors holding their own coins.
The companies built on top of that message operate under different constraints entirely.
Společnost Evernorth Holdings, podporovaná Ripple, upravila podmínky subscription agreements pro svůj private placement v rámci plánované fúze s Armada Acquisition Corp II, aby bylo vydáno méně akcií a na každou připadalo více XRP. Firma zároveň 13. srpna podala k SEC šestou úpravu registračního prohlášení S-4.
Ripple-backed XRP treasury Evernorth Holdings on Thursday said it has amended subscription agreements for its private placement related to its proposed merger with Armada Acquisition Corp II. It means fewer shares issued and more XRP behind every share ahead of Nasdaq listing.
Ripple-Backed Evernorth Holdings Nears Merger and Nasdaq Listing
Evernorth Holdings, the Ripple-backed XRP treasury, filed amendment no 6 to its Form S-4 registration statement with the U.S. Securities and Exchange Commission (SEC) on August 13.
The Ripple-backed firm claimed it has strengthened public investors’ positioning as it advances toward a Nasdaq listing. This structure is expected to reduce the total number of shares issued, focusing the company’s net asset value across fewer shares. This means each share will represent a larger portion of Evernorth’s XRP holdings.
The amendment is intended to maintain alignment between the company’s capitalization and the market value of its underlying XRP holdings at closing. It will be a volume-weighted average XRP price, rather than $2.36, as of when the merger agreement was signed.
“Tying the share count to XRP’s value at closing is the right thing to do for Evernorth and our investors,” said Asheesh Birla, founder and CEO of Evernorth Holdings.
Notably, Evernorth Holdings has raised over $1 billion from investors including Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.
XRPN Stock Jumps
Armada Acquisition Corp II’s XRPN stock price has retained its upside momentum despite XRP price drops and Clarity Act delays. XRPN stock hits a new YTD high of $10.50 in premarket hours on Thursday.
The stock closed 0.19% higher at $10.48 on Wednesday. The intraday low and high were $10.45 and $10.49, respectively. Trading volume is also rebounding as Ripple-backed Evernorth Holdings nears a merger after finalizing employment agreements.
XRPN stock is up 2.54% year-to-date as investors await Armada Acquisition Corp’s stockholders and the SEC’s approval of the merger with Evernorth Holdings.
Nasdaq-listed stock has surged nearly 0.30% in the past month, with potential for further upside moves. The 52-week high is $10.91.
Armada Acquisition Corp II’s XRPN Stock Price. Source: Google Finance
Meanwhile, XRP price is trading in the $1-1.02 range after falling more than 3% in a week. The price is currently trading at $1.01, down more than 1% over the past 24 hours.
Furthermore, trading volume has dropped further by 34% over the last 24 hours. However, institutions are increasing exposure via XRP ETFs. As CoinGape reported, JPMorgan revealed holdings in Bitwise and Grayscale XRP ETFs, along with Armada Acquisition Corp II.
Investors wanting to access similar high-growth companies before they go public can utilize the best pre-IPO token platforms to acquire fractionalized private shares on-chain.
Sedm XRP ETF drží dohromady asi 992,5 milionu XRP a jejich čisté přílivy kapitálu dosáhly 1,51 miliardy USD. V poslední obchodní seanci ale přiteklo 0 USD.
XRP, the native token of the XRP Ledger, has attracted renewed attention from institutional investors, despite recently marking its lowest daily close amid sharp price declines. New data indicates that funds offering XRP exchange-traded fund (ETF) products have continued accumulating the digital asset, locking significant amounts out of general circulation.
XRP ETF accumulation surpasses 990 millionThe most recent figures from an ETF tracker show that seven XRP ETFs have collectively secured approximately 992.5 million XRP as of Thursday, August 13. This accumulation comes during a period marked by heightened volatility and a persistent downtrend in XRP’s market price.
Asset managers providing these ETF products have seen consistent growth in their holdings, despite a low or stagnating daily trading volume. In total, net inflows into all existing XRP ETFs have reached $1.51 billion, a figure highlighting sustained interest in XRP among institutional participants.
MetricValueTotal XRP locked in ETFs992.5 million XRPTotal net ETF inflows$1.51 billionNumber of XRP ETFs7Momentum slows amid market volatilityRecent trading sessions have shown a noticeable slowdown in momentum for XRP ETFs. During the last session, net inflows were reported at $0, indicating an absence of new capital being added to the products. Despite this stagnation, the overall assets under management remain substantial, pointing to resiliency among current investors.
With XRP’s price revisiting multi-year lows, fund managers appear to be maintaining their existing positions rather than actively expanding them. The persistence of already large holdings highlights a wait-and-see approach as the market searches for signs of renewed activity or reversal in price trends.
Investor demand drives narrative shiftLarge XRP transactions are typically associated with Ripple, a US-based fintech company known for developing payment solutions using blockchain technologies. Such movements often fuel speculation about their implications for XRP’s price and supply dynamics.
However, the recent accumulation of nearly 1 billion XRP through ETF products marks a notable departure from this pattern. Institutional demand, rather than direct action from Ripple, has been the driving force behind the token lock-ups, contributing to what some view as a more optimistic outlook for XRP’s adoption within ETF structures.
This shift has altered discussions in the community, as debates about Ripple’s influence take a backseat to conversations around growing investor interest in regulated XRP investment vehicles.
Mini dictionary: XRP ETF, an exchange-traded fund that tracks the price of XRP, enabling institutional or retail investors to gain exposure to XRP through regulated traditional markets without directly holding the asset.
Growing accumulation of XRP in ETF products has prompted a bullish narrative, as these inflows are being driven by institutional investor demand rather than direct action by Ripple.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
EvernorthXRP upravila podmínky fúze se SPAC společností Armada Acquisition Corp. II tak, aby vydávání akcií navázala na závěrečnou cenu XRP místo pevné úrovně 2,36 USD. Firma se má na Nasdaq uvést pod tickerem XRPN.
EvernorthXRP, a Ripple-backed XRP treasury firm, has amended the terms of its SPAC merger with Armada Acquisition Corp. II. The change links the issuance of shares to the closing price of XRP rather than a fixed $2.36 reference. This adjustment in the merger terms suggests a move to align more closely with the token’s market value. The merger aims to list EvernorthXRP on Nasdaq under the ticker XRPN. The firm has indicated plans to acquire at least 473 million XRP at the merger’s inception, with previous purchases reported at an average price of $2.54 per XRP.
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Key Takeaways EvernorthXRP’s decision appears to align share issuance more closely with XRP’s market value, suggesting potential implications for XRP’s pricing dynamics. The market’s reaction to this amendment is currently muted, with XRP-related prediction markets indicating low probability of reaching higher price levels in August. The amendment suggests a possible anticipation of price fluctuations, which may influence market participants’ expectations and behaviors. What to Watch The amended merger terms could impact XRP’s market sentiment and pricing dynamics. Key developments to monitor include any regulatory updates from the SEC that could affect XRP, as well as broader crypto market movements. Watch for any major announcements from Ripple or EvernorthXRP that could serve as catalysts for XRP’s price movement. Additionally, sustained interest in XRP from institutional investors or changes in broader market conditions could further influence the outlook.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.5% — — View market → September 1 2026 2% — — View market → September 1 2026 0.7% — — View market → September 1 2026 5.9% — — View market → September 1 2026 6.5% — — View market → September 1 2026 1.7% — — View market →
XRP od začátku roku klesl o 42 %, i když SEC stáhla odvolání a v USA vzniklo sedm fondů zaměřených na XRP s přílivem 1,5 miliardy USD. Pozornost se teď přesouvá k RLUSD, stablecoinu Ripple, který může omezit využití XRP v přeshraničních platbách.
XRP has declined by 42% since the start of the year, despite a series of regulatory and institutional developments that were expected to bolster the cryptocurrency’s value.
Institutional access rises as legal challenges fadeFire Hustle, a crypto-focused analysis platform, highlighted that recent moves by the US Securities and Exchange Commission (SEC) to drop its appeals have removed immediate legal uncertainties surrounding XRP.
Analyst Summer from Fire Hustle also pointed out the launch of seven funds centered on XRP operating in the United States, which have reportedly attracted $1.5 billion in inflows.
These developments have improved institutional access to XRP. With both regulatory concerns and access now less prominent, market observers are turning their attention to Ripple’s evolving product strategy for XRP.
XRP’s decline in 2024 has occurred even as seven US-based funds reportedly attracted $1.5 billion in investment and SEC legal appeals were dropped. However, questions are emerging over whether Ripple’s upcoming stablecoin could further limit XRP’s primary utility by offering a less volatile means for cross-border transactions.
Stablecoin launch may impact XRP’s utilityRipple, the US-based blockchain company behind XRP, is preparing to launch RLUSD, a stablecoin pegged to the US dollar. Market commentators raised concerns that RLUSD could reduce bank demand for XRP in cross-border settlement.
Historically, XRP has served as a bridge asset, enabling banks to transact value between different fiat currencies by purchasing XRP in one currency, transferring it, and then selling it in another currency market. This system relies on banks accepting XRP’s price volatility as part of the transaction process.
RLUSD’s stable value may appeal to institutions wishing to avoid the risks of price fluctuations. Instead of using XRP for settlements, banks could opt for RLUSD, bypassing direct exposure to crypto market volatility and minimizing risk during large transactions.
Mini dictionary: RLUSD, Ripple’s planned stablecoin, is a digital asset pegged to the US dollar and designed to offer low volatility for institutional cross-border payments. Stablecoins aim to maintain a consistent value, easing concerns over price swings during settlements and providing an alternative to traditional fiat or volatile cryptocurrencies.
Should RLUSD be widely adopted, the main mandatory use case for XRP could shrink to serving as a source of transaction fees, which remain quite minimal at approximately a thousandth of a cent per transaction.
Network activity rises but token demand questionedOn-chain activity on the XRP Ledger has surged recently, with daily transactions reportedly tripling to about 3 million. This uptick suggests growing network usage amid ongoing product development.
However, Fire Hustle emphasized the distinction between increased network transactions and direct demand for the XRP token. With the possible integration of stablecoins like RLUSD, much of the rising value transfer could occur without the need for XRP purchases beyond the small amount needed for fees.
Market participants remain attentive to whether banks and payment providers will favor traditional bridge assets like XRP or regulated dollar-backed tokens for cross-border transfers, as this could have a decisive impact on long-term token demand and prices.
DevelopmentXRPRLUSDPrice volatilityHighLow (stable at $1)Cross-border payment usePrimary (historical)Potential alternativeMandatory use caseBridge asset, transaction feesSettlementsDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Charles Schwab has opened direct trading of Bitcoin (BTC) and Ethereum (ETH) to its approximately 40 million brokerage account holders, expanding its crypto offerings on August 13. The move gives one of the largest US financial institutions’ clients access to leading cryptocurrencies through the same platforms they use for stocks and bonds.
Schwab’s crypto platform detailsThe Schwab Crypto platform allows eligible clients to buy and sell Bitcoin and Ethereum using their existing brokerage interface. The service is currently available in 48 US states, with New York and Louisiana excluded for now. Schwab charges a 0.75% fee on crypto trades, which aligns with rates found across the industry.
Charles Schwab Premier Bank handles custody of client assets for the new crypto service, providing oversight and recordkeeping. Paxos, a blockchain infrastructure company regulated by the Office of the Comptroller of the Currency (OCC), is responsible for sub-custody and trade execution.
Mini dictionary: Paxos is a blockchain infrastructure company that provides crypto brokerage, custody, and settlement services, operating under regulatory oversight from the US Office of the Comptroller of the Currency (OCC).
Jonathan Craig, Head of Retail Investing at Schwab, highlighted new service and research features available to clients trading digital assets alongside traditional investments. He stated that broader financial management and educational resources are intended to make the platform appealing for cryptocurrency investors.
Clients now have access to Bitcoin and Ethereum trading on the same interface as stocks and bonds, with added support, research, and education.
Expansion and future plansSchwab, with over $12 trillion in client assets, initially entered the crypto sector using indirect exposure instruments such as spot Bitcoin and Ether exchange-traded products (ETPs), futures, and related funds. As of May, 39.1 million Schwab retail clients were offered access to crypto trading. The figure has now reached 40 million accounts with the broader rollout.
Joe Vietri, Head of Digital Assets, said Schwab aims to become the primary destination for individual investors looking to include digital assets in their portfolios. The company plans to expand its product range beyond BTC and ETH and eventually enable token transfers from outside wallets and exchanges.
FeatureMay 2026August 2026Accounts eligible for crypto trading39.1 million40 millionTokens supportedBTC, ETHBTC, ETHSupported states48 (excludes NY, LA)48 (excludes NY, LA)Trade fee0.75%0.75%Currently, Schwab clients account for about 20% of all spot crypto ETP holdings, highlighting the firm’s position in the retail crypto market.
Risk messaging and industry contextDespite launching direct crypto trading, Schwab continues to caution investors about the risks of digital assets. A company research report from April found that even a modest 1% to 3% allocation to Bitcoin or Ether can significantly increase a portfolio’s total risk. The firm noted that volatility remains a concern, as both tokens have previously dropped over 70% in some market cycles, and described cryptocurrencies as speculative, high-risk holdings.
Any cryptocurrency allocation is likely to raise portfolio volatility, and there is no single correct level of exposure for every investor.
Schwab’s move matches a broader trend on Wall Street, with institutions such as Morgan Stanley introducing crypto trading on its E-Trade platform and Goldman Sachs seeking regulatory approval to launch a Bitcoin Premium Income ETF. These developments are happening as US lawmakers consider the Digital Asset Market Clarity Act, which would divide oversight of crypto between the SEC and CFTC and establish ground rules for tokens, stablecoins, and decentralized finance (DeFi).
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin ETF zaznamenaly odliv 966 BTC v hodnotě zhruba 61,16 milionu USD, vedený BlackRockem a Fidelity. Současně Ethereum ETF přilákaly 3 920 ETH v hodnotě asi 7,38 milionu USD.
Bitcoin ETFs experienced significant outflows, with a combined sale of 966 BTC valued at approximately $61.16 million. BlackRock, the world’s largest asset manager, and Fidelity, one of the leading American financial services corporations, led these moves with sizable dispositions from their respective funds.
Major BTC outflows by BlackRock and FidelityBlackRock’s ETF sold 227 BTC, translating to a value of $14.34 million. At the same time, Fidelity’s ETF offloaded an even larger amount, disposing of around 739 BTC for $46.82 million. These decisions indicate a possible adjustment in the allocation strategies of both institutions.
The activity marks one of the larger recent outflows from Bitcoin ETFs and has drawn market attention to the actions of these two financial giants. Both institutions are highly influential in shaping investment trends among traditional and crypto-focused investors.
With BlackRock and Fidelity leading substantial Bitcoin sales, the ETF outflows reflect investor caution in current market conditions.
During the period of these outflows, Bitcoin traded near $63,690, and market sentiment remained characterized by uncertainty and caution. Analysts note that such significant ETF sell-offs can create downward pressure on Bitcoin’s price, especially when combined with a risk-averse investor climate.
Ethereum ETFs record inflowsIn contrast to the Bitcoin ETF outflows, Ethereum ETFs saw inflows amounting to 3,920 ETH, valued at roughly $7.38 million. BlackRock participated in this trend by purchasing the same amount of ETH, indicating a possible shift in investor preference from Bitcoin to Ethereum.
With Ethereum trading around $1,890, the increased inflows into Ethereum ETFs suggest that some institutions and investors are reevaluating its prospects, potentially positioning it more favorably amid current market volatility.
This divergent movement between Bitcoin and Ethereum highlights a growing difference in investor confidence and perceived opportunity between the two largest cryptocurrencies by market capitalization.
ETF ProviderAsset Sold (BTC)Value ($ million)Asset Bought (ETH)Value ($ million)BlackRock22714.343,9207.38Fidelity73946.8200Total96661.163,9207.38Market observers continue to monitor these ETF movements, as changes in fund allocations by industry leaders such as BlackRock and Fidelity can influence broader trends among institutional and retail investors alike.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum Foundation ustupuje od Poseidonu a dává přednost SHA a BLAKE3. Důvodem je, že zero-knowledge systémy mezitím výrazně pokročily a tradiční hashe jsou nyní konkurenceschopné.
The Ethereum Foundation is walking back one of its more ambitious cryptographic bets. After spending over a year evaluating the Poseidon hash function as a potential upgrade for base-layer hashing, the foundation is now favoring SHA and BLAKE3, two well-established alternatives with decades of security research behind them.
The reason is almost counterintuitive: the very zero-knowledge proof systems that made Poseidon attractive in the first place have gotten so much better that the exotic hash no longer offers a meaningful edge.
From darling to doubt
Poseidon first entered the conversation as a serious candidate in February 2025, when Vitalik Buterin floated the idea of migrating Ethereum’s base-layer hashing to Poseidon, pointing to its dramatically lower constraint counts inside ZK circuits. In plain terms, Poseidon was designed from the ground up to play nicely with zero-knowledge proofs, making it cheaper and faster to verify computations on-chain.
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The hash function itself dates back to 2021, co-designed by cryptographer Dmitry Khovratovich. Its core selling point was reducing the computational overhead compared to Pedersen hashes, the incumbent in many ZK systems.
The Ethereum Foundation took the idea seriously enough to launch a dedicated Poseidon Cryptanalysis program, offering bounties and prizes totaling up to $1 million. The program, which includes an advisory board and multiple phases, is set to run through December 2026.
Security concerns pile up
By August 2026, the Ethereum Research community had grown increasingly vocal about potential weaknesses in Poseidon. Discussions centered on concerns around preimage attacks, which involve finding an input that produces a specific hash output, and questions about whether certain round configurations were robust enough for a system securing hundreds of billions of dollars in value.
Traditional hashes catch up
When Buterin first championed Poseidon in February 2025, the performance gap between algebraic hashes and traditional ones inside ZK circuits was substantial. But ZK proving systems have improved rapidly. Optimizations in proof generation, hardware acceleration, and circuit design have collectively narrowed the performance difference, making traditional hashes competitive in modern ZK setups while carrying none of the security question marks that come with a five-year-old algebraic hash.
What this means for Ethereum’s roadmap
Sticking with SHA or BLAKE3 carries a practical benefit beyond security: compatibility. These hashes are already widely supported across existing tooling, hardware, and software stacks.
Ethereum’s long-term roadmap includes preparations for post-quantum security. Both SHA-256 and BLAKE3 are considered more straightforward to evaluate in post-quantum security models, partly because their mathematical foundations are better understood.
The $1 million cryptanalysis program will continue running through December 2026, so the door isn’t fully closed on Poseidon. But as of August 2026, momentum has clearly shifted toward SHA and BLAKE3 within the Ethereum Research community.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SharpLink stakuje Ethereum v hodnotě 200 milionů dolarů přes Lido, aby zvýšil výnosy ze své ETH pokladny. Firma za to získá wstETH držené v úschově u Anchorage Digital.
SharpLink said Thursday it will stake $200 million worth of Ethereum through Lido as the company expands its strategy for generating returns from its ETH treasury.
The Nasdaq listed company will receive wrapped staked ETH, or wstETH, representing the staked ETH and its accumulated rewards. The tokens will be held in custody with Anchorage Digital.
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The allocation adds Lido to SharpLink’s existing staking and restaking strategy and allows the company to maintain exposure to ETH staking rewards while retaining access to wstETH across decentralized finance applications.
Lido currently has roughly $16.5 billion worth of ETH staked through its protocol, according to SharpLink. Its wstETH token is integrated with more than 100 protocols and has about $10 billion actively used as collateral.
SharpLink CEO Joseph Chalom said the allocation expands the company’s efforts to make its ETH holdings more productive while maintaining institutional risk standards.
The company said the move is part of a broader effort to maximize the productivity of its Ethereum treasury for shareholders.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cardano je nově dostupné na Dune Analytics, kde uživatelé získají přístup k governance tabulkám, metrikám staking poolů a dashboardům bez nutnosti psát SQL. Integrace, která byla spuštěna na začátku dubna 2026, zahrnuje i treasury data, transakční a poplatkové metriky, aktivitu smart kontraktů, stablecoin a tokenové toky.
Cardano’s on-chain data is now live on Dune Analytics, giving community members direct access to governance tables, stake pool metrics, and ecosystem dashboards. The integration, which went live in early April 2026, is designed to bring Cardano’s data observability closer to the level enjoyed by ecosystems like Ethereum and Solana.
Nia Whitaker, Dune’s Blockchain Success Manager, announced the rollout and highlighted the launch of a “Cardano Ecosystem Overview” dashboard. The dashboard captures everything from governance snapshots to treasury insights, and critically, none of it requires users to write SQL queries.
What the integration actually covers
The data categories now queryable on Dune span a wide range of Cardano’s on-chain activity. Governance actions, stake pool operator (SPO) data, delegation patterns, transaction and fee metrics, smart contract activity, stablecoin and token flows, and treasury data are all included.
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The integration was launched through Cardano’s Pentad-led Critical Integrations program, a coordinated effort involving the Cardano Foundation, IOG, and EMURGO.
The money behind the data
Approximately 65 million ADA was allocated in earlier phases of the program to fund integrations like this one.
V2 proposals are expected in May 2026 requesting additional funding to cover ongoing costs associated with maintaining and expanding the Dune integration. On-chain governance will determine whether the community approves those follow-up allocations.
Why Dune, and why now
Whitaker joined Dune in January 2025, and her role as Blockchain Success Manager positions her at the intersection of onboarding new chains and ensuring their data is actually useful once it arrives on the platform.
The timing aligns with Cardano’s post-Voltaire governance strategy. Voltaire, the governance-focused era of Cardano’s development roadmap, introduced on-chain voting and treasury management. Putting governance data on Dune lowers the barrier to informed participation. A delegator can now check how their stake pool operator is performing, review active governance proposals, and track treasury flows, all from a single dashboard.
What this changes for the ecosystem
For developers and researchers, having Cardano data on Dune means they can use familiar tools and workflows rather than learning Cardano-specific analytics platforms. For Cardano’s competitive positioning, the integration addresses a persistent criticism that the ecosystem’s data tooling lagged behind peers. Ethereum has had deep Dune integration for years, with thousands of community-created dashboards. Solana’s Dune presence expanded significantly as its ecosystem grew.
The May 2026 V2 funding proposals will serve as an early test of whether the community values continued investment in data infrastructure enough to approve additional ADA allocations.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cardano splnilo klíčový milník pro spotové ETF po šesti měsících regulovaného obchodování ADA futures na CME. Zároveň komunita schválila 120 milionů ADA prostřednictvím návrhu Cardano PRIME na podporu růstu DeFi.
TLDR ADA price trades near $0.1856, about 11.91% below its recent high of $0.2107. Cardano reached a key spot ETF eligibility milestone after six months of regulated ADA futures trading on CME. Grayscale withdrew its Cardano ETF filing, but other asset managers could still pursue ADA-focused ETF applications. Cardano’s DeFi expansion received 120 million ADA through the approved Cardano PRIME proposal. Leios and Hydra upgrades aim to increase Cardano’s transaction capacity while maintaining network security. Cardano is expanding interoperability through a testnet IBC connection with Injective. Cardano investors remain focused on new network developments as the ADA price trades near $0.1856 after a recent correction. ADA fell about 11.91% from last week’s high of $0.2107. Despite the pullback, attention has shifted to ETF eligibility, DeFi activity, scaling upgrades, interoperability, and Bitcoin integration.
ADA Price Faces Pressure as ETF Eligibility Improves Cardano reached an important ETF-related milestone on August 9, 2026. CME Group launched regulated ADA futures on February 9, giving the token six months of futures trading under a regulated U.S. market structure.
Grayscale withdrew its S-1 filing for a Cardano ETF last week. However, ADA still met a key condition linked to the SEC’s streamlined spot ETF review process. This could leave room for other asset managers to submit Cardano-focused ETF applications.
Cardano is also extending its reach through interoperability. A testnet connection with Injective uses an on-chain IBC rail that allows users to transfer ADA to Injective and move INJ back to Cardano.
The network’s DeFi push also gained support after the community approved AlphaGrowth’s Cardano PRIME proposal. The plan allocates 120 million ADA to support DeFi growth. Cardano’s RealFi testing phase has also recorded more than 3,000 active wallets and over 36,000 on-chain actions.
Leios and Hydra Target Higher Network Capacity Cardano developers continue work on Ouroboros Leios and Hydra. Both projects aim to increase transaction capacity while keeping Cardano’s base-layer security and decentralization model in place.
Leios is expected to reach mainnet this year, while Hydra does not yet have a confirmed launch date. These upgrades form part of Cardano’s effort to handle more network activity as its DeFi and cross-chain services expand.
Bitcoin Bridge Adds Another Cardano Catalyst Cardano is also developing a Bitcoin DeFi link through a BitVM-powered bridge. Charles Hoskinson recently reported major efficiency gains in the bridge’s testing process.
According to the update, data requirements fell from 40 GiB to 0.0281 GB. Execution time dropped from 354 seconds to 0.149 seconds, while costs declined from $14,211 to $37 using the mainnet proof.
The ADA price remains below last week’s high, but Cardano investors continue tracking these network changes. ETF eligibility, DeFi funding, scaling tools, interoperability, and Bitcoin integration now remain key areas to watch in the coming months.
Michael Saylor představil nový finanční model Digital Finance Stack, v němž má USDT sloužit jako hlavní transakční brána a Bitcoin jako „těžký“ digitální kapitál. Strategy tak chce propojit Bitcoin s finančními nástroji pro platby a úvěry.
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Strategy chairman Michael Saylor, who had championed uncompromising Bitcoin maximalism for years, has made an unexpected compromise with the fiat world. The entrepreneur unveiled the concept of a multi-layered Digital Finance Stack, in which the USDT stablecoin has, for the first time, been officially designated as the ecosystem's primary transactional gateway.
The new architecture clearly distributes assets across the monetary spectrum: from volatile Bitcoin on the left flank to stable fiat payment instruments on the right.
How Saylor plans to supercharge Bitcoin with USDTWithin this framework, Bitcoin is assigned exclusively the role of "heavy" digital capital and the ultimate defensive asset. To directly address Bitcoin's limited transactional utility, the largest corporate holder of the cryptocurrency has unexpectedly integrated Tether's USDT into the model.
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This zero-volatility instrument is intended to fully meet the market's need for fast, everyday payments.
Michael Saylor's Bitcoin-centered Digital Capital framework, Source: Michael Saylor via X.comServing as a bridge between them are new structured financial-engineering products developed by Strategy itself. These include STRC, a semi-stable, fixed-income credit instrument represented by the company's Bitcoin-backed preferred stock, and SR-strcUSX, a hybrid token created for the sole purpose of combining the stability of fiat currency with debt-market yields.
The top layer of this system is Digital Equity, which connects all levels of the framework into a single business.
You can live on Bitcoin. You can also build on it. Crude oil is valuable, but civilization gets more utility by refining it into gasoline, jet fuel, plastics, lubricants, and asphalt. Bitcoin is Digital Capital. Innovation turns capital into credit, money, and currency.
— Michael Saylor (@saylor) August 13, 2026 Under Saylor's vision, fintech companies will be able to earn revenue by managing these payment and credit instruments, while investors will receive a share of their earnings by purchasing equity.
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Saylor's theoretical framework has emerged at a moment of severe stress testing for Strategy's actual balance sheet. The company's latest reports showed that it had broken its "never sell" rule, liquidating 6,948 BTC worth $432.5 million this summer to pay dividends and maintain liquidity. The sale came as the STRC preferred stock was trading below its $100 par value.
Although CEO Phong Le said this week that Strategy expects to return to net Bitcoin purchases by the end of 2026, Saylor's new concept clearly shows that the company is attempting to transform its massive reserve of 840,447 BTC from a passive and volatile burden into an active commercial fintech instrument.
Tether oznámil dokončení plného nezávislého auditu za rok 2025 od KPMG U.S., která vydala výrok bez výhrad. Audit potvrdil, že rezervy převyšují závazky o 6,814 miliardy USD.
KPMG U.S. issues unqualified audit opinion on Tether’s 2025 financial statements – the most positive form of opinion an independent auditor can issue
13 August 2026 – Tether, the largest company in the digital asset industry, today announced the successful completion of a full independent audit of Tether International, S.A. de C.V.’s financial statements for the year ended December 31, 2025, conducted by KPMG U.S. The audit, completed in accordance with applicable professional standards, represents one of the most significant milestones in Tether’s history, it is also the largest inaugural financial audit in history. Completed at a scale and within the highest standards, it establishes a new benchmark for financial scrutiny across the stablecoin market.
KPMG issued an unqualified audit opinion of Tether’s financial statements, meaning in KPMG’s opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and the results of its operations and its cash flows for the year ended in accordance with U.S. generally accepted accounting principles. The audit complements Tether’s existing quarterly reserve reporting, examining the transactions, systems, ownership records, valuations, counterparties, and underlying evidence supporting the Company’s financial statements. An unqualified opinion – meaning an opinion issued without reservations, exceptions, or caveats – is the most positive form of opinion that an independent auditor can issue.
As part of the process, KPMG physically counted and inspected every individual gold bar held by Tether, verifying the existence and identifying information of each bar rather than relying solely on reports from custodians or counterparties. Rigor was also applied across the entirety of Tether’s financial statements – the full balance sheet, including the assets composing the reserves and the liabilities represented by the issued token, as well as the income statement, change of equity, and cash flows statements. Each area was subject to independent substantive testing and verification.
“This is a defining moment for the stablecoin industry,” said Paolo Ardoino, CEO of Tether. “For years, some detractors said an audit of Tether could not be completed. They said the Company refused to subject itself to the most rigorous scrutiny. We have once again proven them wrong. Completing our financial statement audit sets a new standard for the industry and reflects the leadership we’ve brought to this market from the start.”
“KPMG did not simply review a set of headline figures,” Ardoino continued. “KPMG conducted a full and thorough audit in accordance with AICPA standards – examining the assets, transactions, systems, documentation, and other evidence supporting our financial statements. The result is an unqualified opinion; in other words, it means Tether has a clean audit.”
“This is a landmark moment for Tether and for the industry we serve – a milestone in Tether’s commitment to transparency,” said Simon McWilliams, Chief Financial Officer of Tether. “We subjected our financial statements to the scrutiny of a Big Four audit, one of the most ambitious projects in the Company’s history, and completed it with the highest priority following the announcement of our signing with a Big Four auditor. This was our Finance team stepping into the highest league and leading in it. We hold ourselves to the standards seen at the world’s leading companies – and we will keep raising them over time. Tether’s audited financial statements for the year ended 31 December 2025 report reserves exceeding the liabilities by $6.814 billion, confirming the quality of the public attestation reports.”
Tether has provided regular independent attestations of the assets backing its issued tokens for years. The completion of a financial statement audit represents a fundamental step forward in the Company’s financial reporting and the fulfillment of one of its longest-held commitments.
The achievement also carries implications beyond Tether. Stablecoins have become an increasingly important component of global financial infrastructure, supporting savings, payments, remittances, trading, and access to U.S. dollars for hundreds of millions of people.
As their role grows, the financial governance and independent scrutiny applied to stablecoin issuers must grow with them. By voluntarily subjecting its complete financial statements to this level of examination, Tether is setting a higher standard for accountability across the market.
“People may describe this as the end of a long journey, but we see it as the beginning of the next one,” Ardoino said. “Tether has evolved from a disruptive stablecoin issuer into one of the most financially significant and operationally sophisticated private companies in the world. This audit demonstrates that our financial infrastructure and governance have evolved alongside that responsibility. Today, more than 650 million users across all emerging markets continue to rely on Tether daily, choosing USD₮ as their currency, for their life savings, for their commerce, for the future of their children. These are people who have been left behind by the traditional financial system, and they trust our Company to remain resilient amidst all the global uncertainty that plagues the world – the proof of that stability is no longer just a Tether promise; it’s a signed opinion.”
Marketnode přenese vybrané fondy BNY Investments na Stellar, čímž rozšíří přístup k tokenizovaným investičním produktům pro institucionální i akreditované investory.
Digital market infrastructure firm Marketnode is set to bring select BNY Investments funds onchain through the Stellar network (@StellarOrg), in a move that widens access to tokenized investment products for both institutional and accredited investors.
What the Partnership InvolvesMarketnode will use its digital infrastructure to tokenize the chosen BNY Investments funds, with distribution efficiency and security cited as the primary goals of the arrangement. Institutional investors stand to gain exposure to multi-asset investment products through the onchain rails, while accredited investors will also be granted access to the selected funds.
Founded by SGX Group and Temasek in 2021, Marketnode serves as Asia-Pacific's distributed ledger-powered financial market infrastructure, operating two platforms: Gateway, an end-to-end tokenization platform, and Fundnode, Singapore's investment fund infrastructure on blockchain. The firm is backed by Euroclear, HSBC, SGX Group and Temasek, and positions itself as APAC's trusted and neutral digital market infrastructure.
Part of a Broader Push by BNY Into TokenizationThe Stellar collaboration arrives as BNY deepens its commitment to blockchain-based fund servicing. In July 2026, BNY announced the launch of its new Digital Transfer Agency capabilities, extending the firm's fund servicing to support digitally native funds across multiple jurisdictions and blockchains, enabling a unified client servicing experience. As of June 30, 2026, BNY oversees $62.6 trillion in assets under custody and administration and $2.2 trillion in assets under management.
The tokenized real-world asset market has expanded sharply in 2026. The global tokenized financial asset market stands at approximately $30 billion, over double where it stood a year earlier, with U.S. Treasury securities and money market funds accounting for about half of that total. The Marketnode and BNY Investments arrangement on Stellar adds further institutional weight to that trend, using a public blockchain network to improve the reach and operability of traditional investment products.
Sources:
BNY: Global Digital Transfer Agency Launch (July 2026)
Markets Media: Euroclear Invests in Marketnode
Callan: Tokenization and 2026 Shifts for Institutional Investors
Stellar ve 2. čtvrtletí zvýšil objem tokenizovaných RWA na 3,05 miliardy USD, tedy o 100 % mezikvartálně. Převody stablecoinů dosáhly rekordu 11,4 miliardy USD.
Stellar quietly posted one of the strongest quarters any Layer 1 has seen in 2026, and it did it in the lane that actually matters to Wall Street: regulated finance.
The Stellar Development Foundation’s Q2 2026 network report, released on August 3, shows tokenized real-world assets on the network reached $3.05 billion, a 100% increase from the prior quarter. That growth rate is roughly four times faster than the broader RWA tokenization market. Meanwhile, stablecoin transfer volumes hit an all-time high of $11.4 billion, and the network averaged approximately 4.9 million daily transactions.
Protocol 26 sets the stage
Much of this momentum traces back to a single date: May 6, 2026, when Protocol 26, nicknamed “Yardstick,” went live on Stellar’s mainnet. The upgrade had been cooking since early April, hitting stable releases on April 8 and clearing testnet on April 16 before the full activation.
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Two features stand out. First, a governed on-chain freeze mechanism, which gives issuers the ability to pause or restrict asset transfers in compliance with regulatory requirements. Second, improved 256-bit arithmetic functionality, which lets the network handle calculations with far greater precision when settling institutional-grade financial instruments.
Who’s actually tokenizing on Stellar
The $3.05 billion in RWAs isn’t a single issuer inflating the number. Centrifuge is driving activity in credit markets, tokenizing private credit instruments and structured finance products. Matrixdock has carved out a niche in gold tokenization, bringing physical precious metals on-chain. And a cohort of issuers across the EU, UK, and US have launched tokenized US Treasuries and investment funds on the network.
Perhaps the most notable signal is institutional interest from the Depository Trust & Clearing Corporation. DTCC, which processes trillions of dollars in securities transactions annually and serves as the backbone of traditional US capital markets, has expressed plans involving Stellar.
The stablecoin story
The $11.4 billion in stablecoin transfers during Q2 represents a new all-time high for the network. Averaging 4.9 million daily transactions also suggests the network is handling meaningful throughput without degradation.
What this means for the competitive landscape
Stellar’s Q2 numbers land at a moment when RWA tokenization has become one of the most contested battlegrounds in crypto. Ethereum remains the largest venue for tokenized assets by total value, but competitors including Polygon, Avalanche, and Solana have all made aggressive plays for institutional issuers.
Doubling RWAs in a single quarter while the broader market grew at roughly a quarter of that pace suggests the strategy is working. Protocol 26’s freeze mechanism is a concrete example: a feature that a bank’s compliance department considers table stakes, now native to the blockchain rather than handled through off-chain workarounds.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Marketnode přenesl vybrané fondy Mellon Investments na Stellar, čímž dává institucionálním i akreditovaným investorům v Asii a Tichomoří digitální přístup k regulovaným fondům. Fondy budou na blockchainu reprezentovány jako tokeny.
Marketnode has announced the onchain integration of select Mellon Investments funds through the Stellar blockchain, giving institutional and accredited investors in the Asia Pacific region digital access to established financial instruments.
Tokenization of Regulated Funds Gains MomentumThe initiative enables certain Mellon Investments funds to be represented as digital tokens on Stellar. This approach offers qualified investors a new avenue to access traditional investment products through blockchain technology instead of relying solely on conventional channels.
Stellar, managed by the Stellar Development Foundation, is a blockchain platform known primarily for cross-border payments and digital asset issuance. Marketnode, a digital market infrastructure company, is accelerating its tokenization strategy by bringing regulated asset managers onchain.
By leveraging tokenization, Marketnode aims to streamline asset management processes and offer investors efficient, traceable, and accessible instruments. As more regulated asset managers consider moving their funds onchain, Stellar’s role in the digitization of financial products is expanding.
Institutional and accredited investors across Asia Pacific are gaining access to real-world investment products on chain, bringing benefits of blockchain technology to traditional finance.
Mini dictionary: Marketnode, a digital market infrastructure provider based in Singapore, focuses on tokenization and the digitalization of traditional financial assets for institutional finance in the Asia-Pacific region.
Stellar Expands Beyond PaymentsTraditionally used for cross-border transfers and crypto payments, Stellar is broadening its presence in regulated finance by offering robust tokenization capabilities. The platform’s infrastructure allows asset managers to represent various investment vehicles—including funds and securities—as blockchain-based tokens.
The Asia Pacific region is emerging as a hub for blockchain-enabled financial instruments. Institutional finance players, particularly in countries like Singapore, are exploring collaborations to digitize traditional assets and enhance operational efficiency through blockchain.
The adoption of Stellar by Marketnode highlights the evolving interest among institutional investors in blockchain infrastructure. Tokenization can improve liquidity, simplify settlement processes, and potentially widen investor access to established financial products.
Market Analysis and Future OutlookThe move comes during a period of mixed performance in the broader cryptocurrency market. Stellar’s price did not record any significant reaction following the announcement, as investors are watching to assess the impact of these developments on long-term network activity.
If more banks and asset managers choose similar models, blockchain-based funds could become mainstream within institutional finance, especially in regions with active regulatory oversight and innovation hubs.
The future growth of tokenized finance on Stellar will depend on evolving regulatory frameworks, continued institutional adoption, and the technical ability of asset managers to migrate traditional products to blockchain networks.
As Marketnode continues to pursue partnerships that bridge conventional finance with blockchain, momentum is building for the tokenization of diverse asset classes in Asia Pacific, potentially setting a precedent for similar projects globally.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Prediction Markets Cross a Historic Volume ThresholdPrediction markets have reached a significant milestone, with monthly transaction volume climbing above $40 billion and surpassing the total combined volume of all U.S. sportsbooks. For context, Pew Research Center data shows that legal U.S. sportsbooks handled roughly $14 billion per month in 2025 on average, making the prediction market figure a clear inflection point for the sector.
The growth has been steep. Industry data compiled by Gambling Insider shows monthly notional trading volume was below $100 million in early 2024 before climbing above $13 billion in late 2025. Bernstein analyst Gautam Chhugani now projects total prediction market volumes could reach $240 billion in 2026 alone, with a path toward $1 trillion annually by 2030, according to a CNBC report citing the investment bank's research.
How @Chainlink Is Powering the Infrastructure LayerBehind that volume growth sits a critical piece of infrastructure. @Chainlink oracles supply the verified, real-time data streams that prediction market platforms need to resolve outcomes accurately and settle payments without delay. According to Chainlink and Polymarket's official partnership announcement, the integration combines Chainlink Data Streams, which provide low-latency, timestamped, and verifiable oracle reports, with Chainlink Automation for timely, automated on-chain settlement.
@Polymarket, one of the sector's largest venues, integrated the $LINK network directly into its resolution process. Chainlink states that Polymarket's volume grew 7.5x over the six months following its integration, and the oracle network now also backs resolution for @trylimitless, @JupiterExchange, and other competing venues. Most recently, @Polymarket overhauled settlement for its short-duration crypto markets, replacing single-price snapshots with a time-weighted average price mechanism powered by Chainlink Data Streams, effective August 7, 2026.
Beyond @Polymarket, @Predictstreet selected Chainlink as its exclusive oracle infrastructure provider for FIFA World Cup 2026 prediction markets, with Chainlink's Runtime Environment handling automated market creation, outcome verification, and payouts using official FIFA data. @world_xyz is also among the leading platforms leveraging the $LINK network to eliminate settlement delays and scale decentralized forecasting for a global user base.
The broader shift points to oracles becoming core settlement infrastructure rather than a peripheral data tool. As @Chainlink founder Sergey Nazarov has noted, when market outcomes are resolved using high-quality data and tamper-proof computation, prediction markets evolve into reliable, real-time signals that global users can trust.
Sources
Pew Research Center: Trading volume on prediction markets has soared in recent months
PR Newswire: Polymarket Partners with Chainlink to Enhance Accuracy of Prediction Market Resolutions
CNBC: Prediction markets will grow to $1 trillion by 2030, Bernstein estimates
Morph spustil neúschovní platební platformu pro USDC a USDT, která posílá stablecoiny přímo do peněženek ovládaných uživateli. Firmy si mohou napojit vlastní wallet a přijímat platby přes faktury nebo platební odkazy bez vkladu u Morph.
Morph has launched a non-custodial payments platform that supports USDC and USDT, lets businesses connect their own wallets, and settles customer payments directly on-chain.
Summary
USDC and USDT payments settle directly into wallets controlled by users.
Morph Payments includes invoices, payment links, and a transaction dashboard.
The platform does not require businesses to deposit stablecoins with Morph.
Visa data cited by Morph put adjusted stablecoin volume at $10.2 trillion over 12 months.
Morph Payments leaves funds in users’ wallets
According to an Aug. 12 press release from Morph shared with crypto.news, the service is available to online businesses, freelancers, and distributed organizations that want to accept, send, and monitor stablecoin payments.
Morph Payments works by connecting a self-custodial wallet to the platform rather than requiring a business to transfer its funds into an account controlled by Morph. When a customer completes a payment, the stablecoins move directly to the wallet selected by the recipient.
Morph said the initial release supports USDC and USDT, the two stablecoins named in the announcement. Businesses can create an invoice or payment link that directs customers to a checkout page, while completed transactions appear in a single dashboard.
Under the setup described in the release, Morph provides the payment interface but does not hold the funds sent through it. Businesses retain control of the private wallet receiving the payment, and the stablecoins become available once the blockchain confirms the transaction.
Such a model differs from a custodial processor, which receives money on behalf of a merchant and later releases the balance. Morph said direct settlement can reduce the time businesses wait to access incoming funds, although the announcement did not provide transaction-speed tests or comparisons with specific payment companies.
The release also did not disclose the platform’s fees, transaction limits, supported jurisdictions, identity-verification requirements, wallet compatibility, or smart-contract audit details. Morph said businesses and entrepreneurs could begin registering through its website on Aug. 12.
Invoices and payment links target online businesses
Alongside wallet settlement, the first version lets users send stablecoins and monitor incoming and outgoing payments. The dashboard is designed to put payment records, invoices, and checkout links in one place, according to the company.
For freelancers, a payment request can be created as an invoice or a link and sent directly to a client. Online businesses can use the same process to collect USDC or USDT without giving Morph control over the receiving wallet.
Morph presented the service as an option for cross-border payments and remote work, where bank transfers may pass through several institutions before reaching the recipient. Claims about payments arriving within minutes and providing faster access to working capital came from the company; the press release did not include independent performance data or customer results.
Renna Ba, Morph’s head of ecosystem, said businesses could eventually work with several stablecoins in much the same way that companies now handle different national currencies.
“The challenge isn’t creating more payment options—it’s making that complexity invisible so businesses can focus on growing, not managing payments.”
Although the comment points to support for multiple assets, the initial product is limited to USDC and USDT. Morph did not identify other stablecoins it may add or provide a schedule for expanding the list.
Morph Payments follows earlier network programs
The launch adds a user-facing product to Morph’s existing work on stablecoin infrastructure. In January, the network selected Cobo as its first partner for the Morph Payment Accelerator, a performance-based program tied to verified stablecoin volume on Morph’s mainnet.
Cobo provides custodial wallets, multi-party computation wallets, and wallet infrastructure across more than 80 blockchains. The January announcement said the partnership would focus on institutional stablecoin activity, including cross-border payouts and high-frequency settlement.
Morph Payments takes a different approach at the user-account level because the new service does not take custody of a business’s assets. Customers can still move stablecoins received through the platform to trading services or yield products built on Morph’s network, the company said. Participation in such services would involve separate platforms and risks not detailed in the payments announcement.
The company has not disclosed transaction targets, expected user numbers, or revenue projections for the product. Additional functions are planned over the coming months, but Morph did not specify which tools will be added or when they will become available.
Stablecoin payment tools are reaching more businesses
Morph cited Visa’s on-chain analytics showing $10.2 trillion in adjusted stablecoin transaction volume during the previous 12 months, a 65% increase from the comparable period. Visa’s adjusted measure is designed to filter activity that its methodology identifies as inorganic.
Separate research published by Morph in April estimated that stablecoins handled $33 trillion in total on-chain volume during 2025. As previously covered by crypto.news, the report attributed about 60% of the measured flows to business-to-business activity and projected more than $50 trillion in settlement volume during 2026. The figures are company estimates rather than audited financial results.
Other payment providers have also introduced stablecoin tools for corporate users. In July, Ramp launched stablecoin business accounts on Solana, allowing customers to hold USDC and USDT and send payments to vendors in more than 140 countries. Ramp also said its system could convert payments into more than 40 local currencies.
Ramp’s product combines stablecoin balances with its existing approval and accounting tools, while Morph’s release focuses on direct settlement to a wallet controlled by the business. Morph did not announce local-currency conversion, bank-account funding, or accounting software integrations.
U.S. stablecoin rules remain unfinished
American businesses considering stablecoin payment products operate under a federal framework that is still being implemented. President Donald Trump signed the GENIUS Act into law on July 18, 2025, establishing federal requirements for payment stablecoin issuers, including reserve, redemption, disclosure, and supervision standards.
The law primarily regulates issuers rather than every business that receives stablecoins. Its treatment of distribution remains relevant, however, because U.S. digital asset service providers will face restrictions on offering payment stablecoins from non-permitted issuers beginning in July 2028.
USDC and USDT are issued by Circle and Tether, respectively, rather than by Morph. The launch announcement did not state whether Morph Payments would be available in every U.S. state or identify the licenses and compliance procedures that could apply to American customers.
Federal regulators missed a July deadline for completing several rules required under the GENIUS Act. As of July 19, proposals covering reserves, redemptions, custody, customer identification, anti-money laundering controls, and state supervision had not all been finalized. The statute is scheduled to take effect by Jan. 18, 2027, unless final regulations start an earlier 120-day implementation period.
ether.fi do aplikace přidává tokenizované akcie, nové fiat převody a půjčky kryté přes Aave. Současně zavádí programové odkupy ETHFI financované ze všech příjmů.
The Summer release lands a week after the protocol pulled restaking out of weETH. The release also introduces programmatic ETHFI buybacks funded from every revenue line.
ether.fi is adding tokenized stock trading, portfolio-wide borrowing and global fiat transfers to its app, moving the liquid staking protocol further into retail banking products. The company announced the changes Thursday as part of what it calls its Summer release.
The launch continues a shift ether.fi has been making all year. The protocol removed restaking from weETH last week, leaving less than 1% of its assets restaked with EigenLayer, and has spent 2026 building the card, credit and payments stack it first described as a "defibank" in April 2025.
Staking is still almost all of the balance sheet. ether.fi's staking arm holds $3.34 billion, DefiLlama data shows. Its Optimism borrowing market holds $160.2 million against $23.3 million of active loans, up 11.8% over 30 days, and the vault backing the Cash card holds $124.5 million.
"Our goal is to replace the traditional bank for most users and give them tools and benefits that were previously available only to institutions and high-net-worth individuals," ether.fi CEO Mike Silagadze said in a statement.
Borrowing Against EverythingThe release says an integrated Aave market on Optimism lets users borrow against their entire portfolio at rates "currently around 4%" to spend on the Cash card or buy other assets. USDC on Aave v3 Optimism carries a borrow rate of 3.82%, Aavescan data shows.
The dedicated Aave instance ether.fi has asked for is still in governance. ether.fi filed a temp check on July 1 to deploy an Aave V4 whitelabel instance on OP Mainnet that it would operate end-to-end, and it passed. An ARFC followed on July 14, setting out next steps that require an AIP vote for final confirmation.
Terms in the proposal give Aave's DAO 20% of instance revenue, which ether.fi projects at $1 million to $1.2 million a year, with up to $175 million in assets at launch and a $500 million target by year-end. Delegates posting as Abel189 and MconnectDAO gave conditional support on July 26. MconnectDAO cited reputational risk to the DAO, collateral factors of up to 95% on complex collateral types, and limited onchain accountability for the independent risk admin, and asked for a documented performance review before license renewal.
The ARFC states that ether.fi Cash currently runs on a custom, non-pooled borrow market on OP Mainnet, with about $25 million in active borrows across more than 16 collateral assets. The release does not say whether the market now live in the app is that one, the existing Aave v3 deployment, or the instance still in governance.
Kraken Owns The StocksTokenized equities in the app come through xStocks, alongside metals and crypto assets, with holdings kept in an ether.fi vault protected by social recovery.
xStocks is issued by Backed Assets (JE) Limited and distributed through Payward entities. Kraken acquired Backed Finance in December 2025. Its documentation lists availability on "Ethereum, Solana, Arbitrum, Mantle, TON, Ink, and other EVM-compatible networks," without naming Optimism, where ether.fi's card and credit products settle. xStocks passed $500 million in onchain volume in August 2025, a figure analysts at the time called symbolic against the volumes routinely cleared on Solana decentralized exchanges.
Stock and metals trading is not available in the United States and certain other markets, according to the release. Everything else ships to all users Thursday.
Thirty Currencies, Named AccountsNew on- and off-ramps support more than 30 additional currencies and payment methods including Cash App, Apple Pay and Interac, with named accounts for deposits. The Cash card pays 3% back on purchases at every tier, with monthly caps of $2,000 for Core, $10,000 for Luxe and $50,000 for Pinnacle, plus an invite-only VIP tier, per ether.fi's terms. ATM withdrawals carry a 2% fee at every tier.
Half A Million Membersether.fi describes itself as the first and largest non-custodial crypto neobank, with more than half a million members and a $2 billion annual transaction run-rate.
Onchain data supports part of that. ether.fi's card has settled $723.4 million across 9.07 million transactions and 98,683 addresses since November 2024, Paymentscan shows, with July setting a record at $100.3 million, or about 13% of the $748.7 million in sector-wide card volume Paymentscan tracked that month. That pace annualizes to roughly $1.2 billion, below the $2 billion the company cites. The gap would close if the run-rate counts swaps, deposits and withdrawals alongside card spending.
ether.fi last disclosed user figures in February 2026, when it put accounts at 300,000 and active cards at 70,000 and total spending since launch at $265 million. Paymentscan publishes no custodial classification, and the "largest non-custodial" ranking is ether.fi's own.
Buybacks Written Into ContractsThe release introduces programmatic ETHFI buybacks written into protocol contracts and funded from every product and revenue line. ether.fi has run buyback programs since 2024, including a withdrawal-revenue program approved in April 2025, after which the token doubled the following month, and a $50 million treasury program approved in November 2025 that triggers only while ETHFI trades below $3. Current documentation describes weekly buybacks from eETH withdrawal fees and monthly buybacks from Stake, Liquid and Cash revenue, with proceeds going to sETHFI holders.
ETHFI trades at $0.37, down 3.2% over 24 hours and up 1.3% on the week, with a market capitalization of $361.8 million, CoinGecko data shows. The token is 95.6% below its March 2024 high of $8.53. Ether trades at $1,888.
ether.fi is hosting an analyst call on the release Thursday at 10 a.m. ET.
Ether.fi přidává v aplikaci tokenizované akcie, kovy, úvěry zajištěné portfoliem a účty ve fiat měnách. Tokenizované akcie a kovy ale nejsou dostupné uživatelům v USA.
In brief Ether.fi is adding tokenized assets and loans backed by multiple holdings. Fiat accounts will support more than 30 currencies and payment methods. Tokenized stocks and metals will not be available to U.S. users. Ether.fi, a decentralized finance platform known for Ethereum staking, is adding tokenized asset trading, portfolio-backed loans, and fiat accounts to its self-custodial app.
Announced on Thursday, Ether.fi said users can now trade tokenized stocks, metals, and crypto assets through its app. An integrated market using decentralized lending protocol Aave on Optimism, an Ethereum scaling network, also lets users lend assets, borrow against their portfolios without selling their holdings, and send or spend the proceeds. New fiat accounts support deposits and withdrawals worldwide.
Myriad: Ethereum next price move? Click the image to make your prediction.“Initially we're supporting existing assets and select tokenized stocks and gold,” Ether.fi founder and CEO Mike Silagadze told Decrypt. Those existing assets include Ethereum, Bitcoin, Hyperliqud, and ETHFI, Ether.fi's native governance token, said Silagadze. “Quickly we'll start adding additional assets as collateral.”
According to Ether.fi, fiat accounts will be available to users who have completed the identity checks required for its payment card. Deposit and withdrawal speeds will vary.
Ether.fi is also introducing automated buybacks of ETHFI and offering 3% cash back on card purchases. The company says it has more than 500,000 members and a $2 billion annual transaction run rate.
Silagadze said portfolio-backed loans and tokenized real-world assets, or RWAs, could attract people who do not already use decentralized finance.
“I think being able to borrow against the whole portfolio, and being able to loop RWAs is going to be popular,” he said. “Also getting cashback on trades and borrows is going to create some buzz, I think.”
The new features are available to new and existing Ether.fi users, although tokenized stock and metals trading is unavailable in the United States and certain other markets.
Silagadze said the expanded platform is intended to serve as an alternative to traditional banks.
“With ether.fi, we’re bridging the gap between decentralized finance and everyday financial needs,” Silagadze said. “Our goal is to replace the traditional bank for most users and give them tools and benefits that were previously available only to institutions and high-net-worth individuals. That is the power of DeFi and self-custody.”
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AI audit Aave V3 a V4 nenašel žádný potvrzený problém kategorie Critical ani High; všech 71 zjištění bylo po manuální kontrole klasifikováno jen jako Low nebo Informational.
Aave has operated across four protocol generations since 2020, and its security program has grown with each one. Manual audits, formal verification, invariant testing, fuzzing, public contests, and a standing bug bounty each entered the process as they proved their worth, and Aave Labs keeps testing newer methods as they mature.
Aave V4 underwent more than 340 days of cumulative security review before the scans outlined below happened, including manual audits, formal verification, invariant testing, fuzzing, and a six-week public contest. While Aave V3 has been hardened by years of production operation and successive audits on top of that.
In Security By Design: Aave V4, Aave Labs committed to evaluating AI-powered auditing as a complementary layer of the security program, and to maturing AI scanning for future releases. Delivering on that, we ran three AI security tools against Aave V3 and Aave V4, and are reporting the findings here.
Across 71 findings, no Critical or High severity issue was confirmed in either protocol. Every finding that survived manual validation is of Low or Informational severity, and at no point were users or their funds at risk from any issues mentioned.
How Deep the Existing Tests Run
Beyond vulnerability scanning, one tool ran mutation testing against four core V4 contracts, Hub, Spoke, TreasurySpoke, and AaveOracle, injecting 304 deliberate code mutations to measure whether Aave's own test suites would catch them.
ContractsMutationsKilled by existing testsInconclusive (suite timeout)Hub1511429Spoke / TreasurySpoke / AaveOracle15312924Total30427133
Existing tests killed 271 mutations outright, and no mutation was shown to survive. The remaining 33 returned inconclusive because the suites timed out rather than because a mutation slipped through, and work is ongoing to speed those suites up. Coverage measures which lines a test suite touches. Mutation testing measures whether it would notice those lines being wrong.
Approach
Each tool uses a different methodology, so the codebases were probed from genuinely different angles rather than through three variations of the same scan. Scans ran against pinned commits of the production repositories, covering the full src trees, and where supported the tools received the same context human auditors work from, including the V4 threat model and prior audit reports.
Rather than taking any verdict on faith, Aave Labs manually reviewed every finding against the code and classified each as valid, false positive, duplicate, or by design, using the same triage discipline applied to audit and contest submissions.
ToolMethodologySherlock AIAgentic AI audit runs, supplied with the V4 threat model and prior audit reports as contextOctaneAutomated vulnerability analysis with per-finding exploit scenarios, severity and likelihood reasoning, and proposed fixesOlympixAI vulnerability discovery (BugPocer) with runnable Foundry proof-of-concept generation for each reported true positive, plus mutation testing of the V4 test suites
Results
ToolCodebaseFindings surfacedValid after manual reviewSeverity of valid findingsTool AAave V495¹LowTool AAave V3138²LowTool BAave V4181InformationalTool BAave V311³LowTool CAave V4130⁴—Tool CAave V3175⁵LowTotal7120All Low / Informational
Results are anonymized per tool and presented in randomized order. This review was run to strengthen the protocol's security posture rather than to benchmark vendors against one another, and the aggregate outcome is what matters most for this analysis.
¹ Includes one issue previously reported and paid through the bug bounty program.
² Includes three findings on deprecated rewards contracts.
³ On a deprecated rewards contract no longer in use.
⁴ This tool's V4 report additionally lists four low and informational warnings covering operational edge cases with no security impact.
⁵ Three of the five confirmed only on deprecated or unused contracts. Six additional low and informational warnings cover view-only or far-future edge cases.
Several of the 20 validated findings were already known through existing processes such as the bug bounty program, which confirms the tools find real issues while also confirming those processes caught them first. A meaningful share affects deprecated code, and the rest are missing sanity checks in governance configuration paths, reachable only by trusted roles and failing safe by reverting, or view-function edge cases with no effect on protocol state. A small number of genuinely new items surfaced, all Low or Informational, each tracked and addressed where remediation is warranted.
A few findings arrived rated Critical or High, and validation confirmed every one as a false positive. Reading Aave correctly requires understanding its trust model, which is what human review contributes to a scan.
Where AI Helps Today
The review also covered periphery repositories including GHO, a.DI, aave-helpers, and the swap adapters, where hit rates ran materially higher than on the heavily audited V3 and V4 core. Precision was highest where prior scrutiny was lowest, which is consistent with deeply hardened core codebases and points to where AI tooling adds the most leverage today.
Even in the best runs, roughly half of the surfaced findings validated as real behavior, which places AI scanning as an early-stage layer alongside expert review. Human triage remains essential for separating signal from noise and assigning realistic severity under the protocol's trust model.
Going Forward
Aave Labs will keep working with leading teams in AI security tooling and run further AI-assisted reviews as those tools mature. We gave each vendor detailed feedback on false-positive patterns, duplicate reporting, and scoping, and the best-performing tools will be integrated into internal workflows so that scanning runs alongside development rather than only at release milestones. The methods listed above remain the foundation of the protocol's security posture, and AI scanning strengthens that stack without displacing any layer of it.
We will keep publishing results like these, including the ones less flattering than this set. Billions of dollars in user funds sit across DeFi, and the security of any one protocol raises or lowers the floor for all of them.
Thanks to the Sherlock, Octane, and Olympix teams for their collaboration and their responsiveness to feedback. Their work benefits Aave and the broader effort to make AI a dependable part of smart contract security.
@Hedera has recorded a new all-time high for daily transaction volume, processing 346,800 transactions within a single 24-hour window. The milestone reflects growing real-world demand on the network and marks a notable step up in on-chain activity for the enterprise-focused platform.
What Is Driving the Surge? Real-time data show that Hedera's low-latency consensus system is absorbing heavy workloads generated by its logistics and fintech partners without visible strain. Hedera is built for the demands of real-world applications, combining enterprise-grade security with transaction finality in seconds. That architecture appears to be proving its worth as partner activity scales.
$HBAR is the native token of Hedera, an enterprise-grade public network that utilizes Hashgraph, an alternative type of distributed ledger to blockchain. The platform is designed to enable scalable, low-cost transactions while maintaining network integrity. Those qualities have made it a practical choice for supply chain and financial services use cases, where throughput and reliability matter more than headline-grabbing features.
On-chain data show transaction counts continuing to rise, approaching 72 billion in cumulative transactions processed across the network, a figure that highlights sustained enterprise usage rather than isolated bursts of activity.
Enterprise Adoption Backing the Numbers Governed by a council of the world's leading organizations, Hedera delivers a foundation of trust that other networks find difficult to match. That governance structure has helped attract regulated-market participants who require operational certainty alongside blockchain infrastructure.
Lloyds Banking Group, Aberdeen Investments, and Archax have executed the UK's first foreign exchange trades using tokenized real-world assets as collateral, powered by the Hedera network. Partnerships of that caliber reflect the kind of institutional confidence that converts into sustained transaction volume over time.
The 346,800 daily transaction record builds on a broader growth trajectory. Year-on-year, daily active wallets rose sharply by 190 percent, while tracked dApp transaction volume jumped 386 percent, reaching 2.7 million. The latest milestone suggests that momentum has continued into the second half of 2026.
Sources:
Hedera Official Website
Coinpedia: Hedera Strengthens Enterprise Push
CoinGecko: Hedera (HBAR) Live Data
Standard Chartered uvedla, že její cílová cena UNI 100 USD na konci roku 2030 může být příliš nízká, protože tokeny se spalují tempem 90 milionů USD ročně díky poplatkům z Robinhood Chain. Uniswap nyní z tohoto řetězce získává asi 60 % příjmů.
Geoff Kendrick says UNI burns funded by Robinhood Chain trading have run at an annualized $90 million since Jul. 27. DefiLlama data puts Uniswap's protocol revenue at 2.4 times its prior level, with Robinhood Chain supplying about 60% of it.
Standard Chartered's global head of digital assets research said on Thursday that the $100 end-2030 price target he set for UNI in June may be too low, citing the rate at which Uniswap is now burning tokens with fees earned on Robinhood Chain.
The burn rate Geoff Kendrick is extrapolating from is 17 days old, and most of it comes from a chain that launched on Jul. 1. Uniswap's fee income has become concentrated in a single venue faster than any of the bank's 2030 assumptions about tokenized assets moving on-chain have been tested.
Two-Point-Four TimesUniswap protocol revenue averaged $244,222 a day between Jul. 27 and Aug. 12, up from $99,770 a day over the preceding 17 days, according to DefiLlama. All of it is used to buy and burn UNI under UNIfication, the December 2025 upgrade that routed protocol fees into programmatic burns. Annualized, the post-Jul. 27 run rate is $89.1 million, against the $90 million Kendrick cited.
At UNI's current $3.53, that pays for about 25 million tokens a year, or 4% of the 624.2 million in circulation.
"A 4% burn is clearly unsustainable," Kendrick wrote. "Even if the UNI token price were at my year-end 2026 target (USD6.50) the burn rate would be 2.2% annualised. Even that is likely not sustainable long-term. And that's before we get more partnerships like the Robinhood one." He closed the note: "I fear my 2030 UNI target of USD100 is too low!"
Sixty Percent From RobinhoodUniswap's v3 deployment on Robinhood Chain generated $925,054 of the protocol's $1.55 million in total protocol revenue over the past seven days, per DefiLlama — 60% of the burn from one chain. Uniswap accounts for $439.3 million of the chain's $511.1 million in 24-hour DEX volume, or 86%.
Uniswap Labs deployed v2, v3, v4 and UniswapX on Robinhood Chain on Jul. 2, describing itself as "the primary public AMM." Two Uniswap governance proposals executed on Jul. 17: Protocol Fee Expansion: Robinhood Chain and Activate v4 Protocol Fees (Part 1/2). Both took effect in the same window as the revenue jump, so the increase is not attributable to Robinhood Chain alone.
Where The Numbers DivergeKendrick put Robinhood Chain's total value locked "just shy of USD1bn," citing Entropy Advisors, and called it the fastest-growing chain of all time on that measure. DefiLlama has the chain at $506.97 million, with $1.55 billion bridged. The Defiant reported in July that the chain's early metrics were driven by memecoin trading rather than the tokenized stocks it was built for.
UNI is down 6.7% over 24 hours and 13.4% over the week at $3.53, per CoinGecko, with a $2.2 billion market capitalization. Standard Chartered initiated coverage on Jun. 15, calling for a 40x gain from the $2.50 level cited in that note.
AI asistent Caffeine od Dfinity podle Dominica Williamse vygeneroval 15 miliard řádků kódu, z toho velkou část v Motoko pro Internet Computer ($ICP). To ukazuje na prudké zrychlení on-chain vývoje.
The AI coding assistant @Caffeineai, developed by the @Dfinity Foundation, has generated 15 billion lines of code, according to Dfinity founder Dominic Williams. A significant share of that output was written in Motoko, the native programming language of the Internet Computer Protocol ($ICP), pointing to a sharp acceleration in on-chain development activity.
What Caffeine AI Does
Why It Matters for $ICPThe surge in Motoko code generation has direct implications for $ICP's positioning as an execution layer. This makes them a natural fit for the agentic services that Dfinity is targeting with its "Open SaaS" and "NextGen AIware" roadmap.
That token-burn mechanic ties growing developer activity directly to network demand.
With 15 billion lines of code already generated and Motoko output rising, the pace of autonomous app deployment on Internet Computer looks set to increase further as the platform moves from early adopters toward a broader developer base.
Sources:
VentureBeat: Dfinity launches Caffeine, an AI platform that builds production apps from natural language prompts
CoinDesk: ICP Up 4% Ahead of Caffeine Launch, the AI Platform Behind the Self-Writing Internet
CryptoNews: What Is Dfinity's Caffeine?
