TLDR BlackRock now ranks as the world’s third-largest Bitcoin holder, according to Arkham data. The asset manager reportedly holds about 764,000 BTC. Only Satoshi Nakamoto and Coinbase hold more Bitcoin than BlackRock. BlackRock moved ahead of Binance, which holds around 670,000 BTC. Strategy reports total Bitcoin holdings of 847,000 BTC. BlackRock now ranks as the third-largest Bitcoin holder globally, according to data released by Arkham. The asset manager holds about 764,000 BTC, placing it behind only Satoshi Nakamoto and Coinbase. The ranking has sparked discussion because Strategy reports total Bitcoin holdings of 847,000 BTC.
BlackRock Moves Ahead of Binance in Bitcoin Rankings Arkham’s latest data places BlackRock among the largest Bitcoin-holding entities worldwide. The report estimates that BlackRock controls around 764,000 BTC through its Bitcoin-related products and holdings. Meanwhile, Satoshi Nakamoto remains the largest holder with 1,096,000 BTC, while Coinbase holds about 970,000 BTC.
The ranking also places BlackRock ahead of Binance. According to Arkham’s figures, Binance accounts for roughly 670,000 BTC. As a result, BlackRock moved above the exchange in the latest list of major Bitcoin holders.
Discussion emerged after the report circulated across the crypto sector. Some market participants questioned BlackRock’s position because Strategy reports larger overall Bitcoin reserves. However, Arkham’s methodology focused on Bitcoin directly attributed to each entity profile.
Why BlackRock Ranked Above Strategy Strategy remains the largest publicly traded corporate Bitcoin holder. The company reports total Bitcoin holdings of 847,000 BTC. On the surface, that figure exceeds BlackRock’s reported 764,000 BTC position.
However, Arkham explained why its ranking placed BlackRock ahead. The report stated that part of Strategy’s Bitcoin remains under custodial arrangements. Therefore, not all holdings appear directly under Strategy’s entity profile.
Arkham reported that about 184,000 BTC from Strategy’s total holdings sit with Fidelity Custody. After accounting for those custodial holdings, approximately 663,000 BTC remain directly associated with Strategy’s profile. That figure falls below BlackRock’s reported 764,000 BTC.
The distinction became central to the ranking debate. Arkham based its list on Bitcoin linked directly to entity profiles rather than total reported ownership. Consequently, BlackRock secured the third position despite Strategy’s larger disclosed Bitcoin reserves.
Arkham Details the Bitcoin Holder Breakdown The report outlined a clear hierarchy among the largest Bitcoin holders. Satoshi Nakamoto leads with 1,096,000 BTC, while Coinbase follows with 970,000 BTC. BlackRock ranks third with approximately 764,000 BTC under Arkham’s calculations.
Binance follows BlackRock with around 670,000 BTC. Strategy appears below BlackRock when custodial holdings receive separate treatment. The ranking reflects Arkham’s tracking approach rather than publicly reported corporate ownership figures.
Arkham stated that BlackRock’s holdings exceed those directly attributed to Strategy’s profile. The data also shows BlackRock maintaining a larger Bitcoin balance than Binance. Those figures currently place the asset manager as the world’s third-largest Bitcoin holder.
BlackRock, one of the world’s largest asset management firms, has been named the third largest global Bitcoin holder according to the latest list published by Arkham. The data estimates that BlackRock currently possesses around 764,000 BTC. This finding has triggered debate because the list places BlackRock ahead of Strategy, a company previously known to have a higher total Bitcoin reserve.
Arkham data ignites debateIn Arkham’s rankings, only Bitcoin creator Satoshi Nakamoto and the US-based crypto exchange Coinbase appear above BlackRock. The report attributes approximately 1,096,000 BTC to wallets linked to Satoshi, while Coinbase is reported to hold 970,000 BTC. Notably, BlackRock is ranked ahead of Binance, which is listed as holding roughly 670,000 BTC.
Arkham’s data shows BlackRock with about 764,000 BTC, placing it just behind Satoshi Nakamoto and Coinbase.
Having become a central player in the ecosystem due to its influence in the spot Bitcoin ETF market, BlackRock is now closely watched by institutional investors. However, this new ranking has reignited questions over whether BlackRock genuinely owns more Bitcoin than Strategy.
Why Strategy appears lower in the rankingPublic data still positions Strategy as the largest corporate Bitcoin holder among publicly listed companies, with a reported 847,000 BTC under management. Despite this, Arkham’s methodology places BlackRock above Strategy, chiefly because some of Strategy’s Bitcoin holdings are kept under custodial arrangements rather than shown directly under its corporate identity.
According to the report, of Strategy’s total 847,000 BTC, approximately 184,000 BTC are secured with Fidelity Custody. As a result, not all of Strategy’s assets are directly attributed to its public on-chain profile. This results in only around 663,000 BTC being counted as directly associated with Strategy, allowing BlackRock’s figure to surpass it in this particular list.
The report indicates that only about 663,000 BTC are recorded under Strategy’s name in the ranking, rather than the full 847,000 BTC, due to asset custodianship arrangements.
Total holdings and rankings differ in meaningAt the heart of the debate is the distinction between “total ownership” and “assets directly attributed to an entity.” This means that the current ranking does not necessarily show BlackRock as having actually accumulated more Bitcoin than Strategy. Instead, it reflects a classification system based on on-chain visibility and custody structures.
Within this framework, BlackRock takes third place on the global list, while Strategy continues to lead among publicly traded companies for direct Bitcoin holdings. The main issue highlighted is not necessarily the total Bitcoin each institution owns, but rather how and where these holdings are stored and registered.
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.
Morgan Stanley 'Buys the Dip', Total Bitcoin Holdings Surpass 4,300 BTC
PANews, June 20 – According to Arkham monitoring data, Morgan Stanley has been "buying the dip" over the past week, accumulating a total of 266.56 BTC worth $17.26 million through its spot Bitcoin exchange-traded fund MSBT. As of now, its total Bitcoin holdings have reached 4,348 BTC, valued at approximately $273.8 million.
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A whale opened long positions on BTC, ETH, and silver totaling $8.29 million, and bought $10.7 million worth of BTC and ETH spot
Shiba Inu is facing renewed selling pressure after one of the token’s earliest and largest holders resumed his distribution campaign.
Arkham has indexed a series of large transfers linked to a wallet widely known for accumulating SHIB during the project’s earliest days. The wallet possesses the tag “$13,752 bought 103 trillion SHIB,” reflecting his early acquisition of the prominent meme coin.
On Monday, the whale moved approximately 600 billion SHIB, worth roughly $2.83 million at the time, to the ForwarderV4 wallet, an address associated with distribution activity.
Whale Sells 600B SHIB/Arkham Notably, the transaction came at a time when Shiba Inu (SHIB) is struggling to regain momentum. The token is down over 18% this month, dropping to multi-year lows around $0.00000453.
Early Shiba Inu Whale Starts Unloading Stash The wallet in question is one of the most closely watched addresses in the SHIB ecosystem due to the scale of its holdings. According to on-chain data, the owner accumulated about 103 trillion SHIB (17.4% of the total market cap) in August 2020, when the project was still relatively new.
At the peak of the 2021 market rally when SHIB hit $0.0000885, the stash had a value of more than $9.1 billion. Despite the outsized gains, the holder largely remained inactive for years, leaving the tokens untouched while the broader market experienced multiple cycles.
That pattern appears to have changed. Over the last month, the wallet has sent roughly 3.8 trillion SHIB to addresses linked to distribution activity. This brings the estimated liquidation to over $20 million realized during this period.
A Large Supply Overhang Remains Before this latest wave, the last time the wallet sold was 6 months ago. The incessant selloffs have raised concern about the intentions of the whale. Notably, such huge sales after years of holding suggest a gradual loss of confidence in the position.
While it has sold a considerable amount of SHIB, the whale’s remaining holdings still dwarf recent sales. Arkham shows that the address still controls 96.2 trillion SHIB, valued at approximately $433 million at current prices.
Early Shiba Inu Whale Holdings/Coinglass That remaining balance represents a significant source of potential supply hanging over the market. If the whale continues current selling activity, it could further add selling pressure to Shiba Inu’s price.
The selling activity also appears to be a broader market trend. Per CryptoQuant, the total exchange netflow remains positive, suggesting that wallets are depositing more SHIB tokens to trading platforms than they are withdrawing. Over the past 24 hours, a net of 695.4 billion tokens entered exchanges, signaling distribution as price struggles.
Shiba Inu Trending Metrics/CryptoQuant DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The Ethereum Foundation has eliminated 54 positions, about 20% of its workforce, as part of a restructuring tied to its updated spending mandate. Vitalik Buterin announced a 40% annual budget cut targeting a reduction in treasury spend from 15% to 5% by 2030. Arkham Intelligence places EF's ETH holdings at approximately $209 million, a nearly six-year low.
The Ethereum Foundation has cut 54 employees, roughly 20% of its staff, in the most concrete austerity measure the organization has taken since pledging to reduce its treasury spending rate.
The Foundation announced the changes Tuesday, saying the cuts conclude a months-long reorganization tied to its updated Mandate and Treasury Management Policy. Vitalik Buterin separately posted on X that the EF is cutting its annual budget by approximately 40% this year, targeting a reduction in annual operating expenses from around 15% of treasury to a long-term baseline of 5% after 2030.
[[embed:tweet url="https://x.com/VitalikButerin/status/2069428396661051587"]] Arkham Intelligence tracked the EF's ETH holdings at approximately $209 million, a nearly six-year low by dollar value, as The Defiant has reported in this arc.
New StructureThe Foundation has reorganized into five domains: protocol layer, access layer, user layer, community layer, and institutional layer, plus operations and management clusters. The protocol cluster is focused on advancing the base layer without compromising censorship resistance or self-sovereignty guarantees; the institutional cluster handles enterprise engagement, financial infrastructure, and policy coordination. The EF said the process leaves it with "the structure, activities, and people necessary for execution on the critical tasks ahead." Departing staff receive severance at one month's pay per year of service, or the locally mandated minimum if higher, plus transition grants.
The 15%-to-5% glide path was codified in the Treasury Management Policy published in June 2025, which set a plan to reduce annual operating expenses roughly linearly over five years toward a baseline typical of endowment-based organizations.
Leadership TurnoverThe layoffs follow a string of senior departures. Co-executive director Hsiao-Wei Wang stepped down earlier this month, following the prior exit of co-executive director Tomasz Stańczak. Board member Bastian Aue has taken on expanded responsibilities overseeing the transition. Nine senior figures have departed the Foundation since January, as The Defiant covered in May.
The funding picture has drawn scrutiny. An insider warned of a $20-30 million gap affecting core development teams; Fundstrat's Tom Lee argued there was "zero chance" of a funding crisis. The EF's execution plan published Monday outlined priorities including MEV elimination, default privacy, and ETH-denominated pay for contributors. As of publication, the EF has made no additional public statement beyond the Tuesday blog post.
PANews, June 24 – According to Arkham monitoring, the Ethereum Foundation's ETH holdings have dropped to their lowest level in nearly six years (in USD terms), currently standing at $209 million worth of ETH. Over the past two and a half weeks, the value of its ETH holdings hit a nearly six-year low, with the last time it was below the current level being in October 2020.
Decentralized Layer-1 blockchain, Kaspa, recently hit the 600M milestone in total transactions. The feat represents a key development for the protocol, given that its first transaction occurred over 5 years ago, on November 7, 2021.
As of February 20, 2026, data from Kaspa’s official explorer shows:
Total transactions: Over 601 millionTotal blocks: 361,742,049Circulating supply: 27,219,524,810 KAS (94.84% of total supply mined)Average block time: 0.1 secondsWallet addresses: 540,468Current block reward: 3.270 KAS, with a scheduled reduction on March 6, 2026How Did Kaspa Reach 600 Million Transactions?Kaspa’s mainnet has been live for approximately 1,566 days as of February 2026. Over that period, the network has averaged about 386,700 transactions per day. On February 7, 2026, the network recorded more than 597 million transactions. By February 14, explorers and community sources confirmed the total had exceeded 600 million. As of February 18, the count passed 601 million, with recent hourly data showing about 17,000 transactions processed.
Several high-volume events in 2025 provide context:
September 29, 2025: Approximately 60 million transactions in a single day, with around 250,000 active addresses and about 680 transactions per second (TPS).October 5, 2025: More than 158 million transactions in one day.October 6, 2025: Around 151 million transactions handled on Layer-1 without reported downtime.These peaks demonstrate the network’s ability to process sustained high volumes directly on its base layer.
What Technical Features Enable Kaspa’s High Throughput?Kaspa’s BlockDAG architecture allows multiple blocks to be created and confirmed in parallel. The network currently operates at 10 blocks per second following the Crescendo hardfork. Average block time is approximately 0.1 seconds.
In contrast, Bitcoin typically processes 3 to 7 TPS due to its sequential block model, with confirmations measured in minutes. Testnet 11 has reportedly sustained 2,400-3,000 TPS without interruption, with storage requirements under 200 GB and no reported compromise in consensus security. In additional tests, throughput reached about 4,000 TPS.
For comparison, centralized payment networks such as Visa and Alipay are often cited as benchmarks for high transaction capacity. Some Kaspa stress tests recorded per-second volumes that approached or exceeded these levels under controlled conditions.
Kaspa’s design follows Nakamoto consensus principles but generalizes them through BlockDAG to support parallel processing. The network has no central governance authority.
Most importantly, institutional mining participation has increased. Marathon Digital reported mining approximately $16 million worth of KAS by mid-2024, reflecting diversification beyond Bitcoin mining.
What Developments Are Planned for 2026?A Covenant-centric hardfork is scheduled for May 2026. This upgrade is expected to enable native assets and lay the groundwork for smart contract functionality.
Planned ecosystem components include:
SilverScript is intended to support decentralized finance (DeFi) applicationsKRC-20 token standardsAdditional developer tools and infrastructureKaspa’s on-chain activity is notable, though it is not prominently listed in total value locked (TVL) rankings tracked by platforms such as DeFiLlama, which primarily covers EVM-compatible chains. For context, Ethereum has about $54.3 billion in TVL, while Solana recently reported weekly TVL growth of 6.83%.
The 600 million transaction milestone provides a measurable indicator of network usage as Kaspa expands its feature set.
ConclusionKaspa’s 600 million total transactions reflect sustained activity on a PoW Layer-1 blockchain using BlockDAG architecture. The network has demonstrated the ability to process high daily volumes, maintain sub-second block times, and support parallel block production without reported downtime during peak events.
With 94.84% of its supply mined, a scheduled block reward reduction, and a planned hardfork to introduce native assets, the network is entering a new technical phase. The milestone confirms measurable throughput and adoption since its 2021 launch, while upcoming protocol changes will test its capacity to support broader use cases.
Sources:Kaspa Explorer: Total transactions, supply, blocks, etcDefillama: TVL Data for 2026
According to data from SoSoValue, US spot Bitcoin ETFs have logged their second straight week of net inflows, the first such streak in five months. The funds drew about $568 million this week after $787 million in inflows the previous week. In other news, AI narrative is dominating the 2026 market.
One project that is leading the race is DeepSnitch AI (DSNT). The project has just crossed $2M in funding, and its live AI agents are gaining wide attention in the market ahead of the March 31 presale deadline. This influx of capital highlights a massive shift toward functional tools, with the DSNT token already delivering a 191% price increase for early backers ahead of its public debut.
Given its current momentum, many investors have been asking: What is the DeepSnitch AI price prediction for 2026? Keep reading to find out why many top traders have pegged their DeepSnitch AI price prediction at 100X-300X.
Spot Bitcoin ETFs record second straight week of inflows for the first time in five months Table of Contents
Spot Bitcoin ETFs record second straight week of inflows for the first time in five monthsDeepSnitch AI price prediction 2026: Is this your last chance to buy at this low price?1. DeepSnitch AI (DSNT): An AI-powered crypto with 100X potential2. Kaspa: Can bulls defend the key support level?3. Plume price pumps 57% from all-time lowFinal verdictFAQs1. What is the price prediction for DeepSnitch AI crypto in 2030?2. What is the DeepSnitch AI price prediction for 2026?3. Does DeepSnitch AI have a future? US spot Bitcoin ETFs have recorded their second consecutive week of net inflows, marking the first such streak in five months. According to data from SoSoValue, the funds attracted about $568.45 million this week after posting $787.31 million in inflows the previous week.
The turnaround signals renewed investor interest following a prolonged withdrawal period. Prior to the rebound, spot Bitcoin ETFs experienced roughly $3.8 billion in cumulative outflows over five weeks, with the largest weekly loss of $1.49 billion recorded in late January. The recent inflows suggest sentiment toward Bitcoin investment products may be stabilizing.
DeepSnitch AI price prediction 2026: Is this your last chance to buy at this low price? 1. DeepSnitch AI (DSNT): An AI-powered crypto with 100X potential If you have been searching the crypto market lately for a project with real infrastructure and utility that can sustain long-term, high upside growth, DeepSnitch AI might just be the answer. Unlike other projects that depend on hype, the DeepSnitch AI outlook is bullish because it has a clear utility.
The project seeks to transform the crypto scene using artificial intelligence. It has five AI agents that can evaluate market trends and provide clear insights to help you decide whether to buy or sell.
One of the agents is AuditSnitch. The AuditSnitch excels at identifying rug-pull signatures and detecting sophisticated smart contract exploits before they trigger.
Another tool is SnitchScan. It serves as the “gem hunter.” The agent serves as an automated screening tool that analyzes on-chain metrics to highlight high-potential projects. These AI agents, together, form the intelligence layer of DeepSnitch AI and are presented in a single user interface for easy access.
To access these AI agents and enjoy limitless staking APY, you need the DSNT coin in the ecosystem. It is currently in the sixth phase of its presale and is priced at $0.04399, representing a 191% gain for those who bought early.
Given its utility and huge demand, the DeepSnitch AI price prediction for 2026 is very bullish. Those who get into the presale before March 31 could be among those who will record 100X-300X returns on their investment.
2. Kaspa: Can bulls defend the key support level? The Kaspa coin has dropped from its weekly high of $0.0324 amid market volatility. As of March 9, the Kaspa price was $0.0298. Bulls are currently testing the $0.0290 support level for a potential breakdown.
On the flip side, if the Kaspa price remains above support, it could retest its current weekly high in the coming days. Presently, technical indicators, such as the Fear and Greed Index, signal low investor interest.
The metric has dipped into the Extreme Fear region. Still, CoinCodex predicts that the Kaspa coin price might surge to $0.0928 in the coming months.
3. Plume price pumps 57% from all-time low One of the best-performing coins in March is Plume, the native token of an EVM-compatible L1 blockchain to tokenize real-world assets. On February 28, the Plume price fell to a record low of $0.008549, after a significant sell-off in the crypto market.
As of March 9, the Plume coin was trading at $0.013, a 57% increase from its all-time low. The Plume crypto is one of the few coins that has shown resilience amid the ongoing market volatility. Globe of Crypto forecasts that the Plume price might pump to $0.022 soon.
Final verdict To conclude, the DeepSnitch AI price prediction for this year is a bullish one, thanks to its AI utility, which may drive its usage and price increase. In addition, the project has attracted over $2M in capital and provided initial investors with a profit of more than 191%.
To the ones who have not joined the train yet, DeepSnitch AI presale will conclude on March 31, and exchange listings will follow shortly on Uniswap and other tier-1 platforms. This might be your last opportunity to get in at a very low price of $0.04399.
Visit the official website for more information, and join X and Telegram for community updates.
FAQs 1. What is the price prediction for DeepSnitch AI crypto in 2030? The DeepSnitch AI outlook looks very optimistic in 2030. The utility-based project will be priced at an expected price of $10 by 30, and will take advantage of massive adoption by traders and investors.
2. What is the DeepSnitch AI price prediction for 2026? The DeepSnitch AI price target for 2026 is $1-$5, given the current presale demand and potential tier-1 exchange listings. There is also a massive boom in the AI sector, which has accelerated the need for AI solutions like DeepSnitch AI’s advanced AI agents. Such potential growth makes the DeepSnitch AI presale a good investment opportunity.
3. Does DeepSnitch AI have a future? As an AI-based crypto with a strong early-stage advantage and AI utility, DeepSnitch AI is expected to see huge adoption and price growth in the future. Several bullish DeepSnitch AI forecast discussions have flooded the market since its launch. Those who get the DSNT coin at the current price of $0.04399 could see returns of 100X-300X after the presale ends on March 31.
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.
Kaspa [KAS] is garnering widespread attention from crypto enthusiasts due to its impressive performance. The asset has not only gained amid the broader market recovery but has also broken a key hurdle. This signals that a massive upside rally may be on the horizon.
According to CoinMarketCap data, KAS has climbed over 11.50% in the past 24 hours and was trading at $0.03609 at press time. Additionally, market participation has seen a significant increase. This was reflected in trading volume, which surged by more than 130% to $36.88 million.
Rising trading volume shows heightened participation from traders and investors during the price recovery and suggests that market participants are increasingly interested in the current trend.
Kaspa price action and technical analysis AMBCrypto’s daily chart analysis shows KAS turning bullish and primed for a major rally. With the recent upside move, the asset has broken out of a key resistance level of $0.035. A level that it had been facing since the 1st of February 2026.
Source: TradingView If KAS closes a daily candle above this key level, it could see a price jump of 51% and may reach the $0.055 level. However, $0.040 appears to be a key resistance level that could act as a hurdle for the asset in its upcoming rally.
Despite the bullish breakout, the technical indicator Relative Strength Index (RSI) has reached 72.02 at the time of writing. This indicates that the asset is in overbought territory, suggesting that the asset might see a potential correction before the next leg up.
Meanwhile, the Average Directional Index (ADX), which measures trend strength, stood at 19.77, below the key threshold of 25, indicating weak directional momentum in the asset.
KAS sees mixed sentiment among market participants In addition to the price action, CoinGlass reveals that both investors and traders have mixed sentiment, as short-term participants are following the trend while long-term holders appear to be booking profits.
Data shows that $0.0319 on the lower side (support) and $0.0358 on the upper side (resistance) are two major levels where traders are overleveraged. In fact, traders at these levels have built $1.02 million in long leveraged positions and $177.6K in short leveraged positions.
However, these positions could be liquidated if the KAS price moves in either direction. Based on this data, it appears that bulls are dominating the asset, while sellers’ interest seems to be fading.
Source: CoinGlass Meanwhile, data on KAS spot inflows/outflows shows that over the past 48 hours, a massive $1.22 million worth of the asset has flowed into exchanges. The movement of assets from wallets to exchanges typically indicates that long-term holders may be preparing for a sell-off. This sign is considered a bearish sign for the asset.
Source: CoinGlass Final Summary With an 11.50% price jump, Kaspa has broken out of a key resistance level. Derivatives data indicate that short-term participants are following the trend, while long-term holders appear to be showing fading interest.
While the broader market’s attention has been fixed on Bitcoin’s volatility and Ethereum’s recovery attempts, Kaspa (KAS) has been quietly doing something remarkable. The asset has surged to $0.04050, up 3.5% over the last 24 hours amid a flurry of trading activity.
This move follows a prolonged period of consolidation, or “cooling off,” where the price moved sideways for weeks. Now, sticking its head above the parapet, Kaspa has reached its highest level in 51 days. Recent data indicates a 30% surge over the last week, suggesting that bull traders betting on a price increase are regaining control.
However, indicators on the 4-hour chart are flashing warning signs of exhaustion, hinting that the rally might need to catch its breath before aiming for new highs. While technical patterns like the “Cup & Handle” suggest long-term growth, the immediate future hinges on holding key support levels.
(SOURCE: TradingView)
Can Kaspa Sustain Momentum to Break $0.05? The current price action for Kaspa is defined by a battle at the $0.040 psychological barrier. Currently trading at $0.04050, KAS is testing the upper limits of a steep ascending channel. In technical analysis, consistent “higher highs” usually confirm a bullish trend, but the speed of this ascent raises questions about sustainability.
If the momentum continues, analysts suggest a potential breakout toward the $0.055 region, which would represent a roughly +51% rally from current support zones.
However, if sellers step in to take profits, the price could revisit the primary support level (S1) at $0.03782. Falling below this floor could see KAS test deeper liquidity at $0.03564.
THIS IS WHAT A REAL BREAKOUT LOOKS LIKE$KAS spent months bleeding.
Lower highs. No strength. Dead chart.
Then it stopped.
Tight accumulation at the lows.
And now?
Price is reclaiming levels one by one.
That’s how expansion starts.
Not with a pump… but with a shift.
If… pic.twitter.com/pVGLb5Gdgd
— VERTIX (@0xVertix) March 18, 2026
Volume data supports the bullish case for now, with $51.1M in daily volume validating the price increase. Yet, identifying the exact top of a short-term pump is notoriously difficult.
For those holding KAS, the outlook appears positive, provided the $0.037 support holds. But for new capital entering the market, the risk-to-reward ratio on a coin that has already pumped +30% in a week requires careful consideration. Is the easy money already made?
DISCOVER: The Next 1000x Crypto Gem Before It Lists on Exchanges
Maxi Doge Targets Early Mover Upside as Kaspa Tests Key Levels
(SOURCE: Maxi Doge)
While Kaspa focuses on technical scalability and gradual gains, a different segment of the crypto market is chasing high-leverage volatility in the meme coin sector. Rotations are common in crypto cycles: profits often flow from established mid-cap coins into speculative early-stage projects. One such project currently capturing attention is Maxi Doge ($MAXI).
Maxi Doge is branding itself as the “personal trainer” of the meme coin world. Moving away from the passive “hold and hope” strategy of traditional dog coins, $MAXI introduces a culture of 1000x leverage and high-stakes competition.
It features holder-only trading competitions and a “Maxi Fund” treasury designed to support liquidity and partnerships. The project’s tagline, “Never skip leg-day, never skip a pump”, appeals directly to the aggressive “gym-bro” trading demographic.
The numbers reflect growing interest in this niche. The MAXI presale has already raised exactly $4.6M, with tokens currently priced at $0.0002809. Early participants are also taking advantage of the project’s dynamic staking APY, which rewards users for locking their tokens before the public listing.
Investing in presales carries distinct risks compared to established assets like Kaspa; liquidity is lower, and volatility is significantly higher. However, for traders monitoring new market entrants, the lower entry price of MAXI offers a different strategic play than buying a coin already near local highs.
As the “meme supercycle” narrative continues to evolve alongside technical breakouts in the broader altcoin market, these hybrid utility-meme tokens are carving out their own lane.
Visit the Maxi Doge Presale
DISCOVER: Top Crypto Presales to Watch Now
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Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
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Following six months of testing with zero state divergence, Igra Network opens public access to a 3,000+ TPS smart contract environment secured by proof-of-work consensus. Fifteen protocols are deploying at launch alongside cross-chain connectivity through Hyperlane. A security audit by Sigma Prime completed with no unresolved issues.
Igra Labs has opened public access to Igra Network, a decentralized EVM-compatible execution layer built on Kaspa’s proof-of-work BlockDAG. The mainnet launch follows a testnet that processed over 730,000 transactions across 21 million blocks with zero state divergence.
Kaspa is a proof-of-work blockchain with a market capitalization nearing $1 billion and more than 500,000 active addresses. The ecosystem generated $486 million in trading volume on the day KRC-20 token protocol functionality launched, demonstrating significant latent demand for on-chain activity. Despite that demand, the ecosystem has operated with less than $1 million in DeFi total value locked due to the absence of a decentralized and programmable smart contract layer. Igra Network is built to close that gap. By inheriting Kaspa’s proof-of-work security while delivering full Ethereum Virtual Machine compatibility, the network gives the ecosystem’s existing user base and a global developer community of over 100,000 Solidity engineers a shared execution environment for the first time.
Igra operates as a based rollup, a design in which transaction ordering is delegated entirely to the base layer rather than handled by a centralized sequencer. Kaspa miners sequence Igra transactions without the ability to read their contents, a structural property that provides resistance to MEV extraction, front-running, and transaction censorship at the protocol level rather than as an application-layer patch.
The network delivers over 3,000 transactions per second with sub-second inclusion latency, powered by Kaspa’s 10-block-per-second BlockDAG architecture and parallel transaction sequencing. Unlike linear blockchains where transactions queue in a single ordering chain, the BlockDAG processes multiple blocks simultaneously, providing the throughput required for DeFi workloads at scale. A security audit by Sigma Prime, the firm behind Ethereum’s Lighthouse consensus client, completed clean with no unresolved issues.
Fifteen protocols have committed to deploy at launch spanning DeFi, infrastructure, wallets, and stablecoins. Launch partners include Kaskad (Aave V3-style lending and borrowing), ZealousSwap (Uniswap v2 decentralized exchange), Zealous Auctions Protocol (Continuous Clearing Auctions token launch), Hyperlane (cross-chain messaging and USDC.e bridging), Kasperia and Kasware (wallets), KAT Bridge (KRC-20 Token and KRC-721 NFT bridging), Dagscan (block explorer), and Kaspa.com (DEX and launchpad). Ecosystem partners collectively manage over $5 million in total value locked across the Kaspa ecosystem. Kaspa’s native token wraps 1:1 to iKAS on Igra through a trust-minimized bridge backed by locked KAS on L1, serving as the network’s gas token.
Igra Labs plans to introduce a second-generation execution engine incorporating Block-STM parallel processing in the second half of 2026, alongside agent-native infrastructure for machine-to-machine payment, identity, and orchestration, positioning the network for the emerging autonomous agent economy.
“There is over a billion dollars in ecosystem value on Kaspa and $486 million in volume on a single day when KRC-20 launched, yet almost no sufficiently decentralized programmable infrastructure exists to capture it,” said Pavel Emdin, CEO of Igra Labs. “That gap is now closed. Igra delivers full EVM programmability without compromising on the security properties that brought people to proof-of-work.”
“Fifteen teams committed before mainnet went live. Hyperlane gives us cross-chain connectivity and stablecoin access from day one, and Kaskad brings institutional-grade lending to proof-of-work for the first time,” said Ashton Wood, Head of Ecosystem and Business Development at Igra Labs. “The infrastructure is live and the ecosystem is ready.”
The Igra Labs core team includes former DAGLabs engineers who contributed to shipping Kaspa’s original mainnet, alongside Panther Protocol alumni and EVM client contributors. The project is governed by a Swiss association, with a functioning DAO governance structure following a successful token generation event.
A public token auction for the IGRA governance and security token is scheduled for late March 2026 through ZAP (Zealous Auctions Protocol), an on-chain continuous clearing auction on Igra Network (https://igralabs.com/public-auction/overview). The same mechanism powered Aztec’s $59 million sale—on-chain price discovery, no lockup or vesting, tokens fully liquid on claim. Participation is open to anyone with iKAS on the network ($0.006 floor; three-point-five percent of supply). Details at igralabs.com. Secondary on-chain trading through ZealousSwap DEX.
About Igra Network
Igra Network is a based rollup on Kaspa’s proof-of-work BlockDAG delivering full EVM compatibility, 3,000+ TPS, sub-second finality, and architectural MEV resistance without a centralized sequencer. Learn more at igralabs.com (https://igralabs.com).
[PRESS RELEASE – Zug, Switzerland, March 19th, 2026]
Following six months of testing with zero state divergence, Igra Network opens public access to a 3,000+ TPS smart contract environment secured by proof-of-work consensus. Fifteen protocols are deploying at launch alongside cross-chain connectivity through Hyperlane. A security audit by Sigma Prime completed with no unresolved issues.
Igra Labs has opened public access to Igra Network, a decentralized EVM-compatible execution layer built on Kaspa’s proof-of-work BlockDAG. The mainnet launch follows a testnet that processed over 730,000 transactions across 21 million blocks with zero state divergence.
Kaspa is a proof-of-work blockchain with a market capitalization nearing $1 billion and more than 500,000 active addresses. The ecosystem generated $486 million in trading volume on the day KRC-20 token protocol functionality launched, demonstrating significant latent demand for on-chain activity. Despite that demand, the ecosystem has operated with less than $1 million in DeFi total value locked due to the absence of a decentralized and programmable smart contract layer. Igra Network is built to close that gap. By inheriting Kaspa’s proof-of-work security while delivering full Ethereum Virtual Machine compatibility, the network gives the ecosystem’s existing user base and a global developer community of over 100,000 Solidity engineers a shared execution environment for the first time.
Igra operates as a based rollup, a design in which transaction ordering is delegated entirely to the base layer rather than handled by a centralized sequencer. Kaspa miners sequence Igra transactions without the ability to read their contents, a structural property that provides resistance to MEV extraction, front-running, and transaction censorship at the protocol level rather than as an application-layer patch.
The network delivers over 3,000 transactions per second with sub-second inclusion latency, powered by Kaspa’s 10-block-per-second BlockDAG architecture and parallel transaction sequencing. Unlike linear blockchains where transactions queue in a single ordering chain, the BlockDAG processes multiple blocks simultaneously, providing the throughput required for DeFi workloads at scale. A security audit by Sigma Prime, the firm behind Ethereum’s Lighthouse consensus client, completed clean with no unresolved issues.
Fifteen protocols have committed to deploy at launch spanning DeFi, infrastructure, wallets, and stablecoins. Launch partners include Kaskad (Aave V3-style lending and borrowing), ZealousSwap (Uniswap v2 decentralized exchange), Zealous Auctions Protocol (Continuous Clearing Auctions token launch), Hyperlane (cross-chain messaging and USDC.e bridging), Kasperia and Kasware (wallets), KAT Bridge (KRC-20 Token and KRC-721 NFT bridging), Dagscan (block explorer), and Kaspa.com (DEX and launchpad). Ecosystem partners collectively manage over $5 million in total value locked across the Kaspa ecosystem. Kaspa’s native token wraps 1:1 to iKAS on Igra through a trust-minimized bridge backed by locked KAS on L1, serving as the network’s gas token.
Igra Labs plans to introduce a second-generation execution engine incorporating Block-STM parallel processing in the second half of 2026, alongside agent-native infrastructure for machine-to-machine payment, identity, and orchestration, positioning the network for the emerging autonomous agent economy.
“There is over a billion dollars in ecosystem value on Kaspa and $486 million in volume on a single day when KRC-20 launched, yet almost no sufficiently decentralized programmable infrastructure exists to capture it,” said Pavel Emdin, CEO of Igra Labs. “That gap is now closed. Igra delivers full EVM programmability without compromising on the security properties that brought people to proof-of-work.”
“Fifteen teams committed before mainnet went live. Hyperlane gives us cross-chain connectivity and stablecoin access from day one, and Kaskad brings institutional-grade lending to proof-of-work for the first time,” said Ashton Wood, Head of Ecosystem and Business Development at Igra Labs. “The infrastructure is live and the ecosystem is ready.”
The Igra Labs core team includes former DAGLabs engineers who contributed to shipping Kaspa’s original mainnet, alongside Panther Protocol alumni and EVM client contributors. The project is governed by a Swiss association, with a functioning DAO governance structure following a successful token generation event.
A public token auction for the IGRA governance and security token is scheduled for late March 2026 through ZAP (Zealous Auctions Protocol), an on-chain continuous clearing auction on Igra Network (https://igralabs.com/public-auction/overview). The same mechanism powered Aztec’s $59 million sale—on-chain price discovery, no lockup or vesting, tokens fully liquid on claim. Participation is open to anyone with iKAS on the network ($0.006 floor; three-point-five percent of supply). Details at igralabs.com. Secondary on-chain trading through ZealousSwap DEX.
About Igra Network
Igra Network is a rollup based on Kaspa’s proof-of-work BlockDAG delivering full EVM compatibility, 3,000+ TPS, sub-second finality, and architectural MEV resistance without a centralized sequencer. Learn more at igralabs.com (https://igralabs.com).
Kaspa price shot up to a seven-week high of $0.041 on Thursday before settling at $0.037 at press time. It has now confirmed a breakout from a multi-year falling wedge pattern, which could spur more gains ahead.
Summary
Kaspa surged to a seven-week high near $0.041 and confirmed a breakout from a multi-year falling wedge, signaling potential for further upside. Technical indicators, including Supertrend and Aroon, point to a strengthening bullish trend, with resistance at $0.038 and a potential move toward $0.056. Exchange outflows of $1.8 million suggest rising investor accumulation and reduced sell-side liquidity, supporting the bullish outlook. According to data from crypto.news, Kaspa (KAS) rallied to a seven-week high of $0.037 on March 19. Trading at $0.037 at press time, the token is up nearly 42% from its year-to-date low.
Technicals suggest that the token could still jump at least another 50% before hitting exhaustion.
On the daily chart, Kaspa price has broken out of a multi-year falling wedge pattern formed of two descending and converging trendlines. Typically, when an asset breaks out from the upper side of the pattern, it sees strong upside over the following days.
Kaspa price In Kaspa’s case, the upside scenario is further reinforced by bullish signals from technical indicators. The Supertrend, a tool used to measure market trend direction and volatility, flashed a green signal as the price moved above the key overhead trendline.
Additionally, the Aroon indicator shows the Aroon Up at 92.86% while the Aroon Down was at 14.29%, suggesting that a powerful new uptrend is currently in control.
For now, the immediate resistance for Kaspa lies at $0.038, the 23.6% Fibonacci retracement level drawn from the May 12 high of $0.13 last year to the Oct. 10 low of $0.0090.
A decisive breakout from here with strong volume can push its price to $0.056, which aligns with the next Fibonacci retracement level and lies nearly 51% above the current price.
Investors are withdrawing Kaspa from exchanges The bullish outlook for Kaspa could gain further support from rising exchange outflows, as investors have begun moving their holdings off exchanges. Per data from CoinGlass, nearly $1.8 million worth of Kaspa has left exchanges recently.
Such a sudden spike in outflows means that investors are likely withdrawing Kaspa to self-custody wallets, potentially due to expectations of significant future price appreciation. This often leads other market participants to follow suit and further reduces the available sell-side liquidity.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Kaspa's upcoming Toccata hard fork will add two new programmability paths to the network: native L1 covenant programming and based zero-knowledge (zk) application infrastructure, with mainnet activation now scheduled for June 5–20, 2026, pushed back from the original May 5 target.
Michael Sutton of Kaspa Core published a detailed update on what the hard fork includes, why the date moved, and how the next few months are expected to unfold. The fork was originally initiated by Ori Newman as an effort to bring covenants into Kaspa's script engine, partly in response to the OP_CAT discussion in Bitcoin circles. It has since grown into something considerably larger.
What Is The Toccata Hard Fork?Toccata is a scheduled hard fork for the Kaspa network that introduces new capabilities directly into the base layer. A hard fork, for those less familiar, is a protocol upgrade that is not backward-compatible. All nodes must upgrade to continue participating in the network.
The name follows Kaspa's tradition of using musical references for major upgrades. This one takes its name from a classical musical form, the toccata, a piece designed to showcase technical skill across a keyboard instrument.
At a high level, Toccata adds two things to Kaspa:
Native L1 covenant programming via a new compiler called SilverscriptBased zk application infrastructure, built on top of those same covenant foundationsThese are not interchangeable systems. They serve different use cases and target different developer audiences.
What Are Covenants And Why Do They Matter For Kaspa?Covenants are conditions placed on how funds in a transaction output can be spent in the future. In a standard Bitcoin or Kaspa transaction, once coins are sent, the recipient can do whatever they like with them. Covenants change that by embedding spending rules directly into the script.
Kaspa uses a UTXO model, similar to Bitcoin, where each transaction consumes existing outputs and creates new ones. Covenants in a UTXO system allow developers to build surprisingly complex stateful multi-contract flows, even though the underlying computation remains local to each UTXO.
To make covenant development more accessible, Kaspa Core is finalizing Silverscript, a compiler initiated by Ori Newman, Michael Sutton, IzioDev, and Manyfest. Silverscript is designed to make it easier and safer to write and deploy complex covenants directly on Kaspa L1, without developers needing to work at the raw script-engine level.
What Are Based ZK Applications?The second programmability pillar introduced in Toccata is based zk applications. This is the more technically dense of the two and worth unpacking carefully.
ZK stands for zero-knowledge, a cryptographic method that lets one party prove something is true without revealing the underlying data. ZK proofs are increasingly used in blockchain scaling because they allow off-chain computation to be verified on-chain cheaply and securely.
"Based" in this context means the zk system fully follows L1 sequencing. A based zk application cannot add or drop transactions independently. It is anchored to Kaspa's own transaction order, which is what makes it trustworthy without a separate sequencer.
Toccata introduces several components to support this:
ZK verification opcodes, including a flexible Groth16 verifier and a RISC Zero STARK verifierA sequencing commitment access opcode, enabling based applications to anchor themselves to L1 orderingKIP-21, a partitioned sequencing commitment architecture that ensures a zk app's proving costs scale with its own activity, not with overall DAG activityThe RISC Zero STARK verifier is already implemented and activated on testnet 12. Whether it activates on mainnet is still being decided.
Why Proving Costs MatterFor any zk application to be practical, the cost of generating proofs needs to stay proportional to what the application itself does. If a zk app had to prove work relative to all activity on the broader DAG, costs would become unpredictable and unmanageable. KIP-21 solves this by partitioning sequencing commitments, keeping each app's workload self-contained.
What Is Already In Place?A significant portion of the hard fork is already implemented. The following features are already built:
Extended script-engine opcode support, the core covenants backbone, under KIP-17Covenant IDs for lineage management as a consensus and engine feature, under KIP-20ZK opcodes with a zk-verifier precompile subsystem, under KIP-16, authored by Alexander SafstromSequencing commitment access opcodeKIP-21, authored by Sutton and implemented by Maxim Biryukov, fully implemented and pending reviewProof-of-concept milestones, including inline zk covenants and based zk covenants with a KAS canonical bridge, have also been completed by Maxim and were instrumental in shaping the final design of the fork.
Why Did The Hard Fork Date Move To June?The original mainnet target was May 5, 2026. It has since moved to a window of June 5–20, 2026.
The reason is architectural. Once zk circuits and runtimes bind to a sequencing commitment hashing structure, any structural changes after the fact become breaking changes. Getting the design wrong and patching it later would be far more disruptive than taking the extra time now.
KIP-21 is already designed to be future-compatible with the commitment scheme that will eventually be required by vprogs, Kaspa's longer-term roadmap for synchronously composable verifiable programs. Locking in the right structure before mainnet activation avoids costly migrations later.
The feature freeze is expected on April 15, 2026.
What Happens Between Feature Freeze And Mainnet?After the April 15 feature freeze, Kaspa Core plans a clean restart of the dedicated testnet, TN12, with the full final feature set included. This is not a simulation of the hard fork transition. It is a clean network for testing the complete feature set in its final form.
From there, the team will merge the accumulated months of work from a long-lived pending branch back into the master codebase. That process involves final auditing, closing open items, perfecting hard-fork activation logic, and handling database upgradability.
Once that work is complete, a test hard fork will run over TN10, the long-term testnet, to simulate a full mainnet-style transition. The mainnet date will only be hardcoded after that rehearsal runs to the team's satisfaction.
What Node Operators Should ExpectFor miners and node operators, the upgrade is designed to be straightforward. Nodes need to be updated, and existing functionality should continue working. Disk space requirements are expected to increase by roughly 20 to 50 percent. No dramatic infrastructure changes are anticipated.
What Toccata Actually Delivers For KaspaToccata adds two working programmability systems to Kaspa's base layer: native L1 covenant scripting through Silverscript, and based zk application infrastructure through KIP-16, KIP-20, and KIP-21. A large portion of the technical work is already done. What remains is finalizing interfaces, merging the pending branch into master, and running a full rehearsal on TN10 before the mainnet date is confirmed.
The June 5–20, 2026 window exists because the team chose to get the sequencing commitment architecture right the first time rather than fix it later under live conditions. For node operators, the upgrade is designed to be straightforward, with no major infrastructure changes beyond a modest increase in disk space.
ResourcesKaspa on X: Post (April, 2026)
Blog article by Michael Sutton: Kaspa Covenants++ “Toccata” Hard-Fork Outlook
TLDR: Kaspa trades near critical support as price compression signals a potential high volatility breakout soon Descending resistance continues to cap price while buyers defend the $0.033 support zone repeatedly A move above $0.05 could shift momentum and open upside toward $0.07 and higher resistance levels Failure to hold support may trigger a sharp drop toward the next demand zone near $0.025 levels Kaspa’s daily price structure is approaching a critical moment as the price compresses near long-standing support. Market participants are closely watching whether the asset can reclaim higher levels or extend its broader downtrend after months of sustained selling pressure.
Kaspa Price Structure Signals Tight Compression A recent tweet from market analyst JACKIS draws attention to Kaspa’s evolving chart structure across multiple phases.
The asset previously experienced a sharp rally, climbing from near $0.005 to above $0.20. That move formed a classic expansion phase, supported by higher highs and strong momentum.
Kaspa looks absolutely astonishing at these levels
If the market finishes the job and pushes through its March highs, I think we get a pretty solid Q2 rally pic.twitter.com/HUsa4S26ch
— JACKIS (@i_am_jackis) April 10, 2026
However, price action later transitioned into a choppy range between $0.12 and $0.20. This phase showed repeated rejection near highs, suggesting weakening momentum. As a result, distribution likely took place before the market shifted direction.
Selling pressure then took control, forming a prolonged downtrend with consistent lower highs. The chart now shows a descending resistance trendline stretching from near $0.18 toward current levels around $0.04. At the same time, support has held near the $0.033 to $0.035 zone.
This structure resembles a descending triangle combined with a falling wedge. Such formations often appear during late-stage trends where price compresses tightly. As volatility decreases, the likelihood of a sharp move increases.
The analyst notes that Kaspa is now sitting directly on key structural support. Price has tested this level multiple times without a decisive breakdown. Even so, buyers have yet to produce a strong reversal move.
Breakout Conditions Define Near-Term Direction The current setup places Kaspa at a decision point where both bullish and bearish scenarios remain possible. A move above the descending trendline near $0.045 to $0.05 would shift short-term momentum. That step could open the path toward reclaiming the $0.06 to $0.07 range.
If that level is recovered, price may continue toward $0.07 to $0.08 as the first resistance zone. Further strength could bring the $0.10 to $0.12 area back into focus. This region previously acted as support before turning into resistance.
On the other hand, failure to hold the $0.033 support level could trigger a sharp decline. The chart shows limited structure below this range, which may lead to faster price movement downward. The next demand zone is projected near $0.025 to $0.028.
The tweet also points to the absence of strong bullish momentum so far. While support has held, there has been no impulsive bounce to confirm accumulation. This keeps downside risk active as price remains compressed near the lower boundary.
At the same time, repeated tests of support suggest buyers are still present. Compression near key levels often leads to sudden expansion. The direction of that move depends on whether resistance breaks or support fails.
JACKIS suggests that a move above March highs could support a broader recovery during the second quarter. However, confirmation remains essential before any trend shift is established.
For now, Kaspa remains locked within a tightening structure. Market participants are watching closely for a breakout signal that defines the next phase.
Kaspa has processed more than 1.957 billion cumulative on-chain transactions as of April 20, 2026, putting the network within days of the 2 billion mark at current activity levels. The timing matters. The milestone lands right before the Toccata hard fork, Kaspa's largest protocol upgrade to date, now set for mainnet activation between June 5 and June 20, 2026.
The transaction count is not a vanity metric. It reflects what the network has actually processed since launch, running on a proof-of-work BlockDAG at 10 blocks per second without the congestion that slows down linear chains like Bitcoin.
What do the numbers actually show?According to the official Kaspa explorer, the network has crossed a block height of 412,700,579 with an average block time of 0.1 seconds. Circulating supply sits at 27.37 billion $KAS, which is 95.39% of the 28.7 billion maximum. Active wallet addresses stand at 538,449, and the current block reward is 2.914 KAS. The next reward reduction is scheduled for May 5, 2026.
The throughput story has been consistent. Hourly bursts have topped 1 million transactions during peak activity, driven by L1 transfers and Layer 2 protocols like Igra L2 that settle on Kaspa. Analysts have pointed out that Kaspa has processed more transactions in four years than Bitcoin has in roughly 17. That comparison is not about superiority. It is about what a parallel-block architecture produces when it runs under real demand.
KAS has caught some tailwind alongside the milestone. The token trades around $0.0347, up 8.67% on the week, with a market cap near $949.75 million and 24-hour volume of $26.61 million, a 20.23% rise over the prior day.
What is Toccata, and why does it matter?Toccata, officially named Kaspa Covenants++, is a non-backward-compatible hard fork that turns Kaspa from a payments-focused settlement layer into a programmable Layer 1. Nodes must upgrade, and the rollout has followed a tight schedule.
The feature freeze happened on April 15, 2026. Testnet 12 is already running covenant and ZK testing, and developers plan a full transition rehearsal on TN10 before the mainnet date is locked in. The activation window slipped from the original May 5 target to give core developer Michael Sutton (@michaelsuttonil) and the team time to finalize the sequencing commitment architecture that ZK circuits and runtimes bind to.
Toccata introduces several things at the base layer:
Native assets and tokens directly on-chainCovenants via extended opcodes under KIP-17, letting UTXOs carry forward enforceable spending rules such as timed releases and multi-stage logicSilverScript, a new high-level compiler and SDK designed to make covenant programming saferZK opcodes and verifiers, including Groth16 and RISC Zero STARK on testnet, for privacy tools and trust-minimized bridgesEarly groundwork for vProgs, the synchronously composable verifiable programs, planned for a later phaseSutton has been direct about the scope. "We are not there yet," he said of vProgs, the synchronously composable verifiable programs on the longer roadmap. The current focus, he notes, is standalone ZK apps with L1 bridging.
What happens after Toccata activates?For node operators, disk usage is expected to rise by 20 to 50%, and existing functionality continues to work. New SDKs and APIs will support the added capabilities without breaking current tools.
As with any non-backward-compatible fork, execution is the open variable. The TN10 rehearsal and the April feature freeze are meant to compress that risk before mainnet.
The longer roadmap keeps pushing throughput. Targets sit at 25, 40, and eventually 100 blocks per second. The goal is to keep the base layer lean while programmability runs through L1 sequencing rather than a global virtual machine.
The 2 billion transaction mark is worth noting on its own. It is also the baseline Toccata is built on. If the upgrade lands cleanly, Kaspa shifts from a chain that moves value fast to one that can enforce rules on how that value moves, without giving up the speed that got it here.
For the latest updates, visit the official Kaspa website.
Sources:
Kaspa Explorer — Live network statistics for total transactions, block height, circulating supply, and active wallet addressesToccata Hard Fork Outlook — Official Kaspa.org breakdown of Toccata features, timeline, and activation window, based on the post by core developer Michael SuttonKAS.live Hardfork Countdown — Community countdown tracker for the June 5, 2026 Toccata activationKaspa Main Site — Official project site with BlockDAG architecture and GHOSTDAG protocol documentationCoinMarketCap Kaspa Page — Price, market cap, volume, and supply data for KAS
Gate has integrated Kasplex Layer 2 on Kaspa, opening a direct bridge for users to move KAS onto an EVM‑compatible DeFi environment.
Summary
Gate has connected its exchange infrastructure to the Kasplex Layer 2 network on Kaspa, enabling KAS deposits and withdrawals via L2. Kasplex uses $KAS as its sole gas and network token, aiming to bring EVM‑compatible smart contracts and DeFi to Kaspa’s high‑throughput BlockDAG chain. The integration is meant to lower user barriers, improve KAS circulation and deepen on‑chain activity across the Kaspa ecosystem. Gate has officially integrated the Kasplex Layer 2 network, allowing users to move Kaspa’s native token KAS between the Kaspa Layer 1 chain and Kasplex L2 directly through the exchange. According to Gate, customers can now “transfer KAS from Kaspa L1 to the Kasplex L2 wallet,” a step the platform says will “significantly” reduce entry barriers while “enhancing asset circulation and on‑chain interaction” for KAS holders.
Kasplex is a Layer 2 solution built on top of Kaspa’s BlockDAG‑based Layer 1 and is designed to add Ethereum‑style smart contract functionality to a network that, like Bitcoin, uses a UTXO model and has no native contract layer. In technical documentation, Kasplex describes itself as “a lightweight Rollup solution based on Kaspa,” embedding EVM bytecode into Kaspa L1 transactions and executing it off‑chain to update Layer 2 state while using Kaspa for ordering and data availability.
Kasplex’s KAS‑only gas model and DeFi goals In posts on X, the Kasplex team has stressed that the network uses bridged $KAS as its only gas token, rather than introducing a separate L2 asset, in order to “preserve economic alignment and keep value within the Kaspa ecosystem.” The project offers a two‑way bridge for moving KAS between L1 and L2 and says smart‑contract deployment is “as simple as redirecting RPC endpoints,” with the aim of making it easy for developers familiar with EVM tooling to launch applications on Kasplex.
Kasplex’s architecture is pitched as a way to unlock DeFi, NFTs and other dApps on Kaspa by combining the base chain’s high‑throughput BlockDAG design with EVM‑compatible execution. Kasplex notes that by using Kaspa L1 for canonical transaction ordering and data, its Rollup‑style design can support automated market makers, lending and borrowing markets, stablecoins and other composable protocols that “cannot be realized on the primary chain” alone.
Kaspa itself has become one of the more actively traded mid‑cap layer‑1 tokens, with a live price of about $0.0345, a 24‑hour trading range between roughly $0.0340 and $0.0353, and a recent 24‑hour volume near $26.4 million. CoinMarketCap data puts Kaspa’s all‑time high at $0.2075, meaning KAS currently trades more than 80% below its peak, a gap backers hope additional L2 utility can help narrow over time.
Kaspa community posts have framed Kasplex as “a huge milestone ahead of imminent mainnet,” highlighting growing momentum around node decentralization, liquidity pools and wallet integrations, including tutorials on bridging KAS and adding the L2 network to Kasware and MetaMask. By wiring Kasplex directly into its deposit and withdrawal rails, Gate is betting that a smoother path onto L2 will translate into more KAS moving into smart contracts, and more activity across Kaspa’s expanding DeFi stack.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Kaspa gains steady traction as BlockchainFX draws attention ahead of launch.
Summary
BlockchainFX (BFX) gains momentum in presale as over $14.26M is raised ahead of its $0.05 launch price. Investors are shifting attention to BFX, a multi-asset Super App offering trading across crypto, stocks, and forex. BFX attracts 23,500+ participants with staking rewards and revenue-sharing tied to platform trading fees. Ever looked at an empty wallet and wondered why someone skipped that one coin everyone joked about before it turned into a gold mine? Missing out on life-changing gains hurts more than a rug pull, but finding the top crypto to buy and hold for short-term returns fixes everything.
The crypto market moves fast as Kaspa (KAS) news shows steady growth while BlockchainFX (BFX) prepares for its big debut. Many search for the top crypto to buy and hold for short-term gains as these two projects dominate recent trends.
BlockchainFX: The licensed multi-asset powerhouse dominating the BFX crypto presale 2026 BlockchainFX (BFX) is not just another token; it is a licensed multi-asset Super App designed to bridge decentralized finance with traditional markets. While most platforms lock users into one niche, this ecosystem allows for trading over 500 assets, including crypto, stocks, gold, and EUR/USD from one web3 interface. The BFX crypto presale 2026 is currently the top crypto to buy and hold for short-term utility because it solves the fragmentation problem in modern trading.
The project is moving at light speed. With over $14.26 million raised and 23,500+ participants already on board, the energy is undeniable. Early buyers are grabbing tokens at the current price of $0.035 because the demand is skyrocketing as people realize the guaranteed upside. The launch price is set at $0.05, which means early adopters secure a massive value increase before trading even begins.
Why early adopters are swapping other bags for BFX The math behind the platform is designed for long-term wealth. Instead of just holding a speculative asset, BFX stakers receive daily rewards in both BFX and USDT. This comes from 70% of the platform trading fees being sent back to the community.
FeatureBlockchainFX benefitAsset Variety500+ Assets (Forex, Stocks, Gold, Crypto)Passive IncomeUp to 70% Fee Redistribution to StakersSecurityFully Audited by CertiK and CoinsultPhysical UtilityMetal and 18-Karat Gold BFX Visa Cards Massive financial upside and founder perks The global market potential is staggering. Daily forex volume sits at $7.5T while crypto is only at $89B. This tiny 0.87% slice of the pie means BlockchainFX has massive room to expand. Participants who enter now can also unlock “Founder’s Club” perks, including up to $25,000 in trading credits and exclusive Visa cards that bridge crypto to real-world spending.
Huge $500,000 giveaway and launch news The community is buzzing because a $500,000 giveaway is currently live. Ten lucky participants will split this massive pool of $BFX tokens. The top prize alone is $120,000. Additionally, the team has a major update: once the raise hits $15M, BlockchainFX will officially launch. Being so close to $14.2M means the clock is ticking. Use the bonus code CEX60 right now to secure 20% extra tokens on any purchase. This bonus turns a standard position into a powerhouse portfolio instantly.
The Kaspa price legacy: A lesson in speed Kaspa news reminds everyone of what happens when a runner is caught early. Starting at an ICO price that was a fraction of a cent, Kaspa multiplied its value by hundreds of times. Early adopters who ignored the skeptics saw their small bags turn into massive fortunes.
Many people doubted the BlockDAG tech behind Kaspa early on, but those who held tight became wealthy. While that ship has sailed for those looking for 100x gains, the crypto world always provides a fresh start. Missing the Kaspa price explosion was a mistake, but not a final one.
Is BlockchainFX the top crypto to buy and hold for short-term gains? The BlockchainFX presale is the clear answer for anyone tired of watching from the sidelines. With its $0.035 current price and the 20% extra tokens available via code CEX60, the potential for immediate ROI is massive. It captures the same energy that made early Kaspa buyers rich.
Do not let this be another story about the one that got away. Secure a spot in the BlockchainFX presale today to claim a share of the $500,000 giveaway and referral rewards. The move toward the $15M launch target is happening fast. This is the top crypto to buy and hold for short-term success in 2026.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Kaspa’s Toccata hardfork targets mainnet activation between June 5 and June 20, 2026, enabling native token issuance. With 95.4% of KAS already in circulation, supply dilution risk remains far lower than most competing Layer 1 networks. Kaspa processes over 10,000 TPS at peak loads, far outpacing Bitcoin’s 7 TPS and Litecoin’s 56 TPS throughput. A $10 billion market cap would place KAS at roughly $0.365 per token, representing a 10.7x gain from current levels. Kaspa ($KAS) is drawing renewed attention from the crypto community ahead of a major network upgrade. The blockchain, known for its proof-of-work architecture and high throughput, is targeting a $10 billion market cap.
Currently down 83% from its all-time high, the project carries several upcoming catalysts. These include the Toccata hardfork, scheduled between June 5 and June 20, 2026.
With 95.4% of its supply in circulation, Kaspa presents a distinct structure among Layer 1 competitors.
Kaspa’s Fair Launch Separates It From Competing Layer 1 Networks Kaspa launched in November 2021 through a fair launch, similar to Bitcoin. Every KAS token in existence was mined, with no team allocations or investor reserves.
There are no unlock schedules, and no early backers are waiting to exit. This removes a recurring source of selling pressure common across many Layer 1 networks.
Many competing Layer 1 networks carry heavy token unlock schedules that weigh on price action. According to @ourcryptotalk, SUI is down 83% from its all-time high with 61% of its supply still locked. SEI’s circulating supply has nearly doubled, from 3 billion to 6.7 billion tokens.
Can $KAS hit $10 billion?
Let me break down why that is possible.
It is the most logical outcome if the roadmap delivers.
Yes, it is down by 83% from the highs.
It even dropped after its Crescendo Hard Fork
So what needs to be done?
👉 THE ONLY FAIR LAUNCH LEFT STANDING… pic.twitter.com/GuBcOaGo5G
— Our Crypto Talk (@ourcryptotalk) April 24, 2026
Kaspa’s supply, by contrast, is nearly fully distributed. By the end of 2026, new emission approaches zero as the network reaches its emission cliff.
This means a 10x price target requires roughly a 10x market cap increase. Competing chains facing supply growth need a 20x or 30x market cap expansion to achieve the same result.
At a $10 billion market cap, Kaspa would trade at approximately $0.365 per token. That would represent a 10.7x increase from current price levels. With supply near its ceiling, new capital flows translate more directly into price movement.
Toccata Hardfork and Technical Milestones Set a New Course for Kaspa The Toccata hardfork targets mainnet activation between June 5 and June 20, 2026. It introduces native asset issuance, allowing developers to issue tokens directly on the network.
KRC-20 tokens become a base-layer feature for the first time. From there, DeFi, NFTs, lending protocols, and tokenized assets all become possible.
Kaspa’s throughput already separates it from other proof-of-work chains. The network runs 10 blocks per second since the Crescendo upgrade and has processed nearly 2 billion cumulative transactions.
At peak loads, the network has reached over 10,000 TPS. Bitcoin processes around 7 TPS, and Litecoin handles approximately 56.
Additional upgrades are planned beyond the Toccata hardfork. SilverScript will add new developer tooling and zero-knowledge infrastructure directly at the base layer.
The DAGKnight upgrade is also in development, along with potential major exchange listings. Each of these could serve as a standalone catalyst for the network’s valuation.
Taken together, these milestones mark a shift for Kaspa from a payments chain to a programmable Layer 1. Near-complete supply distribution, stacked upgrades, and an approaching emission cliff create an unusual setup for 2026.
Whether the $10 billion target materializes will depend on timely execution and broader market conditions.
KAS is approaching a critical point on the chart, but the broader setup is beginning to lean constructively again.
After shifting market structure to the upside last week, the price has now pulled back into a key demand zone where two important support factors meet—a rising trendline and a proven zone of buyer interest.
The network’s fundamentals and on-chain metrics have started to reflect the strong trading activity, with most orders coming from the token buyers.
Network growth continues to strengthen the long-term case Fundamentally, KAS is still expanding at a notable pace. The network has now processed roughly 2.05 billion cumulative transactions, while total active addresses have climbed to 95 million.
Those figures matter because they point to sustained network usage rather than temporary speculation.
In most cases, that kind of on-chain growth gives price action a stronger long-term base, especially when the market is already testing a technically important support area.
The combination of rising usage and improving structure gives the current setup more depth than price alone suggests.
Whale activity and market bias support reversal odds Positioning also remains slightly tilted toward buyers. Around 57% of market positions are still in longs, showing that bulls continue to hold a modest edge despite the recent pullback.
Source: Coinalyze Open interest has stayed relatively flat, which adds a note of caution. It suggests aggressive conviction has not fully returned yet. Still, the rise in whale activity is beginning to stand out more than the stagnant derivatives data.
That matters because larger buyers often move before broader institutional participation catches up. If whale accumulation continues while market activity expands, the current demand zone could become the launch point for a stronger reversal.
Source: CryptoQuant Demand zone now becomes the level to watch KAS is now sitting at the most important level on its short-term chart. Price is testing a confluence demand zone, whales are becoming more active, and market structure still leans bullish from last week’s shift.
If buyers defend this zone cleanly, the current pullback may turn into a continuation setup. If not, the market likely needs more time to rebuild.
As it stands, KAS is not breaking down. It is testing whether support is strong enough to restart momentum.
Source: TradingView Final Summary KAS is retesting a key confluence demand zone where trendline support and buyer interest continue to align. Whale activity is rising as network growth remains strong, improving the odds of a bullish reaction from support.
Kaspa traders know this feeling better than anyone. The biggest gains rarely wait for perfect confirmation, and by the time the chart looks safe, the best entry is often already gone. That is exactly why the top crypto to buy and hold for short term is usually the one still in its early phase while the wider market is busy watching yesterday’s winner.
Kaspa became a painful lesson for anyone who hesitated too long, but DOGEBALL is shaping up as the next chance to act before the crowd catches up. With a live presale, rising participation, a reduced token supply, and a launch target far above the current entry, DOGEBALL is giving buyers a rare second chance to enter low before another price jump closes the gap.
Top Crypto To Buy And Hold For Short Term buyers can still secure DOGEBALL at $0.0005 today, but this second chance could disappear as soon as the next stage moves up.
Kaspa Turned Doubt Into Massive Gains And Late Buyers Into Spectators Table of Contents
Kaspa Turned Doubt Into Massive Gains And Late Buyers Into SpectatorsDOGEBALL Presale Growth, Token Burn, And Utility Make It Hard To IgnoreBuy DOGEBALL Before The Timed Presale Jumps AgainHow To Join The DOGEBALL Presale In MinutesMissing Kaspa Was Painful, Missing DOGEBALL Could Feel Even WorseFind Out More Information HereFAQs For Top Crypto To Buy And Hold For Short TermWhich Crypto Is Best To Buy For Short-Term?Which Crypto To Buy For Short-Term Gain?Which Cheap Crypto Will Rise? Kaspa is one of those stories that still stings because the signs were there long before the crowd accepted them. Early believers stepped in when conviction was low and attention was limited, and the result was enormous upside as Kaspa grew from tiny early prices into one of the market’s biggest success stories. The people who waited for complete certainty did not just miss a trade, they missed a wealth-building window that cannot be recreated at the same level.
That is what makes Kaspa such a powerful psychological trigger for readers today. It succeeded because it had a strong identity, a committed community, and enough momentum to keep building while others kept doubting. The market has already shown that the top crypto to buy and hold for short term is often the one people hesitate to buy early, and that regret is exactly why DOGEBALL is getting attention now.
DOGEBALL Presale Growth, Token Burn, And Utility Make It Hard To Ignore DOGEBALL is built on DOGECHAIN, a custom Ethereum Layer 2 that combines gaming and payments into one ecosystem. It gives users a way to send crypto while receivers get fiat directly into their bank accounts, supports 30+ currencies, removes FX fees, and enables near-instant transactions without relying on banks, PayPal, or other middlemen. That gives DOGEBALL a very clear real-world use case from the start.
This is also why many buyers will consider DOGEBALL over other presales. $DOGEBALL is used for transaction fees across the ecosystem, staking rewards add another incentive to hold, and the project connects payments, gaming, and on-chain rewards in a way that creates ongoing token demand. When you add a 100% smart contract audit score, near-zero gas fees, sub-second finality, and a game contest tied to the presale, top crypto to buy and hold for short term becomes a very real label here.
Buy DOGEBALL Before The Timed Presale Jumps Again DOGEBALL is currently in Stage 3 of its presale at $0.0005, with $281K+ raised and 970+ participants already involved. Due to the success of the project and repeated requests from the community, the presale has been extended, which means buyers now have a second chance to secure DOGEBALL at a low price before the next increase. On Monday, May 11, 2026, the team also burned 4bn $DOGEBALL from the 20bn presale allocation, removing 20% of the presale supply and making the setup even tighter.
The presale has now moved to a timed format with 20 stages, each lasting up to 7 days, and every stage comes with a price rise while unsold tokens are burnt. If someone buys at today’s $0.0005 price and the token launches at $0.015, that is a 30x return. A $1,000 buy today gets 2,000,000 $DOGEBALL, and at launch that would be worth $30,000, creating a potential $29,000 profit. If buyers use the bonus code now, they can secure even more DOGEBALL before this reopened window closes again.
How To Join The DOGEBALL Presale In Minutes Buying DOGEBALL is designed to be simple, which matters when presale stages can move quickly. All buyers need to do is visit the official DOGEBALL presale page, connect their wallet, choose a payment method, and complete the purchase while the token is still priced at $0.0005. The updated timed presale widget makes it easier to track where the sale stands.
Speed matters here because this is no longer an open-ended presale with predictable spacing. Stages now run on a timed system, allocations can move faster than expected, and every price jump makes the same entry more expensive. Anyone serious about DOGEBALL crypto presale 2026 should also apply the bonus code now to receive extra tokens while this second chance is still open.
Missing Kaspa Was Painful, Missing DOGEBALL Could Feel Even Worse Kaspa showed how quickly the market can move once a project gains traction, and the people who waited for perfect confirmation ended up watching others enjoy the real upside. DOGEBALL now offers the kind of early setup those same buyers usually wish they had seen sooner. It has a low current entry, visible presale growth, a token burn that reduces supply, a stronger utility case than most meme-led launches, and a launch target that creates a clear upside story.
That is why DOGEBALL stands out in the current DOGEBALL presale cycle. It connects gaming, staking, payments, and real crypto-to-fiat transfers in one ecosystem while still giving early buyers a low entry point. For anyone still thinking about the top crypto to buy and hold for short term, Kaspa should be the reminder and DOGEBALL should be the response.
Find Out More Information Here Website: https://dogeballtoken.com/
X: https://x.com/dogeballtoken
Telegram Chat: https://t.me/dogeballtoken
Which Crypto Is Best To Buy For Short-Term? DOGEBALL looks strong for short-term buyers because the current presale price is $0.0005, while the expected launch price is $0.015, giving early entries a clear upside gap.
Which Crypto To Buy For Short-Term Gain? DOGEBALL stands out because it already has 970+ participants, $281K+ raised, a timed presale structure, and growing awareness after marketing was ramped up on May 11, 2026.
Which Cheap Crypto Will Rise? DOGEBALL has a stronger case than many low-priced tokens because it supports gaming rewards, staking, and crypto-to-fiat payments, creating real utility that can help support future demand.
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.
The cryptocurrency market in June 2026 is defined by extreme structural shifts as massive capital blocks rotate out of speculative public exchanges. High frequency algorithmic trading and sudden regulatory actions have created a highly volatile environment, completely destroying retail profit margins. Portfolio managers are shifting their attention toward native utility platforms featuring isolated treasury contracts to protect their principal investments.
This ongoing market correction proves that standard open market trading is no longer a viable strategy for sustainable capital growth. Sidelined investors are aggressively seeking ecosystems that provide fixed financial guarantees rather than relying entirely on unpredictable daily trading volume.
BlockDAG Announces the Concluding Phase of Its Legacy Sale Table of Contents
BlockDAG Announces the Concluding Phase of Its Legacy SaleArbitrum Consolidates Near Historic Price LowsInternet Computer Fights Stagnant Market MomentumKaspa Faces Heavy Selling Pressure Below Moving AveragesTo Conclude When analyzing the top trending cryptos 2026, BlockDAG dominates institutional interest by announcing the final operational countdown for its legacy tier. This clean urgency play focuses on the fact that the promotional introductory tier is officially wrapping up, making this the absolute final window to secure these specific terms before standard price discovery begins. Participants can leverage the native direct swap dashboard to acquire tokens at the foundational rate of $0.00000044. Every allocation is securely locked into a guaranteed corporate buyback contract fixed at $0.10.
This hardcoded exit strategy eliminates the stress of chart monitoring and completely shields portfolios from sudden liquidity crunches. As the premier choice among trending cryptos 2026, BlockDAG is experiencing massive capital inflows as large scale asset managers drain the remaining treasury pool. Once the current allocation reaches maximum capacity, this fixed ten cent settlement will disappear permanently. Everyday buyers must execute their positions immediately before the closing bell rings on this historic wealth building vehicle.
Arbitrum Consolidates Near Historic Price Lows Market data from mid June 2026 shows Arbitrum trading at a highly depressed value of $0.09. The network has experienced a massive 74.33% drop over the past twelve months, establishing an all time low of $0.06 earlier in the month. Despite handling significant decentralized application volume as a layer two scaling solution, the native asset continues to suffer from heavy token unlocks and institutional distribution.
While the token is often listed among trending cryptos 2026, actual price action remains deeply bearish. The $0.10 zone acts as heavy overhead resistance, constantly rejecting localized relief rallies. Until the core development team restructures the tokenomics to encourage long term holding, Arbitrum will likely remain trapped in this tight consolidation phase.
Internet Computer Fights Stagnant Market Momentum Internet Computer continues to face significant market friction, trading near $8.45 during the second week of June 2026. The network has successfully expanded its cloud infrastructure capabilities, attracting enterprise developers looking for decentralized hosting solutions. However, this fundamental utility has failed to translate into meaningful token price appreciation.
The asset recently broke below its 50 day moving average, signaling increased bearish control over the short term. Support currently sits at $7.80, and a failure to hold this level could trigger a rapid descent toward the $6.50 range. While developers consider the platform functionally superior to older chains, retail investors searching for trending cryptos 2026 are heavily disappointed by the persistent lack of upward chart momentum.
Kaspa Faces Heavy Selling Pressure Below Moving Averages Kaspa is currently navigating a tough technical landscape, with prices hovering around $0.14 in mid June 2026. After experiencing explosive growth in previous quarters, the proof of work network is now enduring a prolonged distribution phase. Large scale early miners are actively taking profits, creating a massive supply wall that suppresses new retail buying volume. The asset is currently testing critical structural support at the $0.13 zone.
A confirmed daily close below this baseline could invalidate the entire macro bullish structure. As portfolio managers evaluate trending cryptos 2026, Kaspa presents a highly risky setup. The lack of smart contract functionality limits the ecosystem’s ability to lock up circulating supply, leaving the token entirely dependent on constant spot market demand.
To Conclude Evaluating the current digital asset sector highlights the extreme danger of holding highly speculative utility tokens. Arbitrum remains severely depressed at $0.09 following a massive yearly decline. Internet Computer struggles to clear technical resistance near $8.45, while Kaspa faces heavy miner distribution at $0.14.
In stark contrast, BlockDAG establishes itself as the ultimate leader among trending cryptos 2026. By utilizing the concluding legacy sale to secure a $0.00000044 entry, retail investors guarantee a fixed $0.10 corporate exit. This mathematically flawless framework provides total financial security, making BlockDAG the absolute best choice before the promotional vault closes permanently.
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.
Trustless Cross-Chain Swaps Without BridgesStroem Finance is preparing to debut a cross-chain atomic swap protocol that will enable trustless asset exchanges between @kaspaunchained, @Igra_Labs, and @Ethereum. The project is positioning itself as a bridge-free alternative for users who want to move assets across these three networks without relying on a centralised intermediary.
The protocol is built around hash-locked contracts, more formally known as Hash Time-Locked Contracts (HTLCs). These contracts use hash-locks and time-locks to ensure that a transaction is either completed by both parties or automatically cancelled if one side fails to meet the conditions. By using cryptographic guarantees rather than institutional trust, these transactions ensure value transfers either happen completely or not at all.
The design is a deliberate response to the risks associated with conventional cross-chain bridges. Atomic swaps allow for direct, trustless exchanges between compatible blockchains, while cross-chain bridges lock assets on one chain and create wrapped tokens on another. To date, over $2.6 billion has been lost in exploits due to cross-chain bridge hacks, which is why the Web3 ecosystem is rapidly adopting superior cross-chain solutions.
Testnet Phase Underway Before Mainnet LaunchThe Stroem Finance protocol is currently restricted to a dedicated testnet environment while developers work to finalise the settlement logic. A full mainnet deployment is planned once that process is complete.
Stroem Finance has been noted as a peer-to-peer atomic swap solution between Ethereum and Kaspa , and the inclusion of @Igra_Labs broadens the scope of its interoperability ambitions. Bringing three distinct networks under a single trustless settlement layer is a technically demanding undertaking, particularly given that atomic swaps face compatibility challenges, as both blockchains must support specific cryptographic features and HTLCs for a swap to work.
If Stroem Finance delivers on its roadmap, the protocol could offer a meaningful alternative for users seeking to move assets across Kaspa, Igra, and Ethereum without wrapping tokens, paying bridge fees, or trusting a third-party custodian.
Key Takeaways Stablecoin giant submits seven trademark applications in South Korea for brand protection.
Applications cover company branding, corporate identity, and Tether Gold stablecoin.
Filings indicate preparations for establishing local operations in the Korean market.
Strategic move aligns with anticipated regulatory requirements for foreign issuers.
Comprehensive IP strategy positions company for competitive advantage in Asia.
The world’s leading stablecoin issuer has ramped up its South Korean expansion strategy with seven comprehensive trademark applications. Documents filed with Korean authorities include protections for corporate branding, visual identity elements, and the gold-backed digital asset XAUT. Market analysts suggest these filings lay the foundation for direct operational presence in one of Asia’s most active cryptocurrency markets.
Unlike previous limited filings centered on individual product designations, this latest batch demonstrates a holistic approach to market entry. Registration documents submitted to the Korea Intellectual Property Rights Information Service (KIPRIS) encompass wide-ranging intellectual property assets. Financial experts view this development as preparatory work for launching comprehensive business activities within Korean borders.
The timing coincides with significant regulatory developments in South Korea’s digital asset sector. Pending legislation under the Digital Asset Basic Act may mandate foreign stablecoin providers to register local subsidiaries. Tether appears to be taking preemptive action to meet these anticipated compliance standards while maintaining operational agility.
Comprehensive Brand Protection Strategy Emerges The trademark portfolio extends well beyond cryptocurrency products to encompass complete corporate identity assets. This comprehensive scope indicates plans for substantial market integration rather than limited product availability. The strategic filing strengthens the company’s competitive position relative to rival issuers like Circle in the Korean marketplace.
These intellectual property registrations demonstrate sophisticated legal preparation. Securing exclusive rights to company nomenclature and visual branding in South Korea creates a robust foundation for business development. This legal infrastructure could enable collaborations with domestic cryptocurrency exchanges and traditional financial institutions.
Additionally, the inclusion of Tether Gold trademark applications reveals diversified product ambitions. The precious metal-backed digital currency may appeal to Korean investors seeking alternative stable assets. The company is clearly preparing to offer multiple stablecoin variants tailored to local market preferences.
Regulatory Evolution Shapes Corporate Strategy South Korea’s cryptocurrency regulatory framework continues to mature rapidly. Government officials are drafting requirements that would compel international stablecoin operators to maintain physical business entities domestically. The company’s trademark filings suggest proactive compliance planning ahead of formal rule implementation.
This timeline corresponds with expanded corporate engagement throughout the region. Tether representatives have conducted meetings with Korean financial conglomerates and trading platforms. These relationship-building initiatives could expedite the establishment of local business operations and partnerships.
Market commentators highlight the competitive benefits of early preparation. Securing trademarks before competitors minimizes future administrative obstacles and potential disputes. The strategy also demonstrates corporate transparency and willingness to work within established regulatory frameworks.
Foundation Set for Market Operations The extensive filing activity reveals deliberate planning to establish meaningful presence in Asia’s vibrant digital asset ecosystem. This expanded intellectual property foundation enables potential launch of localized services and products. Financial analysts interpret these moves as components of a sustained regional growth initiative.
The company’s current strategy represents significant evolution from earlier narrow product-focused registrations. Tether now prioritizes protection of both corporate identity and product lines simultaneously. This multifaceted approach indicates serious commitment to substantial Korean market participation.
These South Korean initiatives highlight the company’s broader international expansion objectives. Establishing regulated operations in key markets could accelerate stablecoin adoption across Asia. The stablecoin issuer continues positioning itself strategically ahead of competitors in high-priority jurisdictions worldwide.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
PANews reported on May 20th that, according to Cryptopolitan, Tether, the issuer of the stablecoin USDT, is actively pursuing its plans to enter the South Korean market. The Korea Intellectual Property Information Service (KIPRIS) recently received a total of seven trademark applications from Tether. While Tether's previous filings in South Korea primarily focused on stablecoin product names, these new applications include the company brand itself and its gold-backed stablecoin, Tether Gold (XAUT).
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
21 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
21 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
21 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
21 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
21 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
TLDR:Tokenized Gold Captures Nearly Entire Commodity MarketEthereum Leads As RWA Adoption Expands Across MarketsGet 3 Free Stock Ebooks Tokenized gold now represents nearly the entire blockchain-based commodity market worldwide. a16z Crypto data shows tokenized silver and oil products remain far behind gold adoption. Ethereum leads the tokenized asset sector with over $15 billion in on-chain value locked. Investors increasingly use tokenized gold for defensive exposure during market uncertainty periods. Tokenized gold has emerged as the dominant force within the on-chain commodity sector after crossing the $5 billion mark.
Fresh data from a16z Crypto shows investors increasingly moving toward blockchain-based hard assets as macro uncertainty continues reshaping capital allocation strategies across digital markets.
Tokenized Gold Captures Nearly Entire Commodity Market Tokenized gold now accounts for almost all value within the tokenized commodity sector, according to recent a16z Crypto data. Figures from rwa.xyz placed the broader market near $5.1 billion as of May 2026.
Out of that total, tokenized gold represented approximately $5 billion alone. The remaining commodity categories contributed only a small fraction of overall market capitalization.
Tokenized silver products remained limited, with valuations near $28 million. Gold ETF-linked tokenized exposure, including iShares Gold Trust products, stood at around $14 million.
Meanwhile, tokenized oil, agriculture, and synthetic commodity assets barely registered within the sector. Those categories collectively accounted for less than $3 million in market value.
🐋 WHALE WATCH: Tokenized gold just reached a massive milestone of 5 billion dollars on chain.
It currently represents almost the entire value of the tokenized commodity sector.
Other assets like silver and oil are barely pulling in any significant volume.
Investors clearly… pic.twitter.com/m8Gy5naRXz
— Whale Factor (@WhaleFactor) May 24, 2026
The report noted that gold’s global liquidity and standardized pricing structure make it naturally suited for tokenization. Blockchain infrastructure also allows faster settlement and easier transferability across digital platforms.
Products like Pax Gold and Tether Gold continue driving adoption by linking physical gold reserves to blockchain-based ownership. Investors can hold tokenized gold directly through crypto wallets without relying on traditional custody systems.
The growing market share also reflects changing investor behavior during periods of elevated economic uncertainty. Traders increasingly seek defensive positioning while maintaining exposure inside crypto-native ecosystems.
Unlike volatile altcoins, tokenized gold offers lower price fluctuations while preserving blockchain liquidity advantages. That combination has strengthened demand among both retail traders and institutional participants.
Tokenized gold has surged to nearly $5 billion in market value, dominating the on-chain commodity sector as investors seek blockchain-based safe-haven exposure.
Ethereum Leads As RWA Adoption Expands Across Markets The tokenized asset sector has expanded rapidly during the past two years. According to a16z Crypto, the broader real-world asset market recently surpassed $30 billion, excluding stablecoins.
Source: RWA.xyz
Government debt products currently lead the tokenized asset sector with approximately $15.2 billion in value. Asset managers, including BlackRock and Franklin Templeton, accelerated product launches amid rising institutional demand.
Ethereum remains the largest blockchain supporting tokenized assets, hosting nearly $15.7 billion across the sector. BNB Chain, Solana, Stellar, and Liquid Network also maintained sizable shares within the market.
Despite rising valuations, most tokenized commodity products remain lightly integrated into decentralized finance applications. Many investors continue holding tokenized gold primarily as a reserve-style asset rather than active collateral.
The report explained that only a small percentage of tokenized Treasury products currently interact with DeFi protocols.
Categories specifically designed for on-chain utility continue showing stronger composability across decentralized applications.
Tokenized gold adoption also reflects broader changes in crypto markets. Investors are increasingly combining Bitcoin exposure with defensive assets linked to traditional stores of value.
That shift suggests digital asset markets are gradually evolving beyond speculation-focused trading cycles. Blockchain infrastructure now supports both high-growth assets and lower-volatility capital preservation strategies.
Gold now dominates nearly the entire tokenized commodity market as investors rotate toward trusted blockchain-based hard assets.
Something important is happening in the crypto finance world. Tether and Fasset have just taken a new step for digital gold. The two companies have launched the first gold-backed Visa card, allowing the spending of tokenized assets while receiving rewards in XAU₮. An initiative that brings traditional finance and digital assets even closer!
In brief Tether and Fasset launch the first gold-backed Visa card. Each purchase passively accumulates gold. The solution mainly targets emerging markets. A historic turning point for digital gold For centuries, gold has been a store of value and never a daily means of payment. Tether has just changed this equation. In partnership with Fasset, a digital banking platform active in Asia and Africa, the stablecoin giant launches a functional Visa card. The latter is accepted everywhere in the world where Visa is accepted.
But that’s not the most surprising part! Each transaction made with the card generates up to 6% cashback in XAU₮, Tether’s gold token, directly into the user’s wallet.
The mechanism is simple:
The user pays in fiat currency. The system converts XAU₮ into USDT, then into fiat in real time. The gold cashback is credited instantly. The new Visa card even includes an automatic rounding feature. More explicitly, the leftover virtual currency after each purchase is automatically invested in XAU₮. This allows passive accumulation of gold without effort.
1 million dollars put on the table by Tether To launch the ecosystem, Tether commits up to 1 million dollars in XAU₮. The goal: to fund the rewards program. For crypto experts, this is a strong signal: the company is not testing, it is betting.
According to Tether CEO Paolo Ardoino in the statement, the goal is to connect tokenized gold to global payment systems to make it truly usable, without friction or borders. Note that the total capitalization of tokenized digital gold today exceeds 5.3 billion dollars. And XAU₮ alone represents more than 2.6 billion.
For its part, Fasset reports 32 billion dollars in annualized volumes, of which 95% are in real assets. The company aims to make Tether Gold the most held digital gold token in emerging markets. In regions where monetary volatility is high, access to a safe-haven asset like gold via a simple payment card represents an unprecedented opportunity for millions of users.
In any case, this launch marks much more than a commercial partnership. It signals a transition: tokenized gold enters the real economy, accessible daily, for everyone.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
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Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
21 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
21 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
21 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
21 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
21 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Updated Jun 16, 2026, 6:23 a.m. Published Jun 16, 2026, 5:52 a.m.
2 min read
Bybit offers options tied to tether gold. (Scottsdale Mint/Unsplash/Modified by CoinDesk)Summary
Bybit has launched options trading on Tether Gold (XAUT).These options, settled in USDT, let traders hedge risk, speculate on gold prices. Bybit has partnered with options market maker Orbit Markets to ensure institutional-grade liquidity.Bybit, one of the world’s top cryptocurrency exchanges by trading volume, has launched options trading on Tether Gold (XAUT), a token that provides you ownership of real physical gold.
The XAUT options are now live and allow traders to hedge risk, speculate on gold price movements, trade volatility, and build custom strategies through Bybit’s Request for Quote (RFQ) system for over-the-counter (OTC) deals.
Bybit partnered with Orbit Markets, a leading crypto options market maker, to ensure deep liquidity from the start. Orbit’s team brings significant expertise, including former senior executives from precious metals trading desks, notably the ex-APAC Head of Currencies and Precious Metals at Deutsche Bank.
“As tokenization accelerates, we believe the distinction between crypto and TradFi will continue to narrow,” said Jimmy Yang, co-founder of Orbit Markets. “Gold options are a cornerstone of traditional derivatives markets, and we are excited to see growing interest in TradFi derivatives within crypto.”
The XAUT options are European-style contracts settled in dollar-pegged stablecoin USDT, with each options contract corresponding to one XAUT token, which itself represents one troy ounce of physical gold.
What Are Options?Options are derivative contracts that give the buyer the right, but not the obligation, to buy or sell the underlying asset at a set price before or on a specific date. A call option gives the right to buy, while a put option gives the right to sell.
Think of it like paying a small fee (the premium) for the right to buy a property at today’s price in the future. If the price rises, you can still buy at the lower agreed price. If it falls, you can walk away and only lose the premium. That’s a call. A put works in the opposite direction.
Traders primarily use options to hedge directional risk or to express views on volatility.
Market sizeThe global gold options market is already a multi-billion-dollar industry, dominated by exchanges like the CME and India’s MCX, with a large portion of volume traded OTC.
Bybit’s launch brings this established asset class on-chain for the first time on a major crypto platform.
XAUT options have been available on smaller platforms like CoinCall since November 2024, but Bybit’s entry marks the first time a top-tier exchange has offered them with institutional-grade liquidity support.
Bybit just gave gold bugs a new toy. The exchange launched options trading for Tether Gold (XAUT) on June 12, making it the first crypto exchange to offer options on a tokenized real-world asset.
Each XAUT token represents ownership of one troy ounce of physical gold. Now traders can run hedging strategies, volatility plays, and directional bets on that gold exposure without ever touching a traditional commodities desk.
What Bybit actually built The new XAUT options market isn’t just a vanilla listing. Bybit partnered with Orbit Markets to implement Request for Quote (RFQ) functionality, a mechanism designed specifically for institutional clients who need customized options contracts rather than off-the-shelf products.
Standard options on an exchange let you pick from predetermined strike prices and expiration dates. RFQ systems let big players request exactly the contract they want, and market makers compete to fill it.
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Orbit Markets CEO Caroline Mauron highlighted the growing interest in traditional finance products within crypto markets as a driving force behind the partnership.
Yoyee Wang from Bybit stated the exchange is proud to be the first to launch options on real-world assets, underscoring the significance of bringing derivatives traditionally found in legacy markets onto blockchain-native platforms.
Bybit’s gold strategy has been building for months This options launch didn’t come out of nowhere. Bybit has been methodically constructing a suite of gold-backed products throughout 2026.
The exchange previously introduced XAUT perpetual contracts, giving traders leveraged exposure to tokenized gold without expiration dates. In March 2026, Bybit rolled out the XAUT Earn product, which lets holders generate yield on their gold-backed tokens.
Then there was the “Golden Season” promotion, a joint initiative between Bybit and Tether that distributed over $1 million in gold-backed rewards.
What this means for investors Covered calls let gold holders generate income on positions they plan to keep. Protective puts create a floor under portfolio values during uncertain markets. Straddles and strangles let traders profit from volatility without picking a direction.
For institutional players specifically, the RFQ functionality removes a major barrier to entry. Large funds typically can’t operate with standard retail options because their position sizes would move the market. Custom quotes from dedicated market makers solve that problem.
The risk? Tokenized gold options add a layer of complexity and counterparty exposure that doesn’t exist when you simply buy XAUT and hold it. Traders need to understand that these options carry the standard risks of any derivatives market, including liquidity gaps during volatile periods, potential for significant losses on leveraged positions, and the platform risk inherent to any centralized exchange.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Stablecoin issuer Tether is winding down Alloy by Tether and its gold-backed, overcollateralized aUSDT stablecoin after just two years to focus on products and areas with stronger demand.
Tether announced its “strategic changes” on Wednesday following a review of user activity, market demand, and the company’s “broader priorities.”
Tether said it has decided to focus resources on areas where it is seeing “stronger user demand, deeper liquidity and broader long-term market opportunity,” including its gold-backed digital asset XAUT and other core products across its ecosystem.
While stablecoins remain Tether’s core business, the company has shown a growing interest in technology outside stablecoins. Its investments include Bitcoin mining infrastructure, artificial intelligence, cloud computing and robotics. Most recently, it led German tech company NEURA’s $1 billion funding round on June 11.
Tether’s aUSDT is an overcollateralized derivative product built on top of XAUT using Ethereum smart contracts, which also reflects the demand for gold-backed and tokenized real-world assets.
Alloy by Tether allowed users to deposit XAUT as collateral to mint aUSDT, with the value of XAUT locked exceeding the value of aUSDT issued, similar to how some stablecoins or synthetic dollars are created against crypto collateral in DeFi.
Users could borrow or mint against their XAUT holdings, letting them access dollar-like liquidity without selling their gold exposure.
Alloy by Tether, announced in June 2024, has a current market capitalization of $1.2 million and is backed by 14.73 kilograms of gold worth around $2.2 million, according to Tether.
Tether Gold remains popular The winding down will happen in phases, the first of which starts immediately by preventing the opening of new positions or the minting of new aUSDT. Users have three months to return their aUSDT and reclaim their XAUT until the cut-off date on Sept. 17.
XAUT remains popular with a market capitalization of $3 billion and is backed by 22,169 kilograms of physical gold, according to the company.
Its market cap surged earlier this year when gold prices hit an all-time high of just over $5,300 per ounce. However, it has retreated by 19% since then.
Tether also bought a 12% stake in precious metals platform Gold.com for $150 million in February, with plans to integrate XAUT into the platform.
Chinese yuan and euro stablecoins axed Alloy by Tether is not the only product the company has shelved this year.
In February, Tether announced it was discontinuing its Chinese yuan stablecoin, CNHT, citing “evolving market conditions, low interest in the product, and limited sustained community demand,” relative to other supported assets.
In November, it wound down its euro stablecoin, EURT, citing European regulatory issues and a focus on other initiatives such as Hadron, its asset tokenization platform launched in 2024.
However, in May, Tether announced that it planned to launch a Georgian lari stablecoin, GELT, in cooperation with the government of Georgia.
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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.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
21 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
21 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
21 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
21 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
21 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Tether will phase out its derivative stablecoin that is pegged to gold, aUSDT, because of its poor adoption. The organization will concentrate on the growth of Tether Gold (XAUt) whose demand has been rising significantly in the market. Tether revealed its plans to cease support for its derivative gold stablecoin aUSDT after the organization decided to change its product strategy. The organization released the stablecoin in 2024 through Alloy by Tether. Itsa platform created to tokenize digital assets using tokenized collateral. In this case, users were able to mint their own dollar-pegged asset while holding Tether Gold (XAUt). And they still have exposure to the gold-backing reserve. Unfortunately, aUSDT did not gain widespread acceptance as other products from Tether.
Tether reported that the feedback from Alloy was quite useful regarding its understanding of the demand of products Such as gold-backed digital assets, products with collateral, and tokenization of real-world assets. Moreover, Tether further said that it will focus on delivering such services where there is strong demand and good liquidity. Furthermore, it was reported that Alloy had a market capitalization of approximately $1.2 million. Tether used 14.73 kilograms of gold valued at roughly $2.2 million to back the product.
Tether said aUSDT users may redeem their tokens as the company gradually retires the product. The firm shifted its strategy to invest more resources in products that attract higher user demand. Market observers noted that crypto companies often adjust their strategies based on product performance and user adoption.
According to Tether, the firm decided not to affect its Tether Gold product at all. Unlike aUSDT, which allows users to gain exposure to crypto-related assets, Tether Gold links each token to physical gold bullion stored in secure vaults. Tether issues each XAUt token to represent one troy ounce of gold.
Prioritizing Tether Gold Ecosystem Expansion The latest development by Tether comes amid increasing demand for products associated with tokenized gold in the digital assets space. In March, Tether invested strategically in Gold.com to extend its gold product offerings and enhance Tether Gold’s distribution networks. Tokenized gold was seen as an integral part of Tether’s strategy for diversifying its digital assets holdings.
Newly published financial statements demonstrated the steady growth in the company’s gold holdings used to back Tether Gold. Analysts noted that investors generally prefer physically backed products to more complex derivative-based offerings. Consequently, it can be concluded that Tether is committed to developing products with well-known reserves and proven demand from the market. It should also be emphasized that Tether still attracts the most attention of all other companies in the field of stablecoins. The retirement of aUSDT proves the point that even digital asset companies are consistently working towards improving their products by focusing on the most popular ones.
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Tether, the company behind the world’s largest Stablecoin USDT, has announced plans to wind down Alloy by Tether and discontinue support for aUSDT, a dollar-pegged Stablecoin backed by Tether Gold (XAUT).
The company said the decision comes after reviewing user activity, market demand, and its long-term business priorities. Going forward, Tether plans to focus more on products that have stronger adoption and deeper liquidity, including XAUT and other major offerings within its ecosystem.
Tether aUSDT Minting Stops as Tether Winds Down Alloy As part of the phased shutdown, Tether has immediately disabled the ability to open new positions or mint new aUSDT through the Alloy by Tether platform.
However, existing users will still have time to close their positions. Tether said customers can return their aUSDT and withdraw their XAUT over the next three months, according to the platform’s terms of use.
The company also issued an important deadline. Users who fail to return their aUSDT by September 17, 2026, will no longer be able to recover their XAUT through the Alloy platform. Tether said,
The wind-down will take place in phases to support an orderly transition. As a first step, starting today, the Alloy by Tether interface will be updated to remove the ability to open new positions or mint new aUSDT.
Why Is Tether Closing Alloy? According to Tether, Alloy by Tether provided valuable insights into how users interact with tokenized real-world assets and gold-backed digital products.
Despite this, the company concluded that resources would be better allocated to products showing stronger growth potential. The move mirrors Tether’s earlier decision to discontinue support for its euro-pegged Stablecoin EURT, which officially ended redemptions in November 2025 as part of the company’s broader strategic shift.
Meanwhile, Tether continues to expand in other areas. In May, the company announced plans to launch GELT, a Stablecoin representing the Georgian lari, with support from the Georgian government.
What Are Alloy by Tether, aUSDT, and XAUT? Launched in 2024, Alloy by Tether is an open platform that allows users to create digital assets backed by XAUT, Tether’s gold-backed token.
Its main product, aUSDT, is a stablecoin pegged to the U.S. dollar but over-collateralized with XAUT. In simple terms, the value of the gold locked behind the token is higher than the amount of aUSDT issued, helping maintain its stability.
(June 18 17:05 UTC) This article has been updated to reflect that Tether Gold-backed loans will be available on Ledn later this year.
Bitcoin lending platform Ledn is expanding its services to include Tether Gold (XAUt), giving investors the ability to hold the tokenized asset and eventually use it as collateral for loans, just as they can with Bitcoin.
Ledn announced Thursday that later this year, clients will be able to use XAUt as collateral for loans instead of selling their holdings for cash. Under the company's existing lending model, client collateral is held one-to-one and is not rehypothecated, lent out or used to generate yield.
Loans are issued and repaid in Tether’s USDT or USAt stablecoins and can be repaid at any time without scheduled monthly payments. Tether launched USAt in the United States in January as a stablecoin designed to comply with the GENIUS Act.
The launch will expand the range of digital assets that can be used as loan collateral, giving investors another way to access liquidity without triggering a taxable sale. While Bitcoin-backed lending has become a common feature of the crypto market, the addition of tokenized gold reflects growing efforts to bring real-world assets into digital asset financial services as gold prices hover near record highs.
The new products are rolling out across most jurisdictions where Ledn operates but are not currently available in Canada or the European Union.
The market capitalization of Tether Gold peaked at around $2.89 billion. Source: CoinMarketCap
Tokenized commodities gain traction in RWA marketThe announcement comes as commodities play an increasingly prominent role in the tokenization market. According to a recent Token Terminal report, tokenized financial assets have surpassed $43 billion, with commodities accounting for nearly 17% of the market.
Unlike commodity derivatives and futures, tokenized assets such as gold are backed by the underlying asset, giving holders direct ownership while enabling faster transfers and trading on blockchain networks.
Commodities account for a bigger share of the tokenization market.
Source: Token Terminal
Tether Gold benefited from this year’s rally in bullion prices, with the token’s market capitalization expanding as gold climbed to record highs above $5,600 per troy ounce. The precious metal has since pulled back to around $4,300 an ounce but remains up on the year.
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.
(June 18 17:05 UTC) This article has been updated to reflect that Tether Gold-backed loans will be available on Ledn later this year.
Bitcoin lending platform Ledn is expanding its services to include Tether Gold (XAUt), giving investors the ability to hold the tokenized asset and eventually use it as collateral for loans, just as they can with Bitcoin.
Ledn announced Thursday that later this year, clients will be able to use XAUt as collateral for loans instead of selling their holdings for cash. Under the company's existing lending model, client collateral is held one-to-one and is not rehypothecated, lent out or used to generate yield.
Loans are issued and repaid in Tether’s USDT or USAt stablecoins and can be repaid at any time without scheduled monthly payments. Tether launched USAt in the United States in January as a stablecoin designed to comply with the GENIUS Act.
The launch will expand the range of digital assets that can be used as loan collateral, giving investors another way to access liquidity without triggering a taxable sale. While Bitcoin-backed lending has become a common feature of the crypto market, the addition of tokenized gold reflects growing efforts to bring real-world assets into digital asset financial services as gold prices hover near record highs.
The new products are rolling out across most jurisdictions where Ledn operates but are not currently available in Canada or the European Union.
The market capitalization of Tether Gold peaked at around $2.89 billion. Source: CoinMarketCap
Tokenized commodities gain traction in RWA marketThe announcement comes as commodities play an increasingly prominent role in the tokenization market. According to a recent Token Terminal report, tokenized financial assets have surpassed $43 billion, with commodities accounting for nearly 17% of the market.
Unlike commodity derivatives and futures, tokenized assets such as gold are backed by the underlying asset, giving holders direct ownership while enabling faster transfers and trading on blockchain networks.
Commodities account for a bigger share of the tokenization market.
Source: Token Terminal
Tether Gold benefited from this year’s rally in bullion prices, with the token’s market capitalization expanding as gold climbed to record highs above $5,600 per troy ounce. The precious metal has since pulled back to around $4,300 an ounce but remains up on the year.
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.
Ledn is expanding its platform to include Tether Gold (XAUT), Bitcoin and stablecoins, aiming to combine hard assets with digital dollar liquidity in a single custody and lending system.
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XAUT represents one ounce of physical gold held in Swiss vaults and can now be held alongside Bitcoin within Ledn Transaction Accounts. The company said users will be able to trade across BTC, XAUT, USDT and USAT, as well as take and repay loans in stablecoins, with gold-backed borrowing planned for later this year.
The platform is also broadening its lending infrastructure to support USDT and USAT as loan rails, reducing reliance on external settlement processes. Ledn said the updates maintain its existing custody model, under which client assets are not lent out or used for yield generation.
Tether CEO Paolo Ardoino said the integration reflects growing demand for financial tools that connect long-term asset ownership with everyday liquidity needs.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tokenized gold is moving deeper into crypto lending markets.
Digital asset lender Ledn has added Tether Gold, or XAU₮, as collateral for loans, according to its official announcement. The move gives borrowers another way to access liquidity without selling a tokenized claim on physical gold.
TL;DR Ledn has added Tether Gold as a supported collateral asset for loans. Borrowers can access liquidity against XAU₮ rather than selling the asset outright. Ledn says collateral is held 1:1 and is not rehypothecated. The product excludes residents of Canada and the European Union, so availability is not global. A new collateral lane for tokenized gold Ledn has historically been closely associated with Bitcoin-backed lending. Adding Tether Gold widens that model into the real-world asset market, where tokenized commodities have become a growing part of crypto’s institutional story.
XAU₮ is designed to represent exposure to physical gold, while still moving as a digital asset. By accepting it as collateral, Ledn is effectively treating tokenized gold as something borrowers can pledge for liquidity in much the same way they might use Bitcoin or other supported assets.
The practical appeal is straightforward. A holder who does not want to sell XAU₮ can borrow against it instead. That may help avoid losing exposure to gold while still accessing stablecoin liquidity for other uses.
The custody model is the key claim The most important part of Ledn’s announcement is the custody language. The company says collateral is held 1:1 and is not rehypothecated or lent out to generate yield.
That point matters because crypto lending has a long memory. After the failures of several high-yield lenders in the last cycle, users are much more sensitive to how collateral is held, whether it is reused, and what happens during market stress.
A non-rehypothecation model is easier to explain to borrowers because it reduces one of the more obvious forms of counterparty risk. It does not remove all risk, but it gives the product a cleaner structure than lending models that depend on recycling client collateral through yield strategies.
Why this fits the RWA narrative The timing also fits the broader real-world asset trend. Tokenized Treasuries, tokenized gold, stablecoin reserve products, and collateralized lending are all part of the same movement: bringing familiar financial assets into crypto-native rails.
Gold is especially interesting because it sits between old and new market habits. It is one of the oldest reserve assets, but tokenized versions make it easier to move, pledge, and integrate into digital lending platforms.
The caveat is access. Ledn’s product is not available everywhere, and the company specifically excludes Canada and the European Union. That should keep expectations grounded. This is not a universal product launch, but it is another sign that tokenized commodities are becoming more useful inside crypto credit markets.
That gives the story a wider market angle. Tokenized gold is not trying to replace Bitcoin’s role in crypto lending, but it gives lenders and borrowers another type of collateral with a very different risk profile. Bitcoin collateral is tied to crypto market beta, while gold-linked collateral is often framed around preservation, hedging, and liquidity. In a market where borrowers increasingly want more choice, that distinction matters.
This article was written by the News Desk and edited by Samuel Rae.
Listen to this article. An upgrade to DeFi lending protocol Compound Finance has introduced a bug, “causing transactions for ETH suppliers and borrowers to revert” and leaving the platform’s ~$830 million cETH market unusable until a fix is implemented.
Compound announced the incident an hour after the upgrade was executed, stating: “Funds are not immediately at risk, but this is a developing situation.”
While the issue was quickly identified, the fix (simply reverting the smart contract in question to the previous version) cannot be implemented for seven days.
This is due to Compound’s decentralized governance process, which ensures that any changes to the functionality of the protocol can only be made by passing a proposal, voted on by COMP token holders. Any proposed changes face a two-day review followed by a three-day voting period. Successful proposals then pass into a two-day “timelock” queue, where they can be canceled if any last-minute errors are found.
Image courtesy of Compound Finance. Read more: How the FDIC works and why crypto marketers should be nervous
In return for deposits on Compound, users receive interest-bearing cTokens that can be held, accumulating interest, or used as collateral to take out over-collateralized loans.
However, due to the differences between ETH and other (ERC-20) tokens on the Ethereum blockchain, Compound uses two types of deposit tokens, CEther and CErc20. The error, introduced in Proposal 117, was in a price calculation which assumed all cTokens functioned as CErc20, leading to the reverted transactions.
According to Compound, the proposed code change had been audited by three separate smart contract auditors, though the most recent report linked in the proposal is dated April 1, 2022.
Proposal 119 will revert to the former price oracle once it passes next week, reactivating the cETH market. In the meantime, users with outstanding debt are still able to deposit ETH to avoid liquidation when the market reopens, if necessary.
This is not the first time that Compound has been unable to fix a live bug due to its slow-moving governance. Last September, $80 million in excess rewards was accidentally distributed to depositors, and a further $68.8 million was released while the fix was pending.
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The Digital Asset Market Clarity Act sits on the Senate calendar eligible for a floor vote, with House Agriculture digital-assets subcommittee chair Dusty Johnson signaling a fast House companion. The bill needs at least seven Democratic votes to clear the 60-vote cloture threshold before the August recess.
The Digital Asset Market Clarity Act sits on the Senate Legislative Calendar as Calendar No. 423, eligible for a floor vote at any time leadership chooses to schedule one. House Agriculture digital-assets subcommittee chair Dusty Johnson said Thursday the House will move fast on a companion if the Senate clears the bill before the August recess.
The bill was placed on the calendar June 1 after a 15-9 Senate Banking Committee markup on May 14, with all 13 Republicans joined by Democrats Ruben Gallego and Angela Alsobrooks. Both Democrats attached caveats that their committee votes do not commit them to support final passage. Sen. Bill Hagerty (R-Tenn.), one of the bill's lead Republican shepherds, said this week he still hopes Congress can finish the work before the July 4 recess, the White House's stated signing target.
The Math, ExactlyThe bill must clear cloture to escape a filibuster, which means 60 votes. Republicans hold roughly 53 seats, leaving the framework about seven votes short even with full Republican unity. Gallego and Alsobrooks are the only Democrats publicly on record from committee, and both flagged their support as contingent.
That gap of seven-plus Democratic votes is now the entire story. Eleanor Terrett, host of Fox Business' Crypto in America, called the July 4 timeline "realistically impossible" on June 14, citing the ethics standoff, House-Senate text reconciliation, and the cloture math. Sen. Cynthia Lummis (R-Wyo.), the Senate's lead crypto policymaker, has said an August-recess vote is more realistic than a pre-July-4 one.
What CLARITY DoesThe bill sorts every digital asset into one of three legal categories. Digital commodities, including Bitcoin and, depending on a maturity test, Ether, fall under Commodity Futures Trading Commission authority for spot and cash markets, a substantial expansion for an agency that has historically only regulated derivatives. Investment-contract assets sold to fund a central team stay with the Securities and Exchange Commission. Payment stablecoins sit with banking regulators under the GENIUS Act framework.
That CFTC-primary architecture for tokens that aren't securities is the part the industry has wanted for years. It would also codify XRP's status as a digital commodity in federal statute, a permanence that an agency-level determination cannot match. The House passed its version 294-134 in July 2025 with more than 70 Democratic votes.
Where the Seven Votes Come FromThe Democrats most likely to cross over are the moderates who signed onto a 2025 crypto framework laying out the conditions for their cooperation. Sen. Mark Warner (D-Va.), who has worked with Republicans on prior crypto drafts and told CoinDesk reporters at the May markup that he still wants to keep working the bill, is the most-cited target. Sen. Kirsten Gillibrand (D-N.Y.) has said Democrats will not allow passage without an ethics provision aimed at officials profiting from crypto holdings. Sens. Cory Booker (D-N.J.), Chris Coons (D-Del.) and Raphael Warnock (D-Ga.) are the other names floor strategists keep returning to.
Their conditions are consistent and known: conflict-of-interest language addressing the prior administration's crypto dealings, stablecoin-yield rules, illicit-finance and anti-money-laundering provisions, and protections for decentralized finance. A Van Hollen ethics amendment was rejected 13-11 on a party-line vote during committee markup; floor strategists are now hunting a narrower ethics text that adds seven Democrats without losing Republicans who view broader language as a bill-killer. A separate fight over sports-prediction carveouts is running in parallel as the American Gaming Association and tribal coalitions press Senate leadership.
Crypto-backed money sits behind the negotiation. Fairshake's affiliated PACs, including the Democrat-supporting Protect Progress arm, reported $193 million on hand earlier this year with $25 million each from Coinbase and Ripple and $24 million from a16z. Protect Progress already spent $1.5 million opposing one House Democratic primary in March, a signal of what crossover-friendly and crossover-hostile members can expect through November.
House Follow PathJohnson's Thursday statement compressed the House's procedural timeline to roughly zero. If the Senate passes its merged text, the House Agriculture digital-assets subcommittee chairman said his chamber would move companion legislation rather than insist on a conference committee, removing weeks of delay. House Financial Services chair French Hill, who introduced the House version in May 2025, has previewed the same posture. Majority Whip Tom Emmer's Securities Clarity Act and elements of the Blockchain Regulatory Certainty Act were folded into the House CLARITY text last year.
The practical implication: a Senate-passed bill could reach the president's desk on a single House vote without conference reconciliation, provided the Senate text stays close enough to the House version that Hill and Emmer can whip it. The Blockchain Association's BRCA preservation push earlier this month was aimed at exactly that constraint.
Timeline if Cloture ClearsThe fastest path runs as follows: Senate floor debate opens under a unanimous-consent agreement or after a cloture motion, ethics and yield amendments are negotiated and either accepted or voted down individually, the merged text passes with 60 or more votes, the House takes up the Senate-passed bill under suspension rules, and the bill goes to the president. Under that compressed sequence, signing could land in mid-to-late July rather than the original July 4 target.
The slower path involves floor amendments that break the carefully assembled coalition, forcing a conference committee or a House-Senate ping-pong that pushes the bill past the August recess. Markets have priced meaningful odds of 2026 passage, with Galaxy's research head cutting his estimate to 60% on June 8 and Polymarket-style prediction markets hovering near 70%.
The Recess DeadlineFailure to clear cloture before the August recess pushes the bill into a fall calendar that runs straight into November midterms. Legislating becomes harder as elections approach, and a delay into 2027 risks restarting the framework before a Congress whose composition is unknown. Republicans currently view the calendar between now and August as the only realistic window; the alternative is conceding the issue back to the next cycle.
Hagerty's revived July 4 framing, even read as aspirational, sets the political clock. The Senate has limited floor days between now and the recess. The seven-Democrat math is gettable in principle and unsolved in practice, with crypto's largest legislative bet of the cycle riding on a handful of amendments to ethics language nobody has finalized yet.
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