BlackRock’s Head of Digital Assets Robert Mitchnick said the company has reduced the minimum for Bitcoin (BTC) exchange-traded fund (ETF) in-kind conversions from $25 million to $1 million.
BlackRock drops minimum in-kind conversion rate to $1 millionThe lower threshold allows investors with $1 million worth of Bitcoin to facilitate in-kind conversions through authorized participants and receive shares of BlackRock’s iShares Bitcoin Trust (IBIT).
In an interview with Bloomberg analysts Eric Balchunas and Isabelle Lee on Monday, Mitchnick noted that the process remains intermediated, meaning BlackRock does not directly facilitate the transactions with individual investors.
Mitchnick said in-kind creations and redemptions remain a minority of activity within the Bitcoin ETF market, with most inflows coming from new dollars.
However, he said the amount of in-kind activity has grown since regulators permitted the feature, prompting BlackRock to work on lowering the minimum threshold.
Coldcard hack reflects security mismanagement issuesMitchnick also addressed the recent hack involving Coldcard wallets, describing it as a security failure rather than a breach of Bitcoin’s underlying network.
“Unfortunately, with that incident, it was a fairly simple, sort of amateurish error that led to the vulnerability,” Mitchnick said.
He added that crypto hacks involving individual wallets or service providers reflect “individual security mismanagement issues.”
Mitchnick said the incident underscores why many investors have turned to regulated Bitcoin ETFs, which provide exposure without needing to manage private keys and other custody risks themselves.
“What we’ve seen, frankly, since the start of the Bitcoin ETFs being available in January of two years ago was an overwhelming demand to be able to hold in a very simple turnkey trusted vehicle,” he stated.
Bitcoin ETF holders remain long-term focusedDespite Bitcoin's decline from its all-time high in October, Mitchnick said BlackRock has not seen evidence of widespread panic among its ETF investors.
“The ETF investor base tends to be more of a fundamental long-term buy and hold type segment,” he said, adding that this behavior has continued during the downturn.
Mitchnick noted that Bitcoin has experienced five major boom-and-bust cycles and remains a volatile asset. However, each cycle has ended at a higher level than the previous one, he added.
He also pointed to Bitcoin’s recent decoupling from equities as a potentially healthy development for the asset’s long-term diversification thesis.
Mitchnick also discussed BlackRock’s new Bitcoin premium-income ETF, BITA. The product targets investors willing to sacrifice some potential Bitcoin upside in exchange for a mid-to-high-teens target yield and reduced volatility.
He added that BITA is off to a solid start, although he expects its growth to be slower than flagship products such as the iShares Bitcoin Trust (IBIT).
Bitcoin is trading at $63,940, down 1.7% over the past 24 hours at the time of writing.
Ripple podpořil dva návrhy XRP Ledgeru, XLS-65 a XLS-66, které mají v protokolu zavést single-asset vaulty a pevné institucionální půjčky. Aktivace ale vyžaduje přes 80% podporu validátorů dva týdny po sobě.
Ripple has voted to support two XRP Ledger amendments designed to introduce single-asset vaults and fixed-term institutional lending directly at the network’s protocol level.
Summary
Ripple’s validator voted “yes” on XLS-65 and XLS-66, supporting native vaults and lending. XLS-65 has reached 40% validator support, while XLS-66 has secured more than 37%. Both amendments require over 80% support for two consecutive weeks before activation. The framework could support loans funded with XRP, RLUSD, and other XRPL-issued assets. Ripple’s validator has backed the Single Asset Vault and Lending Protocol amendments as voting continues among trusted XRP Ledger validators.
🚨BREAKING: RIPPLE VOTES TO ADVANCE SINGLE ASSET VAULT (XLS-65) AND LENDING PROTOCOL (XLS-66)
Ripple voted in favor of Single Asset Vault (XLS-65) and Lending Protocol (XLS-66) amendments, moving them closer to enabling on the XRP Ledger.
Meanwhile, 39% of validators have now… pic.twitter.com/nKGaagryP2
— Rednirav (@CryptoRednirav) August 10, 2026 XLS-65, which would introduce Single Asset Vaults, has reached approximately 40% support. XLS-66, covering the proposed Lending Protocol, has received more than 37% support, according to the latest voting data.
The current totals remain well below the activation threshold. An amendment must maintain support from more than 80% of trusted validators for two continuous weeks before it can become active on the XRP Ledger mainnet.
Based on the current default Unique Node List configuration, the proposals would need support from at least 28 of 35 validators. Ripple’s vote therefore moves the amendments forward but does not establish an activation date.
The vote follows the amendments’ entry into the formal validator process earlier this year. As crypto.news previously reported, XLS-65 and XLS-66 are intended to provide lending infrastructure at the ledger level rather than through external smart contracts.
Validators can independently decide whether to support an amendment. Ripple’s vote carries attention because the company remains a major contributor to XRPL development, but it cannot activate the proposals by itself.
How XLS-65 and XLS-66 would work XLS-65 would establish a standard structure for pooling one type of asset from multiple depositors. A vault could hold XRP, Ripple USD (RLUSD), or another token issued on XRPL while giving depositors proportional shares representing their claims on the pooled assets.
The vault could then supply liquidity to other services, including the proposed Lending Protocol.
XLS-66 would use liquidity held in those vaults to fund fixed-term loans. Unlike many decentralized lending markets, the proposed system would not require every borrower to provide more collateral than the value of the loan.
Institutions would instead conduct credit checks, compliance reviews, legal assessments, and underwriting off-chain. The XRP Ledger would manage the agreed loan terms, including interest, repayment schedules, servicing, and default records.
Loan brokers would connect borrowers with vault liquidity and manage the credit relationship. A first-loss capital mechanism could absorb an initial share of losses if a borrower defaults, offering some protection to vault depositors.
The separation between off-chain underwriting and on-chain execution is meant to accommodate regulated lenders that cannot rely entirely on anonymous borrowers and automated liquidations. For U.S. institutions, using the protocol would not remove obligations arising from lending, securities, consumer protection, sanctions, or anti-money laundering rules.
Instead, the ledger would serve as settlement and record-keeping infrastructure after participating institutions complete the required checks.
Security review clears major lending flaws The lending code has undergone several security reviews ahead of the validator decision.
Blockchain security firm Halborn completed a re-audit covering transaction checks, accounting rules, access controls, parameter limits, and consistency between protocol states. The review found no critical or high-risk vulnerabilities.
Halborn identified five issues: one medium-risk finding, two low-risk findings, and two informational findings. Ripple addressed, accepted, or acknowledged all five, according to the audit report.
“We are proud to share that we have completed our XRP Ledger Lending Protocol Re-Audit for Ripple,” Halborn said when announcing the review.
The medium-risk issue involved a way loan interest could cause a vault to exceed its maximum asset limit. Ripple resolved that finding, along with a low-risk issue involving a missing freeze check.
The audit does not eliminate default, underwriting, liquidity, or implementation risks. However, it cleared another technical requirement as validators assess whether the amendments are ready for mainnet use. crypto.news covered the re-audit in June.
XRP Ledger applications prepare for activation Developers are already testing possible applications on XRPL’s Lending DevNet while the amendments await approval.
Yield protocol SOIL has said it plans to become one of the first applications built on the Single Asset Vault and Lending Protocol framework. Its proposed products include lending markets, yield strategies, and tokenized fixed-income instruments.
A demonstration showed users depositing assets into separate vaults and receiving tokens representing their proportional ownership. However, the system remains in a development environment and cannot launch on the mainnet unless validators approve both amendments. crypto.news previously reported on SOIL’s preparations.
Ripple-backed XRP treasury company Evernorth has also identified the lending framework as a possible way to earn institutional-grade returns on its holdings. Actual yields would depend on borrower demand, credit quality, vault terms, and protocol adoption after launch.
The vote comes alongside the release of XRP Ledger version 3.3.0, which includes work on lending, confidential transfers, transaction batches, sponsored fees, and configurable token features. Those changes also require validator approval and should not be treated as active mainnet functions solely because their code has been released.
As crypto.news reported, node operators must upgrade their software and consider each amendment separately.
XRP traded near $1.02 at the time of writing, down about 2.2% over 24 hours and 5.7% during the past week. The validator vote did not produce an immediate positive price reaction, suggesting traders remain focused on whether the amendments can reach the required threshold and generate real lending demand after activation.
Ethereum staking has reached a record 41.7 million ETH, locking more than one-third of the cryptocurrency’s circulating supply despite a sharp decline in its market price.
Summary
41.7 million ETH is now staked, according to a CryptoQuant chart shared by Bitfinex. Staked ETH has increased by about 5.5 million ETH since January. ETH has fallen from approximately $3,400 to $1,900 during the same period. Ethereum developers are debating EIP-8363, which would reduce issuance as staking grows. Ethereum staking climbs despite price decline A CryptoQuant chart shared by cryptocurrency exchange Bitfinex on Aug. 10 showed that the amount of Ethereum (ETH) committed to staking had reached an all-time high of 41.7 million ETH.
Staked $ETH has climbed to a record 41.7 million, a third of all ETH in existence, while price fell from $3,400 in January to $1,900.
As the amount staked grows, the rewards do not run out, which is why the pile keeps growing. pic.twitter.com/m5AU9GQ4eB
— Bitfinex (@bitfinex) August 10, 2026 The figure represents roughly one-third of Ethereum’s circulating supply. CoinMarketCap data places the asset’s supply near 120.7 million ETH, meaning approximately 34.5% is now staked.
“Staked ETH has climbed to a record 41.7 million, a third of all ETH in existence, while price fell from $3,400 in January to $1,900,” Bitfinex wrote.
The chart shows that staking deposits remained near 36 million ETH through late 2025 before beginning a sustained increase in February. Growth continued through the second quarter and accelerated again between June and August.
The increase comes despite ETH losing about 44% of its value from its January level. Ethereum traded near $1,900 when Bitfinex published the chart, showing that validators and long-term holders continued locking tokens even as spot-market conditions weakened.
crypto.news reported in January that 36.2 million ETH, or nearly 30% of the supply, had been staked. The latest figure represents an increase of approximately 5.5 million ETH in less than seven months.
Reinvested rewards keep staked ETH growing Ethereum validators receive newly issued ETH for proposing blocks, attesting to transactions, and supporting network consensus. They may also collect priority fees and maximal extractable value.
Part of that income can be returned to staking, creating a compounding effect even when ETH’s dollar price falls. However, returns decline as more validators join because Ethereum distributes issuance across a larger staked balance.
Corporate treasury companies have become a major part of this trend. BitMine had approximately 4.9 million ETH staked as of July 12, equal to about 85% of its Ethereum holdings.
The company generated $45.7 million from staking and validation during the quarter ended May 31. Chairman Tom Lee projected that annual rewards could reach $284 million if BitMine stakes its entire ETH treasury, although returns depend on yields and validator conditions.
SharpLink has also committed most of its Ethereum treasury to staking. Its strategy continued generating ETH rewards even as lower market prices contributed to a $394.3 million second-quarter loss.
Record staking renews Ethereum issuance debate The continued increase has renewed questions about how much ETH should be committed to network security and whether Ethereum’s reward curve encourages excessive staking.
EIP-8363, known as Tapered Issuance Burn, would burn a growing share of consensus-layer rewards as the staking ratio rises. The mechanism would remove issuance-based rewards when approximately half of Ethereum’s supply is staked.
As crypto.news previously reported, the proposal’s authors argue that the current system continues rewarding additional deposits even after they provide limited security benefits. EIP-8363 remains under review and has not been approved for an Ethereum upgrade.
SharpLink CEO Joseph Chalom has opposed the plan, arguing that native yield supports Ethereum’s institutional appeal and acts as a benchmark for returns across decentralized finance.
US institutions expand access to ETH yield Staking has also become more accessible through regulated investment products in the United States. Grayscale distributed about $9.4 million in ETH staking proceeds to eligible ETHE shareholders in January, marking the first such payout by a U.S.-listed Ethereum product.
Morgan Stanley has also added staking provisions to its proposed Ethereum ETF. Its filing showed that 3.64 million ETH was waiting to enter validation as of May 18, implying an activation delay of approximately 63 days.
Continued institutional participation could remove more ETH from liquid markets. However, staking does not guarantee price appreciation, and the divergence between record deposits and ETH’s decline shows that supply constraints can be outweighed by broader selling pressure.
Robinhood Chain v prvním měsíci provozu vygeneroval zhruba 3,6 milionu USD na poplatcích a stal se nejvýnosnější sítí Ethereum L2. Tvořil asi 38 % z odhadovaných 6,3 milionu USD poplatků na hlavních sítích L2 v červenci.
Robinhood Chain generated roughly $3.6 million in transaction fees in its first month of operation, making it the top revenue-producing Layer-2 network across the entire Ethereum ecosystem. That figure accounted for approximately 38% of the estimated $6.3 million in total fees collected across major L2 networks during July.
Robinhood Chain launched its public mainnet on July 1, 2026.
Advertisement
How a brokerage outpaced crypto-native L2s Robinhood Chain is built on Arbitrum’s technology, making it an Ethereum-compatible rollup. The network supports 24/7 trading of tokenized stocks and decentralized finance applications. Reports indicate daily trading volumes reaching into the hundreds of millions of dollars shortly after launch, with tens of millions of individual transactions processed within the first two weeks alone.
Some estimates suggest its share of total L2 fees may have been as high as 56%, depending on which networks are included in the denominator.
Under the Arbitrum Expansion Program, Robinhood allocates 10% of its net protocol revenue back to the Arbitrum ecosystem. Of that 10%, 8% goes to support ARB token holders and 2% flows to ecosystem developers. The remaining 90% is retained by Robinhood.
The Ethereum revenue problem, amplified In the early days following Robinhood Chain’s launch, Ethereum’s mainnet received only a few thousand dollars in fee transfers from the new L2.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood’s Ethereum Layer-2 network has crossed 200 million cumulative transactions roughly one month after its July 1 mainnet launch, a pace that puts it among the fastest-growing rollups ever deployed. To put that in perspective, the chain hit 38.7 million transactions in its first 10 days alone.
Daily transaction counts have peaked between 10 million and 13.3 million, volumes that at times have eclipsed Base, Coinbase’s own Layer-2 network.
What’s actually happening on the chain Robinhood Chain is built on Arbitrum’s infrastructure, uses ETH as its gas token, and runs block times of roughly 0.1 seconds. Sub-second finality is what makes it practical to trade tokenized real-world assets like US stocks on-chain without the lag that plagues slower networks.
The platform has landed integrations with several DeFi protocols. Uniswap provides automated market-making infrastructure. Chainlink supplies oracle data feeds. Alchemy handles developer tooling.
Advertisement
Total Value Locked has climbed to somewhere between $300 million and $800 million since launch. The chain’s stablecoin supply continues to set records, which typically signals real usage rather than speculative inflows, since stablecoins tend to serve as working capital for trading and lending rather than directional bets.
Average trade sizes have declined since the initial launch spike, as early adopters testing with larger positions have been joined by a broadening user base pulling the average down.
The tokenized stocks play Robinhood Chain is positioning itself as a bridge between traditional finance and on-chain infrastructure, with tokenized US stocks as the centerpiece. The brokerage already serves users in over 120 countries through its traditional platform, and bringing those assets on-chain could unlock 24/7 trading, fractional ownership, and composability with DeFi lending markets.
The absence of a native token is a deliberate choice. By using ETH for gas and avoiding a governance or utility token launch, Robinhood sidesteps regulatory exposure and ensures the chain’s growth metrics aren’t inflated by token-farming incentives.
Where this fits in the Layer-2 wars What separates Robinhood Chain from most Layer-2 competitors is the built-in connection to a regulated brokerage with millions of existing customers who have already been KYC’d and onboarded, a distribution advantage that crypto-native chains must build from scratch.
For the broader Ethereum ecosystem, Robinhood Chain’s rapid growth contributes to ETH demand through gas consumption and settlement fees, as every transaction on the chain ultimately settles back to Ethereum’s base layer.
Robinhood has faced regulatory scrutiny before, most memorably during the 2021 GameStop saga when it restricted trading on certain stocks. Whether that history gives users pause about relying on a Robinhood-operated chain for their on-chain activity is a relevant consideration given the concentration risk of a single brokerage controlling a dominant L2 gateway for tokenized stock trading.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SharpLink vykázal ve 2. čtvrtletí čistou ztrátu 394,3 milionu USD při tržbách 11,5 milionu USD. Ztrátu táhly nerealizované ztráty z ETH za 321 milionů USD a znehodnocení za 76,1 milionu USD.
TLDR: SharpLink reported a $394.3 million net loss in Q2 2026 despite $11.5 million total revenue. Unrealized ETH losses of $321 million and $76.1 million in impairments drove the quarterly loss. SharpLink’s ETH holdings rose to approximately 888,938 tokens as of August 3, 2026. The company launched a $125 million Galaxy SharpLink Onchain Yield Fund after Q2 ended. SharpLink, Inc. (Nasdaq: SBET), one of the largest publicly traded Ethereum treasury companies, reported total revenue of $11.5 million for the second quarter of 2026.
The company posted a net loss of $394.3 million for the period. Staking revenue reached $11.2 million, reflecting the company’s actively managed Ethereum treasury strategy.
SharpLink held approximately 886,881 ETH as of June 30, 2026, with holdings rising to about 888,938 ETH by August 3, 2026.
Second Quarter Financial Performance SharpLink’s total revenue for the three months ended June 30, 2026, grew significantly from $0.7 million in the same period last year.
The increase stemmed largely from the company’s ETH treasury strategy, which launched in June 2025.
Selling, general and administrative expenses rose to $9.1 million, compared with $2.4 million a year earlier.
SharpLink Reports $394M Q2 Loss as ETH Staking Revenue Reaches $11.2M
SharpLink, the second-largest publicly traded Ethereum treasury company, reported Q2 revenue of $11.5 million, including $11.2 million from ETH staking, and a net loss of $394.3 million. The loss included… pic.twitter.com/wWT5eBsWhC
— Wu Blockchain (@WuBlockchain) August 10, 2026
The company’s net loss of $394.3 million compares with a net loss of $103.4 million in the second quarter of 2025. This increase was driven primarily by non-cash unrealized losses and impairment charges.
SharpLink recorded an unrealized loss of $321.0 million tied to Ethereum market conditions during the quarter.
Additionally, the company recorded a $76.1 million impairment charge on its LsETH and weETH holdings.
SharpLink noted these charges are non-cash accounting adjustments that do not reduce actual token holdings.
However, impairment charges lower the carrying value of these assets under U.S. GAAP and are not reversed later.
Cash and cash equivalents totaled $56.2 million as of June 30, 2026. This figure compares with $28.5 million reported at the end of December 2025. Crypto assets totaled approximately $1.4 billion on a GAAP basis at quarter’s end.
Treasury Management and Ecosystem Investments On June 23, 2026, SharpLink completed a $75.0 million registered direct offering. The transaction included 10,013,351 shares of common stock alongside accompanying warrants. Proceeds from the offering helped fund the purchase of roughly 10,000 additional ETH tokens.
SharpLink also repurchased about 2.1 million shares during the quarter, spending approximately $10.0 million.
Since starting its buyback program in August 2025, the company has repurchased 4,071,223 shares. The total cost of these repurchases has reached approximately $41.7 million to date.
Chief Executive Officer Joseph Chalom said the company remained “highly active across both treasury management and Ethereum ecosystem development” during the quarter.
He pointed to accelerating institutional adoption and expanding onchain activity as signs of broader momentum building across the network.
Beyond treasury management, SharpLink announced anchor funding for three ecosystem organizations. EthLabs focuses on core protocol development and scaling for institutional adoption.
Ethereum Institutional serves as a front door connecting banks and asset managers to Ethereum, while EthSystems develops privacy and compliance infrastructure for regulated institutions.
Chairman Joseph Lubin, also Consensys CEO and an Ethereum co-founder, said the network is “moving from an era of proving the technology to putting it to work” as financial infrastructure.
SharpLink also joined the Russell 2000 and Russell 3000 indexes during June’s reconstitution. After the quarter closed, the company launched the Galaxy SharpLink Onchain Yield Fund.
The fund carries $125.0 million in committed capital, split between SharpLink and Galaxy Digital.
Ethereumu2019s price has barely budged from $1,870, but underneath that surface calm, wallet-level activity has exploded. Onchain data from the Santiment update on August 10 showed 989,500 daily active addresses moving on Ethereum u2014 the highest single-day tally since March. The sudden spike contrasts sharply with the lack of immediate price momentum, suggesting that capital is being redeployed across the network rather than fleeing it.
The climb in user activity isnu2019t happening in a vacuum. Spot ETH ETF demand has been slowly rebuilding after weeks of tepid flows, and Robinhood Chainu2019s Ethereum-settled operations have added a new high-velocity use case. Instead of retail traders blindly aping, this spike looks more like existing wallets waking up to re-route funds, test execution rails, and position for what comes next.
More Than Just a Numbkey Count A raw address count can be noisy, but Santiment pushed a sharper thesis: ETF flows, Robinhoodu2019s clearing efficiency, and the gravitational pull of stablecoin and RWA settlement are pulling real traffic back to the layer-1. Tokenized Treasuries and other real-world assets now form a multi-billion dollar segment that Ethereum still dominates, as chronicled in the latest tokenization roundup. That dollar liquidity doesnu2019t just sit idle u2014 it drives gas consumption, validator yield, and ultimately, ETH demand if the usage sticks.
Lower gas fees and better L2 throughput help. When mainnet costs drop, small- and mid-sized wallets u2014 the cohort that typically vanishes during fee spikes u2014 can migrate back. Combined with improved bridging infrastructure, it creates conditions where protocol interaction, stablecoin transfers, and NFT/DeFi activity become economically feasible again for a wider set of users.
What the Market May Be Watching Thereu2019s still an open question: is this a durable shift in onchain behavior or a temporary reshuffling of funds? The Santiment note flagged that many of the active addresses appear to be older wallets rotating positions, not new entrants. That matters. If the spike is concentrated among existing cohort wallets testing the waters, then a sustained rise in active addresses might require fresh capital from outside the system. Without that, elevated activity could deflate just as quickly as it appeared.
Ethereumu2019s ability to retain and grow its developer base also plays a supporting role. It still leads blockchains in weekly developer activity, a signal that new tooling and applications are being built even as competitive pressure from other L1s increases, as recent developer activity rankings have shown. That underlying construction work can provide a floor for usage, even when speculation cools.
Meanwhile, the U.S. regulatory backdrop continues to evolve. While the spike in addresses wasnu2019t directly triggered by policy, market-structure progress in Washington u2014 including the contentious crypto bill still being debated u2014 has kept institutions focused on regulated on-chain finance. Any further clarity could tilt more capital toward Ethereumu2019s settlement layer as a compliant venue for digital dollar flows, adding weight to the current address uptick.
AUTHOR
Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.
TRON, the layer-1 blockchain founded by Justin Sun, ended the second quarter with $87.9 billion in circulating USDT (USDT), surpassing Ethereum (ETH) while processing $2.1 trillion in USDT transfers during the period.
According to a Messari report, USDT accounted for 98.5% of TRON’s stablecoin market, which grew 4.1% quarter-over-quarter to a record $89.2 billion. Average daily USDT transfer volume also returned to growth, rising 4.3% to $22.8 billion after declining in the first quarter.
The increase coincided with record network usage. TRON averaged 11.8 million daily transactions during the quarter, up 8.7%, while average daily active addresses climbed 11.7% to 3.6 million. The network processed a record 14.6 million transactions on June 15, the report said.
State of TRON Q2 2026 report. Source: Messari
Higher activity also helped reverse a two-quarter decline in network fees. Fees rose 15.9% to $699.4 million, their first quarterly increase since an August 2025 governance change cut the network’s energy unit price.
Growth was uneven elsewhere. DeFi TVL slipped 1.9% to $4.4 billion, while average daily DEX volume fell 21.7% to $49.3 million, marking a fourth consecutive quarterly decline. TRX supply also remained inflationary despite higher activity, with circulating supply increasing by 87 million tokens during the quarter as issuance continued to outpace burns.
TRON expands institutional accessInstitutional access to TRON widened during the quarter, with Securitize launching Hamilton Lane’s tokenized Senior Credit Opportunities Fund on the network, its first TRON-issued asset. The fund launched with about $4.3 million under management.
Asset manager Grayscale also added TRX (TRX), the native token of the TRON blockchain, to its list of assets under consideration, while a proposed staked TRX exchange-traded product from Canary Capital remained in registration.
Meanwhile, TRX saw broader market access during the quarter. Bitnomial launched spot TRX trading in the United States, while OKX Europe introduced MiFID-regulated TRX expiry perpetuals and Binance.US restored trading in the token.
That trend continued after the quarter ended, with Anchorage Digital adding native TRX staking and custody for TRC-20 assets in July, allowing institutional clients to stake TRX directly from its custody platform.
Magazine: Bitcoin will never fall below $60K again: Nansen founder
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Nově vytvořená peněženka vložila na Hyperliquid 3,56 milionu USDC a otevřela 4x long na 36 000 XMR v hodnotě asi 14,33 milionu USD. Cíl zisku je mezi 475 a 516 USD.
Someone really likes Monero right now. A newly created wallet dropped 3.56 million USDC onto Hyperliquid, the decentralized perpetual exchange, and immediately opened a leveraged long position on 36,000 XMR tokens. At entry prices hovering between $395 and $400, the notional value of the trade clocks in at roughly $14.33 million.
The trader then set a take-profit ladder between $475 and $516, suggesting they’re expecting XMR to rally another 20% to 30% from current levels.
Breaking down the trade The position uses approximately 4x leverage, meaning the trader’s $3.56 million in deposited collateral is controlling a position worth more than four times that amount.
Advertisement
On-chain analytics from Lookonchain first flagged the whale activity on August 10, 2026. The wallet in question appears to have been created specifically for this trade, which is a common pattern among large traders looking to keep their broader portfolio activity under wraps.
XMR has gained nearly 10% over the past week, trading in a range between $393 and $402 after breaking through a descending trendline that had been capping price action.
Hyperliquid is a decentralized exchange specializing in perpetual futures that operates on its own Layer-1 blockchain to facilitate on-chain order books and leveraged trading. Perpetual futures allow traders to bet on price movements without actually buying the underlying asset — you’re trading a synthetic contract that tracks XMR’s price, settled in stablecoins, with leverage available to amplify exposure.
This distinction matters for Monero in particular. XMR has been delisted from several major centralized exchanges over the years due to regulatory concerns around its privacy features, making it harder to trade in traditional spot markets. Perpetual futures on platforms like Hyperliquid offer an alternative route for traders who want exposure without navigating the shrinking list of venues that still support direct XMR trading.
A pattern of whale interest This isn’t the first time a large trader has taken a sizable XMR position on Hyperliquid. Earlier in 2026, a similar whale trade surfaced involving a $2.27 million USDC deposit used to open a 2x leveraged long on Monero. The current trade is significantly larger in both collateral and leverage.
The take-profit range of $475 to $516 would represent a roughly 19% to 29% move from the entry zone. At 4x leverage, a 25% adverse move would wipe out the collateral entirely without intervention.
With spot market access becoming increasingly restricted, decentralized perpetual exchanges are absorbing a growing share of XMR volume. That means XMR’s price discovery is happening less on order books where actual coins change hands and more on synthetic markets where stablecoins serve as the medium of exchange. Hyperliquid, which operates without traditional KYC requirements for most users, is a natural landing spot for that flow.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Trump Media na konci června držela 9 477 bitcoinů, méně než na konci března, a za první pololetí vykázala ztrátu 360,6 milionu USD z digitálních aktiv. Hodnota této pozice klesla na 557 milionů USD.
President Donald Trump at the White House (Jesse Hamilton/CoinDesk)Summary
Trump Media held 9,477 bitcoin at the end of June, down from 9,542 at the end of 2025, while the position's fair value fell to $557 million from $836 million.The company recorded $360.6 million in losses on digital assets and digital assets pledged during the first half of 2026, much of it unrealized.The results come days after Trump Media and Crypto.com scrapped plans for a publicly traded CRO treasury company and abandoned a separate ETF servicing partnership.Trump Media and Technology Group's (DJT) bitcoin holdings shrank during the second quarter of the year as falling crypto prices saddled the Truth Social parent with $360.6 million in losses in the first half of the year.
The company held 9,477.16 bitcoin BTC$63,940.84 with a fair value of $557.1 million as of June 30, according to its quarterly filing Monday. That's down from 9,542.16 BTC at the end of March, translating to a 65 BTC decline in holdings through the quarter.
Trump Media's Crypto.com-linked cronos CRO$0.04685 holdings remained unchanged at roughly 756.1 million tokens, but their fair value fell to $40.6 million from $68 million at the end of 2025.
A significant chunk of the company's bitcoin was also tied up as collateral. Trump Media, which is majority owned by the Donald J. Trump Revocable Trust, had 4,260.73 BTC pledged against convertible notes and another 2,077.34 BTC pledged for its bitcoin options strategy as of June 30.
U.S. President Donald Trump owns a significant stake in the trust, which is controlled by Donald Trump, Jr., one of the president’s children.
The results landed only days after Trump Media pared back parts of its crypto ambitions.
On Friday, Trump Media, crypto exchange Crypto.com and Yorkville Acquisition said they mutually terminated their proposed business combination to establish Trump Media Group CRO Strategy, a publicly traded company designed to build a large CRO treasury.
The companies cited "prevailing market conditions, and shifting business and stakeholder priorities." They also abandoned a separate partnership under which Crypto.com would have serviced certain planned Yorkville America exchange-traded funds, though Yorkville America said its existing and future ETF plans otherwise remain unchanged.
Related Assets
12345678910
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.
Cross-chain bridge exploit odčerpal z KelpDAO zhruba 292 mil. USD v nebackovaných rsETH a dopady se promítly do bilance Aave. Útočník použil tyto nově mintované tokeny jako zástavu k vypůjčení 190 mil. USD v WETH a stablecoinech na Aave V3 a V4, což protokolu zanechalo přibližně 195 mil. USD ve špatném dluhu. Aave okamžitě zmrazil trhy rsETH a WETH.
A cross-chain bridge exploit drained roughly $292M worth of unbacked rsETH tokens from KelpDAO, and the fallout landed squarely on Aave’s balance sheet. The attacker used those freshly minted tokens as collateral to borrow $190M in WETH and stablecoins across Aave V3 and V4, leaving the protocol staring at approximately $195M in bad debt.
SparkLend, the lending arm under MakerDAO, had already reduced its rsETH exposure before the incident. The protocol absorbed between $1.4B and $1.7B in new deposits from users scrambling for safer ground, effectively doubling its total value locked within days.
How the exploit unfolded On April 18, roughly 116,500 rsETH tokens were minted without backing through KelpDAO’s LayerZero-powered bridge. That figure represented about 18% of rsETH’s entire supply.
Advertisement
The attacker then deposited those tokens into Aave as collateral. Because Aave’s markets recognized rsETH at face value, the protocol processed the borrows like any other transaction. The result was $190M in borrowed assets that will almost certainly never be repaid.
Estimates for the resulting bad debt range from $124M to $230M depending on recovery assumptions, but $195M has emerged as the most widely referenced figure. Aave immediately froze its rsETH and WETH markets to prevent further damage.
The protocol’s TVL took a severe hit in the aftermath. From peaks near $26B, Aave saw declines reported between $6B and more than $10B as depositors pulled funds.
SparkLend’s strategic positioning pays off SparkLend’s decision to limit rsETH exposure before the exploit meant the bridge hack barely grazed it. Users fleeing Aave and other affected platforms deposited roughly $1.7B into SparkLend in the days following the exploit, doubling its TVL.
SparkLend wasn’t the only protocol to react quickly. Fluid halted operations entirely as a precaution, and multiple other platforms initiated their own market freezes.
Cleaning up the damage Aave’s community and DAO have moved to address the bad debt through a coordinated fundraising effort targeting $200M. So far, roughly $160M has been raised, with significant contributions from Mantle and the AAVE DAO itself.
Cross-chain bridges have been the single largest attack vector in DeFi for years. The Ronin bridge hack, the Wormhole exploit, and now the KelpDAO incident all follow a similar pattern: bridge vulnerability creates unbacked assets that propagate through the system before anyone can react.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aktivní úvěry na Aave za měsíc vzrostly na více než 11,3 miliardy USD zhruba z 10 miliard USD. Data DefiLlama ukazují, že poptávka po DeFi půjčování dál sílí.
Aave Loan Book Crosses $11.3 BillionActive loans on @aave have climbed past $11.3 billion, up from roughly $10 billion a month ago, according to protocol data tracked by DefiLlama. The roughly $1.3 billion increase in a single month points to sustained demand for decentralized borrowing, even as broader crypto markets have pulled back from late-2025 highs.
DefiLlama data shows Aave currently holds approximately $11.4 billion in active loans, with total value locked on V3 sitting at around $14.2 billion, up roughly 8% over the past 30 days. The original copy puts that TVL figure at $14.67 billion across the full protocol, with a 7.4% 30-day gain, alongside $27.1 million in fees for the period.
Aave V3 operates across 22 chains, with Ethereum holding the largest share at 82.9% of TVL. That multichain footprint has been central to the protocol retaining its position as the dominant DeFi lending venue despite growing competition.
Morpho Closes the Gap, But Aave Leads by a Wide MarginMorpho remains Aave's closest competitor by deposits. DefiLlama places Morpho Blue at roughly $7.95 billion in TVL, compared to Aave's $14.67 billion, leaving a gap of more than $6 billion between the two protocols.
The gap between Aave and Morpho has been narrowing every quarter since 2024. Morpho's growth has been driven largely by its modular architecture. Aave V3 operates as a monolithic pool where every supplier shares one liquidity contract per chain and the protocol sets risk parameters governance-wide, while Morpho took the opposite path, building Morpho Blue as a minimal lending primitive where anyone can deploy an isolated market and curated vaults allocate deposits across those markets.
By the end of 2025, Aave accounted for 61.5% of active loan market share, 52.4% of total value locked in the lending sector, and 43.2% of lending-sector revenue. The latest data suggests that lead remains intact heading into the second half of 2026.
Sources:
DefiLlama: Aave Protocol Data
Aave 2025 Year in Review (Aave Blog)
Hodnota tokenizovaných RWA na Avalanche za poslední rok vzrostla z 242 milionů USD na 1,93 miliardy USD. Securitize nyní drží více než polovinu této hodnoty.
The Avalanche blockchain has seen rapid growth in real-world asset (RWA) tokenization, as the value of tokenized assets on its network soared from $242 million to $1.93 billion over the past year. This jump represents nearly an eightfold increase and positions Avalanche among the fastest-growing platforms for asset tokenization.
Securitize’s dominant role in asset tokenizationSecuritize, an asset management and digital securities platform, has emerged as the leading issuer in Avalanche’s RWA ecosystem. The company currently accounts for more than half of all RWA value on the network, highlighting its significant influence in the development and distribution of tokenized securities.
Through Securitize, institutional clients gain access to Treasury products, money market funds, and other off-balance-sheet assets, all settled and managed through compliant transfer agents on Avalanche. The integrated infrastructure allows institutions to issue, custody, and redeem securities without relying on fragmented off-chain services.
Avalanche’s unique technical architecture, featuring subnets and sub-second settlement speeds, is frequently cited by issuers as a key reason for their preference. These features enable efficient compliance checks and high-frequency settlement, further driving adoption among institutional users.
Mini dictionary: Securitize is a fintech company specializing in the issuance and management of digitized securities on public blockchains, providing regulatory-compliant solutions for tokenizing real-world assets like stocks, bonds, and funds.
Institutional adoption and new infrastructureDemand from institutional players for on-chain Treasuries, money market funds, and other alternative assets is driving the network’s growth. Analysts point out that tokenizing real-world assets provides continuous liquidity, instant settlement, and transparent on-chain reporting. These capabilities appeal to investors and institutions seeking greater efficiency and improved auditability in their financial operations.
According to project founders, tokenization offers additional advantages by allowing RWA tokens to be used as collateral in decentralized finance (DeFi) protocols on the same network, enhancing composability and flexibility for new financial products.
For exchanges and custodians, the expanding mix of tokenized assets increases available products, while regulators benefit from improved access to audit evidence. However, the current landscape is dominated by Securitize, raising ongoing questions about issuer diversity and potential counterparty risk in the sector.
Over the past year, RWA value on Avalanche has grown nearly eightfold, from $242 million to $1.93 billion, with Securitize now accounting for more than half the total.
Path forward: Regulations and interoperabilityRecent developments signal that global interest in regulated tokenization is on the rise. Industry leaders anticipate that 2026 will see significant market initiatives, including the rollout of regulated tokenization frameworks on Ethereum Layer 2 solutions, Solana, and private blockchain networks.
Planned upgrades such as subnet interoperability are expected to facilitate broader participation from fund managers. Meanwhile, regulatory authorities in the US and EU are moving toward issuing formal guidelines governing custody practices and secondary trading of digital securities.
If current adoption trends continue, Avalanche could become the preferred blockchain settlement layer not only for traditional tokens but also for tokenized loans and other complex real-world assets.
YearRWA value on Avalanche2023$242 million2024$1.93 billionDisclaimer: 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.
Solana’s mainnet has now operated without a single network-wide outage for 30 consecutive months, a streak that would have sounded like science fiction to anyone following the blockchain in 2022.
The last full cluster-level outage occurred on February 6, 2024, when an infinite recompile loop bug knocked the network offline for roughly five hours. Since then, roughly 913 days of uninterrupted block production.
From punchline to proof of concept Official status reports confirm 100% uptime for June, July, and August 2026, with the network processing high transaction volumes throughout without any consensus failures or halts.
The turnaround didn’t happen by accident. It came from a comprehensive protocol overhaul that touched nearly every layer of the stack. Three upgrades stand out as particularly consequential.
Advertisement
First, the deployment of Firedancer, a second independent validator client built by Jump Crypto. Running multiple validator clients means a bug in one doesn’t necessarily bring down the whole network.
Second, a reworked fee market that replaced the old flat-fee model with a priority fee structure. This gave the network a more intelligent way to manage congestion instead of simply choking under load.
Third, enhancements to the QUIC protocol, the transport layer that handles how data moves between validators. These changes targeted the spam and bot traffic that had been a root cause of several earlier outages.
The asterisk worth noting Cluster-level uptime and individual validator health are two different things. The Solana Foundation itself acknowledges this distinction.
While the network as a whole has maintained perfect uptime, individual validators have reported issues. In one 30-day span, up to 32 delinquencies were logged from specific nodes. A delinquency means a validator temporarily fell out of consensus, which can happen for reasons ranging from hardware failures to software misconfigurations.
A 100% uptime figure for the cluster means the chain kept producing blocks and finalizing transactions without interruption. It doesn’t mean every single node had a flawless experience. For validators running their own infrastructure, monitoring and maintenance remain critical.
What 30 months of uptime actually changes Reliability is the table stakes requirement that unlocks everything else. Without it, institutional adoption stays theoretical and developer migration stays tentative. With it, Solana’s other selling points, its speed and low transaction costs, actually become usable at scale.
SOL, Solana’s native token, sits at the center of this narrative shift. Staking rewards, transaction fees, and network participation all flow through SOL, meaning improvements in network perception directly affect demand dynamics for the token. Validators must stake SOL to participate, and higher confidence in the network’s stability could draw more validators and more staked capital into the ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Mysten Labs představila Tessera, důvěrnou settlementovou síť na Sui pro firemní platby faktur mezi členy ověřenými KYC. Transakce zůstávají skryté, ale síť zachovává compliance.
Mysten Labs, the company behind the Sui Layer-1 blockchain, has introduced Tessera, a confidential settlement network designed specifically for business-to-business invoice payments. The network restricts access to KYC-verified members, essentially creating a walled garden where companies can settle payments privately while still meeting compliance requirements.
What Tessera actually does At its core, Tessera is a settlement layer that lets businesses pay invoices to each other with confidentiality baked into the protocol. The KYC-gating means every participant has been identity-verified before they can transact, which addresses one of the biggest friction points enterprises face when considering blockchain rails: the tension between transparency and privacy.
Tessera attempts to solve this by keeping transaction details confidential among verified participants while still leveraging the settlement guarantees of the underlying Sui network. The product fits neatly alongside Mysten’s existing Seal protocol, which provides on-chain encryption and access control capabilities.
Advertisement
Mysten’s enterprise ambitions Mysten Labs was founded in 2021 by former Meta engineers who had worked on the ill-fated Diem project. The Palo Alto-based company raised $300M at a valuation exceeding $2B.
The network has processed over $1 trillion in stablecoin volume, a figure that positions Sui as a serious contender in the payments infrastructure space rather than just another smart contract platform competing for DeFi users.
The privacy-compliance balancing act Tessera’s architecture suggests Mysten believes privacy and compliance are not inherently at odds — that you can have confidential transactions between parties who have already proven their identities. This approach mirrors what traditional financial networks like SWIFT already do, where banks transact through verified channels without broadcasting individual transaction details publicly. The difference is that Tessera runs on blockchain infrastructure, potentially offering faster settlement, lower costs, and programmable payment logic.
Mysten hasn’t disclosed a participant list or launch timeline, which means the gap between announcement and meaningful adoption remains an open question.
The competitive landscape includes traditional payment processors like Visa and Mastercard building their own blockchain settlement capabilities, JPMorgan’s Onyx platform handling billions in daily transactions, and newer entrants like Circle with its USDC ecosystem actively courting enterprise treasury teams.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Flare Data Connector umožňuje smart kontraktům ověřovat externí data z jiných sítí přímo on-chain bez spoléhání na bridge. Flare už nasadil FXRP a za prvních sedm měsíců bylo vyraženo přes 155 milionů FXRP.
The problem with cross-chain dataMost blockchains have no native way to verify what is happening on other networks. A smart contract on one chain cannot confirm whether a payment settled on another, which is why cross-chain activity has long depended on bridges and trusted intermediaries. @FlareNetworks takes a different approach, using its Flare Data Connector (FDC) to bring verified external data directly on-chain.
According to Flare's developer documentation, the FDC is an enshrined oracle designed to validate external data for Flare's EVM state, allowing smart contracts to consume attested information without relying on users for data integrity.
How the Data Connector worksThe process starts when a developer submits an attestation request for an external event. That could be a payment on the XRP Ledger, a $BTC or $DOGE transaction, or data returned by a Web2 API. Flare's independent data providers each verify the event independently, and their responses are combined into a consensus result.
Once consensus is reached, the verified data is stored as a Merkle root on-chain. Attestation requires more than 50% signature weight from data providers, ensuring decentralized consensus, and only the Merkle root is stored on-chain to minimize costs. Any smart contract can then consume this proof, turning external events into on-chain inputs without trusting whoever supplied the original data.
The FDC and Flare's Time Series Oracle (FTSO) represent what Flare describes as its most advanced and fully decentralized data protocols, empowering the network to acquire price, Web2, and blockchain data quickly and securely.
This architecture also supports a broader roadmap. In conjunction with the FTSO and FDC, applications can be built on Flare that harness price data, process data from other blockchains or Web2 sources, and execute transactions across Flare's connected chains.
FAssets: putting the Data Connector to workThe most concrete application of this infrastructure is FAssets, Flare's system for bringing non-smart-contract tokens into DeFi. With FAssets, assets that were not built for smart contracts can be used in programmable markets: trading, lending, vaults, staking, and cross-chain financial applications.
Flare has launched FXRP, a wrapped version of XRP that can be used in DeFi applications, and is the first live deployment of the FAssets system, which turns non-smart contract tokens like XRP into overcollateralized assets that can interact with DeFi protocols. Flare plans to expand FAssets to $BTC and $DOGE, bringing more non-smart-contract assets into its ecosystem.
Within its first seven months, more than 155 million FXRP had been minted, with most of that supply actively deployed across DeFi.
The Data Connector sits at the centre of this process. The FDC verifies the underlying transaction, and the equivalent FAssets are then minted as ERC-20 tokens on Flare. The result is a system where cross-chain applications are built on verified events rather than bridges alone.
Sources:
Flare Developer Hub: Flare Data Connector Overview
Flare Network: FAssets
The Block: Flare Network launches FXRP to let XRP be used in DeFi apps
Roqqu spustil obchodování s tokenizovanými akciemi přes Ondo pro více než 2 miliony uživatelů. Ti získají přístup k podílům ve více než 100 globálních firmách a ETF přímo v mobilních peněženkách.
Roqqu Brings Tokenized Equities to Over 2 Million Users@Roqqupay has launched tokenized equity trading powered by @Ondo, giving its base of more than 2 million users direct exposure to shares in over 100 global companies and ETFs, all accessible through their mobile wallets.
The integration lets retail investors buy fractional shares in major corporations without going through a traditional brokerage. TechCabal reported that the product is aimed squarely at Nigerian retail investors who previously had limited access to U.S. equity markets due to brokerage barriers and high fees.
The move removes the structural delays associated with legacy settlement cycles. Tokenized stocks on Ondo's platform offer 24/7 transferability, with minting and redemption now also available around the clock following Ondo's June 2026 upgrade, meaning users are no longer restricted to traditional market hours.
Ondo's Infrastructure and Growing MomentumThe deployment runs on Ondo's institutional-grade tokenization stack, which operates across Ethereum, Solana, and BNB Chain. TechAfrica News noted that the partnership is designed to expand access to institutional-grade tokenized products across emerging markets, where demand for alternative investment channels continues to grow.
Ondo Finance has established itself as a leading platform in the tokenized equities space, commanding over 70% market share in the sector with total value locked approaching $2 billion as of mid-2026, according to data tracked by industry analysts. The underlying securities are held with U.S.-registered broker-dealers, while onchain holders receive economic exposure to price movements.
For Roqqu, the integration reflects a broader strategic bet on blockchain-based financial infrastructure. The company has framed the partnership as part of its push to give users in emerging markets access to global capital markets on terms that were previously unavailable to retail participants.
Sources:
TechCabal: Roqqu joins race to bring tokenised stocks to Nigeria
TechAfrica News: Roqqu Partners with Ondo Finance to Expand Access to Tokenized Real-World Assets
Ondo Finance Official Blog: Real 24/7 Trading for Tokenized Stocks
Bitcoinová peněženka po 12 letech přesunula 26,96 BTC v hodnotě 1,76 milionu USD na SegWit adresu. Podle blockchainové analýzy šlo spíše o upgrade zabezpečení než o prodej.
A long-dormant Bitcoin investor who had not accessed their holdings for over 12 years transferred their entire balance, worth $1.76 million, to a new wallet as the new week began. The move set the crypto market abuzz, reflecting renewed activity among early adopters in a period of heightened security concerns.
Whale moves nearly 27 BTC after a decadeGalaxy Research, a digital asset analytics firm specializing in blockchain data, detected the transaction at 07:03 UTC in block #961845. The wallet, identified as “14vMECU9ta5sUrBhbUUnPmDjtx8Vqm6Eum”, had remained untouched since January 2014 after acquiring 26.96 BTC. At the time, Bitcoin traded at approximately $803 per coin.
The coins were initially transferred into the wallet through a series of complex transfers from unidentified sources. The owner had not engaged in any activity with the wallet until today. When the coins moved, their value had grown to $1.76 million, with the original investment booking an unrealized profit of $1.73 million. The return amounts to roughly 7,975% over the 12-year period.
EventDateBTC PriceBTC AmountTotal ValuePurchaseJan 2014$80326.96$21,650TransferAug 2026$65,30626.96$1,760,000Despite the substantial sum involved, the Bitcoin network charged the investor a fee of just 0.00000176 BTC, or $0.11, to process the transaction.
Security breach spurs market-wide concernThe sudden awakening of this large Bitcoin wallet followed close on the heels of a significant security incident affecting Coldcard hardware wallets. Hackers reportedly exploited a vulnerability, draining more than $116 million from thousands of addresses. This breach has triggered widespread anxiety among longtime Bitcoin holders, prompting several to quickly move their assets to more secure storage solutions or regulated channels.
Recent data shows spot Bitcoin exchange-traded funds recorded $80 million in inflows over the last four trading sessions, reflecting a rush to secure and regulated products during a period of heightened risk.
Mini dictionary: Coldcard is a hardware wallet manufacturer specializing in Bitcoin security. Its devices are popular among long-term holders for storing digital assets offline and away from potential online threats.
Switch to SegWit wallet highlights intentBlockchain analysis suggests the investor’s goal was upgrading wallet security instead of selling. The BTC were moved from a Legacy address beginning with “1” to a Nested SegWit format address starting with “3”. The SegWit (Segregated Witness) protocol enables more efficient transactions and lower fees by compressing data.
Nested SegWit addresses, also called P2SH (Pay-to-Script-Hash), facilitate partial compatibility with older wallet services while improving transfer efficiency. This wallet standard allows users to reduce transaction fees by around 20% to 40% compared to traditional addresses.
The transferred 26.96 BTC now reside at “3B5sQNx7xoXpZGhU2DizZSXH6HWtjrh1wp”, where the funds have yet to move again. Crypto market participants are watching the wallet for any further activity, since sending these coins to an exchange could influence Bitcoin price dynamics.
Over 26.9 BTC purchased in early 2014 for just $21,650 were moved to a higher-security SegWit wallet, while the fee for the entire transaction amounted to only $0.11 despite market concerns following a hardware wallet breach.
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.
OranjeBTC drží zhruba 3 950 BTC v hodnotě asi 255 milionů USD a je největší firemní bitcoinovou pokladnou v Latinské Americe. Patří mezi 25 největších veřejných držitelů Bitcoinu na světě.
A Brazilian company that barely existed two years ago now holds roughly $255 million worth of Bitcoin, making it the largest corporate Bitcoin treasury in Latin America and one of the top 25 among public companies globally.
OranjeBTC, trading on Brazil’s B3 exchange under the ticker OBTC3.SA, has accumulated 3,950 BTC as of early August 2026. The company went public less than a year ago with around 3,650 BTC. It has been buying steadily ever since.
The company behind the stack OranjeBTC was founded by Guilherme Gomes, a former partner at Bridgewater Associates. The company went public in October 2025 through a reverse IPO, acquiring the educational platform Intergraus to gain its B3 listing.
Advertisement
Its average cost basis sits at approximately $105,000 per BTC, which means the company has been acquiring through what has been a sustained high-price environment rather than buying at cycle lows.
The investor list includes Adam Back, the cryptographer whose work Bitcoin’s proof-of-work mechanism is directly based on. So are the Winklevoss twins, who have been institutional Bitcoin advocates since 2013. Ricardo Salinas Pliego, the Mexican billionaire who has publicly called Bitcoin his second-largest personal asset, is also involved.
The STRC move and what it signals In March 2026, OranjeBTC became the first public company to hold STRC, Strategy’s variable-rate perpetual preferred equity, on its balance sheet.
Strategy, formerly MicroStrategy, pioneered the corporate Bitcoin treasury playbook under Michael Saylor. Perpetual preferred equity with a variable rate pays ongoing dividends and never matures. The company still holds Bitcoin as its primary reserve, and STRC represents a secondary position rather than a pivot.
Why LatAm matters for this story OranjeBTC also has ADR availability under the ticker ORNJY, meaning US investors can access the stock through American depositary receipts without touching Brazilian markets directly.
What to watch from here OranjeBTC currently ranks around 23rd among public companies by Bitcoin holdings worldwide.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Těžba Bitcoinu se zhruba zlevnila o 19 % z listopadového maxima roku 2025, což je největší pokles od zákazu těžby v Číně v roce 2021. Hashrate klesl na asi 868 EH/s a veřejní těžaři prodali v 1. čtvrtletí 2026 přes 32 000 BTC.
Bitcoin’s mining difficulty has fallen roughly 19% from its November 2025 peak, a decline so steep it hasn’t been matched since China effectively kicked every miner out of the country in 2021. The metric, which automatically adjusts every 2,016 blocks to keep Bitcoin’s block production steady, dropped from approximately 155.97 trillion to 126.23 trillion as of the July 25, 2026 adjustment.
That makes this only the second time in Bitcoin’s history that mining difficulty has dipped below where it stood a full year earlier. The first was the China exodus.
What’s driving the drop Bitcoin has been trading consistently below $65,000, squeezing margins for operators who were already grappling with the April 2024 halving that slashed block rewards from 6.25 BTC to 3.125 BTC. Two recent adjustments tell the story clearly. On July 11, difficulty dropped 5%. On July 25, it fell another 0.74%. These followed a string of negative adjustments through June and July that collectively represent the third-steepest decline in the ASIC mining era.
Advertisement
Network hashrate has slid to approximately 868 EH/s by July 29.
Miners are selling and pivoting Public mining companies, including Hut 8, Core Scientific, and TeraWulf, sold over 32,000 BTC in the first quarter of 2026 alone just to keep the lights on. These are infrastructure-heavy businesses making calculated decisions that their operating costs exceed their revenue at current Bitcoin prices.
Many are repurposing their facilities, specifically their power contracts and cooling infrastructure, for artificial intelligence and high-performance computing workloads. Core Scientific has been among the most aggressive in this shift, having already begun converting significant capacity toward AI hosting.
Historical context matters The 2021 China ban wiped out roughly half of Bitcoin’s hashrate almost overnight. Within about six months, hashrate had fully recovered as miners set up operations in the US, Kazakhstan, and elsewhere.
This time, the decline isn’t driven by a single regulatory shock but by sustained economic pressure. Sub-$65,000 Bitcoin combined with post-halving economics has created a slow squeeze rather than a sudden crackdown.
What this means for the network and investors For Bitcoin as a protocol, declining difficulty is the system working as designed. The adjustment mechanism ensures that when miners leave, blocks keep getting produced roughly every ten minutes.
The 32,000 BTC sold by public miners in Q1 2026 represents a supply overhang the market has already had to absorb. Below $65,000, the pressure continues. A sustained move above that level could stabilize the remaining mining operations and slow the exodus.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy prodala 1 690 bitcoinů za téměř 109 milionů USD a výtěžek použila na zpětný odkup preferenčního produktu. Jde už o druhý prodej v tomto měsíci a čtvrtý od června.
Strategy just sold Bitcoin—again. The world’s foremost digital asset hoarder announced on Monday that it unloaded 1,690 Bitcoin, or nearly $109 million, using the proceeds to buy back one of its preferred-stock products rather than expanding its treasury. The sale comes seven weeks after Strategy made its last purchase, according to the company’s catalog of crypto transactions. After the announcement, Strategy’s shares fell 1.5% at market open but quickly rebounded to $100. Bitcoin’s price briefly dropped 1% before climbing back to $64,700, according to CoinGecko.
Monday’s sale marks the second time this month that Strategy has sold Bitcoin. On Aug. 3, the company sold roughly $105 million worth of the cryptocurrency. Since announcing in late June that it could sell up to $1.25 billion in Bitcoin to build its cash reserves, Strategy has now sold the asset on four separate occasions.
The sales mark a sharp shift for a company whose strategy has long centered on accumulating—not selling—Bitcoin. Michael Saylor, Strategy’s executive chairman, began adding the cryptocurrency to the balance sheet of his cybersecurity firm, then known as MicroStrategy, in 2020. The company’s holdings have since grown to roughly $54 billion, which represents about 4% of the total Bitcoin supply, according to the company’s own data.
Strategy has reversed course in recent months as Bitcoin’s price and the company’s own shares have declined. Since the Oct. 10 crash, which wiped out more than $19 billion in leveraged crypto positions, Bitcoin has fallen nearly 43% and MSTR shares have dropped almost 70%. Because Strategy traditionally funds its Bitcoin purchases by selling common and preferred stock and issuing convertible debt, it has moved to build up its dollar reserves to show investors it can meet its cash obligations even if markets remain volatile. Against that backdrop, CEO Phong Le praised the company’s latest Bitcoin sale.
“Our USD Reserve and Duration are now at all-time highs. In 2.5 months, we added nearly $3.8 billion and grew both more than 5X,” he said in a social media post.
Strategy is not alone in feeling the fallout from the broader crypto downturn. Over the past year, a wave of imitators loaded public-company balance sheets with cryptocurrencies in hopes of sparking stock rallies, but that trade has since soured. Solana-focused Solmate has lost nearly all of its value, saddling investors with steep paper losses, while Cantor Fitzgerald’s BSTR Bitcoin vehicle has struggled to keep its SPAC deal afloat amid waning investor appetite.
Fortune Daily breaks the traditional barrier between audience and newsroom. The show transforms Fortune’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here.
BlackRock Canada spustila dva ETF fondy, z nichž IBQT alokuje 3 % do Bitcoinu a 97 % do globálních akcií. Oba fondy začaly obchodovat na burze v Torontu.
BlackRock Canada launched two exchange-traded funds Monday, including a portfolio that combines globally diversified equities with a 3% allocation to Bitcoin.
The two funds, which began trading on the Toronto Stock Exchange, are the iShares Equity + Bitcoin ETF Portfolio (IBQT) and the iShares Core MSCI All-International Equity Index ETF (XINT).
IBQT allocates 97% of its portfolio to Canadian, US, international and emerging-market equities and 3% to Bitcoin (BTC) exposure through BlackRock’s Canadian iShares Bitcoin ETF (IBIT), which trades on Cboe Canada. Rather than investing in individual stocks, IBQT primarily holds other iShares ETFs to provide its equity and Bitcoin exposure.
XINT tracks the MSCI ACWI ex North America IMI Index, providing exposure to more than 5,000 companies across over 40 developed and emerging markets outside Canada and the US.
Both funds are managed by BlackRock Asset Management Canada through the RBC iShares alliance. BlackRock said its iShares business managed approximately $6.2 trillion in assets across more than 1,700 ETFs as of June 30.
The asset management giant’s US-listed iShares Bitcoin Trust (IBIT) is the largest US spot Bitcoin ETF by assets under management, with about $47.9 billion in AUM, according to CoinMarketCap data.
Top five US spot Bitcoin ETFs by AUM. Source: CoinMarketCap
Magazine: BIP-110 ends with a whimper, CLARITY vote punted: Hodler’s Digest, Aug. 9
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
BlackRock Canada spustila dva ETF na burze Toronto Stock Exchange, včetně iShares Equity + Bitcoin ETF Portfolio (IBQT) s 3% alokací do Bitcoinu. Druhý fond XINT sleduje index MSCI ACWI ex North America IMI Index.
BlackRock Canada launched two exchange-traded funds Monday, including a portfolio that combines globally diversified equities with a 3% allocation to Bitcoin.
The two funds, which began trading on the Toronto Stock Exchange, are the iShares Equity + Bitcoin ETF Portfolio (IBQT) and the iShares Core MSCI All-International Equity Index ETF (XINT).
IBQT allocates 97% of its portfolio to Canadian, US, international and emerging-market equities and 3% to Bitcoin (BTC) exposure through BlackRock’s Canadian iShares Bitcoin ETF (IBIT), which trades on Cboe Canada. Rather than investing in individual stocks, IBQT primarily holds other iShares ETFs to provide its equity and Bitcoin exposure.
XINT tracks the MSCI ACWI ex North America IMI Index, providing exposure to more than 5,000 companies across over 40 developed and emerging markets outside Canada and the US.
Both funds are managed by BlackRock Asset Management Canada through the RBC iShares alliance. BlackRock said its iShares business managed approximately $6.2 trillion in assets across more than 1,700 ETFs as of June 30.
The asset management giant’s US-listed iShares Bitcoin Trust (IBIT) is the largest US spot Bitcoin ETF by assets under management, with about $47.9 billion in AUM, according to CoinMarketCap data.
Top five US spot Bitcoin ETFs by AUM. Source: CoinMarketCap
Magazine: BIP-110 ends with a whimper, CLARITY vote punted: Hodler’s Digest, Aug. 9
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Robinhood rozšířil britskou aplikaci o více než 50 kryptoměn včetně Bitcoin, Ethereum, XRP a Hyperliquid. Současně spustil AI nástroj Cortex Digests for Crypto pro vysvětlování pohybů trhu.
Robinhood has expanded its UK investing app into crypto, giving eligible customers access to more than 50 digital assets while adding an AI-powered tool to explain market moves.
UK customers can now buy and sell more than 50 cryptocurrencies, including Bitcoin, Ethereum, XRP and Hyperliquid, through Robinhood’s main app. The service operates through Bitstamp UK, the crypto exchange Robinhood acquired for $200 million last year.
The company said there are no trading, custody or account maintenance fees. Customers will instead pay a 0.1% foreign exchange fee when converting currencies, while some weekend conversions carry a 0.3% fee.
The rollout follows Robinhood’s registration with the Financial Conduct Authority (FCA) on July 31. Bitstamp UK is also FCA-registered. Crypto assets held through the service are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.
Cortex brings AI into crypto tradingAlongside the trading launch, Robinhood is introducing Cortex Digests for Crypto. The generative AI feature reviews breaking news, market data, technical indicators and Robinhood’s own insights to explain what may be driving price movements.
The vision is to give users a simple market summary without making them dig through multiple sources.
Robinhood expands its crypto ecosystemThe company is also pushing its blockchain business through Robinhood Chain, a Layer 2 network built using Arbitrum technology. Robinhood said the network has recorded more than $18 billion in decentralized exchange trading volume and over $840 million in total value locked since its July 1 launch.
Developers, including those in the UK, can build applications on the network.
UK rules will tighten furtherRobinhood’s launch comes before the UK’s new crypto authorization regime. Applications are expected to open in September 2026, with the new framework scheduled to take effect in October 2027. Robinhood’s current FCA registration will not replace the authorization required under that future system.
The UK expansion also comes as Robinhood’s crypto transaction revenue fell 38% year over year to $100 million in Q2 2026. Still, total revenue rose 32% to $1.31 billion, while prediction-market revenue reached $156 million.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Ripple integroval XRP do firemních treasury procesů přes GTreasury, takže korporace mohou XRP držet, přijímat i spravovat přímo v systému. GTreasury loni zpracovala platby za 13 bilionů USD.
Corporate treasuries handle extensive volumes of cash management each year, and for the first time, XRP can now be managed directly within the same systems these teams use daily. This development is set to significantly expand XRP’s role in enterprise finance operations.
XRPL integration through GTreasuryGTreasury, a well-established treasury management platform serving more than 1,000 corporate clients across 160 countries, has integrated Ripple Treasury into its system. In 2025, these clients processed $13 trillion in payments through the platform. Ripple has enhanced this infrastructure by introducing Digital Asset Accounts, empowering corporate treasury departments to hold, receive, and manage XRP directly alongside traditional fiat currencies.
This workflow allows companies to transfer cash into Ripple Treasury, move funds into Digital Asset Accounts, convert balances into XRP, and manage these assets within their existing platforms. These capabilities enable connection to cross-border settlements, liquidity management, and tokenized asset functions. As a result, XRP becomes part of basic treasury management, no longer existing as a separate or external product.
Mini dictionary: GTreasury – A global treasury management system providing software for cash and liquidity management, payments, and risk management for corporations worldwide.
GTreasury and Ripple Prime will reportedly bring significant XRP usage to the corporate and institutional sectors in the coming months, with XRP’s role extending far beyond payments alone.
Ripple Prime expands institutional adoptionRipple Prime, the prime brokerage division of Ripple, now serves over 300 institutional clients with more than $3 trillion in annual clearing volume. Institutions can acquire XRP over-the-counter, include it in their portfolios, and employ it for margin structures. The broader strategy positions XRP not only for payments, but also as a bridge for liquidity, FX conversion, and cross-border settlement, while eliminating the need for pre-funded nostro accounts.
The combined use of GTreasury and Ripple Prime streamlines the transaction flow: fiat currency converts to XRP, moves cross-border over the XRP Ledger, and is then converted back to the required local fiat. This system maximizes settlement efficiency and provides 24/7 asset availability for high-volume institutional clients.
Mini dictionary: Nostro account – A bank account held by one bank in another bank in a foreign country, typically used to facilitate foreign exchange and international transactions.
Market expectations and growth forecastMarket analysts highlight this evolving use of XRP within both corporate and institutional finance as a core reason for potential future growth. Ripple Treasury targets the corporate segment, while Ripple Prime focuses on institutional clients, both leveraging XRP as a settlement, liquidity, collateral, and reserve asset through the XRP Ledger.
According to projections shared by industry commentators, XRP adoption is expected to follow a multi-stage trajectory through 2030. Key milestones include the rollout of Digital Asset Accounts, full-scale integration within treasury platforms, and rapid expansion of cross-border payment use cases. The vision for XRP ultimately involves its positioning as a global liquidity reserve asset for multinational transactions.
Product/DivisionTarget ClientsAnnual VolumeKey FeaturesRipple Treasury via GTreasuryCorporate (1,000+ clients, 160 countries)$13 trillionDigital Asset Accounts, direct XRP managementRipple PrimeInstitutional (300+ clients)$3 trillion clearingOTC XRP access, bridge liquidity, FX conversion“XRP isn’t just a crypto asset. It’s the future of global finance.” This statement serves as the summary for Ripple’s expansion thesis, underscoring the anticipated transformation in asset handling and settlement processes.
X Finance Bull, an online commentator focusing on financial technology, claimed that this integration and increased real-world utility are not yet fully reflected in current market prices for XRP. The emphasis is on practical adoption and the sizable financial flows already enabled by the updated platform infrastructure.
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.
Bitmine za uplynulý týden koupila 7 391 ETH za zhruba 14 milionů USD a drží 5 805 238 ETH. Hotovost a obchodovatelné cenné papíry klesly na 104 milionů USD.
In brief Bitmine bought 7,391 ETH over the past week, down from 10,399 the week before, taking holdings to 5,805,238 ETH. Total crypto, cash and "moonshot" holdings reached $11.6 billion, up from $11.3 billion. Cash and marketable securities fell to $104 million, from $482 million a month ago. Ethereum treasury company Bitmine Immersion Technologies said Monday it bought 7,391 ETH over the past week, worth about $14 million, taking its holdings to 5,805,238 ETH as of Friday evening. The company bought 10,399 ETH the week before.
Total crypto, cash and what the firm calls "moonshot" investments came to $11.6 billion, up from $11.3 billion. Most of that gain came from price, with ETH up 2.6% over the week to $1,928, adding around $280 million to the value of a stack that grew by $14 million in purchases.
🧵
1/
BitMine provided its latest holdings update for August 10, 2026
$11.6 billion in total crypto + "moonshots":
- 5,805,238 ETH at $1,928 per ETH per ETH (per @coinbase)
- 209 Bitcoin (BTC)
- $180 million stake in Beast Industries @MrBeast
- $69 million stake in Eightco…
— Bitmine (NYSE-BMNR) $ETH (@BitMNR) August 10, 2026
The firm's cash position continues to thin, with cash and marketable securities standing at $104 million, down from the $173 million it reported a week earlier and $482 million the company reported for July 12—a decline of 78% in a month. Alongside the ETH, Bitmine holds 209 Bitcoin, a $180 million stake in Beast Industries and $69 million of Eightco Holdings.
Bitmine repurchased 3 million shares over the week, down from 4.5 million, bringing the total to 19.1 million since July 1 under a $4 billion authorization. Chairman Tom Lee said the company "continues to view Bitmine's common shares as undervalued," and called the program the largest executed by any crypto treasury company.
Staking now covers 5,067,309 ETH, or 87% of holdings, up from 85% a week earlier. Lee put projected annualized staking revenue at $257 million, based on a seven-day yield of 2.63%.
The last 4%Bitmine's stack is 4.8% of Ethereum's 120.7 million supply, and the company again described itself as 96% of the way to its "Alchemy of 5%" target, the same figure it gave a week ago and the fifth straight week at 4.8%. Reaching 5% would take about 229,800 more ETH, or roughly 31 weeks at last week's rate.
The firm has bought ETH every week since starting the strategy on June 30, 2025. It picked up $214 million worth in June during a selloff Lee called "superficial," added $49 million in July on early demand for Robinhood Chain, then eased off later that month before passing 5.79 million ETH.
Lee said he was “disappointed” the Clarity Act would not reach a Senate vote before the August recess, but pointed to softer inflation and jobs data, putting the odds of a September Federal Reserve hike at 40%, down from 75% a fortnight ago. Those odds have since risen to 46%, according to CME FedWatch.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Intesa Sanpaolo ve 2. čtvrtletí prudce snížila podíl v Bitcoin ETF IBIT o 93,7 %, zatímco držbu staked Ethereum ETF ETHB zhruba ztrojnásobila. Největší krypto pozicí zůstává ARKB za 67,6 milionu USD.
Italy’s largest banking group, Intesa Sanpaolo (BIT: ISP), has executed a notable shift in its cryptocurrency-related exchange-traded fund portfolio during the second quarter of 2026. According to its latest quarterly disclosure submitted to US regulators, the institution substantially reduced its position in a major Bitcoin ETF while expanding its allocation to a staked Ethereum product.
The bank’s Form 13F filing, covering holdings as of June 30, 2026, reveals that its common-share stake in BlackRock’s iShares Bitcoin Trust (IBIT) declined by approximately 93.7 percent.
The position fell from 646,809 shares at the end of the prior quarter to just 40,723 shares.
The remaining IBIT holding was valued at roughly $1.36 million.
In parallel, the bank sharply curtailed its call options linked to the same ETF, reducing the underlying share equivalent by more than 99 percent to only 18,000 shares.
A new put option position covering 500,000 underlying IBIT shares also appeared in the filing, suggesting a more defensive posture toward Bitcoin.
In contrast, Intesa Sanpaolo significantly increased its exposure to BlackRock’s iShares Staked Ethereum Trust ETF (often referred to as ETHB). Holdings in this product roughly tripled, rising from 116,200 shares to 349,600 shares.
The position’s reported value grew to about $7.1 million from $3.15 million three months earlier.
This staked Ethereum ETF provides investors with price exposure to ether while also passing through staking rewards generated by the underlying network.
The bank did not abandon Bitcoin entirely.
It continued to maintain a substantial position in the ARK 21Shares Bitcoin ETF (ARKB), holding approximately 3.47 million shares valued at $67.6 million at quarter-end.
That stake experienced only a modest reduction of around 4 percent from the previous period and remained the institution’s largest reported crypto-linked holding by value.
Its position in the Grayscale XRP Trust stayed unchanged at 712,319 shares.
Meanwhile, exposure to the Bitwise Solana Staking ETF was nearly eliminated, dropping from 2,817 shares to just seven.
These portfolio adjustments occurred against a backdrop of declining cryptocurrency prices during the second quarter.
Bitcoin and ether both recorded notable losses over the period, and U.S. spot crypto ETFs experienced net outflows.
The selective reduction in one Bitcoin product alongside growth in a yield-bearing Ethereum vehicle may reflect institutional interest in assets that can generate ongoing returns through staking, rather than a complete retreat from digital assets.
Form 13F disclosures provide only a snapshot of long positions and certain options at quarter-end.
They do not detail trading activity throughout the period, net exposures after accounting for short options, strike prices, or expiration dates.
As a result, the precise overall strategy remains partially opaque.
Nevertheless, the reported changes offer a clear view of how one of Europe’s major banks adjusted its regulated crypto ETF allocations amid market volatility.The filing was submitted to the US Securities and Exchange Commission (SEC) on July 31, 2026.
Vitalik Buterin představil novou „Strawmap“ pro Ethereum zaměřenou na kvantovou bezpečnost, soukromí a AI pro ověřování kódu. Verkle trees označil za zastaralé a nahradil je novými konstrukcemi.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Ethereum co-founder Vitalik Buterin has presented a major update to the network's technological direction, radically changing its development priorities. The "Strawmap" he published eliminates the old six-phase roadmap — including the Merge, the Surge and others — and divides the blockchain's evolution into three architectural layers: consensus (CL), data (DL) and execution (EL).
The main marker of the new strategy is Ethereum's official shift toward protection against future quantum computers, comprehensive user privacy and the integration of AI tools for code verification, while abandoning several older technological ideas.
"Ethereum will be quantum-safe. Ethereum will put users' privacy first. Ethereum will be secure. Ethereum will be censorship-resistant. Ethereum will be highly performant and scalable while satisfying the above. And Ethereum will be Lean." — Vitalik Buterin
HOT Stories
What prompted the overhaul of the old Ethereum roadmapExpectations that powerful quantum computers could emerge soon have forced researchers to rewrite the security roadmap with the introduction of a post-quantum public-key registry and PQ transactions.
Buterin emphasized that the roadmap now includes "aggressive scaling in the context of post-quantum," involving lightweight LeanSPHINCS signatures and "zkzk" cryptographic frameworks.
To achieve this, developers have made difficult trade-offs: Verkle trees, which had been under development for years, have officially been declared obsolete. According to Buterin, some elements were "replaced with superior constructions."
Newly updated Ethereum "Strawmap" outlining the network's technical timeline across three layers, Source: Vitalik Buterin via X.comIn this case, Verkle trees gave way to Poseidon binary trees (PBTs), originally designed to work efficiently with the complex mathematics of STARK proofs.
You Might Also Like
Buterin acknowledged that previous roadmaps critically lacked built-in privacy tools and that the network now requires "first-class attention to strong privacy." Keyed nonces, elements of FOCIL, lean privacy pools and a "wormhole" architecture are being integrated into the protocol to make it possible to conduct fully shielded transfers directly at the network's base layer.
Why Ethereum's economics are changing and what exactly AI will controlInstead of attempting to "maximally scale ALL Ethereum activity," developers are creating specialized mechanisms that have more restrictive properties. They are intended to support "the heaviest loads incurred by users and applications today and tomorrow," including token transfers, fast swaps and privacy protocols.
The technical foundation of this approach will consist of recursive STARK proofs and native rollups, which could not even have been considered in 2023 because "SNARKs were nowhere near mature enough."
You Might Also Like
At the same time, Ethereum's economics are being reformed. Short- and long-term futures for gas and blobs have been added to the roadmap, with Buterin separately noting that this idea simply did not exist back in 2023.
This will allow major applications to purchase network capacity in advance at a fixed price, protecting users from sudden fee spikes.
The security of such a densely integrated architecture will be possible only through end-to-end formal verification (FV) of protocol specifications. Buterin plans to entrust this task entirely to modern AI tools, as the volume of code has already become too large for humans to verify on their own.
Cardano spouští Catalyst Pilot s fondem 2,5 milionu ADA pro 10 až 15 týmů; žádosti lze podávat do 20. srpna. Granty míří na oracle, stablecoiny, programovatelné tokeny a on-chain identitu.
Cardano’s Project Catalyst is back with a new funding round, and this time it’s wearing a different outfit. The “Catalyst Pilot” opened on August 6 and will close on August 20 at 06:00 UTC, offering a total pool of 2.5 million ADA split across 10 to 15 selected teams. Individual grants range from 50,000 to 200,000 ADA per project.
How the money flows Teams that get selected receive 40% of their grant upfront upon onboarding. The next tranche, up to 40% of the total, is tied to hitting usage targets within three months of deploying on mainnet. The final 20% is reserved for projects that demonstrate sustained adoption beyond that initial burst.
Advertisement
The top-performing projects can earn performance bonuses worth up to 50% of their original grant. So a team awarded 200,000 ADA could theoretically walk away with 300,000 ADA if their product gains real traction.
Proposals need to include detailed product strategies and usage plans, demonstrated through a short pitch video.
What Cardano wants built The pilot is targeting four specific integration themes. First, oracles. Second, stablecoins, specifically USDM and USDCx. Third, programmable tokens through CIP-0113. Fourth, on-chain identity via CIP-0170.
A strategic shift under Voltaire The Catalyst Pilot operates under the stewardship of the Cardano Foundation. By narrowing the scope to four specific technical areas and requiring mainnet deployment within three months, the program reflects a shift toward product-focused, usage-driven grants. Previous funding rounds, including Fund13, allocated approximately 46.5 million ADA across various initiatives. The Cardano treasury currently holds over $1 billion in ADA.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Neo X MainNet v0.6.2 přidává systémový kontrakt GovPaymaster pro lepší ERC-4337 a upravuje síťová pravidla. Upgrade z v0.6.1 je pro MainNet nody silně doporučen.
This patch release introduces several improvements to v0.6.1 and adds the new GovPaymaster system contract to improve the ERC-4337 user experience. Upgrading from v0.6.1 is highly recommended, especially for MainNet nodes.
Upgrade Instructions Follow the steps below to upgrade your node from v0.6.1 to v0.6.2:
Download the new binary from the release page.
Gracefully stop your node.
Replace the old binary with the new one.
Restart your node.
New Feature Add the GovPaymaster system contract and related network policy.
Behavior Changes Prevent rewards from being sent to validators using EIP-7702 delegation.
Extend the Blacklist Policy to EVM execution.
Improvements Improve hardfork listings in the node log.
Detach the extensible payload verifier from the dBFT engine.
Support optional rewind during genesis initialization.
If you have any questions regarding this upgrade, please reach out in our Discord community.
Please beware of scammers impersonating Neo via direct messages. Follow Neo for future updates.
Tether emitoval dalších 1 mld. USDT a poslal je do trezorové peněženky, čímž se celková nabídka blíží 189 mld. tokenů. Obíhající nabídka je zhruba 183 mld.
Tether printed another billion USDT on August 10, sending it straight to the Tether Treasury wallet. The transaction, logged on-chain and flagged by Whale Alert, represents the kind of nine-zero mint event that has become almost routine for the world’s largest stablecoin issuer.
With USDT’s total supply now approaching 189 billion tokens and circulating supply sitting at approximately 183 billion, this latest batch reinforces a pattern that has defined Tether’s operations throughout 2025 and 2026: mint big, mint often, and keep the shelves stocked before demand arrives.
What a treasury mint actually means When Tether mints USDT to its treasury, those tokens are “authorized but unissued.” The tokens sit idle until a verified customer deposits an equivalent amount of fiat, at which point Tether releases the corresponding USDT into circulation.
Advertisement
This is why the gap between total supply (roughly 189 billion) and circulating supply (roughly 183 billion) exists. That approximately 6 billion difference represents inventory, tokens minted but not yet distributed to end users. The latest billion-dollar batch simply adds to that buffer.
The frequency tells a story Throughout 2025 and into 2026, Tether has executed multiple large-scale issuances, typically in $1 billion increments. When Tether is regularly topping off its treasury, it typically means the company is seeing, or expects to see, sustained institutional demand for dollar-denominated stablecoin liquidity.
Q2 2026 attestation data backs this up. Tether reported approximately $184.6 billion in USDT issued and $1.5 billion in net operating profit for the quarter, generated primarily through the yield on its reserve assets, including US Treasury bills.
Tether’s dominance in context Recent attestations have highlighted over $4 billion in excess reserves, meaning Tether holds more in assets than it has USDT in circulation.
What this means for the broader market Traders and investors monitoring on-chain flows will want to track how quickly this latest billion moves from the treasury into active circulation. A fast drawdown would suggest strong immediate demand. A slow one would indicate Tether is simply padding its buffer for a rainy day.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
At the start of the new week, two major treasury transactions were recorded in the stablecoin market, clearly illustrating the division of digital capital into two parallel and non-overlapping directions.
According to on-chain tracker, Ripple carried out a scheduled issuance of $10 million in RLUSD stablecoins on the XRP Ledger. Almost simultaneously, Tether conducted a routine issuance of $1 billion in USDT on the Tron blockchain, increasing its treasury inventory on the network to $91 billion.
The difference in volume is explained by the fundamentally different business models of the two issuers.
HOT Stories
You Might Also Like
With its enormous turnover, Tether serves the needs of the mass retail market and crypto trading, where immediate access to deep liquidity is critical.
Fresh $10 million RLUSD mint on XRP Ledger (XRPL) by Ripple, Source: XRP ScanRipple, in turn, is not attempting to compete in the mass-market segment. RLUSD currently has a market capitalization of $1.52 billion, approximately 20% below its May peaks, while the token is issued selectively to meet specific B2B requests from commercial companies through the Ripple Mint platform.
Whales defend $1 XRP floor as Ripple injects fresh capitalThe latest $10 million mint coincided with a major increase in large-investor activity on the spot market. While Ripple's treasury regulates the stablecoin's supply under NYDFS supervision, large holders, or whales, began aggressively moving funds and accumulated more than 380 million XRP over the past week.
These maneuvers unfolded around the psychologically important $1 level for XRP, which major players are defending as a key support level.
You Might Also Like
Ultimately, these developments reflect the current status quo. While Tether retains its position as the main settlement instrument in retail crypto transactions, Ripple is testing its B2B product within the narrow corporate payments niche and undergoing technical adaptation as large investors build positions ahead of a potential breakout from the market's prolonged summer consolidation.
Coinsbuy při koordinovaném útoku na TRON a Ethereum přišla o 8,07 milionu USD. Burza uvedla, že incident je pod kontrolou a všechny zasažené částky pokryla z vlastních rezerv.
Crypto exchange Coinsbuy hacked for $8 million (Boitumelo/Unsplash)Summary
An attacker drained $8.07 million from Coinsbuy across TRON and Ethereum in under an hour on Aug. 9, with blockchain researchers linking both chains into a single operation via cross-chain swapper Bridgers.Roughly 79% of stolen funds moved through instant exchange FixedFloat across 50 single-use addresses. ChangeNOW froze a six-figure sum, and approximately $542,000 in ETH has not moved.Coinsbuy refilled the drained wallets within 24 hours, suggesting private keys were not compromised, but the exchange has not explained how the withdrawal path was accessed.Crypto exchange Coinsbuy lost more than $8 million in a coordinated attack across TRON and Ethereum on Aug. 9, according to onchain data reviewed by blockchain security researchers.
The attacker began with a 5 USDT transaction before draining eight TRON wallets of 6.04 million of the dollar-pegged stablecoin in about an hour. On Ethereum, three wallets were simultaneously emptied of 1.89 million USDT and 77 ETH, which was swapped to ETH via 1inch through a wallet created the same day.
Onchain records show the two chains were linked through cross-chain swapper Bridgers, whose Ethereum payout contract sent funds directly into the Ethereum swap wallet, connecting what appeared to be separate operations into a single incident.
The attacker routed some 79% of the stolen funds through instant exchange FixedFloat using roughly 50 single-use addresses. ChangeNOW separately froze a six-figure sum after being contacted by Specter Investigations.
Around 282 ETH, roughly $542,000, across five addresses remains unmoved.
Within 24 hours, Coinsbuy refilled the drained wallets to within 0.05% of their pre-attack balances — behavior researchers say indicates the team does not believe private keys were compromised. The attack vector has not been established.
Coinsbuy told CoinDesk that the incident has been “contained” and that “all affected amounts have been covered in full by the company from its own reserves.”
The company added: “No client has borne any loss. The platform is stable and operating normally. Investigation is underway, and we cannot disclose further technical details at this stage.”
The incident adds to an increasingly costly year for the industry, which had already seen roughly $972 million stolen across the sector through late July.
Additional reporting by Ollie Acuna.
UPDATE, Aug 10, 12:43 UTC: Adds comment from Coinsbuy.
12345678910
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.
Standard Chartered zahájila pokrytí Chainlink a stanovila cílovou cenu pro LINK na 200 USD do konce roku 2030. Banka zároveň vidí pro Uniswap cílovou cenu 100 USD.
Standard Chartered, a leading multinational bank based in London, has launched coverage on Chainlink, setting an ambitious price target of $200 for LINK by the end of 2030. The bank expects this forecast to significantly outperform both Bitcoin and Ethereum over the same period. LINK was trading near $8.25 on Monday, reflecting a projected 25-fold increase if the target is met.
Chainlink targets and market insightsGeoff Kendrick, Standard Chartered’s global head of digital assets research, provided a series of price milestones for LINK in a research note. Kendrick’s roadmap projects LINK to reach $13 by the close of this year, and then hit interim targets of $41, $82, and $133, before landing at $200 by 2030. For comparison, the same note plots Bitcoin at $500,000 and Ethereum at $40,000 for the end of the decade.
Kendrick anticipates a notable expansion of asset tokenization, forecasting that the on-chain value of tokenized assets will rise from roughly $340 billion now to $4 trillion by late 2028. He further projects that assets deployed in decentralized finance (DeFi) will surge 37-fold, reaching $2.7 trillion by 2030.
According to the bank, Chainlink’s revenue model benefits directly from the growth of tokenized and DeFi assets. As Chainlink charges for transmitting data and facilitating asset transfers across blockchains, Standard Chartered estimates its fee volume could climb 25 times from current levels, with token prices assumed to track fee growth.
Chainlink currently secures over $110 billion in total value, covering about 70% of all oracle-dependent DeFi value globally and more than 80% on Ethereum. Aave V3 accounts for 44% of this secured value alone.
Standard Chartered also highlights Chainlink’s wide-ranging partnerships, citing major institutions such as Swift, DTCC, Euroclear, JP Morgan, Mastercard, UBS, Fidelity, and S&P Global. The bank expects that business from off-chain clients—like tokenized funds and bonds requiring net asset values, rates, and attestations—will make up a growing share of Chainlink’s fee revenues in the future.
Mini dictionary: Chainlink is a decentralized oracle network that supplies real-world data to blockchains and facilitates secure communication between different blockchain platforms. Oracles are essential for DeFi and tokenized asset markets to function.
Competition and security concernsDespite its strong position, Chainlink faces competition in blockchain interoperability. Kendrick’s report notes that Chainlink is currently outpaced by LayerZero in interoperability functions. However, more than $7 billion in token value has moved from older bridges to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) since a $292 million exploit was reported in April. In the second quarter, CCIP’s transaction volume reached $4.9 billion—a 353% year-on-year increase.
Tensions remain between LayerZero and Chainlink in the wake of last April’s exploit. Following the incident, KelpDAO said it would transition from LayerZero to Chainlink, though LayerZero contests the claim that its protocol was responsible for the loss.
MetricCurrent2030 TargetLINK price$8.25$200Bitcoin price~$68,500*$500,000Ethereum price~$3,600*$40,000Tokenized assets on-chain$340 billion$4 trillionAssets deployed in DeFiN/A$2.7 trillion*Current BTC and ETH prices approximated, as not specified in news.
Uniswap and DeFi surge on bullish forecastsThe coverage has driven renewed bullish sentiment in DeFi. Uniswap’s governance token, UNI, climbed to a local high of $3.70 in the past day, marking a gain of nearly 20%. UNI is now trading at $3.63, up about 48% on the week, and pushing Uniswap’s total market capitalization to $2.26 billion on daily trading volumes near $864 million.
Standard Chartered’s optimism has focused not only on Chainlink but also on leading DeFi protocols. Kendrick’s June note outlined $100 price targets for Uniswap, $3,500 for Aave, and $60 for Morpho, all underpinned by his model projecting a 37-fold growth in assets deployed in DeFi by 2030. While LINK’s response has been muted, UNI rallied sharply following the release of the report.
Risks identified include the possibility that institutional tokenization scales up more slowly than anticipated, pilot projects struggle to transition to recurring processes, specialist competitors capture market share, and unforeseen technical failures undermine trust.
At present, investor optimism has buoyed select DeFi assets as markets digest new targets and growth forecasts.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Chiliz rozšířil brazilské Fan Tokeny na Solanu, kde jsou nově dostupné tokeny Flamengo, Palmeiras, Fluminense, Vasco da Gama a São Paulo FC. Přes LayerZero lze stejné tokeny přesouvat mezi Solanou, Base a Chiliz Chain.
Fast transactions. Minimal fees. Your favourite Brazilian teams.
Five of Brazilian football’s biggest clubs have become accessible on the Solana network for the first time, as Chiliz extends its omnichain reach to offer fans a faster, lower-cost route into Brazilian football’s largest fan communities.
The launch brings Flamengo ($MENGO), Palmeiras ($VERDAO), Fluminense ($FLU), Vasco da Gama ($VASCO) and São Paulo FC ($SPFC) to wallets and decentralised applications across the Solana ecosystem.
Each remains part of the same unified Fan Token supply available across supported chains, with LayerZero powering transfers between Solana, Base and Chiliz Chain.
What’s new? Five Brazilian Fan Tokens on Solana: Flamengo ($MENGO), Palmeiras ($VERDAO), Fluminense ($FLU), Vasco da Gama ($VASCO) and São Paulo FC ($SPFC).
Low-cost network activity: Solana transactions normally cost well below one cent, although fees vary according to transaction complexity and network demand.
Unified cross-chain supply: LayerZero’s Omnichain Fungible Token standard allows the same official assets to move between supported networks without creating separate wrapped copies.
Why Solana? Solana combines sub-second block times with low transaction fees and an established DeFi ecosystem. This makes it easier for existing Solana users to discover, hold and trade Fan Tokens through compatible wallets and applications.
Chiliz Chain remains the absolute foundational layer for Fan Tokens and their sports-linked utility. Solana expands distribution, placing the assets in an ecosystem already used by a large global community of on-chain traders.
How can I get started? Set up or open a compatible Solana wallet. Store the recovery phrase securely and never share it. Add SOL for network fees. You may also need the quote asset used by the available trading pair. Open the approved Brazilian Fan Token trading page. Connect the wallet only after checking the URL. Choose one of the five Brazilian Fan Tokens. Verify the official Solana mint, review the price impact and minimum received, then confirm the swap. Trade responsibly Fan Tokens are volatile crypto-assets. Prices can move sharply, and liquidity differs by token, pool and time. Always check the official mint address, full transaction details and estimated price impact before signing. Keep private keys offline, use only approved links and consider testing unfamiliar routes with a small transaction first.
This marketing communication is provided for informational purposes only and does not constitute investment advice, nor is it an offer or invitation to purchase any digital assets. Past performance is no indication of future results. Investing in crypto-assets carries risks, and may not be suitable for all investors. You could sustain a loss of some or all of your investment. Crypto-assets are complex instruments and are subject to extreme volatility. Make sure to conduct your own research before making any investment.
Solana po průlomu pětitýdenního klesajícího kanálu vzrostla téměř o 7 % z minima ze 7. srpna. Další rezistence je na úrovni 78 dolarů, s možným cílem kolem 83 dolarů.
Solana price rallied nearly 7% from its Aug. 7 low, breaking a five-week descending channel as proposed supply changes and institutional adoption renewed demand for SOL.
Summary
Solana price rose from $72.49 to $77.36, breaking above a five-week descending channel. 4-hour Supertrend support flipped bullish at $75.02, strengthening the breakout structure. Liquidation clusters at $78 and $80 could accelerate gains if buyers maintain control. Daily momentum remains mixed, leaving $74–$75 as the main breakout invalidation zone. According to data from crypto.news, Solana (SOL) price traded around $76.93 on Aug. 10, up nearly 7% from its Aug. 7 low of $72.49. The recovery pushed SOL through the upper boundary of a descending channel that had controlled its price since early July.
The 4-hour chart shows that SOL first reclaimed $74.30 before breaking the channel near $75. The price then climbed to an intraday high of $77.36, where buyers encountered initial resistance.
Solana price 4-hour chart — Aug. 10 | Source: crypto.news Trading volume expanded during the breakout, while the bull-bear power indicator rose to 1.23. A positive reading indicates that buyers currently have more short-term control than sellers.
The Supertrend indicator has also flipped below the market and now provides dynamic support at $75.02. Holding above this level would keep the 4-hour structure bullish and could turn the former channel resistance into support.
Crypto analyst Dami-Defi identified the same structural change in an Aug. 10 post on X.
“SOL just broke a five-week downtrend,” the analyst said.
The breakout does not yet confirm a broader trend reversal, however. SOL remains well below its May swing high near $97 and its January peak above $145.
What is driving the SOL recovery? The rally coincided with growing validator support for two proposals designed to reduce Solana’s future supply growth.
SIMD-0550 would increase the annual disinflation rate from 15% to 30%, bringing the network toward its terminal inflation rate faster. SIMD-0553 would introduce resource-based transaction fees and could raise daily SOL burns from about 650 tokens to between 7,500 and 9,000.
The formal governance process is expected to run through Aug. 18. The proposals remain subject to validator approval, meaning their projected supply effects are not guaranteed. Solana’s governance forum describes SIMD-0550 as a doubling of the pace at which inflation declines.
Institutional developments have added another source of demand. BlackRock recently unveiled its Daily Reinvestment Stablecoin Reserve Vehicle, which can record fund ownership across several public blockchains, including Solana. The product holds cash, short-term U.S. Treasuries and repurchase agreements rather than SOL itself.
Western Union has also expanded its use of the network. Its USDPT stablecoin is issued on Solana by federally regulated Anchorage Digital Bank, while a related Stablecard product launched across 37 markets. Western Union formally launched USDPT on Solana in May.
These developments do not directly require institutions to purchase SOL in large amounts. They do, however, strengthen Solana’s case as infrastructure for regulated funds and dollar-based payments.
SOL targets $78 liquidity before $80 The three-day liquidation heatmap shows the nearest concentration of leveraged positions around $77.80–$78.20. This zone matches the next horizontal resistance visible on the 4-hour chart.
Solana liquidation chart | Source: CoinGlass A break above $78 could trigger another round of short liquidations and open a move toward $80. The upper section of the former channel and previous July swing levels place the next larger resistance between $82 and $84.
Dami-Defi’s chart projects a possible move toward $83 if SOL successfully retests the broken trendline.
Michaël van de Poppe offered a more ambitious longer-term outlook. In an Aug. 10 market update, he said SOL had formed a higher low against Bitcoin and forecast a possible recovery toward $100–$120.
A deep correction on $SOL vs. $BTC.
However, the recent push upwards is a strong signal on why you should be buying after these corrections have been taking place.
It's up 5% since the test of this region and I think that we're going to see a stronger move upwards on $SOL.
— Michaël van de Poppe (@CryptoMichNL) August 10, 2026 That target would require SOL to reclaim several resistance zones that are not visible in the current short-term breakout. The first tests remain $78, $80, and $83.
Daily Solana chart still needs confirmation SOL’s daily chart is improving, although it has not produced a fully confirmed bullish reversal.
Solana price daily chart — Aug. 10 | Source: crypto.news The price has moved above the Ichimoku conversion line at $74.89 and the baseline at $74.73. SOL is also attempting to clear the upper edge of the cloud around $76.93, making the current area an important daily closing level.
A sustained close above the cloud would strengthen the case for a move toward $80–$84. Rejection near $77, however, could send SOL back to test the Ichimoku cluster between $74.73 and $74.89.
The Awesome Oscillator remains slightly negative at -0.46. Its red bars have contracted and the indicator is moving toward zero, suggesting bearish momentum is fading but has not yet reversed completely.
Liquidation data reinforces the downside levels. Large long-liquidation concentrations sit around $75.70, $75.10 and $72.80. If SOL loses $75, forced selling could pull the price toward $73 before buyers regain control.
US developments remain a key SOL catalyst Solana’s institutional adoption has become increasingly tied to regulated U.S. financial infrastructure. BlackRock’s fund structure involves tokenized ownership of Treasury-backed assets, while Western Union’s USDPT is issued by a U.S. federally chartered crypto bank.
The next network catalyst is the planned Alpenglow rollout. The upgrade aims to reduce transaction finality from about 12.8 seconds to between 100 and 150 milliseconds, with implementation expected in stages between August and October if testing proceeds as planned.
For now, SOL’s 4-hour breakout favors buyers while the price remains above $75. A daily close above $78 would provide stronger confirmation and shift focus toward $80–$84. Losing $74 would place the breakout at risk and reopen the path toward $72.80.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Solstice Finance spustila na Solaně strcUSX, první tokenizovaný produkt s on-chain expozicí na STRC od Strategy. Produkt cílí na dividendový výnos kolem 12 % ročně.
Strategy Inc.’s preferred stock just got the DeFi treatment. Solstice Finance has launched strcUSX, a tokenized product that gives Solana users on-chain exposure to STRC, the Nasdaq-listed perpetual preferred stock issued by the company formerly known as MicroStrategy. It’s the first time this particular flavor of institutional yield has landed on Solana.
The product works through Solstice’s YieldVault system, where users deposit USX, the protocol’s settlement asset, to mint strcUSX. That token then represents structured credit yields tied to STRC’s dividend payments, which currently sit at roughly 12% annualized and get distributed semi-monthly.
How the yield machine works STRC is not your average preferred stock. It’s a high-yield equity instrument backed by a company that has made buying Bitcoin its entire corporate identity. Strategy uses proceeds from STRC sales to bulk up its Bitcoin holdings, which means the dividends flowing to strcUSX holders are ultimately underpinned by a corporate balance sheet stuffed with BTC.
Solstice doesn’t just offer a flat yield product, though. The protocol has built tranched options into the system, letting users choose their own adventure on the risk spectrum. The protected tranche, called srUSX, targets around 8% APY with downside cushioning. The amplified tranche, jrUSX, shoots for approximately 29% APY, carrying proportionally more risk.
Advertisement
The effective yield on STRC itself fluctuates with its trading price relative to par value. STRC has been trading near $95 against a $100 par, which pushes the effective dividend yield above the stated rate. Solstice’s dividend rate for August 2026 has been set at an annualized 12%, though that number adjusts as market conditions shift.
From delta-neutral to real-world assets This launch represents a meaningful strategic pivot for Solstice Finance. The protocol, which operates under Solstice Labs as part of Deus X Enterprise, previously built its reputation on eUSX, a delta-neutral yield product.
Solstice’s growth trajectory suggests the market has an appetite for this kind of product. The protocol’s public launch on September 30, 2025 started with total value locked exceeding $160 million. That figure has since climbed past $400 million, backed primarily by institutional investors.
The governance and utility token for the ecosystem is called SLX, which plays into the broader Solstice platform alongside the USX and YieldVault infrastructure.
Why this matters for Solana’s DeFi landscape That said, the decorrelation isn’t complete. Strategy’s balance sheet is dominated by Bitcoin, so a severe crypto downturn could pressure the company’s ability to sustain dividend payments. It’s a TradFi wrapper around a fundamentally crypto-correlated asset, which creates an interesting risk profile that investors should understand before jumping in.
Execution risks remain real. The protocol relies on institutional custodial services to manage the underlying STRC exposure, and dividend distribution mechanics need to continuously adjust based on STRC’s trading price. If the preferred stock drifts significantly from par value, the economics of the tranched products could shift in ways that make the amplified yields less attractive or the protected yields less protected.
The strcUSX product is still in its rollout phase, with community discussions suggesting broader availability is imminent.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Jupiter spouští Lend v2, kde mohou vklady i vypůjčené pozice zároveň vydělávat úrok a podíl ze swapových poplatků ze stejného kapitálu.
Nové Smart Collateral a Smart Debt jsou zatím volitelné.
Solana lending giant Jupiter now lets the same dollar earn twice. (Live Richer/Unsplash/Modified by CoinDesk)Summary
Jupiter’s Lend v2, introduced Monday, allows deposits and borrowed positions to double as trading liquidity so users can earn both lending interest and a share of swap fees from the same capital.The product introduces optional Smart Collateral and Smart Debt features that automatically pair assets into correlated liquidity pools, boosting yields for depositors and offsetting borrowing costs when traders route swaps through those pools.While borrowers in correlated pools are protected if one stablecoin depegs, collateral providers bear the loss on either asset, a risk Jupiter seeks to limit by confining the design to stablecoin pairs and SOL versus its staked versions.Solana decentralized-lending giant Jupiter rolls out its new Lend version 2 (v2) product on Monday, allowing deposits and borrowed positions to simultaneously act as trading liquidity so the same dollar earns interest as a loan and a share of swap fees.
Jupiter Lend holds about $1.9 billion in deposits, according to DefiLlama data, and generated $1.6 million in fees over the past 30 days, or roughly 1% a year on the capital sitting there before any split with the protocol.
Active loans stand at $822.7 million and have fluctuated between $600 million and $900 million since September, Token Terminal data show. Deposits and loans have both slipped over the past month.
(Token Terminal)The new version of Lend introduces two features, both optional.
Smart Collateral lets a deposit of USDC, USDT, SOL or JupSOL be paired automatically into a correlated liquidity pool. That allows the assets to earn yield on any loans while gaining trading fees and, where applicable, staking rewards from one position. Smart Debt does the same for borrowed assets, so fees generated by a debt position offset the cost of the loan. Users who want ordinary lending can ignore both.
The extra yield exists only if traders actually swap through those pools, which means Jupiter not only runs Solana's largest swap router, the software most wallets and apps use to find the best price across venues, but it also owns pools that need that flow to arrive.
The company told CoinDesk the router does not favor its own vaults and sends swaps wherever the price is best.
The risk of pairing assets falls unevenly, however. Jupiter said margin is valued using primary market oracles, or data providers, so a temporary price wobble on an exchange does not trigger anything, and a position liquidates as normal once its loan-to-value ratio passes the threshold.
A genuine depeg is different. On the debt side the borrower is protected — someone borrowing $100 split between USDC and USDT would see the pool rebalance into whichever asset held its value and still owe $100. On the collateral side there is no such protection, and a supplier carries the loss on both assets if either breaks.
That is why the design is confined to correlated pairs, stablecoins against each other and SOL against its staked versions, rather than volatile assets.
"There's been a wall between the two primary ways people earn APY onchain, lending and LPing," said Kash Dhanda, Jupiter's chief operating officer, referring to lending and supplying liquidity to exchanges.
The design lets Jupiter offer higher deposit rates and cheaper borrowing, he said, and terms improve as the vaults attract more trading. "It is not about just serving existing loans, but providing efficiency to grow the entire market."
Jupiter said it expects a mix of new loans and migrated positions, without giving a target or a cap. A protocol whose loan book has not grown in a year now has a product that pays more, and the next 30 days of active loans will show whether yield was the thing holding it back.
12345678910
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.
FUNToken has officially launched the FUNToken LayerZero Bridge, enabling users to seamlessly move $FUN across multiple blockchain networks. As part of this launch, users can now bridge their $FUN tokens to HyperEVM and opBNB, unlocking greater flexibility and expanding access to the growing FUNToken ecosystem.
Powered by LayerZero, the bridge allows users to move $FUN across supported chains quickly, securely, and efficiently, making it easier than ever to participate in the ecosystem wherever they choose.
A More Connected Multi-Chain Ecosystem The launch of the FUNToken LayerZero Bridge marks another important milestone in FUNToken’s commitment to creating a more accessible and interoperable ecosystem.
By supporting both HyperEVM and opBNB, users can now choose the network that best suits their needs while continuing to use the same $FUN token across multiple environments.
Key benefits include:
Seamless bridging powered by LayerZero Support for HyperEVM and opBNB Fast and secure cross-chain transfers A unified multi-chain $FUN ecosystem Why HyperEVM? FUNToken has expanded to HyperEVM as part of its strategy to strengthen its presence within the Hyperliquid ecosystem.
With Hyperliquid continuing to attract significant attention from traders, bridging to HyperEVM provides the foundation for broader ecosystem participation while supporting FUNToken’s long-term objective of increas ing accessibility and liquidity ahead of its planned Hyperliquid listing.
This expansion makes it easier for both existing and new users within the Hyperliquid ecosystem to access and interact with $FUN.
Why opBNB? The expansion to opBNB is focused on delivering the best possible decentralized gaming experience.
FUNToken’s growing gaming ecosystem benefits from infrastructure that offers high throughput, fast transaction confirmations, and extremely low network costs. By supporting opBNB, players can enjoy smoother gameplay with near-instant transactions and minimal friction.
As more games, rewards, and on-chain interactions become available, opBNB provides the performance needed to power a fast, scalable, and decentralized gaming ecosystem.
Building the Future of $FUN The LayerZero Bridge is more than a technical integration, it’s a key step in FUNToken’s long-term multi-chain strategy.
By connecting multiple blockchain ecosystems, FUNToken is creating greater accessibility for traders, gamers, and community members while laying the groundwork for future ecosystem growth.
As the platform continues to evolve, users can expect additional integrations, expanded utility, and new opportunities to engage with the $FUN ecosystem across multiple chains.
Bridge today and experience the future of the multi-chain $FUN ecosystem.
About FUNToken FUNToken is the utility token powering a rapidly expanding ecosystem focused on gaming, digital rewards, and blockchain innovation. With a growing range of products, multi-chain support, staking, and seamless wallet integrations, FUNToken continues to expand its utility while making it easier for users to participate across multiple blockchain ecosystems.
Committed to accessibility, innovation, and long-term ecosystem growth, FUNToken is building a connected multi-chain future where users can seamlessly engage, transact, and unlock new opportunities with $FUN.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Yield trading protocol Pendle has expanded onto the Monad blockchain with srUSDat, the senior tranche of Saturn’s structured credit stack, now available as fixed-yield markets for on-chain investors.
The launch happened around June 19, 2026, and the market responded immediately. Pendle crossed $51 million in Total Value Locked within ten days, racked up $22 million in trading volume in the first week alone, and has since climbed past $111 million in TVL, placing it among the top protocols on the Monad chain.
What srUSDat actually is srUSDat is the senior slice of Saturn’s USDat and sUSDat yield-bearing token system. Senior tranche investors receive fixed yields and retain principal protection until the junior tranche has absorbed losses entirely.
Advertisement
The underlying exposure runs through STRC, which represents Strategy’s cumulative perpetual preferred equity. That connects the yield to Bitcoin-related corporate credit, a real-world asset category. Pendle’s tokenization of this exposure gives on-chain users a way to access that yield stream without navigating traditional brokerage infrastructure.
Current pool rates reflect the senior tranche’s risk profile. Live srUSDat and sUSDat pools on Pendle show fixed APYs around 15.54% on a 160-day sUSDat maturity, with broader market options showing fixed yields in the 13-15% range across pools maturing in August 2026 and January 2027.
Pendle’s Monad expansion in context Pendle’s core mechanic splits any yield-bearing token into two components: a Principal Token, which trades like a zero-coupon bond and can be redeemed at face value at maturity, and a Yield Token, which captures all the floating yield upside. This split lets one investor lock in a fixed rate while another speculates on yield movements, and both trade freely in Pendle’s automated market maker.
Saturn has added incentives to deepen liquidity. The protocol rolled out double points for participants in Pendle’s USDat and sUSDat markets on Monad during August 4 through 13, 2026, alongside MON token rewards targeted specifically at Yield Token positions.
Users interacting with these markets have multiple strategic options. Liquidity providers can deposit into the pool and earn trading fees plus the incentive stack. Yield Token buyers take on leveraged exposure to rate movements. Principal Token buyers lock in the fixed rate. Each strategy appeals to a different risk tolerance without requiring any of them to leave the on-chain environment.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hyperliquid má open interest na nových maximech, ale příjmy podporující token HYPE klesají už čtyři čtvrtletí kvůli sdílení poplatků s externími vývojáři. RWA perpetuals sice táhnou aktivitu, část výnosů ale odtéká mimo protokol.
The numbers don’t line up the way they used to. Hyperliquid’s open interest has climbed to fresh highs, but the revenue that backs its HYPE token has dropped for four consecutive quarters. The culprit is a deliberate strategic choice: a fee-sharing program that shunts half the platform’s volume—and the fees that come with it—to outside builders. It is a tradeoff that worked for growth but is now thinning the direct income stream that market participants once took for granted.
According to the original report, the gap between surging activity and shrinking revenue traces back to a program that incentivizes third-party developers to route volume through the exchange. This approach has undoubtedly helped Hyperliquid lock in market share, especially in the increasingly crowded market for crypto perpetuals. But it has introduced a direct friction between volume metrics and the bottom line. The exchange’s own earnings—and by extension the value accrual mechanism for HYPE—are getting diluted at the very moment the platform looks busiest.
The rise of real-world asset perpetuals on Hyperliquid adds another layer. Traders have flocked to the synthetic exposure RWA perps offer, pushing open interest to records. But much of that volume now migrates through external integrations that claim their share of fees before any revenue touches the protocol’s treasury. The fee-sharing split is designed to be generous enough that builders prefer Hyperliquid over competing venues, but it means the platform’s own cut shrinks in real time. At a time when real-world asset tokenization is booming and attracting institutional capital, that tradeoff is especially visible.
Hyperliquid’s model is not an isolated case. Derivatives exchanges across DeFi have been wrestling with how to balance volume incentives against revenue that can be returned to token holders or used for protocol buybacks. Many platforms have chosen short-term volume sops that eventually force a reckoning. Hyperliquid is simply hitting that tension earlier than expected. The fee split doesn’t just lower current earnings; it also introduces uncertainty about what a normalized revenue level might look like if and when the incentives are dialed back. Market participants who value HYPE based on platform income are now trying to price that unknown.
A Structural Gap, Not a Cyclical One The decline in revenue isn’t a product of falling trading interest. It’s a direct consequence of the protocol’s architecture for attracting order flow. More volume doesn’t automatically translate into more protocol-level value when half of it is never captured in the first place. The open interest figures can create a misleading picture of platform health if they are read in isolation.
Revenue that once fed token burns, staking rewards, or buybacks is now being siphoned into an ecosystem of external developers. That ecosystem may strengthen the broader Hyperliquid network, but it doesn’t strengthen the token’s direct cash-flow story in the same way. This is similar to the kind of tension that has appeared on other fee-sharing exchanges, where the market eventually demands clarity on whether volume incentives are a temporary growth hack or a permanent feature.
What HYPE Holders Are Missing The expectation that platform revenue accrues to the token is a powerful narrative in DeFi, and it has been central to HYPE’s value proposition. When that link weakens, the fundamental story shifts. Traders and token holders who bought into HYPE partly on the thesis that rising volumes would boost its real yield now face a more complicated reality. The volume is there; the yield is not.
In decentralized perps markets, liquidity and composability often attract an initial wave of users, but sustained token demand depends on more than just headline metrics. If the fee-sharing program remains the default, HYPE’s economic model may need to be rethought. It’s not just about a few quarters of declining revenue—it’s about whether the current growth path can ever restore a direct line from user activity to token value without disrupting the developer incentives that got it there in the first place. As the uncertain regulatory outlook for decentralized derivatives platforms continues to complicate long-term planning, the margin to recalibrate economic models becomes narrower.
The RWA Perpetuals Wildcard Hyperliquid’s RWA perpetuals market is still nascent, but its speed of adoption has outpaced the platform’s ability to capture value from it. The flood of new users trading tokenized commodity and equity exposure has been a gift for growth, yet the beneficiary has been the broader funnel of builders rather than the protocol treasury. That could change if the fee-sharing terms are eventually adjusted, but any adjustment would need to be calibrated carefully to avoid pushing volume toward competitors who are ready to offer equally attractive splits.
What’s left is a question of market structure. Can a venue reliant on external developers to drive order flow ever capture enough native revenue to satisfy token holders who demand both growth and value capture? Hyperliquid’s four-quarter revenue slide suggests that the market isn’t sure. The coming quarters will test whether the protocol can shift its economic levers without losing the volume that made it a contender. For now, the gap between open interest and income is the one number that truly matters.
AUTHOR
Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.
Pump.fun čeká 12. srpna 2026 odblokování 6,875 miliardy PUMP pro tým a rané investory. Jde asi o 0,69 % fixní nabídky a tržní hodnota činí 10 až 16 milionů USD.
Pump.fun, the Solana-based memecoin launchpad that turned degeneracy into a business model, is staring down a token unlock that has investors doing some uncomfortable math. Approximately 6.875 billion PUMP tokens are scheduled to hit the market on August 12, 2026, split between the development team and early investors.
The unlock represents roughly 0.69% of PUMP’s total fixed supply of 1 trillion tokens, valued somewhere between $10 million and $16 million at current price levels.
The unlock mechanics and what’s behind them Of the 6.875 billion tokens set to unlock, approximately 4.17 billion are allocated to the development team and nearly 2.71 billion to existing investors. The release follows a structured vesting schedule that includes a 12-month cliff period ending in July 2026, after which tokens begin flowing on a three-year linear release cycle.
Advertisement
This August unlock is actually a follow-up act to a much larger event. In July 2026, roughly 82.5 billion PUMP tokens are slated for distribution among team members and investors. That’s more than ten times the size of the August tranche, meaning the market will have already digested a substantial supply increase before this next batch arrives.
The revenue model that’s losing its shine Pump.fun generates revenue primarily through two channels: a roughly 1% fee on bonding-curve trades and fees charged when tokens “graduate” from the platform’s launch mechanism to open trading. This revenue has historically been substantial, with the platform reporting figures in the hundreds of millions annually and cumulative buybacks exceeding $350 million to date.
Those buybacks have been a critical pillar of PUMP’s value proposition. By using revenue to purchase and burn tokens, Pump.fun effectively reduces circulating supply, creating a deflationary pressure that supports the token’s price.
But here’s where things get complicated. The platform recently shifted its revenue allocation policy, moving from a model that heavily favored buybacks and burns to a 50/50 split: half of net revenue now goes toward buybacks and burns, with the other half directed to operational needs.
What to watch heading into August The $10 million to $16 million valuation range on the unlock is relatively modest in scale. The July 2026 unlock of 82.5 billion tokens will serve as an important preview of how the market absorbs supply increases before August’s smaller release arrives.
The more important variable to track is Pump.fun’s revenue trajectory. With cumulative buybacks already past $350 million, the platform has demonstrated it can generate real cash flow. The question is whether the new 50/50 revenue split provides enough firepower to absorb selling pressure from newly unlocked tokens while simultaneously funding operations.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Empery Digital mezi 1. červencem a 6. srpnem prodala 1 635 BTC za 102,2 milionu USD a její neomezené zásoby bitcoinu klesly o 76,4 % na 325 BTC. Většina zbývajících BTC je stále zastavena u věřitele.
Empery Digital sold 1,635 Bitcoin for $102.2 million between July 1 and Aug. 6, cutting its total holdings to 1,279 BTC, according to an Aug. 7 SEC filing.
Summary
Empery Digital sold 1,635 BTC for $102.2 million between July 1 and August 6, 2026. Only 325 BTC remained unrestricted after 954 BTC secured $35 million of outstanding company debt. Unrestricted Bitcoin holdings fell 76% from 1,375 BTC at June 30, according to company filings. Empery repaid $20 million after June, prompting its lender to return 585 pledged Bitcoin tokens. A $62.1 million property commitment remains conditional, with due diligence extended through August 13, 2026. Of that balance, 954 BTC remained pledged to a lender, leaving a derived 325 BTC unrestricted.
The latest disclosure extends a sharp reduction in the Nasdaq listed company’s Bitcoin treasury. Empery held 2,914 BTC on June 30, including 1,375 unrestricted coins. The available pool therefore fell by 1,050 BTC, or about 76.4%, in just over five weeks.
The July and August sales came after Empery had already sold 1,167 BTC for $80.1 million during the first half of 2026. Those earlier disposals produced a $56.8 million realized loss based on the original cost of the Bitcoin sold, according to the filing.
Empery Digital Sold 1,635 BTC Since July, Unrestricted Holdings Fell to 325 BTC
According to CryptoSlate, Bitcoin treasury company Empery Digital sold 1,635 BTC for approximately $102.2 million from July 1 to August 6, reducing its total holdings to 1,279 BTC. Of this amount,… pic.twitter.com/NvcqcUuhD6
— Wu Blockchain (@WuBlockchain) August 10, 2026 The latest figures also move beyond the company’s July 10 filing. At that point, Empery said it held 1,514 BTC and about $73.9 million in cash after selling 1,400 BTC since May 7. As crypto.news reported in earlier July coverage, the company said those proceeds were intended for debt repayment, a planned property purchase, legal expenses and operations.
The filing also shows how the treasury sales fit into a broader capital allocation plan. Through Aug. 6, Empery had repurchased 26.24 million shares for $149.7 million at an average price of $5.71. The company said proceeds from $105 million of borrowings, together with Bitcoin sales, helped finance the repurchases. Digital asset losses totaled $106.3 million in the first half and represented 87% of operating expenses.
That marks a major change from the company’s original treasury expansion. In August 2025, Empery reported holding more than 4,000 BTC as it pursued a strategy centered on increasing Bitcoin exposure. Its balance sheet now combines a much smaller Bitcoin reserve with debt reduction, share repurchases and new infrastructure investments.
Debt fell, but most remaining BTC is still pledged Empery repaid another $20 million under its master loan arrangement after June 30, reducing outstanding borrowings from $55 million to $35 million. The lender returned 585 BTC, bringing pledged collateral down from 1,539 BTC to 954 BTC.
The loan still carries tight collateral conditions. A February amendment set the collateral call level at 153% and the liquidation level at 143%, while reducing the period to restore collateral at the liquidation threshold to 12 hours. Empery had already supplied 576 BTC after a February collateral call and another 186 BTC after a June call. In related March coverage, the company was already selling Bitcoin while reducing leverage and repurchasing shares.
Data center funding could create another cash requirement Empery is also expanding beyond its Bitcoin treasury strategy. Through its EMHU venture with TexStack Infrastructure, the company contributed $2.9 million and committed another $62.1 million if a proposed Midwest property acquisition closes. The roughly $230 million property is intended to be converted into an AI data center.
The Aug. 7 filing adds a new deadline. EMHU extended its due diligence review period by 15 days to Aug. 13 and can extend it another 15 days. Empery said it expects the acquisition to close during the third quarter but cautioned that “there can be no assurance that it will occur.”
Separately, Empery closed a $20 million investment in Cardinal Data Power on July 20 for an approximately 8% stake, according to an SEC release. In recent data center coverage, crypto.news tracked a broader shift by several digital asset treasury companies toward AI infrastructure as the treasury model came under pressure.
Management said cash, operations, borrowing and potential Bitcoin sales should “be sufficient to fund planned operations beyond one year.” The statement is forward looking. Empery had $3.6 million of cash, cash equivalents and restricted cash and a $5.6 million working capital deficit at June 30, while its unrestricted Bitcoin cushion has since narrowed to 325 BTC.
What happens next depends partly on the Aug. 13 property review deadline and whether EMHU extends the review again or moves toward closing. Any further Bitcoin disposal would require another company decision. The current filing lists potential Bitcoin sales among possible funding sources but does not say additional sales are certain.
Polymarket přešel u krátkodobých kryptomarketů z okamžitých snímků na TWAP poté, co zjistil, že 821 účtů vydělalo 8,2 milionu USD manipulací s cenou bitcoinu před vypořádáním. Nově používá 30sekundový průměr pro pětiminutové trhy a 60sekundový pro 15minutové a čtyřhodinové trhy.
Researchers found 821 accounts that made $8.2 million by manipulating bitcoin prices in the final seconds before Polymarket settled its short dated contracts. Polymarket has now replaced instant snapshots with time weighted averages, but the structural vulnerability they exposed is not unique to one platform.
Summary
Polymarket replaced its instant price snapshot settlement mechanism with time weighted average prices on August 7, 2026, after a study identified 821 accounts that collectively made $8.2 million in settlement windows classified as likely manipulated across roughly two months of five minute bitcoin contracts. The manipulation worked by accumulating a large position on Polymarket, then placing unusually large orders on Binance in the final seconds before settlement to move the bitcoin price across the contract’s strike threshold, causing the contract to resolve in the manipulator’s favor before the price reverted. Excluding market makers, 93 percent of the losses in windows classified as manipulated fell on retail traders, and the researchers found that a bet the market treated as near certain was overturned one time in three during manipulated windows. Under the new system, five minute markets will use a 30 second average and 15 minute and four hour markets will use a 60 second average, with price data delivered through Chainlink Data Streams, and Polymarket committed $1 million in liquidity rewards across affected markets through August to cushion the transition. Rival platform Kalshi already uses a regulated CF Benchmarks price index with a 60 second moving average and reported conducting 150 to 250 material investigations per quarter with 40 to 50 CFTC referrals so far in 2026, highlighting the surveillance gap between DeFi native and regulated prediction market venues. On August 7, 2026, Polymarket announced it would replace the single price snapshot it had used to settle short dated crypto contracts with a time weighted average price, known as a TWAP. The change followed months of trader complaints, public warnings from onchain analysts, and a peer reviewed study from researchers at Stanford University and Singapore Management University that documented how a small number of accounts systematically profited by moving bitcoin prices on Binance in the final seconds before Polymarket’s settlement windows closed.
The exploit was not a hack. No smart contract was compromised. No private key was stolen. The vulnerability was a design choice: Polymarket settled its short dated crypto markets using a single price at a single moment. Anyone who could move that price for a few seconds could change the outcome of the contract. The researchers called the vulnerability “structural,” and their language was precise. “An asset price contract settles on a financial price,” they wrote, “and that price can be moved by trading the underlying market itself.”
The finding raises questions that extend well beyond one platform. Prediction markets handled $50.6 billion in volume in July 2026 alone. As these markets grow, the intersection between prediction contract settlement and spot market manipulation becomes a systemic concern, not a niche complaint from retail traders who lost money on five minute bets.
The timing of the fix also coincides with Polymarket’s reported effort to raise $1 billion at a $20 billion valuation. For a platform seeking institutional capital, the public documentation of a manipulation vulnerability that went unaddressed for months creates a due diligence problem. Institutional investors do not merely evaluate growth metrics. They evaluate integrity infrastructure. The TWAP transition can be read as both a genuine security improvement and a necessary precondition for closing a fundraising round with investors who take market structure risk seriously.
How the manipulation worked The mechanics were straightforward. A trader would accumulate a position on Polymarket’s five minute bitcoin up or down contract. These contracts pay out based on whether bitcoin’s price is above or below a specific threshold at the moment of settlement. The trader would then wait until the final seconds before settlement and place a large order on Binance, the world’s largest spot exchange by volume, to push bitcoin’s price across the strike threshold.
The order did not need to be large enough to sustain a price move. It only needed to last long enough for the settlement snapshot. Once the contract resolved, the manipulator would close the Binance position, often at a small loss, and collect the Polymarket payout. The Binance loss was the cost of doing business. The Polymarket profit was the payoff.
The strategy worked because five minute contracts have thin time horizons. Moving bitcoin’s price by a fraction of a percent for five seconds is expensive but achievable for a well capitalized trader with access to Binance’s spot order book. The study found that the manipulation was concentrated in the final seconds, with unusually large orders appearing just before settlement and rapid price reversals immediately after.
The cost structure made the trade attractive. A trader might lose $5,000 to $20,000 pushing bitcoin’s price on Binance, but collect $50,000 or more from the Polymarket payout. The spot market loss was predictable and bounded. The prediction market gain depended only on whether the price crossed the threshold at the exact moment of settlement. As long as the Polymarket position was large enough relative to the Binance cost, the combined trade was profitable regardless of where bitcoin’s price ended up minutes later.
The researchers noted that the manipulators showed increasing sophistication over the study period. Early instances involved crude large orders that were visible in the order book for several seconds. Later instances used more fragmented order placement, splitting the price push across multiple smaller orders that arrived in rapid succession during the final two to three seconds. This fragmentation made the activity harder to detect in real time, though the statistical signature in the settlement data remained clear.
The paper did not prove that the Binance orders and the Polymarket positions were placed by the same individuals. It could not, because Polymarket operates as a DeFi native platform where traders use pseudonymous wallets. But the statistical patterns were consistent with coordinated activity, and the timing correlations were tight enough for the researchers to classify specific settlement windows as “likely manipulated.”
What the research actually found The study, published on arXiv by researchers from Stanford and Singapore Management University, analyzed roughly two months of five minute bitcoin contracts on Polymarket. The researchers identified 821 accounts whose trading activity was concentrated in windows where the statistical signatures of manipulation were present.
Those accounts collectively made $8.2 million during the study period. The losses came almost entirely from retail traders. After excluding market makers, who are structurally neutral and profit from spreads rather than directional bets, the researchers found that 93 percent of the losses in likely manipulated windows were borne by retail participants.
One finding stood out. In manipulated windows, “a bet the market treated as near certain was overturned one time in three.” This means that contracts priced at 90 percent or higher probability of resolving one way were flipped by last second price movements. For retail traders relying on market pricing as a signal of likelihood, this created a situation where the odds they saw on screen bore little relationship to the odds they actually faced.
The scale of the losses was asymmetric. A retail trader placing a $100 bet on a five minute bitcoin contract that was priced at 90 percent certainty expected to win $10 in profit nine times out of ten. When manipulation flipped the outcome, that trader lost $100. Across hundreds of settlement windows and thousands of participants, these small individual losses aggregated into the $8.2 million figure the researchers documented. No single retail trader lost a fortune. The damage was distributed across a large number of small participants, each of whom had no way to know that the odds they saw on screen had been distorted.
The researchers described the vulnerability as inherent to any event contract that settles on a real time financial price. The specific platform, the specific asset, and the specific contract duration all affect how easy the manipulation is. But the underlying dynamic, that the settlement price can be influenced by trading the referenced asset, applies to any platform using instant price snapshots.
The manipulators exploited a timing asymmetry that exists whenever a financial contract settles on a single price observation. In traditional futures markets, settlement prices are typically calculated from a volume weighted average of trades over a defined window, precisely to prevent the kind of end of period manipulation that Polymarket experienced. The fact that Polymarket launched with a single snapshot mechanism suggests either that the platform’s designers did not anticipate this attack vector or that they accepted the risk as a tradeoff for simpler oracle design. Either way, the result was a settlement system that rewarded traders who could move prices by small amounts for brief periods, a capability that requires modest capital relative to the profits available from correctly positioned prediction market contracts.
JUST IN: Polymarket adopts Chainlink TWAP for short-term crypto markets
Five-minute contracts now settle on a 30-second average price pic.twitter.com/EmC268lyeh
— crypto.news (@cryptodotnews) August 8, 2026 Why it took months to fix The capital efficiency of the attack is what made it particularly difficult to detect through conventional surveillance. Each individual trade was small enough to look like normal market activity. The manipulators did not need to sustain the price movement for more than a few seconds, and the prediction market positions they held to profit from the manipulation were on a separate platform from the spot exchange where they moved prices. This cross platform structure meant that no single exchange could see both sides of the trade. Binance saw small orders that briefly moved bitcoin’s price. Polymarket saw contracts settling at prices that happened to favor certain accounts. Only by correlating the timing of trades across both platforms could the researchers identify the pattern, and that correlation required access to data from both systems and the statistical tools to analyze it. The attack surface existed not in any single platform’s code but in the gap between two platforms that each operated correctly in isolation but whose interaction created an exploitable seam.
Polymarket knew about the problem before the study was published. Onchain analysts raised concerns publicly as early as May 2026. Variance Lover, a pseudonymous analyst, posted an extensive breakdown on May 21 documenting the manipulation mechanism and identifying specific settlement windows where the patterns were visible.
“By now, most people are aware that market manipulation has become a major problem on Polymarket’s five minute crypto markets,” Variance Lover wrote. “The mechanism is simple: accumulate a large position on Polymarket, then move the price on Binance during the settlement window to force the market to resolve in your favor.”
A contributor who goes by the handle Christine on X noted on May 11 that the manipulation was becoming more severe, citing “precise reversals in the last few seconds.” Josh Stevens, a Polymarket developer, responded publicly: “We are looking into this a bit deeper. Do not worry.”
The gap between acknowledgment and action spanned nearly three months. During that time, the manipulation continued. The delay is notable because the fix Polymarket ultimately deployed, replacing a snapshot with a TWAP, is not a novel solution. Time weighted averages have been standard in DeFi oracle design for years. Uniswap V2 introduced TWAP oracles in 2020 specifically to prevent single block price manipulation. The concept was available off the shelf.
Polymarket has not publicly explained why the fix took as long as it did. One possibility is that switching the settlement mechanism required changes to the smart contracts that resolve bets, which need auditing and testing. Another is that the platform was reluctant to change rules midstream for live markets with open positions. A third, less charitable interpretation is that the manipulation generated volume and fees that the platform was not in a hurry to curtail.
The delay had real costs. Variance Lover estimated that manipulation continued throughout June and into July, with increasingly aggressive activity as manipulators learned they could operate without consequences. Several retail traders posted screenshots showing positions that should have been winners based on prevailing market prices but resolved as losers because of last second price spikes. The trust damage was compounding. Each manipulated settlement that went unaddressed made the next complaint louder and the platform’s credibility thinner.
JUST IN: Study finds signs of manipulation in Polymarket Bitcoin prediction markets
Stanford and Singapore Management University researchers identified 821 suspected manipulators who earned 8.2 million dollars pic.twitter.com/CQuLUeX9YO
— crypto.news (@cryptodotnews) July 16, 2026 How Polymarket’s fix compares to Kalshi The fix Polymarket deployed mirrors safeguards that Kalshi, its regulated rival, already had in place. Kalshi resolves its short dated crypto markets using a CF Benchmarks price index, which aggregates prices from multiple regulated exchanges. It then applies a 60 second moving average, making it significantly harder to move the settlement price with a brief burst of trading on a single venue.
Kalshi also operates under CFTC oversight, which gives it enforcement tools that Polymarket lacks. A Kalshi spokesperson told CoinDesk that the platform has conducted 150 to 250 material investigations per quarter and made 40 to 50 referrals to the CFTC so far in 2026. Those figures cover all Kalshi markets, not just short dated crypto contracts, but they illustrate the surveillance infrastructure that comes with operating within a regulatory framework.
The structural difference between the two platforms matters. Kalshi requires identity verification for all traders. Polymarket’s DeFi version does not. When manipulation is detected on Kalshi, the platform can identify the trader, freeze the account, and refer the case to a regulator. When manipulation is detected on Polymarket, the platform can identify a wallet address but cannot easily connect it to a person.
Polymarket does operate a US regulated version under CFTC oversight, but its integrity and surveillance infrastructure has been developed largely in response to external pressure rather than as a foundational design choice. The company is reportedly seeking a $1 billion raise at a $20 billion valuation, and the manipulation episode highlights the tension between growing rapidly as a DeFi protocol and building the compliance infrastructure that institutional capital typically requires.
Polymarket faces manipulation allegations as $58M Zelenskyy suit bet nears resolution
Polymarket’s $58M Zelenskyy suit bet nears resolution as $UMA voters dispute media consensus, sparking manipulation claims and credibility concerns.
— crypto.news (@cryptodotnews) July 4, 2025 What the exploit reveals about prediction market design The comparison between Polymarket and Kalshi illuminates a broader tension in prediction market design between decentralization and market integrity. Kalshi operates as a CFTC regulated exchange with centralized order matching, surveillance systems, and the ability to cancel trades that result from manipulation. Polymarket operates on Polygon with smart contract settlement that is transparent but largely automated. The transparency means that manipulation is visible to anyone who examines the blockchain, which is how the Stanford researchers identified the 821 accounts. But visibility is not the same as prevention. A centralized exchange can intervene in real time when it detects suspicious activity. A decentralized protocol must design its settlement rules to be manipulation resistant from the start, because retroactive intervention contradicts the trustless execution model that gives blockchain based markets their appeal.
The Polymarket manipulation exposed a broader design tension in prediction markets that settle on financial prices. These markets sit at the intersection of two trading systems: the prediction platform where bets are placed and the spot market where the referenced price is determined. When the two systems are connected but not coordinated, the cheaper market becomes a tool for profiting from the more expensive one.
In this case, moving bitcoin’s price on Binance for a few seconds cost less than the Polymarket payout it generated. The arbitrage was negative in the spot market and positive in the prediction market, creating a combined trade that was profitable as long as the settlement mechanism allowed it.
This is not a problem unique to Polymarket or even to prediction markets. It is a variant of the same cross venue manipulation that regulators have spent decades combating in traditional finance. The SEC’s Regulation SHO, the CFTC’s anti manipulation rules, and the EU’s Market Abuse Regulation all address scenarios where trading in one market is used to influence outcomes in another. The difference is that those frameworks assume centralized, identity verified markets with shared surveillance feeds. The prediction market version plays out across pseudonymous DeFi platforms and centralized exchanges in different jurisdictions.
The TWAP fix addresses the most obvious attack vector by making brief price spikes less effective. But it does not eliminate the underlying vulnerability. A well capitalized manipulator who can sustain a price move for 30 or 60 seconds rather than five can still influence settlement under a TWAP system. The cost is higher, but the attack is not impossible. The question is whether the increased cost makes the manipulation unprofitable, and that depends on the depth of the liquidity in the referenced market and the size of the positions available on the prediction platform.
The economics of the manipulation also raise questions about market depth. The reason five second price pushes were possible on Binance is that bitcoin’s order book, despite being the deepest in crypto, still has moments of relative thinness. During periods of lower activity, particularly around the clock during Asian or European off hours, the cost of moving bitcoin’s price by a fraction of a percent drops significantly. The manipulators timed their activity to coincide with these low liquidity windows, compounding the settlement vulnerability with a liquidity vulnerability. A TWAP reduces one problem but does not address the other.
As regulatory frameworks for prediction markets continue to develop, the settlement mechanism question will become more prominent. Platforms that want to offer contracts on financial prices will need to either use regulated price feeds, implement robust TWAP mechanisms, or accept that their markets will remain vulnerable to the same class of manipulation that Polymarket just addressed.
What to watch Manipulation patterns after the TWAP transition. The 30 second and 60 second TWAP windows raise the cost of manipulation but do not eliminate it. Watch for evidence of sustained price pushes that last longer than the averaging window, which would indicate that manipulators are adapting to the new settlement rules.
Polymarket volume changes on short dated crypto markets. If volume declines significantly after the transition, it may indicate that a portion of the trading activity was driven by manipulators rather than genuine prediction market demand. A volume drop would validate the concern that the platform’s growth was partly artificial.
Regulatory response from the CFTC. The study provides a public, peer reviewed record of manipulation on a platform that overlaps with CFTC jurisdiction. Watch for formal inquiries, enforcement actions, or rulemaking proposals that address cross venue manipulation between prediction markets and spot exchanges.
Chainlink Data Streams performance. The TWAP mechanism depends on Chainlink for price data delivery. Any latency issues, outages, or oracle manipulation attempts would expose a new attack surface. The reliability of the data feed is now a critical dependency for Polymarket’s market integrity.
Kalshi and Polymarket competition for institutional capital. The manipulation episode and subsequent fix narrow the structural gap between the two platforms. Watch for whether Polymarket’s $1 billion fundraising effort is affected by the integrity concerns or whether the fix is treated as sufficient by prospective investors.
Copycat manipulation on other DeFi prediction platforms. The settlement vulnerability that Polymarket’s TWAP fix addresses exists on any platform that uses instant price snapshots. Smaller prediction market protocols with less liquidity and less sophisticated monitoring are potentially even more vulnerable. Watch for reports of similar manipulation patterns on competing platforms that have not yet adopted TWAP settlement.
Academic follow up research on TWAP effectiveness. The Stanford and Singapore Management University researchers documented the pre-fix manipulation in detail. A follow up study measuring whether manipulation persists or adapts under the TWAP regime would provide the first empirical test of whether the fix works in practice, not just in theory. The research community’s engagement with this question will shape regulatory confidence in TWAP as a sufficient safeguard.
Frequently asked questions What happened on Polymarket with the five second exploit? Traders accumulated positions on Polymarket’s five minute bitcoin contracts and then placed large orders on Binance in the final seconds before settlement to move bitcoin’s price across the contract’s strike threshold. The contract would resolve in the manipulator’s favor, and the price would revert immediately after settlement. Researchers identified 821 accounts that made $8.2 million using this pattern.
How did researchers discover the manipulation? Researchers from Stanford University and Singapore Management University analyzed roughly two months of five minute bitcoin contracts on Polymarket. They found statistically significant correlations between unusually large Binance orders in the seconds before settlement and rapid price reversals after settlement. The study was published on arXiv.
Who lost money from the Polymarket exploit? Excluding market makers, 93 percent of the losses in settlement windows classified as likely manipulated fell on retail traders. These were users who placed bets on five minute bitcoin contracts and lost when last second price movements changed the contract outcome.
What is a TWAP and how does it prevent manipulation? A time weighted average price, or TWAP, averages the price over a window of time rather than using a single instant snapshot. Polymarket now uses a 30 second average for five minute markets and a 60 second average for 15 minute and four hour markets. This makes it more expensive to manipulate settlement because the attacker must sustain the price distortion for the entire averaging window rather than just a single moment.
Does Kalshi have the same problem? Kalshi uses a regulated CF Benchmarks price index with a 60 second moving average and requires identity verification for all traders. A Kalshi spokesperson told CoinDesk that these safeguards make brief price manipulation u0022significantly harder and more expensive.u0022 However, a Kalshi user disputed this, claiming to have witnessed similar issues on the platform.
Is the TWAP fix enough to prevent future manipulation? The TWAP raises the cost of manipulation but does not eliminate the underlying vulnerability. A well capitalized trader who can sustain a price movement for the full averaging window can still influence settlement. The fix is a significant improvement over instant snapshots but not a complete solution.
Why did Polymarket take three months to fix the problem? Polymarket has not publicly explained the delay. Possible factors include the need to audit and test smart contract changes, reluctance to change rules on live markets with open positions, and the complexity of integrating Chainlink Data Streams as a price oracle. Onchain analysts raised concerns publicly starting in May 2026.
Can this type of manipulation happen on other prediction market platforms? Yes. The vulnerability is structural to any event contract that settles on a real time financial price using an instant snapshot. Any platform, whether DeFi native or regulated, that uses single point price resolution is theoretically vulnerable. The difference is the cost of the attack and the surveillance infrastructure available to detect it. This is educational analysis, not investment advice.u003cemu003eDisclaimer: This article is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency markets carry significant risk. Always conduct independent research before making investment decisions. Information is current as of August 8, 2026.u003c/emu003e
Grayscale’s XRP Trust v 1. pololetí 2026 prodal XRP za více než 180 milionů USD kvůli vlně odkupů. Fond odprodal asi 103 milionů XRP a vykázal ztrátu kolem 34 milionů USD.
Grayscale’s XRP Trust has disclosed that it sold over $180 million worth of XRP during the first half of 2026, following a spike in investor redemptions. The regulatory filing, dated through June 30, indicates the fund offloaded approximately 103 million XRP tokens within this six-month period.
Redemptions Drive Major XRP OutflowsTo meet redemption requests from investors, the trust had to liquidate a significant portion of its XRP holdings. The realized losses from these sales totaled about $34 million, while unrealized losses continue to remain on the books due to the lower residual market value of its remaining assets.
Grayscale’s trust mechanism delegates creations and redemptions to authorized participants. As a result, XRP was sold mechanically, rather than by discretionary decisions from Grayscale’s managers, reflecting the fund’s open-ended structure.
New contributions and inflows during the period failed to keep pace with large-scale withdrawals, leading to a marked reduction in both the trust’s XRP balance and overall net asset value.
Wider Market Impact and XRP Price MovementsThe large redemptions from Grayscale’s XRP Trust coincided with notably weaker sentiment across XRP-related investment products. Other funds linked to XRP have also recorded significant outflows, while trading activity in derivatives markets has waned. Over the same period, XRP’s price hovered in a narrow range near $1.05 to $1.07, with market participants closely tracking the $1 level for signals of either renewed buying or further declines.
This pattern underscores how redemption-driven selling can translate into substantial spot market pressure on underlying cryptocurrencies. In assets with lighter liquidity or stronger sentiment swings, such selling may accelerate price moves to the downside.
The regulatory update confirms that escalating redemptions required mechanical sales of over 100 million XRP, resulting in $34 million in realized losses for the trust, with further unrealized losses unsettled in the portfolio.
Blockchains, Real-World Integration, and Market InnovationWhile the XRP Trust navigates outflows and price volatility, the broader market continues to advance with new platforms facilitating more seamless access to both digital and traditional assets. For instance, 1stepSwap offers investors a streamlined way to hold real-world assets—including shares of major U.S. companies and commodities like gold and silver—directly in their crypto wallets. The key innovation lies in the platform’s ability to source the best available market price instantly, letting users transact leading global equities and diversify portfolios quickly and efficiently without the need for intermediaries or complex processes.
Industry analysts caution that ongoing changes in investor flows, coupled with the emergence of new on-chain solutions for holding traditional assets, could shape how capital migrates within both the crypto and broader financial ecosystem.
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.
Ripple se připojil k britské vládní pracovní skupině, která má pilotně ověřit tokenizaci na blockchainu na repo trhu. Projekt míří na trhy v hodnotě 33 miliard GBP a první ostrý pilot má přijít na jaře 2027.
Dr. Kamilah Stevenson reported that Ripple has joined a UK government initiative aimed at modernising wholesale financial markets using blockchain technology. She described this development as more significant than a standard business partnership, given the involvement of government bodies in shaping future market standards.
UK Treasury leads digital market modernisationStevenson highlighted the role of the UK Treasury’s Wholesale Digital Markets Taskforce, which has been tasked with establishing operational guidelines for the tokenisation of institutional finance. This effort seeks to lay the foundation for integrating distributed ledger technology across key components of the financial system.
According to Stevenson, Ripple is involved in the taskforce’s tokenisation plans and collaborates with the government-appointed Wholesale Digital Markets Champion. She emphasized that government participation is crucial because standards set at this level could shape how banks, funds, and infrastructure providers operate for years to come.
Ripple is supporting the UK government’s initiative on tokenisation strategy, with Treasury involvement potentially influencing the standards financial institutions will follow in the future.
Major tokenisation initiative targets repo marketsA government plan cited by Stevenson estimates the initiative’s potential value at approximately £33 billion, with a projection of £14 billion in extra annual tax revenue by 2035. These figures suggest that UK officials view tokenised markets as a key economic priority, moving beyond simple technology trials to large-scale policy projects.
The initiative is expected to debut in the repurchase agreement (repo) market, targeting testing and a live pilot for spring 2027. Repo markets play a central role in daily bank funding, involving short-term loans in which institutions swap securities, like government bonds, for cash before reversing the transaction.
Transferring repo processes to a blockchain could reduce the need for manual reconciliation, streamline the transfer of collateral, and enable immediate ownership updates. However, successful market adoption would depend on legal clarity, dependable technology infrastructure, and broad industry participation.
Mini dictionary: Repurchase agreement (repo) — A short-term borrowing mechanism in which financial institutions sell securities and agree to repurchase them at a later date, commonly used to manage day-to-day funding and liquidity needs in the banking sector.
MetricEstimated Value/ProjectionInitiative’s potential value£33 billionProjected annual tax revenue by 2035£14 billionFirst live pilot target dateSpring 2027XRP Ledger and the trend toward institutional adoptionStevenson also noted Ripple’s earlier partnership with Aviva Investors, a major UK fund manager overseeing about £253 billion in assets. In this initiative, Aviva began its first steps toward tokenising traditional funds on the XRP Ledger, Ripple’s blockchain-based settlement network.
She said tokenised real-world assets on the XRP Ledger grew from around $150 million to about $4 billion over one year, spanning more than 500 products. However, the source of these figures was not independently verified and should be viewed as estimates presented by Stevenson.
Stevenson distinguished between adoption by private companies and adoption driven by policymakers. She argued that government endorsement usually leads to the creation of broader industry standards, stating, “Companies choose vendors, governments choose standards.”
The transition to regulated blockchain infrastructure may no longer depend on whether institutions will use distributed ledger technology, but on which networks and settlement rails become embedded within formal market operations.
Participation in a Treasury-supported pilot does not guarantee a specific outcome for XRP or exclusive use of the XRP Ledger. Still, the involvement signals a shift as tokenisation progresses from experimental stages toward integration with core market infrastructure.
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.
Canary XRP ETF v první polovině roku 2026 klesl v čistých aktivech o 81,6 milionu USD na 241,2 milionu USD, i když čistý příliv kapitálu činil 82,4 milionu USD. Hlavní brzdou byl pokles hodnoty XRP, který převážil nové emise podílů.
Canary Capital’s XRP exchange traded fund ended the first half of 2026 with $81.6 million fewer net assets even after positive capital share activity added $82.4 million.
Summary
Canary XRP ETF ended June with $241.2 million, down $81.6 million from December despite creations. Net capital share transactions added $82.4 million, while operations reduced assets by $164.0 million overall. Unrealized XRP depreciation accounted for $159.7 million of the fund’s operational decline during 2026 midyear. XRP holdings climbed 31.7% to 231.3 million tokens, even as their dollar value declined sharply. XRPC posted a 42.84% NAV loss during 2026’s first six months, according to Canary data. An Aug. 7 SEC filing shows that falling XRP valuations more than offset the increase in shares during the six months through June 30.
The unaudited Form 10 Q puts XRPC’s net assets at $241.17 million on June 30, down from $322.82 million at the end of 2025. Meanwhile, outstanding shares increased from 16.49 million to 21.77 million as the fund created 5.65 million shares and redeemed 370,000. XRP itself fell 43.27% from $1.84 to $1.04 over the same period.
Investors poured $82 million into Canary’s XRP ETF, but falling prices erased double what they put in
One large allocation or the start of a broader bid? pic.twitter.com/z2cGvbw7hs
— Xora Finance (@xora_finance) August 10, 2026 Canary XRP ETF added shares while XRP erased value The accounting behind the decline shows two forces moving in opposite directions. XRPC recorded $88.26 million from shares sold and $5.90 million from shares redeemed. The resulting $82.36 million increase from capital share transactions was outweighed by a $164 million decrease in net assets from operations.
Most of that operational decline came from XRP rather than fees. The fund recorded $159.70 million in unrealized depreciation, $3.59 million in realized investment losses and $716,898 in sponsor fees during the six month period. Unrealized depreciation was therefore almost twice the value added through net capital share transactions.
The contrast follows an initially strong reception for the fund. As crypto.news reported in its launch day coverage, XRPC generated about $58 million in trading volume when it debuted on Nasdaq in November 2025, making it one of that year’s largest new ETF launches by first day volume.
The $82 million figure is not simply investor cash inflow The $82.36 million increase should not be treated as $82.36 million of retail investors depositing cash into XRPC. Canary’s SEC prospectus allows authorized participants to create and redeem baskets using either cash or XRP. Investors trading XRPC shares on Nasdaq do not directly create or redeem shares with the trust.
The latest filing shows the distinction clearly. XRPC purchased 34.13 million XRP valued at $52.20 million during the first half, while another 25.93 million XRP valued at $36.05 million entered the trust through in kind share creations. The fund also sold 3.93 million XRP worth $5.90 million to meet redemptions and reported no XRP distributed in kind for redemptions.
Accordingly, the filing supports describing the $82.36 million as net capital share activity rather than a direct measure of investor cash inflows. It does show that creation activity exceeded redemptions during the period.
XRPC held 31.7% more XRP but the position was worth less XRPC’s XRP holdings increased from 175.63 million tokens at the beginning of 2026 to 231.28 million on June 30, a rise of about 31.7%. Yet the fair value of the XRP position fell from $322.97 million to $241.28 million because the underlying asset declined sharply.
That disconnect has also appeared across the wider U.S. XRP ETF market. In related ETF flow coverage, crypto.news reported in July that cumulative inflows across spot XRP funds remained well above their combined net assets as falling token prices reduced portfolio values.
The price weakness does not mean creations stopped altogether. More recent fund flow reporting showed XRP ETFs recording fresh net inflows on July 29 after a four day pause, while XRP remained near the $1.10 area.
XRPC assets slipped further after the June quarter Canary’s latest published fund data shows XRPC remained below its June level after the reporting period. Net assets stood at $237.38 million on Aug. 7, with both NAV and market price at $10.85. Shares outstanding had increased to 21.87 million from 21.77 million at June 30.
The same data puts XRPC’s NAV return at negative 43.93% for 2026 through Aug. 7, compared with negative 42.84% through June 30. Its market price return was negative 44.22% year to date. Those figures show that the valuation pressure documented in the SEC report had not fully reversed by early August.
For XRPC, the next financial filing will provide another formal snapshot of whether continued share creation can offset movements in XRP’s price. The first half results already make the current dynamic clear: the trust accumulated substantially more XRP, but the falling value of each token left the fund with fewer dollars in net assets.
Güney Kore merkezli kripto para borsası Upbit, CYS, ICNT, XAN, EDEN, AIOZ ve ALLO için yeni işlem desteği başlatacağını duyurdu. Altı altcoin, BTC ve USDT piyasalarında işlem görecek.
Borsa, ilk duyurusunda işlemlerin 10 Ağustos saat 14.00 KST’de başlamasını planladı. Ancak daha sonra yaptığı güncellemeyle listeleme başlangıcını 17.00 KST’ye, yani Türkiye saatiyle 11.00’e erteledi.
Yeni listelemelerle birlikte Upbit kullanıcıları aynı gün altı farklı token için yeni işlem çiftlerine erişebilecek.
Upbit Hangi Altcoinleri Listeliyor? Upbit’in duyurusuna göre yeni işlem desteği alacak altcoinler şöyle:
CYS (Cysic) ICNT (Impossible Cloud Network) XAN (Anoma) EDEN (OpenEden) AIOZ (AIOZ Network) ALLO (Allora) Altı varlığın tamamında BTC ve USDT işlem piyasaları açılacak.
Ancak tokenların kullanılacağı blockchain ağları birbirinden farklı.
Altcoinlerin Ağları Belli Oldu Upbit’in duyurusunda CYS ve ICNT için Base ağı destekleniyor.
XAN, EDEN ve AIOZ için ise Ethereum ağı kullanılacak. ALLO’nun yatırma ve çekme işlemleri ise Allora ağı üzerinden gerçekleştirilecek.
Borsa, kullanıcıları yatırma işlemi öncesinde doğru ağı kontrol etmeleri konusunda ayrıca uyardı. Duyuruda belirtilen ağlar dışındaki transferlerin desteklenmeyeceği belirtildi.
Bu nedenle yeni listelemelerde yalnızca işlem piyasalarının değil, yatırma ve çekme ağlarının da kontrol edilmesi gerekiyor.
Yeni Listelenen Altcoinlerde İşlem Kısıtlaması Var Upbit, yeni işlem desteği verilen varlıklar için geçici işlem sınırlamaları da uygulayacak.
Borsanın duyurusuna göre işlem başladıktan sonra yaklaşık 5 dakika boyunca alış emirleri kısıtlanacak. Ayrıca önceki kapanış fiyatının %10 altında satış emri verilmesine yönelik sınırlama uygulanacak.
Bunun yanında işlem başladıktan yaklaşık 2 saat boyunca piyasa emri gibi belirli emir türleri kullanılamayacak. Bu süreçte yalnızca limit emirleri desteklenecek.
Upbit, söz konusu fiyat sınırlarının CoinMarketCap tarafından sağlanan fiyat verileri temel alınarak belirleneceğini açıkladı.
CYS, ICNT, XAN, EDEN, AIOZ ve ALLO Nedir? Upbit’in proje açıklamalarına göre altı token farklı blockchain ve Web3 alanlarına odaklanıyor.
CYS, Cysic’in ComputeFi ekosisteminde kullanılan token olarak öne çıkıyor. Proje, GPU, ASIC ve diğer donanım kaynaklarını merkeziyetsiz bir yapı üzerinden kullanılabilir hale getirmeyi hedefliyor. ICNT, Impossible Cloud Network’ün DePIN tabanlı bulut altyapısında kullanılıyor. Proje, depolama, GPU ve CPU gibi fiziksel donanım kaynaklarını merkeziyetsiz bir ağ üzerinden hizmetlere bağlamayı amaçlıyor. XAN, Anoma ekosisteminin yönetişim tokenı olarak kullanılıyor. Anoma, farklı blockchainleri tek bir ortamda birleştirmeyi hedefleyen merkeziyetsiz bir altyapı geliştiriyor. EDEN, OpenEden’in RWA odaklı ekosisteminde yer alıyor. Proje, gerçek dünya varlıklarını blockchain üzerinde kullanıma sunmaya yönelik finansal ürünler geliştiriyor. AIOZ, merkeziyetsiz depolama, içerik dağıtımı, video ve yapay zeka altyapısına odaklanan AIOZ Network’ün yerel tokenı olarak kullanılıyor. ALLO ise Allora’nın merkeziyetsiz makine zekası ağı içinde hizmet, staking, yönetişim ve ödül mekanizmalarında kullanılıyor. Upbit Listelemesi Altcoinler İçin Neden Önemli? Altı tokenın aynı anda Upbit’te BTC ve USDT piyasalarında işlem görmeye başlaması, bu varlıkların Güney Kore’deki önemli bir kripto para borsasında yeni işlem erişimi kazanması anlamına geliyor.
Ancak listeleme kararı token fiyatının bundan sonra yükseleceği anlamına gelmiyor. Yeni işlem desteğinin fiyat üzerindeki etkisi; likidite, işlem hacmi ve yatırımcı talebi gibi farklı faktörlere bağlı olabilir.
Şimdilik kesin olan gelişme ise Upbit’in CYS, ICNT, XAN, EDEN, AIOZ ve ALLO için işlem desteğini başlatması ve listeleme saatini 17.00 KST olarak güncellemesi.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Experti varují, že kvantové počítače by mohly do roku 2028 prolomit dnešní kryptografii a ohrozit Bitcoin i stablecoiny. Nejzranitelnější mají být administrativní klíče u USDT.
The prospect of quantum computers breaking today’s cryptographic defenses is raising urgent concerns among blockchain security experts. Analysts believe that the first indication of quantum-powered breaches may not be high-profile thefts, but a series of unexplained breaches targeting multiple crypto wallets at once.
Quantum computers and blockchain securityQuantus Network CEO and co-founder Christopher Smith warned that a sufficiently advanced quantum computer could derive private keys from public ones exposed on blockchain networks. This capability would allow attackers to move funds without infiltrating wallets, devices, or exchange infrastructures. Smith noted that in such events, there would be no discernible traces of how the breach occurred: only the fact that funds had been withdrawn.
His warning follows significant progress in quantum algorithms, which have recently reduced the estimated computational resources necessary to attack elliptic-curve cryptography—a mechanism widely used by leading blockchains for security.
Quantum computing refers to a new paradigm in computation, leveraging quantum bits (qubits) to solve certain problems much faster than classical computers.
Mini dictionary: Elliptic-curve cryptography is a method of encrypting data that relies on the mathematics of elliptic curves, widely used for its efficiency in securing digital transactions and communications.
Potential quantum targets in cryptoWhile much of the crypto community’s concern centers on the fate of Satoshi Nakamoto’s untouched Bitcoin—valued at $63 billion—Smith suggested that more attractive targets could be found elsewhere. He identified administrative keys for multi-chain stablecoins such as Tether’s USDT as especially valuable. According to Smith, a successful quantum attack on such administrative wallets could enable malicious actors to rapidly mint new tokens and flood the market before issuers had time to react.
Tether, the company behind USDT, manages the world’s largest stablecoin, which operates across several blockchains. Some of these networks have already taken initial steps to prepare for a post-quantum cryptography era.
Security researcher Sean Cheetham from Blockchain Capital predicted that attackers might avoid high-visibility targets and instead quietly access exchange “hot wallets,” which routinely handle user funds and are often linked to public keys.
Smith emphasized that an attacker could disguise a quantum theft as a standard compromise, providing alternative explanations such as a lost key, thus delaying detection.
Cheetham explained that such incidents would appear ordinary, as the true method of compromise would remain undetected under current investigative techniques.
Timeline for quantum riskRecent advances in artificial intelligence are accelerating the potential impact of quantum computing. In March, Google pushed up its post-quantum transition plans to 2029, following an AI-assisted breakthrough indicating that cracking elliptic curve cryptography could require fewer qubits than previously anticipated.
Roy Blackstone, CEO of crypto security firm NGRAVE, remarked that earlier quantum risk assessments did not anticipate such rapid progress in AI and quantum algorithm research.
Despite these developments, estimates for when a quantum computer will be capable of breaking cryptographic protections remain highly variable. Smith, who leads Quantus Network, said there is a “50-50” chance this milestone could be reached by 2028, given the current pace of research.
Cheetham forecasted that the early 2030s were almost a certainty for the arrival of this technology, though he acknowledged an earlier breakthrough remains possible. Michael Coates, chief information security officer at the Solana Foundation, declined to offer a timeline, stating that uncertainty prevails and the timeframe has constantly shifted.
Blackstone observed that despite disagreements over timing, major blockchain networks are already preparing for post-quantum migration. He warned that failure to do so could have disastrous consequences.
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.
Zcash se drží nad 500 USD, zatímco shielded supply se přesouvá z Orchard do Ironwood poolu. Orchard za 24 hodin klesl téměř o 17 % na 1,49 milionu ZEC, Ironwood vzrostl o 15 % na 2,30 milionu ZEC.
Zcash (ZEC) hovers above $500 on Monday, extending a sideways move above its 50-day Exponential Moving Average (EMA) at $490. The privacy coin experiences a shift in shielded supply to the Ironwood pool, from the old Orchard pool amid easing retail demand in Zcash futures. The technical outlook for ZEC is mixed, as the price hovers above the 50-day and 100-day EMAs at $490 and $469, respectively, yet lacks bullish momentum.
Why is Zcash's shielded supply moving to Ironwood Pool?Zcash developers discovered a four-year-old vulnerability in late May that could allow the minting of counterfeit coins, raising security concerns among privacy coin users. ZEC provides a store of value for users prioritizing financial privacy through its shielded transaction features, which conceal transaction data. However, the counterfeit vulnerability could have destroyed its store of value by minting a fake supply of ZEC tokens.
To patch the issue, Zcash developers deployed an emergency hard fork on June 3, followed by the major Ironwood network upgrade in late July 2026.
Zkp.baby data shows the migration from Orchard to the Ironwood pool in progress. Orchard pool is down nearly 17% over the last 24 hours to 1.49 million ZEC, while the Ironwood pool is up 15% to 2.30 million ZEC in the same time period. In addition, the total shielded supply at 4.36 million ZEC is holding steady after a V-shaped rebound from the August 1 low of 3.65 million ZEC, indicating a mild recovery in the privacy coin adoption.
Zcash Shielded Supply. Source: Zkp.babyIs Zcash losing speculative demand?Retail demand for the privacy coin is easing in the near term as the broader crypto market remains risk-averse. CoinGlass data shows the ZEC futures Open Interest (OI) is down nearly 2% over the last 24 hours to $874.29 million, indicating a contraction in positional buildup. At the same time, the funding rate at 0.0075%, down from 0.0098% the previous day, maintains a bullish bias while reaffirming easing demand for long positions.
Zcash derivatives data. Source: CoinGlassTechnical outlook: Could Zcash extend its rally above $550?Zcash holds above $500 on Monday, maintaining a constructive near-term bias. The privacy coin holds above the 50-day, 100-day, and 200-day EMAs at $490, $469, and $414, respectively, reinforcing an underlying uptrend structure.
Momentum is mildly positive, with the Relative Strength Index (RSI) hovering at 53 just above the midline and the Moving Average Convergence Divergence (MACD) line moving flat above its signal line, hinting that buyers are struggling to assert dominance.
On the topside, bulls face their first resistance at the 78.6% Fibonacci retracement level, measured over the recent upswing from the $368 low to the $589 high, at $532. The overhead resistance trendline near $548 reinforces the initial cluster, while a sustained break above these hurdles would open the way to the swing high zone around $589.
ZEC/USDT daily price chart.On the downside, initial support emerges at the 50-day and 100-day EMAs around $490 and $469, followed by the 50% retracement at $465.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
