Track market-moving stories before they get noisy

Issuers Pocket More Than the Network EarnsA notable gap has emerged inside the Avalanche ecosystem. According to figures from the @AvalancheFDN, stablecoin issuers collected $6.9 million in yield on the reserves backing Avalanche-resident tokens in June alone. Over the same month, Avalanche's on-chain economy produced just $3.1 million in nominal Gross Chain Product, the Foundation's own measure of on-chain value added, defined as on-chain profit plus transaction fees. Issuers are earning more from parked reserves than the network itself generates, and none of that income flows back to $AVAX.

The cumulative picture is starker. Lifetime issuer income on Avalanche has reached $242.8 million. That sits against $23.5 million in @avax C-Chain fees burned since 2024, itself a fraction of the $954.8 million in lifetime on-chain production the Foundation estimates. The burn is also highly concentrated: the two largest stablecoin issuers account for roughly 96% of total issuer income, at $173.2 million and $59.7 million respectively. On the fee side, Avalanche burns 100% of C-Chain transaction fees, both base and priority, which goes further than Ethereum's EIP-1559 design, which burns only the base fee and directs priority fees to validators. That structural advantage has not been enough to close the value-capture gap.

The issuer income stream is also more stable than the network's own output. Issuer revenue swings 2.1 times from peak to trough, against a 7.5 times swing for Avalanche's on-chain output. Reserve yield tracks broader interest rate conditions rather than the ebbs and flows of on-chain activity, which makes it inherently steadier regardless of network usage.

Proposed Fixes and a Cautionary Case StudyThe Foundation has identified two protocol-level levers. ACP-67 proposes a protocol-owned stablecoin as a direct route to capturing reserve yield for the network rather than leaving it with external issuers. ACP-283 makes the C-Chain minimum gas price adjustable through validator voting, replacing the current static setting, allowing validators to respond to network conditions dynamically. The logic is that higher minimum fees mean more AVAX burned per unit of activity, improving the network's own value retention.

The Foundation's paper also points to Hyperliquid as a live example of what protocol-owned yield capture looks like in practice, and of its limits. Hyperliquid launched USDH, a native stablecoin designed to redirect reserve yield back into its own ecosystem. Under a subsequent arrangement with Coinbase, the exchange agreed to treat USDC on Hyperliquid as on-platform and pay around 90 percent of reserve income back to the protocol. Hyperliquid ultimately pushed incumbents into sharing economics directly instead of building a large standalone stablecoin ecosystem around USDH. The Foundation cites this as evidence that even a well-executed protocol stablecoin can be outcompeted by negotiating yield-sharing terms with an established issuer. It is a foundation publishing a data point that complicates the easy version of its own plan, and it is arguably the most honest part of the paper. Whether ACP-67, ACP-283, or a combination of both can meaningfully shift the value-capture balance for $AVAX holders remains an open question. All figures cited are Foundation estimates.

Sources:
From Static Constants to Dynamic Variables: What Three ACPs Say About Avalanche's Economics (Avalanche)
Avalanche Retro9000 Initiative's C-Chain Phase Goes Live (Yahoo Finance)
Avalanche Transaction Fees (Avalanche Builder Hub)

The Ethereum Economic Zone was just a vision in March. Today, Gnosis Chain has moved to become the first implementer.

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Earlier this year, the introduction of the Ethereum Economic Zone (EEZ) vision catalyzed plenty of optimism. Through ambition and determination, the Ethereum community can tackle its UX thorns.

However, upon its announcement the EEZ was only that, a vision. Fast forward to today, though, and this idea has come much further into focus.

GIP-153 is live: the proposal for Gnosis Chain to become the first instance of the @etheconomiczone.

What it proposes:

> Gnosis Chain re-based onto Ethereum. Same chain, same addresses, xDAI stays the gas token
> Every mainnet asset, pool and oracle one atomic call away, and… pic.twitter.com/VeYdzfJcru

— Gnosis Chain (@gnosischain) August 12, 2026 Today the Gnosis community began voting on GIP-153, a proposal to change the strategic direction of Gnosis Chain that, if passed, would greenlight design work to recenter the network from a standalone Layer 1 into the inaugural instance of the EEZ.

If you missed the news back in March, the EEZ is a Gnosis and ZisK-led effort, funded by the Ethereum Foundation as shared public infra, aimed at giving Ethereum L1 and its rollups synchronous composability: the ability for a contract on one chain to call a contract on another and get a result back in the same atomic transaction without bridging.

What’s the Ethereum Economic Zone? on Bankless

Ethereum’s liquidity fragmentation problem might not be an issue for much longer.

BanklessWilliam M. Peaster

The grand idea is that if this architecture is brought to fruition, then Ethereum's whole ecosystem can have UX that feels like using a single chain again, just like in the days before Layer 2s. And this advance could be pulled off without Ethereum itself needing to make any protocol-level changes. Beyond the technical work needed here, though, you also need chains to commit to joining the EEZ.

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We haven't seen such commitment intrigues yet until today with the official opening of GIP-153, which specifically asks GnosisDAO to align on transitioning Gnosis Chain directly onto Ethereum as a ZK-proven EEZ rollup.

Notably, this transition wouldn't entail a literal migration to some new chain, as addresses, balances, and the xDAI gas token would stay exactly as they are now. What would happen is the sunsetting of Gnosis Chain's validator, shifting the responsibilities entirely to Ethereum's validators. GnosisDAO's treasury-funded staking subsidy would end too, replaced by a fee-capture model tied to network usage.

The rollout would be phased, as well. The first deployment could be out as early as December 2026 and would aim to provide "80% of the synchronous-composability unlock for around 40-50% of the total engineering effort," with the full finished release prepared throughout next year.

Again, this is the first real EEZ greenlighting effort the Ethereum community has seen, and it won't be the last. Future EEZ adopters will likely follow the same playbook Gnosis has modeled here, i.e. public debate, formal proposal, Snapshot vote, and then implementation work. At the time of writing, the GIP-153 vote was sitting around 98% in favor, though quorum is still early (9% of the threshold) and the vote will be open through August 19th.

Thus it seems the promise of the EEZ is now a little closer within reach. If passed, one could hold a position on a Gnosis lending market before closing it out directly into a stablecoin sitting on Ethereum mainnet, all without ever bridging or touching a second wallet. The reverse works too: funds that only ever existed on Ethereum could open or fund something on Gnosis in the same atomic step.

Of course, it's worth keeping in mind that GIP-153 is an alignment vote, so if it passes, Gnosis's engineering team still has to chart the path forward, including how sequencer decentralization gets handled and other related technical issues. But even with these sorts of outstanding matters, GIP-153 is a milestone that suggests the EEZ will, in fact, become more than just a theoretical roadmap. Now, let's see what other chains might decide to follow suit next.

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A New Standard for DeFi Risk Management@LlamaRisk has launched LlamaGuard PT, billed as the world's first automated risk oracle built on the @Chainlink Runtime Environment (CRE). The product is designed to handle real-time risk management for @PendleFinance Principal Tokens (PTs) used as collateral on @Aave, replacing a process that until now relied heavily on manual intervention.

LlamaRisk had been running the PT oracle manually and pushing parameter changes through the Risk Stewards path since Chaos Labs stepped down from Aave risk management in April. That arrangement was described as "a transitional path that was never meant to be permanent."

The shift to an automated pipeline addresses a structural gap in how DeFi protocols manage fast-moving risk. Traditional governance processes can take days to implement parameter changes, while market conditions can deteriorate in minutes. LlamaGuard PT is designed to close that gap by operating continuously, without waiting for a governance vote.

How LlamaGuard PT Works on Chainlink CREThree Chainlink CRE workflows replace the manual process. The workflows compute smoothed implied rates, discount rates, and per-E-Mode liquidation parameters for each Pendle PT market, each publishing a signed report that a new onchain router validates. The router writes atomically to the oracle and triggers execution in a single transaction, with every parameter change recorded on-chain and independently verifiable.

Under the new structure, Aave Governance owns every contract, the risk manager only proposes, and every parameter and tuning decision is recorded onchain. This represents a meaningful shift in accountability compared to the prior setup, where risk managers held write authority over key oracle parameters with limited on-chain auditability.

LlamaGuard adjusts lending parameters autonomously to prevent cascading failures, continuously optimising system settings based on real-time risk assessments and market conditions. CRE also enables LlamaGuard to initiate automated management actions to contain risk, such as triggering circuit breakers or adjusting parameters on target DeFi protocols.

Certora audits will cover both the new contracts and the CRE workflow code. Two of the three new contracts, the LlamaguardRiskOracle and ParameterRegistry, were already audited by two security teams as part of an earlier LlamaGuard NAV deployment.

Sources:
The Defiant: Aave Proposes Protocol-Wide Risk Framework After KelpDAO Exploit
Aave Governance: ARFC Upgrade PT Risk Oracle to Protocol-Owned Infrastructure on CRE
LlamaRisk: LlamaGuard Overview

Coinbase is pulling the plug on DAI deposits and withdrawals across three major Layer 2 and alternative networks. Starting August 17, 2026, users will no longer be able to move DAI through Avalanche, Arbitrum, or Optimism on the platform.

The stablecoin will still be supported on Ethereum’s mainnet. But for anyone who’s been routing DAI through those faster, cheaper networks, it’s time to rethink the workflow.

What’s actually changing Coinbase first flagged the change back around July 13, 2026, and dropped a reminder on August 12 as the deadline approaches. The mechanics are straightforward: after August 17, any attempt to deposit or withdraw DAI via Avalanche, Arbitrum, or Optimism through Coinbase will simply stop working.

One important wrinkle: DAI isn’t actually listed for trading on Coinbase. The exchange only supports deposits and withdrawals of the token on certain networks. So this isn’t about delisting a trading pair. It’s about narrowing the infrastructure pipes through which DAI can flow in and out of the platform.

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Users holding DAI on those networks will need to either bridge their tokens to Ethereum before the cutoff or find alternative routes. Ethereum remains the one supported highway for moving DAI through Coinbase after the deadline.

And DAI isn’t alone in getting trimmed. Coinbase is also ending support for USDC on the Noble network and cbETH on various Layer 2 networks on the same August 17 date.

Why Coinbase is consolidating DAI, issued by MakerDAO, was designed to be a decentralized stablecoin usable across multiple blockchains. It’s pegged to the US dollar and backed by crypto collateral rather than bank deposits. The token has historically seen the lion’s share of its activity on Ethereum, which makes the decision to keep that network supported while pruning others a logical one from a volume perspective.

Arbitrum, Optimism, and Avalanche are all networks that offer faster and cheaper transactions than Ethereum’s mainnet. They’ve grown substantially as scaling solutions for DeFi users looking to avoid Ethereum’s sometimes painful gas fees. But for a centralized exchange like Coinbase, the question isn’t whether those networks are useful in general. It’s whether enough DAI is moving through them on Coinbase specifically to warrant continued support.

What this means for DAI users The immediate practical impact falls on a specific subset of users: those who deposit or withdraw DAI through Coinbase using Avalanche, Arbitrum, or Optimism. If that describes your setup, you have until August 17 to adjust.

The simplest path is bridging DAI to Ethereum before the deadline. Alternatively, users could withdraw DAI to a self-custody wallet on any of the affected networks and manage it outside of Coinbase entirely.

The bigger signal here is strategic. Coinbase has been methodically trimming its network support across multiple tokens, and the August 17 batch of changes covering DAI, USDC on Noble, and cbETH on Layer 2s suggests this is an ongoing program rather than a one-time adjustment.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Folks Finance adds DIA price feeds for MON, SEI and SYRUP on xChain, extending lending markets to assets outside standard price oracle coverage.

Lending protocols are consolidating around unified liquidity. Rather than deploying a separate market on every chain and watching capital fragment across them, the current generation routes everything back to a single hub holding the pool and the risk parameters, with the other chains acting as entry points. Folks Finance is among the clearest expressions of that design, with Avalanche as its hub chain and users depositing from Ethereum, Base, Arbitrum, Monad and elsewhere into shared liquidity.

The model solves capital fragmentation and relocates the growth constraint. A unified hub can lend against anything it can price, and only against what it can price.

Folks Finance now prices MON, SEI and SYRUP on Avalanche using DIA price feeds.

Our multi-provider oracle setup allows us to source pricing on a per-asset basis, choosing the most suitable provider for each market. Integrating DIA further strengthens the flexibility and resilience of the oracle infrastructure supporting Folks Finance's lending markets.

Benedetto Biondi

Founder & CEO, Folks Finance

The price oracle conversation in DeFi is usually framed around accuracy and manipulation resistance. That framing fits blue-chip collateral, where the problem is also close to solved. The harder commercial problem for a lending protocol in 2026 is coverage. The assets that carry borrowing demand are increasingly newer network tokens and protocol tokens whose liquidity sits thinly across their home chain and a handful of centralised venues.

Those are the assets where a listing decision becomes a price oracle decision. They fall outside the standard coverage set. They need venue-level sourcing rather than an aggregated snapshot, and a protocol that cannot get them priced does not list them. Protocols that can price them list first and take the deposits.

MON, SEI and SYRUP sit in that category. None of them trade where Folks needs the number, and SYRUP in particular is the kind of asset a lending market wants and a default catalogue deprioritises: a token from an established onchain credit franchise, liquid enough to lend against, small enough to be overlooked.

DIA sources price data first-hand. Independent feeder nodes pull trade data directly from the exchanges where each asset actually trades, rather than reading it from a third-party aggregator. That data is aggregated onchain with outlier filtering and staleness checks before delivery to the destination chain.

For assets outside the standard coverage set, first-hand sourcing is what makes the feed possible at all. A venue can be added when liquidity moves. Coverage extends to assets no aggregator has decided to track yet. DIA supports more than 3,000 crypto price feeds across 60+ chains and adds new assets on request, which is what a protocol needs when its listing pipeline moves faster than any provider’s default catalogue.

The feeds are delivered through a universal price oracle interface, so a protocol adds a provider without changing how it reads a price.

Multi-provider setups are becoming the default in serious lending markets, for commercial reasons as much as technical ones. A protocol tied to a single provider inherits that provider’s coverage decisions and its roadmap. A protocol that sources per asset lists on its own schedule.

Folks Finance already reads from multiple providers, and the three feeds now living on its hub are what that looks like in practice. The markets opened because a provider could price the assets. DIA and Folks are in contact on further assets as new markets open.

Ondo Targets a 20-Year-Old Market Rule@OndoFinance has written to the U.S. Securities and Exchange Commission this week, formally requesting the repeal of Rule 611 of Regulation NMS, the regulation commonly known as the Trade-Through Rule. The protocol argues the rule, which has been in place since 2005, is no longer fit for purpose and specifically prevents tokenized and non-tokenized stocks from interacting directly within a single, unified market structure.

At its core, Rule 611, often referred to as the order protection rule or trade-through rule, was adopted in 2005 as the centerpiece of Regulation NMS. It generally requires trading centers to establish, maintain, and enforce policies and procedures reasonably designed to prevent executions at prices inferior to protected quotations displayed by other trading centers. Ondo contends that this framework creates an uneven playing field that makes request-for-quote (RFQ) pricing for tokenized equities unworkable.

Ondo's Broader Push Into Regulated Tokenized EquitiesThe letter to the SEC is part of a wider regulatory campaign by Ondo. Earlier in 2026, Ondo launched over 200 tokenized U.S. stocks and ETFs on Solana, providing blockchain-based exposure through Jupiter's RFQ system with just-in-time minting during regular trading hours. The firm has also been building out its regulated infrastructure: Ondo Finance's SEC-registered broker-dealer subsidiary, Oasis Pro Markets, has secured regulatory authorization to offer tokenized equities and funds to U.S. investors under SEC and FINRA oversight.

Ondo's call for reform lands at a receptive moment in Washington. On June 11, 2026, the SEC proposed rescinding Rule 611 and Rule 610(e), which have been central components of Regulation NMS since 2005. The proposal is grounded in the SEC's assessment that changes in market structure, including increased exchange competition, technological developments, and evolving trading practices, warrant reconsideration of the current regulatory framework. The SEC's proposal would represent one of the most significant changes to U.S. equity market structure since the adoption of Regulation NMS.

For Ondo, the stakes are clear. The firm's proposal requests the creation of equal execution conditions that would allow RFQ pricing to function for tokenized stocks alongside their traditional counterparts. While regulatory approvals are broadening access to tokenized securities, the expansion also highlights challenges associated with integrating traditional financial assets with blockchain infrastructure, including risks such as smart contract vulnerabilities, liquidity constraints, and evolving regulatory requirements.

Sources:
WilmerHale: The SEC Takes Aim at the Trade-Through Rule
SEC Fact Sheet: Regulation NMS Reforms
Crypto Times: Ondo's Oasis Pro Gets SEC, FINRA Nod for Tokenized Stocks

Hyperliquid just gave its native token standard a feature that traditional finance has had for decades but crypto has largely lacked: the ability to cleanly split, redenominate, and proportionally adjust token balances without breaking everything in the process.

The upgrade introduces a deployer-controlled scaleWei function to the HIP-1 token standard, allowing atomic proportional balance transfers across all holders of a given token. Think of it as the on-chain equivalent of a stock split, except it also handles airdrops, dividends, repricing, and reverse splits, all executed in a single atomic operation on Hyperliquid’s Layer-1 blockchain.

What scaleWei actually does The scaleWei function sidesteps the traditional migration mess entirely. When a deployer triggers it, every balance of the referenced HIP-1 token gets scaled proportionally in a single atomic transaction. No migration contracts, no user action required, no liquidity fragmentation.

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Critically, open orders on Hyperliquid’s exchange are also automatically adjusted when the scaling action references the same token. That means a limit order sitting on the book doesn’t suddenly become nonsensical after a 2-for-1 split. The order’s size and price parameters get recalibrated to reflect the new denomination.

Who controls the lever Access to the scaleWei function is restricted to two categories: system addresses and signed vaults. In practical terms, this means only the original deployer of a HIP-1 token, or an authorized vault structure, can trigger a balance scaling event.

The function builds on HIP-1’s existing parameter set, which already includes weiDecimals, szDecimals, maxSupply, and genesis distribution mechanics. HIP-1 itself remains a capped-supply fungible token standard native to Hyperliquid’s L1, meaning these tokens aren’t ERC-20s living on Ethereum. They’re first-class citizens of Hyperliquid’s own chain, with the exchange’s order book integrated at the protocol level.

The RWA play becomes more obvious Recent equity-related spot listings on the platform have already signaled the direction of Hyperliquid’s positioning toward tokenized real-world assets. With scaleWei, a deployer managing a tokenized equity on Hyperliquid can now execute a proportional distribution, like a dividend paid in the same token, by simply scaling all balances upward. A reverse split works the same way in the opposite direction. The atomic nature of the operation means there’s no window where some holders have been adjusted and others haven’t.

Where this fits in the broader upgrade timeline The scaleWei addition is part of a broader sequence of protocol enhancements. The platform’s upgrade path has included HIP-1 through HIP-4, each addressing different aspects of the protocol’s functionality. HIP-1 established the foundational capped-supply fungible token standard, while subsequent proposals have layered on additional features including liquidity bootstrapping, permissionless perpetual market creation, and prediction markets.

The initial market response has been muted, with no significant price movement on the back of the announcement.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Bitcoin (CRYPTO: BTC) miners are increasingly looking beyond crypto mining toward AI infrastructure, as access to massive amounts of power becomes potentially more valuable than the BTC mining machines plugged into it.

Are Mining Economics Less Attractive?In a podcast on Aug. 12, prominent crypto investor and "Wolf of All Streets" host Scott Melker argued on what may have been miners’ most valuable resource all along.

His commentary comes after Riot Platforms (NASDAQ:RIOT) reportedly signed a $9.1 billion, 20-year data center agreement with Anthropic. The agreement could rise to $16.1 billion if extension options are exercised.

The deal represents one of the clearest examples yet of Bitcoin miners repurposing their power-rich infrastructure for the booming AI computing market.

Melker said miners’ biggest asset may not be mining equipment but access to electricity and infrastructure capable of supporting energy-intensive computing.

Riot’s own numbers help explain the attraction. The company reported an average cost to mine Bitcoin of $49,912 during Q2, excluding depreciation, up from $48,992 a year earlier. Riot produced 1,587 BTC during the quarter.

Melker noted that once depreciation and other expenses are considered, the economics of mining become substantially less attractive, particularly with Bitcoin trading well below its October 2025 all-time high.

Other BTC miners have also been exploring AI and high-performance computing opportunities, turning what was once primarily a Bitcoin-mining infrastructure story into a broader race to monetize scarce power capacity.

What Does It Mean For Bitcoin?Melker argued the shift could create an unexpected positive for Bitcoin despite reducing the incentive for large U.S. miners to dedicate their infrastructure exclusively to BTC.

If major publicly traded mining companies redirect capacity toward AI, Bitcoin’s hash rate could become distributed across a broader set of operators.

That could potentially reduce concerns about mining concentration among a relatively small number of large corporate players, though lower mining participation would not automatically guarantee greater decentralization.

For investors, however, Riot’s deal illustrates a more immediate change. The valuation case for some Bitcoin miners is increasingly becoming an AI infrastructure thesis rather than simply a leveraged bet on Bitcoin.

Riot still generated most of its latest quarterly revenue from Bitcoin mining, but the Anthropic agreement represents its largest step yet toward becoming a high-performance computing and data center operator.

The transition suggests the next major competition among Bitcoin miners may not simply be over who can mine BTC most efficiently.

It may be over who controls the electricity, land and grid connections needed to power the AI boom.

Image: Shutterstock

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3 hrs ago

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The Department of Labor Statistics is due to release July inflation data. (Department of Labor)Summary

This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.

Wednesday’s big story is XRP (XRP), the payments-focused cryptocurrency. Not only did a bridge linking to the XRP Ledger experience an exploit early today, but the token price also hovers near a level that, if breached, could embolden bears.

That level is $1. Prices briefly fell to 99 cents on some exchanges on Tuesday and, while they quickly recovered, the bounce looked to have stalled near $1.02. XRP has lagged behind bitcoin and the broader market recovery in recent days.

What’s more, open interest in XRP futures has risen to 2.67 billion XRP ($2.73 billion), the most since October, from 2.25 billion XRP at the start of the month. This buildup of leverage while XRP trades at this price points to potential volatility.

That means XRP is more vulnerable than other major cryptocurrencies such as bitcoin BTC$63,704.66, ether ETH$1,893.43 and solana (SOL) to the U.S. CPI release later today. A hotter-than-forecast reading would strengthen bets on Fed interest-rate increases and drive already-buoyant Treasury yields higher, creating headwinds for risk assets.

Forecasts point to 0.1% month-on-month growth in the headline CPI for July, up from June’s –0.4% reading. The year-on-year figure is expected at 3.4%, down from 3.5%, and annual core CPI inflation is seen dropping to 2.5% from 2.6%.

According to ING, a softer-than-expected print could weaken the dollar, an outcome that could bode well for the crypto market.

In bitcoin’s case, traders are hoping the report will push the price out of its recent trading range of $62,000 to $66,000. However, the way BTC options are currently priced suggests low expectations for CPI-driven fireworks.

Markus Thielen, founder of 10x Research, said the market is pricing a post-CPI swing of just 1.3%, which is nothing out of the ordinary.

Data tracking website Laevitas made a similar observation: “7d ATM IV [implied volatility] has compressed to 29.1v on BTC and 41.2v on ETH even as a binary July print lands inside the weekly window, so the term structure is declining to price the event risk that sits directly on the tape,” Laevitas said on X.

The fact that expectations remain low could be just the setup for markets to be surprised into action by a potential big beat or miss in the inflation figures. Stay alert!

Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."

What’s trendingOne overlooked group has added $1.78 billion of selling pressure to bitcoin market (CoinDesk): Bitcoin’s 27% price slide this year isn’t just about ETFs and digital asset treasuries. Public miners have been an under-recognized supply source hitting the market right at the margin.XRP bridge drained for $200,000 after software mistook fake deposits for real ones (CoinDesk): An XRP bridge lost nearly 200,000 XRP, worth about $200,000 at current prices, after a software flaw let an attacker claim deposits that were never made, then withdraw real tokens against the fake balances.Here's what bitcoin and ether traders are doing ahead of the binary U.S. CPI print (CoinDesk): If the July U.S. consumer price index is higher than expected, the Federal Reserve could go for a rate hike in September. Traders are positioning in different ways ahead of the data release. Some are buying upside exposure. Others are focusing on higher volatility.Today’s signalXRP's price chart. (TradingView)The chart shows XRP’s weekly price swings in candlestick format since 2023.

The token’s price peaked above $3.50 in July last year and has been declining ever since. It is now hovering close to $1. A drop under this level would be the first since November 2024, when Donald Trump won the presidential election.

In that case, the July 2023 high of 92 cents, where buyers ran out of steam, could now act as support on the way lower. If that level gives way, the next potential support is seen directly at around 50 cents.

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Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Jun 30, 2026

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Why it matters:

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Ethereum traded at $1,887 early Monday, holding above a critical support area despite a cautious overall market tone. The 24-hour trading volume reached $8.05 billion, and the network’s market capitalization now stands at $227.73 billion.

Key support zone holds steadyTechnical analysts noted that ETH has maintained stability within a major buying zone, with $1,720 to $1,780 acting as a floor for recent price swings. Over the last day, the price movement remained relatively muted, though attention focused on potential breakouts and accumulation patterns.

Crypto analyst Nehal stated that ETH’s structure remains bullish as long as it holds this key support zone. A decisive move above $1,875 resistance could open the door for a rally toward $2,200, especially if trading volume accelerates in tandem.

ETH is holding the $1,720–$1,780 buying zone. If support holds and price breaks above $1,875, the path could lead to $2,200 or more.

If the price falls below the support band, traders warn that bearish momentum could build and recovery prospects would weaken for the short term.

Given that a single Federal Reserve decision or a rapid-fire altcoin listing can quickly shift crypto sentiment, market participants are emphasizing streamlined monitoring. Some traders have shifted to privacy-centric tools like CryptoAppsy, which allow real-time charting, smart alerts, curated news, and macro data from a single dashboard without requiring an account. This consolidation aims to ensure traders act swiftly on critical market changes and avoid delays that can prove costly.

Whale accumulates $170 million in ETHOn-chain data provider Lookonchain reported that a wallet tagged as “0x2d59” acquired another 50,000 ETH, valued at $93.6 million, and promptly staked those coins. This purchase comes just a week after the same wallet acquired 40,000 ETH worth $76.66 million, bringing its recent ETH accumulation total to $170 million.

Lookonchain highlighted that whale 0x2d59, who bought 40,000 ETH for $76.66 million recently, added 50,000 more ETH, staking the entire amount.

By sending the tokens to staking, the whale is signaling little interest in selling in the short term. Some traders view this as a show of strong confidence in Ethereum’s long-term technical outlook, even as Bitcoin trends downward and puts pressure on major altcoins.

Staking activity at record highsEthereum staking has set a new milestone, with 41.9 million ETH now locked, up from 36 million at the beginning of 2026. However, recent staking inflows have slowed, with the last week seeing about 28,700 new ETH compared to earlier surges that topped 200,000. Approximately one-third of all ETH is currently staked on the network.

Developers are now considering EIP-8363, the Tapered Issuance Burn proposal, which would gradually reduce staking rewards as the staked ratio increases. If adopted, annual ETH issuance would decline to 0.8% near present staking rates and approach zero should staking reach 50% of circulating supply.

Meanwhile, BitMine, the publicly listed company with the largest ETH balance, holds 5.81 million coins, staking 87% of its holdings. At current reward levels, BitMine’s annual income from staking approaches $257 million, but the company could see future revenues fall if EIP-8363 is implemented. BitMine has not announced any plans to sell its staked ETH.

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 is generating more transactions than ever while earning less from each one. Average gas prices have cratered to around 0.5 gwei in early 2026, with some periods dipping as low as 0.15 gwei. For context, a gwei is a billionth of one ETH, meaning the cost of transacting on the world’s largest smart-contract platform has effectively become a rounding error.

The paradox of cheap success Ethereum’s scaling roadmap is working exactly as designed. The Dencun upgrade, which rolled out in 2024, dramatically reduced the cost of posting data from Layer 2 networks back to mainnet. The upcoming Fusaka upgrade, expected later this year, promises to push that efficiency even further.

Over a recent 30-day stretch, Ethereum pulled in roughly $10.3 million in transaction fees. That figure puts it behind both Tron and Solana. Ethereum’s blocks are filling to only about 62% capacity on average, which means the network isn’t even close to the congestion levels that historically drove fees higher.

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The practical consequence: less ETH gets burned. When burn rates fall below new issuance, supply expands rather than contracts.

Stablecoins are heading for the exits USDT recorded more than $7 billion in net outflows on Ethereum during Q1 2026. In April 2026, stablecoin transfer volume on the network plunged 42.6% in a single week, even as raw transaction counts surged 41% over the same period.

Ethereum still hosts around $162 billion in stablecoins as of March 2026, roughly 52% of the global supply. But dominance measured in stock doesn’t tell the whole story when the flow is negative.

Historical patterns point to consolidation CryptoQuant analysts have flagged that the combination of low network activity and stablecoin outflows has historically preceded periods of price stabilization rather than sharp moves in either direction.

The deeper structural question is whether Ethereum’s Layer 2 strategy is creating a value-leak problem. Layer 2 networks like Arbitrum, Optimism, and Base process millions of transactions daily at negligible cost, but the economic value that once flowed to ETH holders through burns and validator tips increasingly stays within the L2 ecosystem instead.

Some industry voices have emphasized the urgent need for improved mainnet throughput to recapture higher-value settlement activity. The logic: if Ethereum’s base layer can handle more complex, high-value transactions natively, it doesn’t need to rely on Layer 2 networks for scale, and it can retain more of the fee revenue.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Binance, one of the world’s leading cryptocurrency exchanges, announced it will remove and halt trading on seven spot trading pairs in mid-August. The affected pairs are APT/BTC, AR/BTC, A/USDC, BTTC/TRY, CYBER/USDC, LPT/BTC, and WAL/FDUSD. This action follows a routine evaluation of listed pairs, aiming to protect users and maintain a robust trading environment.

Details on Spot Pair DelistingsTrading for the above-mentioned pairs will conclude on August 14 at 03:00 (UTC). Binance conducts periodic reviews, typically delisting trading pairs with reduced liquidity or low trading volumes to ensure the integrity and quality of its marketplace. The company emphasized that the removal affects only specific pairings and does not delist the tokens themselves from Binance or impact trading on other available pairs for those assets.

Spot Trading Bot services for these pairs will also end at the same time. Binance advised users operating such bots to update or cancel them to prevent unexpected losses after the delisting becomes effective.

Binance announced that users can still trade the underlying base and quote assets through other supported pairs on the platform.

Binance regularly evaluates the trading activity and liquidity of all pairs, seeking to delist those that do not meet its listing standards. This practice is intended to protect users from untimely market moves and to maintain efficient, liquid markets.

Six Tokens Set for Complete DelistingIn addition to the spot trading pair removals, Binance plans to fully delist six crypto tokens from all spot trading pairs following its most recent review cycle. The tokens include Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC). Spot trading for these tokens will cease on August 17 at 03:00 (UTC).

After August 18 at 03:00 (UTC), deposits for these tokens will no longer be credited to user accounts. Binance will also remove support for withdrawals of these tokens after October 17 at 03:00 (UTC), offering users a two-month window to retrieve their assets.

As part of its ongoing risk management initiatives, Binance recently expanded its Monitoring Tag to include GLMR, ICX, MOVR, RARE, and SOPH. This label indicates assets that are subject to more frequent review due to heightened risk factors or lower trading activity.

Mini dictionary: Monitoring Tag, a label that flags assets on Binance requiring closer observation due to increased volatility, low liquidity, or regulatory concerns. Tokens under this tag are reviewed more often and may face delisting if conditions do not improve.

CategoryDate/Time (UTC)ActionAssets AffectedSpot Pair DelistingAugust 14, 03:00Trading haltedAPT/BTC, AR/BTC, A/USDC, BTTC/TRY, CYBER/USDC, LPT/BTC, WAL/FDUSDToken DelistingAugust 17, 03:00All spot trading pairs removedACX, HFT, PIVX, PYR, VANRY, VICDeposit Support EndsAugust 18, 03:00Deposits not creditedACX, HFT, PIVX, PYR, VANRY, VICWithdrawal Support EndsOctober 17, 03:00Withdrawals disabledACX, HFT, PIVX, PYR, VANRY, VICBinance further reported that it will perform planned wallet maintenance for the TRON network (TRX) on August 13, beginning at 06:00 (UTC). To support this process, both deposits and withdrawals over the TRON network will be paused starting at 05:55 (UTC) and will resume once the maintenance concludes, which is expected to take about an hour.

After wallet maintenance, services for tokens on the TRON chain will become available again as soon as the network is confirmed stable. Binance does not plan to make a further official notice before resuming these services.

TRON is a blockchain-based decentralized platform developed to host decentralized applications and digital content sharing systems, with its native token TRX used for transactions and resource allocation within the network.

Binance recommended that users plan their transactions accordingly to avoid disruptions during the window of limited access.

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.

A Wallet Built Into Barça MobileFC Barcelona's Barça Mobile is adding a digital wallet to its app, backed by a trio of blockchain and fintech partners: the Stellar Development Foundation, Wirex, and Crossmint. The move is being led by New Era Visionary Group, the official telecom operator and partner of FC Barcelona.

These collaborations will support the development of a digital wallet integrated directly into the Barça Mobile app, designed to complement its core mobile services with payments, rewards, and future digital utility for subscribers around the world. Rather than a standalone product, the wallet will form part of the broader Barça Mobile app experience.

It is intended to help subscribers manage digital services in one place, starting with connectivity and extending to payments, loyalty benefits, travel, and future cross-border digital services.

How the Partners Divide the WorkEach partner brings a distinct role to the infrastructure. The Stellar network will serve as the blockchain layer for the wallet, supporting fast and cost-efficient digital transactions and cross-border value transfers. Through its open and globally focused ecosystem, the Stellar network brings the infrastructure needed to support efficient value movement at international scale.

Wirex will provide payments and card infrastructure, giving Barça Mobile subscribers practical, everyday spending functionality. Crossmint, meanwhile, handles wallet technology and user onboarding, simplifying access for fans who may have little prior experience with digital wallets.

New Era Visionary Group is working with all three partners to ensure the digital wallet infrastructure is scalable, secure, and ready for a global fanbase. The partnership reflects a broader trend of major sports clubs embedding financial and blockchain services directly into their fan-facing platforms, rather than launching separate standalone products.

No launch date for the wallet feature has been announced publicly at the time of writing.

Sources:
Wirex: Official announcement on Barça Mobile partnership

Chainlink has seen its highest large-holder activity in five months, as whale transactions and the concentration of LINK among major holders both surge significantly. Data from Santiment shows a renewed wave of accumulation by large wallets, reflecting a broader trend rather than a single episode of heightened on-chain movement.

Whale transactions surge alongside rising accumulationOn a recent day, Chainlink registered 246 transactions, each valued at $100,000 or more. This marks a consistent upward trend in high-value LINK transactions since March, reversing low whale activity that had prevailed in the earlier weeks of the year.

Santiment’s analysis highlights that large transfers consist of a variety of internal and external movements, including exchange deposits, withdrawals, wallet shifts, and redistribution between addresses. However, analysts pointed to the increase in supply held by large wallets as a more compelling indicator of investor sentiment than isolated transaction spikes.

Currently, wallets with holdings between 100,000 and 10 million LINK control approximately 466.31 million tokens, equivalent to 46.57% of the total LINK supply. Over recent weeks, this cohort has consistently raised its positions, with a notable jump coinciding with the latest rise in transaction volume.

Wallets holding between 100,000 and 10 million LINK now control 46.57% of the token’s entire supply, marking steady growth in their balances that aligns with the latest surge in whale transaction activity.

Whale behavior as an on-chain sentiment indicatorThe combined increase in whale transactions and the concentration of LINK among top holders is considered by analysts as a key on-chain sentiment measure. Historically, movements in this cohort’s holdings have closely mirrored overall LINK market trends.

A growing concentration of supply among large holders points to strategic accumulation rather than broad-based reduction. Analysts consider this accumulation to reflect a fundamentally robust backdrop for Chainlink, especially as it expands its ecosystem.

Chainlink expands institutional and cross-chain infrastructureChainlink’s adoption continues to grow beyond its established oracle services. The protocol’s Cross-Chain Interoperability Protocol (CCIP) aims to build bridges between different blockchains, enabling seamless asset and data flows.

In addition to CCIP, Chainlink has become increasingly active in tokenized real-world assets, stablecoin infrastructure, institutional-grade data delivery, and advanced cross-chain services. These efforts position LINK in sectors that are drawing growing institutional interest.

For investors closely monitoring technical shifts, especially during periods of structural on-chain accumulation or breakout patterns, efficient access to real-time analytics is crucial. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.

Despite the surge in whale transfers, crypto analysts caution that a rapid LINK rally is not guaranteed simply by high transaction volumes. The raw metric only tracks abnormally high activity, without revealing the direction—whether buying or selling—of each transfer.

Still, the combination of a five-month high in whale movement and sustained accumulation by leading holders stands out as a notable shift in market structure for Chainlink. If the percentage of LINK controlled by these major wallets continues to rise, the latest bout of on-chain activity could prove more meaningful than a short-term spike.

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.

Roughly 28.83% of staked SOL dropped offline on Solana following a routing failure, bringing the network uncomfortably close to the 33.34% mark where transaction finality grinds to a halt. That’s a margin of about 4.5 percentage points between normal operations and a network that can no longer confirm transactions are permanent.

How close was too close Solana’s consensus mechanism, Tower Byzantine Fault Tolerance (BFT), requires roughly two-thirds of all staked SOL, about 66.67%, to actively participate in order to finalize transactions. Flip that around, and it means if more than 33.34% of stake goes dark, the network loses the supermajority it needs. Blocks might still be produced, but nothing gets stamped as irreversible.

At 28.83% offline, Solana was roughly 4.5 percentage points from that cliff. In practical terms, just a few additional large validators going delinquent could have tipped the balance.

Validators that go offline on Solana don’t face slashing penalties, the punitive mechanism some other proof-of-stake chains use to discourage downtime. Instead, they simply stop earning rewards.

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Solana’s uptime streak and its limits Before this incident, Solana had been on an impressive run. The network’s last recorded full outage dates back to February 2024, and the official status page had shown all systems operational for over 30 months straight.

A network can keep producing blocks while still being unable to finalize them if enough stake goes delinquent. The 30-month streak refers to full network halts, where block production itself stops. The routing failure exposed a scenario where the chain could remain technically “up” while losing its ability to confirm that transactions are permanent.

Reports from 2026 have shown up to 32 validator delinquencies within a 30-day window on Solana. Most of these stem from mundane causes: hardware failures, misconfigured software, or connectivity problems. What made this incident different was the scale. Having nearly 29% of stake affected simultaneously points to a systemic issue rather than scattered individual failures.

The Alpenglow factor Solana has been working on a major protocol upgrade called Alpenglow, which aims to compress transaction finality down to approximately 100-150 milliseconds.

One notable design philosophy behind Alpenglow is that it prioritizes safety over liveness. The upgrade is built so the network would rather pause block production entirely than risk confirming transactions that might later prove inconsistent.

Alpenglow also introduces a fault-tolerance model that distinguishes between validators that are actively malicious and those that are simply offline due to passive failures like the routing issue that caused this incident.

What this means for Solana’s competitive position The lack of slashing penalties is likely to draw renewed debate. Proponents argue it keeps the validator set accessible and avoids punishing operators for honest mistakes. Critics counter that without meaningful financial consequences for downtime, there’s insufficient incentive for validators to invest in the kind of redundancy that prevents large-scale simultaneous failures.

For SOL holders who stake their tokens, validators that were offline missed out on staking rewards during the downtime, which flows through to their delegators as reduced returns.

Solana’s consensus model is designed to tolerate up to a third of stake going offline, and this incident tested that boundary more aggressively than anything since the February 2024 outage.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Liquid GRAM Staking Is Now Live on SafePal SafePal has integrated Tonstakers, the largest liquid staking protocol on The Open Network, bringing GRAM liquid staking to the SafePal Earn section. You can now stake GRAM and earn up to 15% APY directly inside the SafePal mobile app and the SafePal S1 and X1 hardware wallet line.

The word that matters is liquid. Your GRAM secures the network and earns rewards, while your position stays represented by a token you continue to hold in your wallet. There is no lock-up period, and withdrawals can complete in minutes.

To get started, download or update the SafePal mobile app to V4.11.7 and open the Earn section.

Estimated APYUp to 15% APY, floating and auto-compounding every 18 hours and reflected in the value of tsTONCompoundingAutomatic on every 18 hour timeframe Minimum stake1 GRAMLock-up periodNoneWithdrawalMinutes via instant withdrawal (dependent on available liquidity)Available onSafePal mobile app (iOS & Android), SafePal S1, SafePal X1CustodyNon-custodial. Your keys never leave your device What Is GRAM? GRAM is the native cryptocurrency of The Open Network (TON), a layer-1 proof-of-stake blockchain built for speed, low fees, and mainstream reach through its integration with Telegram. GRAM pays for transactions, secures the network through staking, and carries governance rights.

Holding Toncoin? You already hold GRAM. On 15 June 2026 a community vote passed with 81.22% support to rename Toncoin to Gram and change the ticker from TON to GRAM. Only the name, ticker and logo changed. Your balance, wallet address and any existing staking position carried over untouched, and the blockchain is still called The Open Network.

Because TON is proof-of-stake, the network depends on validators locking up GRAM as collateral to process transactions. Those validators share their rewards with the holders who back them, which is what makes staking possible and what this integration gives you access to.

What Is Liquid Staking, and What Is tsTON? With native staking, your tokens are committed directly to the network for the duration of the staking term. That is a straightforward arrangement, and for holders with a long time horizon it works well. The trade-off is that the position stays committed until the network's unbonding period completes.

Liquid staking takes a different approach. When you stake GRAM through Tonstakers, the protocol issues you tsTON, a liquid staking token representing your share of the staking pool. Your GRAM goes to work securing The Open Network, and tsTON sits in your wallet as a claim on that position plus everything it earns.

What tsTON isA token representing your staked GRAM positionHow rewards accrueAutomatically, reflected in the value of your tsTONIs it transferable?Yes. tsTON is a standard token and remains yoursRedeeming ittsTON is redeemed for your original GRAM plus accrued rewardsDo you need to claim?No. Compounding is automatic every 18 hours. In simple terms, tsTON is a receipt that grows. You hand over GRAM, you receive tsTON, and the amount of GRAM that tsTON can be redeemed for increases as staking rewards accumulate. When you exit, you redeem your tsTON for GRAM, receiving back your original stake plus the rewards it has accrued.

GRAM Staking APY and Automatic Compounding SafePal GRAM staking currently offers an estimated 15% APY. This is a floating rate. GRAM staking yields move with the proportion of GRAM staked network-wide, validator performance, and transaction volume on The Open Network. It is not fixed or guaranteed.

How Compounding Works With the SafePal x Tonstakers integration in SafePal Earn, GRAM liquid staking compounds staking rewards continuously, every 18 hours. They accrue into your position as they are earned, so your balance is always working on itself.

You do not need to do anything for this. There is no claim button, no manual re-staking, no scheduled maintenance of your position. The APY figure quoted already reflects compounding, which is what distinguishes APY from a simple annual rate.

Estimated APY~15% APYRate typeFloating, varies with network conditionsCompoundingAutomatic and continuous every 18 hoursReward accrualContinuous every 18 hoursManual claimingNot requiredMinimum stake1 GRAMMaximum stakeNo cap Where GRAM Staking Rewards Come From GRAM staking rewards are generated by The Open Network itself, from two sources.

Network Emissions The Open Network issues new GRAM as a block reward to validators who process transactions during each validation cycle. Validators pass a share to the holders staking with them. This is the larger and steadier of the two components, and how proof-of-stake networks compensate validators for securing the chain

Transaction Fees Every transaction on TON pays a fee in GRAM, and a portion flows to validators and their stakers. This component scales with network usage, so the busier the network, the more fee revenue there is to share. The Catchain 2.0 upgrade in April 2026 cut fees roughly sixfold while raising throughput about tenfold, a deliberate trade favouring total activity over per-transaction revenue.

How to Stake GRAM on the SafePal Mobile App Staking takes under two minutes on iOS or Android.

Update the SafePal app. Update the SafePal App to V4.11.7 and above and access GRAM staking in the Earn section. Open the Earn section. Go to the wallet tab at the bottom, then the Earn tab at the top, and select GRAM staking. Enter your amount. There is a minimum stake of 1 GRAM, and you can stake any amount higher than that. Keep a small GRAM balance spare in your wallet to cover network fees. Confirm the transaction. It is signed locally on your device. A small TON network fee applies, paid in GRAM. Watch it compound. Rewards accrue automatically every 18 hours. No claiming required. Users can also refer to the written tutorial here for a step by step guide. How to Stake GRAM with the SafePal S1 and X1 Hardware Wallet GRAM staking is fully supported on the SafePal S1 and X1, making SafePal one of the few ways to run a liquid staking position from cold storage without a centralised platform or browser extension. The hardware wallet works alongside the mobile app: transactions are built in the app, then signed on the device itself.

Connect your hardware wallet. Ensure your S1 or X1 is paired and detected, and that both app and device firmware are current. Open the Earn section and select GRAM staking. Choose the GRAM staking product from your hardware wallet account. Enter your amount. There is a minimum stake of 1 GRAM, and you can stake any amount higher than that. Keep a small GRAM balance spare in your wallet to cover network fees. Review in the app, confirm on the device. The app displays the transaction for review. Your S1 or X1 prompts for physical confirmation, so press confirm on the device to sign. The transaction broadcasts. Your device signs inside its secure element and broadcasts to The Open Network. Rewards begin accruing and compound automatically every 18 hours. Hardware wallet security: Every staking and withdrawal transaction requires physical approval on the S1 or X1. Private keys remain offline in the secure element chipset and never touch your phone or the internet. No action can execute remotely, even if your connected phone is fully compromised. For anyone staking a meaningful GRAM position, this is the recommended setup.

Users can also refer to the written tutorial here for a step by step guide.

Non-Custodial GRAM Staking: SafePal vs Exchange Staking Most GRAM staking happens on centralised exchanges, which means the exchange holds the keys. Your stake is then only as secure as the platform holding it, and platform failure, frozen withdrawals, or insolvency put staked assets at risk in ways the blockchain itself does not.

SafePal GRAM staking is non-custodial throughout. Keys are generated and stored on your own device, transactions are signed locally, and neither SafePal nor Tonstakers takes possession of your assets at any point.

SafePal x TonstakersExchange GRAM stakingYou control private keysYesNo, held by exchangeNon-custodialYesNoHardware wallet supportYes, S1 & X1 with physical confirmationNoPosition stays liquidYes, via tsTONTypically lockedAssets at risk if platform failsNoYesWithdrawal controlOn-chain, minutes to ~18hSubject to exchange policyWhere it sitsSafePal Earn, alongside TRX stakingExchange earn product Start Staking GRAM on SafePal Today GRAM liquid staking is live in the SafePal Earn section, on the SafePal mobile app and the SafePal S1 and X1 hardware wallet. Stake any amount, earn up to 15% APY with compounding every 18 hours, keep your position liquid through tsTON, and withdraw in minutes, all without giving up custody of your assets.

Download the SafePal App →

Explore the SafePal S1 and X1 Hardware Wallet →

SafePal continues to expand the Earn section with vetted staking partners across more chains and assets, so you can put your portfolio to work without leaving SafePal or compromising on self-custody.

FAQs Q1. What is liquid staking?
Liquid staking lets you earn staking rewards without locking your capital away. When you stake GRAM through Tonstakers you receive tsTON, a token representing your staked position. Your GRAM secures the network and earns rewards, while tsTON stays in your wallet and remains transferable and redeemable.

Q2. What is tsTON?
tsTON is the liquid staking token issued by Tonstakers. It represents your share of the staking pool and accrues rewards automatically, so the amount of GRAM it can be redeemed for grows over time. When you withdraw, tsTON is redeemed for your original GRAM plus accumulated rewards.

Q3. How do I stake GRAM on SafePal?
Open the SafePal mobile app, go to the wallet tab at the bottom, then the Earn tab at the top, and select GRAM staking. Enter your amount and confirm. Rewards begin accruing immediately and compound automatically every 18 hours.

Q4. What is the GRAM staking APY on SafePal?
SafePal GRAM staking currently offers approximately 15% APY. This is a floating rate that varies with the network-wide staking ratio, validator performance, and transaction volume on The Open Network. It is not fixed or guaranteed. The figure reflects automatic compounding.

Q5. How often do GRAM staking rewards compound?
Approximately every 18 hours, or around 487 times per year, matching the rhythm of The Open Network's validation cycles. Compounding is automatic every 18 hours, so there is no claim button and no manual re-staking.

Q6. How long does it take to unstake GRAM?
Instant withdrawal returns your GRAM within minutes, drawing on available pool liquidity. 

Q7. Can I add to my stake after the initial deposit?
Yes. Top up at any time by repeating the staking flow. Additional GRAM begins earning from the moment it is deposited and joins the same compounding schedule as your existing balance. There is no maximum position size.

Q8. Can I withdraw part of my position?
Yes. You are not required to exit your entire position at once. Withdraw the amount you need and the remainder stays staked and earning.

Q9. Where do GRAM staking rewards come from?
Two sources. Network emissions, where The Open Network issues new GRAM as block rewards to validators who share them with stakers, and transaction fees, where a portion of the fees paid on every TON transaction flows to validators and their stakers.

Q10. Can I stake GRAM with the SafePal S1 or X1 hardware wallet?
Yes. GRAM staking is fully supported on the SafePal S1 and X1. Transactions are initiated in the SafePal mobile app and confirmed physically on the device. Private keys never leave the hardware wallet's secure element, making this the recommended setup for larger positions.

Q11. Is SafePal GRAM staking safe?
SafePal GRAM staking is fully non-custodial. Your private keys never leave your device, and neither SafePal nor Tonstakers takes possession of your assets. On the mobile app transactions are signed locally, and on the S1 and X1 every transaction requires physical confirmation on the device. 

Tonstakers is CertiK-audited and operates an active bug bounty. That said, staking on any proof-of-stake network carries protocol-level risks including validator slashing, and APY is variable.

Q12. What is the minimum amount of GRAM I can stake?
The minimum is 1 GRAM. There is no maximum. Keep roughly 1 GRAM spare in your wallet to cover network transaction fees.

Q13. Is GRAM the same as Toncoin?
Yes. GRAM is the token formerly known as Toncoin. On 15 June 2026 a community vote passed with 81.22% support to rename the token and change the ticker from TON to GRAM. Only the name, ticker and logo changed. Balances, wallet addresses and existing staking positions were unaffected, and the blockchain is still called The Open Network.

Q14. Can I stake other assets on SafePal?
Yes. GRAM liquid staking joins TRX staking in the SafePal Earn section. SafePal continues to add staking support for more chains and assets across both mobile and hardware wallets.

About SafePal: Founded in 2018, SafePal is a next generation non-custodial crypto wallet suite backed by Animoca Brands, Binance and Superscrypt. The suite empowers access to decentralized and centralized finance on 200+ blockchains across its hardware, software, and browser extension wallet solutions.

Encompassing a diverse mix of crypto asset management solutions like cross-chain swapping, trading and yielding tools, centralized exchange (CEX) mini programs, a fiat gateway and Mastercard for users — SafePal serves 30 million users globally across 200+ regions and countries in 16 languages.

SFP is a decentralized BEP-20 and ERC-20 token fuelling the SafePal ecosystem with various utilities such as discounts on SafePal products, staking boost and airdrop rewards, seamless conversion to gas tokens, and more.

Stay informed about SafePal →

About Tonstakers: Tonstakers is the largest liquid staking protocol on The Open Network, with over 120M GRAM in total value locked (~80% share of TON's LST market) and over 140,000 stakers.

It is non-custodial and independently audited. Users stake GRAM and receive tsTON in return, a liquid token that grows in value as rewards accrue every 18 hours, with no lock-up required.

Full Disclaimer The APY figure quoted is a floating estimate based on current conditions on The Open Network, including the network-wide staking ratio, validator performance, and transaction volume. It is subject to change without notice and is not a fixed or guaranteed return. 

GRAM liquid staking is provided through a third-party integration with Tonstakers. Instant withdrawal is subject to available liquidity in the staking pool, and standard withdrawal is bound by The Open Network's validation cycles. 

Proof-of-stake networks carry protocol-level risks including validator slashing. Use of tsTON in external DeFi protocols carries additional risks independent of staking and is not required to earn staking rewards. This article is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research before making any financial decisions.

Regional restrictions: This feature is not available to persons located in, ordinarily resident in, or accessing it from the United States or the United Kingdom, or from any comprehensively sanctioned jurisdiction, currently including Cuba, Iran, North Korea, and the Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine. Access may be geo-blocked.  

Not Investment Advice The information above does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article's content as such. SafePal does not recommend that any cryptocurrency should be bought, sold, or held by you.

Cryptocurrency investment is subject to high market risks. Please invest cautiously. SafePal will not be responsible for any investment losses. SafePal will not be liable whatsoever for any direct or consequential loss arising from the participation of its activities. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Non-Endorsement The appearance of a third party on SafePal and its activities does not constitute an endorsement, guarantee, warranty, or recommendation by SafePal. Do conduct your own due diligence before deciding to invest in any third-party projects or use any third-party services.

Arbitrum [ARB] has been in a strong downtrend for two years, despite the chain’s performance. However, the altcoin appears to be forming a bottom at $0.07 as tokenization on the chain gains pace.

Notably, the market cap of tokenized stocks on Arbitrum by issuer grew to $173 million, a 476% increase. Reality accounted for $135 million, while Robinhood, Dinari, and xStocks were capped at $24 million, $13.9 million, and $3.8K, respectively.

Source: Token Terminal Over the past ninety days, the market cap of the top 10 tokenized stocks surpassed the $100 million mark. They included Micron, Nvidia, SanDisk, SpaceX, Strategy (formerly MicroStrategy), Tesla, and Intel, among others.

Moreover, the Arbitrum Platform has the highest RWA count at 3,208, making it the first chain to surpass 3,000, according to rwa.xyz. It is followed by Solana [SOL], Ethereum [ETH], Avalanche [AVAX], and BNB Chain, respectively.

Despite the momentum in tokenization, bearish sentiments did not lurk.

In addition to the daily token unlock of 479.06K ARB, a larger unlock is approaching. On the 16th of August, Abritrum will unlock 93.19 million ARB tokens worth $7.41 million. This adds selling pressure to the existing strong downtrend.

Source: CoinMarketCap Such consistent selling pressure from token unlocks partially explains why ARB’s price is weak.

ARB’s market structure after a 2-year downtrend The market structure has been bearish for the past two years, but things could be about to change. The 4-hour chart shows a structure that is in transition at around the $0.07 zone.

ARB’s price is making higher lows alongside the RSI Divergence which was at 50.99 as of writing, a typical institutional accumulation pattern. As big players build positions, the bigger crowd is fading.

This is evident as the Aggregate Crypto Open Interest dropped from $64.5 million to $46.63 million, indicating that the broader market was losing interest in the token.

Source: ARB/USDT on TradingView Therefore, the price of Arbitrum remains in a downtrend due to the existing market structure and tokenomics.

But the growth in tokenization may help speed up the formation of a bottom between the $0.07 and $0.09 zones. However, if the slanting trendline breaks down, it could indicate the continuation of the downtrend.

Final Summary The market cap of tokenized stocks on Arbitrum One has grown by 476%, but the token remains under intense selling pressure.  ARB price has been declining for the past two years but has hinted at bottoming at the $0.07 zone. 

Hashi Testnet Posts Strong Early NumbersSui Network's Hashi Testnet has logged more than 1.1 million deposits and 165,000 withdrawals in just three weeks since going live, pointing to strong early demand for the protocol ahead of a planned mainnet launch.

The pace of activity has had a measurable knock-on effect on Bitcoin Signet, the public test network used by developers to experiment with Bitcoin transactions without touching the main chain. According to Sui, over 50% of the transactions made in Bitcoin Signet over the past two weeks were generated by Hashi testing. That wave of traffic has pushed Signet activity to roughly five times its pre-launch baseline.

To keep up with the volume of withdrawal requests, Sui Core introduced Overdrive Mode, a feature designed to manage heavy withdrawal traffic and maintain efficient processing under load.

What Hashi Is and Why It MattersThe Sui Foundation and Mysten Labs launched the Hashi testnet on July 22. Hashi lets bitcoin serve as collateral for onchain loans while keeping $BTC on the Bitcoin network rather than re-minting or moving it to another chain.

Deposits are secured with a 2-of-2 multisig that requires signatures from the protocol's multi-party computation validators and a separate Guardian Layer, a configurable risk-management system designed to slow or block suspicious withdrawals.

More than 25 institutional partners are testing lending and credit applications on the testnet. Participants include custody provider BitGo, trading firms Cumberland and FalconX, hardware wallet maker Ledger, infrastructure provider Blockdaemon, exchange Bullish, and Sui-native lending platforms Navi and Scallop.

Sui Network says Hashi is now progressing toward mainnet, with the protocol's broader goal being to unlock $BTC's large pool of idle capital for productive use inside decentralised finance. While Bitcoin's market cap exceeds $1 trillion, roughly just 0.22% of it is currently deployed in DeFi.

Sources:
Sui Blog: Hashi Testnet Is Live
TechTimes: Bitcoin Collateral Reaches DeFi Without Wrapping
Crypto Times: Sui Launches Hashi Testnet for Bitcoin-Backed Finance

Harmony ağı hacklendi. Zincir üstü analist Juiceberg, saldırganların yaklaşık 4 milyar ONE‘ı yetkisiz şekilde ürettiğini ve bu miktarın toplam arzın yaklaşık %26’sına denk geldiğini bildirdi. Harmony ekibi ise saldırıyı doğrulayarak fonların dondurulması için borsalarla çalıştığını ve bir güvenlik yaması hazırladığını açıkladı.

Saldırının boyutuna ilişkin en dikkat çekici iddia ise bununla sınırlı değil. Juiceberg’e göre üretilen ONE tokenlarının yaklaşık 2,8 milyarı kısa sürede borsalara yönlendirildi ve satış baskısının etkisiyle ONE fiyatında sert düşüş yaşandı. Harmony ise şu aşamada saldırının kök nedenini veya etkilenen token miktarını açıklamadı.

Harmony’de Ne Oldu? Harmony, ağında bir güvenlik ihlali yaşandığını doğruladı.

Projenin resmi açıklamasında ekibin uygun borsalarla birlikte çalışarak fonları durdurmaya ve dondurmaya çalıştığı belirtildi. Harmony ayrıca bir patch hazırladığını ve işlemlerin geri alınmasını sağlayabilecek rollback seçeneklerini değerlendirdiğini açıkladı.

Ancak ekip, açığın nasıl kullanıldığını henüz açıklamadı.

Bu nedenle saldırının teknik mekanizması ve oluşturulan token miktarı konusunda şu aşamada zincir üstü analizlere dayanılıyor.

4 Milyar ONE Nasıl Üretildi? Zincir üstü analist Juiceberg, saldırganların boş bloklar üzerinden yaklaşık 4 milyar ONE üretmeyi başardığını bildirdi.

Bu miktar, mevcut token arzının yaklaşık %26’sına karşılık geliyor.

Juiceberg’in paylaşımına göre üretilen tokenların yaklaşık 2,8 milyar ONE’lık bölümü kısa süre içinde borsalara yönlendirildi. Bu hareket, saldırganların yeni oluşturulan tokenları piyasada satmaya çalıştığı ihtimalini gündeme getirdi.

Ancak burada kritik bir ayrım bulunuyor: 4 milyar ONE rakamı henüz Harmony tarafından doğrulanmış değil.

Wu Blockchain de Harmony’nin saldırıyı doğruladığını, ancak saldırının kök nedenini ve etkilenen miktarı henüz açıklamadığını aktardı.

ONE Fiyatında Sert Düşüş Yaşandı Yeni tokenların piyasaya yönlendirilmesi iddiası, ONE fiyatı üzerinde de ciddi baskı oluşturdu.

Paylaşılan verilere göre Harmony saldırısının ardından ONE %30’un üzerinde değer kaybetti. Şu an fiyat 0,00074 civarında.

Buradaki risk yalnızca saldırganların elindeki token miktarıyla sınırlı değil. Eğer gerçekten milyarlarca yeni ONE dolaşıma girdiyse, piyasadaki arzın kısa sürede artması mevcut yatırımcılar açısından ciddi bir seyrelme ve satış baskısı yaratabilir.

Öte yandan saldırının boyutu ve üretilen tokenların tamamının gerçekten piyasaya sürülüp sürülmediği henüz netleşmiş değil.

Harmony Fonları Dondurabilecek mi? Harmony’nin ilk müdahalesi fonların hareketini durdurmaya odaklanıyor.

Ekip, uygun borsalarla iletişim halinde olduğunu ve fonların dondurulması için çalışmalar yürüttüğünü açıkladı. Aynı zamanda ağ için bir yama hazırlanıyor.

Harmony’nin gündeme aldığı rollback seçeneği ise saldırı sonrasında oluşan işlemlerin veya ağ durumunun geri alınmasına yönelik daha kapsamlı bir müdahale anlamına geliyor.

Ancak bunun uygulanıp uygulanmayacağı ve hangi blok yüksekliğine kadar geri dönüş yapılabileceği henüz açıklanmış değil.

Dolayısıyla piyasadaki en kritik soru artık şu:

Harmony yeni üretilen ONE tokenlarını etkisiz hale getirebilecek mi?

Harmony Daha Önce de Güvenlik Sorunları Yaşamıştı Bu olay, Harmony’nin ilk büyük güvenlik problemi değil.

Proje 2022’de Horizon Bridge saldırısıyla yaklaşık 100 milyon dolarlık kripto varlığın çalınmasıyla gündeme gelmişti. Harmony’nin resmi olay raporuna göre saldırganlar köprü altyapısındaki özel anahtarların ele geçirilmesi sonucunda yetkisiz işlemler gerçekleştirmişti.

Harmony daha sonra staking mekanizmasındaki bir yazılım açığı nedeniyle de token üretimiyle karşı karşıya kaldı. Projenin teknik raporuna göre 2023’teki olayda yaklaşık 146,28 milyon ONE hatalı şekilde üretildi ve ağ acil bir güncellemeyle hard fork edildi.

Bu nedenle yeni saldırı, Harmony’nin güvenlik geçmişi açısından da yakından takip ediliyor.

Şimdi Ne Olacak? Harmony’nin açıklaması şu aşamada üç noktaya odaklanıyor: fonların dondurulması, güvenlik yamasının hazırlanması ve rollback seçeneklerinin değerlendirilmesi.

Buna karşılık zincir üstü analizler, saldırının çok daha büyük bir arz sorununa dönüşmüş olabileceğine işaret ediyor.

Eğer yaklaşık 4 milyar ONE’ın yetkisiz şekilde üretildiği ve bunun önemli bölümünün borsalara gönderildiği doğrulanırsa, olay yalnızca bir güvenlik ihlali olmaktan çıkıp token arzını doğrudan etkileyen ciddi bir protokol krizine dönüşebilir.

Şimdilik Harmony’nin resmi açıklamasında 4 milyar ONE miktarı doğrulanmış değil. Bu nedenle saldırının kesin boyutunu belirlemek için ekibin teknik incelemesinin ve zincir üstü verilerin netleşmesi gerekiyor.

Harmony’nin bir sonraki açıklaması, hem yeni üretilen ONE miktarını hem de rollback uygulanıp uygulanmayacağını belirlemek açısından kritik olacak.

Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.

Son Dakika kripto para haberleri için hemen tıkla.

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Ripple Treasury, a platform designed by blockchain payments company Ripple to facilitate the movement of digital and traditional assets for corporates, is now connected to a growing roster of major financial infrastructure providers. These connections include prominent names such as Fides, SWIFT, J.P. Morgan, Goldman Sachs Asset Management’s Mosaic platform, KYOS, NDepth, Treasury Strategies, Curinos, Infor, Fenics Market Data, Refinitiv, London Stock Exchange Group (LSEG), FTI Treasury, FTI Consulting, and C2FO.

The companies behind the networkThese companies are integral to the mechanics of global corporate finance. Their services span bank connectivity, cash and investment management, market data, working capital solutions, and corporate accounting. Institutions such as SWIFT, the global provider of secure financial messaging services, and J.P. Morgan, one of the largest banks worldwide, manage critical components of daily financial operations for corporations.

X Finance Bull, a crypto market analyst active on X, described these organizations as representing the “plumbing” of corporate finance, underscoring the significance of their integration with Ripple Treasury. He stated the embedded connections mean treasury teams are able to work with Ripple’s technology within the familiar architectures they already use, reducing friction in adoption.

X Finance Bull noted that market participants may underestimate how extensively Ripple has integrated XRP into the existing financial ecosystem, arguing that these connections position XRP at the heart of day-to-day corporate finance operations.

Digital Asset Accounts and new treasury capabilitiesRipple Treasury introduced native Digital Asset Accounts in 2026, giving corporate clients the ability to manage XRP and RLUSD alongside traditional currencies, within the same treasury systems. This development enables organizations to value, track, and settle digital asset balances without requiring separate infrastructure or parallel workflows.

By keeping digital asset accounts within existing systems, finance teams streamline their operations and avoid the complexity of operating multiple accounting environments. This move positions Ripple Treasury as an all-in-one hub for managing both digital and fiat assets.

Mini dictionary: RLUSD – RLUSD is a digital dollar-backed stablecoin issued by Ripple. It is designed for use within Ripple’s ecosystem to enable instant, low-cost transactions and settlements across borders.

Expanding cross-border finance optionsRipple Treasury now supports workflows where companies can convert fiat money into digital assets, transfer them using blockchain infrastructure, and reconvert into destination currencies. XRP is positioned as the core bridge asset for global liquidity, enabling these seamless currency flows without direct reliance on traditional correspondent banking.

X Finance Bull has pointed to this mechanism as a key catalyst for XRP’s role in global finance, explaining that bridging traditional and crypto settlement rails addresses a long-standing pain point for multinational organizations.

The ability to route payments through XRP liquidity pools and convert between fiat and digital assets within one integrated system marks what market commentators see as a turning point in institutional digital finance.

Enabling two systems to meetRipple Treasury’s design allows corporations to adopt crypto settlement capabilities without abandoning their established finance systems. Bank integrations continue to operate as before. At the same time, XRP-powered liquidity and blockchain transaction finality become available as an additional settlement option.

Sitting between traditional banking platforms and decentralized finance infrastructure, Ripple Treasury bridges two worlds. This enables more companies to experiment with and gradually adopt blockchain-based payments, using the partners and workflows they already trust.

With major financial providers now integrated, Ripple’s ecosystem could give XRP a distribution channel that leverages the reach of the world’s leading treasury, market data, and cash management platforms.

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.

The @Cardano_CF has voted yes on AlphaGrowth's Cardano PRIME governance action, backing a 120 million $ADA treasury withdrawal designed to deepen DeFi liquidity across the Cardano ecosystem. The Foundation published its full rationale on chain, stating that its support rests on the programme's structure rather than its headline funding figure.

A Phased Approach With Built-In Safeguards The headline number of 120 million $ADA is subject to meaningful constraints. Around 90 million $ADA sits behind a Phase 3 release gate, meaning the bulk of the allocation will only be unlocked if an operating group approves the programme's progress after month four. That leaves near-term treasury exposure closer to 30 million $ADA. Six return-to-treasury triggers are also included in the proposal, covering unused, unearned, and unreleased funds.

Under the proposal's structure, funds would flow through Intersect, the member-based Cardano organisation, rather than directly to AlphaGrowth. The programme spans 12 months and targets improvements in protocol readiness, liquidity-provider incentives, and durable on-chain growth.

Context: What PRIME Is Trying to Solve Cardano's DeFi ecosystem has faced persistent criticism over thin liquidity and limited capital depth. AlphaGrowth's PRIME initiative aims to address those weaknesses through a coordinated programme that combines ecosystem grants, liquidity incentives, audits, and marketing. The proposal also calls for an initial audit of Cardano DeFi across 20 to 25 categories before significant capital is deployed.

The @Cardano_CF has made a practice of publishing detailed governance rationales for its DRep votes, and its backing of PRIME continues that approach. The Foundation has previously stated that transparency in governance requires not just publishing outcomes but also explaining the reasoning behind decisions.

The vote remains open for delegated representatives across the network, and the outcome will ultimately depend on whether the action clears Cardano's two-thirds supermajority threshold required for treasury withdrawals to pass.

Sources:
The Crypto Basic: Cardano TVL Declines, But Hoskinson Sees Path to Billions
DailyCoin: Cardano's $19M DeFi Plan Faces a Hard Reality Check
Cardano Foundation: Governance

The chief investment officer at Franklin Crypto, Seth Ginns, has voiced strong opposition to the proposed reduction in Ethereum’s staking rewards, arguing that the network does not face an urgent issue that would justify such a move.

Pushback against EIP-8363During an episode of the Bits + Bips show, Ginns directly addressed EIP-8363, also called the “Tapered Issuance Burn.” He described the proposal as a “solution looking for a problem” and questioned the necessity of the changes at this time. Ginns emphasized that he did not view the concerns behind the proposal as urgent and cautioned against implementing major economic changes without an extended period of open discussion.

EIP-8363, introduced on August 4 by six researchers including Justin Drake from the Ethereum Foundation, presents a new model for managing the issuance of validator rewards. The plan would gradually increase the proportion of new staking rewards burned as the total ETH staked grows, culminating in a 100% burn rate once staking reaches 60.25 million ETH, about half of Ethereum’s current supply. The mechanism would unfold over 18 months and only affect new rewards, leaving validator income from transaction fees and tips unchanged.

The proposal remains in draft status and is unlikely to be included in Ethereum’s impending network upgrade.

Mini dictionary: EIP-8363 (Ethereum Improvement Proposal 8363), dubbed the “Tapered Issuance Burn,” is a draft proposal to reduce staking rewards by burning a larger share of newly issued ETH as more coins are staked, aiming to address concerns about centralization.

Arguments for and against the proposalSupporters of EIP-8363 contend that the gradual burn would help limit the amount of ETH locked in staking, thereby reducing the risk of centralization by large operators. They argue that too much staking could give disproportionate influence to a small number of powerful validators.

Ginns, however, dismissed the notion that large institutional participants have taken control of Ethereum. He highlighted that digital asset treasuries and spot ETFs have together contributed more than $10 billion into ETH over the past year. Ginns maintained that this “institutional wave of flows has been unambiguously positive” for the Ethereum network, and cautioned against viewing these inflows as problematic.

Ginns argued against labeling the influx of institutional funds as a sign of capture, stating that it is an oversimplification of Ethereum’s evolving landscape.

Others within the Ethereum ecosystem have echoed Ginns’s concerns. Stani Kulechov, founder of Aave, referred to EIP-8363 as potentially one of the most strongly opposed proposals in Ethereum’s history. Mike Silagadze, who leads ether.fi, warned that implementing the burn could push solo stakers out of the network, favoring larger players.

Ginns concluded that instead of focusing on further modifications to tokenomics, Ethereum developers and stakeholders should prioritize encouraging real-world use cases and broad adoption.

Prominent community members have cautioned that EIP-8363 could harm network diversity and discourage participation by smaller validators.

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.

In brief Solana trades at a $75.06 price, down 1.22% on the day, holding just above its 50-day moving average. The daily chart paints a formation traders refer to as a death cross, a classic bearish indicator. Prediction-market traders on Myriad price a dump to $40 at 69%, against a pump to $160 at 31%. Solana has risen up the ranks of the crypto market charts over the last few years, but the bear market has taken a toll—and the broader macro environment isn’t give SOL much of a tailwind.

Bitcoin is trapped between roughly $62,000 support and $67,000 resistance after a brutal early-August selloff, holding under $65,000, while Ethereum has pulled back to the $1,825–$1,850 zone after getting rejected at higher levels.

A weak tape across the two largest assets caps how far any altcoin bounce can run, and Solana, which trades as SOL, is moving with them, down 1.22% on the day at $75.06 and a $43 billion market cap.

There are some potential catalysts on the horizon, however, beginning with the coming Alpenglow consensus upgrade. The overhaul is meant to cut finality to 100–150 milliseconds and entered community validator testing and is targeted for mainnet activation in August. Traders have been positioning for the rollout, but the date is still a target, not a locked event. Until it ships, the chart is doing the talking, and it has SOL back on its 50-day average after a pullback from the $90 spike—the first line of defense for any recovery.

Another development to take into consideration is a recent tokenomics proposal. Validators are close to advancing SGP-0003, which bundles two changes aimed at tightening Solana's supply: SIMD-0553 would introduce resource-based fees and lift daily SOL burns more than 10-fold—from about 650 SOL (roughly $48,000) to between 7,500 and 9,000 SOL (up to about $668,000)—while SIMD-0550 would double the annual disinflation rate to 30%, pulling the 1.5% inflation floor forward from 2032 to 2029.

Supporters include Helius, Jupiter, Drift, and Solana Compass. A supply-side squeeze like that is the kind of catalyst the chart can't show.

SOL price: What the charts saySolana is trading at $75.06 on the daily charts, down 1.22% on the day, after a late-August pullback from a spike near $90. Price is holding just above the average price of its last 50 days, back in the support that defines the current range.

Solana carved a steep downtrend from the mid-$90s in May to about $62 in early June, then staged a V-shaped August rally that peaked just under $85 before rolling over. The drop from that high to $75.06 is roughly a 17% retrace, and crucially it's been absorbed right at the 50-day exponential moving average, or EMA, rather than slicing through it.

Exponential moving averages smooth out day-to-day noise by weighting recent closes more heavily, so the 50- and 200-day lines show where the medium-term crowd actually paid, not last tick's panic.

If a market goes through a normal cycle change, these changes happen slowly, with both EMAs approaching over time after being almost stable for a bit. That's the first step toward stabilization the bulls need—but the rally failed to hold above the 200-day EMA near $85, so the move still looks like a lower-high rejection off a major average, not a trend reset. A daily close back under the 50-day EMA would flip this from "holding support" to "losing it."

The Relative Strength Index, or RSI, reads 50.5. RSI is a momentum gauge on a 0–100 scale: above 70 is overbought, below 30 is oversold. At 50.5, SOL is exactly on the midline—neutral, with no momentum edge either way.

Squeeze Momentum is on for three days and seems to point towards a recovery. A squeeze means volatility has contracted and a move is loading; this one carries a faintly positive bias, but +0.28 is barely off zero.

The Average Directional Index, or ADX, reads 11.9. ADX measures trend strength, not direction: below 20 means the market is directionless and choppy, so false breakouts and stop hunts are common. The directionality is also ever so slightly bullish, but with ADX this low the signal means little.

Myriad's open SOL market frames the extremes. Traders there are pricing a dump to $40 at 69% and a pump to $160 at 31%, with the market open until the coin hits a target. The 69% lean toward $40 is basically a bet that stacks the current hold at the 50-day EMA against a deeper leg down.

For more information, or to participate, click here to place your prediction on Myriad.

Myriad: SOL next move: Pump to $160 or Dump to $40?The price chart doesn't support a run to $160 from here: that would need a daily close back above the 200-day EMA near $85 first, and the death cross says the path of least resistance is still down.

Bull case: SOL holds the 50-day EMA and the 74.73–75.71 Fib green zone, then reclaims $77.50 (the resistance marked on the chart) and pushes toward the 200-day EMA near $85. A daily close back above $77.50 confirms the 50-day EMA held and reopens the August high.

Bear case: a daily close below $72 breaks the green zone and opens $70.58, then the early-July floor near $65.

All things considered, Solana is holding its 50-day EMA, but the 200-day EMA above and the death cross below still frame this as a bounce inside a downtrend, not a turn.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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When a crypto founder dies unexpectedly, there’s a multisig wallet crisis, a keyholder coordination nightmare, and potentially millions in digital assets sitting in limbo. Ondo Finance is learning this the hard way.

Nathan Allman, the founder of tokenized asset platform Ondo Finance, died unexpectedly in May 2026 at age 32. What followed has become one of the most closely watched succession disputes in crypto history.

A leadership vacuum turns into a courtroom fight After Allman’s death, Ian De Bode, who had been serving as Ondo’s president, stepped into the CEO role.

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In August 2026, Kathleen Allman, the founder’s mother, filed suit in Delaware court seeking to remove De Bode from the top job. Her claim: that he had unlawfully seized control of the company.

The Ondo Finance board has pushed back, describing Kathleen Allman’s involvement as a transitional arrangement while they conduct a formal search for a permanent successor.

Why crypto succession is fundamentally different Tuongvy Le, general counsel at Veda Tech Labs and formerly of Anchorage, Bain Capital Crypto, and the SEC, has been one of the more vocal voices on the unique challenges of crypto succession planning. While Le hasn’t commented directly on the Ondo situation, her broader analysis of key management vulnerabilities maps almost perfectly onto the risks now playing out.

In traditional corporate governance, succession means transferring authority, strategy, and relationships. In crypto, it also means transferring access to private keys, coordinating among multisignature wallet holders, and ensuring that the handoff doesn’t create openings for governance attacks.

Le has emphasized that crypto succession planning requires active coordination among signers and keyholders, not just legal documents filed in a drawer. A will that says “my crypto goes to my spouse” is meaningless if the spouse can’t access the wallet, doesn’t know which chain the assets are on, or lacks the technical knowledge to interact with a multisig setup.

The Ondo case as industry inflection point Ondo Finance operates in the tokenized real-world assets space, meaning its platform bridges traditional financial products with blockchain rails. The legal dimensions involve questions about digital asset custody, keyholder rights, and the relationship between on-chain governance and off-chain legal authority — territory Delaware courts have limited precedent navigating.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Bitcoin treasury Twenty One’s new CEO has reassured investors that the firm will become “more than a Bitcoin treasury” following shareholder concerns about the company. 

The Tuesday letter to shareholders comes after the Bitcoin treasury — the second biggest in the space — released its quarterly earnings: the company posted a net loss of $413.5 million in Q2 2026, driven almost entirely by a non-cash “change in fair value” of its BTC holdings. 

Bitcoin treasuries have faced a rough 2026 so far following Bitcoin’s price plunge. The leading cryptocurrency has shed about 50% of its value since it notched a all time high of $126,080 in October, hurting such companies’ stock price. 

“Twenty One owns one of the largest Bitcoin balance sheets in the public markets. That is a real advantage, but if Twenty One is going to be worth owning, it must become more than a Bitcoin treasury,” wrote Raphael Zagury, who took the helm in July, replacing Jack Mallers. 

Zagury said investors had voiced concerns about the stock trading at a discount to the Bitcoin it holds, and that some thought “the build is not happening fast enough.”

“That work has started: searches for key operating roles are underway,” he said to reassure investors. “Ultimately, actions, not words, will address these concerns and move the company forward.”

Zagury added that the company was going to build a conservatively leveraged Bitcoin-backed lending/credit business, and support Bitcoin developers, “no-strings attached.”

“I will finish with this: Twenty One is not a substitute for Bitcoin,” Zagury said. “Investors who want pure Bitcoin exposure should understand that Bitcoin itself is the cleanest expression of that view. Twenty One must earn the right to be something different: a way to own the build around Bitcoin.”

Twenty One was the product of Tether, Bitfinex, Cantor Fitzgerald, and SoftBank (which now no longer is part of the project). It has the second biggest public Bitcoin treasury, according to Bitcointreasuries.net, with a total of 43,514 coins — or $2.7 billion in Bitcoin’s current price of $63,464. 

It debuted last year through a SPAC merger with Cantor Equity Partners, a blank check company affiliated with financial services firm Cantor Fitzgerald.

Bitcoin treasuries exploded last year as public companies wanting to boost their stock prices rushed to accumulate Bitcoin — and other cryptocurrencies. 

Following in the footsteps of software company Strategy (formerly MicroStrategy), such firms have seen their stock suffer as crypto markets have sold off since October. Even Strategy, the largest corporate holder of Bitcoin, has sold chunks of Bitcoin to create a cash buffer. 

Twenty One in July said it would try and create a model like Berkshire Hathaway: build and acquire high-quality operating businesses that “leverage Twenty One’s balance sheet while maintaining disciplined capital allocation at the parent company and create a long-term ownership model inspired by Berkshire Hathaway.”

Twenty One’s stock (NYSE: XXI) was down over 1% over the past day on Tuesday. Year-to-date, the company’s stock is down by more than 50%.

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.